1
00:00:00,200 --> 00:00:03,720
Speaker 1: Welcome to today's podcast sponsored by Hillsdale College, All Things

2
00:00:03,800 --> 00:00:06,280
Speaker 1: Hillsdale at Hillsdale dot ed or I encourage you to

3
00:00:06,280 --> 00:00:08,800
Speaker 1: take advantage of the many free online courses there, and

4
00:00:08,840 --> 00:00:11,119
Speaker 1: of course I'll listen to the Hillsdale Dialogue all of

5
00:00:11,119 --> 00:00:14,560
Speaker 1: them at Hugh for Hillsdale dot com or just Google, Apple,

6
00:00:14,920 --> 00:00:18,640
Speaker 1: iTunes and Hillsdale Morning. Glauria and Indian Grace. Welcome to

7
00:00:18,680 --> 00:00:22,200
Speaker 1: the Big Weekend Pod America. I'm Hugh HEWITTT. Good pod today,

8
00:00:22,280 --> 00:00:25,720
Speaker 1: great pod, if I may say so myself, Prompted in

9
00:00:25,880 --> 00:00:29,880
Speaker 1: part by Canadian Prime Minister Mark Carney's Bankers Address to

10
00:00:29,920 --> 00:00:32,400
Speaker 1: the Bankers at Davos. I got a standing ovation, got

11
00:00:32,400 --> 00:00:35,080
Speaker 1: a big standing ovation at Davos, Mark Karney did. I

12
00:00:35,080 --> 00:00:37,920
Speaker 1: don't know what's happened in Canada, all right, Stephen Harper

13
00:00:38,000 --> 00:00:41,400
Speaker 1: was a great prime minister, Brian mulroney, great partner with

14
00:00:41,520 --> 00:00:44,400
Speaker 1: Ronald Reagan and facing down the Soviet Union. They had

15
00:00:44,400 --> 00:00:47,159
Speaker 1: the clown Trudeau for a long time. Now they've turned

16
00:00:47,240 --> 00:00:50,440
Speaker 1: to mister Davos himself, Mark Carney. I want you to

17
00:00:50,880 --> 00:00:52,960
Speaker 1: make time to listen to it, so I'm going to

18
00:00:53,000 --> 00:00:55,880
Speaker 1: have Harley had the fifteen minute speech not the Q

19
00:00:56,000 --> 00:00:58,520
Speaker 1: and A. It's only fifteen minutes. Mark Carney, the fifteen

20
00:00:58,520 --> 00:01:01,320
Speaker 1: minute speech. I talk about it with my guests today,

21
00:01:01,480 --> 00:01:05,440
Speaker 1: John Ellis, Well, I'll lead off with Matt Contnetty, than

22
00:01:05,520 --> 00:01:10,400
Speaker 1: Ben Dominic, then Eli Lake, then John Ellis. But listening

23
00:01:10,400 --> 00:01:15,760
Speaker 1: to Mark Carney thing, it's quite quietly but quite definitely

24
00:01:15,959 --> 00:01:20,679
Speaker 1: anti American turn trough. It's also very cowardly because Carney

25
00:01:20,720 --> 00:01:23,600
Speaker 1: avoids naming President Trump for the United States. You got

26
00:01:23,600 --> 00:01:26,679
Speaker 1: that big standing o though at the Banker's Annual PEP

27
00:01:26,720 --> 00:01:30,119
Speaker 1: rally and Davos. Of course he would. But as you listen,

28
00:01:30,240 --> 00:01:32,720
Speaker 1: keep in mind some facts. First, CARNEI purports to speak

29
00:01:32,760 --> 00:01:35,800
Speaker 1: for the so called Middle Powers. That's a variant I

30
00:01:35,800 --> 00:01:37,960
Speaker 1: guess of the non aligned nations of the Cold War,

31
00:01:38,640 --> 00:01:41,920
Speaker 1: which is odd since Canada depends almost entirely on America

32
00:01:42,400 --> 00:01:44,800
Speaker 1: for its national defense and for the freedom of the seas.

33
00:01:44,800 --> 00:01:48,440
Speaker 1: That allows it to sell its major asset, which is oil. Now,

34
00:01:48,520 --> 00:01:52,000
Speaker 1: I like Canada. My in laws are Canadian, my daughter

35
00:01:52,040 --> 00:01:56,960
Speaker 1: in law is Canadian. Love Canadians love maple syrup. There's

36
00:01:57,000 --> 00:02:00,200
Speaker 1: even a hockey joke in the introduction of Carney. Who

37
00:02:00,240 --> 00:02:04,160
Speaker 1: who doesn't like Canadian Adam is Canadian man who's producing

38
00:02:04,200 --> 00:02:08,440
Speaker 1: this second. Canada has a population of forty two million

39
00:02:08,480 --> 00:02:12,040
Speaker 1: people and a GDP of two point four trillion, but

40
00:02:12,080 --> 00:02:15,680
Speaker 1: it doesn't even spend two percent of that GDP on defense.

41
00:02:16,480 --> 00:02:19,080
Speaker 1: It promises that it's going to get to two percent

42
00:02:19,480 --> 00:02:22,560
Speaker 1: two percent by twenty thirty. Right, it just isn't really

43
00:02:22,600 --> 00:02:24,520
Speaker 1: a middle power, if there's any kind of a definition

44
00:02:24,560 --> 00:02:29,040
Speaker 1: of middle power, which would begin with consistent spending of

45
00:02:29,080 --> 00:02:32,519
Speaker 1: between three and five percent of your GDP. Carney says

46
00:02:32,560 --> 00:02:34,440
Speaker 1: he stands in the course of the speech with Greenland

47
00:02:34,480 --> 00:02:37,400
Speaker 1: and Denmark. He didn't say he's standing against because it's

48
00:02:37,400 --> 00:02:40,120
Speaker 1: a uniquely cowardly approach to Reddick, like I said that

49
00:02:40,360 --> 00:02:42,799
Speaker 1: named the president of the US, but when he's asking

50
00:02:43,520 --> 00:02:46,720
Speaker 1: question the answer if there's an off ramp on the subject.

51
00:02:47,000 --> 00:02:49,679
Speaker 1: Carney says he's hopeful that the quote discussions have been

52
00:02:49,720 --> 00:02:52,440
Speaker 1: catalyzed in an unusual way. In other words, Trump's getting

53
00:02:52,440 --> 00:02:56,400
Speaker 1: it done because we need golden doll. Carney talks about

54
00:02:56,400 --> 00:02:59,880
Speaker 1: the need for Europe and the transpecific partnership to get

55
00:03:00,000 --> 00:03:04,160
Speaker 1: together to expand trade and counterock the hedgemons. First of all,

56
00:03:04,160 --> 00:03:09,160
Speaker 1: you should know there is no Transpacific partnership. It's a dream. Secondly, hedgemons,

57
00:03:10,400 --> 00:03:14,080
Speaker 1: China and the United States are the big superpowers. I

58
00:03:14,080 --> 00:03:17,359
Speaker 1: guess we're the same. He really did say the two hedgemons,

59
00:03:17,720 --> 00:03:20,200
Speaker 1: the Middle Powers have to stand against the two hedgemons,

60
00:03:20,280 --> 00:03:23,680
Speaker 1: US stand against US. No difference at all between China

61
00:03:23,680 --> 00:03:27,040
Speaker 1: and the United States. He doesn't mention the sixty two

62
00:03:27,040 --> 00:03:30,480
Speaker 1: billion dollar trade surplus that Canada has with the US.

63
00:03:31,040 --> 00:03:33,560
Speaker 1: In fact, his speech is free of hard facts. He

64
00:03:33,600 --> 00:03:36,360
Speaker 1: does mention, I should say, he does mention that Canada

65
00:03:36,440 --> 00:03:41,680
Speaker 1: has submarines. It does. Four submarines, the newest of what

66
00:03:42,200 --> 00:03:45,640
Speaker 1: was commissioned in twenty fifteen. The other three were commissioned

67
00:03:45,640 --> 00:03:47,840
Speaker 1: in two thousand and three, two of them, and in

68
00:03:47,880 --> 00:03:50,480
Speaker 1: two thousand I got a twenty six year old submarine

69
00:03:50,840 --> 00:03:54,640
Speaker 1: like a Beatles song. Canada has a standing military of

70
00:03:54,680 --> 00:03:59,960
Speaker 1: sixty eight thousand. Unlike Poland and Finland, they are frontlines

71
00:04:00,040 --> 00:04:02,480
Speaker 1: states with Russia. They do as much as they can

72
00:04:02,520 --> 00:04:05,280
Speaker 1: with as much as they have. Canada doesn't really actually

73
00:04:05,320 --> 00:04:08,240
Speaker 1: have the ability to repulse a conventional incursion from Russia

74
00:04:08,400 --> 00:04:10,400
Speaker 1: without the US to back it up quickly. You know,

75
00:04:10,440 --> 00:04:13,200
Speaker 1: Finland's got reserve forces. They only have standing on me

76
00:04:13,240 --> 00:04:15,840
Speaker 1: at twenty three twenty four thousand, but they have reserve

77
00:04:15,920 --> 00:04:18,160
Speaker 1: forces of two hundred and eighty thousand that can mobilize

78
00:04:18,200 --> 00:04:24,440
Speaker 1: immediately if Putin gets pesky up North and Poland spends

79
00:04:24,480 --> 00:04:27,800
Speaker 1: close to five percent of their GDP on defense. Those

80
00:04:27,800 --> 00:04:32,159
Speaker 1: are middle powers. Now the big power, Israel punches so

81
00:04:32,200 --> 00:04:34,680
Speaker 1: far above them with ten million people. So it's not

82
00:04:34,720 --> 00:04:37,680
Speaker 1: like they can't do it. They're a free writer. Canada

83
00:04:37,760 --> 00:04:40,039
Speaker 1: is a free writer. They're a nice free writer. We

84
00:04:40,240 --> 00:04:42,080
Speaker 1: like hockey, we like maple syrup. We like to go

85
00:04:42,120 --> 00:04:46,160
Speaker 1: to Toronto and Montreal. People like to visit there. But they

86
00:04:46,160 --> 00:04:50,599
Speaker 1: are a free rider. And when he compares us to

87
00:04:50,720 --> 00:04:53,200
Speaker 1: China and he just got back from China said he

88
00:04:53,240 --> 00:04:55,280
Speaker 1: had a good, great meeting there, and he has an

89
00:04:55,320 --> 00:04:59,000
Speaker 1: alliance with China. Twice in this speech. It's at the

90
00:04:59,040 --> 00:05:01,719
Speaker 1: end of this he mentions human rights. Just keep in

91
00:05:01,760 --> 00:05:04,400
Speaker 1: mind the genocide of the Wigers, the crushing of Hong

92
00:05:04,480 --> 00:05:08,520
Speaker 1: Kong's freedoms, the ongoing threat to Taiwan, Jimmy Laive's imprisonment.

93
00:05:09,360 --> 00:05:12,839
Speaker 1: None of that distinguishes that Hedgemond from our being a Hegemont.

94
00:05:13,800 --> 00:05:19,000
Speaker 1: So the truth is hard truth. Canada lives under the

95
00:05:19,120 --> 00:05:21,919
Speaker 1: umbrella of the United States and has for eighty years.

96
00:05:22,080 --> 00:05:25,080
Speaker 1: It has its excellent standard of living because of the

97
00:05:25,080 --> 00:05:27,839
Speaker 1: freedom of the seas guaranteed by the United States Navy

98
00:05:28,680 --> 00:05:33,320
Speaker 1: and by our trade with them. When you hear Carney declared,

99
00:05:33,520 --> 00:05:38,000
Speaker 1: and you will Canada be an energy superpower, ask yourself

100
00:05:38,000 --> 00:05:40,159
Speaker 1: which countries doesn't sell its oil too? That would be

101
00:05:40,279 --> 00:05:44,640
Speaker 1: US mostly, And to which countries it could sell the

102
00:05:44,640 --> 00:05:48,920
Speaker 1: oil should freedom of the seas be contested? Justin Trudeau

103
00:05:49,040 --> 00:05:52,440
Speaker 1: was a clown right Mark Carney appears to be the

104
00:05:52,520 --> 00:05:55,880
Speaker 1: vain banker from the Bonfire of the Vanities by Tom

105
00:05:55,920 --> 00:05:59,400
Speaker 1: Will the master of the universe in an imaginary world.

106
00:06:00,200 --> 00:06:03,200
Speaker 1: Of course, he got a standing ovation at Davos for

107
00:06:03,240 --> 00:06:06,960
Speaker 1: his middle power at chess thumping. What in the world

108
00:06:06,960 --> 00:06:10,560
Speaker 1: has happened in Canada since the days of Harper and Mulroney,

109
00:06:11,040 --> 00:06:13,400
Speaker 1: I don't know, but that's on my mind today when

110
00:06:13,400 --> 00:06:16,960
Speaker 1: I talk with Kontinetti, with Ben Dominich, and we're going

111
00:06:17,000 --> 00:06:20,240
Speaker 1: to cover Jack Smith, We're going to cover Greenland, We're

112
00:06:20,240 --> 00:06:22,920
Speaker 1: going to cover everything that happened during the week, especially

113
00:06:22,960 --> 00:06:26,000
Speaker 1: whether or not President Trump should and will strike Iran.

114
00:06:26,040 --> 00:06:27,760
Speaker 1: That's the most important issue in the world. That's, by

115
00:06:27,760 --> 00:06:29,520
Speaker 1: the way, he doesn't mention that Karnee didn't mention the

116
00:06:29,560 --> 00:06:32,279
Speaker 1: fact that President Trump got rid of the nuclear program,

117
00:06:32,320 --> 00:06:36,200
Speaker 1: obliterated it to the benefit of the entire world, something

118
00:06:36,240 --> 00:06:38,599
Speaker 1: that no other power, the other hedgemond wasn't going to

119
00:06:38,600 --> 00:06:40,480
Speaker 1: do because the other hedgemon buys all of its oil

120
00:06:40,520 --> 00:06:43,440
Speaker 1: from Iran, which allows Iron to mo down fifteen thousand people.

121
00:06:43,720 --> 00:06:45,840
Speaker 1: Mark Corney doesn't know that you think I'm a little

122
00:06:45,839 --> 00:06:49,839
Speaker 1: bit upset with Mark carnieat he's a banker. It's like

123
00:06:52,160 --> 00:06:57,840
Speaker 1: Mayor Frye had submarines and oil that he's just basically

124
00:06:57,839 --> 00:07:01,000
Speaker 1: a blue state mayor, the blue state mayor of Canada.

125
00:07:01,240 --> 00:07:05,599
Speaker 1: Mark Carney. What a smarmy speech. But that just leads

126
00:07:05,640 --> 00:07:15,760
Speaker 1: us in to the big weekend pod enjoy. Welcome back, America.

127
00:07:15,880 --> 00:07:19,600
Speaker 1: I'm Hugh Hewett. I'm joined by Matt Contadenny, who is

128
00:07:19,640 --> 00:07:22,880
Speaker 1: of course head of domestic Policy Studies at the Canadian

129
00:07:23,080 --> 00:07:26,960
Speaker 1: Enterprise North the American Enterprise Institute. He's also the Canadian

130
00:07:27,040 --> 00:07:31,200
Speaker 1: Journal Wall Street Journal columnist, and he's just back from Canada.

131
00:07:31,280 --> 00:07:33,920
Speaker 1: I was going to call him the Kim Philby of Canada,

132
00:07:33,960 --> 00:07:37,080
Speaker 1: but I think Don McLean or Guy Burgess sounds more Canadian.

133
00:07:37,320 --> 00:07:40,000
Speaker 1: What were you doing up north in the land of

134
00:07:40,080 --> 00:07:41,160
Speaker 1: hockey and lander?

135
00:07:42,560 --> 00:07:47,800
Speaker 2: That's Flanders on my character, comparing me to those Cambridge spies. No,

136
00:07:48,000 --> 00:07:51,520
Speaker 2: I was in Canada engaged in high stakes diplomacy. Hugh

137
00:07:51,880 --> 00:07:55,400
Speaker 2: went to Toronto Wednesday evening, spent a whole twenty four

138
00:07:55,400 --> 00:07:57,680
Speaker 2: hours there with our northern neighbor.

139
00:07:58,000 --> 00:07:59,400
Speaker 3: Touchdown in Ottawa.

140
00:07:59,040 --> 00:08:02,080
Speaker 2: Briefly on my back to DC, and I can report

141
00:08:02,120 --> 00:08:07,400
Speaker 2: the following Canada is not happy with President Trump and

142
00:08:07,640 --> 00:08:10,280
Speaker 2: his rhetoric on Greenland or the fifty first state.

143
00:08:10,720 --> 00:08:12,040
Speaker 3: And so my job there was.

144
00:08:12,000 --> 00:08:15,600
Speaker 2: To explain what Trump is up to in shaping the

145
00:08:15,640 --> 00:08:19,760
Speaker 2: world in order to create kind of the sinews, restore

146
00:08:19,800 --> 00:08:23,920
Speaker 2: the sinews of Western civilization in preparation for the competition

147
00:08:24,000 --> 00:08:27,040
Speaker 2: with China. I'd like to think I convinced a few

148
00:08:27,080 --> 00:08:30,840
Speaker 2: of my Canadian friends, but it was tough going.

149
00:08:30,960 --> 00:08:33,200
Speaker 1: You need to sit down with Mark Kearney. Have you

150
00:08:33,280 --> 00:08:35,760
Speaker 1: listened to the Mark Kearney address at Davos yet?

151
00:08:37,000 --> 00:08:37,160
Speaker 3: Oh?

152
00:08:37,240 --> 00:08:40,160
Speaker 2: Yes, you know that speech was the talk of the

153
00:08:40,240 --> 00:08:43,760
Speaker 2: chattering class here in d C almost as soon as

154
00:08:43,800 --> 00:08:46,440
Speaker 2: it was delivered. And so ever curious, I went and

155
00:08:46,480 --> 00:08:48,679
Speaker 2: I looked it up. I watched the speech, and I

156
00:08:48,760 --> 00:08:50,160
Speaker 2: have to say, I don't know what all the fuss

157
00:08:50,200 --> 00:08:50,559
Speaker 2: was about.

158
00:08:50,600 --> 00:08:52,400
Speaker 1: Hugh Oh, I think it's one of them. More we

159
00:08:52,480 --> 00:08:57,560
Speaker 1: have anti American speeches because it's cowardly. He never mentioned

160
00:08:57,640 --> 00:09:00,920
Speaker 1: America or Donald Trump, but he talks about the Hedgemonds,

161
00:09:01,040 --> 00:09:04,200
Speaker 1: meaning that China and US are alike, and then he

162
00:09:04,280 --> 00:09:06,480
Speaker 1: runs through I'll just give you some of the highlights.

163
00:09:06,480 --> 00:09:07,240
Speaker 1: Cut number four.

164
00:09:07,880 --> 00:09:12,320
Speaker 3: We placed the sign in the window, We participated in

165
00:09:12,360 --> 00:09:16,959
Speaker 3: the rituals, and we largely avoided calling out the gaps

166
00:09:17,000 --> 00:09:23,360
Speaker 3: between rhetoric and reality. This bargain no longer works. Let

167
00:09:23,360 --> 00:09:27,120
Speaker 3: me be direct. We are in the midst of a rupture.

168
00:09:26,960 --> 00:09:31,000
Speaker 1: Not a transition, all right, Matt, A rupture. They are

169
00:09:31,040 --> 00:09:34,880
Speaker 1: not protected from the world without us. They depend upon

170
00:09:35,040 --> 00:09:39,280
Speaker 1: our nuclear umbrella, our military. They have four submarines, sixty

171
00:09:39,280 --> 00:09:41,960
Speaker 1: eight thousand soldiers. They spend less than two percent of

172
00:09:41,960 --> 00:09:46,720
Speaker 1: their GDP on national defense, and the oil they send

173
00:09:46,760 --> 00:09:49,720
Speaker 1: abroad is only because we maintain freedom of the seas.

174
00:09:49,800 --> 00:09:51,920
Speaker 1: If we didn't, they'd have to sell it all to us.

175
00:09:52,440 --> 00:09:55,440
Speaker 1: It was the most arrogant, two faced thing I have

176
00:09:55,520 --> 00:09:58,680
Speaker 1: heard from a world leader who depends upon America to

177
00:09:58,720 --> 00:10:02,360
Speaker 1: the extent that Canada does. It really enraged me, So

178
00:10:02,440 --> 00:10:03,360
Speaker 1: tell me why I'm wrong.

179
00:10:05,160 --> 00:10:06,360
Speaker 3: No, I don't think you're wrong.

180
00:10:07,040 --> 00:10:09,080
Speaker 2: I think there are two main problems with this speech

181
00:10:09,120 --> 00:10:12,160
Speaker 2: that Prime Minister carneg gave. The first one is there

182
00:10:12,240 --> 00:10:15,240
Speaker 2: was no action item. It was all rhetoric. It's all

183
00:10:15,320 --> 00:10:19,760
Speaker 2: quotations from Thucydides and Bossil of Hovel. But he never

184
00:10:19,800 --> 00:10:22,520
Speaker 2: said what he was going to do except have this liberal,

185
00:10:22,520 --> 00:10:27,080
Speaker 2: pluralistic society that he is oversees he governs in Canada.

186
00:10:27,440 --> 00:10:29,720
Speaker 2: But that what does that mean? Is he actually going

187
00:10:29,720 --> 00:10:31,679
Speaker 2: to spend more more money on defense? Is he going

188
00:10:31,720 --> 00:10:37,200
Speaker 2: to correct the wreckage that Justin Trudeau caused Canada through

189
00:10:37,240 --> 00:10:39,320
Speaker 2: socialism and through the Green New Deal?

190
00:10:39,720 --> 00:10:41,000
Speaker 3: You know, the Canadian economy.

191
00:10:41,800 --> 00:10:45,040
Speaker 2: America has opened up a tremendous gap in per capita

192
00:10:45,120 --> 00:10:50,480
Speaker 2: GDP and productivity with Canada. Canada has real domestic issues

193
00:10:50,679 --> 00:10:53,760
Speaker 2: that the United States did not cause, Canada caused them,

194
00:10:54,000 --> 00:10:56,199
Speaker 2: and he needs to address those. And the second thing

195
00:10:56,240 --> 00:10:58,520
Speaker 2: about the speech was I thought it was really really

196
00:10:58,640 --> 00:11:03,200
Speaker 2: rich because he delivered the speech obviously directed toward President Trump,

197
00:11:04,280 --> 00:11:07,079
Speaker 2: less than a week after he met with Sijinping, Yes,

198
00:11:07,480 --> 00:11:12,800
Speaker 2: who does not believe in freedom, wants to set the

199
00:11:12,880 --> 00:11:16,160
Speaker 2: rules of this new world order in a way that

200
00:11:16,400 --> 00:11:21,520
Speaker 2: would disadvantage any country not named China. And Carney there

201
00:11:21,720 --> 00:11:26,520
Speaker 2: was extremely solicitous, even slavish, towards Si Jinping. And so

202
00:11:26,520 --> 00:11:30,200
Speaker 2: if you're going to quote Vaslovhavel about speaking truth to power,

203
00:11:30,960 --> 00:11:33,600
Speaker 2: why don't you do it to the Chinese communist dictator?

