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Speaker 1: Hey guys, Saga and Crystal here.

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Speaker 2: Independent media just played a truly massive role in this election,

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Speaker 2: and we are so excited about what that means for

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Speaker 2: the future of this show.

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Speaker 2: So if that is something that's important to you, please

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Speaker 3: We need your help to build the future of independent

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Speaker 3: news media and we hope to see you at Breakingpoints

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Speaker 3: dot com. Good morning, everybody, Happy Thursday. We have an

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Speaker 3: amazing show for everybody today. What do we have, Crystal?

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Speaker 2: Indeed, we do many things to get to of course,

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Speaker 2: as pretty usual, we got some updates on the tariff situation,

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Speaker 2: what is on, what is off? We've got some more

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Speaker 2: warning signs with regards to the economy. Also, increasingly clear

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Speaker 2: AGI artificial general intelligence is really just around the corner.

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Speaker 2: Expected to be here during the Trump administration. Is anyone

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Speaker 2: ready for that? I really don't think, so we're going

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Speaker 2: to take a look at that. Also some really contradictory

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Speaker 2: signs about what Trump's approach is with regards to Gaza.

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Speaker 2: So we'll give you all of the indications and all

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Speaker 2: of the developments there. Andrew Tait now saying, actually, I'm

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Speaker 2: just like ready to leave America anyway, guys, I was

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Speaker 2: just going to stay here for a couple of days.

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Speaker 4: And I'm out.

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Speaker 2: So a lot going on there and some political interesting

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Speaker 2: sort of like political ramifications there as well. I'm taking

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Speaker 2: a look at if Trump is going to cook the

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Speaker 2: books on the economy, some pretty clear indications in that direction.

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Speaker 2: And we have the socialist candidate for New York City

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Speaker 2: mayor who is going up against Andrew Cuomo is going

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Speaker 2: to be on the show. He actually was on with

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Speaker 2: Emily and Ryan before. His campaign has come a long

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Speaker 2: way since then. He's actually polling as the top sort

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Speaker 2: of progressive candidate in the race, which is pretty surprising

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Speaker 2: kind of coming out of nowhere. So excited to talk

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Speaker 2: to him as well.

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Speaker 3: All right, So with all of it, by the way,

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Speaker 3: thank you to everybody supports the show. We appreciate it

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Speaker 3: very much. Been a very busy week here at breaking points.

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Speaker 3: So let's go ahead and get to the tariffs. The

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Speaker 3: most important economic news the White House announcing yesterday that

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Speaker 3: there will be some terriff exclusion, specifically for automakers.

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Speaker 1: Let's take a listen.

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Speaker 4: We spoke with the big three auto dealers.

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Speaker 5: We are going to give a one month exemption on

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Speaker 5: any autos coming through USMCA. Reciprocal tariffs will still go

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Speaker 5: into effect on April seconds, but at the request of

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Speaker 5: the companies associated with USMCA, the President is giving them

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Speaker 5: an exemption for one month so they are not at

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Speaker 5: an economic disadvantage. So the three companies that he spoke

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Speaker 5: to are Stilantis, Ford in General Motors.

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Speaker 6: One on the reprieve that is being granted to these

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Speaker 6: three automakers for one month on the tariffs on Canada

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Speaker 6: and Mexico, how did the President settle on one month?

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Speaker 5: The reciprocal tariffs will go into effect on April second,

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Speaker 5: and he feels strongly about that no matter what, no exemption.

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Speaker 5: So that's where the one month come from.

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Speaker 4: So sure does he expect them to be able to

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Speaker 4: shift production within a month.

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Speaker 5: He told them that they should get on it, start investing,

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Speaker 5: start moving shift production here to the United States of

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Speaker 5: America where they will pay no tariff.

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Speaker 6: That's the ultimate goal.

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Speaker 3: So there was some initial confusion there from that announcement.

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Speaker 3: It initially appeared as if it only applied to the

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Speaker 3: Big three automakers, but the White House systems clarified that

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Speaker 3: those terrif exemptions are for all automakers. The reason why

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Speaker 3: that this is most significant is because part of USMCA

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Speaker 3: and of NAFTA is that many of these car companies

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Speaker 3: are vertically integrated across all three countries, and that many

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Speaker 3: of these parts Crystal will move across the border, some

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Speaker 3: almost forty or fifty times in the most extreme example,

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Speaker 3: and so the idea was if it was going to

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Speaker 3: get hit with a twenty five percent tariff every single

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Speaker 3: time that across the border, you would famously have those

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Speaker 3: examples of a car going from from fifty thousand to

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Speaker 3: like eighty or ninety thousand dollars something like that one

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Speaker 3: month exclusion. Though as the question there was like, that's

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Speaker 3: not exactly time. This seems to be part of the

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Speaker 3: chaos blunt force strategy to try and see as much

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Speaker 3: progress or announcements or whatever Trump can.

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Speaker 1: Squeeze out of them.

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Speaker 3: But the market reaction has been all over the place

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Speaker 3: over the last couple of days, and so the pendulum

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Speaker 3: continues to swing back and forth and back and forth.

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Speaker 2: Yeah, indeed, I mean, is it crazy for him and

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Speaker 2: to think that he saw that Fox News segment with

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Speaker 2: the car dealer guy who was like, this same truck

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Speaker 2: is going up twenty k like right now instantly, and

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Speaker 2: Maria Barbaroma being like, oh my god, what is going

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Speaker 2: on here? Like, I genuinely think that may have been

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Speaker 2: part of the calculus going into this. I was a

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Speaker 2: little bit surprised there wasn't more of a rollback of

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Speaker 2: the tariffs that is just.

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Speaker 4: Applying to the auto industry.

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Speaker 2: The other part that was kind of funny to me

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Speaker 2: is like, the one group that came out and was like,

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Speaker 2: actually we like the tariffs was the United Auto Workers,

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Speaker 2: and now that's the one industry where it's being rolled back.

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Speaker 2: The other thing that was surprising to me is you

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Speaker 2: were alluding to the markets, is how positively the markets

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Speaker 2: responded to this news since you are just talking about

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Speaker 2: one sector of the economy. Granted, of course it is

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Speaker 2: a significant sector, but you know, the plan is for

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Speaker 2: them to go back in place in a month. All

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Speaker 2: of the tariffs on Mexico are still there. The teriff

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Speaker 2: announced on China's still there. All the rest of the

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Speaker 2: tariffs on Canada is still there, and Justin Trudeau and

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Speaker 2: Canada is still talking pretty tough saying listen, unless all

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Speaker 2: of the tariffs a rolled back, we are continuing with

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Speaker 2: our retaliatory tariffs. So you know, people should be really

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Speaker 2: clear about what this means. It will have significant impact

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Speaker 2: on a lot of produce coming from Mexico, you know,

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Speaker 2: from Canada.

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Speaker 4: The tariff on energy.

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Speaker 2: Is lower, but still there, still expecting significant gas price increases,

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Speaker 2: including I think in New England was the first place

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Speaker 2: that you're likely to see gas prices go up some

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Speaker 2: twenty to forty cents pretty quickly. Here new construction materials,

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Speaker 2: a significant amount of that comes from Canada. And then

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Speaker 2: depending on how long this lasts, eighty percent of the

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Speaker 2: fertilizer that's used in the US comes from Canada as well.

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Speaker 2: So even with the rollback of this one particular sector,

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Speaker 2: which is again it's significant, you're still going to have

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Speaker 2: quite significant and reverbting impacts across the economy if they

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Speaker 2: continue to move forward with these.

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Speaker 3: Yeah, there's been so there's been some crazy movement on this.

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Speaker 3: So you reference the markets. The markets were up yesterday,

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Speaker 3: the S and P erased its one day loss, and

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Speaker 3: yet as of this morning you and I are talking,

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Speaker 3: the S and P futures have now erased yesterday's gain,

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Speaker 3: So we're basically back to where we were two days ago.

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Speaker 1: So I don't know, don't don't ask me.

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Speaker 3: I'm not some you know, stock analysts that can only

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Speaker 3: go off of what the Wall Street Journal and the

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Speaker 3: Financial Times and all of them are saying. They're saying

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Speaker 3: that right now the Dow future and all of that

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Speaker 3: dropping is from a weakening dollar. And also they are

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Speaker 3: saying that the invert indexes will reverse the rally of

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Speaker 3: the partial rollback yesterday, also apparently in response to the

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Speaker 3: German government and European bond market.

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Speaker 1: So there's a lot going on right now.

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Speaker 3: Actually, interestingly enough, almost all that comes back to Trump,

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Speaker 3: both on the German side and on the tariff side.

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Speaker 3: The Commerce Secretary, Howard Lutnik Commerce Secretary, by the way,

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Speaker 3: is the person who is most in charge of the tariffs.

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Speaker 3: Their responsibility under the current law is that they're the

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Speaker 3: ones who write those justifications for them implement the teriffs. Specifically,

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Speaker 3: let's take a listen to what Secretary Lutnik had to say.

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Speaker 7: The Big Three say they produce cars that are compliant

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Speaker 7: under US MCA, which means they have sufficient US content

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Speaker 7: in them to be part of the US MCA agreement.

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Speaker 7: So I think that's part of our discussion and the

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Speaker 7: President's really thinking about that.

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Speaker 6: It's not really the concemption.

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Speaker 7: Remember, it's it's we're trying to end fetanyl coming into

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Speaker 7: the country. So we're trying to set a message that

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Speaker 7: fetanyl has got to end coming in from Mexico and Counada.

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Speaker 4: It just has to end.

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Speaker 7: And they've done a reasonable job on the border, and

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Speaker 7: they're going to do a better job on the border.

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Speaker 7: But this is memory, it's a key about fentanyl for

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Speaker 7: this month April second, we could talk about the rest

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Speaker 7: depths in America have not decreased in a way that

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Speaker 7: is sufficient depths of feris in America.

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Speaker 8: Yesterday though, the President question the fairness of Canadian banks,

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Speaker 8: So what is it about. Is it about Canada's banking

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Speaker 8: system or is it really about fentanyl.

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Speaker 7: So this month right now is about fentanyl. When we

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Speaker 7: talk about April second, we will talk about the bigger

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Speaker 7: trade picture between our trading partners Canada and our trading

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Speaker 7: partners of Mexico.

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Speaker 3: So just to reiterate here, they have to say fentanyl

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Speaker 3: because it's the only way they can get that national

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Speaker 3: security exemption through law, because otherwise you can't just say, oh,

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Speaker 3: I don't agree with Canadian banking or whatever, because we

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Speaker 3: have a USMCA agreement that's been ratified by Congress. This

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Speaker 3: is the only way that you can actually get around that.

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Speaker 3: We do, though, need to flag that the problem with

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Speaker 3: all of this strategy is that Americans need to feel

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Speaker 3: as if there's a big strategy behind it, and we

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Speaker 3: flag this in our pre State of the Union coverage.

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Speaker 3: But this is very important. Let's put this up there

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Speaker 3: on the screen from the New York Times. Here is

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Speaker 3: how Americans feel about TERRA. So you've got some twenty

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Speaker 3: nine percent of Americans to fifty six percent of Americans,

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Speaker 3: depending on how the question is asked, who are in

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Speaker 3: favor of tariffs. Now, the tariffs that have the highest

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Speaker 3: support in the mid fifties are when you ask a

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Speaker 3: question specifically about China. Now, if you mention Canada and Mexico,

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Speaker 3: the support for the tariffs starts to fall. Now the

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Speaker 3: tariffs however, almost at a fifty percent approval rating if

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Speaker 3: they're to bring back American jobs. But if you add

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Speaker 3: the caveat of even if price increases, then you drop

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Speaker 3: down to thirty percent.

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Speaker 1: And that's not a surprise to me at all.

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Speaker 3: Americans are some of the most cost conscious people literally

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Speaker 3: on Earth, where seventy percent consumer based economy.

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Speaker 1: And the real thing.

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Speaker 3: Is is all of this would have to be communicated

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Speaker 3: in a way as if people feel that there is

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Speaker 3: a big strategy behind this, because if you're going to

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Speaker 3: jack the price of a car up, or groceries or

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Speaker 3: all of that, you need to have a reason.

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Speaker 1: And look, I've spoken about Canada and Mexico.

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Speaker 3: I do think our trade imbalances are ridiculous with those

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Speaker 3: two countries. However, the problem is right now is that

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Speaker 3: these people are the American people, are not being sold

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Speaker 3: a coherent vision on how this is all going to work.

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Speaker 3: And that's evidenced by the constant roll in and roll

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Speaker 3: back of the strategy.

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Speaker 1: Right.

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Speaker 3: So, the automaker is the perfect example because out of

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Speaker 3: all of the industries that most need and deserve tariffs

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Speaker 3: specifically from this bring back American jobs, it's the automaker

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Speaker 3: specifically that one industry where it should be most applicable,

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Speaker 3: and not say on groceries. We talked here about avocado

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Speaker 3: berries is probably a better example. I don't think we

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Speaker 3: grow any berries in the continental United States. But so

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Speaker 3: if you're giving an exemption to one, jacking the price

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Speaker 3: up on another, rolling back something here, and people are

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Speaker 3: also saying it's about fentanyl, and people are just going

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Speaker 3: to be like, Okay, what the hell is this all about.

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Speaker 3: And I think that's the biggest problem that the White

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Speaker 3: House has right now.

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Speaker 4: Totally.

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Speaker 2: I do think we grow some berries in California, and

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Speaker 2: I know that we grow some strawberries there and some

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Speaker 2: other things. Yeah, but in any case, your point still stands.

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Speaker 2: It's significant. And you know there's certain things too that, Okay,

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Speaker 2: we can grow them here in one particular season, but

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Speaker 2: we're all used to getting everything we want all the

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Speaker 2: time in the grocery store whenever we want it, even

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Speaker 2: when it is the dead of winter. Those are the

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Speaker 2: sorts of things products that are really going to have

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Speaker 2: pressure put on them here, you know, at a time

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Speaker 2: when people are particularly cast conscious. Obviously, inflation has been

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Speaker 2: one of the major political stories of the past several years,

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Speaker 2: you know, towards the end of COVID and certainly post COVID,

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Speaker 2: So you know, that's what I've mentioned before, is the

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Speaker 2: economic landscape now and the economic priority of Americans is

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Speaker 2: also different from when Trump first came into office. So

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Speaker 2: I think even if he was telling a coherent story

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Speaker 2: about what these tariffs could deliver in terms of reindustrializing

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Speaker 2: America or you know, American jobs, and yes, we're going

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Speaker 2: to have some pain in the short term, but in

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Speaker 2: the long term it's all going to run at work out.

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Speaker 2: I think even if he was telling that story, it

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Speaker 2: would be a tough sell. And he's not telling that story.

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Speaker 2: The message is completely confused. Even Mexico and Canada don't

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Speaker 2: really know what the hell he's doing or what the

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Speaker 2: hell he wants his advisor to sow.

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Speaker 4: Peter Navarro go.

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Speaker 2: On last night and be like, Canada is being taken

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Speaker 2: over by Mexican cartel, so they're really pushing the fentanyl line,

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Speaker 2: even though we all know that that's just a pretext

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Speaker 2: for him to be able to have as much authority

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Speaker 2: as he wants and do whatever he wants. And I

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Speaker 2: think your point about the auto industry is a really

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Speaker 2: important one. Like if you were going to make the

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Speaker 2: case for these tariffs in any industry, the auto industry

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Speaker 2: is the place where you have actually the most compelling case,

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Speaker 2: where you can say, Okay, we want to have a

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Speaker 2: really strong auto industry here. This is important to our

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Speaker 2: manufacturing base. It's certainly important in a number of key

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Speaker 2: swing states. We're going to really invest in this industry.

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Speaker 2: We're going to put some protected barriers around it, We're

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Speaker 2: going to bring back, you know, all these supply chains

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Speaker 2: into the US that have gone over to Canada and

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Speaker 2: Mexico since NAFTA was instituted. But instead that's the one

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Speaker 2: that is getting the break. So yeah, I think, you know, politically,

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Speaker 2: I think this is really a non starter in terms

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Speaker 2: of the way that it is.

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Speaker 4: I mean, it's not being sold, you know.

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Speaker 2: I don't think the policy makes sense anyway outside of

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Speaker 2: you know, there are some theories of some sort of

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Speaker 2: grand plan to weaken the dollar and for that to

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Speaker 2: cause the reindustrialization.

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Speaker 4: But again, if.

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Speaker 2: That's your goal, you need to be explaining that to people.

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Speaker 2: And at the same time, you see you're really flirting

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Speaker 2: with disaster economically, which we're going to talk about more

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Speaker 2: in the next block as well.

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Speaker 3: Yes, exactly, you really got to keep these things. You

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Speaker 3: need to keep things such that they are explainable and understandable,

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Speaker 3: especially if you're going to suffer. And part of the

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Speaker 3: other problem is I've seen the Secretary say things like, oh,

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Speaker 3: well it's not and people aren't going to feel it

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Speaker 3: because we're gonna be taking in so much money. And

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Speaker 3: it's like, okay, well, you know, then you've got to

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Speaker 3: have a pretty explicit redistribution program. Maybe people could get

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Speaker 3: behind that. I don't see the Republican Congress going tomorrow

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Speaker 3: yet for some sort of external revenue service that's constantly

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Speaker 3: just cutting checks to Americans in terms of their tariff dividend.

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Speaker 3: If you did that, yeah, maybe it'd be popular, But

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Speaker 3: it's one of those where it actually it would mean

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Speaker 3: that you would have to dramatically change the entire system,

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Speaker 3: of which I don't see a lot of congressional support

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Speaker 3: for right now. So you could have the worst of

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Speaker 3: all worlds. You could have higher prices and you could

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Speaker 3: not have any redistribution. If not not even that, you

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Speaker 3: could actually have cuts there and or a diminishment of services.

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Speaker 3: And so if you do feel like it's a price

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Speaker 3: is going to go down, your government services are also

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Speaker 3: going to go or price is going to go up

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Speaker 3: and your government services go down.

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Speaker 1: That's not a very good trade, is it. So let's

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Speaker 1: continue here on this.

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Speaker 3: On this front, there have definitely been some There have

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Speaker 3: definitely been some CEOs who are doing everything they can

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Speaker 3: to get Trump's ear. Let's put this up there on

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Speaker 3: the screen. The latest gambit is to meet one on

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Speaker 3: one with the president. You've got to give five million

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Speaker 3: dollars to one of his organizations. And now that doesn't

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Speaker 3: directly go to him, but it goes to MAGA Inc.

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Speaker 3: Or the Make America Grade again ink, it's a super

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Speaker 3: pack that supports the Trump twenty twenty four campaign somewhere

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Speaker 3: between one million dollars a piece to dine with him

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Speaker 3: in a group setting five million dollars for a one

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Speaker 3: on one. And so did the Big Three pony that up.

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Speaker 3: Not sure, I mean they probably can get his ear anytime,

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Speaker 3: but this has certainly been something that we have seen

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Speaker 3: in the nearest future, is that people mar a Lago

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Speaker 3: members and others I mean getting in his ear and

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Speaker 3: has had significant changes on policy. The best example is

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Speaker 3: probably Jeffyass who has a huge share in TikTok and

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Speaker 3: a Byte Dance, probably single handedly most responsible for Trump's

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Speaker 3: about face on that. We haven't talked a lot here

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Speaker 3: about the crypto industry, but this is kind of this

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Speaker 3: is unprecedented, to say the least, because what do you

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Speaker 3: need the money for.

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Speaker 1: You're not running for anything.

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Speaker 3: It's like, what is all this money being funneled into

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Speaker 3: your campaign or your super pack for. And you know,

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Speaker 3: it's a little grotesque, especially to have basically pay for

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Speaker 3: play with the president at his private club. Not saying

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Speaker 3: it hasn't happened, you know, previously with Trump or I

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Speaker 3: guess with other presidents, but this is just a little

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Speaker 3: bit on the nose right now.

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Speaker 2: Yeah, absolutely no doubt about it. And we also know

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Speaker 2: the way that he's able to round trip some of

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Speaker 2: that those funds out of the campaign account into his

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Speaker 2: personal bank account by like, hey we're going to rent

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Speaker 2: Mara a Lago for this event for the Republican Party.

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Speaker 2: Hey we're going to use this or that vendor that

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Speaker 2: actually is under the Trump family umbrella. So one of

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Speaker 2: the things that is unprecedented about him, in particular with

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Speaker 2: his business interests, is the ability to funnel that campaign

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Speaker 2: cash actually directly into his bank account, and then the

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Speaker 2: shit coin is just something else entirely. I mean, we've

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Speaker 2: talked before about this crypto dude who had a big

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Speaker 2: SEC investigation going. He gives seventy five million dollars while he,

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Speaker 2: you know, buys seventy five million dollars worth of Trump

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Speaker 2: crypto tokens and lo and behold, SEC dropped the investigation.

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Speaker 2: Huh isn't that nice for him? I mean, it just

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Speaker 2: it truly is like, listen, we're none of us are

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Speaker 2: Pollyanna here. We know corruption in politics is nothing new.

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Speaker 2: This is like on a truly another level that's hard

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Speaker 2: to describe just how corrupt it is. And then also

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Speaker 2: because you've had so much power consolidated with Trump and

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Speaker 2: Elon in particular, it also becomes much more important to

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Speaker 2: create direct favor with him. So Elon yesterday was meeting

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Speaker 2: with the Republican Caucus and saying like, oh, I'm going

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Speaker 2: to set up a phone line so you guys can

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Speaker 2: call directly if there are programs in your district, in

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Speaker 2: your state that are important that are getting cut. Well,

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Speaker 2: guess who's not going to have access to that phone line?

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Speaker 2: Any Blue state representative. So it truly is just like

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Speaker 2: if you're in the favored class, either because you gave

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Speaker 2: money to Trump, you bought his shit coin, you happen

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Speaker 2: to be a Republican, especially a Republican of state that

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Speaker 2: matters to them politically, then you're going to get your favors,

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Speaker 2: You're going to get your goodies, and everyone else is going.

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Speaker 4: To be screwed.

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Speaker 2: So you know, that's why you see the tech oligarchs

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Speaker 2: lining up at the inauguration, why you see them betting

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Speaker 2: the knee, why you see them donating millions of dollars

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Speaker 2: to the Inauguration Fund, etc. Because they want to make

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Speaker 2: sure their mergers go through. They want to make sure

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Speaker 2: when the terriff is t gets put into place, they

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Speaker 2: get their particular carve out and their interests are looked after.

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Speaker 2: And you know that's very much the story of how

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Speaker 2: this administration is being run.

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Speaker 1: Let's go to the economy then, in terms of the

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Speaker 1: warning signs.

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Speaker 2: So this all sort of ties in. Harry Anton did

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Speaker 2: a great segment breaking down some of the polling numbers

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Speaker 2: about how Americans feel Trump is doing on the economy

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Speaker 2: and specifically whether they feel like he is focusing on

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Speaker 2: economic issues. Enough, let's take a listen to what he

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Speaker 2: had to say.

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Speaker 8: The answer the question is no, Trump and the economy

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Speaker 8: he should prioritize here on planet Earth eighty two percentsent.

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Speaker 8: It's almost as if Trump is on planet Krypton. Look

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Speaker 8: at this. He is prioritizing the economy just thirty six percent.

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Speaker 8: My goodness, gracious, I don't understand how this mathematical formula works. Right,

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Speaker 8: If the economy is the number one issue, if that's

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Speaker 8: what Americans think you should be prioritizing, and well less

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Speaker 8: than half think that you are. No wonder Trump is

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Speaker 8: having problems with the economy because, simply put, he's not

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Speaker 8: putting it to the top of his list the.

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Speaker 1: Way Americans are.

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Speaker 8: American adults who have a job currently at least in

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Speaker 8: January with sixty one percent the percentage that own a

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Speaker 8: stock either directly or indirectly. Perhaps you're four oh one

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Speaker 8: k sixty two percent sock. The stock market is as

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Speaker 8: important to economic perceptions in my mind as is the

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Speaker 8: unemployment number, given that it's about the same percentage of Americans.

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Speaker 8: In fact, if you believe it, though, it's within the

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Speaker 8: margin ververa one point more of the American folks actually

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Speaker 8: own stock than actually have a job.

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Speaker 4: I'm not sure about that last part.

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Speaker 2: I'm not sure I'm really buying that people are more

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Speaker 2: concerned with the stock market than the employment. I mean,

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Speaker 2: stock market ownership is still very very skewed, but it

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Speaker 2: is an important point that, Look, a lot of people

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Speaker 2: are paying attention to this. Trump himself has always paid

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Speaker 2: very close to attention to what the stock market says.

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Speaker 2: In fact, there's some old tweet of his that's like,

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Speaker 2: you know, if the stock market drops this much two

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Speaker 2: days in a row, that.

