WEBVTT - Executive Disorder: White House Weekly #3 0:00:01.720 --> 0:00:09.840 Cool Media. 0:00:10.440 --> 0:00:13.080 Welcome to the Birds and the Bees, a podcast where 0:00:13.200 --> 0:00:16.880 James Stout makes animal noises and also we talk about 0:00:16.920 --> 0:00:19.560 what's going on in the White House this week. 0:00:19.760 --> 0:00:22.680 That's right, This is that could happen here Executive Disorder, 0:00:22.720 --> 0:00:24.919 our weekly newscast covering what's happening in the White House, 0:00:25.239 --> 0:00:28.400 the crumbling of our world, and what this means for you. 0:00:28.600 --> 0:00:31.880 That is Robert talking Previously, James Stout is also here. 0:00:32.120 --> 0:00:35.200 I'm Garrison Davis. I'm also joined by Mia Wong. This episode, 0:00:35.200 --> 0:00:38.959 we're covering the week of February sixth to February twelfth. Currently, 0:00:39.200 --> 0:00:43.400 me and Mia are inside New Orleans, Louisiana, and I 0:00:43.440 --> 0:00:46.360 am proud to report that fascism has been defeated. The 0:00:46.400 --> 0:00:49.800 Philadelphia Eagles have beat the kk Kansas City Chiefs in 0:00:49.920 --> 0:00:54.080 Super Bowl. Drake has been executed live on stage. It's 0:00:54.120 --> 0:00:55.000 a great week. 0:00:56.280 --> 0:00:59.000 That would have been kinder than what actually happened to Drake. 0:01:01.080 --> 0:01:05.000 Look as someone, as someone in My Blueskin mentioned, says capitalism. 0:01:05.040 --> 0:01:07.920 Currently the rule of capitalism seems inescapable, but the divine, 0:01:08.000 --> 0:01:11.200 the divine rule of the Chiefs once seemed undefeatable too, 0:01:11.520 --> 0:01:13.679 And they were fucking humiliated. 0:01:14.440 --> 0:01:16.319 Oh my god, they lost so bad. 0:01:16.840 --> 0:01:19.679 I can't even I can't even say that they were 0:01:19.680 --> 0:01:21.680 beaten up and down the field, because I'd even fucking 0:01:21.680 --> 0:01:26.399 get down the field, obliterally generational beat down. 0:01:26.720 --> 0:01:30.759 And yeah, when I arrived here in New Orleans on Monday, 0:01:31.319 --> 0:01:33.160 this is the Monday after the Super Bowl, so a 0:01:33.160 --> 0:01:37.919 complete nightmare. But there was just an ocean of an 0:01:38.040 --> 0:01:41.440 ocean of out and proud Eagles fans. And the funniest 0:01:41.440 --> 0:01:43.040 thing I saw is that when I was waiting for 0:01:43.040 --> 0:01:45.240 me to fly in, there was this like half a 0:01:45.280 --> 0:01:51.000 full clothing rack of leftover Chiefs merche and all of 0:01:51.040 --> 0:01:52.440 the Eagles merch were gone. 0:01:52.680 --> 0:01:55.480 I will see that Chiefs Merch again somewhere in like 0:01:55.480 --> 0:01:58.480 a resource pause edging from now. 0:01:58.760 --> 0:02:01.600 Yes, yes, that's going to be the uniform of a 0:02:01.640 --> 0:02:03.480 future civil war. 0:02:06.440 --> 0:02:10.480 Literally literally Taylor Swift themed Kansas City Chiefs merch. 0:02:10.720 --> 0:02:10.960 Ah. 0:02:11.720 --> 0:02:13.320 Yeah, huge Alpha capital. 0:02:13.400 --> 0:02:18.120 It is so funny. Oh man, well, I guess. Yeah. 0:02:18.240 --> 0:02:22.920 The big losers this week, Drake and unfortunately the nation 0:02:23.040 --> 0:02:26.000 of Ukraine and most of the rest of Western Europe. Yeah, 0:02:26.120 --> 0:02:28.480 I guess We'll start with the big news today, which 0:02:28.520 --> 0:02:31.040 is that Trump just had a really great call with 0:02:31.120 --> 0:02:34.160 Vladimir Putin went super well. They're going to be meeting, 0:02:34.280 --> 0:02:37.840 maybe in Saudi Arabia. There's been some floating of the 0:02:37.880 --> 0:02:40.320 fact that they might meet at the White House, which 0:02:40.400 --> 0:02:43.000 I don't think it ends well for Putin if he 0:02:43.080 --> 0:02:44.760 visits the Uniteds. I don't think it ends well for 0:02:44.800 --> 0:02:47.680 anybody if he visits the United States. This country is 0:02:47.720 --> 0:02:51.720 too heavily armed and crazy right now. But they're doing 0:02:51.760 --> 0:02:54.520 this because Putin and Trump have evidently reached some sort 0:02:54.560 --> 0:02:56.760 of agreement about the end of the war in Ukraine. 