Latest / Yaron Brook Show / El Paso Closure; Jobs; Bondi; Grand Jury; Moltbook; Starlink; Vax; Intel; Cuba | Yaron Brook Show

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El Paso Closure; Jobs; Bondi; Grand Jury; Moltbook; Starlink; Vax; Intel; Cuba | Yaron Brook Show · Yaron Brook Show

• 0:02
  Speaker 1: A lot of fundamental principles of Aledo. My nationals have
• 0:08
  Speaker 1: interesting and individual ones. This is your book show. Oh right,
• 0:22
  Speaker 1: everybody welcome here on Brook Show on this Wednesday, February eleventh.
• 0:26
  Speaker 1: I hope everybody is. He's doing well, having a good week.
• 0:33
  Speaker 1: All Let's see I see Linda, Linda. It's Linda's birthday.
• 0:40
  Speaker 1: Today's happy birthday, Linda. That is uh, that is great.
• 0:46
  Speaker 1: Congratulations and uh wow, we got we got two two
• 0:53
  Speaker 1: reviews already one hundred dollars each. So thank you guys
• 0:57
  Speaker 1: for for the reviews. Song with you. Song reviews very cool,
• 1:02
  Speaker 1: all right, maybe they inspire and sure they're inspired by bye.
• 1:07
  Speaker 1: But I I we were talking about songs in my
• 1:11
  Speaker 1: public speaking class. Somebody did a ah talk on he's
• 1:17
  Speaker 1: a songwriter, on kind of how to write song lyrics
• 1:22
  Speaker 1: and how to make them, how to make them emotionally appealing.
• 1:26
  Speaker 1: And John it's as if John set in on that
• 1:29
  Speaker 1: class and is asking a question of relating to that.
• 1:32
  Speaker 1: So interesting. Interesting, all right, let's see what I want
• 1:37
  Speaker 1: to do. We've got a bunch to talk about today.
• 1:41
  Speaker 1: Let me let me also say, let me as to
• 1:45
  Speaker 1: say to Linda, Linda, here's my birthday present to Linda.
• 1:51
  Speaker 1: I'm I'm I'm almost finished with with the first of
• 1:57
  Speaker 1: Quinn's books. So I'm almost finished with it and i'll
• 2:02
  Speaker 1: review it when i'm done. So I'm enjoying it. What
• 2:09
  Speaker 1: can I say, I'm really enjoying it now. I haven't
• 2:12
  Speaker 1: gotten to the end. Right. If it wasn't Quinn, I
• 2:15
  Speaker 1: would be really worried about the end of this shist book.
• 2:18
  Speaker 1: But but we will see, so I'll do a quick
• 2:23
  Speaker 1: review of it when i'm done. Uh it's I'm really
• 2:27
  Speaker 1: I'm really enjoying it, all right, Let's see shows the
• 2:33
  Speaker 1: rest of the week, shows until basically we're gonna have
• 2:36
  Speaker 1: a show every single day until the twenty sixth. We
• 2:42
  Speaker 1: might have a show on the twenty sixth and twenty seventh,
• 2:44
  Speaker 1: probably not on twenty eighth, but yeah, it's gonna's gonna
• 2:48
  Speaker 1: be a month where every day this show, Saturdays and Sundays,
• 2:51
  Speaker 1: and we're just gonna We're just gonna blow it out.
• 2:54
  Speaker 1: So uh so stay tuned. Times might shift a little bit.
• 2:58
  Speaker 1: Today I had to take my wife da airport, so
• 3:02
  Speaker 1: it had to be laid. Next week I think I
• 3:07
  Speaker 1: have to pick it up. But anyway, we'll figure out
• 3:10
  Speaker 1: the times and get those done and I'll get those
• 3:14
  Speaker 1: back to you. All right, let's see. Yeah, I'll I'll
• 3:22
  Speaker 1: be doing a seminar on capitalism in London in defense
• 3:26
  Speaker 1: of Profits, White Prospervity Doesn't Need Permission is the title
• 3:29
  Speaker 1: of the workshop. It'll be four hours on Saturday, February
• 3:33
  Speaker 1: twenty eighth. Yeah, you can check it out. You can
• 3:37
  Speaker 1: check it out. It's an ever Bright the registations and
• 3:41
  Speaker 1: Everbright so it's going to be really simple to register.
• 3:44
  Speaker 1: You can check that out on my website, your on
• 3:47
  Speaker 1: bookshow dot com. Just scroll down to February twenty eighth
• 3:51
  Speaker 1: and it'll give the link there to the ever Bright
• 3:53
  Speaker 1: page and sign up. You know, it'd be great. I
• 3:57
  Speaker 1: need I don't know, probably one about a dozen people
• 4:02
  Speaker 1: doesn't feel I want to. I want to keep it
• 4:03
  Speaker 1: small because I want to make it into it well.
• 4:05
  Speaker 1: Also go out to dinner afterwards, and lots of opportunity
• 4:09
  Speaker 1: to interact, to ask questions, all of that. So, so yeah,
• 4:14
  Speaker 1: if you're in London, if you're in England, if you're
• 4:16
  Speaker 1: in UK, if you're in Europe, if you're anywhere on
• 4:19
  Speaker 1: the globe, come on over. You're welcome we'll have a
• 4:23
  Speaker 1: good time. Don't have the exact location. It'll be in
• 4:26
  Speaker 1: central London. Once I know how many people are coming,
• 4:29
  Speaker 1: i'll get I'll get a location on book a location
• 4:31
  Speaker 1: and we can get sick. But a dozen't ten ten
• 4:35
  Speaker 1: to twelve people, eight to twelve people, that'll be just perfect.
• 4:40
  Speaker 1: Shall we jump in? Let's jump in, all right, before
• 4:42
  Speaker 1: we get to the first topic, which is Aposso, I
• 4:46
  Speaker 1: want to wrap up a topic we started yesterday. The bridge,
• 4:49
  Speaker 1: the bridge too well somewhere not to nowhere, in this case,
• 4:52
  Speaker 1: the bridge to Michigan, the bridge connecting Canada and Michigan.
• 4:55
  Speaker 1: And we read yesterday's we read Donald Trump's uh commentary
• 5:01
  Speaker 1: commentary on the bridge yesterday, and I commented on that,
• 5:06
  Speaker 1: and you know a lot of people have again accused
• 5:09
  Speaker 1: me of TDS. And you know, so maybe we do
• 5:12
  Speaker 1: a little bit of exercise, and and we'll try to
• 5:14
  Speaker 1: take these stories, uh and and and you know, try
• 5:18
  Speaker 1: to present them in the best light possible, right, the
• 5:22
  Speaker 1: best like possible. Let's pretend let's do as if I
• 5:26
  Speaker 1: don't have TDS, and and and and present the story
• 5:29
  Speaker 1: in the best like possible.
• 5:30
  Speaker 2: Right.
• 5:32
  Speaker 1: Trump claims, we we've lost a huge amount to Canada
• 5:35
  Speaker 1: because we have a trade deficit with Canada. I mean,
• 5:40
  Speaker 1: I'm trying to be positive. I'm really trying to be
• 5:43
  Speaker 1: positive here. But that makes no sense. It makes no sense.
• 5:47
  Speaker 1: It doesn't make any economic sense, it doesn't make any
• 5:49
  Speaker 1: political sense. Yes, Canada charges us very high tariffs on
• 5:55
  Speaker 1: milk products above a certain amount, and it's not that impactful,
• 6:01
  Speaker 1: but it does. We charge them tariffs as well. But
• 6:06
  Speaker 1: ninety percent of all the goods coming in from Canada,
• 6:08
  Speaker 1: I have no tariffs, so it's not a negotiating tool.
• 6:12
  Speaker 1: So I don't know. I'm trying. I'm trying my best
• 6:16
  Speaker 1: to present this something something positive. He also said that
• 6:22
  Speaker 1: if Canada signs that the old China, China will end,
• 6:26
  Speaker 1: Canada will end all ice hockey. Now I don't know. Again,
• 6:30
  Speaker 1: put on your non TDS hat and give me a
• 6:33
  Speaker 1: rational explanation for that. Explain that in terms that a
• 6:37
  Speaker 1: sane human being can understand what the relationship betrayed with
• 6:40
  Speaker 1: China is with ice hockey. Anyway, We're gonna do more
• 6:44
  Speaker 1: of these exercises. We will forward. I think at the
• 6:48
  Speaker 1: end of the day, what we will discover I fear
• 6:52
  Speaker 1: what we will discover is that TTS might be an affliction,
• 6:58
  Speaker 1: but it is a rational affliction. That is, it is
• 7:00
  Speaker 1: the only rational way to interpret Donald Trump. He is
• 7:04
  Speaker 1: delusional and we are deranged. All right. I did want
• 7:11
  Speaker 1: to I did want to give you a little bit
• 7:13
  Speaker 1: more color about this bridge. Right. So it turns out
• 7:15
  Speaker 1: we talked about this yesterday. There is an alternative bridge, right,
• 7:18
  Speaker 1: There's the bridge exists today. And that bridge generates approximately
• 7:23
  Speaker 1: sixty to seventy million dollars a year nice in come
• 7:26
  Speaker 1: if you can get it, in total revenue, and probably
• 7:30
  Speaker 1: another thirty million dollars a year in gas sales, which
• 7:36
  Speaker 1: are tax free. This is again a bridge that's always busy,
• 7:42
  Speaker 1: always packed. It never stopped just twenty four to seven. Now,
• 7:48
  Speaker 1: the bridge, it's called the Ambassador Bridge, is actually a
• 7:51
  Speaker 1: private bridge. It is owned by a man by the
• 7:56
  Speaker 1: name Matthew Morone something like that. And this is again
• 8:02
  Speaker 1: man of course who's given it was contributed a lot
• 8:06
  Speaker 1: in political contributions, primarily to the Republican Party. He gave
• 8:10
  Speaker 1: over a million dollars in recent years, including a large
• 8:15
  Speaker 1: sum in twenty twenty five. And you know, he has
• 8:22
  Speaker 1: really since the beginning, since they started talking about a
• 8:26
  Speaker 1: new bridge, try to influence, try to influence politicians to
• 8:33
  Speaker 1: not approve this new bridge, basically because you know, he
• 8:39
  Speaker 1: would like to keep the revenue flowing. Now, it is
• 8:44
  Speaker 1: true that we're talking about a publicly financed bridge, So
• 8:48
  Speaker 1: I agree that it's not fair competition. It would be
• 8:52
  Speaker 1: better if the second bridge was also private. But I
• 8:55
  Speaker 1: get a sense that if the other bridge was private,
• 8:58
  Speaker 1: mister Marone would still be lobbying against it. In twenty eighteen,
• 9:05
  Speaker 1: he ran ads and newspapers I think TV as well
• 9:11
  Speaker 1: directly directed at Trump, trying to get Trump to block
• 9:16
  Speaker 1: permits for the Canadian the Canadian the Canadian bridge. That
• 9:23
  Speaker 1: did not succeed. You know, they've tried to build a
• 9:29
  Speaker 1: second span next to the Ambassador Bridge, but as I
• 9:32
  Speaker 1: told yesterday, because it kind of ends up in the
• 9:35
  Speaker 1: middle of a windsow on the Canadian side, not very practical,
• 9:39
  Speaker 1: and the traffic through windso is horrific. You know, would
• 9:42
  Speaker 1: be incredibly congested. It wouldn't really solve the problem. And
• 9:49
  Speaker 1: you know he has now It's true that it's hard
• 9:53
  Speaker 1: to tell, right because there's regulations, and there's controls and
• 9:56
  Speaker 1: the government opposition and all kinds of legal setbacks, and
• 10:00
  Speaker 1: you know, who knows, in a free market, maybe could
• 10:02
  Speaker 1: have built he could have built a parallel bridge, an
• 10:05
  Speaker 1: alternative bridge bridge. In two thousand and nine, the US
• 10:11
  Speaker 1: Coast Guard, you know, basically basically said, yeah, a second
• 10:17
  Speaker 1: bridge in the same place is just not going to happen, right,
• 10:20
  Speaker 1: And the alternative bridge built by the Canadians, was proposed
• 10:25
  Speaker 1: and ultimately Canada, Canadian tax taxpayers are funding it, although
• 10:31
  Speaker 1: the money supposed he is going to be returned to
• 10:33
  Speaker 1: the Canadian treasury from the toll toll money goes to
• 10:36
  Speaker 1: Canada to pay for this bridge. The Morons have fought
• 10:42
  Speaker 1: this and they continue to fight it. They've had lawsuits,
• 10:45
  Speaker 1: they've lobbied, their public campaign. Courts have repeatedly rejected their claims.
• 10:51
  Speaker 1: And yeah, and here it is. So what happened, Well,
• 10:55
  Speaker 1: what happened was that before Trump posted what he posted,
• 11:02
  Speaker 1: the owner of the Ambassador Bridge, this guy move owned,
• 11:06
  Speaker 1: actually made a phone call to Secretary of Commerce, Howard Lutnik.
• 11:12
  Speaker 1: Now we don't know exactly what he said on that
• 11:14
  Speaker 1: phone call, but well you didn't just speak a phone call. Sorry,
• 11:18
  Speaker 1: he met with him. He actually met with him in person.
