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Speaker 1: Hey, guys, Saga and Crystal here.

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Speaker 4: Democrat Seth Moulton, who's running for Senate in Massachusetts, is

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Speaker 4: now saying he's refusing all eight PAC contributions and will

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Speaker 4: return what he's gotten. Meanwhile, Pennsylvania Governor Josh Shapiro getting

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Speaker 4: pressed on the question. Let's look at how he responded.

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Speaker 5: To it article in the New York Times about Democrats

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Speaker 5: pulling away from APEC. So clearly it's having some impact

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Speaker 5: on them politically. Of d Field like they got to

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Speaker 5: I mean, I think it's become a political issue. You've

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Speaker 5: used it as a political issue.

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Speaker 6: You've questionederal representatives when they're on here on that. I mean,

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Speaker 6: I think if I can say this to you, you know,

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Speaker 6: not trying to offend you here, but I think it's

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Speaker 6: a little bit of a shortcut and a little bit

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Speaker 6: of a lazy question. I think the better question is

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Speaker 6: how do you really feel about Israel? How you feel

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Speaker 6: about a two state solution, how do you feel about

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Speaker 6: the war? How do you feel about you know, the

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Speaker 6: hostages or hungry kids or what have you. I think

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Speaker 6: I think demanding answers on those questions is more important

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Speaker 6: than Hey, what about this lobbying group or that lobbying group.

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Speaker 5: Well, what do you say to the critics who argue

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Speaker 5: that US foreign policy on Israel is often shaped not

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Speaker 5: by a national interest, well by the lobbying.

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Speaker 6: Scrample of I think that's a fair conversation to have,

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Speaker 6: and I think it should be on any elected official

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Speaker 6: at the federal level to say, hey, I'm listening to

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Speaker 6: this group, but by the way, there's groups on other

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Speaker 6: sides too.

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Speaker 3: I'm listening to that group.

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Speaker 6: But at the end of the day, we want our

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Speaker 6: federal representatives to be able to sit here in this

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Speaker 6: chair and answer the questions about why they vot voted A,

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Speaker 6: or why they voted B, or why they feel a

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Speaker 6: certain way. And I think it's just a little lazy

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Speaker 6: to say, oh, it's got to be because of that

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Speaker 6: interest group. Maybe someone actually believes those those views, or

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Speaker 6: maybe someone feels strongly about that particular way.

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Speaker 4: And so the thing he said at the end there,

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Speaker 4: and we'll get into Molten in a second when we

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Speaker 4: get Szager's take on this.

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Speaker 3: I think he said at the end there we said, Okay.

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Speaker 4: Well, you've got the lobbying group APAC on the one side,

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Speaker 4: and then you've got the lobbying groups on the other side.

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Speaker 4: That's actually false. There is not a yeah lobbying group

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Speaker 4: on the other side. The only thing that would come

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Speaker 4: remotely close might be care. The Council on American Islamic

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Speaker 4: Relations cares budget annual budgets like ten million dollars.

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Speaker 3: A PAC spent more than that in.

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Speaker 4: One house race last year, double that in one house right,

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Speaker 4: So the entire national budget of the organization that they

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Speaker 4: would say is like on the other side, can't even

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Speaker 4: compete with them in a single house race.

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Speaker 7: So it's just not true.

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Speaker 4: And so the problem I have with Shapiro's response there,

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Speaker 4: this is what curious to take on is, rather than

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Speaker 4: answering the question.

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Speaker 7: Too often when people.

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Speaker 4: Ask this question, they're told you're not asking the right question.

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Speaker 4: You should ask other questions. It's like, no, you know what,

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Speaker 4: we're adults, like, this is the question I have, and

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Speaker 4: this is the question I want to answer to.

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Speaker 1: Dude, we will ask whatever we want to say.

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Speaker 3: It's a lazy question, is because you're uncomfortable answering it

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Speaker 3: because you're pro Israel. And this is what drives me

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Speaker 3: crazy about these politicians is fundamentally, let's say Charlemagne a right,

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Speaker 3: Charlemagne is not one of us. He doesn't as far

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Speaker 3: as I know, he doesn't follow this stuff day in

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Speaker 3: and day out.

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Speaker 1: It's not his full time gig.

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Speaker 3: It's just politics, right, So for him, APAC is a

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Speaker 3: proxy for political control and Israel and he's pissed off

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Speaker 3: about the war in Gaza. That's it.

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Speaker 1: That's the question.

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Speaker 3: So answer that question, which Shapiro doesn't want to answer.

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Speaker 3: Why does he not want to answer that because he

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Speaker 3: supports it, right at the end of the day, he's

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Speaker 3: one of those people who's like.

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Speaker 1: Yeah, and yahoo's real problem.

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Speaker 3: But Israel is a place where gay people can get married, right, Like,

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Speaker 3: this is the line that's basically baked into them. Remember Also,

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Speaker 3: what was that collajap ed that Shapiro wrote about the IDF.

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Speaker 3: I don't I'd have.

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Speaker 1: To know and to check.

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Speaker 3: It was genuinely crazy though, And it's one of those

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Speaker 3: where with Josh Shapiro, this is going to be a

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Speaker 3: political problem for him because I don't know what it is.

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Speaker 1: I don't know why.

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Speaker 3: It could be religious, it could be his own personal feelings,

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Speaker 3: it could just be genuine like not swimming in the

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Speaker 3: world of today's democratic base. But him knew some and

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Speaker 3: who am I? Who is my missing who messed up

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Speaker 3: on the APAC question? But I mean, these are the

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Speaker 3: two highest profile actual contenders. The fact that they can't

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Speaker 3: do oh court book, that's what the three of them.

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Speaker 3: The fact that they have never grappled with this, it's like,

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Speaker 3: I don't know, I'm sorry. The sheer lack of political

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Speaker 3: real talent is the ability to thread the needle on

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Speaker 3: that question.

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Speaker 1: I haven't seen a single one of them been able

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Speaker 1: to do that.

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Speaker 3: Yeah.

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Speaker 7: Newsom had a similar response.

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Speaker 1: He flubbed it.

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Speaker 4: He said, I think it's interesting he Rather than answering

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Speaker 4: the question, he confronted the idea of the question.

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Speaker 3: Right, I find the question interesting.

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Speaker 4: Yeah, I find the question interesting, which makes trying to

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Speaker 4: make some illusions or something there yea. And then Booker

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Speaker 4: also was like, you know, I don't get asked about

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Speaker 4: this a lot, and like, you know, what about uh?

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Speaker 4: And then and then he he really faced planted with

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Speaker 4: the why does anybody ask me about Nigeria.

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Speaker 7: Or Sudan?

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Speaker 4: And if you check his like statements over the last

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Speaker 4: five years, there's like one about Nigeria and had nothing

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Speaker 4: to do with what he's talking about, Like, oh, it's

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Speaker 4: like wait, wait a minute, you don't talk about.

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Speaker 3: That either, So yeah, out of what also are we

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Speaker 3: funding that? That's what they always do. The Christians are

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Speaker 3: being slaughtered in Nigeria. I'm like, wow, that's horrible. How

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Speaker 3: much are we paying for that? And yeah, exactly right.

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Speaker 7: And so Moulton.

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Speaker 4: Is trying to thread an interesting needle here because he's

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Speaker 4: saying he's still very much pro Israel, but he doesn't

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Speaker 4: like the NET and Yahoo government, and he said apax

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Speaker 4: problem is that they are too reflexively and unapologetically supportive,

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Speaker 4: specifically of the NET Yahoo government. Let's roll see two

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Speaker 4: and then get APAX response and unpack.

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Speaker 8: This has shown that Democrats do not support what has

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Speaker 8: happened in Gaza and that they've pulled away from support

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Speaker 8: for Israel. Or is it just that you yourself have

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Speaker 8: seen the images of what's transpired in this war and

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Speaker 8: that it's reshaped the way you see the United States

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Speaker 8: relationship to Israel.

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Speaker 9: Look, the United States relationship to Israel is incredibly important.

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Speaker 9: But I strongly disagree with the current Israeli government under

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Speaker 9: bb netan Yahoo, and I've been.

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Speaker 7: Very outspoken about this for quite some time.

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Speaker 9: I mean, in fact, I wrote an op ed just

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Speaker 9: after October seventh, right after those Hannus attacks, saying that

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Speaker 9: bb Net Yahoo needs to have a political plan for

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Speaker 9: the future for Palestinians and for Israelis to live peacefully

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Speaker 9: side by side.

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Speaker 7: He still doesn't have that plan.

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Speaker 9: So after months and months of pressuring the Israeli government,

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Speaker 9: pressuring APAC itself to not just follow the Israeli government,

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Speaker 9: I finally decided that I just cannot accept a contributions

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Speaker 9: from an organization whose mission is to support the current

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Speaker 9: government in Israel.

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Speaker 10: Congressman, but let me just faw up on that really quickly.

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Speaker 10: How do you reconcile rejecting a PAC money but still

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Speaker 10: voting for the same policies that APAC is advocating for.

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Speaker 10: You have continuously supported sending offense at cuchers.

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Speaker 7: I frequently disagreed with APAC.

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Speaker 3: I know you disagree with You have been voting for wait,

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Speaker 3: slow down, slow down. I didn't finish my question.

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Speaker 10: Then I didn't finish my question. I was saying, you

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Speaker 10: voted for sending weapons to Israel, which is something APAC

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Speaker 10: has advocated for.

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Speaker 9: Okay, so sure there are some votes that will agree on.

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Speaker 1: Very interesting, Ryan, I don't know.

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Speaker 3: I mean, it's one of those where it does take

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Speaker 3: some level of political courage to say no, I won't

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Speaker 3: take a single apacked off.

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Speaker 4: Now, I'm not saying this is a response running from massachusetent.

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Speaker 3: And he's running from Massachusetts Senate, and he's got a

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Speaker 3: couple of things on his side. Right, So he's young,

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Speaker 3: that's number one, is running against an opponent who is

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Speaker 3: much older. That being said, remember ed Marky survived a

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Speaker 3: primary challenge from one of the Kennedy claner. Yeah.

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Speaker 7: First Kennedy to lose.

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Speaker 3: Yeah, the first Kennedy to lose in the state.

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Speaker 1: Of massachusetsquired to remember which one it was.

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Speaker 3: There you go, And what I remember if I recall

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Speaker 3: again the race, which I covered extensively with Crystal, was

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Speaker 3: that he really embraced a lot of the youth vote,

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Speaker 3: the Green Deal, Sunrise movies this time around, though, this

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Speaker 3: is a very smart thing for Seth Molton to do

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Speaker 3: by I mean, it's a big headline no matter what,

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Speaker 3: and it's one of those where regardless of whether he's

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Speaker 3: threading the needle or not, the truth is is that

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Speaker 3: I've said this, I think we've all said this here

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Speaker 3: on the show. What you want to do is to

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Speaker 3: make your position politically politically convenient. Politicians are soulless scum.

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Speaker 3: They believe in almost almost all of them believe in nothing.

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Speaker 3: So what you want is for your position to be

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Speaker 3: the cynical choice. That's how you really win, all right,

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Speaker 3: That's how the neocons won, That's how the Israel lobbie won.

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Speaker 3: You think half of these people care about Israel? No, okay,

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Speaker 3: we just thought free money, easy way to get elected. Yeah,

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Speaker 3: you gotta go and kiss the wall. Sometimes it is

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Speaker 3: what it is. Now you flip that around. And that's

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Speaker 3: really how, in my opinion, you win to see change

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Speaker 3: in politics.

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Speaker 4: And he's looking over his shoulder a little bit too,

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Speaker 4: because Aana Presley has been eyeing this. Oh I didn't

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Speaker 4: know this Senate see, and was hoping that Edmark he

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Speaker 4: would not run for reelection.

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Speaker 7: He frankly should And I mean, come on, man, there's

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Speaker 7: plenty you go go ahead, like, enjoy your life.

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Speaker 3: Yes, how old is he eighty something?

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Speaker 1: Yeah?

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Speaker 3: He's like, yeah, it's too much.

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Speaker 1: Listen. I couldn't agree with you more.

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Speaker 3: Between Janet Mills, between him, I mean, Schumer and the

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Speaker 3: rest of these people. I just I feel like it's

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Speaker 3: like a movie scene. I'm like, do you have any shame? Like,

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Speaker 3: have you no shame?

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Speaker 11: Sir?

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Speaker 3: Seriously?

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Speaker 4: And because Presley came in with the squad, you know,

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Speaker 4: she's been critical of Yau in general specifically, but also

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Speaker 4: Israel more broadly, and so if she gets into the

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Speaker 4: race too, that'll that'll make it interesting. But let's throw

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Speaker 4: up APAX response here. We have it in front of us. Apax,

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Speaker 4: says Representative Moulton is abandoning his friends to grab a

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Speaker 4: headline capitulating to the extremes rather than standing on conviction.

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Speaker 3: His statement, they should say business.

