Latest / Yaron Brook Show / Iran Latest; Cuba; Economy; CIA/Gold; Drones; Ukraine; Israel/UN; Achievements | Yaron Brook Show
Transcript
- 0:02Speaker 1: A lot of fundamental crystals, ido last, self interest, and
- 0:10Speaker 1: an individual loss. This is the show. Oh right, everybody,
- 0:21Speaker 1: welcome to you. One book show on this Thursday, May eighth.
- 0:26Speaker 1: I hope everybody is having a great week. Great week,
- 0:30Speaker 1: find a week of May. Monday will be June. We
- 0:34Speaker 1: will be entering the summer months. It's pretty crazy fast fast.
- 0:40Speaker 1: Time is flowing, all right. Let's see. So you know,
- 0:46Speaker 1: every morning I'll wake up, read the headlines and look
- 0:49Speaker 1: at the news and stuff like that, and this is
- 0:54Speaker 1: what I read pretty much every day. It's pretty much
- 0:57Speaker 1: the same thing. All prices fall after report a breakthrough
- 1:01Speaker 1: in US Iran talks scoop US and Iran reached deal
- 1:07Speaker 1: but need Trump's final approval. Officials say, all prices pull back. No,
- 1:15Speaker 1: that was yesterday, all right, this is let's see what else.
- 1:18Speaker 1: Fourteen minutes ago, Iran worldlive, US in Iran drafts fire
- 1:22Speaker 1: extension pending Trump approval. It's on his desk. Iran in
- 1:28Speaker 1: US trade attacks after Trump rejects report of Almo's agreement.
- 1:35Speaker 1: What so, yeah, anyway, there's a deal. It's it's on
- 1:44Speaker 1: Trump's desk. We know the details because because basically Axis
- 1:49Speaker 1: has told us what the details are. And I mean
- 1:54Speaker 1: here's the deal, right, it's it's it was agreed on
- 1:57Speaker 1: Tuesday by Whitcar and the negotiator on the Iranian side.
- 2:07Speaker 1: IWON claims it has approvals, although that's coming to question
- 2:12Speaker 1: that as the Iranian team claims that the Supreme Leader
- 2:15Speaker 1: and ILGC have all signed off on this. But that
- 2:21Speaker 1: is dubious, and memorandum of whatever of some kind of
- 2:30Speaker 1: agreement right states shipping through the Straits of Homos will
- 2:34Speaker 1: be quote unrestricted, no tolls, supposedly, no rastment minds removed
- 2:40Speaker 1: within thirty days. This is all according to axious. The
- 2:46Speaker 1: US naval barcade lifts proportionally as commercial shipping is restored.
- 2:52Speaker 1: Here's the most important section. Iran commits No. I mean
- 2:56Speaker 1: they really do commit. They swing the pinky swear whatever
- 3:00Speaker 1: whatever you do to really commit. And you know anyway,
- 3:04Speaker 1: they commit not to pursue a nuclear program, not to
- 3:07Speaker 1: pursue a nuclear weapons, sorry, not to pursue a nuclear weapon.
- 3:10Speaker 1: I mean that's better than the you know, the Obama deal,
- 3:16Speaker 1: because I don't think they committed in Obama d new
- 3:21Speaker 1: after sixty day window the first issue to be negotiated.
- 3:26Speaker 1: So this is only well, no, in the sixty day window,
- 3:30Speaker 1: not after. In the sixty day window, the first issue
- 3:33Speaker 1: to be discussed negotiated is how to dispose of the
- 3:38Speaker 1: highly enriched uranium, right, I mean Yuan hasn't agreed to
- 3:43Speaker 1: do it. They just agreed to talk about it. And
- 3:47Speaker 1: according to this, the US commits to discussing sanctioned relief
- 3:52Speaker 1: and release of frosen uranium funds during the next sixty
- 3:57Speaker 1: days of negotiation. So that is that is what Actius
- 4:03Speaker 1: says the deal is. In other words, the deal leaves
- 4:09Speaker 1: you on and control of these states of homos and
- 4:14Speaker 1: supposedly with unrestricted shipping, no tolls or environmental taxes. But
- 4:23Speaker 1: they could change their mind at any point in time. Right,
- 4:26Speaker 1: what's stopping them? They're in control. IOLOGC is still running things.
- 4:31Speaker 1: There be a graduate lifting in the US blockade. Everything
- 4:36Speaker 1: is deferred for two months, but again Trump hasn't signed
- 4:40Speaker 1: off on it, and by some accounts, neither of the Iranians.
- 4:49Speaker 1: Nothing about Arab country joining the Abraham Accords that was yesterday,
- 4:54Speaker 1: pray it's all gone by now. And nothing about the
- 4:59Speaker 1: missile program that was a month ago. Yeah, we've forgotten
- 5:03Speaker 1: about missiles. Who cares, right, nothing about proxies, funding proxies,
- 5:10Speaker 1: and at least this version of the access thing nothing
- 5:13Speaker 1: about Lebanon. So the Israelis are relieved. I guess the way,
- 5:22Speaker 1: I'm supposed to confirm that they do have an understanding,
- 5:25Speaker 1: this draft memorandum of understanding with Iran, but that Trump
- 5:29Speaker 1: is not signed off on it. So he also says,
- 5:35Speaker 1: Trump says he's in no rush. He's no rush, so
- 5:40Speaker 1: we won't know. We won't know. On the other hand,
- 5:45Speaker 1: if you look at other newspapers, other sources, so for example,
- 5:49Speaker 1: the Telegraph, this is a headline for the Telegraph right now,
- 5:53Speaker 1: Iran will sign peace deal only if US releases twenty
- 5:57Speaker 1: four billion of frozen assets. That's the ultimatum, no compromise.
- 6:05Speaker 1: So that is according to Tehran's chief negotiator. You know,
- 6:13Speaker 1: they were in Kutaut and they delivered this ultimatum. Right
- 6:20Speaker 1: half the frozen assets need to be released immediately, as
- 6:25Speaker 1: soon as it's announced, and the other half another twelve
- 6:29Speaker 1: billion within the first sixty days. And they want it
- 6:36Speaker 1: right now. They say no negotiations are possible without depositing
- 6:40Speaker 1: Iran's blocked funds. Remember these are funds that because the
- 6:44Speaker 1: sanctions have been frozen. These are funds in accounts in
- 6:47Speaker 1: Qatar and Uee and Asian bank accounts, maybe in European
- 6:52Speaker 1: bank accounts. But and the total of all fozen accounts
- 6:56Speaker 1: is about a hundred billion dollars one hundred billion dollars. Uh. Yeah, anyway,
- 7:04Speaker 1: that's according to the Telegraph, not according to Axias. So
- 7:08Speaker 1: go figure. Oh, some of the funds in South Korea,
- 7:11Speaker 1: in Katar, in Iraq, in Japan, in Luxembourg, Bahrain, Turkey
- 7:16Speaker 1: and Germany. That's where the funds are. UH. To wait
- 7:21Speaker 1: to release it, Washington would actually have to waive sanctions
- 7:26Speaker 1: and then ensure cooperation with foreign governments and then create
- 7:30Speaker 1: a mechanism to guarantee the regime does not use the
- 7:34Speaker 1: money to rebuild this nuclear program or fund proxies. But
- 7:37Speaker 1: I don't think that's in the memorandum of understanding proxies
- 7:42Speaker 1: or anything. So anyway, you know, we will see. I
- 7:48Speaker 1: suppose the the parties, the US and the Uranians are
- 7:51Speaker 1: discussing a complex mechanism to stop the money from being
- 7:56Speaker 1: from going directly to the regime, so it helps old
- 8:00Speaker 1: the economy but not the nuclear program or whatever. Anyway,
- 8:09Speaker 1: this is Uh, this is kind of the latest news.
- 8:15Speaker 1: We also so yesterday a new strikes by the US
- 8:19Speaker 1: on southern Iran. Uh. They were supposed to attack drones
- 8:25Speaker 1: were heading towards uh A some ships. They were knocked
- 8:31Speaker 1: out of the sky and then the United States bombed
- 8:35Speaker 1: the the ground control station where the and the and
- 8:40Speaker 1: the ground operating unit that launched these drones. So these
- 8:44Speaker 1: were in southern Iran, Uh, the US official set on Wednesday, UH.
- 8:51Speaker 1: These were described as self defense strikes in southern Iran.
- 8:54Speaker 1: For the second time in three days, United States knocked
- 8:57Speaker 1: down for one way attack drones the official city Iran
- 9:00Speaker 1: had launched over the Straits of Omors, threatening US forces
- 9:03Speaker 1: in the region and what little commercial maritime traffic is
- 9:06Speaker 1: going through the straits that Iran has effectively blockaded. The
- 9:11Speaker 1: military then conducted strikes against the drone ground control station
- 9:15Speaker 1: in the city of Bata Rabus before Iran could fire
- 9:19Speaker 1: a fifth drone, said the US officials, who spoken condition
- 9:22Speaker 1: of anonymity to discuss operational matters. So yeah, I mean
- 9:28Speaker 1: some fighting continues in a kind of a in a
- 9:32Speaker 1: kind of sporadic way. Anyway, about a hour ago this
- 9:36Speaker 1: hits and again I don't know this stuff, but it's
- 9:40Speaker 1: it's This is exactly the kind of fog of negotiations
- 9:44Speaker 1: that we get, not fog of war. This is fog
- 9:46Speaker 1: of negotiations breaking. Iran rejects today access is report claiming
- 9:52Speaker 1: a US Iran deal or MoU has been reached, saying
- 9:56Speaker 1: acxios is fake news, and Iran will not sign any
- 9:59Speaker 1: agreement that the not aligned with our interests, explicitly rejecting
- 10:03Speaker 1: the common Deal terms. Ion also does not accept the
- 10:06Speaker 1: proposed sixty day CIEs fire extension due to continued violations
- 10:10Speaker 1: of it, and will respond to any further violations of
- 10:12Speaker 1: the cease fire. Put two members inside the negotiations. Ian
- 10:17Speaker 1: Supreme Leader Hamini has also not approved or agreed to
- 10:22Speaker 1: the proposed agreement and terms, which doesn't exist according to
- 10:27Speaker 1: the same sources. Anyway, this is where we are. You know.
