WEBVTT - Executive Disorder: Spokane Wildfires, Abdul Wins Michigan Primary, Munition Shortage 

0:00:01.720 --> 0:00:09.119
<v Speaker 1>Also media, there were some strange looking people at the RNC.

0:00:10.000 --> 0:00:12.639
<v Speaker 1>This is it could happen here at Executive Disorder Hour,

0:00:12.680 --> 0:00:14.920
<v Speaker 1>with the newscast covering what's happening in the White House,

0:00:14.960 --> 0:00:17.400
<v Speaker 1>the crumbling world, and what this means for you. I'm

0:00:17.400 --> 0:00:20.079
<v Speaker 1>Garrison Davis to They am joined by Robert Evans and

0:00:20.160 --> 0:00:24.120
<v Speaker 1>Mia Wong, with a special segment later on by James Stout,

0:00:24.720 --> 0:00:28.479
<v Speaker 1>who is on the ground in Spokane. This episode recovering

0:00:28.480 --> 0:00:32.919
<v Speaker 1>the week of July twenty ninth to August fifth, And

0:00:33.280 --> 0:00:38.760
<v Speaker 1>let's actually start with James reporting from the wildfires in Spokane.

0:00:39.720 --> 0:00:39.879
<v Speaker 2>Hi.

0:00:39.920 --> 0:00:43.879
<v Speaker 3>Everyone, it's James. I'm in Washington State this week covering

0:00:43.880 --> 0:00:46.960
<v Speaker 3>the fires here. I will cover more in depth on

0:00:47.040 --> 0:00:50.239
<v Speaker 3>my new show Natural Courses, which you will soon be

0:00:50.240 --> 0:00:53.120
<v Speaker 3>able to download wherever quality podcasts given away for free.

0:00:53.720 --> 0:00:55.520
<v Speaker 3>But I want to catch everyone up on the fires

0:00:55.560 --> 0:00:57.520
<v Speaker 3>here as an a little folk prefer to consume then

0:00:57.560 --> 0:00:59.800
<v Speaker 3>news this way and might otherwise not be aware of

0:00:59.800 --> 0:01:02.560
<v Speaker 3>what's going on. So on the first of August, the

0:01:02.680 --> 0:01:05.960
<v Speaker 3>National Weather Service in each of Washington and in Idaho

0:01:06.360 --> 0:01:11.360
<v Speaker 3>issued a PDS a Particularly Dangerous Situation Notice. Fires were

0:01:11.400 --> 0:01:14.120
<v Speaker 3>already burning across much of the state and across much

0:01:14.160 --> 0:01:16.560
<v Speaker 3>of the Pacific Northwest, including on the land of the

0:01:16.600 --> 0:01:20.800
<v Speaker 3>Colville Tribes and the Spokane Tribe. On Saturday, three fires

0:01:20.840 --> 0:01:23.800
<v Speaker 3>struck near the north part of the city of Spokane.

0:01:23.920 --> 0:01:27.600
<v Speaker 3>The PDS doubtless helped some folks prepare other folks, I'm

0:01:27.600 --> 0:01:30.479
<v Speaker 3>sure will have missed it entirely. Very quickly. People went

0:01:30.600 --> 0:01:34.680
<v Speaker 3>from nothing to level three go now warnings. This was

0:01:34.720 --> 0:01:38.520
<v Speaker 3>somewhat compounded by things like a large travel volleyball tournament

0:01:38.920 --> 0:01:42.039
<v Speaker 3>happening in an area which got a level three go

0:01:42.200 --> 0:01:44.520
<v Speaker 3>now warning. What that means if you're not familiar.

0:01:44.560 --> 0:01:45.200
<v Speaker 4>There are three.

0:01:45.080 --> 0:01:48.160
<v Speaker 3>Levels of warnings when you are evacuated for a fire,

0:01:48.720 --> 0:01:51.200
<v Speaker 3>and their level three is the most severe one, that

0:01:51.320 --> 0:01:53.480
<v Speaker 3>being like you have to leave your home right now.

0:01:54.080 --> 0:01:55.760
<v Speaker 3>Several people have related to me, and I want to

0:01:55.760 --> 0:01:58.160
<v Speaker 3>caveat here that I'm not being critical of the response,

0:01:58.200 --> 0:02:02.160
<v Speaker 3>which has actually been very good. I'm giving information because

0:02:02.240 --> 0:02:04.520
<v Speaker 3>more people are going to find themselves in this situation

0:02:04.720 --> 0:02:06.560
<v Speaker 3>in the future, and I think it's important that people

0:02:06.600 --> 0:02:10.080
<v Speaker 3>understand that the level three warning that buzzed on people's

0:02:10.080 --> 0:02:13.160
<v Speaker 3>phones of the emergency alert came not very long before

0:02:13.160 --> 0:02:16.000
<v Speaker 3>they saw fires and even structures on fire in the neighborhood, right.

0:02:16.000 --> 0:02:18.520
<v Speaker 3>I think people sometimes think that someone will come and

0:02:18.600 --> 0:02:22.360
<v Speaker 3>tell you when it is your time to leave. That's

0:02:22.360 --> 0:02:25.280
<v Speaker 3>not always going to be possible, right, And again, I'm

0:02:25.320 --> 0:02:28.120
<v Speaker 3>not conveying that to say that the response here was poor.

0:02:28.160 --> 0:02:32.000
<v Speaker 3>I'm conveying that to say that people need to understand

0:02:32.040 --> 0:02:34.360
<v Speaker 3>this because we're all going to have to live with

0:02:34.440 --> 0:02:36.680
<v Speaker 3>fire in the West because there has always been fire here.

0:02:37.280 --> 0:02:41.760
<v Speaker 3>The climate is changing and we are pushing our homes

0:02:41.800 --> 0:02:44.920
<v Speaker 3>further and further into the wildland urban interface, and that

0:02:45.080 --> 0:02:48.800
<v Speaker 3>is where this fire began. Right on Saturday. This state

0:02:48.880 --> 0:02:51.040
<v Speaker 3>was a tinderbox, and it was these neighborhoods along the

0:02:51.080 --> 0:02:54.120
<v Speaker 3>worldland urban interface that caught the brendt of these fast

0:02:54.120 --> 0:02:56.520
<v Speaker 3>moving fires that had a peninful source of fuel and

0:02:56.560 --> 0:02:59.400
<v Speaker 3>were pushed along by the wind. Currently, about a third

0:02:59.400 --> 0:03:01.840
<v Speaker 3>of the two hundred thousand people who live here in

0:03:01.880 --> 0:03:05.760
<v Speaker 3>Spokane have been placed under evacuations orders, and the community

0:03:05.840 --> 0:03:07.840
<v Speaker 3>is obviously feeling the way of that, along with the

0:03:07.960 --> 0:03:10.080
<v Speaker 3>hundreds of people who lost their homes and all their

0:03:10.120 --> 0:03:14.919
<v Speaker 3>possessions here. Notable points of the evacuations included buses evacuating

0:03:14.960 --> 0:03:17.639
<v Speaker 3>people from old folks homes and a VA hospital was

0:03:17.639 --> 0:03:21.800
<v Speaker 3>also evacuated by buses, And of course many people left

0:03:21.840 --> 0:03:24.239
<v Speaker 3>their homes in their cars with their possessions, their pets,

0:03:24.240 --> 0:03:26.680
<v Speaker 3>their families, etc. And of course that resulted in very

0:03:26.680 --> 0:03:30.120
<v Speaker 3>slow moving traffic. Nonetheless, from what I heard this morning,

0:03:30.120 --> 0:03:32.840
<v Speaker 3>seems everyone evacuated in time at least to save themselves.

0:03:32.960 --> 0:03:37.200
<v Speaker 3>I know many people will be dealing with tragedies, right

0:03:37.240 --> 0:03:40.680
<v Speaker 3>They've lost their homes, people will have lost pets, people

0:03:40.680 --> 0:03:43.640
<v Speaker 3>will have lost things that are incredibly important to them.

0:03:43.840 --> 0:03:43.960
<v Speaker 5>Right.

0:03:44.280 --> 0:03:47.760
<v Speaker 3>I spoke to people out on the Covial Tribes reservation

0:03:47.800 --> 0:03:51.280
<v Speaker 3>who were saying they had lost homes that their father, mother,

0:03:51.840 --> 0:03:55.600
<v Speaker 3>grandparents built with their hands, right, these intergenerational homes that

0:03:55.640 --> 0:03:58.800
<v Speaker 3>had gone. That is absolutely tragic. I want to give

0:03:58.840 --> 0:04:01.440
<v Speaker 3>an update that I got this morning from a public

0:04:01.440 --> 0:04:04.960
<v Speaker 3>information officer of the IMT that's managing this fire, so

0:04:05.000 --> 0:04:06.720
<v Speaker 3>we'll drop that in right now.

0:04:07.120 --> 0:04:10.560
<v Speaker 6>My name's Tom Stokesbury. I'm the lead public information officer

0:04:10.680 --> 0:04:14.840
<v Speaker 6>for California Interagency Incident Management Team seven. So right now,

0:04:14.880 --> 0:04:17.320
<v Speaker 6>there's three fires that make up the Spokane area fires.

0:04:17.360 --> 0:04:20.599
<v Speaker 6>That's going to be the Fairview Fire, the Old Trails Fire,

0:04:20.680 --> 0:04:24.200
<v Speaker 6>and the Autumn Lane fire. Currently all totaled in the

0:04:24.240 --> 0:04:27.920
<v Speaker 6>acres is ten thy, five hundred and forty. But over

0:04:28.000 --> 0:04:30.719
<v Speaker 6>the last twenty four hours, our firefighters have made tremendous

0:04:30.760 --> 0:04:34.480
<v Speaker 6>progress in putting control lines in around the entire perimeter

0:04:34.560 --> 0:04:36.880
<v Speaker 6>of all three fires. Now that doesn't mean the fires

0:04:36.880 --> 0:04:40.839
<v Speaker 6>contained or controlled. We just have those management and control lines.

0:04:40.880 --> 0:04:44.039
<v Speaker 6>There still have an active firefights. They'll have active flames

0:04:44.040 --> 0:04:46.839
<v Speaker 6>in the interior. To the point on the Old Trails

0:04:46.839 --> 0:04:49.359
<v Speaker 6>and Fairview fire, we actually had a spot outside the

0:04:49.360 --> 0:04:52.000
<v Speaker 6>line on each one of those that went to about

0:04:52.040 --> 0:04:54.320
<v Speaker 6>an acre acre and a half, but we had the

0:04:54.360 --> 0:04:56.120
<v Speaker 6>resources in the right place and they were able to

0:04:56.120 --> 0:04:59.320
<v Speaker 6>pick those up at about one acre each. So that

0:04:59.400 --> 0:05:02.599
<v Speaker 6>just kind of proved that they're still active heat hot

0:05:02.600 --> 0:05:05.320
<v Speaker 6>spots in this interior. And that's why we have engines

0:05:05.320 --> 0:05:08.640
<v Speaker 6>and all three of these fires still protecting the structures

0:05:08.680 --> 0:05:11.919
<v Speaker 6>that have not been impacted yet because any kind of

0:05:12.000 --> 0:05:15.760
<v Speaker 6>wind can throw embers and right now, the receptive fuels

0:05:15.800 --> 0:05:17.880
<v Speaker 6>in this area, and by fuels, I mean the vegetation

0:05:18.000 --> 0:05:20.800
<v Speaker 6>that is so dry, right your grass, your brush, it's

0:05:20.920 --> 0:05:24.479
<v Speaker 6>very receptive to those embers. Proof being is the two

0:05:24.480 --> 0:05:28.200
<v Speaker 6>spot fires. But we have thirteen hundred firefighters here. We're

0:05:28.320 --> 0:05:30.200
<v Speaker 6>expected to be over two thousand by the end of

0:05:30.240 --> 0:05:30.600
<v Speaker 6>the week.

0:05:31.040 --> 0:05:33.120
<v Speaker 3>I also asked about the number of structures impacted and

0:05:33.240 --> 0:05:35.720
<v Speaker 3>when people here can expect to return home. And here's

0:05:35.720 --> 0:05:36.440
<v Speaker 3>what Tom said.

0:05:36.760 --> 0:05:39.080
<v Speaker 6>Right now, we're well over seven hundred structures that have

0:05:39.160 --> 0:05:43.080
<v Speaker 6>been impacted. We do have damage assessment personnel ordered and

0:05:43.480 --> 0:05:46.000
<v Speaker 6>en route. It's my understanding they'll be showing up today

0:05:46.000 --> 0:05:47.480
<v Speaker 6>and we'll have them on the ground tomorrow. So we're

0:05:47.520 --> 0:05:49.720
<v Speaker 6>going to start to get a more accurate number of

0:05:49.760 --> 0:05:53.000
<v Speaker 6>what those impacted structures look like versus a total loss

0:05:53.000 --> 0:05:55.800
<v Speaker 6>to just an impacted structure. And those structures include not

0:05:55.839 --> 0:06:00.640
<v Speaker 6>only people's personal homes, but garages, outbuildings, sheds. But we're

0:06:00.640 --> 0:06:02.440
<v Speaker 6>going to get a better accurate number on those over

0:06:02.480 --> 0:06:05.320
<v Speaker 6>these next few days, trying to get these communities back

0:06:05.320 --> 0:06:08.160
<v Speaker 6>to where we can get them repopulated. But in addition

0:06:08.240 --> 0:06:11.080
<v Speaker 6>to that, there's a tremendous amount of hasmat in there.

0:06:11.240 --> 0:06:15.760
<v Speaker 6>We're talking burned solar panels, we're talking LPG, possible gas leaks,

0:06:16.400 --> 0:06:19.159
<v Speaker 6>the building materials from homes that have been burnt, the

0:06:19.200 --> 0:06:22.200
<v Speaker 6>stuff that's inside those homes. There is a lot of hasmat.

0:06:22.400 --> 0:06:24.240
<v Speaker 6>So we have to ensure the public is going to

0:06:24.279 --> 0:06:26.880
<v Speaker 6>be safe before we repopulate and let them back in there,

0:06:26.920 --> 0:06:30.360
<v Speaker 6>because our ultimate goal is life first then property, and

0:06:30.400 --> 0:06:32.640
<v Speaker 6>that life is not just firefighters, it's the public safety.

0:06:32.720 --> 0:06:32.920
<v Speaker 7>Yeah.

0:06:33.680 --> 0:06:35.360
<v Speaker 3>Well, I was at the fire based camp also ran

0:06:35.400 --> 0:06:38.400
<v Speaker 3>into local community members and businesses who are helping out.

0:06:38.560 --> 0:06:44.560
<v Speaker 3>People were constantly dropping off food and snacks and supplies.

0:06:45.080 --> 0:06:48.760
<v Speaker 3>His One local business owner who explained his efforts.

0:06:48.360 --> 0:06:51.640
<v Speaker 7>To me, So, my name is Tim Codzy. I'm with JK. Boots.

0:06:51.800 --> 0:06:53.880
<v Speaker 7>I'm one of the owners with my brother, and.

0:06:54.640 --> 0:06:57.040
<v Speaker 3>I asked him what him and his company we're doing

0:06:57.040 --> 0:06:57.920
<v Speaker 3>to support the community.

0:06:58.200 --> 0:07:00.360
<v Speaker 7>On Wednesday, August fifth, we're doing some of the home

0:07:00.360 --> 0:07:02.960
<v Speaker 7>Front Day. We're going to donate one hundred percent of

0:07:03.000 --> 0:07:05.480
<v Speaker 7>all the profits of that day to the Spokane residents

0:07:05.520 --> 0:07:07.200
<v Speaker 7>who lost their homes. So they could do that. They

0:07:07.200 --> 0:07:09.560
<v Speaker 7>can participate just on our website and just do something,

0:07:10.080 --> 0:07:12.360
<v Speaker 7>just get something, and that'll go to those people. The

0:07:12.400 --> 0:07:14.240
<v Speaker 7>other things you can do is you can come here

0:07:14.280 --> 0:07:18.480
<v Speaker 7>and you can offer to drop off you know again, drinks, wipes, essentials.

0:07:18.520 --> 0:07:21.120
<v Speaker 7>You can look on Facebook, they've posted those things. The

0:07:21.160 --> 0:07:23.760
<v Speaker 7>other big thing is just there's other funds that are

0:07:23.800 --> 0:07:26.680
<v Speaker 7>set up that have like meal trains, and because there's

0:07:26.720 --> 0:07:28.880
<v Speaker 7>about sixty thousand people that are still not a not

0:07:28.920 --> 0:07:30.080
<v Speaker 7>able to go back to their homes.

