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Speaker 1: Hey guys, Saga and Crystal.

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

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Speaker 2: this election, and we are so excited about what that

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Speaker 2: means for the future of the show.

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Speaker 1: This is the only place where you can find honest

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Speaker 1: perspectives from the left and the right that simply does

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Speaker 1: not exist anywhere else.

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

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Speaker 2: go to Breakingpoints dot com. Become a member today and

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Speaker 2: and all put together for you every morning in your inbox.

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Speaker 1: We need your help to build the future of independent

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Speaker 1: news media and we hope to see you at Breakingpoints

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Speaker 1: dot com. Good morning, everybody, Happy Thursday. Have an amazing

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Speaker 1: show for everybody today.

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Speaker 2: What do we have, Crystal, Indeed, we do a lot

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Speaker 2: of stuff we want to get to you today. So

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Speaker 2: Indian trade war heats up, so.

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Speaker 3: We will bring you the very latest there.

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Speaker 2: We've actually got a bunch of trade war updates, each

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Speaker 2: more stupid and ridiculous than the last. In my personal opinion,

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Speaker 2: I think yours as well.

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Speaker 1: Side Oh yeah, yeah, there's no disagreement here, but look,

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Speaker 1: we'll give you the facts you can make up in mind.

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Speaker 2: Yes, that's right report you decide. We also have that

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Speaker 2: viral chart. I don't know if you guys saw this

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Speaker 2: exposing just sort of economic decline for ordinary people in

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Speaker 2: America across the board basically since the nineties. Going to

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Speaker 2: dig into that a little bit as it relates directly

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Speaker 2: to housing affordability and home ownership, so important one to tackle. Well.

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Speaker 2: I've also got the very latest for you with regard

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Speaker 2: to Epstein. Trump just basically keeps digging the whole deeper.

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Speaker 2: So interestingly, they apparently want to try to get Joe

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Speaker 2: Rogan to help them out of their bind.

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Speaker 3: Whether the medicals to that or not, I don't know,

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Speaker 3: we'll find out.

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Speaker 2: We also are taking a look at the GHF whistleblower

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Speaker 2: who we hosted here, Anthony Aguilar. He made another appearance

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Speaker 2: with Tucker Carlson, this one for a longer interview in person,

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Speaker 2: and there were some truly stunning moments there where he

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Speaker 2: is exposing additional details about GHF and the way that

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Speaker 2: they operate, and also what he anticipates is going to

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Speaker 2: come next. So you definitely want to take a look at.

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Speaker 2: That's a lot happening in Israel today. They are voting

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Speaker 2: the security Cabinet is voting on what is effectively a

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Speaker 2: plan of outright annihilation. This is not a secret anymore.

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Speaker 2: It's you know, it's completely out in the open. Of course,

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Speaker 2: it has been in a lot of ways, but now

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Speaker 2: an official vote being taken on that.

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Speaker 3: So break that down for you.

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Speaker 2: Soccer's got a big UFO update.

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Speaker 3: Many of our fans will think that it's been too long.

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Speaker 1: You know, it has been too long. My brothers been

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Speaker 1: asking me what's going on, and listen, I'm subject to

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Speaker 1: the news. Okay, So when policymakers start talking about it,

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Speaker 1: and perhaps we get some updates, we'll see. I am

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Speaker 1: going to put out a page to the White House

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Speaker 1: Press Corps to ask some follow up questions, so hopefully

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Speaker 1: we'll get something.

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Speaker 3: Okay, all right, we'll work on that.

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Speaker 2: I have a complete guide to hy Corey Booker is

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Speaker 2: just the absolute worst and Christian smalls. It has been

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Speaker 2: a long time front of ours. I think we're the

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Speaker 2: first people ever to have him on. Back when he

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Speaker 2: was organized in the Amazon Labor Union, so he is

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Speaker 2: a well known labor active as an organizer here. He

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Speaker 2: was abused by the Israelis attempting to get baby formula

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Speaker 2: into the Gaza strip. So he's going to join us

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Speaker 2: to tell us all about his experience and the reason

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Speaker 2: that he got involved in.

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Speaker 3: This fight to begin with.

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Speaker 1: Yeah, I'm excited to talk to Christian about that his story.

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Speaker 1: You know, Greta Thunberg got a lot of coverage for

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Speaker 1: what happened, but he's criminally been undercovered in terms of

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Speaker 1: that story and does tell us quite a lot about

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Speaker 1: what's going on in the country. Before we get to that.

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Speaker 1: Thank you to everybody who's been subscribing Breakingpoints dot com

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Speaker 1: well as leaving us a five star rating. But with that,

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Speaker 1: let's go ahead and get to the tariff war. And so,

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Speaker 1: in extraordinary fashion, let's go and put this up there

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Speaker 1: on the screen. Donald Trump has put a whopping twenty

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Speaker 1: five percent extra tariff on India for Russian oil prices.

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Speaker 1: Wo Delli says that the US president decision is unfair, unjustified,

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Speaker 1: and unret So let me just read you a little

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Speaker 1: bit about it. He says, quote, I determined that it

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Speaker 1: is necessary and appropriate to oppose an additional advolorum duty

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Speaker 1: on duties imports of articles of India which is directly

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Speaker 1: or indirectly importing Russian Federation oil. So let's explain what

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Speaker 1: the hell is going on here. This has been a

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Speaker 1: kind of a chief problem for the United States, now,

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Speaker 1: you know, problem I guess of our own making, since

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Speaker 1: the outbreak of the Ukraine War, where the United States

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Speaker 1: puts blanket tariffs on all Russian oil imports obviously here,

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Speaker 1: as well as Russian sanctions for the entire banking system

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Speaker 1: across Europe and elsewhere. The problem in that has always

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Speaker 1: been South Korea, China, India are very willing to buy

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Speaker 1: Russian oil because they don't care necessarily about Ukraine. And

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Speaker 1: of course being sold on a discount on their markets,

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Speaker 1: as well as the ability to refine that oil and

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Speaker 1: export it. By the way, much of that oil is

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Speaker 1: exported across the world to many of the people who

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Speaker 1: are also sanctioning Russian oil. Just to show you some

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Speaker 1: of the problems in that. The theory crystal is that

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Speaker 1: by stopping India from buying Russian oil, which by the way,

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Speaker 1: is the second purchaser of Russian oil behind China, who

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Speaker 1: has a lower tariff rate than India. Right now, make

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Speaker 1: that one makes sense. The problem is that their theory

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Speaker 1: is that by choke holding the Russian economy they can

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Speaker 1: finally get Russia to the peace steal table in Ukraine. Now,

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Speaker 1: as I just mentioned, India is just the second largest

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Speaker 1: purchaser of Russian oil. The Chinese are the first. The

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Speaker 1: Chinese are not subject to any tariffs over this entire thing.

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Speaker 1: And second, it still comes down to this theory of

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Speaker 1: the choke hold being applied to Russia that will finally

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Speaker 1: get it to stop in Ukraine. There is not a

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Speaker 1: single scrap of evidence to show that that is true.

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Speaker 1: The Russian war machine is actually what's fueling the entire

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Speaker 1: economy right now it's like twenty something percent of their GDP.

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Speaker 1: It's increased their overall GDP growth, their weapons manufacturing is

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Speaker 1: exploding with help from again not just India, but China,

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Speaker 1: North Korea and Iran many other actors. It really just

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Speaker 1: demonstrates the futility of our trade policy by trying to

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Speaker 1: use it for purposes on Ukraine. And then there's also

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Speaker 1: a bigger question here of what's actually important is it

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Speaker 1: Israel and Ukraine, because that's the message being sent now

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Speaker 1: from the Trump administration. The Trump administration is thinking you

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Speaker 1: or I or should pay higher Canadian lumber prices because

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Speaker 1: the Canadian government recognizes the state of Palestine. Okay, I

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Speaker 1: don't remember, you know, thinking anything about that whenever it

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Speaker 1: was our trade war. And then second with India, India

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Speaker 1: is now subject to a fifty percent tariff. Now again

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Speaker 1: just to explain how ridiculous this is just from geopolitical

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Speaker 1: point of view, If you believe that China is your

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Speaker 1: premier economic competitor, now what do you want to do.

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Speaker 1: You want to make sure that you have good relations

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Speaker 1: with all of the great powers in the rest of Asia. Well,

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Speaker 1: that would include Japan, South Korea, the Philippines and India,

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Speaker 1: namely India, which has always pursued a policy of non

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Speaker 1: alignment and so for from the first Trump administration including

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Speaker 1: the second Trump administration, their theory was, hey, we'll have

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Speaker 1: better economic relationship here with India, because that will mean

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Speaker 1: that this great power over one point four billion people,

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Speaker 1: rising economic giant, will have ties there to make sure

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Speaker 1: that nobody is going to fall into the Chinese orbit

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Speaker 1: and create kind of a strategic balance. We pressured companies

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Speaker 1: like Apple who are about to get to to move

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Speaker 1: iPhone production to India all of these other manufacturing problems. Now, look,

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Speaker 1: I'll be fair, India's got a very closed off economy.

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Speaker 1: I mean, they have insane non tariff barriers. They have

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Speaker 1: for a long time. Their theory, which by the way,

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Speaker 1: I think is correct, is that allowing you know, outside

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Speaker 1: Western influence gives these countries too much control over their economy.

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Speaker 1: Can't argue with that. I mean, it's true you could

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Speaker 1: look at where they are. That's fine. I'd be happy

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Speaker 1: to punish them, quote punish them or tariff them if

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Speaker 1: had anything to do with, you know, protecting American manufacturing

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Speaker 1: or any of that. While also considering the geostrategic implications,

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Speaker 1: but this has nothing to do with that. It is

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Speaker 1: literally just to try and pressure India and Ukraine, or

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Speaker 1: India and Russia on the war in Ukraine, which has

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Speaker 1: not one scrap of evidence over the last two and

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Speaker 1: a half years to show that it has actually worked.

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Speaker 1: This is the Biden Lindsay Gram policy. Literally Lindsay Gram

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Speaker 1: policy used to beg for this from day one, and

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Speaker 1: it's preposterous and actually could send the price of oil

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Speaker 1: sky high it allows to continue well.

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Speaker 2: And also the fact that thus far India has chosen

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Speaker 2: you know, we're just going to sea they're like Russian

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Speaker 2: oil is actually a testament to the effective nature of

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Speaker 2: some of their protectionist policies which help to buffet them

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Speaker 2: from you know, the sanctions or not the sanctions, but

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Speaker 2: the terrorists that are being imposed. I mean they are

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Speaker 2: sort of like a sanction. They're basically functioning the same way.

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Speaker 2: It's meant as a punishment for them not doing what

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Speaker 2: we want them to do. So it is extraordinary, and

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Speaker 2: I mean it's also there's a weirdness to it as well,

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Speaker 2: because ideologically, Mody and Trump have a lot of similarities.

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Speaker 2: You know, both sort of like authoritarian inclined. Modi is

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Speaker 2: a Hindu nationalist, you would think there would be this

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Speaker 2: sort of like natural alliance between them, and instead, as

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Speaker 2: we're going to play later in this block, I mean,

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Speaker 2: you've just absolutely infuriated all of the Indians, you know,

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Speaker 2: sort of across the board, and certainly the Hindu nationalists

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Speaker 2: are disgusted with this attack on their sovereignty as they

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Speaker 2: as you know, as any.

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Speaker 3: Country would be.

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Speaker 2: And that's what's been so foolish about this trade war

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Speaker 2: from the beginning is there's no strategy to it. It's

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Speaker 2: just let me literally piss off the entire world and

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Speaker 2: never have a clear coherent strategy about, you know, explaining

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Speaker 2: to anyone about what we're doing. And now as we

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Speaker 2: get down to it, we see just how haphazard and

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Speaker 2: counterproductive it truly is. So in Brazil, we're punishing Brazil

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Speaker 2: because we don't like what they're doing with a court

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Speaker 2: case against Bolsonaro. With Canada, we're punishing them because we

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Speaker 2: don't like them recognizing a state of Palestine while we're

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Speaker 2: busy supporting a genocide there.

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Speaker 3: With India, obviously.

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Speaker 2: We don't like, oh, you're you know, you're screwing with

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Speaker 2: our ability to crush Russia and put pressure on them.

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Speaker 2: By the way, you know, this is also the guy

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Speaker 2: who promised to resolve that conflict before he even got

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Speaker 2: into office or within twenty four hours, depending on the

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Speaker 2: day of when he got into office. How's that working out?

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Speaker 2: It really is extraordinary to see the way that ordinary

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Speaker 2: American people, truly are basically being used as ponds here

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Speaker 2: for Trump's vacissitudes and for him to pursue whatever foreign

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Speaker 2: policy it feels like in that day. And keep in mind,

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Speaker 2: the people who predominantly tip pay the tariff price are

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Speaker 2: consumers when you go to the grocery store, when you

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Speaker 2: go to make a purchase, that is predominantly because most

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Speaker 2: of the costs get passed on to you. As we've

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Speaker 2: both said a million times, we are not opposed to

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Speaker 2: some protection policy that goddamn sense, but none of this does.

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Speaker 1: Yeah, and that's look again, that's my issue here is

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Speaker 1: what if we want high tariffs, it should be on

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Speaker 1: China and China alone, and then you should make it

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Speaker 1: dramatically attractive to make sure that you put all US

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Speaker 1: industry to push it out of China on a five

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Speaker 1: to ten year plan that they would have to submit

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Speaker 1: and from that point forward, we can look at exclusions, plans, etc.

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Speaker 1: That make strategic sense for the United States. Fifty percent

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Speaker 1: of all GDP will be in Asia in just five years.

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Speaker 1: That's why it makes no sense to punish one of

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Speaker 1: the rising powers of Asia when it is for a

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Speaker 1: war in Europe for a country that's not in NATO.

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Speaker 1: That is what number sixty whatever in US bilateral trade

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Speaker 1: has no impact on the US economy. India is the

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Speaker 1: tenth largest trading partner of the United States. That's even

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Speaker 1: with all of their crazy non tariff trade barriers. And

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Speaker 1: I mean that's a massive I mean that is literally, guys,

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Speaker 1: I'm talking more than Brazil. I'm talking about more than

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Speaker 1: probably more than any other you know, partner that has

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Speaker 1: really come under scrutiny a side of Japan. India now

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Speaker 1: joins Brazil with some of the highest tariffs in the world.

