1 00:00:00,880 --> 00:00:04,720 Speaker 1: So amazing that the dams are up in arms over 2 00:00:04,800 --> 00:00:10,960 Speaker 1: Trump's White House renovations. Trump is doing it with private donations, 3 00:00:11,080 --> 00:00:14,319 Speaker 1: But when Obama did it back in twenty ten for 4 00:00:14,480 --> 00:00:19,080 Speaker 1: a cost to taxpayers of almost four hundred million, Dems 5 00:00:19,120 --> 00:00:22,640 Speaker 1: didn't have a problem with that. Oh and Obama added 6 00:00:22,760 --> 00:00:26,439 Speaker 1: a basketball court because hey, that's when every White House 7 00:00:26,480 --> 00:00:27,920 Speaker 1: needs a basketball court. 8 00:00:29,880 --> 00:00:34,279 Speaker 2: Well, let's go back even further. The West Wing has 9 00:00:34,320 --> 00:00:38,159 Speaker 2: not always been there. The East Wing is a completely 10 00:00:38,200 --> 00:00:41,920 Speaker 2: separate structure. I mean, it's attached too, but it's a 11 00:00:41,920 --> 00:00:46,200 Speaker 2: separate structure from the main White House, the West wing. 12 00:00:46,240 --> 00:00:48,600 Speaker 2: If I recall correctly, I think the West Wing was 13 00:00:48,640 --> 00:00:53,360 Speaker 2: built by Theodore Roosevelt. I think the East Wing was 14 00:00:53,400 --> 00:00:55,680 Speaker 2: built by FDR. I may have that flip, but was 15 00:00:55,720 --> 00:01:01,840 Speaker 2: one or the other. I think that it's obviously Trump 16 00:01:01,960 --> 00:01:07,440 Speaker 2: arrangement syndrome. But it's obviously just and I've said this, 17 00:01:08,160 --> 00:01:15,320 Speaker 2: it's jarring to see that iconic structure that you know, 18 00:01:15,560 --> 00:01:20,679 Speaker 2: it's also you know, speaking of perspective and speaking of 19 00:01:20,760 --> 00:01:26,280 Speaker 2: how we have our blinders on. For anyone who is 20 00:01:26,959 --> 00:01:34,040 Speaker 2: alive today, that's probably the only I I mean, obviously 21 00:01:34,520 --> 00:01:38,560 Speaker 2: Theodore Roosevelt president back in the early nineteen hundreds, FDR 22 00:01:38,959 --> 00:01:42,120 Speaker 2: back in the in the nineteen thirties, nineteen forties, so 23 00:01:42,800 --> 00:01:47,200 Speaker 2: it there might be some that would be alive that 24 00:01:47,319 --> 00:01:50,240 Speaker 2: might remember the construction of whichever one it was that 25 00:01:50,400 --> 00:01:53,560 Speaker 2: FDR did. I apologize just I just don't remember which 26 00:01:53,560 --> 00:01:54,080 Speaker 2: one it was. 27 00:01:55,760 --> 00:01:56,639 Speaker 3: But for the. 28 00:01:56,520 --> 00:02:03,520 Speaker 2: Majority of us, the North Portico, that's where Pebble Beach is. 29 00:02:03,600 --> 00:02:07,920 Speaker 2: That's the gravel road that comes in off the street, 30 00:02:08,600 --> 00:02:11,280 Speaker 2: and it's where the television stations set up to do 31 00:02:11,400 --> 00:02:17,800 Speaker 2: their reports, and that's where the Christmas decorations are usually 32 00:02:17,800 --> 00:02:21,600 Speaker 2: put out. That's where people walk along Pennsylvania Avenue across 33 00:02:21,639 --> 00:02:26,440 Speaker 2: from Lafayette Park and they see that that's the iconic 34 00:02:26,560 --> 00:02:31,240 Speaker 2: structure that we all see and that we've seen since 35 00:02:31,600 --> 00:02:35,320 Speaker 2: we've been in school, and now that we see it 36 00:02:35,360 --> 00:02:38,040 Speaker 2: being torn down, it takes our breath away. Oh, look 37 00:02:38,080 --> 00:02:43,240 Speaker 2: at that. They're destroying what we think is a historical structure, 38 00:02:43,560 --> 00:02:47,000 Speaker 2: which is obviously it is a historical structure, but it's 39 00:02:47,040 --> 00:02:50,040 Speaker 2: not historical in the sense that, first of all, the 40 00:02:50,040 --> 00:02:55,200 Speaker 2: White House didn't exist in seventeen eighty nine. The district 41 00:02:55,600 --> 00:02:57,720 Speaker 2: that was not the sea to government. The original seat 42 00:02:57,720 --> 00:03:00,799 Speaker 2: of government was in New York. They start out in Philadelphia, 43 00:03:00,880 --> 00:03:02,800 Speaker 2: they go to New York, and they eventually end up 44 00:03:03,000 --> 00:03:06,440 Speaker 2: in what they create out of Virginia and Maryland. They 45 00:03:06,440 --> 00:03:08,799 Speaker 2: create the District of Columbia. And then we build a 46 00:03:08,840 --> 00:03:11,800 Speaker 2: White House, and of course it almost gets burned down. 47 00:03:13,120 --> 00:03:15,839 Speaker 2: You can, I don't know whether you can still see 48 00:03:15,880 --> 00:03:19,120 Speaker 2: it or not, but down in the basement near the 49 00:03:19,160 --> 00:03:23,360 Speaker 2: Presidential Emergency Operations Center of the Peak, you can actually 50 00:03:23,400 --> 00:03:26,919 Speaker 2: see some of the burn scars where the bridge tried 51 00:03:26,960 --> 00:03:31,200 Speaker 2: to burn it. You can see some of the pop 52 00:03:31,240 --> 00:03:37,600 Speaker 2: marks where you know, cannon balls or musket balls, excuse me, 53 00:03:37,640 --> 00:03:42,320 Speaker 2: what hit it. So for Americans, it's a historical structure 54 00:03:43,640 --> 00:03:49,880 Speaker 2: and to see it being torn down is jarring. It's like, oh, 55 00:03:50,200 --> 00:03:54,360 Speaker 2: what's going on here? Because it's changing something that we're 56 00:03:54,400 --> 00:04:01,960 Speaker 2: just accustomed to. And while it is history, and while 57 00:04:02,000 --> 00:04:05,440 Speaker 2: it is a symbol of American power, as is the 58 00:04:05,520 --> 00:04:12,800 Speaker 2: US Capital, nobody seems to recall that when the when 59 00:04:12,840 --> 00:04:20,320 Speaker 2: the Capital Dome was completely covered with scaffolding, you you 60 00:04:20,360 --> 00:04:24,320 Speaker 2: couldn't see the dome at all. It became like a 61 00:04:24,320 --> 00:04:28,080 Speaker 2: square box because they were doing remodeling and repairs and 62 00:04:28,120 --> 00:04:31,560 Speaker 2: renovating on all of the dome nobody bitched the moaning 63 00:04:31,600 --> 00:04:32,120 Speaker 2: about that. 64 00:04:32,839 --> 00:04:36,480 Speaker 3: But now Trump's doing this, and so now everybody's upset. 