Latest / Yaron Brook Show / Iran; Lebanon; Gulf Bailout; Fed; Griffin; Insider Trading; Math; "Affordability" | Yaron Brook Show

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Iran; Lebanon; Gulf Bailout; Fed; Griffin; Insider Trading; Math; "Affordability" | Yaron Brook Show · Yaron Brook Show

• 0:02
  Speaker 1: A lot of the fundamental principles of edom, my actional
• 0:08
  Speaker 1: self interest and an individual wats.
• 0:14
  Speaker 2: This is show?
• 0:20
  Speaker 1: All right, everybody, welcome to one book show on this
• 0:23
  Speaker 1: fighty April twenty fourth. I hope everybody's having had a
• 0:28
  Speaker 1: great week. I'm looking forward to that weekend. All right.
• 0:34
  Speaker 1: We'll jump right in with our daily Iran war update.
• 0:38
  Speaker 1: Not that there's war going on, but but the hostilities continue.
• 0:42
  Speaker 1: We'll talk about Iran and Lebanon and other stuff. And yeah,
• 0:48
  Speaker 1: we've got a bunch of talk about. Don't forget ask questions.
• 0:52
  Speaker 1: Ask questions and use the super chat to do that.
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  Speaker 1: what you want me to talk about. Plus a way
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• 1:34
  Speaker 3: As for you on.
• 1:36
  Speaker 1: God that the United States is just accumulating military assets
• 1:41
  Speaker 1: in the Middle East. I don't remember seeing so many
• 1:46
  Speaker 1: Navy assets at least, and we know that there are
• 1:50
  Speaker 1: many many are planes that are now significant ground troops
• 1:54
  Speaker 1: all over the Middle East, and bases in Jordan and
• 1:57
  Speaker 1: Saudi Arabia e Kata, and then of course not far
• 2:03
  Speaker 1: away in Europe. But right now there are three There
• 2:07
  Speaker 1: are three aircraft carriers in the Middle East, the the
• 2:13
  Speaker 1: Abram Lincoln, the George W. H. W. Bush, and the largest,
• 2:19
  Speaker 1: most modern of all aircraft carriers that the United States has,
• 2:23
  Speaker 1: or that the world has, for that matter, most sophisticated one,
• 2:26
  Speaker 1: the US S joel Ford. All three of those, of
• 2:29
  Speaker 1: course don't come alone. They come with a bunch of
• 2:34
  Speaker 1: combat ships and guided missile destroyers and and other other
• 2:39
  Speaker 1: ships that accompany them.
• 2:41
  Speaker 3: And so there are.
• 2:43
  Speaker 1: A lot, a lot of Navy U S Navy ships
• 2:47
  Speaker 1: in the Middle East. There are a couple of destroyers
• 2:51
  Speaker 1: I think in the Mediterranean off the coast of Israel,
• 2:55
  Speaker 1: I guess helping just in case Uran star slobbying missiles
• 3:01
  Speaker 1: into Israel. Maybe hate helping with a defense over there.
• 3:05
  Speaker 1: Then you've got the jerbled Ford with its with its
• 3:08
  Speaker 1: accompanying destroyers. I think there are four of them, combat
• 3:13
  Speaker 1: ships and destroyers a combination.
• 3:16
  Speaker 3: They are all stationed in the.
• 3:17
  Speaker 1: Red Sea Red Sea off the coast of Saudi Arabia
• 3:21
  Speaker 1: on one side, Egypt and Sudan on the other side.
• 3:25
  Speaker 1: And Nay, my guesses are protecting the Saudis in particular
• 3:29
  Speaker 1: that ports on the Red Sea. The Saudi Arabia has
• 3:33
  Speaker 1: that it's pumping masses of lots of oil to to
• 3:37
  Speaker 1: replace the fact that I can't export oil out of
• 3:40
  Speaker 1: the Homeost Straits, so they are pumping it out to
• 3:43
  Speaker 1: the west coast of Saudi Arabia on the Red Sea.
• 3:48
  Speaker 1: And I think the ford is they're basically to protect
• 3:52
  Speaker 1: the Saudis from either an attack from the Yemen from Yemen,
• 3:55
  Speaker 1: from the Huties or from Yuan. And then you've got
• 3:58
  Speaker 1: two aircraft carriers in the Indian Ocean, Gulf of Oman
• 4:05
  Speaker 1: area between Oman, Iran, Pakistan and India. That area has
• 4:11
  Speaker 1: just a bunch of US ships. That is the area
• 4:14
  Speaker 1: where they the United States is trying to enforce its
• 4:16
  Speaker 1: blockade to prevent Uran from exporting anything and receiving goods
• 4:23
  Speaker 1: from outside. It's the area in which US destroyers are
• 4:27
  Speaker 1: running down ships then managed to escape the blockade. There
• 4:31
  Speaker 1: was one there was chased down into the Indian Ocean
• 4:34
  Speaker 1: and finally taken over by the US. So the US is.
• 4:38
  Speaker 3: Actively pursuing those ships.
• 4:40
  Speaker 1: Some of them are getting away, some of them again, these
• 4:42
  Speaker 1: are I mean on a map, everything looks small, but
• 4:45
  Speaker 1: in reality this is vast, vast, vast areas of ocean.
• 4:49
  Speaker 1: Now you think the United States would have sophisticated satellites
• 4:53
  Speaker 1: and detection systems the way they could catch everything they
• 4:56
  Speaker 1: wanted to.
• 4:56
  Speaker 3: But the reality.
• 4:58
  Speaker 1: Is the Iranian ships are finding ways to get around
• 5:04
  Speaker 1: the blockade. Just an update, straits of homos means closed.
• 5:09
  Speaker 1: As far as I can tell, no ships so if
• 5:11
  Speaker 1: they are single digit chips are entering and exiting the
• 5:15
  Speaker 1: straight other than the Iranian ships that are trying to
• 5:19
  Speaker 1: evade the blockade, and a few of those are getting
• 5:21
  Speaker 1: out periodically, most many of them being turned around by
• 5:27
  Speaker 1: the US, some managing to get around the US blockade
• 5:30
  Speaker 1: and get out of there. So a huge, massive force
• 5:35
  Speaker 1: again we've got you know, these aircraft carriers have combined
• 5:39
  Speaker 1: two hundred aircraft. They have defense systems, they have the
• 5:44
  Speaker 1: ability to destroyers, all have the ability to launch kusmosars.
• 5:49
  Speaker 1: And this is a mighty probably the mightiest navy right
• 5:56
  Speaker 1: now outside the Middle East is the mightiest navy in
• 5:59
  Speaker 1: the world to take on any navy anyway. What we
• 6:04
  Speaker 1: have right now in the Middle East, why it's there,
• 6:07
  Speaker 1: what it's going to do, what the purposes other than intimidation.
• 6:10
  Speaker 1: It's there to intimidate the Ranians. Doesn't exactly seem to
• 6:14
  Speaker 1: be working, but it's they have their assets, say, if
• 6:25
  Speaker 1: they want to resume operations against Iran again, There's also
• 6:28
  Speaker 1: got planes and air force bases around the Middle East.
• 6:31
  Speaker 1: They've also got ground troops, They've got refueler tankers. There's
• 6:36
  Speaker 1: a massive contingency of American forces. I mean, they don't
• 6:40
  Speaker 1: have tanks as far as I can tell. But other
• 6:42
  Speaker 1: than that, everything is there. Everything is right there in
• 6:46
  Speaker 1: the Middle East to be able to attack the Iranians
• 6:49
  Speaker 1: and even to take ground positions on the islands if
• 6:52
  Speaker 1: they need to. In the meantime, an Iran, as we've
• 6:57
  Speaker 1: talked about, there is a power struggle, and you wanted
• 7:01
  Speaker 1: someone who is going to come out on top, and
• 7:04
  Speaker 1: there was a constant flow of rumors coming out.
• 7:08
  Speaker 3: You know, this faction is up, This faction is down.
• 7:12
  Speaker 1: But the bottom line is the IRGC is in control.
• 7:17
  Speaker 1: I mean, there's very little doubt that they are really
• 7:20
  Speaker 1: controlling what's going on right now. The commander, which is
• 7:24
  Speaker 1: the Major General Ahmad Vahidi is uh. You know, he's
• 7:29
  Speaker 1: the third IRGC commander in the last year. Two of
• 7:35
  Speaker 1: the predecessors were killed by the Israelis. Uh.
• 7:38
  Speaker 3: He is running things.
• 7:40
  Speaker 1: He is the one probably in touch with much Staba
• 7:44
  Speaker 1: much Stabahamini.
• 7:46
  Speaker 3: The Supreme leader, who is as.
• 7:48
  Speaker 1: Far as we can tell, hospitalized and you know, uh
• 7:53
  Speaker 1: going operations and and has has was injured significantly during
• 7:59
  Speaker 1: their first day of the war. But who is still
• 8:04
  Speaker 1: you know, sending out instructions. It seems like the leadership
• 8:10
  Speaker 1: the IRGC is demanding complete Ranians sovereignty and control over
• 8:16
  Speaker 1: the straits of home Wars. And they really don't want
• 8:19
  Speaker 1: to give up the nuclear efforts. So those are two
• 8:21
  Speaker 1: things that they're trying to outmaneuver the Americans with regard
• 8:27
  Speaker 1: there's some indications the betting, if you will, out there,
• 8:34
  Speaker 1: there's some indications and and and betting out there that
• 8:39
  Speaker 1: the Trump administration at the end of the day will
• 8:42
  Speaker 1: probably give the Ranians the Straits of Homos allow them
• 8:47
  Speaker 1: to charge a fee for ships coming out, and and
• 8:52
  Speaker 1: and that.
• 8:55
  Speaker 3: Will be the compromise.
• 8:55
  Speaker 1: I wano give up the nukes and take the Straits
• 8:58
  Speaker 1: of Homos. It's a awful compromise. It's a It really
• 9:03
  Speaker 1: is in a sense, the United States giving in to
• 9:09
  Speaker 1: the worst elements in Iran and supporting their control over
• 9:13
  Speaker 1: one of the most important choke points in the global
• 9:16
  Speaker 1: economy in terms of trade.
• 9:19
  Speaker 3: It is.
• 9:19
  Speaker 1: It is a would be a horrific precedent if it occurred. Indeed,
• 9:24
  Speaker 1: already we're hearing noises out of Indonesia. Indonesia's like, wait
• 9:29
  Speaker 1: a minute, we actually control the Straits of Malica. And hey,
• 9:36
  Speaker 1: the streets of Malaca actually see more more traffic of
• 9:42
  Speaker 1: ships than the States of Homoes. You know, really, since
• 9:48
  Speaker 1: the since the beginning of since I don't know the
• 9:50
  Speaker 1: beginning of time, for two thousand years, really, the States
• 9:54
  Speaker 1: of Malca have been essential for global trade. They are
• 9:57
  Speaker 1: what links India China, what links the Middle East with
• 10:03
  Speaker 1: Asia with Southeast Asia. They are how you get to
• 10:08
  Speaker 1: the Spice Islands. The control over the Straits of Malaca
• 10:12
  Speaker 1: was something that empires, European empires fought each other for
• 10:16
  Speaker 1: hundreds of years to try to take control over and
• 10:19
  Speaker 1: of course they also have to had to fight the
• 10:22
  Speaker 1: Islamic Empires the way in the region.
• 10:25
  Speaker 3: So this is hugely important.
• 10:28
  Speaker 1: And of course the Indonesian is now saying, huh, if
• 10:32
  Speaker 1: Iran can take the Straits of Omaz, maybe we should
• 10:35
  Speaker 1: take the states of Malaca. Anyway, I don't think they'll
• 10:39
  Speaker 1: do it, you know, Indonesia doesn't have a military and
• 10:44
  Speaker 1: would like to be an ally with the United States,
• 10:46
  Speaker 1: not an enemy. So I doubt they'll do it. But
• 10:49
  Speaker 1: it does suggest to the Chinese and to others. Of course,
• 10:52
  Speaker 1: China is very dependent on the Straits of Malaca. America's
• 10:56
  Speaker 1: weakness America's weakness. So America doesn't have to be weak.
• 11:01
  Speaker 1: This is not a weakness of weapons. This is not
• 11:04
  Speaker 1: a weakness a military weakness. This is not a weakness
• 11:08
  Speaker 1: of ability. This is a weakness of will. This is
• 11:11
  Speaker 1: a weakness of It's called the weakness of Trump, the
• 11:16
  Speaker 1: weakness of Trump, so and the weakness of America for
• 11:22
  Speaker 1: electing somebody like Trump. In the meantime, in the Inuan,
• 11:30
  Speaker 1: while there's this battle for who's in charge, it looks
• 11:34
  Speaker 1: like everybody's kind of lining up. It looks like the
• 11:37
  Speaker 1: stream leader in the guidance of the head of the
• 11:40
  Speaker 1: IRGC basically forcing them all to line up. We said,
• 11:44
  Speaker 1: the Sutreame leader come out with a statement saying everybody
• 11:46
  Speaker 1: is aligned. And then you saw the Speaker of the
• 11:50
  Speaker 1: House of the Parliament and the President and their foreign
• 11:54
  Speaker 1: minister all making statements that showed that they were aligned
• 11:58
  Speaker 1: with everybody else. And then you get on and off
• 12:02
  Speaker 1: messages around negotiations in.
• 12:07
  Speaker 3: Pakistan.
• 12:08
  Speaker 1: So the Fond Minister of Iwan is right now in
• 12:12
  Speaker 1: Pakistan talking to the pakistanis the weekof and Krishna was
• 12:19
  Speaker 1: supposed to fly there.
• 12:20
  Speaker 3: Then they weren't going to fly there. Then they weren't
• 12:22
  Speaker 3: going to fly there.
• 12:23
  Speaker 1: JD. Evans is not gonna fly there. I mean, nobody knows,
• 12:26
  Speaker 1: and it could happen on any moment. But again, what
• 12:31
  Speaker 1: are they flying there too? Again? Know, any reason to
• 12:34
  Speaker 1: negotiate with the Iranians is if you want to sell
• 12:36
  Speaker 1: out America, which seems like what the Trumpet Universtation wants
• 12:41
  Speaker 1: to do. So compromise and sending out is the name
• 12:47
  Speaker 1: of the game, and that is that does seem to
• 12:49
  Speaker 1: be where things are heading. The Iranians seem to be
• 12:52
  Speaker 1: uniting over a plan. My guess is that plan will
• 12:56
  Speaker 1: be do something on the new nuclear where you pretend
• 13:01
  Speaker 1: not to develop any nuclear weapons for fifteen years or something.
• 13:05
  Speaker 1: I think the United States offered something like that and
• 13:07
  Speaker 1: then but demand the Straits of Homos in return. So
• 13:11
  Speaker 1: we'll see. Trump doesn't seem to care about the Streets
• 13:14
  Speaker 1: of Homos. He seems to because he positioned this as
• 13:18
  Speaker 1: a as one of his war aims, as being the
• 13:21
  Speaker 1: issue of nuclear and I think that's what he wants,
• 13:27
  Speaker 1: that's what he cares about. He keeps telling the Israelis,
• 13:29
  Speaker 1: I'll get more than that. I'll believe it when I
• 13:32
  Speaker 1: see it, all right, let's see, Yeah, I mean, the
• 13:39
  Speaker 1: follow Minister came out with a statement earlier today, oh yesterday,
• 13:43
  Speaker 1: the Straits of Homos will stay blocked until eleven trillion
• 13:47
  Speaker 1: dollars eleven trillion. That's a tee trillion dollars, eleven trillion
• 13:51
  Speaker 1: dollars of foes in the Uranian assets are released, eleven trillion.
• 13:58
  Speaker 1: You know what they could do with eleven trillion dollars. God,
• 14:03
  Speaker 1: I mean, it's really hard to believe. It's hard to
• 14:09
  Speaker 1: believe that anybody's contemplating a deal with Iran given that,
• 14:15
  Speaker 1: I mean, if they get eleven trillion dollars, what happens then? Right? Yeah? Anyway,
• 14:21
  Speaker 1: uh oh, well, I mean Iran is in a time
• 14:26
  Speaker 1: of difficulty. I told you that at some point they're
• 14:30
  Speaker 1: pumping oil, they can't export it, so at some point
• 14:34
  Speaker 1: they have to shut down the wells. If they shut
• 14:36
  Speaker 1: down the wells, the wells in a sense get polluted,
• 14:39
  Speaker 1: and it's very hard to restart the wells, and even
• 14:41
  Speaker 1: if you do restart the wells, you get less oil
• 14:45
  Speaker 1: out of them. Some of the oil is lost forever.