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Speaker 1: So how is it that China the number one producer

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Speaker 1: of the number one problem from an economic competitor level,

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Speaker 1: By the way, the number one purchaser and client state

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Speaker 1: really the Russians, right, the Russians. What you think India

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Speaker 1: is the one who's selling them the weapons or the

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Speaker 1: India is the one who's propping up their financial system. No,

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Speaker 1: it's China, and so the Chinese are getting all these

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Speaker 1: crazy exclusions. The whole thing is completely passed backwards. And

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Speaker 1: here's CNBC talking specifically about the price of oil. Let's

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Speaker 1: take a listen.

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Speaker 4: India in Russia now have to go look for you know,

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Speaker 4: basically the energy somewhere else. Let's just say they not

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Speaker 4: have to go basically buy it from the United States,

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Speaker 4: will buy it from Saudi Arabia. Guess what oil price

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Speaker 4: is going to go through the roof. I mean last

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Speaker 4: year alone, Asia basically imported something like almost four big

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Speaker 4: four million dollars per day of Russian production. I mean

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Speaker 4: that is the kind of quantity that you just cannot

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Speaker 4: switch off and then and decide to replace it, okay,

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Speaker 4: with somebody else. That's basically oil. And I think that

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Speaker 4: if Indians were to hold out, you know, they might

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Speaker 4: you know, basically find out for themselves that Trump will

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Speaker 4: tacko on this issue because anything Trump so far has

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Speaker 4: had zero appetite for anything that can lead to a

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Speaker 4: high oil price. So the question is will mold he

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Speaker 4: played this game of chicken with him?

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Speaker 1: Thinking that Trump is going to fall, and so there's

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Speaker 1: been similar movement for other countries that have been subject

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Speaker 1: to tariffs. Like this, let's go and put this up

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Speaker 1: there on the screen. This is from the President of Brazil,

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Speaker 1: Lula quote. I won't humiliate myself. Brazil's Presidency's no point

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Speaker 1: in tariff talks with Donald Trump. Some fifty percent tariff

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Speaker 1: on Brazilian goods that took effect on Wednesday. In fact,

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Speaker 1: I just saw a very interesting piece come across my screen,

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Speaker 1: which is about the Brazilians and the Japanese striking a

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Speaker 1: deal on food and beef, specifically because a lot of beef,

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Speaker 1: especially like higher end beef, will be purchased from Japan

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Speaker 1: and the Brazilians, one of the largest meat exporters in

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Speaker 1: the world, have been trying to break into the Japanese

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Speaker 1: market now for quite some time. But because of the

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Speaker 1: way that the Japanese are now configured with the fifteen

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Speaker 1: percent baseline tariff and others from US goods, they're like, yeah,

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Speaker 1: you know, maybe we'll go elsewhere. I just read Toyota,

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Speaker 1: Honda and all these other companies are about to take

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Speaker 1: a fifteen percent haircut on most of their profits. I

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Speaker 1: don't have problems with a lot of this stuff. Per se.

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Speaker 1: I'm not a defender of Toyota Honda's profits, but I'm saying,

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Speaker 1: you know, what would you want to do instead of

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Speaker 1: some baseline tariff where the Japanese are going to buy

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Speaker 1: are filthy American rice? Great for japan Congratulations, you can

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Speaker 1: have the same hormonal problems that we do. Instead, you know,

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Speaker 1: we would want to encourage Toyota Honda and all this

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Speaker 1: to continue the policy that they've been doing, which is

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Speaker 1: building facilities here in America. This is my point about

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Speaker 1: strategic tariffs and all of that. You know, China again

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Speaker 1: is actually getting a more of a red carpet experience

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Speaker 1: than all of the other countries surrounding it, which the

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Speaker 1: policy of some sort of pivot to Asia would make

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Speaker 1: make any damn sense. America right now is addicted to

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Speaker 1: Europe and to the Middle East. It's like we can't

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Speaker 1: get away from it, can't take your eye off the ball.

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Speaker 1: I've been hearing pivot Asia in this town for twenty

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Speaker 1: years now, ever since the war in Iraq, never you know,

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Speaker 1: get anything about it. The whole thing really is preposterous.

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Speaker 1: It continues to be whenever you look continue down the line.

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Speaker 1: With the way that these American companies are acting with Trump,

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Speaker 1: I can't even believe this. It's unbelievable. Tim Cook went

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Speaker 1: to the Oval Office yesterday to present Trump with literal

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Speaker 1: gold like Trump is a Mongol king old like the

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Speaker 1: great Khan Ogadai and the Duke of Moscovy travels across

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Speaker 1: the step to present him with tribute God. That's basically

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Speaker 1: what's happening. I'm not making this ship up. Watch it

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Speaker 1: for yourself.

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Speaker 2: This is.

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Speaker 5: US Alifornia and this glass comes off the Morning Live.

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Speaker 5: It's engraved for President Trump. It's a unique unit of

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Speaker 5: one designed it career and the base comes from Betah

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Speaker 5: and is twenty four carat gold. Congratulations law the great

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Speaker 5: people of Kentucky.

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Speaker 1: Great people of Kentucky. Listen, this is again country. Do

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Speaker 1: we want America? Do we want companies like Apple to

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Speaker 1: invest a lot more in America? Yes? But the problem

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Speaker 1: with this stuff is it's all headline. You know, grabbing

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Speaker 1: makes no sense. Put this up there on the screen.

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Speaker 1: This is from the Wall Street Journal. Because of the

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Speaker 1: way that Tim Cook and Nvidia's Jensen Wang have kissed

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Speaker 1: Trump's ass, they have now got themselves exempt from a

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Speaker 1: huge amount of the semiconductor tariffs, and video, by the way,

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Speaker 1: has pulled off the coup of the century. In case

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Speaker 1: anybody knows, there were previous chips, the Age twenty chips

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Speaker 1: were not supposed to be exported to China, which got

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Speaker 1: themselves a actual exemption from the Trump administration. Basically after

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Speaker 1: Jensen paid like a five million dollars or whatever to

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Speaker 1: a to attend some mar a Lago dinner and he

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Speaker 1: was actually at the White House just yesterday. But it's

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Speaker 1: all because of this. Now, Apple, what they say here

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Speaker 1: is like, oh, they're going to invest another one hundred

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Speaker 1: billion dollars, you know, to the United States. Well, if

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Speaker 1: you look, you know deeply, this was on top of

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Speaker 1: a five hundred billion dollar investment plan that they had

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Speaker 1: for America. Well it was just repackage spending plan that

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Speaker 1: they'd already put in their public documents according to all

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Speaker 1: of the industry analysts. So look, is it great to

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Speaker 1: have an extra one hundred bill Yeah, absolutely, But if

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Speaker 1: you read a little bit further, quote, Apple has made

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Speaker 1: similar announcements dating back It's investment though in manufacturing quote

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Speaker 1: paills next to its investments in China, India, and elsewhere

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Speaker 1: in Southeast Asia, where nearly all of its devices are made.

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Speaker 1: The reason why he's holding up that glass as some

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Speaker 1: sort of great thing is because that's going to be

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Speaker 1: the only part of the iPhone that actually comes from America.

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Speaker 1: And even then, it's not even gonna come from all

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Speaker 1: the iPhones. Okay, it's not like it's going to be

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Speaker 1: the exclusive supplier of the glass for all of the globe.

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Speaker 1: And you know, it's like this is where you know,

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Speaker 1: the Trump people they call you a hater and all

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Speaker 1: these things if you just read and you look a

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Speaker 1: little bit deep into all of this. And so people

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Speaker 1: need to wonder like is this an acceptable way to

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Speaker 1: be conducting our trade policies?

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Speaker 6: Why?

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Speaker 1: I find it just so like maddeningly stupid.

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Speaker 3: Yeah. Absolutely, And this like that thing that you saw with.

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Speaker 2: Oh, here's your here, sir, here's your your unique of

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Speaker 2: you know, personalized piece of glass and your twenty four

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Speaker 2: carrot gold base and what like, this is the way

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Speaker 2: our country is run.

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Speaker 3: Now, this that's it. I mean, not only.

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Speaker 2: Did he get you know, with the chips, he's gotten

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Speaker 2: his car bounds there. There's actually a consumer electronics carve

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Speaker 2: ount with the India tariffs as well, which obviously massive.

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Speaker 2: I mean, it probably benefits Apple more than any other company.

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Speaker 2: And so this is why Wall Street has been okay

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Speaker 2: with this, because if you are a gigantic corporation or

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Speaker 2: a billionaire, you can pay the price of admission to

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Speaker 2: get your little carve ount and your goodies. I mean,

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Speaker 2: this is when we talk about like a captured oligarchy.

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Speaker 2: That's what we're talking about. People who can be in

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Speaker 2: the favored inner circle and they can get their needs met.

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Speaker 2: And as long as they play by the rules of

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Speaker 2: you know, total incomplete deference and going in and kissing

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Speaker 2: his ass and doing all these sorts of things, then

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Speaker 2: they're going to be the favored ones and they're going

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Speaker 2: to mass a tremendous amount of wealth. And if you

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Speaker 2: aren't in that inner circle, then who cares you get screwed?

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Speaker 2: I mean, the man is just completely for sale. And

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Speaker 2: that means that our trade policy and our foreign policy,

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Speaker 2: everything is completely for sale to the highest bidder. So

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Speaker 2: when you see Tim Cook, Tim Apple going into the

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Speaker 2: Oval office and making this fawning display, when you see,

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Speaker 2: you know, going back to the inauguration, having all those

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Speaker 2: billionaires and of the richest people in the world standing

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Speaker 2: behind Trump and doing similarly like slavish boot licking displays,

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Speaker 2: making these big and oh, we're gonna invest this much,

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Speaker 2: We're going to invest that much. A bunch of the

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Speaker 2: trade deals too. It's the same thing you covered the

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Speaker 2: EU trade deal. We're going to invest five hundred billion

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Speaker 2: dollars in the US. And it's like, well, I mean,

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Speaker 2: we can't actually enforce that, but it's a nice idea.

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Speaker 3: He doesn't care. He doesn't care.

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Speaker 2: He just wants the headline. That's all he wants. And

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Speaker 2: these stupid mainstream reporters, it seems like never do they

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Speaker 2: question it. They just get a press release from the

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Speaker 2: White House and they take it as gospel and they've

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Speaker 2: been taken for a ride. But how many times are

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Speaker 2: you going to be taken for a ride? I mean,

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Speaker 2: on all these trade deals, on all these big corporate announcements.

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Speaker 2: Number once do they look and go, well, you know,

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Speaker 2: maybe we should hold off a minute and see if

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Speaker 2: this is actually real. They just run with the headline

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Speaker 2: and that's all he cares about.

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Speaker 1: Look, I mean, to the extent that I'll defend them,

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Speaker 1: it's that most of them are so dumb that they

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Speaker 1: literally don't know how to read. If you follow these,

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Speaker 1: I think you would have some if you just read

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Speaker 1: the Wall Street Journal, the Financial Times, there are excellent

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Speaker 1: trade of Bloomberg. You know the financial press. They'll tell

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Speaker 1: you all what's going on in the open. Let me explain.

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Speaker 1: I want to linger on the stock market part because

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Speaker 1: this has been driving me nuts when everyone's like people

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Speaker 1: predicted that the stock market would go down. By the way, guys,

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Speaker 1: if the tariffs are real, the stock market should plunge.

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Speaker 1: I'm being honest. Yeah, Like, if if you're actually going

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Speaker 1: to meaningfully change, meaningfully change the way that American companies

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Speaker 1: do business, specifically with China and bring back manufacturing, margin

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Speaker 1: and profit should be destroyed. That's I'm just I'm being

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Speaker 1: real with everybody. That's part of the reason why you

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Speaker 1: have to be, you know, careful whenever you implement this

435
00:20:56,720 --> 00:20:58,919
Speaker 1: stuff and also message it in a proper way. The

436
00:20:58,920 --> 00:21:00,919
Speaker 1: fact that the S and P some eighty percent of

437
00:21:01,200 --> 00:21:04,119
Speaker 1: S and P companies are beating earnings expectations for the

438
00:21:04,119 --> 00:21:06,479
Speaker 1: first time since twenty twenty one, that should tell you

439
00:21:06,520 --> 00:21:08,399
Speaker 1: something is that you know they don't really have to

440
00:21:08,440 --> 00:21:11,400
Speaker 1: do very much and can continue their margin of business

441
00:21:11,480 --> 00:21:13,800
Speaker 1: Wall Street, as you just said, has factored in the

442
00:21:14,440 --> 00:21:17,160
Speaker 1: ability for all of these major companies to at least

443
00:21:17,200 --> 00:21:20,280
Speaker 1: maintain quote good relations as Wall Street speak, with the

444
00:21:20,280 --> 00:21:23,160
Speaker 1: White House and either get themselves an exemption or find

445
00:21:23,160 --> 00:21:25,440
Speaker 1: themselves in a way whether they can continue some sort

446
00:21:25,640 --> 00:21:28,320
Speaker 1: of business as usual. The White House gets to claim

447
00:21:28,359 --> 00:21:31,840
Speaker 1: some x billion dollars a month that they're taking in

448
00:21:31,840 --> 00:21:35,080
Speaker 1: in tariff revenue. Great, okay, but the point is that

449
00:21:35,200 --> 00:21:38,280
Speaker 1: it will lead to marginal price increase, but not a

450
00:21:38,280 --> 00:21:41,639
Speaker 1: fundamental way to change business. Just remember this. The Chinese

451
00:21:41,680 --> 00:21:45,040
Speaker 1: stock market is flat to two thousand and nine effectively.

452
00:21:45,119 --> 00:21:47,679
Speaker 1: Why because they don't care about profit. They care about reinvestment,

453
00:21:47,880 --> 00:21:51,760
Speaker 1: about manufacturing and actually changing the way and making themselves autonomous.

