1 00:00:00,280 --> 00:00:02,800 Speaker 1: Hey, Michael, I don't know if he's covered this this morning. 2 00:00:02,880 --> 00:00:05,320 Speaker 1: I haven't been able to lessen until just now, but 3 00:00:05,440 --> 00:00:09,320 Speaker 1: I was really pissed off at all your belly aching 4 00:00:09,360 --> 00:00:12,280 Speaker 1: about John Tune but then saying you don't care whether 5 00:00:13,440 --> 00:00:19,200 Speaker 1: John Cornyan or Ken Paxton gets selected. I care immensely. 6 00:00:19,560 --> 00:00:23,160 Speaker 1: John Cornyn is just like John Tune, and I think 7 00:00:23,280 --> 00:00:26,840 Speaker 1: like an abused prostitute, we need to get rid of 8 00:00:26,880 --> 00:00:29,200 Speaker 1: all the Johns in our life. 9 00:00:30,600 --> 00:00:34,600 Speaker 2: This is where you not you specific well, maybe you specifically, 10 00:00:35,240 --> 00:00:38,000 Speaker 2: but this is where people need to listen carefully to 11 00:00:38,040 --> 00:00:38,760 Speaker 2: what I say. 12 00:00:39,680 --> 00:00:43,080 Speaker 3: I don't care which one wins. 13 00:00:44,040 --> 00:00:48,920 Speaker 2: I want one of them to win because I don't 14 00:00:48,920 --> 00:00:54,560 Speaker 2: want to lose that seat. I would prefer Ken Paxton 15 00:00:55,280 --> 00:01:01,720 Speaker 2: because he's a genuine conservative. But when push comes to shove, 16 00:01:02,720 --> 00:01:05,720 Speaker 2: do you want tall Rico or do you want a Republican? 17 00:01:06,560 --> 00:01:08,959 Speaker 3: I want someone that I can at least have. 18 00:01:09,000 --> 00:01:12,160 Speaker 2: A conversation with, even though I may have to rip 19 00:01:12,200 --> 00:01:14,640 Speaker 2: him a new one like I do John Zune, as 20 00:01:14,680 --> 00:01:15,959 Speaker 2: opposed to tallar Rico, who. 21 00:01:15,880 --> 00:01:17,600 Speaker 3: Will never do anything. 22 00:01:19,200 --> 00:01:23,919 Speaker 2: At least Cornyn might occasionally do something we would appreciate, 23 00:01:24,760 --> 00:01:26,320 Speaker 2: although I wouldn't trust him as far as I can 24 00:01:26,360 --> 00:01:32,560 Speaker 2: throw him. This comes down to the practicality of retail politics. 25 00:01:33,600 --> 00:01:39,120 Speaker 2: You can have Texas will have a incredibly expensive primary fight, 26 00:01:39,640 --> 00:01:43,240 Speaker 2: and that's fine. That's the way it works. I think 27 00:01:43,280 --> 00:01:46,760 Speaker 2: that if Trump could pull off the idea of endorsing 28 00:01:46,760 --> 00:01:48,760 Speaker 2: one and getting the other to drop out of the race, 29 00:01:49,080 --> 00:01:52,960 Speaker 2: I would say that's a masterful political stroke of political genius. 30 00:01:53,280 --> 00:01:55,320 Speaker 2: I'm not really sure that Trump can pull that off, 31 00:01:55,920 --> 00:01:59,120 Speaker 2: because when eagles are involved, it doesn't make a difference 32 00:01:59,120 --> 00:02:01,400 Speaker 2: whether the president and horses you or not. If you 33 00:02:01,520 --> 00:02:03,800 Speaker 2: believe in your gut this. This is the thing that 34 00:02:03,880 --> 00:02:07,840 Speaker 2: you've got to understand about candidates. You should never be 35 00:02:07,920 --> 00:02:11,840 Speaker 2: a candidate for public office unless you genuinely believe and 36 00:02:11,840 --> 00:02:13,720 Speaker 2: you've got the fire in the belly that says I 37 00:02:13,840 --> 00:02:17,520 Speaker 2: can win and I'm the best person. Both Cornyn and 38 00:02:17,600 --> 00:02:18,640 Speaker 2: Paxton believe that. 39 00:02:20,000 --> 00:02:20,280 Speaker 3: Now. 40 00:02:20,440 --> 00:02:24,399 Speaker 2: I'll say this about Paxton right now, I think he genuinely, 41 00:02:24,720 --> 00:02:27,639 Speaker 2: sincerely believes he is the better candidate. 42 00:02:28,280 --> 00:02:31,960 Speaker 3: I happen to think that's too. But I'm just cynical 43 00:02:32,080 --> 00:02:32,919 Speaker 3: enough to. 44 00:02:32,960 --> 00:02:37,200 Speaker 2: Know that if Ken Paxton wins, give him just enough 45 00:02:37,240 --> 00:02:40,120 Speaker 2: time in the US Senate and he will cast some 46 00:02:40,240 --> 00:02:43,840 Speaker 2: votes that to you, mister talkback will piss you off. 47 00:02:45,560 --> 00:02:49,920 Speaker 2: And as far as John Cornan's concerned, he will also 48 00:02:49,960 --> 00:02:52,959 Speaker 2: at some point piss you off, because they all do. 49 00:02:53,760 --> 00:02:56,440 Speaker 2: If you vote for anybody thinking that they are the 50 00:02:56,600 --> 00:02:59,560 Speaker 2: ideal candidate and that they're always going to do what 51 00:02:59,639 --> 00:03:02,000 Speaker 2: you want to do or you think that they should do, 52 00:03:02,440 --> 00:03:05,800 Speaker 2: then you are setting yourself up for absolute disappointment. 53 00:03:07,240 --> 00:03:10,960 Speaker 3: So that brings me back to what do I want. 54 00:03:11,280 --> 00:03:16,880 Speaker 2: I want first and foremost a Republican controlled Senate, because 55 00:03:16,919 --> 00:03:21,840 Speaker 2: that has more to do with judicial appointments and all 56 00:03:21,880 --> 00:03:24,359 Speaker 2: the other appointments that right now John Thune is withholding. 57 00:03:25,280 --> 00:03:29,640 Speaker 2: But as much as I dislike John Thune and as 58 00:03:29,720 --> 00:03:31,680 Speaker 2: much as I despise him, and it will rip him 59 00:03:31,680 --> 00:03:33,520 Speaker 2: anew when every single day, in fact, he's on my 60 00:03:33,560 --> 00:03:38,840 Speaker 2: list today again, would I rather have John Thune or 61 00:03:38,960 --> 00:03:44,160 Speaker 2: Chuck Schumer? You got to ask yourself that question, because 62 00:03:44,160 --> 00:03:47,360 Speaker 2: when you go to vote, whether your guy won in 63 00:03:47,520 --> 00:03:51,640 Speaker 2: the primary and makes it to the general election or not. Now, 64 00:03:51,680 --> 00:03:55,560 Speaker 2: when you get to the general election, you're voting for 65 00:03:55,640 --> 00:04:00,240 Speaker 2: a coalition. You're voting for, and it is a binary chilloice. 