WEBVTT - Not Just No, But Hell No! 0:00:01.880 --> 0:00:06.120 Broadcasting live from the Abraham Lincoln Radio Studio, the George 0:00:06.240 --> 0:00:10.760 Washington Broadcast Center, Jack Armstrong and Joe, Katty arm Strong 0:00:10.800 --> 0:00:24.599 and Jetty and he Armstrong and Yetty. But before that, 0:00:24.640 --> 0:00:30.720 we're gonna do Magda Magda make America great depression together. 0:00:32.040 --> 0:00:34.120 You know what, It'll be great. It'll be better than great. 0:00:34.200 --> 0:00:38.479 It'll be a fantastic, unbelievable depression like so which. 0:00:38.280 --> 0:00:41.479 I've never seen before. We like to say, what's so 0:00:41.640 --> 0:00:43.159 which we've never seen before? 0:00:43.600 --> 0:00:45.520 You know, this depression is gonna be so great. 0:00:45.560 --> 0:00:47.520 We'll be the ones eating the cats and the dogs. 0:00:47.560 --> 0:00:52.040 That's gonna be far Low and Srow. You gotta brazen, 0:00:52.159 --> 0:00:59.480 you know, Wow, Wow. The liberal Saturday Night Lived whatever 0:01:00.120 --> 0:01:00.520 are they? 0:01:00.720 --> 0:01:07.000 I would say, God, what percentage of mainstream news coverage 0:01:07.200 --> 0:01:11.280 thinks this is a bad idea. It's somewhere like ninety percent. 0:01:11.959 --> 0:01:13.400 It's heavy, yes. 0:01:13.480 --> 0:01:17.240 Including lots and lots and lots of Conservatives and Republicans. 0:01:18.319 --> 0:01:21.640 Yeah. The hardcore Magacrawt would answer you, well, they're the 0:01:21.800 --> 0:01:24.600 people who have been perpetrating the sucking out of the 0:01:24.640 --> 0:01:27.880 American manufacturing economy, loss of jobs, exporting, blah blah blah. 0:01:27.880 --> 0:01:28.240 That's fine. 0:01:28.280 --> 0:01:30.520 I'm not making the argument of whether it's right or not. 0:01:30.600 --> 0:01:34.640 I'm just saying it's not only lefty journalism that is 0:01:34.959 --> 0:01:37.440 making fun of this. Let's get one more short clip 0:01:37.480 --> 0:01:38.319 on that eight there, Michael. 0:01:38.640 --> 0:01:39.720 Yes, the stock. 0:01:39.520 --> 0:01:43.280 Market has crashed temporarily, but that is all part of 0:01:43.319 --> 0:01:43.720 the plan. 0:01:44.840 --> 0:01:48.880 It's simple economics. Okay. If the stock market goes down. 0:01:48.680 --> 0:01:51.280 And down and down and down and down, that means 0:01:51.320 --> 0:01:54.000 there's nowhere to go but up or perhaps further down. 0:01:55.680 --> 0:01:58.480 So yeah, I think that's what we're all looking at today, right, 0:01:58.520 --> 0:02:00.520 there's no place to go but up or ups further 0:02:00.560 --> 0:02:01.400 down for a while. 0:02:01.560 --> 0:02:04.760 And we'll see what happens next hour. And I am 0:02:04.800 --> 0:02:07.320 looking forward to this a great deal. Compare and contrast 0:02:07.600 --> 0:02:11.760 a couple of terrific historians who most of us know 0:02:11.919 --> 0:02:17.040 and love, Neil Ferguson and Victor Davis Hansen, with differing 0:02:17.080 --> 0:02:20.560 opinions about the tariff thing. Really interesting. We'll give you 0:02:20.600 --> 0:02:22.800 as many facts and as much perspective as we can 0:02:23.160 --> 0:02:25.560 and help you decide what you think about it, as 0:02:25.560 --> 0:02:29.400 opposed to simply preaching to the choir, which is not 0:02:29.480 --> 0:02:31.959 what we do. If you're a new listener, welcome. First 0:02:31.960 --> 0:02:34.120 of all, glad you're listening. Give it a little bit. 0:02:34.160 --> 0:02:36.880 It's a little different than what you know you generally 0:02:36.919 --> 0:02:39.840 encounter on the dial. So well, Joe understaying Getty Show. 0:02:39.840 --> 0:02:42.080 I mean, Joe and I have worked for big companies 0:02:42.160 --> 0:02:46.200 that make short term plays because of the stock market that. 0:02:46.240 --> 0:02:47.399 Are bad long term. 0:02:47.440 --> 0:02:50.840 And every employee knows, everybody like in the office knows 0:02:50.880 --> 0:02:53.320 this is a bad idea long term, but it's good 0:02:53.320 --> 0:02:55.320 for the stock short term. A lot of the Wall 0:02:55.360 --> 0:02:58.240 Street stuff you see and commentators, they are people that 0:02:58.320 --> 0:03:01.160 live quarter to quarter and not making a quarter to 0:03:01.240 --> 0:03:04.880 quarter move right rightly or wrongly? 