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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.

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Speaker 3: Good morning, everybody, Happy Thursday. We have an amazing show

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Speaker 3: for everybody today. What do we have, ris soul?

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Speaker 1: Indeed, we do lots of drama to get to you

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Speaker 1: this morning. First of all, developments with regard to the

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Speaker 1: debt sealing. We will tell you what is likely to

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Speaker 1: happen there as best as we can possibly figure as

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Speaker 1: we are coming down to the wire. We also have

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Speaker 1: some big developments with regard to Jeffrey Epstein and one

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Speaker 1: of the banks that was happy to have his business

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Speaker 1: for years and years after he'd already been convicted of

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Speaker 1: being a sex criminal, So we will talk about that

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Speaker 1: as well.

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Speaker 4: And also no Jobski caught in Noo, my man, No,

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Speaker 4: I don't even know.

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Speaker 3: What to say.

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Speaker 2: The book might have to go, Chris, So I'm not

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Speaker 2: so sure. I'm not so sure we could keep that behind.

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Speaker 4: This not a good look. Let's just say that.

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Speaker 1: Also, some really dire numbers with regards to the housing market,

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Speaker 1: and some overall economic news, and actually some news about

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Speaker 1: just how Americans are doing, like at the core of

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Speaker 1: their being that we need to talk through as well. Wholme,

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Speaker 1: Meghan and Harry situation in Manhattan that I just it's

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Speaker 1: like literally the South Park epite.

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Speaker 2: I I've been upset the moment it came out. I said,

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Speaker 2: this is fake, calling them the Duke and Duchess of

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Speaker 2: small At. I'll make you make You can make up

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Speaker 2: your mind for yourself whether you think they're lying or not.

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Speaker 3: I don't think my view is all that.

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Speaker 1: I think it's pretty clear what happened at this point,

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Speaker 1: so we'll give you all those details. Also, there are

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Speaker 1: some rumors about what Fox News is going to do

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Speaker 1: now that they have Pushtucker Carlson out, how they're going

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Speaker 1: to reconfigure their prime time lineup. Also excited to have

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Speaker 1: a political reporter in the show that we haven't had before.

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Speaker 1: Shelby Talcachi is tracking closely run DeSantis versus Donald Trump.

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Speaker 1: So we want to get her report from the campaign

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Speaker 1: trail as well.

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Speaker 2: Old friend of mine, she actually took my job White

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Speaker 2: House correspondent. Oh that's right, A call her before me

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Speaker 2: and now she works over at sea for she's doing

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Speaker 2: a very good job.

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Speaker 3: That's outlet the GOP primary, that's right.

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Speaker 2: And by all accounts, I mean, she's allowed to do

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Speaker 2: what she needs to and she's she's doing a really

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Speaker 2: good job of just like beat to beat about DeSantis

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Speaker 2: and Trump and all that, and so I'm excited to

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Speaker 2: talk to her a little bit about that. So before

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Speaker 2: we get to that, though, we just want to say

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Speaker 2: thank you to everybody who watched the RFK interview.

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Speaker 3: I know that so many of you enjoyed it.

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Speaker 2: I guess my only regret about it is that we

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Speaker 2: didn't have enough time with the man. He unfortunately had

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Speaker 2: to go, But we talked to him about it afterwards, Crystal,

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Speaker 2: and he wants to come back, and we've even discussed

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Speaker 2: doing a town hall event or something of some kind

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Speaker 2: that you can try and organize. So by all accounts,

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Speaker 2: you know, we're happy with how that went, and we

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Speaker 2: want to make sure that we continue to do more

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Speaker 2: of these.

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Speaker 1: Oh, one hundred percent. Yes, really enjoyed the exchange with him.

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Speaker 1: I think we try to cover as much ground as

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Speaker 1: we could the time that he had available. Obviously, he's

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Speaker 1: extraordinarily busy here in DC, so you know, grateful to

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Speaker 1: him for his time, Grateful to you guys for watching

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Speaker 1: engaging with it, and also those of you who signed

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Speaker 1: up as premium subs, super super appreciate that as we

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Speaker 1: are getting very close to having the new set to reveal.

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Speaker 2: Yeah, we really do appreciate all of you, and you know,

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Speaker 2: we're going to have more of these interviews. We're going

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Speaker 2: to in the works right now scheduling Maryanne to come.

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Speaker 2: We're gonna grill her as well, and I think that's

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Speaker 2: something we're committed to. We're gonna grill every single one

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Speaker 2: of them whenever they have here. And I do think

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Speaker 2: in the future we're going to push for a little

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Speaker 2: bit more time in terms of this because, like you know,

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Speaker 2: I really don't like whenever people have to go and

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Speaker 2: all that, but we'll get to that.

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Speaker 1: These are busy folks. Yes, so totally understand. And like

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Speaker 1: I said, I think we got a lot of ground

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Speaker 1: covered with him in the time that we had available. Absolutely,

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Speaker 1: super grateful for him for taking the.

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Speaker 2: Time, and thanks for everybody who signed up. And if

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Speaker 2: you want to continue support our ability to.

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Speaker 3: Do that town hall events, new sets, all of that.

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Speaker 2: It's very expensive, so we appreciate you breakingpoints dot com

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Speaker 2: to become a premium describer today.

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Speaker 1: All right, let's get to the very latest with regard

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Speaker 1: to the debt sealing. Just as backdrop here again, guys,

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Speaker 1: we have this really weird and incredibly stupid system where

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Speaker 1: Congress votes to spend money and then weirdly, they have

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Speaker 1: this separate vote about whether or not they're actually going

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Speaker 1: to borrow enough to pay those bills down the line.

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Speaker 1: Republicans in particular have decided to use this as a

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Speaker 1: point of leverage try to get through things that they

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Speaker 1: otherwise could not get passed through the Congress. And so

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Speaker 1: now we are coming to a head here. By some accounts,

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Speaker 1: June first is kind of the drop dead date we

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Speaker 1: are going to go through in a moment if we

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Speaker 1: do breach the debt ceiling. What does the potential fallout?

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Speaker 1: I mean, the big takeaway is nobody really knows, but

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Speaker 1: it looks like it would be really really bad, And

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Speaker 1: obviously it is now May eighteenth, So we are inching

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Speaker 1: very close to that deadline. Joe Biden's original consistent stance

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Speaker 1: had been not going to negotiate it clean debt ceiling

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Speaker 1: that I'll accept, not going to negotiate with the hostage takers. Well,

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Speaker 1: now he has gone back on what was previously a

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Speaker 1: very clear position. He is in fact negotiating with the

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Speaker 1: stage takers, although he's trying to parse and pretend like

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Speaker 1: he's not. Here's how he is framing things and what

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Speaker 1: he is saying.

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Speaker 5: We're going to come together because there's no alternative to

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Speaker 5: do the right thing for the country. We have to

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Speaker 5: move on. And to be clear, this negotiation is about

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Speaker 5: the outlines of what the budget will look like, not

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Speaker 5: about whether or not we're going to infect para debts.

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Speaker 5: The leaders are all agreed we will not default. Every

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Speaker 5: leader has said that.

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Speaker 1: Well, so all have agreed we will not default.

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Speaker 3: I don't know we'll see it.

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Speaker 4: I don't know that, yeah exactly.

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Speaker 1: And then you can see how he's trying to parse.

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Speaker 1: He or trying to say, oh, we're not really negotiating

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Speaker 1: on the debt ceiling. We're talking about the budget. This

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Speaker 1: is all just word games. They are negotiating on the

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Speaker 1: debt ceiling, something that you know, I'll talk a little

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Speaker 1: bit more about in a moment. I think is a

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Speaker 1: dramatic mistake because what does this mean? Even putting aside

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Speaker 1: whether you think the GOP demands are good or bad

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Speaker 1: or indifferent or whatever. The minute you give into this,

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Speaker 1: people guess what. Every time this vote comes up, the

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Speaker 1: whole global economy is gonna be held hostage again by

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Speaker 1: you know, whoever wants to gain an edge and get

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Speaker 1: something through that they could not get through the legislative process.

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Speaker 2: Yeah, I mean, I think people need This is also why,

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Speaker 2: though I will say Chris, I was actually very frustrated

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Speaker 2: several months ago because I'm like, listen, you're gonna negotiate.

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Speaker 2: There's no question about it, Like there is no getting

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Speaker 2: around this, But where.

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Speaker 1: Is getting around it? Like there are other options. There

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Speaker 1: are multiple other workarounds. There is a fourteenth Amendment workaround

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Speaker 1: what Constitution says like the debt shall.

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Speaker 4: Not be questioned.

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Speaker 1: You could pursue that, you could mint the coin. There's

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Speaker 1: another alternative where you can issue premium bonds.

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Speaker 4: So there are other workarounds.

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Speaker 1: Otherwise, God, we're just going to go back to this

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Speaker 1: same dynamic year after year after year, every time there's

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Speaker 1: a Democratic president and Republicans have one or the other

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Speaker 1: House recires.

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Speaker 2: I meant within the framework that the Biden jugs Joe Biden, Yes, Rich,

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Speaker 2: I will say, okay, look on the fourteenth Amendment. So

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Speaker 2: I've done a decent amount of research now and I'm

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Speaker 2: not even saying that these aren't feasible. Same with mint

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Speaker 2: the coin, A lot of it actually does come down

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Speaker 2: to whether the market would accept it. So I guess

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Speaker 2: we could talk a little bit about that in terms

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Speaker 2: of what a breach would look, but you could technically

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Speaker 2: mint the coin, and even if the Federal Reserve were

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Speaker 2: to accept the coin, and we let that actually is

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Speaker 2: not a given, there's actually no guarantee that the markets

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Speaker 2: would look at that as a genuine debt ceiling left.

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Speaker 2: So part of the problem is, you know, so much

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Speaker 2: of our feelings around debt are feelings, and they are

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Speaker 2: backed not necessarily by the technical raising of the debt ceiling,

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Speaker 2: but by everybody just kind of walking around and just

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Speaker 2: being like, yeah, the full faith in credit of the

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Speaker 2: United States, it's good, We're cool with it. When that

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Speaker 2: starts to come into question, even with the fourteenth Amendment,

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Speaker 2: the debt ceiling, the premium bonds. As you said, that uncertainty,

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Speaker 2: you're still looking likely looking at a crash. I mean,

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Speaker 2: it's just one of those where it's a very complicated situation.

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Speaker 2: So I also don't want to take responsibility away from

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Speaker 2: the Republicans because I think we should all be honest

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Speaker 2: about what they are asking for. And they have decided

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Speaker 2: that they want to cut spending and return spending levels

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Speaker 2: to six months ago.

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Speaker 3: When you put it that way, okay, it sounds reasonable.

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Speaker 2: But one of the ways that they want to cut

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Speaker 2: spending almost entirely is they don't want to touch the

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Speaker 2: military budget at all. They don't want to touch any

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Speaker 2: DoD spending or Ukraine spending. They don't want to touch

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Speaker 2: entitlement programs. Well, you just took off the two vast

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Speaker 2: portions of the entire federal expenditure. So what is left, Well,

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Speaker 2: what's left are effectively, you know, you have food stamp programs.

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Speaker 2: They've talked about welfare, They've talked about rescinding some of

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Speaker 2: the IRS money. I mean, I personally have a problem

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Speaker 2: with some of that, but they do have want to

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Speaker 2: rescind some of the money taken within the Inflation Reduction Act,

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Speaker 2: some of which has already been spent, some future tax credits.

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Speaker 2: And my other problem with it is they also don't

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Speaker 2: want to raise any taxes. There are actually ten different

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Speaker 2: tax loopholes that have could easily be closed.

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Speaker 3: We've talked about each.

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Speaker 2: One of them on the show Ad nauseum, the private

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Speaker 2: equity loophole, the carried interest sloop hole, step up basis loophole.

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Speaker 3: There are several other corporate loopholes.

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Speaker 2: None of these would ever touch anybody who is including

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Speaker 2: people at this desk, because it has nothing to do

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Speaker 2: with small business or middle clad. This is all corporate

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Speaker 2: or extremely high net worth individuals, which could raise billions

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Speaker 2: of dollars, and they've taken that off the tables. I

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Speaker 2: want to be very I want to lay out exactly

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Speaker 2: what the conversation.

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Speaker 4: Here I mean.

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Speaker 1: In a sense, like I said, I don't really care

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Speaker 1: what their demands are because I think the whole thing

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Speaker 1: is economic terrorism, and so even if what they were

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Speaker 1: saying was totally reasonable, as a matter of principle, I

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Speaker 1: don't think you should negotiate. But the details matter for

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Speaker 1: another reason, which is that it really shows how disingenuous

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Speaker 1: they are about actually caring about the debt. First of all,

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Speaker 1: there is no sign in the markets that we have

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Speaker 1: any sort of looming debt issue. Up until very recently

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Speaker 1: when the Fed started hiking rates, interest rates have been

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Speaker 1: incredibly low. The market has been very stable in terms

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Speaker 1: of treasury bonds. Like, there's no indication out there that

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Speaker 1: we have this looming debt crisis we have to deal with.

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Speaker 1: That's number one. Number two, if you were genuinely concerned

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Speaker 1: about the debt, guess what you would put on the

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Speaker 1: table the freaking Trump tax cuts for the top one percent.

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Speaker 1: You could keep whatever little pit pitdling, you know, pennies

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Speaker 1: they gave to like the middle class and the working

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Speaker 1: class line, keep that in there. Roll back the ones

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Speaker 1: that dramatically benefited Corporate America that they used to engage

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Speaker 1: in all their stock buybacks, that added massively to our dad,

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Speaker 1: that put a gigantic hole in our budget. Like, if

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Speaker 1: you actually cared about these things, that would be on

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Speaker 1: the table. And of course they're not interested in that.

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Speaker 1: They're not interested in a tax conversation whatsoever, because this

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Speaker 1: is an ideological project, and it's a specifically an ideological

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Speaker 1: project to appease one part of the Republican caucus that

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Speaker 1: you know, extracted their pound of flesh from Kevin McCarthy

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Speaker 1: in order to for him to get his speakership. Let's

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Speaker 1: go and put this next piece from Axios up on

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Speaker 1: the screen that has some of these details. So they're

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Speaker 1: talking about how McCarthy called Biden's bluff as you were

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Speaker 1: pointing out sober Biden being a you know, weakned institutionalist. Unfortunately,

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Speaker 1: the writing was kind of on the wall that ultimately

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Speaker 1: he would cave and he would negotiate. That's exactly what

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Speaker 1: is happening now. They say efforts to peel off vulnerable

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Speaker 1: House Republicans failed. None openly opposed mccarthy'strivelege of tying spending

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Speaker 1: cuts to a debt ceiling hike. House Rules Committee Chair

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Speaker 1: Tom Cole told Axios their negotiating now, and they weren't

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Speaker 1: doing it before.

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Speaker 4: So again he caved.

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Speaker 1: Now the cope here from the Biden side, and this

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Speaker 1: is the politics that come into this. They say, if

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Speaker 1: Biden conceded to direct one on one negotiations, McCarthy is

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Speaker 1: prepared to give ground as well. He's open to a

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Speaker 1: deal that lifts the debt ceiling until twenty twenty five

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Speaker 1: beyond the next election.

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Speaker 4: And there it is.

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Speaker 1: I mean, that's the real trump card that the Republicans have,

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Speaker 1: is they can hold out to him like, we'll make

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Speaker 1: these economic problems for you go away. All you have

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Speaker 1: to do is like throw poor people under the bus, basically,

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Speaker 1: and we'll make this go away until after the next

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Speaker 1: election so that we don't have some sort of global

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Speaker 1: financial catastrophe that is going to hurt you in your

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Speaker 1: re elect bid.

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Speaker 4: And so that's what this comes down to.

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Speaker 3: And he actually spoke a little bitbout on CNBC yesterday.

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Speaker 3: Let's take a listen.

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Speaker 6: So first of all, there is not going to be

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Speaker 6: a tax discussion in this debt seiling. The President admitted

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Speaker 6: debt yesterday at the beginning, less curve what we were spending,

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Speaker 6: less than we spent last year, go back five months.

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Speaker 6: Let's put in things that make us grow, right, permitting reform,

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Speaker 6: cut the red tape if you like, renewable energy, be

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Speaker 6: able to get the permit to do it, build the roads,

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Speaker 6: but also the other energy we talked about. Let's help

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Speaker 6: people get jobs again, let's be less dependent upon China.

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Speaker 3: I think that's reasonable.

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Speaker 6: And sensible, but I didn't think it was reasonable that

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Speaker 6: I had to wait one hundred and four days till

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Speaker 6: they finally admit they'd come into the room and negotiate.

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Speaker 2: I actually do agree with them on permitting reform, but

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Speaker 2: on the rest of it, that's always the issue, which

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Speaker 2: is it sounds reasonable and then you start looking at

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Speaker 2: what's actually being cut. That's why I wanted to lay

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Speaker 2: it out for people. You know, listen, if you do

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Speaker 2: care about the debt, and there are reasons that you

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Speaker 2: you know, maybe should or maybe shouldn't, and there it's

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Speaker 2: a multifaceted conversation. But if you would then some there

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Speaker 2: are many other things that should be on the table.

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Speaker 2: As he said, he doesn't want to have a tax conversation.

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Speaker 2: And you know, most Republicans are not against raising taxes

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Speaker 2: on corporations or on closing tax loopholes for the financial industry.

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Speaker 2: Regular Republican we're talking about actual Republican vote elected. Well,

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Speaker 2: there's a dreams of polling on this, Like Republicans don't

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Speaker 2: want to touch entitlements, and they don't have any problem

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Speaker 2: with raising taxes on corporations and specifically on wealthy tax

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Speaker 2: loopholes that only benefit financial billionaires.

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Speaker 3: There are many.

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Speaker 2: I mean, this is almost where it's like just turn

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Speaker 2: it into a culture war thing and be like George.

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Speaker 3: Sorrows and all other people, let's tax them. I'd be like, okay,

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Speaker 3: let's go.

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Speaker 2: Yeah, yeah, that's actually these esg terrorists, which kind of

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Speaker 2: true should pay taxes.

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Speaker 3: Okay, you know, let's let's go. There's a lot of

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Speaker 3: different ways.

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Speaker 2: So this is always why I just find the conversation

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Speaker 2: very difficult. And you know, look in terms of the

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Speaker 2: dead ceiling and all that, as you said, I mean,

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Speaker 2: just I think I come back to this. I think

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Speaker 2: hardcore Republicans are going to be with them no matter what.

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Speaker 2: They like a fighter. They like somebody who's going to fight.

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Speaker 2: The question remains, are people really like when they hear

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Speaker 2: and understand, let's say your four oh one K drops

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Speaker 2: by twenty five percent, and they're like, wait, we're doing

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Speaker 2: this for for for work reform, work requirements in the

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Speaker 2: food stamp program, regardless of how you feel or not

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Speaker 2: about that, Like do you feel enough about that to

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Speaker 2: have your retirement portfolio go down by twenty.

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Speaker 4: Five the entire global economy or.

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Speaker 3: You know, this is another one.

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Speaker 2: So let's say that the last time twenty eleven we

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Speaker 2: didn't even go over the debt ceiling, we still had

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Speaker 2: our debt downgraded, that had significant ramifications for pension funds

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Speaker 2: and for t bills, and a lot of it was

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Speaker 2: erase the problems for that by very very low interest

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Speaker 2: rates and the zero interst rate economy. Well, we don't

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Speaker 2: live in that environment anymore, so this actually could only

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Speaker 2: further propel us into a recession. Now cynically, though, I mean,

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Speaker 2: this is kind of exactly what you want if you

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Speaker 2: are a Republican, like if you are politically and cynically,

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Speaker 2: at the end of the day, Crystal, I do believe

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Speaker 2: that in the short term, while it would not be

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Speaker 2: good for the Republican Party and they may suffer some

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Speaker 2: cost overall, that in the net, having a worse off

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Speaker 2: economy is going to be worse off for Joe Bidens

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Speaker 2: whenever he becomes present.

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Speaker 1: Absolutely psychopathic way for them to look at this, I

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Speaker 1: agree with you. That's not named to you, that's not

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Speaker 1: to them. I mean, that is psychopathic for them to

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Speaker 1: look at it that way. But I think you're right,

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Speaker 1: that is the gamble that they're taking because they're playing

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Speaker 1: with people's lives here, and so in terms of the

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Speaker 1: mechanics of how this is going to work, there's been

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Speaker 1: a lot of happy talk in DC this week about oh,

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Speaker 1: they're going to come to a deal. Maybe, maybe, but

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Speaker 1: there's still a long way to go before that actually

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Speaker 1: comes together, because you have Democrats who are pissed off,

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Speaker 1: Progressives who are pissed off with this up on the

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Speaker 1: screen from Jeff Stein. You've got a number of Senate

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Speaker 1: Democrats in particular, including Elizabeth Warren, Bernie Sanders, and others,

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Speaker 1: who just sent a letter urging Biden to prep that

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Speaker 1: Fourteenth Amendment solution again, the fourteenth Amendment saying that the

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Speaker 1: validity of the public debt of the United States shall

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Speaker 1: not be questioned. Because keep in mind here, what is

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Speaker 1: basically happening is Congress is sending the president to conflicting

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Speaker 1: sets of instructions. One set of instruction says, spend this money,

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Speaker 1: and the other says, don't do what you need to

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Speaker 1: do to be able to spend this money. So the

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Speaker 1: basic constitutional argument here is you've got the fourteenth Amendment,

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Speaker 1: which says the debt shall not be questioned, take it

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Speaker 1: to the courts and let the Supreme Court make the

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Speaker 1: call as to whether they want to be the ones

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Speaker 1: that crash the economy. And even though the Court, you know,

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Speaker 1: very partisan institution, but it's not clear that you would

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Speaker 1: have all of the conservatives like committed to the potential

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Speaker 1: chaos that could be unleashed by taking that perspective.

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Speaker 4: So progressives are pissed.

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Speaker 1: You increasingly getting strong words from them about their upset

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Speaker 1: about what the White House is putting on the table,

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Speaker 1: the work requirements, the fact that Biden's been opener work

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Speaker 1: requirements on any of this stuff, the fact that he

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Speaker 1: caved and is negotiating. You're getting an increasing upset there.

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Speaker 1: So that's the Democratic side in some ways, though even

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Speaker 1: more seriously on the Republican side, there were some pretty

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Speaker 1: stringent demands made from the furthest right part of the caucus,

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Speaker 1: and it's not at all clear that whatever do you

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Speaker 1: Biden and McCarthy would make would be acceptable to the

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Speaker 1: Republican entirety of the Republican Caucus. So there's still even

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Speaker 1: though there was a lot of happy talk in Washington

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Speaker 1: this week about oh, we think they're getting close and

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Speaker 1: we think there may be a deal, I'm still skeptical

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Speaker 1: that that is really going to ultimately come together, because

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Speaker 1: it's not just up. If it was just Joe Biden

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Speaker 1: and Kevin McCarthy, Almos said John Bayner, my god, PTSD,

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Speaker 1: If it was just Joe Bien Kevin McCarthy, Yes, I

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Speaker 1: think they could probably come up with something that both

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Speaker 1: of them would be comfortable with because they're both basically institutionalists,

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Speaker 1: they're both basically quote unquote moderates. But when you add

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Speaker 1: in all these other factors, it makes it a lot

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Speaker 1: more complicated to actually get to the finish line here.

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Speaker 4: So I think, you know.

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Speaker 1: All of the sort of solutions, the workarounds, all those

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Speaker 1: things are in sense still on the table, even as

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Speaker 1: I have a little confidence that Joe Biden really has

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Speaker 1: the spine to pursue any of them.

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Speaker 7: Yeah.

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Speaker 2: My thing is, I am increasingly believe that we are

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Speaker 2: going to default, at least in some name only, and

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Speaker 2: that only after that where we see some sort of deal.

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Speaker 3: This part of what I was talking about.

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Speaker 2: So I think June one, the likelihood of having a

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Speaker 2: deal between McCarthy and Biden which is acceptable to Democrats

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Speaker 2: in the Senate and Republicans in the House just seems

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Speaker 2: like zero and remember this also McCarthy has what twenty

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Speaker 2: something votes or whatever to play with. Well, it's not

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Speaker 2: like they have all that many votes on the Democratic

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Speaker 2: side to actually get this through. There are many Republicans

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Speaker 2: who may not even vote to advance the debt ceiling

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Speaker 2: deal out of Congress, out of the Senate for a cloture.

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Speaker 2: So you have to put that, you know, in the

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Speaker 2: Senate and think about where that comes from. But then

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Speaker 2: you have the House of Representatives. Then there's a flipping

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Speaker 2: where there's also a clean debt ceiling which is on

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Speaker 2: the floor for the House of Representatives, and they the Democrats,

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Speaker 2: only need five Republicans to sign on for them.

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Speaker 3: So I actually think there.

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Speaker 2: Could be a likelihood that we get to June one

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Speaker 2: and people are like the markets crash, that's the only

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Speaker 2: let's be honest, you know, until Wall Street gets mad,

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Speaker 2: that's they don't care.

