WEBVTT - 8/3/26: MAGA Abuser Doubles Down, Spain Migrant Crisis, New York Sues Kalshi

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<v Speaker 2>Last week we covered the horrific abuse allegations against Representative

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<v Speaker 2>Max Miller, who is still running for reelection, and he

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<v Speaker 2>announced over the weekend I'm going to have a big

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<v Speaker 2>speech on Sunday morning, and so people were watching wondering

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<v Speaker 2>whether he was going to drop out given the severity

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<v Speaker 2>of these abuse allegations, both against his ex wife and

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<v Speaker 2>against his own child. But no, in fact, he doubled

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<v Speaker 2>down and denied that any of this was true. Let's

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<v Speaker 2>go ahead and take a listen to a little bit

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<v Speaker 2>of what he had to say.

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<v Speaker 4>My former wife has claimed that during a custody exchange

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<v Speaker 4>at my home that day, I assaulted her. Here's what

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<v Speaker 4>actually happened, and I have the ring doorbell footage that

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<v Speaker 4>backs it up. She came to my home in a

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<v Speaker 4>good mood, and we have text messages to prove it,

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<v Speaker 4>which you'll have to pick up our daughter early for

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<v Speaker 4>our friend's birthday party. She was inside my house for

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<v Speaker 4>several minutes when she left. The video shows her walking

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<v Speaker 4>out carrying our daughter calm, in the same good mood,

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<v Speaker 4>showing no distress whatsoever. And as they left, you can

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<v Speaker 4>hear me say goodbye, I love you and I love

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<v Speaker 4>you Ruthie, literally telling my ex wife.

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<v Speaker 1>That I still cared for her.

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<v Speaker 4>Does that sound like somebody who would just walk out

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<v Speaker 4>and who had been violently thrown a wall and been abused.

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<v Speaker 4>She didn't call the police after that. She didn't go

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<v Speaker 4>to the hospital. Ladies and gentlemen, do you want to

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<v Speaker 4>know what she did? She went straight to a child's

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<v Speaker 4>birthday party. The very next day, we had a friendly

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<v Speaker 4>phone call about our daughter's upcoming hospital procedure, and I

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<v Speaker 4>drove in from Washington to be there for it.

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<v Speaker 1>Six days later.

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<v Speaker 4>She offered a cook empanadus for me for dinner just

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<v Speaker 4>two days later after this alleged incident. The day after that,

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<v Speaker 4>she invited me and my girlfriend and which you'll have

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<v Speaker 4>in text messages, to join her and our daughter at

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<v Speaker 4>a playground. And that day I just went with my

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<v Speaker 4>former wife to the playground to spend time with our daughter.

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<v Speaker 4>A week later, on February fifteenth, she wrote to me

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<v Speaker 4>in her own words which you will see, I think

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<v Speaker 4>it's great you and I are in a friendlier place.

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<v Speaker 4>She then offered me more extra overnights with our daughter,

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<v Speaker 4>which I can proved every single one of you is recent.

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<v Speaker 4>Every one of these messages is timestamped on our court

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<v Speaker 4>sanctioned co parenting app and is all in the packet.

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<v Speaker 4>Only weeks later did the story of February first assault

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<v Speaker 4>a pierre. So ask yourself if I had assaulted her,

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<v Speaker 4>would she had offer to cook meat dinner six days later?

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<v Speaker 4>Would she have invited me to spend an afternoon at

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<v Speaker 4>the playground with her and our daughter. Would she have

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<v Speaker 4>written that we were in a friendlier place. No, she

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<v Speaker 4>wouldn't have Ladies and gentlemen.

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<v Speaker 5>So there's a lot to say about that.

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<v Speaker 2>First of all the fact that she had made some

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<v Speaker 2>efforts at sort of maintaining the peace and keeping up

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<v Speaker 2>relations with this man who continues to have shared custody

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<v Speaker 2>of her daughter. I don't think disproves any of the

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<v Speaker 2>abuse allegations. He makes a lot of claims in this

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<v Speaker 2>twenty minute speech he gave here. I watched the whole thing.

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<v Speaker 2>One of the claims that he makes is definitively untrue.

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<v Speaker 2>He says, all of the allegations of abuse from his

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<v Speaker 2>ex wife, who by the way, her father is Republican

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<v Speaker 2>Senator Bernie Moreno, put a pin in that we'll get

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<v Speaker 2>to that in just a moment.

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<v Speaker 5>That is not true.

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<v Speaker 2>Stephanie Grisham, who was part of the first Trump White House,

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<v Speaker 2>was in a relationship with him and alleged that he

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<v Speaker 2>threw her up against the wall and slapped her when

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<v Speaker 2>she accused him of cheating on her. There were allegations

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<v Speaker 2>against him in high school that he allegedly threw a

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<v Speaker 2>girl down the stairs. In high school, there were allegations

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<v Speaker 2>that came out in the custody hearings that he was

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<v Speaker 2>expelled from college for violence against a woman and mother.

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<v Speaker 2>Jones has done the most comprehensive reporting on this, and

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<v Speaker 2>you spoke to some of the people who were involved

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<v Speaker 2>here who stand by their stories alleging abuse against him.

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<v Speaker 2>So it is simply not true that the only abuse

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<v Speaker 2>allegations come from his ex wife. In addition, he released

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<v Speaker 2>a bunch of audio and contemporaneous records to try to

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<v Speaker 2>clear or his name. And so we learn one thing,

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<v Speaker 2>which is that he was apparently surreptitiously recording his ex

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<v Speaker 2>wife and other loved ones, which is you know, it

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<v Speaker 2>was legal, I guess in the state of Ohio, but

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<v Speaker 2>very shady behavior. In any case, one of those audios

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<v Speaker 2>seems to really undermine some of the stories that he's

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<v Speaker 2>been telling as well. He told the New York Post

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<v Speaker 2>one of the abuse allegations was that he had thrown

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<v Speaker 2>scalding hot water at his ex wife and that she

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<v Speaker 2>had you know, she had marks from this water. He

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<v Speaker 2>had told the New York Posts this never happened, and

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<v Speaker 2>that the marks that we have pictures of on her

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<v Speaker 2>skin were from a sunburn. In one of the audios

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<v Speaker 2>that he himself released, he seems to acknowledge that this

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<v Speaker 2>scalding hot water incident occurred. However, he purports that they

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<v Speaker 2>were just horsing around in the kitchen and he sprayed

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<v Speaker 2>her with the tap water and it couldn't have been

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<v Speaker 2>that hot to injure or burn her. Let's go and

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<v Speaker 2>take a listen to this surreptitious recording that he provided

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<v Speaker 2>of this interaction between him and his ex wife.

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<v Speaker 4>It never was done to hurt you. And you know

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<v Speaker 4>that you were weaponizing this because of my previous allegation,

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<v Speaker 4>and then you knew it was because.

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<v Speaker 5>I was crying, So.

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<v Speaker 4>I didn't need to hurt you.

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<v Speaker 1>I didn't need to hurt you.

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<v Speaker 4>Why are you scared me? Why? Yeah, I didn't mean

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<v Speaker 4>to hurt you. It wasn't done with intent. You just

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<v Speaker 4>said it yourself. You literally just said it yourself. It

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<v Speaker 4>wasn't done to hurt you. And I told you before

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<v Speaker 4>that not to come over to me and start screwing

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<v Speaker 4>around with me.

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<v Speaker 5>It was Emily you are taking.

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<v Speaker 4>You know, you're taking a playful incident and making something

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<v Speaker 4>the fairiers of Emily going out of the faucet. It

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<v Speaker 4>does not get to a temperature of boiling water. It

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<v Speaker 4>does not put it. I did it, and I tested it,

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<v Speaker 4>and I had our attorneys tested because I figured that

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<v Speaker 4>this is what you were going to come at me with.

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<v Speaker 4>And it's literally, well no, no, but literally it's like

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<v Speaker 4>standing under a hot shower and we already have someone

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<v Speaker 4>to go ahead and combat. This is what you're going

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<v Speaker 4>to do.

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<v Speaker 2>And so Tiger, let me get you to weigh in.

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<v Speaker 2>But just so people know the totality of the allegation

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<v Speaker 2>she's making here, there's not only the scalding water allegation.

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<v Speaker 2>She also alleges that he held a gun to her head.

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<v Speaker 2>Their daughter's collarbone was broken, and she suspects that he

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<v Speaker 2>may have been to blame. She says that the daughter

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<v Speaker 2>has told her that daddy's house is quote scary, and

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<v Speaker 2>there's a bunch of other stuff from there at court hearings.

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<v Speaker 2>That is just like, you know, horrifying treatment of the

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<v Speaker 2>woman who just gave birth to your child. Abandoned again, allegations,

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<v Speaker 2>abandoned her after like two days after she gave birth,

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<v Speaker 2>refused to be present for the childbirth, made all sorts

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<v Speaker 2>of like derogatory comments about her body given that she

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<v Speaker 2>had just given birth to a child. So that's the

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<v Speaker 2>sort of stuff that we're that we're dealing with here.

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<v Speaker 3>Right, And like you said, Miller, denies it all, and

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<v Speaker 3>he's actually suing both Moreno and Grisham for defamation. He

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<v Speaker 3>released that speech in to defend himself, I mean, objectively

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<v Speaker 3>looking at all of it, like you said, with the

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<v Speaker 3>a lot of the incidents from Mother Jones's report, again

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<v Speaker 3>which Miller had been contacted for comment and which he denied.

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<v Speaker 1>Many of these.

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<v Speaker 3>However, some of it at least comes from court records.

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<v Speaker 3>What you could see, you know, in that audio, at

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<v Speaker 3>least the one that he released, is he is admitting

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<v Speaker 3>that there was.

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<v Speaker 1>Some hot water or all of that involved.

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<v Speaker 6>You know.

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<v Speaker 3>Part of this is just seems so silly. It's like,

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<v Speaker 3>why are you speaking to the mother of your child

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<v Speaker 3>like that? Like what are you doing? Like That's that's

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<v Speaker 3>where I just followed down, especially when you have a

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<v Speaker 3>two year old daughter, and then this bitter custody dispute

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<v Speaker 3>in which there's clearly like insane antagonism from his side,

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<v Speaker 3>and you know, just the general like would she have

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<v Speaker 3>offered to cook me dinner?

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<v Speaker 1>Six?

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<v Speaker 3>I'm like, dude, yeah, you share you know, a child,

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<v Speaker 3>so they probably want to keep things like somewhat amicable.

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<v Speaker 3>Even if there had been some situation between the two

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<v Speaker 3>of you as you well pointed out, Trump was asked

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<v Speaker 3>about this, by the way, because he is actually running

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<v Speaker 3>for reelection.

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<v Speaker 1>Here's what he had to say.

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<v Speaker 6>Well, I'm going to look at it, and I've been

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<v Speaker 6>so far it's accusations. I'll be looking at.

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<v Speaker 3>It, said, so far, it's just accusations. I'll be looking

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<v Speaker 3>at it. That's part of the problem for the Republicans.

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<v Speaker 3>This is too late, i think, or at least from

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<v Speaker 3>what they've said, to replace him. We did have Bernie Marino.