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Speaker 4: President should be impeached.

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Speaker 2: That people have been circulating around here soccer. It made

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Speaker 2: me think back to his speech this week and what

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Speaker 2: we talked about that the front part was really frontloaded

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Speaker 2: with the and that's, you know, the first part is

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Speaker 2: what most people will stick around and watch, and then

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Speaker 2: you'll see the clips that circulate after the fact. But

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Speaker 2: that first portion of the speech really frontloaded with culture war.

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Speaker 2: If anything, it feels much more like Elon is the

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Speaker 2: mover and shaker on the pieces relevant to most directly

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Speaker 2: relevant to the economy. Now that sort of changes with

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Speaker 2: Trump stepping up and instituting these tariffs, but changes in

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Speaker 2: an even more negative way because the tariffs are pretty

440
00:20:28,600 --> 00:20:31,280
Speaker 2: unpopular when you look at what people want him to

441
00:20:31,280 --> 00:20:34,720
Speaker 2: be focusing on, which is getting prices down, not issuing

442
00:20:34,760 --> 00:20:37,760
Speaker 2: tariffs that are very likely to raise prices even further

443
00:20:37,840 --> 00:20:38,600
Speaker 2: than they already are.

444
00:20:38,840 --> 00:20:41,439
Speaker 3: Yeah, and just again like if it was part of

445
00:20:41,480 --> 00:20:46,200
Speaker 3: a major strategy, then okay, then people may be willing

446
00:20:46,240 --> 00:20:47,639
Speaker 3: to put up with it. No, although I'm not so

447
00:20:47,720 --> 00:20:51,199
Speaker 3: sure because the real reaction that we've seen currently, I

448
00:20:51,200 --> 00:20:53,520
Speaker 3: mean that poll really tells the truth. They go, even

449
00:20:53,560 --> 00:20:55,720
Speaker 3: if prices increase, most Americans just don't want to put

450
00:20:55,760 --> 00:20:56,040
Speaker 3: up with it.

451
00:20:56,080 --> 00:20:57,760
Speaker 1: I can't say I blame them, you know, I get it.

452
00:20:58,160 --> 00:21:00,639
Speaker 3: I would make a case for why it would be

453
00:21:00,680 --> 00:21:03,280
Speaker 3: worth it and perhaps some ways to mitigate all of

454
00:21:03,280 --> 00:21:05,200
Speaker 3: that pain. But the problem is is that that's not

455
00:21:05,240 --> 00:21:07,680
Speaker 3: what the White House is saying right now. And I've

456
00:21:07,680 --> 00:21:11,240
Speaker 3: really become convinced that this is an existential problem for

457
00:21:11,600 --> 00:21:14,920
Speaker 3: all of them, because without that message and without that

458
00:21:15,160 --> 00:21:19,199
Speaker 3: FDR like feeling of I am doing something for you,

459
00:21:19,200 --> 00:21:21,240
Speaker 3: you were just going to end up like Joe Biden.

460
00:21:21,359 --> 00:21:23,960
Speaker 3: And let's go ahead to the Atlanta FED because this

461
00:21:24,119 --> 00:21:27,879
Speaker 3: was the most important actually indicator out of them alls

462
00:21:27,880 --> 00:21:30,080
Speaker 3: put it up there please on the screen, which is

463
00:21:30,080 --> 00:21:34,680
Speaker 3: that their GDP model now forecast has actually been revised

464
00:21:34,760 --> 00:21:37,439
Speaker 3: for the first quarter of twenty twenty five down to

465
00:21:37,680 --> 00:21:41,399
Speaker 3: minus two point eight percent. So that is one where

466
00:21:41,520 --> 00:21:47,520
Speaker 3: economic contraction combined with consumer sentiment plunging over tariffs and

467
00:21:47,720 --> 00:21:53,960
Speaker 3: of uncertainty, also combined with persistent high inflation, all three

468
00:21:54,000 --> 00:21:56,479
Speaker 3: of those things, not to mention flat unemployment, which we're

469
00:21:56,520 --> 00:21:59,040
Speaker 3: about to get to in a second, that is a

470
00:21:59,080 --> 00:22:02,600
Speaker 3: recipe for disaster. And so, as I have said here,

471
00:22:02,880 --> 00:22:06,119
Speaker 3: you have some runway America is listening. That's one of

472
00:22:06,119 --> 00:22:08,920
Speaker 3: the more interesting things that you and I have seen

473
00:22:09,119 --> 00:22:12,119
Speaker 3: is that the amount of interest in news left and

474
00:22:12,200 --> 00:22:14,760
Speaker 3: right remains sky high right now. So it's not like

475
00:22:14,800 --> 00:22:17,760
Speaker 3: people are not paying attention and they're generally willing to

476
00:22:17,760 --> 00:22:19,400
Speaker 3: give you the benefit of the doubt in the first

477
00:22:19,520 --> 00:22:21,680
Speaker 3: hundred days or so. But you have a very very

478
00:22:21,680 --> 00:22:24,840
Speaker 3: short period before some serious stuff is about to start

479
00:22:25,040 --> 00:22:28,040
Speaker 3: hitting you politically. And the biggest danger I see for

480
00:22:28,040 --> 00:22:32,000
Speaker 3: the Republicans is, let's say things just continue down this

481
00:22:32,119 --> 00:22:34,280
Speaker 3: road for the first hundred days. Well, Crystal, you and

482
00:22:34,320 --> 00:22:36,560
Speaker 3: I know what is the first major thing they're going

483
00:22:36,640 --> 00:22:38,520
Speaker 3: to do after the first hundred days, they're going to

484
00:22:38,520 --> 00:22:42,359
Speaker 3: pass the Republican tax bill, that tax bill which massively

485
00:22:42,480 --> 00:22:46,800
Speaker 3: increases or the current tax cuts for large corporations and

486
00:22:46,840 --> 00:22:47,480
Speaker 3: for rich people.

487
00:22:47,520 --> 00:22:49,200
Speaker 1: Let's be honest here, Let's be honest, right.

488
00:22:49,280 --> 00:22:51,680
Speaker 3: They made a case for it back in twenty seventeen,

489
00:22:51,680 --> 00:22:54,160
Speaker 3: and they haven't really reduced from it. So that, as

490
00:22:54,200 --> 00:22:56,720
Speaker 3: I always say, the lowest day of Donald Trump's presidency

491
00:22:56,760 --> 00:22:58,760
Speaker 3: in terms of approval rating was the day that that

492
00:22:58,800 --> 00:23:02,040
Speaker 3: tax bill pass. Well, if you combine that with persistent

493
00:23:02,080 --> 00:23:06,200
Speaker 3: high inflation, with the economic contraction, with unemployment, inflation, etc.

494
00:23:06,720 --> 00:23:10,240
Speaker 3: Well plus the tax bill, that is a recipe really

495
00:23:10,359 --> 00:23:13,880
Speaker 3: for a George W. Bush style pushback even after you've

496
00:23:13,920 --> 00:23:18,400
Speaker 3: won the popular vote. Bush basically nuked his presidency over

497
00:23:18,440 --> 00:23:21,400
Speaker 3: trying to privatize Social Security, Andy Rock and I haven't

498
00:23:21,400 --> 00:23:25,440
Speaker 3: even mentioned any potential crisis. It's all just floating out

499
00:23:25,480 --> 00:23:28,080
Speaker 3: there right now. Hurricane season, you know, it's not that

500
00:23:28,160 --> 00:23:30,840
Speaker 3: far away, could be right around the same time as

501
00:23:30,840 --> 00:23:31,400
Speaker 3: the tax bill.

502
00:23:31,440 --> 00:23:34,199
Speaker 1: The optics would be a disaster if anything like that.

503
00:23:34,240 --> 00:23:36,679
Speaker 3: And who in you and I know the global system

504
00:23:36,720 --> 00:23:40,840
Speaker 3: is very uncertain Ukraine obviously, but Gaza, I mean that

505
00:23:40,880 --> 00:23:44,800
Speaker 3: could start up any minute now. It already has escalated

506
00:23:44,880 --> 00:23:47,320
Speaker 3: a bit with the Israelis cutting off AID. There could

507
00:23:47,400 --> 00:23:51,879
Speaker 3: be any sort of terrorist attack, anything, some sort of

508
00:23:51,920 --> 00:23:54,800
Speaker 3: major shock to the global system. So with all of

509
00:23:54,880 --> 00:23:59,080
Speaker 3: us uncertainty right now and these economic problems, people want

510
00:23:59,119 --> 00:24:00,560
Speaker 3: to feel as if there's a st at, a hand

511
00:24:00,840 --> 00:24:02,720
Speaker 3: on the wheel. I don't think that they're getting that

512
00:24:02,880 --> 00:24:04,720
Speaker 3: right now, and I think that remains a big.

513
00:24:04,600 --> 00:24:05,359
Speaker 1: Problem for Trump.

514
00:24:06,040 --> 00:24:06,359
Speaker 4: Yeah.

515
00:24:06,480 --> 00:24:09,240
Speaker 2: I mean, you have terrists that are likely to spike prices.

516
00:24:09,760 --> 00:24:13,360
Speaker 2: You have GDP growth dropping, potentially going negative. I mean

517
00:24:13,359 --> 00:24:16,200
Speaker 2: that is the definition of stagflation, which is the most

518
00:24:16,200 --> 00:24:20,240
Speaker 2: disastrous economic situation that you could imagine. And then the

519
00:24:20,280 --> 00:24:23,159
Speaker 2: GOP economic priorities are tax cuts for the rich and

520
00:24:23,200 --> 00:24:27,000
Speaker 2: cutting social safety net programs. There was a new report

521
00:24:27,000 --> 00:24:30,000
Speaker 2: out from the CBO, the Congressional Budget Office that says

522
00:24:30,040 --> 00:24:33,400
Speaker 2: what you and Izager obviously already knew, which is that

523
00:24:33,720 --> 00:24:36,720
Speaker 2: the amount of cuts that Republicans are pushing, there is

524
00:24:36,800 --> 00:24:39,960
Speaker 2: no way to achieve them without cutting Medicaid or Medicare,

525
00:24:40,040 --> 00:24:42,160
Speaker 2: and we know Medicaid has been in their sits in particular.

526
00:24:42,480 --> 00:24:45,119
Speaker 2: So you got the richest man on the planet who's

527
00:24:45,160 --> 00:24:48,840
Speaker 2: consolidated all this power you've got him giving himself contracts

528
00:24:48,880 --> 00:24:51,320
Speaker 2: and goodies. There's more updates on that on how he's

529
00:24:51,359 --> 00:24:55,000
Speaker 2: finding more money for and more contracts for Starlink, seemingly

530
00:24:55,080 --> 00:24:58,840
Speaker 2: every day at the same time that you're pursuing this agenda.

531
00:24:59,160 --> 00:25:01,679
Speaker 2: That's great for rich pe that's great if you want you,

532
00:25:01,720 --> 00:25:04,199
Speaker 2: if you're wealthy, if your big corporation, you want your

533
00:25:04,240 --> 00:25:06,760
Speaker 2: tax cut, and it's terrible for ordinary people who are

534
00:25:06,800 --> 00:25:09,399
Speaker 2: already suffering and who many of whom voted in this

535
00:25:09,440 --> 00:25:12,760
Speaker 2: election because they thought Trump as a businessman, would do

536
00:25:12,840 --> 00:25:15,280
Speaker 2: a better job manning to be managing the economy, and

537
00:25:15,280 --> 00:25:17,480
Speaker 2: they remembered back to his first term and felt like

538
00:25:17,520 --> 00:25:21,240
Speaker 2: they were personally doing better, especially because prices were lower

539
00:25:21,280 --> 00:25:24,080
Speaker 2: at that time and their dollar was able to go further.

540
00:25:24,720 --> 00:25:25,560
Speaker 4: We alluded to this.

541
00:25:25,600 --> 00:25:28,720
Speaker 2: We've got another negative indicator here that's significant. This is

542
00:25:28,760 --> 00:25:32,560
Speaker 2: the ADP Jobs Report. Could put this up on the screen.

543
00:25:32,600 --> 00:25:36,160
Speaker 2: So companies added just seventy seven thousand new workers for

544
00:25:36,240 --> 00:25:38,600
Speaker 2: the last month. This is the chart showing at that

545
00:25:38,960 --> 00:25:42,080
Speaker 2: last little blue bar there that's really quite low in

546
00:25:42,119 --> 00:25:44,760
Speaker 2: comparison to the other blue bars on the chart.

547
00:25:45,000 --> 00:25:45,880
Speaker 4: That's where we are.

548
00:25:46,240 --> 00:25:50,000
Speaker 2: That's also a lot less than what January was one

549
00:25:50,480 --> 00:25:52,879
Speaker 2: hundred and eighty six thousand, and it was much below

550
00:25:53,200 --> 00:25:57,919
Speaker 2: the estimate of one hundred and forty eight thousand jobs added. So,

551
00:25:58,200 --> 00:26:00,399
Speaker 2: you know, this is something Ryan's been talking about out

552
00:26:00,440 --> 00:26:05,199
Speaker 2: how all of the federal government cuts. It doesn't just

553
00:26:05,440 --> 00:26:09,960
Speaker 2: impact those particular people who get fired. You end up

554
00:26:10,000 --> 00:26:13,200
Speaker 2: with universities freezing firing, You end up with the healthcare

555
00:26:13,240 --> 00:26:16,560
Speaker 2: system freezing hiring. You end up with an economy that's

556
00:26:16,600 --> 00:26:19,679
Speaker 2: just kind of on standstill as people wait and see

557
00:26:19,760 --> 00:26:22,680
Speaker 2: what the reverberations and what the ripple effects are ultimately

558
00:26:22,720 --> 00:26:25,920
Speaker 2: going to be. You add to that consumer confidences down.

559
00:26:25,920 --> 00:26:28,360
Speaker 2: I know, Target came out and said that they're spending

560
00:26:28,640 --> 00:26:32,680
Speaker 2: their revenue was soft in the past month as well,

561
00:26:32,760 --> 00:26:35,199
Speaker 2: So you've got a lot of indications that consumers are

562
00:26:35,200 --> 00:26:38,120
Speaker 2: pulling back and getting really nervous as well. And when

563
00:26:38,160 --> 00:26:41,400
Speaker 2: you ask consumers what their expectations are for both job

564
00:26:41,440 --> 00:26:45,600
Speaker 2: losses and for inflation, they are expecting things to turn

565
00:26:45,680 --> 00:26:48,800
Speaker 2: south this year as well. And to be honest with you,

566
00:26:48,880 --> 00:26:50,640
Speaker 2: I feel like the American people have been better at

567
00:26:50,680 --> 00:26:54,040
Speaker 2: understanding prediction predicting the economy than many of the analysts

568
00:26:54,080 --> 00:26:54,440
Speaker 2: who do.

569
00:26:54,400 --> 00:26:54,960
Speaker 4: This for a living.

570
00:26:55,240 --> 00:26:56,040
Speaker 1: Yeah, good point.

571
00:26:56,119 --> 00:26:58,399
Speaker 3: I mean, because they feel it and you can just

572
00:26:58,440 --> 00:27:01,639
Speaker 3: really look around, I will say, you know, thermostatic public

573
00:27:01,680 --> 00:27:04,080
Speaker 3: opinion is also a hell of a drug. I was

574
00:27:04,160 --> 00:27:07,160
Speaker 3: just looking the other day at approval for the economy,

575
00:27:07,160 --> 00:27:09,680
Speaker 3: and the day that Trump took office, Republicans went from

576
00:27:09,720 --> 00:27:12,280
Speaker 3: net negative to net positive, and their approval of the

577
00:27:12,320 --> 00:27:15,480
Speaker 3: economy Democrats went from net positive to net negative. So

578
00:27:15,520 --> 00:27:17,600
Speaker 3: there's a lot of vibes talk out there as well.

579
00:27:17,680 --> 00:27:20,480
Speaker 3: If we're all being honest, let's all be honest. That's

580
00:27:20,720 --> 00:27:24,399
Speaker 3: I remember looking at economic data and Arizona during the

581
00:27:24,720 --> 00:27:27,560
Speaker 3: right before the election, where if people were asked, how

582
00:27:27,640 --> 00:27:29,560
Speaker 3: is your state doing, they would be like, oh, plus

583
00:27:29,600 --> 00:27:32,720
Speaker 3: twenty five percent? Things are great, it's boom times here

584
00:27:33,000 --> 00:27:34,960
Speaker 3: down in Arizona. They're like, how is America doing it?

585
00:27:34,960 --> 00:27:37,240
Speaker 3: They're like, oh, it's a disaster, and you're like, well,

586
00:27:37,440 --> 00:27:39,720
Speaker 3: the moment that Trump gets elected, they're like, oh, it's

587
00:27:39,720 --> 00:27:42,760
Speaker 3: just we're booming. America's back for business again. So just

588
00:27:43,119 --> 00:27:44,720
Speaker 3: saying partisanship is also a.

589
00:27:44,640 --> 00:27:45,320
Speaker 1: Hell of a drug.

590
00:27:45,520 --> 00:27:47,800
Speaker 3: Let's put this next one up here on the screen

591
00:27:47,960 --> 00:27:50,160
Speaker 3: of This is about the stock market. This is something

592
00:27:50,280 --> 00:27:53,080
Speaker 3: I've been warning about here for quite some time from

593
00:27:53,080 --> 00:27:55,960
Speaker 3: the Financial Times, the US has quote to nearly two

594
00:27:56,040 --> 00:27:59,640
Speaker 3: thirds of global equity market value. But they say, analysts

595
00:27:59,640 --> 00:28:02,760
Speaker 3: are seen danger in the huge bet on AI.

596
00:28:03,040 --> 00:28:05,240
Speaker 1: So they say, if you hold a.

597
00:28:05,240 --> 00:28:08,440
Speaker 3: Global tracker by definition, then two thirds of that is

598
00:28:08,480 --> 00:28:11,440
Speaker 3: the United States and a lot of that is Silicon

599
00:28:11,560 --> 00:28:14,760
Speaker 3: Valley specifically. That means you are very vulnerable to this

600
00:28:14,880 --> 00:28:19,840
Speaker 3: huge bet on AI. Now, our economy has significantly benefited

601
00:28:20,000 --> 00:28:22,520
Speaker 3: from the fact that these tech stocks have gone vertical

602
00:28:22,560 --> 00:28:25,680
Speaker 3: since two thousand and eight. That's how a huge portion

603
00:28:25,880 --> 00:28:29,280
Speaker 3: of Americans who do have assets, who are not asset

604
00:28:29,359 --> 00:28:33,160
Speaker 3: light individuals or persons inflicted with asset lightness have been

605
00:28:33,280 --> 00:28:38,120
Speaker 3: able to capture some value and actually be able to

606
00:28:38,280 --> 00:28:41,000
Speaker 3: retire with these great year over year gains in the

607
00:28:41,080 --> 00:28:43,280
Speaker 3: S and P five hundred. But the real issue is

608
00:28:43,280 --> 00:28:46,280
Speaker 3: that over the last five years, in particular, this huge

609
00:28:46,320 --> 00:28:50,840
Speaker 3: explosion of value in these technology stocks means that Americans

610
00:28:50,840 --> 00:28:54,440
Speaker 3: are very exposed to any correction, even a modest ten

611
00:28:54,480 --> 00:28:57,560
Speaker 3: to twenty percent correction in the technology sector, which would

612
00:28:57,560 --> 00:29:01,480
Speaker 3: have massive ramifications for the economy. It would mean unemployment,

613
00:29:01,560 --> 00:29:03,840
Speaker 3: it would mean change to federal reserve. So it's not

614
00:29:03,880 --> 00:29:06,440
Speaker 3: just something that would affect tech employees. It would affect

615
00:29:06,480 --> 00:29:09,160
Speaker 3: all of us, There's no question about it. And really

616
00:29:09,200 --> 00:29:12,120
Speaker 3: that's what they're appointing to right now with the current

617
00:29:12,160 --> 00:29:15,960
Speaker 3: stock market and with all of these bigger questions too.

618
00:29:16,480 --> 00:29:20,720
Speaker 3: About an Nvidia which currently saw a huge reduction the

619
00:29:20,760 --> 00:29:22,760
Speaker 3: other day, we didn't get a chance to talk about it,

620
00:29:22,800 --> 00:29:25,440
Speaker 3: but it was really because there are indications of how

621
00:29:25,520 --> 00:29:29,360
Speaker 3: much they are currently inverting export controls to China, and

622
00:29:29,400 --> 00:29:33,360
Speaker 3: so actually just enforcing US law huge impact there on

623
00:29:33,520 --> 00:29:36,400
Speaker 3: end video. So you've got geopolitical attentions, you got the

624
00:29:36,400 --> 00:29:39,360
Speaker 3: whole deep Seek thing in terms of efficiency, and then

625
00:29:39,400 --> 00:29:43,440
Speaker 3: you still have these companies just pouring hundreds of billions

626
00:29:43,440 --> 00:29:48,400
Speaker 3: of dollars into AI development every single quarter. Now they're

627
00:29:48,440 --> 00:29:50,040
Speaker 3: doing that for a reason, and we're about to get

628
00:29:50,040 --> 00:29:52,160
Speaker 3: to that in a little bit. But you know, if

629
00:29:52,160 --> 00:29:54,800
Speaker 3: that comes up short, it could have serious problems. We

630
00:29:54,840 --> 00:29:56,840
Speaker 3: could be in for a bad five years, is what

631
00:29:56,880 --> 00:29:57,440
Speaker 3: I would say.

632
00:29:57,920 --> 00:29:59,840
Speaker 2: Well, and it doesn't even have to come up short.

633
00:30:00,080 --> 00:30:02,880
Speaker 2: It just can be that, you know, deep Seek and

634
00:30:03,200 --> 00:30:07,560
Speaker 2: other open platforms are able to suck up a lot

635
00:30:07,560 --> 00:30:10,240
Speaker 2: of the value as well, So it could even be

636
00:30:10,400 --> 00:30:13,000
Speaker 2: that it's not that they underperform in terms of their

637
00:30:13,000 --> 00:30:16,680
Speaker 2: technological development. It's just that there's far more global competition

638
00:30:17,000 --> 00:30:19,560
Speaker 2: than has anticipated. I mean, I'm quite convinced that we

639
00:30:19,680 --> 00:30:22,640
Speaker 2: are in a bubble. Just a question to me of

640
00:30:22,720 --> 00:30:24,800
Speaker 2: whether or not that bubble is going to pop and

641
00:30:24,880 --> 00:30:27,719
Speaker 2: the lengths that politicians will certainly go to to make

642
00:30:27,760 --> 00:30:31,600
Speaker 2: sure that the stock market continues to churn, because that's

643
00:30:31,680 --> 00:30:34,200
Speaker 2: you know, that's been a goal, in a priority obviously

644
00:30:34,280 --> 00:30:37,400
Speaker 2: for many years now. But we talk about the Magnificent

645
00:30:37,600 --> 00:30:40,920
Speaker 2: seven group of stocks, and you're talking about how dominant

646
00:30:40,920 --> 00:30:44,040
Speaker 2: the tech sector is. That's Apple, Alphabet, Amazon, Meta, Microsoft,

647
00:30:44,120 --> 00:30:47,800
Speaker 2: nvidiaan Tesla. They hold almost a third of the S

648
00:30:47,880 --> 00:30:51,840
Speaker 2: and P five hundred's market value, and this article points

649
00:30:51,880 --> 00:30:55,840
Speaker 2: out that the price to earnings ratio of that index

650
00:30:56,400 --> 00:31:00,000
Speaker 2: is at its highest level since the early two thousand

651
00:31:00,040 --> 00:31:03,040
Speaker 2: since yep, you guys remember what happened to the early

652
00:31:03,040 --> 00:31:05,560
Speaker 2: two thousands. That's when you had the dot com bubble

653
00:31:05,600 --> 00:31:08,880
Speaker 2: and ultimate crash. So again, they're going to keep trying

654
00:31:08,880 --> 00:31:11,400
Speaker 2: to do what they can to keep the stock market inflated.

655
00:31:11,760 --> 00:31:15,440
Speaker 2: But I don't to me, it's pretty undeniable that we

656
00:31:15,600 --> 00:31:18,719
Speaker 2: are in a fairly significant bubble, and the fact that

657
00:31:18,760 --> 00:31:24,000
Speaker 2: these handful of companies comprises such a large portion of

658
00:31:24,120 --> 00:31:27,520
Speaker 2: the stock index, and that that stock index comprises such

659
00:31:27,560 --> 00:31:31,440
Speaker 2: a large portion of the overall market activity is another

660
00:31:31,720 --> 00:31:35,640
Speaker 2: just looming massive risk and exposure as we're looking at

661
00:31:35,640 --> 00:31:37,440
Speaker 2: these things. And this is a good segue too into

662
00:31:37,440 --> 00:31:40,600
Speaker 2: our next segment, which is specifically about AI and where

663
00:31:40,600 --> 00:31:42,640
Speaker 2: we're headed with that, which is also kind of terrifying.

