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Trump; DeNaturalize; Electric Cars; Venezuela; Loureiro; Australia; Podhoretz | Yaron Brook Show · Yaron Brook Show

• 0:02
  Speaker 1: A lot of them, fundamental principles of edom, little self,
• 0:10
  Speaker 1: Christ and the individual wats.
• 0:15
  Speaker 2: This is the.
• 0:17
  Speaker 3: Show, all right, everybody, welcome to you one book show
• 0:23
  Speaker 3: on this Thursday, December eighteenth.
• 0:27
  Speaker 2: I hope everybody is having a good week. And uh, I.
• 0:34
  Speaker 3: Guess we're getting ready for the weekend. I you know,
• 0:36
  Speaker 3: I mean weekend before Christmas. It's it's the holiday season.
• 0:42
  Speaker 3: Uh and uh yeah, time is just flying, flying, by flying.
• 0:49
  Speaker 3: We'll soon be in twenty twenty six. All right, let's
• 0:54
  Speaker 3: I guess let's just jump in.
• 0:56
  Speaker 2: Let's just jump in with the news for this Thursday, December.
• 1:01
  Speaker 3: Eighteenth, and you know, we'll start with Trump's speech to
• 1:08
  Speaker 3: the nation yesterday. You know, his his polling numbers are
• 1:12
  Speaker 3: really really low, even for Trump.
• 1:16
  Speaker 2: They're very very low.
• 1:18
  Speaker 3: People are his political party, the Republicans, are panicking about
• 1:23
  Speaker 3: the midterms, you know, eleven months from now, and people
• 1:29
  Speaker 3: upset by the rising cost of living and by what
• 1:33
  Speaker 3: they're calling their affordability crisis. They can't afford stuff. And
• 1:42
  Speaker 3: I think there's also just a lot of angst around
• 1:45
  Speaker 3: Ice and around which I don't think is very popular
• 1:49
  Speaker 3: at all, even among Republicans.
• 1:50
  Speaker 2: Is not super popular.
• 1:52
  Speaker 3: More than most stories coming out about American citizens being
• 1:57
  Speaker 3: taken and treated really really horrifically.
• 2:01
  Speaker 2: Uh.
• 2:02
  Speaker 3: And and just just the whole attitude of going after
• 2:04
  Speaker 3: people at work.
• 2:06
  Speaker 2: I think is is Americans don't like it. So generally, again,
• 2:11
  Speaker 2: napolling numbers are down, and he is, uh, you know, he's.
• 2:19
  Speaker 3: Unpopular and struggling, and the Republicans are really scared that
• 2:24
  Speaker 3: they're going to take.
• 2:24
  Speaker 2: A huge beating next year. I mean, usually the party
• 2:28
  Speaker 2: that is not in the White House does very, very
• 2:31
  Speaker 2: well in the off year congressional elections.
• 2:35
  Speaker 3: This year, they think that's going to happen. On steroids,
• 2:40
  Speaker 3: that is, that's going to be even greater. And you
• 2:42
  Speaker 3: can see that by the fact that there's so much
• 2:45
  Speaker 3: emphasis and so much focused on the redistrict redistricting fight
• 2:50
  Speaker 3: to try to get to manipulate as many congressional districts
• 2:54
  Speaker 3: to be Republicans as possible in order to try to
• 2:59
  Speaker 3: in order to try to secure that election.
• 3:01
  Speaker 2: In twenty twenty six. Somehow. You know, I'm not good
• 3:04
  Speaker 2: at political progostini forecasting.
• 3:08
  Speaker 3: Let's use that word. It's easier, So you know, I
• 3:12
  Speaker 3: don't know if it's true or not. I see the
• 3:15
  Speaker 3: popular eleveny numbers, and the president is very, very unpopular,
• 3:19
  Speaker 3: there is no question about that. And the history does
• 3:21
  Speaker 3: suggest that the off ye elections the party outside of
• 3:26
  Speaker 3: the White House that very well. So I think those
• 3:28
  Speaker 3: are kind of those are statistical facts. How it plays
• 3:32
  Speaker 3: out between now and November, it is impossible to say
• 3:37
  Speaker 3: is they going to be a recession? Is they not?
• 3:40
  Speaker 3: Is there going to be some kind of surprise? Does
• 3:44
  Speaker 3: Trump have some kind of fun policy huge fun policy
• 3:47
  Speaker 3: success that people latch onto, although I think people are
• 3:51
  Speaker 3: focused really on the cost of living issue, but I
• 3:55
  Speaker 3: don't know. Housing prices come down because of something happening.
• 4:00
  Speaker 3: It is impossible to say what's going to happen in
• 4:02
  Speaker 3: November of next year. So it's the election, but clearly
• 4:05
  Speaker 3: Republicans are panicking anyway, is talking yesterday. His little speech
• 4:12
  Speaker 3: yesterday was seemed like one of those you know, a
• 4:16
  Speaker 3: little bit panic speech. I mean, he didn't say anything new,
• 4:19
  Speaker 3: He repeated everything that we've already heard from him, all
• 4:25
  Speaker 3: couched as things were horrible under Biden. I inhabited the
• 4:33
  Speaker 3: worst situation possible. I've done my best, I really put
• 4:38
  Speaker 3: into motion, and things are really good.
• 4:41
  Speaker 2: You just don't know it. But things are really good
• 4:44
  Speaker 2: and they're going to get even better.
• 4:45
  Speaker 3: Twenty twenty six might be the best year in all
• 4:48
  Speaker 3: of American history for the economy.
• 4:50
  Speaker 2: So we're going to do phenomenally well. Just be patient.
• 4:52
  Speaker 2: And by the way, you're going to get huge refunds from.
• 4:55
  Speaker 3: The IRS in April, the biggest ever in all of
• 4:59
  Speaker 3: them are in history. So a lot of stuff like that,
• 5:03
  Speaker 3: and how great he is, and how jobs are coming back.
• 5:06
  Speaker 3: Eighteen trillion dollars from tariffs and investment as a consequence
• 5:10
  Speaker 3: of tariffs. The number was actually from Taft's directly two
• 5:13
  Speaker 3: hundred billion. And investments who knows, I mean any of
• 5:18
  Speaker 3: those investments real, so who knows?
• 5:24
  Speaker 2: You know.
• 5:24
  Speaker 3: So Biden and immigrants were at fault, and whatever problems
• 5:28
  Speaker 3: you have, as as he's done for ten years now,
• 5:32
  Speaker 3: whatever problems you have, it's Biden and immigrants fault. So
• 5:40
  Speaker 3: you know, drug prices are coming down, everything's coming down.
• 5:43
  Speaker 3: Just wait and see how amazing life is going to
• 5:46
  Speaker 3: be in the year to come. It really, you know,
• 5:51
  Speaker 3: it really does. Did sound a little desperate. Again, nothing
• 5:57
  Speaker 3: he said was was different in the past. I mean here,
• 6:00
  Speaker 3: you know, this is what he said one year ago.
• 6:03
  Speaker 3: Our country was dead. We were absolutely dead. Did you
• 6:06
  Speaker 3: guys feel dead? I mean all of you guys dead.
• 6:10
  Speaker 3: Our country has was ready to fail, I guess go bankrupt.
• 6:15
  Speaker 3: I don't know, fail, totally fail, not just a little
• 6:19
  Speaker 3: bit failed, totally fail.
• 6:21
  Speaker 2: Now we're the hottest country anywhere in the world.
• 6:24
  Speaker 3: Hottest country. Now the stock market's up. That's that's good.
• 6:32
  Speaker 3: I'm glad. The STOCKMA gets up. STOCKBOE is up two
• 6:36
  Speaker 3: years in a row, over twenty five percent on the Biden.
• 6:39
  Speaker 2: So I don't know if that counts for anything.
• 6:41
  Speaker 3: Uh, and the stock markets didn't think that we were
• 6:44
  Speaker 3: dead a year ago, he says. It's it's not done yet,
• 6:49
  Speaker 3: but boy, are we making progress.
• 6:51
  Speaker 2: Nobody can believe what's going on.
• 6:54
  Speaker 3: I mean most people can actually believe it, and they're
• 6:56
  Speaker 3: not too happy with what's going on.
• 6:59
  Speaker 2: No backtracking, no backtracking.
• 7:01
  Speaker 3: From tariffs, although of course he's excluded so many things,
• 7:04
  Speaker 3: he's rejected so many things that tariffs are, you know,
• 7:10
  Speaker 3: a signific lower than what he initially proposed. They're still bad,
• 7:14
  Speaker 3: but they're not anywhere near as high as they were.
• 7:16
  Speaker 3: He's got deals with China, He's he's done things to
• 7:20
  Speaker 3: lower the damage to reduce the damage he originally caused.
• 7:24
  Speaker 2: Tom Boss announced a new program.
• 7:27
  Speaker 3: There is going to send checks of one thousand, seven
• 7:30
  Speaker 3: hundred and seventy seven hundred and seventy six seventeen seventy
• 7:35
  Speaker 3: six dollars to members of the military, an initiative that
• 7:40
  Speaker 3: he had just finalized. He's calling it the Warrior dividends,
• 7:44
  Speaker 3: Warrior dividend. Department of War is issuing warrior dividends. We're
• 7:48
  Speaker 3: not fighting anybody, but we're issuing warrior dividends. People were questioning,
• 7:55
  Speaker 3: where's the money coming from? Doesn't he need congressional approval?
• 8:00
  Speaker 3: How's he going to do this? I mean, there's seventeen
• 8:02
  Speaker 3: seventy six at one point four five million troops out there.
• 8:06
  Speaker 2: That's a lot of money. Uh, you know, how do you?
• 8:10
  Speaker 2: How do you?
• 8:11
  Speaker 3: How does how does he Where does he get the
• 8:13
  Speaker 3: money from? Well, it turns out that all he is
• 8:16
  Speaker 3: doing is he's repositioning money that already been allocated by
• 8:23
  Speaker 3: Congress to provide a military families with a housing allowance,
• 8:31
  Speaker 3: and he's taking about half of that housing allowance and
• 8:34
  Speaker 3: he's calling it a seventeen seventy six Uh, you know,
• 8:39
  Speaker 3: warrior dividend.
• 8:42
  Speaker 2: So no, new money. That's good because you know.
• 8:45
  Speaker 3: We're spending more than we can afford anyway, but it
• 8:49
  Speaker 3: is it is deceptive because this is money that was
• 8:51
  Speaker 3: going to military personnel anyway. But you know Trump announced
• 8:56
  Speaker 3: it yesterday as if this was new money that you know,
• 8:59
  Speaker 3: he was.
• 9:00
  Speaker 2: Supporting our troops.
• 9:01
  Speaker 3: I mean, this is what he does, right, You get
• 9:04
  Speaker 3: politicians to do, but he does it more than anybody else.
• 9:06
  Speaker 2: I guess. You get.
• 9:12
  Speaker 3: You have damage caused by tariffs or other government policy,
• 9:16
  Speaker 3: and the damage is usually focused on a particular group farmers,
• 9:21
  Speaker 3: you know, working class Americans, whatever, And.
• 9:24
  Speaker 2: What do you do. You start throwing money at them.
• 9:27
  Speaker 2: You you subsidize them.
• 9:30
  Speaker 3: So we got the twelve billion dollar bill in addition
• 9:34
  Speaker 3: to the farm Aid, in addition to everything we get farmers.
• 9:36
  Speaker 3: In addition all the subsidies, we provide farmers an extra
• 9:39
  Speaker 3: twelve billion to compensate them for tariffs. Kind of funny.
• 9:46
  Speaker 3: So that he said was tariff money. Then the seventeen
• 9:50
  Speaker 3: seventy six money he said was tariff money. But it's not.
• 9:53
  Speaker 3: It's already been appropriated. Money is fungible. It's just money
• 9:58
  Speaker 3: that the trisery, the trad really borrows. It's all borrowed money.
• 10:03
  Speaker 2: Uh and yeah, so.
• 10:08
  Speaker 3: You know he's he's really been coached now, you know,
• 10:12
  Speaker 3: because he was out there saying there's no affordability crisis.
• 10:16
  Speaker 2: You guys don't know what you're talking about. Things are
• 10:18
  Speaker 2: cheapen out than they used to be. The inflation is negative,
• 10:21
  Speaker 2: Prices are coming down.
• 10:23
  Speaker 3: Not only have they stabilized, not going up, they're coming down.
• 10:25
  Speaker 3: According to Trump. Well that didn't work, because you know,
• 10:30
  Speaker 3: everybody knows inflation is positive. The inflation number this morning
• 10:34
  Speaker 3: was two point seven percent lower than people expected, but
• 10:40
  Speaker 3: it's quite you know, it's still.
• 10:43
  Speaker 2: Two seven percent.
• 10:44
  Speaker 3: It's still not anywhere close to two, which is the
• 10:48
  Speaker 3: Fed's target, and it's not zero, which is my target.
• 10:53
  Speaker 2: So he can't.
• 10:55
  Speaker 3: He keeps saying affordability crisis gone, inflation's gone, prices coming down,
• 10:59
  Speaker 3: but it's not true, which doesn't usually bother people at
• 11:03
  Speaker 3: the White House. But it bothers people at the White House.
• 11:06
  Speaker 3: Not because people in America aren't buying it. This is
• 11:10
  Speaker 3: a lie that actually affects the bottom line, that affects
• 11:13
  Speaker 3: the They know because they go to the grocery store
• 11:17
  Speaker 3: and they're upset. So the consequence of that is they're
• 11:21
  Speaker 3: really coaching him to talk about the economy in a
• 11:25
  Speaker 3: different kind of way, kind of recognize that people are
• 11:28
  Speaker 3: facing financial hardship. But he just has a hard time
• 11:31
  Speaker 3: doing that, right, He has a hard time doing that
• 11:34
  Speaker 3: given it's under his watch. So you know, to him,
• 11:40
  Speaker 3: the stock market is surging and he's doing all the
• 11:43
  Speaker 3: right things, and he cares about America and that's enough
• 11:48
  Speaker 3: that that counts for everything. So yep, anyway, we'll see
• 11:54
  Speaker 3: how this how much this worked in terms of convincing
• 11:58
  Speaker 3: anybody of anything. And again, this was kind of one
• 12:03
  Speaker 3: of those speeches where he just talks about all his
• 12:08
  Speaker 3: great achievements and many of them are just blatant lies,
• 12:13
  Speaker 3: unrelated to anything truthful. One thing that did happen today,
• 12:19
  Speaker 3: I think it's today this morning. The website, the website
• 12:23
  Speaker 3: that allows people to set up bank accounts Trump accounts.
• 12:29
  Speaker 3: They're called I mean, why wouldn't they be called Trump accounts,
• 12:34
  Speaker 3: which is a type of text advantage saving any investment
• 12:36
  Speaker 3: account that was part of the big beautiful bill. So
• 12:41
  Speaker 3: just to let you guys know, you can now set
• 12:43
  Speaker 3: these up. They function as individual retirement accounts, but they're
• 12:48
  Speaker 3: for your kids, so as a parent, you can set
• 12:52
  Speaker 3: up an account on behalf of a child age eighteen
• 12:56
  Speaker 3: or younger and put five thousand dollars in there.
• 13:00
  Speaker 2: A year and I guess it's it's tax free, it's p.
• 13:05
  Speaker 3: Tax And now I don't know if it acts like
• 13:08
  Speaker 3: a roth IRA.
