Latest / Yaron Brook Show / Trump Op-ed; Epstein Files; Corruption; Iran; Repub Defeat; Good News | Yaron Brook ShowNew Recording (draft)

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Trump Op-ed; Epstein Files; Corruption; Iran; Repub Defeat; Good News | Yaron Brook ShowNew Recording (draft) · Yaron Brook Show

0:04
Speaker 1: Fundamental principles of freedom, rational self interest, and individual rights.
0:14
Speaker 1: This is the Yuran Brook Show. Oh right, everybody, welcome
0:30
Speaker 1: to you one book show on this. What is it? It's Sunday,
0:36
Speaker 1: if every first, let me just see what's going on here? Right?
0:43
Speaker 1: What is going on? Okay, we muted that. We got
0:47
Speaker 1: rid of the bubble. There, we started this. You guys
0:51
Speaker 1: are all there. That's good. Oh, as you can tell.
0:56
Speaker 1: I'm in a hotel, I mean, Florida. I'm attending the
1:01
Speaker 1: I'm in confidence here in Fort Mayer's, Florida. You guys
1:05
Speaker 1: should be. It should have been here. I mean it's
1:08
Speaker 1: a fun confidence It's nice, intimate, small, good group of people,
1:14
Speaker 1: great speakers, and yeah, you should have come. You should
1:17
Speaker 1: have come next year. You got to come next year.
1:20
Speaker 1: I gave a talk yesterday on trade and also did
1:25
Speaker 1: a participate in the panel with Harry Bensueraria and Peter
1:28
Speaker 1: Schwartz on kind of how would how would things work
1:33
Speaker 1: in a less of fair capitalist society? So that that
1:35
Speaker 1: was a lot of That was a lot of fun.
1:37
Speaker 1: That was a lot of fun. Yes, I'm back from
1:39
Speaker 1: the dead, somebody says, not from the dead. I've been alive,
1:43
Speaker 1: but busy traveling as you can tell, hotel room, Internet,
1:49
Speaker 1: who knows it seems to be stable, It seems to
1:52
Speaker 1: pretty good. But you know, you know as well as
1:55
Speaker 1: they do that that can change in in just like that.
2:00
Speaker 1: So we'll deal with whatever the Internet, the Wi Fi
2:04
Speaker 1: gods throw at us. We will handle, and we will
2:10
Speaker 1: we will start all right. Let's say before we get
2:15
Speaker 1: to the up ed by Donald Trump, wh shall be
2:18
Speaker 1: the office topic, and I'll put it out on much
2:19
Speaker 1: screen so we can read it together. I wanted to
2:25
Speaker 1: just a note for whatever it's worth, just a moment.
2:31
Speaker 1: I'm not gonna talk a lot about this about gold
2:33
Speaker 1: and silver. Gold and silver plummeted on Friday. I mean
2:38
Speaker 1: I went down a lot. Silver has gone from one
2:44
Speaker 1: twenty to what just happened here, one twenty to basically
2:49
Speaker 1: seventy eight. So that's a big drop. One hundred and
2:53
Speaker 1: nineteen to seventy eight, A big drop in basically one day,
2:56
Speaker 1: one and a half days. That's a huge drop. I
2:59
Speaker 1: don't know it's going to go from here. I don't know. Gold,
3:03
Speaker 1: which if I remember right, I said you guys should sell,
3:09
Speaker 1: basically went down twelve percent in one day and is
3:15
Speaker 1: now you know, significantly out of five thousand, it's at
3:19
Speaker 1: four thousand and seven hundred and forty five. I think
3:21
Speaker 1: I said you should sell at five thousand, you'd have
3:23
Speaker 1: missed the peak. I'm usually early by a day or
3:28
Speaker 1: two because it peaked at fifty six hundred and now
3:32
Speaker 1: it's at forty seven to forty five, So at least
3:36
Speaker 1: at the very top of it, speculative bubble. Now I
3:41
Speaker 1: kneeled it. But you see, if Christians online, I don't
3:44
Speaker 1: know if Christians listening. If Christians don't listening, what we
3:46
Speaker 1: should do is we should put together a video of
3:52
Speaker 1: all my predictions. We could go back to two thousand
3:56
Speaker 1: and two, my first public speaking engagements made predictions, and
4:02
Speaker 1: we should just we should just put together a video
4:07
Speaker 1: of Uran being right. Uran being right. Anyway, it seems
4:17
Speaker 1: like the speculat bubbles being pricked, but you never know where.
4:20
Speaker 1: Speculat bubbles have various characteristics. You could see another spike up,
4:26
Speaker 1: you could see continuing decline, you can see flatness. Bitcoin,
4:30
Speaker 1: by the way, is under eighty thousand, so bitcoin is
4:33
Speaker 1: being part of this significant decline. But I'm not going
4:39
Speaker 1: to predict where prices are going to be. But selling
4:41
Speaker 1: it five thousand turned out to be, at least in
4:45
Speaker 1: a short run, at least for today, a pretty good call.
4:49
Speaker 1: I'll just pap myself on the back and take credit
4:51
Speaker 1: for that one. But just add it up to all
4:54
Speaker 1: the different predictions. I mean, we could do a Uran
4:56
Speaker 1: book Uran was White compilation, and then you could also
4:59
Speaker 1: do an was Wrong compilation. I think the Iran was
5:03
Speaker 1: Right compilation will be a lot, a lot longer than
5:09
Speaker 1: the Yran was Wrong compilation. So I don't know, Christian,
5:12
Speaker 1: if you want to take that up, that could be
5:14
Speaker 1: a project that could be pretty cool, pretty cool with
5:18
Speaker 1: dates and everything, you know, signed off and everything right.
5:24
Speaker 1: So I was giving a talk yesterday at the Conference
5:28
Speaker 1: on Trade on Trade, Free Trade, the history of trade,
5:31
Speaker 1: the history of trade in America, like tariffs, History of
5:33
Speaker 1: tariffs in America. My point was that tariffs were the
5:37
Speaker 1: most contentious political issue in America during the nineteenth century,
5:42
Speaker 1: second only to slavery. It led to the constitutional crises. It
5:50
Speaker 1: was a major issue that people debated and disagreed about,
5:55
Speaker 1: even though many of the people who disagreed about it
5:59
Speaker 1: had to u and many of them did. Read Adam
6:02
Speaker 1: Smiths's Wealth of Nation Anyway, that day before my talk,
6:07
Speaker 1: Donald Trump wrote a not bad about trade. It was
6:10
Speaker 1: like he heard I was giving this talk in Florida,
6:14
Speaker 1: and he assumed, given everything I've said over the years,
6:18
Speaker 1: that I would attack his trade policies, and he wrote
6:22
Speaker 1: a not bad to try to defend himself. So I'm
6:25
Speaker 1: taking that as a big boost. Donald Trump cares enough
6:30
Speaker 1: about what I have to say about trade that he
6:32
Speaker 1: that he feels obligated to write an op ed in
6:35
Speaker 1: the Wall Street Journal to preempt to preempt what I'm
6:40
Speaker 1: going to say. Hopefully that is the truth. Probably not,
6:49
Speaker 1: But anyway, Cook has a ran was wrong but happy
6:58
Speaker 1: to be wrong? Compilation. That would be good. I like
7:01
Speaker 1: that one. We can have a lot of compilations. Yeah,
7:04
Speaker 1: let's get creative. I wonder if that will increase my
7:06
Speaker 1: subscribers or decrease my subscribers, depending if the predictions have
7:10
Speaker 1: to do with ice or not determine the level of
7:13
Speaker 1: subscription to my show. All right, what do we need
7:17
Speaker 1: to do here? We need to get the Donald Trump
7:20
Speaker 1: up ad up on screen. We can do that that way.
7:23
Speaker 1: There you go. You see the upp ad ris there
7:27
Speaker 1: and I have the oup ad here and we will
7:30
Speaker 1: scroll up and so this is the upad. It was
7:36
Speaker 1: published on January thirtieth. It was published on satur on
7:41
Speaker 1: today's Sunday, on Friday in the afternoon. It's a Friday afternoon.
7:46
Speaker 1: I give the talk on Saturday, Donald J. Trump, my
7:50
Speaker 1: tariffs have brought America back. To those of you who
7:52
Speaker 1: are listening and can't see the title, the experts predicted
7:56
Speaker 1: market crashes, massive inflation, and recession were wrong. That that
8:01
Speaker 1: that is his And so I'm gonna read it and
8:05
Speaker 1: comments as I read because and the reason I'm going
8:08
Speaker 1: to read it to you is because it's pretty much
8:13
Speaker 1: stuff to comment on, and everything that he writes here
8:17
Speaker 1: it's uh, you know, it's it's it's it's a fairly
8:20
Speaker 1: long urpad. But hopefully we can get through this fairly quickly.
8:25
Speaker 1: And anyway, feel free in the meantime to ask questions. Uh,
8:30
Speaker 1: ask questions in the in the super chat questions and
8:36
Speaker 1: uh yeah, support the show. Do stickers ask questions. Disagree
8:41
Speaker 1: with me, you want to disagree with me in the chat,
8:44
Speaker 1: doing the super chat much better way to disagree that way.
8:46
Speaker 1: I'll read what you have to say. All right, here
8:51
Speaker 1: we go. When I'm posed historical tabs are nearly all
8:55
Speaker 1: foreign countries last April. The critics said my policies would
8:58
Speaker 1: cause a global economic melt Instead, they've created an American
9:02
Speaker 1: economic miracle, miracle, and we are quickly building the greatest
9:07
Speaker 1: economy in the history of the world, with other countries
9:09
Speaker 1: doing just fine. So one, if you remember when he
9:17
Speaker 1: imposed the tariffs are nearly all foreign countries last April,
9:22
Speaker 1: and the stock market collapsed and the stock mark was
9:24
Speaker 1: down like twenty percent. He backed off on most of
9:27
Speaker 1: those tariffs and restructured them and made exclusions and lowered
9:32
Speaker 1: the rates and basically backed the way from the most
9:36
Speaker 1: disastrous ones, and as a consequence, the market came back up.
9:40
Speaker 1: So his original imposition of historical tariffs resulted in at
9:47
Speaker 1: least a market stock market meltdown, not an economic meltdown. Actually,
9:51
Speaker 1: nobody actually predicted an economic meltdown. Everybody said it was bad.
9:56
Speaker 1: Everybody said it would hurt the United States, it would
9:59
Speaker 1: hurt Americans, it wou American companies, it was a bad
10:02
Speaker 1: long term decision. The stock market reflected that, the bond
10:05
Speaker 1: market reflected that, but nobody actually said it would lead
10:08
Speaker 1: to a global economic meldone. I mean those who are
10:11
Speaker 1: economic historians and proper historians don't even consider smooth Holly
10:18
Speaker 1: as an economic meltdown. It didn't cause the Great Depression.
10:21
Speaker 1: It didn't help. It made it worse, but it wasn't
10:24
Speaker 1: a major cause of the Great Depression. The US economy
10:28
Speaker 1: in the US generally is a massive country with massive
10:31
Speaker 1: quantities being produced in the country. The amount of inputs
10:34
Speaker 1: we've bring into the country is not that big. It's
10:37
Speaker 1: big in some areas, like dollars and toys. You can't
10:41
Speaker 1: have that many dollars. Donald Trump told us the economy
10:45
Speaker 1: is doing so well. We're doing so well, the greatest
10:48
Speaker 1: economy in the history of the world. But you can't
10:50
Speaker 1: have too many dolls, you know, one, two max. You
10:53
Speaker 1: can't have more than that. That would be really bad.
10:57
Speaker 1: Nobody actually predicted economic meltdown or hype inflation, all the
11:00
Speaker 1: things that he accuses them of predicting. Everybody predicted it
11:03
Speaker 1: would hurt the US economy, and those predictions have all
11:05
Speaker 1: come true. The economy is not the greatest economy in
11:08
Speaker 1: the world, in the history of the world, and it's
11:13
Speaker 1: just not. He goes on countless so called experts, experts,
11:18
Speaker 1: including those featured frequently in the Wall Street Journal predicted
11:22
Speaker 1: confidently that the Trump cas would crash stock markets, crush
11:26
Speaker 1: economic growth, cause massive inflation, destroy American exports, and trigger
11:30
Speaker 1: a worldwide recession. Nine months later, the results in every
11:34
Speaker 1: one of those predictions was proven completely and totally wrong.
11:38
Speaker 1: Since I was elected in twenty twenty four, we have
11:41
Speaker 1: had fifty two market highs, stock market highs with virtually
11:44
Speaker 1: no inflation. There has never been anything like it. Were Okay,
11:50
Speaker 1: So first again, nobody predicted. I mean, the world stock
11:54
Speaker 1: markets did crash. The only reason they uncrashed. The only
11:58
Speaker 1: reason they recovered is because he undid the tariffs. He
12:02
Speaker 1: undid the worst of the tariffs, and he gave exclusions.
12:05
Speaker 1: Note he gave exclusions to all the most important industries, right,
12:09
Speaker 1: like chips, like electronics, like iPhones, like like the real
12:13
Speaker 1: drivers of economic growth in the United States. We're all
12:16
Speaker 1: given loopholes. We'll all given exclusion in exchange for a
12:19
Speaker 1: nice big check. But they were all given exclusions. So
12:24
Speaker 1: this idea that his tariffs didn't cause the Melton yeah,
12:28
Speaker 1: because he backed away from how the real awful, horrible
12:33
Speaker 1: tariffs that he initially put But indeed, nobody I inded
12:40
Speaker 1: didn't say it would cause mass inflation because tariffs are
12:42
Speaker 1: not inflationary. They raised prices, but they're not inflationary. They
12:46
Speaker 1: raise some prices. Other prices either have to go down
12:50
Speaker 1: or people don't buy the stuff. Because you only have
12:52
Speaker 1: a limited amount of money. Some prices have gone up
12:55
Speaker 1: because taxes are being imposed on them, and as a consequence,
12:58
Speaker 1: you have less money to spend an other things. You know,
13:02
Speaker 1: that's just what happens. So those prices, the prices of
13:06
Speaker 1: the goods that got tariffed, all went up. The evidence
13:10
Speaker 1: is overwhelming of significant price increases in those goods. Indeed,
13:14
Speaker 1: the reason that Trump has done away with tariffs on
13:17
Speaker 1: things like bananas, remember bananas, is because once the tariff
13:24
Speaker 1: went into the place in banana has banana price is
13:26
Speaker 1: shot through the roof. People started complaining. So he eliminated
13:29
Speaker 1: the tariff and bananas. Why to get the price down?
13:32
Speaker 1: It's not the Trump and the people around him don't
13:35
Speaker 1: understand these economic principles. They do, They just pretend they
13:40
Speaker 1: don't exist. They're just not interested. They just don't care
13:43
Speaker 1: about the fact that you have to pay higher prices.
13:47
Speaker 1: So absolutely, this is a you know, it's a complete
13:52
Speaker 1: and utter lie what he's talking about, And he says,
13:54
Speaker 1: fifty two stock market hies. I haven't tested that. Maybe
13:58
Speaker 1: it's true, maybe it's not. You can't trust any i'm
14:00
Speaker 1: buses in this opad with virtually no inflation, Now, what
14:04
Speaker 1: does that mean? I take virtually no inflation to be
14:07
Speaker 1: close to zero. But what's inflation being now here? We're
14:10
Speaker 1: talking about price inflation CPIPE, you know PPC, whatever the
14:16
Speaker 1: measure PPI, whatever the measure that you like for inflation.
14:20
Speaker 1: None of them, not a single measure of inflation is
14:23
Speaker 1: close to no. Inflation is close to zero. Every single
14:26
Speaker 1: one of them is above the Fed's preferred rate of inflation,
14:29
Speaker 1: which is two percent. All of them are close to
14:31
Speaker 1: three percent. Indeed, not a single one of them has
14:34
Speaker 1: really gone down since Biden. They basically inflation, as measured
14:38
Speaker 1: by CPI or one of these measures, it basically stayed
14:43
Speaker 1: the same since Tom took office. Sophiem to say with
14:46
Speaker 1: virtually no inflation is just a blatant lie. And it's
14:51
Speaker 1: one of those lies. And you will see this again
14:53
Speaker 1: and again during this thing. It's one of these lives.
14:55
Speaker 1: They can easily be checked, easily be checked. He doesn't get.
15:03
Speaker 1: He goes on to say, I inherited an economy ravaged
15:05
Speaker 1: by radical policies of sleepy Joe Biden and his allies
15:08
Speaker 1: in Congress. They're trillions of dollars in wasteful spending, and
15:12
Speaker 1: their extremest green energy agenda created the worst inflation in
15:16
Speaker 1: more than forty years. That was true in the middle
15:19
Speaker 1: of the Biden agenda, costing the typical American family thirty
15:22
Speaker 1: three thousand dollars in real wealth. I have no idea
15:25
Speaker 1: where he gets that number. How he gets that number.
15:29
Speaker 1: You know, maybe we can ask chatchipt afterwards where you
15:31
Speaker 1: got that number. The Biden years were defined by the
15:34
Speaker 1: misery known as stagflation, high inflation and low growth. Growth
15:40
Speaker 1: is not that low. Inflation was high. Inflation was high,
15:45
Speaker 1: although it had come down by the time the election happened,
15:49
Speaker 1: and inflation hasn't changed since then. It's basically said the same.
15:53
Speaker 1: So Trump has not reduced inflation. He continues only twelve
15:56
Speaker 1: months into the second term in office, we now have
16:00
Speaker 1: the exact opposite, extremely low inflation again a lie, extraordinarily
16:04
Speaker 1: high economic growth. Maybe maybe I don't. I don't. I
16:11
Speaker 1: don't think that's the case. We've gotten one very high
16:14
Speaker 1: GDP number. We'll see if that gets adjusted downwards in
16:20
Speaker 1: the months to come. And also it's an interesting kind
16:23
Speaker 1: of economic growth because it's economic growth without job.