204
00:11:34,080 --> 00:11:37,439
Speaker 2: And instead of going up to the applause of Eurocrats

205
00:11:37,720 --> 00:11:39,360
Speaker 2: in Davos, Switzerland.

206
00:11:38,880 --> 00:11:42,560
Speaker 1: Thank you, Because at that meeting with Jijenping, he said,

207
00:11:42,600 --> 00:11:44,600
Speaker 1: we're entering into an alliance. And I thought, oh, the

208
00:11:44,600 --> 00:11:46,920
Speaker 1: Whiggers will love that. And I thought, Jimmy laies in

209
00:11:46,960 --> 00:11:49,320
Speaker 1: a prison cell, and I thought, to what, Taiwan is

210
00:11:49,360 --> 00:11:52,439
Speaker 1: being threatened every day, and that Hong Kong has been crushed.

211
00:11:52,880 --> 00:11:56,000
Speaker 1: And he talks in this speech about the hedgemon. It's

212
00:11:56,000 --> 00:11:59,840
Speaker 1: clearly China enough that I don't really really know how

213
00:11:59,840 --> 00:12:03,640
Speaker 1: to absorb this other than he is of the It's

214
00:12:03,640 --> 00:12:06,800
Speaker 1: like Jacob Fry with submarines. He's of the banking class,

215
00:12:07,320 --> 00:12:10,959
Speaker 1: and the banking class likes China because they do a

216
00:12:11,040 --> 00:12:13,400
Speaker 1: lot of business with China. Am I two hearts.

217
00:12:13,400 --> 00:12:18,800
Speaker 2: Well, you're right about the banking class and the financial elite.

218
00:12:19,200 --> 00:12:21,120
Speaker 2: But I think there's another thing at work here, Hugh,

219
00:12:21,160 --> 00:12:23,280
Speaker 2: and that is domestic Canadian politics.

220
00:12:23,480 --> 00:12:23,959
Speaker 1: Not true.

221
00:12:24,000 --> 00:12:27,480
Speaker 2: You know, the thing about nationalism is every nation has it,

222
00:12:28,360 --> 00:12:32,240
Speaker 2: and so we have American nationalism through President Trump, but

223
00:12:32,400 --> 00:12:36,600
Speaker 2: sometime he's awaken nationalism in India and in China traditionally

224
00:12:36,640 --> 00:12:39,040
Speaker 2: allies of ours, and so Carney was playing through a

225
00:12:39,040 --> 00:12:43,480
Speaker 2: domestic audience as well, and I can report it's way

226
00:12:43,480 --> 00:12:44,000
Speaker 2: he liked it.

227
00:12:44,520 --> 00:12:46,600
Speaker 1: When we come back, I'm talking with Matt during the

228
00:12:46,600 --> 00:12:51,840
Speaker 1: break about the new superstar of American of repartee, Scott Fassen.

229
00:12:52,160 --> 00:12:53,839
Speaker 1: And then when we turn back on the other day,

230
00:12:54,200 --> 00:13:05,880
Speaker 1: Jack Trump Wiltennet, I'm back with Matt Connetty to play

231
00:13:05,960 --> 00:13:09,200
Speaker 1: from at two pieces of Scott Bessant and Davos if

232
00:13:09,240 --> 00:13:11,280
Speaker 1: you may have missed it. First of all, here's Scott

233
00:13:11,440 --> 00:13:15,280
Speaker 1: Bessant talking about Gavin Newsom and Davos on Tuesday cut

234
00:13:15,440 --> 00:13:19,160
Speaker 1: number eleven. I think it's very, very.

235
00:13:21,720 --> 00:13:25,240
Speaker 4: Ironic that you know Governor Newsom, who strikes me as

236
00:13:25,320 --> 00:13:30,280
Speaker 4: Patrick Bateman Sparkle beach Ken maybe the only California.

237
00:13:29,880 --> 00:13:32,559
Speaker 1: Enough good enough. And then cut number eight.

238
00:13:34,040 --> 00:13:35,760
Speaker 3: We've seen the.

239
00:13:37,679 --> 00:13:45,200
Speaker 4: Lack of energy security from this manic push for net zero,

240
00:13:45,480 --> 00:13:49,160
Speaker 4: which I think we've seen in some recent scientific journals,

241
00:13:49,240 --> 00:13:53,000
Speaker 4: has been pushed back. Even Bill Gates is saying the

242
00:13:54,320 --> 00:13:56,319
Speaker 4: one degree, two degrees, three degrees.

243
00:13:56,800 --> 00:13:57,840
Speaker 3: I'm not sure it matters.

244
00:13:58,880 --> 00:14:00,960
Speaker 4: If you look at what he's doing with his own money,

245
00:14:01,640 --> 00:14:04,280
Speaker 4: it looks like he believes we're going to innovate our

246
00:14:04,400 --> 00:14:09,320
Speaker 4: way out of any perceived climate problem.

247
00:14:09,480 --> 00:14:12,880
Speaker 3: So I think that's on one side. And then again

248
00:14:13,600 --> 00:14:14,400
Speaker 3: I think this.

249
00:14:15,000 --> 00:14:18,400
Speaker 4: I think we almost reached a Saturday Night Live moment

250
00:14:18,840 --> 00:14:21,440
Speaker 4: a few years ago when it was you're not going

251
00:14:21,520 --> 00:14:23,960
Speaker 4: to own anything, You're going to eat insects.

252
00:14:24,400 --> 00:14:26,600
Speaker 3: I mean it was just the inmates were running the

253
00:14:26,640 --> 00:14:29,280
Speaker 3: asylum at that well.

254
00:14:29,840 --> 00:14:33,480
Speaker 4: I can tell you, after a few days of Swiss

255
00:14:33,560 --> 00:14:35,360
Speaker 4: German food, I may switch to bugs.

256
00:14:37,160 --> 00:14:40,400
Speaker 1: Got Eddy who knew that gott Besson was going to

257
00:14:40,480 --> 00:14:43,280
Speaker 1: be up there with Marco Rubio for verbal dexterity?

258
00:14:44,920 --> 00:14:45,520
Speaker 5: Yes, you know, Q.

259
00:14:45,760 --> 00:14:47,920
Speaker 2: As soon as we finished last week's interview where we

260
00:14:48,000 --> 00:14:50,440
Speaker 2: were talking about some of the great communicators in Donald

261
00:14:50,440 --> 00:14:54,000
Speaker 2: Trump's cabinet, I slapped my forehead and said I left

262
00:14:54,040 --> 00:14:57,360
Speaker 2: out Scott Besson and sure enough, he showed why he's

263
00:14:57,440 --> 00:15:00,440
Speaker 2: one of the more effective communicators in this The other

264
00:15:00,520 --> 00:15:05,480
Speaker 2: thing about Besson is he established a profile in financial

265
00:15:05,560 --> 00:15:09,520
Speaker 2: markets long before the Trump era began, and like Donald Trump,

266
00:15:09,560 --> 00:15:13,280
Speaker 2: he was a politically independent character. Right, but he has

267
00:15:13,560 --> 00:15:17,520
Speaker 2: I think seen the light through the Biden Harris years

268
00:15:17,880 --> 00:15:21,400
Speaker 2: and the Obama years, but the dangers of government regulation,

269
00:15:22,080 --> 00:15:26,680
Speaker 2: high taxes, spending, all of the different energy regulations that

270
00:15:26,800 --> 00:15:30,320
Speaker 2: limit growth. And so he's become a warrior for markets

271
00:15:30,360 --> 00:15:33,440
Speaker 2: and for the Trump agenda, and he's entertaining. I mean

272
00:15:33,480 --> 00:15:37,240
Speaker 2: that line about Newsom was extremely cutting, to the point

273
00:15:37,280 --> 00:15:41,000
Speaker 2: where I think it left Governor Newsom speechless for a moment,

274
00:15:41,080 --> 00:15:42,680
Speaker 2: which is a rare occurrence.

275
00:15:42,760 --> 00:15:46,480
Speaker 1: Indeed, it's going to leave on Mark sparkle Ken is

276
00:15:46,600 --> 00:15:49,960
Speaker 1: going to leave on Mark Matt Continey. We've talked about

277
00:15:50,040 --> 00:15:54,000
Speaker 1: Joseph Epstein before, the soul of wit and written word.

278
00:15:54,520 --> 00:15:56,920
Speaker 1: How do you know when you when you have wit?

279
00:15:57,480 --> 00:16:00,360
Speaker 1: Because obviously Scott Besson has wit. We got we got

280
00:16:00,400 --> 00:16:01,600
Speaker 1: a minute. What is wit?

281
00:16:02,240 --> 00:16:02,360
Speaker 5: You know?

282
00:16:03,600 --> 00:16:08,040
Speaker 2: It's a quickness, it's the comeback. It's being able to

283
00:16:08,200 --> 00:16:11,960
Speaker 2: turn a phrase on a dime in response to something

284
00:16:12,120 --> 00:16:16,000
Speaker 2: somebody has said or something that occurs. Joseph Epstein has,

285
00:16:16,240 --> 00:16:19,080
Speaker 2: Scott Besen has it. Of course, in my view, the

286
00:16:19,160 --> 00:16:22,720
Speaker 2: founder of American Conservatism, William F. Buckley grow is the

287
00:16:22,840 --> 00:16:26,480
Speaker 2: exemplar of wit because he was able to come up

288
00:16:26,520 --> 00:16:29,160
Speaker 2: with a one liner really just at the drop of

289
00:16:29,200 --> 00:16:29,480
Speaker 2: a hat.

290
00:16:29,680 --> 00:16:34,400
Speaker 1: It's a superpower. Trump, by the way, recognizes wit, but

291
00:16:34,560 --> 00:16:37,280
Speaker 1: he doesn't practice it very often. He can get off

292
00:16:37,320 --> 00:16:38,880
Speaker 1: a good one liner once in a while, but he

293
00:16:39,000 --> 00:16:42,720
Speaker 1: recognizes it always as a good entertainer. Next Jack Smith,

294
00:16:42,880 --> 00:16:47,760
Speaker 1: after the break, stay tuned, Welcome back to and you

295
00:16:47,920 --> 00:16:50,480
Speaker 1: do it? Maat Cottonetty is with me, of course. Matt

296
00:16:50,720 --> 00:16:52,760
Speaker 1: is with the Wall Street Journal, way right a column.

297
00:16:53,200 --> 00:16:56,280
Speaker 1: He's also head of Domestic policy Studies at the American

298
00:16:56,440 --> 00:17:01,360
Speaker 1: Enterprise Institute and our special envoy to Canada. Uh Matt

299
00:17:02,160 --> 00:17:05,760
Speaker 1: last night. You know, Britt Brett Behar is so good

300
00:17:05,840 --> 00:17:08,280
Speaker 1: at what he does with the panel. He realizes when

301
00:17:08,320 --> 00:17:10,720
Speaker 1: he has to stretch the moment because smoke is coming

302
00:17:10,760 --> 00:17:13,760
Speaker 1: out of someone's ears. I had a Democrat on who

303
00:17:13,840 --> 00:17:16,640
Speaker 1: said Jack Smith did great yesterday and it was wonderful,

304
00:17:16,680 --> 00:17:19,520
Speaker 1: and he showed him up. And then Brett turned to

305
00:17:19,560 --> 00:17:24,000
Speaker 1: me and said, Hugh cut number three. Hugh final word,

306
00:17:24,160 --> 00:17:27,320
Speaker 1: oh oh he I think Jack Smith effectively killed the

307
00:17:27,359 --> 00:17:31,000
Speaker 1: appointment of special prosecutors. Today, I think Eileen Cannon's decision

308
00:17:31,359 --> 00:17:34,560
Speaker 1: that she ruled his appointment on constitutional has been validated.

309
00:17:34,840 --> 00:17:37,040
Speaker 1: He did not give answers, he gave evasions, and I

310
00:17:37,160 --> 00:17:38,720
Speaker 1: believe that that will go down as one of the

311
00:17:38,800 --> 00:17:42,199
Speaker 1: worst appearances before Congressional history, the other that I can

312
00:17:42,240 --> 00:17:45,480
Speaker 1: actually remember in real time. So there was a differenceive

313
00:17:45,520 --> 00:17:47,720
Speaker 1: opinion on the panel. What did you think of Jack

314
00:17:47,800 --> 00:17:50,560
Speaker 1: Smith before the House Judiciary or Oversight Committee.

315
00:17:52,119 --> 00:17:53,880
Speaker 2: I think it showed that he was the wrong man

316
00:17:54,240 --> 00:17:57,480
Speaker 2: for the job. He wasn't prepared for these questions, and

317
00:17:57,560 --> 00:17:59,840
Speaker 2: there are real questions. I mean, there are questions about

318
00:18:00,640 --> 00:18:06,120
Speaker 2: his approach to the First Amendment and whether Trump's actions

319
00:18:06,680 --> 00:18:10,680
Speaker 2: surrounding January sixth are exercise as a free speech, which

320
00:18:10,720 --> 00:18:13,720
Speaker 2: I think there were. He showed lack of judgment on immunity,

321
00:18:14,160 --> 00:18:16,160
Speaker 2: taking the case all the way to the Supreme Court

322
00:18:16,600 --> 00:18:19,159
Speaker 2: and losing it. There are questions about the speech and

323
00:18:19,240 --> 00:18:23,040
Speaker 2: debate clause, which I think representative guilt really got into

324
00:18:23,160 --> 00:18:27,160
Speaker 2: when describing the way in which they pursued under arctic frosts.

325
00:18:27,240 --> 00:18:32,280
Speaker 2: The communications of senior congressional leaders, including describing former Speaker

326
00:18:32,359 --> 00:18:33,399
Speaker 2: Kevin McCarthy.

327
00:18:33,080 --> 00:18:34,520
Speaker 3: As a potential flight risk.

328
00:18:34,760 --> 00:18:36,600
Speaker 2: Now there's one thing I know about Kevin McCarthy.

329
00:18:36,760 --> 00:18:37,640
Speaker 5: He's not a flight risk.

330
00:18:37,680 --> 00:18:38,960
Speaker 1: No, he's not a flight risk.

331
00:18:39,560 --> 00:18:41,760
Speaker 2: And then you know, you think about you think about

332
00:18:41,760 --> 00:18:45,560
Speaker 2: Smith's resume and his case against Bob McDonnell, which was

333
00:18:45,600 --> 00:18:49,200
Speaker 2: then thrown out by the Supreme Court. So you have

334
00:18:49,400 --> 00:18:51,159
Speaker 2: here a kind of a pattern on the part of

335
00:18:51,240 --> 00:18:53,760
Speaker 2: Jack Smith. And he is a relentless prosecutor. But I

336
00:18:53,840 --> 00:18:58,080
Speaker 2: think one who is so determined to indict that he

337
00:18:58,320 --> 00:19:01,240
Speaker 2: is ready to kind of walk all over the Constitution

338
00:19:01,359 --> 00:19:02,000
Speaker 2: in the process.

339
00:19:02,160 --> 00:19:06,160
Speaker 1: I keep referencing Javert from Lea Mease, and I wonder

340
00:19:06,359 --> 00:19:11,320
Speaker 1: my question is did Merrick Garland know that and want that,

341
00:19:12,160 --> 00:19:14,119
Speaker 1: or did he make a mistake. I know that Eileen

342
00:19:14,280 --> 00:19:17,600
Speaker 1: Cannon's opinion needs to be revisited by everyone. She held

343
00:19:17,640 --> 00:19:22,120
Speaker 1: his appointment is unconstitutional because he had never been confirmed

344
00:19:22,160 --> 00:19:24,520
Speaker 1: as a prosecutor, for example, as the US Attorney would

345
00:19:24,520 --> 00:19:28,040
Speaker 1: be and the prosecutory power. Robert Jackson wrote a very

346
00:19:28,080 --> 00:19:30,280
Speaker 1: great I gave a great speech actually a Department of

347
00:19:30,400 --> 00:19:32,639
Speaker 1: Justice to prosecutors about how dangerous it is to be

348
00:19:32,680 --> 00:19:34,960
Speaker 1: a state prosecutor. He had to be careful. Do you

349
00:19:35,080 --> 00:19:38,399
Speaker 1: think Garland knew what he was getting or just screwed up?

350
00:19:40,280 --> 00:19:42,600
Speaker 2: He must have known. I mean, Merrick Garland has been

351
00:19:42,680 --> 00:19:45,879
Speaker 2: around Washington, d C. For a very long time. He

352
00:19:46,000 --> 00:19:48,880
Speaker 2: knows about Jack Smith, and he knows about his relationships

353
00:19:49,080 --> 00:19:53,320
Speaker 2: with Komee and Fitzgerald and that whole crew. So I

354
00:19:53,440 --> 00:19:55,800
Speaker 2: think he had a sense of what was going to happen,

355
00:19:56,359 --> 00:20:00,240
Speaker 2: and it backfired. And we know that primary reason Donald

356
00:20:00,240 --> 00:20:03,480
Speaker 2: Trump as president today, not just the total collapse of

357
00:20:03,520 --> 00:20:08,359
Speaker 2: the Biden administration, not just Donald Trump's own extraordinary resilience

358
00:20:08,400 --> 00:20:11,200
Speaker 2: and talent, But it's because of the Lawfair. It's because

359
00:20:11,200 --> 00:20:15,080
Speaker 2: of the Lawfair that was spearheaded by Jack Smith. So

360
00:20:15,200 --> 00:20:17,080
Speaker 2: I think this is a moment where we need to

361
00:20:17,160 --> 00:20:19,080
Speaker 2: look in the mirror. But you know, Hugh, I was

362
00:20:19,160 --> 00:20:21,600
Speaker 2: hoping you'd ask me about the Oscar picks, well, like

363
00:20:21,760 --> 00:20:24,000
Speaker 2: you've been asking people about then Oscar nominee.

364
00:20:24,040 --> 00:20:25,680
Speaker 3: I asked, if there's my chance.

365
00:20:25,560 --> 00:20:27,439
Speaker 6: To weigh in, Well, there are ten of them. Did

366
00:20:27,520 --> 00:20:30,960
Speaker 6: you see any of the ten out now? I've only

367
00:20:31,040 --> 00:20:33,720
Speaker 6: seen one of the ten, and that's f one me too.

368
00:20:33,960 --> 00:20:37,240
Speaker 6: I did not see in the theater and I thoroughly enjoyed.

369
00:20:37,320 --> 00:20:39,480
Speaker 2: So as soon as you said that earlier this week,

370
00:20:39,560 --> 00:20:42,120
Speaker 2: I said, Okay, I'm rooting for f one to win

371
00:20:42,359 --> 00:20:43,520
Speaker 2: the Picture of the Year now.

372
00:20:43,600 --> 00:20:45,680
Speaker 1: But I want to ask you about the most important

373
00:20:45,720 --> 00:20:48,520
Speaker 1: question in the world, and it really is should Donald

374
00:20:48,560 --> 00:20:51,879
Speaker 1: Trump hit Iran harder than it's ever been hit? As

375
00:20:51,920 --> 00:20:54,399
Speaker 1: he pledged in me, if they would kill people? And

376
00:20:54,800 --> 00:20:55,720
Speaker 1: do you think he will?

377
00:20:57,720 --> 00:20:59,800
Speaker 3: He needs to take action. You know, he drew a

378
00:21:00,200 --> 00:21:02,960
Speaker 3: line there. He has called for new leadership.

379
00:21:03,600 --> 00:21:06,960
Speaker 2: He has sent this signal of force by sending the

380
00:21:07,080 --> 00:21:11,760
Speaker 2: aircraft carrier group back into the region, and he's told

381
00:21:11,800 --> 00:21:13,680
Speaker 2: the Iranian people that help is on the way.

382
00:21:14,400 --> 00:21:15,880
Speaker 3: So action needs to be taken.

383
00:21:16,200 --> 00:21:19,480
Speaker 2: You know, they've stepped up sanctions, they've stepped up the

384
00:21:19,560 --> 00:21:23,000
Speaker 2: maximum pressure. But I do think that a strike directed

385
00:21:23,080 --> 00:21:26,200
Speaker 2: at kind of the pillars of the regime security state,

386
00:21:26,320 --> 00:21:31,159
Speaker 2: in particular the Basiji militias and the IRGC, which has

387
00:21:31,240 --> 00:21:34,560
Speaker 2: caused so much havoc in the region and killed Americans,

388
00:21:35,080 --> 00:21:38,439
Speaker 2: would be completely justified, and it would back up President

389
00:21:38,440 --> 00:21:42,320
Speaker 2: Trump's credibility, and it would extend America's deterrence, and it

390
00:21:42,359 --> 00:21:46,359
Speaker 2: would help the Iranian people who clearly believe that this

391
00:21:46,520 --> 00:21:49,520
Speaker 2: government is illegitimate and should fall.

392
00:21:49,840 --> 00:21:52,720
Speaker 1: Now there's a question which requires a little bit of prophecy.

393
00:21:53,480 --> 00:21:56,920
Speaker 1: Barack Obama will never escape erasing the red Line. Joe

394
00:21:56,960 --> 00:22:00,760
Speaker 1: Biden will never escape the collapse in Afghanistan. Donald Trump

395
00:22:00,800 --> 00:22:03,320
Speaker 1: has already done the world a great thing by obliterating

396
00:22:03,480 --> 00:22:07,560
Speaker 1: a nuclear program and by grabbing Maduro. But we're walking

397
00:22:07,720 --> 00:22:12,560
Speaker 1: back from the threat of force. Here be a lasting

398
00:22:12,680 --> 00:22:16,240
Speaker 1: mark on his legacy. As the historians assessed the Trump presidency.

399
00:22:17,840 --> 00:22:21,440
Speaker 2: I think Trump's goal should be that there are new

400
00:22:21,480 --> 00:22:25,359
Speaker 2: governments in Venezuela, Iran, and Cuba by the time he

401
00:22:25,480 --> 00:22:29,600
Speaker 2: leaves office. And what a blow for freedom it would

402
00:22:29,640 --> 00:22:32,960
Speaker 2: be if that was the case. He's removed Maduro from

403
00:22:33,040 --> 00:22:37,720
Speaker 2: Venezuela and he is working with the regime now, but

404
00:22:37,960 --> 00:22:39,920
Speaker 2: clearly there will be pressure as there should be, to

405
00:22:40,040 --> 00:22:44,400
Speaker 2: transition to democracy in Venezuela. He has made this pledge

406
00:22:44,960 --> 00:22:47,440
Speaker 2: to the people of Iran. He has done more to

407
00:22:47,560 --> 00:22:51,119
Speaker 2: weaken in Iran in working with of course Benjamin and

408
00:22:51,320 --> 00:22:55,200
Speaker 2: Yahoo in Israel, than any other American president.

409
00:22:56,000 --> 00:22:57,280
Speaker 3: And now we have news that.

410
00:22:57,440 --> 00:23:00,800
Speaker 2: He's going to really ramp up the pressure on Cuba,

411
00:23:01,080 --> 00:23:03,800
Speaker 2: which is you know, in kind of the final end

412
00:23:03,920 --> 00:23:07,280
Speaker 2: state the communist government there. So I think on all

413
00:23:07,359 --> 00:23:11,280
Speaker 2: three fronts, he should continue the strategy he's been pursuing,

414
00:23:11,640 --> 00:23:15,720
Speaker 2: with the ultimate goal of visiting free capitals in all

415
00:23:15,800 --> 00:23:19,959
Speaker 2: three nations when he leaves office or shortly thereafter.

