Latest / Yaron Brook Show / ICE Retreat? Israel Hostages; Tariffs & Trade; Iran; China Purge | Yaron Brook Show

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ICE Retreat? Israel Hostages; Tariffs & Trade; Iran; China Purge | Yaron Brook Show · Yaron Brook Show

• 0:02
  Speaker 1: A lot of fundamental principles of Lado, rational self interest
• 0:09
  Speaker 1: and an individual wise, this is the show. Oh right, everybody,
• 0:20
  Speaker 1: welcome to your one book show on this Tuesday, January
• 0:25
  Speaker 1: twenty seventh. Though everybody's having a fantastic week so far,
• 0:29
  Speaker 1: looking put it to the rest of the week. The
• 0:32
  Speaker 1: news just well doesn't slow down things. Things are happening
• 0:37
  Speaker 1: in the world at a rate that is it seems unprecedented.
• 0:42
  Speaker 1: I don't know if it is, but this administration just
• 0:47
  Speaker 1: it seems like everything's heightened and everything's at a different pace.
• 0:51
  Speaker 1: But you know, again, I have no way to measure
• 0:54
  Speaker 1: that actually actually measure that. Anyway, We'll start with more
• 0:59
  Speaker 1: news out of Minnesota or basically that he is. You know,
• 1:03
  Speaker 1: the chaos in Minnesota, Minneapolis is it continues. Confrontations between
• 1:10
  Speaker 1: demonstrators and ice and police continue in Minnesota. Tear gas
• 1:16
  Speaker 1: is being used, pepper spray, all the rest. There's a
• 1:22
  Speaker 1: video out now circulating on Twitter with ice outside of
• 1:28
  Speaker 1: a preschool and families and little kids, and you know,
• 1:32
  Speaker 1: and the beauty of the modern world that we live
• 1:35
  Speaker 1: in is everything is now documented on video. It's very
• 1:38
  Speaker 1: difficult to get anything done without you know, a documentation
• 1:43
  Speaker 1: or video not from one angle, but from multiple angles,
• 1:47
  Speaker 1: so that the world actually knows what's going on. You
• 1:50
  Speaker 1: can't hide it anymore. So really really powerful, and I think,
• 1:55
  Speaker 1: I think really really good. It's we should shine a
• 2:00
  Speaker 1: light on everything government does. There's very little, very little
• 2:06
  Speaker 1: the government does some intelligence functions that should be secret,
• 2:13
  Speaker 1: pretty much everything else should be out in the open.
• 2:16
  Speaker 1: And the fact that now we can all film as
• 2:19
  Speaker 1: as a government agents engage in our streets is an
• 2:25
  Speaker 1: amazing is an amazing thing and good. Anyway, the fall
• 2:30
  Speaker 1: off and the shooting of Alex Petty, it continues. There
• 2:35
  Speaker 1: is growing disenchantment, if you will, among Republicans with the
• 2:42
  Speaker 1: way this administration is handling things. The number of calls
• 2:46
  Speaker 1: for Christy Gnome to be fired there doesn't seem to be.
• 2:49
  Speaker 1: It doesn't see to any movement in that directions in
• 2:52
  Speaker 1: terms of Trump, although he did have a lengthy meeting
• 2:55
  Speaker 1: with her I, Guess and Lewandowski yesterday, but no firing
• 3:01
  Speaker 1: has happened yet. However, other moves have happened. It does
• 3:08
  Speaker 1: appear that uh Bovino, the Border Patrol commander Gregory Reno,
• 3:16
  Speaker 1: is going to be leaving Minnesota along with some of
• 3:20
  Speaker 1: his agents. I will put it in that already yesterday,
• 3:23
  Speaker 1: but now it seems to have been confirmed and that
• 3:27
  Speaker 1: he will be going to California and maybe retiring at
• 3:30
  Speaker 1: some point. But he has clearly been demoded in a
• 3:34
  Speaker 1: significant way. Holman, Tom Holman, who the President yesterday announced
• 3:42
  Speaker 1: he was sending to Minneapolis, is already there. He is
• 3:45
  Speaker 1: meeting with officials in Minneapolis. He is supposed to bring
• 3:49
  Speaker 1: some order, some professionalism, some prioritization to the activities of
• 3:56
  Speaker 1: ICE in Minneapolis. Will see what he gets done. Homan
• 4:01
  Speaker 1: is not it's not a moderate. He's not a you know,
• 4:06
  Speaker 1: weko in any kind of way. He's a tough guy.
• 4:10
  Speaker 1: And we'll see. We'll see how it goes overall. You know,
• 4:16
  Speaker 1: we will see. As I told you yesterday, Trump has
• 4:19
  Speaker 1: had conversations now with Governor Tim Waltz and with the
• 4:23
  Speaker 1: Minneapolis mayor, Jacob Frey. It seems like the White House
• 4:29
  Speaker 1: is trying to reposition itself as cooperating with the authorities
• 4:36
  Speaker 1: in Minnesota and where there was some agreement will be
• 4:40
  Speaker 1: hatched out where agents leave Minneapolis and the state turns
• 4:47
  Speaker 1: over the By all accounts, it has been turning over
• 4:50
  Speaker 1: in the past turns over any criminal illegal immigrants two ICE,
• 4:56
  Speaker 1: So you know, it's it's everything is still in flocked.
• 5:00
  Speaker 1: Nothing has really changed it except Bavino is out, and
• 5:07
  Speaker 1: it's unclear if any of the procedures, if any of
• 5:10
  Speaker 1: the emphasis, if any of the focus of ICE will change,
• 5:13
  Speaker 1: not just in Minneapolis, but all over the country. This
• 5:16
  Speaker 1: is not a Minneapolis problem. This is a country wide
• 5:20
  Speaker 1: problem in terms of the behavior of ICE. It just
• 5:23
  Speaker 1: manifests itself worse in Minneapolis, I think primarily because they
• 5:28
  Speaker 1: wrapped up the number of agents there, three thousand of them.
• 5:31
  Speaker 1: They're not that many illegal aliens, so what can three
• 5:36
  Speaker 1: thousand guys do in chasing down a relatively small number
• 5:41
  Speaker 1: of illegals. Many of the illegal immigrants in Minneapolis are
• 5:47
  Speaker 1: just staying home. They're not they're not leaving home because
• 5:53
  Speaker 1: they don't want to be so and they can't go
• 5:55
  Speaker 1: into the homes. So it's just a lot of them
• 5:58
  Speaker 1: are just they don't that much to do except harass,
• 6:02
  Speaker 1: so they are harassing. And of course Minneapolis is also
• 6:05
  Speaker 1: a pretty leftist place, so they're getting a lot of
• 6:08
  Speaker 1: opposition and the demonstrations are more intense than they are
• 6:11
  Speaker 1: also around the country, although to the credit that people
• 6:15
  Speaker 1: in Minneapolis, they're nowhere near as violent and as aggressive
• 6:20
  Speaker 1: and as you know nuts as the people were in
• 6:23
  Speaker 1: California where they were Bernie cars and stuff like that,
• 6:27
  Speaker 1: you know, engaging in explicit violence. So in ways that
• 6:30
  Speaker 1: I think in Minneapolis, if not, we haven't seen it
• 6:35
  Speaker 1: as bad as California. So we will see. I mean,
• 6:40
  Speaker 1: this is going to be along four years with Trumpet.
• 6:42
  Speaker 1: We've got another three years to go, and it's going
• 6:46
  Speaker 1: to be really interesting to see how it evolves and
• 6:48
  Speaker 1: what happens as these three years proceed. Investigation into shooting
• 6:56
  Speaker 1: itself a pretty by the FED, seems very limited. There
• 7:02
  Speaker 1: is a demand and and supposedly Trumps agreed to allow
• 7:06
  Speaker 1: Minnesota Minnesota Minneapolis authorities to participate in the investigation and
• 7:12
  Speaker 1: and for sharing of evidence. It does seem like the
• 7:18
  Speaker 1: the ICE agents actually wore body cams and that DHS
• 7:25
  Speaker 1: is saying it has bodycam footage from the agents. Uh,
• 7:31
  Speaker 1: And then the question is are they going to share it?
• 7:34
  Speaker 1: Is there going to be a thorough investigation. Is there
• 7:37
  Speaker 1: going to be an investigation that it goes beyond just
• 7:40
  Speaker 1: the DHS investigating itself? Will it? Will it expand beyond that,
• 7:46
  Speaker 1: and and again we will have to see over time
• 7:50
  Speaker 1: how serious they are, how serious Trump is about saying
• 7:53
  Speaker 1: that he wants an investigation. Uh, there's no question that
• 7:58
  Speaker 1: at least Trump and some of the people around him
• 8:02
  Speaker 1: have softened the rhetoric as compared to when Good died,
• 8:06
  Speaker 1: and all of them are much softer in their rhetoric.
• 8:11
  Speaker 1: Then Secretary Gnome or Baveno was who immediately, without any information,
• 8:20
  Speaker 1: immediately blamed the victim, immediately, you know, blamed the fact
• 8:25
  Speaker 1: that he was carrying a gun. Trump doubled up on
• 8:28
  Speaker 1: that again today. But they're getting a lot of backlash
• 8:31
  Speaker 1: from conservatives and from MAGA and from gun rights people
• 8:36
  Speaker 1: around that. I mean, we talked about this extensively yesterday.
• 8:41
  Speaker 1: The right has worn has carried guns, powerful guns, guns
• 8:46
  Speaker 1: that could kill a lot of people into demonstrations often
• 8:51
  Speaker 1: in the last six years. And to suddenly for the
• 8:55
  Speaker 1: president and for others, the leaders of Republican leaders to
• 8:59
  Speaker 1: backtrack from that is going to upset a lot of people.
• 9:04
  Speaker 1: You know, a lot of people. Again, some some Republicans
• 9:09
  Speaker 1: have come out and criticized the White House. I mean,
• 9:14
  Speaker 1: even Greg Abbott, who is the governor of Texas Right
• 9:20
  Speaker 1: came out in a radio interview said that the guy
• 9:23
  Speaker 1: the White House needs to recalibrate its immigration enforcement. You know.
• 9:29
  Speaker 1: Also in Texas, Ted Cruz said that whatever the administration
• 9:36
  Speaker 1: needs to be more measured in describing the killing a
• 9:40
  Speaker 1: pretty and other incidents. So, in other words, they are
• 9:45
  Speaker 1: I think everybody's pushing for investigations. Everybody's pushing for not
• 9:49
  Speaker 1: jumping to conclusions. It used to be when a law
• 9:53
  Speaker 1: enforcement officer killed somebody or something bad happened, the first
• 9:57
  Speaker 1: response was, we're not com because we're in the midst
• 10:01
  Speaker 1: of investigation. We'll comment after we figure out what actually happened.
• 10:05
  Speaker 1: That is not what DHS has been doing. They've been
• 10:08
  Speaker 1: commenting before any investigation happens, immediately coming to conclusions, and
• 10:12
  Speaker 1: the conclusions always in defense of their own agents. That
• 10:17
  Speaker 1: is not being criticized, it seems by Republicans. The fact
• 10:20
  Speaker 1: that Greg Abbott, the Republican in Texas who is pretty
• 10:25
  Speaker 1: aligned with MEGA usually is willing to come out and
• 10:29
  Speaker 1: say that the White House needs to recalibrate is good
• 10:34
  Speaker 1: and I wouldn't be surprised if in the weeks to come,
• 10:37
  Speaker 1: Christy Gnome is sc DA Nome is fired, becomes escapegoaders. This,
• 10:44
  Speaker 1: of course, the one guy responsible for all of this,
• 10:47
  Speaker 1: the person really behind the entire strategy around immigration, and
• 10:53
  Speaker 1: the one person responsible for all the administration's obnoxious immigration
• 10:58
  Speaker 1: behavior and emphasis, will not be fired. I can guarantee that,
• 11:04
  Speaker 1: and that is that is Miller. Miller is there. He
• 11:09
  Speaker 1: is the many respects to the right hand man of Trump.
• 11:14
  Speaker 1: He is basically channeling the ideas of JD. Evans, or JD.
• 11:20
  Speaker 1: Evans is challenging Miller. It's try to tell who who's who.
• 11:25
  Speaker 1: But there's no question, right, there's no question that Miller
• 11:29
  Speaker 1: and Jed Vans are behind this. You know again, Trump
• 11:35
  Speaker 1: doesn't care enough. He's not ideological enough. Trump it doesn't
• 11:41
  Speaker 1: hate immigrants the way Miller hates immigrants the way ged
• 11:46
  Speaker 1: Evans thinks that hating immigrants is necessary for him to
• 11:51
  Speaker 1: attain power. Trump like hates immigrants because or exhibits that
• 11:55
  Speaker 1: hatred because hey, that's what his base wants. It's just
• 12:01
  Speaker 1: like the Second Amendment. It's like he's all for the
• 12:03
  Speaker 1: Second Amendment, but he's not really. He's all for it
• 12:06
  Speaker 1: because his base is for it. And then when he
• 12:09
  Speaker 1: has an opportunity to say something the opposite, like today,
• 12:11
  Speaker 1: he said, yeah, people shouldn't show up in demonstrations with guns,
• 12:14
  Speaker 1: shouldn't go guns to the admonstrations. And somebody asked him
• 12:18
  Speaker 1: what about the Second Amendment? And he basically ignored the question.
• 12:21
  Speaker 1: He was not going to answer it because he doesn't care.
• 12:24
  Speaker 1: He really, really really doesn't care. He's a you know,
• 12:31
  Speaker 1: he's just doing what he does at a whim out
• 12:37
  Speaker 1: of a sense of power and to appease his base.