16:25
Speaker 2: Creation, you know, with with there's there's almost no you know,
16:34
Speaker 2: increasing jobs associated with this.
16:37
Speaker 1: With this particular, what is going on here with this
16:42
Speaker 1: particular is that this is this Okay, I see and
16:48
Speaker 1: with it all right, so keep going. In the third
16:59
Speaker 1: quarter of twenty twenty five, goes domestic product has boomed
17:01
Speaker 1: at four point four percent true, and despite the Democratic
17:05
Speaker 1: induced shutdown last fall, which cost us at least one
17:08
Speaker 1: point eh I doubt it. The fourth quarter is projected
17:11
Speaker 1: by the Life Land Affair to be well over five
17:13
Speaker 1: percent true, but other predictions put it more around three
17:17
Speaker 1: two to three percent, a number like our country has
17:21
Speaker 1: not seen in many years. Meanwhile, and here here comes
17:27
Speaker 1: the punchy things mean and why anal coinflation and your
17:31
Speaker 1: core inflation again he's talking about CPI coinflation for the
17:35
Speaker 1: past three months has dropped to just one point four
17:38
Speaker 1: percent as chechipt If that's true, I did. I also
17:44
Speaker 1: checked independently, but basically no, there's no relation to reality
17:49
Speaker 1: that the one point four percent comes from somebody's imagination.
17:53
Speaker 1: It's imaginary number that somebody plucked into this up ad.
17:56
Speaker 1: I don't know if Trump did on one of his advisors.
17:59
Speaker 1: A core CPI is more like two point six two
18:01
Speaker 1: point seven percent. There's actually no basis for this, he says,
18:04
Speaker 1: far lower than almost anyone other than me Donald Trump
18:08
Speaker 1: had predicted. But that's just not true. It's a two
18:11
Speaker 1: point sixty point seven. He says. Economic growth does not
18:15
Speaker 1: cause inflation. That is true. In fact, often it does
18:18
Speaker 1: the exact opposite. That is also true. Real incomes for
18:22
Speaker 1: the typical worker rose one thousand and two thousand zero
18:24
Speaker 1: even more last year, increasing much faster than consumer prices.
18:29
Speaker 1: Questionable wages far upaced inflation. Questionable that, by the way,
18:34
Speaker 1: was also true under part of Biden's administration. At least,
18:39
Speaker 1: he says, since Liberation Day, the stock market is skyrocketed
18:43
Speaker 1: after they withdrew much of the tariffs that he put
18:45
Speaker 1: on countries during Liberation Day. With the strong possibility we
18:49
Speaker 1: assuming break fifty thousand doll industrial Joe's industrial average, something
18:53
Speaker 1: which everyone thought was impossible at least in one year,
18:57
Speaker 1: hasn't happened yet, and indeeds, to day stockmark I f
19:01
Speaker 1: I Day is STOKINGMAK going down quite a bit. Joe
19:04
Speaker 1: Biden handed me a catastrophically high budget deficit. This is
19:08
Speaker 1: where it gets really interesting, right, Joe Biden handed me
19:11
Speaker 1: a catastrophically high budget deficit and the highest trade deficit
19:14
Speaker 1: in world history. But with the help of tariffs, we
19:18
Speaker 1: have cut that federal budget deficit. Listen to this. We
19:22
Speaker 1: have cut that federal budget deficit by staggering twenty seven
19:26
Speaker 1: percent in a single year. So whatever the budget deficit was,
19:32
Speaker 1: let's say two trillion dollars, now it's twenty seven percent lower.
19:37
Speaker 1: I mean, that would be cool, but it's not true.
19:43
Speaker 1: I mean the budget deficit is, you know, maybe maybe
19:50
Speaker 1: a couple of percent two three, four percent lower than
19:54
Speaker 1: it wasn't a Biden at most, it's it's just twenty
20:00
Speaker 1: seven percent is just again a fictional number. He just
20:03
Speaker 1: makes it up. That's a quarter cut budget deficit by quarter.
20:08
Speaker 1: Tariff revenue is maybe two hundred billion. Of that, maybe
20:13
Speaker 1: one hundred and fifty one hundred and eighty billion is
20:15
Speaker 1: excess tariffs from the increased tariffs. That is not enough
20:20
Speaker 1: to cut it by twenty seven We're talking about a
20:22
Speaker 1: budget deficit of just under two trillion dollars. Even under Trump.
20:27
Speaker 1: It's again he makes it up, and this one is
20:29
Speaker 1: even bigger. We have slashed our monthly trade deficit by
20:34
Speaker 1: an astonishing seventy seven percent. Seventy seven percent. Now, there
20:40
Speaker 1: was one month I think it was October, where the
20:43
Speaker 1: trade deficit was down relative to the previous month. I
20:48
Speaker 1: think by fifty six percent. It's not seventy seven. Fifty
20:51
Speaker 1: six is a lot, but that was a fluke the
20:54
Speaker 1: next month and skyrocketed up again. Indeed, for the entire
20:58
Speaker 1: year of twenty twenty five, if the trade deficit is
21:04
Speaker 1: going to likely be higher than it was in twenty
21:08
Speaker 1: twenty four. So if Joe Biden Gay handed him the
21:13
Speaker 1: highest trade deficit in world history, well then Trump has
21:18
Speaker 1: just broken that record in twenty twenty five. Thinking completely
21:22
Speaker 1: fabricated seventy seven percent, I mean completely made up numbers,
21:30
Speaker 1: or if they're not made up, they don't refer to
21:33
Speaker 1: this particular they don't I mean a monthly trade deficit.
21:37
Speaker 1: I don't know which month he's talking about. Maybe they're
21:39
Speaker 1: two months in which it changed with seventy seven percent,
21:41
Speaker 1: But it just is not reflective at all of what
21:44
Speaker 1: he's actually talking about all with virtually no inflation. He
21:48
Speaker 1: says no inflation, zero zero inflation, which everyone said could
21:52
Speaker 1: not be done. American exports up one hundred and fifty billion.
21:55
Speaker 1: Domestic steel production is up more than three hundred tons
21:58
Speaker 1: a month. Three hundred tons of month is not a lot,
22:00
Speaker 1: given how many millions of tons a month the US produces.
22:07
Speaker 1: Factory construction is up by forty two percent since twenty
22:10
Speaker 1: twenty two. Notice how he chooses his date right. Factory
22:13
Speaker 1: construction is up by forty two percent since twenty twenty two.
22:19
Speaker 1: So factory production went up a huge amount from twenty
22:22
Speaker 1: twenty two to twenty twenty four under Biden. Why because
22:26
Speaker 1: of the Chips Act and because of the Inflation Reduction Act,
22:30
Speaker 1: where the government poured a huge amount of money to
22:32
Speaker 1: subsidize the product the construction of factories. From twenty twenty
22:39
Speaker 1: four to the end of twenty twenty five, factory production
22:42
Speaker 1: has gone down significantly, but it went up so much
22:48
Speaker 1: between twenty twenty two and twenty twenty four that even
22:50
Speaker 1: though it's down for twenty twenty four, it's still forty
22:52
Speaker 1: two percent higher than twenty twenty two. So what actually happened.
22:57
Speaker 1: And again, this is government subsidies. I'm not four government
22:59
Speaker 1: so cities, but this is the reality. Answers of the
23:01
Speaker 1: numbers that Donald Trump inherited a factory construction boom, which
23:09
Speaker 1: he has busted. Factory construction is way down. Indeed, he
23:15
Speaker 1: doesn't say this. Manufacturing employment lost over seventy thousand jobs
23:20
Speaker 1: during twenty twenty five. Manufacturing is down, Manufacturing production is down.
23:25
Speaker 1: Even though he want to reindustrialize America, he's deindustrializing in
23:29
Speaker 1: unindustrializing America. So you see how you manipulate numbers and
23:38
Speaker 1: you use dates and you maybe it's technically don the lie,
23:42
Speaker 1: but it's a lie in the sense of what you're
23:44
Speaker 1: trying to imply. And again this is filled with this.
23:48
Speaker 1: It's all one big monstrous lie, deception, falsehood. He says,
23:56
Speaker 1: what does he say that the dumb China share US
23:59
Speaker 1: the imports has reached the lowest level since China entered
24:02
Speaker 1: the World Trader Organization twenty twenty one. That's true because
24:06
Speaker 1: of the very high tariffs, and there was a period
24:08
Speaker 1: where it was over one hundred percent if you remember,
24:10
Speaker 1: that were negotiated down. But part of that is the
24:12
Speaker 1: fact that we can't buy rare earth materials from them.
24:16
Speaker 1: So that is hurting America. It's hurting American production. It's
24:19
Speaker 1: hurting American industry that we can't import the stuff. We
24:22
Speaker 1: can't import the materials that we use to produce. You
24:25
Speaker 1: could argue that the decline in manufacturing in America has
24:28
Speaker 1: to deal with the lack of inputs of some products
24:30
Speaker 1: from China. He says, one hundreds of billions of dollars
24:35
Speaker 1: more of pouring into the United States. No evidence of that.
24:39
Speaker 1: I sincerely hope the same court is watching these numbers
24:42
Speaker 1: because our country has never seen anything like them. Again,
24:44
Speaker 1: trying to influence the court's decision about teriffs, he continues,
24:48
Speaker 1: just over one year ago, we were a dead, dead
24:52
Speaker 1: or caps country. Now we are the hottest all caps
24:56
Speaker 1: country anywhere in the world. The entire Trump economic agenda
25:00
Speaker 1: deserves credit for this explosion of growth and good news,
25:03
Speaker 1: including our record tax cuts, unprecedented regulatory cuts, pro American
25:07
Speaker 1: energy policies, and much more. And that's true. To the
25:09
Speaker 1: extent that the economy is growing, the economy is doing
25:12
Speaker 1: pretty well. It's because of the regulatory cuts, the pro
25:15
Speaker 1: American energy policies, and to some extent, tax cuts or
25:19
Speaker 1: the extension of the tax cuts. Those are the reasons
25:22
Speaker 1: the economy is doing well. Tariffs impede all that they
25:25
Speaker 1: hold all that back. We could be doing so much better,
25:30
Speaker 1: he says, well, without question, the credit for this economic
25:32
Speaker 1: success must go to what the journal itself described as
25:35
Speaker 1: the largest economic policy shock in more than fifty years,
25:39
Speaker 1: my tariffs. He won't let go of this stuff. This
25:42
Speaker 1: is the one economic policy that he has that is really,
25:46
Speaker 1: really damaging. We have proven decisively that properly apply tariffs
25:51
Speaker 1: do not hurt growth. They promote growth and greatness, just
25:55
Speaker 1: as I said. All along. The Journal has charged repeatedly
25:59
Speaker 1: the tas nothing but a tax on American consumers, which
26:02
Speaker 1: has proved to be totally false. Really, experience since Liberation
26:07
Speaker 1: Day has proved that this analysis is not only far
26:10
Speaker 1: too simplistic, it is absolutely wrong. The data shows that
26:13
Speaker 1: the burden or incidence of tarots has fallen overwhelmingly on
26:17
Speaker 1: foreign producers and middleman and middleman notice he includes American middlemen,
26:23
Speaker 1: including large corporations and are not that are not from
26:26
Speaker 1: the US. According to a recent study by the Harvard
26:29
Speaker 1: Business School, these groups are paying at least eighty percent
26:33
Speaker 1: of the tarots. Now here's the thing he gives in
26:36
Speaker 1: the upad. He gives a link to the study. So
26:41
Speaker 1: I really recommend if you read the our pad and
26:43
Speaker 1: you're interested, you should click on the link to the
26:45
Speaker 1: study that she's citing to justify his argument. And here's
26:50
Speaker 1: what the study said. Now, this is just an abstract,
26:52
Speaker 1: but I actually read the study or skimmed the study
26:55
Speaker 1: at least, And that's what the study says. It says
26:59
Speaker 1: prices began rising immediately after the broader tariff measures were
27:04
Speaker 1: announced in early March, and continued to increase gradually over
27:08
Speaker 1: subsequent months, with imported goods rising roughly twice as much
27:13
Speaker 1: as domestic ones. This is the one he's citing to
27:16
Speaker 1: say prices were defected. Retail tariff passed through reached twenty
27:22
Speaker 1: four percent, contributing about point seven six percentage points to
27:26
Speaker 1: the all item consumer pricing the CPI by October twenty
27:30
Speaker 1: twenty five, So at least twenty four percent of the
27:34
Speaker 1: tariffs were passed on to consumers by October in a
27:39
Speaker 1: gradual process. And this is what they continue. Tariff costs
27:43
Speaker 1: were gradually but steadily transmitted to US consumers. And here's
27:49
Speaker 1: here's what with additional spillovers to domestic goods. So not
27:53
Speaker 1: only did the imported goods go up in price, but
27:59
Speaker 1: there was spillover, that is, domestic goods went up in
28:01
Speaker 1: price as well because they faced less competition from the
28:04
Speaker 1: foreign goods. So not only did the tariff's good not
28:09
Speaker 1: only did you pay a tax on the tariff goods,
28:12
Speaker 1: you also paid in higher goods for the domestic goods. Now,
28:17
Speaker 1: where did the rest of the money go. If only
28:19
Speaker 1: twenty four percent was passed on to prices by October,
28:22
Speaker 1: we said, had November, December, January, So my guess is
28:25
Speaker 1: right now, it's much more than twenty four percent, because
28:27
Speaker 1: it's being incremental. It's been slowly gradually being brought imposed
28:33
Speaker 1: on consumers over time, depending on products. Some products faster,
28:37
Speaker 1: some products slower. Who bought the rest of the cost. Well, here,
28:42
Speaker 1: all you have to do is go to another study
28:44
Speaker 1: which basically shows and I talked about this study. I
28:47
Speaker 1: talked about the study a few shows ago, where it
28:52
Speaker 1: basically shows that ninety six percent, ninety six ninety six
28:55
Speaker 1: percent of all the costs of the tariffs are being
28:59
Speaker 1: born born by Americans, American companies. American companies and American consumers.
29:07
Speaker 1: So if twenty four percent, let's say by now it's
29:10
Speaker 1: thirty four percent, thirty five percent, then another sixty percent
29:15
Speaker 1: is being born by American companies, and those American companies
29:18
Speaker 1: will slowly push those prices down to consumers, so that
29:23
Speaker 1: by the end of this year, my expectation is that
29:29
Speaker 1: or eighty eighty five, ninety percent of the cost of
29:32
Speaker 1: at tasks were born by consumers, a little bit by
29:35
Speaker 1: will be borne by the importers, by large corporations, and
29:38
Speaker 1: maybe a sliver will be born by foreigners. Of course,
29:43
Speaker 1: it's uso true that if the entire cost of tariffs
29:47
Speaker 1: is born by foreigners, if taxes are not going up
29:50
Speaker 1: in the United States, then how can revenue from tariffs
29:55
Speaker 1: go up? I mean, foreign companies don't literally write a
30:00
Speaker 1: check to the American government for the tariff. What fall
30:03
Speaker 1: companies might do is they might reduce the price and
30:07
Speaker 1: suck and observe the tariff themselves. But then you wouldn't
30:12
Speaker 1: have a significant increase in tariff revenue because prices wouldn't
30:16
Speaker 1: go up that much. The going up is the tax.
30:19
Speaker 1: You'd have a lower tax base. He writes, in many
30:26
Speaker 1: cases nations that are heavily dependent on the exports, have
30:29
Speaker 1: no choice but to eat the terroiffs to avoid even
30:32
Speaker 1: worse losses from the excess capacity. No evidence of that, none, zero.
30:38
Speaker 1: This study that he cites that he links to doesn't
30:40
Speaker 1: show that. The other study that I told you about
30:43
Speaker 1: does not show that. No study has shown that. That's
30:46
Speaker 1: his speculation again making stuff up. So, while the average
30:50
Speaker 1: US tariff great on foreign products has increased by more
30:54
Speaker 1: than five times, inflation has fallen dramatically. Inflation hasn't fallen.
30:59
Speaker 1: Inflation have stayed the same. It should have fallen, that
31:02
Speaker 1: CPI should have fallen. It didn't fall because it's capturing
31:07
Speaker 1: these increases because, as the study that he links to shows,
31:11
Speaker 1: not only did the goods that were tariffs increase in price,
31:16
Speaker 1: but the domestic competitive goods also increased in price. So
31:19
Speaker 1: price has increased across the board. Let's see if anything
31:26
Speaker 1: else I want to Yeah, I mean, he's very proud
31:34
Speaker 1: of his most favored nation agreement to lower drug prices.
31:37
Speaker 1: This is price controls and drug companies, which is pretty brutal. Yeah. Again,
31:46
Speaker 1: he's lying about the reciprocality of the tariffs. Yeah, he's
31:53
Speaker 1: talking about Korea companies. They investing one hundred and fifty
31:56
Speaker 1: billion to revive the ship building industry in the United States.
32:00
Speaker 1: You know, we'll see if any of that happens. But
32:02
Speaker 1: he just a few days ago said he was raising
32:05
Speaker 1: tafts of South Korea because they weren't fulfilling that among
32:08
Speaker 1: other things. They weren't for filling. So is it happening
32:11
Speaker 1: or isn't it happening? He can't decide, You know, we can.
32:19
Speaker 1: This is the finer paragraph. It was the tariff that
32:22
Speaker 1: being America strong and powerful in generations past. Not true.
32:26
Speaker 1: By the way. I'll be teaching a course on trade,
32:29
Speaker 1: tariffs and trade and the history of trade and the
32:31
Speaker 1: history of American trade and the McKinley tariffs and all
32:34
Speaker 1: of that, and whether this is true. I'll be teaching
32:36
Speaker 1: a class on that for air I Live, I think
32:41
Speaker 1: starting in March or April. So check it out and
32:44
Speaker 1: hopefully you can sign up for that. And it is,
32:47
Speaker 1: and he says, and it is tasts that are making
32:48
Speaker 1: our country stronger, safe, and richer than ever before. All bullshit.