65 00:04:38,600 --> 00:04:43,200 Speaker 2: So you had you had it first built, just the 66 00:04:43,279 --> 00:04:45,600 Speaker 2: very you should go look at and find a historical 67 00:04:45,640 --> 00:04:50,919 Speaker 2: picture of the original structure, absent the east wing, absent 68 00:04:51,000 --> 00:04:53,799 Speaker 2: the west wing, and just look at the original White House. 69 00:04:54,120 --> 00:04:56,520 Speaker 2: And I mean, I'm telling you from obviously being in 70 00:04:56,680 --> 00:04:59,560 Speaker 2: it a lot, it's it's a really tiny place. It's 71 00:04:59,600 --> 00:05:03,720 Speaker 2: not very big. And what he's building on the where 72 00:05:03,720 --> 00:05:07,600 Speaker 2: the east wing currently exists is this huge ballroom I 73 00:05:07,640 --> 00:05:13,360 Speaker 2: think ninety thousand square feet or something. And I'm certain that, oh, 74 00:05:13,440 --> 00:05:19,400 Speaker 2: I'm you know, it'll be fine, It'll be just fine. 75 00:05:19,600 --> 00:05:25,800 Speaker 2: But if Theodore Roosevelt, Franklin Roosevelt, Richard Nixon, Bill Clinton, 76 00:05:25,880 --> 00:05:29,080 Speaker 2: Barack Obama, who am I leaving out? I mean, there's 77 00:05:29,120 --> 00:05:32,600 Speaker 2: other presidents who have changed different things and done different things. 78 00:05:33,279 --> 00:05:40,280 Speaker 2: Everybody just chill. And then the next thing I hear that, well, 79 00:05:40,279 --> 00:05:42,400 Speaker 2: it's not being paid for by taxpayers, oh a little bit, 80 00:05:42,600 --> 00:05:47,320 Speaker 2: it's being paid for by evil corporate giants that are 81 00:05:47,360 --> 00:05:54,200 Speaker 2: looking for favors. I find that pretty cynical. Now, I 82 00:05:54,320 --> 00:05:58,479 Speaker 2: understand that people in d C or people who have 83 00:05:58,600 --> 00:06:04,480 Speaker 2: business in DC are always looking for something. But aren't 84 00:06:04,480 --> 00:06:12,400 Speaker 2: we all? Aren't you? When when there's a Christmas party 85 00:06:12,480 --> 00:06:17,200 Speaker 2: at your office and you have a ten dollars gift limit, 86 00:06:18,360 --> 00:06:20,560 Speaker 2: do you ever kind of slightly exceed it because you 87 00:06:20,600 --> 00:06:23,440 Speaker 2: want something just a little nicer, because you want to 88 00:06:23,480 --> 00:06:25,440 Speaker 2: give that to your boss, because you want to kiss 89 00:06:25,480 --> 00:06:26,640 Speaker 2: ask just a little bit? 90 00:06:27,360 --> 00:06:28,080 Speaker 3: You know you do. 91 00:06:29,400 --> 00:06:35,440 Speaker 2: Everybody always wants something. It's the nature of mankind. It's 92 00:06:35,480 --> 00:06:40,480 Speaker 2: the nature of human beings. So when these companies give 93 00:06:41,360 --> 00:06:45,760 Speaker 2: donate to help build this ballroom and reconstruct the east wing, 94 00:06:46,960 --> 00:06:50,320 Speaker 2: yes they want something. And some of that may be 95 00:06:50,600 --> 00:06:53,280 Speaker 2: to be very crass. It may be that they want 96 00:06:53,320 --> 00:06:55,960 Speaker 2: to be remembered, or when there's a plaque put up 97 00:06:56,080 --> 00:06:58,240 Speaker 2: for the donors, they want their name on that plaque. 98 00:07:00,640 --> 00:07:06,600 Speaker 2: Let me ask you this. If you had the opportunity 99 00:07:07,600 --> 00:07:12,320 Speaker 2: like the Rockies. Remember didn't the Rockies do the pavers 100 00:07:12,880 --> 00:07:15,680 Speaker 2: and you could buy a paver when when the course field. 101 00:07:15,960 --> 00:07:17,400 Speaker 4: The bricks out front, I. 102 00:07:17,320 --> 00:07:18,160 Speaker 3: Think I bought one. 103 00:07:18,280 --> 00:07:20,520 Speaker 2: I think I think somewhere in well all those papers, 104 00:07:20,560 --> 00:07:22,320 Speaker 2: I think my name's. 105 00:07:22,040 --> 00:07:23,680 Speaker 4: Out there a lot one that says Michael Brown. 106 00:07:23,880 --> 00:07:26,040 Speaker 2: I think so. I think I think I need to go. 107 00:07:26,280 --> 00:07:28,160 Speaker 2: Based on the Rockies record, I think it need I 108 00:07:28,160 --> 00:07:31,800 Speaker 2: need to go, chisel it up right, claw back. But 109 00:07:32,200 --> 00:07:35,080 Speaker 2: if if Trump were instead to say I want the 110 00:07:35,120 --> 00:07:39,000 Speaker 2: American people to do this, and there were which would 111 00:07:39,040 --> 00:07:42,000 Speaker 2: be kind of impractical, because you know, thousands. 112 00:07:41,600 --> 00:07:44,880 Speaker 3: Of people would want to donate. Wouldn't you want. 113 00:07:44,720 --> 00:07:47,840 Speaker 2: To donate, So that somewhere in a record was that 114 00:07:48,040 --> 00:07:50,840 Speaker 2: you know, you or your family or your family's estate 115 00:07:50,920 --> 00:07:53,240 Speaker 2: or whatever, gave you know, one hundred dollars or one 116 00:07:53,240 --> 00:07:55,720 Speaker 2: thousand dollars or ten thousand or one hundred thousand dollars 117 00:07:55,840 --> 00:07:57,200 Speaker 2: to help rebuild the White House. 118 00:07:57,440 --> 00:07:58,120 Speaker 3: I would do that. 119 00:07:59,800 --> 00:08:02,720 Speaker 2: I give a couple of bucks to seventy five. I 120 00:08:02,840 --> 00:08:05,080 Speaker 2: give two dollars and seventy five cents to get my 121 00:08:05,160 --> 00:08:09,200 Speaker 2: name on the list, just to irritate people, for no 122 00:08:09,320 --> 00:08:11,800 Speaker 2: other reason. I do it just to irritate people. And 123 00:08:11,840 --> 00:08:13,920 Speaker 2: I wouldn't put my name. I wouldn't put Michael Brown. 124 00:08:13,960 --> 00:08:17,160 Speaker 2: I'd put Brownie just to irritate those people that. 125 00:08:17,240 --> 00:08:17,800 Speaker 3: Don't like me. 126 00:08:17,880 --> 00:08:20,040 Speaker 4: You do it a heck of a job, Brownie, that's right. 