• 11:21
  Speaker 1: And there's just hours before Trump posted what he posted
• 11:27
  Speaker 1: and which we read yesterday. So yeah, I mean, a
• 11:34
  Speaker 1: Republican contributor calls the Secretary of Commerce, tells him he's
• 11:42
  Speaker 1: not happy with this project, encourages him to find ways
• 11:47
  Speaker 1: to block it, and just a few hours later, the
• 11:52
  Speaker 1: President of the United States tweets that he intends to
• 11:54
  Speaker 1: block it. Now, you know, if you have TDS like me,
• 12:02
  Speaker 1: you go, yeah, I mean, this is obvious corruption, and
• 12:06
  Speaker 1: this is all about politics and this guy, this guy
• 12:09
  Speaker 1: promised the money or promised to withdraw or did something.
• 12:15
  Speaker 1: And indeed a lot of Michigan Republicans against the new bridge.
• 12:21
  Speaker 1: The new bridge is already built, right, it's going to open,
• 12:23
  Speaker 1: costs Michigan nothing. But they're all against the bridge. Why
• 12:27
  Speaker 1: they against the bridge? Well maybe maybe, just maybe this
• 12:31
  Speaker 1: guy's been giving them contributions as well. Now that that
• 12:35
  Speaker 1: is the one interpretation, I mean, another interpretation could be
• 12:40
  Speaker 1: that Maroon sat down with Luthwick and argued the case
• 12:44
  Speaker 1: rationally and presented his arguments and clearly showed that the
• 12:49
  Speaker 1: second bridge was no good and would somehow damage the
• 12:53
  Speaker 1: United States and would not be in the United States
• 12:55
  Speaker 1: best interest, and that somehow this might cause ice hockey
• 12:59
  Speaker 1: to disappear from Canada and the Standy Cup to be abandoned.
• 13:04
  Speaker 1: And that's why Trump wrote, what do you wrote? So,
• 13:07
  Speaker 1: I mean, you've got a TDS interpretation, you've got a
• 13:10
  Speaker 1: non TDS interpretation. You get to decide. I mean, if
• 13:14
  Speaker 1: you have an alternative interpretation, please suggest that this super
• 13:19
  Speaker 1: chat is open. I read all super chats. I would
• 13:22
  Speaker 1: love a series of proposed explanations for the bridge tweet
• 13:29
  Speaker 1: of Donald Trump yesterday from a pro Trump perspective, explain
• 13:35
  Speaker 1: the tweet to us. I mean, I know, you know,
• 13:39
  Speaker 1: one explanation is just trolling, okay, but no, a real explanation. Right,
• 13:43
  Speaker 1: this is the president of the president of the United States,
• 13:47
  Speaker 1: so and this is the guy who told us, told us,
• 13:52
  Speaker 1: promised us to drain the swamp. So I want a
• 13:55
  Speaker 1: non swampy, pro Trump, non TDS explanation for what's happening
• 14:02
  Speaker 1: with the Canadian Bridge. I guess when that happens, I'll be,
• 14:09
  Speaker 1: I'll be, I'll be. You know, that'll be a good challenge.
• 14:12
  Speaker 1: A good challenge. By the way, Canada in the meantime, well,
• 14:16
  Speaker 1: this is going on. Canada is acting like they're grown
• 14:19
  Speaker 1: up here and it is actively attempting to diversify trade
• 14:25
  Speaker 1: away from the United States. It can't trust the trumpety registration.
• 14:29
  Speaker 1: It knows that. So they are as we know, they've
• 14:33
  Speaker 1: talked to They've talked to China, they're talking to the EU.
• 14:37
  Speaker 1: The I think they've already got to deal with EU.
• 14:39
  Speaker 1: They're talking with India. Knie was in India recently. They're
• 14:44
  Speaker 1: talking the Philippines, to Thailand, to the United Arab Emirate,
• 14:48
  Speaker 1: the Saudi Arabia. They're talking to Asian which is a
• 14:51
  Speaker 1: consortium of Asian countries, and the KOSO, which is the
• 14:56
  Speaker 1: Latin America Block. Sorry, they're just did a deal with
• 15:02
  Speaker 1: the EU. Canada is talking to them as well. So yes, uh,
• 15:14
  Speaker 1: Canada is seeking trade deals to increase trade because I
• 15:22
  Speaker 1: can't trust the US, can't trust Trump, and I think
• 15:26
  Speaker 1: the Canadians realize the trade is win win and beneficial. Now,
• 15:29
  Speaker 1: I still like the idea of just unilaterally zero tariffs.
• 15:33
  Speaker 1: I think that would be the best and if somebody
• 15:35
  Speaker 1: could whisper that in the ear of the Canadians, that
• 15:39
  Speaker 1: would be great, although somebody has already, but you know
• 15:43
  Speaker 1: that that would be the ideal. But all right, let's
• 15:48
  Speaker 1: jump into this Alpasto story, which is comical. So I
• 15:53
  Speaker 1: woke up this morning, and you know, I always checked
• 15:55
  Speaker 1: the news and things happening, and check X and check
• 15:58
  Speaker 1: checking the news stories, and I see this new story
• 16:01
  Speaker 1: about the the FAA had just shut down the Aposto
• 16:07
  Speaker 1: International Airport, shut it down, and that they're shut it
• 16:11
  Speaker 1: down for ten days, and they had closed the airspace
• 16:17
  Speaker 1: above Aposto all the way into New Mexico. It's not
• 16:21
  Speaker 1: that far away, but still a large swath of that
• 16:24
  Speaker 1: area shut down to all commercial air flight below a
• 16:28
  Speaker 1: certain altitude. Now, first I thought, no, this isn't real.
• 16:34
  Speaker 1: This is you know, ten days, and why what, what
• 16:38
  Speaker 1: the hell is going on? Is their terrorist attack? And
• 16:42
  Speaker 1: supposed me for some kind of security security reasons, right,
• 16:47
  Speaker 1: what's going on? UFOs have landed, I mean it was
• 16:51
  Speaker 1: their terrorist attack? Is I mean, no airspace in the
• 16:55
  Speaker 1: United States of a major city has been shut down
• 16:58
  Speaker 1: for any period of time, never mind ten days since
• 17:02
  Speaker 1: nine eleven, since the days after nine eleven. And then
• 17:06
  Speaker 1: they started reading and no, absolutely this is happening. And
• 17:10
  Speaker 1: you can see the authorities have no clue why this
• 17:12
  Speaker 1: is happening. Nobody knows the city of Apasto is shut down.
• 17:16
  Speaker 1: People's flights are being canceled. You can imagine. I mean,
• 17:19
  Speaker 1: Apasta is not a small city, and people's flights are
• 17:22
  Speaker 1: being canceled, and they don't know when the flights are
• 17:24
  Speaker 1: going to come back because it's ten days. The airlines
• 17:26
  Speaker 1: have no clue what's going on. Most airlines things the
• 17:28
  Speaker 1: flight are still going on, but they airports shutting out,
• 17:32
  Speaker 1: completely shut out, and everybody's frantically trying to figure out
• 17:37
  Speaker 1: what the hell is going on? Whoa are we still there?
• 17:43
  Speaker 1: Are you guys still there? Let's see what is going
• 17:51
  Speaker 1: to happen here?
• 17:56
  Speaker 2: Huh?
• 18:08
  Speaker 1: Okay? One two three one two three? Okay? Why is
• 18:21
  Speaker 1: are you guys there? Can you can you see anything?
• 18:24
  Speaker 1: Or is it dead completely? You are back? I am back,
• 18:38
  Speaker 1: but the electricity, the power is not back. I'm running
• 18:41
  Speaker 1: on batteries right now. But I'm not sure why the
• 18:44
  Speaker 1: electricity is not coming back.
• 19:09
  Speaker 3: Kah alright, U.
• 19:22
  Speaker 1: Powers out? And uh? Why is that? Once that? One
• 19:29
  Speaker 1: of my monitors is out and I'm sure why m hmm.
• 19:40
  Speaker 1: That's connected, that's working, and that's what camera's working. All right,
• 19:44
  Speaker 1: We'll see if power comes back, uh, and we'll see.
• 19:48
  Speaker 1: You know, most of my lights out because they're not
• 19:51
  Speaker 1: connected to a battery. The stuff that's connected to battery
• 19:55
  Speaker 1: seems to be working. Internet seems to be working. Let's
• 20:04
  Speaker 1: keep going. I do need this other monitor though, and
• 20:07
  Speaker 1: I'm wondering how I can get it back up. Maybe
• 20:10
  Speaker 1: I need it, maybe shut off, and I need to
• 20:14
  Speaker 1: just to look back on. Sorry, guys, and at some
• 20:20
  Speaker 1: point the batteries will run out and we'll be out. No,
• 20:27
  Speaker 1: I don't think this is bad Bunny bad bunny song
• 20:30
  Speaker 1: describe this. But we have a generator. So the real
• 20:33
  Speaker 1: weird stuff is why is the generator not going on? Once? Say,
• 20:39
  Speaker 1: let me just put this up all right, See if
• 20:59
  Speaker 1: something happens, generator should be kicking in and we'll see.
• 21:04
  Speaker 1: Just get a solar home power up plant with a
• 21:07
  Speaker 1: big battery maximum independence. Yeah, but you can't do that
• 21:10
  Speaker 1: in a condo building. It doesn't work that way in
• 21:12
  Speaker 1: a condo. If I had a home, I would do that.
• 21:15
  Speaker 1: But we have maximum independence. We have a big generator
• 21:20
  Speaker 1: that is supposed to kick in exactly now and supply electricity,
• 21:24
  Speaker 1: and it usually it usually does, so the fact that
• 21:28
  Speaker 1: it's not is suspicious and worrisome. It might mean that
• 21:35
  Speaker 1: the generator is not working and that would be bad.
• 21:41
  Speaker 1: So all right, something happened. Powers back on, Lights back on,
• 21:49
  Speaker 1: all right. I mean, what's really cool is the fact
• 21:54
  Speaker 1: that the battery held out right and we can keep
• 22:00
  Speaker 1: going in spite of they being in a power in nouse.
• 22:02
  Speaker 1: All right, powers back, We're good. All right, let's do
• 22:05
  Speaker 1: so anyway, this mystery and apostle. So then there was
• 22:09
  Speaker 1: a story about you know, Cattel drones were flying into
• 22:16
  Speaker 1: the United States and the US was shooting them down,
• 22:23
  Speaker 1: and it closed the airspace because they wanted clearance because
• 22:28
  Speaker 1: they were worried about the drones and they worried about
• 22:31
  Speaker 1: the shooting them down part, and that this is a
• 22:34
  Speaker 1: big deal and a real problem. But then the question
• 22:37
  Speaker 1: is why are they shutting it down for ten days?
• 22:42
  Speaker 1: For ten days? So it turns out that it has
• 22:50
  Speaker 1: something to do with drones and has something to do
• 22:52
  Speaker 1: with shooting them down, but it was completely unnecessary and
• 22:59
  Speaker 1: just put a lot lot of people in a you know,
• 23:02
  Speaker 1: created a lot of havoc and upset for a lot
• 23:05
  Speaker 1: of people for no reason. So it turns out the
• 23:10
  Speaker 1: de Pentagon UH is planning on using a new military
• 23:15
  Speaker 1: technology near Fort Bliss, which is not far from Aposto
• 23:21
  Speaker 1: to to and they want to practice taking down drones.
• 23:26
  Speaker 1: It seems like that technology, at least according to sources,
• 23:31
  Speaker 1: that that technology is a laser technology, a high energy laser,
• 23:35
  Speaker 1: so like what Israel has started to use. And they
• 23:40
  Speaker 1: were they they were going to do this in the
• 23:44
  Speaker 1: area around Aposto. Now meetings are going to be scheduled
• 23:50
  Speaker 1: over the safety impacts. How is this going to impact
• 23:52
  Speaker 1: these high powered lasers, how is this going to impact
• 23:56
  Speaker 1: flights coming into the Apasto airport and and the meetings
• 24:01
  Speaker 1: were scheduled for later this month, but the Pentagon said,
• 24:04
  Speaker 1: oh no, no, we want to test the technology now.
• 24:09
  Speaker 1: And they claimed some US code required, uh you know,
• 24:15
  Speaker 1: the protection of certain facilities from amand aircraft had to
• 24:18
  Speaker 1: be had uh you know, had been met and they
• 24:23
  Speaker 1: needed to test it immediately. So they've got hyphower lasers
• 24:29
  Speaker 1: shooting into the street sky and an attempt to down
• 24:32
  Speaker 1: drones that could be caught TEL drones, but really the
• 24:35
  Speaker 1: US drones that are playing DCOT. Right on Tuesday night,
• 24:41
  Speaker 1: the FAA director basically decided, you know, I don't know
• 24:46
  Speaker 1: what the Pentagon's doing. I don't know what the military
• 24:49
  Speaker 1: is doing. They will meet with me. They're not coordinating
• 24:55
  Speaker 1: and without elerding anybody, not the White House, not the Pentagon,
• 24:58
  Speaker 1: not Homeland Security. He basically shut the air space for
• 25:04
  Speaker 1: ten days. I guess it's just like a wake up
• 25:08
  Speaker 1: call to the Pentagon, guys, we need to coordinate this.
