1 00:00:05,160 --> 00:00:10,760 Speaker 1: Line from Vaal Hartbeiner and The Crossroads of America. It's 2 00:00:10,840 --> 00:00:19,160 Speaker 1: Tony Katz today. 3 00:00:23,520 --> 00:00:27,800 Speaker 2: It's two very different stories, but I believe that it 4 00:00:27,880 --> 00:00:29,200 Speaker 2: holds the same message. 5 00:00:30,720 --> 00:00:32,320 Speaker 3: If we want to. 6 00:00:32,320 --> 00:00:35,599 Speaker 2: Have a society that thrives, we have to accept the 7 00:00:35,640 --> 00:00:37,520 Speaker 2: fact that there are some people out there who don't 8 00:00:37,560 --> 00:00:44,720 Speaker 2: want us to. For the progressive, the worst crime one 9 00:00:44,760 --> 00:00:49,440 Speaker 2: can commit is the crime of being bigoted. Evan say 10 00:00:49,479 --> 00:00:53,720 Speaker 2: It wrote about this in the Kindergarten of Eden, and 11 00:00:53,760 --> 00:00:54,760 Speaker 2: it's talked about this. 12 00:00:55,120 --> 00:00:56,400 Speaker 3: He's a humorous satirist. 13 00:00:57,240 --> 00:01:02,760 Speaker 2: His speech to Heritage back in the day called Regurgitating 14 00:01:02,800 --> 00:01:07,479 Speaker 2: the Apple still amongst the most watched speeches in Heritage history. 15 00:01:09,560 --> 00:01:12,440 Speaker 2: And it's the idea that for the progressive, there there 16 00:01:12,520 --> 00:01:15,520 Speaker 2: is no greater crime than the crime of bigotry. And 17 00:01:15,560 --> 00:01:17,679 Speaker 2: when you discuss this, when you when you, when you 18 00:01:17,720 --> 00:01:19,759 Speaker 2: really expand on this, we're not talking. 19 00:01:19,640 --> 00:01:21,880 Speaker 3: About hitting this group or that group or the other group. 20 00:01:23,120 --> 00:01:26,120 Speaker 2: It comes to the very idea of recognizing your own survival. 21 00:01:26,319 --> 00:01:28,800 Speaker 3: Tony Katz, that's me Tony Katz today. That's the name 22 00:01:28,840 --> 00:01:29,280 Speaker 3: of the show. 23 00:01:29,560 --> 00:01:32,280 Speaker 2: Eight three three four six eight eight six six' nine 24 00:01:32,319 --> 00:01:35,160 Speaker 2: eight three Three Got tony Find everything At tony kats 25 00:01:35,200 --> 00:01:36,399 Speaker 2: dot com live streaming on the. 26 00:01:36,400 --> 00:01:37,720 Speaker 3: YouTube go To Tony kat's and. 27 00:01:37,800 --> 00:01:41,319 Speaker 2: Subscribe do that right now on The, twitter Ex Tony, Kats, 28 00:01:41,319 --> 00:01:45,840 Speaker 2: Facebook Tony CAATs radio LinkedIn Tony. Katz happy that you're. 29 00:01:45,840 --> 00:01:50,560 Speaker 2: Here can't thank you. Enough if you are not willing 30 00:01:51,000 --> 00:01:55,160 Speaker 2: to say that one concept is better than another, CONCEPT 31 00:01:57,400 --> 00:02:00,200 Speaker 2: i don't quite understand how that's. Possible but if you're 32 00:02:00,200 --> 00:02:01,720 Speaker 2: not willing to do, it because to do that is 33 00:02:01,760 --> 00:02:05,480 Speaker 2: to be. Bigoted you're a progressive if you say to, 34 00:02:05,480 --> 00:02:08,160 Speaker 2: ME i don't know if if this candy is better 35 00:02:08,200 --> 00:02:12,160 Speaker 2: than that. Candy, oh, okay, right it's. Candy capitalism is 36 00:02:12,200 --> 00:02:14,720 Speaker 2: better than. Communism if you're not willing to say, that 37 00:02:15,600 --> 00:02:18,800 Speaker 2: well you're. Lost but the progressive can't say that because 38 00:02:18,800 --> 00:02:21,280 Speaker 2: that would mean to be, bigoted and you cannot be. 39 00:02:21,280 --> 00:02:23,960 Speaker 3: Bigoted that's where. 40 00:02:23,800 --> 00:02:26,880 Speaker 2: You get a lot of things like moral equivocation from, 41 00:02:27,200 --> 00:02:29,040 Speaker 2: oh sure that country is, bad but look what we're 42 00:02:29,040 --> 00:02:32,480 Speaker 2: doing in THE, us and so you get that, silly, 43 00:02:33,200 --> 00:02:43,320 Speaker 2: nonsense childlike type of. Discussion there is nothing wrong at 44 00:02:43,320 --> 00:02:48,120 Speaker 2: all with being a, loving kind and giving. Nation there's 45 00:02:48,160 --> 00:02:51,000 Speaker 2: nothing wrong looking up for your fellow. Man there's nothing 46 00:02:51,040 --> 00:02:59,799 Speaker 2: wrong with having trade with other, nations even thinking other 47 00:02:59,840 --> 00:03:04,560 Speaker 2: names as. Friendly there is something wrong with not saying 48 00:03:04,720 --> 00:03:06,600 Speaker 2: of certain nations that's the. 49 00:03:06,720 --> 00:03:07,800 Speaker 3: Enemy and the answer is. 50 00:03:07,880 --> 00:03:12,160 Speaker 2: No one of those is The Communist chinese, regime The 51 00:03:12,200 --> 00:03:16,680 Speaker 2: Communist chinese, nations specifically The Communist Chinese. Party there Are 52 00:03:16,800 --> 00:03:22,720 Speaker 2: Chinese americans living their lives who are not your. Problem 53 00:03:22,919 --> 00:03:25,560 Speaker 2: there are not a problem to. Anyone they're your. Neighbor 54 00:03:25,919 --> 00:03:35,680 Speaker 2: this isn't About. Americans this is about The Communist Chinese. 55 00:03:35,720 --> 00:03:40,680 Speaker 2: Party and no one connected to The Communist Chinese party 56 00:03:40,720 --> 00:03:44,840 Speaker 2: in any, way shape or form can be allowed to 57 00:03:44,960 --> 00:03:47,440 Speaker 2: own land in The United states or own businesses in 58 00:03:47,480 --> 00:03:51,080 Speaker 2: The United. States any land that they have must be taken. 59 00:03:51,120 --> 00:03:54,240 Speaker 2: Away i'm talking about. Expropriation oh my, gosh that's What 60 00:03:54,320 --> 00:04:00,440 Speaker 2: Hugo chavez. Said Hugo, chavez The communist took it away 61 00:04:00,440 --> 00:04:04,120 Speaker 2: from everybody he already had a deal, with whether it 62 00:04:04,160 --> 00:04:07,480 Speaker 2: was oil or anything, else to move the communist agenda, 63 00:04:07,560 --> 00:04:10,280 Speaker 2: forward and then took a nation rich and oil and 64 00:04:10,360 --> 00:04:14,720 Speaker 2: turn them into people who were eating. Pigeons i'm talking 65 00:04:14,800 --> 00:04:19,800 Speaker 2: about national, security not giving up. Capitalism The Communist party 66 00:04:20,160 --> 00:04:23,120 Speaker 2: wants to hurt. Us The Communist party cannot be. Trusted 67 00:04:24,200 --> 00:04:27,719 Speaker 2: there's no question. Here if we want to debate, it we, 68 00:04:27,839 --> 00:04:31,000 Speaker 2: can but allow me to cut to the. Chase i'm 69 00:04:31,040 --> 00:04:33,479 Speaker 2: going to win the conversation and the other person's going 70 00:04:33,560 --> 00:04:39,520 Speaker 2: to lose the. Conversation that's. All this brings us to 71 00:04:39,560 --> 00:04:45,720 Speaker 2: the story of Super. Micro the story is. Insane Super 72 00:04:45,800 --> 00:04:54,560 Speaker 2: micro has been charged the co founder and others with 73 00:04:54,800 --> 00:05:01,440 Speaker 2: illegally diverting billions of dollars In nvidia powered servers To, 74 00:05:01,640 --> 00:05:04,520 Speaker 2: china which is not. Allowed as