Latest / Yaron Brook Show / Deal V.45; Trump; Delinquencies; Russia/NATO; Israel; BlueOrigin; Achievements | Yaron Brook Show

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Deal V.45; Trump; Delinquencies; Russia/NATO; Israel; BlueOrigin; Achievements | Yaron Brook Show · Yaron Brook Show

0:03
Speaker 1: Oh lot of fundamentals of FEDO, lational self interest and
0:10
Speaker 1: any individual lass. This is the show. Oh right, everybody, Uh,
0:26
Speaker 1: thanks for joining me on the IRN book Show on
0:29
Speaker 1: this Friday, May twenty nine. Them just reading the the
0:33
Speaker 1: chat and it's entertaining. So people asking me, what's what's
0:37
Speaker 1: version forty five deal? Version forty five, and it's like
0:42
Speaker 1: the version of the deal that comes after deal forty four,
0:46
Speaker 1: in the one before version forty six. Anyway, there you know,
0:52
Speaker 1: Trump today uh said he is going into the situation
0:56
Speaker 1: room to make a final determination about the deal with
0:59
Speaker 1: you on he spelt out what he says is in
1:03
Speaker 1: the deal. So let me read you Trump's announcement. Eon
1:09
Speaker 1: must agree they will never never have a nuclear weapon Obama.
1:14
Speaker 1: Now this is interesting because he did not capitalize never
1:18
Speaker 1: usually capitalizes for emphasis. No capitalization here, So I'm wondering
1:24
Speaker 1: what Trump is actually thinking. Anyway, this is great. I mean,
1:29
Speaker 1: if you won agrees it actually says it agrees never
1:33
Speaker 1: to have nuclear weapons, then we're back to the Obama deal.
1:37
Speaker 1: That's what they agreed to, and the Obama deal. We've
1:40
Speaker 1: come a long way, expended, a lot of money, gone
1:43
Speaker 1: through a lot of drama just to get back to
1:45
Speaker 1: where we were before. He continues, the home wost Straits
1:49
Speaker 1: must be immediately open. No tolls for unrestricted shipping traffic
1:54
Speaker 1: in both directions. Yeah, just like before the war, like
1:58
Speaker 1: it was on the Obama all water mines, bombs, if any,
2:03
Speaker 1: will be terminated. And the PARENTHESESI says we have removed
2:07
Speaker 1: through detonation numerous such minds without great underwater mine sweepers
2:13
Speaker 1: ion will complete. I mean, if that's true, why didn't
2:16
Speaker 1: they finish the job. Why didn't they just open the
2:18
Speaker 1: home of Straits unilaterally? If that is true and we
2:22
Speaker 1: have such great wine sweep mine sweepers ivon will complete
2:25
Speaker 1: the immediate removal and or detonation of any minds that
2:28
Speaker 1: are left, which will not be many. All right, ships
2:32
Speaker 1: caught in the Strait dute amazing. An unprecedented naval blockade
2:38
Speaker 1: will now which will now be lifted, may start the
2:40
Speaker 1: process of hitting home. Most of the ships caught in
2:44
Speaker 1: the Straits have nothing to do with the US blockade.
2:49
Speaker 1: They have everything to do with Eon closing the straits.
2:53
Speaker 1: The blockade only affects you Runian ships, so most of
2:57
Speaker 1: the ships are not Iranian ships, and they and there
3:01
Speaker 1: because you run blocked. So the mixing of bold eyes, fantasies,
3:10
Speaker 1: and a little bit of truth in every statement that
3:13
Speaker 1: comes out of Trump's mouth is pretty amazing. But I'm
3:16
Speaker 1: sure the Trump supporters who think he is the greatest
3:18
Speaker 1: president maybe ever, will find a way to rationalize even this.
3:26
Speaker 1: Say hello to your wife's, husbands, parents, and families from me,
3:29
Speaker 1: your favorite president. The enriched material, sometimes referred to as
3:35
Speaker 1: nuclear dust, which is very deep underground with virtually collapsed
3:38
Speaker 1: mountains caused by a powerful B two bomber attack eleven
3:43
Speaker 1: months ago, sitting on top of it, will be unearthed
3:46
Speaker 1: by the United States parentheses, which it is agreed is
3:50
Speaker 1: the only country, along with China, with the mechanical capability
3:53
Speaker 1: of doing so close in close coordination conjunction with the
4:00
Speaker 1: Islamic Republic of Iran plus the International Atomic Energy Agency,
4:04
Speaker 1: and destroyed. No money will be exchanged until further notice.
4:11
Speaker 1: Ooh okay, Other items are far less significance have been
4:15
Speaker 1: agreed to. I will be meeting now in the situation
4:18
Speaker 1: room to make a final final, I promise final. I
4:22
Speaker 1: will not change my mind ever again determination. Thank you
4:26
Speaker 1: for your attention to this matter. President Donald J. Trump.
4:31
Speaker 1: That was earlier today, earlier today. Almost an hour later,
4:40
Speaker 1: somebody like that. Fast News, the official news source of Yuan,
4:43
Speaker 1: published a point by point rebuttal of Trump's truth social
4:47
Speaker 1: post uh the Iranian version of the deal. There's no
4:53
Speaker 1: causal clause requiring homos to be toll free, no uranium destruction,
4:59
Speaker 1: and two things Trump didn't mention at all, twelve billion
5:02
Speaker 1: dollars in frozen assets released immediately, he said, no money
5:07
Speaker 1: exchanged before anything else moves, and a ceasefire in Lebanon
5:11
Speaker 1: as a precondition. Trump, of course didn't mention that cease
5:16
Speaker 1: firing Lebanon would be a disaster. So Trump announces a
5:20
Speaker 1: deal you know where Iwan gives up its nuclear program
5:25
Speaker 1: and opens SOMs for free. Evon announces a deal with
5:29
Speaker 1: the US page twelve billion dollars a front and stops
5:32
Speaker 1: the Lebanon war and no guarantees about nuclear Not the
5:36
Speaker 1: same deal. So which version is this version? Forty three,
5:39
Speaker 1: forty five two three ten. In the situation room they
5:48
Speaker 1: are meeting. Still haven't heard anything coming out of that
5:50
Speaker 1: situation room. Here's more from the FARS News Agency. Straight
5:57
Speaker 1: and foremost, Trump has claimed that Iran is obliged to
5:59
Speaker 1: ope in the streets of moments without imposing tolls, whereas
6:02
Speaker 1: no such clause exists in the agreement text. Uranus emphasized
6:06
Speaker 1: that after lifting of the blockade, it will open the
6:08
Speaker 1: straits according to its predetermined arrangements. The user arrangement could
6:12
Speaker 1: include monitoring and inspection of vehicles as of vessels, as
6:17
Speaker 1: well as providing services and ensuring security, for which Uranian
6:22
Speaker 1: reporters from Forest News Agency here preparations are underway. By
6:26
Speaker 1: the way, there's also some use out saying that the
6:29
Speaker 1: Ranians and the Omanis, though Moneys, are supposed to be
6:32
Speaker 1: American allies, have reached an agreement about the process by
6:36
Speaker 1: which they will permit ships to exit the Straits of Homos,
6:41
Speaker 1: and that is going to include a toll fee and
6:44
Speaker 1: an environmental fee, whatever they want to call it. Two
6:47
Speaker 1: dismanding of new materials. Trump is alleged that Iran will
6:50
Speaker 1: dismantle or destroy its destroy its nuclear materials. Knowledgeable sources
6:55
Speaker 1: have stressed that not only is there no such provision
6:59
Speaker 1: in the memorandum of a understanding, but this claim is
7:01
Speaker 1: fundamentally groundless. Key agreement clauses ignored by Trump. Immediate payment
7:09
Speaker 1: of twelve billion dollars. The most crucial part of the agreement,
7:12
Speaker 1: which Trump is not mentioned, is the condition for an
7:15
Speaker 1: immediate payment of twelve billion dollars from Euron's blocked assets.
7:19
Speaker 1: According to the agreement text, this amount must be paid
7:22
Speaker 1: immediately and until this payment is made, Iran will not
7:26
Speaker 1: enter any subsequent negotiation stages. Failure to implement this clause
7:31
Speaker 1: would constante a violation of US commitments. Yeah, I mean,
7:36
Speaker 1: you don't want US violinates commitments because Uron always sticks
7:39
Speaker 1: to the commitments. That's why the States foremost is open
7:42
Speaker 1: Visa VI the cease fire Commitment Agreement two cease fire
7:47
Speaker 1: in Lebanon. Another issue in the establishment of a complete
7:51
Speaker 1: cease fire in Lebanin in accordance with Rizbella's views. Schrisbala
7:57
Speaker 1: gets the dictator what happens in Lebanin Again, this is
8:01
Speaker 1: Fars News Agency. According to knowledgeable sources, only if these
8:06
Speaker 1: issues are resolved with Iran in the next stage engage
8:09
Speaker 1: in discussion regarding the lifting of all sanctions in nuclear
8:13
Speaker 1: and the nuclear issue in accordance with its Uran's red lines.
8:18
Speaker 1: Red lines includes it's keeping the nuclear program in concovered
8:26
Speaker 1: with these statements, UNI officials have emphasized that final agreement
8:30
Speaker 1: will be formulated based on the principles and red lines
8:32
Speaker 1: of the Islamic Republic of Yuon system and with a
8:35
Speaker 1: complete distrustful approach towards the United States, such that any
8:40
Speaker 1: breaking of promises will be met with immediate reciprocal action.
8:45
Speaker 1: In other words, IWON is tough. They are sticking to
8:49
Speaker 1: their guns. They are tough, that are compromising. They've got principles,
8:53
Speaker 1: they know what they want. If I compare Trump's statement
9:00
Speaker 1: and the Uranian statement, who would you believe? Who would
9:05
Speaker 1: you believe? I mean, I believe the Iranians. Trump is
9:10
Speaker 1: spinning this and he's spinning, and he's spinning, is getting
9:12
Speaker 1: vertigo from spinning so much in order to try to
9:16
Speaker 1: position this as somehow a positive and somehow a victory
9:21
Speaker 1: and somehow not surrender, not defeat. But it's clear what
9:24
Speaker 1: this is. This is you know, if this is the deal,
9:29
Speaker 1: what the Ranians are saying, then it's defeat now again.
9:33
Speaker 1: He might still just delay and delay and delay and delay.
9:36
Speaker 1: I'm not sure what that buys him. I'm not sure
9:38
Speaker 1: where we go from there. I think he's still hoping
9:41
Speaker 1: for that economic pressure and it is true. The Uranian
9:45
Speaker 1: economy is struggling, Iran is struggling, the regime is struggling.
9:49
Speaker 1: All of that is true. But they are also good
9:52
Speaker 1: at suffering, so there's zero reason to believe they will
9:55
Speaker 1: actually crumble and fail, sort of them being killed. One
10:06
Speaker 1: other aspects of this deal that is coming to the
10:09
Speaker 1: surface seemingly hard to tell again if this is true
10:13
Speaker 1: or not, but it sounds so true. It has a
10:18
Speaker 1: sense of being true in a sense that this is
10:22
Speaker 1: like classic Witcough kind of stuff. Wickcoff is, of course,
10:26
Speaker 1: the guy negotiating the deal. According to a Poets, a
10:30
Speaker 1: draft US Iran memorandum reportedly includes plans for a three
10:36
Speaker 1: hundred billion, not twelve billion, not one point seven billion,
10:41
Speaker 1: which is what Obama released to the Iranians three hundred
10:45
Speaker 1: billion international investment fund to help rebuild Iran's economy after
10:52
Speaker 1: the war. This is like the reparations according to a Poets.
10:56
Speaker 1: The fund will be discussed during the nation negotiations. Would
10:59
Speaker 1: open the door for major American energy and infrastructure investments
11:03
Speaker 1: in Iran. If a final deal is reached three hundred
11:11
Speaker 1: billion dollars guests whose companies will probably get a majority
11:18
Speaker 1: of those contracts. Yeah yeah, with Cough and the son
11:27
Speaker 1: in law of Trump. According to Wall Street Journal, USE
11:34
Speaker 1: negotiators are more confident than ever that they're nearing the
11:38
Speaker 1: preliminary deal with Iran. Yeah, you know, a surrender deal.
11:42
Speaker 1: The selling point is that it would promise to reopen
11:45
Speaker 1: the streets of homos. This according to Wall Street Journal,
11:47
Speaker 1: the worry is the fine print on Iran's nuclear program,
11:51
Speaker 1: the resolution of which would await sixty days of talks.
11:54
Speaker 1: On Thursday, Action has reported the US and Ranian negotiators
11:58
Speaker 1: reaching an agreement. President Trump has yet to give final
12:01
Speaker 1: approval talking about it now, while agreement is closed, with
12:05
Speaker 1: Iranian initials put on paper, we can report that the
12:09
Speaker 1: text isn't fully settled, and while mister Trump may be
12:13
Speaker 1: reserving his final decision, the ball is now in the
12:16
Speaker 1: Iranian regime's opaque court on two points a final language.
12:21
Speaker 1: Here's where the memo stands again. According to the Wall
12:24
Speaker 1: Street Journal, Urano would commit to determining to demining the
12:28
Speaker 1: Straits within thirty days or so, so traffic can be
12:32
Speaker 1: unrestricted and untold, though the US would expect more commercial
12:36
Speaker 1: shipping to flow through the straits Southern Lane immediately here
12:40
Speaker 1: it's especially important for the language to be clear, as
12:43
Speaker 1: Iuran has already renegged twice on opening the straits. Yes
12:47
Speaker 1: it has. I'm glad the Wall Street Journal unless somebody
12:50
Speaker 1: is noticing that the risk is Ivon tries to charge
12:54
Speaker 1: fees and require permissions to cross. But you just negotiators
12:59
Speaker 1: expect a stray to return to fully pre war operations.
13:03
Speaker 1: A good deal will make sure that refers to the manner,
13:07
Speaker 1: not only the number of vessels transitioning. True enough, I'm
13:12
Speaker 1: not sure a good deal it is possible, given the
13:15
Speaker 1: very nature of this regime. The sides also agree in
13:21
Speaker 1: writing to settle the disposition of Iran's enrich uranium in
13:25
Speaker 1: future talks, though it's better to fill in details of what,
13:29
Speaker 1: when and how in advance. Lets the regime try to
13:32
Speaker 1: wiggle out. The good news is the mooded deal doesn't
13:39
Speaker 1: speak of doesn't only speak of highly enriched uranium. US
13:43
Speaker 1: negotiated appreciate the uranium enriched even to three point sixty
13:47
Speaker 1: seven percent is already seventy percent of the effort towards weapons.