664
00:31:44,240 --> 00:31:46,200
Speaker 1: Yes, artificial general intelligence.

665
00:31:46,200 --> 00:31:48,600
Speaker 3: So Azra Klein over at the New York Times just

666
00:31:48,680 --> 00:31:51,720
Speaker 3: had a really good interview with Benby Cannon, and he

667
00:31:51,800 --> 00:31:54,280
Speaker 3: was a White House advisor on AI and a professor

668
00:31:54,640 --> 00:31:57,960
Speaker 3: at Georgetown, and he has a prediction that AGI, artificial

669
00:31:58,000 --> 00:32:02,440
Speaker 3: general intelligence is in the Trump administration. I will say,

670
00:32:02,800 --> 00:32:05,720
Speaker 3: if you watched our coverage during the inauguration, I'm pretty

671
00:32:05,720 --> 00:32:07,800
Speaker 3: sure we were both talking about that and we're like, listen,

672
00:32:07,840 --> 00:32:11,240
Speaker 3: you know, all of this doge everything it could be

673
00:32:11,360 --> 00:32:14,360
Speaker 3: could be a footnote to what the actual story of

674
00:32:14,400 --> 00:32:17,840
Speaker 3: the entire Trump administration actually is, which is the development

675
00:32:18,000 --> 00:32:21,000
Speaker 3: of artificial general intelligence. Just as when people go back

676
00:32:21,200 --> 00:32:23,600
Speaker 3: and write the history of the first Trump term, it'll

677
00:32:23,640 --> 00:32:26,760
Speaker 3: be the Trump Revolution of twenty sixteen and COVID.

678
00:32:26,480 --> 00:32:27,360
Speaker 1: Those are the two things.

679
00:32:27,400 --> 00:32:30,200
Speaker 3: It probably the most important things actually came out of

680
00:32:30,240 --> 00:32:33,320
Speaker 3: those years in retrospect. So let's take a listen here

681
00:32:33,440 --> 00:32:36,800
Speaker 3: to some of ben By Cannon's analysis on artificial general intelligence,

682
00:32:36,920 --> 00:32:40,200
Speaker 3: his predictions, and also some of the major policy implications

683
00:32:40,200 --> 00:32:40,640
Speaker 3: behind it.

684
00:32:41,240 --> 00:32:42,760
Speaker 9: So it sort of pretty big off on this question

685
00:32:42,800 --> 00:32:44,600
Speaker 9: a little bit. By saying you're not a labor economist,

686
00:32:45,240 --> 00:32:45,840
Speaker 9: I will say.

687
00:32:45,680 --> 00:32:47,160
Speaker 10: That I have not a labor economist here or not.

688
00:32:47,280 --> 00:32:49,040
Speaker 9: I will promise you the labor economists do not know

689
00:32:49,040 --> 00:32:50,880
Speaker 9: what to do about AI. Yeah, you were the pop

690
00:32:50,880 --> 00:32:54,800
Speaker 9: advisor for AI. You were at the nerve center of

691
00:32:54,840 --> 00:33:01,040
Speaker 9: the government's information about what is coming. If this is

692
00:33:01,800 --> 00:33:04,800
Speaker 9: half as big as you seem to think it is,

693
00:33:05,880 --> 00:33:08,440
Speaker 9: it's going to be the single most disruptive thing to

694
00:33:08,520 --> 00:33:13,680
Speaker 9: hit labor markets ever, given how compress the time period

695
00:33:13,680 --> 00:33:15,440
Speaker 9: in which it will arrive. This right, It took a

696
00:33:15,440 --> 00:33:18,560
Speaker 9: long time to lay down electricity, it took a long

697
00:33:18,600 --> 00:33:20,000
Speaker 9: time to build railroads.

698
00:33:20,480 --> 00:33:21,920
Speaker 10: I think that is basically true, But I want to

699
00:33:21,920 --> 00:33:23,360
Speaker 10: push back a little bit. So I do think we

700
00:33:23,400 --> 00:33:26,000
Speaker 10: are going to see dynamic in which it will hit

701
00:33:26,040 --> 00:33:28,560
Speaker 10: parts of the economy first. It will hit certain firms first,

702
00:33:28,720 --> 00:33:31,240
Speaker 10: but it will be an uneven distribution process.

703
00:33:31,240 --> 00:33:33,000
Speaker 9: I think it will be uneven, and that's I think

704
00:33:33,040 --> 00:33:35,960
Speaker 9: what will be destabilizing about it in part. Right, if

705
00:33:35,960 --> 00:33:39,040
Speaker 9: it were just even, then you might just come up

706
00:33:39,040 --> 00:33:41,120
Speaker 9: with an even policy to do something about it. Sure

707
00:33:41,320 --> 00:33:43,160
Speaker 9: you must have heard somebody think about this. You guys

708
00:33:43,200 --> 00:33:43,720
Speaker 9: must have talked.

709
00:33:43,920 --> 00:33:46,960
Speaker 10: Yeah, we did talk to economists and try to texture

710
00:33:47,000 --> 00:33:49,640
Speaker 10: this debate in twenty three and twenty four. I think

711
00:33:50,080 --> 00:33:52,000
Speaker 10: the trend line is even clearer now than it was then.

712
00:33:52,040 --> 00:33:53,240
Speaker 10: I think we knew this was not gonna be a

713
00:33:53,240 --> 00:33:56,120
Speaker 10: twenty three and twenty four question. Frankly, to do anything

714
00:33:56,200 --> 00:33:58,280
Speaker 10: robust about this, it's going to require Congress, and that

715
00:33:58,360 --> 00:34:00,760
Speaker 10: was just not in the cards at all. So it

716
00:34:00,800 --> 00:34:03,600
Speaker 10: was more of an intellectual exercise than it was a policy.

717
00:34:03,640 --> 00:34:06,960
Speaker 9: Policies begin as intellectual exercises. Yeah, yeah, this is a

718
00:34:07,000 --> 00:34:08,480
Speaker 9: kind of like. The ways that I'm pushing on this

719
00:34:08,600 --> 00:34:11,120
Speaker 9: is that we have been talking about this, seeing this

720
00:34:11,200 --> 00:34:13,799
Speaker 9: coming for a while. And I will say that as

721
00:34:13,840 --> 00:34:15,880
Speaker 9: I look around, I do not see a lot of

722
00:34:16,360 --> 00:34:18,680
Speaker 9: useful thinking here. And I grant that we don't know

723
00:34:18,719 --> 00:34:20,680
Speaker 9: the shape of it. At the very least, I would

724
00:34:20,719 --> 00:34:22,879
Speaker 9: like to see some ideas on the shelf for if

725
00:34:22,880 --> 00:34:25,520
Speaker 9: the disruptions are severe, what we should think about doing.

726
00:34:25,640 --> 00:34:28,440
Speaker 9: Does everybody move into the trades? What were the intellectual

727
00:34:28,440 --> 00:34:31,439
Speaker 9: thought exercises that all these smart people at the White

728
00:34:31,440 --> 00:34:33,600
Speaker 9: House who believe this was coming. You know, what were

729
00:34:33,600 --> 00:34:33,960
Speaker 9: you saying?

730
00:34:34,440 --> 00:34:34,520
Speaker 4: So?

731
00:34:34,680 --> 00:34:38,160
Speaker 10: I think, yes, we were thinking about this question. I

732
00:34:38,160 --> 00:34:39,360
Speaker 10: think we knew it was not going to be a

733
00:34:39,440 --> 00:34:42,160
Speaker 10: question we were going to confront in the president's term.

734
00:34:42,719 --> 00:34:44,839
Speaker 9: I guess I'm trying to push like, was this not

735
00:34:44,920 --> 00:34:47,840
Speaker 9: being talked about? There were no meetings, there were no

736
00:34:48,040 --> 00:34:50,680
Speaker 9: you guys didn't have claud write up a brief of options.

737
00:34:50,719 --> 00:34:52,640
Speaker 10: Well, you know, we definitely didn't have Claude Ripe a

738
00:34:52,640 --> 00:34:54,919
Speaker 10: brief because we had to get over government use of AI.

739
00:34:55,600 --> 00:34:58,320
Speaker 9: See, but that's like itself slightly damning.

740
00:34:59,080 --> 00:35:03,080
Speaker 10: Yeah, I mean, I I think, you know, I agree

741
00:35:03,120 --> 00:35:04,759
Speaker 10: that the government has to be more forward leaning on

742
00:35:04,800 --> 00:35:06,040
Speaker 10: basically all of these dimensions.

743
00:35:06,080 --> 00:35:07,920
Speaker 9: You sit down with somebody and you start the conversation

744
00:35:08,000 --> 00:35:12,040
Speaker 9: and like, the most transformative technology perhaps in human history,

745
00:35:12,880 --> 00:35:16,879
Speaker 9: is landing into human civilization in a two to three

746
00:35:16,920 --> 00:35:20,360
Speaker 9: year time frame, and you say, wow, that seems like

747
00:35:20,400 --> 00:35:24,399
Speaker 9: a really big deal. What should we do? And then

748
00:35:24,480 --> 00:35:27,520
Speaker 9: things get a little hazy right now. Maybe we just

749
00:35:27,560 --> 00:35:29,319
Speaker 9: don't know. But what I've heard you kind of say

750
00:35:29,320 --> 00:35:31,359
Speaker 9: a bunch of times is like, look, we have done

751
00:35:31,480 --> 00:35:34,520
Speaker 9: very little to hold this technology back. Everything is voluntary,

752
00:35:34,640 --> 00:35:36,040
Speaker 9: you know. The only thing we asked was a sharing

753
00:35:36,040 --> 00:35:40,040
Speaker 9: of safety data. You know, now income the accelerationists, you know,

754
00:35:40,239 --> 00:35:45,200
Speaker 9: Mark Andreson has criticized you guys extremely straightforwardly. Is this

755
00:35:45,280 --> 00:35:50,040
Speaker 9: policy debate about anything? Is it just the sentiment of

756
00:35:50,080 --> 00:35:55,640
Speaker 9: the rhetoric? Right like, if it's so big, but nobody

757
00:35:55,640 --> 00:35:57,480
Speaker 9: can quite explain what it is we need to do

758
00:35:57,640 --> 00:36:00,759
Speaker 9: or talk about, except for maybe export control is like,

759
00:36:01,360 --> 00:36:03,200
Speaker 9: are we just not thinking creatively enough? Is it just

760
00:36:03,239 --> 00:36:03,640
Speaker 9: not time?

761
00:36:04,360 --> 00:36:06,120
Speaker 1: So I thought that that was a very good exchange.

762
00:36:06,120 --> 00:36:09,279
Speaker 3: Our producer Griffin cut that together because what Ezra keeps

763
00:36:09,280 --> 00:36:10,840
Speaker 3: trying to get at is he's like, so, did you

764
00:36:10,920 --> 00:36:14,319
Speaker 3: guys think about this at all? And the answer was like, no,

765
00:36:14,400 --> 00:36:17,319
Speaker 3: not really in terms of how it's all going to come.

766
00:36:17,360 --> 00:36:19,920
Speaker 1: And here's the thing, I don't think very much has changed. Now.

767
00:36:20,120 --> 00:36:22,319
Speaker 3: There are some great people who are working in the

768
00:36:22,320 --> 00:36:26,360
Speaker 3: White House, people like Shri Ram Krishnan or a few others,

769
00:36:26,400 --> 00:36:29,000
Speaker 3: But that's one person I mean, is this being discussed

770
00:36:29,000 --> 00:36:32,480
Speaker 3: at like the very highest levels and beyond that, you know,

771
00:36:32,520 --> 00:36:34,439
Speaker 3: it's not just up to the White House. This would

772
00:36:34,520 --> 00:36:37,960
Speaker 3: be a whole of government Congress approach if we're going

773
00:36:38,040 --> 00:36:41,320
Speaker 3: to even think about rules and guidelines for the future.

774
00:36:41,360 --> 00:36:43,600
Speaker 3: And I think the biggest worry right now, and this

775
00:36:43,680 --> 00:36:46,719
Speaker 3: is actually fundamentally what's so crazy about AI, is that

776
00:36:46,800 --> 00:36:49,719
Speaker 3: the breakthrough is most likely to come, at least in

777
00:36:49,760 --> 00:36:53,360
Speaker 3: America in a pre existing technology monopoly. So if you

778
00:36:53,400 --> 00:36:56,120
Speaker 3: look at all of these other breakthrough technologies, they can

779
00:36:56,160 --> 00:36:59,480
Speaker 3: come from outside competitor. They don't necessarily come from you know,

780
00:36:59,480 --> 00:37:02,360
Speaker 3: everyone a famously says like, oh, Kodak invented the digital camera,

781
00:37:02,440 --> 00:37:04,040
Speaker 3: but you know they put it to the shelf because

782
00:37:04,040 --> 00:37:06,720
Speaker 3: they want to disrupt themselves. These guys are all actually

783
00:37:06,719 --> 00:37:08,920
Speaker 3: aware of that, and they're the ones who are pumping

784
00:37:09,200 --> 00:37:11,560
Speaker 3: all the money into this tech, and it's not necessarily

785
00:37:11,880 --> 00:37:14,839
Speaker 3: some new value capture startup or something that would be

786
00:37:15,000 --> 00:37:16,240
Speaker 3: the break I think that probably.

787
00:37:16,040 --> 00:37:18,160
Speaker 1: Has to do more with AI economics.

788
00:37:18,160 --> 00:37:19,760
Speaker 3: But I think that's part of why I'm so worried,

789
00:37:20,080 --> 00:37:22,280
Speaker 3: is that if you give these people already have immense

790
00:37:22,320 --> 00:37:25,520
Speaker 3: power even more immense power basic control over the whole

791
00:37:25,760 --> 00:37:28,279
Speaker 3: US labor market. I think that's the really terrifying part

792
00:37:28,400 --> 00:37:29,280
Speaker 3: behind the development.

793
00:37:30,160 --> 00:37:33,400
Speaker 2: There's a lot about this that like gives me panic attacks,

794
00:37:33,520 --> 00:37:35,719
Speaker 2: and listening to that. I listen to that whole podcast,

795
00:37:35,880 --> 00:37:39,960
Speaker 2: and it confirms my terror, which is that, you know,

796
00:37:40,040 --> 00:37:42,520
Speaker 2: even the people who are at the bleeding edge of

797
00:37:42,520 --> 00:37:46,680
Speaker 2: this really don't know exactly what it's going to do

798
00:37:46,800 --> 00:37:50,160
Speaker 2: to society and don't really have any answers about how

799
00:37:50,200 --> 00:37:54,279
Speaker 2: to address it. And I think everyone really needs to

800
00:37:54,280 --> 00:37:57,719
Speaker 2: wrap their head around the fact that the social contract

801
00:37:57,840 --> 00:38:01,120
Speaker 2: is going to need to be completely re written. And

802
00:38:01,440 --> 00:38:04,440
Speaker 2: I don't think that there is I get that it

803
00:38:04,560 --> 00:38:07,040
Speaker 2: is hard to fathom what this is going to mean.

804
00:38:07,480 --> 00:38:10,520
Speaker 2: It feels very like, oh, I use chat GPT and

805
00:38:10,520 --> 00:38:12,400
Speaker 2: it's fun to asking questions, just kind of like a

806
00:38:12,440 --> 00:38:13,120
Speaker 2: better Google.

807
00:38:13,600 --> 00:38:16,760
Speaker 4: But what is coming is something profoundly different.

808
00:38:16,840 --> 00:38:21,360
Speaker 2: And the goal is to automate, to use AGI to

809
00:38:21,440 --> 00:38:25,000
Speaker 2: basically make human intellectual labor irrelevant.

810
00:38:25,520 --> 00:38:28,319
Speaker 4: So what does that do to a society?

811
00:38:28,360 --> 00:38:30,880
Speaker 2: What does that do to the world when human beings

812
00:38:30,920 --> 00:38:35,239
Speaker 2: are no longer the most intelligent species on the planet. So,

813
00:38:35,600 --> 00:38:38,120
Speaker 2: you know, the Biden administration clearly didn't have any answers

814
00:38:38,120 --> 00:38:40,919
Speaker 2: for that, and I don't know that anyone. I mean,

815
00:38:41,120 --> 00:38:45,240
Speaker 2: at this point, there was these different factions in Silicon

816
00:38:45,320 --> 00:38:48,960
Speaker 2: Valley thinking about AI development, and you have people who

817
00:38:49,040 --> 00:38:51,520
Speaker 2: were like, you know, the AI safety people and people

818
00:38:51,520 --> 00:38:54,680
Speaker 2: who are dumers. I'm probably kind of in the Dumer camp,

819
00:38:55,040 --> 00:38:57,839
Speaker 2: and the acceleration ists at this point have just completely won.

820
00:38:58,120 --> 00:39:00,319
Speaker 2: And the idea is just like we're an a race

821
00:39:00,360 --> 00:39:03,239
Speaker 2: with China. We're going to throw as much money and

822
00:39:03,440 --> 00:39:06,080
Speaker 2: you know, effort in this into this as we possibly can.

823
00:39:06,120 --> 00:39:08,880
Speaker 2: We're going to develop it as quickly as possible, even

824
00:39:08,960 --> 00:39:12,319
Speaker 2: though the problem of what they call alignment has not

825
00:39:12,440 --> 00:39:13,200
Speaker 2: been solved.

826
00:39:13,520 --> 00:39:15,600
Speaker 4: An alignment is like a really.

827
00:39:15,520 --> 00:39:19,879
Speaker 2: Uh, sort of sterilized word, anti septic word for how

828
00:39:19,880 --> 00:39:22,000
Speaker 2: do we make sure that this AI isn't just going

829
00:39:22,080 --> 00:39:25,000
Speaker 2: to like decide to destroy us all or have catastrophic

830
00:39:25,040 --> 00:39:28,879
Speaker 2: consequences that we aren't envisioning. They haven't figured that out,

831
00:39:29,320 --> 00:39:32,640
Speaker 2: but they're still pushing forward. And sorry you're mentioning, you know,

832
00:39:32,840 --> 00:39:35,840
Speaker 2: this is going to come from likely from some big

833
00:39:35,960 --> 00:39:40,439
Speaker 2: tech monopoly and less unless China does get to AGI first,

834
00:39:40,520 --> 00:39:42,760
Speaker 2: which I think is certainly a possibility at this point.

835
00:39:43,160 --> 00:39:46,440
Speaker 2: But the other thing that's different there is that the

836
00:39:46,480 --> 00:39:51,160
Speaker 2: previous major technological advances, like if you think about the Internet,

837
00:39:51,200 --> 00:39:54,239
Speaker 2: if you think about computers like personal computers, if you

838
00:39:54,239 --> 00:39:58,160
Speaker 2: think about nuclear energy and weapons, all of that was

839
00:39:58,480 --> 00:40:02,960
Speaker 2: developed within the government. So the government also there was

840
00:40:02,960 --> 00:40:07,359
Speaker 2: some ability to have a democratic check on what purposes

841
00:40:07,440 --> 00:40:09,960
Speaker 2: this would be developed for, and you know, a sort

842
00:40:10,000 --> 00:40:12,920
Speaker 2: of studied approach to it. Not that that is perfect

843
00:40:12,960 --> 00:40:16,160
Speaker 2: in any way, but when you just are developing it

844
00:40:16,320 --> 00:40:20,359
Speaker 2: in the private, capitalist markets and where the goal is

845
00:40:20,480 --> 00:40:22,560
Speaker 2: just like who can get there first and who can

846
00:40:22,560 --> 00:40:26,200
Speaker 2: capture the most the biggest profit margins, like the impacts

847
00:40:26,200 --> 00:40:29,440
Speaker 2: are almost unfathomable. And you know, I talk a lot

848
00:40:29,440 --> 00:40:32,760
Speaker 2: about the labor market piece. The surveillance piece is also

849
00:40:33,040 --> 00:40:35,600
Speaker 2: I think something we should all be pretty terrified about.

850
00:40:35,840 --> 00:40:37,440
Speaker 2: And then the last thing I'll say before we get

851
00:40:37,480 --> 00:40:40,239
Speaker 2: to the clip that specifically talks about the race with

852
00:40:40,440 --> 00:40:43,520
Speaker 2: China is I think one of the things that's happening

853
00:40:43,600 --> 00:40:47,280
Speaker 2: with DOGE, as best I can tell, is they want

854
00:40:47,320 --> 00:40:49,800
Speaker 2: to use the federal government as kind of like a

855
00:40:49,880 --> 00:40:53,480
Speaker 2: laboratory for how many human beings can be replaced right

856
00:40:53,520 --> 00:40:56,360
Speaker 2: now by AI even before we get to AGI. So

857
00:40:56,760 --> 00:41:00,000
Speaker 2: we're getting an announcement probably today that they're working to completely,

858
00:41:00,320 --> 00:41:03,439
Speaker 2: you know, dismantled the Department of Education. We've already had

859
00:41:03,480 --> 00:41:07,160
Speaker 2: indications that they're using AI to go through all sorts

860
00:41:07,200 --> 00:41:11,560
Speaker 2: of data, and you know, I've seen indications like, oh,

861
00:41:11,560 --> 00:41:13,879
Speaker 2: maybe they're going to cut the Social they are cutting

862
00:41:13,920 --> 00:41:16,920
Speaker 2: the Social Security Administration. Maybe those people on those hotlines

863
00:41:16,960 --> 00:41:19,719
Speaker 2: are going to be replaced by AI. I do think

864
00:41:19,800 --> 00:41:22,319
Speaker 2: it is sort of a test lab for how many

865
00:41:22,400 --> 00:41:25,920
Speaker 2: human beings can we get rid of and replace with machines,

866
00:41:26,040 --> 00:41:29,640
Speaker 2: and the basic functions still more or less work. So

867
00:41:29,880 --> 00:41:31,680
Speaker 2: I think that is part of what's going on here too.

868
00:41:32,120 --> 00:41:34,880
Speaker 3: Yeah, all right, let's go to the next part here.

869
00:41:34,920 --> 00:41:38,840
Speaker 3: As you said that specific interview question on AGI and

870
00:41:38,840 --> 00:41:39,960
Speaker 3: the race, let's take a listen.

871
00:41:40,280 --> 00:41:42,720
Speaker 9: There are a lot of arguments in America about AI.

872
00:41:42,920 --> 00:41:46,600
Speaker 9: The one thing that seems not to get argued over,

873
00:41:46,640 --> 00:41:49,600
Speaker 9: that seems almost universally agreed upon and is the dominant

874
00:41:49,640 --> 00:41:52,680
Speaker 9: in my view, controlling priority and policy, is it we

875
00:41:52,800 --> 00:41:55,080
Speaker 9: get to AGI, a term I've heard you don't like. Yeah,

876
00:41:55,200 --> 00:41:56,240
Speaker 9: before chin to us.

877
00:41:57,760 --> 00:42:03,759
Speaker 10: Why, I do think there are are profound economic and

878
00:42:03,840 --> 00:42:08,480
Speaker 10: military and intelligence capabilities that would be downstream of getting

879
00:42:08,520 --> 00:42:12,000
Speaker 10: to AGI or transformative AI, and I do think it

880
00:42:12,120 --> 00:42:17,160
Speaker 10: is fundamental for US national security that we continue to

881
00:42:17,239 --> 00:42:19,919
Speaker 10: lead AI because we think AI could represent a fundamental

882
00:42:20,320 --> 00:42:23,040
Speaker 10: shift in how we conduct cyber operations on offense and defense.

883
00:42:23,040 --> 00:42:23,920
Speaker 6: And I would not want to live.

884
00:42:23,880 --> 00:42:26,680
Speaker 10: In a world in which China has that capability on

885
00:42:26,760 --> 00:42:29,200
Speaker 10: offense and defense in cyber and the United States is not.

886
00:42:29,560 --> 00:42:31,600
Speaker 9: They want strength and dominance and to see the next

887
00:42:31,640 --> 00:42:33,800
Speaker 9: era be a Chinese era. So maybe there's nothing you

888
00:42:33,800 --> 00:42:38,560
Speaker 9: can do about this, but it is pretty damn antagonistic

889
00:42:39,320 --> 00:42:44,000
Speaker 9: to try to choke off the chips for the central

890
00:42:44,160 --> 00:42:48,640
Speaker 9: technology of the next era to the other biggest country.

891
00:42:49,120 --> 00:42:51,759
Speaker 10: I don't know that it's pretty antagonistic to say we

892
00:42:51,800 --> 00:42:53,640
Speaker 10: are not going to sell you the most advanced technology

893
00:42:53,640 --> 00:42:56,160
Speaker 10: in the world. That does not in itself. That's not

894
00:42:56,200 --> 00:42:59,680
Speaker 10: a declaration of war, That is not even self a

895
00:42:59,719 --> 00:43:01,759
Speaker 10: declary of a Cold war. I think it is just

896
00:43:01,800 --> 00:43:03,880
Speaker 10: saying this technology is incredibly important.