a matter of, Fact 75 00:05:04,520 --> 00:05:06,839 Speaker 2: President trump is trying to work out a deal to 76 00:05:07,000 --> 00:05:10,280 Speaker 2: get them some of these. Chips he's, wrong just like 77 00:05:10,360 --> 00:05:13,279 Speaker 2: The president is wrong to Allow chinese nationals to attend 78 00:05:13,360 --> 00:05:17,480 Speaker 2: universities in The United. States it's. Wrong six hundred thousand students, 79 00:05:17,560 --> 00:05:20,520 Speaker 2: no tell them to go somewhere, else and the universities 80 00:05:20,520 --> 00:05:23,599 Speaker 2: in The United. STATES i can't survive without these Communist 81 00:05:23,680 --> 00:05:28,279 Speaker 2: chinese related students connected to The Communist Chinese party paying 82 00:05:28,279 --> 00:05:31,560 Speaker 2: out full freight and out of state tuition fees to 83 00:05:31,640 --> 00:05:34,400 Speaker 2: go to the. Universities tell those universities to close up. 84 00:05:34,440 --> 00:05:41,440 Speaker 2: Shop absolutely have no need to keep a university open 85 00:05:42,680 --> 00:05:47,719 Speaker 2: by bringing in students From china who now want to 86 00:05:47,720 --> 00:05:51,240 Speaker 2: do us. Harm, nope not interested in no. Thanks i'll 87 00:05:51,279 --> 00:05:59,200 Speaker 2: argue it. Anywhere so what happened was was this, guy 88 00:06:00,480 --> 00:06:06,400 Speaker 2: the co, Founder Yeshine, leao went By Wally, okay everyone 89 00:06:06,440 --> 00:06:11,760 Speaker 2: needs a. Nickname they call ME i vanothera, thunder and 90 00:06:11,920 --> 00:06:17,120 Speaker 2: he holds four hundred and sixty four million dollars. 91 00:06:16,279 --> 00:06:19,120 Speaker 3: In stock in a company called Super. 92 00:06:19,120 --> 00:06:25,799 Speaker 2: Micro what he was doing was smuggling these in video 93 00:06:25,880 --> 00:06:29,640 Speaker 2: servers To china through A Southeast asian shell. 94 00:06:29,760 --> 00:06:33,200 Speaker 3: Company two and a half billion dollars. 95 00:06:32,839 --> 00:06:37,800 Speaker 2: Worth Of chinese servers of servers in video service To 96 00:06:37,880 --> 00:06:41,440 Speaker 2: chinese buyers five hundred and ten million worth shipped in 97 00:06:41,520 --> 00:06:43,119 Speaker 2: just three weeks in spring of twenty twenty. 98 00:06:43,120 --> 00:06:49,479 Speaker 3: Five how did he do? It they built dummy. 99 00:06:49,520 --> 00:06:56,760 Speaker 2: Servers they built fake servers to show us. Compliance see, 100 00:06:56,880 --> 00:07:01,719 Speaker 2: yeah the servers look at them and they got caught 101 00:07:02,279 --> 00:07:05,320 Speaker 2: because they're on. Video can't make it. UP i have 102 00:07:05,360 --> 00:07:09,279 Speaker 2: no capacity to make this. Up they're caught on video 103 00:07:10,040 --> 00:07:14,400 Speaker 2: with a hair dryer taking the serial numbers off of 104 00:07:14,520 --> 00:07:19,360 Speaker 2: boxes and moving them on to the dummy. Boxes the 105 00:07:19,440 --> 00:07:30,720 Speaker 2: stock as of midday was down twenty five. Percent it's 106 00:07:30,760 --> 00:07:32,040 Speaker 2: beyond people have to go to. 107 00:07:32,120 --> 00:07:34,840 Speaker 3: Jail it's. Espionage people need to get. 108 00:07:34,920 --> 00:07:42,520 Speaker 2: Hung if this is in violation of the, law this 109 00:07:42,600 --> 00:07:47,160 Speaker 2: is in violation OF us national, security people have to be. 110 00:07:47,240 --> 00:07:52,360 Speaker 2: HUNG i am not a death penalty. Guy my issue 111 00:07:52,360 --> 00:07:55,440 Speaker 2: with the death penalty is not that some people don't deserve. 112 00:07:55,480 --> 00:07:56,880 Speaker 3: It some people for their crimes. 113 00:07:56,920 --> 00:08:00,800 Speaker 2: Do but we have these cases out there where people 114 00:08:00,840 --> 00:08:03,840 Speaker 2: are accused and found guilty of murder and these, things 115 00:08:03,840 --> 00:08:08,280 Speaker 2: and they're sentenced to, death only to find after they've 116 00:08:08,320 --> 00:08:12,400 Speaker 2: been their life has been. Taken some prosecutor didn't look 117 00:08:12,400 --> 00:08:15,240 Speaker 2: at a piece of, evidence no EXTRA dna test was. 118 00:08:15,280 --> 00:08:21,200 Speaker 2: Given someone suppressed. Evidence can't go, back you can't go. 119 00:08:21,360 --> 00:08:25,120 Speaker 2: Back SO i don't favor the death, penalty AND i 120 00:08:25,280 --> 00:08:27,320 Speaker 2: thought about it that for, years and that's Where i'm. 121 00:08:27,360 --> 00:08:33,680 Speaker 2: At BUT i guess there's a caveat to. Everything death 122 00:08:33,720 --> 00:08:42,760 Speaker 2: penalty is Where i'm. At two people who are, arrested a. 123 00:08:42,720 --> 00:08:43,400 Speaker 3: Third is a. 124 00:08:43,440 --> 00:08:52,720 Speaker 2: Fugitive now are we going to find that this, guy 125 00:08:53,400 --> 00:08:57,880 Speaker 2: the co founder Super, micro was a member of The Communist, 126 00:08:57,920 --> 00:08:59,200 Speaker 2: party connects to The Communist? 127 00:08:59,240 --> 00:09:01,760 Speaker 3: Party and the answer there, is of, course we're gonna find. 128 00:09:01,840 --> 00:09:05,559 Speaker 3: It not even a. Debate we're going to find. It 129 00:09:06,559 --> 00:09:10,760 Speaker 3: question is why do we allow? It this brings us 130 00:09:10,800 --> 00:09:11,120 Speaker 3: over To. 131 00:09:11,160 --> 00:09:18,800 Speaker 2: AUSTRALIA a very strange story In australia where The Australian Prime, 132 00:09:18,840 --> 00:09:25,440 Speaker 2: Minister Albanese Anthony, albanie who you'll, remember you Had jews 133 00:09:25,440 --> 00:09:30,480 Speaker 2: shot At Amban dai beach Celebrating hanukkah and the answer, was, 134 00:09:30,760 --> 00:09:33,920 Speaker 2: well we have to do something about guns In. Islamophobia 135 00:09:34,559 --> 00:09:38,760 Speaker 2: These islamists wanted to Kill jews and they, said look 136 00:09:38,760 --> 00:09:42,440 Speaker 2: at These jews Celebrating hanaka out of, beach let's shoot them. 137 00:09:45,440 --> 00:09:49,080 Speaker 2: Now people will note that it was A muslim man 138 00:09:49,240 --> 00:09:51,920 Speaker 2: that went after one of the shooters and tried to 139 00:09:51,960 --> 00:09:57,760 Speaker 2: get the gun from. Him guys an absolute, hero kind 140 00:09:57,760 --> 00:10:03,480 Speaker 2: of proving my point that mass, migration whether it be 141 00:10:03,559 --> 00:10:06,640 Speaker 2: What australia did or whether it's What europe as a, 142 00:10:06,640 --> 00:10:09,760 Speaker 2: whole not in totality but in the main is, doing 143 00:10:11,240 --> 00:10:14,400 Speaker 2: creates a problem because you have people who are not 144 00:10:14,600 --> 00:10:21,120 Speaker 2: compatible With western. Civilization the Communist Chinese, party their acolytes 145 00:10:21,200 --> 00:10:26,920 Speaker 2: and those who are they are connected to are not 146 00:10:26,920 --> 00:10:30,040 Speaker 2: compatible With western civilization because their objective is the destruction 147 00:10:30,080 --> 00:10:30,480 Speaker 2: Of western. 