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Warner Deal; Obamacare; Oil Tanker; Indiana; Border Search; Drugs; Space | Yaron Brook Show · Yaron Brook Show

• 0:02
  Speaker 1: A lot of the metals, walls and any individual. Last
• 0:14
  Speaker 1: this is the show, all right, everybody, welcome to you.
• 0:21
  Speaker 1: One book show on this Thursday, December eleventh. It's it's
• 0:26
  Speaker 1: kind of late over here in Puerto Rico. Hopefully you
• 0:30
  Speaker 1: guys are having a good week and looking forward to
• 0:33
  Speaker 1: the weekend and all of that. We will have a
• 0:36
  Speaker 1: show tomorrow at four pm at four pm, well sorry, anyway,
• 0:45
  Speaker 1: around three pm East Coast time, so a little later
• 0:47
  Speaker 1: than usual. We'll have definitely a show on Saturday, topic
• 0:52
  Speaker 1: to be determined, and Sunday will be a members only
• 0:57
  Speaker 1: show and we'll be discussing, discussing the inn rand essay,
• 1:03
  Speaker 1: the Missing Link, the Iron rand Essay, the missing link.
• 1:06
  Speaker 1: For those of you who want to read in advance,
• 1:09
  Speaker 1: and you should, the missing link is in philosophy. Who
• 1:13
  Speaker 1: needs it? In the not in the book philosophy? Who
• 1:15
  Speaker 1: needs it? So just a reminder on all that.
• 1:22
  Speaker 2: All right, let's see, Uh yeah, let's let's just roll.
• 1:34
  Speaker 1: Let's just go right into it. Okay. So I don't know,
• 1:38
  Speaker 1: I don't know how many people are really interested in this,
• 1:40
  Speaker 1: in this, but I find it fascinating. Uh, the the
• 1:44
  Speaker 1: kind of takeover attempts or the merger attempts regarding one
• 1:49
  Speaker 1: of Brother's Discovery. Uh, and there are two. There are
• 1:53
  Speaker 1: two opposing groups that are trying to take this over.
• 1:57
  Speaker 1: One of them is Netflix, which Warner Brothers has said
• 2:02
  Speaker 1: it has agreed to sell most of its assets its
• 2:07
  Speaker 1: properties to Netflix, and Netflix will not be buying the
• 2:12
  Speaker 1: broadcasting parts. So, for example, CNN will not be part
• 2:16
  Speaker 1: of the deal when Netflix. If Netflix buys Warner brother
• 2:21
  Speaker 1: and supposed to the Warner brother has agreed to sell
• 2:28
  Speaker 1: for what was the price? The price was thirty It
• 2:37
  Speaker 1: was twenty seven and a half, I think, so they've
• 2:43
  Speaker 1: agreed to a thirty seven and a half. Sorry, thirty
• 2:46
  Speaker 1: seven and a half. Sorry, Netflix screwed to pay twenty
• 2:51
  Speaker 1: seven and seven five cents twenty seven dollars seventy five,
• 2:55
  Speaker 1: says push sche In cash and stock for most of
• 2:58
  Speaker 1: Warner Brothers, leaving one of the Brothers with CNN a
• 3:03
  Speaker 1: little bit more, probably worth about a buck or two
• 3:06
  Speaker 1: one to two dollars. Then Paramount stepped in. Paramount stepped in,
• 3:13
  Speaker 1: and Pamount is now offered to do a hostile takeover
• 3:18
  Speaker 1: without the agreement of the board in a sense at
• 3:20
  Speaker 1: thirty dollars a share. So Pamont is upping the biating
• 3:27
  Speaker 1: to thirty dollars a share. The stock closed, right, the
• 3:33
  Speaker 1: stock closed yesterday. I don't know what to closed that today,
• 3:37
  Speaker 1: but yesterday the stock closed at twenty nine dollars and
• 3:40
  Speaker 1: fifty three cents. So in this typical of this kind
• 3:44
  Speaker 1: of a deal. So we're going to do a little
• 3:46
  Speaker 1: of finance here, right, We're going to do what is
• 3:48
  Speaker 1: exactly a hostile takeover. Hostile takeover is a takeover where
• 3:52
  Speaker 1: the company that is being bought doesn't really want to
• 3:55
  Speaker 1: sell to you. So, for example, in this case, one
• 4:01
  Speaker 1: of brothers wants to sell and they've agreed to sell
• 4:05
  Speaker 1: to Netflix, and Paramut is saying, yeah, but I'll offer
• 4:10
  Speaker 1: higher price. And management might say, yeah, but we won't
• 4:14
  Speaker 1: take that high price. We're not interested in that high price.
• 4:16
  Speaker 1: But shareholders might say, wait a minute, managers, it's really
• 4:22
  Speaker 1: our call. It's our company. We want to sell for
• 4:24
  Speaker 1: the higher price. We don't give an am who owns
• 4:28
  Speaker 1: the company. Afterwards, we want to make money, so we
• 4:30
  Speaker 1: want to go with Pamont. So it's hostile when in
• 4:34
  Speaker 1: a sense, the new bidda is going directly to shareholders
• 4:38
  Speaker 1: and not getting the acquiescence of management. And in this case,
• 4:42
  Speaker 1: Palmont has been trying to buy Warner Brothers for months.
• 4:48
  Speaker 1: One of others has rebuffed the efforts. One of others
• 4:53
  Speaker 1: managers have rebuffed their efforts. One of others found a
• 4:57
  Speaker 1: friendly deal with Netflix for twenty seven dollars or seventy
• 5:02
  Speaker 1: five cents plus one or two dollars worth of other
• 5:06
  Speaker 1: stuff that's going to stay with shareld with warn about
• 5:09
  Speaker 1: the shareholders. So you could you could imagine the total
• 5:13
  Speaker 1: value of the Netflix deal is about twenty nine dollars
• 5:20
  Speaker 1: and you know somewhere around twenty nine something, right, And
• 5:26
  Speaker 1: then Palmont is not coming in and said, oh no,
• 5:28
  Speaker 1: we'll buy you for thirty and shareholders, anybody want to
• 5:34
  Speaker 1: buy anybody want to sell their stock to us at
• 5:36
  Speaker 1: thirty you can. You can get the twenty five seventy
• 5:40
  Speaker 1: five from Netflix, but we'll give you thirty now. So
• 5:49
  Speaker 1: this is that's what a hostile tico is it how
• 5:51
  Speaker 1: it functions. And of course the stock is right now
• 5:56
  Speaker 1: trading a twenty nine fifty three now twenty nine fifty
• 5:58
  Speaker 1: three rippers a few things. Twenty nine fifty three is
• 6:05
  Speaker 1: about the full value that you would expect to get
• 6:09
  Speaker 1: from Netflix twenty seven to five plus two bucks of
• 6:13
  Speaker 1: the stuff that they're not buying. But we don't know
• 6:17
  Speaker 1: when this deal is going to happen. It could happen
• 6:19
  Speaker 1: in six months or nine months. We also don't know
• 6:22
  Speaker 1: if the regulators will approve it. So in a in
• 6:26
  Speaker 1: a rational market, if I'm holding, if I'm buying one
• 6:31
  Speaker 1: a stock, I'm going, Okay, I'm going to get twenty
• 6:35
  Speaker 1: seven to seventy five, and then I'll be I'll keep
• 6:38
  Speaker 1: a two dollar piece. So I'm gonna get twenty in
• 6:40
  Speaker 1: ninety seventy five. Let's say sometime in the future, let's
• 6:43
  Speaker 1: set worth three today. Well, I mean there's inflation, and
• 6:46
  Speaker 1: there's a I could I could buy, you know, I
• 6:48
  Speaker 1: could put the money in the bank and get interest.
• 6:51
  Speaker 1: So I'm going to take a three percent discount on that.
• 6:55
  Speaker 1: So I'm gonna I'm going to only pay three percent
• 6:57
  Speaker 1: less than twenty ninth seventy five. But then there's us
• 7:02
  Speaker 1: uncertainty about whether the deal will even pass right. I mean,
• 7:07
  Speaker 1: there's a certain probability that the regulators want to prove it.
• 7:13
  Speaker 1: Their regular is already saying maybe we won't. Maybe Netflix
• 7:16
  Speaker 1: plus HBO Max is too much HBO Plus is too much.
• 7:20
  Speaker 1: It's a monopoly, So you know, maybe I don't want
• 7:24
  Speaker 1: to pay that much because I'm worried that the deal
• 7:27
  Speaker 1: doesn't go through. But on the other hand, there are
• 7:30
  Speaker 1: lots of hands in finance, there are lots and lots
• 7:33
  Speaker 1: and lots of hands. On the other hand, even if
• 7:36
  Speaker 1: the deal doesn't go through, it's likely somebody else is
• 7:39
  Speaker 1: going to come in and buy the assets, for example,
• 7:43
  Speaker 1: Warner Brothers, So that makes me a little bit more comfortable.
• 7:46
  Speaker 1: But still, if the deal is at right now at
• 7:50
  Speaker 1: you know, twenty nine seventy five, you know, I'm not
• 7:53
  Speaker 1: bidding more than I don't know twenty seven. I'm not
• 7:57
  Speaker 1: willing to buy it at twenty six. So why people
• 7:59
  Speaker 1: buying a twenty nine five ft three Because paramount has
• 8:04
  Speaker 1: been thirty and the market is telling us pretty clearly
• 8:09
  Speaker 1: that they don't believe thirty is the last bid. They
• 8:13
  Speaker 1: expect Netflix to come back with a higher bid than Paramount,
• 8:15
  Speaker 1: and Paramount then to bid make a higher bid than Netflix,
• 8:18
  Speaker 1: and then Netflix up it from Paramount, and on and
• 8:21
  Speaker 1: on it goes until they finally agree on a price.
• 8:26
  Speaker 1: Would it shock anybody if Warner Brothers ultimately sells for
• 8:31
  Speaker 1: forty dollars a share. Now you have to believe that
• 8:34
  Speaker 1: the shareholders and Warner Brothers are eager for such a
• 8:39
  Speaker 1: battle to take them over. That drives up the price.
• 8:42
  Speaker 1: And indeed, the CEO of Warner Brothers is going to
• 8:47
  Speaker 1: be a billionaire, which is very rare. It's very rare
• 8:50
  Speaker 1: for CEO of an established company, not the founder, not
• 8:54
  Speaker 1: the guy started the company, but just the CEO of
• 8:57
  Speaker 1: a company to become a billionaire. But he is likely
• 8:59
  Speaker 1: to become a billionaire at the end of this the
• 9:01
  Speaker 1: end of this deal. So it's an exciting deal, it's
• 9:04
  Speaker 1: fun to watch, it's interesting. And then answer to this,
• 9:09
  Speaker 1: answer this the drama of all of this, and the
• 9:13
  Speaker 1: interesting how the stock price adjusts and how the market
• 9:16
  Speaker 1: responds and so on. You know, I don't know. Sadly,
• 9:21
  Speaker 1: my finance guys almostly in Europe. But we've got Raphael
• 9:26
  Speaker 1: who does merges and acquisitions in Portugal, and we've got
• 9:30
  Speaker 1: some other finance people. But this is a fund deal.
• 9:34
  Speaker 1: This is a fund deal to watch for anybody interested
• 9:36
  Speaker 1: in finance. But beyond that, there is a whole political dimension. So,
• 9:42
  Speaker 1: for example, Jared Kushner, Donald Trump's son in law is
• 9:51
  Speaker 1: a part. That is, he is providing financing for the
• 9:56
  Speaker 1: Palamount bid. So Donald Trump at least the extent that
• 10:02
  Speaker 1: he he likes Jared Kushner all indications so he likes
• 10:05
  Speaker 1: him as an incentive for this deal to go to Palama.
• 10:10
  Speaker 1: And indeed he can tweak the regulators. He can encourage
• 10:16
  Speaker 1: the regulators not to prove the Netflix deal and yes,
• 10:20
  Speaker 1: approve the Palamont deal. There's also a bunch of like
• 10:25
  Speaker 1: Saudi money in this deal which also on the Palamount side,
• 10:34
  Speaker 1: which again is going to is going to put pressure
• 10:40
  Speaker 1: on the administration on Trump. Member. This is all political, right,
• 10:43
  Speaker 1: because the politicians have to prove the deal. I mean
• 10:46
  Speaker 1: the regulators, but politicians have influenced also Paramount leader, the
• 10:55
  Speaker 1: guy who runs Palamont. The guy who owns Paramount is
• 10:58
  Speaker 1: David Ellison. Now David Ellison happens to be the son
• 11:04
  Speaker 1: of the second richest man I think in the world,
• 11:08
  Speaker 1: Larry Ellison, who happens to be a major donor supporter
• 11:17
  Speaker 1: of Donald Trump. So you got on the Paramount site,
• 11:22
  Speaker 1: You've got Jared Kushner, Saudi Arabia, Abu Dhabi, and Kata
• 11:28
  Speaker 1: Kata being Donald Trump's favorite country in the world, or
• 11:31
  Speaker 1: that's that could cost im. Sorry, and you've got Larry Ellison,
• 11:36
  Speaker 1: a major donor to the Trump administration. Who do you
• 11:38
  Speaker 1: think Trump wants? But then there's another aspect to it.
• 11:45
  Speaker 1: One of the properties that Warner Brothers discover Discovery, that's
• 11:50
  Speaker 1: one company owned is CNN. Now who hates CNN. Well,
• 11:58
  Speaker 1: the person who really, really, really really really hates CNN
• 12:01
  Speaker 1: as Donald Trump because of the bad coverage he tends
• 12:06
  Speaker 1: to get at s CNN. So Donald Trump has said,
• 12:13
  Speaker 1: you know, if a deal goes through for this, I
• 12:17
  Speaker 1: want CNN to have new managers. But if Netflix buys,
• 12:26
  Speaker 1: if Netflix buys Warner Brothers, they don't plan to buy CNN,
• 12:30
  Speaker 1: and CNN remains in the hands of the comment owners
• 12:33
  Speaker 1: with the same management. So again, Donald Trump has a
• 12:36
  Speaker 1: real strong incentive not to allow Netflix to buy it
• 12:41
  Speaker 1: a paramount. On the other hand, if it buys it,
• 12:44
  Speaker 1: it would love to have CNN. It would replace the
• 12:49
  Speaker 1: management of CNN, replace the whole probably the whole network,
• 12:54
  Speaker 1: replace it with people who lean far more pro Trump,
• 12:58
  Speaker 1: because hey, that's who they are, right, we saw that
• 13:03
  Speaker 1: was CBS. Palamount owns CBS. They're the ones who bought
• 13:07
  Speaker 1: Barry Weiss to run the news department at CBS. Why
• 13:12
  Speaker 1: not give Barry Weiss CNN as well? So this one
• 13:20
  Speaker 1: is going to be interesting to watch. I mean, howe well,
• 13:24
  Speaker 1: in a sense of God, politicians should have no business
• 13:31
  Speaker 1: getting involved in this. You know, this is so political.
• 13:36
  Speaker 1: You know, we in the United States and it's National
• 13:39
  Speaker 1: Security strategy document accused Europe of all kinds of things
• 13:44
  Speaker 1: for speech and stuff like this. How are we different?
• 13:47
  Speaker 1: I mean, yes, we're not putting people in jail for
• 13:50
  Speaker 1: Twitter posts, not because this administration wouldn't want to, but
• 13:54
  Speaker 1: because this has been quote would rule that unconstitutional. But
• 13:57
  Speaker 1: this administration is one of the worst administration of free
• 14:02
  Speaker 1: speech we've ever had. We'll get to some examples later.
• 14:05
  Speaker 1: But think of sewing media, you know, because they don't
• 14:10
  Speaker 1: like the coverage that Trump gets now saying almost saying,
• 14:15
  Speaker 1: we're not going to give anti trust approval unless CNN
• 14:20
  Speaker 1: changes its tune. So this is a deal that has
• 14:28
  Speaker 1: politics and finance intermingled in ways that often happened, but
• 14:34
  Speaker 1: this is far more complex, far more direct. Trump is
• 14:38
  Speaker 1: already said explicitly that he will be involved in the
• 14:42
  Speaker 1: decision on who gets to buy Timewona. We live in
• 14:45
  Speaker 1: a We live in lazarf capitalism. Remember government separation from
• 14:50
  Speaker 1: the economy. I mean, this is so corrupt, It's so corrupt.