454
00:21:51,760 --> 00:21:52,879
Speaker 1: At the end of the day, that's what they care

455
00:21:52,880 --> 00:21:55,080
Speaker 1: about me the most that they're really coming. So yes,

456
00:21:55,359 --> 00:21:58,440
Speaker 1: Shanghai stock market doesn't do all that well. That should

457
00:21:58,480 --> 00:22:00,440
Speaker 1: tell you where our s and p I don't even

458
00:22:00,480 --> 00:22:03,120
Speaker 1: know what it would return from nine even with all

459
00:22:03,240 --> 00:22:05,359
Speaker 1: the you know, blips and all of that. It's still

460
00:22:05,440 --> 00:22:08,760
Speaker 1: it's unbelievable the amount of returns that we have gotten here.

461
00:22:08,800 --> 00:22:11,959
Speaker 1: But everyone needs asked themselves, are you actually richer than

462
00:22:11,960 --> 00:22:13,000
Speaker 1: you were in two thousand and nine.

463
00:22:13,000 --> 00:22:14,920
Speaker 3: I would bet well I answer that question a moment.

464
00:22:15,000 --> 00:22:17,679
Speaker 1: Yes, yeah. So with that we'll give you the view

465
00:22:17,760 --> 00:22:20,080
Speaker 1: people liked when we pulled a clip last time, so

466
00:22:20,240 --> 00:22:23,200
Speaker 1: we've pulled one again from Republic TV. Are not Gaswami,

467
00:22:23,280 --> 00:22:26,679
Speaker 1: the Arena Goswami. He is the Tucker Carlston of India

468
00:22:26,840 --> 00:22:30,240
Speaker 1: Nationalists over their supporter of the Modi government. Here is

469
00:22:30,320 --> 00:22:33,920
Speaker 1: the view from India's one of the more popular television stations.

470
00:22:34,480 --> 00:22:36,560
Speaker 6: Ladies and gentlemen, it is time for the nation to

471
00:22:36,640 --> 00:22:39,879
Speaker 6: really come on together because it is now Donald Trump

472
00:22:39,960 --> 00:22:47,880
Speaker 6: versus India. Donald Trump is foolishly continuously and desperately announcing

473
00:22:48,000 --> 00:22:50,679
Speaker 6: a trade war. Day after day, he keeps escalating it.

474
00:22:51,119 --> 00:22:55,720
Speaker 6: And he's just announced about an hour back about total

475
00:22:55,760 --> 00:22:59,240
Speaker 6: of cumulatively fifty percent out of so on India. That's

476
00:22:59,280 --> 00:23:03,719
Speaker 6: twenty five percent that was already there, an additional twenty

477
00:23:03,760 --> 00:23:08,600
Speaker 6: five percent because we are buying oil from Russia, so

478
00:23:08,720 --> 00:23:15,480
Speaker 6: reciprocal and additional fifty percent naga Donald Trump tariffs for India.

479
00:23:16,080 --> 00:23:20,159
Speaker 6: And we say tonight to Donald Trump, bring it on,

480
00:23:21,400 --> 00:23:22,000
Speaker 6: Bring it on.

481
00:23:22,040 --> 00:23:22,880
Speaker 1: Ladies and gentlemen.

482
00:23:24,119 --> 00:23:28,399
Speaker 6: And that's been our response We've told them that you

483
00:23:28,840 --> 00:23:31,640
Speaker 6: can't touch us, you can't really impact us.

484
00:23:33,119 --> 00:23:35,000
Speaker 1: That's what they're saying there, all right, I mean, listen,

485
00:23:35,040 --> 00:23:36,680
Speaker 1: are they going to cave? I don't know. So far,

486
00:23:37,000 --> 00:23:39,879
Speaker 1: the Modi government has put out statements basically saying screw you,

487
00:23:39,920 --> 00:23:42,880
Speaker 1: we don't care, We'll pay the tariff. And the line

488
00:23:42,920 --> 00:23:45,240
Speaker 1: in India is is pretty ironic because you guys buy

489
00:23:45,280 --> 00:23:48,200
Speaker 1: a bunch of hexafluoride and other products from Russia and

490
00:23:48,200 --> 00:23:50,080
Speaker 1: then you're coming to us and telling us not to

491
00:23:50,119 --> 00:23:50,479
Speaker 1: take it.

492
00:23:50,520 --> 00:23:50,760
Speaker 4: I mean.

493
00:23:50,880 --> 00:23:53,800
Speaker 1: And by the way, here's the best part Indian is

494
00:23:53,800 --> 00:23:57,840
Speaker 1: so Russian oil refined in an Indian refinery is exempt

495
00:23:57,840 --> 00:24:00,399
Speaker 1: from the tariffs if you export it to the United States.

496
00:24:00,800 --> 00:24:05,600
Speaker 1: So if you are, if Indian companies export oil to America,

497
00:24:05,920 --> 00:24:09,000
Speaker 1: they will be exempt from the tariff. Make it make sense,

498
00:24:09,280 --> 00:24:11,280
Speaker 1: to make it all makes sense. Last update here on

499
00:24:11,320 --> 00:24:13,840
Speaker 1: the Ukraine front, let's put a seven pleas up on

500
00:24:13,840 --> 00:24:17,239
Speaker 1: the screen. Trump's yesterday said that there was quote a

501
00:24:17,280 --> 00:24:20,040
Speaker 1: good chance that he would meet with Vladimir Putin soon

502
00:24:20,080 --> 00:24:22,560
Speaker 1: about the war in Ukraine. Apparently, Putin is the one

503
00:24:22,640 --> 00:24:26,920
Speaker 1: who initiated the meeting during a meeting with Steve Witkoff

504
00:24:27,080 --> 00:24:29,760
Speaker 1: recently in Moscow. It would also have some sort of

505
00:24:29,760 --> 00:24:32,520
Speaker 1: trilateral meeting allegedly. I don't know if this is you know,

506
00:24:32,560 --> 00:24:35,240
Speaker 1: all this still needs to be negotiated together with Putin

507
00:24:35,280 --> 00:24:37,520
Speaker 1: and with Zelensky to try and bring an end to

508
00:24:37,560 --> 00:24:39,639
Speaker 1: the war. I think it would be great if it's

509
00:24:39,680 --> 00:24:41,920
Speaker 1: actually real, But you know, there's a lot of problems

510
00:24:42,280 --> 00:24:45,159
Speaker 1: for both countries, and Putin himself is basically called Trump's

511
00:24:45,160 --> 00:24:48,159
Speaker 1: bluff at every single turn of this. Every time they

512
00:24:48,240 --> 00:24:49,920
Speaker 1: say that we're going to have a ten day deadline,

513
00:24:49,920 --> 00:24:53,960
Speaker 1: fifty day deadline, Medvedev and the government are like, okay, fine.

514
00:24:54,520 --> 00:24:57,040
Speaker 1: So same with the Indian government so far, same with

515
00:24:57,080 --> 00:25:00,720
Speaker 1: the Brazilian government. As I said, you know, Indian exports

516
00:25:00,720 --> 00:25:01,800
Speaker 1: and all that, I'm not going to say it's going

517
00:25:01,840 --> 00:25:03,520
Speaker 1: to be nothing. It's about seventeen percent or so of

518
00:25:03,560 --> 00:25:07,040
Speaker 1: their economies exports to the United States, so fifty percent

519
00:25:07,080 --> 00:25:09,680
Speaker 1: would be you know, it'd be devastating for a significant

520
00:25:09,720 --> 00:25:13,320
Speaker 1: large part of their import export business. But just I

521
00:25:13,440 --> 00:25:17,040
Speaker 1: recently saw that India will likely attend a meeting of

522
00:25:17,080 --> 00:25:19,800
Speaker 1: the SEO with the Chinese. They would be meeting with

523
00:25:19,920 --> 00:25:23,560
Speaker 1: President she for the first time since twenty nineteen. Apparently

524
00:25:23,600 --> 00:25:25,919
Speaker 1: the Russian foreign minister and others are planning trips to

525
00:25:26,080 --> 00:25:30,080
Speaker 1: New Delhi. So congratulations, you know two our trade policy

526
00:25:30,119 --> 00:25:32,520
Speaker 1: now so far most other countries have bent the need

527
00:25:32,600 --> 00:25:34,560
Speaker 1: to the US. I still would not put it past

528
00:25:35,119 --> 00:25:37,560
Speaker 1: Mody in them. They're trying to play it cool, but

529
00:25:37,600 --> 00:25:39,720
Speaker 1: they do think that eventually they'll be able to come

530
00:25:39,920 --> 00:25:41,679
Speaker 1: to some sort of agreement. They don't think this is

531
00:25:41,720 --> 00:25:45,600
Speaker 1: really about Russia. Maybe they're right. I'm not so sure,

532
00:25:45,760 --> 00:25:49,520
Speaker 1: but you know, it is regardless what you say publicly

533
00:25:49,560 --> 00:25:53,000
Speaker 1: does still matter. India has politics, is a democratic nation.

534
00:25:53,400 --> 00:25:55,919
Speaker 1: Last time I went there, I was shocked at anti

535
00:25:56,040 --> 00:25:58,640
Speaker 1: US sentiment for years, you know, the dream of coming

536
00:25:58,680 --> 00:26:01,480
Speaker 1: to America and all of that was solid. But the

537
00:26:01,520 --> 00:26:04,560
Speaker 1: browbeating they took from the Biden administration over the Ukraine conflict,

538
00:26:04,560 --> 00:26:08,280
Speaker 1: they were furious, furious about. It really splintered a lot

539
00:26:08,280 --> 00:26:10,159
Speaker 1: of relations. So I can't even imagine, you know what

540
00:26:10,200 --> 00:26:12,200
Speaker 1: this will do. Yeah, and this was a close relationship

541
00:26:12,280 --> 00:26:16,040
Speaker 1: Trump and Mody. They had an event the first term.

542
00:26:16,080 --> 00:26:18,440
Speaker 1: It was called like Howdie Mody down in tax I Mean,

543
00:26:18,440 --> 00:26:21,920
Speaker 1: this was like a major thing that was sold from

544
00:26:22,000 --> 00:26:25,040
Speaker 1: the administration about this pivot to Asia, the cultivating of

545
00:26:25,080 --> 00:26:27,639
Speaker 1: the Indian relationship, and he basically set it on fire

546
00:26:28,040 --> 00:26:30,080
Speaker 1: in the span of a week. We'll see how it works.

547
00:26:32,600 --> 00:26:34,359
Speaker 1: All right, Let's go to this next one. We've been

548
00:26:34,400 --> 00:26:36,600
Speaker 1: wanting to talk about this for a while. Viral chart

549
00:26:36,960 --> 00:26:40,880
Speaker 1: that has gone everywhere recently, and you know, actually really

550
00:26:40,880 --> 00:26:43,440
Speaker 1: does say a lot about the state of America today.

551
00:26:43,440 --> 00:26:45,280
Speaker 1: This kind of gets to my point earlier. Are you

552
00:26:45,440 --> 00:26:47,920
Speaker 1: richer than you were in the year two thousand and nine?

553
00:26:48,160 --> 00:26:50,639
Speaker 1: If you have stocks, yes, If you have television, if

554
00:26:50,680 --> 00:26:53,600
Speaker 1: you measure your ability to buy a nice flat screen

555
00:26:53,720 --> 00:26:56,480
Speaker 1: LCD TV, yes, If you measured in terms of your

556
00:26:56,480 --> 00:26:59,280
Speaker 1: ability to afford an education, to afford a home, no,

557
00:26:59,440 --> 00:27:01,520
Speaker 1: you're actually a lot poorer. Let's go and put this

558
00:27:01,600 --> 00:27:03,639
Speaker 1: up there than on the screen. So this is a

559
00:27:03,720 --> 00:27:07,040
Speaker 1: quote estimated percent of thirty year olds who are both

560
00:27:07,160 --> 00:27:09,840
Speaker 1: married and homeowners. So, as they point out, back in

561
00:27:09,880 --> 00:27:13,840
Speaker 1: the year nineteen fifty, it was over fifty percent. Up

562
00:27:13,920 --> 00:27:17,679
Speaker 1: until the year nineteen ninety, it steadily was above forty

563
00:27:17,720 --> 00:27:21,080
Speaker 1: percent nineteen ninety where you basically had, you know, the

564
00:27:21,119 --> 00:27:25,600
Speaker 1: total financialization of our economy in the unipolar moment, NAFTA,

565
00:27:26,000 --> 00:27:29,240
Speaker 1: everything starts to come in. You see the precipitous decline

566
00:27:29,440 --> 00:27:32,080
Speaker 1: from nineteen ninety where you have some forty what is it,

567
00:27:32,160 --> 00:27:35,399
Speaker 1: forty two forty three percent of people who are married homeowners.

568
00:27:35,600 --> 00:27:40,080
Speaker 1: It drops to twenty ten to above roughly twenty two percent,

569
00:27:40,119 --> 00:27:42,959
Speaker 1: so you know, basically has in that time period, and

570
00:27:43,000 --> 00:27:46,919
Speaker 1: then after twenty ten to today it is now less

571
00:27:46,960 --> 00:27:50,000
Speaker 1: than fifteen percent, probably somewhere between seven and eight percent

572
00:27:50,040 --> 00:27:53,000
Speaker 1: of people who are estimated thirty year olds, both married

573
00:27:53,040 --> 00:27:55,480
Speaker 1: and homeowners. It makes sense, I mean, just take a

574
00:27:55,520 --> 00:27:59,040
Speaker 1: look at the all the data that surrounds this. So

575
00:27:59,160 --> 00:28:01,959
Speaker 1: for example, let's go ahead and put what was is

576
00:28:01,960 --> 00:28:05,399
Speaker 1: a eleven please up on the screen, because this is

577
00:28:05,440 --> 00:28:07,960
Speaker 1: where it all kind of starts to come together. Here

578
00:28:08,000 --> 00:28:11,879
Speaker 1: you have the median yearly wage right there, which is

579
00:28:12,040 --> 00:28:15,159
Speaker 1: flat to nineteen seventy basically flat if you factor in

580
00:28:15,160 --> 00:28:18,040
Speaker 1: inflation to nineteen seventy nine. Take a look at the

581
00:28:18,080 --> 00:28:21,320
Speaker 1: median home price, which again this is all in real dollars.