• 13:10
  Speaker 2: I don't think so.
• 13:11
  Speaker 3: I think you may be tax when you withdraw the money.
• 13:14
  Speaker 3: But you can you can deposit the money in there
• 13:18
  Speaker 3: tax free.
• 13:20
  Speaker 2: You can get the form. It's IRS form four five
• 13:24
  Speaker 2: four seven four five four seven. You can.
• 13:28
  Speaker 3: You should fill it in with your twenty twenty five
• 13:30
  Speaker 3: tax return, which is due you know, in before April
• 13:34
  Speaker 3: twenty twenty six. And you can also you can you
• 13:38
  Speaker 3: can do that also at Trump Accounts dot gov. You
• 13:41
  Speaker 3: can go there and set it all up and and
• 13:45
  Speaker 3: elect make the election I guess the four five four
• 13:48
  Speaker 3: seven election there.
• 13:50
  Speaker 2: So you don't have to fill out a form with paper.
• 13:54
  Speaker 3: After filing the form, the Treasury is going to confirm
• 13:57
  Speaker 3: that the account has been opened with an authentication process,
• 14:01
  Speaker 3: which means they're can authenticate that your child is an
• 14:03
  Speaker 3: American citizen.
• 14:06
  Speaker 2: And therefore eligible for this kind of account.
• 14:10
  Speaker 3: Beyond that, if debate if the child is born in
• 14:15
  Speaker 3: twenty twenty five, and this will be two through.
• 14:18
  Speaker 2: Twenty twenty eight.
• 14:20
  Speaker 3: Parents can elect to receive one thousand dollars from.
• 14:28
  Speaker 2: The government from other parents, from other parents who pay
• 14:33
  Speaker 2: their taxes. They're no income requirements.
• 14:36
  Speaker 3: Everybody's eligible as long as their kids are US citizens and.
• 14:39
  Speaker 2: We're born between twenty twenty five and twenty twenty eight.
• 14:41
  Speaker 3: So don't forget to elect to get your thousand dollars
• 14:45
  Speaker 3: subsidy for your kids. You can't touch that money, but
• 14:48
  Speaker 3: your kids can. It goes into that account now in
• 14:53
  Speaker 3: addition to that right, so let me just see, the
• 15:00
  Speaker 3: money would be deposited in a Trump account sometime before
• 15:06
  Speaker 3: July for twenty twenty six.
• 15:08
  Speaker 2: According to DIRS, if you trust those.
• 15:10
  Speaker 3: Guys children tenor under giving you all the details so
• 15:16
  Speaker 3: you can get your you can get your money, and
• 15:18
  Speaker 3: you can get your text free account. Children are the
• 15:20
  Speaker 3: ten or under born before January one, twenty twenty five,
• 15:26
  Speaker 3: right who wouldn't qualify for the one thousand dollars you
• 15:30
  Speaker 3: know deposit from the government could get a two hundred
• 15:33
  Speaker 3: and fifty dollars contribution if they live in a zip
• 15:37
  Speaker 3: code where the medium income is one hundred and fifty thousand,
• 15:42
  Speaker 3: dollars or less.
• 15:43
  Speaker 2: So it's not about where that you have a.
• 15:45
  Speaker 3: Median income of one hundred and fifty thousand dollars or less,
• 15:49
  Speaker 3: but whether you live in a zip code that has
• 15:52
  Speaker 3: you might want to move into a poorer area, guys.
• 15:57
  Speaker 3: So the money is aimed towards lower income family least
• 16:00
  Speaker 3: based on the zip code. But as far as I
• 16:04
  Speaker 3: know that is on now that money, that money is
• 16:09
  Speaker 3: not from the government, So that money, the two hundred
• 16:12
  Speaker 3: and fifty dollars doesn't come to you from the treasury,
• 16:16
  Speaker 3: from other taxpayers. That actually comes to you directly from
• 16:21
  Speaker 3: the Dell Foundation. It comes to you from Michael Dell
• 16:26
  Speaker 3: and his wife's foundation. They contributed six point five billion
• 16:30
  Speaker 3: dollars I think for these two hundred and fifty dollars
• 16:32
  Speaker 3: contributions into Trump accounts for children ten honder you know,
• 16:40
  Speaker 3: as a as a charitable as a charitable thing. That's
• 16:44
  Speaker 3: that's from the Dell Foundation right now. If you live
• 16:47
  Speaker 3: in Connecticut, I think there's another two hundred and fifty
• 16:53
  Speaker 3: two hundred and fifty you can get and that's now
• 16:56
  Speaker 3: from the from another foundation, Rate Value Foundation. If you
• 17:01
  Speaker 3: live in Connecticut can get another two hundred and fifty anyway,
• 17:04
  Speaker 3: a lot of money going into these childhood accounts. It's
• 17:10
  Speaker 3: also true that employers can contribute into these child children
• 17:15
  Speaker 3: accounts twenty five hundred per worker per year, but that's
• 17:20
  Speaker 3: part of the five thousand limits, so you can't put
• 17:22
  Speaker 3: more than five thousand in there. The tax to foot
• 17:26
  Speaker 3: the employee can do to twenty five hundred. You can
• 17:27
  Speaker 3: do as a pairent twenty five hundred. Trump accounts investments
• 17:32
  Speaker 3: are restricted to broad US equity funds, index funds brought
• 17:37
  Speaker 3: US equity index funds, y only US.
• 17:40
  Speaker 2: I don't know, but okay, they.
• 17:43
  Speaker 3: Must track a qualified index, can't use leverage, and they
• 17:47
  Speaker 3: can't exceed the annual fees expenses of ze point one percent.
• 17:51
  Speaker 2: So yeah, this will be profitable for people.
• 17:53
  Speaker 3: Like Dalio is only matching Dells two hundred and fifty
• 17:59
  Speaker 3: in Connecticut?
• 18:01
  Speaker 2: I think it's in Connecticut. Yeah, where's the poor part
• 18:05
  Speaker 2: of Connecticut? Most of Connecticut is poor.
• 18:08
  Speaker 3: Connecticut is as very high inequality as they call it. Right,
• 18:12
  Speaker 3: You've got very rich people in parts of it. Most
• 18:15
  Speaker 3: of Connecticut is quite poor. A lot of poor areas
• 18:19
  Speaker 3: in Connecticut, you know at Hartford, all the cities. Basically
• 18:23
  Speaker 3: you know, all the places where it used to be
• 18:27
  Speaker 3: the hub of insurance and things like that. Regulations have
• 18:30
  Speaker 3: driven them out that they're out of there, and and
• 18:33
  Speaker 3: a lot of a lot of.
• 18:35
  Speaker 2: Poor people there. Let's see.
• 18:38
  Speaker 3: Uh, yeah, these are great. So uh these accounts, you
• 18:42
  Speaker 3: get to start them. I'm all for tax deferred accounts.
• 18:45
  Speaker 3: I'd rather just defer taxes. I'd just rather figure out
• 18:48
  Speaker 3: a different way to tax people so we didn't have
• 18:51
  Speaker 3: to create all this complexity, but more complexity in our
• 18:54
  Speaker 3: tax code.
• 18:55
  Speaker 2: People love this. The government loves us, all right, So
• 19:02
  Speaker 2: that that's that part.
• 19:07
  Speaker 3: One of the real scary, really scary proposals that Trump
• 19:12
  Speaker 3: is making right now.
• 19:15
  Speaker 2: Is this idea.
• 19:16
  Speaker 3: We've talked about it a little bit in the past,
• 19:18
  Speaker 3: but it wasn't yet a former proposal.
• 19:21
  Speaker 2: Now it's a formal proposal. Trump is actually.
• 19:27
  Speaker 3: Asking the the uh uh you know, whoever is responsible
• 19:33
  Speaker 3: for immigration, the immigration authorities, to start significantly increasing in
• 19:43
  Speaker 3: the number of people who are de naturalized. De naturalized, Yeah,
• 19:51
  Speaker 3: people like me who became naturalized citizens of the United
• 19:54
  Speaker 3: States in my case twenty something years ago, twenty two
• 20:00
  Speaker 3: years ago. And the idea is to take away the
• 20:03
  Speaker 3: citizenship and deport them, so literally take away their passports,
• 20:10
  Speaker 3: take away the citizenship.
• 20:14
  Speaker 2: So you know, there used to be maybe one hundred
• 20:17
  Speaker 2: people a year that they used to supply to.
• 20:20
  Speaker 3: People who they discovered committed major fraud when they applied
• 20:25
  Speaker 3: for the citizenship or you know, things like that.
• 20:30
  Speaker 2: Now the idea is that you do it.
• 20:33
  Speaker 3: There's a quota now, so he's asked them for between
• 20:37
  Speaker 3: one hundred and two hundred people a month to identify them.
• 20:42
  Speaker 3: People are worried because remember Trump's deponing people right now
• 20:47
  Speaker 3: who have applied for asylum or who are in some
• 20:51
  Speaker 3: of the way in the process of in the legal
• 20:54
  Speaker 3: process of immigration.
• 20:57
  Speaker 2: They're being deported because they made.
• 20:59
  Speaker 3: An error or because they had a typo, or because
• 21:03
  Speaker 3: they didn't you know, they lied, but an insignificant lie
• 21:08
  Speaker 3: in their application. They're out, they're gone. And now the
• 21:11
  Speaker 3: idea is that they're going to try to find people
• 21:18
  Speaker 3: who might have lied or might have been not completely
• 21:22
  Speaker 3: truthful in their application, and they're going to take it back.
• 21:27
  Speaker 3: They're going to just retry it. David's asking if it's constitutional.
• 21:32
  Speaker 3: I don't think we'll know until one of these people
• 21:35
  Speaker 3: takes it to the court and drives it.
• 21:37
  Speaker 2: I don't know what the law.
• 21:40
  Speaker 3: And the constitutions say about this. It seems to me crazy,
• 21:44
  Speaker 3: It seems to be wrong. It seems to be you
• 21:46
  Speaker 3: can't do it. If somebody since getting citizenship has committed murder,
• 21:53
  Speaker 3: we don't take away their citizenship and deport them.
• 21:56
  Speaker 2: We put them in jail for the rest of their life.
• 22:01
  Speaker 3: So the fact that you, you know, Lighten wasn't caught
• 22:06
  Speaker 3: in your application doesn't seem right to me. Of course,
• 22:09
  Speaker 3: it depends on the level of fraud that was committed.
• 22:12
  Speaker 2: It was really faut But.
• 22:17
  Speaker 3: This is borderline, and it's clear that this is mainly
• 22:21
  Speaker 3: there to harass people. It's mainly there to find his enemies,
• 22:26
  Speaker 3: find people he doesn't like, find people who hold believes
• 22:29
  Speaker 3: he doesn't approve of, and go out and harass them.
• 22:35
  Speaker 3: That I think is the primary, the primary, you know,
• 22:43
  Speaker 3: purpose of this. It has not he to do with
• 22:45
  Speaker 3: anything else. So whether the extent of which is constitutional,
• 22:48
  Speaker 3: to the extent of which is supplied correctly, I mean,
• 22:52
  Speaker 3: think about all the people who've you know, I don't know,
• 22:55
  Speaker 3: did I make a mistake when I applied from a
• 22:58
  Speaker 3: thing that I put a wrong date down, that I
• 23:00
  Speaker 3: put one of the forms not exactly match what we're
• 23:04
  Speaker 3: supposed to.
• 23:05
  Speaker 2: I don't know, does anybody know? Does anybody remember?
• 23:16
  Speaker 3: And so now it's about yeah.
• 23:20
  Speaker 2: D naturalizing. I didn't even know that thing was around.
• 23:23
  Speaker 3: But why not if if you can get away with
• 23:27
  Speaker 3: everything he's getting away with, why not keep pushing it
• 23:29
  Speaker 3: and pushing and pushing the envelope and see what happens.
• 23:33
  Speaker 3: I mean this, This man is a is a hater.
• 23:36
  Speaker 3: Whether something's constitution or not makes no difference to him.
• 23:41
  Speaker 2: Of course, he's a he.
• 23:43
  Speaker 3: It's not even that I think Trump necessarily cares one
• 23:47
  Speaker 3: way another. He's married to an immigrant. It's that he
• 23:55
  Speaker 3: wants issues that are red meat for his supporters. He
• 24:00
  Speaker 3: wants to throw the red meat. He wants to distract them. See,
• 24:04
  Speaker 3: I'm doing more than I promised.
• 24:05
  Speaker 2: See, I'm not only deporting illegal immigrants, underporting US citizens,
• 24:12
  Speaker 2: underporting everybody doesn't look like you guys, well not exactly.
• 24:16
  Speaker 3: But you know something like that. See, he's giving them
• 24:19
  Speaker 3: red meat, red meat.
• 24:23
  Speaker 2: You know.
• 24:23
  Speaker 3: And the response under the story we're putting this, people
• 24:27
  Speaker 3: are saying, we need to pump those numbers. But this
• 24:30
  Speaker 3: would be a great start, Like one hundred and two
• 24:31
  Speaker 3: hundred is not enough for him. He says one hundred
• 24:35
  Speaker 3: and two hundred per month. That's like just a little
• 24:39
  Speaker 3: bit of a two thousand people per year. I mean,
• 24:42
  Speaker 3: he might as well have said you might as well
• 24:45
  Speaker 3: not have said it. It's not worth anything.
• 24:47
  Speaker 2: Right.
• 24:51
  Speaker 3: Other people are saying, how hard I pronounce the F
• 24:54
  Speaker 3: in F. Yeah, I voted for this, like they're not impressed.
• 25:05
  Speaker 3: Not impressed one hundred or two hundred a month.
• 25:09
  Speaker 2: Try one hundred one thousand, dude, you don't have that
• 25:12
  Speaker 2: many years left in office now.
• 25:22
  Speaker 3: I don't know how many of these commented potatoes actually
• 25:25
  Speaker 3: understand what he's actually proposing. I don't know how many
• 25:28
  Speaker 3: these commentators are just Russian or Chinese or Uranian bots.
• 25:32
  Speaker 3: Who knows. You know, somebody says, wow, three people a day,
• 25:37
  Speaker 3: great job, like.
• 25:39
  Speaker 2: Full of cynicism.
• 25:41
  Speaker 3: So uh yeah, I mean, you know, it's hard for
• 25:47
  Speaker 3: me to tell what's real and what's not real on Twitter.
• 25:53
  Speaker 2: Hard for me to tell, all right, uh the term
• 26:25
  Speaker 2: All right, let's see.
• 26:30
  Speaker 3: So for Today, for Today announced that it is going
• 26:39
  Speaker 3: to take it's unbelievable, a nineteen point five billion dollar
• 26:44
  Speaker 3: charge of on existing electric car projects. This is just
• 26:54
  Speaker 3: four years after Ford announced that was making the largest
• 26:58
  Speaker 3: investment in the company's history, seven billion towards expanding its
• 27:02
  Speaker 3: range of electric vehicles. We're all in in twenty twenty one,
• 27:07
  Speaker 3: Ford president said today they are taking a nineteen point
• 27:13
  Speaker 3: five how do you invest seven billion and taking nineteen
• 27:17
  Speaker 3: point five billion charge from shutting down a program? God,
• 27:24
  Speaker 3: I mean nineteen point five is a massive loss, right,
• 27:29
  Speaker 3: it's F one fifty lightning the all electric version affords
• 27:33
  Speaker 3: F one fifty truck. The best selling truck conique in
• 27:36
  Speaker 3: America is that they've killed it. A new factory in
• 27:41
  Speaker 3: Tennessee that was going to produce electric truck models is
• 27:46
  Speaker 3: shifting to internal combustion engine vehicles. In addition, Ford a
• 27:51
  Speaker 3: GM is announced it's going to take a one point
• 27:54
  Speaker 3: six billion dollar charge.