• 14:57
  Speaker 1: But there you have it. It's like the that the
• 15:02
  Speaker 1: uh you know, Warner Brothers goes to a family member
• 15:06
  Speaker 1: of Donald Trump's and the CNN gets recast as a
• 15:11
  Speaker 1: more neutral news channel than it is historically being. We
• 15:18
  Speaker 1: will continue to watch this and update you both on
• 15:21
  Speaker 1: what is happening in the marketplace. That is, how the
• 15:24
  Speaker 1: price is changing, and how the price evolves given the
• 15:27
  Speaker 1: different bids, and what happens with the bidding. The bidding
• 15:30
  Speaker 1: is going to be fun to watch, but also what
• 15:33
  Speaker 1: happens with the politics of this, because that's going to
• 15:35
  Speaker 1: be equally interesting, if if interesting in a The first
• 15:40
  Speaker 1: is interesting productively from a from a finance perspective. The
• 15:44
  Speaker 1: second is interesting kind of from a more bid, kind
• 15:48
  Speaker 1: of the decay of the American political system perspective. But
• 15:55
  Speaker 1: it is uh yeah, it's it's a it's a big story.
• 15:58
  Speaker 1: It's a big deal, uh and it really does have
• 16:03
  Speaker 1: for reaching ramifications for whatever is left of the American
• 16:09
  Speaker 1: free market system. I there was a vote tonight, as
• 16:20
  Speaker 1: you know, the government was shut down postially because Democrats
• 16:25
  Speaker 1: didn't want the Obamacare exchanges subsidies to go away, because
• 16:32
  Speaker 1: if they went away, premiums for people who buy insurance
• 16:36
  Speaker 1: policies off of Obamacare exchanges with skyrocket, they're going to
• 16:41
  Speaker 1: go up by some estimates about one hundred percent. Republic
• 16:46
  Speaker 1: you know, Republicans objected, they wanted their subsidies to go away.
• 16:50
  Speaker 1: Trump at some point came online and said, hey, what
• 16:53
  Speaker 1: about giving the money back to people? You know, to people,
• 16:57
  Speaker 1: said of subsidizing insurance companies, what about putting in people's hsas?
• 17:02
  Speaker 1: And some Republicans got together and put together bill to
• 17:04
  Speaker 1: reflect that in the meantime, Republicans don't have to get
• 17:07
  Speaker 1: the government open. Promised Democrats there would be a vote
• 17:10
  Speaker 1: on extending the subsidies. So today there was a vote
• 17:13
  Speaker 1: on two things. There's a vote on a Democratic plan
• 17:16
  Speaker 1: to extend the subsidies, and there was a vote on
• 17:20
  Speaker 1: a Republican plan to not a great plan, not unfortunately,
• 17:27
  Speaker 1: not Rand Paul's plan, which was quite good. Rand Paul
• 17:30
  Speaker 1: had a really good plan, but a decent plan that
• 17:36
  Speaker 1: involved expanding hsas dramatically. There was a vote on both
• 17:39
  Speaker 1: those plans Both those plans were voted down. Both those
• 17:44
  Speaker 1: plans were voted down. Republicans could not even get everybody
• 17:48
  Speaker 1: in the Republican Party to vote for the Republican plan,
• 17:51
  Speaker 1: and the Democrats couldn't get enough Republicans to vote for
• 17:54
  Speaker 1: their plan. So basically, what's going to happen, at least
• 17:57
  Speaker 1: as it stands right now, is the Obamacare subsidies will expire.
• 18:02
  Speaker 1: If you buy your insurance on the exchanges, expect premiums
• 18:08
  Speaker 1: to be dramatically higher. How much I don't know. Again,
• 18:12
  Speaker 1: Democrats are saying one hundred percent, but they have an
• 18:14
  Speaker 1: incentive to scare people. I don't know what the actual
• 18:18
  Speaker 1: impact is going to be. It could be the Republicans
• 18:21
  Speaker 1: regroup and try to pass a different bill, but it's
• 18:27
  Speaker 1: unlikely they'll get into the Democratic support. The Democrats will
• 18:30
  Speaker 1: would prefer, I think, to have Republicans take the hit
• 18:33
  Speaker 1: for the subsidies expiring. This is the year of affordability
• 18:38
  Speaker 1: and the insurance costs going up, and being able to
• 18:41
  Speaker 1: point to Republicans and blaming them, put aside the actual
• 18:47
  Speaker 1: economics of the whole thing, put aside the value of
• 18:49
  Speaker 1: Obamacare and all that. Blaming Republicans is what they really
• 18:52
  Speaker 1: care about. The bill that Republicans proposed would have set
• 18:57
  Speaker 1: up a fifteen hundred dollars Individual Saving Account HSA for
• 19:02
  Speaker 1: anybody who had it was less than seven hundred percent
• 19:06
  Speaker 1: of the federal poverty level, which is about one hundred
• 19:10
  Speaker 1: so that would be about one hundred and ten thousand dollars.
• 19:12
  Speaker 1: Anybody above one hundred and ten thousand dollars could get
• 19:14
  Speaker 1: this for an individual turning twenty five thousand for a
• 19:17
  Speaker 1: family or four. Those funds could could not be used
• 19:21
  Speaker 1: for abortion, of course, not God forbid to use them
• 19:24
  Speaker 1: for abortion. Can be used for gender transition procedures, and
• 19:29
  Speaker 1: they require edification of the beneficiaries immigration and citizen status.
• 19:34
  Speaker 1: We got to get all these social gender items checked off,
• 19:39
  Speaker 1: and I think they couldn't be. There's some other restrictions
• 19:43
  Speaker 1: on them, unfortunately, other restrictions on them. And yeah, now,
• 19:49
  Speaker 1: remember these subsidies were put in place to help people
• 19:53
  Speaker 1: out during COVID. COVID has gone a long time ago.
• 19:58
  Speaker 1: Of course, Obamacare what was supposed to be appealed a
• 20:01
  Speaker 1: long time ago. But this is all politics. It's not
• 20:06
  Speaker 1: about helping people. It's not about having a rational healthcare system.
• 20:10
  Speaker 1: It's not about having a rational insurance market. None of
• 20:15
  Speaker 1: that matters. What really matters. The only thing that really
• 20:17
  Speaker 1: matters is the politics of it. Democrats want to blame
• 20:21
  Speaker 1: affordability on Republicans. Republicans want to pretend that they offered
• 20:26
  Speaker 1: some kind of free market option, you know, which is
• 20:30
  Speaker 1: not really true. Yeah, I mean it's it really is.
• 20:38
  Speaker 1: It really is just a political game, political game where
• 20:42
  Speaker 1: we're just pawns with the people are just pawns there playing.
• 20:46
  Speaker 1: I mean, that's true of almost all the stories we'll
• 20:48
  Speaker 1: cover today. Here's here's a good comment from the chat.
• 20:55
  Speaker 1: I sometimes read the chat. I like reading the chat
• 20:58
  Speaker 1: when the comments are nice. This one a nice comment.
• 21:02
  Speaker 1: Juan just gets better and better, and now he's very entertaining.
• 21:07
  Speaker 1: I love when he laughs at his critics. All right, cool,
• 21:12
  Speaker 1: some people think have a sense of humor. I think
• 21:15
  Speaker 1: that's great. All right. Oil tankers. I got up this
• 21:23
  Speaker 1: morning and that the lead news is that the United
• 21:27
  Speaker 1: States had taken over a oil tanker off the coast
• 21:33
  Speaker 1: of Venezuela. It's not just any oil tanker, it's a
• 21:37
  Speaker 1: sanctioned oil tanker. It turns out there over one hundred
• 21:40
  Speaker 1: of these tankers. These are sanctional tankers. These are tankers
• 21:44
  Speaker 1: that have dubious paperwork. It's not clear who exactly owns them.
• 21:52
  Speaker 1: It's not clear what flag they're really flying under. It's
• 21:58
  Speaker 1: also they tend to turn on off the transponders when
• 22:03
  Speaker 1: they're out at sea, so they're not easily to track.
• 22:08
  Speaker 1: The reason there was such a big business in let's
• 22:11
  Speaker 1: call them what they are, black market oil tankers. These
• 22:14
  Speaker 1: are black market oil tankers is because there's a huge
• 22:17
  Speaker 1: black market in oil. There are a number of countries
• 22:21
  Speaker 1: that have sanctions on them that do not allow them
• 22:25
  Speaker 1: to export oil. Russia, Iran, Venezuela and as a consequence,
• 22:32
  Speaker 1: but of course, you know, we know where there's supply
• 22:35
  Speaker 1: and there is demand. Supplying demand will meet. All that
• 22:39
  Speaker 1: happens when you ban a product is that you create
• 22:43
  Speaker 1: a black market. And what we're seeing right now, what
• 22:47
  Speaker 1: we're seeing right now, you guys are distracting me. Lincoln said,
• 22:56
  Speaker 1: I think if you think you're it's funny, now, just
• 22:59
  Speaker 1: wait until the two glasses of wine at dinner. Jennifer
• 23:02
  Speaker 1: says that's true, which is absolutely not true. Jennifers, you know, yeah,
• 23:10
  Speaker 1: I don't get funnier with wine. It doesn't have that
• 23:13
  Speaker 1: effect on me. I don't think anybody here has bean
• 23:17
  Speaker 1: around me. When I've had two glasses of wine, think
• 23:18
  Speaker 1: I get friend of you anyway. So these tankers what
• 23:23
  Speaker 1: they do, these quote black market tankers, I'm calling them that,
• 23:27
  Speaker 1: They're called sanctioned tankers. They basically shuttle shuttle, you know,
• 23:35
  Speaker 1: oil between from sanctioned countries, Venezuela, you are, Russia, two
• 23:41
  Speaker 1: countries willing to buy sanctioned oil like most of Asia, China, Malaysia,
• 23:48
  Speaker 1: other places like that. So these tankers are always under
• 23:53
  Speaker 1: threat of seizure, although nobody ever bothers. Everybody just accepts.
• 23:57
  Speaker 1: I mean, this is part of the stupidity of the
• 23:59
  Speaker 1: sanctions game. Everybody kind of accepts that they can achieve.
• 24:03
  Speaker 1: Everybody accepts that there's a black market. Nobody wants to
• 24:06
  Speaker 1: piss Russia and Iran and Venezuela too much, so they
• 24:11
  Speaker 1: never actually seize these boats. They just let them go.
• 24:14
  Speaker 1: Except today America seized one of the boats. This is
• 24:18
  Speaker 1: a ship that just recently was you know, seen transporting
• 24:23
  Speaker 1: Iranian oil. It is now filled up with venezuel And
• 24:27
  Speaker 1: oil that was probably heading to China Venezuela. Most of
• 24:32
  Speaker 1: Venezuela oil is sold in China. Of course, soil is
• 24:37
  Speaker 1: sold at a significant discount. The Tanka takes a huge premium,
• 24:43
  Speaker 1: just like drugs. There's massive profits to be made in
• 24:47
  Speaker 1: illegal stuff. So Venezuela sends its sells this oil to
• 24:51
  Speaker 1: China really really cheap because China is not going to
• 24:54
  Speaker 1: pay a lot for illegal oil. And the tanker charges
• 24:59
  Speaker 1: are huge premium to Venezuela for shipping the oil to China.
• 25:09
  Speaker 1: So today we got heavily armed US troops you know,
• 25:16
  Speaker 1: propelling down onto the deck of the tanker from black
• 25:20
  Speaker 1: Hawk helicopter. You know this, you know, Pambandi, Attorney General,
• 25:28
  Speaker 1: said today the Federal Buau of investigated investigation homeland security
• 25:35
  Speaker 1: investigations in the United States Coast Guard was support from
• 25:38
  Speaker 1: the Department of War executed a seizure a warrant for
• 25:42
  Speaker 1: a Coude oil tanker used to transport sanction all for
• 25:46
  Speaker 1: Venezuela and you on for multiple years. The oil tanker
• 25:49
  Speaker 1: has been sanctioned by the United States DUDE its involvement
• 25:52
  Speaker 1: in illicit oil shipping network supporting the foreign terrorist organizations.
• 25:57
  Speaker 1: This seizure completed off the coast of Venezuela was conducted
• 26:00
  Speaker 1: safely and securely in our investigation alongside the Department of
• 26:04
  Speaker 1: Homeland Security to prevent the transport of sanctioned oil continues.
• 26:09
  Speaker 1: So this is part of the campaign to put pressure
• 26:12
  Speaker 1: on Maduro to squeeze his administration with the hope that
• 26:17
  Speaker 1: he will leave or commit suicide or do something or
• 26:21
  Speaker 1: just surrender or whatever. And you know, this is within
• 26:27
  Speaker 1: the within the law. There's nothing illegal about what the
• 26:30
  Speaker 1: US did today. There's completely legal. Whether it's a good
• 26:35
  Speaker 1: use of resources where it makes any sense, whether you know,
• 26:38
  Speaker 1: I put that aside for a second. The United States
• 26:41
  Speaker 1: is US has said that they're about they're going to
• 26:43
  Speaker 1: seize more tankers coming out of Venezuela. The idea is
• 26:47
  Speaker 1: to starve the Venezuela and regime where they ownly income
• 26:51
  Speaker 1: really is from these tankers. Now, look, I don't like sanctions.
• 26:57
  Speaker 1: I don't believe there should be sanctions in Venezuela and
• 26:59
  Speaker 1: n It'suela is not an actual threat to the United States.
• 27:03
  Speaker 1: It's not an enemy of the United States. I don't
• 27:05
  Speaker 1: think that there should be sanctions of you on. I
• 27:07
  Speaker 1: just think the Ranian regime should be replaced, and I
• 27:10
  Speaker 1: don't even think there should be sanctions in Russia. I
• 27:12
  Speaker 1: think the United States should bar the trade with Russia.
• 27:17
  Speaker 1: We shouldn't buy and sell anything with Russia. I don't
• 27:20
  Speaker 1: think we should tell other countries what to do if
• 27:23
  Speaker 1: they want to buy and sell from Russia. I also
• 27:26
  Speaker 1: think that if we're going to bar buying all from Russia,
• 27:29
  Speaker 1: we should also stop buying uranium from Russia. America still
• 27:32
  Speaker 1: buys uranian from Russia, and the United States still buys
• 27:36
  Speaker 1: a lot of stuff from Russia. So the whole sanctioned
• 27:39
  Speaker 1: game is just a con. It's to make you, guys
• 27:43
  Speaker 1: feel think that the United States is doing something when
• 27:47
  Speaker 1: it's doing nothing. So I'm not a fan of sanctions.
• 27:53
  Speaker 1: I don't like sanctions. I believe in you embalgo or
• 27:56
  Speaker 1: you don't embogo. I don't like tariffs. I don't like sanctions.
• 28:01
  Speaker 1: Uh you know this is this is unproductive. But you
• 28:05
  Speaker 1: know this squeezing Meduo with the hope that he will fall.
• 28:08
  Speaker 1: We'll see if he does what happens. I mean, this
• 28:12
  Speaker 1: is part of the new US emphasis on the Western hemisphere,
• 28:20
  Speaker 1: the new Manue doctrine U and uh don. Trump has
• 28:24
  Speaker 1: already said that after Venezuela is going to go after Columbia.
• 28:29
  Speaker 1: Uh and uh and and and you know, we'll see
• 28:32
  Speaker 1: where else and what else this leads to, and whether
• 28:35
  Speaker 1: we actually engage in war with Venezuela, where actually bombed
• 28:38
  Speaker 1: the place, assassinate the president? What exactly we do and
• 28:41
  Speaker 1: how we do it? No, that Congress is still not
• 28:44
  Speaker 1: declared war in Venezuela. I don't know where the Trump
• 28:48
  Speaker 1: administration gets its authorization too, uh, you know, militarily strike Venezuela.
• 28:54
  Speaker 1: It hasn't yet, but when it does, I don't know
• 28:56
  Speaker 1: where it's going to get its authorization from. We will
• 28:59
  Speaker 1: wait and see. US Jurgury Department today in post actions
• 29:04
  Speaker 1: sanctions on six more ships and three nephews of Venezuela
• 29:08
  Speaker 1: and President nic Maduro. So expect more seizures, more pressure.