0:02:57.280 --> 0:03:02.880 Zelenski was not really on this. He's made a couple 0:03:02.880 --> 0:03:05.840 of statements like yep, we're we're hoping that this is 0:03:05.880 --> 0:03:08.360 what pushes everything towards peace. But it's very clear that 0:03:08.480 --> 0:03:10.720 what's happening is Ukraine is going to be made to 0:03:10.760 --> 0:03:13.440 give up a decent chunk of their territory. Now they 0:03:13.440 --> 0:03:16.680 do have Russian territory still to bargain with somewhat, so 0:03:17.760 --> 0:03:20.040 it hopefully will not be a situation where Putin gets 0:03:20.080 --> 0:03:23.040 is entirely his own way. But that is kind of 0:03:23.080 --> 0:03:26.200 the what's happening, and the sea change that will accompany 0:03:26.240 --> 0:03:30.240 this is that new Secretary of Defense and alcoholic Pete 0:03:30.240 --> 0:03:33.360 Hegseth made a statement and a meeting in Brussels that 0:03:33.440 --> 0:03:36.120 the United States will no longer be the guarante of 0:03:36.480 --> 0:03:39.440 peace in Europe. Specifically, he stated that we're not going 0:03:39.440 --> 0:03:43.400 to tolerate of an imbalanced relationship which encourages dependency. But 0:03:43.520 --> 0:03:47.160 this was an announcement that the post war sort of 0:03:47.240 --> 0:03:50.880 status quo is no longer something that we can rely 0:03:50.960 --> 0:03:54.320 on going forward, and that is a really significant admission 0:03:54.360 --> 0:03:55.200 from the sec deaff. 0:03:55.320 --> 0:03:58.480 Yeah, it's sick, it's pretty cool, and it's going to 0:03:58.520 --> 0:04:00.920 be great. It's going to be great. If you're in 0:04:00.960 --> 0:04:03.480 the German arms industry, it's going to be a banger 0:04:03.600 --> 0:04:05.960 year for you. You making similis, I. 0:04:05.880 --> 0:04:08.200 Think we could all agree the future is bright for 0:04:08.320 --> 0:04:09.200 German weaponry. 0:04:09.400 --> 0:04:13.240 Yeah, once again Germany will rise to its former glory. Hussah. 0:04:13.480 --> 0:04:15.280 Yeah, you say that as kind of a joke, but 0:04:15.360 --> 0:04:18.440 like genuinely the fact that we are doing a bunch 0:04:18.440 --> 0:04:20.520 of stuff that is leading to the full re armament 0:04:20.640 --> 0:04:23.080 of the German army at the moment when the German 0:04:23.120 --> 0:04:26.800 fascist parties are like about to take power. 0:04:26.960 --> 0:04:29.520 When off Day is getting into power, Yeah, it's great. 0:04:29.520 --> 0:04:31.600 And the Luftwaffe hasn't even bought to change his slogo 0:04:31.640 --> 0:04:33.039 since the last time, so that's cool. 0:04:33.160 --> 0:04:34.920 Well, and what you bring up there me is probably 0:04:34.960 --> 0:04:37.680 worth discussing in concert with all of this, which is 0:04:37.720 --> 0:04:41.760 that AfD off Day, the Alternative for Deutschland, which is 0:04:41.839 --> 0:04:46.640 the new Nazi Party in Germany, is not the majoritarian party, 0:04:46.680 --> 0:04:50.040 but is taking enough seats that it is going to 0:04:50.080 --> 0:04:53.680 be included in the next governing coalition, which is something 0:04:53.680 --> 0:04:56.599 that has not happened in the post World War Two era. 0:04:57.080 --> 0:05:00.719 In the immediate aftermath of World War Two, every Western 0:05:00.720 --> 0:05:04.960 European nation basically came to a tacit agreement referred to 0:05:05.000 --> 0:05:07.480 as the cordon sanitaire, which is when a right wing 0:05:07.520 --> 0:05:10.479 party starts to gain power, you do not