416
00:23:20,240 --> 00:23:24,040
Speaker 1: And one minute Matt In March of twenty eighty three,

417
00:23:24,160 --> 00:23:26,920
Speaker 1: Ronald Reagan gave an SDI speech which was mocked, I

418
00:23:27,000 --> 00:23:32,439
Speaker 1: mean really mocked, mercilessly mocked as Star Wars and Israel

419
00:23:32,520 --> 00:23:34,880
Speaker 1: had the Iron dram as a result. Do you think

420
00:23:34,960 --> 00:23:38,320
Speaker 1: the Greenland gambit for Golden Dome will look forty years

421
00:23:38,359 --> 00:23:40,800
Speaker 1: from now like a very smart move or will not

422
00:23:40,960 --> 00:23:41,560
Speaker 1: be remembered.

423
00:23:43,720 --> 00:23:46,160
Speaker 2: No, I will be a smart move. I mean, greenland

424
00:23:46,200 --> 00:23:50,080
Speaker 2: strategic importance is clear. It's obvious to everybody. It's obvious

425
00:23:50,119 --> 00:23:52,359
Speaker 2: to Russia and China. That's why Trump has made this

426
00:23:52,440 --> 00:23:54,920
Speaker 2: play for it now. I think he rattled a lot

427
00:23:54,960 --> 00:23:57,280
Speaker 2: of cages when he wouldn't rule out the use of force,

428
00:23:57,359 --> 00:23:59,399
Speaker 2: and that's why it was important this week that he

429
00:23:59,440 --> 00:24:02,200
Speaker 2: said he would not use force to take Greenland. But

430
00:24:02,280 --> 00:24:05,119
Speaker 2: it's certainly the case that America needs to increase our

431
00:24:05,160 --> 00:24:08,960
Speaker 2: presence there and we need to build missile defenses in

432
00:24:09,119 --> 00:24:12,520
Speaker 2: order to protect our nation from nuclear armed superpowers.

433
00:24:13,119 --> 00:24:15,960
Speaker 1: Always good to talk with you, Matt Continetty. Follow Matt

434
00:24:16,040 --> 00:24:18,760
Speaker 1: Continetty read him in the Wall Street Journal on exit

435
00:24:18,920 --> 00:24:22,840
Speaker 1: just at Cottonady, and we'll get the latest update from

436
00:24:22,920 --> 00:24:26,879
Speaker 1: our special envoys from Canada next week. Don't go anywhere America.

437
00:24:26,880 --> 00:24:27,480
Speaker 1: I stay tuned.

438
00:24:27,520 --> 00:24:28,400
Speaker 5: It is in Hewig show.

439
00:24:28,520 --> 00:24:31,000
Speaker 1: Oh, Ben Dominis did come just in time for me

440
00:24:31,119 --> 00:24:33,720
Speaker 1: to announce Mark Kearney, Ben, how are you?

441
00:24:35,640 --> 00:24:40,520
Speaker 5: I I'm doing well. I apologize. Megan woke up, so

442
00:24:40,680 --> 00:24:41,480
Speaker 5: she now has the baby.

443
00:24:41,720 --> 00:24:44,919
Speaker 1: Oh that's okay. Young fathers don't have to ever apologize

444
00:24:44,960 --> 00:24:45,879
Speaker 1: for any And.

445
00:24:46,119 --> 00:24:48,800
Speaker 5: There was no way I tried. I tried, I could not.

446
00:24:49,080 --> 00:24:51,560
Speaker 1: If you had better get to the store before the

447
00:24:51,680 --> 00:24:53,119
Speaker 1: snow comes, because I have.

448
00:24:53,680 --> 00:24:57,440
Speaker 5: I have spent approximately seven thousand dollars good good, good

449
00:24:57,480 --> 00:24:59,159
Speaker 5: good orders in the last Yeah.

450
00:24:59,520 --> 00:25:03,120
Speaker 1: Don't show, it doesn't matter. Don't hurt your back. You've

451
00:25:03,119 --> 00:25:03,760
Speaker 1: got the baby.

452
00:25:04,119 --> 00:25:06,720
Speaker 5: Oh no, no, I have two different kinds of ice

453
00:25:06,800 --> 00:25:09,920
Speaker 5: melting assault. So I'm good.

454
00:25:10,960 --> 00:25:14,080
Speaker 1: I want to focus on Mark Kearney. Did you listen

455
00:25:14,160 --> 00:25:15,400
Speaker 1: to his speech at Davos?

456
00:25:16,320 --> 00:25:18,200
Speaker 5: Not only did I listen to it, I let off

457
00:25:18,280 --> 00:25:20,600
Speaker 5: with it on the Big Ben Show. I know it

458
00:25:20,960 --> 00:25:27,680
Speaker 5: and I found I found it refreshingly honest. I don't

459
00:25:27,760 --> 00:25:29,600
Speaker 5: know what your opinion of Oh.

460
00:25:29,560 --> 00:25:33,159
Speaker 1: I hated it. I think he's cowardly and hypocritical. So

461
00:25:33,440 --> 00:25:35,120
Speaker 1: well we have a difference of opinion.

462
00:25:35,600 --> 00:25:38,879
Speaker 5: Yeah, no, that's okay. What I also thought, though, is

463
00:25:38,960 --> 00:25:41,240
Speaker 5: that this is not something that he's going to bye

464
00:25:41,320 --> 00:25:44,280
Speaker 5: by in any real way. It's not something that he

465
00:25:44,680 --> 00:25:48,840
Speaker 5: truly in on a on a Hypocritical is a good

466
00:25:48,840 --> 00:25:51,280
Speaker 5: word for him, because this is something that I think

467
00:25:52,119 --> 00:25:55,560
Speaker 5: a smart person recognizes, but then he takes the wrong

468
00:25:55,720 --> 00:25:59,280
Speaker 5: lesson from it, meaning that I think that this, this

469
00:25:59,400 --> 00:26:02,399
Speaker 5: whole you know, admission that like, oh we were actually

470
00:26:02,560 --> 00:26:06,520
Speaker 5: just depending on the Americans all along, is honest and

471
00:26:06,720 --> 00:26:10,000
Speaker 5: is refreshing. I think that the next step though, of

472
00:26:10,160 --> 00:26:12,800
Speaker 5: saying well, because of that, you know, I mean, the

473
00:26:12,880 --> 00:26:17,040
Speaker 5: implication is basically we need to expand the nuclear umbrellas.

474
00:26:17,119 --> 00:26:18,720
Speaker 5: I mean it just if you take it to the

475
00:26:18,880 --> 00:26:22,240
Speaker 5: end game of this you know too, And I think

476
00:26:22,280 --> 00:26:24,399
Speaker 5: that that's something that is going to be terrible for

477
00:26:24,680 --> 00:26:27,159
Speaker 5: Europe and for global stability, and you're going to have well,

478
00:26:27,200 --> 00:26:27,760
Speaker 5: they're not going to.

479
00:26:27,800 --> 00:26:30,640
Speaker 1: Do it though, Ben, this was fact. This is fact

480
00:26:30,680 --> 00:26:33,720
Speaker 1: free posturing. I don't think so. Because they've got forty

481
00:26:33,720 --> 00:26:37,240
Speaker 1: two million people, their GDP is two point four trillion dollars.

482
00:26:37,720 --> 00:26:41,040
Speaker 1: They're spending a grand total of eighty two million dollars

483
00:26:41,119 --> 00:26:43,280
Speaker 1: over the next five years to get to two percent.

484
00:26:43,960 --> 00:26:46,760
Speaker 1: He said in the course of this speak, I've got submarines.

485
00:26:46,800 --> 00:26:46,960
Speaker 7: You know.

486
00:26:47,320 --> 00:26:50,600
Speaker 1: He got four submarines. Four Yes, one was built in

487
00:26:50,640 --> 00:26:53,199
Speaker 1: twenty fifteen, the other three were built in two thousand

488
00:26:53,200 --> 00:26:56,120
Speaker 1: and three, in two thousand. He's got no. Sixty eight

489
00:26:56,200 --> 00:26:59,960
Speaker 1: thousand active duty troops, twenty seven thousand reserve. He's not Finland.

490
00:27:00,960 --> 00:27:03,800
Speaker 5: By the way. The funniest thing about the Greenland deployment

491
00:27:03,960 --> 00:27:05,800
Speaker 5: that I said to a friend of mine, and that

492
00:27:05,920 --> 00:27:09,480
Speaker 5: friend with Lucas Tomlinson, by the way, it was I

493
00:27:09,600 --> 00:27:12,520
Speaker 5: was like, oh, so that's what fifty percent of their force. Yeah,

494
00:27:12,760 --> 00:27:14,760
Speaker 5: they're venting the Greenland.

495
00:27:17,280 --> 00:27:20,200
Speaker 1: But what really, what really gets my goat is when

496
00:27:20,240 --> 00:27:23,840
Speaker 1: he talks about the Hedgemonds, like we're the same thing,

497
00:27:24,160 --> 00:27:26,879
Speaker 1: all right. He can sell oil to China because we

498
00:27:27,080 --> 00:27:30,119
Speaker 1: protect freedom of the seas. If there isn't freedom of

499
00:27:30,200 --> 00:27:32,840
Speaker 1: the season, China's not buying. He can only sell his

500
00:27:32,960 --> 00:27:35,280
Speaker 1: oil to us, don't.

501
00:27:35,040 --> 00:27:37,119
Speaker 5: You think, But don't you think it's useful to at

502
00:27:37,240 --> 00:27:39,920
Speaker 5: least have someone get up on that stage who isn't

503
00:27:39,960 --> 00:27:44,960
Speaker 5: Donald Trump and say we cannot continue this fiction that

504
00:27:45,119 --> 00:27:50,600
Speaker 5: we are all living in. This this the system of

505
00:27:50,840 --> 00:27:55,760
Speaker 5: a rules based international order where you know, we are all,

506
00:27:55,880 --> 00:27:59,920
Speaker 5: you know, sort of existing underneath some type of inner

507
00:28:00,119 --> 00:28:03,560
Speaker 5: national law and agreement. We're all sort of in the

508
00:28:03,640 --> 00:28:04,800
Speaker 5: room together, kumbaya.

509
00:28:05,080 --> 00:28:06,840
Speaker 1: There are two ways to say it. The way you

510
00:28:07,000 --> 00:28:09,120
Speaker 1: just said it, or the way and by the way.

511
00:28:09,280 --> 00:28:11,320
Speaker 1: The reason we aren't is because China got into the

512
00:28:11,520 --> 00:28:15,439
Speaker 1: WTO and cheated. They steal intellectual property, they do dumping,

513
00:28:15,960 --> 00:28:18,960
Speaker 1: they don't care about the environment, they use dirty coal,

514
00:28:19,119 --> 00:28:20,760
Speaker 1: and they've imprisoned a million week.

515
00:28:20,680 --> 00:28:24,040
Speaker 5: Nineties China policy just like the worst things, like the

516
00:28:24,160 --> 00:28:27,440
Speaker 5: biggest mistake that we made and will and I will

517
00:28:27,520 --> 00:28:30,119
Speaker 5: say we because I was totally I mean, I mean

518
00:28:30,200 --> 00:28:32,359
Speaker 5: so is I. I was in favor of it, and

519
00:28:32,440 --> 00:28:33,960
Speaker 5: I thought I thought this was the way to go,

520
00:28:34,640 --> 00:28:37,159
Speaker 5: you know, bring them in. You know, have have have

521
00:28:37,320 --> 00:28:39,720
Speaker 5: most favorite nation status, have to have you know, trade

522
00:28:39,880 --> 00:28:43,040
Speaker 5: have that you know, be something that increases alliances with

523
00:28:43,120 --> 00:28:46,080
Speaker 5: the West, and instead it's about exporting their values and

524
00:28:46,200 --> 00:28:47,120
Speaker 5: not importing ours.

525
00:28:47,240 --> 00:28:49,280
Speaker 1: And that just you know, you're going to read a

526
00:28:49,360 --> 00:28:52,040
Speaker 1: book to your little boy one day called Willie the Wimp,

527
00:28:52,560 --> 00:28:54,880
Speaker 1: because every little four year old loves it. Have you

528
00:28:55,080 --> 00:28:58,240
Speaker 1: have you seen it? It's a gorilla analy and chimpanzee

529
00:28:58,880 --> 00:29:01,600
Speaker 1: and and Willy the whimp, and the chimpanzee is his

530
00:29:01,720 --> 00:29:04,880
Speaker 1: giant chimpanzee, and the giant chimpanzee takes care of the

531
00:29:04,920 --> 00:29:07,959
Speaker 1: little monkey. And that's what we are. We're the giant

532
00:29:08,080 --> 00:29:11,800
Speaker 1: gorilla and they are the little monkey. And I'm glad

533
00:29:11,880 --> 00:29:13,160
Speaker 1: that they're a nice little monkey.

534
00:29:13,320 --> 00:29:14,000
Speaker 3: I like them.

535
00:29:14,440 --> 00:29:17,040
Speaker 1: But you don't go around with a bunch of bankers.

536
00:29:17,120 --> 00:29:18,480
Speaker 1: And you know, he's the only guy that got a

537
00:29:18,480 --> 00:29:21,120
Speaker 1: standing ovation at Davos. He got a standing ovation.

538
00:29:23,280 --> 00:29:25,320
Speaker 5: Look, I think I think that one of the things

539
00:29:25,360 --> 00:29:28,520
Speaker 5: that is so funny about Davos is that it's it's

540
00:29:28,640 --> 00:29:32,120
Speaker 5: just everything is posturing and behind the scenes, they're all

541
00:29:32,200 --> 00:29:34,680
Speaker 5: going to the same you know, things together and they're

542
00:29:34,680 --> 00:29:37,840
Speaker 5: all i mean, Gavin Newsome met with Donald Trump apparently,

543
00:29:38,040 --> 00:29:40,720
Speaker 5: you know, like it's it's one of these things where

544
00:29:41,040 --> 00:29:44,720
Speaker 5: you know, it's just so deeply corrupt and one of

545
00:29:44,760 --> 00:29:47,520
Speaker 5: the things that I do appreciate about this particular moment

546
00:29:47,560 --> 00:29:50,280
Speaker 5: as it relates to the Greenland situation, is that the

547
00:29:50,400 --> 00:29:55,040
Speaker 5: President's approach of foreign policy, I think has been vindicated

548
00:29:55,120 --> 00:29:57,400
Speaker 5: so many times that now he thinks he can just

549
00:29:57,640 --> 00:30:00,640
Speaker 5: like he can hit that number on Roulette every single time,

550
00:30:00,840 --> 00:30:02,920
Speaker 5: I can get it every single time, you know, And

551
00:30:03,400 --> 00:30:05,760
Speaker 5: and I'm not sure he's going to get it everything.

552
00:30:05,480 --> 00:30:08,320
Speaker 1: Wall You know, I followed Lucas on Special Report last night.

553
00:30:08,360 --> 00:30:10,840
Speaker 1: He's on Greenland, and I think we had a breakthrough

554
00:30:10,920 --> 00:30:14,200
Speaker 1: this week because now everyone agrees Greenland is necessary for

555
00:30:14,480 --> 00:30:16,720
Speaker 1: Golden Dum and it's just the details.

556
00:30:16,920 --> 00:30:20,160
Speaker 5: That's the break's details. And the breakthrough too is that,

557
00:30:20,680 --> 00:30:24,320
Speaker 5: as I have argued, as my friend Josh Raphino has

558
00:30:24,600 --> 00:30:27,880
Speaker 5: argued in multiple essays, including a Wall Street Journal, there

559
00:30:28,360 --> 00:30:31,200
Speaker 5: is a sovereignty solution here that is right in front

560
00:30:31,240 --> 00:30:34,600
Speaker 5: of you, and it just, you know, basically requires that

561
00:30:34,760 --> 00:30:36,760
Speaker 5: that type of movement in our direction. It does not

562
00:30:36,880 --> 00:30:39,360
Speaker 5: require an invasion, it does not require us to spend

563
00:30:39,680 --> 00:30:42,760
Speaker 5: an enormous amount of money buying it, but it requires

564
00:30:43,440 --> 00:30:46,680
Speaker 5: America to have a sovereign footprint there that is in

565
00:30:46,800 --> 00:30:50,480
Speaker 5: our security interest, both long term and right now. And

566
00:30:50,600 --> 00:30:52,920
Speaker 5: I think that that's something that everyone has come around

567
00:30:53,000 --> 00:30:58,200
Speaker 5: to because it's just impossible to deny. Yeah, and you

568
00:30:58,280 --> 00:31:02,600
Speaker 5: know that's that's something that to your point, Trump sort

569
00:31:02,640 --> 00:31:05,600
Speaker 5: of forces people into admitting the truth that they don't want.

570
00:31:05,480 --> 00:31:07,600
Speaker 1: To unless they can go to a place in posture

571
00:31:07,720 --> 00:31:09,680
Speaker 1: like Carney did. I'm going to come right back with

572
00:31:09,800 --> 00:31:11,920
Speaker 1: Ben during the break because we've got to talk about

573
00:31:11,920 --> 00:31:15,280
Speaker 1: the Big Ben podcast this week and about his expert

574
00:31:15,360 --> 00:31:18,240
Speaker 1: from UVA on cell phones. If you haven't listened to it,

575
00:31:19,080 --> 00:31:22,240
Speaker 1: Big Ben Podcast on the Fox Podcast Network. He's editor

576
00:31:22,240 --> 00:31:25,400
Speaker 1: at Large at The Spectator. His sub stack is the Transom.

577
00:31:25,840 --> 00:31:29,560
Speaker 1: But this is a great podcast with Tricia McLachlan basically

578
00:31:29,680 --> 00:31:32,840
Speaker 1: doing what JD Vance did in Minneapolis yesterday. But the

579
00:31:32,960 --> 00:31:35,120
Speaker 1: expert from the University of Virginia. I'll talk with him

580
00:31:35,360 --> 00:31:37,360
Speaker 1: and if he can stick around. After the break, we'll

581
00:31:37,480 --> 00:31:40,040
Speaker 1: kick around Jack Smith some more. Don't go anywhere. I'm

582
00:31:40,120 --> 00:31:43,000
Speaker 1: Hugh Hewett. I'm back with Ben Dominic. Ben. I listened

583
00:31:43,040 --> 00:31:45,560
Speaker 1: to the Big Ben podcast today and it was fabulous.

584
00:31:45,960 --> 00:31:48,640
Speaker 1: I like Trician McLachlan, but that was I basically did

585
00:31:48,720 --> 00:31:51,560
Speaker 1: jd speech yesterday. So I want to focus on your

586
00:31:51,680 --> 00:31:56,640
Speaker 1: UVA professor and his guidance on phones because just simply

587
00:31:56,840 --> 00:31:59,760
Speaker 1: dumb phones still high school and no phones in the bedroom.

588
00:32:00,320 --> 00:32:02,280
Speaker 1: That's all parents need to know, isn't it.

589
00:32:03,960 --> 00:32:06,280
Speaker 5: I think this thing is really a lot more simple

590
00:32:06,400 --> 00:32:09,440
Speaker 5: than people seem to be making it. Like there's been,

591
00:32:09,560 --> 00:32:12,400
Speaker 5: you know, this whole public conversation around it. You know,

592
00:32:12,480 --> 00:32:15,200
Speaker 5: the work that Jonathan Height has done, and everyone else

593
00:32:15,240 --> 00:32:18,360
Speaker 5: who's who's kind of you know, I don't know, they

594
00:32:18,440 --> 00:32:23,280
Speaker 5: just they've developed a whole conversation within the space. I

595
00:32:23,400 --> 00:32:25,760
Speaker 5: think it's that simple, isn't it, Hugh? I mean it's

596
00:32:26,400 --> 00:32:29,280
Speaker 5: And I realized I may sound like completely out of

597
00:32:29,360 --> 00:32:32,640
Speaker 5: touch on this or or as if I'm some you know,

598
00:32:33,720 --> 00:32:36,440
Speaker 5: throwback stoic, but you know, the question that I really

599
00:32:36,480 --> 00:32:39,240
Speaker 5: have for him is why can't you just delete the apps?

600
00:32:40,280 --> 00:32:41,840
Speaker 5: Why can't you just get rid of him?

601
00:32:41,920 --> 00:32:44,840
Speaker 1: Well, he went further when he said, no cell phones

602
00:32:44,840 --> 00:32:47,760
Speaker 1: at night in the bedroom because they lose sleep, and

603
00:32:47,880 --> 00:32:50,880
Speaker 1: of course the boys are looking for body pictures. And

604
00:32:51,240 --> 00:32:55,920
Speaker 1: number two in school, computers are overrated. That we learn

605
00:32:56,120 --> 00:32:57,240
Speaker 1: by doing things.

606
00:32:57,280 --> 00:33:01,520
Speaker 5: And I said, hallelujah that that point is actually the

607
00:33:01,600 --> 00:33:04,640
Speaker 5: more critical point from my perspective. So first off the

608
00:33:04,920 --> 00:33:06,840
Speaker 5: no phones in the in the in the room. To me,

609
00:33:07,000 --> 00:33:08,960
Speaker 5: that's the same as no TVs in the room. But

610
00:33:09,040 --> 00:33:11,120
Speaker 5: you don't, you don't, you don't. You shouldn't be allowing that.

611
00:33:11,160 --> 00:33:13,800
Speaker 5: I mean, come on, it's a distraction. It's bad, it's

612
00:33:13,880 --> 00:33:15,200
Speaker 5: and it's bad for you, by the way, as an

613
00:33:15,200 --> 00:33:18,160
Speaker 5: adult too. It's not just bads so but my other,

614
00:33:18,480 --> 00:33:20,920
Speaker 5: my other, I actually think that TVs should be you

615
00:33:20,920 --> 00:33:23,480
Speaker 5: should have a central location or whatever for it. But

616
00:33:24,040 --> 00:33:26,920
Speaker 5: but it should be something that you intentionally do. It

617
00:33:26,960 --> 00:33:30,000
Speaker 5: should not be constant background or noise or what have you.

618
00:33:30,440 --> 00:33:33,920
Speaker 5: But when it comes to the school part of this, Hugh,

619
00:33:34,040 --> 00:33:37,040
Speaker 5: we are in constant fights about this. And and I

620
00:33:37,280 --> 00:33:40,200
Speaker 5: will say this as as someone who sends, uh, you know,

621
00:33:40,280 --> 00:33:43,840
Speaker 5: my kids to some pretty top slight expensive schools. Don't

622
00:33:43,920 --> 00:33:46,320
Speaker 5: be no offense to any listener, but like I mean,

623
00:33:46,760 --> 00:33:48,240
Speaker 5: I think they're a little too pricey because I was

624
00:33:48,280 --> 00:33:50,720
Speaker 5: home school all the way. But anyway, the point is

625
00:33:52,000 --> 00:33:55,120
Speaker 5: that is a point of contention among everyone. It's not

626
00:33:55,360 --> 00:33:57,800
Speaker 5: just the public schoolers, it's it's the private schoolers too.