• 29:15
  Speaker 1: I mean, what I think Trump would like is for
• 29:17
  Speaker 1: Maduat just to leave, just to leave. We will see
• 29:21
  Speaker 1: if that actually happens. I mean, Trump keeps ramping up
• 29:27
  Speaker 1: his rhetoric with regard to Maduro, is accusing him of
• 29:31
  Speaker 1: forcing criminals into the United States, facilitating drug trafficking. Again,
• 29:37
  Speaker 1: very very little, very very few drugs that come into
• 29:42
  Speaker 1: the United States come from Venezuela. I don't know if
• 29:46
  Speaker 1: any I mean Colombia. A lot of drugs come for Columbia,
• 29:50
  Speaker 1: and indeed, Venezuela is a massive export of drugs from Colombia.
• 29:56
  Speaker 1: They go to Venezuela and then they smuggle to Europe.
• 29:59
  Speaker 1: So Europe has a cocaine problem, and that cocaine problem
• 30:04
  Speaker 1: is being fueled by Venezuela. But the United States and
• 30:08
  Speaker 1: drugs come you know, through Mexico typically or through the
• 30:12
  Speaker 1: Pacific on the Pacific side. They don't come through the Caribbean,
• 30:19
  Speaker 1: at least not as significant significant quantities. All right, what
• 30:27
  Speaker 1: else do we have. We'll come back to Venezuela in
• 30:31
  Speaker 1: a minute. I ordered these wrong, but that's okay. I
• 30:37
  Speaker 1: talk about Indiana. So President Trump for weeks now has
• 30:41
  Speaker 1: been encouraging Indiana to put together a redistricting plan. They
• 30:47
  Speaker 1: will basically increase the number of Republican congressional districts in
• 30:51
  Speaker 1: preparation for twenty twenty six midium election. You remember, Texas
• 30:56
  Speaker 1: passed a plan like that that has been approved at
• 30:59
  Speaker 1: least temporarily by the Supreme Court. California responded. Since then,
• 31:03
  Speaker 1: North Carolina and one of the state have also approved
• 31:07
  Speaker 1: plans basically to read districts, to eliminate democratic districts and
• 31:15
  Speaker 1: draw the lines in such a way that they will
• 31:17
  Speaker 1: be of Republicans. Missouri was the other state, Missouri North Carolina.
• 31:23
  Speaker 1: Trump Is also asked Indiana, but basically Indiana said no. Now,
• 31:31
  Speaker 1: remember Indiana is one hundred percent Republican state from you know,
• 31:38
  Speaker 1: it's it's state house. For example, in the Indiana Senate,
• 31:45
  Speaker 1: forty out of fifty members of Republicans. Now, Trump didn't
• 31:51
  Speaker 1: just run any campaign. This is a campaign of real
• 31:57
  Speaker 1: threats and intimidation. People were attacked in their homes or
• 32:03
  Speaker 1: outside their homes. People's families were threatened. People we were
• 32:10
  Speaker 1: you know, police were sent to people's homes as a
• 32:12
  Speaker 1: as a prank. Massive amount of pressure was put on
• 32:16
  Speaker 1: those Republicans who said that they would vote against the redistricting.
• 32:22
  Speaker 1: MAGA went nuts at least certain elements within MEGA to
• 32:26
  Speaker 1: try to get these Republicans to agree. Republicans said, basically,
• 32:31
  Speaker 1: you know, we're conservatives. We don't believe in jerrymandering estate
• 32:35
  Speaker 1: in any in mid cycle just to appease the president.
• 32:39
  Speaker 1: You know, this is wrong. We've got a good We've
• 32:43
  Speaker 1: got a proper districting, there's no reason to change it.
• 32:46
  Speaker 1: We're not going to play these political games again. As
• 32:50
  Speaker 1: a consequence of this, and during the debate over the bill,
• 32:58
  Speaker 1: Republican lives were threatened and it really got out of hand. Now,
• 33:08
  Speaker 1: you know, this is a big deal because unless Democrats
• 33:12
  Speaker 1: really have a massive showing and a sweep, it's still
• 33:19
  Speaker 1: going to be true that whoever wins in the House
• 33:22
  Speaker 1: is going to win by a small margin. Every seat
• 33:26
  Speaker 1: is going to count. And the Republicans that were pro
• 33:33
  Speaker 1: redistricting made this point and try to really urge people
• 33:36
  Speaker 1: to change their mind. And yet tonight, I think it
• 33:39
  Speaker 1: was tonight. Yeah, tonight, the Indiana Senate voted and it
• 33:43
  Speaker 1: voted by a huge margin, thirty one to nineteen, to
• 33:47
  Speaker 1: reject redistricting, to eject President Trump. Now this is unbelievably unusual. Now,
• 33:54
  Speaker 1: remember Trump has told them anybody who voted against this
• 33:59
  Speaker 1: will be you know, Trump will choose the candidate to
• 34:02
  Speaker 1: run against them in the Republican primary. The Heritage Fundation,
• 34:08
  Speaker 1: this is what the Heritage Fundation wrote. This is this
• 34:10
  Speaker 1: good old Heritage Foundation right they were. President Trump has
• 34:15
  Speaker 1: made it clear to Indiana leaders. Notice the tone of
• 34:18
  Speaker 1: this President Trump has made it clear to Indiana leaders.
• 34:21
  Speaker 1: If the Indiana Senate fails to pass the map, all
• 34:24
  Speaker 1: federal funding will be stripped from the state. Roads will
• 34:29
  Speaker 1: not be paved, guard bases will close, major projects will stop.
• 34:34
  Speaker 1: These are the stakes, and every no vote will be
• 34:38
  Speaker 1: to blame. Now note this is the same Heritage Foundation
• 34:46
  Speaker 1: that used to used to in the past tense stand
• 34:49
  Speaker 1: for state rights, that stood for the federal gumasu intervene
• 34:55
  Speaker 1: in state decisions like redistricting. Now Trump told you to
• 35:02
  Speaker 1: do X, do X, don't question a bay A bay
• 35:08
  Speaker 1: a bay. So you know, here we are. This is
• 35:16
  Speaker 1: redistincting for congress in twenty twenty six. This is for
• 35:20
  Speaker 1: congressional members in twenty twenty six. I mean, the Republicans
• 35:27
  Speaker 1: are pretty pathetic usually, and yet these Indiana Republicans, you
• 35:30
  Speaker 1: gotta give him credit. Gott to get a credit. And
• 35:34
  Speaker 1: I think the more like MAGA tried to intimidate them,
• 35:38
  Speaker 1: the more they were threatened, the more committed they became
• 35:44
  Speaker 1: to voting against this. So, you know, maybe this hope
• 35:49
  Speaker 1: for this political party. Maybe there's still some people with
• 35:52
  Speaker 1: some tiny bit of I don't know, antiguity, a little
• 35:57
  Speaker 1: bit teep it we will see. I mean maybe we'll see,
• 36:04
  Speaker 1: we'll see, we'll see. So, yeah, people maybe are starting
• 36:11
  Speaker 1: to stand up for Trump. To Trump, I mean, in
• 36:14
  Speaker 1: spite of the fact that some people think he's the
• 36:16
  Speaker 1: greatest president we've ever had. He's very unpopular. He's got
• 36:20
  Speaker 1: one of the lowest approval ratings in history, and maybe
• 36:24
  Speaker 1: that is giving balls courage to other Republicans to stand
• 36:28
  Speaker 1: up to him. I mean, Marjorie Taylor Green has stood
• 36:31
  Speaker 1: up to him. I mean, she's leaving Congress. Good riddance.
• 36:35
  Speaker 1: She's awful, but she did stand up to him. That,
• 36:39
  Speaker 1: you know, good for her. Okay. So here's the thing.
• 36:52
  Speaker 1: There is a proposal being made officially by the American
• 36:56
  Speaker 1: government that says that when people come in to the country,
• 37:04
  Speaker 1: when they apply for visa to come to the United States,
• 37:08
  Speaker 1: one of the things that they will have to submit
• 37:10
  Speaker 1: in order to get a visa to come into the
• 37:12
  Speaker 1: United States is five years worth of social media So
• 37:20
  Speaker 1: all social media accounts from the last five years. They
• 37:23
  Speaker 1: will have to submit, all their biometrics, face fingerprints, DNA
• 37:28
  Speaker 1: and IRIS, all their phone numbers in the last five years,
• 37:33
  Speaker 1: all email addresses from the last ten years, IP addressers,
• 37:38
  Speaker 1: and metadata with their photos. Names of family members, parents, spouse, sibling, children,
• 37:47
  Speaker 1: All family members phone numbers from the last five years.
• 37:51
  Speaker 1: Family members date of birth, family name members, place of birth,
• 37:55
  Speaker 1: family members residences. All business phone numbers in the last
• 37:59
  Speaker 1: five years. A businesses email addresses in the last ten years.
• 38:06
  Speaker 1: This is just this is just for like a tourist
• 38:13
  Speaker 1: E s t A. It's not even a visa, right,
• 38:17
  Speaker 1: this is a E s t A is like something
• 38:20
  Speaker 1: you know, I had to do one for for Australian
• 38:23
  Speaker 1: and you have to do one for UK. Now it's
• 38:24
  Speaker 1: a little online form you know that just just gives
• 38:28
  Speaker 1: you the gives them the basic information, right. So like
• 38:32
  Speaker 1: this is for countries. This is you think this is
• 38:35
  Speaker 1: from like maybe Kato or or you know, Saudi Arabia. No, no, no, no,
• 38:41
  Speaker 1: I'm sure those people can come in free. This is
• 38:44
  Speaker 1: for EU and UK, Australia, Japan, the countries that don't
• 38:48
  Speaker 1: require visas but just require this E S t A.
• 38:54
  Speaker 1: I mean, this is ridiculous. All social media accounts for
• 38:59
  Speaker 1: five years just to come in as a tourist. I
• 39:05
  Speaker 1: mean this goes against I don't know, are we becoming
• 39:09
  Speaker 1: a police state? We're gonna track everybody who comes in
• 39:13
  Speaker 1: here get all the informations in the NSA can check
• 39:18
  Speaker 1: everything that they do. This is it's a non visa visa.
• 39:23
  Speaker 1: That's right, Fisco, it's a non visa visa. If you
• 39:26
  Speaker 1: apply for visa, the requirement's going to be much tougher
• 39:29
  Speaker 1: than this. This is just a starting point. The certain
• 39:33
  Speaker 1: countries that you acquire visa to come to the United States,
• 39:41
  Speaker 1: you have to give DNA. I mean, I thought I
• 39:48
  Speaker 1: thought this, you know, I thought that it was China
• 39:59
  Speaker 1: that kept so your schools. I guess now we're going
• 40:01
  Speaker 1: to keep social scores of tourists. I mean, it's just
• 40:09
  Speaker 1: little steps ice and this kind of stuff, and blowing
• 40:13
  Speaker 1: up boats in the middle of the Caribbean Sea and
• 40:15
  Speaker 1: so on. Just slow little moves then move us towards
• 40:21
  Speaker 1: kind of an authoritarian state, a state they're just hands
• 40:25
  Speaker 1: over to our government, you know, full control of who
• 40:30
  Speaker 1: we are. And it starts with tourists. But then what
• 40:33
  Speaker 1: about us? What about you? Maybe the government already assumes
• 40:37
  Speaker 1: that they have your DNA, they have your fingerprints. If
• 40:41
  Speaker 1: you travel, you've probably given them your fingerprints. I have,
• 40:45
  Speaker 1: I mean, because I've got what do you call it
• 40:47
  Speaker 1: the fast entry into the United States. I did an interview.
• 40:53
  Speaker 1: I've given them everything they have. They've got pictures of me.
• 40:57
  Speaker 1: I know, because you know, when I come into the
• 40:59
  Speaker 1: United States traveling overseas and I come back to the
• 41:01
  Speaker 1: United States, I don't have to take my passport up.
• 41:04
  Speaker 1: I go to the machine. It takes a photo of me.
• 41:07
  Speaker 1: It says, okay, go ahead. It knows who I am.
• 41:11
  Speaker 1: He knows when my passport number. It knows all that.
• 41:12
  Speaker 1: Then I go up to the guard on his iPad.
• 41:15
  Speaker 1: He has my photo and he has my passport and
• 41:19
  Speaker 1: everything else he needs to know about me. And then
• 41:23
  Speaker 1: he asked me like, are you carrying anything? Do you
• 41:25
  Speaker 1: want to declare anything? Da da da da da Okay,
• 41:27
  Speaker 1: and you go. That's it. So even visitors from Gutry's
• 41:35
  Speaker 1: like Gootain and France, who I guess according to the NSS,
• 41:39
  Speaker 1: maybe are now our enemies and not our friends. Are
• 41:43
  Speaker 1: going to give five years of social media and we know,
• 41:46
  Speaker 1: for example that if over the five years you have
• 41:50
  Speaker 1: criticized our Supreme leader, oh sorry, I mean President Trump,
• 41:59
  Speaker 1: you will not get you will not be allowed in.
• 42:03
  Speaker 1: You will not be allowed in. Now you think this
• 42:07
  Speaker 1: is a slippery slope. You think this is a slippery
• 42:11
  Speaker 1: slope and doing this to tourist and next y going
• 42:15
  Speaker 1: to demand you as an American citizen when you come
• 42:18
  Speaker 1: back into the United States, they can demand demand all
• 42:22
  Speaker 1: your social media. Well, I'll getting news for you. It's
• 42:27
  Speaker 1: already happening. This is a press release from I think
• 42:34
  Speaker 1: it's a it's a press release from the PLF Pacific
• 42:39
  Speaker 1: Legal Foundation as of December tenth, yesterday. This is the
• 42:43
  Speaker 1: press release if a month school superintendent file the major
• 42:49
  Speaker 1: property rights lawsuit today challenging US Customs and Voter Protection
• 42:53
  Speaker 1: police policies that violate America's Fourth Amendment rights by permitting
• 42:59
  Speaker 1: permitting federal agents to conduct warrantless searchers and seizures of
• 43:05
  Speaker 1: personal electronic devices and their contents. Wilma Chevaria filed the
• 43:13
  Speaker 1: suit after being subjected to warrantless search at Houston George
• 43:18
  Speaker 1: Bush Intercontinental Airport in July. I am quoting here from
• 43:23
  Speaker 1: Amy Peacoff. You remember Amy Peacoff. You all know Amy Amy,
• 43:26
  Speaker 1: who is an attorney with a Parsific Legal Foundation. She writes,
• 43:30
  Speaker 1: the government is forcing Americans to decide between traveling without
• 43:35
  Speaker 1: their cell phones or surrendering their constitutional right to travel internationally.
• 43:41
  Speaker 1: The further Amendment right to be secure in your property,
• 43:44
  Speaker 1: your papers, and effects, is more vital than ever in
• 43:48
  Speaker 1: the digital age, when information about every aspect of your
• 43:52
  Speaker 1: life is kept on your phone. Customer and Border patrol
• 43:57
  Speaker 1: officers cannot trample on your right as a citizen simply
• 44:02
  Speaker 1: because you're within a cudain distance of the border. She
• 44:09
  Speaker 1: is absolutely right. Wilma, who has been a naturalized US
• 44:14
  Speaker 1: citizens in twenty eighteen, was detained by a CBP without
• 44:20
  Speaker 1: cause while flying home from visiting his mother in Icicagua.
• 44:25
  Speaker 1: Federal agents told him he did not have a Fourth
• 44:28
  Speaker 1: Amendment right at the border, denied him the ability to
• 44:32
  Speaker 1: contact legal counsel or family, and searched his devices without
• 44:37
  Speaker 1: a warrant and despite his protests. Chevaria raised concerns about
• 44:43
  Speaker 1: agents accessing his phone and his school district issued lap
• 44:48
  Speaker 1: work laptop, which contained federally protected student information, and refused
• 44:53
  Speaker 1: to give agent the passwords to district devices. More than
• 44:58
  Speaker 1: four hours later, the federal agents released him and returned
• 45:02
  Speaker 1: to property they'd seized and searched. Chevaria was never given
• 45:08
  Speaker 1: an explanation for his detention. He was also never told
• 45:11
  Speaker 1: whether the agents had copied his personal data or whether
• 45:14
  Speaker 1: they access to copy confidential student data from his work laptop.
