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Speaker 1: Hey, guys, ready or not, twenty twenty four is here,

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Speaker 1: and we here at breaking points, are already thinking of

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Speaker 1: ways we can up our game for this critical election.

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Speaker 2: We rely on our premium subs to expand coverage, upgrade

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Speaker 2: the studio ad staff give you, guys, the best independent.

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Speaker 3: Coverage that is possible.

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Speaker 2: If you like what we're all about, it just means

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Speaker 2: the absolute world to have your support. But enough with that,

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Speaker 2: let's get to the show. Some new developments in our

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Speaker 2: search for extraterrestrial life not here on Earth, but somewhere

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Speaker 2: in our solar sys. So let's go and put this

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Speaker 2: up there on the screen. This is actually a fascinating

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Speaker 2: development from NASA. They say, quote, a moon of Saturn

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Speaker 2: has all of the ingredients needed for life. Data from

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Speaker 2: the NASA spacecraft reveals that phosphorus is present in the

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Speaker 2: subsurface ocean of Enceladus, which is one of the moon

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Speaker 2: of Saturn. It's a tidy, tiny orbiting moon of Saturn,

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Speaker 2: they say, it has quote all of the key building

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Speaker 2: blocks of life. The moon is only about three hundred

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Speaker 2: miles in diameter, but it has a global subsurface ocean

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Speaker 2: of more than thirty miles deep continuously erupting plumes at

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Speaker 2: its south pole, sprays bits of icy particles from that

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Speaker 2: ocean hundreds of miles into space through the cracks and

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Speaker 2: the moon crust at supersonic speeds.

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Speaker 4: Quote.

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Speaker 2: These geysers enable spacecraft flying by to study them the

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Speaker 2: chemical mapup of the ocean without having to plunge beneath

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Speaker 2: the ice. Data from the previous NASA mission suggested that

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Speaker 2: the moon possessed every chemical block needed to form life

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Speaker 2: that we have known of in the Solar System except

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Speaker 2: for phosphorus. Now we know that phosphorus, being critical to

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Speaker 2: DNA crystal, actually has been discovered on this moon. So

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Speaker 2: the name also of the moon and Salatus difficult to say,

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Speaker 2: just for me because I'm not all that read up,

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Speaker 2: but I did know that the way that they named

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Speaker 2: saturn moons was within Greek methodology, and Ensolatus is one

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Speaker 2: of the giants who is the offspring of Gaya aka

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Speaker 2: the earth and Uranus the sky, so it's one of

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Speaker 2: those children in Greek mythology, thus getting the name there

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Speaker 2: of Saturn's moon.

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Speaker 3: So it's interesting though.

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Speaker 1: Nonetheless, yeah, well, they have a researcher quoted here who

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Speaker 1: says the next step is to figure out if it

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Speaker 1: indeed is inhabited. It's going to take a future mission

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Speaker 1: to answer that question, so we don't know yet.

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Speaker 4: Maybe it's a forward operating.

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Speaker 1: This is exciting because it makes Ensilatus and salitas, how

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Speaker 1: we say, it, an even more compelling destination.

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Speaker 5: To go and do that kind of search.

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Speaker 1: I mean, I guess the thing that this made me

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Speaker 1: think of Soccer is if they're even in our own

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Speaker 1: solar system, are places that are potentially that have all

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Speaker 1: the building blocks of life, that are potentially inhabitable, then

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Speaker 1: what does that mean for the.

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Speaker 5: Like vastness of the universe.

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Speaker 1: Yeah, it's just, you know, statistically speaking, it's obvious that

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Speaker 1: there must be many, many, many other places that similarly

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Speaker 1: have these same building blocks of life.

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Speaker 2: Of course, I mean that is it's so obvious because

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Speaker 2: we and actually even as he points out, you know,

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Speaker 2: within space, it says, quote within the cosmos, Phosphorus is

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Speaker 2: by far the rarest as of what we know, at

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Speaker 2: least so far. But it does demonstrate to us just

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Speaker 2: how little we actually even know, you know, even about

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Speaker 2: our own solar system eight or nine Measley, little planets

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Speaker 2: and their moons, like we're only discovering this now in

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Speaker 2: twenty twenty three. Then you combine that to the Milky

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Speaker 2: Way galaxy, and then you combine that too all of

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Speaker 2: these other galaxies where, you know, I just think it's

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Speaker 2: so ridiculous to even claim, you know, I guess not

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Speaker 2: that many people do claim that we are literally the

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Speaker 2: only life in the entire universe, just that you know,

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Speaker 2: the the what are the odds that we would be

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Speaker 2: at the same that we would reach our stage of

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Speaker 2: development at the exact same time that another civilization had

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Speaker 2: also reached past development for intersolar intergalactic interstellar travel, and

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Speaker 2: that those two would find each other.