627
00:33:58,320 --> 00:34:02,840
Speaker 5: And the schools are constant pushing you to do more screens,

628
00:34:03,040 --> 00:34:06,280
Speaker 5: to say like, oh no, you I mean just this

629
00:34:06,680 --> 00:34:09,719
Speaker 5: this snowstorm, you know coming up, you know here, the

630
00:34:09,760 --> 00:34:11,880
Speaker 5: school sends out something about, you know, make sure to

631
00:34:12,040 --> 00:34:14,480
Speaker 5: you know, have your kid take the iPad home, and

632
00:34:14,560 --> 00:34:16,040
Speaker 5: they want to, they need, you know, we need to

633
00:34:16,080 --> 00:34:18,400
Speaker 5: be able to zoom in for class. And it's like, no,

634
00:34:18,680 --> 00:34:19,480
Speaker 5: we're not going to do that.

635
00:34:19,640 --> 00:34:20,719
Speaker 1: We're not going to do that.

636
00:34:21,080 --> 00:34:23,239
Speaker 5: Yeah, we're just not going to do that because that's

637
00:34:23,320 --> 00:34:24,640
Speaker 5: not the way that people learn.

638
00:34:25,000 --> 00:34:26,920
Speaker 1: But I was glad to hear you say, is that

639
00:34:27,280 --> 00:34:30,360
Speaker 1: it's become a source of a program. If you are

640
00:34:30,400 --> 00:34:32,360
Speaker 1: in a restaurant and you give the kid the phone,

641
00:34:32,760 --> 00:34:35,439
Speaker 1: because it is I always I cast an I cast

642
00:34:35,520 --> 00:34:37,880
Speaker 1: a glance like that thirty seconds Ben. How often do

643
00:34:37,920 --> 00:34:38,600
Speaker 1: you get that look?

644
00:34:40,239 --> 00:34:40,359
Speaker 5: Uh?

645
00:34:40,680 --> 00:34:41,960
Speaker 3: For? For me? Uh?

646
00:34:42,280 --> 00:34:45,680
Speaker 5: I have quite honestly, I have never opened my phone

647
00:34:45,719 --> 00:34:49,719
Speaker 5: and shown my kids of the restaurants. Never I will.

648
00:34:49,800 --> 00:34:51,960
Speaker 5: I will say that I've been at table where other

649
00:34:52,040 --> 00:34:54,239
Speaker 5: people have done that and my kids have watched, and

650
00:34:54,360 --> 00:34:56,880
Speaker 5: I have not objected. But I have never done that

651
00:34:57,000 --> 00:34:59,320
Speaker 5: with my phone, and I don't never intend to, because

652
00:34:59,400 --> 00:35:01,600
Speaker 5: I think that is an admission of failure.

653
00:35:01,800 --> 00:35:04,040
Speaker 1: Yeah, but I do believe that they are permissible on

654
00:35:04,200 --> 00:35:05,960
Speaker 1: long car rides and airplanes.

655
00:35:06,120 --> 00:35:08,560
Speaker 5: Lights. That's fine, it's a long time rights and airplanes.

656
00:35:08,680 --> 00:35:11,000
Speaker 5: Maybe it's the same thing that everybody else is doing,

657
00:35:11,239 --> 00:35:13,279
Speaker 5: you know, so I don't have a problem with that.

658
00:35:13,560 --> 00:35:16,880
Speaker 5: You can bring a certain amount of games and entertainment,

659
00:35:17,160 --> 00:35:19,160
Speaker 5: but eventually they're going to move from the plate out

660
00:35:19,200 --> 00:35:20,680
Speaker 5: to just need to watch those things.

661
00:35:20,840 --> 00:35:23,480
Speaker 1: Coming back with Ben on Jack Smith, don't go anywhere.

662
00:35:27,080 --> 00:35:29,160
Speaker 1: I am back with Ben Dominich, host of the Big

663
00:35:29,280 --> 00:35:32,560
Speaker 1: Ben podcast on the Fox Podcast Network. You can read

664
00:35:32,600 --> 00:35:34,920
Speaker 1: him in the Spectator, you can read his substack at

665
00:35:34,960 --> 00:35:38,040
Speaker 1: the Transom, and you can follow him on x at

666
00:35:38,120 --> 00:35:41,760
Speaker 1: b Dominich. Ben, I want to give you four uninterrupted

667
00:35:41,840 --> 00:35:45,080
Speaker 1: moments for your comments on Jack Smith and what we

668
00:35:45,239 --> 00:35:47,479
Speaker 1: take away from this, because I've already said my piece

669
00:35:47,680 --> 00:35:48,520
Speaker 1: three or four times.

670
00:35:50,080 --> 00:35:54,160
Speaker 5: Well, first off, I'll just say I don't I'm not

671
00:35:54,320 --> 00:35:58,279
Speaker 5: sure that I have seen a person who has occupied

672
00:35:58,320 --> 00:36:02,480
Speaker 5: a role as important as Jack Smith be in a

673
00:36:02,560 --> 00:36:05,719
Speaker 5: position in front of a congressional hearing where he was

674
00:36:05,920 --> 00:36:12,640
Speaker 5: more where anyone that I know of, was more dismissive, disrespectful,

675
00:36:13,320 --> 00:36:18,719
Speaker 5: and you know, quite frankly full of hubris about everything

676
00:36:18,800 --> 00:36:23,239
Speaker 5: that he did in his role. Ever in front of

677
00:36:23,280 --> 00:36:26,680
Speaker 5: the Congress, and keep in mind, we've seen Anthony Fauci justified.

678
00:36:29,520 --> 00:36:32,400
Speaker 5: I mean, this is this is this is quite you know,

679
00:36:32,600 --> 00:36:35,320
Speaker 5: as a sort of you know, one one to achieve.

680
00:36:35,760 --> 00:36:37,879
Speaker 5: And so I think that jack Smith, you know, came

681
00:36:37,960 --> 00:36:41,279
Speaker 5: in and did himself no favors because there was no

682
00:36:41,560 --> 00:36:45,440
Speaker 5: humility on his part, especially when it came to the

683
00:36:45,600 --> 00:36:49,239
Speaker 5: issues related to grabbing the phone records of members of

684
00:36:49,400 --> 00:36:52,959
Speaker 5: Congress and the records of all these different citizens across

685
00:36:53,080 --> 00:36:55,279
Speaker 5: the country. I hope that you have seen, maybe you

686
00:36:55,400 --> 00:36:58,960
Speaker 5: played it that the audio of Chip Roy talking to

687
00:36:59,040 --> 00:37:01,960
Speaker 5: him about this, But the idea that you could just

688
00:37:02,160 --> 00:37:06,799
Speaker 5: seize and go after all of these things years after

689
00:37:06,880 --> 00:37:10,280
Speaker 5: the fact, by the way, and not in four members

690
00:37:10,320 --> 00:37:12,239
Speaker 5: of Congress, that you're just going to be snarfing up

691
00:37:12,280 --> 00:37:15,759
Speaker 5: their phone records, it's I mean, that's subscene.

692
00:37:15,880 --> 00:37:19,319
Speaker 1: You can't just Jackson, when he was Attorney General, gave

693
00:37:19,360 --> 00:37:21,920
Speaker 1: a very famous speech about the power of the prosecutor

694
00:37:21,960 --> 00:37:25,120
Speaker 1: and why you've got to be very careful. He went rogue,

695
00:37:25,239 --> 00:37:28,960
Speaker 1: he went javert, and I think Eileen Cannon's ruling that

696
00:37:29,080 --> 00:37:33,640
Speaker 1: his appointment was unconstitutional bears up very well because he

697
00:37:33,719 --> 00:37:36,520
Speaker 1: had never you can appoint a US attorney to be

698
00:37:36,560 --> 00:37:39,480
Speaker 1: a special counsel. And that's fine. They've got the right temperament,

699
00:37:39,560 --> 00:37:43,200
Speaker 1: the right judgment. They've passed through Senate confirmation. This guy

700
00:37:43,680 --> 00:37:45,640
Speaker 1: is a fanatic and.

701
00:37:45,719 --> 00:37:50,120
Speaker 5: Therefore it's obscene. I mean, it's you say, when Javert,

702
00:37:50,239 --> 00:37:52,320
Speaker 5: Javert had the honor to jump off the bridge.

703
00:37:53,360 --> 00:37:56,120
Speaker 1: So I don't want him doing that. I just wanted

704
00:37:56,120 --> 00:37:57,960
Speaker 1: to go away, just to be clear.

705
00:37:58,320 --> 00:38:01,000
Speaker 5: But I'm just saying there was a moment of clarity

706
00:38:01,120 --> 00:38:03,920
Speaker 5: for him. This is this is a guy who just

707
00:38:04,080 --> 00:38:07,320
Speaker 5: really thinks that he did everything right that you know,

708
00:38:07,440 --> 00:38:10,080
Speaker 5: he just you know, helps one of Chips questions to

709
00:38:10,160 --> 00:38:12,640
Speaker 5: him and it was just you know, you you know,

710
00:38:12,960 --> 00:38:16,000
Speaker 5: there's just and Kevin KYLEI asked it in a slightly

711
00:38:16,040 --> 00:38:18,360
Speaker 5: different way, but it's one of these things where this

712
00:38:18,680 --> 00:38:21,560
Speaker 5: you you come in front of Congress after something as

713
00:38:21,640 --> 00:38:24,840
Speaker 5: botched as this, and you don't at least have a

714
00:38:25,400 --> 00:38:30,120
Speaker 5: humility to admit maybe we overreached in certain areas, maybe

715
00:38:30,239 --> 00:38:32,560
Speaker 5: we should have done some things differently. You know, we

716
00:38:32,680 --> 00:38:36,080
Speaker 5: were trying to do this in a responsible way, and

717
00:38:36,239 --> 00:38:39,160
Speaker 5: instead we gave a reflection of it as a partisan investigation.

718
00:38:39,360 --> 00:38:39,960
Speaker 5: There was none of that.

719
00:38:40,160 --> 00:38:43,719
Speaker 1: So the key question is did Merrick Garland get what

720
00:38:43,880 --> 00:38:47,480
Speaker 1: he wanted or did he just get punked by someone

721
00:38:47,600 --> 00:38:48,600
Speaker 1: making a recommendation.

722
00:38:50,560 --> 00:38:52,399
Speaker 5: You know, that is a big question and I don't

723
00:38:52,440 --> 00:38:56,360
Speaker 5: know the answer to it. I would incline more towards

724
00:38:56,400 --> 00:39:00,480
Speaker 5: the latter, but that's only because I think I think

725
00:39:00,560 --> 00:39:03,600
Speaker 5: Garland is not particularly bright, because he kind of half

726
00:39:03,760 --> 00:39:07,280
Speaker 5: was right. Yeah, yeah, I just that is my impression

727
00:39:07,360 --> 00:39:10,840
Speaker 5: of him, based on limited interaction. But I think that

728
00:39:11,080 --> 00:39:14,560
Speaker 5: that is not I don't. I think he got jobbed

729
00:39:14,680 --> 00:39:15,160
Speaker 5: in this right.

730
00:39:15,320 --> 00:39:18,200
Speaker 1: Last question, of the ten movies nominated for Best Picture,

731
00:39:18,960 --> 00:39:20,239
Speaker 1: how many of them have you seen?

732
00:39:21,920 --> 00:39:22,080
Speaker 3: Oh?

733
00:39:22,920 --> 00:39:25,560
Speaker 5: I've seen about half of them.

734
00:39:25,640 --> 00:39:27,600
Speaker 1: Oh you are You're the outlier.

735
00:39:28,000 --> 00:39:32,040
Speaker 5: You're the sixth person, Hugh, I have, Hugh, I have seen.

736
00:39:32,280 --> 00:39:34,480
Speaker 5: I saw twenty seven movies last year, and of the

737
00:39:34,760 --> 00:39:38,560
Speaker 5: nine were kids movies. Okay, And the best movie of

738
00:39:38,680 --> 00:39:41,200
Speaker 5: the that I saw last year in theaters was f

739
00:39:41,320 --> 00:39:42,000
Speaker 5: One whichever.

740
00:39:42,440 --> 00:39:44,440
Speaker 1: Yeah, well that's the only other one that anyone's seen,

741
00:39:44,520 --> 00:39:46,320
Speaker 1: and I agree it was it was great. But you

742
00:39:46,480 --> 00:39:47,640
Speaker 1: actually saw Sinner?

743
00:39:48,520 --> 00:39:51,120
Speaker 5: Yes, No, I mean I liked it. It was good.

744
00:39:51,280 --> 00:39:52,160
Speaker 1: You're the only one.

745
00:39:52,320 --> 00:39:53,160
Speaker 3: Okay, great movie.

746
00:39:53,560 --> 00:39:56,839
Speaker 1: We're not going here for movie recommendations anytime soon.

747
00:39:57,320 --> 00:39:59,279
Speaker 5: Well look, look, look, I will I will tell you

748
00:39:59,480 --> 00:40:01,919
Speaker 5: the movie that I saw that I enjoyed the most

749
00:40:02,040 --> 00:40:05,640
Speaker 5: last year was Weapons, And I also really liked Eddington,

750
00:40:05,719 --> 00:40:09,920
Speaker 5: which everyone hated, but everyone me and John Fedortz.

751
00:40:10,200 --> 00:40:11,759
Speaker 1: At least you've seen them though.

752
00:40:11,880 --> 00:40:14,359
Speaker 5: At least Ben, I think it's good to go back

753
00:40:14,400 --> 00:40:14,840
Speaker 5: to movies.

754
00:40:15,320 --> 00:40:16,120
Speaker 3: Be dominants.

755
00:40:16,239 --> 00:40:20,280
Speaker 1: Thank you, my friend, Jonathan Williams, tax economist at alex

756
00:40:20,320 --> 00:40:27,560
Speaker 1: American Legislative Exchange Company. Welcome back in America. I'm Hugh

757
00:40:27,680 --> 00:40:31,360
Speaker 1: Hewittt on the weekend broadcast. Eli Lake joins us. He is,

758
00:40:31,480 --> 00:40:34,480
Speaker 1: of course the host of the Breaking History podcast, a

759
00:40:34,600 --> 00:40:38,560
Speaker 1: contributor to the Free Press, an expert on Iran. Eli

760
00:40:38,840 --> 00:40:43,360
Speaker 1: in the Davos love in among bankers, did anyone have

761
00:40:43,480 --> 00:40:46,560
Speaker 1: the guts to stand up and say, Iran just mowed

762
00:40:46,640 --> 00:40:49,200
Speaker 1: down fifteen thousand of their people and imprison the same

763
00:40:49,320 --> 00:40:51,400
Speaker 1: number and is the evilest regime on the planet.

764
00:40:51,640 --> 00:40:53,839
Speaker 8: It's a really good question. I don't think anybody kind

765
00:40:53,840 --> 00:40:55,520
Speaker 8: of put it like that, and I think that's exactly

766
00:40:55,600 --> 00:41:01,840
Speaker 8: how we should think about it. But that said, this

767
00:41:02,080 --> 00:41:05,640
Speaker 8: is the end of the Obama delusion. I have not

768
00:41:05,800 --> 00:41:11,200
Speaker 8: heard from European capitals that there is a sense or

769
00:41:11,200 --> 00:41:15,480
Speaker 8: an expectation that there will be new negotiations with Iran

770
00:41:15,600 --> 00:41:19,040
Speaker 8: over you know, whatever remains of its nuclear program, and

771
00:41:19,160 --> 00:41:24,520
Speaker 8: eventually we will knit Iran into the global order by

772
00:41:25,400 --> 00:41:27,960
Speaker 8: investing in that country as long as that regime stays

773
00:41:28,000 --> 00:41:31,320
Speaker 8: in power. I think at this point, I hope it

774
00:41:32,239 --> 00:41:36,000
Speaker 8: the regime collapses tomorrow, but even if it doesn't, I

775
00:41:36,120 --> 00:41:38,120
Speaker 8: just don't think that we're going to get back to

776
00:41:40,280 --> 00:41:42,680
Speaker 8: what we lived through ten years ago, which was the

777
00:41:42,800 --> 00:41:46,480
Speaker 8: idea that there would be major corporations investing in Iran.

778
00:41:47,120 --> 00:41:51,440
Speaker 8: The sanctions were lifted as Iran built up this proxy

779
00:41:51,520 --> 00:41:55,000
Speaker 8: network throughout the region and continued to have the nuclear option.

780
00:41:55,440 --> 00:41:58,479
Speaker 1: They did not invite. They ended up disinviting the Foreign

781
00:41:58,520 --> 00:42:02,279
Speaker 1: Ministry of Iran. That's but they have not designated the

782
00:42:02,320 --> 00:42:05,080
Speaker 1: IRGC is a terrorist organization at the EU, which is

783
00:42:05,120 --> 00:42:08,000
Speaker 1: a bad move. The most important question in the world

784
00:42:08,080 --> 00:42:10,120
Speaker 1: right now, and I think by a lot, I've been

785
00:42:10,200 --> 00:42:12,760
Speaker 1: on a Canada rant already today because the Mark Carney

786
00:42:12,920 --> 00:42:17,440
Speaker 1: disgusting address or so cowardly in two faced, But the

787
00:42:17,520 --> 00:42:22,440
Speaker 1: most important question remains, should Donald Trump hit Iran hard?

788
00:42:22,560 --> 00:42:27,319
Speaker 1: And Willie what do you think Eli like, I.

789
00:42:27,400 --> 00:42:31,399
Speaker 8: Think he absolutely should. I don't see how I mean, listen,

790
00:42:31,520 --> 00:42:33,439
Speaker 8: nobody can bring to what's going on with Donald Trump.

791
00:42:34,600 --> 00:42:38,960
Speaker 8: His messaging has been pretty consistent, and I think he

792
00:42:39,360 --> 00:42:42,160
Speaker 8: tried to kind of create his own way out by

793
00:42:42,239 --> 00:42:47,840
Speaker 8: saying that they had they had canceled the execution of

794
00:42:47,920 --> 00:42:49,759
Speaker 8: I think he has a very specific number eight hundred

795
00:42:49,760 --> 00:42:53,040
Speaker 8: and thirty seven people in the hangings, which he's talked about.

796
00:42:54,600 --> 00:42:57,120
Speaker 8: We saw today that one of the senior kind of

797
00:42:58,960 --> 00:43:02,320
Speaker 8: judges in Iran said that is not true and that

798
00:43:02,440 --> 00:43:04,800
Speaker 8: they would be going forward with the executions. Of course,

799
00:43:05,600 --> 00:43:10,400
Speaker 8: the death toll is horrific. I think at the very

800
00:43:10,520 --> 00:43:12,279
Speaker 8: least it's four or five thousand, and it could be

801
00:43:13,160 --> 00:43:16,880
Speaker 8: upwards of twenty five thousand or more. They've turned off

802
00:43:16,920 --> 00:43:21,600
Speaker 8: the internet precisely for this reason, so you know, I

803
00:43:21,719 --> 00:43:23,840
Speaker 8: hope that this is the kind of final straw. And

804
00:43:23,880 --> 00:43:27,359
Speaker 8: then more importantly, the response from Iran's leaders up into

805
00:43:27,440 --> 00:43:32,840
Speaker 8: and including Ayatola Ali Khamene has been effectively to taunt Trump,

806
00:43:33,120 --> 00:43:37,920
Speaker 8: yes to question his resolve. That that didn't go very

807
00:43:37,960 --> 00:43:40,279
Speaker 8: well for Nicholas Medoro, it didn't go very well for

808
00:43:40,360 --> 00:43:44,080
Speaker 8: Costum Soulamani and I think that they in some ways

809
00:43:44,080 --> 00:43:45,640
Speaker 8: in that respect, they are sealing their fate.

810
00:43:46,520 --> 00:43:47,920
Speaker 3: My wary is though that.

811
00:43:50,360 --> 00:43:53,560
Speaker 8: I would have liked to have seen something, and I

812
00:43:53,640 --> 00:43:55,799
Speaker 8: understand military assets have to be in place. I also

813
00:43:55,920 --> 00:43:59,920
Speaker 8: understand that, according to a lot of reporting, and I've

814
00:44:00,040 --> 00:44:02,600
Speaker 8: heard this too in my reporting, that Trump really does

815
00:44:02,719 --> 00:44:06,560
Speaker 8: want a comprehensive military option and to go big. So

816
00:44:07,000 --> 00:44:11,759
Speaker 8: that maybe takes time, but it would have been good

817
00:44:11,840 --> 00:44:15,680
Speaker 8: to have something two weeks ago, a week and a

818
00:44:15,680 --> 00:44:17,439
Speaker 8: half ago, when he said help was on the way,

819
00:44:18,080 --> 00:44:21,400
Speaker 8: because I think the perception is is that there was

820
00:44:21,440 --> 00:44:24,560
Speaker 8: at least a chance that Trump would back off and

821
00:44:24,760 --> 00:44:27,879
Speaker 8: would seek some kind of deal. I don't think that's

822
00:44:27,920 --> 00:44:30,160
Speaker 8: going to happen. Let me go all sophocles on you.

823
00:44:30,280 --> 00:44:32,920
Speaker 8: You cannot know how good the day has been until

824
00:44:33,000 --> 00:44:35,919
Speaker 8: the night has come. And with Donald Trump, the whole

825
00:44:35,960 --> 00:44:38,560
Speaker 8: Greenland thing, even actor the whole Greenland thing might have

826
00:44:38,640 --> 00:44:41,320
Speaker 8: been a way to divert attention away from this. But

827
00:44:41,480 --> 00:44:44,640
Speaker 8: I did have a very smart national security fellow of

828
00:44:44,960 --> 00:44:49,239
Speaker 8: impeccable credential say we can't hit carg Island and the

829
00:44:49,360 --> 00:44:52,000
Speaker 8: oil terminals, which is what seems obvious to me to's

830
00:44:52,120 --> 00:44:56,080
Speaker 8: keeping the regime alive because that would possibly bring China

831
00:44:56,280 --> 00:44:59,440
Speaker 8: in to rebuild it and to embed within Iran.

832
00:44:59,520 --> 00:45:00,239
Speaker 1: What do you think of that?

833
00:45:02,040 --> 00:45:03,680
Speaker 8: There's a lot of reasons maybe why you don't hit

834
00:45:03,719 --> 00:45:05,800
Speaker 8: carg Island. You could also cause an oil shock that

835
00:45:05,880 --> 00:45:08,279
Speaker 8: would do terrible things to the price of energy, which

836
00:45:08,320 --> 00:45:11,640
Speaker 8: has been relatively stable and low, and that would have

837
00:45:11,680 --> 00:45:14,320
Speaker 8: an effect in terms of inflation. So Trump's got to

838
00:45:14,360 --> 00:45:18,040
Speaker 8: consider that. I think he would have an enormous effect

839
00:45:18,080 --> 00:45:21,440
Speaker 8: if he just decided to hit the headquarters in regional

840
00:45:21,520 --> 00:45:24,279
Speaker 8: headquarters for the IRGC, that's the Revolutionary Guard core and

841
00:45:24,280 --> 00:45:28,360
Speaker 8: the besieging militia and then target started similar to what

842
00:45:29,360 --> 00:45:33,040
Speaker 8: Israel did, start targeting senior regime officials up to and

843
00:45:33,080 --> 00:45:36,880
Speaker 8: including Io La Kamine. You have a number of voices

844
00:45:36,960 --> 00:45:40,480
Speaker 8: from Iran's opposition, not just on the outside, that are

845
00:45:40,719 --> 00:45:47,000
Speaker 8: begging the America to hit the supreme leader. What else

846
00:45:47,120 --> 00:45:50,400
Speaker 8: is there left to talk about at this point? So

847
00:45:51,160 --> 00:45:53,239
Speaker 8: there are a lot of targets in Iran short of

848
00:45:53,320 --> 00:45:53,960
Speaker 8: carg Island.