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Speaker 4: When are people going to start saying in statements rather

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Speaker 4: than standing on business. His statement comes after years of

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Speaker 4: him repeatedly asking for our endorsement and is a clear

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Speaker 4: message to APAC members in Massachusetts and millions of pro

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Speaker 4: Israel Democrats nationwide that he rejects their support.

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Speaker 7: And will not stand with them.

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Speaker 4: Yeah, I mean no laws detected throughout that he definitely

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Speaker 4: has been asking for their support.

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Speaker 7: And then to go back to.

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Speaker 4: Aman Moyal Deane's point, he's still voting for weapons for Israel,

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Speaker 4: which is still going to be a significant liability. But

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Speaker 4: I think the public would at least prefer if you're

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Speaker 4: doing that, at least you're doing it because you really

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Speaker 4: love sending weapons to a genocidal state and not because

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Speaker 4: member multiple Sick in this town has been the national

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Speaker 4: Security Democrats as he came to Washington.

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Speaker 3: I mean a lot of us, lot of people, we

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Speaker 3: don't follow this stuff day in and day out. I

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Speaker 3: remember in the old days when he was like, I'm

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Speaker 3: the national Security Democrat, right, And immediately after the election

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Speaker 3: he actually came out what did he say? He said

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Speaker 3: something about because I remember this is why this is

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Speaker 3: relevant to our next element.

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Speaker 1: I need to find it.

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Speaker 3: Why don't you put the next element operating so I'll

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Speaker 3: find exactly what we said.

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Speaker 4: And he tried to organize a challenge to Pelosi around

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Speaker 4: this kind of thing, So yeah, put up the Dave

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Speaker 4: Weigel element. Next, he says Senator at market facing a

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Speaker 4: challenge from Moulton where a trans writes flag during his

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Speaker 4: note king speech, and Wygel correctly adds the context here,

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Speaker 4: which is that Moulton said after the election he didn't

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Speaker 4: want his daughter's quote getting run over on a playing

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Speaker 4: field by a male or formerly male athlete unquote.

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Speaker 7: Saying that.

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Speaker 4: Democrats need to, you know, reorganize their position, particularly when

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Speaker 4: it comes to trans athletes and you know who plays

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Speaker 4: in which, yeah.

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Speaker 7: I have the full quote.

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Speaker 3: Democrats spend way too much time trying to offend anyone

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Speaker 3: other other than being brutally on about the challenges many

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Speaker 3: American space.

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Speaker 1: I have two little girls.

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Speaker 3: I don't want them getting run over on a playing

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Speaker 3: field by a male or formerly male athlete. As a Democrat,

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Speaker 3: I'm supposed to be afraid to say that. To be clear,

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Speaker 3: I firmly believe there was reasonable restrictions on transi or

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Speaker 3: athletes in competitive sports. Now, obviously I'm not a Democrat

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Speaker 3: in Massachusetts, so makes sense to me. But apparently that's

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Speaker 3: a very difficult position for some Democrats to take.

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Speaker 4: It's very interesting because that's it's like an eighty twenty

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Speaker 4: issue that where where you're talking about if you talk

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Speaker 4: about post puberty. Yeah, like eighty plus maybe ninety plus

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Speaker 4: percent of people will say that people should kids should

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Speaker 4: play in the sports where they're assigned generate birth. That

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Speaker 4: this that this idea where you're gonna have a high school.

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Speaker 4: It was like trans and switching. Like when it comes

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Speaker 4: to a general election, they're losing that terribly. It's very

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Speaker 4: interesting that Marky thinks that in a Democratic primary he's

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Speaker 4: going to win, He's gonna win this eighty twenty issue.

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Speaker 7: On the other side, it might be right, and he

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Speaker 7: might be right.

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Speaker 3: There's been a lot of trans retrenchment if you ask me,

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Speaker 3: I mean, it's kind of interesting. We haven't been able

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Speaker 3: to cover it, but trans identification is at record lows already,

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Speaker 3: basically proving it's a social contagion. Sorry, yes, that's correct,

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Speaker 3: always has been. But the point actually broadly around the

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Speaker 3: transports issue and this is more of my political analysts

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Speaker 3: had on is. I could see how he would get

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Speaker 3: attacked for what's the language they always use, like throwing

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Speaker 3: trans people under the even though quite literally he's talking

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Speaker 3: about athletes. I could see how the activist and democratic

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Speaker 3: class would say that giving an inch in any way

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Speaker 3: to the Republicans on this issue is cowardly. Again, this

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Speaker 3: is not a general election point. This is a democratic primary.

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Speaker 4: And nobody will talk about this honestly though, because there

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Speaker 4: are a lot of transactivists who disagree with that and

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Speaker 4: who say it is wrong to die on this hill,

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Speaker 4: because if we die on this hill.

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Speaker 7: Then we're all getting swept away.

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Speaker 4: And there are plenty of trans people who are all

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Speaker 4: the eighty side of this eighty twenty issue like no,

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Speaker 4: like stop, like Leah Thomas should not be swimming against

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Speaker 4: other women, like whatever. Yeah, but I don't see a

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Speaker 4: lot of those people speaking up, Brian. They don't know

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Speaker 4: that that's that's the point. But if you talk to them,

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Speaker 4: either privately or yes, like but you're right, like well, listen,

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Speaker 4: I hope you win this conversation, they would find that

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Speaker 4: it is that there is not a monolithic kind of

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Speaker 4: transposition on.

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Speaker 3: This well, it doesn't seem that way with the activist class.

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Speaker 1: Again, we'll see. I don't know.

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Speaker 3: I mean, I'm not speaking. I'm being fairly certain that there.

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Speaker 3: I know, I don't remember exactly who. There was somebody

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Speaker 3: in the I think it was Emma Biglin who attacked

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Speaker 3: him over this, if I recall. Right, so there's going

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Speaker 3: to be some activist pressure Molten because this was the

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Speaker 3: very days after he got election.

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Speaker 1: He got hit by it.

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Speaker 3: Everybody. Yeah, but that's my question is politically in the

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Speaker 3: democratic basse Listen, I get it because a lot of

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Speaker 3: Republicans are like this too. They don't want to give

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Speaker 3: the enemy a single inch, right, They're like, no, we

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Speaker 3: fight together. We don't concede a single point of what

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Speaker 3: we got wrong or of what is unpopular. We just

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Speaker 3: continue to fight. I could see Markie making that into

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Speaker 3: an issue, but that this is the other thing where

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Speaker 3: issue and all of that aside. Shouldn't it just be

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Speaker 3: Pressley versus multi. I mean, dude, you're eighty years old,

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Speaker 3: like you need to leave you're going to be eighty.

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Speaker 3: Let me get his age exactly correctly, But I mean

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Speaker 3: this should be it's just completely seventy nine, right, he's

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Speaker 3: running for reelection, or at least for right now he

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Speaker 3: would be eighty six eighty seven when he ended is

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Speaker 3: termed why are we okay with that? I'm sorry, Like,

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Speaker 3: how are you going to beat the Kennedys and say

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Speaker 3: we don't have dynasties in this country? And then nearly

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Speaker 3: put put yourself in a position where statistically you're going

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Speaker 3: to die in office. It's so it's the height of

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Speaker 3: selfishness and all these people. Yeah, and I think Iana Pressley,

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Speaker 3: if you're watching, should just jumpeah you run and you

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Speaker 3: can take the trans Leah Thomas position, all right, and

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Speaker 3: then we can actually have a real debate and.

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Speaker 7: That might push it lay out.

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Speaker 3: Yeah maybe right, that would actually because that's when I

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Speaker 3: can't stand more than the trance thing. I would rather

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Speaker 3: it like God, like, I'm so sick of these people

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Speaker 3: who aren't hanging on the office. It's disgusting, it actually is,

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Speaker 3: and it's so disrespectful. I think to the people of Massachusetts,

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Speaker 3: it's a blue it's a hard blue state. They deserve

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Speaker 3: to actually like have a raucous, interesting primary new generation

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Speaker 3: actual representation in their state.

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Speaker 1: That's who they are, right, I mean it's a.

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Speaker 3: Very productive state, a lot of history and all that,

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Speaker 3: and to have somebody who's that old, like, I'm sorry,

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Speaker 3: I know how the Senate works.

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Speaker 1: They don't work that hard for you. They just don't.

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Speaker 1: They have a nap all the time.

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Speaker 3: They don't.

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Speaker 1: They're basically like.

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Speaker 3: You know, even for travel and everything, they just will

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Speaker 3: not have the same amount of viga in the words

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Speaker 3: of John F. Kennedy, that any younger person will. It's

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Speaker 3: just it's simple. Your time is up, dude, Like, yeah,

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Speaker 3: he's been. He has served twenty terms in the US Congress.

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Speaker 3: That's insane, and he still wants to keep going to

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Speaker 3: was he class of seventy two?

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Speaker 1: Let me find seventy six?

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Speaker 7: Six is a newcomer.

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Speaker 1: Here's what you got.

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Speaker 3: Here's how old Ed Marky is as the US Representative

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Speaker 3: for massachus from nineteen six twenty thirteen. He entered the

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Speaker 3: year after the helicopter left the US Embassy of Saigon,

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Speaker 3: which is black and white photo. That is how old

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Speaker 3: this man is. That's how like the way that I

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Speaker 3: think about a Ken Burns documentary. He was literally watching

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Speaker 3: that on TV and served in the US Congress the

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Speaker 3: year after that. I'm sorry, like if you can remember that,

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Speaker 3: you gotta go turning out to Epstein. We didn't have

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Speaker 3: time to get into this, and it actually is worth

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Speaker 3: fully going through all of the new information. Let's go

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Speaker 3: ahead and put this up here on the screen. This

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Speaker 3: was from a new release by the House Oversight Committee,

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Speaker 3: which detailed a bunch of new Epstein files, as well

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Speaker 3: as an interview with Alex Acosta, who was the prosecutor

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Speaker 3: who ended up giving Epstein his sweetheart deal.

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Speaker 1: Julie K. Brown, huge shout out to her from the

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Speaker 1: Miami Herald.

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Speaker 3: She's been covering this stuff from day one, and I

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Speaker 3: looked to her always for some of her information, even

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Speaker 3: more detailed knowledge of the case than I do. What

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Speaker 3: she was able to uncover is that Matthew Menschell, who

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Speaker 3: was the chief of the Criminal Division of the Miami

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Speaker 3: US Attorney Office and helped negotiate Epstein's sweetheart deal which

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Speaker 3: allowed him to be released in two thousand and nine,

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Speaker 3: is listed multiple times as having dinner and meetings with

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Speaker 3: Epstein after leaving the US Attorney's office. So this is

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Speaker 3: a huge bombshell because this is years after his release.

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Speaker 4: Is a purse of that one, Yeah, go ahead, just

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Speaker 4: this is for context for later. Notice on that one

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Speaker 4: eleven thirty appointment with Leon Black.

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Speaker 1: Oh yeah, oh, I'll get back to that one. Yeah,

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Speaker 1: don't worry.

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Speaker 3: Same day I'm coming back to Leon there, right, all right, Leon, Yes,

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Speaker 3: But on the same day having dinner with Matt Menchel,

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Speaker 3: the very same prosecutor who was part of the office.

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Speaker 1: In what world is that appropriate?

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Speaker 3: You helped lock somebody away allegedly even with the sweetheart

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Speaker 3: deal for a registered sex offender, right, and then you're

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Speaker 3: having dinner with that person three years later. It's like,

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Speaker 3: do you have any you know, semblance of making sure

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Speaker 3: no conflict of interest?

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Speaker 7: And it's a misnoxi at it?

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Speaker 1: Yeah, or even at a human level, at a human level.

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Speaker 3: If you Ryan, would you ever know, only go into

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Speaker 3: the house of somebody who is a registered sex offender? No? Yeah, exactly,

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Speaker 3: all right, and this is my thing, like and he

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Speaker 3: knows because he prosecuted. I always think about this with

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Speaker 3: guys like George Stephanopolis and others who are like, yeah,

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Speaker 3: I had dinner with him. I go, you know, maybe

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Speaker 3: it's just me. I google everybody who asked me that dinner. Okay,

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Speaker 3: And if you're even remotely sketchy I'm like, yeah, it's

435
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Speaker 3: not happening. And I can tell you I've been invited

436
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Speaker 3: some sketchy stuff around here and why. Usually it has

437
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Speaker 3: to do with arms dealers and stuff like.

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Speaker 1: And even then I'm like, yeah, I don't know.

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Speaker 3: You know who's paying for this, right, it's one of

440
00:19:40,400 --> 00:19:42,399
Speaker 3: those where there's some blood money here on the table.

441
00:19:42,600 --> 00:19:44,080
Speaker 3: I don't want have anything to do with that, or

442
00:19:44,160 --> 00:19:46,440
Speaker 3: I'll split the bill with you if I think it's interesting.