- 10:39Speaker 1: In the meantime, the United States has sanctioned another Uranian entity.
- 10:44Speaker 1: I didn't know. I thought all the Iranian entities were
- 10:46Speaker 1: sanctioned by this point. But I think the Iranians are
- 10:51Speaker 1: waiting for Trump down conditionally surrender. I don't think they're
- 10:54Speaker 1: accepting anything short of that. However, this is the reality,
- 10:59Speaker 1: right I mean, I mean, Trump is pathetic, and this
- 11:02Speaker 1: is all pathetic. But here's the reality. The reality is
- 11:07Speaker 1: that Iuon is more pathetic. The reality is that if
- 11:12Speaker 1: not for Trump's weakness, this regime is holding on by
- 11:19Speaker 1: its fingernails. Its economy is decimated, Inflation is double maybe
- 11:26Speaker 1: triple digits. The Ranian real has is an all time
- 11:31Speaker 1: low visa vfon currencies. Unemployment is through the roof because
- 11:37Speaker 1: a lot of factories, a lot of industries were destroyed
- 11:42Speaker 1: by the Israelis primarily during the war. Iwan Koog Island
- 11:49Speaker 1: is not loading up ships because of the blockade. No
- 11:54Speaker 1: oil is going out of Ian or very little. Maybe
- 11:58Speaker 1: they sneak a few shifts by here and there, but
- 12:02Speaker 1: they have no revenue, no money coming in. Now. I'm
- 12:05Speaker 1: sure that they are being resupplied by the Chinese and
- 12:09Speaker 1: by the Russians, and that they are sending out oil
- 12:13Speaker 1: by truck and by other mechanisms through the eastern border,
- 12:18Speaker 1: eastern border with Afghanistan and Pakistan, and the northeastern borders
- 12:23Speaker 1: with Tajikistan and maybe even the Caspian Sea which takes
- 12:26Speaker 1: them to Russia. So you know, there's still some stuff
- 12:30Speaker 1: going in and out of you on. But the main
- 12:33Speaker 1: way in which stuff goes in and out of you
- 12:35Speaker 1: on the main way in which you won participates in trade.
- 12:38Speaker 1: The main source of revenue for the Iranian economy and
- 12:44Speaker 1: for the Iranian government is by boat, is through its ports,
- 12:50Speaker 1: and that is blocked, that is located. So it really
- 12:55Speaker 1: is this competition between you know, Trump's kind of has
- 13:01Speaker 1: this political beliefs. He has a political necessity to sign
- 13:05Speaker 1: a deal. He does not want to re engage in
- 13:09Speaker 1: the war. You know, he's too busy right now, you know,
- 13:14Speaker 1: building a ballroom and redoing a what is it that
- 13:17Speaker 1: the reflecting pool, and you know, and suing his enemies
- 13:22Speaker 1: and trying to get the one point seven seven six
- 13:25Speaker 1: billion dollars to his allies, and you know, there's way
- 13:28Speaker 1: too many lucrative things on his mind right now. And
- 13:32Speaker 1: he doesn't want to go back to the war, so
- 13:35Speaker 1: he is, but he also doesn't want to sign a
- 13:38Speaker 1: deal so bad that his base, what's left of his support,
- 13:46Speaker 1: will throw up their hands and give up on him.
- 13:49Speaker 1: Right So he needs a decent deal, but he's desperate
- 13:54Speaker 1: not to re engage in fighting, and he's desperate to
- 13:58Speaker 1: get prices down. We'll get to the economy a little bit.
- 14:00Speaker 1: He's despert to get all prices down. He's desperate to
- 14:04Speaker 1: find a way to come out of this in a
- 14:06Speaker 1: way that he can enter the elections of the midterm
- 14:12Speaker 1: elections with some positive news. The Iranians, on the other hand,
- 14:18Speaker 1: have a decimated economy. They have you know, their forces
- 14:23Speaker 1: have been shredded. They're in deep, deep trouble, and they
- 14:28Speaker 1: know it that people hate them. By the way, the
- 14:32Speaker 1: Internet is now being moderately freed up in Iran and
- 14:37Speaker 1: we're getting more and more videos out of Iran of
- 14:41Speaker 1: the demonstrations in January. Those videos couldn't get out because
- 14:45Speaker 1: of the block and those demonstrations were really impressive, and
- 14:52Speaker 1: the violence against them, which is now documented and these
- 14:55Speaker 1: leaked videos are coming out and you can see them,
- 14:59Speaker 1: is truly horrific. So the Ranian people hate these people.
- 15:02Speaker 1: The regime is under siege. The Ranian people are much
- 15:07Speaker 1: poorer now than they were before the war started, and
- 15:10Speaker 1: they were already poor. Then. Remember that the demonstrations in
- 15:13Speaker 1: January were not so much around theocracy and stuff like that.
- 15:16Speaker 1: They were about the economy. The economy was terrible, and
- 15:19Speaker 1: it was the shopkeepers who started the big demonstrations that
- 15:23Speaker 1: the bizarre, and you know, this regime is struggling. This
- 15:30Speaker 1: is why, in my.
- 15:31Speaker 2: View, a little bit of help, a little bit of push,
- 15:35Speaker 2: a bit more bombing, you know, cleaning up, a little
- 15:39Speaker 2: bit more of the of the leadership of the regime,
- 15:42Speaker 2: a weakening.
- 15:43Speaker 1: Of the IRGC and the bessiage. You know, maybe a
- 15:47Speaker 1: little bit of bribing of the regular military. I don't know,
- 15:50Speaker 1: whatever whatever a military. You know, Cia and Moussad think
- 15:55Speaker 1: this regime could fall. It could fall, but it needs
- 16:02Speaker 1: it needs more. So the blockade is great. I don't
- 16:05Speaker 1: understand why the blockade wasn't imposed the day won of
- 16:07Speaker 1: the war. But more is needed. More is needed. And
- 16:19Speaker 1: it's pathetic that Trump is sitting in his hands and
- 16:22Speaker 1: not doing anything. So really, there's no news other than
- 16:27Speaker 1: axious claims there's a deal. There's no news. It seems
- 16:32Speaker 1: like some people in the Trump administration confirm it, but
- 16:35Speaker 1: the Iranians are not. Some people are you know, who
- 16:37Speaker 1: knows what's going on. There's no deal. Trump does not
- 16:41Speaker 1: seem to know how he did cut a deal because
- 16:43Speaker 1: he needs the deal to appear to be good. And
- 16:48Speaker 1: in the meantime, the Iranian economy is spiraling out of
- 16:52Speaker 1: control and descending and in real big trouble. So who
- 16:58Speaker 1: gives first? I think the Iranian ability to suffer in
- 17:04Speaker 1: the name of Allah is greater than Trump's ability to delay.
- 17:10Speaker 1: So I think Trump will k first. But we'll see,
- 17:16Speaker 1: We'll see what happens. We'll see what happens, all right.
- 17:21Speaker 1: As I said, the thing that will bail us out
- 17:23Speaker 1: from a bad deal. Of the Iranians are not willing
- 17:25Speaker 1: to give an inch, and Trump will just keep compromising
- 17:31Speaker 1: and compromising and compromising. All right. In the meantime, on
- 17:38Speaker 1: another front, in the Caribbean, not far from me, the
- 17:43Speaker 1: U s has a masked the second largest Navy fleet
- 17:50Speaker 1: that it has the second largest concentration of Navy assets,
- 17:54Speaker 1: and not just Navy air Force as well. Right close
- 17:58Speaker 1: to here, I mean, basis here in Puerto Rico have
- 18:02Speaker 1: US Force planes. The Navy is more active now out
- 18:08Speaker 1: of Puerto Rico, but generally we have we have a
- 18:13Speaker 1: whole Navy array in the Caribbean sea. Really right now,
- 18:19Speaker 1: it was if you remember positioned vis A vive Venezuela.
- 18:23Speaker 1: That is now done. And now this is clearly clearly
- 18:28Speaker 1: positioned Visavi Cuba. It really you know, it looks like
- 18:39Speaker 1: the military is preparing for military operation in Cuba. Now,
- 18:43Speaker 1: whether that med military operation is a seizure of leading
- 18:51Speaker 1: politicians within Cuba, including Castro, who has been now indicted,
- 18:58Speaker 1: right indicted by the Trump administration for a nineteen ninety
- 19:07Speaker 1: six shootdown of planes operated by humanitarian group Brothers for
- 19:11Speaker 1: the Rescue. I mean, they were looking for something, so
- 19:15Speaker 1: I think Castro is what ninety four, he's ninety four,
- 19:20Speaker 1: he's no longer the president of Cuba. But of course
- 19:23Speaker 1: the brother Fidel Castro, and of course connected to very
- 19:30Speaker 1: much to the existing regime. Anyway, they you know, they
- 19:33Speaker 1: might send in special forces to get roal Castro, They
- 19:39Speaker 1: might send in special forces to get the actual political leaders.
- 19:44Speaker 1: It is hard to tell. Or alternatively, they could just invade.
- 19:48Speaker 1: They could just do an amphibious landing and invade the assets.