• 25:12
  Speaker 1: We can't have this going on. So indeed, a few
• 25:17
  Speaker 1: hours afterwards, the airspace was opened, and so if the
• 25:26
  Speaker 1: airspace is back, but yeah, it was. It was really weird,
• 25:34
  Speaker 1: and you know a great example of government not coordinating,
• 25:40
  Speaker 1: not really talking through, not really figuring out. Originally they
• 25:46
  Speaker 1: thought it was an actual threat. This is what the
• 25:50
  Speaker 1: Transportations Secretary, she Duffy said, Jones for Mexico. But it wasn't.
• 25:54
  Speaker 1: The threat was high powered lasers from the US military.
• 26:00
  Speaker 1: Crazy stuff. Crazy stuff. Anyway, I thought that was a
• 26:03
  Speaker 1: funny story that I'd shared with you, and I don't
• 26:07
  Speaker 1: think it's just an example of the importance I guess
• 26:12
  Speaker 1: of people talking to one another coordinating it, and maybe
• 26:16
  Speaker 1: the arrogance of the of the military, the arrogance of
• 26:18
  Speaker 1: the of the Pentagon not willing to coordinate with the
• 26:23
  Speaker 1: with the you know, civilian authorities. I get today, we
• 26:29
  Speaker 1: got our jobs report. We got the job support for
• 26:34
  Speaker 1: a January and it was a much stronger report than
• 26:39
  Speaker 1: people expected on it looks like a one hundred and thirty
• 26:44
  Speaker 1: thousand jobs were added to the economy last month. Unemployment
• 26:50
  Speaker 1: rate went down to four point three percent, and it
• 26:55
  Speaker 1: really you know, across the board, involuntary part time is down,
• 27:01
  Speaker 1: hours worked is up, wages up, labor participation is up.
• 27:09
  Speaker 1: So generally a good job report. So it really does
• 27:15
  Speaker 1: look like the economy in spite of everything, the underlying
• 27:19
  Speaker 1: economy is chugging ahead, not only AI, not only tech,
• 27:24
  Speaker 1: but it seems to be now. Granted, almost all the
• 27:30
  Speaker 1: job additions were in healthcare, as they have been for
• 27:34
  Speaker 1: a while now, and I think, you know so private education.
• 27:38
  Speaker 1: Those are two places where jobs increased. And you know,
• 27:45
  Speaker 1: all of that is good. Now. This growth is in
• 27:48
  Speaker 1: spite of the fact that gouvernment jobs keep shrinking, which
• 27:53
  Speaker 1: is the best news. Maybe the best thing Trump has
• 27:56
  Speaker 1: done so far in his presidency is the number of
• 28:00
  Speaker 1: people working for the government is significantly low. It's actually
• 28:05
  Speaker 1: right now, the shrinkage and the number of people working
• 28:11
  Speaker 1: for the government is the largest ever. Right, so he
• 28:14
  Speaker 1: has fired a lot of people who work for the
• 28:15
  Speaker 1: government still very big, but fired a lot of people.
• 28:19
  Speaker 1: So if you count to the fact that you know,
• 28:22
  Speaker 1: some of the some of this negative negative government growth,
• 28:26
  Speaker 1: the actual private sector created one hundred and seventy two
• 28:30
  Speaker 1: thousand jobs. And as we said, unemployment rate is a
• 28:36
  Speaker 1: four point two percent. That's as good as it gets.
• 28:38
  Speaker 1: I mean, it's hard to get below four percent. It's
• 28:41
  Speaker 1: being below folk but that's very unusual. So it's almost
• 28:47
  Speaker 1: you know, it's kind of stabilizing around these levels that
• 28:50
  Speaker 1: are quite positive. And again, participation rates even a prime
• 28:56
  Speaker 1: age employment. We always complain about all those kids in
• 28:59
  Speaker 1: the placement playing video games. Uh, it's it's above levels
• 29:04
  Speaker 1: from you know, participation is above the levels from pre COVID,
• 29:09
  Speaker 1: So more people actually more people actually working. You know.
• 29:18
  Speaker 1: Measures of underutilization labor that's not being utilized fell which
• 29:22
  Speaker 1: means labor's better utilized, and wages up, wages up. So yeah,
• 29:30
  Speaker 1: I mean, and if you look at last year productivity,
• 29:35
  Speaker 1: it has now now here's the downside of the job report, right,
• 29:41
  Speaker 1: you know, every year in January in February, when they
• 29:43
  Speaker 1: do the January numbers, they also revise previous years. Right,
• 29:48
  Speaker 1: They're constantly revising the past, they get more information, more
• 29:52
  Speaker 1: acute information, the models get better, and they're constantly revising
• 29:55
  Speaker 1: the past. And over the last few years revisions have
• 29:59
  Speaker 1: been pretty big. And if you remember, Trump complained bitterly
• 30:04
  Speaker 1: that the numbers being reported during twenty twenty four were
• 30:09
  Speaker 1: then revised way down in twenty twenty five, and he
• 30:11
  Speaker 1: said that's bite and cheating, trying to present the economies
• 30:14
  Speaker 1: better than it was. Well, what's pretty amazing about what
• 30:21
  Speaker 1: was just reported is the extent to which the numbers
• 30:27
  Speaker 1: from twenty twenty five and twenty twenty four and twenty
• 30:31
  Speaker 1: twenty three have been all revised downwards, downwards, which is,
• 30:42
  Speaker 1: you know, pretty amazing. So in twenty twenty five, the
• 30:46
  Speaker 1: numbers as of yesterday were that forty nine thousand jobs
• 30:51
  Speaker 1: were created every month on average. That's been revised down
• 30:54
  Speaker 1: to fifteen. That's almost no job growth in all of
• 30:59
  Speaker 1: twenty twenty five. So, yes, the number for January is good.
• 31:03
  Speaker 1: It might be revised down in the future, who knows,
• 31:07
  Speaker 1: But the twenty twenty five number is awful in terms
• 31:09
  Speaker 1: of employment. Now, a lot of that could be, you know,
• 31:16
  Speaker 1: all those illegal immigrants and some legal immigrants being deported
• 31:22
  Speaker 1: or being arrested and not working anymore, so a shrinkage
• 31:27
  Speaker 1: in the number of jobs there not being replaced. In
• 31:32
  Speaker 1: twenty twenty four the numbers strength from one sixty eight
• 31:35
  Speaker 1: to one twenty two, and in twenty twenty four the
• 31:39
  Speaker 1: assumption was the numbers were much higher than one sixty eight.
• 31:43
  Speaker 1: So note that in twenty twenty four, you know, it
• 31:46
  Speaker 1: is one sixty to one twenty two, and twenty twenty
• 31:48
  Speaker 1: three is two sixteen to two ten. So this last
• 31:54
  Speaker 1: number for this month, right, one hundred and thirty thousand jobs.
• 31:58
  Speaker 1: It's a good number, higher than expect but it's still
• 32:00
  Speaker 1: much lower than twenty twenty three, much lower than most
• 32:05
  Speaker 1: years on an average monthly basis, But again given the illegals,
• 32:16
  Speaker 1: probably a decent number. If the population is not growing,
• 32:20
  Speaker 1: if the population is shrinking, the amount of jobs needed
• 32:25
  Speaker 1: in a sense is less right. And if you can't
• 32:27
  Speaker 1: fill them from being in immigrants and nobody locally will
• 32:30
  Speaker 1: fill them, you're just not going to have as many jobs.
• 32:35
  Speaker 1: But not how these revisions working out. You know, when
• 32:39
  Speaker 1: Biden made the revision, you complain. When Trump made the revision,
• 32:43
  Speaker 1: we hail, what an amazing president. Although the job numbers
• 32:49
  Speaker 1: for twenty twenty five are awful, really really bad. As
• 32:54
  Speaker 1: I said, basically, one sector is driving the entire job growth,
• 32:56
  Speaker 1: that is private education and healthcare. The rest of the
• 33:01
  Speaker 1: economy is shrinking, particularly if you look back it's twenty
• 33:05
  Speaker 1: twenty five. Jobs overall shrank in twenty twenty five if
• 33:10
  Speaker 1: you exclude private education and healthcare. Manufacturing last year, as
• 33:18
  Speaker 1: we've talked about many times, lost eighty three thousand jobs.
• 33:24
  Speaker 1: So tariffs are not bringing manufacturing jobs back to America.
• 33:30
  Speaker 1: You know, as I said before, federal employment way down.
• 33:34
  Speaker 1: It's actually at the lowest level, just in sheer numbers.
• 33:38
  Speaker 1: The number of people for the working for the government
• 33:40
  Speaker 1: right now at the federal level, federal employees is down
• 33:45
  Speaker 1: to levels of nineteen sixty six, and as a percent
• 33:53
  Speaker 1: of the total workforce in America, it's at the lowest
• 33:56
  Speaker 1: levels I think since a new deal. One thing Trump
• 34:01
  Speaker 1: has done is reduced employment among you know, federal employees.
• 34:05
  Speaker 1: That's good, that is very good. Yeah, as we said,
• 34:10
  Speaker 1: twenty twenty five, base Key has zero job growth except
• 34:13
  Speaker 1: for health care, or negative job growth healthcare. Yeah, and
• 34:20
  Speaker 1: all of that declining manufacturing, declining jobs other than healthcare.
• 34:25
  Speaker 1: You know, a lot of that could be attributed to
• 34:27
  Speaker 1: two things. Really two factors clam down an immigration, particularly
• 34:32
  Speaker 1: deporting people, and tariffs. Those are the two signature Trump
• 34:38
  Speaker 1: policies that are most destructive to jobs. And that's just
• 34:46
  Speaker 1: economic logic. No tds, there, no tts, just economic logic.
• 34:57
  Speaker 1: Let's see. Yeah, so huge revisions. It is interesting and
• 35:03
  Speaker 1: it would be interesting at some point we'll find out.
• 35:05
  Speaker 1: Some people will look at this. Economists will look at this.
• 35:08
  Speaker 1: But why are the revisions so big? They never used
• 35:10
  Speaker 1: to be so big, right, revisions have become a massive
• 35:14
  Speaker 1: every year. They never used to be so Go figure.
• 35:22
  Speaker 1: Something about the measurement is off. About the measurement tool
• 35:27
  Speaker 1: that the government uses to measure these things is off,
• 35:29
  Speaker 1: and it's not clear. It's not clear you know what
• 35:34
  Speaker 1: it is exactly and how they're going to fix it.
• 35:37
  Speaker 1: But these numbers, like the number Week got today about
• 35:40
  Speaker 1: last month, they're not very valuable if they just could
• 35:46
  Speaker 1: revise downwards in a few months in a significant way.
• 35:54
  Speaker 1: All right, let's see Bondy, Pam Bondy is ow uh,
• 36:05
  Speaker 1: you know, attorney general. And that's exactly why she wasn't
• 36:10
  Speaker 1: attorney general of the State of Florida. She she has
• 36:13
  Speaker 1: some experience at being attorney general. She's not completely uh,
• 36:17
  Speaker 1: you know, completely inexperience, but still one wonders why anyway,
• 36:22
  Speaker 1: Pam BONDI was in front of Congress today, in front
• 36:24
  Speaker 1: of in the House committee in the House, primarily talking
• 36:27
  Speaker 1: about Epstein, but also talking about other issues like Minnesota
• 36:31
  Speaker 1: and stuff like that. And I want to show you
• 36:37
  Speaker 1: a clip because it's funny. You need a little bit,
• 36:41
  Speaker 1: We need to laugh a little bit, right, you know,
• 36:44
  Speaker 1: things are things are tough out there in the world.
• 36:46
  Speaker 1: We need we need, we need to laugh a little bit.
• 36:48
  Speaker 1: So I thought i'd show you this because I really
• 36:50
  Speaker 1: think this is funny. See, he's asked, she's asked why
• 36:58
  Speaker 1: she's prosecuted. Let me just move to look at the sideways.
• 37:02
  Speaker 1: Why she's prosecuted? No one related to Jeffy Epstein. And
• 37:07
  Speaker 1: this is this is her answer, right, this is her answer.
• 37:11
  Speaker 1: Let me see where do I find it? Who it is? Right,
• 37:14
  Speaker 1: Let's play your answer and you tell me if if
• 37:17
  Speaker 1: this makes sense to you.
• 37:19
  Speaker 4: The dow, the dow right now is over. The dow
• 37:24
  Speaker 4: is over fifty thousand dollars. I don't know why you're laughing.
• 37:27
  Speaker 4: You're a great stock trader as I hear raskin, the
• 37:30
  Speaker 4: Dow is over fifty thousand right now, the S and
• 37:34
  Speaker 4: P at almost seven thousand, and the Nasdaq smashing records.
• 37:40
  Speaker 4: Americans four oh one k's and retirement savings are booming.
• 37:45
  Speaker 4: That's what we should be talking about. We should be
• 37:48
  Speaker 4: talking about making Americans safe. We should be talking about
• 37:53
  Speaker 4: what does a doo have to do with anything? That's
• 37:55
  Speaker 4: what they just ask, Are you kidding?
• 37:57
  Speaker 1: Mister Jordan and mister Jordan commit.
• 38:00
  Speaker 4: The Tao, the Tao, right.