443
00:19:46,520 --> 00:19:49,480
Speaker 3: That's the thing where apparently I'm a YouTuber and I

444
00:19:49,560 --> 00:19:52,520
Speaker 3: hold myself to that standard, and these guys are like, oh, yeah,

445
00:19:52,520 --> 00:19:55,480
Speaker 3: I prosecuted you, and even though you are a registered

446
00:19:55,520 --> 00:19:58,280
Speaker 3: sex offender, I'm just gonna go ahead and I helped

447
00:19:58,320 --> 00:20:00,720
Speaker 3: lock you away. I'm gonna go over to your house

448
00:20:00,840 --> 00:20:01,280
Speaker 3: for dinner.

449
00:20:01,280 --> 00:20:02,800
Speaker 7: And it's probably not with people.

450
00:20:02,840 --> 00:20:05,439
Speaker 4: I don't know about him specifically, but it's probably not

451
00:20:05,560 --> 00:20:09,560
Speaker 4: even though or despite it's because there you go, because

452
00:20:09,600 --> 00:20:12,080
Speaker 4: he knows the details of what Epstein is into.

453
00:20:12,200 --> 00:20:14,040
Speaker 3: Yes, he wants to hang out with him, because he

454
00:20:14,119 --> 00:20:16,320
Speaker 3: goes because he probably investigated, He probably had some of

455
00:20:16,359 --> 00:20:18,439
Speaker 3: his tax returns and stuff in front of him. He goes, Oh,

456
00:20:18,480 --> 00:20:19,919
Speaker 3: I need to get in on this He's like, this

457
00:20:19,960 --> 00:20:21,280
Speaker 3: is a good deal right here.

458
00:20:21,320 --> 00:20:21,720
Speaker 1: By the way.

459
00:20:21,720 --> 00:20:24,399
Speaker 3: Speaking of that, as Ryan said, hold for Leon Black.

460
00:20:24,680 --> 00:20:25,040
Speaker 1: Leon.

461
00:20:25,160 --> 00:20:27,520
Speaker 3: I've talked about Leon from day one in the Epstein case.

462
00:20:27,600 --> 00:20:29,880
Speaker 3: It remains one of the most mystified. This is one

463
00:20:29,880 --> 00:20:32,280
Speaker 3: of the titans of Wall Street. Nine billion dollar net worth,

464
00:20:32,359 --> 00:20:35,080
Speaker 3: one hundred and fifty million dollar payment to to the

465
00:20:35,160 --> 00:20:38,960
Speaker 3: Jeffrey Epstein estate that has been revealed for quote tax advice.

466
00:20:39,200 --> 00:20:41,639
Speaker 3: Nobody knows why. He's been friends with him for decades.

467
00:20:41,960 --> 00:20:44,600
Speaker 3: Everybody he's defended his relationship with EPs He said he

468
00:20:44,640 --> 00:20:47,320
Speaker 3: had no idea put him on the board of his charities.

469
00:20:47,560 --> 00:20:52,200
Speaker 3: Decades long friendship. Well, Leon's emails with Jeffrey Epstein came out,

470
00:20:52,440 --> 00:20:54,240
Speaker 3: and they're pretty interesting, aren't they.

471
00:20:54,400 --> 00:20:56,000
Speaker 1: They say. Epstein was furious.

472
00:20:56,040 --> 00:20:58,320
Speaker 3: For years he had relied on Leon Black as his

473
00:20:58,320 --> 00:21:01,639
Speaker 3: primary source of income him on everything from taxes to

474
00:21:01,680 --> 00:21:04,960
Speaker 3: his world class art collection. By twenty sixteen, Black seemed

475
00:21:04,960 --> 00:21:07,040
Speaker 3: reluctant to keep paying him tens of millions of dollars

476
00:21:07,080 --> 00:21:10,520
Speaker 3: per year, so Epstein threw a tantrum. Epstein wrote in

477
00:21:10,520 --> 00:21:13,680
Speaker 3: an email to mister Black, quote he was another waste

478
00:21:13,680 --> 00:21:17,280
Speaker 3: of money in space, attacked mister Black's children as retarded

479
00:21:17,480 --> 00:21:22,400
Speaker 3: for supposedly making it that's relatable, making.

480
00:21:21,800 --> 00:21:22,480
Speaker 1: Of his state.

481
00:21:22,720 --> 00:21:25,919
Speaker 3: The typo ridden tirade was one of brief dozens of

482
00:21:26,040 --> 00:21:29,359
Speaker 3: previously unreported emails reviewed by The New York Times in

483
00:21:29,400 --> 00:21:33,760
Speaker 3: which Epstein hectored mister Black, demanding tens of millions of

484
00:21:33,800 --> 00:21:37,360
Speaker 3: dollars beyond one hundred and fifty million he had already

485
00:21:37,400 --> 00:21:41,040
Speaker 3: been paid. The pressure campaign Ryan appeared to work mister

486
00:21:41,080 --> 00:21:43,119
Speaker 3: Black for decades, who was one of the richest and

487
00:21:43,200 --> 00:21:47,000
Speaker 3: most high profile figures on Wall Street. Forked tens of

488
00:21:47,000 --> 00:21:49,520
Speaker 3: millions of dollars in fees and loans, albeit less than

489
00:21:49,560 --> 00:21:53,159
Speaker 3: mister Epstein had been seeking. Of all the relationships, his

490
00:21:53,200 --> 00:21:56,160
Speaker 3: friendship with mister Black is the most important. He served

491
00:21:56,200 --> 00:21:59,680
Speaker 3: jail time for soliciting prostitution. Mister Black kept him afloat

492
00:21:59,760 --> 00:22:03,280
Speaker 3: from many years. The new emails provide the most complete

493
00:22:03,320 --> 00:22:07,360
Speaker 3: picture yet of their relationship. Now to be clear, you know,

494
00:22:08,160 --> 00:22:12,760
Speaker 3: for legal purposes and with mister Black. I am simply

495
00:22:12,840 --> 00:22:16,879
Speaker 3: noting how shocking it is for a titan of Wall Street,

496
00:22:17,280 --> 00:22:20,600
Speaker 3: a private equity giant, one of the most well known

497
00:22:20,720 --> 00:22:25,000
Speaker 3: billionaires in the city of New York, how completely opposite

498
00:22:25,160 --> 00:22:27,600
Speaker 3: it is to the way that the Apollo Group and

499
00:22:27,640 --> 00:22:33,280
Speaker 3: others would conduct business to seemingly constantly just caving to

500
00:22:33,480 --> 00:22:36,040
Speaker 3: demands for tens of millions of dollars from Jeffrey.

501
00:22:36,240 --> 00:22:37,240
Speaker 1: That's all I am noting.

502
00:22:37,520 --> 00:22:42,080
Speaker 3: You can draw your own conclusion very specifically as to

503
00:22:42,240 --> 00:22:44,879
Speaker 3: why anybody would ever act like that, who made nine

504
00:22:44,920 --> 00:22:46,720
Speaker 3: billion dollars and doesn't conduct business that way.

505
00:22:46,640 --> 00:22:50,160
Speaker 4: In any other similar tone, similar tone, and I'm black

506
00:22:50,160 --> 00:22:50,679
Speaker 4: denies all.

507
00:22:51,000 --> 00:22:51,880
Speaker 1: Yeah, he blacks black.

508
00:22:52,160 --> 00:22:55,280
Speaker 4: Similar tone from the New York Times article that soccer

509
00:22:55,320 --> 00:22:57,000
Speaker 4: does put up they write and this is one of

510
00:22:57,040 --> 00:22:59,760
Speaker 4: those delightful sentences in the New York Times.

511
00:23:00,400 --> 00:23:03,080
Speaker 7: Echoing saga and quote.

512
00:23:03,119 --> 00:23:06,680
Speaker 4: And for reasons that are unknown, mister Black wired hundreds

513
00:23:06,720 --> 00:23:09,320
Speaker 4: of thousands of dollars to at least three women who

514
00:23:09,400 --> 00:23:12,800
Speaker 4: were associated with mister Epstein. According to court documents and

515
00:23:12,880 --> 00:23:16,800
Speaker 4: notes taken by congressional investigators that were shared with The Times,

516
00:23:16,800 --> 00:23:19,960
Speaker 4: Representatives of mister Black did not respond to questions about

517
00:23:19,960 --> 00:23:22,679
Speaker 4: those payments to women, So, in other words, he was

518
00:23:23,080 --> 00:23:25,439
Speaker 4: representatives responded to a bunch of other questions of the

519
00:23:25,480 --> 00:23:27,240
Speaker 4: time sent but ignored those questions.

520
00:23:27,560 --> 00:23:28,639
Speaker 7: So I like this phrase.

521
00:23:29,040 --> 00:23:33,040
Speaker 4: For reasons that are unknown, mister blackwired hundreds of thousand.

522
00:23:32,760 --> 00:23:34,800
Speaker 7: Dollars at least room. We don't know why.

523
00:23:35,560 --> 00:23:38,520
Speaker 3: Just good good friends to the good good friends.

524
00:23:38,400 --> 00:23:41,760
Speaker 4: With these women they were, they were you know, they

525
00:23:41,880 --> 00:23:43,520
Speaker 4: needed a little help get through the weekend.

526
00:23:43,280 --> 00:23:43,959
Speaker 1: Or something happens.

527
00:23:44,000 --> 00:23:46,560
Speaker 3: It happens. You know who amongst us has not floated

528
00:23:46,920 --> 00:23:50,520
Speaker 3: our friends girlfriends, right, I mean with hundreds of thousands.

529
00:23:51,119 --> 00:23:53,080
Speaker 3: I do it every day, of course.

530
00:23:53,160 --> 00:23:54,920
Speaker 7: Italy, And we're going to insinuate.

531
00:23:54,480 --> 00:23:56,680
Speaker 1: Something, right exactly.

532
00:23:57,400 --> 00:23:59,080
Speaker 3: I'm sure my wife would be cool with it, should

533
00:23:59,080 --> 00:23:59,760
Speaker 3: be totally cool with it.

534
00:24:00,400 --> 00:24:01,359
Speaker 1: So here we have.

535
00:24:01,600 --> 00:24:04,760
Speaker 3: Here's my other personal favorite from mister Black's lawyer. To

536
00:24:04,840 --> 00:24:07,480
Speaker 3: imply mister Epstein somehow I had influence over mister Black

537
00:24:07,640 --> 00:24:11,560
Speaker 3: is false and patently absurd. Okay, to imply mister Epstein,

538
00:24:11,680 --> 00:24:14,360
Speaker 3: who demanded tens of millions of dollars and received tens

539
00:24:14,400 --> 00:24:17,320
Speaker 3: of millions of dollars and called his children retarded and

540
00:24:17,520 --> 00:24:21,040
Speaker 3: also hectored and berated him, to imply he had any

541
00:24:21,119 --> 00:24:24,880
Speaker 3: influence over mister Black, is false and patently absurd.

542
00:24:25,080 --> 00:24:26,359
Speaker 1: That's from Leon Black again.

543
00:24:26,480 --> 00:24:29,080
Speaker 3: These guys, you think you just get nine billion dollars,

544
00:24:29,119 --> 00:24:31,080
Speaker 3: You think somebody just hands it to you, No, you

545
00:24:31,119 --> 00:24:33,919
Speaker 3: get it by being a swashbuckling deal maker.

546
00:24:34,200 --> 00:24:36,200
Speaker 1: What if I was running the Apollo.

547
00:24:36,280 --> 00:24:38,560
Speaker 3: By the way, these guys are legends on Wall Street,

548
00:24:38,680 --> 00:24:42,720
Speaker 3: right Apollo? Does Apollo just let somebody who they're doing

549
00:24:42,760 --> 00:24:47,000
Speaker 3: a leverage buyout of demand certain terms of conditions. Is

550
00:24:47,040 --> 00:24:50,119
Speaker 3: that how you got nine billion dollars in net worth? No,

551
00:24:50,320 --> 00:24:52,520
Speaker 3: you would be a bankrupt Right, So we know he

552
00:24:52,600 --> 00:24:54,439
Speaker 3: knows how to do business and to say no, how

553
00:24:54,480 --> 00:24:56,439
Speaker 3: to say fuck you. That's literally part of being a

554
00:24:56,480 --> 00:24:59,240
Speaker 3: Wall Street financier. An he did event well, yeah, you

555
00:24:59,280 --> 00:25:03,639
Speaker 3: get to that ish, but the point remains something for

556
00:25:03,720 --> 00:25:07,080
Speaker 3: some unknown for reasons that remain unknown, that he continued

557
00:25:07,119 --> 00:25:09,879
Speaker 3: to hand him tens of millions of dollars. Okay, all right,

558
00:25:09,960 --> 00:25:12,399
Speaker 3: let's go to the next part here. This gets to

559
00:25:12,760 --> 00:25:15,240
Speaker 3: the interview with alex Acosta. I read the entire thing,

560
00:25:15,440 --> 00:25:18,439
Speaker 3: several hundred pages, kind of boring, to be honest, they

561
00:25:18,440 --> 00:25:20,720
Speaker 3: didn't do a very good job. But guys, please put

562
00:25:20,800 --> 00:25:23,159
Speaker 3: D three please up on the screen, just to show you.