13:50
Speaker 2: Great.
13:52
Speaker 1: They want Iran's stockpile enriched uranium to be disposed of,
13:55
Speaker 1: one way or another. The entire stockpile. I don't think
13:58
Speaker 1: Euron's ever going to agree to that. Elon's regime would
14:03
Speaker 1: be on track for sanctions relief, though not a funt,
14:06
Speaker 1: not a coding Thethranians that would come in exchange for
14:09
Speaker 1: progress and negotiations, and then for performance on the deal.
14:13
Speaker 1: Humanitarian relief in particular, perhaps through the mechanism restricted funds
14:17
Speaker 1: held in kata Oman could be negotiated soon after the
14:20
Speaker 1: memorandum is signed. The right policy is the administration's slogan
14:25
Speaker 1: of no dust, no dollars. I believe that when I
14:29
Speaker 1: see it, the deal's two stage structure is the biggest risk.
14:33
Speaker 1: Without a US blockade during the nuclear negotiations, it will
14:36
Speaker 1: become even harder to extract concessions or secure their execution.
14:41
Speaker 1: Iran dragged out talks with Barack Obama for two years now.
14:45
Speaker 1: It would love to extend Trump's sixty days indefinitely. Like
14:52
Speaker 1: it or not, The US military threat becomes less credible
14:56
Speaker 1: the longer the talks dragon. Despite Iran's renegging on Home
14:59
Speaker 1: war's and repeated attacks on US forces and golf allies,
15:03
Speaker 1: de ceased fire has gone on longer than the war.
15:05
Speaker 1: The regime may conclude, mister Trump won't return to fight.
15:10
Speaker 1: I've concluded that, especially six days sixty days closer to
15:14
Speaker 1: midterm elections, ending the dueling blockades in the deals first
15:19
Speaker 1: phase would help the global economy and especially Iran's emphasis,
15:24
Speaker 1: especially Iran's, but the strait was also open before the war.
15:29
Speaker 1: Merely trading blockade for blockade would offer the present a
15:33
Speaker 1: way out of the war. But it's no victory. This
15:37
Speaker 1: is the the wall set General Board of Editors, right.
15:44
Speaker 1: A good deal would remove our remains of Iran's nuclear program.
15:48
Speaker 1: That means all the enrich uranium and underground sites with
15:51
Speaker 1: the intrusive inspections and enrichment band. Major gaps remain on
15:56
Speaker 1: the second phase. On these second phase matters, and for
16:00
Speaker 1: one reason only Iran's regime still intends to pursue nuclear bombs.
16:05
Speaker 1: It negotiates with that in mind. Now, also note I'll
16:10
Speaker 1: add what is missing from all of these documents and
16:15
Speaker 1: from all of the discussion and from everything that's been
16:17
Speaker 1: said about it. Nothing about missiles. Nothing about missiles, which was,
16:24
Speaker 1: if you remember, one of the goals of the war
16:26
Speaker 1: according to Trump in the early days of the war.
16:30
Speaker 1: Nothing about proxies, the funding of Ramas and Chrisbalan, the
16:35
Speaker 1: huties and so on. In Iraq, nothing zero zilch. That
16:40
Speaker 1: again was one of the goals initially of the war.
16:44
Speaker 1: I guess the United States has surrendered on those fronts.
16:52
Speaker 1: The US is negotiating with Bager Kalibab, who American negotiators
16:57
Speaker 1: consider him to be a moderate. This guy is not
17:00
Speaker 1: a moderate. He is an Islamist fanatic who is one
17:05
Speaker 1: of the people most responsible for the slaughter of Uranians.
17:11
Speaker 1: He has no interest in compromise. He has no interest
17:14
Speaker 1: in actually signing a you know away Ewan's nuclear potential
17:22
Speaker 1: and any money released is gonna go straight into ballistic missiles,
17:27
Speaker 1: straight into ballistic mincils and whatever other weapons they view
17:32
Speaker 1: as essential. Right, And the idea of Witcoff and Kushna
17:41
Speaker 1: that you know they're gonna invest three hundred billion dollars
17:45
Speaker 1: in Iran real estate investments. Maybe, I mean, God, haven't
17:54
Speaker 1: we learned anything to there these people? This stupid or ignorant,
18:00
Speaker 1: corruptor all three? All three, I suspect what would prevent
18:05
Speaker 1: all these investments whould be nationalized? The US army military
18:12
Speaker 1: really anyway, it does look like Trump is going to
18:22
Speaker 1: approve a deal and pretend that it's a different deal
18:25
Speaker 1: than what the deal really is. I think there w
18:29
Speaker 1: two deals w Trump. The deal that Trump has in
18:32
Speaker 1: his head and he'll be communicating to you about, and
18:35
Speaker 1: the real deal that he actually signs in the Iranians
18:37
Speaker 1: will be communicating about. Both sides will declare victory, but
18:41
Speaker 1: clearly this will be a victory for the Ranians and
18:46
Speaker 1: the United States will achieve almost nothing. One of the
18:53
Speaker 1: stories coming out of the Gulf is the fact that
18:58
Speaker 1: Saudi Arabia has basically completely lost the trust in the
19:07
Speaker 1: United States. The Trump's refusal to return to war with Iran,
19:11
Speaker 1: according to Saudi analysts, is going to cost him daily.
19:17
Speaker 1: It basically is another indication of the US's decline in
19:21
Speaker 1: the international state stage, the irrelevance and the growing awareness
19:28
Speaker 1: in Saudi Arabia that they're going to have to figure
19:29
Speaker 1: this out by themselves. The chances that the Saudis will
19:33
Speaker 1: join the Abama Accords have plummeted. The only way, the
19:40
Speaker 1: only way the you know, the Saudis joined the Abama
19:45
Speaker 1: cause if is if Israel and and and Uh and
19:48
Speaker 1: Saudi Arabia win. They haven't. They've lost Boz wants to
19:56
Speaker 1: give Trump benefit of the doubt. I mean on basis
19:58
Speaker 1: of what, on the the basis of ceasefire that was
20:02
Speaker 1: put in place over two months ago and was broken
20:04
Speaker 1: immediately by the Iranians and Trump did nothing. On the
20:08
Speaker 1: basis of the Iranians bombing the UAE and Trump doing nothing,
20:13
Speaker 1: in other words, on the basis of the Iranians violating
20:17
Speaker 1: in the terms of the ceasefire from day one. That's
20:23
Speaker 1: the basis on which we should give Trump the benefit
20:25
Speaker 1: of the doubt. Or on the basis of Trump stopping
20:29
Speaker 1: Israel in June when the Ranians won the Ropes, on
20:37
Speaker 1: the basis of Trump stopping the Israelis from attacking the
20:41
Speaker 1: gas and electrical facilities of Yuan because the Kataris complained,
20:48
Speaker 1: What would be the basis for giving Trump oneoda of
20:52
Speaker 1: a doubt On the basis of his extraordinary rationality, on
20:59
Speaker 1: the basis of his strategic acunum, that he identified the
21:03
Speaker 1: Straits of Foremost as a weak point and made sure
21:07
Speaker 1: to barricade it and defend it on day one of
21:10
Speaker 1: the war. On the basis of any of that, Trump
21:16
Speaker 1: is an irrational child, who can't think long term, who
21:22
Speaker 1: has done no strategizing and is incapable of doing it.
21:28
Speaker 1: There is absolutely zero basis to give him any benefit
21:35
Speaker 1: of the doubt. And as you look at the Saudis
21:41
Speaker 1: moving away from the United States, moving away from Israel,
21:44
Speaker 1: moving you know, much more likely to kind of deal
21:49
Speaker 1: with Youywan and Pakistan and turki and which is going
21:54
Speaker 1: to change the Middle East for the worse. So no,
21:57
Speaker 1: I'm not giving Trump the benefit of the doubt when
22:00
Speaker 1: I owe to have benefited doubt. If it turns out,
22:02
Speaker 1: then he goes back to the war and wins this,
22:05
Speaker 1: you know, wow, then I will be amazed. I will
22:11
Speaker 1: be amazed, but not benefited doubt. Again, given his behavior
22:17
Speaker 1: over the last sixty days, given his behavior in this
22:21
Speaker 1: negotiations with Iran, given his public statements about what's going on,
22:29
Speaker 1: there's basically no reason. No reason. On the contrary, I mean,
22:33
Speaker 1: we live in a I mean, these are dangerous times,
22:39
Speaker 1: these are big, important decisions. Criticism now is essential. Criticism
22:48
Speaker 1: now is what is required. I mean one minute, all right,
23:07
Speaker 1: And of course if I'm wrong, you guys will call
23:09
Speaker 1: me on it, You'll remind me of it. Oh god, boys,
23:17
Speaker 1: you are so delusional. I mean sorry, but you really
23:20
Speaker 1: are just delusional. Bull says about the most straits. That
23:23
Speaker 1: was the failure of the army. No, wasn't. The military
23:26
Speaker 1: literally went to Trump days before he launched the campaign
23:30
Speaker 1: and said the Homos straits and Trump said to them, Ah,
23:33
Speaker 1: don't worry, they'll never do that. They'll never close that.
23:37
Speaker 1: The military had plans to keep it open, but they
23:41
Speaker 1: cannot do those plans without a sign off from Trump.
23:45
Speaker 1: Trump refused to sign off on it. They had plans
23:48
Speaker 1: on day one, on day two, a week in, they
23:50
Speaker 1: had plans on how to open the straits of Homos,
23:53
Speaker 1: and he refused. And then there was Operation Freedom, where
23:56
Speaker 1: they were going to open the streets of Homos, and
23:58
Speaker 1: they had a plan and twelve hours into the operation
24:01
Speaker 1: he withdrew them out. So no, that is a failure
24:07
Speaker 1: of Trump from beginning to end, not a failure of
24:10
Speaker 1: the military. The military knows exactly what it's doing. Indeed,
24:13
Speaker 1: the military has been brilliant during this war. It is
24:19
Speaker 1: the strategy at the highest level. It is the thinking
24:23
Speaker 1: through the consequences at the highest level. That is what
24:32
Speaker 1: is lacking, and that is the inability of Trump. So no,
24:36
Speaker 1: the Straits of Homos, I told you this you know,
24:41
Speaker 1: because I got a message from somebody who has connections
24:44
Speaker 1: in the administration, what was it, less than a week
24:47
Speaker 1: into the war, saying they have no plan to open
24:50
Speaker 1: the states of Homos. This is the administration, not the military.
24:55
Speaker 1: What do they do? What should we do? And I
24:57
Speaker 1: talked about that then, So I mean telling you about
25:00
Speaker 1: this from day one. There's no There are plenty of
25:03
Speaker 1: military solutions. Now they're difficult, they're risky. An American ship
25:08
Speaker 1: could get you know, damaged, American troops might get killed.
25:14
Speaker 1: They even had plans to take the islands. Military was
25:21
Speaker 1: ready to go. The troops are there, the assets are there,
25:24
Speaker 1: the amphibious Marines are there, the airborne eighty second is there.
25:30
Speaker 1: Trump refused to give the go ahead. That's not a
25:33
Speaker 1: military issue. That's a one hundred all right, Okay, So
25:47
Speaker 1: two hours in the situation room so far, Trumps sat
25:51
Speaker 1: with his team for about two hours, came out without
25:53
Speaker 1: a call and any deal with you on. Per a
25:56
Speaker 1: senior official talking anonymously about the closed meeting, they think
26:02
Speaker 1: they're close, but close isn't done, and a few things
26:05
Speaker 1: are still being argued over, mainly whether to unfreeze the
26:08
Speaker 1: Ranian money. So the deal's basically there. It's the cash
26:12
Speaker 1: that's holding everything up. I mean, nig Canna unfreeze it.
26:15
Speaker 1: Eon is not going to do it without unfreezing it.
26:17
Speaker 1: They'll call it something else. They'll they'll make up a
26:19
Speaker 1: story that they can sell to all of us. But
26:23
Speaker 1: they'll give you on what they want, right, they'll give
26:26
Speaker 1: you on what they want at least that's what it
26:28
Speaker 1: looks like. Yeah, I mean, Trump's not walking away from
26:41
Speaker 1: a deal. He's the deal maker, He's the guy. I
26:44
Speaker 1: let's put aside version forty five. We'll be talking about
26:47
Speaker 1: version forty six now Tomorrow. Tomorrow there's an AMA. Remember
26:51
Speaker 1: Tomorrow AMA at two pm Eastern time. You will have
26:54
Speaker 1: the panel. You guys can be on here. If you're
26:56
Speaker 1: twenty five and above on a monthly basis, you can.
27:01
Speaker 1: You can be on the panel. You can. Of course,
27:04
Speaker 1: you can ask me anything on any show, but tomorrow
27:06
Speaker 1: is the show dedicated just to your questions. So please
27:10
Speaker 1: consider joining us two pm tomorrow and bring your super
27:13
Speaker 1: Chat dollars with you. And then Sunday it'll be me
27:19
Speaker 1: and Nikos talking about the Frankfurt School postmodernism, the Frankfurt School.
27:26
Speaker 1: It'll be really interesting. I mean, it's it's something that
27:28
Speaker 1: people talk about a lot but know very little about.
27:31
Speaker 1: Nicos knows a lot about it. So we'll be talking
27:33
Speaker 1: about that, and it should be it should be interesting.
27:37
Speaker 1: On Monday, there'll be two shows. There will be a
27:40
Speaker 1: new show you know, your regular time three pm, probably
27:44
Speaker 1: east of those time, and then I'll be doing a
27:47
Speaker 1: show on nuclear energy on Monday evening. So instead of
27:52
Speaker 1: an interview, which I don't think I have, we'll be
27:54
Speaker 1: doing the nuclear energy Nuclear Energy show in the evening.