• 27:55
  Speaker 2: It's a lot less as.
• 27:58
  Speaker 3: It cuts back on its electric vehicle plans, and the
• 28:02
  Speaker 3: European Union is moderately let's not make too much of this,
• 28:06
  Speaker 3: but moderately loosening its rules that would effectively ban combustion
• 28:12
  Speaker 3: and engines by twenty thirty five.
• 28:16
  Speaker 2: So there's generally a.
• 28:18
  Speaker 3: Move away in the West of farm elective vehicles driven
• 28:24
  Speaker 3: really by by by two things, by by two things,
• 28:28
  Speaker 3: and you can decide which one you think is bigger one.
• 28:33
  Speaker 3: It's just lack of demand, particularly in America. I don't
• 28:36
  Speaker 3: think this is true in Europe and in America, Americans
• 28:39
  Speaker 3: don't want electric cars or you know, a significant majority
• 28:44
  Speaker 3: of Americans don't want the hassle of charging the car,
• 28:47
  Speaker 3: and you know, having a range of five hundred miles,
• 28:50
  Speaker 3: particularly if you live in outside the center of the city,
• 28:53
  Speaker 3: it doesn't make any sense. So a lot of Americans
• 28:58
  Speaker 3: just don't want the cause, so demand is weak. At
• 29:02
  Speaker 3: the same time, you know, just a note that Tesla.
• 29:08
  Speaker 3: You know, Tesla had the best selling call in the
• 29:09
  Speaker 3: world in twenty twenty three. It's a one point two
• 29:13
  Speaker 3: million units, and in twenty twenty four was still the
• 29:18
  Speaker 3: fourth best selling car in.
• 29:19
  Speaker 2: The United States. So you know, Tesla is still selling
• 29:25
  Speaker 2: a lot of electric cars and there's a lot of demand.
• 29:28
  Speaker 3: But in the United States demand is slow and US
• 29:34
  Speaker 3: automakers have no competitive advantage when it comes to electric
• 29:38
  Speaker 3: cause indeed, they're very expensive for the Americans to make
• 29:41
  Speaker 3: and they don't make money on them.
• 29:43
  Speaker 2: They just don't make money on.
• 29:45
  Speaker 3: The governments stops subsidizing them. So the subsidies that were
• 29:50
  Speaker 3: passed in the Obama era have been phased are phased out.
• 29:54
  Speaker 3: They're gone, and.
• 29:56
  Speaker 2: They're also you know, the US is just they used
• 30:00
  Speaker 2: to be.
• 30:02
  Speaker 3: I think the bidendministration allowed California to impose an electric
• 30:06
  Speaker 3: vehicle mandate, and basically the GOP is reversed that, so
• 30:12
  Speaker 3: California is not allowed to unilaterally imposed a electric vehicle mandate.
• 30:17
  Speaker 3: So that's one reason that there's just not demand.
• 30:21
  Speaker 2: It's hard to make money.
• 30:22
  Speaker 3: That subsidy has gone, so there's no money in it
• 30:26
  Speaker 3: in that sense for the automakers, and that's.
• 30:28
  Speaker 2: Why they were drawing from it. But I think just
• 30:31
  Speaker 2: as big as maybe bigger, is the fact that.
• 30:38
  Speaker 3: China dominates this market. I mean, it really isn't even close.
• 30:43
  Speaker 3: The Chinese make most of the electric cause in the world,
• 30:47
  Speaker 3: I think it's seventy percent because of high quality, the
• 30:52
  Speaker 3: batteries are better. They make almost all the batteries. So
• 30:55
  Speaker 3: to the extent that you want to build a car
• 30:57
  Speaker 3: in the United States, shift buy batteries from China with
• 31:00
  Speaker 3: tariffs and everything else involved, and you can't compete. I mean,
• 31:05
  Speaker 3: vote can build an electric car, can't compete with the
• 31:08
  Speaker 3: Chinese electric cause. Now the United States has imposed one
• 31:11
  Speaker 3: hundred percent tariff on Chinese electric cars, so you can't
• 31:16
  Speaker 3: import them. I mean you can if you want to
• 31:18
  Speaker 3: pay one hundred percent of tariff. But one of the
• 31:22
  Speaker 3: reasons the Europeans are panicking is because Chinese electric carts
• 31:26
  Speaker 3: are selling in Europe, you know, and they just they
• 31:32
  Speaker 3: can't compete. The European carmakers cannot compete. They can't compete
• 31:36
  Speaker 3: in price, and they can't compete in quality. The Chinese
• 31:39
  Speaker 3: cause are good. In the rest of the world. Chinese
• 31:46
  Speaker 3: electric cars are dominating. Indeed, in much of the world.
• 31:51
  Speaker 3: They are now in a lot of kin of high
• 31:55
  Speaker 3: growth countries that are you know, developing countries.
• 32:00
  Speaker 2: Electric cause are.
• 32:02
  Speaker 3: The majority of cars being sold, and a majority of
• 32:05
  Speaker 3: the electric cars by far.
• 32:07
  Speaker 2: A Chinese cause. When I was in Israel this last time,
• 32:10
  Speaker 2: I rented a car and they gave me a Chinese
• 32:13
  Speaker 2: hybrid suv. It was great. It was a really good car.
• 32:18
  Speaker 3: It was as good a cause as a regular non
• 32:21
  Speaker 3: hybrid suv that they could get from Japan. From all
• 32:25
  Speaker 3: the US they make good cause. So the reality is
• 32:32
  Speaker 3: that American and European companies are not competitive, and Americans
• 32:37
  Speaker 3: put up one hundred percent tariff to stop importation and
• 32:42
  Speaker 3: you know, so there's less pressure for the Americans to
• 32:45
  Speaker 3: invest in electric cause, which means that fault even further
• 32:49
  Speaker 3: behind the Chinese competitors.
• 32:52
  Speaker 2: And if in the future.
• 32:54
  Speaker 3: A big if, but if electric cars become a dominant technology,
• 33:01
  Speaker 3: the US won't be able to compete.
• 33:02
  Speaker 2: I mean, four GM will just go bust because they
• 33:04
  Speaker 2: can't compete with the Chinese.
• 33:08
  Speaker 3: And Europe who allows Chinese electric cars in will at
• 33:13
  Speaker 3: least face competition and the auto companies will have to
• 33:16
  Speaker 3: get better at it and they'll have to make more investments.
• 33:18
  Speaker 3: So it depends on whether you believe that electric cars
• 33:23
  Speaker 3: will become market dominant. And part of that question, and
• 33:29
  Speaker 3: this is maybe a third issue which maybe is more
• 33:33
  Speaker 3: important than.
• 33:33
  Speaker 2: The others, and that is.
• 33:36
  Speaker 3: To electrify all cars, you need a grid. You need
• 33:42
  Speaker 3: to be able to produce huge quantities of electricity. You
• 33:45
  Speaker 3: need to be able to replace all the energy produced
• 33:49
  Speaker 3: by fossil fuels and cars with electricity. Means a lot
• 33:55
  Speaker 3: new power plants, a lot more capacity on our grid,
• 34:00
  Speaker 3: which we just don't have, and demand for power is
• 34:04
  Speaker 3: being focused on AI. You know, then you have to
• 34:08
  Speaker 3: build a whole more infrastructure for these for these automobiles. So,
• 34:13
  Speaker 3: you know, Europe has really really expensive electricity prices and
• 34:18
  Speaker 3: they're shifting everything to electric cause.
• 34:20
  Speaker 2: Which makes no sense. It'll make it'll make it very
• 34:24
  Speaker 2: expensive for people to charge their cause. Uh. And where
• 34:27
  Speaker 2: they're going to get the power from.
• 34:29
  Speaker 3: Now, if your fans you'll find because you have all
• 34:31
  Speaker 3: these nuclear power plants.
• 34:33
  Speaker 2: But in the uh, you know, in the rest of Europe,
• 34:40
  Speaker 2: what are you going to do? What is Germany going
• 34:43
  Speaker 2: to do?
• 34:46
  Speaker 3: All right, now, let's not celebrate too quickly the death
• 34:49
  Speaker 3: of electric cars in America. There's still electric cars being
• 34:53
  Speaker 3: produced in America. Hyundai producers an electric car in the US.
• 34:57
  Speaker 3: So does Kia.
• 34:59
  Speaker 2: Uh.
• 35:00
  Speaker 3: Ford is not killing its entire electric car divisions. Uh,
• 35:04
  Speaker 3: it is is still going to be producing electric cars.
• 35:08
  Speaker 3: It's just on a different platform at a slower pace.
• 35:13
  Speaker 2: Uh. You know.
• 35:14
  Speaker 3: Uh for they're backing. They're now they just announced and
• 35:21
  Speaker 3: you a five billion dollar investment in a new what
• 35:24
  Speaker 3: they call universal ev platform.
• 35:26
  Speaker 2: Uh they are.
• 35:28
  Speaker 3: You know, Folly is still talking about this being a
• 35:31
  Speaker 3: model T moment for Ford in terms of creating a
• 35:34
  Speaker 3: mid U a a small to mid size car that
• 35:38
  Speaker 3: is electric that is cheap.
• 35:41
  Speaker 2: Uh.
• 35:41
  Speaker 3: So they're still trying to stay competitive. But but yeah,
• 35:46
  Speaker 3: I mean following himself, following himself. You know, he bought
• 35:52
  Speaker 3: a Chinese, a Chinese electric car like show me su seven.
• 35:58
  Speaker 2: I think it's an SUV show me s U seven.
• 36:01
  Speaker 2: And he he had it shipped from Shanghai to Chicago.
• 36:06
  Speaker 2: And this is the CEO of Ford Motor Company. And
• 36:09
  Speaker 2: he drove it around for six months.
• 36:12
  Speaker 3: And his conclusion was he didn't want to give the
• 36:17
  Speaker 3: call back. It was such a pleasure to drive. He
• 36:21
  Speaker 3: did not want to give the call back.
• 36:23
  Speaker 2: So these are a good cause.
• 36:27
  Speaker 3: And you know, in many respects.
• 36:29
  Speaker 2: Electric cause might be the future. I don't know, but
• 36:32
  Speaker 2: it might be.
• 36:33
  Speaker 3: Right, it's easy to integrate with tech all the self
• 36:38
  Speaker 3: driving cause like like the.
• 36:40
  Speaker 2: Way Mos and the and all the others are all electric.
• 36:43
  Speaker 2: Cause you know, soon not only the Tesla will be
• 36:49
  Speaker 2: self driving, but the Tesla you buy will be self driving.
• 36:53
  Speaker 2: It'll drive you wherever you want it and at night
• 36:57
  Speaker 2: when you go to sleep, you can actually you will
• 36:59
  Speaker 2: be able to program to then go and participate in
• 37:03
  Speaker 2: the pool of self driving taxis and you can make
• 37:05
  Speaker 2: a little bit of money on the side. So uh,
• 37:12
  Speaker 2: you know, it could very well be that electric caused
• 37:14
  Speaker 2: all the future doesn't mean goums to subsidize them. They shouldn't.
• 37:21
  Speaker 2: But it also means that American.
• 37:23
  Speaker 3: Car companies, if they want to survive into the future,
• 37:29
  Speaker 3: you know, should should think about how they're going to
• 37:32
  Speaker 3: compete with these Chinese cause and maybe the conclusion is
• 37:35
  Speaker 3: they can't. And maybe the conclusion is we're all going
• 37:39
  Speaker 3: to be driving Chinese electric cars in the future.
• 37:44
  Speaker 2: Right now, why would you buy an electric car?
• 37:46
  Speaker 3: Buy an electric car because technology is better integrated, It
• 37:53
  Speaker 3: accelerates faster, uh, and it'll be self driving in a
• 37:59
  Speaker 3: way that a tonal combustion engine will will will not
• 38:02
  Speaker 3: be quite as good at because of the better integration
• 38:05
  Speaker 3: of the electronics.
• 38:07
  Speaker 2: That's my understanding. But yeah, lower the tariffs, lower the barriers,
• 38:16
  Speaker 2: eliminate the subsidies, get rid of all of that, and
• 38:20
  Speaker 2: bring on competition.
• 38:22
  Speaker 3: Let's see who wins. You know, at this point, I
• 38:24
  Speaker 3: don't know. I don't know who wins in America in
• 38:28
  Speaker 3: tonal combustion, probably for the.
• 38:30
  Speaker 2: Foreseeable future, but ultimately who knows.
• 38:37
  Speaker 3: Maybe maybe they'll have nucleop plants inside. Maybe maybe maybe
• 38:42
  Speaker 3: to be something else. I don't know, But let's have competition,
• 38:45
  Speaker 3: real competition.
• 38:48
  Speaker 2: It is.
• 38:49
  Speaker 3: It is interesting though that you're really seeing in the
• 38:53
  Speaker 3: world right now a really a a move away from
• 39:02
  Speaker 3: from climate change hysteria, from climate change ysteria.
• 39:07
  Speaker 2: So you know that I think is uh that I
• 39:11
  Speaker 2: think is good.
• 39:12
  Speaker 3: There really seems to be that a lot of kind
• 39:15
  Speaker 3: of the arguments about about this about electric cause or
• 39:20
  Speaker 3: based on climate change, you really not seeing much of that.
• 39:25
  Speaker 3: That is really not what's driving the agenda right now.
• 39:29
  Speaker 3: And in that sense that's good and that you have
• 39:32
  Speaker 3: to say.
• 39:33
  Speaker 2: A lot of that a lot of that has to
• 39:37
  Speaker 2: do with with the work Alex did.
• 39:41
  Speaker 3: By the way, let me just mention this because this
• 39:43
  Speaker 3: is this is in the news and it's important and
• 39:45
  Speaker 3: I don't know what the result is yet. Yeah, well
• 39:49
  Speaker 3: I do know what the result is. And anyway, there
• 39:57
  Speaker 3: was a proposal today to an amendment for a bill
• 40:02
  Speaker 3: that was would have it was called the Speed Amendment,
• 40:07
  Speaker 3: but the amendment thirty five to speed to ensure that
• 40:11
  Speaker 3: only truly affected people, not anti developer activists, can sue
• 40:16
  Speaker 3: under the you know, the Environmental Protection Act to stop projects.
• 40:22
  Speaker 3: I mean, this had been huge because most of the
• 40:26
  Speaker 3: projects are being sued and slowed and stopped not by
• 40:31
  Speaker 3: affected people, not by people who might have something to lose,
• 40:34
  Speaker 3: but but just by environmental random environmentalist groups.
• 40:37
  Speaker 2: This is an amendment.