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Speaker 3: They don't care.

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Speaker 2: So the Marcus crash, the hedge fund managers and everybody,

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Speaker 2: and the banks.

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Speaker 3: All blow up the phones.

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Speaker 2: And it's certainly possible, given to discharge petition and more,

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Speaker 2: that they were able to get a clean debt ceiling

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Speaker 2: through because five moderate ish Republicans are like you know what,

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Speaker 2: I don't want to deal with this. Let's kick it

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Speaker 2: down the road for a month or something like that.

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Speaker 2: Then it would go to the Senate. But then there's

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Speaker 2: no guarantee that the Senate of the Republicans would vote

439
00:19:21,480 --> 00:19:23,600
Speaker 2: for that. So I'm looking at this on both sides,

440
00:19:23,600 --> 00:19:27,160
Speaker 2: and I just see tremendous amounts of uncertainty. Is it possible,

441
00:19:27,240 --> 00:19:29,920
Speaker 2: I don't know, but I don't think that the impetus

442
00:19:29,960 --> 00:19:35,080
Speaker 2: for forcing negotiating power right now is there enough. There

443
00:19:35,160 --> 00:19:37,240
Speaker 2: has to be a crash of some kind for people

444
00:19:37,280 --> 00:19:39,800
Speaker 2: to get serious. I don't say this, but you know,

445
00:19:39,840 --> 00:19:42,200
Speaker 2: I don't want there to be a brass but I

446
00:19:42,320 --> 00:19:45,960
Speaker 2: really don't believe that they will genuinely do anything both

447
00:19:45,960 --> 00:19:48,160
Speaker 2: sides right. There's no way that Elizabeth Warren and John

448
00:19:48,160 --> 00:19:50,240
Speaker 2: Fetterman and all these people are going to vote for

449
00:19:50,280 --> 00:19:53,600
Speaker 2: work requirements unless there's a massive crash. There's also no

450
00:19:53,680 --> 00:19:56,400
Speaker 2: way that a lot of these spending people who are

451
00:19:56,440 --> 00:19:58,560
Speaker 2: like I want to cut the Department of Education. I'm

452
00:19:58,600 --> 00:20:00,600
Speaker 2: not going to vote for anything until that goes through.

453
00:20:00,640 --> 00:20:02,639
Speaker 2: There's no way they're going to vote until unless we

454
00:20:02,680 --> 00:20:04,040
Speaker 2: have a large crash either.

455
00:20:04,119 --> 00:20:06,320
Speaker 1: I mean, there's a few Republicans in the House who

456
00:20:06,320 --> 00:20:08,520
Speaker 1: are like, I'm not voting for a debt ceiling increase.

457
00:20:08,240 --> 00:20:11,160
Speaker 4: At all, right, exactly, So it just just to show you,

458
00:20:11,240 --> 00:20:13,480
Speaker 4: like the polarity of the views here.

459
00:20:13,520 --> 00:20:15,720
Speaker 1: So just to type this part of the conversation before

460
00:20:15,760 --> 00:20:19,680
Speaker 1: we get to all right, what could happen theoretically if

461
00:20:19,680 --> 00:20:22,239
Speaker 1: we do breach the debt ceiling, especially for some kind

462
00:20:22,280 --> 00:20:26,600
Speaker 1: of extended period of time. The basic paths that are

463
00:20:26,680 --> 00:20:29,560
Speaker 1: available right now is they are able to strike some

464
00:20:29,640 --> 00:20:32,640
Speaker 1: kind of a deal that is acceptable to enough Republicans

465
00:20:32,680 --> 00:20:34,960
Speaker 1: and enough Democrats in the House and the Senate in

466
00:20:35,080 --> 00:20:38,560
Speaker 1: order for it to actually get through. That is one

467
00:20:38,800 --> 00:20:41,880
Speaker 1: potential outcome, and I think we've laid out how dicey

468
00:20:42,280 --> 00:20:45,720
Speaker 1: a prospect that is, there's what you were referring to, Sager,

469
00:20:45,800 --> 00:20:49,440
Speaker 1: this idea of a discharge petition, which is there is

470
00:20:49,520 --> 00:20:53,280
Speaker 1: a sort of ourcane legislative procedure that if you have

471
00:20:53,440 --> 00:20:57,000
Speaker 1: a majority of members of the House sign on to it,

472
00:20:57,320 --> 00:21:01,160
Speaker 1: you can bring something onto the floor without from House

473
00:21:01,160 --> 00:21:02,520
Speaker 1: Speaker Kevin McCarthy.

474
00:21:03,080 --> 00:21:04,200
Speaker 4: So that's where you're talking about.

475
00:21:04,200 --> 00:21:06,600
Speaker 1: If you could get five Republicans to join with all

476
00:21:06,680 --> 00:21:09,800
Speaker 1: the Democrats on a clean debt ceiling increase through a

477
00:21:09,840 --> 00:21:13,960
Speaker 1: discharge petition. That is another potential alternative. As you're laying out,

478
00:21:14,040 --> 00:21:16,080
Speaker 1: in some ways, the bigger barrier there is the Senate,

479
00:21:16,119 --> 00:21:18,080
Speaker 1: because you have to get sixty votes in the Senate

480
00:21:18,400 --> 00:21:20,399
Speaker 1: still for that thing to go through. So that's the

481
00:21:20,440 --> 00:21:24,600
Speaker 1: discharge petition, and then you have this raft of workarounds.

482
00:21:24,600 --> 00:21:26,520
Speaker 1: I think the fourteenth Amendment one is the one that

483
00:21:26,520 --> 00:21:30,840
Speaker 1: seems to be considered most most sort of seriously within

484
00:21:31,000 --> 00:21:33,560
Speaker 1: the White House, even though they have expressed to Jefstin

485
00:21:33,680 --> 00:21:36,880
Speaker 1: and others that they're very skeptical of that as well,

486
00:21:36,920 --> 00:21:38,719
Speaker 1: and they're nervous about what it would mean. There are

487
00:21:38,760 --> 00:21:41,280
Speaker 1: other work errounds that are sort of gimmicky, like the mint,

488
00:21:41,320 --> 00:21:43,879
Speaker 1: the coin and other directions they could go there. So

489
00:21:43,920 --> 00:21:46,280
Speaker 1: we'll put that all in the basket of different workarounds.

490
00:21:46,840 --> 00:21:50,720
Speaker 1: And at this point, you know, I can make a

491
00:21:50,800 --> 00:21:53,600
Speaker 1: case against each one of those very clearly, and it's

492
00:21:53,640 --> 00:21:56,160
Speaker 1: hard for me to make an affirmative case for any

493
00:21:56,240 --> 00:21:58,840
Speaker 1: one of them because they all have major risk challenges

494
00:21:58,880 --> 00:22:01,199
Speaker 1: and political you know, uncertainty.

495
00:22:01,359 --> 00:22:03,320
Speaker 4: So that's kind of where we stand with things.

496
00:22:03,359 --> 00:22:04,679
Speaker 2: No, I think you're right. I think we should just

497
00:22:04,680 --> 00:22:06,920
Speaker 2: tell people like, what's going to happen, what's possible?

498
00:22:07,040 --> 00:22:09,600
Speaker 1: Yeah, yeah, those are all the scenarios. Okay, So let's

499
00:22:09,640 --> 00:22:12,280
Speaker 1: talk about if they are unable to come to a

500
00:22:12,320 --> 00:22:17,080
Speaker 1: deal and the Biden administration doesn't employ one of these workarounds,

501
00:22:17,119 --> 00:22:20,200
Speaker 1: and we do, in fact breach the debt ceiling, what.

502
00:22:20,280 --> 00:22:21,439
Speaker 4: Is this going to look like?

503
00:22:21,640 --> 00:22:24,399
Speaker 1: And the truth of the matter is nobody really knows,

504
00:22:24,600 --> 00:22:27,679
Speaker 1: because even though we technically breached it before, you know,

505
00:22:27,720 --> 00:22:30,040
Speaker 1: there was a resolution quickly enough that we didn't get

506
00:22:30,080 --> 00:22:32,479
Speaker 1: to some of the most dire scenarios. Although even in

507
00:22:32,480 --> 00:22:35,800
Speaker 1: that scenario those back in twenty eleven, we lost trillions

508
00:22:35,840 --> 00:22:38,879
Speaker 1: of dollars in household wealth just from that brief breach

509
00:22:39,040 --> 00:22:40,840
Speaker 1: of the debt ceiling. So it shows you there could

510
00:22:40,840 --> 00:22:43,520
Speaker 1: be tremendous consequences. Here go and put this up on

511
00:22:43,560 --> 00:22:46,720
Speaker 1: the screen from the Washington Post. The headline here is

512
00:22:46,840 --> 00:22:51,439
Speaker 1: seven doomsday scenarios if the US crashes through the debt ceiling.

513
00:22:51,440 --> 00:22:53,240
Speaker 1: This was written up by Jeff Stein.

514
00:22:54,080 --> 00:22:54,720
Speaker 4: Just at the top.

515
00:22:54,800 --> 00:22:57,600
Speaker 1: You know, they've got quotes from a few economists saying

516
00:22:57,880 --> 00:23:00,400
Speaker 1: Mark Zandi, a chief economist at Moody's, says it would

517
00:23:00,440 --> 00:23:03,199
Speaker 1: be a lethal combination, you can see how this thing

518
00:23:03,280 --> 00:23:07,399
Speaker 1: could really metastasize and take down the entire financial system,

519
00:23:07,400 --> 00:23:10,080
Speaker 1: which would ultimately take out the economy. I've seen many

520
00:23:10,119 --> 00:23:12,560
Speaker 1: other economists say this could be way worse than the

521
00:23:12,560 --> 00:23:15,760
Speaker 1: two thousand and eight financial crash if allowed to fester

522
00:23:15,880 --> 00:23:18,960
Speaker 1: firs sufficient period of time. So going through the seven

523
00:23:19,040 --> 00:23:21,159
Speaker 1: scenarios here, I mean number one, the first thing that

524
00:23:21,160 --> 00:23:24,600
Speaker 1: would probably happen as stocks would crash, and you have

525
00:23:24,960 --> 00:23:28,719
Speaker 1: estimates that stock prices could fall by roughly one fifth,

526
00:23:29,280 --> 00:23:33,199
Speaker 1: that's from Moody's analytics. You would have stocks plummeting on

527
00:23:33,240 --> 00:23:37,200
Speaker 1: the expectation of a wider economic downturn. Interest rates would rise,

528
00:23:37,240 --> 00:23:39,520
Speaker 1: investors would pull funds out of the market to preserve

529
00:23:39,560 --> 00:23:43,879
Speaker 1: their access to short term cash, and that piece, I

530
00:23:43,880 --> 00:23:46,359
Speaker 1: think is pretty clear that you would have a rather

531
00:23:46,400 --> 00:23:49,560
Speaker 1: instantaneous stock crash. And you know, we did see sager

532
00:23:49,600 --> 00:23:53,520
Speaker 1: previously in the when there was the coronavirus crash, which

533
00:23:53,600 --> 00:23:56,520
Speaker 1: was so brief that people like apparently forgot that it

534
00:23:56,600 --> 00:23:58,600
Speaker 1: even happened. And by people, I mean like elites who

535
00:23:58,600 --> 00:24:02,160
Speaker 1: weren't paying that close of attention because it galvanized forces

536
00:24:02,200 --> 00:24:05,159
Speaker 1: in Washington actually act. So it is possible if you

537
00:24:05,200 --> 00:24:07,040
Speaker 1: had stocks fall off a cliff, then maybe people will

538
00:24:07,080 --> 00:24:09,080
Speaker 1: get their act together at that point and get something done.

539
00:24:09,160 --> 00:24:09,360
Speaker 3: Yeah.

540
00:24:09,400 --> 00:24:11,679
Speaker 2: I mean, looking at all of these stocks crashing is

541
00:24:11,720 --> 00:24:15,440
Speaker 2: obviously going to force that couldn't be everything. The sudden recession.

542
00:24:15,720 --> 00:24:18,720
Speaker 2: Federal workers in limbo, I don't think. I'm not saying

543
00:24:18,720 --> 00:24:20,400
Speaker 2: they don't matter, but I am saying I don't think

544
00:24:20,400 --> 00:24:21,800
Speaker 2: a lot of people are going to care. Well.

545
00:24:22,400 --> 00:24:24,120
Speaker 1: I don't want to just write that one off, because

546
00:24:24,160 --> 00:24:27,040
Speaker 1: you are talking about US military personnel, We're talking about

547
00:24:27,040 --> 00:24:30,880
Speaker 1: air traffic controllers, we're talking about food safety inspectors. Federal

548
00:24:30,960 --> 00:24:33,880
Speaker 1: Garment is the largest employer in the whole country. True,

549
00:24:34,000 --> 00:24:37,240
Speaker 1: so that's not enoughing to wave off. And of course

550
00:24:37,640 --> 00:24:40,520
Speaker 1: when you have the largest employer in the whole country basically,

551
00:24:40,640 --> 00:24:44,960
Speaker 1: like you know, not paying their workers, then that obviously

552
00:24:44,960 --> 00:24:47,159
Speaker 1: feeds into much broader economic issues.

553
00:24:47,200 --> 00:24:48,359
Speaker 4: With regard to the instant.

554
00:24:48,080 --> 00:24:50,240
Speaker 2: Recess, the one that really hit me was the Social

555
00:24:50,280 --> 00:24:53,080
Speaker 2: Security so who said that it's possible that we could

556
00:24:53,080 --> 00:24:55,879
Speaker 2: reach a point where sixty million people who get monthly

557
00:24:55,920 --> 00:24:59,200
Speaker 2: Social Security payments would not be getting some of their payments.

558
00:24:59,200 --> 00:25:02,280
Speaker 2: In addition to federal reimbursement for Medicare. I was like,

559
00:25:02,400 --> 00:25:07,200
Speaker 2: that is one which actually would really change things. Now,

560
00:25:07,320 --> 00:25:10,040
Speaker 2: some Republicans have said that the government actually can continue

561
00:25:10,040 --> 00:25:12,720
Speaker 2: to make these payments, but some budget experts are skeptical

562
00:25:12,720 --> 00:25:14,880
Speaker 2: of the Treasury Department will have the ability. The other

563
00:25:14,920 --> 00:25:17,200
Speaker 2: thing is cynically, if the Republicans are like, no, you can,

564
00:25:17,280 --> 00:25:19,199
Speaker 2: and the treasury departments are like, no, we can, it's like, well,

565
00:25:19,200 --> 00:25:21,360
Speaker 2: who has the authority to pay the Treasury Department? Right,

566
00:25:21,400 --> 00:25:22,920
Speaker 2: so they may do it just to try and force

567
00:25:22,960 --> 00:25:25,359
Speaker 2: the hand of somebody. Let's all be honest, like nobody

568
00:25:25,359 --> 00:25:28,480
Speaker 2: really knows how and what to do. Because what happens

569
00:25:28,600 --> 00:25:31,159
Speaker 2: is the Treasury Department will still have incoming revenues. All

570
00:25:31,200 --> 00:25:33,919
Speaker 2: of us will continue to pay taxes business owners. You know,

571
00:25:33,960 --> 00:25:36,080
Speaker 2: we have to pay on a quarterly basis or whatever,

572
00:25:36,160 --> 00:25:39,000
Speaker 2: so we'll pay our quarterly tax estimate. Well, they can

573
00:25:39,200 --> 00:25:42,520
Speaker 2: use that money coming in because it's non congressionally appropriated.

574
00:25:42,560 --> 00:25:45,280
Speaker 2: So then they though have to go and decide what

575
00:25:45,400 --> 00:25:47,600
Speaker 2: to spend it on. But that itself comes to a

576
00:25:47,600 --> 00:25:50,879
Speaker 2: constitutional question of like you shouldn't be making decisions about

577
00:25:50,880 --> 00:25:51,879
Speaker 2: what to spend and whatnot.

578
00:25:51,960 --> 00:25:54,280
Speaker 3: So it's yeah, it is complicated.

579
00:25:53,840 --> 00:25:56,679
Speaker 1: Right, And also you know, think about this choice that

580
00:25:56,720 --> 00:26:00,040
Speaker 1: they would be making. Are you going to pay the

581
00:26:00,080 --> 00:26:05,600
Speaker 1: holders over like the seniors who which is social Security?

582
00:26:05,680 --> 00:26:07,919
Speaker 1: Of course that's what Wall Street wants one hundred percent.

583
00:26:08,840 --> 00:26:11,400
Speaker 1: And you know, to make the other side of this,

584
00:26:11,600 --> 00:26:13,600
Speaker 1: there are Republicans who say, oh, we've gone through we

585
00:26:13,680 --> 00:26:16,520
Speaker 1: prioritize how we'd make the payments, so you know, it

586
00:26:16,560 --> 00:26:19,560
Speaker 1: wouldn't be as dire as what you're laying out. But again,

587
00:26:19,680 --> 00:26:23,720
Speaker 1: this is all completely uncharted territory, and so there's a

588
00:26:23,720 --> 00:26:26,720
Speaker 1: lot of skepticism that, however, it's like billions of payments

589
00:26:27,040 --> 00:26:29,520
Speaker 1: have to go on from the federal government that do

590
00:26:29,520 --> 00:26:31,679
Speaker 1: you really trust the federal government to be able to

591
00:26:31,680 --> 00:26:34,440
Speaker 1: accurately like prioritize those in a way that everybody is

592
00:26:34,480 --> 00:26:37,440
Speaker 1: going to find acceptable. Very likely they would privilege Wall

593
00:26:37,440 --> 00:26:41,960
Speaker 1: Street over like veterans, seniors, et cetera. So so yeah,

594
00:26:42,000 --> 00:26:44,400
Speaker 1: I think that's a really important one, and this could

595
00:26:44,400 --> 00:26:48,600
Speaker 1: be a global catastrophe. Why Because more than half of

596
00:26:48,640 --> 00:26:51,920
Speaker 1: the world's foreign currency reserves are held in US dollars.

597
00:26:52,560 --> 00:26:57,320
Speaker 1: Treasury bonds are used as collateral routinely because they're considered

598
00:26:57,359 --> 00:27:00,200
Speaker 1: to be like the safest possible financial instrument. Sometimes they're

599
00:27:00,200 --> 00:27:06,640
Speaker 1: considered like safer than cash. This backstops as collateral transactions,

600
00:27:06,800 --> 00:27:10,440
Speaker 1: major corporate transactions all around the globe. And that's why,

601
00:27:10,480 --> 00:27:14,200
Speaker 1: again it's so hard to predict. Okay, when that stops

602
00:27:14,240 --> 00:27:17,479
Speaker 1: being so certain and becomes instantly.

603
00:27:17,119 --> 00:27:19,920
Speaker 4: This risky asset, what does that do?

604
00:27:20,520 --> 00:27:22,680
Speaker 1: What does it mean in terms of our status is

605
00:27:22,720 --> 00:27:25,720
Speaker 1: still being the world's reserve currency. You already have countries

606
00:27:25,760 --> 00:27:27,679
Speaker 1: that are trying to move in another direction from that,

607
00:27:28,160 --> 00:27:31,720
Speaker 1: so huge and very frightening question marks about what that

608
00:27:31,800 --> 00:27:33,840
Speaker 1: would all look like. I always remember, you know what

609
00:27:33,920 --> 00:27:36,480
Speaker 1: happened in the UK when you had that mini budget

610
00:27:36,560 --> 00:27:39,359
Speaker 1: disastrously released by Liz Trust and it had all of

611
00:27:39,400 --> 00:27:43,800
Speaker 1: these follow on, catastrophic, instant economic impacts that nobody really

612
00:27:43,840 --> 00:27:47,600
Speaker 1: saw coming. Because the global financial system is so intertwined

613
00:27:47,600 --> 00:27:50,960
Speaker 1: and so complex that even the most intelligent and well

614
00:27:51,080 --> 00:27:54,560
Speaker 1: versed economist can't lay out what all of the follow

615
00:27:54,600 --> 00:27:56,920
Speaker 1: on effects are. So that's what makes this so frightening.

616
00:27:56,920 --> 00:27:59,200
Speaker 1: You of course would have the dollar drop. You would

617
00:27:59,240 --> 00:28:02,239
Speaker 1: have us barrowingst sore, which is the opposite of what

618
00:28:02,280 --> 00:28:04,560
Speaker 1: you want if you're worried about the debt. That means

619
00:28:04,600 --> 00:28:07,280
Speaker 1: the debt becomes even more expensive, and we're even in

620
00:28:07,320 --> 00:28:10,320
Speaker 1: a deeper hole. So that's why this is not something

621
00:28:10,640 --> 00:28:12,679
Speaker 1: to play around with. You know, this is not a

622
00:28:12,720 --> 00:28:15,359
Speaker 1: game and it's not something to be casual about. There

623
00:28:15,359 --> 00:28:18,439
Speaker 1: are potentially very dire and very serious consequences here, and

624
00:28:18,440 --> 00:28:19,200
Speaker 1: they're playing with fire.

625
00:28:19,240 --> 00:28:20,760
Speaker 2: So let's go put the next one on there because

626
00:28:20,760 --> 00:28:23,399
Speaker 2: it's important, actually, which is they say the consequences from

627
00:28:23,400 --> 00:28:26,320
Speaker 2: Bloomberg of the debts healing are already here. And what

628
00:28:26,359 --> 00:28:29,000
Speaker 2: they say is that this is even JP Morgan CEO

629
00:28:29,119 --> 00:28:32,800
Speaker 2: Jamie Diamond, the consequences could be catastrophic. One person that

630
00:28:32,800 --> 00:28:35,120
Speaker 2: they quote, the former chief of staff at the Treasury Department, said,

631
00:28:35,119 --> 00:28:37,480
Speaker 2: people get the joke that's going on in Washington. It's

632
00:28:37,480 --> 00:28:39,800
Speaker 2: the strongest economy in the world, the most powerfulmation. If

633
00:28:39,800 --> 00:28:41,680
Speaker 2: it's not going to pay its debts when due, you've

634
00:28:41,680 --> 00:28:43,480
Speaker 2: got to be kidding. And then what they point to

635
00:28:43,600 --> 00:28:46,800
Speaker 2: is that this could cause global financial panic, as you said, Crystal,

636
00:28:47,000 --> 00:28:49,880
Speaker 2: and that's why when you're messing with something which seems

637
00:28:49,920 --> 00:28:52,720
Speaker 2: so ironclad in the global financial system, you really just

638
00:28:52,760 --> 00:28:55,440
Speaker 2: have no idea what's going to happen. They point to

639
00:28:55,440 --> 00:28:58,480
Speaker 2: the fifty trillion dollars capital markets, debt and equity. Any

640
00:28:58,520 --> 00:29:01,480
Speaker 2: hiccups in repo markets that could take those markets off

641
00:29:01,560 --> 00:29:05,200
Speaker 2: course have hundreds of billions of dollars in implications, even

642
00:29:05,200 --> 00:29:08,280
Speaker 2: a couple of percent, you know, both ways, and the

643
00:29:08,320 --> 00:29:12,440
Speaker 2: overnight lending through the banks and financial markets as primary collateral.

644
00:29:12,600 --> 00:29:14,960
Speaker 2: He says, there could be a huge contraction of credit

645
00:29:15,000 --> 00:29:17,880
Speaker 2: and capital markets liquidity that greases the skids of all

646
00:29:17,920 --> 00:29:20,680
Speaker 2: of those markets, as well as a huge liquidity call.

647
00:29:20,960 --> 00:29:24,120
Speaker 2: What's more, corporations with triple A ratings cannot be rated

648
00:29:24,200 --> 00:29:26,320
Speaker 2: more safe than the country that they are hosted in,

649
00:29:26,680 --> 00:29:30,960
Speaker 2: meaning that corporations themselves could face mandatory downgrades and higher

650
00:29:31,040 --> 00:29:34,000
Speaker 2: borrowing costs. That's what I referenced earlier in our show

651
00:29:34,120 --> 00:29:37,040
Speaker 2: whenever we had a debt a downgrade in the way

652
00:29:37,040 --> 00:29:38,959
Speaker 2: that we were. You know, all of these things have

653
00:29:39,000 --> 00:29:42,960
Speaker 2: automatic kick ins for pensions and for higher borrowing costs.

654
00:29:42,960 --> 00:29:45,360
Speaker 2: And if we have higher borrowing costs across not only

655
00:29:45,360 --> 00:29:48,280
Speaker 2: as a government, but for our individual corporations, that bleeds

656
00:29:48,280 --> 00:29:50,200
Speaker 2: into what they're able to do, what they're able to

657
00:29:50,240 --> 00:29:52,840
Speaker 2: borrow money for. So yeah, it's just a real mess

658
00:29:53,920 --> 00:29:54,479
Speaker 2: all around.