66 00:04:00,520 --> 00:04:04,640 Speaker 2: I don't care what you say about unaffiliated voters do 67 00:04:04,760 --> 00:04:07,720 Speaker 2: not have an organized party, nobody's running on the un 68 00:04:07,760 --> 00:04:11,960 Speaker 2: affiliated ticket, and then the Libertarians who are just wasting 69 00:04:12,000 --> 00:04:15,480 Speaker 2: their time and taking away Republican votes. So a pok's 70 00:04:15,520 --> 00:04:20,080 Speaker 2: on Libertarians as a party as an organized party, because 71 00:04:20,920 --> 00:04:23,839 Speaker 2: you are taking away votes that would go to the 72 00:04:23,880 --> 00:04:27,359 Speaker 2: Republican side of those two of that binary choice of 73 00:04:27,400 --> 00:04:31,720 Speaker 2: a coalition. So always think in terms of yes. In 74 00:04:31,760 --> 00:04:36,279 Speaker 2: a primary, you want the most winnable conservative to win 75 00:04:37,720 --> 00:04:40,320 Speaker 2: because you want that person to represent you in the 76 00:04:40,360 --> 00:04:43,680 Speaker 2: House or the Senate, or in a governor's mansion, or 77 00:04:43,680 --> 00:04:45,400 Speaker 2: in a state house or state rep or in a 78 00:04:45,440 --> 00:04:48,120 Speaker 2: city council or a school board or any anywhere else. 79 00:04:48,440 --> 00:04:52,600 Speaker 2: But when you finally get to the nut cutting of 80 00:04:52,640 --> 00:04:56,880 Speaker 2: a general election, you've got a choice, and it's a 81 00:04:56,920 --> 00:05:00,360 Speaker 2: stark choice in twenty twenty six, has been for the 82 00:05:00,400 --> 00:05:02,320 Speaker 2: past twenty years, and will be I think for the 83 00:05:02,320 --> 00:05:05,720 Speaker 2: next twenty years. You want a coalition of people that 84 00:05:06,120 --> 00:05:08,679 Speaker 2: are generally on your side or do you want people 85 00:05:08,680 --> 00:05:11,440 Speaker 2: that are completely opposed to everything that you stand for? 86 00:05:12,560 --> 00:05:14,880 Speaker 2: Which is why I would be willing to accept a 87 00:05:15,000 --> 00:05:18,640 Speaker 2: Cornyon if I can't get a Pakistan. But if I'm 88 00:05:18,680 --> 00:05:20,320 Speaker 2: in Texas, if I were in Texas. If I were 89 00:05:20,320 --> 00:05:23,760 Speaker 2: in Texas right now, I'd be I'd be talking Paxton Patistan, 90 00:05:23,800 --> 00:05:26,840 Speaker 2: Packston Pakistan on air. But I'm not in Texas. I'm 91 00:05:26,839 --> 00:05:33,279 Speaker 2: in Colorado. I'm surrounded by blue everywhere I look. But 92 00:05:33,400 --> 00:05:35,280 Speaker 2: that's a Texas that's a fight for Texas to have. 93 00:05:36,120 --> 00:05:39,560 Speaker 2: But what I would want Texans to do is, regardless 94 00:05:39,560 --> 00:05:42,640 Speaker 2: of who wins that primary or the runoff, whoever wins 95 00:05:42,680 --> 00:05:45,680 Speaker 2: that runoff and makes it to the general election, remember, 96 00:05:45,720 --> 00:05:48,920 Speaker 2: you can vote for a guy that is, quite frankly, 97 00:05:49,440 --> 00:05:52,640 Speaker 2: in my opinion, evil. He's a racist, he's a horrible individual, 98 00:05:53,640 --> 00:05:57,640 Speaker 2: and he's going to vote consistently and constantly with whatever 99 00:05:57,760 --> 00:06:00,080 Speaker 2: Chuck Schumer wants or whoever. 100 00:05:59,800 --> 00:06:02,200 Speaker 3: The majority leader might be. 101 00:06:02,520 --> 00:06:05,800 Speaker 2: If they take control of the Senate, that's a guaranteed 102 00:06:05,880 --> 00:06:11,760 Speaker 2: vote over here. I want the coalition that are comprised 103 00:06:11,800 --> 00:06:17,040 Speaker 2: of the Republicans, Rhinos and Maga Rhinos and true Conservatives. I 104 00:06:17,120 --> 00:06:20,560 Speaker 2: want them in charge. I don't want Democrats in charge. 105 00:06:20,960 --> 00:06:24,560 Speaker 2: So you might say my bottom line is defeat Democrats 106 00:06:25,160 --> 00:06:29,640 Speaker 2: at whatever cost, because they'll destroy the country, absolutely destroy 107 00:06:29,680 --> 00:06:37,800 Speaker 2: the country. Whew, what next. Let's talk about this. Let's 108 00:06:37,839 --> 00:06:43,320 Speaker 2: talk about magic. There's a principle in magic. It's called misdirection, 109 00:06:44,320 --> 00:06:49,320 Speaker 2: and misdirection applies in war and politics too. So you 110 00:06:49,360 --> 00:06:51,880 Speaker 2: make the audience stare at one hand while the other 111 00:06:51,920 --> 00:06:54,839 Speaker 2: hand does the work that actually matters. And for the 112 00:06:55,000 --> 00:06:57,400 Speaker 2: entire past week, the world's been staring at the right hand. 113 00:06:58,120 --> 00:07:01,320 Speaker 2: The explosion is over in the tons, the missile exchanges 114 00:07:01,440 --> 00:07:04,359 Speaker 2: over the Gulf. And I might add the sinking of 115 00:07:04,400 --> 00:07:07,760 Speaker 2: that Iranian ship in the Indian Ocean. Somebody said, what 116 00:07:07,880 --> 00:07:09,760 Speaker 2: somebody on the text line. Once you talk about something 117 00:07:09,800 --> 00:07:13,400 Speaker 2: important like Trump blew up an Iranian ship, you know 118 00:07:13,440 --> 00:07:16,760 Speaker 2: in the Indian Ocean. Yes, he did. That's an enemy warship. 119 00:07:17,840 --> 00:07:20,560 Speaker 2: Doesn't make any difference whether it's in international waters or 120 00:07:20,560 --> 00:07:24,120 Speaker 2: it's an Iranian waters or it's waters it's in. That's 121 00:07:24,160 --> 00:07:29,480 Speaker 2: an enemy ship and they sunk it, and I congratulations, 122 00:07:31,240 --> 00:07:32,679 Speaker 2: this is war. 123 00:07:33,160 --> 00:07:33,640 Speaker 3: My god. 124 00:07:33,720 --> 00:07:37,960 Speaker 2: Some people are just acdine stupid when it comes to 125 00:07:38,040 --> 00:07:40,320 Speaker 2: do you want to win or what kind of rules 126 00:07:40,320 --> 00:07:42,840 Speaker 2: of engagement do you want? You went the submarine to 127 00:07:42,880 --> 00:07:46,360 Speaker 2: surface and say hey, we're getting ready to blow the 128 00:07:46,480 --> 00:07:48,240 Speaker 2: you know what out of you, and your your ship's 129 00:07:48,240 --> 00:07:50,360 Speaker 2: gonna sink, so all of you on board. You might 130 00:07:50,400 --> 00:07:52,640 Speaker 2: want to get on those boats before we blow the 131 00:07:52,640 --> 00:07:54,960 Speaker 2: crap out of you. I mean that, I honestly think 132 00:07:55,000 --> 00:07:58,600 Speaker 2: that's what some people think. They've never dealt with the 133 00:07:58,640 --> 00:08:05,280 Speaker 2: reality of war or disaster or national security issues. So 134 00:08:05,640 --> 00:08:12,520 Speaker 2: back to sleight of hand. Operation Epic fury has dominated 135 00:08:12,560 --> 00:08:17,560 Speaker 2: every screen, every headline, every breathless cable news conversation, every 136 00:08:17,640 --> 00:08:18,400 Speaker 2: panel that they. 137 00:08:18,320 --> 00:08:20,760 Speaker 3: Have on and it should. 