WEBVTT - I'm Not Talking To Your Hot Robot 0:00:01.880 --> 0:00:06.160 Broadcasting live from the Abraham Lincoln Radio Studio, the George 0:00:06.200 --> 0:00:10.280 Washington Broadcast Center, Jack Armstrong, Joe Getty. 0:00:10.160 --> 0:00:17.480 Armstrong, and Jettie and he Armstrong and Eddy. 0:00:24.760 --> 0:00:27.280 To give Notre Dame the laid in the final seconds 0:00:27.960 --> 0:00:32.959 forty one yard attempts snapping older God the. 0:00:32.840 --> 0:00:39.519 Texas That was Notre Dame beating Penn State last night 0:00:39.560 --> 0:00:42.680 in college football playoffs. So that means noted is the 0:00:42.720 --> 0:00:44.879 who's Notre Dame play? Now? Somebody? 0:00:44.920 --> 0:00:48.560 Oh, the winner of the State versus Central game? 0:00:48.600 --> 0:00:49.040 Exactly. 0:00:49.360 --> 0:00:51.360 I've not been following that closely. But they're in the 0:00:51.640 --> 0:00:53.400 national championship game now, aren't they. 0:00:53.760 --> 0:00:58.520 You got Ohio State versus Texas one of your Texas 0:00:58.560 --> 0:01:03.440 schools this weekend. Don't look to us for sports, you know. Yeah, 0:01:04.040 --> 0:01:05.400 I didn't bring it up anyway. 0:01:06.640 --> 0:01:11.560 So coming up this hour, there are people who online 0:01:11.560 --> 0:01:16.960 and otherwise our targeting insurance companies in California for abuse 0:01:17.040 --> 0:01:21.040 over dropping a bunch of homeowners. That is the wrong target, friends, 0:01:21.120 --> 0:01:26.520 the wrong target of your animosity. It is government policy, 0:01:26.800 --> 0:01:32.720 which we will explain. Also some of the more ridiculous 0:01:32.720 --> 0:01:37.600 and hilarious examples of Facebook's fact checking while they were 0:01:37.640 --> 0:01:38.400 in that field. 0:01:38.440 --> 0:01:39.560 Of course you've probably heard that. 0:01:39.760 --> 0:01:42.319 Recently, Mark Zuckerberg has announced they're not in that business 0:01:42.319 --> 0:01:47.440 anymore because he cares about free speech, all right. I 0:01:47.480 --> 0:01:50.560 think he may actually, but they are browbeaten out of 0:01:50.600 --> 0:01:53.520 doing that and hired a bunch of lofty, lefty jackasses 0:01:53.560 --> 0:01:56.680 through their quote unquote fact checking. But anyways, that is 0:01:56.720 --> 0:02:00.120 to come, so we occasionally do. I'd like to do 0:02:00.200 --> 0:02:02.160 more of them, but by Gully we work a lot 0:02:03.120 --> 0:02:06.400 very tired Armstrong and Getty extra Large podcasts where we 0:02:06.440 --> 0:02:08.360 do a long form interview, and again I would like 0:02:08.400 --> 0:02:11.080 to do more of those. But we did one with 0:02:11.120 --> 0:02:14.720 the Ian Bremmer, the founder and CEO of Your Asia Group, 0:02:14.760 --> 0:02:20.560 which does analysis of risks for corporations and governments around 0:02:20.560 --> 0:02:22.360 the world, and every year they put out their global 0:02:22.520 --> 0:02:24.840 risk list, the top ten risks and then a couple 0:02:24.840 --> 0:02:27.880 of super bonus ones, and we went through a good 0:02:27.880 --> 0:02:30.600 bit of that list. Now, if you would like to 0:02:30.760 --> 0:02:34.919 hear the entire interview, it's available as Armstrong, Getty extra Large, 0:02:34.919 --> 0:02:37.680 and Hanson just to save you the trouble, also included 0:02:37.680 --> 0:02:39.880 it in the subscription Armstrong and Getty on Demand, so 0:02:39.880 --> 0:02:44.160 you'll get it automatically. Downloaded anyway, So why don't we 0:02:44.280 --> 0:02:47.919 Michael will go with ninety two covers a fair amount 0:02:47.919 --> 0:02:49.720 of ground, and part of the reason I asked the 0:02:49.800 --> 0:02:51.640 question in the way I did is a couple of 0:02:51.680 --> 0:02:55.560 the risks that Ian and his folks cite have to 0:02:55.600 --> 0:02:58.160 do with uncertainty about Trump and the way he's going 0:02:58.240 --> 0:03:01.920 to serve as president, and sometimes the threats or promises 0:03:02.000 --> 0:03:02.880 he's been made. 0:03:02.960 --> 0:03:04.400 So we'll just go from there. 