659
00:29:54,680 --> 00:29:57,000
Speaker 1: I think that's the only way you could possibly sum

660
00:29:57,040 --> 00:29:59,440
Speaker 1: it up, and let me just say again, look, I

661
00:29:59,440 --> 00:30:02,560
Speaker 1: think Biden has made a catastrophic error here by a

662
00:30:02,640 --> 00:30:05,760
Speaker 1: goring to negotiate, because I think the consequences of this

663
00:30:05,840 --> 00:30:07,800
Speaker 1: are so dire, and I do want to be clear

664
00:30:07,840 --> 00:30:09,800
Speaker 1: on like the fourteenth Amendment work around or whatever. No

665
00:30:09,800 --> 00:30:11,720
Speaker 1: one is saying that would be painless. It would be

666
00:30:11,840 --> 00:30:14,600
Speaker 1: you know, there would be economic consequences to that as well,

667
00:30:14,960 --> 00:30:17,320
Speaker 1: because tagar are what you're pointing to the uncertainty of

668
00:30:17,360 --> 00:30:19,360
Speaker 1: how this will work out within the legal system. And

669
00:30:19,560 --> 00:30:21,360
Speaker 1: was this you know, debt really going to be honored

670
00:30:21,360 --> 00:30:23,520
Speaker 1: in the way that our other debt. That is all

671
00:30:23,560 --> 00:30:27,760
Speaker 1: really true, But we cannot keep having these hostage situations

672
00:30:27,840 --> 00:30:30,040
Speaker 1: year after year after year. We have got to find

673
00:30:30,040 --> 00:30:33,120
Speaker 1: a way to take this thing off the table because

674
00:30:33,360 --> 00:30:36,680
Speaker 1: this is a potential catastrophic disaster for people in this

675
00:30:36,760 --> 00:30:39,400
Speaker 1: country and people around the world in the making, and

676
00:30:39,600 --> 00:30:42,200
Speaker 1: we need to not repeat the errors of the past,

677
00:30:42,280 --> 00:30:44,640
Speaker 1: is what I would say. So we will see how

678
00:30:44,680 --> 00:30:49,960
Speaker 1: this all works out. If it does work out, okay.

679
00:30:49,800 --> 00:30:52,240
Speaker 2: Let's go to the next one here, This one all

680
00:30:52,360 --> 00:30:55,920
Speaker 2: Gnome Chomski and just the Jeffrey Epstein story. It never

681
00:30:55,960 --> 00:30:58,520
Speaker 2: really does die, does it? So let's go ahead and

682
00:30:58,560 --> 00:31:00,520
Speaker 2: put this one up on the screen.

683
00:31:00,720 --> 00:31:01,320
Speaker 3: This is.

684
00:31:02,800 --> 00:31:04,880
Speaker 2: It's you know, it's hard to say for somebody who

685
00:31:05,000 --> 00:31:08,640
Speaker 2: is certainly respected the book that we have literally on

686
00:31:08,720 --> 00:31:12,440
Speaker 2: the shelf, which I've always thought was very important, foundational

687
00:31:12,480 --> 00:31:16,560
Speaker 2: to understanding manufacturing consent and media incentives and all that

688
00:31:16,640 --> 00:31:19,960
Speaker 2: by the intellectual Nom Chomsky linguist somebody, you know, I

689
00:31:20,000 --> 00:31:23,880
Speaker 2: still do respect, I guess somewhat intellectual leads respected scholarship.

690
00:31:23,960 --> 00:31:27,040
Speaker 2: I can respect a scholarship that said. We now have

691
00:31:27,360 --> 00:31:30,360
Speaker 2: proof from the Wall Street Journal that Jeffrey Epstein moved

692
00:31:30,440 --> 00:31:33,960
Speaker 2: two hundred and seventy thousand dollars for Nom Chomsky and

693
00:31:34,000 --> 00:31:36,280
Speaker 2: paid an addition one hundred and fifty thousand dollars to

694
00:31:36,360 --> 00:31:39,520
Speaker 2: an academic named Leon Botstein. So what the journal says

695
00:31:39,640 --> 00:31:42,640
Speaker 2: is that this transfer between accounts for Noam Chomsky the

696
00:31:42,680 --> 00:31:46,000
Speaker 2: two academics have all been confirmed, both by Chomsky as

697
00:31:46,040 --> 00:31:49,160
Speaker 2: well as financial wreckers that the Wall Street Journal has

698
00:31:49,200 --> 00:31:51,920
Speaker 2: been able to get their hands on, says that Chomsky

699
00:31:51,960 --> 00:31:53,840
Speaker 2: met with Epstein, not just the one time that we

700
00:31:53,920 --> 00:31:58,760
Speaker 2: had previously said, but actually on multiple occasions. Now Chomsky

701
00:31:58,800 --> 00:32:01,720
Speaker 2: says that they quote met occasionally to discuss political and

702
00:32:01,800 --> 00:32:06,400
Speaker 2: academic topics, and in response to those questions, Actually what

703
00:32:06,440 --> 00:32:10,360
Speaker 2: they say is that previously one of the payoffs Fisiness

704
00:32:10,440 --> 00:32:14,560
Speaker 2: to Botstein was one hundred and fifty grand because Epstein

705
00:32:14,600 --> 00:32:16,920
Speaker 2: had donated a sum to bar that year as more

706
00:32:16,960 --> 00:32:19,920
Speaker 2: than a one million dollar donation. A spokesperson then said

707
00:32:19,920 --> 00:32:23,120
Speaker 2: that they did receive this like weird pass through donation

708
00:32:23,600 --> 00:32:27,360
Speaker 2: through Leon Botstein. Not exactly sure what's going on there,

709
00:32:27,920 --> 00:32:31,600
Speaker 2: you know, with Chomsky, he doesn't really have a particularly

710
00:32:31,720 --> 00:32:36,320
Speaker 2: good explanation. He says he received a March twenty eighteen

711
00:32:36,360 --> 00:32:38,760
Speaker 2: transfer of two hundred and seventy thousand dollars from an

712
00:32:38,760 --> 00:32:42,160
Speaker 2: Epstein account. He says, quote, it was restricted to a

713
00:32:42,200 --> 00:32:45,840
Speaker 2: rearrangement of my own funds and did not involve one

714
00:32:45,920 --> 00:32:48,880
Speaker 2: penny from Epstein. He explained he had asked him for

715
00:32:48,960 --> 00:32:52,760
Speaker 2: help quote with a technical matter that involved the disbursement

716
00:32:52,800 --> 00:32:56,520
Speaker 2: of common funds related to his first marriage. He says,

717
00:32:56,600 --> 00:32:59,560
Speaker 2: my wife died fifteen years ago. We paid no attention

718
00:32:59,600 --> 00:33:02,120
Speaker 2: to financial issues. We asked Epstein for advice. The simplest

719
00:33:02,120 --> 00:33:04,040
Speaker 2: way would be a transfer funds from one account in

720
00:33:04,120 --> 00:33:06,680
Speaker 2: my name to another by way of his office. Chomsky

721
00:33:06,680 --> 00:33:08,920
Speaker 2: said he did not hire Epstein. It was just quick

722
00:33:08,960 --> 00:33:10,680
Speaker 2: and a simple transfer of funds.

723
00:33:11,120 --> 00:33:14,200
Speaker 3: Look, I mean maybe, uh.

724
00:33:14,440 --> 00:33:17,920
Speaker 2: You know, his initial response to the question Crystal was

725
00:33:18,560 --> 00:33:20,880
Speaker 2: remember whenever they would deal that he'd met. First response

726
00:33:20,960 --> 00:33:22,880
Speaker 2: is none of your business or anyone. Second is I

727
00:33:22,960 --> 00:33:26,320
Speaker 2: knew him and we met occasionally. So is it possible

728
00:33:26,480 --> 00:33:28,000
Speaker 2: that it's an innocent explanation?

729
00:33:28,200 --> 00:33:28,600
Speaker 3: Maybe?

730
00:33:28,640 --> 00:33:32,080
Speaker 2: But I mean, ever, it boggles the mind to think

731
00:33:32,360 --> 00:33:36,000
Speaker 2: of a true scenario where you need a quarter of

732
00:33:36,040 --> 00:33:39,360
Speaker 2: a million dollar bridge loan from Jeffrey Epstein, Like there,

733
00:33:39,480 --> 00:33:42,520
Speaker 2: we have a legitimate financial system, and we have ways

734
00:33:42,600 --> 00:33:46,040
Speaker 2: to rectify those problems. Why would it make sense for

735
00:33:46,080 --> 00:33:49,040
Speaker 2: you to transfer money from one account to another guy's account,

736
00:33:49,080 --> 00:33:51,280
Speaker 2: who then transfers money to you. If you do need

737
00:33:51,320 --> 00:33:53,720
Speaker 2: to transfer money to yourself, why don't you just wire

738
00:33:53,760 --> 00:33:56,959
Speaker 2: money to yourself or you know what I mean? Like there,

739
00:33:57,000 --> 00:34:00,120
Speaker 2: I'm just like, it's like, there are many ways to

740
00:34:00,120 --> 00:34:03,200
Speaker 2: give money to yourself, very few of them involve me

741
00:34:03,720 --> 00:34:06,280
Speaker 2: sending it to you to send it to me. And

742
00:34:06,520 --> 00:34:08,880
Speaker 2: you know, if we're have a closer relationship, hopefully than

743
00:34:09,160 --> 00:34:12,279
Speaker 2: Jeffrey Epstein and Nomchovsky. So anyway, I think it's a

744
00:34:12,320 --> 00:34:13,640
Speaker 2: little bit odd it just.

745
00:34:14,480 --> 00:34:17,560
Speaker 1: It lines up with so many of these things that

746
00:34:17,600 --> 00:34:21,720
Speaker 1: come out where it's you know, Epstein is doing financial

747
00:34:21,719 --> 00:34:24,760
Speaker 1: transactions for people that you're like, why was this person

748
00:34:24,840 --> 00:34:25,680
Speaker 1: in the middle of this?

749
00:34:25,920 --> 00:34:27,040
Speaker 4: Why were they involved?

750
00:34:27,440 --> 00:34:30,120
Speaker 1: He clearly made himself in the business of like solving

751
00:34:30,160 --> 00:34:33,600
Speaker 1: whatever little issue, whatever little problem that people with power

752
00:34:33,719 --> 00:34:38,879
Speaker 1: or money had, and so somehow I don't understand how

753
00:34:39,000 --> 00:34:42,160
Speaker 1: or why it makes sense to put himself in the

754
00:34:42,200 --> 00:34:45,440
Speaker 1: middle of this just transfer of funds between accounts. I mean,

755
00:34:45,480 --> 00:34:49,520
Speaker 1: we do lots of fun transfers here at breaking points. Yes,

756
00:34:49,760 --> 00:34:52,240
Speaker 1: number once have we been like, let's get this weird

757
00:34:52,239 --> 00:34:55,319
Speaker 1: pedophile to help us with the transaction, Like let's send

758
00:34:55,320 --> 00:34:56,320
Speaker 1: it to him and then send.

759
00:34:56,200 --> 00:34:57,520
Speaker 3: It back to us, just take it out.

760
00:34:57,520 --> 00:34:59,520
Speaker 2: I don't know, we send it to the person we

761
00:34:59,560 --> 00:35:00,600
Speaker 2: own money to right.

762
00:35:00,600 --> 00:35:03,160
Speaker 1: There, you put on a wire like it's not really

763
00:35:03,160 --> 00:35:05,600
Speaker 1: that already you can do it online these days. So

764
00:35:06,160 --> 00:35:09,360
Speaker 1: that yes, And at the same time, there's some additional

765
00:35:09,400 --> 00:35:12,800
Speaker 1: news about some of the banks and their relationships with Epstein.

766
00:35:12,880 --> 00:35:15,840
Speaker 1: So he was originally a JP Morgan Chase customer for

767
00:35:15,880 --> 00:35:17,719
Speaker 1: many years, and they're in trouble over that, and they're

768
00:35:17,760 --> 00:35:21,719
Speaker 1: facing discovery over their relationship. Jamie Diamond's been subpoena and

769
00:35:21,760 --> 00:35:22,680
Speaker 1: all these sorts of things.

770
00:35:22,680 --> 00:35:23,600
Speaker 4: So that happened.

771
00:35:23,600 --> 00:35:25,520
Speaker 1: Then after JP Morgan, Chase was like, all right, I

772
00:35:25,520 --> 00:35:27,000
Speaker 1: think we'd better be done with this dude.

773
00:35:27,239 --> 00:35:29,320
Speaker 4: Then Deutsche Bank picks up where.

774
00:35:29,200 --> 00:35:32,680
Speaker 1: They left off, and they had this relationship with Epstein

775
00:35:32,760 --> 00:35:36,680
Speaker 1: for years after he was already convicted. So there's really

776
00:35:36,680 --> 00:35:38,359
Speaker 1: no excuse, and they've been in a lot of hot

777
00:35:38,400 --> 00:35:44,120
Speaker 1: water for ignoring what were like really obviously suspicious transactions

778
00:35:44,120 --> 00:35:46,080
Speaker 1: that were going on. So put this next piece up

779
00:35:46,080 --> 00:35:49,160
Speaker 1: on the screen. We now have Deutsche Bank paying seventy

780
00:35:49,200 --> 00:35:52,120
Speaker 1: five million dollars to victims of Jeffrey Epstein. This is

781
00:35:52,120 --> 00:35:54,719
Speaker 1: a proposed court settlement closes, they say, another chapter in

782
00:35:54,719 --> 00:35:58,240
Speaker 1: the German bank's relationship with the disgraced financier, which began

783
00:35:58,320 --> 00:36:00,799
Speaker 1: in twenty thirteen and continued up until.

784
00:36:00,840 --> 00:36:04,839
Speaker 4: Late twenty eighteen. So this was to.

785
00:36:04,840 --> 00:36:09,680
Speaker 1: Settle a potential class action lawsuit charging that this financial

786
00:36:09,680 --> 00:36:13,640
Speaker 1: institution facilitated his sex trafficking ring. According to lawyers who

787
00:36:13,680 --> 00:36:17,160
Speaker 1: sued the bank on behalf of alleged victims, you had

788
00:36:17,160 --> 00:36:20,319
Speaker 1: a woman who was listed anonymously as Jane Doe in

789
00:36:20,400 --> 00:36:23,200
Speaker 1: court papers who filed this suit last year in New York,

790
00:36:23,440 --> 00:36:26,239
Speaker 1: and this was on behalf of herself and other accusers

791
00:36:26,320 --> 00:36:29,960
Speaker 1: of Epstein. So you know, they want to make this

792
00:36:30,040 --> 00:36:32,880
Speaker 1: go away. And I would say for a gigantic financial

793
00:36:32,960 --> 00:36:36,360
Speaker 1: global financial institution like Deutsche Bank, seventy five million dollars

794
00:36:36,400 --> 00:36:37,760
Speaker 1: to them, it's nothing.

795
00:36:38,080 --> 00:36:41,560
Speaker 2: Yes, you're right, And Deutsche Bank has long had problems

796
00:36:41,640 --> 00:36:44,319
Speaker 2: and links to Jeffrey Epstein. They were one of the

797
00:36:44,320 --> 00:36:47,840
Speaker 2: originals that were cited by the New York Financial Department

798
00:36:48,040 --> 00:36:51,600
Speaker 2: for some of the activities that they had taken on

799
00:36:51,680 --> 00:36:55,640
Speaker 2: behalf of them. And what was revealed actually in the

800
00:36:55,680 --> 00:36:58,399
Speaker 2: Deutsche Bank complaint and the complaint by them by from

801
00:36:58,400 --> 00:37:01,799
Speaker 2: the New York Financial Services Department is basically that they

802
00:37:01,880 --> 00:37:05,120
Speaker 2: knew that he was involved in sketchy transactions, They knew

803
00:37:05,120 --> 00:37:07,239
Speaker 2: he was a sex offender. They never kicked him off

804
00:37:07,239 --> 00:37:09,680
Speaker 2: of their client list. Despite the fact that they knew

805
00:37:09,719 --> 00:37:11,840
Speaker 2: all of what was going on, they continued to pursue

806
00:37:11,880 --> 00:37:15,640
Speaker 2: him for business transactions. And really some of the most

807
00:37:15,640 --> 00:37:19,319
Speaker 2: troubling was that they were facilitating transactions which would be

808
00:37:19,360 --> 00:37:22,800
Speaker 2: illegal in any or not or which would be flagged

809
00:37:22,800 --> 00:37:26,160
Speaker 2: to federal authorities by any other client So, for example, Christal,

810
00:37:26,200 --> 00:37:27,759
Speaker 2: if you or I were to go to our bank

811
00:37:27,920 --> 00:37:30,640
Speaker 2: and we were to ask this question, how much money

812
00:37:30,880 --> 00:37:33,040
Speaker 2: can we withdraw without alerting the feds?

813
00:37:33,440 --> 00:37:35,720
Speaker 3: They're supposed to alert the feds.

814
00:37:36,200 --> 00:37:38,520
Speaker 2: He asked that question, and then after they told him

815
00:37:38,520 --> 00:37:41,120
Speaker 2: the answer, he would take out basically up until one

816
00:37:41,200 --> 00:37:44,000
Speaker 2: dollar in cash. For all of that, his assistants would

817
00:37:44,000 --> 00:37:47,040
Speaker 2: say that it was for tips. They also were wiring

818
00:37:47,080 --> 00:37:50,200
Speaker 2: all kinds of crazy amounts of money to Eastern Europe

819
00:37:50,280 --> 00:37:55,920
Speaker 2: for potential sex trafficking, you know, potential like sex trafficking purposes.

820
00:37:56,400 --> 00:38:01,520
Speaker 2: There was some financial behavior where's no normal person would ever, ever, ever,

821
00:38:01,719 --> 00:38:04,600
Speaker 2: ever get away with, and that they knew was sketchy

822
00:38:04,680 --> 00:38:07,040
Speaker 2: because they were flagging it internally and continue to do

823
00:38:07,080 --> 00:38:07,680
Speaker 2: business with them.

824
00:38:07,760 --> 00:38:10,680
Speaker 1: Yeah, that's that's exactly right. And so you know, they

825
00:38:10,719 --> 00:38:13,040
Speaker 1: didn't want any sort of discovery with regard to this.

826
00:38:13,239 --> 00:38:15,680
Speaker 1: They didn't want any of their dirty laundry to be

827
00:38:15,719 --> 00:38:18,080
Speaker 1: aired publicly. And so, like I said, I think seventy

828
00:38:18,080 --> 00:38:20,879
Speaker 1: five million dollars is them getting off really easy here.

829
00:38:21,000 --> 00:38:23,760
Speaker 2: Oh it's easy as hell, because I mean, somebody who

830
00:38:23,800 --> 00:38:25,520
Speaker 2: even knows they might have made more than that just

831
00:38:25,560 --> 00:38:27,440
Speaker 2: in the fees that they had from banking with him.

832
00:38:27,480 --> 00:38:30,279
Speaker 2: I mean they certainly paid a fine there, but even reputationally,

833
00:38:30,320 --> 00:38:32,759
Speaker 2: as you said, like to expose the level of safeguards

834
00:38:32,760 --> 00:38:34,640
Speaker 2: that they didn't have in place while this was happening,

835
00:38:34,640 --> 00:38:36,520
Speaker 2: which these banks all supposedly do have.

836
00:38:36,960 --> 00:38:38,200
Speaker 3: Again, you know, for you and.

837
00:38:38,120 --> 00:38:41,960
Speaker 2: Me, for somebody who has let's say somebody fell on

838
00:38:42,040 --> 00:38:44,560
Speaker 2: hard times and declared bankruptcy or something, it's like, well,

839
00:38:44,600 --> 00:38:46,680
Speaker 2: then the bank has all these regulations about how they

840
00:38:46,680 --> 00:38:49,640
Speaker 2: can and can't do posinis. But if you are literally

841
00:38:49,640 --> 00:38:52,600
Speaker 2: convicted sex offender and you have a proven track record

842
00:38:52,600 --> 00:38:56,279
Speaker 2: of moving money around for trafficking purposes, apparently that's all

843
00:38:56,320 --> 00:38:58,600
Speaker 2: good as long as you bring in enough money.

844
00:38:58,719 --> 00:39:00,799
Speaker 3: I mean, that's all take to be a client for

845
00:39:00,840 --> 00:39:01,440
Speaker 3: one of these people.

846
00:39:01,520 --> 00:39:04,040
Speaker 1: It's so dirty, It really is so dirty. I mean

847
00:39:04,080 --> 00:39:06,920
Speaker 1: this is this unrelated to Epstein, but Wells Fargo, which

848
00:39:06,920 --> 00:39:09,799
Speaker 1: has been yeah, really bad actor. And they claim they

849
00:39:09,800 --> 00:39:11,600
Speaker 1: had that whole fake account scandal. I don't know if

850
00:39:11,640 --> 00:39:13,719
Speaker 1: you guys remember that, but it was just they were

851
00:39:13,760 --> 00:39:16,360
Speaker 1: opening up accounts and people's names that they never asked for.

852
00:39:16,520 --> 00:39:19,000
Speaker 1: They were creating fake accounts just routinely as part of

853
00:39:19,040 --> 00:39:22,839
Speaker 1: their culture and they just had an issue where their

854
00:39:22,880 --> 00:39:26,399
Speaker 1: shareholders are accusing them of lying about that they had

855
00:39:26,440 --> 00:39:29,239
Speaker 1: things under control and that they had cleaned up their

856
00:39:29,280 --> 00:39:32,239
Speaker 1: act et cetera, et cetera. So yeah, these are so

857
00:39:32,360 --> 00:39:34,640
Speaker 1: many of these institutions, if not all of them, are

858
00:39:34,680 --> 00:39:36,320
Speaker 1: just so incredibly dirty.

859
00:39:36,480 --> 00:39:37,520
Speaker 3: Yeah, dirty as hell.

860
00:39:38,400 --> 00:39:40,680
Speaker 1: All right, As we said, we had some big and

861
00:39:40,800 --> 00:39:43,680
Speaker 1: very disturbing news about the housing market. How Americans are

862
00:39:43,680 --> 00:39:45,719
Speaker 1: feeling about the housing market right now, let's put this

863
00:39:45,800 --> 00:39:49,320
Speaker 1: up on the screen from Gallop. You now have views

864
00:39:49,400 --> 00:39:53,680
Speaker 1: of the US housing market reaching new depths, a new

865
00:39:53,920 --> 00:39:56,080
Speaker 1: low in the US say it is a good time

866
00:39:56,120 --> 00:39:57,960
Speaker 1: to buy a house. Leaves us up on the screen

867
00:39:58,000 --> 00:39:59,920
Speaker 1: for a little bit, just so people can take in

868
00:40:00,080 --> 00:40:02,400
Speaker 1: the trend here. You know, back in nineteen eighty you

869
00:40:02,480 --> 00:40:04,959
Speaker 1: had about fifty percent of people who said a little

870
00:40:04,960 --> 00:40:07,440
Speaker 1: bit more than fifty percent, a majority saying Okay, it's

871
00:40:07,440 --> 00:40:09,719
Speaker 1: a good time to buy a house. That continues to

872
00:40:09,800 --> 00:40:11,920
Speaker 1: go up until right about the time that you have

873
00:40:12,040 --> 00:40:15,640
Speaker 1: the financial crash, it dips down to about fifty percent.

874
00:40:15,880 --> 00:40:18,600
Speaker 1: Then after the financial crash around twenty ten, things pick

875
00:40:18,680 --> 00:40:22,520
Speaker 1: back up, and now you've been on a basically consistent

876
00:40:22,719 --> 00:40:26,240
Speaker 1: decline over the past decade, reaching.

877
00:40:25,960 --> 00:40:26,720
Speaker 4: A new loan.

878
00:40:26,800 --> 00:40:30,000
Speaker 1: Now where only twenty one percent of Americans feel like

879
00:40:30,120 --> 00:40:32,520
Speaker 1: it's a decent time to go out and buy a house,

880
00:40:32,560 --> 00:40:35,400
Speaker 1: seventy eight percent say it is a bad time to

881
00:40:35,520 --> 00:40:38,040
Speaker 1: buy a house now. It will be no surprise the

882
00:40:38,120 --> 00:40:41,080
Speaker 1: viewers of this program. Why that is you have the

883
00:40:41,080 --> 00:40:44,160
Speaker 1: Federal Reserve hiking interest rates that has had a dramatic

884
00:40:44,239 --> 00:40:47,920
Speaker 1: impact on mortgage interest rates that is made already unaffordable

885
00:40:47,960 --> 00:40:53,440
Speaker 1: housing even more wildly unaffordable. Now as home prices have

886
00:40:53,719 --> 00:40:56,120
Speaker 1: just started to fall around the country. You've got a

887
00:40:56,160 --> 00:40:59,279
Speaker 1: median of four hundred and thirty six thousand dollars is

888
00:40:59,320 --> 00:41:02,520
Speaker 1: the median home price in twenty twenty three, and you

889
00:41:02,600 --> 00:41:05,200
Speaker 1: do have fewer Americans expecting home values in their area

890
00:41:05,320 --> 00:41:07,000
Speaker 1: to rise in the coming year. So it's not that

891
00:41:07,120 --> 00:41:11,680
Speaker 1: prices are like continuing to skyrocket, but because of mortgage rates,

892
00:41:11,960 --> 00:41:14,680
Speaker 1: it's so wildly unaffordable.

