1 00:00:05,200 --> 00:00:10,320 Speaker 1: Live from Vaal Hartliner and the Crossroads of America. 2 00:00:10,560 --> 00:00:12,000 Speaker 2: It's Tony Katz today. 3 00:00:12,720 --> 00:00:15,520 Speaker 3: Just because President Trump says it or advocates for it, 4 00:00:15,640 --> 00:00:18,680 Speaker 3: just because Secretary Kennedy advocates for it or says it, 5 00:00:18,720 --> 00:00:21,360 Speaker 3: doesn't make it a bad thing. And yet there are 6 00:00:21,400 --> 00:00:24,480 Speaker 3: progressives out there saying what you think, tilan all is 7 00:00:24,480 --> 00:00:27,319 Speaker 3: bad for pregnant women. Here, let me show you. And 8 00:00:27,360 --> 00:00:30,760 Speaker 3: they're just popping tailand all on videos and it's madness. 9 00:00:30,760 --> 00:00:32,879 Speaker 3: They're going to news and say this is wrong, this 10 00:00:32,960 --> 00:00:36,680 Speaker 3: is faulty science. That is not the case in the 11 00:00:36,720 --> 00:00:40,360 Speaker 3: slightest Tony Katz, Tony Katz today, Good to be with you. 12 00:00:40,920 --> 00:00:45,040 Speaker 3: Doctor Robert Malone joins me right now. A scientist, as 13 00:00:45,120 --> 00:00:47,720 Speaker 3: you know him, he is one of the committee members 14 00:00:47,880 --> 00:00:53,040 Speaker 3: on the Advisory Committee on Immunization Practices ACIP. You can 15 00:00:53,080 --> 00:00:56,240 Speaker 3: find his work at Malone dot news, and of course 16 00:00:56,280 --> 00:00:59,520 Speaker 3: you may know his work and his conversations regarding COVID 17 00:00:59,800 --> 00:01:03,200 Speaker 3: and his book Lies My Government Told Me and the 18 00:01:03,200 --> 00:01:06,800 Speaker 3: Better Future Coming is available at Amazon dot com or 19 00:01:06,800 --> 00:01:08,360 Speaker 3: wherever find books are sold. 20 00:01:10,160 --> 00:01:11,880 Speaker 2: Your work in the ACIP is quite. 21 00:01:11,720 --> 00:01:14,920 Speaker 3: Interesting in the conversation regarding vaccines as a whole, but 22 00:01:15,080 --> 00:01:17,640 Speaker 3: let's break down this a see in a metaphin tailenol 23 00:01:18,319 --> 00:01:22,880 Speaker 3: conversation and autism. Did you take anything from President Trump 24 00:01:22,880 --> 00:01:27,480 Speaker 3: and Secretary Kennedy's press conference or announcement there that, as 25 00:01:27,520 --> 00:01:30,160 Speaker 3: a doctor gave you pause that they were giving out 26 00:01:30,440 --> 00:01:32,679 Speaker 3: faulty information or is that we'd like to say in 27 00:01:32,720 --> 00:01:33,920 Speaker 3: the biz misinformation. 28 00:01:35,480 --> 00:01:41,399 Speaker 4: Absolutely not. There's a recent meta analysis that was endorsed 29 00:01:41,440 --> 00:01:43,560 Speaker 4: by the and I think she was a co author 30 00:01:44,200 --> 00:01:48,120 Speaker 4: by the head of public health at Harvard Medical School 31 00:01:48,920 --> 00:01:50,360 Speaker 4: that came to the same conclusion. 32 00:01:51,120 --> 00:01:52,080 Speaker 2: The problem. 33 00:01:52,360 --> 00:01:55,200 Speaker 4: The data have been out there, as you say, and 34 00:01:55,600 --> 00:01:59,960 Speaker 4: more data are coming out from deep analysis of data 35 00:02:00,080 --> 00:02:04,160 Speaker 4: that are being done within the federal government. But the 36 00:02:05,760 --> 00:02:11,799 Speaker 4: controversy revolves in particularly around a Dutch study that went 37 00:02:11,840 --> 00:02:16,880 Speaker 4: against the emerging consensus that tail and all during pregnancy 38 00:02:17,280 --> 00:02:21,799 Speaker 4: was not indicated. It is associated with not only autism 39 00:02:21,840 --> 00:02:30,880 Speaker 4: but also adult I'm sorry ADHD hyperactivity disorder. So this 40 00:02:30,960 --> 00:02:33,839 Speaker 4: Dutch study came out and said, no, we don't see 41 00:02:33,840 --> 00:02:38,240 Speaker 4: any association in a large population based study. But what 42 00:02:38,320 --> 00:02:42,080 Speaker 4: people miss is that the study only looked at prescription 43 00:02:42,919 --> 00:02:45,119 Speaker 4: use of a set of menaphin, and there's also over 44 00:02:45,160 --> 00:02:49,959 Speaker 4: the counter, so it didn't show statistical differences in the 45 00:02:50,000 --> 00:02:53,680 Speaker 4: prescription versus non prescription group, in part because the data 46 00:02:53,720 --> 00:02:59,400 Speaker 4: were contaminated by people taking seed of menifin over the counter. 47 00:03:00,280 --> 00:03:05,160 Speaker 4: But that's what cited in the backstory here is that 48 00:03:05,800 --> 00:03:13,040 Speaker 4: obstetricians and pediatricians have been overtreating fever for literally generations now, 49 00:03:14,240 --> 00:03:18,960 Speaker 4: and uh the drug of choice has been acetamnic unertylotol. 50 00:03:19,919 --> 00:03:23,239 Speaker 4: And as we're finding out in these people you mentioned 51 00:03:23,240 --> 00:03:27,079 Speaker 4: in the lead, these instagram reels of people taking large 52 00:03:27,080 --> 00:03:30,440 Speaker 4: amounts of the cetomenaphin. One of the things that wast 53 00:03:30,520 --> 00:03:32,840 Speaker 4: taught to me. You know, it's decades ago now in 54 00:03:32,880 --> 00:03:38,640 Speaker 4: medical school. Acetamenaphin is a common uh, commonly used for 55 00:03:38,720 --> 00:03:43,120 Speaker 4: people wanting to commit suicide. It causes liver failure because 56 00:03:43,120 --> 00:03:47,400 Speaker 4: it depletes glutathion because you need glutathion to metabolize thesetomenophin. 57 00:03:48,000 --> 00:03:52,120 Speaker 4: And it's that same pathway of glutathione depletion that seems 58 00:03:52,160 --> 00:03:57,120 Speaker 4: to be affecting the fetal and infant brain development. And 59 00:03:57,240 --> 00:04:00,760 Speaker 4: so we have a clear mechanism of action, we have 60 00:04:00,920 --> 00:04:04,800 Speaker 4: abundant literature, we have, as always happens, a couple of 61 00:04:04,800 --> 00:04:13,560 Speaker 4: epidemiology studies that have accounted for confounders that didn't find 62 00:04:13,560 --> 00:04:17,600 Speaker 4: a statistical difference, But the preponderance of evidence is exactly 63 00:04:17,640 --> 00:04:21,440 Speaker 4: as the President indicates, you should not be taking this. 64 00:04:21,760 --> 00:04:25,239 Speaker 4: And the core problem is that all the other anti 65 00:04:25,279 --> 00:04:29,240 Speaker 4: inflammatories that can be used during pregnancy or in the 66 00:04:29,600 --> 00:04:33,800 Speaker 4: young child are even worse. So they're in kind of 67 00:04:33,839 --> 00:04:36,400 Speaker 4: a box. And that's how we get to this point 68 00:04:36,440 --> 00:04:37,280 Speaker 4: we're at right now. 69 00:04:37,360 --> 00:04:39,280 Speaker 3: But I think that for a lot of people hearing 70 00:04:39,320 --> 00:04:42,840 Speaker 3: you say that doctor Malone talking to doctor Robert Malone, 71 00:04:42,880 --> 00:04:46,960 Speaker 3: you can get more from him at Malone News, is 72 00:04:47,000 --> 00:04:49,960 Speaker 3: that the way you're describing it. Oh, yeah, this is 73 00:04:50,000 --> 00:04:53,200 Speaker 3: a known thing. This is a known thing. I think 74 00:04:53,320 --> 00:04:56,840 Speaker 3: hits a lot of people upside the head, including myself. 