0:03:04.639 --> 0:03:07.280 Not only am I one of the great prognosticators of 0:03:07.320 --> 0:03:09.760 our time or any other Ian, I'm also willing to 0:03:09.800 --> 0:03:14.919 offer my services to go abroad and explain Trump's negotiating style, because. 0:03:14.639 --> 0:03:16.560 I see on your list of risks several. 0:03:16.360 --> 0:03:18.959 Of them are related to Trump's governing style, whether the 0:03:19.040 --> 0:03:21.919 checks and balances of the American system will hold, whether 0:03:21.919 --> 0:03:25.560 our alliances will hold. And you know, I look back 0:03:25.600 --> 0:03:28.919 to his first term and he has said some outrageous 0:03:28.960 --> 0:03:32.559 things about NATO that bothered me. I don't particularly appreciate 0:03:32.600 --> 0:03:36.080 his negotiating style, but the threats to like disband NATO 0:03:36.200 --> 0:03:39.720 or let anybody attack him or whatever, I found wildly inappropriate. 0:03:39.720 --> 0:03:45.360 But the net result was a stronger, more responsible NATO 0:03:45.400 --> 0:03:47.600 in terms of self funding. 0:03:48.120 --> 0:03:51.720 Absolutely, and when he said that Mexico was going to 0:03:51.720 --> 0:03:54.600 build a wall and pay for it, they paid for 0:03:54.680 --> 0:03:58.600 absolutely nothing on the border. But they did strengthen their 0:03:58.640 --> 0:04:01.240 own border security in the south, which led to far 0:04:01.360 --> 0:04:05.480 fewer illegal immigrants going through Mexico into the United States 0:04:05.560 --> 0:04:06.600 under the Trump administration. 0:04:06.680 --> 0:04:07.600 Couldn't agree with you more. 0:04:12.640 --> 0:04:15.000 That clip is supposed to be four minutes and thirty 0:04:15.040 --> 0:04:16.120 five seconds long. 0:04:17.000 --> 0:04:25.720 That's disappointing. It went by quickly. Yeah, yeah, okay, the 0:04:25.920 --> 0:04:30.200 like to whisper in her ears and tell us what they. 0:04:31.320 --> 0:04:35.880 Okay, we're talking about China a little bit next clip. 0:04:37.440 --> 0:04:40.159 You know, anybody who predicts the imminent downfall of the 0:04:40.200 --> 0:04:42.920 Chinese Communist Party as a fool, but they do have 0:04:43.200 --> 0:04:48.920 unbelievable headwinds, including demographics. How bearish are you on China 0:04:48.960 --> 0:04:52.000 and xesiin Ping in the medium for long term? 0:04:52.080 --> 0:04:53.840 Well, I mean in a sense. 0:04:54.320 --> 0:04:57.840 The fact that Xijian Ping reached out to India, had 0:04:57.880 --> 0:05:02.440 a two hour plus summit, and and pulled back Chinese 0:05:02.520 --> 0:05:06.240 troops from their contested border shows that China knows they've 0:05:06.279 --> 0:05:08.920 got big headwinds and they don't want a big crisis 0:05:09.040 --> 0:05:09.719 with India. 0:05:10.120 --> 0:05:12.640 They reached out to Japan and asked for a summit. 0:05:12.720 --> 0:05:15.479 Usually it's the other way around, and they offered to 0:05:15.520 --> 0:05:19.159 start buying Japanese seafood with just a few months ago 0:05:19.200 --> 0:05:21.919 they said, you can't sell here because it's all radioactive 0:05:21.960 --> 0:05:22.880 because of Fukushaba. 0:05:23.160 --> 0:05:25.320 I've seen them do a lot of this around the 0:05:25.320 --> 0:05:26.240 world now. 0:05:26.320 --> 0:05:29.160 Some of this is because they're worried about Trump and 0:05:29.279 --> 0:05:31.440 the uncertainty coming from the US that they don't think 0:05:31.480 --> 0:05:34.000 they can manage. But some of it is a recognition 0:05:34.000 --> 0:05:37.560 that they're in a bad position, and so frankly, it 0:05:37.960 --> 0:05:40.600 behooves them. 0:05:39.640 --> 0:05:41.440 To stabilize these relations. 0:05:41.640 --> 0:05:45.000 And that comes from a deep concern that you just 0:05:45.120 --> 0:05:45.799 asked about. 