0:03:05.280 --> 0:03:11.239 Right, So here we go. Yeah, in principle, the idea 0:03:11.360 --> 0:03:13.640 of thinking about the long term health of the American 0:03:13.639 --> 0:03:16.360 people as opposed to just winning the next election is 0:03:16.480 --> 0:03:22.440 incredibly gratifying. Doesn't make everything right? Well, that's the deal. Yes, 0:03:24.240 --> 0:03:28.359 I mean, if President AOC were to make a long 0:03:28.520 --> 0:03:31.680 term decision to alter the trajectory of the United States, 0:03:31.880 --> 0:03:34.519 even if we lose the midterms, that again would be 0:03:34.720 --> 0:03:37.920 admirable in a way, but I'm certain I would be horrified. 0:03:38.120 --> 0:03:40.960 So here's an interesting question for you. What are the 0:03:41.080 --> 0:03:44.160 courts going to say about the tariff thing? And when 0:03:44.320 --> 0:03:48.880 might they say it? Probably not too long from now, 0:03:49.000 --> 0:03:50.920 is the answer to the second question. There are already 0:03:50.920 --> 0:03:56.920 some lawsuits being being filed, although interestingly enough, there are 0:03:57.000 --> 0:04:02.720 some big corporations that are extremely comfortable with this. They 0:04:02.760 --> 0:04:06.080 are have stripped naked to the waist, have knives in 0:04:06.120 --> 0:04:09.280 their teeth, and painted their faces, and are now running 0:04:09.320 --> 0:04:12.800 the halls like maniacs in their corporate headquarters. But they 0:04:12.840 --> 0:04:16.000 don't want to be the lead name in a lawsuit 0:04:16.040 --> 0:04:19.440 against the Trump administration, so they're lying in law, which 0:04:19.480 --> 0:04:23.160 is an interesting dynamic. But I'm relying here on a 0:04:23.440 --> 0:04:29.239 professor of political science, a reasonable guy, Paul Sratchik, legal analyst. 0:04:29.320 --> 0:04:33.360 Trump's tariffs are a major legal question. The Supreme Court 0:04:33.560 --> 0:04:37.040 has set clear boundaries on unilateral executive action of this magnitude, 0:04:37.120 --> 0:04:39.360 he believes, and he thinks the Court is going to 0:04:39.400 --> 0:04:42.080 strike a lot of this down. But here are the questions. 0:04:42.120 --> 0:04:46.839 Never mind the conclusion President Trump relied on the International 0:04:46.920 --> 0:04:51.840 Emergency Economic Powers Act to impose the tariffs. It's an 0:04:51.839 --> 0:04:55.200 expansion of his executive authority. I believe he writes oversteps 0:04:55.200 --> 0:04:58.760 the boundaries set by the Supreme Court's major questions doctrine 0:04:59.520 --> 0:05:02.799 prominent in recent judicial rulings, the doctrine holds that federal 0:05:02.800 --> 0:05:06.760 agencies and the executive branch cannot make decisions of vast 0:05:06.800 --> 0:05:12.560 economic and political significance without clear congressional authorization. Now, the 0:05:12.839 --> 0:05:17.960 IEEPA AJEPA was enacted in nineteen seventy seven was intended 0:05:18.000 --> 0:05:20.919 to rein in what Congress considered overuse of the Trading 0:05:20.960 --> 0:05:24.760 with the Enemies Act, And since twenty twenty two, the 0:05:24.760 --> 0:05:28.720 Supreme Court has been clear, the fabulous, wonderful Donald Trump 0:05:29.320 --> 0:05:32.800 appointed majority, they've been clear. When an agency or the 0:05:32.920 --> 0:05:37.160 executive claims the authority to resolve a major question, that's 0:05:37.200 --> 0:05:40.360 en quote quotes a policy issue with quote vast economic 0:05:40.440 --> 0:05:45.000 and political significance quote, it must point to clear congressional intent. 