563
00:25:23,440 --> 00:25:27,800
Speaker 3: The signature claim from alex Acosta is that any trial

564
00:25:28,000 --> 00:25:31,960
Speaker 3: of Jeffrey Epstein quote would have been a crapshoot. Now,

565
00:25:32,200 --> 00:25:36,720
Speaker 3: this is a central issue because remember, Alex Acosta is

566
00:25:36,720 --> 00:25:39,400
Speaker 3: a Labor secretary under Trump, he was the prosecutor who

567
00:25:39,440 --> 00:25:43,240
Speaker 3: did the sweetheart deal with Epstein. After he resigns as

568
00:25:43,280 --> 00:25:46,520
Speaker 3: a Labor secretary, the Office of Professional Review over the

569
00:25:46,640 --> 00:25:50,120
Speaker 3: Justice Department does an internal investigation of the Epstein non

570
00:25:50,160 --> 00:25:54,000
Speaker 3: prosecution agreement. They find that Alex Acosta in his office

571
00:25:54,320 --> 00:25:59,679
Speaker 3: acted improperly. Now, Acosta contents throughout this entire interview that

572
00:25:59,720 --> 00:26:02,520
Speaker 3: he did nothing wrong and they got the best possible deal.

573
00:26:02,720 --> 00:26:06,120
Speaker 3: Now remember the retroactive review by the DJ specifically says

574
00:26:06,160 --> 00:26:08,439
Speaker 3: that is not true. So they find fault with the

575
00:26:08,560 --> 00:26:10,800
Speaker 3: actions of his office. A Costa stands up for the

576
00:26:10,840 --> 00:26:14,760
Speaker 3: actions of his office, saying effectively blaming the victims, saying, oh, well,

577
00:26:14,760 --> 00:26:16,520
Speaker 3: they weren't credible enough to be able to bring them

578
00:26:16,520 --> 00:26:18,359
Speaker 3: to trial. By the way, remember that is in direct

579
00:26:18,400 --> 00:26:20,320
Speaker 3: controvers of what some of the agents and the other

580
00:26:20,320 --> 00:26:22,879
Speaker 3: people on the case said. So this is not one

581
00:26:22,960 --> 00:26:26,199
Speaker 3: hundred percent their view of the entire US Attorney's office.

582
00:26:26,280 --> 00:26:28,480
Speaker 1: It is the view of mister Acosta.

583
00:26:28,760 --> 00:26:31,760
Speaker 3: I will say, because there have been some sketchy questions

584
00:26:31,800 --> 00:26:34,919
Speaker 3: here around the claim previously that he had said he

585
00:26:34,960 --> 00:26:37,640
Speaker 3: belonged to intelligence he claims that he never said that.

586
00:26:37,880 --> 00:26:39,359
Speaker 3: He says, I never said it. So I want to

587
00:26:39,359 --> 00:26:42,120
Speaker 3: make that very clear, because that's a quote I've relied

588
00:26:42,160 --> 00:26:45,600
Speaker 3: on probably one of the most famous plays. So I

589
00:26:45,640 --> 00:26:49,680
Speaker 3: want to be clear that he now emphatically denies he said.

590
00:26:50,000 --> 00:26:52,240
Speaker 3: I never heard that from anybody. I didn't tell it

591
00:26:52,280 --> 00:26:54,560
Speaker 3: to Steve Bannon. I have no idea where that comes from.

592
00:26:54,600 --> 00:26:56,840
Speaker 3: So let's be clear that's what he said. Now, you know,

593
00:26:57,359 --> 00:26:59,520
Speaker 3: I've laid out my other case for why I do

594
00:26:59,600 --> 00:27:02,560
Speaker 3: think he was at the very least involved with multiple

595
00:27:02,720 --> 00:27:06,639
Speaker 3: foreign intelligence agencies. But nonetheless, alex Acosta says, there was

596
00:27:06,680 --> 00:27:09,760
Speaker 3: nothing untoward. I never had any indication he was intelligence

597
00:27:09,840 --> 00:27:13,320
Speaker 3: or whatever. Nobody told me what to do, which, by

598
00:27:13,359 --> 00:27:16,000
Speaker 3: the way, again that doesn't fit with some of the

599
00:27:16,040 --> 00:27:20,080
Speaker 3: past timeline. Like the previous timeline was that Washington actually

600
00:27:20,080 --> 00:27:22,199
Speaker 3: made a phone call around this from the DOJ.

601
00:27:22,520 --> 00:27:24,760
Speaker 1: But you know, you have to get very dark and

602
00:27:24,800 --> 00:27:25,639
Speaker 1: into the weeds on this.

603
00:27:25,760 --> 00:27:29,080
Speaker 3: I think the fundamental premise, though, is even if we

604
00:27:29,119 --> 00:27:30,600
Speaker 3: take all the intel stuff out of it and we

605
00:27:30,680 --> 00:27:33,119
Speaker 3: just keep it focused on the victims, he basically was

606
00:27:33,200 --> 00:27:34,480
Speaker 3: victim blaming throughout the entirety.

607
00:27:34,480 --> 00:27:35,720
Speaker 1: He said, yeah, they were incredible.

608
00:27:35,760 --> 00:27:39,240
Speaker 3: They made stuff up MySpace page, they were sketchy, and

609
00:27:39,320 --> 00:27:41,600
Speaker 3: so that's why the sweetheart deal is the best that

610
00:27:41,640 --> 00:27:44,760
Speaker 3: we could possibly get. Again, that's totally disputed. So his

611
00:27:44,960 --> 00:27:47,960
Speaker 3: mindset around it does not seem conciliatory at all. He

612
00:27:48,040 --> 00:27:50,560
Speaker 3: still continues to defend his conduct Ryan, which I personally

613
00:27:50,560 --> 00:27:53,840
Speaker 3: find disgusting. Intelligence Now if anything is worse, I'm like, oh,

614
00:27:53,920 --> 00:27:55,840
Speaker 3: so he just you know, they didn't believe them. He

615
00:27:55,880 --> 00:27:57,760
Speaker 3: even says in there he goes, he goes, well, the

616
00:27:57,840 --> 00:28:00,680
Speaker 3: times were different. People didn't believe women at that time.

617
00:28:00,760 --> 00:28:03,000
Speaker 3: I was like, so you're blaming the culture that what

618
00:28:03,200 --> 00:28:04,560
Speaker 3: is this? It was crazy?

619
00:28:05,000 --> 00:28:06,240
Speaker 7: And the.

620
00:28:07,840 --> 00:28:10,200
Speaker 4: If you look through his his emails and his and

621
00:28:10,240 --> 00:28:12,879
Speaker 4: the different appointments that he had, what what you realize

622
00:28:13,400 --> 00:28:18,000
Speaker 4: is that Jeffrey Epstein knew everybody, Like he had pull

623
00:28:18,280 --> 00:28:23,480
Speaker 4: with Russian oligarchs, Russian you know, top the top Russians,

624
00:28:23,840 --> 00:28:30,720
Speaker 4: the Israelis, Europeans, Americans in both parties, like and also

625
00:28:31,160 --> 00:28:33,480
Speaker 4: Wall Street and like the banking world. Like he was

626
00:28:33,520 --> 00:28:35,639
Speaker 4: at the middle of all of this stuff, and he

627
00:28:35,680 --> 00:28:37,960
Speaker 4: had people who owed him and who he was willing

628
00:28:38,000 --> 00:28:42,720
Speaker 4: to rate at the top levels everywhere, and so the

629
00:28:42,880 --> 00:28:47,720
Speaker 4: idea that a minimum he didn't call in favors and

630
00:28:47,760 --> 00:28:50,200
Speaker 4: that his powerful friends and doing anything for him just

631
00:28:50,320 --> 00:28:53,800
Speaker 4: is not remotely credible. Yep like that, like even if

632
00:28:53,840 --> 00:28:56,720
Speaker 4: you don't think, even if you dismissed the intel part,

633
00:28:57,160 --> 00:28:59,800
Speaker 4: but also to me, the intel part is a bit

634
00:28:59,840 --> 00:29:02,320
Speaker 4: of a red herring because what we've found going through

635
00:29:02,360 --> 00:29:06,040
Speaker 4: all of these emails, he was absolutely doing work for

636
00:29:06,200 --> 00:29:09,400
Speaker 4: people that are in the orbits of this intel world.

637
00:29:09,280 --> 00:29:12,120
Speaker 3: Which only backs up everything that we've said is no

638
00:29:12,160 --> 00:29:14,880
Speaker 3: one has said he was an agent force and how

639
00:29:14,880 --> 00:29:17,320
Speaker 3: the world works, Yeah, exactly, That's what we kept trying

640
00:29:17,320 --> 00:29:20,240
Speaker 3: to explain. There are these fixers. There are these shady characters.

641
00:29:20,480 --> 00:29:22,520
Speaker 3: If you live here in DC, you're familiar with them.

642
00:29:22,760 --> 00:29:25,200
Speaker 3: They do contracts for Russia, they do contracts for Qatar,

643
00:29:25,520 --> 00:29:28,120
Speaker 3: for the UA. They're hired guns. They have nexuses, they

644
00:29:28,120 --> 00:29:31,040
Speaker 3: have foreign bank accounts, they have a special knowledge what's

645
00:29:31,080 --> 00:29:33,520
Speaker 3: the taken language. It's like a very specific set of

646
00:29:33,520 --> 00:29:36,800
Speaker 3: skills that they have. And so yeah, you guys released

647
00:29:36,800 --> 00:29:39,600
Speaker 3: that reported drop site about the Israel deal with Mongolia.

648
00:29:39,640 --> 00:29:43,280
Speaker 3: They're convenient actors who can just insert themselves in the process.

649
00:29:43,280 --> 00:29:47,040
Speaker 3: Epstein started out working with on shows exactly because a

650
00:29:47,160 --> 00:29:49,720
Speaker 3: literal CIA cut out like it's like, this is a

651
00:29:50,120 --> 00:29:52,880
Speaker 3: it's trying to explain this to people who deny it

652
00:29:52,920 --> 00:29:56,800
Speaker 3: is they are relying on willful ignorance and the definition

653
00:29:56,840 --> 00:29:59,200
Speaker 3: of terms which are fake. Like no one has ever

654
00:29:59,240 --> 00:30:04,920
Speaker 3: said he was yeah, here's his literal id Bank.

655
00:30:05,080 --> 00:30:07,840
Speaker 4: Actually didn't have massade tell Barry Weiss that he was

656
00:30:07,920 --> 00:30:11,080
Speaker 4: oh sorry, never mind, right, sorry, thank you, We apologize, and.

657
00:30:11,080 --> 00:30:13,120
Speaker 3: We shout out to the editor in chief of CBS

658
00:30:13,160 --> 00:30:15,360
Speaker 3: News for her great, great journal.

659
00:30:15,440 --> 00:30:16,320
Speaker 7: She settled this one.

660
00:30:16,520 --> 00:30:19,600
Speaker 3: She settled the question question. Finally, let's put this one

661
00:30:19,680 --> 00:30:22,239
Speaker 3: up here on the screen with the appropriate caveat this

662
00:30:22,280 --> 00:30:24,959
Speaker 3: there's a new book of memoir come out from Virginia

663
00:30:24,960 --> 00:30:28,960
Speaker 3: Goffrey remember, one of the most prominent victims of Jeffrey Epstein.

664
00:30:29,040 --> 00:30:32,320
Speaker 3: She did, unfortunately take her own life recently. She'd lived

665
00:30:32,360 --> 00:30:35,160
Speaker 3: a very troubled life. She famously was pictured in that

666
00:30:35,200 --> 00:30:38,720
Speaker 3: photo with Prince Andrew and in her new memoir, which

667
00:30:38,800 --> 00:30:42,560
Speaker 3: was post hostmulantly released, she says she was quote beaten

668
00:30:42,720 --> 00:30:45,360
Speaker 3: raped by a well known prime minister in attack that

669
00:30:45,400 --> 00:30:48,560
Speaker 3: broke the Epstein spell. Her memoir reveals, now, Ryan, you

670
00:30:48,600 --> 00:30:50,840
Speaker 3: will be shocked to learn the New York Post said

671
00:30:50,920 --> 00:30:54,160
Speaker 3: well known prime minister and did not name the country.

672
00:30:54,280 --> 00:30:58,040
Speaker 4: Oh, New York Posts, it's journalistic scale skills failed it.

673
00:30:58,240 --> 00:30:59,480
Speaker 7: Finally, what happened with that?

674
00:30:59,560 --> 00:31:00,760
Speaker 1: Right? Which prime minister?