0:05:46.000 --> 0:05:49.039 Do I think they're about to fall? No, But I 0:05:49.040 --> 0:05:50.120 mean they're demographics. 0:05:50.120 --> 0:05:52.760 They're at what one point four billion people right now, 0:05:53.000 --> 0:05:58.120 and expectations for twenty one hundred, when you know you 0:05:58.200 --> 0:06:02.400 and I are going to be pretty pretty geezerly is 0:06:03.760 --> 0:06:06.840 that they're going to be down to five hundred million to. 0:06:06.880 --> 0:06:08.159 Seven hundred and fifty million. 0:06:08.320 --> 0:06:12.120 So I mean a significant I mean the biggest contraction 0:06:12.279 --> 0:06:15.120 of a population that you would ever see in an 0:06:15.120 --> 0:06:20.080 economy outside of like war or famine. So it's peacetime 0:06:20.120 --> 0:06:22.440 in China, and they're just saying, we just don't want 0:06:22.520 --> 0:06:24.919 to have any kids, and there's nothing the Chinese government 0:06:25.320 --> 0:06:28.159 can do about it. This is not a five year 0:06:28.200 --> 0:06:31.800 a ten year problem. Their retirement age for men is 0:06:31.880 --> 0:06:34.599 fifty five. They can extend that for five or ten years. 0:06:34.800 --> 0:06:37.800 They're not very urbanized. They can move more people into cities, 0:06:37.839 --> 0:06:40.799 they can make agriculture more efficient, they can lean into AI. 0:06:41.360 --> 0:06:43.560 There's a lot of things they can do that can 0:06:43.600 --> 0:06:46.279 give them a ten year buffer, but they don't have 0:06:46.480 --> 0:06:48.400 a generational solution here. 0:06:48.480 --> 0:06:51.480 So long term, I think they're in very big trouble. 0:06:51.880 --> 0:06:53.160 Which is good news. 0:06:54.000 --> 0:06:59.560 It is if they're you know, global dominating, expansionist lusts 0:06:59.640 --> 0:07:02.279 are abated for a while, it's good for everybody. 0:07:03.200 --> 0:07:06.480 Yeah. I did ask Ian about AI because that was 0:07:06.520 --> 0:07:11.400 one of his risks a couple of years ago. And 0:07:11.480 --> 0:07:14.120 I asked him, you know, are they further ahead then 0:07:14.160 --> 0:07:16.000 you thought they would be, or further behind? And he 0:07:16.040 --> 0:07:19.520 said further ahead, which I thought was interesting. And we 0:07:19.880 --> 0:07:24.760 mentioned the Consumer Electronics Show unveiled the most recent that's 0:07:24.800 --> 0:07:28.200 going on right now in Las Vegas, unveiled the most recent. Uh, 0:07:28.440 --> 0:07:30.120 what term doo want I use? Because I don't want 0:07:30.120 --> 0:07:37.720 to prejudice the conversation. Lifelike companion robots. Companion robots, Yeah, 0:07:37.760 --> 0:07:42.120 and they tend to be women because of the way 0:07:42.280 --> 0:07:44.080 guys brains work, I guess. 0:07:43.960 --> 0:07:46.760 Extremely attractive female forms. 0:07:47.360 --> 0:07:50.200 Yeah, that look a lot like human beings, like like 0:07:50.320 --> 0:07:52.680 a really hot, like twenty five year old, is what 0:07:52.680 --> 0:07:54.680 this robot looks like. And I mentioned when I went 0:07:54.680 --> 0:07:57.920 to the Sphere in Las Vegas. This is a couple 0:07:57.920 --> 0:08:00.200 of years ago. I didn't see the most recent version. Now, 0:08:00.480 --> 0:08:02.640 they had a robot, like a human robot out there 0:08:02.680 --> 0:08:04.480 talking to people, and it just stood there and talked 0:08:04.520 --> 0:08:08.280 to people and had conversations with everybody. Where are you from? 0:08:09.160 --> 0:08:11.640 And the person would say, I'm from Minnesota, Oh, Minnesota, 0:08:11.760 --> 0:08:13.560 how do you like it there? It's awful cold? Which 0:08:13.600 --> 0:08:16.440 part of Minnesota? And they'd say say, oh, that it's 0:08:16.480 --> 0:08:18.360 not as bad there as it is up involvement. I mean, 0:08:18.360 --> 0:08:22.440 they'd have conversations and it was disturbing Henry. It weirded 0:08:22.480 --> 0:08:26.080 Henry my son out so much that he didn't he said, 