• 40:38
  Speaker 3: I think Alex really lobbied hard for educated people hard
• 40:42
  Speaker 3: about and try to pass it did not pass, you know, hopefully,
• 40:48
  Speaker 3: hopefully it'll pass in the future. But this the speed,
• 40:52
  Speaker 3: the speed the speed A bill is is huge, huge,
• 41:01
  Speaker 3: and from what I understand is it's something that Alex's
• 41:09
  Speaker 3: is again very much promoting under the ban of let's build,
• 41:14
  Speaker 3: let's let amerke a build again, you know, and he's
• 41:18
  Speaker 3: encouraging tell your presentaive to vote yes on the Speed
• 41:22
  Speaker 3: Act and Amendment thirty four, thirty five, and thirty six.
• 41:27
  Speaker 3: The amendment thirty four didn't pass, but you know, I think,
• 41:31
  Speaker 3: I think what he really wants is for the Speed
• 41:33
  Speaker 3: Act to pass, which would make it a lot easier,
• 41:37
  Speaker 3: a lot easier to build projects in the US.
• 41:39
  Speaker 2: It would be a lot is easier.
• 41:41
  Speaker 3: To build rail lines, pipelines, infrastructure, infrastructure in the US.
• 41:46
  Speaker 2: So let's hope this is a bill that actually passes.
• 41:50
  Speaker 3: You can find you can find Alex's article on how
• 41:55
  Speaker 3: this speed Bill, which is basically permitting reform.
• 41:58
  Speaker 2: It's a major reform around permitting.
• 42:01
  Speaker 3: You can find alex is writing on that he's a
• 42:03
  Speaker 3: sponsors for the show on alex Epstein subset dot com,
• 42:08
  Speaker 3: follow apps Alex and and yeah.
• 42:11
  Speaker 2: Call call your representatives when he asks you to.
• 42:14
  Speaker 3: That's good, all right, what do we want to do? Venezuela? Okay,
• 42:20
  Speaker 3: So Venezuela. Trump is umping the upping the pressure this time,
• 42:28
  Speaker 3: kind of trying to create some kind of oil and
• 42:31
  Speaker 3: balgo or at least a partial, a partial blockade of
• 42:36
  Speaker 3: Venezuela oil export, basically saying that any oil being used
• 42:42
  Speaker 3: on some of these sanctioned ships will be stopped by
• 42:46
  Speaker 3: the Americans and confiscated, which basically is forcing these ships
• 42:52
  Speaker 3: to stay in Venezuela harbor or not to come at all.
• 42:54
  Speaker 3: They're staying away from Venezuela because they're afraid that the
• 42:57
  Speaker 3: US will just confiscate them. And so that is that's
• 43:03
  Speaker 3: the latest, a partial blockade of Anezuelan oil. The rationale
• 43:07
  Speaker 3: for this is kind of interesting, right, So until now
• 43:10
  Speaker 3: everything's really been about fentonol and drugs and drug trafficking
• 43:15
  Speaker 3: and maduros and drug traffick and everything, and now the
• 43:18
  Speaker 3: rationale is shifted to a rationale that you know, these
• 43:23
  Speaker 3: guys I think got from objectivism, they think they got
• 43:27
  Speaker 3: it from US.
• 43:29
  Speaker 2: You know, for.
• 43:31
  Speaker 3: Years, I think Lena Peacoff was the first one to
• 43:33
  Speaker 3: really talk about this. Although Ironman might have talked about it,
• 43:36
  Speaker 3: I can't remember, but Lena certainly did. And that is
• 43:39
  Speaker 3: they talked about the fact that the United States did
• 43:42
  Speaker 3: nothing when Arab countries Iran is not Arab, but Muslim countries.
• 43:49
  Speaker 3: Iran said, Arabia and other countries nationalized the oil that
• 43:54
  Speaker 3: had been developed, found, developed, exploited by American and European
• 43:59
  Speaker 3: all companies, and that America has shown weakness, particularly under
• 44:03
  Speaker 3: the Eisenhower administration, by allowing them to just take it,
• 44:07
  Speaker 3: nationalize it and and and you know, violate the property
• 44:14
  Speaker 3: rights on scale of American producers, and that America should
• 44:21
  Speaker 3: have protected their property rights and made sure that these
• 44:24
  Speaker 3: countries could not do that, even if it meant military conflict.
• 44:31
  Speaker 3: I mean, Lenda had spoken about this many times. I've
• 44:34
  Speaker 3: spoken about it a few times in the early two thousands. Anyway,
• 44:38
  Speaker 3: Trump was using that rationalization or justification for this partiable locate.
• 44:45
  Speaker 3: He is now demanding there a turn of exporporated US
• 44:49
  Speaker 3: oil assets returned to the United States, right and until
• 44:57
  Speaker 3: he does, he is he is going to keep this
• 45:01
  Speaker 3: partial blockade on. And he went to the thing about
• 45:06
  Speaker 3: nationalization taking from American companies and on. There's an American company, Chevron,
• 45:11
  Speaker 3: that still works in Venezuela. And probably the only reason
• 45:15
  Speaker 3: Venezuela has an oil industry, any kind of exports, any
• 45:19
  Speaker 3: kind of exploitation of its olders, is because of Chevron.
• 45:24
  Speaker 2: They don't have the technology themselves to do it.
• 45:27
  Speaker 3: So yeah, I mean, but yes, I think on the
• 45:33
  Speaker 3: Chavez a significant amount of US assets were stolen by
• 45:39
  Speaker 3: the Venezuelan regime. So Trump is using that excuse right now.
• 45:43
  Speaker 3: Just a few days ago, he was saying that his
• 45:46
  Speaker 3: goal was to stop Gang Madua from sending gang members
• 45:49
  Speaker 3: to the US and holding drug traffickers. Now it's about
• 45:53
  Speaker 3: returning our oil assets. You know, it's a moving target.
• 45:59
  Speaker 3: His reason is a moving target. Even when he does
• 46:02
  Speaker 3: something reasonably good, it's hard to tell why he's doing
• 46:05
  Speaker 3: what he's doing. A lot of confusion around this. Does
• 46:10
  Speaker 3: he really want to top on Maduro? Trump won't say
• 46:12
  Speaker 3: he wants to top on Maduo. He won't actually say that,
• 46:15
  Speaker 3: or doesn't he will He use military action to do
• 46:18
  Speaker 3: it or won't he He's a little worried about Maga.
• 46:21
  Speaker 3: Mega doesn't want a war. He promised them no wars.
• 46:26
  Speaker 2: Now. I don't think it would be a very long war.
• 46:28
  Speaker 2: I think he could topple the Maduro regime very quickly
• 46:30
  Speaker 2: and very effectively without risking a lot of American lives.
• 46:35
  Speaker 2: But I'm not sure Mago would view it that way.
• 46:37
  Speaker 2: I don't know. He did bomb you on.
• 46:40
  Speaker 3: And Mega ultimately opposed that, and I ultimately Maga fell
• 46:43
  Speaker 3: into fall into line. He'd probably take out Maduro and
• 46:46
  Speaker 3: Mego would fall into line. But there is quite a
• 46:49
  Speaker 3: bit of opposition online to what he's doing with Venezuela
• 46:53
  Speaker 3: in terms of not in terms of killing the drug guys,
• 46:56
  Speaker 3: but in terms of is he going to go to
• 46:59
  Speaker 3: war or not? Is he is to being taken over
• 47:01
  Speaker 3: by Neo kon by by the neocons, particularly Marco Rubio,
• 47:07
  Speaker 3: secretary the.
• 47:14
  Speaker 2: So we will see Venezuela.
• 47:18
  Speaker 3: Is still hard to tell what exactly Trump wants to
• 47:21
  Speaker 3: do there. In the meantime, we've got a massive build
• 47:24
  Speaker 3: up of UFS troops, planes, ships in the South Caribbean
• 47:29
  Speaker 3: here and Puerto Rico, a massive quantity of of again,
• 47:35
  Speaker 3: all kinds of airplanes including uh, surveillance airplanes, refueling airplanes,
• 47:41
  Speaker 3: and you know if combat airplanes. And of course you've
• 47:45
  Speaker 3: got the the largest Jewish aircraft carrier in the world,
• 47:50
  Speaker 3: the Ford, the USS Ford in the Southern Caribbean.
• 47:53
  Speaker 2: So if he wants to take.
• 47:55
  Speaker 3: Out Maduro, he's he's got the the assets, the military
• 47:59
  Speaker 3: assets to be able.
• 48:00
  Speaker 2: To achieve that.
• 48:04
  Speaker 3: You might have heard that a nuclear physicist, an expert
• 48:10
  Speaker 3: on nuclear fusion and on plasma, was murdered the other
• 48:19
  Speaker 3: night at his home in Brookline, Massachusetts. His name was
• 48:23
  Speaker 3: Nunu Loiel Loio. He was originally from Portugal. Another one
• 48:30
  Speaker 3: an immigrant, Oh god, but anyway, he was murdered. He
• 48:34
  Speaker 3: is a very senior nuclear scientist at MIT, a well
• 48:38
  Speaker 3: known very very well known within the world.
• 48:41
  Speaker 2: Of nuclear science.
• 48:43
  Speaker 3: And he is highly respected and you know, seemed like
• 48:49
  Speaker 3: seemed like a good guy. And he was basically found
• 48:52
  Speaker 3: wounded in his home, taken to a nearby hospital and
• 48:55
  Speaker 3: died within a few hours. They've ruled in a homicide,
• 49:01
  Speaker 3: but no motive has been released and as far as
• 49:03
  Speaker 3: we know, there are no suspect. There's also no evidence
• 49:07
  Speaker 3: of breaking into the house, so you know, nobody knows
• 49:11
  Speaker 3: exactly what's going on. This happened about a day after Brown,
• 49:15
  Speaker 3: the shooting at Brown. Of course, the shooting at Brown.
• 49:17
  Speaker 3: There's yet no suspects, They have no leads as far
• 49:21
  Speaker 3: as we can tell, nobody under you know, they haven't
• 49:24
  Speaker 3: arrested anybody. And there was even a time where people
• 49:29
  Speaker 3: thought maybe maybe it was the same person, maybe Brown
• 49:34
  Speaker 3: and Boston not that far away, and maybe the same
• 49:37
  Speaker 3: person who didn't done the shooting in Brown then killed
• 49:42
  Speaker 3: killed this scientist in Brookline. So this is truly horrific,
• 49:48
  Speaker 3: really really horrible. Well, one line of inquiry, at least
• 49:53
  Speaker 3: one line of inquiry in Israel by Israelian intelligence, and
• 49:57
  Speaker 3: this is being reported extensively in his Alien newspapers, is
• 50:02
  Speaker 3: the possibility that the scientist was killed was murdered by
• 50:08
  Speaker 3: Iranian intelligence, by a hit by the Iranians, in a
• 50:14
  Speaker 3: sense retribution. If you will you kill our nuclear scientists,
• 50:19
  Speaker 3: will kill your nuclear scientist.
• 50:22
  Speaker 2: Now, there's no evidence.
• 50:24
  Speaker 3: That lo Rieiro was Jewish, although he was clearly pro Israel,
• 50:30
  Speaker 3: and it stated explicitly that you know, advocated explicity for Israel,
• 50:37
  Speaker 3: maybe involved in some extent with the Israelian nuclear program.
• 50:41
  Speaker 2: Not clear.
• 50:42
  Speaker 3: Nobody knows, but it is interesting that Israelian intelligence is
• 50:46
  Speaker 3: looking into the possibility that the Iranians are behind this.
• 50:53
  Speaker 3: The US is not commenting so, and the people investigating
• 50:57
  Speaker 3: the murder are not commenting on that line of investigation, but.
• 51:04
  Speaker 2: Israel is checking it out. They are worried that.
• 51:08
  Speaker 3: The Uranians are going to since they can't hoot Israel directly,
• 51:13
  Speaker 3: they will try to hoot Israel indirectly, and maybe killing
• 51:17
  Speaker 3: a nuclear physicist is symbolic in some way, and particularly
• 51:21
  Speaker 3: if he has some connection to Israel.
• 51:23
  Speaker 2: So really horrible news, really horrible.
• 51:27
  Speaker 3: If this is the Iranians and this is now a
• 51:29
  Speaker 3: campaign of Theirs, we will see.
• 51:33
  Speaker 2: This is still at the level of speculation, still at
• 51:36
  Speaker 2: the lever of speculation.
• 51:38
  Speaker 3: What's not the level of speculation is u Wan's quite
• 51:42
  Speaker 3: successful ongoing attacks on Israel. From a cyber security perspective.
• 51:49
  Speaker 2: The latest attack was a ssecurity attack on Neftali Bennett's
• 51:55
  Speaker 2: telegraph account. I don't know you could hack a telegram account.
• 51:59
  Speaker 3: I thought the Christian was so strong that you couldn't
• 52:01
  Speaker 3: tack it, But it sounds like the Ranians hacked his
• 52:05
  Speaker 3: telegram account. It also sounds like the Uranians have also
• 52:11
  Speaker 3: managed to hack a number of Israeli targets, including twelve
• 52:19
  Speaker 3: years of interld in Israeli Justice Department, ministry documents, including
• 52:23
  Speaker 3: emails and all kinds of sensitive information hacked. They've released
• 52:29
  Speaker 3: hundreds of hospital records, including those of Israeli soldiers that
• 52:34
  Speaker 3: included data on things like blood type and things like that,
• 52:38
  Speaker 3: personal details of American Israeli security officials, including Israeli generals.
• 52:44
  Speaker 3: So Iran is aggressively hacking, aggressively hacking Israel.
• 52:49
  Speaker 2: Israel is the leader in the world in cybersecurity. So
• 52:53
  Speaker 2: it just tells you.
• 52:54
  Speaker 3: It just shows you that this concert war between the
• 52:56
  Speaker 3: hackers and the cybersecurity people.
• 52:58
  Speaker 2: The hackers seem to be that seem to be on.
• 53:04
  Speaker 3: Of gain ground, and it's an ongoing I guess it's
• 53:07
  Speaker 3: ongoing permanent battle.
• 53:11
  Speaker 2: All right.
• 53:12
  Speaker 3: Australia is now kind of the Prime Minister of Australia's
• 53:15
  Speaker 3: responded to the Bondi Beach terrorist attack and and basically
• 53:20
  Speaker 3: his responses being two things.
• 53:22
  Speaker 2: One strict gun laws, strict the gun laws, and two.
• 53:29
  Speaker 3: Stricter hate crime laws, not anything specifically against Islamists.
• 53:39
  Speaker 2: Uh jihadis, Muslim brotherhood.
• 53:43
  Speaker 3: No, because that would pinpoint a particular type of of
• 53:47
  Speaker 3: of hate crime.
• 53:48
  Speaker 2: We can't do that.
• 53:49
  Speaker 3: No, it's generally, you know, any any advocation or threatening
• 53:54
  Speaker 3: violence against people based on characteristics, including race, sex, and religion.
• 53:58
  Speaker 3: Uh and and and just heightening that up and making
• 54:01
  Speaker 3: it worse, anything including for example, threatening to damage a
• 54:06
  Speaker 3: place of worship is going to count. So they can
• 54:09
  Speaker 3: name is Islam. They can name is Islam. So they're
• 54:14
  Speaker 3: trying on the edges. And of course hv slaws are terrible.
• 54:18
  Speaker 3: They're way too ambiguous, they're way too broad. But uh,
• 54:26
  Speaker 3: you know, when when it was asked about, uh, what
• 54:30
  Speaker 3: what kind of things would capture?
• 54:35
  Speaker 2: You know, they they they they they don't really know.