32:52
Speaker 1: Given the results of the past year and the spectacular
32:55
Speaker 1: economic numbers coming out every single day, perhaps it is
32:58
Speaker 1: time for the tariffs, skeptics of the journal to sort
33:00
Speaker 1: putting on one of my favorite red hats, the one
33:04
Speaker 1: that reads Trump was right about everything. I mean, this
33:10
Speaker 1: is an extraordinary up ed because of how how blatant
33:17
Speaker 1: it is, how just obviously false the things that he's saying,
33:21
Speaker 1: and how easy to check check the numbers and see
33:26
Speaker 1: that it is false. He's just making stuff up. And
33:29
Speaker 1: that is it's pretty extraordinary to see a president or
33:32
Speaker 1: anybody just put himself out there, and not just in
33:36
Speaker 1: a speech where nobody's writing it down and it's how
33:39
Speaker 1: to keep track, and but in and up ed in
33:41
Speaker 1: the Wall Street Journal and that has an editorial boat
33:44
Speaker 1: that knows this is all wrong, and we'll probably publisher
33:47
Speaker 1: piece showing it is all wrong. The audacity of doing
33:52
Speaker 1: that is it's pretty that's pretty amazing. That's pretty amazing.
33:57
Speaker 1: But it's but note that his fans, his fans, this
34:03
Speaker 1: will not change anything for them. They will they they won't.
34:10
Speaker 1: They will just repeat these numbers. They will repeat these
34:14
Speaker 1: numbers as if the the you know, God given truth.
34:18
Speaker 1: They won't challenge any events. They these numbers will start
34:22
Speaker 1: becoming law. You will start seeing people saying, well, Trump
34:26
Speaker 1: defeated inflation. There's no inflation anymore. Trump is reducing the
34:31
Speaker 1: federal budget deficit. He's reducing the trade deficit. Not that
34:36
Speaker 1: reducing the trade deficit. By the way, it's a good thing.
34:39
Speaker 1: It's not necessarily a good thing. It's it's it's insignificant,
34:43
Speaker 1: and it's certainly not a good thing if you do
34:45
Speaker 1: it artificially. But it's not even true that he's doing that.
34:50
Speaker 1: So but you know, if you repeat a lie and
34:54
Speaker 1: the left, the left knows this. The left learned this
34:57
Speaker 1: a long long time ago, and the right has now
35:00
Speaker 1: learn from the left how to do this. If you
35:03
Speaker 1: repeat a lie over and over and over and over
35:06
Speaker 1: and over and over again, it starts becoming conventional wisdom.
35:12
Speaker 1: It just starts becoming what everybody assumes it's true, knows
35:16
Speaker 1: it's true. It just accepts it's true, and nobody challenges
35:19
Speaker 1: it anymore. I mean, the left did this with wages,
35:21
Speaker 1: having quotes in the seventies. I mean hearing there for
35:23
Speaker 1: twenty years now. Trump believes it. Half the right believes it,
35:29
Speaker 1: all of the left believes it. Everybody believes it, even
35:31
Speaker 1: though it's just there's no basis for it in reality,
35:34
Speaker 1: and economists keep putting up papers after papers, after purpose
35:37
Speaker 1: after graph after graph to show that this is false,
35:44
Speaker 1: and know it's already so inculcated into their there's no
35:49
Speaker 1: such thing. But I think you know what I mean,
35:50
Speaker 1: collective consciousness, connective idea, the idea that people have about
35:53
Speaker 1: what it's true. That it's too late, you can't correct it.
36:02
Speaker 1: The ruggod communitarian says, you guys are wrong about protectionism
36:05
Speaker 1: of arists. Unfortunately, I will likely, unfortunately, I would likely
36:09
Speaker 1: make a video for the future showing us. You can
36:12
Speaker 1: make whatever videos you want. But you know, I might
36:15
Speaker 1: be wrong on a lot of different things, but protectionism
36:17
Speaker 1: and tariffs is not one of them. This has been
36:19
Speaker 1: an issue that has been that has been clear and
36:25
Speaker 1: unequivocal and unquestionable really since Adam Smith, since the Wealth
36:32
Speaker 1: of Nations. Every single economist in the world knows this,
36:37
Speaker 1: you know, with a few with a few exceptions, who
36:40
Speaker 1: just don't know economic economists who don't know economics, that
36:43
Speaker 1: that happens. And it is just absolutely of all the
36:49
Speaker 1: topics in economics, of all the topics, uh of understanding
36:54
Speaker 1: of economics, one of the few that the evidence is
37:00
Speaker 1: so unbelievably overwhelmingly exists, is the benefits of of free
37:11
Speaker 1: trade or the benefits of zero tariffs, so the benefits
37:14
Speaker 1: of unilateral zero tarOf or whatever you want you want
37:16
Speaker 1: to however you want to call it land value texts. Okay,
37:21
Speaker 1: it's one of those. Okay, we can ignore him. It
37:24
Speaker 1: doesn't matter, all right. So that's Trump's are bad again,
37:28
Speaker 1: unique uniquely bad in a sense of in a sense
37:32
Speaker 1: of the the just, the the sheer number of lies
37:36
Speaker 1: that it contains, uniquely bad in how easy it is
37:39
Speaker 1: to debunk, to debunk those lies. Uh, that is that
37:44
Speaker 1: is pretty easy and straightforward. Uh. And it's typically typical
37:49
Speaker 1: Trump thumping, chest thumping over lies, over deceptions. Uh, you know,
37:56
Speaker 1: kind of blind, uh, blind, ignorant or just evasive chest stumping.
38:08
Speaker 1: All right, let's talk about the Epstein files. Isn't this
38:13
Speaker 1: a wonderful topic? So three million, I guess documents were
38:19
Speaker 1: released from regarding the Epstein files. Three million. And it
38:28
Speaker 1: includes photos and includes supposedly videos, that includes documents, It
38:32
Speaker 1: includes emails, but it also includes and this is fascinating,
38:37
Speaker 1: it also includes all kinds of widows and wackos and
38:42
Speaker 1: crazy people writing to the Department of Justice saying, you know,
38:47
Speaker 1: Jeffrey Epstein is really an alien and he's he's got
38:51
Speaker 1: an Indian communications center at the BIO. I don't know
38:53
Speaker 1: if that's one of the emails, but that's equivalent, right.
38:56
Speaker 1: Just people, just all kinds of crazy people writing in
39:01
Speaker 1: all kinds of crazy theories about and claiming them as
39:04
Speaker 1: fact about jeffy Epstein. And there's no filtering, there's no okay,
39:08
Speaker 1: this this we know wackos. This is what the FBI assumed,
39:11
Speaker 1: the wackos, and this these are true emails. There's there's
39:14
Speaker 1: even an email that the jeffy Epstein is writing to himself.
39:19
Speaker 1: If you look at the if you look at who
39:21
Speaker 1: it's farm and who it's two, it's from jeffy Epstein.
39:25
Speaker 1: It's too Jeffrey Epstein. But the way the email is written,
39:28
Speaker 1: it's as if it's an email to Boll Gates. In
39:32
Speaker 1: it's a long, rambling email. He's upset at Gates and
39:36
Speaker 1: rambling and it's all over the place. And in it
39:38
Speaker 1: he accuses Bill Gates of getting STDs and then trying
39:43
Speaker 1: to get antibiotics to secretly place in his wife's to
39:48
Speaker 1: give to his wife so that she doesn't get this
39:51
Speaker 1: to eat. Something like that anyway, Bill Gates is where
39:57
Speaker 1: he not need the story, which is likely to do.
39:59
Speaker 1: But email is not even sent to Bill Gates. It's
40:02
Speaker 1: just an email Epstein is writing himself. Who knows what's
40:08
Speaker 1: in it is true or not. So what we've got
40:11
Speaker 1: is gazillions of these emails and files and maybe videos,
40:17
Speaker 1: and lots of photographs, lots of photographs. There's funny photographs
40:21
Speaker 1: with it turns out that mum Donnie's mother was quite
40:27
Speaker 1: seems a pretty close to jeffy Epstein. So now there's
40:29
Speaker 1: a rumor online. Just so I want to keep you
40:32
Speaker 1: I want to make sure you guys are up to
40:34
Speaker 1: speed on the latest conspiracy theories. I would hate for
40:36
Speaker 1: you to lose out on the latest conspiracy theories because
40:39
Speaker 1: you're listening to your on book show or not delving
40:42
Speaker 1: into the dark corners of Twitter. Actually this isn't even
40:47
Speaker 1: the dark corners. This is a mainstream anyway. There's a
40:49
Speaker 1: conspiracy theory now that mum Donnie is actually the child
40:54
Speaker 1: of jeffy Epstein and m'm Donnie's mother. Anyway, there's a
40:59
Speaker 1: bunch of photos of mcdannie as a baby with Jeffrey
41:02
Speaker 1: Epstein and his mother. The photos of mcdonnie as a
41:06
Speaker 1: as a young as a boy with Jeffy Epstein and
41:09
Speaker 1: Bill Clinton, and and and and Bill Gates and Jeff
41:13
Speaker 1: Bezos and mc donnie's mother. I mean, the photos are
41:16
Speaker 1: pretty pretty revealing of just the scope and the scale
41:21
Speaker 1: of of of what Jeffy Epstein, of Jeffrey Epstein's social circle,
41:27
Speaker 1: even after he was found you know, guilty of of
41:33
Speaker 1: of basically procurring sex from an underaged prostitute. So anyway,
41:42
Speaker 1: so what do you make of all of this, Because
41:43
Speaker 1: it's very hard to tell what to make of it
41:46
Speaker 1: because of just the scope and the scale of all
41:49
Speaker 1: of this. But you know, one thing, it clarifies something
41:55
Speaker 1: we knew. I don't think it's new, but we suspect it,
41:58
Speaker 1: and now we know even more. Jeffype social circle was massive,
42:04
Speaker 1: and it included many of the leading figures in the
42:09
Speaker 1: world out there. I know there's emails to and from
42:15
Speaker 1: Jeffrey Epstein to Patia. You may have a Patia, the
42:18
Speaker 1: doctor that I recommended, whose book I recommended. He is
42:21
Speaker 1: somehow in the socle of people associated with Jeffy Epstein.
42:27
Speaker 1: There is no question that Epstein was a people's person.
42:31
Speaker 1: He was a schmoozer. He knew how to attract people,
42:37
Speaker 1: he knew how to bing people to side. He was
42:40
Speaker 1: a smart guy. He was an interesting conversationalist. He knew
42:45
Speaker 1: a lot of stuff. He was interested in science and
42:47
Speaker 1: mathematics and a lot of other things. And he managed
42:50
Speaker 1: to connect and be connected with a lot of people,
42:56
Speaker 1: a lot of people, and really the top people in
42:59
Speaker 1: our culture, people who resisted him, anyone from Nam Chomsky
43:02
Speaker 1: to Bill Gates and and and Jeff Bezos and Mamdanie's mother,
43:06
Speaker 1: and and Bill Clinton and Donald Trump. There's there's emails
43:11
Speaker 1: there suggesting that maybe Donald Trump raped a thirteen year old. Again,
43:16
Speaker 1: there's no evidence that there's nothing. There's nothing you can
43:20
Speaker 1: prosecute on. If there was, you believe me, the Bide
43:23
Speaker 1: administration would have used that. There's just a lot of innuendo.
43:27
Speaker 1: There's a lot of allegations. It's clear that Jeffrey Epstein
43:33
Speaker 1: engaged in big sex parties and Org's it's pretty clear
43:38
Speaker 1: that some of the women, a lot of the women
43:40
Speaker 1: at these sex parties were of age, but some of
43:42
Speaker 1: them were underaged, some of them were prostitutes, some of
43:46
Speaker 1: them were not, some of them were being clearly physically
43:51
Speaker 1: exploited by Epstein and and he was making the law
43:56
Speaker 1: because many of them were under age, and that many
44:00
Speaker 1: of his friends partook in these sex parties. Exactly who
44:06
Speaker 1: we don't know, exactly when, we don't know. We know
44:09
Speaker 1: that these happened in his house in New York, in
44:13
Speaker 1: the in the Ireland, even in his home in Arizona.
44:18
Speaker 1: It happened all these places. He was procurring women for
44:22
Speaker 1: different places, is now from this trove of information, and
44:27
Speaker 1: as evidence to suggested he tried to get Prince Andrew
44:31
Speaker 1: or hooked up Prince Andrew with another woman. Again, we
44:34
Speaker 1: don't know who she is. All the names are redacted.
44:39
Speaker 1: So he was a creep, but he was a socially
44:44
Speaker 1: adept creep, A kind of creep who understood people and
44:48
Speaker 1: knew how to manipulate them, knew how to befriend them,
44:51
Speaker 1: knew how to have relationships with them, managed to somehow
44:56
Speaker 1: befriend the most influential people in the world, you know,
45:00
Speaker 1: while he was alive, and you know, seduce them, maybe
45:07
Speaker 1: with women, maybe just with his intelligent chatter, maybe with
45:11
Speaker 1: his beautiful island and beautiful home. You know, all of
45:16
Speaker 1: the above, and different people, maybe different varieties. My guess
45:19
Speaker 1: is he was like a chameleon who could change, you
45:22
Speaker 1: could he could be very sophisticated with some people and
45:25
Speaker 1: be locker room down dirty with other people. He was
45:30
Speaker 1: a manipulator. He was a sexual predator. You know, he
45:35
Speaker 1: clearly raped and exploited young young goals, not children, but
45:42
Speaker 1: young girls as young as thirteen, fourteen, fifteen, sixteen, seventeen,
45:47
Speaker 1: So you know, clearly illegal and clearly wrong and clearly mabel.
45:51
Speaker 1: And this guy was a bad guy. And yet people
45:58
Speaker 1: who attained power I often think there. I think the
46:03
Speaker 1: people associated with jeffy Epstein, people who tame power often
46:05
Speaker 1: thinks they were they were above the law. Many of
46:08
Speaker 1: the people who we associated with him grew up as
46:12
Speaker 1: geeks who probably didn't have much experience and much connection
46:17
Speaker 1: with women. Uh, suddenly you have these beautiful women draped
46:21
Speaker 1: on your arm and and at your beckam, call and
46:24
Speaker 1: do whatever you want. And these people seduced, these people
46:27
Speaker 1: by seduced by that, you know that their immense wealth.
46:34
Speaker 1: But they I guess they some of them felt like
46:37
Speaker 1: there was something missing and and and sex was it
46:41
Speaker 1: or the adventure of it, whatever, whatever the appeal was,
46:46
Speaker 1: These people appealed to it. What's stunning is how everybody
46:52
Speaker 1: knows everybody in these circles UH, the the so called elite.
46:57
Speaker 1: There isn't there isn't a sense a cultural, business and
47:00
Speaker 1: political elite that all schmooves with one another. And that
47:05
Speaker 1: is not a good thing. That is, particularly when you
47:08
Speaker 1: mingle it with politics, it's a bad thing. And when
47:11
Speaker 1: you mingle it with sex, it's a very bad thing.
47:14
Speaker 1: It's a very bad thing. There's no evidence from any
47:18
Speaker 1: of these that he was a MASAD agent or CIA
47:21
Speaker 1: agent or agent of anybody. There's no evidence that he
47:27
Speaker 1: used the tapes that he probably had of some of
47:30
Speaker 1: these sex parties to blackmail people. It seems like he
47:34
Speaker 1: got his money more from you know, savvy tax advice
47:39
Speaker 1: and investment advice and economic advice and just being friendly
47:43
Speaker 1: and people being grateful for all the connections and all
47:48
Speaker 1: the fun times that he was giving them. It seems
47:52
Speaker 1: likely that he killed himself. It's unlikely they was murdered,
47:56
Speaker 1: although he can't completely rule it out. But with the
48:01
Speaker 1: stuff coming out, you have to be careful because there's
48:03
Speaker 1: a lot of batchet crazy stuff that is UH that
48:09
Speaker 1: is stated there from people clearly who are not quite
48:12
Speaker 1: with it. Uh, And you have to use your mind
48:19
Speaker 1: because you know, none of us nobody trusts the gatekeepers,
48:24
Speaker 1: and therefore we all become our own gatekeepers, which requires
48:26
Speaker 1: you to become a gatekeeper, which requires you to really
48:29
Speaker 1: think critically of the stuff you're reading. And I'll just
48:32
Speaker 1: accept it for face value. So if you're going to
48:35
Speaker 1: delve into these files, yeah, you got to be critical,
48:39
Speaker 1: and you got to really think about about what it
48:41
Speaker 1: is you're reading and what it is that exists. But
48:44
Speaker 1: but what is revealed is you know, behavior that that
48:52
Speaker 1: is disturbing on the part of very successful man who
48:59
Speaker 1: have everything and who for some reason were attracted to
49:03
Speaker 1: Jeffrey Epstein and to his kind of sexual racket. And
49:10
Speaker 1: it's disappointing and it's disturbing, but it appears to be reality.
49:15
Speaker 1: And again, political leaders Bill Clinton is everywhere in these pictures.
49:19
Speaker 1: Trump was everywhere and is extensively mentioned in the various
49:25
Speaker 1: correspondents and emails. All the way up to twenty nineteen,
49:28
Speaker 1: all the way up to Epstein's death, he was still
49:31
Speaker 1: dabbling in influence on the administration, who gets appointments and
49:36
Speaker 1: people were getting his advice on who should be appointed
49:40
Speaker 1: to what within the Trump administration, and of course left
49:45
Speaker 1: and right figures from business and from just a broader culture.
49:51
Speaker 1: So disappointing. I'm disappointing people like ptert TN and people
49:56
Speaker 1: like that. You know that somehow entangled with him and
50:01
Speaker 1: found this, I don't know, found us this relationship of
50:08
Speaker 1: value and of interest. It's it's very disappointing and it's
50:11
Speaker 1: it's very unfortunate to see and to experience. Now again,
50:19
Speaker 1: he was he was, he was a master with this.