0:07:30.240 --> 0:07:36.560
<v Speaker 3>Yeah, what's happening in Spokane is tragic and it is

0:07:36.600 --> 0:07:39.400
<v Speaker 3>going to impact this community for years to come. It

0:07:39.440 --> 0:07:42.280
<v Speaker 3>will take a very long time for rebuilding to happen,

0:07:42.400 --> 0:07:44.680
<v Speaker 3>and probably even longer for people to hear the emotionally,

0:07:45.480 --> 0:07:48.400
<v Speaker 3>I want to make sure that we do not overlook

0:07:48.400 --> 0:07:51.000
<v Speaker 3>the several large ongoing fires that are impacting the Indigenous

0:07:51.040 --> 0:07:54.400
<v Speaker 3>communities around the city though, because as resources shift to

0:07:54.440 --> 0:07:57.440
<v Speaker 3>the fires then the city, these communities will see fewer resources,

0:07:57.440 --> 0:08:00.680
<v Speaker 3>and indeed they already have seen fewer resources. I spent

0:08:00.720 --> 0:08:04.280
<v Speaker 3>the last couple of days visiting the Colville Tribes Reservations

0:08:04.280 --> 0:08:07.720
<v Speaker 3>Spokane Tribe Reservations. Today. I spoke to folks who would

0:08:07.760 --> 0:08:10.480
<v Speaker 3>cut their own fire lines around their homes and communities

0:08:10.520 --> 0:08:13.600
<v Speaker 3>who were prepared to fight the fire. And Indigenous people

0:08:13.640 --> 0:08:16.680
<v Speaker 3>here have lived with fire for thousands of years, right,

0:08:16.760 --> 0:08:20.760
<v Speaker 3>they have a deep understanding of fire, and people there

0:08:20.760 --> 0:08:23.480
<v Speaker 3>had decided to stay and to defend their communities, even

0:08:23.480 --> 0:08:27.840
<v Speaker 3>in areas that were impacted by Level three evacuations. Not

0:08:27.960 --> 0:08:31.880
<v Speaker 3>everybody right. Some people who were more vulnerable, Some people

0:08:31.880 --> 0:08:33.719
<v Speaker 3>who were not able to pass this bit in that

0:08:33.800 --> 0:08:35.760
<v Speaker 3>response or didn't feel safe doing so, left, and the

0:08:35.800 --> 0:08:39.360
<v Speaker 3>folks stayed. As resources continue to be diverted to fight

0:08:39.400 --> 0:08:42.600
<v Speaker 3>these fires and spoken, and as news coverage will continue

0:08:42.600 --> 0:08:44.680
<v Speaker 3>to centerund the city, folks who lost their homes out

0:08:44.679 --> 0:08:47.800
<v Speaker 3>in these tribal communities will also need help, and it

0:08:47.880 --> 0:08:50.040
<v Speaker 3>might be harder for them to find it. Some of

0:08:50.040 --> 0:08:52.840
<v Speaker 3>these people are still in their homes. Just today, I

0:08:52.840 --> 0:08:55.400
<v Speaker 3>spoke to several people who determined to do the hardest

0:08:55.400 --> 0:08:57.240
<v Speaker 3>to save their homes and hoping the little wind doesn't

0:08:57.280 --> 0:08:59.800
<v Speaker 3>pick up. They're cutting their own fire lines in Several

0:09:00.600 --> 0:09:03.319
<v Speaker 3>forestry and mining workers as well as tribal community members

0:09:03.320 --> 0:09:05.920
<v Speaker 3>who are on contract fire crews, have been using their

0:09:05.920 --> 0:09:08.880
<v Speaker 3>machinery and their skills to clear space and create better

0:09:08.880 --> 0:09:13.199
<v Speaker 3>firebreaks around their communities. It's a really tragic and difficult situation,

0:09:13.360 --> 0:09:17.640
<v Speaker 3>especially when combined with this reporting that I will link

0:09:17.679 --> 0:09:20.840
<v Speaker 3>to of Red Cross volunteers making racist from marks shelters

0:09:21.120 --> 0:09:24.400
<v Speaker 3>that made Indigenous folks feel unwelcome there. I don't think

0:09:24.400 --> 0:09:25.880
<v Speaker 3>I need to repeat those, but I will link to

0:09:25.920 --> 0:09:27.920
<v Speaker 3>the story if you'd like to read it. It is also,

0:09:27.960 --> 0:09:30.079
<v Speaker 3>of course amazing to see the strengths and resilience of

0:09:30.160 --> 0:09:32.520
<v Speaker 3>communities coming together to take care of one another in

0:09:32.559 --> 0:09:37.000
<v Speaker 3>these tragic situations. I particularly want to highlight the work

0:09:37.040 --> 0:09:40.680
<v Speaker 3>of the River Warriors Society. I spent today with them

0:09:40.840 --> 0:09:44.440
<v Speaker 3>moving supplies from one reservation to another. I will include

0:09:44.440 --> 0:09:47.319
<v Speaker 3>a link to the Spokane Tribal Network, which people can

0:09:47.440 --> 0:09:49.480
<v Speaker 3>use if they'd like to donate to support that mutual

0:09:49.559 --> 0:09:51.800
<v Speaker 3>laid work. They're really doing excellent work. They're getting people

0:09:51.800 --> 0:09:55.600
<v Speaker 3>what they need, They're filling those gaps. They're moving more

0:09:55.679 --> 0:10:00.320
<v Speaker 3>quickly than big organizations of big government things can even

0:10:00.559 --> 0:10:03.320
<v Speaker 3>tribal governments where it will require paperwork, whereas what they're

0:10:03.320 --> 0:10:07.080
<v Speaker 3>doing is literally standing at gas stations using cards to

0:10:07.120 --> 0:10:09.520
<v Speaker 3>pay for people's gas so they can get where they

0:10:09.520 --> 0:10:12.760
<v Speaker 3>need to go right, getting people hotel rooms, getting people food,

0:10:12.800 --> 0:10:15.959
<v Speaker 3>getting people the things they need to get through this

0:10:16.280 --> 0:10:19.400
<v Speaker 3>and to begin healing. Today I help load hundreds of

0:10:19.440 --> 0:10:23.000
<v Speaker 3>pounds of pet food and animal food into a trailer,

0:10:23.040 --> 0:10:25.360
<v Speaker 3>for instance, so that people who need to feed their

0:10:25.400 --> 0:10:29.000
<v Speaker 3>animals don't have to drive for hours away from their homes,

0:10:29.120 --> 0:10:30.920
<v Speaker 3>right when the risk of fire is high and they

0:10:30.960 --> 0:10:32.600
<v Speaker 3>want to stay home and do what they can to

0:10:32.600 --> 0:10:35.040
<v Speaker 3>protect their homes. They're really doing excellent work, and I

0:10:35.080 --> 0:10:37.440
<v Speaker 3>would encourage you to support them if you have the resources.

0:10:38.000 --> 0:10:39.640
<v Speaker 3>I will have more of this when I get home.

0:10:40.200 --> 0:10:44.240
<v Speaker 3>Currently really tired, smell like a campfire, and I am

0:10:44.320 --> 0:10:46.840
<v Speaker 3>in the bathroom of a motel because it is the

0:10:46.840 --> 0:10:50.760
<v Speaker 3>only quiet place I could find. If you'd like to donate,

0:10:51.120 --> 0:10:54.240
<v Speaker 3>I would suggest the Spoken Tribal Network and I'll include

0:10:54.280 --> 0:10:57.400
<v Speaker 3>their web address. It's Spoken Trible network dot org, not

0:10:57.440 --> 0:10:59.959
<v Speaker 3>hard to find. I will also include the Unovia Foundation

0:11:00.080 --> 0:11:03.400
<v Speaker 3>web page for donation to folks in Spokane and their

0:11:03.480 --> 0:11:07.200
<v Speaker 3>ongoing recovery. And yeah, I'll have more on this soon.

0:11:08.080 --> 0:11:10.400
<v Speaker 3>Hey everyone, it's James again. Just a little pick up here.

0:11:10.840 --> 0:11:14.320
<v Speaker 3>They wanted to add someone has been arrested for arson

0:11:14.800 --> 0:11:17.960
<v Speaker 3>in connection with the Autumn Trails fire. I want to

0:11:18.000 --> 0:11:22.840
<v Speaker 3>remind everyone that an arrest is not a conviction. There

0:11:22.880 --> 0:11:26.959
<v Speaker 3>were three fires that impacted Spokane, and that fire needs

0:11:26.960 --> 0:11:30.280
<v Speaker 3>more than ignition right to spread in the way that

0:11:30.280 --> 0:11:33.319
<v Speaker 3>they did here. It needs fuel crucially in this example,

0:11:33.880 --> 0:11:36.320
<v Speaker 3>and that fuel was already there right. That's why I

0:11:36.360 --> 0:11:39.640
<v Speaker 3>wanted to highlight the PDS that was issued on the

0:11:39.679 --> 0:11:43.360
<v Speaker 3>first of August. Now, I also want to address these

0:11:43.400 --> 0:11:47.280
<v Speaker 3>conspiracy theories. Right the most common conspiracy theory seems to

0:11:47.280 --> 0:11:51.480
<v Speaker 3>be that this was an attempt by big data center

0:11:51.520 --> 0:11:55.280
<v Speaker 3>companies to clear a block of land in order to

0:11:56.240 --> 0:11:57.839
<v Speaker 3>have a place where they could put a data center.

0:11:58.320 --> 0:12:00.240
<v Speaker 3>I can tell you that I've spent the last two

0:12:00.320 --> 0:12:05.160
<v Speaker 3>days driving hundreds of miles around eastern Washington. There is

0:12:05.840 --> 0:12:08.199
<v Speaker 3>plenty of land where you could put a data center

0:12:08.240 --> 0:12:11.520
<v Speaker 3>here without burning down a neighborhood. Data centers aren't that

0:12:12.360 --> 0:12:16.240
<v Speaker 3>they are destroying so many beautiful places and so many

0:12:16.280 --> 0:12:20.839
<v Speaker 3>wonderful things. It doesn't mean that they are comic book

0:12:20.880 --> 0:12:24.360
<v Speaker 3>evil all the time. I think we need to inject

0:12:24.400 --> 0:12:28.160
<v Speaker 3>a little rational thought here. We don't have any evidence

0:12:28.520 --> 0:12:32.280
<v Speaker 3>that it was a data center. We did, then people

0:12:32.320 --> 0:12:35.959
<v Speaker 3>would be presenting it. But the data center hypothesis seems

0:12:35.960 --> 0:12:38.079
<v Speaker 3>to rest on people want to build the data center

0:12:38.120 --> 0:12:43.640
<v Speaker 3>near here, therefore burn down neighborhoods. Or the relatively common

0:12:43.679 --> 0:12:49.000
<v Speaker 3>and frequently recurrent fifteen minute cities conspiracy theory, which suggests

0:12:49.040 --> 0:12:52.160
<v Speaker 3>that rather than fifteen minute cities being an aspirational goal

0:12:52.200 --> 0:12:55.480
<v Speaker 3>for urban planning and a framework around which you consider

0:12:56.000 --> 0:13:01.000
<v Speaker 3>permitting building and potentially growing our cities. They are some

0:13:01.080 --> 0:13:04.360
<v Speaker 3>kind of George Sorrows mandated dictat that is now being

0:13:04.440 --> 0:13:07.959
<v Speaker 3>enforced by burning people's neighborhoods down in suburban areas. Again,

0:13:08.360 --> 0:13:12.120
<v Speaker 3>no evidence to support that other than this wasn't a

0:13:12.120 --> 0:13:15.280
<v Speaker 3>city that the fifteen minute city people consider to be

0:13:15.400 --> 0:13:18.520
<v Speaker 3>a fifteen minute city. I want to address these things

0:13:18.559 --> 0:13:21.200
<v Speaker 3>because they come up every single time there's a fire,

0:13:21.920 --> 0:13:23.920
<v Speaker 3>and I think we need and we're going to talk

0:13:23.960 --> 0:13:26.040
<v Speaker 3>about this more in my show Natural Causes, which you

0:13:26.080 --> 0:13:28.679
<v Speaker 3>can hear from seventeenth of August wherever Good Podcast giving

0:13:28.720 --> 0:13:32.160
<v Speaker 3>away for free. There are going to be fires in

0:13:32.240 --> 0:13:35.720
<v Speaker 3>this ecosystem forever. There have been fires since there have

0:13:35.840 --> 0:13:41.000
<v Speaker 3>been plants to burn. Lightning started fires before people ever did.

0:13:41.760 --> 0:13:43.800
<v Speaker 3>But the people who have been here for tens of

0:13:43.840 --> 0:13:47.200
<v Speaker 3>thousands of years have lived along side fire for all

0:13:47.240 --> 0:13:49.880
<v Speaker 3>that time. We can't entirely suppress fire and remove it

0:13:49.880 --> 0:13:54.120
<v Speaker 3>from our landscape. This landscape needs fire and evolved co

0:13:54.240 --> 0:13:57.079
<v Speaker 3>evolved with fire. But there are ways that we can

0:13:57.520 --> 0:14:01.280
<v Speaker 3>prevent fire from doing what happen and today. But they

0:14:01.360 --> 0:14:04.280
<v Speaker 3>require a lot of effort, They require a lot of resources,

0:14:05.080 --> 0:14:09.199
<v Speaker 3>and they require some rethinking of how we live alongside fire.

0:14:09.520 --> 0:14:11.920
<v Speaker 3>That's something I'd like to approach later and in more detail,

0:14:12.040 --> 0:14:15.040
<v Speaker 3>but I guess I just wanted to address these conspiracy

0:14:15.080 --> 0:14:17.160
<v Speaker 3>theories because I see more and more of them. Also

0:14:17.200 --> 0:14:19.400
<v Speaker 3>want to point out that there is no meaningful restitution

0:14:19.480 --> 0:14:21.640
<v Speaker 3>that be astracted from one person if that person did

0:14:21.680 --> 0:14:27.040
<v Speaker 3>start the fire. Healing doesn't come from punishing someone, comes

0:14:27.040 --> 0:14:30.560
<v Speaker 3>from helping someone. And in this situation, there are hundreds

0:14:30.600 --> 0:14:33.760
<v Speaker 3>of families who lost their homes, both on the Coval

0:14:33.800 --> 0:14:37.360
<v Speaker 3>Tribes reservation, the Spoken Tribe Reservation and here in Spokane

0:14:37.360 --> 0:14:39.920
<v Speaker 3>the city, and I think the focus should be on

0:14:39.960 --> 0:14:42.040
<v Speaker 3>how to help those people and how to help them heal,

0:14:42.680 --> 0:14:46.280
<v Speaker 3>rather than blaming one person who may have started this fire,

0:14:46.320 --> 0:14:48.560
<v Speaker 3>who may not write. We haven't got a conviction yet,

0:14:48.680 --> 0:14:52.320
<v Speaker 3>but either way, I want people to remember that this

0:14:52.440 --> 0:14:53.760
<v Speaker 3>is about a lot more than one person.

0:14:57.440 --> 0:15:02.920
<v Speaker 1>Thank you, James. In other news, on Monday, a federal

0:15:03.080 --> 0:15:06.920
<v Speaker 1>judge issued a preliminary injunction blocking New York's ban on

0:15:07.120 --> 0:15:11.480
<v Speaker 1>ice agents wearing masks. The New York state is suing

0:15:11.680 --> 0:15:15.200
<v Speaker 1>to shut down Calshie for operating as an unregulated sports

0:15:15.200 --> 0:15:19.360
<v Speaker 1>betting platform that offers illegal underage gambling The state is

0:15:19.400 --> 0:15:23.360
<v Speaker 1>also seeking thirty six billion dollars in penalties, and this

0:15:23.440 --> 0:15:27.800
<v Speaker 1>lawsuit comes after a district court ruled against Calshi in

0:15:28.040 --> 0:15:31.360
<v Speaker 1>their bid to protect itself from the enforcement of New

0:15:31.440 --> 0:15:35.120
<v Speaker 1>York's gambling laws. Prior to this lawsuit from the state,

0:15:35.760 --> 0:15:39.520
<v Speaker 1>Calshei attempted to bribe Governor Kathy Hokel by offering ten

0:15:39.600 --> 0:15:43.560
<v Speaker 1>billion in tax revenue over five years. The governor responded

0:15:43.600 --> 0:15:47.080
<v Speaker 1>on the everything app quote Calshi can promise one hundred

0:15:47.080 --> 0:15:49.800
<v Speaker 1>percent of its revenue. You can't buy yourself an exemption

0:15:49.960 --> 0:15:52.880
<v Speaker 1>from New York law. If an i legal bookie offers

0:15:52.920 --> 0:15:55.560
<v Speaker 1>this state a share of their profits, will still shut

0:15:55.600 --> 0:15:59.680
<v Speaker 1>them down unquote. In response to a lawsuit from Trump

0:15:59.760 --> 0:16:04.240
<v Speaker 1>A accusing Capital One of unlawfully closing his bank accounts

0:16:04.240 --> 0:16:07.720
<v Speaker 1>for political reasons, Capitol One is revealed in court filings

0:16:07.880 --> 0:16:11.080
<v Speaker 1>that the Trump organization bank accounts were closed in twenty

0:16:11.120 --> 0:16:16.080
<v Speaker 1>twenty one for quote unquote anti money laundering reasons following

0:16:16.200 --> 0:16:19.880
<v Speaker 1>quote months of analysis and careful review by the bank's

0:16:20.000 --> 0:16:23.600
<v Speaker 1>money laundering team. If he wants, Prior to the closure

0:16:23.600 --> 0:16:25.920
<v Speaker 1>of Trump's accounts, Capital One had to pay a three

0:16:26.000 --> 0:16:28.800
<v Speaker 1>hundred and ninety million dollar penalty to the Financial Crimes

0:16:28.840 --> 0:16:33.440
<v Speaker 1>Enforcement Network for not enforcing an effective anti money laundering program.

0:16:34.160 --> 0:16:38.360
<v Speaker 1>Acting Attorney General Todd Blanche's Senate confirmation hearing is coming up,

0:16:38.600 --> 0:16:42.280
<v Speaker 1>but last week President Trump said he would keep Blanche

0:16:42.360 --> 0:16:46.840
<v Speaker 1>on as acting Attorney General if Blanche doesn't get confirmed,

0:16:47.400 --> 0:16:50.760
<v Speaker 1>and just try to nominate him again after the mid terms.