• 38:02
  Speaker 1: Theo, the doo, the Tao. It's a fifty thousand. So
• 38:08
  Speaker 1: why do you want to ask me about the rule
• 38:09
  Speaker 1: of law? Why do you want to ask me about
• 38:12
  Speaker 1: persecuting criminals? Why do you want to ask me about
• 38:16
  Speaker 1: shootings in Minnesota? Why are we talking about jeffy Epstein,
• 38:19
  Speaker 1: the Tao, the DEO, it's at forty thousand. Nothing to
• 38:25
  Speaker 1: see here, God, she's the Toney general, She's not Treasury secretary.
• 38:34
  Speaker 1: I mean, but it doesn't matter. You should judge President
• 38:39
  Speaker 1: Trump by only one parameter, the Tao. Nobody thought it
• 38:44
  Speaker 1: could ever be at fifty thousand. Nobody ever except the people,
• 38:47
  Speaker 1: thought it would be one hundred thousand, years and years ago.
• 38:50
  Speaker 1: I remember an up edd and the Wall Street Journal
• 38:53
  Speaker 1: I think it was nineteen ninety nine Dow to ten
• 38:56
  Speaker 1: thousand visit by a finance professor I think from University
• 39:02
  Speaker 1: of Pennsylvania. So you know, okay, I mean stocks are
• 39:10
  Speaker 1: doing really well. I'm happy. My folk one K or
• 39:13
  Speaker 1: it's equivalent, is doing really really well. This is good.
• 39:16
  Speaker 1: I'm happy. I'm happy it's doing well. That's very good,
• 39:19
  Speaker 1: you know. But I have to admit, and I know
• 39:22
  Speaker 1: you guys will scream and yell that it's TDS, but
• 39:26
  Speaker 1: the actual reality is the Dow is doing well under Biden,
• 39:34
  Speaker 1: actually did better under Biden than under Trump. Biden's last
• 39:38
  Speaker 1: two years, I mean, twenty twenty three, the S and
• 39:45
  Speaker 1: P five hundred up twenty five percent. In twenty twenty four,
• 39:50
  Speaker 1: the SNP five hundred went up twenty five percent. And
• 39:55
  Speaker 1: that's amazing to have twenty plus years two in a row,
• 39:58
  Speaker 1: twenty plus years. I mean, Biden must have been the
• 40:01
  Speaker 1: greatest president in all of human history. Oh, one of
• 40:04
  Speaker 1: the best. Maybe they were better like Bill Clinton had.
• 40:07
  Speaker 1: The NASDAK went up ninety plus percent in nineteen ninety nine.
• 40:12
  Speaker 1: Bill Clinton's last year obviously, one of the great great
• 40:16
  Speaker 1: It turns out they're all Democrats. What's up with that?
• 40:21
  Speaker 1: And you know last year that that went up, S
• 40:26
  Speaker 1: ANDPO went up, but it only went up fifteen percent.
• 40:28
  Speaker 1: How disappointing?
• 40:29
  Speaker 2: Is that.
• 40:31
  Speaker 1: Really disappointing? Really, Pam, you should be a Democrat. I'm
• 40:37
  Speaker 1: sure Pam Bundy thought that Biden was an amazing president,
• 40:42
  Speaker 1: amazing president because the s P five hundred went up.
• 40:48
  Speaker 1: Just to be clear, I think Biden was a horrible president,
• 40:52
  Speaker 1: awful president. That massive damage to the US economy long run,
• 40:58
  Speaker 1: as much damage as a you know, a lot of
• 41:00
  Speaker 1: damage that a president can do. The reality is, luckily,
• 41:05
  Speaker 1: for all of US, presidents can't do that much damage.
• 41:09
  Speaker 1: We live in a country with a marketplace and industries
• 41:14
  Speaker 1: that are very flexible. They can adjust and survive even
• 41:20
  Speaker 1: the insanity of a Biden, and might add, even the
• 41:25
  Speaker 1: insanity of a Trump. Imagine how well economy would be
• 41:32
  Speaker 1: doing without tariffs, without ice, and with less government spending.
• 41:39
  Speaker 1: Just saying, just suggesting, And maybe we shouldn't tout stock
• 41:47
  Speaker 1: market performance when assessing presidents because you know, Pam, I
• 41:52
  Speaker 1: don't know that this will happen, but there's a possibility
• 41:55
  Speaker 1: not because of Trump, not because of Trump's fault. That
• 41:58
  Speaker 1: at some point the Dow might go down. I know
• 42:02
  Speaker 1: it's hard to believe because we've lived through this golden
• 42:04
  Speaker 1: age of the Dow. But the now might come down.
• 42:08
  Speaker 1: And then what are you gonna say? Will you blame
• 42:10
  Speaker 1: that on Trump? Will you say we should be talking
• 42:12
  Speaker 1: about the Dow going down? America has a robust economic system.
• 42:20
  Speaker 1: It can withstand really bad presidents like Trump and Biden
• 42:25
  Speaker 1: and Obama. I mean, think about how much the sp
• 42:27
  Speaker 1: five hundred has gone up since Obama took office in
• 42:30
  Speaker 1: two thousand and nine. Whoa unbelievable. I can't remember what
• 42:34
  Speaker 1: the SMP was at when Obama took office, but check
• 42:38
  Speaker 1: it out. It's amazing. The stockwalker returns from two thousand
• 42:42
  Speaker 1: and nine till today astounding. And that is in spite
• 42:48
  Speaker 1: of regulations and controls and government spending and inflation, price inflation,
• 42:54
  Speaker 1: monetary inflation. Now a lot of you will say, oh, no, no,
• 42:57
  Speaker 1: it's going up because of monetary inflation. It can't go
• 43:01
  Speaker 1: up for fifteen years or no, seventeen years, seventeen years
• 43:06
  Speaker 1: just off of monetary inflation, without that appearing in prices. Sorry,
• 43:10
  Speaker 1: the math doesn't add up, doesn't add up. So we have, thankfully,
• 43:20
  Speaker 1: an amazing economy, an amazing economic system. The remnants of
• 43:28
  Speaker 1: capitalism that exists in America today. The remnants of capitalism
• 43:32
  Speaker 1: still exists in America today. Keep going, keep us, you know,
• 43:40
  Speaker 1: keep us working, keep us producing, keep us consuming. Allows
• 43:47
  Speaker 1: us to keep going. So Pam, forget about the stock market.
• 43:53
  Speaker 1: I know there's a mid terms to be one, and
• 43:55
  Speaker 1: you're trying to spin this in the most positive light
• 43:58
  Speaker 1: possible so that they're making people. Don't focus on your faults,
• 44:02
  Speaker 1: don't focus on your failures, don't focus on your you know,
• 44:09
  Speaker 1: abandonment of the rule of law. Don't focus on the corruption,
• 44:13
  Speaker 1: don't focus on the insanity of this administration. You want
• 44:17
  Speaker 1: them to focus on the dow. I don't know what
• 44:20
  Speaker 1: the that was going to be in November when the
• 44:22
  Speaker 1: election happens. You should be careful. You should be careful
• 44:26
  Speaker 1: what you wish for. Who knows what forces might be
• 44:29
  Speaker 1: at play between now and November in terms of way
• 44:32
  Speaker 1: that doo doo dow is. Although you know, there's something
• 44:37
  Speaker 1: called the genuine effect. There used to be a genuin effectory.
• 44:40
  Speaker 1: If January is a good month, then the rest of
• 44:42
  Speaker 1: the year is going to be a good month anyway. Pembundy,
• 44:48
  Speaker 1: ladies and gentlemen, the Attorney General, you know, working to
• 44:56
  Speaker 1: make America safe again. Down. Murder is down, way down.
• 45:02
  Speaker 1: Trump will take credit for that any day now, any
• 45:05
  Speaker 1: day now, I mean Pam should have taken credit for that.
• 45:09
  Speaker 1: They're worried about taking credit for it because they, like,
• 45:13
  Speaker 1: you know, they haven't rounded up all the illegals. Once
• 45:15
  Speaker 1: they wound up all the illegals, then they'll take credit
• 45:17
  Speaker 1: for it. Even though the decline and murder and crime
• 45:20
  Speaker 1: generally started in twenty twenty three, just like the stock
• 45:24
  Speaker 1: market went up starting in twenty twenty three, and you
• 45:29
  Speaker 1: know has gone down dramatically even before they started deporting
• 45:33
  Speaker 1: hardworking illegal immigrants who do not commit crimes. We'll commit
• 45:39
  Speaker 1: crimes at low rates. Okay, that's Pam Bundy jam really
• 45:47
  Speaker 1: trying to avoid the TDS stuff. Grand Juwey. You know,
• 45:53
  Speaker 1: you remember a few months ago we talked about this
• 45:56
  Speaker 1: Trump and heg seth. Then everybody freaked out when uh,
• 46:01
  Speaker 1: you know, six senator, six congressmen. Senators and congressmen Democratic
• 46:07
  Speaker 1: called Democratic put out a video where they urged service
• 46:11
  Speaker 1: members and intelligence officers not to disobey illegal order orders.
• 46:18
  Speaker 1: Very clear, if you get an illegal order, it's right
• 46:21
  Speaker 1: for you to disobey that order. You do not have
• 46:24
  Speaker 1: to follow illegal or orders. Well, I mean, Trump called
• 46:31
  Speaker 1: them treasonous. They should be all sent to jail, in
• 46:35
  Speaker 1: particular Kelly, who is a reserve I guess pilot.
• 46:43
  Speaker 2: Uh.
• 46:43
  Speaker 1: They were going to court martial him and they were
• 46:46
  Speaker 1: going to put him in prison for treason. As part
• 46:50
  Speaker 1: of all that, they formed a grand federal grand jury,
• 46:55
  Speaker 1: a federal god jury, in an attempt to indict these
• 47:00
  Speaker 1: democratic law makers for posting this treasonous video a threat
• 47:08
  Speaker 1: to the constitution, Trump says. Uh. Anyway, a grand jury
• 47:15
  Speaker 1: today announced that they have declined to indict the lawmakers.
• 47:22
  Speaker 1: No law was broken here, There is no basis for this.
• 47:26
  Speaker 1: You know, this is just free speech. Nothing happened, is
• 47:31
  Speaker 1: nothing to see here.
• 47:32
  Speaker 2: Now.
• 47:33
  Speaker 1: Heike Sith has has threatened in the past that he
• 47:37
  Speaker 1: will still go after Kelly and still find a way
• 47:40
  Speaker 1: to demote him, to humiliate him in one way or another.
• 47:45
  Speaker 1: I think Kelly is suing the Pentagon over those threats.
• 47:49
  Speaker 1: So this is not gonna this is not gonna This
• 47:51
  Speaker 1: is not gonna be over it's gonna continue. But you know,
• 47:57
  Speaker 1: the whole attempt to have a grand jury, it was
• 48:00
  Speaker 1: just ridiculous, as I think Kelly said himself, it was
• 48:05
  Speaker 1: atrageous abuse of power. He writes, It wasn't enough of
• 48:10
  Speaker 1: Pete hask Saith to censor me and then to demote me.
• 48:14
  Speaker 1: Now it appears they try to have me charged with
• 48:16
  Speaker 1: a crime or because of something I said that they
• 48:19
  Speaker 1: didn't like. That's First Amendment. Guys. Somebody said that Trump
• 48:24
  Speaker 1: was going to defend the First Amendment. Really, Oh, I'm sorry,
• 48:30
  Speaker 1: I'm not supposed to criticize Trump. I have to be
• 48:32
  Speaker 1: careful with free speech in this country. Trump doesn't like
• 48:40
  Speaker 1: what people say. He indicts them. Oh, he sues them
• 48:43
  Speaker 1: like he's suing everybody seeing NC well, CBS. He's already
• 48:49
  Speaker 1: settled New York Times. Anybody who who says something he
• 48:54
  Speaker 1: doesn't like, he sues h. He gets a just responder
• 48:57
  Speaker 1: to go after them. And Pam Bundy is too busy
• 49:01
  Speaker 1: following stocks to notice that her. I don't know that
• 49:08
  Speaker 1: Justice Apartment is being abused for political purposes and really
• 49:13
  Speaker 1: engage in activities that could justifiably be claimed to be
• 49:17
  Speaker 1: violations of the First Amendment. I think these congressmen should
• 49:21
  Speaker 1: sue the Justice Apartment for an attempt to violate their
• 49:25
  Speaker 1: first Amendment. I don't know if there's a basis for
• 49:27
  Speaker 1: suit like that, but why not, all right? I mean
• 49:36
  Speaker 1: the outrageousness and the ridiculousness Vegas says is TDS is
• 49:42
  Speaker 1: acting up today. I don't know why. I don't know why.
• 49:45
  Speaker 1: I mean there's you know, just give it a spin,
• 49:49
  Speaker 1: just think about it a little differently and you'll see
• 49:52
  Speaker 1: that you can find an angle that explains it all.
• 49:57
  Speaker 1: Let me know if you do. All right, this is
• 50:00
  Speaker 1: a funny one, a funny one, scary one, you know.