893
00:41:14,719 --> 00:41:16,000
Speaker 4: And of course, housing prices have.

894
00:41:16,040 --> 00:41:17,959
Speaker 1: Been going up and up and up and up even

895
00:41:18,000 --> 00:41:22,720
Speaker 1: before we started this whole conversation about inflation. Inflation within housing, healthcare,

896
00:41:22,760 --> 00:41:24,200
Speaker 1: and education has been out.

897
00:41:24,120 --> 00:41:25,600
Speaker 4: Of control four years.

898
00:41:26,040 --> 00:41:30,960
Speaker 1: So this basic building block of middle class stability has

899
00:41:31,040 --> 00:41:34,839
Speaker 1: become out of reach for most people who are you know,

900
00:41:34,920 --> 00:41:38,400
Speaker 1: even college educated professionals who are earning decent salaries, if

901
00:41:38,400 --> 00:41:40,719
Speaker 1: they live in a major metro area, they're screwed. If

902
00:41:40,760 --> 00:41:43,360
Speaker 1: they don't have a cash handout for mommy and daddy

903
00:41:43,400 --> 00:41:46,320
Speaker 1: to put down you know, major cash upfront, they're screwed.

904
00:41:46,360 --> 00:41:49,680
Speaker 1: And they've only become more screwed from the mortgage interest rates.

905
00:41:49,800 --> 00:41:50,320
Speaker 3: Yeah, exactly.

906
00:41:50,320 --> 00:41:52,520
Speaker 2: I mean, I think that the mortgage interest is the

907
00:41:52,560 --> 00:41:57,040
Speaker 2: biggest problem in terms of affordability, because you know what

908
00:41:57,080 --> 00:41:59,440
Speaker 2: people do is they're saving up, they look at their

909
00:41:59,440 --> 00:42:02,200
Speaker 2: down payment, they think, okay, great, I can make this happen,

910
00:42:02,239 --> 00:42:03,560
Speaker 2: and then they go and they play with one of

911
00:42:03,600 --> 00:42:06,359
Speaker 2: those tools and they're like, wait, so two years ago,

912
00:42:06,560 --> 00:42:08,839
Speaker 2: definitely I could have made that happen, but now I

913
00:42:08,880 --> 00:42:11,920
Speaker 2: can't because the interest payments are sky high. And then

914
00:42:11,960 --> 00:42:13,719
Speaker 2: even if you can afford the interest, here like do

915
00:42:13,800 --> 00:42:16,360
Speaker 2: I really want to be paying more than half my

916
00:42:16,440 --> 00:42:18,640
Speaker 2: paying or do I really want to be paying so

917
00:42:18,800 --> 00:42:23,160
Speaker 2: many thousands of dollars per year to the bank. And sure,

918
00:42:23,200 --> 00:42:25,640
Speaker 2: you know it's tax deductible and all of that, but

919
00:42:25,760 --> 00:42:28,680
Speaker 2: you know, why would you spend you know, why throw

920
00:42:28,719 --> 00:42:30,759
Speaker 2: away a dollar so that you can save twenty five

921
00:42:31,080 --> 00:42:34,600
Speaker 2: cents or whatever whenever it comes to your taxes. And

922
00:42:34,640 --> 00:42:37,520
Speaker 2: that's always one of the like stupidest ways that people

923
00:42:37,520 --> 00:42:40,160
Speaker 2: can think about it. The other one, as appointed to here,

924
00:42:40,360 --> 00:42:43,200
Speaker 2: is that when you have a decrease in the housing market,

925
00:42:43,480 --> 00:42:46,640
Speaker 2: and in views of the housing market, yeah, it restricts

926
00:42:46,840 --> 00:42:51,040
Speaker 2: the further supply of housing because home builders and new

927
00:42:51,080 --> 00:42:51,440
Speaker 2: homes of.

928
00:42:51,440 --> 00:42:54,120
Speaker 3: Which we are desperately in need of. We really do

929
00:42:54,239 --> 00:42:55,760
Speaker 3: need a lot of new housing.

930
00:42:55,880 --> 00:42:58,719
Speaker 2: And that is a whole other conversation about how you

931
00:42:58,760 --> 00:43:01,600
Speaker 2: balance neighborhood hoods and all that other stuff, which I'm

932
00:43:01,640 --> 00:43:04,560
Speaker 2: sympathetic to, you know, to some respect. But the question

933
00:43:04,719 --> 00:43:06,520
Speaker 2: is like, at the very least the ones that are

934
00:43:06,560 --> 00:43:09,640
Speaker 2: getting built need to continue. Many home builders are simply

935
00:43:09,680 --> 00:43:12,160
Speaker 2: dropping their projects or putting them on pause because they

936
00:43:12,200 --> 00:43:15,799
Speaker 2: a cannot afford the building materials and b they do

937
00:43:15,840 --> 00:43:18,200
Speaker 2: not feel that they will be able to sell at

938
00:43:18,239 --> 00:43:20,759
Speaker 2: their current rate. Or and we have this right here,

939
00:43:20,960 --> 00:43:22,840
Speaker 2: let's put this up there on the screen. The housing

940
00:43:22,840 --> 00:43:25,600
Speaker 2: market is now so unaffordable. Builders say, quote, they have

941
00:43:25,680 --> 00:43:28,399
Speaker 2: no choice but to build smaller homes. Now, again, that's

942
00:43:28,400 --> 00:43:31,160
Speaker 2: not necessarily a bad thing, because in some cases, we

943
00:43:31,280 --> 00:43:34,960
Speaker 2: kind of do need more starter home invatory because some people,

944
00:43:35,040 --> 00:43:37,000
Speaker 2: you know, not everybody has to buy a four thousand

945
00:43:37,000 --> 00:43:38,960
Speaker 2: square foot house. I'm not really sure where this came from,

946
00:43:39,040 --> 00:43:42,319
Speaker 2: but let's put that aside. The idea, though, is that

947
00:43:42,480 --> 00:43:45,040
Speaker 2: by building smaller, one of the things that they're finding

948
00:43:45,120 --> 00:43:46,839
Speaker 2: is that it's going to just deeply cut into their

949
00:43:46,840 --> 00:43:50,400
Speaker 2: profit margin, which would only mean that they will continue

950
00:43:50,440 --> 00:43:52,799
Speaker 2: to build less and less, or they may just not

951
00:43:53,040 --> 00:43:55,920
Speaker 2: they may abandoned the project altogether. So there's just like

952
00:43:56,160 --> 00:43:58,799
Speaker 2: all within the chain of custody. I guess of all

953
00:43:58,880 --> 00:44:01,279
Speaker 2: this is it's just a really bad outlook. We'll have

954
00:44:01,360 --> 00:44:04,600
Speaker 2: less housing and then we'll only have even more expensive payments.

955
00:44:04,680 --> 00:44:06,960
Speaker 1: Yeah. Yeah. And one of the problems too is people

956
00:44:06,960 --> 00:44:09,680
Speaker 1: who already own a home who might have been interested

957
00:44:09,719 --> 00:44:12,000
Speaker 1: in moving, which would open up their house to be

958
00:44:12,320 --> 00:44:14,279
Speaker 1: sold and you know, some new buyer to be able

959
00:44:14,360 --> 00:44:16,839
Speaker 1: to come in. They don't want to move because they

960
00:44:16,840 --> 00:44:19,400
Speaker 1: have really low mortgage interest rate. They don't want to

961
00:44:19,400 --> 00:44:21,239
Speaker 1: have to take out a new mortgage that's going to

962
00:44:21,280 --> 00:44:23,280
Speaker 1: have a much higher interest rate. It makes no sense

963
00:44:23,640 --> 00:44:25,680
Speaker 1: because they're not going to be able to afford even

964
00:44:25,719 --> 00:44:28,279
Speaker 1: the house that they already have given the way that

965
00:44:28,360 --> 00:44:30,719
Speaker 1: mortgage interest rates have gone up. Now they have come

966
00:44:30,760 --> 00:44:32,760
Speaker 1: down a little bit from their peak, but is still

967
00:44:32,960 --> 00:44:36,879
Speaker 1: significantly higher than where it was before. And as you're

968
00:44:36,920 --> 00:44:39,239
Speaker 1: referring to soccer, in terms of the builders, it's kind

969
00:44:39,239 --> 00:44:42,319
Speaker 1: of a worst of all worlds for them because on

970
00:44:42,360 --> 00:44:45,560
Speaker 1: the one hand, inflation has made materials very expensive for

971
00:44:45,680 --> 00:44:49,080
Speaker 1: them in terms of building. On the other hand, even

972
00:44:49,120 --> 00:44:51,040
Speaker 1: though the Fed has been hiking rates, you know, it

973
00:44:51,120 --> 00:44:54,239
Speaker 1: hasn't combated that inflation in terms of their materials and

974
00:44:54,280 --> 00:44:57,760
Speaker 1: their expenses, but it has jacked up also their borrowing costs.

975
00:44:57,760 --> 00:44:59,320
Speaker 4: So that's an issue for them as well.

976
00:44:59,520 --> 00:45:01,440
Speaker 1: One of the things things that frankly, we weren't about

977
00:45:01,520 --> 00:45:05,120
Speaker 1: very early in the Federal Reserve program of hiking interest

978
00:45:05,160 --> 00:45:08,560
Speaker 1: rates because it has constrained supply of housing and it

979
00:45:08,560 --> 00:45:12,080
Speaker 1: has made the housing situation even that much more difficult.

980
00:45:12,400 --> 00:45:15,640
Speaker 1: So you have low housing stock, you don't have enough homes,

981
00:45:15,680 --> 00:45:18,640
Speaker 1: you certainly don't have enough affordable homes. You have decades

982
00:45:18,680 --> 00:45:21,040
Speaker 1: of prices going up and up and up, making housing

983
00:45:21,120 --> 00:45:23,640
Speaker 1: unaffordable to start with. Then you layer on top of

984
00:45:23,680 --> 00:45:27,520
Speaker 1: that the mortgage interest that is just absolutely killing people,

985
00:45:27,560 --> 00:45:29,719
Speaker 1: and that's how you come to this place where so

986
00:45:29,920 --> 00:45:33,000
Speaker 1: few Americans feel that it is a decent time to

987
00:45:33,080 --> 00:45:36,440
Speaker 1: buy a house, record low feeling like it's a decent

988
00:45:36,480 --> 00:45:38,759
Speaker 1: time to buy a house. And you know, we talk

989
00:45:38,800 --> 00:45:41,720
Speaker 1: a lot about the housing market here, and the reason

990
00:45:41,760 --> 00:45:45,160
Speaker 1: we do is because it is so central to building

991
00:45:45,320 --> 00:45:48,120
Speaker 1: basic wealth and prosperity. I mean, that is the real

992
00:45:48,200 --> 00:45:52,000
Speaker 1: divide increasingly in America is between asset owners and particular

993
00:45:52,080 --> 00:45:55,400
Speaker 1: homeowners and people who do not own assets and do

994
00:45:55,480 --> 00:45:58,279
Speaker 1: not own wealth. And as Sober you cover in your

995
00:45:58,280 --> 00:46:00,400
Speaker 1: monologue the other day, those problems are only going to

996
00:46:00,440 --> 00:46:04,560
Speaker 1: get worse as boomers hand down their inheritances to their

997
00:46:04,760 --> 00:46:05,080
Speaker 1: you know.

998
00:46:05,080 --> 00:46:06,320
Speaker 4: Lucky children.

999
00:46:06,680 --> 00:46:09,600
Speaker 1: There's going to be a growing divide between those who

1000
00:46:09,600 --> 00:46:13,719
Speaker 1: can ever dream of getting onto the you know, home

1001
00:46:13,760 --> 00:46:17,000
Speaker 1: ownership ladder versus those who are going to be Listen,

1002
00:46:17,040 --> 00:46:19,000
Speaker 1: if you love renting and that's your thing. I'm not

1003
00:46:19,080 --> 00:46:21,719
Speaker 1: like there's no judgment here whatsoever, But a lot of

1004
00:46:21,719 --> 00:46:24,560
Speaker 1: people want to have a home, have that stability, be

1005
00:46:24,600 --> 00:46:26,560
Speaker 1: able to build well through it. And it is increasingly

1006
00:46:26,640 --> 00:46:29,600
Speaker 1: impossible for people to be able to do that last

1007
00:46:29,920 --> 00:46:33,239
Speaker 1: piece with regard to housing. You know, just to show

1008
00:46:33,280 --> 00:46:36,000
Speaker 1: you how much the mortgage rates here matter put this

1009
00:46:36,080 --> 00:46:38,800
Speaker 1: up on the screen from Politico. They had a piece

1010
00:46:39,160 --> 00:46:41,680
Speaker 1: a little while ago that said how the Fed's rate

1011
00:46:41,760 --> 00:46:44,719
Speaker 1: hikes helped drive up mortgage payments. You can see the

1012
00:46:44,800 --> 00:46:47,719
Speaker 1: average monthly mortgage payment for a typical US home has

1013
00:46:47,760 --> 00:46:51,880
Speaker 1: grown fifty percent since January thirty one, twenty twenty two.

1014
00:46:52,000 --> 00:46:56,440
Speaker 1: So basically, in a year, the average monthly mortgage payment

1015
00:46:56,760 --> 00:47:01,239
Speaker 1: has gone up by fifty percent. Just let I mean,

1016
00:47:01,360 --> 00:47:03,879
Speaker 1: let that soak in. And so that's why people who

1017
00:47:04,200 --> 00:47:06,480
Speaker 1: already have a home and have a lower mortgage interust rate,

1018
00:47:06,520 --> 00:47:09,280
Speaker 1: they're definitely not interested in selling if they can at

1019
00:47:09,280 --> 00:47:11,200
Speaker 1: all avoid it. They want to stay put until things

1020
00:47:11,239 --> 00:47:14,440
Speaker 1: come back down. If you're trying to get in to

1021
00:47:14,680 --> 00:47:17,160
Speaker 1: the market, this has made it so that what you're

1022
00:47:17,239 --> 00:47:20,080
Speaker 1: able to obtain is going to be so much less

1023
00:47:20,080 --> 00:47:22,000
Speaker 1: than what it was before, and in some cases, in

1024
00:47:22,040 --> 00:47:23,960
Speaker 1: many cases, it's just going to be completely off the

1025
00:47:23,960 --> 00:47:24,600
Speaker 1: table altogether.

1026
00:47:24,640 --> 00:47:25,160
Speaker 3: Yeah, exactly.

1027
00:47:25,239 --> 00:47:26,840
Speaker 2: I mean, I think that's why that graphic is just

1028
00:47:26,880 --> 00:47:29,560
Speaker 2: so poignant about the fifty percent increase over two years,

1029
00:47:29,560 --> 00:47:31,399
Speaker 2: and really sad part is you probably just won't ever

1030
00:47:31,440 --> 00:47:34,440
Speaker 2: go back. I saw a graphic going around that if

1031
00:47:34,440 --> 00:47:36,040
Speaker 2: you were able to get a less than two percent

1032
00:47:36,120 --> 00:47:38,480
Speaker 2: or two point five percent interest rate on your mortgage.

1033
00:47:38,520 --> 00:47:41,520
Speaker 2: It may be the single best trade that you'll ever

1034
00:47:41,600 --> 00:47:45,040
Speaker 2: make in your entire life. Wow, just through you know,

1035
00:47:45,680 --> 00:47:48,840
Speaker 2: fortuitous circumstances. For those who did it, God bless you.

1036
00:47:48,840 --> 00:47:52,319
Speaker 2: Although I guess you can't really leave. But for those

1037
00:47:52,360 --> 00:47:52,960
Speaker 2: who like.

1038
00:47:52,880 --> 00:47:53,960
Speaker 4: Your house, you'll be there forever.

1039
00:47:54,200 --> 00:47:56,560
Speaker 3: Yeah, exactly. I hope you like it because you're not leaving.

1040
00:47:57,360 --> 00:47:59,839
Speaker 2: But you know, for those who didn't get who did

1041
00:48:00,040 --> 00:48:02,239
Speaker 2: missed out on that, just as a matter of circumstance,

1042
00:48:02,400 --> 00:48:03,160
Speaker 2: it's still not fair.

1043
00:48:03,239 --> 00:48:04,239
Speaker 3: So we got to fix it something.

1044
00:48:04,280 --> 00:48:06,760
Speaker 1: Yeah, but I'm kind of kicking myself because I started

1045
00:48:06,800 --> 00:48:10,160
Speaker 1: the process of refinancing my mortgage at the time when

1046
00:48:10,560 --> 00:48:13,200
Speaker 1: it was like Atith Lewis, and then I like dropped

1047
00:48:13,239 --> 00:48:14,719
Speaker 1: the ball and didn't get my shit together and then

1048
00:48:14,719 --> 00:48:15,600
Speaker 1: the rates started going up.

1049
00:48:15,640 --> 00:48:17,120
Speaker 2: I have a friend who's got a one point out

1050
00:48:17,120 --> 00:48:19,319
Speaker 2: Crystal one point nine.

1051
00:48:19,560 --> 00:48:23,040
Speaker 3: Wow. Wow, man, you you lucked out, so good for him.

1052
00:48:23,120 --> 00:48:26,800
Speaker 1: Yes, indeed, there's another piece that you know. It tracks

1053
00:48:26,840 --> 00:48:29,800
Speaker 1: with the dire views of the housing market. It tracks

1054
00:48:29,800 --> 00:48:32,720
Speaker 1: with you know, people's just sense of hopelessness. It tracks

1055
00:48:32,760 --> 00:48:35,440
Speaker 1: with the fallout from the pandemic. God put this up

1056
00:48:35,480 --> 00:48:37,240
Speaker 1: on the screen. I mean, this is in some ways

1057
00:48:37,320 --> 00:48:39,520
Speaker 1: one of the worst metrics of how the country is

1058
00:48:39,560 --> 00:48:42,239
Speaker 1: doing that I've seen in a long time. US depression

1059
00:48:42,480 --> 00:48:46,960
Speaker 1: rates have reached a new high. So people who have

1060
00:48:47,040 --> 00:48:50,719
Speaker 1: been diagnosed with depression, who have ever had depression, who

1061
00:48:50,760 --> 00:48:54,200
Speaker 1: are currently being treated for depression, both of those metrics

1062
00:48:54,360 --> 00:48:59,040
Speaker 1: have reached an all time high, so twenty nine percent.

1063
00:48:59,360 --> 00:49:02,720
Speaker 1: That's a nearly ten percentage point hike since twenty fifteen.

1064
00:49:02,840 --> 00:49:04,600
Speaker 1: So we're not talking about a long time ago, but

1065
00:49:04,640 --> 00:49:07,000
Speaker 1: we've had a ten point hike in the percentage of

1066
00:49:07,000 --> 00:49:10,120
Speaker 1: Americans who currently have or are being treated for depression.

1067
00:49:10,120 --> 00:49:13,080
Speaker 1: That's at seventeen point eight percent. That's up about seven

1068
00:49:13,200 --> 00:49:17,560
Speaker 1: points over that period, highest recorded by Gallop since they

1069
00:49:17,600 --> 00:49:22,120
Speaker 1: started measuring depression. You have higher rates among women, so

1070
00:49:22,680 --> 00:49:24,960
Speaker 1: over one third of women thirty six point seven percent

1071
00:49:25,040 --> 00:49:27,960
Speaker 1: now report having been diagnosed at some point in their lifetime.

1072
00:49:28,120 --> 00:49:31,520
Speaker 1: That's compared to twenty point four percent of men. Their

1073
00:49:31,600 --> 00:49:33,920
Speaker 1: rate has also risen at nearly twice the rate of

1074
00:49:33,960 --> 00:49:38,160
Speaker 1: men since twenty seventeen. You've got young people who also

1075
00:49:38,200 --> 00:49:41,719
Speaker 1: have seen significant increases, So those aged eighteen to twenty nine,

1076
00:49:41,760 --> 00:49:44,440
Speaker 1: they're at thirty four percent. Those who are aged thirty

1077
00:49:44,440 --> 00:49:47,919
Speaker 1: to forty four, they're at thirty five percent, and their

1078
00:49:47,960 --> 00:49:51,600
Speaker 1: depression diagnosis rates have been among the ones that have

1079
00:49:51,640 --> 00:49:55,359
Speaker 1: spiked the most. Now in some of this is, you know,

1080
00:49:55,680 --> 00:49:58,080
Speaker 1: for example, the difference between men and women. I wonder

1081
00:49:58,080 --> 00:50:00,600
Speaker 1: how much of that is there's actually different differing rates

1082
00:50:00,600 --> 00:50:02,480
Speaker 1: of depression between men and women, and how much of

1083
00:50:02,520 --> 00:50:05,319
Speaker 1: it is women feel more comfortable admitting this and seeking help,

1084
00:50:05,480 --> 00:50:07,279
Speaker 1: And because you have the image of like, you know,

1085
00:50:07,400 --> 00:50:10,719
Speaker 1: masculinity and the strong, silent type of whatever, if there's

1086
00:50:10,760 --> 00:50:13,040
Speaker 1: more of a stigma there around seeking help and admitting

1087
00:50:13,080 --> 00:50:15,480
Speaker 1: you've been diagnosed or admitting you've struggled with depression, I

1088
00:50:15,520 --> 00:50:17,400
Speaker 1: genuinely don't know. I'm just putting that out there for

1089
00:50:17,400 --> 00:50:20,160
Speaker 1: people to consider. But the other thing they point to

1090
00:50:20,320 --> 00:50:22,520
Speaker 1: here is not going to be surprised, which is that

1091
00:50:23,440 --> 00:50:27,600
Speaker 1: you know, COVID nineteen and the social isolation and lockdowns

1092
00:50:27,640 --> 00:50:29,640
Speaker 1: and the fact that people were just at their home

1093
00:50:30,080 --> 00:50:33,399
Speaker 1: alone or with just their close nuclear family that has

1094
00:50:33,520 --> 00:50:37,800
Speaker 1: really exacerbated what was already a crisis in terms of depression.

1095
00:50:38,080 --> 00:50:42,920
Speaker 1: It's also contributed to significant substance abuse. So, and you know,

1096
00:50:43,080 --> 00:50:45,440
Speaker 1: mental health in this country. Mental health care in this

1097
00:50:45,520 --> 00:50:48,200
Speaker 1: country is really poorly lacking, so that contributes to this

1098
00:50:48,280 --> 00:50:48,839
Speaker 1: picture as well.

1099
00:50:49,040 --> 00:50:51,400
Speaker 2: Yeah, so I actually think I'm most concerned about the

1100
00:50:51,400 --> 00:50:54,759
Speaker 2: percent change because the percent change has gone up by

1101
00:50:54,800 --> 00:50:57,680
Speaker 2: eight point four percent in the last eight years. For men,

1102
00:50:57,719 --> 00:50:59,359
Speaker 2: it's gone up by five point seven. For women, it's

1103
00:50:59,360 --> 00:51:01,319
Speaker 2: gone up by ten point five. For those who are

1104
00:51:01,320 --> 00:51:03,879
Speaker 2: eighteen to twenty nine, it's gone up by thirteen point nine,

1105
00:51:04,000 --> 00:51:06,880
Speaker 2: thirty to thirty four, twelve point six, forty five to

1106
00:51:06,920 --> 00:51:09,480
Speaker 2: sixty four, or five point seven sixty five. On older

1107
00:51:09,800 --> 00:51:12,439
Speaker 2: it's only gone up by two percent. So the net

1108
00:51:12,520 --> 00:51:15,799
Speaker 2: increase specifically amongst people between eighteen to twenty nine and

1109
00:51:15,840 --> 00:51:18,439
Speaker 2: thirty to forty four just comes from a general sense

1110
00:51:18,480 --> 00:51:22,160
Speaker 2: of malaise and also your inability to think that you

1111
00:51:22,160 --> 00:51:24,359
Speaker 2: can get out of your current circumstances. And I think

1112
00:51:24,440 --> 00:51:27,200
Speaker 2: that is probably the toughest single thing, and it's also

1113
00:51:27,280 --> 00:51:29,839
Speaker 2: explains a lot of our social ills. It's why people

1114
00:51:29,840 --> 00:51:31,719
Speaker 2: are angry so much, a lot of violence right now.

1115
00:51:31,719 --> 00:51:34,040
Speaker 2: It's just people are pissed. They're like they're popping off

1116
00:51:34,040 --> 00:51:37,800
Speaker 2: for literally no reason. Ask anybody who works in law enforcement. Also,

1117
00:51:37,880 --> 00:51:42,200
Speaker 2: the amount of rage road rage incidents is sky high.

1118
00:51:42,480 --> 00:51:44,320
Speaker 3: I actually witnessed two or three today.