75 00:04:57,240 --> 00:04:59,600 Speaker 2: How is it possible that this is a known thing? 76 00:05:00,120 --> 00:05:03,279 Speaker 3: But we're only now engaged in the conversation of the 77 00:05:03,400 --> 00:05:03,880 Speaker 3: known thing. 78 00:05:05,680 --> 00:05:09,480 Speaker 4: So that's a really good question, and it comes down 79 00:05:09,520 --> 00:05:14,520 Speaker 4: to why wasn't this information made more widely available and 80 00:05:15,360 --> 00:05:19,040 Speaker 4: really emphasized by the FDA. I mean, the FDA has 81 00:05:19,040 --> 00:05:21,840 Speaker 4: fallen down here. The good news is they're now going 82 00:05:21,880 --> 00:05:25,800 Speaker 4: to correct it with label changes and indication changes. It's 83 00:05:26,360 --> 00:05:32,720 Speaker 4: the pediatric societies have fallen down on their responsibility and 84 00:05:33,120 --> 00:05:39,200 Speaker 4: has the obstetrics community and their professional societies. And why 85 00:05:39,279 --> 00:05:44,960 Speaker 4: that happened, you know, is is there a surreptitious pharmaceutical 86 00:05:45,000 --> 00:05:48,360 Speaker 4: industry lobbying campaign to promote tailan? Well, there could be, 87 00:05:48,440 --> 00:05:52,160 Speaker 4: but I don't have any clear evidence of that. There's 88 00:05:52,160 --> 00:05:56,320 Speaker 4: no smoking gun. It could well be that we just 89 00:05:56,480 --> 00:06:01,040 Speaker 4: have kind of another massive group thinking going on, just 90 00:06:01,080 --> 00:06:05,119 Speaker 4: like we have with vaccines, that all vaccines are safe 91 00:06:05,120 --> 00:06:09,120 Speaker 4: and effective, whereas that's clearly not the case. Vaccines are 92 00:06:09,120 --> 00:06:11,839 Speaker 4: like any other drug. They have toxicities, they have strengths 93 00:06:11,880 --> 00:06:14,800 Speaker 4: and weaknesses. They're great for some things, not so great 94 00:06:14,839 --> 00:06:20,120 Speaker 4: for others. And that's where we need to be, is 95 00:06:20,600 --> 00:06:26,159 Speaker 4: to stop politicizing and stop allowing the pharmaceutical industry and 96 00:06:26,240 --> 00:06:30,200 Speaker 4: these other large interests, including the professional societies or what 97 00:06:30,240 --> 00:06:36,080 Speaker 4: you might call guilds, to bias the data available to patients. 98 00:06:36,240 --> 00:06:39,200 Speaker 4: Patients should be in a position where they're fully informed 99 00:06:39,240 --> 00:06:46,000 Speaker 4: about risks and not subjected to harassment and basically bullying 100 00:06:46,800 --> 00:06:50,040 Speaker 4: by certain members of the medical profession. That's what's going. 101 00:06:49,960 --> 00:06:50,479 Speaker 2: On here now. 102 00:06:50,880 --> 00:06:54,400 Speaker 3: Everyone should always consult with their own doctor before taking anything. 103 00:06:54,520 --> 00:06:58,039 Speaker 3: But you talk about TAIL and all being probably the 104 00:06:58,080 --> 00:07:02,800 Speaker 3: most popular of these types of medicines because other whether 105 00:07:03,000 --> 00:07:06,240 Speaker 3: it's a ceta metaphine or something else, are worse for 106 00:07:06,400 --> 00:07:09,760 Speaker 3: people are who are pregnant. I'm kind of paraphrasing you. 107 00:07:09,840 --> 00:07:12,760 Speaker 3: There is there something you would recommend other than a 108 00:07:12,760 --> 00:07:16,920 Speaker 3: ceda metaphine for relieving pain in women who are. 109 00:07:17,000 --> 00:07:21,520 Speaker 4: In pregnancy and in the child. The problem is that 110 00:07:22,040 --> 00:07:25,200 Speaker 4: a ceda, metafin or tylenol is the best of a 111 00:07:25,240 --> 00:07:30,720 Speaker 4: bad lot, or so the data indicate. And so what 112 00:07:30,720 --> 00:07:33,760 Speaker 4: we really have to do in the absence of good 113 00:07:34,000 --> 00:07:40,360 Speaker 4: alternatives and then maybe out there is to back off 114 00:07:40,520 --> 00:07:45,240 Speaker 4: on over treatment of fever. Fever is something that is adaptive. 115 00:07:45,280 --> 00:07:48,200 Speaker 4: That's why we have it. It is adaptive for a 116 00:07:48,280 --> 00:07:53,960 Speaker 4: variety of health conditions, including infectious disease. It's maladaptive if 117 00:07:53,960 --> 00:07:58,000 Speaker 4: it gets too high and too prolonged. But the reflexive 118 00:07:58,040 --> 00:08:03,600 Speaker 4: treatment of any fever in pregnancy or the neonate that's 119 00:08:03,640 --> 00:08:08,560 Speaker 4: got to stop its fever is a natural part of 120 00:08:08,560 --> 00:08:11,920 Speaker 4: the body's response to a variety of things, not the 121 00:08:12,000 --> 00:08:15,720 Speaker 4: least of which is infection. And so what we really 122 00:08:15,760 --> 00:08:19,800 Speaker 4: need to be focusing on is treating the underlying causes 123 00:08:19,800 --> 00:08:23,680 Speaker 4: and understanding them and not just reflexively treating fever. Here's 124 00:08:23,680 --> 00:08:27,320 Speaker 4: a good anecdote for you, Liz. We all hear about 125 00:08:28,360 --> 00:08:34,240 Speaker 4: the Spanish flu of nineteen eighteen, right, this is underpins 126 00:08:34,320 --> 00:08:37,400 Speaker 4: a lot of the culture of modern public health, the 127 00:08:37,440 --> 00:08:42,640 Speaker 4: fear of the Spanish flu. Well, the truth is that 128 00:08:42,840 --> 00:08:47,599 Speaker 4: a significant fraction of the deaths attributed to that influenza outbreak, 129 00:08:48,480 --> 00:08:53,160 Speaker 4: where the consequence of overtreating fever with a hot new 130 00:08:53,240 --> 00:08:56,680 Speaker 4: drug that had just been discovered, and people really didn't 131 00:08:56,720 --> 00:09:00,679 Speaker 4: know about the proper dosing of that drug. They started 132 00:09:00,840 --> 00:09:04,600 Speaker 4: because you would get a fever with this influenza, they 133 00:09:04,600 --> 00:09:08,040 Speaker 4: started treating the fever and if the fever didn't go down, 134 00:09:08,080 --> 00:09:13,160 Speaker 4: they'd give more drug. The drug was aspirin, and it 135 00:09:13,240 --> 00:09:16,400 Speaker 4: killed people. At high doses. Aspirin will kill you, just 136 00:09:16,480 --> 00:09:20,280 Speaker 4: like at high doses thilanol will kill you. And there's 137 00:09:20,360 --> 00:09:26,000 Speaker 4: been a long history of medicine reflexively treating symptoms rather 138 00:09:26,040 --> 00:09:31,120 Speaker 4: than the underlying causes disease and not recognizing that many 139 00:09:31,280 --> 00:09:33,959 Speaker 4: of the body's responses are adaptive. 