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Speaker 3: And that's kind of.

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Speaker 2: What the actual paradox is, not that life has not

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Speaker 2: existed or does exist or whatever in the universe, just

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Speaker 2: that that they would be able to find each other

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Speaker 2: at the same time. Does you know it does seem

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Speaker 2: quote unquote fantastical, but also considering the number of ensulatuses

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Speaker 2: that are likely out there, the number of earths and

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Speaker 2: all that are out there, it's not as crazy as

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Speaker 2: it seems to be presumed that there's millions, potentially hundreds

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Speaker 2: of millions of type civilizations scattered all throughout the universe.

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Speaker 2: But hey, you know now we're starting to get now

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Speaker 2: things are starting.

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Speaker 5: To get into Yeah.

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Speaker 1: Well, there's nothing more human than to contemplate the great

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Speaker 1: mysteries of the universe. And there's nothing that's sort of

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Speaker 1: more centering, I guess, than to contemplate just these the

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Speaker 1: vastness of the universe and what else might be out

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Speaker 1: there helps put everything in context.

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Speaker 3: Let me put a word in just for darkness.

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Speaker 2: I did not truly understand darkness until I went to Moab,

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Speaker 2: which is one of the it's a National Dark Sky

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Speaker 2: Zone in the United States. Moab is the desert the

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Speaker 2: town in Utah for the Artist National Park.

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Speaker 4: I drove in the middle.

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Speaker 2: Out night, pitch black. You can barely see anything except

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Speaker 2: for the distance of your headlights. You get to the

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Speaker 2: parking lot where everybody's going stargaze, and you turn the

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Speaker 2: car off and you look up and it is one

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Speaker 2: of the most stunning things I've ever seen in my

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Speaker 2: entire life. Everyone's gotten a little bit of glimpse of

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Speaker 2: it if you go on camping or something like that.

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Speaker 3: But I beg people go to an.

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Speaker 2: Actual dark sky zone or Hawaii. I forget exactly what

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Speaker 2: ket conservatory I think is what it's called. Either of

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Speaker 2: those places, it will blow you away. Yeah, and I'm

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Speaker 2: sure there are several other I think the South Pacific

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Speaker 2: also some areas and all of the other than Hawaii

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Speaker 2: that you can visit. But in the United States National

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Speaker 2: Dark Sky Zone, I think Big Sky Montana.

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Speaker 4: This is like that.

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Speaker 3: It will change your perspective entirely on everything that was.

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Speaker 1: This was actually something that blew Kyle away. Moving from

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Speaker 1: New York City suburbs down to middle of nowhere in

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Speaker 1: Virginia where we live, which obviously is not like total

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Speaker 1: there's still some light pollution, but the vast difference between

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Speaker 1: what he could see in the night sky in New

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Speaker 1: York City versus here kind of blew his mind.

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Speaker 5: So certainly speak to that.

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Speaker 3: Even a fifty percent chance change is insane.

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Speaker 2: But try one hundred percent, Like I beg you, everybody

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Speaker 2: could try and go and experience with yourself.

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Speaker 3: So anyway, we're not alone. We'll see you later.

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Speaker 1: So in the midst of all kinds of turmoil over

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Speaker 1: at CNN with the top guy being out of the job,

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Speaker 1: you have Charles Barkley, who is set to start a

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Speaker 1: new talk show there alongside Gail King, and he made

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Speaker 1: some interesting comments about the timing of his new show

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Speaker 1: coming out.

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Speaker 5: Take a listen, you don't need to go take that

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Speaker 5: news job.

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Speaker 4: You can come on our show. You know more about

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Speaker 4: hockey than we do.

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Speaker 1: Have to travel out apparently with this new talk too,

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Speaker 1: I'm jumping on the Titanic. Everybody keep saying aboard a board.

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Speaker 5: A board, right, jumping on the Titanic.

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Speaker 1: You know what's funny though about that clip is like,

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Speaker 1: clearly Charles Barkley doesn't need CNN.

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Speaker 5: In fact, I was shocked that he even took the job.

