WEBVTT - Eagles & Nonsense 0:00:02.920 --> 0:00:07.200 Broadcasting live from the Abraham Lincoln Radio Studio, the George 0:00:07.280 --> 0:00:12.399 Washington Broadcast Center, Jack Armstrong Show, Kaddy Armstrong and Jody 0:00:12.720 --> 0:00:27.400 and No Pee arm Drawn yet live from Studio C 0:00:27.600 --> 0:00:32.240 Signor eight within the bowels of the Armstrong a Giddy 0:00:32.280 --> 0:00:37.120 Information Complex, this Wednesday, twelfth of August, the Year of 0:00:37.120 --> 0:00:41.879 Our Lord, twenty twenty six. This morning, the show will 0:00:41.920 --> 0:00:44.559 be presented under the title well, at least people are 0:00:44.600 --> 0:00:51.479 finally paying attention to the WNBAH. If you prefer, I 0:00:51.600 --> 0:00:59.360 was wrong about the Eagle. Dammit Hanson, I need you 0:00:59.400 --> 0:01:01.960 to figure out exactly when I talked about Jackie the 0:01:02.040 --> 0:01:10.520 Eagle and mocked it yesterday, because for those of you 0:01:10.560 --> 0:01:14.240 who listened to the show live on the radio somewhere 0:01:14.240 --> 0:01:18.600 in America, I think we're just on America online overseas. 0:01:18.680 --> 0:01:21.320 For those of you who listen live, I want to 0:01:21.480 --> 0:01:24.120 address the topic at the same time of day, so 0:01:24.200 --> 0:01:29.280 I'm most likely to convey my maya kulpa to the 0:01:29.360 --> 0:01:34.080 people who heard it yesterday. Okay, the very short version, 0:01:35.160 --> 0:01:41.360 and Katie, I know you get this. I realized, and 0:01:41.560 --> 0:01:44.680 we got a couple of emails about this, very nice, 0:01:45.000 --> 0:01:50.920 very nice. I realized there is a raptor cam that's 0:01:51.080 --> 0:01:55.080 not far from my house that has focused on a 0:01:55.120 --> 0:01:58.040 couple of different sorts of birds nests, but including some 0:01:58.120 --> 0:02:04.120 bald eagles. And and I was really rooting for them 0:02:04.320 --> 0:02:10.079 to hatch and the babies to be okay, and and 0:02:10.080 --> 0:02:13.600 and so, and I know nature is cruel, and maybe 0:02:13.600 --> 0:02:19.320 they will, maybe they won't. But I get people who 0:02:19.360 --> 0:02:22.240 are like invested in hoping the eagles would be okay 0:02:22.600 --> 0:02:25.960 and didn't want to see Jackie the eagle. Eagles don't 0:02:25.960 --> 0:02:30.640 have names. That part I'm still right about. Okay, Jackie here, 0:02:30.960 --> 0:02:40.280 where's Jackie? Oh my god, mister president again again? Yet No, No, 0:02:40.480 --> 0:02:47.680 Biden's right, I'm sorry, Michael's right. So anyway, what I 0:02:47.720 --> 0:02:51.520 was objecting to, and I realize now I have a 0:02:51.560 --> 0:02:54.840 bit of a problem. And and Jack does this too, 0:02:54.919 --> 0:02:58.640 and I yell at him for it. I hate David 0:02:58.800 --> 0:03:04.920 Muir so much. The bent knows jackass, who's the anchor 0:03:05.080 --> 0:03:10.640 of ABC Evening News. Nobody watches the Evening News. His 0:03:11.320 --> 0:03:18.959 cloying therapy simpleton fixation on the story prejudiced me against 0:03:19.040 --> 0:03:23.320 the story. Yeah, and it got my back up. And 0:03:23.840 --> 0:03:27.919 I apologize to eagle lovers everywhere. Your affection for rooting 0:03:27.919 --> 0:03:30.960 for the Eagles is perfectly natural. Not the Philadelphia Eagles. 0:03:30.960 --> 0:03:33.680 I still hate them and will till I die. But 0:03:33.720 --> 0:03:38.000 the bald Eagles, it's it's perfectly understandable. And I'm sorry 0:03:38.560 --> 0:03:42.960 the nice eagle lady is dead. But nature is nice 0:03:43.040 --> 0:03:48.480 eagle lady. But nature is cruel. Nature is really cruel. 0:03:50.000 --> 0:03:52.160 But I'm rooting for the Eagles, of course I am. 0:03:52.520 --> 0:03:55.640 I'm not a monster. Just hate David mu Or. He's 0:03:55.640 --> 0:03:58.800 a monster, all right. So that's out of the way, 0:03:58.840 --> 0:04:04.040 although I will reads yep in a few words. That's 0:04:04.040 --> 0:04:07.240 what I'm trying to say. Thank you, mister former Attorney General. 