849
00:45:54,880 --> 00:45:57,960
Speaker 1: Like carg Island is all that money goes to the IERGC.

850
00:45:58,760 --> 00:46:02,000
Speaker 1: Canada is ramping up it's export of oil. It's at

851
00:46:02,040 --> 00:46:04,880
Speaker 1: sixty dollars a barrel. Seventy dollars a barrel is not

852
00:46:05,040 --> 00:46:07,000
Speaker 1: that big of a deal, and it can be we

853
00:46:07,080 --> 00:46:10,960
Speaker 1: can overproduce. We are just about to hit full American production.

854
00:46:11,840 --> 00:46:13,880
Speaker 1: But Eli, before I go, I got to ask you

855
00:46:14,600 --> 00:46:18,800
Speaker 1: the Carnie speech and many of the other Europeans seem

856
00:46:18,960 --> 00:46:22,960
Speaker 1: to take for granted that the United States will always

857
00:46:23,040 --> 00:46:26,600
Speaker 1: protect them no matter what they say about us. It's

858
00:46:26,680 --> 00:46:28,759
Speaker 1: a little bit of what Israel must have to deal

859
00:46:28,840 --> 00:46:31,360
Speaker 1: with on a daily basis, that they are really the

860
00:46:31,440 --> 00:46:33,839
Speaker 1: lynchpin to security in the Middle East, but they get

861
00:46:33,920 --> 00:46:36,360
Speaker 1: dumped on by everyone and it's not pleasant.

862
00:46:38,120 --> 00:46:42,840
Speaker 8: I would say this, it's empty rhetoric. Canada and Europe

863
00:46:43,000 --> 00:46:46,360
Speaker 8: do not have the military, do not have the means

864
00:46:47,000 --> 00:46:50,600
Speaker 8: to protect themselves. That is by our design, and there

865
00:46:50,640 --> 00:46:52,719
Speaker 8: are good reasons for that. So I wanted to say,

866
00:46:53,120 --> 00:46:55,080
Speaker 8: I don't want to give Trump a total path. I

867
00:46:55,120 --> 00:46:57,000
Speaker 8: think that some of the things that he said were outrageous,

868
00:46:57,400 --> 00:46:59,200
Speaker 8: and the way that he went about the Greenland thing,

869
00:46:59,360 --> 00:47:01,239
Speaker 8: I think can have but it's not the end of

870
00:47:01,280 --> 00:47:04,120
Speaker 8: the world, because there is no alternative right now to

871
00:47:04,400 --> 00:47:08,560
Speaker 8: the alliance with America. I mean the meeting with g

872
00:47:09,680 --> 00:47:12,080
Speaker 8: and the I'm sorry not even g like the senior

873
00:47:12,280 --> 00:47:14,640
Speaker 8: Chinese official and the statement that you know things are

874
00:47:14,680 --> 00:47:18,000
Speaker 8: going in different direction is absurd and Carney ought to

875
00:47:18,120 --> 00:47:22,040
Speaker 8: know better. The idea that Canada is going to pursue

876
00:47:22,120 --> 00:47:24,960
Speaker 8: the kind of relationship it has with China over the

877
00:47:25,080 --> 00:47:27,440
Speaker 8: United States even under Trump, and I get you know

878
00:47:27,600 --> 00:47:31,480
Speaker 8: why he's nervous about things, but don't make threats. Don't

879
00:47:31,560 --> 00:47:33,719
Speaker 8: use that rhetoric because it's just not realistic. It's not

880
00:47:33,880 --> 00:47:34,440
Speaker 8: in the cards.

881
00:47:35,000 --> 00:47:37,080
Speaker 1: But they're going to sell a lot of oil to China,

882
00:47:37,160 --> 00:47:39,360
Speaker 1: which is fine because we have freedom of the seas

883
00:47:39,400 --> 00:47:42,879
Speaker 1: guaranteed by the United States Navy YEP. And if that ends,

884
00:47:43,320 --> 00:47:45,640
Speaker 1: they can only sell it to US, and they only.

885
00:47:45,640 --> 00:47:48,080
Speaker 1: They don't even spend two percent of their GDP on defense.

886
00:47:48,239 --> 00:47:51,160
Speaker 1: Eli he talked about his submarine. I have four submarines,

887
00:47:51,440 --> 00:47:53,760
Speaker 1: the most recent one which was built in twenty fifteen.

888
00:47:54,960 --> 00:47:59,279
Speaker 8: Listen, I agree, and that some of this is exposing things.

889
00:47:59,320 --> 00:48:01,640
Speaker 8: I mean, listen, some of what Trump is saying is

890
00:48:02,040 --> 00:48:04,640
Speaker 8: I disagree with a lot of it is true. When

891
00:48:04,719 --> 00:48:07,919
Speaker 8: we were fighting in Iraq and Afghanistan. Yes, it's true

892
00:48:07,960 --> 00:48:09,840
Speaker 8: when they say the British did fight, especially on the

893
00:48:09,840 --> 00:48:12,160
Speaker 8: special operations side, absolutely valiance and.

894
00:48:12,120 --> 00:48:14,279
Speaker 1: The Canadians lost one hundred and fifty eight people and

895
00:48:15,160 --> 00:48:15,640
Speaker 1: also true.

896
00:48:15,680 --> 00:48:18,000
Speaker 8: But I'm just saying the Italians and the Germans, we

897
00:48:18,080 --> 00:48:22,839
Speaker 8: couldn't trust them to secure areas. They didn't they There

898
00:48:22,880 --> 00:48:26,040
Speaker 8: are cultural issues there that are really deep. It's not

899
00:48:26,200 --> 00:48:30,320
Speaker 8: just about spending more of your GDP. There's not the

900
00:48:30,400 --> 00:48:33,480
Speaker 8: kind of military culture that we have in America right now.

901
00:48:33,880 --> 00:48:38,000
Speaker 8: So those are deep things that our generations are going

902
00:48:38,040 --> 00:48:41,239
Speaker 8: to be playing out over a generation. But like, let's

903
00:48:41,440 --> 00:48:45,279
Speaker 8: let's be realistic. There is no alternative to American power. Europeans,

904
00:48:45,440 --> 00:48:46,840
Speaker 8: Canada and they know that, no matter.

905
00:48:46,760 --> 00:48:49,040
Speaker 1: How many times ago to Davos. I'm in the Killed

906
00:48:49,120 --> 00:48:51,400
Speaker 1: Davos Forever club. But what do you think they like?

907
00:48:51,560 --> 00:48:52,320
Speaker 1: Thirty seconds?

908
00:48:52,680 --> 00:48:55,720
Speaker 8: I agree with Davos is a is a debating society

909
00:48:55,840 --> 00:48:58,000
Speaker 8: of the plutocratic.

910
00:48:57,840 --> 00:49:00,840
Speaker 1: Self pleasuring of the banking class. And I'm sick of it.

911
00:49:01,400 --> 00:49:04,480
Speaker 1: Thank you, Eli Lake. Follow him on ex at Eli Lake.

912
00:49:04,520 --> 00:49:08,440
Speaker 1: I'll be right back. America, stay tuned, Good morning, Glory

913
00:49:08,480 --> 00:49:11,960
Speaker 1: and even grace America, Bones or High Canada. The weekend

914
00:49:12,120 --> 00:49:16,280
Speaker 1: broadcast is underway, as it usually is, with John Ellis,

915
00:49:16,440 --> 00:49:20,080
Speaker 1: founder and editor in chief of News Items which you

916
00:49:20,200 --> 00:49:23,279
Speaker 1: can find by googling John Ellison news items. It's the

917
00:49:23,520 --> 00:49:26,719
Speaker 1: only newsletter you really need in the morning. And the

918
00:49:26,800 --> 00:49:29,919
Speaker 1: way John and I usually work Fridays is that John

919
00:49:30,000 --> 00:49:32,000
Speaker 1: will send me a list of topics he thinks we

920
00:49:32,080 --> 00:49:33,840
Speaker 1: got to cover, and I'll get smart about them, and

921
00:49:33,880 --> 00:49:37,040
Speaker 1: then we'll talk about them only today great minds thinking.

922
00:49:37,320 --> 00:49:39,920
Speaker 1: Like John's second item, which I bumped up to number one,

923
00:49:40,320 --> 00:49:44,799
Speaker 1: is Canada. Oh Canada, John, I'm so glad you brought

924
00:49:44,880 --> 00:49:48,520
Speaker 1: this up because I listened to Mark Carney's speech at Davos,

925
00:49:48,960 --> 00:49:52,719
Speaker 1: which got a standing ovation. Moderator said, that's very rare

926
00:49:52,719 --> 00:49:56,440
Speaker 1: at Davos, and it's because he's a banker talking to bankers,

927
00:49:56,680 --> 00:50:01,520
Speaker 1: and it was really quietly but thoroughly anti American. Have

928
00:50:01,640 --> 00:50:03,319
Speaker 1: you had a chance to listen to that speech yet?

929
00:50:04,840 --> 00:50:07,839
Speaker 1: I have, I have not I read it, but good night.

930
00:50:08,160 --> 00:50:10,879
Speaker 1: Listen to him. What did you think about the Well,

931
00:50:11,000 --> 00:50:13,640
Speaker 1: let me let me give you the main clip, which

932
00:50:13,719 --> 00:50:15,120
Speaker 1: is cut number five.

933
00:50:15,600 --> 00:50:20,000
Speaker 3: Altilateral institutions on which the Middle powers have relied and

934
00:50:20,080 --> 00:50:23,520
Speaker 3: the question for middle powers like Canada argue the middle

935
00:50:23,600 --> 00:50:26,360
Speaker 3: powers must act together because if we're not at the table,

936
00:50:26,520 --> 00:50:30,080
Speaker 3: we're on the menu. Middle powers do not. What does

937
00:50:30,160 --> 00:50:33,640
Speaker 3: it mean for middle powers to live the truth when

938
00:50:33,719 --> 00:50:37,880
Speaker 3: middle powers criticize economic intimidation? For this is the task

939
00:50:38,120 --> 00:50:39,400
Speaker 3: of the middle power, all right, So.

940
00:50:39,520 --> 00:50:43,120
Speaker 1: You get it, John, He's a middle Canada's a middle

941
00:50:43,239 --> 00:50:47,800
Speaker 1: power between hegemons and I guess we're on the same

942
00:50:48,160 --> 00:50:52,400
Speaker 1: scale with China. He mentioned the hedgemons. I'm insulted by this.

943
00:50:52,800 --> 00:50:57,160
Speaker 1: He just got back from China, that genocide of the Wigers. Uh,

944
00:50:57,680 --> 00:51:02,080
Speaker 1: Jimmy Lyon in prison, Taiwan, threatened, Hong Kong crushed, and

945
00:51:02,200 --> 00:51:05,400
Speaker 1: he's lecturing us because of you don't like Donald Trump?

946
00:51:07,120 --> 00:51:11,160
Speaker 9: Well, I mean I think that he You know, Carney

947
00:51:11,280 --> 00:51:17,040
Speaker 9: came to power because of Donald Trump. The Conservative Party

948
00:51:17,120 --> 00:51:21,960
Speaker 9: in Canada was leading the elections, the national elections leading

949
00:51:22,080 --> 00:51:25,319
Speaker 9: up to election day by twenty five points. And then

950
00:51:25,360 --> 00:51:28,839
Speaker 9: Trump was inaugurated and there was talking of a next

951
00:51:28,960 --> 00:51:35,200
Speaker 9: in Canada, and the tariffs were announced on Canadian products

952
00:51:35,280 --> 00:51:41,160
Speaker 9: and Carney vaulted to victory as a result. And so

953
00:51:41,400 --> 00:51:47,840
Speaker 9: he replayed this card at Dovos and made himself something

954
00:51:47,880 --> 00:51:50,840
Speaker 9: of a hero amongst what he calls the middle powers.

955
00:51:51,160 --> 00:51:54,200
Speaker 1: Well, he made himself something of a paria to me.

956
00:51:54,880 --> 00:51:58,640
Speaker 1: A couple other things, he said, one of my favorites, absolutely,

957
00:51:58,680 --> 00:51:59,879
Speaker 1: my favorite cut number six.

958
00:52:01,840 --> 00:52:06,960
Speaker 3: Our commitment to NATO's Article five is unwavering. So we're

959
00:52:07,000 --> 00:52:11,120
Speaker 3: working with our NATO allies, including the Nordic Vault Gate,

960
00:52:11,640 --> 00:52:16,560
Speaker 3: to further secure the Alliance's northern and western flanks, including

961
00:52:16,680 --> 00:52:22,680
Speaker 3: through Canada's unprecedented investments in over the horizon radar, in submarines,

962
00:52:22,719 --> 00:52:23,400
Speaker 3: in aircraft.

963
00:52:23,440 --> 00:52:26,719
Speaker 1: All right, boots on the John. I looked it up.

964
00:52:26,920 --> 00:52:29,520
Speaker 1: They have four submarines, the most recent one of which

965
00:52:29,640 --> 00:52:33,040
Speaker 1: was commissioned in twenty thirteen. The other three or two

966
00:52:33,080 --> 00:52:35,720
Speaker 1: thousand and three and two thousand and one. They spend

967
00:52:35,920 --> 00:52:38,759
Speaker 1: less than two percent of their GDP on defense. They'll

968
00:52:38,800 --> 00:52:42,360
Speaker 1: get to two percent by twenty thirty. Compared with Poland

969
00:52:42,480 --> 00:52:45,160
Speaker 1: and Finland, which are at three point seven and four

970
00:52:45,239 --> 00:52:48,719
Speaker 1: point seven percent GDP. They do not carry their weight

971
00:52:49,320 --> 00:52:53,080
Speaker 1: and the reason that their energy superpower, another claim is

972
00:52:53,120 --> 00:52:55,440
Speaker 1: because of the freedom of the seas that we guarantee.

973
00:52:56,080 --> 00:52:59,919
Speaker 1: Is it too much for Americans? I'm a multi later,

974
00:53:00,360 --> 00:53:03,520
Speaker 1: I'm an Internet. I love NATO, but this is poking

975
00:53:03,640 --> 00:53:05,520
Speaker 1: me in the eye, and I imagine it's got to

976
00:53:05,560 --> 00:53:07,000
Speaker 1: make Trump really crazy.

977
00:53:08,560 --> 00:53:12,200
Speaker 9: Well, I think it makes Trump incredibly crazy, which of

978
00:53:12,280 --> 00:53:15,560
Speaker 9: course is to Carney's at least short term benefit.

979
00:53:16,560 --> 00:53:18,760
Speaker 3: But all the points you make are certainly valid.

980
00:53:18,880 --> 00:53:23,160
Speaker 9: I mean, Canada, everybody, all of the so called Western

981
00:53:23,239 --> 00:53:27,120
Speaker 9: countries benefit from the US umbrella, if you want to

982
00:53:27,160 --> 00:53:29,200
Speaker 9: call it that. And so if you're going to be

983
00:53:29,239 --> 00:53:31,279
Speaker 9: critical of the US, I think you also have an

984
00:53:31,320 --> 00:53:35,320
Speaker 9: obligation to be appreciative of all of the advantages that

985
00:53:35,480 --> 00:53:37,160
Speaker 9: you get from being aligned with US.

986
00:53:37,640 --> 00:53:39,880
Speaker 1: Yeah, that's all I would The thing that gets me

987
00:53:39,960 --> 00:53:42,160
Speaker 1: the most in life, and I guess in international affairs

988
00:53:42,160 --> 00:53:46,360
Speaker 1: is in gratitude. And Canada is not a middle power.

989
00:53:46,680 --> 00:53:50,680
Speaker 1: It is an NX to the United States that's sovereign,

990
00:53:51,239 --> 00:53:53,640
Speaker 1: but depends upon it. Let's go to your other pieces,

991
00:53:53,640 --> 00:53:56,320
Speaker 1: because they make me happier. Let's talk about will Go

992
00:53:56,480 --> 00:53:59,560
Speaker 1: VI and pilled form because this is a giant breakthrough

993
00:53:59,680 --> 00:54:01,200
Speaker 1: from Erica and the world's health.

994
00:54:03,120 --> 00:54:03,239
Speaker 3: Right.

995
00:54:03,800 --> 00:54:06,680
Speaker 9: I think everybody's familiar with the weight loss drug wigov

996
00:54:07,120 --> 00:54:10,120
Speaker 9: and the other ones. But the problem has been that

997
00:54:10,239 --> 00:54:12,919
Speaker 9: you had to get will go BE as an injectable,

998
00:54:13,520 --> 00:54:15,920
Speaker 9: right so you and as a result, it's much more

999
00:54:15,960 --> 00:54:18,880
Speaker 9: expensive to manufacture. You have to put it in the

1000
00:54:19,000 --> 00:54:22,600
Speaker 9: refrigerator when you get it, you know, all that stuff.

1001
00:54:23,760 --> 00:54:26,920
Speaker 9: It's now been approved in pill form. And although the

1002
00:54:27,000 --> 00:54:31,360
Speaker 9: price at the moment is the same, inevitably and invariably

1003
00:54:32,280 --> 00:54:34,440
Speaker 9: the price of the pill will come down because the

1004
00:54:34,560 --> 00:54:38,200
Speaker 9: cost of manufacturing the pill is much much less than

1005
00:54:38,280 --> 00:54:42,200
Speaker 9: doing the injectable. So we're going to have much wider distribution,

1006
00:54:42,400 --> 00:54:48,640
Speaker 9: much wider use of wagov And as a result, we're

1007
00:54:48,680 --> 00:54:53,040
Speaker 9: going to have different menus, you know, reduced calorie menus

1008
00:54:53,520 --> 00:54:57,640
Speaker 9: at restaurants, We're going to have reduced purchases at grocery stores.

1009
00:54:58,560 --> 00:55:01,440
Speaker 9: And my favorite piece was that the major airlines now

1010
00:55:01,520 --> 00:55:05,640
Speaker 9: projected because people will be weighing less, they'll save eight

1011
00:55:05,840 --> 00:55:10,800
Speaker 9: five hundred and eighty million dollars this year on fuel costs.

1012
00:55:11,200 --> 00:55:13,319
Speaker 1: All right, I think about the number of passengers who

1013
00:55:13,360 --> 00:55:17,200
Speaker 1: don't sit next to the plus sized passenger that's sort

1014
00:55:17,239 --> 00:55:21,399
Speaker 1: of in their seat. But do you think the United

1015
00:55:21,440 --> 00:55:26,160
Speaker 1: States ought to be encouraging people who are morbidly obey certainly,

1016
00:55:26,280 --> 00:55:28,680
Speaker 1: but even those they are packing fifty or more pounds

1017
00:55:28,800 --> 00:55:31,759
Speaker 1: or thirty or more pounds to go investigate this, that

1018
00:55:31,880 --> 00:55:35,160
Speaker 1: it's good for them. I think I think it.

1019
00:55:35,600 --> 00:55:39,160
Speaker 9: I mean, you know, efficacy and safety obviously are the

1020
00:55:39,239 --> 00:55:43,720
Speaker 9: big concerns, but those concerns have been at least gotten

1021
00:55:43,760 --> 00:55:47,960
Speaker 9: the approval of the FDA. And you know, if you

1022
00:55:48,080 --> 00:55:51,680
Speaker 9: have high blood pressure, if you have diabetes, and if

1023
00:55:51,719 --> 00:55:56,520
Speaker 9: you're either obese or morbidly obese, this is a game changer.

1024
00:55:56,760 --> 00:56:01,520
Speaker 9: And it means for the you know, for taxpayers, it

1025
00:56:01,640 --> 00:56:05,399
Speaker 9: means less cost of you know, on Medicare and all

1026
00:56:05,520 --> 00:56:12,800
Speaker 9: sorts of government sponsored medical medical programs, healthcare programs. So

1027
00:56:12,880 --> 00:56:17,040
Speaker 9: it's it's a win in every which direction, except that

1028
00:56:18,280 --> 00:56:21,360
Speaker 9: it will have a major impact on the food business

1029
00:56:22,160 --> 00:56:29,360
Speaker 9: and worldwide, the food businesses employees fifty percent of the

1030
00:56:29,440 --> 00:56:34,320
Speaker 9: world's population. I'm not saying that fifty percent grow carrots

1031
00:56:34,440 --> 00:56:37,200
Speaker 9: or whatever, but if you think about food and the

1032
00:56:37,320 --> 00:56:40,680
Speaker 9: growing of it, the fertilizing of it, the machinery to

1033
00:56:40,719 --> 00:56:43,399
Speaker 9: get it, you know, out of the ground and blah

1034
00:56:43,400 --> 00:56:45,759
Speaker 9: blah blah all the way to restaurants and waiters and

1035
00:56:45,840 --> 00:56:48,279
Speaker 9: bus boys and so on and so forth, that is

1036
00:56:48,400 --> 00:56:51,880
Speaker 9: fifty percent of the working the workforce of the world

1037
00:56:52,200 --> 00:56:55,200
Speaker 9: that remond So if you if you have an impact,

1038
00:56:55,760 --> 00:56:59,600
Speaker 9: even a slight impact on all those restaurants and all

1039
00:56:59,600 --> 00:57:02,960
Speaker 9: those grocery stores and all the farmers who have decided

1040
00:57:03,000 --> 00:57:08,080
Speaker 9: to grow different crops. The impact is enormous and we're

1041
00:57:08,280 --> 00:57:09,440
Speaker 9: just at the outset of it.

1042
00:57:09,680 --> 00:57:12,040
Speaker 1: Well, because of my rant about Canada, we're running a

1043
00:57:12,040 --> 00:57:14,520
Speaker 1: little on time. And they're two very important pieces from

1044
00:57:14,600 --> 00:57:17,720
Speaker 1: news items that you sent me. Gen xers and millennials

1045
00:57:17,760 --> 00:57:21,800
Speaker 1: are set to inherit four point six trillion dollars from

1046
00:57:21,920 --> 00:57:27,919
Speaker 1: their elders, and open Ai maybe flaming out in either

1047
00:57:28,080 --> 00:57:29,840
Speaker 1: order that you want to do. That last one was

1048
00:57:29,960 --> 00:57:32,520
Speaker 1: kind of a sock in the eye for people who

1049
00:57:32,520 --> 00:57:37,600
Speaker 1: are invested in AI. Yeah, I mean, the open Ai

1050
00:57:37,800 --> 00:57:38,720
Speaker 1: story is that.