• 14:48
  Speaker 1: So they need more storage capacity because they probably got
• 14:54
  Speaker 1: maybe another week to two weeks between a week to
• 14:57
  Speaker 1: two weeks of pumping OI oil and stowing it. That's
• 15:01
  Speaker 1: all the capacity they have. So what they're doing is
• 15:06
  Speaker 1: they're decommissioning old, old tankers, Like they found this thirty
• 15:14
  Speaker 1: year old empty super tanker.
• 15:17
  Speaker 3: And they're basically going to use it for storage.
• 15:20
  Speaker 1: So it's the thing Iran will find ways to subvert
• 15:26
  Speaker 1: this idea. I mean, supert tanker like this can carry
• 15:29
  Speaker 1: two million barrels of oil, so they can store that
• 15:34
  Speaker 1: there and then pump it out of the super tank
• 15:36
  Speaker 1: into other tankers for shipment later on, once the once
• 15:40
  Speaker 1: the siege is the blockade is over. But but yeah,
• 15:45
  Speaker 1: they're getting a little desperate again. It's at some point
• 15:48
  Speaker 1: capping those old walls is a real problem. This is
• 15:53
  Speaker 1: why I think they will put a lot of pressure
• 15:57
  Speaker 1: on Trump to cut a deal. And and I think
• 16:01
  Speaker 1: Trump wants a deal. I think that's his preference, is
• 16:03
  Speaker 1: a deal, deal, deal. He's a deal maker. I think
• 16:06
  Speaker 1: we're going to get Obama's deal, not much better than
• 16:09
  Speaker 1: Obama's deal, maybe even worse than Obama's deal, if the
• 16:12
  Speaker 1: straits of Home will stay and he runs thing. But yeah,
• 16:17
  Speaker 1: you know, this is what happens when Trump wons the war.
• 16:22
  Speaker 1: You get you get lousy deals, very lousy deals. So
• 16:30
  Speaker 1: I mean, Trump supposedly is just waiting you run out,
• 16:34
  Speaker 1: wants to see them having to cap those wells or
• 16:39
  Speaker 1: prices are up, but they're not horrifically up, and he's
• 16:44
  Speaker 1: just he's just waiting to see what happens. Right. According
• 16:50
  Speaker 1: to this, they have twelve more days of unsure storage.
• 16:55
  Speaker 1: Most of that in is in Currag Island. If a
• 16:59
  Speaker 1: man taken Colorg Island, they wouldn't have that storage. So anyway,
• 17:09
  Speaker 1: so that's where we are. Not much news again, lots
• 17:14
  Speaker 1: of rumors about what's going on in in t Ran,
• 17:17
  Speaker 1: primarily lots of rumors about Trump's intentions. But overall, I
• 17:22
  Speaker 1: would say the more Trump extends there the cease fire,
• 17:27
  Speaker 1: the weaker he seems and the weaker America seems, and
• 17:31
  Speaker 1: the more likely this is going to end in a
• 17:33
  Speaker 1: bad deal. Another place in which cease fires are being
• 17:38
  Speaker 1: extended by Trump is Yesterday, there was supposed to be
• 17:42
  Speaker 1: a meeting between the Ambassador to Washington of Lebanon and
• 17:46
  Speaker 1: the Ambassador to Washington of Israel to continue their ongoing
• 17:50
  Speaker 1: discussions about resolving these really Lebanese conflict and dealing with
• 17:54
  Speaker 1: Chrismalan maybe establishing peace between the two countries. Anyway, yesterday
• 17:58
  Speaker 1: Trump showed up to the meeting and about jade vans
• 18:01
  Speaker 1: with him. I think what's his name, Rubio was going
• 18:05
  Speaker 1: to be there anyway, and then they also brought the
• 18:08
  Speaker 1: American Ambassador to Israel and the American Ambassador to Lebanon.
• 18:11
  Speaker 1: They all converge in this big meeting, and basically this
• 18:15
  Speaker 1: meaning turned into Trump declaring basically an extension of the
• 18:21
  Speaker 1: ceasefire Israel didn't declare it, Lebanon didn't declare it. Trump
• 18:26
  Speaker 1: declared it. So Israel and Lebanon have extended the ceasefire
• 18:29
  Speaker 1: for three weeks. Why for what nobody knows? Israel Israeli
• 18:37
  Speaker 1: media is very unhappy about this. Again, Israel is in
• 18:41
  Speaker 1: the midst of an operation to destroy Isabelah, to disarm it,
• 18:46
  Speaker 1: and to create a significant, large buffer zone security zone
• 18:51
  Speaker 1: in southern Lebanon.
• 18:53
  Speaker 3: Trump is subverting that.
• 18:55
  Speaker 1: Just like he subverted Israel from and stopped Israel dismandling Tramas,
• 19:03
  Speaker 1: he is stopping them from destroying.
• 19:08
  Speaker 3: Chris Ballah.
• 19:10
  Speaker 1: I mean, Trump gives is freedom to almost win, but
• 19:15
  Speaker 1: he doesn't.
• 19:15
  Speaker 3: Want them to actually win.
• 19:17
  Speaker 1: He did that in June with with that yu On,
• 19:20
  Speaker 1: he did that with Ramas with the ceasefire. He's doing
• 19:23
  Speaker 1: it now in Lebanon with Risbella. I mean, he is
• 19:26
  Speaker 1: just a He's just dedicated to making sure Israel doesn't win.
• 19:34
  Speaker 3: Basically, that it.
• 19:35
  Speaker 1: Wins, that it succeeds but doesn't win, doesn't actually achieve
• 19:40
  Speaker 1: victory anyway. The ceasefire supposedly is going to involve continued
• 19:51
  Speaker 1: talks with the goal of dismandling Chrisbella just like remember
• 19:56
  Speaker 1: the ceasefire about Gaza.
• 19:59
  Speaker 3: Involved and the international coalition.
• 20:01
  Speaker 1: That was going to disband Haramas and disarm them, and
• 20:05
  Speaker 1: that never happened. Well, the idea here is maybe America
• 20:08
  Speaker 1: will help Lebanon to disarm Arisbela and Lebanon ain't happening.
• 20:17
  Speaker 1: It's not gonna happen. It will never happen. The only people,
• 20:20
  Speaker 1: the only military in the world that actually has the
• 20:23
  Speaker 1: incentive and the ability to disband and disarm Ramas and
• 20:31
  Speaker 1: Rizabella is Israel. Lebanese army won't do it, and the
• 20:37
  Speaker 1: American army is not going to do it.
• 20:38
  Speaker 3: They don't have the incentives.
• 20:41
  Speaker 1: And the Lebanese army doesn't have the capacity capability is
• 20:45
  Speaker 1: what can do it? Just leave it alone. Trump is
• 20:49
  Speaker 1: so obsessed with deals and cease fires, and so he's
• 20:54
  Speaker 1: got Nittaniel coming to Washington, and he wants to invite
• 20:58
  Speaker 1: the President of Lebanon, Joseph Anoon A Won, to come
• 21:03
  Speaker 1: to the White House to meet and try to cut
• 21:07
  Speaker 1: a peace deal. But I mean, no peace steel is
• 21:13
  Speaker 1: possible until Risabela is dismantled.
• 21:16
  Speaker 3: And a Won knows this.
• 21:18
  Speaker 1: He knows that if he signs a peace deal with Israel,
• 21:21
  Speaker 1: Isabella will kill him anyway. Trump might twist his arm
• 21:26
  Speaker 1: and he might sign such a deal, and then what
• 21:28
  Speaker 1: you still have the problem Risbella, Chrisbellah's not going to
• 21:31
  Speaker 1: pay attention to the peace deal. They don't care. And
• 21:35
  Speaker 1: I mean time, Risbela keeps violating the ceasefire, Israel keeps responding,
• 21:41
  Speaker 1: just like Ian is violating the cease fire.
• 21:44
  Speaker 3: America doesn't respond.
• 21:46
  Speaker 1: Even these cease fires are not real cease fires.
• 21:49
  Speaker 3: They're not.
• 21:51
  Speaker 1: The other side is not expected to abide by them.
• 21:54
  Speaker 1: They're just a way of stopping Israel and the United States.
• 21:58
  Speaker 1: So I'm actually winning. It's just a way of handcuffing
• 22:02
  Speaker 1: the good guys, and the bad guys don't pay attention
• 22:05
  Speaker 1: to it anyway. Anyway, Israel is using this time to
• 22:12
  Speaker 1: basically flatten the area that they have taken in the
• 22:18
  Speaker 1: south of Lebanon. They're demolishing whole villages, destroying every building there,
• 22:25
  Speaker 1: leveling it all so that they can never be used
• 22:28
  Speaker 1: again to attack Israel. I mean, Israel's nightmare scenario is
• 22:35
  Speaker 1: I don't know, you know, it's October seventh, is imagine,
• 22:41
  Speaker 1: I don't know, twenty fifty thousand, I don't know Shia
• 22:46
  Speaker 1: Lebanese Risbella members and affiliates just rushing the northern border,
• 22:52
  Speaker 1: entering Israel and starting to slaughter people in their homes.
• 22:57
  Speaker 1: Imagine if that happens as Syria on the Egyptian border.
• 23:02
  Speaker 1: It's just a mass, the mass, and if it now,
• 23:06
  Speaker 1: if Israel's prepared, that's easy.
• 23:08
  Speaker 3: So what Israel has today, and this is.
• 23:12
  Speaker 1: The strategic advantage it has gained since October seventh, since
• 23:16
  Speaker 1: the war. Is now has a buffer zone in Gaza.
• 23:20
  Speaker 1: It controls much of Gaza, about fifty percent it controls.
• 23:24
  Speaker 1: It has a buffer zone in Syria. It has a
• 23:27
  Speaker 1: whole region in Syria which it controls directly, and a
• 23:31
  Speaker 1: whole region in Syria that it controls indirectly through the Jews,
• 23:36
  Speaker 1: the Jews minority that lived there that aligned with Israel.
• 23:39
  Speaker 1: And now it has this big buffer zone in Lebanon,
• 23:43
  Speaker 1: in the south of Lebanon, which provides them a buffer
• 23:48
  Speaker 1: with Rizabela. So again, Israel is doing everything that it can,
• 23:54
  Speaker 1: everything that it can to create a buffer zone owes
• 24:01
  Speaker 1: so that it can't be overwhelmed by civilians, by civilians.
• 24:10
  Speaker 1: So if only Trump would leave Israel alone, then Israel
• 24:18
  Speaker 1: could get to the business of actually winning this and
• 24:22
  Speaker 1: finishing it. Right now, they're about one point two million
• 24:25
  Speaker 1: Lebanese that have been displaced because of the fighting, most
• 24:29
  Speaker 1: of them in the south.
• 24:30
  Speaker 3: Basically the South.
• 24:31
  Speaker 1: Israel told all the civilians and sought to leave, and
• 24:35
  Speaker 1: then they're flattening whole towns and villages that particularly the
• 24:39
  Speaker 1: towns and villages that were inhabited by the Shiite the
• 24:44
  Speaker 1: Shade affiliated with Hisbella. And then this sys nothing to
• 24:52
  Speaker 1: with a great Ari Israel project that is completed, not
• 24:54
  Speaker 1: a bullshit Israel. He's not going to set all those areas.
• 24:58
  Speaker 1: This is just a buffer zone. Israel has no ambition
• 25:01
  Speaker 1: to take and make southern Lebanon part of Israel, or
• 25:05
  Speaker 1: to make uh you know, a Seria part of Lebanon Israel,
• 25:09
  Speaker 1: or to make any of these or to any of
• 25:11
  Speaker 1: these regions part of Israel. The only ambition Israel has
• 25:15
  Speaker 1: is to protect it civilians and to create a buffer
• 25:18
  Speaker 1: z own against people who are dedicated and committed.
• 25:22
  Speaker 3: To slaughtering them.
• 25:24
  Speaker 1: Right, Israel does not engage in offensive wars. It was
• 25:31
  Speaker 1: a wars of self defense anyway, or and the rest
• 25:37
  Speaker 1: of the rest of the one point two million those
• 25:39
  Speaker 1: who are not from the south of Lebanon are from neighborhoods.
• 25:42
  Speaker 1: She had neighborhoods in Beirut, which Israel has also pummeled
• 25:47
  Speaker 1: from the air, where Isbela has its bunkers and bases
• 25:52
  Speaker 1: and commanding control centers and so on.
• 25:58
  Speaker 3: As not a next west go Gaza.
• 26:00
  Speaker 1: And indeed the West Bank and Gaza are bastions of
• 26:05
  Speaker 1: millions of people who are committed to the destruction of Israel. Says, yeah,
• 26:12
  Speaker 1: there's settler violence. That settler violence is bad. They should
• 26:15
  Speaker 1: all go to jail if they're committing violence. But setler
• 26:18
  Speaker 1: violence is nothing, It's it's trivial as compared to Palestinian
• 26:26
  Speaker 1: violence against Israel, particularly Palestinian violence against Israel. If you
• 26:30
  Speaker 1: take away the roadblocks, if you take away the restriction travel,
• 26:33
  Speaker 1: if you allow them into Israel, you know, they would slaughter, destroy,
• 26:38
  Speaker 1: you know, rape, pillage, they would do October seventh all
• 26:41
  Speaker 1: over again. So, yeah, settler violence is horrific, But settler
• 26:45
  Speaker 1: violence is a trivial issue when you consider the big
• 26:48
  Speaker 1: picture of the Israeli Palestinian issue. All right, let's see. Yeah,
• 26:59
  Speaker 1: in the meantime, uh, you know, the UE is struggling.
• 27:04
  Speaker 1: They have no export revenue. They you know, subsidize the
• 27:08
  Speaker 1: economy one hundred percent from oil and natural gas.
• 27:12
  Speaker 3: This is how they make money.
• 27:13
  Speaker 1: There's no other way, and it's it's it's one hundred
• 27:16
  Speaker 1: percent export economy. So everything is dependent on being able
• 27:19
  Speaker 1: to go through the through the Straits of Homodes. They
• 27:22
  Speaker 1: have a pipeline that can get to the Gulf of Roman,
• 27:25
  Speaker 1: but it's it's a fraction of what they usually ship.
• 27:29
  Speaker 1: And they are they have liquidity problems, they have commitments
• 27:34
  Speaker 1: and the short ended dollars, the short enned dollars right now.
• 27:39
  Speaker 1: Uh so they've come to the United States and and
• 27:42
  Speaker 1: asked for basically a bailout. Uh So, I'll just respond
• 27:52
  Speaker 1: to this quickly and then we'll go on. Aime says,
• 27:54
  Speaker 1: nothing ever happens to them. We have videos of soldiers
• 27:56
  Speaker 1: consistently backing them up. You have some videos, but I
• 28:00
  Speaker 1: also have news reports and videos of them going to jail.
• 28:04
  Speaker 1: So consistently Israeli courts find them guilty and send them
• 28:09
  Speaker 1: to jail. And there is a massive internal debate within
• 28:13
  Speaker 1: Israel about how to suppress settler violence in the West Bank.
• 28:20
  Speaker 1: There is no debate, no discussion, no discussion at all
• 28:24
  Speaker 1: within the Palestinian authority about what to do about gihad's
• 28:29
  Speaker 1: about suicide bombers, I mean, other than hail them as
• 28:34
  Speaker 1: massive heroes and defenders. These settlers who attack Palestinians are
• 28:41
  Speaker 1: considered pariahs in Israel. They could you know, a vast
• 28:44
  Speaker 1: majority of Israelis think that they are criminals and should
• 28:48
  Speaker 1: go to jail. The vast majority of Palestinians think they
• 28:51
  Speaker 1: should be more suicide bombers and more people raping and
• 28:55
  Speaker 1: pillaging Israelis. So I mean, the contrast is so dramatic
• 29:01
  Speaker 1: that to try to somehow present Israel in the Palestinians
• 29:05
  Speaker 1: as as some kind of model equation even the settlers.
• 29:09
  Speaker 4: Is.
• 29:11
  Speaker 1: Pathetic, ignorant, evasive, And because it's evasive, ultimately more so,
• 29:23
  Speaker 1: as I said, UE wants to bail out, you AE
• 29:27
  Speaker 1: wants to bail out, and uh and uh, Bessett is saying, yeah,
• 29:36
  Speaker 1: you know, we we might create a swap line, just
• 29:38
  Speaker 1: like they did with a member the the bailout of
• 29:41
  Speaker 1: kind of not a bailout, but a supporting mechanism for
• 29:44
  Speaker 1: Milay before the election, where the United States providing hum
• 29:48
  Speaker 1: with dollars to a swap deal. Are they're going to
• 29:50
  Speaker 1: do the same thing in the golf They're going to
• 29:53
  Speaker 1: provide it to golf states, to provide them with dollars
• 29:58
  Speaker 1: as a short run way to tide them over because
• 30:01
  Speaker 1: of their you know, shortage of currency.