0:04:07.400 --> 0:04:13.640 Who is that Michael again? John Ashcroft? John Ashcroft? That's right, wow, man. 0:04:13.800 --> 0:04:16.400 Time flies, So that that takes care of that at 0:04:16.480 --> 0:04:19.600 least for now. Loo. Somebody figure out when I slandered 0:04:20.000 --> 0:04:22.520 eagle lovers yesterday, and we'll take care of that. As 0:04:22.560 --> 0:04:26.200 I said, I want to start the show officially according 0:04:26.200 --> 0:04:30.000 to FCC rules and regulations for which we are bleeping sticklers. 0:04:31.360 --> 0:04:33.799 We are armstrong and giddy, and we approve this message. 0:04:33.839 --> 0:04:35.000 The show starts at mark. 0:04:35.160 --> 0:04:40.440 My understanding is that is that Francesca Hang has made 0:04:40.520 --> 0:04:42.960 clear her present stances. 0:04:42.440 --> 0:04:44.800 To her lectures moved away from right. 0:04:44.880 --> 0:04:47.960 She's moved away from it. And I have a local 0:04:48.000 --> 0:04:55.320 city councilman that has this saying woke one was crazy one. 0:04:58.279 --> 0:05:00.359 Okay, we'll get out of the way. That fact that 0:05:01.279 --> 0:05:05.600 Francesca Hong lost in Wisconsin by the narrowest of losses, 0:05:05.600 --> 0:05:09.880 as narrow as a piece of Soviet toilet paper, which 0:05:09.880 --> 0:05:12.200 she would usher back in if she got her way. 0:05:12.240 --> 0:05:19.840 But I wanted to address AOC laughing about woke one 0:05:20.000 --> 0:05:23.520 was crazy. And she went on to say, and I 0:05:23.520 --> 0:05:25.880 think what's important is that we have to assess what 0:05:25.920 --> 0:05:31.240 a candidate is saying. Now, wait a minute, I'm with 0:05:31.279 --> 0:05:36.640 you on woke one was crazy. And I'm gonna quote 0:05:36.720 --> 0:05:38.640 Charles C. W. Cook a little bit. He's one of 0:05:38.640 --> 0:05:42.279 my favorite writers on this topic, and we've back and 0:05:42.320 --> 0:05:47.359 forth between me and him. But she's implying that woke 0:05:47.400 --> 0:05:53.120 one was something that happened to us and to to her, 0:05:54.080 --> 0:05:58.120 like an earthquake or a heavy rain or something, rather 0:05:58.200 --> 0:06:04.159 than something that was contrived and enforced by her. She 0:06:04.360 --> 0:06:10.560 was one of the leaders of it and her ideological buddies. Yes, 0:06:10.640 --> 0:06:16.360 it was crazy, but it wasn't crazy. You are crazy 0:06:16.440 --> 0:06:19.240 you and the people who did this to us are crazy. 0:06:19.560 --> 0:06:26.320 You can't laugh that off. And then Charles points out 0:06:26.440 --> 0:06:29.000 there are two explanations as to why a person might 0:06:29.000 --> 0:06:31.800 have fallen for crazy woke. One. Number one that they 0:06:31.800 --> 0:06:34.560 have poor judgment and are thus liable at any moment 0:06:34.600 --> 0:06:38.000 to fall prey to the most destructive ideas available, or 0:06:38.080 --> 0:06:41.960 certainly the most dradical leftist ideas, which are destructive. All right, 0:06:42.279 --> 0:06:47.800 so if mss what's her face, it doesn't matter anymore. 0:06:47.800 --> 0:06:51.960 She's done at least from now. But all of these people, 0:06:53.040 --> 0:06:56.440 if they are so liable to be swept away by 0:06:56.600 --> 0:07:02.120 like the latest ideological fashion like color of lipstick, or 0:07:02.200 --> 0:07:06.960 the hot summer read or who's the hot new pop starlet, 0:07:08.000 --> 0:07:11.440 but ideas that like proposed to do away with the constitution, 0:07:12.840 --> 0:07:16.600 you get swept up in that you don't have the 0:07:16.640 --> 0:07:19.480 judgment to serve in any office at any level. You 0:07:19.520 --> 0:07:22.080 have terrible judgment. You are a woman child or a 0:07:22.120 --> 0:07:25.960 man child, and you have no business governing or you know. 0:07:26.040 --> 0:07:32.000 Choice number two is you're a coward. Is that a 0:07:32.000 --> 0:07:34.760 little judgmental? Eh, yeah, it is a little judgmental. I'm 0:07:34.760 --> 0:07:36.480 gonna go with coward. Though we don't have too much 0:07:36.480 --> 0:07:40.480 shaming in America, we have too