582
00:28:22,200 --> 00:28:25,720
Speaker 1: Median home price was roughly around two hundred and fifty

583
00:28:25,760 --> 00:28:28,639
Speaker 1: thousand dollars back in nineteen seventy nine in today's dollars

584
00:28:28,640 --> 00:28:31,399
Speaker 1: and is now well over three hundred and fifty to

585
00:28:31,440 --> 00:28:34,720
Speaker 1: four hundred thousand, even that, by the way, has been fluctuating.

586
00:28:34,920 --> 00:28:39,280
Speaker 1: The other problem is that that factors in the entire country,

587
00:28:39,400 --> 00:28:41,680
Speaker 1: which in my opinion isn't really the right way to

588
00:28:41,720 --> 00:28:44,320
Speaker 1: look at it, because we have such consolidation in the

589
00:28:44,440 --> 00:28:47,080
Speaker 1: urban areas. If you look at the urban areas like

590
00:28:47,080 --> 00:28:50,240
Speaker 1: the top ten most populous cities and their urban metro,

591
00:28:50,520 --> 00:28:53,400
Speaker 1: it's roughly between five hundred thousand to a million dollars.

592
00:28:53,560 --> 00:28:58,360
Speaker 1: And in the megacities like Washington, d C. New York City, Chicago,

593
00:28:58,840 --> 00:29:03,880
Speaker 1: Los Angeles, Austin, Texas, Atlanta, any of those places, good luck.

594
00:29:04,000 --> 00:29:06,640
Speaker 1: You know, over the half a million dollar price range,

595
00:29:06,680 --> 00:29:08,800
Speaker 1: you're going to be making some serious compromises basically, no

596
00:29:08,840 --> 00:29:11,480
Speaker 1: matter what at that time period. Not to mention what

597
00:29:11,520 --> 00:29:15,800
Speaker 1: the mortgages are right now, somewhere around six point five

598
00:29:15,920 --> 00:29:18,320
Speaker 1: percent or something like that. If you have bad credit,

599
00:29:18,320 --> 00:29:20,680
Speaker 1: it's going to be a lot higher. So you're paying

600
00:29:20,920 --> 00:29:23,120
Speaker 1: double with a mortgage price that you would have just

601
00:29:23,280 --> 00:29:26,200
Speaker 1: four years ago for a home price that is roughly

602
00:29:26,720 --> 00:29:30,480
Speaker 1: either increased or at the same from that time. And yeah,

603
00:29:30,520 --> 00:29:32,280
Speaker 1: I mean it's just such a mystery. Then you know

604
00:29:32,360 --> 00:29:34,640
Speaker 1: why people don't want to have children, are putting off

605
00:29:35,080 --> 00:29:38,440
Speaker 1: marriage and having any sort of ownership in your society.

606
00:29:38,440 --> 00:29:41,360
Speaker 1: I actually think it's probably the most impactful statistic about

607
00:29:41,360 --> 00:29:43,840
Speaker 1: the home ownership thing, because it makes sense. You put

608
00:29:43,880 --> 00:29:47,480
Speaker 1: down roots, you have, you know, connections. If you're a rent,

609
00:29:47,840 --> 00:29:52,720
Speaker 1: you're fundamentally at the mercy of bigger economic forces than yourself.

610
00:29:52,920 --> 00:29:57,200
Speaker 1: You don't have ownership or stakes in society. And I mean,

611
00:29:57,400 --> 00:29:59,640
Speaker 1: I'm not going to say it's painting with a broad brush,

612
00:29:59,680 --> 00:30:03,280
Speaker 1: but mean something and so as that all starts to decline,

613
00:30:03,520 --> 00:30:06,760
Speaker 1: that's how you have Zoron. That's how you have Trump,

614
00:30:06,880 --> 00:30:08,480
Speaker 1: That's how you have I mean, so many of our

615
00:30:08,600 --> 00:30:11,920
Speaker 1: political socioeconomic forces stem from that, and so that really

616
00:30:11,920 --> 00:30:14,200
Speaker 1: does need to be the problem that needs to be attacked.

617
00:30:14,280 --> 00:30:15,560
Speaker 3: Yeah, no, one, that's it.

618
00:30:15,640 --> 00:30:19,640
Speaker 2: I mean, the core building blocks of middle class life

619
00:30:19,680 --> 00:30:22,000
Speaker 2: just get more and more and more expensive and.

620
00:30:21,920 --> 00:30:22,480
Speaker 3: Out of reach.

621
00:30:22,960 --> 00:30:25,000
Speaker 2: And you know, there's a lot that goes into that

622
00:30:25,000 --> 00:30:28,440
Speaker 2: that chart because you're talking about marriage age and you're

623
00:30:28,480 --> 00:30:32,480
Speaker 2: talking about home ownership. Yea, and some of these elements

624
00:30:32,520 --> 00:30:35,600
Speaker 2: are you know, are very cultural, right, It's a trend

625
00:30:35,680 --> 00:30:38,440
Speaker 2: across the developed world that you know, people are getting

626
00:30:38,440 --> 00:30:42,120
Speaker 2: married older. Of course, women entering the workforce means they're

627
00:30:42,160 --> 00:30:44,760
Speaker 2: you know, they're going to college, they're starting careers. That

628
00:30:44,800 --> 00:30:47,479
Speaker 2: puts off marriage, that puts off you know, having kids.

629
00:30:47,880 --> 00:30:50,360
Speaker 2: So those sorts of things play into it too. But

630
00:30:50,440 --> 00:30:53,080
Speaker 2: when you look at the really falling off a cliff

631
00:30:53,080 --> 00:30:55,960
Speaker 2: in the nineties, you can't just blame the feminists for

632
00:30:56,040 --> 00:30:58,520
Speaker 2: that one, because most of the introduction of women into

633
00:30:58,560 --> 00:31:00,840
Speaker 2: the workforce had happened prior to the nineties. So then

634
00:31:00,960 --> 00:31:03,600
Speaker 2: why does this metric fall off a cliff there? And yeah,

635
00:31:03,680 --> 00:31:06,800
Speaker 2: it's not a mystery. It's because houses got really really

636
00:31:06,840 --> 00:31:09,960
Speaker 2: expensive and so people couldn't afford it anymore. And it

637
00:31:10,000 --> 00:31:13,000
Speaker 2: truly is devastating in terms of you know, culturally, we

638
00:31:13,200 --> 00:31:16,480
Speaker 2: place a very high value in this country, in particular

639
00:31:16,600 --> 00:31:17,640
Speaker 2: on home ownership.

640
00:31:17,680 --> 00:31:18,560
Speaker 3: That's not the case everywhere.

641
00:31:18,560 --> 00:31:20,520
Speaker 2: Actually, the Nordic countries have more of a culture of

642
00:31:20,600 --> 00:31:25,280
Speaker 2: like of rental, you know, sort of like that's typical

643
00:31:25,520 --> 00:31:28,040
Speaker 2: and getting married later that's kind of typical. And so

644
00:31:28,720 --> 00:31:32,040
Speaker 2: the fact that you have this cultural desire to be

645
00:31:32,280 --> 00:31:35,440
Speaker 2: a homeowner and you have all kinds of government policy

646
00:31:35,480 --> 00:31:37,640
Speaker 2: that really rewards home ownership, I mean, the you know,

647
00:31:37,680 --> 00:31:41,720
Speaker 2: mortgage interest deduction, the being the biggest one.

648
00:31:42,080 --> 00:31:43,240
Speaker 1: Capital gains is a big one.

649
00:31:43,480 --> 00:31:46,440
Speaker 2: Yeah, And as a renter, you know, economically, you're just

650
00:31:46,480 --> 00:31:48,960
Speaker 2: like the way our society structure, you're just getting screwed.

651
00:31:49,120 --> 00:31:51,520
Speaker 2: And home ownership is also the way that most people

652
00:31:51,560 --> 00:31:53,840
Speaker 2: build any sort of wealth that they can then pass

653
00:31:53,880 --> 00:31:55,840
Speaker 2: on to their kids that can give them some sense

654
00:31:55,840 --> 00:32:00,360
Speaker 2: of stability. And so if this cornerstone, bedrock, pece of

655
00:32:00,400 --> 00:32:02,880
Speaker 2: the American dream is just being pushed completely out of

656
00:32:02,920 --> 00:32:04,840
Speaker 2: reach for people, they're having to wait till they're you know,

657
00:32:04,920 --> 00:32:07,440
Speaker 2: forty to fifty before they can even dream about it,

658
00:32:07,480 --> 00:32:09,040
Speaker 2: if they ever can at all. Living in one of

659
00:32:09,080 --> 00:32:13,080
Speaker 2: these big cities, Yeah, you're going to have complete disillusionment

660
00:32:13,400 --> 00:32:15,920
Speaker 2: with the whole bargain that is, so the whole sort

661
00:32:15,920 --> 00:32:20,320
Speaker 2: of social contract that is supposedly operating here in the US. So,

662
00:32:21,080 --> 00:32:23,320
Speaker 2: you know, it's I think it is. I think you're

663
00:32:23,400 --> 00:32:26,640
Speaker 2: right to say that this truly is at the heart

664
00:32:27,000 --> 00:32:29,120
Speaker 2: of what is going on with our politics. And it's

665
00:32:29,120 --> 00:32:32,800
Speaker 2: extraordinary that I feel like now is the first time

666
00:32:33,080 --> 00:32:35,880
Speaker 2: where there's really any political grappling with it, you know,

667
00:32:35,960 --> 00:32:36,960
Speaker 2: and it's not like long.

668
00:32:36,920 --> 00:32:40,520
Speaker 1: We've been talking about this seven years. Yeah, yeah, for sure, I.

669
00:32:40,480 --> 00:32:43,840
Speaker 2: Mean and just now do you have politicians even saying

670
00:32:43,880 --> 00:32:46,160
Speaker 2: anything about it. And I don't really have anyone having

671
00:32:46,200 --> 00:32:50,280
Speaker 2: like really great solutions that are at scale to actually

672
00:32:50,360 --> 00:32:54,160
Speaker 2: deal with the crisis. So you know this, it does

673
00:32:54,400 --> 00:32:56,880
Speaker 2: make people feel less invested in the country. It makes

674
00:32:56,920 --> 00:32:59,640
Speaker 2: them feel a sense of betrayal when you look at

675
00:33:00,160 --> 00:33:02,880
Speaker 2: what their parents were and their grandparents were able to

676
00:33:02,920 --> 00:33:06,120
Speaker 2: achieve and at what age, and it just feels impossible,

677
00:33:06,920 --> 00:33:08,640
Speaker 2: you know, for younger generations.

678
00:33:08,880 --> 00:33:11,960
Speaker 1: Yeah, I totally agree. Let's gohe and put a nine

679
00:33:12,040 --> 00:33:14,720
Speaker 1: please up on the screen. Take a look at this.

680
00:33:14,720 --> 00:33:18,200
Speaker 1: This is the unpaid number of student loans by age

681
00:33:18,240 --> 00:33:20,560
Speaker 1: So more than one in six Americans are now in

682
00:33:20,680 --> 00:33:24,280
Speaker 1: serious delinquency rates. And the problem with that, thanks to

683
00:33:24,560 --> 00:33:28,760
Speaker 1: Joe Biden, you can't discharge any of that through bankruptcy proceedings,

684
00:33:28,840 --> 00:33:32,200
Speaker 1: not exactly being helped by a lot of the current administration.

685
00:33:32,960 --> 00:33:35,920
Speaker 1: This is the problem. This is for the older millennial set.

686
00:33:36,000 --> 00:33:38,160
Speaker 1: And I actually, you know, people often talk about this

687
00:33:38,200 --> 00:33:40,280
Speaker 1: with a zoron phenomenon. There's a lot of people who

688
00:33:40,320 --> 00:33:43,720
Speaker 1: are like, why is it educated liberals are becoming more

689
00:33:43,840 --> 00:33:46,560
Speaker 1: radical and it's like, well, in a way, and I'm

690
00:33:46,600 --> 00:33:48,920
Speaker 1: not saying this to put down like working class Americans

691
00:33:49,000 --> 00:33:52,600
Speaker 1: or anything. They quote did everything right, as in they

692
00:33:52,680 --> 00:33:55,320
Speaker 1: went to college, Like what was what was the message?

693
00:33:55,520 --> 00:33:57,920
Speaker 1: Go to college, you take out the debt, you'll be

694
00:33:57,960 --> 00:34:00,320
Speaker 1: able to pay it off because of the wage premium.

695
00:34:00,400 --> 00:34:02,760
Speaker 1: Wage premium obviously still exists. Going to college is still

696
00:34:02,800 --> 00:34:05,400
Speaker 1: generally a good deal if you don't factor in the dead.

697
00:34:06,000 --> 00:34:08,239
Speaker 1: If you look, you know, broadly at all of these things,

698
00:34:08,280 --> 00:34:10,080
Speaker 1: you'll move to a bigger city and you'll be able

699
00:34:10,160 --> 00:34:12,800
Speaker 1: to have some sort of like moderately accessible life. No

700
00:34:12,800 --> 00:34:15,160
Speaker 1: one's expecting to get filthy rich, but you know, they're like,

701
00:34:15,200 --> 00:34:17,520
Speaker 1: I'll be able to do X, Y and Z, And

702
00:34:17,560 --> 00:34:20,080
Speaker 1: then you know, I'm thirty three. So by the time

703
00:34:20,120 --> 00:34:22,640
Speaker 1: it's been ten years up since basically since you graduated

704
00:34:22,640 --> 00:34:24,840
Speaker 1: from college, and so then you start to look around

705
00:34:24,880 --> 00:34:27,440
Speaker 1: and you're like, I'm not seeing a whole lot of that. Actually,

706
00:34:27,480 --> 00:34:29,640
Speaker 1: for the most of the people who are able to

707
00:34:29,680 --> 00:34:32,040
Speaker 1: do that, even the very successful ones, people who are

708
00:34:32,040 --> 00:34:36,000
Speaker 1: pulling two three hundred thousand dollars per year, are still

709
00:34:36,360 --> 00:34:38,640
Speaker 1: like they might be able to buy a home, but

710
00:34:38,680 --> 00:34:40,480
Speaker 1: it's not really the one that they want. It has

711
00:34:40,560 --> 00:34:43,879
Speaker 1: a lot of trade offs. Now obviously, you know that's

712
00:34:43,880 --> 00:34:46,360
Speaker 1: how it works sometimes, but that's not the dream that

713
00:34:46,480 --> 00:34:49,160
Speaker 1: was sold. And especially in the Zoron context, I kept

714
00:34:49,160 --> 00:34:50,959
Speaker 1: saying this, and I said this on the Flagrant show.