• 12:40
  Speaker 1: And he has no ideas other than we'll get to
• 12:44
  Speaker 1: in a minute. Tariffs. Tariffs he loves that, he loves,
• 12:47
  Speaker 1: There's no question about that. Even there, he's willing to
• 12:49
  Speaker 1: compromise because he know he doesn't want to suffer because
• 12:53
  Speaker 1: of the tariffs that he loves, so he's willing to
• 12:55
  Speaker 1: compromise on them on a regular basis. Uh So, you know,
• 13:02
  Speaker 1: it's it's it's going to be it's going to be
• 13:05
  Speaker 1: interesting to see exactly how they navigate all this. Again.
• 13:08
  Speaker 1: I do think that we will see h christynome out.
• 13:14
  Speaker 1: I think Trump will find other ways to be obnoxious
• 13:17
  Speaker 1: towards Minneapolis. In Minnesota will broadly. For example, they just
• 13:24
  Speaker 1: they just announced that Trumpe administration has just announced a
• 13:27
  Speaker 1: warned that it could cut off federal education and health
• 13:31
  Speaker 1: funding to the state of Minnesota over complaints it allows quote,
• 13:36
  Speaker 1: males to complete in multiple female sports programs and occupy
• 13:40
  Speaker 1: women's intimate facilities, bathrooms and others. Now, this wasn't an
• 13:45
  Speaker 1: issue just a few days ago, but now it's an
• 13:47
  Speaker 1: issue because Minnesota like as the upper hand on Trump
• 13:52
  Speaker 1: from a pr perspective ICE. He has not managed to
• 13:56
  Speaker 1: do what he wanted with ICE, so he needs to
• 13:59
  Speaker 1: find out that angle. And look, the thing that differentiates
• 14:04
  Speaker 1: Republicans more than anything else from Democrats, that is that
• 14:09
  Speaker 1: polls well, is the trans issue. That's the one issue
• 14:13
  Speaker 1: that Americans are with Republicans unequivocally. So why not go
• 14:17
  Speaker 1: after Minnesota over that? Right? What else do we say
• 14:24
  Speaker 1: about Minnesota? Oh? Yeah, I mean the number of court
• 14:29
  Speaker 1: cases going through the court system right now, and it's
• 14:38
  Speaker 1: the one court case judges ordered the Trumpet administration to
• 14:41
  Speaker 1: address its motives behind ICES Minnesota operation. The state of
• 14:48
  Speaker 1: Minnesota is demanding in the lawsuit, demanding that there'll be
• 14:52
  Speaker 1: a temporary hold to all ICE operations in the state
• 14:57
  Speaker 1: and that the true motivation of ICE being in Minneapolis
• 15:02
  Speaker 1: is political it's because of its antagonism to wealth and
• 15:07
  Speaker 1: and uh and and because of its left leaning, because
• 15:12
  Speaker 1: it's left leaning. Uh. At a hearing Monday, Use District
• 15:17
  Speaker 1: Judge Kathleen Mendez Hood arguments in Minnesota's request for temporary
• 15:21
  Speaker 1: straining order. The hearing, you know this is uh. You know,
• 15:26
  Speaker 1: the judge odd after the hearing the Detombini restation respond
• 15:32
  Speaker 1: uh to the state's argument about the operation was created
• 15:35
  Speaker 1: to punish Minnesota for its immigration sanctuary laws. So yeah,
• 15:47
  Speaker 1: is this punishment? Is this an effort to coast officials
• 15:51
  Speaker 1: into changing state and local laws? Is it to compel
• 15:54
  Speaker 1: the state to use its resources to stay information with
• 15:56
  Speaker 1: federal immigration enforcement? What exactly is the federal government's purpose
• 16:03
  Speaker 1: with ICE? And you know that's one of the cases
• 16:08
  Speaker 1: in in front of in front of the court. Another
• 16:13
  Speaker 1: case where which is in front of again the chief
• 16:18
  Speaker 1: Judge of the District of Minnesota, a federal judge, Patrick Schultz,
• 16:24
  Speaker 1: who is a conservative, a real conservative. In this case,
• 16:35
  Speaker 1: this case, the judge has written this opinion where he's
• 16:38
  Speaker 1: just pissed off at Ice. He's fed up with ICE's
• 16:42
  Speaker 1: failure to comply with dozens of court orders. Quote the
• 16:47
  Speaker 1: court this is a this is ongoing cases regarding detainees
• 16:51
  Speaker 1: and people they picked up, ices arrested quote. The court's
• 16:55
  Speaker 1: patient is at an end. The court acknowledges that ordering
• 16:59
  Speaker 1: the head of the federal agency to personally appear as
• 17:02
  Speaker 1: an extraordinary step, but the extent of ICE's violation of
• 17:06
  Speaker 1: court orders is likewise extraordinary, and lesser measures have been
• 17:11
  Speaker 1: tried and failed. So the judges ordered the head of ICE,
• 17:16
  Speaker 1: Todd Leon's. I mean, they're all these different heads of
• 17:20
  Speaker 1: I mean, it's hard to tell who runs this place anyway.
• 17:23
  Speaker 1: The head of ICE, Todd leons to appeer appeer personally
• 17:28
  Speaker 1: in court on Friday, and he's started with contempt for
• 17:34
  Speaker 1: the agency's repeated violations of quote orders. I mean, it
• 17:40
  Speaker 1: just shows. And we've seen this as a pattern with
• 17:42
  Speaker 1: ICE going back now months that ICE broadly has ignored
• 17:48
  Speaker 1: the courts, and the courts are pretty pissed off, pretty upset.
• 17:54
  Speaker 1: And this is a good example. And again here you
• 17:56
  Speaker 1: can't blame you can't accuse the judge of some lefty judge.
• 18:01
  Speaker 1: This is a well known conservative judge in Minnesota. Now,
• 18:09
  Speaker 1: all of this is coming kind of to head over
• 18:13
  Speaker 1: a funding bill that has already passed the House and
• 18:17
  Speaker 1: is supposed to be voted on by the Senate later
• 18:21
  Speaker 1: this week. Indeed, and if it doesn't, there's a real
• 18:25
  Speaker 1: risk of a government another government shutdown. And it looked
• 18:30
  Speaker 1: like as of last week that this would sail through
• 18:33
  Speaker 1: and Democrats would join the Republicans in voting for it,
• 18:36
  Speaker 1: and they would choose not to shut down the government.
• 18:40
  Speaker 1: But part of this bill actually involves increasing ICE's budget
• 18:47
  Speaker 1: above and beyond the increases we saw in the Big
• 18:50
  Speaker 1: Bad Beautiful Bill. I added a B. It's bb bb
• 18:58
  Speaker 1: big bad beautiful bill, big bad bodacious beautiful bill. I
• 19:04
  Speaker 1: don't know whichould just add bs to it, just making BBBBBBB. Anyway,
• 19:09
  Speaker 1: that bill, and this is going to add more money
• 19:13
  Speaker 1: on top of that. Democrats are going to vote for it.
• 19:15
  Speaker 1: And then what happened in Minnesota with the killing over
• 19:20
  Speaker 1: the weekend change the calculus, and now they see a
• 19:24
  Speaker 1: political opportunity to squeeze Republicans. So Democrats are threatening to
• 19:32
  Speaker 1: vote against the funding bill and basically shut down the government.
• 19:36
  Speaker 1: And there's a significant number of Democrats that are united
• 19:39
  Speaker 1: around us, and it looks like Republicans will not have
• 19:43
  Speaker 1: the sixty required votes to get the bill passed. Democrats
• 19:47
  Speaker 1: are coalescing around five restrictions on ICE that they want
• 19:51
  Speaker 1: included in the bill for them to vote for it.
• 19:57
  Speaker 1: They include the DHS must cooperate will state probes into
• 20:02
  Speaker 1: any acts of violence by ICE agents, right, which is
• 20:08
  Speaker 1: huge and would reverse what has been happening so far.
• 20:16
  Speaker 1: The second restriction would be that the border patrol, the
• 20:21
  Speaker 1: customs and Border Patrol would stay at the border. That is,
• 20:27
  Speaker 1: ICE would be in charge of all around new people
• 20:32
  Speaker 1: up in deputations, but the border patrol will not assist ICE.
• 20:38
  Speaker 1: They will be just at the border. That's absolutely right. Third,
• 20:44
  Speaker 1: that ICE agents get warrants for any arrest that they make.
• 20:48
  Speaker 1: I assume that is of American citizens, that they all
• 20:54
  Speaker 1: ICE agents carry ideas and body cams, that body cams
• 20:58
  Speaker 1: will be required. Some just have body comms, others do not.
• 21:03
  Speaker 1: And then I stay away from churches and schools. Those
• 21:07
  Speaker 1: are the restrictions pretty mild in my opinion. Uh, that
• 21:11
  Speaker 1: Democrats want in order to do that. Otherwise Uh, they
• 21:15
  Speaker 1: again they are threatening to shut the gument down. Uh
• 21:21
  Speaker 1: and uh a shutdown would have a widespread effects delays
• 21:26
  Speaker 1: for the I R S as tax season starts now.
• 21:29
  Speaker 1: Usually you wouldn't mind a but this season, tax season,
• 21:32
  Speaker 1: they're expecting a lot of refund checks and people could
• 21:35
  Speaker 1: get pissed off if they don't get those refund checks.
• 21:38
  Speaker 1: I've been waiting for mine for over a year now,
• 21:43
  Speaker 1: I you know, God, key economic data would be delayed.
• 21:51
  Speaker 1: We've already lived through that. I'm not sure if anybody
• 21:54
  Speaker 1: trusts key economic data anymore anyway. And but it would
• 22:02
  Speaker 1: have a shot down would have almost no effect on
• 22:04
  Speaker 1: ICE or no boder patrol. They would be viewed as
• 22:08
  Speaker 1: you know, necessary functions that would continue to be funded.
• 22:13
  Speaker 1: Republicans are going to resist Democrats demands that I five
• 22:18
  Speaker 1: of which I read to you on iceed boorder patrol.
• 22:22
  Speaker 1: And so it's it looks like there will be a
• 22:25
  Speaker 1: showdown in the Senate later later this week. Let's see
• 22:33
  Speaker 1: what else did I want to say about this. Here's
• 22:40
  Speaker 1: a This is an example. It's not directly related to
• 22:45
  Speaker 1: to ICE, but it's indirectly related. It's directly it's so
• 22:48
  Speaker 1: directly related to the Department of Homeland Security and the
• 22:51
  Speaker 1: extent to which they've been taken over by at least
• 22:54
  Speaker 1: their social media has been taken over by a bunch
• 22:58
  Speaker 1: of you know, right wing maga racists, I mean really weirdos. Uh.
• 23:04
  Speaker 1: And I've shared with you a number of the memes
• 23:06
  Speaker 1: they put out and how kind of weirdly racist, nationalistic
• 23:12
  Speaker 1: echoing of Nazi propaganda they happen to be. Well, here's
• 23:16
  Speaker 1: here's an example example of this. The supposedly happened. I
• 23:21
  Speaker 1: guess the last few days DHS posted a meme with
• 23:26
  Speaker 1: a phrase, well have how we'll have our home again.
• 23:30
  Speaker 1: We'll have our home again, a phrase from a white
• 23:34
  Speaker 1: supremacist song I'm reading for a post by Richard Hannania.
• 23:41
  Speaker 1: When asked about it by The New York Times, Uh,
• 23:45
  Speaker 1: you know the uh. The spokesman for the administration denied
• 23:50
  Speaker 1: that the phrase was related to the song. She said
• 23:54
  Speaker 1: there are plenty of references to those words in books
• 23:56
  Speaker 1: and poems. The New York Times porter pointed out that
• 24:01
  Speaker 1: when you open the post on Instagram, the white supremacist
• 24:06
  Speaker 1: song itself starts playing. See you can't really evade it yet.
• 24:12
  Speaker 1: Deny it's that song. It's a white supremacist song. The
• 24:16
  Speaker 1: spokesman denied it. Deny that this is true. Accused of
• 24:20
  Speaker 1: reporter of spending a left wing conspiracy theory said she's
• 24:25
  Speaker 1: the one responsible for mainstreaming racism and kind of ignored it.
• 24:31
  Speaker 1: Forty minutes later, forty minutes after the interview, the meme
• 24:37
  Speaker 1: was taken down. The post on Instagram was taken down.
• 24:42
  Speaker 1: You know, yeah, I mean, the reality is that these
• 24:47
  Speaker 1: are these young Republicans who hold positions all over government
• 24:52
  Speaker 1: responsible for social media memes things like that. They are
• 24:56
  Speaker 1: the young Republicans that we've seen evidence that they are racist,
• 25:02
  Speaker 1: influenced by Nazism, white supremacists, I mean, the worst of
• 25:06
  Speaker 1: the worst, And you know, they're running things and I
• 25:14
  Speaker 1: really believe that some of the older people there don't
• 25:17
  Speaker 1: even know. They don't know that the song is a
• 25:20
  Speaker 1: racist song. They don't know stuff like that it's happening
• 25:23
  Speaker 1: right under they notice noses, they don't care. They're not
• 25:27
  Speaker 1: intelligent enough or sophisticated enough or knowledgeable enough to know
• 25:30
  Speaker 1: where these memes come from and what they refer to.
• 25:34
  Speaker 1: And you know, they're getting by excited by the fact
• 25:37
  Speaker 1: that these young kids are putting up racist Nazi admiring
• 25:42
  Speaker 1: Nazi influenced you know, just horrible memes on the official
• 25:49
  Speaker 1: official you know, x and Instagram pages of the US government.
• 25:56
  Speaker 1: Of the US government. So yep, that is uh, that
• 26:11
  Speaker 1: is how nutty. You know, we are currently kind of
• 26:15
  Speaker 1: the state of of how nutty things up? Right? All right?