50:23
Speaker 1: So you could brush it off in the sense of
50:28
Speaker 1: they were all seduced by a master seducer, but it's
50:33
Speaker 1: not a it's not a good enough excuse. And some
50:35
Speaker 1: of the emails that you're seeing, some of these people
50:39
Speaker 1: are using language and discussing things. I mean Elon Musk
50:42
Speaker 1: by the way, Elon Musk telling him that he wants
50:45
Speaker 1: to come to one of his wild parties on the
50:47
Speaker 1: island and when can they schedule it? So Elon Musk
50:50
Speaker 1: is in there as well. Now I was Mosk is
50:52
Speaker 1: denying it. He never went. We don't know. The fact
50:55
Speaker 1: is we don't know. And but why why was why
50:58
Speaker 1: was even writing this? Why why was even participating in this?
51:01
Speaker 1: Why was even and but I but you know there
51:06
Speaker 1: are people, there are people out there are who are
51:08
Speaker 1: incredibly seductive who you know, they're good with other people.
51:11
Speaker 1: They're secondhanded in that sense. They know they can feed
51:15
Speaker 1: off of your emotions. They know what to give you
51:18
Speaker 1: to make a connection. And people lose their objective judgment
51:23
Speaker 1: when encountering these kind of people. They get kind of
51:27
Speaker 1: visibility that maybe they don't get in other parts of
51:30
Speaker 1: their lives, and they jump on it and it's super
51:34
Speaker 1: sad and it's super disappointing. All right, let's see. That
51:44
Speaker 1: is what I've got about Epstein. Most stuff will come out.
51:48
Speaker 1: People are going through this, you know, we will see
51:52
Speaker 1: what the evidence ultimately shows. But I think that basically
51:56
Speaker 1: captures it. He's a creep and he attracted a lot
51:59
Speaker 1: of powerful people because he was a good He was
52:01
Speaker 1: a he was a people person and gave people what
52:04
Speaker 1: they wanted and found their weakness and sex was a
52:08
Speaker 1: weakness for a lot of these guys. This is a
52:14
Speaker 1: pretty amazing story published in the Wall Street Journal. I
52:19
Speaker 1: think it was also on Friday, Is that right? Yeah? No,
52:22
Speaker 1: that this is on Saturday. So this is after Donald
52:24
Speaker 1: Trump published his op ed uh. This is a story
52:27
Speaker 1: about the the sheikh. The Sheikh, the Sheikh Tanun bin
52:34
Speaker 1: Zayed la Nahayana, who is an Abu Dhabu royal. It
52:41
Speaker 1: was abud Wi royal. He is the brother of the
52:43
Speaker 1: President of Abu Dhabi. UH. He's often referred to as
52:47
Speaker 1: a spy sheikh. He's the brother to the United Arabamas President. UH.
52:52
Speaker 1: He the government's national security advice I guess that's another brother,
52:57
Speaker 1: as well as the leader of the oil richest country,
53:00
Speaker 1: largest wealth fund. He oversees more than what this is.
53:04
Speaker 1: This is him, so he oversees the largest wealth fund.
53:07
Speaker 1: He oversees more than one point three trillion dollars, which
53:11
Speaker 1: is funded by his personal fortune and by state money. UH.
53:15
Speaker 1: He invests in everything from fish farms to AI to
53:17
Speaker 1: surveillance to he's a he's a big player in the
53:21
Speaker 1: world of investments. I mean, one of the really distorting
53:24
Speaker 1: things that exist in the world of investments today is
53:27
Speaker 1: just how much money these sheikhs wield from from the
53:31
Speaker 1: oil revenue and disproportionally they they're investors and pretty much
53:37
Speaker 1: every venture, every worthwhile venture out there in the world. Anyway,
53:41
Speaker 1: it turns out that the Sheik made an investment, made
53:48
Speaker 1: an investment in about a week what is it, four
53:51
Speaker 1: days before the inauguration. The Sheikh made an investment in
53:58
Speaker 1: the Trump families, you know, a crypto venture, crypto commetcy venture.
54:05
Speaker 1: He basically puts just forty nine percent of the company,
54:08
Speaker 1: so fifty one percent is owned by Trump, forty nine
54:11
Speaker 1: percent is now owned by the chikh from the UAE,
54:16
Speaker 1: the United Arab Emirates. He he paid, He paid half
54:22
Speaker 1: up fund one hundred and eighty seven million dollars directly
54:26
Speaker 1: to Trump family entities. At least thirty one million was
54:32
Speaker 1: slated to flow to entities with affiliation affiliated with the
54:36
Speaker 1: family of who's the other big guy within the Trump
54:41
Speaker 1: administration that does this kind of stuff. Thirty one million
54:46
Speaker 1: flow to entities affiliated with the family of Steve Whitcoff,
54:51
Speaker 1: who is the World Liberty. It's called Wood Liberty. He's
54:53
Speaker 1: a co found of World Liberty. This is a few
54:57
Speaker 1: weeks after he had already been named the US envoy
55:01
Speaker 1: for the Middle East. It's kind of convenient to give
55:03
Speaker 1: the US envoye the mid least thirty one million dollars
55:06
Speaker 1: when you know he's going to be negotiating on behalf
55:08
Speaker 1: of the Trump administration. This still was unprecedented in American
55:16
Speaker 1: history a found government official taking a major ownership in
55:22
Speaker 1: an incoming US president's company. He can't make this up.
55:28
Speaker 1: And again, this is not some conspiracy in some rag
55:31
Speaker 1: in some corner of the Internet. This is the Wall
55:32
Speaker 1: Street General. Now it turns out that I mean, that's
55:38
Speaker 1: at the end of it. That's just the beginning. Of course.
55:40
Speaker 1: Of course, under the Tamanoon is for a while now
55:44
Speaker 1: being trying to get into the AI hardware business. He
55:48
Speaker 1: tried with a Biden administration and didn't get very far. Basically,
55:53
Speaker 1: the Biden administration was worried that if they allowed the
55:58
Speaker 1: UAE to get the latest they can on they would
56:01
Speaker 1: siphon it off. They were diverted to China. The particular
56:06
Speaker 1: concerns was the one of Taihun's own companies, an AI
56:10
Speaker 1: firm called G forty two. You had ties to sanctioned
56:18
Speaker 1: tech company Huawei, the Chinese Huawei and other Chinese firms.
56:24
Speaker 1: Now the company says that severn ties with China in
56:26
Speaker 1: late twenty twenty three, but intelligence US intelligence agencies were
56:33
Speaker 1: still concerned, were worried. But once he made this investment,
56:39
Speaker 1: once this made this investment in the Trump Widcufugh entities.
56:44
Speaker 1: And by the way, the one hundred and eighty three
56:45
Speaker 1: was just one hundred and thirty three million was just
56:47
Speaker 1: a down payment. The total, the total amount of money
56:49
Speaker 1: transferred to Trump is going to be around half a
56:52
Speaker 1: billion dollars about five hundred million dollars in total for
56:55
Speaker 1: the win the deal. The total of the deal. So
56:59
Speaker 1: after Trump gets into office, Tahanun, the Sheikh meets multiple
57:04
Speaker 1: times with Trump, Whitcoff, and other US officials. In March,
57:08
Speaker 1: he visited the White House, where the Sheikh told officials
57:12
Speaker 1: he was eager to work with the United States on AI.
57:15
Speaker 1: AI's real strength of the United Arab Emirates you might know.
57:21
Speaker 1: And two months later, two months after the March meeting,
57:24
Speaker 1: the Trump administration committed to giving the UAE access to
57:30
Speaker 1: abound five hundred thousand of the most advanced AI chips
57:35
Speaker 1: a year. Every year they get five hundred thousand of
57:38
Speaker 1: the most advanced chips, enough to build one of the
57:40
Speaker 1: world's largest or biggest AI data sander clusters. The framework
57:46
Speaker 1: agreement called for offly one fifth of the chips to
57:49
Speaker 1: go to G forty two. That's the company that had
57:52
Speaker 1: tied with that had historically at least ties with China,
57:56
Speaker 1: so they would get one hundred thousand chips, huge coup
58:01
Speaker 1: for the ruling family, and real questions about national security,
58:11
Speaker 1: national security, as we said, one hundred and eighty seven
58:15
Speaker 1: went to the Trump family, one hundred million, thirty one
58:18
Speaker 1: million dollars went to to uh Witcoff family. Another thirty
58:25
Speaker 1: one million was directed to an entity tied to I
58:28
Speaker 1: guess Zach Falkland and Chase Hero, you know. And the
58:35
Speaker 1: journal couldn't determine at this point when the next payment,
58:38
Speaker 1: the second half of the investment was going to be made.
58:43
Speaker 1: It's it's this is pretty this is pretty amazing, right.
58:48
Speaker 1: I mean, Trumps real estate company has courted deals with
58:50
Speaker 1: foreign companies since the election, and President has accepted gifts
58:55
Speaker 1: of phone governments, including a four hundred million dollar luxury
58:58
Speaker 1: airliner from but the word liberty deal is the only
59:04
Speaker 1: known case of a foreign government official purchasing a major
59:08
Speaker 1: stake in a Trump company after his election. I don't know.
59:16
Speaker 1: I mean, I think the fact speak to himself. I
59:18
Speaker 1: don't think I need to give any color to this.
59:22
Speaker 1: I mean, this corruption on a scale that is hard
59:25
Speaker 1: to imagine any president ever engaging it. This is corruption
59:28
Speaker 1: on a scale that should be I mean, easily impeachable.
59:33
Speaker 1: This is what you should be impeaching presidents for their
59:37
Speaker 1: bought influence. With a half a billion dollar investment in Trump,
59:41
Speaker 1: this is a check to the Trump family. I mean,
59:44
Speaker 1: it's insane that nobody's talking about this. They're stowing in
59:47
Speaker 1: the Wall Street Journal. But it'll probably die. Nothing will
59:49
Speaker 1: happen for this. This is one among many. And on
59:55
Speaker 1: top of that, it's not only a bribe, but straight
59:57
Speaker 1: out bribe. And they got something for it. What they
59:59
Speaker 1: got for it is a national security risk that's impeachable.
1:00:03
Speaker 1: Just a Navtel. Nobody seems to care. Nobody seems to care.
1:00:11
Speaker 1: That's the reality in which we live. All right, let's see,
1:00:23
Speaker 1: Well it's late, okay, and we got a lot of
1:00:25
Speaker 1: questions the thumb. What do we Okay, let's do Iran
1:00:31
Speaker 1: public can defeat and some good news. We can do
1:00:33
Speaker 1: that quickly, okay. Iran. It's hard to tell what's going
1:00:35
Speaker 1: on with Iran. So US is saying they're going to
1:00:39
Speaker 1: be meeting with Iranians in Tokey in a few days
1:00:42
Speaker 1: to start negotiations for an Iranian deal. The United States
1:00:46
Speaker 1: has a certain criteria for the deal. Iran has already
1:00:49
Speaker 1: rejected all that criteria, and Iranian diplomats tell the Washington Post,
1:00:53
Speaker 1: no negotiation is possible under the common situation. Trump's condition
1:00:56
Speaker 1: for negotiations unrealistic and negotiable. And yet there's going to
1:00:59
Speaker 1: be negotiations. TOOKI in a little while? Is that real?
1:01:04
Speaker 1: It's how to tell. You read these conflicting news stories constantly,
1:01:08
Speaker 1: and it's how to tell what's reality and what's not.
1:01:12
Speaker 1: Trump insists that he wants to deal. He keeps saying
1:01:14
Speaker 1: he wants to deal. In the meantime, more and more
1:01:17
Speaker 1: equipment is flowing into the Middle East. You could argue
1:01:20
Speaker 1: that all of this is just delay tactics while Trump
1:01:24
Speaker 1: builds up basically air defense systems in the Middle East
1:01:30
Speaker 1: to defend Israel, to defend US assets and Jordan in
1:01:34
Speaker 1: Katta and Saudi Abi and UAE and elsewhere. Maybe I
1:01:41
Speaker 1: just don't know at this point. I mean, I thought
1:01:43
Speaker 1: that this weekend the United States would attack. The assets
1:01:46
Speaker 1: were in place, the defensive athletes. Maybe the defensive assets
1:01:50
Speaker 1: are not in place. But even that I get I
1:01:52
Speaker 1: read conflicting stories. Some say, oh no, it's already there.
1:01:55
Speaker 1: Some say it's stolen the way. I just don't know.
1:01:58
Speaker 1: I don't know if Trump is is looking for an
1:02:01
Speaker 1: excuse for something to happen so they can justify it.
1:02:04
Speaker 1: I don't know if he's really wants to negotiate, if
1:02:07
Speaker 1: he really wants a deal and think it's possible. Witcough
1:02:10
Speaker 1: clearly keeps pushing for a deal with coff is in
1:02:13
Speaker 1: the pocket of the Katari's unsurprising They've offered him, They've
1:02:17
Speaker 1: given a lot of money to his family businesses. How
1:02:22
Speaker 1: to tell exactly what is going on in Iran and
1:02:25
Speaker 1: if there will be an attack, and if that attack happens,
1:02:30
Speaker 1: when it will happen. I mean, I report I just read
1:02:32
Speaker 1: American airstrikes on Iran are not imminent. US official say
1:02:36
Speaker 1: because the Pentagon is moving in additional air defenses to
1:02:39
Speaker 1: better protect the Israel Arab allies and American forces in
1:02:41
Speaker 1: the event of retaliation by Iran and a potential, potentially
1:02:46
Speaker 1: prolonged conflict. That's what officials tell the Wall Street jenneral
1:02:50
Speaker 1: But again I read other stuff that says the assets
1:02:54
Speaker 1: already in place, so heart it's all in the meantime
1:02:57
Speaker 1: in Iran it's just horrific. An entire generation, generations Z,
1:03:03
Speaker 1: the generation that really propelled these protests, the generation that
1:03:06
Speaker 1: went out for the Women's Revolution a couple of years
1:03:10
Speaker 1: ago and led the demonstrations in the streets. This time,
1:03:13
Speaker 1: that generations, you know, suffered unbelievable casualties. I mean, they're
1:03:20
Speaker 1: the ones who got killed in the streets. They're the
1:03:22
Speaker 1: ones who've been voted, you know, tens of thousands of them,
1:03:26
Speaker 1: it seems of their lives, they're either dead or wounded.
1:03:33
Speaker 1: I mean, it's just it's just horrific what has happened
1:03:40
Speaker 1: to young Iranians and the extent. You know, almost half
1:03:44
Speaker 1: the population in Iran is under thirty, so, you know,
1:03:48
Speaker 1: in terms of numbers, maybe a few tens of thousands,
1:03:51
Speaker 1: not that much. But these are the best. These are
1:03:54
Speaker 1: the ones who went out, These are the ones who
1:03:56
Speaker 1: wanted to fight for their freedom. These are the ones
1:03:58
Speaker 1: who believed in it, and these are the ones who
1:04:00
Speaker 1: got killed. How many exactly got killed, we still don't know,
1:04:04
Speaker 1: whether it's six thousand or whether it's thirty six thousand.
1:04:08
Speaker 1: We still don't have or more, we still don't have
1:04:10
Speaker 1: an accurate number. All we know is the horror, and
1:04:15
Speaker 1: we've got we're getting more and more information out of
1:04:17
Speaker 1: you on with the names and pictures and videos of
1:04:20
Speaker 1: the kids that got killed. I mean, if you follow
1:04:22
Speaker 1: this kind of stuff on Twitter as I do, it's
1:04:25
Speaker 1: heart wrenching. It's heart wrenching to see the photos of
1:04:29
Speaker 1: these kids, the promise of their lives extinguished, and the
1:04:34
Speaker 1: Iranians are still hopeful and still convinced that Trump is
1:04:38
Speaker 1: going to come to their rescue. There are pictures all
1:04:40
Speaker 1: over Take that people are posting in Tehran of pictures
1:04:45
Speaker 1: of Donald Trump with statements underneath that saying, Uranian people
1:04:50
Speaker 1: are waiting for you again. Donald Trump promised to react right,
1:04:57
Speaker 1: We're locked and loaded, where ready to go. That was
1:05:00
Speaker 1: weeks ago, you know, he said, go out into the streets,
1:05:03
Speaker 1: take the streets. We have your back, we will support you.
1:05:07
Speaker 1: Nothing so far. Now, whether he'll live up to that,
1:05:10
Speaker 1: who knows. It's Donald Trump, you just can't tell. So
1:05:15
Speaker 1: I continue to monitor, continue to watch it. We'll continue
1:05:18
Speaker 1: to fill you in and we'll see how it goes. Now.
1:05:22
Speaker 1: One of the consequences of Trump's presidency, the fact that
1:05:26
Speaker 1: there is price inflation, the reality of the reality of ice,
1:05:32
Speaker 1: just the fact that Trump is incredibly unpopular right now
1:05:35
Speaker 1: in his policy is incredibly unpopular right now in America.
1:05:38
Speaker 1: Is the fact that Republicans are suffering in the polls,
1:05:42
Speaker 1: and you can you can see poll AFT to poll AFT.
1:05:44
Speaker 1: The poll show how Trump is unpopular and Republicans unpopular.
1:05:50
Speaker 1: And this is really why we send for the Republicans
1:05:52
Speaker 1: in terms of the coming election. Anyway, there was election
1:05:55
Speaker 1: yesterday I think it was yesterday in Texas that should
1:06:00
Speaker 1: have been a slam dunk for Republicans. This was a
1:06:05
Speaker 1: Texas state election for state senator, so it doesn't have
1:06:09
Speaker 1: national implications other than what it suggests. It was held
1:06:13
Speaker 1: I think in Fort Worth in a district that Trump
1:06:16
Speaker 1: won by seventeen points, so a deep red district. And
1:06:23
Speaker 1: yesterday there was a special election for the state Senate
1:06:30
Speaker 1: between a Democratic and Republican. Donald Trump back to Republican indeed,
1:06:36
Speaker 1: a day before the election, he wrote Lee Wabsha, whatever
1:06:40
Speaker 1: name is, a Republican running for the state Senate in
1:06:43
Speaker 1: the suburbs of Fort Worth, Texas, will be a great candidate.