140 00:09:34,200 --> 00:09:36,680 Speaker 3: Yeah, but most people, they have a fever, they don't 141 00:09:36,720 --> 00:09:39,200 Speaker 3: feel well, they got some pain, they pop too, they 142 00:09:39,200 --> 00:09:43,280 Speaker 3: feel better and we've kind of we utilize it all 143 00:09:43,320 --> 00:09:46,520 Speaker 3: the time. I don't is your argument not to take it. 144 00:09:46,600 --> 00:09:48,400 Speaker 3: I mean it's specifically for pregnant with. 145 00:09:48,400 --> 00:09:52,200 Speaker 4: Them, but in pregnancy. In pregnancy because the fetal brain 146 00:09:52,760 --> 00:09:56,880 Speaker 4: and the infant brain is particularly sensitive to depletion of 147 00:09:56,960 --> 00:10:03,559 Speaker 4: glutathione and depletion of folic acid, and so the unfortunately, 148 00:10:04,640 --> 00:10:10,640 Speaker 4: those are pathways that are impacted by aceto menafin. And 149 00:10:11,160 --> 00:10:16,800 Speaker 4: I mentioned the biochemistry behind this. The liver metabolizes a 150 00:10:16,840 --> 00:10:21,079 Speaker 4: set of menaphen using glue to thion, and so when 151 00:10:21,120 --> 00:10:25,439 Speaker 4: you have a bullet of aceto meniphen, it sucks up 152 00:10:25,600 --> 00:10:29,720 Speaker 4: the available glue to thion in order to metabolize the 153 00:10:29,800 --> 00:10:33,000 Speaker 4: drug and excrete it. And it's not available for doing 154 00:10:33,040 --> 00:10:36,680 Speaker 4: what it's intended for. And one of those things has 155 00:10:36,720 --> 00:10:40,200 Speaker 4: to do with clearly with neurodevelopment in the infant or 156 00:10:40,240 --> 00:10:45,480 Speaker 4: the fetus. And so we're this, you're you're I'm glad 157 00:10:45,520 --> 00:10:48,720 Speaker 4: to hear you kind of gobsmacked by this. 158 00:10:49,120 --> 00:10:52,120 Speaker 2: Because it shows a lot of people are sir. 159 00:10:53,080 --> 00:11:00,800 Speaker 4: It shows how this narrative has been not uh made 160 00:11:00,800 --> 00:11:04,120 Speaker 4: available to patients. This is the kind of thing that 161 00:11:04,200 --> 00:11:06,760 Speaker 4: your doc should be talking to you about in the 162 00:11:06,800 --> 00:11:11,360 Speaker 4: context of informed consent, even for something seemingly as benign 163 00:11:11,480 --> 00:11:17,000 Speaker 4: as tailanal thailand all is quite toxic and it will 164 00:11:17,080 --> 00:11:20,640 Speaker 4: kill you. As people that are doing Instagram reels right 165 00:11:20,640 --> 00:11:23,360 Speaker 4: now and overdosing on tailanol are. 166 00:11:23,320 --> 00:11:24,680 Speaker 2: Finding out overdosing. 167 00:11:24,840 --> 00:11:28,680 Speaker 3: Yes, on overdosing, I would agree more with doctor Robert Malone. 168 00:11:28,679 --> 00:11:29,080 Speaker 2: Coming up. 169 00:11:29,120 --> 00:11:32,360 Speaker 3: I'm Tony Katz and this is Tony Katz today, So 170 00:11:32,400 --> 00:11:38,480 Speaker 3: I continue my conversation regarding autism, thailanol, the recommendations from 171 00:11:38,520 --> 00:11:41,839 Speaker 3: the President, and really because of the Secretary of Health 172 00:11:41,840 --> 00:11:44,760 Speaker 3: and Human Services Robert F. Kennedy, and a look at 173 00:11:44,760 --> 00:11:47,800 Speaker 3: the actual data regarding a seed of metafit in pregnancy, 174 00:11:48,000 --> 00:11:50,480 Speaker 3: because if you look at the reaction from leftist press 175 00:11:50,480 --> 00:11:53,640 Speaker 3: and leftists on social media, you might lose your mind 176 00:11:53,800 --> 00:11:57,640 Speaker 3: and you certainly won't know what's happening. Tony Katz, Tony 177 00:11:57,720 --> 00:12:00,400 Speaker 3: Katz today, good to be with you talking to doctor 178 00:12:00,600 --> 00:12:01,360 Speaker 3: Robert Malone. 179 00:12:01,440 --> 00:12:03,200 Speaker 2: Find his work at Malone. 180 00:12:03,400 --> 00:12:07,200 Speaker 3: Dot News and his book Lies My Government Told Me 181 00:12:07,720 --> 00:12:09,760 Speaker 3: available at Amazon dot com. 182 00:12:10,080 --> 00:12:12,360 Speaker 2: Let me just switch gears on you just for a moment, sir. 183 00:12:12,400 --> 00:12:16,559 Speaker 5: Because of your work with the ACIP on the Advisory 184 00:12:16,559 --> 00:12:20,280 Speaker 5: Committee on Immunization practices and some of the changes we've 185 00:12:20,320 --> 00:12:24,480 Speaker 5: seen from the CDC, not only on COVID vaccines but 186 00:12:24,640 --> 00:12:31,200 Speaker 5: on vaccines for children is people, if we listen to 187 00:12:31,360 --> 00:12:34,280 Speaker 5: news coverage, this is a. 188 00:12:34,200 --> 00:12:35,440 Speaker 2: Denial of science. 189 00:12:35,480 --> 00:12:39,800 Speaker 3: And this is Secretary Kennedy being opposed to vaccines. 190 00:12:39,600 --> 00:12:43,640 Speaker 2: And Toto, you're there, you are on the committee. 191 00:12:44,360 --> 00:12:49,760 Speaker 3: What is the purpose of these new recommendations and the basis. 192 00:12:50,960 --> 00:12:56,000 Speaker 4: So what's happened over time is that the CDC has 193 00:12:56,480 --> 00:13:02,200 Speaker 4: developed an internal consensus that all vaccines are safe and 194 00:13:02,240 --> 00:13:07,840 Speaker 4: effective and that it's their mission. They truly believe this, 195 00:13:08,160 --> 00:13:10,360 Speaker 4: many of these people, not all of the CDC. There's 196 00:13:10,400 --> 00:13:13,800 Speaker 4: a bit of a war going on functionally within the 197 00:13:13,840 --> 00:13:17,200 Speaker 4: CDC right now between these people that are caught up 198 00:13:17,200 --> 00:13:20,760 Speaker 4: in the narrative that all vaccines are safe and effective 199 00:13:20,920 --> 00:13:24,640 Speaker 4: and their job at the CDC is to get shots 200 00:13:24,640 --> 00:13:28,800 Speaker 4: in arms. That's the folks that are within that group, 201 00:13:29,679 --> 00:13:34,640 Speaker 4: I think earnestly believe that they're saving lives and that 202 00:13:34,880 --> 00:13:39,760 Speaker 4: anything that will cause quote vaccine hesitancy, any information that 203 00:13:39,800 --> 00:13:43,200 Speaker 4: available to the public about the true risks and benefits 204 00:13:43,280 --> 00:13:47,200 Speaker 4: of vaccines will lead to vaccine hesitancy, and that will 205 00:13:47,280 --> 00:13:51,600 Speaker 4: lead to excess loss of life. But that's a false narrative, 206 00:13:52,280 --> 00:13:59,280 Speaker 4: that's basically non science. That's cult behavior. What the ASIP 207 00:13:59,360 --> 00:14:04,200 Speaker 4: is now doing in the you know, the press is 208 00:14:04,280 --> 00:14:07,160 Speaker 4: not really good at nuance and they're horrible at science. 209 00:14:07,960 --> 00:14:11,720 Speaker 4: These you know, these are folks that couldn't survive organic 210 00:14:11,760 --> 00:14:15,520 Speaker 4: chemistry and they went into journalism. Uh, you know, those 211 00:14:15,520 --> 00:14:20,480 Speaker 4: that are want to be physicians. But what's what's going 212 00:14:20,520 --> 00:14:27,400 Speaker 4: on is that Number one, the old ASIP committee was 213 00:14:27,520 --> 00:14:31,640 Speaker 4: largely composed of people that were representing the interstry and 214 00:14:31,840 --> 00:14:37,120 Speaker 4: academ and the various professional societies, and most of them 215 00:14:37,240 --> 00:14:42,440 Speaker 4: in the working groups in particular, had direct responsibilities and 216 00:14:42,560 --> 00:14:49,040 Speaker 4: appointments relating to their association with the U you can 217 00:14:49,080 --> 00:14:52,320 Speaker 4: call them guilds, or the various professional societies like the 218 00:14:52,360 --> 00:14:56,920 Speaker 4: American Medical Association or the American Academy of Pediatrics. It 219 00:14:57,000 --> 00:15:03,480 Speaker 4: turns out that's illegal. The ACIP exists because of this 220 00:15:04,120 --> 00:15:10,040 Speaker 4: congressional act called FAKKA, the Federal Advisory Committee Act, and 221 00:15:10,440 --> 00:15:17,600 Speaker 4: the FACA Act basically sets up that these large bureaucracies 222 00:15:18,720 --> 00:15:24,400 Speaker 4: will have a totally independent advisory group that can advise 223 00:15:24,480 --> 00:15:27,960 Speaker 4: the director in this case of the CDC, independently of 224 00:15:28,000 --> 00:15:33,600 Speaker 4: the advice coming from the bureaucracy, in this case immunization practices. 