715
00:34:52,160 --> 00:34:54,319
Speaker 1: I don't know why everyone acting is acting like one

716
00:34:54,360 --> 00:34:56,919
Speaker 1: hundred thousand dollars in New York is in any way rich,

717
00:34:57,160 --> 00:35:01,320
Speaker 1: Like a one hundred thousand dollars post tax is roughly

718
00:35:01,960 --> 00:35:04,680
Speaker 1: what seventy five thousand, seventy eight nine thousand something in

719
00:35:04,719 --> 00:35:07,839
Speaker 1: like New York City, state, local, and federal. So if

720
00:35:07,880 --> 00:35:10,000
Speaker 1: you take that over twelve and then you look at

721
00:35:10,000 --> 00:35:12,000
Speaker 1: the average rent price on a one or two bedroom

722
00:35:12,040 --> 00:35:16,520
Speaker 1: apartment and anywhere on Manhattan or like reasonably commutable, you

723
00:35:16,640 --> 00:35:19,960
Speaker 1: are rent port like almost fifty percent of your income

724
00:35:20,280 --> 00:35:24,080
Speaker 1: is being spent on rent, which has inflated massively inflationary

725
00:35:24,320 --> 00:35:26,720
Speaker 1: over the last couple of years. So yeah, of course

726
00:35:26,760 --> 00:35:29,080
Speaker 1: people are going to be upset about that. And then

727
00:35:29,160 --> 00:35:31,920
Speaker 1: you flip it on the working class side. Their wages

728
00:35:32,040 --> 00:35:35,320
Speaker 1: have been basically flat, as we showed there since nineteen

729
00:35:35,400 --> 00:35:37,800
Speaker 1: seventy nine, and then for a lot of them as well,

730
00:35:38,120 --> 00:35:40,640
Speaker 1: as we've seen the remote work thing kind of spread

731
00:35:40,640 --> 00:35:44,399
Speaker 1: wealth around the country that makes home price even less

732
00:35:44,440 --> 00:35:47,280
Speaker 1: accessible to them wherever they used to live. So Texas,

733
00:35:47,280 --> 00:35:49,560
Speaker 1: where I'm from, I watched the city of Austin go

734
00:35:49,680 --> 00:35:52,279
Speaker 1: from sleepy, not sleepy, but it was a college town.

735
00:35:52,320 --> 00:35:54,520
Speaker 1: It was the capital, okay, whatever, And now it's the

736
00:35:54,600 --> 00:35:57,680
Speaker 1: destination of tech and all of this. And now there

737
00:35:57,680 --> 00:36:00,440
Speaker 1: are places like Bastrup where Texans, well know what I'm

738
00:36:00,440 --> 00:36:02,520
Speaker 1: talking about, which is like forty five minutes out, and

739
00:36:02,600 --> 00:36:05,920
Speaker 1: even there it's apparently pretty dripping spring. I never in

740
00:36:05,920 --> 00:36:08,200
Speaker 1: my life would have imagined many of these places with

741
00:36:08,320 --> 00:36:11,360
Speaker 1: two million dollar houses that are apparently for sale, with

742
00:36:11,480 --> 00:36:15,240
Speaker 1: like luxury buildings and stuff. And so for those people,

743
00:36:15,320 --> 00:36:17,680
Speaker 1: let's say you were born and raised there, and let's

744
00:36:17,680 --> 00:36:20,200
Speaker 1: say you work at your father's plumbing business and you're

745
00:36:20,200 --> 00:36:23,920
Speaker 1: making seventy five thousand dollars per year, how are you

746
00:36:24,320 --> 00:36:26,880
Speaker 1: moderately supposed to be able to compete with that at all?

747
00:36:26,920 --> 00:36:31,440
Speaker 1: I hear the same about Atlanta, about Nashville, about South Carolina,

748
00:36:31,520 --> 00:36:34,279
Speaker 1: any of these places which are like lower tax havens

749
00:36:34,320 --> 00:36:37,480
Speaker 1: for people who are like second tier wealthy in these places.

750
00:36:37,520 --> 00:36:39,840
Speaker 1: And so that's kind of like a race to the bottom,

751
00:36:40,040 --> 00:36:41,920
Speaker 1: and it just raises the price for everybody. And I'm

752
00:36:41,920 --> 00:36:44,319
Speaker 1: not even talking about California, the most populous state in

753
00:36:44,320 --> 00:36:47,520
Speaker 1: the country, which is just all bunkers in terms of

754
00:36:47,560 --> 00:36:49,839
Speaker 1: its real estate. I don't even I genuinely don't even

755
00:36:49,880 --> 00:36:51,960
Speaker 1: know how people live in California. I don't. If you

756
00:36:51,960 --> 00:36:54,000
Speaker 1: make one hunred thousand dollars a year in Los Angeles,

757
00:36:54,040 --> 00:36:56,200
Speaker 1: I'm like, I don't even know what you're doing. If

758
00:36:56,239 --> 00:36:58,560
Speaker 1: you look at the gas price, if you look at mortgages,

759
00:36:58,640 --> 00:37:00,839
Speaker 1: your ability to buy anything, I don't know. You must

760
00:37:00,840 --> 00:37:02,200
Speaker 1: have a two and a half hour commute. I can't

761
00:37:02,200 --> 00:37:02,680
Speaker 1: think of anything.

762
00:37:02,680 --> 00:37:04,759
Speaker 2: I mean, you'll see like, yeah, like a house like

763
00:37:04,760 --> 00:37:08,920
Speaker 2: an hour out from San Francisco. Oh, that's this tiny

764
00:37:09,440 --> 00:37:12,960
Speaker 2: you know, should be starter home, nothing special at all,

765
00:37:13,000 --> 00:37:15,240
Speaker 2: And it's like, oh, this is one point five million

766
00:37:15,320 --> 00:37:19,840
Speaker 2: dollars like insane. I mean, it's genuinely insane. And you know,

767
00:37:19,880 --> 00:37:24,359
Speaker 2: with the New York talking about zoron the knock on him,

768
00:37:24,400 --> 00:37:26,080
Speaker 2: it's like, oh, you want to raise tax on the weather,

769
00:37:26,120 --> 00:37:28,080
Speaker 2: You're going to chase all the billionaires out of the city.

770
00:37:28,160 --> 00:37:31,120
Speaker 2: And his rejoinder, which I think is really worth thinking about,

771
00:37:31,200 --> 00:37:34,200
Speaker 2: is you know who's actually leaving New York. It's not

772
00:37:34,280 --> 00:37:36,799
Speaker 2: the billionaires, the people who are leaving New York are

773
00:37:36,840 --> 00:37:40,040
Speaker 2: the working class, the middle class, the poor, like the

774
00:37:40,160 --> 00:37:42,719
Speaker 2: ordinary people are the ones who are fleeing New York

775
00:37:43,000 --> 00:37:46,040
Speaker 2: because they can't afford to live here. So how about

776
00:37:46,040 --> 00:37:48,319
Speaker 2: we have a policy that seeks to keep you know,

777
00:37:48,400 --> 00:37:50,560
Speaker 2: to make it possible for them to live in this

778
00:37:50,600 --> 00:37:54,000
Speaker 2: great city again. And I think that apparently has a

779
00:37:54,000 --> 00:37:56,319
Speaker 2: lot of appeal to a lot of New Yorkers of like, hey,

780
00:37:56,640 --> 00:37:58,719
Speaker 2: how about I'm able to afford to live in the

781
00:37:58,760 --> 00:38:01,560
Speaker 2: city instead of what worrying about like catering to the

782
00:38:01,600 --> 00:38:05,520
Speaker 2: whims of this you know, elite billionaire class. The student

783
00:38:05,560 --> 00:38:08,760
Speaker 2: loan debt. It is similar to the home ownership betrayal.

784
00:38:09,040 --> 00:38:12,160
Speaker 2: It is another betrayal to your point of a sort

785
00:38:12,200 --> 00:38:14,640
Speaker 2: of deal social contract that was offered to be like, Okay,

786
00:38:14,640 --> 00:38:16,560
Speaker 2: you're going to you know, school's expensive, you're going to

787
00:38:16,640 --> 00:38:18,080
Speaker 2: take out debt, you know, you're going to take these

788
00:38:18,160 --> 00:38:20,000
Speaker 2: years to go further your education.

789
00:38:20,200 --> 00:38:21,040
Speaker 3: But at the end of.

790
00:38:20,920 --> 00:38:23,920
Speaker 2: That, you're going to have that same kind of stable

791
00:38:23,960 --> 00:38:26,319
Speaker 2: middle class life that you know, your parents' generation may

792
00:38:26,360 --> 00:38:29,359
Speaker 2: have been able to achieve with like a union, manufacturing

793
00:38:29,440 --> 00:38:31,760
Speaker 2: or blue collar job. Now this is the new economy

794
00:38:31,760 --> 00:38:34,200
Speaker 2: and that's how you achieve that, and for many people

795
00:38:34,719 --> 00:38:38,040
Speaker 2: that has not panned out to be the case. When

796
00:38:38,040 --> 00:38:41,600
Speaker 2: you factor in how expensive healthcare is, how expensive housing is.

797
00:38:42,040 --> 00:38:44,520
Speaker 2: The dwindling wage room is still a wage premium, but

798
00:38:44,600 --> 00:38:47,680
Speaker 2: dwindling wage premium from going to college. It doesn't pencil

799
00:38:47,719 --> 00:38:50,560
Speaker 2: out the way that people were told that it pencils out,

800
00:38:50,719 --> 00:38:54,960
Speaker 2: and so it does represent another betrayal of Americans who

801
00:38:55,000 --> 00:38:57,440
Speaker 2: were promised one thing, and you know, we're sold a

802
00:38:57,480 --> 00:38:59,960
Speaker 2: false bill of goods. The last point I'll make this

803
00:39:00,160 --> 00:39:01,719
Speaker 2: the point shout out to Ben Norton made this, and

804
00:39:01,760 --> 00:39:05,080
Speaker 2: I think it's worth contemplating. You know, the original chart

805
00:39:05,080 --> 00:39:07,840
Speaker 2: that we showed of like home ownership and marriage age

806
00:39:08,280 --> 00:39:10,359
Speaker 2: just falling off a cliff in terms of being able

807
00:39:10,400 --> 00:39:12,880
Speaker 2: to achieve those things by the time that you're thirty.

808
00:39:12,960 --> 00:39:17,960
Speaker 2: It really starts to deteriorate rapidly in the nineties, and

809
00:39:18,120 --> 00:39:19,920
Speaker 2: one of the things that happened in the nineties was

810
00:39:19,960 --> 00:39:22,440
Speaker 2: the collapse of the Soviet Union. And so you know,

811
00:39:22,640 --> 00:39:26,279
Speaker 2: the part of what enabled the New Deal and sort

812
00:39:26,280 --> 00:39:29,239
Speaker 2: of kept capital in check was that you did have

813
00:39:29,360 --> 00:39:33,560
Speaker 2: this threat from the left of this alternative economic system,

814
00:39:33,880 --> 00:39:36,160
Speaker 2: which was alive and well in parts of the world,

815
00:39:36,560 --> 00:39:39,279
Speaker 2: and so once you have you know, the end of

816
00:39:39,360 --> 00:39:42,000
Speaker 2: history as it was being proclaimed at the time, and

817
00:39:42,040 --> 00:39:44,400
Speaker 2: it's just sort of like wild wild West, off to

818
00:39:44,440 --> 00:39:48,120
Speaker 2: the races. You see skyrocketing inequality, You see obviously skyrocketing

819
00:39:48,160 --> 00:39:52,480
Speaker 2: housing prices, skyrocketing you know, education, healthcare prices, all of

820
00:39:52,520 --> 00:39:55,000
Speaker 2: those sorts of things. And you see the country being

821
00:39:55,040 --> 00:39:58,880
Speaker 2: run increasingly more and more and more just for the wealthy,

822
00:39:59,160 --> 00:40:02,040
Speaker 2: just for the one percent, and the meager social safety net,

823
00:40:02,360 --> 00:40:06,279
Speaker 2: president after president after president, whether they're Democrat or Republican,

824
00:40:06,640 --> 00:40:09,479
Speaker 2: chipping away at that meager social safety net.

825
00:40:09,640 --> 00:40:10,319
Speaker 3: And even though the.

826
00:40:10,239 --> 00:40:12,440
Speaker 2: Cold War is over, right, why are we still you know,

827
00:40:12,560 --> 00:40:14,399
Speaker 2: we were in this arms race? Okay, now the Cold

828
00:40:14,400 --> 00:40:16,480
Speaker 2: War's over, can we roll back some of the military

829
00:40:16,520 --> 00:40:19,800
Speaker 2: industrial complex? Now more and more of our tax sellers

830
00:40:19,880 --> 00:40:24,160
Speaker 2: continue to go to support an ever increasing expanding Pentagon

831
00:40:24,360 --> 00:40:28,360
Speaker 2: defense budget and funneling billions into that military industrial complex

832
00:40:28,400 --> 00:40:31,240
Speaker 2: in spite of the fact that our primary geopolitical foe

833
00:40:31,600 --> 00:40:34,319
Speaker 2: was defeated. So, you know, we could talk about the

834
00:40:34,320 --> 00:40:36,279
Speaker 2: Iraq War, we could talk about the housing crisis, but

835
00:40:36,719 --> 00:40:39,240
Speaker 2: you know, I think it's worth contemplating why that point

836
00:40:39,280 --> 00:40:42,640
Speaker 2: in the nineties seems to be a true turning point.