0:05:45.600 --> 0:05:49.960 Tariffs which reshade global trade, potentially cost American consumers billions trillions, 0:05:50.000 --> 0:05:53.560 and disrupt entire industries certainly qualify as major questions. Yeah. 0:05:53.560 --> 0:05:56.839 I hate the idea of just if something's major, because man, 0:05:56.880 --> 0:06:01.599 that's open to I the boulder. But regardless of that, 0:06:02.279 --> 0:06:05.840 this certainly qualifies as major. No, but nobody's wondering if 0:06:05.880 --> 0:06:08.159 this is a close. 0:06:07.880 --> 0:06:11.479 Call, right, right, And the argument you're going to hear 0:06:11.600 --> 0:06:14.360 is that Trump claimed a unilateral power to tax and 0:06:14.400 --> 0:06:19.320 regulate commerce powers Constitution vests in Congress, although Congress doesn't 0:06:19.320 --> 0:06:22.880 do a damn thing these days, but it is vested 0:06:22.920 --> 0:06:25.960 to Congress and Article one, Section eight, and the Supreme 0:06:25.960 --> 0:06:31.200 Court of signal skepticism towards such executive improvisation. In West Virginia, VEPA, 0:06:31.360 --> 0:06:35.520 the Court struck down the Obama EPA's Claim Power Plan, 0:06:35.839 --> 0:06:38.640 ruling that the agency could not overhaul the energy sector 0:06:38.800 --> 0:06:44.000 without explicit congressional approval. The court and this precedent has 0:06:44.080 --> 0:06:47.800 been used over and over again to rein in out 0:06:47.800 --> 0:06:53.120 of control lefty presidents, especially in recent years. And I'll 0:06:53.120 --> 0:06:54.960 tell you what one thing about this show that you're 0:06:55.000 --> 0:06:57.640 either going to love or hate is we are consistent. 0:06:58.720 --> 0:07:02.200 If we call executive overreach executive overreach when there's a 0:07:02.279 --> 0:07:04.159 d in the White House, we're gonna call it on 0:07:04.240 --> 0:07:08.200 ours too, because by God, somehow or other, there will 0:07:08.200 --> 0:07:10.120 be a Democrat in the White House again and we 0:07:10.240 --> 0:07:11.680 don't want him over reaching. 0:07:14.800 --> 0:07:18.640 We'll see Elon Broke with the tariff thing over the 0:07:18.640 --> 0:07:21.480 weekend saying he's not not into it. 0:07:22.000 --> 0:07:25.680 He likes more of a free trade guy. 0:07:25.880 --> 0:07:28.920 And Ted Cruz, as I mentioned a little bit earlier, 0:07:28.960 --> 0:07:32.840 who's been pretty solid supporter of Trump, said there's gonna 0:07:32.840 --> 0:07:35.920 be a bloodbath for his party in the midterm elections 0:07:36.320 --> 0:07:40.440 if Donald Trump's tariff sent the US economy into recession, which. 0:07:42.160 --> 0:07:43.720 It's about a fifty to fifty chance. 0:07:43.520 --> 0:07:48.040 According to most of your geniuses right now, with the 0:07:48.120 --> 0:07:50.840 caveat that Trump could back off all of this at 0:07:50.840 --> 0:07:51.360 any moment. 0:07:52.720 --> 0:07:56.560 Yeah. Yeah, there are a number of forces at work. 0:07:56.880 --> 0:07:59.720 There are seven Republican Senators who are signed onto a 0:07:59.800 --> 0:08:02.559 law saying this is executive overach and it has to stop. 0:08:02.880 --> 0:08:04.960 It won't become law because it won't pass the House, 0:08:05.000 --> 0:08:06.920 and even if it did, Trump would veto it with 0:08:06.960 --> 0:08:10.200 a hearty laugh. But you have that going on, and 0:08:10.200 --> 0:08:16.240 then the court stuff. The court, I promise you hates 0:08:16.280 --> 0:08:20.480 the idea of stepping in and squashing this right now, 0:08:21.000 --> 0:08:30.480 because part of the Roberts Court's identity is, Look, we're 0:08:30.520 --> 0:08:33.720 a court, we're serious, we're sober, we're not politicians, even 0:08:33.720 --> 0:08:36.400 though Barack Obama tried to turn us into them and 0:08:36.520 --> 0:08:40.000 Biden like berated us from the lectern which was terrible. 0:08:42.400 --> 0:08:44.440 We're only going to step in on huge stuff like 0:08:44.440 --> 0:08:46.160 this if we have to but they may have to. 0:08:46.320 --> 0:08:48.839 We'll see. Dang it. 0:08:49.200 --> 0:08:53.080 Oil's way down too, which the Trump people are pointing 0:08:53.080 --> 0:08:55.120 to is a good thing that came out of this 0:08:55.160 --> 0:08:56.040 somehow or whatever. 