- 19:52Speaker 1: For either scenario or in place not far from the
- 19:55Speaker 1: Cuban coast. According to Rubio, Cuba is in a lot
- 20:01Speaker 1: of trouble, and he says having failed, having a failed
- 20:06Speaker 1: state ninety miles from our shores is a threat to
- 20:09Speaker 1: the national security of the United States. The fact that
- 20:12Speaker 1: the United States has A is not allowing any oil,
- 20:16Speaker 1: any any gasolina oil onto the islands. Has caused a
- 20:22Speaker 1: massive blackouts. There's very little electricity. Even further decline in
- 20:28Speaker 1: the stand of living, in quality of life of Cubans
- 20:31Speaker 1: is who win, horrorable poverty even you know before this
- 20:37Speaker 1: embargoing and the fact that you know the US is
- 20:43Speaker 1: not letting anything through. So again another economy that is
- 20:49Speaker 1: in deep, deep trouble waiting for figure out what the
- 20:52Speaker 1: United States actually wants. Uh. The AMANA in the region
- 20:58Speaker 1: is a little smaller than it was in January when
- 21:01Speaker 1: they went after Maduo, but they have a the Nimetz
- 21:05Speaker 1: aircraft carriers there with its strike group right and they
- 21:10Speaker 1: have several guided missile destroyers and cruisers that can launch
- 21:14Speaker 1: precision missiles at targets on short The USOS has an
- 21:20Speaker 1: array of advanced American drones and surveillance aircraft that have
- 21:25Speaker 1: been circling Cuba for months, and they have an amphibious
- 21:32Speaker 1: ship Usskissage and amphibious ships and escort which carry about
- 21:39Speaker 1: twenty five hundred marines are just off the coast of
- 21:43Speaker 1: Virginia and they are likely they are likely to be
- 21:49Speaker 1: heading towards the Caribbean, So there are a lot of options.
- 21:55Speaker 1: You know, I don't think that Cuba has much of
- 21:57Speaker 1: a military be forced to stand up to the United States,
- 22:00Speaker 1: so that you know, it wouldn't be it wouldn't be
- 22:02Speaker 1: a major fight. Of course, it all depends on the goal.
- 22:05Speaker 1: Just to pick up a few of the leadership, that's
- 22:08Speaker 1: one thing, or to kill them, or to kidnap them,
- 22:11Speaker 1: it's one thing. You know, if actually occupation of the island,
- 22:15Speaker 1: that would require a lot more troops. But of course
- 22:18Speaker 1: you could get the troops in once you take a
- 22:21Speaker 1: landing strip or something like that, a military operation in QB.
- 22:26Speaker 1: I think the chances of that keep rising as we
- 22:33Speaker 1: have a you know, this stalemate in in in Iran.
- 22:40Speaker 1: Trump would love a distraction, would love to flex muscles,
- 22:45Speaker 1: would love another Venezuela where you can show overwhelming success. Now,
- 22:54Speaker 1: you know, just to give you a sense of how
- 22:57Speaker 1: this is all shaping out. It's kind of weird, right,
- 23:00Speaker 1: the US is doing all this, it's blockading the island
- 23:03Speaker 1: at least from US from oil. But at the same time,
- 23:09Speaker 1: the CIA director John Radcliffe went to Cuba, met with
- 23:13Speaker 1: this Cuban counterpart, the equivalent of CIA in Cuba. You know,
- 23:19Speaker 1: in Havana, the US also made an offer of one
- 23:26Speaker 1: hundred million dollars of aid to ease the effects of
- 23:31Speaker 1: the oil blockade. So you know who knows, you know.
- 23:37Speaker 1: So we're blockading them, and we're threatening them with war
- 23:42Speaker 1: and waffering them one hundred million dollars at the same time.
- 23:44Speaker 1: It's an interesting kind of strategy. Suppose the I think
- 23:53Speaker 1: they're trying to negotiate some deal where maybe the Cuban
- 23:58Speaker 1: leadership leaves and you know, they they in the United
- 24:09Speaker 1: States relieves all this pressure on them. I think that's
- 24:13Speaker 1: that they want the Cubans to surrender. I suppose he
- 24:17Speaker 1: had this meeting with the CIA director was rou Rodriga
- 24:20Speaker 1: Rodriguez Castro, who is the grandson a Roau Castro, right,
- 24:30Speaker 1: and he is the head of Cuba's intelligence services. It's
- 24:33Speaker 1: all in the family, the Castro family. Anyway, you know,
- 24:40Speaker 1: we will see. But I wouldn't be surprised. Wouldn't at
- 24:44Speaker 1: all be surprised if if the US went into Cuba
- 24:48Speaker 1: as a distraction. I mean, I think they want to
- 24:52Speaker 1: do it anyway, bet timing a distraction a win midterm elections.
- 24:58Speaker 1: I think that all is it consistent, so we will see.
- 25:03Speaker 1: Of course, the Chinese and the Russians upset and at
- 25:09Speaker 1: the United States for even suggesting this. We will see.
- 25:13Speaker 1: But I think I think Marco Rubio for a long
- 25:16Speaker 1: time has been a big supporter of regime change in Cuba,
- 25:20Speaker 1: and it would be a good thing. I'm not against
- 25:21Speaker 1: the regime change in Cuba. If they can do it,
- 25:23Speaker 1: they can do it without putting American troops in farm's way.
- 25:27Speaker 1: If they can do it without American troops getting hood,
- 25:30Speaker 1: it's probably worth a bucks to do it and get
- 25:33Speaker 1: it done with. Suddenly, it's you know, it wouldn't have
- 25:37Speaker 1: any concerns about Cuba's sovereignty. All right. Before we talk
- 25:45Speaker 1: about the the US economy, remind you that this show
- 25:51Speaker 1: is supported by viewers like you. You, yeah, you, you
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- 26:52Speaker 1: have four more days of the month of May. We've
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- 27:52Speaker 1: today there was a slew of economic data that came out.
- 27:57Speaker 1: Uh and uh, we got we got some numbers. And
- 28:00Speaker 1: the first thing to hit was a revision of first
- 28:04Speaker 1: quarter GDP. Again, GDP is a measure of economic growth,
- 28:11Speaker 1: and the original number had come in at an annual
- 28:15Speaker 1: rate of two percent. That his first quarter GDP grew
- 28:18Speaker 1: at an annual rate of two percent. Not great, far
- 28:22Speaker 1: from great. Remember Lutnik and and and bestent Lutnik, just
- 28:28Speaker 1: like you know, not that long ago, said I mean this,
- 28:33Speaker 1: This were his predictions last year twenty twenty six GDP
- 28:36Speaker 1: growth will be six percent because of how great Donald
- 28:41Speaker 1: Trump is and how amazing is tariffs are, and that
- 28:44Speaker 1: Q one twenty six would be four percent over four percent.
- 28:48Speaker 1: Well it was two percent, so not great, not to
- 28:50Speaker 1: four percent, not over four percent. Half of that about
- 28:54Speaker 1: two percent in a stagnating world like we have right now.
- 28:57Speaker 1: Not bad. Well that was revised downwards today, not up down,
- 29:04Speaker 1: and it is one point six percent, one point six percent,
- 29:10Speaker 1: so not great. It's going We're not in a recession.
- 29:14Speaker 1: We're not shrinking, we're still growing. Recession technically is two
- 29:18Speaker 1: quarters of negative growth. That is the definition of a recession.
- 29:23Speaker 1: Not always, but usually that's how they find a session
- 29:27Speaker 1: one point six is growing definitely, and what is the
- 29:31Speaker 1: source of the growth? Almost all of it, Almost all
- 29:35Speaker 1: the growth in GDP is a result of, you know,
- 29:40Speaker 1: high tech investment in AI. Almost all of it the
- 29:44Speaker 1: bigconstruction projects of the data centers, the servers or whatever
- 29:50Speaker 1: computers they put insight of there. The investment in AI
- 29:53Speaker 1: that is driving this economy right now. But given that
- 29:56Speaker 1: it's still a small piece of the economy as fast
- 29:59Speaker 1: as that is going over twenty percent or something that
- 30:03Speaker 1: only grows the economy at one point six percent. So
- 30:07Speaker 1: that was one piece of news. Another piece is that
- 30:17Speaker 1: the PCE personal personal consumption expenditure, which is the Fed's
- 30:27Speaker 1: preferred inflation measure inflation meaning price inflation here, that rose
- 30:32Speaker 1: a three point eight percent, three point eight percent. That's
- 30:38Speaker 1: the highest level in three years. It was two point
- 30:41Speaker 1: five percent in March, two point eight percent in February.
- 30:45Speaker 1: Three point eight percent. You know, the purchasing power of
- 30:48Speaker 1: your dollar is declining on an annual basis as three
- 30:52Speaker 1: point eight percent. That's the rate of decline. Now, note
- 31:01Speaker 1: that the Fed's target, the FED supposed he has an
- 31:05Speaker 1: inflation target, its target for PCE or CPI or However,
- 31:11Speaker 1: then want to measure inflation this month is two percent.
- 31:14Speaker 1: This is double the target. And indeed it's been sixty
- 31:18Speaker 1: two months I think. I think that's right, over five
- 31:22Speaker 1: years since inflation met the Fed's target. One has to
- 31:29Speaker 1: conclude that the outgoing chairman of the FED did a
- 31:37Speaker 1: lousy job by his own standard, by his own measure,
- 31:42Speaker 1: his measure is two percent inflation. I mean, the number
- 31:46Speaker 1: one responsibility of the FED is price stability. Supposedly, right,
- 31:52Speaker 1: according to the according to its charter, according to the
- 31:56Speaker 1: law establishing it, price stability is not priceability, but okay,
- 32:01Speaker 1: it is. The target is two percent. It's been over
- 32:04Speaker 1: two percent for last sixty two months, and now it's
- 32:07Speaker 1: double almost double three. So yeah, everything's getting more expensive
- 32:15Speaker 1: core PC, which excludes food and energy, energy or prices,
- 32:21Speaker 1: all of that. You know, you on war stuff like
- 32:23Speaker 1: that's food and energy, food affected by fertilizer, energy, affected
- 32:28Speaker 1: by all prices. Even that rolls by three point three
- 32:33Speaker 1: percent in April. So everything is going up in price,
- 32:42Speaker 1: not everything, but everything they measure is going up in price,
- 32:48Speaker 1: which is makes life difficult for Americans. It makes life
- 32:55Speaker 1: difficult for Americans. So that was the other number that
- 33:02Speaker 1: came in, but that wasn't the end of it. Let
- 33:06Speaker 1: me just see, uh that is that? Yeah, here's the
- 33:11Speaker 1: here's the thing. They also reported personal saving. This is
- 33:16Speaker 1: the amount of money you earn minus the amount of
- 33:19Speaker 1: money you spend in consumption. So this is what you're saving,
- 33:24Speaker 1: what you're putting away for rainy day. Saving is plunging.