127 00:08:19,920 --> 00:08:22,280 Speaker 2: I put You're doing a good job, Brownie. And I'd 128 00:08:22,280 --> 00:08:26,160 Speaker 2: put that up there just a pess im off or 129 00:08:26,240 --> 00:08:29,560 Speaker 2: to have or to even better, have them reject my contribution, 130 00:08:29,680 --> 00:08:32,120 Speaker 2: because then I can make hay out of that too. 131 00:08:33,160 --> 00:08:37,640 Speaker 2: So everybody just calm down. Here, you're I here, I 132 00:08:37,679 --> 00:08:41,319 Speaker 2: am telling people who calm down, there's the irony of 133 00:08:41,400 --> 00:08:43,280 Speaker 2: the day. Oh let me do this real quickly before 134 00:08:43,320 --> 00:08:46,760 Speaker 2: I get to energy or to rare earth. Maybe this 135 00:08:46,840 --> 00:08:49,840 Speaker 2: is all the same thing. Maybe it's tied together. This 136 00:08:49,960 --> 00:08:55,320 Speaker 2: comes to us from newser dot com. They did yesterday. 137 00:08:56,520 --> 00:09:02,520 Speaker 2: Early trials involved oxygen carrying liquor would delivered rectally could 138 00:09:02,559 --> 00:09:06,600 Speaker 2: help patients with breathing issues. I don't need to read 139 00:09:06,600 --> 00:09:07,840 Speaker 2: the rest of the story. 140 00:09:09,280 --> 00:09:10,960 Speaker 4: Because it says it all. You don't need to go 141 00:09:10,960 --> 00:09:13,720 Speaker 4: any further it right, Because. 142 00:09:13,480 --> 00:09:16,560 Speaker 2: I'm thinking that if I'm having like a little struggle, 143 00:09:16,600 --> 00:09:19,240 Speaker 2: like maybe a little asthma or the little chest congestion 144 00:09:19,400 --> 00:09:22,920 Speaker 2: or something, and you stick some sort of oxygen carrying 145 00:09:23,679 --> 00:09:29,720 Speaker 2: oxygen carrying liquid rectally up my butt, you don't think I'm. 146 00:09:29,559 --> 00:09:30,080 Speaker 3: Gonna go. 147 00:09:32,040 --> 00:09:35,440 Speaker 2: Breathing problem solved. I don't think we need to cover 148 00:09:35,480 --> 00:09:38,760 Speaker 2: the rest of the story. Dragon. I think that's it, 149 00:09:38,800 --> 00:09:44,920 Speaker 2: isn't it a technique that once snagged a Nobel Prize 150 00:09:44,960 --> 00:09:49,240 Speaker 2: for its Oddball Premise has cleared its first human safety trial, 151 00:09:49,679 --> 00:09:59,880 Speaker 2: and it involves but breathing. Breathing, The official term is interdentally. 152 00:10:04,920 --> 00:10:07,760 Speaker 2: Go on, there's the word. There's the phrase for the day. 153 00:10:08,760 --> 00:10:14,760 Speaker 2: This program today is internal ventilation. There's a new study 154 00:10:14,800 --> 00:10:18,080 Speaker 2: publishing the journal med marks a potential step toward a 155 00:10:18,080 --> 00:10:21,079 Speaker 2: new way to deliver oxygen to patients who can't breathe well, 156 00:10:21,480 --> 00:10:27,000 Speaker 2: especially newborns. See, this is serious stuff inspired by turtles 157 00:10:27,000 --> 00:10:32,800 Speaker 2: and dragonfly nymphs that can absorb oxygen through their rear ends. 158 00:10:33,760 --> 00:10:35,520 Speaker 2: There's something new I've learned right there. 159 00:10:36,040 --> 00:10:37,920 Speaker 4: You didn't know turtles could breathe through their butts? 160 00:10:38,440 --> 00:10:43,960 Speaker 2: Did you know that butterflies breathe through their their rearia? 161 00:10:44,040 --> 00:10:47,240 Speaker 2: I guess rector area is kind of redundant. I didn't 162 00:10:47,240 --> 00:10:51,120 Speaker 2: know that, or dragonfly nymphs. I should be more specific, 163 00:10:51,559 --> 00:10:55,319 Speaker 2: Doctor Takinoway. Takabi and his team wondered if mammals might 164 00:10:55,440 --> 00:10:57,480 Speaker 2: benefit from a similar technique. 165 00:10:57,520 --> 00:10:59,640 Speaker 3: The researcher's usually liquid called. 166 00:11:01,280 --> 00:11:04,520 Speaker 2: Cragon. You saw you gotta get me larger font. You 167 00:11:04,640 --> 00:11:05,880 Speaker 2: just got to get me larger font. 168 00:11:06,160 --> 00:11:09,360 Speaker 4: Are you hundred and thirteen? You can't read this? 169 00:11:09,400 --> 00:11:11,960 Speaker 2: One hundred and thirteen year old fart with glasses having 170 00:11:12,120 --> 00:11:14,560 Speaker 2: hard I and well, let. 171 00:11:14,400 --> 00:11:16,240 Speaker 4: Me, do you even have your reading glasses on? 172 00:11:16,679 --> 00:11:16,760 Speaker 3: No? 173 00:11:16,840 --> 00:11:18,840 Speaker 2: I have my computer glasses on. Let me change my 174 00:11:18,880 --> 00:11:21,680 Speaker 2: reading glasses. Oh beat, that's probably so much better. Now, 175 00:11:21,880 --> 00:11:23,880 Speaker 2: that is much better. That's much much better. I can't 176 00:11:24,000 --> 00:11:28,160 Speaker 2: enter and change glasses all day long. I mean, I 177 00:11:28,160 --> 00:11:33,720 Speaker 2: don't get paid to change glasses. It's not my contract. 178 00:11:35,080 --> 00:11:35,560 Speaker 4: Let's see. 179 00:11:35,600 --> 00:11:40,679 Speaker 2: The researchers used a liquid called per Flora decolin per 180 00:11:40,679 --> 00:11:43,760 Speaker 2: Flora decalin, which can hold up to fifty times more 181 00:11:43,760 --> 00:11:47,960 Speaker 2: oxygen than water. In what a release describes as an 182 00:11:47,960 --> 00:11:52,240 Speaker 2: animal like process, the scientists administered the liquid into twenty 183 00:11:52,280 --> 00:11:55,320 Speaker 2: seven healthy Japanese men, who were then asked to hold 184 00:11:55,360 --> 00:11:56,000 Speaker 2: it for an hour. 185 00:12:00,800 --> 00:12:08,280 Speaker 4: Uh huh, yeah, right, an oxygen infused liquid. 