28:00
Speaker 1: All right, all right, so let's turn to some other
28:07
Speaker 1: Trump news. There's a lot of Trump news, and I'm
28:10
Speaker 1: sorry I keep talking about Trump, but the reality is
28:12
Speaker 1: that Trump just creates so much news it's hard to
28:16
Speaker 1: talk about anything else because Trump puts himself as a
28:19
Speaker 1: center of attention on everything. I mean, Trump does more
28:23
Speaker 1: in a day than you know, Biden, Obama or Bush,
28:27
Speaker 1: any of those presidents did in a month or maybe
28:30
Speaker 1: an exaggerating in a week, so it's hard not to
28:33
Speaker 1: do so. For example, you remember the Anti Representization Fund,
28:38
Speaker 1: the one point seven seven six billion dollars set aside
28:41
Speaker 1: as a sediment for Trump suing his own government for
28:45
Speaker 1: something that happened while he was president of his government
28:49
Speaker 1: by a contractor that was a ten billion dollar lawsuit.
28:53
Speaker 1: And this one point seven seven six billion dollar is
28:56
Speaker 1: supposedly a sediment which he reached negotiating with himself. Anyway,
29:04
Speaker 1: there being now three lawsuits claiming, uh, this is inappropriate
29:09
Speaker 1: and and a violation of a variety of different statutes,
29:13
Speaker 1: I guess. And today this morning, a judge paused the
29:19
Speaker 1: Anti Weaponization Fund the slush fund temporarily, so it prevents
29:27
Speaker 1: officials from transferring money into the fund, paying any claims
29:31
Speaker 1: out of the fund, or moving anything forward in terms
29:34
Speaker 1: of the creation of the fund. The order was issued
29:37
Speaker 1: by a judge Lonely Bikama in the Eastern District of Virginia.
29:45
Speaker 1: Uh and she writes it's important that the status quote
29:50
Speaker 1: be maintained. Uh and uh yeah, so uh you know.
29:55
Speaker 1: The the the lea the plaint of challenging the fund
30:01
Speaker 1: in this particular case is a former prosecutor involved in
30:05
Speaker 1: is a former prosecutor involved in cases over the January sixth,
30:08
Speaker 1: twenty twenty one attack on the Capitol. There are other challenges.
30:13
Speaker 1: They include a professor prosecuted after protesting an immigration rate,
30:19
Speaker 1: a city whose federal funding has been threatened because it's
30:22
Speaker 1: limit corporation and immigration enforcement. The National Abortion Federation, Association
30:27
Speaker 1: of Clinics, and voter advocacy group Common Cause. So they're
30:32
Speaker 1: all claiming, you use the government against us, and yet
30:38
Speaker 1: we won't have access to this fund. That's unconstitutional. This
30:41
Speaker 1: is just a slush fund for your friends. The Justice Deviardment,
30:46
Speaker 1: on the other hand, is saying, no, the fund will
30:47
Speaker 1: be up to anyone, including the Democrats who suffered because
30:51
Speaker 1: the legal system was used against them for illegal or
30:54
Speaker 1: improper political aims. Who's going to determine that. Of course,
30:58
Speaker 1: the Justice Department and the just dearmer going to claim
31:00
Speaker 1: that Trump did something illegal or improperly political. No, they
31:07
Speaker 1: claim that everything will be waited by a weight by
31:11
Speaker 1: a five member commission who will be appointed by Acting
31:14
Speaker 1: Attorney General Todd Blanche So a partisan commission. Clearly. Anyway,
31:24
Speaker 1: we'll see where this goes. The government is supposed to respond,
31:30
Speaker 1: I guess within a few days, and then we'll see
31:35
Speaker 1: where the case where the case goes, Yeah, I mean,
31:45
Speaker 1: I think that's the same case with a thirty four
31:47
Speaker 1: former federal judges. Bipartisan just asked the court to reopen. Oh,
31:52
Speaker 1: this is a different case relating to the same thing.
31:54
Speaker 1: Thirty five former federal judges bi partisan just asked the
31:57
Speaker 1: court to reopen Trump's sham loss against the iOS and
32:03
Speaker 1: investigate whether the so called settlement was a fraud on
32:06
Speaker 1: the court. Here's what happened, you know, so we know
32:10
Speaker 1: the lawsuits and everything else, but the judge was going
32:14
Speaker 1: to have asking real questions about whether the president can
32:17
Speaker 1: negotiate with himself. Two days before briefs by the government
32:24
Speaker 1: and by Trump would do Trump yanked the lawsuit. Hours later,
32:29
Speaker 1: settlement magically appeared. The former judges told the court the
32:35
Speaker 1: deal raised us profound questions about the parties Canada towards
32:39
Speaker 1: the court and manipulation of the judicial system. So that'll
32:46
Speaker 1: be interesting. That's another one of these. Another lawsuit, so
32:52
Speaker 1: but it's you know, blocked for now. And then another
32:55
Speaker 1: one is is filed by a former Department of Vetta's
33:01
Speaker 1: Affairs employees. She writes, established enter this slush fund constitutes
33:06
Speaker 1: a rule under the Administrative Procedure Act. And when the
33:09
Speaker 1: government creates a rule, they have to give notice in
33:12
Speaker 1: the Federal Registry so that the people have an opportunity
33:15
Speaker 1: to comment. The government didn't do so here, So I'm
33:18
Speaker 1: asking the court to set aside the fund until they
33:20
Speaker 1: follow the law and provide a requisitive notice of comments period.
33:24
Speaker 1: So they're gonna be a lot of challenges from a
33:25
Speaker 1: lot of different directions. The slush fund is also not
33:29
Speaker 1: popular among the Republicans senators, and Trump has a problem
33:33
Speaker 1: in the Senate right now. There are six Republicans now,
33:36
Speaker 1: six Republicans that basically are not particularly cooperative with the president.
33:43
Speaker 1: Two of them were primary by and the primary opponent
33:51
Speaker 1: to one was supported by Trump. So as Conye and Cassidy.
33:55
Speaker 1: Then you've got you know, senators that are retiring, so
33:59
Speaker 1: they and postially they were telling me because of Trump,
34:02
Speaker 1: so they are in a position where they can so
34:08
Speaker 1: they can, you know, object to him with no political ramifications.
34:15
Speaker 1: And then you've got like Grandpaul who is independent, and
34:17
Speaker 1: Collins and mccowsky who are pretty independent anyway, says somewhere
34:21
Speaker 1: between sixty nine Republicans who are not in Trump's pocket
34:25
Speaker 1: anymore in the Senate where Republicans have an edge of
34:28
Speaker 1: three votes, so a lot of Republicans also asking questions
34:33
Speaker 1: about this slush fund, and it's not particularly you know,
34:40
Speaker 1: embraced at least not by Republicans in the Senate. All right.
34:51
Speaker 1: In addition, Trump is having some issues with renovation. He
34:58
Speaker 1: is renovating a lot Ofington d C. I talked about
35:02
Speaker 1: this in the essay she wrote about monument builders. Trump
35:06
Speaker 1: is a monument builder. He wants stuff to be named
35:10
Speaker 1: after him. He wants big buildings to remind people of him.
35:16
Speaker 1: He doesn't, you know, there's nothing here about what the
35:19
Speaker 1: proper role of government is. It's just glorification of Trump
35:24
Speaker 1: as the essence. Well, there was a there was supposed
35:29
Speaker 1: to be a There was supposed to fix the reflecting
35:31
Speaker 1: pool that reflects the Washington Monument in the Washington d
35:36
Speaker 1: C Mall. Hopefully all of you have visited Washington, d C.
35:38
Speaker 1: And seen the magnificent mall. Anyway, Trump had a contractor
35:44
Speaker 1: that he knows who has built Olympic swimming pools and
35:47
Speaker 1: his clubs do this, and he said it'll take two weeks,
35:51
Speaker 1: a million, a million, three it'll cost Well, there was
35:56
Speaker 1: a no bid contract and the budget right now for
36:00
Speaker 1: fixing the reflecting pool is thirteen point four million. Trump
36:06
Speaker 1: is now saying I don't know the contract. I don't
36:08
Speaker 1: know what's going on here? I've never used them before,
36:11
Speaker 1: I you know, not my responsibility. Pretty pretty typical, pretty
36:18
Speaker 1: typical stuff, right, let me just see you in a minute.
36:24
Speaker 1: We got the ballroom, of course, which is casting a
36:27
Speaker 1: billion a billion dollars. Whoops? What did I just do?
36:34
Speaker 1: These are not in the right order? Uh? And second, okay,
36:43
Speaker 1: this is that a second? Yeah, We've also got you know,
36:47
Speaker 1: the one of the in in Washington. There are these
36:52
Speaker 1: statues that are part of the National Park Service Statues
36:56
Speaker 1: of beautiful statues of horses and men standing by the
36:59
Speaker 1: whole says dooses have wings? Kind of pigass looking horses. Anyway,
37:04
Speaker 1: the Trumpet administration is paying millions of dollars right now
37:07
Speaker 1: to quickly cover the four enormous bronze horses with an
37:11
Speaker 1: extra thick twenty three point seventy five carried gold leaf.
37:19
Speaker 1: This is coming from the National Park Service budget. Generally
37:26
Speaker 1: one hundred million dollars plus is being spent right now
37:29
Speaker 1: on beautification projects, not including the ballroom, not including the ballroom. Finally,
37:38
Speaker 1: in terms of glorification, supposedly, there are extensive reports on
37:45
Speaker 1: this that the Trumpe administration officials have pressed the Bureau
37:50
Speaker 1: of engraving and printing to design a new two hundred
37:55
Speaker 1: and fifty dollar bill. There is no two hundred and
37:56
Speaker 1: fifty dollars bill, right, so this would be a new bill.
37:59
Speaker 1: There would feature the president's portrait in what would be
38:03
Speaker 1: the first appearance of a living person on US currency
38:07
Speaker 1: in more than one hundred and fifty years. So Trump
38:11
Speaker 1: wants a two hundred and fifty dollar bill with his
38:15
Speaker 1: picture on it. Now, the printing director of the US
38:19
Speaker 1: Mint refused to put Trump's face on the money. He
38:25
Speaker 1: says it's illegal to do so. So he was forced out,
38:30
Speaker 1: or she was forced out. She said, oh goodbye, She said,
38:34
Speaker 1: the buck stopped here. So but they're still going to try.
38:42
Speaker 1: I guess, I guess to do this. Let's see, so
38:50
Speaker 1: one hundred million dollars in beautification. Finally, Trump has the
38:55
Speaker 1: Justice Department opening a criminal inquiry into e Gene Carroll.
39:02
Speaker 1: E g. Carroll, of course, won a civil trial against
39:06
Speaker 1: President Trump where she accused him of sexual abuse and
39:11
Speaker 1: where the judge basically said that Trump had raped her.
39:20
Speaker 1: The Trump owes. She won a five million dollar civil
39:29
Speaker 1: judgment against Trump, and then she won an eighty three
39:32
Speaker 1: point three million civil judgment against them on a defamation
39:36
Speaker 1: case when he claimed that she lied about the whole thing.
39:40
Speaker 1: So she's won over eighty eight million dollars against Trump.
39:45
Speaker 1: Now he's got the Justice Department going after her. She's
39:48
Speaker 1: eighty two years old, and the investigation centers on whether
39:53
Speaker 1: she committed perjury in a civil lawsuit against Trump. Opposedly,
40:00
Speaker 1: the original district attorney who opened the inquiry into her
40:06
Speaker 1: right has has said, you know, I don't want this case.
40:15
Speaker 1: Andrew Butchus, the Trump appointed US attorney for the Northern
40:18
Speaker 1: District of Illinois, supposedly opened the inquiry into her, but
40:23
Speaker 1: then you know, he has denied working on the case
40:26
Speaker 1: since not okay, who's exactly involved? You know, basically anybody
40:31
Speaker 1: with even an iiode of integrity, he just wants to
40:35
Speaker 1: walk away from these things. So just shameful, disgusting, horrible behavior.
40:42
Speaker 1: I don't know if you're watching Bondie right now. BONDI
40:44
Speaker 1: is testifying, was testifying earlier in front of I think
40:48
Speaker 1: there was a Senate and a Senate hearing, and you
40:52
Speaker 1: know this is a Justice Department and about the Epstein files,
40:56
Speaker 1: and she basically said, well, wasn't my responsibility. I gave
40:59
Speaker 1: it all to the BLA Blanche is the guy who
41:01
Speaker 1: is heading up to the Justice Ubon right now. It was
41:03
Speaker 1: his responsibility. It sounds like there are thousands of documents
41:08
Speaker 1: all were Trump's name in it in them that have
41:11
Speaker 1: not been released. So the Justice Uponnament, in spite of
41:15
Speaker 1: a law passing Congress requiring them to release the Epstein files,
41:21
Speaker 1: all of them are still holding off the files. Why
41:24
Speaker 1: because Trump's name is on him. So they're violating the law,
41:29
Speaker 1: in explicit violation of the law. And what are they
41:32
Speaker 1: going to do. Pambondi will will blame Blanche, Blanche will
41:36
Speaker 1: blame Pambondi, and they'll you know, nobody will take responsibility
41:40
Speaker 1: for anything. The don't be pushed with any kind of
41:42
Speaker 1: backbone and integrity. Is the woman who runs the mint
41:46
Speaker 1: who resigned over not having a two hundred and fifty
41:48
Speaker 1: dollars bill with Donald Trump's mug on it. I mean,
41:57
Speaker 1: this is another reason not to give the guy any
42:00
Speaker 1: benefit of the debt. He's a louse, he's he's just
42:05
Speaker 1: a horrible, bad human being in terms of just shit character.
42:12
Speaker 1: I mean, I don't know all the presidents of the
42:15
Speaker 1: nineteenth century, but I think pretty and equivocally the worst
42:20
Speaker 1: character wise, the worst president we've had in American history.
42:24
Speaker 1: So no, you don't give people like that any benefit
42:26
Speaker 1: of the debt. All right, a little bit about US economy.
42:32
Speaker 1: We talked a little bit about this yesterday, about the
42:34
Speaker 1: fact that inflation is up, inflation in terms of price inflation,
42:37
Speaker 1: price is going up, and the fact that wages are
42:43
Speaker 1: not keeping up with inflation, you know, so far this year.