- 33:33Speaker 1: A year ago, personal saving rate was five point five percent.
- 33:38Speaker 1: Five point five percent. Right now personal savings two point
- 33:44Speaker 1: six percent. This is the second lowest rate that we've
- 33:49Speaker 1: seen in decades, in decades now. Some of this is
- 34:03Speaker 1: more baby boomers retiring. When you retire, you don't save,
- 34:06Speaker 1: You consume, right, You're pulling money from saving and you consume. Me.
- 34:09Speaker 1: Some of it is that, but that's not all of it.
- 34:13Speaker 1: This is partially prices going up and you and you know,
- 34:17Speaker 1: income not going up quite as fast. And so if
- 34:27Speaker 1: your income is not going up as fast as prices,
- 34:30Speaker 1: then you're spending more of your income on the stuff
- 34:33Speaker 1: you buy, and that ultimately results in the fact that
- 34:38Speaker 1: you have less to save. So people are saving less,
- 34:45Speaker 1: they're earning less. The economy is growing slower, prices is
- 34:53Speaker 1: going up faster, just as an aside, farm bankruptcies up
- 35:00Speaker 1: forty this year over last year, and profits and farms
- 35:06Speaker 1: of plummeting. Generally, things are not going well. So the
- 35:10Speaker 1: economy might be, you know, still going up, and primarily
- 35:16Speaker 1: because of AI. AI related activities are powering the economy ahead.
- 35:22Speaker 1: And at some point we might even get productivity benefits
- 35:26Speaker 1: from AI, which will power the economy even more. So.
- 35:31Speaker 1: The economy is growing because of AI and companies, the
- 35:37Speaker 1: big companies, big businesses, you know, the tech companies, but
- 35:42Speaker 1: also the companies that are connected in one way or
- 35:44Speaker 1: another to the AI boom. They're all doing fine, so
- 35:47Speaker 1: earnings are good. Americans are still consuming like crazy. They're
- 35:53Speaker 1: still buying stuff, but they're depleting their ability to continue
- 35:58Speaker 1: to buy stuff given how little they're saving. At some
- 36:01Speaker 1: point Americans will have to cut back on the consumption
- 36:05Speaker 1: in order to beef up their saving when would think so.
- 36:14Speaker 1: Stock market continues to go up because those companies continue
- 36:18Speaker 1: to do well. The part of the economy that's not
- 36:22Speaker 1: doing well is small to medium sized businesses. The big
- 36:25Speaker 1: business in America is doing fantastic, and that's why the
- 36:29Speaker 1: stock market keeps reaching record highs. And every time there
- 36:33Speaker 1: is a hint that maybe there's some kind of deal
- 36:37Speaker 1: between Iran and the United States, and stock market goes
- 36:40Speaker 1: up even more because they want low all prices, they
- 36:45Speaker 1: want geopolitical stability. They're not you know, they're taking an
- 36:53Speaker 1: anti or position. Basically, stock market is the war is
- 36:55Speaker 1: not popular. Maybe if they believe the United States would
- 36:59Speaker 1: win the war fellow ly, systematically, quickly, decisively, maybe then
- 37:05Speaker 1: the stockhol could to respond positively to the war. But yeah,
- 37:08Speaker 1: right now it's not so. Economy not doing well now, No,
- 37:13Speaker 1: you know, if if we compare the Trump administration's performance
- 37:19Speaker 1: to Biden, you know, everybody says, oh, but at least
- 37:21Speaker 1: Trump is good for the economy. Here's the thing. This
- 37:26Speaker 1: is in real terms, So this is a you know,
- 37:29Speaker 1: price inflation adjusted. The economy grew in twenty twenty three
- 37:33Speaker 1: at two point nine percent twenty twenty three to nine.
- 37:38Speaker 1: That's pretty good. Not not phenomenal, particularly coming out of
- 37:42Speaker 1: uh COVID. You'd expect to even higher growth. But two
- 37:45Speaker 1: nine percent is respectable. Right in twenty twenty four hit
- 37:51Speaker 1: two point eight percent. Still not super fast, four to
- 37:56Speaker 1: six percent growth, which I would like to see and
- 37:58Speaker 1: I think it will do you US economy is very
- 38:01Speaker 1: very capable of achieving, but given the stagnation, not bad,
- 38:07Speaker 1: not bad above stagnation level. Twenty twenty five Trump's first year,
- 38:15Speaker 1: it only grew at two point one percent and first
- 38:19Speaker 1: quarter of this year annualized one point six percent. Now,
- 38:24Speaker 1: it could recover and it could be a gang buster year,
- 38:27Speaker 1: but there are no signs of that actually happening. And two,
- 38:33Speaker 1: Trump will blame on you know this is this is uh.
- 38:37Speaker 1: I don't know. He'll blame it on Biden. But when
- 38:41Speaker 1: Biden was president, GDP growth was higher. Now, I don't
- 38:45Speaker 1: like attributing these kind of GDP numbers or stock market
- 38:50Speaker 1: performance to a president. I don't think the presidents have
- 38:54Speaker 1: that much influence in the economy, except when they screw
- 38:59Speaker 1: up royally, and in this case, the big screw up
- 39:03Speaker 1: for Trump or tariffs b E sign be excite. You
- 39:08Speaker 1: think they have no consequences. You think it's a small
- 39:11Speaker 1: part of the economy. Yeah, as I told you at
- 39:15Speaker 1: the time, it wouldn't drive us into recession, but it
- 39:19Speaker 1: definitely definitely tampa the economic growth, and that's what you see.
- 39:30Speaker 1: And the war without keeping the states of homos open,
- 39:35Speaker 1: the idea of going to war without focusing on keeping
- 39:38Speaker 1: the states of homos open has raised the price of energy.
- 39:42Speaker 1: I'm shocked, surprised. Nobody could have predicted that except all
- 39:47Speaker 1: of us who did predict it, All of us who
- 39:50Speaker 1: did predict it. All right, that, oh, that is where
- 40:01Speaker 1: we are. By the way, if you look at inflation
- 40:04Speaker 1: numbers in twenty twenty four, two point nine percent now
- 40:08Speaker 1: three point eight percent, same measure, it's worse under Trump
- 40:13Speaker 1: than Underbiden. Wages in twenty twenty four they were rising
- 40:18Speaker 1: faster than inflation. As of this report, they're rising slower
- 40:23Speaker 1: than inflation. Unemployment rate's about the same twenty twenty four
- 40:27Speaker 1: four percent, twenty twenty six, four point three percent. Jobs
- 40:30Speaker 1: added per month twenty twenty four over one hundred and
- 40:33Speaker 1: twenty thousand on average, so fine twenty twenty six, only
- 40:37Speaker 1: seventy six thousand on average. National debt thirty five point
- 40:43Speaker 1: five in twenty twenty four, thirty nine in twenty twenty six,
- 40:47Speaker 1: and the year is still young. Deficits about the same,
- 40:52Speaker 1: close to two trillion, and gas prices twenty twenty four
- 40:57Speaker 1: to three dollars a gallon today four point ons for
- 41:00Speaker 1: three dollars a gallon again that is not just a
- 41:04Speaker 1: consequence of a war. That's the consequence of the fact
- 41:07Speaker 1: that Trump did not strategically prepare for the war. That is,
- 41:10Speaker 1: he didn't do the thing that was necessary to keep
- 41:12Speaker 1: the straits of home was open, which would kept out
- 41:15Speaker 1: prices down. All Right, this one is kind of a
- 41:22Speaker 1: funny story. We're past the economy. There's nothing funny about
- 41:27Speaker 1: the economy. This is a funny story. Okay. So there's
- 41:31Speaker 1: a CIA, a former supposed the former CIA official who
- 41:36Speaker 1: the CIA has come to suspect, you know, basically lied
- 41:45Speaker 1: about his education when he applied when and while he
- 41:52Speaker 1: was on the payroll of the CIA, So he misled
- 41:57Speaker 1: his supervisors. It says, we don't have a lot of
- 42:00Speaker 1: details about this case, right because it's the CIA, But
- 42:03Speaker 1: he misled his supervisors about his education and his military service.
- 42:08Speaker 1: He claimed college degrees he didn't have, and seventy seven
- 42:12Speaker 1: thousand dollars in military leaf pay he wasn't entitled to.
- 42:17Speaker 1: So the CIA somehow found out about this, and they
- 42:21Speaker 1: asked the FBI to investigate. The CIA can't investigate in
- 42:24Speaker 1: the United States, so the CIA investigates, and as part
- 42:28Speaker 1: of the investigation, the FBI raids this guy's home, and
- 42:36Speaker 1: during the raid of the home, the FBI stumbles upon
- 42:43Speaker 1: forty million dollars worth of gold bars, three hundred and
- 42:48Speaker 1: three gold bars stashed away in the guy's house, in
- 42:55Speaker 1: addition to feign common sees and all kinds of other
- 42:58Speaker 1: stuff that is unreported, but that it clearly he wasn't
- 43:04Speaker 1: supposed to have. Now it turns out the threeandom and
- 43:08Speaker 1: three gold bars were stolen from the CIA. I mean,
- 43:19Speaker 1: this is one of the weirdest stories. I mean, I
- 43:22Speaker 1: guess you'll ever read. Somebody should make this into a movie. Right.