• 30:04
  Speaker 3: So the United.
• 30:04
  Speaker 1: States not only is you know, moving away from I
• 30:11
  Speaker 1: don't know, freedom and capitalism stuff like that domestically, but
• 30:15
  Speaker 1: internationally it's becoming the bailout capital of the world.
• 30:18
  Speaker 3: We're going around bailing everybody else.
• 30:20
  Speaker 1: I mean, people complain about the three billion dollars is
• 30:24
  Speaker 1: all gets a year? Peopt eight billion dollars is well
• 30:25
  Speaker 1: gets a year, And I'm all with you, yeah, you know,
• 30:28
  Speaker 1: shut it down. But in caparison, what's happening is not
• 30:33
  Speaker 1: that being shut down. The trumpet deministation is doing the opposite.
• 30:36
  Speaker 1: It is. You know, people used to say, we shouldn't
• 30:39
  Speaker 1: be the policeman of the world. We shouldn't be the
• 30:41
  Speaker 1: the you know, we shouldn't have fallen aid, we shouldn't.
• 30:46
  Speaker 1: But now not only do we continue the fall and
• 30:48
  Speaker 1: AID and it's shrunk, barely shrunk at all, even with DOGE.
• 30:54
  Speaker 1: Now we're bailing everybody out. Now we're creating dollar swap
• 30:58
  Speaker 1: lines all over the place to protect people's finances.
• 31:02
  Speaker 3: I mean, it's not like the UAEU is poor.
• 31:05
  Speaker 1: It's you know, to get dollars, they would have to
• 31:08
  Speaker 1: sell some assets like stocks and bonds and maybe some
• 31:12
  Speaker 1: hot assets and private equity. I don't know where all
• 31:15
  Speaker 1: their money is, but the US government would prefer to
• 31:19
  Speaker 1: give them a bailout than to actually ask them to
• 31:24
  Speaker 1: do any of that. All right, So, yes, there's all
• 31:30
  Speaker 1: Lebanese ceaes fire extended for three weeks, Trump tells us.
• 31:34
  Speaker 3: And that is where we are. All right, Let's see
• 31:37
  Speaker 3: what else is.
• 31:38
  Speaker 1: Going on in the world away from the Middle East. Yeah,
• 31:45
  Speaker 1: Fed Reserve. Remember a few weeks ago, we talked about
• 31:49
  Speaker 1: the fact, maybe a couple of months ago, that the
• 31:53
  Speaker 1: Justice Department was U engaged in a criminal probe of
• 31:59
  Speaker 1: fed Sham and Powell regarding the renovation project, the renovation
• 32:06
  Speaker 1: of the Federals.
• 32:07
  Speaker 3: A building in Washington, d C.
• 32:10
  Speaker 1: And it was clear, as I said at the time,
• 32:13
  Speaker 1: that the point of that investigation was to put pressure
• 32:19
  Speaker 1: on Powell, who was criminally as an individual being probed,
• 32:24
  Speaker 1: to put pressure on him to resign. That there was
• 32:27
  Speaker 1: no merit to this probe there was no justification. And
• 32:31
  Speaker 1: Powell came out with the press comp with the statement,
• 32:33
  Speaker 1: and you talked about it, and he said, I'm not
• 32:36
  Speaker 1: going to resign, you know, in the sense sue me,
• 32:39
  Speaker 1: go after me. I've got nothing to hide. But it
• 32:42
  Speaker 1: was obvious that this was the Justice Department doing what
• 32:45
  Speaker 1: the Justice Department after the Trump does, which is being
• 32:48
  Speaker 1: one hundred percent, one hundred percent politicized and used political means.
• 33:00
  Speaker 1: Trump is unhappy with Powell. Trump Justice Bottomer goes after Powell.
• 33:08
  Speaker 1: There was no merit to the case, no basis for it. Anyway,
• 33:11
  Speaker 1: some Republicans realize this, and you know, U Republicans basically
• 33:19
  Speaker 1: said Tom tell Us specifically, the North Carolina Republican basically said, look,
• 33:27
  Speaker 1: I'm not gonna I'm not gonna vote for Powell's replacement.
• 33:33
  Speaker 3: I'm not gonna vote for.
• 33:34
  Speaker 1: Powell's replacement until you resolve this investigation, until you make
• 33:39
  Speaker 1: this investigation go away, until you make this investigation go away.
• 33:46
  Speaker 1: So tell Us basically said, I am going to block
• 33:51
  Speaker 1: your the replacement Trump Powell's term. Powell's term ends May fifteenth,
• 33:59
  Speaker 1: and uh Trump is appointed or nominated. Uh wash is
• 34:06
  Speaker 1: Kevin Wash. I think it's Kevin Wash uh to replace him,
• 34:11
  Speaker 1: and tell Us the said, I'm going to block him
• 34:14
  Speaker 1: until you get rid of this stupid thing going after Powell. Right. Anyway,
• 34:22
  Speaker 1: wash had his first hueing in the Senate on Tuesday.
• 34:26
  Speaker 1: Uh and uh, you know, Republicans praised him as they
• 34:31
  Speaker 1: always do, and Democrats were worried that he would just
• 34:35
  Speaker 1: that he was not independent of Trump and would he
• 34:37
  Speaker 1: just do Trump's bidding? And he claimed no, He's independent.
• 34:41
  Speaker 1: And so we'll see, right, we'll see how quickly, you know.
• 34:46
  Speaker 1: But again tell Us was holding it up and and
• 34:48
  Speaker 1: Tili said, you know, so the investigation into Powell I
• 34:55
  Speaker 1: was around the two point five billion dollar building innovation
• 34:59
  Speaker 1: U the Trump was critical of. I have to say, right,
• 35:03
  Speaker 1: two and a half billion, billion billion dollar renovation, that's
• 35:08
  Speaker 1: a bigger renovation. I mean the government, our government has
• 35:13
  Speaker 1: this ability to spend money in billions and trillions, and
• 35:18
  Speaker 1: as if it's nothing, as if it's nothing anyway. She
• 35:30
  Speaker 1: So anyway, today the Justice Department announced that they were
• 35:36
  Speaker 1: withdrawing the probe. The probe they said, well, renew it
• 35:43
  Speaker 1: if we have to, but for now they're removing it.
• 35:49
  Speaker 1: Right now. The reason for the probe is they've been
• 35:52
  Speaker 1: cost overruns. It was estimated with one point nine billion.
• 35:56
  Speaker 1: It's two point five billion. Surprise supplies. Government is spending
• 35:59
  Speaker 1: more than a planned on something. But yeah, anyway, this
• 36:06
  Speaker 1: is this happened today, so that the probe is gone.
• 36:12
  Speaker 1: Kevin Walsh will be approved as Chairman of the FED
• 36:17
  Speaker 1: in the weeks to come, probably in time or a
• 36:20
  Speaker 1: little bit after when Powell is supposed to step down,
• 36:24
  Speaker 1: and he will be Powell's successor. Kevin Wosh if he
• 36:30
  Speaker 1: can stay in dependent of Trump, is not an awful nominee.
• 36:36
  Speaker 1: He seems to be pretty smart, you know. Chairman of
• 36:42
  Speaker 1: the Central Planning Committee of money is never going to
• 36:47
  Speaker 1: be good in a sense of never going to get
• 36:50
  Speaker 1: it right, because you can't. It's central planning, and central
• 36:53
  Speaker 1: planning can't get anything right. But you can be worse
• 36:56
  Speaker 1: and you can be better. And he might be on
• 36:58
  Speaker 1: the better side if he can stay in the Trump
• 37:00
  Speaker 1: We will see, We will see, all right. It looks
• 37:07
  Speaker 1: like their way out is that just as Bottomer basically said,
• 37:12
  Speaker 1: the Fed's Inspector General is going to look into this.
• 37:14
  Speaker 1: We don't have to could have done that from the beginning.
• 37:18
  Speaker 1: But of course, the whole point was to intimidate intimidate Powell. Yeah,
• 37:27
  Speaker 1: so on the betting boards, on the betting boards and
• 37:31
  Speaker 1: the prediction markets. It now has them has Kevin Walsh
• 37:36
  Speaker 1: having eighty six percent chance of being confirmed a Sherman
• 37:40
  Speaker 1: of the Fed by May fifteenth. When he is confirmed,
• 37:43
  Speaker 1: we'll talk more about Kevin Walsh and his history, all right.
• 37:48
  Speaker 1: Remember the story we talked about of among Donnie in
• 37:53
  Speaker 1: New York going out and talking about placing a new
• 37:57
  Speaker 1: tax him and him and Hockel, the governor of New
• 38:03
  Speaker 1: York talked about a new tax on homes in New
• 38:10
  Speaker 1: York City valued at more than five million dollars, with
• 38:15
  Speaker 1: the people owning it didn't use it as their main residence,
• 38:18
  Speaker 1: that is, they didn't live there full time. And it
• 38:22
  Speaker 1: turns out when he did this, when he did his
• 38:24
  Speaker 1: TikTok or whatever video announcing this, he did it. Within
• 38:30
  Speaker 1: the background was Kevin ken Griffin's penthouse. Ken Griffin has
• 38:37
  Speaker 1: bought a penthouse in Manhattan for two hundred and thirty
• 38:42
  Speaker 1: eight million dollars a few years ago. It is the
• 38:46
  Speaker 1: highest price ever paid for residents in the United States,
• 38:52
  Speaker 1: maybe in the world, I don't know, basilly in the
• 38:54
  Speaker 1: United States. Two hundred and thirty eight million dollars for
• 38:57
  Speaker 1: a penthouse in New York, and.
• 39:04
  Speaker 3: He doesn't live in New York.
• 39:05
  Speaker 1: Ken Griffin, originally from Chicago, started Citadel hedge Fund in Chicago,
• 39:12
  Speaker 1: became one of the most successful hedge fund managers in history,
• 39:18
  Speaker 1: a billionaire many many times.
• 39:20
  Speaker 3: Over A few years.
• 39:22
  Speaker 1: Ago, moved moved Citadel from Chicago, which was becoming oppressive
• 39:29
  Speaker 1: regulatory wise, tax wise, in every respect, and his residents
• 39:34
  Speaker 1: moved him to Miami. So he has built the new
• 39:38
  Speaker 1: headquarters for Citadel is in now Miami. He himself has
• 39:41
  Speaker 1: moved and lives in Miami, and he has this home
• 39:45
  Speaker 1: that he bought a two ndred thirty eight million, and
• 39:47
  Speaker 1: now mum Danny wants to tax it. It's a twenty
• 39:51
  Speaker 1: four thousand square foot penthouse. That's about a good size.
• 39:55
  Speaker 1: That's a good size for a house, right, twenty four
• 39:56
  Speaker 1: thousand square foot for those of you in Europe, that
• 40:00
  Speaker 1: is about two thousand square meters, right, It's good, good size,
• 40:06
  Speaker 1: good size. Right. Anyway, Mamdanni was obviously referring to him
• 40:12
  Speaker 1: when he said he was going to impose this tax
• 40:15
  Speaker 1: the penthouses in to twenty Central Park South uh and yeah,
• 40:21
  Speaker 1: it turns out he brought in twenty nineteen, twenty nineteen,
• 40:24
  Speaker 1: and at the time it was a record for the
• 40:26
  Speaker 1: most ever bought. Anyway, Griffin yesterday had the COO of
• 40:37
  Speaker 1: Sidadel kind of put out a statement defending Ken Griffin
• 40:46
  Speaker 1: and you know, threatening Mamdanni, a little bit threatening Mamdanni,
• 40:53
  Speaker 1: who can play at this? Ken Griffin is saying, here's
• 40:57
  Speaker 1: the quote from the letter. We're about to commence development
• 41:02
  Speaker 1: of three hundred and fifty Park Avenue, creating six thousand
• 41:06
  Speaker 1: highly paid construction jobs and supporting the creation of more
• 41:09
  Speaker 1: than fifteen thousand permanent jobs in Midtown, New York. The
• 41:13
  Speaker 1: project if we moved forward. Noticed that if we moved forward,
• 41:19
  Speaker 1: will entail more than six billion dollars of spending. In
• 41:25
  Speaker 1: other words, we might not move forward if you start
• 41:29
  Speaker 1: taxing Ken Griffin's condo. We might build this somewhere else.
• 41:35
  Speaker 1: We don't have to build in Manhattan. So this is
• 41:43
  Speaker 1: an email the Griffins chief Operating Office of cent employees
• 41:49
  Speaker 1: at Citadel and stead of the securities, and you know,
• 41:56
  Speaker 1: with a veiled threat. Now this is a defense of
• 41:59
  Speaker 1: can differin right quote. It is shameful that he macdonne
• 42:05
  Speaker 1: used Ken's name as an example of those who supposedly
• 42:09
  Speaker 1: on carrying their fair share of the burdens associated with
• 42:13
  Speaker 1: New York cities, often costly and wasteful spending. In doing so,
• 42:21
  Speaker 1: the mayor has once again manifested the ignorance and disdain
• 42:26
  Speaker 1: of the elite political class towards those who are being
• 42:29
  Speaker 1: consistently committed to building one of the greatest.
• 42:32
  Speaker 3: Cities in the world.
• 42:35
  Speaker 1: He continues that over the past five years, Citadel Citadol
• 42:39
  Speaker 1: principles and team members, including non residents, have paid nearly
• 42:44
  Speaker 1: two point three billion dollars in city and state taxes.
• 42:49
  Speaker 1: He also noted that personally that they also personally directed
• 42:56
  Speaker 1: six hundred and fifty million in charitable gifts to support
• 43:01
  Speaker 1: New York City, so they also did charity. He says,
• 43:05
  Speaker 1: we have nearly two thousand, five hundred colleagues who have
• 43:08
  Speaker 1: chosen to build their careers in New York. We understand
• 43:12
  Speaker 1: that our hard work and success well on occasion, make
• 43:15
  Speaker 1: us targets for political rhetoric, but it should not diminish
• 43:19
  Speaker 1: the pride we have in building firms and will continue
• 43:23
  Speaker 1: to help New York City thrive for decades ahead. You know,
• 43:33
  Speaker 1: good for Griffin for defending himself. I get to my
• 43:36
  Speaker 1: critique of his defense in a minute. But good for
• 43:38
  Speaker 1: Griffin to actually standing up and defending himself, not just
• 43:41
  Speaker 1: rolling over, actually standing up and saying, you know I
• 43:47
  Speaker 1: can you know I can do I can fight back.
• 43:51
  Speaker 1: Now we'll talk about what a proper defense would look like.
• 43:54
  Speaker 1: I want to read you.
• 43:54
  Speaker 3: Also.
• 43:55
  Speaker 1: Bill Ackerman, another wealthy new this time in New yorkup
• 44:00
  Speaker 1: especially in solidarity with Griffin. He says, quote, we should
• 44:04
  Speaker 1: be applauding Ken for spending two underd and thirty eight
• 44:06
  Speaker 1: million in New York City, not attacking him for doing so.
• 44:09
  Speaker 1: This is the price he paid for the apartment. Importantly,
• 44:13
  Speaker 1: non resident owners of New York City apartments who leave
• 44:15
  Speaker 1: their apartment vacant for much of the year are not
• 44:18
  Speaker 1: a burden in New York City school services or other resources,
• 44:21
  Speaker 1: while they drive growth in retail sales, restaurants, theaters, and
• 44:25
  Speaker 1: other important drivers of our economy. Ken's company is a
• 44:28
  Speaker 1: major employer in New York City. Are very high paying
• 44:31
  Speaker 1: jobs which drive a considerable amount of our tax base.
• 44:35
  Speaker 1: We wouldn't want him to move even if more employee,
• 44:37
  Speaker 1: even more employees to Miami.
• 44:41
  Speaker 3: Now, notice how they defend themselves.
• 44:45
  Speaker 1: They defend themselves by saying, look, we contribute a huge
• 44:52
  Speaker 1: amount to the New York economy.
• 44:56
  Speaker 3: We're not. We're not parasites.
• 45:00
  Speaker 1: We build in New York, we create jobs in New York,
• 45:02
  Speaker 1: we pay taxes in New York, we make contributions in
• 45:05
  Speaker 1: New York. We are crucial to the New York economy.
• 45:11
  Speaker 1: Which is all true. But is that a proper model defense?
