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Speaker 1: Hey, guys, ready or not, twenty twenty four is here,

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Speaker 1: and we here at Breaking Points, are already thinking of

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Speaker 1: ways we can up our game for this critical election.

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Speaker 1: We rely on our premium subs to expand coverage, upgrade

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Speaker 1: the studio ad staff give you, guys, the best independent

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Speaker 1: coverage that is possible. If you like what we're all about,

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Speaker 1: it means the absolute world to have your support. What

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Speaker 1: are you waiting for? Become a premium subscriber today at

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Speaker 1: Breakingpoints dot com. Good morning, everybody, Happy Monday. We have

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Speaker 1: an amazing show for everybody today. Or do we have crystal? Indeed,

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Speaker 1: we do lots of big breaking news this morning. Elon

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Speaker 1: Musk may have just sort of ousted himself as Twitter's

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Speaker 1: CEO results of a poll. We will get into all

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Speaker 1: of that after a bunch of other machinations and bannings

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Speaker 1: and rule changes and all kinds of chaos has been

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Speaker 1: playing out over at Twitter, so we'll get to all

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Speaker 1: of that. We also have new Twitter files detailing some

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Speaker 1: of the coordination between the Deep State and Twitter under

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Speaker 1: the old regime. We also have new news regarding cresin Cinema.

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Speaker 1: She of course, is no longer a Democrat. And she

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Speaker 1: is failing to run for Senate as an independent, putting

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Speaker 1: Democrats in quite a bind for this next election cycle. Also,

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Speaker 1: a little update for you on the whole Trump NFT

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Speaker 1: sale that people have been very interested in. Apparently they

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Speaker 1: sold down, so there was a market forum. Whether we

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Speaker 1: thought it was ridiculous or not. It is what it is.

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Speaker 1: It is what it is. Saery is going to dig

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Speaker 1: into the latest with regards to Alien Life. I am

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Speaker 1: going to dig into the latest with regards to finance.

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Speaker 1: But before we get to any of that live show show,

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Speaker 1: put it up there on the screen. Austin, Texas Paramount

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Speaker 1: Theater Friday, February third. We will be there, Crystal Saga

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Speaker 1: and friends. We're going to do some fun stuff while

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Speaker 1: we're down in Austin, So go ahead and buy your tickets.

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Speaker 1: I think you guys will all be in for a

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Speaker 1: very interesting and special night and treat. So I think

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Speaker 1: it will be a great time. It's going to be

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Speaker 1: the life one I think for quite a while. Go

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Speaker 1: and buy your tickets if you've been on the fence,

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Speaker 1: or buy it for a friend for a gift. As

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Speaker 1: you said, it's great Christmas press guys. I would also

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Speaker 1: not be remissed. We have a gift subscription going on

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Speaker 1: right now on our website breakingpoints dot com. You can

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Speaker 1: gift a subscription a premium subscription to any friend or

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Speaker 1: family member. I've actually heard of some people who share

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Speaker 1: it and buy it for their parents. They watch the

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Speaker 1: show together and they kind of talk about what they

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Speaker 1: agree and disagree on, which is kind of a fun

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Speaker 1: like family bonding experience. Not sure I would do it,

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Speaker 1: but to each their own, that's something that you should

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Speaker 1: consider if the show means something to new So my

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Speaker 1: dad has been retired for a while, my mom just

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Speaker 1: retired this year, and now they both have started religiously

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Speaker 1: watching the show. Oh, I'm honestly not sure how I

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Speaker 1: feel about it. Yeah, I don't know this bus, yeah exactly. Anyway,

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Speaker 1: let's get to the big news to start this morning.

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Speaker 1: Yesterday evening around six pm, Elon Musk tweeted out this poll.

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Speaker 1: Let's put it up on the screen. Should I step

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Speaker 1: down as head of Twitter? I will abide by the

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Speaker 1: results of this poll. Very conveniently for us recording this

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Speaker 1: show at eight am, it was a twelve hour pole,

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Speaker 1: so we have the official results, and yes, he should

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Speaker 1: step down. One fairly handily fifty seven point five percent

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Speaker 1: of the vote. To No was at two point five

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Speaker 1: percent of the vote. Seventeen point five million people voted. So,

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Speaker 1: assuming he does actually abide by the results of this poll,

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Speaker 1: which he claims that he will ultimately do, the tenure

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Speaker 1: of Elon Musk as head of Twitter may be coming

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Speaker 1: to an end. Which is all very interesting. There's a

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Speaker 1: lot more to say about that. Let me give you

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Speaker 1: some of the contexts in the backstory of how we

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Speaker 1: got to this point, because over the weekend there were

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Speaker 1: a flurry of rule changes and journalists who were banned

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Speaker 1: and journalists who were brought back, and all sorts of

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Speaker 1: things that were going on there. One of the big ones,

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Speaker 1: let's go ahead and put this up on the screen,

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Speaker 1: that caused a real kerfuffle. Let's say, Support out of

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Speaker 1: Nowhere tweeted this out. We recognize that many of our

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Speaker 1: users are active on other social media platforms. However, we

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Speaker 1: will no longer allow free promotion of certain social media

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Speaker 1: platforms on Twitter. Specifically, they say we will remove accounts

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Speaker 1: created solely for the purpose of promoting other social platforms

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Speaker 1: and content content that contains links or usernames for the

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Speaker 1: following platforms, Facebook, Instagram, mastadon true social tribal noster. Is

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Speaker 1: that how you say that no st I don't know

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Speaker 1: and post? They say, we will still allow cross posting

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Speaker 1: content from any social media platform. Posting links or usernames

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Speaker 1: to social media platforms not listed above are also not

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Speaker 1: in violation of this policy. We have a screenshot of

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Speaker 1: the official policy that they laid out on their website

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Speaker 1: providing some of the details. I mean, frankly, well, first

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Speaker 1: of all, this is an insane overreach to start with,

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Speaker 1: but second of all is really confusing because they're like,

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Speaker 1: you can't post links to other side, but also you

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Speaker 1: can cross post links. The list of the sites that

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Speaker 1: they were banning was extremely narrow and very random. Let's

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Speaker 1: go ahead, put that next piece up on the screen.

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Speaker 1: So you've got a ban on linking out to linktree,

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Speaker 1: to Facebook, to Instagram, to Mastodon, to post and others.

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Speaker 1: But other things like TikTok, rumble getter, gab were not banned.

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Speaker 1: YouTube also notably for US that was not banned. And

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Speaker 1: you know, I mean, this is quite a far reaching policy.

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Speaker 1: How many people on Twitter have their various links in

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Speaker 1: their bio, I mean a very common thing, right, So

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Speaker 1: it's very heavy handed approach, and clearly because you have

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Speaker 1: a lot of people now saying like, hey, I'm leaving Twitter,

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Speaker 1: come follow me on mastadon no accident that those types

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Speaker 1: of sites were the ones that were listed in banned

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Speaker 1: and the other ones were not. And then yet this morning,

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Speaker 1: what do we wake up to Crystal Overnight they have

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Speaker 1: decided to reverse that policy entirely. So we had a

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Speaker 1: lot of commentary, and I had a whole spiel why

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Speaker 1: the open Internet is good and why I'm a supporter

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Speaker 1: of open protocols and RSS. And now it's no longer

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Speaker 1: even the policy on Twitter itself, what is it? Who knows?

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Speaker 1: Stay tuned. I guess as they say, well, since I

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Speaker 1: was waiting for the hammer to drop of, I mean,

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Speaker 1: millions of accounts would be banned on policy because again,

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Speaker 1: like I said, it's so common to put in your profile, Hey,

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Speaker 1: here's my Instagram, here's my link tree with all of

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Speaker 1: my various links, and a couple things happened on Twitter.

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Speaker 1: Elon actually tweeted out, going forward, there will be a

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Speaker 1: vote for major policy changes. My apologies won't happen again.

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Speaker 1: A lot of people thought this was in reference to

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Speaker 1: this policy, though he didn't specify. He was also going

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Speaker 1: back and forth with a right wing I think YouTuber

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Speaker 1: who was like, hey, in a very friendly way, like, hey,

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Speaker 1: just a heads up. You know, I include all my

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Speaker 1: links posted here to promote my small business and other

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Speaker 1: things that I'm doing. This seems like this policy is

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Speaker 1: going to be a problem, and Elon was interacting with

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Speaker 1: and engaging in that in a you know, sort of

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Speaker 1: positor what it was like, Oh, that's a good point,

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Speaker 1: thanks for letting me know. So the other piece is

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Speaker 1: that it was very likely that European regulators like this

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Speaker 1: would be illegal under their sort of like anti competitive regulation,

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Speaker 1: so that may have been a problem here as well.

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Speaker 1: I completely agree. Mister Beast is one of those as

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Speaker 1: well who came out and said he's like, this is

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Speaker 1: a ridiculous policy. He was like, if you're going to

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Speaker 1: put policies in like this, I think you should step

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Speaker 1: down as CEO. So to have, you know, probably the

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Speaker 1: largest YouTube creator speak out against him. Has he been

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Speaker 1: an Elon supporter? I have no idea. I mean I

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Speaker 1: think he's been like enjoying the fun. Yeah, it is

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Speaker 1: one way to put it. Yeah, in terms of who

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Speaker 1: Elon gets to run it, we simply have no idea.

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Speaker 1: He also tweeted those who want power are the ones

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Speaker 1: who least deserve it, and be careful or He's like,

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Speaker 1: as the saying goes, be careful what you wish, as

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Speaker 1: you might get it. Somebody says he must have the

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Speaker 1: CEO picked out already. Elon says no one wants the job.

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Speaker 1: Who can actually keep Twitter alive? There is no successor.

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Speaker 1: When podcaster Alex Redman offered to take the job, he said, quote,

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Speaker 1: you must like pain a lot. One catch. You have

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Speaker 1: to invest your life savings in Twitter. It has been

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Speaker 1: in the fast lane to bankruptcy since May. Do you

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Speaker 1: still want the job? Which could explain also some of

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Speaker 1: the major stock cells that Elon has been doing. He's

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Speaker 1: sold nearly three point five billion dollars in Tesla stock,

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Speaker 1: not at a favorable price. By the way, The overall

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Speaker 1: stock is fifty seven percent down on the year. This

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Speaker 1: is something you and I were talking about before the show.

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Speaker 1: But I do think is an important corollary to all

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Speaker 1: of this, which is what is the impetus. It could

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Speaker 1: be the chaos. I really think it is the reputational

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Speaker 1: damage that's happening to the Tesla brand. It's the vast

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Speaker 1: majority of his net worth fifty seven percent down over

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Speaker 1: the year. He's been blaming macroeconomic conditions, but that doesn't

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Speaker 1: account for such a precipitous drop. The other automakers are

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Speaker 1: not seeing a similar drop, especially when you compare to

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Speaker 1: other automakers, and Tesla has far better fundamentals than the

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Speaker 1: other automakers. They have much longer demand. Obviously, they have

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Speaker 1: controlled supply. They don't have any sort of increasing cost.

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Speaker 1: So what would explain that is purely reputational. Second, is

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Speaker 1: the actual Q score quote unquote of like how people

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Speaker 1: feel about Elon and Tesla specifically turn negative. Yeah, for

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Speaker 1: the very first time. Tesla was one of the most

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Speaker 1: beloved brands in the United States up until the Elon

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Speaker 1: acquisition of Twitter. So I think that the macro problems

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Speaker 1: that this is having both on his wealth and really

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Speaker 1: on the major company that one he probably would be

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Speaker 1: most like, when he dies, what's it going to say,

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Speaker 1: like Tesla, what's his legacy? Yeah, it's going to be

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Speaker 1: Elon Musk. There were a few investors who had before

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Speaker 1: all of this started chirping and chiming in on Twitter

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Speaker 1: being like, I really want Elon to stop doing this.

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Speaker 1: I want him to focus on Tesla. So there's clearly

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Speaker 1: some upset there. At the same time, by the way,

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Speaker 1: let me just put this piece up there, there was

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Speaker 1: another rule change that he announced just as contact leading

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Speaker 1: up to this poll over whether he should stay or not.

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Speaker 1: He said Twitter will start incorporating mute and block signals

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Speaker 1: from blue verified not legacy blue as down votes. I mean,

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Speaker 1: it's sort of opaque exactly what that means. But what

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Speaker 1: people were taking this as is basically the people who

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Speaker 1: pay for the eight dollar check marks, which by the way,

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Speaker 1: are likely to be a sort of Elon leaning group. Ideologically,

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Speaker 1: anytime they mute or block someone, that is going to

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Speaker 1: be taken into account over whether or not that person's

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Speaker 1: tweets show up algorithmically. So it was a way of

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Speaker 1: sort of it was another suppression regime that he's instituting

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Speaker 1: here with kind of his allies that are willing to

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Speaker 1: pay for the eight dollar check mark. So another move

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Speaker 1: that is the antithesis of free speech ultimately. So that's

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Speaker 1: a backdrop. And then Sagar, you were talking about the

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Speaker 1: sort of financial pieces of this, which I think are

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Speaker 1: probably the most important part of the story of how

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Speaker 1: we end up with Elon putting out this poll, which

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Speaker 1: I pretty likely knew what the results were ultimately going

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Speaker 1: to be. It's a way for him to remove himself

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Speaker 1: but save a little bit of face and pretend like

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Speaker 1: he's just listening to the wisdom of the crowd by

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Speaker 1: putting the poll out there. We had gotten word before

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Speaker 1: this that he is seeking new investors in Twitter. Let's

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Speaker 1: go and put this up on the screen. This relates

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Speaker 1: to what you were saying in his response to Lex

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Speaker 1: Friedman about how Twitter was on its way to bankruptcy,

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Speaker 1: since may you know they are in a real potential

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Speaker 1: cash crunch because they took on a lot of debt

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Speaker 1: thirteen billion dollars I think in debt when Musk purchased Twitter,

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Speaker 1: and that means they're just to service the interest on

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Speaker 1: that debt is a billion dollars every year. That's more

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Speaker 1: than Twitter was pulling in before the Elon era. And

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Speaker 1: of course we know in the Elon era some certain

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Speaker 1: percentage of advertisers have fled. So what they say in

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Speaker 1: this piece is that he's seeking new Twitter investors at

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Speaker 1: the same price he paid. He has been open, and

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Speaker 1: I think everyone acknowledges that he wildly overpaid for Twitter,

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Speaker 1: So the idea he's going to be able to easily

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Speaker 1: find these investors is a little bit far fetched. Semaphore

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Speaker 1: originally reported this they got a hold of a pitch

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Speaker 1: document announcing the new investment opportunity. It's described as a

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Speaker 1: follow on equity offering for commoners at the original price

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Speaker 1: and term. And he is, as you pointed out Soger,

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Speaker 1: also looking more financially strapped himself. Now listen, I mean

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Speaker 1: Elon must still has billions and millions of dollars. He's

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Speaker 1: just fine. But he did just sell another three point

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Speaker 1: six billion dollars worth of Tesla shares on Wednesday, presume

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Speaker 1: and believe they say to put more equity into Twitter

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Speaker 1: to lower it's debt burden. It was the third time

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Speaker 1: he sold Tesla stock since he said in April that

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Speaker 1: he was done. And there's one other piece of this

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Speaker 1: that is interesting. Let's go and put this photo up

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Speaker 1: on the screen. So Elon actually tweeted out his own

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Speaker 1: quote unquote assassination coordinates. He was at the World Cup

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Speaker 1: in Qatar, and there's a photo here of him with

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Speaker 1: Jared Kushner and a bunch of Chollie Katari's Amati's people

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Speaker 1: from the region in the you know, the fancy seats

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Speaker 1: at the World Cup. And there was some speculation over

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Speaker 1: whether this was just a visit to enjoy the World Cup, which,

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Speaker 1: by the way, that game was unbelievable and super fun

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Speaker 1: and exciting to watch, or whether he was trying to

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Speaker 1: pull in some additional investment dollars. And I think the

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Speaker 1: presence of Jared Kushner there adds credence to the idea

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Speaker 1: that this was more of a fundraising trip than a

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Speaker 1: pleasure trip. It's possible the Guitar has had an initial

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Speaker 1: stake in Twitter, the Saudi's, also the Amorantis as well.