• 26:31
  Speaker 1: What else? What else can I tell you about Minneapolis, Minnesota? Uh? Yeah,
• 26:36
  Speaker 1: We'll wait to see, you know, how things develop and
• 26:39
  Speaker 1: how things change. Uh, and and and whether whether they
• 26:45
  Speaker 1: leave Minneapolis, and whether they ramp it up in some
• 26:48
  Speaker 1: other city. You know, you could see a real ramping
• 26:53
  Speaker 1: up in California. You know, California has been spared I
• 26:56
  Speaker 1: think beyond what they did early on in LA I
• 27:00
  Speaker 1: think primarily because they don't want to piss off the
• 27:03
  Speaker 1: tech guys, the tech bros that are affiliated with the
• 27:07
  Speaker 1: White House. I think that's the motivation to stay away
• 27:10
  Speaker 1: from California. Whether that holds or doesn't hold is hard
• 27:17
  Speaker 1: to tell. Ice is not going away. They're still hiring
• 27:20
  Speaker 1: more and more people. There's been no indication that there's
• 27:24
  Speaker 1: been any change to training, or to guidelines or to
• 27:30
  Speaker 1: anything principled. And as long as Stephen Miller is responsible
• 27:36
  Speaker 1: the Trump's z off for all things immigration, things are
• 27:41
  Speaker 1: going to be bad. Things are going to be bad.
• 27:46
  Speaker 1: All right. Let's turn now to Israel and Gaza and
• 27:51
  Speaker 1: what is going on? What is going on over there?
• 27:54
  Speaker 1: In the meantime, I'll just note that it looks like
• 27:57
  Speaker 1: Michael is single handedly going to control the entire super
• 28:03
  Speaker 1: Chat Q and A session. He's already got ten questions
• 28:08
  Speaker 1: on the board. He's trying to get, you know, single
• 28:13
  Speaker 1: handedly to get us to the targets. And that's amazing.
• 28:16
  Speaker 1: But come on, guys, you should join him. There has
• 28:19
  Speaker 1: to be questions. You must have questions. In addition, maybe
• 28:22
  Speaker 1: Michael doesn't want you to join him, he wants to
• 28:24
  Speaker 1: dominate the Q and A. But join him. Jump in.
• 28:27
  Speaker 1: Thank you, Michael, you're being as usual super generous. And
• 28:32
  Speaker 1: thank you, thank you, thank you, and and and jump
• 28:37
  Speaker 1: in here with questions. You might be broke two bucks,
• 28:41
  Speaker 1: you know, Starbucks coffee less than Starbucks coffee. Two bucks.
• 28:44
  Speaker 1: You can do something Sticker questions. Questions are good because
• 28:48
  Speaker 1: that way you shape the show. Anyway, let's stend to Israel.
• 28:52
  Speaker 1: Over the weekend, Israel retrieved the last hostage there was
• 28:59
  Speaker 1: still in We're talking about a soldier run Gavili, whose
• 29:07
  Speaker 1: body who had been murdered on October seventh, but whose
• 29:11
  Speaker 1: body was snatched by Hamas monsters and taken into the
• 29:16
  Speaker 1: Gaza Strip, I mean to serve as a bogainy chip.
• 29:19
  Speaker 1: That's why they wanted the bodies. He was the last
• 29:27
  Speaker 1: live or dead hostage that had not been returned to Israel,
• 29:32
  Speaker 1: and his body had been in the Gaza Strip for
• 29:37
  Speaker 1: eight hundred and forty three days really since the seventh
• 29:41
  Speaker 1: of October. Gvilli himself was you know, was a real hero.
• 29:49
  Speaker 1: In October seventh, he found out what was going on,
• 29:51
  Speaker 1: he took his weapon and he he went out. He
• 29:56
  Speaker 1: went out to the battlefield to where you know, the
• 30:04
  Speaker 1: where these monsters were slaughtering, killing, raping, torturing Israelis and
• 30:12
  Speaker 1: fought them and was killed in action where the Israeli
• 30:16
  Speaker 1: military failed and it took them forever to get to
• 30:19
  Speaker 1: reach individual soldiers. Individual Israelis took the initiative and went
• 30:25
  Speaker 1: out and fought. Many of them did not make it home.
• 30:33
  Speaker 1: So you know, this this uh operation to to get
• 30:43
  Speaker 1: him back was was a complex one and a lengthy one, UH.
• 30:48
  Speaker 1: And it started about a month ago when a operator
• 30:54
  Speaker 1: from islamming ji Hud was basically kidnapped by the Israelis
• 30:59
  Speaker 1: out of Guze. So this is a shinbet. The Israeli
• 31:04
  Speaker 1: security forces and special forces basically identified him, believed that
• 31:10
  Speaker 1: he had knowledge of where this body might be. He
• 31:14
  Speaker 1: was kidnapped out of Gaza, this is in the area
• 31:17
  Speaker 1: still controlled Bahamas and interrogated by the Israelis and ultimately
• 31:24
  Speaker 1: he is the one who revealed where the body probably was.
• 31:29
  Speaker 1: As a consequence, this is in a grave site somewhere
• 31:33
  Speaker 1: near Gaza City. Israeli forces went in there and they
• 31:38
  Speaker 1: actually screened one hundred and fifty bodies. One hundred and
• 31:41
  Speaker 1: fifty bodies were exhumed and checked with dental records until
• 31:46
  Speaker 1: they confirmed the corpse of Sogeant Major Gavilli. Now this
• 31:56
  Speaker 1: is really, you know, the end of a very very
• 32:00
  Speaker 1: chapter in Israeli history, not just relating he October seventh,
• 32:06
  Speaker 1: but really this is the first time since twenty fourteen
• 32:11
  Speaker 1: that Israel has not had a body or a live
• 32:16
  Speaker 1: hostage in Gaza. So twelve years where there was Hamas
• 32:22
  Speaker 1: was holding somebody. You know, Israel values the bodies of
• 32:27
  Speaker 1: it's fallen. There's a principle in Israeli military you never
• 32:31
  Speaker 1: leave a body behind. And you know they were always
• 32:37
  Speaker 1: committed not just bringing home the live hostages, but also
• 32:40
  Speaker 1: bringing home the bodies of the hostages. So this is
• 32:44
  Speaker 1: closure for the IDF in terms of being the hostages home,
• 32:48
  Speaker 1: which was one of the main aims of the war
• 32:52
  Speaker 1: in Gaza was to bring the hostages home. Most of
• 32:56
  Speaker 1: the hostages, almost all of the hostages at the end
• 32:59
  Speaker 1: of at the end of the day, were brought home
• 33:06
  Speaker 1: because of the negotiations, not because of the not because
• 33:09
  Speaker 1: of the direct actions of the of the military. Now,
• 33:12
  Speaker 1: arguably the negotiations were only successful because of the pressure
• 33:17
  Speaker 1: that the military replaced on Hamas and the devastating losses
• 33:20
  Speaker 1: Hamas took during the war. But at this point, the uh,
• 33:30
  Speaker 1: you know, uh uh the uh. To this point, the
• 33:37
  Speaker 1: negotiations of what brought the hostages back, and the negotiations
• 33:41
  Speaker 1: is seems to be the way Israel is committed to
• 33:45
  Speaker 1: continuing to deal with Hamas and Gaza. At this point,
• 33:50
  Speaker 1: there's no hostages. Is or could if not for its
• 33:53
  Speaker 1: commitment to Trump, could go in and finish Gaza, finish
• 33:57
  Speaker 1: Ramas off. They could literally finish Ramas. After Ramas has
• 34:01
  Speaker 1: no nothing to hold over Israel. The United States is
• 34:06
  Speaker 1: trying to nego continue to negotiate a deal by which
• 34:09
  Speaker 1: Haramas will disarm. But exactly what Hamas's motivations to do
• 34:19
  Speaker 1: so are unclear, and really, at the end of the day,
• 34:23
  Speaker 1: Hamas will do what its allies, the Kataris and the
• 34:27
  Speaker 1: Turks wanted to do, I wanted to do. You know.
• 34:34
  Speaker 1: Trump is very conciliatory towards both the Turks and the
• 34:38
  Speaker 1: Katarish and favors them more generally. He has tried to
• 34:43
  Speaker 1: convince the Israelis to let the Tooks and the Katari
• 34:46
  Speaker 1: military forces enter into Gaza and be responsible for security
• 34:51
  Speaker 1: in Gaza. Israel has rejected that and I hope will
• 34:56
  Speaker 1: continue to reject it. He tried to get Israel to
• 35:01
  Speaker 1: allow the Qataris and they Tooks to be in charge
• 35:04
  Speaker 1: of the border crossing between Egypt and the Gaza Strip,
• 35:09
  Speaker 1: what's called the Rafa Crossing. Again, Israel has resisted that
• 35:13
  Speaker 1: and rejected that proposal. So a lot is going to
• 35:18
  Speaker 1: depend on whether the Kataris in the Tooks again, Kataris
• 35:21
  Speaker 1: and Tooks friends of the Muslim Brotherhood. Ramas is basically
• 35:26
  Speaker 1: a spinoff of the Muslim Brotherhood. Whether they're willing to
• 35:29
  Speaker 1: abandon Ramas, whether they're willing to tell Ramas to disarm,
• 35:36
  Speaker 1: that will basically determine whether Hamas fights this out or
• 35:39
  Speaker 1: whether it actually disarms. At this point, Ramas is trying
• 35:44
  Speaker 1: to negotiate itself a role in the police force of
• 35:50
  Speaker 1: the new Gaza entity. Of course that would be a catastrophe,
• 35:55
  Speaker 1: that would keep them weapons, would give them a position
• 35:59
  Speaker 1: of power. They want to integrate their forces into this
• 36:03
  Speaker 1: police force again as well, we'll resist the Trump administration
• 36:08
  Speaker 1: will try. I mean, there really seems to be an
• 36:13
  Speaker 1: argument to be made that at this point the whit
• 36:15
  Speaker 1: Cough and to some extent kush Kushna are basically now
• 36:20
  Speaker 1: agents of the Katari government and and just just just
• 36:24
  Speaker 1: presenting the Katari case and putting pressure on Trump in
• 36:29
  Speaker 1: the name of the Katari government. We'll talk about that
• 36:31
  Speaker 1: when we get to Iran as well. That that that
• 36:33
  Speaker 1: is that is basically their mission right now. But uh,
• 36:39
  Speaker 1: there is a chance that ultimately Ramas will disarm, realizing
• 36:44
  Speaker 1: that it probably does not want Israel to come in
• 36:48
  Speaker 1: and wipe them out. There is a chance that Ramas
• 36:51
  Speaker 1: will decide to fade away for a while and see
• 36:56
  Speaker 1: how things evolve and see if it can resurrect itself
• 36:59
  Speaker 1: in the future. But we will see. There's very little
• 37:05
  Speaker 1: information to suggest one way of the other the offer crossing,
• 37:09
  Speaker 1: the crossing with Egypt is going to open in the
• 37:12
  Speaker 1: days to come. The crossing will be controlled by Israel,
• 37:18
  Speaker 1: the US and Egypt. Egypt will control its side, Israel
• 37:22
  Speaker 1: will control the Gaza side with American supervisions UH. And
• 37:30
  Speaker 1: the exact timeline for the reopening is not set yet,
• 37:35
  Speaker 1: but it's supposed to be. It's supposed to be soon,
• 37:38
  Speaker 1: maybe by maybe by the end of the week. UH.
• 37:42
  Speaker 1: And of course this is other than the other than
• 37:48
  Speaker 1: exits into Israel. This is the only exit Guzlans have
• 37:52
  Speaker 1: and none of them want to go to Israel, and
• 37:54
  Speaker 1: Israel's not accepting them. Of course, Egypt doesn't want them
• 37:58
  Speaker 1: to come in there in massive Egypt does not again
• 38:01
  Speaker 1: accept them. This is more about individuals trade, you know,
• 38:07
  Speaker 1: maybe some people coming back who haven't been to who
• 38:11
  Speaker 1: are out of Gaza when the war began. It'll be
• 38:14
  Speaker 1: interesting to see what actually happens once the crossing is opened.
• 38:18
  Speaker 1: A lot of aid will flow through this crossing and
• 38:22
  Speaker 1: we will see. Of course, there are attempts to build
• 38:26
  Speaker 1: an independent Palestinian police force. What that means, what independent
• 38:32
  Speaker 1: means who will run it? Where they're recruiting people from
• 38:37
  Speaker 1: It is all hard to tell. And again the incentives
• 38:40
  Speaker 1: here are not aligned Israel. Israel does not want the
• 38:43
  Speaker 1: Palestinian authority involved, it doesn't want Hamas involved. The Americans
• 38:46
  Speaker 1: just want to get it done, and they're willing to
• 38:48
  Speaker 1: have anybody involved it's possible. And of course they're getting
• 38:51
  Speaker 1: a lot of pressure from the Kataris, from the Egyptians,
• 38:54
  Speaker 1: from the Turks, and from the Saudis. So you know,
• 39:05
  Speaker 1: things are moving in Gaza, slowly, but they are moving
• 39:09
  Speaker 1: the By the way, the passage in Rafa between Egypt
• 39:12
  Speaker 1: and Gaza is or refuse to open it until the
• 39:16
  Speaker 1: last hostage of the return. That was the deal, that
• 39:19
  Speaker 1: was the agreement that was signed. Now that the last
• 39:21
  Speaker 1: hostage has been returned, they are committed to opening it.
• 39:25
  Speaker 1: And now phase two starts, which means this armament of Ramas,
• 39:30
  Speaker 1: the new political entity starting to run Gaza, and the
• 39:34
  Speaker 1: rebuilding phases start, you know, the beginnings of the rebuilding phases.
• 39:40
  Speaker 1: We will see, we will see. All right, Well, all
• 39:49
  Speaker 1: of this is going on, and more of course is
• 39:51
  Speaker 1: going on. Tariffs and trade is never far from Trump's focus.