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Speaker 1: And the fact that he doesn't need CNN is exactly

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Speaker 1: why his show could actually be interesting because he'll say

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Speaker 1: something like that, which clearly, like you know, is in

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Speaker 1: politic and not what CNN bosses want to hear.

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Speaker 5: But since he's Charles Barkley, he can get away with it.

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Speaker 3: Oh right now, they're really getting destroyed.

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Speaker 2: I mean, you know, CNN actually this is even a

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Speaker 2: reflection by their own reporter Brian.

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Speaker 3: Stelter, who has literally yeah, used.

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Speaker 2: To dominate CN used to dominate on brave breaking news

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Speaker 2: like Friday when the Trump indictment was on Seals.

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Speaker 3: Something's changed.

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Speaker 2: MSNBC has now capitalized, So MSNBC actually destroyed both Fox

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Speaker 2: and CNN on the day of the Trump indictment. Obviously,

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Speaker 2: the boomers over there are just losing their minds. Nicole

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Speaker 2: Wallace getting them all ginned up. Rachel Maddow is, you know,

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Speaker 2: doing backflips. But CNN, you know, is in a tough

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Speaker 2: spot because they capitalized exactly on that same market, then

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Speaker 2: decided to ditch them. And they're like, well, which way, Like,

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Speaker 2: who are we? We have no credibility with the right,

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Speaker 2: Their credibility with the left is gone because they are

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Speaker 2: not willing to be as crazy rushing layers as MSNBC.

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Speaker 3: So what is there? You know, what what is their

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Speaker 3: purpose of existing right now?

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Speaker 4: Yeah?

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Speaker 1: No, they're I mean, I don't know what the way

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Speaker 1: for it is for them because they spent so much,

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Speaker 1: so many years cultivating a certain audience and it was

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Speaker 1: basically like the same audience as MSNBC, where I mean

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Speaker 1: sometimes CNN was even going like further than MSNBC in

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Speaker 1: terms of you know, like liberal derangement. And so after

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Speaker 1: you've cultivated that audience for years, you can then turn

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Speaker 1: on a diamond be like actually everything we said was wrong.

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Speaker 5: Actually our coverage was wrong. Actually our hosts were wrong.

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Speaker 1: Actually what we were doing was terrible and was bad

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Speaker 1: for the world and bad for democracy and whatever. And

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Speaker 1: we're completely changing course. I mean, I don't even know

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Speaker 1: that they changed course all that much. Yeah, I think

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Speaker 1: you're right, but they did enough for viewers to, you know,

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Speaker 1: the viewing base, the viewing audience that they had themselves

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Speaker 1: cultivated to be like, Okay, well I can go over

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Speaker 1: to MSNBC and get like the comfort food fed right

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Speaker 1: to me. So I don't even know what you're up

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Speaker 1: to over here. And when you combine that with the

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Speaker 1: fact that it's not like any of this content is

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Speaker 1: that engaging or entertaining anyway, there's just no reason for

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Speaker 1: you we'll stick around.

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Speaker 2: I think what we need to do is to make

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Speaker 2: sure that people understand this is only a once a

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Speaker 2: week's show. But even if Charles does well, it's not

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Speaker 2: like it's going to save that. Yeah, whoever, the new

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Speaker 2: boss is over there. I just got to say, good luck.

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Speaker 2: That is it and Titanic. One can only pray, one

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Speaker 2: can only hope.

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Speaker 1: Yes, indeed, I mean, I guess the last thing I'll

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Speaker 1: say is you are talking about still even with writings down,

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Speaker 1: even with profits down, even with all of that, a

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Speaker 1: gigantic juggernaut of a media enterprise. You know, surely there

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Speaker 1: is some path to them being relevant again and providing

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Speaker 1: information and news coverage that people actually want to seek

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Speaker 1: out and actually learn from and actually get something out of.

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Speaker 1: But it's not clear that there are any New York

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Speaker 1: executives who have figured on a plan for making that happen.

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Speaker 3: Yeah, well said.

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Speaker 4: Inflation, Government speirit, consumer hate it, and the media lies

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Speaker 4: about it too. My name is James Lee, and today

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Speaker 4: we will uncover together the web of lies and propaganda

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Speaker 4: spun by the mainstream media to obfuscate the truth about inflation, not.

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Speaker 1: Just one factor but several that's fueling inflation.

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Speaker 4: The reason for inflation.