148 00:10:30,480 --> 00:10:32,760 Speaker 3: Civilization you've heard me talk about The Red Green. 149 00:10:32,800 --> 00:10:35,719 Speaker 2: Alliance some people refer to this as watermelon because it's 150 00:10:35,720 --> 00:10:36,199 Speaker 2: red and it's. 151 00:10:36,200 --> 00:10:38,080 Speaker 3: Green it's The communists and it's The. 152 00:10:38,120 --> 00:10:42,800 Speaker 2: Islamists both want the end Of western civilization so they 153 00:10:42,840 --> 00:10:47,400 Speaker 2: can go about their future the world they want where 154 00:10:47,440 --> 00:10:47,880 Speaker 2: they're on. 155 00:10:48,000 --> 00:10:49,719 Speaker 3: Top, which for the. 156 00:10:49,679 --> 00:10:53,280 Speaker 2: Record whether it's The communists or The islamists sucks for everybody. 157 00:10:53,360 --> 00:10:56,000 Speaker 3: Else it just. 158 00:10:56,080 --> 00:11:00,760 Speaker 2: Does there is no world that can be discuss that 159 00:11:01,000 --> 00:11:04,040 Speaker 2: is better than the world With america on. Top that 160 00:11:04,240 --> 00:11:06,280 Speaker 2: is not a question Of america being. Perfect that is 161 00:11:06,280 --> 00:11:08,520 Speaker 2: Not america not having its own. Problems and it's not 162 00:11:08,559 --> 00:11:10,800 Speaker 2: a question whether or not In america can be questioned 163 00:11:10,800 --> 00:11:13,760 Speaker 2: for the things that they're. Doing but if your choice 164 00:11:13,840 --> 00:11:16,679 Speaker 2: is The islamist or The Communist, Chinese. 165 00:11:16,600 --> 00:11:21,640 Speaker 3: America comes out on. Top capitalism is. 166 00:11:21,679 --> 00:11:26,960 Speaker 2: The worst system possible except for all the others paraphrase 167 00:11:27,000 --> 00:11:29,599 Speaker 2: and Cribbing Milton friedman and a host of other. Economists 168 00:11:30,080 --> 00:11:33,480 Speaker 2: that's why we use. Capitalism is it? PERFECT i don't 169 00:11:33,520 --> 00:11:36,080 Speaker 2: know what perfect, is but compared to what these socialist 170 00:11:36,160 --> 00:11:45,520 Speaker 2: freaks want to, use it is. Fantastic capitalism is, viagra 171 00:11:46,080 --> 00:11:53,360 Speaker 2: and socialism is a picture of rosy. O'Donnell it is 172 00:11:53,520 --> 00:11:59,240 Speaker 2: that simple to. Understand The Prime minister Of australia is 173 00:11:59,280 --> 00:12:01,600 Speaker 2: in a. Mosque it's the last day Of, ramadan and 174 00:12:01,640 --> 00:12:05,360 Speaker 2: he's celebrating with. Them you already have him sitting, there 175 00:12:06,400 --> 00:12:08,360 Speaker 2: engaging what someone would assume in. 176 00:12:08,440 --> 00:12:13,040 Speaker 3: Prayers and what, Happens, well what happens is. 177 00:12:13,000 --> 00:12:17,240 Speaker 2: That people in the mosque start screaming at The Prime. 178 00:12:17,280 --> 00:12:28,880 Speaker 2: Minister and while some in the mosque stand up to 179 00:12:28,880 --> 00:12:32,160 Speaker 2: say why are you screaming at, him others are screaming 180 00:12:32,400 --> 00:12:34,920 Speaker 2: at the prime, minister what are you doing? Here you're 181 00:12:35,000 --> 00:12:40,760 Speaker 2: guilty of genocide along like a guilty of. Genocide right 182 00:12:40,840 --> 00:12:47,000 Speaker 2: then they start doing their. Prayers, oh you still want 183 00:12:47,040 --> 00:12:49,120 Speaker 2: to buy into the idea That israel is guilty of a, 184 00:12:49,160 --> 00:12:53,439 Speaker 2: Genocide well then you're a. Schmuck we're through the looking 185 00:12:53,480 --> 00:12:56,520 Speaker 2: glass on. This the people who scream genocide About israel 186 00:12:56,800 --> 00:13:00,080 Speaker 2: want terrorists to. Win they Want israel destroyed because they 187 00:13:00,160 --> 00:13:03,400 Speaker 2: want what the end Of western Civilization israel first In. 188 00:13:03,480 --> 00:13:07,760 Speaker 2: America it's just that. Easy we don't have to pretend 189 00:13:07,840 --> 00:13:11,160 Speaker 2: that isn't the. Case and then The Prime minister is 190 00:13:11,240 --> 00:13:17,840 Speaker 2: walking out and he's being chased out by the, crowd 191 00:13:19,120 --> 00:13:21,720 Speaker 2: chased out calling him a genocide. 192 00:13:21,720 --> 00:13:29,439 Speaker 3: Supporter the man got chased out of a. Mosque NOW i. 193 00:13:29,480 --> 00:13:31,880 Speaker 2: Can't tell you if this mosque or the people in 194 00:13:31,920 --> 00:13:34,920 Speaker 2: the mosque were people who were part of some level 195 00:13:34,920 --> 00:13:39,880 Speaker 2: of mass. MIGRATION i can't. 196 00:13:40,360 --> 00:13:40,680 Speaker 3: Tell you. 197 00:13:40,760 --> 00:13:44,880 Speaker 2: That WHAT i can tell you is that all nations 198 00:13:44,880 --> 00:13:48,320 Speaker 2: that have allowed mass migration and never once made a 199 00:13:48,360 --> 00:13:51,319 Speaker 2: requirement to the people coming into their nation that this 200 00:13:51,400 --> 00:13:55,840 Speaker 2: is how we do things your. World your religion is not, 201 00:13:55,960 --> 00:13:58,800 Speaker 2: ours your political system is not, ours Because islam as 202 00:13:58,800 --> 00:14:01,640 Speaker 2: a political, system not a, religion and we don't do that. 203 00:14:01,840 --> 00:14:03,079 Speaker 3: Here you can live your. 204 00:14:03,120 --> 00:14:05,679 Speaker 2: Life but if you think you can, implement, institute or 205 00:14:05,800 --> 00:14:08,960 Speaker 2: lead us to fear over, it you're wrong and will 206 00:14:09,000 --> 00:14:12,480 Speaker 2: show you how wrong you, are which they would, do 207 00:14:12,520 --> 00:14:13,640 Speaker 2: by the, way with any. 208 00:14:13,400 --> 00:14:16,080 Speaker 3: Other religion or political system they. 209 00:14:16,120 --> 00:14:21,960 Speaker 2: Would when you allow mass migration and you do not 210 00:14:22,160 --> 00:14:27,880 Speaker 2: institute rules and recognition of culture and, society you will 211 00:14:27,880 --> 00:14:35,400 Speaker 2: have people emboldened to tell the prime minister get. Out 212 00:14:37,320 --> 00:14:42,800 Speaker 2: in both, cases we're talking about not some level of, 213 00:14:42,920 --> 00:14:44,960 Speaker 2: protest screaming in a. 214 00:14:45,000 --> 00:14:52,479 Speaker 3: Mosque screaming in a, MOSQUE. 215 00:14:50,360 --> 00:14:53,360 Speaker 2: I don't know the last TIME i could have seen 216 00:14:53,360 --> 00:15:00,440 Speaker 2: anything like that that they would allow. That but you 217 00:15:00,520 --> 00:15:06,680 Speaker 2: have the same exact issue at. Play you have groups 218 00:15:06,680 --> 00:15:09,400 Speaker 2: of people who want to do us, damage do us, 219 00:15:09,400 --> 00:15:12,240 Speaker 2: harm and they want their world being in. 220 00:15:12,360 --> 00:15:15,120 Speaker 3: Charge is that good for? Us and the answer is, 221 00:15:15,200 --> 00:15:16,520 Speaker 3: No so. 222 00:15:16,440 --> 00:15:19,840 Speaker 2: Why don't we fight? It why don't we ensure we 223 00:15:19,920 --> 00:15:22,880 Speaker 2: never allow mass? Migration why don't we ensure that we 224 00:15:22,920 --> 00:15:26,120 Speaker 2: always check these coming into the country and recognize that 225 00:15:26,240 --> 00:15:31,240 Speaker 2: some people are, Unwelcome some philosophies are not. 226 00:15:31,480 --> 00:15:33,240 Speaker 3: Ours they have no place. 