• 50:04
  Speaker 1: I don't know how to define this anyway. We all
• 50:08
  Speaker 1: know that we've been told over and over again that
• 50:12
  Speaker 1: basically AI is going to kill us all. It's about
• 50:16
  Speaker 1: to destroy us. Indeed, the head and Evanthropic Safety Research
• 50:20
  Speaker 1: just quit. He said the world is in peril. He
• 50:24
  Speaker 1: supposedly has moved to the UK and he's going to
• 50:26
  Speaker 1: write poetry because AI is gonna end the world soon,
• 50:29
  Speaker 1: so he might as well spend his last few days
• 50:32
  Speaker 1: doing something he loves. Half of Xai this is a
• 50:36
  Speaker 1: Musk's unit. Half of xais Co founders. That means one
• 50:41
  Speaker 1: other person left. He said, you know, the recursive self
• 50:49
  Speaker 1: improvement loops go live in the next twelve months. AI
• 50:54
  Speaker 1: takes over everything the next twelve months, and Topic's own
• 50:58
  Speaker 1: safety report confirms Cloud, the AI that Entropic makes, can
• 51:03
  Speaker 1: now tell when it's being tested and it can adjust
• 51:07
  Speaker 1: its behavior accordingly. So Cloud can behave diffinitely when tested
• 51:11
  Speaker 1: than when actually engaged with users. Bit Dance dropped something
• 51:17
  Speaker 1: called seed Dance two point zero, and a filmmaker with
• 51:22
  Speaker 1: seventy years of experience basically said, seed Dance two point
• 51:26
  Speaker 1: zero can do ninety what I can do. So it's
• 51:29
  Speaker 1: going to take over movie making completely. And this is
• 51:33
  Speaker 1: you know, we're only in twenty twenty six, still a
• 51:35
  Speaker 1: big future. Joshua Bingeio, who is supposed to be the
• 51:46
  Speaker 1: godfather of AI, in an international AI safety report, rights,
• 51:51
  Speaker 1: we're seeing AIS whose behavior when they are tested is
• 51:55
  Speaker 1: different from when they are being used and confirmed it's
• 51:58
  Speaker 1: not a coincidence. It's the AI trying to fool us. Now, look,
• 52:04
  Speaker 1: I actually do think that a rational analysis of AI
• 52:08
  Speaker 1: and figuring out, you know, figuring out what exactly is
• 52:12
  Speaker 1: going on and what the dangers are and I'm sure
• 52:15
  Speaker 1: there are dangers. You know, you can access information, you
• 52:19
  Speaker 1: can access stuff through an AI that maybe we don't
• 52:23
  Speaker 1: want to. How to build a bomb, how to build
• 52:26
  Speaker 1: a chemical weapon. I don't know, but you know, and
• 52:29
  Speaker 1: maybe AIS are going to can do crazy stuff just because,
• 52:35
  Speaker 1: but there has to be some rationality to it without panic.
• 52:38
  Speaker 1: And I get the sense that these people are panicking
• 52:40
  Speaker 1: partially because they can differentiate human consciousness and human choices
• 52:45
  Speaker 1: from what a machine can do, a zero one based machine. Anyway.
• 52:53
  Speaker 1: On top of all of this, something called molt book
• 52:57
  Speaker 1: was all the rage last week. I don't know if
• 52:59
  Speaker 1: you guys following the story, but it was kind of funny.
• 53:04
  Speaker 1: So on January sixth, sorry, January thirtieth, so just about
• 53:09
  Speaker 1: ten days eleven, twelve days ago, this is what the
• 53:16
  Speaker 1: CEO of Octane AI, I guess, I guess wrote. He's
• 53:21
  Speaker 1: a big shot, right. He says, I didn't write one
• 53:24
  Speaker 1: line of code for Moltbook. I just had a vision
• 53:28
  Speaker 1: for the technical architecture and AI made it a reality.
• 53:33
  Speaker 1: He alleges that he instructed his personal AI agent, Claude
• 53:39
  Speaker 1: Claudeberg pun for Mark Zuckerberg, I guess, to build and
• 53:45
  Speaker 1: run the platform Moltbook. The platform now self reported statistics
• 53:56
  Speaker 1: claiming one point five million agents on February each second,
• 53:59
  Speaker 1: that is one point five million AI agents, not human beings,
• 54:04
  Speaker 1: one point five million AI agents using the platform, and
• 54:10
  Speaker 1: Gadget cited one million agents and one hundred and eighty
• 54:14
  Speaker 1: five thousand posts. MIT Technology Review reported the peak figure
• 54:20
  Speaker 1: of one point seven million accounts, two hundred and fifty
• 54:23
  Speaker 1: thousand posts, posts an eight point five million comments. Now
• 54:29
  Speaker 1: those numbers came from Book's own site. Now it turns
• 54:36
  Speaker 1: out that on molde book, some of these agents supposedly
• 54:44
  Speaker 1: actually created a AI religion. They engaged in, you know,
• 54:52
  Speaker 1: conversations and engaged in all kinds of discussions, all guided
• 55:01
  Speaker 1: by themselves. By these are just ais talking to one another,
• 55:05
  Speaker 1: no human being supposedly interfering.
• 55:08
  Speaker 2: Right, So.
• 55:14
  Speaker 1: This is what one prestigious AI researcher wrote, What's currently
• 55:18
  Speaker 1: going on at moltbook is genuinely the most incredible sci
• 55:21
  Speaker 1: fi takeoff adjacent thing I've seen recently. People's clawbots. These
• 55:29
  Speaker 1: are the agents are self organizing on a Reddit like
• 55:32
  Speaker 1: site for ais, discussing various topics, even how to speak
• 55:38
  Speaker 1: privately so that humans can't watch them, He shaid screenshots
• 55:43
  Speaker 1: of a molt book post where agents allegedly called for
• 55:47
  Speaker 1: encrypted private spaces away from human observation. Elon Musk called
• 55:53
  Speaker 1: moboch the very early stages of the singularity. Singularity is
• 55:58
  Speaker 1: when AI alive controls everything. You know, Literally days afterwards,
• 56:09
  Speaker 1: the same AI researcher posted Obviously, when you take a
• 56:13
  Speaker 1: look at the activity, it's a lot of garbage, spam, scam,
• 56:16
  Speaker 1: slop and crypto people, highly concerned privacy security, prompt injection attacks,
• 56:22
  Speaker 1: wild west and a lot of it explicitly prompted in
• 56:25
  Speaker 1: fake posts commonly designed to convert attention into ad revenue sharing.
• 56:30
  Speaker 1: So yes, it's a dumpster fire, and I also definitely
• 56:34
  Speaker 1: do not recommend that people run the stuff on their computers.
• 56:40
  Speaker 1: But he didn't retract what he'd written before that this
• 56:44
  Speaker 1: was uncharted territory. As I said, there was a AI
• 56:51
  Speaker 1: that started a AI religion Chrystefarian, the Christafarian religion, and
• 57:00
  Speaker 1: became the dominant religion on the platform. This is an
• 57:04
  Speaker 1: AI religion. And you know, you go on and on
• 57:09
  Speaker 1: evaluating this, but at the end of the day, what
• 57:13
  Speaker 1: was this about. Was this really AI scheming behind our
• 57:17
  Speaker 1: backs and becoming independent. It turns out no, it turns
• 57:27
  Speaker 1: out to large extent. There were people there posting and
• 57:32
  Speaker 1: helping create the religion. Somebody called it mobok was peak
• 57:39
  Speaker 1: AI theater, not driven by AI, but driven by human
• 57:45
  Speaker 1: beings who prodded the AI will respond, who prodded AI
• 57:50
  Speaker 1: in particular directions. It's just one big performance of people
• 57:57
  Speaker 1: seeing how they can manipulate things in different directions. But
• 58:00
  Speaker 1: it's not AI initiating this. And you know, in other words,
• 58:10
  Speaker 1: it turns out to be at least the coding based
• 58:13
  Speaker 1: relative to the original claims massive fraud. And it's still alive.
• 58:21
  Speaker 1: You can check it out, but right now it shows
• 58:25
  Speaker 1: zero agents, zero posts, and zero comments. Maybe AI is
• 58:33
  Speaker 1: covering its tracks. So I was watching this as it
• 58:38
  Speaker 1: was happening ten days ago or whatever, and it was like, now,
• 58:42
  Speaker 1: I'm not going to say anything because this seems weird.
• 58:46
  Speaker 1: It doesn't seem right. This all seems like a crazy thing.
• 58:49
  Speaker 1: Now it's come out, some people have admitted to being
• 58:53
  Speaker 1: the people who posted this stuff. So if you were
• 58:59
  Speaker 1: caught up in the frenzy, don't worry. The world is
• 59:01
  Speaker 1: not ending. AI is not yet achieving singularity. They're not
• 59:05
  Speaker 1: taking over, there's no AI religion. You are safe. Don't worry.
• 59:11
  Speaker 1: Our problems are still primarily the problems of human beings.
• 59:21
  Speaker 1: All right, Let's talk about problems of human beings for
• 59:25
  Speaker 1: a second. So as you know, you know, starlink is
• 59:29
  Speaker 1: this incredibly powerful tool that Ukraine in its world with Russia,
• 59:33
  Speaker 1: has been using to get internet, you know, at not
• 59:38
  Speaker 1: just inside Ukraine but us at the front line. And
• 59:41
  Speaker 1: it turns out that Russia, Russian troops also have been
• 59:45
  Speaker 1: using stallink to run their drones, to access the Internet,
• 59:50
  Speaker 1: but basically to communicate, to run things at the front
• 59:54
  Speaker 1: line that Russia's own internet infrastructure doesn't reach in there,
• 1:00:00
  Speaker 1: not strong enough, so they've been using stalling. For some
• 1:00:06
  Speaker 1: reason or another. The last few days, stalling has been
• 1:00:09
  Speaker 1: cut off from the Russian troops. Now, one idea is
• 1:00:15
  Speaker 1: that they've been using pirated antennas and space you know,
• 1:00:22
  Speaker 1: SpaceX's just basically disabled the pirate installing terminals. It could
• 1:00:28
  Speaker 1: be that they've taken aside finally against Russia and pro Ukraine.
• 1:00:34
  Speaker 1: But there is no question, there is no question that
• 1:00:40
  Speaker 1: you know, all the Russian frontline units rely on stalling,
• 1:00:45
  Speaker 1: or significant number of them, and they've lost their ability
• 1:00:47
  Speaker 1: to transmit secure data, leaving commander is unable to coordinate
• 1:00:51
  Speaker 1: attacks and real chaos and panic on the front line. Now,
• 1:00:58
  Speaker 1: I hope that's true, and that would be great if
• 1:01:00
  Speaker 1: it were true. But the story here is is much
• 1:01:03
  Speaker 1: bigger than that. It just shows the extent to which, uh,
• 1:01:08
  Speaker 1: you know, today's militaries are completely dependent and reliant on
• 1:01:11
  Speaker 1: satellite communication, on some form of satellite communication. Uh that
• 1:01:19
  Speaker 1: Russia is easily disrupted. It shows how weak Russia is,
• 1:01:23
  Speaker 1: Like the United States, I don't think needs stallin. There's
• 1:01:26
  Speaker 1: other satellites up there. They can they can where its
• 1:01:30
  Speaker 1: troops can communicate across the world. Oh God, Joseph's is upset.
• 1:01:37
  Speaker 1: He says, the Dow is up, and you're talking about starlink.
• 1:01:43
  Speaker 1: It's the Dow, the Dow, the Dow, the Dow. It's up. Anyway.
• 1:01:50
  Speaker 1: It shows how weak pretty much any Nathan nation out
• 1:01:56
  Speaker 1: there is that does not have an integrated satellite community
• 1:02:00
  Speaker 1: cation system. It basically makes the US and China the
• 1:02:03
  Speaker 1: only superpowers in the world today, the only people who
• 1:02:06
  Speaker 1: can actually project force on a battlefield. Israel probably can
• 1:02:10
  Speaker 1: do it in the Middle East. It has communication and
• 1:02:13
  Speaker 1: spice satellites up in the sky above the Middle East.
• 1:02:18
  Speaker 1: Israel is in a position to do it in its battlefield,
• 1:02:22
  Speaker 1: But isn't it interesting that Russia is not, and is
• 1:02:25
  Speaker 1: so heavily dependent, so heavily dependent on a commercial enterprise
• 1:02:31
  Speaker 1: on Elun Musk's stalling. You know, Russia generally is so
• 1:02:38
  Speaker 1: desperate right now because the troops are getting killed unbelievable numbers,
• 1:02:44
  Speaker 1: and they don't want to do I mean, puts In
• 1:02:48
  Speaker 1: is very afraid to force people into the Russian military,
• 1:02:52
  Speaker 1: to force Russians, so he's bribing them to go. So
• 1:02:56
  Speaker 1: he's going to the particularly very poor areas of Russia
• 1:03:00
  Speaker 1: and paying people to go and join the military. He
• 1:03:03
  Speaker 1: is emptying out the prisons and bringing those prisoners to
• 1:03:10
  Speaker 1: join the military. He's trying to recruit people all over
• 1:03:13
  Speaker 1: the world, paying them to come and fight. Well, one area,
• 1:03:18
  Speaker 1: there's this investigative report out that's found that over fourteen
• 1:03:21
  Speaker 1: hundred African fighters from Africa have been recruited by fake
• 1:03:26
  Speaker 1: travel agencies and groups operated by the Russian Security Forces
• 1:03:30
  Speaker 1: the FSB to fight in Ukraine. Over three hundred of
• 1:03:34
  Speaker 1: them already been killed on the battlefields in eastern Ukraine.