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Speaker 6: Do you see this flaring up inflation?

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Speaker 5: That's the main cause of inflation.

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Speaker 7: An inflation conspiracy theory is infecting the Democrat Party.

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Speaker 4: Inflation propaganda has come full circle, and today we are

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Speaker 4: going to go on a three year journey to expose

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Speaker 4: the insane lies we've been told about the causes and

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Speaker 4: effects of inflation. Let's go back to early twenty twenty,

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Speaker 4: shortly after the pandemic took hold of the world, On

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Speaker 4: March twenty seventh, twenty twenty, Congress passed a two trillion

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Speaker 4: dollar plus stimulus package called the CARES Act. Part of

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Speaker 4: the package included direct aid to endividuals and households in

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Speaker 4: the form of a twelve hundred dollars stimulus check to

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Speaker 4: provide relief for those whose jobs were impacted by pandemic shutdowns.

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Speaker 4: In December of that year, Congress passed yet another stimulus bill,

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Speaker 4: the Coronavirus Response and Relief Act, which doled out another

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Speaker 4: six hundred dollars check to individuals making under seventy five

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Speaker 4: thousand dollars a year. In March of twenty twenty one,

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Speaker 4: Congress passed the final coronavirus stimulus bill, the American Rescue

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Speaker 4: Plan Act, which distributed another fourteen hundred dollars to most

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Speaker 4: Americans thirty two hundred dollars in total to the people,

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Speaker 4: and some at the very top were not too happy.

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Speaker 4: Economist Larry Summers, Bill Clinton's Treasury secretary and Barack Obama's

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Speaker 4: top economic advisor, was a high profile critic of these

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Speaker 4: relief checks.

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Speaker 6: I don't think the two thousand dollars checks make much sense.

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Speaker 7: I'm not even sure that I'm so enthusiastic about the

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Speaker 7: six hundred dollars.

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Speaker 4: Checks, and I think taking them to two thousand dollars

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Speaker 4: would actually be pretty serious stake that would rink this

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Speaker 4: could temporary overheat. In a Washington Post op ed published

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Speaker 4: in February of twenty twenty one, a month after the

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Speaker 4: final relief check was issued to Americans, Summers wrote that

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Speaker 4: the stimulus checks would quote set off inflationary pressures of

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Speaker 4: a kind that we have not seen in a generation.

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Speaker 4: And when inflation jumped from one point seven percent in

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Speaker 4: February of twenty twenty one to seven point nine percent

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Speaker 4: a year later, cable News and its army of pundits

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Speaker 4: and experts quickly placed the blame on these stimulus checks

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Speaker 4: the reason for inflation.

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Speaker 5: The stimulus.

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Speaker 4: We have placed ourselves at risk for this inflation that

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Speaker 4: we're now seeing.

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Speaker 6: Fourteen hundred dollars direct payments could be deposited into bank

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Speaker 6: accounts as early as this weekend. Do you see this

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Speaker 6: flaring up inflation the way we are seeing some marketants

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Speaker 6: participants viewing this absolutely ma react.

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Speaker 4: He just passes this really really massive stimulus, and I

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Speaker 4: think that that's the main cause of inflation. So their

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Speaker 4: assertion is that the economy freaked out because people made

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Speaker 4: a couple thousand dollars more. Is there any truth to that?

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Speaker 4: Andrew Yang, who ran for president in twenty twenty with

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Speaker 4: ubi universal basic income as a core tenant of his platform,

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Speaker 4: he had this to say.

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Speaker 8: The relief checks and the enhanced child tax credit, it

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Speaker 8: gets mistakenly blamed for inflation later, which is you know,

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Speaker 8: very upsetting and frustrating and troubling. Yeah, because everyone's like, oh,

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Speaker 8: we can you send checks out and then price it

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Speaker 8: go up? But it's like, well, if you do the math,

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Speaker 8: you realize that the checks were a very very small

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Speaker 8: component of the five trillion that went out. I tried

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Speaker 8: to explain to people, It's like, look, five trillion dollars

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Speaker 8: is fifteen sixteen thousand a head, Like, do you remember

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Speaker 8: sending out fifteen sixteen thousand ahead? You know, it is

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Speaker 8: about like, you know, maybe like one or two grand ahead.

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Speaker 8: So what the hell happened to the other you know,

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Speaker 8: thirteen fourteen ye grand?

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Speaker 4: Yeah, what did happen to the rest of the money.