897
00:43:03,920 --> 00:43:05,200
Speaker 9: Do you think that's how they understood it.

898
00:43:05,760 --> 00:43:07,839
Speaker 3: Yeah, I thought it was interesting, And I don't know,

899
00:43:08,040 --> 00:43:10,480
Speaker 3: to be honest, I think that, as your question incredibly stupid,

900
00:43:10,520 --> 00:43:13,000
Speaker 3: like what people are just entitled all across the world

901
00:43:13,040 --> 00:43:16,120
Speaker 3: to whatever product the United States produces. That's absurd. If

902
00:43:16,120 --> 00:43:17,680
Speaker 3: you guys are so good that you could build it yourself,

903
00:43:17,719 --> 00:43:20,040
Speaker 3: which they did. I mean that's the other thing. It's

904
00:43:20,040 --> 00:43:22,520
Speaker 3: not one thing that we always do in America is

905
00:43:22,520 --> 00:43:26,240
Speaker 3: we underestimate the Chinese. I mean, look at BYD. Yeah,

906
00:43:26,320 --> 00:43:28,120
Speaker 3: they were stealing our ip and there was all this

907
00:43:28,200 --> 00:43:31,000
Speaker 3: other stealing from US, et cetera. And then they were like, yeah,

908
00:43:31,000 --> 00:43:32,879
Speaker 3: we stole it, and then we actually made it ten

909
00:43:32,920 --> 00:43:35,680
Speaker 3: times better than everything that you have in your market.

910
00:43:35,800 --> 00:43:38,400
Speaker 3: They are already doing that with their chips. Will we

911
00:43:38,440 --> 00:43:40,799
Speaker 3: sell them to it or not? It's absurd to think

912
00:43:40,840 --> 00:43:43,640
Speaker 3: that they're entitled to it. So in a way, it's

913
00:43:43,640 --> 00:43:46,960
Speaker 3: almost like weirdly paternalistic. It's like, oh no, it's all good.

914
00:43:48,640 --> 00:43:51,360
Speaker 3: We have to sell them this brand new technology. I

915
00:43:51,440 --> 00:43:55,279
Speaker 3: just think that's completely absurd. But you know, look the

916
00:43:55,360 --> 00:43:58,120
Speaker 3: question that Ben raises, and this is one too, that's

917
00:43:58,200 --> 00:44:01,200
Speaker 3: kind of like nuclear weapons, is there just is a

918
00:44:01,280 --> 00:44:05,239
Speaker 3: mutually disturbed destruction through city's trap element to this. Like

919
00:44:05,280 --> 00:44:07,480
Speaker 3: it's nice to pollyann and be like, oh, maybe we

920
00:44:07,520 --> 00:44:09,160
Speaker 3: can all get along. It's like, now we're not going

921
00:44:09,200 --> 00:44:10,719
Speaker 3: to getlong because they don't want to get along with us,

922
00:44:10,760 --> 00:44:12,440
Speaker 3: and you know, most Americans don't necessarily want to get

923
00:44:12,440 --> 00:44:17,560
Speaker 3: along with them in terms of allowing total dominance or

924
00:44:17,719 --> 00:44:21,479
Speaker 3: being subject to their economic or market control. That's something

925
00:44:21,520 --> 00:44:24,239
Speaker 3: that we all are, you know, pretty wedded to, at

926
00:44:24,320 --> 00:44:26,560
Speaker 3: least at a consumer level here in America. And if

927
00:44:26,560 --> 00:44:28,280
Speaker 3: you look at SPOTNAK or any of these other moments

928
00:44:28,400 --> 00:44:30,920
Speaker 3: is pretty much born out in the population data. So

929
00:44:31,120 --> 00:44:32,880
Speaker 3: I don't know, I have some mixed feelings on that one.

930
00:44:33,360 --> 00:44:38,920
Speaker 2: Yeah, I was looking at there's this Australian technology index

931
00:44:39,320 --> 00:44:42,040
Speaker 2: that looks at which countries are most advanced across a

932
00:44:42,120 --> 00:44:46,040
Speaker 2: number of different technologies, called the Australian Strategic Policy Institute's

933
00:44:46,200 --> 00:44:50,919
Speaker 2: Critical Technology Tracker, And we went from being number one

934
00:44:51,000 --> 00:44:54,680
Speaker 2: and basically everything to now China, according to this index,

935
00:44:54,800 --> 00:44:58,200
Speaker 2: leads in thirty seven out of forty four evaluated technologies,

936
00:44:58,280 --> 00:45:02,360
Speaker 2: including things like defense, BA botox, energy, biotech, AI, advanced

937
00:45:02,360 --> 00:45:05,439
Speaker 2: materials in quantum technology. I don't know if you saw this, Sagra.

938
00:45:05,440 --> 00:45:07,839
Speaker 2: I mean, this is a different sort of quote unquote technology.

939
00:45:08,160 --> 00:45:11,479
Speaker 2: But McDonald's is no longer the largest fast food chain

940
00:45:11,880 --> 00:45:15,160
Speaker 2: in the world. A Chinese brand that just went public

941
00:45:15,280 --> 00:45:18,280
Speaker 2: in Hong Kong actually has the I think it's called.

942
00:45:18,120 --> 00:45:21,040
Speaker 4: Like mixy or something like that. I think it's called

943
00:45:21,320 --> 00:45:21,680
Speaker 4: mix Y.

944
00:45:21,920 --> 00:45:23,960
Speaker 2: I might be made, that might be wrong, But anyway,

945
00:45:24,719 --> 00:45:28,400
Speaker 2: now has more locations than McDonald's, and not a single

946
00:45:28,440 --> 00:45:31,120
Speaker 2: one is in Europe or the United States of America.

947
00:45:31,320 --> 00:45:35,440
Speaker 2: Ninety percent of them are just within China themselves. So

948
00:45:36,800 --> 00:45:39,239
Speaker 2: I think it's I mean, it's it's a chain. I

949
00:45:39,560 --> 00:45:41,600
Speaker 2: sell ice cream strings.

950
00:45:41,719 --> 00:45:43,560
Speaker 4: Is that what it is? Though?

951
00:45:44,400 --> 00:45:46,880
Speaker 2: I mean, and this is our no had a tweet

952
00:45:46,920 --> 00:45:50,040
Speaker 2: about this, Arno Bertrand which is like, listen, this is

953
00:45:50,120 --> 00:45:52,480
Speaker 2: going to be new for those of us in the

954
00:45:52,520 --> 00:45:55,200
Speaker 2: West to have these brands that are like the largest

955
00:45:55,239 --> 00:45:58,480
Speaker 2: brands and the new big thing that we don't have

956
00:45:58,680 --> 00:46:01,759
Speaker 2: any idea. We've never heard of. They don't exist here.

957
00:46:02,120 --> 00:46:05,520
Speaker 2: We don't know what they are. And so your point about,

958
00:46:05,719 --> 00:46:09,120
Speaker 2: you know, being arrogant with regard to where China is

959
00:46:09,160 --> 00:46:11,000
Speaker 2: and how far along they are in their development, I

960
00:46:11,000 --> 00:46:12,799
Speaker 2: think people need to wrap their heads around the fact

961
00:46:12,800 --> 00:46:15,520
Speaker 2: that actually in many technologies they have surpassed.

962
00:46:15,160 --> 00:46:15,759
Speaker 4: Us at this point.

963
00:46:15,960 --> 00:46:18,919
Speaker 2: Yeah, and there is no reason to think there's any

964
00:46:18,960 --> 00:46:22,560
Speaker 2: guarantee that we're going to quote unquote win the AI

965
00:46:22,760 --> 00:46:26,719
Speaker 2: arms race, because you know there, they are quite advanced,

966
00:46:26,760 --> 00:46:28,920
Speaker 2: and they are right there along with us, and the

967
00:46:28,920 --> 00:46:33,040
Speaker 2: innovations with regard to deep seek, you know, really pushed

968
00:46:33,080 --> 00:46:37,040
Speaker 2: the boundaries in terms of efficiency and you know, requires

969
00:46:37,120 --> 00:46:40,360
Speaker 2: much less power usage than the models that were developed here.

970
00:46:40,520 --> 00:46:44,000
Speaker 2: So yeah, that's it's a very real dynamic. But that

971
00:46:44,040 --> 00:46:47,680
Speaker 2: mcdonald'son kind of blew my mind absolutely, like a Sputnik

972
00:46:47,760 --> 00:46:48,759
Speaker 2: moment in a weird way.

973
00:46:49,360 --> 00:46:50,440
Speaker 1: Yeah, it's a good point.

974
00:46:50,840 --> 00:46:53,920
Speaker 3: I'm not sure I will care so much about the

975
00:46:53,960 --> 00:46:56,200
Speaker 3: largest place being bubble Tea, but I'll try it.

976
00:46:56,440 --> 00:46:58,680
Speaker 1: I'll be happy to try it. Apparently it's all over Asia.

977
00:46:58,680 --> 00:46:59,400
Speaker 1: I would love to go.

978
00:47:00,239 --> 00:47:02,040
Speaker 3: Not usually a bubble tea guy, but they have soft

979
00:47:02,080 --> 00:47:04,600
Speaker 3: serve so that sounds pretty good. But yes, no, you're

980
00:47:04,640 --> 00:47:08,120
Speaker 3: absolutely right, and this is part of the chauvinism in

981
00:47:08,160 --> 00:47:11,520
Speaker 3: the United States. I've recently started been looking back at

982
00:47:11,560 --> 00:47:16,120
Speaker 3: the Soviet atomic bomb industry or the Soviet atomic bomb program.

983
00:47:16,400 --> 00:47:17,600
Speaker 1: Absolutely fascinating time.

984
00:47:17,719 --> 00:47:19,480
Speaker 3: Everybody can tell you the story of the Manhattan Project

985
00:47:19,640 --> 00:47:22,239
Speaker 3: or watch Choppenheimer, etcetera, but nobody really thinks about, you know,

986
00:47:22,239 --> 00:47:24,680
Speaker 3: that four year period where the Soviets went from not

987
00:47:24,760 --> 00:47:27,000
Speaker 3: having an atomic bomb to be able to compete and

988
00:47:27,040 --> 00:47:30,560
Speaker 3: actually the hydrogen development which sparked the arms race. And

989
00:47:30,600 --> 00:47:32,840
Speaker 3: I think what was so fascinating about that time period

990
00:47:33,120 --> 00:47:36,480
Speaker 3: of the early Soviet Union was a chauvinism here in

991
00:47:36,520 --> 00:47:39,239
Speaker 3: the United States of you know, even in the early

992
00:47:39,320 --> 00:47:41,120
Speaker 3: days of the Cold War, where they're like, we've got it,

993
00:47:41,120 --> 00:47:42,840
Speaker 3: we don't really have to do all that much, and

994
00:47:42,880 --> 00:47:45,919
Speaker 3: there's no way that these backwards Soviets could be able

995
00:47:46,000 --> 00:47:48,719
Speaker 3: to compete. And that's where Sputnik came in. Deep Seek

996
00:47:48,760 --> 00:47:51,319
Speaker 3: obviously is a version of that. But part of the

997
00:47:51,360 --> 00:47:54,520
Speaker 3: other issue is culturally right now, is we don't appreciate

998
00:47:54,960 --> 00:47:59,640
Speaker 3: the ability of alternative systems to deliver extraordinary results. We

999
00:47:59,719 --> 00:48:02,360
Speaker 3: had foolish notion here in the West that by cutting

1000
00:48:02,400 --> 00:48:05,480
Speaker 3: Russia off from the international banking system they would collapse.

1001
00:48:05,680 --> 00:48:08,840
Speaker 3: What we forgot is that countries are not stock markets.

1002
00:48:08,920 --> 00:48:13,040
Speaker 3: They are places that have natural resources, and the ability

1003
00:48:13,080 --> 00:48:16,360
Speaker 3: to produce guns, bullets and pull oil out of the

1004
00:48:16,400 --> 00:48:19,480
Speaker 3: ground is actually all that really matters whenever you're in

1005
00:48:19,520 --> 00:48:20,160
Speaker 3: a time of war.

1006
00:48:20,239 --> 00:48:21,080
Speaker 1: Same with the Chinese.

1007
00:48:21,080 --> 00:48:23,759
Speaker 3: I mean they have all of these minerals and factories,

1008
00:48:23,800 --> 00:48:27,040
Speaker 3: industries and supply chains that are totally vertically integrated that

1009
00:48:27,080 --> 00:48:31,200
Speaker 3: have enabled these incredible breakthroughs in their car industry and

1010
00:48:31,239 --> 00:48:34,399
Speaker 3: their battery technology, and now you know, with AI, I

1011
00:48:34,440 --> 00:48:36,359
Speaker 3: have no doubt that in the next ten years they'll

1012
00:48:36,360 --> 00:48:39,000
Speaker 3: be on parody with us on the chips as well,

1013
00:48:39,040 --> 00:48:41,520
Speaker 3: and we have to grapple with that. This is something

1014
00:48:41,560 --> 00:48:44,360
Speaker 3: that all Americans. I'm watching the Europeans do this right now.

1015
00:48:44,400 --> 00:48:47,279
Speaker 3: They're having huge debates over I saw a headline in

1016
00:48:47,280 --> 00:48:50,400
Speaker 3: the Financial Times like Europeans, we must slash our welfare

1017
00:48:50,440 --> 00:48:54,040
Speaker 3: states to compete on defense. I was like, man, that'd

1018
00:48:54,040 --> 00:48:56,360
Speaker 3: be a bitter pill to swallow if I was a

1019
00:48:56,400 --> 00:48:59,239
Speaker 3: Frenchman or if I was a German. And I've been

1020
00:48:59,400 --> 00:49:02,960
Speaker 3: used to a life of seventy five years of universal healthcare,

1021
00:49:03,000 --> 00:49:05,239
Speaker 3: so I'm curious to see how that works out for them.

1022
00:49:05,280 --> 00:49:07,000
Speaker 3: But that's my point too, is that you know, you

1023
00:49:07,280 --> 00:49:09,520
Speaker 3: everything is a trade off, and to just sit here

1024
00:49:09,560 --> 00:49:12,160
Speaker 3: and think that you know, we are just naturally will

1025
00:49:12,360 --> 00:49:15,560
Speaker 3: inherit the earth is ludicrous and you will find out

1026
00:49:15,880 --> 00:49:17,680
Speaker 3: very very quickly. I do I encourage. That's why I

1027
00:49:17,719 --> 00:49:20,439
Speaker 3: talk about those Chinese evs all the time. I don't

1028
00:49:20,440 --> 00:49:23,320
Speaker 3: think people know like and you can just go on YouTube.

1029
00:49:23,640 --> 00:49:26,360
Speaker 3: You can go watch it for yourself. It's crazy. You

1030
00:49:26,400 --> 00:49:28,879
Speaker 3: would buy one too. If we're all being honest, every

1031
00:49:28,920 --> 00:49:30,680
Speaker 3: one of us would buy one if we're talking about

1032
00:49:30,920 --> 00:49:33,680
Speaker 3: the price, and so think about it and just say like,

1033
00:49:33,920 --> 00:49:36,560
Speaker 3: how do you get there? Well, it's it's not that easy.

1034
00:49:36,600 --> 00:49:38,600
Speaker 3: And you need a government. We need a plan, you

1035
00:49:38,640 --> 00:49:41,920
Speaker 3: need supply chain, you know, you need you need your

1036
00:49:42,200 --> 00:49:44,720
Speaker 3: elon and you need the government to like come together

1037
00:49:45,120 --> 00:49:47,840
Speaker 3: like this otherwise you need to left in the dustl on.

1038
00:49:47,960 --> 00:49:49,399
Speaker 4: China's got got elon too.

1039
00:49:50,680 --> 00:49:51,479
Speaker 1: Yeah, that's true.

1040
00:49:51,480 --> 00:49:52,600
Speaker 4: Good point.

1041
00:49:52,120 --> 00:49:55,360
Speaker 1: The BYD guy, that guy is crazy.

1042
00:49:55,400 --> 00:49:57,120
Speaker 3: He is, like I said, Charlie Munger said, he was

1043
00:49:57,120 --> 00:49:58,839
Speaker 3: the smartest guy that he's ever met his entire life,

1044
00:49:58,840 --> 00:50:00,000
Speaker 3: which I think is extraordinary.

1045
00:50:00,600 --> 00:50:03,640
Speaker 2: Well, and last thing on this part of the hubrist

1046
00:50:04,040 --> 00:50:09,759
Speaker 2: is assuming that our version of capitalism is the one

1047
00:50:09,800 --> 00:50:12,000
Speaker 2: that is going to create the most innovation.

1048
00:50:12,280 --> 00:50:14,440
Speaker 4: You know, we just assume that that's the case.

1049
00:50:14,640 --> 00:50:18,360
Speaker 2: And part of what has happened that, you know, is

1050
00:50:18,400 --> 00:50:20,960
Speaker 2: something that Matt Stuller certainly shines a light on, is

1051
00:50:21,000 --> 00:50:26,040
Speaker 2: since we allow these giant tech monopolies to grow, oftentimes

1052
00:50:26,040 --> 00:50:29,080
Speaker 2: they focus more on you know, financial tricks and games

1053
00:50:29,520 --> 00:50:33,480
Speaker 2: than innovation. They have few competitors because they're giant monopolies,

1054
00:50:33,880 --> 00:50:36,799
Speaker 2: and so it certainly has not been the best way

1055
00:50:36,880 --> 00:50:40,600
Speaker 2: to encourage innovation and keep us at the leading edge.

1056
00:50:40,920 --> 00:50:45,000
Speaker 2: China obviously has a very different economic system, and you know,

1057
00:50:45,080 --> 00:50:48,640
Speaker 2: parts of it are effectively socialist, and that has the

1058
00:50:48,760 --> 00:50:52,279
Speaker 2: way that they've been able to marshal state resources in

1059
00:50:52,520 --> 00:50:56,360
Speaker 2: critical industries and you know, create supply chains and actually

1060
00:50:56,440 --> 00:51:01,040
Speaker 2: yes efficiencies that have enabled this technological development. And it

1061
00:51:01,200 --> 00:51:05,040
Speaker 2: also you know, made some intentional decisions to keep their

1062
00:51:05,080 --> 00:51:07,919
Speaker 2: society from going down the path of just everything being

1063
00:51:07,960 --> 00:51:11,000
Speaker 2: financialization and all of their top graduates going into you know,

1064
00:51:11,040 --> 00:51:14,239
Speaker 2: the equivalent of Wall Street. You know, that's also a

1065
00:51:14,280 --> 00:51:17,480
Speaker 2: significant part of the story as well, and part of

1066
00:51:17,520 --> 00:51:20,440
Speaker 2: the hubrist because you know, after we won the Cold

1067
00:51:20,440 --> 00:51:23,080
Speaker 2: War versus the Soviets, we're like, all right, our system

1068
00:51:23,160 --> 00:51:25,600
Speaker 2: is the best. This kind of capitalism is amazing, It's

1069
00:51:25,640 --> 00:51:29,120
Speaker 2: going to win forever. And here comes another economic model

1070
00:51:29,360 --> 00:51:32,120
Speaker 2: that is you know, rivaling or in a lot of ways,

1071
00:51:32,120 --> 00:51:34,560
Speaker 2: out innovating and out competing us. I don't think a

1072
00:51:34,560 --> 00:51:36,239
Speaker 2: lot of people here have wrapped their heads around that

1073
00:51:36,640 --> 00:51:38,600
Speaker 2: or want to wrap their heads around what that means.

1074
00:51:39,000 --> 00:51:39,759
Speaker 1: Yep, you're right.

1075
00:51:40,200 --> 00:51:44,240
Speaker 3: Turns out to just eating McDonald's all day, watching only

1076
00:51:44,320 --> 00:51:46,440
Speaker 3: fans or Netflix or all of that doesn't produce the

1077
00:51:46,440 --> 00:51:47,120
Speaker 3: best scientists.

1078
00:51:47,120 --> 00:51:53,040
Speaker 1: Shocking, shopsolete, shocking. All right, let's get over to Gaza.

1079
00:51:53,760 --> 00:51:57,440
Speaker 2: Yeah, so we have some significant developments here. Only go

1080
00:51:57,520 --> 00:52:00,840
Speaker 2: with the latest one first. So Trump put this message

1081
00:52:00,960 --> 00:52:03,520
Speaker 2: up on I guess this was truth social to begin with.

1082
00:52:03,600 --> 00:52:06,600
Speaker 2: Let's put this up on the screen. So he writes,

1083
00:52:06,800 --> 00:52:11,720
Speaker 2: Shalom Hamas means hello and goodbye. You can choose release

1084
00:52:11,840 --> 00:52:15,000
Speaker 2: all of the hostages now, not later, and immediately return

1085
00:52:15,000 --> 00:52:17,000
Speaker 2: all of the dead bodies of the people you murdered,

1086
00:52:17,160 --> 00:52:20,280
Speaker 2: or it is over for you. Only sick and twisted

1087
00:52:20,320 --> 00:52:24,200
Speaker 2: people keep bodies, and you are sick and twisted. Unmentioned

1088
00:52:24,280 --> 00:52:26,480
Speaker 2: is the fact that Israel is holding hundreds of bodies,

1089
00:52:26,480 --> 00:52:29,320
Speaker 2: but we'll put that aside. I am sending Israel everything

1090
00:52:29,320 --> 00:52:32,280
Speaker 2: it needs to finish the job. Not a single Hamas

1091
00:52:32,320 --> 00:52:34,440
Speaker 2: member will be safe if you don't do as I say.

1092
00:52:34,560 --> 00:52:37,040
Speaker 2: I have just met with your former hostages, whose lives

1093
00:52:37,080 --> 00:52:40,160
Speaker 2: you have destroyed. This is your last warning for the leadership.

1094
00:52:40,160 --> 00:52:41,759
Speaker 2: Now is the time to leave Gaza while you still

1095
00:52:41,800 --> 00:52:44,279
Speaker 2: have a chance. Also to the people of Gaza. A

1096
00:52:44,280 --> 00:52:47,839
Speaker 2: beautiful future awaits, but not if you hold hostages. If

1097
00:52:47,880 --> 00:52:51,280
Speaker 2: you do, you are dead. Make a smart decision. Release

1098
00:52:51,320 --> 00:52:53,959
Speaker 2: the hostages now or there will be hell to pay later.

1099
00:52:54,080 --> 00:52:54,520
Speaker 4: Donald J.

1100
00:52:54,640 --> 00:52:58,000
Speaker 2: Trump, President of the United States of America. Now this

1101
00:52:58,080 --> 00:53:00,440
Speaker 2: comes at the same time as let's with this next

1102
00:53:00,440 --> 00:53:03,920
Speaker 2: piece up on the screen. The Trump administration is actually

1103
00:53:04,160 --> 00:53:10,279
Speaker 2: meeting directly with Hamas. Now, uh, to me, when you

1104
00:53:10,320 --> 00:53:13,960
Speaker 2: are engaged in negotiations, it is a no brainer that

1105
00:53:14,000 --> 00:53:17,359
Speaker 2: you want to engage in those negotiations directly with the

1106
00:53:17,360 --> 00:53:20,360
Speaker 2: people who you are negotiating with. But this is not

1107
00:53:20,440 --> 00:53:23,000
Speaker 2: the way things are normally thought of in Washington, d C.

1108
00:53:23,200 --> 00:53:25,600
Speaker 2: And of course, if the Biden administration had negotiated directly

1109
00:53:25,640 --> 00:53:28,080
Speaker 2: with Humas, of course there would have been like massive

1110
00:53:28,239 --> 00:53:31,280
Speaker 2: breakouts all across the right, et cetera about negotiating with terrorists.

1111
00:53:31,600 --> 00:53:35,800
Speaker 2: But the Presidential Envoy for hostage Affairs, Adam Bowler, actually

1112
00:53:35,880 --> 00:53:40,279
Speaker 2: you know, has been communicating directly with Hamas, and so

1113
00:53:41,160 --> 00:53:41,960
Speaker 2: you know that.

1114
00:53:42,160 --> 00:53:43,560
Speaker 4: To me is the fact that you.