coalition with 0:05:10.560 --> 0:05:14.560 them under any circumstances. Germany is actually like the last 0:05:14.800 --> 0:05:18.440 of the European countries to give up this idea. But 0:05:18.640 --> 0:05:21.560 the fact that the Cordon sanitaire has fallen in Germany 0:05:21.680 --> 0:05:23.320 is real bad news. 0:05:23.760 --> 0:05:26.719 Yeah, And the ADF, like it's worth mentioning, right, Like 0:05:27.120 --> 0:05:30.160 the ADF is so right wing and so nazi that, 0:05:30.200 --> 0:05:33.680 like the the Italian fascists to our empower right now 0:05:33.800 --> 0:05:36.599 will not work with them, Like, Yeah, yeah, a bunch 0:05:36.680 --> 0:05:40.359 of stuff leaked a little while ago about these people 0:05:40.400 --> 0:05:43.200 at beatings openly talking about deporting every single Jew and 0:05:43.200 --> 0:05:45.960 every single immigrant from the country. Like these people are 0:05:46.400 --> 0:05:50.359 you know, I mean, they're just Nazis And yeah, so 0:05:50.400 --> 0:05:55.080 now we're fucking handing them the fucking justification to fucking 0:05:55.120 --> 0:05:58.919 rebuild their entire arms industry. So yep, great stuff. 0:05:59.000 --> 0:06:01.440 It is dark, I mean. And again when we say 0:06:01.440 --> 0:06:06.160 the Italian fascists, this is literally Mussolini's party, as in 0:06:06.200 --> 0:06:07.839 his granddaughter it's a member. 0:06:07.960 --> 0:06:08.120 Yeah. 0:06:08.279 --> 0:06:12.040 Yeah, so yeah, that's bad. I think that's probably most 0:06:12.040 --> 0:06:14.280 of what we can say about what's going on in 0:06:14.320 --> 0:06:17.040 Europe and with Ukraine right now. But it's not good. 0:06:17.240 --> 0:06:20.359 Yeah, yeah, it's not good. It doesn't point to a 0:06:20.360 --> 0:06:23.320 great future. And this is the multi polar world that 0:06:23.520 --> 0:06:27.240 like Russia has wanted for some time, like coming to fruition, right, 0:06:27.800 --> 0:06:30.520 and I didn't want to talk about. So there was 0:06:30.560 --> 0:06:34.080 a time when Vladimir Putin some as you remember, was 0:06:34.440 --> 0:06:37.920 sanctioned by the International Criminal Court for his war crimes 0:06:37.960 --> 0:06:41.560 in Ukraine. The United States, however, the United States has 0:06:41.560 --> 0:06:44.400 not been a signatory to the Rome Statute, so it 0:06:44.440 --> 0:06:48.680 wouldn't necessarily have enforced that arrest warrant anyway. But this 0:06:48.720 --> 0:06:53.360 week Trump signed a little executive order titled in block capitals, 0:06:53.360 --> 0:06:56.560 as we've come to expect, imposing sanctions on the International 0:06:56.560 --> 0:07:00.760 Criminal Court, and in doing so, he followed the example 0:07:00.760 --> 0:07:03.000 of Putin, who in twenty twenty three put out arrest 0:07:03.080 --> 0:07:07.280 warrants for ICC prosecutors after they put out a warrant 0:07:07.279 --> 0:07:11.440 for his arrest. Trump didn't cite the Putin example. He 0:07:11.480 --> 0:07:16.520 called the ICC's actions against Israel illegitimate and baseless. That's 0:07:16.560 --> 0:07:20.440 a quote. He specifically called the warrants against UF Gallant 0:07:20.560 --> 0:07:25.240 and Benjamin Etting Yahoo baseless. He then went on to claim, quote, 0:07:25.280 --> 0:07:28.680 both nations are thriving democracies with militaries strictly adhered to 0:07:28.720 --> 0:07:30.720 the laws of war. This is a thing that is 0:07:30.760 --> 0:07:34.920 not true. His order then goes on to outline what 0:07:35.040 --> 0:07:38.360 it calls protected persons, people who aren't familiar at United 0:07:38.400 --> 0:07:41.600 States person is distinguished from the United States citizen. It 0:07:41.640 --> 0:07:45.000 also includes any permanent residents. It also includes US Armed 0:07:45.040 --> 0:07:48.680 Forces government officials and contractors working on behalf of US 0:07:48.880 --> 0:07:53.080 Armed Forces contractors. Yeah, yeah, yeah, the people who can 0:07:53.120 --> 0:07:56.320 do no wrong. It then goes on to include US allies, 0:07:56.400 --> 0:07:59.640 including all of NATO and sometimes contractors working on their behalf. 