0:16:52.120 --> 0:16:55.640
<v Speaker 1>The US Attorney has dropped charges against three people who

0:16:55.680 --> 0:17:00.240
<v Speaker 1>were accused of damaging the Lincoln Memorial reflecting Pool. The

0:17:00.240 --> 0:17:03.760
<v Speaker 1>motion to dismiss the felony charge against the former Olympic

0:17:03.800 --> 0:17:07.680
<v Speaker 1>athlete claims that it wasn't until after he was indicted

0:17:07.880 --> 0:17:11.240
<v Speaker 1>that the Department of Interior gave evidence over to prosecutors

0:17:11.480 --> 0:17:14.480
<v Speaker 1>that quote, damaged to the Lincoln Memorial reflecting Pool in

0:17:14.560 --> 0:17:17.480
<v Speaker 1>July twenty twenty six was the result of flawed installation

0:17:17.640 --> 0:17:20.720
<v Speaker 1>by the contractor and the rush to complete the project

0:17:20.800 --> 0:17:24.439
<v Speaker 1>prior to events associated with America two fifty celebration in

0:17:24.480 --> 0:17:28.800
<v Speaker 1>the weeks surrounding Independence Day twenty twenty six. The motion

0:17:28.960 --> 0:17:33.000
<v Speaker 1>also states, quote is difficult to attribute the widespread damage

0:17:33.000 --> 0:17:37.680
<v Speaker 1>to the reflecting pool to vandalism unquote. Of course, Trump

0:17:37.720 --> 0:17:40.960
<v Speaker 1>was not too happy about this, turning to truth social

0:17:41.119 --> 0:17:45.399
<v Speaker 1>to say, I disagree one hundred percent with the Chenin Piro,

0:17:46.240 --> 0:17:48.560
<v Speaker 1>the US attorney for the District of Columbia, on the

0:17:48.600 --> 0:17:52.040
<v Speaker 1>reflecting pool. I don't know what she was thinking. To me,

0:17:52.280 --> 0:17:55.600
<v Speaker 1>it was a pure case of vandalism in all caps.

0:17:56.040 --> 0:17:58.920
<v Speaker 1>That includes the grass which had a big eighty six

0:17:59.119 --> 0:18:02.760
<v Speaker 1>forty seven emblazoned in giant letters on it, oh my god,

0:18:03.240 --> 0:18:05.800
<v Speaker 1>and many other elements of the surrounding area.

0:18:06.359 --> 0:18:08.600
<v Speaker 4>Ah god, ah god, oh God.

0:18:09.600 --> 0:18:13.400
<v Speaker 1>There may have been some contract or difficulty, but the

0:18:13.480 --> 0:18:18.440
<v Speaker 1>major damage was caused by vandals. President dj T. The

0:18:18.440 --> 0:18:22.080
<v Speaker 1>President later said that Piro quote unquote, folded like an

0:18:22.160 --> 0:18:26.159
<v Speaker 1>umbrella end quote. Frankly, I think she choked because the

0:18:26.280 --> 0:18:29.879
<v Speaker 1>judge was really vicious unquote. There was some speculation that

0:18:29.920 --> 0:18:33.600
<v Speaker 1>he might fire the US attorney. That has not happened

0:18:33.880 --> 0:18:36.000
<v Speaker 1>as of yet, but who knows.

0:18:36.440 --> 0:18:38.760
<v Speaker 4>You know, it's it's the Trump administration. Things could have

0:18:38.840 --> 0:18:42.600
<v Speaker 4>changed by the time we finished recording this. Yeah, there's

0:18:42.600 --> 0:18:44.520
<v Speaker 4>I got thirty percent chance things will have changed by

0:18:44.520 --> 0:18:45.680
<v Speaker 4>the time we finished recording this.

0:18:46.760 --> 0:18:48.960
<v Speaker 1>Obviously, it's good that these charges were dropped. It was

0:18:49.160 --> 0:18:51.840
<v Speaker 1>very clear that the damage to the reflecting pool was

0:18:51.880 --> 0:18:53.000
<v Speaker 1>not done by vandals.

0:18:53.119 --> 0:18:57.600
<v Speaker 4>No, and that fucking late, middle aged former olympian bending

0:18:57.680 --> 0:19:00.480
<v Speaker 4>briefly down to touch the water did not cost one

0:19:00.560 --> 0:19:03.200
<v Speaker 4>hundred and fifty foot cut in the fucking in this

0:19:03.359 --> 0:19:05.399
<v Speaker 4>central Absolutely not.

0:19:07.440 --> 0:19:08.200
<v Speaker 8>Oh god.

0:19:08.960 --> 0:19:12.480
<v Speaker 1>Ohio House Rep. Max Miller, who's accused of abuse and

0:19:12.520 --> 0:19:15.359
<v Speaker 1>breaking his two year old daughter's collarbone, which we covered

0:19:15.400 --> 0:19:19.560
<v Speaker 1>last week, posted a video this week addressing the allegations

0:19:19.600 --> 0:19:22.359
<v Speaker 1>made by his ex wife, saying, quote, if I had

0:19:22.359 --> 0:19:25.160
<v Speaker 1>assaulted her, would she have offered to cook me dinner

0:19:25.240 --> 0:19:29.720
<v Speaker 1>six days later? Un quote? The next day, Trump was

0:19:29.840 --> 0:19:32.680
<v Speaker 1>questioned about Miller and said this, it's.

0:19:32.600 --> 0:19:35.640
<v Speaker 5>A very sad thing. I know Max. He said, it's

0:19:35.680 --> 0:19:37.399
<v Speaker 5>a good person. I mean I always thought he was

0:19:37.400 --> 0:19:40.240
<v Speaker 5>a very good person. And I'm gonna let the families

0:19:40.280 --> 0:19:44.200
<v Speaker 5>figure that out. Those families say, I know, they're working

0:19:44.280 --> 0:19:46.919
<v Speaker 5>on it. It's a very sad thing, especially when you

0:19:47.000 --> 0:19:50.840
<v Speaker 5>know somebody so well could be going through that when

0:19:50.920 --> 0:19:55.120
<v Speaker 5>it's accusations, and I'm gonna let them figure that out.

0:19:55.400 --> 0:19:58.359
<v Speaker 1>On Tuesday, it was announced the House Ethics Committee would

0:19:58.359 --> 0:20:03.400
<v Speaker 1>open investigation after Mill himself requested a probe into the allegations.

0:20:04.520 --> 0:20:07.040
<v Speaker 1>Let's go to an ad break and then return to

0:20:07.119 --> 0:20:10.520
<v Speaker 1>talk about the primary elections in Michigan and Missouri.

0:20:11.160 --> 0:20:25.560
<v Speaker 9>Yeah, okay, we are back.

0:20:27.320 --> 0:20:31.119
<v Speaker 1>This past Tuesday, left wing populist candidate Abdul al Said

0:20:31.600 --> 0:20:36.000
<v Speaker 1>beat corporate backed and APAC backed candidate Hailey Stevens in

0:20:36.080 --> 0:20:40.600
<v Speaker 1>the Democratic Senate primary in Michigan. In the week prior

0:20:40.800 --> 0:20:44.240
<v Speaker 1>to the election, pulling and showed el Said pulling way

0:20:44.280 --> 0:20:47.320
<v Speaker 1>ahead by double digits, but from election night he won

0:20:47.400 --> 0:20:50.840
<v Speaker 1>by just one point forty eight point five percent to

0:20:50.840 --> 0:20:55.000
<v Speaker 1>Stephen's forty seven point five percent. Very close race.

0:20:55.560 --> 0:20:55.879
<v Speaker 4>Great.

0:20:56.520 --> 0:21:01.240
<v Speaker 1>The more traditional progressive candidate Mallorie mcmah borrow, who suspended

0:21:01.280 --> 0:21:04.400
<v Speaker 1>her campaign months ago, got four percent of the vote

0:21:04.480 --> 0:21:08.200
<v Speaker 1>over sixty thousand votes. El Sayid ended up winning by

0:21:08.640 --> 0:21:12.520
<v Speaker 1>just fifteen thousand votes. But the fact that Tuesday wasn't

0:21:12.560 --> 0:21:15.800
<v Speaker 1>a total blowout for El Sayid should not take away

0:21:15.840 --> 0:21:19.560
<v Speaker 1>from the magnitude of this victory. Hailey Stevens had nearly

0:21:19.600 --> 0:21:23.760
<v Speaker 1>seventy million dollars outside spending helping her in this race,

0:21:24.200 --> 0:21:27.320
<v Speaker 1>about half of which came from APAC. El Sayid was

0:21:27.359 --> 0:21:32.080
<v Speaker 1>outspent eleven to one. For the past month, pro Stevens'

0:21:32.160 --> 0:21:34.160
<v Speaker 1>ads have completely dominated the airwaves.

0:21:34.480 --> 0:21:36.439
<v Speaker 4>Jesus I didn't know it was that big a discrepancy

0:21:36.440 --> 0:21:38.160
<v Speaker 4>in funding. That's crazy.

0:21:38.520 --> 0:21:42.640
<v Speaker 1>It's a brutal This is the most expensive Democratic Senate

0:21:42.680 --> 0:21:46.000
<v Speaker 1>primary and history. A pack and dark money really rallied

0:21:46.040 --> 0:21:49.000
<v Speaker 1>for Stevens, especially in this past month.

0:21:49.080 --> 0:21:49.560
<v Speaker 4>Whoops.

0:21:50.359 --> 0:21:54.360
<v Speaker 1>Some of those ads and mailers just completely blanketing Michigan

0:21:54.920 --> 0:21:58.320
<v Speaker 1>falsely implied that Stevens was endorsed by Barack Obama, which

0:21:58.440 --> 0:22:02.880
<v Speaker 1>some voters cited as their reason for supporting Stevens. Other

0:22:02.880 --> 0:22:06.600
<v Speaker 1>ads tried to smear Abdul as a sexist podcast bro

0:22:06.960 --> 0:22:10.800
<v Speaker 1>for comments critical of Michelle Obama and Gretchen Witmer's politics.

0:22:11.400 --> 0:22:15.440
<v Speaker 1>Stevens received the endorsement of Michigan's sitting governor, Gretchen Whitmer,

0:22:15.840 --> 0:22:20.080
<v Speaker 1>as well as multiple Democratic establishment figures Pelosi, Jim Cliburn,

0:22:20.280 --> 0:22:24.040
<v Speaker 1>as well as the Michigan Democratic Party, Black and Jewish caucuses.

0:22:24.560 --> 0:22:27.920
<v Speaker 1>Israel and Palestine became a central issue in this race.

0:22:28.520 --> 0:22:31.359
<v Speaker 1>In the last two debates, Abdul hit Stevens again and

0:22:31.440 --> 0:22:34.960
<v Speaker 1>again over APAC and corporate funding. In the final debate,

0:22:35.040 --> 0:22:38.719
<v Speaker 1>even the moderator questioned Stevens on whether her APAC funding

0:22:38.760 --> 0:22:42.000
<v Speaker 1>would influence how she votes in Congress. Also in that

0:22:42.080 --> 0:22:45.239
<v Speaker 1>last debate, Stevens lied on stage about taking money from

0:22:45.400 --> 0:22:49.119
<v Speaker 1>utility companies. In an interview just a week before the election,

0:22:49.800 --> 0:22:54.720
<v Speaker 1>Stevens addressed the attacks over dark money funding. Quote, it

0:22:54.760 --> 0:22:58.760
<v Speaker 1>seems like we got the campaign finance zoomis Jesus Christ.

0:22:59.600 --> 0:23:02.640
<v Speaker 1>We've got to be really honest here. Who's benefiting from

0:23:02.640 --> 0:23:06.240
<v Speaker 1>this level of infighting. It's the Republicans who've already have

0:23:06.520 --> 0:23:09.960
<v Speaker 1>all their dark money all lined up and ready to go. Unquote.

0:23:10.160 --> 0:23:12.480
<v Speaker 1>Let's take a listen to what those campaign of finance

0:23:12.560 --> 0:23:16.560
<v Speaker 1>zuomies can buy you in the Senate.

0:23:17.000 --> 0:23:20.639
<v Speaker 8>Israel comes to me in my dreams. I see Israel's

0:23:20.680 --> 0:23:23.160
<v Speaker 8>future and I know that Israel.

0:23:22.880 --> 0:23:26.720
<v Speaker 1>Will continue to exist for the Jewish people. Just the Zuomies.

0:23:26.920 --> 0:23:32.479
<v Speaker 4>It's fine everyone, it's the Zuomies God, and she's Christ.

0:23:33.920 --> 0:23:36.080
<v Speaker 1>I will not stop playing that clip because it's one

0:23:36.119 --> 0:23:38.800
<v Speaker 1>of the craziest things to have. A then sit in

0:23:38.800 --> 0:23:44.480
<v Speaker 1>congress person say yeah now, Hailey. Stevens tried to attack

0:23:44.520 --> 0:23:47.639
<v Speaker 1>Abduel for having a super pack off his own, primarily

0:23:47.640 --> 0:23:51.040
<v Speaker 1>funded by his father in law, who did donate three

0:23:51.080 --> 0:23:53.520
<v Speaker 1>hundred thousand dollars to the pack, which was the highest

0:23:53.560 --> 0:23:57.119
<v Speaker 1>individual contribution. You know, three hundred thousand dollars from his

0:23:57.240 --> 0:24:01.119
<v Speaker 1>father in law versus seventy million dollars set outside sped

0:24:01.160 --> 0:24:04.920
<v Speaker 1>Dick is christ not a very compelling argument, but that

0:24:05.880 --> 0:24:07.800
<v Speaker 1>was one of the main things that Stevens tried to

0:24:07.840 --> 0:24:10.439
<v Speaker 1>hit abduel on during the last two debates when he

0:24:10.520 --> 0:24:13.280
<v Speaker 1>brought up the massive amount of eight pack spending backing

0:24:13.280 --> 0:24:16.280
<v Speaker 1>her campaign. Abdul has worked in public health since twenty fifteen,

0:24:16.680 --> 0:24:18.879
<v Speaker 1>and for Senate he ran on Medicare for All and

0:24:18.920 --> 0:24:22.320
<v Speaker 1>abolishing medical debt, which he did for three hundred thousand

0:24:22.359 --> 0:24:25.560
<v Speaker 1>residents of Wayne County in twenty twenty four as director

0:24:25.640 --> 0:24:28.960
<v Speaker 1>of the county Health Department. His platform also includes repealing

0:24:29.000 --> 0:24:34.400
<v Speaker 1>Medicaid cuts from Trump's quote unquote beautiful bill, codifying reproductive rights,

0:24:34.440 --> 0:24:37.480
<v Speaker 1>and protecting gender affirming care. His quote unquote money out

0:24:37.520 --> 0:24:40.919
<v Speaker 1>of Politics plank includes getting rid of citizens United to

0:24:40.960 --> 0:24:45.520
<v Speaker 1>stop dark money packs, ending partisan gerrymandering, supporting Supreme Court reform,

0:24:45.560 --> 0:24:48.760
<v Speaker 1>getting rid of the filibuster, abolishing ice, and at quote

0:24:48.960 --> 0:24:51.760
<v Speaker 1>ice funds should be repurposed to build out the legal

0:24:51.760 --> 0:24:55.480
<v Speaker 1>infrastructure of courts to create a clear pathway to citizenship

0:24:55.520 --> 0:24:58.200
<v Speaker 1>for those who are stuck in limbo in our current system.

0:24:59.280 --> 0:25:03.960
<v Speaker 1>Abdul supports Ukraine and opposes quote the illegal and unjustifiable

0:25:04.000 --> 0:25:08.120
<v Speaker 1>war in Iran. He also opposes quote direct blank check

0:25:08.200 --> 0:25:12.959
<v Speaker 1>funding to foreign militaries including Egypt, Israel, Saudi Arabia, the UAE,

0:25:13.160 --> 0:25:17.560
<v Speaker 1>and others. And he supports an immediate arms embargo on

0:25:17.760 --> 0:25:22.119
<v Speaker 1>Israel and rejects quote the false differentiation between offensive and

0:25:22.359 --> 0:25:26.440
<v Speaker 1>defensive weapons, which is a reference to the Iron Dome.

0:25:27.200 --> 0:25:31.200
<v Speaker 1>His Money in Your Pocket platform includes an anti monopoly

0:25:31.320 --> 0:25:36.120
<v Speaker 1>FTC trade agreements negotiated with unions, restoring funding to the NIH,

0:25:36.240 --> 0:25:40.960
<v Speaker 1>opposing private school vouchers, tying increases in the defense budget

0:25:41.240 --> 0:25:44.960
<v Speaker 1>to an equal increase in education funding. Taxing capital gains

0:25:45.000 --> 0:25:47.520
<v Speaker 1>over a million dollars at the same rate as ordinary income,

0:25:47.920 --> 0:25:50.399
<v Speaker 1>closing loopholes used by the ultra wealthy, raising the marginal

0:25:50.480 --> 0:25:54.040
<v Speaker 1>tax rate on earnings over one million, and a billionaire tax.