186 00:12:09,160 --> 00:12:12,080 Speaker 2: Squirt it up your butt, yep, and then you're asked 187 00:12:12,080 --> 00:12:13,680 Speaker 2: to hold that for an hour? 188 00:12:14,080 --> 00:12:14,959 Speaker 4: Uh huh? 189 00:12:15,320 --> 00:12:18,079 Speaker 2: Is that like taking a laxity And then you're in 190 00:12:18,120 --> 00:12:21,080 Speaker 2: the middle of your of the situation with Michael Brown 191 00:12:21,080 --> 00:12:22,240 Speaker 2: at seven eighteen, and. 192 00:12:22,160 --> 00:12:23,240 Speaker 3: You really need to go. 193 00:12:23,280 --> 00:12:25,560 Speaker 4: But you can able to break and just clench it. 194 00:12:25,760 --> 00:12:31,480 Speaker 3: You gotta clench baby, clench powder through baby. Most is 195 00:12:31,520 --> 00:12:32,199 Speaker 3: the key word. 196 00:12:33,120 --> 00:12:40,160 Speaker 2: Most managed the task, meaning some did not manage the task. 197 00:12:40,360 --> 00:12:42,120 Speaker 4: But I don't think I can hold it for an hour. 198 00:12:42,200 --> 00:12:43,000 Speaker 4: I don't know about you. 199 00:12:44,480 --> 00:12:45,880 Speaker 3: Suddenly your voice sounds better. 200 00:12:46,640 --> 00:12:49,319 Speaker 4: I've got some tea stuff that they think. 201 00:12:49,400 --> 00:12:51,000 Speaker 2: Oh well, I just thought maybe it was the topic 202 00:12:51,040 --> 00:12:52,560 Speaker 2: the sudden that you were excited about. 203 00:12:52,679 --> 00:12:54,199 Speaker 3: You know im, But. 204 00:12:54,640 --> 00:12:57,680 Speaker 5: You're only gonna get this type of topic on the 205 00:12:57,720 --> 00:13:01,559 Speaker 5: situation with Michael Brown featuring Dragon Red. Yes, the only 206 00:13:01,640 --> 00:13:04,680 Speaker 5: place you're gonna get butt breathing right. 207 00:13:05,200 --> 00:13:08,760 Speaker 2: The topic for this hour was scheduled to be rare 208 00:13:08,800 --> 00:13:13,120 Speaker 2: earth minerals, which I guess is somewhat related. You know, 209 00:13:14,000 --> 00:13:16,480 Speaker 2: this is kind of rare and you could you know, 210 00:13:16,640 --> 00:13:19,600 Speaker 2: if it do it outside it hardens into a mineral, 211 00:13:19,640 --> 00:13:20,080 Speaker 2: we can. 212 00:13:20,120 --> 00:13:21,080 Speaker 4: Earth notes to it. 213 00:13:21,320 --> 00:13:22,280 Speaker 3: Yeah. Yeah. 214 00:13:22,679 --> 00:13:26,040 Speaker 2: Crucially, no side effects were reported and the liquid itself 215 00:13:26,120 --> 00:13:29,480 Speaker 2: wasn't absorbed into the body. This initial test did not 216 00:13:29,520 --> 00:13:31,440 Speaker 2: actually involve oxygenated liquid. 217 00:13:31,520 --> 00:13:32,600 Speaker 3: Well then, what. 218 00:13:34,200 --> 00:13:37,040 Speaker 2: How can you say that this test was a success 219 00:13:37,440 --> 00:13:39,840 Speaker 2: when you're trying to deliver oxygen through the butt and 220 00:13:39,840 --> 00:13:42,120 Speaker 2: then you tell us at the end of the story, oh, 221 00:13:42,160 --> 00:13:45,880 Speaker 2: it didn't actually involve oxygenated liquid. The goal was simply 222 00:13:45,920 --> 00:13:49,120 Speaker 2: to check if the procedure was safe for humans, and 223 00:13:49,160 --> 00:13:52,480 Speaker 2: so far, so good. The next step is to try 224 00:13:52,480 --> 00:13:57,080 Speaker 2: the process with real oxygen still on healthy volunteers before 225 00:13:57,160 --> 00:14:01,760 Speaker 2: moving to patients with breathing problems. Successful, the technique could 226 00:14:01,800 --> 00:14:07,480 Speaker 2: eventually offer a simpler, potentially less damaging alternative to mechanical ventilators, 227 00:14:07,840 --> 00:14:14,719 Speaker 2: especially in places with limited resources. The question is, I'm 228 00:14:14,760 --> 00:14:18,520 Speaker 2: assuming that the even though they call them volunteers, I 229 00:14:18,559 --> 00:14:20,280 Speaker 2: assume that this is the kind of thing where you 230 00:14:20,320 --> 00:14:22,080 Speaker 2: get some compensation for it. 231 00:14:22,520 --> 00:14:25,120 Speaker 4: How much would it cost for you to do this experiment? 232 00:14:25,280 --> 00:14:27,760 Speaker 2: And that was the question I wanted to ask. How 233 00:14:27,840 --> 00:14:31,800 Speaker 2: much would you require before you let them stick something 234 00:14:31,920 --> 00:14:35,480 Speaker 2: up your butt that was some sort of oxygenated liquid 235 00:14:35,560 --> 00:14:37,120 Speaker 2: and then required to hold it for an. 236 00:14:37,000 --> 00:14:39,280 Speaker 5: Hour more or less than what you would pay for 237 00:14:39,280 --> 00:14:40,520 Speaker 5: for a brick at the White House? 238 00:14:43,000 --> 00:14:51,440 Speaker 3: Yeah? Okay, yeah, how do I segue into rare earths segment? 239 00:14:51,520 --> 00:14:51,800 Speaker 4: Okay? 240 00:14:51,840 --> 00:14:52,120 Speaker 3: Thank you. 241 00:14:53,280 --> 00:14:58,440 Speaker 2: Stephen Moore on on Fox Business yesterday was talking about 242 00:14:58,680 --> 00:15:03,240 Speaker 2: rare earth minerals and then it just coincidentally last night, 243 00:15:03,760 --> 00:15:08,600 Speaker 2: I'm listening to one of my international geopolitical podcasts and 244 00:15:08,640 --> 00:15:14,280 Speaker 2: it's talking about how Australia and the United States have 245 00:15:14,800 --> 00:15:19,320 Speaker 2: more rare earth. In fact, Australia in particular has more 246 00:15:19,440 --> 00:15:25,760 Speaker 2: rare earth materials than does China. And where China is 247 00:15:25,800 --> 00:15:29,920 Speaker 2: mining this one particular rare earth, there is a higher 248 00:15:30,000 --> 00:15:35,880 Speaker 2: rate of diseases because it's forced labor, force mining. I 249 00:15:35,880 --> 00:15:37,840 Speaker 2: don't think it's the weakers. I think it's somebody else. 250 00:15:39,040 --> 00:15:41,600 Speaker 2: It's just regular Chinese families. It's just huns that they're 251 00:15:41,640 --> 00:15:44,840 Speaker 2: just sitting there because they don't remember. Communists don't care 252 00:15:44,840 --> 00:15:45,640 Speaker 2: about their people. 253 00:15:47,800 --> 00:15:48,360 Speaker 3: We have. 254 00:15:50,360 --> 00:15:56,320 Speaker 2: More rare earths than any nation on Earth, estimated at 255 00:15:56,520 --> 00:16:03,320 Speaker 2: twelve trillion dollars in value. So why are we allowing 256 00:16:03,360 --> 00:16:08,240 Speaker 2: ourselves to be dependent upon China? Why do we run 257 00:16:08,280 --> 00:16:13,680 Speaker 2: the risk of automobile production lines coming to a halt 258 00:16:14,040 --> 00:16:19,920 Speaker 2: or you know, computer production lines or smartphone lines, whatever 259 00:16:19,960 --> 00:16:21,600 Speaker 2: it might be that require rare earth. 