• 45:19
  Speaker 1: Is that a proper defense against new taxes? I mean,
• 45:30
  Speaker 1: the reality is that the proper defense here, which I'd
• 45:33
  Speaker 1: love to see somebody do. Maybe Akamen and Griffin can
• 45:38
  Speaker 1: hire me as a philosophical consultant for this is this
• 45:45
  Speaker 1: is my money. I made it, This is what I created.
• 45:53
  Speaker 1: Keep your goddamn hands off of it. Yes, by the way,
• 45:59
  Speaker 1: we create jobs. We do all this stuff in New
• 46:01
  Speaker 1: York because that's a choice we have made, because it's
• 46:04
  Speaker 1: in our self interest to do so, because we love
• 46:07
  Speaker 1: the city in New York, and importantly, because it's a
• 46:09
  Speaker 1: great place to do business and we make a lot
• 46:11
  Speaker 1: of money.
• 46:15
  Speaker 3: It's my money. I can do what I want with it.
• 46:21
  Speaker 3: You shouldn't be.
• 46:23
  Speaker 1: You know, the city of New York should be shrinking
• 46:26
  Speaker 1: it's expenditures not increasing, it's immoral.
• 46:32
  Speaker 3: Redistribution of wealth.
• 46:36
  Speaker 1: I mean, I wish Griffin and Eckerman and all these
• 46:38
  Speaker 1: others recognize this is an issue of rights, as an
• 46:43
  Speaker 1: issue of morality, as an issue of thievery.
• 46:51
  Speaker 3: This is my money.
• 46:54
  Speaker 1: I mean, this whole idea of the billionaires leaving California
• 46:59
  Speaker 1: so that they don't have to pay taxes. I mean good,
• 47:03
  Speaker 1: and California deserves them leaving. But their argument should be,
• 47:08
  Speaker 1: you have no right to my wealth. You have no
• 47:11
  Speaker 1: right to continuously constantly tax away and steal my stuff.
• 47:17
  Speaker 3: I created this, This is mine.
• 47:22
  Speaker 1: I shouldn't have to move away from a city, or
• 47:25
  Speaker 1: a state, or a country because of thugs like you.
• 47:34
  Speaker 1: This is an issue of my right to my life.
• 47:41
  Speaker 1: King Griffin is not saying the same basic things. He's
• 47:45
  Speaker 1: not saying it's my right. He's not saying it's my money.
• 47:48
  Speaker 1: He's implying it. He's hinting at it, but he's not
• 47:50
  Speaker 1: saying it, which is weak. He's saying I contribute a lot.
• 47:57
  Speaker 1: I give back. Look how many jobs I create, and
• 48:01
  Speaker 1: and if you, if you tax me, I'll stop giving.
• 48:04
  Speaker 3: I'll stop.
• 48:05
  Speaker 1: But that's not the point. The point is I should
• 48:08
  Speaker 1: be able to I want to build in New York
• 48:10
  Speaker 1: because New York is a great place to build, do business.
• 48:13
  Speaker 1: Keep your hands off my money, my money. No, he's
• 48:17
  Speaker 1: not saying that I like numbers. I mean, I wish
• 48:21
  Speaker 1: that's what he should say, but he really isn't. There's
• 48:29
  Speaker 1: not a sentence there that that in any way implicitly
• 48:33
  Speaker 1: or explicitly suggests that.
• 48:36
  Speaker 3: I mean, he's even.
• 48:37
  Speaker 1: Got a whole thing about how much charitable giving he
• 48:40
  Speaker 1: does or the firm does in New York City. It's
• 48:43
  Speaker 1: like I give back, and you know he's already paying
• 48:51
  Speaker 1: way too much taxes. He's already, I mean, he's he's already.
• 48:56
  Speaker 1: Uh you know why Why does he have to justify
• 49:00
  Speaker 1: his keeping his money by saying I create jobs?
• 49:07
  Speaker 3: What if he didn't create jobs?
• 49:09
  Speaker 1: What if Ken Griffin went on strike, shut down Citadel
• 49:13
  Speaker 1: and kept his two hundred and thirty eight million apartment,
• 49:16
  Speaker 1: didn't create, didn't hire anybody, and sat on his wealth.
• 49:22
  Speaker 1: Then is it okay for New York to text him? No?
• 49:26
  Speaker 3: And that's my point.
• 49:28
  Speaker 1: The point is, and him says, would Mam Donnie be
• 49:33
  Speaker 1: more receptive to your responsive to your message? No, of
• 49:36
  Speaker 1: course not but that's not the point. The point is
• 49:41
  Speaker 1: not to convince, mam Donni. The point is to you know,
• 49:47
  Speaker 1: embolden your employees. This is an email sent to employees.
• 49:51
  Speaker 1: The point is to tell the world. The point is
• 49:55
  Speaker 1: to make a statement and to stop groveling and to
• 49:59
  Speaker 1: stop saying you're destroyers and them. You need to read
• 50:05
  Speaker 1: Ironman's essay on the Sanction of the Victim, which was
• 50:10
  Speaker 1: her last You can find her. You can find actually
• 50:14
  Speaker 1: you can find her delivering the speech. She delivered it
• 50:17
  Speaker 1: in I think it was November December nineteen eighty one
• 50:21
  Speaker 1: in New Orleans, and it was the final speech she
• 50:26
  Speaker 1: gave before she died. She died in March of nineteen
• 50:30
  Speaker 1: eighty two, and that was a final speech, Sanction of
• 50:33
  Speaker 1: the Victim. And it's about businessman who sanctioned the destroyer.
• 50:38
  Speaker 1: And what this is doing is it's sanctioning Mamdani.
• 50:42
  Speaker 3: It's saying, you know, this is too.
• 50:44
  Speaker 1: Much, but look how much I pay taxes already, because
• 50:46
  Speaker 1: I pay so much, so I'm complaining about that.
• 50:49
  Speaker 3: And it's about what I contribute. So uh. The point
• 51:00
  Speaker 3: here is not the commistional, Donni.
• 51:02
  Speaker 1: The point is to finally take a moral stand against
• 51:05
  Speaker 1: these bastards, because it's not only Mum Donny, it's Trump
• 51:09
  Speaker 1: and Biden and Hokil, and it's everybody. It's the entire
• 51:13
  Speaker 1: political class, and it's everywhere. And it's a time for
• 51:17
  Speaker 1: businessmen to stand up and say, keep your grubby hands
• 51:20
  Speaker 1: off of my stuff. It's mine. It's not societies, it's
• 51:26
  Speaker 1: not the general publics. And it's time to say that's
• 51:29
  Speaker 1: your own employees, so that they develop a backbone, they
• 51:34
  Speaker 1: develop a spine.
• 51:36
  Speaker 3: To stand up to the bastards.
• 51:40
  Speaker 1: And it's time that people defended their wealth creation.
• 51:44
  Speaker 3: None in terms of the jobs.
• 51:47
  Speaker 1: They created, but in terms of the productive nature of
• 51:53
  Speaker 1: what they've done and the wealth that they've created. Stop
• 52:00
  Speaker 1: talking about the public good, there's no such thing, and
• 52:04
  Speaker 1: start talking about your own the productive values that you've
• 52:11
  Speaker 1: created and the wealth you've created. Created now we distributed created.
• 52:16
  Speaker 3: Now.
• 52:17
  Speaker 1: Mamdannie can't understand that he's a socialist. For him, all
• 52:20
  Speaker 1: wealth is stolen like Pika from yesterday. You remember on
• 52:25
  Speaker 1: Pik yesterday. They steal from their employees, they steal from
• 52:29
  Speaker 1: the customers. They you know, it's okay to steal from
• 52:30
  Speaker 1: them because corporations is just thieves.
• 52:34
  Speaker 3: Well, it's time for corporations startups say we're not.
• 52:36
  Speaker 1: Thieves, we're producers of values. Your life depends on us.
• 52:40
  Speaker 1: Keep your hands off of the stuff we make. Keep
• 52:43
  Speaker 1: your hands off of the stuff we produce. And by
• 52:47
  Speaker 1: the way, I make billions of dollars for me, I
• 52:54
  Speaker 1: don't make billions of dollars so I can give it
• 52:56
  Speaker 1: to you. I don't make billions of dollars so I
• 52:58
  Speaker 1: can pay taxes. I don't pay billions of dollars so
• 53:00
  Speaker 1: I can make contributions. I don't make billions of dollars.
• 53:03
  Speaker 1: I can build, so I can high up people and
• 53:05
  Speaker 1: build buildings. I make billions of dollars for me, And
• 53:08
  Speaker 1: then how I use it my business, not yours. Stay away.
• 53:16
  Speaker 3: We can hope that maybe one.
• 53:18
  Speaker 1: Day somebody, some businessmen, will stand up and defend himself
• 53:26
  Speaker 1: in that way. All right. We talked a lot about
• 53:36
  Speaker 1: the existence of inside of trading, particularly on prediction markets.
• 53:42
  Speaker 1: In prediction, in these prediction markets where you know, like
• 53:47
  Speaker 1: polymarket Kashi, where you are betting on specific things happening,
• 53:54
  Speaker 1: and how many times people have made a huge amounts
• 53:58
  Speaker 1: of money on making predictions just before an event actually happens,
• 54:03
  Speaker 1: not just prediction markets, often in stock markets, oil markets,
• 54:07
  Speaker 1: asset markets. You're seeing this and you're seeing more of
• 54:11
  Speaker 1: it under Trump than ever before. Anyway, it the government
• 54:19
  Speaker 1: is finally doing something about it. A US soldier has
• 54:25
  Speaker 1: been arrested because he made bets on Madua's capture when
• 54:36
  Speaker 1: he was an Army Special Forces guy who knew that
• 54:41
  Speaker 1: they were off to capture Maduo. So just before the
• 54:44
  Speaker 1: missions started, he placed a thirty two thousand dollars bet
• 54:50
  Speaker 1: that Nicola Maduro would be captured within a you know, imminently,
• 54:55
  Speaker 1: within a very short period of time. And he one
• 55:01
  Speaker 1: four hundred thousand dollars as a consequence. And he has
• 55:14
  Speaker 1: now been arrested, charged in a as a civil complaint
• 55:20
  Speaker 1: for using classified, non public information to make wages related
• 55:25
  Speaker 1: to Madua's capture. He's a sergeant, I guess Gann and
• 55:31
  Speaker 1: Ken van Dyke.
• 55:34
  Speaker 3: Now, I mean, I.
• 55:36
  Speaker 1: Feel sorry for him because here he is using in
• 55:41
  Speaker 1: inside information to make four hundred thousand dollars. And it
• 55:45
  Speaker 1: seems like on a regular basis, officials in the Trump administration,
• 55:50
  Speaker 1: or Trump himself, or his children, or Whitcuff's children or
• 55:55
  Speaker 1: Whitcuff himself are regularly making bets that generate them hundreds
• 56:01
  Speaker 1: of millions of dollars in these markets, and they get nothing.
• 56:06
  Speaker 1: Nothing happens to them. So just before Trump announced the ceasefire, indeed,
• 56:15
  Speaker 1: fifteen minutes before Trump announced the latest indefinite ceasefire with Iran,
• 56:24
  Speaker 1: Trade has placed a four hundred and thirty million dollar
• 56:27
  Speaker 1: bet on oil, not four hundred thousand dollars, not thirty
• 56:35
  Speaker 1: three thousand, a profit of four hundred thousand, four hundred and.
• 56:40
  Speaker 3: Thirty million dollars.
• 56:45
  Speaker 1: That bet was made between seven fifty four and seven
• 56:47
  Speaker 1: fifty six GMT on Tuesday, Right, they sold four thousand,
• 56:57
  Speaker 1: two hundred and sixty lots a bread crude futures with
• 57:01
  Speaker 1: one hundred and thirty million dollars just fifteen minutes before
• 57:04
  Speaker 1: Trump announced an indefinite run ceasefire, prices of oil dropped
• 57:11
  Speaker 1: from one hundred and one to ninety seven and profiting,
• 57:17
  Speaker 1: you know, netting them a nice and nice profit of
• 57:22
  Speaker 1: several million dollars. Now, the same thing happened on March
• 57:28
  Speaker 1: twenty third, where five hundred million dollar investment call it
• 57:33
  Speaker 1: inside a trade was made before Trump delayed a tax
• 57:38
  Speaker 1: on Iranian infrastructure nine hundred and fifty million dollars on
• 57:41
  Speaker 1: April seventh, before two weeks is fire, and seven hundred
• 57:45
  Speaker 1: and sixty million on April seventeenth, a head of news
• 57:48
  Speaker 1: that the States of Homos would reopen to shipping, which
• 57:51
  Speaker 1: it never did, but the announcement caused all prices to
• 57:54
  Speaker 1: come down a lot. Now, clearly somebody has inside information
• 58:01
  Speaker 1: about what Trump is about to announce.
• 58:04
  Speaker 3: Somebody is in a circle is trading this.
• 58:09
  Speaker 1: But since it's four hundred and thirty million or five
• 58:12
  Speaker 1: hundred million, nine and fifty million, I mean, we're talking
• 58:14
  Speaker 1: about well over a billion dollars being traded, close to
• 58:17
  Speaker 1: actually two billion dollars, I guess that doesn't want any
• 58:23
  Speaker 1: arrests the poor Special Forces soldiers.
• 58:26
  Speaker 3: He's going to go to jail.
• 58:28
  Speaker 1: These big shots, big wigs part of the Trump circle,
• 58:36
  Speaker 1: they I guess are protected. You know, if you're part
• 58:42
  Speaker 1: of that, in a circle, you suffer no consequences for
• 58:45
  Speaker 1: the inside of trading you engage in pretty pathetic, if
• 58:50
  Speaker 1: you ask me, pretty pathetic. All right, that's weird why
• 59:06
  Speaker 1: that didn't register anyway, That's an inside the trading story.
• 59:15
  Speaker 1: All right.
• 59:16
  Speaker 3: I want to show you a video.
• 59:18
  Speaker 1: This video is basically suggestive of the ability the math
• 59:26
  Speaker 1: ability of people in this administration. Let's see if we okay,
• 59:31
  Speaker 1: this is a scene from the White House. I guess yesterday,
• 59:36
  Speaker 1: oh today, Uh, you've got RFK Jr. He's going to
• 59:40
  Speaker 1: be the one speaking. He's got a difficult voice. So
• 59:44
  Speaker 1: there is subtitle so you'll be able to read along
• 59:47
  Speaker 1: to see what he says. And uh, just let me
• 59:51
  Speaker 1: know what you think of this. Uh, both in math,
• 59:54
  Speaker 1: and then you'll notice something else. He says that it
• 59:56
  Speaker 1: is pretty upsetting as well. But but min's the math,
• 1:00:00
  Speaker 1: Beth simple math. This is well, it's not this tradition subjection.
• 1:00:05
  Speaker 1: This is division, division and percentages. Notice the abilities of
• 1:00:13
  Speaker 1: the Trump administration. Uh, all right, here we go. Let
• 1:00:18
  Speaker 1: me press play me.
• 1:00:20
  Speaker 3: If you can't hear it, let me know.
• 1:00:22
  Speaker 2: I was reminded when the President was speaking of a
• 1:00:26
  Speaker 2: conversation that I had yesterday with one of the Democratic
• 1:00:29
  Speaker 2: senators who was questioning me during the hearing, and she
• 1:00:33
  Speaker 2: was ridiculing President Trump for his math, and she was saying,
• 1:00:37
  Speaker 2: isn't mathematically impossible to have it a drug drop by
• 1:00:40
  Speaker 2: six cost, which she had claimed, And I said, well,
• 1:00:45
  Speaker 2: if the drug was one hundred dollars and it raised
• 1:00:49
  Speaker 2: the price of six hundred dollars, that would be a
• 1:00:50
  Speaker 2: six hundred percent rise.
• 1:00:53
  Speaker 1: If it drops from six hundred to one.
• 1:00:54
  Speaker 2: Hundred, that's a six hundred saying, and the president you
• 1:01:00
  Speaker 2: is that mathematical device. He illustrates the magnitude of the
• 1:01:05
  Speaker 2: theft that has been happening against our country and our people.
• 1:01:09
  Speaker 1: As he said, I was.
• 1:01:15
  Speaker 3: All right, here, here's the math.