0:25:54.520 --> 0:25:57.800
<v Speaker 1>He also supports a cost of living exemption on federal

0:25:57.840 --> 0:26:01.359
<v Speaker 1>taxes up to fifty thousand dollars and closing these social

0:26:01.359 --> 0:26:05.600
<v Speaker 1>security payroll tax cap for housing. His platform aims to

0:26:05.920 --> 0:26:09.119
<v Speaker 1>streamline local regulations to make it easier to build, while

0:26:09.400 --> 0:26:12.960
<v Speaker 1>banning large corporations that speculate on housing stock from owning

0:26:13.000 --> 0:26:18.119
<v Speaker 1>homes and supporting legislation to ban algorithmic rental price fixing software.

0:26:18.760 --> 0:26:23.080
<v Speaker 1>Al Said supports regulating AI companies, creating an independent technical

0:26:23.080 --> 0:26:27.000
<v Speaker 1>agency with real enforcement power for AI, which he cites

0:26:27.040 --> 0:26:29.639
<v Speaker 1>the FDA as an example, but having basically an FDA

0:26:29.720 --> 0:26:34.639
<v Speaker 1>type organization to regulate and handle AI. He also is

0:26:34.680 --> 0:26:37.760
<v Speaker 1>in support of federal zoning guidelines and legislation to protect

0:26:37.760 --> 0:26:41.439
<v Speaker 1>communities from the consequences of data centers. In a primary debate,

0:26:41.720 --> 0:26:44.520
<v Speaker 1>el Said said that data center projects must meet the

0:26:44.640 --> 0:26:49.679
<v Speaker 1>following terms quote all union labor, no raising our utility rates,

0:26:49.920 --> 0:26:53.960
<v Speaker 1>increasing our utility reliability, not touching our water. And there's

0:26:54.000 --> 0:26:56.800
<v Speaker 1>got to be a community benefits agreement that's negotiated in

0:26:56.880 --> 0:26:59.800
<v Speaker 1>good faith with all the money put into escrow on

0:27:00.119 --> 0:27:03.679
<v Speaker 1>quote el Say. It is not a DSA candidate. He

0:27:03.680 --> 0:27:06.440
<v Speaker 1>does not call himself a socialist, but he was endorsed

0:27:06.440 --> 0:27:10.320
<v Speaker 1>by Bernie Sanders, AOC and campaign with Hassan Piker. He's

0:27:10.359 --> 0:27:13.760
<v Speaker 1>also been backed by the UAW, National Nurses United, the

0:27:13.800 --> 0:27:17.640
<v Speaker 1>Working Families Party, Jewish Voice for Peace, and If Not Now.

0:27:18.560 --> 0:27:22.879
<v Speaker 1>A few days before the primary, but after polling, indicated

0:27:22.920 --> 0:27:26.959
<v Speaker 1>that Abdul would likely be the nominee. Incumbent Republican Senator

0:27:27.119 --> 0:27:32.080
<v Speaker 1>Mike Rodgers released an AI generated ad depicting Abduel as

0:27:32.119 --> 0:27:35.359
<v Speaker 1>a communist trojan horse. Let's take a listen.

0:27:36.440 --> 0:27:37.720
<v Speaker 6>They'll never see us coming.

0:27:39.960 --> 0:27:45.919
<v Speaker 1>They really think we're just democrats. God Jesus Christ.

0:27:46.480 --> 0:27:50.600
<v Speaker 4>Every AI ad I hear Jeff Goldblum's fucking voice say,

0:27:50.840 --> 0:27:53.200
<v Speaker 4>you were so obsessed with whether or not you could

0:27:53.280 --> 0:27:55.639
<v Speaker 4>you didn't stop to think, you know, should we? Is

0:27:55.680 --> 0:27:57.800
<v Speaker 4>this a good idea? Is this ad going to work?

0:27:58.800 --> 0:28:02.840
<v Speaker 1>So basically, this ad has a trojan horse rolling into

0:28:02.840 --> 0:28:07.480
<v Speaker 1>Michigan with a large banner reading definitely not Communism. Inside

0:28:07.520 --> 0:28:11.600
<v Speaker 1>the horse, Abdul is dressed as Odysseus from the Nolan movie,

0:28:12.080 --> 0:28:14.800
<v Speaker 1>along with Bernie Sanders, AOC and so on Mom Donnie.

0:28:15.400 --> 0:28:19.160
<v Speaker 1>Text at the end reads don't let Communism into Michigan.

0:28:19.560 --> 0:28:22.919
<v Speaker 1>Mike Rogers for US said it, I think Mike Rogers

0:28:22.920 --> 0:28:26.480
<v Speaker 1>should keep releasing ads just like this, nothing else. I

0:28:26.600 --> 0:28:29.360
<v Speaker 1>wanted him just to keep releasing these ads. I think

0:28:29.400 --> 0:28:30.359
<v Speaker 1>that'll be great.

0:28:31.040 --> 0:28:31.720
<v Speaker 6>Yeah.

0:28:32.000 --> 0:28:36.480
<v Speaker 1>Rogers did release the statement after Abdul's victory quote. I

0:28:36.600 --> 0:28:41.120
<v Speaker 1>spent years hunting terrorists and bringing Osama bid Laden to Justice.

0:28:41.560 --> 0:28:43.440
<v Speaker 1>Never in a million years did I think that I

0:28:43.440 --> 0:28:47.040
<v Speaker 1>would be running against someone who believes America deserved nine

0:28:47.080 --> 0:28:50.760
<v Speaker 1>to eleven unquote. Abdul has never said that, obviously.

0:28:50.960 --> 0:28:53.479
<v Speaker 8>And I also think that this is an example of

0:28:53.640 --> 0:28:57.440
<v Speaker 8>just the sheer level of racism that has defined this campaign.

0:28:57.560 --> 0:29:00.600
<v Speaker 8>And we also saw versions of this with Mom, Like

0:29:00.800 --> 0:29:05.160
<v Speaker 8>just the unhinged amount of Islamophobia that has been leveled

0:29:05.160 --> 0:29:09.640
<v Speaker 8>against a He just really really disturbing. And it's gonna

0:29:09.640 --> 0:29:12.440
<v Speaker 8>get worse. Yeah, it's gonna get so much worse. Yeah,

0:29:12.600 --> 0:29:14.600
<v Speaker 8>but it's but it's also like this is an example

0:29:14.600 --> 0:29:16.720
<v Speaker 8>of his homophobia from the Republicans, for the Democrats have

0:29:16.760 --> 0:29:19.840
<v Speaker 8>been doing it too, and it's extremely bleak the extent

0:29:19.880 --> 0:29:22.000
<v Speaker 8>to which this is just a thing you can do

0:29:22.080 --> 0:29:23.360
<v Speaker 8>running a political campaign.

0:29:23.640 --> 0:29:27.760
<v Speaker 4>Yeah, it's interesting because it isn't entirely, at least lately

0:29:28.000 --> 0:29:31.080
<v Speaker 4>to their benefit either, like it it recently really screwed

0:29:31.120 --> 0:29:34.640
<v Speaker 4>them over. In another Michigan race, right like Michigan's eighth district,

0:29:34.800 --> 0:29:38.000
<v Speaker 4>the Republican primary between Thomas J. Smith, Amir Hassan, and

0:29:38.120 --> 0:29:42.520
<v Speaker 4>al Limo. Thomas Smith took ahead even though he had

0:29:43.000 --> 0:29:45.920
<v Speaker 4>like suspended his campaign this campaign, like more than a

0:29:45.920 --> 0:29:49.160
<v Speaker 4>month ago, Amir Hassan had been endorsed by Trump and

0:29:49.240 --> 0:29:51.200
<v Speaker 4>is not a Muslim, but has a name that kind

0:29:51.200 --> 0:29:53.480
<v Speaker 4>of sounds like he would be like two a racist

0:29:54.240 --> 0:29:57.760
<v Speaker 4>and so like it beast. That's the suspicion as to

0:29:57.800 --> 0:30:00.240
<v Speaker 4>why Hassan did not do better against someone who was

0:30:00.280 --> 0:30:01.400
<v Speaker 4>not actively running.

0:30:01.720 --> 0:30:03.200
<v Speaker 1>Yeah, was not campaign.

0:30:03.760 --> 0:30:06.640
<v Speaker 4>A lot of anger on truth social by MAGA people

0:30:06.680 --> 0:30:08.560
<v Speaker 4>who thought that Trump had endorsed a Muslim.

0:30:08.760 --> 0:30:08.960
<v Speaker 6>Yeah.

0:30:09.440 --> 0:30:12.040
<v Speaker 4>Yeah, it's just I mean, like, the level of bigotry

0:30:12.160 --> 0:30:16.200
<v Speaker 4>is off the chart. It's interesting that it doesn't seem

0:30:16.240 --> 0:30:18.280
<v Speaker 4>to or, at least in this case, it torpeded a

0:30:18.280 --> 0:30:20.640
<v Speaker 4>Republican but not a Democrat, which I do think is

0:30:20.720 --> 0:30:22.880
<v Speaker 4>kind of fun. But yeah, the overall trend is very

0:30:22.920 --> 0:30:23.520
<v Speaker 4>much not fun.

0:30:24.120 --> 0:30:28.400
<v Speaker 1>On a similar sort of note, last week, the Michigan

0:30:28.600 --> 0:30:34.480
<v Speaker 1>State AGDNA Nessl announced at an ADL quote unquote anti

0:30:34.520 --> 0:30:38.880
<v Speaker 1>Semitism roundtable that she would not be attending the Michigan

0:30:39.040 --> 0:30:43.920
<v Speaker 1>nominating convention for their Democratic nominee over fears of being

0:30:43.960 --> 0:30:47.680
<v Speaker 1>booed for working with Trump and cash Hotel's FBI to

0:30:47.760 --> 0:30:51.200
<v Speaker 1>indict the pro Palestine student protesters in June.

0:30:51.800 --> 0:30:52.520
<v Speaker 5>I'm not going to be.

0:30:52.440 --> 0:30:57.040
<v Speaker 4>Attending the nominating invention for the Michigan Different Critical Party

0:30:58.120 --> 0:31:02.600
<v Speaker 4>in August because it don't feel safe going. I feel like,

0:31:02.600 --> 0:31:05.280
<v Speaker 4>if my presence is not even involving, I.

0:31:05.200 --> 0:31:06.760
<v Speaker 2>Don't want to get it chased around.

0:31:06.800 --> 0:31:08.360
<v Speaker 8>I don't want to get a prograss, I don't want

0:31:08.400 --> 0:31:09.440
<v Speaker 8>to get development screedia.

0:31:10.160 --> 0:31:12.000
<v Speaker 1>I don't want to get food off the.

0:31:12.000 --> 0:31:16.800
<v Speaker 8>Stage, irrespective of what I'm saying. And I believe that

0:31:16.840 --> 0:31:20.640
<v Speaker 8>if I go, that is both it's been happening to me.

0:31:22.080 --> 0:31:25.560
<v Speaker 1>Dead fucked fucking yea, which good like you are?

0:31:25.720 --> 0:31:30.479
<v Speaker 8>You are by definition a collaborator for having participated in this.

0:31:30.800 --> 0:31:34.920
<v Speaker 8>That is like the the absolute bare minimum of accountability

0:31:34.920 --> 0:31:36.920
<v Speaker 8>that you should be facing is that you should be

0:31:36.960 --> 0:31:38.320
<v Speaker 8>booed every single place you go to.

0:31:39.040 --> 0:31:42.720
<v Speaker 1>Her office has tried for years to go after propouse

0:31:42.800 --> 0:31:45.920
<v Speaker 1>My protesters and has been forced to drop charges because

0:31:45.960 --> 0:31:49.840
<v Speaker 1>her office was specifically discriminatory, and she only got her

0:31:49.880 --> 0:31:52.760
<v Speaker 1>way via teaming up with the Trump admin and Cash

0:31:52.760 --> 0:31:56.240
<v Speaker 1>Hotels FBI to go after student protesters. This is something

0:31:56.280 --> 0:31:58.880
<v Speaker 1>she's been trying to do for literal years and has

0:31:58.880 --> 0:32:02.640
<v Speaker 1>been unable to because her office is too racist.

0:32:03.000 --> 0:32:06.600
<v Speaker 8>Yeah, and again also like student protesters were horribly brutalized

0:32:07.240 --> 0:32:09.800
<v Speaker 8>by the police repeatedly, as I think most people who

0:32:10.000 --> 0:32:12.200
<v Speaker 8>listen to this remember to some extents.

0:32:12.280 --> 0:32:18.120
<v Speaker 1>But yeah, Also in Michigan, DSA endorsed Rashida telib handily

0:32:18.280 --> 0:32:22.360
<v Speaker 1>won her reelection in the District twelve primary with seventy

0:32:22.520 --> 0:32:25.960
<v Speaker 1>four percent of the vote. Also in Michigan, left wing

0:32:26.000 --> 0:32:29.600
<v Speaker 1>populist and co founder of the Sunrise Movement, William Lawrence

0:32:29.880 --> 0:32:33.440
<v Speaker 1>won the Democratic primary for House District seven with about

0:32:33.440 --> 0:32:37.920
<v Speaker 1>fifty six thousand votes. Two more kind of moderate candidates

0:32:38.000 --> 0:32:41.960
<v Speaker 1>each got thirty five thousand votes, so there is a

0:32:42.000 --> 0:32:46.800
<v Speaker 1>sort of moderate split here. Lawrence will now be facing

0:32:46.920 --> 0:32:51.720
<v Speaker 1>the Republican incumbent Tom Barrett, who won by just four

0:32:51.760 --> 0:32:55.200
<v Speaker 1>points in twenty twenty four. There's two hundred and twenty

0:32:55.240 --> 0:32:57.800
<v Speaker 1>six thousand votes to two hundred and nine thousand votes,

0:32:57.840 --> 0:33:00.400
<v Speaker 1>so this could end up being a close race. Really

0:33:00.400 --> 0:33:01.520
<v Speaker 1>depends on voter turnout.

0:33:01.720 --> 0:33:01.920
<v Speaker 8>Yeah.

0:33:02.200 --> 0:33:04.840
<v Speaker 1>Now, Lawrence is a member of DSA but is not

0:33:04.960 --> 0:33:08.600
<v Speaker 1>DSA endorsed, though he does have the endorsement of Sanders

0:33:08.760 --> 0:33:12.920
<v Speaker 1>l said Rashida Talib, Rocanna, the Nurses Union, Working Families Party,

0:33:12.960 --> 0:33:17.240
<v Speaker 1>and track a PAK. Quick update here, Lawrence went on

0:33:17.480 --> 0:33:20.280
<v Speaker 1>CNN a Wednesday night to clarify that while he used

0:33:20.280 --> 0:33:23.360
<v Speaker 1>to be a member of DSA, he let his membership

0:33:23.520 --> 0:33:28.280
<v Speaker 1>lapse last month. In the weeks before the election, Lawrence

0:33:28.360 --> 0:33:31.160
<v Speaker 1>was attacked by the Democratic Establishment and the Congressional Black

0:33:31.200 --> 0:33:35.120
<v Speaker 1>Caucus for being quote unquote racist because of a quote

0:33:35.160 --> 0:33:38.360
<v Speaker 1>from a podcast conversation on black liberation and black anti

0:33:38.400 --> 0:33:42.480
<v Speaker 1>war activism with an activist named Hui Peterson Smith. I'll

0:33:42.520 --> 0:33:45.880
<v Speaker 1>read the full quote here that was clipped and spread

0:33:45.920 --> 0:33:49.720
<v Speaker 1>around mainly by huff Post. Quote. The extent to which

0:33:49.800 --> 0:33:53.120
<v Speaker 1>the older generation of black political leadership are such a pillar,

0:33:53.160 --> 0:33:57.520
<v Speaker 1>frankly for establishment, capitalist, imperialist American power through their role

0:33:57.520 --> 0:34:00.600
<v Speaker 1>as this kind of traditionalist establishment is pillar of the

0:34:00.640 --> 0:34:04.000
<v Speaker 1>Democratic Party, It's a big problem. It's a big problem

0:34:04.000 --> 0:34:06.800
<v Speaker 1>for left politics in this country, and it gets us

0:34:06.840 --> 0:34:10.600
<v Speaker 1>every single time. It really defangs the white left and

0:34:10.640 --> 0:34:15.600
<v Speaker 1>puts us in impossible positions. Really, quote Willly Lawrence told

0:34:15.880 --> 0:34:20.160
<v Speaker 1>huff Post quote, I've tremendous respect for black community leaders

0:34:20.200 --> 0:34:22.640
<v Speaker 1>who have been at the forefront of the fight for

0:34:22.719 --> 0:34:26.080
<v Speaker 1>freedom for centuries. This was in the context of a

0:34:26.120 --> 0:34:28.919
<v Speaker 1>wide ranging conversation with a guest on the show about

0:34:29.000 --> 0:34:33.320
<v Speaker 1>racial dynamics in progressive politics. I regret how this specific

0:34:33.440 --> 0:34:37.600
<v Speaker 1>point was expressed unquote, and yes, absolutely there is no

0:34:37.680 --> 0:34:40.880
<v Speaker 1>reason to say the white left there specifically, this harms

0:34:40.880 --> 0:34:43.360
<v Speaker 1>the entire left. There's really no reason to say that

0:34:43.400 --> 0:34:45.840
<v Speaker 1>this is part of a larger conversation in this podcast

0:34:45.840 --> 0:34:48.800
<v Speaker 1>he was having about racial dynamics in like left wing spaces.

0:34:49.120 --> 0:34:51.560
<v Speaker 1>But I think that is a bad thing to say.