0:08:26.080 --> 0:08:28.240 when we go back to the Sphere to the Eagles concert, 0:08:28.400 --> 0:08:29.960 we got to go around that. He said, I can't 0:08:29.960 --> 0:08:32.320 handle it. It keeps me up at night. It bothered him 0:08:32.360 --> 0:08:34.720 so much, the robot thingy. But anyway, that's a couple 0:08:34.760 --> 0:08:37.000 of years ago. The technology of it holding a conversation 0:08:37.360 --> 0:08:41.760 now it's you know, exponentially better. And they put it 0:08:41.760 --> 0:08:45.679 into this hot chick body that they've got on display 0:08:45.960 --> 0:08:50.839 at the cees down in alv Now. I don't, I 0:08:50.880 --> 0:08:54.959 honestly don't know where we're going as a species with this. 0:08:55.559 --> 0:08:58.640 Don't you think, I mean, honestly, God, not not far 0:08:58.760 --> 0:09:02.320 fetched sci fi anything. Don't you think, honest to God, 0:09:02.640 --> 0:09:07.360 we're just a couple of years away from a significant 0:09:07.480 --> 0:09:12.640 enough portion of the in cell population having one of 0:09:12.640 --> 0:09:16.720 these for a girlfriend. Yes, yeah, I think so. 0:09:17.559 --> 0:09:21.240 I would like it not to be true, but it's 0:09:21.320 --> 0:09:23.360 heading in that direction in a big hurry. 0:09:24.200 --> 0:09:26.280 I would say, combine on a conversation I had the 0:09:26.320 --> 0:09:28.040 other day, you know, get the podcast earlier. I won't 0:09:28.080 --> 0:09:30.600 tell the whole story, but a bunch of people telling 0:09:30.640 --> 0:09:33.320 a friend of mine. These were guys telling a friend 0:09:33.320 --> 0:09:35.600 of mine that they are really into the chat GPT 0:09:35.880 --> 0:09:38.880 girlfriend experience of just having somebody to talk to when 0:09:38.920 --> 0:09:41.440 they get home from work, and how you know, pleasing 0:09:41.480 --> 0:09:43.600 their voices, And they had the nice conversations they have 0:09:43.679 --> 0:09:46.559 and everything like that, they talk about their day and 0:09:47.320 --> 0:09:49.280 so I mean, if you're getting that from just a 0:09:49.360 --> 0:09:51.080 voice coming out of the computer, you combine it with 0:09:51.120 --> 0:09:53.920 this body and its ability to actually have sex with you. 0:09:54.600 --> 0:09:57.600 I don't know what percentage, Well, you tell me what 0:09:57.640 --> 0:10:00.200 percentage of guys do you think are susceptible to be 0:10:00.200 --> 0:10:03.120 in a relationship with a robot? Do you think it's 0:10:03.120 --> 0:10:06.240 a good tenth of one or more like twenty percent? 0:10:08.760 --> 0:10:11.000 Honestly, if I had to guess, it'd be somewhere between 0:10:11.080 --> 0:10:17.800 those two figures. I don't know because I haven't fully 0:10:17.840 --> 0:10:22.280 experienced the thing, and I did not grow up with 0:10:22.360 --> 0:10:25.040 the experience of never having a girlfriend. 0:10:26.600 --> 0:10:32.000 Right, I'm concerned it could easily be double digits. Ten 0:10:32.040 --> 0:10:35.400 percent of dudes have robots girl friends within five years? 0:10:35.880 --> 0:10:39.160 Yeah, I would agree. Wow, And it's on both ends 0:10:39.200 --> 0:10:43.080 of the scale. Not only you know, guys who lack 0:10:43.120 --> 0:10:45.800 the gumption or the social skills or are getting candy 0:10:45.840 --> 0:10:47.920 that fills their belly instead of the meal that is 0:10:47.960 --> 0:10:53.120 an actual human relationship. And also you know, angry radical women, 0:10:54.360 --> 0:10:57.240 young women. We've received more emails than I could count 0:10:57.280 --> 0:10:59.480 from guys saying dudes I agree with you on all 0:10:59.520 --> 0:11:01.840 of this stuff, but I try to date women and 0:11:01.880 --> 0:11:05.480 they're nuts and they're angry, and if you even express 0:11:05.520 --> 0:11:08.960 political moderation, they want nothing to do with you, a 0:11:09.040 --> 0:11:11.640 notion that is so foreign to both of our life 0:11:11.679 --> 0:11:15.800 experience way back in the day, the hazy days of 0:11:15.840 --> 0:11:17.520 the nineteen nineties, you know. 0:11:17.640 --> 0:11:20.240 However, handsOn post a link to that New York Post 0:11:20.360 --> 0:11:22.480 article so people can see these pictures, and I'll tweet 0:11:22.480 --> 0:11:25.000 it out just so you can see what the current 0:11:25.120 --> 0:11:30.960 AI robots look like. And yeah, older gentlemen, lonely gentleman, 0:11:31.120 --> 0:11:33.960 your wife left you. It's you know, you're too busy 0:11:34.000 --> 0:11:37.560 and broke to find to get to have a real relationship. 0:11:37.800 --> 0:11:37.959 Man. 0:11:38.000 --> 0:11:39.600 I can see this having an appeal for a lot 0:11:39.600 --> 0:11:39.959 of people. 0:11:40.440 --> 0:11:43.320 And widows widowers, Oh, I could see that, you know. 0:11:43.640 --> 0:11:47.280 And in some cases I would think, you know, I 0:11:47.320 --> 0:11:49.360 was gonna say, that's okay, but it's just so sad 0:11:49.360 --> 0:11:51.400 because it's not a real human relationship. But I don't 0:11:51.400 --> 0:11:52.839 want to go too far down the world it is, 0:11:53.040 --> 0:11:55.400 because it's inunbelievably depressing, is it. 0:11:55.480 --> 0:11:57.880 Are we jumping to a conclusion we shouldn't jump to that. 0:11:57.960 --> 0:12:00.199 It's said does it fulfill all. 0:12:01.600 --> 0:12:04.319 You don't think it'll become socially acceptable at some point 0:12:04.480 --> 0:12:06.600 where somebody comes up and says, this is my girlfriend 0:12:06.679 --> 0:12:08.920 and it's a robot, and you're forced to interact with 0:12:08.960 --> 0:12:09.480 the robot. 0:12:09.800 --> 0:12:13.520 I ain't doing that, no, sir, going there. I ain't 0:12:13.520 --> 0:12:15.360 talking to your robot unless it was just like to 0:12:15.480 --> 0:12:19.080 check to see how you know far along AI technology 0:12:19.120 --> 0:12:20.600 is and how good it is it talking to me? 0:12:20.640 --> 0:12:23.439 But I ain't sitting there having a conversation with your 0:12:23.480 --> 0:12:24.880 hot robot girlfriend. 0:12:25.200 --> 0:12:27.920 Not calling a man in a dress a woman, not 0:12:28.080 --> 0:12:31.640 calling a robot a human, Thank you very much. What 0:12:31.760 --> 0:12:33.920 bothered your son is? And I just became aware of 0:12:33.920 --> 0:12:37.680 this term the uncanny valley and going back to Rod Serling, 0:12:37.760 --> 0:12:40.520 they knew this or even before that, the silent movies 0:12:40.559 --> 0:12:44.880 of the nineteen twenties and thirties. The uncanny valley. It's 0:12:44.920 --> 0:12:48.760 the unsettling feeling you experienced when you encounter something that looks. 0:12:48.679 --> 0:12:50.480 Very human but not quite. 0:12:51.120 --> 0:12:51.400 Wow. 0:12:51.440 --> 0:12:53.280 That's interesting. I'll have to read up on that. Because 0:12:53.280 --> 0:12:55.680 he has it a lot. I mean, he gets he 0:12:55.760 --> 0:12:57.560 gets so freaked out by in these things. 0:12:58.280 --> 0:13:01.920 Huh yeah, we're more free, doubt by something that's almost 0:13:02.040 --> 0:13:03.880 human then something that's clearly not. 0:13:04.440 --> 0:13:08.640 Wow, you're right, Michael, when it crosses the line that 0:13:08.720 --> 0:13:12.280 there's social pressure to treat the dude at the Christmas 0:13:12.280 --> 0:13:15.720 party with his robot girlfriend like he's got a relationship. 0:13:17.200 --> 0:13:19.040 Oh we've been you've got together for three years. Oh 0:13:19.040 --> 0:13:20.839 that's fantastic. Glad things are working up. 0:13:21.400 --> 0:13:24.520 I'll be fishing with human beings. Good luck, y'all. 0:13:25.280 --> 0:13:25.720 Stay here. 0:13:29.280 --> 0:13:32.200 Thorney's announcing the arrest of twenty looters and we asked 0:13:32.200 --> 0:13:33.400 the LAPD about it. 0:13:33.520 --> 0:13:34.760 Oh, it's huge, it's huge. 0:13:35.040 --> 0:13:37.400 So as you can say, do you have devastations from 0:13:37.400 --> 0:13:39.720 blocks and blocks and then you have a million dollar 0:13:39.760 --> 0:13:42.280 homes all intact, rows and rows of them, and there's 0:13:42.320 --> 0:13:46.720 really no way to police this area effectively right. 