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Speaker 1: I still really believe that a lot of this has

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Speaker 1: to do with Tesla. It's also possible with the Tesla

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Speaker 1: board and many other Remember, Tesla's a publicly traded company,

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Speaker 1: so they have all those sorts of shareholder things that

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Speaker 1: they have to abide by. It's very possible that the

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Speaker 1: board may have given him some sort of directive not

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Speaker 1: outside the Roman possibility, given the stock and especially the

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Speaker 1: fact that he's dedicating a tremendous amount of his time

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Speaker 1: and burning the stock of one company based upon a

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Speaker 1: private holding of his own. This isn't like Tesla and SpaceX,

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Speaker 1: which in a lot of ways are complimentary to each other.

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Speaker 1: You know, one brand enhances the other brand. This is

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Speaker 1: actually a direct drag and also not any financial gain whatsoever. Also,

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Speaker 1: I think this conversation is important because a lot of

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Speaker 1: this belies any of the debates around quote dosing, free speech, etc.

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Speaker 1: Because it shows you where the massive drain publicly, that

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Speaker 1: enough people are fed up, including on the Twitter platform,

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Speaker 1: some fifty seven percent voting yes that you should step down.

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Speaker 1: I personally voted yes, full disclosure. Do you know why

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Speaker 1: because I think he's better hospital on the car company

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Speaker 1: like Tesla. Yeah. Yeah, because I'm like, go and do

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Speaker 1: what you're really good at, which is creating awesome rocket

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Speaker 1: and car companies. You know. Having to sit here and

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Speaker 1: even try and tell people how cool what he did

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Speaker 1: in those spaces almost sounds cringe because what he's doing

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Speaker 1: with Twitter is just so ridiculous. Yeah, And I'm like, listen,

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Speaker 1: you got to understand, like he actually did a lot

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Speaker 1: of cool stuff before this. You know, I was like,

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Speaker 1: you sound like one of those apologies. I'm really not

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Speaker 1: trying to do it at this point. I'm trying not

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Speaker 1: to do it. It's true, though I really recommend people

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Speaker 1: go to look anyway. The point is is that he

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Speaker 1: clearly is feeling the squeeze. If I had to guess,

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Speaker 1: it has most to do with Testa stock completely and

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Speaker 1: he's he's gotten himself in a pickle. Forty four billion

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Speaker 1: dollars was already overpriced at the time that he paid it.

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Speaker 1: Then with the market crash, it was probably worth no

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Speaker 1: more than some twenty billion or so. Ninety some percent

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Speaker 1: of the revenue comes from advertising. A lot of that

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Speaker 1: is drying up as a result of many of the

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Speaker 1: capricious policies, and now he's done really a reparable damage

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Speaker 1: to the Twitter advertising brand. Twitter Blue really better work.

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Speaker 1: I don't think I would not bet on it personally,

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Speaker 1: on it working, just in the way that it's been

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Speaker 1: rolled out and I've blocking sign I doubt it would

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Speaker 1: rescue them financially anyway, Well, we talked about it is

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Speaker 1: you'd have to make up some five billion dollars a

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Speaker 1: year in revenue. So let's say that they've had a

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Speaker 1: thirty some percent drop in advertising. I mean, that is

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Speaker 1: a hell of a lot. You can do the math

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Speaker 1: in terms of subscriptions that you would have to sell

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Speaker 1: at eight or eleven dollars a month, and I think

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Speaker 1: the financial picture here is going to be the major story.

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Speaker 1: As much as it's fun to talk about, you know,

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Speaker 1: free speech, et cetera, a lot of that, As we

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Speaker 1: have both said from the beginning, much of it is

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Speaker 1: secondary to the business aims itself. That's why we spend

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Speaker 1: so much time focusing on this. That's exactly right. You

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Speaker 1: could never have a situation where we're both concerned about

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Speaker 1: maximizing profitability and you were dedicated to free speech. Those

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Speaker 1: things are just going to be in conflict with one

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Speaker 1: another and kind of relatively frequently going to be in

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Speaker 1: conflict with one another. That's why all of these platforms

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Speaker 1: are run the way that they ultimately are. Also, if

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Speaker 1: you look at Musk's previous track record, like he doesn't

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Speaker 1: have a track record within his companies or within his

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Speaker 1: life of being an actual free speech absolutist, there's reports

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Speaker 1: that he, you know, asked the Chinese government to censor

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Speaker 1: criticism in China. There's reports that he right so. And

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Speaker 1: also I do want to note TikTok notably not banned

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Speaker 1: under the policy. Interesting. Interesting, and he's also suppress speech

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Speaker 1: of workers who want to unionize, so you know, the

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Speaker 1: way he has operated this has been consistent with the

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Speaker 1: way that he has sort of operated the whole time.

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Speaker 1: There's a lot of very petty and thin skin behavior.

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Speaker 1: Like Ken Cliffenstein, who has been a big Elon Musk critic.

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Speaker 1: He's completely shadow banned on Twitter right now. If you

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Speaker 1: search for him and you don't already follow him, he

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Speaker 1: just doesn't come up, even if you enter in his

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Speaker 1: direct user name. So there's a lot of stuff like

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Speaker 1: that going on too. I don't know that Elon is

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Speaker 1: having as much fun running Twitter as he thought he

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Speaker 1: ultimately would. It's been a total financial catastrophe for him.

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Speaker 1: It's hard to see how he digs out of that hole.

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Speaker 1: And so ultimately I do think that this poll was

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Speaker 1: kind of a clever way to save some face as

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Speaker 1: he ultimately wanted to step down, was under pressure from

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Speaker 1: a variety of sectors to step down, and now can

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Speaker 1: kind of go back to focusing on Tesla and the

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Speaker 1: other things. He was hilarious. This is what it looks

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Speaker 1: like to be hilarious. View of this immediately after the

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Speaker 1: poll closed, pre market trading of Tesla has already up

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Speaker 1: by five. Oh really that Tesla investors very clearly are

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Speaker 1: very happy about this definitely makes sense. All right, let's

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Speaker 1: move on to Taylor the Wrenz and talk about the

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Speaker 1: journals on the bannings and free speech and docsing and

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Speaker 1: what does it all matter. So you guys got an

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Speaker 1: initial take there from Ryan and Emily on Friday, but

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Speaker 1: let's pick up where things really left off. Yesterday. Journalist

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Speaker 1: Taylor Lorenz, a guest friend of the show Let's put

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Speaker 1: up there on the screen, has been banned from Twitter,

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Speaker 1: although she's been unbanned since then. So she writes here

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Speaker 1: in her substack about how, basically with no notice really whatsoever,

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Speaker 1: she was suspended from Twitter after asking Elon for comment,

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Speaker 1: which we'll get to in a little bit. I do

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Speaker 1: also love the way that she gets upset about her

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Speaker 1: her banning. She says, I've been on Twitter since twenty ten.

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Speaker 1: Never once in my thirteen year career have I received

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Speaker 1: a single Terms of Service community guidelines violation for my

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Speaker 1: personal account or any account that I've ever run. Twitter

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Speaker 1: has served as an essential real time news source and

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Speaker 1: played a crucial role for the journalism world, but the

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Speaker 1: arbitrary suspensions who report on him should worry about people

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Speaker 1: who value journalism and free expression something of course she

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Speaker 1: cares quite a lot about. She actually reacted to her

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Speaker 1: banning and broke the news on her personal TikTok. So

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Speaker 1: we will let the lady say it in her own

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Speaker 1: words with the TikTok. I've actually never wished suspension on

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Speaker 1: other people. Let's not get that twisted, guys. I have always,

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Speaker 1: as I said earlier, I've always actually advocated for a

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Speaker 1: discord like approach to Twitter. So I think it should

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Speaker 1: be up to the users to determine what experience they

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Speaker 1: want on Twitter. I think people if they want the

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Speaker 1: full craziness of Twitter and they don't care, and they're like,

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Speaker 1: you know what, give me all the hate on the world, Like,

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Speaker 1: I don't care what people say, go for it. Have

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Speaker 1: that version of Twitter. Right. However, if you just want

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Speaker 1: like a small version of Twitter, you just want to

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Speaker 1: post to like your mutuals, you want a locked account,

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Speaker 1: you want to like segment your audience, you know whatever,

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Speaker 1: you should have that. You know, it's crazy that there's

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Speaker 1: no way to do that, and no I did not

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Speaker 1: ask Twitter to ban you, Hia. I did not. I

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Speaker 1: reported on your account. It's up to Twitter what they

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Speaker 1: want to do. As you know, you got seven strikes,

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Speaker 1: which is actually preferential treatment because most people are banned.

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Speaker 1: I think three to five strikes is the band. So

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Speaker 1: Lisi TikTok actually enjoyed special treatment from Twitter, which is

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Speaker 1: something that we found out from the Twitter files, which

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Speaker 1: I thought was very interesting. And the person she was

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Speaker 1: responding to was actually the libs of TikTok account that

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Speaker 1: was trolling her, being like, how does it feel to

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Speaker 1: get suspended after you tried to get me suspended? Finally, though,

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Speaker 1: and I do think this is important. As loath as

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Speaker 1: I am to defend this woman, let's put this up

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Speaker 1: there on the screen. Our last tweet was, hi, Elon,

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Speaker 1: I've sent you a couple of emails. We've learned some

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Speaker 1: information we'd like to share and discuss with you. We're

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Speaker 1: taking this very seriously and want to ensure this is

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Speaker 1: pursued in the right way. Thank you. This was some

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Speaker 1: story that they're probably about to publish over there. I'm

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Speaker 1: sure it's some you know, overwrought like opinion journalist piece

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Speaker 1: that said you know he shouldn't just be banning accounts

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Speaker 1: for no reason. Eric Weinstein, to his credit, also spoke out,

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Speaker 1: let's put this up there on the screen so listening,

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Speaker 1: and Elon reply he says, you know that Glee positively

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Speaker 1: related childlike that the woke experience when folks who they

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Speaker 1: claim to be horrible are canceled or banned. You've seen that. Oddly,

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Speaker 1: I'm not having that right now. In fact, I'm getting

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Speaker 1: a bit concerned, to which Elon then replied, this is

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Speaker 1: a temporary suspension due to a prior doxing action by

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Speaker 1: this account. It will be lifty shortly. So what he's

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Speaker 1: referring to is a previous incident of which the there's

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Speaker 1: an ongoing lawsuit out there that you can go and

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Speaker 1: read where a Instagram or sorry, a TikTok on a

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Speaker 1: social media influencer manager was based, in my view like

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Speaker 1: unfairly smeared and her personal details were published by Taylor

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Speaker 1: Lorenz after she had specifically told Taylor, I don't want

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Speaker 1: this to be out there. However, this happened I think

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Speaker 1: almost two years ago now at this point, so she

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00:21:24,119 --> 00:21:26,840
Speaker 1: had pointed that out and Elon had replied saying, wow,

430
00:21:26,840 --> 00:21:29,840
Speaker 1: this is crazy, and I guess banned her for doxing

431
00:21:29,880 --> 00:21:32,320
Speaker 1: somebody two years ago. Now I don't agree with the

432
00:21:32,400 --> 00:21:35,280
Speaker 1: doc but the problem is is that clearly he saw

433
00:21:35,320 --> 00:21:38,320
Speaker 1: it and just decided to ban it with any without

434
00:21:38,320 --> 00:21:41,840
Speaker 1: any consistency, without any transparency. This comes now on the

435
00:21:41,880 --> 00:21:44,840
Speaker 1: heels of the whole private jet conversation, which I'm sure

436
00:21:44,880 --> 00:21:47,680
Speaker 1: many people are us tuned. Let's just put this out

437
00:21:47,720 --> 00:21:51,160
Speaker 1: there right now. Let's put aside whether the account itself

438
00:21:51,400 --> 00:21:53,879
Speaker 1: should be free speech or not. I would only say

439
00:21:54,080 --> 00:21:56,720
Speaker 1: he himself already said that it was free speech, because

440
00:21:56,760 --> 00:21:59,440
Speaker 1: he literally tweeted I will not ban the account as

441
00:21:59,440 --> 00:22:02,000
Speaker 1: a result of my free speech absolutism, all right, So

442
00:22:02,040 --> 00:22:05,600
Speaker 1: let's put that aside. Second, though, whether you even agree

443
00:22:05,640 --> 00:22:08,280
Speaker 1: that the account itself should be banned the elon jet account.

444
00:22:08,920 --> 00:22:12,240
Speaker 1: Banning journalists who were not even really linking to the

445
00:22:12,280 --> 00:22:16,560
Speaker 1: account per se, who were covering the story of the

446
00:22:16,680 --> 00:22:20,800
Speaker 1: ban is ludicrous, and especially when you combine that with

447
00:22:20,960 --> 00:22:23,240
Speaker 1: the previous block where they were talking about banning mastered

448
00:22:23,280 --> 00:22:25,439
Speaker 1: on accounts and more. This is like banning the New

449
00:22:25,520 --> 00:22:27,560
Speaker 1: York Post for the Hunter Biden laptops. Right. You are

450
00:22:27,680 --> 00:22:32,160
Speaker 1: picking and choosing what links, publishers, stories, etc. Which get

451
00:22:32,200 --> 00:22:34,800
Speaker 1: to be banned on the platform or not if it

452
00:22:35,119 --> 00:22:37,760
Speaker 1: arises to the editorial standards of the New York Post

453
00:22:37,800 --> 00:22:40,520
Speaker 1: and the New York Times, breaking points of Matt tyev

454
00:22:40,680 --> 00:22:43,080
Speaker 1: or Glenn Greenwall sub stack for us to cover the

455
00:22:43,119 --> 00:22:46,240
Speaker 1: elon Jet account, who are you to say whether that

456
00:22:46,320 --> 00:22:49,000
Speaker 1: coverage of that or not falls within the bounds of

457
00:22:49,080 --> 00:22:52,840
Speaker 1: your service, especially whenever you abide by a quote free

458
00:22:52,840 --> 00:22:55,199
Speaker 1: speech absolutist position. So that's the way I think of

459
00:22:55,400 --> 00:22:57,480
Speaker 1: squaring it. Even if you don't like the elon Jet account,

460
00:22:57,680 --> 00:23:00,359
Speaker 1: even if you think it's wrong or it's docksing or whatever,

461
00:23:00,520 --> 00:23:03,960
Speaker 1: which I would have heavily dispute given FAA and court rules,

462
00:23:04,000 --> 00:23:06,960
Speaker 1: And even the way that Jack Sweeney, the guy who

463
00:23:07,000 --> 00:23:09,280
Speaker 1: runs that account, puts it all together. It is all

464
00:23:09,359 --> 00:23:12,560
Speaker 1: publicly available information, of which yes, he has used a

465
00:23:12,600 --> 00:23:15,240
Speaker 1: sophisticated way to put it together. But I mean, look,

466
00:23:16,200 --> 00:23:19,120
Speaker 1: the allegation is that a foreign government could use the account.