little. I recognize that 0:07:40.600 --> 0:07:46.480 certain sorts of people, and it's probably genetics. They make 0:07:46.520 --> 0:07:51.560 their decisions through the lens of acceptability, not truth. They 0:07:51.720 --> 0:07:57.600 have opinions based on whether those opinions are going to 0:07:57.640 --> 0:08:00.880 make them more popular or less popular, gains social acceptance 0:08:01.000 --> 0:08:06.360 or social a stigma. And I think a lot of 0:08:06.440 --> 0:08:08.920 folks who are like that didn't choose to be I 0:08:08.960 --> 0:08:12.800 don't know, And I think maybe you can get more 0:08:12.840 --> 0:08:15.080 towards the same end of things if you try really hard. 0:08:15.360 --> 0:08:18.200 But anyway, having said that, if you are the sort 0:08:18.240 --> 0:08:23.400 of person who picks policies up to and including the 0:08:23.520 --> 0:08:27.600 destruction of the Constitution, loading the courts, ending the Senate, 0:08:28.760 --> 0:08:30.640 and I'm going to get into that some of more 0:08:30.640 --> 0:08:32.720 of the craziness in a second or two. But if 0:08:34.640 --> 0:08:38.000 if you pick your policies that way, you were unqualified 0:08:38.200 --> 0:08:47.320 for public office. Either way, either explanation, you're unqualified and 0:08:49.120 --> 0:08:52.760 unlike AOC and her brethren whom she's defending, tens of 0:08:52.760 --> 0:08:55.920 millions of Americans did not fall for woke one. Hello, 0:08:57.280 --> 0:09:00.080 A lot of us fought back against it, some of 0:09:00.120 --> 0:09:02.960 you at great personal and professional cost. Some of you 0:09:03.000 --> 0:09:05.280 who were in blue professions and blue places. Man, you 0:09:05.400 --> 0:09:09.920 took it in the face, and I salute you. I mean, 0:09:09.960 --> 0:09:13.600 I truly to my soul salute you for your courage. 0:09:13.600 --> 0:09:16.720 A lot of folks couldn't. They had mouths to feed, 0:09:16.760 --> 0:09:21.040 they had careers to manage, and you know, I get it, 0:09:21.760 --> 0:09:25.720 but when we're looking at future leaders, we're not going 0:09:25.800 --> 0:09:29.040 to choose them from those who screamed at the people 0:09:29.040 --> 0:09:31.000 who turned out to be right, like they were in 0:09:31.080 --> 0:09:35.040 some sort of cult. And you know what, the one 0:09:35.080 --> 0:09:40.640 more aspect of this, AOC doesn't even say yeah, sorry, 0:09:41.800 --> 0:09:45.600 They just laugh it away. Okay, here are some questions. 0:09:46.200 --> 0:09:49.880 Which parts of Woke One were crazy? And why specifically, 0:09:49.880 --> 0:09:54.199 give us two or three which people were wrong about it? 0:09:55.400 --> 0:10:03.319 And why who was what positions did they take that 0:10:03.440 --> 0:10:08.960 made them right? And why do you think, unlike you, 0:10:09.240 --> 0:10:13.360 they didn't fall into the Woke One being crazy? All right? 0:10:13.400 --> 0:10:16.760 And finally, what practical steps have you taken to ensure 0:10:16.800 --> 0:10:22.440 that you'll oppose future replays of this garbage? But of 0:10:22.480 --> 0:10:25.360 course you know they're not going to answer those questions. 0:10:26.520 --> 0:10:29.160 And then to get to what Charles Cook said, and 0:10:29.200 --> 0:10:32.480 I think this is really a the important part. I 0:10:32.520 --> 0:10:35.319 doubt that AOC could answer these questions. Heck, I doubt 0:10:35.400 --> 0:10:37.520 she's thought about them for more than a couple of minutes. Rather, 0:10:37.559 --> 0:10:40.280 I suspect that, like many progressives, she believes that she 0:10:40.320 --> 0:10:43.040 and her friends are entitled to the occasional world breaking meltdown, 0:10:43.080 --> 0:10:44.800 and that the proper role of everyone else is to 0:10:44.840 --> 0:10:46.760 go along with it, as they might with the tantrum 0:10:46.800 --> 0:10:49.439 of a small child. Well I will not, he writes, Yeah, 0:10:49.440 --> 0:10:51.920 I mean neither. We held an election during Woke one, 0:10:52.160 --> 0:10:55.800 and the senators who elected at that crazy time are 0:10:55.840 --> 