• 54:37
  Speaker 3: Right if people use language that clearly dehumanizes unacceptably having no,
• 54:46
  Speaker 3: they have no place in Australia. But if they haven't
• 54:48
  Speaker 3: quite crossed the threshold of violence. So the new litization
• 54:55
  Speaker 3: is going to lower the threshold a little bit. But again,
• 54:58
  Speaker 3: this is what happens when you know, don't name the enemy,
• 55:02
  Speaker 3: you don't name the threat, you don't name who's exactly
• 55:06
  Speaker 3: doing what they're doing. It's Islam, it's not I mean,
• 55:10
  Speaker 3: there might be nasty Jews who say horrible racist, anti Australian,
• 55:18
  Speaker 3: anti Muslim, anti whatever stuff. But there's no sense in
• 55:23
  Speaker 3: which Jews are mowing down Muslims. They could be Christian
• 55:27
  Speaker 3: groups that it just hate filled groups that's say horrible,
• 55:30
  Speaker 3: horrible things about people, atheists.
• 55:33
  Speaker 2: I don't know, but.
• 55:34
  Speaker 3: There's no evidence to suggest that they're going around shooting anybody,
• 55:39
  Speaker 3: whereas Muslim groups, let's say hateful things. There is plenty
• 55:45
  Speaker 3: of evidence that people affiliate with those groups go about
• 55:51
  Speaker 3: shooting people, burning down the synagogues, committing property crimes.
• 55:57
  Speaker 2: Beating people up. Yeah, maybe they should be treated differently.
• 56:07
  Speaker 3: It turns out, for example, that you know, it turns
• 56:10
  Speaker 3: out that these again these at least one of the
• 56:13
  Speaker 3: cherifs was well known to Australian security and that he
• 56:18
  Speaker 3: not only participated in various demonstrations and was affiliated they
• 56:22
  Speaker 3: knew with ISIS. I mean, just an affiliation with ISIS
• 56:26
  Speaker 3: would be reason to at the very least monitor and
• 56:30
  Speaker 3: potentially put in jail. But he also participated in the
• 56:36
  Speaker 3: big demonstration outside the Sydney Opera House on October eighth.
• 56:41
  Speaker 3: So this is way before Israel did anything anything to
• 56:45
  Speaker 3: justify the calls of genocide.
• 56:53
  Speaker 2: And so and and they were if you remember, they.
• 56:58
  Speaker 3: Were talking about gas the Jews.
• 57:02
  Speaker 2: They were yelling, gas the Jews. Send the Jews to
• 57:05
  Speaker 2: gas chambers. Not Israel. Not israelis gas the Jews.
• 57:13
  Speaker 3: So those of you think this was about this was
• 57:18
  Speaker 3: about those people who think this was about Israel, this
• 57:20
  Speaker 3: terrorist attack.
• 57:22
  Speaker 2: No, no, it's much deeper than that. It's about Western civilization.
• 57:27
  Speaker 2: It's about the Jews.
• 57:28
  Speaker 3: Being the coal the Canarian the coal mine for Western civilization.
• 57:33
  Speaker 3: All right, Finally, on Tuesday, it's two days ago, one
• 57:39
  Speaker 3: of those prominents, I think intellectual forces on the American
• 57:44
  Speaker 3: rights died died in America at the age of ninety five,
• 57:51
  Speaker 3: just a month before his ninety sixth birthday. That is,
• 57:56
  Speaker 3: most of you probably have never heard this name, but
• 57:58
  Speaker 3: it's Norman put A Hover. None but Hoitz was one
• 58:02
  Speaker 3: of the founders of the New Conservative movement. To the
• 58:06
  Speaker 3: extent that it was of a movement, he was definitely
• 58:09
  Speaker 3: one of the people who founded it. He was the
• 58:12
  Speaker 3: founder of commentary magazine that, for a long period of
• 58:16
  Speaker 3: time was one of the leading intellectual magazines in the
• 58:19
  Speaker 3: United States and the premier voice for intellectuals. He founded
• 58:25
  Speaker 3: the new conservative movement with Irvin Crystal, who was.
• 58:31
  Speaker 2: A little older than he was. I mean, this guy
• 58:37
  Speaker 2: was active. You know.
• 58:40
  Speaker 3: The story is that even as he was ninety five,
• 58:47
  Speaker 3: the book he was reading was a new translation I
• 58:49
  Speaker 3: think of the of the Iliad of the Odyssey I
• 58:52
  Speaker 3: don't have in fun of me, and he was comparing
• 58:54
  Speaker 3: it to an older translation and seeing the differences in translation.
• 59:00
  Speaker 3: So this guy was a real literary scholar, very well read,
• 59:06
  Speaker 3: very well educated, very smart, a really good writer. I
• 59:11
  Speaker 3: disagreed with much of what he wrote, although you know,
• 59:15
  Speaker 3: the also things that I agreed with and uh uh
• 59:20
  Speaker 3: and and thought he was right on. He he definitely
• 59:25
  Speaker 3: shaped much of the intellectual landscape, helped shape.
• 59:31
  Speaker 2: The intellectual escape on the right. Uh.
• 59:33
  Speaker 3: He was an avid anti communist and was part of
• 59:37
  Speaker 3: I mean, he had started out as a leftist, not
• 59:39
  Speaker 3: quite like Oven Crystal, who started out as a Trotsky
• 59:43
  Speaker 3: a communist.
• 59:44
  Speaker 2: But Ohwitz was never a communist as far as I
• 59:46
  Speaker 2: can tell.
• 59:47
  Speaker 3: But he started as a left and like over in Crystal,
• 59:50
  Speaker 3: was mugged by reality and and became a conservative, and
• 59:54
  Speaker 3: thus the coining of the term neo conservative.
• 59:58
  Speaker 2: Uh.
• 59:59
  Speaker 3: You know, to that, he I think originally coined as
• 1:00:01
  Speaker 3: a in in derision, not as a positive, but but ultimately,
• 1:00:07
  Speaker 3: you know, the movement kind of embraced it. He grew
• 1:00:11
  Speaker 3: up in Brooklyn, and in in Brooklyn, New York, lived
• 1:00:19
  Speaker 3: in Manhattan pretty much most almost all of his life,
• 1:00:23
  Speaker 3: and you know, was writing into his nineties. So while
• 1:00:29
  Speaker 3: I disagreed with him, while he had opinions that I
• 1:00:33
  Speaker 3: you know, we disagreed on on many, many many things, uh,
• 1:00:39
  Speaker 3: you know, in terms of some his found policy views,
• 1:00:43
  Speaker 3: I agreed with. Some of his domestic views I agreed with.
• 1:00:47
  Speaker 3: But generally he was an intellect. He was a real intellectual.
• 1:00:50
  Speaker 3: I enjoyed reading his stuff. It was it was always
• 1:00:53
  Speaker 3: well argued, the writing style was always good. He was
• 1:00:57
  Speaker 3: incredibly influential. And yeah, it's sad to see people like
• 1:01:02
  Speaker 3: this pass away. You know, he belongs to a different
• 1:01:05
  Speaker 3: kind of generation. His son, his son is now I
• 1:01:10
  Speaker 3: think still the editor of Commentary Magazine.
• 1:01:13
  Speaker 2: Commentary Magazine is still being published.
• 1:01:16
  Speaker 3: It's lost a lot of its influence with the dramatic
• 1:01:19
  Speaker 3: decline in the New Conservatives influence and the fact that
• 1:01:23
  Speaker 3: they no longer have much influence on the right. They
• 1:01:29
  Speaker 3: are very much on the way out. That you know,
• 1:01:33
  Speaker 3: it's become neo conservative, has become a real derogatory term.
• 1:01:38
  Speaker 3: The new right hates they guts, Maga hates they guts.
• 1:01:42
  Speaker 2: Nobody wants to have anything to do with the neo cons.
• 1:01:45
  Speaker 3: So Commentary magazine has faded and is not that relevant anymore.
• 1:01:52
  Speaker 3: It used to be, certainly during the Bush administration used
• 1:01:55
  Speaker 3: to be the thing everybody read. But even in the
• 1:01:57
  Speaker 3: seventies and eighties, sixties and eighties it was. It was very,
• 1:02:03
  Speaker 3: very extensively read, and a lot of Democrats, kind of.
• 1:02:08
  Speaker 2: Democrats kept goal of the offer state, Democrats who were
• 1:02:13
  Speaker 2: national security democrats, Democrats who had a strong positionist security,
• 1:02:17
  Speaker 2: all wrote for for a commentary magazine. I used to
• 1:02:22
  Speaker 2: be a subscriber. I used to read it a lot.
• 1:02:25
  Speaker 2: Havn't I still subscribe.
• 1:02:27
  Speaker 3: I think electronically get the email on a regular basis.
• 1:02:30
  Speaker 3: But it's just not it doesn't represent kind of where
• 1:02:33
  Speaker 3: the world is heading. The views represented it stated, they
• 1:02:37
  Speaker 3: don't are not that representative.
• 1:02:40
  Speaker 2: But Hosts was Jewish.
• 1:02:43
  Speaker 3: The magazine, many of the writers, and the neocon movement
• 1:02:45
  Speaker 3: in general was associated with American Jews. That now is
• 1:02:52
  Speaker 3: one of the black marks on them right with the rise.
• 1:02:54
  Speaker 2: Of anti Semitism.
• 1:02:56
  Speaker 3: Uh so, yep, he passed way on Tuesday. Now, my friends,
• 1:03:02
  Speaker 3: is the news this Thursday, December eighteenth.
• 1:03:09
  Speaker 2: Thank you for being here. Let's turn to the super Chat.
• 1:03:15
  Speaker 3: I will remind you that this is a great way
• 1:03:18
  Speaker 3: to support the show and to ask your questions and
• 1:03:22
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• 1:03:27
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  Speaker 2: But I can't. Somebody's taking over sending me the emails
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  Speaker 2: Maybe that's Tara Smith. I'm not sure. Is that terror? Yeah,
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  Speaker 2: a Morality of Capitalism Part one. I think that's me
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  Speaker 2: Check out the website.
• 1:07:10
  Speaker 3: Incredibly valuable program that really in depth, in depth defense
• 1:07:17
  Speaker 3: of capitalism from every perspective, economic, political, social, and of
• 1:07:22
  Speaker 3: course philosophical. So check out Defenders Off Capitalism dot com.
• 1:07:27
  Speaker 3: I've been involved in a program for a couple of decades.
• 1:07:30
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  Speaker 3: dot com check out your own book show and become
• 1:07:39
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• 1:07:41
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  Speaker 2: I don't have to worry about I know exactly what's
• 1:07:48
  Speaker 2: coming every month.
• 1:07:49
  Speaker 3: You know, sit chat is it's always in suspense, It's
• 1:07:52
  Speaker 3: always suspenseful.
• 1:07:54
  Speaker 2: How much will I actually raise.
• 1:07:57
  Speaker 3: In a month and a year functuates quite a bit
• 1:08:01
  Speaker 3: from month to month and even from year to year.
• 1:08:04
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• 1:08:06
  Speaker 3: PayPal that has a certain consistency that allows the show
• 1:08:11
  Speaker 3: to have a consistency in terms of knowledge of whether
• 1:08:14
  Speaker 3: it's funding is coming from.
• 1:08:15
  Speaker 2: Remember this show is funded by you couldn't happen without you.
• 1:08:20
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• 1:08:23
  Speaker 3: Reminder that on the seven thirty first New Year's Eve,
• 1:08:27
  Speaker 3: we will have our big fundraising show.
• 1:08:29
  Speaker 2: It'll be a.
• 1:08:29
  Speaker 3: Review of twenty twenty five and looking forward to twenty
• 1:08:33
  Speaker 3: twenty six.
• 1:08:34
  Speaker 2: We'll go over all.
• 1:08:35
  Speaker 3: The good stuff and bad stuff that happened this year,
• 1:08:39
  Speaker 3: and it'll be a great opportunity for you to support
• 1:08:41
  Speaker 3: the show. We've got a big, humongous, ambitious, many zero's
• 1:08:47
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• 1:08:50
  Speaker 2: So please, if you.
• 1:08:52
  Speaker 3: Want to support the show, you want to show your
• 1:08:54
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• 1:08:57
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• 1:08:59
  Speaker 2: it into the future, then please consider coming. And even
• 1:09:03
  Speaker 2: if you don't have time to stay for the whole
• 1:09:06
  Speaker 2: four to five hours we're going.
• 1:09:07
  Speaker 3: To do the show, you can come for ten minutes,
• 1:09:08
  Speaker 3: make a contribution, listen a little bit, and then listen
• 1:09:12
  Speaker 3: whenever you want. So, just come and make a contribution.
• 1:09:15
  Speaker 3: It'll go from one. It'll start at one pm Eastern time,
• 1:09:18
  Speaker 3: one pm Eastern time right here on YouTube.
• 1:09:21
  Speaker 2: This is the place for you to make the contribution.
• 1:09:23
  Speaker 2: If you usually listen on Twitter or on the podcast
• 1:09:26
  Speaker 2: on some other format Facebook, that day, that's the one
• 1:09:33
  Speaker 2: day I'm asking you to come live so that you
• 1:09:36
  Speaker 2: can make a contribution. Even if it's two bucks, even
• 1:09:39
  Speaker 2: if it's five dollars, even if it's something small, it
• 1:09:43
  Speaker 2: really really really really really.
• 1:09:45
  Speaker 3: Helps and it's something that's incredibly valuable. And I will
• 1:09:51
  Speaker 3: be keeping track of how many how many contributions we
• 1:09:54
  Speaker 3: get and the number the quantity of the contribution. So
• 1:09:57
  Speaker 3: we'll have a goal around the number both of dollars
• 1:10:01
  Speaker 3: and the number of just sheer contributions that two dollars
• 1:10:04
  Speaker 3: will count.
• 1:10:07
  Speaker 2: All right, I think that's all the announcements for now.
• 1:10:11
  Speaker 2: For now, all right, let's see let's sell David fifty dollars.
• 1:10:18
  Speaker 2: Thank you, David.
• 1:10:19
  Speaker 3: Can you explain the term nominal as in wages or
• 1:10:23
  Speaker 3: GDP versus nominal waiters nominative GDP, which is the better
• 1:10:28
  Speaker 3: tool for analysis? Well, it depends in your context. Everything
• 1:10:32
  Speaker 3: depends on context. There's no one better tool. Nomenal just
• 1:10:36
  Speaker 3: means unadjusted for inflation. So in terms of GDP, it's
• 1:10:46
  Speaker 3: it's a total amount of whatever. GDP is measuring the
• 1:10:49
  Speaker 3: total amount of dollars. You know that the GDP is
• 1:10:54
  Speaker 3: reflected in GDP that happened this year, right, that's.
• 1:10:59
  Speaker 2: What it's capturing.
• 1:11:02
  Speaker 3: Usually when you see graphs of income or GDP, it's
• 1:11:08
  Speaker 3: not in nominal terms, it's in inflation adjusted terms.
• 1:11:12
  Speaker 2: Uh.
• 1:11:12
  Speaker 3: And you have to read the small type to find
• 1:11:14
  Speaker 3: out which inflation measure. Again, this is price inflation they're
• 1:11:19
  Speaker 3: using to adjust, right, but basically nominal is it's not
• 1:11:28
  Speaker 3: bringing if they If you've got a graph of nominal GDP,
• 1:11:33
  Speaker 3: every every point in the graph is in the dollars
• 1:11:38
  Speaker 3: of the date that it is. That it is your
• 1:11:44
  Speaker 3: twenty twenty twenty GDP isn't twenty twenty dollars.