0:08:00.080 --> 0:08:02.680 It says that if the International Criminal Court investigates any 0:08:02.720 --> 0:08:05.720 of these people, Trump called the Clara National Emergency. It 0:08:05.840 --> 0:08:10.640 also imposes material sanctions and travel bands on both ICC 0:08:10.880 --> 0:08:13.600 prosecutors and people acting on their warrants, as well of 0:08:13.640 --> 0:08:17.400 the families of those people. Interesting, Yeah, this is an 0:08:17.480 --> 0:08:21.080 unprecedented American politics, and sometimes it gets reported like it is. 0:08:21.200 --> 0:08:24.400 I want to like throw back to what they called 0:08:24.400 --> 0:08:27.560 the Hague Invasion Act. That wasn't its real name, but 0:08:27.640 --> 0:08:31.800 that was George Bush's. Like it authorized the President to 0:08:31.880 --> 0:08:35.000 use any means necessary to release United States people held 0:08:35.040 --> 0:08:38.080 by the ICC or at its request. So people started 0:08:38.080 --> 0:08:39.520 calling it the Hague Invasion Act. 0:08:39.600 --> 0:08:39.800 Right. 0:08:40.400 --> 0:08:43.840 Trump did also sanction ICC prosecutors and their families in 0:08:43.920 --> 0:08:47.600 twenty twenty for looking into US war crimes in Afghanistan. 0:08:48.000 --> 0:08:50.400 I think that happened in June of twenty twenty, So 0:08:50.559 --> 0:08:54.000 you can be forgiven for having missed up because some 0:08:54.040 --> 0:08:55.520 stuff was happening at that time. 0:08:55.720 --> 0:08:56.520 Oh was it? 0:08:57.480 --> 0:09:01.280 Yeah, things were going down. I'm sure Philadelphia Eagles were, 0:09:01.280 --> 0:09:03.480 you know, beginning their rise to glory again. That was 0:09:03.520 --> 0:09:07.760 a big thing. Kansas City chiefs were doing some racist shit, shockingly, shockingly. 0:09:07.880 --> 0:09:10.200 I'm sure Taylor Swift was doing something too, But yeah, 0:09:10.280 --> 0:09:13.400 this is like Israel has for nearly a decade been 0:09:13.440 --> 0:09:16.360 trying to hack samea surveil and threaten the Court. In 0:09:16.400 --> 0:09:18.280 the show notes, I'll include a link to a Guardian 0:09:18.360 --> 0:09:21.760 article that came out last year about Israel's attacks and 0:09:21.760 --> 0:09:24.920 attempts to undermine the International Criminal Court. And just if 0:09:24.920 --> 0:09:27.160 I've been talking about something and you're like, what is 0:09:27.160 --> 0:09:30.960 the International Criminal Court? Very briefly, it's based at the Hague. 0:09:31.000 --> 0:09:32.760 So if you've heard, you know you will stand trial 0:09:32.800 --> 0:09:34.880 at the Hague. That's what they're talking about. It has 0:09:34.920 --> 0:09:38.280 its most immediate routes in the tribunals investigated perpetrations of 0:09:38.320 --> 0:09:42.920 genocides in Rwanda and Yugoslavia. The US and Israel are 0:09:42.960 --> 0:09:45.720 lot members of the court. They never signed the Roman Statute. 0:09:45.840 --> 0:09:47.959 Russia withdrew in twenty sixteen. 0:09:48.160 --> 0:09:49.360 Curious time to withdraw? 