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<v Speaker 3>We could put C four up here on the screen,

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<v Speaker 3>the sitting senator from Ohio, whose daughter Emily, is the

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<v Speaker 3>person who obviously is in the center of all of this.

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<v Speaker 3>He says, as a father and a husband, I can

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<v Speaker 3>tell you the last two years have been pure hell

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<v Speaker 3>for my wife, Bridget, our daughter Emily, me our entire family.

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<v Speaker 3>In the aftermath of Emily's divorce. It has been horrific

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<v Speaker 3>to watch this play out in public view, all while

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<v Speaker 3>knowing an innocent two year old girl is caught in

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<v Speaker 3>the middle. My priority has been protecting our daughter and

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<v Speaker 3>our granddaughter. Out of concern for the safety of my family,

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<v Speaker 3>I hope to keep this matter private. But Max Miller's

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<v Speaker 3>increasingly erratic, erratic and dangerous behavior has made it impossible.

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<v Speaker 3>As he admitted privately, Max Miller needs serious psychological help.

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<v Speaker 3>He's a danger to my daughter. I hold my breath

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<v Speaker 3>every minute he has customy my granddaughter. If there are

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<v Speaker 3>any basic standards of character required to hold elected office,

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<v Speaker 3>Miller fails them.

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<v Speaker 1>He should not serve in the House of Representatives.

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<v Speaker 3>I believe Miller needs to seek professional help to end

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<v Speaker 3>the clear pattern of abuse he has left in his wake.

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<v Speaker 3>I believe he should not be free to continue in

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<v Speaker 3>endangering others until he does. I ran for office because

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<v Speaker 3>I wanted to make a difference, etc.

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<v Speaker 1>He says.

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<v Speaker 3>The sacrifice has been very hard on my wife, Bridget,

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<v Speaker 3>whose big heart and study support I've never waivered. I

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<v Speaker 3>owe it to her, Emily, and to my granddaughter to

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<v Speaker 3>speak the truth.

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<v Speaker 1>Now.

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<v Speaker 3>That was the first time that he has actually said

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<v Speaker 3>anything about the situation, which is kind of mind boggling

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<v Speaker 3>considering it's his own daughter and granddaughter at the center

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<v Speaker 3>of it. I did ask around, and apparently one of

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<v Speaker 3>the reasons why had to do with some of the

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<v Speaker 3>custody disputes and some of the re election stuff that's

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<v Speaker 3>going on behind the scenes. But nonetheless, Chalking Miller has responded,

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<v Speaker 3>by the way, see five, let's put it up here

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<v Speaker 3>on the screen. He said, Bernie Marino, if my daughter

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<v Speaker 3>said the same thing to me, I personally wouldn't wait

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<v Speaker 3>two years before holding him accountable. You know this isn't true,

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<v Speaker 3>and the only reason you are speaking out now is

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<v Speaker 3>to hide from your own media circus.

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<v Speaker 1>This is all political.

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<v Speaker 3>He appears to be insinuating that he has some dirt

0:11:22.040 --> 0:11:26.000
<v Speaker 3>on Bernie Moreno and has said that now for many years.

0:11:26.040 --> 0:11:27.360
<v Speaker 3>I mean, it does have kind of a point saying

0:11:27.360 --> 0:11:29.400
<v Speaker 3>I wouldn't have waited two years to be able to

0:11:29.559 --> 0:11:32.880
<v Speaker 3>come out. But nonetheless, this is a bitter and a

0:11:33.000 --> 0:11:37.640
<v Speaker 3>very dramatic situation in the Ohio Congressional delegation, which does

0:11:37.720 --> 0:11:40.120
<v Speaker 3>highlight too. You know, you just had this whole platinum

0:11:40.120 --> 0:11:44.480
<v Speaker 3>situation going on with the Democrat. He obviously dropped out immediately,

0:11:44.520 --> 0:11:47.040
<v Speaker 3>but Republicans still, I mean mostly you are either silent

0:11:47.200 --> 0:11:50.360
<v Speaker 3>or are rallying around him because they don't want to

0:11:50.440 --> 0:11:53.280
<v Speaker 3>lose the seat. I have not looked at the odds

0:11:53.600 --> 0:11:56.920
<v Speaker 3>or the polling in his district, but I can't imagine

0:11:56.920 --> 0:11:58.160
<v Speaker 3>that this is going to be helpful.

0:11:59.720 --> 0:12:00.480
<v Speaker 5>Yeah. No.

0:12:01.400 --> 0:12:05.559
<v Speaker 2>So, first of all, on the political front, Moreno is

0:12:05.600 --> 0:12:10.000
<v Speaker 2>the only one, literally the only elected Republican in Washington

0:12:10.040 --> 0:12:12.320
<v Speaker 2>who has said that he should not be in Congress.

0:12:12.559 --> 0:12:12.959
<v Speaker 5>That's it.

0:12:13.320 --> 0:12:16.680
<v Speaker 2>And yeah, there's a direct contrast with the platinerm situation.

0:12:17.040 --> 0:12:19.400
<v Speaker 2>You know, when there was a credible sexual assault threat

0:12:19.559 --> 0:12:22.160
<v Speaker 2>and some of these very same people who are now

0:12:22.240 --> 0:12:24.640
<v Speaker 2>running around on the Republican side and saying Miller's a

0:12:24.640 --> 0:12:26.680
<v Speaker 2>great guy and I'm helping him get reelected are the

0:12:26.720 --> 0:12:29.840
<v Speaker 2>same people who are, you know, cassiating Democrats for their

0:12:29.920 --> 0:12:32.440
<v Speaker 2>lack of morals. So you can see, I mean it's

0:12:32.559 --> 0:12:35.000
<v Speaker 2>you know, it's trite at this point to make the

0:12:35.080 --> 0:12:38.640
<v Speaker 2>hypocrisy point, but it's just so overwhelmingly in your face

0:12:38.760 --> 0:12:42.000
<v Speaker 2>with this one that it's hard to avoid. So there's

0:12:42.080 --> 0:12:45.800
<v Speaker 2>that he So with regard to Moreno, this had come

0:12:45.800 --> 0:12:48.360
<v Speaker 2>out during his campaign and I had forgotten about this,

0:12:48.559 --> 0:12:52.640
<v Speaker 2>but his work account, Moreno's had been used to set

0:12:52.760 --> 0:12:57.040
<v Speaker 2>up a profile on a gay dating website where said

0:12:57.080 --> 0:13:01.960
<v Speaker 2>profile indicated was looking for on one situations with quote

0:13:02.000 --> 0:13:04.640
<v Speaker 2>unquote young men. A staffer came out and said that

0:13:04.720 --> 0:13:07.400
<v Speaker 2>he had set this up as some sort of a gag.

0:13:07.559 --> 0:13:09.280
<v Speaker 5>So there's a lot of speculation.

0:13:08.840 --> 0:13:13.520
<v Speaker 2>That maybe that is what Miller is threatening Moreno with

0:13:13.720 --> 0:13:17.000
<v Speaker 2>to reveal. He's texted him something like, you know, I'll

0:13:17.040 --> 0:13:20.920
<v Speaker 2>reveal things that show you know, show people I know

0:13:21.040 --> 0:13:23.600
<v Speaker 2>you even better than your wife does, something of that nature.

0:13:23.720 --> 0:13:26.800
<v Speaker 2>And so anyway, that's a speculation in terms of what

0:13:27.040 --> 0:13:29.880
<v Speaker 2>Max Miller has on Bernie Marino. Of course, none of

0:13:29.960 --> 0:13:33.040
<v Speaker 2>us really know what the you know substance or if

0:13:33.080 --> 0:13:36.480
<v Speaker 2>there is any substance of allegations against Moreno. One other

0:13:36.520 --> 0:13:39.920
<v Speaker 2>piece here just in terms of the credibility the allegations

0:13:39.920 --> 0:13:43.800
<v Speaker 2>against Miller. There's also a note that The Daily Mail

0:13:44.280 --> 0:13:46.800
<v Speaker 2>was able to get their hands on that allegedly happened

0:13:47.400 --> 0:13:51.760
<v Speaker 2>that Miller wrote to his ex wife right after the

0:13:51.880 --> 0:13:56.200
<v Speaker 2>alleged water scalding incident occurred, where he said to her,

0:13:56.640 --> 0:13:58.720
<v Speaker 2>I don't know what to do. I do know you

0:13:58.760 --> 0:14:00.920
<v Speaker 2>love me, protect me and care for me. I failed

0:14:00.960 --> 0:14:03.920
<v Speaker 2>to do that for you. It's eating me alive. I

0:14:04.000 --> 0:14:06.240
<v Speaker 2>love you, even if you think I don't. I love

0:14:06.280 --> 0:14:09.040
<v Speaker 2>you so much. I'm so sorry. I'm just a fuck

0:14:09.120 --> 0:14:14.000
<v Speaker 2>up and worthless. So Moreno contends that this was a

0:14:14.120 --> 0:14:17.760
<v Speaker 2>sort of like apology for the water scalding incident, which

0:14:17.760 --> 0:14:20.160
<v Speaker 2>would indicate that he knows that he heard her. He

0:14:20.280 --> 0:14:22.920
<v Speaker 2>claims this that was not the context of this note.

0:14:22.920 --> 0:14:26.520
<v Speaker 2>It was around some sort of like political dispute. So

0:14:26.920 --> 0:14:28.880
<v Speaker 2>in any case, I just wanted to put that out

0:14:28.920 --> 0:14:32.160
<v Speaker 2>there in terms of backing up her story and the

0:14:32.200 --> 0:14:39.560
<v Speaker 2>credibility therein. But the withdrawal deadline in Ohio is August fifths,

0:14:39.600 --> 0:14:42.360
<v Speaker 2>two days from now. Doesn't look like he's dropping out.

0:14:42.480 --> 0:14:47.960
<v Speaker 2>It's a district in Ohio that Trump won by eleven points. However,

0:14:48.040 --> 0:14:52.160
<v Speaker 2>when Bernie Moreno ran for the Senate, he only won

0:14:52.160 --> 0:14:54.560
<v Speaker 2>this district by one point. So I think it very

0:14:54.640 --> 0:14:58.160
<v Speaker 2>much is you know, in play for Democrats, the Democratic

0:14:58.800 --> 0:15:02.360
<v Speaker 2>nominee seems to be pretty strong. Brian Poindexter is a

0:15:02.480 --> 0:15:06.360
<v Speaker 2>union iron worker, position himself as a populist, So you know,

0:15:06.440 --> 0:15:08.680
<v Speaker 2>I think this is the weird thing to me with

0:15:08.800 --> 0:15:11.840
<v Speaker 2>Republicans just standing by him in lockstep is I don't

0:15:11.880 --> 0:15:14.560
<v Speaker 2>actually think that this is a smart tactical decision for them,

0:15:14.600 --> 0:15:17.360
<v Speaker 2>because if they just got some run of the mill,

0:15:17.440 --> 0:15:21.080
<v Speaker 2>generic Republican in there, the seat would likely they'd be

0:15:21.120 --> 0:15:24.880
<v Speaker 2>able to hang on to it. But with him, because

0:15:24.920 --> 0:15:29.120
<v Speaker 2>he is you know, uniquely has these horrifying allegations against him,

0:15:29.160 --> 0:15:31.120
<v Speaker 2>and many people won't want to vote for him because

0:15:31.160 --> 0:15:31.800
<v Speaker 2>of that reason.