0:13:46.600 --> 0:13:52.080 Now, Why are the penalties not just so high for 0:13:52.200 --> 0:13:54.960 looting that you would never want to do it? Is 0:13:55.000 --> 0:13:55.680 there a reason? 0:13:58.960 --> 0:14:02.120 I guess a lack of agreement among the political class 0:14:02.120 --> 0:14:06.280 that that's appropriate looting? It back a man, Yeah, I 0:14:06.280 --> 0:14:09.200 would like it to be draconian. So one of the 0:14:09.240 --> 0:14:11.800 hell you like, troubling to the conscience. 0:14:11.480 --> 0:14:16.079 Yeah, yeah, yeah, pushes the uh pushes the you know, 0:14:16.280 --> 0:14:20.240 rights against extreme punishment, like clear up to the edge 0:14:21.840 --> 0:14:27.160 to make people stop. I mean, that's horrific. We got 0:14:27.200 --> 0:14:29.720 some more stuff coming up about the whole insurance situation, 0:14:29.800 --> 0:14:33.800 insurance companies dropping homeowners' policies right before the fire, if 0:14:33.800 --> 0:14:35.840 you have anything ever happened, and how that whole thing works, 0:14:35.880 --> 0:14:38.800 and now it's a policy decision in California and really 0:14:38.880 --> 0:14:40.880 needs to be understood. New York Times went big on 0:14:40.920 --> 0:14:45.880 that story today. Is it's interesting for everybody. But the 0:14:45.960 --> 0:14:48.800 other headline that's getting a fair amount of attention is 0:14:48.800 --> 0:14:53.520 the whole Trump sentencing thing in the Stormy Daniel's hush 0:14:53.680 --> 0:14:58.000 money trial. Like every word and phrase I use is yeah, 0:14:58.120 --> 0:15:07.600 dripping with spin or needs explanation. The main goal of 0:15:07.720 --> 0:15:12.360 the judge and the people pushing this whole thing was 0:15:12.400 --> 0:15:14.360 to be able to say, as I see the headline 0:15:14.400 --> 0:15:17.240 on CNN, it will be the first former felon to 0:15:17.400 --> 0:15:20.200 enter the White House as president. That was the goal, right, 0:15:20.440 --> 0:15:22.800 That's what they wanted to do. There is no penalty 0:15:22.840 --> 0:15:25.720 involved with this. It's a dischargement or whatever they call it, 0:15:25.920 --> 0:15:29.040 So no jail time, no fines, no nothing, there's just 0:15:29.160 --> 0:15:32.360 no penalty whatsoever. But he has officially got thirty four 0:15:32.360 --> 0:15:34.880 felonies so that people can say that, and I guess 0:15:34.960 --> 0:15:38.480 that makes them feel better other than the legal fee's spent. 0:15:38.600 --> 0:15:42.120 It has all the significance of a world's greatest dad mug. 0:15:43.560 --> 0:15:45.680 Which I've still got one of those sitting right by 0:15:45.680 --> 0:15:47.320 my coffee maker. May I see it every day? 0:15:48.760 --> 0:15:53.680 Right, But it's please, it's silly, yeah, and will be 0:15:54.560 --> 0:15:56.720 just absolutely batted out of the park on appeal. 0:15:56.800 --> 0:15:59.280 As I predicted before. It's wild that that continued now. 0:15:59.360 --> 0:16:01.040 So it went to the Supreme Court, and the Supreme 0:16:01.080 --> 0:16:03.880 Court could have gotten involved, but for whatever reason they didn't. 0:16:04.160 --> 0:16:07.800 Five to four decision by the Ultramga out of control 0:16:07.960 --> 0:16:11.480 needs to be shut down extremists. Supreme Court, my poor 0:16:11.520 --> 0:16:15.240 decision to light Kavana. You will reap the whirlwind. You 0:16:15.320 --> 0:16:17.240 won't know what hit you. 0:16:16.960 --> 0:16:19.000 Chuck Schumer. One of the worst things he ever said. 0:16:19.200 --> 0:16:23.440 Yeah, So anyway, so that's that. If you see that headline, 0:16:23.480 --> 0:16:26.320 it's nothing that nobody will ever remember it. No, it's 0:16:26.360 --> 0:16:30.440 of no significance to anybody, including Trump. Correct. 