1:06:48
Speaker 1: And how's my complete and total endorsement. Thank you for
1:06:51
Speaker 1: your attention for this matter. So Trump stepped into the
1:06:54
Speaker 1: race and endorsed the candidates. Lee the Republican got Clomett.
1:07:00
Speaker 1: It wasn't even close, lost by thirteen points in a
1:07:06
Speaker 1: district the Trump carried by seventeen. That is a stunning turnout. Democrats,
1:07:15
Speaker 1: of course, are celebrating this and hoping that this is
1:07:19
Speaker 1: an indication that what's to come in the midterms. But
1:07:21
Speaker 1: if this is any indication, if this, if this is representative,
1:07:26
Speaker 1: it's not just that Lee is just a terrible candidate
1:07:28
Speaker 1: and ran an awful campaign, what does I say about
1:07:33
Speaker 1: the midiums? Texas could be in play for the Senate.
1:07:37
Speaker 1: Not only could the Democrats take the House, take the House,
1:07:42
Speaker 1: which is you know, certainly likely, very likely, they could
1:07:49
Speaker 1: take the Senate, which is unlikely, but they could if
1:07:54
Speaker 1: this voting pattern continues. If the disgust of the American
1:07:57
Speaker 1: people with Republicans is this deep, then hold on. You know,
1:08:02
Speaker 1: Republicans a deep, deep deep doo doo, a deep trouble,
1:08:06
Speaker 1: and they deserve it. They deserve it because they've put
1:08:12
Speaker 1: themselves lockstep with Trump. They won't question him, they won't
1:08:16
Speaker 1: challenge him, they won't do anything. So they have bought
1:08:19
Speaker 1: into his agenda full Stockham battle and Therefore, the election,
1:08:25
Speaker 1: the midterm election for the House and Senate will be
1:08:29
Speaker 1: about Trump's agenda and they won't be able to run fround.
1:08:33
Speaker 1: I mean, it's a thirty point shift in Texas in
1:08:37
Speaker 1: this one district. Is that Can you extrapolate to that
1:08:43
Speaker 1: to the whole state. If that's the case, then they
1:08:45
Speaker 1: win the Senate. If they win the Senate, well Trump's
1:08:51
Speaker 1: in deep trouble because he could get impeached. But you know, Republicans,
1:08:57
Speaker 1: I mean, Republicans should not lose the Senate by any
1:08:59
Speaker 1: but any stretch of the imagination. But look, they elected
1:09:04
Speaker 1: Trump and they deserve whatever's coming. I don't know that
1:09:07
Speaker 1: we deserve it, but they deserve whatever's coming. Uh. Trump
1:09:11
Speaker 1: was asked about this election in Texas and said, I
1:09:13
Speaker 1: don't know anything about it. I don't know who this
1:09:15
Speaker 1: woman is. I don't know who Lee is. Uh, and uh,
1:09:18
Speaker 1: you know, I know nothing about it. He said, what
1:09:22
Speaker 1: are they talking about? When he endorsed her and tweeted
1:09:26
Speaker 1: about it the day before. All right, Uh, let's see
1:09:37
Speaker 1: what do I want to do here? We got that,
1:09:40
Speaker 1: We got that. Yeah, I promised you some good news. Okay,
1:09:44
Speaker 1: so few a few items of good news. Uh, that
1:09:47
Speaker 1: we can talk about that come from the world as
1:09:54
Speaker 1: usual of science and healthcare and things like that, because
1:09:58
Speaker 1: that's where the good news, that's where there's news. Nothing
1:10:01
Speaker 1: in politics is good news. So let's jump in with
1:10:05
Speaker 1: some of the good news parts of this. Let's do
1:10:12
Speaker 1: this just for fun, all right. He's the CDC. The
1:10:20
Speaker 1: CDC reported the US life expectancy, which if you remember,
1:10:24
Speaker 1: was declining in the twenty teens and really took a
1:10:27
Speaker 1: beating during COVID as of twenty twenty four. The end
1:10:34
Speaker 1: of twenty twenty four, so the state is always a
1:10:36
Speaker 1: year behind. Is it an all time high? All time high?
1:10:41
Speaker 1: So twenty twenty four, life expectancy in the United States
1:10:44
Speaker 1: was seventy nine years old. That is, surpasses the pre
1:10:49
Speaker 1: COVID levels, and it's an all time high for the
1:10:53
Speaker 1: United States. That probably has a lot to do with
1:10:56
Speaker 1: the fact that murders are down, addiction deaths down. Obviously,
1:11:03
Speaker 1: COVID deaths are down, but what people called in the
1:11:06
Speaker 1: mid two thousands a death of deaths of despair are
1:11:10
Speaker 1: all significantly down. That was what was dragging life expectancy
1:11:14
Speaker 1: in the United States downwards. And once that comes down,
1:11:18
Speaker 1: murder drug drug ot overdose, and suicides. Also, car accidents
1:11:23
Speaker 1: are down. Those factors drove us life's expecting any downwards,
1:11:29
Speaker 1: and as those come down from their highs, life expectancy
1:11:34
Speaker 1: in the United States is rising. So that's good. It's good.
1:11:40
Speaker 1: Maybe we'll catch up with some of our some of
1:11:43
Speaker 1: these other countries that keep telling us it's all about
1:11:46
Speaker 1: it's all about socialized healthcare. That's why they have longer
1:11:49
Speaker 1: life expectancy. No, it's because you have better lifestyles. You
1:11:52
Speaker 1: have less obesity, you do less stupid things like overdose,
1:11:56
Speaker 1: and you have less I guess angst among certain people.
1:12:00
Speaker 1: So there's I don't know if there's less suicide per capita.
1:12:03
Speaker 1: That's something to look into. But most of it is
1:12:05
Speaker 1: lifestyle choices. Americans make really, really dumb lifestyle choices, and
1:12:10
Speaker 1: that's why life expectancy is lower than the US and
1:12:13
Speaker 1: let's say Europe and Japan. It has more to do
1:12:17
Speaker 1: with that than anything else. All Right, here's some other stuff.
1:12:21
Speaker 1: Researchers are published the four results of the largest randomized
1:12:24
Speaker 1: trial of AI cancer screening to date. Right, So this
1:12:29
Speaker 1: is AI screening cancer in this case, I think it
1:12:33
Speaker 1: is mammograms. So screening for breast cancer. So they compared
1:12:38
Speaker 1: mammograms read by one radiologist assisted by an AI with
1:12:44
Speaker 1: the standard, which is two radiologists looking at every skin.
1:12:49
Speaker 1: The AI supported process cut radiologists workload by forty four percent,
1:12:54
Speaker 1: that's huge, and detected twenty nine more cancers without additional
1:13:02
Speaker 1: fake positives, false positives right, without additional mistakes. Women who
1:13:07
Speaker 1: received a negative result during the AI assisted mammogram ended
1:13:12
Speaker 1: up having twelve percent fewer cancer diagnosis before their next
1:13:17
Speaker 1: schedule screening than those in the control group, suggesting that
1:13:21
Speaker 1: the AI screen missed fewer aggressive cancers, fewer false positives,
1:13:26
Speaker 1: say forty four percent of time, and detect the twenty
1:13:29
Speaker 1: nine more cases of cancer. An overwhelming, unequivocal, fantastic result
1:13:36
Speaker 1: that is going to save a lot of women's lives,
1:13:39
Speaker 1: a lot of women's lives and catch it early. So
1:13:42
Speaker 1: maybe not only save their lives, would make treatment much
1:13:46
Speaker 1: less invasive and much less horrific, because when you catch
1:13:50
Speaker 1: cancer early, it's there are many, many more treatment options
1:13:53
Speaker 1: than when you catch it late. More. The Health Mind Study,
1:14:01
Speaker 1: which is a large surveyor survey of US college students
1:14:05
Speaker 1: mental health. There's a survey of mental health. So this
1:14:08
Speaker 1: is self reported mental health. This is not a clinician.
1:14:15
Speaker 1: What the survey does, which is done every year, showed
1:14:18
Speaker 1: significant improvements in mental health of American students between twenty
1:14:22
Speaker 1: twenty two and twenty twenty five. The share reporting severe
1:14:25
Speaker 1: depression fell from twenty three percent to eighteen percent, anxiety
1:14:29
Speaker 1: thirty seven to thirty two, loneliness fifty eight to fifty two,
1:14:32
Speaker 1: and suicidal thoughts from fifteen percent to eleven percent. And
1:14:36
Speaker 1: indeed suicides are down as well as overdose is down,
1:14:39
Speaker 1: which is consistent. So you hear a lot about the
1:14:44
Speaker 1: mental health crisis among young people. You hear a lot
1:14:46
Speaker 1: about how awful it is, and how everybody's depressed, and
1:14:48
Speaker 1: how everybody's societal, how all things are awful, and you know,
1:14:52
Speaker 1: just horrific. Yay, here's an indication maybe maybe it's not
1:14:58
Speaker 1: as bad as people say. Maybe it's actually improving. Maybe
1:15:01
Speaker 1: in this one realm, things are getting better again. Hard
1:15:04
Speaker 1: to tell, this is just one survey, but it does
1:15:08
Speaker 1: seem like there's steady improvement from the post COVID era
1:15:12
Speaker 1: to today, from twenty twenty two to twenty twenty five. Finally,
1:15:16
Speaker 1: a technology medical cross reference thing that is amazing and
1:15:22
Speaker 1: actually in a lot Musk company newer Link, this is
1:15:28
Speaker 1: amazing to me. New Link is not implanted. It's brain
1:15:31
Speaker 1: chips in twenty one people with paralysis, allowing them to
1:15:36
Speaker 1: use digital tools like computers and cameras with their minds.
1:15:41
Speaker 1: Just amazing. According to the company blog post, some chip
1:15:44
Speaker 1: recipients can now operate a computer as fast or faster
1:15:49
Speaker 1: than the typical able bodied user. That's pretty amazing. And
1:15:55
Speaker 1: think about the massive improvement in quality of life for
1:16:01
Speaker 1: these people, and just extapolate from this and what will
1:16:05
Speaker 1: be possible in the future. You know this with this
1:16:09
Speaker 1: kind of technology of putting chips. Putting chips in the
1:16:13
Speaker 1: brain sounds a little spooky, but to enhance all kinds
1:16:18
Speaker 1: of functions and to be able for you to communicate
1:16:20
Speaker 1: directly with a computer, you don't have to have a computer.
1:16:23
Speaker 1: Computer's right down a chip in the brain itself, and
1:16:26
Speaker 1: you can, you know, monitor it and you can see
1:16:30
Speaker 1: the results. And pretty amazing stuff, guys, pretty amazing stuff.
1:16:35
Speaker 1: It's pretty stunning how much progress can be made, even
1:16:40
Speaker 1: in an environment like the one we live in, even
1:16:42
Speaker 1: in a world as statist as corrupt, as controlling, as
1:16:47
Speaker 1: manipulated as it's gone down awful as the political world
1:16:52
Speaker 1: in which we live. Guys, that is the use for
1:16:55
Speaker 1: this February first, twenty twenty six. It's a Sunday, all right,
1:17:05
Speaker 1: let's jump in because we're running a little late after
1:17:07
Speaker 1: finish at six thirty. Maybe we can rent a few
1:17:11
Speaker 1: minutes later, but we have to finish at sixth thirty.
1:17:14
Speaker 1: So let me let me jump in with your questions
1:17:18
Speaker 1: and a lot of them. So thank you, a lot
1:17:21
Speaker 1: of questions and a lot of money. Combination. I like
1:17:24
Speaker 1: that combination and really really appreciate it. All right, let's
1:17:29
Speaker 1: set with Ryan one hundred and thirty three, one hundred
1:17:32
Speaker 1: and forty Canadian dollars. When a president has to write
1:17:35
Speaker 1: an op ad to defend his policies, doesn't that maybe
1:17:38
Speaker 1: that doesn't that mean she has already lost a long
1:17:43
Speaker 1: eye long for a rational world. It's hard to tell
1:17:46
Speaker 1: what he's lost. I mean, all the polls suggests he's lost.
1:17:50
Speaker 1: Public opinions seems to be very antagonistic to his views.
1:17:54
Speaker 1: Suddenly Trump lost the Economist, he lost the Wall Street Journal.
1:17:58
Speaker 1: The Wall Street Journal is very, very very critical of
1:18:00
Speaker 1: his tariff policies, and so I don't think so. I
1:18:05
Speaker 1: think he knows he's lost and he's trying to somehow
1:18:08
Speaker 1: win the more value. The only way he knows how
1:18:10
Speaker 1: to win people or is to light to them, to
1:18:12
Speaker 1: manipulate them, to seduce them with fake good news. And
1:18:17
Speaker 1: that's what he's trying to do. And will it be
1:18:19
Speaker 1: successful for some people. It'll work on some people. It's
1:18:22
Speaker 1: not going to work. In letters to the laws of
1:18:24
Speaker 1: the journal, they're not going to change their mind. Thep
1:18:27
Speaker 1: editor is the editorial literators. But yeah, it does show
1:18:31
Speaker 1: a little bit of sign of desperation. He's trying to.
1:18:34
Speaker 1: He feels like I think right now that he's losing
1:18:38
Speaker 1: the PR war. He's losing the PR war over affordability inflation,
1:18:44
Speaker 1: he's losing the PR war over the tariffs, he's losing
1:18:47
Speaker 1: the PR war over ice. And he's trying to he's
1:18:51
Speaker 1: trying to gain some traction. So you'll see him publish more,
1:18:54
Speaker 1: you'll see him speak more, you'll see him I mean,
1:18:56
Speaker 1: he speaks every day to the press, so it's hard
1:18:58
Speaker 1: to believe that he can speak more. But he's going
1:19:01
Speaker 1: to try to be more sertive and try to move
1:19:04
Speaker 1: the country in his direction because otherwise, he knows he's
1:19:07
Speaker 1: going to get crushed in the midterms, and he's not
1:19:13
Speaker 1: looking forward to dealing with a Democratic majority. And again
1:19:18
Speaker 1: I also think he's working in a plan to maybe
1:19:21
Speaker 1: overturn those elections, but you know, he'd much rather not
1:19:26
Speaker 1: lose them to begin with, and then he doesn't have
1:19:28
Speaker 1: to engage in that plan. A right clock, fifty dollars,
1:19:35
Speaker 1: thank you. The language, the language mental health professionals often
1:19:39
Speaker 1: use suggest they view non altruistic behavior as sociopathic or
1:19:44
Speaker 1: anti social exploitative that must destroy so many people seeking
1:19:48
Speaker 1: therapy trying to overcome undeserved altruistic guilt. So I don't
1:19:55
Speaker 1: know if that's true. Now, I'll take you at your word.
1:19:57
Speaker 1: I'll take you that it is true. I don't know.
1:19:59
Speaker 1: I mean, it's a good question to ask Gina if
1:20:02
Speaker 1: that's indeed the case. But there's no question that for
1:20:07
Speaker 1: two thousand years now, we have been conditioned to believe
1:20:11
Speaker 1: that the opposite of altruism is not rational long term
1:20:16
Speaker 1: self interest. The opposite of altruism is lining, cheating, stealing,
1:20:20
Speaker 1: sob and that there is no possibility, there is no
1:20:24
Speaker 1: option of being objectively egoistic, rationally egoistic. You know that
1:20:31
Speaker 1: that just doesn't exist. That the only alternatives and ethics
1:20:34
Speaker 1: or altruism, or either sacrifice or to demand the sacrifice
1:20:40
Speaker 1: of others to you use sacrifice to them or they
1:20:42
Speaker 1: sacrifice to you. Those are the two options. And it
1:20:46
Speaker 1: wouldn't surprise me at all if that has found its
1:20:50
Speaker 1: way into the space of psychology and into terms like
1:20:55
Speaker 1: socio sociopath or psychopath. You know, I don't know other
1:21:01
Speaker 1: social kind of diseases, because I mean, really, in philosophy,
1:21:07
Speaker 1: in much of philosophy and much of ethics, it's the
1:21:11
Speaker 1: only alternatives we're being presented in day to day life.
1:21:15
Speaker 1: It's the only alternatives to be presented. And again, even
1:21:17
Speaker 1: if you talk to thoughtful people, they can't really, they
1:21:22
Speaker 1: can't seem to really get their heads around the idea
1:21:26
Speaker 1: of rational self interest, of a selfishness focused on the
1:21:30
Speaker 1: rational pursuit of values, of happiness, of flourishing, of success
1:21:34
Speaker 1: in life. To them, being selfish is evil. That's it.
1:21:38
Speaker 1: It's just evil, There's no there's no question about it.
1:21:43
Speaker 1: Selfishness is exploitation. Selfishness is being so called antisocial, So yes,
1:21:50
Speaker 1: it is horrific. It destroys the capacity. I think it's
1:21:55
Speaker 1: what encourages and encourages. I think a lot of people
1:21:59
Speaker 1: are drawn and to nihilism, to narcissism, to hedonism because
1:22:05
Speaker 1: of that. They don't want to be altruistic. They don't
1:22:07
Speaker 1: want to be altruistic. They rebel against altruism. But when
1:22:11
Speaker 1: they rebel against altruism, all they've got left is to
1:22:14
Speaker 1: be a joke. It's to be a narcissist. It's to
1:22:18
Speaker 1: be an exploiter, it's to be a manipulator. But they'd
1:22:22
Speaker 1: rather be that than an altruism because altruism is boring.