138 00:08:21,320 --> 00:08:27,640 Speaker 2: Military action at that scale deserves observation and scrutiny. People 139 00:08:27,640 --> 00:08:31,800 Speaker 2: are going to die. The consequences are real. But here's 140 00:08:31,840 --> 00:08:35,000 Speaker 2: what I'd like to introduce into evidence. While your eyes 141 00:08:35,040 --> 00:08:38,839 Speaker 2: were on the fireworks, the other hand was moving too, 142 00:08:39,559 --> 00:08:42,319 Speaker 2: and what it moved is going to reshape the global 143 00:08:42,360 --> 00:08:46,920 Speaker 2: economic order for at least a generation. So let's go 144 00:08:46,960 --> 00:08:53,160 Speaker 2: through that one by one. First, China's oil supply just 145 00:08:53,600 --> 00:08:57,920 Speaker 2: got a tarniquet added to it. Iran has been China's 146 00:08:58,000 --> 00:09:03,199 Speaker 2: quiet sanctions busting gas station for years. Beijing was buying 147 00:09:03,240 --> 00:09:07,160 Speaker 2: Iranian crewed at a steep discount, anywhere from nine to 148 00:09:07,200 --> 00:09:10,760 Speaker 2: fifteen dollars below what the market price was, oil that 149 00:09:10,880 --> 00:09:13,559 Speaker 2: the rest of the world wouldn't touch, and they were 150 00:09:13,600 --> 00:09:17,680 Speaker 2: foeling that oil through ghost flinks, fleets of tankers with 151 00:09:18,080 --> 00:09:21,679 Speaker 2: their transponders turned off. They were laundering it through Malaysian 152 00:09:21,760 --> 00:09:26,559 Speaker 2: and Amani intermediaries, and that was keeping its industrial economy 153 00:09:26,640 --> 00:09:32,960 Speaker 2: humming while simultaneously lecturing the West about sovereignty and multilateralism. 154 00:09:33,679 --> 00:09:36,480 Speaker 2: Now that arrangement was elegant, it was profitable, and it 155 00:09:36,559 --> 00:09:39,160 Speaker 2: was a direct finger in the eye of US sanctions 156 00:09:39,200 --> 00:09:44,240 Speaker 2: policy on the Iranians. Somewhere between ten and fifteen percent 157 00:09:44,240 --> 00:09:47,480 Speaker 2: of China's total oil imports some estimas are actually higher 158 00:09:48,080 --> 00:09:52,880 Speaker 2: come from Iran. Now, factoring that disruption, the strikes, the 159 00:09:52,960 --> 00:09:58,040 Speaker 2: port uncertainty, the insurance simpl king implications, the chilling effects 160 00:09:58,040 --> 00:10:01,480 Speaker 2: on every ship captain, in tank operator who had been 161 00:10:01,559 --> 00:10:05,720 Speaker 2: willing to run the gray or black market route. You 162 00:10:05,920 --> 00:10:10,080 Speaker 2: do not have to physically blockade a port or a 163 00:10:10,200 --> 00:10:14,440 Speaker 2: straight straight of horse moves to effectively close it. You 164 00:10:14,640 --> 00:10:19,160 Speaker 2: just have to make the risk calculation different. And right 165 00:10:19,200 --> 00:10:23,520 Speaker 2: now the risk calculation on Iranian crew looks catastrophically different. 166 00:10:24,840 --> 00:10:29,160 Speaker 2: Now for Beijing, that's not a rounding area error. That 167 00:10:29,400 --> 00:10:34,560 Speaker 2: is supply shock, that is an inflation problem. That is 168 00:10:34,600 --> 00:10:38,160 Speaker 2: a strategic vulnerability that Gigenping now has to solve. And 169 00:10:38,200 --> 00:10:43,079 Speaker 2: the only available substitutes are more expensive, more politically complicated, 170 00:10:43,600 --> 00:10:47,160 Speaker 2: and more dependent on the very dollar denominated system that 171 00:10:47,280 --> 00:10:51,439 Speaker 2: China has been spending years, a decade at least trying 172 00:10:51,440 --> 00:10:55,640 Speaker 2: to escape from, trying to demolish. So that's the first thing, 173 00:10:56,160 --> 00:11:00,560 Speaker 2: the choke hold on China that will completely rear range. 174 00:11:00,360 --> 00:11:01,680 Speaker 3: The global world order. 175 00:11:02,360 --> 00:11:06,400 Speaker 2: Chinese economy is already in in the crapper, and Donald 176 00:11:06,440 --> 00:11:10,520 Speaker 2: Trump just put a tournique on it even more so. 177 00:11:12,240 --> 00:11:17,800 Speaker 2: But now what you think about Lloyd's of London, Because 178 00:11:18,320 --> 00:11:22,199 Speaker 2: the table that Lloyd's of London operated from has now 179 00:11:22,280 --> 00:11:25,480 Speaker 2: been moved to the back corner of the room. Here's 180 00:11:25,520 --> 00:11:28,800 Speaker 2: a number that does not make cable news, but should 181 00:11:28,880 --> 00:11:33,440 Speaker 2: be on cable news. Marine wore risk insurance premiums for 182 00:11:33,520 --> 00:11:37,720 Speaker 2: Gulf transit have gone in some cases from a fraction 183 00:11:37,880 --> 00:11:42,040 Speaker 2: of a percent to several percentage points of cargo value 184 00:11:42,720 --> 00:11:48,160 Speaker 2: overnight per voyage. And who writes that coverage, who writes 185 00:11:48,200 --> 00:11:53,559 Speaker 2: that paper? Historically London, Lloyd's of London, that's the centuries 186 00:11:53,600 --> 00:11:58,560 Speaker 2: old syndicate that have insured naval risk since the age 187 00:11:58,600 --> 00:12:03,199 Speaker 2: of sailed came into being. British financial dominance of global 188 00:12:03,200 --> 00:12:07,520 Speaker 2: shipping insurance is one of those quiet, persistent leavers of 189 00:12:07,760 --> 00:12:12,560 Speaker 2: economic power that nobody talks about, but that moves hundreds 190 00:12:12,600 --> 00:12:16,760 Speaker 2: of billions of dollars annually. Now when the Gulf becomes 191 00:12:16,760 --> 00:12:20,800 Speaker 2: a war zone and legally and commercially, that's exactly what 192 00:12:20,840 --> 00:12:25,720 Speaker 2: the insurance market's now treated as. The business flowing into 193 00:12:26,160 --> 00:12:32,440 Speaker 2: war risk coverage is staggery, and US insurers, US government 194 00:12:32,480 --> 00:12:37,640 Speaker 2: backed programs, the American reinsurance capital, they're now positioned to 195 00:12:37,720 --> 00:12:40,680 Speaker 2: capture a share of that business that the London market 196 00:12:40,679 --> 00:12:45,920 Speaker 2: has historically dominated. And that's not been by accident. That's leverage. 197 00:12:46,120 --> 00:12:50,760 Speaker 2: That's the special relationship that apparently has a price, and 198 00:12:50,840 --> 00:12:56,719 Speaker 2: the United States is now collecting that price. Let's think 199 00:12:56,720 --> 00:13:01,720 Speaker 2: about the bricks fantasy, to call a corner, because it's dead. 200 00:13:02,200 --> 00:13:06,240 Speaker 2: For five years. Bricks the Bricks project has been the 201 00:13:06,280 --> 00:13:10,280 Speaker 2: great hope of that part of the world that is 202 00:13:10,280 --> 00:13:13,079 Speaker 2: trying to get rid of the dominance of the US dollar. 