0:15:32.160 --> 0:15:33.600
<v Speaker 5>He puts the seat in jeopardy.

0:15:33.600 --> 0:15:35.160
<v Speaker 2>And then the last thing I'll say about him is

0:15:35.200 --> 0:15:39.240
<v Speaker 2>he genuinely would not exist as a political figure without Trump.

0:15:40.200 --> 0:15:41.520
<v Speaker 5>He you know, had.

0:15:41.640 --> 0:15:44.920
<v Speaker 2>Issues in college, and he he becomes like an intern

0:15:45.000 --> 0:15:48.400
<v Speaker 2>on Marco Rubio's campaign, and then when Rubio drops down,

0:15:48.640 --> 0:15:49.960
<v Speaker 2>then he goes over to Trump.

0:15:50.240 --> 0:15:51.040
<v Speaker 5>Trump likes him.

0:15:51.240 --> 0:15:54.960
<v Speaker 2>He ends up in charge of part of Trump's advanced team,

0:15:55.160 --> 0:15:57.440
<v Speaker 2>you know, in an aid in the first Trump White House.

0:15:57.440 --> 0:15:58.040
<v Speaker 5>And then once this.

0:15:58.120 --> 0:16:00.920
<v Speaker 2>Seat, I think the guy who held the previously had

0:16:01.000 --> 0:16:04.600
<v Speaker 2>voted for trump impeachment after January sixth, So Trump was like, okay,

0:16:04.640 --> 0:16:06.480
<v Speaker 2>we got the perfect guy, endorses him.

0:16:06.520 --> 0:16:06.920
<v Speaker 5>There you go.

0:16:07.000 --> 0:16:10.440
<v Speaker 2>He's a congressman, so you know, this is a Trump

0:16:10.480 --> 0:16:13.400
<v Speaker 2>loyalist through and through, truly, you know, creature of the

0:16:13.440 --> 0:16:15.400
<v Speaker 2>Maga movement. He's also one of the most like pro

0:16:15.440 --> 0:16:18.720
<v Speaker 2>genocide freaks in the entire Congress, which is really saying something.

0:16:18.840 --> 0:16:21.600
<v Speaker 2>So anyway, that's a little bit of the political backstory.

0:16:21.680 --> 0:16:24.800
<v Speaker 3>I knew more about the Gaza angle and how dedicated

0:16:24.840 --> 0:16:27.760
<v Speaker 3>he is to Israel that's what he originally came on

0:16:27.840 --> 0:16:29.120
<v Speaker 3>my radar four.

0:16:29.320 --> 0:16:30.360
<v Speaker 1>I guess if you will.

0:16:30.960 --> 0:16:33.200
<v Speaker 3>Yeah, I mean, like you said, One thing I have

0:16:33.320 --> 0:16:36.440
<v Speaker 3>heard often in Washington is that many Republicans think it

0:16:36.480 --> 0:16:38.840
<v Speaker 3>was such a huge mistake to kick out George Santos

0:16:39.440 --> 0:16:43.880
<v Speaker 3>because it really hurt their margins in the House of Representatives,

0:16:44.040 --> 0:16:47.840
<v Speaker 3>and currently where the Republican margin is, it's so razor thin.

0:16:47.960 --> 0:16:51.040
<v Speaker 3>They just think that they can't accept even kicking out

0:16:51.080 --> 0:16:53.320
<v Speaker 3>somebody who's so obviously deserving. I know, I think Jim

0:16:53.400 --> 0:16:56.040
<v Speaker 3>Jordan has been asked about this before, so yeah, you

0:16:56.080 --> 0:17:00.400
<v Speaker 3>could see that logic very clearly on display or all

0:17:00.440 --> 0:17:00.760
<v Speaker 3>of them.

0:17:00.800 --> 0:17:02.120
<v Speaker 1>But obviously why not just.

0:17:02.160 --> 0:17:03.640
<v Speaker 5>Have him not run for re election?

0:17:03.800 --> 0:17:03.960
<v Speaker 6>Yeah?

0:17:04.080 --> 0:17:05.560
<v Speaker 3>They can't force him to, right, I mean at the

0:17:05.640 --> 0:17:06.760
<v Speaker 3>end of the I mean, I guess they can. They

0:17:06.800 --> 0:17:08.160
<v Speaker 3>could say, look, you're not going to get a dollar

0:17:08.200 --> 0:17:09.800
<v Speaker 3>from the committee or any of that, but.

0:17:09.720 --> 0:17:12.399
<v Speaker 1>He might just say, you know, we have no idea.

0:17:13.160 --> 0:17:13.840
<v Speaker 5>Yeah.

0:17:13.880 --> 0:17:15.920
<v Speaker 3>Well yeah, I mean, also it comes down to Trump.

0:17:15.960 --> 0:17:17.600
<v Speaker 3>Trump could just come in and say you're done, I'm

0:17:17.600 --> 0:17:19.600
<v Speaker 3>going to endorse somebody else. We all know that the

0:17:19.720 --> 0:17:21.200
<v Speaker 3>Republican base would vote for it.

0:17:21.560 --> 0:17:24.239
<v Speaker 2>But yeah, well that's what I really think is going on.

0:17:24.359 --> 0:17:26.800
<v Speaker 2>I think they're all taking there the lead from Trump.

0:17:27.119 --> 0:17:29.240
<v Speaker 2>They don't want to get crosswise with him. They know

0:17:29.320 --> 0:17:32.919
<v Speaker 2>this is his guy, and so since he is standing

0:17:32.920 --> 0:17:34.480
<v Speaker 2>by him, they're all going to stand by and that's

0:17:34.480 --> 0:17:35.560
<v Speaker 2>how they make their decisions.

0:17:35.600 --> 0:17:36.240
<v Speaker 1>Yeah, that's right.

0:17:36.280 --> 0:17:38.199
<v Speaker 3>All right, We got Wan David Rojas standing by to

0:17:38.200 --> 0:17:39.399
<v Speaker 3>talk about Swain Spain.

0:17:39.600 --> 0:17:43.240
<v Speaker 1>Let's get to it, all.

0:17:43.200 --> 0:17:43.520
<v Speaker 5>Right, guys.

0:17:43.560 --> 0:17:48.399
<v Speaker 2>There was a wild situation unfolded, unfolding in Seouta, Spain,

0:17:48.600 --> 0:17:50.960
<v Speaker 2>a place that I did not know exists, but I

0:17:51.000 --> 0:17:53.480
<v Speaker 2>am now learning a lot about. So this is across

0:17:53.520 --> 0:17:56.600
<v Speaker 2>from the Spanish mainland, right next to Morocco and on

0:17:56.720 --> 0:18:00.359
<v Speaker 2>the street of Gibraltar. What you see here is of

0:18:00.440 --> 0:18:05.399
<v Speaker 2>thousands of migrants who suddenly surged to and over the

0:18:05.480 --> 0:18:11.119
<v Speaker 2>border into this Spanish territory. There were images that immediately

0:18:11.160 --> 0:18:14.800
<v Speaker 2>seemed to suggest this was some sort of an organized movement,

0:18:15.160 --> 0:18:18.280
<v Speaker 2>not only because the flood of people who suddenly emerged,

0:18:18.400 --> 0:18:22.119
<v Speaker 2>but also because you saw them arriving on trucks and

0:18:22.160 --> 0:18:25.040
<v Speaker 2>being unloaded near the border. We now have a lot

0:18:25.040 --> 0:18:28.240
<v Speaker 2>of testimony from some of the migrants, most of whom

0:18:28.240 --> 0:18:30.560
<v Speaker 2>have now returned to Morocco, but some of the migrants

0:18:30.600 --> 0:18:33.359
<v Speaker 2>who were part of this wave, saying that they were

0:18:33.480 --> 0:18:37.600
<v Speaker 2>encouraged by the Moroccan authorities there at the border, saying

0:18:37.640 --> 0:18:40.920
<v Speaker 2>also that there were a lot of Facebook posts saying, hey,

0:18:40.960 --> 0:18:44.040
<v Speaker 2>the Spanish border is open. You can see here people

0:18:44.160 --> 0:18:48.240
<v Speaker 2>who are struggling, collapsing on the beach there. You know,

0:18:48.280 --> 0:18:51.320
<v Speaker 2>there were migrants who were killed and injured as part

0:18:51.359 --> 0:18:54.639
<v Speaker 2>of whatever this was. And so now to talk about

0:18:54.640 --> 0:18:58.159
<v Speaker 2>what exactly happened here and why there are suspicions that

0:18:58.240 --> 0:19:02.239
<v Speaker 2>the US and Israel could have been involved in what

0:19:02.280 --> 0:19:06.000
<v Speaker 2>would be a sort of hybrid war operation. Is Wanda

0:19:06.040 --> 0:19:08.920
<v Speaker 2>vid Rojas. He is a calmness at unheard. He has

0:19:09.000 --> 0:19:11.720
<v Speaker 2>a new article up. We can put D two up

0:19:11.800 --> 0:19:15.320
<v Speaker 2>on the screen, and his headline here is did Maga

0:19:15.480 --> 0:19:20.600
<v Speaker 2>create the Seyuta crisis? Morocco is cozying up to Trump.

0:19:20.720 --> 0:19:21.840
<v Speaker 2>Welcome one, great to see.

0:19:21.720 --> 0:19:23.399
<v Speaker 1>You, Good to see you man, Thanks for having me

0:19:23.480 --> 0:19:23.879
<v Speaker 1>on guys.

0:19:24.040 --> 0:19:25.000
<v Speaker 5>Yeah, yeah, of course.

0:19:25.000 --> 0:19:27.439
<v Speaker 2>So just start by giving a little versati all correct

0:19:27.440 --> 0:19:29.320
<v Speaker 2>anything that I said that might have been wrong. Give

0:19:29.359 --> 0:19:32.800
<v Speaker 2>a little bit of backstory here about what this place is,

0:19:33.240 --> 0:19:35.600
<v Speaker 2>what happened, and why it has so much significance.

0:19:36.520 --> 0:19:41.119
<v Speaker 7>Yeah, So around sixty thousand migrants over I think it

0:19:41.160 --> 0:19:44.800
<v Speaker 7>was on Friday or Thursday, cross over into the Spanish

0:19:44.920 --> 0:19:48.360
<v Speaker 7>territory called Sayuta. And so Spain actually has these two

0:19:48.560 --> 0:19:52.720
<v Speaker 7>enclaves across the Strait of Gibraltar on the coast of Morocco,

0:19:52.800 --> 0:19:55.520
<v Speaker 7>Sayuta and Melida. There are just these like two cities

0:19:55.600 --> 0:20:00.800
<v Speaker 7>completely surrounded by Morocco and they've actually controlled them since

0:20:00.840 --> 0:20:03.520
<v Speaker 7>the fourteen hundreds. But you know, it's been a point

0:20:03.520 --> 0:20:07.280
<v Speaker 7>of contention between Spain and Morocco. Morocco says that it

0:20:07.280 --> 0:20:11.240
<v Speaker 7>should be theirs on account of, you know, the geographical location.