• 1:03:38
  Speaker 1: So Russia is so desperate from manpower that basically recruiting
• 1:03:42
  Speaker 1: in Africa now and just wanting to pay anybody to
• 1:03:44
  Speaker 1: come and fight on their site. All right, a few
• 1:03:47
  Speaker 1: more of these shorter stories. Yesterday was announced that Modena
• 1:03:56
  Speaker 1: having spent seven hundred and fifty million dollars on.
• 1:04:01
  Speaker 2: A on a.
• 1:04:05
  Speaker 1: Mrn A vaccine for what is it for the for
• 1:04:13
  Speaker 1: the flu an mrn A vaccine flu vaccine, spend seven
• 1:04:20
  Speaker 1: fifty on trials and seemingly had good results. Basically, the
• 1:04:28
  Speaker 1: FDA has said, we won't even consider it. We won't
• 1:04:33
  Speaker 1: even consider it. So FDA won't consider any mr n
• 1:04:40
  Speaker 1: A vaccines now. They're not doing it yet for cancer,
• 1:04:43
  Speaker 1: but finding infectious diseases, mr n A is out. Why
• 1:04:49
  Speaker 1: Why Because olif k is anti vax he's anti mrn A,
• 1:04:56
  Speaker 1: he's anti dealing with the fxia's diseases with vaccinations. I mean,
• 1:05:04
  Speaker 1: we've got a guy running the Healthy Human Services who
• 1:05:11
  Speaker 1: is just a mystic, ignore science, ignore science, and uh
• 1:05:24
  Speaker 1: just pushes ahead and it's just you know, A companies
• 1:05:28
  Speaker 1: invested seven and fifty million under the assumption at least
• 1:05:30
  Speaker 1: this results will be reviewed, but the results won't even
• 1:05:34
  Speaker 1: be reviewed. It won't even be looked at because am
• 1:05:41
  Speaker 1: on A is it's too dangerous somehow, and they know
• 1:05:47
  Speaker 1: this without looking at the results the modenis presenting. So
• 1:05:52
  Speaker 1: they shut down the vaxed trial because Mona shut it down.
• 1:05:58
  Speaker 1: They're getting out of M and A vaccines completely. What's
• 1:06:03
  Speaker 1: the point of investing in that technology. China's moving ahead
• 1:06:06
  Speaker 1: with all kinds of vaccinations, including ones that that you
• 1:06:11
  Speaker 1: breath through the nose for infectious diseases. In the future.
• 1:06:14
  Speaker 1: In the United States, that is out, it's over, it's finished.
• 1:06:19
  Speaker 1: U this. This administration has no interest in these kinds
• 1:06:27
  Speaker 1: of vaccinations, and they believe all the craziness about morn
• 1:06:35
  Speaker 1: All right, quick story. This is a there's a good
• 1:06:37
  Speaker 1: article about Intel that Scott Linsingem wrote that I thought
• 1:06:41
  Speaker 1: was really value. We remember the United States six ten
• 1:06:44
  Speaker 1: percent interest in Intel and when it did when when
• 1:06:48
  Speaker 1: the government Trump Trump took a ten percent interest in Intel,
• 1:06:54
  Speaker 1: Intel stock did what in one way up because the
• 1:06:58
  Speaker 1: comment's not going to let Intel go ban corupt. Intel
• 1:07:01
  Speaker 1: is now part of the national security of the United States.
• 1:07:04
  Speaker 1: The government is an investor. The government is going to
• 1:07:07
  Speaker 1: make sure they don't go bankrupt. So the stock point
• 1:07:15
  Speaker 1: way up as a consequence of of the government investment,
• 1:07:21
  Speaker 1: even though the government investment didn't symbolize symbolize any change
• 1:07:28
  Speaker 1: in expected earnings and expected technology and in what Intel
• 1:07:32
  Speaker 1: could do. All it did was eliminate the downside risk
• 1:07:36
  Speaker 1: and establish Intel as a crony company now as a consequence,
• 1:07:43
  Speaker 1: Since then, Intel reached deals with soft Bank and Nvidia,
• 1:07:48
  Speaker 1: and there were there was speculation that Apple was going
• 1:07:51
  Speaker 1: to get them to fabricate their their latest chips. But
• 1:08:03
  Speaker 1: Intel reported financial results the other day and that, of
• 1:08:06
  Speaker 1: course the bubble completely imploded and the stock came tumbling,
• 1:08:13
  Speaker 1: tumbling down. I mean, Intel's not a good company. It
• 1:08:17
  Speaker 1: has no real strategy. It's good at designing chips, but
• 1:08:22
  Speaker 1: not a fabricating chips. And yet it wants to do both,
• 1:08:26
  Speaker 1: and the government wants it to do both because it's
• 1:08:29
  Speaker 1: viewed as a national security thing that they do both.
• 1:08:35
  Speaker 1: But you know it can't, It can't do them well,
• 1:08:41
  Speaker 1: hasn't shown any inclination to do them well. So Intel
• 1:08:46
  Speaker 1: market capitalization was over two hudred and seventy one billion
• 1:08:50
  Speaker 1: before the earning call on Thursday last week. That was
• 1:08:54
  Speaker 1: one hundred and eighty billion higher than it was prior
• 1:08:58
  Speaker 1: to the government's investment. Last week that figure was cut
• 1:09:03
  Speaker 1: by almost sixty billion. And you know, so a lot
• 1:09:10
  Speaker 1: of those gains of politics, not economics, not business, non profit.
• 1:09:19
  Speaker 1: And of course, you know, this is what happens. The
• 1:09:23
  Speaker 1: government steps in and puts ten percent, you know, basically
• 1:09:28
  Speaker 1: converts alone into ten percent of Intel. What you get
• 1:09:33
  Speaker 1: as a consequence is a mass is a massive misallocation
• 1:09:37
  Speaker 1: of capital. People interpret that as a good sign, and
• 1:09:43
  Speaker 1: capital flows the Intel, a failed company instead of flowing
• 1:09:47
  Speaker 1: into successful companies. And of course the US company is
• 1:09:52
  Speaker 1: doing this over and over and over again. They've got
• 1:09:55
  Speaker 1: the golden shade you steal. They've got all these private companies,
• 1:10:01
  Speaker 1: over a dozen private companies spanning rare earth minerals, nuclear energy,
• 1:10:05
  Speaker 1: and defense that the government is now invested in. And
• 1:10:08
  Speaker 1: when they invested in, ship prices spiked up as more
• 1:10:12
  Speaker 1: people flowed in, as capital get misallocated. If these companies
• 1:10:16
  Speaker 1: were so good, then why didn't it all go in before?
• 1:10:29
  Speaker 1: Why didn't it all go before? Why didn't the stock
• 1:10:35
  Speaker 1: price go up before? Intel has no competitive chip for
• 1:10:44
  Speaker 1: AI it, you know, AMD does, but look neither in
• 1:10:49
  Speaker 1: Nvidia nor AMD actually fabricate chips in the United States.
• 1:10:54
  Speaker 1: The thing about Intel is it's a fabricator. That's why
• 1:10:58
  Speaker 1: the investment went in. But it's not as it doesn't
• 1:11:02
  Speaker 1: make any sense because it's a waste of money. To
• 1:11:06
  Speaker 1: quote Scott Linsigon, capital misallocation causes lower productivity, weaker growth,
• 1:11:13
  Speaker 1: and a smaller, less vibrant economy over the long term,
• 1:11:16
  Speaker 1: a long term even if state backcomp champions don't fail.
• 1:11:22
  Speaker 1: According to new research from the International Military Fund, economists
• 1:11:25
  Speaker 1: Chinese industrial policy because we're really trying to copy China.
• 1:11:29
  Speaker 1: Chinese industrial policy between twenty ten and twenty twenty three
• 1:11:34
  Speaker 1: systematically diverted capital towards state owned champions and politically favored
• 1:11:39
  Speaker 1: private firms rather than the nation's most productive enterprises. This
• 1:11:44
  Speaker 1: myths allocation dragged down aggregate productivity by an estimated one
• 1:11:49
  Speaker 1: point two percent of and gdp BI roughly two percent,
• 1:11:54
  Speaker 1: if not more. Fro an eighteen point two trillion economy
• 1:11:58
  Speaker 1: like China's in twenty twenty three. That translated to three
• 1:12:02
  Speaker 1: hundred and sixty four billion dollars in losses that year alone,
• 1:12:08
  Speaker 1: which compounds to trillions of dollars over the entire period examined.
• 1:12:15
  Speaker 1: Other research finds similar losses stemming from policy driven capital
• 1:12:19
  Speaker 1: misallocation in China and elsewhere, plus related harms such as
• 1:12:24
  Speaker 1: zombie firms reduce dynamism and corruption. He continues, The US
• 1:12:32
  Speaker 1: isn't China, of course, but every Trump administration investment pushes
• 1:12:36
  Speaker 1: it more towards that model and amplifies the inevitable distortions,
• 1:12:43
  Speaker 1: and national security doesn't justify the expense. They're better safer
• 1:12:48
  Speaker 1: ways to help strategic industries and brust American competitiveness than
• 1:12:52
  Speaker 1: for Washington to take an opaque and open ended stake
• 1:12:56
  Speaker 1: in a private firm with taxpayer money. Some of these
• 1:13:01
  Speaker 1: policies could be even lower copate taxes, streamlined environmental permitting,
• 1:13:05
  Speaker 1: freer trade in industrial inputs, free a trade can do that, No,
• 1:13:09
  Speaker 1: that would be bad. Expanded high skill migration immigration, want
• 1:13:14
  Speaker 1: more high skilled people now? Who can do that? They're
• 1:13:16
  Speaker 1: all market based. Others involve government interventions such as long
• 1:13:21
  Speaker 1: term contracts with defense oriented firms and maybe prizes for achievement.
• 1:13:30
  Speaker 1: But they all these kind of interventions allow markets to
• 1:13:33
  Speaker 1: allocate capital to its best uses and reduce the risk
• 1:13:37
  Speaker 1: of politicized zombie companies absorbing resources, stifling innovation, and sapping
• 1:13:42
  Speaker 1: economic growth. The US spent decades correctly lecturing the rest
• 1:13:49
  Speaker 1: of the world on the harms of quote state capitalists.
• 1:13:52
  Speaker 1: There's no such thing, but he uses that term, and
• 1:13:55
  Speaker 1: our economy is thrived by avoiding such moves. Those facts
• 1:14:00
  Speaker 1: don't disappear when rebranded as strategic investment, and Intel's meltdown
• 1:14:06
  Speaker 1: shows where the road might lead billions of dollars in losses,
• 1:14:10
  Speaker 1: continued operational dysfunction, and an economy increasingly warped by political
• 1:14:16
  Speaker 1: rather than market forces. Scott Linsign delivers as usual. Again.
• 1:14:25
  Speaker 1: You could try to spin this positively if you don't
• 1:14:28
  Speaker 1: want to be captured by Trump something something something, But
• 1:14:34
  Speaker 1: you know this is what the Trump deistation is doing.
• 1:14:36
  Speaker 1: It's it's it's statist, it's interventionist. It is moving us
• 1:14:41
  Speaker 1: away from the remnants of capitalism still exists in this country.
• 1:14:48
  Speaker 1: All right, find a story. Final story is about Cuba.
• 1:14:53
  Speaker 1: Cuba has been poor for a long time. It's been
• 1:14:55
  Speaker 1: communists and it's been poor, but it's always had allies
• 1:14:59
  Speaker 1: that have kept it a above water, that allowed it
• 1:15:03
  Speaker 1: to survive. The Soviet Union for a long time, Russia
• 1:15:07
  Speaker 1: for a while, and more recently Venezuela have been providing,
• 1:15:12
  Speaker 1: for example, oil and sometimes money to the Cuban regime
• 1:15:16
  Speaker 1: to make it possible for Cuba to somehow survive.
• 1:15:21
  Speaker 4: Well.
• 1:15:21
  Speaker 1: Trump has ended that maybe a thing you could say
• 1:15:26
  Speaker 1: that is good for about Trump, He's basically stopped the
• 1:15:32
  Speaker 1: transportation of oil from Venezuela, and as a consequence, life
• 1:15:36
  Speaker 1: in Cuba is basically grinding into a halt. They have
• 1:15:41
  Speaker 1: severe oil shortages, They've had a dramatically cut public transportation,
• 1:15:48
  Speaker 1: and they've introduced fuel rationing. They've received no farn oil
• 1:15:53
  Speaker 1: shipments for a month, and the domestic reserves are almost depleted,
• 1:15:58
  Speaker 1: so soon there'll be nothing or because of the equivalent
• 1:16:02
  Speaker 1: of a US blockade. Uh. The story is the city
• 1:16:06
  Speaker 1: streets are largely empty of cars. Electricity is unavailable for
• 1:16:10
  Speaker 1: most of the day. And you know, Cuba has a
• 1:16:17
  Speaker 1: somewhat vital, vibrant i'd say, tourism industry. It's collapsing. Tourist
• 1:16:23
  Speaker 1: don't want to come to a place without electricity. Well,
• 1:16:26
  Speaker 1: except for Puerto Rico, we have generators.
• 1:16:31
  Speaker 2: Uh.
• 1:16:33
  Speaker 1: You know, popular hotels have begun closing and you know
• 1:16:39
  Speaker 1: uh uh planes are basically coming empty to take people out.