0:34:52.360 --> 0:34:55.840
<v Speaker 1>Lawrence added to his statement online, quote The way I

0:34:55.880 --> 0:34:58.520
<v Speaker 1>made this point was clumsy, and I regret my choice

0:34:58.560 --> 0:35:02.160
<v Speaker 1>of words. I understand that potential impact when received out

0:35:02.160 --> 0:35:04.799
<v Speaker 1>of context. The way the stories being reported does not

0:35:04.840 --> 0:35:08.840
<v Speaker 1>reflect my beliefs. National elected leaders across race, ethnicity, age,

0:35:08.880 --> 0:35:12.640
<v Speaker 1>and gender had been supporters of unnecessary US wars. This

0:35:12.760 --> 0:35:16.000
<v Speaker 1>poses a challenge to the anti war movement. Americans of

0:35:16.040 --> 0:35:18.560
<v Speaker 1>all races and ages must work together to advance peace.

0:35:18.880 --> 0:35:21.879
<v Speaker 1>Until we do, our resources will go to funding war

0:35:21.920 --> 0:35:24.759
<v Speaker 1>and genocide abroad, rather than investing in infordable housing and

0:35:24.840 --> 0:35:30.920
<v Speaker 1>healthcare or closing the racial wealth gap. DSA candidate Donovan McKinney,

0:35:31.080 --> 0:35:36.480
<v Speaker 1>beat Democratic incumbent Shri Tanadar by almost four percent about

0:35:36.480 --> 0:35:40.880
<v Speaker 1>four thousand votes in House District thirteen, another close race.

0:35:41.520 --> 0:35:44.319
<v Speaker 1>It was looking like Shri might pull ahead earlier in

0:35:44.360 --> 0:35:48.480
<v Speaker 1>the night, but Donovan did end up winning and will

0:35:48.520 --> 0:35:52.960
<v Speaker 1>now likely become another DSA congressman. Tanadar was backed by

0:35:53.000 --> 0:35:57.520
<v Speaker 1>Apak Hakeem Jeffries, the Congressional Progressive Caucus, and the center

0:35:57.600 --> 0:36:02.160
<v Speaker 1>left New Democrat Coalition. But it's not all wins in Michigan.

0:36:02.600 --> 0:36:06.919
<v Speaker 1>Kyle Blomquist, another DSA candidate for Congress in Michigan House

0:36:06.920 --> 0:36:11.239
<v Speaker 1>District one, lost to Moderate Haley Barr, who will now

0:36:11.280 --> 0:36:16.680
<v Speaker 1>face the Republican incumbent in the general. And DSA endorsed

0:36:16.760 --> 0:36:22.200
<v Speaker 1>Asha Ferruki lost to pro Israel Democrat Jeffrey Moss for

0:36:22.520 --> 0:36:26.439
<v Speaker 1>Hailey Stevens House seat. So those are the two main

0:36:26.480 --> 0:36:31.000
<v Speaker 1>losses for DSA last Tuesday, both US House seats in Michigan,

0:36:31.719 --> 0:36:34.360
<v Speaker 1>though I think it is interesting to note that Detroit

0:36:34.440 --> 0:36:37.239
<v Speaker 1>is now the only major city in the country to

0:36:37.360 --> 0:36:41.600
<v Speaker 1>be fully represented in the US House by DSA candidates,

0:36:42.440 --> 0:36:45.920
<v Speaker 1>and two DSA candidates for the Michigan State House also

0:36:46.080 --> 0:36:51.160
<v Speaker 1>won their primaries. In Missouri, Corey Bush lost her comeback

0:36:51.200 --> 0:36:54.840
<v Speaker 1>bid to incumbent Wesley Bell, who was backed by a

0:36:55.000 --> 0:37:00.200
<v Speaker 1>pack and was also really really outspent, and the kansasy

0:37:00.239 --> 0:37:05.840
<v Speaker 1>DSA endorsed candidate, Harzel Gray lost his primary for House

0:37:05.920 --> 0:37:10.120
<v Speaker 1>District four by just under two thousand votes. Very close race,

0:37:11.040 --> 0:37:15.360
<v Speaker 1>so lots of wins, some losses, but even just l

0:37:15.440 --> 0:37:18.560
<v Speaker 1>said winning is probably the biggest blow to a pack

0:37:18.640 --> 0:37:20.880
<v Speaker 1>that we've seen yet. Like like I said, this is

0:37:20.880 --> 0:37:23.680
<v Speaker 1>the most expensive Democratic Senate primary in history. In a

0:37:23.719 --> 0:37:27.760
<v Speaker 1>state with open primaries, where tens of millions of dollars

0:37:27.800 --> 0:37:30.719
<v Speaker 1>in ad spending can go really far in rural areas

0:37:30.760 --> 0:37:34.240
<v Speaker 1>and with older, low info voters, a left wing Muslim

0:37:34.280 --> 0:37:38.000
<v Speaker 1>candidate overcoming both a PAC and the Democratic establishment in

0:37:38.080 --> 0:37:42.239
<v Speaker 1>a swing state is a massive victory. I have one

0:37:42.640 --> 0:37:48.000
<v Speaker 1>final little election update for the gobnatorial race in Ohio.

0:37:48.239 --> 0:37:52.760
<v Speaker 1>Oh God, because in late July, Republican nominee for governor,

0:37:53.280 --> 0:37:57.759
<v Speaker 1>the Veck Ramaswami, spoke or tried to speak at the

0:37:57.800 --> 0:38:02.399
<v Speaker 1>Young Americans for Liberty National Convention, an annual Ron Paul

0:38:02.680 --> 0:38:07.520
<v Speaker 1>esque convention for young libertarian conservatives at Xavier University in Cincinnati, Ohio.

0:38:08.000 --> 0:38:12.200
<v Speaker 1>Ramaswami's speaking block was for thirty minutes. He lasted fourteen

0:38:12.560 --> 0:38:15.879
<v Speaker 1>before being booed off stage. Let's take a lesson.

0:38:15.800 --> 0:38:16.759
<v Speaker 2>Truth of the matter is.

0:38:17.120 --> 0:38:19.759
<v Speaker 4>You know, no matter what happens in whichever direction goes.

0:38:19.680 --> 0:38:21.160
<v Speaker 7>People by generation of party made it.

0:38:21.200 --> 0:38:21.879
<v Speaker 4>We're gonna be fun.

0:38:22.640 --> 0:38:25.239
<v Speaker 9>It's gonna be your generation.

0:38:28.719 --> 0:38:32.520
<v Speaker 8>You're a political greed and you need to do everywhere

0:38:36.600 --> 0:38:37.920
<v Speaker 8>seems like it's going great.

0:38:38.880 --> 0:38:41.560
<v Speaker 1>So there are two cuts in that clip, but all

0:38:41.560 --> 0:38:43.680
<v Speaker 1>that audio is from the last like two minutes of

0:38:43.760 --> 0:38:47.279
<v Speaker 1>his speech. Ramaswami was also booed as he first went

0:38:47.440 --> 0:38:48.240
<v Speaker 1>onto stage.

0:38:48.400 --> 0:38:50.160
<v Speaker 4>Great sign, Great Sign.

0:38:50.440 --> 0:38:53.480
<v Speaker 1>And throughout the fourteen minutes he was heckled over Israel,

0:38:53.840 --> 0:38:57.279
<v Speaker 1>H one, B, visas, data centers, energy prices, and his

0:38:57.440 --> 0:39:00.960
<v Speaker 1>comments about how the socialist government sees your home as

0:39:01.000 --> 0:39:03.880
<v Speaker 1>a wealth asset, to which people in the crowd responded,

0:39:04.200 --> 0:39:06.160
<v Speaker 1>we can't afford a home. Great.

0:39:08.400 --> 0:39:11.480
<v Speaker 4>Also, isn't the whole premise of our economy that your

0:39:11.520 --> 0:39:12.880
<v Speaker 4>home is like a wealth asset?

0:39:13.040 --> 0:39:13.279
<v Speaker 2>Right?

0:39:13.320 --> 0:39:15.040
<v Speaker 1>Like? Yeah, no, that's socialism, Robert.

0:39:15.080 --> 0:39:17.480
<v Speaker 4>Doesn't everyone owns a home seat their home that way.

0:39:17.640 --> 0:39:19.800
<v Speaker 4>Isn't that like the how all of the US economy

0:39:19.880 --> 0:39:20.520
<v Speaker 4>is predicated on.

0:39:20.760 --> 0:39:24.640
<v Speaker 8>I cannot emphasize this enough, literally, this distinction between between

0:39:24.680 --> 0:39:26.759
<v Speaker 8>your house as a wealth asset and your house and

0:39:26.880 --> 0:39:27.600
<v Speaker 8>you living in it.

0:39:27.719 --> 0:39:29.600
<v Speaker 1>This is chapter one of capital.

0:39:29.680 --> 0:39:31.200
<v Speaker 4>Yeah, that's a wild state.

0:39:32.520 --> 0:39:35.480
<v Speaker 1>Well exactly, that is communist, That is kind I think

0:39:35.480 --> 0:39:40.759
<v Speaker 1>I think that that is exactly Ramaswami's point. Throughout this

0:39:40.880 --> 0:39:43.960
<v Speaker 1>fourteen minute speech. He tried to say that, like, the

0:39:44.040 --> 0:39:47.880
<v Speaker 1>true divide in this country isn't isn't Democrats as Republicans,

0:39:48.400 --> 0:39:51.880
<v Speaker 1>but winners versus whiners. So why would you be a

0:39:51.920 --> 0:39:54.360
<v Speaker 1>whiner and complain about all these things when you could

0:39:54.440 --> 0:39:58.680
<v Speaker 1>just win? And this actually mirrors one of Hailey Stephens

0:39:58.800 --> 0:40:01.880
<v Speaker 1>kind of late campaign TOAs to refer to people to

0:40:01.920 --> 0:40:05.839
<v Speaker 1>her left as being part of the quote unquote complaining class.

0:40:06.120 --> 0:40:08.520
<v Speaker 1>Any like DSA, any kind of socialist person is part

0:40:08.560 --> 0:40:11.840
<v Speaker 1>of the complaining class. Anyone talking about you know, Apac Israel,

0:40:12.160 --> 0:40:15.560
<v Speaker 1>They're just complaining. Did not work out for Stevens, as

0:40:15.880 --> 0:40:19.480
<v Speaker 1>we know, and this might not work out for Ramaswami either.

0:40:20.200 --> 0:40:24.480
<v Speaker 1>Last month, the Cook Political Report switched the Ohio Gobnatoil

0:40:24.600 --> 0:40:29.520
<v Speaker 1>race from Lean's Republican to toss up, and the latest

0:40:29.520 --> 0:40:32.480
<v Speaker 1>New York Times Siena pol from late July has the

0:40:32.560 --> 0:40:33.600
<v Speaker 1>race in a tie.

0:40:34.320 --> 0:40:36.240
<v Speaker 8>All I have to add is that it's funny.

0:40:36.480 --> 0:40:37.560
<v Speaker 1>Yeah, it is funny.

0:40:37.719 --> 0:40:41.120
<v Speaker 2>And I picture him walking around the RNC like once

0:40:41.160 --> 0:40:41.560
<v Speaker 2>a month.

0:40:42.200 --> 0:40:46.760
<v Speaker 1>He looked like a sad little guy, not that little.

0:40:46.800 --> 0:40:48.160
<v Speaker 1>His hair was very tall.

0:40:48.440 --> 0:40:49.720
<v Speaker 8>His hair was very tall.

0:40:50.239 --> 0:40:55.400
<v Speaker 1>His veneers, we were very right, were veneering in the

0:40:55.400 --> 0:40:57.840
<v Speaker 1>presidential race. You know, me and Robert were talking about

0:40:57.880 --> 0:40:59.600
<v Speaker 1>how much, you know, Ramasami was trying to go after

0:40:59.600 --> 0:41:04.640
<v Speaker 1>the sort of like Groyper type of young young conservative, right,

0:41:04.680 --> 0:41:06.680
<v Speaker 1>that that was kind of what his like affect. That's

0:41:06.680 --> 0:41:08.600
<v Speaker 1>a lot of stuff he was talking about, seemed seemed

0:41:08.600 --> 0:41:11.680
<v Speaker 1>to be rooted in and at this you know, young

0:41:11.719 --> 0:41:15.560
<v Speaker 1>Conservative convention, he was like loudly rejected. Right, this is

0:41:15.640 --> 0:41:17.560
<v Speaker 1>the type of person that he's like trying the most

0:41:17.640 --> 0:41:19.640
<v Speaker 1>to appeal to in some ways, or at least used to.

0:41:19.840 --> 0:41:21.799
<v Speaker 1>This was also the case when he when he was

0:41:21.800 --> 0:41:24.600
<v Speaker 1>doing campaign events with Charlie Kirk, one of which I

0:41:25.000 --> 0:41:28.600
<v Speaker 1>went to in Georgia before the presidential election. But he

0:41:28.640 --> 0:41:30.279
<v Speaker 1>was he was definitely trying to go after this sort

0:41:30.320 --> 0:41:33.560
<v Speaker 1>of like young male Republican and like get make sure

0:41:33.600 --> 0:41:35.680
<v Speaker 1>you mobilize them to the polls, like that could be

0:41:35.719 --> 0:41:37.760
<v Speaker 1>the thing that tips over the race, is like getting

0:41:37.760 --> 0:41:42.520
<v Speaker 1>like young Republican males, and at least for the governatorial race,

0:41:43.200 --> 0:41:45.759
<v Speaker 1>his strategy of like, you know, it's up to you

0:41:45.800 --> 0:41:48.280
<v Speaker 1>to fix everything. Actually, millennials are going to be fine.

0:41:48.719 --> 0:41:52.080
<v Speaker 1>Don't complain too much. Might not actually help mobilize young

0:41:52.160 --> 0:41:55.959
<v Speaker 1>voters in support of his campaign. So we will see

0:41:55.960 --> 0:41:59.959
<v Speaker 1>how that goes. Come come November. Let's pivot to add

0:42:00.760 --> 0:42:04.880
<v Speaker 1>and then return for some prediction market and tariff news,

0:42:05.440 --> 0:42:07.280
<v Speaker 1>two great tastes that go great together.

0:42:20.239 --> 0:42:23.839
<v Speaker 4>And we're back. So I wanted to talk a little

0:42:23.880 --> 0:42:26.880
<v Speaker 4>bit more about the munition's crisis. I've reported several times

0:42:26.920 --> 0:42:29.800
<v Speaker 4>on the growing munitions crisis that the US military faces,

0:42:30.239 --> 0:42:32.600
<v Speaker 4>not just but largely as a result of our war

0:42:32.640 --> 0:42:36.120
<v Speaker 4>of choice with AROD advanced munitions. Though like one hundred

0:42:36.120 --> 0:42:38.600
<v Speaker 4>and fifty five milimeters, artillery rounds have been stretched past

0:42:38.600 --> 0:42:41.760
<v Speaker 4>the point of sustainability for years now, since the expansion

0:42:41.800 --> 0:42:44.600
<v Speaker 4>of Russia's war with Ukraine, and so defense officials have

0:42:44.640 --> 0:42:47.320
<v Speaker 4>spent much of the last four years scrambling to increase

0:42:47.360 --> 0:42:49.480
<v Speaker 4>production of a number of different rounds. And there were

0:42:49.480 --> 0:42:52.400
<v Speaker 4>a bunch of articles in like the spring early summer

0:42:52.440 --> 0:42:54.839
<v Speaker 4>of twenty twenty five at the Trump industry crowed over

0:42:54.840 --> 0:42:57.520
<v Speaker 4>about how they'd finally met their goal of quadrupling production

0:42:57.560 --> 0:43:00.440
<v Speaker 4>of one hundred and fifty five millimeters rounds, and a

0:43:00.520 --> 0:43:02.759
<v Speaker 4>major part of this was the construction and opening in

0:43:02.800 --> 0:43:05.920
<v Speaker 4>midcoat twenty twenty five of a fully operated one hundred

0:43:05.920 --> 0:43:09.520
<v Speaker 4>and fifty five millimeters artillery shell factory in Mesquite, Texas.

0:43:09.719 --> 0:43:12.840
<v Speaker 4>The factory is named Union Technologies. So that's all what

0:43:12.920 --> 0:43:16.919
<v Speaker 4>the administration reported last year. Right. I want to quote

0:43:16.920 --> 0:43:19.319
<v Speaker 4>now from an article the Global Tactical Analysis Center put

0:43:19.320 --> 0:43:22.240
<v Speaker 4>out in February of twenty twenty six. The US military

0:43:22.280 --> 0:43:24.479
<v Speaker 4>is facing a significant crisis as production of one hundred

0:43:24.480 --> 0:43:27.000
<v Speaker 4>and fifty five millimeters artillery rounds at the Mesquite factory

0:43:27.000 --> 0:43:30.120
<v Speaker 4>has severely lagged. This shortfall raises alarms not only for

0:43:30.160 --> 0:43:33.399
<v Speaker 4>domestic military readiness, but also for ongoing foreign military sales

0:43:33.440 --> 0:43:36.480
<v Speaker 4>that depend on timely delivery of munitions. Army acquisitions are

0:43:36.560 --> 0:43:40.399
<v Speaker 4>Bryn Ingraham expressed explicit dissatisfaction with the facility's performance during

0:43:40.400 --> 0:43:44.080
<v Speaker 4>her recent congressional hearings, indicating that immediate investments are necessary

0:43:44.080 --> 0:43:47.000
<v Speaker 4>to correct course and avoid further delays. The logistical and

0:43:47.000 --> 0:43:50.400
<v Speaker 4>technical challenges at the Mesquite factory may involve outdated machinery

0:43:50.480 --> 0:43:53.600
<v Speaker 4>or insufficient workforce levels to meet production quotas. Current estimates

0:43:53.600 --> 0:43:57.560
<v Speaker 4>suggesting twenty five percent lag and output compared to contractual obligations,

0:43:57.640 --> 0:44:00.440
<v Speaker 4>and that sounds bad in and of it it self.