42:48
Speaker 1: We talked about the fact that GDP was revised downwards,
42:53
Speaker 1: so the US economy is not doing as well as
42:56
Speaker 1: initially reported, and that a lot of the ADDA is
43:02
Speaker 1: is not good. It's not recession, it's not complete stagnation.
43:06
Speaker 1: It's just not good. It's a sputtering economy. Well, another
43:10
Speaker 1: piece was reported yesterday, and that is about credit card delinquencies.
43:18
Speaker 1: Americans are falling behind on their one point twenty five
43:23
Speaker 1: trillion dollars of credit card debt. Indeed, the level of
43:29
Speaker 1: delinquencies has reached thirteen point twelve percent. This is ninety
43:39
Speaker 1: d eight delinquencies. That's the highest level we've seen in
43:43
Speaker 1: fifteen years since the Great Recession. It's a yes. Now,
43:49
Speaker 1: the other thing I reported yesterday was the declining rate
43:53
Speaker 1: of saving. So Americans a saving less, the earning less
44:00
Speaker 1: as compared to their expenses, which explains why they're saving laws.
44:04
Speaker 1: And they're more and more delinquent on credit card They
44:07
Speaker 1: can't pay their credit card bills. This is not good.
44:14
Speaker 1: This is not good. We very much have an economy
44:18
Speaker 1: in which some people are doing very well. If you're
44:21
Speaker 1: invested in there, if you're invested in sorry in NASDAC
44:24
Speaker 1: and in tech stock, and if you're anything touching AI
44:29
Speaker 1: or chip manufacturing, you're doing great. There are plenty of
44:34
Speaker 1: professions out there that are making it killing. But the
44:37
Speaker 1: reality is that many Americans, I think right now, vast
44:41
Speaker 1: majority of Americans are not keeping up. Whereas up until
44:45
Speaker 1: last year, wages were going up higher than prices, faster
44:49
Speaker 1: than prices, that is no longer the case. Well, home
44:54
Speaker 1: prices are not going up anymore. They seem to have
44:57
Speaker 1: stabilized and declining in some places. That's a lot of
45:01
Speaker 1: that has to do with reduce demand. Because mortgage rates
45:04
Speaker 1: are so high, people cannot keep up with their credit
45:10
Speaker 1: card debt, which is not a good sign. And think
45:16
Speaker 1: about it. If you carry balances on your credit cards, God,
45:23
Speaker 1: the interest payment you are making is unbelievable. What is
45:26
Speaker 1: a twenty six percent, which is just an astounding amount.
45:35
Speaker 1: So if you look right now, delinquencies on credit cards
45:38
Speaker 1: all time high or not to all time high, highest
45:40
Speaker 1: sense of great depression. On student loans not all time high,
45:45
Speaker 1: but really really really high. Auto loans looks like an
45:51
Speaker 1: all time high. The only thing that Americans are doing
45:55
Speaker 1: good with is mortgages, and I think that's because they
45:58
Speaker 1: got their mortgages when interestates will loh, they got fixed
46:01
Speaker 1: rate mortgages, not like in the Great Recession. Before the
46:04
Speaker 1: Great Recession, a lot of people in variable rate mortgages.
46:07
Speaker 1: As the interestates went up, their rates they paid more.
46:13
Speaker 1: Most Americans on fixed rate right now. So there's very
46:16
Speaker 1: little delinquencies on mortgages, auto loans, student loans, credit cards
46:22
Speaker 1: very high, very high, and credit is increasing, And of
46:30
Speaker 1: course you can get get into this loop with credit
46:34
Speaker 1: cards where because you're paying twenty six percent interest, it's
46:39
Speaker 1: very difficult to ever catch up and ever pay it off.
46:45
Speaker 1: I mean, the average interestrate on cards rose to twenty
46:48
Speaker 1: one percent in February from fourteen percent fourteen point six
46:51
Speaker 1: percent in February twenty twenty two. Last year five point
46:57
Speaker 1: six percent of credit card holders was sixty days on
47:00
Speaker 1: more behind their payments. Now it's thirteen point two percent,
47:05
Speaker 1: but one h So if you look at who is
47:15
Speaker 1: carrying is the linquid, it's primarily low income people, but medium,
47:23
Speaker 1: medium income and high income are also at very high
47:26
Speaker 1: levels as compared to the last you know, since a
47:29
Speaker 1: financial crisis. So not good. Megan's living off their credit
47:35
Speaker 1: cards and not being able to pay it down is
47:37
Speaker 1: not another not a good sign for US economy. So
47:42
Speaker 1: a bunch of negatives coming out again. Nothing we are
47:45
Speaker 1: being driven right now. Really, this economy is being driven
47:49
Speaker 1: right now by AI, by by a building of data centers,
48:00
Speaker 1: and by a deployment by companies. That is what is
48:04
Speaker 1: driving the economy right now. And the economy without a
48:08
Speaker 1: I is struggling all right.
48:21
Speaker 3: One second almost them te no, no, no, no.
48:39
Speaker 1: No, alright, let's see before I switch to a farm
48:47
Speaker 1: policy issue, I just want to get this all right.
48:54
Speaker 1: So in twenty twenty two, the medium balance on a
48:57
Speaker 1: credit card was medium balance was twenty seven hundred dollars.
49:03
Speaker 1: I'm trying to see if I can get more up
49:05
Speaker 1: to date numbers. So Lincolns saying it's around three thousand
49:10
Speaker 1: is about right the dum Let's see. Yeah, so the
49:19
Speaker 1: the median is twenty seven hundred. The mean is is
49:23
Speaker 1: about six thousand, six one hundred. That was twenty twenty two.
49:28
Speaker 1: My guess is higher right now you could get the
49:32
Speaker 1: averages gone up, so they have average numbers as of today.
49:35
Speaker 1: As of Q four, twenty twenty five, the average was
49:37
Speaker 1: sixty seven hundred, so you've got to believe the median
49:40
Speaker 1: has also increased to some way close to three thousand.
49:44
Speaker 1: So actually Lincoln was really good. And let's see. The
49:51
Speaker 1: New York Fed reported total US credit card balances is
49:54
Speaker 1: about one point twenty five trillion as of Q one,
49:57
Speaker 1: twenty twenty six. So that was that I so earlier.
50:01
Speaker 1: But I you know, at one point six trillion, I mean,
50:04
Speaker 1: most of that is mine, So you know, I don't
50:06
Speaker 1: know what the rest of Americans are holding. Well, I
50:10
Speaker 1: mean it's it wouldn't be cool to have, like, you know,
50:13
Speaker 1: I don't know I have three hundred billion dollars of
50:16
Speaker 1: credit card debt. That would be cool, That would be cool.
50:21
Speaker 1: All right, you have got a surprise this morning. A
50:27
Speaker 1: surprise this morning. A Russian drone. A Russian drone slammed
50:34
Speaker 1: into an apartment. None in Ukraine, but in Romania. Now granted,
50:43
Speaker 1: what I mean it's close to Ukraine has a border,
50:46
Speaker 1: but it's far from Russia. You have to go pretty
50:50
Speaker 1: far off. You're pretty far off in order to in
50:56
Speaker 1: order to hit something in Romanian. And another drone was
51:01
Speaker 1: found and I guess in an empty space, in an
51:04
Speaker 1: empty place quite a bit further inland in Romania. These
51:09
Speaker 1: seemed to be Russian drones sent to Romania. You're not
51:13
Speaker 1: clear why one hit a Romanian apartment building, whether that
51:18
Speaker 1: was on purpose or not. Here's d Amiti Midvedev. Remember
51:26
Speaker 1: he was a former president of Russia. Citizens of EU countries,
51:30
Speaker 1: you should realize that your authorities have unilaterally entered into
51:34
Speaker 1: a war with Russia. So be vigilant and don't be
51:38
Speaker 1: surprised by anything. The peace of sleep is over, but
51:42
Speaker 1: you know who to ask why. In other words, Medvedev
51:47
Speaker 1: is saying word war with Europe. And this is right
51:52
Speaker 1: after a Russian drone hits a Romanian apartment building. Romania
51:56
Speaker 1: is part of the EU. I mean, this is a test.
52:05
Speaker 1: Russia will keep poking, It'll keep attacking and poking and
52:09
Speaker 1: seeing what happens. Two people were injured in Romania. Luckily
52:13
Speaker 1: nobody was killed. And it'll keep poking and see if
52:18
Speaker 1: NATO will do anything. I'll tell you what NATO did.
52:24
Speaker 1: NATO condemned. NATO condemned this.
52:29
Speaker 2: Right, so.
52:43
Speaker 1: Russia will not suffer for this. It'll be condemned. You know,
52:47
Speaker 1: all the Europeans will come out, the EU officials will
52:50
Speaker 1: come out, everyone will come out and wag their fingers
52:53
Speaker 1: and complain. And and Russia's reckless behavior is a danger
52:57
Speaker 1: to all of us. They continue to talk at civilians,
53:00
Speaker 1: civilian infrastructure across Ukraine, and last night showed yet again
53:04
Speaker 1: that the implications of this illegal war of aggression don't
53:07
Speaker 1: stop at the border anyway. Putin denied it. No one
53:17
Speaker 1: can say the origin of this of that aircraft until
53:19
Speaker 1: an examination of the aircraft is conducted. Last week, suspected
53:24
Speaker 1: Russian drones approach Lithuania from Belarus, triggering air raid alarms
53:30
Speaker 1: and sending the government into a bunker. Russia also recently
53:34
Speaker 1: threatened to bomb Latvia over accusation that was hosting Ukrainian
53:38
Speaker 1: drone operators. There were striking Russian targets, acclaim Latvia denied.
53:45
Speaker 1: On Friday, Putin reiterated his claim against Latvia. He said
53:49
Speaker 1: Russia won't didn't want conflict with the West, but added
53:53
Speaker 1: the Moscow would counter their military threats anywhere that presents
53:58
Speaker 1: a threat. I want to underscore a direct military threat
54:01
Speaker 1: to Russia is a legal target. So, you know, it's
54:07
Speaker 1: hard to tell exactly what is going on, but it's
54:12
Speaker 1: clear that Russia is poking to see what kind of
54:16
Speaker 1: response it will get, and so far the response is
54:18
Speaker 1: being condemnation. The President of Romania said foot the responsibility
54:24
Speaker 1: lies with the Russian Federation, whose behavior demonstrates totally disregard
54:28
Speaker 1: for international law and for the safety of the citizens
54:31
Speaker 1: of a NATO member state. Yeah, so nothing, you know,
54:39
Speaker 1: nothing's going to be done. They doesn't seek to be
54:42
Speaker 1: any any any significant response. This is you know, the
54:47
Speaker 1: Russians will keep pushing and keep pushing and keep pushing.
54:53
Speaker 1: All right. If you want to ask questions, super chat
54:58
Speaker 1: is open to dollar questions, five dollar questions, but twenty
55:02
Speaker 1: and fifty dollar questions particularly encouraged. You know, we did
55:09
Speaker 1: not meet our target yesterday. We are not meeting our
55:11
Speaker 1: target today. So please consider your support for the youuron
55:15
Speaker 1: book show you want to show continue if you want
55:17
Speaker 1: me to do these daily new shows, then they have
55:22
Speaker 1: to start meeting their targets, because otherwise I'll just do
55:26
Speaker 1: two or three a week instead of every day. So
55:29
Speaker 1: if we're going to do them every day, we need
55:32
Speaker 1: to reach targets every day because time value of money.
55:35
Speaker 1: You know, my time is has has a value. And
55:39
Speaker 1: if I you know, you guys are compensating me for
55:42
Speaker 1: that for delivering these shows on a regular basis. Selfish subscriber,
55:47
Speaker 1: I just did fifty dollars as a sticker. I appreciate that.
55:50
Speaker 1: Thank you, selfish subscriber. But if you're here live on YouTube,
55:54
Speaker 1: consider doing a sticker, Consider doing a super chat question.
55:58
Speaker 1: The questions are great because then you get an ask
56:00
Speaker 1: me and I get a I get a talk about
56:02
Speaker 1: the things you want me to talk about. Sticker is
56:05
Speaker 1: just a way for you to show appreciation and to
56:08
Speaker 1: trade with me value for value. But again we are
56:13
Speaker 1: way off from our targets and we need to make
56:16
Speaker 1: up the gap. All right. A couple of stories out
56:21
Speaker 1: of Israel, and and it's wash the relevant. Of course,
56:26
Speaker 1: what's going on in Yuan is very relevant here because
56:30
Speaker 1: whether as part of everything the you know, grisbela a
56:37
Speaker 1: cease fire is imposed on Israel. Whether such as fire
56:42
Speaker 1: is imposed on Israel, is UH is going to be
56:45
Speaker 1: a big deal visa of the Israel. That is Israel
56:49
Speaker 1: is struggling right now with Defeatingrisbella. It has overwhelming force
56:54
Speaker 1: on its side, clearly and equivocally. But Isabella has adapt
57:00
Speaker 1: And what risbel is adapting right now is it's adopting
57:05
Speaker 1: drone strategies from the Ukrainian military. And what is shocking
57:10
Speaker 1: and surprising and disappointing about the Israeli military, says the
57:15
Speaker 1: Israeli military is not adapting very quickly. That is Israel
57:19
Speaker 1: has not spent the last three years watching what is
57:23
Speaker 1: going on in Ukraine and changing its practices in accordance
57:26
Speaker 1: to that. They are committing, you know, what you would
57:31
Speaker 1: consider basic military errors and leaving themselves susceptible open to
57:38
Speaker 1: attack by Risbela using these little drones with little bombs.