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Speaker 4: Taking a closer look at the CARES Act, the first

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Speaker 4: of the three Coronavirus Stimulus bills, only about a quarter

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Speaker 4: of the money went to helping individuals and households. To

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Speaker 4: undred ninety billion went to direct payments. That's the twelve

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Speaker 4: hundred dollars check, another two hundred and sixty billion for

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Speaker 4: additional supplemental unemployment. Much of the rest the one point

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Speaker 4: two to one point four trillion dollars was handed out

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Speaker 4: to some of the wealthiest in this country, corporations, businesses,

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Speaker 4: and major industries like the airlines as tax breaks, loans,

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Speaker 4: and grants. So while it is certainly the case that

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Speaker 4: the Fed quote unquote printed a lot of money in

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Speaker 4: the year following the onset of the COVID nineteen pandemic,

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Speaker 4: which could and did contribute to inflation just based on

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Speaker 4: fundamental supply and demand principles, the reality is that almost

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Speaker 4: none of that money went to regular people. So the

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Speaker 4: mainstream narrative continued to evolve in the coming months.

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Speaker 1: The global supply chain crisis hasn't been seen since World

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Speaker 1: War II. Cargo ships continue to sit in an ocean

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Speaker 1: parking lot off the coast of California as millions of

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Speaker 1: goods are in limbo.

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Speaker 4: It's an la traffic jam in the Pacific. In October

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Speaker 4: of twenty twenty one, The Wall Street Journal tied inflation

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Speaker 4: to supply chain disruptions occurring as a result of the

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Speaker 4: pandemic aftershock, which isn't inaccurate because the pandemic did throw

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Speaker 4: the entire global supply chain in complete disarray, causing supply

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Speaker 4: shortages and a subsequent price increase. But to what degree

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Speaker 4: that is the question. And it was around this time

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Speaker 4: where rumblings in independent media along with other academics began

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Speaker 4: to surface about the true impact of the supply chain

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Speaker 4: crisis on prices and what else might actually be the

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Speaker 4: real driver of inflation. To cite one specific example, on

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Speaker 4: December twenty nine, twenty twenty one, Front of the Show,

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Speaker 4: Matt Stoller posited on his substack newsletter Big that corporate

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Speaker 4: profits drove sixty percent of inflation increases based on his

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Speaker 4: analysis after backing out planned inflation, which is roughly two

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Speaker 4: percent historically, sixty percent of the increase in inflation went

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Speaker 4: directly to corporate profits, while the other forty percent could

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Speaker 4: be explained by the Fed's monetary policy and the global

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Speaker 4: supply chain crisis provocative, or at least it was at

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Speaker 4: the time, and legacy media totally doubt. Just a few

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Speaker 4: weeks later, on January tenth, twenty twenty two, the Washington

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Speaker 4: Post Editorial Board published an op ed asserting that pinning

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Speaker 4: the current inflation problems on corporate greed is a quote

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Speaker 4: unquote flimsy argument. Other op eds followed, claiming greedflation, as

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Speaker 4: it later became commonly known to be fake, a witch hunt,

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Speaker 4: some even going as far as calling it a conspiracy theory.

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Speaker 7: Flation conspiracy theory is infecting the Democrat Party, and she

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Speaker 7: goes after what she's coining as greedflation, and she's basically

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Speaker 7: saying with the idea of blaming all these companies for

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Speaker 7: raising their prices when all of the prices of everything

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Speaker 7: that goes into what they make has gone up, and

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Speaker 7: they're trying to just keep their heads above water.

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Speaker 5: And in a lot of cases, some of them are

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Speaker 5: doing quite well.

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Speaker 4: Hang on a second, some are doing quite well. Was

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Speaker 4: that a Freudian slipped there? In September of twenty twenty two,

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Speaker 4: The Intercept reported that CEOs of major corporations have been

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Speaker 4: praying for inflation because it's an excuse to jack up prices.

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Speaker 4: And this was all caught on tape.

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Speaker 1: We view a little bit of inflation as always good

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Speaker 1: in our business.

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Speaker 3: We would expect to be able to pass that through.

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Speaker 7: And as I've said before, you know, inflation has been

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Speaker 7: a little bit of our friend in terms of what we.

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Speaker 2: See at reach out pricing.

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Speaker 8: We want to make sure that we're not leaving any

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Speaker 8: pricing on the table. We'll take as much pricing as

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Speaker 8: then sure we can absorb.