• 39:58
  Speaker 1: This is the thing he's most at the end of
• 39:59
  Speaker 1: the they passionate, excited about He loves tariffs. It's his
• 40:04
  Speaker 1: favorite word in the English language, according to Trump. So
• 40:12
  Speaker 1: was it Monday, Yes, Monday he posted and you post
• 40:16
  Speaker 1: about him being unhappy with South Korea. In this case,
• 40:23
  Speaker 1: remember there's a trade deal between the United States and
• 40:25
  Speaker 1: South Korea. They were going to invest trillions of dollars
• 40:27
  Speaker 1: in America, and they were going to lower tariffs and
• 40:30
  Speaker 1: all this stuff was going to happen, and the United
• 40:32
  Speaker 1: States was going to increase tariffs on them to fifteen percent.
• 40:36
  Speaker 1: That's the deal. Trump complained yesterday. South Korea's legislation is
• 40:42
  Speaker 1: not living up to its deal with the United States.
• 40:45
  Speaker 1: In each of these deals, we have acted swiftly to
• 40:48
  Speaker 1: reduce our tariffs. There's a lie. All the deals involved
• 40:52
  Speaker 1: raising tariffs in line with the transaction agreed to. We
• 40:56
  Speaker 1: of course expect our trading partners to do the same
• 41:00
  Speaker 1: because the South Koreans are not acting swiftly enough. And
• 41:05
  Speaker 1: remember this all involves the United States raising tariffs in
• 41:10
  Speaker 1: South Korea to fifty percent. They were much lower than that,
• 41:14
  Speaker 1: under five percent before this deal signed. Because they're not
• 41:20
  Speaker 1: acting fast, because they're not ratifying this agreement, Trump threatens
• 41:26
  Speaker 1: to rate taffs South Korea to twenty five percent. Twenty
• 41:31
  Speaker 1: five percent. Remember, in recent weeks, Trump has threatened to
• 41:39
  Speaker 1: raise tariffs on Canadian products one hundred percent, and you know,
• 41:48
  Speaker 1: and he threatened to raise tariffs to ten and then
• 41:54
  Speaker 1: twenty five percent in European countries that did not agree
• 41:57
  Speaker 1: to his takeover of Greenland. And I mean Trump uses
• 42:01
  Speaker 1: tariffs as his main from policy tool and his main
• 42:05
  Speaker 1: tool to distract all of us when something else is
• 42:09
  Speaker 1: going on, I mean, whether it's ice, whether it's something else,
• 42:14
  Speaker 1: why not shift focus onto the tariffs. Of course, tariffs
• 42:19
  Speaker 1: are not particularly popular for him either, so his ratings
• 42:23
  Speaker 1: when it comes to economics in the polls pretty bleak
• 42:26
  Speaker 1: right now, pretty bleak. Now, South Korea, you know, said
• 42:33
  Speaker 1: it hasn't received any form of notification or detailed explanation
• 42:36
  Speaker 1: about what the hell Trump is talking about. You know,
• 42:40
  Speaker 1: they're sending their industry minister to come and have a
• 42:44
  Speaker 1: chat with Howard Lutnick, our Commas secretary, our pretty dumb
• 42:51
  Speaker 1: Comma secretary. And the trade minister is also expected to
• 42:57
  Speaker 1: visit the United States soon to talk to the US
• 43:00
  Speaker 1: trade representatives. So, you know, South Korea, this isn't important.
• 43:04
  Speaker 1: This is an important trade relationship for them, and they
• 43:07
  Speaker 1: have no interest in this, you know, going to twenty
• 43:12
  Speaker 1: five percent or whatever whatever it happens to be, or
• 43:14
  Speaker 1: even a fifteen percent. They would much rather have something
• 43:18
  Speaker 1: at much lower rates, and they will continue to negotiate
• 43:20
  Speaker 1: to try to get it. Now, the history of Trump's
• 43:24
  Speaker 1: threats towards various countries. I'm going to raise tariffs on this,
• 43:29
  Speaker 1: I'm going to rage tariffs on that. You know, he had,
• 43:33
  Speaker 1: he had the tariff raising tariffs on anybody who traded
• 43:38
  Speaker 1: with Iran. And it turns out, it turns out that
• 43:47
  Speaker 1: Trump carries out about one in four of the threats
• 43:51
  Speaker 1: that he makes, so about twenty five percent of his threats. Right,
• 43:56
  Speaker 1: So they've they've taken this is Bloomberg took forty nine
• 44:01
  Speaker 1: Trump tariff threats since November twenty twenty four, right, and
• 44:07
  Speaker 1: then analyzed them. Twenty six point five percent of them
• 44:11
  Speaker 1: were not imposed, twenty two point four percent of them
• 44:16
  Speaker 1: are still on the investigation, twenty point four percent were
• 44:21
  Speaker 1: imposed in full. Only one you know, one fifth, sixteen
• 44:26
  Speaker 1: point three was drawn, eight point two imposed in parts,
• 44:31
  Speaker 1: and six point one imposed in full then were drawn.
• 44:37
  Speaker 1: Uh so you basically get you know taco. This is
• 44:42
  Speaker 1: the whole idea of him being, you know, these these
• 44:45
  Speaker 1: threats that are not real, and him changing his mind
• 44:49
  Speaker 1: when he wants when the when the stock market declines. Now,
• 44:54
  Speaker 1: one of the consequences of the withdrawal of the United
• 44:58
  Speaker 1: States of America from trade agreements and basically the stepping
• 45:04
  Speaker 1: away of the United States from free trade agreements with
• 45:10
  Speaker 1: you know, various nations around the world, and generally it
• 45:12
  Speaker 1: stands it's anti trade stance, it's isolationist in trade. Stands
• 45:18
  Speaker 1: has been that the rest of the world is kind
• 45:20
  Speaker 1: of woken up, and there's been an acceleration of free
• 45:25
  Speaker 1: trade deals among countries out that do not include the
• 45:30
  Speaker 1: United States. I mean, you could take this back to
• 45:33
  Speaker 1: the what is it the Pacific RIM, the trade agreement
• 45:39
  Speaker 1: for the Pacific RIM, which was going to be the
• 45:43
  Speaker 1: United States was going to be participating in under Obama
• 45:48
  Speaker 1: and then Trump basically withdrew the United States from it. Well,
• 45:55
  Speaker 1: there are enough countries out there in the world do
• 45:56
  Speaker 1: see the value in trade when the stand how valuable
• 46:01
  Speaker 1: trade is, and that they are losers when they walk
• 46:06
  Speaker 1: away from low tariff trade. And as a consequence, consequence
• 46:12
  Speaker 1: of that. You saw the EU have the deal with
• 46:17
  Speaker 1: South America. Now I told you that was been delayed
• 46:19
  Speaker 1: by at least a year. But now the EU is
• 46:22
  Speaker 1: saying no, we're going to implement it in spite of
• 46:24
  Speaker 1: it going to the court, because we think the court
• 46:27
  Speaker 1: is going to affirm it anyway. So that's going to
• 46:29
  Speaker 1: go through. We saw trade deals between the UK trying
• 46:35
  Speaker 1: to sign trade deals that you trying to sign trade deals.
• 46:37
  Speaker 1: We sew Canada doing trade deals. They kind of go
• 46:40
  Speaker 1: around the United States. Now we've got a major trade
• 46:44
  Speaker 1: deal between the European Union and India. The agreement creates
• 46:52
  Speaker 1: a free trade zone and it's expected to double EU
• 46:56
  Speaker 1: exports to India by twenty thirty two. Both sides set
• 47:01
  Speaker 1: to eliminate or cut tariffs on a majority of what's
• 47:04
  Speaker 1: being shipped. This will benefit the EU significantly both in
• 47:12
  Speaker 1: terms of exports and inputs, and it gives India competitive
• 47:16
  Speaker 1: edge in terms of exporting labor intensive products where it
• 47:22
  Speaker 1: competes with places like Vietnam, Bangladesh and China, so it's
• 47:28
  Speaker 1: a major deal. It reduces auto tariffs significantly for auto
• 47:33
  Speaker 1: exports from the EU into India, so this is a
• 47:39
  Speaker 1: boost for European automakers and a boost for Indian consumers
• 47:45
  Speaker 1: of automobiles. So a huge deal beneficial to all parties,
• 47:52
  Speaker 1: as trade deals tend to be uh and a reduction
• 47:57
  Speaker 1: of tariffs. And what you're really seeing is the the
• 48:00
  Speaker 1: rest of the world is going to see tarists go
• 48:01
  Speaker 1: down as they trade with one another, and travis go
• 48:05
  Speaker 1: up as they trade with the United States. The main
• 48:09
  Speaker 1: loser of all of that is the United States. You
• 48:12
  Speaker 1: you are the main loser of that. You get more
• 48:15
  Speaker 1: expensive goods, you pay for the tariffs in more expensive goods,
• 48:19
  Speaker 1: and you pay for the TIFFs in a tax. You
• 48:22
  Speaker 1: pay the tariff, which is a tax. You are the
• 48:25
  Speaker 1: loser of all of this. I just give you a
• 48:29
  Speaker 1: sense again of the details of the Indie EU deal
• 48:33
  Speaker 1: eliminates taris on ninety percent of goods traded between EU
• 48:36
  Speaker 1: and India, a double EU goods exported to India by
• 48:40
  Speaker 1: twenty thirty two. Tariffs are cars from EU to India
• 48:43
  Speaker 1: cut from one hundred and ten percent to ten percent,
• 48:47
  Speaker 1: wow from one hundred and ten percent to ten percent.
• 48:50
  Speaker 1: Tabs on wines from EU to India cut from one
• 48:54
  Speaker 1: hundred and fifty percent to twenty to thirty percent. I'm
• 48:57
  Speaker 1: not sure what they what are they trying to protect
• 48:59
  Speaker 1: Indian wines? Go figure why that's not zero tabs on
• 49:04
  Speaker 1: jewelry and textiles from India to the EU cut to
• 49:09
  Speaker 1: ten percent. Tabs on furniture, chemicals, leather and metals from
• 49:14
  Speaker 1: India to the EU cut to zero percent. That's the
• 49:18
  Speaker 1: kind of terrify I like zero percent. Again, this is
• 49:25
  Speaker 1: a deal that took almost twenty years to reach. It's
• 49:31
  Speaker 1: just like the twenty six years it took them to
• 49:32
  Speaker 1: reach the deal with South America. But there's an urgency
• 49:35
  Speaker 1: to getting these signed now. There's a real effort as
• 49:41
  Speaker 1: again America, the United States steps away from global trade
• 49:45
  Speaker 1: that other countries are going to fill the vacuum and
• 49:50
  Speaker 1: refuse to suffer the consequences of just the stupid actions
• 49:56
  Speaker 1: by this administration. Canada, by the way, is Knyie is
• 50:02
  Speaker 1: about to visit India where he will be signing a
• 50:06
  Speaker 1: trade deal with India regarding uranium, energy minerals and AI.
• 50:12
  Speaker 1: So lots of countries are going to sign trade deals
• 50:16
  Speaker 1: while America isolates itself with expensive products. But they're all
• 50:22
  Speaker 1: going to be domestically made. Yay, all right? Yeah, Well,
• 50:32
  Speaker 1: in another another geopolitical consequence, of course, we've talked about
• 50:35
  Speaker 1: this many times out of the United States kind of
• 50:37
  Speaker 1: exiting global trade or making it harder to trade with
• 50:42
  Speaker 1: the United States, is the fact that more and more
• 50:44
  Speaker 1: countries are not only turning to India, but they're also
• 50:47
  Speaker 1: turning to arguably the geopolitical the geopolitical well not enemy,
• 50:56
  Speaker 1: but the challenger to American power, to China and a
• 51:01
  Speaker 1: potential enemy of the United States. And just like Canada
• 51:06
  Speaker 1: cut a deal with China, I think you're going to
• 51:08
  Speaker 1: see more and more and more countries cut deals with
• 51:10
  Speaker 1: China as they lose trust in America, as they come
• 51:16
  Speaker 1: to the conclusion in America at least under Trump, is
• 51:19
  Speaker 1: an unreliable ally and suddenly and not a good market
• 51:23
  Speaker 1: to trade with when the President of the United States
• 51:28
  Speaker 1: at his whim can change tariffs and is inclined to
• 51:31
  Speaker 1: do so on a regular basis. So a huge jupil
• 51:36
  Speaker 1: lega loss as a consequence of this, All right, I
• 51:42
  Speaker 1: took a little bit about Iran and China, and then
• 51:45
  Speaker 1: we'll call it. They so official numbers are coming out
• 51:50
  Speaker 1: of Iran and terms how many killed, how many people
• 51:53
  Speaker 1: were killed? What was it? Two weekends ago. And the
• 51:57
  Speaker 1: numbers are staggering, right. We talked about two thousand and
• 52:01
  Speaker 1: then went to six, and then twelve, and then maybe twenty.
• 52:06
  Speaker 1: And this is two days January eighth, the ninth. The
• 52:11
  Speaker 1: number right now that people are coming are settling on
• 52:14
  Speaker 1: is twin is thirty six thousand, five hundred. That's killed,
• 52:20
  Speaker 1: a number of wounded. Many of the wounded are blinded.
• 52:27
  Speaker 1: Thirty six thousand, five hundred demonstrated civilians, most of the
• 52:35
  Speaker 1: young people, slaughtered by their own government. There are photographs
• 52:42
  Speaker 1: of piles of body bags. Warehouse is filled with body bags.
• 52:48
  Speaker 1: It's not just in Tehran, it is all over Iran.
• 52:51
  Speaker 1: Imagine shooting your own people, your own countrymen in just
• 52:56
  Speaker 1: massacring them, not in a firefight, not in a civil war,
• 53:01
  Speaker 1: just massacre, massacring them. All of this at the direct
• 53:06
  Speaker 1: order of Atul Khamini, the Supreme Leader, and executed by
• 53:13
  Speaker 1: the Islamist Revolutionary God Corp. As well as fun jihadi
• 53:19
  Speaker 1: fighters they brought in from primarily from Iraq that again
• 53:26
  Speaker 1: just drove around slaughtering people in order to suppress the demonstrations.