0:20:11.760 --> 0:20:13.960
<v Speaker 7>But you know, this area of the world is really

0:20:13.960 --> 0:20:17.520
<v Speaker 7>interesting if you're into the decolonial stuff, because you have

0:20:17.640 --> 0:20:20.840
<v Speaker 7>Gibraltar itself, which is you know, controlled by the UK,

0:20:20.920 --> 0:20:23.119
<v Speaker 7>which Spain says should be theirs. And then on the

0:20:23.119 --> 0:20:27.560
<v Speaker 7>other hand, Morocco claims all of what's called Western Sahara

0:20:27.680 --> 0:20:30.560
<v Speaker 7>further south, which used to be a Spanish territory as well.

0:20:31.280 --> 0:20:33.840
<v Speaker 7>Spain handed it control over to it in Morocco, and

0:20:33.880 --> 0:20:36.560
<v Speaker 7>there's been an insurgency there because of the sarawi Is,

0:20:36.560 --> 0:20:39.240
<v Speaker 7>the native people of a Western Sahara don't want to

0:20:39.280 --> 0:20:41.560
<v Speaker 7>be part of Morocco, and this is a horrific it's

0:20:41.640 --> 0:20:45.600
<v Speaker 7>kind of like a Palestine situation. They built like wall

0:20:45.720 --> 0:20:47.879
<v Speaker 7>to keep out like the separatists and have like an

0:20:47.920 --> 0:20:51.520
<v Speaker 7>exchange fire with these insurgents for a long time, and

0:20:51.600 --> 0:20:56.800
<v Speaker 7>actually for decades, Morocco has used these two cities, sautn

0:20:56.880 --> 0:21:00.640
<v Speaker 7>Melija in order to get at Spain and also Algeria

0:21:00.720 --> 0:21:07.560
<v Speaker 7>for like supporting these Sarawi separatists. And so a lot

0:21:07.600 --> 0:21:11.520
<v Speaker 7>of analysts have thought that because Spain had been like

0:21:11.880 --> 0:21:15.520
<v Speaker 7>forging closer relations with Algeria, which allegedly provides support to

0:21:15.600 --> 0:21:19.560
<v Speaker 7>the Sarawi's, Morocco just decided, hey, you know what, We're

0:21:19.600 --> 0:21:22.919
<v Speaker 7>just gonna screw Spain like this now going a step further.

0:21:24.720 --> 0:21:28.280
<v Speaker 7>You know, Morocco doesn't need it doesn't really take orders

0:21:28.280 --> 0:21:31.399
<v Speaker 7>from anyone there, the king there, that they have their

0:21:31.440 --> 0:21:35.760
<v Speaker 7>own internal politics and whatnot. But I definitely think they

0:21:35.800 --> 0:21:39.919
<v Speaker 7>feel emboldened because in recent years Morocco has really forged

0:21:39.920 --> 0:21:41.160
<v Speaker 7>close ties with Israel.

0:21:41.200 --> 0:21:41.760
<v Speaker 1>In the US.

0:21:41.840 --> 0:21:45.960
<v Speaker 7>In twenty twenty, under Trump's first administration, the Abraham Accords,

0:21:46.800 --> 0:21:50.160
<v Speaker 7>Morocco was a signatory, and in exchange, the Trump administration

0:21:50.320 --> 0:21:56.440
<v Speaker 7>recognized Morocco's control over Western Sahara. Then in more recent years,

0:21:56.480 --> 0:22:00.320
<v Speaker 7>like the Trump administration hosted these like covert talks with

0:22:00.400 --> 0:22:04.000
<v Speaker 7>like Morocco and other countries over like the Western Sahara issue.

0:22:04.720 --> 0:22:06.160
<v Speaker 1>Uh and uh and but the.

0:22:06.119 --> 0:22:08.240
<v Speaker 7>Interesting thing is like if you look at Maga, all

0:22:08.280 --> 0:22:10.200
<v Speaker 7>of a sudden they care a lot about these two

0:22:10.240 --> 0:22:12.520
<v Speaker 7>cities South Melitia. Why is that?

0:22:13.960 --> 0:22:14.600
<v Speaker 6>And Uh?

0:22:14.760 --> 0:22:19.359
<v Speaker 7>Like in March, uh Diaz a representative Diaz Bullart from

0:22:19.520 --> 0:22:22.920
<v Speaker 7>here in South Florida. He said that, uh, South and

0:22:23.040 --> 0:22:26.000
<v Speaker 7>Melitia should belong to Morocco and that Spain is a

0:22:26.000 --> 0:22:29.880
<v Speaker 7>colonial power, which is crazy. He's basically like in toning

0:22:29.920 --> 0:22:32.160
<v Speaker 7>Fidel Castro, I argued in the piece.

0:22:32.840 --> 0:22:35.359
<v Speaker 1>Yeah, so uh, it's a it's nuts.

0:22:35.359 --> 0:22:39.560
<v Speaker 7>Thomas Massey pointed out that last week the House passed

0:22:39.560 --> 0:22:42.960
<v Speaker 7>a bill that would have given like forty million dollars

0:22:43.040 --> 0:22:46.399
<v Speaker 7>to Morocco, and in the bill it recognizes South is

0:22:46.600 --> 0:22:51.680
<v Speaker 7>Melijia as part of Morocco. So this is crazy stuff.

0:22:51.960 --> 0:22:56.960
<v Speaker 7>Days before this, also, Morocco named its highway that goes

0:22:57.000 --> 0:23:00.160
<v Speaker 7>through Western Sahara after Donald Trump. And Trump has a

0:23:00.160 --> 0:23:02.560
<v Speaker 7>a true social post where he he says thank you

0:23:02.600 --> 0:23:04.439
<v Speaker 7>to the Great King of Morocco. I hope to one

0:23:04.520 --> 0:23:07.480
<v Speaker 7>day ride through this amazing, beautiful highway.

0:23:07.240 --> 0:23:09.040
<v Speaker 1>And then the question, the question kind of is is

0:23:09.119 --> 0:23:09.800
<v Speaker 1>like why now?

0:23:10.160 --> 0:23:11.840
<v Speaker 3>And so I know there's been some there's been a

0:23:11.840 --> 0:23:19.080
<v Speaker 3>lot of speculation, especially around Morocco and Israel's relationship. For example,

0:23:19.520 --> 0:23:22.320
<v Speaker 3>we have D four we can put here on the screen,

0:23:22.440 --> 0:23:26.679
<v Speaker 3>an extraordinary statement from Yayir Netsan Yahu. He is the

0:23:26.720 --> 0:23:30.199
<v Speaker 3>son of Benjamin An, the Prime Minister of Israel. He

0:23:30.400 --> 0:23:34.760
<v Speaker 3>said in twenty nineteen May twenty six, let's make a deal.

0:23:34.840 --> 0:23:38.119
<v Speaker 3>We won't fund NGOs in your country calling you to

0:23:38.200 --> 0:23:41.679
<v Speaker 3>give away Sueita and Mayiya, and you will stop funding

0:23:41.880 --> 0:23:44.800
<v Speaker 3>NGOs in our country that calls us to give away

0:23:44.960 --> 0:23:48.680
<v Speaker 3>Judea and Samaria. This is part of obviously the West

0:23:48.720 --> 0:23:52.719
<v Speaker 3>Bank and Gaza in their parlance. This included actually a

0:23:52.840 --> 0:23:56.919
<v Speaker 3>thread in a map that Yay're posted, including direct threats

0:23:56.920 --> 0:24:01.280
<v Speaker 3>by Morocco to take over Sueita and Maia. So the

0:24:01.320 --> 0:24:06.679
<v Speaker 3>Israel connection here somewhat interesting. This was one of many posts,

0:24:06.720 --> 0:24:11.800
<v Speaker 3>including by it'smar Ben Gavier, the Israeli Foreign Ministry and others,

0:24:12.080 --> 0:24:17.720
<v Speaker 3>attacking Spain after this migration wave. What is the connection there?

0:24:18.119 --> 0:24:18.320
<v Speaker 7>Is it?

0:24:18.359 --> 0:24:23.400
<v Speaker 3>Because of Spain's opposition to Israel and its conduct in Gaza.

0:24:23.440 --> 0:24:26.119
<v Speaker 7>Exactly, exactly, Yeah, that was the last piece. So Spain

0:24:26.240 --> 0:24:29.480
<v Speaker 7>under a prime minister, socialist prime minister at Pedro Sanchez,

0:24:29.680 --> 0:24:32.920
<v Speaker 7>has been really critical both of the war in Gaza

0:24:32.960 --> 0:24:35.239
<v Speaker 7>and now the Iran war, and even went as far

0:24:35.280 --> 0:24:38.000
<v Speaker 7>as to not allow the US to dock its planes

0:24:38.040 --> 0:24:40.800
<v Speaker 7>and that we have two bases inside of Spain. This

0:24:40.880 --> 0:24:43.160
<v Speaker 7>is a huge deal the Rotain I forget the name

0:24:43.160 --> 0:24:46.240
<v Speaker 7>of the other one, and so the MAGA has branded

0:24:46.280 --> 0:24:48.520
<v Speaker 7>Spain like public enemy number one. And there's also the

0:24:48.560 --> 0:24:52.000
<v Speaker 7>factor that they refuse to keep up with their defense

0:24:52.040 --> 0:24:57.080
<v Speaker 7>spending commitments under NATO. But yeah, the Israeli is also, Yeah,

0:24:57.720 --> 0:24:59.320
<v Speaker 7>this is they've been saying these kinds of things for

0:24:59.440 --> 0:25:02.879
<v Speaker 7>years to get back at Spain because Sanchez has been

0:25:02.920 --> 0:25:07.919
<v Speaker 7>in power since twenty eighteen, I believe. So, yeah, I

0:25:07.920 --> 0:25:11.119
<v Speaker 7>definitely don't think it's a coincidence. Yeah. I mean I

0:25:11.160 --> 0:25:13.800
<v Speaker 7>saw on like Newsmax they were saying, oh, the Spanish,

0:25:14.160 --> 0:25:17.640
<v Speaker 7>look at this, it's because they're opposed to like Western civilization. Well,

0:25:17.960 --> 0:25:19.440
<v Speaker 7>I mean it looks like you guys are kind of

0:25:19.480 --> 0:25:22.120
<v Speaker 7>opposed to Western civilization right now.

0:25:22.080 --> 0:25:25.960
<v Speaker 2>Right, let's go ahead and play to your point about

0:25:26.000 --> 0:25:31.960
<v Speaker 2>the right wing interest here in Spain, Trump recently said

0:25:32.040 --> 0:25:34.600
<v Speaker 2>there it's sort of issue a threat, said that the

0:25:34.640 --> 0:25:37.359
<v Speaker 2>Spanish are not quote behaving nicely, but they will learn.

0:25:37.440 --> 0:25:38.720
<v Speaker 2>Let's take a list of what he had to say.