0:11:00.000 still serving in Congress. What happens today matters tomorrow, even when, 0:11:00.080 --> 0:11:02.079 as it appears to be the case here, it eventually 0:11:02.160 --> 0:11:06.160 becomes inconvenient to discuss it. Ha ha ha. The crazy demands 0:11:06.160 --> 0:11:08.680 of Woke one were not for a two percent increase 0:11:08.760 --> 0:11:12.559 in the capital gains rate, but for the wholesale rejection 0:11:12.720 --> 0:11:19.520 of racial equality under the law. Remember that critical race 0:11:19.600 --> 0:11:22.440 theory and systemic racism, and the only way to cure 0:11:22.480 --> 0:11:26.920 racism is with racism ibramex Kenny Robin DiAngelo. These people 0:11:26.960 --> 0:11:30.160 were given millions of dollars to train people, both in 0:11:30.200 --> 0:11:35.160 government and in private companies, that white people must be 0:11:35.360 --> 0:11:40.720 discriminated against, which is so blatantly clearly unconstitutional, I feel 0:11:41.120 --> 0:11:45.719 silly even pointed out than it is. It was the 0:11:45.760 --> 0:11:49.800 wholesale rejection of racial quality under the law. It was 0:11:49.840 --> 0:11:54.520 the government led reorganization the American economy, the abolition of 0:11:54.600 --> 0:11:59.120 the police he leaves out, the emptying of prisons, which 0:11:59.160 --> 0:12:03.640 is already born horrible results, the provision of sex change 0:12:03.720 --> 0:12:09.240 operations for children, and the erasure of the United States border. 0:12:11.640 --> 0:12:14.160 That's what the crazy was. Again. It wasn't a slight 0:12:14.240 --> 0:12:17.760 change in the tax rate. It was that stuff. That's madness. 0:12:19.840 --> 0:12:23.280 And as Charlie Cook points out, great if the people 0:12:23.280 --> 0:12:26.480 who made those demands and push those policies recognize the 0:12:26.520 --> 0:12:28.480 error of their ways. But you got to give us 0:12:28.480 --> 0:12:34.280 more than oops before we're gonna trust you again, good Lord. 0:12:43.480 --> 0:12:47.600 And there are plenty of folks who, for the reasons 0:12:47.600 --> 0:12:51.559 we've just been discussing, they see the world not through 0:12:51.600 --> 0:12:54.920 the lens of truth but lens of acceptability, who will 0:12:55.040 --> 0:12:58.400 go along with the Haha, that was crazy. This is 0:12:58.440 --> 0:13:00.720 our new crazy, and we're going to ruin you if 0:13:00.760 --> 0:13:03.280 you resist this crazy. There are a lot of people 0:13:03.280 --> 0:13:08.120 who vote that way, so uh, stay tuned, participate in 0:13:08.160 --> 0:13:10.439 the process and uh, don't go away. 0:13:10.880 --> 0:13:12.280 Woke one was crazy. 0:13:16.240 --> 0:13:16.720 Armstrong. 0:13:16.840 --> 0:13:24.320 Heyetty, we're running just a little bit late, so let's 0:13:24.440 --> 0:13:26.920 dive right into who's reporting what. It's the lead story 0:13:26.920 --> 0:13:27.720 with Katie Green. 0:13:27.840 --> 0:13:30.200 Katie take it away, all righty, Well, the Alphabet networks 0:13:30.240 --> 0:13:32.200 are covering inflation this morning. 0:13:32.360 --> 0:13:34.400 We'll just say ABC's. 0:13:33.840 --> 0:13:38.080 Inflation eases but stays above pre I w I ran 0:13:38.240 --> 0:13:38.839 war level. 0:13:39.360 --> 0:13:43.439 Mister President, Please stop saying we're bringing prices down because 0:13:43.480 --> 0:13:45.520 people go to the freaking grocery store. 0:13:45.960 --> 0:13:52.040 Yeah. Politico David Crowley defeats Democratic socialist Francesca Hong in 0:13:52.160 --> 0:13:53.840 Wisconsin governor primary. 0:13:54.240 --> 0:13:57.600 Yeah, this guy had fled the race and the the 0:13:57.720 --> 0:13:59.760 current guy dragged him back in and he won by 0:13:59.800 --> 0:14:04.360 an knows so good. Hopes for Republicans to take the 0:14:04.400 --> 0:14:09.000 state House or at least the governor's office. In November New. 0:14:08.920 --> 0:14:13.520 York Times, Trump's tariffs force some Canadian companies to consider 0:14:13.840 --> 0:14:14.600 moving south. 