1119
00:51:44,400 --> 00:51:46,319
Speaker 2: Wow, well, you know what you just want to You'll

1120
00:51:46,360 --> 00:51:47,600
Speaker 2: be like, I want to be in the brain of

1121
00:51:47,640 --> 00:51:49,960
Speaker 2: somebody who thinks it's okay. I do not want to

1122
00:51:50,000 --> 00:51:51,680
Speaker 2: be in that brain. No, I'm just want to be

1123
00:51:51,719 --> 00:51:53,920
Speaker 2: like a horrible place to explain it to me. Explain

1124
00:51:53,960 --> 00:51:55,920
Speaker 2: to me why you're more important than five hundred other

1125
00:51:55,960 --> 00:51:58,640
Speaker 2: people who are in line. Well, what's happening inside of you?

1126
00:51:58,800 --> 00:52:00,680
Speaker 2: It's like how were you raised to get to this point?

1127
00:52:00,719 --> 00:52:03,040
Speaker 2: And then also you know what happened on this particular day.

1128
00:52:03,080 --> 00:52:04,000
Speaker 3: Everybody has bad days.

1129
00:52:04,000 --> 00:52:06,200
Speaker 2: It's okay, but we're having a lot more bad days

1130
00:52:06,239 --> 00:52:07,800
Speaker 2: on average than good days.

1131
00:52:07,880 --> 00:52:09,839
Speaker 3: And then that's the question of like why how does

1132
00:52:09,880 --> 00:52:12,040
Speaker 3: this all happen? And I think, you know.

1133
00:52:12,120 --> 00:52:16,200
Speaker 2: It's COVID lockdowns. It just accelerated it, Like it's not

1134
00:52:16,680 --> 00:52:18,520
Speaker 2: the answer. I was also looking at, you know, not

1135
00:52:18,560 --> 00:52:20,640
Speaker 2: only the team depression rate, it's also it's been on

1136
00:52:20,680 --> 00:52:23,120
Speaker 2: the rise now for quite a long time, and I

1137
00:52:23,120 --> 00:52:25,799
Speaker 2: think I have to go back to the phone analysis

1138
00:52:25,840 --> 00:52:28,640
Speaker 2: a lot of it as you see a huge spike

1139
00:52:29,160 --> 00:52:33,400
Speaker 2: in depression between eighteen to forty four year olds.

1140
00:52:33,600 --> 00:52:35,960
Speaker 3: That happened right around twenty eleven.

1141
00:52:36,000 --> 00:52:38,960
Speaker 2: And the reason why twenty eleven or twenty twelve is

1142
00:52:39,000 --> 00:52:41,840
Speaker 2: a pretty good benchmark is because that is when mass

1143
00:52:41,880 --> 00:52:44,480
Speaker 2: availability of smartphones, not just when the iPhone came out,

1144
00:52:44,480 --> 00:52:46,600
Speaker 2: but whenever I am massive iPhone four. It really was a

1145
00:52:46,680 --> 00:52:49,560
Speaker 2: jump off for a lot of people. The move from

1146
00:52:49,600 --> 00:52:53,520
Speaker 2: the BlackBerry to the smartphone, and also the rise of Facebook, Twitter,

1147
00:52:53,760 --> 00:52:56,680
Speaker 2: and Instagram and all of these other apps kind of

1148
00:52:56,760 --> 00:52:58,879
Speaker 2: right hits that on. Now. You know, can you live

1149
00:52:58,880 --> 00:53:01,359
Speaker 2: without them? No, wouldn't literally it wouldn't be here without them.

1150
00:53:01,360 --> 00:53:04,319
Speaker 2: So you know, it's complicated, but it's very complicated. It's

1151
00:53:04,320 --> 00:53:07,640
Speaker 2: complicated that said, I mean, we got to find some

1152
00:53:07,680 --> 00:53:09,840
Speaker 2: sort of balance and I you know here and we

1153
00:53:09,880 --> 00:53:12,680
Speaker 2: see it a lot from people. People feel very not

1154
00:53:12,800 --> 00:53:15,759
Speaker 2: optimistic about starting a family, about even getting in a relationship.

1155
00:53:15,800 --> 00:53:19,840
Speaker 2: Everything's kind of been gamified, smartphoneified. And again, you know,

1156
00:53:19,880 --> 00:53:22,160
Speaker 2: you can't go back from where we are right now,

1157
00:53:22,200 --> 00:53:24,920
Speaker 2: but I think acknowledging it at the very least is important.

1158
00:53:25,000 --> 00:53:25,239
Speaker 3: Yeah.

1159
00:53:25,280 --> 00:53:26,640
Speaker 2: Also, you know, it should open up a lot of

1160
00:53:26,640 --> 00:53:29,560
Speaker 2: discussion Gristle about SSRIs. We have covered all those stories

1161
00:53:29,760 --> 00:53:32,799
Speaker 2: about whether SSRIs even work, you know, relative to all

1162
00:53:32,880 --> 00:53:36,680
Speaker 2: of the downsides, how exercise itself seems to have the

1163
00:53:36,760 --> 00:53:40,040
Speaker 2: exact same level of upside without any of the risk.

1164
00:53:40,200 --> 00:53:43,680
Speaker 2: I'm totally open now having watched Michael Pollin's documentary and

1165
00:53:43,760 --> 00:53:47,680
Speaker 2: book about the use of potential you know, psychedelics in.

1166
00:53:47,640 --> 00:53:49,200
Speaker 3: A clinical setting.

1167
00:53:49,520 --> 00:53:51,960
Speaker 2: But more importantly, it's like we have to pursue all

1168
00:53:52,040 --> 00:53:54,600
Speaker 2: options with a vigorous I think, and yeah, with a

1169
00:53:54,680 --> 00:53:55,560
Speaker 2: vigorous attitude.

1170
00:53:55,600 --> 00:53:58,640
Speaker 1: I do want to point out to that, you know,

1171
00:53:58,719 --> 00:54:01,439
Speaker 1: some of the trends that we track here are really

1172
00:54:01,520 --> 00:54:05,600
Speaker 1: unique to the US. This one is actually not. This

1173
00:54:05,760 --> 00:54:10,080
Speaker 1: is actually pretty consistent with global rates of depression and anxiety,

1174
00:54:10,440 --> 00:54:13,399
Speaker 1: which I think also would fit with the idea that

1175
00:54:13,520 --> 00:54:16,040
Speaker 1: you know, the smartphone has been a major contributor, because

1176
00:54:16,040 --> 00:54:20,680
Speaker 1: obviously that's not a US specific phenomenon, so it's it's

1177
00:54:20,800 --> 00:54:24,160
Speaker 1: very multifaceted. I also agree with you that COVID was

1178
00:54:24,160 --> 00:54:28,640
Speaker 1: an accelerant of trends that were already existing. And you know,

1179
00:54:28,840 --> 00:54:30,920
Speaker 1: I think this is a major crisis just in terms

1180
00:54:30,920 --> 00:54:36,280
Speaker 1: of oftentimes the only way that the US, the US government,

1181
00:54:36,719 --> 00:54:39,160
Speaker 1: media pundits know how to track well being in the

1182
00:54:39,280 --> 00:54:41,960
Speaker 1: US is like by money or the unemployment rate, or

1183
00:54:42,080 --> 00:54:44,839
Speaker 1: you know, or the stock market, which is a particularly

1184
00:54:44,880 --> 00:54:48,000
Speaker 1: poor indicator of how the country is doing. But to me,

1185
00:54:48,880 --> 00:54:51,919
Speaker 1: core issues like you know, whether people feel like they'll

1186
00:54:51,920 --> 00:54:54,240
Speaker 1: ever be able to buy a house, how they're feeling

1187
00:54:54,239 --> 00:54:56,520
Speaker 1: about themselves day to day, how much of a struggle

1188
00:54:56,560 --> 00:54:58,600
Speaker 1: it is for them to get through their day. You know,

1189
00:54:58,640 --> 00:55:03,040
Speaker 1: the levels of depression, anxiety, self reported loneliness. Loneliness can

1190
00:55:03,080 --> 00:55:06,920
Speaker 1: be really devastating, and it's under discussed as well. These

1191
00:55:06,960 --> 00:55:08,799
Speaker 1: are the sort of core metrics that I think really

1192
00:55:08,800 --> 00:55:11,560
Speaker 1: make up a healthy society and unfortunately we're failing on

1193
00:55:11,600 --> 00:55:12,120
Speaker 1: a lot of them.

1194
00:55:12,280 --> 00:55:12,800
Speaker 3: Yeah.

1195
00:55:12,840 --> 00:55:14,480
Speaker 2: You know, it's one of those where at the very

1196
00:55:14,600 --> 00:55:16,839
Speaker 2: least people need to take it seriously.

1197
00:55:17,120 --> 00:55:18,640
Speaker 3: Yeah, and that's the most important thing.

1198
00:55:21,480 --> 00:55:25,000
Speaker 2: Speaking of mental illness and things that are you know,

1199
00:55:25,600 --> 00:55:29,200
Speaker 2: really out of whacking that turn for a while, people

1200
00:55:29,200 --> 00:55:33,240
Speaker 2: who have been maybe displaying narcissistic behavior now for years.

1201
00:55:33,560 --> 00:55:38,480
Speaker 2: There was a fascinating incident that happened yesterday, So we

1202
00:55:38,600 --> 00:55:41,319
Speaker 2: began the day. There was a statement that was put

1203
00:55:41,320 --> 00:55:44,320
Speaker 2: out by the Duke and Duchess, the Duke and Duchess

1204
00:55:44,360 --> 00:55:46,960
Speaker 2: Harry and Megan that we may call them here in

1205
00:55:47,000 --> 00:55:49,480
Speaker 2: the United States. Let's put this up there on the screen.

1206
00:55:49,480 --> 00:55:52,239
Speaker 2: They put out a statement, they say, last night, the

1207
00:55:52,320 --> 00:55:55,600
Speaker 2: Duke and Duchess of Sussex and missus Raglan that's the

1208
00:55:55,640 --> 00:55:58,759
Speaker 2: mother in law, were involved in a near catastrophic car

1209
00:55:58,840 --> 00:56:03,759
Speaker 2: chase at the of a ring of highly aggressive paparazzi.

1210
00:56:04,280 --> 00:56:09,840
Speaker 2: This relentless pursuit, lasting over two hours, resulted in multiple

1211
00:56:10,040 --> 00:56:15,000
Speaker 2: near collisions involving other drivers on the road, pedestrians, and

1212
00:56:15,080 --> 00:56:18,600
Speaker 2: two NYPD officers. While being a public figure comes with

1213
00:56:18,640 --> 00:56:20,680
Speaker 2: a level of interest from the public, it should never

1214
00:56:20,760 --> 00:56:24,600
Speaker 2: come at the cost of anyone's safety. Disseminations of these images,

1215
00:56:24,600 --> 00:56:26,560
Speaker 2: given the way in which they were obtained, encourages a

1216
00:56:26,600 --> 00:56:29,280
Speaker 2: highly intrusive practice that is dangerous to all involved.

1217
00:56:29,360 --> 00:56:29,640
Speaker 3: Hmm.

1218
00:56:30,160 --> 00:56:33,239
Speaker 2: Okay, so we have a couple of questions here immediately

1219
00:56:33,320 --> 00:56:35,640
Speaker 2: about this. Obviously, you know we can we should have

1220
00:56:35,640 --> 00:56:38,279
Speaker 2: some empathy for Prince Harry. His mother literally died in

1221
00:56:38,320 --> 00:56:43,400
Speaker 2: an incident where well, maybe we're racing away from paparazzi. Okay,

1222
00:56:43,400 --> 00:56:45,480
Speaker 2: so at least that's the official narrative. Maybe that's what

1223
00:56:45,560 --> 00:56:47,960
Speaker 2: he believes. So if so, maybe he's going to be

1224
00:56:48,000 --> 00:56:50,600
Speaker 2: sensitive about that. All right, so let's break some of

1225
00:56:50,640 --> 00:56:53,040
Speaker 2: it down. So first and foremost, what are we all

1226
00:56:53,080 --> 00:56:54,080
Speaker 2: asking about?

1227
00:56:54,239 --> 00:56:55,000
Speaker 3: Two hours?

1228
00:56:55,360 --> 00:56:59,200
Speaker 2: Yeah, two hour near catastrophic car chase in the middle

1229
00:56:59,200 --> 00:57:02,800
Speaker 2: of down mid Town Manhattan. That's pretty interesting for anybody

1230
00:57:02,840 --> 00:57:05,239
Speaker 2: who's ever lived there, who's ever spent any time there.

1231
00:57:05,719 --> 00:57:07,920
Speaker 1: You guys, Now, Midtown is like Times Square.

1232
00:57:07,760 --> 00:57:11,680
Speaker 2: Yeah, Times Square, So we're this place has bump bumper

1233
00:57:11,719 --> 00:57:15,239
Speaker 2: traffic like twenty four to seven, especially at the time

1234
00:57:15,560 --> 00:57:17,600
Speaker 2: that they were leaving, So that's kind of crazy. How

1235
00:57:17,600 --> 00:57:20,080
Speaker 2: do you have a near catastrophic car chase? Then they

1236
00:57:20,120 --> 00:57:22,800
Speaker 2: say that it had near collisions with other drivers on

1237
00:57:22,840 --> 00:57:29,000
Speaker 2: the road, pedestrians and two NYPD officers. So immediately, of course, okay, well,

1238
00:57:29,040 --> 00:57:32,000
Speaker 2: you know, maybe this happened. Let's talk to the NYPD.

1239
00:57:32,080 --> 00:57:33,480
Speaker 2: So here's what they had to say. Let's put this

1240
00:57:33,560 --> 00:57:35,960
Speaker 2: up there on the screen. Here's what they say. On

1241
00:57:36,000 --> 00:57:39,440
Speaker 2: Wednesday evening May sixteen, the NYPD assisted the private security

1242
00:57:39,440 --> 00:57:41,920
Speaker 2: team protecting the Duke and Duchess of Sussex. They were

1243
00:57:42,040 --> 00:57:45,800
Speaker 2: numerous photographers that made their transport challenging. The Duke and

1244
00:57:45,880 --> 00:57:50,000
Speaker 2: Duchess arrived at their destination and there were no reported collisions.

1245
00:57:50,040 --> 00:57:55,320
Speaker 2: Summons says injuries, arrest in regard. Oh so no collisions,

1246
00:57:55,320 --> 00:57:58,080
Speaker 2: no summons says, no injuries, no arrests in regard, no

1247
00:57:58,160 --> 00:58:01,480
Speaker 2: officers were put at risk as were originally claimed. So

1248
00:58:01,600 --> 00:58:04,160
Speaker 2: already we have some questions here about the two hour thing.

1249
00:58:04,240 --> 00:58:07,680
Speaker 2: Now the NYPD basically says that's actually not what happened

1250
00:58:07,840 --> 00:58:11,320
Speaker 2: at all. Then Mayor Eric Adams, who presumably also had

1251
00:58:11,520 --> 00:58:13,760
Speaker 2: been read in a little bit on the incident, he

1252
00:58:14,000 --> 00:58:15,680
Speaker 2: poured cold water on the entire thing.

1253
00:58:15,920 --> 00:58:17,120
Speaker 3: Let's take a listen to what he said.

1254
00:58:17,720 --> 00:58:20,880
Speaker 8: I would find it hard to believe that there was

1255
00:58:20,960 --> 00:58:24,600
Speaker 8: a two hour high speed chase. That would be I

1256
00:58:24,680 --> 00:58:26,840
Speaker 8: find out hard to believe. But we will find out

1257
00:58:26,880 --> 00:58:30,560
Speaker 8: the exact duration of it. But if it's a ten minutes,

1258
00:58:30,600 --> 00:58:33,680
Speaker 8: a ten minute chase is extremely dangerous in New York City.

1259
00:58:33,840 --> 00:58:36,959
Speaker 2: Ten minute chase is extremely dangerously right And unfortunately though

1260
00:58:37,000 --> 00:58:38,880
Speaker 2: for them and their version of events, it doesn't even

1261
00:58:38,960 --> 00:58:40,760
Speaker 2: look like even that ten minute chase happened.

1262
00:58:41,000 --> 00:58:41,880
Speaker 3: Let's put this up there.

1263
00:58:41,800 --> 00:58:45,120
Speaker 2: On the screen because the taxi driver that they got

1264
00:58:45,160 --> 00:58:47,480
Speaker 2: into a taxi he says, I don't.

1265
00:58:47,240 --> 00:58:48,520
Speaker 3: Think I would call it a chase.

1266
00:58:49,000 --> 00:58:51,200
Speaker 2: He says, I never felt like I was in danger,

1267
00:58:51,440 --> 00:58:53,080
Speaker 2: they were quiet, they seem scared.

1268
00:58:53,160 --> 00:58:54,720
Speaker 3: But it's New York. It's safe.

1269
00:58:54,840 --> 00:58:57,360
Speaker 2: By the way, whenever he says that, what he's actually

1270
00:58:57,400 --> 00:59:01,160
Speaker 2: saying is it's midtown Manhattan, that it's safe. And look,

1271
00:59:01,280 --> 00:59:05,120
Speaker 2: I think that that is very obviously true. Now, furthermore,

1272
00:59:05,360 --> 00:59:09,480
Speaker 2: there's actually been even more reporting since we put these together, Crystal,

1273
00:59:09,760 --> 00:59:13,840
Speaker 2: And in fact, according to police sources who are countering

1274
00:59:13,880 --> 00:59:17,160
Speaker 2: this claim, not only was there no car chase all

1275
00:59:17,200 --> 00:59:21,600
Speaker 2: of that, but they say that this entire episode lasted

1276
00:59:21,720 --> 00:59:25,320
Speaker 2: only twenty minutes and did not involve the amount of

1277
00:59:25,360 --> 00:59:29,920
Speaker 2: paparazzi that they claim. In fact, the cops who escorted

1278
00:59:29,960 --> 00:59:32,920
Speaker 2: Harry and Megan out of the event and to their

1279
00:59:33,000 --> 00:59:36,480
Speaker 2: home or wherever they were staying, they say they.

1280
00:59:36,320 --> 00:59:40,920
Speaker 3: Were home twenty minutes after leaving the event.

1281
00:59:41,280 --> 00:59:45,640
Speaker 2: This entire thing appears to be, based on the full

1282
00:59:45,800 --> 00:59:50,480
Speaker 2: availability of the evidence as it currently exists, does not

1283
00:59:50,600 --> 00:59:53,160
Speaker 2: appear to have happened in the way that they said, Crystal,

1284
00:59:53,480 --> 00:59:56,240
Speaker 2: And we can say that from the taxi drivers on record,

1285
00:59:56,280 --> 00:59:59,000
Speaker 2: from the NYPD, from the mayor, from the police sources

1286
00:59:59,040 --> 01:00:00,720
Speaker 2: that have all put this out, a.

1287
01:00:00,680 --> 01:00:03,760
Speaker 1: Lack of video, the lack of video, this is Mintown, Manhattan.

1288
01:00:03,760 --> 01:00:05,440
Speaker 1: There's people with cell phone cameras everywhere.

1289
01:00:05,480 --> 01:00:06,800
Speaker 4: The video arps do anything.

1290
01:00:06,680 --> 01:00:10,280
Speaker 2: Come out from people who showed the paparazzi around the

1291
01:00:10,280 --> 01:00:12,919
Speaker 2: car out of red light by the way, doing anything wrong?

1292
01:00:13,120 --> 01:00:15,439
Speaker 2: Then a cop car was coming, except the cop car

1293
01:00:15,520 --> 01:00:17,880
Speaker 2: wasn't escorting them. He just came through and he turned right.

1294
01:00:18,160 --> 01:00:19,880
Speaker 2: He didn't go in the same direction. So even their

1295
01:00:19,960 --> 01:00:23,400
Speaker 2: version of events on that one is total BS. So look,

1296
01:00:23,480 --> 01:00:26,040
Speaker 2: I mean, looking at all of this, it is very

1297
01:00:26,080 --> 01:00:29,360
Speaker 2: clear that this did not happen that the way that

1298
01:00:29,440 --> 01:00:32,080
Speaker 2: they said it did, based upon their recollections and all

1299
01:00:32,120 --> 01:00:34,920
Speaker 2: the stuff that is in the public domain at this moment.

1300
01:00:34,960 --> 01:00:37,000
Speaker 2: And it's just a further part of the we want

1301
01:00:37,040 --> 01:00:37,680
Speaker 2: Privacy tour.

1302
01:00:37,800 --> 01:00:40,439
Speaker 1: Yes, I don't know how many of you watched the

1303
01:00:40,560 --> 01:00:42,640
Speaker 1: South Park episode. Yeah, Harry and Meghan that they were

1304
01:00:42,680 --> 01:00:45,280
Speaker 1: suing them over right, the whole.

1305
01:00:45,120 --> 01:00:46,840
Speaker 3: Well, they could, they considered it. They considered it.

1306
01:00:46,840 --> 01:00:47,280
Speaker 4: Oh they didn't.

1307
01:00:47,280 --> 01:00:47,640
Speaker 3: There's a thing.

1308
01:00:47,880 --> 01:00:50,320
Speaker 2: They're in America, Sorry, Harry and Meghan. You're not in

1309
01:00:50,360 --> 01:00:52,840
Speaker 2: your BS country where you can just sue people for

1310
01:00:52,880 --> 01:00:54,600
Speaker 2: no reason and may impossibly win.

1311
01:00:54,960 --> 01:00:57,080
Speaker 3: In America, we have much better laws.

1312
01:00:57,560 --> 01:01:00,680
Speaker 1: So in the South Park episode, the whole central core

1313
01:01:00,720 --> 01:01:03,120
Speaker 1: of the plot is that Harry and Meghan are going

1314
01:01:03,160 --> 01:01:06,640
Speaker 1: on people who look like Harry yea bear some resemblance

1315
01:01:06,680 --> 01:01:10,280
Speaker 1: to them, are going on a worldwide privacy tour where

1316
01:01:10,320 --> 01:01:12,200
Speaker 1: they go and they decide they're going to move to

1317
01:01:12,280 --> 01:01:14,760
Speaker 1: South Park to like get their privacy, and they're out

1318
01:01:14,800 --> 01:01:17,520
Speaker 1: like picketing, like we just want to be left alone,

1319
01:01:17,520 --> 01:01:19,920
Speaker 1: and everyone's like, we're trying to leave you alone, like

1320
01:01:19,960 --> 01:01:23,440
Speaker 1: please leave us alone. And this is almost literally like

1321
01:01:23,520 --> 01:01:27,400
Speaker 1: it is literally the South Park episode, Like you, okay,

1322
01:01:27,480 --> 01:01:29,760
Speaker 1: there were some paparazzi. I don't think anyone is going

1323
01:01:29,840 --> 01:01:32,200
Speaker 1: to be shocked by that. Paparazzi can be aggressive. I

1324
01:01:32,240 --> 01:01:34,240
Speaker 1: don't think anybody, including yourselves, are going to be shocked

1325
01:01:34,280 --> 01:01:38,800
Speaker 1: by that either. But by wildly overstating this, it's like, yeah,

1326
01:01:38,840 --> 01:01:40,720
Speaker 1: we are trying to leave you alone, but you just

1327
01:01:40,800 --> 01:01:42,160
Speaker 1: keep putting yourself at our faces.

1328
01:01:42,200 --> 01:01:43,400
Speaker 4: Do I want to cover Harry and Meghan?

1329
01:01:43,400 --> 01:01:46,480
Speaker 1: No, not really, but like this is just too absurd

1330
01:01:46,760 --> 01:01:49,760
Speaker 1: to not talk about. In the direct contradiction from the police,

1331
01:01:49,800 --> 01:01:52,520
Speaker 1: from the mayor, from like everybody who had anything to

1332
01:01:52,600 --> 01:01:54,800
Speaker 1: the taxi driver, for anybody who had anything to do

1333
01:01:54,840 --> 01:01:55,280
Speaker 1: with it.

1334
01:01:55,120 --> 01:01:58,520
Speaker 2: It's the reason I feel compelled to debunk this and

1335
01:01:58,560 --> 01:02:01,240
Speaker 2: to talk about this is because I know that this

1336
01:02:01,320 --> 01:02:04,800
Speaker 2: will just be regurgitated by the page sixes and all

1337
01:02:04,840 --> 01:02:06,960
Speaker 2: of these other people. In fact, the funniest thing is

1338
01:02:07,040 --> 01:02:10,440
Speaker 2: in Britain they think that Harry and Meghan are a

1339
01:02:10,520 --> 01:02:12,960
Speaker 2: joke and they are reviled. The only people who believe

1340
01:02:13,000 --> 01:02:16,240
Speaker 2: her and anything that she says are idiots in America.

1341
01:02:15,840 --> 01:02:17,920
Speaker 3: Who are like, oh my god, it's a real life princess.

1342
01:02:18,280 --> 01:02:21,160
Speaker 2: And that's the issue is like we are the suckers,

1343
01:02:21,240 --> 01:02:22,360
Speaker 2: our media are the life.

1344
01:02:22,560 --> 01:02:24,480
Speaker 1: How much of that sentiment still exists in this way?

1345
01:02:24,560 --> 01:02:27,440
Speaker 1: I'm genuinely asking, because I have my sense is that

1346
01:02:27,520 --> 01:02:29,320
Speaker 1: everybody is like, please go away.