0:25:39.480 --> 0:25:44.320
<v Speaker 6>Ah, the Spanish the members of NATO, but not very

0:25:44.320 --> 0:25:48.120
<v Speaker 6>good members of NATO. They say, no, we don't want

0:25:48.119 --> 0:25:49.040
<v Speaker 6>to help other people.

0:25:49.080 --> 0:25:50.040
<v Speaker 1>What are we doing?

0:25:50.160 --> 0:25:55.960
<v Speaker 6>Huh, they are not behaving nicely. They will learn soon

0:25:56.000 --> 0:26:01.240
<v Speaker 6>after they relinquish their grip on Cuba and the Philippage

0:26:01.320 --> 0:26:04.359
<v Speaker 6>and Puerto Rico and they were all ours. They oh,

0:26:04.400 --> 0:26:06.000
<v Speaker 6>we got them all.

0:26:07.040 --> 0:26:11.000
<v Speaker 2>So interesting comments there from Trump. I'm also reminded one

0:26:11.080 --> 0:26:14.760
<v Speaker 2>of a couple of other historical events here. One is

0:26:15.720 --> 0:26:20.840
<v Speaker 2>my friend Yegor said that in Belarus Lukashenko did something

0:26:20.920 --> 0:26:26.840
<v Speaker 2>very similar, bringing in migrants, mostly I rocky Kurdish migrants

0:26:26.880 --> 0:26:30.159
<v Speaker 2>and using them and encouraging them, actually bringing them in

0:26:30.200 --> 0:26:33.159
<v Speaker 2>on these like cheap flights and cheap tours supposedly a

0:26:33.200 --> 0:26:35.879
<v Speaker 2>Belarus and then encouraging them to flutter over the border

0:26:35.960 --> 0:26:38.400
<v Speaker 2>into Poland to sort of punish them for some things

0:26:38.440 --> 0:26:40.520
<v Speaker 2>that they had done, sanctioning him and calling his election

0:26:40.600 --> 0:26:43.199
<v Speaker 2>in question. It also of course, reminds very much of

0:26:43.240 --> 0:26:47.520
<v Speaker 2>the Texas strategy of busing migrants into blue cities, into

0:26:47.520 --> 0:26:51.240
<v Speaker 2>New York City, into Chicago, using people as ponds to

0:26:51.600 --> 0:26:54.160
<v Speaker 2>make this sort of political point and create on difficult

0:26:54.160 --> 0:26:58.640
<v Speaker 2>political situations for leaders that they're at odds with. So

0:26:58.720 --> 0:27:01.720
<v Speaker 2>it's not like this would be a new tactic if

0:27:01.720 --> 0:27:03.840
<v Speaker 2>it is, in fact, you know, the US and Israel

0:27:03.880 --> 0:27:06.280
<v Speaker 2>that are encouraging this to go forward.

0:27:07.400 --> 0:27:10.880
<v Speaker 7>Yeah, that's exactly right, exactly right. Another good example is Turkey,

0:27:10.920 --> 0:27:14.720
<v Speaker 7>which has long used migration in order to like extort

0:27:14.720 --> 0:27:17.280
<v Speaker 7>the EU for concessions. I mean, and that's just what

0:27:17.920 --> 0:27:21.359
<v Speaker 7>Morocco has done for forever. And you pointed out to

0:27:21.400 --> 0:27:26.159
<v Speaker 7>me that apparently they found like Moroccan intelligence agents among

0:27:26.240 --> 0:27:29.800
<v Speaker 7>the migrants that crossed over into Sauta, and you think

0:27:29.800 --> 0:27:32.919
<v Speaker 7>about it. Unfortunately, I'm gonna be real, this is you

0:27:32.960 --> 0:27:37.280
<v Speaker 7>know regard you know, I think it's a confluence of things,

0:27:37.320 --> 0:27:41.440
<v Speaker 7>but it's a savvy political move depending on well, you know,

0:27:41.480 --> 0:27:45.040
<v Speaker 7>whether it's Morocco, Israel, and or the US staging this.

0:27:45.720 --> 0:27:49.640
<v Speaker 7>Because you know, Sanchez has now put in this really

0:27:49.800 --> 0:27:55.240
<v Speaker 7>difficult position. In January, he actually passed this insane amnesty

0:27:55.400 --> 0:27:59.760
<v Speaker 7>for basically everyone who was in Spain or who had

0:27:59.760 --> 0:28:03.120
<v Speaker 7>come to Spaining regularly, which you know me personally, all say,

0:28:03.160 --> 0:28:05.040
<v Speaker 7>I think it's great for the migrants, and it's great

0:28:05.080 --> 0:28:09.320
<v Speaker 7>to not have this underclass of uh, you know, illegal workers.

0:28:09.640 --> 0:28:11.760
<v Speaker 7>But on the other hand, and the problem with these

0:28:11.800 --> 0:28:13.719
<v Speaker 7>kinds of amnesty is it's true, if you don't have

0:28:13.800 --> 0:28:17.199
<v Speaker 7>overwhelming enforcement on new arrivals, amnesty has just create a

0:28:17.200 --> 0:28:21.680
<v Speaker 7>further incentive for more illegal immigration. And so Sanchez now

0:28:21.680 --> 0:28:23.879
<v Speaker 7>has to decide. It's like, oh, do I clamp down

0:28:24.720 --> 0:28:28.080
<v Speaker 7>or do I just kind of do nothing. And you know,

0:28:28.080 --> 0:28:30.640
<v Speaker 7>Sianchez has done a number of good things. His stance

0:28:30.720 --> 0:28:33.320
<v Speaker 7>on against the US and Israel and also raising the

0:28:33.320 --> 0:28:35.639
<v Speaker 7>minimum wage a toen is extremely popular. You know, it's

0:28:35.720 --> 0:28:39.040
<v Speaker 7>not popular the amnesty he did, which has like a

0:28:39.280 --> 0:28:45.000
<v Speaker 7>sixty percent disapproval rating. Wow, So it's it's extremely rough.

0:28:45.120 --> 0:28:47.840
<v Speaker 7>It seems like, you know, I gave the advice that

0:28:48.280 --> 0:28:50.960
<v Speaker 7>he should the correct posture. I think for left to

0:28:51.000 --> 0:28:53.560
<v Speaker 7>says to say, look, migrants are human beings. They should

0:28:53.600 --> 0:28:56.360
<v Speaker 7>not be abused, but they also can't abuse the system,

0:28:56.360 --> 0:28:59.640
<v Speaker 7>and we need to have you know, have territorial integrity.

0:29:00.040 --> 0:29:01.560
<v Speaker 7>And he to his credit said that, you know, this

0:29:01.640 --> 0:29:05.080
<v Speaker 7>incident was a gross violation of spain sovereignty and a

0:29:05.120 --> 0:29:07.360
<v Speaker 7>majority of those that went into the city have already

0:29:07.400 --> 0:29:10.000
<v Speaker 7>been expelled. So you know, we'll see in the long

0:29:10.080 --> 0:29:13.640
<v Speaker 7>term what the electoral consequences are. There's an election, a

0:29:13.680 --> 0:29:17.040
<v Speaker 7>general election next year in Spain and Sianchez. You know,

0:29:17.080 --> 0:29:18.959
<v Speaker 7>he's a really crafty guy, but I don't know if

0:29:18.960 --> 0:29:20.840
<v Speaker 7>he's going to be able to pull the rabbit out

0:29:20.880 --> 0:29:24.360
<v Speaker 7>of the hat this time. He has these coalition partners

0:29:24.400 --> 0:29:27.560
<v Speaker 7>whom adm blamos that are extremely progressive. They're the like

0:29:27.880 --> 0:29:31.200
<v Speaker 7>no human being as a legal type of people. But

0:29:31.200 --> 0:29:35.400
<v Speaker 7>they've been tanking in the polls and they and the

0:29:35.400 --> 0:29:40.000
<v Speaker 7>Socialists have consistently won less votes than the PP and BOX,

0:29:40.040 --> 0:29:43.880
<v Speaker 7>which are the right wing parties. So Sanchez needs to

0:29:44.040 --> 0:29:47.240
<v Speaker 7>really figure things out. And like the last election, he

0:29:47.320 --> 0:29:50.280
<v Speaker 7>managed to like cobble this coalition with like minor regional

0:29:50.320 --> 0:29:54.840
<v Speaker 7>parties by granting amnesty another amnesty to Catalan separatists, and

0:29:54.880 --> 0:29:56.560
<v Speaker 7>that's a whole other issues.

0:29:56.640 --> 0:30:00.960
<v Speaker 3>So yeah, let's let's let's leave that Spanish epparti on

0:30:01.000 --> 0:30:02.560
<v Speaker 3>the back burner. As you said, I just want to

0:30:02.560 --> 0:30:05.640
<v Speaker 3>emphasize your point D six up here on the screen

0:30:06.200 --> 0:30:11.000
<v Speaker 3>that Spanish police had found members of Moroccan intelligence amongst

0:30:11.040 --> 0:30:15.280
<v Speaker 3>the migrants. This is from l Espanol in Spain in

0:30:15.400 --> 0:30:18.560
<v Speaker 3>terms of their investigation into it. But as you said,

0:30:18.600 --> 0:30:21.000
<v Speaker 3>I do think it will be a very interesting case.

0:30:21.160 --> 0:30:24.760
<v Speaker 3>It caused a real diplomatic problem for Sanchez, not just

0:30:24.800 --> 0:30:27.760
<v Speaker 3>with Morocco, but there were calls to expel or i

0:30:27.760 --> 0:30:30.920
<v Speaker 3>think temporarily suspend their access to the Schengen, which is

0:30:30.920 --> 0:30:34.120
<v Speaker 3>the free movement or inside of Europe, which would be

0:30:34.240 --> 0:30:38.000
<v Speaker 3>a dramatic escalation for all the citizens obviously of Spain.

0:30:38.080 --> 0:30:40.720
<v Speaker 3>Kind of defeats the entire purpose of the European Union

0:30:40.800 --> 0:30:42.760
<v Speaker 3>and exactly the type of thing, as you said, that

0:30:42.800 --> 0:30:45.960
<v Speaker 3>could invite electoral backlash Hymn because of how you know,

0:30:46.000 --> 0:30:47.280
<v Speaker 3>people in Europe really liked.

0:30:47.200 --> 0:30:49.440
<v Speaker 1>That, so wow, fascinating, fascinating.

0:30:49.480 --> 0:30:51.840
<v Speaker 2>ASU was one one last one for you, just on

0:30:52.000 --> 0:30:55.320
<v Speaker 2>the Israel connection here. Some of the speculation I saw

0:30:55.560 --> 0:30:58.240
<v Speaker 2>is that, you know, Israel, in terms of being able

0:30:58.280 --> 0:31:02.200
<v Speaker 2>to export their own goods there, they got some problems

0:31:02.240 --> 0:31:06.200
<v Speaker 2>in the Red Sea now to put it mildly, and

0:31:06.240 --> 0:31:09.800
<v Speaker 2>so their other alternative route is through the Mediterranean Sea.