1115
00:53:43,560 --> 00:53:45,920
Speaker 2: Even have talks occurring in that way is certainly an

1116
00:53:46,000 --> 00:53:50,120
Speaker 2: encouraging sign. But then countervailing forces. You have that very

1117
00:53:50,160 --> 00:53:53,480
Speaker 2: belligerent Trump message on true social and you have the

1118
00:53:53,520 --> 00:53:57,640
Speaker 2: fact that he seems still committed to his insane mass

1119
00:53:57,680 --> 00:54:00,680
Speaker 2: you know, complete ethnic cleansing plan in the Gaza Strip,

1120
00:54:00,719 --> 00:54:02,440
Speaker 2: and it all amounts to it like I don't really

1121
00:54:02,520 --> 00:54:05,320
Speaker 2: know where things are and what is going to happen next. Also,

1122
00:54:05,480 --> 00:54:07,839
Speaker 2: last thing, befere I get your reaction tagers to keep

1123
00:54:07,840 --> 00:54:11,439
Speaker 2: in mind, as we covered on Monday, that Israel has

1124
00:54:11,520 --> 00:54:14,239
Speaker 2: completely backed away from the ceasefire deal.

1125
00:54:14,400 --> 00:54:16,480
Speaker 4: You know, Bibe had always told.

1126
00:54:16,560 --> 00:54:20,640
Speaker 2: His domestic fanatic partners that they were only going to

1127
00:54:20,680 --> 00:54:22,160
Speaker 2: do Phase one and then they were going to go

1128
00:54:22,200 --> 00:54:24,719
Speaker 2: back to the war. Now what they're doing is they're

1129
00:54:24,960 --> 00:54:29,680
Speaker 2: reinstituting the complete siege, including considering cutting off water to

1130
00:54:30,040 --> 00:54:31,319
Speaker 2: the Gaza Strip as well.

1131
00:54:31,440 --> 00:54:34,680
Speaker 4: So you know, the situation is quite dire at this point.

1132
00:54:34,840 --> 00:54:37,800
Speaker 1: Yeah, it is if the signals are everywhere.

1133
00:54:38,080 --> 00:54:40,560
Speaker 3: So on the one hand, talking with the MAASA is great,

1134
00:54:40,719 --> 00:54:41,560
Speaker 3: that's what you should be.

1135
00:54:41,560 --> 00:54:42,560
Speaker 1: Doing from day one.

1136
00:54:42,960 --> 00:54:45,040
Speaker 3: And of course all these idiots in America, oh, we

1137
00:54:45,080 --> 00:54:49,960
Speaker 3: don't negotiate with terrorists or whatever. I'm like, well, Israel's

1138
00:54:49,960 --> 00:54:51,880
Speaker 3: tried to kill him for two years and they're still standing.

1139
00:54:51,920 --> 00:54:53,600
Speaker 1: So what do you want to do? You know, and

1140
00:54:53,719 --> 00:54:54,920
Speaker 1: their answer is actually simple.

1141
00:54:54,960 --> 00:54:56,960
Speaker 3: They're like, oh, just kill them all and they're like, okay,

1142
00:54:57,000 --> 00:54:59,399
Speaker 3: well that didn't work, or at very least I don't

1143
00:54:59,400 --> 00:55:02,320
Speaker 3: want any part of that. So this is the alternative option.

1144
00:55:02,600 --> 00:55:04,239
Speaker 3: How do you think you got out of Afghanistan?

1145
00:55:04,280 --> 00:55:04,799
Speaker 1: You do what? Trump?

1146
00:55:04,880 --> 00:55:05,040
Speaker 4: Did?

1147
00:55:05,160 --> 00:55:07,920
Speaker 3: You sign a deal that says we are negotiating with

1148
00:55:08,000 --> 00:55:10,160
Speaker 3: the Taliban. It was an absurd this idea that the

1149
00:55:10,239 --> 00:55:12,240
Speaker 3: United States is not going to negotiate with the Taliban

1150
00:55:12,280 --> 00:55:14,600
Speaker 3: over a twenty year occupation of that country and an

1151
00:55:14,640 --> 00:55:17,279
Speaker 3: insurgency with the same problem here. So let's just put

1152
00:55:17,280 --> 00:55:20,160
Speaker 3: that on the table. I do also this is the

1153
00:55:20,160 --> 00:55:22,520
Speaker 3: problem with Trump. I've been thinking about this. He already

1154
00:55:22,560 --> 00:55:25,600
Speaker 3: gave that ultimatum previously and nothing happened. He said, they

1155
00:55:25,640 --> 00:55:27,879
Speaker 3: have to release all the hostages they didn't really help,

1156
00:55:28,480 --> 00:55:30,400
Speaker 3: or they will be held to bad Literally, not a

1157
00:55:30,440 --> 00:55:34,080
Speaker 3: single thing happened. My guess is that this is part

1158
00:55:34,560 --> 00:55:38,160
Speaker 3: of trying to pressure the negotiations and the direct US

1159
00:55:38,239 --> 00:55:41,680
Speaker 3: talks right now with Hamas. But in terms of the

1160
00:55:41,719 --> 00:55:44,120
Speaker 3: credibility that they will be received, that's a bit of

1161
00:55:44,120 --> 00:55:45,920
Speaker 3: an issue. I would also say at the very end there,

1162
00:55:45,920 --> 00:55:48,560
Speaker 3: he said, people of Gaza release the hostages or you're

1163
00:55:48,600 --> 00:55:50,480
Speaker 3: all die. I'm like, okay, so America's going to do

1164
00:55:50,520 --> 00:55:52,200
Speaker 3: it now, We're not even gonna let the Israelis do it.

1165
00:55:52,239 --> 00:55:53,760
Speaker 1: I mean, that's, you know, pretty insane.

1166
00:55:54,520 --> 00:56:00,000
Speaker 3: I think Jeremy Scahill has an official response now from

1167
00:56:00,480 --> 00:56:01,960
Speaker 3: Hamas that just came out.

1168
00:56:02,040 --> 00:56:03,560
Speaker 1: Yeah, here we go, just in the last hour.

1169
00:56:03,600 --> 00:56:05,920
Speaker 3: I can read it here, in response to Trump's statement

1170
00:56:05,960 --> 00:56:09,120
Speaker 3: directed to Hamas, only sick and twisted people keep bodies.

1171
00:56:09,160 --> 00:56:11,719
Speaker 3: On February twenty third, the Palestinian National Campaign for the

1172
00:56:11,760 --> 00:56:14,600
Speaker 3: Recovery of Martyr's Bodies announced they're going through the bodies thing.

1173
00:56:14,719 --> 00:56:17,560
Speaker 3: They say, according to the bodies they're among retained, they're

1174
00:56:17,560 --> 00:56:20,040
Speaker 3: talking what you said about Israeli bodies, and finally they

1175
00:56:20,080 --> 00:56:22,360
Speaker 3: say the campaign noted these figures do not include bodies

1176
00:56:22,400 --> 00:56:24,920
Speaker 3: held in the Gaza Strip since the onset of aggression. However,

1177
00:56:25,000 --> 00:56:28,080
Speaker 3: Israeli sources have revealed the occupation is holding over fifteen

1178
00:56:28,160 --> 00:56:31,360
Speaker 3: hundred martyr bodies at the what that taie at I

1179
00:56:31,719 --> 00:56:33,840
Speaker 3: forget exactly how to say it. Where the rape occurred

1180
00:56:34,440 --> 00:56:37,319
Speaker 3: in occupied Southern Palestine. So you can see that they

1181
00:56:37,360 --> 00:56:39,560
Speaker 3: are hitting back on the bodies claims. But they are

1182
00:56:39,600 --> 00:56:45,239
Speaker 3: not actually talking specifically about this claim over Hell to pay,

1183
00:56:45,320 --> 00:56:47,919
Speaker 3: so there is an open question. I will also say

1184
00:56:48,000 --> 00:56:50,640
Speaker 3: it's funny that this is such a subversion and of

1185
00:56:50,680 --> 00:56:54,359
Speaker 3: the Israeli strategy, because Israel's previous strategy was to kill

1186
00:56:54,440 --> 00:56:57,600
Speaker 3: all of the people who were reasonable ish inside of

1187
00:56:57,640 --> 00:57:00,719
Speaker 3: Hamas so that there was nobody to negotiate with. And

1188
00:57:00,800 --> 00:57:03,520
Speaker 3: yet even still, as we can see here correctly at

1189
00:57:03,520 --> 00:57:06,279
Speaker 3: this time, there's still no bombing yet, and perhaps there

1190
00:57:06,320 --> 00:57:07,839
Speaker 3: is some path to some sort of.

1191
00:57:07,920 --> 00:57:08,839
Speaker 1: Phase two deal.

1192
00:57:09,400 --> 00:57:12,360
Speaker 3: This is how we would actually get there if it

1193
00:57:12,360 --> 00:57:14,759
Speaker 3: were to ever exist. Is the United States is the

1194
00:57:14,760 --> 00:57:17,040
Speaker 3: big brother, just as in Ukraine. Yes, you have to

1195
00:57:17,040 --> 00:57:20,520
Speaker 3: talk to Putin sorry people, that's how it works. Same

1196
00:57:20,560 --> 00:57:22,560
Speaker 3: here in Hamas. No, they don't have a nuke, but

1197
00:57:22,840 --> 00:57:25,000
Speaker 3: they exist and they have at least some number of

1198
00:57:25,000 --> 00:57:27,600
Speaker 3: fighters in the Gaza strip who were still able to

1199
00:57:28,600 --> 00:57:31,320
Speaker 3: able to mount our resistance. They have some support there,

1200
00:57:31,360 --> 00:57:34,280
Speaker 3: nobody really knows how much, but yeah, you have to

1201
00:57:34,320 --> 00:57:36,600
Speaker 3: talk to them. So this is the duality I guess

1202
00:57:36,600 --> 00:57:39,000
Speaker 3: of Trump and the two directions where he's torn. His

1203
00:57:39,080 --> 00:57:41,880
Speaker 3: Israeli supporters want him to just blow them all away

1204
00:57:42,120 --> 00:57:45,080
Speaker 3: and basically bomb and give. That's the other thing. I

1205
00:57:45,120 --> 00:57:47,880
Speaker 3: will give Israel everything they've already been given. What are

1206
00:57:47,920 --> 00:57:50,440
Speaker 3: they asking for that they're not getting? Is there any evidence?

1207
00:57:50,800 --> 00:57:52,880
Speaker 3: I have not seen one. And you and I both

1208
00:57:52,920 --> 00:57:54,880
Speaker 3: know if there's a weapon system they wanted that they

1209
00:57:54,920 --> 00:57:55,960
Speaker 3: weren't getting, they would leak in.

1210
00:57:56,160 --> 00:57:58,000
Speaker 1: They would have leaked it. You know, last week. I

1211
00:57:58,000 --> 00:57:58,520
Speaker 1: can't think of.

1212
00:57:58,440 --> 00:57:59,880
Speaker 3: A single thing that they're getting that they don't have,

1213
00:58:00,400 --> 00:58:02,120
Speaker 3: other than a nuke, which they also have.

1214
00:58:02,320 --> 00:58:03,800
Speaker 1: So it's like, well, what do you want?

1215
00:58:04,000 --> 00:58:06,760
Speaker 2: Yeah, and they just rushed through a quote unquote emergency

1216
00:58:07,040 --> 00:58:11,680
Speaker 2: you know, yeah, like billions of dollars of weapons to Israel.

1217
00:58:11,840 --> 00:58:14,640
Speaker 2: So yeah, we all know Israel's getting everything they want.

1218
00:58:14,800 --> 00:58:16,240
Speaker 4: Don't worry. Not a question.

1219
00:58:16,280 --> 00:58:19,080
Speaker 2: Remember there was like one shipment of two thousand pound

1220
00:58:19,080 --> 00:58:21,800
Speaker 2: bombs that got held up, and you know they were

1221
00:58:22,120 --> 00:58:24,280
Speaker 2: up at arms over at how dare you withhold this

1222
00:58:24,400 --> 00:58:27,120
Speaker 2: one shipment that made no difference in terms of their

1223
00:58:27,160 --> 00:58:30,200
Speaker 2: ability to completely decimate the Gaza strip. You know. The

1224
00:58:30,280 --> 00:58:32,240
Speaker 2: other thing that was not encouraging is we could put

1225
00:58:32,280 --> 00:58:35,440
Speaker 2: the next piece up on the screen is a bunch

1226
00:58:35,440 --> 00:58:37,640
Speaker 2: of Arab nations came together and put together, you know,

1227
00:58:37,720 --> 00:58:42,640
Speaker 2: pretty reasonable plan for next steps in terms of Gaza,

1228
00:58:42,840 --> 00:58:47,280
Speaker 2: and Trump and Nat Yahoo immediately rejected it, like, you know,

1229
00:58:47,440 --> 00:58:51,880
Speaker 2: this was a considered plan, multiple nations involved. You know,

1230
00:58:52,160 --> 00:58:54,880
Speaker 2: significant planning goes into this, and then it's just sort

1231
00:58:54,880 --> 00:58:56,760
Speaker 2: of rejected out of hand.

1232
00:58:57,520 --> 00:58:58,760
Speaker 4: They said this in Haretz.

1233
00:58:58,760 --> 00:59:00,880
Speaker 2: They said it's the result of a month's long diplomatic

1234
00:59:00,880 --> 00:59:02,680
Speaker 2: effort to create an off ramp that would end the

1235
00:59:02,680 --> 00:59:05,960
Speaker 2: war and let reconstruction began. The plan contains hundreds of

1236
00:59:05,960 --> 00:59:08,320
Speaker 2: pages and appendices, yet the Trump administration seemed to have

1237
00:59:08,400 --> 00:59:12,080
Speaker 2: killed it with a single paragraph. That paragraph was quote,

1238
00:59:12,160 --> 00:59:15,360
Speaker 2: the current proposal does not address the reality that Gaza

1239
00:59:15,440 --> 00:59:19,600
Speaker 2: is currently uninhabitable and residents cannot humanely live in a

1240
00:59:19,720 --> 00:59:23,480
Speaker 2: territory covered in debris and an unexploded ordinance. Of course,

1241
00:59:23,480 --> 00:59:26,080
Speaker 2: that's consistent with Trump's plan of like, oh, we got

1242
00:59:26,080 --> 00:59:27,920
Speaker 2: to ethnically cleanse all of these people out of the

1243
00:59:27,920 --> 00:59:30,240
Speaker 2: Gaza strip and by the way, they're never allowed to return.

1244
00:59:31,440 --> 00:59:31,880
Speaker 4: This was a.

1245
00:59:31,880 --> 00:59:34,920
Speaker 2: Spokesman for the National Security Council, adding that President Trump

1246
00:59:35,080 --> 00:59:37,760
Speaker 2: remains committed to his plan to forcibly evacuate the entire

1247
00:59:37,800 --> 00:59:41,840
Speaker 2: population of Gaza claim the territory for the US. Netanyahu

1248
00:59:41,960 --> 00:59:44,760
Speaker 2: rejected at without even putting out a little paragraph saying

1249
00:59:45,640 --> 00:59:48,400
Speaker 2: why so you know this is the other piece is like,

1250
00:59:49,560 --> 00:59:54,680
Speaker 2: if that idea is a negotiating tactic, then okay, well,

1251
00:59:54,760 --> 00:59:57,680
Speaker 2: the Arab Nations got together, they came up with the counterproposal,

1252
00:59:57,920 --> 01:00:02,480
Speaker 2: so let's negotiate. But the fact that they immediately stuck

1253
01:00:02,640 --> 01:00:06,640
Speaker 2: so hard to his just like both evil and absurd

1254
01:00:06,640 --> 01:00:10,160
Speaker 2: and preposterous notion of the US is going to take

1255
01:00:10,200 --> 01:00:13,280
Speaker 2: over the Gaza strip and push out every Palestinian and

1256
01:00:13,320 --> 01:00:18,520
Speaker 2: not allow them to return. That is obviously deeply troubling

1257
01:00:18,760 --> 01:00:22,040
Speaker 2: and listen, maybe they'll come back. The Arab Nations said, okay, well,

1258
01:00:22,040 --> 01:00:24,440
Speaker 2: we don't consider that to be final answer, so we're

1259
01:00:24,440 --> 01:00:25,440
Speaker 2: going to keep working on it.

1260
01:00:25,920 --> 01:00:27,480
Speaker 4: We'll see where it ultimately goes.

1261
01:00:27,560 --> 01:00:30,920
Speaker 3: But my biggest signals there, My biggest signal was he

1262
01:00:30,920 --> 01:00:31,800
Speaker 3: didn't mention it at all.

1263
01:00:31,840 --> 01:00:32,680
Speaker 1: At the State of the Union.

1264
01:00:32,720 --> 01:00:35,360
Speaker 3: He made one thing about the he made one mention

1265
01:00:35,480 --> 01:00:39,680
Speaker 3: of the hostages. There was not nothing a ceasefire about

1266
01:00:39,720 --> 01:00:43,120
Speaker 3: the Gaza plan. Even though I do think he is serious,

1267
01:00:43,480 --> 01:00:45,560
Speaker 3: he did not mention it there. I don't know, I

1268
01:00:45,600 --> 01:00:47,959
Speaker 3: have no idea what to say. I just hope Steve

1269
01:00:47,960 --> 01:00:50,400
Speaker 3: Wikoff just keeps sending him there. He's got a good

1270
01:00:50,440 --> 01:00:53,640
Speaker 3: track record. Keep talking to Hamas. Let's get to some

1271
01:00:53,680 --> 01:00:57,840
Speaker 3: sort of phase two. Whatever this Gaza moronic idea is.

1272
01:00:58,320 --> 01:01:00,760
Speaker 3: I don't even know about that. But in the interim,

1273
01:01:00,920 --> 01:01:03,480
Speaker 3: you know, it's still better, at least for now. But

1274
01:01:03,720 --> 01:01:07,680
Speaker 3: if Trump does start to provide not only just weapons

1275
01:01:07,720 --> 01:01:10,440
Speaker 3: to Israel, let's par for the course. If he starts

1276
01:01:10,440 --> 01:01:14,000
Speaker 3: to directly intervene from the US military, I think you

1277
01:01:14,000 --> 01:01:16,840
Speaker 3: would see a titanic pushback here in the United States.

1278
01:01:17,440 --> 01:01:19,240
Speaker 3: I genuinely don't think a lot of people would stand

1279
01:01:19,240 --> 01:01:22,280
Speaker 3: for that, about a direct military and a bombing campaign.

1280
01:01:22,560 --> 01:01:25,560
Speaker 3: In fact, it would be a nightmare for Israel and

1281
01:01:25,600 --> 01:01:28,320
Speaker 3: for a lot of their supporters because people would start

1282
01:01:28,360 --> 01:01:32,640
Speaker 3: asking all kinds of questions whenever it's actually US military weapons,

1283
01:01:32,760 --> 01:01:36,840
Speaker 3: jets and others that are directly being used inside of

1284
01:01:36,880 --> 01:01:39,120
Speaker 3: the Gaza strip. So we'll see, maybe they will catch

1285
01:01:39,200 --> 01:01:43,440
Speaker 3: their own tail, because that will create serious pushback I

1286
01:01:43,440 --> 01:01:46,360
Speaker 3: think from the UNITEDS. Are both also in terms of

1287
01:01:46,360 --> 01:01:53,040
Speaker 3: backlash against the United States, very very troubling situation. All right,

1288
01:01:53,080 --> 01:01:56,560
Speaker 3: let's get over to the Tate brothers, and so I

1289
01:01:56,600 --> 01:01:58,760
Speaker 3: will let me just say, at the top. I have

1290
01:01:58,920 --> 01:02:03,200
Speaker 3: not had the time time to explicitly parse every statement

1291
01:02:03,400 --> 01:02:07,400
Speaker 3: by Andrew Tate, every one of his human trafficking claims

1292
01:02:07,520 --> 01:02:09,960
Speaker 3: or all of that. I do know that he has

1293
01:02:10,000 --> 01:02:13,440
Speaker 3: definitely advocated some stuff that I definitely am against it,

1294
01:02:13,440 --> 01:02:17,280
Speaker 3: of which I guess the Romanian authorities found and bear investigation.

1295
01:02:17,640 --> 01:02:20,480
Speaker 3: But the funniest thing that I have seen now so

1296
01:02:20,640 --> 01:02:24,560
Speaker 3: far is this civil war happening right now over Andrew

1297
01:02:24,600 --> 01:02:29,000
Speaker 3: Tates basically what fleeing slash vacationing according to him, back

1298
01:02:29,040 --> 01:02:32,280
Speaker 3: to the United States, and a split overall in the

1299
01:02:32,320 --> 01:02:36,320
Speaker 3: conservative movement where many people We've had Ali Bethstucky on

1300
01:02:36,360 --> 01:02:38,480
Speaker 3: the show, for example, to be like, I, actually, no,

1301
01:02:38,560 --> 01:02:40,640
Speaker 3: Andrew Trade is not really a male model at all

1302
01:02:40,680 --> 01:02:43,960
Speaker 3: for anybody who is conservative or wants to see like

1303
01:02:44,080 --> 01:02:46,280
Speaker 3: family life or you know, there's some I could go

1304
01:02:46,440 --> 01:02:48,280
Speaker 3: down the list in terms of so many of the

1305
01:02:48,320 --> 01:02:50,920
Speaker 3: different things that the guy has said. But the split

1306
01:02:51,040 --> 01:02:54,600
Speaker 3: now has opened up a fight legally here in America,

1307
01:02:54,680 --> 01:02:57,200
Speaker 3: where the Attorney General of the State of Florida said

1308
01:02:57,200 --> 01:02:59,960
Speaker 3: he is going to pursue an investigation of Andrew Tad

1309
01:03:00,120 --> 01:03:03,320
Speaker 3: specifically around these human trafficking allegations.

1310
01:03:03,520 --> 01:03:04,280
Speaker 1: Let's take a listen.

1311
01:03:04,600 --> 01:03:09,440
Speaker 11: Yeah, look, these guys have themselves publicly admitted to participating

1312
01:03:09,520 --> 01:03:13,840
Speaker 11: in what very much appears to be soliciting, trafficking, preying

1313
01:03:13,920 --> 01:03:18,560
Speaker 11: upon women around the world. Many of these victims coming forward,

1314
01:03:18,640 --> 01:03:21,840
Speaker 11: some of them miners. You know, people can spin or

1315
01:03:21,840 --> 01:03:24,960
Speaker 11: defend however they want, but in Florida, this type of

1316
01:03:25,080 --> 01:03:28,680
Speaker 11: behavior is viewed as atrocious. We're not going to accept it.

1317
01:03:29,000 --> 01:03:31,200
Speaker 11: They chose to come here and set their feet down

1318
01:03:31,200 --> 01:03:33,800
Speaker 11: in this state, and we're going to pursue every tool

1319
01:03:33,880 --> 01:03:36,960
Speaker 11: we have within our legal authority to hold them accountable.

1320
01:03:37,080 --> 01:03:40,520
Speaker 11: So we are in the process today. We have secured

1321
01:03:40,560 --> 01:03:43,480
Speaker 11: and executed subpoenas and warrants, and we're going to continue

1322
01:03:43,480 --> 01:03:46,320
Speaker 11: to move forward with full force of law. This is

1323
01:03:46,360 --> 01:03:48,919
Speaker 11: an ongoing criminal investigation and we're going to use every

1324
01:03:48,920 --> 01:03:51,200
Speaker 11: tool we have to ensure that justice has served.

1325
01:03:51,760 --> 01:03:52,760
Speaker 12: A criminal investigation.

1326
01:03:53,200 --> 01:03:54,920
Speaker 11: There is an active criminal investigation.

1327
01:03:55,040 --> 01:03:58,760
Speaker 6: Yes, do you believe that they're giving any details of what?

1328
01:03:59,320 --> 01:04:02,080
Speaker 11: I can't come on an pending investigation, But what I

1329
01:04:02,080 --> 01:04:06,320
Speaker 11: can tell you is if these guys did criminal activity

1330
01:04:06,320 --> 01:04:08,600
Speaker 11: here in Florida, we will go after them with the

1331
01:04:08,640 --> 01:04:10,640
Speaker 11: full force of law and hold them accountable.

1332
01:04:10,960 --> 01:04:13,360
Speaker 3: So the Florida Attorney General saying there was an active

1333
01:04:13,360 --> 01:04:17,080
Speaker 3: criminal investigation. Andrew Tait then responded us to put this

1334
01:04:17,160 --> 01:04:20,360
Speaker 3: up there on the screen. He put out his tweet

1335
01:04:20,400 --> 01:04:25,360
Speaker 3: saying Ron DeSantis is attacking me because he was worried

1336
01:04:25,400 --> 01:04:28,320
Speaker 3: I would support Byron Donald's over his wife. Knowing I

1337
01:04:28,360 --> 01:04:30,919
Speaker 3: have monumental political weight and trust our commander in chief,

1338
01:04:30,920 --> 01:04:34,200
Speaker 3: President Trump's recommendations completely, they attacked me to prevent me

1339
01:04:34,240 --> 01:04:37,720
Speaker 3: from destroying his wife's political ambitions. Interestingly, I had no

1340
01:04:37,800 --> 01:04:40,760
Speaker 3: interest in Florida politics until I learned how communist the

1341
01:04:40,800 --> 01:04:42,960
Speaker 3: DeSantis administration.