0:44:00.760 --> 0:44:03.520
<v Speaker 4>That's not accurate. The lag is a lot more than

0:44:03.520 --> 0:44:08.360
<v Speaker 4>twenty five percent. Oh boy, yeah, yeah. The DoD Office

0:44:08.400 --> 0:44:10.720
<v Speaker 4>of the Inspector General went out to look into what's

0:44:10.760 --> 0:44:13.640
<v Speaker 4>going on with this plant and why isn't shell production

0:44:13.800 --> 0:44:15.920
<v Speaker 4>up to where the administration said it would be. They

0:44:15.960 --> 0:44:18.560
<v Speaker 4>spent several months investigating and put together a report that

0:44:18.640 --> 0:44:21.399
<v Speaker 4>was published in mid July of twenty twenty six. Here's

0:44:21.400 --> 0:44:24.520
<v Speaker 4>a summary from TWZ dot com. Despite receiving close to

0:44:24.560 --> 0:44:27.000
<v Speaker 4>five hundred million dollars from the US Army funded through

0:44:27.000 --> 0:44:29.520
<v Speaker 4>supplemental spending bills from fiscal years twenty twenty two and

0:44:29.560 --> 0:44:32.800
<v Speaker 4>twenty twenty three, General Dynamics, Ordnance and Tactical Systems failed

0:44:32.800 --> 0:44:35.600
<v Speaker 4>to make a single subcomponent needed to produce the badly

0:44:35.600 --> 0:44:38.360
<v Speaker 4>needed shells as of last March. Without the thirty thousand

0:44:38.360 --> 0:44:41.600
<v Speaker 4>additional projectile metal parts anticipated from this skite facility, the

0:44:41.719 --> 0:44:44.000
<v Speaker 4>Army will be unable to reach its monthly capacity goal

0:44:44.000 --> 0:44:46.759
<v Speaker 4>of one hundreds hundred and fifty five millimeters artillery rounds.

0:44:46.800 --> 0:44:50.440
<v Speaker 4>The report concluded, as of March twenty twenty six, officials

0:44:50.440 --> 0:44:52.719
<v Speaker 4>have not developed a plan to produce the additional rounds

0:44:52.719 --> 0:44:54.760
<v Speaker 4>that are supposed to be produced at the Mesquite factory.

0:44:55.080 --> 0:44:56.959
<v Speaker 4>So this means that the US is produced and somewhere

0:44:57.000 --> 0:44:59.160
<v Speaker 4>between the third and a half of the goal the

0:44:59.160 --> 0:45:01.600
<v Speaker 4>Trump administration and claimed they'd already reached. That's a little

0:45:01.600 --> 0:45:03.759
<v Speaker 4>hard for me to tell. I've heard as low as

0:45:03.760 --> 0:45:06.000
<v Speaker 4>like thirty six thousand and as high as like seventy

0:45:06.080 --> 0:45:08.000
<v Speaker 4>thousand shells a month that we're making, both of which

0:45:08.040 --> 0:45:09.520
<v Speaker 4>are shorter than where we're supposed to be in For

0:45:09.560 --> 0:45:13.520
<v Speaker 4>an idea of how much of a problem this is, Ukraine,

0:45:13.560 --> 0:45:15.560
<v Speaker 4>when things are at a fever pitch, can fire up

0:45:15.560 --> 0:45:18.200
<v Speaker 4>to eight thousand shells per day, which means they're shooting

0:45:18.280 --> 0:45:20.360
<v Speaker 4>enough over there to account for a year of USHL

0:45:20.440 --> 0:45:23.440
<v Speaker 4>production in two weeks. And as a result of this discrepancy,

0:45:23.480 --> 0:45:25.360
<v Speaker 4>the US has seen at stockpile of one hundred and

0:45:25.360 --> 0:45:28.440
<v Speaker 4>fifty five millimeters shells reduced by three point six million

0:45:28.520 --> 0:45:31.759
<v Speaker 4>rounds over the last several years. Jesus so I was

0:45:31.800 --> 0:45:33.879
<v Speaker 4>curious as to what had gone so wrong that these

0:45:33.880 --> 0:45:37.320
<v Speaker 4>fuckers haven't been able to make a single solitary component

0:45:37.800 --> 0:45:41.360
<v Speaker 4>not fucking one. And it turns out this happened because

0:45:41.400 --> 0:45:44.480
<v Speaker 4>the whole plot to have this Mesquite factory, you know,

0:45:44.760 --> 0:45:47.759
<v Speaker 4>close the gap and production was based on a hope

0:45:47.760 --> 0:45:50.399
<v Speaker 4>and a prayer, specifically a hope that the very old

0:45:50.440 --> 0:45:53.400
<v Speaker 4>machines in the factory would be able to produce modern

0:45:53.520 --> 0:45:57.120
<v Speaker 4>quality weapons. The IG's report called this a high risk

0:45:57.239 --> 0:45:59.680
<v Speaker 4>production line, which is not the kind of production line

0:45:59.719 --> 0:46:02.920
<v Speaker 4>you want for artillery shells per an article and tasked purpose.

0:46:03.239 --> 0:46:05.480
<v Speaker 4>Rather than build new machines for the Mesquite plant, the

0:46:05.480 --> 0:46:08.520
<v Speaker 4>IG said, the Army allowed General Dynamics to convert machines

0:46:08.600 --> 0:46:10.600
<v Speaker 4>used for M one O seven shells an older one

0:46:10.680 --> 0:46:12.759
<v Speaker 4>hundred and fifty five millimeters round that the M seven

0:46:12.840 --> 0:46:15.279
<v Speaker 4>ninety five, which we use now replaced. The M seven

0:46:15.360 --> 0:46:17.800
<v Speaker 4>ninety five can fire about six kilometers further than the

0:46:17.920 --> 0:46:20.840
<v Speaker 4>M one O seven, carrying a far more powerful explosive charge.

0:46:21.000 --> 0:46:23.560
<v Speaker 4>But the decision to try it the untested production program,

0:46:23.560 --> 0:46:26.720
<v Speaker 4>the IG said, proved fateful Army officials believe the Mesquite

0:46:26.760 --> 0:46:29.720
<v Speaker 4>facility was a high risk, high reward opportunity. The IG

0:46:29.800 --> 0:46:33.080
<v Speaker 4>said the service accepted risk associated with the contractor's plan

0:46:33.120 --> 0:46:35.200
<v Speaker 4>to purchase and adapt M one oh seven metal part

0:46:35.239 --> 0:46:38.640
<v Speaker 4>production equipment, but the new production lines were never able

0:46:38.680 --> 0:46:41.759
<v Speaker 4>to produce acceptable M seven ninety five parts using the

0:46:41.800 --> 0:46:44.240
<v Speaker 4>reworked equipment, and the Army ordered the plant to stop

0:46:44.280 --> 0:46:47.879
<v Speaker 4>work completely and stopped spending money. In August twenty twenty five,

0:46:48.000 --> 0:46:50.120
<v Speaker 4>just months after the Trump administration claimed we were up

0:46:50.120 --> 0:46:52.359
<v Speaker 4>two hundred thousand shells a month and that orders held

0:46:52.360 --> 0:46:55.080
<v Speaker 4>through at least April of twenty twenty six. So we

0:46:55.160 --> 0:46:58.200
<v Speaker 4>have no idea what's going to happen ultimately to this

0:46:58.360 --> 0:47:01.800
<v Speaker 4>Mesquite factory. But I should note here that our munition's

0:47:01.880 --> 0:47:04.600
<v Speaker 4>woes go even deeper than a lack of howitzer fuel.

0:47:05.080 --> 0:47:08.480
<v Speaker 4>Earlier this year, Reuter's reporters Aaron Bonco, Mike Stone, and

0:47:08.560 --> 0:47:12.279
<v Speaker 4>Jonathan Lanley published an exclusive article titled US has used

0:47:12.360 --> 0:47:15.560
<v Speaker 4>virtually all off its long range precision missiles during Iran Wars,

0:47:15.600 --> 0:47:18.719
<v Speaker 4>sources say, citing three people familiar with the data, the

0:47:18.840 --> 0:47:21.319
<v Speaker 4>article claims that the US has used virtually all of

0:47:21.360 --> 0:47:24.840
<v Speaker 4>our army tactical missile systems and precision strike missiles. The

0:47:24.960 --> 0:47:27.520
<v Speaker 4>army tactical missile systems are like the older missiles we

0:47:27.520 --> 0:47:29.839
<v Speaker 4>were using. The precision strike missiles are the new ones.

0:47:29.880 --> 0:47:32.759
<v Speaker 4>These are our main surface to surface weapons, and it

0:47:32.800 --> 0:47:35.439
<v Speaker 4>gets worse to continue with another quote from that Reuter's piece.

0:47:35.880 --> 0:47:38.680
<v Speaker 4>Military leaders have for weeks warned the president the stockpiles

0:47:38.680 --> 0:47:41.759
<v Speaker 4>of defensive weapons, including Patriot interceptors, which are effective against

0:47:41.800 --> 0:47:44.919
<v Speaker 4>ballistic missiles, were dwindling, said two of the sources. Last week,

0:47:44.960 --> 0:47:47.600
<v Speaker 4>several media outlets reported Trump had decided not to launch

0:47:47.600 --> 0:47:50.000
<v Speaker 4>another massive offensive inside a Rod in part because his

0:47:50.120 --> 0:47:53.719
<v Speaker 4>military advisors had warned about the US stockpile. A US

0:47:53.760 --> 0:47:56.440
<v Speaker 4>official dispeeded those accounts, saying Trump's chose not to move

0:47:56.440 --> 0:47:59.960
<v Speaker 4>forward with another attack because of pressure from Gulf States. Now,

0:48:00.400 --> 0:48:02.440
<v Speaker 4>based on the most up to date info, we have

0:48:02.600 --> 0:48:05.840
<v Speaker 4>at least sixty five percent of our Patriot interceptors have

0:48:05.920 --> 0:48:09.440
<v Speaker 4>been used since February, and THAD stockpiles are down by

0:48:09.480 --> 0:48:12.759
<v Speaker 4>at least thirty eight percent. We've also used about half,

0:48:12.800 --> 0:48:15.680
<v Speaker 4>if not more than half of our Tomahawk stockpile. None

0:48:15.719 --> 0:48:17.719
<v Speaker 4>of these weapons can be replaced at rates that are

0:48:17.760 --> 0:48:20.160
<v Speaker 4>even close to the rate we are burning them. And

0:48:20.200 --> 0:48:22.319
<v Speaker 4>these are also the weapons systems that we would rely

0:48:22.400 --> 0:48:24.680
<v Speaker 4>on most in the event of a conflict with Russia, China,

0:48:24.800 --> 0:48:27.319
<v Speaker 4>or any other major power, which is why so many

0:48:27.320 --> 0:48:29.480
<v Speaker 4>people in the defense industry are freaking out to the

0:48:29.480 --> 0:48:31.319
<v Speaker 4>degree that Trump has had to pull back on some

0:48:31.400 --> 0:48:33.520
<v Speaker 4>of his plans because they are telling them, hey, man,

0:48:33.520 --> 0:48:35.279
<v Speaker 4>if we get into some serious shit and not this

0:48:35.400 --> 0:48:39.560
<v Speaker 4>fuckery you're doing in the Gulf, we're screwed. Why we

0:48:39.600 --> 0:48:43.480
<v Speaker 4>can't make more of these So anyway, the reason I

0:48:43.600 --> 0:48:46.400
<v Speaker 4>keep beating the drum onlike the AMMO shortage, is because

0:48:46.520 --> 0:48:49.440
<v Speaker 4>I'm certain that in history books in the future there

0:48:49.440 --> 0:48:52.000
<v Speaker 4>are going to be pages written about this before whatever

0:48:52.080 --> 0:48:55.920
<v Speaker 4>fucking disaster comes our way next. So that's cool. Keep

0:48:55.960 --> 0:48:57.440
<v Speaker 4>your eye on that. The other thing you should keep

0:48:57.440 --> 0:48:59.920
<v Speaker 4>your eye on is that we have now added in

0:49:00.000 --> 0:49:02.799
<v Speaker 4>a new kind of gambling market to our gambling on

0:49:02.920 --> 0:49:06.399
<v Speaker 4>things that are not traditional gambling industry, which is I guess,

0:49:06.480 --> 0:49:09.480
<v Speaker 4>the only growth industry in the country. Aside from data centers.

0:49:10.120 --> 0:49:12.160
<v Speaker 4>There's now a bunch of different services that are letting

0:49:12.160 --> 0:49:15.680
<v Speaker 4>people gamble specifically on wildfires and where they hit and

0:49:15.719 --> 0:49:20.239
<v Speaker 4>how much damage they do. Oh Jesus, yeah, yeah, And

0:49:20.360 --> 0:49:22.839
<v Speaker 4>I want to quote from an article in Oregon Live

0:49:23.320 --> 0:49:25.960
<v Speaker 4>as Oregon surpassed its wildfire acreage record over the weekend

0:49:25.960 --> 0:49:28.520
<v Speaker 4>with more than two million acres burnt. Oregon lawmakers also

0:49:28.600 --> 0:49:31.480
<v Speaker 4>raised a new wildfire concern Monday, as prediction markets continue

0:49:31.480 --> 0:49:33.840
<v Speaker 4>to allow people to place bets on wildfires, saying it

0:49:33.840 --> 0:49:36.279
<v Speaker 4>could lead to more human caused fires. In a letter

0:49:36.280 --> 0:49:39.160
<v Speaker 4>to the Commodity Futures Trading Commission, which regulates prediction markets,

0:49:39.239 --> 0:49:42.800
<v Speaker 4>Senator Jeff Merkley led lawmakers from other wildfire stricken states

0:49:42.800 --> 0:49:46.120
<v Speaker 4>and Senator Ron Wyden in urging the agency to crack

0:49:46.160 --> 0:49:49.160
<v Speaker 4>down on wildfire related contracts. The group warned that the

0:49:49.160 --> 0:49:52.319
<v Speaker 4>markets could create financial incentives for arson. And that's the

0:49:52.320 --> 0:49:54.360
<v Speaker 4>big deal, is that, Like, if you're letting people gamble

0:49:54.400 --> 0:49:58.000
<v Speaker 4>on this shit, Yeah, firefighters might be incentivized to fuck

0:49:58.040 --> 0:50:00.480
<v Speaker 4>with stuff. Regular people could be in scent devise to

0:50:00.520 --> 0:50:03.719
<v Speaker 4>fuck with stuff. We've seen this happen already. Like I

0:50:04.160 --> 0:50:07.239
<v Speaker 4>reported a couple months ago about that Israeli journalist who

0:50:07.239 --> 0:50:10.000
<v Speaker 4>like posted a video of a missile failing to get

0:50:10.000 --> 0:50:12.479
<v Speaker 4>intercepted and like hitting into some trees, and he started

0:50:12.480 --> 0:50:14.919
<v Speaker 4>getting death threats because people were gambling on like how

0:50:15.000 --> 0:50:17.520
<v Speaker 4>whether or not it would be intercepted, and his reporting

0:50:17.560 --> 0:50:20.200
<v Speaker 4>was inconvenient to them. Shit's going to be happening like

0:50:20.239 --> 0:50:22.319
<v Speaker 4>that with fires in addition to people trying to start them.

0:50:22.320 --> 0:50:25.680
<v Speaker 4>If this is allowed to go right, polymarket lets people

0:50:25.800 --> 0:50:29.719
<v Speaker 4>bet on not just wildfires, but a variety of natural disasters.

0:50:30.000 --> 0:50:32.200
<v Speaker 4>People can choose yes or no on as to whether

0:50:32.280 --> 0:50:34.440
<v Speaker 4>or not they think a Category five hurricane is going

0:50:34.440 --> 0:50:36.400
<v Speaker 4>to hit the United States, or like a volcano is

0:50:36.440 --> 0:50:40.359
<v Speaker 4>going to erupt. It's just a really bleak thing. And

0:50:40.400 --> 0:50:42.480
<v Speaker 4>there's one of the things that I read recently is

0:50:42.520 --> 0:50:46.600
<v Speaker 4>there's there's even a new markets focused specifically on gambling

0:50:46.640 --> 0:50:53.840
<v Speaker 4>on California wildfires called Wildfire wyldfyr. The company tagline is

0:50:54.040 --> 0:50:57.080
<v Speaker 4>you can't predict wildfire, but you can trade on it.