• 1:01:18
  Speaker 1: Right, So if a drug price goes up from one
• 1:01:22
  Speaker 1: hundred to six hundred, RFK tells us that is increased
• 1:01:27
  Speaker 1: in price by six hundred percent. Now even that is
• 1:01:33
  Speaker 1: not true. Math people, math division percentages. Even that is
• 1:01:39
  Speaker 1: not true. That is five hundred percent, right, It's not
• 1:01:43
  Speaker 1: six hundred percent. It's five hundred percent six hundred minus
• 1:01:46
  Speaker 1: one hundred divided by one hundred. It went up five
• 1:01:50
  Speaker 1: hundred percent. Okay, that's a small era. He misspoke, No
• 1:01:55
  Speaker 1: big deal. He's only Health and Human Services secretary. Is
• 1:02:00
  Speaker 1: not like science. Go oh wait a minute, they do science,
• 1:02:03
  Speaker 1: they fund anyway, it doesn't matter. He's Health in Human Services, right,
• 1:02:07
  Speaker 1: so we can forgive that. That's just maybe misspoken. But
• 1:02:10
  Speaker 1: then he says, when device goes from six hundred to
• 1:02:13
  Speaker 1: one hundred, that is a saving of six hundred percent,
• 1:02:19
  Speaker 1: because it was an increase of six hundred and therefore,
• 1:02:22
  Speaker 1: if you do away with it, that's a saving of
• 1:02:24
  Speaker 1: six hundred percent. Now, with all due respect, that is
• 1:02:32
  Speaker 1: pretty stupid, moronic, in basilic, and ignorant.
• 1:02:40
  Speaker 3: But he's only health.
• 1:02:41
  Speaker 1: And human services. Because when you if you you know,
• 1:02:45
  Speaker 1: you go for six hundred to one hundred, that's an
• 1:02:49
  Speaker 1: eighty three point three percent decrease one hundred minus six
• 1:02:55
  Speaker 1: hundred divided by six hundred times one hundred to get
• 1:02:59
  Speaker 1: the percentages, that's eighty three point three percent. It's not
• 1:03:04
  Speaker 1: that hard. It's basic math you learn in I don't
• 1:03:09
  Speaker 1: know when do you learn this. Maybe some of you
• 1:03:11
  Speaker 1: can tell me when you learn this fifth grade, sixth grade,
• 1:03:14
  Speaker 1: maybe ninth grade, eighth grade, I don't know. It seems
• 1:03:16
  Speaker 1: like this comes before algebra. It's not difficult. If the
• 1:03:23
  Speaker 1: drug price goes from one hundred to zero, that is
• 1:03:27
  Speaker 1: one hundred percent decline, one hundred percent decline. A six
• 1:03:34
  Speaker 1: hundred percent decline would mean that the drug price went negative,
• 1:03:39
  Speaker 1: literally negative. The drug companies will pay you to take
• 1:03:44
  Speaker 1: the drug. And Trump has said this often. Trump has
• 1:03:49
  Speaker 1: used this math often. Trump is a is a economic
• 1:03:53
  Speaker 1: and mathematical mobid, so it's not surprising. He's often said, oh,
• 1:03:57
  Speaker 1: one hundreds of percent, one thousand percent, six hundred about talus,
• 1:04:01
  Speaker 1: about other things, decline drug prices, six hundred percent, He's
• 1:04:04
  Speaker 1: often said that, And it's just it's it's it's stupid,
• 1:04:07
  Speaker 1: it's it's just not good math. It's just basic stuff.
• 1:04:10
  Speaker 1: This is not hard. Now we've got the held in
• 1:04:14
  Speaker 1: Human Services A. Kennedy reinforcing this and saying, oh, well.
• 1:04:20
  Speaker 3: But it's absolutely true. Now, note that.
• 1:04:25
  Speaker 1: It's hard to blame Kennedy because he is a guy
• 1:04:29
  Speaker 1: who is admitted that he had a worm in his brain,
• 1:04:35
  Speaker 1: and that the brain that the warm ate some of
• 1:04:38
  Speaker 1: his brain.
• 1:04:39
  Speaker 3: And I guess the the.
• 1:04:42
  Speaker 1: You know, the warm ate the reasoning part of his brain,
• 1:04:48
  Speaker 1: the capacity to reason, the capacity to not lie, and
• 1:04:53
  Speaker 1: the capacity to do basic simple math. I don't know
• 1:04:56
  Speaker 1: what Trump's excuse is. I think the Trump's excuses he
• 1:05:00
  Speaker 1: just doesn't care. Six hundred percent just sounds better. I mean,
• 1:05:03
  Speaker 1: imagines saying eighty three point three decline versus saying six
• 1:05:08
  Speaker 1: hundred percent decline. Six hundred percent is a much bigger
• 1:05:10
  Speaker 1: number and they form much better. So Trump's excuse is
• 1:05:13
  Speaker 1: he just doesn't care. He just lies just as as
• 1:05:19
  Speaker 1: as the thing he does. Kennedy has an excuse. The
• 1:05:28
  Speaker 1: excuse is the wom the woman. The woman ate his brain.
• 1:05:34
  Speaker 1: All right, Uh, let's see. Last issue is you know
• 1:05:41
  Speaker 1: everybody talks about affordability, now footability. It doesn't mean anything.
• 1:05:48
  Speaker 1: You know, what is affordable? What does the footable mean?
• 1:05:50
  Speaker 1: How do you measure fodability? Basically, what they're trying to
• 1:05:54
  Speaker 1: capture is this idea the things are going up in price,
• 1:05:57
  Speaker 1: things are getting more expensive, and people seem to have
• 1:06:02
  Speaker 1: difficulty affording stuff, affording things. Uh, you know, a salary
• 1:06:10
  Speaker 1: doesn't go as far as it used to. Everything is
• 1:06:14
  Speaker 1: more more expensive. So what do we do about the
• 1:06:17
  Speaker 1: affordability crisis? So called affordability crisis?
• 1:06:22
  Speaker 3: So why are things so expensive?
• 1:06:24
  Speaker 1: And what could we do to actually do something about,
• 1:06:31
  Speaker 1: you know, things that could actually reduce prices, actually make
• 1:06:34
  Speaker 1: things really in a real sense more affordable for people,
• 1:06:42
  Speaker 1: not in a sense of a so called affordability crisis.
• 1:06:45
  Speaker 1: But what could we do to actually make prices go down?
• 1:06:49
  Speaker 1: Help prices go down? Legit that most economists, or at
• 1:06:53
  Speaker 1: least dozens of economists would agree on. Well, Scott Linsk,
• 1:06:57
  Speaker 1: who's been on the show a couple of times. How
• 1:07:00
  Speaker 1: an editorial in in Bloomberg. I think it's in Bloomberg. Yeah,
• 1:07:10
  Speaker 1: in Bloomberg Opinion are covering this. And here's some of
• 1:07:14
  Speaker 1: his proposals, those quick proposals making things less expensive. How
• 1:07:21
  Speaker 1: about we eliminate input barriers, not just Trump tariffs, but
• 1:07:28
  Speaker 1: all tariffs.
• 1:07:31
  Speaker 3: Even the ones legislated by Congress.
• 1:07:34
  Speaker 1: But what about all the quotas and all the regulatory
• 1:07:38
  Speaker 1: restrictions and all the so called trade remedies and all
• 1:07:43
  Speaker 1: the by America rules and the Jones Act. I mean,
• 1:07:49
  Speaker 1: if you got rid of that, the Jones Act, the
• 1:07:52
  Speaker 1: Buy America rules, the tariffs, the trade restrictions, the quotas,
• 1:07:57
  Speaker 1: the all of that stuff, prices would tumble. Prices for
• 1:08:05
  Speaker 1: imported goods would go down a lot, a lot, and
• 1:08:11
  Speaker 1: we get a lot more imported goods that.
• 1:08:13
  Speaker 3: Are cheaper than the stuff we buy now.
• 1:08:16
  Speaker 1: And it would create competition, and it'd be innovation, and
• 1:08:21
  Speaker 1: we would have a faster going economy. A lot of
• 1:08:24
  Speaker 1: good stuff would come just from that simple, simple unilateral
• 1:08:28
  Speaker 1: free trade. Get rid of Jones Act, and our economy booms.
• 1:08:33
  Speaker 1: Has a huge impact. And then.
• 1:08:38
  Speaker 3: How about we get rid of state and local protectionism.
• 1:08:42
  Speaker 1: Licensing laws, zoning regulations, auddealer regulations, cottage food rules, all
• 1:08:52
  Speaker 1: these different things you know. I'll just read from Scott's article.
• 1:08:57
  Speaker 1: State in local protectionism does two. Occupational licensing, which covers
• 1:09:02
  Speaker 1: one in four workers, blocks competition and increases the price
• 1:09:06
  Speaker 1: of legal advice, childcare, education, home repay, and other services
• 1:09:10
  Speaker 1: with little quality. Premium Certificate of need laws prevent new
• 1:09:15
  Speaker 1: health care facilities from competing with cost air incumbent hospitals,
• 1:09:19
  Speaker 1: cottage food laws, food truck restrictions, and alcohol distribution regulations call.
• 1:09:25
  Speaker 3: Food and drink options.
• 1:09:27
  Speaker 1: Zoning strangles housing supply and keeps rents high. Auto dealer
• 1:09:32
  Speaker 1: franchise laws did I lost my point? Auto dealer franchise
• 1:09:39
  Speaker 1: laws by direct to consumer sales and impose a middleman
• 1:09:42
  Speaker 1: tax of up to five thousand dollars per vehicle, And
• 1:09:46
  Speaker 1: the list goes on. Protectionism, he writes, also isn't the
• 1:09:50
  Speaker 1: only policy making prices higher than necessity. Renewable fuel mandates
• 1:09:55
  Speaker 1: force corn and soybeans and the gas tanks inflating food costs.
• 1:10:00
  Speaker 1: Federal regulations make appliances more expensive and perversely often less efficient.
• 1:10:06
  Speaker 1: Immigration restrictions block construction, agriculture, childcare, elder care, and medical
• 1:10:12
  Speaker 1: workers in high demand, pressuring prices in those industries. True,
• 1:10:18
  Speaker 1: there are dozens of these supply side restrictions at all
• 1:10:22
  Speaker 1: levels of government, and economists support reforming many of them. Individually,
• 1:10:28
  Speaker 1: these changes might save households a few bucks. Collectively, they
• 1:10:33
  Speaker 1: could mean thousands of dollars in annual saving, Yet few
• 1:10:37
  Speaker 1: elected officials are willing to champion them. So, yeah, and again,
• 1:10:47
  Speaker 1: if I were economic whatever, dictator, whatever, these the kind
• 1:10:53
  Speaker 1: of things you would do. The first thing you want
• 1:10:54
  Speaker 1: to do if you want to make the economy move
• 1:10:59
  Speaker 1: the economy to a healthier footing, a right suspecting footy,
• 1:11:05
  Speaker 1: but us a healthier economic footing is get rid of
• 1:11:08
  Speaker 1: all restrictions on supply. Create a booming economy, and then
• 1:11:13
  Speaker 1: it's easy to get rid of the welfare state once
• 1:11:15
  Speaker 1: everybody has a job, once the economy is going at
• 1:11:18
  Speaker 1: five percent, get rid of the regulations, the controls, the
• 1:11:23
  Speaker 1: things that just make everything more expensive, make everything more difficult,
• 1:11:29
  Speaker 1: time to consumed, time and money and effort. Yeah, So
• 1:11:38
  Speaker 1: I encourage you to follow Scott Linds again. Check out
• 1:11:40
  Speaker 1: his pad and follow his other writings. He's really good
• 1:11:43
  Speaker 1: on these policy economic policy issues. All right, Yes, that
• 1:11:54
  Speaker 1: is the news for this Friday, April twenty fourth.
• 1:11:57
  Speaker 3: Thanks for listening.
• 1:11:59
  Speaker 1: I appreciate it, appreciate it. Yes, I mean economic dictators
• 1:12:05
  Speaker 1: don't think that way, and I wouldn't want to be
• 1:12:07
  Speaker 1: an economic dictator.
• 1:12:08
  Speaker 3: Don't believe in it.
• 1:12:10
  Speaker 1: All right. I will remind you that the show is
• 1:12:13
  Speaker 1: funded through contributions and support from people like you, listener support.
• 1:12:18
  Speaker 1: Can't have a show without you supporting it, and I
• 1:12:21
  Speaker 1: have goals. Goals are basically kind of minimum requirements for
• 1:12:26
  Speaker 1: funding the show, for paying me enough to justify the
• 1:12:31
  Speaker 1: time I put in preparing and delivering a daily news show,
• 1:12:35
  Speaker 1: plus a bunch of shows on the weekend. When I
• 1:12:41
  Speaker 1: do fewer shows, this last income. When I do more shows,
• 1:12:43
  Speaker 1: there's more income. So that's all taken into account. But
• 1:12:48
  Speaker 1: we've got to cover those show expenses. We got to
• 1:12:51
  Speaker 1: cover the time. So two hundred and fifty dollars an
• 1:12:54
  Speaker 1: hour is what I've said. And for those of.
• 1:12:57
  Speaker 3: You watching live, this is the burden you carry.
• 1:13:01
  Speaker 4: I guess you get a trade with me by supporting
• 1:13:05
  Speaker 4: the show through stickers or by asking questions, and that's
• 1:13:09
  Speaker 4: dictating the direction of the show, dictating to me what
• 1:13:12
  Speaker 4: I speak.
• 1:13:12
  Speaker 1: About, because I read every single one of the questions
• 1:13:15
  Speaker 1: and I answer them all, answer them all. So jump
• 1:13:20
  Speaker 1: in with any question comment you might have, and you
• 1:13:26
  Speaker 1: know you can do a super chat. You can do
• 1:13:27
  Speaker 1: it for two dollars, you can do five hundred dollars.
• 1:13:29
  Speaker 1: Can't do one than five hundred, and support the show
• 1:13:33
  Speaker 1: that way. Also, if you can and then become a
• 1:13:39
  Speaker 1: monthly supporter of the show, that is incredibly predictable and
• 1:13:43
  Speaker 1: really really valuable because I know exactly what's coming every
• 1:13:45
  Speaker 1: month from Patreon and PayPal. But if you're new and
• 1:13:50
  Speaker 1: check out Patreon, Patreon dot com, patreonon dot com just
• 1:13:54
  Speaker 1: like it sounds, and just put your on books show
• 1:13:58
  Speaker 1: and become a monthly supporter of the show. I'm trying
• 1:14:01
  Speaker 1: to get ten new monthly subscribers every month net because
• 1:14:04
  Speaker 1: some people leave, some people at We've got a week
• 1:14:09
  Speaker 1: to get to that point, So please consider supporting your
• 1:14:12
  Speaker 1: show over the next over the next week on Patreon,
• 1:14:16
  Speaker 1: Patreon dot com. Again, you can do there two dollars
• 1:14:20
  Speaker 1: all the way to five, all the way to one
• 1:14:21
  Speaker 1: thousand dollars. At ten dollars, you get an ad free
• 1:14:26
  Speaker 1: version of the podcast. At twenty five dollars, you get
• 1:14:30
  Speaker 1: a participate on that video panel that ask me questions
• 1:14:33
  Speaker 1: on the AMA, which we'll have an AMA tomorrow.
• 1:14:36
  Speaker 3: At twelve o'clock Eastern time.
• 1:14:37
  Speaker 1: Tomorrow, twelve o'clock Eastern time, AMA with a video panel
• 1:14:41
  Speaker 1: and your questions on super Chat. At one hunt two
• 1:14:46
  Speaker 1: hundred and fifty dollars turn and fifty dollars, you get
• 1:14:48
  Speaker 1: a one on one with me every quarter. At five
• 1:14:51
  Speaker 1: hundred dollars, you get a one on one with me
• 1:14:52
  Speaker 1: every month if you want so.
• 1:14:57
  Speaker 3: Yeah, Uh, Patreon is ideal.
• 1:15:01
  Speaker 1: For a thousand dollars, you can sponsor the show and
• 1:15:04
  Speaker 1: I will mention you as a sponsor. So those are
• 1:15:08
  Speaker 1: the options. Talking about sponsors, let's start with the Ironman Institute.
• 1:15:13
  Speaker 1: Down May Institute right now is reminding you of the
• 1:15:16
  Speaker 1: Atlas Shrugged Essay Contest. I don't know if you saw
• 1:15:19
  Speaker 1: this announcement, but the Outlas Shrugged Essay Contest now has
• 1:15:23
  Speaker 1: a top prize of a hundred thousand dollars. The winner
• 1:15:29
  Speaker 1: of the essay contest this year twenty twenty six will
• 1:15:31
  Speaker 1: get a hundred thousand dollars. It's going to involve an essay,
• 1:15:38
  Speaker 1: a verbal exam, and a presentation. You'll have to do
• 1:15:42
  Speaker 1: all three to win the prize. Bet. You should be
• 1:15:45
  Speaker 1: applying now. It's sixteen to twenty two year olds can apply.
• 1:15:50
  Speaker 1: Please if you are sixteen to twenty two consider doing this.