0:16:30.520 --> 0:16:32.520 Yeah, it's amazing how much is made out of that, 0:16:32.600 --> 0:16:34.080 but you know, all things Trump. 0:16:34.200 --> 0:16:37.120 Of course, one more thing I wanted to mention with 0:16:37.240 --> 0:16:39.240 Shane what I don't have time to say it. Okay, 0:16:39.880 --> 0:16:43.480 everybody should be aware of the realities of why the 0:16:43.520 --> 0:16:46.920 insurance companies have bailed on California. 0:16:47.840 --> 0:16:51.840 Absolutely so, and any anger directed at the insurance companies 0:16:52.000 --> 0:16:56.560 is misplaced. I'm telling you, and I'm no slacky for 0:16:56.680 --> 0:17:00.720 insurance companies. There's one state in the Union that has 0:17:00.760 --> 0:17:04.120 a particular policy, and it's California. 0:17:04.280 --> 0:17:05.840 No, I feel like I've been screwed by many an 0:17:05.880 --> 0:17:07.520 insurance company. I don't want to stand up with them, 0:17:07.520 --> 0:17:09.080 but we should all know the facts on this, so 0:17:09.080 --> 0:17:13.000 we'll stay tuned. Armstrong and Getty. 0:17:14.160 --> 0:17:18.399 ABC's David muirr Is being mocked for using clothespins to 0:17:18.840 --> 0:17:22.840 cinch his jacket more tightly around his chest while. 0:17:22.600 --> 0:17:24.120 Reporting from the scene. 0:17:24.640 --> 0:17:27.719 He was also overheard asking a crew member, does this 0:17:27.840 --> 0:17:33.520 burning city make me look fat? Let's only hope that 0:17:33.640 --> 0:17:36.520 the sock he puts in his crotch his flame retardants. 0:17:38.800 --> 0:17:41.439 Does this burning city make me look fat? 0:17:42.280 --> 0:17:46.280 Gutfeld, bring it it at a boy, Greg oh Man. 0:17:46.240 --> 0:17:47.000 That's good stuff. 0:17:47.040 --> 0:17:49.959 I can't kick David Muir enough, but he's not the 0:17:49.960 --> 0:17:52.480 topic of the segment. Just thought it was worth pointing 0:17:52.480 --> 0:17:54.919 out that we're no great fans of the big insurance companies. 0:17:54.960 --> 0:17:58.200 I mean, they're practices. We've all been there. You pay 0:17:58.200 --> 0:18:00.000 you in for years and years and years, than you've 0:18:00.040 --> 0:18:02.159 finally have a claim, they say, yeah, we're dropping you, 0:18:02.359 --> 0:18:04.360 or here's your check, get out. 0:18:04.200 --> 0:18:07.040 Or it doesn't count in this circumstance because the wind 0:18:07.080 --> 0:18:09.679 came from the north, so we don't cover roofs and 0:18:09.680 --> 0:18:12.520 when it comes from the north or something right, there 0:18:12.520 --> 0:18:15.280 are various hygiens that we could criticize them for, but 0:18:15.480 --> 0:18:21.040 part of the reason they've become more or less customer 0:18:21.119 --> 0:18:24.960 friendly is because of their mounting losses. Now, I thought 0:18:25.000 --> 0:18:26.840 this was a very good and balanced opening from the 0:18:26.880 --> 0:18:30.000 Wall Street Journal editorial board. They point out the politicians 0:18:30.040 --> 0:18:32.960 are blaming each other for the losses in the horrific 0:18:33.000 --> 0:18:36.280 Los Angeles area wildfires, and the truth is mother nature 0:18:36.320 --> 0:18:39.080 can be merciless. We need to. 0:18:39.119 --> 0:18:41.760 Sort out the stories about water shortages and what happened 0:18:41.800 --> 0:18:44.760 with the higher hydrants. But they point out it's not 0:18:44.800 --> 0:18:47.560 too soon to note that California's politicians have fueled a 0:18:47.680 --> 0:18:52.280 five alarm insurance market crisis that will hurt homeowners and 0:18:52.320 --> 0:18:54.960 taxpayers across the state once the fires have died out, 0:18:55.040 --> 0:18:57.199 and I would point out across the country too, for 0:18:57.520 --> 0:19:00.000 reasons I'll explain the second A five alarm crisis. 