57:44
Speaker 1: But these little bombs kill people. Indeed, most of the
57:47
Speaker 1: casualties right now that Israel is suffering, both injured and fatalities,
57:53
Speaker 1: are from small drones carrying small grenade like bombs. Some
57:59
Speaker 1: of them target the fuel tank of armored vehicles, thus
58:03
Speaker 1: causing the vehicles to implode, some of them just targeting
58:06
Speaker 1: soldiers or groupings of soldiers or groupings of vehicles. One
58:10
Speaker 1: of the things to learn from Ukraine Russia. Don't group
58:15
Speaker 1: your vehicles, spread them out, don't make them an easy
58:19
Speaker 1: target for these small drones. Now the bigger drones. Israel
58:24
Speaker 1: has iron dome, it has the laser, it has everything
58:27
Speaker 1: else but these small drones, and also has electronic warfare
58:33
Speaker 1: that it can distract. But these small drones are actually
58:37
Speaker 1: delivered by wire, so they what is used as fiber optics,
58:44
Speaker 1: small thin, lengthy fiber optic cable, so they're not susceptible
58:50
Speaker 1: to electronic warfare. And is all at this point does
58:55
Speaker 1: not does not have a response to this. They're looking
59:04
Speaker 1: for it, they're seeking it. But you would think again,
59:07
Speaker 1: they would have seen what happened in Ukraine and they
59:10
Speaker 1: had anticipated this bus. There's another failure of the army. No,
59:15
Speaker 1: this is a failure of the army, not another The
59:17
Speaker 1: US Army did not fail. Trump failed. It is very
59:21
Speaker 1: very important point. The US Army was not asked to
59:26
Speaker 1: open the streets of Foremost. If it had been asked,
59:28
Speaker 1: they would have done it. Not that the US Army
59:31
Speaker 1: never fails. Fails a plenty, But in the case that
59:35
Speaker 1: you're referring to, it didn't fail the decision makers I e.
59:40
Speaker 1: Trump failed Israel he was failing. And all it takes
59:47
Speaker 1: is one soldier with one drowne to cause casualties. And look,
59:51
Speaker 1: you can kill one hundred Chrismala, but if one Israeli
59:54
Speaker 1: soldier dies, it wipes it out. I mean, Israel values
59:58
Speaker 1: human life, not like Islamists who don't value human life.
1:00:03
Speaker 1: Israel does. For Israel, it's a tragedy every time I
1:00:06
Speaker 1: sold you dies. So is those killing one hundred x
1:00:12
Speaker 1: the number of Risbella that it's taking casualties? Not good enough?
1:00:20
Speaker 1: So this is a mass of failure. I don't get it.
1:00:23
Speaker 1: I don't understand. Again, it's being demonstrated the idea that
1:00:27
Speaker 1: Lisbella wouldn't adopt these tactics. Why not, It's obviously they would.
1:00:33
Speaker 1: You ran, of course, is a supply of drones. Uh
1:00:36
Speaker 1: and uh, these are drones you can you can buy
1:00:39
Speaker 1: off the you can you can take them off the
1:00:40
Speaker 1: shelf for best buy. And and these are Chinese made
1:00:44
Speaker 1: drones and just put a little bomb on them. And
1:00:51
Speaker 1: then you know, if you add to that the fact
1:01:00
Speaker 1: that Israel is you know, is struggling because Trump keeps saying,
1:01:06
Speaker 1: you can't bombay roots, you can't bomb here, you can't
1:01:08
Speaker 1: do this, you can't do that. And there's a timeline
1:01:12
Speaker 1: as soon as Trump signs a deal supposedly there'll be
1:01:15
Speaker 1: a ceasefire in Lebanon. Israel has to rush right now
1:01:18
Speaker 1: to take territory and to establish himself itself in Lebanon,
1:01:24
Speaker 1: has to create a buffer zone so these drones can't
1:01:27
Speaker 1: be flown into Israel, these small drones. You know, the
1:01:30
Speaker 1: one advantage disadvantage of these drones short range because the
1:01:34
Speaker 1: fiber optic cable can only go so far. But you know,
1:01:39
Speaker 1: in a battle zone, which is where they are now,
1:01:43
Speaker 1: it can really hurt you. And what Israel needs right
1:01:46
Speaker 1: now it needs to take territory and it needs to
1:01:51
Speaker 1: destroy as many Ramas as they can't Isbel as they can,
1:01:56
Speaker 1: and they need to win. And to win this they
1:02:01
Speaker 1: have to go all in and they have to ignore
1:02:03
Speaker 1: Trump and just go all in. And that is tricky,
1:02:08
Speaker 1: partially because there's an election coming up in Israel. Israel
1:02:11
Speaker 1: UH basically dissolving parliament and UH, there was going to
1:02:15
Speaker 1: be an election anywhere in the fall, but it looks
1:02:17
Speaker 1: like the election will probably be in the summer. So
1:02:20
Speaker 1: we're heading towards the election season in Israel with all
1:02:23
Speaker 1: the ramification that has By the way, the Tenniel has
1:02:26
Speaker 1: lost support in the polls because of the perception that
1:02:32
Speaker 1: Trump is stabbing Israel in the back and in Nataniel's
1:02:36
Speaker 1: relationship with Trump. So everything has to do. Everything relates
1:02:42
Speaker 1: and and UH to his internal domestic policies politics in
1:02:47
Speaker 1: the United States and in Israel. That's one fund that's
1:02:51
Speaker 1: in Leven. And then there's Ramas, right, there's Ramas in Gaza.
1:02:54
Speaker 1: If you remember when the cease fire was announced on
1:02:56
Speaker 1: the Ramas in Gaza, Israel, you write fifty percent of
1:03:01
Speaker 1: Gaza and had a yellow line. Over the last few months,
1:03:05
Speaker 1: Israel has been creeping forward and taking more and more
1:03:08
Speaker 1: territory as Ramas has basically ignored the requirements of the
1:03:14
Speaker 1: ceasefire and refused to disarm. Is what today sits on
1:03:18
Speaker 1: about sixty percent of the Gaza script, and that's the
1:03:21
Speaker 1: new yellow line. Well, supposedly, NATANIAO has now ordered the
1:03:26
Speaker 1: Israeli Army to see seventy percent of the Gaza script.
1:03:30
Speaker 1: Of course, UH you know, if you look at the
1:03:32
Speaker 1: the press, it says violating the ceasefire deal. Well, the
1:03:36
Speaker 1: ceasefire deal is mute because Ramasa is already violating it.
1:03:40
Speaker 1: Violated it. Right, you can't just cease fire deals are
1:03:43
Speaker 1: not unilateral, the bilateral one party. You know, Trump should
1:03:47
Speaker 1: understand this. You should learn this. I mean, you run
1:03:51
Speaker 1: violated this case fire deal when it didn't open the
1:03:54
Speaker 1: home of Straits. That's when Trump should should have attacked.
1:04:07
Speaker 1: All right, there's a breaking story we'll get to in
1:04:09
Speaker 1: a second. So anyway, Nata Nail's ordered these Raelis take
1:04:13
Speaker 1: seventy percent. This is a good step to step in
1:04:16
Speaker 1: the right direction. Ultimately, is Or will have to control
1:04:19
Speaker 1: one hundred percent of the Gaza strip in order to
1:04:22
Speaker 1: disarm Hamas and and to annihilate it. Nobody else will
1:04:26
Speaker 1: do it other than the Israelis. All right, here's the
1:04:31
Speaker 1: breaking story. Let me just pull this up on second.
1:04:39
Speaker 1: This relates to the stories we talked about earlier about
1:04:42
Speaker 1: the monument builders. A federal judge has ordered the Trump
1:04:46
Speaker 1: administration to remove Trump's name from the Kennedy Center, ruling
1:04:51
Speaker 1: that only Congress can change the institution's name and directing
1:04:56
Speaker 1: officials to remove it from the building facade, all physical
1:05:00
Speaker 1: and digital signage and official material. The judge also blocked
1:05:05
Speaker 1: Trump from shuddering the Kennedy Center. He was shuddering it
1:05:09
Speaker 1: because because people were canceling performances, wouldn't do performances because
1:05:13
Speaker 1: of the name. Anyway, this is from his decision, and
1:05:20
Speaker 1: because the defendants are currently in violation of Congress's express
1:05:25
Speaker 1: statutory direction, the court will order that they remove President
1:05:29
Speaker 1: Trump's name from the institute's title as represented on the
1:05:34
Speaker 1: facade of the center, any other physical or digital signage
1:05:38
Speaker 1: and official marks. So that is that is just breaking
1:05:47
Speaker 1: and just happened this afternoon. Let me see if there's
1:05:50
Speaker 1: anything more here. Yeah, I mean, basically, hisjagement says Congress
1:06:02
Speaker 1: named the John F. Kennedy Center for the Performing Arts
1:06:06
Speaker 1: for President John F. Kennedy by Federal Statute twenty USC whatever,
1:06:11
Speaker 1: and the center may not be officially named for anyone
1:06:14
Speaker 1: else except by an Act of Congress. It is further
1:06:19
Speaker 1: declared that the Board of Trustees December eighteen, twenty twenty
1:06:22
Speaker 1: five resolution purporting to rename the Kennedy Center the Donald J.
1:06:26
Speaker 1: Trump and John F. Kennedy Momoral Center for the performing arts,
1:06:30
Speaker 1: The Trump Kennedy Center, or any variation they are is
1:06:34
Speaker 1: now void and without legal effect. It is further, the
1:06:39
Speaker 1: defenders violated the Kennedy Center's organic statute in purporting to
1:06:45
Speaker 1: rename the center for President Trump, and in taking steps
1:06:48
Speaker 1: to effectuate that official renaming, such as installing signage with
1:06:53
Speaker 1: Donald J. Trump named on the funnel portico of the center,
1:06:58
Speaker 1: altering the center's website to name it, and so on.
1:07:00
Speaker 1: All right, so that is uh, that is on the
1:07:03
Speaker 1: front page of the ruling. So yeah, here's the thing.
1:07:11
Speaker 1: I've mentioned it many times, and I'll keep mentioning it
1:07:15
Speaker 1: because it keeps, it keeps proving to be true. The
1:07:20
Speaker 1: only properly functioning part of our government right now is
1:07:25
Speaker 1: other courts. And I have an enormous amount of respect
1:07:29
Speaker 1: for the courts. Not only are they winning willing to
1:07:35
Speaker 1: not only are they willing to stand up to Trump
1:07:40
Speaker 1: and rule what he says as you know, wrong bad,
1:07:48
Speaker 1: and willing to reverse him, but they make arguments about it,
1:07:52
Speaker 1: They prove their case, they make rational statements. They have
1:07:56
Speaker 1: to put it in writing, they have to reference other cases,
1:07:59
Speaker 1: they have to reference a statute. The courts deal in
1:08:04
Speaker 1: reality and in our legals, with our legal system. They
1:08:07
Speaker 1: interact with the constitution, the law, and reality. No other
1:08:13
Speaker 1: part of our government right now is functioning anywhere close
1:08:16
Speaker 1: to this efficiency.
1:08:20
Speaker 4: Right this efficiency?
1:08:30
Speaker 1: Yeah, okay, this is for another day. Keep that for
1:08:33
Speaker 1: another day. There's a lot of interesting stories. Put it
1:08:39
Speaker 1: that way going on. It's in a day fighting stuff
1:08:44
Speaker 1: against is happening, right yes bad day yesterday or was
1:09:03
Speaker 1: it yesterday or this morning? Bad day for the space
1:09:07
Speaker 1: program in the United States. Certainly a bad day for
1:09:10
Speaker 1: Blue Origin. It's kind of funny. We were talking yesterday
1:09:12
Speaker 1: about the plan for the Moon and and and Blue
1:09:15
Speaker 1: Origins part of that. But but really, uh, a huge
1:09:20
Speaker 1: step backwards today with the failure of Blue Origans rocket.
1:09:25
Speaker 1: And it's not just the failure we'll see in what sense,
1:09:29
Speaker 1: but a huge step backwards and probably a significant delay
1:09:32
Speaker 1: now in this happened yesterday in in plans for the Moon,
1:09:39
Speaker 1: the moon base. I don't know if you've seen photographs
1:09:42
Speaker 1: of this, but the the U Blue Origin rocket oops,
1:09:51
Speaker 1: huh yeah, anyway, Uh, the Blue Origins rocket basically uh
1:10:00
Speaker 1: fploded on on the on the you know, on the
1:10:06
Speaker 1: It wasn't supposed to launch. It was just a firing
1:10:08
Speaker 1: of the engines and the whole thing just exploded. This
1:10:12
Speaker 1: is the new Glen rocket. It is a massive rocket,
1:10:16
Speaker 1: you know, similar to the big rocket that SpaceX as
1:10:20
Speaker 1: it exploded doing a test on the launch pad. I mean,
1:10:25
Speaker 1: think about the explosion. The explosion might have been the
1:10:30
Speaker 1: most powerful explosion ever with exception of nuclear bombs, So
1:10:38
Speaker 1: this might have been the largest non nuclear explosion ever
1:10:43
Speaker 1: recorded on Earth. And it and the real damage is
1:10:50
Speaker 1: not just to the spacecraft. You know, there's a lot
1:10:56
Speaker 1: there's a certain assumption that you're going to lose some
1:10:58
Speaker 1: of these rockets. The real damage here is to all
1:11:02
Speaker 1: the equipment that makes possible the rocket launch, the pad,
1:11:09
Speaker 1: the tower, the facility surrounding this, in particular the pad.
1:11:14
Speaker 1: This is the thing the rocket sits on. This is
1:11:16
Speaker 1: the thing that it blasts that their engines into that
1:11:21
Speaker 1: causes it to lift. It's a complicated piece of equipment
1:11:27
Speaker 1: that is very difficult to build. And you know, the
1:11:35
Speaker 1: rocket was supposed to be launched next week. This was
1:11:38
Speaker 1: just a test of the engines and you can see video.
1:11:41
Speaker 1: The whole thing just exploded and the damage to launch
1:11:45
Speaker 1: pad they're saying could take a year to fix. Which
1:11:50
Speaker 1: would mean significant slow down. Bezos wrote, it's too early,
1:11:59
Speaker 1: this is yesterday, It's too will need to know the
1:12:01
Speaker 1: root cause, but we're already working to find out to
1:12:04
Speaker 1: find it. Very rough day, but we'll rebuild whatever needs
1:12:09
Speaker 1: rebuilding and get back to flying. It's worth it. So
1:12:12
Speaker 1: I love the spirit and at the end of the day,
1:12:16
Speaker 1: failure is part of the process. There's no way to
1:12:19
Speaker 1: get to Mars, the Moon, to space travel, to compete
1:12:24
Speaker 1: with space ax. There's no way to do it without failure. Musk,
1:12:32
Speaker 1: who knows quite a bit about failure with rockets, tweeted,
1:12:36
Speaker 1: most unfortunate rockets are hard. Rockets are hard. These people
1:12:41
Speaker 1: are doing something, trying to do something incredibly ambitious, incredibly ambitious,
1:12:48
Speaker 1: and they are going to be failures. I mean, the
1:12:52
Speaker 1: lucky thing here is that nobody got hurt. No human
1:12:56
Speaker 1: beings last their lives or got injured by it. In
1:12:59
Speaker 1: spite of the man explosion, I guess the safety protocols
1:13:03
Speaker 1: that are in place worked are good. Blow you know,
1:13:10
Speaker 1: you know, stocks of space companies all tanked yesterday because
1:13:14
Speaker 1: this will delay everybody because they need rockets to launch
1:13:19
Speaker 1: whatever they want to launch into space. Satellite programs everything
1:13:23
Speaker 1: you know went down. It also hurts Amazon, Amazon, you know,
1:13:27
Speaker 1: want it was trying to put up satellites to complete
1:13:31
Speaker 1: with with Starlink. So yes, you know, not a good
1:13:38
Speaker 1: day for space exploration, but you know you have to
1:13:43
Speaker 1: calibrate how bad is it At the end of the day.