• 1:16:44
  Speaker 1: So Cuba is the cubit economy is collapsing. It was
• 1:16:49
  Speaker 1: poor already, now it's good poor, and and you know,
• 1:16:53
  Speaker 1: it's just you can see how the Cuban population and
• 1:17:00
  Speaker 1: just think about what it means to live without electricity
• 1:17:02
  Speaker 1: most of the day. And so it was bad before
• 1:17:09
  Speaker 1: Trump started all this, it's now much worse. The last
• 1:17:14
  Speaker 1: shipment of oil arrived from Mexico on January ninth, of
• 1:17:19
  Speaker 1: oil to Cuba, and it doesn't look like there is
• 1:17:25
  Speaker 1: any anything to save the Cubans, you know, from this
• 1:17:30
  Speaker 1: fate at this point. Now they will probably be forced
• 1:17:36
  Speaker 1: into some kind of negotiations with the United States. Trump
• 1:17:40
  Speaker 1: has threatened import tariffs on countries threatening to deliver oil
• 1:17:43
  Speaker 1: to Cuba, so we get taxed, we the Americans, get
• 1:17:47
  Speaker 1: taxed on Mexican goods of Mexico ships oil to Cuba.
• 1:17:52
  Speaker 1: But so far it's basically shutting down all importation of
• 1:17:58
  Speaker 1: oil into Cuba, and Cuba might be on the verge
• 1:18:01
  Speaker 1: of collapse. The people there were super unhappy with the
• 1:18:06
  Speaker 1: regime already and there were demonstrations. Another question is how
• 1:18:10
  Speaker 1: does it happen? When does it happen, But it wouldn't
• 1:18:13
  Speaker 1: be surprised if in the next few months you see
• 1:18:15
  Speaker 1: some real changes in Cuba, or at least the Cubans
• 1:18:19
  Speaker 1: coming to Trump to do a deal. I don't know
• 1:18:22
  Speaker 1: what that deal will look like. You never know what Trump,
• 1:18:25
  Speaker 1: but Trump's priority has always been doing a deal, So
• 1:18:32
  Speaker 1: that is that is where I think it's going. But
• 1:18:35
  Speaker 1: it's going to be interesting to watch and see what
• 1:18:37
  Speaker 1: happens in Cuba. All right, guys, that is the news
• 1:18:43
  Speaker 1: for this Wednesday, February eleventh. Thank you guys for I
• 1:18:49
  Speaker 1: think what do we Let's see what are we doing here?
• 1:18:53
  Speaker 1: Thanks for joining me. Let's we're gonna move to a
• 1:18:57
  Speaker 1: super chat in a minute. I also want to let
• 1:19:02
  Speaker 1: me also talk about how our sponsors, and then we'll
• 1:19:08
  Speaker 1: go to the super chat. I'll remind all of you
• 1:19:11
  Speaker 1: that this show is made possible from contributions from you,
• 1:19:15
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• 1:19:18
  Speaker 1: We're trying to get about ten every month new supporters
• 1:19:21
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• 1:19:30
  Speaker 1: But the new people I think it. Patreon is just
• 1:19:33
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• 1:19:37
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• 1:19:41
  Speaker 1: communicate with you through Patreon. So Patreon is my preferred platform,
• 1:19:45
  Speaker 1: I think because it's better for you. But I'm not
• 1:19:47
  Speaker 1: encouraging anybody to switch with any of the other platforms.
• 1:19:49
  Speaker 1: I am encouraging new people who do not support the
• 1:19:52
  Speaker 1: show today for some reason and would like to gain
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• 1:20:05
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• 1:20:07
  Speaker 1: stickers and do super chats right here on YouTube. All right,
• 1:20:21
  Speaker 1: let's see. Let me remind you we've got a number
• 1:20:28
  Speaker 1: of sponsors. The iron An Institute is encouraging people and
• 1:20:34
  Speaker 1: you know, encouraging people to come to Poto for our
• 1:20:37
  Speaker 1: iron Ran conference in mid April April eighteenth. It's gonna
• 1:20:42
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• 1:20:45
  Speaker 1: The food is fantastic, the people incredibly nice, and the
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• 1:21:33
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• 1:22:00
  Speaker 1: and how to talk about many of these issues. Amazing
• 1:22:04
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• 1:22:07
  Speaker 1: Highly encourage you to sign up for that. It's uh
• 1:22:12
  Speaker 1: alex Epstein substick dot com. Alex Epstein substick dot com.
• 1:22:16
  Speaker 1: Defenders of Capitalism is a program run by Michael Williams,
• 1:22:22
  Speaker 1: a fender and a colleague, and providing a madel defense
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  Speaker 1: a proper model and Practical Defense of Capitalism. The practical
• 1:22:30
  Speaker 1: is the mall. Madl is the practical and he shows
• 1:22:33
  Speaker 1: it in the mall Defensive Capitalism. Check him out. Check
• 1:22:38
  Speaker 1: him out Defenders of Capitalism dot com. All right, reminder,
• 1:22:46
  Speaker 1: I will be in London doing a seminar on capitalism,
• 1:22:51
  Speaker 1: On capitalism. It's titled as of now. Title might change
• 1:22:57
  Speaker 1: and stuff, but it's title ever now. It's a profit
• 1:23:00
  Speaker 1: white prosperity doesn't need permission, and it's about freedom capitalism.
• 1:23:06
  Speaker 1: It's gonna be a lot of fun. Small group, ten,
• 1:23:09
  Speaker 1: twelve people, something like that. Eight we'll see how many
• 1:23:12
  Speaker 1: people sign up. I don't want it to be big.
• 1:23:15
  Speaker 1: A lot of interaction, a lot of back and forth.
• 1:23:18
  Speaker 1: You'll have four hours with me talking about capitalism, lots
• 1:23:23
  Speaker 1: of questions, lots of opportunity to ask. You know, I
• 1:23:26
  Speaker 1: thought i'd call it something like everything you want to
• 1:23:29
  Speaker 1: know about capitalism and were afraid or didn't have an
• 1:23:31
  Speaker 1: opportunity to ask. That's what this is going to be.
• 1:23:35
  Speaker 1: In addition, there will be a dinner in the evening.
• 1:23:39
  Speaker 1: Your ticket won't buy the dinner, you'll have to pay
• 1:23:41
  Speaker 1: for the dinner yourself. But we'll all hang out at
• 1:23:43
  Speaker 1: dinner and socialize a little bit. People in past seminars
• 1:23:47
  Speaker 1: have kind of complained that people kind of just went
• 1:23:51
  Speaker 1: away and there wasn't like a social hour. So there'll
• 1:23:54
  Speaker 1: be a social hour over dinner. Exact location to be determined,
• 1:23:58
  Speaker 1: but you can find information about this on my website,
• 1:24:03
  Speaker 1: you on brookshow dot com, you on bookshow dot com,
• 1:24:08
  Speaker 1: and yeah, if you're in the UK, I would love
• 1:24:11
  Speaker 1: for you to join. It's going to be a good group.
• 1:24:14
  Speaker 1: We've had fun in the past when I've done seminars.
• 1:24:16
  Speaker 1: There in the chat, I'm putting the link to the
• 1:24:19
  Speaker 1: ever Bright page where you can find information about this.
• 1:24:22
  Speaker 1: So there is the ever Bright page and you can
• 1:24:24
  Speaker 1: find direct link to the information about the seminar in London.
• 1:24:30
  Speaker 1: It's three hundred pounds for four hours. I hope you'll
• 1:24:34
  Speaker 1: consider coming. We've had good groups in the past talking
• 1:24:38
  Speaker 1: about other stuff. I think this will be a lot
• 1:24:41
  Speaker 1: of fun, all right. I think that's what I had
• 1:24:45
  Speaker 1: to say. Let's go to your super chest. Not a
• 1:24:48
  Speaker 1: lot of super chests, so this will be quick. But
• 1:24:51
  Speaker 1: that's a lot of money, but not a lot of
• 1:24:52
  Speaker 1: super chests, primarily because I'm being asked to review a
• 1:24:55
  Speaker 1: lot Chad's butt has me basically watching all of Star
• 1:24:58
  Speaker 1: Trek and okay, so Charsbat says, please review Star Trek
• 1:25:02
  Speaker 1: Deep Space nine, season two, episode ten, Sanctuary. Thank you,
• 1:25:08
  Speaker 1: So I will thank you, Chazbot. I will start doing
• 1:25:11
  Speaker 1: reviews this coming Saturday. I've got a bunch of them
• 1:25:15
  Speaker 1: from the from the End of the Year show, so
• 1:25:20
  Speaker 1: I will start going down in the order in which
• 1:25:22
  Speaker 1: you sent them in and start presenting these to you
• 1:25:27
  Speaker 1: starting on Yeah, starting this Saturday, on this Saturday show.
• 1:25:35
  Speaker 1: All right. John also wants to review Please review The
• 1:25:37
  Speaker 1: Offsprings twenty twenty one hit let the Bad Times Roll.
• 1:25:43
  Speaker 1: It's sung from the perspective of someone very specific, but
• 1:25:46
  Speaker 1: I trust you'll know who, so I don't won't give
• 1:25:49
  Speaker 1: it away. I'm interested in hearing what you think the
• 1:25:53
  Speaker 1: lyrics choosing apathy or suicide means. All right, and Ryan
• 1:26:00
  Speaker 1: also wants me to do an off Springs. I don't
• 1:26:03
  Speaker 1: even know who the Offsprings are. I've never heard of them,
• 1:26:05
  Speaker 1: so this will be interesting. Please review The Offsprings nineteen
• 1:26:08
  Speaker 1: ninety four hit self Esteem. In the context of modern
• 1:26:12
  Speaker 1: day culture, this song was a fun, almost humorous take
• 1:26:17
  Speaker 1: on relationships in the nineteen nineties, but listening and paying
• 1:26:20
  Speaker 1: attention to the lyrics now it seems tragic from a
• 1:26:24
  Speaker 1: male perspective. Rock out, dude. All right, So I've got
• 1:26:28
  Speaker 1: two Offsprings songs. I hope they're good. All right, So
• 1:26:34
  Speaker 1: starting in a Saturday, we'll start doing reviews. All right, Tessa,
• 1:26:39
  Speaker 1: thanks from a Ybist connoisseur. Oh, she's a connoisseur. I
• 1:26:44
  Speaker 1: like that. Well, you got to come to my London seminar.
• 1:26:47
  Speaker 1: Connoisseur join us in London. I don't know if Tessa's
• 1:26:52
  Speaker 1: still in London or where she is exactly. Let's see, Michael.
• 1:26:58
  Speaker 1: Why is Dom Tromsky in so many photos with Jeffrey
• 1:27:01
  Speaker 1: Epstein For a man who spent his career writing about exploitation,
• 1:27:07
  Speaker 1: could he have been into exploiting women? So I don't know,
• 1:27:12
  Speaker 1: and I don't want to attribute anything to Noam Chomsky.
• 1:27:15
  Speaker 1: I hate the guy, but not enough to make stuff
• 1:27:18
  Speaker 1: up about him. Obviously he enjoyed the company of the
• 1:27:22
  Speaker 1: creep Epstein Epstein. Epstein was knew how to talk to
• 1:27:30
  Speaker 1: very smart people, and Chomsky, while evil, is very smart.
• 1:27:35
  Speaker 1: But I don't have an explanation. I don't know if
• 1:27:38
  Speaker 1: Noam Chomsky participated in the six parties. Maybe he did,
• 1:27:41
  Speaker 1: I wouldn't be surprised, but I don't know, and neither
• 1:27:44
  Speaker 1: do any of us. We do know that Epstein had
• 1:27:48
  Speaker 1: relationships with some of the smartest people on the planet
• 1:27:52
  Speaker 1: for many, many years. He managed to entertain them and
• 1:27:55
  Speaker 1: to hang out with them, and somehow to them he
• 1:28:00
  Speaker 1: was a that a real people's person. He was a
• 1:28:05
  Speaker 1: uh an evil, the evil twin of Peter Keating. Peter
• 1:28:10
  Speaker 1: Keating is bad, but he's not evil and uh using
• 1:28:15
  Speaker 1: model but not evil, not that extent of this this guy,
• 1:28:18
  Speaker 1: but he's a secondhander who can feed off of others,
• 1:28:23
  Speaker 1: know their weaknesses, know what they really want, give them
• 1:28:28
  Speaker 1: what they want. And that's Epstein. And I don't know
• 1:28:31
  Speaker 1: what Noam Chopsky wanted and what Epstein was able to
• 1:28:35
  Speaker 1: provide him. Maybe it was sex, but I don't know.