467
00:23:19,200 --> 00:23:23,480
Speaker 1: Any foreign government that has precision guided munitions is capable

468
00:23:23,480 --> 00:23:25,639
Speaker 1: of doing exactly what Jack Sweeney did. Yes, all right,

469
00:23:25,680 --> 00:23:28,439
Speaker 1: So let's also put that in there as well. Coeric Crystal,

470
00:23:28,520 --> 00:23:31,480
Speaker 1: Yes ahead, Indeed, I mean there are two pieces here.

471
00:23:31,720 --> 00:23:34,960
Speaker 1: Number one, are you living up to your pledge to

472
00:23:35,119 --> 00:23:38,359
Speaker 1: run Twitter as a free speech absolutist platform? I mean

473
00:23:38,400 --> 00:23:43,640
Speaker 1: original originally he said any speech which is legal is

474
00:23:43,720 --> 00:23:48,120
Speaker 1: allowed on Twitter, and as you point out, Zager explicitly

475
00:23:48,160 --> 00:23:50,600
Speaker 1: said that this account would be allowed. I mean, it's

476
00:23:50,640 --> 00:23:53,880
Speaker 1: clearly the ship has long ago sailed on this being

477
00:23:53,920 --> 00:23:57,320
Speaker 1: a free speech absolutist platform by a variety of moves

478
00:23:57,320 --> 00:24:01,000
Speaker 1: that he's made, from banning this account, banning journalist, banning,

479
00:24:01,760 --> 00:24:05,480
Speaker 1: keeping Alex Jones band, banning Kanye temporarily, I mean, clearly

480
00:24:05,560 --> 00:24:07,919
Speaker 1: that is not the way that he is running Twitter.

481
00:24:07,960 --> 00:24:11,239
Speaker 1: That's number one. So given that, okay, that ship has

482
00:24:11,280 --> 00:24:13,600
Speaker 1: already sailed, there's another question of okay, well, can you

483
00:24:13,720 --> 00:24:17,560
Speaker 1: apply whatever your actual rules are in terms of service

484
00:24:18,000 --> 00:24:21,440
Speaker 1: in a fair and consistent way. And what has been

485
00:24:21,800 --> 00:24:25,560
Speaker 1: abundantly clear to that is the answer is absolutely not.

486
00:24:25,920 --> 00:24:28,840
Speaker 1: I mean, the Taylor Lorenz thing is a perfect example. Right,

487
00:24:29,520 --> 00:24:32,240
Speaker 1: she asked you for common on a story, you got

488
00:24:32,280 --> 00:24:34,600
Speaker 1: some tweet about, like, hey, she did something in the

489
00:24:34,640 --> 00:24:37,480
Speaker 1: past I didn't like, and then on a whim, you

490
00:24:37,600 --> 00:24:40,280
Speaker 1: decide to reach back two years into the past to

491
00:24:40,400 --> 00:24:44,960
Speaker 1: temporarily suspend her based on new terms of service that

492
00:24:45,160 --> 00:24:49,200
Speaker 1: you just wrote in order to apply to a specific

493
00:24:49,280 --> 00:24:52,360
Speaker 1: situation related to you that you didn't like. I mean,

494
00:24:52,400 --> 00:24:55,919
Speaker 1: this is classic, like based on his whims, based on

495
00:24:56,040 --> 00:24:58,879
Speaker 1: his proclivitives, based on his opinions. He even said, but

496
00:24:58,960 --> 00:25:01,800
Speaker 1: the Kanye West thing, like, well, the swastika, him tweeting

497
00:25:01,840 --> 00:25:05,040
Speaker 1: a swastika incited me to violence. So again it's his

498
00:25:05,160 --> 00:25:10,520
Speaker 1: standard versus any sort of consistent terms of service judicial standard.

499
00:25:10,560 --> 00:25:14,320
Speaker 1: I mean, I would I would prefer that you actually

500
00:25:14,359 --> 00:25:17,320
Speaker 1: have a platform that truly abides by the First Amendment

501
00:25:17,320 --> 00:25:19,600
Speaker 1: and follows judicial precedent. There that's going to be messy

502
00:25:19,640 --> 00:25:21,280
Speaker 1: and difficult. None of that is going to be easy.

503
00:25:21,280 --> 00:25:23,880
Speaker 1: There are gray areas, it's challenging. I would prefer that.

504
00:25:24,160 --> 00:25:26,359
Speaker 1: But if that is off the table, which I have

505
00:25:26,440 --> 00:25:28,640
Speaker 1: little hope that we're ever going to see that, then

506
00:25:28,680 --> 00:25:32,199
Speaker 1: at least you would want terms of service which are

507
00:25:32,200 --> 00:25:36,040
Speaker 1: fairly and consistently applied. And clearly what you see here

508
00:25:36,280 --> 00:25:38,040
Speaker 1: is that that is not the case. That's why Eric

509
00:25:38,040 --> 00:25:41,480
Speaker 1: Weinstein is reacting in this way. You also had Barry Weiss,

510
00:25:41,560 --> 00:25:43,560
Speaker 1: who I want to give credit to as well. It's

511
00:25:43,560 --> 00:25:44,840
Speaker 1: go O one and put this up on the screen.

512
00:25:45,080 --> 00:25:47,480
Speaker 1: You know, Barry has gotten a lot of attention, a

513
00:25:47,480 --> 00:25:49,720
Speaker 1: lot of followers, a lot of subscriptions for her new

514
00:25:49,760 --> 00:25:53,560
Speaker 1: outlet based on her relationship with Elon and posting Twitter files. Now,

515
00:25:53,600 --> 00:25:54,959
Speaker 1: I don't want to say that's like the only thing

516
00:25:55,000 --> 00:25:57,119
Speaker 1: Barry's known for. She has built up her following on

517
00:25:57,160 --> 00:25:59,080
Speaker 1: her own before this, but this was clearly a boon

518
00:25:59,119 --> 00:26:02,840
Speaker 1: for her, and she was willing to be critical of

519
00:26:02,920 --> 00:26:05,600
Speaker 1: what Elon is doing here. She says, the old regime

520
00:26:05,600 --> 00:26:07,800
Speaker 1: at Twitter governed by its own whims and biases. It

521
00:26:07,920 --> 00:26:10,600
Speaker 1: sure looks like the new regime has the same problem.

522
00:26:10,640 --> 00:26:13,320
Speaker 1: I oppose it in both cases, and I think those

523
00:26:13,400 --> 00:26:16,080
Speaker 1: journalists who are reporting on a story of public importance

524
00:26:16,359 --> 00:26:20,920
Speaker 1: should be reinstated. Elon clearly not happy about that. He's

525
00:26:20,960 --> 00:26:22,639
Speaker 1: going back and forth with her, trying to get her

526
00:26:22,680 --> 00:26:25,640
Speaker 1: to respond, saying, what should the consequences of doxing someone's

527
00:26:25,680 --> 00:26:27,800
Speaker 1: real time exact location be? By the way, no one

528
00:26:27,840 --> 00:26:30,040
Speaker 1: was doing that. And also he says, Barry, this is

529
00:26:30,040 --> 00:26:33,040
Speaker 1: a real question, not rhetorical. What is your opinion? Rather

530
00:26:33,080 --> 00:26:36,560
Speaker 1: than rigorously pursuing truth, you are virtual virtue signaling to

531
00:26:36,640 --> 00:26:38,640
Speaker 1: show that you are good in the eyes of media

532
00:26:38,640 --> 00:26:41,639
Speaker 1: elite to keep one foot in both worlds. And I

533
00:26:41,720 --> 00:26:44,200
Speaker 1: just want to say, again, Barry Weiss, who I have

534
00:26:44,320 --> 00:26:48,280
Speaker 1: you know, other disagreements with, She is the one being

535
00:26:48,320 --> 00:26:50,080
Speaker 1: consistent here. I mean, she is the one. I have

536
00:26:50,160 --> 00:26:53,440
Speaker 1: no doubt that this was difficult for her because now

537
00:26:53,640 --> 00:26:56,120
Speaker 1: very likely she won't get to publish, publish the next

538
00:26:56,160 --> 00:26:59,760
Speaker 1: Twitter file. She just launched this new outlet. I'm sure

539
00:27:00,000 --> 00:27:02,480
Speaker 1: some of the people who subscribed are Elon fans and

540
00:27:02,480 --> 00:27:04,439
Speaker 1: are on his side in his so there was a

541
00:27:04,480 --> 00:27:07,879
Speaker 1: real sort of immediate business cost to coming out against

542
00:27:07,880 --> 00:27:10,320
Speaker 1: Elon versus what he's saying there, that this was all,

543
00:27:10,400 --> 00:27:12,560
Speaker 1: you know, to her benefit career wise. It actually really

544
00:27:12,640 --> 00:27:14,840
Speaker 1: drives me crazy these types of responses. I got some

545
00:27:14,880 --> 00:27:17,040
Speaker 1: of the same thing when I also tweeted my opposition

546
00:27:17,119 --> 00:27:19,040
Speaker 1: to the policy, and it's one of those things we're like, well,

547
00:27:19,040 --> 00:27:20,399
Speaker 1: come on, you know better, I'm like, or maybe I

548
00:27:20,440 --> 00:27:22,919
Speaker 1: just think differently than you. Maybe you know, this is

549
00:27:22,920 --> 00:27:25,400
Speaker 1: something I really wanted, a free speech platform. It's something

550
00:27:25,400 --> 00:27:27,560
Speaker 1: I really desired. I thought it could have said an

551
00:27:27,600 --> 00:27:30,919
Speaker 1: amazing precedent for the possible future of social media, and instead,

552
00:27:31,080 --> 00:27:33,639
Speaker 1: basically since day one, it's been put to the side,

553
00:27:33,680 --> 00:27:36,280
Speaker 1: and so that's disappointing for some of the people who

554
00:27:36,359 --> 00:27:39,199
Speaker 1: support and like that policy. And whenever somebody violates it,

555
00:27:39,240 --> 00:27:43,000
Speaker 1: even if they are like somewhat ideologically aligned on other areas,

556
00:27:43,040 --> 00:27:45,359
Speaker 1: why is it so bad to just say what you think?

557
00:27:45,440 --> 00:27:49,080
Speaker 1: Like the level of tribalism all that has occurred here

558
00:27:49,200 --> 00:27:52,840
Speaker 1: is ridiculous. And he is the one who changed his position.

559
00:27:53,160 --> 00:27:55,840
Speaker 1: He said I won't ban the account, and now he's

560
00:27:55,840 --> 00:27:58,640
Speaker 1: claiming that the account itself led to the attack on

561
00:27:58,720 --> 00:28:00,719
Speaker 1: his son. By the way, there's actually not a lot

562
00:28:00,760 --> 00:28:04,199
Speaker 1: of evidence to show that. There is no police report,

563
00:28:04,480 --> 00:28:06,960
Speaker 1: no evidence to show that this was the exact way

564
00:28:07,119 --> 00:28:09,760
Speaker 1: that the account that the attack itself happened. And on

565
00:28:09,840 --> 00:28:12,399
Speaker 1: top of that, I even said here before, nobody forces

566
00:28:12,440 --> 00:28:14,880
Speaker 1: you to fly private. It's not like your house, it's

567
00:28:14,880 --> 00:28:17,679
Speaker 1: not like a permanent abode. There are many ways that

568
00:28:17,720 --> 00:28:20,600
Speaker 1: you can go about flying in a way that is.

569
00:28:20,600 --> 00:28:22,960
Speaker 1: See if you can charter a jet, you can fly commercial. Also,

570
00:28:22,960 --> 00:28:24,800
Speaker 1: it wasn't even him who was on the plane. So

571
00:28:25,600 --> 00:28:27,920
Speaker 1: the other point is you know they call it quote

572
00:28:27,920 --> 00:28:33,359
Speaker 1: assassination coordinates. As I have said, the only person entity

573
00:28:33,480 --> 00:28:36,360
Speaker 1: capable of doing that would be a nation state, which

574
00:28:36,400 --> 00:28:39,840
Speaker 1: I'm pretty damn sure doesn't need the Elon jet tracker

575
00:28:40,160 --> 00:28:43,560
Speaker 1: to find out where Elon is in their airspace. So

576
00:28:43,720 --> 00:28:45,400
Speaker 1: they just want your money. They just want you to

577
00:28:45,400 --> 00:28:48,080
Speaker 1: like build a tesla side. I'm just like, what doing Yeah,

578
00:28:48,320 --> 00:28:51,240
Speaker 1: yeah exactly. Yeah. First of all, yeah, they're not trying

579
00:28:51,240 --> 00:28:54,000
Speaker 1: to murder you. All they're really trying to do is

580
00:28:54,080 --> 00:28:57,480
Speaker 1: get you in the country. That's what they want. Yeah,

581
00:28:57,560 --> 00:29:01,760
Speaker 1: yeah that listen, guys, Sager and I, you can go

582
00:29:01,840 --> 00:29:05,760
Speaker 1: back and look at the trick wat We defended Kanye

583
00:29:05,800 --> 00:29:09,200
Speaker 1: West posting a swastiko. Okay, We've defended Nicole Hannah Jones,

584
00:29:09,240 --> 00:29:12,280
Speaker 1: who we have ideological strung. We just in this segment

585
00:29:12,280 --> 00:29:16,000
Speaker 1: defended Taylor Lorenz. Okay, I have defended so many people

586
00:29:16,040 --> 00:29:17,600
Speaker 1: on the right that I do not like that, I

587
00:29:17,640 --> 00:29:20,320
Speaker 1: do not care for that I think are odious, deplorable, whatever,

588
00:29:20,680 --> 00:29:24,520
Speaker 1: because I believe in free speech. And so if you

589
00:29:24,880 --> 00:29:27,840
Speaker 1: hold that principle, there is no way you can look

590
00:29:27,880 --> 00:29:29,960
Speaker 1: at the moves that Elon has made and be like,

591
00:29:30,400 --> 00:29:32,240
Speaker 1: this is free speech. There's just no way you can

592
00:29:32,280 --> 00:29:35,240
Speaker 1: do it. And so yeah, actually, you know you said

593
00:29:35,240 --> 00:29:38,200
Speaker 1: you voted yes on the poll for Elon to stay

594
00:29:38,360 --> 00:29:42,000
Speaker 1: as to go, you wanted him to go as had Twitter.