227 00:15:33,760 --> 00:15:38,000 Speaker 2: Here you Think i'm talking About, Islamis i'm talking about 228 00:15:38,000 --> 00:15:42,160 Speaker 2: communists as. Well you have to take all the Communist 229 00:15:42,240 --> 00:15:45,520 Speaker 2: chinese own land and anybody connected with The Communist Chinese party. 230 00:15:45,360 --> 00:15:49,200 Speaker 3: Owned, businesses and they have to leave the land is. 231 00:15:49,280 --> 00:15:53,480 Speaker 2: Ours communists can't have it for our safety and for 232 00:15:53,520 --> 00:15:57,280 Speaker 2: our security From american. Citizens government can't take a damn 233 00:15:57,480 --> 00:16:02,920 Speaker 2: thing From commis from to quote, paraphrase rush The chi, 234 00:16:03,000 --> 00:16:05,600 Speaker 2: comes let them get. 235 00:16:05,640 --> 00:16:06,800 Speaker 3: Angry who? 236 00:16:06,840 --> 00:16:11,600 Speaker 2: Cares we have safety insecurity to, consider and that safety 237 00:16:11,600 --> 00:16:18,200 Speaker 2: insecurity means no mass. Migration everyone vetted and some people some, Nations, 238 00:16:19,000 --> 00:16:23,360 Speaker 2: no this isn't the place for, you because we have 239 00:16:23,440 --> 00:16:27,320 Speaker 2: to ensure it's a safe place for Those americans who 240 00:16:27,320 --> 00:16:30,440 Speaker 2: are here and The americans who want to actually be 241 00:16:30,480 --> 00:16:34,280 Speaker 2: a part Of america and a part of this. Greatness 242 00:16:34,960 --> 00:16:38,640 Speaker 2: apologize for. Nothing I'm Tony. Katz but as has been, 243 00:16:38,880 --> 00:16:49,680 Speaker 2: reported THE tsa lines are through the. Roof over ten 244 00:16:49,720 --> 00:16:54,320 Speaker 2: percent OF tsa Transferstation Security administration officers have called. 245 00:16:54,360 --> 00:16:57,840 Speaker 3: Out they're, like, No i'm not getting. Paid i'm not showing. 246 00:16:57,920 --> 00:17:03,640 Speaker 3: Up you've got wait times at three. 247 00:17:03,400 --> 00:17:07,320 Speaker 2: Hours At Houston George bush And Hobby, airports three Hours Atlanta. 248 00:17:07,359 --> 00:17:19,480 Speaker 2: Hartsfield you have got delays At LaGuardia where they're into 249 00:17:19,480 --> 00:17:20,719 Speaker 2: the parking. Lot That's New. 250 00:17:20,800 --> 00:17:29,320 Speaker 3: York you've got delays In, philadelphia and now there is. 251 00:17:30,960 --> 00:17:36,040 Speaker 2: A suggestion of being over three hours early for domestic. 252 00:17:36,280 --> 00:17:41,200 Speaker 2: Flights and if you check out THE mytsa, app WHICH 253 00:17:41,240 --> 00:17:44,159 Speaker 2: i downloaded just today for the sake of looking at this, 254 00:17:44,200 --> 00:17:46,479 Speaker 2: second look at wait, times that stuff's not even being, 255 00:17:46,560 --> 00:17:52,880 Speaker 2: updated so it doesn't tell you. Anything and The Democratic 256 00:17:52,920 --> 00:18:00,239 Speaker 2: party has done. This The Democratic party has shut Down 257 00:18:00,600 --> 00:18:05,280 Speaker 2: department Of Poland security and they won't fund. It And 258 00:18:05,400 --> 00:18:11,679 Speaker 2: republicans can't even begin to fight this the way it 259 00:18:11,720 --> 00:18:16,960 Speaker 2: needs to be. Fought but what they can do is 260 00:18:17,720 --> 00:18:20,359 Speaker 2: they can go out there and say you want a, 261 00:18:20,480 --> 00:18:26,199 Speaker 2: supplemental you want funding for taking out The iranian regime 262 00:18:26,240 --> 00:18:30,000 Speaker 2: and ending. Terrorism I'm Lauren. Bobert i'm not going to 263 00:18:30,119 --> 00:18:35,680 Speaker 2: vote for. That, ah good. Thing the audio is. Working 264 00:18:36,119 --> 00:18:39,600 Speaker 2: the audio wasn't. Working she's decided she's not going to 265 00:18:39,680 --> 00:18:46,400 Speaker 2: vote for. That can't get funding for THE. Dhs that's 266 00:18:46,440 --> 00:18:51,200 Speaker 2: not the fault Of. Republicans no funding for a ran 267 00:18:51,320 --> 00:18:54,120 Speaker 2: war supplemental, QUOTE i am so tired of spending money. 268 00:18:54,200 --> 00:18:59,160 Speaker 2: Elsewhere isn't the money spent removing terrorism good FOR? Us 269 00:19:00,480 --> 00:19:09,280 Speaker 2: doesn't it actually lead to a cost? SAVINGS i Swear 270 00:19:09,400 --> 00:19:12,639 Speaker 2: i've said it, Before i'm saying it. Again i'll say it. 271 00:19:12,680 --> 00:19:20,800 Speaker 2: Again Are republicans really trying to lose the? Midterms i'm Asking, 272 00:19:24,359 --> 00:19:27,080 Speaker 2: meanwhile we'll discuss the, funding and we'll discuss this. 273 00:19:27,160 --> 00:19:29,920 Speaker 3: Economy E Ja. Antonio. Next this Is Tony gats. 274 00:19:29,920 --> 00:19:33,640 Speaker 2: Today so there is a tremendous amount of talk about 275 00:19:33,680 --> 00:19:36,600 Speaker 2: how what's happening with the straight Up hormuz affects THE 276 00:19:36,760 --> 00:19:39,520 Speaker 2: us oil. Markets we're up a dollar a. Gallon you 277 00:19:39,560 --> 00:19:42,120 Speaker 2: can't deny that. Reality you can't deny the reality that 278 00:19:42,119 --> 00:19:44,639 Speaker 2: that's not good for A republican party already in an 279 00:19:44,720 --> 00:19:47,879 Speaker 2: uphill climb to win. Midterms and if this stays for 280 00:19:48,000 --> 00:19:50,680 Speaker 2: months WITH, us that's a. Problem NOW i have set 281 00:19:50,800 --> 00:19:54,320 Speaker 2: my timeline as the. Summer If july you're still in 282 00:19:54,359 --> 00:19:56,919 Speaker 2: the high oil prices Of, July you're still at some 283 00:19:56,960 --> 00:19:59,760 Speaker 2: of these levels of. Inflation it's a death noel for 284 00:19:59,760 --> 00:20:03,560 Speaker 2: the publican. Party that's my. Take we haven't asked ourselves 285 00:20:03,760 --> 00:20:08,920 Speaker 2: how these oil issues are Affecting russia In, china our, Adversaries, 286 00:20:09,040 --> 00:20:13,080 Speaker 2: china thirsty country that no longer gets oil Through russia From, 287 00:20:13,119 --> 00:20:15,560 Speaker 2: venezuela and The, russians which has oil to. 288 00:20:15,560 --> 00:20:21,040 Speaker 3: Sell and trying to distribute To. Cuba Tony, Katz Tony katz, 289 00:20:21,040 --> 00:20:22,399 Speaker 3: today good to be with. 290 00:20:22,440 --> 00:20:26,120 Speaker 2: You Ej antoni joins me right now from The Heritage, 291 00:20:26,119 --> 00:20:30,080 Speaker 2: Foundation Acting director of The THOMAS. A Row institute For 292 00:20:30,119 --> 00:20:34,840 Speaker 2: Economic Policy Studies Chief, Economists Richard. Astrofellow that is more 293 00:20:34,840 --> 00:20:38,640 Speaker 