• 1:15:55
  Speaker 1: Go to inrand dot oak slash start here, ironran slash
• 1:16:00
  Speaker 1: start here. You will find information about it and yeah,
• 1:16:10
  Speaker 1: you know what's the downside? One hundred thousand dollars essay contest.
• 1:16:16
  Speaker 1: You can also find it in more information on atless
• 1:16:20
  Speaker 1: prize dot org, Atlasprize dot og one hundred thousand dollars.
• 1:16:27
  Speaker 1: And the hope is we get a lot more people
• 1:16:30
  Speaker 1: reading out the shrugged as a consequence of this. So
• 1:16:33
  Speaker 1: we're going to advertise this market this get the wood
• 1:16:36
  Speaker 1: out there. First prize one hundred thousand. Second price isn't bad.
• 1:16:41
  Speaker 1: Second price is twenty five thousand, third place ten thousand,
• 1:16:46
  Speaker 1: fourth and fifth place five thousand, and then there's going
• 1:16:49
  Speaker 1: to be several runner ups, and the runner ups get
• 1:16:53
  Speaker 1: one thousand dollars each. So we're talking about a massive
• 1:16:58
  Speaker 1: prize pool here that I think makes a lot of sense.
• 1:17:03
  Speaker 1: Just have been an essay, So check it out, guys,
• 1:17:06
  Speaker 1: check it out and yeah, answer you know that we
• 1:17:17
  Speaker 1: questions and you'll write and write an essay and then,
• 1:17:20
  Speaker 1: as I said, this whole process for determining the winners.
• 1:17:24
  Speaker 1: So I'm excited and I hope you know there's a
• 1:17:27
  Speaker 1: on the at LIS On the Athlesprize dot org you'll
• 1:17:31
  Speaker 1: find the rules, the official rules.
• 1:17:34
  Speaker 3: I mean, this is this is the real thing.
• 1:17:36
  Speaker 1: We we Dinat Institute probably runs the largest I say
• 1:17:39
  Speaker 1: contest in the world, so we do. We do this
• 1:17:41
  Speaker 1: often and we know we can't have this down, but
• 1:17:44
  Speaker 1: this is new. The kind of scale of the prizes
• 1:17:47
  Speaker 1: is definitely new. The let's see, UH alex Epstein is
• 1:17:58
  Speaker 1: the world authority on US our fuels and on environmentalism
• 1:18:03
  Speaker 1: and UH climate change and all the rest of that crap.
• 1:18:10
  Speaker 1: He's also getting into writing a lot about AI. I
• 1:18:15
  Speaker 1: think he's like, he's a defendive energy right now, but
• 1:18:18
  Speaker 1: the next industry he's going to be defending is AI.
• 1:18:23
  Speaker 1: So I encourage you guys to follow him alex Epstein
• 1:18:27
  Speaker 1: dot Substack dot com, alex Epstein dot com. You'll learn
• 1:18:31
  Speaker 1: a lot. And now with AI. I'm looking forward to
• 1:18:33
  Speaker 1: reading the essays on AI. I don't know that you know,
• 1:18:36
  Speaker 1: I'm sure there's a ton for me to learn on that.
• 1:18:38
  Speaker 1: And Alex is way ahead of many people on the
• 1:18:41
  Speaker 1: AI fund. He has an alex Ai as an alex
• 1:18:44
  Speaker 1: Ai pro. I mean, what this thing does is pretty amazing,
• 1:18:48
  Speaker 1: really really really impressive.
• 1:18:53
  Speaker 3: So yeah, check it out. Check it out.
• 1:18:56
  Speaker 1: Uh Michael Williams Defenders of Capitalism dot com. Defenders of
• 1:19:02
  Speaker 1: Capitalism dot com. Uh, He and I often go out
• 1:19:07
  Speaker 1: there to speak about capitalism. Defend capitalists seminars talks, long, short,
• 1:19:12
  Speaker 1: all kinds of formats.
• 1:19:13
  Speaker 3: I'll be doing something in Austin.
• 1:19:15
  Speaker 1: Where you know, I'm gonna do a whole seminar on capitalism.
• 1:19:18
  Speaker 3: We're doing it in We do it regularly in Denver.
• 1:19:22
  Speaker 1: You too can hire us to come and present on
• 1:19:26
  Speaker 1: capitalism to you know, your group. Uh, so consider doing that.
• 1:19:32
  Speaker 1: Check out Defenders of Capitalism dot Com. Finally, hand a
• 1:19:35
  Speaker 1: shot Wealth, hendershout Wealth dot com slash ybs handersh our Wealth.
• 1:19:39
  Speaker 1: They have all kinds of investment solutions uh that are.
• 1:19:45
  Speaker 3: Uh, that are worthwhile, uh.
• 1:19:48
  Speaker 1: That uh I think really help you gain a you know,
• 1:19:55
  Speaker 1: a kind of a big picture understanding of your financial
• 1:20:00
  Speaker 1: situation and then protect you from various taxes.
• 1:20:04
  Speaker 3: Particularly they've got a product. They can protect you from
• 1:20:07
  Speaker 3: capital gains taxes.
• 1:20:09
  Speaker 1: If you're selling you know, some really appreciated stock, or
• 1:20:13
  Speaker 1: you're selling a business, check it out check out hand
• 1:20:17
  Speaker 1: a shot with two t's weal dot com slash ybs.
• 1:20:20
  Speaker 1: You can also find the interview I did with Robert
• 1:20:22
  Speaker 1: hand a shot on my.
• 1:20:25
  Speaker 3: YouTube channel.
• 1:20:28
  Speaker 1: On the playlists subscribe the subscriber this sorry sponsor playlist,
• 1:20:34
  Speaker 1: you'll find that video. All right, thank you guys, thanks
• 1:20:41
  Speaker 1: to all the super shadows.
• 1:20:42
  Speaker 3: Let's jump in with questions.
• 1:20:44
  Speaker 1: All right, we'll start with selfie subscriber fifty dollars, thank yourself.
• 1:20:48
  Speaker 3: Oh, we've got a bunch.
• 1:20:49
  Speaker 1: Of of what do you call it, A bunch of
• 1:20:59
  Speaker 1: people who just did stickers without asking a question. So
• 1:21:03
  Speaker 1: let me thank them quickly. Testa thank you for the
• 1:21:05
  Speaker 1: twenty dollars. Really appreciate that. Gail, thank you, Flood and Nick,
• 1:21:10
  Speaker 1: thank you, and let's see Mary Eileen, thank you, and
• 1:21:17
  Speaker 1: I thought I saw let's see ESIV thank you, and
• 1:21:23
  Speaker 1: apple Jack thank you. Yeah, this is great. Thank you
• 1:21:27
  Speaker 1: guys for the stickers. You can still do stickers. Were
• 1:21:30
  Speaker 1: wait below where we need to be for our goal?
• 1:21:34
  Speaker 1: So like we're twohndred sixty four short of our second hour. Now,
• 1:21:37
  Speaker 1: selfie subscriber, it looks like you did a sticker, but
• 1:21:41
  Speaker 1: I guess it didn't really register.
• 1:21:43
  Speaker 3: I don't know if.
• 1:21:44
  Speaker 1: You retracted it, deleted it, or if it went through
• 1:21:48
  Speaker 1: or didn't go through.
• 1:21:50
  Speaker 3: I don't knows.
• 1:21:51
  Speaker 1: I don't know if if that fifty dollars counts or not.
• 1:21:54
  Speaker 1: But in any case, thank you, And I know you've
• 1:21:56
  Speaker 1: asked a fifty dollars question, so thank you.
• 1:21:58
  Speaker 3: We're still let's just see that that did go through.
• 1:22:00
  Speaker 1: So it's still about two hundred fourteen dollars short of
• 1:22:03
  Speaker 1: our second hour goal. So stickers one dollar, two dollars,
• 1:22:06
  Speaker 1: one hundred dollars, anything really really helps chip away and
• 1:22:10
  Speaker 1: to get us to the goal we need to get.
• 1:22:13
  Speaker 1: Thank you, friend Harper for a twenty dollars sticker that
• 1:22:16
  Speaker 1: really helps start. We chip away at a twenty dollars
• 1:22:18
  Speaker 1: twenty dollars. Twenty dollars doesn't take too many of you
• 1:22:21
  Speaker 1: to get there. Ten twenty dollars. That's two hundred and
• 1:22:23
  Speaker 1: we're done. So are there ten people out there? Of
• 1:22:27
  Speaker 1: one hundred and twenty eight hundred and thirty people watching
• 1:22:30
  Speaker 1: right now that would be willing to contribute twenty dollars
• 1:22:35
  Speaker 1: to the run book show to keep it going, all right,
• 1:22:40
  Speaker 1: selfie subscriber fifty bucks, Thank you. Do you think it's
• 1:22:43
  Speaker 1: possible for politician to be trustworthy?
• 1:22:50
  Speaker 3: I mean probably not.
• 1:22:52
  Speaker 1: I think the reality I mean it's possible, I guess,
• 1:22:56
  Speaker 1: But the reality is that in order to become a politician,
• 1:23:00
  Speaker 1: there's so many sleazy things you have to do, so
• 1:23:04
  Speaker 1: many compromises, you have to make, so many ways in
• 1:23:09
  Speaker 1: which you have to sell your soul. Then it becomes
• 1:23:13
  Speaker 1: very difficult for you to hold.
• 1:23:15
  Speaker 3: On even if you are start out.
• 1:23:19
  Speaker 1: As a good person. And you can see people who
• 1:23:22
  Speaker 1: start out their political life and they seem like good people,
• 1:23:24
  Speaker 1: and then it just erodes them because they're constantly facing
• 1:23:28
  Speaker 1: situations of where they in order to achieve anything, or
• 1:23:34
  Speaker 1: at least be perceived as achieving anything, in order to
• 1:23:37
  Speaker 1: get re elected, in order.
• 1:23:39
  Speaker 3: To just survive.
• 1:23:41
  Speaker 1: I think in Congress they have to compromise and they
• 1:23:45
  Speaker 1: have to sell their soul. They have to, you know,
• 1:23:48
  Speaker 1: and I think it's inevitable. And at some point all
• 1:23:52
  Speaker 1: of them become cynical and they lie more and more,
• 1:23:58
  Speaker 1: and they become less and less trustworthy. So I think
• 1:24:00
  Speaker 1: some politicians start out being that way trustworthy, but I
• 1:24:05
  Speaker 1: don't know if any that have managed to sustain it
• 1:24:08
  Speaker 1: and maintain it.
• 1:24:10
  Speaker 3: The power corrupts.
• 1:24:12
  Speaker 1: Power corrupts political power, and the more political power you have,
• 1:24:17
  Speaker 1: the more it corrupts, and the closer you are to
• 1:24:20
  Speaker 1: political power, the more you get corrupted. Stephen Harper, thank
• 1:24:31
  Speaker 1: you for the sticker. Really appreciate it.
• 1:24:36
  Speaker 3: All right, So we are now.
• 1:24:40
  Speaker 1: Let's say, one point fifty four away from our goal. Michael,
• 1:24:46
  Speaker 1: why do you think it is that hundreds of thousands,
• 1:24:49
  Speaker 1: if not millions of people have seen your videos or
• 1:24:53
  Speaker 1: debates online and haven't subscribed to your channel or at
• 1:24:56
  Speaker 1: least become curious about objectivism because they find what I
• 1:25:01
  Speaker 1: say you're pugnant, because they reject it and they don't
• 1:25:05
  Speaker 1: agree with it, and they dislike it. And yeah, I mean,
• 1:25:08
  Speaker 1: there's no question in my mind because I know this,
• 1:25:11
  Speaker 1: because I know some of my videos, some of my
• 1:25:14
  Speaker 1: short videos, have reached millions of people. Some my long videos,
• 1:25:18
  Speaker 1: like my debates, have reached hundreds of thousands of people.
• 1:25:23
  Speaker 1: And that's only in the platforms where I can easily
• 1:25:25
  Speaker 1: measure so easily millions.
• 1:25:27
  Speaker 3: Of people have encountered my content.
• 1:25:30
  Speaker 1: I mean, I had a couple of leftists at the
• 1:25:32
  Speaker 1: Denver debate that I did recently who came up to me.
• 1:25:35
  Speaker 1: They were leftists and they said they'd seen my videos,
• 1:25:37
  Speaker 1: they knew who I was. They appreciated what I did,
• 1:25:40
  Speaker 1: even though though they disagreed with me, they were very
• 1:25:42
  Speaker 1: nice about it. And they just don't agree. I'm just
• 1:25:47
  Speaker 1: not convincing enough. And I think partially the context of
• 1:25:53
  Speaker 1: knowledge is such that they they can't, they can't, won't,
• 1:25:59
  Speaker 1: don't want to get it. Some of you I know
• 1:26:03
  Speaker 1: started out as leftist, started out as new right, or
• 1:26:06
  Speaker 1: started out as not carrying one way or the other
• 1:26:09
  Speaker 1: and being convinced by me. Other people are not, and
• 1:26:13
  Speaker 1: they're not because of the choices that they make and
• 1:26:16
  Speaker 1: the context in which they come from. Many people need
• 1:26:21
  Speaker 1: to read Fountain and to be convinced, not hear me
• 1:26:24
  Speaker 1: talk about the news to be convinced. So it it's
• 1:26:29
  Speaker 1: the kind of content. Different people want, different content, and
• 1:26:32
  Speaker 1: it's the extent to which it's it's convincing and whether
• 1:26:39
  Speaker 1: they are open enough to be convinced. Remember a lot
• 1:26:43
  Speaker 1: of that. A lot of people just watch a few
• 1:26:45
  Speaker 1: minutes They don't watch whole shows, and they don't watch
• 1:26:48
  Speaker 1: several shows. So the problem with the news shows that
• 1:26:51
  Speaker 1: I do is if you don't know my perspective, if
• 1:26:54
  Speaker 1: you don't know where I'm coming from, if you haven't
• 1:26:57
  Speaker 1: watched shows and you haven't seen my philosophical stuff and
• 1:27:00
  Speaker 1: you don't connect it, then you might be turned off
• 1:27:04
  Speaker 1: by something I say in the news, not understanding the
• 1:27:07
  Speaker 1: full context because I don't provide the full context every
• 1:27:11
  Speaker 1: single time because I couldn't. And it's only if you
• 1:27:16
  Speaker 1: it's only if you.
• 1:27:18
  Speaker 3: Listen to.
• 1:27:22
  Speaker 1: A number of my shows, a lot of my shows
• 1:27:24
  Speaker 1: do you start gaining a context for my perspective on
• 1:27:31
  Speaker 1: the news. In this case, like like the war, I
• 1:27:33
  Speaker 1: might say, yeah, I shaid bambamah, and it sounds pretty ruthless.
• 1:27:37
  Speaker 1: And if you don't understand my perspective and what I've
• 1:27:39
  Speaker 1: written on just both theory and what I've argued, and
• 1:27:43
  Speaker 1: you know, you could just say yo, you said not
• 1:27:46
  Speaker 1: I don't. I don't have anything to do with it.
• 1:27:49
  Speaker 1: So it's it's difficult. This is not easy stuff. Liam
• 1:27:56
  Speaker 1: to clarifying your question from yesterday's show, If we are
• 1:28:00
  Speaker 1: if we are calm and rational and stick to facts.
• 1:28:04
  Speaker 1: We should be winning, but the exact opposite is happening.
• 1:28:08
  Speaker 1: I was referring to the objective's movement, not the one
• 1:28:10
  Speaker 1: you're on. Oh yeah, And I think we are and
• 1:28:15
  Speaker 1: rational and stick to facts, and I think we are winning.
• 1:28:18
  Speaker 1: So I don't get the idea that we're out winning.
• 1:28:25
  Speaker 1: I mean, what does many winning look like? You know,
• 1:28:30
  Speaker 1: it depends on your time frame. If what you mean
• 1:28:34
  Speaker 1: by winning is now, yeah, we're not winning now. But
• 1:28:37
  Speaker 1: I don't think being calm and sticking to facts means
• 1:28:39
  Speaker 1: winning now. I think being calm, sticking to facts means
• 1:28:44
  Speaker 1: winning in the long run, and I think we are
• 1:28:46
  Speaker 1: winning in the long run. We will win in the
• 1:28:47
  Speaker 1: long run. But the long run is a long run.
• 1:28:52
  Speaker 1: It could be fifty years, it could be one hundred years.
• 1:28:55
  Speaker 1: But we're growing. We have more people speaking, we're more vocal,
• 1:29:02
  Speaker 1: we have a bigger presence, and over time we will
• 1:29:05
  Speaker 1: grow and grow and grow, and ultimately we will win.