• 45:20
  Speaker 1: Chevalia filed a lawsuit challenging CBP policies that give federal
• 45:27
  Speaker 1: agents permission to perform wantless, suspicionless searches of Americans electronic
• 45:32
  Speaker 1: devices within a border zone encompassing all locations within one
• 45:37
  Speaker 1: hundred miles of US voters. His lawsuit aims to stop
• 45:41
  Speaker 1: the government from violating americans constitutional right to protection against
• 45:46
  Speaker 1: unreasonable searches and caesars. PLF is representing mister Chevaria free
• 45:53
  Speaker 1: of charge. PLF together with ij the two just amazing
• 46:00
  Speaker 1: a legal defense organization fighting for all of our rights,
• 46:03
  Speaker 1: taking on cases, often taking them all the way to
• 46:06
  Speaker 1: the Supreme Court. Let's hope that this case it's ruled
• 46:12
  Speaker 1: for Chevalia and that the government has to stop this.
• 46:16
  Speaker 1: I mean again, it's not a slippy slope. They're already
• 46:19
  Speaker 1: doing it. They feel like within at the border, you
• 46:22
  Speaker 1: have no rights. I don't remember in the Constitution it's
• 46:26
  Speaker 1: saying that Americans don't have rights at the border. I mean,
• 46:35
  Speaker 1: it really is scary where this country is going. Talk
• 46:42
  Speaker 1: about scary. So I've talked a lot. I mentioned to
• 46:46
  Speaker 1: talk somewhat about the bombing of boats that are supposed
• 46:50
  Speaker 1: to carrying drugs to the United States. Here's the restionnale
• 46:57
  Speaker 1: given by Schlichter, who's you know, Republican. I guess he's
• 47:02
  Speaker 1: a lawyer, he's a columnist, he's a novelist or whatever
• 47:07
  Speaker 1: this is. You know, Based on the reasoning in this post,
• 47:11
  Speaker 1: I don't recommend his books. Here's the irrationale in a
• 47:16
  Speaker 1: Twitter post. You say it's illegal to destroy doug boats,
• 47:20
  Speaker 1: drug boats full of drugs headed to our country? Correct?
• 47:25
  Speaker 1: Could we just throw boats they were carrying borels of
• 47:28
  Speaker 1: mustard gas heading to our country? Mustard gas horrible gas
• 47:33
  Speaker 1: that will kill you, used in World War One, used
• 47:36
  Speaker 1: by Saddam Hussein against the Kods. Just a horrific and
• 47:40
  Speaker 1: you die, and you die horrific death. Now, if you
• 47:44
  Speaker 1: want to take the position that we cannot destroy boats
• 47:46
  Speaker 1: carrying ballots of mustard gas headed towards our country, you
• 47:49
  Speaker 1: can stop right now. Please make that case to American people,
• 47:53
  Speaker 1: and we will make the case that we can. But
• 47:55
  Speaker 1: if you agree that we can destroy boats carrying ballows
• 47:59
  Speaker 1: of mustard gas heading to our country. Can you tell
• 48:02
  Speaker 1: me the difference between the drugs and the mustard gas.
• 48:05
  Speaker 1: I submit that the only meaningful difference is that drugs
• 48:09
  Speaker 1: have killed nearly one hundred thousand Americans in the last
• 48:11
  Speaker 1: year and mustard gas has killed zero Americans. Please provide
• 48:16
  Speaker 1: any other reason you think we should be able to
• 48:20
  Speaker 1: destroy ships carrying bowels a mustard gas to the United States,
• 48:24
  Speaker 1: but not vessels carrying drugs. There you go, there's the
• 48:29
  Speaker 1: logical challenge for all of you. Logical challenge, you destroy
• 48:37
  Speaker 1: mustard gas votes. I would yeah, mustard gas heading to
• 48:39
  Speaker 1: the United States, I would destroy them. Well, drugs are
• 48:43
  Speaker 1: was the mustard gas because mustard gas has not killed anybody,
• 48:46
  Speaker 1: and drugs have killed one hundred thousand people. But you see,
• 48:52
  Speaker 1: drugs don't kill people. Drugs don't kill people. I mean,
• 48:59
  Speaker 1: the only purpose of mustard gas, the only purpose a
• 49:01
  Speaker 1: mustard gas is to kill people only purpose. But the
• 49:07
  Speaker 1: purpose of drugs is to get high. Now, you might
• 49:10
  Speaker 1: not like the fact that people get high. Indeed, in
• 49:13
  Speaker 1: America we don't like it so much as we made illegal.
• 49:16
  Speaker 1: But the purpose of these drugs is to get people high.
• 49:19
  Speaker 1: People voluntarily voluntarily take these drugs not. Some of them
• 49:31
  Speaker 1: are addicted, so maybe it's not voluntary, but how did
• 49:33
  Speaker 1: they get addicted? Because they voluntarily took the drugs, and
• 49:40
  Speaker 1: in some cases a minority, a pretty small minority of
• 49:43
  Speaker 1: the cases, people die from those drugs. Now, in the
• 49:54
  Speaker 1: case of Venezuela and drug boats, the claim is that
• 49:56
  Speaker 1: they are carrying cocaine. Now, there's a number of year
• 50:00
  Speaker 1: one the drug boats from Venezuela are not heading to
• 50:07
  Speaker 1: the United States. So you might want to blow up
• 50:11
  Speaker 1: mustard gas anyway, because again, the only purpose of mustard
• 50:15
  Speaker 1: gas is to kill people, whereas cocaine if it's heading
• 50:20
  Speaker 1: to some Caribbean island or if it's heading to some
• 50:23
  Speaker 1: Latin American country or to Central American company, Yeah, some
• 50:27
  Speaker 1: people will die, but mainly people will get high. That's
• 50:33
  Speaker 1: not like mustard gas. It's very very different. Again, people
• 50:37
  Speaker 1: voluntarily take the drugs. People do not voluntarily expose themselves
• 50:43
  Speaker 1: to mustard gas. Now, given that it's cocaine, it's also
• 50:49
  Speaker 1: just not true that one hundred thousand people died last
• 50:52
  Speaker 1: year of cocaine. Seventy thousand died of drug overdose overall.
• 50:59
  Speaker 1: Most of those deaths, a significant majority of those deaths
• 51:03
  Speaker 1: were caused by fentanyl, drugs that were laced with fentanyl
• 51:07
  Speaker 1: or fentanl directly, not cocaine. Maybe twenty thousand people died
• 51:14
  Speaker 1: of cocaine overdose. Maybe that's a high number. But cocaine,
• 51:21
  Speaker 1: even more so than these other drugs, is a drug
• 51:23
  Speaker 1: that people take recreationally. So drugs didn't kill those people
• 51:32
  Speaker 1: anymore than as I'm sure Schlichter, as a good conservatives
• 51:37
  Speaker 1: would havemit, guns don't kill people. Guns never mind drugs.
• 51:41
  Speaker 1: Guns don't kill people. People kill people. And in the
• 51:46
  Speaker 1: case of drug overdoses, people commit suicide purposeful or by accident,
• 51:52
  Speaker 1: or directly or indirectly, they're committing suicide. So there is
• 51:58
  Speaker 1: no parallel between drugs and mustard gas, none whatsoever, no
• 52:05
  Speaker 1: logical connection between the two. In the case a mustard deck,
• 52:11
  Speaker 1: the explicit purpose of people transporting mustard gas is to
• 52:15
  Speaker 1: kill other people people transferring cocaine. It's to get people high,
• 52:23
  Speaker 1: and people people choose to get high, none of my business.
• 52:27
  Speaker 1: I don't really care. And if they take too much
• 52:29
  Speaker 1: and die, tough sad for their family. I mean imagine saying,
• 52:41
  Speaker 1: you know, I can't remember the number. The number is
• 52:43
  Speaker 1: some astronomical number of people, like in the tens of thousands.
• 52:47
  Speaker 1: You know, in one hundreds of thousands, more people die
• 52:50
  Speaker 1: of car accidents than actually die of drug overdose. I
• 52:53
  Speaker 1: think that's true. Imagine saying we should be bombing boats
• 53:03
  Speaker 1: that bring caused into America because the cause of killing people.
• 53:07
  Speaker 1: They're killing people by the thousands, They're dropping dead by
• 53:14
  Speaker 1: the thousands. I mean, not only that, we've got a
• 53:26
  Speaker 1: whole industry in the United States producing these killing machines,
• 53:31
  Speaker 1: producing the equivalent of mustard gas, and we're letting them
• 53:35
  Speaker 1: sell them domestically. I mean, immediately we should shut down
• 53:39
  Speaker 1: Forward and General Motors, And I mean it really is
• 53:48
  Speaker 1: absurd and ridiculous. Now, it's true, drugs are illegal, and
• 53:54
  Speaker 1: you know, if the drugs are really heading to the
• 53:56
  Speaker 1: United States, and you have reason to believe they're heading
• 53:59
  Speaker 1: in that dire are, then you can stop a boat
• 54:02
  Speaker 1: and search and confiscate the drugs and maybe arrest the
• 54:04
  Speaker 1: people and put them to trial. Where do you get
• 54:08
  Speaker 1: the right to kill them summarily execute them without even
• 54:14
  Speaker 1: searching the boat and finding the drugs. And if you
• 54:16
  Speaker 1: find the drugs, at least you know they're drug dealers.
• 54:18
  Speaker 1: Maybe you shoot them, but I still don't know height
• 54:21
  Speaker 1: where you get their right to do that. But now
• 54:22
  Speaker 1: you don't even have to prove that there were drugs
• 54:24
  Speaker 1: on the boat. You just blow them out of the water.
• 54:26
  Speaker 1: You say they were dealing drugs, but nobody knows. You
• 54:30
  Speaker 1: can't prove that. I mean, it is ridiculous that we
• 54:39
  Speaker 1: have now given the government, or we haven't really given it.
• 54:43
  Speaker 1: The government has taken upon itself the authority to kill
• 54:52
  Speaker 1: people at the president's whim. Congress has not approved this.
• 55:00
  Speaker 1: It's not within any law of the United States, and
• 55:04
  Speaker 1: it goes against many treaties that we have signed. I
• 55:09
  Speaker 1: put aside my opinion about international law. In the United
• 55:12
  Speaker 1: States is a signature to many treaties. If you want
• 55:16
  Speaker 1: to get out of those treaties, fine, but as long
• 55:19
  Speaker 1: as you're signatures, you should rite by them. Transporting drugs
• 55:29
  Speaker 1: in international waters is not a killable offense. By no
• 55:40
  Speaker 1: standard is it a killable offense. I mean, I know
• 55:44
  Speaker 1: I've said this before. It comes up with a lot
• 55:46
  Speaker 1: on my show because I find it so ridiculous. And remember,
• 55:50
  Speaker 1: some people, some people who claim to be objectives, think
• 55:55
  Speaker 1: this is the greatest president we've ever had. And it
• 55:59
  Speaker 1: is taken the power to help with Congress told everyone, now,
• 56:03
  Speaker 1: why has he done this? I mean, does he really
• 56:07
  Speaker 1: care about drugs in the United States? I'm pretty sure not.
• 56:13
  Speaker 1: Is it part of a move to depose, you know,
• 56:17
  Speaker 1: my duo. Maybe? Is it a way to be macho
• 56:27
  Speaker 1: and a man, to express masculinity and to show those
• 56:31
  Speaker 1: weak leftists what a real man does. Yeah, I think
• 56:36
  Speaker 1: very much. So. He wants to be a tough guy
• 56:42
  Speaker 1: and Maggie loves that. But it's also a way for
• 56:47
  Speaker 1: President Trump to basically say, you know, there are a
• 56:51
  Speaker 1: lot of areas here that I can just do whatever
• 56:54
  Speaker 1: the hell I want and you cannot stop me. I'm
• 56:58
  Speaker 1: just gonna do what ever the hell I want. I'm
• 57:00
  Speaker 1: going to blow people out of the water, and it's illegal,
• 57:04
  Speaker 1: I don't care. That is not a good precedence. If
• 57:09
  Speaker 1: you believe slopes are slippery, Oh my god, is this
• 57:13
  Speaker 1: one's slippery? I mean, and I believe many of you
• 57:20
  Speaker 1: might actually think this is a good idea, so I'm
• 57:22
  Speaker 1: afraid to actually suggest it. Actually I read this idea
• 57:27
  Speaker 1: in Jonah goldbook as an excellent article about this called
• 57:31
  Speaker 1: cocaine is not mustard gas highly recommend it, And he says,
• 57:35
  Speaker 1: what if he decides to put machine guns on the
• 57:38
  Speaker 1: border and just mow down illegal immigrants, just mow them down,
• 57:42
  Speaker 1: just kill them all? Is that okay? Some illegal immigrants,
• 57:50
  Speaker 1: some illegal immigrants when they entered the United States, Well,
• 57:53
  Speaker 1: maybe murder or rave somebody, so she would just kill
• 57:56
  Speaker 1: him in advance, not even bother. What kind of country
• 58:00
  Speaker 1: do we become when we start killing people before crime
• 58:05
  Speaker 1: is committed, or just killing them before trial. We're not
• 58:13
  Speaker 1: a country of laws anymore. Indeed, the kind of country
• 58:16
  Speaker 1: Trump and his supporters, including those who call him one
• 58:20
  Speaker 1: of the great presidents ever want, is not a country
• 58:25
  Speaker 1: of laws, not a country of rights. They want a
• 58:30
  Speaker 1: country ruled by strong men. As long as the strong
• 58:35
  Speaker 1: men are from the right, not the left. That's the
• 58:38
  Speaker 1: only condition. I just I don't want to be ruled
• 58:42
  Speaker 1: by thugs. I don't care if they're right or left.
• 58:45
  Speaker 1: I don't want to be ruled by monsters. I don't
• 58:48
  Speaker 1: care if they're right or left. I don't want to
• 58:50
  Speaker 1: be ruled by men, any men, anybody from any side
• 58:53
  Speaker 1: of the political spectrum. I want freedom. You don't get
• 58:58
  Speaker 1: freedom by killing people in international waters for moving drugs.
• 59:06
  Speaker 1: You don't get freedom for ignoring the law. You don't
• 59:10
  Speaker 1: get freedom by giving the executive branch unlimited power. I mean,
• 59:19
  Speaker 1: let me be clear, I think this is an impeachable offense.
• 59:23
  Speaker 1: I think much of what Trump has done is impeachable.
• 59:25
  Speaker 1: This is impeachable. Every Republican in the House and Senate
• 59:28
  Speaker 1: should vote to impeach Trump just on this basis. It
• 59:33
  Speaker 1: is disgusting and horrific and a violation, a violation of
• 59:44
  Speaker 1: the purpose of government. Protectile rights, not violate them. Put
• 59:51
  Speaker 1: a site. Even the question or whether the drugs should
• 59:53
  Speaker 1: be legal. They should be legal, not decriminalized. Legal. But
• 59:59
  Speaker 1: it's a victim of But even there, it's not the point.
• 1:00:03
  Speaker 1: Point is, even if it's a crime, you can't just
• 1:00:07
  Speaker 1: shoot people. Can't just kill them, all right. Somebody mentions
• 1:00:33
  Speaker 1: the National Security Act of nineteen forty seven, But a
• 1:00:35
  Speaker 1: lot of what the National Security Act of nineteen forty
• 1:00:37
  Speaker 1: seven is being retracted by the War Powers Act of
• 1:00:41
  Speaker 1: nineteen seventy something. But it doesn't matter. None of this
• 1:00:45
  Speaker 1: is constitutional. None of this is constitutional, None of this
• 1:00:49
  Speaker 1: is right, none of this is legal. And this is
• 1:00:52
  Speaker 1: not a war. There's no war here. We haven't declared war.
• 1:00:56
  Speaker 1: Trump hasn't declared war. You can't just clear I mean,
• 1:01:01
  Speaker 1: this is the problem with a war terrorism. You can't
• 1:01:04
  Speaker 1: just declare a a one knocko terrorism. You can't just
• 1:01:08
  Speaker 1: declare a new enemy enemy. I mean, you shouldn't have
• 1:01:11
  Speaker 1: been able to declare war terrorism. That's bizarre. Terrorism is
• 1:01:14
  Speaker 1: a strategy. It's not a it's not a place, it's
• 1:01:17
  Speaker 1: not a thing, it's not an entity. All right, good news,
• 1:01:24
  Speaker 1: change tone. So you know, there's the real big problems
• 1:01:31
  Speaker 1: in for for data centers, UH in terms of getting
• 1:01:38
  Speaker 1: power because the United States does not have a grid.