1:13:46
Speaker 1: They will learn from this, and they will get better
1:13:48
Speaker 1: from this, and they will come back stronger from this.
1:13:52
Speaker 1: And we can expect the Origin to compete and to
1:13:55
Speaker 1: be there when it's time to when it's time to
1:13:58
Speaker 1: go to the moon and go tom All and put
1:14:01
Speaker 1: satellites into space. So they will survive this and they
1:14:04
Speaker 1: will come back. There's a certain sense in which this
1:14:07
Speaker 1: is both a sad story and also a massive human
1:14:10
Speaker 1: achievement story. I mean, think about the amount of fuel
1:14:14
Speaker 1: and the size of rocket that was involved here, and
1:14:19
Speaker 1: the ability to create something. I build something like that,
1:14:22
Speaker 1: and we all know, we all know they'll get it
1:14:25
Speaker 1: that figured it out, they'll solve the problem. I mean,
1:14:30
Speaker 1: and you know, if we've got the example of SpaceX,
1:14:33
Speaker 1: and we've got competition and Jefpizos is trying to compete
1:14:37
Speaker 1: with their lone musk on this, and that's a good thing.
1:14:40
Speaker 1: That's a good thing. They're not enemies. They competitors, and
1:14:44
Speaker 1: we know we know that they will ultimately succeed. So yeah,
1:14:52
Speaker 1: it's exciting. People are still trying big, audacious, crazy, massive
1:14:57
Speaker 1: things that will sometimes fail. We'll sometimes fail, all right.
1:15:09
Speaker 1: I don't think anybody yet knows what happened, but you know,
1:15:11
Speaker 1: I'm sure they'll know soon. All Right, a few stories
1:15:16
Speaker 1: related to the Human Achievements segment of the show. Uh.
1:15:19
Speaker 1: These all relate to healthcare and health technology. Yeah, they
1:15:26
Speaker 1: all do.
1:15:27
Speaker 2: Uh.
1:15:30
Speaker 1: I'll try to find from other sources as well. But
1:15:32
Speaker 1: but this is where a lot of exciting things is
1:15:35
Speaker 1: actually happening right now, although again most of them are
1:15:38
Speaker 1: early stages. Here's something pretty cool. So there's a company
1:15:45
Speaker 1: in Belgium and the Netherlands has worked out how to
1:15:49
Speaker 1: you know, basically, create an edible capsule that is about
1:15:54
Speaker 1: the size of a TikTok that you swallow and it
1:15:58
Speaker 1: travels the links of the U and gut. And while
1:16:02
Speaker 1: it travels through the gut, it's taking chemical readings every
1:16:05
Speaker 1: twenty seconds and it sends the result to receiver that
1:16:10
Speaker 1: you wear on a belt. This is the first of
1:16:15
Speaker 1: what is expected to be a new generation of ingestable
1:16:19
Speaker 1: devices that can report back live from inside the gut.
1:16:26
Speaker 1: You know, part of the challenge in doing something like
1:16:29
Speaker 1: this is battery small enough to put in there to
1:16:35
Speaker 1: continue that electronic signal to be able to communicate externally.
1:16:39
Speaker 1: I remember, years and years and years ago, we invested
1:16:42
Speaker 1: in a company that Israeli company actually that made a
1:16:46
Speaker 1: It was a big pill that you swallowed and it
1:16:49
Speaker 1: had a camera and it could take pictures of your intestines,
1:16:55
Speaker 1: the part of the intestines that a the probe cannot reach.
1:17:02
Speaker 1: Put it that way, but you had to retrieve it
1:17:06
Speaker 1: on the other end because it couldn't send the images
1:17:09
Speaker 1: live because it didn't have enough battery life, So you
1:17:13
Speaker 1: had to retrieve it on the other end and download
1:17:15
Speaker 1: the information. The nice thing about this is this is
1:17:20
Speaker 1: providing live data and it's much smaller now. The applications
1:17:28
Speaker 1: for this are routine diagnosis, to target a drug delivery,
1:17:35
Speaker 1: and eventually you can imagine, you know, forms of electronics
1:17:42
Speaker 1: that are just made from food. I don't know how
1:17:45
Speaker 1: that would work as exactly, but you could have something
1:17:51
Speaker 1: that went in and give you an early warning of
1:17:55
Speaker 1: it flamed the disease tissue and in this case, this
1:18:01
Speaker 1: ticktok device is looking for inflating tissue in the gut,
1:18:06
Speaker 1: you know, early signs potentially of colrectal cancer or other diseases.
1:18:17
Speaker 1: So yeah, you know, fascinating stuff that has been you know,
1:18:24
Speaker 1: you can do it in the duscopy. You can do colonoscopy,
1:18:27
Speaker 1: but they can only see a part. Colonoscopy doesn't go
1:18:31
Speaker 1: all the way into the stomach, it's only the low intestines. This,
1:18:36
Speaker 1: on the other hand, you know, goes throughout. And by
1:18:42
Speaker 1: the way, colonoscopy if you've had one, not a pleasant experience,
1:18:47
Speaker 1: and uh, you know, it takes a lot of days
1:18:50
Speaker 1: of prep and it's you have to be under a
1:18:53
Speaker 1: partial anesthesia. It's not good, right, So uh, this article
1:19:01
Speaker 1: actually mentions a swallowable camera called the Pilcam. That's the
1:19:04
Speaker 1: company you know, we invested in, you know, and pill
1:19:10
Speaker 1: Cam has been used in more than four million patients worldwide.
1:19:18
Speaker 1: But a lot of the signals, enough signals you see
1:19:20
Speaker 1: in a camera. That's why these chemical reactions and a
1:19:25
Speaker 1: sense of what's going on with the chemistry is so important. Anyway,
1:19:30
Speaker 1: you're going to see a lot more of these kind
1:19:31
Speaker 1: of things, which is super exciting, right, gas sensing capsules.
1:19:40
Speaker 1: There's a company in Australia working on that.
1:19:44
Speaker 2: Uh you know, uh.
1:19:45
Speaker 1: It measures fermentation gases to diagnose small intestinal bacterial overgrowth.
1:19:53
Speaker 1: And you know, we have billions of bacteria in our gut.
1:19:57
Speaker 1: You could imagine something that gets a sense of measures
1:20:00
Speaker 1: what bacteria do we have in there? What's going on
1:20:02
Speaker 1: in the gut, and the gut turns out is more
1:20:04
Speaker 1: and more important to brain health, to every aspect of
1:20:09
Speaker 1: health anyway. Detection, they say, is only half the ambition.
1:20:15
Speaker 1: Some companies are aiming for edible electronics. They can identify
1:20:19
Speaker 1: a disease signal, locate it in the gut where it originates,
1:20:25
Speaker 1: and release a treatment at that site. That would be
1:20:30
Speaker 1: better than dissolving drugs blindly in the stomach, which then
1:20:34
Speaker 1: floods the whole body with the drug. This is targeted
1:20:39
Speaker 1: research is at MIT for example, this is from a
1:20:42
Speaker 1: story and economists developing an ingestible capsule that sense internal
1:20:47
Speaker 1: conditions and act on what they find. In twenty twenty four,
1:20:51
Speaker 1: they created a device modeled on jet propulsion, a cephalopods,
1:20:56
Speaker 1: which pumps drugs directly into the wall of the digestive track.
1:21:01
Speaker 1: Earlier that yeah, The MIT team had received sixty six
1:21:04
Speaker 1: million as a federal grand The push is high risk
1:21:09
Speaker 1: transformative healthcare technology to develop ingestable devices for all delivery
1:21:14
Speaker 1: of m RNA treatments. Well, they're not getting any federal
1:21:18
Speaker 1: funds anymore for that, No mRNA funded anymore. All right,
1:21:28
Speaker 1: you know they've got they still have a challenging with
1:21:30
Speaker 1: edible batteries. Edible batteries hold much less energy lilthium cells,
1:21:36
Speaker 1: edible semiconductors on stable and slow. Transmitting a wireless signal
1:21:41
Speaker 1: from inside the body is a persistent engineering issue because
1:21:44
Speaker 1: of tissue absorbs radio waves. And a device that is
1:21:47
Speaker 1: simultaneously food, you know, it is both food and medical sensor,
1:21:55
Speaker 1: an electronic cilcuit and a drug delivery system is a
1:21:58
Speaker 1: belly ache for regularly is Yes, it would be a
1:22:01
Speaker 1: belly ache for regulators. Right, So, I mean this is
1:22:06
Speaker 1: so cool. So this is stuff that dissolves in your
1:22:09
Speaker 1: stomach and becomes food, but in the meantime it's delivering
1:22:13
Speaker 1: these messages ultimately, just stunning stuff. All right. One other
1:22:19
Speaker 1: one is is you know there's this molecular glue. It's
1:22:23
Speaker 1: called molecular glue. So one of the biggest advances in
1:22:29
Speaker 1: patriotic cancer pin created cancer. We've talked about that before.
1:22:33
Speaker 1: There's now an mRNA vaccine treatment for it, but there's
1:22:36
Speaker 1: also this treatment. This is one of the deadliest cancers.
1:22:40
Speaker 1: That's why there's so many, so much experimentation on it,
1:22:43
Speaker 1: because very little lose. One of the biggest advances in
1:22:47
Speaker 1: patriotic cancer in decades came out of a crazy idea
1:22:50
Speaker 1: born in Harvard University lab. This is a chemist biologist
1:22:55
Speaker 1: Gregory Verdine believe you could fight disease causing proteins hidden
1:23:00
Speaker 1: insight cells by chemically gluing them to something else in
1:23:04
Speaker 1: the body and smothering them. Sounds ridiculous. Everybody told us
1:23:10
Speaker 1: this is crazy, that it would never work, he recalls.
1:23:15
Speaker 1: Revolution Medicines, Inc. Which bought one of Verdine's companies in
1:23:21
Speaker 1: twenty eighteen, recently announced that one of its drugs doubled
1:23:26
Speaker 1: the typical survival time for patients with aggressive forms of
1:23:29
Speaker 1: the disease. The full result from the company's final stage
1:23:33
Speaker 1: trials expected to be the star of the show at
1:23:35
Speaker 1: the annual cofab of Cancer Doctors in Chicago this weekend.
1:23:40
Speaker 1: Spowned by their success of rev mad Numerous companies are
1:23:46
Speaker 1: now racing to develop similar drugs dubbed molecular glues, which
1:23:51
Speaker 1: can be used to treat a variety of ailments, and
1:23:55
Speaker 1: investors and pharmaceutical companies with deep pockets are chasing after them,
1:24:00
Speaker 1: creating one of the hottest corners of the deal making
1:24:03
Speaker 1: in the industry. It's not unusual for exciting new drugs
1:24:07
Speaker 1: to spark surges in stock prices and deal making frenzy,
1:24:11
Speaker 1: but molecular glue is a particularly complicated science, and the
1:24:15
Speaker 1: startups pursuing technology similar to rev med are mostly in
1:24:19
Speaker 1: early stages of testing. Their medicines won't be ready for years.
1:24:24
Speaker 1: That hasn't stopped big drug makers those evil farmer companies
1:24:28
Speaker 1: like Novats, Roche, Eli Lilly from inking research pacts with
1:24:34
Speaker 1: glue developers that could pay up billions of dollars in milestones.
1:24:39
Speaker 1: So that means that the farmer companies would give these
1:24:42
Speaker 1: startups billions of dollars as they hit different milestones. The
1:24:46
Speaker 1: boom has been especially lucrative from Monte Rosa Therapeutics Inc.
1:24:51
Speaker 1: Over the past three years, the Boston based biotech firm
1:24:55
Speaker 1: has assigned three agreements that could be worth over ten
1:24:57
Speaker 1: billion dollars to develop molecular glue drugs with both Nevadis
1:25:02
Speaker 1: and roche. So again, constant innovation and capitalism, working capital
1:25:08
Speaker 1: flowing to what it's most likely to be successful, to
1:25:11
Speaker 1: the companies that are investing in the future and investing
1:25:14
Speaker 1: in these revolutionary technologies. Okay, finally, this is this is
1:25:19
Speaker 1: kind of cool. This is brain related. Cambridge Research researchers
1:25:25
Speaker 1: created miniature brain and spinal cord systems in the lab
1:25:31
Speaker 1: that can send signals and even trigger tiny muscle contractions.
1:25:36
Speaker 1: They discovered that human new human neurons gradually lose their
1:25:41
Speaker 1: ability to regrow after damage being during development, but that
1:25:47
Speaker 1: ability can potentially be switched back on. The team identified
1:25:52
Speaker 1: a gene network, a gene network controlling this process, and
1:25:58
Speaker 1: found that an existing home on drug dramatically boosted nerve
1:26:04
Speaker 1: fiver regrowth. Now this is potentially massive, right because the
1:26:12
Speaker 1: team because potentially you could use this on people who
1:26:16
Speaker 1: are permanent brain damage, permanent damage their nerves, and this
1:26:23
Speaker 1: could reverse it. That permanent nerve damage can be reversible
1:26:28
Speaker 1: with a simple hormemone treatment which switches off the right jenes.