2: titles THAN i have. Everybody Ej antoni has got them. 294 00:20:38,680 --> 00:20:43,639 Speaker 2: All it's good to see. You we don't talk about 295 00:20:43,680 --> 00:20:47,439 Speaker 2: how this hasn't effect worldwide and how this affects what 296 00:20:47,600 --> 00:20:53,399 Speaker 2: other world, actors quasi superpower actors then. Act but before, 297 00:20:53,440 --> 00:20:56,040 Speaker 2: anything let's talk about what we're seeing in The strait Of, 298 00:20:56,040 --> 00:20:59,240 Speaker 2: hormuz what we're seeing with oil, prices where we have 299 00:20:59,280 --> 00:21:01,359 Speaker 2: seen things top up one hundred and nineteen dollars a. 300 00:21:01,359 --> 00:21:03,920 Speaker 2: Barrow we've been playing in the hundred and five hundred 301 00:21:03,960 --> 00:21:06,119 Speaker 2: and seven on The brent, crude and you have some 302 00:21:06,320 --> 00:21:09,800 Speaker 2: people out there who you may, know talking, about, well 303 00:21:09,800 --> 00:21:11,720 Speaker 2: we're going to see two hundred dollars a bar oil 304 00:21:11,840 --> 00:21:13,600 Speaker 2: and The saudis are saying one hundred and eighty dollars 305 00:21:13,600 --> 00:21:15,919 Speaker 2: a bar. Oil if you want to fear, MONGER i 306 00:21:15,960 --> 00:21:18,359 Speaker 2: guess this is the thing that you, do and you 307 00:21:18,440 --> 00:21:21,240 Speaker 2: kind of play into those. Futures maybe you're going to tell, me, oh, 308 00:21:21,240 --> 00:21:26,159 Speaker 2: no there's a story. Here what is really moving these oil? 309 00:21:26,200 --> 00:21:27,800 Speaker 2: Markets and how does this? 310 00:21:27,880 --> 00:21:31,879 Speaker 4: Resolve, Well, tony the LAST i guess two or three 311 00:21:32,560 --> 00:21:35,000 Speaker 4: questions there are all really really closely. 312 00:21:35,040 --> 00:21:36,400 Speaker 5: Related so let's tackle those. 313 00:21:36,480 --> 00:21:40,960 Speaker 4: First, nobody AND i mean nobody knows exactly how this 314 00:21:41,000 --> 00:21:42,639 Speaker 4: thing is going to play. Out we don't know what 315 00:21:42,680 --> 00:21:44,720 Speaker 4: this is going to be like six days from, now 316 00:21:44,760 --> 00:21:47,280 Speaker 4: let alone six. Weeks we don't even know what it's 317 00:21:47,320 --> 00:21:49,360 Speaker 4: going to be like six hours from. Now that's how 318 00:21:49,400 --> 00:21:52,840 Speaker 4: fluid the situation, is and that's how fast things are. 319 00:21:52,920 --> 00:21:55,600 Speaker 4: Changing look at what just happened with The israeli strike 320 00:21:55,840 --> 00:21:59,639 Speaker 4: on natural gas infrastructure And iran for Which iran responded 321 00:21:59,680 --> 00:22:04,680 Speaker 4: in to infrastructure throughout the. Region and now there's conflicting 322 00:22:04,720 --> 00:22:06,800 Speaker 4: reports as to whether or not THE us knew about 323 00:22:06,800 --> 00:22:09,360 Speaker 4: that or whether we, Didn't but whatever the case may, 324 00:22:09,400 --> 00:22:12,080 Speaker 4: be that was a big curve ball that was thrown 325 00:22:12,080 --> 00:22:15,520 Speaker 4: at energy markets right and, futures and then later when 326 00:22:15,560 --> 00:22:20,200 Speaker 4: trading sessions, opened prices reflected. That and so the volatility 327 00:22:20,240 --> 00:22:24,360 Speaker 4: that we're seeing in energy, markets whether THAT'S, wti whether that's, 328 00:22:24,400 --> 00:22:27,480 Speaker 4: rent whether it's a natural gas at various hubs around the, 329 00:22:27,480 --> 00:22:31,520 Speaker 4: world all of that price volatility reflects the fact that 330 00:22:31,640 --> 00:22:35,000 Speaker 4: nobody has any idea where things are actually going, here 331 00:22:35,040 --> 00:22:38,760 Speaker 4: and that's why you get these wildly ranging, forecasts some 332 00:22:38,920 --> 00:22:41,280 Speaker 4: of what you just, mentioned which are calling for one 333 00:22:41,359 --> 00:22:43,680 Speaker 4: hundred and eighty or two hundred dollars, oil. 334 00:22:43,640 --> 00:22:45,440 Speaker 5: And then you have others on the opposite end of the. 335 00:22:45,440 --> 00:22:47,479 Speaker 4: Spectrum we're saying we're going to be back to seventy 336 00:22:47,520 --> 00:22:51,359 Speaker 4: dollars a barrel like. That so, again it really just 337 00:22:51,480 --> 00:22:55,440 Speaker 4: runs the gamut because nobody knows which way the conflict 338 00:22:55,480 --> 00:22:55,959 Speaker 4: is actually. 339 00:22:55,960 --> 00:22:59,600 Speaker 2: Headed by the, way THE wti guys Is West Texas Intermediate, 340 00:22:59,720 --> 00:23:02,280 Speaker 2: crew we talk about it, Here West texas coming out 341 00:23:02,280 --> 00:23:04,920 Speaker 2: of the, Ground brancrud coming out of the. Oceans it's 342 00:23:05,000 --> 00:23:07,800 Speaker 2: the most simple WAY i have of explaining it for 343 00:23:07,920 --> 00:23:08,359 Speaker 2: my own. 344 00:23:08,760 --> 00:23:09,480 Speaker 3: Needs talking TO. 345 00:23:09,520 --> 00:23:14,240 Speaker 2: Ej And tony of The Heritage, Foundation THOMAS. A Row 346 00:23:14,359 --> 00:23:20,840 Speaker 2: institute For Economic Policy studies And Chief. Economists, yes we 347 00:23:20,920 --> 00:23:25,520 Speaker 2: aren't sure how this is going to play, out but 348 00:23:25,640 --> 00:23:28,480 Speaker 2: there have been some questions of we seem to have 349 00:23:28,520 --> 00:23:31,000 Speaker 2: a very archaic way of moving the oil through an 350 00:23:31,080 --> 00:23:34,199 Speaker 2: area we've always known to be dangerous for what reason 351 00:23:34,359 --> 00:23:37,000 Speaker 2: because we have a better relationship With Saudi. Arabia whatever 352 00:23:37,000 --> 00:23:40,240 Speaker 2: you think of the politics inconsequential to the, reality how 353 00:23:40,240 --> 00:23:44,119 Speaker 2: come we never build a pipeline Across Saudi arabia to 354 00:23:44,200 --> 00:23:46,440 Speaker 2: be able to move the oil over to The Red? 355 00:23:46,560 --> 00:23:50,280 Speaker 2: Sea was this an economic? Conversation was this oil doesn't 356 00:23:50,280 --> 00:23:52,680 Speaker 2: work this? Way? CONVERSATION i might be out of your 357 00:23:53,640 --> 00:23:58,000 Speaker 2: pantheon of expertise, here But i'm assuming economists have asked, 358 00:23:58,000 --> 00:24:00,560 Speaker 2: themselves is this the only way to get oil out 359 00:24:00,600 --> 00:24:02,439 Speaker 2: of the area From Saudi, Arabia, kuwait et. 360 00:24:02,480 --> 00:24:06,800 Speaker 5: Cetera, well part of the problem here is. Geography you. 361 00:24:06,880 --> 00:24:09,280 Speaker 4: Know it's not as if you have this perfectly flat 362 00:24:09,359 --> 00:24:12,000 Speaker 4: landscape from which you're going to take the oil all 363 00:24:12,040 --> 00:24:15,520 Speaker 4: the way Across Saudi, arabia for, example and several people 364 00:24:15,520 --> 00:24:17,639 Speaker 4: have pointed out that you don't even need to go 365 00:24:17,680 --> 00:24:20,199 Speaker 4: all the way across to The Red sea, geographically it's 366 00:24:20,240 --> 00:24:23,080 Speaker 4: a lot closer to just go right to The Persian 367 00:24:23,119 --> 00:24:26,560 Speaker 4: gulf across a much smaller portion Of Saudi. Arabia but 368 00:24:26,600 --> 00:24:29,879 Speaker 4: you're dealing with a massive mountain range to do, That so, 369 00:24:30,200 --> 00:24:30,960 Speaker 4: look there. 