0:14:16.320 --> 0:14:19.440 I hate so many of the tariffs. The ones specifically 0:14:19.440 --> 0:14:21.920 about defense and self alliance I get, But like lumber 0:14:22.040 --> 0:14:26.120 that's jacking up housing prices. We need Canadian lumber, all right, 0:14:26.120 --> 0:14:27.840 We've been buying it forever it's sheep. 0:14:29.240 --> 0:14:34.040 From the Wall Street Journal, flight tracking platform Sue's KLSHI 0:14:34.680 --> 0:14:37.560 over flight cancellation prediction markets. 0:14:38.600 --> 0:14:41.720 Oh, I've got an even better prediction market story. It's 0:14:41.760 --> 0:14:45.640 part of a segment I'm gonna call dollars and nonsense. 0:14:46.640 --> 0:14:49.280 You see what I did there, Katie? You I like it? Yeah? 0:14:49.640 --> 0:14:50.160 Oooh yeah. 0:14:51.240 --> 0:14:55.440 From NPR are hacks of the US water facilities a 0:14:55.480 --> 0:14:57.280 new front for the Iran war. 0:14:58.720 --> 0:15:02.400 It's good to left. The journalists are paying attention to this, 0:15:02.920 --> 0:15:04.200 whatever it turns out to be, and I think it 0:15:04.280 --> 0:15:07.040 is are on, but that our vulnerability there needs to 0:15:07.080 --> 0:15:10.960 not be coded right or left. We all have to 0:15:11.040 --> 0:15:11.720 understand it. 0:15:13.320 --> 0:15:19.800 Study finds heavy drinking during pregnancy has nearly tripled since 0:15:19.840 --> 0:15:20.720 twenty eleven. 0:15:21.560 --> 0:15:27.760 Oh boy, oh boy, that's crazy to me. Yeah, for 0:15:27.840 --> 0:15:29.080 real child abuse. 0:15:30.400 --> 0:15:32.200 You're gonna tell me to stop it after this one too, 0:15:32.280 --> 0:15:37.400 Brace yourself. Joe Oh from The New York Post, World's 0:15:37.600 --> 0:15:45.440 smallest Pennis patient sets date for crowd funded enlargement operation. 0:15:46.760 --> 0:15:47.600 I kind of like it. 0:15:48.840 --> 0:15:51.760 These guys raised almost fourteen k to make it bigger. 0:15:52.440 --> 0:15:56.120 Yeah, you know, if you've got the micro thing, that's 0:15:56.120 --> 0:15:59.240 a really tough way to go through life. If you 0:15:59.280 --> 0:16:03.360 are you know, well if you're heterosexual orgy, it doesn't matter. 0:16:03.720 --> 0:16:03.880 Yeah. 0:16:03.920 --> 0:16:05.640 I feel it's a deformity. I feel that. 0:16:07.800 --> 0:16:13.160 And finally the babylon Bee Democrats announce you aren't allowed 0:16:13.200 --> 0:16:15.120 to remember what they did just. 0:16:15.120 --> 0:16:19.160 A few years ago. Exactly. Yeah, that's the AOC thing. 0:16:19.240 --> 0:16:22.000 I think. What's important is to listen to what people 0:16:22.040 --> 0:16:27.720 are saying today. Oh no, look, if you're talking about 0:16:27.840 --> 0:16:33.160 an eleven year old who's now fourteen, yeah, okay, I 0:16:33.240 --> 0:16:36.280 get it. Yeah, even maybe a sixteen year old who's 0:16:36.360 --> 0:16:40.520 now nineteen. But a forty five year old it was 0:16:40.600 --> 0:16:44.720 forty two or you know whatever age you would No, No, 0:16:44.840 --> 0:16:47.640 you were calling for the end of the United States Constitution, 0:16:48.360 --> 0:16:52.840 the end to our well, you were coming out in 0:16:52.920 --> 0:16:56.040 favor of racism few years and you just get to 0:16:56.080 --> 0:16:59.000 get out of jail free pass. No, you're unfit for office, 0:16:59.000 --> 0:17:02.800 as we are discussing. So, in spite of the JIV name, 0:17:02.840 --> 0:17:06.760 I've given the next segment to dollars and nonsense. I 0:17:06.880 --> 0:17:09.960 came across a handful of stories that are all My 0:17:10.040 --> 0:17:12.920 reaction to all of them was, Wow, that's the way 0:17:13.040 --> 0:17:15.560 that works. And I think you will be surprised and 0:17:15.680 --> 0:17:18.480 enlightened two got some great guests will tell you about 0:17:18.560 --> 0:17:21.040 in a couple of minutes, says, well, see Armstrong and 0:17:21.080 --> 0:17:21.960 Getty shows stay with. 0:17:21.920 --> 0:17:25.280 Us, Armstrong and Getty. 