0:09:49.840 --> 0:09:53.440 Interesting, fascinating. Yeah, they just decided that it wasn't for them, 0:09:54.480 --> 0:09:57.839 and off they went to do some war crimes. The 0:09:58.400 --> 0:10:02.080 ICC has been criticized, probably recent for the vast majority 0:10:02.120 --> 0:10:04.240 of the people who have actually been prosecuted for the 0:10:04.400 --> 0:10:08.359 ICC being outside of the core neoliberal states, right, It's 0:10:08.440 --> 0:10:11.559 prosecuted a lot of people in Africa. That doesn't mean 0:10:11.559 --> 0:10:13.680 that like African people can't do war crimes in Africa, 0:10:13.720 --> 0:10:16.040 of course they can, but it means that they're held 0:10:16.120 --> 0:10:20.160 accountable more often than when countries in the global North 0:10:20.280 --> 0:10:23.640 do war crimes, which they can do too. Okay, So Trump, 0:10:23.960 --> 0:10:27.559 that's like everything else he does, was condemned internationally for this, right, 0:10:27.559 --> 0:10:30.040 including by several NATO allies, in so much as they 0:10:30.040 --> 0:10:34.160 really are NATO allies anymore given everything we've just talked about. However, 0:10:34.160 --> 0:10:36.800 it's also worth noting that some of the countries like France, 0:10:36.840 --> 0:10:41.720 who condemned Trump's sanctioning of ICC prosecutors, also allowed someone 0:10:41.760 --> 0:10:44.240 with an ICC warrant I Benjamin that's in Yahoo to 0:10:44.240 --> 0:10:48.640 transit their airspace. So like, therefore, commitment to the ICC 0:10:49.640 --> 0:10:52.360 perhaps can be questioned. This is a problem with the ICC, right, 0:10:52.360 --> 0:10:54.680 it doesn't have an integral enforcement mechanism. 0:10:55.040 --> 0:10:59.240 Yeah, yeah, I mean like Canada previously promised quote unquote 0:10:59.240 --> 0:11:02.400 promised yeah to arrest net Yahoo if they were ever 0:11:02.520 --> 0:11:05.360 like able to, and like, yeah, I'm very curious to 0:11:05.360 --> 0:11:06.760 see how this is going to shake down with the 0:11:06.840 --> 0:11:10.040 US taking like an extremely firmer stance at least than 0:11:10.080 --> 0:11:12.920 we previously had. We already like you know, quote unquote 0:11:12.920 --> 0:11:16.439 like condemnic Canada. But like I'm interested to see Trump 0:11:16.520 --> 0:11:19.320 like be more interested in actually pushing this further than 0:11:19.320 --> 0:11:19.959 it has been. 0:11:20.440 --> 0:11:22.360 Yeah, I guess we'll see how it goes for people 0:11:22.360 --> 0:11:24.959 who are unfamiliar. I do want to like really quickly 0:11:25.080 --> 0:11:28.559 mention that like Palestine is a signatory and therefore war 0:11:28.600 --> 0:11:31.079 crimes to happen within Palestine and covered by the CORE. 0:11:31.200 --> 0:11:35.040 Even if states such as Israel are not signatories, right, 0:11:35.880 --> 0:11:38.840 therefore they're still under the court to jurisdiction. So that's 0:11:38.880 --> 0:11:41.040 how in this case this is happening. 0:11:41.280 --> 0:11:41.520 Yep. 0:11:42.240 --> 0:11:45.040 It could also make the ICC's life very difficult in 0:11:45.120 --> 0:11:48.240 terms of using technology, right that the tech back end 0:11:48.280 --> 0:11:51.640 of everything that ICC does. Try to remove that from 0:11:51.720 --> 0:11:53.959 any United States involvement would be very hard. 0:11:55.120 --> 0:11:57.360 Well, let's go on a quick out of break in 0:11:57.440 --> 0:11:59.880 return to talk about I don't know what the treasury or. 0:12:00.440 --> 0:12:01.800 Yeah, let's talk about the treasury. 0:12:02.080 --> 0:12:17.840 All right, all right, we are back. But before we 0:12:17.880 --> 0:12:20.240 talk about the Treasury, I first wanted to do some 0:12:20.360 --> 0:12:23.680 do some breaking news while kind of breaking. So when 0:12:23.679 --> 0:12:25.600 I was flying to New Orleans, I was able to 0:12:25.760 --> 0:12:28.840 fly past the brand new Gulf of America. It was 0:12:28.920 --> 0:12:33.400 a life changing experience. It really warmed my heart. And then, luckily, 0:12:33.920 --> 0:12:38.760 a few days ago, Georgia Representative Buddy Carter announced legislation 0:12:38.960 --> 0:12:42.520 to empower Trump to enter into negotiations to quote unquote 0:12:42.720 --> 0:12:49.439 purchase or otherwise acquire Greenland and importantly to rename it red, 0:12:49.559 --> 0:12:53.040 white and blue. Lind God, let's get some quick reactions 0:12:53.080 --> 0:12:53.800 from the panel. 