370 00:24:30,800 --> 00:24:33,199 Speaker 5: Really is no easy way to do. 371 00:24:33,240 --> 00:24:35,040 Speaker 4: This the other problem with if you do go to 372 00:24:35,119 --> 00:24:39,720 Speaker 4: The Red sea literally across the whole way across The arabian, 373 00:24:39,760 --> 00:24:42,919 Speaker 4: peninsula now you're dealing with two other choke. Points you 374 00:24:42,920 --> 00:24:45,399 Speaker 4: have The Suez canal right up in the, north and 375 00:24:45,640 --> 00:24:48,159 Speaker 4: then you have a choke point down, south which is 376 00:24:48,480 --> 00:24:51,560 Speaker 4: larger than The strait Of. Hormuz but again it's similar 377 00:24:51,600 --> 00:24:54,239 Speaker 4: where it is still a, bottleneck and it is an 378 00:24:54,320 --> 00:24:58,080 Speaker 4: area where concentrated missile and drone stripes from a nation 379 00:24:58,359 --> 00:25:02,120 Speaker 4: Like iran could pose serious issues in terms of. Shipping 380 00:25:02,760 --> 00:25:05,600 Speaker 4: that's not to say that it's the exact, same it's, 381 00:25:05,640 --> 00:25:09,600 Speaker 4: not but you do have at least similar similar. Difficulties 382 00:25:09,720 --> 00:25:13,000 Speaker 4: and again it's just very very expensive to build all 383 00:25:13,040 --> 00:25:17,159 Speaker 4: of this new infrastructure and to pipe oil all the 384 00:25:17,200 --> 00:25:20,200 Speaker 4: way across the peninsula like that instead of sending it 385 00:25:21,960 --> 00:25:24,440 Speaker 4: by ship like we do right, now or like we used. 386 00:25:24,440 --> 00:25:27,800 Speaker 2: To but that's just. It so here's what we, hear 387 00:25:28,040 --> 00:25:30,640 Speaker 2: and so this is WHY i bring you in because 388 00:25:30,760 --> 00:25:33,640 Speaker 2: we're not the only ones dealing with. This The russians 389 00:25:33,640 --> 00:25:36,119 Speaker 2: and The chinese are. Now The russians have a tremendous 390 00:25:36,160 --> 00:25:36,760 Speaker 2: amount of their own. 391 00:25:36,760 --> 00:25:37,720 Speaker 3: Oil is the late. 392 00:25:37,800 --> 00:25:40,280 Speaker 2: Centator john McCain used to, say this is a gas 393 00:25:40,320 --> 00:25:43,760 Speaker 2: station masquerading as a. Country maybe the only really good 394 00:25:43,800 --> 00:25:45,879 Speaker 2: line of the man ever, had depending on who you 395 00:25:45,920 --> 00:25:49,000 Speaker 2: are and looking at. Him The chinese are unbelievably, thirsty 396 00:25:49,040 --> 00:25:51,600 Speaker 2: and they can't get oil anymore from the ghost tankers 397 00:25:51,800 --> 00:25:55,280 Speaker 2: that were coming utilizing the sanctioned oil From. Venezuela we 398 00:25:55,400 --> 00:25:57,160 Speaker 2: know this to be the, case and we know these 399 00:25:57,800 --> 00:25:58,600 Speaker 2: ghost ships have. 400 00:25:58,600 --> 00:26:01,119 Speaker 3: Been in, many many many. Ways is shut. 401 00:26:01,160 --> 00:26:05,640 Speaker 2: Down but the what we're hearing is that twenty seven 402 00:26:05,680 --> 00:26:08,119 Speaker 2: percent of the world's oil supply comes through this, area 403 00:26:08,160 --> 00:26:10,520 Speaker 2: but only one are two percent of our oil. 404 00:26:10,560 --> 00:26:12,600 Speaker 3: Supply so this is really the rest of the world's. 405 00:26:12,640 --> 00:26:14,960 Speaker 2: Problems it's why you've Heard President trump, say why does 406 00:26:14,960 --> 00:26:17,119 Speaker 2: IT nato Or european nations make sure this is. 407 00:26:17,200 --> 00:26:18,320 Speaker 3: Safeguarded it's their. 408 00:26:18,359 --> 00:26:22,440 Speaker 2: Oil but what of our, Adversaries how does this Affect 409 00:26:22,800 --> 00:26:23,320 Speaker 2: china And? 410 00:26:23,400 --> 00:26:28,360 Speaker 4: Russia, well, unfortunately this is actually kind of helping our 411 00:26:28,440 --> 00:26:31,479 Speaker 4: adversaries in certain. Ways i'm not saying that, overall if 412 00:26:31,520 --> 00:26:34,440 Speaker 4: you do a complete cost benefit analysis on every aspect 413 00:26:34,480 --> 00:26:36,720 Speaker 4: of this, conflict that it is a net. Positive that's 414 00:26:36,760 --> 00:26:38,760 Speaker 4: not What i'm. Saying BUT i do think it's important 415 00:26:38,800 --> 00:26:40,920 Speaker 4: that we outline some of the ways in which this 416 00:26:41,080 --> 00:26:44,320 Speaker 4: is Helping. Russia you, know Previously russia was having to 417 00:26:44,400 --> 00:26:46,800 Speaker 4: export sanctioned, oil you, know you can think of it 418 00:26:46,840 --> 00:26:49,439 Speaker 4: as under the. Table they were having to sell at 419 00:26:49,520 --> 00:26:54,600 Speaker 4: a steep, discount and that's how they were getting around these. Sanctions, 420 00:26:54,800 --> 00:26:57,440 Speaker 4: well now as we lift the sanctions On, russia because 421 00:26:57,600 --> 00:27:00,200 Speaker 4: we have to do everything we possibly can to alleviate 422 00:27:00,600 --> 00:27:04,000 Speaker 4: the supply crunch since we are co dependent on nations Like, 423 00:27:04,040 --> 00:27:08,480 Speaker 4: iran what's happening now Is russia is actually increasing. Exports 424 00:27:08,520 --> 00:27:12,119 Speaker 4: they are selling more and not only are they selling 425 00:27:12,200 --> 00:27:14,560 Speaker 4: it at market prices instead of selling it at a, 426 00:27:14,560 --> 00:27:15,679 Speaker 4: discount but the. 427 00:27:15,560 --> 00:27:16,800 Speaker 5: Market price has gone way. 428 00:27:16,840 --> 00:27:20,040 Speaker 4: Up it's basically double Tony so now they are selling 429 00:27:20,320 --> 00:27:23,240 Speaker 4: much more oil and at much higher. Prices in other, 430 00:27:23,280 --> 00:27:27,719 Speaker 4: words this is a windfall To Vladimir putin and his 431 00:27:27,840 --> 00:27:29,960 Speaker 4: war machine that is not going to do The west 432 00:27:30,040 --> 00:27:33,159 Speaker 4: any favors when it comes to the conflict in The. 433 00:27:33,240 --> 00:27:38,080 Speaker 4: Ukraine another big problem that we're seeing is Regarding. China you're, 434 00:27:38,160 --> 00:27:41,480 Speaker 4: right As china was importing a lot less than As 435 00:27:41,560 --> 00:27:43,400 Speaker 4: whale And, crewe they were having to rely on other. 436 00:27:43,480 --> 00:27:47,000 Speaker 4: Sources they get a lot of oil From, iran a 437 00:27:47,040 --> 00:27:50,439 Speaker 4: lot Of iranian. Exports we're going To, china and you 438 00:27:50,520 --> 00:27:53,679 Speaker 4: might think with the strait being closed that that is 439 00:27:53,720 --> 00:27:55,160 Speaker 4: another figot that's been shut. 440 00:27:55,160 --> 00:27:55,879 Speaker 5: Off but guess. 