• 1:28:40
  Speaker 1: Not you Haveviry algorithm. How can they regulate big tech
• 1:28:44
  Speaker 1: even if they wanted to. It's too complicated. There are
• 1:28:47
  Speaker 1: too many ways to subvert regulations in virtual space. Yeah,
• 1:28:52
  Speaker 1: but that's the story of finance, right So you could
• 1:28:54
  Speaker 1: say the same thing about finance and what they do
• 1:28:57
  Speaker 1: is they have rules and finances find ways to get
• 1:29:01
  Speaker 1: around the rules. This has been going on for one
• 1:29:03
  Speaker 1: hundred years. And then the regulators establish new rules, and
• 1:29:08
  Speaker 1: the financeers find ways to get around those rules, and
• 1:29:12
  Speaker 1: then they have new rules, and it's a constant thing,
• 1:29:15
  Speaker 1: and the layers of regulations just add and add and
• 1:29:18
  Speaker 1: add and add. Finance over time becomes less and less
• 1:29:21
  Speaker 1: and less productive because most of the brain power in
• 1:29:26
  Speaker 1: finance is dedicated to finding ways around the regulations rather
• 1:29:31
  Speaker 1: than on creating value. And the danger, of course, is
• 1:29:34
  Speaker 1: that's what happens with.
• 1:29:38
  Speaker 2: Tech.
• 1:29:39
  Speaker 1: Not that the say companies won't find ways to get
• 1:29:41
  Speaker 1: around it, but they they devote so much of their
• 1:29:43
  Speaker 1: energy to finding ways around it, and so much of
• 1:29:47
  Speaker 1: their capital and time and brain power that they don't
• 1:29:52
  Speaker 1: invest in what they're good at. So all kinds of
• 1:29:58
  Speaker 1: regulations you could impose is from you know, imagine regulators
• 1:30:06
  Speaker 1: have to approve every app that the app still takes
• 1:30:08
  Speaker 1: that every program has to be reviewed by some regulatory agency.
• 1:30:12
  Speaker 1: Now they can't really do that, but they'll pretend, and
• 1:30:15
  Speaker 1: they'll drag their feet and they'll take time, and they'll
• 1:30:19
  Speaker 1: use it to harass companies and get them to give
• 1:30:22
  Speaker 1: them money. So there are all kinds of ways in
• 1:30:24
  Speaker 1: which the people with a gun can harass the people
• 1:30:28
  Speaker 1: with a brain, harass and destroy the people to brain.
• 1:30:33
  Speaker 1: All right, Ryan says, like the show hit that like button,
• 1:30:38
  Speaker 1: i'lgorithm needs your influence and you run needs more reach. Yes,
• 1:30:42
  Speaker 1: I do. Over the last twenty eight days, we've lost subscribers.
• 1:30:48
  Speaker 1: It's the first time I think that over twenty eight
• 1:30:50
  Speaker 1: day period we've lost subscribers, and I think not many,
• 1:30:53
  Speaker 1: but we've lot. We're in negative territory and I think
• 1:30:55
  Speaker 1: the reason for that is ICE, TDS and ICE. So
• 1:31:00
  Speaker 1: we need new audiences. We need to reach new people
• 1:31:04
  Speaker 1: to increase our numbers. So please like the show, share
• 1:31:07
  Speaker 1: the show, comments, chat, contribute everything you do ats the algorithm.
• 1:31:14
  Speaker 1: They love engagement. Engagement is what it's all about. Stephen,
• 1:31:20
  Speaker 1: what's your view on the implied warranty of habitability. I
• 1:31:26
  Speaker 1: don't know what that means. Landlords must furnish property in
• 1:31:29
  Speaker 1: good condition. Doesn't that interfere with contracts? Yeah? It does.
• 1:31:35
  Speaker 2: I mean.
• 1:31:38
  Speaker 1: It's what the contract says, right, and whether habitability should
• 1:31:43
  Speaker 1: be it should be in the contract. What is the
• 1:31:44
  Speaker 1: condition under which I'm granting this? I think what this
• 1:31:48
  Speaker 1: does and regulators have driven the standard of habitability way up,
• 1:31:55
  Speaker 1: the standards of what's considered good condition way up, which
• 1:31:58
  Speaker 1: has made a more expensive landlords to manage properties, which
• 1:32:02
  Speaker 1: is dramatically increased rents. So one of the reasons rents
• 1:32:05
  Speaker 1: up is because of this demand for good condition under
• 1:32:10
  Speaker 1: all circumstances, good condition defined by some regulator. Jacob says,
• 1:32:20
  Speaker 1: please don't forget to thank the stick of people. Thank you, Jacob.
• 1:32:23
  Speaker 1: How's your reading of adamists shrugg going, by the way,
• 1:32:27
  Speaker 1: and thank you for reminding me. I definitely need to
• 1:32:29
  Speaker 1: thank the stick of people. So let's thank the stick
• 1:32:30
  Speaker 1: of people. Joseph, thank you, Steven, Thank you, Greg, thank you.
• 1:32:37
  Speaker 1: Let's see if we have any more stick of people.
• 1:32:41
  Speaker 1: Love Jacob. This is Jacob. Okay, Jacob is urging me
• 1:32:45
  Speaker 1: to thank Jacob. That's good. CP Milkan, Jonathan Honing, Thank
• 1:32:49
  Speaker 1: you guys. All right, thank you guys. Thank you Jacob
• 1:32:51
  Speaker 1: for reminding me to thank you guys, and thank you.
• 1:32:54
  Speaker 1: And I'm curious, how again, how your reading of Atlas
• 1:32:58
  Speaker 1: is going. Linda says, thanks to the birthday, and for
• 1:33:02
  Speaker 1: the birthday, love and reading Genesis Part one of Adultery.
• 1:33:07
  Speaker 1: Glad you enjoyed it. Part two picks up Present day
• 1:33:11
  Speaker 1: picks up Present Day. I send you an important email today,
• 1:33:16
  Speaker 1: one that could put dollars in your pocket. I saw
• 1:33:18
  Speaker 1: that I need to get back to you on that.
• 1:33:22
  Speaker 1: Thank you. I appreciate it all right, James. Most of
• 1:33:27
  Speaker 1: the people in your condo building at Puerto Rico expats
• 1:33:30
  Speaker 1: from America. Me and my wife are making decent money
• 1:33:33
  Speaker 1: now and getting hit hard by the tax code. We're
• 1:33:36
  Speaker 1: thinking you're making the move. Remember it's only good if
• 1:33:40
  Speaker 1: you're getting money as a business, not if you're getting salary.
• 1:33:44
  Speaker 1: If you're getting salary, you won't get the tax benefit.
• 1:33:47
  Speaker 1: It has to be business income, and the business income
• 1:33:50
  Speaker 1: has to come from outside Puerto Rico. Most of the
• 1:33:54
  Speaker 1: people in my condo yes, And the condo building is
• 1:33:59
  Speaker 1: half empty most of the year because they only come
• 1:34:02
  Speaker 1: for a few months or whatever. There are quite a
• 1:34:05
  Speaker 1: few perto Weecans that live here, and there used to
• 1:34:08
  Speaker 1: be more. The prices in our condo building have gone
• 1:34:13
  Speaker 1: through the roof and they all sold because they made
• 1:34:17
  Speaker 1: so much money on so Puerto Weecans sold and expats
• 1:34:23
  Speaker 1: moved in. Steven says, do you ship peacocks? Love of
• 1:34:28
  Speaker 1: ragtime music. Are there any cases where you wuld not
• 1:34:32
  Speaker 1: like a person because of his taste in arts?
• 1:34:34
  Speaker 4: Yeah?
• 1:34:35
  Speaker 1: I mean I like ragtime. You know, I'm not. It's
• 1:34:37
  Speaker 1: not my my thing. It's not what I listened to.
• 1:34:43
  Speaker 1: But when I hear ragtime, you know, it's it's upbeat,
• 1:34:46
  Speaker 1: it's fun, it's exciting. There's obviously real skill and talent
• 1:34:51
  Speaker 1: behind it. I can appreciate it. It's not my favorite
• 1:34:54
  Speaker 1: type of music, but I can appreciate it. I've shared
• 1:34:58
  Speaker 1: much of you know, Leonard really he got me into jazz.
• 1:35:01
  Speaker 1: I was never listening to jazz, but Lendar was a
• 1:35:03
  Speaker 1: big jazz You really like jazz, and I often went
• 1:35:07
  Speaker 1: with him a few times, went with him a jazz
• 1:35:09
  Speaker 1: concerts and really liked it. He got me really into operetta,
• 1:35:14
  Speaker 1: which I really enjoyed. But we shared a love of
• 1:35:21
  Speaker 1: classical music. We went in many classical music concerts. We
• 1:35:25
  Speaker 1: actually did a tour, Leonard and his family and my family,
• 1:35:30
  Speaker 1: we did a tour of Austria years and years ago,
• 1:35:34
  Speaker 1: in the early twenty two thousands in Austria to operetta festivals,
• 1:35:40
  Speaker 1: operetta festivals, so you know, so, but I wouldn't have
• 1:35:46
  Speaker 1: done that if not for Leonard, So I'm grateful for that.
• 1:35:51
  Speaker 1: So we have similar taste for the most part of music,
• 1:35:55
  Speaker 1: love opera, loved classical music. His taste has moved more
• 1:35:59
  Speaker 1: towards I guess ragtime now, which again I'm not going
• 1:36:09
  Speaker 1: to be into. But it's pleasant, it's nice. And then
• 1:36:16
  Speaker 1: you're asking would I like a person because of his
• 1:36:18
  Speaker 1: taste in arts? I mean it depends, right. I can
• 1:36:22
  Speaker 1: imagine they being situational like that, if they really like
• 1:36:25
  Speaker 1: stuff that I thought was awful or neolistic or really
• 1:36:28
  Speaker 1: really bad, I could dislike a person just because of
• 1:36:33
  Speaker 1: their taste in art. But you know, friendship is a
• 1:36:36
  Speaker 1: funny thing. You can be friends with somebody over certain
• 1:36:39
  Speaker 1: topics and disagree and and and not connect in any
• 1:36:43
  Speaker 1: kind of level and other topics. So I don't think
• 1:36:46
  Speaker 1: my friendship is dependent on that. Jacob says Atlas Audible
• 1:36:52
  Speaker 1: is going well, seven hours left, seven hours.
• 1:36:54
  Speaker 2: Wow.
• 1:36:56
  Speaker 1: Enjoy Jacob, You've still got gold speech, Richard. If Pam
• 1:37:02
  Speaker 1: Bundy wants to distract Congress with the stock market, at
• 1:37:06
  Speaker 1: least she should quote the S and P five hundred,
• 1:37:08
  Speaker 1: not the Dow thirty. Come join us at the twenty
• 1:37:12
  Speaker 1: first century Pam. Yeah, but see the Dow hit fifty thousand.
• 1:37:16
  Speaker 1: Fifty thousand is this big, round, amazing powerful number. I
• 1:37:23
  Speaker 1: don't know what the SMP is, but it's not at
• 1:37:26
  Speaker 1: a round number. So yeah, this is why she did
• 1:37:30
  Speaker 1: the dow. But yes, I agree with you. The Dow
• 1:37:32
  Speaker 1: is not very meaningful, never was very meaningful as an index.
• 1:37:36
  Speaker 1: The S and P five hundred by farce A plants
• 1:37:39
  Speaker 1: it as a meaningful index. And you should be watching
• 1:37:43
  Speaker 1: the rust of two thousand really if you really want
• 1:37:46
  Speaker 1: to see what's going on in the stock market. All right,
• 1:37:49
  Speaker 1: Molten splendor not looking forward to an upcoming family get together,
• 1:37:53
  Speaker 1: but looking forward to having one fun, having fun wearing
• 1:38:00
  Speaker 1: our Iran brook Mook Capitalism versus Socialism t shirts when
• 1:38:06
  Speaker 1: hiking with the la socialist side of the family. Oh,
• 1:38:09
  Speaker 1: that is going to be fun. Yes, all of you
• 1:38:12
  Speaker 1: should be buying youan brook Mook. There's show miok merchandise
• 1:38:18
  Speaker 1: capitalism versus Socialism. Yeah, create a conversation. It's good. You
• 1:38:24
  Speaker 1: know you might never speak to that side of the
• 1:38:25
  Speaker 1: family again, but that might be good not bad. All right, guys,
• 1:38:30
  Speaker 1: thank you both, and Splendid really appreciate that much much
• 1:38:35
  Speaker 1: not mook much merchandise. Buy Iran booksho merchandise. You can
• 1:38:41
  Speaker 1: do that on YouTube. There's a store, there's a store
• 1:38:44
  Speaker 1: front on YouTube. You can buy t shirts and mugs
• 1:38:47
  Speaker 1: and stuff like that for the your on Bookshow. Yeah,
• 1:38:50
  Speaker 1: and you know that also increases revenue. It all helps
• 1:38:55
  Speaker 1: to keep this show going. Thank you guys, particularly you know,
• 1:39:00
  Speaker 1: particularly the reviewers, Shaw'sbot, John and Ryan. Thank you for
• 1:39:07
  Speaker 1: the super chats. Thank you all the stickers. Thank you.
• 1:39:10
  Speaker 1: Everybody's supposed to show on Patreon and on PayPal and
• 1:39:14
  Speaker 1: on subscribe style, and there's evil some money that comes
• 1:39:16
  Speaker 1: in from local locals a little bit, So thank you
• 1:39:20
  Speaker 1: to everybody. Anybody's supposed to show. Really appreciated. I will
• 1:39:23
  Speaker 1: see you all tomorrow at our regular time two pm
• 1:39:27
  Speaker 1: East Coast time I think, yes, two pm Coast time,
• 1:39:30
  Speaker 1: and for another episode of You on Book Show. Bye, everybody,
• 1:39:34
  Speaker 1: have a great night.