225 00:15:34,280 --> 00:15:36,800 Speaker 4: So the people that are on the panel need to 226 00:15:36,840 --> 00:15:40,960 Speaker 4: be totally independent from any of these other advocacy groups 227 00:15:41,000 --> 00:15:45,000 Speaker 4: and from the bureaucracy. But what happened at the ACIP 228 00:15:45,960 --> 00:15:52,280 Speaker 4: is that the bureaucracy captured the ACIP. ACIP was not 229 00:15:52,320 --> 00:15:55,120 Speaker 4: allowed to set its own agenda, it wasn't allowed to 230 00:15:55,160 --> 00:15:58,360 Speaker 4: appoint its own members, it wasn't allowed to choose what 231 00:15:58,360 --> 00:16:01,760 Speaker 4: it would investigate and report an advice on. All of 232 00:16:01,800 --> 00:16:06,960 Speaker 4: that was controlled by the bureaucracy at CDC and basically 233 00:16:07,040 --> 00:16:11,280 Speaker 4: controlled by this cult of vaccination. And so that's why 234 00:16:11,320 --> 00:16:14,800 Speaker 4: you ended up with the series of long standing series 235 00:16:14,800 --> 00:16:19,200 Speaker 4: of meetings where everything was predigested and basically pushed on 236 00:16:19,240 --> 00:16:23,040 Speaker 4: the public as the gospel truth and never subjected to 237 00:16:23,160 --> 00:16:27,640 Speaker 4: any true scientific scrutiny. So those people, and some of 238 00:16:27,680 --> 00:16:30,920 Speaker 4: them had direct financial conflicts of interest, They were associated 239 00:16:30,920 --> 00:16:34,800 Speaker 4: with large pharmaceutical grands, et cetera. They were removed, they 240 00:16:34,800 --> 00:16:38,960 Speaker 4: were retired by the secretary, and a new group was 241 00:16:39,000 --> 00:16:42,760 Speaker 4: brought in that didn't have those conflicts of interest, and 242 00:16:43,040 --> 00:16:47,960 Speaker 4: they the secretary appointed people that were known to represent 243 00:16:49,040 --> 00:16:57,360 Speaker 4: you know, had had a significant experience in vaccine administration, development, oversight, epidemiology, 244 00:16:57,480 --> 00:17:01,880 Speaker 4: et cetera, but didn't represent any these interest groups. And 245 00:17:01,920 --> 00:17:07,560 Speaker 4: that's why the howling is because the interest groups no 246 00:17:07,640 --> 00:17:12,240 Speaker 4: longer have the ability, nor does the CDC. That's why 247 00:17:12,280 --> 00:17:18,199 Speaker 4: those resignations happen, by the way, is because through the 248 00:17:18,280 --> 00:17:23,440 Speaker 4: ACIP process, we got authorization to be what we were 249 00:17:23,480 --> 00:17:26,679 Speaker 4: intended to be, totally independent and no longer controlled by 250 00:17:26,720 --> 00:17:30,200 Speaker 4: the bureaucracy. And then it became clear that we were 251 00:17:30,200 --> 00:17:33,800 Speaker 4: going to ask questions that the bureaucracy didn't want asked, 252 00:17:34,720 --> 00:17:36,800 Speaker 4: for instance, the pediatric deaths. 253 00:17:37,280 --> 00:17:42,160 Speaker 3: This is a constant and continual consideration and conversation is 254 00:17:42,440 --> 00:17:47,840 Speaker 3: do these situations, these institutions, these agencies, do they exist 255 00:17:48,320 --> 00:17:50,879 Speaker 3: to service the citizen or do they exist to service 256 00:17:50,920 --> 00:17:51,520 Speaker 3: the institution? 257 00:17:52,040 --> 00:17:55,760 Speaker 4: Or that is exactly the center of the topic of 258 00:17:55,840 --> 00:18:00,560 Speaker 4: the issue is and to raise it in this particular context, 259 00:18:01,640 --> 00:18:08,119 Speaker 4: should public health, which is structured around utilitarian or socialist concepts, 260 00:18:08,960 --> 00:18:14,600 Speaker 4: be able to tell the general citizenry and patients what 261 00:18:14,640 --> 00:18:16,919 Speaker 4: they should and should not do and accept or not 262 00:18:17,000 --> 00:18:20,240 Speaker 4: accept in terms of medical procedures. And the rubber hits 263 00:18:20,280 --> 00:18:25,600 Speaker 4: the road with the vaccine mandates. That is classic current 264 00:18:25,680 --> 00:18:29,600 Speaker 4: public health logic. We're saving lives and so therefore we 265 00:18:29,640 --> 00:18:33,359 Speaker 4: have to mandate these procedures, these medical procedures on the 266 00:18:33,480 --> 00:18:37,159 Speaker 4: general population so that we save lives. But the problem 267 00:18:37,240 --> 00:18:39,960 Speaker 4: is when they do all their modeling, they only pick 268 00:18:40,119 --> 00:18:46,120 Speaker 4: certain variables. The even worse logic that's now being advanced 269 00:18:46,880 --> 00:18:51,679 Speaker 4: the new bioethics, is to advance the greatest happiness for 270 00:18:51,760 --> 00:18:57,639 Speaker 4: the greatest number, and that is completely contrary to the 271 00:18:57,720 --> 00:19:02,360 Speaker 4: classical physician patient relationship that is all about one on one. 272 00:19:02,440 --> 00:19:05,879 Speaker 4: The physician should be focused on that patient, should be 273 00:19:05,920 --> 00:19:10,240 Speaker 4: serving as an advisor and counselor to that patient. But 274 00:19:10,440 --> 00:19:16,320 Speaker 4: that particular patient, who's unique, has the authority to choose 275 00:19:16,400 --> 00:19:19,840 Speaker 4: to elect or to refuse any medical procedure. This is 276 00:19:19,880 --> 00:19:23,760 Speaker 4: the essence of informed consent, and that's the tension. The 277 00:19:23,840 --> 00:19:26,280 Speaker 4: tension is between the rights of the individual and the 278 00:19:26,400 --> 00:19:27,359 Speaker 4: rights of the collective. 279 00:19:28,000 --> 00:19:31,920 Speaker 3: Doctor Robert Malone finds his work at Malone dot News. 280 00:19:32,240 --> 00:19:34,480 Speaker 2: That's where you find it all. I appreciate you so 281 00:19:34,600 --> 00:19:36,879 Speaker 2: much for being here. We're gonna be having more of 282 00:19:36,920 --> 00:19:39,639 Speaker 2: these conversations. Guys, keep it here. I'm Tony Katz, and 283 00:19:39,760 --> 00:19:41,320 Speaker 2: this is Tony Katz Today. 284 00:19:41,359 --> 00:19:45,960 Speaker 3: Find everything at Tony Katz dot com. So I saw 285 00:19:46,000 --> 00:19:48,760 Speaker 3: a lot of people upset with President Trump, but they 286 00:19:48,760 --> 00:19:51,239 Speaker 3: were on the political left, and they're always upset with 287 00:19:51,359 --> 00:19:55,600 Speaker 3: President Trump. And oh, look he's bailing out Argentina and Wade. 288 00:19:55,640 --> 00:19:58,480 Speaker 3: I thought Argentina was the great miracle, and look what 289 00:19:58,640 --> 00:20:01,359 Speaker 3: Malay was doing in argent I guess it was just 290 00:20:01,400 --> 00:20:04,400 Speaker 3: a big failure. I guess all those austerity measures didn't 291 00:20:04,400 --> 00:20:08,560 Speaker 3: get you anything. Argentina was better before. There's no way 292 00:20:08,960 --> 00:20:12,800 Speaker 3: on the good Lord's green earth that Argentina was better before. 