0:17:26.320 --> 0:17:29.800 Really excited about conversation we're going to have at the 0:17:29.800 --> 0:17:32.199 bottom of our two halfway through hour two with the 0:17:32.240 --> 0:17:35.560 great James Lindsay, one of my favorite thinkers, one of 0:17:35.600 --> 0:17:39.399 the people who's been the most effective and eloquent while 0:17:39.440 --> 0:17:43.320 being mostly like really understandable to all of us, calling 0:17:43.320 --> 0:17:49.040 out critical theory and the neo Marxist movement, what some 0:17:49.040 --> 0:17:52.400 people call the woke movement. But the mistake they make 0:17:52.640 --> 0:17:56.240 is thinking these are just you know, maybe well meaning 0:17:56.320 --> 0:17:58.919 simpletons with some bad policy ideas, and we should talk 0:17:58.960 --> 0:18:01.119 them out of it, but don't understand that there's a 0:18:01.600 --> 0:18:07.439 serious philosophical underpinning to this, and it's everywhere in our 0:18:07.440 --> 0:18:10.760 schools and universities. And this is the tip of the iceberg. 0:18:11.160 --> 0:18:13.280 We want to talk about what's under the water that 0:18:13.320 --> 0:18:15.600 you might not be aware of with this way of 0:18:15.640 --> 0:18:19.879 thinking the whole where's this crazy woke thing coming from? 0:18:20.320 --> 0:18:22.240 So again, we're gonna do that next hour and I'm 0:18:22.240 --> 0:18:24.960 really looking forward to it. Love James been following him 0:18:25.840 --> 0:18:30.480 since he first emerged as a professor Portland State. I 0:18:30.480 --> 0:18:33.639 think it was. And one of the early moments of 0:18:33.720 --> 0:18:39.560 his war against this insanity was there's this online feud 0:18:39.720 --> 0:18:43.399 saying two plus two does not necessarily equal four. In 0:18:43.480 --> 0:18:46.840 some cultures it isn't. So no, you can't say that. 0:18:46.840 --> 0:18:49.200 That's racist to say that. And he was like, wait 0:18:49.240 --> 0:18:52.280 a minute, what is this philosophy? And he dug into it. 0:18:52.280 --> 0:18:54.400 He's become an expert on it. So anyway, next hour, 0:18:55.240 --> 0:18:57.840 welcome to a brand new feature. I'm calling it Dollars 0:18:57.840 --> 0:19:05.040 and nonsense. Oh that was a nice touch at the 0:19:05.119 --> 0:19:08.120 end there. Yeah, that's good. Putting aside the JIV name. 0:19:08.680 --> 0:19:10.919 I thought this was also interesting. A handful of stories 0:19:10.920 --> 0:19:15.320 about money. I can't believe this. This is an exclusive 0:19:15.680 --> 0:19:18.040 investigation by the Wall Street Journal. They looked like they 0:19:18.080 --> 0:19:21.919 were getting rich on poly market, but none of it 0:19:22.000 --> 0:19:26.800 was real. And I've seen a couple of these videos 0:19:29.080 --> 0:19:34.399 they were the prediction market is flooded social media with 0:19:34.600 --> 0:19:40.000 deceptive video, deceptive videos by paid creators. Here's how it works. 0:19:40.640 --> 0:19:43.760 Here's this guy, George, George Makehara. In case you're into 0:19:43.760 --> 0:19:46.479 this and you've seen these videos, he appears to have 0:19:46.560 --> 0:19:50.120 a lucrative side hustle making bets on poly Market. In January, 0:19:50.280 --> 0:19:52.199 this guy's at college student. He posted a video that 0:19:52.200 --> 0:19:55.680 showed him winning one hundred grand on Polymarket on a 0:19:55.760 --> 0:19:58.480 bet that President Trump would publicly say the word McDonald's 0:19:58.520 --> 0:20:01.720 that month. Was one of one hundred and forty five 0:20:01.800 --> 0:20:05.879 that Makihara appeared to place on Polymarket's website between January 0:20:05.920 --> 0:20:08.359 and mid May, based on his videos, bets adding up 0:20:08.359 --> 0:20:11.679 to almost four hundred and ten thousand dollars. But according 0:20:11.720 --> 0:20:14.320 to the Wall Street Journal investigation, none of those bets 0:20:14.359 --> 0:20:18.840 were real, and he's one of dozens of mostly college 0:20:18.880 --> 0:20:23.320 aged creators Polymarket paid to film themselves making fake trades 0:20:23.359 --> 0:20:26.960 and sometimes scoring fake wins. According to an analysis of 0:20:27.000 --> 0:20:30.280 more than eleven hundred videos that the