- 43:29Speaker 1: Supposed to Rush worked for the CIA Directorate of Science
- 43:32Speaker 1: and Technology, which develops high tech tools for the agency
- 43:37Speaker 1: espionage missions. Maybe he discovered how to turn lead into
- 43:41Speaker 1: gold and that maybe that's where it's from. The ci
- 43:49Speaker 1: FI in a in a statement said quote, they arrested
- 43:53Speaker 1: an individual following a reform from the CIA after CIA
- 43:57Speaker 1: in total investigation identified potential violations of the law. That's
- 44:03Speaker 1: all they're saying. The FBI is working closely with our
- 44:08Speaker 1: partner's CIA and the partner of Justice as we continue
- 44:11Speaker 1: to investigate this matter. Fully. Three hundred and three bars
- 44:17Speaker 1: of gold, according to again, this is from the FBI
- 44:22Speaker 1: press release. During the search, FBI agents seized approximately three
- 44:26Speaker 1: approximately I don't know what that means, three hundred and
- 44:29Speaker 1: three gold bars, each of which weighs approximately one kilogram.
- 44:33Speaker 1: Based on counter prices of gold, the estimated value exceeds
- 44:36Speaker 1: forty million dollars. Finally, FA agents seized the approximately thirty
- 44:41Speaker 1: five luxury watches, many of which were Rolex band. Now
- 44:47Speaker 1: are these CIA watches that have like super Dupa all
- 44:51Speaker 1: kinds of things inside of them, spy stuff or they
- 44:55Speaker 1: just watches that are used on the gold bars to
- 44:57Speaker 1: buy rush. The CIA agent formacy agent is being held
- 45:05Speaker 1: by US Marshal Services. He's got a detention hearing schedule
- 45:09Speaker 1: for June fifth, and so this is bizarre on a
- 45:14Speaker 1: number of different levels. Right one, it turns out the CIA,
- 45:22Speaker 1: of all places, it doesn't do very good background checks.
- 45:26Speaker 1: This guy worked for the CIA, I think for over
- 45:29Speaker 1: twenty years. He worked to the CIA for a long time,
- 45:34Speaker 1: well maybe not that long. So you worked for the
- 45:37Speaker 1: CIA for a decade or so, and they couldn't do
- 45:43Speaker 1: a background check to get it right. So that's one
- 45:48Speaker 1: The fact that the background check that they originally did
- 45:51Speaker 1: on him was wrong. I mean, it's not that hard
- 45:54Speaker 1: to check educational references or discharges from military. And the
- 46:02Speaker 1: second one is, this is a biggie. How the hell
- 46:05Speaker 1: did this guy get three hundred and thirty three buzz
- 46:08Speaker 1: of gold supposedly from the FBI? From the CIA, sorry,
- 46:14Speaker 1: from the CIA and the role UXes and the money?
- 46:20Speaker 1: What the hell? Anyway? It should it should be interesting,
- 46:28Speaker 1: you know. Rush claimed that he got a degree from
- 46:31Speaker 1: Clemson University and a master's from Renssell Yeer Polytechnic Institute.
- 46:36Speaker 1: The FBI found no record of him in either institution.
- 46:40Speaker 1: How come the CIA didn't see that? So because it's CIA,
- 46:44Speaker 1: we don't know. We don't have a lot of information,
- 46:47Speaker 1: but the old story is weird and does not reflect
- 46:50Speaker 1: well on the CIA and the CIA. He has a
- 47:01Speaker 1: little bit more information. From November through March, Rush made
- 47:04Speaker 1: several requests for funds from the CIA, including for feign
- 47:08Speaker 1: currency and tens of millions of dollars in gold bars.
- 47:13Speaker 1: Why did was that received? Why did they give it
- 47:15Speaker 1: to him? In a storage space near his office, investigators
- 47:22Speaker 1: found a portion of the funds. On May eighteenth, federal
- 47:25Speaker 1: agents searched Russia's home and sees three hundred gold bars
- 47:29Speaker 1: with more than fifty forty million. Agents also seized about
- 47:32Speaker 1: two million dollars in US currency and thirty five luxury watches.
- 47:40Speaker 1: So anyway, who gives this guy three? I mean, what
- 47:45Speaker 1: operation was he conducting that he needed three hundred bars
- 47:49Speaker 1: of golds and the CIA's stash of gold bars? All right,
- 48:04Speaker 1: let's see. So as of now, we have one question
- 48:07Speaker 1: for the Q and a portion of the show. So
- 48:08Speaker 1: this is going to be a short show. If you'd
- 48:10Speaker 1: like to ask questions, now's the time. Twenty fifty hundred
- 48:15Speaker 1: and fifty three hundred, five hundred dollars. Questions are particularly welcome.
- 48:20Speaker 1: We will you know to an extent that there's more
- 48:22Speaker 1: interesting public information about the CIA gold thing. I will
- 48:27Speaker 1: let you know all the United States government, the Trump
- 48:32Speaker 1: administration continues to socialize American business, i e. Own the
- 48:37Speaker 1: means of production by taking ongoing investments in American companies.
- 48:44Speaker 1: It looks like the latest shopping list for the United
- 48:50Speaker 1: States government has to do with drone manufacturers. So first,
- 48:56Speaker 1: Pentagonism talks with you as drone makers to try to
- 49:02Speaker 1: produce more drones. The negotiating funding deals with several use
- 49:07Speaker 1: drone companies uh, you know, to to create facilities that
- 49:14Speaker 1: make it possible to build large quantities of low cost drones.
- 49:21Speaker 1: This is a this is part of a push the
- 49:22Speaker 1: Pentagon has for it's a one point one billion dollar
- 49:27Speaker 1: drone dominance program aiming for three hundred thousand low cost
- 49:31Speaker 1: attack drones by the end of twenty twenty seven, at
- 49:35Speaker 1: a price target for each drone at five thousand dollars. Now,
- 49:39Speaker 1: notice that three hundred thousand lo cost drones the Ukrainians.
- 49:50Speaker 1: Ukrainians build four million drones a year, and the Chinese
- 49:57Speaker 1: have the capacity to build hundreds of millions of drones
- 50:00Speaker 1: a year. So I'm not sure what three hundred thousand
- 50:05Speaker 1: is going to get you. The Pentagon is requesting fifty
- 50:09Speaker 1: four billion dollars it's drone nerves center, up from two
- 50:13Speaker 1: hundred and twenty five million this year. So that is
- 50:18Speaker 1: a what one hundredfold increase, one hundred x increase, two
- 50:23Speaker 1: hundred x increase, sorry, two hundred x increase. Right now,
- 50:28Speaker 1: the United States can only build one hundred thousand drones
- 50:31Speaker 1: a year, supposedly, so the Pentagon is saying it understands
- 50:39Speaker 1: is that future war will depend on drones, and we're
- 50:43Speaker 1: way behind, way behind Ukraine again, which produces four million
- 50:50Speaker 1: drones a year, and our ambitions are at three hundred thousand.
- 50:55Speaker 1: I hope, I hope that. I hope the the Chinese
- 51:01Speaker 1: do not read, are not reading this, this this article
- 51:07Speaker 1: in the Walls Sea Journal. Now suppose see the United
- 51:13Speaker 1: States wants to fund the production of these drones. That
- 51:15Speaker 1: makes complete sense to provide funding for it, and as
- 51:21Speaker 1: loans or as even just what do you call it,
- 51:25Speaker 1: gifts or advance I think the best way to do
- 51:29Speaker 1: it is advanced purchase agreements among the companies the Pentagon
- 51:33Speaker 1: has identified for possibly funding our Performance Drone Works, which
- 51:37Speaker 1: won a contract to supply the army with Econnasists drones
- 51:41Speaker 1: unusual machines, a drone components supplier that of course counts
- 51:47Speaker 1: Donald Trump Junior as a shareholder and advisor, and he's
- 51:52Speaker 1: also an advisory board member. And Neros Technology, which is
- 51:56Speaker 1: a Sequoia Capital, the big venture capital group backed startup
- 52:00Speaker 1: building small first person view drones. Right. Uh, so they're
- 52:08Speaker 1: looking to do this, but part of this is going
- 52:13Speaker 1: to involve, uh, the US government actually taking an equity
- 52:17Speaker 1: position in these companies, an equity position in the companies. Uh,
- 52:26Speaker 1: So the US government is now going to own more
- 52:29Speaker 1: businesses in the US, which is you know, pretty pretty
- 52:38Speaker 1: pathetic and socialist. Socialist socialists believe in the government owning
- 52:43Speaker 1: the means of production. You can you can incentivize these
- 52:47Speaker 1: companies to build you drones advanced purchase agreements for example,
- 52:51Speaker 1: without literally owning shares in them the government. There should
- 52:57Speaker 1: be a constitutional ban on the US owning private businesses
- 53:02Speaker 1: constitutional ban. Anyway, it's going to be interesting to watch
- 53:15Speaker 1: as the United States tries to catch up. I mean,
- 53:17Speaker 1: this doesn't even discuss This article doesn't discuss some of
- 53:21Speaker 1: the other drone startups that did you hear a lot
- 53:24Speaker 1: about the drills. What's his name? La a Pammy Palmer
- 53:31Speaker 1: Lucky's Company and the other one with the twenty four
- 53:35Speaker 1: year old ceo whose name I forget ethan something nobody's
- 53:40Speaker 1: even the article doesn't even discuss them. So again, the
- 53:44Speaker 1: US government, you know, choosing winners and losers. Now, why
- 53:50Speaker 1: not have a bid for certain specs, you know, a
- 53:55Speaker 1: certain price point and future purchasers of gazillions of dollar.
- 54:03Speaker 1: In the meantime, Ukraine it has become a dominant player
- 54:06Speaker 1: in the drone space. They as I said they built
- 54:09Speaker 1: four million drones a year. The drones are the cheapest,
- 54:13Speaker 1: most sophisticated drones out there. At the beginning, when Ukraine
- 54:18Speaker 1: built drones mostly drones, almost all their drones use Chinese parts.
- 54:24Speaker 1: Today they don't, and they are probably the leading in
- 54:31Speaker 1: the world in terms of drone manufacturing, both in quantity
- 54:34Speaker 1: and drone defense technology. And these drones dominating the battlefield
- 54:42Speaker 1: and causing massive losses to the Russians and basically have
- 54:46Speaker 1: stopped the Russian offensive because of the drones. In the meantime,
- 54:54Speaker 1: Ukraine is also trying to beef up its air force.