1:22:24
Speaker 1: Altruism is, Altruism sucks. Altruism is not a life that's
1:22:29
Speaker 1: easy to see, and there's you can see why a
1:22:33
Speaker 1: life of manipulation, or life of quime, a life of
1:22:36
Speaker 1: Jeffrey Epstein seems appealing in comparison to altruism, and so
1:22:41
Speaker 1: they're drawn to that instead of drawing to a life
1:22:45
Speaker 1: of production, a life of egoism, a life of rationality,
1:22:48
Speaker 1: a life of reason, a life of They don't know
1:22:53
Speaker 1: that the option exists. They don't know that option exists,
1:22:56
Speaker 1: or even if they've been exposed to it, it doesn't
1:22:59
Speaker 1: really connect with them. It doesn't really, they don't completely
1:23:03
Speaker 1: understand it because of altruism's dominance in the culture. Altruism
1:23:11
Speaker 1: is affecting the culture. Is not just to make people altruistic,
1:23:15
Speaker 1: it's to make people reject altruism with all these evil ideologies.
1:23:22
Speaker 1: Thank you, Clark. I really appreciate that. Let's see another
1:23:27
Speaker 1: fifty dollars from James. This administration has adapted enforcement practice
1:23:32
Speaker 1: is so detached from constitutional limits and from the human
1:23:37
Speaker 1: beings affected by these malicious policies. The courts are going
1:23:40
Speaker 1: to have to climb down or they will be violent
1:23:43
Speaker 1: civil unrest. I mean, I definitely think the courts will
1:23:46
Speaker 1: have to climb down. They have to figure out how
1:23:48
Speaker 1: to do this. We've got this case in Minnesota where
1:23:51
Speaker 1: the judges said, you know, Ice has ignored the courts,
1:23:55
Speaker 1: and seventy nine different occasions, Ice has just ignored the courts.
1:23:59
Speaker 1: At some point that has to I don't know, bubble
1:24:02
Speaker 1: up to the to the to the higher courts, and
1:24:05
Speaker 1: the courts have to slap it down. I mean, we're
1:24:07
Speaker 1: still waiting for the Supreme Court to wool on tariffs.
1:24:09
Speaker 1: That's a good example of you know, practices that are
1:24:13
Speaker 1: that are unconstitutional and it seems like the quote is
1:24:16
Speaker 1: hesitant to actually knock them down or to rule against them.
1:24:22
Speaker 1: They've delayed they ruling now for weeks, really from for
1:24:26
Speaker 1: over a month. It was supposed to be ruled before
1:24:28
Speaker 1: New Year's so hard to tell what's going on in
1:24:32
Speaker 1: the Supreme Court. But at some point, yes, this is
1:24:34
Speaker 1: going to have to This is the courts are going
1:24:37
Speaker 1: to have to do something. And then the question is
1:24:40
Speaker 1: how do they enforce it? The question is what happens
1:24:42
Speaker 1: when Trump just continues to ignore it? And I don't
1:24:44
Speaker 1: know what the answer to that is. The courts don't
1:24:47
Speaker 1: have their own police. The courts don't have a way
1:24:51
Speaker 1: to enforce their rulings if the executive decides to ignore them. Again,
1:24:56
Speaker 1: the mechanisms is impeachment. If the as he gnows the court,
1:25:01
Speaker 1: Congress should impeach him. That's their job, that's the constitutional responsibility.
1:25:07
Speaker 1: But well they Alex, Alex is here at the conference.
1:25:16
Speaker 1: He's in his room somewhere watching this. Cool a great
1:25:19
Speaker 1: talk yesterday, says I hope it gets posted. Always, good
1:25:22
Speaker 1: to see you, thanks, Alex. Sadly they're not recording these talks,
1:25:27
Speaker 1: they're not videotaping. So now that I have this talk,
1:25:30
Speaker 1: I'll have to give it again somewhere where it's videotaped
1:25:33
Speaker 1: and we can get it out for greater distribution. It
1:25:38
Speaker 1: is a shame that it wasn't recorded. It's a shame
1:25:40
Speaker 1: it's not going to be out there, because, Yeah, I
1:25:43
Speaker 1: thought it was an interesting talk. I thought people could
1:25:45
Speaker 1: learn a lot from it, and I could probably refine
1:25:49
Speaker 1: it and make it better and give it somewhere on
1:25:53
Speaker 1: some occasion and get it taped. All right, We're now
1:25:59
Speaker 1: moving to dollar questions. We've got a few of those.
1:26:02
Speaker 1: Justin is the United States government somehow convinced the Fed
1:26:07
Speaker 1: and somehow convinced the Fed to issue them enough currency
1:26:11
Speaker 1: to pay off the government debt in full? Could you
1:26:15
Speaker 1: lead me through the logical chain as to how this
1:26:18
Speaker 1: would increase the real cost of milk? Yeah? I mean,
1:26:24
Speaker 1: so the total government debt today is thirty seven trillion dollars.
1:26:29
Speaker 1: So the government basically tells the FED, we will issue
1:26:35
Speaker 1: thirty seven trillion dollars worth of bonds and you the
1:26:39
Speaker 1: FED will buy them with cash, right, so that the
1:26:44
Speaker 1: government would then have thirty seven trillion dollars new dollars,
1:26:48
Speaker 1: completely new printed dollars. Now they won't be printed, they'll
1:26:50
Speaker 1: be electronic. But these are dollars that never existed anywhere
1:26:53
Speaker 1: else right now. The government would then take those dollars
1:26:57
Speaker 1: and basically send them to bondhold They would buy back
1:27:01
Speaker 1: all the bonds of the people holding that debt. So
1:27:05
Speaker 1: suddenly a bunch of people all over the world, but
1:27:08
Speaker 1: mainly Americans, would suddenly have thirty seven trillion more dollars
1:27:13
Speaker 1: literal money. Now they could take that money and they
1:27:20
Speaker 1: buy stocks with it. They might make investments with it,
1:27:23
Speaker 1: they might buy they won't buy government bonds because let's
1:27:25
Speaker 1: say government bond market is not shut because we've paid
1:27:28
Speaker 1: off all the debt that money now, or they might
1:27:31
Speaker 1: just put in the bank. Now, if they put it
1:27:34
Speaker 1: in bank, the bank has that money in the bank
1:27:37
Speaker 1: and then lend it out to people who might want
1:27:40
Speaker 1: to buy cars, might want to buy homes, and you know,
1:27:45
Speaker 1: that money might be might be invested. But the people
1:27:49
Speaker 1: who sell, the people who have the new money their stocks,
1:27:54
Speaker 1: will now have more money to go out and buy
1:27:56
Speaker 1: groceries and buy all kinds of other stuff. Only people
1:28:00
Speaker 1: feel like there's thirty seven trillion more dollars circulating around
1:28:06
Speaker 1: in the economy and some of those people, not all
1:28:10
Speaker 1: of them, some of them. Some of that money will
1:28:12
Speaker 1: become bank reserves and won't budge, but much of that
1:28:15
Speaker 1: money will start circulating in the economy, and by circulating
1:28:18
Speaker 1: the economy, ultimately people start buying stuff. Now as demand
1:28:24
Speaker 1: for goods goes up as the amount of money chasing
1:28:27
Speaker 1: a fixed amount of goods, because the number of goods
1:28:29
Speaker 1: is not going up. The number of goods is fixed
1:28:32
Speaker 1: because the number of goods assumed a certain amount of
1:28:35
Speaker 1: money from before, and suddenly this thirty seven trillion more
1:28:38
Speaker 1: prices would start ratching it up in order to meet
1:28:42
Speaker 1: the you know, as if demand exceeds supply, prices go up.
1:28:46
Speaker 1: So prices of goods would start going up, and that's
1:28:49
Speaker 1: what creates a price inflation in the economy. So stocks
1:28:53
Speaker 1: would go up because people would buy stocks. But it
1:28:56
Speaker 1: won't be only stocks, because if every stock you buy
1:28:59
Speaker 1: drive the price up, somebody is selling, right, and the
1:29:02
Speaker 1: person who's selling now has cash. What do they do
1:29:05
Speaker 1: with the cash? They could easily go out into the
1:29:07
Speaker 1: marketplace and buy a new stereo, buy a new TV,
1:29:10
Speaker 1: buying new buy by, buy food, go to nice restaurants,
1:29:13
Speaker 1: whatever it is they do. But as they demand increases
1:29:16
Speaker 1: on the goods that are available, their prices will go up,
1:29:20
Speaker 1: and that's that's inflation. And it would go up a
1:29:23
Speaker 1: lot because thirty seven trillion, I don't know what the
1:29:25
Speaker 1: current total supply of dollars is, but thirty seven trillion
1:29:31
Speaker 1: is a lot of money. It's a lot of money.
1:29:34
Speaker 1: So that would drive up inflation. It would drive down
1:29:38
Speaker 1: the value of the dollar because they'd be more dollars,
1:29:41
Speaker 1: so their value in terms of other commencies of every
1:29:43
Speaker 1: dollar in circulation would be lower. But that would drive
1:29:47
Speaker 1: up inflation a lot. That would be hyperinflation. You would
1:29:52
Speaker 1: get inflation of in the in the I don't have
1:29:56
Speaker 1: a number because I don't know what the what the bases,
1:29:59
Speaker 1: but it would be double digit, easily double digit inflation,
1:30:02
Speaker 1: maybe more than that for a while, until that the
1:30:05
Speaker 1: thirty seven trillion had circulated into the economy, had priced
1:30:10
Speaker 1: everything up. All prices went up, and assuming the Fed
1:30:13
Speaker 1: wasn't doing any more of this, wasn't buying any more
1:30:15
Speaker 1: of the government wasn't putting any more money, and then
1:30:17
Speaker 1: there'd be a new level of prices, you know, and
1:30:22
Speaker 1: things would stabilize at some new level, some new plateau
1:30:27
Speaker 1: of prices. But yes, a sudden increase in the money
1:30:32
Speaker 1: supply of thirty seven trillion dollars would dramatically increase the
1:30:36
Speaker 1: cost of pretty much everything. Thank you, justin let me
1:30:42
Speaker 1: know if that answered the question. JMA. Many opposed capitalism
1:30:48
Speaker 1: as morally selfish. Well, it's defenders emphasize economic outcomes like
1:30:52
Speaker 1: lower prices and higher quality. Why not defend it on
1:30:55
Speaker 1: moral grounds of individual happiness regardless of the economic results. Yeah,
1:30:59
Speaker 1: I agree, That's what I do, right. Capitalism is moral
1:31:03
Speaker 1: because selfishness is moral. Capitalism is moral because selfishness is good.
1:31:09
Speaker 1: Capitalism is moral because capitalism makes it possible for moral
1:31:16
Speaker 1: people to achieve their happiness. Capitalism is good because it
1:31:20
Speaker 1: is consistent. It is consistent with with you know, human happiness.
1:31:34
Speaker 1: It's consistent with uh whoops, once said, I mean you
1:31:40
Speaker 1: need to do a copy paste. Yeah, it's consistent with
1:31:44
Speaker 1: the freedom of the individuals to use their minds to
1:31:48
Speaker 1: pursue their values to achieve their happiness. That's the essential
1:31:53
Speaker 1: characteristic of capitalism, and that's what's necessary for morale, for happiness,
1:32:00
Speaker 1: and that's essentially what morality is all about. It's about
1:32:03
Speaker 1: pursuing your happiness. It's about using your mind in pursuit
1:32:06
Speaker 1: of your happiness, so in pursuit of your life, which
1:32:10
Speaker 1: is ultimately the goal of happiness. So absolutely, that is
1:32:14
Speaker 1: the way to defend capitalism. That's what we try to do.
1:32:16
Speaker 1: The economics matter because the reality is that wealth is
1:32:20
Speaker 1: a part of that pursuit of happiness. The ability to
1:32:23
Speaker 1: pursue whatever job you want to start, what a company
1:32:26
Speaker 1: you want to innovate, all part of the pursuing happiness.
1:32:29
Speaker 1: So the economic side of it, the economic freedom side
1:32:31
Speaker 1: of it, is essential. But yeah, capitalism is moral because
1:32:36
Speaker 1: it leaves people free to pursue their selfish values. And
1:32:40
Speaker 1: then you have to defend selfishness. And that's where the
1:32:44
Speaker 1: rubber hits the road. And that is what makes the
1:32:47
Speaker 1: defense of capitalism difficult, because it's easy, relatively easy, to
1:32:53
Speaker 1: convince people about economic issues. Relatively not easy. It's really
1:33:03
Speaker 1: hard to change people's minds about morality by ethics because,
1:33:12
Speaker 1: as I said earlier, altruism has been so ingrained in us,
1:33:16
Speaker 1: so pounded into our souls by the culture, by our philosophers,
1:33:21
Speaker 1: by our teachers, by our mothers, by our preachers, by everybody.
1:33:25
Speaker 1: So yeah, great question, and the answer is we should
1:33:28
Speaker 1: absolutely not, regardless of economic results, because because imagine if
1:33:34
Speaker 1: capitalism destroyed wealth and we all got poorer, well, then
1:33:40
Speaker 1: there'd have to be a flaw in the system. We'd
1:33:42
Speaker 1: have to say something is wrong. The maral is the practical.
1:33:45
Speaker 1: The practical is the mal. Part of what makes capitalism
1:33:49
Speaker 1: al is it enhances human life. Enhances human life, not
1:33:52
Speaker 1: just by leaving people free to be selfish, but it
1:33:54
Speaker 1: enhances human life by the fact that when people are
1:33:57
Speaker 1: free and selfish, their lives get better materially as well
1:34:00
Speaker 1: as spiritually. So it's all integrated. It's all one, all right, Charles,
1:34:06
Speaker 1: about what's another review? Which I will start getting to
1:34:10
Speaker 1: those reviews when I get home after this trip, so
1:34:12
Speaker 1: in a week and a half, maybe two weeks on
1:34:14
Speaker 1: the weekend. In two weeks, I'll start doing reviews. Please
1:34:18
Speaker 1: review Star Trek Deep Space nine, Season one, episode nineteen duets.
1:34:23
Speaker 1: All right, I hear Deepstrade nine is really really good,
1:34:27
Speaker 1: So looking forward to the reviewing that one. Okay, Rand,
1:34:35
Speaker 1: Rand says, Hey, Ron, a few weeks ago you said
1:34:40
Speaker 1: we should avoid tribalism and numbers in politics to create change.
1:34:45
Speaker 1: I disagree. Real change requires politics. For example, in Australia,
1:34:50
Speaker 1: passing laws require seventy six MP's thirty nine senators. Thank
1:34:54
Speaker 1: you for the hard work and clarity. Real change requires politics, Yes,
1:35:00
Speaker 1: it does require politics. The question is how much resource
1:35:05
Speaker 1: is to devote to politics, you know, So first, avoid
1:35:09
Speaker 1: tribalism by all costs. To avoid tribalism, tribalism will not
1:35:13
Speaker 1: be about change. Tribalism will being our destruction. You will
1:35:17
Speaker 1: not gain. You will not gain with tribalism. You need numbers.
1:35:23
Speaker 1: You need numbers that want to passibility, You need numbers
1:35:25
Speaker 1: that want to get to win elections. But that's not tribalism.
1:35:28
Speaker 1: Tribalism is the adherence to the tribe. It's following them
1:35:32
Speaker 1: in everything. And the tribes as they exist today are
1:35:35
Speaker 1: all evil. They're all wrong. So whichever tribe you affiliate with,
1:35:40
Speaker 1: you're going to support evil ideas, some good ideas and
1:35:42
Speaker 1: many evil ideas. You shouldn't do that. You should fight
1:35:46
Speaker 1: for political changes on the particulars. And to fight for
1:35:51
Speaker 1: political changes in the particular it requires you to convince
1:35:53
Speaker 1: a lot of people. Now, I say avoid politics for
1:35:56
Speaker 1: most of you, because most of the time politics is
1:35:59
Speaker 1: a losing proposition. It's hard, it's a diversion from your
1:36:04
Speaker 1: regular life. It's it's not particularly enjoyable, and we lose
1:36:08
Speaker 1: most of the time. But if you like politics, if
1:36:11
Speaker 1: you if you're interested in politics, if you if there's
1:36:15
Speaker 1: a particular issue you want to fight on, go for it.
1:36:17
Speaker 1: And to do that, you absolutely need numbers. You absolutely
1:36:22
Speaker 1: need to convince a lot of people. You need to
1:36:23
Speaker 1: win the elections. You need to you need to get
1:36:25
Speaker 1: the votes. And but you don't do that by compromising.
1:36:28
Speaker 1: And you don't do that by by by endorsing evil ideas.
1:36:33
Speaker 1: If you do do it by endorsing evil ideas, then
1:36:35
Speaker 1: you ultimately undermine whatever success you achieve. So if that
1:36:41
Speaker 1: point didn't come across when I first talked about it,
1:36:44
Speaker 1: hopefully this was a corrective. Thank you, Randell Stalling, Randall, Stalling, Randall, Randall.
1:36:54
Speaker 1: Sorry the way it's presenting on screen, it's hard for
1:36:57
Speaker 1: me to read. Michael. Have you been on ICE's recruitment website.
1:37:01
Speaker 1: It's largely racist dog whistles. The nation that stormed the
1:37:05
Speaker 1: beaches of Normandy, the most powerful government in the world,
1:37:08
Speaker 1: is now mainstreaming white supremacy. Yeah, it's disgusting. I haven't
1:37:11
Speaker 1: been on that website. I'll look at it, but it's disgusting.