• 1:11:47
  Speaker 2: Twenty twenty five GEDDP is in twenty twenty five dollars dollars.
• 1:11:51
  Speaker 2: It's it's hard to adjust.
• 1:11:53
  Speaker 3: It's hard to compare because whether the GDP growth has
• 1:11:57
  Speaker 3: been good or bad will depend on whether there's being inflation.
• 1:12:00
  Speaker 3: You could imagine there being a lot of inflation GDP
• 1:12:03
  Speaker 3: going up, but actually in real terms.
• 1:12:07
  Speaker 2: You know GDP has actually declined. So what you want
• 1:12:12
  Speaker 2: for comparison's sake is you always want to compare real GDP,
• 1:12:18
  Speaker 2: which is the way it's usually presented. Real GDP is
• 1:12:22
  Speaker 2: inflation adjusted, the GDP nominal GDP is no adjustment has
• 1:12:26
  Speaker 2: been made, so it includes the effects of inflation.
• 1:12:34
  Speaker 3: One of the big macroeconomic proposals out there that the
• 1:12:37
  Speaker 3: FED is always looking at is that they should target
• 1:12:41
  Speaker 3: what's called nominal GDP. They shouldn't target inflation. Per se,
• 1:12:47
  Speaker 3: they should target they should try to achieve a certain
• 1:12:50
  Speaker 3: growth in spending or in GDP.
• 1:12:55
  Speaker 2: And you know, so they should adjust.
• 1:12:59
  Speaker 3: The amount of money in the economy to achieve a consistent,
• 1:13:04
  Speaker 3: unchanging nominal GDP growth. Now, you could all be about
• 1:13:09
  Speaker 3: that's good or bad, but that is one of the
• 1:13:11
  Speaker 3: dominant monetary theories out there, or one of the most
• 1:13:17
  Speaker 3: dominant among the relatively free market crowd. Okay, David Ass
• 1:13:23
  Speaker 3: Also please explain how RAN's a is a is not
• 1:13:26
  Speaker 3: a platonic concept. If reality is, then isn't that the
• 1:13:31
  Speaker 3: same thing as saying any platonic concept exists as a
• 1:13:35
  Speaker 3: thing in itself. No, I mean, the whole point about
• 1:13:42
  Speaker 3: platonic concept is that the thing in itself exists in
• 1:13:48
  Speaker 3: a different dimension. Aristotle's point is the thing is the
• 1:13:54
  Speaker 3: thing in itself. The thing is the thing. There's nothing
• 1:13:57
  Speaker 3: else other than the thing. There's no other demansion. It
• 1:14:00
  Speaker 3: represents the thing. Plato said, you know the concept chair.
• 1:14:06
  Speaker 3: We have the concept chair, but channess. The essence of
• 1:14:11
  Speaker 3: chair is someway, and that's where we get the concept chair.
• 1:14:15
  Speaker 3: We get the concept chair from this channess. That provides
• 1:14:20
  Speaker 3: essential of what a chair is and Plato and Astart saying, no,
• 1:14:26
  Speaker 3: a chair is a chair.
• 1:14:28
  Speaker 2: There is no something, there is no essence in a
• 1:14:31
  Speaker 2: different dimension, there's no something somewhere else. It's just a
• 1:14:35
  Speaker 2: thing is itself. The thing is what it is. I
• 1:14:43
  Speaker 2: think that's the simplest explanation. If you have follow up,
• 1:14:46
  Speaker 2: ask David. But I think that's phenomenal.
• 1:14:59
  Speaker 3: Yeah, so that's it again. I'm looking at the comments.
• 1:15:03
  Speaker 3: Nominal is denominated in the time that it is attributed to,
• 1:15:09
  Speaker 3: whereas again, uh, real real is adjusted for inflation. A
• 1:15:17
  Speaker 3: is a is just a representation of a thing is itself.
• 1:15:19
  Speaker 3: A thing is a thing. It's not something else. And
• 1:15:22
  Speaker 3: it's also not in a different dimension. It's it's. It's
• 1:15:27
  Speaker 3: what it is.
• 1:15:28
  Speaker 2: It's what it's right there.
• 1:15:34
  Speaker 3: Now, maybe I'm not giving the best answer for that,
• 1:15:38
  Speaker 3: but it's certainly not platonic, and it's not intrinsic. It's
• 1:15:43
  Speaker 3: not saying all its attributes are in the thing.
• 1:15:47
  Speaker 2: It's it's.
• 1:15:47
  Speaker 3: It's not denying consciousness, because the next action is consciousness
• 1:15:52
  Speaker 3: is aware of a right. Consciousness is the way in
• 1:15:56
  Speaker 3: which consciousness is awareness of reality. Where of it all right,
• 1:16:03
  Speaker 3: I forgot to thank the stickers West thank you fifty
• 1:16:06
  Speaker 3: dollars sticker.
• 1:16:07
  Speaker 2: Really appreciate that. Kim, thank you for the sticker. Let's see.
• 1:16:14
  Speaker 3: Who else do we have stickers from? Oh, I think
• 1:16:20
  Speaker 3: that's it. Light on stickers. Oh no, we got Catherine
• 1:16:22
  Speaker 3: and we've got Xit. Thank you guys. So thanks for
• 1:16:27
  Speaker 3: the stickers. Yeah, not that many stickers today, so feel
• 1:16:30
  Speaker 3: free to jump in with some stickers.
• 1:16:31
  Speaker 2: Let's get the numbers up a little bit.
• 1:16:33
  Speaker 3: We're about one hundred short of our second hour goal
• 1:16:36
  Speaker 3: and we are in the second hour, so it would
• 1:16:38
  Speaker 3: be good if we could make that hundreds so we
• 1:16:40
  Speaker 3: could make the goal today. All right, So David says,
• 1:16:51
  Speaker 3: intrinsic was the word I'm thinking of.
• 1:16:53
  Speaker 2: It doesn't imply intrinsicism.
• 1:16:55
  Speaker 3: It doesn't imply that, for example, I don't know action
• 1:17:00
  Speaker 3: is in the thing, whiteness is in the thing.
• 1:17:03
  Speaker 2: You know. It just means that the thing it is,
• 1:17:06
  Speaker 2: It is what it is, and you know our job
• 1:17:10
  Speaker 2: is as.
• 1:17:13
  Speaker 3: Is as a consciousness, is to identify it and be
• 1:17:16
  Speaker 3: aware of it. It really is saying you can be
• 1:17:20
  Speaker 3: yellow and white at the same time. You either wellow
• 1:17:22
  Speaker 3: or you're white. You can't be both. You either a
• 1:17:26
  Speaker 3: square or circle. You can't be both at the same time.
• 1:17:29
  Speaker 3: Your a is a A square is a square, and
• 1:17:33
  Speaker 3: you know now to identify it as a square requires consciousness.
• 1:17:40
  Speaker 3: There's no squared nests in reality. They are squares as
• 1:17:46
  Speaker 3: identified by consciousness. All right, whoops, that's wrong, all right.
• 1:17:53
  Speaker 2: Help a campbell.
• 1:17:55
  Speaker 3: Many Starians blame the Treaty of Versailles for the rise
• 1:17:58
  Speaker 3: of Hitler. If the Allies hadn't been so draconian to
• 1:18:03
  Speaker 3: the Germans after World War One, Nazism would not have
• 1:18:06
  Speaker 3: been possible. Is this the lack of understanding of the
• 1:18:08
  Speaker 3: power of philosophy?
• 1:18:13
  Speaker 4: No, not necessarily right, Like, philosophy is the ultimate cause
• 1:18:21
  Speaker 4: of history, but it's not the particular cause of history.
• 1:18:25
  Speaker 3: It's not the only cause of history. It conditions everything else.
• 1:18:31
  Speaker 3: So if World War One ends differently, world War two
• 1:18:37
  Speaker 3: might not happen, or it might not happen when it happens,
• 1:18:39
  Speaker 3: or it might not happen.
• 1:18:40
  Speaker 2: And the way it happens, I mean my view is
• 1:18:47
  Speaker 2: if Germany had been crushed. This is not historians view.
• 1:18:52
  Speaker 3: This is me and a handful of people out there,
• 1:18:55
  Speaker 3: maybe some of them Mystaians, I don't know, but in
• 1:18:58
  Speaker 3: my view maybe Victor Davis Hansen agrees with me. But
• 1:19:03
  Speaker 3: in my view, if Germany had been crushed during World
• 1:19:07
  Speaker 3: War One, not penalized harshly, but kept around and you know,
• 1:19:15
  Speaker 3: the idea that wasn't really defeated, then I don't think
• 1:19:18
  Speaker 3: there would have been.
• 1:19:19
  Speaker 2: World War two. World War Two is a consequence of yes,
• 1:19:24
  Speaker 2: bad philosophy, but bad philosophy colliding with.
• 1:19:29
  Speaker 3: A Germany believed they could win, a Germany that believed
• 1:19:35
  Speaker 3: that they could win.
• 1:19:36
  Speaker 2: They could have won World War One.
• 1:19:39
  Speaker 3: Germany believes that they were betrayed by mysterious forces within Germany,
• 1:19:46
  Speaker 3: the Jews.
• 1:19:47
  Speaker 2: Maybe that led to the defeat in World War One.
• 1:19:52
  Speaker 2: A Germany that believed.
• 1:19:53
  Speaker 3: That, yes, they were the victims in World War One,
• 1:19:56
  Speaker 3: and now they're being forced to pay for World War
• 1:19:59
  Speaker 3: One through their operations and all of that.
• 1:20:02
  Speaker 2: But you could argue that the problem. So if you
• 1:20:06
  Speaker 2: combine that and the resentment that happened, and the and
• 1:20:10
  Speaker 2: the but the confidence that they could win in the
• 1:20:12
  Speaker 2: next war, there's something hit that comes back from World
• 1:20:16
  Speaker 2: War One thinking we should have won that. So to
• 1:20:20
  Speaker 2: many of the generals, so to many people.
• 1:20:25
  Speaker 3: If you combine that with bad ideas, you get what
• 1:20:28
  Speaker 3: you get. You get World War One in World War two.
• 1:20:33
  Speaker 3: But you know, it's not like Germany has fundamentally dramatically
• 1:20:38
  Speaker 3: different philosoph philosophical ideas today. It's just they don't go
• 1:20:42
  Speaker 3: in that direction, partially because of how they were humiliating
• 1:20:46
  Speaker 3: World War two, and partially because they're colliding with better ideas,
• 1:20:52
  Speaker 3: partially because they don't have a military I mean a
• 1:20:54
  Speaker 3: lot of reasons why. But the circumstances of the vinum
• 1:21:00
  Speaker 3: publicly impotence. It's not just ideas. So don't take idea
• 1:21:05
  Speaker 3: shape history as the deterministic.
• 1:21:07
  Speaker 2: That's a yeah, that would be too deterministic. Bad ideas
• 1:21:13
  Speaker 2: of this nature cause this bad.
• 1:21:15
  Speaker 3: Thing to happen. It doesn't quite work that way. Bad
• 1:21:18
  Speaker 3: ideas will call bad stuff to happen. But when how
• 1:21:22
  Speaker 3: it manifests us of what kind of bad stuff? All
• 1:21:25
  Speaker 3: of that depends a lot of what the conditions are
• 1:21:28
  Speaker 3: with the contextyle for the absorption of those bad ideas.
• 1:21:36
  Speaker 3: I think, though, that even if you had had less
• 1:21:41
  Speaker 3: draconian measures, given how World War One ended, I think
• 1:21:44
  Speaker 3: world War two is almost inevitable.
• 1:21:47
  Speaker 2: The only way to.
• 1:21:48
  Speaker 3: Avoid World War two was to provide a crushing defeat
• 1:21:56
  Speaker 3: to Germany and access powers in World War One, just
• 1:22:00
  Speaker 3: like the crushing defeat that Germany suffered war too pretty much,
• 1:22:08
  Speaker 3: I think protect us from Germany trying that one again.
• 1:22:12
  Speaker 2: At least for a while. All right, thank you'll up
• 1:22:22
  Speaker 2: with Campbell. All right, we go quite a few twenty
• 1:22:25
  Speaker 2: dollars questions. It's good.
• 1:22:26
  Speaker 3: We're still ninety six dollars short of our gold. Just
• 1:22:30
  Speaker 3: keeping you updated. So if any of you want to.
• 1:22:33
  Speaker 2: Trade, participate, jump in and trade at whatever level you
• 1:22:39
  Speaker 2: can financially and want to given the value you get
• 1:22:44
  Speaker 2: from the show. All right, now you have a y,
• 1:22:46
  Speaker 2: I'll go with them.
• 1:22:47
  Speaker 3: If life is so much better, why are people getting
• 1:22:50
  Speaker 3: more hateful and racist like we've never seen before. Because
• 1:22:55
  Speaker 3: like materially is better, life ideologically and spiritually is much
• 1:23:01
  Speaker 3: much worse. So we and this is the great irony
• 1:23:05
  Speaker 3: of the time. We continue to grow economically, we continue
• 1:23:09
  Speaker 3: to get richer, we continue to have better stuff, better toys,
• 1:23:13
  Speaker 3: better houses, better everything.
• 1:23:17
  Speaker 2: But we have a rotten philosophy which helps us have
• 1:23:21
  Speaker 2: a rotten sense of life.
• 1:23:24
  Speaker 3: For example, give you an example. One hundred years ago,
• 1:23:29
  Speaker 3: Americans didn't care about any quality. They didn't care about
• 1:23:32
  Speaker 3: the rich getting rich.
• 1:23:33
  Speaker 2: They were happy with their own progress, and they wanted
• 1:23:36
  Speaker 2: to become rich, and they worked hard, and so if
• 1:23:40
  Speaker 2: the rich got richer, if there were billionaires, Americans mostly
• 1:23:44
  Speaker 2: didn't care today because spiritually they now ideologically care. They're
• 1:23:53
  Speaker 2: pissed off, they get angry, they're frustrated. Not because their
• 1:23:57
  Speaker 2: life is worse, their life is actually better, because some
• 1:24:00
  Speaker 2: people's life is even better. So envious increased dramatically in
• 1:24:05
  Speaker 2: the United States, and that is making people more bitter
• 1:24:08
  Speaker 2: and more angry. Or take for example, the welfare state.
• 1:24:14
  Speaker 3: I mean, during the Great Depression, people were embarrassed except charity,
• 1:24:19
  Speaker 3: never mind money from the government. Many did not collect
• 1:24:23
  Speaker 3: on money that the government was offering them because they
• 1:24:26
  Speaker 3: felt it was an insult to take money from the government.
• 1:24:31
  Speaker 2: Today, everybody is super happy to get money from the government.
• 1:24:36
  Speaker 3: I think fifty percent of Americans get some subsidy in
• 1:24:40
  Speaker 3: some way or another from the government. So you can
• 1:24:43
  Speaker 3: see how mentality has changed. Sense of life is changed,
• 1:24:46
  Speaker 3: philosophy has changed, and that changes your attitudes. So people
• 1:24:51
  Speaker 3: are much more resentful, much more envious, much more hateful
• 1:24:55
  Speaker 3: and angry and racist, not because they're materially worst off,
• 1:25:00
  Speaker 3: but because the ideas that they hold are dramatically worse.