1:26:34
Speaker 1: So this is in science daily, pretty exciting stuff and again,
1:26:41
Speaker 1: you know a lot of amazing people doing amazing work
1:26:43
Speaker 1: in the field of medicine and science and of course
1:26:46
Speaker 1: in other fields and rockets and other stuff, and we
1:26:51
Speaker 1: will be covering as much as I can of that
1:26:54
Speaker 1: during the achievement section of the show. All right, we
1:27:00
Speaker 1: are doing a lot better on the super Chat, but
1:27:02
Speaker 1: still far from where we need to be for the
1:27:04
Speaker 1: second hour. You know, we do these shows do run
1:27:07
Speaker 1: about two hours, and you know the rate is two
1:27:10
Speaker 1: fifty an hour to make these make sense and to
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Speaker 1: make them renunerative, you know, and there's to be an average.
1:27:20
Speaker 1: Some shows we outperform, but we've been underperforming. So we're
1:27:25
Speaker 1: two hundred dollars short right now to reach the five
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Speaker 1: hundred dollars level for the second hour for two hours.
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Speaker 1: So if you can, and if you are so inclined,
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Speaker 1: please consider making a supporting this. This is the last
1:27:37
Speaker 1: new show of May. We've only got two more days
1:27:41
Speaker 1: of in May to reach our May goals. So you
1:27:46
Speaker 1: know what we do today is crucial to achieving those goals.
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Speaker 1: So please consider supporting the show and whatever way and
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Speaker 1: whatever amount you can here in the super Chat. In addition,
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Speaker 1: of course, you can't support the show on a monthly basis.
1:28:04
Speaker 1: You know, on a monthly basis holding steady, but you
1:28:10
Speaker 1: know we need both. We need both the live support
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Speaker 1: can do it at two dollars all the way two
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Speaker 1: thousand dollars a month. Here too, you can on the
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Speaker 1: super chat you can or stick a you can do
1:28:25
Speaker 1: two dollars, you can go the way to five hundred dollars.
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Speaker 1: I don't think you can make up more than a
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Speaker 1: five hundred dollars contribution on super Chat, so please do
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Speaker 1: consider supporting the show that way, and remind you we
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Speaker 1: have a few sponsors. The Ironman Institute wants to remind
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Speaker 1: you of our upcoming Confidence oconn in New Orleans, where
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Speaker 1: I will be speaking, a lot of other leading voices
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Speaker 1: his substack. You'll learn so much. You'll support great work,
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Speaker 1: but you'll learn a lot and it'll add a lot
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Speaker 1: to your ability to communicate the kind of pro capitalist
1:30:13
Speaker 1: ideas that he is supportive of. All right, so, selfie
1:30:21
Speaker 1: subscriber has done three fifty dollars stickers, so he by
1:30:26
Speaker 1: himself has basically done one hundred and fifty dollars today,
1:30:29
Speaker 1: So thank you self describer. Really really appreciate that we
1:30:34
Speaker 1: are now just one hundred and fifty dollars short of
1:30:36
Speaker 1: out second hour goal, which is important to get to
1:30:40
Speaker 1: if we can, So thank you. Let me see other subscribers, John,
1:30:45
Speaker 1: thank you Bonnie, thank you, Roland, thank you the self
1:30:51
Speaker 1: describer again as I said three times, and I really
1:30:55
Speaker 1: appreciate that. And anonymous and anomalous, and there were others
1:31:03
Speaker 1: there wassive s of ninety seven and Bozz, thank you
1:31:11
Speaker 1: Boazz and bal Mugarcia and that Nature Observer and Roland
1:31:20
Speaker 1: and Bonnie and John and I did all these Mary Ellen,
1:31:24
Speaker 1: all right, thank you guys, really appreciate that. And don't
1:31:30
Speaker 1: forget you can ask questions and thus shape what an't
1:31:33
Speaker 1: going to be talking about in the next few minutes.
1:31:34
Speaker 1: All right, let's start with Molden Splendor with fifty dollars question.
1:31:37
Speaker 1: Thank you, Molden Splendor, really appreciate the support. You talked
1:31:42
Speaker 1: about how the US used to be the world's peace keeper,
1:31:46
Speaker 1: but the Iranian war was made it's clear that the
1:31:49
Speaker 1: US will not come to other countries defense and could
1:31:52
Speaker 1: result in a scrabble to acquire a nuclear weapons scary
1:31:55
Speaker 1: but plausible. What can be done? I mean, it was
1:31:59
Speaker 1: a peacekeeper basically by default. It basically patrolled the sea lanes,
1:32:04
Speaker 1: it made sure trade flowed, and if there was a
1:32:10
Speaker 1: conflict where it was in America's interest to intervene, it
1:32:15
Speaker 1: could and it could do so quickly and brutally and effectively.
1:32:19
Speaker 1: Although again, the United States has not been good at
1:32:21
Speaker 1: winning wars since World War Two. But now there really
1:32:25
Speaker 1: is a sense that the United States is no longer
1:32:27
Speaker 1: a leader, is no longer kind of out there protecting
1:32:32
Speaker 1: the sea lanes. It's no longer out there protecting the
1:32:35
Speaker 1: good guys and protecting itself. Really, it's no longer. I
1:32:41
Speaker 1: think it was much more America first without Trump than
1:32:44
Speaker 1: it is with Trump. I think wood Trump, it's Trump
1:32:47
Speaker 1: first versus America first. And the consequence of that is
1:32:52
Speaker 1: going to be a few things. One is, I think
1:32:55
Speaker 1: more countries will try to cozy up to China. I
1:32:58
Speaker 1: think in the China will replace America at some point,
1:33:01
Speaker 1: or at least be as effective. I think you'll see alliances.
1:33:07
Speaker 1: You know, why is Pakistan playing such a big role
1:33:12
Speaker 1: in negotiating this deal? Well, think about it. Pakistan as
1:33:14
Speaker 1: an Islamic state with nukes, With nukes, the Saudis are
1:33:21
Speaker 1: going to be super friendly with the Pakistanis. The talks
1:33:26
Speaker 1: are going to be super friendly with the Pakistanis. Even
1:33:29
Speaker 1: the Iranians are going to be super friendly. Why Because
1:33:33
Speaker 1: one possibility is just getting a nuke from Pakistan. Why
1:33:38
Speaker 1: even bother with developing it yourself, just buy it from Pakistan.
1:33:42
Speaker 1: And I'm sure the Saudis are thinking that, and the
1:33:46
Speaker 1: UAE is thinking that. So what you'll see is the
1:33:50
Speaker 1: creation of defense blocks like a Middle East Islamist block,
1:33:54
Speaker 1: which will not be good not be good enough for Israel,
1:33:57
Speaker 1: enough for America, not of the West. More broadly enough
1:34:00
Speaker 1: for civilization. Asians will have to think about what they're
1:34:05
Speaker 1: gonna do. You're definitely gonna see Japan and South Korea
1:34:10
Speaker 1: cooperating more and building up there militaries and building up
1:34:15
Speaker 1: a nuclear deterrent. Maybe I think that's just gonna happen.
1:34:20
Speaker 1: What can be done The United States can assert itself.
1:34:24
Speaker 1: United States can retake, you know, re establish a position
1:34:31
Speaker 1: of strength visa viither world. It can defeat you on
1:34:35
Speaker 1: as a starting point. So, but I short of the
1:34:46
Speaker 1: United States actually reasserting itself in the world stage and
1:34:52
Speaker 1: convincing our enemies and our pretend allies that we assume
1:35:03
Speaker 1: that we can win the way committed to winning, it's
1:35:10
Speaker 1: gonna be. It's gonna be created a much more dangerous world,
1:35:12
Speaker 1: There's no question about that. Thank you, Golden splendid. Really
1:35:17
Speaker 1: appreciate the support. Let's see Ollie, thank you for the sticker,
1:35:24
Speaker 1: and Thomas, thank you for the sticker, and Micro says
1:35:28
Speaker 1: you you a great value for value. Thank you. Mirko
1:35:32
Speaker 1: really really appreciated. I'm curious what you think of the
1:35:36
Speaker 1: new Ferrari design. Milko lives in Modena, loves Ferrari, and
1:35:42
Speaker 1: is a designer. He's not an automobile designer, but he
1:35:47
Speaker 1: is a world class designer. Uh so I'm curious what
1:35:51
Speaker 1: he thinks of the new Ferrari car. Right now, Javis,
1:35:55
Speaker 1: I'll go with him. Do you find life today's irrational
1:35:59
Speaker 1: world to be filled with betrayal? Are you more hesitant
1:36:02
Speaker 1: to open up or bring people into your inner circle?
1:36:10
Speaker 1: I mean, suddenly there is betrayal, Suddainly, there has been betrayal,
1:36:14
Speaker 1: no question about that. And yeah there's a sense in
1:36:18
Speaker 1: which I do. I am more hesitant, but it hasn't
1:36:23
Speaker 1: stopped me. On the other hand, there's not hesitant enough
1:36:26
Speaker 1: in order to cripple my willingness. I mean, what's the
1:36:29
Speaker 1: worst somebody can do to me? Is what I always
1:36:31
Speaker 1: think of. The worst, you know has already probably been done.
1:36:35
Speaker 1: So I don't feel that vulnerable. I don't feel that vulnerable.
1:36:43
Speaker 1: Oh Milker says, don't let me start, so he obviously
1:36:47
Speaker 1: doesn't like it. Okay, it's Johnny eves Man, so so yeah,
1:37:01
Speaker 1: I wouldn't. I don't let it stop me in the
1:37:03
Speaker 1: end of the day, even though it does create some hesitancy.
1:37:08
Speaker 1: Wes West just came in with fifty dollars, thank you,
1:37:10
Speaker 1: Thank you, Wes. So we're now only thirty dollars, thirty
1:37:13
Speaker 1: three dollars short of our goal. So maybe a couple
1:37:16
Speaker 1: of stickers can get us there. That would be amazing, amazing.
1:37:20
Speaker 1: All right, author is assisted suicide not allowed in Israel
1:37:25
Speaker 1: and the US because religion plays a bigger role in
1:37:28
Speaker 1: politics there than the Western Europe. Yes, I think there's
1:37:31
Speaker 1: no doubt. I think that's right. Certainly. You know, there's
1:37:35
Speaker 1: some states that are allowed in the US. Those tend
1:37:37
Speaker 1: to be the most secular states or less religious states
1:37:41
Speaker 1: are again for example, and yes, Israel. The religionists in
1:37:46
Speaker 1: Israel have power. I don't think Israel as a country
1:37:49
Speaker 1: is particularly religious. My life in Israel is very secular,
1:37:55
Speaker 1: and but religious religionists have a lot of political power
1:38:03
Speaker 1: in Israel, and so they would make sure a law
1:38:07
Speaker 1: that allowed for euthanasia, was not allowed, was not passed?
1:38:13
Speaker 1: All right, Stephen, what do you, Stephen Pettit? What do
1:38:17
Speaker 1: you make of dreaming? Is there any legitimacy to dream interpretation?
1:38:23
Speaker 1: They mostly seem to be nonsense, But now and then
1:38:26
Speaker 1: it seems a clearly manifestation of feelings and are reactions
1:38:30
Speaker 1: to things happening in your life. Yeah, there's no question.
1:38:32
Speaker 1: I think dreaming has something to do with your subconsciousness processing,
1:38:42
Speaker 1: friving away with usually more recent data and things that
1:38:47
Speaker 1: are related to it. Certain anxieties you have, but some
1:38:51
Speaker 1: of it relates even to anxieties maybe you had a long,
1:38:54
Speaker 1: long time ago. It's some automatic thing going on in
1:38:58
Speaker 1: the background. I don't put any weight on dream interpretation.
1:39:03
Speaker 1: I don't think. I don't find I don't know. You'd
1:39:06
Speaker 1: have to ask a psychologist if they're useful. I don't
1:39:09
Speaker 1: remember ninety nine point of my dreams, so I have
1:39:15
Speaker 1: no idea what I dream. You know, we all dream
1:39:18
Speaker 1: every night during rem sleep. I don't remember them. Once
1:39:21
Speaker 1: in a while, I remember dream for a few minutes
1:39:24
Speaker 1: and then forget it immediately, So it's meaningless to me. Sam,
1:39:31
Speaker 1: you're the best you're on, Oh thank you. Do you think,
1:39:35
Speaker 1: barring some booming GDP, that interest rates are only going
1:39:39
Speaker 1: to go up potentially really significantly, unless you're spending is
1:39:42
Speaker 1: cut or is there any other way interest rates might
1:39:46
Speaker 1: come down? Well, I mean if if people in so
1:39:53
Speaker 1: interstate will come down, if the perception of price inflation
1:39:57
Speaker 1: goes down, that the risk of price inflation goes down.
1:40:01
Speaker 1: And that can happen a few ways. One monitoring contraption contraction.
1:40:07
Speaker 1: If the Fed you know, engages in contracting its balance sheet,
1:40:13
Speaker 1: selling assets, he's sucking money out of the system, then
1:40:17
Speaker 1: you might see interestates come down. And indeed, the new
1:40:21
Speaker 1: chairman of the Federal Reserve that's what he wants to do.