595
00:29:42,160 --> 00:29:43,960
Speaker 1: I also voted yes that I wanted him to go

596
00:29:44,000 --> 00:29:45,200
Speaker 1: as head of Twitter, But I had to say I

597
00:29:45,240 --> 00:29:47,320
Speaker 1: was a little reluctant about it because I've sort of

598
00:29:47,400 --> 00:29:50,960
Speaker 1: enjoyed the number of masks that have been pulled off

599
00:29:51,120 --> 00:29:54,200
Speaker 1: by this whole thing. I mean, you have, first of all,

600
00:29:54,280 --> 00:29:56,360
Speaker 1: you do have a lot of liberals like Taylor Lorenz

601
00:29:56,400 --> 00:29:58,840
Speaker 1: who've been in favor of censorship and now are getting

602
00:29:58,840 --> 00:30:03,400
Speaker 1: a taste of like, oh, maybe handing a whole bunch

603
00:30:03,440 --> 00:30:07,040
Speaker 1: of power to these social media oligarchs in you know,

604
00:30:07,120 --> 00:30:11,560
Speaker 1: collaboration with the deep state. Maybe this doesn't always work

605
00:30:11,640 --> 00:30:13,400
Speaker 1: out the way that I thought. Now, do I think

606
00:30:13,400 --> 00:30:15,960
Speaker 1: these people are actually gonna learn the lesson? No, I

607
00:30:16,000 --> 00:30:17,800
Speaker 1: don't think that they're going to learn anything at all,

608
00:30:17,840 --> 00:30:20,320
Speaker 1: because they think, you know, their suspensions are different than

609
00:30:20,360 --> 00:30:24,280
Speaker 1: other suspensions whatever. But I have enjoyed that. I have

610
00:30:24,480 --> 00:30:27,160
Speaker 1: enjoyed seeing who are the hypocrites on the right who

611
00:30:27,160 --> 00:30:30,520
Speaker 1: claim to be free speech absolutists and they claim to

612
00:30:30,520 --> 00:30:33,240
Speaker 1: be against censorship, and then the minute it's applied to

613
00:30:33,280 --> 00:30:37,880
Speaker 1: their ideological adversaries, they're either silent or they're outright defending it.

614
00:30:38,080 --> 00:30:40,400
Speaker 1: And I also have appreciated seeing who does have a

615
00:30:40,400 --> 00:30:43,440
Speaker 1: shred of a principle and a shred of integrity to

616
00:30:43,520 --> 00:30:45,600
Speaker 1: actually stand with the things that they have said in

617
00:30:45,680 --> 00:30:48,320
Speaker 1: the past. I've enjoyed all of that. I've enjoyed the

618
00:30:48,360 --> 00:30:51,000
Speaker 1: mask off of what it. You know, this is I

619
00:30:51,040 --> 00:30:54,040
Speaker 1: said this before. In some ways Elon Musk, It's equivalent

620
00:30:54,080 --> 00:30:58,200
Speaker 1: to like when Trump was president, he took the already

621
00:30:58,400 --> 00:31:01,000
Speaker 1: corrupt regime and he just like pulled the mask off

622
00:31:01,000 --> 00:31:03,400
Speaker 1: and went even further. So it was just like undeniable

623
00:31:03,440 --> 00:31:05,400
Speaker 1: the way that Washington works. And it's kind of like

624
00:31:05,440 --> 00:31:08,400
Speaker 1: that with Elon. I mean, when you have whether Suckerberg

625
00:31:08,480 --> 00:31:11,480
Speaker 1: or Elon or Bill Gates or Jack Doors here, whoever

626
00:31:11,520 --> 00:31:14,240
Speaker 1: it is, when you have one person or a small

627
00:31:14,280 --> 00:31:16,520
Speaker 1: group of people in charge of these outlets, they have

628
00:31:16,640 --> 00:31:19,000
Speaker 1: way more power than they should and they can make

629
00:31:19,000 --> 00:31:22,400
Speaker 1: capricious decisions based on a whin that have major impacts

630
00:31:22,400 --> 00:31:25,960
Speaker 1: on people's lives, major impacts on our sort of democratic infrastructure.

631
00:31:26,240 --> 00:31:29,720
Speaker 1: And I have appreciated in a way having that all

632
00:31:30,040 --> 00:31:33,480
Speaker 1: really revealed in an undeniable way. That being said, I

633
00:31:33,520 --> 00:31:35,600
Speaker 1: think we've all you know learned what there is to

634
00:31:35,720 --> 00:31:38,520
Speaker 1: learn from this experience, and it's time to move forward. Yeah,

635
00:31:38,560 --> 00:31:42,600
Speaker 1: what's the Leninist phrase, It's like heighten the contradiction. A yeah, yeah, yeah, yeah,

636
00:31:42,640 --> 00:31:45,240
Speaker 1: that's it. That's it anyway, great phrase. I guess you

637
00:31:45,280 --> 00:31:47,479
Speaker 1: can always look to the Bolsheviks for good stuff. Right,

638
00:31:47,560 --> 00:31:49,120
Speaker 1: Let's go to the next one and put it up

639
00:31:49,120 --> 00:31:51,800
Speaker 1: there on the screen as well, because this is important.

640
00:31:52,040 --> 00:31:54,320
Speaker 1: He says, should I unsuspend the counts who docks my

641
00:31:54,360 --> 00:31:56,600
Speaker 1: exact real By the way, that's not what happened exact

642
00:31:56,640 --> 00:31:59,160
Speaker 1: location in real time, because he's talking about the he's

643
00:31:59,160 --> 00:32:02,400
Speaker 1: talking about the journal lists themselves. Forty three percent voted yes,

644
00:32:02,440 --> 00:32:05,200
Speaker 1: they should be posted. Now if anyone posted the real

645
00:32:05,240 --> 00:32:07,280
Speaker 1: time addresses of New York Times reporters, he said, the

646
00:32:07,320 --> 00:32:10,240
Speaker 1: FBI would be investigating. That is actually true. He then

647
00:32:10,400 --> 00:32:14,440
Speaker 1: posted a second account, sing, unsuspend all of these accounts,

648
00:32:14,520 --> 00:32:18,600
Speaker 1: and the unanimous answer there nearly was yes. So there's

649
00:32:18,800 --> 00:32:22,040
Speaker 1: there we go. That's where we stand kind of right now.

650
00:32:22,160 --> 00:32:24,080
Speaker 1: It's so funny that he was like, there was too

651
00:32:24,080 --> 00:32:25,920
Speaker 1: many out let me redo it, and we still got

652
00:32:25,960 --> 00:32:28,360
Speaker 1: the opposite of events put up there on the screen.

653
00:32:28,400 --> 00:32:30,680
Speaker 1: It's not just Barry Weiss and others who spoke out

654
00:32:30,680 --> 00:32:33,360
Speaker 1: against it. Ben Shapiro did as well. I actually quoted

655
00:32:33,360 --> 00:32:36,200
Speaker 1: something that I said which I found humorous Glenn Greenwald

656
00:32:36,200 --> 00:32:38,200
Speaker 1: as well. He said, quote, even if it's quote doxing

657
00:32:38,280 --> 00:32:42,120
Speaker 1: this band seems arbitrary and excessive. So that's one of

658
00:32:42,120 --> 00:32:45,200
Speaker 1: those where you can see that many actual people were

659
00:32:45,280 --> 00:32:48,360
Speaker 1: very principled in this matter in their response to what

660
00:32:48,440 --> 00:32:51,680
Speaker 1: was happening, and the only one who really was Elon

661
00:32:51,720 --> 00:32:54,520
Speaker 1: who went back on his word. I've even said, look,

662
00:32:54,640 --> 00:32:57,240
Speaker 1: I can sympathize with the father whose kid was attacked,

663
00:32:57,280 --> 00:32:59,960
Speaker 1: and it's probably a scary situation. But the whole point

664
00:33:00,160 --> 00:33:01,800
Speaker 1: is it shouldn't be in your hands and based upon

665
00:33:01,920 --> 00:33:05,200
Speaker 1: your emotions, that you get to decide my user experience

666
00:33:05,280 --> 00:33:08,040
Speaker 1: on a platform which, according to you, is critical to

667
00:33:08,120 --> 00:33:11,160
Speaker 1: the town square and public discourse. Yes, indeed, I think

668
00:33:11,160 --> 00:33:17,080
Speaker 1: that's all well said Twitter Files. You know, great irony

669
00:33:17,160 --> 00:33:19,640
Speaker 1: of all of this is that blinding the story of

670
00:33:19,680 --> 00:33:23,760
Speaker 1: doxing and everything else happening on the platform. This was it.

671
00:33:23,920 --> 00:33:26,400
Speaker 1: This was the major story yet to come out of

672
00:33:26,400 --> 00:33:29,080
Speaker 1: the Twitter files. So we pulled the four most important

673
00:33:29,120 --> 00:33:32,960
Speaker 1: things from Matt Tyee's Twitter files dropped revealing FBI, DHS

674
00:33:32,960 --> 00:33:35,560
Speaker 1: and Intel cooperation with Twitter. Let's ahead and put these

675
00:33:35,600 --> 00:33:38,440
Speaker 1: on the screen. So number one was this The Twitter

676
00:33:38,480 --> 00:33:42,720
Speaker 1: files showed the FBI subsidiary. Twitter personnel in the case

677
00:33:42,760 --> 00:33:46,040
Speaker 1: went on to look for reasons to suspend accounts, including

678
00:33:46,120 --> 00:33:50,600
Speaker 1: those from all literal small accounts which were jokes, including

679
00:33:50,680 --> 00:33:54,440
Speaker 1: quote civic misinformation, and also just to show you that

680
00:33:54,520 --> 00:33:58,280
Speaker 1: this actually happened in two different directions, they also asked

681
00:33:58,320 --> 00:34:00,840
Speaker 1: Twitter to review a blue leaning count for a joke

682
00:34:01,120 --> 00:34:06,960
Speaker 1: that was actually more obvious about about voter misinformation quote unquote.

683
00:34:07,040 --> 00:34:09,480
Speaker 1: And the takeaway, as Tybe says, is quote what most

684
00:34:09,520 --> 00:34:11,760
Speaker 1: people think of as the deep state is a tangled

685
00:34:11,760 --> 00:34:17,280
Speaker 1: collaboration of state agencies, private contractors, and sometimes state funded NGOs.

686
00:34:17,560 --> 00:34:20,839
Speaker 1: The lines become so blurred as to become meaningless. And

687
00:34:20,920 --> 00:34:23,600
Speaker 1: just to give people an idea, here, we're literally talking

688
00:34:23,600 --> 00:34:28,760
Speaker 1: about very tiny, small accounts which are basically shit posting

689
00:34:29,120 --> 00:34:33,040
Speaker 1: about how the next Wednesday, November ninth, is election day. Yeah,

690
00:34:33,080 --> 00:34:35,799
Speaker 1: they're like, hey, Republicans, get out and vote on Wednesday.

691
00:34:36,000 --> 00:34:39,520
Speaker 1: Get the joke funny, right? Whario? Yeah? It had three

692
00:34:39,560 --> 00:34:44,040
Speaker 1: retweets and the FBI is flagging this stuff to Twitter

693
00:34:44,440 --> 00:34:46,919
Speaker 1: at the time of the election. Like, as Tybi said,

694
00:34:46,920 --> 00:34:49,200
Speaker 1: He's like, don't you have other better stuff to do,

695
00:34:49,320 --> 00:34:53,680
Speaker 1: like catching like sex predators or crime I'm a murder

696
00:34:54,239 --> 00:34:58,000
Speaker 1: who planted the bomb on January sixth? What was going

697
00:34:58,040 --> 00:35:01,319
Speaker 1: on January? Maybe covering up role in There's so many

698
00:35:01,360 --> 00:35:05,040
Speaker 1: different things that would be more productive for these people

699
00:35:05,280 --> 00:35:08,120
Speaker 1: to be doing. And they clearly have an army of

700
00:35:08,200 --> 00:35:11,480
Speaker 1: folks both in the FBI and inside the intelligence community

701
00:35:11,600 --> 00:35:15,840
Speaker 1: who are flagging tweets from like very low follower accounts.

702
00:35:15,960 --> 00:35:20,480
Speaker 1: Arguably they have no influence really whatsoever. It's just clear

703
00:35:20,640 --> 00:35:25,480
Speaker 1: and direct government censorship by asking and requesting Twitter to

704
00:35:25,560 --> 00:35:28,280
Speaker 1: take action and in some cases Crystal, what we're seeing

705
00:35:28,520 --> 00:35:30,879
Speaker 1: with the latest drop of the Twitter files last night

706
00:35:31,160 --> 00:35:35,160
Speaker 1: is they were even admonishing Twitter for not doing every

707
00:35:35,200 --> 00:35:37,800
Speaker 1: single thing that they told them to, and were demanding

708
00:35:37,880 --> 00:35:41,279
Speaker 1: written explanations from the company so much so that it

709
00:35:41,400 --> 00:35:45,440
Speaker 1: even made Yoel Roth, the guy who defends the Babylon

710
00:35:45,600 --> 00:35:49,480
Speaker 1: b account getting taken down and the Hunter Biden laptop censorship,

711
00:35:49,760 --> 00:35:53,439
Speaker 1: It made him uncomfortable that they were demanding so much compliance. Wow,

712
00:35:53,440 --> 00:35:55,080
Speaker 1: but of course they still did it. Yeah, I mean

713
00:35:55,560 --> 00:35:58,400
Speaker 1: the same agency that apparently couldn't get the shit together

714
00:35:58,520 --> 00:36:03,239
Speaker 1: to take down Larry Nassar after decades of abusing young gymnasts,

715
00:36:03,239 --> 00:36:05,160
Speaker 1: even though they were tipped off to the fact that

716
00:36:05,200 --> 00:36:09,240
Speaker 1: he was like criminally molesting young girls over and over again,

717
00:36:10,160 --> 00:36:13,560
Speaker 1: they somehow have time to find your stupid vote on

718
00:36:13,640 --> 00:36:17,040
Speaker 1: Wednesday joke and flag this like it's some grave national

719
00:36:17,080 --> 00:36:19,759
Speaker 1: security concern. And I think Matt puts it in the

720
00:36:19,800 --> 00:36:24,840
Speaker 1: right context in that Listen, this capability starts with the

721
00:36:25,000 --> 00:36:27,080
Speaker 1: nine to eleven in the War on terror, right, and

722
00:36:27,480 --> 00:36:30,560
Speaker 1: you know, people looked at this sort of cooperation and

723
00:36:30,560 --> 00:36:33,600
Speaker 1: it's like, okay, well they're flagging ISIS accounts, they're flagging terrorists,

724
00:36:33,600 --> 00:36:36,239
Speaker 1: they're flagging all kaider recruitment accounts. All right, well, we're

725
00:36:36,239 --> 00:36:40,560
Speaker 1: comfortable with that. But then this gets expanded dramatically after

726
00:36:40,600 --> 00:36:44,000
Speaker 1: you have the whole Russia Gate insanity, because now this

727
00:36:44,160 --> 00:36:48,520
Speaker 1: idea of foreign interference in our elections means basically you

728
00:36:48,600 --> 00:36:51,919
Speaker 1: can look to the domestic population of like, oh, well,

729
00:36:51,960 --> 00:36:55,279
Speaker 1: who is a potential Russian collaborator who is spreading this

730
00:36:55,360 --> 00:36:59,400
Speaker 1: election misinformation? And that's where this thing is really ultimately

731
00:36:59,480 --> 00:37:01,840
Speaker 1: off to the And so he sort of tracks the

732
00:37:01,880 --> 00:37:05,680
Speaker 1: way that this explodes because of Russia Gate and the

733
00:37:05,719 --> 00:37:09,480
Speaker 1: derangement that it inspired, and the way that justified even

734
00:37:09,560 --> 00:37:14,359
Speaker 1: further abuses of an expansion of security state power. Yeah. Absolutely,

735
00:37:14,400 --> 00:37:16,839
Speaker 1: And just to give you an idea though, of what

736
00:37:16,920 --> 00:37:19,040
Speaker 1: the actual response to this, again, this should be a

737
00:37:19,120 --> 00:37:21,920
Speaker 1: huge scandal. Nobody even seems to be talking about it.