• 1:25:03
  Speaker 2: Of worse, and they they've lost I think it's true
• 1:25:11
  Speaker 2: that they've lost a sense of meaning and a sense
• 1:25:13
  Speaker 2: of purpose in their life. They're looking for stuff. Sadly,
• 1:25:18
  Speaker 2: they're looking on all the wrong places.
• 1:25:20
  Speaker 3: People exploiting that, bad intellectuals exploiting that, bad politicians exploiting that.
• 1:25:26
  Speaker 2: So it's ideas to shape.
• 1:25:29
  Speaker 3: People's psychological attitudes, not their material well being.
• 1:25:34
  Speaker 2: This is true when Rome fell was Romans were.
• 1:25:39
  Speaker 3: Relatively rich, and yet spiritually they had, you know, undermined
• 1:25:48
  Speaker 3: who they had been, and they no longer could defend themselves.
• 1:25:52
  Speaker 3: It wasn't a lack of wealth, it was a lack
• 1:25:55
  Speaker 3: of the spirit. So you have to think about what
• 1:26:00
  Speaker 3: is it that's undermined America over the last hundred years
• 1:26:04
  Speaker 3: that has made it so that even though we're rich,
• 1:26:07
  Speaker 3: we're still angry and fearful. Not to every's algorithm, w well,
• 1:26:12
  Speaker 3: it is more desirable to be an egoist and a
• 1:26:15
  Speaker 3: value of life. Hateful ideologies have an easier time spending.
• 1:26:19
  Speaker 2: Is this due to cont or the world or the
• 1:26:22
  Speaker 2: world has never known egoism, so tribalism resentment is the default.
• 1:26:29
  Speaker 3: I think it's a combination of content Christianity. But ultimately
• 1:26:37
  Speaker 3: you're right in a sense that they've never known egoism.
• 1:26:40
  Speaker 2: They don't really know what it is. I mean, the
• 1:26:43
  Speaker 2: culture was more egoistic one hundred years ago, the culture
• 1:26:46
  Speaker 2: was less tribal one hundred years ago.
• 1:26:50
  Speaker 3: But people today don't remember that, don't know that. They're
• 1:26:53
  Speaker 3: not familiar with egoism. And he has sense they don't
• 1:26:56
  Speaker 3: know what it stands for. They don't know what it means,
• 1:26:59
  Speaker 3: they don't know how to affect their life. Indeed, they're
• 1:27:02
  Speaker 3: afraid of it because they think it means being nasty
• 1:27:05
  Speaker 3: and being a horrible human being.
• 1:27:08
  Speaker 2: So they don't know what it is.
• 1:27:10
  Speaker 3: And and but they're and their ideas, uh and and
• 1:27:13
  Speaker 3: any sense of self interest, sense of pursuit of self interest,
• 1:27:18
  Speaker 3: pursuit of happiness is undermined both by Kantian duty ethics,
• 1:27:23
  Speaker 3: altruistic duty ethics, and you know, postmodernism again, which is
• 1:27:31
  Speaker 3: ultimately contient, but also but by Christianity, which tells them
• 1:27:35
  Speaker 3: their fall and being there's original sin, you know, and
• 1:27:42
  Speaker 3: and the angst and agony that I think Christianity ultimately
• 1:27:46
  Speaker 3: leads people towards. So it's a combination of all of
• 1:27:50
  Speaker 3: that that leads them away from egoism. I mean, Christianity
• 1:27:55
  Speaker 3: tells them that if they if they invase egoism, they'll
• 1:27:58
  Speaker 3: go to Hell.
• 1:28:00
  Speaker 2: It's pretty powerful stuff. And to what extent is iron
• 1:28:06
  Speaker 2: Ran keeping the West alive today spiritually? Economically? I don't know.
• 1:28:13
  Speaker 3: It's keeping some of us alive, no question about that.
• 1:28:17
  Speaker 3: It might be economically in a sense that she has
• 1:28:21
  Speaker 3: a pretty big influence on the people in Silicon Valley
• 1:28:24
  Speaker 3: and why they're in Silicon Valley and their ambition and
• 1:28:27
  Speaker 3: their productive ness. But how much I just don't know
• 1:28:33
  Speaker 3: how to measure. I don't know how to tell.
• 1:28:35
  Speaker 2: It's just impossible.
• 1:28:36
  Speaker 3: A lot of people still read iron Rand, a lot
• 1:28:38
  Speaker 3: of people have red iron Rand over the last seventy years.
• 1:28:41
  Speaker 3: She's had a profound impact on people's souls. How that
• 1:28:45
  Speaker 3: manifests itself? How big of an impact? I wouldn't even
• 1:28:48
  Speaker 3: know how to start measuring that, So anything I give
• 1:28:52
  Speaker 3: you is anecdotal. James, what do you make of Sam
• 1:28:58
  Speaker 3: Harris's argument for taking certain hallucinogenic drugs that psychedelics can
• 1:29:04
  Speaker 3: force you to face things you're already aware of but
• 1:29:07
  Speaker 3: aren't giving enough priority to fixing.
• 1:29:10
  Speaker 2: I mean, this is the question I would ask, how
• 1:29:15
  Speaker 2: does anybody know that? Right?
• 1:29:17
  Speaker 3: So, when you're on a hallucinogenic drug, how do you
• 1:29:21
  Speaker 3: know that what you're experiencing is reality? How do you
• 1:29:25
  Speaker 3: know that the things that you're observing supposedly about yourself
• 1:29:30
  Speaker 3: are real?
• 1:29:33
  Speaker 2: I mean, it strikes me that it's not real.
• 1:29:36
  Speaker 3: That the whole point is of hogenic drugs is to
• 1:29:41
  Speaker 3: disconnect you from reality, disconnect you from consciousness as awareness,
• 1:29:48
  Speaker 3: and make you pray to the random forces within your
• 1:29:52
  Speaker 3: subconscious which maybe might lead you to some realization just
• 1:29:59
  Speaker 3: like a dream, but just as likely well not So,
• 1:30:06
  Speaker 3: there is just no basis in science or in now
• 1:30:10
  Speaker 3: understanding of the human brain, or in understanding of the
• 1:30:14
  Speaker 3: mind and consciousness to trust it. I mean, I mean
• 1:30:20
  Speaker 3: Sam and many people who take out lucinogenics say that
• 1:30:22
  Speaker 3: one of the revelations that they come to that there
• 1:30:25
  Speaker 3: is no eye, that the individual doesn't exist, that consciousness
• 1:30:29
  Speaker 3: is ultimately a social thing, that we're just all connected
• 1:30:33
  Speaker 3: to a But that's bullshit. So you felt something, you
• 1:30:38
  Speaker 3: felt that in why you under a lucinogenic drug. What
• 1:30:41
  Speaker 3: makes that real? What makes that truth? You can only
• 1:30:45
  Speaker 3: test a truth an idea about truth by its correspondence
• 1:30:52
  Speaker 3: to reality.
• 1:30:54
  Speaker 2: The only way to identify reality is without senses, not
• 1:30:58
  Speaker 2: by imploding us sensors with the use of drugs. So
• 1:31:04
  Speaker 2: now I don't buy it.
• 1:31:05
  Speaker 3: Now Again, it could be that these drugs do something
• 1:31:10
  Speaker 3: to the chemical balance in the brain. It could be
• 1:31:13
  Speaker 3: that they do something that for PTSD, or for depression,
• 1:31:17
  Speaker 3: or for whatever they they they are. They are hard,
• 1:31:20
  Speaker 3: the reboot that they that they take you out of
• 1:31:25
  Speaker 3: a funk, that they allow you to start over in
• 1:31:28
  Speaker 3: some sense, I don't know. They seem to have some
• 1:31:32
  Speaker 3: positive psychedet psych psychological impact. So does so there's riddle
• 1:31:36
  Speaker 3: in so there's a lot of drugs that people take.
• 1:31:38
  Speaker 3: So chemicals matter, but it's not that it helps you
• 1:31:44
  Speaker 3: discover truths, because that's begging the question.
• 1:31:50
  Speaker 2: What is true? And true is that which I one
• 1:31:52
  Speaker 2: identifies with one's sensors, And this is again the rejection
• 1:31:55
  Speaker 2: of one's senses. You can't do it all, right, I,
• 1:32:01
  Speaker 2: David says, I fail to understand what Hananya's fans see
• 1:32:05
  Speaker 2: in him other than some contrarian position.
• 1:32:08
  Speaker 3: He's not that interesting, knowledgeable, or charismatic. Michael labor Rich
• 1:32:13
  Speaker 3: is much more well read and smarter.
• 1:32:17
  Speaker 2: Well. I mean, I don't.
• 1:32:18
  Speaker 3: I'm not going to comment to Michael. I don't know,
• 1:32:21
  Speaker 3: but no, I don't think that's true. I think Hananya
• 1:32:25
  Speaker 3: at his best is really smart and quite and really deep.
• 1:32:32
  Speaker 3: He does really deep research. He is much better read
• 1:32:37
  Speaker 3: than almost anybody I know, particularly when he comes to
• 1:32:41
  Speaker 3: politics and social phenomena. He does deep research. His essay
• 1:32:49
  Speaker 3: on the original essay. He wrote a number of essays
• 1:32:54
  Speaker 3: two three years ago coming out of COVID that I
• 1:32:56
  Speaker 3: thought were brilliant, were really you know, uh, really really
• 1:33:03
  Speaker 3: original and and and and provided evidence and uh and
• 1:33:08
  Speaker 3: and uh provided a provided a real correct sequence of
• 1:33:12
  Speaker 3: events of how ideas spread through the culture, ideas impacted
• 1:33:17
  Speaker 3: the culture. I think what he did on affirmative action
• 1:33:21
  Speaker 3: it was really really, really good and valuable. It was
• 1:33:25
  Speaker 3: not that there was any original philosophical insight. The original
• 1:33:29
  Speaker 3: philosophical insight was in Man's.
• 1:33:31
  Speaker 2: Really, but.
• 1:33:33
  Speaker 3: He laid it out, he spelled it out, and he
• 1:33:37
  Speaker 3: did the research and showed the connections of the way
• 1:33:39
  Speaker 3: that nobody had done before.
• 1:33:41
  Speaker 2: Uh. He had a piece and I can't I can't
• 1:33:43
  Speaker 2: remember it anymore, but he had a piece in the
• 1:33:45
  Speaker 2: publican party that I thought was excellent that identified the
• 1:33:49
  Speaker 2: essence of it. I mean, I still read his stuff.
• 1:33:52
  Speaker 2: I think he writes too much right now.
• 1:33:54
  Speaker 3: I think he's writing too much, and as a consequence,
• 1:33:56
  Speaker 3: he's getting sloppy in his thinking. But he's still original
• 1:34:00
  Speaker 3: and comes up with stuff that I think is quite good.
• 1:34:06
  Speaker 3: So I would I would definitely, I would definitely.
• 1:34:17
  Speaker 2: Read his longer essays.
• 1:34:19
  Speaker 3: I mean, he's good on how stupid the Republican Republicans are,
• 1:34:23
  Speaker 3: and how stupid mag is and how awful Trump is.
• 1:34:26
  Speaker 3: He's good, he's become good on economics. He's not an objectivist,
• 1:34:30
  Speaker 3: but and he's a good writer. And he writes and
• 1:34:33
  Speaker 3: writes and writes and writes and right, and let me
• 1:34:35
  Speaker 3: just say that, if you really want to have an
• 1:34:39
  Speaker 3: impact on the culture, you got to write. I mean,
• 1:34:43
  Speaker 3: my biggest, my biggest flaw is I don't.
• 1:34:46
  Speaker 2: Write enough, right right, right, right right.
• 1:34:51
  Speaker 3: Writing and and and the speaking and all of that
• 1:34:53
  Speaker 3: is important, but the real way in which you have
• 1:34:56
  Speaker 3: a long term impact is by writing.
• 1:34:59
  Speaker 2: So again, I think that's I think that's that is great.
• 1:35:04
  Speaker 2: That's why he's he's good.
• 1:35:12
  Speaker 3: Eric, I've never heard an objective is talk about honor.
• 1:35:15
  Speaker 3: What is your understanding of the concept m. I mean,
• 1:35:21
  Speaker 3: I think there's a lot of overlap between honor and integrity.
• 1:35:30
  Speaker 3: You know, the Lennapeacock talks about honor, I think he
• 1:35:33
  Speaker 3: talks about honor when he talks about the play El
• 1:35:40
  Speaker 3: sid In in his eight Great Plays, nine Great Plays,
• 1:35:46
  Speaker 3: in his course about Great Plays, I think he talks
• 1:35:49
  Speaker 3: about honor there. I think there are a number of
• 1:35:52
  Speaker 3: other mentions in the objective's literature of honor. Cant if
• 1:35:57
  Speaker 3: if Tara talks about it. But honor, I think overlaps
• 1:36:02
  Speaker 3: a lot with the virtue of integrity. But of course
• 1:36:06
  Speaker 3: can be and so the virtue of integrity demands that
• 1:36:10
  Speaker 3: you have rational values. Integrity to irrational values is not
• 1:36:14
  Speaker 3: a virtue.
• 1:36:16
  Speaker 2: And you know, a lot of times.
• 1:36:22
  Speaker 3: It's honest broader than integrity, because honor is also honors
• 1:36:27
  Speaker 3: is also about I don't know how would you define it.
• 1:36:31
  Speaker 3: I don't have a definition off the cuff. I don't
• 1:36:33
  Speaker 3: have a definition of honor. And honor can be bad
• 1:36:39
  Speaker 3: as well. Honor can be terrible, and people do awful
• 1:36:43
  Speaker 3: things in the name of honor. Right honor demands a duel, No,
• 1:36:49
  Speaker 3: it doesn't, you know, honor doesn't demand killing people over it.
• 1:36:54
  Speaker 2: Somebody says integrity plus actions. I don't know if that's how.
• 1:36:58
  Speaker 3: You reputation, but I think the reputation has smacks of secondhandedness,
• 1:37:03
  Speaker 3: of caring too much about what other people think of you.
• 1:37:07
  Speaker 2: So and I think this is why we don't talk
• 1:37:09
  Speaker 2: about honor. It's it's not it's it's it's it's not
• 1:37:14
  Speaker 2: quite you know. It's integrity captures the good parts. And
• 1:37:19
  Speaker 2: I don't know that you need much more than what
• 1:37:21
  Speaker 2: integrity captures. So, I mean, that's the best I have
• 1:37:33
  Speaker 2: right now. I haven't really thought about it, so I
• 1:37:36
  Speaker 2: don't know.
• 1:37:36
  Speaker 3: I'd have to think about it some more and have
• 1:37:40
  Speaker 3: a definition of honor in front of me and really
• 1:37:43
  Speaker 3: think about it. Yeah, Phanapa says, I'm honorable for my
• 1:37:50
  Speaker 3: actions are in accordance with my integrity. But then it's
• 1:37:53
  Speaker 3: just integrity in action. Okay, integrity in action. But it's
• 1:38:00
  Speaker 3: seems like the concept as used as more.