• 1:29:10
  Speaker 1: But if I don't consider winning tomorrow a winning in
• 1:29:15
  Speaker 1: four years, a winning on the timescale of politics, I
• 1:29:18
  Speaker 1: consider winning on the timescale of cultural change, and cultural
• 1:29:24
  Speaker 1: change winning is measured in generations. It's mentioned in it's
• 1:29:30
  Speaker 1: measured in probably centuries. I mean, think about how long
• 1:29:37
  Speaker 1: did it take How long did it take Aristot Ought
• 1:29:42
  Speaker 1: to win? Well, I mean by one measure, you know,
• 1:29:49
  Speaker 1: over two thousand years, from five hundred BC to four
• 1:29:53
  Speaker 1: hundred BC to I don't know, the Enlightenment. By another measure,
• 1:29:59
  Speaker 1: you could say, okay, once he was rediscovered in the West,
• 1:30:01
  Speaker 1: how long did it take him to win?
• 1:30:04
  Speaker 3: Four hundred years?
• 1:30:06
  Speaker 1: Right? It starts with with you know, Thomas Aquinas in
• 1:30:12
  Speaker 1: twelve something, and it you know, it culminates in the
• 1:30:14
  Speaker 1: Enlightenment five hundred years later.
• 1:30:18
  Speaker 3: That's the scale of winning.
• 1:30:21
  Speaker 1: When it comes to ideas, because the cultural change, James,
• 1:30:29
  Speaker 1: will there be a day coming soon when Hassan Piker,
• 1:30:32
  Speaker 1: nick Foyintis joined forces. I don't know. I mean partially
• 1:30:36
  Speaker 1: they're both narcissists and and and both narcissists and nihilists,
• 1:30:41
  Speaker 1: and I'm not sure they joined forces with anybody. Will
• 1:30:46
  Speaker 1: the undercurrents, the people who support them ultimately joined forces.
• 1:30:50
  Speaker 1: Will they be the same people? Yes, I think that's
• 1:30:54
  Speaker 1: that's already the case. I think people who listen to
• 1:30:57
  Speaker 1: us on Piker and nick foint Is often the same people.
• 1:31:01
  Speaker 1: And I think that's only going to grow. The unity
• 1:31:05
  Speaker 1: of the people attracted to the far left and far
• 1:31:09
  Speaker 1: right is going to be more and more the same people.
• 1:31:15
  Speaker 1: Jamie from Canada, what are three sources I can show
• 1:31:18
  Speaker 1: my friends to explain why one healthcare should be far superior,
• 1:31:22
  Speaker 1: cost efficient if companies privatized. Two Government not private enterprise
• 1:31:28
  Speaker 1: causes inflation. Three corporate taxes are bad sources? You know,
• 1:31:36
  Speaker 1: I don't know. I mean, I've done videos on all
• 1:31:38
  Speaker 1: of those. You can certainly show them those you can
• 1:31:41
  Speaker 1: have to find them, but they're all there. There are
• 1:31:45
  Speaker 1: books and free market healthcare that are useful. I don't
• 1:31:48
  Speaker 1: have any in the top of my head of my head,
• 1:31:50
  Speaker 1: but they're probably videos on that as well. But certainly
• 1:31:54
  Speaker 1: I've done shows on that governor private enterprise causes inflation.
• 1:31:59
  Speaker 1: That that is not that controversial. There are plenty of books,
• 1:32:04
  Speaker 1: articles econ one O one just just look up. Any
• 1:32:08
  Speaker 1: textbook on economics has a chapter on inflation will tell
• 1:32:14
  Speaker 1: you that government i e. The Federal Reserve, the central
• 1:32:18
  Speaker 1: Bank causes inflation. Inflation is a monetary phenomena caused by
• 1:32:23
  Speaker 1: penning money, and private enterprise doesn't cause it. So basically,
• 1:32:27
  Speaker 1: any economics textbooks will tell you that greedflation. No economic
• 1:32:33
  Speaker 1: textbook actually advocates for greenflation. Greedflation, and then corporate taxes
• 1:32:37
  Speaker 1: are bad. I mean there's again, I think I've done
• 1:32:41
  Speaker 1: shows on this. You just have to look them up.
• 1:32:45
  Speaker 1: What's his name, John Cochran, the economist John Cochrane, I
• 1:32:51
  Speaker 1: think has some blog posts on it that.
• 1:32:55
  Speaker 3: Are very good. I'm sure there are others.
• 1:32:58
  Speaker 1: Tyler Cowen probably has some blog posts on it. Corporate
• 1:33:01
  Speaker 1: taxes just don't make any sense against There are probably
• 1:33:03
  Speaker 1: some textbooks that will show that. But certainly there's a
• 1:33:08
  Speaker 1: bunch of free market economists that probably have blog posts
• 1:33:11
  Speaker 1: on that. All of those are pretty straightforward. The trick
• 1:33:16
  Speaker 1: is to on his healthcare, but again their whole books
• 1:33:18
  Speaker 1: on that one, and and I've done shows on that. Clark,
• 1:33:26
  Speaker 1: you say people don't learn from history, but Nazi Germany
• 1:33:29
  Speaker 1: wasn't long ago. It's a readily available example to point to.
• 1:33:34
  Speaker 1: Hard to believe something even approaching that direction would take
• 1:33:39
  Speaker 1: power in the US of all places. Yeah, but that's
• 1:33:42
  Speaker 1: but but it's I mean, Leni Peacock predicted it right.
• 1:33:46
  Speaker 1: He wrote Dominus Parallels to tell us about Dominus parallels
• 1:33:50
  Speaker 1: between the intellectuals in America and the kind of culture
• 1:33:54
  Speaker 1: they were creating, and the intellectuals in pre Nazi Germany
• 1:33:59
  Speaker 1: and the culture they create. So it was predictable, predictable
• 1:34:04
  Speaker 1: by Leonard. He wrote that book. He wrote it in
• 1:34:07
  Speaker 1: the seventies, that was published in the early eighties. So
• 1:34:10
  Speaker 1: there you go. It's you know, it's hard to believe,
• 1:34:13
  Speaker 1: but there. But Leonard predicted it, and it's right there,
• 1:34:17
  Speaker 1: and you can buy the book, and you should buy
• 1:34:19
  Speaker 1: the book. You should all read the book. Ominous Power
• 1:34:21
  Speaker 1: is by Leonard peakof brilliant so ideas, not the memory
• 1:34:28
  Speaker 1: of history shape the world, ideas, philosophy, and the philosophy
• 1:34:36
  Speaker 1: that in a sense set up the Nazis has not
• 1:34:40
  Speaker 1: been refuted other than by Iran. It's not being challenged.
• 1:34:46
  Speaker 1: It's still dominant, prevalent in parts of the world and
• 1:34:49
  Speaker 1: in the United States. And therefore a history can repeat itself.
• 1:34:53
  Speaker 1: The evil of the Nazis can come back.
• 1:35:01
  Speaker 3: A moment.
• 1:35:02
  Speaker 1: This is Stephen a Petty, a moment in the fountain
• 1:35:05
  Speaker 1: that always stayed with me. A potential employer tells Rock
• 1:35:09
  Speaker 1: he loves racquetball. Rock says he's never played, and Keating says,
• 1:35:13
  Speaker 1: I would have told him, I love racquetball. What is
• 1:35:17
  Speaker 1: this concretizing, Well, it's concretizings. Peter Keating's complete an utter secondhandedness,
• 1:35:26
  Speaker 1: willingness to lie and deceive in order to, you know,
• 1:35:34
  Speaker 1: get a client, in order to have somebody uh smile
• 1:35:39
  Speaker 1: at him or or or show an affinity with him.
• 1:35:48
  Speaker 1: So it's it's a it's a good illustration of the
• 1:35:50
  Speaker 1: second handedness. The rock is it's the facts, baby, It's
• 1:35:55
  Speaker 1: only the fact. So I'm not gonna lie to get
• 1:35:57
  Speaker 1: a commission. I'm not gonna lie some people like me,
• 1:36:00
  Speaker 1: I'm not gonna lie, you know, to to chumming up
• 1:36:04
  Speaker 1: to a client. I'm gonna tell them the truth. Peter
• 1:36:08
  Speaker 1: Keating because his orientation is the other is eager to lie.
• 1:36:17
  Speaker 1: Dishonesty goes together with dishonesty, goes together with secondhandedness. That is,
• 1:36:28
  Speaker 1: placing the others views, opinions, perspectives above your own, above
• 1:36:37
  Speaker 1: your own judgment, not having a judgment of your own,
• 1:36:39
  Speaker 1: not having a character of your own, not having a
• 1:36:41
  Speaker 1: soul being completely determined by other people. That kind of
• 1:36:48
  Speaker 1: second handedness that Peter Keating has leads them to lie. Jennifer,
• 1:37:01
  Speaker 1: I assume you were referring to politicians. In the current environment,
• 1:37:06
  Speaker 1: someone has to be in government. So it was set
• 1:37:08
  Speaker 1: up correctly, voluntarily funded. It said that politicians could and
• 1:37:12
  Speaker 1: should stay good, honest people. Right, Yes, and we have
• 1:37:16
  Speaker 1: had certainly honest politicians. I think when government was smaller.
• 1:37:20
  Speaker 1: I think it's today, and I think the question was
• 1:37:22
  Speaker 1: referring to today.
• 1:37:23
  Speaker 3: Maybe not, maybe I misread it.
• 1:37:27
  Speaker 1: No, I mean George Washington, probably the greatest president we
• 1:37:30
  Speaker 1: ever had, honest tis last day, completely trustworthy. I think
• 1:37:36
  Speaker 1: the other founders, even though they weren't that great of
• 1:37:40
  Speaker 1: a president's often and compromised, they were honest people.
• 1:37:44
  Speaker 3: They were trustworthy Jefferson.
• 1:37:47
  Speaker 1: Adams, you know, and I think many of the nineteenth
• 1:37:52
  Speaker 1: century presidents were probably trustworthy completely. But I don't think
• 1:37:58
  Speaker 1: the era of big government, of unlimited government, of.
• 1:38:03
  Speaker 3: Conyism and and.
• 1:38:07
  Speaker 1: You know, pressure group politics, I don't think it's possible
• 1:38:12
  Speaker 1: to maintain that honesty. I don't think it's possible to
• 1:38:14
  Speaker 1: survive when the people expect you to do all these
• 1:38:20
  Speaker 1: things for them. So thanks to the correction, Jennifer. Yeah,
• 1:38:25
  Speaker 1: in a good system, America in its in its early years, yes,
• 1:38:32
  Speaker 1: you're going to get a lot of good honest politicians.
• 1:38:35
  Speaker 1: Not today, not today today, you get not up. All right,
• 1:38:45
  Speaker 1: we've got more, so we said questions. I'll remind you
• 1:38:47
  Speaker 1: we got about hundred dollars left, one hundred dollars to
• 1:38:50
  Speaker 1: get to our goal. So please consider jumping in with
• 1:38:55
  Speaker 1: a sticker or with a question. Five twenty dollars questions
• 1:38:59
  Speaker 1: and with the yeah, it's easy to fifty dollars questions
• 1:39:02
  Speaker 1: and we're there, five twenty dollars stickers and we're there,
• 1:39:06
  Speaker 1: ten ten dollars stickers and we're there, twenty five dollars
• 1:39:09
  Speaker 1: stickers in. We're there. It's not that hard, all right, Yeah,
• 1:39:14
  Speaker 1: And stickers of any amount are greatly greatly appreciated. Michael
• 1:39:18
  Speaker 1: asked why did cal Marx write so much about breaking
• 1:39:21
  Speaker 1: apart the nuclear family, because he didn't want any I
• 1:39:27
  Speaker 1: think he didn't want any competition to the collective that he.
• 1:39:34
  Speaker 3: Preferred.
• 1:39:36
  Speaker 1: His preference was the proletarian is the collective, and sacrifice
• 1:39:41
  Speaker 1: to that collective and the well being of that collective.
• 1:39:45
  Speaker 1: And he felt like the family drew people to a
• 1:39:50
  Speaker 1: more bourgeois middle class life, and it was more selfish
• 1:39:55
  Speaker 1: and drew you more towards a selfish life and to
• 1:40:00
  Speaker 1: breaking up the family allowed for more sacrifice. I think
• 1:40:05
  Speaker 1: I'm not a Max expert. Good question, I asked Nicos,
• 1:40:08
  Speaker 1: who is a Marx expert.
• 1:40:11
  Speaker 3: Author.
• 1:40:12
  Speaker 1: Interesting idea of floating around the Trump took Venezuela and
• 1:40:15
  Speaker 1: it's oil in order to prepare for invading Iran. I
• 1:40:18
  Speaker 1: don't believe that. I think he did that and because
• 1:40:23
  Speaker 1: it was successful and it was easy and it was quick,
• 1:40:27
  Speaker 1: no casualties, no real costs, simple, that emboldened him to
• 1:40:32
  Speaker 1: do Iran.
• 1:40:33
  Speaker 3: So I think it's the other way around.
• 1:40:35
  Speaker 1: It's the Venezuela went the way it was is what
• 1:40:38
  Speaker 1: emboldened him to do Iran, not understanding that Iran is
• 1:40:41
  Speaker 1: very different than Venezuela. Shockingly, nobody told him that it
• 1:40:48
  Speaker 1: was substantially different. Savanos, thank you for the twenty dollars stick.
• 1:40:52
  Speaker 1: I really appreciate that. That puts a dent in where
• 1:40:56
  Speaker 1: we're heading. And James, do the Iranians think Trump is
• 1:41:02
  Speaker 1: all talk or they're actually scared that he will they
• 1:41:06
  Speaker 1: will be wiped out? Will Trump actually give the order
• 1:41:08
  Speaker 1: to send ground troops. I think they fear what could
• 1:41:14
  Speaker 1: be coming, not in a sense of wiped out, but look,
• 1:41:18
  Speaker 1: they're very weak and they've taken huge losses, and more
• 1:41:23
  Speaker 1: bombing would really hurt them, and they know that, and
• 1:41:26
  Speaker 1: they're worried about it, and some of them will die,
• 1:41:28
  Speaker 1: and they're worried about that, even though they'll go to
• 1:41:30
  Speaker 1: meet the virgins. But they also think that Trump exaggerates,
• 1:41:37
  Speaker 1: So I don't think they take him seriously when he
• 1:41:41
  Speaker 1: says we'll destroy your civilization and stuff like that. Nobody
• 1:41:45
  Speaker 1: I think takes him seriously when he says that. Will
• 1:41:48
  Speaker 1: he give the order to send ground troops?
• 1:41:50
  Speaker 3: I don't know. I don't know.
• 1:41:52
  Speaker 1: I hope so, at least with the islands, but I
• 1:41:55
  Speaker 1: don't know. He is disinclined to do so. His inclination
• 1:41:59
  Speaker 1: is to deal. His inclination is.
• 1:42:04
  Speaker 3: Not to engage in war.
• 1:42:05
  Speaker 1: Remember he ran on a I want to get out
• 1:42:09
  Speaker 1: of the Middle East. No war was in the Middle East,
• 1:42:11
  Speaker 1: No was anyway, And I think he.
• 1:42:15
  Speaker 3: He that is his preference. Harrison.
• 1:42:22
  Speaker 1: If some people at Unite the Right rally in Charlottesville
• 1:42:25
  Speaker 1: were SPLC informants, does that mean there were very fine
• 1:42:29
  Speaker 1: people on both sides?
• 1:42:31
  Speaker 3: No, because I don't.
• 1:42:32
  Speaker 1: Believe that the spl C informants were good people, certainly
• 1:42:37
  Speaker 1: not fine people.
• 1:42:38
  Speaker 3: So no, I don't think so.
• 1:42:42
  Speaker 1: I mean, if there were informants in terms of people
• 1:42:45
  Speaker 1: who went in there spies.
• 1:42:48
  Speaker 3: But I think it's not.
• 1:42:49
  Speaker 1: I think it's racists who willing to give SPLC information
• 1:42:55
  Speaker 1: for money, betray their cause, but they still believed in
• 1:42:58
  Speaker 1: the cause. Thomas, what advice would you give to someone
• 1:43:07
  Speaker 1: who struggles with narcissism, specifically with overthinking about what other
• 1:43:13
  Speaker 1: people think? Well, I'm not sure that's narcissism, right, that's secondhandedness,
• 1:43:19
  Speaker 1: and and the advice there is, I mean, in a
• 1:43:22
  Speaker 1: sense to stop it. That is, you've got to try
• 1:43:26
  Speaker 1: to figure out why you care so much what other
• 1:43:28
  Speaker 1: people think. What is it about, in a sense, your
• 1:43:31
  Speaker 1: self esteem? What is it about your what you what
• 1:43:36
  Speaker 1: you subconsciously think about yourself and about your life and
• 1:43:44
  Speaker 1: about your values that causes you to care so much
• 1:43:48
  Speaker 1: about what other people think. It's a lot of introspection
• 1:43:52
  Speaker 1: about your values and and and uh, you know, and
• 1:43:57
  Speaker 1: also about what you think about your own self esteem,
• 1:44:01
  Speaker 1: about your place in this world and the confidence you
• 1:44:04
  Speaker 1: have and the the confidence you have in being able
• 1:44:09
  Speaker 1: to do well and be successful. But yeah, I mean
• 1:44:17
  Speaker 1: you've got to really think about whose life is this?