738
00:37:21,960 --> 00:37:24,240
Speaker 1: Are actually some of the folks who are just outright

739
00:37:24,360 --> 00:37:28,600
Speaker 1: defending the policy, Ted Lu, the Congressman, being one of those,

740
00:37:28,640 --> 00:37:32,520
Speaker 1: despite previously casting himself as some ACLU free speech defender.

741
00:37:32,680 --> 00:37:35,080
Speaker 1: Let's take a listen to what he said. So recently,

742
00:37:35,840 --> 00:37:39,279
Speaker 1: he put out a statement on social media saying what

743
00:37:39,320 --> 00:37:42,919
Speaker 1: he's going to focus on is Hunter Biden's laptop. Ash.

744
00:37:42,960 --> 00:37:45,560
Speaker 1: She's even more irrelevant than that. He's actually concerned about

745
00:37:45,560 --> 00:37:49,839
Speaker 1: what Twitter was saying about hunting Hunter Biden's laptop. What

746
00:37:49,880 --> 00:37:53,040
Speaker 1: Ted is talking about there after a prolonged speech on

747
00:37:53,080 --> 00:37:56,960
Speaker 1: social media and more is basically trashing Matt taiv Elon

748
00:37:57,040 --> 00:38:00,640
Speaker 1: and others for even bothering about this story ELSEO reminds

749
00:38:00,640 --> 00:38:02,880
Speaker 1: me of the time that we interviewed him Crystal on

750
00:38:03,080 --> 00:38:05,680
Speaker 1: Rising and we asked him about whether he cared that

751
00:38:05,800 --> 00:38:09,000
Speaker 1: Hunter Biden was serving on the Beisma board, and he said, well,

752
00:38:09,080 --> 00:38:11,880
Speaker 1: people serve on boards all the time, and it is

753
00:38:11,920 --> 00:38:15,319
Speaker 1: what it basically saying. It just didn't care really whatsoever

754
00:38:15,680 --> 00:38:18,759
Speaker 1: about the entire scandal. So I mean, I guess consistent

755
00:38:19,040 --> 00:38:22,560
Speaker 1: since becoming an apparatic. But it just goes to show

756
00:38:22,600 --> 00:38:25,520
Speaker 1: that a lot of people are either ignoring or just

757
00:38:25,560 --> 00:38:29,719
Speaker 1: outright defending the fusion of this. And the fact that

758
00:38:29,760 --> 00:38:33,600
Speaker 1: they were flagging those shit posts from people saying that

759
00:38:33,640 --> 00:38:36,440
Speaker 1: they want Republicans to vote on November nine shows you

760
00:38:36,719 --> 00:38:41,440
Speaker 1: how absurd this entire thing is. Why should the nation's

761
00:38:41,760 --> 00:38:46,120
Speaker 1: premier law enforcement agency be worried about this? I think

762
00:38:46,320 --> 00:38:49,839
Speaker 1: unequivocally we should all be like, no, absolutely not. And

763
00:38:49,880 --> 00:38:52,840
Speaker 1: then for Twitter itself to in many of these cases

764
00:38:52,880 --> 00:38:56,640
Speaker 1: take these down, never having done so in the past,

765
00:38:56,719 --> 00:38:59,160
Speaker 1: like according to their own rules, Yeah, shows you who's

766
00:38:59,200 --> 00:39:01,840
Speaker 1: in the driver's seat. Well, and according to the reporting

767
00:39:01,960 --> 00:39:05,720
Speaker 1: of Ken Klippenstein what was the name of the terrible

768
00:39:05,800 --> 00:39:09,080
Speaker 1: the Disinformation Governance Board or something like that that you know,

769
00:39:09,080 --> 00:39:11,359
Speaker 1: there was a big public outcry over and ultimately they're

770
00:39:11,400 --> 00:39:13,640
Speaker 1: backed off of like, Okay, we're not going to do that.

771
00:39:14,000 --> 00:39:16,239
Speaker 1: You know, what they really did is they just did

772
00:39:16,280 --> 00:39:19,680
Speaker 1: it more quietly. They didn't really not do that thing.

773
00:39:19,760 --> 00:39:22,120
Speaker 1: They just decided like, we're not going to publicize it.

774
00:39:22,360 --> 00:39:24,960
Speaker 1: We're just going to internally move forward with our plans

775
00:39:24,960 --> 00:39:28,280
Speaker 1: and have a less sort of less polemical or less

776
00:39:28,360 --> 00:39:34,120
Speaker 1: publicly firebrand of ahead to lead this efforts. So really

777
00:39:34,120 --> 00:39:38,520
Speaker 1: important information that ultimately is exposed here, and you know,

778
00:39:38,760 --> 00:39:41,439
Speaker 1: in part because of what Elon has himself done over

779
00:39:41,440 --> 00:39:43,560
Speaker 1: the weekend with all of his insanity, it's really flying

780
00:39:43,640 --> 00:39:45,400
Speaker 1: under the radar, even though I think these were some

781
00:39:45,440 --> 00:39:47,360
Speaker 1: of the most important revelations we got out of the

782
00:39:47,360 --> 00:39:49,799
Speaker 1: Twitter files. Yeah, I think that's right. I mean, the

783
00:39:49,920 --> 00:39:53,960
Speaker 1: major takeaway here is we now have the initial Twitter

784
00:39:54,000 --> 00:39:59,560
Speaker 1: files revelation of weekly meetings. We now have specific examples

785
00:40:00,080 --> 00:40:03,520
Speaker 1: of FBI involvement. We have now examples of FBI agents

786
00:40:03,600 --> 00:40:07,399
Speaker 1: browbeating Twitter staff to do everything that they want them

787
00:40:07,440 --> 00:40:10,360
Speaker 1: to do. What more do you need to show? And also,

788
00:40:10,680 --> 00:40:13,920
Speaker 1: I mean Elon, I guess credit for releasing this, but

789
00:40:14,000 --> 00:40:16,000
Speaker 1: he needs to also show us proof that this artifice

790
00:40:16,000 --> 00:40:18,680
Speaker 1: has been dismantled, that they're not going to comply in

791
00:40:18,760 --> 00:40:22,799
Speaker 1: future with future types of law enforcement requests because we

792
00:40:22,920 --> 00:40:25,360
Speaker 1: have no idea what's happening even right right now with

793
00:40:25,400 --> 00:40:28,040
Speaker 1: the staff. Yeah, very good point, very good point. All right.

794
00:40:28,080 --> 00:40:29,279
Speaker 1: At the same time, we have a little bit of

795
00:40:29,480 --> 00:40:31,839
Speaker 1: domestic political news we wanted to update you on. So

796
00:40:31,880 --> 00:40:34,440
Speaker 1: we brought you previously the news that Center cures cin Cinema,

797
00:40:34,520 --> 00:40:37,160
Speaker 1: who has been a thorn in the side of Democrats

798
00:40:37,280 --> 00:40:39,920
Speaker 1: and basically everyone else and really just sort of consistently

799
00:40:39,920 --> 00:40:44,560
Speaker 1: carries water for her corporate donors. She decided to de

800
00:40:44,719 --> 00:40:47,400
Speaker 1: register I guess as a Democrat and become an independent.

801
00:40:47,680 --> 00:40:49,640
Speaker 1: That raised a lot of questions about what she might

802
00:40:49,680 --> 00:40:51,880
Speaker 1: do for the next election cycle. And now we have

803
00:40:51,920 --> 00:40:53,480
Speaker 1: an answer to that. Let's go and put this up

804
00:40:53,520 --> 00:40:55,719
Speaker 1: in the screen. She has taken the formal step of

805
00:40:55,760 --> 00:41:00,160
Speaker 1: filing paperwork as an independent candidate for twenty five for

806
00:41:00,400 --> 00:41:02,880
Speaker 1: even though she has not publicly said she will seek reelection.

807
00:41:03,360 --> 00:41:06,480
Speaker 1: A spokeswoman declined to comment. And by the way, filing

808
00:41:06,480 --> 00:41:09,600
Speaker 1: statement a cannecy doesn't actually bind her to a run,

809
00:41:09,719 --> 00:41:13,400
Speaker 1: but it does allow her to raise money. And so listen,

810
00:41:13,600 --> 00:41:17,359
Speaker 1: here's basically the play that she is making here. She

811
00:41:17,600 --> 00:41:21,719
Speaker 1: was going to lose a Democratic primary. Reuben Diego and

812
00:41:21,760 --> 00:41:24,840
Speaker 1: there are a couple other potential candidates. He's a congressman

813
00:41:24,880 --> 00:41:28,440
Speaker 1: from Arizona. They were looking very strongly at running, and

814
00:41:28,520 --> 00:41:31,200
Speaker 1: all the polling showed she was not just going to lose,

815
00:41:31,400 --> 00:41:34,080
Speaker 1: she was going to get crushed in a Democratic primary,

816
00:41:34,520 --> 00:41:38,160
Speaker 1: and so that Avenue was more or less close to her.

817
00:41:38,480 --> 00:41:41,080
Speaker 1: Republicans don't like her any better. If you look at

818
00:41:41,080 --> 00:41:44,080
Speaker 1: her approval ratings with the Republican Party. It's not like

819
00:41:44,120 --> 00:41:47,279
Speaker 1: they're impressed with her carrying water for big pharma and

820
00:41:47,280 --> 00:41:51,360
Speaker 1: private equity either. So that was not really a viable

821
00:41:51,400 --> 00:41:53,960
Speaker 1: option for her to potentially run as a Republican in

822
00:41:54,000 --> 00:41:58,040
Speaker 1: a Republican primary. So her bet is here is she

823
00:41:58,160 --> 00:42:01,920
Speaker 1: files and runs as an in pendant. She puts Democrats

824
00:42:01,920 --> 00:42:05,440
Speaker 1: in a very tough position because ultimately you would assume

825
00:42:05,800 --> 00:42:08,400
Speaker 1: she's going to take more votes from the Democratic Party.

826
00:42:08,800 --> 00:42:11,719
Speaker 1: So now if they have nominee, let's says Reuben Diego,

827
00:42:12,120 --> 00:42:15,759
Speaker 1: and it's a three way race between Ruben Cinema and

828
00:42:15,800 --> 00:42:18,840
Speaker 1: potentially Blake Masters looking at another run again, Well, that

829
00:42:18,920 --> 00:42:22,319
Speaker 1: suddenly becomes a much more difficult landscape for Democrats, and

830
00:42:22,360 --> 00:42:24,680
Speaker 1: so they have to choose are we going to get

831
00:42:24,719 --> 00:42:28,320
Speaker 1: behind our own candidate or are we going to accept

832
00:42:28,480 --> 00:42:31,640
Speaker 1: like and tacitly sort of back kirston Cinema as our

833
00:42:31,680 --> 00:42:35,440
Speaker 1: best bet ultimately to hold the seat. Senator Mark Kelly

834
00:42:35,719 --> 00:42:38,720
Speaker 1: was asked for a comment about her leaving the party

835
00:42:38,719 --> 00:42:41,000
Speaker 1: and about whether or not he would back her. He's,

836
00:42:41,040 --> 00:42:45,560
Speaker 1: of course the other senator from Arizona, and he wouldn't answer.

837
00:42:45,600 --> 00:42:48,359
Speaker 1: He says, you're getting into hypotheticals. But I've worked very

838
00:42:48,360 --> 00:42:50,719
Speaker 1: closely with her for a long period of time, so

839
00:42:50,760 --> 00:42:53,640
Speaker 1: you can see he's kind of, you know, not sure

840
00:42:53,840 --> 00:42:57,400
Speaker 1: where to land and considering his options here ultimately, So

841
00:42:57,719 --> 00:43:01,120
Speaker 1: that's the play from Cinema, and you know, ultimately does

842
00:43:01,160 --> 00:43:02,839
Speaker 1: it work out for her? I don't know. I mean,

843
00:43:02,880 --> 00:43:06,080
Speaker 1: if she actually runs as an independent and Democrats put

844
00:43:06,120 --> 00:43:08,200
Speaker 1: up their own candidate, there's no way she's going to win.

845
00:43:08,360 --> 00:43:12,640
Speaker 1: But could she blow up Democratic chances? Yes, So that's

846
00:43:12,800 --> 00:43:16,279
Speaker 1: essentially her threat. This is her only option in order

847
00:43:16,320 --> 00:43:19,440
Speaker 1: to have a shot at winning this Senate seat again

848
00:43:19,840 --> 00:43:22,960
Speaker 1: is for Democrats to basically be forced by her blackmail

849
00:43:23,080 --> 00:43:25,800
Speaker 1: to step down and tacitly back her even though she

850
00:43:25,800 --> 00:43:27,920
Speaker 1: couldn't win a Democratic primary. Do you think this is

851
00:43:27,920 --> 00:43:29,960
Speaker 1: one hundred percent that she is going to run again? Then,

852
00:43:30,320 --> 00:43:32,960
Speaker 1: like I don't think so, she's just leaving the door open.

853
00:43:33,200 --> 00:43:35,880
Speaker 1: I mean, I think she if I had to guess,

854
00:43:36,120 --> 00:43:38,080
Speaker 1: I think she is going to run again, or at

855
00:43:38,160 --> 00:43:40,560
Speaker 1: least she's going to. This is sort of a trial

856
00:43:40,600 --> 00:43:45,440
Speaker 1: balloon to feel out what Schumer and Mark Kelly and

857
00:43:45,480 --> 00:43:48,520
Speaker 1: the other Democrats are ultimately going to do if she

858
00:43:48,600 --> 00:43:51,319
Speaker 1: gets the signal maybe ultimately that they're like, screw you,

859
00:43:51,360 --> 00:43:53,560
Speaker 1: We're going to run our own candidate. Anyway, I think

860
00:43:53,600 --> 00:43:57,040
Speaker 1: there is a possibility she ultimately backs down because clearly

861
00:43:57,120 --> 00:43:59,719
Speaker 1: she's preserved her options in terms of going and cashing

862
00:43:59,760 --> 00:44:02,160
Speaker 1: in corporate world. She could go and serve on any

863
00:44:02,239 --> 00:44:06,400
Speaker 1: number of boards. Pharma would have her, Wall Street, various

864
00:44:06,520 --> 00:44:09,560
Speaker 1: Wall Street industries, hedge funders, private equity they would have,

865
00:44:09,680 --> 00:44:11,520
Speaker 1: or there's all sorts of things that she could do

866
00:44:11,560 --> 00:44:13,880
Speaker 1: in the corporate world and make a whole lot of money.