675
00:31:00,920 --> 00:31:04,280
Speaker 3: Who was it? And in fact it doesn't even appear

676
00:31:04,960 --> 00:31:08,520
Speaker 3: in the lead paragraph. You have to go all the

677
00:31:08,560 --> 00:31:14,560
Speaker 3: way down past three different advertisements to say that. In past, however,

678
00:31:14,600 --> 00:31:17,000
Speaker 3: she had pointed to Israeli Prime Minister Awod Brock. Now

679
00:31:17,000 --> 00:31:19,760
Speaker 3: to be clear, mister Brock denies it. And also to

680
00:31:19,840 --> 00:31:22,520
Speaker 3: be clear, yes, VIRGINIAU. Frey was a very troubled woman

681
00:31:22,560 --> 00:31:24,800
Speaker 3: and she did certainly say some things in the past

682
00:31:24,800 --> 00:31:26,000
Speaker 3: which did not turn out to be true.

683
00:31:26,120 --> 00:31:27,120
Speaker 7: Sure, so she's attracted.

684
00:31:27,120 --> 00:31:29,960
Speaker 3: Whether she has retracted, yeah, which she personally has retracted.

685
00:31:30,040 --> 00:31:32,800
Speaker 3: So all appropriate caveats and all of that said, you

686
00:31:32,840 --> 00:31:35,920
Speaker 3: should not necessarily take it to the bank. But the

687
00:31:35,920 --> 00:31:38,080
Speaker 3: one thing nobody can ever get away from is the

688
00:31:38,120 --> 00:31:40,920
Speaker 3: photo exists of her as a very young girl with

689
00:31:40,920 --> 00:31:43,840
Speaker 3: her arm around Prince Andrew. And that photo, I'm sorry,

690
00:31:43,960 --> 00:31:46,280
Speaker 3: you can't make it disappear, you just can't. And it

691
00:31:46,360 --> 00:31:51,000
Speaker 3: was enough that mister Andrew, Prince Andrew, sorry, I apologize. Yeah,

692
00:31:51,120 --> 00:31:55,200
Speaker 3: so Prince andrew his Royal Highness Prince has still remained

693
00:31:55,320 --> 00:31:59,880
Speaker 3: out completely of public life and had a complete melton

694
00:32:00,480 --> 00:32:03,320
Speaker 3: of it. What was his defense? He said, I don't sweat.

695
00:32:03,360 --> 00:32:06,120
Speaker 3: He's like, I'm not a sweater you remember that. I mean,

696
00:32:06,240 --> 00:32:10,760
Speaker 3: if that's all you got, brother, I don't know, man sweats. Yeah,

697
00:32:10,760 --> 00:32:13,000
Speaker 3: It's like I'm for sure. He's like, really the British

698
00:32:13,040 --> 00:32:15,840
Speaker 3: down sweat even in heat. Really that doesn't fit with

699
00:32:15,880 --> 00:32:16,480
Speaker 3: my experience.

700
00:32:16,520 --> 00:32:19,760
Speaker 4: But and going to Epstein's emails with Barack because Barack

701
00:32:19,960 --> 00:32:20,640
Speaker 4: also got.

702
00:32:20,480 --> 00:32:22,840
Speaker 1: His emails hacked, of course, yeah, you guys, really that.

703
00:32:22,880 --> 00:32:25,400
Speaker 4: And so there's there's some in there where he's like hey,

704
00:32:26,000 --> 00:32:27,840
Speaker 4: or Barack's like, I can't wait to see you on

705
00:32:27,840 --> 00:32:28,200
Speaker 4: the island.

706
00:32:28,240 --> 00:32:30,280
Speaker 3: Maybe the security won't be there this ye, I remember that.

707
00:32:30,680 --> 00:32:32,720
Speaker 4: And there's there's another one where he's like, why don't

708
00:32:32,840 --> 00:32:36,480
Speaker 4: you know, why don't you talk to these particular women

709
00:32:36,840 --> 00:32:38,520
Speaker 4: that they're doing a business deal with. He's like, because

710
00:32:38,960 --> 00:32:41,440
Speaker 4: you really have a way with women like so like Barack,

711
00:32:42,000 --> 00:32:46,040
Speaker 4: and this is post conviction and sentenced, so Barack and

712
00:32:46,120 --> 00:32:48,680
Speaker 4: also everybody who talks about Epstein is like the thing

713
00:32:48,760 --> 00:32:52,560
Speaker 4: about him. Even Leon Black said this The thing about

714
00:32:52,640 --> 00:32:54,760
Speaker 4: him is that he was always surrounded by beautiful women.

715
00:32:54,760 --> 00:32:56,920
Speaker 1: And it's in the birthday book? Are we not?

716
00:32:57,040 --> 00:33:00,480
Speaker 4: Are we stupider signed the birthday signed the book at Barack.

717
00:33:00,640 --> 00:33:03,560
Speaker 3: Look at the cartoon where they have they have Jeffrey

718
00:33:03,560 --> 00:33:07,880
Speaker 3: Epstein twenty years It's like a cartoon cartoon drawing of

719
00:33:07,960 --> 00:33:11,000
Speaker 3: him hanging out with young girls and them all in

720
00:33:11,080 --> 00:33:15,040
Speaker 3: scantily clad bikinis giving a massage on the Virgin Islands.

721
00:33:15,040 --> 00:33:17,080
Speaker 1: Twenty years later it was out years later.

722
00:33:17,120 --> 00:33:21,640
Speaker 7: Sorry, something gross, ghos So, yes.

723
00:33:21,520 --> 00:33:26,840
Speaker 3: That's your update. I don't even have words Leon Black stuff, man,

724
00:33:26,480 --> 00:33:29,560
Speaker 3: I just wish. This is the problem with these you

725
00:33:29,600 --> 00:33:32,000
Speaker 3: know in the house and all of this is get

726
00:33:32,040 --> 00:33:36,240
Speaker 3: these guys. Wexner is like ninety. He needs to testify

727
00:33:36,280 --> 00:33:38,280
Speaker 3: while his mind is still there, okay, before he can

728
00:33:38,280 --> 00:33:41,520
Speaker 3: claim dementia or something like that. Get his ass on

729
00:33:41,560 --> 00:33:45,840
Speaker 3: the record and you know, undersworn testimony. Same with Leon Black,

730
00:33:46,120 --> 00:33:49,480
Speaker 3: Same with I mean all of the top financiers. Because

731
00:33:49,560 --> 00:33:52,280
Speaker 3: to date all we have are the bullshit denials of

732
00:33:52,400 --> 00:33:53,200
Speaker 3: Gallaine Maxwell.

733
00:33:54,040 --> 00:33:56,840
Speaker 4: I don't think we mentioned this yet. His fee to

734
00:33:57,200 --> 00:34:00,560
Speaker 4: Leon Black was forty million a year. He said, I

735
00:34:00,600 --> 00:34:02,520
Speaker 4: want twenty five upfront. Other times he would say I

736
00:34:02,520 --> 00:34:05,800
Speaker 4: want twenty upfront, twenty in January, twenty in July. That's

737
00:34:05,840 --> 00:34:07,600
Speaker 4: what he was getting cranky about, Like where is my

738
00:34:07,720 --> 00:34:08,760
Speaker 4: forty million dollars?

739
00:34:09,280 --> 00:34:13,279
Speaker 7: This is a guy who has no tax licenses.

740
00:34:13,320 --> 00:34:16,880
Speaker 4: He's not even allowed to give tax advice without saying,

741
00:34:17,040 --> 00:34:20,799
Speaker 4: I can't give tax advice. Charging forty million dollars to

742
00:34:20,800 --> 00:34:21,600
Speaker 4: give tax advice.

743
00:34:21,719 --> 00:34:24,440
Speaker 1: Yeah, and his state planning and Arsten and almost.

744
00:34:24,480 --> 00:34:26,600
Speaker 3: Yeah, it's such great taste, right, like the photo of

745
00:34:26,640 --> 00:34:29,520
Speaker 3: Bill Clinton in a fucking dress, Like, come on, what

746
00:34:29,680 --> 00:34:34,560
Speaker 3: a joke. Turning down to Ukraine, we wanted to make

747
00:34:34,600 --> 00:34:36,560
Speaker 3: sure we gave everyone an update. It's still some major

748
00:34:36,560 --> 00:34:39,720
Speaker 3: developments here. President Trump reverting back to his original position.

749
00:34:39,840 --> 00:34:42,239
Speaker 3: Ukraine has to give up some land in a peace deal.

750
00:34:42,320 --> 00:34:43,040
Speaker 3: Let's take a listen.

751
00:34:43,280 --> 00:34:46,480
Speaker 11: Fridday, he said, you got a cordial meeting with President

752
00:34:46,560 --> 00:34:50,000
Speaker 11: Seletski during that During that meeting, did you tell him

753
00:34:50,040 --> 00:34:53,880
Speaker 11: he needed to seed all of the Donbass region to Russia.

754
00:34:53,960 --> 00:34:56,799
Speaker 12: No, we never discussed it. We think that what they

755
00:34:56,800 --> 00:34:59,279
Speaker 12: should do is just stop at the lines where they are.

756
00:34:59,320 --> 00:35:02,239
Speaker 12: The battle line a battle line right now. The rest

757
00:35:02,360 --> 00:35:04,120
Speaker 12: is very tough to negotiate. If you're going to say

758
00:35:04,160 --> 00:35:05,759
Speaker 12: you take this, we take that. You know, there's so

759
00:35:05,800 --> 00:35:09,640
Speaker 12: many different permutations. So what I say is they should

760
00:35:09,640 --> 00:35:12,200
Speaker 12: stop right now at the battle lines, go home, stop

761
00:35:12,280 --> 00:35:13,640
Speaker 12: killing people, and be done.

762
00:35:13,719 --> 00:35:15,880
Speaker 1: What do you think should happened with the Godbas region?

763
00:35:16,440 --> 00:35:18,560
Speaker 12: Let it be cut the way it is cut up

764
00:35:18,880 --> 00:35:21,520
Speaker 12: right now. I think seventy eight percent of the land

765
00:35:21,640 --> 00:35:25,640
Speaker 12: is already taken by Russia. You leave it the way

766
00:35:25,680 --> 00:35:28,320
Speaker 12: it is right now. They can they can negotiate something

767
00:35:28,560 --> 00:35:31,319
Speaker 12: later on down the line. But I said cut and

768
00:35:31,360 --> 00:35:33,839
Speaker 12: stop at the battle I go home, stop fighting, stop

769
00:35:33,920 --> 00:35:34,560
Speaker 12: killing people.

770
00:35:35,000 --> 00:35:36,360
Speaker 1: So that's the position today.

771
00:35:36,760 --> 00:35:38,359
Speaker 3: A couple of weeks ago, Ryan he said that they

772
00:35:38,360 --> 00:35:41,160
Speaker 3: could take back all of crime yet so I don't know.

773
00:35:41,640 --> 00:35:42,960
Speaker 1: Nobody knows what's going on here.

774
00:35:43,120 --> 00:35:45,279
Speaker 3: Let's put this up here on the screen from a

775
00:35:45,320 --> 00:35:47,520
Speaker 3: recent you know, this, by the way, very interesting. Not

776
00:35:47,560 --> 00:35:50,120
Speaker 3: only that Zelenski and Trump met, but did anyone notice

777
00:35:50,160 --> 00:35:52,960
Speaker 3: there was no joint press conference, There was no joint meeting,

778
00:35:53,200 --> 00:35:56,920
Speaker 3: there was no statement afterwards by the president. Zelensky slunk

779
00:35:56,960 --> 00:35:59,600
Speaker 3: in and he's slunk out. And the reasons why is

780
00:35:59,640 --> 00:36:02,400
Speaker 3: from the Financial Times quote, Donald Trump urged Zelenski to

781
00:36:02,400 --> 00:36:06,320
Speaker 3: accept putinstorm or quote be destroyed by Russia. The meeting

782
00:36:06,640 --> 00:36:09,640
Speaker 3: descended many times quote into a shouting match, with Trump

783
00:36:09,719 --> 00:36:12,320
Speaker 3: cursing all the time. They added that the President tossed

784
00:36:12,320 --> 00:36:16,000
Speaker 3: aside maps of the frontline, insisted Zelenski surrender the dunboss

785
00:36:16,000 --> 00:36:18,920
Speaker 3: to Putin, and repeatedly echoed talking points that the Russian

786
00:36:19,000 --> 00:36:21,719
Speaker 3: leader had made in their call a day earlier. Now

787
00:36:22,000 --> 00:36:24,759
Speaker 3: you know, obviously that is coming straight out of Zelenski's

788
00:36:24,800 --> 00:36:27,560
Speaker 3: mouth to the Financial Times, And we don't really know

789
00:36:27,800 --> 00:36:29,640
Speaker 3: which way it's going to go, but it's just pretty

790
00:36:29,640 --> 00:36:31,520
Speaker 3: obvious that this is the only way this was ever

791
00:36:31,560 --> 00:36:33,799
Speaker 3: going to end. You have the military power, I mean,

792
00:36:33,840 --> 00:36:36,920
Speaker 3: the current US intelligence estimate apparently I don't know if

793
00:36:36,960 --> 00:36:39,600
Speaker 3: I believe this, but let's say it's directionally correct. Is

794
00:36:39,640 --> 00:36:42,560
Speaker 3: one hundred thousand people have been killed since January of

795
00:36:42,560 --> 00:36:44,920
Speaker 3: twenty twenty five. Do you see a single crack in

796
00:36:45,000 --> 00:36:48,040
Speaker 3: Russian society? They don't care. Now, I don't get it,

797
00:36:48,080 --> 00:36:50,080
Speaker 3: all right, If one hundred thousand of my guys were

798
00:36:50,160 --> 00:36:53,080
Speaker 3: killed for some bullshit like this, yeah I would riot.