• 53:33
  Speaker 1: And they've succeeded. Life right now in Yuan is unbearable.
• 53:41
  Speaker 1: There are you know, forces of the regime, whether Islamic
• 53:46
  Speaker 1: evolutionary gods or these Islamist thugs out there, you know,
• 53:53
  Speaker 1: patrolling the streets, not allowing people really to go anywhere
• 53:57
  Speaker 1: and to do to do anything. Uh and uh you know,
• 54:02
  Speaker 1: restricting movement, yeah, you know, and and uh and and
• 54:08
  Speaker 1: really uh you know, making it impossible for people. People
• 54:11
  Speaker 1: even afraid to go to work, afraid to go shopping,
• 54:15
  Speaker 1: and after six pm the streets basically empty. Streets are
• 54:20
  Speaker 1: basically empty because you know, of of the fear of
• 54:28
  Speaker 1: what the regime will do to them if they're caught outside.
• 54:38
  Speaker 1: Where did I see this? I wanted I wanted to
• 54:39
  Speaker 1: share something with you. Let me just find it. So
• 54:42
  Speaker 1: I just remembered something that I wanted to share with you,
• 54:46
  Speaker 1: and uh, let me find it. Doo, it is all right.
• 54:51
  Speaker 1: This is This is from a This is someone listening
• 54:55
  Speaker 1: to the Iran book show in Iran. In Iran, he writes, Hello,
• 55:03
  Speaker 1: hope you're doing well. I've been a fan and follow
• 55:06
  Speaker 1: of yours for many years and I've learned a lot
• 55:09
  Speaker 1: from listening to your daily lives and your lectures. I'm
• 55:13
  Speaker 1: messaging you from Iran and just wanted to thank you
• 55:16
  Speaker 1: for your support and time. I've watched your four videos
• 55:20
  Speaker 1: uploaded on YouTube channel about the Iranian protests and they've
• 55:24
  Speaker 1: been insightful as always. Just wanted to say, if you
• 55:27
  Speaker 1: want any information about the things happening in Iran or
• 55:31
  Speaker 1: the reliable source on that matter, I would love to help.
• 55:35
  Speaker 1: It says the internet connection from you on is almost
• 55:38
  Speaker 1: non existent. I don't know if I will be able
• 55:40
  Speaker 1: to reconnect the internet tomorrow or the day after. That's
• 55:45
  Speaker 1: replying to you might take a bit of time. So
• 55:48
  Speaker 1: I wrote to him, and I asked him, you know,
• 55:50
  Speaker 1: what's life like after all the killings. A VPN is
• 55:55
  Speaker 1: not going to help you because they're cut off. They
• 55:58
  Speaker 1: have no Internet access even within So this is not
• 56:01
  Speaker 1: about a VPN. This is about getting to a stalling
• 56:04
  Speaker 1: terminal that gets around the official Internet provider. So you
• 56:09
  Speaker 1: can't do this with a VPN. A VPM is not
• 56:11
  Speaker 1: going to save you here. So I asked him what's
• 56:14
  Speaker 1: life like after the killings? He says, everyone is depressed.
• 56:19
  Speaker 1: You can't find a person who doesn't have a relative
• 56:22
  Speaker 1: or a friend or a friend of a friend who
• 56:25
  Speaker 1: is not murdered by the regime. And with more people
• 56:28
  Speaker 1: finding ways to get connected to the Internet, the more
• 56:31
  Speaker 1: videos of the massacre are coming out. Everyone is waiting
• 56:36
  Speaker 1: for Trump and bb to do something. Just wish they
• 56:40
  Speaker 1: don't let us down. The regime's lobbyists, soa wookie tirelessly
• 56:45
  Speaker 1: just so Matt got gets. Matt Getz, the former congressman,
• 56:49
  Speaker 1: did an interview with Aliz who lives in the UK,
• 56:53
  Speaker 1: the guy who is a known terrorst supporter and a
• 56:56
  Speaker 1: tool for the regime. The regime just announced TV and
• 57:00
  Speaker 1: Irani International as terrorist organizations, but didn't do the same
• 57:05
  Speaker 1: for BBC Persian. You know, if you take a look
• 57:09
  Speaker 1: at how they are covering the protests, you'll find out why.
• 57:13
  Speaker 1: The same goes for the US media. They're talking about
• 57:16
  Speaker 1: the likes of the Triante Farce, who is another known
• 57:22
  Speaker 1: lobbyist for the regime, lobby called NIAC, while the while
• 57:28
  Speaker 1: in France, France is calling mech as an alternative opposition,
• 57:33
  Speaker 1: which are marxisty Slamist literal terrorists, right, I won't say
• 57:40
  Speaker 1: where was it? Literal terrorists who are living communal camps
• 57:44
  Speaker 1: in Albania. It's really frustrating, He says, there's no life
• 57:49
  Speaker 1: in Iran. Tehran is a vast city where the restaurants
• 57:53
  Speaker 1: and coffee shops. Since we have no other form of
• 57:56
  Speaker 1: entertainment other than eating, we'll open until one am. In
• 57:59
  Speaker 1: the now, everyone closes at six pm. These you thugs
• 58:05
  Speaker 1: will close the streets with their cars and check people's
• 58:08
  Speaker 1: phones in the middle of the streets if you find
• 58:11
  Speaker 1: If they find something as little as an opposing telegram
• 58:15
  Speaker 1: channel or even in opposition, tweet straight to jail. So
• 58:20
  Speaker 1: it's not safe to go outside after six pm. They
• 58:26
  Speaker 1: are postponing the university exams, the PhD National Interest exam,
• 58:30
  Speaker 1: and even the reopening of the schools. The students cannot
• 58:33
  Speaker 1: get together and protest against them. They've even closed the
• 58:37
  Speaker 1: university dorms for three weeks now. Overall, the no protests
• 58:42
  Speaker 1: happening right now, but the life has not become normal
• 58:45
  Speaker 1: at all. I doubt it'll ever be the same as
• 58:49
  Speaker 1: two weeks ago. The people of Iran are waiting for Trump,
• 58:56
  Speaker 1: and he says, please don't use my name because he's worried.
• 59:00
  Speaker 1: He's worried about getting into trouble. So yeah, I mean,
• 59:07
  Speaker 1: it's life is is horrific over there again. You know,
• 59:13
  Speaker 1: the everybody knows somebody who was murdered by this regime.
• 59:18
  Speaker 1: When you're talking about tens of thousands of people, that
• 59:21
  Speaker 1: is that is going to be the reality. Uh that
• 59:25
  Speaker 1: it's uh, it's like that now. In the meantime, the
• 59:29
  Speaker 1: US clearly has now deployed all the resources it needs
• 59:33
  Speaker 1: for an attack on Iran. The aircraft carrier group is
• 59:36
  Speaker 1: in position as far as I can tell, Uh, the
• 59:41
  Speaker 1: anti aircraft batteries, the airplanes, the aircraft, the refueling aircraft,
• 59:46
  Speaker 1: everything is in position. All it needs now is a
• 59:49
  Speaker 1: wood from Trump. And you know in the US could
• 59:54
  Speaker 1: could could you know, rain rain hell on on Iran.
• 1:00:03
  Speaker 1: According to news reports, the United States is weighing precision
• 1:00:07
  Speaker 1: strikes on high value Iranian officials and commanders who it
• 1:00:12
  Speaker 1: deems responsible for the deaths of protesters during the recent
• 1:00:16
  Speaker 1: brutal crackdown. That's according to golf officials. It could happen
• 1:00:25
  Speaker 1: anytime this week. But the time that I keep shifting
• 1:00:30
  Speaker 1: because while Trump might deny that there's negotiations with Iran
• 1:00:34
  Speaker 1: going on, they are going on with Cuff and the
• 1:00:38
  Speaker 1: Foreign Minister or exchanging messages constantly and generally the situation
• 1:00:44
  Speaker 1: within the Trump administration is chaotic. And they're trying to
• 1:00:49
  Speaker 1: figure out They're trying to figure out what they want
• 1:00:51
  Speaker 1: to do. They're trying to figure out how you won
• 1:00:53
  Speaker 1: will respond. I think what they're trying to do is
• 1:00:57
  Speaker 1: figure out a way where Trump can say that he
• 1:01:00
  Speaker 1: did something without triggering a massive Iranian response. So they'll
• 1:01:07
  Speaker 1: take out a few IRGC commanders and they won't take
• 1:01:12
  Speaker 1: out how many, and you know you on will then
• 1:01:16
  Speaker 1: launch a few missiles at an American base in Cotail
• 1:01:19
  Speaker 1: like they did last time, and everybody will be happy.
• 1:01:22
  Speaker 1: America did something and it didn't result in the stoppage
• 1:01:27
  Speaker 1: of oil and the blockage of the Home Wos Straits,
• 1:01:32
  Speaker 1: and it didn't draw Israel into the war. The Americans
• 1:01:35
  Speaker 1: will be happy, the Ranian regime will be happy with
• 1:01:38
  Speaker 1: Coff will be ecstatic, the Kataris will be happy, the
• 1:01:41
  Speaker 1: Tucks will be happy to gyp, you know, and nothing
• 1:01:44
  Speaker 1: will change. That is actually what I think will happen.
• 1:01:50
  Speaker 1: I don't think the United States is cant engage in
• 1:01:53
  Speaker 1: the kind of bombing that would facilitate regime change now.
• 1:02:01
  Speaker 1: In the meantime, the Saudis, the UE, and Katawa banned
• 1:02:04
  Speaker 1: the US from using the airspace, although the UAE is
• 1:02:08
  Speaker 1: supportive of a US US operation. You know, I don't
• 1:02:13
  Speaker 1: know that the United States cares about not being able
• 1:02:16
  Speaker 1: to use the airspace. If they really want to teck
• 1:02:18
  Speaker 1: you on, they can do it without using that space.
• 1:02:20
  Speaker 1: Or they could just ignore those countries and use the
• 1:02:22
  Speaker 1: airspace anyway, which is what I would do. What are
• 1:02:26
  Speaker 1: they going to do about it, Absolutely nothing. They'll deny
• 1:02:29
  Speaker 1: they knew anything about it. At this point. It just
• 1:02:33
  Speaker 1: you know, Trump needs to decide what he wants to do.
• 1:02:41
  Speaker 1: But again, my expectation is it'll be, I mean, the
• 1:02:46
  Speaker 1: opposite of what Israel has asked. Israel is asked it
• 1:02:49
  Speaker 1: to be something substantial, something that could lead to the
• 1:02:54
  Speaker 1: fall of the regime, and something that actually does significant
• 1:02:58
  Speaker 1: damage to whatever they're still doing on the nuclear front
• 1:03:02
  Speaker 1: and whatever they are doing in terms of ballistic missiles.
• 1:03:07
  Speaker 1: And I suspect that will not be done. That it
• 1:03:12
  Speaker 1: will be just go after a few key figures at
• 1:03:16
  Speaker 1: the leadership of you on, and and really not touch
• 1:03:19
  Speaker 1: anybody anything else. So and I doubt that Trump will
• 1:03:23
  Speaker 1: give Israel the green light to participate. Even if Israel's attacked,
• 1:03:29
  Speaker 1: I'm not sure Trump will gives them the green light
• 1:03:32
  Speaker 1: to participate. I wish they you know, Trump, and just
• 1:03:35
  Speaker 1: did it anyway, but that won't happen. All. I keep
• 1:03:41
  Speaker 1: watching you on. We'll see what happens. We'll see what happens,
• 1:03:44
  Speaker 1: We'll see what the updates are. Finally, you know, something
• 1:03:49
  Speaker 1: big is happening in China, and I'm frustrated because I
• 1:03:54
  Speaker 1: have no idea what. I don't think, I don't think
• 1:03:57
  Speaker 1: very many people know what. But this latest purge is big.
• 1:04:03
  Speaker 1: It's the purge of the highest ranking members of the
• 1:04:06
  Speaker 1: Chinese Communist Party in many, many years. And these are
• 1:04:10
  Speaker 1: people close to Ki. These are people who are being
• 1:04:14
  Speaker 1: key allies for a very long time. And so is
• 1:04:24
  Speaker 1: she doing the purging or is this part of the
• 1:04:28
  Speaker 1: purge of She? Is this somebody else doing the purging?
• 1:04:33
  Speaker 1: And there are a lot of speculation, a lot of rumors,
• 1:04:39
  Speaker 1: but nobody knows. Nobody knows. But again, big major events,
• 1:04:47
  Speaker 1: probably a short term reprieve for Taiwan, because after getting
• 1:04:53
  Speaker 1: the entire leadership of the military, it's unlikely you invade Taiwan,
• 1:04:59
  Speaker 1: very unlikely Taiwan. So I would say the probability right
• 1:05:02
  Speaker 1: now that in the next few months Taiwan gets invaded
• 1:05:05
  Speaker 1: is probably the lowest that's been in a long time.
• 1:05:10
  Speaker 1: But exactly what the outcome of this is, I mean,
• 1:05:15
  Speaker 1: my hope is and I don't know if this is
• 1:05:17
  Speaker 1: a reasonable hope or not, but there are there's some
• 1:05:20
  Speaker 1: evidence to suggest this, and I've been talking about this
• 1:05:23
  Speaker 1: for months now, for over six months, and that this
• 1:05:27
  Speaker 1: purge signifies She's weakness. And then indeed this is part
• 1:05:34
  Speaker 1: of the process of certain people within the Chinese Communist
• 1:05:38
  Speaker 1: Party trying to get rid of Xi and an effort
• 1:05:43
  Speaker 1: by some to return China to the prex era where
• 1:05:48
  Speaker 1: China was a lot more open, a lot less hostile,
• 1:05:52
  Speaker 1: and a lot more inclined towards markets and less inclines
• 1:05:57
  Speaker 1: towards central planning. That would be good for China and
• 1:06:01
  Speaker 1: will actually be good for the world if that happened.