1:37:14
Speaker 1: It's absolutely disgusting. You know, it's one thing to have
1:37:17
Speaker 1: racists out there in the world. It's something completely different
1:37:19
Speaker 1: when the government sanctions those racists, reinforces that racism, embraces
1:37:24
Speaker 1: that racism, advertises that racism, institutionalizes that racism. Now again,
1:37:29
Speaker 1: I don't think this represents the majorities. I think I think,
1:37:34
Speaker 1: you know, if this administration can be can be defeated,
1:37:39
Speaker 1: then maybe they will change their tone if this, if
1:37:44
Speaker 1: this administration can be can be defeated, maybe we can
1:37:49
Speaker 1: maybe we can reverse this trend in the future. But
1:37:52
Speaker 1: but yeah, I mean, everything about ICE is all about
1:37:55
Speaker 1: skin color. It's all about xenophobia. It's fundamentally a racist
1:38:00
Speaker 1: agenda that they're pursuing. Why why are they Why are
1:38:03
Speaker 1: they escalating in Minneapolis? The escalating Minneapolis because Somalis and
1:38:08
Speaker 1: Somalis are black and and this is completely consistent with
1:38:17
Speaker 1: the whole Heritage American notion of the New Rights the
1:38:22
Speaker 1: JD Vans, the JD Vans right, the Steven Miller Wright,
1:38:26
Speaker 1: which is all about heritage Americans. Yeah, the Somalis are
1:38:29
Speaker 1: not heritage Americans. The the opposite, and therefore they are
1:38:31
Speaker 1: they are the target. They're going to be the target
1:38:33
Speaker 1: of abuse. They don't help themselves with the fraud, but
1:38:36
Speaker 1: they are plenty of faut. As I've said, there's plenty
1:38:38
Speaker 1: of welfare fraud in basically every American state. Welfare is
1:38:42
Speaker 1: rife of flawed, particularly the welfare that was handed out
1:38:47
Speaker 1: during COVID. And yet we go after the Somali more
1:38:51
Speaker 1: than we go after the fad that was an out
1:38:53
Speaker 1: of Mississippi and the fraud that was announced in California
1:38:56
Speaker 1: and other places. It's everywhere. You can't avoid fraud when
1:38:59
Speaker 1: you have a welfare state as big as ours, disorganized
1:39:06
Speaker 1: and easily easy to manipulate. His ouse, James, The future
1:39:13
Speaker 1: is not something you wait for, it's something you create. Yes, yes,
1:39:19
Speaker 1: that is the right attitude. The future is something you create,
1:39:22
Speaker 1: and your soul is not something you wait for. The
1:39:25
Speaker 1: soul is something you create, your destiny, your character. It's
1:39:28
Speaker 1: all about self creation. Life is about what you create,
1:39:33
Speaker 1: what you build, what you make in yourself and in
1:39:35
Speaker 1: the world out there. The rest you can't control. That's
1:39:39
Speaker 1: what you can control. Ryan, Have you looked into master
1:39:44
Speaker 1: class as a way to broaden you reach. Peter Tia
1:39:47
Speaker 1: has a class I am watching. Maybe the revenue would
1:39:51
Speaker 1: not be worth the time. Yeah, I'll have to check
1:39:53
Speaker 1: it out. And I don't know if anybody can do
1:39:56
Speaker 1: a master class on their platform, if you can just
1:39:59
Speaker 1: rent it, I don't know what it's like, but I'll
1:40:03
Speaker 1: check it out. You know, I get paid well when
1:40:06
Speaker 1: I do Peterson Academy stuff, and there might be other
1:40:09
Speaker 1: opportunities like that in the future. But yeah, I'll look
1:40:13
Speaker 1: for anything where I can teach and increase revenue. Revenue
1:40:17
Speaker 1: is good, Moulten splendor. I'm also embarrassed for my country.
1:40:22
Speaker 1: Did you see the travel advisory from Germany's federal Foreign
1:40:26
Speaker 1: office wanting its citizens to exercise increased caution traveling through
1:40:30
Speaker 1: the United States and avoid cities such as Minneapolis. True
1:40:34
Speaker 1: but sad, Yeah, it really is. I mean when European
1:40:38
Speaker 1: countries are putting travel advisories in the United States. And
1:40:42
Speaker 1: you know, some of this is exaggerated needling of the
1:40:46
Speaker 1: Trump administration, but a lot of it's true. We are
1:40:49
Speaker 1: now antagonistic and inhospitable to fallen US. And if you
1:40:54
Speaker 1: have an accent, ice could have harassed you. Why do
1:40:57
Speaker 1: you have an accent, Show me your passport? Are you here?
1:41:00
Speaker 1: What are you doing here? Are you legal? Show me
1:41:03
Speaker 1: your papers? Was your visa accent? Skin color accent? This
1:41:11
Speaker 1: country is now uh And and and by the way,
1:41:14
Speaker 1: tourism from Europe, tourism from Canada, tourism from Asia have
1:41:18
Speaker 1: all plummeted, particularly Europe and Canada plummeted last year, and
1:41:22
Speaker 1: they will continue to plummet this year. We are antagonizing
1:41:28
Speaker 1: the rest of the world for no reason. That's that's
1:41:31
Speaker 1: the real sad part of it is, there's no reason
1:41:34
Speaker 1: for this. Zero, nada, nothing, bread bread pants. Uh. Withstanding
1:41:55
Speaker 1: the propaganda and projection of Fox, without an unshakable certainty
1:42:00
Speaker 1: in your own reason, seems impossible for average people. The
1:42:04
Speaker 1: static Trump supporter numbers seem to be direct, directly tied
1:42:09
Speaker 1: to viewership. Yeah, I think that's probably right. It's it's Fox,
1:42:12
Speaker 1: and there's a lot of other right wing media companies.
1:42:16
Speaker 1: And there's Tucker, and there's Candae and there's Nick Foinis
1:42:19
Speaker 1: and there's just a lot of influencers in that universe. Uh,
1:42:24
Speaker 1: Fox is the one that appeals to older viewers. It's
1:42:26
Speaker 1: it's it's it's part of Trump's base. Trump is losing
1:42:31
Speaker 1: many young viewers who have more options, and is maintaining
1:42:35
Speaker 1: his popularity among older viewers because they're they're so fixated
1:42:39
Speaker 1: on Fox and people like Tucker. So yeah, I think
1:42:43
Speaker 1: that's absolutely right, and it's it's it's a disgrace. Fox
1:42:48
Speaker 1: is a disgrace. It has been a disgrace for many,
1:42:49
Speaker 1: many years. It has been a disgrace since they suddenly
1:42:52
Speaker 1: since they banned me from appearing on Fox A j.
1:43:00
Speaker 1: What kind of music do you like, doctor Brook? Anything
1:43:03
Speaker 1: interesting in Israeli music scene? I love classical music. I've
1:43:06
Speaker 1: said this many times. My favorite music by Fars classical music.
1:43:10
Speaker 1: I love a whole variety of classical music, but made
1:43:13
Speaker 1: in nineteenth century classical music. You know, that's the main
1:43:19
Speaker 1: music that I listen to and embrace. I don't know
1:43:24
Speaker 1: if there's anything interesting in these early music scene. I'm
1:43:26
Speaker 1: not coming in these raearly music scene. I'm not coming
1:43:29
Speaker 1: to any music scene really. I like Israeli music on
1:43:33
Speaker 1: the seventies and eighties. That's my music, the music I
1:43:35
Speaker 1: grew up with, and I love that music. But I'm
1:43:39
Speaker 1: not up to speed on Israeli music of today today.
1:43:52
Speaker 1: COOK starting to worry that even if President Grandpap and
1:43:58
Speaker 1: acts regime changeing it on, he might let the worst
1:44:01
Speaker 1: people in the world decide what replaces it. Yeah, and
1:44:05
Speaker 1: he's hostile to the son of the Shah, who seems
1:44:07
Speaker 1: to be a decent guy. And I think Trump's a
1:44:12
Speaker 1: way of doing things is he cuts a deal with
1:44:14
Speaker 1: a general in Iran to establish a military dictatorship and
1:44:18
Speaker 1: run things, gets rid of the Mullahs, provides oil to
1:44:23
Speaker 1: the United States with money flowing into a bank accounting Kato,
1:44:27
Speaker 1: which Trump gets a percentage of, and becomes a becomes
1:44:31
Speaker 1: a puppet of the United States and does not established
1:44:34
Speaker 1: freedom to establishes I mean something better, I guess in
1:44:37
Speaker 1: the Islamic regime. But where freedom is possible for the
1:44:41
Speaker 1: Iranian people, I think Trump might what is it, rescue
1:44:46
Speaker 1: freedom from the clutches of authority, I don't know, rescue
1:44:49
Speaker 1: with it anyway, bring about authoritarianism when it could be
1:44:52
Speaker 1: a free country. Yes, Generally, even when Trump does something
1:44:55
Speaker 1: that looks good, it's gonna have a bad outcome. Clock
1:45:03
Speaker 1: Socialism doesn't eliminate greed. It redirects it from market competition
1:45:08
Speaker 1: to political competition. Yeah, I mean, I think that's right,
1:45:11
Speaker 1: but it It really depends on what you mean by
1:45:13
Speaker 1: greed and and and how you define greed. If you
1:45:16
Speaker 1: define greed as just wanting more, more power, more money,
1:45:20
Speaker 1: then yeah, that's true. I I if it's a neutral
1:45:24
Speaker 1: term like that, so uh it it it. It certainly
1:45:28
Speaker 1: can be attributable to political competition as well. But socialism
1:45:38
Speaker 1: eliminates true selfishness. What it promotes is powerless and uh
1:45:45
Speaker 1: and exploitation. And some are the exploiters and some of
1:45:48
Speaker 1: the ones that are some are being exploited and some
1:45:50
Speaker 1: are doing the exploiting. But what it does is maximizing
1:45:54
Speaker 1: it maximize exploitation on both sides of that transaction. WHOA
1:46:00
Speaker 1: lots of questions, little time? Okay, Kim, Almost done with
1:46:05
Speaker 1: Leonard's Founders of Western Philosophy. It's a great book. Looking
1:46:09
Speaker 1: for more philosophy, Book recommendations. I'm not at my library,
1:46:16
Speaker 1: so I can't just pull the books out to show you.
1:46:19
Speaker 1: You'll have to ask this question again when I'm back
1:46:21
Speaker 1: in my studio with a bookcase behind me and the
1:46:24
Speaker 1: books I can pull out make some recommendations for you. Clark.
1:46:29
Speaker 1: Are the courts almost as afraid of Trump as Congress is?
1:46:34
Speaker 1: We'll see I mean, we don't know yet, but I
1:46:37
Speaker 1: hope not, and I don't think so. I don't think so. Certainly,
1:46:41
Speaker 1: the lower courts have not shown that they are. We'll
1:46:44
Speaker 1: see if the Supreme Court is or not. We'll find
1:46:46
Speaker 1: out that out in the next few days weeks. I
1:46:49
Speaker 1: hope not. James, is there an appetite in the West
1:46:54
Speaker 1: for deregulation ironic since we're moving towards fascism in every
1:46:58
Speaker 1: other sense? They might because I think in Europe at least,
1:47:02
Speaker 1: there's a realization that regulation is what is killing them
1:47:05
Speaker 1: economically and what's making them uncompetitive in the world economy.
1:47:10
Speaker 1: In the United States, at least in certain realms and energy,
1:47:13
Speaker 1: for example, there's a lot of deregulation happening, and that's
1:47:17
Speaker 1: part of the agenda of this administration. So there's a
1:47:20
Speaker 1: real belief. So, yes, we're gaining more control over parts
1:47:24
Speaker 1: of life and loosening controls in other parts of life.
1:47:27
Speaker 1: I believe that the loosening is temporary and only is
1:47:31
Speaker 1: going to be there as long as it serves the
1:47:34
Speaker 1: authoritarians purposes. It's not there for on the principle of freedom,
1:47:39
Speaker 1: but it's there for their purposes. To appear for the
1:47:44
Speaker 1: economy to do well because it's part of how they
1:47:47
Speaker 1: built their legitimacy. Bolton Splendor another fifty dollars, thank you.
1:47:51
Speaker 1: Bolton Splendor isn't earlier. In an earlier episode, you mentioned
1:47:55
Speaker 1: the importance of the incremental steps such as tuition vultures
1:47:58
Speaker 1: for private schools because they are in the right direction
1:48:02
Speaker 1: of a goal of one hundred percent elimination. Small incremental
1:48:06
Speaker 1: movements by the government have the same goal, yes, if
1:48:09
Speaker 1: they're consistent in principle, that is, if they are targeted
1:48:15
Speaker 1: towards a goal or purpose something. A lot of times
1:48:21
Speaker 1: the small incrementals are the dead ends. They're just incrementals
1:48:24
Speaker 1: and nothing happens after that, and indeed sometimes they reverse back.
1:48:28
Speaker 1: So the people implementing in order to really be good,
1:48:33
Speaker 1: the people implementing the small steps have to know where
1:48:37
Speaker 1: they're heading, have to know what the ultimate purpose is,
1:48:40
Speaker 1: what the ultimate purpose is And yeah, so sorry, Wai.
1:48:52
Speaker 1: I wouldn't want to take every small step the government
1:48:54
Speaker 1: does that is good as leading towards something very very positive.
1:48:59
Speaker 1: When that's it, it's going to end at that small
1:49:02
Speaker 1: step and there's no focus on something more. And that
1:49:04
Speaker 1: for small depths can be easily reversed. Steve O. What
1:49:09
Speaker 1: economic system is there in the United States. It's called
1:49:12
Speaker 1: a mixed economy, a mixture of capitalism and statism. You'd
1:49:18
Speaker 1: fail in the citizenship because, of course it is a
1:49:22
Speaker 1: capitalist economy. No, it's not a capitalist economy, so you
1:49:25
Speaker 1: would be the one failing in the citizenship test, James.
1:49:29
Speaker 1: To be godly is to have the power to transgress
1:49:33
Speaker 1: the bounds of the universe. To be manly is to
1:49:36
Speaker 1: have no need to That is interesting, That's good, okay, Liam.
1:49:43
Speaker 1: Know you're worth, so other people can't decide it for you.
1:49:48
Speaker 1: Definitely know your worth, stand for your worth, defend your worth,
1:49:53
Speaker 1: and and and and have the self esteem you know,
1:49:56
Speaker 1: basically self esteem. That's what it means. Kim. Do you
1:50:00
Speaker 1: I think Trump actually wrote or he had Ai writers? Well,
1:50:04
Speaker 1: I don't think he wrote it, and I don't think
1:50:05
Speaker 1: he had Ai write it. I think he had his
1:50:07
Speaker 1: advisors write it. And his advisors are not artificial and
1:50:11
Speaker 1: they're non intelligent. Uh, Liam, astonishing to witness American nazifying
1:50:18
Speaker 1: before eyes, Okay, a little bit. I mean we're not
1:50:23
Speaker 1: We're not They're not Nazis yet. I mean, Trump is
1:50:25
Speaker 1: not ideological. What's going on is bad, but it's not.
1:50:29
Speaker 1: They're not Nazis yet, Hopper. Are they card carrying Nazis
1:50:35
Speaker 1: in the Trump adminstration. Maybe they keep the cards hidden,
1:50:38
Speaker 1: but they're there, But they're there. Yes, I think there
1:50:41
Speaker 1: are some, maybe not Nazi Nazis, but racist, nationalist, authoritarian types. Absolutely.
1:50:47
Speaker 1: You can see that in the text and the emails
1:50:50
Speaker 1: of our young staffers and young Republicans going back and forth.
1:50:54
Speaker 1: And somebody said that about thirty to forty percent of
1:50:58
Speaker 1: young Republican staff at the White House are part of
1:51:01
Speaker 1: this new right, which is not quite Nazis but pretty
1:51:03
Speaker 1: close and them. You said you want people brave enough
1:51:09
Speaker 1: to be arrested but not really objectivists. Is the left
1:51:13
Speaker 1: basically objectivists muscle on the anti ice activism? No, I
1:51:20
Speaker 1: didn't say I wanted people brave enough to be arrested,
1:51:23
Speaker 1: but not objective, not really objectivists. I don't. I don't
1:51:25
Speaker 1: think I said that. Maybe I did. I don't think
1:51:28
Speaker 1: I said that. No, I don't. I don't want to
1:51:29
Speaker 1: exploit other people for you know, I'm glad that the
1:51:32
Speaker 1: left is fighting this. It's not objectivism's muscle. We're not
1:51:38
Speaker 1: guiding anything. We're not encouraging anything. Really, they don't listen
1:51:41
Speaker 1: to us. I'm glad I prefer America that is fifty
1:51:46
Speaker 1: to fifty left right, then ninety left or ninety rights.
1:51:51
Speaker 1: Fifty to fifty keeps them in balance. And I'm glad
1:51:54
Speaker 1: that the that the left is brave enough to go
1:51:56
Speaker 1: out into the streets and challenge when it goes nuts.
1:52:01
Speaker 1: And I hope that the right is brave enough to
1:52:03
Speaker 1: go into the streets and challenge the left when the
1:52:05
Speaker 1: left goes nuts. The problem is that then they start
1:52:08
Speaker 1: going into the streets, even when it's not about a
1:52:13
Speaker 1: nutting policy like January sixth. They got into the streets
1:52:17
Speaker 1: just to defend their own position, and they're willing to
1:52:19
Speaker 1: engage in violence for it. Hapa, Nazism was a product
1:52:24
Speaker 1: of colonial Europe's last breath, and then Europe evolved, the
1:52:28
Speaker 1: US never truly evolved. That's changed cosmetics. Well, I think
1:52:32
Speaker 1: you need to redominant parallels, and Nazism is a consequence
1:52:35
Speaker 1: of bad philosophy, bad ideas, and those bad ideas have
1:52:41
Speaker 1: not disappeared. They've not disappeared from Europe, even they've not
1:52:44
Speaker 1: disappeared for the United States. Europe is more reluctant to
1:52:48
Speaker 1: embrace them because they remember where they led the last time.
1:52:52
Speaker 1: The United States never embraced them, so they don't know,
1:52:55
Speaker 1: they don't have firsthand experience within American history lead to
1:53:01
Speaker 1: and therefore they seem to be more more willing to
1:53:07
Speaker 1: embrace them, more available to be embraced, don't you, Avir jagorithm.