260 00:16:21,880 --> 00:16:23,040 Speaker 3: Why are we allowing the. 261 00:16:23,080 --> 00:16:26,600 Speaker 2: Potential for those production lines to come to a halt 262 00:16:27,040 --> 00:16:29,920 Speaker 2: when we have more rare earth than any other nation 263 00:16:30,120 --> 00:16:32,960 Speaker 2: on Earth. And then we got Australia and we just 264 00:16:32,960 --> 00:16:42,120 Speaker 2: signed a new deal with Australia because of endless permitting processes, bureaucracy, lawsuits, 265 00:16:42,520 --> 00:16:47,600 Speaker 2: land bands that forces us to depend on China and Russia. 266 00:16:47,720 --> 00:16:51,280 Speaker 2: When I talk about this country committing our own national suicide, 267 00:16:51,520 --> 00:16:54,640 Speaker 2: this is a great example of it. The problem is 268 00:16:54,760 --> 00:16:59,920 Speaker 2: we don't have a mineral shortage. We had a leadership shorty, 269 00:17:00,440 --> 00:17:03,600 Speaker 2: and it turns out once again that huh, we just 270 00:17:03,600 --> 00:17:04,960 Speaker 2: needed a different president. 271 00:17:06,160 --> 00:17:06,760 Speaker 3: I got to be. 272 00:17:06,720 --> 00:17:11,000 Speaker 2: Honest here, I kind of find myself longing for the 273 00:17:11,080 --> 00:17:15,240 Speaker 2: kind of energy crisis involving crude oil that we boomers 274 00:17:15,280 --> 00:17:19,919 Speaker 2: lived through during the nineteen seventies. As I strive to 275 00:17:20,240 --> 00:17:25,320 Speaker 2: convey to you the currently evolving crisis related to rare 276 00:17:25,359 --> 00:17:29,560 Speaker 2: earth and critical energy minerals, I really don't want us 277 00:17:29,640 --> 00:17:32,919 Speaker 2: to suffer through what we went through. The shock to 278 00:17:32,960 --> 00:17:36,640 Speaker 2: the economy, the shock to your pocketbook when gas went, 279 00:17:36,680 --> 00:17:38,800 Speaker 2: you know, from thirty five cents a gallon to oh 280 00:17:38,800 --> 00:17:41,760 Speaker 2: my gosh, it's fifty cents a gallon, and then the 281 00:17:41,920 --> 00:17:45,520 Speaker 2: time it hint a dollar a gallon, and the pumps 282 00:17:46,480 --> 00:17:51,080 Speaker 2: literally didn't have a space for the one, so some 283 00:17:51,119 --> 00:17:54,280 Speaker 2: stations would take a magic marker and paint a one 284 00:17:54,440 --> 00:17:58,120 Speaker 2: over there, so it was really a dollar ninety five 285 00:17:58,160 --> 00:18:02,639 Speaker 2: that you owed, and not ninety five cents. The arab 286 00:18:02,760 --> 00:18:05,440 Speaker 2: oil embargo of nineteen seventy. 287 00:18:05,000 --> 00:18:06,720 Speaker 3: Three Morning Michael and Dragon. 288 00:18:07,080 --> 00:18:12,160 Speaker 6: Well, listen, I'm gonna be honest. We went straight from 289 00:18:12,480 --> 00:18:19,600 Speaker 6: from butt breathing to rare earth minerals to energy, no segue, 290 00:18:19,640 --> 00:18:23,480 Speaker 6: which somehow worked. I think somehow no segue is the 291 00:18:23,520 --> 00:18:28,040 Speaker 6: best segue, and it made sense, and we all just 292 00:18:28,040 --> 00:18:29,000 Speaker 6: just kept on moving. 293 00:18:29,200 --> 00:18:31,000 Speaker 3: Well done, thank you. 294 00:18:32,119 --> 00:18:34,120 Speaker 2: This is what we tried to do. We just want 295 00:18:34,119 --> 00:18:39,440 Speaker 2: to keep on moving. We'd like to just like we'd 296 00:18:39,480 --> 00:18:42,360 Speaker 2: like to keep moving on up. As a Jeffersons used 297 00:18:42,359 --> 00:18:46,960 Speaker 2: to see, just moving on up. The Arab oil embargo 298 00:18:47,080 --> 00:18:49,040 Speaker 2: of nineteen seventy three, anybody remember that? 299 00:18:49,119 --> 00:18:53,280 Speaker 3: Raise your hand, all right? It was pretty simple. 300 00:18:54,160 --> 00:18:56,720 Speaker 2: Saudi Arabia and the other Arab states wanted to get 301 00:18:56,800 --> 00:19:00,359 Speaker 2: higher prices for all their massive supplies or crew oil, 302 00:19:01,320 --> 00:19:06,400 Speaker 2: and they got that through basic economics by withholding millions 303 00:19:06,400 --> 00:19:09,560 Speaker 2: of barrels per day from the global market until you know, 304 00:19:09,680 --> 00:19:13,560 Speaker 2: because now you've got to reduce supply. You have the 305 00:19:13,600 --> 00:19:19,080 Speaker 2: same demand but less supply, prices go up. Duh, Chimney Christmas. 306 00:19:19,119 --> 00:19:20,920 Speaker 2: They had to teach that in college, they had to 307 00:19:20,960 --> 00:19:24,040 Speaker 2: teach that in high school or junior high and then 308 00:19:25,000 --> 00:19:29,400 Speaker 2: they leverage their market position to maintain those higher prices. 309 00:19:29,880 --> 00:19:36,000 Speaker 2: By continuing to manipulate the supply through OPEC, the organization 310 00:19:36,040 --> 00:19:40,439 Speaker 2: of patrolling next sporting countries. It was obviously painful to 311 00:19:40,480 --> 00:19:46,600 Speaker 2: the pocketbook, but it wasn't very complicated. Now I didn't 312 00:19:46,680 --> 00:19:50,359 Speaker 2: understand well, I you know, I take that back. I 313 00:19:50,400 --> 00:19:52,679 Speaker 2: did understand a little bit about the world in nineteen 314 00:19:52,720 --> 00:19:55,960 Speaker 2: seventy three. Now it's none of your business how old 315 00:19:56,000 --> 00:19:59,240 Speaker 2: I was, you know, so I kind of understood. 316 00:19:58,840 --> 00:20:00,800 Speaker 4: What forty seven. 