- 54:58Speaker 1: It would like to be able to take out the
- 55:00Speaker 1: megs that are launching the ballistic the kind of missiles,
- 55:06Speaker 1: they're gliding missiles that are devastating Kiev and other Ukrainian cities.
- 55:15Speaker 1: But then I look into the US, it looks like
- 55:19Speaker 1: Ukraine is going to be buying one hundred and fifty Gryffins.
- 55:24Speaker 1: Griffin is a Swedish I think fourth generation airplane. Fourth
- 55:29Speaker 1: generation would be like the F sixteen, F fifteen S Christine,
- 55:33Speaker 1: not an F thirty five, which is fifth generation. They
- 55:38Speaker 1: you know, there's a photo of Zelensky in front of
- 55:43Speaker 1: in a Swiss Many factory where they're building this with
- 55:48Speaker 1: the Griffins. The Griffins will come fully loaded with weapons systems,
- 55:56Speaker 1: and the hope is that these planes will allow the
- 56:01Speaker 1: Ukrainians to push the Russian jets which use the glide
- 56:06Speaker 1: bombs further away into Russian territories. They can't reach Ukraine,
- 56:11Speaker 1: so this will help Ukraine establish it dominants above Ukraine
- 56:18Speaker 1: and then start pushing against whatever the the you know,
- 56:23Speaker 1: Russians have over Russia. You know't note how easily it
- 56:28Speaker 1: all takes care of Russian air defense systems. There's no
- 56:32Speaker 1: reason to believe that the Sweden has doesn't have somewhat
- 56:36Speaker 1: similar technology. And these Griffins are not loaded up with
- 56:39Speaker 1: the latest best technology to defeat Russian airplanes. I think
- 56:43Speaker 1: the Griffin could take on the nigsh and defeat their
- 56:47Speaker 1: defense systems as well. All right, let's see, yeah, I
- 56:56Speaker 1: mean I've said this often over the years in many contexts,
- 57:00Speaker 1: like said that the UN is maybe one of the
- 57:02Speaker 1: most evil institutions have accreated by man. The United Nations
- 57:08Speaker 1: is truly evil. The United States should exit it. And
- 57:10Speaker 1: it's one of the shocking things is the extent of
- 57:13Speaker 1: which the UN has always been, or not always, but
- 57:17Speaker 1: certainly over the last fifty years, has been anti Israel consistently,
- 57:22Speaker 1: and you know the fact that Israel continues to participate
- 57:27Speaker 1: and continues to play the game even though this organization
- 57:31Speaker 1: is you know, just you know, single mindedly anti Israel,
- 57:39Speaker 1: more anti Israel than anti anything else in the world truly. Anyway,
- 57:47Speaker 1: the States, the United Nations yesterday or this week decided
- 57:52Speaker 1: to include Israeli entities in the annex to the you
- 57:57Speaker 1: know some report where it is that where it is
- 58:04Speaker 1: listed as let me just find the exact Yeah, this
- 58:13Speaker 1: isn't a list of offenders, offended entities, offended governments accused
- 58:21Speaker 1: of sexual violence in conflict zones. Israel is listed on
- 58:26Speaker 1: this list. Now this appears to be you know, one
- 58:33Speaker 1: step two far for Israel and these really Foreign Ministry
- 58:38Speaker 1: officially announced today that Israel has decided to sever all
- 58:42Speaker 1: ties with the UN Secretary General's office. Now that's pretty
- 58:48Speaker 1: amazing because it should sever all ties with the United Nations.
- 58:52Speaker 1: But it's only seven ties with the United Nations Secretary
- 58:55Speaker 1: General's Office. And we'll wait until the new UN Secretary
- 58:59Speaker 1: General is appointed. The UN is a political and biased
- 59:04Speaker 1: organization that has abandoned as fundamental principles and systematically focuses
- 59:09Speaker 1: on Israel. That is true, but why is it going
- 59:12Speaker 1: to change with the new secretary that has been its
- 59:15Speaker 1: DNA for decades. It was always a biased, anti civilizational
- 59:22Speaker 1: institution and it's very founding. It was essentially immoral. Stalin
- 59:29Speaker 1: had a seat at the Security Council with the Americans.
- 59:34Speaker 1: No organization to put Stalin in the Americans an equal
- 59:37Speaker 1: footing each a veto power is a moral organization by
- 59:42Speaker 1: definition that is an immoril entity. And then maw got
- 59:46Speaker 1: a seat. Not all not legit as though should walk away,
- 59:53Speaker 1: should have walked away a long time ago, long time ago. Right. Finally,
- 1:00:00Speaker 1: few stories from our human Achievement section. This is the
- 1:00:04Speaker 1: new section that we have of the Yran Brooks Show.
- 1:00:08Speaker 1: Here's one that is a pretty astounding. Some mobile phone
- 1:00:15Speaker 1: subscriptions in sub Sahmman, Africa, the poorest region of the world.
- 1:00:21Speaker 1: It was basically about a decade ago. A decade ago,
- 1:00:27Speaker 1: it was basically zero. There was just no cell phones
- 1:00:30Speaker 1: in Africa as of you know, two thousand and four,
- 1:00:36Speaker 1: two thousand and five, and landlines hold only reached about
- 1:00:42Speaker 1: two percent of the region's population right now sub Sahan,
- 1:00:54Speaker 1: Subsabon Africa basically guess eighty five cell phones, one hundred people,
- 1:01:01Speaker 1: eighty five cell phone, eighty five percent coverage. Eighty five
- 1:01:05Speaker 1: percent of people have cell phones. Nigeria is basically one
- 1:01:09Speaker 1: hundred percent. Bangladesh not in Africa, it's in Asia. It's
- 1:01:14Speaker 1: still a poor country that had nothing zero zilch as
- 1:01:17Speaker 1: of two thousand and four is over one hundred percent
- 1:01:21Speaker 1: of one hundred and ten percent. That is the more
- 1:01:23Speaker 1: cell phoned people. India only at eighty but South Saharan Africa,
- 1:01:30Speaker 1: you know, close to ninety percent coverage. That is pretty amazing.
- 1:01:36Speaker 1: By adopting cellular attack, poor countries were able to leap fog.
- 1:01:42Speaker 1: You know, again, only two percent had landlines. Land lines
- 1:01:46Speaker 1: were very expensive to put in place, required you know, government,
- 1:01:53Speaker 1: eminent domain, all this stuff. Cell phones easy, put up
- 1:01:56Speaker 1: a bunch of towers, microwaves and antennae and you have coverage.
- 1:02:03Speaker 1: And this is just one example of you know, however
- 1:02:06Speaker 1: poor Africans are they have cell phones. You know, nobody
- 1:02:14Speaker 1: in the world had cell phones fifty years ago and
- 1:02:17Speaker 1: now almost everybody in Africa, even the poorest of the
- 1:02:20Speaker 1: poor have them world is overall from a material perspective,
- 1:02:26Speaker 1: getting dramatically better, dramatically better AI just as a ice story.
- 1:02:37Speaker 1: So an open source AI called Atlas has you know,
- 1:02:44Speaker 1: is a tool or basically for protein discovery anyway, this
- 1:02:53Speaker 1: they have a tool called Alpha fold is that you know,
- 1:02:58Speaker 1: designs proteins. It's an over soce model and it has
- 1:03:03Speaker 1: now reached the point where it can put it is
- 1:03:06Speaker 1: predicted the shape of one billion proteins. One billion proteins.
- 1:03:15Speaker 1: Now this is this is crucial because much medical science,
- 1:03:20Speaker 1: uh and healthcare stuff involves how proteins work, what do
- 1:03:24Speaker 1: they do, how they affect a body, how do they
- 1:03:26Speaker 1: connect to the cells, what effect do they have?
- 1:03:33Speaker 2: Uh?
- 1:03:35Speaker 1: Which are you know, uh crucially important. Here's one of
- 1:03:40Speaker 1: the scientists. What this atlas does is it shows the
- 1:03:44Speaker 1: totality of protein biology and especially the parts that are
- 1:03:47Speaker 1: mostly unknown. We think it's going to be really powerful
- 1:03:52Speaker 1: substrate for the discovery of new biology, which means also
- 1:03:56Speaker 1: new drugs, new treatments. So uh the term they can
- 1:04:10Speaker 1: use this to design new antibodies and other proteins. They
- 1:04:15Speaker 1: can strongly attach to proteins implicated in cancers. In you
- 1:04:20Speaker 1: immunological conditions. And again they can they can test and
- 1:04:26Speaker 1: predict all this virtually before they actually put it into
- 1:04:31Speaker 1: a human being. So again they have now one point
- 1:04:37Speaker 1: one billion predicted protein structures as well as information on
- 1:04:42Speaker 1: the sequences of six point eight billion proteins. I mean,
- 1:04:49Speaker 1: this is just the beginning, the type of the iceberg
- 1:04:53Speaker 1: of what AI is going to make possible and pretty
- 1:04:56Speaker 1: much every realm of human activity, in every realm of
- 1:05:00Speaker 1: human knowledge. It's we're just at the very beginning of
- 1:05:05Speaker 1: one of the most dramatic, you know, revolutions of human knowledge,
- 1:05:12Speaker 1: human industry, human productivity that human beings have ever seen.