• 1:01:45
  Speaker 1: We don't have the power production to be able to
• 1:01:49
  Speaker 1: fit the needs of UH. You know, all the all
• 1:01:56
  Speaker 1: these data centers that need to be built. One you know,
• 1:02:04
  Speaker 1: suggestion is being made for years is what if we
• 1:02:10
  Speaker 1: you know, And you know a lot of people talk
• 1:02:12
  Speaker 1: about alternative energies and solar panels, and solar panels are
• 1:02:15
  Speaker 1: super cheap, so why don't we just get so good
• 1:02:17
  Speaker 1: solar panels. But solar panels are incredibly ineffective, and the
• 1:02:20
  Speaker 1: sun doesn't always shine. But you know, where the sun
• 1:02:24
  Speaker 1: does always shine, The sun does always shine. It always
• 1:02:29
  Speaker 1: shines in space, and there being these ideas of what
• 1:02:35
  Speaker 1: if we put the solar planels in space where the
• 1:02:38
  Speaker 1: sun shines twenty four seven, and then we beam the
• 1:02:42
  Speaker 1: electricity down to Earth and you know, the that will
• 1:02:51
  Speaker 1: give us plentiful energy. Now, nobody has never been able
• 1:02:56
  Speaker 1: to do that, except for this week. A Japanese company
• 1:03:00
  Speaker 1: has managed to do that. They created an array in
• 1:03:02
  Speaker 1: space and they managed to beam it down to the
• 1:03:06
  Speaker 1: electricity generated in space to Earth. It's going to be
• 1:03:11
  Speaker 1: a very expensive system. And you know when the beaming
• 1:03:16
  Speaker 1: it down to Earth is not simple, it's an expensive technology.
• 1:03:20
  Speaker 1: It's difficult to do. But that's an alternative, and that
• 1:03:26
  Speaker 1: is what if you put the entire data center in
• 1:03:29
  Speaker 1: space with the solar array to produce the electricity for it.
• 1:03:37
  Speaker 1: Now you've got twenty four to seven electricity and you've
• 1:03:41
  Speaker 1: got the consumption of power done right there in space.
• 1:03:47
  Speaker 1: And then all you have to beam down is data.
• 1:03:51
  Speaker 1: And we know how to beam down data, so data
• 1:03:54
  Speaker 1: updata down. We do that all the time with satellites.
• 1:03:58
  Speaker 1: Stall Link does it all this time. And indeed, both
• 1:04:04
  Speaker 1: Stalling SpaceX and Blue Origin and now working separately, of course,
• 1:04:10
  Speaker 1: in competition on a technology for an orbital AI data center.
• 1:04:20
  Speaker 1: SpaceX is planning to upgrade at stallink satellites to host
• 1:04:26
  Speaker 1: AI computing payloads that are being again getting energy from
• 1:04:33
  Speaker 1: the sun. It's pitching the technology as part of a
• 1:04:39
  Speaker 1: potential IPO that could value the company. I think SpaceX
• 1:04:43
  Speaker 1: generally at eight hundred billion dollars. We will see. Now,
• 1:04:49
  Speaker 1: none of this is going to be easy, right Deploying
• 1:04:51
  Speaker 1: satellites that provide AI computing capabilities is going to present
• 1:04:56
  Speaker 1: real engineering hurdles and a question of price and how
• 1:05:06
  Speaker 1: many of these can you put up there? You're going
• 1:05:09
  Speaker 1: to have to have swarms of these all connected. But
• 1:05:16
  Speaker 1: given them amount of investment going into AI right now,
• 1:05:19
  Speaker 1: and given the hoodles on Earth for these data centers,
• 1:05:24
  Speaker 1: the hoodles are huge. But now now it looks like
• 1:05:33
  Speaker 1: they're can at least try. And you know, if you've
• 1:05:35
  Speaker 1: got jip bezels and alone mask running companies looking for
• 1:05:40
  Speaker 1: the solution, you've got to believe that they're going to
• 1:05:42
  Speaker 1: have solved this problem. Now. Again, it might turn out
• 1:05:44
  Speaker 1: in the end to be too expensive, but given how
• 1:05:48
  Speaker 1: expensive it is down here, and given the fact that
• 1:05:52
  Speaker 1: to some extense, it's an impossibility down here because the
• 1:05:55
  Speaker 1: only way to do this is to quickly build a
• 1:05:57
  Speaker 1: bunch of small nuclear power plants, or somehow to get
• 1:06:02
  Speaker 1: from somewhere enough natural gas turbines to build a ton
• 1:06:07
  Speaker 1: of natural gas power plants. I don't see how you
• 1:06:10
  Speaker 1: can get enough energy to power these AI facilities. So,
• 1:06:19
  Speaker 1: you know, this is the kind of exciting stuff the
• 1:06:21
  Speaker 1: people are doing in technology. The people are imagining and
• 1:06:25
  Speaker 1: making and then turning into a reality. Just the kind
• 1:06:29
  Speaker 1: of stuff entrepreneurs are working on, you know. So there's
• 1:06:34
  Speaker 1: there's Google is working on this in addition to them.
• 1:06:38
  Speaker 1: You know, a Google executive working on this thinks that
• 1:06:41
  Speaker 1: it will take ten thousand satellites to create the computer
• 1:06:46
  Speaker 1: capacity of a gigawd data center, assuming one hundred kilowatts satellites,
• 1:06:52
  Speaker 1: you know, ten thousands sounds like a lot. It sounds
• 1:06:59
  Speaker 1: like the first demonstration of this is going to happen
• 1:07:01
  Speaker 1: in twenty twenty seven. And of course we know that
• 1:07:06
  Speaker 1: as technology advances, as demand for these things rises, as
• 1:07:11
  Speaker 1: more of these satellites might get built, as competition between start,
• 1:07:15
  Speaker 1: you know, the two space companies, accelerates, prices will drop.
• 1:07:22
  Speaker 1: So it's going to be interesting. It's going to be interesting.
• 1:07:32
  Speaker 1: So yeah, I mean it really looks like Elon Musk
• 1:07:35
  Speaker 1: is all in, so it's got a decent chance of
• 1:07:39
  Speaker 1: becoming a reality. All right, guys, that is the news
• 1:07:44
  Speaker 1: for Thursday, December eleventh. We will have a show tomorrow, Friday,
• 1:07:49
  Speaker 1: December twelfth. It'll be I think it something like three
• 1:07:52
  Speaker 1: pm East Coast time. Maybe maybe a little later, maybe
• 1:07:56
  Speaker 1: a little earlier. We'll see how the day evolves. Let's see,
• 1:08:02
  Speaker 1: we are behind in our goals. We have a first
• 1:08:05
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• 1:08:08
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• 1:08:10
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• 1:08:12
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• 1:08:14
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• 1:08:34
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  Speaker 1: that will, you know, be with you and provide study
• 1:11:42
  Speaker 1: coaching and life coaching as a freebie for being for
• 1:11:46
  Speaker 1: being part of iron rand AOI Live. There are classes
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  Speaker 1: on the three different courses. The professors are amazing. Sign up.
• 1:11:59
  Speaker 1: You can get more information at Inran dot org slash
• 1:12:03
  Speaker 1: start here, Ironran dot oak slash start here, and you
• 1:12:07
  Speaker 1: can get a ten percent discount for being a you
• 1:12:08
  Speaker 1: on book show listener. That's twenty six ybs ten. Twenty
• 1:12:14
  Speaker 1: six ybs ten. All right, or so I want to
• 1:12:20
  Speaker 1: mention handershot wealth dot com slash ybs. Handershot wealth dot
• 1:12:27
  Speaker 1: com slash ybs. They have products that can really save
• 1:12:32
  Speaker 1: some of you, not all of you, some of you
• 1:12:34
  Speaker 1: huge amount of money on your capital gains, taxes, on
• 1:12:38
  Speaker 1: your tax liability if you're about to sell a business,
• 1:12:41
  Speaker 1: or you're about to sell a appreciated stock portfolio or
• 1:12:44
  Speaker 1: just a stock. If you bought in Vidia a long
• 1:12:47
  Speaker 1: time ago and have made a fortune on in video,
• 1:12:49
  Speaker 1: but now you're going to have to share that fortune
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  Speaker 1: with the government. Contact handish out wealth and see if
• 1:12:56
  Speaker 1: you can shield some of that some of that capital
• 1:13:01
  Speaker 1: gains from taxes, maybe all of it. Even you can
• 1:13:07
  Speaker 1: hear an interview that Robert and I do about this.
• 1:13:10
  Speaker 1: You can see it on YouTube on in my playlists
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  Speaker 1: under sponsors the Sponsors playlist. I think you'll enjoy the interview,
• 1:13:20
  Speaker 1: even if you're not. This is not relevant, the product
• 1:13:24
  Speaker 1: is not relevant for you. You'll enjoy the interview. Uh.
• 1:13:27
  Speaker 1: You know, Robert's incredibly smart, very knowledgeable, and and and
• 1:13:30
  Speaker 1: you'll learn a lot about this. This is not about
• 1:13:32
  Speaker 1: a conversion. This is a lot more complex than that
• 1:13:36
  Speaker 1: and really requires that you have a significant amount of
• 1:13:38
  Speaker 1: money at stake. Check it out, Check check out my
• 1:13:41
  Speaker 1: discussion with Robert. Check out understud wealth dot com slash
• 1:13:45
  Speaker 1: webs Finally, also we have Alex Epstein. Alex Epstein is
• 1:13:52
  Speaker 1: the best mind out there, the best advocate out there
• 1:13:56
  Speaker 1: for freedom and energy, uh, for freedom to produce energy.
• 1:14:03
  Speaker 1: He would solve the AI data center problem quite quickly
• 1:14:07
  Speaker 1: and easily. He's an advocate for nuclear and advocate for
• 1:14:11
  Speaker 1: more use of ourself fuels. So check out alex Epstein
• 1:14:18
  Speaker 1: dot subsect dot com, alex Epstein dot subsect dot com.
• 1:14:20
  Speaker 1: And finally, Michael Williams is the owner and the mind
• 1:14:26
  Speaker 1: behind Defenders of Capitalism dot com. Defenders of Capitalism dot
• 1:14:31
  Speaker 1: com a program I'm being involved with for what now
• 1:14:33
  Speaker 1: twenty years or so and where we defend capitalism as
• 1:14:39
  Speaker 1: part of a leadership program with the Rockies in Colorado.
• 1:14:44
  Speaker 1: Michael does a great job of organizing and teaching, organizing
• 1:14:49
  Speaker 1: the program, teaching, inviting speakers like me to come in
• 1:14:52
  Speaker 1: and teach, and it you know, it's unmatched. I don't
• 1:14:57
  Speaker 1: think the program they have their in terms of it's
• 1:14:59
  Speaker 1: the Defensive Capitalism. So check it out Defensive Capitalism dot com.
• 1:15:04
  Speaker 1: All right, Wow, James James has just come in with
• 1:15:09
  Speaker 1: two fifty dollars stickers. Thank you, James. I really really
• 1:15:13
  Speaker 1: really really really appreciate that. That is fantastic. Thank you,
• 1:15:18
  Speaker 1: thank you, thank you. All Right, a couple more announcements,
• 1:15:22
  Speaker 1: few more announcements, and then we'll go on. Then we'll
• 1:15:24
  Speaker 1: start with the with the answering the questions. One if
• 1:15:28
  Speaker 1: you want to become a monthly support of the show,
• 1:15:30
  Speaker 1: which is great because it's predictable. I know exactly what's coming.
• 1:15:34
  Speaker 1: It makes doing the show much much easier. Then please
• 1:15:38
  Speaker 1: consider going to ybs sorry to Patreon dot com and
• 1:15:43
  Speaker 1: checking out your one book show and becoming a monthly supporter.
• 1:15:47
  Speaker 1: That is that is one second on December thirty first,
• 1:15:55
  Speaker 1: I would be doing the Year and show, which will
• 1:15:58
  Speaker 1: be twenty twenty five, Year in a Review, twenty twenty six,
• 1:16:02
  Speaker 1: looking into the future. And we also make it a
• 1:16:06
  Speaker 1: big fundraising show. So this is show in which I
• 1:16:08
  Speaker 1: hope to raise I don't know, fifteen twenty thousand dollars,
• 1:16:12
  Speaker 1: which is pretty crazy if you think about it. Right,
• 1:16:14
  Speaker 1: we're talking about three hundred dollars right now, four hundred
• 1:16:17
  Speaker 1: dollars maybe to raise five hundred dollars in two hours
• 1:16:20
  Speaker 1: to Asia. We'll go four hours, but we're not going
• 1:16:22
  Speaker 1: to raise cold and fifty an hour. The goal there
• 1:16:25
  Speaker 1: is to raise something like five thousand dollars an hour.
• 1:16:29
  Speaker 1: So I'm going to need all of your help, those
• 1:16:32
  Speaker 1: of you on live now, all of you people listening
• 1:16:37
  Speaker 1: by podcast or listening to YouTube after the fact, I
• 1:16:40
  Speaker 1: need you to be like participants. I need you to
• 1:16:43
  Speaker 1: show up and be there, even if it's ten minutes
• 1:16:48
  Speaker 1: enough time to do a super chat and head on
• 1:16:50
  Speaker 1: your way. But it's going to be a fun show.
• 1:16:54
  Speaker 1: It usually is entertaining, it's usually fun. It's usually you know,
• 1:16:58
  Speaker 1: it's New Year's Eve, so we have a good time.
• 1:17:01
  Speaker 1: We need all hands on bak, as Lincoln says, to
• 1:17:05
  Speaker 1: be this. If you listen just on a podcast, try
• 1:17:08
  Speaker 1: to carve out some time that day to come online.
• 1:17:10
  Speaker 1: If you watch the YouTube show after the fact, please
• 1:17:13
  Speaker 1: cove out some time to try to be there live.
• 1:17:16
  Speaker 1: We're going to need everybody, you know, all typically, you know,
• 1:17:20
  Speaker 1: one of my shows are watch by you know, between
• 1:17:24
  Speaker 1: two to three thousand people. The New Year's Eve show
• 1:17:26
  Speaker 1: ultimately is watched by usually over three thousand people. We
• 1:17:29
  Speaker 1: need all those three thousand people to be on live
• 1:17:34
  Speaker 1: at some point during the four hours. The show will
• 1:17:37
  Speaker 1: start at one pm East Coast time and go for
• 1:17:40
  Speaker 1: four hours until five pm and maybe a little longer
• 1:17:43
  Speaker 1: if we need to, right any a little longer, and
• 1:17:46
  Speaker 1: any amount helps. Any amount will help. So don't feel
• 1:17:49
  Speaker 1: like if you can't do five hundred dollars, you can't
• 1:17:51
  Speaker 1: do anything. And look, if you want to do more
• 1:17:53
  Speaker 1: than five hundred dollars, and in the past people have said, look,
• 1:17:56
  Speaker 1: I want to do more than five hundred dollars, and
• 1:17:57
  Speaker 1: YouTube limits us to five hundred dollars. If you want
• 1:18:00
  Speaker 1: to do that, then you can. You can at any
• 1:18:03
  Speaker 1: time between now and the thirty first go to go
• 1:18:08
  Speaker 1: to PayPal, you on book show, or to a Patreon
• 1:18:14
  Speaker 1: and do a one time contribution of whatever amount you
• 1:18:18
  Speaker 1: want to do and I will count it towards our
• 1:18:21
  Speaker 1: New Year's Eve total. But so if you want to
• 1:18:25
  Speaker 1: do a thousand dollars, ten thousand dollars, whatever you want
• 1:18:27
  Speaker 1: to do, I'm not kidding about the ten thousand, then
• 1:18:32
  Speaker 1: you can do it by going to PayPal and just
• 1:18:34
  Speaker 1: making a one time contribution of whatever amount you want
• 1:18:38
  Speaker 1: that is over the five hundred dollars limit that PayPal has,
• 1:18:42
  Speaker 1: so that sorry YouTube has, so please consider doing that
• 1:18:46
  Speaker 1: as well and supporting the show so we can make
• 1:18:51
  Speaker 1: make our targets for the year one more. I've got
• 1:18:54
  Speaker 1: a lot of announcements. We're going to make one more
• 1:18:56
  Speaker 1: and then we'll make the other one tomorrow. I'm gonna
• 1:18:59
  Speaker 1: be in Austin in February, first week in February, and
• 1:19:08
  Speaker 1: I've got some time. So I thought, what if we
• 1:19:13
  Speaker 1: did like some kind of seminar while I'm in Austin,
• 1:19:17
  Speaker 1: so I've done public speaking seminars. So if the people
• 1:19:21
  Speaker 1: out there know a lot of my listeners live in Austin,
• 1:19:23
  Speaker 1: but maybe in Texas more broadly, maybe people would be
• 1:19:26
  Speaker 1: willing to come in. And so here's the question, would
• 1:19:30
  Speaker 1: you be willing to come and participate in a public
• 1:19:33
  Speaker 1: speaking seminar? The price for something like that would probably
• 1:19:37
  Speaker 1: be you know, five six, you know, probably somewhere between
• 1:19:41
  Speaker 1: four to six hours, and a public speaking seminar would
• 1:19:45
  Speaker 1: probably be something like seven out and fifty dollars a person,
• 1:19:49
  Speaker 1: and it will be small. All of these things I'm
• 1:19:52
  Speaker 1: going to suggest they're going to be small. So lots
• 1:19:54
  Speaker 1: of one on one time available. So if you you're interested,
• 1:20:01
  Speaker 1: please drop me an email, you run at your on
• 1:20:03
  Speaker 1: bookshow dot com. You run at your on bookshow dot
• 1:20:06
  Speaker 1: com if you're interested. Now, the other option, instead of
• 1:20:09
  Speaker 1: doing a public speaking seminar, we could do a seminar.