• 1:44:24
  Speaker 1: Other people I mean, who cares what they think? I mean,
• 1:44:28
  Speaker 1: you really need to start making that a premise. Who
• 1:44:31
  Speaker 1: cares what they think? And your emotions will fight back
• 1:44:34
  Speaker 1: against that. But the more you think about it, the
• 1:44:39
  Speaker 1: more you introspect, and the more you commit yourself to
• 1:44:42
  Speaker 1: I don't really care what other people think. I only
• 1:44:46
  Speaker 1: have one life. I mean, the bottom line is you
• 1:44:49
  Speaker 1: only have one life. You don't get a do over
• 1:44:55
  Speaker 1: any moment. You don't pursue a value because what other
• 1:45:01
  Speaker 1: people think you don't achieve something.
• 1:45:03
  Speaker 3: But what other people think.
• 1:45:05
  Speaker 1: Is life wasted, life gun out, the rules gone out
• 1:45:12
  Speaker 1: the window, right, So think about really think about what
• 1:45:20
  Speaker 1: that means.
• 1:45:21
  Speaker 3: Did you only get one shot at this?
• 1:45:22
  Speaker 1: Think about what it means that life is so precious.
• 1:45:28
  Speaker 1: Check out My Rules for Life, Uran's Rules for Life
• 1:45:31
  Speaker 1: the playlist on YouTube for a lot more on this. James,
• 1:45:40
  Speaker 1: why does Trump want is one not to win? I
• 1:45:44
  Speaker 1: don't know. I mean I think that he is. He
• 1:45:48
  Speaker 1: wants to be the guy who settles disputes and brings
• 1:45:52
  Speaker 1: about deals.
• 1:45:53
  Speaker 3: That's his orientation.
• 1:45:54
  Speaker 1: He wants to get people to pat him on the
• 1:45:57
  Speaker 1: shoulder about being a piece bring a piece giver. He
• 1:46:00
  Speaker 1: wants the noble price for peace as an illustration of that,
• 1:46:03
  Speaker 1: But he really cares about how other people think of him,
• 1:46:07
  Speaker 1: and Israel winning is too much credit to Israel, too
• 1:46:11
  Speaker 1: little credit to him. It's also doesn't give him an
• 1:46:16
  Speaker 1: opportunity to be the bringer of peace that he is
• 1:46:21
  Speaker 1: so concerned about, that he's so obsessed with. He literally
• 1:46:28
  Speaker 1: doesn't want Israel to win. He's also got a lot
• 1:46:34
  Speaker 1: of pressure from people inside who are not particularly friendly
• 1:46:36
  Speaker 1: towards Israel, like Jdvans and others. Christas all Western governments
• 1:46:43
  Speaker 1: have accumulated tremendous amounts of debt, including the US fans,
• 1:46:47
  Speaker 1: and keep spending like crazy. I see a significant risk
• 1:46:50
  Speaker 1: of massive economic collapse similar to twenty nine. I doubt
• 1:46:55
  Speaker 1: that we will get a twenty nine like collapse, primarily
• 1:46:58
  Speaker 1: because I think central banks have learning from the nineteen
• 1:47:01
  Speaker 1: twenty nine collapse how not to do it.
• 1:47:05
  Speaker 3: But what you're getting is stagnation.
• 1:47:08
  Speaker 1: You can certainly see that in France and in Europe generally,
• 1:47:12
  Speaker 1: and you'll see more of that in the United States
• 1:47:14
  Speaker 1: than the decades to come. And it could be economic collapse,
• 1:47:19
  Speaker 1: but it will be different than twenty nine. It will
• 1:47:21
  Speaker 1: manifest itself in a different way, you could definitely see
• 1:47:28
  Speaker 1: increasing poverty and decreasing productivity in the United States because
• 1:47:35
  Speaker 1: of all this debt, and you could see ultimately you
• 1:47:38
  Speaker 1: could potentially see a collapse of the dollar.
• 1:47:41
  Speaker 3: You could see inflation.
• 1:47:42
  Speaker 1: There are a lot of different scenarios you can come
• 1:47:44
  Speaker 1: up with and how this ends. None of them are good.
• 1:47:47
  Speaker 1: There's no good outcome for the amount of debt that
• 1:47:50
  Speaker 1: the United States has. Just too late. Whatever happens, something
• 1:47:57
  Speaker 1: bad economic happens. When it happens, I don't oh no,
• 1:48:01
  Speaker 1: and again it could be just a slow death, and
• 1:48:03
  Speaker 1: it could be a collapse. Self is subscribe. Do you
• 1:48:08
  Speaker 1: think a country becomes more distinct as a secondhanded entity
• 1:48:12
  Speaker 1: once the country government forces individuals to be subjects as
• 1:48:16
  Speaker 1: opposed to citizens.
• 1:48:18
  Speaker 3: Definitely.
• 1:48:19
  Speaker 1: I mean, look, subjects means the primacy of the government,
• 1:48:24
  Speaker 1: and you are a subject of that government.
• 1:48:27
  Speaker 3: You are a.
• 1:48:27
  Speaker 1: Second class, whereas citizen means the government is your servant.
• 1:48:35
  Speaker 1: You know, President Trump is my servant, not the other
• 1:48:39
  Speaker 1: way around.
• 1:48:40
  Speaker 3: My servant.
• 1:48:43
  Speaker 1: So the more I'm subservient to the government, the more
• 1:48:48
  Speaker 1: I must please them, which means the more I must
• 1:48:51
  Speaker 1: please other subjects, and the more secondhanded unthinking I become
• 1:48:58
  Speaker 1: the more tribal.
• 1:48:59
  Speaker 3: You become.
• 1:49:01
  Speaker 1: Citizens where it's your life. The government superspose to protect
• 1:49:08
  Speaker 1: your rights, but otherwise leaves you alone to live your life,
• 1:49:12
  Speaker 1: which means you have to make decisions for yourself. You
• 1:49:15
  Speaker 1: have to take responsibility for yourself. You cannot be a
• 1:49:19
  Speaker 1: secondhander and be successful. Thank you Selfie. Subscriber Brian. I
• 1:49:27
  Speaker 1: recommend the twenty twenty five movie Death by Lightning, about
• 1:49:31
  Speaker 1: the post Civil War period when James Garfield became president.
• 1:49:35
  Speaker 1: Shows the corruption of the early spoils system. Very interesting
• 1:49:41
  Speaker 1: and well acted Netflix historical drama. Yes, but it's not
• 1:49:44
  Speaker 1: a movie. I was confused there for a moment. It's
• 1:49:48
  Speaker 1: not a movie. It's a TV series by Netflix called
• 1:49:52
  Speaker 1: Death by Lightning, and it portrayed it's a very positive
• 1:49:57
  Speaker 1: I think accurate, but I don't know. I assume accurate,
• 1:50:00
  Speaker 1: positive portrayal of James Garfield, who served for a very
• 1:50:04
  Speaker 1: short period of time as president before he was assassinated.
• 1:50:09
  Speaker 1: And it does show the corruption in early America and
• 1:50:14
  Speaker 1: the control politicians had over the economy in different ways
• 1:50:19
  Speaker 1: than they do today, but still control. And you know,
• 1:50:23
  Speaker 1: I always thought that the United States was much closer
• 1:50:27
  Speaker 1: the Las Fai capitalism in the nineteenth century than it
• 1:50:30
  Speaker 1: turns out it really was. It's still much better than
• 1:50:33
  Speaker 1: it is today, but it was pretty far from Les
• 1:50:40
  Speaker 1: Fay even back then. But it's very well made, suspenseful,
• 1:50:43
  Speaker 1: interesting about James Garfield. Just you know, James Gilfield's presidency.
• 1:50:51
  Speaker 1: It's on Netflix. Thank you buying for reminding me of that.
• 1:50:54
  Speaker 1: A good recommendation. Why it isn't Kin Griffin still a
• 1:51:00
  Speaker 1: role model versus most CEOs. I mean he's better than
• 1:51:03
  Speaker 1: most CEOs. Yes, I don't. He's not quite a role
• 1:51:06
  Speaker 1: model that would be somebody like John Allison, but he's
• 1:51:10
  Speaker 1: better than most CEOs.
• 1:51:11
  Speaker 3: I mean, look, Ken griff has read.
• 1:51:13
  Speaker 1: Ken Griffin has Red iron Rand as an iron Ran fan,
• 1:51:17
  Speaker 1: and and gets his energy and and and the reality
• 1:51:20
  Speaker 1: is that almost nobody defends business and wealth on the
• 1:51:26
  Speaker 1: basis of self interest, on a basis of individual rights,
• 1:51:31
  Speaker 1: even at the end of the day milaid defends capitalism
• 1:51:34
  Speaker 1: on some kind of utilitarian what businessmen do for society basis.
• 1:51:40
  Speaker 1: So Ken is, Ken is better than most, but still
• 1:51:46
  Speaker 1: could be a lot better. And given these Red Iron
• 1:51:48
  Speaker 1: Ran should be a lot better. Jerome, good afternoon, you're on.
• 1:51:52
  Speaker 1: I was struggling with the issue of dogma in high
• 1:51:56
  Speaker 1: school in high school teaching, and you explain the difference
• 1:52:01
  Speaker 1: of dogma and an informed lecture. Thank you, well, I mean,
• 1:52:07
  Speaker 1: dogma is Dogma is a set of statements, theories, ideas
• 1:52:22
  Speaker 1: without basis in reality, without the attempt to prove them.
• 1:52:29
  Speaker 1: It is this is the truth as as we must
• 1:52:34
  Speaker 1: accept it from the authorities.
• 1:52:36
  Speaker 3: This is the dogma. This is the.
• 1:52:40
  Speaker 1: Set of ideas that we must advocate for, because that's
• 1:52:45
  Speaker 1: the set of ideas which you must advocate for, because
• 1:52:48
  Speaker 1: that's what we were told. So you're supposed to accept
• 1:52:52
  Speaker 1: it because so it's the it's the rejection of reason, rationality, logic,
• 1:53:02
  Speaker 1: in explainats, in explaining, in justifying the ideas that you're teaching.
• 1:53:12
  Speaker 1: So a dogmatic teacher just teaches ideas without explanation, without justification,
• 1:53:19
  Speaker 1: without logic, Tessa, we need creative objectives to make film, books, art. Yeah,
• 1:53:28
  Speaker 1: I'm waiting, Go do it, guys. I'm here, I'm waiting.
• 1:53:32
  Speaker 1: I can't do it. I'm not talented and I have
• 1:53:34
  Speaker 1: no talent in that field. Go do it, Alejandro, how
• 1:53:39
  Speaker 1: do you learn to think?
• 1:53:42
  Speaker 3: Well? Is it just read a lot? I mean, certainly,
• 1:53:44
  Speaker 3: reading a lot.
• 1:53:45
  Speaker 1: Is important because thinking involves knowing a bunch of stuff.
• 1:53:49
  Speaker 3: But it's also the right method.
• 1:53:50
  Speaker 1: I would read I RAN's Introduction to Objectives to Pristemology.
• 1:53:55
  Speaker 1: And you know often studying math will teach you a
• 1:54:00
  Speaker 1: lot of thinking skills in terms of use of logic
• 1:54:04
  Speaker 1: and reasoning, kind of formal reasoning. Uh, it's it's about
• 1:54:10
  Speaker 1: I would say, Oh, here's here's the best recommendation. Check
• 1:54:14
  Speaker 1: out Leonard's peaks. Leonard Peacocks course called The Art of Thinking,
• 1:54:20
  Speaker 1: the Art of Thinking.
• 1:54:23
  Speaker 3: That is the best answer.
• 1:54:24
  Speaker 1: To your question. It's a it's a it's a course.
• 1:54:27
  Speaker 3: It's available for free.
• 1:54:30
  Speaker 1: I mean chess if you're willing to integrate the principles
• 1:54:34
  Speaker 1: into wider context. But you can be a grand you
• 1:54:37
  Speaker 1: can be the best chess player in the world and
• 1:54:39
  Speaker 1: not be able to think. That is your your your your.
• 1:54:44
  Speaker 3: Thinking is limited to chess.
• 1:54:45
  Speaker 1: That's it. But I would definitely, definitely all of you
• 1:54:50
  Speaker 1: should be listening to Leonard Peacff's Art of Thinking. That's
• 1:54:54
  Speaker 1: the best source. Uh, let's see. Matt, my my skeptic brother, said,
• 1:55:01
  Speaker 1: the question is the question is the universe finite or infinite?
• 1:55:07
  Speaker 1: Is an example of something outside human understanding, as it
• 1:55:11
  Speaker 1: can't make sense of either answer, thoughts will ask a
• 1:55:16
  Speaker 1: philosophical philosopher also, No, it doesn't mean it's outside human understanding.
• 1:55:22
  Speaker 1: It does mean we don't yet have the understanding of
• 1:55:29
  Speaker 1: the physics because we.
• 1:55:32
  Speaker 3: Think in three dimensions.
• 1:55:34
  Speaker 1: It's hard for us to contemplate a finite universe because
• 1:55:38
  Speaker 1: we think in terms of finite having a shape, and
• 1:55:42
  Speaker 1: this is a shapeless finite space, and.
• 1:55:49
  Speaker 3: It's it's it's.
• 1:55:54
  Speaker 1: Certainly an example of it's certainly an example of a
• 1:56:02
  Speaker 1: you know that we don't yet have enough knowledge, primarily
• 1:56:07
  Speaker 1: of physics, and we're still constrained by a by a
• 1:56:16
  Speaker 1: theory of physics that can't quite explain.
• 1:56:20
  Speaker 3: The nature of the universe, but it will one day.
• 1:56:23
  Speaker 3: So it's not an.
• 1:56:24
  Speaker 1: Inhabit limitation of human knowledge. It's just this is the
• 1:56:27
  Speaker 1: point in which we are Stephen opposite thoughts on the
• 1:56:31
  Speaker 1: movie Emma DALs. It gets criticized for being a historical
• 1:56:33
  Speaker 1: but I never thought it postured itself as factual. It
• 1:56:37
  Speaker 1: was based on a play more dramatization of creative genius
• 1:56:40
  Speaker 1: versus jealousy. Yeah, it's a great conquetization of the difference
• 1:56:44
  Speaker 1: between a first rate genius and a man who envies
• 1:56:51
  Speaker 1: them and is jealous of him, and I think it
• 1:56:54
  Speaker 1: has some magnificent scenes. If anything, I think the criticism
• 1:56:58
  Speaker 1: would be the unseeriousness of Mozart, the the fact that
• 1:57:05
  Speaker 1: Mozart is portrayed in parts of the movie in an
• 1:57:08
  Speaker 1: infantile kind of way. That would be moreny criticism of
• 1:57:11
  Speaker 1: the movie. I think the movie is excellent. I really
• 1:57:14
  Speaker 1: enjoy it. The final scene where they're writing, the way
• 1:57:18
  Speaker 1: he's writing the Requiem and Salieri is helping him is brilliant.
• 1:57:23
  Speaker 1: It's one of the most powerful scenes in movies and
• 1:57:28
  Speaker 1: beautifully done. And you know so, I think I really
• 1:57:37
  Speaker 1: enjoyed the movie, and I wouldn't criticize it based on
• 1:57:40
  Speaker 1: his historical accuracy. It's a movie, it's not a documentary.
• 1:57:45
  Speaker 1: It's not supposed to be accurate necessarily. This is Steven Pettit. Yes,
• 1:57:53
  Speaker 1: all right, Thank you guys, really appreciate the support. Thank you.
• 1:57:57
  Speaker 1: I think we made our targets, so thank you to
• 1:57:59
  Speaker 1: all the super chatters and the stick of people. Thank
• 1:58:02
  Speaker 1: you to all the people who contribute by Patreon, and
• 1:58:05
  Speaker 1: I will see you tomorrow from AMA. But it's an
• 1:58:09
  Speaker 1: unusual time. It's at twelve pm East Coast time. Twelve
• 1:58:16
  Speaker 1: pm East Coast time. All right, see then bye everybody,