441 00:27:55,880 --> 00:27:59,359 Speaker 4: What iran is not stopping their own vessels from going 442 00:27:59,359 --> 00:28:03,000 Speaker 4: through the Straight they're allowing their vessels through because it's 443 00:28:03,040 --> 00:28:06,360 Speaker 4: their own, oil. Right and as a, consequence they are 444 00:28:06,440 --> 00:28:08,680 Speaker 4: now by a lot of. Estimates i've seen it reported 445 00:28:08,680 --> 00:28:11,240 Speaker 4: By Wall Street, Journal i've seen it estimated By Goldman 446 00:28:11,359 --> 00:28:15,720 Speaker 4: sachs now That iran is actually exporting more oil To 447 00:28:15,840 --> 00:28:18,160 Speaker 4: china today than when the conflict. 448 00:28:18,320 --> 00:28:20,600 Speaker 3: Began talking TO. 449 00:28:20,640 --> 00:28:23,879 Speaker 2: Ej And, toni a chief economist over at The heritage Of. 450 00:28:24,000 --> 00:28:27,439 Speaker 2: Foundation people will look at that and, say how is 451 00:28:27,560 --> 00:28:32,400 Speaker 2: that even, possible right the idea of winning the. War 452 00:28:32,560 --> 00:28:37,080 Speaker 2: certainly we have the advantage on the. Warfare we have 453 00:28:37,160 --> 00:28:39,960 Speaker 2: taken out, systems we have taken out, structure we have 454 00:28:40,000 --> 00:28:40,560 Speaker 2: taken out. 455 00:28:40,400 --> 00:28:40,840 Speaker 3: A host of. 456 00:28:40,880 --> 00:28:44,240 Speaker 2: People we need to keep this, up AND i believe 457 00:28:44,280 --> 00:28:47,800 Speaker 2: that you don't leave until the regime is completely and totally. 458 00:28:47,840 --> 00:28:51,280 Speaker 2: Gone but the thing THAT i think is amazing to 459 00:28:51,320 --> 00:28:53,960 Speaker 2: people based on what you're talking, ABOUT, ej is That 460 00:28:54,520 --> 00:28:56,880 Speaker 2: iran is still able to sell. OIL i, mean this 461 00:28:56,920 --> 00:28:59,680 Speaker 2: brings up a Carg island. Conversation But iran is still 462 00:28:59,720 --> 00:29:03,880 Speaker 2: able to move. Oil how is that? Possible or is 463 00:29:03,920 --> 00:29:07,560 Speaker 2: it a kind of a concept and economic concept that 464 00:29:07,640 --> 00:29:09,520 Speaker 2: if you were to stop the oil from getting To 465 00:29:09,640 --> 00:29:13,920 Speaker 2: china you would create a larger scale problem worldwide that nobody. 466 00:29:13,960 --> 00:29:16,400 Speaker 2: Wants and we're trying to keep the conflict in a 467 00:29:16,440 --> 00:29:17,760 Speaker 2: certain region and in a certain. 468 00:29:17,800 --> 00:29:20,000 Speaker 3: Context He Lo. 469 00:29:20,120 --> 00:29:23,880 Speaker 4: Coconi the sad reality is we're co dependent on nations Like, 470 00:29:23,960 --> 00:29:27,320 Speaker 4: iran whether they're good actors or bad. Actors same thing With, 471 00:29:27,480 --> 00:29:32,480 Speaker 4: russia same thing With venezuela and countless other energy producers 472 00:29:32,960 --> 00:29:35,080 Speaker 4: around the. Globe, look it doesn't matter if a barrel 473 00:29:35,080 --> 00:29:38,160 Speaker 4: of oil is being sold By canada or if it's 474 00:29:38,200 --> 00:29:40,960 Speaker 4: being sold By, iran you still need that barrel of 475 00:29:40,960 --> 00:29:44,400 Speaker 4: oil just as. Much, now, granted there's differences in quality 476 00:29:44,440 --> 00:29:46,720 Speaker 4: of crude right in different places around the. World you, 477 00:29:46,760 --> 00:29:49,600 Speaker 4: Know West texas is light, Sweet there's a lot of 478 00:29:49,640 --> 00:29:51,400 Speaker 4: the stuff coming out of The Middle east is heavy. 479 00:29:51,440 --> 00:29:55,560 Speaker 4: Sour so, again different types of, crude and there are 480 00:29:55,560 --> 00:29:56,560 Speaker 4: differences there that we. 481 00:29:56,480 --> 00:29:58,360 Speaker 5: Can talk about if you'd. Like but at the end 482 00:29:58,400 --> 00:30:00,440 Speaker 5: of the, day we still need the. 483 00:30:00,520 --> 00:30:04,760 Speaker 4: Oil and so this is, why for, example The president, 484 00:30:05,040 --> 00:30:09,320 Speaker 4: said After israel And, iran we're exchanging fire on natural gas. 485 00:30:09,320 --> 00:30:13,440 Speaker 4: Infrastructure The president, said no, more no, More, israel don't do. That, 486 00:30:13,600 --> 00:30:16,760 Speaker 4: iran don't you dare do it, either because if you, 487 00:30:16,800 --> 00:30:19,200 Speaker 4: do we're going to retaliate in a really big. 488 00:30:19,040 --> 00:30:20,680 Speaker 5: Way because we need the. 489 00:30:20,880 --> 00:30:23,760 Speaker 4: Energy all of the volatility that we're, seeing all of 490 00:30:23,800 --> 00:30:28,160 Speaker 4: these explosions in prices at the Pump, tony this is 491 00:30:28,240 --> 00:30:32,560 Speaker 4: all just mere speculation that you're going to see a 492 00:30:32,640 --> 00:30:35,880 Speaker 4: lot more damage in terms of energy infrastructure and a 493 00:30:35,880 --> 00:30:40,400 Speaker 4: lot more supply. Disruption now imagine if that supply disruption actually, 494 00:30:40,600 --> 00:30:45,880 Speaker 4: happens it would be it would be incredibly. Detrimental and 495 00:30:45,920 --> 00:30:49,800 Speaker 4: so again we have sadly this kind of codependent, relationship 496 00:30:50,040 --> 00:30:52,640 Speaker 4: if you want to call it, that with nations Like. 497 00:30:52,720 --> 00:30:55,600 Speaker 4: Iran and going back to something you had said, earlier 498 00:30:55,760 --> 00:30:58,480 Speaker 4: this idea, that, look we have all our own, Energy 499 00:30:58,480 --> 00:31:00,840 Speaker 4: why did it really affect? Us because you have a 500 00:31:00,920 --> 00:31:03,960 Speaker 4: nation Like, japan a close friend and ally of The United, 501 00:31:04,000 --> 00:31:08,320 Speaker 4: states right that gets ninety five percent of its oil 502 00:31:08,400 --> 00:31:11,280 Speaker 4: from The Middle, east and right now their supplies have 503 00:31:11,360 --> 00:31:14,440 Speaker 4: been largely choked. Off, well guess, what they're now coming 504 00:31:14,480 --> 00:31:17,840 Speaker 4: and knocking on our door to BUY wti because they 505 00:31:17,880 --> 00:31:20,520 Speaker 4: can't get the stuff that they were buying, previously and 506 00:31:20,600 --> 00:31:23,720 Speaker 4: so that's going to help bid up prices here at 507 00:31:23,720 --> 00:31:26,880 Speaker 4: home as. Well and to be, clear we actually already 508 00:31:26,960 --> 00:31:30,880 Speaker 4: export a lot of our. Oil most of the, refineries for, 509 00:31:30,960 --> 00:31:33,880 Speaker 4: example in The gulf, region a lot of those refineries 510 00:31:33,920 --> 00:31:37,840 Speaker 4: tony aren't even. Optimized they're not set up to optimally 511 00:31:37,920 --> 00:31:42,320 Speaker 4: handle a light sweet crude Like texas that we get 512 00:31:42,320 --> 00:31:44,920 Speaker 4: out of the ground In texas Or. Oklahoma they're actually 513 00:31:45,240 --> 00:31:47,560 Speaker 4: better set up to handle the crew that's coming out 514 00:31:47,640 --> 00:31:51,320 Speaker 4: of the ground In venezuela or places Like. Iran and 515 00:31:51,360 --> 00:31:52,960 Speaker 4: so a lot, again a lot of the crew that 516 00:31:53,000 --> 00:31:55,240 Speaker 4: we get out of the ground here we actually send 517 00:31:55,280 --> 00:31:59,440 Speaker 4: overseas and we are importing other. Crude that's not to 518 00:31:59,480 --> 00:32:02,200 Speaker 4: say you can't do one versus the. Other it's just 519 00:32:02,240 --> 00:32:05,520 Speaker 4: that your refinery is not going to operate as. Efficiently 520 00:32:05,760 --> 00:32:08,480 Speaker 4: BUT i think it really does underscore just how global 521 00:32:08,680 --> 00:32:09,360 Speaker 4: these markets. 