• 1:20:14
  Speaker 1: We could do something like a super chat. We could
• 1:20:19
  Speaker 1: do we could do a like four or five hours
• 1:20:23
  Speaker 1: with a small group like eight people, ten people. Each
• 1:20:27
  Speaker 1: one of you submit a certain number of questions in
• 1:20:29
  Speaker 1: advance and then I'll answer questions live with you and
• 1:20:34
  Speaker 1: interact and it won't be just me answering the question,
• 1:20:36
  Speaker 1: but you can ask follow ups and we can get
• 1:20:38
  Speaker 1: into a discussion about it, and we can actually have
• 1:20:41
  Speaker 1: like little seminars on this. But you get to some
• 1:20:44
  Speaker 1: of the topics, it'll be the eight people there who
• 1:20:47
  Speaker 1: write the topics again probably charge something like five hundred
• 1:20:51
  Speaker 1: dollars or something like that per person. But if you
• 1:20:53
  Speaker 1: would be interested in something like that, drop me an email.
• 1:20:56
  Speaker 1: So if you're interested in coming to either one of
• 1:20:58
  Speaker 1: these over them at anything else. If you have another
• 1:21:03
  Speaker 1: idea of another kind of seminar that I could give
• 1:21:05
  Speaker 1: something on capitalism, lots of things, right, then say yes,
• 1:21:10
  Speaker 1: I'll come to Austin or I'm in Austin. I'm willing
• 1:21:12
  Speaker 1: to pay, and this is the topics I'm interested in
• 1:21:18
  Speaker 1: public speaking, Q and A, capitalism, whatever you know, or
• 1:21:22
  Speaker 1: just one of the topics. And then maybe I'll do
• 1:21:26
  Speaker 1: one seminar if there's enough demand, maybe I'll do two seminos.
• 1:21:28
  Speaker 1: We'll see, and you know, we'll do it in Austin.
• 1:21:32
  Speaker 1: It's the first week in fibruarlso be giving a talk
• 1:21:36
  Speaker 1: in Austin that week on the Thursday night, I'll be
• 1:21:41
  Speaker 1: giving a talk at the University of Texas in Austin.
• 1:21:45
  Speaker 1: More information about that will be later. And yeah, so
• 1:21:56
  Speaker 1: let me know if you'd like to do a public
• 1:21:58
  Speaker 1: speaking or you and A like seminar, or if you'd
• 1:22:02
  Speaker 1: let you know Q and A, will we just we
• 1:22:04
  Speaker 1: hang out and I answer questions or capitalism seminar, you
• 1:22:08
  Speaker 1: know how to defend capitalism? Four hours on how to
• 1:22:10
  Speaker 1: defend capitalism? Any one of those topics. Happy to do
• 1:22:13
  Speaker 1: it again between five hundred and seven hundred fifty dollars.
• 1:22:18
  Speaker 1: It would be the cost. And I won't go more
• 1:22:21
  Speaker 1: than ten people. No more than ten people, So it'll
• 1:22:23
  Speaker 1: be a small group. It'll be fun and it'll be
• 1:22:26
  Speaker 1: it'll be great. It'd be great time to interact buses.
• 1:22:34
  Speaker 1: You need to share the names of the top ten
• 1:22:36
  Speaker 1: YouTube contributors to twenty twenty five. I wonder if I'm there.
• 1:22:40
  Speaker 1: YouTube won't give me that info. I wish YouTube gave
• 1:22:43
  Speaker 1: me that info, and I don't have it, but I
• 1:22:47
  Speaker 1: could pretty much gemantee balls that you are not there, Sally,
• 1:22:53
  Speaker 1: your way down on the list, Like you know, Michael
• 1:22:58
  Speaker 1: is going to be there. Although Michael's not here today.
• 1:23:01
  Speaker 1: Andrew would be there, Wes would be there, of course,
• 1:23:05
  Speaker 1: Troy from Australia would be there. And you know, we've
• 1:23:08
  Speaker 1: got a bunch of other people buzz. Yeah, not the
• 1:23:12
  Speaker 1: top ten, maybe in the top hundred, all right, but
• 1:23:18
  Speaker 1: you know there's still time, exactly, there is still time.
• 1:23:21
  Speaker 1: There's still time. I think if you did five hundred
• 1:23:23
  Speaker 1: dollars every show between now and the thirty first you
• 1:23:26
  Speaker 1: could you could top the list. Yeah, I think I
• 1:23:30
  Speaker 1: think you can. You would definitely be in the top ten.
• 1:23:37
  Speaker 1: All right, guys, thank you. In the meantime, you guys
• 1:23:41
  Speaker 1: have come through, so we're in much better shape, but
• 1:23:43
  Speaker 1: still a ways to go to get to the second
• 1:23:47
  Speaker 1: hour goal. There's more gifting going on, more more. Oh, buzz,
• 1:23:52
  Speaker 1: you got a member a membership gift. Look at that
• 1:23:56
  Speaker 1: it buzz got a membership gift. So okay, we've got
• 1:23:58
  Speaker 1: gifting going on and members ships. We'll have a members
• 1:24:01
  Speaker 1: only show on Sunday. Now that you're a member, you
• 1:24:04
  Speaker 1: can also go and access all the members only shows
• 1:24:06
  Speaker 1: that have done in the past and you can listen
• 1:24:08
  Speaker 1: to them all. What do we want to say that
• 1:24:12
  Speaker 1: we still have about one hundred dollars to go to
• 1:24:19
  Speaker 1: one hundred and forty three dollars to go, sorry, one
• 1:24:22
  Speaker 1: hundred and forty three dollars to go to get to
• 1:24:24
  Speaker 1: our five hundred dollars second hour goal. I thought I
• 1:24:29
  Speaker 1: changed that a five hundred hundred to get back to
• 1:24:31
  Speaker 1: seven to fifty A right, there we go. That's better.
• 1:24:34
  Speaker 1: So one hundred and forty three dollars to go? All right?
• 1:24:36
  Speaker 1: Let us start with fifty dollars? Did I thank everybody?
• 1:24:40
  Speaker 1: I thank James for his one hundred dollars. That's that's great, Lan,
• 1:24:44
  Speaker 1: thank you. I really appreciate the sticker, and I think
• 1:24:48
  Speaker 1: I got everybody else all right, Andrew, fifty dollars A
• 1:24:52
  Speaker 1: point inspired by your excellent analysis a Piers Morgan Foenttis
• 1:24:55
  Speaker 1: interview appeasing annihilist destroys their pisa. If due to naivete
• 1:25:01
  Speaker 1: or fear, one gives a nihilist and all the branch,
• 1:25:04
  Speaker 1: he will use it to bring one to your knees
• 1:25:07
  Speaker 1: over time. Absolutely, remember, you can't shame a nihilist, You
• 1:25:12
  Speaker 1: can't embarrass a nihilist. You can't catch him at a lie,
• 1:25:16
  Speaker 1: you can't catch him at a contradiction. You know, all
• 1:25:22
  Speaker 1: of those things are just yeah. I contract myself. So
• 1:25:25
  Speaker 1: what that's exactly what we nihilists do. I lie, Yeah,
• 1:25:29
  Speaker 1: I lie all the time, big deal. I changed my mind, sure,
• 1:25:36
  Speaker 1: absolutely all the time. But I'm not telling you which
• 1:25:39
  Speaker 1: one of my minds is the one that I really think.
• 1:25:44
  Speaker 1: There's no gotcha for a nihilist. The only thing you
• 1:25:51
  Speaker 1: can do, hope to do, is to show that he
• 1:25:55
  Speaker 1: has nothing positive to offer the world, no positive values
• 1:26:00
  Speaker 1: to fight for, no positive vision under which we should live,
• 1:26:07
  Speaker 1: that he has no productive, constructive project. That's all you
• 1:26:17
  Speaker 1: can hope to do. And that's tough because, again, particularly
• 1:26:20
  Speaker 1: if Fuentas he's smart, he's really really smart, the best
• 1:26:25
  Speaker 1: thing is to ignore him, or to show his contradictions
• 1:26:32
  Speaker 1: to the better people so that they see it, to
• 1:26:36
  Speaker 1: show his lies to people who care, but not in
• 1:26:40
  Speaker 1: front of him, because he'll just twist them and make
• 1:26:43
  Speaker 1: them funny and make them entertaining and make you look
• 1:26:46
  Speaker 1: like a fool. Buzz Thank you for the sticker. It's
• 1:26:51
  Speaker 1: going to take a lot of stickers like that to
• 1:26:53
  Speaker 1: get you into the top ten. But you know I've
• 1:26:56
  Speaker 1: got time. I'm patient, all right, not to have an algorithm.
• 1:27:07
  Speaker 1: Why don't we have any charismatic free market people other
• 1:27:10
  Speaker 1: than Malay. With a strong personality and the wrong ideas,
• 1:27:15
  Speaker 1: Mega has gotten pretty far. Imagine a strong personality with
• 1:27:18
  Speaker 1: the right ideas, we would be unstoppable. No, we would not.
• 1:27:23
  Speaker 1: This is not about personality. This is not about so
• 1:27:26
  Speaker 1: called charisma. Milay was successful on Argentina because he took
• 1:27:32
  Speaker 1: He was in a country there was desperate on its knees,
• 1:27:38
  Speaker 1: willing to be radical because it had no option, because
• 1:27:41
  Speaker 1: it was dying. America is not dying. America has lots
• 1:27:48
  Speaker 1: of options. And the reason Mago's successful is not because
• 1:27:52
  Speaker 1: of personality. The reason MAGO is successful because it plays
• 1:27:57
  Speaker 1: on the philosophy of the culture. It plays on the religion,
• 1:28:03
  Speaker 1: It plays on the conspiracies theories that already existed. It
• 1:28:07
  Speaker 1: plays on emotionalism. Objectivism is not taking off because it's
• 1:28:15
  Speaker 1: way too challenging. We're telling people to reject their religion
• 1:28:26
  Speaker 1: to embrace a morality of self interest that is about
• 1:28:29
  Speaker 1: as foreign as bizarre science fiction stuff anybody's ever heard.
• 1:28:35
  Speaker 1: We're telling them to embrace Lazefi capitalism, which nobody supports.
• 1:28:41
  Speaker 1: That's crazy radical stuff, so it has nothing to do.
• 1:28:47
  Speaker 1: We could be the most charismatic, best marketing people in
• 1:28:51
  Speaker 1: the world. Maybe we'd be growing a little bit faster
• 1:28:56
  Speaker 1: than we are right now, but not by a huge amount.
• 1:29:07
  Speaker 1: All right, let's see, Andrew. It has always fascinated me
• 1:29:18
  Speaker 1: that Rand said that sense of life was preconceptual. It
• 1:29:24
  Speaker 1: seems to imply forming a deep general attitude about the
• 1:29:27
  Speaker 1: universe based on perception. Is that right? Well, it's based
• 1:29:38
  Speaker 1: on not having a full understanding of what you're doing,
• 1:29:44
  Speaker 1: a coming to conclusions about the world, about life, about
• 1:29:53
  Speaker 1: yourself before you have the full conceptual ability to think
• 1:30:03
  Speaker 1: it through, to introspect, to really logically rationally pass it out,
• 1:30:10
  Speaker 1: make it fully conceptual. And we know this. Children come
• 1:30:14
  Speaker 1: to all kinds of conclusions all the time. You don't
• 1:30:18
  Speaker 1: want to say that just on the perceptual level, but
• 1:30:20
  Speaker 1: they're not quite conceptual. They're not reasoning it through. There's
• 1:30:26
  Speaker 1: some way in between. And that's also the time in
• 1:30:29
  Speaker 1: which we create our sense of life. It's based on
• 1:30:38
  Speaker 1: the the you know, the emotions which are based on
• 1:30:42
  Speaker 1: the conclusions that we come to as we are growing up,
• 1:30:46
  Speaker 1: as we are making ourselves into what we are. Emotions
• 1:30:52
  Speaker 1: come from conclusions, not from necessarily thought, not thought in
• 1:30:56
  Speaker 1: the fully When she means conceptual. She means a logical
• 1:31:01
  Speaker 1: rational argument. Four. So a dog attacks me when I'm three.
• 1:31:06
  Speaker 1: It doesn't really bite me. It just jumps on me
• 1:31:08
  Speaker 1: and it balks a lot. And I look at the
• 1:31:11
  Speaker 1: dog and I say, ooh, dog, scary, hurt me. I mean,
• 1:31:18
  Speaker 1: that's those all concepts, right, But it's not a fully
• 1:31:21
  Speaker 1: thought out thing. And I go, Doug's bad. That's a
• 1:31:24
  Speaker 1: conclusion I come to. Now. I develop an emotion of
• 1:31:27
  Speaker 1: fear every time I see a dog. Maybe right, but
• 1:31:31
  Speaker 1: that's how it would work. And then so I no,
• 1:31:40
  Speaker 1: I step back every time I see a dog. And
• 1:31:44
  Speaker 1: that's now a little bit of part of my emotional baggage.
• 1:31:49
  Speaker 1: Sense of life is a lot of that, and you know,
• 1:31:54
  Speaker 1: building up as we grow as we go and now,
• 1:31:59
  Speaker 1: and that might be when I'm three, but something might
• 1:32:01
  Speaker 1: happen when I'm eight. I look around and I see
• 1:32:05
  Speaker 1: skyscrapers and I go, oh, wow, cool, those are really cool.
• 1:32:12
  Speaker 1: Those skyscrapers. Wow, it took people. That was hard to build.
• 1:32:15
  Speaker 1: That's amazing. Touches the sky cool. I mean, that's not
• 1:32:19
  Speaker 1: a fully thought out what it is, but it's you know,
• 1:32:30
  Speaker 1: it's you have to say, it's preconceptual, but it's it's
• 1:32:33
  Speaker 1: the right conclusion and it's gonna, you know, play into
• 1:32:39
  Speaker 1: you know, what your emotions are going to be, and
• 1:32:41
  Speaker 1: ultimately into your sense of life. But sense of life
• 1:32:45
  Speaker 1: is not an easy concept at all to grasp. Understand, Lourie,
• 1:32:54
  Speaker 1: I'm looking for a new car. Why do you what
• 1:32:56
  Speaker 1: do you think about Audi's? Research says they're expensive to maintain.
• 1:33:01
  Speaker 1: So I owned an Audi for god, how many years
• 1:33:05
  Speaker 1: did I own my Audi? I don't know, six seven years.
• 1:33:08
  Speaker 1: I had two Audi's, same model. I loved the car,
• 1:33:12
  Speaker 1: you know, so I bought I think I leased the
• 1:33:14
  Speaker 1: first one and then I released it, or I bought
• 1:33:16
  Speaker 1: a NW one or whatever. I think the beautiful cause
• 1:33:21
  Speaker 1: Audi pays a huge amount of attention to the details.
• 1:33:26
  Speaker 1: Look all German cause expensive to maintain. I think Audi
• 1:33:30
  Speaker 1: is probably cheaper than BMW's to maintain. But there's not
• 1:33:32
  Speaker 1: a lot of maintenance. I think if you buy a
• 1:33:36
  Speaker 1: new Audi, the first couple of years of maintenance a
• 1:33:39
  Speaker 1: free kind of the standard maintenance. They don't break down,
• 1:33:42
  Speaker 1: I mean almost no cause breakdown anymore. New cause breakdown anymore.