0:08:57.720 --> 0:09:00.440 I heard one super pro Trump host saying, well, the 0:09:00.679 --> 0:09:02.800 rest of the world stock markets are down way more 0:09:02.840 --> 0:09:05.680 than ours, so that proves that this is a good idea. 0:09:05.760 --> 0:09:07.599 And I'm like, wait, what. 0:09:07.679 --> 0:09:11.160 Trump tweeted out today? Oil prices are down, interest rates 0:09:11.280 --> 0:09:13.360 or down, food prices are down, there's no inflation. 0:09:14.400 --> 0:09:15.280 This is all good. 0:09:15.679 --> 0:09:20.760 David Boonson, who's one of your think tank conservative economists, said, 0:09:21.040 --> 0:09:22.960 I can show you many charts of oil prices and 0:09:23.040 --> 0:09:27.040 interest rates from every recession we've ever had that will 0:09:27.080 --> 0:09:27.800 show that this. 0:09:27.880 --> 0:09:30.840 They often go hand in hand. So there you go. Yeah, 0:09:30.920 --> 0:09:36.520 some of the messaging seems a little suspect to me. Anyway, 0:09:36.559 --> 0:09:38.080 more to come after a word from our friends at 0:09:38.080 --> 0:09:40.920 simply Save Home Security. I'll tell you what, speaking of policies, 0:09:41.000 --> 0:09:44.959 we don't like decriminalizing crime. Scumbags and junkies and burglars 0:09:44.960 --> 0:09:47.280 on the streets, and you know, it's a shame you 0:09:47.360 --> 0:09:49.960 have to have a security system. But simply safe is 0:09:50.000 --> 0:09:51.280 the one to choose. 0:09:52.679 --> 0:09:56.600 Yeah, with the active guard outdoor protection can prevent break 0:09:56.600 --> 0:09:59.880 ins before they happen. I mean AI powered cameras. Why 0:10:00.280 --> 0:10:03.040 monitoring agents all working together to try to catch people 0:10:03.040 --> 0:10:05.480 before they get into your house. You'd think that'd be 0:10:05.520 --> 0:10:08.760 super expensive because it's so good, But nope, about a 0:10:08.840 --> 0:10:11.800 dollar a day. No long term contracts or cancelation fees either. 0:10:12.440 --> 0:10:14.880 Why if, like my sweet bride and I, you had 0:10:14.880 --> 0:10:17.800 an old timey security system with a subscription and all, 0:10:17.840 --> 0:10:20.920 and we're getting paid multiples of this for worse technology. 0:10:21.160 --> 0:10:22.400 You're thinking, is this for real? 0:10:22.480 --> 0:10:22.680 Yes? 0:10:22.720 --> 0:10:25.680 It is, It absolutely is. Visit simply safe dot com 0:10:25.679 --> 0:10:28.480 slash armstrong. Claim fifty percent off a new system with 0:10:28.520 --> 0:10:32.560 a professional monitoring plan, cats first month free. That's simplysafe 0:10:32.559 --> 0:10:36.200 dot com slash armstrong, and again, monitoring plans start affordably 0:10:36.200 --> 0:10:38.719 at around a buck a day. Simply safe dot com 0:10:38.720 --> 0:10:43.559 slash armstrong. There's no safe like simply safe. It's interesting. 0:10:43.600 --> 0:10:46.760 So a number of people were predicting a black Monday, 0:10:46.960 --> 0:10:51.960 like a historic drop in the stock market today, which 0:10:52.000 --> 0:10:55.080 it's down, but it's not like make the history books down. 0:10:56.080 --> 0:11:01.720 Charles CW. Cook of the National Review. His take of 0:11:01.760 --> 0:11:05.200 that is this suggests to me that the markets think 0:11:05.240 --> 0:11:08.600 Trump is going to back off the fact that it's 0:11:08.679 --> 0:11:12.960 not the just complete. I hate to use the term bloodbath. 0:11:13.040 --> 0:11:17.800 It's amazing that bloodbath became an acceptable term for financial downtterms. 0:11:18.240 --> 0:11:22.520 I mean, because a bloodbath is pretty disgusting. It is gruesome, Yes, yes, gruesome, 0:11:22.960 --> 0:11:27.600 but you know, a big historic drop so the market. 