799
00:36:53,480 --> 00:36:55,760
Speaker 3: I don't know. For some reason, they have a different

800
00:36:55,760 --> 00:36:58,480
Speaker 3: society over there, be it propaganda, maybe they believe in it.

801
00:36:58,600 --> 00:36:59,080
Speaker 1: Who knows.

802
00:36:59,239 --> 00:37:01,279
Speaker 3: But the point is their economy is doing well. I

803
00:37:01,320 --> 00:37:03,960
Speaker 3: don't see a single crack in their society. Putin seems

804
00:37:04,000 --> 00:37:06,600
Speaker 3: humming along more than ever before. They can throw as

805
00:37:06,640 --> 00:37:09,480
Speaker 3: many bodies into this as we want. And Zelensky's like, oh,

806
00:37:09,520 --> 00:37:11,560
Speaker 3: we need long range missiles. That's going to make up

807
00:37:11,600 --> 00:37:13,920
Speaker 3: the manpower deficit. You guys have sixty year olds on

808
00:37:13,960 --> 00:37:17,120
Speaker 3: the front line. It's not going to happen right from

809
00:37:17,200 --> 00:37:20,719
Speaker 3: day one. So we're back to this, and yet even

810
00:37:20,719 --> 00:37:23,279
Speaker 3: this morning, this is what I love about covering this administration.

811
00:37:23,360 --> 00:37:26,920
Speaker 3: What do I see? Marco Rubio's call did not go

812
00:37:27,000 --> 00:37:31,160
Speaker 3: well with Saragai Lavrov, and the potential meeting with Budapest

813
00:37:31,320 --> 00:37:33,879
Speaker 3: and Budapest with Putin may not happen because Russia has

814
00:37:33,880 --> 00:37:36,759
Speaker 3: not backed off it's maximalist position. So Trump says they

815
00:37:36,760 --> 00:37:39,640
Speaker 3: need to surrender, but Russia hasn't backed off it's maximal's position.

816
00:37:39,800 --> 00:37:41,680
Speaker 3: So we're stuck right back from where we came from.

817
00:37:41,920 --> 00:37:45,120
Speaker 3: They can't get their hands around this. Something like Israel

818
00:37:45,160 --> 00:37:47,400
Speaker 3: Gaza needs to happen, where they're like, yeah, we just

819
00:37:47,440 --> 00:37:48,960
Speaker 3: got to have to talk to Mos, like you just

820
00:37:49,000 --> 00:37:51,439
Speaker 3: have to accept the unacceptable. And when that happens, yeah,

821
00:37:51,440 --> 00:37:52,960
Speaker 3: you can actually get something done.

822
00:37:53,120 --> 00:37:53,319
Speaker 7: Yeah.

823
00:37:53,320 --> 00:37:56,799
Speaker 4: And Trump also said on Putin as a Zelenski, they

824
00:37:56,800 --> 00:37:58,880
Speaker 4: hate each other and it makes it a little bit difficult.

825
00:37:59,480 --> 00:38:02,160
Speaker 7: And then he so added, but it doesn't affect us.

826
00:38:02,360 --> 00:38:02,560
Speaker 11: Right.

827
00:38:04,800 --> 00:38:05,440
Speaker 7: He really thought this.

828
00:38:05,440 --> 00:38:09,040
Speaker 4: Was going to be extremely easy. You know, it wouldn't

829
00:38:09,040 --> 00:38:12,320
Speaker 4: happen if he was president, according to him. Once therefore,

830
00:38:12,360 --> 00:38:15,760
Speaker 4: once he becomes president, it's going to end that hasn't happened.

831
00:38:16,400 --> 00:38:21,919
Speaker 4: And he's just flailing at this point, as he told

832
00:38:22,160 --> 00:38:25,840
Speaker 4: as Politico says Trumps. So Trump says he's going to

833
00:38:25,880 --> 00:38:27,960
Speaker 4: meet again with Putin to discuss it. He's going to

834
00:38:27,960 --> 00:38:32,720
Speaker 4: go back to that. And the Budapest location is interesting,

835
00:38:32,920 --> 00:38:36,680
Speaker 4: and it flows into this funny exchange between s Vi Date,

836
00:38:37,040 --> 00:38:41,120
Speaker 4: a Post reporter and is Caroline Levitt or yes, Caroline,

837
00:38:41,360 --> 00:38:43,920
Speaker 4: I'll read the text first. So sv reaches out. Is

838
00:38:43,960 --> 00:38:46,520
Speaker 4: the president aware of the significance of Budapest? In nineteen

839
00:38:46,600 --> 00:38:49,600
Speaker 4: ninety four Russia promised in Budapest not to invade Ukraine

840
00:38:49,640 --> 00:38:52,000
Speaker 4: if it gave up the nuclear weapons it inherited when

841
00:38:52,000 --> 00:38:55,360
Speaker 4: the Soviet Union dissolved? Does he not see why Ukraine

842
00:38:55,560 --> 00:38:58,759
Speaker 4: might object that to that site who suggested Budapest.

843
00:38:58,800 --> 00:39:01,040
Speaker 7: Thanks your mom, did.

844
00:39:03,040 --> 00:39:04,440
Speaker 1: I mean it's funny, but it's not that funny.

845
00:39:04,840 --> 00:39:05,040
Speaker 3: Yah?

846
00:39:06,000 --> 00:39:07,359
Speaker 7: He said, I'm gonna laugh at any morey.

847
00:39:07,640 --> 00:39:13,040
Speaker 4: Yeah, he says, is this funny to you? And she said,

848
00:39:13,040 --> 00:39:15,160
Speaker 4: it's funny to me that you actually consider yourself a journalist.

849
00:39:15,200 --> 00:39:17,840
Speaker 4: You're a far left hack who nobody takes seriously, including

850
00:39:17,880 --> 00:39:19,960
Speaker 4: your colleagues in the media. They just don't tell you

851
00:39:20,000 --> 00:39:22,880
Speaker 4: that to your face. Stop texting me. You're disingenuous, biased

852
00:39:22,880 --> 00:39:25,520
Speaker 4: and bs questions. As far as I know, that's not

853
00:39:25,840 --> 00:39:30,160
Speaker 4: the press cords understanding of my former colleague s sv so.

854
00:39:30,280 --> 00:39:33,880
Speaker 4: Then Caroline herself posted it for context. Sv of the

855
00:39:33,920 --> 00:39:35,959
Speaker 4: Hufting post is not a journalist interested in the facts.

856
00:39:36,000 --> 00:39:38,000
Speaker 4: The left wing hacked what she already said in there.

857
00:39:38,360 --> 00:39:39,960
Speaker 4: Just take a look at his feet. It reads like

858
00:39:40,000 --> 00:39:42,680
Speaker 4: an anti Trump personal diary. He is pretty anti Trump,

859
00:39:42,719 --> 00:39:45,480
Speaker 4: no doubt about that. He had Okay, let's be honest.

860
00:39:45,520 --> 00:39:46,719
Speaker 4: He is TS.

861
00:39:46,880 --> 00:39:49,800
Speaker 3: I cover the white I cover the he's pretty he's TDS.

862
00:39:49,840 --> 00:39:51,880
Speaker 3: Probably listen, I don't care, all right, He's allowed to

863
00:39:51,880 --> 00:39:54,960
Speaker 3: do whatever he want with anti Trump. Yeah, he's full blown.

864
00:39:55,000 --> 00:39:57,240
Speaker 3: I remember him in the press corps.

865
00:39:57,320 --> 00:39:59,440
Speaker 1: I got nothing. Listen, I respect the dog guys.

866
00:40:00,040 --> 00:40:02,160
Speaker 3: Anybody who wants to sit there and fire off questions

867
00:40:02,160 --> 00:40:05,000
Speaker 3: of the press secretary, that's your job, your mom jokes. Yeah,

868
00:40:05,080 --> 00:40:07,920
Speaker 3: pretty immature. Not a good look for you in my opinion.

869
00:40:08,239 --> 00:40:09,120
Speaker 3: So yeah, I mean, I.

870
00:40:09,080 --> 00:40:09,920
Speaker 1: Don't know what else to say.

871
00:40:09,920 --> 00:40:11,840
Speaker 3: Why don't you could just ignore it? Nobody said that

872
00:40:11,840 --> 00:40:14,320
Speaker 3: you have to respond to the question. It is a

873
00:40:14,400 --> 00:40:17,560
Speaker 3: legitimate question. I would tell sv to his face that

874
00:40:17,640 --> 00:40:21,120
Speaker 3: the premise itself is retarded based on this whole idea

875
00:40:21,160 --> 00:40:23,760
Speaker 3: of the Budapest memory is that they deserve You.

876
00:40:23,600 --> 00:40:25,960
Speaker 4: Know why Zelenski doesn't want to do Budapest, Because no,

877
00:40:26,000 --> 00:40:28,359
Speaker 4: he doesn't want to do Budapest because Orbon is the

878
00:40:28,400 --> 00:40:29,279
Speaker 4: only person in.

879
00:40:29,239 --> 00:40:32,040
Speaker 3: The EU who has a very different view of the

880
00:40:32,160 --> 00:40:34,640
Speaker 3: Ukraine conflict. Right, And actually, I mean a lot of

881
00:40:34,640 --> 00:40:37,360
Speaker 3: people forget this. There are ethnic Hungarians who lived in Ukraine.

882
00:40:37,520 --> 00:40:40,120
Speaker 3: I saw many of them who are Ukrainian citizens, because

883
00:40:40,120 --> 00:40:42,920
Speaker 3: when I visited Budapest, they're all living in Budapest now

884
00:40:43,280 --> 00:40:44,680
Speaker 3: and they don't want to fight in the war, which

885
00:40:44,719 --> 00:40:47,560
Speaker 3: is very instructive, isn't it. But the point just broadly

886
00:40:47,840 --> 00:40:51,400
Speaker 3: around Budapest as the location is because Trump has a

887
00:40:51,400 --> 00:40:54,120
Speaker 3: great relationship with Orbon and Orbon has a good relationship

888
00:40:54,200 --> 00:40:57,560
Speaker 3: with Putin, so it would be neutral Ish territory for

889
00:40:57,640 --> 00:40:59,319
Speaker 3: the two of them to meet. I do understand the

890
00:40:59,640 --> 00:41:02,359
Speaker 3: cross but also, what do they expect Putin to meet

891
00:41:02,400 --> 00:41:05,200
Speaker 3: in Berlin? Like what do you guys? Are we joking?

892
00:41:05,280 --> 00:41:05,360
Speaker 12: Like?

893
00:41:05,480 --> 00:41:05,719
Speaker 1: Yes?

894
00:41:05,840 --> 00:41:09,400
Speaker 3: Where other than Alaska, which was actually good because it

895
00:41:09,440 --> 00:41:12,200
Speaker 3: was halfway it's still on US territory. Or they could

896
00:41:12,239 --> 00:41:14,680
Speaker 3: go meet in lat of Astok or something like that.

897
00:41:14,960 --> 00:41:17,120
Speaker 3: I guess, I don't know, for somebody that doesn't want

898
00:41:17,120 --> 00:41:19,200
Speaker 3: to go to Russia. Yeah, Beijing, Well that would be

899
00:41:19,239 --> 00:41:23,000
Speaker 3: a real statement, actually, if that would be the broken ground.

900
00:41:23,000 --> 00:41:25,560
Speaker 3: Budapest seems as good as any of a place to

901
00:41:25,600 --> 00:41:26,240
Speaker 3: meet doctor.

902
00:41:26,320 --> 00:41:27,480
Speaker 7: You know you love this time.

903
00:41:28,360 --> 00:41:32,480
Speaker 3: Uh beautiful, hey, beautiful city. I recommend everybody go. Gorgeous.

904
00:41:34,719 --> 00:41:36,800
Speaker 3: Joining us now is David dan He is the executive

905
00:41:36,880 --> 00:41:39,040
Speaker 3: editor of The American Prospect and a great friend of

906
00:41:39,080 --> 00:41:40,440
Speaker 3: the show. It's good to see you, David. Thank you

907
00:41:40,480 --> 00:41:43,400
Speaker 3: so much for joining us. Thanks for having me on. So, David,

908
00:41:43,480 --> 00:41:46,960
Speaker 3: I have been fascinated by this term of vendor finance.