203 00:13:13,720 --> 00:13:20,000 Speaker 2: Bricks Brazil, Russia, India, China, South Africa, all joined recently 204 00:13:20,040 --> 00:13:24,840 Speaker 2: by Iran and interesting by the UAE, Saudi Arabia, Arabia, 205 00:13:25,320 --> 00:13:29,520 Speaker 2: Ethiopians and others. They're all working toward the same dream. 206 00:13:29,840 --> 00:13:33,719 Speaker 2: A reserve currency, a payment system, a financial architecture that 207 00:13:33,760 --> 00:13:36,640 Speaker 2: would let them transact without touching the US dollar, and 208 00:13:36,679 --> 00:13:41,760 Speaker 2: more importantly, without touching US sanctions. Iran was the lynch 209 00:13:41,840 --> 00:13:46,480 Speaker 2: pin of that vision because it's a major energy exporter. 210 00:13:47,320 --> 00:13:51,559 Speaker 2: It's a test case for sanctions evasion. It's a proof 211 00:13:51,559 --> 00:13:54,520 Speaker 2: of concept that you could operate outside the Western financial 212 00:13:54,559 --> 00:13:59,120 Speaker 2: system and still survive economically. And the Islamic Republic of 213 00:13:59,160 --> 00:14:03,800 Speaker 2: Iran was the argument that BRICKS was working. So how's 214 00:14:03,840 --> 00:14:07,520 Speaker 2: that argument holding up this week? The Iranian economy is 215 00:14:07,559 --> 00:14:12,079 Speaker 2: in convulsion, Its oil infrastructure is completely degraded. Its ability 216 00:14:12,120 --> 00:14:15,079 Speaker 2: to project the image of some sort of functional, sovereign, 217 00:14:15,400 --> 00:14:20,240 Speaker 2: sanctioned resistance state is to put it charitably diminished. To 218 00:14:20,280 --> 00:14:24,240 Speaker 2: put it realistically, I think it's dead. And every nation 219 00:14:24,440 --> 00:14:30,880 Speaker 2: in that BRICKS coalition, including the Saudi's and in particular China, 220 00:14:30,960 --> 00:14:33,640 Speaker 2: they're now looking at Iran and doing a very quiet, 221 00:14:33,760 --> 00:14:36,880 Speaker 2: very sober reassessment of whether they want to be the 222 00:14:36,920 --> 00:14:41,840 Speaker 2: next test case. The Saudi Kingdom, whatever their public statements are, 223 00:14:42,400 --> 00:14:45,160 Speaker 2: they're not blind to what precision guide ammunitions can do 224 00:14:45,240 --> 00:14:50,440 Speaker 2: to oil infrastructure. The message to every BRICKS member, particularly 225 00:14:50,480 --> 00:14:54,000 Speaker 2: those flirting with ditching the dollar has been received loud 226 00:14:54,040 --> 00:14:57,280 Speaker 2: and clear, without a single word needing to be spoken, 227 00:14:57,680 --> 00:15:00,800 Speaker 2: not one word. Now, the bricks cur he isn't dead 228 00:15:01,320 --> 00:15:05,080 Speaker 2: because somebody argued against it. It's dead because the example 229 00:15:05,080 --> 00:15:07,520 Speaker 2: that was supposed to prove that could work just got 230 00:15:07,560 --> 00:15:12,200 Speaker 2: turned into a before and after photograph. So bricks, I mean, 231 00:15:12,360 --> 00:15:15,760 Speaker 2: think about what I've just thought. China, Lloyd's, the whole 232 00:15:16,160 --> 00:15:22,160 Speaker 2: shipping insurance business and bricks in one move, Donald Trump 233 00:15:22,240 --> 00:15:26,040 Speaker 2: has turned that upside down inside out. But then there's 234 00:15:26,080 --> 00:15:29,560 Speaker 2: another point, and that's the twenty trillion dollars in American 235 00:15:29,600 --> 00:15:33,280 Speaker 2: oil that the ground just opened up. And here's where 236 00:15:33,280 --> 00:15:35,880 Speaker 2: I think it gets very interesting and where the long 237 00:15:36,040 --> 00:15:39,920 Speaker 2: game becomes visible. The Trump administration has been aggressively moving 238 00:15:39,960 --> 00:15:44,040 Speaker 2: to open federal lands, offshore territories, and war heapwater leasing 239 00:15:44,080 --> 00:15:47,000 Speaker 2: that got locked up into the previous administration's policies. He 240 00:15:47,160 --> 00:15:50,360 Speaker 2: estimated value of the recoverable resources in play between the 241 00:15:50,480 --> 00:15:53,880 Speaker 2: Arctic reserves, the Gulf of Mexico deep water Atlantic shelf potential, 242 00:15:53,920 --> 00:15:57,800 Speaker 2: and Alaska runs into figures that make trillions sound kind 243 00:15:57,840 --> 00:16:01,800 Speaker 2: of casual and not certainly not absurd. Now couple that 244 00:16:01,800 --> 00:16:02,840 Speaker 2: with this week's events. 245 00:16:03,920 --> 00:16:04,360 Speaker 3: The golf. 246 00:16:04,440 --> 00:16:08,360 Speaker 2: The Persian Gulf just demonstrated once again that it is 247 00:16:08,520 --> 00:16:12,400 Speaker 2: exactly what it has always been, a choke point, a 248 00:16:12,440 --> 00:16:17,840 Speaker 2: flash point, and a permanent geopolitical liability for any economy 249 00:16:17,840 --> 00:16:23,320 Speaker 2: whose energy security depends on it. Every refinery manager in Asia, 250 00:16:23,680 --> 00:16:27,920 Speaker 2: every energy minister in Europe, every sovereign wealth fund analyst 251 00:16:27,960 --> 00:16:30,760 Speaker 2: in the world just got a visceral reminder that the 252 00:16:30,800 --> 00:16:36,000 Speaker 2: Persian Gulf crude comes with a geopolitical risk premium. Oh, 253 00:16:36,040 --> 00:16:39,640 Speaker 2: it doesn't show upon the invoice, but it shows up eventually. 254 00:16:40,160 --> 00:16:44,840 Speaker 2: And the casualty reports American oil, the Permian Basin down 255 00:16:44,840 --> 00:16:48,240 Speaker 2: in Texas, the Alaska North Slope, guilf of Mexico deep water. 256 00:16:49,160 --> 00:16:53,200 Speaker 2: Guess what they don't have. They don't have that problem. 257 00:16:53,480 --> 00:16:58,400 Speaker 2: American oil comes with a rule of law, contractual certainty, 258 00:16:59,120 --> 00:17:02,840 Speaker 2: a navy the texts the shipping lanes rather than threatens them. 259 00:17:03,560 --> 00:17:06,280 Speaker 2: And it comes with a currency that does not require 260 00:17:06,359 --> 00:17:10,720 Speaker 2: sanctioned workaround to use that currency. So right now those 261 00:17:10,840 --> 00:17:14,800 Speaker 2: attributes are worth more than they were ten days ago. 262 00:17:15,359 --> 00:17:17,720 Speaker 2: And this administration has just opened the door to the 263 00:17:17,720 --> 00:17:21,360 Speaker 2: supply in a way that could structurally reshape global energy markets. 