• 1:33:49
  Speaker 1: They drive, you know, BMW is a little too particularly
• 1:33:55
  Speaker 1: if you're not into sports cars. The little too spotty
• 1:33:58
  Speaker 1: and the suspension is a little too rough if you're
• 1:34:01
  Speaker 1: also commuting, if you're also using the crowd of community,
• 1:34:04
  Speaker 1: Mercedes are too soft. Audi's like just the right balance
• 1:34:08
  Speaker 1: between really sporty and comfortable, and you can always put
• 1:34:12
  Speaker 1: them in sports mode and then they become like BMW's.
• 1:34:16
  Speaker 1: I love my Audi. At a two do Audi S
• 1:34:18
  Speaker 1: five there was just gorgeous red interior, kind of dark
• 1:34:24
  Speaker 1: gray exterior grayish greenish. Yeah, great car, great car. So
• 1:34:34
  Speaker 1: I haven't seen the latest Audi's interiors. Last time I
• 1:34:38
  Speaker 1: had an Audi was I sold my Audi in twenty eighteen.
• 1:34:43
  Speaker 1: I think maybe something like that. When I moved to
• 1:34:45
  Speaker 1: Puerto Rico, I sold my Audi. So I don't have
• 1:34:48
  Speaker 1: an Audi anymore. Jennifer, you're on. I have only seen
• 1:34:54
  Speaker 1: you drink a little a couple of times, and I
• 1:34:57
  Speaker 1: think I remember that it seemed to enhance your normal
• 1:35:00
  Speaker 1: the witty self. I don't think that's true. I think
• 1:35:06
  Speaker 1: it's just that the setting is. You know, if I drink,
• 1:35:10
  Speaker 1: I usually I am drinking over dinner and the setting is
• 1:35:13
  Speaker 1: a relaxing setting. And I think it's just the relaxing
• 1:35:16
  Speaker 1: because you know, you become more relaxed than Therefore, maybe
• 1:35:21
  Speaker 1: I become wittier. Maybe that's the case. I don't think
• 1:35:24
  Speaker 1: it's the alcohol. I don't get a sense that the alcohol, uh,
• 1:35:29
  Speaker 1: that the alcohol would affect it, Robert Gorman says, and
• 1:35:33
  Speaker 1: he knows right, He says, a sort of a real experience, uh,
• 1:35:37
  Speaker 1: that I would become a great Communist Party Chinese Communist
• 1:35:42
  Speaker 1: Party big wig, because they all drive black outis. But
• 1:35:46
  Speaker 1: I don't like black cars generally. Yeah, I want to
• 1:35:49
  Speaker 1: I want color, right, I want I wanna I want
• 1:35:52
  Speaker 1: my gray or red with red interior. I want I
• 1:35:56
  Speaker 1: want a red OUTI or something like that. But you know, yeah,
• 1:36:00
  Speaker 1: I mean that would be cool to be a Chinese
• 1:36:02
  Speaker 1: Communist Party big week. That would be that would be
• 1:36:05
  Speaker 1: kind of cool. Yeah, Audi's Audi is a great cause.
• 1:36:11
  Speaker 1: So you have to give you have to give the
• 1:36:14
  Speaker 1: Chinese Communist Party, I guess, credit for having good taste
• 1:36:17
  Speaker 1: and cause. All right, let's see what do we have.
• 1:36:24
  Speaker 1: So now we're about one hundred dollars short of our
• 1:36:26
  Speaker 1: five hundred dollars goal. So thank you. We keep chipping
• 1:36:28
  Speaker 1: away with this. This is great. Andrew likes Jaguars. Nah,
• 1:36:34
  Speaker 1: now Jaggers are not well made, cause I don't think Again,
• 1:36:37
  Speaker 1: my experience is jagguars is very old, so maybe they're better. Now.
• 1:36:41
  Speaker 1: Look all the waymos, all the weymos are jaguars. All
• 1:36:45
  Speaker 1: the waymos are jaguars. And uh, they obviously are incredibly dependable.
• 1:36:51
  Speaker 1: They do a lot of miles and they have no drivers.
• 1:36:55
  Speaker 1: So I'm trying to think of a you know, I
• 1:36:59
  Speaker 1: have an I have and really looked into buying a
• 1:37:02
  Speaker 1: car in a long long time. So, uh, Lincoln has
• 1:37:05
  Speaker 1: a red W beetle. Oh wow, there's a VW beetle. Okay,
• 1:37:12
  Speaker 1: that doodle bunny. Since we're moving so far away from capitalism,
• 1:37:17
  Speaker 1: shouldn't we be getting poorer every generation, not richer. No,
• 1:37:22
  Speaker 1: because we're still We've still got enough freedom that we
• 1:37:28
  Speaker 1: can still grow nowhere knee potential nowhere as much as
• 1:37:32
  Speaker 1: we should, but we can grow the reality is that
• 1:37:37
  Speaker 1: as we move away from capitalism, if you will, the
• 1:37:40
  Speaker 1: distribution of wealth in our world becomes less just there's
• 1:37:46
  Speaker 1: much more corruption, a lot of entrepreneurs that would be
• 1:37:50
  Speaker 1: successful or not. But we're not yet at the level
• 1:37:53
  Speaker 1: where we would become poorer. I mean, look at Europe,
• 1:37:57
  Speaker 1: I mean, most European countries are growing, are becoming rich
• 1:38:00
  Speaker 1: very slowly, but they're not shrinking. China is becoming richer.
• 1:38:06
  Speaker 1: So it doesn't take a lot of freedom to grow economically.
• 1:38:10
  Speaker 1: It takes some, but not a lot. You have to
• 1:38:13
  Speaker 1: really clam down on freedom to actually cause a shrinkage
• 1:38:19
  Speaker 1: of the economy. Now, of course, we're also setting ourselves
• 1:38:23
  Speaker 1: up with a potential economic catastrophe like a major accession
• 1:38:29
  Speaker 1: or depression, which would make us poorer. But I don't
• 1:38:32
  Speaker 1: see that anywhere in the near future. Liam Trump isn't important.
• 1:38:39
  Speaker 1: The system is the system, purpose is the protection of
• 1:38:43
  Speaker 1: individual rights. Trump has made it explicitly clear this system
• 1:38:47
  Speaker 1: no longer exists. Yeah, I mean, that's what makes Trump importance.
• 1:38:51
  Speaker 1: What makes Trump important is these that he is eviscerating
• 1:38:55
  Speaker 1: the system, and by doing so, he is making himself important,
• 1:39:03
  Speaker 1: you know, maybe one of the most influential consequential presidents
• 1:39:10
  Speaker 1: in American history. That for sure. That for sure. Trump
• 1:39:17
  Speaker 1: is apparently allowing the construction of ten new nuclear power
• 1:39:20
  Speaker 1: plants in the US. Is this Alex Epstein's influence. Yeah,
• 1:39:25
  Speaker 1: to some extent. I'm sure it's Alex's influence. There are
• 1:39:29
  Speaker 1: a lot of other people. There's a lot of money
• 1:39:33
  Speaker 1: trying to influence this, but a lot of it is
• 1:39:36
  Speaker 1: become ballsier, become more confident, become has more confidence because
• 1:39:41
  Speaker 1: of Alex. But I'm also not yet. I haven't yet
• 1:39:46
  Speaker 1: seen the actual permissions being given for ten new nuclear
• 1:39:51
  Speaker 1: pop plans. That is the speculation about that, the plans,
• 1:39:56
  Speaker 1: it's in the it's a motion, all of this, but
• 1:39:59
  Speaker 1: actually happening. We will see. I'm waiting to see construction start,
• 1:40:05
  Speaker 1: not to have his algorithm. How's Mila doing? Does he
• 1:40:08
  Speaker 1: have the votes for more radical market reforms? Yes, so
• 1:40:12
  Speaker 1: I think he's doing well. I don't know that the
• 1:40:13
  Speaker 1: market reforms are being in place put in place yet.
• 1:40:17
  Speaker 1: I'm not sure the new parliament is in office. It
• 1:40:19
  Speaker 1: might only come in January one, I don't know. But yeah,
• 1:40:23
  Speaker 1: he's all the pieces in play for next year to
• 1:40:26
  Speaker 1: be a really radical year in Argentina. I'm looking forward
• 1:40:29
  Speaker 1: to it, Bonnie. Any link of Elliott management and Trump
• 1:40:34
  Speaker 1: Tanker seizure, not that I know of. I don't know
• 1:40:39
  Speaker 1: of any link. Happa Campbell was has humanity outgrown communism Nazism?
• 1:40:48
  Speaker 1: We just haven't figured out how to advance from mixed
• 1:40:51
  Speaker 1: economy quasi fascism. People will tolerate a putin Ukshi. They
• 1:40:57
  Speaker 1: won't tolerate Hitler installed in two point zero. I mean,
• 1:41:01
  Speaker 1: I hope that is true. I'm not one hundred percent
• 1:41:04
  Speaker 1: sure that is true, but I hope that is true,
• 1:41:09
  Speaker 1: and you know, so they'll tolerate like this, make sure.
• 1:41:15
  Speaker 1: I think the advantage of particularly Akshi may be a
• 1:41:18
  Speaker 1: putin is that they can still grow the economy in
• 1:41:21
  Speaker 1: spite of being authoritarian, at least for a while, and
• 1:41:25
  Speaker 1: people value living in a place that's getting richer. James,
• 1:41:32
  Speaker 1: does Trump have an authoritarian project or is it the
• 1:41:38
  Speaker 1: evil people around him steering him towards particular policies. I
• 1:41:43
  Speaker 1: definitely think Trump is an authoritarian by temperament, by you know,
• 1:41:52
  Speaker 1: just by his beliefs, by his every fiber's body is authoritarian.
• 1:41:59
  Speaker 1: I think that the way it manifests itself is guy
• 1:42:03
  Speaker 1: is because I don't think he's particularly intelligent or he
• 1:42:06
  Speaker 1: cares that much. I think is dictated by the people
• 1:42:09
  Speaker 1: around him who have a plan, who have a project,
• 1:42:12
  Speaker 1: and who are thinking also how Trump can do things
• 1:42:16
  Speaker 1: that are going to set up the next president perfectly
• 1:42:20
  Speaker 1: to take it to the next level. In a much
• 1:42:22
  Speaker 1: more thoughtful way. So Trump is setting JD. Van's up
• 1:42:27
  Speaker 1: to be much more ruthless in a sense of a
• 1:42:34
  Speaker 1: real plan of authoritarianism. And I think the people around
• 1:42:38
  Speaker 1: him are setting that up by creating particular policies, by
• 1:42:44
  Speaker 1: tearing the system down. Trump just is a thug. He
• 1:42:49
  Speaker 1: just wants what he wants. He's not more than that. Andrew,
• 1:42:54
  Speaker 1: have the civil libertarians ultimately failed to safeguard our civil rights?
• 1:42:58
  Speaker 1: If so, why were they not up to the task. Well,
• 1:43:04
  Speaker 1: because because once the American people start valuing our civil rights,
• 1:43:14
  Speaker 1: those rights would go away. Once they start valuing those rights,
• 1:43:19
  Speaker 1: the political class won't feel like they have to abide
• 1:43:24
  Speaker 1: by them. And to really defend those rights you need
• 1:43:29
  Speaker 1: a proper philosophy, and the civil libertarians never had that.
• 1:43:34
  Speaker 1: So no, our civil rights are eroting, clearly evoting, and
• 1:43:39
  Speaker 1: they will continue to erode under this administration and future administrations.
• 1:43:44
  Speaker 1: There's just nobody to stand up for them. Cstn fuck
• 1:43:52
  Speaker 1: who Hi doctor Brook You mentioned some features of capitalism
• 1:43:59
  Speaker 1: that are hard to asure in economic terms, running water
• 1:44:02
  Speaker 1: and electricity. Also want to point out Google maps in
• 1:44:05
  Speaker 1: real time translation? Yeah, absolutely, I mean you can measure
• 1:44:09
  Speaker 1: them in dollars, Like what's Google Maps worth to you?
• 1:44:14
  Speaker 1: We don't know because you never bought it, it's always
• 1:44:16
  Speaker 1: been offered for free. Or search Google Search, or real
• 1:44:21
  Speaker 1: time translation. All these things are unbelievably valuable. They enhance
• 1:44:25
  Speaker 1: our life, Yet as economists, we don't have any way
• 1:44:29
  Speaker 1: to measure their real value to our lives. And that's
• 1:44:33
  Speaker 1: why our lives are even better than the numbers would suggest,
• 1:44:38
  Speaker 1: because we don't know how to measure the things that are,
• 1:44:40
  Speaker 1: to some extent, the most important things that capitalism has
• 1:44:44
  Speaker 1: provided us. Crypto fanatic, how can Foentis, despite being banned
• 1:44:51
  Speaker 1: from everything, achieves greater impact in ten years than the
• 1:44:54
  Speaker 1: entire objectivist movement in sixty because he's playing to the crowd.
• 1:45:02
  Speaker 1: He's playing to the audience. He hasn't he hasn't achieved anything.
• 1:45:12
  Speaker 1: He's got a big crowd, and he has an impact.
• 1:45:17
  Speaker 1: But that impact is nihilistic, and nihilism sells objectivism, doesn't.
• 1:45:23
  Speaker 1: I mean, I don't know you're comparing, you're comparing a
• 1:45:28
  Speaker 1: philosophy to an anti philosophy. Well, it turns out that
• 1:45:32
  Speaker 1: given the culture, given a progressive education, given uh, you know,
• 1:45:40
  Speaker 1: the state of philosophy over the last two hundred years.
• 1:45:43
  Speaker 1: Given the mixed economy, nihilistic ideas sell more than philosophical ones.
• 1:45:49
  Speaker 1: I don't know why that surprises anybody. And I know
• 1:45:53
  Speaker 1: a question like this is meant to say, you know
• 1:45:57
  Speaker 1: your objectives and failures in some way, no or not.
• 1:46:01
  Speaker 1: You know, the Nazis are one most successful than objectivists.
• 1:46:04
  Speaker 1: They actually ruled the country. They did it very quickly.
• 1:46:07
  Speaker 1: You know, objectivism has been around for a long long time.
• 1:46:10
  Speaker 1: Amount of count has been far more successful than objectivism.
• 1:46:16
  Speaker 1: Postmodernism has been more successful in objectivism. Socialism has been
• 1:46:21
  Speaker 1: more successful in objectivism. Yeah, because they're all cater to
• 1:46:27
  Speaker 1: the existing philosophy. They all cater to Christianity basically, So yeah,
• 1:46:32
  Speaker 1: it's easy being them. It's harder to be revolutionary. Frantasies
• 1:46:38
  Speaker 1: are nothing. Objectivism is a revolutionary philosophy. It challenges every
• 1:46:45
  Speaker 1: idea that people hold. And I know some of you
• 1:46:51
  Speaker 1: think that it should be easy to convince people. If
• 1:46:53
  Speaker 1: only we had the right charismatic people, if only we
• 1:46:55
  Speaker 1: had the right humor, if ally we did short videos,
• 1:46:59
  Speaker 1: if only we did vended Pepper the fog i phony,
• 1:47:01
  Speaker 1: wead whatever we would succeed. Bullshit. All of that is bullshit,
• 1:47:05
  Speaker 1: and it shows and lack of understanding of the role
• 1:47:08
  Speaker 1: of ideas in man's mind, a lack of understanding the
• 1:47:11
  Speaker 1: role of ideas in history, how ideas work, how ideas function,
• 1:47:16
  Speaker 1: and what ideas actually how they work in the culture.
• 1:47:24
  Speaker 1: Not to say that everything that the objective's movement has
• 1:47:28
  Speaker 1: done is being perfect or one hundred percent or optimal
• 1:47:33
  Speaker 1: or anything like that, probably hasn't. But to compare us
• 1:47:39
  Speaker 1: to Frentis is a joke. Andrew. If a character of
• 1:47:45
  Speaker 1: literature is given the characteristics of God, he'd be a villain. Yeah. Yeah,
• 1:47:51
  Speaker 1: I mean somebody who wants you to sacrifice for him,
• 1:47:55
  Speaker 1: somebody who wants you to who judges you base don
• 1:48:00
  Speaker 1: how much you supplicate yourself to him. Yeah, I mean,
• 1:48:04
  Speaker 1: certainly a villain. God is a villain for Lincoln. Lincoln,
• 1:48:11
  Speaker 1: I'm a little worried about how much money you're spending
• 1:48:13
  Speaker 1: on the super chats, given that you're a student and
• 1:48:16
  Speaker 1: given your plans, so you know, I don't know what
• 1:48:19
  Speaker 1: your financials are, but I'm just gonna express my concern
• 1:48:23
  Speaker 1: and then you can do with it what you want.