journal took in, 0:20:30.880 --> 0:20:34.320 along with instructional materials and interviews with creators who've worked 0:20:34.359 --> 0:20:38.879 with the company on the actual site. For what it's worth, 0:20:39.200 --> 0:20:42.400 more than fifty accounts made that McDonald's bet in January, 0:20:42.480 --> 0:20:45.679 and all of them lost. So they didn't even go 0:20:45.880 --> 0:20:48.000 real far down the line of covering their tracks to 0:20:48.040 --> 0:20:50.240 make sure these were bets that actually paid off in 0:20:50.280 --> 0:20:54.399 that month, or what have you, and I watched. I 0:20:54.440 --> 0:20:56.520 departed from the text of this article to watch one 0:20:56.520 --> 0:21:00.080 of the videos, and I'm like, wait a minute, but 0:21:00.600 --> 0:21:05.600 this dude's like, there's Polymarket on his screen. There's the 0:21:05.680 --> 0:21:10.320 thing happening, there's the amount I mean is videoing his 0:21:11.000 --> 0:21:14.960 using of the website. So I go back to the 0:21:14.960 --> 0:21:17.320 text and it explains and his push to draw users 0:21:17.359 --> 0:21:20.240 to its unregulated platform. Polymarket is flooded social media with 0:21:20.320 --> 0:21:24.679 videos like machihars, which appear genuine at first glance. In reality, 0:21:25.040 --> 0:21:30.200 Polymarket built near perfect copies of its own website, then 0:21:30.280 --> 0:21:33.679 instructed creators to make simulated trades on those dummy sites 0:21:33.920 --> 0:21:37.680 and hide that they were being paid by Polymarket. Then 0:21:37.720 --> 0:21:40.120 to get the videos to go viral, polymarket is recruited 0:21:40.119 --> 0:21:43.880 a social media army to copy and repost those creators 0:21:44.160 --> 0:21:50.520 footage so they would go viral for sure. Though the 0:21:50.560 --> 0:21:52.560 New York based company has been banned from offering its 0:21:52.600 --> 0:21:55.720 crypto its primary crypto platform in the US since twenty 0:21:55.720 --> 0:21:58.600 twenty two, the social media creators are paid to specifically 0:21:58.680 --> 0:22:01.520 target US users who can still access the site with 0:22:01.600 --> 0:22:05.240 a Virtual Private network of VPN, which is a decent 0:22:05.280 --> 0:22:08.359 idea If you don't like to be tracked on the Internet. 0:22:09.160 --> 0:22:11.679 Of course, the polymarket spokeshole said in a statement that 0:22:11.720 --> 0:22:15.000 it was committed to maintaining any accurate, fair and transparent markets. 0:22:15.280 --> 0:22:17.480 We are part of a rapidly growing industry and are 0:22:17.480 --> 0:22:21.800 constantly evaluing ways, evaluating ways to improve how we're engaging 0:22:21.800 --> 0:22:26.400 in earning the trust of our audience. So anyway, holy cow, 0:22:27.000 --> 0:22:32.760 that is uh, well, just to understand how serious and 0:22:32.760 --> 0:22:36.679 sophisticated these people are about misleading you. I mean, I 0:22:36.680 --> 0:22:40.280 got to admit, if I'm watching a commercial for some 0:22:40.359 --> 0:22:44.600 sort of I don't know, counter cleaner spray that makes 0:22:44.640 --> 0:22:47.880 your counter shiny and clean and smell like lemons, I 0:22:47.960 --> 0:22:51.800 know that chick in the ad is not actually a 0:22:51.840 --> 0:22:56.280 woman cleaning your own counters at home. Okay, I get that. 0:22:57.960 --> 0:23:01.680 But to have those videos be that detailed and that 0:23:01.880 --> 0:23:04.760 deliberately fraudulent and not disclosed any of it, well, you 0:23:04.760 --> 0:23:06.600 know what's going on, and I don't need to explain 0:23:06.640 --> 0:23:12.359 it to you. Story number two, how the bond market 0:23:12.520 --> 0:23:18.840 inflated Powerball, and we had somebody tried to explain this 0:23:18.920 --> 0:23:23.480 to us once, and I remember being mystified a bit. Tonight, 0:23:23.560 --> 0:23:30.720 there's a billion dollar powerball drawing and Bob plays the powerball. 