909
00:41:47,040 --> 00:41:48,800
Speaker 3: I didn't realize, you know, I'm too young to actually

910
00:41:48,800 --> 00:41:51,640
Speaker 3: remember dot com. But luckily we have experts like you

911
00:41:51,680 --> 00:41:54,200
Speaker 3: who can go through and can write all about how

912
00:41:54,200 --> 00:41:57,759
Speaker 3: we're just living through the exact same crazy scenario. But

913
00:41:57,800 --> 00:41:59,759
Speaker 3: before we actually even get to that, we wanted to

914
00:41:59,800 --> 00:42:03,800
Speaker 3: get reaction to the Amazon Web service crash that just happened,

915
00:42:03,800 --> 00:42:08,520
Speaker 3: which highlights this architecture which runs our entire economy, our

916
00:42:08,640 --> 00:42:11,760
Speaker 3: entire digital life, and a single point of failure. Literally

917
00:42:11,840 --> 00:42:14,360
Speaker 3: a prospect of what it's like to live under monopoly.

918
00:42:14,440 --> 00:42:17,200
Speaker 3: Let's put this up here on the screen. You know, everybody,

919
00:42:17,320 --> 00:42:20,840
Speaker 3: especially here on the East Coast, woke up immediately. Multiple

920
00:42:20,840 --> 00:42:24,400
Speaker 3: apps are not working, huge at outage. You had banks,

921
00:42:24,480 --> 00:42:28,719
Speaker 3: you had music services, so many different things where you

922
00:42:28,760 --> 00:42:30,800
Speaker 3: had the single point of failure from a single server

923
00:42:31,200 --> 00:42:32,560
Speaker 3: here in northern.

924
00:42:32,280 --> 00:42:33,880
Speaker 1: Virginia, in our area.

925
00:42:33,960 --> 00:42:36,720
Speaker 3: And I mean just from a monopoly point of view, David,

926
00:42:36,880 --> 00:42:40,239
Speaker 3: and especially the fact that their stock went up even

927
00:42:40,320 --> 00:42:42,960
Speaker 3: after the crash, what does that tell you about this

928
00:42:43,000 --> 00:42:43,799
Speaker 3: world that we live in.

929
00:42:44,800 --> 00:42:47,279
Speaker 13: Well, I'm painfully aware of it because we couldn't get

930
00:42:47,320 --> 00:42:51,960
Speaker 13: our newsletters out yesterday. Yeah, they've run on with a

931
00:42:52,000 --> 00:42:55,799
Speaker 13: company that was involved in the mess. Yeah, I mean

932
00:42:56,120 --> 00:43:00,319
Speaker 13: I'd go back to a different recession, which is the

933
00:43:00,320 --> 00:43:04,200
Speaker 13: Great Recession of two thousand and eight, which was characterized

934
00:43:04,320 --> 00:43:08,480
Speaker 13: by what is known as tight coupling. In other words,

935
00:43:08,640 --> 00:43:13,080
Speaker 13: the banks were all tied in with one another, and

936
00:43:13,160 --> 00:43:15,799
Speaker 13: so when there was a failure in the mortgage back

937
00:43:15,880 --> 00:43:21,440
Speaker 13: mortgage sorry, mortgage backed securities market, that cascaded throughout the

938
00:43:21,440 --> 00:43:24,800
Speaker 13: rest of the economy. And you know, you see similar

939
00:43:24,920 --> 00:43:31,600
Speaker 13: couplings here with respect to the cloud service with the Internet,

940
00:43:31,719 --> 00:43:37,799
Speaker 13: and it's a really dangerous situation obviously because it's not

941
00:43:37,960 --> 00:43:40,880
Speaker 13: just my newsletter and Netflix and things like that that

942
00:43:40,920 --> 00:43:44,040
Speaker 13: are on there, but actually really important things on the

943
00:43:44,080 --> 00:43:48,600
Speaker 13: cloud that people need to have every day, you.

944
00:43:48,640 --> 00:43:51,360
Speaker 4: Know, like healthcare technology would be the first that I

945
00:43:51,360 --> 00:43:53,480
Speaker 4: would think of, like is the kind of thing you

946
00:43:53,480 --> 00:43:54,560
Speaker 4: don't want to go down?

947
00:43:54,680 --> 00:43:56,480
Speaker 7: Transportation as well?

948
00:43:56,719 --> 00:43:58,560
Speaker 4: How did and then and then we'll get into the

949
00:43:58,719 --> 00:44:01,520
Speaker 4: other reporting because it very much is related. How do

950
00:44:01,560 --> 00:44:06,200
Speaker 4: you think AI and crypto and blockchain played into.

951
00:44:07,600 --> 00:44:08,840
Speaker 7: Played into this crash?

952
00:44:09,440 --> 00:44:13,920
Speaker 4: And you know, it was concentrated in Virginia that apparently

953
00:44:14,000 --> 00:44:19,640
Speaker 4: the dea sence uh finishes like writing here in Virginia,

954
00:44:19,640 --> 00:44:21,960
Speaker 4: which also happens, I don't know what's coincidence, also happens

955
00:44:22,000 --> 00:44:23,520
Speaker 4: to be where the CIA and a lot of the

956
00:44:23,520 --> 00:44:26,920
Speaker 4: other infrastructure around. You know, surveillance and back doors is

957
00:44:26,920 --> 00:44:31,840
Speaker 4: as well, so you've got you've got the surveillance AI

958
00:44:32,280 --> 00:44:36,080
Speaker 4: blockchain and then monopoly. Like, what do you think is

959
00:44:36,080 --> 00:44:40,120
Speaker 4: a driving factor here that produced this cascading collapse.

960
00:44:41,320 --> 00:44:45,799
Speaker 13: Well, Virginia is maybe the data center. Uh, you know

961
00:44:46,600 --> 00:44:50,360
Speaker 13: head of the entire country. H there, there is a

962
00:44:50,440 --> 00:44:53,840
Speaker 13: tremendous amount of data centers there and you know it

963
00:44:53,880 --> 00:44:58,080
Speaker 13: stands to reason because there's so much compute needs. I

964
00:44:58,200 --> 00:45:01,280
Speaker 13: just think that when you layer on and layer on

965
00:45:01,280 --> 00:45:06,640
Speaker 13: onto these systems and AWS is the biggest cloud infrastructure

966
00:45:06,719 --> 00:45:10,040
Speaker 13: that we have in the world. And when you just

967
00:45:10,120 --> 00:45:13,040
Speaker 13: keep adding and adding and adding to it, you do

968
00:45:13,120 --> 00:45:16,160
Speaker 13: create these single points of failure. You do create the

969
00:45:16,200 --> 00:45:20,440
Speaker 13: ability for things to break down and they have bigger

970
00:45:20,480 --> 00:45:25,160
Speaker 13: consequences when that happens. You see this in airlines that

971
00:45:25,600 --> 00:45:31,000
Speaker 13: were one glitch creates thousands of delays on flights. It's

972
00:45:31,040 --> 00:45:32,400
Speaker 13: the same kind of dynamic.

973
00:45:32,480 --> 00:45:34,399
Speaker 3: Yeah, and one of this really gets to the heart

974
00:45:34,400 --> 00:45:35,759
Speaker 3: of what I wanted to talk to you about. Can

975
00:45:35,800 --> 00:45:38,120
Speaker 3: we go ahead and put G three up on the

976
00:45:38,160 --> 00:45:42,440
Speaker 3: screen and you write about these circular finance deals that

977
00:45:42,520 --> 00:45:47,920
Speaker 3: continue to see in the economy this prospect of vendor finance,

978
00:45:48,320 --> 00:45:52,480
Speaker 3: where basically what happens is you sign a deal with

979
00:45:52,520 --> 00:45:54,640
Speaker 3: the company, they give you a part of that company.

980
00:45:54,760 --> 00:45:57,959
Speaker 3: The stock goes up, which effectively erases the so called

981
00:45:58,000 --> 00:46:01,279
Speaker 3: price that you paid. Billions of so called value have

982
00:46:01,320 --> 00:46:04,279
Speaker 3: been created, but nothing has actually happened, been produced and

983
00:46:04,360 --> 00:46:06,880
Speaker 3: orban paid. It doesn't seem to make any sense, but

984
00:46:06,920 --> 00:46:10,880
Speaker 3: it's fueling the rise of all of these different companies.

985
00:46:10,880 --> 00:46:13,759
Speaker 3: And it's even more importantly we talk about single point

986
00:46:13,800 --> 00:46:16,239
Speaker 3: of failure. It's the only reason our stock market is

987
00:46:16,360 --> 00:46:19,240
Speaker 3: up at all. Without it, we would be in a recession.

988
00:46:20,200 --> 00:46:23,480
Speaker 13: Yeah, something like eighty percent of the stock gains this

989
00:46:23,600 --> 00:46:30,719
Speaker 13: year are related to AI link companies and something I've

990
00:46:30,719 --> 00:46:34,360
Speaker 13: heard another stat that data center infrastructure build out is

991
00:46:34,480 --> 00:46:39,360
Speaker 13: responsible for maybe fifty percent of the gains in GDP.

992
00:46:40,040 --> 00:46:44,399
Speaker 13: So obviously we've put a big bet on AI and

993
00:46:44,960 --> 00:46:48,360
Speaker 13: companies like in Vidia in particular, but there are others,

994
00:46:48,760 --> 00:46:52,279
Speaker 13: these big companies that sell things. They sell in the

995
00:46:52,320 --> 00:46:56,160
Speaker 13: case of in Vidio GPUs, which are the high end

996
00:46:56,280 --> 00:47:01,440
Speaker 13: chips that run these AI data centers. They need customers,

997
00:47:01,880 --> 00:47:04,880
Speaker 13: so what they're doing is actually creating their own demand,

998
00:47:05,040 --> 00:47:11,840
Speaker 13: they sell or they invest in companies startup companies, whether

999
00:47:11,920 --> 00:47:15,720
Speaker 13: they are companies that make data centers like core weave,

1000
00:47:16,360 --> 00:47:20,080
Speaker 13: or even companies that make AI models, because in Video

1001
00:47:20,200 --> 00:47:22,200
Speaker 13: just did a huge deal with open Ai for one

1002
00:47:22,239 --> 00:47:25,360
Speaker 13: hundred billion dollars. So they invest in these companies, and

1003
00:47:25,360 --> 00:47:28,319
Speaker 13: then these companies turn around and use that money to

1004
00:47:28,760 --> 00:47:34,080
Speaker 13: build data centers which need GPUs, which in video makes

1005
00:47:34,160 --> 00:47:38,560
Speaker 13: so it's really circular. I've heard it called round tricking

1006
00:47:38,960 --> 00:47:42,600
Speaker 13: as well, and our contributor at The Prospect, Brian McMahon

1007
00:47:42,760 --> 00:47:45,759
Speaker 13: referred to it as the oroborus, the snake eating its

1008
00:47:45,760 --> 00:47:46,239
Speaker 13: own tail.

1009
00:47:46,560 --> 00:47:48,960
Speaker 4: So help me understand how this keeps going, because I

1010
00:47:49,000 --> 00:47:50,680
Speaker 4: want to try to, it's very hard for me to

1011
00:47:50,719 --> 00:47:53,640
Speaker 4: get my head around this. So let's say I run

1012
00:47:53,680 --> 00:47:57,360
Speaker 4: an apple orchard, right, and I make a ton of apples,

1013
00:47:58,200 --> 00:47:59,680
Speaker 4: but nobody wants to buy my apples.

1014
00:48:00,520 --> 00:48:02,919
Speaker 7: So I take money that I.

1015
00:48:02,920 --> 00:48:07,840
Speaker 4: Have and I give it to my neighbor, and my

1016
00:48:07,920 --> 00:48:12,680
Speaker 4: neighbor uses the money to buy my apples. So now

1017
00:48:12,719 --> 00:48:15,040
Speaker 4: I have the same amount of money that I started with,

1018
00:48:15,600 --> 00:48:19,640
Speaker 4: but I don't have my apples anymore. Right, Explain to

1019
00:48:19,640 --> 00:48:22,000
Speaker 4: me that this doesn't just all end in tears.

1020
00:48:22,480 --> 00:48:25,520
Speaker 13: There are all these people on the sidelines that say, oh,

1021
00:48:25,719 --> 00:48:30,080
Speaker 13: you have you created another uh, you know, demand for

1022
00:48:30,239 --> 00:48:33,319
Speaker 13: your apples, and so we're going to give you more

1023
00:48:33,400 --> 00:48:36,400
Speaker 13: money because you're obviously running a very good business where.

1024
00:48:36,200 --> 00:48:37,799
Speaker 7: You have a lot of I've buildled my mind, more

1025
00:48:37,840 --> 00:48:38,440
Speaker 7: money is coming in.

1026
00:48:38,560 --> 00:48:42,759
Speaker 13: That's that's the stock market, right That's that's investors on

1027
00:48:42,800 --> 00:48:46,200
Speaker 13: the sidelines saying this sounds good. In video, you're you're

1028
00:48:46,239 --> 00:48:50,320
Speaker 13: creating your own demand and so uh, it's it doesn't

1029
00:48:50,360 --> 00:48:51,960
Speaker 13: stop until the music stops.

1030
00:48:52,160 --> 00:48:53,440
Speaker 7: And we've seen this before.