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Speaker 4: And we know if we need to take more pricing

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Speaker 4: we have room to do it.

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Speaker 2: Today We've seen no resistance from our customers.

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Speaker 8: I'm really pleased.

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Speaker 2: Our sales teams have gotten much better at pricing than

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Speaker 2: ever in the history of the company.

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Speaker 7: We're not going to be given this pricing back now.

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Speaker 1: It's not a matter can we take.

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Speaker 4: A pricing increase?

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Speaker 1: Now, it's about how much of a price increase? So

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Speaker 1: you're going to take.

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Speaker 4: Inflation is good for business. Inflation is our friend. We

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Speaker 4: will raise prices as much as we can, and we

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Speaker 4: aren't going to give it back. Sounds a lot like

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Speaker 4: corporate manufactured inflation that has nothing to do with global

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Speaker 4: supply chain disruptions or monetary policy. You tell me what

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Speaker 4: you think. It's not exactly secret that in the past

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Speaker 4: couple of years despite constant talks of a recession. Is

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Speaker 4: it already here? Is it six months away? Corporate profits

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Speaker 4: have been at an all time high, and according to

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Speaker 4: data released by the Bureau of Economic Analysis, the past

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Speaker 4: three years from twenty twenty to twenty twenty two saw

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Speaker 4: a dramatic increase in the contribution of corporate profits as

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Speaker 4: a percentage of unit price, while other costs such as

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Speaker 4: employee compensation have decreased. In March of this year, the

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Speaker 4: Economic Policy Institute estimated that between twenty twenty and twenty

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Speaker 4: twenty two, corporate profits have contributed to more than a

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Speaker 4: third of price growth. So how does mainstream media square

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Speaker 4: this circle? How do they continue to do the bidding

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Speaker 4: of their corporate masters while also facing facts that corporations

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Speaker 4: are greedy by nature? I will tell you just a

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Speaker 4: few weeks ago, on May twenty fifth, twenty twenty three,

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Speaker 4: the Wall Street Journal published this article greed inflation is

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Speaker 4: real and probably good for the economy. Ah okay, So

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Speaker 4: this brings us full circle. As Friend of the Show

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Speaker 4: and Intercept reporter Ken Klippenstein aptly pointed out that over

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Speaker 4: the course of a couple of years, the idea that

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Speaker 4: corporate profits contribute to inflation went from a conspiracy theory

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Speaker 4: to real and probably a good thing. The journal claims

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Speaker 4: that quote a bit of corporate greed, which they admit

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Speaker 4: is contributing significantly to inflation, is actually a good thing

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Speaker 4: because it may be helping the fight against recession. A

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Speaker 4: bit of mental gymnastics, they got themselves tied up in

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Speaker 4: a little bit of a not hard to say, but

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Speaker 4: to lay out the message clearly. What they are saying

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Speaker 4: is that inflation from corporate price increases, which so happens

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Speaker 4: to put money in the hands of shareholders, that's actually

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Speaker 4: a good kind of inflation. But in another one of

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Speaker 4: their recent articles, they say that inflation from wage growth,

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Speaker 4: where money is put in the hands of a regular worker,

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Speaker 4: that's a bad kind of inflation that we really need

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Speaker 4: to be worried about. I hope you see the game.

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Speaker 4: The farcical nature of mainstream media covered. It is all

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Speaker 4: propaganda facilitated by the entire legacy media ecosystem on half

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Speaker 4: of their corporate and billionaire owners, who will undoubtedly benefit

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Speaker 4: from such massive increases in corporate profits, all with the

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Speaker 4: goal of maintaining their power and control over you. But

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Speaker 4: we have a choice we can choose to believe in

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Speaker 4: this type of propaganda, or we can refuse such narratives

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Speaker 4: that blame regular people, narratives that are meant to divide

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Speaker 4: the working class, narratives that are designed to indoctrinate you

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Speaker 4: into defending your oppressors. Only then can we potentially change

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Speaker 4: the status quo. Thank you so much for watching. What

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Speaker 4: do you think? Sound off in the comments below. If

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Speaker 4: you enjoy these beyond the headline segments, I would encourage

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Speaker 4: you to check out and subscribe to my YouTube channel

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Speaker 4: fifty one forty nine with James Lee. The link will

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Speaker 4: be in the description below. I'd really appreciate that, and

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Speaker 4: as always, keep on tuning into breaking points and thank

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Speaker 4: you so much for your time today