1347
01:02:29,440 --> 01:02:31,520
Speaker 2: That's words, you're around the normal people. There are a

1348
01:02:31,600 --> 01:02:34,640
Speaker 2: lot of girls out there who love Megan. They think

1349
01:02:34,680 --> 01:02:36,880
Speaker 2: that she told the truth in her OPRAH interview, even

1350
01:02:36,920 --> 01:02:38,480
Speaker 2: though there's not a lot of evidence to say that

1351
01:02:38,520 --> 01:02:41,000
Speaker 2: she told the truth in her OPRAH interview. I mean,

1352
01:02:41,240 --> 01:02:42,760
Speaker 2: and look, you can hate the royal family if you

1353
01:02:42,760 --> 01:02:44,360
Speaker 2: want to, that's fine, but like that doesn't mean you

1354
01:02:44,360 --> 01:02:47,440
Speaker 2: have to believe a complete narcissist. And like that's it's

1355
01:02:47,520 --> 01:02:51,160
Speaker 2: very clear what her game has been too normal folks

1356
01:02:51,200 --> 01:02:55,280
Speaker 2: like us, but not everybody feels that way. And the

1357
01:02:55,360 --> 01:02:58,160
Speaker 2: point is is that, you know, looking at the way

1358
01:02:58,200 --> 01:03:02,280
Speaker 2: that her claims were reported, immediately was as truth. They

1359
01:03:02,320 --> 01:03:05,160
Speaker 2: were like, oh my gosh, this is terrible, catastrophic all

1360
01:03:05,240 --> 01:03:09,840
Speaker 2: that not one ounce of skepticism, except again from the

1361
01:03:09,880 --> 01:03:13,280
Speaker 2: Brits and you know, Megan Kelly, people like me and

1362
01:03:13,920 --> 01:03:16,160
Speaker 2: a few others who are like, yeah, I don't think so, man,

1363
01:03:16,520 --> 01:03:18,720
Speaker 2: this whole thing doesn't really add up.

1364
01:03:18,800 --> 01:03:21,040
Speaker 1: I don't want to a smirch page six, which I

1365
01:03:21,080 --> 01:03:22,400
Speaker 1: think does some phoenomenal report.

1366
01:03:22,560 --> 01:03:25,240
Speaker 3: Right, you're right, I'm sorry I did not go after that.

1367
01:03:25,320 --> 01:03:27,520
Speaker 2: They're only doing what they're told, I guess just you know,

1368
01:03:27,600 --> 01:03:29,160
Speaker 2: technically their entire job.

1369
01:03:29,200 --> 01:03:31,320
Speaker 1: But yeah, we may trade in gossip, that's what they do.

1370
01:03:31,440 --> 01:03:33,120
Speaker 1: But you would think that there would be a moment

1371
01:03:33,120 --> 01:03:35,480
Speaker 1: of like, two are car chase in midtown men? Yeah?

1372
01:03:35,560 --> 01:03:36,000
Speaker 3: Exactly.

1373
01:03:36,320 --> 01:03:38,520
Speaker 2: That's my thing is, how do you say with a

1374
01:03:38,600 --> 01:03:42,360
Speaker 2: straight face, but you had a car chase in midtown

1375
01:03:42,360 --> 01:03:45,360
Speaker 2: Manhattan for two hours. Most of that time you'd be

1376
01:03:45,400 --> 01:03:48,240
Speaker 2: sitting in traffic, and all of the evidence that came

1377
01:03:48,280 --> 01:03:51,120
Speaker 2: out from it is people sitting in traffic So there

1378
01:03:51,120 --> 01:03:53,600
Speaker 2: you go. All right, let's talk about Fox News and

1379
01:03:53,840 --> 01:03:55,560
Speaker 2: let's put this up there on the screen. This is

1380
01:03:55,600 --> 01:03:58,080
Speaker 2: big news being reported by Matt Drudge over at the

1381
01:03:58,160 --> 01:04:01,200
Speaker 2: Drudge Report. Fox News is currently denying it, but Drudge

1382
01:04:01,240 --> 01:04:04,240
Speaker 2: Report says that Sean Hannity appears to be ready to

1383
01:04:04,320 --> 01:04:07,440
Speaker 2: replace Tucker Carlson in a major shakeup.

1384
01:04:07,520 --> 01:04:09,440
Speaker 3: Now here's what he says from Drudge.

1385
01:04:09,480 --> 01:04:13,080
Speaker 2: He says, world exclusive, Fox News sets a new schedule.

1386
01:04:13,160 --> 01:04:16,920
Speaker 2: So Drudge is claiming that the new primetime gigs will

1387
01:04:16,960 --> 01:04:20,080
Speaker 2: both go to Sean Hannity, to Jesse Waters, and to

1388
01:04:20,200 --> 01:04:24,520
Speaker 2: Greg Guttfeld to stack the primetime lineup. Seven PM currently

1389
01:04:24,640 --> 01:04:28,120
Speaker 2: is where they might move him too, because Guttfeld is

1390
01:04:28,120 --> 01:04:30,880
Speaker 2: currently on at eleven PM and also on the five

1391
01:04:30,920 --> 01:04:34,080
Speaker 2: PM show called The Five. The reason why that this

1392
01:04:34,120 --> 01:04:35,960
Speaker 2: is a big deal is not only would they say

1393
01:04:35,960 --> 01:04:38,520
Speaker 2: that Hannity, their current higher rated host, is just going

1394
01:04:38,600 --> 01:04:42,760
Speaker 2: to slot in and take over Tucker Carlson's timeslot, It's

1395
01:04:42,840 --> 01:04:46,960
Speaker 2: that it would also involve a drop of Laura Ingram. Now, again,

1396
01:04:47,120 --> 01:04:49,240
Speaker 2: as I said, let's put this up there. Fox is

1397
01:04:49,320 --> 01:04:51,800
Speaker 2: denying that any of this is the case. They say

1398
01:04:51,840 --> 01:04:54,680
Speaker 2: no decision has been made on a new primetime lineup,

1399
01:04:54,720 --> 01:04:59,320
Speaker 2: and there are multiple scenarios under consideration, not really a

1400
01:04:59,360 --> 01:05:02,000
Speaker 2: full scale de Nile, because all Drudge is saying is

1401
01:05:02,040 --> 01:05:04,160
Speaker 2: a major shakeup is happening, and the main thing that

1402
01:05:04,200 --> 01:05:06,880
Speaker 2: he is reporting is that Sean Hannity is going to

1403
01:05:07,200 --> 01:05:09,960
Speaker 2: the eight pm hour. It's certainly possible that it doesn't happen,

1404
01:05:10,200 --> 01:05:12,560
Speaker 2: you know, I guess it's possible it doesn't. Drudge though,

1405
01:05:12,920 --> 01:05:17,160
Speaker 2: generally pretty good whenever it comes to internal news. I

1406
01:05:17,200 --> 01:05:19,560
Speaker 2: guess you could say of the Fox News channel because

1407
01:05:19,560 --> 01:05:21,600
Speaker 2: he was very tight and has a lot of sources there.

1408
01:05:21,600 --> 01:05:23,040
Speaker 3: He actually used to work there. You know.

1409
01:05:23,200 --> 01:05:26,000
Speaker 2: Now at some point the real question is, uh, you know,

1410
01:05:26,080 --> 01:05:29,040
Speaker 2: will lor Ingram get the boot? And then second, this

1411
01:05:29,320 --> 01:05:33,120
Speaker 2: only only codifies so much of what I've talked about

1412
01:05:33,120 --> 01:05:34,680
Speaker 2: here is there. If they're not even gonna try and

1413
01:05:34,720 --> 01:05:37,880
Speaker 2: replace Tucker, they're just going to slot in Sean Hannity yea,

1414
01:05:37,960 --> 01:05:40,200
Speaker 2: and move in there, that's an admission of failure.

1415
01:05:40,280 --> 01:05:41,240
Speaker 3: It's a huge admission.

1416
01:05:41,280 --> 01:05:45,080
Speaker 1: It's such it's very consistent, Yeah, with MSNBC's approach to

1417
01:05:45,840 --> 01:05:48,200
Speaker 1: not even trying to replace Rachel Mack, really putting in

1418
01:05:48,240 --> 01:05:50,280
Speaker 1: Alex Wagner, who's just like a you know, sort of

1419
01:05:50,320 --> 01:05:54,280
Speaker 1: standard issue news host. It's consistent with CNN just moving

1420
01:05:54,320 --> 01:05:57,160
Speaker 1: Caitlyn Collins to primetime. I mean, does anyone really expect

1421
01:05:57,160 --> 01:05:59,520
Speaker 1: she's Maybe they're deluding themselves and I'm thinking she's going

1422
01:05:59,560 --> 01:06:01,440
Speaker 1: to be some good luck star, but you know, to me,

1423
01:06:01,520 --> 01:06:04,400
Speaker 1: she's just another sort of like standard issue news hosts

1424
01:06:04,480 --> 01:06:07,440
Speaker 1: like many of the other ones. So it is consistent

1425
01:06:07,960 --> 01:06:11,520
Speaker 1: with a pattern of effectively managed to climb that is

1426
01:06:12,120 --> 01:06:15,240
Speaker 1: quite evident at every one of these networks. We have

1427
01:06:15,680 --> 01:06:19,120
Speaker 1: a non denial denial about the Laura Ingram thing as

1428
01:06:19,160 --> 01:06:22,520
Speaker 1: well that we can report. So a network spokesperson said,

1429
01:06:22,680 --> 01:06:25,720
Speaker 1: this is kind of funny. Reports based on various tweets

1430
01:06:25,760 --> 01:06:28,360
Speaker 1: by left wing activists are wildly inaccurate.

1431
01:06:28,400 --> 01:06:30,440
Speaker 4: Since when did Drudge become a left wing activist?

1432
01:06:30,560 --> 01:06:34,320
Speaker 1: Okay, Laura Ingram, the top rated woman in cable news,

1433
01:06:34,560 --> 01:06:37,400
Speaker 1: is now and will continue to be a prominent host

1434
01:06:37,520 --> 01:06:40,280
Speaker 1: and integral part of the Fox News lineup. Doesn't say

1435
01:06:40,280 --> 01:06:42,680
Speaker 1: she's going to remain in primetime though, does it? Yeah? No, So,

1436
01:06:42,800 --> 01:06:45,760
Speaker 1: I mean it is interesting what is being omitted, and

1437
01:06:45,800 --> 01:06:48,600
Speaker 1: you can bet very intentionally so from these little statements

1438
01:06:48,640 --> 01:06:49,440
Speaker 1: that they're putting.

1439
01:06:49,160 --> 01:06:49,720
Speaker 3: Out yeah, yeah.

1440
01:06:49,720 --> 01:06:51,880
Speaker 2: I mean that's actually the big takeaway for me is like,

1441
01:06:52,000 --> 01:06:55,760
Speaker 2: oh wow, so clearly something is going on over there.

1442
01:06:55,760 --> 01:06:57,000
Speaker 2: I mean, I just think, look, if you're going to

1443
01:06:57,040 --> 01:06:59,919
Speaker 2: slot in Hannity, that is the biggest admission of fail.

1444
01:07:00,320 --> 01:07:03,919
Speaker 2: Whenever O'Reilly left the network, Hannity stayed in his nine

1445
01:07:03,960 --> 01:07:06,920
Speaker 2: PM slot and they tried out a bunch of different stuff.

1446
01:07:06,960 --> 01:07:09,280
Speaker 2: I forget exactly what the drama was because, like Megan

1447
01:07:09,360 --> 01:07:11,760
Speaker 2: Kelly was leaving, so they replaced her, and then Tucker

1448
01:07:11,840 --> 01:07:15,000
Speaker 2: was moved APM hour. Eventually that's where he found his success.

1449
01:07:15,040 --> 01:07:18,240
Speaker 2: But they're only keeping existing talent. They're not even hiring

1450
01:07:18,240 --> 01:07:21,080
Speaker 2: anybody new. Tucker was actually brought in new to the network,

1451
01:07:21,080 --> 01:07:22,840
Speaker 2: at least to the primetime here to.

1452
01:07:22,920 --> 01:07:25,320
Speaker 1: Primetime before that, he had been hosting I think weekend.

1453
01:07:25,560 --> 01:07:28,000
Speaker 2: I was gonna say, he's only on weekend Fox and Friends.

1454
01:07:28,040 --> 01:07:31,560
Speaker 2: Just completely not the same thing at all. So look,

1455
01:07:31,720 --> 01:07:34,760
Speaker 2: I mean, what you could say around all of this

1456
01:07:35,000 --> 01:07:37,640
Speaker 2: is that what you can say is that this has

1457
01:07:37,760 --> 01:07:41,520
Speaker 2: managed decline at its absolute finest. And I don't think

1458
01:07:41,600 --> 01:07:44,439
Speaker 2: anybody could say that Sean Hannby is in any way

1459
01:07:44,560 --> 01:07:47,600
Speaker 2: in the same caliber. I mean, he is just like

1460
01:07:48,840 --> 01:07:51,920
Speaker 2: You can accuse Tucker of many things, but with Hannity,

1461
01:07:52,600 --> 01:07:58,360
Speaker 2: he is just like copy cut like cookie cutter. Whatever

1462
01:07:58,520 --> 01:08:02,560
Speaker 2: Republican talking point of day is, Yeah, it's.

1463
01:08:02,400 --> 01:08:05,080
Speaker 1: Like a wind up doll, like freedom and low taxes

1464
01:08:05,280 --> 01:08:08,120
Speaker 1: is just it's very predictable. That's what I would say,

1465
01:08:08,320 --> 01:08:11,480
Speaker 1: is he's very predictable. He's always going to be on

1466
01:08:11,520 --> 01:08:13,880
Speaker 1: the side of like whatever is the Republican thing of

1467
01:08:13,920 --> 01:08:15,840
Speaker 1: the day, He's going to be on the talking points

1468
01:08:15,880 --> 01:08:17,920
Speaker 1: like it just is. You know, it is what it is.

1469
01:08:18,240 --> 01:08:21,160
Speaker 1: So you're not going to break a lot of ground there. Obviously,

1470
01:08:21,200 --> 01:08:23,000
Speaker 1: he's had a lot of success at the network for

1471
01:08:23,000 --> 01:08:24,880
Speaker 1: a lot of years. I think he's been there the

1472
01:08:24,880 --> 01:08:27,200
Speaker 1: whole like the whole time since the launch of the network.

1473
01:08:27,240 --> 01:08:28,920
Speaker 3: I don't know if he was there at the very beginning,

1474
01:08:28,920 --> 01:08:29,519
Speaker 3: but he's.

1475
01:08:29,320 --> 01:08:31,479
Speaker 1: Been there a long time, and you know, he's held

1476
01:08:31,520 --> 01:08:35,040
Speaker 1: down a stable core of audience. But as we've discussed before,

1477
01:08:35,479 --> 01:08:39,479
Speaker 1: there were only a couple people in cable news who

1478
01:08:39,520 --> 01:08:42,920
Speaker 1: really were a magnet to draw viewers in, and then

1479
01:08:43,000 --> 01:08:44,840
Speaker 1: much of the cable news game is trying to hold

1480
01:08:44,880 --> 01:08:47,600
Speaker 1: on to whatever you get in terms of audience. That

1481
01:08:47,720 --> 01:08:50,639
Speaker 1: carries over from the last host so you know, Rachel

1482
01:08:50,680 --> 01:08:54,400
Speaker 1: Baddow was a tent pole at AMSNBC, and Tucker was

1483
01:08:54,439 --> 01:08:57,439
Speaker 1: a tent pole over at Fox News, and you know,

1484
01:08:57,520 --> 01:09:01,400
Speaker 1: they clearly don't have anyone to replace him with in

1485
01:09:01,479 --> 01:09:04,360
Speaker 1: terms of that sort of like tent pole draw. What

1486
01:09:04,400 --> 01:09:06,800
Speaker 1: do you make of the Laura if we're taking this

1487
01:09:07,000 --> 01:09:09,760
Speaker 1: Laura rumor at face value, which frankly, the Fox News

1488
01:09:09,760 --> 01:09:12,280
Speaker 1: statement just to me almost like confirms that she's being

1489
01:09:12,280 --> 01:09:15,559
Speaker 1: moved down in prime time. She was also caught up

1490
01:09:15,560 --> 01:09:19,000
Speaker 1: in some of the Dominion revelations. You know, I can't

1491
01:09:19,000 --> 01:09:21,960
Speaker 1: remember specifically that, but I know there were texts or

1492
01:09:21,960 --> 01:09:26,160
Speaker 1: messages between her producers and some people who were involved

1493
01:09:26,200 --> 01:09:28,599
Speaker 1: with Stop the Steal. You know, do you think that

1494
01:09:28,600 --> 01:09:30,760
Speaker 1: that could be related to why she's being moved down

1495
01:09:30,760 --> 01:09:31,360
Speaker 1: in prime time?

1496
01:09:31,560 --> 01:09:32,240
Speaker 3: As possible.

1497
01:09:32,280 --> 01:09:34,479
Speaker 2: It's certainly possible that she's that's one of the reasons

1498
01:09:34,479 --> 01:09:37,120
Speaker 2: that she got moved out of primetime. It's also you know,

1499
01:09:37,160 --> 01:09:39,360
Speaker 2: her ratings, not me, may not be the best. They

1500
01:09:39,400 --> 01:09:41,280
Speaker 2: also could I mean, look what they may want to

1501
01:09:41,280 --> 01:09:43,759
Speaker 2: try and develop talent, Like they've given her several years

1502
01:09:43,760 --> 01:09:46,400
Speaker 2: there and she hasn't made it into some Gangbusters thing.

1503
01:09:46,640 --> 01:09:48,000
Speaker 3: You know, it's also hard to work with.

1504
01:09:48,080 --> 01:09:49,800
Speaker 2: I mean, ten pm is not a great time to

1505
01:09:49,800 --> 01:09:52,800
Speaker 2: be on television, and you know, in general, she's hard

1506
01:09:52,840 --> 01:09:53,280
Speaker 2: to work with.

1507
01:09:53,400 --> 01:09:55,200
Speaker 1: Yeah, I was going to say, I know, behind the scenes,

1508
01:09:55,240 --> 01:09:56,120
Speaker 1: she's not be loved.

1509
01:09:56,160 --> 01:09:58,760
Speaker 3: That's what the people say. Yeah, allegedly according to a

1510
01:09:58,840 --> 01:09:59,360
Speaker 3: rumor mill.

1511
01:10:00,120 --> 01:10:02,320
Speaker 2: So you know, it could be. It's probably just a

1512
01:10:02,360 --> 01:10:04,800
Speaker 2: combination of factors. The real thing is, if you move

1513
01:10:04,800 --> 01:10:07,280
Speaker 2: gut Failed into primetime, you were taking effectively was one

1514
01:10:07,320 --> 01:10:09,439
Speaker 2: of your biggest stars in the network and somebody who's

1515
01:10:09,439 --> 01:10:12,000
Speaker 2: found success in the eleven pm hour, and you're just

1516
01:10:12,000 --> 01:10:13,800
Speaker 2: going to bet on him to try and do that,

1517
01:10:13,880 --> 01:10:16,320
Speaker 2: to bring some comedy or something new, you know, for

1518
01:10:16,360 --> 01:10:20,080
Speaker 2: that Waters, I mean, listen, Waters, I think he's very

1519
01:10:20,120 --> 01:10:23,120
Speaker 2: much in the same league Hannity and all that. But

1520
01:10:23,280 --> 01:10:25,400
Speaker 2: all of these people, this has just managed to climb,

1521
01:10:25,560 --> 01:10:27,840
Speaker 2: you know, at its very least. It definitely would be

1522
01:10:27,840 --> 01:10:29,799
Speaker 2: bad for Laura Ingram though, if that's what happened.

1523
01:10:29,920 --> 01:10:32,519
Speaker 1: Yeah, I'm just looking at what her involvement was and

1524
01:10:32,560 --> 01:10:34,519
Speaker 1: the like what came out in the Dominion thing. Apparently

1525
01:10:34,560 --> 01:10:37,920
Speaker 1: she and Tucker had been privately discussing Sidney Powell. Tucker

1526
01:10:37,960 --> 01:10:40,200
Speaker 1: called her a nut and said a bunch of other stuff,

1527
01:10:40,240 --> 01:10:43,240
Speaker 1: and then like that very the very next day where

1528
01:10:43,400 --> 01:10:46,599
Speaker 1: Laura is agreeing that basically Sidney Powell is an unhinched lunatic.

1529
01:10:46,880 --> 01:10:49,880
Speaker 1: And then the very next day she's saying she believed

1530
01:10:49,880 --> 01:10:52,559
Speaker 1: the election was rife with problems and potential frauds, So

1531
01:10:52,720 --> 01:10:55,280
Speaker 1: very different what she was saying behind the scenes beside

1532
01:10:55,320 --> 01:10:58,960
Speaker 1: what she was presenting to her viewing audience. So was

1533
01:10:59,000 --> 01:11:02,240
Speaker 1: that a factor? You know, who knows who knows what's

1534
01:11:02,240 --> 01:11:05,040
Speaker 1: going Only time will tell, right, Yeah, I may never.

1535
01:11:04,920 --> 01:11:08,800
Speaker 3: Know, Crystal, What do you take a look at?

1536
01:11:08,880 --> 01:11:12,040
Speaker 1: Wow, mass surveillance is class warfare. That is the major

1537
01:11:12,080 --> 01:11:14,679
Speaker 1: takeaway from a new Washington Post report about how facial

1538
01:11:14,720 --> 01:11:17,519
Speaker 1: recognition and surveillance cameras are being used to strip the

1539
01:11:17,600 --> 01:11:20,840
Speaker 1: rights and the dignity from poor residents of public housing projects.

1540
01:11:21,200 --> 01:11:23,439
Speaker 1: So here's that report. The headline is Eyes on the

1541
01:11:23,439 --> 01:11:27,360
Speaker 1: Poor Cameras, Facial recognition watch over public Housing, and it

1542
01:11:27,479 --> 01:11:31,040
Speaker 1: tracks how public housing projects are increasingly using surveillance tech

1543
01:11:31,080 --> 01:11:35,720
Speaker 1: to track every little movement of residents, weaponizing the technology

1544
01:11:35,720 --> 01:11:39,840
Speaker 1: to evict residents over really minor infractions. According to Post,

1545
01:11:39,880 --> 01:11:42,519
Speaker 1: this is happening in small, rural communities and major metro

1546
01:11:42,600 --> 01:11:44,640
Speaker 1: areas alike. Just take a look at this graphic. It

1547
01:11:44,680 --> 01:11:48,400
Speaker 1: shows the number of cameras installed per resident in public

1548
01:11:48,400 --> 01:11:51,240
Speaker 1: housing projects from New York City to Rolette, North Dakota.

1549
01:11:51,479 --> 01:11:54,320
Speaker 1: Some of these places have more cameras per person than

1550
01:11:54,360 --> 01:11:57,439
Speaker 1: the Louver and the and many casinos, which are famous,

1551
01:11:57,439 --> 01:12:00,759
Speaker 1: of course, for sophisticated player surveillance. There is no tracking

1552
01:12:00,840 --> 01:12:03,280
Speaker 1: of how many residents have been evicted based on these

1553
01:12:03,320 --> 01:12:07,160
Speaker 1: monitoring systems, but evidence suggests that the number is significant

1554
01:12:07,240 --> 01:12:11,280
Speaker 1: and rising. So first of all, overall, evictions have skyrocketed

1555
01:12:11,280 --> 01:12:14,920
Speaker 1: in public housing post pandemic. Princeton's Eviction Lab tracks a

1556
01:12:14,960 --> 01:12:17,599
Speaker 1: portion of these public housing projects. They found that evictions

1557
01:12:17,640 --> 01:12:19,559
Speaker 1: in the ten States and thirty four cities that they

1558
01:12:19,600 --> 01:12:23,880
Speaker 1: monitor have doubled since the end of the pandemic era moratoriums,

1559
01:12:24,240 --> 01:12:27,000
Speaker 1: rising to five thousand, five hundred seventy six in twenty

1560
01:12:27,040 --> 01:12:29,400
Speaker 1: twenty two. That was a faster rate of increase than

1561
01:12:29,400 --> 01:12:32,760
Speaker 1: evictions from other housing units across the country. What's more,

1562
01:12:33,280 --> 01:12:36,479
Speaker 1: interviews with advocates suggest that these newly installed high tech

1563
01:12:36,479 --> 01:12:39,679
Speaker 1: camera systems have been crucial in trying to push people out.