• 1:06:04
  Speaker 1: So what I would like to see is she fall,
• 1:06:08
  Speaker 1: But it's very difficult to tell if that's indeed what's happening.
• 1:06:13
  Speaker 1: But let us hope not that hope works, and I'm
• 1:06:18
  Speaker 1: not going to ask you to pray because that doesn't
• 1:06:20
  Speaker 1: work either. But it's no question fascinating what's happening. That
• 1:06:28
  Speaker 1: the politics within the Chinese Communist Party are really interesting uh,
• 1:06:34
  Speaker 1: and and that this is these are pure power plays.
• 1:06:37
  Speaker 1: This is all about power. This has nothing to do
• 1:06:41
  Speaker 1: with corruption. Corruption is always an excuse for power. It
• 1:06:50
  Speaker 1: also could suggest that the Chinese military, in terms of
• 1:06:57
  Speaker 1: preparation for a Taiwanese invasion, it's a lot less prepared
• 1:07:02
  Speaker 1: than what the West assumes. We always overestimate the power
• 1:07:08
  Speaker 1: efficaciousness of authoritarian militaries. All right, guys, that is the
• 1:07:18
  Speaker 1: news for today, Tuesday, January twenty seventh. Glad you joined me,
• 1:07:25
  Speaker 1: Thank you for being here. All right, we're gonna go
• 1:07:29
  Speaker 1: to your super chats. Before we do that, let me
• 1:07:34
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• 1:07:38
  Speaker 1: The target is two hundred and fifty dollars an hour,
• 1:07:40
  Speaker 1: which is compensate me for the time of producing these shows.
• 1:07:45
  Speaker 1: Two that's two and fifty dollars an hour for the
• 1:07:49
  Speaker 1: super chat competition, which actually has to be much higher
• 1:07:54
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• 1:07:56
  Speaker 1: that in prep and everything else. And that would include
• 1:08:00
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• 1:08:03
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• 1:08:06
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• 1:08:10
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• 1:08:13
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• 1:08:16
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• 1:08:19
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• 1:08:22
  Speaker 1: thousand dollars ones they are, the you know, the easier
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• 1:08:33
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• 1:08:36
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• 1:08:40
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• 1:08:43
  Speaker 1: please engage on Patreon. Here. You can do a sticker,
• 1:08:50
  Speaker 1: you can do a super chat. Michael has basically done
• 1:08:53
  Speaker 1: I don't know, ten super chats or something like that
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  Speaker 1: and almost gotten us to a first I will go,
• 1:09:00
  Speaker 1: we're still about seventeen dollars short, so it would be
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  Speaker 1: Rockies in May to talk for definers of capitalism, this
• 1:12:03
  Speaker 1: time about phone policy and its relationship to capitalism. What's
• 1:12:06
  Speaker 1: a capitalist phon Polsey? How do you do that? And finally,
• 1:12:13
  Speaker 1: Alex Epstein. Alex Epstein is a leading thinker in the
• 1:12:16
  Speaker 1: world on issues related at fossil fuel and energy and
• 1:12:20
  Speaker 1: electricity and climate change and environmentalism. Check out his stuff.
• 1:12:24
  Speaker 1: He is phenomenal, really exceptional, an amazing communicator about these issues.
• 1:12:31
  Speaker 1: He will make you a better communicated about him, and
• 1:12:34
  Speaker 1: he will enhance your knowledge about a crucial field that
• 1:12:37
  Speaker 1: we're all living with. You know, whether you get power
• 1:12:41
  Speaker 1: outages or whether you get whether your electricity prices are
• 1:12:45
  Speaker 1: going up like this, Alex is the guy to explain
• 1:12:48
  Speaker 1: why that is happening all right. And finally a reminder
• 1:12:52
  Speaker 1: again stickers a what do you call it? Super chats?
• 1:13:00
  Speaker 1: Now twelve dollars short of our super chat goal for
• 1:13:04
  Speaker 1: the hour, So somebody do twelve dollars or do three
• 1:13:09
  Speaker 1: four dollars stickers or something like that. All right, let
• 1:13:12
  Speaker 1: me thank let me thank the stick of people first,
• 1:13:15
  Speaker 1: Principal and Roland, thank you guys. And let's see and Greg,
• 1:13:22
  Speaker 1: thank you for the sticker. And friend Harper, thank you.
• 1:13:28
  Speaker 1: And whoops, let's see who else we have here? We
• 1:13:31
  Speaker 1: have Ryan, and we have Alex, and we have Michael
• 1:13:35
  Speaker 1: and Mike dial and we have Ryan and uh upupa
• 1:13:42
  Speaker 1: bum bu bump bum friend Harper. Yeah, I think we
• 1:13:48
  Speaker 1: got everybody. Greg Lewis, thank you, guys. Really appreciate the support,
• 1:13:52
  Speaker 1: and more of you could become sticker supporters. Wouldn't take munch,
• 1:14:00
  Speaker 1: wouldn't take much. Only seven dollars now, ooh, inching towards it?
• 1:14:05
  Speaker 1: Can we make it? All right? Let's start with Michael
• 1:14:11
  Speaker 1: fifty dollars. Thank you, Michael. Oh this is part two.
• 1:14:15
  Speaker 1: I have to start with part one. Confusing these part
• 1:14:19
  Speaker 1: one twos. All right, Linda, thank you for the sticker.
• 1:14:21
  Speaker 1: Really appreciate it, Michael says. Reading some Rand's writings about
• 1:14:26
  Speaker 1: the mixed economy, she believed it was an even ever
• 1:14:30
  Speaker 1: expanding downward pull that would lead to poverty and totalitarianism
• 1:14:35
  Speaker 1: fairly quickly. But that wasn't the case. The freedom within
• 1:14:40
  Speaker 1: the mixture seems to be able to uppace the distortions
• 1:14:44
  Speaker 1: imposed on it by the mixed economy pressure group. Will
• 1:14:48
  Speaker 1: fit Rand didn't phantom that we can grow faster than
• 1:14:52
  Speaker 1: they can kill us. Yes, I mean she could phantom
• 1:14:56
  Speaker 1: it to some extent. You saw that a little bit
• 1:14:59
  Speaker 1: in that Las Shrugged. But yes, I think she died
• 1:15:08
  Speaker 1: before the explosion in tech. I mean, if you think
• 1:15:12
  Speaker 1: about how we've outpaced the statusts, how the growth has
• 1:15:18
  Speaker 1: been higher than the pace at which they can kill us.
• 1:15:21
  Speaker 1: It's really Silicon Valley, and that's really mid eighties to today.
• 1:15:28
  Speaker 1: That really is the driving force in America. In America economically,
• 1:15:35
  Speaker 1: has been with the tech industry. So it's not she,
• 1:15:44
  Speaker 1: you know, when she died in nineteen eighty two. So
• 1:15:48
  Speaker 1: in nineteen eighty two, it was really at the beginning,
• 1:15:52
  Speaker 1: you couldn't see it being a big deal. You know,
• 1:15:56
  Speaker 1: computers were personal, computers were just starting. Nobody could imagine
• 1:16:00
  Speaker 1: at that point, except maybe Steve Jobs, what that revolution
• 1:16:04
  Speaker 1: would entail, How would we change life, how would it
• 1:16:07
  Speaker 1: would expand the US economy? How would it allow the
• 1:16:10
  Speaker 1: economy to grow as fast as it has grown in
• 1:16:13
  Speaker 1: spite of the statism. And that is why killing Silicon Valley.
• 1:16:19
  Speaker 1: I mean it's like right now, I mean, what would
• 1:16:22
  Speaker 1: the economy be doing right now if not forll AI
• 1:16:26
  Speaker 1: and all the investment in AI. So the tech industry
• 1:16:34
  Speaker 1: is the one that's driven this. The tech industry is
• 1:16:36
  Speaker 1: the least regularly it has been and hopefully will continue
• 1:16:39
  Speaker 1: to be. And she couldn't have predicted that. And while
• 1:16:44
  Speaker 1: she lived to see the deregulation of Jimmy Carter and
• 1:16:48
  Speaker 1: the beginning of Ronald Reagan, I don't think she quite
• 1:16:53
  Speaker 1: understood its full impact in buying US a few decades
• 1:16:59
  Speaker 1: of economic growth. So the deregulation plus the tech industry
• 1:17:05
  Speaker 1: maybe about US half a century maybe longer of economic
• 1:17:09
  Speaker 1: growth without the kind of debilitating catastrophe that the statism
• 1:17:16
  Speaker 1: that has been embraced over the last one hundred and
• 1:17:19
  Speaker 1: something years would otherwise inflict on us. Michael explicit evil
• 1:17:29
  Speaker 1: can't sustain itself long in the West. Is will physile
• 1:17:33
  Speaker 1: out quickly. Most subtle forms of evil like the welfare
• 1:17:37
  Speaker 1: state can be sustained, but outright Britishness won't be tolerated.
• 1:17:42
  Speaker 1: I mean, I think that is true for now. But
• 1:17:47
  Speaker 1: you know, every generation, or every decade or every couple
• 1:17:52
  Speaker 1: of decades that gets eroded just a little bit, a
• 1:17:57
  Speaker 1: willingness to accept more brutality increases just a little bit.
• 1:18:04
  Speaker 1: So over the long run, there is it's hard to
• 1:18:09
  Speaker 1: tell where we land up. In the short run, I
• 1:18:12
  Speaker 1: agree with you. In the longer term, I'm not sure.
• 1:18:16
  Speaker 1: And you could even think of Miller and JD. Vans
• 1:18:21
  Speaker 1: and others, the smarter people in the administration actually viewing
• 1:18:26
  Speaker 1: all of that is happening as a test case, how
• 1:18:29
  Speaker 1: far can we go? Can we go further now than
• 1:18:33
  Speaker 1: we did before? Look how much further Trump has gone
• 1:18:36
  Speaker 1: in his second administration than his first. Well what will
• 1:18:40
  Speaker 1: the Vans or second Vance or Miller or a second
• 1:18:43
  Speaker 1: Mill administration look in the future. So, yeah, I think
• 1:18:57
  Speaker 1: the short run, you're right. Long term, I'm not. I
• 1:19:00
  Speaker 1: don't think so. I fear I'm worried. Ryan says, a
• 1:19:05
  Speaker 1: bunch of scientists have moved to doomsday clock. The doomsday
• 1:19:10
  Speaker 1: clock closer to midnight than ever before. Now that the
• 1:19:16
  Speaker 1: climate crisis is wildly debunked, shouldn't the clock be improved, improving.
• 1:19:22
  Speaker 1: Are they just a bunch of nihilists. Yeah, I mean
• 1:19:24
  Speaker 1: they're just a bunch of nihilists, fearmong green nihilists. They
• 1:19:28
  Speaker 1: don't believe the climate crisis is over. They believe it's
• 1:19:30
  Speaker 1: still there. Now. Add to that, I do think that
• 1:19:34
  Speaker 1: there's a higher risk of World War III of nuclear catastrophe.
• 1:19:39
  Speaker 1: But you know, they believe in the species extinction and
• 1:19:42
  Speaker 1: climate change and plastics of eating your brain and you know,
• 1:19:48
  Speaker 1: all of that stuff. And so yes, every day that
• 1:19:52
  Speaker 1: goes by that we haven't banned plastics, band fossil fuels
• 1:19:57
  Speaker 1: and basically sacrificed our babies for the sake of the
• 1:20:00
  Speaker 1: insects is a day we're closer to doomsday. That's the
• 1:20:04
  Speaker 1: way they viewed. They're truly evil nihilists. Ryan is the
• 1:20:13
  Speaker 1: United States in a constitutional crisis? Yet maybe YBS needs
• 1:20:17
  Speaker 1: a constitutional crisis clock. You could end each show in
• 1:20:23
  Speaker 1: front of the clock and more hands towards midnight or
• 1:20:26
  Speaker 1: way which each which each day is news. Yeah, not
• 1:20:32
  Speaker 1: my style, but yeah, I don't. I mean, we're in
• 1:20:38
  Speaker 1: a constitutional crisis in a sense that I think Congress
• 1:20:41
  Speaker 1: is completely defaulted on its responsibility constitutionally and allowing the
• 1:20:47
  Speaker 1: executive branch to do things that far exceeds its constitutional authority.
• 1:20:53
  Speaker 1: But it's not a you know, Congress often doesn't do
• 1:20:58
  Speaker 1: its job, So it's not you, it's not special. It's
• 1:21:01
  Speaker 1: just more. If the Supreme Court rules against Trump and
• 1:21:10
  Speaker 1: he says to hell with you, that would be a
• 1:21:11
  Speaker 1: real constitutional crisis. I think we're in deep trouble. I
• 1:21:17
  Speaker 1: wouldn't call it constitutional crisis. If the Supreme Court on
• 1:21:20
  Speaker 1: the tariffs rules for Trump, then I'm not sure what
• 1:21:27
  Speaker 1: the Constitution's worth anymore at all, if they could misatubate
• 1:21:31
  Speaker 1: it to that extent. But no, I don't think we're
• 1:21:36
  Speaker 1: yet at a constitutional crisis. And this seems to be well,
• 1:21:39
  Speaker 1: the traditional checks and balances are still not really working
• 1:21:44
  Speaker 1: that well. The non traditional checks and balances are, and
• 1:21:50
  Speaker 1: those of us, the people we just you know, the
• 1:21:55
  Speaker 1: people in Minneapolis just checked, just checked the power of
• 1:21:59
  Speaker 1: the federal government. Just check the power of ice, and
• 1:22:01
  Speaker 1: good for them. Good for them. That's a good check
• 1:22:04
  Speaker 1: and balance. Loan dissenter. I make a living as a
• 1:22:15
  Speaker 1: content creator, non ideological niche niche. My fans are eighty
• 1:22:20
  Speaker 1: five percent leftists. If my views on Israel trans environmentalism,
• 1:22:25
  Speaker 1: et cetera. Were known, my income would disappear. I avoid
• 1:22:29
  Speaker 1: expressing views even in real life. Am I a coward? No?