867
00:44:14,560 --> 00:44:17,160
Speaker 1: It has always seemed like that was where her real

868
00:44:17,239 --> 00:44:20,880
Speaker 1: commitment ultimately lay. So for her, it doesn't seem like

869
00:44:20,920 --> 00:44:23,480
Speaker 1: a terrible option to sort of float this see if

870
00:44:23,480 --> 00:44:25,239
Speaker 1: she's got a chance at it, and if it doesn't

871
00:44:25,280 --> 00:44:27,360
Speaker 1: look like it's going to work out, go and flee

872
00:44:27,400 --> 00:44:30,080
Speaker 1: to some sort of boardroom somewhere. Yeah, I kind of

873
00:44:30,080 --> 00:44:31,600
Speaker 1: read it the same way. I mean, it was a

874
00:44:31,600 --> 00:44:33,880
Speaker 1: smart move to try and box out because Reuben Diego

875
00:44:34,040 --> 00:44:36,520
Speaker 1: very certain probably at least could have given her a

876
00:44:36,600 --> 00:44:39,040
Speaker 1: run for her money. We've looked at her favorability numbers

877
00:44:39,080 --> 00:44:42,280
Speaker 1: here before, and she has low favorability amongst every single

878
00:44:42,400 --> 00:44:47,799
Speaker 1: party identification group, including Independence, Republicans, and Democrats in Arizona.

879
00:44:47,880 --> 00:44:49,239
Speaker 1: I really think the smart move for her would just

880
00:44:49,320 --> 00:44:51,480
Speaker 1: be retired. Yeah, go cash out. I mean, what's the

881
00:44:51,520 --> 00:44:54,600
Speaker 1: point for you staying in the Senate, especially given the

882
00:44:54,640 --> 00:44:57,520
Speaker 1: fact that Mark Kelly just won in Arizona by a

883
00:44:57,520 --> 00:45:01,200
Speaker 1: pretty sizable margin by five points. It's not like the

884
00:45:01,239 --> 00:45:04,080
Speaker 1: bench in Arizona is all that deep. Who are they

885
00:45:04,120 --> 00:45:07,120
Speaker 1: going to run Carrie Lake? You know? And actually if

886
00:45:07,120 --> 00:45:10,200
Speaker 1: she does run, and it would just embolden the case

887
00:45:10,280 --> 00:45:13,080
Speaker 1: for some sort of unanimous candidate. So I don't know.

888
00:45:13,160 --> 00:45:15,000
Speaker 1: I guess I could see it both ways. They could

889
00:45:15,080 --> 00:45:17,719
Speaker 1: she could blackmail the party, or she could also just say,

890
00:45:17,920 --> 00:45:19,840
Speaker 1: you know, enough, it's going to be too tough of

891
00:45:19,880 --> 00:45:22,400
Speaker 1: a run for me to actually even take this on.

892
00:45:22,480 --> 00:45:25,160
Speaker 1: She's got a lot of enmity in the state regardless,

893
00:45:25,200 --> 00:45:26,799
Speaker 1: So I don't see how it would really work out

894
00:45:26,840 --> 00:45:29,319
Speaker 1: for her. Yeah, and like I said, she could sort

895
00:45:29,360 --> 00:45:33,120
Speaker 1: of float this trial balloon, see test the waters of

896
00:45:33,160 --> 00:45:35,799
Speaker 1: which way Democrats are ultimately going to go, whether her

897
00:45:35,840 --> 00:45:37,640
Speaker 1: threat is going to work out for her or not.

898
00:45:38,040 --> 00:45:39,640
Speaker 1: And if it looks like it's not going to work

899
00:45:39,719 --> 00:45:41,719
Speaker 1: out for her, she could just pull the plug and

900
00:45:41,760 --> 00:45:44,480
Speaker 1: go cash in, right, because that's clearly what she's been

901
00:45:44,520 --> 00:45:47,400
Speaker 1: angling for. Absolutely. All right, we got a little update

902
00:45:47,480 --> 00:45:51,399
Speaker 1: for you here on the Big Trump Special announcement. This

903
00:45:51,480 --> 00:45:53,960
Speaker 1: was so classic last week you guys probably followed this,

904
00:45:54,080 --> 00:45:57,040
Speaker 1: but we got this. You know, Trump, since he announces campaign,

905
00:45:57,080 --> 00:46:00,880
Speaker 1: which was very boring and lackluster, has not really anything.

906
00:46:00,960 --> 00:46:04,279
Speaker 1: There have been no rallies, there have been very limited appearances,

907
00:46:04,360 --> 00:46:06,520
Speaker 1: all of them basically by zoom. I mean, he really

908
00:46:06,560 --> 00:46:09,960
Speaker 1: has been extremely quiet with essentially the exception of like

909
00:46:10,320 --> 00:46:12,960
Speaker 1: having dinner with Nick fuin Does and Kanye West is

910
00:46:13,000 --> 00:46:15,400
Speaker 1: the most we've heard from him since he launched his

911
00:46:15,400 --> 00:46:18,120
Speaker 1: presidential campaign. So we get this announcement on true social

912
00:46:18,239 --> 00:46:22,840
Speaker 1: like big news, Big News coming on Thursday, and we're like, oh,

913
00:46:23,080 --> 00:46:25,640
Speaker 1: maybe he's going to do something, and then it ends

914
00:46:25,719 --> 00:46:29,160
Speaker 1: up being the most ridiculous thing ever this series of

915
00:46:29,400 --> 00:46:32,799
Speaker 1: Trump NFTs, the artwork for which was apparently ripped off

916
00:46:32,840 --> 00:46:35,560
Speaker 1: from other artists to start with, but there was still

917
00:46:35,680 --> 00:46:38,239
Speaker 1: apparently an appetite for it. Let's go put ahead and

918
00:46:38,320 --> 00:46:41,320
Speaker 1: put this up on the screen. This says that Trump's

919
00:46:41,440 --> 00:46:46,480
Speaker 1: NFT trading cards sold out and raised over five million dollars.

920
00:46:46,560 --> 00:46:49,480
Speaker 1: Though the NFTs, they say, were widely mocked by both

921
00:46:49,520 --> 00:46:53,240
Speaker 1: Trump supporters and detractors alike. All forty five thousand sold

922
00:46:53,280 --> 00:46:55,919
Speaker 1: out in around twelve hours at ninety nine dollars each.

923
00:46:55,960 --> 00:46:58,800
Speaker 1: That means four point four five million dollars has been raised.

924
00:46:59,040 --> 00:47:01,600
Speaker 1: The collections creators also received ten percent of every sale

925
00:47:01,600 --> 00:47:04,799
Speaker 1: in the secondary market. Thus far, traders have spent five

926
00:47:04,840 --> 00:47:08,680
Speaker 1: point two million dollars either trading the cards on open

927
00:47:08,680 --> 00:47:12,440
Speaker 1: seat Netting Creators and extra five hundred and twenty thousand dollars.

928
00:47:12,719 --> 00:47:16,360
Speaker 1: And apparently, you know, the cheapest of these cards now

929
00:47:16,480 --> 00:47:20,440
Speaker 1: on the secondary market are going for about six hundred

930
00:47:20,440 --> 00:47:24,000
Speaker 1: and fifty dollars. Some of them are going for thousands

931
00:47:24,040 --> 00:47:27,680
Speaker 1: of dollars. Guys, I don't know what you're doing, don't understand,

932
00:47:27,880 --> 00:47:31,319
Speaker 1: but apparently there was some appetite for this thing after all.

933
00:47:31,920 --> 00:47:34,080
Speaker 1: I mean, I never questioned whether it's an appetite. I

934
00:47:34,120 --> 00:47:36,000
Speaker 1: just do want to remind everyone this does not go

935
00:47:36,080 --> 00:47:39,200
Speaker 1: to his campaign account. This literally goes to his personal

936
00:47:39,280 --> 00:47:42,560
Speaker 1: bank account after his wife, Milania Trump did the exact

937
00:47:42,600 --> 00:47:45,600
Speaker 1: same thing. So, you know, just an interesting way enough,

938
00:47:45,600 --> 00:47:49,080
Speaker 1: of course, yeah, when which she gets to monetize, he

939
00:47:49,120 --> 00:47:52,000
Speaker 1: gets to monetize some of his fandom, even though I mean,

940
00:47:52,000 --> 00:47:53,839
Speaker 1: if you worth the billion dollars, like, why is five

941
00:47:53,880 --> 00:47:55,960
Speaker 1: million dollars even worth it to you? That's a really

942
00:47:55,960 --> 00:47:59,520
Speaker 1: interesting question. I also has saw a hilarious comment when

943
00:47:59,520 --> 00:48:01,640
Speaker 1: I was talking up us on Instagram. They're like, I

944
00:48:01,719 --> 00:48:03,839
Speaker 1: wonder how many of the boomers who bought these will

945
00:48:03,880 --> 00:48:06,799
Speaker 1: wait for them to arrive in the mail because they

946
00:48:06,880 --> 00:48:09,719
Speaker 1: thought that they're literally buying physical cards. You and I

947
00:48:09,800 --> 00:48:12,839
Speaker 1: both know that it's possible. There is some percentage. As

948
00:48:13,719 --> 00:48:17,240
Speaker 1: you pointed out, put this up there. His NFTs also

949
00:48:17,320 --> 00:48:22,360
Speaker 1: appear to have used photos from other small clothing brands.

950
00:48:22,640 --> 00:48:25,239
Speaker 1: They found the address behind the auction is out of

951
00:48:25,280 --> 00:48:29,000
Speaker 1: a UPS store in Utah, And some of these were

952
00:48:29,040 --> 00:48:32,600
Speaker 1: just blatantly and totally ripped off. I don't even know.

953
00:48:33,040 --> 00:48:36,640
Speaker 1: In many ways, like whenever you think about Trump and

954
00:48:36,960 --> 00:48:41,440
Speaker 1: the NFT, collection in the context of Trump's steaks Trump University.

955
00:48:41,800 --> 00:48:43,560
Speaker 1: And so it's like I find it sad, like I

956
00:48:43,640 --> 00:48:46,840
Speaker 1: really do, because so many of these people he's bilking

957
00:48:46,880 --> 00:48:50,160
Speaker 1: them for four point five million dollars of which, at

958
00:48:50,239 --> 00:48:53,360
Speaker 1: least according to him, like he doesn't need how many

959
00:48:53,719 --> 00:48:56,440
Speaker 1: old people out there were bought these as like a

960
00:48:56,480 --> 00:48:59,359
Speaker 1: gimmick or something, or bought them, you know, from their

961
00:48:59,400 --> 00:49:02,440
Speaker 1: social Security sav or even then the quote unquote like

962
00:49:02,600 --> 00:49:06,840
Speaker 1: Trump faithful if you bought this as an investment, Like

963
00:49:06,960 --> 00:49:10,720
Speaker 1: I honestly, we can't help you at point, right, Yeah,

964
00:49:10,800 --> 00:49:15,080
Speaker 1: I mean maybe listen, I think NFTs were the moment

965
00:49:15,120 --> 00:49:17,800
Speaker 1: when a lot of people were like, you know, I

966
00:49:17,840 --> 00:49:19,680
Speaker 1: don't know about this whole crypto thing. They were like

967
00:49:19,719 --> 00:49:21,759
Speaker 1: a bridge too far. And then of course we saw

968
00:49:21,840 --> 00:49:24,320
Speaker 1: like the market spikes and then it like instantly collapsed

969
00:49:24,360 --> 00:49:25,960
Speaker 1: and there were all these skims. I mean, this all

970
00:49:25,960 --> 00:49:29,280
Speaker 1: happened like over a year ago. And then Trump jumps

971
00:49:29,320 --> 00:49:33,239
Speaker 1: in with his NFT collection, totally ripped off from other

972
00:49:33,360 --> 00:49:35,600
Speaker 1: art like couldn't even get in like an artist to

973
00:49:35,680 --> 00:49:38,840
Speaker 1: do original artwork, which would cost you very little. Ultimately

974
00:49:38,840 --> 00:49:42,920
Speaker 1: in the grand scheme things classic classic Trump ultimately, and

975
00:49:42,960 --> 00:49:45,080
Speaker 1: then The other piece of this that is classic Trump

976
00:49:45,200 --> 00:49:50,719
Speaker 1: is not very long ago. He was completely trashing crypto overall.

977
00:49:51,160 --> 00:49:53,440
Speaker 1: Let's take a trip down memory lane and listen to that.

978
00:49:54,080 --> 00:49:56,239
Speaker 1: What do you think about crypto? Because you know, New

979
00:49:56,320 --> 00:50:00,680
Speaker 1: York and Miami is really getting cryptocurrency into their financial system.

980
00:50:00,840 --> 00:50:02,880
Speaker 1: I never loved it because I like to have the dollar.

981
00:50:03,120 --> 00:50:05,080
Speaker 1: I think the currency should be the dollar. So I

982
00:50:05,200 --> 00:50:07,040
Speaker 1: was never a big fan. But it's s building up

983
00:50:07,040 --> 00:50:11,160
Speaker 1: bigger and bigger, and nobody's doing anything about it, and it's, uh,

984
00:50:12,400 --> 00:50:15,400
Speaker 1: I know it, so well, look, I want a currency

985
00:50:15,440 --> 00:50:18,840
Speaker 1: called the dollar. I don't want to have all these others.

986
00:50:18,880 --> 00:50:21,440
Speaker 1: And that could be an explosion someday, like the likes

987
00:50:21,480 --> 00:50:23,719
Speaker 1: of which we've never seen. It'll make the big tech

988
00:50:23,800 --> 00:50:28,200
Speaker 1: explosion look like baby stuff. I think it's a very

989
00:50:28,280 --> 00:50:31,720
Speaker 1: dangerous thing. So basically, what's that That was in reaction

990
00:50:31,800 --> 00:50:36,440
Speaker 1: to his own wife's fenn. Yeah, so he kind of

991
00:50:36,440 --> 00:50:38,520
Speaker 1: knows this is all like a scam, But that's that's

992
00:50:38,520 --> 00:50:41,080
Speaker 1: no deterrent to Trump. He's just, you know, this is

993
00:50:41,120 --> 00:50:43,000
Speaker 1: his chance to get in on the scam. So there

994
00:50:43,000 --> 00:50:45,799
Speaker 1: you go. Congratulations him, Congrats to the boomers, to the

995
00:50:45,840 --> 00:50:49,839
Speaker 1: others who quote invested in this. I'm sure some people will.