0:11:28.280 --> 0:11:30.120 So the Wall Street crowd thinks hee, he's not gonna 0:11:30.120 --> 0:11:31.960 stick with this like long term. 0:11:32.080 --> 0:11:34.480 Okay. Yeah, as I was saying earlier, I wish I 0:11:34.520 --> 0:11:36.920 had a little more cash on hand, I'd be investing, 0:11:37.080 --> 0:11:40.520 because there's still no better place on earth to have 0:11:40.559 --> 0:11:43.920 your money than the United States unless this keeps going, 0:11:44.120 --> 0:11:46.679 and then you're gonna have to get hip to investing 0:11:46.720 --> 0:11:51.319 in foreign markets again if the trade structure changes. 0:11:51.640 --> 0:11:53.839 You know I'm wearing I didn't notice until I put 0:11:53.840 --> 0:11:56.640 it on today. I'm wearing a sock, one sock with 0:11:56.679 --> 0:11:58.599 a big hole in the heel, And I thought, you 0:11:58.679 --> 0:12:00.880 know what, I'm just gonna go ahead, where as low 0:12:00.880 --> 0:12:03.600 rent as it is, prepare myself for the financial downturn 0:12:03.600 --> 0:12:05.840 if it sticks around, because this might be my new lifestyle, 0:12:06.160 --> 0:12:09.760 wearing socks with holes in them. And my question is, 0:12:09.760 --> 0:12:13.120 when you took the sock off the last time and 0:12:13.360 --> 0:12:15.280 elected to keep it and launder it. 0:12:15.320 --> 0:12:17.400 We must not have noticed the hole. 0:12:17.520 --> 0:12:19.480 Surely I didn't keep around a sock with a hole 0:12:19.480 --> 0:12:21.560 in the hill, because I mean, that's just at this 0:12:21.640 --> 0:12:22.400 point in my life. 0:12:22.400 --> 0:12:25.040 What have I worked every day for to wear holy socks? 0:12:25.920 --> 0:12:28.560 I know? Is it like a Saint Francis of a 0:12:28.600 --> 0:12:30.520 CC thing if you put a rock in your shoe 0:12:30.600 --> 0:12:32.640 or remind you of the suffering of others. I'd be 0:12:32.640 --> 0:12:34.559 horrified if I sent my kids off to school with 0:12:34.600 --> 0:12:37.400 holes in their socks. Here I am at work. 0:12:38.400 --> 0:12:44.760 Yeah, has AI ruined sports betting? Like maybe it's over? 0:12:45.000 --> 0:12:47.240 I don't know. Stay tuned for that, among other things. 0:12:47.240 --> 0:12:50.040 Stay with it. 0:12:51.120 --> 0:12:54.040 The Men's Final four in San Antonio, after the Houston 0:12:54.120 --> 0:12:57.600 Cougars completed a stunning comeback against Dude, they'll be in 0:12:57.640 --> 0:12:59.520 a fierce fight with the Florida Gators. 0:13:01.679 --> 0:13:05.520 So there you go. You got that your and versus 0:13:05.840 --> 0:13:09.880 Gator caa final. Do it what you gotta like the 0:13:09.920 --> 0:13:12.520 Gators in that battle because they've got like scales and 0:13:12.559 --> 0:13:14.440 the cougar could jump on him and bite him as 0:13:14.480 --> 0:13:16.079 much as he wanted. But unless you flip it and 0:13:16.200 --> 0:13:18.800 can get at the soft underbelly. So if they gotta 0:13:18.880 --> 0:13:21.160 like a gator, especially drags that cougar in the water, 0:13:21.200 --> 0:13:21.600 it's over. 0:13:21.679 --> 0:13:23.880 If the actual animals fought as opposed to the college 0:13:23.880 --> 0:13:24.520 basketball team. 0:13:24.840 --> 0:13:28.720 That's how I make sports predictions. Gotcha coming up? If 0:13:28.760 --> 0:13:31.640 your favorite brothel asked you to fill out a ten 0:13:31.679 --> 0:13:34.880 page application with all of your personal information, would you 0:13:35.000 --> 0:13:38.319 do it? That's right, we're talking about a house of hoary. 0:13:39.520 --> 0:13:41.880 That very thing happened in Boston. Crazy story, we'll tell 0:13:41.880 --> 0:13:45.720 you about it. So a couple of AI stories for you. 0:13:46.000 --> 0:13:50.880 First one that centers around the NCAA Championship game tonight. 