0:50:58.080 --> 0:51:00.480
<v Speaker 4>And I want to quote from High Country News and

0:51:00.520 --> 0:51:04.000
<v Speaker 4>an investigation of this company. Currently, wildfire users can only

0:51:04.040 --> 0:51:06.520
<v Speaker 4>simulate trading, but according to the site, the ability to

0:51:06.520 --> 0:51:09.480
<v Speaker 4>bet with real money is coming soon. The platform purports

0:51:09.520 --> 0:51:11.800
<v Speaker 4>to be the first prediction market of its kind, pricing

0:51:11.880 --> 0:51:15.240
<v Speaker 4>county and city wildfire risk in real time. California burns

0:51:15.280 --> 0:51:17.600
<v Speaker 4>every year, and it's getting worse. The question is an if,

0:51:17.680 --> 0:51:20.719
<v Speaker 4>it's when and where the site reads wildfire frames. Its

0:51:20.719 --> 0:51:24.279
<v Speaker 4>platform is providing a public good. Wildfire turns collective intelligence

0:51:24.280 --> 0:51:27.040
<v Speaker 4>into better wildfire forecasting, one trade at a time.

0:51:27.080 --> 0:51:29.880
<v Speaker 1>The site reads, yeah, yeah, yeah, oh my god.

0:51:30.239 --> 0:51:33.120
<v Speaker 4>But entities with a real need for wildfire forecasting, including

0:51:33.120 --> 0:51:35.680
<v Speaker 4>federal and state firefighting agencies, say they aren't interested in

0:51:35.719 --> 0:51:39.000
<v Speaker 4>prediction market data. The Forest Service does not use information

0:51:39.040 --> 0:51:41.879
<v Speaker 4>from prediction markets for wildfire forecasts. It why they don't

0:51:41.880 --> 0:51:44.120
<v Speaker 4>even need to go. It's useless, it's useless. And everyone's

0:51:44.120 --> 0:51:45.479
<v Speaker 4>saying this is an idiot and a liar.

0:51:45.920 --> 0:51:48.680
<v Speaker 1>It's insane, this, this whole thing. It's like we can

0:51:48.760 --> 0:51:51.600
<v Speaker 1>chart like the world's collective knowledge because.

0:51:51.440 --> 0:51:53.120
<v Speaker 4>Money, fucking morons.

0:51:52.680 --> 0:51:56.160
<v Speaker 1>Money you know, speaks, speaks more truthfully than just words.

0:51:56.480 --> 0:51:58.080
<v Speaker 1>Is just complete, complete nonsense.

0:51:58.160 --> 0:52:01.040
<v Speaker 4>No people gott to burn down their own neighborhoods get rich.

0:52:01.360 --> 0:52:03.800
<v Speaker 1>Yeah, I mean, if you look at how much prediction

0:52:03.840 --> 0:52:06.040
<v Speaker 1>markets have been wrong about a sequence of like high

0:52:06.080 --> 0:52:08.480
<v Speaker 1>profile elections just in the past year, shows that this

0:52:08.520 --> 0:52:12.400
<v Speaker 1>is not useful or reliable data. There is no you know,

0:52:12.520 --> 0:52:16.000
<v Speaker 1>hidden truth that prediction markets can can can find through

0:52:16.080 --> 0:52:19.120
<v Speaker 1>the the quote unquote wisdom of crowds. And like this,

0:52:19.120 --> 0:52:21.040
<v Speaker 1>this specific thing on these wildfires is like a two

0:52:21.040 --> 0:52:24.680
<v Speaker 1>pronged issue. One kind of evil right to just you

0:52:24.680 --> 0:52:27.919
<v Speaker 1>know win money based on the deaths of However, many

0:52:27.960 --> 0:52:30.279
<v Speaker 1>people in natural disasters.

0:52:29.760 --> 0:52:34.160
<v Speaker 4>The destruction of other lives everything they've built, the fear.

0:52:33.920 --> 0:52:36.319
<v Speaker 1>And so like, you know, like death markets is like

0:52:36.440 --> 0:52:39.319
<v Speaker 1>one one aspect. The other you know aspect is if

0:52:39.520 --> 0:52:42.440
<v Speaker 1>if someone has a lot of money riding on a

0:52:42.480 --> 0:52:46.520
<v Speaker 1>certain wildfire hitting a certain location, then yeah, there is

0:52:46.560 --> 0:52:49.759
<v Speaker 1>financial incentive to maybe cause a fire to hit a

0:52:49.760 --> 0:52:50.640
<v Speaker 1>certain location.

0:52:50.640 --> 0:52:51.880
<v Speaker 4>Or try to pay someone else to.

0:52:52.000 --> 0:52:53.799
<v Speaker 1>Yeah, there's like that aspect as well.

0:52:54.440 --> 0:52:56.600
<v Speaker 4>It's evil for so many reasons.

0:52:56.480 --> 0:52:59.759
<v Speaker 1>Obviously should be illegal, like it's insane.

0:52:59.040 --> 0:53:05.040
<v Speaker 4>Should be hanging these people. I mean, uh, I.

0:53:04.960 --> 0:53:08.239
<v Speaker 8>Remember when arguing over whether the market is an information

0:53:08.400 --> 0:53:10.719
<v Speaker 8>processor that like, like as you're saying, like has like

0:53:10.719 --> 0:53:13.080
<v Speaker 8>all of this collective intelligence from market signals that it's

0:53:13.080 --> 0:53:16.359
<v Speaker 8>like the most difficient information processor versus arguing that it's

0:53:16.360 --> 0:53:19.279
<v Speaker 8>a gambling den like that used to be an academic

0:53:19.320 --> 0:53:22.040
<v Speaker 8>debate and now it's just like, oh no, we're doing

0:53:22.120 --> 0:53:25.520
<v Speaker 8>this on fires and it's just gone every every everything

0:53:25.560 --> 0:53:28.200
<v Speaker 8>that was once metaphor is now literal and all of

0:53:28.239 --> 0:53:29.080
<v Speaker 8>the metaphors suck.

0:53:29.840 --> 0:53:31.640
<v Speaker 1>Yeah, this is pretty fucked up. I I know that

0:53:31.719 --> 0:53:34.040
<v Speaker 1>this was a this was a concern that was talked

0:53:34.040 --> 0:53:36.880
<v Speaker 1>about with like the La fires yep last year or

0:53:36.880 --> 0:53:39.640
<v Speaker 1>two years ago, because I know there was polymarket or

0:53:39.920 --> 0:53:42.440
<v Speaker 1>caw she betting on those, and that that created like

0:53:42.480 --> 0:53:44.920
<v Speaker 1>a little mini news cycle of like talking about this

0:53:45.000 --> 0:53:47.440
<v Speaker 1>maybe being a problem, but like the scale which this

0:53:47.520 --> 0:53:48.960
<v Speaker 1>is like accelerated is crazy.

0:53:49.120 --> 0:53:52.000
<v Speaker 4>Again. I used to do like sports gambling ads because

0:53:52.040 --> 0:53:54.320
<v Speaker 4>I don't have a problem with gambling like ethically, the

0:53:54.400 --> 0:53:56.400
<v Speaker 4>same way I don't have a problem with liquor and whatnot.

0:53:57.040 --> 0:53:59.920
<v Speaker 4>And then it just became very clear before too much,

0:54:00.000 --> 0:54:02.759
<v Speaker 4>Oh wait, no, this isn't your father's gambling. This isn't

0:54:02.800 --> 0:54:05.520
<v Speaker 4>going to fucking like things are well beyond hit heading

0:54:05.520 --> 0:54:08.480
<v Speaker 4>to Vegas for like a weekend or playing cards online

0:54:08.480 --> 0:54:12.000
<v Speaker 4>with your friends. This is turned into like everything, like

0:54:12.080 --> 0:54:16.440
<v Speaker 4>this is the omni culture. It's almost the only recreational

0:54:16.480 --> 0:54:19.439
<v Speaker 4>activity a lot of Americans have anymore. Yeah, I'm gonna

0:54:19.480 --> 0:54:22.840
<v Speaker 4>be honest, I didn't see that happening. That took me

0:54:22.960 --> 0:54:23.960
<v Speaker 4>by surprise. No.

0:54:24.000 --> 0:54:26.160
<v Speaker 1>I used to have a lot more kind of libertarian

0:54:26.480 --> 0:54:29.680
<v Speaker 1>views on gambling, sure, and now I am firmly in

0:54:29.719 --> 0:54:33.240
<v Speaker 1>favor of of like harsh state intervention. Yeah, into basically

0:54:33.320 --> 0:54:34.560
<v Speaker 1>all forms of digital gambling.

0:54:34.600 --> 0:54:36.040
<v Speaker 4>Yeah, I think you should be able to go to

0:54:36.080 --> 0:54:38.640
<v Speaker 4>a casino and gamble, but I don't think you should

0:54:38.640 --> 0:54:41.760
<v Speaker 4>be able to do it on your phone. Like I've

0:54:41.880 --> 0:54:42.920
<v Speaker 4>turned around on that.

0:54:43.120 --> 0:54:45.319
<v Speaker 8>No. Yeah, and you know, and you can you can

0:54:45.360 --> 0:54:46.880
<v Speaker 8>look at those there's a whole bunch of data on

0:54:46.960 --> 0:54:49.560
<v Speaker 8>like when when sports gambling is legalized in a state,

0:54:49.600 --> 0:54:53.120
<v Speaker 8>like the bankruptcy rate increases. It's it's a catastrophe. Yeah,

0:54:53.200 --> 0:54:55.279
<v Speaker 8>you know, I mean it's it's already devoured sports and

0:54:55.280 --> 0:54:58.040
<v Speaker 8>it's now just devouring everything that's left of our society

0:54:58.160 --> 0:54:59.480
<v Speaker 8>until something changes.

0:54:59.280 --> 0:55:02.279
<v Speaker 1>Literally every anything else. Yeah, it's like what if you

0:55:02.360 --> 0:55:07.560
<v Speaker 1>copied that model for literally any event happening in the world. Anyway, Well,

0:55:07.560 --> 0:55:09.920
<v Speaker 1>at least the economy at large is doing fine, right me?

0:55:10.880 --> 0:55:14.680
<v Speaker 8>Oh oh boy. Yeah, So let's let's let's check in

0:55:15.200 --> 0:55:18.439
<v Speaker 8>with our dear friend. And by dear friends, I mean

0:55:19.520 --> 0:55:21.560
<v Speaker 8>I don't know if he's an enemy of the show yet,

0:55:21.719 --> 0:55:26.360
<v Speaker 8>but recurring character on the show. Yeah, we're recurring character

0:55:26.480 --> 0:55:30.279
<v Speaker 8>on the show. Federal Reserve Chairman Kevin Walsh, who had

0:55:30.320 --> 0:55:33.759
<v Speaker 8>a press conference to address the fact that in the

0:55:33.800 --> 0:55:38.000
<v Speaker 8>face of you know, rising inflation, everyone was expecting there

0:55:38.080 --> 0:55:40.279
<v Speaker 8>to be some kind of interest rate increase, and he

0:55:40.320 --> 0:55:42.960
<v Speaker 8>didn't do one. And well, I mean that the Federal

0:55:43.000 --> 0:55:45.719
<v Speaker 8>Reserve Board didn't vote for one, and he had a

0:55:45.719 --> 0:55:50.240
<v Speaker 8>press conference that was so disastrous it triggered a giant

0:55:50.320 --> 0:55:55.040
<v Speaker 8>sell off of US bonds, which is not good. I'm

0:55:55.040 --> 0:55:57.560
<v Speaker 8>gonna read this piece from John Cassidy, who wrote an

0:55:57.600 --> 0:55:59.440
<v Speaker 8>article in The New Yorker about it, because I think

0:55:59.440 --> 0:56:05.000
<v Speaker 8>it captures the reactions to this quote. The selloff quote

0:56:05.080 --> 0:56:08.160
<v Speaker 8>looks very much like a loss of confidence trade, one

0:56:08.200 --> 0:56:12.400
<v Speaker 8>market analyst told The Financial Times. Another commentor, Dario Perkins,

0:56:12.400 --> 0:56:16.520
<v Speaker 8>and economists at the Research from ts Lombard compared Worsh's

0:56:16.560 --> 0:56:19.560
<v Speaker 8>press conference to Donald Trump's announcement last year of his

0:56:19.719 --> 0:56:24.160
<v Speaker 8>Liberation Day tariffs, and to the disastrous UK Midi budget

0:56:24.200 --> 0:56:27.080
<v Speaker 8>that costs Trust her job as Prime Minister in twenty

0:56:27.120 --> 0:56:31.880
<v Speaker 8>twenty two, describing them all as occasions quote where you

0:56:31.960 --> 0:56:35.920
<v Speaker 8>suddenly realize global policymakers are totally out of their depth

0:56:35.920 --> 0:56:38.919
<v Speaker 8>and don't know what they're doing. Even some ex Fed

0:56:38.960 --> 0:56:41.640
<v Speaker 8>officials who tend to be more guarded in their public comments,

0:56:41.760 --> 0:56:46.040
<v Speaker 8>voice concerns. In an interview with Bloomberg, James Bullard, a

0:56:46.080 --> 0:56:48.960
<v Speaker 8>former president of the Federal Reserve Bank of Saint Louis

0:56:49.000 --> 0:56:52.400
<v Speaker 8>described Warsh's press conference as quote a little bit rocky,

0:56:52.920 --> 0:56:55.880
<v Speaker 8>and the bond market's reaction as quote nerve racking for

0:56:56.000 --> 0:56:58.759
<v Speaker 8>a central painter, I don't know. It sounds fine to me.

0:56:59.160 --> 0:56:59.319
<v Speaker 5>Now.

0:57:00.080 --> 0:57:02.440
<v Speaker 1>A little bit rocky might seem a little timid to you,

0:57:03.000 --> 0:57:06.680
<v Speaker 1>But for these people, that's like an insane thing to say.

0:57:06.880 --> 0:57:10.320
<v Speaker 8>Yeah, for a federal Reserve banker, that is the equivalent

0:57:10.520 --> 0:57:15.160
<v Speaker 8>of just nine alarm fire. Oh, I'm gonna read this

0:57:15.239 --> 0:57:18.120
<v Speaker 8>one last part of it. Loretta Mester, who headed the

0:57:18.160 --> 0:57:21.120
<v Speaker 8>Cleveland FED from twenty fourteen to twenty twenty four, told

0:57:21.160 --> 0:57:24.320
<v Speaker 8>the Wall Street Journal quote I want to feel comfortable,

0:57:24.400 --> 0:57:27.080
<v Speaker 8>but the FED knows what it is doing. I don't

0:57:27.120 --> 0:57:29.680
<v Speaker 8>think it's sustainable what he's doing in terms of not

0:57:29.840 --> 0:57:35.840
<v Speaker 8>saying anything. So that this risk conference went so badly

0:57:36.080 --> 0:57:40.000
<v Speaker 8>that the current analysis from basically the day has happened

0:57:40.040 --> 0:57:43.000
<v Speaker 8>until now, the analysis has been that actually, know, the

0:57:43.000 --> 0:57:45.160
<v Speaker 8>FED is going to be forced to raise interest rates

0:57:45.560 --> 0:57:48.720
<v Speaker 8>just to make the markets take like Walsh as a

0:57:48.720 --> 0:57:49.800
<v Speaker 8>guy running the central bank.

0:57:49.880 --> 0:57:50.960
<v Speaker 1>Seriously, Oh god.

0:57:51.760 --> 0:57:56.320
<v Speaker 8>Economistic Bank of America labeled this a quote central bank

0:57:56.400 --> 0:58:05.040
<v Speaker 8>inflation credibility shock, a term I have never seen before. So, okay,

0:58:05.240 --> 0:58:08.560
<v Speaker 8>what did worsh actually say in this press conference that

0:58:08.800 --> 0:58:13.280
<v Speaker 8>was this bad? Well, here here's Jackson baw at Fortune quote.

0:58:13.320 --> 0:58:17.680
<v Speaker 8>He has vowed quote regime change and quote at the

0:58:17.720 --> 0:58:21.640
<v Speaker 8>FED by rolling back so called forward guidance on where

0:58:21.720 --> 0:58:24.680
<v Speaker 8>rates are headed and offered no such clues on Wednesday,

0:58:25.160 --> 0:58:28.760
<v Speaker 8>even talking around no brain air questions on how to

0:58:28.800 --> 0:58:32.160
<v Speaker 8>bring down inflation. So what does that actually mean? The

0:58:32.240 --> 0:58:35.600
<v Speaker 8>Fed usually gives markets some indication of what they're going

0:58:35.680 --> 0:58:37.920
<v Speaker 8>to do with interest rates. At our next meeting, the

0:58:37.960 --> 0:58:40.800
<v Speaker 8>set interest rates, and you do this because you want

0:58:40.840 --> 0:58:43.880
<v Speaker 8>to give people in the market an opportunity to plan

0:58:43.920 --> 0:58:45.960
<v Speaker 8>around what the FED is probably going to be doing.

0:58:46.840 --> 0:58:51.080
<v Speaker 8>Worsh thinks this is a bad idea, that is very weird.