0:31:09.840 --> 0:31:11.840
<v Speaker 2>Which of course you have to go through the Strait

0:31:11.840 --> 0:31:14.720
<v Speaker 2>of Gibraltar. So they have very, you know, great interest

0:31:14.880 --> 0:31:17.280
<v Speaker 2>in what's going on right there. Do you think that

0:31:17.320 --> 0:31:21.320
<v Speaker 2>could be part of the motivation for their uh, you know,

0:31:21.400 --> 0:31:22.760
<v Speaker 2>their their interest in Seyuda?

0:31:22.800 --> 0:31:22.960
<v Speaker 6>Hear.

0:31:23.760 --> 0:31:24.640
<v Speaker 1>Yeah, that's a good point.

0:31:24.720 --> 0:31:28.120
<v Speaker 7>Some analysts have pointed out why Sayuta and not Melija,

0:31:28.200 --> 0:31:31.960
<v Speaker 7>because Melija is is far away from the Strait of

0:31:31.960 --> 0:31:35.520
<v Speaker 7>Gibraltar itself. The thing is, without Sayota, Spain would have

0:31:35.600 --> 0:31:39.080
<v Speaker 7>no control over the straight Well, I guess arguably, but

0:31:39.080 --> 0:31:41.560
<v Speaker 7>but you know, the two most important ports are Gibraltar

0:31:42.160 --> 0:31:45.600
<v Speaker 7>and uh Sayota. And another thing that that reminded me.

0:31:45.840 --> 0:31:47.959
<v Speaker 7>I'm not sure how much this applies now, but some

0:31:48.000 --> 0:31:51.120
<v Speaker 7>months ago I saw that Iran had given like Spanish

0:31:51.120 --> 0:31:54.200
<v Speaker 7>ship's passage through the Strait of Harmon. So yeah, you

0:31:54.200 --> 0:31:56.320
<v Speaker 7>can imagine that the Israelis and the US have been

0:31:56.400 --> 0:31:58.000
<v Speaker 7>furious about that, right.

0:31:58.000 --> 0:32:01.040
<v Speaker 3>A really good point, man, fascinating stuff. Really had no

0:32:01.120 --> 0:32:03.640
<v Speaker 3>idea all goes back to the Treaty of Lisbon in

0:32:03.680 --> 0:32:06.160
<v Speaker 3>sixteen eighty eight. Who am I such a fool for

0:32:06.200 --> 0:32:07.120
<v Speaker 3>not having learned about it?

0:32:07.400 --> 0:32:10.400
<v Speaker 1>So thank you, thank you the colonial maga.

0:32:10.480 --> 0:32:13.680
<v Speaker 2>Yeah, who was it that said, wars or how Americans

0:32:13.760 --> 0:32:14.440
<v Speaker 2>learned geography.

0:32:14.480 --> 0:32:18.000
<v Speaker 5>Apparently that process true, genuinely true.

0:32:18.280 --> 0:32:19.360
<v Speaker 1>Okay, thanks man.

0:32:22.120 --> 0:32:25.160
<v Speaker 3>A major lawsuit here in the United States between the

0:32:25.360 --> 0:32:27.640
<v Speaker 3>State of New York and Calshie, let's put this up

0:32:27.680 --> 0:32:30.680
<v Speaker 3>here on the screen. Calshi now being sued by New

0:32:30.760 --> 0:32:33.160
<v Speaker 3>York State saying that the prediction market is running a

0:32:33.280 --> 0:32:39.160
<v Speaker 3>quote illegal gambling operation, an illegal, unlicensed gambling operation. After

0:32:39.240 --> 0:32:43.040
<v Speaker 3>Calshe had originally proposed a framework to avoid a lawsuit

0:32:43.080 --> 0:32:45.920
<v Speaker 3>with the state. Calsh basically had come to the state

0:32:46.000 --> 0:32:48.160
<v Speaker 3>and said, if you allow us to operate, we'll cut

0:32:48.200 --> 0:32:51.280
<v Speaker 3>you in on revenue. They promised up to ten billion

0:32:51.360 --> 0:32:54.600
<v Speaker 3>dollars in revenue for the state on an eventual basis

0:32:54.600 --> 0:32:58.120
<v Speaker 3>if they were allowed to have some sort of allowed,

0:32:58.160 --> 0:33:01.240
<v Speaker 3>some sort of action. The key point is that Calsh

0:33:01.400 --> 0:33:05.479
<v Speaker 3>had proposed a North Carolina six percent tax on trades,

0:33:05.800 --> 0:33:09.479
<v Speaker 3>while New York State currently has a twenty three percent

0:33:09.600 --> 0:33:13.640
<v Speaker 3>tax on traditional gambling. So New York, they claim, would

0:33:13.640 --> 0:33:16.480
<v Speaker 3>have raised ten billion dollars. Like I said, over five years,

0:33:16.600 --> 0:33:18.760
<v Speaker 3>talks broke down and the state sued. But I do

0:33:18.840 --> 0:33:22.560
<v Speaker 3>want to focus on that very specifically. This ultimately is

0:33:22.600 --> 0:33:27.080
<v Speaker 3>about whether prediction markets will be allowed to operate nationwide,

0:33:27.200 --> 0:33:31.160
<v Speaker 3>as in do states have the right to regulate gambling

0:33:31.240 --> 0:33:35.040
<v Speaker 3>in their state. Calshi maintains till the day till the

0:33:35.120 --> 0:33:37.840
<v Speaker 3>day is long, that they are not gambling, that they

0:33:37.840 --> 0:33:41.560
<v Speaker 3>are a prediction market which is authorized under event contracts,

0:33:41.720 --> 0:33:45.680
<v Speaker 3>which is written into Dodd Frank legislation, which specifically had

0:33:45.720 --> 0:33:47.640
<v Speaker 3>said there are two things that you're not allowed to

0:33:47.640 --> 0:33:50.720
<v Speaker 3>trade prediction mark or event contracts on ergo under that

0:33:50.840 --> 0:33:54.080
<v Speaker 3>legal framework which has now been operationalized by the CFTC

0:33:54.400 --> 0:33:57.680
<v Speaker 3>under Donald Trump. That any other event contract is allowed

0:33:57.800 --> 0:34:00.280
<v Speaker 3>to be is allowed to be given nationwide.

0:34:00.360 --> 0:34:02.400
<v Speaker 1>Thus states are not allowed to regulate it.

0:34:02.480 --> 0:34:05.560
<v Speaker 3>However, if you actually look into some of the details,

0:34:05.720 --> 0:34:08.359
<v Speaker 3>a lot of that begs belief in my opinion. Let's

0:34:08.360 --> 0:34:10.640
<v Speaker 3>go to the next one for example, shall we. This

0:34:10.719 --> 0:34:14.200
<v Speaker 3>is from Bloomberg and they just showed new data shows

0:34:14.200 --> 0:34:18.080
<v Speaker 3>that parlay bets quote are burning gamblers. Again as there

0:34:18.400 --> 0:34:21.800
<v Speaker 3>or there as the market booms on Calshi. So Calshi

0:34:22.080 --> 0:34:24.600
<v Speaker 3>likes to operate and to tell us that they are

0:34:24.880 --> 0:34:28.640
<v Speaker 3>an event contracting website in which people can hedge risk.

0:34:28.760 --> 0:34:31.799
<v Speaker 3>They famously, very recently have pointed out an ice cream

0:34:31.840 --> 0:34:35.040
<v Speaker 3>shop who hedges the risk of rain because their revenue

0:34:35.080 --> 0:34:36.720
<v Speaker 3>is going to go down and this guy is able

0:34:36.880 --> 0:34:39.120
<v Speaker 3>to pay his rent, or a guy who recently hosted

0:34:39.120 --> 0:34:41.400
<v Speaker 3>a conference but he wanted to hedge the risk that

0:34:41.480 --> 0:34:43.960
<v Speaker 3>flights would get canceled and thus make sure that he

0:34:43.960 --> 0:34:46.520
<v Speaker 3>would make his money no matter what. The truth though,

0:34:46.600 --> 0:34:49.360
<v Speaker 3>is that the vast majority of the contracts being traded

0:34:49.400 --> 0:34:51.920
<v Speaker 3>on this website are just sports bets. So when we

0:34:52.000 --> 0:34:54.440
<v Speaker 3>break down like, for example, these parlay bets, the very

0:34:54.520 --> 0:34:58.080
<v Speaker 3>same things the degenerates are betting on FanDuel or DraftKings,

0:34:58.239 --> 0:35:00.960
<v Speaker 3>they are losing some you know, hun of millions of

0:35:00.960 --> 0:35:03.040
<v Speaker 3>dollars and what we can see in front of here,

0:35:03.840 --> 0:35:07.359
<v Speaker 3>betters on Calshi's app and website since the start of

0:35:07.440 --> 0:35:11.840
<v Speaker 3>the year, excluding fees, have lost a net two hundred

0:35:11.920 --> 0:35:16.000
<v Speaker 3>and ninety four million dollars. The losses of these sports

0:35:16.040 --> 0:35:18.960
<v Speaker 3>of wagers quote used to be largely captured by sportsbook

0:35:19.120 --> 0:35:21.920
<v Speaker 3>but the prediction markets are now changing that dynamic by

0:35:21.920 --> 0:35:25.000
<v Speaker 3>promoting similar trades to their small time customers. Again, the

0:35:25.120 --> 0:35:27.000
<v Speaker 3>very same type of people who would be using these

0:35:27.040 --> 0:35:29.799
<v Speaker 3>gambling apps in order to offer them. Of course, they

0:35:30.360 --> 0:35:33.160
<v Speaker 3>demonstrate and talk to a lot of people who previously

0:35:33.160 --> 0:35:35.440
<v Speaker 3>were on FanDuel, now they're doing it on Calshi. But

0:35:35.560 --> 0:35:38.279
<v Speaker 3>if you're doing a quote unquote combo bet or a

0:35:38.320 --> 0:35:41.040
<v Speaker 3>parlay bet, you are gambling at the end of the day.

0:35:41.160 --> 0:35:43.279
<v Speaker 3>And Crystal, the reason why I wanted to highlight this

0:35:43.719 --> 0:35:46.560
<v Speaker 3>is that I'm almost certain about what's going to happen.

0:35:46.880 --> 0:35:50.480
<v Speaker 3>This date lawsuit is going to. What Calshi is offering

0:35:50.600 --> 0:35:53.439
<v Speaker 3>is something called preemption. They're moving into federal court. They've

0:35:53.480 --> 0:35:56.160
<v Speaker 3>had a mixed bag in terms of court rulings. Their

0:35:56.239 --> 0:35:58.680
<v Speaker 3>ultimate goal is to get this before the United States

0:35:58.719 --> 0:36:02.520
<v Speaker 3>Supreme Court. The Supreme Court, which is very libertarian, largely

0:36:02.560 --> 0:36:05.799
<v Speaker 3>appointed here by Donald Trump, is almost certain to side

0:36:05.880 --> 0:36:09.319
<v Speaker 3>with the Trump administration. The Trump administration CFTC, as I said,

0:36:09.520 --> 0:36:13.120
<v Speaker 3>argues that these prediction markets are explicitly allowed by Dodd Frank.

0:36:13.200 --> 0:36:14.480
<v Speaker 1>Thank you to Dodd Frank, by the way.