837
00:40:42,640 --> 00:40:44,239
Speaker 2: And I think, you know NAFTA coming in at that

838
00:40:44,320 --> 00:40:45,120
Speaker 2: time as well as I.

839
00:40:45,120 --> 00:40:48,759
Speaker 1: Think it's multiple things. It's NAFTA immigration, and these are

840
00:40:48,800 --> 00:40:53,200
Speaker 1: all stacked on top of each other. It's NAFTA immigration. Financialization,

841
00:40:53,400 --> 00:40:56,879
Speaker 1: the explosion of wealth student loans is a huge part

842
00:40:56,880 --> 00:41:00,719
Speaker 1: of it. All of that together. Nimbiism is also like

843
00:41:00,760 --> 00:41:04,080
Speaker 1: a major part of the story. And then globalization generally.

844
00:41:04,160 --> 00:41:06,040
Speaker 1: I mean, I've talked about this before, but part of

845
00:41:06,080 --> 00:41:08,880
Speaker 1: the reason that you know, especially at the higher levels,

846
00:41:09,040 --> 00:41:11,759
Speaker 1: if you look at the markets for like Los Angeles

847
00:41:12,000 --> 00:41:15,600
Speaker 1: or New York, well half of it's foreign owned. It's crazy,

848
00:41:15,680 --> 00:41:18,560
Speaker 1: like the global super rich just come here to park

849
00:41:18,600 --> 00:41:21,600
Speaker 1: their money and make it massively expensive. And then you

850
00:41:21,640 --> 00:41:24,919
Speaker 1: have they're all there like slaves basically work for them.

851
00:41:25,000 --> 00:41:27,880
Speaker 1: You know, it's private chefs or gardeners or whatever. This

852
00:41:27,880 --> 00:41:29,879
Speaker 1: stuff is real, Like it's literally like the Gilded Age

853
00:41:29,880 --> 00:41:32,399
Speaker 1: if you think about the level of staff and other

854
00:41:32,440 --> 00:41:34,920
Speaker 1: things that kind of spread out, and it actually amplifies

855
00:41:34,920 --> 00:41:36,759
Speaker 1: if you start to thinking about Instacart, you know, and

856
00:41:36,760 --> 00:41:40,000
Speaker 1: all these other different services that happened. Finally, though, we

857
00:41:40,040 --> 00:41:42,160
Speaker 1: did want to emphasize that there is a different way

858
00:41:42,160 --> 00:41:44,520
Speaker 1: of living. Let's go and put a ten please up

859
00:41:44,520 --> 00:41:47,879
Speaker 1: on the screen. This was from This is from Carl Za.

860
00:41:47,960 --> 00:41:51,000
Speaker 1: He's like a Chinese propagandist. I'll admit I hated Carl

861
00:41:51,040 --> 00:41:52,640
Speaker 1: for a long time, but I have been forced to

862
00:41:52,680 --> 00:41:54,759
Speaker 1: say that he is correct on many things. And here

863
00:41:54,800 --> 00:41:58,399
Speaker 1: he points from a twy and seven story, twenty seventeen story.

864
00:41:58,400 --> 00:42:01,440
Speaker 1: I apologize in China where they say, quote the country

865
00:42:01,440 --> 00:42:04,600
Speaker 1: where seventy percent of millennials are homeowners. China has one

866
00:42:04,640 --> 00:42:07,240
Speaker 1: of the highest home ownership rates in the world, including

867
00:42:07,280 --> 00:42:09,719
Speaker 1: among millennials. If you're aged nineteen to thirty six and

868
00:42:09,719 --> 00:42:11,480
Speaker 1: you don't own own your home, you're probably not reading

869
00:42:11,520 --> 00:42:13,520
Speaker 1: this in China, while young people around the world are

870
00:42:13,520 --> 00:42:16,160
Speaker 1: struggling to get on the property ladder. HSBC found that

871
00:42:16,200 --> 00:42:19,480
Speaker 1: seventy percent of Chinese millennials have achieved the milestone. In fact,

872
00:42:19,520 --> 00:42:22,120
Speaker 1: I just saw a statistic that some ninety percent of

873
00:42:22,120 --> 00:42:24,600
Speaker 1: people who live in a domicile in China are living

874
00:42:24,600 --> 00:42:27,759
Speaker 1: in something that was built after nineteen ninety. Flip that

875
00:42:27,800 --> 00:42:31,680
Speaker 1: around and think about that for America now rapidly developing economy,

876
00:42:31,760 --> 00:42:34,000
Speaker 1: it's a little bit different. We have legacy housing, stock,

877
00:42:34,200 --> 00:42:36,600
Speaker 1: et cetera. But the point being that the starter home

878
00:42:36,680 --> 00:42:39,880
Speaker 1: is alive and well in China. And compare that to

879
00:42:39,920 --> 00:42:42,400
Speaker 1: the stock market thing like I was talking about earlier.

880
00:42:42,600 --> 00:42:46,000
Speaker 1: So the actual building blocks of wealth or educate anything

881
00:42:46,040 --> 00:42:50,480
Speaker 1: in America is massively expensive, whereas all of the bullshit

882
00:42:50,920 --> 00:42:54,399
Speaker 1: is much much cheaper. So it's the inverse of like Midti,

883
00:42:54,719 --> 00:42:58,720
Speaker 1: of what you've become materially richer for, whereas over there

884
00:42:58,880 --> 00:43:01,400
Speaker 1: it's the opposite. You know, the stock market is flat.

885
00:43:01,480 --> 00:43:04,120
Speaker 1: Who cares you have it? You know, home, you can

886
00:43:04,120 --> 00:43:07,000
Speaker 1: get very cheap food. By the way, food delivery over

887
00:43:07,040 --> 00:43:09,000
Speaker 1: there doesn't have to be expensive. They got drone delivery

888
00:43:09,000 --> 00:43:14,040
Speaker 1: as cheap as hell. They've got you know, incredible public infrastructure.

889
00:43:14,480 --> 00:43:18,239
Speaker 1: They have no crime, and so people here are always like, oh,

890
00:43:18,280 --> 00:43:20,879
Speaker 1: the Chinese people yearn for democracy. I'm like, I don't

891
00:43:20,880 --> 00:43:22,919
Speaker 1: think so. I'm like, I think the system's working pretty

892
00:43:22,960 --> 00:43:25,359
Speaker 1: well over there. I mean, not if you're weaker or

893
00:43:25,440 --> 00:43:28,479
Speaker 1: Hong Kong democracy activists or any of that. But that's

894
00:43:28,520 --> 00:43:31,799
Speaker 1: the price that broadly they're willing to pay. And so

895
00:43:32,200 --> 00:43:34,000
Speaker 1: that's a lot of lessons I think for America, and

896
00:43:34,040 --> 00:43:35,439
Speaker 1: by the way, they have the coolest cars in the world.

897
00:43:35,600 --> 00:43:39,359
Speaker 1: That's it's true. It's true they do. I still need

898
00:43:39,360 --> 00:43:43,200
Speaker 1: to film my video soon to go drive some Chinese cars. Anyways,

899
00:43:45,840 --> 00:43:47,960
Speaker 1: let's move on to Epstein, shall we. Let's turn over

900
00:43:48,000 --> 00:43:50,200
Speaker 1: to the Epstein story. We've got a couple of new

901
00:43:50,280 --> 00:43:53,680
Speaker 1: updates here. We have Trump reiterating the Epstein files. It's

902
00:43:53,680 --> 00:43:56,279
Speaker 1: a Democratic hoax and it's total bullshit. Let's take a

903
00:43:56,320 --> 00:43:58,080
Speaker 1: lesson the two kids.

904
00:43:58,280 --> 00:43:59,240
Speaker 3: Very good.

905
00:44:00,120 --> 00:44:03,040
Speaker 2: That's gathering this evening to talk about how to respond

906
00:44:03,080 --> 00:44:04,120
Speaker 2: to the Epstein situation?

907
00:44:04,840 --> 00:44:06,960
Speaker 1: Is he working on what hosting.

908
00:44:06,560 --> 00:44:09,480
Speaker 2: Some kind of gathering of top advisors this evening to

909
00:44:09,560 --> 00:44:12,000
Speaker 2: talk about how to respond to the Epstein situation.

910
00:44:12,239 --> 00:44:12,640
Speaker 1: I don't know.

911
00:44:12,719 --> 00:44:14,000
Speaker 3: I could ask you that question.

912
00:44:15,120 --> 00:44:18,440
Speaker 1: I don't know of it, but I think here's the man, right.

913
00:44:18,520 --> 00:44:18,719
Speaker 4: Yeah.

914
00:44:18,760 --> 00:44:22,200
Speaker 5: I saw a report today and it's completely fake news.

915
00:44:22,280 --> 00:44:25,560
Speaker 2: We're not meaning to talk about the Epstein situation, and

916
00:44:25,880 --> 00:44:27,839
Speaker 2: I think the reporter who reported it needs to get

917
00:44:27,840 --> 00:44:28,480
Speaker 2: better sources.

918
00:44:30,040 --> 00:44:32,400
Speaker 3: The whole thing is a hoast is put out by

919
00:44:32,440 --> 00:44:34,640
Speaker 3: the Democrats because we've had the most.

920
00:44:34,400 --> 00:44:38,080
Speaker 2: Successful six months in the history of our country, and

921
00:44:38,120 --> 00:44:41,360
Speaker 2: that's just a way of trying to divert attention to

922
00:44:41,480 --> 00:44:43,640
Speaker 2: something that's total bullshit.

923
00:44:43,760 --> 00:44:46,680
Speaker 1: Total bullshit. That's his line of the Epstein files trying

924
00:44:46,719 --> 00:44:49,440
Speaker 1: to differ attention. Apparently that's the media and not the

925
00:44:49,480 --> 00:44:52,680
Speaker 1: actions of the Trump administration. Okay. That was also, by

926
00:44:52,680 --> 00:44:55,000
Speaker 1: the way, Jadie Vance was responding to a story which

927
00:44:55,000 --> 00:44:57,120
Speaker 1: we'll return to in a little bit, where there was

928
00:44:57,160 --> 00:44:59,440
Speaker 1: some story reported by CNN that they were going to

929
00:44:59,440 --> 00:45:02,880
Speaker 1: convene some grand Epstein meeting of the Principles to figure

930
00:45:02,920 --> 00:45:05,799
Speaker 1: out how they were going to handle it. But we

931
00:45:05,840 --> 00:45:09,440
Speaker 1: couldn't help but flag this from the Times of Israel.

932
00:45:09,600 --> 00:45:13,680
Speaker 1: Our friend Glenn Greenwald was able to find it. Let's

933
00:45:13,680 --> 00:45:15,279
Speaker 1: go and put this up there on the screen, shall we.

934
00:45:15,680 --> 00:45:19,279
Speaker 1: So here we have a rabbi is a blogger for

935
00:45:19,320 --> 00:45:23,600
Speaker 1: the Times of Israel. Joseph, how would you say that? Yenoski?

936
00:45:23,680 --> 00:45:25,560
Speaker 1: All right, we'll go with that. With that, Trump and

937
00:45:25,680 --> 00:45:30,440
Speaker 1: his administration criticized Natanyahu and Israel, he writes, quote, and

938
00:45:30,480 --> 00:45:33,600
Speaker 1: now the Epstein files are haunting him. For a long time,

939
00:45:33,680 --> 00:45:36,120
Speaker 1: the files had subsidized in the background, but they were

940
00:45:36,160 --> 00:45:38,280
Speaker 1: considered to be a much of a more threat to Trump.

941
00:45:38,520 --> 00:45:40,880
Speaker 1: All of a sudden, right after he started up with Israel.

942
00:45:41,000 --> 00:45:44,040
Speaker 1: The file surfaced, and they seemed to be overwhelming him,

943
00:45:44,400 --> 00:45:48,600
Speaker 1: he writes. He continues, now some old files are threatening him.

944
00:45:48,680 --> 00:45:52,600
Speaker 1: Perhaps Trump will realize that it really doesn't pay to

945
00:45:52,760 --> 00:45:57,480
Speaker 1: start up with Israel, because when by divine providence things

946
00:45:57,520 --> 00:46:01,160
Speaker 1: that were hidden become revealed, it enable people to correct

947
00:46:01,200 --> 00:46:04,600
Speaker 1: their mistakes and to endeavor to live their lives properly

948
00:46:04,840 --> 00:46:08,960
Speaker 1: the way God with a dash wants them to. Okay,

949
00:46:09,280 --> 00:46:13,200
Speaker 1: all right, let's listen. I mean I sometimes appreciate when

950
00:46:13,239 --> 00:46:15,839
Speaker 1: people say things out loud but incredible. All right, let's

951
00:46:15,880 --> 00:46:18,320
Speaker 1: give the caveat. It's a blogger in the Times of Israel.

952
00:46:18,440 --> 00:46:20,000
Speaker 1: I will say, I think it's crazy that they even

953
00:46:20,000 --> 00:46:22,640
Speaker 1: publish it, just to be fair, like, didn't even to

954
00:46:22,680 --> 00:46:25,399
Speaker 1: make that sort of accusation. What does he know? Well,

955
00:46:25,440 --> 00:46:27,840
Speaker 1: it fits with a broader pattern of evidence. I know

956
00:46:27,920 --> 00:46:31,040
Speaker 1: Ryan and Emily covered the photos from the Epstein story

957
00:46:31,080 --> 00:46:33,000
Speaker 1: from the New York Times a couple of days ago,

958
00:46:33,080 --> 00:46:35,239
Speaker 1: but there were some specific Israel connections in there that

959
00:46:35,280 --> 00:46:37,279
Speaker 1: I think are very important. Let's go and put this

960
00:46:37,520 --> 00:46:40,600
Speaker 1: next one, please, So this is from a you'd Barack,

961
00:46:40,920 --> 00:46:42,759
Speaker 1: former Prime Minister of Israel. I've talked a lot about

962
00:46:42,760 --> 00:46:44,920
Speaker 1: his relationship there with Epstein, flew on the jet a

963
00:46:44,960 --> 00:46:48,920
Speaker 1: number of times, stated Epstein's residence whenever he was photographed

964
00:46:48,960 --> 00:46:51,320
Speaker 1: going into the Epstein residence, tried to cover up his face.