0:58:51.560 --> 0:58:54.160
<v Speaker 8>I don't think anyone has agreed with him that not

0:58:54.240 --> 0:58:57.200
<v Speaker 8>talking to like the markets about what you're about what

0:58:57.240 --> 0:58:58.720
<v Speaker 8>the FED is going to do. I don't think anyone

0:58:58.760 --> 0:59:00.840
<v Speaker 8>has agreed with him since at least like the eighties,

0:59:01.440 --> 0:59:03.680
<v Speaker 8>that the FED should just make his decisions in secret

0:59:03.720 --> 0:59:06.400
<v Speaker 8>and not tell anyone. But that's not even the weirdest

0:59:06.440 --> 0:59:09.000
<v Speaker 8>part of this. The weirdest part is that he's not

0:59:09.080 --> 0:59:10.960
<v Speaker 8>just refusing to explain what the FED is going to

0:59:11.000 --> 0:59:14.040
<v Speaker 8>do in the future, he is refusing to explain what

0:59:14.080 --> 0:59:18.240
<v Speaker 8>the FED is doing right now, and that is really,

0:59:18.560 --> 0:59:21.280
<v Speaker 8>really weird. People just asked him point blank, like, hey,

0:59:21.320 --> 0:59:24.160
<v Speaker 8>why did you not raise interest rates? And she just

0:59:24.200 --> 0:59:27.919
<v Speaker 8>would not give an answer, and that is the thing

0:59:27.960 --> 0:59:29.840
<v Speaker 8>that has been making it seem like she has no

0:59:29.920 --> 0:59:30.920
<v Speaker 8>idea what's going on.

0:59:31.400 --> 0:59:31.680
<v Speaker 4>Now.

0:59:32.040 --> 0:59:36.240
<v Speaker 8>It's possible that this is pure incompetence. I think that's

0:59:36.280 --> 0:59:40.360
<v Speaker 8>probably part of it. Like it being in competence is

0:59:40.600 --> 0:59:43.320
<v Speaker 8>kind of bolstered by the fed's next move, which was

0:59:43.360 --> 0:59:47.360
<v Speaker 8>to do basically a I don't know if bailouts quite

0:59:47.400 --> 0:59:49.360
<v Speaker 8>the right term, but basically to pump a bunch of

0:59:49.400 --> 0:59:52.080
<v Speaker 8>money into the end to maintain the value of or

0:59:52.120 --> 0:59:55.440
<v Speaker 8>to increase and maintain the value of Japan's currency. Now,

0:59:55.560 --> 0:59:59.240
<v Speaker 8>this is also a kind of cataclysmic thing. The US

0:59:59.280 --> 1:00:02.600
<v Speaker 8>hasn't done this for Japan since I think literally it

1:00:02.640 --> 1:00:05.600
<v Speaker 8>was the Reverse Plaza Accords in the late nineteen eighties

1:00:05.680 --> 1:00:08.520
<v Speaker 8>as a way to like stave off the just complete

1:00:08.640 --> 1:00:10.920
<v Speaker 8>ruin of the Asian markets during the Asian market collapse.

1:00:11.400 --> 1:00:15.000
<v Speaker 8>So this in and of itself is remarkable. The Zoos

1:00:15.000 --> 1:00:18.600
<v Speaker 8>hasn't done this since almost every economy in Southeast Asia

1:00:18.640 --> 1:00:22.200
<v Speaker 8>was imploding during the end of the nineties. But the

1:00:22.600 --> 1:00:25.160
<v Speaker 8>weirdest part is that instead of doing this by just

1:00:25.400 --> 1:00:29.680
<v Speaker 8>selling dollars, right, he did it by selling euros, which

1:00:29.720 --> 1:00:32.240
<v Speaker 8>is baffling. I have no idea why he did it.

1:00:32.320 --> 1:00:34.840
<v Speaker 8>No one I've read seems to have any idea why

1:00:34.840 --> 1:00:37.240
<v Speaker 8>he did this with the euros instead of dollars. Everyone

1:00:37.320 --> 1:00:41.200
<v Speaker 8>is just extremely confused. So it's actually very funny because

1:00:41.720 --> 1:00:44.280
<v Speaker 8>the thing I'm about to talk about next was brought

1:00:44.400 --> 1:00:46.800
<v Speaker 8>up as the most important thing the FED had done

1:00:46.840 --> 1:00:48.840
<v Speaker 8>during his tenure, and then this happened a few days later.

1:00:49.680 --> 1:00:53.240
<v Speaker 8>So everyone is just completely baffled by what he's doing.

1:00:53.280 --> 1:00:55.960
<v Speaker 8>None of it makes any sense. And it's not only

1:00:55.960 --> 1:00:58.760
<v Speaker 8>doesn't make any sense, it's actively undermining itself because a

1:00:58.800 --> 1:01:01.680
<v Speaker 8>lot of the things that he's doing, this yen purchase

1:01:01.720 --> 1:01:06.080
<v Speaker 8>is supposed to be about restoring confidence in the Japanese markets,

1:01:06.120 --> 1:01:08.120
<v Speaker 8>but then the US is doing some weird stuff and

1:01:08.120 --> 1:01:10.720
<v Speaker 8>now everyone's going, what on earth is going on. The

1:01:10.800 --> 1:01:12.320
<v Speaker 8>last thing I want to talk about with the FED

1:01:12.400 --> 1:01:16.160
<v Speaker 8>specifically is because I think I kind of understand what

1:01:16.200 --> 1:01:19.080
<v Speaker 8>he's doing. At least with the interest rates and why

1:01:19.080 --> 1:01:21.520
<v Speaker 8>he's not talking about it. In order to get to this,

1:01:21.560 --> 1:01:23.760
<v Speaker 8>we need to turn to some reporting from the New

1:01:23.840 --> 1:01:27.720
<v Speaker 8>York Times, which reports that Warsh is trying to reduce

1:01:27.800 --> 1:01:30.800
<v Speaker 8>the number of meetings that the FED has to decide

1:01:30.800 --> 1:01:33.560
<v Speaker 8>interest rates. This is also really weird. The number of

1:01:33.560 --> 1:01:38.080
<v Speaker 8>meetings to decide indust rates hasn't changed since the eighties, So, okay,

1:01:38.080 --> 1:01:41.400
<v Speaker 8>why is he trying to eliminate? But as he's trying

1:01:41.400 --> 1:01:44.680
<v Speaker 8>to eliminate these meetings, and when you put it all together,

1:01:44.960 --> 1:01:47.160
<v Speaker 8>the reason why he doesn't want to say what the

1:01:47.240 --> 1:01:48.760
<v Speaker 8>FED is going to do in the future and he

1:01:48.880 --> 1:01:52.600
<v Speaker 8>wants to have less meetings is that there is a

1:01:52.640 --> 1:01:55.840
<v Speaker 8>FED meeting in September, right before the midterms, and if

1:01:55.840 --> 1:01:58.720
<v Speaker 8>he raises interest rates, which is exactly the opposite of

1:01:58.720 --> 1:02:02.520
<v Speaker 8>what Donald Trump wants right before the midterms. And this

1:02:02.560 --> 1:02:05.240
<v Speaker 8>is one of John Cassie's interpretations. If he does this,

1:02:05.320 --> 1:02:07.919
<v Speaker 8>he could get fired by Trump. So he doesn't want

1:02:07.920 --> 1:02:10.040
<v Speaker 8>to raise interest rates right before the midterms. So he's

1:02:10.360 --> 1:02:14.880
<v Speaker 8>taking a stance of not saying anything to the media

1:02:14.960 --> 1:02:18.560
<v Speaker 8>and then potentially even canceling this September meeting in order

1:02:18.600 --> 1:02:21.680
<v Speaker 8>to not have to do this, so that's great. I

1:02:21.720 --> 1:02:23.800
<v Speaker 8>think it's an argument as to whether the US Federal

1:02:23.880 --> 1:02:26.320
<v Speaker 8>Reserve is the single most important institution for all of

1:02:26.320 --> 1:02:29.200
<v Speaker 8>global capitalism. I don't know if you can win the

1:02:29.320 --> 1:02:31.280
<v Speaker 8>argument that it's the single most important one, but it's

1:02:31.320 --> 1:02:34.000
<v Speaker 8>one of the most important institutions, and it is apparently

1:02:34.040 --> 1:02:37.240
<v Speaker 8>being run by a guy who is making economic decisions

1:02:37.280 --> 1:02:39.960
<v Speaker 8>with the entire global economy based on him trying not

1:02:40.000 --> 1:02:43.160
<v Speaker 8>to get fired, So this can only go great.

1:02:43.520 --> 1:02:46.080
<v Speaker 1>One of the silliest things about that that purchase of

1:02:46.160 --> 1:02:48.960
<v Speaker 1>yen was the photos leaked from the meeting with the

1:02:49.000 --> 1:02:54.160
<v Speaker 1>notepad they like, oh God, to do Collin buy knveellion

1:02:54.240 --> 1:02:55.800
<v Speaker 1>US dollars worth of yet.

1:02:55.840 --> 1:02:58.600
<v Speaker 4>Remarkably similar to my shopping list the other day when

1:02:58.640 --> 1:02:59.280
<v Speaker 4>I went to Alberts.

1:02:59.480 --> 1:03:02.840
<v Speaker 1>That's concerns me as I feel like he shouldn't behavil

1:03:02.960 --> 1:03:07.080
<v Speaker 1>to remember to buy ten billion yen ten billion US

1:03:07.200 --> 1:03:08.439
<v Speaker 1>dollars worth of yen?

1:03:08.760 --> 1:03:10.640
<v Speaker 4>Is there not a better method to make sure that

1:03:10.800 --> 1:03:12.360
<v Speaker 4>happens in the US government.

1:03:13.720 --> 1:03:16.680
<v Speaker 8>I cannot emphasize this enough. The last time we did

1:03:16.760 --> 1:03:20.480
<v Speaker 8>something like this with Japanese currency. It has an actual name.

1:03:20.560 --> 1:03:24.160
<v Speaker 8>It's called the reverse Plaza Accords. It was a transformational

1:03:24.280 --> 1:03:28.120
<v Speaker 8>milestone moment in what the American economy was going to be,

1:03:28.240 --> 1:03:30.280
<v Speaker 8>because that was the moment the US abandoned having a

1:03:30.360 --> 1:03:33.400
<v Speaker 8>manufacturing economy. Like that's the kind of decision that is

1:03:33.480 --> 1:03:36.320
<v Speaker 8>being made here, and it's being written on a notepad,

1:03:36.520 --> 1:03:37.000
<v Speaker 8>Like it's.

1:03:36.960 --> 1:03:39.400
<v Speaker 1>Just just just throw that thing on a notepad. I'll

1:03:39.440 --> 1:03:42.240
<v Speaker 1>do that later this afternoon. I admit I thought.

1:03:42.080 --> 1:03:44.880
<v Speaker 8>Worsh because Worsh had been like with with a Federal

1:03:44.920 --> 1:03:46.520
<v Speaker 8>Reserve bank before, I thought he was going to be

1:03:46.680 --> 1:03:51.400
<v Speaker 8>like slightly more confident than this. But this, this entire week,

1:03:51.480 --> 1:03:53.920
<v Speaker 8>Hassed has raised what I think the odds are of

1:03:53.960 --> 1:03:57.000
<v Speaker 8>the Federal Reserve completely screwing things up and blowing up

1:03:57.000 --> 1:04:01.000
<v Speaker 8>the entire global economy significantly. Because if this is the

1:04:01.120 --> 1:04:03.760
<v Speaker 8>kind of shit that you're doing, like a couple of

1:04:03.880 --> 1:04:06.760
<v Speaker 8>months into being in office, we are in for a

1:04:07.280 --> 1:04:10.600
<v Speaker 8>long eight years. Assuming I guess he doesn't like purge by.

1:04:10.560 --> 1:04:13.840
<v Speaker 1>Trump posting a picture of Jerome Powell hurts like shit,

1:04:14.000 --> 1:04:14.640
<v Speaker 1>just want him back?

1:04:16.160 --> 1:04:19.160
<v Speaker 8>God uh.

1:04:20.640 --> 1:04:25.120
<v Speaker 1>Uh. Finally, I want to conclude on some tariff talk song.

1:04:26.440 --> 1:04:34.960
<v Speaker 3>Locking rocking jazz rocking jazz bot Sorry, locking.

1:04:36.680 --> 1:04:42.120
<v Speaker 1>Rocking jazz rocking jazz Bob. Sorry, we forgot to put

1:04:42.160 --> 1:04:43.360
<v Speaker 1>this song in that last episode.

1:04:43.440 --> 1:04:44.440
<v Speaker 4>They won't forget bad.

1:04:44.640 --> 1:04:47.680
<v Speaker 8>Yeah, we're we're fixing it. We're fixing it. On Monday,

1:04:47.800 --> 1:04:49.760
<v Speaker 8>half of the states in the Union, that is twenty

1:04:49.880 --> 1:04:53.840
<v Speaker 8>five total states sued the Trump administration over the regime's

1:04:53.880 --> 1:04:58.000
<v Speaker 8>tariff policies. What is bleak here is that because of

1:04:58.080 --> 1:05:00.160
<v Speaker 8>the speed that the courts move at, and because the

1:05:00.160 --> 1:05:03.000
<v Speaker 8>speed that these attorney generals are moving at, these lawsuits

1:05:03.040 --> 1:05:05.080
<v Speaker 8>are coming in an entire teriff cycle behind.

1:05:05.360 --> 1:05:05.560
<v Speaker 9>Yeah.

1:05:06.000 --> 1:05:09.600
<v Speaker 8>So these lawsuits are over the administration Section three zero

1:05:09.640 --> 1:05:11.720
<v Speaker 8>one teriffs, which were the forced labor ten to twelve

1:05:11.720 --> 1:05:15.200
<v Speaker 8>percent tariffs on basically all US imports that are supposed

1:05:15.240 --> 1:05:18.960
<v Speaker 8>to be about forced labor. And as as I mentioned before,

1:05:19.520 --> 1:05:22.520
<v Speaker 8>this is an entire cycle of tariffs behind where the

1:05:22.560 --> 1:05:25.960
<v Speaker 8>Trump administration actually is now, which is his even more

1:05:26.040 --> 1:05:29.880
<v Speaker 8>illegal usage of Smoot Holly tariffs against Canada. We are

1:05:30.160 --> 1:05:33.840
<v Speaker 8>still awaiting the lawsuit about that one because they just

1:05:33.920 --> 1:05:37.200
<v Speaker 8>haven't gotten there yet. So it's fun in real time

1:05:37.400 --> 1:05:39.640
<v Speaker 8>to get to see the stuff I said last time

1:05:39.680 --> 1:05:42.200
<v Speaker 8>I was talking about tariffs, about how Trump is just

1:05:42.240 --> 1:05:44.320
<v Speaker 8>going to be able to keep using the tariff justification

1:05:44.400 --> 1:05:46.040
<v Speaker 8>because it just takes time for stuff to get to

1:05:46.120 --> 1:05:49.160
<v Speaker 8>the court. Where we're seeing that here. I mean, I

1:05:49.200 --> 1:05:51.360
<v Speaker 8>guess the Section three oh one tariffs don't have a deadline,

1:05:51.400 --> 1:05:53.000
<v Speaker 8>but who knows how long it's going to take to

1:05:53.120 --> 1:05:56.120
<v Speaker 8>get rid of those ones, or if you could see

1:05:56.120 --> 1:05:59.720
<v Speaker 8>a scenario where those tariffs are irrelevant, as we saw

1:05:59.760 --> 1:06:02.640
<v Speaker 8>with the terroiffts that he imposed earlier this year that

1:06:02.760 --> 1:06:05.240
<v Speaker 8>were nominally about like the US having a balance of

1:06:05.280 --> 1:06:07.760
<v Speaker 8>payments crisis, where there were lawsuits about it, but the

1:06:07.840 --> 1:06:11.840
<v Speaker 8>lawsuits don't matter because the authorization expired. Were probably we're

1:06:11.880 --> 1:06:14.240
<v Speaker 8>gonna see a similar thing like that where these terrorists

1:06:14.280 --> 1:06:16.040
<v Speaker 8>are kind of irrelevant by the time this way to

1:06:16.160 --> 1:06:19.080
<v Speaker 8>the courts. So amazing political system we've set up here.

1:06:19.720 --> 1:06:22.040
<v Speaker 1>Well, that does it for us today at it could

1:06:22.120 --> 1:06:26.080
<v Speaker 1>happen here. James sent over two donation links for the

1:06:26.200 --> 1:06:29.680
<v Speaker 1>Spokane wildfires. Both should be at the top of the

1:06:29.800 --> 1:06:34.040
<v Speaker 1>episode sources in the description. The first one is Spokane

1:06:34.240 --> 1:06:38.720
<v Speaker 1>Tribalnetwork dot org. The second link is too long to

1:06:38.960 --> 1:06:43.200
<v Speaker 1>fully read, but it's for the Spokane Complex Wildfire Response Fund.

1:06:43.760 --> 1:06:46.040
<v Speaker 1>I can't read out the whole URL, but it should

1:06:46.080 --> 1:06:48.680
<v Speaker 1>be at the top of these sources in the description.

1:06:49.400 --> 1:06:52.160
<v Speaker 4>We the news reported, We reported the news.

1:06:54.080 --> 1:06:55.000
<v Speaker 1>We reported the news.

1:07:03.480 --> 1:07:05.960
<v Speaker 2>It could happen here is a production of cool Zone Media.

1:07:06.160 --> 1:07:09.160
<v Speaker 2>For more podcasts from cool Zone Media, visit our website

1:07:09.280 --> 1:07:12.800
<v Speaker 2>folzonmedia dot com, or check us out on the iHeartRadio app,

1:07:12.920 --> 1:07:16.480
<v Speaker 2>Apple Podcasts, or wherever you listen to podcasts. You can

1:07:16.560 --> 1:07:18.840
<v Speaker 2>now find sources where it could happen here listed directly

1:07:18.880 --> 1:07:21.160
<v Speaker 2>in episode descriptions. Thanks for listening.