264 00:17:21,440 --> 00:17:23,240 Speaker 2: For say, I don't know the next thirty years. 265 00:17:24,520 --> 00:17:25,160 Speaker 3: So here's what I. 266 00:17:25,080 --> 00:17:26,520 Speaker 2: Want you to hold on to, because this is the 267 00:17:26,560 --> 00:17:28,679 Speaker 2: point that your friends, your neighbors, your brother in law, 268 00:17:28,680 --> 00:17:31,520 Speaker 2: who gets all this news from the algorithm, needs to understand. 269 00:17:32,440 --> 00:17:35,360 Speaker 2: What happened this week was not simply a military operation. 270 00:17:35,720 --> 00:17:38,960 Speaker 2: It was not simply a dramatic response to Iranian nuclear aggression. 271 00:17:39,200 --> 00:17:44,400 Speaker 2: It was a comprehensive, interlocking strategic maneuver that simultaneously degraded 272 00:17:44,440 --> 00:17:49,320 Speaker 2: the military threat, disrupted a rival superpowers, energy supply, captured 273 00:17:49,320 --> 00:17:52,119 Speaker 2: a financial market share from a long time ally, the Brits, 274 00:17:52,320 --> 00:17:55,440 Speaker 2: demolished the credibility of the primary vehicle for dollar replacement 275 00:17:55,480 --> 00:18:00,679 Speaker 2: the bricks, and unlocked domestic resource wealth on a generational scale. Now, 276 00:18:00,760 --> 00:18:03,159 Speaker 2: you can agree or disagree with any individual piece of 277 00:18:03,200 --> 00:18:05,440 Speaker 2: what I've just said, and you can argue about their risk, 278 00:18:05,640 --> 00:18:07,560 Speaker 2: You can argue about the blowback, the second and third 279 00:18:07,640 --> 00:18:10,520 Speaker 2: order consequences. Those are legitimate debates, and of course they 280 00:18:10,560 --> 00:18:14,439 Speaker 2: all occur over time. But what you cannot argue, and 281 00:18:14,480 --> 00:18:18,480 Speaker 2: what the evidence does not support, is the proposition that 282 00:18:18,560 --> 00:18:22,919 Speaker 2: this was improval, improvised, that it was reckless, that it 283 00:18:22,960 --> 00:18:25,840 Speaker 2: was the foreign policy equivalent of a toddler in a 284 00:18:25,960 --> 00:18:29,359 Speaker 2: china shop. What this looks like, at least from the 285 00:18:29,440 --> 00:18:33,080 Speaker 2: vantage point of the whole board, rather than just one square. 286 00:18:33,640 --> 00:18:40,959 Speaker 2: Is a strategy, a coherent, multi dimensional, economically sophisticated strategy 287 00:18:41,000 --> 00:18:46,639 Speaker 2: executed while everybody else was watching the other hand, the magician, Yeah, 288 00:18:47,040 --> 00:18:48,680 Speaker 2: you should applause the magician. 289 00:18:49,040 --> 00:18:50,960 Speaker 3: Now, Michael, I got a question. 290 00:18:51,400 --> 00:18:53,560 Speaker 4: How many times in the last oh, I don't know, 291 00:18:54,000 --> 00:18:58,679 Speaker 4: seventy years will we gone to quote unquote war without 292 00:18:58,800 --> 00:19:04,280 Speaker 4: actually declaring that we're going to war? Sometimes? 293 00:19:04,440 --> 00:19:06,840 Speaker 3: Is that not correct? What? What do you say? I 294 00:19:06,920 --> 00:19:09,200 Speaker 3: stepped on him. He said, he just said many times? Correct. 295 00:19:09,240 --> 00:19:12,040 Speaker 2: Yeah, I heard a figure of one hundred and thirty. 296 00:19:13,119 --> 00:19:15,800 Speaker 2: I don't know whether that's since, you know, seventeen eighty 297 00:19:15,880 --> 00:19:17,320 Speaker 2: nine or seventeen seventy six. 298 00:19:17,359 --> 00:19:18,199 Speaker 3: I don't know when it is. 299 00:19:18,400 --> 00:19:20,480 Speaker 2: But the figure I heard was one hundred and thirty, 300 00:19:21,520 --> 00:19:25,520 Speaker 2: and Republicans and Democrats both have done it, and it is. 301 00:19:26,520 --> 00:19:28,400 Speaker 2: This is not what I intended to talk about this segment, 302 00:19:28,440 --> 00:19:30,280 Speaker 2: but it's worth a little. 303 00:19:30,040 --> 00:19:34,679 Speaker 3: Bit of conversation. Bless you talk back. Why do you 304 00:19:34,680 --> 00:19:36,800 Speaker 3: know what I was going to talk about? Not a clue, 305 00:19:36,840 --> 00:19:38,520 Speaker 3: but who cares? Well? 306 00:19:38,560 --> 00:19:42,400 Speaker 2: You should unless it was the Limbergers who cares well. 307 00:19:42,400 --> 00:19:44,480 Speaker 3: I could talk about the Limburgers all day long. I 308 00:19:44,480 --> 00:19:49,560 Speaker 3: should bring them in sometimes. They're great little cuties, a 309 00:19:49,680 --> 00:19:50,280 Speaker 3: little bike. 310 00:19:51,440 --> 00:19:54,200 Speaker 2: They would be so nervous in here with me talking 311 00:19:54,240 --> 00:19:56,760 Speaker 2: as loud as I am, and of course you're in 312 00:19:56,800 --> 00:19:58,560 Speaker 2: my ears, so they wouldn't hear you unless you put 313 00:19:58,600 --> 00:20:01,520 Speaker 2: them on the speaker self and the speakers, but they'd 314 00:20:01,560 --> 00:20:04,320 Speaker 2: see you and be like, what, what's what's that thing 315 00:20:04,400 --> 00:20:04,880 Speaker 2: back there? 316 00:20:05,000 --> 00:20:06,280 Speaker 3: What is that? Is that a toy? 317 00:20:06,720 --> 00:20:09,440 Speaker 2: Can we chew them? That it's fuzzy? Looks like we could, 318 00:20:09,480 --> 00:20:11,240 Speaker 2: like you rip it, you know, rip its guts out, 319 00:20:11,560 --> 00:20:18,399 Speaker 2: and you can do that. It's my humble opinion. The 320 00:20:18,440 --> 00:20:26,240 Speaker 2: Framers deliberately made it ambiguous in the Constitution. It's conflicting 321 00:20:26,560 --> 00:20:30,200 Speaker 2: at the same time that it's not conflicting. You have 322 00:20:30,320 --> 00:20:34,359 Speaker 2: to have a commander in chief. And as I said, 323 00:20:34,560 --> 00:20:38,280 Speaker 2: either this week or last week sometime Thomas Jefferson. Go 324 00:20:38,320 --> 00:20:41,159 Speaker 2: all the way back to Thomas Jefferson. Did he go 325 00:20:41,320 --> 00:20:45,479 Speaker 2: to Congress to get approval to send the United States 326 00:20:45,680 --> 00:20:48,879 Speaker 2: Navy to the shores of Triple le and the Marine. No, 327 00:20:49,000 --> 00:20:50,800 Speaker 2: we have the Marines then, but send the Navy to 328 00:20:50,840 --> 00:20:54,000 Speaker 2: the shores of Triple E to indeed take on the 329 00:20:54,000 --> 00:20:54,880 Speaker 2: Barbary pirates. 