1:53:12
Speaker 1: Tens of thousands of people are out in one of
1:53:14
Speaker 1: the worst winters we've had in years, just to protest
1:53:18
Speaker 1: ice good. The American people are becoming more and more
1:53:21
Speaker 1: horrified by what Trump is moving us into. Yes, I
1:53:24
Speaker 1: think the election in a Republican district in Texas just
1:53:28
Speaker 1: showed that they're not. The American people are still independent
1:53:31
Speaker 1: enough that when the governor is doing something that they
1:53:34
Speaker 1: find clearly offensive and clearly bad, they're going to vote
1:53:37
Speaker 1: against it and they're going to rebel against it. And
1:53:39
Speaker 1: you saw them in Texas, and you're seeing them in Minnesota,
1:53:42
Speaker 1: and and good for them, I mean, in that sense,
1:53:45
Speaker 1: it's exciting to watch Steve O. What are the differences
1:53:49
Speaker 1: among irrational, immaal and evil acts. If somebody allows themselves
1:53:53
Speaker 1: to become sick by intentionally not eating, is he all three. Well,
1:53:58
Speaker 1: I mean generally the evil is irrational and evil is
1:54:04
Speaker 1: just the degree of immorality. Evil is extremely immol. Right,
1:54:08
Speaker 1: So you can be moral but not evil, But every
1:54:12
Speaker 1: evil person is immol because evil by definition is imol
1:54:16
Speaker 1: and every immoral action and every evil action or everymall person,
1:54:21
Speaker 1: every evil person, every maral evil act is an irrational act. Now,
1:54:26
Speaker 1: somebody who makes himself sick on purpose, yes, it's certainly
1:54:30
Speaker 1: immoral and irrational and potentially evil, depending on exactly the motivation,
1:54:35
Speaker 1: exactly what's going on, but certainly irrational in imol that
1:54:39
Speaker 1: would suddenly be both of those. Not vi jagorithm is
1:54:43
Speaker 1: MAGA collapses. If MEGA collapses dramatically, will free market people
1:54:48
Speaker 1: be able to swarm in and pick up the pieces
1:54:50
Speaker 1: like melay or successful at doing well? It's not, you know, Gene,
1:54:53
Speaker 1: it's not clear right because MEGA collapses is an ideology.
1:54:57
Speaker 1: But the people are still sick people, sick people, irrational people,
1:55:03
Speaker 1: completely irrational, So what MEGA will collapse into some other irrationality.
1:55:07
Speaker 1: It's unlikely that free market is going to swoop in
1:55:11
Speaker 1: and attract the people who are attracted to MAGA. They're
1:55:14
Speaker 1: not going to be attracted to rationality or reason or
1:55:17
Speaker 1: anything like that, they'll jump on another bandwagon, or they'll
1:55:21
Speaker 1: exit politics altogether. I don't think that people who are
1:55:25
Speaker 1: committed to MAGA are salvagible, and so there's not enough
1:55:31
Speaker 1: room yet. Things are not bad enough yet for Malaya
1:55:36
Speaker 1: character in the United States, like numbers, are you not going?
1:55:42
Speaker 1: Are you not going? Just a bit end cap between
1:55:45
Speaker 1: disobeying ICE, calling basic vetting authoritarian and abolishing young folks
1:55:52
Speaker 1: for joining OTC. No, I'm not absolutely not. I've made
1:55:58
Speaker 1: a clear distinction between ICE and the regular police. I'm
1:56:02
Speaker 1: not calling for anarchy. I'm not calling for this obeying
1:56:05
Speaker 1: all government laws. I'm just saying this is particularly evil,
1:56:08
Speaker 1: just like Jim Crow laws were particularly evil and shouldn't
1:56:12
Speaker 1: have been abated and should have been demonstrated. And I
1:56:16
Speaker 1: think this is in the same category. You know, I
1:56:20
Speaker 1: didn't call basic vetting authoritarian. I said there's an argument
1:56:24
Speaker 1: that vetting isn't you know, in a completely free society,
1:56:30
Speaker 1: real vetting is a violation of rights. But you know,
1:56:34
Speaker 1: I'm happy to move to a system where we vet,
1:56:37
Speaker 1: where we vet people, and that's all that we do.
1:56:39
Speaker 1: That would be a huge improvement over what we have today.
1:56:42
Speaker 1: I'm not in vetting. And by the way, open immigration
1:56:46
Speaker 1: with no vetting is not in an end cap position.
1:56:48
Speaker 1: I mean Jope believes in immigration constrict restraints, so does
1:56:53
Speaker 1: Dave Smith. So to many of the end caps they
1:56:56
Speaker 1: believe in restricting immigration. I'm not a monishing young folks
1:57:00
Speaker 1: from joining UTC. I'm just warning them that they are
1:57:04
Speaker 1: now joining a military run by irrational people. If politics
1:57:09
Speaker 1: were rational, in a rational world, I would encourage people
1:57:12
Speaker 1: to go to RTCA and encourage people to join the
1:57:13
Speaker 1: military and to defend a great country. Is it worth
1:57:18
Speaker 1: defending right now? And is it worth putting your life
1:57:21
Speaker 1: at risk when the people running it don't care about
1:57:23
Speaker 1: your life? That would now be the case in an
1:57:26
Speaker 1: ideal society. Michael, it seems Trump's handlers are trying to
1:57:31
Speaker 1: keep a dementia patient comfortable with familiar surroundings. Well, I
1:57:36
Speaker 1: don't know if that's the case. Right. He's traveling all
1:57:38
Speaker 1: over the world, he meets people all the time, he's
1:57:41
Speaker 1: in social events constantly, he's in front of the press constantly.
1:57:44
Speaker 1: It doesn't seem like they're trying to shield him from
1:57:47
Speaker 1: the public or from the press like they did for Obama,
1:57:50
Speaker 1: So no, I don't that's not my interpretation of what's
1:57:53
Speaker 1: going on. Newly, than, what if Ukraine was a strong
1:58:00
Speaker 1: as Israel, Well, then the war would have been over
1:58:04
Speaker 1: a long time ago, and Russia would have been kicked
1:58:06
Speaker 1: out of Ukraine, Clark, all second rate objectives intellectuals leave
1:58:13
Speaker 1: a ri I and end up supporting Trump and getting
1:58:16
Speaker 1: hired by Craig Biddle. I don't know who got hired
1:58:19
Speaker 1: by Craig Biddle. I don't know. I don't know if
1:58:21
Speaker 1: that's true. Some second rate objectives do, but not all
1:58:25
Speaker 1: of them. Newly, then what if the Vatican pope was
1:58:31
Speaker 1: more like the Kremlin's curol. I don't know what about that?
1:58:39
Speaker 1: I don't get that. I don't get the question the
1:58:42
Speaker 1: rugged communitarian. The cancelation of ideas is not the competition
1:58:46
Speaker 1: of ideas. It's the opposite. The way to compete is
1:58:49
Speaker 1: by making better arguments. Sure, I'm not canceling any ideas.
1:58:54
Speaker 1: I'm just not platforming those ideas on my platform. Every
1:58:57
Speaker 1: platform gets to decide what ideas to platform. Ideas are
1:59:00
Speaker 1: not worthy of being platforms. That that doesn't mean there
1:59:04
Speaker 1: isn't a platform where those ideas will be will be
1:59:06
Speaker 1: presented some ideas, by the way, it should be ignored.
1:59:09
Speaker 1: Like I can think of a lot of ideas that
1:59:11
Speaker 1: it's it's a waste of your time to count to
1:59:14
Speaker 1: them because they're so stupid, they're so irrational, they're soly moral,
1:59:17
Speaker 1: they're so evil that there's no point in even bothering. Right,
1:59:21
Speaker 1: do you really need to make an argument about the
1:59:24
Speaker 1: pedophilia is bad? Do we really need to get in
1:59:26
Speaker 1: that argument? Do we really have to have a debate now?
1:59:29
Speaker 1: I mean pedophiles, I don't want I would never have
1:59:32
Speaker 1: a pedophile on my show. I'm not going to have
1:59:34
Speaker 1: a racist on my show. I'm not going to have
1:59:37
Speaker 1: an anti semite on my show. Those ideas are not
1:59:40
Speaker 1: worth debating. But I don't think the government should cancel anybody.
1:59:45
Speaker 1: The government shouldn't stop people. The pedophiles, the anti semites,
1:59:50
Speaker 1: and the and the the the racists can build their
1:59:55
Speaker 1: own platform and advocate for their own ideas and their platform.
1:59:58
Speaker 1: It's just they're not going to be on mind. Liam
2:00:02
Speaker 1: Is the Trump administration just waiting for an ice agent
2:00:05
Speaker 1: to be unalived then they'll have an excuse to ban protests.
2:00:10
Speaker 1: That is interesting. What happens when somebody kills an ICE agent,
2:00:14
Speaker 1: and somebody tried and failed. But if somebody kills ice agents,
2:00:18
Speaker 1: then what happens, You know, Miller goes Bezok. It's very
2:00:23
Speaker 1: possible that they're waiting for something like that. Liam Trump.
2:00:26
Speaker 1: Trump presents to these losers everything they think they want.
2:00:29
Speaker 1: He's rich as a hot wife, does whatever he wants.
2:00:32
Speaker 1: They think becoming a Tony Soprano character is reaching up. Yes,
2:00:36
Speaker 1: and our culture is idealized that Tony Soprano gangst the
2:00:41
Speaker 1: type person. Again because of altruism, people think that that, oh,
2:00:46
Speaker 1: that at least those people are not constrained by altruism.
2:00:50
Speaker 1: So they live the life. They're not Mallel. They won't
2:00:53
Speaker 1: go to heaven, but they live the life God and
2:00:56
Speaker 1: a lot of people wish they were like them, and
2:00:57
Speaker 1: they live vicariously through Donald Trump or through Jeffrey Epstein. Michael,
2:01:03
Speaker 1: being a bad person ages you. Good people have a
2:01:07
Speaker 1: light about them. I think that's right, although I think
2:01:11
Speaker 1: there's some bad people who look pretty young. It ages you,
2:01:15
Speaker 1: ages you here, so it destroys your capacity. You're not happy.
2:01:20
Speaker 1: That's the bottom line. Whether you can always project that,
2:01:23
Speaker 1: whether it comes out or not, you're not happy whoops
2:01:28
Speaker 1: the rugged communitarian read Ian Fletcher and watch debates. He
2:01:32
Speaker 1: exposes the flaws of the free trade argument. Bullshit, they're
2:01:35
Speaker 1: are free market economists support all this? Your ignorance is billissed. Now,
2:01:41
Speaker 1: I'm not ignorant. I've read these arguments. They're bullshit. They're
2:01:45
Speaker 1: anti economics, they don't make any sense. They're bad economics,
2:01:50
Speaker 1: the bad politics, they bad more up. You know, they're
2:01:53
Speaker 1: bad in every dimension. They're just not persuasive. And so yes,
2:01:57
Speaker 1: I've read. I've read arguments and they suck. That's three.
2:02:00
Speaker 1: Sally Matt. I'm alan for his science and business acumen,
2:02:10
Speaker 1: not philosophy, but seeing him be friendly with an own
2:02:13
Speaker 1: monster and lying about it crosses the line. Yeah, doesn't
2:02:17
Speaker 1: surprise me though. Steve O, what do you think of
2:02:22
Speaker 1: twelve Angry Men? Do you know if jury decisions have
2:02:24
Speaker 1: gotten better since they admitted women and became more divers
2:02:28
Speaker 1: I do not know if jury decisions have gotten better
2:02:30
Speaker 1: since then. I have no idea. I like Angry twelve Anguement,
2:02:33
Speaker 1: particularly the original, the one with Henry Ford, the original
2:02:37
Speaker 1: version from the nineteen fifties or sixties. I think that's
2:02:40
Speaker 1: one of the great movies ever made. I think it's brilliant.
2:02:42
Speaker 1: I think it's epistemologically interesting. What is truth? How do
2:02:45
Speaker 1: we know it? It's a really, really, really good movie.
2:02:48
Speaker 1: I encourage everybody to watch the original. I'm not so
2:02:50
Speaker 1: sure about the more modern one. I think it's good too,
2:02:53
Speaker 1: but I think the original is better. Aluminus Elon asked
2:02:59
Speaker 1: for wildest party was the best one. I guess it
2:03:04
Speaker 1: depends on how you categorize best. Let's see, Ryan, do
2:03:10
Speaker 1: you think Democrats aren't talking about Trump's business corruption because
2:03:14
Speaker 1: they want in on this action when in power? How
2:03:17
Speaker 1: can they ignore this? I think Democrats are just overwhelmed
2:03:22
Speaker 1: and they don't know what to talk about, and they're
2:03:25
Speaker 1: just they're just floundering. I have no idea why they don't.
2:03:30
Speaker 1: I don't think it's that they want in on this
2:03:32
Speaker 1: later that's too far, too much forward thinking. I just
2:03:37
Speaker 1: think that there's so much going on they don't know
2:03:39
Speaker 1: what to focus on, and they don't know what that
2:03:41
Speaker 1: what will resonate with voters, but it is. It's fascinating
2:03:46
Speaker 1: that they're not now. If they win the House, I
2:03:48
Speaker 1: think they will use some of these things to try
2:03:51
Speaker 1: to impeach Trump. Sm A. Z is it possible high
2:03:58
Speaker 1: goal price as a result of the Chinese wealth seeking
2:04:00
Speaker 1: stability love the show. I doubt it. I think the
2:04:04
Speaker 1: Chinese Central Bank is buying more gold, but not at
2:04:06
Speaker 1: these numbers and not at these valuations. These numbers and
2:04:09
Speaker 1: these valuations are primarily driven by retail investors and primarily
2:04:13
Speaker 1: driven by speculation by speculative investors. That's my view. I
2:04:18
Speaker 1: think central banks have been steady buyers of gold for
2:04:22
Speaker 1: the last since COVID. They steadily bought, But I don't
2:04:25
Speaker 1: think they suddenly flooded the market last year and drove
2:04:29
Speaker 1: price's way up newly. Dan the Kremlin was officially defined
2:04:36
Speaker 1: Satanism as officially United Statism as Western influenced Ukrainian Resistance
2:04:41
Speaker 1: and ology BTQ. It seems they have successfully demonized the opposition. Well, yeah,
2:04:47
Speaker 1: I mean that's it's an old USSR trick. They've just
2:04:51
Speaker 1: learned from the best, which are the which which were
2:04:53
Speaker 1: the Communists, and and they're they're implementing it, and and yeah,
2:04:57
Speaker 1: they they're they're demonizing everything, all right. Argentine Argentinian. Hi,
2:05:08
Speaker 1: Mister Brooke was Lincoln's eighteen sixty three suspension of Habeas
2:05:12
Speaker 1: Corpus justified, and if not, does a diminish's status as
2:05:16
Speaker 1: a historical giant. Thanks for your amazing work and all
2:05:20
Speaker 1: you do. No, it was not justified. It can never
2:05:22
Speaker 1: be justified to suspend habeas corpus. And look, Lincoln did
2:05:26
Speaker 1: a number of things. He established conscription, he established the
2:05:31
Speaker 1: first income tax that diminish his statue as a history giant.
2:05:37
Speaker 1: And yet the fight abolished slavery. Winning the Civil War
2:05:41
Speaker 1: is one of the greatest acts in history and most
2:05:45
Speaker 1: important acts in preserving the United States of America. So
2:05:49
Speaker 1: a lot can be forgiven because of that. But yes,
2:05:52
Speaker 1: it's all bad, and it certainly is diminishing. All right,
2:05:56
Speaker 1: the last question. You guys have been amazingly generous today.
2:06:00
Speaker 1: Thank you, thank you, Thank you. Guys. My concern is
2:06:04
Speaker 1: that if we miss the small movements for governmental involvement,
2:06:08
Speaker 1: we'll miss the goal of those who want the government
2:06:11
Speaker 1: to have one hundred percent control. You know, I'm with you.
2:06:17
Speaker 1: We should support those movement towards more freedom, and we
2:06:20
Speaker 1: should encourage them and support them and embrace them and
2:06:24
Speaker 1: push for them. It's just we us have to be
2:06:28
Speaker 1: very realistic and how efficacious they can be, how much
2:06:33
Speaker 1: influence we can have and how efficacious they could be.
2:06:35
Speaker 1: But yes, I think we need to watch politics. This
2:06:39
Speaker 1: is why I do the show. Watch politics carefully for
2:06:42
Speaker 1: both the good and the bad. There's very little good
2:06:44
Speaker 1: going on in politics, other than again the deregulation and
2:06:46
Speaker 1: things like energy. The bad overwhelms it right now, which
2:06:51
Speaker 1: is said, thank you guys, I need to run. You
2:06:55
Speaker 1: guys are incredibly generous. I really really appreciate that. And
2:06:59
Speaker 1: I will see you all, not tomorrow. Tomorrow's pretty busy. Tuesday.
2:07:05
Speaker 1: I'm going to try to do a show Tuesday during
2:07:07
Speaker 1: the day from Boston and then again probably on Thursday.
2:07:14
Speaker 1: Adam are popular majorities in some countries, like Israel, US
2:07:19
Speaker 1: losing sight of corruption, especially at the top levels of government,
2:07:23
Speaker 1: as a moral issue, as an existent, as extential national issue.
2:07:27
Speaker 1: I think it suddenly is the case in the US.
2:07:30
Speaker 1: It goes together with allowing for authoritarianism. You saw that
2:07:35
Speaker 1: in Hungry, You saw that with Russia. The more you
2:07:37
Speaker 1: allow corruption, the more you authoritarian. I don't know if
2:07:39
Speaker 1: that's true of Israel. Maybe it is. I'm not engaged
2:07:42
Speaker 1: enough in Israeli politics to know. I mean, there is
2:07:45
Speaker 1: a movement against Nitenia is not a popular figure and
2:07:49
Speaker 1: people do talk a lot about his corruption, and he
2:07:52
Speaker 1: isn't in trial now for corruption. I don't know how
2:07:54
Speaker 1: whitespead corruption is in Israeli politics. It's possible, but I
2:07:58
Speaker 1: don't know certainly. In the United State dates, I think
2:08:00
Speaker 1: as we've moved towards more authoritarianism, people's tolerance of corruption
2:08:05
Speaker 1: has increased, unfortunately. All right, thank you guys. I will
2:08:13
Speaker 1: see you all on Tuesday. Bye.