965
00:46:51,560 --> 00:46:54,880
Speaker 1: Received millions of dollars from Epstein via the Wexner Foundation,

966
00:46:55,040 --> 00:46:58,320
Speaker 1: as well as an investment into his defense startup company

967
00:46:58,320 --> 00:47:02,920
Speaker 1: in twenty fifteen. Well, apparently Glaine or whatever Epstein's staff

968
00:47:03,280 --> 00:47:07,279
Speaker 1: always would compile these birthday messages to Jeffrey Epstein. So

969
00:47:07,320 --> 00:47:12,520
Speaker 1: here twenty sixteen. So you know, years after Epstein is

970
00:47:12,520 --> 00:47:15,759
Speaker 1: a registered sex offender. Here's what Aude Barack writes in

971
00:47:15,800 --> 00:47:19,000
Speaker 1: his birthday message to Epstein. Quote, there is no limit

972
00:47:19,080 --> 00:47:22,560
Speaker 1: to your curiosity. You are like a closed book to

973
00:47:22,719 --> 00:47:26,600
Speaker 1: many of them, but you know everything about everyone. I

974
00:47:26,600 --> 00:47:29,360
Speaker 1: would also be remiss if I didn't read this one

975
00:47:29,480 --> 00:47:33,600
Speaker 1: from Mortimer Zuckerman, one of the most powerful media figures.

976
00:47:33,920 --> 00:47:37,200
Speaker 1: He's who said quote suggested ingredients for a meal that

977
00:47:37,200 --> 00:47:39,920
Speaker 1: would refrect the culture of the mansion, A simple salad

978
00:47:39,960 --> 00:47:44,960
Speaker 1: and whatever else would enhance Jeffrey's sexual performance. Next, apparently,

979
00:47:45,960 --> 00:47:48,520
Speaker 1: let's go to the next one. Please be three. Well,

980
00:47:48,640 --> 00:47:53,680
Speaker 1: Epstein apparently had a preserved map of Israel signed by

981
00:47:53,760 --> 00:47:57,280
Speaker 1: Barack in his New York mansion. As I say here,

982
00:47:57,400 --> 00:48:00,640
Speaker 1: apparently there was also assigned Bill from Bill Gay. There

983
00:48:00,640 --> 00:48:04,120
Speaker 1: were literally visible cameras in the bedroom, a first edition

984
00:48:04,280 --> 00:48:07,920
Speaker 1: copy of Lolita, which has got to be one of

985
00:48:08,000 --> 00:48:10,759
Speaker 1: the creepiest things I've ever read, and then photos with

986
00:48:10,840 --> 00:48:13,839
Speaker 1: some of the richest and most powerful people. I would

987
00:48:13,920 --> 00:48:17,440
Speaker 1: be also remiss if I didn't flag. There were a

988
00:48:17,560 --> 00:48:19,920
Speaker 1: number of Israel firsters who were very mad at me

989
00:48:20,040 --> 00:48:23,080
Speaker 1: for flagging the fact that he had a map of Israel,

990
00:48:23,480 --> 00:48:25,440
Speaker 1: and they were like, why didn't you talk about his

991
00:48:25,520 --> 00:48:29,040
Speaker 1: pictures with MBS the Crown Prince of Saudi Arabia or

992
00:48:29,320 --> 00:48:31,920
Speaker 1: some of the powerful one of the powerful shakes in

993
00:48:31,960 --> 00:48:34,600
Speaker 1: the UAE. And I'm like, that's not the own that

994
00:48:34,640 --> 00:48:36,960
Speaker 1: you think it is, because what it does is confirm

995
00:48:37,040 --> 00:48:39,920
Speaker 1: the arms deal connections that I've talked about now and

996
00:48:40,040 --> 00:48:42,520
Speaker 1: why it makes him a most odd asset. So you're

997
00:48:42,560 --> 00:48:45,120
Speaker 1: actually approving my point. The fact that he had high

998
00:48:45,200 --> 00:48:48,200
Speaker 1: level connections to the Saudist proves my point that he

999
00:48:48,239 --> 00:48:51,400
Speaker 1: was connected to add non Koashogi, and that verifies that

1000
00:48:51,480 --> 00:48:55,360
Speaker 1: he was somebody who was dealing in shadowy arms trafficking

1001
00:48:55,400 --> 00:48:58,680
Speaker 1: networks and probably was involved in things like or at

1002
00:48:58,800 --> 00:49:02,160
Speaker 1: very least like tangentially knew the principal actors involved in

1003
00:49:02,160 --> 00:49:06,360
Speaker 1: Iran contra and in funneling weapons between Saudi Arabia and Israel.

1004
00:49:06,480 --> 00:49:09,080
Speaker 1: Oh sorry, that's right. So not the own that you

1005
00:49:09,120 --> 00:49:09,520
Speaker 1: think it is.

1006
00:49:09,600 --> 00:49:12,400
Speaker 2: Not Mentally, these people never go and check and see

1007
00:49:12,520 --> 00:49:15,160
Speaker 2: if you've criticized Saudi You're like, as if we don't

1008
00:49:15,200 --> 00:49:18,720
Speaker 2: criticize Si Arabia here, if you ever criticized like cutar

1009
00:49:19,080 --> 00:49:21,840
Speaker 2: you a like, go look at our coverage.

1010
00:49:21,480 --> 00:49:23,640
Speaker 3: And be relieved that. Don't worry.

1011
00:49:23,680 --> 00:49:26,600
Speaker 2: It's not only the Israelis that we criticize.

1012
00:49:26,160 --> 00:49:27,080
Speaker 3: But Sacer. Don't worry.

1013
00:49:27,239 --> 00:49:28,680
Speaker 2: We can put the next piece up on the screen.

1014
00:49:28,719 --> 00:49:32,080
Speaker 2: Because Glene Maxwell, in her Queen for a Day limited

1015
00:49:32,080 --> 00:49:35,280
Speaker 2: Immunity meeting, she says Trump did nothing wrong. Oh okay,

1016
00:49:35,520 --> 00:49:38,759
Speaker 2: and she is a very trustworthy source. And I'm sure

1017
00:49:38,800 --> 00:49:41,040
Speaker 2: not at all just telling the Trump administration what they

1018
00:49:41,040 --> 00:49:43,239
Speaker 2: want to hear so that she can get her you know,

1019
00:49:43,320 --> 00:49:46,239
Speaker 2: her move over to the club bed in Texas and

1020
00:49:46,400 --> 00:49:49,080
Speaker 2: potential pardon down the road. I'm sure that's not what's

1021
00:49:49,080 --> 00:49:51,280
Speaker 2: going on here at all. I mean, it's just insane

1022
00:49:51,280 --> 00:49:53,800
Speaker 2: that they actually think well, I shouldn't say that, because

1023
00:49:53,800 --> 00:49:56,520
Speaker 2: you know what a lot of Trump's biggest supporters will

1024
00:49:56,520 --> 00:49:58,799
Speaker 2: actually believe. Oh yeah, they will actually take this as

1025
00:49:58,840 --> 00:50:01,239
Speaker 2: a look. See the lan is that it's fine. They're

1026
00:50:01,280 --> 00:50:06,200
Speaker 2: reportedly considering releasing the transcripts from the interview so that

1027
00:50:06,239 --> 00:50:08,280
Speaker 2: they can try to exonerate Trump.

1028
00:50:08,480 --> 00:50:10,600
Speaker 1: I mean here, I would be for it no matter what.

1029
00:50:10,680 --> 00:50:13,280
Speaker 1: I still think we need transparent, sure in the case.

1030
00:50:13,320 --> 00:50:16,200
Speaker 1: But this is not I've said it before. This is

1031
00:50:16,200 --> 00:50:18,920
Speaker 1: why you need a special prosecutor behind the deeal so

1032
00:50:18,960 --> 00:50:22,960
Speaker 1: that there's no obvious political influence on what she is

1033
00:50:23,120 --> 00:50:25,400
Speaker 1: or is not saying. It may be true, but you know,

1034
00:50:25,440 --> 00:50:27,359
Speaker 1: why would anyone actually trust what she has to say

1035
00:50:27,360 --> 00:50:31,040
Speaker 1: when she's genuinely gambling for a pardon and is already

1036
00:50:31,080 --> 00:50:33,840
Speaker 1: receiving special treatment. By the way, do you know what

1037
00:50:33,840 --> 00:50:37,080
Speaker 1: the current strategy apparently is for how to launder all

1038
00:50:37,120 --> 00:50:39,680
Speaker 1: of this. It's not to actually release the Epstein files.

1039
00:50:40,080 --> 00:50:41,799
Speaker 1: It's this, let's go and put this next one. I

1040
00:50:41,840 --> 00:50:45,640
Speaker 1: love this. Senior Trump administration officials quote are reportedly looking

1041
00:50:45,719 --> 00:50:49,560
Speaker 1: at using Joe Rogan to help tackle the lingering fallout

1042
00:50:49,680 --> 00:50:53,400
Speaker 1: from the Epstein crisis. So they noticed that Joe said

1043
00:50:53,480 --> 00:50:55,840
Speaker 1: that the Epstein stuff was quote a line in the

1044
00:50:55,880 --> 00:50:58,960
Speaker 1: sand in terms of the way that they were in

1045
00:50:59,040 --> 00:51:00,640
Speaker 1: terms of the way that it was all being handled

1046
00:51:00,640 --> 00:51:03,320
Speaker 1: and covered up by the Trump administration. So their theory

1047
00:51:03,520 --> 00:51:06,360
Speaker 1: is to send the Deputy Attorney General on the show

1048
00:51:06,840 --> 00:51:09,520
Speaker 1: to go and basically talk about all of the handling.

1049
00:51:09,760 --> 00:51:13,239
Speaker 1: They would rather do that than release any of the

1050
00:51:13,320 --> 00:51:15,719
Speaker 1: Epstein files. Now, actually, I'm not so sure that Joe

1051
00:51:15,800 --> 00:51:18,400
Speaker 1: even have them on at this point without the release

1052
00:51:18,440 --> 00:51:20,359
Speaker 1: of the files, because the Cash Betel thing was such

1053
00:51:20,360 --> 00:51:22,719
Speaker 1: a disaster and he was like, I knew it was

1054
00:51:22,719 --> 00:51:24,719
Speaker 1: bullshit at the time. I didn't even really know what

1055
00:51:24,760 --> 00:51:26,839
Speaker 1: to say. And he's like, and the way that it's

1056
00:51:26,880 --> 00:51:29,479
Speaker 1: all handled afterwards, He's like, this is just the most

1057
00:51:29,800 --> 00:51:32,680
Speaker 1: insane shit that I've ever seen. So maybe in some ways,

1058
00:51:33,719 --> 00:51:37,080
Speaker 1: let's let's agree to this. Todd Blanche can go on.

1059
00:51:37,719 --> 00:51:41,760
Speaker 1: What bring on Dave Smith or somebody else, bring me up, coffees, anybody,

1060
00:51:41,760 --> 00:51:43,640
Speaker 1: all right, have somebody else on who knows something about

1061
00:51:43,680 --> 00:51:45,520
Speaker 1: the case. Let them sit across and be like, okay,

1062
00:51:45,600 --> 00:51:47,080
Speaker 1: let's talk, you know, let's go.

1063
00:51:47,239 --> 00:51:49,640
Speaker 2: Because as Cash was spinning his bullshit, I mean, it

1064
00:51:49,680 --> 00:51:53,480
Speaker 2: became an infamous moment was no doubt, and you could

1065
00:51:53,520 --> 00:51:57,799
Speaker 2: tell that Rogan was like, really, what after the fact

1066
00:51:57,840 --> 00:51:59,719
Speaker 2: he made this comment. Rogan made this comment that was like,

1067
00:51:59,719 --> 00:52:00,680
Speaker 2: what was I supposed to do?

1068
00:52:00,760 --> 00:52:01,279
Speaker 1: Push back?

1069
00:52:01,320 --> 00:52:03,680
Speaker 3: And it's like, well, yeah, you could do that, you

1070
00:52:03,719 --> 00:52:05,240
Speaker 3: could do that. When he's sitting there.

1071
00:52:05,160 --> 00:52:07,880
Speaker 1: He probably just this is it is such in the

1072
00:52:07,880 --> 00:52:10,320
Speaker 1: weeds that if you don't know, it's very easy to

1073
00:52:10,360 --> 00:52:12,400
Speaker 1: be bullshit it. And I mean this too from the

1074
00:52:12,480 --> 00:52:15,680
Speaker 1: FBI case and from the from the the way the

1075
00:52:15,719 --> 00:52:18,080
Speaker 1: FBI handles it. And I've done this before, you know,

1076
00:52:18,200 --> 00:52:20,239
Speaker 1: going back and forth with the people who are skeptics

1077
00:52:20,520 --> 00:52:23,359
Speaker 1: or others in general, they just don't know what they're

1078
00:52:23,400 --> 00:52:25,840
Speaker 1: talking about. I mean, no, I'm not demanding. I'm not

1079
00:52:25,920 --> 00:52:27,640
Speaker 1: I think you should have pushed back. I agree with you.

1080
00:52:27,760 --> 00:52:29,759
Speaker 2: Rogan has covered this like it's not like it's some

1081
00:52:29,840 --> 00:52:32,279
Speaker 2: side issue that he hasn't thought about before. He does

1082
00:52:32,360 --> 00:52:34,160
Speaker 2: know a lot of details with regard to this. So

1083
00:52:34,280 --> 00:52:37,080
Speaker 2: in any case, I don't know that having I don't

1084
00:52:37,120 --> 00:52:39,680
Speaker 2: know even if they have Todd blanche on with him, yes,

1085
00:52:39,840 --> 00:52:42,280
Speaker 2: and even if he doesn't bring in someone for backup,

1086
00:52:42,320 --> 00:52:44,200
Speaker 2: which I don't think they would agree to anyway. But

1087
00:52:44,280 --> 00:52:46,319
Speaker 2: even if he doesn't do that, like, I still don't

1088
00:52:46,360 --> 00:52:48,840
Speaker 2: know that that would go well for the Trump's administration

1089
00:52:49,000 --> 00:52:52,760
Speaker 2: at this point, because like, you've blown it, it's over.