• 1:38:02
  Speaker 2: Than that is more than that. All right, let's see,
• 1:38:09
  Speaker 2: we've got a few questions left. We're eighty one dollars
• 1:38:13
  Speaker 2: short of our second hour goal. It would be good
• 1:38:16
  Speaker 2: to make the second hour goal. I'm not even pushing
• 1:38:20
  Speaker 2: for the third hour goal, but it would be good
• 1:38:23
  Speaker 2: to make this one. And I've got plenty of time tonight,
• 1:38:27
  Speaker 2: so you can ask me tons of questions. Come on,
• 1:38:30
  Speaker 2: ask questions.
• 1:38:36
  Speaker 3: Andrew, a conservative pundit, noted that the speech that Trump
• 1:38:42
  Speaker 3: Trump's blaming of the insurance companies was good politics. Conservatives
• 1:38:47
  Speaker 3: are all too happy to throw out capitalism in exchange
• 1:38:51
  Speaker 3: for power. Yeah, well they don't believe in capitalism anymore.
• 1:38:54
  Speaker 3: Capitalism is gone. Blaming insurance companies, going after insurance companies,
• 1:38:58
  Speaker 3: going after drug companies, wanting price caps on drug prices,
• 1:39:04
  Speaker 3: attacking drug companies and insurance companies. It's like the old
• 1:39:09
  Speaker 3: days of attacking Wall Street.
• 1:39:10
  Speaker 2: You can't lose.
• 1:39:12
  Speaker 3: Nobody's against it except a few capitalists and and they
• 1:39:16
  Speaker 3: don't really count that much.
• 1:39:19
  Speaker 2: And yeah, so it's it's it is, it is. That's
• 1:39:29
  Speaker 2: what populism means. You thought any principle you might have
• 1:39:33
  Speaker 2: had in the name of pleasing the populace, pleasing the
• 1:39:38
  Speaker 2: people out there.
• 1:39:40
  Speaker 3: David said, I like it when YBS goes it's the
• 1:39:42
  Speaker 3: d philosophical discussions, then you should become a member. And
• 1:39:45
  Speaker 3: you should like have been there on Sunday when we
• 1:39:48
  Speaker 3: talked about what do we talk about on Sunday Iron
• 1:39:51
  Speaker 3: Rand's essay The Missing Link, which is deeply philosophical, and
• 1:39:55
  Speaker 3: we'll be talking about more of iron Rand's essays on
• 1:39:58
  Speaker 3: the Member's Only channel. So, uh, you can become a
• 1:40:01
  Speaker 3: member of Only works on YouTube. You have to have
• 1:40:05
  Speaker 3: a membership on YouTube. And yeah, all right, Uh, Roland says,
• 1:40:21
  Speaker 3: here's a warrior super chat for you.
• 1:40:23
  Speaker 2: Keep up the good fight, soldier. Thank you. I appreciate that.
• 1:40:27
  Speaker 2: That's nice.
• 1:40:29
  Speaker 3: Clark says, why is cost of living so insanely low
• 1:40:33
  Speaker 3: in places like Thailand and Vietnam? Is it because they
• 1:40:37
  Speaker 3: are newly adopting capitalist policies. Yes, I mean they're poor
• 1:40:43
  Speaker 3: and and uh and therefore, uh, you know, they they
• 1:40:49
  Speaker 3: they are so first they're not that productive. Secondly, nobody
• 1:40:55
  Speaker 3: can pay them. Nobody can pay them the kind of uh,
• 1:41:00
  Speaker 3: you know wage that they would get in the in
• 1:41:02
  Speaker 3: the uh in the West, because nobody can afford to
• 1:41:06
  Speaker 3: do that because it's a poor culture. As Thailand becomes richer,
• 1:41:11
  Speaker 3: it the cost of living will increase, the cost of
• 1:41:14
  Speaker 3: living will increase because the reality is that people will.
• 1:41:19
  Speaker 2: Demand higher wages.
• 1:41:22
  Speaker 3: And uh those higher and and you know, the people
• 1:41:26
  Speaker 3: will become more productive, they'll have more to spend. They'll
• 1:41:30
  Speaker 3: have more money to spend on a variety of different goods.
• 1:41:35
  Speaker 2: Uh and uh uh. You know, companies will then.
• 1:41:39
  Speaker 3: Raise people's wages, will then spend more, and it becomes
• 1:41:43
  Speaker 3: the circle, the circle of as people are wealthier, prices
• 1:41:48
  Speaker 3: go up, prices go.
• 1:41:51
  Speaker 2: Up, people can afford to pay more, and people are
• 1:41:54
  Speaker 2: spending more. I forget the name of this phenomenon economics.
• 1:42:01
  Speaker 3: It's not just productivity that drives up wages, but a
• 1:42:06
  Speaker 3: big part of it is productivity, and as that happens.
• 1:42:10
  Speaker 2: Prices actually will go up with wages. Like a coffee
• 1:42:15
  Speaker 2: in Thailand is a lot cheaper than a coffee at
• 1:42:17
  Speaker 2: Starbucks in the United States because the labor costs in
• 1:42:19
  Speaker 2: Thailand a much lower, so Starbucks can still make money
• 1:42:27
  Speaker 2: at that lower price. Now, costs don't determine price, but
• 1:42:31
  Speaker 2: costs certainly sets is a factor in ultimately determining the price.
• 1:42:41
  Speaker 3: And of course, if Starbucks raise the price, if in
• 1:42:47
  Speaker 3: Thai Land, people can't vote it because they don't make
• 1:42:49
  Speaker 3: money enough money elsewhere. But as people can make money elsewhere,
• 1:42:54
  Speaker 3: and they make more money elsewhere, and then that provides
• 1:42:58
  Speaker 3: competition to Starbucks employees. They then demand to raise because
• 1:43:05
  Speaker 3: otherwise they'll leave because people are paying them more elsewhere.
• 1:43:08
  Speaker 3: Starbucks has to It's the yeso god, I can't read it.
• 1:43:14
  Speaker 3: Booms boom Mole's principles something like that. You know, uh, stopbacks,
• 1:43:21
  Speaker 3: employees will demand to raise and people outside of Stopbucks
• 1:43:24
  Speaker 3: that are making more money they can afford higher prices.
• 1:43:27
  Speaker 3: Prices will rise and Starbucks will pay more to its employees.
• 1:43:32
  Speaker 3: The profit margins won't change, but they will pay more.
• 1:43:37
  Speaker 3: But that is that is organic to poor cultures, as
• 1:43:42
  Speaker 3: they adopt market economies, as they get richer, as they
• 1:43:46
  Speaker 3: get wealthier, as the employees generally become more productive, cost
• 1:43:50
  Speaker 3: of living goes up. I mean there's luso a sense
• 1:43:53
  Speaker 3: in which Thaieland is less regulated than America is in
• 1:43:57
  Speaker 3: many respects. There's probably it's easy to build there, you know,
• 1:44:02
  Speaker 3: so the stuff is cheaper, it's not as good.
• 1:44:08
  Speaker 2: So they're probably other factors that play into it.
• 1:44:11
  Speaker 3: Is the stock market doing so well because the technology
• 1:44:13
  Speaker 3: has reached the point where it can get around regulations
• 1:44:16
  Speaker 3: like it couldn't in the past. I mean, the stock
• 1:44:19
  Speaker 3: market's doing well because a certain segment of American companies
• 1:44:23
  Speaker 3: doing really well, primarily large ones, large companies can get
• 1:44:28
  Speaker 3: around tariffs. They can figure out how to deal with tariffs.
• 1:44:33
  Speaker 3: They can offset the cost of tariffs, or they can
• 1:44:37
  Speaker 3: find new suppliers, or they can bribe Trump to give
• 1:44:41
  Speaker 3: them exclusions. So tariffs and stuff like that hurd small
• 1:44:45
  Speaker 3: and medium sized businesses. They don't hurt the big businesses.
• 1:44:49
  Speaker 3: Some companies, the market is assuming they're going to do
• 1:44:53
  Speaker 3: phenomenally well because of AI, and therefore they are increasing.
• 1:44:58
  Speaker 2: Remember, stock markets don't provide you with how an estimate
• 1:45:03
  Speaker 2: of how profitable a company is today. They provide you
• 1:45:06
  Speaker 2: with an estimate of how the market, how profitable the
• 1:45:09
  Speaker 2: market believes companies will be in the future.
• 1:45:13
  Speaker 3: And right now, because I think primarily of AI, the
• 1:45:16
  Speaker 3: market and because the Interstates they believe interestrates are coming down,
• 1:45:20
  Speaker 3: the market believes that companies will be a lot more
• 1:45:22
  Speaker 3: profitable in the future than they are right now, and
• 1:45:25
  Speaker 3: the consequence of that is prices up. Do you have
• 1:45:33
  Speaker 3: any comments on I S gap based in New York?
• 1:45:37
  Speaker 2: I don't know what that is.
• 1:45:40
  Speaker 3: Maybe if you spell it out for me, I'll have
• 1:45:42
  Speaker 3: an opinion, but I don't know what it is. Sorry, Lincoln.
• 1:45:47
  Speaker 2: Why does the tech Why does the why does the
• 1:45:50
  Speaker 2: tech right like, why does the tech right like Teal
• 1:45:55
  Speaker 2: and recent etcetera, tend to be so anti liberty?
• 1:45:59
  Speaker 3: I would have assume they would be pro and pro
• 1:46:01
  Speaker 3: freedom well, because I think that they well, I mean,
• 1:46:05
  Speaker 3: Til is very religious, and that drives part of it.
• 1:46:09
  Speaker 2: I think a lot of them.
• 1:46:11
  Speaker 3: What drives them is a sense of superiority, a sense
• 1:46:15
  Speaker 3: that they know better, that they are the philosopher kings
• 1:46:19
  Speaker 3: that Plato talks about, that they can run society better
• 1:46:23
  Speaker 3: than anybody else, and better than the marketplace. They run
• 1:46:26
  Speaker 3: their companies, they do venture capital, they're good at identifying winners.
• 1:46:31
  Speaker 2: Why can't they extrapolite that to society as a whole?
• 1:46:35
  Speaker 2: You know?
• 1:46:36
  Speaker 3: So they are not believers in liberty because they believe
• 1:46:40
  Speaker 3: that they could. They could control your life better than
• 1:46:43
  Speaker 3: you can. They're smarter than you, So why not use
• 1:46:49
  Speaker 3: cosion if the result is the betterment of your life?
• 1:46:57
  Speaker 3: Sun And can you respect an isolated characteristic of a
• 1:47:02
  Speaker 3: person if he does not imply, if he does not
• 1:47:07
  Speaker 3: imply a positive valuation of their character?
• 1:47:10
  Speaker 2: Does respect any meaning? In this context?
• 1:47:13
  Speaker 3: I think you can respect a particular aspect of somebody
• 1:47:18
  Speaker 3: independent of their.
• 1:47:22
  Speaker 2: Character. Overall, you have to be careful not to not to,
• 1:47:32
  Speaker 2: you know, give.
• 1:47:36
  Speaker 3: Turn it into an injustice by let's say, complimenting somebody
• 1:47:40
  Speaker 3: with a bad character because they did one thing good
• 1:47:43
  Speaker 3: and now they think that you've just complimented the character. Overall,
• 1:47:46
  Speaker 3: you have to be careful.
• 1:47:47
  Speaker 2: I don't know.
• 1:47:48
  Speaker 3: Imagine there's a soldier who was incredibly brave in battle,
• 1:47:52
  Speaker 3: saves the lives of his fellow soldiers, kills the enemy,
• 1:47:55
  Speaker 3: he does amazing things, but he's an asshole in real life.
• 1:48:00
  Speaker 3: Then you can say this is amazing, this guy's amazingly brave. Wow,
• 1:48:04
  Speaker 3: super brave.
• 1:48:08
  Speaker 2: Without suggesting that his whole character is good.
• 1:48:12
  Speaker 3: Now, if you said, no, this is a good guy,
• 1:48:13
  Speaker 3: he's brave, he's a good guy, then you're now sanctioning
• 1:48:17
  Speaker 3: the rest of his character, which is not so good.
• 1:48:20
  Speaker 3: So you just have to be careful. Oh, Gail says
• 1:48:24
  Speaker 3: the Institute. Okay, so that yeah, that's my answer, Gil
• 1:48:28
  Speaker 3: says the Institute for Study of Global Anti Semitism.
• 1:48:30
  Speaker 2: I just don't know.
• 1:48:33
  Speaker 3: Some of these groups are overly leftist and see anti
• 1:48:36
  Speaker 3: semitism anywhere, or see racism everywhere. So it really depends
• 1:48:40
  Speaker 3: on how influence they have been by the kind of
• 1:48:43
  Speaker 3: progressive left. I have not followed the Institute for the
• 1:48:49
  Speaker 3: Study of Global Anti Semitism and Policy. Finn Harpa jumps in.
• 1:48:56
  Speaker 3: This is the last question unless somebody jumps in again.
• 1:48:59
  Speaker 3: What watched last Sunday's membership only show? I also being
• 1:49:07
  Speaker 3: being live to those let you ask questions without super
• 1:49:11
  Speaker 3: chatting as much. Yeah, I mean it's it's much more informal,
• 1:49:15
  Speaker 3: you don't have to spend as much money, as much
• 1:49:18
  Speaker 3: more interactive because they're small. So you should definitely come
• 1:49:22
  Speaker 3: to the live shows on the membership and friend Happa
• 1:49:27
  Speaker 3: just gifted five new memberships, so you guys should you
• 1:49:31
  Speaker 3: guys should come in and participate in our members only show.
• 1:49:35
  Speaker 3: Now you can you can go watch all the past
• 1:49:38
  Speaker 3: members only shows, so you should definitely do that. But
• 1:49:42
  Speaker 3: you should also come to live ones because I think
• 1:49:44
  Speaker 3: the live ones are more fun and more engaging. Andrew,
• 1:49:48
  Speaker 3: why do you think the nihilists like Fuentas and Trump
• 1:49:51
  Speaker 3: are able to have quick wits?
• 1:49:56
  Speaker 2: Oh? I don't know, I don't I don't know. Uh.
• 1:50:00
  Speaker 2: I think.
• 1:50:02
  Speaker 3: The nihilists tend to be cynics. Cynicism is a ideology
• 1:50:09
  Speaker 3: that is very receptive to quick wittedness.
• 1:50:14
  Speaker 2: If that's a word to you know, being.
• 1:50:19
  Speaker 3: Making funny copsite funny statements about pretty much anything. They
• 1:50:24
  Speaker 3: have no boundaries and they just Flint is smart. So
• 1:50:30
  Speaker 3: Trump is smart in a certain way. But it's a cynicism.
• 1:50:34
  Speaker 3: The cynicism builds on on on the wits right, it
• 1:50:41
  Speaker 3: enhances that muscle. If you will, all right, guys, thank you,
• 1:50:49
  Speaker 3: thank you to all the super chato is really really
• 1:50:50
  Speaker 3: appreciate it. I will see you guys tomorrow, same time,
• 1:50:55
  Speaker 3: I think, same time. Saying length the show will do
• 1:51:00
  Speaker 3: tomorrow will definitely be into our show. I've got a
• 1:51:02
  Speaker 3: hard stop tomorrow and not show about the weekend. We'll
• 1:51:06
  Speaker 3: see if we have shows on the weekend or not.
• 1:51:09
  Speaker 3: I will talk to you soon, see you tomorrow. Bye, everybody,