• 1:22:33
  Speaker 1: I mean I think you have to be realistic about
• 1:22:36
  Speaker 1: your livelihood. You have to make a living, and if
• 1:22:39
  Speaker 1: your livelihood requires you to stay quiet wherever you can.
• 1:22:44
  Speaker 1: You still support the run book show. You still support
• 1:22:47
  Speaker 1: these ideas being expressed out there in the world. You
• 1:22:49
  Speaker 1: still support you should support the Diaman Institute. Support me. Yeah,
• 1:22:54
  Speaker 1: you're doing enough your voice. You have to make a
• 1:22:58
  Speaker 1: living that needs to be a number one prior and
• 1:23:00
  Speaker 1: you're not selling out. It's not like you're voicing the
• 1:23:02
  Speaker 1: opposite views that I would never do. But just think
• 1:23:05
  Speaker 1: quiet is I think the right tactic to do, and
• 1:23:07
  Speaker 1: often it work. You should stay quiet, and if work
• 1:23:11
  Speaker 1: in coaches into your private space, then you have to
• 1:23:15
  Speaker 1: be careful even in your private space. All right, thank
• 1:23:25
  Speaker 1: you guys. Let's see the stickers that I did not think. Yeah, No,
• 1:23:31
  Speaker 1: nobodif r, Android and Linda, thank you for the stickers.
• 1:23:35
  Speaker 1: I appreciate that. Yeah, for his principles. We did all right,
• 1:23:41
  Speaker 1: Michael says, did you watch the Southpark Ice episode? It
• 1:23:50
  Speaker 1: was hysterical? No, I didn't. I don't watch Southwalk regularly.
• 1:23:54
  Speaker 1: I might look for it. It's the perfect thing for
• 1:23:58
  Speaker 1: the South Park to make fun of, so I'm not
• 1:24:01
  Speaker 1: surprised it's hysterical. I'll look for it. Thanks Michael. Also,
• 1:24:05
  Speaker 1: Michael ben Beam mentioned that altruism says evil is powerful.
• 1:24:09
  Speaker 1: Why would that be the case since altruism itself is evil. Altruism, Yeah,
• 1:24:19
  Speaker 1: but it doesn't consider it evil. Altruism doesn't consider itself evil. Hey,
• 1:24:25
  Speaker 1: altruism considers selfishness as evil. Altruism considers selfishness as evil,
• 1:24:32
  Speaker 1: but it also views selfishness as it defines it, not
• 1:24:37
  Speaker 1: as we define it. They consider non altruistic behavior as evil,
• 1:24:44
  Speaker 1: but they also recognize that non altruistic behaviors how stuff
• 1:24:48
  Speaker 1: gets done in the world, how stuff gets achieved in
• 1:24:51
  Speaker 1: the world, and therefore they view it as powerful. So
• 1:24:57
  Speaker 1: evil is power. Evil is powerful. Yeah. So yeah that so, remember,
• 1:25:14
  Speaker 1: they don't view altruism as evil. They view autruisms good.
• 1:25:16
  Speaker 1: They view everything else as you Michael, what makes by
• 1:25:26
  Speaker 1: the way, I should just say before people don't forget
• 1:25:30
  Speaker 1: to like the show, before you leave, press that like
• 1:25:32
  Speaker 1: button doesn't cost you anything, not nothing, but it really
• 1:25:36
  Speaker 1: helps with the algorithm, so please like the show before
• 1:25:40
  Speaker 1: you leave. Also, if you're not a subscriber, subscribe to
• 1:25:44
  Speaker 1: the show. Press that subscribe button. You'll find out when
• 1:25:47
  Speaker 1: I post videos you can ignore it them. But subscribers
• 1:25:52
  Speaker 1: is good. It's good to be a subscriber. And yeah,
• 1:25:57
  Speaker 1: those are the two things I want to remind you.
• 1:25:59
  Speaker 1: Of course, keep supporting the show with your stickers and
• 1:26:02
  Speaker 1: your super chats, and ask anything, any question you have,
• 1:26:06
  Speaker 1: for any amount of money you want. Michael says, what
• 1:26:11
  Speaker 1: makes Ben Bear say Red States would win a civil
• 1:26:16
  Speaker 1: war against Blue States? I don't know. You should have
• 1:26:21
  Speaker 1: asked him, but I would suggest that it has to
• 1:26:27
  Speaker 1: do with the fact that they're probably better armed. They're
• 1:26:31
  Speaker 1: more guns in Red States. Maybe they're more vet you know,
• 1:26:38
  Speaker 1: people who served in the military in Red States. You know.
• 1:26:43
  Speaker 1: I would think that those would be the reasons. Yeah,
• 1:26:51
  Speaker 1: more vets, more arms, more military capabilities. It would be
• 1:26:59
  Speaker 1: a bloody war, really bloody will Michael, are there a
• 1:27:15
  Speaker 1: lot of nihilists in this country and Trump's success is
• 1:27:18
  Speaker 1: his ability to reflect that back to them. I mean,
• 1:27:23
  Speaker 1: that's part of it. But he also encourages there are a
• 1:27:27
  Speaker 1: lot of people who flirt with nihilism. And I think
• 1:27:30
  Speaker 1: that Trump makes it okay, makes it sexy, makes it.
• 1:27:36
  Speaker 1: He represents them, he speaks to them, and they become
• 1:27:39
  Speaker 1: more nihilistic because of it. So it's not just a reflection,
• 1:27:42
  Speaker 1: it's just an inducement, encouragement, a facilitation. Michael oops, why
• 1:27:55
  Speaker 1: did they do that? Michael? Is MAGA a Southern race movement? No,
• 1:28:02
  Speaker 1: I don't think it's limited to the South. I don't
• 1:28:04
  Speaker 1: think racism is limited to South, you know, I I
• 1:28:09
  Speaker 1: you know a lot of the people involved in MEGA
• 1:28:12
  Speaker 1: and lead MAGA not from the South. So no, I
• 1:28:16
  Speaker 1: don't think it is. I think it appeals to the
• 1:28:20
  Speaker 1: elements of racism that's still live in the South, that's
• 1:28:24
  Speaker 1: still that are still embedded in the South. It appeals
• 1:28:29
  Speaker 1: to them, and maybe that's where most of its popularity is.
• 1:28:33
  Speaker 1: But I don't think it's primarily a movement of the South.
• 1:28:39
  Speaker 1: Michael says eight versus one, and they will still and
• 1:28:43
  Speaker 1: they still shot him. These are untrained proud boys cosplaying
• 1:28:48
  Speaker 1: as federal agents. Yes, I think that's that captures it.
• 1:28:51
  Speaker 1: Untrained thugs that have been given a badge and given
• 1:28:55
  Speaker 1: immunity and go police the streets. Michael says, no matter
• 1:29:02
  Speaker 1: how much reality you throw at some people, they will
• 1:29:06
  Speaker 1: continue to evade it. Yes, because the whole way of
• 1:29:11
  Speaker 1: using their consciousness is to not use it. It's to
• 1:29:15
  Speaker 1: use it to evade. It's it's the it's the you know,
• 1:29:20
  Speaker 1: not have to answer the questions, not having to face
• 1:29:22
  Speaker 1: the facts, not having to face reality, and reality scares them.
• 1:29:27
  Speaker 1: Reality scares them. They mind scares them, reason scares them.
• 1:29:34
  Speaker 1: Michael says, how would is all do in an all
• 1:29:37
  Speaker 1: out war with China? Oh, I don't know. China has
• 1:29:40
  Speaker 1: nukes that you know, is alos in a position where
• 1:29:44
  Speaker 1: one nuke destroys it. China could probably tolerate a few
• 1:29:49
  Speaker 1: news So is all can't survive a war with China.
• 1:29:53
  Speaker 1: China's just too big. It's too big, too many planes,
• 1:29:59
  Speaker 1: too many, true to many people, too big. And China
• 1:30:03
  Speaker 1: has aircraft carriers that can come to Israel. Israel doesn't
• 1:30:06
  Speaker 1: have much that can go to China. It has ballistic missiles.
• 1:30:10
  Speaker 1: They can reach China, but not much more than that,
• 1:30:13
  Speaker 1: and even that it's stretching their capabilities. So yeah, it
• 1:30:19
  Speaker 1: is all can't win that war. And it's unlikely they
• 1:30:23
  Speaker 1: would fight such a war now if China came to
• 1:30:26
  Speaker 1: Israel to try to destroy Israel. Without dukes, it would
• 1:30:30
  Speaker 1: have a really hard time and probably would be defeated
• 1:30:33
  Speaker 1: because they can only bring so many troops at the time.
• 1:30:37
  Speaker 1: But China again would never do that. But in all
• 1:30:39
  Speaker 1: our war between the two countries, Israel doesn't have a chance,
• 1:30:46
  Speaker 1: all right, Lincoln says Americans are extremely poorly traveled as
• 1:30:51
  Speaker 1: a country overall, with only a small minority having passports,
• 1:30:57
  Speaker 1: and despite out earning Europe. Why is this, I mean,
• 1:31:04
  Speaker 1: partially is because America is so big already. There's so
• 1:31:07
  Speaker 1: many places you could travel in America. Why go to
• 1:31:12
  Speaker 1: Europe when you haven't yet seen the Grand Canyon or
• 1:31:15
  Speaker 1: you haven't been to your seventy year Yellowstone or or
• 1:31:18
  Speaker 1: any of the national parks. So, I mean, I find
• 1:31:21
  Speaker 1: that Americans are very poorly traveled even within America, And
• 1:31:26
  Speaker 1: a lot of that is because Americans tend to be
• 1:31:30
  Speaker 1: I don't know, they think that they're the center of
• 1:31:34
  Speaker 1: the universe. They have a particularly provicial, provincial attitude. Whatever
• 1:31:40
  Speaker 1: state they're born in, that's the center of the universe.
• 1:31:44
  Speaker 1: They're not that curious. Again, they used to be much
• 1:31:48
  Speaker 1: more mobile. People used to live in different places than
• 1:31:51
  Speaker 1: not as mobile today, and a lot of Americans just
• 1:31:54
  Speaker 1: don't care about the rest of the world. They're very,
• 1:31:56
  Speaker 1: very self centered around America and america importance in America's everything.
• 1:32:06
  Speaker 1: I don't know how much Europeans travel outside of Europe.
• 1:32:09
  Speaker 1: I don't know they travel in Europe, but that's really
• 1:32:13
  Speaker 1: really easy. That's like traveling in the United States. So
• 1:32:19
  Speaker 1: you know, I don't know what the stats are. But
• 1:32:21
  Speaker 1: Americans don't know geography, they don't know much about the world,
• 1:32:24
  Speaker 1: and they don't know much about history. They have a
• 1:32:26
  Speaker 1: lousy educational system, and they're not particularly curious about the
• 1:32:30
  Speaker 1: world and about geography, which is pretty astounding. But I
• 1:32:33
  Speaker 1: found that to be the case since the first time
• 1:32:36
  Speaker 1: I came to America in the nineteen seventies as a teenager.
• 1:32:41
  Speaker 1: I saw more of America as a teenager than anybody
• 1:32:46
  Speaker 1: else in my class. Free market capital. Why deny illegal
• 1:32:53
  Speaker 1: immigrants have pathed the citizenship, let's say, even after paying
• 1:32:57
  Speaker 1: certain fines and they fully assimilated, actively borrowing them from
• 1:33:01
  Speaker 1: ever calling themselves Americans, because I don't think. I think
• 1:33:05
  Speaker 1: citizenship is overrated. And all I'm doing is saying you're
• 1:33:13
  Speaker 1: worried about culture you're worried about voting. They all vote
• 1:33:16
  Speaker 1: Democratic or whatever. Fine, don't give them citizenship. It's just
• 1:33:21
  Speaker 1: not that important to me. So why not? Why not,
• 1:33:28
  Speaker 1: you know, reduce one level of friction with those who
• 1:33:33
  Speaker 1: oppose by taking the citizenship thing off the table. But generally,
• 1:33:40
  Speaker 1: you know, I think, I mean, I've got this view
• 1:33:43
  Speaker 1: that to be a citizen, I eat to vote. You
• 1:33:46
  Speaker 1: should know something about America. You should know its political
• 1:33:49
  Speaker 1: system pretty intimately. And since we don't require that in tests,
• 1:33:54
  Speaker 1: and you're an immigrant, probably haven't gotten learned in school. Okay,
• 1:33:58
  Speaker 1: then don't vote for the next you know, for the
• 1:34:01
  Speaker 1: rest of your life. Big deal, But you get to
• 1:34:04
  Speaker 1: live in this country, enjoy the rights protection this country provides.