1564
01:12:40,040 --> 01:12:42,839
Speaker 1: The Post spoke with numerous residents who had been tracked, harassed,

1565
01:12:42,840 --> 01:12:45,639
Speaker 1: and kicked out for violating rules about guests, or about

1566
01:12:45,680 --> 01:12:48,040
Speaker 1: smoking too close to the building, or even for removing

1567
01:12:48,080 --> 01:12:51,000
Speaker 1: a cart from the laundry room. They interviewed one single mom,

1568
01:12:51,040 --> 01:12:53,960
Speaker 1: Tanya Akabu, in New Bedford, Massachusetts, who is trying to

1569
01:12:54,000 --> 01:12:56,559
Speaker 1: balance childcare with her day job. She's a bus driver

1570
01:12:56,640 --> 01:12:58,519
Speaker 1: and she's also going to night school training to be

1571
01:12:58,560 --> 01:13:00,920
Speaker 1: a lab technician. From the sound of things, she was

1572
01:13:00,960 --> 01:13:03,200
Speaker 1: trying to do everything right, trying to educate herself so

1573
01:13:03,240 --> 01:13:05,160
Speaker 1: she could get a higher paying job to better support

1574
01:13:05,200 --> 01:13:08,040
Speaker 1: herself and her kiddos, but given the expense of childcare

1575
01:13:08,080 --> 01:13:09,800
Speaker 1: in this country, she had to rely on her ex

1576
01:13:09,920 --> 01:13:12,080
Speaker 1: husband to help care for her kids while she was

1577
01:13:12,120 --> 01:13:14,639
Speaker 1: at work and while she was at school. The building

1578
01:13:14,720 --> 01:13:18,479
Speaker 1: accused him of actually living at the apartment, violating their rules,

1579
01:13:18,479 --> 01:13:21,360
Speaker 1: and they used the surveillance tech to make their case.

1580
01:13:21,760 --> 01:13:24,679
Speaker 1: The housing authority actually used software to place a digital

1581
01:13:24,720 --> 01:13:27,280
Speaker 1: marker next to a Kabu's front door and told the

1582
01:13:27,280 --> 01:13:30,000
Speaker 1: system to retrieve every moment when motion was detected near

1583
01:13:30,080 --> 01:13:32,639
Speaker 1: the marker. Documents in interviews show going from the post

1584
01:13:32,640 --> 01:13:36,200
Speaker 1: here when her property manager suspected that a Kabu's ax

1585
01:13:36,360 --> 01:13:38,559
Speaker 1: was leaving through the back door. She set up a

1586
01:13:38,600 --> 01:13:42,240
Speaker 1: portable camera in the backyard pointed directly at that door.

1587
01:13:42,400 --> 01:13:44,840
Speaker 1: It's according to housing authority officials and a review of

1588
01:13:44,880 --> 01:13:48,000
Speaker 1: the surveillance video obtained and verified by the Post, it

1589
01:13:48,080 --> 01:13:50,280
Speaker 1: got to the point where it was like harassment. A

1590
01:13:50,360 --> 01:13:53,760
Speaker 1: Kabu thirty three said, they really made my life hell.

1591
01:13:54,400 --> 01:13:56,519
Speaker 1: She says she presented evidence to the building that her

1592
01:13:56,520 --> 01:13:58,519
Speaker 1: ex was not in fact living there, that he had

1593
01:13:58,560 --> 01:14:01,680
Speaker 1: another different residence, but they didn't believe her and she

1594
01:14:01,800 --> 01:14:04,759
Speaker 1: still was evicted. Now, another sixty eight year old woman

1595
01:14:04,760 --> 01:14:06,920
Speaker 1: was evicted when cameras caught her smoking too close to

1596
01:14:06,920 --> 01:14:10,200
Speaker 1: the building and allegedly getting into disputes with the other residents.

1597
01:14:10,240 --> 01:14:12,559
Speaker 1: After being forced down in public housing, she landed on

1598
01:14:12,560 --> 01:14:16,599
Speaker 1: her sister's couch, desperately searching for some other stable living situation.

1599
01:14:17,240 --> 01:14:18,960
Speaker 1: Just once she thought that she had caught a break

1600
01:14:18,960 --> 01:14:22,000
Speaker 1: with another building accepting her rental application, she's back to

1601
01:14:22,000 --> 01:14:24,519
Speaker 1: square one after they talked to the public housing management

1602
01:14:24,520 --> 01:14:26,519
Speaker 1: and decided they did not want her in their building

1603
01:14:26,600 --> 01:14:29,200
Speaker 1: after all. It shows you how a single eviction can

1604
01:14:29,240 --> 01:14:32,280
Speaker 1: really derail an entire life. So what is behind the

1605
01:14:32,360 --> 01:14:35,559
Speaker 1: rise of this level of surveillance. Now in part, the

1606
01:14:35,600 --> 01:14:39,839
Speaker 1: installation is reaction to entirely justified concerns about crime, violence,

1607
01:14:39,880 --> 01:14:43,760
Speaker 1: and theft. Residents and management alike. They want these complexes

1608
01:14:43,800 --> 01:14:45,880
Speaker 1: to be safe and calm, of course, not dens of

1609
01:14:46,000 --> 01:14:48,920
Speaker 1: drug use or gang infighting. A pandemic crime surge is

1610
01:14:49,000 --> 01:14:51,840
Speaker 1: hit poor neighborhoods such as these particularly hard and public

1611
01:14:51,880 --> 01:14:54,240
Speaker 1: housing projects don't have the resources to do much of

1612
01:14:54,280 --> 01:14:56,960
Speaker 1: anything other than apply a clumsy surveillance band aid to

1613
01:14:57,080 --> 01:14:59,000
Speaker 1: a gaping national social problem.

1614
01:14:59,360 --> 01:15:00,760
Speaker 4: The problem goes back further too.

1615
01:15:00,800 --> 01:15:03,120
Speaker 1: In nineteen eighty nine, at the height of the crack epidemic,

1616
01:15:03,200 --> 01:15:06,120
Speaker 1: federal legislators passed one hundred million dollars in funding to

1617
01:15:06,160 --> 01:15:09,559
Speaker 1: provide a wide range of social services, drug rehab, and

1618
01:15:09,640 --> 01:15:13,519
Speaker 1: enhance security to public housing. That funding was stripped under

1619
01:15:13,520 --> 01:15:16,679
Speaker 1: the Bush administration and replaced with a much smaller grant

1620
01:15:16,720 --> 01:15:19,760
Speaker 1: of just ten million dollars to install security features things

1621
01:15:19,840 --> 01:15:24,360
Speaker 1: like cameras, doors, carbon monoxide detectors, and the like. So Unfortunately,

1622
01:15:24,400 --> 01:15:26,680
Speaker 1: while it's pretty clear the cameras have been intrusive to

1623
01:15:26,720 --> 01:15:29,720
Speaker 1: residents and have turned their entire lives into police state nightmare,

1624
01:15:29,920 --> 01:15:32,960
Speaker 1: there is no real evidence that they've been successful in

1625
01:15:33,000 --> 01:15:36,000
Speaker 1: combating crime that residents would want them to. In rural

1626
01:15:36,000 --> 01:15:39,559
Speaker 1: Scott County, Virginia, their algorithm base surveillance system has only

1627
01:15:39,600 --> 01:15:41,960
Speaker 1: turned up a single match for an individual who is

1628
01:15:42,000 --> 01:15:45,320
Speaker 1: banned from the complex. And these bandlifts list our in

1629
01:15:45,360 --> 01:15:47,920
Speaker 1: and of themselves actually controversial since people can end up

1630
01:15:47,960 --> 01:15:50,559
Speaker 1: on them without ever having been charged with or convicted

1631
01:15:50,600 --> 01:15:53,200
Speaker 1: of a crime. The person this system match too, had

1632
01:15:53,200 --> 01:15:56,040
Speaker 1: been accused of domestic violence, the charges were never filed.

1633
01:15:56,520 --> 01:15:58,599
Speaker 1: In this story, we kind of see the perfect storm

1634
01:15:58,640 --> 01:16:01,400
Speaker 1: of societal ills that were gropped with all across the country.

1635
01:16:01,400 --> 01:16:03,559
Speaker 1: You've got a mistrust of and contempt for the poor

1636
01:16:03,800 --> 01:16:05,799
Speaker 1: that justifies dehumanizing treatment.

1637
01:16:05,960 --> 01:16:07,520
Speaker 4: You've got a post pandemic.

1638
01:16:07,080 --> 01:16:10,120
Speaker 1: Crime spike that has disproportionately victimized the poor. You've got

1639
01:16:10,120 --> 01:16:12,720
Speaker 1: a response to that crime spike that lacks resources and

1640
01:16:12,760 --> 01:16:15,439
Speaker 1: will to deal with root causes and instead just further

1641
01:16:15,479 --> 01:16:16,439
Speaker 1: emiserates the poor.

1642
01:16:16,680 --> 01:16:17,840
Speaker 4: A tech search that is.

1643
01:16:17,720 --> 01:16:21,400
Speaker 1: Increasingly penetrating even the most intimate of spaces for everyone,

1644
01:16:21,720 --> 01:16:24,839
Speaker 1: and looming over all of it, a housing affordability crisis

1645
01:16:24,840 --> 01:16:28,200
Speaker 1: that squeezes everyone except the wealthy, and constantly threatens the

1646
01:16:28,240 --> 01:16:32,080
Speaker 1: working poor with outright homelessness. People don't need Big Brother

1647
01:16:32,160 --> 01:16:35,040
Speaker 1: watching them. They need healthcare, a living wage, childcare, and

1648
01:16:35,080 --> 01:16:38,920
Speaker 1: perhaps above all, decent affordable housing. All the cameras in

1649
01:16:38,960 --> 01:16:41,240
Speaker 1: the world are not going to fix what ails us.

1650
01:16:41,439 --> 01:16:43,400
Speaker 1: And that's the Rubsager is a lot of these rests.

1651
01:16:43,439 --> 01:16:46,160
Speaker 2: And if you want to hear my reaction to Crystal's monologue,

1652
01:16:46,160 --> 01:16:51,640
Speaker 2: become a premium subscriber today at Breakingpoints dot Com.

1653
01:16:51,680 --> 01:16:52,920
Speaker 4: All right, Saga, what are you looking at?

1654
01:16:53,000 --> 01:16:55,479
Speaker 2: Well, it's time to check in with the cable ratings. Yes,

1655
01:16:55,560 --> 01:16:58,240
Speaker 2: I know it can seem gratuitous my honest answer. Maybe

1656
01:16:58,240 --> 01:17:00,920
Speaker 2: you're right, but sometimes I can not help myself. And

1657
01:17:00,960 --> 01:17:03,120
Speaker 2: the more that we remind everyone just how pathetic and

1658
01:17:03,120 --> 01:17:05,360
Speaker 2: badly they are doing, the better. One of the big

1659
01:17:05,400 --> 01:17:08,040
Speaker 2: predictions we've made here here after Tucker Carlston's departure from

1660
01:17:08,080 --> 01:17:11,080
Speaker 2: Fox News comes true is that this time it really

1661
01:17:11,120 --> 01:17:14,120
Speaker 2: is different. Fox would have a very difficult time recovering

1662
01:17:14,120 --> 01:17:16,600
Speaker 2: their primetime lineup and has given the median age of

1663
01:17:16,640 --> 01:17:19,160
Speaker 2: their viewers it is now mid seventies, they just don't

1664
01:17:19,160 --> 01:17:21,640
Speaker 2: have that much time to get it right. Already, that

1665
01:17:21,640 --> 01:17:24,920
Speaker 2: prediction is bearing fruit MSNBC, for the first time in years,

1666
01:17:25,000 --> 01:17:28,080
Speaker 2: is now consistently beating Fox in primetime across the board,

1667
01:17:28,160 --> 01:17:31,800
Speaker 2: and MSNBC averaged one point eight million viewers between eight

1668
01:17:31,840 --> 01:17:35,320
Speaker 2: to eleven. Fox averaged one point seven million, CNN average

1669
01:17:35,320 --> 01:17:37,880
Speaker 2: four hundred and eighty five thousand, Newsmax four hundred and

1670
01:17:37,880 --> 01:17:40,200
Speaker 2: twenty thousand. Now, of course, at least on their face,

1671
01:17:40,280 --> 01:17:43,320
Speaker 2: MSNBC and Fox numbers sound impressive, and CNN, though, is

1672
01:17:43,320 --> 01:17:46,080
Speaker 2: in another league of pathetic. But once again, consider the

1673
01:17:46,160 --> 01:17:48,800
Speaker 2: number of viewers that they have in their key demographic.

1674
01:17:49,160 --> 01:17:52,040
Speaker 2: Even here, MSNBC may beat Fox, but they're still only

1675
01:17:52,040 --> 01:17:54,280
Speaker 2: getting one hundred and eighty eight thousand viewers below the

1676
01:17:54,280 --> 01:17:56,439
Speaker 2: age of fifty four. Fox is only able to get

1677
01:17:56,439 --> 01:17:59,240
Speaker 2: one hundred and seventy four thousand, CNN one point seventeen,

1678
01:17:59,479 --> 01:18:03,240
Speaker 2: News Max forty four terrestrial and old TV. Cable TV

1679
01:18:03,439 --> 01:18:06,280
Speaker 2: is truly the last home of the boomer. I recently

1680
01:18:06,320 --> 01:18:08,000
Speaker 2: was told by an insider, and I swear I am

1681
01:18:08,040 --> 01:18:10,519
Speaker 2: not making this up, is that one reason Fox News

1682
01:18:10,560 --> 01:18:13,160
Speaker 2: is not too worried about losing its overall audience is

1683
01:18:13,160 --> 01:18:16,280
Speaker 2: because their audience is so old they quote have difficulty

1684
01:18:16,400 --> 01:18:20,240
Speaker 2: physically handling the remote and changing the check. I swear

1685
01:18:20,320 --> 01:18:22,599
Speaker 2: that's a true story, directly told to me by someone

1686
01:18:22,640 --> 01:18:23,240
Speaker 2: with knowledge.

1687
01:18:23,320 --> 01:18:24,519
Speaker 3: That is a direct quote.

1688
01:18:24,600 --> 01:18:27,680
Speaker 2: But even with the last holdout of Boomers over our

1689
01:18:27,760 --> 01:18:30,679
Speaker 2: mass culture, here too, there are signs of big trouble.

1690
01:18:30,920 --> 01:18:33,920
Speaker 2: CNN has lost out to Newsmax and its overall number

1691
01:18:33,920 --> 01:18:36,479
Speaker 2: of viewers in primetime on Friday night, and they were

1692
01:18:36,520 --> 01:18:38,599
Speaker 2: only able to pull some three hundred and thirty five

1693
01:18:38,640 --> 01:18:41,759
Speaker 2: thousand viewers on average throughout the eight eight to eleven

1694
01:18:41,760 --> 01:18:44,559
Speaker 2: PM hour. Ten PM, Chris Wallace was actually able to

1695
01:18:44,600 --> 01:18:46,840
Speaker 2: pull in only two hundred and sixty three This put

1696
01:18:46,920 --> 01:18:50,600
Speaker 2: Anderson Cooper's show also behind Eric Bowling over on Newsmax.

1697
01:18:50,920 --> 01:18:53,639
Speaker 2: Consider how crazy all of this is when you think

1698
01:18:53,640 --> 01:18:56,880
Speaker 2: about these people's salaries. Cooper is supposedly a household name,

1699
01:18:56,920 --> 01:18:59,320
Speaker 2: a literal Vanderbilt. Surely he should be able to get

1700
01:18:59,320 --> 01:19:02,200
Speaker 2: some people to watch show, yet year after year to

1701
01:19:02,280 --> 01:19:05,320
Speaker 2: do so and still command some twelve million dollars per year.

1702
01:19:05,600 --> 01:19:09,000
Speaker 2: Chris Wallace, same thing, supposedly a household name, famous dad.

1703
01:19:09,280 --> 01:19:12,400
Speaker 2: Huge coup for CNN, plus after leaving Fox News is

1704
01:19:12,439 --> 01:19:15,439
Speaker 2: making millions at CNN to do the lowest rated show

1705
01:19:15,439 --> 01:19:18,160
Speaker 2: on cable TV and get beaten by Newsmax. None of

1706
01:19:18,160 --> 01:19:20,240
Speaker 2: it really makes any sense at all, and it's why

1707
01:19:20,280 --> 01:19:22,600
Speaker 2: I can't stop talking about it, because the absurdity of

1708
01:19:22,640 --> 01:19:24,880
Speaker 2: it all eventually has to catch up to reality. So

1709
01:19:24,880 --> 01:19:26,920
Speaker 2: many people inside the system are so captured by it

1710
01:19:26,920 --> 01:19:29,479
Speaker 2: they will pretend to be surprised when it all crumbles down.

1711
01:19:29,680 --> 01:19:32,759
Speaker 2: At the same time, Over in sports media, though, something

1712
01:19:32,920 --> 01:19:36,360
Speaker 2: very interesting indeed is happening. Sports media is important to

1713
01:19:36,400 --> 01:19:38,679
Speaker 2: watch because many of the trends that end up happening

1714
01:19:38,720 --> 01:19:42,600
Speaker 2: in political media start over there. Pat McAfee, the sports jruggernaut,

1715
01:19:42,680 --> 01:19:45,280
Speaker 2: in a shocking move, is going to air his show

1716
01:19:45,560 --> 01:19:46,439
Speaker 2: on ESPN.

1717
01:19:46,720 --> 01:19:47,479
Speaker 3: But here's the deal.

1718
01:19:47,640 --> 01:19:49,760
Speaker 2: He's walking away from one hundred and twenty million dollar

1719
01:19:49,840 --> 01:19:52,599
Speaker 2: deal with FanDuel for sponsorship of his current show. Instead,

1720
01:19:52,680 --> 01:19:54,479
Speaker 2: he will be now airing all three hours of his

1721
01:19:54,520 --> 01:19:58,280
Speaker 2: show on ESPN ESPN Plus. But what's surprising here not

1722
01:19:58,360 --> 01:20:02,400
Speaker 2: the dollars, it's the terms of his contract. All reporting

1723
01:20:02,479 --> 01:20:05,600
Speaker 2: indicates all McAfee had to really give up was the

1724
01:20:05,640 --> 01:20:08,280
Speaker 2: ability to say the F word during his show. His

1725
01:20:08,360 --> 01:20:12,040
Speaker 2: show will remain streaming live for free on YouTube. He

1726
01:20:12,120 --> 01:20:15,760
Speaker 2: will maintain editorial control. His deal is more like a

1727
01:20:15,800 --> 01:20:19,559
Speaker 2: licensing agreement than a full blown acquisition. Think about what

1728
01:20:19,600 --> 01:20:23,160
Speaker 2: it means. Pat McAfee is so valuable now to ESPN

1729
01:20:23,200 --> 01:20:26,240
Speaker 2: and to Disney they are willing to pay him upwards

1730
01:20:26,280 --> 01:20:29,640
Speaker 2: of ten million dollars a year, probably more, just to

1731
01:20:29,680 --> 01:20:33,960
Speaker 2: have his stuff on their program while you can continue

1732
01:20:34,000 --> 01:20:37,000
Speaker 2: to watch it for free on YouTube. No network deal

1733
01:20:37,240 --> 01:20:40,040
Speaker 2: in history has ever been more friendly to somebody on

1734
01:20:40,080 --> 01:20:40,559
Speaker 2: the Internet.

1735
01:20:40,760 --> 01:20:40,920
Speaker 1: Now.

1736
01:20:40,920 --> 01:20:42,800
Speaker 2: The only caveat I'm going to give is if Pat

1737
01:20:42,800 --> 01:20:45,200
Speaker 2: thinks he's getting away just so easy as to stop

1738
01:20:45,240 --> 01:20:47,400
Speaker 2: saying the F word, probably has another thing coming.

1739
01:20:47,600 --> 01:20:47,880
Speaker 6: Just out.

1740
01:20:47,960 --> 01:20:50,559
Speaker 2: Yesterday, for example, a news broke that ESPN had dropped

1741
01:20:50,560 --> 01:20:53,559
Speaker 2: a documentary about the Chinese American tennis star Michael Chang,

1742
01:20:53,680 --> 01:20:56,479
Speaker 2: who won the nineteen eighty nine French Open as a

1743
01:20:56,520 --> 01:20:59,320
Speaker 2: young man and was inspired by the Tanaman Square masaker.

1744
01:21:00,000 --> 01:21:01,000
Speaker 3: And guess why they dropped it.

1745
01:21:01,160 --> 01:21:03,280
Speaker 2: I'm just sure it has editorial had nothing to do

1746
01:21:03,320 --> 01:21:06,320
Speaker 2: with Disney's parent company's relationship to the Chinese Communist Party.

1747
01:21:06,479 --> 01:21:08,320
Speaker 2: But the broader point that I am making is that

1748
01:21:08,400 --> 01:21:11,320
Speaker 2: a network acquiring a streamer and letting him continue to

1749
01:21:11,360 --> 01:21:14,599
Speaker 2: stream where he continued to own his IP is crazy.

1750
01:21:14,800 --> 01:21:16,040
Speaker 3: That's how desperate that they.

1751
01:21:15,920 --> 01:21:18,200
Speaker 2: Are just to squeeze even a few more people watching

1752
01:21:18,200 --> 01:21:21,160
Speaker 2: their dwindling channels. Now rest assured, that is not going

1753
01:21:21,200 --> 01:21:23,080
Speaker 2: to happen over here, nor do we want it to.

1754
01:21:23,360 --> 01:21:25,479
Speaker 2: It is only just a big sign of how things

1755
01:21:25,520 --> 01:21:28,559
Speaker 2: are going in the opposite direction from the arrogance and

1756
01:21:28,600 --> 01:21:31,800
Speaker 2: the confidence which the mainstream media consider their role in

1757
01:21:31,840 --> 01:21:34,920
Speaker 2: our society. And it's very fitting since Tucker's departure, the

1758
01:21:34,920 --> 01:21:36,760
Speaker 2: only person who's been able to pull real numbers on

1759
01:21:36,840 --> 01:21:39,960
Speaker 2: MSNBC Rachel Maddow. She only works one day a week

1760
01:21:40,040 --> 01:21:43,120
Speaker 2: on MSNBC, yet she still continues to petter her nonsense.

1761
01:21:43,320 --> 01:21:45,480
Speaker 3: Nonetheless, though people love that nonsense.

1762
01:21:45,600 --> 01:21:48,080
Speaker 2: She's basically the very last of her breed capable of

1763
01:21:48,120 --> 01:21:50,760
Speaker 2: doing that. Tucker and Rachel, in my opinion i've said before,

1764
01:21:50,840 --> 01:21:53,080
Speaker 2: probably the very last to play the game at this level,

1765
01:21:53,240 --> 01:21:55,920
Speaker 2: and even their numbers poultry compared to the ten years ago.

1766
01:21:56,120 --> 01:21:58,640
Speaker 2: As I've showed you all before, the total collapse of

1767
01:21:58,680 --> 01:22:01,719
Speaker 2: the cable news business now decade is all but assured,

1768
01:22:01,880 --> 01:22:04,240
Speaker 2: but it also will not stop a Feinstein level of

1769
01:22:04,320 --> 01:22:07,439
Speaker 2: delusion from remaining on here. The only question is about

1770
01:22:07,479 --> 01:22:09,720
Speaker 2: power and whether they wake up to how much the

1771
01:22:09,760 --> 01:22:12,880
Speaker 2: world is changing every year and every day. I thought

1772
01:22:12,920 --> 01:22:15,000
Speaker 2: the McAfee deal is actually the most important.

1773
01:22:15,040 --> 01:22:17,880
Speaker 1: And if you want to hear my reaction to Sagres's monologue,

1774
01:22:17,920 --> 01:22:23,760
Speaker 1: become a premium subscriber today at breakingpoints dot com.

1775
01:22:24,000 --> 01:22:26,280
Speaker 2: Joining us now, old friend of mine, Shelby Talcotch. He's

1776
01:22:26,280 --> 01:22:28,280
Speaker 2: a political reporter over at Semaphore's rich.

1777
01:22:28,200 --> 01:22:28,479
Speaker 3: To see you.

1778
01:22:28,680 --> 01:22:29,360
Speaker 1: Nice to be here.

1779
01:22:29,479 --> 01:22:31,839
Speaker 2: Okay, so Shelby, you've been all over the GOP primer

1780
01:22:31,920 --> 01:22:34,480
Speaker 2: or I guess the not technical primary yet but officially

1781
01:22:34,560 --> 01:22:37,679
Speaker 2: probably primary that's happening right now. We were just talking

1782
01:22:37,680 --> 01:22:40,880
Speaker 2: about news drawn DeSantis very likely set to launch his

1783
01:22:40,960 --> 01:22:43,360
Speaker 2: campaign either next week or sometime within that.

1784
01:22:43,400 --> 01:22:45,080
Speaker 3: You wrote a new piece. Let's put it up there

1785
01:22:45,080 --> 01:22:45,920
Speaker 3: on the screen.

1786
01:22:46,000 --> 01:22:49,320
Speaker 2: The real twenty twenty four campaign started in Iowa this weekend.

1787
01:22:49,439 --> 01:22:51,160
Speaker 2: Desant is giving us a little bit of a preview

1788
01:22:51,360 --> 01:22:52,600
Speaker 2: of what he's going to be doing. Tell us a

1789
01:22:52,600 --> 01:22:54,479
Speaker 2: little bit about what you learned what this primary is

1790
01:22:54,479 --> 01:22:55,040
Speaker 2: going to look like.