0:23:31.400 --> 0:23:33.879 We all want it, Michael, We're all hoping he's looking 0:23:33.880 --> 0:23:39.320 for Okay anyway, But if you win the power ball 0:23:39.920 --> 0:23:44.000 and take the cash payout, it's only four hundred and 0:23:44.000 --> 0:23:47.720 thirty three million dollars. It's less than half of the 0:23:47.720 --> 0:23:51.760 billion dollars now. Five and a half years ago, there 0:23:51.800 --> 0:23:54.760 was a super big prize in January twenty one. The 0:23:54.880 --> 0:23:58.920 jackpot was seven hundred and thirty one million, so about 0:23:58.920 --> 0:24:02.840 a quarter smaller. Yet the lump sum payment if you 0:24:02.960 --> 0:24:06.840 chose chose that was five hundred and forty seven million dollars. 0:24:07.920 --> 0:24:11.359 So how the hell do you have a the jackpot 0:24:11.560 --> 0:24:14.560 be you know, a third bigger, up to a billion dollars, 0:24:14.640 --> 0:24:17.560 But the payout is what is that one hundred and 0:24:17.600 --> 0:24:24.440 fifteen thousand dollars less? It has to do with what's 0:24:24.600 --> 0:24:29.320 what's the correct term the bond yield, and this is 0:24:29.359 --> 0:24:34.640 what's in the small print. Powerball and Mega Millions both 0:24:34.680 --> 0:24:36.760 offer the option for a winner to take thirty checks 0:24:36.760 --> 0:24:39.639 that grow by five percent annually. The lotteries take no 0:24:39.720 --> 0:24:43.479 financial risk offering that annuity, since they buy zero coupon 0:24:43.600 --> 0:24:46.639 treasury bonds maturing on those dates. Much the way a 0:24:46.720 --> 0:24:51.120 corporate pension fund might. Because inflation and the lure of risk, 0:24:51.160 --> 0:24:56.400 your assets like stocks are higher than in twenty twenty one. 0:24:56.560 --> 0:24:58.120 If you follow the market at all, you know it's 0:24:58.160 --> 0:25:02.520 been sky high are the yields because to get you 0:25:02.560 --> 0:25:04.880 to buy bonds, they've got to give you better rates, 0:25:04.920 --> 0:25:07.800 better returns. Otherwise you just go to stocks. So anyway, 0:25:07.960 --> 0:25:10.680 the upshot is a bigger difference between the lump sum 0:25:10.800 --> 0:25:14.000 versus the annuity. The cash value is seventy five percent 0:25:14.040 --> 0:25:16.440 of the advertised prize in twenty twenty one. Now it's 0:25:16.480 --> 0:25:22.320 forty three percent. So it has to do with bond yields. 0:25:22.400 --> 0:25:26.639 And the small print is, yeah, if you if you 0:25:26.680 --> 0:25:30.160 don't take the cash thing, you get an annuity that's 0:25:30.160 --> 0:25:34.439 based on bond yields, and so that the cash payout 0:25:34.480 --> 0:25:36.919 the lump sum, I should say, is all based on 0:25:36.960 --> 0:25:39.680 that math, which I had no idea of moving along 0:25:39.760 --> 0:25:44.520 another dollar. That's right. The Powerball, Son just gives me 0:25:44.560 --> 0:25:48.080 your remote after you watch the power Ball. That's right. 0:25:50.640 --> 0:25:54.600 Interesting article here StubHub customers who battled for tickets and 0:25:54.640 --> 0:25:59.840 battle harder for a refund. Article starts with the story 0:25:59.840 --> 0:26:03.520 of it's three hours before the US played Paraguay in 0:26:03.560 --> 0:26:06.800 the World Cup in June. And this dude is standing 0:26:06.800 --> 0:26:11.639 outside Sofi Stadium in England, California, LA, essentially with his 0:26:11.960 --> 0:26:16.359 dad and no tickets. Now this is June. Right in March, 0:26:16.440 --> 0:26:19.480 he'd gone on stub hub and paid twenty two hundred 0:26:19.520 --> 0:26:22.000 dollars for a pair of seats as a birthday gift 0:26:22.000 --> 0:26:26.440 for his dad. Four days earlier, he'd called stub Hub 0:26:26.560 --> 0:26:28.760 to say his tickets were still not on the FIFA app. 0:26:28.800 --> 0:26:31.439 Where are they? Company said, yeah, we'll have replacements by 0:26:31.480 --> 0:26:35.119 noon tomorrow. Never showed up. He spoke with StubHub at 0:26:35.200 --> 0:26:37.679 least ten times and calls that spend nearly three hours 0:26:37.680 --> 0:26:39.920 in the days leading up to the game. Each time 0:26:39.960 --> 0:26:41.639 he was told not to worry he had kickoff, he 0:26:41.760 --> 0:26:45.840