1:40:23
Speaker 1: He wants to suck money out of the system, and
1:40:26
Speaker 1: long term rates will come down as a consequence, or
1:40:30
Speaker 1: at least that's the anticipation. The other one is if
1:40:34
Speaker 1: there's somebody politically in power presents a real legitimate plan
1:40:40
Speaker 1: for reducing goverment spending, even a little bit, just reducing
1:40:46
Speaker 1: government spending, then again I think you'll see long term
1:40:51
Speaker 1: interstrates come down. Short of that, I don't see them
1:40:55
Speaker 1: going up a lot anytime soon, because I don't think
1:40:58
Speaker 1: there's a flood of money and shur the system right now,
1:41:01
Speaker 1: and I don't think the new Federal Federals of Chairman
1:41:04
Speaker 1: will will will go for that. So I wouldn't be
1:41:09
Speaker 1: surprised if rates bounce around the ten year, which is
1:41:13
Speaker 1: what we're really talking about, bounces around four to five,
1:41:17
Speaker 1: four to four and a half, four point six, four
1:41:18
Speaker 1: point seven in the months to come. And I don't
1:41:22
Speaker 1: know long term. I can't predict these things. There's so
1:41:25
Speaker 1: many moving pieces. If inflation picks up, if CPI and
1:41:31
Speaker 1: other inflation measures keep going up, then yes, interstates will
1:41:35
Speaker 1: go up, and they could go up a lot before
1:41:37
Speaker 1: that comes down. But I just don't see inflation picking
1:41:42
Speaker 1: up that much in the months to come. I expect
1:41:46
Speaker 1: it to be high, but not like double where it
1:41:49
Speaker 1: is right now. Thank you, sam Oh. This actual question
1:41:55
Speaker 1: from yesterday that came in after after we after we
1:42:01
Speaker 1: signed off Alisa's apology. If this question seems ignorant, but
1:42:06
Speaker 1: if Iran wants nuclear warhead, what's stopping one of its
1:42:09
Speaker 1: allies from sending one? Well nothing really. China could send one,
1:42:14
Speaker 1: Russia could send one, Pakistan could send one, but China
1:42:18
Speaker 1: and Russia have to think about whether they want an
1:42:22
Speaker 1: Islamist country to have nuclear weapons. Both Russia and China
1:42:27
Speaker 1: have their own Islamist problems. China has a large Islamic
1:42:32
Speaker 1: population in its west that is not necessarily friendly to
1:42:36
Speaker 1: the communist government. Russia has a large Islamic population much
1:42:42
Speaker 1: more than Europe does, much more than Europe does in
1:42:50
Speaker 1: its south and in its east. So they have no
1:42:59
Speaker 1: interesting giving you on a nuclear weapon. They would be afraid,
1:43:02
Speaker 1: they would be worried, So I think that's a big
1:43:05
Speaker 1: part of it. Also, think about how the world would
1:43:12
Speaker 1: freak out if a country did that. There would be sanctions,
1:43:15
Speaker 1: There would be a lot of attempts to, you know,
1:43:19
Speaker 1: stop it one way or the other, so countries would
1:43:22
Speaker 1: be penalized for doing it. But no, the simplest way
1:43:26
Speaker 1: is to buy one. I mean even North Korea is
1:43:29
Speaker 1: hesitant to do something like that. You don't have to
1:43:33
Speaker 1: transport the weapon. So how would North Korea get an
1:43:36
Speaker 1: atomic weapon from North Korea to Yan? I mean this
1:43:41
Speaker 1: is something the US monitors very very carefully, and if
1:43:44
Speaker 1: it believes a ship is carrying a nuclear weapon from
1:43:47
Speaker 1: North Korea, it would stop that ship without any hesitation,
1:43:56
Speaker 1: all Right, we have stickers from Alan and Milk. Thank
1:44:00
Speaker 1: you guys, and we have made out to our goals.
1:44:02
Speaker 1: So thank you. We really appreciate that. All right, let's
1:44:15
Speaker 1: see Lincoln. Lincoln has a lot of questions in economic
1:44:20
Speaker 1: there's a theory of crowding out effect when government borrowing
1:44:24
Speaker 1: crowds out the private sector as money flows into treasuries
1:44:28
Speaker 1: instead of private loans and stock investments. Yet despite record deficits,
1:44:33
Speaker 1: the stock market has boomed since two thousand and eight,
1:44:37
Speaker 1: even more than inflation measures like MPT, money supply and CPI.
1:44:41
Speaker 1: Why might this be well, I think it basically is
1:44:47
Speaker 1: because large American businesses have done very well during this period.
1:44:52
Speaker 1: If you look at earnings growth, if you look at
1:44:54
Speaker 1: profit margins, if you look at free cash flow creation
1:45:00
Speaker 1: by large American businesses, they have done phenomenally well, phenomenally well.
1:45:09
Speaker 1: So so that is why stock market reflects the potential
1:45:20
Speaker 1: of companies to make money, to be profitable, and to
1:45:24
Speaker 1: generate cash flow. And US companies have done exactly that,
1:45:29
Speaker 1: these big companies. And some of that is tech, but
1:45:32
Speaker 1: not all of it is tech. I mean other companies
1:45:34
Speaker 1: that have done very very well. So you know, the
1:45:39
Speaker 1: stock market is not that affected. It's affected, but not
1:45:42
Speaker 1: that affected by macro changes. And remember a big chunk
1:45:48
Speaker 1: of the twenty teens interest rate so basically zero and
1:45:53
Speaker 1: a very low interstate environment is very good for stocks.
1:45:57
Speaker 1: That means a discount rate that we're discounting future cash
1:46:00
Speaker 1: is very low, which raises prices. So member interest rates
1:46:03
Speaker 1: and stock prices are invertally related, inversely related. So when
1:46:08
Speaker 1: interstrates so low, stock prices will hide. Now, why hasn't
1:46:11
Speaker 1: the stock market gone down with the interestates going up?
1:46:13
Speaker 1: A lot of that has to be AI has to
1:46:16
Speaker 1: be the booming AI. All right, selfie subscriber, I'm a
1:46:23
Speaker 1: Patreon AMA subscriber. Is that twenty five dollars or more?
1:46:26
Speaker 1: I assume? So? Will I be able to attend the
1:46:29
Speaker 1: YouTube AMA session tomorrow with the YouTube AMA benefit? Yes?
1:46:33
Speaker 1: You should have gotten an email with information on how
1:46:37
Speaker 1: to join the YouTube AMA session. If you have not
1:46:42
Speaker 1: received that email, then let me know. Just drop me
1:46:48
Speaker 1: an email at you ran at your on bookshow dot com.
1:46:52
Speaker 1: You run at your on bookshow dot com. If you
1:46:55
Speaker 1: drop me an email, I'll send you the link for
1:46:57
Speaker 1: the AMA. But you should have received one from ask
1:47:02
Speaker 1: from Angela or from ask youuron at your on bookshow
1:47:06
Speaker 1: dot com. So check maybe in a spam folder, but
1:47:09
Speaker 1: if you're twenty five dollars above monthly supporter, yeah you
1:47:13
Speaker 1: should have received it. I assume, AmAm YouTube ame benefit
1:47:22
Speaker 1: is the level of giving that allows you to participate
1:47:26
Speaker 1: in the AMA twenty five dollars. I assume that's what
1:47:29
Speaker 1: it means. All right, back to Lincoln. How westernized can
1:47:37
Speaker 1: a post Islamist Middle East realistically get? Iran and Lebanon
1:47:42
Speaker 1: rejected Western civilization decade ago, and even as the UAE
1:47:46
Speaker 1: and saidu AB have liberalized a certain extent, they're all
1:47:50
Speaker 1: hardcore monarchists and have chosen all money central planning over capitalism. Yeah.
1:47:56
Speaker 1: I mean it's a good question, and it's going to
1:47:58
Speaker 1: take it. We're gonna have to wait and see. I've
1:48:02
Speaker 1: skeptical about how westernized they can become. I think Iran
1:48:05
Speaker 1: has the best shot because Iran is more secular, funnily enough,
1:48:10
Speaker 1: than these other countries. Iwanis lived through sharia law, a
1:48:15
Speaker 1: rule of the mulahs, rule of sharia, and they are
1:48:18
Speaker 1: rejecting it. And last time they rejected it Under the show,
1:48:23
Speaker 1: they had quite a secular society, quite a westernized system.
1:48:31
Speaker 1: So I think of all the countries, Iran is probably
1:48:35
Speaker 1: the most likely to be secularized and to become westernized
1:48:41
Speaker 1: if it's ever liberated. Lincoln, what role does low public
1:48:48
Speaker 1: sector salaries play in corruption in the government? Military FBI
1:48:55
Speaker 1: CA officers all make fractions of what private jobs, and
1:49:00
Speaker 1: Congress make relatively little compared to lawmate lawyers and Navy
1:49:04
Speaker 1: seals and green beerys leave the military, foe book deals
1:49:08
Speaker 1: and consulting. You know, I don't know, but at last
1:49:12
Speaker 1: I saw government employees as a group as a class
1:49:16
Speaker 1: actually make more than the private sector. I think that
1:49:18
Speaker 1: was crossed five, six, seven years ago, where the public
1:49:23
Speaker 1: sector is not making more than the private sector. But yeah,
1:49:26
Speaker 1: I'm sure there are people out there who are underpaid
1:49:29
Speaker 1: resent that fact, and that opens them up to corruption.
1:49:33
Speaker 1: I think it's important to pay police and judges and
1:49:38
Speaker 1: legislatures a lot of money so that they are not susceptible.
1:49:43
Speaker 1: But that only should happen if they do a good job.
1:49:45
Speaker 1: And I don't think Congress should pay anything. I think
1:49:48
Speaker 1: they should pay us given what a lousy job they're doing. Lincoln, again,
1:49:55
Speaker 1: so much a mega feels like gen X Millennium era,
1:49:59
Speaker 1: team fantasies, kid Rock, UFC, NFL come to mind, alongside
1:50:04
Speaker 1: the playing of copyrighted rock music, populist appeal to the
1:50:09
Speaker 1: lowest common denominative culture, Jenet X men being the gpic
1:50:16
Speaker 1: and nostalogia for the eighties and nineties seem to be
1:50:18
Speaker 1: the reasons. Yeah, I mean, it's definitely the energy is
1:50:21
Speaker 1: from young people, although I don't think that. I think
1:50:23
Speaker 1: MAGA is mainly old people with the energy coming from
1:50:27
Speaker 1: the young. I think it's the young and the old.
1:50:29
Speaker 1: The middle group is probably underrepresented in MAGA, and it's
1:50:34
Speaker 1: a combinations. It's basically frustration and anger of older people,
1:50:39
Speaker 1: and it's this combination of emotionalism among the younger. Lincoln
1:50:46
Speaker 1: says value for value for the human achievement section. Thank you, Lincoln.
1:50:49
Speaker 1: I'm glad you guys really enjoyed that. Mary Linosi says
1:50:53
Speaker 1: love the human achievement feature. Thank you, anomalist. Do you
1:50:59
Speaker 1: know if Ironman had any opinion of Howard Hughes, specifically
1:51:04
Speaker 1: He's fight against the Senate in nineteen forties to clear
1:51:07
Speaker 1: his name against being labeled a warp puffatia for unfinished aircraft.
1:51:11
Speaker 1: I don't know. I don't know if she said anything
1:51:14
Speaker 1: about Howard Hughes. I think he's quite a heroic character,
1:51:18
Speaker 1: particularly in those early days before he goes crazy. Sadly,
1:51:21
Speaker 1: he does go crazy, but he is quite a heroic
1:51:25
Speaker 1: and an incredibly accomplished businessman. He was the richest man
1:51:28
Speaker 1: in the world at some point. Stephen, another weird human phenomena.
1:51:33
Speaker 1: What do you make of deja voux? There's got to
1:51:36
Speaker 1: be a rational explanation. Have you ever heard a good
1:51:38
Speaker 1: explanation to have one yourself? I mean, deja vu is
1:51:41
Speaker 1: just your mind connecting a particular event with something similar
1:51:47
Speaker 1: and causing you to feel like you've done it before.
1:51:49
Speaker 1: But it's just a feeling, and it's just a connection.
1:51:51
Speaker 1: But it's not a thing. It's not a it's not
1:51:57
Speaker 1: an actual connection to anything. It's just a reminiscent there's
1:52:01
Speaker 1: something something similar. That's all. That's my best understanding of it.
1:52:06
Speaker 1: I'm sure they're better explanations. Uh, Milco A great call.
1:52:13
Speaker 1: Not a Ferrari, all right, I guess I can see
1:52:16
Speaker 1: that it's not quite as masculine as as a Ferrari
1:52:21
Speaker 1: needs to be. So many once told me. Actually it
1:52:24
Speaker 1: was the CEO of Playboy magazine, Seal. Playboy Magazine told
1:52:27
Speaker 1: me once he owned the Ferrari and a Austin Martin,
1:52:31
Speaker 1: and I love the Austin Martin And he said, that's
1:52:34
Speaker 1: my feminine side speaking, because you know, he said, and
1:52:37
Speaker 1: Austin Martin is a feminine look a feminine call uh,
1:52:41
Speaker 1: and the Ferrari is a masculine car. So but yeah,
1:52:46
Speaker 1: I think I think you're right that it wasn't It's
1:52:49
Speaker 1: not a Ferrari in that sense of masculine, of a
1:52:54
Speaker 1: masculine Shia power. I liked it, well, I like anything
1:52:57
Speaker 1: Johnny Ies does. But but I I would buy one,
1:53:01
Speaker 1: not five a million now for five hundred and fifty
1:53:04
Speaker 1: thousand US six times thousand dollars. But I would buy
1:53:08
Speaker 1: one if it was reasonably placed. I wish I wish
1:53:12
Speaker 1: they were. I wish Apple had come out with that car.
1:53:16
Speaker 1: J J Jigbe says, I'm trying to send a super chat,
1:53:19
Speaker 1: but it won't allow some of the language in my question,
1:53:22
Speaker 1: all of which is necessary for context. Can I email
1:53:24
Speaker 1: you instead? Yeah, I won't handle it today, but you
1:53:28
Speaker 1: can also misspell and stuff the words, so it will
1:53:33
Speaker 1: allow it. But I don't know. Email me and I'll
1:53:38
Speaker 1: do it on Monday. Ollie, I too appreciate the human
1:53:43
Speaker 1: achievement updates. Thank you, Allie, thank you, all of you. Great.
1:53:45
Speaker 1: We made our target for the second hour, and we're
1:53:48
Speaker 1: hitting the second hour exactly. We're an hour and fifty
1:53:51
Speaker 1: five in. Remember tomorrow, we have an ama. If you're
1:53:55
Speaker 1: twenty five dollars and above on one of the platforms
1:53:58
Speaker 1: and you didn't get an email with instruction, let me
1:54:01
Speaker 1: know you're on at your on bookshow dot com. If
1:54:05
Speaker 1: remember that on Sunday, we've got my show with Nikos
1:54:09
Speaker 1: on postmodernism. It's gonna be a good show, really good show,
1:54:13
Speaker 1: and explain a lot about the modern world. So join
1:54:16
Speaker 1: me for that. Postmondernism on the left, post monitors on
1:54:19
Speaker 1: the right, it's everywhere. Yeah. So yes, I'll see you
1:54:27
Speaker 1: tomorrow Sunday and then they'll be I think planned right
1:54:31
Speaker 1: now is for two shows on Monday. See you tomorrow. Bye. Everybody,
1:54:36
Speaker 1: have a great, great weekend.