996
00:50:49,960 --> 00:50:51,640
Speaker 1: We'll make some money out, and I think the vast

997
00:50:51,640 --> 00:50:54,879
Speaker 1: majority will probably get stuck holding the bag. But hey,

998
00:50:55,040 --> 00:50:57,440
Speaker 1: that's the story of Donald Trump. It's not like it

999
00:50:57,480 --> 00:51:02,920
Speaker 1: didn't work out for him. He literally became the president. Cristal,

1000
00:51:02,960 --> 00:51:05,520
Speaker 1: what are you taking a look at? Well, we want

1001
00:51:05,560 --> 00:51:08,080
Speaker 1: to be transparent, We want to set the golden standard

1002
00:51:08,160 --> 00:51:11,600
Speaker 1: for reliability solidness in the space. Would you be able

1003
00:51:11,600 --> 00:51:14,080
Speaker 1: to handle it if somebody asked you for two billion

1004
00:51:14,120 --> 00:51:16,200
Speaker 1: dollars back? Would that be okay? Would you be able

1005
00:51:16,239 --> 00:51:21,239
Speaker 1: to still withstand things? We're financially okay, including you have

1006
00:51:21,280 --> 00:51:23,240
Speaker 1: two point one billion dollars to give away. If somebody

1007
00:51:23,280 --> 00:51:25,720
Speaker 1: tame the reclad to claude that back, you'd still be fine.

1008
00:51:26,760 --> 00:51:32,680
Speaker 1: We'll let the lawyer friendly. We are financially strong. Now

1009
00:51:32,719 --> 00:51:35,560
Speaker 1: that Sam Bankman Fried is sitting in a Bahamian jail

1010
00:51:35,600 --> 00:51:37,960
Speaker 1: cell accused of stealing billions for his own personal use

1011
00:51:38,000 --> 00:51:41,400
Speaker 1: and to build in illegal political influence empire, everyone is

1012
00:51:41,400 --> 00:51:44,360
Speaker 1: looking around at the crypto landscape and asking who's next.

1013
00:51:44,800 --> 00:51:49,040
Speaker 1: Which major industry player will suddenly collapse, Which supposedly brilliant

1014
00:51:49,120 --> 00:51:51,359
Speaker 1: leader will be exposed as nothing but a con man

1015
00:51:51,440 --> 00:51:54,200
Speaker 1: and a fraud. Well, as of this morning, we've got

1016
00:51:54,200 --> 00:51:57,840
Speaker 1: some major red flags about an absolute giant in the space,

1017
00:51:58,120 --> 00:52:02,440
Speaker 1: crypto exchange Finance. Now, Finance is led by guy everyone

1018
00:52:02,480 --> 00:52:05,880
Speaker 1: calls CZ, this guy you just saw insisting everything was

1019
00:52:05,920 --> 00:52:09,160
Speaker 1: all good in an interview with CNBC. Finance is the

1020
00:52:09,320 --> 00:52:15,040
Speaker 1: largest crypto exchange in the world, critical infrastructure facilitating exchanges everywhere.

1021
00:52:15,160 --> 00:52:18,200
Speaker 1: So here's a few things you should know about Finance straightaway.

1022
00:52:18,680 --> 00:52:21,680
Speaker 1: Much as FTX was operated at the seemingly sole discretion

1023
00:52:21,920 --> 00:52:25,840
Speaker 1: of SBF, with no corporate oversight and no board, Binance

1024
00:52:26,000 --> 00:52:29,120
Speaker 1: is seemingly run at the sole discretion of CZ. There

1025
00:52:29,160 --> 00:52:32,440
Speaker 1: is no traditional shareholder structure or board of directors. In fact,

1026
00:52:32,920 --> 00:52:36,279
Speaker 1: it's a stretch to even call Binance a company. It's

1027
00:52:36,320 --> 00:52:40,320
Speaker 1: not headquartered anywhere, and CZ himself Hopscotch, is the globe

1028
00:52:40,320 --> 00:52:42,640
Speaker 1: in search of friendly regulators who will allow them to

1029
00:52:42,680 --> 00:52:46,520
Speaker 1: operate schemes which would be illegal in many countries. Here

1030
00:52:46,640 --> 00:52:51,080
Speaker 1: is how Bloomberg describes this state of affairs. Quote. Legally speaking,

1031
00:52:51,280 --> 00:52:54,960
Speaker 1: a Cayman Islands firm named Binance Holdings Limited owns its

1032
00:52:54,960 --> 00:52:59,560
Speaker 1: trademarks that entities ownership has never been disclosed JAO. That's

1033
00:52:59,560 --> 00:53:03,120
Speaker 1: CZ is the sole owner of Binance Capital Management, registered

1034
00:53:03,120 --> 00:53:06,960
Speaker 1: in the British Virgin Islands. Many Binance operations are also

1035
00:53:07,360 --> 00:53:10,480
Speaker 1: entirely owned by CZ, either directly or through an entity

1036
00:53:10,560 --> 00:53:13,960
Speaker 1: he controls. According to corporate filings, Most of the trades

1037
00:53:14,120 --> 00:53:18,120
Speaker 1: on binance go through the flagship exchange binance dot Com,

1038
00:53:18,280 --> 00:53:21,160
Speaker 1: which is based in who knows where and owned by

1039
00:53:21,200 --> 00:53:23,960
Speaker 1: God knows whom. What if I told you? The Binance

1040
00:53:24,040 --> 00:53:27,280
Speaker 1: is also under investigation by a who's who of government

1041
00:53:27,320 --> 00:53:32,200
Speaker 1: regulatory bodies, everyone from the DOJ to the SEC, the CFTC,

1042
00:53:32,360 --> 00:53:35,000
Speaker 1: to the IRS to plenty of their counterparts in countries

1043
00:53:35,040 --> 00:53:38,520
Speaker 1: around the world. CZ's track record not too hot either.

1044
00:53:38,600 --> 00:53:40,920
Speaker 1: For example, he spent a lot of time promoting so

1045
00:53:41,120 --> 00:53:45,080
Speaker 1: called algorithmic stable coined tara USD as a safe investment,

1046
00:53:45,120 --> 00:53:47,480
Speaker 1: and he himself invested a bunch of money into it.

1047
00:53:47,800 --> 00:53:51,400
Speaker 1: Tera USD, of course, has since completely collapsed. Reporting also

1048
00:53:51,440 --> 00:53:54,840
Speaker 1: suggests finance workers might be getting rich off of insider

1049
00:53:54,880 --> 00:53:57,359
Speaker 1: trading schemes based on their knowledge of which so called

1050
00:53:57,400 --> 00:53:59,960
Speaker 1: shit coins are going to get listed on the Extreme

1051
00:54:00,040 --> 00:54:03,239
Speaker 1: change Next. Finance became a juggernaut by opening up the

1052
00:54:03,280 --> 00:54:06,319
Speaker 1: floodgates to these shit coins in the first place, so

1053
00:54:06,920 --> 00:54:08,839
Speaker 1: that is the backdrop you should keep in mind as

1054
00:54:08,840 --> 00:54:12,359
Speaker 1: you evaluate this latest series of events. Binance has been

1055
00:54:12,360 --> 00:54:14,919
Speaker 1: weathering a run on the bank as investors flee over

1056
00:54:14,960 --> 00:54:17,720
Speaker 1: concerns that this exchange could be the next big crypto

1057
00:54:17,800 --> 00:54:21,319
Speaker 1: player to collapse, and amid news that US government prosecutors

1058
00:54:21,600 --> 00:54:25,640
Speaker 1: may file criminal charges against CZ himself in one twenty

1059
00:54:25,640 --> 00:54:29,160
Speaker 1: four hour stretch investors, which are something like three billion

1060
00:54:29,239 --> 00:54:33,400
Speaker 1: dollars from the exchange. Now, CZ has consistently claimed this

1061
00:54:33,520 --> 00:54:35,680
Speaker 1: is no problem for Finance because they hold one hundred

1062
00:54:35,719 --> 00:54:39,560
Speaker 1: percent of their customer values in reserve, so he claims

1063
00:54:39,680 --> 00:54:43,200
Speaker 1: even if every customer removes all of their assets, they'll

1064
00:54:43,200 --> 00:54:46,480
Speaker 1: still be fine. Confidence in this unsupported claim has been

1065
00:54:46,480 --> 00:54:49,960
Speaker 1: significantly undermined in recent days, however, by CZ's words and

1066
00:54:50,080 --> 00:54:54,680
Speaker 1: by his actions. First, Binance temporarily halted withdrawals of a

1067
00:54:54,719 --> 00:54:57,800
Speaker 1: certain type of coin, not exactly the behavior of a

1068
00:54:57,840 --> 00:55:00,600
Speaker 1: bank that is totally cool and not having any problems

1069
00:55:00,640 --> 00:55:03,360
Speaker 1: at all, but he assures us this was simply a

1070
00:55:03,400 --> 00:55:06,719
Speaker 1: timing issue and not actually a liquidity issue. So that

1071
00:55:06,880 --> 00:55:09,839
Speaker 1: day we had more users trying to buy or trying

1072
00:55:09,840 --> 00:55:13,799
Speaker 1: to with deposit the USD and withdrawing USDC, and we

1073
00:55:13,920 --> 00:55:16,000
Speaker 1: ran out of that, and the bank that does the

1074
00:55:16,040 --> 00:55:18,640
Speaker 1: conversion doesn't open for until six hours later. And that's

1075
00:55:18,640 --> 00:55:21,680
Speaker 1: a banking in New York. So we're actually blocked. This

1076
00:55:21,719 --> 00:55:24,400
Speaker 1: actually issue was actually caused by a bank. The only

1077
00:55:24,440 --> 00:55:26,800
Speaker 1: evidence we have for his claim that they are actually

1078
00:55:26,800 --> 00:55:30,800
Speaker 1: solvent and all good is a so called proof of reserves. Now, listen,

1079
00:55:30,960 --> 00:55:33,520
Speaker 1: the proof of reserves is already pretty weak TEA. The

1080
00:55:33,560 --> 00:55:37,160
Speaker 1: process and output very different from an independent audit shows

1081
00:55:37,200 --> 00:55:39,600
Speaker 1: what assets a firm has, but does not show what

1082
00:55:39,800 --> 00:55:43,160
Speaker 1: money they might owe to other entities. There's no analysis

1083
00:55:43,160 --> 00:55:45,640
Speaker 1: of other risks or whether the firm's bookkeeping and accounting

1084
00:55:45,640 --> 00:55:49,359
Speaker 1: methods are actually sound. Now, the firm that prepared that

1085
00:55:49,520 --> 00:55:52,560
Speaker 1: proof of reserves is called Mazaars, has pulled it down

1086
00:55:52,800 --> 00:55:55,640
Speaker 1: and they have stopped working with Binance and other crypto

1087
00:55:55,680 --> 00:55:58,960
Speaker 1: firms altogether. As they wrote in their explanation for halting

1088
00:55:59,000 --> 00:56:02,680
Speaker 1: service quote, proof of reserves do not constitute either an

1089
00:56:02,719 --> 00:56:06,319
Speaker 1: assurance or an audit opinion on subject matter. Instead, they

1090
00:56:06,360 --> 00:56:10,400
Speaker 1: report limited findings based on the agreed procedures performed on

1091
00:56:10,440 --> 00:56:13,640
Speaker 1: the subject matter at a historical point in time translation.

1092
00:56:14,160 --> 00:56:16,400
Speaker 1: Proof of reserves are bullshit to start with, and this

1093
00:56:16,480 --> 00:56:19,359
Speaker 1: firm no longer wants to be associated with them whatsoever.

1094
00:56:19,760 --> 00:56:22,879
Speaker 1: So we are left with nothing other than CZ's word,

1095
00:56:23,080 --> 00:56:25,720
Speaker 1: and the hosts at CNBC, at least so recently burned

1096
00:56:25,719 --> 00:56:29,120
Speaker 1: by SBF, are highly skeptical that that word is worth

1097
00:56:29,160 --> 00:56:33,040
Speaker 1: anything at all. Here they are asking him, Hey, if

1098
00:56:33,120 --> 00:56:35,719
Speaker 1: you are so financially strong, why don't you prove it

1099
00:56:35,760 --> 00:56:38,600
Speaker 1: with an audit by a reputable firm. This is where

1100
00:56:38,600 --> 00:56:41,600
Speaker 1: it gets really good. Take a listen. Audits don't reveal

1101
00:56:41,640 --> 00:56:46,920
Speaker 1: every problem, So auditor would reveal that CZ. If you

1102
00:56:46,960 --> 00:56:49,600
Speaker 1: could get a Big four auditor to say that. If

1103
00:56:49,680 --> 00:56:51,439
Speaker 1: you're saying that, some of them don't want to work

1104
00:56:51,480 --> 00:56:54,080
Speaker 1: with you, that raises questions too. They don't want to

1105
00:56:54,080 --> 00:56:56,799
Speaker 1: work with you because you don't have the files and

1106
00:56:56,840 --> 00:56:59,279
Speaker 1: the data that would make them feel comfortable signing off

1107
00:56:59,320 --> 00:57:03,279
Speaker 1: and get that stamp of approval. Actually, many of them

1108
00:57:03,320 --> 00:57:06,319
Speaker 1: don't even know how to audit cryptally changes. They don't.

1109
00:57:06,320 --> 00:57:08,960
Speaker 1: They don't, they don't really when they are, so when

1110
00:57:09,000 --> 00:57:11,359
Speaker 1: they audit, they are very used to auditing a firm

1111
00:57:11,480 --> 00:57:19,840
Speaker 1: those coin base coin Coinbase has a Big four auditor actually,

1112
00:57:19,920 --> 00:57:22,520
Speaker 1: I don't look at Coinbase. We don't really look at

1113
00:57:23,520 --> 00:57:26,120
Speaker 1: So did you catch that? CZ claims here that big

1114
00:57:26,160 --> 00:57:28,760
Speaker 1: four accounting firms they just don't know how to audit crypto.

1115
00:57:28,920 --> 00:57:31,320
Speaker 1: Problem is them, it's not me. And when he's faced

1116
00:57:31,320 --> 00:57:35,120
Speaker 1: with the fact that, oh, actually another crypto exchange, Coinbase,

1117
00:57:35,520 --> 00:57:38,600
Speaker 1: is audited by a Big four accounting firm, he stammers

1118
00:57:38,680 --> 00:57:42,560
Speaker 1: and pleads ignorance, brazenly caught live in a lie on air.

1119
00:57:42,920 --> 00:57:45,560
Speaker 1: So bottom line, CZ is asking you to put your

1120
00:57:45,560 --> 00:57:48,120
Speaker 1: face in a company that is based everywhere and nowhere,

1121
00:57:48,200 --> 00:57:50,240
Speaker 1: with a founder who has gone to extreme lengths to

1122
00:57:50,240 --> 00:57:53,960
Speaker 1: avoid regulatory scrutiny, who is reportedly fearful of stepping on

1123
00:57:54,200 --> 00:57:57,360
Speaker 1: US soil because he could be arrested, in an industry

1124
00:57:57,400 --> 00:58:01,440
Speaker 1: where lies, scams, and fraud are a core business model. Listen,

1125
00:58:02,040 --> 00:58:04,600
Speaker 1: maybe they weather the storm. They may well be able

1126
00:58:04,640 --> 00:58:07,720
Speaker 1: to live to fight another day. Maybe CZ is actually

1127
00:58:07,760 --> 00:58:10,160
Speaker 1: telling the truth and is really a man of his word.