330 00:20:55,520 --> 00:20:56,199 Speaker 3: No, he did not. 331 00:20:57,320 --> 00:21:00,679 Speaker 2: He did that under Article two as his authority as 332 00:21:00,760 --> 00:21:04,359 Speaker 2: Commander in Chief to protect American interests. And let me 333 00:21:04,400 --> 00:21:06,840 Speaker 2: think about this, because you hear this from the Democrats 334 00:21:06,920 --> 00:21:13,200 Speaker 2: all the time, Well, the Iranians didn't represent a threat 335 00:21:13,240 --> 00:21:16,640 Speaker 2: to American soil. And then I heard some one of them. 336 00:21:16,840 --> 00:21:18,600 Speaker 2: I don't know who it was. They're all the same 337 00:21:18,640 --> 00:21:21,800 Speaker 2: to me, I don't care. One of them says something about, well, 338 00:21:21,960 --> 00:21:25,520 Speaker 2: they weren't a threat to American soil or to American interests. 339 00:21:27,080 --> 00:21:30,560 Speaker 2: Has he ever been on an air force base in Oman? 340 00:21:31,359 --> 00:21:31,639 Speaker 4: I have? 341 00:21:32,480 --> 00:21:34,119 Speaker 2: Has he ever been to an air force base in 342 00:21:34,160 --> 00:21:35,440 Speaker 2: Saudi Arabia or Kuwait? 343 00:21:35,560 --> 00:21:40,360 Speaker 3: I have? Or to any or to Israel. 344 00:21:41,600 --> 00:21:44,240 Speaker 2: All of those are in America's interest, and in fact, 345 00:21:44,280 --> 00:21:48,919 Speaker 2: some of those are American property with American equipment an 346 00:21:48,920 --> 00:21:58,760 Speaker 2: American personnel. Were the Barbary pirates attacking the colonies or 347 00:21:59,000 --> 00:22:03,560 Speaker 2: at that time the state, No, No, they were attacking 348 00:22:03,560 --> 00:22:08,000 Speaker 2: our interests. So why didn't Thomas Jefferson go to Congress 349 00:22:08,040 --> 00:22:09,800 Speaker 2: and get a declaration of war? 350 00:22:11,000 --> 00:22:12,000 Speaker 3: Because we don't have time. 351 00:22:13,400 --> 00:22:16,600 Speaker 2: Why did for example, I don't know if this is 352 00:22:16,600 --> 00:22:24,160 Speaker 2: a perfect example, but is it the belief among Democrats 353 00:22:24,840 --> 00:22:30,560 Speaker 2: that if on December seventh, when the Japanese attack Pearl Harbor, 354 00:22:31,200 --> 00:22:36,040 Speaker 2: that we couldn't strike back or defend ourselves until Congress 355 00:22:36,160 --> 00:22:40,280 Speaker 2: enacted a declaration of war against imperial Japan. I don't 356 00:22:40,280 --> 00:22:42,879 Speaker 2: think anybody would make that argument. Of course, you have 357 00:22:42,920 --> 00:22:46,000 Speaker 2: a right to defense, like at taxpayer relief shot. You 358 00:22:46,040 --> 00:22:50,119 Speaker 2: have a god given right to protect yourself. And America 359 00:22:50,440 --> 00:22:56,840 Speaker 2: was under attack and we fought back. Did we need 360 00:22:56,880 --> 00:23:00,480 Speaker 2: to wait a week before we started moving person l 361 00:23:00,720 --> 00:23:03,200 Speaker 2: and other ships and trying to get whatever is left 362 00:23:03,200 --> 00:23:06,280 Speaker 2: out of Pearl Harbor, out of Pearl Harbor, whatever we 363 00:23:06,320 --> 00:23:08,560 Speaker 2: had in the Indo Pacific to start moving it and start, 364 00:23:08,720 --> 00:23:11,600 Speaker 2: you know, realizing that we did have a Pacific front 365 00:23:11,600 --> 00:23:16,040 Speaker 2: that we had to fight now. The declaration of war 366 00:23:16,640 --> 00:23:21,760 Speaker 2: in World War two was an official declaration by Congress 367 00:23:22,200 --> 00:23:28,720 Speaker 2: that we are at war with Germany and Japan. Wait 368 00:23:28,760 --> 00:23:33,159 Speaker 2: a minute, December seven, we were already fighting on the 369 00:23:33,160 --> 00:23:38,000 Speaker 2: Eastern Front, in the Western Front. We're already doing that. 370 00:23:39,240 --> 00:23:43,160 Speaker 2: So what was that purpose of that declaration to formalize 371 00:23:43,200 --> 00:23:46,840 Speaker 2: just to formalize that Congress was behind it too, so 372 00:23:46,880 --> 00:23:52,120 Speaker 2: while and do you want to if if we were 373 00:23:52,119 --> 00:23:56,080 Speaker 2: getting attacked in the Middle East, or let's say NATO 374 00:23:56,200 --> 00:23:59,240 Speaker 2: was getting attacked under Article five of the. 375 00:24:00,840 --> 00:24:04,160 Speaker 3: NATO contract, if you will, under. 376 00:24:04,040 --> 00:24:06,640 Speaker 2: Article five, we have an obligation to come to their 377 00:24:06,720 --> 00:24:09,600 Speaker 2: to their defense. Any any of the nations that wouldn't 378 00:24:09,640 --> 00:24:12,000 Speaker 2: vote Article five because they've been attacked. If you want 379 00:24:12,040 --> 00:24:15,880 Speaker 2: to wait for Congress to debate Hell's bells, let's say 380 00:24:15,920 --> 00:24:19,880 Speaker 2: it today. How long would it take them to get 381 00:24:19,920 --> 00:24:27,480 Speaker 2: back into d C to vote on a declaration? In 382 00:24:27,560 --> 00:24:31,000 Speaker 2: Jefferson's time, it would have taken them several weeks on 383 00:24:31,160 --> 00:24:35,760 Speaker 2: horseback and carriage to get back to the swamp. Today, technically, 384 00:24:36,640 --> 00:24:40,120 Speaker 2: theoretically they could be back in just hours. Even from 385 00:24:40,119 --> 00:24:42,760 Speaker 2: the west, from the left coast, they could still be back, 386 00:24:42,920 --> 00:24:44,280 Speaker 2: even though it might be a four and a half 387 00:24:44,280 --> 00:24:47,800 Speaker 2: hour flight. But give give them eight hours time to 388 00:24:47,920 --> 00:24:50,720 Speaker 2: you know, pack a bag, drive to the airport, have 389 00:24:50,760 --> 00:24:53,240 Speaker 2: a little coffee, stop at the McDonald's, get a burger 390 00:24:53,320 --> 00:24:55,400 Speaker 2: or something, and then sit in your you know, big 391 00:24:55,440 --> 00:24:59,560 Speaker 2: ass first class seat. Fly into Dulls or fly into DCA, 392 00:24:59,680 --> 00:25:03,080 Speaker 2: or nobody flying to BWI, but fly into there and 393 00:25:03,520 --> 00:25:05,560 Speaker 2: then you know, you have your staff pick you up 394 00:25:05,560 --> 00:25:07,040 Speaker 2: and take you to the office, So give them eight 395 00:25:07,040 --> 00:25:08,920 Speaker 2: hours because you know it's it's kind of rough. 