1051
00:57:40,200 --> 00:57:45,120
Speaker 9: Open ai is spending vast amounts of money and taking

1052
00:57:45,240 --> 00:57:49,240
Speaker 9: in not very much revenue, and the question is whether

1053
00:57:49,360 --> 00:57:52,919
Speaker 9: that's sustainable. Where there will there be in twenty twenty seven,

1054
00:57:53,080 --> 00:57:57,720
Speaker 9: twenty eight, twenty twenty nine enough revenue to justify the

1055
00:57:57,800 --> 00:58:00,520
Speaker 9: investments that they're making now in data centers, so on

1056
00:58:00,520 --> 00:58:03,840
Speaker 9: and so forth. There's a guy named Sebastian Mallaby wrote

1057
00:58:03,880 --> 00:58:07,880
Speaker 9: a book about venture capital and AI, and he wrote

1058
00:58:07,880 --> 00:58:10,040
Speaker 9: an influential piece, I think in the Journal or The

1059
00:58:10,120 --> 00:58:13,960
Speaker 9: Times that said, basically, I think open ay is going

1060
00:58:14,000 --> 00:58:14,840
Speaker 9: to run out of money.

1061
00:58:15,040 --> 00:58:16,240
Speaker 3: So that's a big question.

1062
00:58:16,600 --> 00:58:20,560
Speaker 1: But the millennials are not going to run out of money. Well,

1063
00:58:20,640 --> 00:58:21,240
Speaker 1: this is the thing.

1064
00:58:21,360 --> 00:58:24,000
Speaker 9: Okay, we got the whole the I mean, there's nothing

1065
00:58:24,080 --> 00:58:28,120
Speaker 9: more annoying than the affordability issue when it's raised by

1066
00:58:28,320 --> 00:58:33,000
Speaker 9: gen xers and millennials. Okay, because they're coming into four

1067
00:58:33,120 --> 00:58:37,280
Speaker 9: point six trillion dollars, is that right? Four points six yea, yeah,

1068
00:58:37,360 --> 00:58:41,880
Speaker 9: four point six trillion dollars, okay, inheriting the most any

1069
00:58:42,320 --> 00:58:45,320
Speaker 9: generation ever in the history of that kindness. And all

1070
00:58:45,400 --> 00:58:47,760
Speaker 9: they're talking about is the price of, you know, going

1071
00:58:47,800 --> 00:58:50,040
Speaker 9: out to dinner. I mean, come on, giving a lot

1072
00:58:50,080 --> 00:58:50,760
Speaker 9: of money here.

1073
00:58:51,600 --> 00:58:55,120
Speaker 1: It's a massive wealth transfer over the next ten years,

1074
00:58:56,080 --> 00:58:59,040
Speaker 1: and two point or trillion of that is in property

1075
00:58:59,080 --> 00:59:02,080
Speaker 1: in the United States, so they'll get a stepped up basis.

1076
00:59:02,600 --> 00:59:05,360
Speaker 1: That's the amazing thing. The tax part to this that

1077
00:59:05,520 --> 00:59:10,360
Speaker 1: makes it an incredible windfall. But John ellis a great

1078
00:59:10,480 --> 00:59:13,000
Speaker 1: bit of news items today. I want to remind everyone

1079
00:59:13,600 --> 00:59:18,240
Speaker 1: Google news items and John Ellis it's the best newsletter.

1080
00:59:18,600 --> 00:59:20,680
Speaker 1: I read it every morning. I usually post one or

1081
00:59:20,720 --> 00:59:23,600
Speaker 1: two of the fifteen to thirty different bits of news

1082
00:59:23,680 --> 00:59:26,480
Speaker 1: that John finds by staying up all night and sleeping

1083
00:59:26,600 --> 00:59:29,000
Speaker 1: during the day. And I'm so glad you found the

1084
00:59:29,080 --> 00:59:34,439
Speaker 1: Canada thing. Thank you, John Dom, Welcome back America. I'm

1085
00:59:34,520 --> 00:59:38,760
Speaker 1: Hugh Hewett. Jonathan Williams is the chief executive officer of

1086
00:59:38,760 --> 00:59:42,640
Speaker 1: the American Legislative Exchange Council. He's also great economists. He

1087
00:59:42,760 --> 00:59:45,520
Speaker 1: puts together the Rich States, Poor States book every year,

1088
00:59:45,600 --> 00:59:48,480
Speaker 1: Rich Statespoorstates dot Com. And I got to tell you

1089
00:59:48,680 --> 00:59:52,680
Speaker 1: right now, I got the longer segment for John because

1090
00:59:52,720 --> 00:59:54,440
Speaker 1: we've got to talk about the good, the bad, and

1091
00:59:54,520 --> 00:59:58,000
Speaker 1: the ugly, and that means state taxes. John First, Happy

1092
00:59:58,080 --> 00:59:59,400
Speaker 1: New Year to Jonathan Williams.

1093
01:00:00,960 --> 01:00:03,200
Speaker 10: Well, likewise, my friend, it's good to see you again.

1094
01:00:03,360 --> 01:00:05,040
Speaker 1: Good to see you, and I hope you've got your

1095
01:00:05,080 --> 01:00:06,400
Speaker 1: snowshovel out. Are you ready?

1096
01:00:08,000 --> 01:00:10,920
Speaker 11: Oh yeah, you know DC they freak out here with

1097
01:00:11,000 --> 01:00:12,720
Speaker 11: about an inch of snow. So this is going to

1098
01:00:12,760 --> 01:00:15,440
Speaker 11: be real this weekend. It's looking like now.

1099
01:00:16,040 --> 01:00:18,240
Speaker 1: It's unfortunate that we've got a new governor. And now

1100
01:00:18,240 --> 01:00:21,200
Speaker 1: I'm Abagail Spanberger as well, and I want to go

1101
01:00:21,320 --> 01:00:23,400
Speaker 1: right to the fact and the first story I read

1102
01:00:23,440 --> 01:00:26,680
Speaker 1: about her, the very first story, is that there's a

1103
01:00:26,800 --> 01:00:31,560
Speaker 1: bill to put a death tax in Virginia. Hasn't everyone

1104
01:00:31,800 --> 01:00:34,840
Speaker 1: learned that people leave your state when you put a

1105
01:00:34,920 --> 01:00:38,120
Speaker 1: death tax in place, well.

1106
01:00:38,040 --> 01:00:41,760
Speaker 10: You would think, I mean, this is pretty common sense stuff, Hugh.

1107
01:00:41,880 --> 01:00:44,240
Speaker 11: I mean, we've had states all across the country looking

1108
01:00:44,320 --> 01:00:46,520
Speaker 11: at ways to get rid of their death taxes.

1109
01:00:47,040 --> 01:00:50,240
Speaker 10: Even in places like New Jersey. When Chris Christie was governor.

1110
01:00:50,800 --> 01:00:54,240
Speaker 11: As part of his deal he struck with the Democrat legislature,

1111
01:00:54,720 --> 01:00:57,000
Speaker 11: they begin to repeal some of their death tax that's

1112
01:00:57,080 --> 01:00:59,400
Speaker 11: on the book. So if even New Jersey is looking

1113
01:00:59,680 --> 01:01:02,640
Speaker 11: to part of their death tax, it's really a head

1114
01:01:02,640 --> 01:01:05,760
Speaker 11: scratcher that you have the left wing Democrats now in

1115
01:01:05,880 --> 01:01:08,040
Speaker 11: charge in Richmond looking to put one into place.

1116
01:01:08,080 --> 01:01:08,760
Speaker 1: And that's not it.

1117
01:01:08,880 --> 01:01:11,520
Speaker 11: As you probably saw on there are long laundry list

1118
01:01:11,600 --> 01:01:14,560
Speaker 11: of tax increases and bad ideas such as repealing right

1119
01:01:14,640 --> 01:01:17,000
Speaker 11: to work, and you can go down the line.

1120
01:01:17,360 --> 01:01:18,960
Speaker 10: I mean, but this is pretty concerning you.

1121
01:01:19,240 --> 01:01:21,800
Speaker 11: And I watched that race very closely with Winston Sears

1122
01:01:21,800 --> 01:01:26,120
Speaker 11: and Abigail Spamberger, and Abigail Spamberger ran all of her

1123
01:01:26,200 --> 01:01:29,920
Speaker 11: ads anyways, came across as a moderate Democrat that I'm.

1124
01:01:29,760 --> 01:01:32,920
Speaker 10: Going to do the sensible thing. I'm a common sense person,

1125
01:01:33,400 --> 01:01:36,680
Speaker 10: and here we are. We'll see how long that lasts. Unfortunately,

1126
01:01:36,720 --> 01:01:37,840
Speaker 10: I don't think it's going to be long.

1127
01:01:38,040 --> 01:01:41,000
Speaker 1: Turns out, Mom, Donnie in address, let's talk about the

1128
01:01:41,160 --> 01:01:43,120
Speaker 1: taxes there. There are a lot of states that are

1129
01:01:43,160 --> 01:01:45,080
Speaker 1: going to go off the good tax pass and there

1130
01:01:45,080 --> 01:01:47,080
Speaker 1: are a lot they're going to do good thing. Let's

1131
01:01:47,160 --> 01:01:49,240
Speaker 1: run through them. What else do they want to raise

1132
01:01:49,320 --> 01:01:52,360
Speaker 1: taxes on besides people dying in Virginia.

1133
01:01:53,680 --> 01:01:55,320
Speaker 10: Well, I mean you name it, right, I mean, it's

1134
01:01:55,360 --> 01:01:56,240
Speaker 10: the old Reagan line.

1135
01:01:56,280 --> 01:01:58,800
Speaker 11: If it moves tax, if it keeps moving regulated, if

1136
01:01:58,840 --> 01:02:01,800
Speaker 11: it stops moving subs. That's unfortunately what we're going to

1137
01:02:01,800 --> 01:02:05,280
Speaker 11: see in Virginia this session. And that's a high income

1138
01:02:05,320 --> 01:02:08,800
Speaker 11: earners tax. I mean they're looking to rival California with

1139
01:02:08,960 --> 01:02:12,640
Speaker 11: high income earner taxes. And so, whether that's that, it's

1140
01:02:12,720 --> 01:02:16,120
Speaker 11: hotel taxes, it's taxes on private clubs, you get on

1141
01:02:16,240 --> 01:02:19,040
Speaker 11: the list, and it is literally any idea you have

1142
01:02:19,600 --> 01:02:22,320
Speaker 11: on tax policy, on raising taxes, they're probably going to

1143
01:02:22,360 --> 01:02:23,080
Speaker 11: pursue it this year.

1144
01:02:23,120 --> 01:02:26,720
Speaker 1: In Richmond, Now, I saw taxes on firearms. Now I

1145
01:02:26,800 --> 01:02:30,040
Speaker 1: think if that's a standalone bill, it's going to be unconstitutional.

1146
01:02:30,240 --> 01:02:32,040
Speaker 1: Is it a standalone bill or is it a general

1147
01:02:32,120 --> 01:02:32,720
Speaker 1: sales tax?

1148
01:02:34,240 --> 01:02:36,760
Speaker 11: Well, I think I've seen it as a as a standalone,

1149
01:02:36,840 --> 01:02:39,320
Speaker 11: but I think it's very possible it gets looped together

1150
01:02:39,400 --> 01:02:42,280
Speaker 11: and as part of a budget as well. And you know,

1151
01:02:42,360 --> 01:02:44,560
Speaker 11: there's lots of ways that this can emerge as we

1152
01:02:44,640 --> 01:02:48,080
Speaker 11: go during session here. But what's really interesting here, Hugh,

1153
01:02:48,280 --> 01:02:50,600
Speaker 11: is that you know, if I'm in North Carolina right now,

1154
01:02:50,760 --> 01:02:52,880
Speaker 11: or if I'm in Tennessee on the other side of

1155
01:02:52,920 --> 01:02:56,040
Speaker 11: the Bristol line, and if I'm in West Virginia, I mean,

1156
01:02:56,240 --> 01:02:59,560
Speaker 11: this is economic development opportunity one oh one to attract

1157
01:02:59,640 --> 01:03:00,640
Speaker 11: Virginia of businesses.

1158
01:03:00,680 --> 01:03:02,400
Speaker 10: And it's as painful as it is as.

1159
01:03:02,280 --> 01:03:05,480
Speaker 11: A Virginia resident to say that these are huge opportunities

1160
01:03:05,520 --> 01:03:08,200
Speaker 11: for those states to continue to make gains. Their states

1161
01:03:08,240 --> 01:03:10,360
Speaker 11: are already way ahead of Virginia in many cases in

1162
01:03:10,400 --> 01:03:13,160
Speaker 11: our rich states poor states index. And you know, this

1163
01:03:13,280 --> 01:03:16,760
Speaker 11: is dynamic competitive environment and we're going to see what

1164
01:03:16,880 --> 01:03:19,360
Speaker 11: those states do to respond to it. Governor Patrick Morrissey,

1165
01:03:19,440 --> 01:03:22,160
Speaker 11: for instance, one of our great friends in West Virginia

1166
01:03:22,560 --> 01:03:24,800
Speaker 11: is per already proposed as state of the State address

1167
01:03:24,880 --> 01:03:28,720
Speaker 11: cutting income taxes across the board once again in that state.

1168
01:03:28,840 --> 01:03:31,520
Speaker 11: So I mean, this is a game on I think

1169
01:03:31,600 --> 01:03:33,520
Speaker 11: in terms of the mid Atlantic region and.

1170
01:03:33,920 --> 01:03:36,800
Speaker 1: Capital and people are mobile. I will not live in

1171
01:03:36,880 --> 01:03:38,880
Speaker 1: a state with a death tax. I just want that's

1172
01:03:38,960 --> 01:03:42,080
Speaker 1: taxing your well twice, it's been taxed before, at least once.

1173
01:03:42,360 --> 01:03:44,760
Speaker 1: I will not do it a second. I'll just leave,

1174
01:03:45,080 --> 01:03:48,840
Speaker 1: and I think other people will. Washington, like Virginia, want

1175
01:03:48,880 --> 01:03:52,160
Speaker 1: to do a millionaire's tex Don't they realize that people

1176
01:03:52,320 --> 01:03:54,800
Speaker 1: can move? I mean not some, but many.

1177
01:03:56,920 --> 01:03:59,600
Speaker 11: Well, the irony there in Washington State is they've been

1178
01:03:59,600 --> 01:04:02,959
Speaker 11: the reppient if so many people coming to Washington because

1179
01:04:02,960 --> 01:04:04,240
Speaker 11: they have been a no income.

1180
01:04:04,080 --> 01:04:05,000
Speaker 10: Tax state forever.

1181
01:04:05,160 --> 01:04:08,840
Speaker 11: Hugh and all the refugees, the tax refugees escaping places

1182
01:04:08,920 --> 01:04:12,320
Speaker 11: like California and other high tax states and going to

1183
01:04:12,480 --> 01:04:14,960
Speaker 11: Washington to take advantage of the fact that they were

1184
01:04:15,000 --> 01:04:17,439
Speaker 11: a no income tax state. As you know, we've talked

1185
01:04:17,440 --> 01:04:20,520
Speaker 11: about their state Supreme Court invented the right in their

1186
01:04:20,600 --> 01:04:23,480
Speaker 11: constitution to have a capital gains income tax and claimed

1187
01:04:23,520 --> 01:04:26,000
Speaker 11: it wasn't an income tax, and here we are, many

1188
01:04:26,040 --> 01:04:28,440
Speaker 11: of us warned that that would be the camel's nose

1189
01:04:28,520 --> 01:04:31,120
Speaker 11: under the tent and then'd be proposing other broad based

1190
01:04:31,160 --> 01:04:34,400
Speaker 11: income taxes. And here we go under Governor Ferguson in

1191
01:04:34,480 --> 01:04:38,880
Speaker 11: the legislature proposing a millionaire's tax. So unfortunately, there's some

1192
01:04:39,000 --> 01:04:40,920
Speaker 11: really bad ideas out there right now, Hugh.

1193
01:04:41,120 --> 01:04:43,200
Speaker 1: But it's not all bad news. You sent me good

1194
01:04:43,280 --> 01:04:46,080
Speaker 1: news as well. That will show up in rich Statespoorstates

1195
01:04:46,120 --> 01:04:49,320
Speaker 1: dot Com come April one. But let's talk about who's

1196
01:04:49,360 --> 01:04:52,320
Speaker 1: doing the right thing. South Carolina, by the way, sounds

1197
01:04:52,360 --> 01:04:53,440
Speaker 1: like a nice place to move to.

1198
01:04:55,400 --> 01:04:57,680
Speaker 11: Well, they've been getting a lot of residents already, and

1199
01:04:58,080 --> 01:05:01,400
Speaker 11: the legislature has just put for a great plan to

1200
01:05:01,520 --> 01:05:04,800
Speaker 11: reduce income taxes. They've obviously had to compete with North

1201
01:05:04,840 --> 01:05:07,680
Speaker 11: Carolina that's been doing very good things for years, kind

1202
01:05:07,720 --> 01:05:10,080
Speaker 11: of see a no income tax state Florida, no income

1203
01:05:10,200 --> 01:05:10,680
Speaker 11: tax state.

1204
01:05:10,760 --> 01:05:13,640
Speaker 10: Georgia has been cutting taxes and so they're looking.

1205
01:05:13,400 --> 01:05:15,360
Speaker 11: At ways to get down to a one point nine

1206
01:05:15,400 --> 01:05:19,240
Speaker 11: to nine percent income tax. So incredible progress there from

1207
01:05:19,240 --> 01:05:22,120
Speaker 11: a state that has not cut taxes as aggressively in

1208
01:05:22,200 --> 01:05:24,800
Speaker 11: recent years. But you know another one that I wanted

1209
01:05:24,840 --> 01:05:29,080
Speaker 11: to mention, Hugh, I just got back from Jefferson City, Missouri, yesterday,

1210
01:05:29,440 --> 01:05:31,919
Speaker 11: where I was on the ground with our Missouri legislators

1211
01:05:31,920 --> 01:05:34,600
Speaker 11: are ALEC delegation, and I have to give a hat

1212
01:05:34,680 --> 01:05:37,640
Speaker 11: tip to Governor Mike Keho, who has put it in

1213
01:05:37,720 --> 01:05:40,160
Speaker 11: a state of state address just recently, but he has

1214
01:05:40,240 --> 01:05:43,880
Speaker 11: a bold plan to completely repeal the Missouri income tax.

1215
01:05:43,920 --> 01:05:46,920
Speaker 11: Seeing all this movement around him and seeing that region

1216
01:05:47,000 --> 01:05:50,280
Speaker 11: with Sarah Huckabee Sanders in Arkansas and Kim Reynolds in

1217
01:05:50,360 --> 01:05:54,000
Speaker 11: Iowa and so many great movers, he realized that Missouri.

1218
01:05:53,760 --> 01:05:56,120
Speaker 10: Is quickly being left behind. They're tired of being middle

1219
01:05:56,120 --> 01:05:56,600
Speaker 10: of the pack.

1220
01:05:56,920 --> 01:05:59,160
Speaker 11: And he's got an ambitious plan to go and repeal

1221
01:05:59,360 --> 01:06:02,200
Speaker 11: the personal ends income taxa Missouri. So a kudos to

1222
01:06:02,280 --> 01:06:05,160
Speaker 11: Governor Kehoe for really being a leader on that this session.

1223
01:06:05,640 --> 01:06:09,280
Speaker 1: And ALEC keeps a great close side the American Legislative

1224
01:06:09,280 --> 01:06:12,000
Speaker 1: Exchange Council ALEC dot org SLASHU keeps an eye on

1225
01:06:12,040 --> 01:06:15,560
Speaker 1: the U haul growth Index inbound states you bought you

1226
01:06:15,720 --> 01:06:19,320
Speaker 1: haul's headed there number one, Texas, number two, Florida, number three,

1227
01:06:19,400 --> 01:06:24,280
Speaker 1: North Carolina, number four, Tennessee outbound states California, Illinois, New Jersey,

1228
01:06:24,320 --> 01:06:27,720
Speaker 1: and New York. You know you think they would learn, Jonathan,

1229
01:06:27,920 --> 01:06:30,440
Speaker 1: And what about we got like forty five seconds the

1230
01:06:30,560 --> 01:06:33,600
Speaker 1: Index of State Education Report which you released this week.

1231
01:06:34,760 --> 01:06:38,120
Speaker 11: Well, brand new education freedom and economic freedom go hand

1232
01:06:38,160 --> 01:06:41,400
Speaker 11: in hand. The Sunshine State, the Free State of Florida

1233
01:06:41,760 --> 01:06:44,640
Speaker 11: number one once again this year in our index, Arizona

1234
01:06:44,760 --> 01:06:49,080
Speaker 11: number two, Arkansas number three. Incredible progress for the lone

1235
01:06:49,160 --> 01:06:51,760
Speaker 11: Star state, the biggest gainer this year after their major

1236
01:06:51,800 --> 01:06:55,200
Speaker 11: school choice expansion that we've talked about a billion dollars

1237
01:06:55,280 --> 01:06:58,160
Speaker 11: going to families and kids across the state of Texas.

1238
01:06:58,240 --> 01:06:59,800
Speaker 10: So lots of great stories there at ALEC.

1239
01:07:00,680 --> 01:07:04,000
Speaker 1: I don't see Ohio on this list, Jonathan, are you

1240
01:07:04,160 --> 01:07:07,720
Speaker 1: doing your Michigan things are? Because I don't think we'll

1241
01:07:07,800 --> 01:07:12,320
Speaker 1: follow up well. Fuck Jarlen William, CEO of al ALC

1242
01:07:12,600 --> 01:07:15,080
Speaker 1: dot org. Thank you friend. I'll be right back on

1243
01:07:15,200 --> 01:07:15,960
Speaker 1: the u U show.

1244
01:07:20,040 --> 01:07:23,520
Speaker 3: Thank you very much, Larry. I'm going to start in

1245
01:07:23,920 --> 01:07:27,400
Speaker 3: French and then I'll switch back to English. Mercy, Larry,

1246
01:07:27,960 --> 01:07:28,680
Speaker 3: Thank you, Larry.

1247
01:07:29,480 --> 01:07:33,560
Speaker 12: It is both the pleasure and the duty to be

1248
01:07:33,680 --> 01:07:38,520
Speaker 12: with you tonight, in this pivotal moment that Canada and

1249
01:07:38,600 --> 01:07:39,120
Speaker 12: the world.

1250
01:07:39,040 --> 01:07:39,640
Speaker 3: Going through.

1251
01:07:41,280 --> 01:07:44,080
Speaker 12: Today, I will talk about a rupture in the world order,

1252
01:07:45,280 --> 01:07:50,960
Speaker 12: the end of a pleasant fiction and the beginning of

1253
01:07:51,240 --> 01:07:57,760
Speaker 12: a harsh reality. What you politics were the large main power.

1254
01:07:58,080 --> 01:08:03,920
Speaker 12: Politics is submitted to no limits, no constraints. On the

1255
01:08:03,960 --> 01:08:06,560
Speaker 12: other end, I would like to tell you that the

1256
01:08:06,640 --> 01:08:10,920
Speaker 12: other countries, especially intermediate powers like Canada, are not powerless.