1342
01:04:42,520 --> 01:04:43,920
Speaker 1: Is game on.

1343
01:04:44,960 --> 01:04:49,360
Speaker 3: Well, it might surprise everyone to learn that actually, even

1344
01:04:49,440 --> 01:04:52,960
Speaker 3: Byron Donald's not really play involved with all this. So guys,

1345
01:04:52,960 --> 01:04:55,640
Speaker 3: can we go ahead and play E three. Please, let's

1346
01:04:55,640 --> 01:04:56,240
Speaker 3: take a listen.

1347
01:04:56,520 --> 01:05:00,280
Speaker 12: Andrew Tait and his brother Tristan, because in Romania they

1348
01:05:00,320 --> 01:05:03,200
Speaker 12: just came to Florida from there were charges of rape,

1349
01:05:03,200 --> 01:05:06,200
Speaker 12: sex with minor and human trafficking. Do you support the

1350
01:05:06,240 --> 01:05:07,760
Speaker 12: Attorney General's actions here?

1351
01:05:07,880 --> 01:05:08,200
Speaker 6: I do.

1352
01:05:08,280 --> 01:05:11,280
Speaker 13: I think those those allegations have to be fully investigated

1353
01:05:11,480 --> 01:05:13,520
Speaker 13: and then we go from there. We go from there.

1354
01:05:13,720 --> 01:05:16,640
Speaker 13: The key thing is we don't tolerate the trafficking of

1355
01:05:16,720 --> 01:05:20,360
Speaker 13: women or frankly, the abuse of women. We do not

1356
01:05:20,480 --> 01:05:23,520
Speaker 13: tolerate that. So if the Attorney General finds calls under

1357
01:05:23,560 --> 01:05:26,320
Speaker 13: Florida law to investigate that, then I wish him the

1358
01:05:26,320 --> 01:05:28,360
Speaker 13: best and I support whatever he's going to do on

1359
01:05:28,440 --> 01:05:28,800
Speaker 13: that matter.

1360
01:05:28,840 --> 01:05:30,960
Speaker 12: Are Andrew and Tristan Tate welcome in Florida?

1361
01:05:31,080 --> 01:05:31,200
Speaker 8: Now?

1362
01:05:31,840 --> 01:05:33,840
Speaker 13: Quite frankly not, because if you listen to some of

1363
01:05:33,840 --> 01:05:36,360
Speaker 13: the dialogue, I find it to be demeaning and disgusting.

1364
01:05:36,560 --> 01:05:39,360
Speaker 13: That's not about being that's not about being an alpha male.

1365
01:05:39,400 --> 01:05:41,760
Speaker 13: It's not about being a strong man. But they stand for,

1366
01:05:41,760 --> 01:05:43,320
Speaker 13: in my view, with something totally different.

1367
01:05:43,800 --> 01:05:47,440
Speaker 3: Woo all right, so Byron, it's actually backing up the

1368
01:05:47,480 --> 01:05:48,560
Speaker 3: Attorney General here.

1369
01:05:48,600 --> 01:05:50,120
Speaker 1: So a bit of a plot twist.

1370
01:05:50,440 --> 01:05:53,960
Speaker 3: And Andrew is now saying Andrew Tate says, let's see

1371
01:05:54,040 --> 01:05:54,479
Speaker 3: E four.

1372
01:05:54,520 --> 01:05:55,880
Speaker 1: Can we put that on the screen please?

1373
01:05:56,240 --> 01:05:58,640
Speaker 3: He is now claiming that his flight to the United

1374
01:05:58,640 --> 01:06:02,000
Speaker 3: States is that its flight to the United States was

1375
01:06:02,040 --> 01:06:03,800
Speaker 3: just a vacation. It's a strange feeling to be so

1376
01:06:03,840 --> 01:06:05,360
Speaker 3: adored that when you go on a two week holiday

1377
01:06:05,400 --> 01:06:07,360
Speaker 3: to Miami, the entire world talks about it.

1378
01:06:07,360 --> 01:06:09,680
Speaker 1: It's wild. I'm going back to Romania in a few

1379
01:06:09,760 --> 01:06:11,480
Speaker 1: days anyways, So there we go.

1380
01:06:11,560 --> 01:06:15,480
Speaker 3: Crystal before I played crazy Andrew Tates reaction, but I

1381
01:06:15,520 --> 01:06:16,760
Speaker 3: wanted to get yours first.

1382
01:06:17,080 --> 01:06:19,920
Speaker 4: Back to Romania is a surprise. I guess he feels like.

1383
01:06:20,040 --> 01:06:23,040
Speaker 3: Yeah, an investigation there, I wouldn't want to go back

1384
01:06:23,040 --> 01:06:23,880
Speaker 3: to Romania.

1385
01:06:23,920 --> 01:06:26,200
Speaker 2: I mean maybe he feels like because I mean, it

1386
01:06:26,200 --> 01:06:29,400
Speaker 2: looks very much like the Trump administration intervened directly with

1387
01:06:29,480 --> 01:06:31,800
Speaker 2: the Romanian government, So maybe he feels like you've got

1388
01:06:31,880 --> 01:06:35,800
Speaker 2: more protection in Romania at this point, courtesy of Trump

1389
01:06:35,800 --> 01:06:38,960
Speaker 2: and Rickernell in particular, than he does clearly in the

1390
01:06:39,000 --> 01:06:41,240
Speaker 2: state of Florida. I mean, I don't know if you

1391
01:06:41,320 --> 01:06:43,760
Speaker 2: guys have seen the videos floating around both of things

1392
01:06:43,760 --> 01:06:47,360
Speaker 2: that he has said, which you know, if true, if

1393
01:06:47,400 --> 01:06:51,120
Speaker 2: acted upon, certainly would constitute criminal behavior, or some of

1394
01:06:51,160 --> 01:06:54,320
Speaker 2: the alleged videos that are floating out there of actual abuse.

1395
01:06:54,400 --> 01:06:56,760
Speaker 2: I mean, it truly is horrifying. So for a party

1396
01:06:56,800 --> 01:07:00,080
Speaker 2: that has any semblance of caring about family values can

1397
01:07:00,200 --> 01:07:03,480
Speaker 2: understand why there's some contingent that's like, you know, maybe

1398
01:07:03,480 --> 01:07:08,040
Speaker 2: this guy really isn't the role model that we want

1399
01:07:08,080 --> 01:07:11,440
Speaker 2: to embrace here, and it is utterly discussing that the

1400
01:07:11,440 --> 01:07:14,560
Speaker 2: Trump administration intervened on behalf of this dude. Like whatever

1401
01:07:14,600 --> 01:07:17,160
Speaker 2: you think of him, that they spent their diplomatic resources

1402
01:07:17,480 --> 01:07:21,800
Speaker 2: getting this guy free is I think just absolutely disgraceful.

1403
01:07:22,200 --> 01:07:23,960
Speaker 4: With regard to the politics.

1404
01:07:23,400 --> 01:07:26,200
Speaker 2: Of it, it is kind of interesting because I'm curious

1405
01:07:26,240 --> 01:07:28,040
Speaker 2: how you read it, Cyber, but to me, it reads

1406
01:07:28,120 --> 01:07:29,720
Speaker 2: like Ron de Santis.

1407
01:07:29,840 --> 01:07:31,440
Speaker 4: First of all, I'm sure bitter about.

1408
01:07:31,200 --> 01:07:33,840
Speaker 2: The presidential campaign and blah blah blah, and he wants

1409
01:07:33,840 --> 01:07:36,760
Speaker 2: his wife to get the Senate seat and a Senate

1410
01:07:36,800 --> 01:07:39,919
Speaker 2: seat right or governor which one is governor governor, Yeah,

1411
01:07:40,000 --> 01:07:43,360
Speaker 2: after he goes, and so there's that piece. But also

1412
01:07:43,480 --> 01:07:49,640
Speaker 2: I think he's positioning himself for a theoretical post Trump GOP,

1413
01:07:50,600 --> 01:07:53,520
Speaker 2: where you know, in theory, at least this is the

1414
01:07:53,600 --> 01:07:58,560
Speaker 2: last time Trump can run for president, and I think DeSantis,

1415
01:07:58,760 --> 01:08:03,960
Speaker 2: perhaps foolishly, is calculating that maybe after this term there

1416
01:08:04,000 --> 01:08:06,160
Speaker 2: will be a desire for someone who showed a little

1417
01:08:06,160 --> 01:08:08,280
Speaker 2: bit of independence from Trump, had a little bit of

1418
01:08:08,280 --> 01:08:11,760
Speaker 2: principle on something somewhere that they can point to that

1419
01:08:11,880 --> 01:08:14,160
Speaker 2: was distinct from just being part of, you know, the

1420
01:08:14,200 --> 01:08:18,120
Speaker 2: Trump band of sycophants. But you know, I'm not really

1421
01:08:18,160 --> 01:08:20,080
Speaker 2: sure that he's right about that, But I do think

1422
01:08:20,080 --> 01:08:20,800
Speaker 2: that that's kind of the.

1423
01:08:20,760 --> 01:08:23,120
Speaker 4: Calculus that he's that he's engaging in here.

1424
01:08:23,200 --> 01:08:25,559
Speaker 3: It could be, But then I don't know why Byron Donald's,

1425
01:08:25,560 --> 01:08:27,800
Speaker 3: who is like as maga and as Trump as it gets,

1426
01:08:27,800 --> 01:08:30,599
Speaker 3: would back him up because and that's actually the other thing.

1427
01:08:30,680 --> 01:08:32,040
Speaker 4: I think that's political calculate.

1428
01:08:32,040 --> 01:08:33,760
Speaker 2: I mean, because most people are going to look at

1429
01:08:33,760 --> 01:08:36,240
Speaker 2: this dude and be like, yeah, this is imhorrent. So

1430
01:08:36,400 --> 01:08:38,760
Speaker 2: if he wants to run, you know, if he's running

1431
01:08:38,760 --> 01:08:41,000
Speaker 2: in the state which he is, I just read that

1432
01:08:41,320 --> 01:08:44,960
Speaker 2: is feeling some political pressure to take a stance against

1433
01:08:44,960 --> 01:08:46,919
Speaker 2: something that would be wildly unpopular.

1434
01:08:47,080 --> 01:08:47,919
Speaker 1: I think it's possible.

1435
01:08:47,960 --> 01:08:49,800
Speaker 3: I will tell you that whole Trump thing is not

1436
01:08:49,880 --> 01:08:52,439
Speaker 3: confirmed one hundred percent. It was according to the Financial Times.

1437
01:08:52,479 --> 01:08:55,240
Speaker 3: They claim Rickell Grenell denies it. So that that's the

1438
01:08:55,280 --> 01:08:57,880
Speaker 3: only thing that's come back to. Don't forget. I mean,

1439
01:08:57,920 --> 01:09:00,320
Speaker 3: he is an American citizen. He's a dual Romance, an

1440
01:09:00,320 --> 01:09:03,160
Speaker 3: American national, has full entry rights to the United States.

1441
01:09:03,200 --> 01:09:05,759
Speaker 3: It could come and go, as he pleads, not in defense.

1442
01:09:05,800 --> 01:09:07,840
Speaker 3: I'm just saying he's got the US passport, okay, so

1443
01:09:08,000 --> 01:09:10,400
Speaker 3: like he doesn't have to he doesn't have to apply.

1444
01:09:10,280 --> 01:09:12,360
Speaker 1: Or whatever to be released.

1445
01:09:12,960 --> 01:09:15,320
Speaker 3: It is, of course noting that he was barred from

1446
01:09:15,920 --> 01:09:19,280
Speaker 3: leaving the country for almost two years while that continues.

1447
01:09:19,800 --> 01:09:22,680
Speaker 1: Like I said, you could spend ninety.

1448
01:09:22,360 --> 01:09:25,000
Speaker 3: Hours going back and forth, as you said about there's

1449
01:09:25,040 --> 01:09:27,840
Speaker 3: things on video, things he said it claims never did them.

1450
01:09:28,080 --> 01:09:30,160
Speaker 1: There are people who have anonymously suit him.

1451
01:09:30,160 --> 01:09:32,960
Speaker 3: There are multiple people, I think in the UK where

1452
01:09:33,000 --> 01:09:35,680
Speaker 3: they want and seek his extradition. I know there is

1453
01:09:35,720 --> 01:09:39,240
Speaker 3: an American unidentified woman who claims to have been, you know,

1454
01:09:39,320 --> 01:09:42,880
Speaker 3: a victim of the so called human trafficking network, etc.

1455
01:09:43,360 --> 01:09:45,439
Speaker 3: You could even put all that criminal stuff aside and

1456
01:09:45,479 --> 01:09:49,200
Speaker 3: actually just focus purely on all this like demonization of

1457
01:09:49,720 --> 01:09:54,640
Speaker 3: family life, marriage, you know, so many of the views

1458
01:09:55,000 --> 01:09:57,280
Speaker 3: that he has espoused in the past. Look, I think

1459
01:09:57,280 --> 01:09:58,960
Speaker 3: he has the right to say them, but you know,

1460
01:09:58,960 --> 01:10:01,439
Speaker 3: I don't think necessarily is a good thing or whatever

1461
01:10:01,520 --> 01:10:04,679
Speaker 3: to be celebrated. And that's part of the reason why

1462
01:10:04,840 --> 01:10:08,360
Speaker 3: I find it pretty annoying. It's also pretty I had

1463
01:10:08,360 --> 01:10:11,120
Speaker 3: this discussion with Andrew Schaltz. It's like, as much as

1464
01:10:11,120 --> 01:10:13,240
Speaker 3: this guy shits all over America and he's like pushing

1465
01:10:13,280 --> 01:10:19,240
Speaker 3: his like weird quasi Sharia slash. It's like Islamic hedonism.

1466
01:10:19,320 --> 01:10:22,920
Speaker 3: Whatever his brand is now currently, it's like, oh, you

1467
01:10:23,040 --> 01:10:25,960
Speaker 3: can come back to big, big bad America. Whatever it

1468
01:10:26,040 --> 01:10:28,479
Speaker 3: suits you now. Doesn't it as much shit if you

1469
01:10:28,600 --> 01:10:31,760
Speaker 3: talked now over the years. So even pinning down this

1470
01:10:31,800 --> 01:10:35,240
Speaker 3: guy's like personal views or whatever is like pretty difficult.

1471
01:10:35,320 --> 01:10:38,080
Speaker 1: I find it. I'm all, like, pretty abhorrent and gross.

1472
01:10:38,320 --> 01:10:40,920
Speaker 3: I understand why, you know, if you're a fourteen year

1473
01:10:40,960 --> 01:10:43,960
Speaker 3: old dude online, yeah, I get why it might resonate

1474
01:10:44,000 --> 01:10:48,479
Speaker 3: a little bit with you. But overall, politically, this from

1475
01:10:48,520 --> 01:10:54,800
Speaker 3: the dysantist administration, I haven't seen much organic pushback against it.

1476
01:10:55,280 --> 01:10:55,840
Speaker 1: I could be.

1477
01:10:55,800 --> 01:10:58,400
Speaker 3: Wrong, but I do think that the damn has broken

1478
01:10:58,439 --> 01:11:02,040
Speaker 3: a little bit. He's on the conservative commentariat and all

1479
01:11:02,080 --> 01:11:04,240
Speaker 3: of that that are backing up Desantas. And I don't

1480
01:11:04,240 --> 01:11:06,960
Speaker 3: see like some grand army that's going to be going

1481
01:11:07,000 --> 01:11:11,760
Speaker 3: against uh, going against Byron Donald's and or Ron DeSantis

1482
01:11:12,160 --> 01:11:16,679
Speaker 3: for either accepting or pursuing this investigation against the Tape Brothers.

1483
01:11:16,720 --> 01:11:19,160
Speaker 1: It is a fascinating saga though, in and of itself.

1484
01:11:19,720 --> 01:11:20,120
Speaker 4: Yeah.

1485
01:11:20,160 --> 01:11:23,680
Speaker 2: Well, and he was on with Candice Owens and you know,

1486
01:11:23,880 --> 01:11:28,559
Speaker 2: explaining his you know, his Irisian and very upset and whatever.

1487
01:11:28,640 --> 01:11:30,360
Speaker 2: Let's take a listen to a little bit of that.

1488
01:11:30,840 --> 01:11:33,479
Speaker 14: Arrest me, purp, walk me, put me on the news.

1489
01:11:33,640 --> 01:11:35,720
Speaker 14: Tell one I'm human, draft or you think I'm all verse,

1490
01:11:35,920 --> 01:11:38,160
Speaker 14: you think I'm already I'm a baby seal in this

1491
01:11:38,200 --> 01:11:40,320
Speaker 14: shit fucking Come get me right in my house, take

1492
01:11:40,360 --> 01:11:42,680
Speaker 14: my stuff. You think I sleep with a phone full

1493
01:11:42,720 --> 01:11:45,120
Speaker 14: of evidence. You think I don't wipe my phone every night,

1494
01:11:45,120 --> 01:11:47,880
Speaker 14: You think I'm dumb, Come get me, arrest me, Let's

1495
01:11:47,920 --> 01:11:48,720
Speaker 14: do this all over you.

1496
01:11:48,760 --> 01:11:51,040
Speaker 1: I've better every time.

1497
01:11:51,080 --> 01:11:52,920
Speaker 2: I was gonna say, actually, do you think you're kind

1498
01:11:52,920 --> 01:11:55,800
Speaker 2: of tomb because if you're like I don't sleep with

1499
01:11:55,840 --> 01:11:58,360
Speaker 2: a phone full of evidence, I wipe it every night,

1500
01:11:58,360 --> 01:12:00,800
Speaker 2: It's like, okay, well what evidence was on there that

1501
01:12:00,880 --> 01:12:04,679
Speaker 2: you're trying to hide? So that's weird, really the kind

1502
01:12:04,680 --> 01:12:07,840
Speaker 2: of thing that people who are innocent of these said

1503
01:12:07,880 --> 01:12:09,120
Speaker 2: allegations typically do.

1504
01:12:09,320 --> 01:12:12,200
Speaker 1: But there you go, so innocent to proven guilty.

1505
01:12:12,680 --> 01:12:15,720
Speaker 3: Yeah, I mean I tell to me was oh, I'm

1506
01:12:15,720 --> 01:12:18,559
Speaker 3: going back to Romania because I'm like, okay, well, then

1507
01:12:18,560 --> 01:12:20,360
Speaker 3: here a lot more. And by the way, you should

1508
01:12:20,400 --> 01:12:23,160
Speaker 3: be more afraid in Romania. Look, I'm only assuming no offense.

1509
01:12:23,280 --> 01:12:25,479
Speaker 3: Romania but it seems like a place we could probably

1510
01:12:25,560 --> 01:12:27,840
Speaker 3: buy your way out of some trouble. You're here in

1511
01:12:27,880 --> 01:12:30,639
Speaker 3: the United States of America. You're gonna need a few

1512
01:12:30,680 --> 01:12:33,160
Speaker 3: billion dollars to buy yourself out of trouble, not a

1513
01:12:33,160 --> 01:12:37,120
Speaker 3: few hundred million or whatever from your multi level marketing schemes.

1514
01:12:37,160 --> 01:12:41,439
Speaker 3: So anyway, it's fascinating, fascinating story. We'll continue to keep

1515
01:12:41,600 --> 01:12:45,880
Speaker 3: everybody updated. Already sure that this will go extremely viral.

1516
01:12:46,320 --> 01:12:49,640
Speaker 3: Just in terms of in terms of this all this

1517
01:12:50,040 --> 01:12:53,280
Speaker 3: coverage of this fascination over the Tate brothers, I do

1518
01:12:53,320 --> 01:12:56,760
Speaker 3: recommend everybody go watch our Ali Betstucky interview about Andrew

1519
01:12:56,800 --> 01:12:58,559
Speaker 3: Chain that maybe from a year or two ago.

1520
01:12:58,920 --> 01:13:00,600
Speaker 1: I thought she did an excellent on that.

1521
01:13:00,760 --> 01:13:02,559
Speaker 2: Yeah, she really was kind of a leader on it

1522
01:13:02,600 --> 01:13:04,559
Speaker 2: because at that point, I think it was much harder

1523
01:13:04,720 --> 01:13:07,360
Speaker 2: for someone who's conservative to come out and say the

1524
01:13:07,400 --> 01:13:09,120
Speaker 2: things and be critical of him in the way that

1525
01:13:09,200 --> 01:13:11,680
Speaker 2: she was, So she was, you know, principled on that.

1526
01:13:12,120 --> 01:13:13,360
Speaker 4: And then the last thing I'll say.

1527
01:13:13,200 --> 01:13:15,479
Speaker 2: In terms of just like investigations in charge is just

1528
01:13:15,560 --> 01:13:18,400
Speaker 2: keep in mind that if it was state charges that

1529
01:13:18,400 --> 01:13:21,639
Speaker 2: were filed against him, like Trump can't pardon him for those,

1530
01:13:22,160 --> 01:13:24,080
Speaker 2: So you know, I think that would be another part

1531
01:13:24,120 --> 01:13:25,200
Speaker 2: of the calculus of flag.

1532
01:13:25,880 --> 01:13:27,599
Speaker 4: Yo, I was just here on vacation.

1533
01:13:27,880 --> 01:13:30,439
Speaker 2: I'm just like I'm leaving now, headed back to Romania.

1534
01:13:30,520 --> 01:13:33,040
Speaker 2: See you guys later. Was never really planning on staying.

1535
01:13:34,000 --> 01:13:39,519
Speaker 2: But yeah, some interesting pseudo divides in the MAGA coalition

1536
01:13:39,720 --> 01:13:42,679
Speaker 2: that remind me also of some of the discussion which

1537
01:13:42,680 --> 01:13:45,679
Speaker 2: we also talked to Ali Bestechi about about Elon and

1538
01:13:45,720 --> 01:13:48,759
Speaker 2: Ashley Saint Clair and the you know, the whole baby

1539
01:13:48,800 --> 01:13:51,040
Speaker 2: Mama drama situation there with him too.

1540
01:13:51,800 --> 01:13:54,280
Speaker 1: Yep, absolutely so, Crystal, what are you taking a look at?

1541
01:13:56,880 --> 01:14:01,160
Speaker 2: Well, we've just received some new troubling a news. According

1542
01:14:01,240 --> 01:14:05,360
Speaker 2: to ADP, private employers added just seventy seven thousand jobs

1543
01:14:05,439 --> 01:14:08,400
Speaker 2: last month. That is far fewer than the one hundred

1544
01:14:08,439 --> 01:14:11,599
Speaker 2: and forty eight thousand that they expected. Now this adds

1545
01:14:11,720 --> 01:14:13,920
Speaker 2: one more sign that the economy is teetering on the

1546
01:14:13,960 --> 01:14:15,320
Speaker 2: brink of a crash.

1547
01:14:15,479 --> 01:14:16,599
Speaker 4: But the Trump.

1548
01:14:16,400 --> 01:14:19,880
Speaker 2: Administration they've got a solution. They're implementing a plan to

1549
01:14:20,000 --> 01:14:22,800
Speaker 2: cook the books and make it look like things are

1550
01:14:22,800 --> 01:14:26,000
Speaker 2: going better than they actually are. So it all started,

1551
01:14:26,040 --> 01:14:28,719
Speaker 2: as most things do, in Trump two point zero, with Elon,

1552
01:14:29,040 --> 01:14:31,680
Speaker 2: who offered some significant cope on Twitter and response to

1553
01:14:31,720 --> 01:14:34,320
Speaker 2: a new projection from the Atlanta Fed that GDP was

1554
01:14:34,360 --> 01:14:37,360
Speaker 2: set to fall off a cliff, so Elon tweeted this,

1555
01:14:38,040 --> 01:14:42,560
Speaker 2: a more accurate measure of GDP would exclude government spending. Otherwise,

1556
01:14:42,600 --> 01:14:45,680
Speaker 2: you can scale GDP artificially high by spending money on

1557
01:14:45,720 --> 01:14:48,040
Speaker 2: things that don't make people's lives better. For example, you

1558
01:14:48,040 --> 01:14:50,639
Speaker 2: could shift everyone who is building cars to working at

1559
01:14:50,640 --> 01:14:53,800
Speaker 2: the DMV. That would result in no cars and a

1560
01:14:53,920 --> 01:14:56,640
Speaker 2: much worse standard of living, but GDP would appear to

1561
01:14:56,680 --> 01:14:59,960
Speaker 2: be the same. So, as is often the case, his

1562
01:15:00,000 --> 01:15:03,240
Speaker 2: this post was hit with a community note, as users responded, Hey,

1563
01:15:03,640 --> 01:15:06,240
Speaker 2: we actually already have that metric that you're looking for.