396 00:25:08,960 --> 00:25:11,119 Speaker 3: Well, it's kind of Bernie Sanders areiro. See you just 397 00:25:11,160 --> 00:25:12,000 Speaker 3: take your private jet. 398 00:25:12,080 --> 00:25:14,680 Speaker 2: Just take your private jet, that's exactly right. Or get 399 00:25:14,720 --> 00:25:16,680 Speaker 2: one of your contributors, so just fly you back on 400 00:25:16,720 --> 00:25:18,679 Speaker 2: their Gulf string. You could do that. You could be 401 00:25:18,720 --> 00:25:20,960 Speaker 2: back in a couple of hours. Yeah, but they're not 402 00:25:21,000 --> 00:25:24,159 Speaker 2: going to do it. They just all all of what 403 00:25:24,200 --> 00:25:26,960 Speaker 2: you're watching right now is nothing more than just utter 404 00:25:27,040 --> 00:25:32,080 Speaker 2: grand standing. Did did any Democrat? I'm sure some Republicans did, 405 00:25:33,040 --> 00:25:37,440 Speaker 2: so let's be honest here, When when Obama and Hillary 406 00:25:37,480 --> 00:25:41,880 Speaker 2: decided to go after Libya, not forget Benghazi, I'm talking 407 00:25:41,880 --> 00:25:45,000 Speaker 2: about just going out to Libya in general, did Republicans 408 00:25:45,000 --> 00:25:47,280 Speaker 2: you know, stand up and bitch and moan about it? Probably, 409 00:25:47,320 --> 00:25:48,800 Speaker 2: so I'd have to go back and look. I just 410 00:25:48,840 --> 00:25:54,320 Speaker 2: don't remember. But did Democrats do anything when Bill Clinton 411 00:25:55,080 --> 00:26:00,560 Speaker 2: or Barack Obama didn't? No, this is all political theater, 412 00:26:01,720 --> 00:26:06,399 Speaker 2: and I personally find it disgusting because we have American 413 00:26:06,480 --> 00:26:11,400 Speaker 2: troops in harm's way. We have our munitions and our equipment, 414 00:26:11,480 --> 00:26:14,920 Speaker 2: our personnel, everything, our military. 415 00:26:14,520 --> 00:26:16,720 Speaker 3: Is in active operations. 416 00:26:17,119 --> 00:26:20,000 Speaker 2: I would say to every freaking United States senator, if 417 00:26:20,040 --> 00:26:23,120 Speaker 2: you can't say something nice, shut up and sit down. 418 00:26:26,200 --> 00:26:27,400 Speaker 3: Imagine that you are. 419 00:26:28,880 --> 00:26:29,000 Speaker 5: Now. 420 00:26:29,040 --> 00:26:30,840 Speaker 2: I'm sure there are some soldiers that are not happy 421 00:26:30,840 --> 00:26:37,400 Speaker 2: about what's happening now. Most pilots, because they're pilots, joke, 422 00:26:37,600 --> 00:26:42,120 Speaker 2: absolutely intended, are ecstatic because they're getting run some sorties. 423 00:26:42,280 --> 00:26:44,560 Speaker 2: They're getting ready to do what they trained to do 424 00:26:44,600 --> 00:26:47,440 Speaker 2: every single day. So they are ecstatic. They're bombing the 425 00:26:47,600 --> 00:26:49,880 Speaker 2: you know what out of everything and they love it. 426 00:26:50,600 --> 00:26:52,760 Speaker 2: But you know, some of the grunts might be a 427 00:26:52,760 --> 00:26:54,680 Speaker 2: little like, oh crap, I don't want to do this, 428 00:26:55,160 --> 00:26:58,040 Speaker 2: but they're going to go do it. And if they 429 00:26:58,080 --> 00:27:04,119 Speaker 2: go back and they're online because everybody's online everywhere, and 430 00:27:04,160 --> 00:27:06,639 Speaker 2: they see that some senator is, you know, bitching about 431 00:27:06,680 --> 00:27:10,840 Speaker 2: you know I don't support this, what does that say 432 00:27:10,920 --> 00:27:14,680 Speaker 2: to them? I mean, think about your audience, think about 433 00:27:14,720 --> 00:27:19,119 Speaker 2: the room, Think about the room. Then think about a break. 434 00:27:19,160 --> 00:27:20,600 Speaker 2: Why would they think about a break? You don't talk 435 00:27:20,600 --> 00:27:22,360 Speaker 2: about liam Burgers for a while. If I talk about 436 00:27:22,400 --> 00:27:24,840 Speaker 2: Lian Burgers, can we keep going and blow out the break? 437 00:27:24,960 --> 00:27:25,520 Speaker 3: Can we do that? 438 00:27:26,040 --> 00:27:28,960 Speaker 5: Michael as a mom that had her son do three 439 00:27:29,000 --> 00:27:32,200 Speaker 5: tours to Iraq. I still go by saying for all 440 00:27:32,240 --> 00:27:35,560 Speaker 5: those elected officials, if you can't stand behind our troops, 441 00:27:35,760 --> 00:27:37,880 Speaker 5: please stand in front of them. 442 00:27:38,400 --> 00:27:40,280 Speaker 3: I love it. I love it. 443 00:27:44,119 --> 00:27:46,960 Speaker 2: I don't know why this hit me this morning, but 444 00:27:47,440 --> 00:27:50,600 Speaker 2: I and now I've forgotten what the number is, but 445 00:27:50,720 --> 00:27:59,720 Speaker 2: I think thirty eight thirty eight days of Nancy Guthrie. Yes, 446 00:28:01,040 --> 00:28:04,200 Speaker 2: And when I heard it this morning, it really got 447 00:28:04,240 --> 00:28:07,680 Speaker 2: me to thinking. Now she had been missing for less 448 00:28:07,720 --> 00:28:11,920 Speaker 2: than forty eight hours, when the media turned her kidnapping 449 00:28:11,960 --> 00:28:15,639 Speaker 2: into the equivalent of a game show, What happened to 450 00:28:15,680 --> 00:28:16,120 Speaker 2: the game show? 451 00:28:16,119 --> 00:28:16,760 Speaker 3: Where did it go? 452 00:28:18,240 --> 00:28:21,359 Speaker 2: An eighty four year old woman gets snatched from her 453 00:28:21,560 --> 00:28:25,280 Speaker 2: home and Tucson, you got the FBI on the ground. 454 00:28:26,359 --> 00:28:28,639 Speaker 3: You had thirty thousand or more tips. 455 00:28:28,640 --> 00:28:30,560 Speaker 2: I don't know what the current number is, but last 456 00:28:30,640 --> 00:28:33,880 Speaker 2: night checked there was some thirty thousand plus tips pouring in. 457 00:28:35,160 --> 00:28:39,440 Speaker 2: And then Ashley Banfield got on her podcast and she 458 00:28:39,520 --> 00:28:43,960 Speaker 2: actually started naming suspects before anybody in law enforcement had 459 00:28:44,040 --> 00:28:47,680 Speaker 2: named a suspect or even a person of interest. Actually, Banfields, 460 00:28:47,680 --> 00:28:51,959 Speaker 2: is they mean suspects? Megan Kelly. By the way, it's interesting, 461 00:28:52,120 --> 00:28:56,840 Speaker 2: I for a long time subscribed to Megan Kelly's podcast, 462 00:28:57,280 --> 00:28:59,640 Speaker 2: but I never listened to it, and I noticed the 463 00:28:59,640 --> 00:29:02,200 Speaker 2: other day on my phone as I was just, I 464 00:29:02,240 --> 00:29:05,440 Speaker 2: don't know, cleaning stuff up, that I hadn't listened to it, 465 00:29:05,480 --> 00:29:09,040 Speaker 2: and over a year I had. Of course, my podcast 466 00:29:09,120 --> 00:29:12,920 Speaker 2: app automatically deletes everything except I think the last thirty 467 00:29:13,000 --> 00:29:16,080 Speaker 2: or something, so I just don't subscribed to it. But 468 00:29:16,120 --> 00:29:20,080 Speaker 2: Making Kelly had, and I noticed this. She had started 469 00:29:20,200 --> 00:29:26,120 Speaker 2: titling her coverage episodes, episodes as if it was a 470 00:29:26,160 --> 00:29:31,000 Speaker 2: series on Netflix. You know, Nancy Guthries Season one, episode one, 471 00:29:31,440 --> 00:29:37,600 Speaker 2: season one, episode two. True crime influencers started flooding tich 472 00:29:37,680 --> 00:29:41,200 Speaker 2: talk with all these theories. Then the p MC County 473 00:29:41,280 --> 00:29:46,120 Speaker 2: sheriff called Banfield's reporting reckless. Well, that's probably kind of generous. 