1090
00:52:52,880 --> 00:52:54,880
Speaker 3: No one's going to trust you on this. It's done.

1091
00:52:55,040 --> 00:52:58,000
Speaker 2: People believe rightfully so that there's a cover up. I mean,

1092
00:52:58,000 --> 00:52:59,960
Speaker 2: we know the reporting his name was in the fight,

1093
00:53:00,960 --> 00:53:03,080
Speaker 2: his name was flagged in the files, his name was

1094
00:53:03,120 --> 00:53:06,040
Speaker 2: redacted from the files, like we know it was there,

1095
00:53:06,640 --> 00:53:09,160
Speaker 2: and know like, oh, well Kallainne Maxwell says that he's

1096
00:53:09,200 --> 00:53:13,719
Speaker 2: all clear. Is going to assuage those concerns at this point,

1097
00:53:13,840 --> 00:53:17,120
Speaker 2: like basically the ship is sailed, and probably politically their

1098
00:53:17,160 --> 00:53:19,319
Speaker 2: best move is to just try to stop talking about

1099
00:53:19,320 --> 00:53:19,960
Speaker 2: it and try to change this.

1100
00:53:19,960 --> 00:53:22,640
Speaker 1: Thus, oh absolutely, and then they already apparently believe that

1101
00:53:22,719 --> 00:53:26,279
Speaker 1: it's you know, it's quote dying down. I would not.

1102
00:53:27,000 --> 00:53:30,280
Speaker 1: This is where I really believe Republicans have a Twitter problem,

1103
00:53:30,640 --> 00:53:33,040
Speaker 1: because it used to be the left had of Twitter problem,

1104
00:53:33,120 --> 00:53:35,880
Speaker 1: right it was the echo chamber, and people thought that

1105
00:53:35,880 --> 00:53:38,840
Speaker 1: that was representative. I now think the opposite, where people

1106
00:53:39,000 --> 00:53:41,440
Speaker 1: spend way too much time on Twitter, which is I

1107
00:53:41,440 --> 00:53:45,160
Speaker 1: mean the algorithm and everything MAGA except obviously dominates on

1108
00:53:45,200 --> 00:53:47,360
Speaker 1: the platform. It's like, spend some time on some of

1109
00:53:47,400 --> 00:53:50,440
Speaker 1: the other social media platforms. All right, goa type in

1110
00:53:50,520 --> 00:53:53,719
Speaker 1: epstein on YouTube, which is way bigger than Twitter and

1111
00:53:53,800 --> 00:53:56,000
Speaker 1: used by billions of people. I can even show our

1112
00:53:56,120 --> 00:53:58,200
Speaker 1: I look at our demographics. A lot of the people

1113
00:53:58,239 --> 00:54:00,680
Speaker 1: who watch those videos, they're not foreigners, the Americans, so

1114
00:54:00,800 --> 00:54:02,880
Speaker 1: I know that there are citizens at the very least.

1115
00:54:03,040 --> 00:54:05,480
Speaker 1: And guess what, there's a lot interest in the story,

1116
00:54:05,680 --> 00:54:08,719
Speaker 1: not from me, not just from us, all over the internet,

1117
00:54:08,960 --> 00:54:13,360
Speaker 1: from Alex Jones to coffee Zilla to anybody else. I

1118
00:54:13,360 --> 00:54:15,719
Speaker 1: mean my episode with Tucker Carls. The only person who's

1119
00:54:15,719 --> 00:54:18,640
Speaker 1: beat me recently is Candice apparently, so you know, can't

1120
00:54:18,680 --> 00:54:21,839
Speaker 1: compete with the particular transvest Yeah, I gotta do a transvestigation.

1121
00:54:22,760 --> 00:54:24,759
Speaker 1: But I'm just saying, you know, if you look at

1122
00:54:24,760 --> 00:54:26,400
Speaker 1: the number of views and other things for people who

1123
00:54:26,400 --> 00:54:29,040
Speaker 1: are informed and are skeptical on the case, I'm talking

1124
00:54:29,360 --> 00:54:32,520
Speaker 1: literally millions, tens of millions if you count up just

1125
00:54:32,560 --> 00:54:35,360
Speaker 1: over the last couple of weeks. They recognize that in

1126
00:54:35,400 --> 00:54:38,640
Speaker 1: the election as supposedly you know, powerful and all of that,

1127
00:54:38,680 --> 00:54:41,200
Speaker 1: but now you know, they think it's dying down because

1128
00:54:41,239 --> 00:54:45,080
Speaker 1: they're maga activists or whatever on Twitter aren't talking about it. Listen, guys,

1129
00:54:45,080 --> 00:54:49,200
Speaker 1: that is not even one, you know, iota representative of reality.

1130
00:54:49,280 --> 00:54:51,439
Speaker 2: I don't know if they even really believe that either though,

1131
00:54:51,480 --> 00:54:53,840
Speaker 2: because I mean, to me, the fact I know you

1132
00:54:53,880 --> 00:54:58,000
Speaker 2: and Miyan did a great job covering like the jerrymandering story. Yeah,

1133
00:54:58,080 --> 00:55:00,600
Speaker 2: that represents a freak out of.

1134
00:55:00,480 --> 00:55:03,440
Speaker 3: Like, oh shit, we're good, like we're going to lose and.

1135
00:55:03,560 --> 00:55:06,080
Speaker 2: The Democrats are going to have some subpoena power and

1136
00:55:06,239 --> 00:55:08,719
Speaker 2: we could be hosts like this could be actually bad

1137
00:55:08,719 --> 00:55:10,640
Speaker 2: for us, because I don't think Trump like really cares

1138
00:55:10,640 --> 00:55:13,920
Speaker 2: about Republican control outside of how it like directly personally

1139
00:55:13,960 --> 00:55:17,880
Speaker 2: impacts him. But with this story and with Democrats like

1140
00:55:18,000 --> 00:55:21,359
Speaker 2: Rocana and others smelling blood in the water, yeah, this

1141
00:55:21,400 --> 00:55:23,759
Speaker 2: could be a real problem for him. So to me,

1142
00:55:24,000 --> 00:55:26,919
Speaker 2: that was them pulling the fire alarm of like, oh shit,

1143
00:55:27,400 --> 00:55:30,239
Speaker 2: how can we rig this election so that we don't

1144
00:55:30,320 --> 00:55:33,719
Speaker 2: end up with Democratic with a large Democratic majority that

1145
00:55:33,760 --> 00:55:37,560
Speaker 2: can basically do whatever they want, you know, in terms

1146
00:55:37,600 --> 00:55:41,839
Speaker 2: of like subpoena power, investigations, et cetera after the midterms.

1147
00:55:41,920 --> 00:55:44,799
Speaker 2: So I think they on some level do recognize that

1148
00:55:44,840 --> 00:55:46,040
Speaker 2: they are in big trouble with this.

1149
00:55:46,120 --> 00:55:47,400
Speaker 3: And then the other thing it assumes.

1150
00:55:47,719 --> 00:55:52,239
Speaker 2: It assumes is that there are no more revelations, which

1151
00:55:52,280 --> 00:55:54,959
Speaker 2: is a big assumption because the media also smells blood

1152
00:55:54,960 --> 00:55:58,040
Speaker 2: in the water, and you know, you may have whistleblowers

1153
00:55:58,040 --> 00:56:00,000
Speaker 2: inside of the federal government who are not too happy

1154
00:56:00,320 --> 00:56:03,600
Speaker 2: about the cover up that's being effectuated. You never know

1155
00:56:03,640 --> 00:56:05,799
Speaker 2: what's going to come out of the woodwork. So if

1156
00:56:05,840 --> 00:56:09,120
Speaker 2: you're assuming they're going to be no more revelations, we've

1157
00:56:09,120 --> 00:56:11,439
Speaker 2: got this under control. And then the other big question

1158
00:56:11,520 --> 00:56:14,200
Speaker 2: is what do they ultimately do with Glaine, because if

1159
00:56:14,200 --> 00:56:17,560
Speaker 2: they give her a pardon, I mean, that is so disgusting.

1160
00:56:17,719 --> 00:56:20,520
Speaker 2: I just can't even It's so disgusting. This is a

1161
00:56:20,800 --> 00:56:23,560
Speaker 2: horrific person. The fact even that she got this move

1162
00:56:23,800 --> 00:56:27,319
Speaker 2: to Club fed in Texas is disgusting. And apparently we

1163
00:56:27,320 --> 00:56:30,760
Speaker 2: could be six up on the screen here. NBC News

1164
00:56:31,200 --> 00:56:34,759
Speaker 2: saw some message from an EXBOP official who said that

1165
00:56:34,800 --> 00:56:37,040
Speaker 2: this move to this cushy prison camp is a quote,

1166
00:56:37,080 --> 00:56:41,080
Speaker 2: travesty of justice. One person wrote on the Bureau of

1167
00:56:41,120 --> 00:56:44,480
Speaker 2: Prison's Staff and Retirees Facebook page. Quote, as a retired

1168
00:56:44,520 --> 00:56:48,080
Speaker 2: BOP employee, this makes me sick since when our sex

1169
00:56:48,120 --> 00:56:50,759
Speaker 2: offenders allowed at the camp. Another roade, I don't care

1170
00:56:50,800 --> 00:56:53,440
Speaker 2: who she snitched on. She is a damn human trafficker.

1171
00:56:53,719 --> 00:56:56,200
Speaker 2: In the private Facebook book group, a member who identified

1172
00:56:56,239 --> 00:56:59,200
Speaker 2: themselves as a staffer at the Florida facility where Maxwell

1173
00:56:59,239 --> 00:57:01,239
Speaker 2: had been held, so that they weren't going to miss her.

1174
00:57:01,239 --> 00:57:03,440
Speaker 3: However, quote glad to be rid of her. She is

1175
00:57:03,480 --> 00:57:07,279
Speaker 3: an absolute pain in the act. But this is there.

1176
00:57:07,760 --> 00:57:10,440
Speaker 2: What they're pointing to here is sex offenders are not

1177
00:57:10,520 --> 00:57:12,280
Speaker 2: supposed to be period at.

1178
00:57:12,120 --> 00:57:13,400
Speaker 1: All federal prison camps.

1179
00:57:13,600 --> 00:57:16,880
Speaker 2: In the federal prison camps where it's I mean, listen,

1180
00:57:16,920 --> 00:57:19,720
Speaker 2: I'm sure being in prison sucks, even at the nice prison,

1181
00:57:19,880 --> 00:57:22,680
Speaker 2: but it's a much better deal. You can roam around

1182
00:57:22,720 --> 00:57:25,400
Speaker 2: the grounds. There's not like the giant you know, the

1183
00:57:25,400 --> 00:57:28,280
Speaker 2: barbed wire fences, like a lower fence. It's also much

1184
00:57:28,320 --> 00:57:31,160
Speaker 2: less secure, so if she wants to get out or

1185
00:57:31,160 --> 00:57:33,760
Speaker 2: someone wants to get at her, she's much more vulnerable

1186
00:57:33,880 --> 00:57:36,960
Speaker 2: and exposed. There's a lot more programs available, there's a

1187
00:57:37,000 --> 00:57:39,840
Speaker 2: lot more sort of autonomy that's offered. Elizabeth Holmes is there.

1188
00:57:39,880 --> 00:57:41,560
Speaker 2: I mean, this is like where you know, it's the

1189
00:57:41,560 --> 00:57:44,000
Speaker 2: type of place Martha Stewart would be sent to. You know,

1190
00:57:44,120 --> 00:57:48,320
Speaker 2: white collar type of criminals. That's who's typically there. Sex

1191
00:57:48,360 --> 00:57:51,760
Speaker 2: offenders are not supposed to be there. So I think

1192
00:57:51,760 --> 00:57:56,120
Speaker 2: the other possible political fallout is if Trump continues to

1193
00:57:56,240 --> 00:58:00,160
Speaker 2: cater to Glaine Maxwell and cater to her desire to

1194
00:58:00,200 --> 00:58:01,760
Speaker 2: get out of any prison at all.

1195
00:58:02,680 --> 00:58:04,600
Speaker 3: There will be political fallout from.

1196
00:58:04,400 --> 00:58:07,720
Speaker 2: That as well, because no one is buying that she's

1197
00:58:07,840 --> 00:58:10,360
Speaker 2: just exonerating him and there's nothing to see here. If

1198
00:58:10,360 --> 00:58:13,120
Speaker 2: he lets her out, if he gives her a pardon,

1199
00:58:13,240 --> 00:58:16,560
Speaker 2: or the government drops their opposition to her appeal at

1200
00:58:16,600 --> 00:58:20,120
Speaker 2: the Supreme Court and she is set free, everyone is

1201
00:58:20,160 --> 00:58:22,200
Speaker 2: going to conclude from that it's because she had the

1202
00:58:22,240 --> 00:58:24,560
Speaker 2: goods on him and he had to cut a deal

1203
00:58:24,840 --> 00:58:28,760
Speaker 2: to make sure that she stayed quiet. So, you know,

1204
00:58:29,440 --> 00:58:32,280
Speaker 2: I think if they are deluding themselves to believe that

1205
00:58:32,320 --> 00:58:35,439
Speaker 2: this is over, this is quieted down, that they've handled it. Yeah,

1206
00:58:35,480 --> 00:58:38,000
Speaker 2: it's not at the sort of existential fervor that it

1207
00:58:38,080 --> 00:58:40,600
Speaker 2: felt for a moment, but that could change on a

1208
00:58:40,640 --> 00:58:41,200
Speaker 2: dime like that.

1209
00:58:41,400 --> 00:58:43,080
Speaker 1: Yeap, I totally agree.