317 00:20:01,080 --> 00:20:05,320 Speaker 2: Yes, so it does mean understood anything. I didn't really 318 00:20:05,359 --> 00:20:07,320 Speaker 2: understand anything until I got to be eighty two. Then 319 00:20:07,359 --> 00:20:09,719 Speaker 2: I stopped finally started to figure it out. That's when 320 00:20:09,760 --> 00:20:12,480 Speaker 2: you ran for president, right about the time you that's right, 321 00:20:12,520 --> 00:20:15,119 Speaker 2: that's when I decided to shoot, Yeah, I might as 322 00:20:15,160 --> 00:20:16,920 Speaker 2: want to run for if If he can be president, 323 00:20:16,960 --> 00:20:22,560 Speaker 2: why can't I be president. I did understand this, though, 324 00:20:23,160 --> 00:20:25,280 Speaker 2: as I think I did most as I think most 325 00:20:25,280 --> 00:20:25,879 Speaker 2: Americans did. 326 00:20:25,920 --> 00:20:26,439 Speaker 3: At the time. 327 00:20:27,840 --> 00:20:31,440 Speaker 2: We all knew what oil was, and suddenly we found 328 00:20:31,440 --> 00:20:33,240 Speaker 2: out what a shortage of it meant for the first 329 00:20:33,240 --> 00:20:35,359 Speaker 2: time that we went to fill our tanks with gas 330 00:20:35,400 --> 00:20:39,879 Speaker 2: at the pump after that embargo hit on October seventeen, 331 00:20:40,359 --> 00:20:44,840 Speaker 2: nineteen seventy three, and then we started to learn about 332 00:20:45,119 --> 00:20:49,480 Speaker 2: gas lines and waiting in line to get gas, or 333 00:20:49,680 --> 00:20:52,160 Speaker 2: if you were like Tamna at that time, coming home 334 00:20:52,200 --> 00:20:57,720 Speaker 2: to see parents or whatever, what's the gas situation? And 335 00:20:58,119 --> 00:21:01,160 Speaker 2: if we fill up now? Is there gas out there? 336 00:21:01,520 --> 00:21:03,320 Speaker 2: Can we make it? And then can we get back? 337 00:21:03,680 --> 00:21:07,720 Speaker 2: Then we just look with our parents. But the evolving 338 00:21:07,880 --> 00:21:15,359 Speaker 2: crisis with rare earth minerals is different. It's far more complex. 339 00:21:16,040 --> 00:21:20,760 Speaker 2: It involves dozens of minerals whose names are known to 340 00:21:20,840 --> 00:21:24,400 Speaker 2: only a tiny sliver of the world's population, which are 341 00:21:24,760 --> 00:21:29,159 Speaker 2: used in two vast and array of manufactured items. For 342 00:21:29,359 --> 00:21:33,680 Speaker 2: any single person I think to adequately describe and analyze 343 00:21:33,680 --> 00:21:37,119 Speaker 2: on a daily basis. And I had a list of 344 00:21:37,160 --> 00:21:40,320 Speaker 2: all of them, you know me, I probably couldn't pronounce 345 00:21:41,240 --> 00:21:44,320 Speaker 2: more than half of them. But every single day we 346 00:21:44,359 --> 00:21:47,159 Speaker 2: get new news about a new sub crisis that is 347 00:21:47,200 --> 00:21:48,960 Speaker 2: one of a million moving parts in. 348 00:21:48,960 --> 00:21:51,080 Speaker 3: This overall huge crisis. 349 00:21:53,000 --> 00:21:56,679 Speaker 2: Think of Dutch chip maker next Period is a major 350 00:21:56,760 --> 00:22:00,480 Speaker 2: chip supplier to the automotive industry. There was a peace 351 00:22:00,560 --> 00:22:05,040 Speaker 2: published at Forbes recently. Here's an excerpt from that story. 352 00:22:05,920 --> 00:22:09,000 Speaker 2: The speed and aggression with which the Chinese government is 353 00:22:09,040 --> 00:22:13,440 Speaker 2: willing and able to deploy countermeasures to protect its dominance 354 00:22:13,480 --> 00:22:18,120 Speaker 2: in the rare earth realm was clearly illustrated on October thirteen, 355 00:22:18,280 --> 00:22:21,960 Speaker 2: This is just ten days ago. Reacting to China's October 356 00:22:22,080 --> 00:22:25,000 Speaker 2: nine announcement, the Dutch government, at the urging of the 357 00:22:25,080 --> 00:22:29,920 Speaker 2: US State Department, attempted to seize control of Nexsperia under 358 00:22:29,960 --> 00:22:35,640 Speaker 2: a rarely used Cold War era emergency nationalization law. Nextsperia 359 00:22:35,760 --> 00:22:40,320 Speaker 2: is a subsidiary of china own Wing Tech Technologies and 360 00:22:40,440 --> 00:22:44,240 Speaker 2: is a key player in supply chains for semiconductors used 361 00:22:44,280 --> 00:22:49,520 Speaker 2: in the auto industry. Nextsperia produces components in factories located 362 00:22:49,720 --> 00:22:53,040 Speaker 2: in Germany and the UK, but most of the production 363 00:22:53,560 --> 00:22:58,199 Speaker 2: from those plants is shipped back to a huge facility 364 00:22:58,520 --> 00:22:59,920 Speaker 2: on the Chinese mainland. 365 00:23:00,680 --> 00:23:02,000 Speaker 3: That's where the parts. 366 00:23:01,680 --> 00:23:06,720 Speaker 2: Get assembled, tested and packaged before then moving into the 367 00:23:06,760 --> 00:23:11,720 Speaker 2: international supply chain. Stop right there for just a moment. 368 00:23:14,000 --> 00:23:19,240 Speaker 2: So next Speerid produces components in factories located in Germany 369 00:23:19,240 --> 00:23:23,959 Speaker 2: and UK, but what's produced in those factories get shipped 370 00:23:24,000 --> 00:23:27,480 Speaker 2: back to a facility on the Chinese mainland, where those 371 00:23:27,640 --> 00:23:33,200 Speaker 2: parts manufactured in Germany and the UK get assembled, tested 372 00:23:33,640 --> 00:23:37,959 Speaker 2: and packaged as new parts. And then those new parts 373 00:23:38,080 --> 00:23:42,760 Speaker 2: then get moved back into the international supply chain. That 374 00:23:43,040 --> 00:23:46,399 Speaker 2: just one little sentence in that first paragraph is a 375 00:23:46,440 --> 00:23:52,119 Speaker 2: great lesson about how complex these supply chains are. I 376 00:23:52,160 --> 00:23:56,280 Speaker 2: think we started to learn about that during COVID, but 377 00:23:56,359 --> 00:23:59,920 Speaker 2: I still don't think that most Americans understand the complex 378 00:24:00,080 --> 00:24:04,120 Speaker 2: to the of these supply chains. Little pieces get started here, 379 00:24:04,400 --> 00:24:07,000 Speaker 2: they get shipped there, they get attitude, they get shipped 380 00:24:07,040 --> 00:24:10,080 Speaker 2: somewhere else, they get put together here that suddenly all 381 00:24:10,160 --> 00:24:13,119 Speaker 2: the it all gets collated into one new part. But 382 00:24:13,240 --> 00:24:15,879 Speaker 2: that new part still goes into an auto They again 383 00:24:16,280 --> 00:24:20,520 Speaker 2: again then get shipped hopefully to an auto plant in Detroit, 384 00:24:21,000 --> 00:24:25,040 Speaker 2: or more likely to an auto plant in Mexico, or 385 00:24:25,119 --> 00:24:27,879 Speaker 2: maybe you know, a ship in Germany, or to a 386 00:24:27,880 --> 00:24:30,760 Speaker 2: plant in Germany, so they can make a nice new 387 00:24:30,800 --> 00:24:33,040 Speaker 2: BMW and get it shipped back and then the then 388 00:24:33,119 --> 00:24:36,640 Speaker 2: that gets shipped over here, back and forth, back and forth, 389 00:24:36,680 --> 00:24:41,119 Speaker 2: back and forth. Well what did Beijing do back to 390 00:24:41,160 --> 00:24:48,080 Speaker 2: the Fortune magazine at that threat of nationalizing, seizing control 391 00:24:48,240 --> 00:24:53,400 Speaker 2: of this one company. Beijing simply responded to the Dutch provocation. 