474 00:29:46,280 --> 00:29:52,479 Speaker 2: Actually reckless implies that she wasn't thinking. I think that 475 00:29:52,600 --> 00:29:58,000 Speaker 2: Ashley Banfield was thinking very very carefully, because in hindsight, 476 00:29:59,200 --> 00:30:02,960 Speaker 2: here's the argu that I think most media critics miss. 477 00:30:03,960 --> 00:30:09,600 Speaker 2: They blame the audience. They blame you, the internet sluice, 478 00:30:09,920 --> 00:30:13,960 Speaker 2: the reddit theorists, the tech talk detectives, they're the problem, right, 479 00:30:15,000 --> 00:30:20,000 Speaker 2: they turn tragedy into entertainment. Well maybe, but taking that 480 00:30:20,280 --> 00:30:25,760 Speaker 2: tact does what that lets the hosts completely off the hook, 481 00:30:26,480 --> 00:30:27,600 Speaker 2: and I'm not willing to do that. 482 00:30:28,720 --> 00:30:29,920 Speaker 3: I'm actually a little proud here. 483 00:30:29,960 --> 00:30:32,840 Speaker 2: Let me scretch, make you impact myself on the shoulder 484 00:30:33,040 --> 00:30:36,360 Speaker 2: that I didn't buy into the hype. As I said 485 00:30:36,400 --> 00:30:39,720 Speaker 2: several times on the program, there are thousands of people missing, 486 00:30:40,640 --> 00:30:43,280 Speaker 2: and my heart really not I feel sorry for the 487 00:30:43,320 --> 00:30:45,320 Speaker 2: don't give me wrong, I feel sorry for the Guthrie family, 488 00:30:46,000 --> 00:30:47,760 Speaker 2: but my heart really went out to all the people 489 00:30:47,800 --> 00:30:49,600 Speaker 2: who are sitting there missing a dad or a mother, 490 00:30:49,920 --> 00:30:52,720 Speaker 2: a brother or sister. And you know, they've been they've 491 00:30:52,760 --> 00:30:55,000 Speaker 2: been calling the detectives and they can't get any movement. 492 00:30:55,040 --> 00:30:56,960 Speaker 2: They don't know what's going on, and it's been months 493 00:30:57,000 --> 00:30:59,360 Speaker 2: or years and all they see is wall the wall 494 00:30:59,480 --> 00:31:04,880 Speaker 2: coverage Nancy Guthrie. So I'm not willing to blame the 495 00:31:04,960 --> 00:31:09,200 Speaker 2: audience because that lets the host completely off the hook. 496 00:31:09,280 --> 00:31:11,239 Speaker 2: And I said, I'm just not willing to do that 497 00:31:12,160 --> 00:31:16,080 Speaker 2: what people like Ashley Banfield are Megan Kelly do And 498 00:31:16,200 --> 00:31:20,280 Speaker 2: actually the most instructive example is probably Candace Owens Kandace 499 00:31:20,280 --> 00:31:26,560 Speaker 2: Owens has figured out they haven't figured out. It's not journalism, 500 00:31:26,760 --> 00:31:30,720 Speaker 2: it's what I would call game design. Now, media scholars 501 00:31:30,760 --> 00:31:35,680 Speaker 2: will call it forensic fandom. Think about that term, forensic fandom. 502 00:31:36,120 --> 00:31:40,600 Speaker 2: It's the deliberate creation of content. They get so layered 503 00:31:40,600 --> 00:31:44,760 Speaker 2: with the parent clues and significance that the audience feels 504 00:31:44,960 --> 00:31:46,160 Speaker 2: compelled to dig in. 505 00:31:47,120 --> 00:31:47,920 Speaker 3: So you tease the. 506 00:31:47,840 --> 00:31:50,840 Speaker 2: Next revelation, You drop a thread, then you watch the 507 00:31:50,880 --> 00:31:54,840 Speaker 2: audience bullet, You establish a tip line that turns a 508 00:31:54,920 --> 00:32:00,200 Speaker 2: passive listener into active story collaborators. You never resolve anything 509 00:32:00,480 --> 00:32:02,720 Speaker 2: because resolution within the game, and you don't. 510 00:32:02,560 --> 00:32:03,360 Speaker 3: Want to end the game. 511 00:32:04,760 --> 00:32:08,520 Speaker 2: Interestingly, something did in this game except for a minor 512 00:32:08,800 --> 00:32:11,400 Speaker 2: I mean must have been a thirty second package on 513 00:32:11,440 --> 00:32:13,920 Speaker 2: the local news this morning about day thirty eight or 514 00:32:13,920 --> 00:32:19,520 Speaker 2: whatever it is. Camas Owens ran that playbook for months 515 00:32:19,520 --> 00:32:22,959 Speaker 2: on the Charlie Kirk story. First she questioned the FBI, 516 00:32:23,360 --> 00:32:26,800 Speaker 2: then she implicated a hedge fund, Then came private text messages, 517 00:32:26,840 --> 00:32:29,400 Speaker 2: Then the Israeli government came into it, and then the 518 00:32:29,480 --> 00:32:30,760 Speaker 2: US military became a. 519 00:32:30,840 --> 00:32:32,760 Speaker 3: Small involved in Charlie Kirks assassination. 520 00:32:33,960 --> 00:32:38,040 Speaker 2: Each episode that she did expanded the universe and every 521 00:32:38,080 --> 00:32:42,480 Speaker 2: week brought new clues. Now, the family in the Gothree 522 00:32:42,520 --> 00:32:46,720 Speaker 2: case was ultimately cleared of any involvement. Yet Ashley Banfield 523 00:32:46,800 --> 00:32:50,120 Speaker 2: ever retracted a word. I can't say that she did 524 00:32:50,200 --> 00:32:52,000 Speaker 2: or did not because I don't pay any attention. But 525 00:32:52,120 --> 00:32:56,360 Speaker 2: a quick Google check I can't find anything. Camas Owens 526 00:32:56,360 --> 00:32:59,600 Speaker 2: sat with Charlie Kirk's widow for four and a half hours, 527 00:33:00,200 --> 00:33:03,280 Speaker 2: but she didn't walk back anything that she said. That's 528 00:33:03,400 --> 00:33:08,719 Speaker 2: the tell A journalist changes their conclusions when the facts change. 529 00:33:08,800 --> 00:33:12,840 Speaker 2: A game master just absorbs the new information into the 530 00:33:12,880 --> 00:33:15,400 Speaker 2: new episode and they widen the scope. 531 00:33:16,760 --> 00:33:19,520 Speaker 3: Wow, it's just a game.