• 1:48:27
  Speaker 1: Lincoln says, for finishing my first semester of college. Well,
• 1:48:30
  Speaker 1: three point five GPA on a college admission and hopefully
• 1:48:33
  Speaker 1: AOI incubated acceptance. I found out, I find out in
• 1:48:37
  Speaker 1: a few days. Good luck and congratulations on the good stuff. Hope,
• 1:48:42
  Speaker 1: hope you get what you want in terms of what
• 1:48:46
  Speaker 1: you find out in a few days. Lincolns is definitely
• 1:48:50
  Speaker 1: looking into moving to Austin after college. Tucson is a
• 1:48:54
  Speaker 1: nice area like Austin, and it's a college town dominated
• 1:48:57
  Speaker 1: by state college, but there's no tech sector or art
• 1:49:01
  Speaker 1: music scene like Austin. Austin has cheaper rents since their
• 1:49:06
  Speaker 1: housing bubble deflated. Seven and fifty dollar rent in Austin, now, well,
• 1:49:11
  Speaker 1: I mean that's for a pretty small place, would be
• 1:49:13
  Speaker 1: my guess. I remember paying four hundred dollars a month
• 1:49:18
  Speaker 1: rent in Austin for a two and a half bedroom,
• 1:49:24
  Speaker 1: two and a half bedroom place had a master bedroom,
• 1:49:28
  Speaker 1: a kid's bedroom, and a closed off balcony which became
• 1:49:35
  Speaker 1: my office. And we lived there and loved that little
• 1:49:39
  Speaker 1: apartment all right. A room says, just came back from Bangkok.
• 1:49:43
  Speaker 1: Loved it. Good food available better than the US. Yeah,
• 1:49:46
  Speaker 1: the food and bank looks amazing. Can you speak more
• 1:49:49
  Speaker 1: towards the dominant philosophy and political economy forecast of the country.
• 1:49:52
  Speaker 1: Good place to move well. I mean, they've involved in
• 1:49:55
  Speaker 1: a kind of a military struggle right now with Cambodia,
• 1:49:59
  Speaker 1: which is no good. It's a very politically, very unstable place.
• 1:50:06
  Speaker 1: They have a monarch who is symbolic but who can
• 1:50:10
  Speaker 1: pull the strings in the background if he doesn't like
• 1:50:12
  Speaker 1: a government. They have a very active military that sometimes
• 1:50:15
  Speaker 1: overthrows the government. They have a generally, you know, a
• 1:50:22
  Speaker 1: good respect for property rights and things like that, but
• 1:50:23
  Speaker 1: it's also quite corrupt. So if you pay the right people,
• 1:50:26
  Speaker 1: you get what you want. Yeah, I mean, I don't
• 1:50:32
  Speaker 1: know a lot about Thailand. It's it's growing economically, although
• 1:50:37
  Speaker 1: economic growth has declined significantly over the last few years
• 1:50:41
  Speaker 1: and it's only growing in one or two percent, not
• 1:50:45
  Speaker 1: significant for country that poor. They should be going at
• 1:50:48
  Speaker 1: five six ten a year. Education is not big there.
• 1:50:54
  Speaker 1: There's still immense poverty in the countryside. People incredibly friendly
• 1:51:00
  Speaker 1: in spite of the poverty. So it's in that sense
• 1:51:03
  Speaker 1: it's a great place. The food is fantastic, it's cheap
• 1:51:06
  Speaker 1: to live there. You could be you could be a
• 1:51:09
  Speaker 1: really good you know, a digital nomn there for a while,
• 1:51:14
  Speaker 1: I think, But but yeah, you know, it's it's it's
• 1:51:19
  Speaker 1: you know, I don't know. The police are probably quite corrupt.
• 1:51:22
  Speaker 1: I've read some novels about it. I forget the names
• 1:51:25
  Speaker 1: of the novels about Thailand, which will really interesting. Buddhism
• 1:51:29
  Speaker 1: plays a big role there, Buddhist philosophy, this suddenly element
• 1:51:33
  Speaker 1: of passivity I told you about. I think last time
• 1:51:36
  Speaker 1: we talked about last show something about kind of a
• 1:51:40
  Speaker 1: lot of prostitution, partially because they have a very loose
• 1:51:45
  Speaker 1: attitude towards sex that I think comes from the Buddhism.
• 1:51:51
  Speaker 1: But yeah, real sex culture and sex shows and clubs
• 1:51:56
  Speaker 1: and prostitutions is cheap and easy and beautiful goals and
• 1:52:01
  Speaker 1: you know. But but also but again also like lady
• 1:52:05
  Speaker 1: boys and and all kinds of stuff, you can pretty
• 1:52:08
  Speaker 1: much get anything you want, sou but it's it's colorful,
• 1:52:17
  Speaker 1: it's bright. I mean, I find that people incredibly. The
• 1:52:20
  Speaker 1: best service I've ever had is at a in a
• 1:52:23
  Speaker 1: Thai hotel. Thai hotels, the service is just unbelievable, primarily
• 1:52:27
  Speaker 1: because of how how what do you call it? How
• 1:52:31
  Speaker 1: friendly they are uh and and luxurious. A lot of
• 1:52:34
  Speaker 1: the hotels are super luxury, super luxury make five stars
• 1:52:37
  Speaker 1: look like nothing. Uh and and yet reasonable reasonably priced.
• 1:52:43
  Speaker 1: So because there's a lot of hotels, there's a lot
• 1:52:45
  Speaker 1: of competition anyway, Yeah, and and Bangkok is interesting, but
• 1:52:50
  Speaker 1: then you've got the North Chang Mai, which is really interesting.
• 1:52:54
  Speaker 1: And then you've got Fu Caut've a beautiful cat but
• 1:52:56
  Speaker 1: here it's beautiful, and you've got the whole coastline. And
• 1:52:59
  Speaker 1: then I was in a place called Cosamoi, which is
• 1:53:02
  Speaker 1: an island, which is beautiful. So yeah, I mean, there's
• 1:53:04
  Speaker 1: a lot to see in Thailand. It's an impressive place.
• 1:53:07
  Speaker 1: I'd like to go back someday. I'm not sure I will,
• 1:53:10
  Speaker 1: but i'd like to nobody inviting me to give a
• 1:53:12
  Speaker 1: talk in Thailand. Maybe a room if you move there,
• 1:53:14
  Speaker 1: you can organize a talk for me in Thailand. Lincoln,
• 1:53:18
  Speaker 1: do you think a nineteen twenty nine style collapse in
• 1:53:21
  Speaker 1: the economy is likely in the next decade, well one
• 1:53:23
  Speaker 1: hundred years removed from it and almost twenty years from eight. No,
• 1:53:28
  Speaker 1: I don't think we're going to see nineteen twenty nine collapses,
• 1:53:30
  Speaker 1: partially because we now understand how to avoid them, not
• 1:53:37
  Speaker 1: in a healthy way, not in a sense of old
• 1:53:40
  Speaker 1: free markets and that's how you avoid them. But in
• 1:53:44
  Speaker 1: a sense of you know, in a sense of the
• 1:53:52
  Speaker 1: FED knows how not to make the mistakes it made
• 1:53:57
  Speaker 1: in nineteen twenty nine, and we saw that in two
• 1:54:00
  Speaker 1: thousand and eight. So we had a deep crisis in
• 1:54:04
  Speaker 1: twenty two thousand and eight, but at the end of
• 1:54:05
  Speaker 1: the day, we came out of it okay, at least
• 1:54:07
  Speaker 1: some people came out of it okay, and we took
• 1:54:13
  Speaker 1: on more debt, and you know, so we're not going
• 1:54:17
  Speaker 1: to get a crisis like that. I mean, if we
• 1:54:20
  Speaker 1: get a crisis, it's going to be related to sovereign debt.
• 1:54:25
  Speaker 1: It's going to be related to the amount of debt
• 1:54:27
  Speaker 1: the US government holds. That's the big crisis in the
• 1:54:30
  Speaker 1: future and how it manifests itself. I do not know.
• 1:54:33
  Speaker 1: It could be inflationary. I don't think you'll see default.
• 1:54:37
  Speaker 1: But that's the kind of crisis. It's not going to
• 1:54:40
  Speaker 1: look like two thousand and eight. It's not going to
• 1:54:43
  Speaker 1: look like nineteen twenty nine. And if it does, then
• 1:54:46
  Speaker 1: we know how to deal with it. Lincoln continues with
• 1:54:49
  Speaker 1: the marketing real estate values where they are the national
• 1:54:51
  Speaker 1: DEBTA thirty three trillion, sod security going bankrupt and an
• 1:54:55
  Speaker 1: idiot in the white House, so security will not go bankrupt.
• 1:54:57
  Speaker 1: While the idiot is in the white House. There is
• 1:55:00
  Speaker 1: thirty three trillion, and yet people mostly are still willing
• 1:55:03
  Speaker 1: to lend us money and to buy that debt. And
• 1:55:10
  Speaker 1: you know, I don't know real estate is that high
• 1:55:14
  Speaker 1: outside of certain areas and certain homes. But a commercial
• 1:55:18
  Speaker 1: real estate, I don't think it's very expensive. It's quite cheap. Actually,
• 1:55:22
  Speaker 1: stock market is expensive. So let's say it's talk about
• 1:55:24
  Speaker 1: goes down twenty five percent. Is that a disaster? No,
• 1:55:29
  Speaker 1: I mean it's unpleasant. I won't like it, but it's
• 1:55:33
  Speaker 1: not a disaster. Oi KG. What is your opinion on
• 1:55:39
  Speaker 1: how objectivists could support Trump when everything he does and
• 1:55:43
  Speaker 1: says is the opposite of objectivism. I think some people
• 1:55:48
  Speaker 1: are consumed with fear and with hate of the left,
• 1:55:58
  Speaker 1: and that fear, which leads to hatred of the left,
• 1:56:06
  Speaker 1: makes a strong man like Trump, who seems to be
• 1:56:12
  Speaker 1: at least standing up to the left somewhat appealing. That's
• 1:56:17
  Speaker 1: the best I can do. And some of them just
• 1:56:21
  Speaker 1: have no clue what objectivism is about. Lincoln says he's
• 1:56:27
  Speaker 1: not optimistic about the future and that he's getting married,
• 1:56:30
  Speaker 1: he's planning a family, he's going to move to Austin,
• 1:56:34
  Speaker 1: He's gonna be involved in some startup. If this is
• 1:56:38
  Speaker 1: what pessimism looks like, I don't know what optimism looks like, Lincoln.
• 1:56:42
  Speaker 1: So listen to I have. I started having multiple dreams
• 1:56:50
  Speaker 1: about watching YBS for some reason. The life chat in
• 1:56:55
  Speaker 1: my dreams still has Scott in it. Any advice in
• 1:56:59
  Speaker 1: getting Scott out, Well, I think now that you've verbalized it,
• 1:57:04
  Speaker 1: I think that's going to help. And so just just
• 1:57:09
  Speaker 1: talking about it helps. What else can we do to
• 1:57:13
  Speaker 1: help listen to get Scott out of her dreams? Yeah,
• 1:57:19
  Speaker 1: I mean, I think just participating in the chat now
• 1:57:23
  Speaker 1: without Scott is going to recondition your mind to him
• 1:57:28
  Speaker 1: not being here. Lincoln. Speaking of carse, I'd love to
• 1:57:35
  Speaker 1: rebuy the same model as my dad's first off for him,
• 1:57:40
  Speaker 1: a sixty eight Firebird convertible. Very expensive, so probably a
• 1:57:44
  Speaker 1: retirement gift. That sounds cool. That sounds cool those big
• 1:57:48
  Speaker 1: muscle cars of the past that was the cool. Now
• 1:57:52
  Speaker 1: my kind of car, but I understand the cool factor. Andrew,
• 1:57:58
  Speaker 1: did you make the point at a recent an event
• 1:58:00
  Speaker 1: that there's no social consciousness, and got a big counter reaction.
• 1:58:04
  Speaker 1: What's the significance of that? Did I get a counter reaction?
• 1:58:08
  Speaker 1: I don't remember getting a counter reaction. I often make
• 1:58:11
  Speaker 1: that point that there's no collective consciousness, that there's no
• 1:58:15
  Speaker 1: social whatever, but I don't remember. I'm sorry, I don't
• 1:58:19
  Speaker 1: remember the getting a counter reaction. Michael other Pacific Legal Foundation,
• 1:58:26
  Speaker 1: Industrute for Justice, worried they can't stop the authoritarianism. The
• 1:58:31
  Speaker 1: person you had on from IJ a little while ago
• 1:58:34
  Speaker 1: seemed pretty optimistic. Is he still? That was Larry He's
• 1:58:37
  Speaker 1: from He's actually from Pacific Legal Foundation, Larry Saltzman. And
• 1:58:41
  Speaker 1: I also had Simpson and Steve Simpson and both of
• 1:58:46
  Speaker 1: them Pacific Legal Foundation, and both of them was optimistic.
• 1:58:49
  Speaker 1: And I have no reason to believe that the optimism
• 1:58:52
  Speaker 1: has changed. I think they see beyond Trump. I think
• 1:58:56
  Speaker 1: they think that I think they think the it's generally healthy.
• 1:59:01
  Speaker 1: I think they think that, you know, we're good over this,
• 1:59:06
  Speaker 1: and that people like JD. Vance won't get elected ultimately,
• 1:59:13
  Speaker 1: but you know, we'll have to have them on again
• 1:59:15
  Speaker 1: and ask them Lincoln. Optimism for me is betting my
• 1:59:20
  Speaker 1: life saving on a startup living on Rahmen for years
• 1:59:24
  Speaker 1: and hoping for a nine figure exit from Google. Yeah,
• 1:59:27
  Speaker 1: but the world has to exist for that to happen.
• 1:59:31
  Speaker 1: We can't be in a Great Depression. Although there was
• 1:59:32
  Speaker 1: a lot of innovation and a lot of startups. A
• 1:59:36
  Speaker 1: lot of the innovation and the auto industry happened during
• 1:59:38
  Speaker 1: the Great Depression, so maybe maybe that's still possible. Gail,
• 1:59:42
  Speaker 1: thank you for the stiker, Tony, thank you for the sticker.
• 1:59:45
  Speaker 1: And Lincoln says, a well paid career in law or
• 1:59:48
  Speaker 1: tech is my pessimism. That's pretty pessimistic. I have to say.
• 1:59:53
  Speaker 1: That's awful. All right, guys, thank you, Thanks to all
• 1:59:57
  Speaker 1: the Supershadows. Really appreciate it. Thank you all for being here.
• 2:00:02
  Speaker 1: We hit the two hour mark exactly. I will see
• 2:00:05
  Speaker 1: you all tomorrow and over the weekend. Both Saturday and
• 2:00:07
  Speaker 1: Sunday that we show. Sundays will be a members only.
• 2:00:11
  Speaker 1: Please get back to me if you'd like to participate
• 2:00:14
  Speaker 1: in one of the events in Austin, get back to
• 2:00:17
  Speaker 1: me about I mean it will be during the day.
• 2:00:20
  Speaker 1: It will be during a day on a weekday, so
• 2:00:24
  Speaker 1: it will mean taking some time off of work, so
• 2:00:26
  Speaker 1: take that into ACOLM. But if you're willing to do it,
• 2:00:30
  Speaker 1: you know, let me know, send me an email and
• 2:00:32
  Speaker 1: if I have enough interest, if we get five six people,
• 2:00:35
  Speaker 1: then I'll do it. So rally your friends. There's so
• 2:00:39
  Speaker 1: many objectives in Austin now that hopefully we can get
• 2:00:42
  Speaker 1: a group together that will do something. I can make
• 2:00:45
  Speaker 1: a little bit of money and also get together with
• 2:00:50
  Speaker 1: you guys at the same time. See guys, Frederick, thank
• 2:00:54
  Speaker 1: you for the sticker. I appreciate it. Thank you guys
• 2:00:57
  Speaker 1: for everything. I will see you tomorrow. By