• 1:34:12
  Speaker 1: Lincoln women are more likely to go to college while
• 1:34:16
  Speaker 1: men are getting jobs or further education. Why the switch
• 1:34:21
  Speaker 1: compared to decades ago. Well, I mean a big part
• 1:34:25
  Speaker 1: of that is sexist attitudes decades ago about women not
• 1:34:30
  Speaker 1: being not being a they shouldn't work, they should raise
• 1:34:37
  Speaker 1: kids and stay at home. And you know, a cultural
• 1:34:41
  Speaker 1: latitude towards women that they shouldn't go to school, and
• 1:34:45
  Speaker 1: that cultural latitude shifted and women suddenly became eager to
• 1:34:49
  Speaker 1: go to work, and they have. I think the other
• 1:34:53
  Speaker 1: part of that is there are certain jobs that are
• 1:34:57
  Speaker 1: for unskilled, for uneducated people, low skilled jobs that are
• 1:35:03
  Speaker 1: primarily physical that are more appropriate for men than they
• 1:35:07
  Speaker 1: offer women, although they are jobs also like that for
• 1:35:09
  Speaker 1: women that are more properate for women than men. But
• 1:35:14
  Speaker 1: you know, women have to make up for the generations
• 1:35:20
  Speaker 1: really all of history when they couldn't get an education
• 1:35:24
  Speaker 1: or expected not to get an education, and they are
• 1:35:27
  Speaker 1: eager to go and expand their education, prove people wrong
• 1:35:33
  Speaker 1: and prove to themselves, or just show themselves that they
• 1:35:36
  Speaker 1: are capable and then get jobs and show that when
• 1:35:40
  Speaker 1: it comes to reason, they are not second hand class citizens.
• 1:35:51
  Speaker 1: I like numbers. Thoughts on Valiant no longer identifying as
• 1:35:54
  Speaker 1: an objectivist, I don't really understand that he's a student
• 1:35:59
  Speaker 1: of objectives. I don't understand it. I don't get it.
• 1:36:03
  Speaker 1: I don't get the point. So I have no idea, Endrick,
• 1:36:14
  Speaker 1: how could the mid term election restrain and moderate Trump?
• 1:36:17
  Speaker 1: And how could Trump respond? Well, I mean, if the
• 1:36:20
  Speaker 1: Democrats win the House, they will impeach him, and they
• 1:36:24
  Speaker 1: will impeach Nome, and they will impeach other people within
• 1:36:27
  Speaker 1: the administration. So that'll just consume time. If they win
• 1:36:32
  Speaker 1: both House and the Senate, they can hold up his nominations,
• 1:36:37
  Speaker 1: his appointments. You know, if a Supreme Court just leave
• 1:36:43
  Speaker 1: Justice leaves, Trump would have to compromise with him to
• 1:36:45
  Speaker 1: get a Supreme Court judge on the court. A lot
• 1:36:50
  Speaker 1: of things could happen. I mean the Senate. I mean
• 1:36:53
  Speaker 1: almost for certain Republicans lose the House, the question is
• 1:36:56
  Speaker 1: can they lose the Senate as well? You know, whatever
• 1:37:02
  Speaker 1: legislation agenda Trump has, like the Big Beautiful Bill, wouldn't
• 1:37:06
  Speaker 1: have passed and other things like that. So it's time
• 1:37:10
  Speaker 1: consuming harassing the Trump administration and divoting its attention and
• 1:37:19
  Speaker 1: not passing the bills that he wants. Now, how does
• 1:37:21
  Speaker 1: he get back? How does he respond? He responds with
• 1:37:24
  Speaker 1: more executive voters. He responds just the way he's acting
• 1:37:27
  Speaker 1: right now, Just the way he's acting right now. Maybe
• 1:37:34
  Speaker 1: even more so, Lincoln, how much of a problem is
• 1:37:42
  Speaker 1: lower birth rates to the world. On the one hand,
• 1:37:45
  Speaker 1: it means more freedom for women, but it also means
• 1:37:48
  Speaker 1: less future minds. Well, it's hard to say what you
• 1:37:52
  Speaker 1: mean by the world. Does the world have a problem,
• 1:37:56
  Speaker 1: I mean, they might be a problem in the future,
• 1:38:01
  Speaker 1: populations will shrink, economies will have to adjust, the vision
• 1:38:07
  Speaker 1: of labor and specialization will have to adjust. Growth rates
• 1:38:10
  Speaker 1: would shrink because the fewer people and few minds and
• 1:38:13
  Speaker 1: few laborers. But growth will still happen. Gdpeople capital still grow,
• 1:38:23
  Speaker 1: So I don't know who's got a problem. Future generations
• 1:38:27
  Speaker 1: might have to worry about that and deal with it.
• 1:38:32
  Speaker 1: But it's not clear to me that the shift to
• 1:38:36
  Speaker 1: birth rates is permanent. As populations get smaller, they might
• 1:38:41
  Speaker 1: be reversal. There's some evidence to suggest that when people
• 1:38:45
  Speaker 1: get richer beyond a certain point of wealth, gets significantly
• 1:38:50
  Speaker 1: richer beyond a certain point, they have more kids. So
• 1:38:53
  Speaker 1: when they're poor, they have a lot of kids, and
• 1:38:55
  Speaker 1: then they get few and fewer kids as they get richer,
• 1:38:57
  Speaker 1: and then at some point it looks like it reverses
• 1:39:01
  Speaker 1: what happens when the rest of the world gets richer
• 1:39:03
  Speaker 1: and richer and rich or richer, partially because your GDP
• 1:39:07
  Speaker 1: is now being divided into smaller numbers of people. Maybe
• 1:39:11
  Speaker 1: now they have more kids and you get a reversal
• 1:39:14
  Speaker 1: to the shrinkage of the population. I think that trying
• 1:39:18
  Speaker 1: to determine what's going to happen generations from now. What
• 1:39:22
  Speaker 1: economic impact things are going to have generations for now
• 1:39:25
  Speaker 1: is a fools thing. The other thing you have to
• 1:39:27
  Speaker 1: remember is we're going into the era of robots and AI,
• 1:39:31
  Speaker 1: where fewer people are going to be needed to do
• 1:39:33
  Speaker 1: a lot of work, and you won't have less minds,
• 1:39:36
  Speaker 1: which you leve is maybe fewer people, but their minds
• 1:39:41
  Speaker 1: will be focused on the real problems that human beings solve,
• 1:39:46
  Speaker 1: whereas the robots will be doing them mundane jobs. Lina says,
• 1:39:54
  Speaker 1: speaking of taking freedom, there's a great speech for Milton
• 1:39:57
  Speaker 1: Friedman in the late nineties predicting a person to personn
• 1:40:01
  Speaker 1: internet payment system sort of like bitcoin. I'm not surprised.
• 1:40:06
  Speaker 1: I mean, Friedman was incredibly incredible. He was a good thinker,
• 1:40:13
  Speaker 1: and he could see things in advance, you could see
• 1:40:15
  Speaker 1: things in the future. And he was also great communicators.
• 1:40:18
  Speaker 1: His speeches were very good. More by Lincoln. I've recently
• 1:40:24
  Speaker 1: been approached by people at Heritage to become a summer fellow.
• 1:40:29
  Speaker 1: Is it worth joining it to try to change or
• 1:40:33
  Speaker 1: are they a lost cause? I think there were lost cause,
• 1:40:36
  Speaker 1: and certainly you're not going to change it as a fellow.
• 1:40:40
  Speaker 1: As a summer fellow, that's not going to make any difference.
• 1:40:43
  Speaker 1: You know, go somewhere else where you might actually learn
• 1:40:46
  Speaker 1: something and you won't have to deal with these hostile,
• 1:40:50
  Speaker 1: nasty people. Life is too short. Jamie from Canada, can
• 1:40:56
  Speaker 1: you talk a bit about China's economy versus us? My
• 1:41:00
  Speaker 1: friend thinks communism. Capitalism thinks because c if moto ATVs.
• 1:41:07
  Speaker 1: From China reliable and are far cheaper than Yamaha, Japan
• 1:41:11
  Speaker 1: or Canada. I mean, the first thing to recognize is
• 1:41:15
  Speaker 1: China is not communists. There's no communism in China. I
• 1:41:19
  Speaker 1: realized that the first trip I made to China, to Shanghai,
• 1:41:23
  Speaker 1: and the billboards were bigger than Times Square, and luxury
• 1:41:28
  Speaker 1: stores were selling Louis Vitan and everything else all over Shanghai.
• 1:41:33
  Speaker 1: And that's not communism. I don't know what it is,
• 1:41:35
  Speaker 1: but it's not communism. And where they excel is where
• 1:41:39
  Speaker 1: they allow businesses freedom. They don't excel in state owned businesses.
• 1:41:45
  Speaker 1: They excel in the private sector, and they excel where
• 1:41:51
  Speaker 1: there's real competition, and that's because those markets are free.
• 1:41:59
  Speaker 1: That's where because of the little capitalism that exists in China.
• 1:42:05
  Speaker 1: You know, a good book on this is a book
• 1:42:06
  Speaker 1: called How China Became Capitalist. I don't think it became capitalist,
• 1:42:09
  Speaker 1: but how became Capitalist? By God, I forget the author's name.
• 1:42:18
  Speaker 1: The economists to live to be one hundred. So he
• 1:42:20
  Speaker 1: wrote this book when he was one hundred and one. Uh.
• 1:42:23
  Speaker 1: It's a Chinese author plus an American author whose names
• 1:42:26
  Speaker 1: mind right now, but check out How China Became Capitalist.
• 1:42:30
  Speaker 1: China is not communist just because the political party is authoritarian,
• 1:42:36
  Speaker 1: and it's even it's status interventionist. But it's not capitalist.
• 1:42:40
  Speaker 1: It's not communist and it's not capitalist. Somewhere in between
• 1:42:43
  Speaker 1: its mixed economy and those areas where China produces goods
• 1:42:48
  Speaker 1: better than the West are those areas where those companies
• 1:42:52
  Speaker 1: are being left alone, not centrally planned. There it is,
• 1:42:56
  Speaker 1: he says Ning Wang. And RONALDS. Ronald cos As a
• 1:43:00
  Speaker 1: Nobel Prize economist winning economist, and it's a really good
• 1:43:05
  Speaker 1: book which I recommend to understand the Chinese economy. Did
• 1:43:11
  Speaker 1: you get ten Patreon supporters for this month? Yes? I did,
• 1:43:14
  Speaker 1: I did. Were starting to chip into next month's ten.
• 1:43:20
  Speaker 1: Jamie from Canada. If there were zero government handouts for immigrants,
• 1:43:24
  Speaker 1: could there be a wide open boat up for anyone
• 1:43:26
  Speaker 1: anytime who wanted to come and try to make it
• 1:43:29
  Speaker 1: in the West. How many people would come? Would it work? Yes?
• 1:43:35
  Speaker 1: How many people would come? I don't know, millions over time.
• 1:43:38
  Speaker 1: They wouldn't all come at once because there wouldn't be
• 1:43:41
  Speaker 1: enough jobs for them all at once. They would have
• 1:43:43
  Speaker 1: to come in waves, but large waves, and you know,
• 1:43:50
  Speaker 1: and would it work. Yeah, it would work great. I mean,
• 1:43:55
  Speaker 1: it's what happened in nineteenth century in America. They came
• 1:43:59
  Speaker 1: in waves, in large waves. Every year, large numbers of
• 1:44:03
  Speaker 1: people came. It wasn't like tens of millions all at once,
• 1:44:06
  Speaker 1: but significant numbers came every year. And I think the
• 1:44:10
  Speaker 1: same would happen now, Lincoln. How much of America not
• 1:44:23
  Speaker 1: having a female president is sexism versus bad candidates? With
• 1:44:29
  Speaker 1: Hilary and Kamala, I think it's mostly bad candidates. I mean,
• 1:44:33
  Speaker 1: sexism probably paid some role, but it's mostly bad candidates.
• 1:44:36
  Speaker 1: They were both awful A du correct. Is there any
• 1:44:47
  Speaker 1: over the future of the country. Yes, this country has
• 1:44:52
  Speaker 1: one asset left, the matchless productive ability of its people.
• 1:44:56
  Speaker 1: This was Ironman nineteen seventy four. Yeah, that was ninety
• 1:44:59
  Speaker 1: seven four. A long time is passed since then. And
• 1:45:04
  Speaker 1: you have to ask the question, it's fifty years, fifty
• 1:45:07
  Speaker 1: two years, is that still true? And that's a tough one.
• 1:45:12
  Speaker 1: It's getting harder and harder, Lincoln, I want so, Gucci
• 1:45:18
  Speaker 1: adds over the Hammon sickle in Shanghai one time, lots
• 1:45:22
  Speaker 1: of irony of communist system while consuming luxury goods and
• 1:45:26
  Speaker 1: producing luxury goods and having massive inequality and not even
• 1:45:30
  Speaker 1: pretending to be seeking any kind of equality the Oceanist.
• 1:45:37
  Speaker 1: Would it be more accurate to call China fascists? Some
• 1:45:39
  Speaker 1: businesses only existed to benefit the state. Everything within the state,
• 1:45:43
  Speaker 1: nothing against the state. I mean, yeah, I think it's
• 1:45:47
  Speaker 1: closer to fascism and communism, but I think it's wrong
• 1:45:51
  Speaker 1: to think there are only two systems of government. It's
• 1:45:54
  Speaker 1: a statist mixed economy with a heavy, heavy, heavy hand
• 1:45:58
  Speaker 1: of the state places and a very very very light
• 1:46:02
  Speaker 1: end of the state in other places. That's what it is,
• 1:46:08
  Speaker 1: and that's not fascist exactly, and it's not communism at all.
• 1:46:15
  Speaker 1: All right, guys, thank you to all the super chatters.
• 1:46:19
  Speaker 1: Very much appreciated, and I will see you guys tomorrow.
• 1:46:25
  Speaker 1: Tomorrow's the last show before I start traveling, and then
• 1:46:28
  Speaker 1: it'll be more difficult to schedule the shows, but I
• 1:46:31
  Speaker 1: appreciate you all watching. Please like the show before you leave,
• 1:46:37
  Speaker 1: Please subscribe. If you haven't subscribed, go to patreon dot
• 1:46:40
  Speaker 1: com and support the show. And yeah, I have a
• 1:46:44
  Speaker 1: great rest of you week. I'll see you tomorrow. Bye everybody,