1564
01:15:06,400 --> 01:15:10,040
Speaker 2: It's called value added by private industries. What's more, that

1565
01:15:10,120 --> 01:15:13,759
Speaker 2: metric has continued to rise as a percent of overall GDP,

1566
01:15:14,000 --> 01:15:17,439
Speaker 2: even under supposed big government Democrats like Obama and Biden.

1567
01:15:17,960 --> 01:15:21,720
Speaker 2: But since Elon is our unelected CEO dictatorator King, his

1568
01:15:22,000 --> 01:15:26,599
Speaker 2: random Twitter musings are now rapidly becoming government policy. Days later,

1569
01:15:26,960 --> 01:15:30,080
Speaker 2: Commerce Secretary Howard Lutnik took to Fox News to announce

1570
01:15:30,200 --> 01:15:33,040
Speaker 2: he was looking at changing how GDP is calculated in

1571
01:15:33,080 --> 01:15:36,240
Speaker 2: line with exactly what Elon just said, take a listen.

1572
01:15:36,680 --> 01:15:39,639
Speaker 15: How worried should we be about an economy that is slowing?

1573
01:15:39,680 --> 01:15:42,559
Speaker 15: In all of this, we saw the GDP last week.

1574
01:15:42,960 --> 01:15:44,800
Speaker 1: There are new worries.

1575
01:15:44,439 --> 01:15:46,960
Speaker 15: That the Wall Street Journal wrote about worries mounting that

1576
01:15:47,000 --> 01:15:49,440
Speaker 15: the Trump agenda testing economies resilience.

1577
01:15:49,680 --> 01:15:50,840
Speaker 1: The Lindsay Group out.

1578
01:15:50,720 --> 01:15:53,640
Speaker 15: With a report can doge induce a recession?

1579
01:15:54,680 --> 01:15:56,400
Speaker 1: Are any of these moves worrying.

1580
01:15:56,200 --> 01:15:58,160
Speaker 15: You that we're actually going to see it cut into

1581
01:15:58,200 --> 01:15:59,400
Speaker 15: growth over the near term?

1582
01:15:59,520 --> 01:15:59,960
Speaker 1: Negative?

1583
01:16:02,520 --> 01:16:06,559
Speaker 7: No, no, no. So let's you know, the Commerce Department

1584
01:16:06,640 --> 01:16:10,800
Speaker 7: runs the statistics of GDP. You know the governments historically

1585
01:16:10,840 --> 01:16:14,800
Speaker 7: have messed with GDP. They count government spending as part

1586
01:16:14,800 --> 01:16:17,320
Speaker 7: of GDP. So I'm going to separate those two and

1587
01:16:17,360 --> 01:16:21,000
Speaker 7: make it transparent that lower government spending. It's one thing.

1588
01:16:21,040 --> 01:16:23,519
Speaker 7: It goes like this, If the government buys a tank,

1589
01:16:23,600 --> 01:16:27,479
Speaker 7: that's GDP, but paying a thousand people to think about

1590
01:16:27,520 --> 01:16:32,880
Speaker 7: buying a tank is not GDP. That is wasted inefficiency,

1591
01:16:33,360 --> 01:16:37,320
Speaker 7: wasted money, and cutting that while it shows in GDP.

1592
01:16:37,520 --> 01:16:39,000
Speaker 7: We're going to get rid of that. We're going to

1593
01:16:39,080 --> 01:16:40,040
Speaker 7: show you how that is.

1594
01:16:40,520 --> 01:16:42,400
Speaker 4: So let me just to code that for you.

1595
01:16:42,479 --> 01:16:44,760
Speaker 2: Since Republicans led by Elon are in the middle of

1596
01:16:44,800 --> 01:16:48,680
Speaker 2: destroying the government, mass buying workers, and attacking medicaid. They

1597
01:16:48,680 --> 01:16:51,280
Speaker 2: don't really want the numbers to accurately reflect the way

1598
01:16:51,280 --> 01:16:55,200
Speaker 2: that their austerity for you, socialism for the rich agenda

1599
01:16:55,400 --> 01:16:58,599
Speaker 2: is actually really bad for the entire economy, so instead

1600
01:16:58,840 --> 01:16:59,760
Speaker 2: they're just going to hide it.

1601
01:17:00,160 --> 01:17:00,960
Speaker 4: But that's not all.

1602
01:17:01,040 --> 01:17:05,240
Speaker 2: The Trump administration just announced they're completely disbanding two different

1603
01:17:05,280 --> 01:17:10,280
Speaker 2: committees that both assist in producing accurate economic statistics. According

1604
01:17:10,320 --> 01:17:12,360
Speaker 2: to The Wall Street Journal, one of the committees was

1605
01:17:12,400 --> 01:17:17,040
Speaker 2: particularly important for tracking inflation, employment, economic growth. Seems pretty

1606
01:17:17,040 --> 01:17:19,880
Speaker 2: important to know about those things. So GDP is being

1607
01:17:20,040 --> 01:17:23,600
Speaker 2: quote messed with, and committees that helped to keep statistics

1608
01:17:23,640 --> 01:17:27,839
Speaker 2: accurate are being eliminated. They're asking you to not believe

1609
01:17:28,040 --> 01:17:31,439
Speaker 2: your lying bank accounts. Now, Lutnik and Elon's alliance is

1610
01:17:31,479 --> 01:17:33,559
Speaker 2: actually an important one to watch. Is kind of interesting.

1611
01:17:33,600 --> 01:17:35,800
Speaker 2: This isn't the first time they've been hand in glove

1612
01:17:35,840 --> 01:17:39,720
Speaker 2: with their ideological agenda, which mainly centers around austerity for

1613
01:17:39,800 --> 01:17:42,200
Speaker 2: you and billions for them and for their rich buddies.

1614
01:17:42,600 --> 01:17:46,240
Speaker 2: You might recall Elon backed Lutnik for Treasury Secretary, which

1615
01:17:46,280 --> 01:17:49,720
Speaker 2: is generally considered a more powerful position than Commerce secretary.

1616
01:17:50,000 --> 01:17:52,719
Speaker 2: He tweeted at the time that Lutnik would quote actually

1617
01:17:52,840 --> 01:17:57,000
Speaker 2: enact change over the quote business as usual, Scott Bessant now.

1618
01:17:57,080 --> 01:18:01,360
Speaker 2: Lutnik also famously introduced Elon at that infamous Madison Square

1619
01:18:01,400 --> 01:18:05,080
Speaker 2: Garden rally, asking him how much he would rip out.

1620
01:18:04,840 --> 01:18:08,320
Speaker 4: Of Biden's wasted budget. Let's take a listen for the

1621
01:18:08,439 --> 01:18:13,960
Speaker 4: greatest capitalist in the history of the United States of America,

1622
01:18:14,720 --> 01:18:16,120
Speaker 4: Elon must.

1623
01:18:23,160 --> 01:18:24,520
Speaker 1: I've only got one question.

1624
01:18:24,280 --> 01:18:25,960
Speaker 7: For you that I'm getting out of here because this

1625
01:18:26,120 --> 01:18:27,040
Speaker 7: is your stage.

1626
01:18:27,520 --> 01:18:28,960
Speaker 1: But we set up doge.

1627
01:18:29,360 --> 01:18:32,760
Speaker 14: Yes, how much do you think we can rip out

1628
01:18:32,800 --> 01:18:38,120
Speaker 14: of this wasted six point five trillion dollars Harris Biden budget?

1629
01:18:38,800 --> 01:18:39,479
Speaker 6: Well, I think we.

1630
01:18:39,760 --> 01:18:43,759
Speaker 16: Could do at least two trillion, Yeah.

1631
01:18:43,439 --> 01:18:44,719
Speaker 1: Yes, two trillions.

1632
01:18:45,880 --> 01:18:48,679
Speaker 16: I mean, at the end of the day, you're being taxed.

1633
01:18:49,320 --> 01:18:53,800
Speaker 16: You're being taxed old gouvern spending, taxation. So whether it's

1634
01:18:53,880 --> 01:18:57,080
Speaker 16: it's direct taxation or old gum spending, it either becomes

1635
01:18:57,080 --> 01:19:00,839
Speaker 16: inflation or it's it's direct taxation. Your money being wasted,

1636
01:19:01,520 --> 01:19:04,240
Speaker 16: and the Department of Government DIVISIONCY is going to fix that.

1637
01:19:05,080 --> 01:19:08,000
Speaker 2: So I suspect Elon sees Lutnik as a pretty useful

1638
01:19:08,040 --> 01:19:10,960
Speaker 2: ally in advancing Elon's agenda, and that's of course to

1639
01:19:11,000 --> 01:19:13,320
Speaker 2: gut and defenestrate the government so it can't check the

1640
01:19:13,360 --> 01:19:16,120
Speaker 2: power of his own companies, and also of course, to

1641
01:19:16,200 --> 01:19:18,519
Speaker 2: loot the treasury so he can become a trillionaire and

1642
01:19:18,600 --> 01:19:20,960
Speaker 2: make it to Mars, two goals he must have realized

1643
01:19:21,000 --> 01:19:24,080
Speaker 2: were really pretty impossible without hijacking the whole of the

1644
01:19:24,200 --> 01:19:27,519
Speaker 2: US federal government. This new scheme to cook the books

1645
01:19:27,520 --> 01:19:31,440
Speaker 2: on GDP also aligns with Elon's and arco capitalist ideology,

1646
01:19:31,640 --> 01:19:35,400
Speaker 2: which views all government activity as quote non productive, except

1647
01:19:35,400 --> 01:19:37,559
Speaker 2: of course for that government activity which blows into the

1648
01:19:37,560 --> 01:19:40,640
Speaker 2: bockets of Elon himself personally and helps to finance and

1649
01:19:40,640 --> 01:19:45,080
Speaker 2: further his own ambitions. Changing GDP to ignore government inputs

1650
01:19:45,200 --> 01:19:48,640
Speaker 2: both backs up his tech feudalist ideology of mass privatization

1651
01:19:49,000 --> 01:19:51,520
Speaker 2: and also is going to help cover up the damage

1652
01:19:51,560 --> 01:19:55,200
Speaker 2: that DOGE is causing in real time. Now, Listen, GDP

1653
01:19:55,400 --> 01:19:58,080
Speaker 2: is far from a perfect metric. It certainly shouldn't be

1654
01:19:58,200 --> 01:20:00,880
Speaker 2: used to judge general well being if that's the only

1655
01:20:00,920 --> 01:20:03,720
Speaker 2: thing you're looking at. In fact, assuming GDP growth is

1656
01:20:03,760 --> 01:20:05,519
Speaker 2: the end all be all, was one of the core

1657
01:20:05,560 --> 01:20:09,320
Speaker 2: failures of the neoliberal era. Who cares after all, GDP

1658
01:20:09,439 --> 01:20:12,320
Speaker 2: grows if all the gains are ultimately flowing to the top.

1659
01:20:12,800 --> 01:20:15,360
Speaker 2: But as with most everything in the Trump administration, the

1660
01:20:15,400 --> 01:20:18,840
Speaker 2: proposal here would take something that is already bad and make.

1661
01:20:18,720 --> 01:20:19,360
Speaker 4: It much worse.

1662
01:20:19,720 --> 01:20:22,920
Speaker 2: Do we really believe that government spending and investment is

1663
01:20:22,960 --> 01:20:27,120
Speaker 2: meaningless and contributes nothing to the economy. We're talking about infrastructure, research,

1664
01:20:27,160 --> 01:20:31,360
Speaker 2: electricity generation, public schools, all meant to be ignored as

1665
01:20:31,439 --> 01:20:34,520
Speaker 2: drivers of real productive economic activity.

1666
01:20:34,600 --> 01:20:36,080
Speaker 4: It's insanity, it's stupidity.

1667
01:20:36,479 --> 01:20:40,080
Speaker 2: It also creates absurd situations like a private four higher

1668
01:20:40,120 --> 01:20:43,519
Speaker 2: fire department being counted towards GDP and the traditional government

1669
01:20:43,640 --> 01:20:46,880
Speaker 2: backed variety not or private school teachers counting but not

1670
01:20:46,960 --> 01:20:50,479
Speaker 2: public school teachers. This new selective metric would do more

1671
01:20:50,520 --> 01:20:53,000
Speaker 2: to confuse and hide than to illuminate.

1672
01:20:53,120 --> 01:20:55,160
Speaker 4: But of course that is exactly the point here.

1673
01:20:55,720 --> 01:20:58,360
Speaker 2: Now the economy is turning sour fast, not that it

1674
01:20:58,439 --> 01:21:01,000
Speaker 2: was really amazing before. Again the theme of taking something

1675
01:21:01,040 --> 01:21:03,800
Speaker 2: bad and making it even worse. But consumer spending has

1676
01:21:03,880 --> 01:21:06,519
Speaker 2: dropped by the largest amount in years, Consumer confidence of

1677
01:21:06,600 --> 01:21:10,000
Speaker 2: falling off a cliff. The housing market is truly paralyzed,

1678
01:21:10,000 --> 01:21:13,160
Speaker 2: the stock market, it's all over the place. Job creation

1679
01:21:13,400 --> 01:21:16,000
Speaker 2: is plummeting, and contrary to what Elon and Lunnik wants

1680
01:21:16,000 --> 01:21:20,120
Speaker 2: you to think, gutting government, firing workers, slashing social safety

1681
01:21:20,160 --> 01:21:22,280
Speaker 2: net programs, that is going to be really bad for

1682
01:21:22,320 --> 01:21:26,559
Speaker 2: the economy overall and specifically for regular people and their

1683
01:21:26,640 --> 01:21:29,880
Speaker 2: experience of the economy. In fact, the oligarch agenda that

1684
01:21:29,920 --> 01:21:33,040
Speaker 2: has been rapidly implemented is deeply destructive to the non

1685
01:21:33,080 --> 01:21:36,240
Speaker 2: GDP metrics that actually really do matter for people's lives.

1686
01:21:36,439 --> 01:21:39,879
Speaker 2: The Wall Street Journal recently reported a record breaking amount

1687
01:21:40,080 --> 01:21:43,280
Speaker 2: of our economic activity now is just from rich people

1688
01:21:43,280 --> 01:21:46,599
Speaker 2: spending money, since increasingly they're the only ones who actually

1689
01:21:46,600 --> 01:21:49,639
Speaker 2: have money to spend. The top ten percent of all

1690
01:21:49,680 --> 01:21:53,320
Speaker 2: earners make up now half of all spending. Just three

1691
01:21:53,360 --> 01:21:55,479
Speaker 2: decades ago, back when I was a teenager, they only

1692
01:21:55,479 --> 01:21:58,880
Speaker 2: made up a third of all spending. That represents an

1693
01:21:58,920 --> 01:22:03,280
Speaker 2: extraordinary concentration of wealth and power among the few, a

1694
01:22:03,320 --> 01:22:06,639
Speaker 2: realignment of resources, a collapse of prosperity for ordinary people

1695
01:22:06,680 --> 01:22:08,160
Speaker 2: at a record breaking pace.

1696
01:22:08,520 --> 01:22:08,640
Speaker 4: Now.

1697
01:22:08,640 --> 01:22:11,000
Speaker 2: The response this new gilded age by the trumpet admin

1698
01:22:11,120 --> 01:22:15,080
Speaker 2: is a cartoonishly pro oligarch agenda. They'll hype prices through

1699
01:22:15,080 --> 01:22:19,040
Speaker 2: Tariff's massively or progressive impact. There, gut the agencies that

1700
01:22:19,120 --> 01:22:22,200
Speaker 2: curb the scams that benefit the rich, destroy the threadbare

1701
01:22:22,320 --> 01:22:25,360
Speaker 2: programs that working class and poor Americans rely upon, and

1702
01:22:25,439 --> 01:22:28,920
Speaker 2: implement a four trillion dollar tax cut that goes straight

1703
01:22:29,040 --> 01:22:32,320
Speaker 2: to the rich, all while opening new foreign opportunities for

1704
01:22:32,439 --> 01:22:36,639
Speaker 2: American billionaire plunder. So how successful do I think these

1705
01:22:36,640 --> 01:22:40,519
Speaker 2: efforts to cover up economic reality will ultimately be? How

1706
01:22:40,600 --> 01:22:43,760
Speaker 2: will their cooking of the books go? Since people have

1707
01:22:43,840 --> 01:22:46,640
Speaker 2: their own personal experience of the economy, I kind of

1708
01:22:46,640 --> 01:22:49,120
Speaker 2: doubt that it's going to be all that successful. You

1709
01:22:49,120 --> 01:22:51,920
Speaker 2: can ask Soviet Russia how these sorts of projects typically go,

1710
01:22:52,439 --> 01:22:54,479
Speaker 2: or you could ask the Democrats who wanted to deny

1711
01:22:54,520 --> 01:22:57,200
Speaker 2: the reality that for ordinary people, the Biden economy was

1712
01:22:57,280 --> 01:23:00,639
Speaker 2: far from great. The fakery will be unable to fully

1713
01:23:00,960 --> 01:23:05,439
Speaker 2: mask economic reality. But I will say Elin and Trump

1714
01:23:05,680 --> 01:23:09,559
Speaker 2: they are both masters at concocting alternative realities, with far

1715
01:23:09,640 --> 01:23:12,200
Speaker 2: greater talent at it than people like Biden and Schumer.

1716
01:23:12,600 --> 01:23:16,200
Speaker 2: They have hardcore cult followings who've proven willing to suspend

1717
01:23:16,240 --> 01:23:19,479
Speaker 2: reality in order to believe the pronouncements of their dear leaders.

1718
01:23:19,960 --> 01:23:23,800
Speaker 2: These manipulate economic statistics will be one weapon of gas

1719
01:23:23,920 --> 01:23:27,679
Speaker 2: lighting to feed their fabricated fantasy lands and further their

1720
01:23:27,720 --> 01:23:31,160
Speaker 2: postmodernist project where facts and truth are discarded in favor

1721
01:23:31,240 --> 01:23:35,400
Speaker 2: of vibes and narratives. How successful this elaborate gaslighting is

1722
01:23:35,479 --> 01:23:38,479
Speaker 2: going to be, well, that depends on how undeniable the

1723
01:23:38,560 --> 01:23:42,360
Speaker 2: fact of economic pain becomes. All right, guys, we've got

1724
01:23:42,439 --> 01:23:45,479
Speaker 2: Zoron Mondami for us. Next, let's take a listen. So

1725
01:23:45,560 --> 01:23:48,600
Speaker 2: you've really got a pretty interesting race shaping up for

1726
01:23:48,760 --> 01:23:52,439
Speaker 2: New York City mayor. You've got the scandal plaggued Eric Adams,

1727
01:23:52,479 --> 01:23:55,639
Speaker 2: who still is refusing to resign at this point. Andrew

1728
01:23:55,720 --> 01:23:59,080
Speaker 2: Cuomo has just entered the race, also sort of scandal plagged,

1729
01:23:59,080 --> 01:24:02,360
Speaker 2: but kind of a political juggernaut as well, and leading

1730
01:24:02,360 --> 01:24:05,240
Speaker 2: a pack of the more progressive candidates right now is

1731
01:24:05,280 --> 01:24:09,599
Speaker 2: a really interesting upstart Democratic socialist candidate. He's an assembly

1732
01:24:09,600 --> 01:24:12,800
Speaker 2: member named Zora Mandami. Let's take a look at a

1733
01:24:12,800 --> 01:24:14,320
Speaker 2: little bit of his campaign.

1734
01:24:14,360 --> 01:24:19,679
Speaker 4: Ada.

1735
01:24:20,439 --> 01:24:23,120
Speaker 1: New York Mayor Eric Adams has been indicted by.

1736
01:24:22,960 --> 01:24:26,400
Speaker 6: A federal Every politician says New.

1737
01:24:26,280 --> 01:24:29,160
Speaker 4: York is the greatest city own a global but what good.

1738
01:24:28,960 --> 01:24:30,639
Speaker 6: Is that if no one can afford to live here?

1739
01:24:32,080 --> 01:24:36,360
Speaker 6: City Hall is engulfed in corruption. The cost of living

1740
01:24:36,439 --> 01:24:39,519
Speaker 6: is the real crisis. New Yorkers are being crushed by

1741
01:24:39,560 --> 01:24:43,160
Speaker 6: rent and childcare, the slowest buses in the nation, robbing

1742
01:24:43,240 --> 01:24:46,400
Speaker 6: us of our time and our sanity. Working people are

1743
01:24:46,400 --> 01:24:49,679
Speaker 6: being pushed out of the city they built. A mayor

1744
01:24:49,720 --> 01:24:55,439
Speaker 6: could change this, and that's why I'm running. I'll make

1745
01:24:55,479 --> 01:24:57,160
Speaker 6: busses fast and free.

1746
01:24:57,320 --> 01:24:59,200
Speaker 4: So i can just get where I'm going.

1747
01:25:00,080 --> 01:25:03,599
Speaker 6: I'll make childcare available to all New Yorkers at no costs.

1748
01:25:03,680 --> 01:25:05,200
Speaker 4: I want to raise my kid in New York.

1749
01:25:05,800 --> 01:25:09,240
Speaker 6: And I'll freeze the rent for every single rent stabilized tenant.

1750
01:25:09,320 --> 01:25:12,320
Speaker 1: These Eric Adams rent ike are killing us.

1751
01:25:13,760 --> 01:25:16,000
Speaker 6: Life in this city doesn't need to be this hard.

1752
01:25:16,439 --> 01:25:19,960
Speaker 2: And Zorn Mandami joins us now. Welcome, great have you.

1753
01:25:20,800 --> 01:25:22,519
Speaker 6: Thank you so much for having me in such a pleasure.

1754
01:25:23,000 --> 01:25:26,559
Speaker 2: Yeah, of course, So it's been really exciting to see

1755
01:25:26,640 --> 01:25:28,960
Speaker 2: you know, your polling numbers have taken off. Of course,

1756
01:25:29,040 --> 01:25:30,880
Speaker 2: Quomas jumped in the race, and like you said, he's

1757
01:25:30,960 --> 01:25:33,080
Speaker 2: kind of a political juggernaut. But just talk to us

1758
01:25:33,080 --> 01:25:35,559
Speaker 2: a little bit about who you are, your platform and

1759
01:25:35,600 --> 01:25:37,800
Speaker 2: why you think that it is resonating at this point

1760
01:25:37,800 --> 01:25:38,840
Speaker 2: with New Yorkers.

1761
01:25:39,520 --> 01:25:43,120
Speaker 6: Absolutely I was born in Kompala, Uganda and East Africa,

1762
01:25:43,560 --> 01:25:45,200
Speaker 6: and I grew up here in New York City. I

1763
01:25:45,200 --> 01:25:47,800
Speaker 6: moved here when I was seven years old, and I

1764
01:25:47,840 --> 01:25:50,240
Speaker 6: am now in my third term as a State assembly member.

1765
01:25:50,479 --> 01:25:54,000
Speaker 6: And in my time in office, I have fought alongside

1766
01:25:54,400 --> 01:25:57,360
Speaker 6: taxi drivers to secure more than four hundred and fifty

1767
01:25:57,360 --> 01:26:00,439
Speaker 6: million dollars in debt relief for the working class drivers

1768
01:26:00,479 --> 01:26:03,679
Speaker 6: who were sold alive by the city. I have defeated

1769
01:26:03,720 --> 01:26:06,280
Speaker 6: the eighth largest carbon emitter in the country when they

1770
01:26:06,320 --> 01:26:08,960
Speaker 6: sought to build a frat gas power plant in Astoria,

1771
01:26:09,400 --> 01:26:11,280
Speaker 6: and one more than one hundred million dollars in an

1772
01:26:11,400 --> 01:26:13,880
Speaker 6: increased subway and bus service, as well as a reduction

1773
01:26:13,920 --> 01:26:16,960
Speaker 6: in the fair hike, alongside a historic fair free bus

1774
01:26:16,960 --> 01:26:19,160
Speaker 6: pilot in New York City. And all of those things

1775
01:26:19,200 --> 01:26:21,920
Speaker 6: are driven by a politics whose north star is the

1776
01:26:21,960 --> 01:26:24,519
Speaker 6: fight for working people. And that is ultimately what this

1777
01:26:24,600 --> 01:26:27,560
Speaker 6: campaign from AYR is about, making this city more affordable

1778
01:26:27,600 --> 01:26:29,760
Speaker 6: for the working class who built the city but are

1779
01:26:29,760 --> 01:26:30,520
Speaker 6: being priced.

1780
01:26:30,280 --> 01:26:30,600
Speaker 4: Out of it.