1031
00:48:53,480 --> 00:48:56,279
Speaker 3: As as as a cigar alluded to.

1032
00:48:57,440 --> 00:49:00,000
Speaker 13: In the nineteen nineties, there was an infrastructure build out

1033
00:49:00,040 --> 00:49:05,280
Speaker 13: out of you know, fiber infrastructure was needed for the web,

1034
00:49:05,600 --> 00:49:08,319
Speaker 13: and Cisco was really the company at the center of it,

1035
00:49:08,600 --> 00:49:12,040
Speaker 13: and they were engaging in this vendor financing for these

1036
00:49:12,120 --> 00:49:15,200
Speaker 13: startups that were creating you know, fiber opts to layout

1037
00:49:15,760 --> 00:49:20,080
Speaker 13: and it was all great until it turned out that

1038
00:49:20,320 --> 00:49:23,400
Speaker 13: nobody really needed pets dot com anymore. And at that

1039
00:49:23,560 --> 00:49:27,080
Speaker 13: point Cisco lost eighty percent of its value. So we

1040
00:49:27,160 --> 00:49:31,520
Speaker 13: have been here before. It sounds great and it works

1041
00:49:31,560 --> 00:49:34,320
Speaker 13: great until it doesn't. We don't know when that time's

1042
00:49:34,360 --> 00:49:35,880
Speaker 13: going to be. If I knew that I would I

1043
00:49:35,880 --> 00:49:39,920
Speaker 13: would be very rich ment. But what we know is

1044
00:49:39,960 --> 00:49:43,120
Speaker 13: that it doesn't feel like it can last forever.

1045
00:49:43,239 --> 00:49:44,680
Speaker 1: So that's my last question, David.

1046
00:49:45,320 --> 00:49:47,680
Speaker 3: One way I've been kind of coping on why it

1047
00:49:47,719 --> 00:49:49,680
Speaker 3: won't is the economy, in my opinion, was a lot

1048
00:49:49,719 --> 00:49:51,040
Speaker 3: more real in nineteen ninety nine.

1049
00:49:51,120 --> 00:49:52,880
Speaker 1: You know, in two thousand, like you know, we actually

1050
00:49:52,920 --> 00:49:53,640
Speaker 1: did build it up.

1051
00:49:53,920 --> 00:49:57,240
Speaker 3: We you know, it wasn't great, it was still financialized,

1052
00:49:57,280 --> 00:50:00,759
Speaker 3: but it was still there was something actually happening in

1053
00:50:00,800 --> 00:50:03,760
Speaker 3: the US economy. Now, this is it like if eighty

1054
00:50:03,800 --> 00:50:07,000
Speaker 3: percent and eighty percent of stock gains and fifty percent

1055
00:50:07,040 --> 00:50:11,799
Speaker 3: of JATA center is GDP, the system cannot afford a crash. Now,

1056
00:50:11,840 --> 00:50:15,399
Speaker 3: that hasn't necessarily stopped it before. But why wouldn't they

1057
00:50:15,440 --> 00:50:17,680
Speaker 3: just pull out all the stops, as say, actually know

1058
00:50:18,000 --> 00:50:21,480
Speaker 3: the crash is not happening because our entire economic livelihood

1059
00:50:21,480 --> 00:50:23,160
Speaker 3: depends on it.

1060
00:50:23,160 --> 00:50:27,080
Speaker 13: It's certainly possible that that's only that's only operative if

1061
00:50:27,080 --> 00:50:29,360
Speaker 13: you believe in the day, if you believe that there's

1062
00:50:29,400 --> 00:50:35,160
Speaker 13: no other force that can can thrust reality into being.

1063
00:50:35,600 --> 00:50:39,239
Speaker 13: I mean, the similarities people are making a lot of

1064
00:50:39,280 --> 00:50:43,600
Speaker 13: connections to nineteen ninety, the nineteen nineties and the dot

1065
00:50:43,640 --> 00:50:46,520
Speaker 13: com build out. And by the way, you can have

1066
00:50:46,680 --> 00:50:50,480
Speaker 13: a buildout of a physical good but still have it

1067
00:50:50,719 --> 00:50:55,240
Speaker 13: end with a financial crash. I mean, railroads had bubbles

1068
00:50:55,640 --> 00:50:58,280
Speaker 13: when they were being built out. The trans Continental Railroad

1069
00:50:58,520 --> 00:51:00,640
Speaker 13: led to the Panic of eighteen seven, twenty three, and

1070
00:51:00,680 --> 00:51:05,480
Speaker 13: things like this that were really terrible depressions. So technologies

1071
00:51:05,480 --> 00:51:08,439
Speaker 13: can be useful, but the financing behind them can still

1072
00:51:08,480 --> 00:51:11,919
Speaker 13: be really, really bad. And so I relate this as

1073
00:51:12,000 --> 00:51:14,279
Speaker 13: much to the financial crisis as I do to the

1074
00:51:14,320 --> 00:51:16,520
Speaker 13: dot com build out. And there are even some of

1075
00:51:16,520 --> 00:51:20,719
Speaker 13: the same players. Ryan right might remember the name Magnetar.

1076
00:51:21,280 --> 00:51:26,680
Speaker 13: They were a hedge fund that they would basically build

1077
00:51:26,719 --> 00:51:29,520
Speaker 13: these mortgage backed securities and then bet against them.

1078
00:51:30,280 --> 00:51:32,240
Speaker 7: This is like right at the end of the bubble.

1079
00:51:33,200 --> 00:51:37,399
Speaker 13: Magnetar is the leading institutional investor in core Weave, one

1080
00:51:37,440 --> 00:51:39,680
Speaker 13: of these companies that builds data centers.

1081
00:51:42,080 --> 00:51:44,120
Speaker 7: Yes, they never went away.

1082
00:51:44,600 --> 00:51:48,840
Speaker 13: And so here we are twenty years later, close to

1083
00:51:48,880 --> 00:51:52,319
Speaker 13: twenty years later, and core Weave is at the heart.

1084
00:51:52,520 --> 00:51:54,919
Speaker 13: This is one of these companies that they've never made

1085
00:51:54,960 --> 00:51:57,440
Speaker 13: any money, but they have a lot of investment and

1086
00:51:57,480 --> 00:52:00,680
Speaker 13: it's kind of wily coyote, not looking down at the

1087
00:52:00,680 --> 00:52:05,479
Speaker 13: ground and seeing nothing situation. And so when I heard

1088
00:52:05,560 --> 00:52:10,640
Speaker 13: Magnetar was involved, I got I got heart palpitations a

1089
00:52:10,680 --> 00:52:11,080
Speaker 13: little bit.

1090
00:52:11,239 --> 00:52:11,520
Speaker 3: Wow.

1091
00:52:11,560 --> 00:52:14,879
Speaker 4: And Zuckerberg, actually, I'm sure you noticed this. He brought

1092
00:52:14,960 --> 00:52:19,160
Speaker 4: up the railroad example himself. You know, he said, you know,

1093
00:52:19,719 --> 00:52:21,920
Speaker 4: just like in the railroad example, you know, this was

1094
00:52:22,080 --> 00:52:24,760
Speaker 4: infrastructure that was needed, and there was a huge bubble

1095
00:52:25,480 --> 00:52:28,600
Speaker 4: and a lot of rail lines got built that went

1096
00:52:28,640 --> 00:52:32,360
Speaker 4: to nowhere because you know, the companies went bankrupt, and

1097
00:52:32,480 --> 00:52:34,279
Speaker 4: you know, there was just money to be made in

1098
00:52:34,800 --> 00:52:36,960
Speaker 4: saying that you were going to build a railroad, and

1099
00:52:36,960 --> 00:52:39,480
Speaker 4: then money money would come in, you'd pay off the

1100
00:52:39,520 --> 00:52:41,960
Speaker 4: politicians who would then give you the easements, and you

1101
00:52:42,040 --> 00:52:44,920
Speaker 4: pay the politicians off in stock in the railroad. That

1102
00:52:45,000 --> 00:52:47,000
Speaker 4: was some of those those big scandals at the time.

1103
00:52:47,920 --> 00:52:51,160
Speaker 4: And then the bubble popped and as Zuckerberg said, and

1104
00:52:51,640 --> 00:52:53,480
Speaker 4: a lot of companies got wiped out, but we had

1105
00:52:53,520 --> 00:52:56,960
Speaker 4: some rail lines laid down, and then the oligarchs could

1106
00:52:57,000 --> 00:53:00,080
Speaker 4: come in and buy up cheap assets, which also, as

1107
00:53:00,120 --> 00:53:03,080
Speaker 4: Zuckerberg said, so what's going to happen From Zuckerberg's perspective,

1108
00:53:03,520 --> 00:53:06,080
Speaker 4: there will be a bust. I don't know if it'll

1109
00:53:06,080 --> 00:53:08,120
Speaker 4: be as bad as like they you know, eighteen seventy

1110
00:53:08,120 --> 00:53:11,680
Speaker 4: three or the eighteen nineties, but then the oligarchs that

1111
00:53:11,760 --> 00:53:15,080
Speaker 4: survive come in and buy up everything for very cheap

1112
00:53:15,480 --> 00:53:18,799
Speaker 4: and then kind of do it all again. And you know,

1113
00:53:18,840 --> 00:53:20,640
Speaker 4: it took us until the Progressive era and then the

1114
00:53:20,719 --> 00:53:23,000
Speaker 4: New Deal to sort that out. I don't know if

1115
00:53:23,000 --> 00:53:26,759
Speaker 4: we're on a shortened time frame or what this time around.

1116
00:53:27,160 --> 00:53:31,799
Speaker 13: Well, I mean, certainly if you think about what would

1117
00:53:31,920 --> 00:53:37,400
Speaker 13: happen in the aftermath of something like this popping, and

1118
00:53:37,800 --> 00:53:41,879
Speaker 13: the pop can come from any any way, whether it's

1119
00:53:42,440 --> 00:53:45,520
Speaker 13: China coming up with models that turns out they don't

1120
00:53:45,560 --> 00:53:48,319
Speaker 13: need a ton of infrastructure to be built to do,

1121
00:53:49,080 --> 00:53:53,759
Speaker 13: or you know, we find out that AI has a

1122
00:53:53,800 --> 00:53:58,160
Speaker 13: plateau and it's you know, cat videos, aren't you know,

1123
00:53:58,360 --> 00:54:02,920
Speaker 13: God in the machine? Whatever it is, what do we

1124
00:54:03,000 --> 00:54:07,920
Speaker 13: think if it happens under this administration? We were pretty

1125
00:54:08,000 --> 00:54:10,279
Speaker 13: sure that there's probably going to be a bailout of

1126
00:54:10,320 --> 00:54:13,520
Speaker 13: some sort, because you know, we're we're seeing it right

1127
00:54:13,520 --> 00:54:16,560
Speaker 13: now and farming. I mean that, you know, if you

1128
00:54:16,640 --> 00:54:21,440
Speaker 13: have a connection or a closeness to this administration, they're

1129
00:54:21,560 --> 00:54:24,880
Speaker 13: they're going to take care of you. And so that

1130
00:54:25,120 --> 00:54:30,040
Speaker 13: scenario that you just put out there where the oligarchs

1131
00:54:30,440 --> 00:54:35,279
Speaker 13: the tech lords come in and they're kind of it's

1132
00:54:35,320 --> 00:54:39,839
Speaker 13: almost that they're incubating themselves or isolating themselves from the

1133
00:54:39,880 --> 00:54:44,600
Speaker 13: pain by engaging in this in these financial games, because

1134
00:54:44,800 --> 00:54:48,320
Speaker 13: ultimately it's going to be retail investors and these small

1135
00:54:48,320 --> 00:54:50,880
Speaker 13: companies like core Weave that can be sort of jettisoned

1136
00:54:50,880 --> 00:54:55,040
Speaker 13: off and then the oligarchs that are throwing off their

1137
00:54:55,080 --> 00:54:58,600
Speaker 13: own cash flow can come in and take over.

1138
00:54:58,840 --> 00:55:01,479
Speaker 3: Yeah, thank you so much for your inside David. Really

1139
00:55:01,520 --> 00:55:03,640
Speaker 3: rely on the work that you guys do, and I

1140
00:55:03,680 --> 00:55:06,080
Speaker 3: think that this is genuinely one of the most important

1141
00:55:06,120 --> 00:55:08,480
Speaker 3: issues in the US economy. So thank you for breaking

1142
00:55:08,480 --> 00:55:10,279
Speaker 3: it down. We'll see you later, Man, thank you so

1143
00:55:10,360 --> 00:55:10,880
Speaker 3: much for being here.

1144
00:55:10,960 --> 00:55:11,120
Speaker 11: Ryan.

1145
00:55:11,160 --> 00:55:12,160
Speaker 1: We appreciate you very much.

1146
00:55:12,200 --> 00:55:15,560
Speaker 3: Brother, and Ryan and m movie on tomorrow with the counterpoints,

1147
00:55:15,600 --> 00:55:16,480
Speaker 3: So we'll see you all then.