0:36:14.880 --> 0:36:17.400
<v Speaker 3>And what it means is that you can have nationwide

0:36:17.440 --> 0:36:19.800
<v Speaker 3>event contracts aka sports gambling.

0:36:20.080 --> 0:36:21.480
<v Speaker 1>And why is that all important?

0:36:21.600 --> 0:36:24.520
<v Speaker 3>Because first of all, it removes the ability, even though

0:36:24.560 --> 0:36:26.960
<v Speaker 3>I don't support it, of the state to regulate at all.

0:36:27.200 --> 0:36:29.359
<v Speaker 3>Number one, like we're talking here about the twenty three

0:36:29.400 --> 0:36:32.879
<v Speaker 3>percent tax versus the six percent tax. But two, none

0:36:32.920 --> 0:36:35.120
<v Speaker 3>of us really signed up for this. None of us

0:36:35.239 --> 0:36:39.120
<v Speaker 3>knew that a Supreme Court case from twenty eighteen, and

0:36:39.200 --> 0:36:42.200
<v Speaker 3>now these websites capitalized with hundreds of billions of dollars

0:36:42.400 --> 0:36:45.239
<v Speaker 3>with all kinds of insider trading concerns and others, would

0:36:45.280 --> 0:36:48.000
<v Speaker 3>make it so that there will be nationwide sports gambling

0:36:48.040 --> 0:36:50.399
<v Speaker 3>and there's nothing that any of us can do about

0:36:50.400 --> 0:36:52.520
<v Speaker 3>it at an individual state level, where at the very

0:36:52.600 --> 0:36:55.080
<v Speaker 3>least we had previously understood that we had some control.

0:36:55.680 --> 0:36:57.160
<v Speaker 5>Yeah, no, that's exactly right.

0:36:57.280 --> 0:36:59.919
<v Speaker 2>There's a reason why Kels is so insistent that these

0:37:00.120 --> 0:37:03.040
<v Speaker 2>are this is not gambling. These are futures contracts because

0:37:03.120 --> 0:37:06.920
<v Speaker 2>futures contracts are regulated by the FEDS. Gambling is regulated

0:37:07.000 --> 0:37:10.160
<v Speaker 2>by the states. They don't want states, and New York's

0:37:10.200 --> 0:37:12.400
<v Speaker 2>not the only one, but they don't want states to

0:37:12.400 --> 0:37:15.200
<v Speaker 2>be able to rein them in and regulate them. They

0:37:15.200 --> 0:37:17.920
<v Speaker 2>want it to be left all to the federal level,

0:37:17.960 --> 0:37:20.239
<v Speaker 2>and specifically to go to the Supreme Court because they

0:37:20.280 --> 0:37:22.759
<v Speaker 2>know the libertarian bent there. Now, the flip side of

0:37:22.800 --> 0:37:24.600
<v Speaker 2>this is you say, okay, well, if it's being regulated

0:37:24.640 --> 0:37:26.520
<v Speaker 2>by the Feds, then does that mean that at the

0:37:26.520 --> 0:37:29.440
<v Speaker 2>federal level, under maybe a different administration, we could ban

0:37:29.600 --> 0:37:31.919
<v Speaker 2>or at least control this stuff. But you can bet

0:37:32.000 --> 0:37:34.279
<v Speaker 2>if there was some law passed through Congress, Supreme Court

0:37:34.320 --> 0:37:36.520
<v Speaker 2>would probably find a way to say that was unconstitutional

0:37:36.560 --> 0:37:36.959
<v Speaker 2>as well.

0:37:37.440 --> 0:37:38.520
<v Speaker 5>And that's where we really.

0:37:38.440 --> 0:37:42.680
<v Speaker 2>Get into a failure of democracy that I think people

0:37:42.800 --> 0:37:46.840
<v Speaker 2>are really experiencing here, not just with gambling, certainly on

0:37:46.880 --> 0:37:50.160
<v Speaker 2>that front, but also on the AI data center front.

0:37:50.520 --> 0:37:52.440
<v Speaker 2>There are things that are being done in our country

0:37:52.480 --> 0:37:57.399
<v Speaker 2>right now that are completely transforming everything from individual communities

0:37:57.520 --> 0:38:01.480
<v Speaker 2>and states all the way up to the entire world

0:38:01.560 --> 0:38:03.920
<v Speaker 2>and the way that labor is going to operate in

0:38:03.960 --> 0:38:07.480
<v Speaker 2>the economy that people have had effectively no say in.

0:38:07.960 --> 0:38:10.560
<v Speaker 2>And so while you know, with the AI example on

0:38:10.600 --> 0:38:12.960
<v Speaker 2>the data center front, there's been some local pushback that's

0:38:13.000 --> 0:38:15.680
<v Speaker 2>been successful, I don't think anyone is under any illusion

0:38:16.160 --> 0:38:18.600
<v Speaker 2>that nationwide they're going to build their data centers and

0:38:18.640 --> 0:38:21.520
<v Speaker 2>they're going to get what they ultimately want. So it

0:38:21.600 --> 0:38:24.600
<v Speaker 2>really does contribute to all of the ills that we've

0:38:24.600 --> 0:38:30.799
<v Speaker 2>talked about here, the skyrocketing levels of depression, anxiety, suicide, bankruptcy,

0:38:30.960 --> 0:38:34.400
<v Speaker 2>especially among young men, which have turned out to be

0:38:34.480 --> 0:38:37.680
<v Speaker 2>quite a vulnerable demographic, but also in terms of the

0:38:37.760 --> 0:38:42.680
<v Speaker 2>sense that society is being changed by oligarchs who stand

0:38:42.680 --> 0:38:44.759
<v Speaker 2>to profit and make a lot of money, and we're

0:38:44.760 --> 0:38:47.080
<v Speaker 2>being completely shut out of being able to shape that

0:38:47.160 --> 0:38:48.879
<v Speaker 2>future and what it looks like at all.

0:38:49.360 --> 0:38:51.520
<v Speaker 3>Right, Yeah, can I give everyone a good example to

0:38:52.160 --> 0:38:54.680
<v Speaker 3>for why everyone should just stay off of these? During

0:38:54.760 --> 0:38:58.760
<v Speaker 3>the World Cup between Argentina and Spain, Cauci users traded

0:38:58.880 --> 0:39:03.680
<v Speaker 3>thirty thousand unique same game combos aka parlay, with many

0:39:03.719 --> 0:39:07.239
<v Speaker 3>attracting thousands of bets. In the end, fewer than three

0:39:07.680 --> 0:39:12.360
<v Speaker 3>percent resolved to yes, what are we doing here? And

0:39:12.400 --> 0:39:15.440
<v Speaker 3>people willingly throw their money into this? And did anybody

0:39:15.440 --> 0:39:19.359
<v Speaker 3>else including me? Notice Shalome in his little calchi ad

0:39:19.640 --> 0:39:22.840
<v Speaker 3>and then the Calshi with stuff all around the World Cup?

0:39:23.400 --> 0:39:25.720
<v Speaker 3>And you know, I guess to their credit, they charge

0:39:25.800 --> 0:39:28.279
<v Speaker 3>less and they make less than the sports book. It

0:39:28.320 --> 0:39:30.960
<v Speaker 3>doesn't make it any more any worse. You know, the

0:39:31.000 --> 0:39:34.160
<v Speaker 3>fact that they're still taking advantage of so many different

0:39:34.200 --> 0:39:37.120
<v Speaker 3>people I guess who are willingly throwing their money away.

0:39:37.320 --> 0:39:39.480
<v Speaker 3>And to this point, let's put E four up here

0:39:39.520 --> 0:39:42.280
<v Speaker 3>on the screen. I mean, this is now the state

0:39:42.440 --> 0:39:47.040
<v Speaker 3>of the United States. Gambling has now become America's favorite pastime.

0:39:47.480 --> 0:39:53.760
<v Speaker 3>Americans now spend more on sports bets than movies, art, museums,

0:39:53.800 --> 0:39:55.600
<v Speaker 3>and music combined.

0:39:56.200 --> 0:39:58.920
<v Speaker 1>This happened in an eight.

0:39:58.840 --> 0:40:02.200
<v Speaker 3>Year period from the league realization in twenty eighteen of

0:40:02.239 --> 0:40:06.520
<v Speaker 3>the twenty eighteen Sport Supreme Court case to twenty twenty six.

0:40:06.600 --> 0:40:11.400
<v Speaker 3>That's all it took for basically unfettered, you know, unfettered

0:40:11.480 --> 0:40:18.040
<v Speaker 3>and exploitative oligarchic capitalism, combined with states that completely fell

0:40:18.040 --> 0:40:20.800
<v Speaker 3>for this nonsense about how great all the tax revenue

0:40:21.000 --> 0:40:25.719
<v Speaker 3>would be to it becoming more the most important entertainment

0:40:25.760 --> 0:40:29.560
<v Speaker 3>industry in America. And again, how many of us really

0:40:29.600 --> 0:40:31.560
<v Speaker 3>acquiesced to this. It all just came down to a

0:40:31.560 --> 0:40:34.800
<v Speaker 3>Supreme Court case. People fell for a lot of lies.

0:40:35.160 --> 0:40:38.960
<v Speaker 3>We now see an explosion in addiction and in bankruptcy.

0:40:39.000 --> 0:40:41.919
<v Speaker 3>I've covered dozens of those types of cases. It will

0:40:41.920 --> 0:40:43.560
<v Speaker 3>only continue to get.

0:40:43.360 --> 0:40:44.400
<v Speaker 1>Worse, worse and worse.

0:40:45.000 --> 0:40:47.600
<v Speaker 3>Actually, much of the polling is beginning to turn against

0:40:47.600 --> 0:40:49.880
<v Speaker 3>this at the very time that it is becoming a

0:40:50.040 --> 0:40:54.400
<v Speaker 3>nationwide pastime. So I just encourage again everybody to look

0:40:54.520 --> 0:40:57.279
<v Speaker 3>deep inside and to say, is this actually making our

0:40:57.280 --> 0:41:00.600
<v Speaker 3>country better? Or is it a massive massively you know,

0:41:00.680 --> 0:41:04.799
<v Speaker 3>extractive tax on the vast majority of working class men,

0:41:05.200 --> 0:41:07.000
<v Speaker 3>because that's what it is if you actually want to

0:41:07.000 --> 0:41:09.560
<v Speaker 3>look at it empirically. Last thing I want to show

0:41:09.600 --> 0:41:12.440
<v Speaker 3>you is that even the corrupt NFL thinks that all

0:41:12.440 --> 0:41:14.840
<v Speaker 3>of this is bad. Let's put what is it E

0:41:14.960 --> 0:41:18.160
<v Speaker 3>five up here on the screen. Even they came to

0:41:18.200 --> 0:41:20.520
<v Speaker 3>the FEDS and they were like, yeah, guys, you need

0:41:20.560 --> 0:41:22.839
<v Speaker 3>to do more about insider trading. And by the way,

0:41:22.840 --> 0:41:26.400
<v Speaker 3>this came after there were multiple insider trades that were placed.