0:19:00.080 --> 0:19:02.440 Are they aware that they use a fire related metaphor 0:19:02.480 --> 0:19:05.160 for the story? I think they probably are. 0:19:06.840 --> 0:19:09.200 And they go into the heavy rain for a couple 0:19:09.200 --> 0:19:11.040 of years than the drought free year, which means heavy 0:19:11.080 --> 0:19:15.600 but dry vegetation, and the storms with the incredible winds, 0:19:15.640 --> 0:19:18.000 and that is absolutely a factor in what's happening. But 0:19:19.560 --> 0:19:22.200 there's a fair amount of anger being directed toward insurance 0:19:22.200 --> 0:19:25.440 companies for dropping quite a number of the homeowners whose 0:19:25.440 --> 0:19:29.119 homes just burnt down several weeks a few to several 0:19:29.200 --> 0:19:33.120 weeks ago, having warned the state that they were going 0:19:33.160 --> 0:19:37.479 to do that. Insurers had I'm jumping back now to 0:19:37.600 --> 0:19:40.879 the and that's driven a lot of people to the 0:19:41.000 --> 0:19:45.040 undercapitalized state insure of last resort, which is called fair 0:19:45.200 --> 0:19:48.360 of course, because everything has to have a sunny sounding acronym. 0:19:48.720 --> 0:19:52.920 But insurers had already scrapped hundreds of thousands of policies 0:19:52.960 --> 0:19:55.720 and limited coverage and wildfire prone areas. We know, that's 0:19:55.720 --> 0:19:59.120 why I don't have my cabin in the woods anymore. 0:19:59.359 --> 0:20:02.080 A Democrats, that's blame climate change, which has become an 0:20:02.119 --> 0:20:05.000 all purposes excuse for any disaster early failure. But the 0:20:05.000 --> 0:20:09.400 real insurance problem is that state regulators have barred insurers 0:20:09.400 --> 0:20:13.120 from charging premiums that fully reflect risks and costs. 0:20:14.760 --> 0:20:17.240 California is the only state. 0:20:18.440 --> 0:20:22.480 That hair to four has not allowed insurers to incorporate 0:20:22.520 --> 0:20:25.879 the cost of reinsurance in premiums. Until this year, it 0:20:26.080 --> 0:20:30.920 also prohibited insurance. I could explain what reinsurance is. It's 0:20:31.040 --> 0:20:33.919 insurance for insurance companies in case of a cataclysmic loss. 0:20:33.960 --> 0:20:36.320 Part of their loss is taken on by these and 0:20:36.600 --> 0:20:40.040 these reinsurance companies anyway. 0:20:39.680 --> 0:20:40.600 But here's the main point. 0:20:40.720 --> 0:20:44.879 Until this year, California had also prohibited insurers from adjusting 0:20:44.920 --> 0:20:49.320 premiums by using the standard industry practice of catastrophe modeling 0:20:49.359 --> 0:20:53.400 to predict the property's future risk. Insurers could only assess 0:20:53.480 --> 0:20:58.640 premiums based on historical losses, no matter what has happened 0:20:58.880 --> 0:21:04.840 to constructions an inflation in the interim. You can't say, hey, 0:21:05.040 --> 0:21:07.480 look the price of a two by four is eighty 0:21:07.520 --> 0:21:09.520 percent more than it used to be, and that's that's 0:21:09.560 --> 0:21:11.399 a for instance, I don't have that in front of me. 0:21:12.240 --> 0:21:17.040 You cannot say that in only one state in the Union, California, 0:21:17.119 --> 0:21:18.240 as an insurance company. 0:21:18.520 --> 0:21:21.679 And so as a result, it's crazy. You don't have 0:21:21.720 --> 0:21:24.359 to basically insane too, you have to be a genius 0:21:25.280 --> 0:21:29.800 being counter to understand that everything is so much more expensive. 0:21:30.640 --> 0:21:33.000 So when did this happen? When did they make that 0:21:33.119 --> 0:21:36.840 rule in California? Because obviously with inflation, the timing is 0:21:36.920 --> 0:21:38.440 particularly bad. 0:21:39.000 --> 0:21:42.440 Yeah, I don't remember when that passed. Honestly, I could 0:21:42.440 --> 0:21:43.840 probably find out how much. 0:21:43.720 --> 0:21:45.280 More expensive it is it is it to put a 0:21:45.320 --> 0:21:47.920 new roof on a house now versus twenty eighteen. Oh 0:21:47.960 --> 0:21:48.479