293 00:20:13,480 --> 00:20:14,080 Speaker 2: But there is. 294 00:20:14,000 --> 00:20:17,840 Speaker 3: Something really interesting going on with what the president is 295 00:20:17,960 --> 00:20:20,040 Speaker 3: doing and what the United States is going to do 296 00:20:20,080 --> 00:20:24,840 Speaker 3: with Argentina. That's usually saved for much larger, much more 297 00:20:24,880 --> 00:20:25,960 Speaker 3: stable nations. 298 00:20:26,040 --> 00:20:28,800 Speaker 2: Tony Katz, Tony kats Today, Good to be with you. 299 00:20:28,880 --> 00:20:31,600 Speaker 3: Doctor Matt will joined us right now, economist at the 300 00:20:31,720 --> 00:20:35,719 Speaker 3: University of Indianapolis. Before we get to the Argentina story, 301 00:20:36,200 --> 00:20:41,560 Speaker 3: let's start with GDP three point eight percent revised growth 302 00:20:41,720 --> 00:20:45,440 Speaker 3: now in the second quarter, according to the US Bureau 303 00:20:45,480 --> 00:20:50,960 Speaker 3: of Economic Analysis, three point eight listen, three percent was good. 304 00:20:51,280 --> 00:20:52,320 Speaker 2: Three point three. 305 00:20:52,200 --> 00:20:54,399 Speaker 3: Was amazing for a country like hours with an output 306 00:20:54,440 --> 00:20:59,240 Speaker 3: like hours three point eight is insane, is immeasurable. 307 00:20:59,560 --> 00:21:02,639 Speaker 2: It's all almost too fast. What is this number and 308 00:21:02,680 --> 00:21:03,520 Speaker 2: what does it say to you? 309 00:21:04,680 --> 00:21:06,560 Speaker 1: Well, it's a great number. I mean, you can't deny 310 00:21:06,640 --> 00:21:08,800 Speaker 1: it's a great number. But like you and I always do, 311 00:21:08,880 --> 00:21:11,240 Speaker 1: let's dig below the surface. There's two good parts and 312 00:21:11,280 --> 00:21:14,120 Speaker 1: one that yeah, that explains it. The two good parts 313 00:21:14,200 --> 00:21:17,240 Speaker 1: is consumer spending was up more than the first two estimates, 314 00:21:17,520 --> 00:21:20,480 Speaker 1: so the final number says, hey, consumers, they're confident, they're 315 00:21:20,520 --> 00:21:23,879 Speaker 1: buying stuff. And the second is massive investment in intellectual 316 00:21:23,880 --> 00:21:24,720 Speaker 1: property for AI. 317 00:21:25,240 --> 00:21:26,720 Speaker 2: AI is driving this. 318 00:21:26,680 --> 00:21:31,920 Speaker 1: Thing, equipment, intellectual property, non residential AI investment. It's through 319 00:21:32,000 --> 00:21:35,159 Speaker 1: the roof. And that's the big number here. And the 320 00:21:35,200 --> 00:21:38,840 Speaker 1: third one is imports were down. It's an anomaly of 321 00:21:38,880 --> 00:21:43,000 Speaker 1: the entire GDP formula. Imports were up the first quarter 322 00:21:43,320 --> 00:21:46,040 Speaker 1: front loading, heading in front of the terrace, and then 323 00:21:46,040 --> 00:21:47,440 Speaker 1: second quarter they snap back. 324 00:21:48,240 --> 00:21:52,119 Speaker 3: So if imports are down, that helps the GDP because 325 00:21:52,119 --> 00:21:53,720 Speaker 3: it means what. 326 00:21:55,280 --> 00:21:58,520 Speaker 1: It's just the form the formula is net imports exports. 327 00:21:58,720 --> 00:22:00,400 Speaker 1: It's part of the GDP formula. 328 00:22:00,440 --> 00:22:01,320 Speaker 2: It's a part of it. 329 00:22:01,359 --> 00:22:03,440 Speaker 1: I don't agree with I don't like it, but it's 330 00:22:03,440 --> 00:22:05,920 Speaker 1: just part of the Kinsian formula developed in the forties, 331 00:22:06,720 --> 00:22:08,440 Speaker 1: and we should we should really. 332 00:22:08,240 --> 00:22:10,280 Speaker 2: Spend a little bit of time on that one day, sir. 333 00:22:10,359 --> 00:22:13,520 Speaker 3: That my conversation regarding the Beuer of Labor Statistics and 334 00:22:13,560 --> 00:22:18,320 Speaker 3: how we take a look at inflation numbers, et cetera. 335 00:22:19,200 --> 00:22:22,680 Speaker 3: Is it because we are trying to politically maneuver numbers 336 00:22:22,720 --> 00:22:26,879 Speaker 3: to fit a political party or a political moment, or 337 00:22:27,160 --> 00:22:31,440 Speaker 3: is our utilization of formulas just out data and off base. 338 00:22:31,560 --> 00:22:35,320 Speaker 2: Certainly, anything Kynesian to me is out data and off base. 339 00:22:35,760 --> 00:22:41,520 Speaker 3: But is the formula no longer applicable to this modern world? 340 00:22:41,680 --> 00:22:43,320 Speaker 2: And what is it that is. 341 00:22:43,240 --> 00:22:47,040 Speaker 3: That needs to be configured or considered in the configuration 342 00:22:47,400 --> 00:22:48,200 Speaker 3: for a new model. 343 00:22:49,280 --> 00:22:52,520 Speaker 1: Yes, yes, yes, yes to your second point, it is old. 344 00:22:52,520 --> 00:22:55,760 Speaker 1: It's outdated. That's why eg Antoni is going to be 345 00:22:55,800 --> 00:22:57,920 Speaker 1: in charge of the Bureau of Labor Statistics. His job 346 00:22:57,960 --> 00:23:00,760 Speaker 1: is to fix the problem because their formula are outdated. 347 00:23:00,960 --> 00:23:04,800 Speaker 1: The BEA formulas are outdated. You asked, what should the 348 00:23:04,800 --> 00:23:07,199 Speaker 1: fix be. It needs to be revised to include what 349 00:23:07,359 --> 00:23:11,440 Speaker 1: we call FDI foreign direct investment that is totally excluded 350 00:23:11,440 --> 00:23:14,160 Speaker 1: from the formula, which is absurd when all this money 351 00:23:14,240 --> 00:23:17,520 Speaker 1: is flooding into the United States from overseas, as Trump 352 00:23:17,520 --> 00:23:20,760 Speaker 1: points out, but it's not in the GDP formula. So yes, Tony, 353 00:23:20,840 --> 00:23:23,080 Speaker 1: the GDP formula is old. It needs to be revived 354 00:23:23,119 --> 00:23:24,920 Speaker 1: if we're gonna include foreign investment. 355 00:23:24,960 --> 00:23:29,080 Speaker 3: Talking to doctor Matt Will economists at the University of Indianapolis, 356 00:23:29,480 --> 00:23:31,760 Speaker 3: you're saying that the GDP should be seen as higher 357 00:23:31,800 --> 00:23:32,239 Speaker 3: than it is. 358 00:23:33,960 --> 00:23:38,320 Speaker 2: Yes, well, okay, Tony, it's not so simple. Okay, there's 359 00:23:38,320 --> 00:23:38,720 Speaker 2: a lot. 360 00:23:38,560 --> 00:23:40,520 Speaker 1: Of moving parts here, So I'm not going to say 361 00:23:40,520 --> 00:23:42,000 Speaker 1: it should be higher. I'm gonna say there's a lot 362 00:23:42,000 --> 00:23:42,960 Speaker 1: of moving parts. 