0:13:51.080 --> 0:13:56.000 March Madness bet AI versus pro gamblers one million dollar 0:13:56.080 --> 0:13:59.960 March Madness bet. So a professional gambler took on AI, 0:14:01.280 --> 0:14:04.800 and this article was from Saturday. I don't know where 0:14:04.800 --> 0:14:07.560 they are after the two games that happened on Saturday, 0:14:07.559 --> 0:14:10.040 but the one million dollar March Madness wager between a 0:14:10.040 --> 0:14:14.560 pro gambler and an artificial intelligence site came down to 0:14:16.040 --> 0:14:22.560 the AI platform four C predictions. The guy had missed 0:14:22.640 --> 0:14:27.040 thirteen games out of the first sixty, AI only missed ten. 0:14:28.800 --> 0:14:31.560 The point of this article and the discussion was and 0:14:31.600 --> 0:14:36.160 that became a thing online over the weekend. Is if 0:14:36.360 --> 0:14:40.080 AI is as good as or better than your top 0:14:40.280 --> 0:14:45.160 five percent of sports gamblers, which it seems it is, well, 0:14:45.200 --> 0:14:48.240 then where where does that leave sports gambling at all? 0:14:50.200 --> 0:14:52.280 And will it continue to exist in the form that 0:14:52.320 --> 0:14:52.720 it has? 0:14:54.480 --> 0:14:57.600 Wow. One of the big betting houses said that they 0:14:57.600 --> 0:14:59.640 have been concerned about this and knew it might be coming, 0:14:59.640 --> 0:15:02.280 that didn't would be here yet, and they feel that 0:15:02.360 --> 0:15:05.480 perhaps the decision is here earlier than they had expected. 0:15:05.680 --> 0:15:07.800 It's gone beyond even what we had expected at the 0:15:07.840 --> 0:15:09.480 start of AI. 0:15:12.040 --> 0:15:16.680 Well, the house always wins on average, That's why casinos 0:15:16.720 --> 0:15:21.040 exist and supports betting sites exist too. Individuals will win 0:15:21.320 --> 0:15:24.400 against the house semi regularly. That's why you keep going 0:15:24.480 --> 0:15:32.920 back If AI, well, the question is will AI win enough? Well? 0:15:33.280 --> 0:15:35.720 Sad profit turns into a loss because if it's a 0:15:35.760 --> 0:15:38.480 thinner margin, they'll just restructure what they do a little bit. 0:15:38.680 --> 0:15:40.880 Well, I would think that, and I don't know a 0:15:40.920 --> 0:15:43.120 lot about this, but I would think that your big 0:15:43.160 --> 0:15:46.160 betting houses, they get a lot of people betting that 0:15:46.240 --> 0:15:49.000 you know, most of them aren't professionals, and most of 0:15:49.080 --> 0:15:49.840 them aren't that good. 0:15:49.920 --> 0:15:50.880 They lose a lot. 0:15:51.120 --> 0:15:54.360 So if AI's better than the top five percent and 0:15:54.480 --> 0:15:57.440 every other dufus now can just use AI. Then all 0:15:57.480 --> 0:16:00.240 of the betters are like the top five percent. That's 0:16:00.240 --> 0:16:03.200 got to be a different profit margin. Oh yeah, for 0:16:03.240 --> 0:16:06.600 the bedding houses than what they've had in the past. Yeah, 0:16:06.640 --> 0:16:10.120 I know, their profit margins are very, very large. Yeah, 0:16:10.160 --> 0:16:11.200 that's that's a great question. 0:16:11.320 --> 0:16:14.240 I could easily believe that it would cut the profit 0:16:14.480 --> 0:16:16.400 down to this is not worth it. It's going to 0:16:16.440 --> 0:16:17.600 be even turned it into a loss. 0:16:17.640 --> 0:16:19.760 Yeah, it's going to be a complete restructure of what 0:16:19.800 --> 0:16:21.760 they've had in the past because they are counting on 0:16:21.920 --> 0:16:24.760 dufuses like me that get all excited for their you know, 0:16:24.800 --> 0:16:27.760 their home team when they make a run and that 0:16:27.880 --> 0:16:30.640 sort of thing. Not the professional gamblers. They might even 0:16:30.880 --> 0:16:33.640 expect to lose on the professional gamblers. But if everybody 0:16:33.880 --> 0:16:38.040 is professional gambler level, that's something AnyWho. One of the 0:16:38.080 --> 0:16:42.040 many repercussions of AI. Here's a guy who used an 0:16:42.080 --> 0:16:45.440 AI avatar in a legal appeal. The judge didn't dig it. 0:16:45.520 --> 0:16:47.760 Let's listen to this audio and then I'll fill in 0:16:47.800 --> 0:16:50.480 any of the blanks. 0:16:51.080 --> 0:16:51.520 Twelve. 0:16:51.640 --> 0:16:55.080 Michael, the appellant has submitted a video. 