392 00:24:54,480 --> 00:24:56,119 Speaker 3: Interesting word that Fortune uses. 393 00:24:57,160 --> 00:25:01,480 Speaker 2: Beijing simply responded to the Dutch provocation by moving to 394 00:25:01,680 --> 00:25:07,480 Speaker 2: halt shipments from their Chinese facility, thus eliminating any benefit 395 00:25:07,520 --> 00:25:10,840 Speaker 2: to the Netherlands and the United States from the nationalization 396 00:25:11,000 --> 00:25:16,720 Speaker 2: of those European plants. So they write, with a single 397 00:25:17,040 --> 00:25:21,840 Speaker 2: tactical move, Beijing was able to protect its market dominance, 398 00:25:22,480 --> 00:25:28,840 Speaker 2: highlighting depressing energy security and national security implications of continued 399 00:25:28,880 --> 00:25:33,040 Speaker 2: reliance on Chinese controlled supply chains for these critical minerals 400 00:25:33,040 --> 00:25:38,480 Speaker 2: and components that's made from them in the story in 401 00:25:38,800 --> 00:25:44,320 Speaker 2: the Fortune story. Now, obviously that story is going to 402 00:25:44,359 --> 00:25:50,200 Speaker 2: evolve rapidly because now several European automakers have said they're 403 00:25:50,200 --> 00:25:53,280 Speaker 2: going to scale back their production because of a lack 404 00:25:53,320 --> 00:25:57,600 Speaker 2: of chips coming in from their main supplier. They had 405 00:25:57,640 --> 00:26:01,040 Speaker 2: a really good story over at zero head about this 406 00:26:01,680 --> 00:26:07,679 Speaker 2: whole fiasco going on. So Tyler Durden, who's obviously a 407 00:26:07,720 --> 00:26:11,399 Speaker 2: synonym at zero Hedge, wrote this one day after the 408 00:26:11,440 --> 00:26:16,359 Speaker 2: German tabloid newspaper Build reported that Volkswagen had suspended production 409 00:26:16,480 --> 00:26:19,439 Speaker 2: of the Golf of its Swolzburg factory due to a 410 00:26:19,480 --> 00:26:24,400 Speaker 2: worsening semiconductor shortage caused by a supply stoppage of Nexsperia chips, 411 00:26:24,840 --> 00:26:28,000 Speaker 2: the Dutch chip maker recently seized by the Netherlands government 412 00:26:28,480 --> 00:26:32,200 Speaker 2: warned Japanese automakers on Thursday, then it may no longer 413 00:26:32,240 --> 00:26:35,520 Speaker 2: be able to guarantee the chip supply. The chip crisis 414 00:26:35,560 --> 00:26:39,040 Speaker 2: spreading from Europe to Japan has set off alarm bells 415 00:26:39,080 --> 00:26:44,440 Speaker 2: across the entire industry. Bloomberg, according to zero Hedge, reports 416 00:26:44,480 --> 00:26:49,480 Speaker 2: that the Japan Automobile Manufacturer's Association has confirmed that its 417 00:26:49,520 --> 00:26:54,119 Speaker 2: members Toyota, Nissan, and Honda have received warnings from Nextsperia 418 00:26:54,160 --> 00:26:57,760 Speaker 2: about chip supply woes and are working with customers to 419 00:26:57,960 --> 00:27:04,719 Speaker 2: mitigate disruptions. Zero Heads finishes. The first signs of experience 420 00:27:04,800 --> 00:27:09,280 Speaker 2: related ship disruptions impacting global auto supply chains emerged from 421 00:27:09,320 --> 00:27:13,040 Speaker 2: Germany on Wednesday, following this report from the newspaper. The 422 00:27:13,119 --> 00:27:17,560 Speaker 2: local paper said Volkswagen suspended its golf production lines at 423 00:27:17,600 --> 00:27:23,040 Speaker 2: the Wolfsburg factory yesterday. Production lines stoppages will likely impact 424 00:27:23,480 --> 00:27:29,200 Speaker 2: tens of thousands of employees in Europe's largest economy. Other 425 00:27:29,280 --> 00:27:35,160 Speaker 2: automakers BMW, Mercedes Dammler are monitoring the situation, though their 426 00:27:35,200 --> 00:27:43,720 Speaker 2: production doesn't continue. According to the newspaper Now Dirden provided 427 00:27:43,760 --> 00:27:47,280 Speaker 2: some interesting links of other stories about the rare Earth 428 00:27:47,359 --> 00:27:51,440 Speaker 2: energy crisis puzzle, but make no mistake. 429 00:27:53,240 --> 00:27:55,240 Speaker 3: You're going to start seeing similar. 430 00:27:54,960 --> 00:28:00,359 Speaker 2: Announcement out of US automakers pretty soon, maybe even today. 431 00:28:01,160 --> 00:28:07,200 Speaker 2: Oh wait a minute, look at this. Automakers face serious 432 00:28:07,240 --> 00:28:11,800 Speaker 2: production disruptions due to looming chips crisis. GM vehicle production 433 00:28:11,880 --> 00:28:15,919 Speaker 2: may be impacted by next speriod chip supply disruption. Ford 434 00:28:15,960 --> 00:28:20,919 Speaker 2: Back Group sounds alarm over next speriod chip supply issue. 435 00:28:21,240 --> 00:28:24,760 Speaker 2: Oh you get the point. Yeah, the stories are already 436 00:28:24,840 --> 00:28:28,840 Speaker 2: out there, and this is just one of maybe hundreds 437 00:28:29,119 --> 00:28:31,160 Speaker 2: of sub crises. 438 00:28:30,680 --> 00:28:33,240 Speaker 3: That will evolve on the global. 439 00:28:32,880 --> 00:28:38,760 Speaker 2: Stage if China's cracked down on these critical energy minerals endurers. 440 00:28:41,680 --> 00:28:44,720 Speaker 3: So what, so, what's next? 441 00:28:45,280 --> 00:28:48,720 Speaker 1: Perhaps this isn't a great time, Michael to educate everyone 442 00:28:48,880 --> 00:28:51,600 Speaker 1: on ipencil by Leonard Reid. 443 00:28:52,240 --> 00:28:55,160 Speaker 3: It will open your eyes to the supply chain. 