363 00:23:43,200 --> 00:23:45,160 Speaker 3: But give me, give me one thing that you would 364 00:23:45,280 --> 00:23:49,320 Speaker 3: if you were adding this foreign direct investment. How how 365 00:23:49,359 --> 00:23:52,800 Speaker 3: does that show up? How would you put that into 366 00:23:52,840 --> 00:23:53,480 Speaker 3: the number and. 367 00:23:53,400 --> 00:23:54,720 Speaker 2: Would the number move up or down? 368 00:23:55,920 --> 00:23:58,320 Speaker 1: Okay, it would move up. Then it might cause some 369 00:23:58,400 --> 00:24:00,280 Speaker 1: things to go down. It goes up because if you 370 00:24:00,320 --> 00:24:03,399 Speaker 1: build a factory in Indiana and it's built with foreign money, 371 00:24:03,440 --> 00:24:05,199 Speaker 1: that's going to cause the GDP to go up. So 372 00:24:05,280 --> 00:24:07,000 Speaker 1: that's a good thing. And so what Trump is doing 373 00:24:07,000 --> 00:24:09,439 Speaker 1: with these foreign investments is a good thing. But at 374 00:24:09,480 --> 00:24:12,600 Speaker 1: the same time, in order to get more FDI, you 375 00:24:12,680 --> 00:24:15,920 Speaker 1: have to have a larger or smaller trade deficit. And 376 00:24:16,040 --> 00:24:18,720 Speaker 1: I can tell you trade deficits are good for the 377 00:24:18,840 --> 00:24:22,400 Speaker 1: United States because that gets more trade back and forth 378 00:24:22,440 --> 00:24:24,880 Speaker 1: and it lowers the cost of overall goods. So there's 379 00:24:24,920 --> 00:24:27,800 Speaker 1: two parts to this equation. It's not one simple formula. 380 00:24:27,920 --> 00:24:30,080 Speaker 3: And we're going back now to the conversation that we 381 00:24:30,080 --> 00:24:34,320 Speaker 3: should not be engaging trade policy based on, for example, 382 00:24:34,359 --> 00:24:37,840 Speaker 3: tariffs based on trade deficits, because trade deficits are not 383 00:24:37,880 --> 00:24:39,359 Speaker 3: necessarily bad things. 384 00:24:39,440 --> 00:24:40,399 Speaker 2: Talking to doctor. 385 00:24:40,160 --> 00:24:44,040 Speaker 3: Matt Will, economists of the University of Indianapolis, the argument 386 00:24:44,080 --> 00:24:46,520 Speaker 3: against that is, well, the problem is they're not buying 387 00:24:46,520 --> 00:24:51,119 Speaker 3: our goods, not opening up to our markets, not giving 388 00:24:51,200 --> 00:24:54,760 Speaker 3: us markets, and then trying to flood us with their things. 389 00:24:54,840 --> 00:24:57,280 Speaker 3: That this has been the back and forth really about 390 00:24:57,440 --> 00:25:01,159 Speaker 3: American jobs more than it is about the economy. But 391 00:25:01,359 --> 00:25:04,400 Speaker 3: this is only part one of our conversation. Part two 392 00:25:04,520 --> 00:25:08,560 Speaker 3: is what's going on with Argentina, where Trump has said 393 00:25:08,640 --> 00:25:13,600 Speaker 3: he will provide help to Argentina when it comes to 394 00:25:14,240 --> 00:25:20,080 Speaker 3: their economy. They had massive spending, massive issues. They bring 395 00:25:20,080 --> 00:25:24,200 Speaker 3: in Javier Malay, he starts engaging in austerity measures left 396 00:25:24,240 --> 00:25:26,639 Speaker 3: and right. The inflation rate in the matter of a 397 00:25:26,760 --> 00:25:30,720 Speaker 3: year falls precipitously and it is an oh my gosh, 398 00:25:30,760 --> 00:25:34,840 Speaker 3: look at what's happening in Argentina. Great opportunity there. But 399 00:25:34,960 --> 00:25:38,560 Speaker 3: when you're asking the United States, hey, we need dollars, 400 00:25:38,600 --> 00:25:41,800 Speaker 3: and we'll give you our Argentinian peso, which isn't necessarily 401 00:25:41,880 --> 00:25:44,720 Speaker 3: worth much and hopefully it'll be worth more in the future, 402 00:25:45,560 --> 00:25:48,240 Speaker 3: that's not a great sign that all is well in 403 00:25:48,280 --> 00:25:49,600 Speaker 3: the Argentinian economy. 404 00:25:50,800 --> 00:25:53,680 Speaker 1: No, but let me give a little bit of economic 405 00:25:53,760 --> 00:25:57,640 Speaker 1: nerdy training here. They're asking for what's called a swapline. 406 00:25:57,880 --> 00:26:02,359 Speaker 1: A swap line is when Argentinians sell US paysos and 407 00:26:02,400 --> 00:26:05,560 Speaker 1: we give them dollars. It's just an exchange. Why do 408 00:26:05,600 --> 00:26:08,399 Speaker 1: they need to do this Because the dollar is the 409 00:26:08,400 --> 00:26:12,080 Speaker 1: world's reserve currency and all transactions to current dollars. So 410 00:26:13,160 --> 00:26:17,080 Speaker 1: Argentinians cannot buy stuff unless they have dollars, and they 411 00:26:17,119 --> 00:26:22,200 Speaker 1: don't have enough net exports. They need more dollars. We're 412 00:26:22,240 --> 00:26:26,640 Speaker 1: not buying enough stuff from them. So ironically, the deficits, 413 00:26:26,840 --> 00:26:29,320 Speaker 1: the trade deficits that Trump is trying to eliminate, is 414 00:26:29,320 --> 00:26:33,600 Speaker 1: actually hurting Argentina because they don't have enough dollars. So, 415 00:26:34,040 --> 00:26:36,480 Speaker 1: but Trump can't do this on his own, Tony, he 416 00:26:36,560 --> 00:26:40,320 Speaker 1: can't just swap paysos for dollars. Only the Federal Reserve 417 00:26:40,359 --> 00:26:43,159 Speaker 1: Board can do that. Only the Federal Reserve Board can 418 00:26:43,200 --> 00:26:45,720 Speaker 1: exchange US dollars for another currency. So he has to 419 00:26:45,760 --> 00:26:49,399 Speaker 1: coordinate with them through the Treasury Department to make this happen. 420 00:26:49,920 --> 00:26:52,359 Speaker 1: It's a huge risk because what if they don't end 421 00:26:52,400 --> 00:26:56,040 Speaker 1: up getting dollars through trade, well, then they will not 422 00:26:56,080 --> 00:26:58,320 Speaker 1: give us our dollars back. So it's as if we 423 00:26:58,440 --> 00:27:01,160 Speaker 1: loan money to our college roommate never paid us back. 424 00:27:01,840 --> 00:27:04,760 Speaker 1: That's what we're getting into, and it's a high risk 425 00:27:04,840 --> 00:27:08,480 Speaker 1: scenario that the US never does. We only do swap 426 00:27:08,520 --> 00:27:13,840 Speaker 1: lines with euro Japan, Switzerland, the UK they need temporary dollars. 427 00:27:13,880 --> 00:27:16,280 Speaker 1: We never do it with developing countries. This is a 428 00:27:16,359 --> 00:27:17,600 Speaker 1: very unusual circumstance. 429 00:27:18,119 --> 00:27:23,359 Speaker 2: So let's get into the the the risk reward here. 430 00:27:23,880 --> 00:27:27,919 Speaker 3: This seems to be more of a geopolitical play in 431 00:27:28,000 --> 00:27:32,000 Speaker 3: trying to create better alliances in South America. I would 432 00:27:32,080 --> 00:27:35,800 Speaker 3: almost argue that this is a hedge against China and 433 00:27:36,040 --> 00:27:40,280 Speaker 3: their continued assertion of dominance in South America, in our 434 00:27:40,359 --> 00:27:44,080 Speaker 3: in our hemispheres. But the the going back to just 435 00:27:44,520 --> 00:27:48,800 Speaker 3: how the how the mathematics works. And this swap line. 436 00:27:49,440 --> 00:27:52,679 Speaker 3: We take their pay sos, they get our dollars, and 437 00:27:52,760 --> 00:27:55,639 Speaker 3: as you brought up, the fear is they may not 438 00:27:55,800 --> 00:27:59,640 Speaker 3: be able to give those dollars back. How does that 439 00:27:59,800 --> 00:28:04,720 Speaker 3: matterest meaning what mistake gets made? What issue does Argentina 440 00:28:04,840 --> 00:28:08,200 Speaker 3: run into that they are not able to overcome that 441 00:28:08,240 --> 00:28:10,960 Speaker 3: they can't basically get us our money back. 442 00:28:12,240 --> 00:28:14,679 Speaker 1: Well, they're going to get the two things could happen. 