1791
01:22:55,240 --> 01:22:58,200
Speaker 7: Yeah, I think it's been obvious that DeSantis is running

1792
01:22:58,200 --> 01:23:00,320
Speaker 7: for a long time, but this was the first speak

1793
01:23:00,320 --> 01:23:02,960
Speaker 7: and that I really noticed him kind of branch out

1794
01:23:03,000 --> 01:23:06,960
Speaker 7: of his Florida focused rhetoric, and so I'm sure you

1795
01:23:07,000 --> 01:23:09,080
Speaker 7: guys saw over the past few months when he was

1796
01:23:09,120 --> 01:23:11,280
Speaker 7: doing his book tour, it was very Florida focused. This

1797
01:23:11,360 --> 01:23:13,720
Speaker 7: time he started branching out and he started giving kind

1798
01:23:13,720 --> 01:23:17,920
Speaker 7: of indirect jobs over at at Trump he did the

1799
01:23:18,000 --> 01:23:21,120
Speaker 7: you know, handshaking and the flipping the burgers for the

1800
01:23:21,280 --> 01:23:24,320
Speaker 7: for the press. He didn't give a press he didn't

1801
01:23:24,360 --> 01:23:28,640
Speaker 7: speak to the press, which was notable because Congressman Fiinstra's

1802
01:23:28,680 --> 01:23:31,240
Speaker 7: people were really pushing his team to do so, and

1803
01:23:31,280 --> 01:23:34,960
Speaker 7: they essentially, from my understanding, were telling his team, well, hey,

1804
01:23:35,040 --> 01:23:37,639
Speaker 7: this is this is how we do things every year,

1805
01:23:37,720 --> 01:23:40,240
Speaker 7: and this is you know, your your WoT to launch.

1806
01:23:40,040 --> 01:23:42,080
Speaker 1: R presidential campaign. This is how things have to be.

1807
01:23:42,840 --> 01:23:45,080
Speaker 7: But by and large, it was really the first indication

1808
01:23:45,160 --> 01:23:47,120
Speaker 7: I felt like that things are heating up.

1809
01:23:47,920 --> 01:23:49,240
Speaker 1: He's about to announce, got it.

1810
01:23:49,320 --> 01:23:50,640
Speaker 4: So how did he do?

1811
01:23:50,760 --> 01:23:52,559
Speaker 1: In terms of the knock on him has been like, oh,

1812
01:23:52,600 --> 01:23:55,839
Speaker 1: he's not very personable, he's not very comfortable around people.

1813
01:23:55,880 --> 01:23:59,280
Speaker 1: He doesn't do like the glad handed handling a piece

1814
01:23:59,320 --> 01:24:02,120
Speaker 1: of politics very well. And there have been some indications

1815
01:24:02,160 --> 01:24:04,880
Speaker 1: of that. I mean, there was, you know, the one

1816
01:24:05,080 --> 01:24:07,320
Speaker 1: member of Congress that he met with and then directly

1817
01:24:07,360 --> 01:24:10,559
Speaker 1: afterwards endorsed Donald Trump. You had stories coming out about, Hey,

1818
01:24:10,560 --> 01:24:12,479
Speaker 1: I sat next to this dude for years, we served

1819
01:24:12,479 --> 01:24:14,679
Speaker 1: on the same committee, and he didn't even learn my name.

1820
01:24:15,560 --> 01:24:18,479
Speaker 1: Do you see any evidence of that on the nascent

1821
01:24:18,640 --> 01:24:19,880
Speaker 1: campaign trail thus far.

1822
01:24:20,280 --> 01:24:22,360
Speaker 7: Yeah, Listen, I think and I've talked to people close

1823
01:24:22,400 --> 01:24:24,120
Speaker 7: to him, and they acknowledge that it is not his

1824
01:24:24,160 --> 01:24:24,800
Speaker 7: bread and butter.

1825
01:24:25,920 --> 01:24:28,040
Speaker 1: He prefers to be at home.

1826
01:24:27,920 --> 01:24:30,040
Speaker 7: With his family, which I think is completely fine, but

1827
01:24:30,080 --> 01:24:33,000
Speaker 7: for presidential campaign you have to kind of branch out.

1828
01:24:33,240 --> 01:24:37,520
Speaker 7: So I'm seeing evidence that he is taking those criticisms

1829
01:24:37,600 --> 01:24:41,879
Speaker 7: and trying to apply them, but I'm also seeing evidence

1830
01:24:41,880 --> 01:24:44,200
Speaker 7: that it is not natural for him. You know, in Iowa,

1831
01:24:44,280 --> 01:24:46,400
Speaker 7: there was a clip of him as he was talking

1832
01:24:46,439 --> 01:24:50,439
Speaker 7: to prospective voters that went viral among the Trump team

1833
01:24:50,479 --> 01:24:53,960
Speaker 7: where he was like laughing really aggressively, and so, yeah,

1834
01:24:54,400 --> 01:24:56,680
Speaker 7: it's a little it's a little bit of awkwardness.

1835
01:24:56,760 --> 01:24:58,680
Speaker 2: The egregious part to me was the guy who was like,

1836
01:24:58,720 --> 01:25:00,640
Speaker 2: I drove two hours to come you, and he was

1837
01:25:00,640 --> 01:25:03,080
Speaker 2: like thanks and just turned around. I was like, oh, dude,

1838
01:25:03,120 --> 01:25:04,880
Speaker 2: I didn't even sav was not it was part of

1839
01:25:04,920 --> 01:25:06,479
Speaker 2: the same clip, but that one.

1840
01:25:06,520 --> 01:25:08,519
Speaker 3: I was like, that actually might be worse. Whenever you

1841
01:25:08,560 --> 01:25:09,160
Speaker 3: make people.

1842
01:25:08,920 --> 01:25:11,439
Speaker 2: Feel that way, tell us about the actual infrastruction of

1843
01:25:11,439 --> 01:25:11,880
Speaker 2: the campaign.

1844
01:25:11,960 --> 01:25:13,719
Speaker 3: Been covering now for quite some time.

1845
01:25:14,439 --> 01:25:16,280
Speaker 2: One of the you know things that we saw was

1846
01:25:16,280 --> 01:25:19,639
Speaker 2: that Trump canceled this event and des Moines and Everyone's like, oh,

1847
01:25:19,680 --> 01:25:21,799
Speaker 2: you know, de Santa's going to go in on Iowa.

1848
01:25:22,080 --> 01:25:23,439
Speaker 2: He's going to try and make the early stage part

1849
01:25:23,439 --> 01:25:25,400
Speaker 2: of his strategy. How would you assess the strength of

1850
01:25:25,439 --> 01:25:27,799
Speaker 2: their relative campaigns. I guess, you know, at the starting

1851
01:25:27,800 --> 01:25:28,719
Speaker 2: line right now.

1852
01:25:28,880 --> 01:25:29,880
Speaker 1: Well, I think it's early on.

1853
01:25:29,960 --> 01:25:32,360
Speaker 7: He certainly had a really tough month last month, and

1854
01:25:32,400 --> 01:25:35,120
Speaker 7: the Trump team was really on point. And you know,

1855
01:25:35,160 --> 01:25:38,360
Speaker 7: when he came out to Washington, d C. They announced

1856
01:25:38,400 --> 01:25:41,080
Speaker 7: a whole slew of Florida enforcements right in his backyard.

1857
01:25:42,280 --> 01:25:43,920
Speaker 7: And I think it was a little bit difficult for

1858
01:25:44,000 --> 01:25:47,200
Speaker 7: him because he's been of the mindset. Desanta's has been

1859
01:25:47,200 --> 01:25:50,280
Speaker 7: of the mindset that we're going to keep everything really

1860
01:25:50,320 --> 01:25:53,920
Speaker 7: locked down until we officially announced. I don't know if

1861
01:25:53,960 --> 01:25:58,080
Speaker 7: that's a missed up by his team, given you have

1862
01:25:58,160 --> 01:26:01,200
Speaker 7: Trump so aggressively for so long, kind of taking a

1863
01:26:01,240 --> 01:26:01,880
Speaker 7: beating on him.

1864
01:26:02,040 --> 01:26:03,000
Speaker 1: But as for Iowa.

1865
01:26:03,080 --> 01:26:06,639
Speaker 7: I actually think his team showed a lot of political

1866
01:26:06,680 --> 01:26:10,360
Speaker 7: savviness in you know, after they stayed on the ground

1867
01:26:10,400 --> 01:26:14,479
Speaker 7: first of all, in Iowa when there was a tornado watch,

1868
01:26:14,479 --> 01:26:16,720
Speaker 7: which I was in the state and it was a

1869
01:26:16,720 --> 01:26:21,679
Speaker 7: little bit rainy, but it was fine, fine. And then

1870
01:26:22,160 --> 01:26:24,960
Speaker 7: you know, they after the second event, they went and

1871
01:26:25,080 --> 01:26:27,920
Speaker 7: they posted up right in the backyard of where the

1872
01:26:27,920 --> 01:26:29,519
Speaker 7: Trump rally was supposed to be, and I thought that

1873
01:26:29,560 --> 01:26:33,600
Speaker 7: was that was really smart. And they were outside, you know, indicating,

1874
01:26:33,960 --> 01:26:36,559
Speaker 7: you know, what a beautiful night. So, yeah, there is

1875
01:26:36,640 --> 01:26:40,280
Speaker 7: political savvy there. A lot of his team, his official

1876
01:26:40,320 --> 01:26:42,320
Speaker 7: campaign team is going to be comprised of people who

1877
01:26:42,320 --> 01:26:45,599
Speaker 7: have been around him for a long time. Now, how

1878
01:26:45,640 --> 01:26:47,800
Speaker 7: that ends up expanding, I don't know. I know that

1879
01:26:47,880 --> 01:26:51,720
Speaker 7: Deshantis has been historically very focused on you know, he's

1880
01:26:51,800 --> 01:26:54,080
Speaker 7: very insular. It's him, it's his wife, and those are

1881
01:26:54,120 --> 01:26:55,680
Speaker 7: the two main people. And he's going to have to

1882
01:26:56,120 --> 01:26:59,400
Speaker 7: expand that a lot and figure out kind of new

1883
01:26:59,479 --> 01:27:01,599
Speaker 7: hires that he can trust. And I think that's going

1884
01:27:01,640 --> 01:27:03,639
Speaker 7: to be a really big test for him because he's

1885
01:27:03,720 --> 01:27:04,679
Speaker 7: never had to do that before.

1886
01:27:04,760 --> 01:27:08,519
Speaker 1: Yeah, I agree, what is their theory of case of

1887
01:27:08,560 --> 01:27:11,479
Speaker 1: the case about how to or weather even to go

1888
01:27:11,560 --> 01:27:13,760
Speaker 1: directly at Trump, because this is one of the things

1889
01:27:13,800 --> 01:27:16,080
Speaker 1: we've been talking about here. There's there's really double stareing.

1890
01:27:16,080 --> 01:27:18,080
Speaker 1: I mean, Trump has been saying all kinds of crazy

1891
01:27:18,080 --> 01:27:20,439
Speaker 1: stuff about to say he like basically said he's a groom,

1892
01:27:20,479 --> 01:27:24,160
Speaker 1: or I mean like just unleashing a slew of attacks

1893
01:27:24,240 --> 01:27:27,479
Speaker 1: against Ron DeSantis. DeSantis will make this little like sort

1894
01:27:27,520 --> 01:27:29,759
Speaker 1: of side job like I don't know anything about payments

1895
01:27:29,760 --> 01:27:32,000
Speaker 1: to porn stars, and people will freak out about it.

1896
01:27:32,360 --> 01:27:34,640
Speaker 1: So it's a very different standard he's held to. It

1897
01:27:34,680 --> 01:27:36,840
Speaker 1: may not be fair, but that's reality. Donald Trump gets

1898
01:27:36,840 --> 01:27:39,040
Speaker 1: away with a lot more than other politicians do and

1899
01:27:39,120 --> 01:27:42,160
Speaker 1: basically every sphere of his life and his political campaigns.

1900
01:27:42,640 --> 01:27:45,400
Speaker 1: But at the same time, DeSantis, I think, is going

1901
01:27:45,439 --> 01:27:48,520
Speaker 1: to have to make some sort of cojin argument against

1902
01:27:48,520 --> 01:27:52,040
Speaker 1: Trump that would land with a Republican base in order

1903
01:27:52,080 --> 01:27:55,559
Speaker 1: to supplant him, as you know, the Republican nominee. So

1904
01:27:55,720 --> 01:27:58,280
Speaker 1: how are they thinking about how to navigate that challenge?

1905
01:27:58,400 --> 01:28:01,240
Speaker 7: Yeah, So the big thing, and you noted it, it's

1906
01:28:01,280 --> 01:28:04,599
Speaker 7: not just Dysantis who's kind of sidestepping these attackskins Trump.

1907
01:28:04,680 --> 01:28:06,960
Speaker 7: It's virtually the entire twenty four.

1908
01:28:06,880 --> 01:28:09,240
Speaker 1: Field and Nikki Haley's not kicking.

1909
01:28:10,880 --> 01:28:14,759
Speaker 7: But there's like a legitimate I think there's a legitimate reason.

1910
01:28:14,840 --> 01:28:17,280
Speaker 7: Whether or not it should be a legitimate reason. It

1911
01:28:17,360 --> 01:28:19,240
Speaker 7: is when you go on the ground and talk to

1912
01:28:19,280 --> 01:28:23,160
Speaker 7: these voters, even the ones who don't want Trump to

1913
01:28:23,200 --> 01:28:25,840
Speaker 7: be president again also don't want to vote for someone

1914
01:28:25,840 --> 01:28:27,720
Speaker 7: who's directly attacking him.

1915
01:28:28,120 --> 01:28:29,200
Speaker 1: They like, they like.

1916
01:28:29,200 --> 01:28:32,000
Speaker 7: His record, They feel defensive because of the media, and

1917
01:28:32,040 --> 01:28:35,960
Speaker 7: so it's this like constant what line do can we

1918
01:28:36,040 --> 01:28:38,400
Speaker 7: cross without alienating the voter?

1919
01:28:38,520 --> 01:28:38,880
Speaker 1: Price?

1920
01:28:39,680 --> 01:28:43,000
Speaker 7: But I think, you know, I think Desantage is from

1921
01:28:43,360 --> 01:28:46,840
Speaker 7: people I've spoken to. His argument for the case against

1922
01:28:46,840 --> 01:28:49,240
Speaker 7: Trump is going to be look at my Florida record,

1923
01:28:49,720 --> 01:28:51,800
Speaker 7: and he's going to try to get to the right

1924
01:28:51,880 --> 01:28:53,200
Speaker 7: on Trump on almost every issue.

1925
01:28:53,200 --> 01:28:54,000
Speaker 1: We've already seen it.

1926
01:28:54,120 --> 01:28:56,400
Speaker 2: So tell us about that then, So you were on

1927
01:28:56,439 --> 01:28:58,160
Speaker 2: the ground with voters, the voters, the old people that

1928
01:28:58,240 --> 01:29:00,640
Speaker 2: actually matter, not any of our So what do you

1929
01:29:00,720 --> 01:29:02,759
Speaker 2: hear from them about people who are for DeSantis?

1930
01:29:02,840 --> 01:29:04,200
Speaker 3: What are they saying? What do they look? Are they

1931
01:29:04,200 --> 01:29:05,559
Speaker 3: college educated? Are they normal?

1932
01:29:05,600 --> 01:29:07,840
Speaker 2: Iowa voters like, who are these people? What do they

1933
01:29:07,880 --> 01:29:09,400
Speaker 2: want from the man? And why do they like him

1934
01:29:09,439 --> 01:29:10,000
Speaker 2: over Trump?

1935
01:29:10,200 --> 01:29:11,040
Speaker 1: I think there's a mix.

1936
01:29:11,080 --> 01:29:15,720
Speaker 7: It's certainly and I read an NBC article a few

1937
01:29:15,720 --> 01:29:18,880
Speaker 7: weeks ago that is one hundred percent accurate that even

1938
01:29:19,080 --> 01:29:22,800
Speaker 7: with Desanti's struggles the past month, he's still getting huge

1939
01:29:22,880 --> 01:29:25,439
Speaker 7: numbers of people to his events, like they're having to

1940
01:29:26,280 --> 01:29:29,160
Speaker 7: the Fiendstra event, I think was the most RSVPs that

1941
01:29:29,200 --> 01:29:32,040
Speaker 7: they've ever had. The second event, the GOP County Dinner,

1942
01:29:32,040 --> 01:29:36,200
Speaker 7: they had to like extend invites like he's he's people

1943
01:29:36,200 --> 01:29:39,960
Speaker 7: are very interested in him, and I think it's a

1944
01:29:40,000 --> 01:29:44,880
Speaker 7: mix of people, but they like him because they're by

1945
01:29:44,920 --> 01:29:48,120
Speaker 7: and large they're tired of the drama, yes, from the

1946
01:29:48,120 --> 01:29:51,040
Speaker 7: Trump administration. And that's what I'm hearing consistently is they're like,

1947
01:29:51,320 --> 01:29:55,439
Speaker 7: we like Trump, he did a great job, but we're

1948
01:29:55,479 --> 01:29:57,800
Speaker 7: just tired of the drama. We want someone younger, like

1949
01:29:58,240 --> 01:30:00,640
Speaker 7: Ronda Santis in Florida has been like really tight with

1950
01:30:00,720 --> 01:30:04,080
Speaker 7: his messaging. There's no you know, drama, there's no leaks,

1951
01:30:04,080 --> 01:30:07,439
Speaker 7: and they really like that. So really, the big thing,

1952
01:30:07,640 --> 01:30:11,040
Speaker 7: in my opinion from talking to voters is just they're

1953
01:30:11,040 --> 01:30:11,840
Speaker 7: tired of drama.

1954
01:30:12,360 --> 01:30:14,840
Speaker 1: What about What do you think of the attempt to

1955
01:30:14,880 --> 01:30:17,479
Speaker 1: get to Trump's right on certain issues? I mean, the

1956
01:30:17,479 --> 01:30:21,639
Speaker 1: two that come to mind are abortion and entitlements, because

1957
01:30:21,720 --> 01:30:24,240
Speaker 1: on the one hand, those for the right positions may

1958
01:30:24,280 --> 01:30:27,160
Speaker 1: certainly land with a significant portion of the Republican base.

1959
01:30:27,560 --> 01:30:29,559
Speaker 1: On the other hand, they kind of undercut his other

1960
01:30:29,680 --> 01:30:32,320
Speaker 1: argument that he would be more electable than Donald Trump.

1961
01:30:32,320 --> 01:30:33,759
Speaker 1: I mean, we all see the way that the abortion

1962
01:30:33,840 --> 01:30:37,200
Speaker 1: issue has been devastating for Republican candidates who who have

1963
01:30:37,960 --> 01:30:41,760
Speaker 1: taken extreme positions. We've certainly seen the way that you know,

1964
01:30:42,240 --> 01:30:45,479
Speaker 1: it's touching entitlements in any way is really off the table.

1965
01:30:45,520 --> 01:30:47,920
Speaker 1: And Ronda Santis talked about that certainly in the past,

1966
01:30:47,920 --> 01:30:50,160
Speaker 1: that he was open to cuts to social Security and medicare.

1967
01:30:50,600 --> 01:30:53,720
Speaker 1: So how are they looking at those challenges? How are

1968
01:30:53,800 --> 01:30:56,080
Speaker 1: voters seeing those And we've also had reports that some

1969
01:30:56,200 --> 01:30:59,080
Speaker 1: donors were upset by comments, especially on Ukraine and abortion.

1970
01:30:59,479 --> 01:31:02,760
Speaker 7: Yeah, I think in terms of how voters are looking

1971
01:31:02,760 --> 01:31:07,760
Speaker 7: at it, they still view him as more electable than Trump.

1972
01:31:08,160 --> 01:31:09,320
Speaker 1: Just because of the messiness.

1973
01:31:09,360 --> 01:31:12,599
Speaker 7: They view him as being less messy, yes, and so

1974
01:31:12,680 --> 01:31:14,840
Speaker 7: for them, And whether that's accurate or not, I've heard

1975
01:31:14,840 --> 01:31:19,519
Speaker 7: from the you know, Democratic operatives who are texting me saying,

1976
01:31:19,760 --> 01:31:22,000
Speaker 7: oh Ron DeSantis said this about abortion, Like we're going

1977
01:31:22,080 --> 01:31:24,799
Speaker 7: to use this in the future, like this recent comment

1978
01:31:24,840 --> 01:31:28,120
Speaker 7: about hitting Trump over the abortion thing. They said, this

1979
01:31:28,200 --> 01:31:30,000
Speaker 7: is going to be a talking point for us. So

1980
01:31:30,040 --> 01:31:31,519
Speaker 7: it is going to be a struggle, like how far

1981
01:31:31,600 --> 01:31:33,519
Speaker 7: right can you go before you lose some of those

1982
01:31:33,560 --> 01:31:35,519
Speaker 7: independent voters or some of those people who are maybe

1983
01:31:35,520 --> 01:31:39,759
Speaker 7: a little bit more moderate socially particularly.

1984
01:31:39,240 --> 01:31:41,400
Speaker 2: Yeah, exactly, I mean that's the you know, the real

1985
01:31:41,760 --> 01:31:43,439
Speaker 2: problem I think that he has.

1986
01:31:43,479 --> 01:31:44,639
Speaker 3: And it's kind of interesting.

1987
01:31:44,680 --> 01:31:46,920
Speaker 2: I mean, whenever you okay, let's let's flip to the

1988
01:31:46,920 --> 01:31:48,519
Speaker 2: Trump side, you know, whenever you talk not surely the

1989
01:31:48,520 --> 01:31:50,200
Speaker 2: Trump campaign, the voters that you actually see on the

1990
01:31:50,200 --> 01:31:52,559
Speaker 2: ground that love Trump, why do they want to stick

1991
01:31:52,600 --> 01:31:55,160
Speaker 2: with him and not DeSantis? What do they say about DeSantis?

1992
01:31:55,240 --> 01:31:57,080
Speaker 2: I like the guy, but I love Trump? Like what

1993
01:31:57,120 --> 01:31:57,720
Speaker 2: does it look like?

1994
01:31:58,360 --> 01:32:01,680
Speaker 7: The big message I hear is I like DeSantis, but

1995
01:32:01,760 --> 01:32:04,840
Speaker 7: it's not his turn? Yes, right, But but the thing

1996
01:32:04,920 --> 01:32:07,280
Speaker 7: with the Trump based when I go to Trump events,

1997
01:32:07,320 --> 01:32:11,760
Speaker 7: it's different than any other candidate that I that I.

1998
01:32:11,600 --> 01:32:13,439
Speaker 2: This is hard to explain to people. Can you explain

1999
01:32:13,479 --> 01:32:14,880
Speaker 2: that because I've been to events like this.

2000
01:32:14,880 --> 01:32:17,360
Speaker 7: Is it's like you go to a Disanta's event and

2001
01:32:17,400 --> 01:32:21,639
Speaker 7: there's kind of like normal voters who are looking into

2002
01:32:21,680 --> 01:32:24,599
Speaker 7: the fields. They're not necessarily committed to any one candidate.

2003
01:32:24,680 --> 01:32:26,519
Speaker 7: They're just you know, kind of you know, they like

2004
01:32:26,560 --> 01:32:29,360
Speaker 7: being courted. It's Iowa, okay, I'm sure. And then you

2005
01:32:29,400 --> 01:32:31,600
Speaker 7: go to these Trump events and these Trump valleys, and

2006
01:32:31,640 --> 01:32:34,200
Speaker 7: these are like it's like fans. Yeah, it's like a

2007
01:32:35,160 --> 01:32:39,960
Speaker 7: yes exactly, and so it's very different talking to them

2008
01:32:40,080 --> 01:32:42,960
Speaker 7: versus talking to voters at some of these other events.

2009
01:32:43,000 --> 01:32:45,559
Speaker 3: Yes, yeah, well I always tried to handle that home

2010
01:32:45,600 --> 01:32:47,000
Speaker 3: to people. It literally is.

2011
01:32:46,960 --> 01:32:49,360
Speaker 2: Like nothing else in politics, and I haven't seen it

2012
01:32:49,400 --> 01:32:50,080
Speaker 2: in a long time.

2013
01:32:50,280 --> 01:32:51,439
Speaker 3: Shelby, thank you so much for joining us.

2014
01:32:51,760 --> 01:32:52,280
Speaker 1: Thanks you coming.

2015
01:32:53,160 --> 01:32:54,600
Speaker 2: It was great talking to you. Thank you guys so

2016
01:32:54,680 --> 01:32:56,600
Speaker 2: much for watching. We appreciate it. Thanks for all of

2017
01:32:56,640 --> 01:32:59,080
Speaker 2: your support breakingpoints dot com if you're able otherwise, we

2018
01:32:59,080 --> 01:33:09,200
Speaker 2: will see you all next week.