- 1:05:17Speaker 1: I mean, the next twenty years, if we don't really
- 1:05:20Speaker 1: really really mess it up big time, are going to
- 1:05:23Speaker 1: be some of the most exciting, interesting in human history
- 1:05:30Speaker 1: because of what AI makes possible. Yeah, and it's you know,
- 1:05:39Speaker 1: it's only gonna get better, faster, and more accessible. Finally,
- 1:05:46Speaker 1: this is from my new Scientists dot com. NASA has
- 1:05:50Speaker 1: revealed details of its plans to build a permanent base
- 1:05:53Speaker 1: on the Moon. Now, I don't know when NASA is
- 1:05:57Speaker 1: going to get the money for this, given our debt
- 1:05:59Speaker 1: and given out we're going bankrupt, but Anyway, it's pretty
- 1:06:02Speaker 1: exciting that there's still people out there imagining doing stuff
- 1:06:06Speaker 1: on the Moon. So it's inspirational, even if I don't
- 1:06:11Speaker 1: think gum should be doing it, and certainly I don't
- 1:06:14Speaker 1: think the United States can afford it right now. Initially,
- 1:06:18Speaker 1: this will see astronauts rovers and hopping drones scouting out
- 1:06:23Speaker 1: the new the lunar surface. Down the line, the plan
- 1:06:27Speaker 1: is for astronauts to build the future lunar home, slated
- 1:06:30Speaker 1: to be hundreds of square kilometers in size. Plans for
- 1:06:35Speaker 1: a lunar base been part of NASA's Automist program for years,
- 1:06:39Speaker 1: but its main focus has been landing astronauts on the
- 1:06:42Speaker 1: Moon for the first time since the nineteen seventies. The
- 1:06:45Speaker 1: human space flight part of the project has been successful
- 1:06:48Speaker 1: so far, with the automous two missions sending for astronauts
- 1:06:52Speaker 1: on a path around the Moon and back to Earth
- 1:06:54Speaker 1: in April, but until recently, NASA had released few concrete
- 1:06:58Speaker 1: details about the tight timeline for building a moon base.
- 1:07:05Speaker 1: Two days ago and announced that the first three missions
- 1:07:09Speaker 1: to build a lunar base will be targeted for this
- 1:07:12Speaker 1: year this year, and at least a further nine to
- 1:07:16Speaker 1: be announced before twenty twenty seven. The overall program will
- 1:07:21Speaker 1: consist of three phases, with the first lasting until twenty
- 1:07:24Speaker 1: twenty nine to secure public reliable access to the Moon's surface,
- 1:07:31Speaker 1: not public, just to secure reliable access to the Moon surface.
- 1:07:35Speaker 1: The second phase will last until twenty thirty two for
- 1:07:39Speaker 1: the initial moon base operating capabilities. An actual base itself
- 1:07:43Speaker 1: will be built near the Luna South Pole in the
- 1:07:46Speaker 1: third and final phase, lasting up to twenty thirty six.
- 1:07:50Speaker 1: So that's still on the corner ten years from now.
- 1:07:52Speaker 1: But you're actually gonna see people on the Moon. I
- 1:07:54Speaker 1: don't know from this it's hard to tell, but maybe
- 1:07:56Speaker 1: this year or early next year. Oh so, no, not
- 1:08:02Speaker 1: this year. This year's missions won't be crude, and we'll
- 1:08:06Speaker 1: look to study the lunar surface in detail in order
- 1:08:08Speaker 1: to reduce the risks for future land missions, as well
- 1:08:12Speaker 1: as to test out autonomous rovers to help guide the
- 1:08:15Speaker 1: design of future Moon vehicles. The first of these missions,
- 1:08:18Speaker 1: moon Base one, will launch towards the end of this
- 1:08:21Speaker 1: year and will feature a lander built by Jeff Bezos,
- 1:08:24Speaker 1: a space company Blue Origin, which hasn't yet tested a
- 1:08:27Speaker 1: lunar landing. Moon Based two and three also planned for
- 1:08:31Speaker 1: launch this year, there was no launch window yet, and
- 1:08:36Speaker 1: each will involve a lander from two different private companies
- 1:08:40Speaker 1: Astro Robotic, which will launch its Griffin lander and an
- 1:08:45Speaker 1: autonomous rover, and Intuitive Machines, which has already attempted two
- 1:08:50Speaker 1: land lunar landings, neither of which were fully successful. They're
- 1:08:58Speaker 1: also looking at two companies, Astro Lab and Luna Outpost,
- 1:09:02Speaker 1: will each be given more than two hundred million dollars
- 1:09:05Speaker 1: to develop future Luna to Rain vehicles as part of
- 1:09:08Speaker 1: the agency's Commercial Luna Payload Services program. So a lot
- 1:09:12Speaker 1: of this is going to be done by private enterprise,
- 1:09:16Speaker 1: by private businesses. But so far I read nothing here
- 1:09:22Speaker 1: to suggest when they can actually put a human being
- 1:09:26Speaker 1: on the moon, so to be seen. But exciting that
- 1:09:30Speaker 1: human beings are going to be back to the Moon
- 1:09:32Speaker 1: after a very long time. All right, guys, I don't
- 1:09:36Speaker 1: know what's happened today. Everybody's gone a super chat diet.
- 1:09:41Speaker 1: But it would be good to get us up a
- 1:09:43Speaker 1: little bit from where we are right now, you know,
- 1:09:48Speaker 1: and also to get us not have such a such
- 1:09:52Speaker 1: a short show. So not a lot of questions, not
- 1:09:56Speaker 1: a lot of us stickers, But let me thank the
- 1:09:58Speaker 1: sticker stickers who are here. Thank you Roland, and thank
- 1:10:03Speaker 1: you Bonnie and Early and John Johnny John John not
- 1:10:10Speaker 1: Johnny John and Jesh and Shasbad and Darlene and Augustinas
- 1:10:21Speaker 1: I did earlier, so thank you guys. Let me remind
- 1:10:26Speaker 1: you that OCONN is happening later in June. Towards the
- 1:10:32Speaker 1: end of June. You can still sign up. There's still
- 1:10:36Speaker 1: space and you can get a discount. You're on Books
- 1:10:42Speaker 1: Show discount by putting in a discount code twenty six
- 1:10:45Speaker 1: YBS ten twenty six YBS ten, which will give you
- 1:10:49Speaker 1: a discount ten percent discount for OCONN. So it's going
- 1:10:53Speaker 1: to be a terrific program. I'm going to be speaking
- 1:10:56Speaker 1: you know on KNG, Greg and many many others will
- 1:10:59Speaker 1: be making It's going to be a lot of fun.
- 1:11:01Speaker 1: You'll meet a lot of people. You'll meet a lot
- 1:11:03Speaker 1: of people who listen to your one book show regularly.
- 1:11:07Speaker 1: So it yeah, good, good times to be had by all. Poka.
- 1:11:12Speaker 1: There'll be poka, they'll be you'll be able to beat
- 1:11:15Speaker 1: me in poker. That'll be fun. And there'll be a
- 1:11:18Speaker 1: talent show and all kinds of other stuff. Fun stuff
- 1:11:21Speaker 1: to do, all right. Also, Alex Epstein, Alex Epstein, you
- 1:11:29Speaker 1: know runs the or producers Alex eeptein dot substack dot
- 1:11:33Speaker 1: com a substack. We're talking points, you know, some of
- 1:11:36Speaker 1: the best stuff on energy and UH and environmentalism and
- 1:11:41Speaker 1: climate change that you will really find anyway. And it
- 1:11:46Speaker 1: is kind of stuff that you need, you know, to
- 1:11:49Speaker 1: make you a better think about these issues, certainly make
- 1:11:52Speaker 1: you a better communicated. It puts out these talking points
- 1:11:54Speaker 1: where it gives you lists of kind of what to
- 1:11:57Speaker 1: talk about. These are incredibly value and beneficial. Check it
- 1:12:02Speaker 1: out Alex Epstein dot substack dot com. All right. Also
- 1:12:08Speaker 1: to remind you Patreon, you can become a monthly subscriber
- 1:12:12Speaker 1: to the One Book Show on Patreon. UH. It is
- 1:12:15Speaker 1: a that is a it's a great way to support
- 1:12:17Speaker 1: it's it's predictable, and it's regular and you don't know
- 1:12:20Speaker 1: if you hear me bug you about it. Just sign
- 1:12:23Speaker 1: up to Patreon patreon dot com and become a monthly
- 1:12:26Speaker 1: supporter of the One Book Show. Any level from two dollars,
- 1:12:29Speaker 1: ten dollars you get a you get a a ad
- 1:12:34Speaker 1: free version of the podcast. Twenty five dollars you get
- 1:12:37Speaker 1: a participate Vivillion video on our panel that's going to
- 1:12:40Speaker 1: be on Saturday. If you do it quickly now in
- 1:12:42Speaker 1: the next couple of days, you can you can participate
- 1:12:44Speaker 1: on the panel on Saturday. And at two hundred and
- 1:12:48Speaker 1: fifty you get a one on one meeting with me
- 1:12:50Speaker 1: once a quarter. At five hundred you get a one
- 1:12:52Speaker 1: on one meeting with me once once a month. So
- 1:12:55Speaker 1: a lot of pokes check it out Patreon dot com.
- 1:12:58Speaker 1: Just put your one book show in there. All right,
- 1:13:01Speaker 1: let's go to some of the super chet questions. We've
- 1:13:04Speaker 1: got a few, not many, Paul. Isn't that a cooperating
- 1:13:09Speaker 1: with other countries for its moon landing or is that
- 1:13:12Speaker 1: against the by American principle? You know, I don't know.
- 1:13:17Speaker 1: I assume that they are on certain issues, on certain strategies.
- 1:13:22Speaker 1: But this is a very much beat the Chinese kind
- 1:13:25Speaker 1: of project. That's part of the motivation to go to
- 1:13:27Speaker 1: the Moon. But I wouldn't be surprised if they're cooperating
- 1:13:31Speaker 1: with the Europeans on some technology, maybe with these Ralies
- 1:13:35Speaker 1: and some technology. Both Europeans and the Israelis have space
- 1:13:40Speaker 1: programs that have space startups that are doing this. But
- 1:13:43Speaker 1: I don't know, I don't know the details of this, Michael,
- 1:13:50Speaker 1: there's most evil that is sophisticated enough to capture power
- 1:13:54Speaker 1: wrap itself in moral superiority. Well, I think most evil
- 1:14:00Speaker 1: just wraps itself in more superiority. It's how evil justifies
- 1:14:05Speaker 1: itself to itself and how it gains power by justifying
- 1:14:09Speaker 1: itself to the rest of the world. So I think
- 1:14:13Speaker 1: basically all evil, in all evil that is trying to
- 1:14:17Speaker 1: capture power, has to present itself as more has to
- 1:14:21Speaker 1: present itself as good, partially to convince itself. I don't
- 1:14:25Speaker 1: think you can actually hold that you are evil and
- 1:14:29Speaker 1: to convince the rest of the world so it can
- 1:14:30Speaker 1: attain the power. Johnny Mauiez, thank you for the sticker.