0:16:55.360 --> 0:16:58.080 We will hear that video. Now, may it please the court? 0:16:58.200 --> 0:17:00.560 I come here today a humble proceeds were a panel 0:17:00.600 --> 0:17:02.280 of five distinguished justices? 0:17:02.600 --> 0:17:05.560 Is this hold on? Is that counsel for the case. 0:17:05.520 --> 0:17:08.560 I generated that that is not a real person. 0:17:08.720 --> 0:17:10.720 You did not tell me that, sir, And you have 0:17:10.800 --> 0:17:14.400 appeared before this court and been able to testify verbally. 0:17:14.680 --> 0:17:17.880 You are not going to use this courtroom as a 0:17:18.040 --> 0:17:19.480 launch for your business. 0:17:19.640 --> 0:17:20.480 So if you are. 0:17:20.480 --> 0:17:24.040 Able to shut that off, hold you have five minutes. 0:17:24.800 --> 0:17:27.600 Wow, that judge was not happy with that. So the 0:17:27.640 --> 0:17:32.840 guy tried to use an AI lawyer. Yeah, she clearly 0:17:32.880 --> 0:17:35.160 thinks there. I say, I'm reading this New York Times article, 0:17:35.160 --> 0:17:37.200 but I didn't read the whole thing. She clearly thinks 0:17:37.240 --> 0:17:42.040 it's some attempt to like advertise his AI lawyer business. 0:17:42.080 --> 0:17:44.879 But at least in the first couple of pages of 0:17:44.880 --> 0:17:46.520 this article that I read, it is just a guy 0:17:46.560 --> 0:17:49.879 who didn't have any representation and felt like he was 0:17:49.880 --> 0:17:52.720 in a bad position and so used AI, which you've 0:17:52.720 --> 0:17:55.520 heard about, you know, around the country, various people using 0:17:55.560 --> 0:17:56.640 AI lawyers. 0:17:57.160 --> 0:18:00.080 Huh, where is that going to go? 0:18:00.080 --> 0:18:00.159 Oh? 0:18:00.520 --> 0:18:03.240 You just got to hire a flesh and blood human 0:18:03.280 --> 0:18:06.040 to read what the AI told him to say, right, yes, fine, 0:18:06.119 --> 0:18:09.320 that doesn't make any sense obviously. Hmm. We got a 0:18:09.320 --> 0:18:09.719 lot on the way. 0:18:09.720 --> 0:18:11.040 I hope you can stay here if you missed a second, 0:18:11.040 --> 0:18:15.520 and get the podcast Armstrong and Getty on demand Armstrong. 0:18:15.040 --> 0:18:18.879 And Getty Pain in the Market. 0:18:19.200 --> 0:18:21.800 At some point, you're unwilling to tolerate this idea of 0:18:21.800 --> 0:18:23.560 a Trump put they're a threshold. 0:18:24.280 --> 0:18:26.000 I think your question is so stupid. 0:18:26.040 --> 0:18:28.679 I mean, I think it's a I don't want anything 0:18:28.720 --> 0:18:31.600 to go down, but sometimes you have to take beticon 0:18:31.680 --> 0:18:34.560 to fix something. As questions are stupid. I suppose they 0:18:34.560 --> 0:18:36.560 got to ask him. It's just what the what? 0:18:36.560 --> 0:18:36.840 What? 0:18:38.680 --> 0:18:40.919 So the whole point is to scare a bunch of 0:18:40.920 --> 0:18:44.680 these country Yeah, these countries into thinking, wow, we better, 0:18:44.800 --> 0:18:49.080 we better adjust here because he's serious long term, and 0:18:49.080 --> 0:18:51.440 and he's gonna tell a reporter asked not I'm not 0:18:51.600 --> 0:18:54.400 serious long term. This is just to scare them, and 0:18:54.440 --> 0:18:57.040 so I'm going to back off of them just as 0:18:57.080 --> 0:18:59.639 soon as I mean, what is that? 0:19:00.440 --> 0:19:04.240 Yeah, but what conclusion? Is he looking for a rebalancing 0:19:04.280 --> 0:19:08.639 of tariffs to a truly reciprocal relationship, or is he 0:19:08.760 --> 0:19:13.280 trying to permanently restructure trade around the world by putting 0:19:13.359 --> 0:19:16.359 up high tariffs against imports for the US for good 0:19:16.480 --> 0:19:20.600 good question. That's why nobody knows quite what to think, 0:19:20.640 --> 0:19:22.440 and the explanations out of the White House are a 0:19:22.480 --> 0:19:25.880 little difficult to follow at times. More on that next hour, 0:19:26.359 --> 0:19:31.159 including two great conservative