1257
01:08:13,200 --> 01:08:16,400
Speaker 7: They have the capacity to build a new order that

1258
01:08:16,640 --> 01:08:25,760
Speaker 7: encompasses our values such as respect for human rights, sustainable development, solidarity, sovereignty.

1259
01:08:26,960 --> 01:08:33,320
Speaker 12: And territorial integrity of the various states. The power of

1260
01:08:33,479 --> 01:08:37,400
Speaker 12: the less power starts with honesty.

1261
01:08:39,000 --> 01:08:43,360
Speaker 3: It seems that every day we're reminded that we live

1262
01:08:43,680 --> 01:08:48,040
Speaker 3: in an era of great power rivalry, that the rules

1263
01:08:48,080 --> 01:08:51,680
Speaker 3: based order is fading, that the strong can do what

1264
01:08:51,760 --> 01:08:55,080
Speaker 3: they can and the weak must suffer what they must.

1265
01:08:56,320 --> 01:09:01,559
Speaker 3: And this aphorism of Thucidides is presented as inevitable as

1266
01:09:01,640 --> 01:09:07,280
Speaker 3: the natural logic of international relations reasserting itself. And faced

1267
01:09:07,320 --> 01:09:12,200
Speaker 3: with this logic, there is a strong tendency for countries

1268
01:09:13,000 --> 01:09:18,439
Speaker 3: to go along, to get along, to accommodate, to avoid trouble,

1269
01:09:19,240 --> 01:09:24,360
Speaker 3: to hope that compliance will buy safety. Well it won't,

1270
01:09:26,600 --> 01:09:30,519
Speaker 3: so what are our options? In nineteen seventy eight, the

1271
01:09:30,560 --> 01:09:36,320
Speaker 3: Czech dissident Vaslav Hovel, later president, wrote an essay called

1272
01:09:36,360 --> 01:09:39,400
Speaker 3: the Power of the Powerless, and in it he asked

1273
01:09:39,560 --> 01:09:43,639
Speaker 3: a simple question, how did the communist system sustain itself?

1274
01:09:44,880 --> 01:09:48,800
Speaker 3: And his answer began with a greengrocer. Every morning, the

1275
01:09:48,960 --> 01:09:52,800
Speaker 3: shopkeeper places a sign in his window. Workers of the

1276
01:09:52,880 --> 01:09:57,880
Speaker 3: world unite. He doesn't believe it, no one does, but

1277
01:09:58,000 --> 01:10:02,120
Speaker 3: he places a sign anyway to avoid, to signal compliance,

1278
01:10:02,680 --> 01:10:06,880
Speaker 3: to get along, and because every shopkeeper on every street

1279
01:10:07,000 --> 01:10:11,240
Speaker 3: does the same. The system persists not through violence alone,

1280
01:10:12,160 --> 01:10:16,040
Speaker 3: but through the participation of ordinary people in rituals they

1281
01:10:16,120 --> 01:10:21,679
Speaker 3: privately know to be false. Havell called this living within

1282
01:10:21,760 --> 01:10:25,599
Speaker 3: a lie. The system's power comes not from its truth,

1283
01:10:25,720 --> 01:10:29,479
Speaker 3: but from everyone's willingness to perform as if it were true,

1284
01:10:31,160 --> 01:10:35,080
Speaker 3: and its fragility comes from the same source. When even

1285
01:10:35,200 --> 01:10:39,559
Speaker 3: one person stops performing, when the greengrocer removes his sign,

1286
01:10:39,720 --> 01:10:46,240
Speaker 3: the illusion begins to crack. Friends, it is time for

1287
01:10:46,400 --> 01:11:00,400
Speaker 3: companies and countries to take their signs down. For decadesades,

1288
01:11:00,439 --> 01:11:03,439
Speaker 3: countries like Canada prospered under what we called the rules

1289
01:11:03,479 --> 01:11:08,080
Speaker 3: based international order. We joined its institutions, we praised its principles,

1290
01:11:08,120 --> 01:11:12,240
Speaker 3: We benefited from its predictability, and because of that we

1291
01:11:12,320 --> 01:11:16,880
Speaker 3: could pursue values based foreign policies under its protection. We

1292
01:11:17,000 --> 01:11:20,240
Speaker 3: knew the story of the international rules based order was

1293
01:11:20,320 --> 01:11:24,959
Speaker 3: partially false, that the strongest would exempt themselves when convenient,

1294
01:11:25,479 --> 01:11:31,439
Speaker 3: that trade rules were enforced asymmetrically, and we knew that

1295
01:11:31,600 --> 01:11:34,919
Speaker 3: international law applied with varying rigor depending on the identity

1296
01:11:35,000 --> 01:11:39,880
Speaker 3: of the accused or the victim. This fiction was useful,

1297
01:11:40,640 --> 01:11:45,800
Speaker 3: and American hegemony in particular helped provide public goods, open

1298
01:11:45,880 --> 01:11:50,280
Speaker 3: sea lanes, a stable financial system, collective security, and support

1299
01:11:50,400 --> 01:11:55,080
Speaker 3: for frameworks for resolving disputes. So we placed the sign

1300
01:11:55,280 --> 01:12:00,160
Speaker 3: in the window, We participated in the rituals, and we

1301
01:12:00,320 --> 01:12:04,080
Speaker 3: largely avoided calling out the gaps between rhetoric and reality.

1302
01:12:05,600 --> 01:12:10,519
Speaker 3: This bargain no longer works. Let me be direct. We

1303
01:12:10,840 --> 01:12:13,400
Speaker 3: are in the midst of a rupture, not a transition.

1304
01:12:14,640 --> 01:12:18,840
Speaker 3: Over the past two decades, a series of crises in finance, health, energy,

1305
01:12:18,880 --> 01:12:22,679
Speaker 3: and geopolitics have laid bare the risks of extreme global integration.

1306
01:12:23,520 --> 01:12:27,879
Speaker 3: But more recently, great powers have begun using economic integration

1307
01:12:28,160 --> 01:12:33,719
Speaker 3: as weapons. Tariffs's leverage, financial infrastructure is coercion, supply chains

1308
01:12:33,800 --> 01:12:39,000
Speaker 3: as vulnerabilities to be exploited. You cannot live within the

1309
01:12:39,120 --> 01:12:43,840
Speaker 3: lie of mutual benefit through integration when integration becomes the

1310
01:12:44,000 --> 01:12:50,960
Speaker 3: source of your subordination. The multilateral institutions on which the

1311
01:12:51,040 --> 01:12:55,920
Speaker 3: Middle Powers have relied, the wto the UN, the COP

1312
01:12:56,479 --> 01:13:01,960
Speaker 3: the architecture, the very architecture of collective problems solving, are

1313
01:13:02,040 --> 01:13:05,920
Speaker 3: under threat, and as a result, many countries are drawing

1314
01:13:05,960 --> 01:13:10,240
Speaker 3: the same conclusions that they must develop greater strategic autonomy

1315
01:13:10,920 --> 01:13:14,719
Speaker 3: in energy, food, critical minerals, in finance and supply chains.

1316
01:13:15,680 --> 01:13:20,000
Speaker 3: And this impulse is understandable. A country that can't feed itself,

1317
01:13:20,080 --> 01:13:24,120
Speaker 3: fuel itself, or defend itself has few options. When the

1318
01:13:24,240 --> 01:13:28,680
Speaker 3: rules no longer protect you, you must protect yourself. But

1319
01:13:28,800 --> 01:13:32,559
Speaker 3: let's be clear eyed about where this leads. A world

1320
01:13:32,640 --> 01:13:36,600
Speaker 3: of fortresses will be poorer, more fragile, and less sustainable.

1321
01:13:37,760 --> 01:13:42,000
Speaker 3: And there's another truth. If great powers abandoned even the

1322
01:13:42,080 --> 01:13:45,600
Speaker 3: pretense of rules and values for the unhindered pursuit of

1323
01:13:45,720 --> 01:13:51,400
Speaker 3: their power and interests, the gains from transactionalism will become

1324
01:13:51,560 --> 01:14:00,599
Speaker 3: harder to replicate. Hegemonds cannot continually monetize their relationships. Allies

1325
01:14:00,640 --> 01:14:06,200
Speaker 3: will diversify to hedge against uncertainty. They'll buy insurance, increase

1326
01:14:06,280 --> 01:14:11,360
Speaker 3: options in order to rebuild sovereignty. Sovereignty that was once

1327
01:14:11,479 --> 01:14:14,840
Speaker 3: grounded in rules, but will increasingly be anchored in the

1328
01:14:14,960 --> 01:14:22,000
Speaker 3: ability to withstand pressure. This room knows this is classic

1329
01:14:22,280 --> 01:14:27,880
Speaker 3: risk management. Risk management comes at a price, but that

1330
01:14:28,080 --> 01:14:32,080
Speaker 3: cost of strategic autonomy of sovereignty can also be shared.

1331
01:14:33,400 --> 01:14:37,640
Speaker 3: Collective investments and resilience are cheaper than everyone building their

1332
01:14:37,640 --> 01:14:44,479
Speaker 3: own fortresses. Shared standards reduce fragmentations. Complementarities are positive sum

1333
01:14:45,800 --> 01:14:48,479
Speaker 3: and the question for middle powers like Canada is not

1334
01:14:48,720 --> 01:14:52,960
Speaker 3: whether to adapt to the new reality we must. The

1335
01:14:53,080 --> 01:14:56,519
Speaker 3: question is whether we adapt by simply building higher walls,

1336
01:14:56,880 --> 01:14:59,519
Speaker 3: or whether we can do something more ambitious.

1337
01:15:02,040 --> 01:15:02,160
Speaker 1: Now.

1338
01:15:02,280 --> 01:15:05,240
Speaker 3: Canada was amongst the first to hear the wake up

1339
01:15:05,360 --> 01:15:11,240
Speaker 3: call leading us to fundamentally shift our strategic posture. Canadians

1340
01:15:11,320 --> 01:15:14,360
Speaker 3: know that our old comfortable assumptions that our geography and

1341
01:15:14,400 --> 01:15:20,600
Speaker 3: alliance memberships automatically conferred prosperity and security, that assumption is

1342
01:15:20,680 --> 01:15:24,519
Speaker 3: no longer valid, and our new approach rests on what

1343
01:15:24,680 --> 01:15:29,800
Speaker 3: Alexander Stubb, the President of Finland, has termed value based realism, or,

1344
01:15:29,840 --> 01:15:33,320
Speaker 3: to put another way, we aim to be both principled

1345
01:15:33,400 --> 01:15:39,320
Speaker 3: and pragmatic. Principled in our commitment to fundamental values sovereignty,

1346
01:15:39,640 --> 01:15:43,160
Speaker 3: territorial integrity, the prohibition of the use of force except

1347
01:15:43,240 --> 01:15:46,960
Speaker 3: when consistent with the UN Charter, in respect for human rights,

1348
01:15:48,040 --> 01:15:52,200
Speaker 3: and pragmatic and recognizing the progress is often incremental, that

1349
01:15:52,720 --> 01:15:56,680
Speaker 3: interests diverged, that not every partner will share all of

1350
01:15:56,760 --> 01:16:02,160
Speaker 3: our values. So we're engaging broadlytrategically with open eyes. We

1351
01:16:02,320 --> 01:16:05,960
Speaker 3: actively take on the world as it is not weight

1352
01:16:06,040 --> 01:16:11,320
Speaker 3: around for world we wish to be. We are calibrating

1353
01:16:11,360 --> 01:16:15,639
Speaker 3: our relationships so their depth reflects our values, and we're

1354
01:16:15,720 --> 01:16:20,120
Speaker 3: prioritizing broad engagement to maximize our influence. And given the

1355
01:16:20,160 --> 01:16:22,960
Speaker 3: fluidity of the world at the moment, the risks that

1356
01:16:23,080 --> 01:16:27,680
Speaker 3: this poses and the stakes for what comes next, and

1357
01:16:27,800 --> 01:16:29,920
Speaker 3: we are no longer just relying on the strength of

1358
01:16:30,000 --> 01:16:34,920
Speaker 3: our values, but also the value of our strength. We

1359
01:16:35,000 --> 01:16:39,679
Speaker 3: are building that strength at home. Since my government took office,

1360
01:16:39,720 --> 01:16:42,519
Speaker 3: we have cut taxes on incomes, on capital gains and

1361
01:16:42,600 --> 01:16:47,160
Speaker 3: business investment. We have removed all federal barriers to interprovincial trade.

1362
01:16:47,560 --> 01:16:51,639
Speaker 3: We are fast tracking eight trillion dollars of investments in energy, AI,

1363
01:16:51,800 --> 01:16:55,360
Speaker 3: critical minerals, new trade corridors and beyond. We're doubling our

1364
01:16:55,400 --> 01:16:58,360
Speaker 3: defense spending by the end of this decade, and we're

1365
01:16:58,400 --> 01:17:02,080
Speaker 3: doing so in ways that build our domestic industries, and

1366
01:17:02,240 --> 01:17:07,400
Speaker 3: we are rapidly diversifying abroad. We've agreed a comprehensive strategic

1367
01:17:07,479 --> 01:17:12,559
Speaker 3: partnership with the EU, including joining safe the European Defense

1368
01:17:12,640 --> 01:17:17,080
Speaker 3: Procurement Arrangements. We have signed twelve other trade and security

1369
01:17:17,120 --> 01:17:20,719
Speaker 3: deals on four continents in six months. In the past

1370
01:17:20,760 --> 01:17:24,880
Speaker 3: few days, we've concluded new strategic partnerships with China and

1371
01:17:25,000 --> 01:17:29,519
Speaker 3: cutter We're negotiating free trade packs with India, assion Thailand,

1372
01:17:29,560 --> 01:17:35,439
Speaker 3: Philippines and Marcasar. We're doing something else to help solve

1373
01:17:35,520 --> 01:17:40,240
Speaker 3: global problems. We're pursuing variable geometry. In other words, different

1374
01:17:40,360 --> 01:17:44,320
Speaker 3: coalitions for different issues based on common values and interests.

1375
01:17:45,320 --> 01:17:48,120
Speaker 3: So on Ukraine, we're a core member of the Coalition

1376
01:17:48,240 --> 01:17:50,799
Speaker 3: of the Willing and one of the largest per capita

1377
01:17:50,960 --> 01:17:56,519
Speaker 3: contributors to its defense and security. On Arctic's sovereignty, we

1378
01:17:56,680 --> 01:18:01,400
Speaker 3: stand firmly with Greenland and Denmark and fully support their

1379
01:18:01,520 --> 01:18:14,360
Speaker 3: unique right to determine Greenland's future. Our commitment to NATO's

1380
01:18:14,439 --> 01:18:20,280
Speaker 3: Article five is unwavering, so we're working with our NATO allies,

1381
01:18:20,360 --> 01:18:24,640
Speaker 3: including the Nordic Baltic Gate, to further secure the alliance's

1382
01:18:24,760 --> 01:18:30,920
Speaker 3: northern and western flanks, including through Canada's unprecedented investments in

1383
01:18:31,080 --> 01:18:35,040
Speaker 3: over the horizon, radar, in submarines, in aircraft, and boots

1384
01:18:35,080 --> 01:18:40,759
Speaker 3: on the ground boots on the ice. Canada strongly opposes

1385
01:18:40,840 --> 01:18:45,040
Speaker 3: tariffs over Greenland and calls for focused talks to achieve

1386
01:18:46,000 --> 01:18:49,720
Speaker 3: our shared objectives of security and prosperity. In the art

1387
01:18:51,840 --> 01:18:55,280
Speaker 3: on purilateral trade, we're championing efforts to build a bridge

1388
01:18:55,320 --> 01:18:59,000
Speaker 3: between the Transpacific Partnership in the European Union, which would

1389
01:18:59,040 --> 01:19:02,400
Speaker 3: create a new trade block of one point five billion people.

1390
01:19:03,479 --> 01:19:06,240
Speaker 3: On critical minerals, we're forming buyers clubs anchored in the

1391
01:19:06,320 --> 01:19:09,080
Speaker 3: G seven so that the world can diverse fly away

1392
01:19:09,200 --> 01:19:14,120
Speaker 3: from concentrated supply. And on AI we're cooperating with like

1393
01:19:14,200 --> 01:19:18,559
Speaker 3: minded democracies to ensure that we won't ultimately be forced

1394
01:19:18,760 --> 01:19:25,920
Speaker 3: to choose between hedgemons and hyperscalers. This is not naive multilateralism,

1395
01:19:26,600 --> 01:19:32,400
Speaker 3: nor is it relying on their institutions. It's building coalitions

1396
01:19:32,439 --> 01:19:36,479
Speaker 3: that work issues by issue with partners who share enough

1397
01:19:36,760 --> 01:19:41,320
Speaker 3: common ground to act together. In some cases, this will

1398
01:19:41,360 --> 01:19:45,439
Speaker 3: be the vast majority of nations. What it's doing is

1399
01:19:45,560 --> 01:19:49,080
Speaker 3: creating a dense web of connections across trade, investment culture

1400
01:19:49,520 --> 01:19:53,040
Speaker 3: on which we can draw for future challenges and opportunities.

1401
01:19:55,920 --> 01:19:58,639
Speaker 3: Argue the Middle powers must act together because if we're

1402
01:19:58,680 --> 01:20:04,439
Speaker 3: not at the table. We're on them menu. But I'd

1403
01:20:04,479 --> 01:20:08,439
Speaker 3: also say that great powers. Great powers can afford for

1404
01:20:08,600 --> 01:20:10,960
Speaker 3: now to go it alone. They have the market size,

1405
01:20:11,000 --> 01:20:15,559
Speaker 3: the military capacity, and the leverage to dictate terms. Middle

1406
01:20:15,640 --> 01:20:20,200
Speaker 3: powers do not. But when we only negotiate bilaterally with

1407
01:20:20,360 --> 01:20:24,639
Speaker 3: a hedgemoont we negotiate from weakness. We accept what's offered.

1408
01:20:25,439 --> 01:20:28,120
Speaker 3: We compete with each other to be the most accommodating.

1409
01:20:29,479 --> 01:20:33,160
Speaker 3: This is not sovereignty, it's the performance of sovereignty while

1410
01:20:33,200 --> 01:20:39,120
Speaker 3: accepting subordination. In a world of great power rivalry, the

1411
01:20:39,200 --> 01:20:42,960
Speaker 3: countries in between have a choice compete with each other

1412
01:20:43,120 --> 01:20:47,160
Speaker 3: for favor or to combine to create a third path

1413
01:20:47,479 --> 01:20:53,160
Speaker 3: with impact. We shouldn't allow the rise of hard power

1414
01:20:53,280 --> 01:20:58,000
Speaker 3: to blind us to the fact that the power of legitimacy, integrity,

1415
01:20:58,120 --> 01:21:01,759
Speaker 3: and rules will remain strong if we choose to wield

1416
01:21:01,840 --> 01:21:07,400
Speaker 3: them together. Which brings me back to hal what does

1417
01:21:07,479 --> 01:21:11,880
Speaker 3: it mean for middle powers to live the truth first?

1418
01:21:11,920 --> 01:21:16,599
Speaker 3: It means naming reality, stop invoking rules based international order

1419
01:21:17,320 --> 01:21:20,560
Speaker 3: as though it still functions as advertised. Call it what

1420
01:21:20,720 --> 01:21:25,240
Speaker 3: it is, a system of intensifying great power rivalry where

1421
01:21:25,280 --> 01:21:29,439
Speaker 3: the most powerful pursue their interests using economic integration, as coercion.

1422
01:21:31,120 --> 01:21:35,360
Speaker 3: It means acting consistently applying the same standards to allies

1423
01:21:35,439 --> 01:21:40,479
Speaker 3: and rivals. When middle powers criticize economic intimidation from one

1424
01:21:40,560 --> 01:21:43,680
Speaker 3: direction but stay silent when it comes from another, we

1425
01:21:43,840 --> 01:21:48,920
Speaker 3: are keeping the sign in the window. It means building

1426
01:21:49,160 --> 01:21:52,840
Speaker 3: what we claim to believe in, rather than waiting for

1427
01:21:52,920 --> 01:21:56,320
Speaker 3: the old order to be restored. It means creating institutions

1428
01:21:56,720 --> 01:22:01,320
Speaker 3: and agreements that function is described. It means reducing the

1429
01:22:01,400 --> 01:22:05,879
Speaker 3: leverage that enables coercion. That's building a strong domestic economy.

1430
01:22:05,920 --> 01:22:11,240
Speaker 3: It should be every government's immediate priority. And diversification internationally

1431
01:22:11,400 --> 01:22:15,040
Speaker 3: is not just economic prudence, it's a material foundation for

1432
01:22:15,160 --> 01:22:19,160
Speaker 3: honest foreign policy because countries earn the right to principled

1433
01:22:19,240 --> 01:22:27,799
Speaker 3: stands by reducing their vulnerability to retaliation. So Canada, Canada

1434
01:22:28,439 --> 01:22:32,160
Speaker 3: has what the world wants. We are an energy superpower.

1435
01:22:32,520 --> 01:22:35,720
Speaker 3: We hold vast reserves of critical minerals. We have the

1436
01:22:35,880 --> 01:22:39,840
Speaker 3: most educated population in the world. Our pension funds are

1437
01:22:39,880 --> 01:22:43,920
Speaker 3: amongst the world's largest and most sophisticated investors. In other words,

1438
01:22:44,000 --> 01:22:47,160
Speaker 3: we have capital talent. We also have a government with

1439
01:22:47,479 --> 01:22:53,760
Speaker 3: immense fiscal capacity to act decisively, and we have the

1440
01:22:53,880 --> 01:22:58,840
Speaker 3: values to which many others aspire. Canada is a pluralistic

1441
01:22:59,000 --> 01:23:02,799
Speaker 3: society that we're works. Our public square is loud, diverse,

1442
01:23:02,880 --> 01:23:08,360
Speaker 3: and free. Canadians remain committed to sustainability. We are a

1443
01:23:08,439 --> 01:23:12,080
Speaker 3: stable and reliable partner in a world that is anything

1444
01:23:12,160 --> 01:23:15,760
Speaker 3: but a partner that builds and values relationships for the

1445
01:23:15,840 --> 01:23:19,960
Speaker 3: long term. And we have something else. We have a

1446
01:23:20,040 --> 01:23:23,840
Speaker 3: recognition of what's happening and a determination to act accordingly.

1447
01:23:24,760 --> 01:23:27,760
Speaker 3: We understand that this rupture calls for more than adaptation.

1448
01:23:28,320 --> 01:23:30,479
Speaker 3: It calls for honesty about the world as it is.

1449
01:23:31,560 --> 01:23:34,400
Speaker 3: We are taking a sign out of the window. We

1450
01:23:34,600 --> 01:23:38,360
Speaker 3: know the old order is not coming back. We shouldn't

1451
01:23:38,360 --> 01:23:43,479
Speaker 3: warn it. Nostalgia is not a strategy, but we believe

1452
01:23:43,640 --> 01:23:47,479
Speaker 3: that from the fracture we can build something bigger, better, stronger,

1453
01:23:47,720 --> 01:23:51,519
Speaker 3: more just. This is the task of the middle powers,

1454
01:23:52,600 --> 01:23:54,920
Speaker 3: the countries that have the most to lose from a

1455
01:23:55,000 --> 01:23:59,280
Speaker 3: world of fortresses and a most to gain from genuine cooperation.