1781
01:26:31,640 --> 01:26:34,960
Speaker 2: I want to play a little bit of Quomo's announcement

1782
01:26:35,120 --> 01:26:37,920
Speaker 2: video here, which was quite lengthy, I must say, but

1783
01:26:38,720 --> 01:26:40,960
Speaker 2: I just want to get your reaction to it and

1784
01:26:41,000 --> 01:26:43,280
Speaker 2: the way he's positioning himself. Let's go ahead and take

1785
01:26:43,280 --> 01:26:44,599
Speaker 2: a listen to a little bit of what he had

1786
01:26:44,640 --> 01:26:44,960
Speaker 2: to say.

1787
01:26:45,200 --> 01:26:47,519
Speaker 17: You feel it when you walk down the street and

1788
01:26:47,600 --> 01:26:50,240
Speaker 17: try not to make eye contact with a mentally a

1789
01:26:50,240 --> 01:26:54,400
Speaker 17: homeless person, or when the anxiety rises up in your

1790
01:26:54,520 --> 01:26:58,800
Speaker 17: chest as you're walking down into the subway. You see

1791
01:26:58,840 --> 01:27:02,280
Speaker 17: it in the empty store, the graffiti, the grime, the

1792
01:27:02,360 --> 01:27:08,000
Speaker 17: migrant influx, the random violence. The city just feels threatening,

1793
01:27:08,400 --> 01:27:11,040
Speaker 17: out of control and then crisis.

1794
01:27:11,920 --> 01:27:14,760
Speaker 2: So what did you think of his video and the

1795
01:27:14,800 --> 01:27:17,240
Speaker 2: way that he is sort of situating himself in this race.

1796
01:27:18,520 --> 01:27:20,360
Speaker 6: Well, I'd be interested to know when the last time

1797
01:27:20,439 --> 01:27:22,840
Speaker 6: was that Governor Cuomo actually walked down the stairs and

1798
01:27:22,880 --> 01:27:26,120
Speaker 6: took the subway, because I can't recall that off on

1799
01:27:26,160 --> 01:27:28,080
Speaker 6: the top of my head. When it comes to him,

1800
01:27:28,160 --> 01:27:29,800
Speaker 6: given the fact that he hasn't lived in New York

1801
01:27:29,800 --> 01:27:32,360
Speaker 6: City for more than two decades, you know, he is

1802
01:27:32,439 --> 01:27:36,519
Speaker 6: trying to portray this as a city in chaos that

1803
01:27:37,000 --> 01:27:39,920
Speaker 6: requires someone like him to deliver a steady hand through

1804
01:27:39,960 --> 01:27:42,600
Speaker 6: that time. And the irony of it all is that

1805
01:27:42,680 --> 01:27:44,960
Speaker 6: he is the chaos. Many of the issues that he

1806
01:27:45,000 --> 01:27:48,680
Speaker 6: has identified are ones that are direct results of policies

1807
01:27:48,720 --> 01:27:51,679
Speaker 6: that he pursued as the governor of the state, whether

1808
01:27:51,760 --> 01:27:55,720
Speaker 6: it was shuddering hospital capacity across the city, whether it

1809
01:27:55,760 --> 01:27:58,160
Speaker 6: was cutting funding for New York City, whether it was

1810
01:27:58,160 --> 01:28:01,000
Speaker 6: stealing money from the NTA. There is so much of

1811
01:28:01,000 --> 01:28:02,920
Speaker 6: what we are living through right now that is a

1812
01:28:02,960 --> 01:28:05,920
Speaker 6: direct result of his time and Albany as a disgraced governor.

1813
01:28:06,280 --> 01:28:09,479
Speaker 6: And I understand why Andrew Cuomo is running away from

1814
01:28:09,520 --> 01:28:11,400
Speaker 6: his record because if that was my record, I would

1815
01:28:11,400 --> 01:28:12,479
Speaker 6: try to do the same as well.

1816
01:28:13,720 --> 01:28:15,720
Speaker 2: What do you think will be different for you in

1817
01:28:15,760 --> 01:28:20,200
Speaker 2: this campaign versus other progressives who ran against Eric Adams

1818
01:28:20,320 --> 01:28:22,799
Speaker 2: last time, Because I mean, I hear this Andrew Cuomo message,

1819
01:28:22,800 --> 01:28:26,320
Speaker 2: it sounds very similar. They're stylistically somewhat different, but very

1820
01:28:26,320 --> 01:28:29,160
Speaker 2: similar to the way Eric Adams positioned himself on the

1821
01:28:29,640 --> 01:28:32,240
Speaker 2: tough on crime. The chaos is going to be over.

1822
01:28:32,840 --> 01:28:35,120
Speaker 2: We're going to, you know, deal with this issue of

1823
01:28:35,640 --> 01:28:38,080
Speaker 2: your personal safety, et cetera, and kind of a law

1824
01:28:38,120 --> 01:28:41,120
Speaker 2: and order approach. So he's very much trying to put

1825
01:28:41,200 --> 01:28:43,439
Speaker 2: himself into that lane at this point.

1826
01:28:43,560 --> 01:28:46,120
Speaker 4: And look, last time around, it was successful.

1827
01:28:46,520 --> 01:28:49,760
Speaker 2: So how do you sort of respond to that and

1828
01:28:49,800 --> 01:28:52,400
Speaker 2: reassure people that you know you're going to be serious

1829
01:28:52,400 --> 01:28:55,400
Speaker 2: about the issues that they're concerned about that led them

1830
01:28:55,400 --> 01:28:57,040
Speaker 2: to vote for Eric Adams in the first place.

1831
01:28:58,479 --> 01:29:01,600
Speaker 6: You know, to your point, Andrew Cuomo is running for

1832
01:29:01,760 --> 01:29:04,559
Speaker 6: Eric Adams the second term. It's the same agenda, the

1833
01:29:04,640 --> 01:29:08,200
Speaker 6: same donors, the same chaos, the same corruption. And I

1834
01:29:08,200 --> 01:29:09,840
Speaker 6: think a lot of New Yorkers can see through that.

1835
01:29:10,360 --> 01:29:12,800
Speaker 6: But to your point about twenty twenty one, one of

1836
01:29:12,800 --> 01:29:15,240
Speaker 6: the things that I recall is Eric Adams running on

1837
01:29:15,320 --> 01:29:18,240
Speaker 6: a promise to New Yorkers that they need not choose

1838
01:29:18,280 --> 01:29:21,040
Speaker 6: between safety and justice. And I think it's easy for

1839
01:29:21,160 --> 01:29:24,320
Speaker 6: us to characterize him as a candidate then, as if

1840
01:29:24,320 --> 01:29:26,880
Speaker 6: he was a full representation of him as a mayor now,

1841
01:29:27,160 --> 01:29:31,320
Speaker 6: when in fact he did run with messages beyond that

1842
01:29:31,400 --> 01:29:33,240
Speaker 6: of the mayor he has become. And that's why so

1843
01:29:33,280 --> 01:29:35,439
Speaker 6: many New Yorkers feel betrayed, is that they did vote

1844
01:29:35,520 --> 01:29:37,320
Speaker 6: for him in the hopes that it was the son

1845
01:29:37,360 --> 01:29:40,719
Speaker 6: of the working class, deliver the outer Burroughs into city Hall.

1846
01:29:41,040 --> 01:29:44,360
Speaker 6: And yet he has been a mayor for the millionaires

1847
01:29:44,360 --> 01:29:47,120
Speaker 6: and billioniers of the city and described himself as real estate.

1848
01:29:47,640 --> 01:29:50,799
Speaker 6: And with the campaign, we are running is a campaign

1849
01:29:51,000 --> 01:29:53,200
Speaker 6: laser focused on the cost of living crisis. It is

1850
01:29:53,240 --> 01:29:57,599
Speaker 6: a campaign that says, while we must tackle the crisis

1851
01:29:57,600 --> 01:30:00,840
Speaker 6: of corruption in City Hall, that most New Yorkers cannot

1852
01:30:00,880 --> 01:30:03,360
Speaker 6: even afford to worry about that crisis because of the

1853
01:30:03,400 --> 01:30:05,759
Speaker 6: cost of living. Because if they can't afford their rent,

1854
01:30:05,880 --> 01:30:08,280
Speaker 6: or their childcare, or their groceries or their Metro card,

1855
01:30:08,520 --> 01:30:11,240
Speaker 6: they can't afford to worry about anything that's happening in

1856
01:30:11,280 --> 01:30:15,280
Speaker 6: local politics. And that also means being serious about safety.

1857
01:30:15,479 --> 01:30:17,280
Speaker 6: And I'm excited that in the next month we're going

1858
01:30:17,320 --> 01:30:21,000
Speaker 6: to be putting forward a proposal that will be unveiling

1859
01:30:21,000 --> 01:30:23,160
Speaker 6: a new department within city government called the Department of

1860
01:30:23,200 --> 01:30:27,800
Speaker 6: Community Safety that will tackle these issues that Andrew Cuomo

1861
01:30:27,920 --> 01:30:32,320
Speaker 6: is pretending to address and actually deliver substantive solutions. Because ultimately,

1862
01:30:32,320 --> 01:30:34,720
Speaker 6: what we're seeing, whether it's from Cuomo or Atoms or

1863
01:30:34,760 --> 01:30:38,559
Speaker 6: a whole host of establishment politicians, are the same ideas

1864
01:30:38,960 --> 01:30:41,479
Speaker 6: to the same crisis that is pervaded for years and

1865
01:30:41,720 --> 01:30:43,640
Speaker 6: is only going to deliver us the same results. And

1866
01:30:43,680 --> 01:30:47,120
Speaker 6: what New Yorkers deserve our outcomes, and what we're excited

1867
01:30:47,160 --> 01:30:51,080
Speaker 6: to present is data driven proposals that are built off

1868
01:30:51,120 --> 01:30:53,479
Speaker 6: of the successes we've seen in cities across the country

1869
01:30:53,720 --> 01:30:55,799
Speaker 6: that New Yorkers finally deserve to call their own.

1870
01:30:56,560 --> 01:30:58,679
Speaker 2: You know, zooming out a little bit from your race,

1871
01:30:59,360 --> 01:31:01,920
Speaker 2: and to the comments you just made, you know, the

1872
01:31:02,000 --> 01:31:04,519
Speaker 2: knock on people like you and me who have very

1873
01:31:04,600 --> 01:31:07,760
Speaker 2: similar politics is that, oh, it only appeals to this

1874
01:31:07,880 --> 01:31:10,559
Speaker 2: like sort of small sliver. Sure, an aoc Can win

1875
01:31:10,600 --> 01:31:13,000
Speaker 2: in New York City, but it doesn't have a broader appeal.

1876
01:31:13,520 --> 01:31:14,360
Speaker 4: It's these you.

1877
01:31:14,280 --> 01:31:19,439
Speaker 2: Know, affluent, young, mostly white people in Brooklyn that are

1878
01:31:20,000 --> 01:31:24,920
Speaker 2: sympathetic to your style of politics. How do you get

1879
01:31:24,960 --> 01:31:29,639
Speaker 2: beyond that caricature? How do you build a truly working

1880
01:31:29,680 --> 01:31:34,439
Speaker 2: class base, you know, multi racial working class coalition, And

1881
01:31:34,479 --> 01:31:37,120
Speaker 2: what also are the lessons for the broader Democratic Party

1882
01:31:37,160 --> 01:31:40,600
Speaker 2: about how to achieve that? As you know, those constituencies

1883
01:31:40,640 --> 01:31:43,360
Speaker 2: have been fleeing or just staying home or moving over

1884
01:31:43,400 --> 01:31:44,920
Speaker 2: to the right and voting for Republicans.

1885
01:31:47,080 --> 01:31:50,040
Speaker 6: You know, I think there's often a temptation in the

1886
01:31:50,080 --> 01:31:55,320
Speaker 6: Democratic Party to treat non white constituencies purely through the

1887
01:31:55,320 --> 01:31:59,519
Speaker 6: prism of race, as opposed to also addressing the immense

1888
01:31:59,560 --> 01:32:02,719
Speaker 6: way and when class shapes every person's life in this country,

1889
01:32:03,120 --> 01:32:06,960
Speaker 6: And what we've found is an incredible amount of success

1890
01:32:07,000 --> 01:32:10,240
Speaker 6: in speaking to Black New Yorkers and Brown New Yorkers

1891
01:32:10,240 --> 01:32:13,240
Speaker 6: and every kind of New Yorker with that same focus

1892
01:32:13,280 --> 01:32:17,080
Speaker 6: on an economic agenda, because when we look at the

1893
01:32:17,120 --> 01:32:20,000
Speaker 6: impacts of this crisis of a cost of living, these

1894
01:32:20,040 --> 01:32:22,160
Speaker 6: impacts are racialized, and what I mean by that is

1895
01:32:22,200 --> 01:32:25,760
Speaker 6: they disproportionately push black and brown New Yorkers out of

1896
01:32:25,840 --> 01:32:28,880
Speaker 6: New York City. From twenty ten to twenty nineteen, we

1897
01:32:28,960 --> 01:32:32,559
Speaker 6: lost nearly twenty percent of the city's population of black

1898
01:32:32,640 --> 01:32:36,320
Speaker 6: children teenagers nearly twenty percent because of how expensive the

1899
01:32:36,360 --> 01:32:38,320
Speaker 6: city had become and that their families had to leave.

1900
01:32:39,200 --> 01:32:41,479
Speaker 6: That is something that needs to be tackled head on

1901
01:32:41,600 --> 01:32:43,880
Speaker 6: at the source of it, which is the fact that

1902
01:32:44,240 --> 01:32:46,840
Speaker 6: rent is too expensive, childcare is too expensive, even our

1903
01:32:46,840 --> 01:32:50,120
Speaker 6: metro cards are becoming too expensive. And I think that

1904
01:32:50,200 --> 01:32:53,000
Speaker 6: the way that we actually build a message that resonates

1905
01:32:53,000 --> 01:32:57,479
Speaker 6: beyond one strip of the waterfront is by ensuring we're

1906
01:32:57,520 --> 01:32:59,920
Speaker 6: taking this message to all five boroughs. And I was

1907
01:33:00,320 --> 01:33:03,639
Speaker 6: very really heartened to see in the last fundraising period

1908
01:33:04,040 --> 01:33:06,400
Speaker 6: we had the most donations for more than one hundred

1909
01:33:06,439 --> 01:33:09,400
Speaker 6: different zip codes across New York City that we raised

1910
01:33:09,439 --> 01:33:12,840
Speaker 6: more money than any other campaign, did so from more

1911
01:33:13,000 --> 01:33:16,800
Speaker 6: New Yorkers than every other campaign combined, and ultimately an

1912
01:33:16,840 --> 01:33:21,200
Speaker 6: inspiration for this politics is also thinking about Bernie's runs

1913
01:33:21,240 --> 01:33:23,880
Speaker 6: for president, where even when he came to New York City,

1914
01:33:24,200 --> 01:33:26,400
Speaker 6: he managed to win more than forty percent of the

1915
01:33:26,479 --> 01:33:30,000
Speaker 6: vote on Staten Island, which is often considered a place

1916
01:33:30,040 --> 01:33:32,640
Speaker 6: where Democrats are that simply a name only, when in

1917
01:33:32,680 --> 01:33:35,880
Speaker 6: fact Staten Islanders are just like any other borough where

1918
01:33:35,880 --> 01:33:38,680
Speaker 6: people are feeling left behind by the economic policies of

1919
01:33:38,720 --> 01:33:42,200
Speaker 6: this mayor and of this party. And it is an

1920
01:33:42,280 --> 01:33:45,439
Speaker 6: urgent moment for us to respond by putting forward an

1921
01:33:45,439 --> 01:33:47,920
Speaker 6: alternative path that actually speaks directly to work keep people.

1922
01:33:48,600 --> 01:33:52,320
Speaker 2: What has your reception been from the sort of mainstream

1923
01:33:52,720 --> 01:33:55,680
Speaker 2: Democratic Party I've you know, I've seen some people a

1924
01:33:55,800 --> 01:33:58,559
Speaker 2: Queen Jeffrey is unwilling to say, like, hey, Eric Adams,

1925
01:33:58,600 --> 01:34:01,760
Speaker 2: maybe you should resign Kirston I brand being sympathetic to

1926
01:34:01,800 --> 01:34:04,600
Speaker 2: Andrew Cuomo, even though you know she's was at the

1927
01:34:04,640 --> 01:34:07,960
Speaker 2: forefront of the me too movement previously. But what if

1928
01:34:08,040 --> 01:34:11,679
Speaker 2: some of the you know, what has the overall reception been.

1929
01:34:12,040 --> 01:34:14,960
Speaker 2: Have people from the mainstream Democratic Party reached out to you,

1930
01:34:15,000 --> 01:34:19,400
Speaker 2: because I think it's undeniable the way you've been communicating,

1931
01:34:19,880 --> 01:34:23,720
Speaker 2: and certainly your grasp of social media and how to

1932
01:34:23,760 --> 01:34:26,759
Speaker 2: make viral content and how to understand the attention economy,

1933
01:34:26,840 --> 01:34:29,280
Speaker 2: like these are things that the Democratic Party really should

1934
01:34:29,320 --> 01:34:31,479
Speaker 2: be like trying to learn from. Do you get any

1935
01:34:31,520 --> 01:34:34,679
Speaker 2: sense of that or are they just, you know, afraid

1936
01:34:34,720 --> 01:34:38,160
Speaker 2: because you represent a different brand of politics that's not

1937
01:34:38,200 --> 01:34:40,360
Speaker 2: going to be beholden to be the corporate and the

1938
01:34:40,360 --> 01:34:41,400
Speaker 2: billionaire class.

1939
01:34:42,280 --> 01:34:44,679
Speaker 6: I think there's definitely a little bit of that fear.

1940
01:34:44,760 --> 01:34:47,360
Speaker 6: I think also there's been quite a bit of surprise.

1941
01:34:47,800 --> 01:34:50,360
Speaker 6: You know, when we launched this campaign, there were many

1942
01:34:50,400 --> 01:34:53,280
Speaker 6: who treated it as an interesting idea at best, and

1943
01:34:53,439 --> 01:34:55,360
Speaker 6: it was discussed as if it was something that would

1944
01:34:55,400 --> 01:34:57,200
Speaker 6: come and go in the span of maybe a few

1945
01:34:57,200 --> 01:35:00,080
Speaker 6: weeks at best, maybe a few months. And now being

1946
01:35:00,120 --> 01:35:04,000
Speaker 6: the best place progressive challenger to the failed mayoralty of

1947
01:35:04,120 --> 01:35:08,080
Speaker 6: Eric Adams and the disgraced governor of Andrew Cuomo, that

1948
01:35:08,280 --> 01:35:11,240
Speaker 6: is something that many did not expect. Now, we always

1949
01:35:11,280 --> 01:35:14,240
Speaker 6: believed that there was a pathway for this kind of politics,

1950
01:35:14,280 --> 01:35:18,439
Speaker 6: because ultimately, I think there's been a misreading of our

1951
01:35:18,960 --> 01:35:21,679
Speaker 6: political context in New York City, where people have thought

1952
01:35:21,720 --> 01:35:24,960
Speaker 6: that Trump winning more votes than a Republican nominee for

1953
01:35:24,960 --> 01:35:28,280
Speaker 6: a president in many years in this city, a right

1954
01:35:28,320 --> 01:35:30,920
Speaker 6: word shift across New York State, the most of any

1955
01:35:31,000 --> 01:35:34,120
Speaker 6: state in the country, is all indicative of a shift

1956
01:35:34,200 --> 01:35:37,559
Speaker 6: towards the right wing, when in fact, almost five times

1957
01:35:37,560 --> 01:35:40,720
Speaker 6: as many people who voted for Trump over Democrats as

1958
01:35:40,720 --> 01:35:43,880
Speaker 6: they had in twenty twenty instead stayed home. And what

1959
01:35:44,000 --> 01:35:46,560
Speaker 6: I think that speaks to is the need for a

1960
01:35:46,640 --> 01:35:50,439
Speaker 6: politics that is for something that is fighting for working

1961
01:35:50,479 --> 01:35:54,440
Speaker 6: people that requires no translation. That when I say the platform,

1962
01:35:54,520 --> 01:35:56,639
Speaker 6: you know what it means in your life, and that's

1963
01:35:56,680 --> 01:35:59,719
Speaker 6: freezing the rent, making buses fast and free delivering universal

1964
01:35:59,800 --> 01:36:03,599
Speaker 6: child wildcare, building two hundred thousand affordable homes. These are

1965
01:36:03,600 --> 01:36:05,880
Speaker 6: things that people understand because it's the very things that

1966
01:36:05,880 --> 01:36:08,400
Speaker 6: they're missing in their life. And I think that's what's

1967
01:36:08,600 --> 01:36:11,080
Speaker 6: created this pathway for us, and we'll continue to do

1968
01:36:11,120 --> 01:36:12,960
Speaker 6: so over the next three and a half months.

1969
01:36:13,920 --> 01:36:16,400
Speaker 2: Last question for you, what is it going to take

1970
01:36:16,479 --> 01:36:19,280
Speaker 2: to be able to defeat Andrew Cuomo and how can

1971
01:36:19,280 --> 01:36:20,960
Speaker 2: people support you if they're so inclined.

1972
01:36:22,120 --> 01:36:24,799
Speaker 6: I would say there's two things. The first is money,

1973
01:36:25,040 --> 01:36:28,400
Speaker 6: Andrew Cuomo's allies are already setting up a superpack with

1974
01:36:28,520 --> 01:36:31,519
Speaker 6: the goal to raise fifteen million dollars. We're lucky in

1975
01:36:31,560 --> 01:36:35,120
Speaker 6: New York City that we have a public matching fund

1976
01:36:35,120 --> 01:36:38,479
Speaker 6: system where the city matches a New Yorker's contribution eight

1977
01:36:38,520 --> 01:36:41,240
Speaker 6: to one. We've already raised four million dollars. We can

1978
01:36:41,320 --> 01:36:43,840
Speaker 6: raise another four million through this program. And so I

1979
01:36:43,840 --> 01:36:46,000
Speaker 6: would ask anyone who's interested in supporting us and then

1980
01:36:46,000 --> 01:36:49,600
Speaker 6: defeating disgrace New York executives, whether past or present, to

1981
01:36:49,800 --> 01:36:52,400
Speaker 6: visit Zahran for NYC dot com. And the other thing

1982
01:36:52,400 --> 01:36:54,160
Speaker 6: I would say is that we are going to knock

1983
01:36:54,200 --> 01:36:56,559
Speaker 6: on a million doors across the city. So if you

1984
01:36:56,560 --> 01:36:58,880
Speaker 6: would like to canvass go to that same website and

1985
01:36:58,920 --> 01:37:00,960
Speaker 6: you will find many in our opportunity to knock on

1986
01:37:01,000 --> 01:37:03,439
Speaker 6: your neighbor's doors and tell them that there is a

1987
01:37:03,439 --> 01:37:05,360
Speaker 6: city we can win, and it's one that their neighbors

1988
01:37:05,360 --> 01:37:06,080
Speaker 6: can actually afford.

1989
01:37:06,800 --> 01:37:09,320
Speaker 2: Well, I know from my New Yorker friends that you

1990
01:37:09,400 --> 01:37:12,800
Speaker 2: have really captured people's imagination and generated tremendous energies. So

1991
01:37:12,880 --> 01:37:15,800
Speaker 2: congratulations on that to begin with, and good luck to

1992
01:37:15,840 --> 01:37:17,679
Speaker 2: you as well. Thank you so much for joining us.

1993
01:37:18,200 --> 01:37:19,599
Speaker 6: Thank you so much with such a pleasure.

1994
01:37:19,880 --> 01:37:22,040
Speaker 1: Yeah, it's our pleasure, all right, guys, thank you so

1995
01:37:22,160 --> 01:37:22,960
Speaker 1: much for joining us.

1996
01:37:23,240 --> 01:37:25,479
Speaker 3: You know, Crystal was at home. But everything will be

1997
01:37:25,560 --> 01:37:28,160
Speaker 3: all normal next week. At least for now, I'm going.

1998
01:37:28,080 --> 01:37:29,719
Speaker 4: To say whatever whatever that means.

1999
01:37:30,320 --> 01:37:33,680
Speaker 3: Wait, Something's going to happen. You know, Emily's actually going

2000
01:37:33,720 --> 01:37:34,479
Speaker 3: to be in for me three days.

2001
01:37:34,520 --> 01:37:36,720
Speaker 1: We have a joke, well, and we do.

2002
01:37:38,360 --> 01:37:41,000
Speaker 2: We are planning on doing some kind of mini show

2003
01:37:41,000 --> 01:37:44,240
Speaker 2: tomorrow as well, so keep your eyes out for that

2004
01:37:44,400 --> 01:37:46,120
Speaker 2: and we will see you guys back here next week.

2005
01:37:46,280 --> 01:37:47,040
Speaker 1: See you guys later,