443 00:28:14,880 --> 00:28:17,399 Speaker 1: They have to sell their products around the world and 444 00:28:17,440 --> 00:28:20,600 Speaker 1: collect dollars. It's that simple. They simply have to sell 445 00:28:20,720 --> 00:28:23,800 Speaker 1: Argentinian beef to somebody to collect dollars. They need to 446 00:28:23,840 --> 00:28:26,359 Speaker 1: have more tourists come to their country so that they 447 00:28:26,520 --> 00:28:29,560 Speaker 1: leave dollars behind. They simply need dollars so that they 448 00:28:29,600 --> 00:28:32,280 Speaker 1: can then trade them back for the paesos. So that's 449 00:28:32,280 --> 00:28:34,280 Speaker 1: one part of it. The other part is when that 450 00:28:34,400 --> 00:28:39,000 Speaker 1: exchange occurs, what if the paso is weaker, so we 451 00:28:39,080 --> 00:28:42,720 Speaker 1: get fewer dollars when we exchange the pesos in our pocket, 452 00:28:42,800 --> 00:28:45,880 Speaker 1: in our reserve. So that's the risk is the paeso 453 00:28:45,960 --> 00:28:48,560 Speaker 1: gets weaker. By the way, it's been getting weaker over 454 00:28:48,560 --> 00:28:51,280 Speaker 1: the years, and it's still getting weaker and that they 455 00:28:51,280 --> 00:28:54,800 Speaker 1: don't collect enough dollars to pay us back. It's unlikely, Tony, 456 00:28:55,040 --> 00:28:58,320 Speaker 1: It's very unlikely that they will swap back the same 457 00:28:58,400 --> 00:28:59,880 Speaker 1: number of dollars that we give them. 458 00:29:00,440 --> 00:29:03,400 Speaker 2: So again I go to, you know, the question of 459 00:29:03,440 --> 00:29:04,280 Speaker 2: why do we do this. 460 00:29:04,720 --> 00:29:08,480 Speaker 3: I have to assume there's some geopolitics at play here. 461 00:29:08,800 --> 00:29:11,720 Speaker 2: But if we engage as politically, people will say. 462 00:29:11,520 --> 00:29:13,440 Speaker 3: Well, I guess Malay was wrong, and I guess all 463 00:29:13,440 --> 00:29:16,400 Speaker 3: this austerity didn't work. And again all the spending cuts 464 00:29:16,400 --> 00:29:20,200 Speaker 3: didn't work. Argentina was in a much better place before 465 00:29:20,240 --> 00:29:22,280 Speaker 3: Malay got elected. 466 00:29:22,320 --> 00:29:23,000 Speaker 2: That's not true. 467 00:29:23,800 --> 00:29:26,840 Speaker 1: No, No, that is that one hundred percent false. This 468 00:29:26,880 --> 00:29:30,320 Speaker 1: country has revolutionized themselves in the last few years since 469 00:29:30,320 --> 00:29:33,280 Speaker 1: he's been president. They had a budget surplus last year. 470 00:29:33,520 --> 00:29:35,640 Speaker 1: It may not maintain this year. It looks like they 471 00:29:35,680 --> 00:29:39,640 Speaker 1: may be stable in a flat to slight deficit, but 472 00:29:39,800 --> 00:29:43,200 Speaker 1: nothing like they were before. Their currency has stabilized. It's 473 00:29:43,200 --> 00:29:45,560 Speaker 1: still weak, it's still getting weaker, but it's nothing. They 474 00:29:45,640 --> 00:29:47,640 Speaker 1: used to have what's called the blue rate. You would 475 00:29:47,640 --> 00:29:50,880 Speaker 1: have a black market rate to exchange the Argentinian peso 476 00:29:51,240 --> 00:29:54,400 Speaker 1: because the government rate was so bad. No, Tony, this 477 00:29:54,480 --> 00:29:57,920 Speaker 1: has been an economic miracle. Let's not confuse it. But 478 00:29:57,960 --> 00:30:00,800 Speaker 1: they aren't finished with the job yet. And that's where 479 00:30:00,800 --> 00:30:02,800 Speaker 1: we're at. And I think this You're right, it may 480 00:30:02,840 --> 00:30:05,440 Speaker 1: be geopolitical, but it may also be Trump just saying okay, 481 00:30:05,520 --> 00:30:08,600 Speaker 1: let's give them a nudge to get across the finish line. 482 00:30:09,200 --> 00:30:16,000 Speaker 3: Talking to doctor Matt Will, economist at the University of Indianapolis, 483 00:30:15,800 --> 00:30:21,960 Speaker 3: it is interesting and it does strike to exactly what 484 00:30:22,000 --> 00:30:25,160 Speaker 3: can we afford or maybe more to the point, what 485 00:30:25,400 --> 00:30:27,920 Speaker 3: can't we afford? 486 00:30:28,800 --> 00:30:31,280 Speaker 2: Never mind why this might be smart on. 487 00:30:31,280 --> 00:30:36,360 Speaker 3: A geopolitical basis, I could without knowing any other information, 488 00:30:36,520 --> 00:30:40,800 Speaker 3: I think I could sell that story regarding China and 489 00:30:40,920 --> 00:30:46,160 Speaker 3: hegemonic power. But it is the United States in a 490 00:30:46,200 --> 00:30:50,600 Speaker 3: position to make this kind of move economically. 491 00:30:51,200 --> 00:30:53,640 Speaker 1: And yes we are, I mean, think of it. We 492 00:30:53,720 --> 00:30:58,040 Speaker 1: pulled back all this usaid, which was total bogus junk 493 00:30:58,360 --> 00:31:00,280 Speaker 1: that we were giving money away around the world world. 494 00:31:01,400 --> 00:31:04,280 Speaker 1: Why not take some of those dollars and help a 495 00:31:04,400 --> 00:31:08,200 Speaker 1: friendly nation that is shifting from capitalism, I mean, from 496 00:31:08,240 --> 00:31:11,880 Speaker 1: socialism to capitalism. Do we want them to go back 497 00:31:11,880 --> 00:31:17,040 Speaker 1: to the socialist, corrupt government they had before? I again, Tony, 498 00:31:17,080 --> 00:31:19,040 Speaker 1: I'm not saying I'm in favor or against this. From 499 00:31:19,080 --> 00:31:22,000 Speaker 1: a pure economic standpoint, I don't like it. But from 500 00:31:22,040 --> 00:31:25,960 Speaker 1: a geopolitical standpoint, I understand. We have a good capitalist friend. 501 00:31:26,320 --> 00:31:28,240 Speaker 1: Do we want him to succeed or do you want 502 00:31:28,240 --> 00:31:30,360 Speaker 1: the corrupt people to come back in and take it 503 00:31:30,400 --> 00:31:32,280 Speaker 1: over and go back to the way it was, which 504 00:31:32,360 --> 00:31:33,040 Speaker 1: was a disaster. 505 00:31:34,240 --> 00:31:39,400 Speaker 3: Speaking of good capitalism, which is to say, just capitalism. 506 00:31:39,880 --> 00:31:43,480 Speaker 3: The story came out yesterday and here is where I 507 00:31:43,880 --> 00:31:46,080 Speaker 3: bring you something that we I didn't mention. 508 00:31:46,200 --> 00:31:48,880 Speaker 2: I was going to bring up the Chicago Bears. 