444 00:28:56,400 --> 00:28:59,920 Speaker 1: People don't realize how complex it is yet how spontaneous 445 00:29:00,040 --> 00:29:00,880 Speaker 1: cities as well. 446 00:29:01,360 --> 00:29:03,880 Speaker 3: So I don't know, it might be a great time 447 00:29:03,920 --> 00:29:05,120 Speaker 3: to talk about eyepencil. 448 00:29:06,440 --> 00:29:09,000 Speaker 2: I you know, eyepencil is a great video, and I, 449 00:29:09,240 --> 00:29:10,720 Speaker 2: you know, Dragon, if you can find it, yell up 450 00:29:10,760 --> 00:29:16,720 Speaker 2: it up on the website. I and I again, my 451 00:29:16,800 --> 00:29:22,960 Speaker 2: brain's overload right now. But I saw a great rebuttaled 452 00:29:23,040 --> 00:29:26,640 Speaker 2: eye pencil. I didn't agree with everything in it, but 453 00:29:26,760 --> 00:29:33,200 Speaker 2: it was whether or not you actually could today, based 454 00:29:33,240 --> 00:29:40,080 Speaker 2: on modern technology, actually do the pencil yourself. May not 455 00:29:40,200 --> 00:29:42,840 Speaker 2: be the number two pencil were used to, but you 456 00:29:43,040 --> 00:29:45,920 Speaker 2: might be able to do a pencil yourself. Stee, if 457 00:29:45,920 --> 00:29:48,120 Speaker 2: I can find that one. But let's let's finish the 458 00:29:48,320 --> 00:29:54,840 Speaker 2: rare earth minerals. This is a serious crisis. It doesn't 459 00:29:54,960 --> 00:29:57,400 Speaker 2: need to be a serious crisis, which is what drives 460 00:29:57,440 --> 00:30:02,120 Speaker 2: me crazy. If we are the largest repository of rare 461 00:30:02,160 --> 00:30:06,200 Speaker 2: earth minerals on the face of the Earth, followed by Australia, 462 00:30:06,280 --> 00:30:08,360 Speaker 2: which is a near you know that it's it's a 463 00:30:08,440 --> 00:30:12,760 Speaker 2: nose to nose race between US and Australia. And Trump 464 00:30:12,840 --> 00:30:17,040 Speaker 2: has just signed yesterday a deal with Australia for those 465 00:30:17,160 --> 00:30:22,480 Speaker 2: rare earth minerals. Then what's happening. Well, we may still 466 00:30:22,560 --> 00:30:28,120 Speaker 2: face the crisis because you sign a deal yesterday, you 467 00:30:28,160 --> 00:30:30,960 Speaker 2: can't start mining today. I mean, I know that comes 468 00:30:31,000 --> 00:30:34,240 Speaker 2: as a shock to many of you, but it involves 469 00:30:34,240 --> 00:30:37,720 Speaker 2: more than going to home depot, buying a shovel or 470 00:30:37,760 --> 00:30:42,800 Speaker 2: a pitchfork or something and starting to dig a hole. Yeah, duh, 471 00:30:42,920 --> 00:30:45,120 Speaker 2: you gotta know where the minerals are and it's gonna 472 00:30:45,160 --> 00:30:47,760 Speaker 2: take you know, an excavator to start digging a hole. 473 00:30:47,840 --> 00:30:49,800 Speaker 2: And of course you're gonna have to lease the land, 474 00:30:49,840 --> 00:30:51,280 Speaker 2: you get the land, you have to do all that sort 475 00:30:51,320 --> 00:30:56,120 Speaker 2: of stuff. So it takes time. But you got to 476 00:30:56,160 --> 00:31:00,280 Speaker 2: give Trump credit for the health of the US and 477 00:31:00,360 --> 00:31:04,040 Speaker 2: the global economy. The reality means the steaks could not 478 00:31:04,200 --> 00:31:10,480 Speaker 2: be possibly higher. When and if Trump meets chi Jing 479 00:31:10,600 --> 00:31:13,760 Speaker 2: Ping in South Korea next week. Now, I say if, 480 00:31:14,640 --> 00:31:19,760 Speaker 2: because the Chinese Communist Party is having its you know what, 481 00:31:19,800 --> 00:31:23,080 Speaker 2: do they meet every five years to plan a fifteen 482 00:31:23,160 --> 00:31:26,240 Speaker 2: year project or whatever. Anyway, they're going through their plenum 483 00:31:26,320 --> 00:31:31,400 Speaker 2: right now, and I really question whether Chijing Ping is 484 00:31:31,400 --> 00:31:36,880 Speaker 2: going to feel secure enough to go to the APEX 485 00:31:36,920 --> 00:31:42,360 Speaker 2: summit or not. But even if he does, at least 486 00:31:42,360 --> 00:31:48,040 Speaker 2: Trump's going with an alternative in hand, which shows Trump 487 00:31:48,200 --> 00:31:53,800 Speaker 2: is always playing for d chess. He understands that this 488 00:31:54,080 --> 00:32:00,280 Speaker 2: is critical and it now gives him leverage over China. Yeah, 489 00:32:00,240 --> 00:32:04,800 Speaker 2: I've got one problem. In a press availability where Trump 490 00:32:04,880 --> 00:32:07,520 Speaker 2: predicted that he and she would make a deal on 491 00:32:07,640 --> 00:32:12,600 Speaker 2: everything is the everything The quote at least didn't include 492 00:32:12,680 --> 00:32:15,479 Speaker 2: rare earth. He said, we'll make a deal on I 493 00:32:15,520 --> 00:32:18,920 Speaker 2: think everything. This is what he told reporters yesterday in 494 00:32:18,960 --> 00:32:20,960 Speaker 2: the Oval. I think we're going to make a deal 495 00:32:21,000 --> 00:32:22,920 Speaker 2: on soybeans and the farmers. I think we're going to 496 00:32:22,920 --> 00:32:25,680 Speaker 2: make a deal on maybe even nuclear. You know, President 497 00:32:25,760 --> 00:32:27,920 Speaker 2: Putin in his call mentioned to me about nuclear. We 498 00:32:28,360 --> 00:32:31,240 Speaker 2: may do a d escalation. I'm fine with that. Well, 499 00:32:33,000 --> 00:32:35,520 Speaker 2: take it out of context. You know, maybe he just 500 00:32:35,600 --> 00:32:37,480 Speaker 2: wasn't thinking about rare earth, and. 501 00:32:37,400 --> 00:32:40,600 Speaker 3: Maybe he didn't want to expose. 502 00:32:40,320 --> 00:32:43,520 Speaker 2: To shi Jing being Yeah, I'm coming with an agreement 503 00:32:43,600 --> 00:32:47,080 Speaker 2: with Australia to develop rare earth. To take that and 504 00:32:47,360 --> 00:32:50,200 Speaker 2: shove it where the sun doesn't shine or where the 505 00:32:50,200 --> 00:32:51,440 Speaker 2: butt breathing takes place.