0:41:26.400 --> 0:41:29.680
<v Speaker 3>I think it was by Arizona in the lead up

0:41:29.680 --> 0:41:32.800
<v Speaker 3>to the draft, where a draft insider used his insider

0:41:32.840 --> 0:41:35.680
<v Speaker 3>information literally to profit tens of thousands of dollars.

0:41:35.760 --> 0:41:36.680
<v Speaker 1>Luckily he was caught.

0:41:36.760 --> 0:41:40.160
<v Speaker 3>But even the NFL is going to the CFTC today

0:41:40.360 --> 0:41:43.200
<v Speaker 3>and again the same NFL, which is totally in league

0:41:43.200 --> 0:41:46.480
<v Speaker 3>with the sportsman gambling companies and saying that right now

0:41:46.640 --> 0:41:49.360
<v Speaker 3>a lot of these prediction markets are not they do

0:41:49.440 --> 0:41:51.400
<v Speaker 3>there are not enough rules that are in place in

0:41:51.480 --> 0:41:54.560
<v Speaker 3>order to catch insider traders. Calci again would come to

0:41:54.600 --> 0:41:57.080
<v Speaker 3>me and say that they hate insider traders and that.

0:41:57.000 --> 0:41:57.919
<v Speaker 1>They go after them.

0:41:58.120 --> 0:42:01.520
<v Speaker 3>But you know, you basically have have to self regulate

0:42:01.600 --> 0:42:05.239
<v Speaker 3>and trust that they themselves would come out and guarantee

0:42:05.280 --> 0:42:08.320
<v Speaker 3>that they're going to investigate. No private company obviously should

0:42:08.320 --> 0:42:09.759
<v Speaker 3>be able to do that. So I just want to

0:42:09.800 --> 0:42:12.439
<v Speaker 3>highlight that even the NFL, who is totally in league

0:42:12.480 --> 0:42:15.719
<v Speaker 3>with sports gambling, despite you know, opposing it for decades,

0:42:15.800 --> 0:42:17.640
<v Speaker 3>even they are going to the FEDS and saying you're

0:42:17.640 --> 0:42:20.880
<v Speaker 3>not doing enough to actually punish any potential insider trading,

0:42:20.920 --> 0:42:24.720
<v Speaker 3>which I do believe will explode massively because even if Calci,

0:42:25.000 --> 0:42:28.200
<v Speaker 3>you know, worries about insider trades, polymarket is still quasi

0:42:28.280 --> 0:42:30.920
<v Speaker 3>legal here in the United States, and plenty of insider

0:42:30.920 --> 0:42:33.320
<v Speaker 3>trades get placed there all the time, as we saw

0:42:33.520 --> 0:42:35.960
<v Speaker 3>with a lot of these accounts that have been happily

0:42:36.000 --> 0:42:38.240
<v Speaker 3>able to predict what's going on in Iran.

0:42:38.400 --> 0:42:39.560
<v Speaker 1>So here we are sager.

0:42:39.560 --> 0:42:42.239
<v Speaker 2>Do you think with the NFL, are they just concerned

0:42:42.440 --> 0:42:44.800
<v Speaker 2>that you get to a point where no one believes

0:42:44.800 --> 0:42:47.080
<v Speaker 2>that there's anything real about the games and that will

0:42:47.160 --> 0:42:49.280
<v Speaker 2>undermine the value of.

0:42:49.160 --> 0:42:52.239
<v Speaker 3>The of the league. Yeah, of course, because they see

0:42:52.239 --> 0:42:54.719
<v Speaker 3>it firsthand. I just talked about that draft example. You

0:42:54.800 --> 0:42:57.160
<v Speaker 3>literally had a guy on the draft council bet that

0:42:57.280 --> 0:42:59.360
<v Speaker 3>you know his team was going to draft the player

0:42:59.400 --> 0:43:01.160
<v Speaker 3>that they were going to draft. I mean, he's an

0:43:01.200 --> 0:43:04.400
<v Speaker 3>idiot because he did it so blatantly. But all he

0:43:04.400 --> 0:43:06.239
<v Speaker 3>had to do was call his brother in law or

0:43:06.239 --> 0:43:08.480
<v Speaker 3>somebody else to go place the trade on your polymarket.

0:43:08.680 --> 0:43:09.560
<v Speaker 1>Nobody would have known.

0:43:09.600 --> 0:43:11.600
<v Speaker 3>Any would have made himself a ton of money and

0:43:11.600 --> 0:43:13.279
<v Speaker 3>they could have split the cash. So if he was

0:43:13.320 --> 0:43:15.000
<v Speaker 3>just a little bit smarter about it, how would they

0:43:15.040 --> 0:43:15.880
<v Speaker 3>have been able to catch it?

0:43:16.040 --> 0:43:17.960
<v Speaker 1>And that's just talking about the draft. Let's talk about

0:43:18.040 --> 0:43:18.480
<v Speaker 1>the refs.

0:43:18.560 --> 0:43:21.960
<v Speaker 3>Let's talk about all of the other individual trade bets

0:43:22.160 --> 0:43:23.759
<v Speaker 3>that they offer. And that's the thing too, It's not

0:43:23.800 --> 0:43:27.000
<v Speaker 3>even just about player performance. It's about player movement. It's

0:43:27.000 --> 0:43:29.360
<v Speaker 3>about I mean, you know Love Island, that show that

0:43:29.560 --> 0:43:34.439
<v Speaker 3>was just broadcasting recently, Calshi was all over advertising trying

0:43:34.440 --> 0:43:37.279
<v Speaker 3>to get women to join on Calshie so that they

0:43:37.280 --> 0:43:40.320
<v Speaker 3>could gamble on who's going to win the Loveland finale.

0:43:40.480 --> 0:43:43.319
<v Speaker 3>I'm sorry, you know what, a producer who's on the

0:43:43.360 --> 0:43:47.400
<v Speaker 3>show in England or you know wherever can't see that

0:43:47.520 --> 0:43:50.440
<v Speaker 3>market have access. Let's see to some of the voting

0:43:50.520 --> 0:43:53.919
<v Speaker 3>data by ITV or Peacock or whoever runs the show

0:43:54.120 --> 0:43:55.719
<v Speaker 3>and can't make a little bit of money on that

0:43:56.080 --> 0:43:59.040
<v Speaker 3>or call their you know, cousin, brother or anything. Again,

0:43:59.080 --> 0:44:01.680
<v Speaker 3>Calshie'll tell you that they'll catch that person. Do you

0:44:01.719 --> 0:44:03.400
<v Speaker 3>really trust it or should we just not have a

0:44:03.440 --> 0:44:05.520
<v Speaker 3>market on that? And why should anybody be able to

0:44:05.560 --> 0:44:10.680
<v Speaker 3>gamble on the Love Island finale? It's complete insanity. We remember,

0:44:11.239 --> 0:44:13.439
<v Speaker 3>I think it was either Golden Globes or oscars, which

0:44:13.440 --> 0:44:16.800
<v Speaker 3>included the odds within it. Again, these are voting decisions

0:44:16.840 --> 0:44:19.440
<v Speaker 3>that come down to like the Director's Guild of where

0:44:19.480 --> 0:44:21.960
<v Speaker 3>there's not even that many people in which the decision

0:44:22.000 --> 0:44:24.800
<v Speaker 3>is known to a small group who easily could be

0:44:24.840 --> 0:44:28.520
<v Speaker 3>able to exploit their information. So at the very basis,

0:44:28.640 --> 0:44:30.920
<v Speaker 3>it just comes down to these markets shouldn't exist at all,

0:44:31.040 --> 0:44:33.400
<v Speaker 3>as the NFL is actually kind of hinting at inside

0:44:33.400 --> 0:44:35.719
<v Speaker 3>of this, and that's as bad. And this is them

0:44:36.040 --> 0:44:39.480
<v Speaker 3>already being okay with the individual player performance bets, just

0:44:39.520 --> 0:44:41.959
<v Speaker 3>to give an example of how concerned they are about

0:44:42.000 --> 0:44:43.600
<v Speaker 3>the FEDS. But it's coming, and that's one of the

0:44:43.600 --> 0:44:45.719
<v Speaker 3>reasons I want to do this segment is that very

0:44:45.719 --> 0:44:48.040
<v Speaker 3>soon the Supreme Court is going to side with Calcium,

0:44:48.040 --> 0:44:50.719
<v Speaker 3>almost one hundred percent sure of it, and this will

0:44:50.719 --> 0:44:55.160
<v Speaker 3>be absolutely nationwide legal and unless there is a complete

0:44:55.200 --> 0:44:56.719
<v Speaker 3>change in the way that we regulate this at the

0:44:56.760 --> 0:44:59.279
<v Speaker 3>federal level, that is your faith now as a nation.

0:45:00.080 --> 0:45:02.640
<v Speaker 2>And to go back to that piece about how now

0:45:03.400 --> 0:45:07.280
<v Speaker 2>this betting, gambling is the number one pastime surpass movie,

0:45:07.400 --> 0:45:11.480
<v Speaker 2>our museum, concert, everything all together. I mean, just think

0:45:11.520 --> 0:45:14.480
<v Speaker 2>about what that means for society. So instead of actually

0:45:14.560 --> 0:45:17.040
<v Speaker 2>going to a sporting event where you're with people, which

0:45:17.080 --> 0:45:20.400
<v Speaker 2>is a social behavior, you're staying home and placing a

0:45:20.400 --> 0:45:22.960
<v Speaker 2>bed on your phone, instead of going to a concert,

0:45:23.000 --> 0:45:27.160
<v Speaker 2>again a social activity. You are instead spending that money,

0:45:27.280 --> 0:45:29.640
<v Speaker 2>like losing that money, just feeding it to you know,

0:45:29.760 --> 0:45:33.360
<v Speaker 2>all of arcs who run these companies. So it's a

0:45:33.400 --> 0:45:36.879
<v Speaker 2>profound shift, and it's happened under our noses, and they're

0:45:36.880 --> 0:45:39.120
<v Speaker 2>trying to take away our ability to do, to have

0:45:39.200 --> 0:45:41.400
<v Speaker 2>any say and whether this is what we want our

0:45:41.440 --> 0:45:42.120
<v Speaker 2>society to be.

0:45:42.160 --> 0:45:44.480
<v Speaker 1>Like, yeah, exactly, I think that's very well said.

0:45:44.480 --> 0:45:47.440
<v Speaker 3>Money actually is a literal finite resource, and so if

0:45:47.440 --> 0:45:49.520
<v Speaker 3>you put spend money on something else, then you're not

0:45:49.560 --> 0:45:51.839
<v Speaker 3>going to have it for this, especially you know, when

0:45:51.840 --> 0:45:53.560
<v Speaker 3>we're looking at these World Cup bets and you're getting

0:45:53.600 --> 0:45:55.920
<v Speaker 3>a three percent win rate, which is so insane I

0:45:55.960 --> 0:45:59.919
<v Speaker 3>can't believe that number is even legal, frankly, So yeah,

0:46:00.040 --> 0:46:02.640
<v Speaker 3>there we go. Thank you everybody who's been subscribing and

0:46:02.719 --> 0:46:04.680
<v Speaker 3>supporting the show. We appreciate it, and we will see

0:46:04.680 --> 0:46:05.480
<v Speaker 3>you all tomorrow