- 1:14:35Speaker 1: Really appreciate it. Okay, Rob says, these latest economic numbers
- 1:14:43Speaker 1: underscore your thesis that Trump may not be maybe that
- 1:14:47Speaker 1: Trump may be our top socialist president. Yeah. I mean,
- 1:14:50Speaker 1: I think the thing that makes him the most socialist
- 1:14:54Speaker 1: is the fact that he's buying American companies. That he
- 1:14:58Speaker 1: is the first president not in a world war, to
- 1:15:03Speaker 1: basically be taking significant equity stakes in large numbers of companies.
- 1:15:12Speaker 1: I just don't I think that's unprecedented. Yeah, there were
- 1:15:15Speaker 1: periods in which you know, the government took stakes and
- 1:15:20Speaker 1: the auto companies to bail them out, but it was
- 1:15:23Speaker 1: short term, it was quick, and it was turned around
- 1:15:24Speaker 1: and wasn't widespread in five six seven different industries and
- 1:15:29Speaker 1: dozens of companies and a lot of them small startups.
- 1:15:34Speaker 1: So this idea of the government becoming a venture capitalist
- 1:15:36Speaker 1: and not just lending them money equity investments, it just
- 1:15:41Speaker 1: doesn't get more socialist like than that. But yes, I
- 1:15:46Speaker 1: think the tariffs, the tariffs and the just the conyism
- 1:15:53Speaker 1: and the tariffs are really what's right. And so coneyism,
- 1:15:58Speaker 1: taffs and high interest rate tig interestrates you do by
- 1:16:00Speaker 1: the deficit. So spending out of control and and then
- 1:16:05Speaker 1: tarrys and cronyism are the things that are slowing down
- 1:16:07Speaker 1: the US economy. Jason, Even if mister Scooge holds billions
- 1:16:16Speaker 1: of cash and is safe, isn't he effectively holding a
- 1:16:19Speaker 1: zero interest central bank liability giving the government perpetual interest
- 1:16:25Speaker 1: fee financing? Well not if he's literally holding gold bars
- 1:16:30Speaker 1: in his you know, it's gold bars. So it's not
- 1:16:37Speaker 1: he's not getting a tune on it, he's not getting
- 1:16:39Speaker 1: interest on it. Uh, it's it's you know, it's not
- 1:16:43Speaker 1: being deployed for any kind of productive purpose. He's not
- 1:16:46Speaker 1: buying government securities. I guess, uh. You know, the comments
- 1:16:54Speaker 1: used the gold to buy the gold bus is sucilling
- 1:16:57Speaker 1: the economy, but he has not used it for productive purposes.
- 1:17:05Speaker 1: So if he was buying bonds, then yeah, but he's
- 1:17:07Speaker 1: not buying bonds. Anonymous. If America is purely capitalist country,
- 1:17:13Speaker 1: would entity such as CISA et cetera be necessary? Yeah,
- 1:17:17Speaker 1: I mean absolutely, a capitalist country still has enemies. You
- 1:17:23Speaker 1: still have to protect yourself from foreign invaders, from terrorists,
- 1:17:28Speaker 1: for people would lob ballistic missiles at you and developing
- 1:17:33Speaker 1: nuclear weapons or biological weapons or whatever. So absolutely you
- 1:17:37Speaker 1: still need a military and affiliated with the military, you
- 1:17:40Speaker 1: still need intelligence agencies that provide intelligence regarding one safety.
- 1:17:52Speaker 1: So in the name of protecting individual rights, absolutely you
- 1:17:54Speaker 1: need those entities. Anomalous. Do I have a right to
- 1:18:01Speaker 1: privacy in general? And it's specific when when I when
- 1:18:05Speaker 1: I'm out in public? What about government cameras such as
- 1:18:09Speaker 1: in a city. I mean, it's not clearly what I
- 1:18:14Speaker 1: write to privacy is you certainly have a right to
- 1:18:17Speaker 1: the use of your own image. You know, in a
- 1:18:22Speaker 1: truly capitalist society. The road, there is no such thing
- 1:18:25Speaker 1: as being out in public. The roads, the malls, the
- 1:18:28Speaker 1: parks are all privately owned, and the rules are going
- 1:18:31Speaker 1: to be determined by the private owner owner. As long
- 1:18:35Speaker 1: as you are made aware of the fact that cameras
- 1:18:38Speaker 1: are watching, you get them to choose whether to go
- 1:18:41Speaker 1: out into the public or not in when the government
- 1:18:45Speaker 1: owns it, I think it's a violation of your rights.
- 1:18:49Speaker 1: You have a right to go where you please without
- 1:18:52Speaker 1: the government monitoring your movements, knowing what's going on, where
- 1:18:56Speaker 1: you're going and what you're doing. Again, the government is
- 1:18:59Speaker 1: the agency a force. Do you really want them to
- 1:19:03Speaker 1: be knowing all of your transactions and all of your
- 1:19:06Speaker 1: movements and everything you do? And I think the answer
- 1:19:09Speaker 1: is no. So I do think it's the right violation
- 1:19:12Speaker 1: for the government to just have cameras that are being monitored. Now,
- 1:19:14Speaker 1: if the cameras are there but are not being watched,
- 1:19:18Speaker 1: they're just Therefore when there's a crime, maybe that's okay. Right,
- 1:19:25Speaker 1: there's an explicit we don't look at the cameras unless
- 1:19:28Speaker 1: there's a crime. Maybe that's okay. So, for example, there's
- 1:19:34Speaker 1: a camera that register your license plates for toll road.
- 1:19:38Speaker 1: That's okay. It's for particular purpose and that's what it's useful,
- 1:19:44Speaker 1: as long as the gunman is not using it to
- 1:19:45Speaker 1: track where you are and what you're doing and where
- 1:19:47Speaker 1: you're going. Neo, did you watch the Enhanced Sports Tournament?
- 1:19:53Speaker 1: I remember you saying it would be cool so long
- 1:19:55Speaker 1: as it's safe. No, I did not watch it. You know,
- 1:19:59Speaker 1: I didn't see like it was serious. It wasn't clear
- 1:20:03Speaker 1: what kind of enhancements they were actually engaged in, and
- 1:20:05Speaker 1: a lot of the winners were not enhanced at all.
- 1:20:08Speaker 1: But I didn't even know what was happening. I wouldn't
- 1:20:10Speaker 1: have known where to watch it, and so no, I didn't.
- 1:20:13Speaker 1: I just read about it after the fact. Shane, have
- 1:20:16Speaker 1: you seen the Waiters article Pentagon spas with SpaceX over
- 1:20:21Speaker 1: stalling price hike during Iran War presuming the Departum of
- 1:20:25Speaker 1: War didn't activate direct to sell internet in Iran during
- 1:20:30Speaker 1: hostilities due to costs. Yeah, I did see that, so
- 1:20:34Speaker 1: Starling wanted, you know, jacked up the price. It's not
- 1:20:41Speaker 1: clear exactly exactly what happened there in terms of what
- 1:20:51Speaker 1: it was used for what was not used for, and
- 1:20:54Speaker 1: it's hard to tell from the sources how accurate this
- 1:20:57Speaker 1: all is. But what is clear is that Musk definitely
- 1:21:02Speaker 1: jacked up the price of stall Link over Yon during
- 1:21:05Speaker 1: this period, which this is right. He is the sole
- 1:21:09Speaker 1: provider of it, so you know you have one supplier,
- 1:21:14Speaker 1: you what they beck and call. But for the Pentagon
- 1:21:19Speaker 1: not to use it because of the cost seems ridiculous
- 1:21:22Speaker 1: given how much money is being spent on all kinds
- 1:21:27Speaker 1: of garbage that would have been a productive use. How's
- 1:21:32Speaker 1: then asked whether I knew a song review this weekend.
- 1:21:34Speaker 1: Actually no, I thought I was because I didn't realize
- 1:21:38Speaker 1: this weekend was AMA weekend. But this weekend is AMA weekend.
- 1:21:42Speaker 1: So I will probably do some reviews. I won't be
- 1:21:45Speaker 1: able to do all of them, but I'll do some
- 1:21:46Speaker 1: reviews and maybe the song will be part of it
- 1:21:49Speaker 1: or maybe not. We'll see. On Monday show. Monday show
- 1:21:52Speaker 1: will be probably have two shows on Monday. We'll see.
- 1:21:55Speaker 1: I'll let you know exactly what's going on on Monday,
- 1:21:58Speaker 1: but I might have two shows on Monday News show
- 1:22:02Speaker 1: at three pm each coast time, and then a a
- 1:22:05Speaker 1: longer analysis of nuclear energy which is a sponsored show
- 1:22:11Speaker 1: on Monday evening, and then as part of that show.
- 1:22:15Speaker 1: I might do some of the reviews. So sorry about
- 1:22:27Speaker 1: the confusion about the weekend, and Ollie says it's Ollie,
- 1:22:33Speaker 1: not Oily. Sorry Oily, sorry Oli. I'll try to remember
- 1:22:39Speaker 1: that and U and actually use that in the future.
- 1:22:43Speaker 1: All right, guys, thank you, thank you all the super shattas,
- 1:22:45Speaker 1: thank you to all the stickers. I will see you
- 1:22:49Speaker 1: again tomorrow, same time, maybe four pm, three or four
- 1:22:54Speaker 1: pm tomorrow definitely, so I'll see you then. Bye, everybody.