1456
01:24:00,880 --> 01:24:06,160
Speaker 3: The powerful have their power. We have something to the

1457
01:24:06,280 --> 01:24:10,720
Speaker 3: capacity to stop pretending, to name reality, to build our

1458
01:24:10,720 --> 01:24:16,200
Speaker 3: strength at home, and to act together. That is Canada's path.

1459
01:24:17,200 --> 01:24:20,680
Speaker 3: We choose it openly and confidently, and it is a

1460
01:24:20,800 --> 01:24:25,040
Speaker 3: path wide open to any country willing to take it

1461
01:24:25,439 --> 01:24:25,800
Speaker 3: with us.

1462
01:24:26,479 --> 01:24:27,200
Speaker 5: Thank you very much.

1463
01:24:49,320 --> 01:24:50,439
Speaker 3: Well, thank you Prime Minister.

1464
01:24:50,920 --> 01:24:52,920
Speaker 13: I don't think I've seen many standing ovations.

1465
01:24:52,600 --> 01:24:56,479
Speaker 3: At devils, so that was interesting. You said.

1466
01:24:56,520 --> 01:24:58,160
Speaker 13: There was a phrase in your speech where you said,

1467
01:24:58,200 --> 01:25:03,519
Speaker 13: sovereignty now is the ability to withstand pressure. Isn't Canada

1468
01:25:04,439 --> 01:25:07,519
Speaker 13: almost uniquely vulnerable to pressure because of the extent of

1469
01:25:07,600 --> 01:25:09,439
Speaker 13: your trade dependence on the United States.

1470
01:25:10,000 --> 01:25:14,880
Speaker 3: Well, the proof is that we have been able to

1471
01:25:14,960 --> 01:25:19,040
Speaker 3: withstand the pressure, and there has been considerable pressure. I'll

1472
01:25:19,040 --> 01:25:21,240
Speaker 3: give you a couple of facts. We've actually created more

1473
01:25:21,320 --> 01:25:24,160
Speaker 3: jobs since the tariffs were put on than the United

1474
01:25:24,200 --> 01:25:28,240
Speaker 3: States in absolute number, economies growing at the second fastest

1475
01:25:28,280 --> 01:25:32,519
Speaker 3: rate within the G seven. There are pockets of extreme pressure,

1476
01:25:32,560 --> 01:25:37,920
Speaker 3: without question in Canada. But headline, we're reacting. The second thing,

1477
01:25:38,040 --> 01:25:40,800
Speaker 3: and it's a fundamental point, is the recognition that we

1478
01:25:40,960 --> 01:25:45,479
Speaker 3: can give ourselves far more than any foreign country can

1479
01:25:45,560 --> 01:25:49,240
Speaker 3: take away. There's lots of efficiencies in having one Canadian market,

1480
01:25:49,520 --> 01:25:54,639
Speaker 3: the trillion dollars of domestic investment and building these partnerships abroad,

1481
01:25:55,200 --> 01:25:59,519
Speaker 3: all of which are bigger returns than what's been lost.

1482
01:26:00,040 --> 01:26:01,960
Speaker 3: That's not to say we would rather not lose it,

1483
01:26:02,560 --> 01:26:04,479
Speaker 3: but we can withstand the pressure, and we are.

1484
01:26:04,920 --> 01:26:07,280
Speaker 13: I was interested that you said basically, the old world's

1485
01:26:07,360 --> 01:26:09,719
Speaker 13: not coming back, so you're not seeing this as a period.

1486
01:26:09,800 --> 01:26:12,759
Speaker 3: We just have to get through a normalcy. We'll return.

1487
01:26:13,280 --> 01:26:18,120
Speaker 3: I think that is what that is our view, and

1488
01:26:18,400 --> 01:26:20,759
Speaker 3: we regret it, but we're not going to sit around

1489
01:26:20,800 --> 01:26:26,439
Speaker 3: and mourn it. We're acting, and we're acting in a

1490
01:26:26,520 --> 01:26:29,880
Speaker 3: way both it's in our interests, but we believe in

1491
01:26:29,960 --> 01:26:34,880
Speaker 3: a way with others that's building imperfectly in steps a

1492
01:26:34,920 --> 01:26:37,160
Speaker 3: new system. I'll give you one example on handback, which

1493
01:26:37,240 --> 01:26:41,840
Speaker 3: is we're members of We are members of trade agreements

1494
01:26:42,200 --> 01:26:45,240
Speaker 3: that comprise already one point four billion people around the world,

1495
01:26:45,439 --> 01:26:48,679
Speaker 3: so we have the most extensive network. We are trying

1496
01:26:49,000 --> 01:26:51,640
Speaker 3: with others to bring some of those networks together. The

1497
01:26:51,720 --> 01:26:55,479
Speaker 3: most prominent example is the transpecific partnership in the EU

1498
01:26:55,920 --> 01:26:59,080
Speaker 3: acting of a bridge. It's it's not a direct benefit

1499
01:26:59,160 --> 01:27:01,680
Speaker 3: for Canada, but it is a benefit for Canada that

1500
01:27:01,800 --> 01:27:06,200
Speaker 3: these groups come together, ANGOZI is here consistent with the

1501
01:27:06,400 --> 01:27:09,960
Speaker 3: WTO rules, both of which are and in that way

1502
01:27:10,040 --> 01:27:12,599
Speaker 3: we're building back out amongst willing partners.

1503
01:27:13,840 --> 01:27:17,920
Speaker 13: And you talked about the need not to put the

1504
01:27:18,000 --> 01:27:20,720
Speaker 13: sign in the window anymore to pretend that things are

1505
01:27:20,800 --> 01:27:25,040
Speaker 13: still the same. Do you think to put it directly

1506
01:27:25,080 --> 01:27:27,599
Speaker 13: that the NATO Alliance is still doing that, still pretending

1507
01:27:27,680 --> 01:27:30,280
Speaker 13: it's the old Transatlantic partnership when it's.

1508
01:27:30,200 --> 01:27:36,440
Speaker 3: Really kind of going. I think clearly NATO is experiencing

1509
01:27:36,479 --> 01:27:40,040
Speaker 3: a test right now, and the first response to that

1510
01:27:40,240 --> 01:27:43,160
Speaker 3: test has to be to respond in a way that

1511
01:27:43,479 --> 01:27:46,880
Speaker 3: ensures the security of the Arctic in a robust way

1512
01:27:47,000 --> 01:27:53,080
Speaker 3: for all possibilities. This is actually a point that we

1513
01:27:53,160 --> 01:27:55,560
Speaker 3: have been making in recent years. It's a point that

1514
01:27:55,680 --> 01:27:58,840
Speaker 3: I made at the NATO summit back in June, which

1515
01:27:58,880 --> 01:28:02,360
Speaker 3: seemed like a pledging some but also was a was

1516
01:28:02,800 --> 01:28:05,680
Speaker 3: to get NATO policies in the right direction. So I

1517
01:28:05,720 --> 01:28:10,680
Speaker 3: think in the immediate term one of the imperatives is

1518
01:28:10,840 --> 01:28:14,519
Speaker 3: to reinforce things that Canada is doing, Nordic balter Kate

1519
01:28:14,640 --> 01:28:18,040
Speaker 3: are doing, the UK are doing other NATO partners France

1520
01:28:18,080 --> 01:28:23,040
Speaker 3: included in a comprehensive way that provides much greater security

1521
01:28:23,439 --> 01:28:26,160
Speaker 3: in the Artic that this is the test, and so

1522
01:28:26,320 --> 01:28:29,200
Speaker 3: I wouldn't say the sign, the NATO sign stays in

1523
01:28:29,280 --> 01:28:32,400
Speaker 3: the window, but we've got to meet the moment of that.

1524
01:28:33,200 --> 01:28:35,479
Speaker 13: You also a big theme of your speech was the

1525
01:28:35,560 --> 01:28:38,200
Speaker 13: need for middle powers to work together. But you've just

1526
01:28:38,320 --> 01:28:41,840
Speaker 13: been to the other great power, to China, and I

1527
01:28:41,880 --> 01:28:45,600
Speaker 13: think people very intrigued by seeing that meeting. And some

1528
01:28:45,760 --> 01:28:49,880
Speaker 13: people say, kind of that's a mistake, really because you

1529
01:28:49,960 --> 01:28:52,559
Speaker 13: know you're going to make yourself more dependent on China.

1530
01:28:52,760 --> 01:28:57,200
Speaker 13: They're not that benign either. The US will be very annoyed.

1531
01:28:57,280 --> 01:28:59,000
Speaker 13: What's what's the defense of what you're doing and what

1532
01:28:59,080 --> 01:28:59,840
Speaker 13: do you have to get out of it?

1533
01:29:00,280 --> 01:29:02,679
Speaker 3: Well, the first thing is to say, it's not a defense.

1534
01:29:02,720 --> 01:29:04,800
Speaker 3: It's an I know the way you frame the question,

1535
01:29:04,960 --> 01:29:09,120
Speaker 3: but it's offense, it's building out, it's something positive as

1536
01:29:09,120 --> 01:29:13,799
Speaker 3: opposed to against. We're for something as opposed to being against.

1537
01:29:13,960 --> 01:29:18,360
Speaker 3: The second is they're very clear guardrails in that relationship.

1538
01:29:18,439 --> 01:29:21,639
Speaker 3: I spoke of calibration of relationships in my remarks, that's

1539
01:29:21,680 --> 01:29:25,400
Speaker 3: what I mean by it. But within those clear guardrails

1540
01:29:25,479 --> 01:29:29,320
Speaker 3: are huge opportunities in energy, both clean and conventional, obviously,

1541
01:29:29,439 --> 01:29:33,000
Speaker 3: in motor vehicles, in agriculture, in financial services, all of

1542
01:29:33,080 --> 01:29:37,360
Speaker 3: which is mutually beneficial. So it's additive. And look, it's

1543
01:29:37,400 --> 01:29:40,280
Speaker 3: the second largest economy and it's our second largest trading partner.

1544
01:29:40,520 --> 01:29:44,240
Speaker 3: We should have a strategic partnership with them in that

1545
01:29:45,200 --> 01:29:47,120
Speaker 3: within those guardrails, and that's what we've achieved.

1546
01:29:47,320 --> 01:29:49,439
Speaker 13: And it is an interest and reversal though because I

1547
01:29:49,479 --> 01:29:52,639
Speaker 13: think certainly during the Biden administration, there was this sense

1548
01:29:52,720 --> 01:29:55,960
Speaker 13: that the Western world was trying to decouple from China

1549
01:29:56,120 --> 01:29:58,720
Speaker 13: or the risk at least, and is now in this

1550
01:29:58,920 --> 01:30:01,280
Speaker 13: new world really going to go into reverse and de

1551
01:30:01,439 --> 01:30:05,160
Speaker 13: risking from China because there are other risks is less

1552
01:30:05,240 --> 01:30:05,680
Speaker 13: of a.

1553
01:30:05,760 --> 01:30:09,120
Speaker 3: Thing you need. Again, many in this room, this is

1554
01:30:09,160 --> 01:30:12,760
Speaker 3: there live. You need a web of connections and to

1555
01:30:12,920 --> 01:30:16,000
Speaker 3: miss out in that web some of the largest ones

1556
01:30:16,280 --> 01:30:20,000
Speaker 3: United States, we already have that China, India, Mercers or

1557
01:30:20,360 --> 01:30:24,880
Speaker 3: European Union. That's a mistake. That's not managing your relationships properly.

1558
01:30:25,160 --> 01:30:27,240
Speaker 3: That makes you stronger, it makes you more resilient. And

1559
01:30:27,320 --> 01:30:29,840
Speaker 3: then on top of that, I'll give you again all

1560
01:30:29,920 --> 01:30:33,599
Speaker 3: appeal since it's in the headlines to the Nordics, Nordix

1561
01:30:33,600 --> 01:30:37,240
Speaker 3: plus Canada, it's twenty percent of global GDP. It's not

1562
01:30:37,560 --> 01:30:40,320
Speaker 3: the first thing people would realize, but that relationship, which

1563
01:30:40,360 --> 01:30:44,920
Speaker 3: is deepening for security reasons, because we're like minded. Those

1564
01:30:45,040 --> 01:30:47,519
Speaker 3: are the types of partnerships that I think we'll see more.

1565
01:30:48,040 --> 01:30:50,320
Speaker 13: And you've got a round of applause when you said

1566
01:30:50,520 --> 01:30:53,800
Speaker 13: something strong about standing on principle on Greenland.

1567
01:30:55,479 --> 01:30:59,120
Speaker 3: Do you think we can find an off ramp on that.

1568
01:30:59,280 --> 01:31:01,120
Speaker 1: I mean, I'm sure you'll speak of it.

1569
01:31:01,280 --> 01:31:02,720
Speaker 3: But put it this way.

1570
01:31:02,720 --> 01:31:04,320
Speaker 1: If there isn't an off ramp, where does this cut.

1571
01:31:05,200 --> 01:31:08,840
Speaker 3: I strongly believe that there is a bet there's a

1572
01:31:08,880 --> 01:31:12,080
Speaker 3: better outcome that come from the discussions that have been

1573
01:31:12,200 --> 01:31:17,480
Speaker 3: catalyzed in an unusual way. Mantley. But and we absolutely

1574
01:31:17,560 --> 01:31:24,559
Speaker 3: stand by the principles that I referenced. That solution starts

1575
01:31:25,080 --> 01:31:28,120
Speaker 3: with security, and a security yes of Greenland, but more

1576
01:31:28,200 --> 01:31:33,479
Speaker 3: broadly of the Arctic. Canada is four square contributing to that.

1577
01:31:34,240 --> 01:31:36,320
Speaker 3: We're at the start of a major ramp up above

1578
01:31:36,360 --> 01:31:39,040
Speaker 3: and beyond, so we will be a major contributor to that.

1579
01:31:39,520 --> 01:31:42,600
Speaker 3: NATO has to deliver on that. We're working intensively in

1580
01:31:42,760 --> 01:31:47,000
Speaker 3: order to do it as well prosperity for the people

1581
01:31:47,080 --> 01:31:51,320
Speaker 3: of Greenland. In the end, it comes back to the

1582
01:31:51,360 --> 01:31:54,040
Speaker 3: people there, and there are opportunities to do that in

1583
01:31:54,200 --> 01:31:56,759
Speaker 3: ways that would strengthen all of the alliance.

1584
01:31:57,120 --> 01:31:59,600
Speaker 13: And when President Trump says, oh, you know, Greenland's on

1585
01:31:59,640 --> 01:32:02,920
Speaker 13: the threat from Russia, even from China, is that for real.

1586
01:32:06,000 --> 01:32:09,559
Speaker 3: I would say that there are threat. Russia is without

1587
01:32:09,800 --> 01:32:13,680
Speaker 3: question a threat in the Arctic. Without question, Russia does

1588
01:32:13,760 --> 01:32:17,120
Speaker 3: lots of horrible things, and I'll take the opportunity to

1589
01:32:19,520 --> 01:32:25,040
Speaker 3: condemn their unjustified and horrific assault on Ukraine almost at

1590
01:32:25,080 --> 01:32:28,800
Speaker 3: its fourth year. They are a real threat in the Arctic,

1591
01:32:29,320 --> 01:32:32,840
Speaker 3: one against we need to protect, which is why we

1592
01:32:33,040 --> 01:32:36,680
Speaker 3: have two hundred sixty four five day air sea and

1593
01:32:37,080 --> 01:32:40,400
Speaker 3: land presence. Is why we're adding to our submarine fleet,

1594
01:32:40,560 --> 01:32:45,000
Speaker 3: adding to our air fighter fleet, why we're building out

1595
01:32:45,120 --> 01:32:48,559
Speaker 3: over the horizon radar to protect from Russian missile threats

1596
01:32:48,560 --> 01:32:51,799
Speaker 3: and others, and why we will work with our NATO partners.

1597
01:32:53,640 --> 01:32:58,200
Speaker 3: The threat is more perspective than actual at this stage

1598
01:32:58,240 --> 01:33:01,400
Speaker 3: in terms of actual actives in the Arctic, and we

1599
01:33:01,479 --> 01:33:03,320
Speaker 3: intend to keep it that way.

1600
01:33:04,400 --> 01:33:06,280
Speaker 13: Another big issue that's going to come up this week

1601
01:33:07,120 --> 01:33:10,400
Speaker 13: is this Board of Peace that President Trump is keen on.

1602
01:33:11,320 --> 01:33:13,200
Speaker 13: I'm not sure whether it's for Gaza or for the

1603
01:33:13,400 --> 01:33:16,160
Speaker 13: entire world, but apparently Canada has been invited.

1604
01:33:16,200 --> 01:33:19,240
Speaker 3: Are you going to join? We have been invited, and

1605
01:33:19,880 --> 01:33:23,000
Speaker 3: let me start by I think we should recognize the

1606
01:33:23,160 --> 01:33:29,000
Speaker 3: progress that has been made in at least getting to

1607
01:33:29,120 --> 01:33:31,640
Speaker 3: the towards the end of the first phase of this

1608
01:33:32,280 --> 01:33:35,360
Speaker 3: process and the activation if I can put it that way,

1609
01:33:35,880 --> 01:33:37,880
Speaker 3: of the process. To set up the border piece is

1610
01:33:37,920 --> 01:33:43,000
Speaker 3: the start of phase two. Our view is and that's

1611
01:33:43,040 --> 01:33:47,120
Speaker 3: to be welcomed and this is a positive vehicle. Our

1612
01:33:47,240 --> 01:33:50,000
Speaker 3: view is we need to work on the actual structure

1613
01:33:50,160 --> 01:33:53,880
Speaker 3: of the vehicle you just referenced. Is it for Gaza? Well,

1614
01:33:53,920 --> 01:33:58,000
Speaker 3: the UN Resolution Security Council Resolution twenty eight oh three

1615
01:33:58,720 --> 01:34:02,400
Speaker 3: references a boarder piece for Gaza. That's where we see

1616
01:34:02,760 --> 01:34:05,840
Speaker 3: it becoming immediately operative and it needs to be. In

1617
01:34:05,960 --> 01:34:08,559
Speaker 3: our view, it's better to be designed in that way

1618
01:34:08,680 --> 01:34:11,679
Speaker 3: for the immediate needs there there are many other needs

1619
01:34:11,680 --> 01:34:14,760
Speaker 3: around the world. First point. Second point, it needs to

1620
01:34:14,960 --> 01:34:21,040
Speaker 3: coincide with the immediate full flow of humanitarian aid into Gaza.

1621
01:34:21,120 --> 01:34:23,360
Speaker 3: We are still not where we need to be. Conditions

1622
01:34:23,400 --> 01:34:27,200
Speaker 3: still are horrific, so that needs to come alongside. We

1623
01:34:27,320 --> 01:34:30,760
Speaker 3: think there's aspects of the governance and the decision making

1624
01:34:30,880 --> 01:34:34,679
Speaker 3: process that could be improved, but we will work with others,

1625
01:34:35,000 --> 01:34:38,960
Speaker 3: obviously work with the United States, because we will do

1626
01:34:39,280 --> 01:34:44,720
Speaker 3: anything that we can to improve the situation. Horrific situation there,

1627
01:34:45,280 --> 01:34:48,920
Speaker 3: and to move onto a path to a true two

1628
01:34:49,000 --> 01:34:49,639
Speaker 3: state solution.

1629
01:34:49,920 --> 01:34:52,280
Speaker 13: There's a suggestion you can get permanent membership of the

1630
01:34:52,320 --> 01:34:55,599
Speaker 13: border piece by polling up a billion dollars.

1631
01:34:56,160 --> 01:34:58,719
Speaker 3: You're going to write a check for that. We would

1632
01:34:58,800 --> 01:35:05,200
Speaker 3: write checks and deliver in kind to improve the welfare

1633
01:35:05,240 --> 01:35:08,360
Speaker 3: of the people of Palestine, but we want to see

1634
01:35:08,400 --> 01:35:12,439
Speaker 3: it delivered direct to those outcomes, those outcomes promoting peace

1635
01:35:13,080 --> 01:35:15,960
Speaker 3: and sower the mechanics and how it works that way. Okay,

1636
01:35:16,080 --> 01:35:16,759
Speaker 3: final question.

1637
01:35:18,960 --> 01:35:21,680
Speaker 13: President Trump and a lot of people who agree with

1638
01:35:21,800 --> 01:35:26,240
Speaker 13: him condemn globalism a lot, and I suspect you know

1639
01:35:27,920 --> 01:35:30,240
Speaker 13: you would be the kind of epitome of a globalist.

1640
01:35:30,280 --> 01:35:32,240
Speaker 13: You know you work for Goldman Sachs. I believe you

1641
01:35:32,320 --> 01:35:36,360
Speaker 13: were at central banker. You know you're comfortable and lived

1642
01:35:36,360 --> 01:35:39,320
Speaker 13: in several countries. Is globalism first of all?

1643
01:35:39,560 --> 01:35:40,080
Speaker 3: Is it a thing?

1644
01:35:40,720 --> 01:35:41,479
Speaker 5: And is it over?

1645
01:35:44,560 --> 01:35:49,200
Speaker 3: I think, well, look, understanding how the world works, having

1646
01:35:49,200 --> 01:35:53,720
Speaker 3: an appreciation for other cultures, understanding the connections, and being

1647
01:35:53,800 --> 01:35:58,679
Speaker 3: able to or at least appreciating ways that how we connect,

1648
01:35:58,760 --> 01:36:02,800
Speaker 3: whether it's through technology, trade, investment, culture can enrich our

1649
01:36:02,880 --> 01:36:06,360
Speaker 3: lives and that's a good thing. And also help solve

1650
01:36:06,400 --> 01:36:10,799
Speaker 3: problems being detached from where you live and the broader

1651
01:36:10,920 --> 01:36:16,320
Speaker 3: needs of society. There is an epithet for that. I

1652
01:36:16,439 --> 01:36:19,200
Speaker 3: don't know that the G word is the one, and

1653
01:36:19,280 --> 01:36:23,000
Speaker 3: there's certainly what we're finding. And to go back to

1654
01:36:23,840 --> 01:36:26,600
Speaker 3: the points that I was making is that there are

1655
01:36:26,600 --> 01:36:31,160
Speaker 3: a number of like minded countries that want to work

1656
01:36:32,160 --> 01:36:36,920
Speaker 3: through partnership to achieve those goals for their citizens and

1657
01:36:37,040 --> 01:36:41,800
Speaker 3: for the world more broadly, the call is for more

1658
01:36:42,000 --> 01:36:47,439
Speaker 3: to recognize what's really going on right now and to

1659
01:36:47,560 --> 01:36:50,439
Speaker 3: pool their resources to the benefit of citizens. So it

1660
01:36:50,479 --> 01:36:54,160
Speaker 3: won't be global, it won't cover the globe, but it

1661
01:36:54,280 --> 01:36:56,160
Speaker 3: will be more powerful.

1662
01:36:56,800 --> 01:36:58,960
Speaker 13: Okay, prominent, Thank you very much in day much

1663
01:37:07,840 --> 01:37:07,880
Speaker 5: You