509 00:31:49,280 --> 00:31:52,400 Speaker 3: There's a two point thirty five percent minority steak that 510 00:31:52,520 --> 00:31:54,880 Speaker 3: is sold and because of the value of that steak, 511 00:31:55,320 --> 00:31:58,800 Speaker 3: that means that the Chicago Bears are valued at eight 512 00:31:58,800 --> 00:32:03,360 Speaker 3: point nine billion dollars. And you had Robert Kraft of 513 00:32:03,400 --> 00:32:07,280 Speaker 3: the Patriots engaging a small sale of some shares, and 514 00:32:07,320 --> 00:32:10,840 Speaker 3: that puts the New England Patriots at a value of 515 00:32:10,920 --> 00:32:14,040 Speaker 3: nine billion dollars as well. First of all, the Bears 516 00:32:14,040 --> 00:32:17,960 Speaker 3: are worth the same amount as the Patriots not buying it. Secondly, 517 00:32:18,400 --> 00:32:21,160 Speaker 3: NFL teams are now worth nine billion dollars. 518 00:32:21,160 --> 00:32:21,360 Speaker 2: Sir. 519 00:32:24,520 --> 00:32:27,560 Speaker 1: I hate to say this, but yes, yes, when you 520 00:32:27,640 --> 00:32:30,520 Speaker 1: take the present value of the cash flows generated this 521 00:32:30,680 --> 00:32:32,880 Speaker 1: is a money making machine. How do you think they 522 00:32:32,880 --> 00:32:35,400 Speaker 1: can afford to pay some of these players hundreds of 523 00:32:35,400 --> 00:32:39,520 Speaker 1: millions of dollars. I mean, it boggles the mind the 524 00:32:39,520 --> 00:32:42,560 Speaker 1: amount of cash generated by the NFL and they continue 525 00:32:42,600 --> 00:32:45,560 Speaker 1: to make it. Some of these companies, take the Cults 526 00:32:45,600 --> 00:32:48,680 Speaker 1: for example. The Colts owners used to be in other businesses. 527 00:32:49,360 --> 00:32:51,600 Speaker 1: They said, heck, what do we need another business for. 528 00:32:51,840 --> 00:32:54,600 Speaker 1: We've got NFL football. It's the most profitable business on 529 00:32:54,640 --> 00:32:57,120 Speaker 1: the planet. It's a money making machine. 530 00:32:57,920 --> 00:33:01,040 Speaker 3: And something is worth what somebody else is willing to 531 00:33:01,160 --> 00:33:04,800 Speaker 3: pay for it. I still think that that falls in 532 00:33:04,840 --> 00:33:08,200 Speaker 3: and this is the most exclusive club possibly in the world, 533 00:33:08,920 --> 00:33:11,720 Speaker 3: owning an NFL team. Doctor Matt Weell, economist at the 534 00:33:11,800 --> 00:33:14,360 Speaker 3: University of Indianapolis, appreciate you more. 535 00:33:14,400 --> 00:33:17,320 Speaker 2: Coming up on Tony katz Biger wanted to be on 536 00:33:17,360 --> 00:33:18,560 Speaker 2: the right side of history. 537 00:33:19,240 --> 00:33:22,200 Speaker 6: Do you want to be the one who caved to 538 00:33:22,240 --> 00:33:27,040 Speaker 6: the White House and took a really institution off the air? 539 00:33:27,160 --> 00:33:31,200 Speaker 6: Late night television has been with us for a long time, 540 00:33:31,800 --> 00:33:35,360 Speaker 6: and you could see last night it can really galvanize 541 00:33:35,440 --> 00:33:37,880 Speaker 6: the country. It was a very old fashioned moment. We 542 00:33:38,040 --> 00:33:41,160 Speaker 6: all sat down and wanted to at the same time 543 00:33:42,280 --> 00:33:44,560 Speaker 6: and wanted to hear what he had to stay. 544 00:33:45,200 --> 00:33:46,600 Speaker 2: And it's become. 545 00:33:48,080 --> 00:33:49,960 Speaker 6: There's been a national conversation about. 546 00:33:49,760 --> 00:33:50,600 Speaker 4: It for days. 547 00:33:51,360 --> 00:33:52,400 Speaker 2: You don't want to lose. 548 00:33:52,200 --> 00:33:55,440 Speaker 6: That, and that's what's under attack, and I think that 549 00:33:55,960 --> 00:33:57,360 Speaker 6: I think Jimmy defended it. 550 00:33:58,240 --> 00:34:02,440 Speaker 3: You think Jimmy Kimmel is galvanizing the country? Is this 551 00:34:02,600 --> 00:34:06,920 Speaker 3: the argument that exists on MSNBC And the answer is yes, 552 00:34:07,720 --> 00:34:11,640 Speaker 3: this is how they phrased Jimmy Kimmel returning to ABC. Well, 553 00:34:11,760 --> 00:34:15,520 Speaker 3: galvanize the country. And it really shows how important Late 554 00:34:15,640 --> 00:34:19,800 Speaker 3: Night is to half the country because half the country 555 00:34:19,880 --> 00:34:23,719 Speaker 3: got alienated from it, Half the country got mocked so viciously, 556 00:34:23,840 --> 00:34:27,760 Speaker 3: so brutally, half the country so hated by Stephen Colbert, 557 00:34:28,239 --> 00:34:32,120 Speaker 3: by Jimmy Kimmel, by Seth Myers, that they said, forget it, 558 00:34:32,160 --> 00:34:34,359 Speaker 3: we'll leave, never mind the Daily Show or anything else 559 00:34:34,360 --> 00:34:37,800 Speaker 3: that's out there. I don't think Fallon hates half the country. 560 00:34:38,160 --> 00:34:40,919 Speaker 3: I think he goes with that flow. And I don't 561 00:34:40,920 --> 00:34:44,200 Speaker 3: know who is the guy on CBS after Colbert, Oh, 562 00:34:44,239 --> 00:34:46,000 Speaker 3: I can picture him. 563 00:34:46,560 --> 00:34:49,200 Speaker 2: I think he was James Cordon. Yeah, I don't. 564 00:34:49,960 --> 00:34:51,839 Speaker 3: He may very well have hated, but I think he 565 00:34:51,880 --> 00:34:53,720 Speaker 3: tried to play as he was a little more aloof 566 00:34:53,800 --> 00:34:56,600 Speaker 3: than that, but I don't know if that necessarily held. Also, 567 00:34:56,600 --> 00:35:00,840 Speaker 3: I don't know who was watching that show. What a statement. 568 00:35:01,040 --> 00:35:03,400 Speaker 3: And now I'm going to hear about how he is 569 00:35:03,440 --> 00:35:04,440 Speaker 3: setting tone. 570 00:35:05,080 --> 00:35:07,640 Speaker 6: I think he gets such a proper tone and trying 571 00:35:07,640 --> 00:35:08,600 Speaker 6: to comfort people. 572 00:35:08,400 --> 00:35:10,880 Speaker 2: Who were perhaps disturbed. 573 00:35:10,280 --> 00:35:12,880 Speaker 6: That you were talking about this in a comedy monologue 574 00:35:12,880 --> 00:35:13,400 Speaker 6: when people. 575 00:35:13,280 --> 00:35:17,280 Speaker 2: Were still wrong about it, and he stayed on brand. 576 00:35:17,440 --> 00:35:18,759 Speaker 2: The rest of the show. 577 00:35:18,840 --> 00:35:22,600 Speaker 6: Was tough, topical political comedy. 578 00:35:22,800 --> 00:35:24,520 Speaker 3: I didn't watch the rest of the show, so I 579 00:35:24,520 --> 00:35:26,200 Speaker 3: don't know, and you didn't watch the rest of the show, 580 00:35:26,239 --> 00:35:30,440 Speaker 3: so you don't know. And sixty affiliates of ABC didn't 581 00:35:30,440 --> 00:35:33,239 Speaker 3: watch the show. Yet somehow the ratings before that first 582 00:35:33,239 --> 00:35:37,000 Speaker 3: time back were sky high. I think that's an anomaly. 583 00:35:37,920 --> 00:35:40,520 Speaker 3: And I think the idea that Late Night is setting 584 00:35:40,560 --> 00:35:43,120 Speaker 3: the tone for anybody is the kind of thing you 585 00:35:43,160 --> 00:35:47,400 Speaker 3: hear on MSNBC and doesn't track with anything having to 586 00:35:47,440 --> 00:35:47,719 Speaker 3: do with. 587 00:35:47,719 --> 00:35:51,640 Speaker 7: Reality at all. But it's what they tell their audience. 588 00:35:52,239 --> 00:35:55,120 Speaker 7: It's what they sell, it's what they say. It isn't 589 00:35:55,560 --> 00:35:59,200 Speaker 7: what is real. Find everything at Tony Katz dot com. 590 00:35:59,200 --> 00:36:03,520 Speaker 7: That's real, That mother Blinker is real. I'll catch it tomorrow. 591 00:36:03,520 --> 00:36:04,920 Speaker 4: If new Honey take care