historians taking different views of the 0:19:31.200 --> 0:19:34.840 tariffs and where they might be going. Also, this is 0:19:34.880 --> 0:19:38.800 an unnecessarily snarky headline, but it made me giggle. Great 0:19:38.840 --> 0:19:43.280 news for humanity. Depressed liberals are increasingly suicidal due to 0:19:43.560 --> 0:19:47.679 climate anxiety, according to a new study, and those that 0:19:47.840 --> 0:19:52.960 remain to stick around aren't having children. So might progressives 0:19:53.280 --> 0:20:00.480 be self depopulating? Be fine with me, Yeah. 0:20:00.280 --> 0:20:03.840 The suicide part is troubling, but not having children's that's 0:20:03.920 --> 0:20:05.119 that's absolutely happening. 0:20:05.600 --> 0:20:08.119 Although I've got to admit it, and I believe it 0:20:08.200 --> 0:20:11.320 or not a fairly compassionate fellow. But if you're committing 0:20:11.359 --> 0:20:18.680 suicide over climate anxiety, you have profound mental problems. Anyway, 0:20:18.680 --> 0:20:21.600 More on that to come. Here's a question for you. 0:20:22.280 --> 0:20:25.960 We've all, you know, applied for colleges or jobs or 0:20:26.080 --> 0:20:29.280 loans or whatever, and you sit down, you fill out 0:20:29.320 --> 0:20:36.080 a long detailed application with your financial information, your employment information, 0:20:36.160 --> 0:20:39.159 your past addresses that sort of thing. Would you do 0:20:39.320 --> 0:20:46.639 that for a horror house? No, not just no, but 0:20:46.840 --> 0:20:51.880 hell no. Story out of the Boston area, there's this 0:20:52.040 --> 0:20:56.879 high end brothel operating out of a luxury apartment complex, 0:20:57.800 --> 0:21:02.600 charged up to six hundred dollars an hour for sexual encounters, 0:21:03.119 --> 0:21:11.080 an elite club near Harvard University. And you had biotech execs, doctors, lawyers, politicians, 0:21:11.680 --> 0:21:17.959 filled out applications and handed over IDs, work badges, personal references. 0:21:19.640 --> 0:21:24.159 This cant what kind of a reference. Joe was a 0:21:24.200 --> 0:21:26.960 fine and upstanding young man. He coached my son in baseball. 0:21:31.200 --> 0:21:33.360 I know, I don't think that was part of the reference, 0:21:33.560 --> 0:21:41.000 although you make an excellent point. So this this Cambridge 0:21:41.000 --> 0:21:45.159 brothel they're calling it. The gal who ran it was 0:21:45.200 --> 0:21:49.159 a former sex worker in Vietnam, an immigrant to the 0:21:49.200 --> 0:21:53.720 country forty two years old. They wanted to attract rich 0:21:53.840 --> 0:22:03.560 and powerful men and with very good security, high standards, 0:22:03.600 --> 0:22:07.159 no danger to anybody involved in the process, so to 0:22:07.280 --> 0:22:11.760 being arrested, I issome well, well, right, yeah, until it happened, 0:22:14.000 --> 0:22:16.720 so that there were no you know, junkies or scumbags 0:22:16.800 --> 0:22:20.439 or violent people or whatever. And so the young women 0:22:20.680 --> 0:22:22.920 involved and it's all women as far as I can tell, 0:22:24.800 --> 0:22:28.320 had much less risk on their end, and the guys 0:22:28.760 --> 0:22:31.640 had the Johns had much less risk on their end. 0:22:31.960 --> 0:22:36.359 And as an amateur economist, the dismal science, indeed, I'm 0:22:36.480 --> 0:22:40.480 interested that though they mentioned the up to six hundred 0:22:40.520 --> 0:22:44.360 dollars an hour, it was frequently less expensive than that, 0:22:45.040 --> 0:22:47.720 and I think that's because they had figured out a 0:22:47.760 --> 0:22:51.560 way to mitigate risk. I mean, you hear about your 0:22:51.640 --> 0:22:55.320 your Las Vegas call girls or whatever or whatever. It's 0:22:55.320 --> 0:22:59.560 more than three hundred and fifty bucks an hour, way more. 0:23:00.080 --> 0:23:04.080 And all the normal caveats on all different sides in that, 0:23:04.400 --> 0:23:08.119 I don't think this is a good lifestyle from the 0:23:08.280 --> 0:23:12.639