1128
00:58:10,480 --> 00:58:14,040
Speaker 1: But bigger picture, it is no accident that shady characters

1129
00:58:14,040 --> 00:58:15,840
Speaker 1: have risen to the top of the crypto game. It's

1130
00:58:15,880 --> 00:58:18,920
Speaker 1: a wholly unregulated industry selling magic beans like they're a

1131
00:58:18,920 --> 00:58:22,000
Speaker 1: surefire ticket to riches. Do not be shocked when it's

1132
00:58:22,040 --> 00:58:24,880
Speaker 1: con men who are best positioned to succeed and when

1133
00:58:24,920 --> 00:58:28,760
Speaker 1: the bottom drops out of the next scheme. So listen

1134
00:58:28,800 --> 00:58:31,320
Speaker 1: if finance collapse that and if you want to hear

1135
00:58:31,400 --> 00:58:34,840
Speaker 1: my reaction to Crystal's monologue, become a premium subscriber today

1136
00:58:34,880 --> 00:58:40,320
Speaker 1: at Breakingpoints dot com. All right, Tzager, we are looking

1137
00:58:40,360 --> 00:58:43,200
Speaker 1: at well. December sixteenth is passed a few days ago.

1138
00:58:43,400 --> 00:58:45,200
Speaker 1: You probably didn't really think too much about it, but

1139
00:58:45,280 --> 00:58:47,520
Speaker 1: in reality it was actually a very important date for

1140
00:58:47,520 --> 00:58:50,560
Speaker 1: those interested in the UFO topic. As my friend Jeremy

1141
00:58:50,560 --> 00:58:53,320
Speaker 1: Corbel reminded me, it's five years to the day since

1142
00:58:53,360 --> 00:58:55,240
Speaker 1: The New York Times first published one of the most

1143
00:58:55,280 --> 00:58:59,640
Speaker 1: extraordinary admissions of our lifetime. UFOs or UAPs, whatever they

1144
00:58:59,640 --> 00:59:02,560
Speaker 1: want to call them, they're real, they're video and credible

1145
00:59:02,600 --> 00:59:05,640
Speaker 1: accounts of seeing them inside the Pentagon. There's been, of course,

1146
00:59:05,800 --> 00:59:08,440
Speaker 1: fierce debate on the UFO topics since the publication of

1147
00:59:08,480 --> 00:59:11,720
Speaker 1: that article. Are the pilots diluted? Was it equipment malfunction?

1148
00:59:11,880 --> 00:59:14,440
Speaker 1: Was it a failure? Does it have a terrestrial explanation

1149
00:59:14,560 --> 00:59:17,840
Speaker 1: like China or Russia? Is it the US government? The point, though,

1150
00:59:17,880 --> 00:59:20,240
Speaker 1: is that since the publication of that article, a genuine

1151
00:59:20,240 --> 00:59:23,640
Speaker 1: sea change has occurred here in Washington, where public pressure

1152
00:59:23,640 --> 00:59:26,080
Speaker 1: and an inside campaign by pissed off Navy and Air

1153
00:59:26,120 --> 00:59:29,640
Speaker 1: Force eightators has forced the issue so far forward that

1154
00:59:29,680 --> 00:59:32,560
Speaker 1: we know more today than arguably at any time since

1155
00:59:32,560 --> 00:59:35,840
Speaker 1: the Roswell incident in nineteen forty seven. However, as always

1156
00:59:35,880 --> 00:59:38,120
Speaker 1: with the UFO topic, we have our chief foe in

1157
00:59:38,160 --> 00:59:40,720
Speaker 1: trying to learn more about possibly one of the most

1158
00:59:40,720 --> 00:59:44,560
Speaker 1: important things facing humanity today. Almost since the day of Roswell,

1159
00:59:44,600 --> 00:59:47,120
Speaker 1: the Pentagon, through its initial Project Bluebook and many other

1160
00:59:47,160 --> 00:59:49,800
Speaker 1: secret programs, has done its best to cover up UFO

1161
00:59:49,880 --> 00:59:53,880
Speaker 1: information from the American public, smearing pilots, believers and sighters,

1162
00:59:54,040 --> 00:59:57,560
Speaker 1: obfuscating evidence, spending the institutional media to direct the interest

1163
00:59:57,600 --> 00:59:59,960
Speaker 1: in the topic towards things that they can at least control,

1164
01:00:00,160 --> 01:00:03,240
Speaker 1: or at the very least pushed the public away from curiosity.

1165
01:00:03,440 --> 01:00:06,240
Speaker 1: Since the publication of that Time's article, their hand has

1166
01:00:06,240 --> 01:00:09,200
Speaker 1: now been forced by Congress. Congress, of course, had its

1167
01:00:09,240 --> 01:00:11,800
Speaker 1: interest piqued in what the Pentagon was hiding, and has

1168
01:00:11,800 --> 01:00:15,120
Speaker 1: since mandated the release of two separate reports from the

1169
01:00:15,120 --> 01:00:19,000
Speaker 1: Pentagon asking what it knows about UFOs. Those reports themselves

1170
01:00:19,000 --> 01:00:22,000
Speaker 1: have been shrouded in misdirection and in media campaigns, but

1171
01:00:22,080 --> 01:00:25,000
Speaker 1: bears reviewing them both on its face. The first was

1172
01:00:25,040 --> 01:00:29,840
Speaker 1: extraordinary because the Pentagon basically admitted and at least eighteen

1173
01:00:29,960 --> 01:00:34,960
Speaker 1: known instances UFOs demonstrated in advanced technology unknown to human science,

1174
01:00:35,040 --> 01:00:37,439
Speaker 1: that they have zero information to explain it at all.

1175
01:00:37,680 --> 01:00:39,520
Speaker 1: But of course that's not how the Pentagon spun it.

1176
01:00:39,520 --> 01:00:41,680
Speaker 1: They went their pet outlets at the New York Times

1177
01:00:42,160 --> 01:00:44,680
Speaker 1: got the headline that they wanted. Government report finds no

1178
01:00:44,760 --> 01:00:47,840
Speaker 1: evidence the UFOs were alien spacecraft, they blared, which was

1179
01:00:47,880 --> 01:00:50,600
Speaker 1: then picked up by several outlets. What they failed to

1180
01:00:50,640 --> 01:00:53,400
Speaker 1: mention is that they also found no evidence for or against.

1181
01:00:53,640 --> 01:00:56,880
Speaker 1: They just didn't find anything. That seems pretty important to

1182
01:00:56,960 --> 01:01:00,120
Speaker 1: point out now. Despite their machinations, they failed again and

1183
01:01:00,120 --> 01:01:03,440
Speaker 1: Congress demanded even more, resulting in another report that actually

1184
01:01:03,480 --> 01:01:06,840
Speaker 1: dropped this October. Again, The Times gained early access to

1185
01:01:06,880 --> 01:01:09,240
Speaker 1: this classified document and they spun it in the way

1186
01:01:09,280 --> 01:01:12,880
Speaker 1: that the Pentagon wanted. Quote many military UFO reports are

1187
01:01:12,880 --> 01:01:15,960
Speaker 1: just foreign spying or airborne trash that it reads revealing

1188
01:01:16,000 --> 01:01:19,680
Speaker 1: a few couple of insane things. Number one, apparently Chinese

1189
01:01:19,720 --> 01:01:22,680
Speaker 1: made drones are frequently flying over US airspace and US

1190
01:01:22,760 --> 01:01:26,560
Speaker 1: nuclear facilities all the time. That is crazy on its own.

1191
01:01:26,760 --> 01:01:30,280
Speaker 1: It also offered some possible terrestrial explanations for the original

1192
01:01:30,680 --> 01:01:34,440
Speaker 1: twenty seventeen videos. But furthermore, it still admitted some pretty

1193
01:01:34,440 --> 01:01:38,600
Speaker 1: extraordinary things. Number One, many UFO sidings have conventional and

1194
01:01:38,680 --> 01:01:42,280
Speaker 1: even foreign spying explanations, which but many don't have any

1195
01:01:42,400 --> 01:01:44,720
Speaker 1: at all. And as I wrote at the time, quote

1196
01:01:44,840 --> 01:01:48,240
Speaker 1: nobody in the UFO community has ever disputed many of

1197
01:01:48,280 --> 01:01:51,840
Speaker 1: these incidents have conventional explanations. They've always been focused on

1198
01:01:51,880 --> 01:01:54,640
Speaker 1: the point one percent, which are fantastic mysteries. And the

1199
01:01:54,680 --> 01:01:57,160
Speaker 1: Pentagon wants this narrative out there so they don't face

1200
01:01:57,200 --> 01:02:00,360
Speaker 1: public and or congressional pressure as always though they are

1201
01:02:00,360 --> 01:02:03,040
Speaker 1: masters of the game. That's why when the entire discourse

1202
01:02:03,120 --> 01:02:06,560
Speaker 1: was on fire about Elon banning journalists and whether posting

1203
01:02:06,600 --> 01:02:10,720
Speaker 1: publicly available flight data is docsing, another amazing event happened

1204
01:02:10,800 --> 01:02:14,200
Speaker 1: right here in Washington that nobody's noticing. The Pentagon convened

1205
01:02:14,280 --> 01:02:17,480
Speaker 1: a handpicked list of journalists and decided to talk just

1206
01:02:17,520 --> 01:02:19,480
Speaker 1: a little, only for twenty minutes or so about the

1207
01:02:19,560 --> 01:02:22,680
Speaker 1: UFOs on the record, what is known or not. I

1208
01:02:22,720 --> 01:02:25,040
Speaker 1: went through that transcript, and I was astounded by some

1209
01:02:25,080 --> 01:02:27,960
Speaker 1: of the admissions. First, is this a question poised to

1210
01:02:27,960 --> 01:02:30,400
Speaker 1: the new head of the Pentagon UFO task Force, does

1211
01:02:30,480 --> 01:02:32,720
Speaker 1: any of the incidents that you're looking at represent a

1212
01:02:32,760 --> 01:02:36,760
Speaker 1: threat to US national security? His response was an unequivocal yes.

1213
01:02:37,040 --> 01:02:39,960
Speaker 1: Next question, the Pentagon then, is also not just reviewing

1214
01:02:40,160 --> 01:02:42,760
Speaker 1: one hundred and forty four originally described incidents that it

1215
01:02:42,760 --> 01:02:46,320
Speaker 1: can explain. It now has quote several hundred that don't

1216
01:02:46,320 --> 01:02:49,840
Speaker 1: bear any human or known explanation under review. That is

1217
01:02:50,040 --> 01:02:54,880
Speaker 1: also a new definition of UAP or UFO. The Pentagon

1218
01:02:55,000 --> 01:02:58,360
Speaker 1: is expanding its search into past incidents to even include

1219
01:02:58,440 --> 01:03:03,960
Speaker 1: quote submerged and trans medium objects which fly or move underwater.

1220
01:03:04,280 --> 01:03:06,600
Speaker 1: And then, finally, my personal favorite, it's an answer on

1221
01:03:06,640 --> 01:03:09,880
Speaker 1: the question of whether the Pentagon has any evidence of

1222
01:03:10,000 --> 01:03:13,440
Speaker 1: alien life or evidence from past crash landings. The new

1223
01:03:13,480 --> 01:03:17,640
Speaker 1: head hedged his answer very carefully, saying, quote, in terms

1224
01:03:17,680 --> 01:03:20,880
Speaker 1: of holdings that I have seen, holdings that we have

1225
01:03:20,920 --> 01:03:24,200
Speaker 1: gone through, I have not yet seen anything in those

1226
01:03:24,240 --> 01:03:27,240
Speaker 1: holdings to date that would suggest there has been an

1227
01:03:27,280 --> 01:03:31,640
Speaker 1: alien visitation or an alien crash. Note the operative word

1228
01:03:32,000 --> 01:03:35,360
Speaker 1: that I have seen. Also by definition, what did he

1229
01:03:35,480 --> 01:03:39,120
Speaker 1: just admit there are holdings of what kind he does

1230
01:03:39,160 --> 01:03:42,680
Speaker 1: not elaborate. He even admitted there are quote many compartmented

1231
01:03:42,720 --> 01:03:45,400
Speaker 1: programs that this department has had over the years that

1232
01:03:45,440 --> 01:03:49,000
Speaker 1: are charged with quote such holdings. It's extraordinary stuff here.

1233
01:03:49,240 --> 01:03:51,600
Speaker 1: And to finalize, what does the media go with? You

1234
01:03:51,680 --> 01:03:54,919
Speaker 1: already know headline from the Washington Post, no alien life

1235
01:03:54,960 --> 01:03:58,760
Speaker 1: discovered on Earth. Pentagon says it's almost comical at this point.

1236
01:03:58,920 --> 01:04:01,040
Speaker 1: They say they have no evidence for it. There's also

1237
01:04:01,080 --> 01:04:03,600
Speaker 1: now against it either. The truth is we just don't know.

1238
01:04:03,920 --> 01:04:06,960
Speaker 1: All we're left with right now, the questions mysteries, Well

1239
01:04:07,000 --> 01:04:10,000
Speaker 1: we ever really know the answer? Probably not honestly, But

1240
01:04:10,360 --> 01:04:12,480
Speaker 1: you've got to keep pressing. It's just too interesting of

1241
01:04:12,520 --> 01:04:15,360
Speaker 1: a thing to let go. I really enjoyed reading through

1242
01:04:15,360 --> 01:04:17,800
Speaker 1: that transcript, and if you want to hear my reaction

1243
01:04:17,880 --> 01:04:21,560
Speaker 1: to Sagres's monologue, become a premium subscriber today at Breakingpoints

1244
01:04:21,560 --> 01:04:26,200
Speaker 1: dot com. All right, guys, we've got a great show

1245
01:04:26,240 --> 01:04:29,320
Speaker 1: for you. Guys plan tomorrow and a great week. Happy holidays.

1246
01:04:29,560 --> 01:04:32,120
Speaker 1: Merry Christmas week, isn't it? We could say that right,

1247
01:04:32,200 --> 01:04:34,760
Speaker 1: Merry Christmas week? Sure, it is an entire holiday, and

1248
01:04:34,800 --> 01:04:36,560
Speaker 1: I think Honka is happening right now? Is it today?

1249
01:04:36,560 --> 01:04:38,720
Speaker 1: All right? I think it's going on. There we go,

1250
01:04:38,720 --> 01:04:41,800
Speaker 1: I don't know. I gotta eat some latkos Man. Although

1251
01:04:41,840 --> 01:04:44,240
Speaker 1: I'm more of a sour cream guy, not an apple

1252
01:04:44,240 --> 01:04:47,360
Speaker 1: sauce guy. I've never understand same apple sauce with potatoes.

1253
01:04:47,600 --> 01:04:50,680
Speaker 1: What do you people talking about? Madness? Enjoy the dradal

1254
01:04:51,280 --> 01:04:53,200
Speaker 1: all that other stuff. We'll see you guys tomorrow. I

1255
01:04:53,240 --> 01:05:01,520
Speaker 1: love you guys. See you tomorrow. The