522 00:32:09,400 --> 00:32:12,960 Speaker 2: ARE i got sixty seconds talking TO. Ej And, tony 523 00:32:13,120 --> 00:32:16,800 Speaker 2: chief economist The Heritage, foundation really. Quick on THE, ppi 524 00:32:16,880 --> 00:32:20,760 Speaker 2: The Producer price index wholesale prices point seven percent, inflation 525 00:32:20,880 --> 00:32:23,360 Speaker 2: which puts you at an eight point FOUR. 526 00:32:23,440 --> 00:32:25,800 Speaker 3: I had texted, you, like what do you take of this? 527 00:32:25,960 --> 00:32:28,240 Speaker 2: NUMBER i won't even say what you wrote back to, 528 00:32:28,280 --> 00:32:29,520 Speaker 2: me ALTHOUGH i could say it on. 529 00:32:29,560 --> 00:32:34,640 Speaker 3: Air your take on where this? On where this? 530 00:32:34,760 --> 00:32:38,600 Speaker 2: Number whether you believe this inflation number because translated out 531 00:32:38,600 --> 00:32:40,520 Speaker 2: of times twelve was eight point four, percent it's A 532 00:32:40,520 --> 00:32:43,480 Speaker 2: biden error kind of, Number and whether you think this 533 00:32:43,560 --> 00:32:46,680 Speaker 2: is something that could be easily tamped, down what would 534 00:32:46,680 --> 00:32:47,960 Speaker 2: it take the administration to do. 535 00:32:48,040 --> 00:32:51,800 Speaker 5: That SO ppi is much more volatile THAN. 536 00:32:51,840 --> 00:32:55,400 Speaker 4: Cpi this is the producer price index versus the consumer price. 537 00:32:55,440 --> 00:32:58,840 Speaker 4: Index so you might just have literally a very large 538 00:32:58,880 --> 00:33:01,520 Speaker 4: one month spike that is later revised. Down it might 539 00:33:01,560 --> 00:33:03,880 Speaker 4: be followed by later months where you don't even see 540 00:33:03,880 --> 00:33:06,480 Speaker 4: an increase at, all you see, Decreases but it should 541 00:33:06,560 --> 00:33:09,560 Speaker 4: still be setting off alarm bells here. Right WHAT i 542 00:33:09,600 --> 00:33:13,280 Speaker 4: think policy makers need to take from this is that we, 543 00:33:13,360 --> 00:33:18,200 Speaker 4: cannot we simply cannot sustain one hundred dollars oil in this. 544 00:33:18,280 --> 00:33:19,280 Speaker 5: Economy you. 545 00:33:19,360 --> 00:33:22,040 Speaker 4: Can't so if this conflict is only going to last 546 00:33:22,080 --> 00:33:25,400 Speaker 4: literally a few more, days that's not a big. Deal 547 00:33:25,560 --> 00:33:28,040 Speaker 4: that's basically going to be an economic speed. Bump but 548 00:33:28,120 --> 00:33:31,360 Speaker 4: if you drag this out for weeks and for months on, 549 00:33:31,640 --> 00:33:34,280 Speaker 4: end and we are still dealing with this well into the, 550 00:33:34,320 --> 00:33:37,960 Speaker 4: summer you're going to see a lot of pain inflicted 551 00:33:38,000 --> 00:33:42,040 Speaker 4: on the economy and On american families if energy prices stay. 552 00:33:42,120 --> 00:33:45,080 Speaker 2: High next time we, talk we're going to get into 553 00:33:45,080 --> 00:33:49,280 Speaker 2: whether tariffs actually made a. Difference this is going to 554 00:33:49,320 --> 00:33:53,240 Speaker 2: require some detail. ANALYSIS. Ej And tony from The Heritage 555 00:33:53,240 --> 00:33:56,080 Speaker 2: foundation Chief. ECONOMISTS i appreciate you taking the time to 556 00:33:56,120 --> 00:33:58,520 Speaker 2: be with. Us more coming up On Tony, katz and 557 00:33:58,560 --> 00:34:02,000 Speaker 2: this Is Tony Kats. Today democrats still opposed to The 558 00:34:02,080 --> 00:34:05,840 Speaker 2: Save America, Act they're opposed to VOTER id and their 559 00:34:05,960 --> 00:34:09,800 Speaker 2: arguments are getting nuttier and nuttier all the, Time Tony, 560 00:34:09,880 --> 00:34:13,480 Speaker 2: Katz Tony katz, today good to be with, You Senator Maze. Herono, 561 00:34:14,080 --> 00:34:17,400 Speaker 2: gentlemen do not let your sons date women Like Maizie, 562 00:34:17,440 --> 00:34:22,440 Speaker 2: herono and moms do not raise your daughters to be 563 00:34:22,960 --> 00:34:27,520 Speaker 2: Like Mazie. Herono just a public service announcement right there 564 00:34:27,920 --> 00:34:29,640 Speaker 2: are from, Me Tony. 565 00:34:29,719 --> 00:34:34,719 Speaker 3: Katz just trying to, Help just trying to, Help Tony, 566 00:34:34,800 --> 00:34:38,880 Speaker 3: Katz Tony katz. Today this Was Mazy herono on why 567 00:34:38,920 --> 00:34:39,959 Speaker 3: we don't need VOTER. 568 00:34:40,120 --> 00:34:45,800 Speaker 6: Id let's be very clear about something. Else non citizen 569 00:34:45,960 --> 00:34:53,280 Speaker 6: voting and federal elections is already. Illegal it is a federal. 570 00:34:53,400 --> 00:34:58,720 Speaker 6: Crime if a non citizen illegally votes in a federal, 571 00:34:58,760 --> 00:35:03,799 Speaker 6: election it could be prosecuted and even sentenced up to 572 00:35:03,920 --> 00:35:05,040 Speaker 6: five years in. 573 00:35:05,120 --> 00:35:08,120 Speaker 3: Prison who's going. 574 00:35:07,960 --> 00:35:10,399 Speaker 6: To commit this kind of fraud knowing that they could 575 00:35:10,440 --> 00:35:12,960 Speaker 6: be in prison for five, years. 576 00:35:13,280 --> 00:35:15,839 Speaker 2: So they're too scared to violate the, law even though 577 00:35:15,880 --> 00:35:19,719 Speaker 2: we already see people do. This you're the party that 578 00:35:19,800 --> 00:35:22,160 Speaker 2: won't deport those engaged in. 579 00:35:22,280 --> 00:35:23,960 Speaker 3: Fraud it's a non. 580 00:35:24,080 --> 00:35:27,440 Speaker 2: Argument you need all sorts of idea to, Vote you 581 00:35:27,480 --> 00:35:30,200 Speaker 2: need to prove who you. Are now should you have 582 00:35:30,239 --> 00:35:32,399 Speaker 2: to pay for those ideas? NOW i think we can cover, 583 00:35:32,480 --> 00:35:36,640 Speaker 2: that but you need to prove it. Absolutely their arguments 584 00:35:36,680 --> 00:35:41,560 Speaker 2: continue to fall. Flat they are, nonsensical and that's me being. 585 00:35:41,560 --> 00:35:45,880 Speaker 3: Kind about it. All but It's Mazy. Corona nonsensical is 586 00:35:45,920 --> 00:35:47,480 Speaker 3: all you are ever gonna get. 587 00:35:48,080 --> 00:35:56,320 Speaker 2: Im Tony, Katz this Is Tony katz, today