0:12:53.960 --> 0:12:56.960 Sorry, As a person born in Europe, the idea of 0:12:57.080 --> 0:13:00.559 Buddy Carter authorizing the formation of Red, White, Blue Land, 0:13:00.600 --> 0:13:03.120 it's simply just like the fact that this is not 0:13:03.160 --> 0:13:04.959 a parody, it's just fucking too much for me. 0:13:05.040 --> 0:13:09.360 Yeah, yeah, I mean, well, what it is is purposefully ridiculous. 0:13:09.400 --> 0:13:11.640 It's a it's a flex, it's a statement of the 0:13:11.679 --> 0:13:14.400 power that they have over their own party and the country. 0:13:14.440 --> 0:13:18.240 It is purposefully absurd, and everyone is going to go 0:13:18.360 --> 0:13:21.920 along with it because the Chief, the King supports it, right, 0:13:22.320 --> 0:13:23.880 Like that's the point in my opinion. 0:13:23.960 --> 0:13:27.600 Yeah, see empress new clothes of invading places. 0:13:27.160 --> 0:13:29.960 Like it doesn't matter. We can be as silly as 0:13:30.000 --> 0:13:30.360 we want. 0:13:30.679 --> 0:13:33.359 Genuinely interested in hearing from people in Greenland. 0:13:33.480 --> 0:13:36.240 Yes, honestly, I'm kind of surprised, because I would I 0:13:36.240 --> 0:13:38.600 would assume it. Maybe maybe this is still in the works. 0:13:39.040 --> 0:13:40.960 If Elon Musk can find a way to call this 0:13:41.040 --> 0:13:43.760 thing excellent, is really my concern. 0:13:44.280 --> 0:13:48.040 Yeah, yeah, yeah, yeah, yeah, but I'm really interested in 0:13:48.040 --> 0:13:50.880 hearing from Greenland. Is genuinely You can contact us at 0:13:50.960 --> 0:13:53.760 cool Zone, tips at proton dot me, which is an 0:13:53.840 --> 0:13:57.040 encrypted email address that you can send emails to. 0:13:57.640 --> 0:14:00.920 Yeah, all right, let's let's let's talk about Trump potentially 0:14:00.920 --> 0:14:04.400 crashing the entire world economy. He's taking more shots to 0:14:04.520 --> 0:14:07.560 just literally blow this all up. Yeah, okay, So let's 0:14:07.559 --> 0:14:12.040 talk about the treasuries thing and him potentially talking about 0:14:12.160 --> 0:14:14.600 not paying out our fucking treasury bonds. Okay, so many 0:14:14.600 --> 0:14:17.920 reason quotes from Reuters. So this is Trump. We're even 0:14:17.960 --> 0:14:20.920 looking at treasuries. Trump said there could be a problem. 0:14:20.920 --> 0:14:23.080 You've been reading about that with treasuries, and that could 0:14:23.080 --> 0:14:26.480 be an interesting problem. Now treasuries again, our course, US 0:14:26.600 --> 0:14:28.680 treasury bonds. We will get to what those are in 0:14:28.680 --> 0:14:30.080 a second, but I need to read the rest of 0:14:30.120 --> 0:14:33.160 this quote. It could be that a lot of those 0:14:33.200 --> 0:14:36.200 things don't count. In other words, that some of the 0:14:36.200 --> 0:14:39.200 stuff that we're finding is very fraudulent. Therefore, maybe we 0:14:39.280 --> 0:14:43.520 have less debt than we thought. Now, that's a very 0:14:43.560 --> 0:14:44.800 scary thing to say here. 0:14:44.880 --> 0:14:50.000 Yeah. Treasury bills are the primary underpinning of like economic 0:14:50.120 --> 0:14:55.120 stability in this country. T bells are what large corporate 0:14:55.160 --> 0:14:57.400 institutions when they have a lot of cash with like 0:14:57.640 --> 0:15:00.480 very wealthy people. It's where you park your money, and 0:15:00.520 --> 0:15:03.280 it's where foreign governments park a lot of their money, 0:15:03.400 --> 0:15:05.720 like yeah, and it's how our government gets a lot 0:15:05.720 --> 0:15:09.640 of its money because it's a good, reliable investment. So 0:15:09.760 --> 0:15:12.160 saying maybe we're going to declare some of these T 0:15:12.360 --> 0:15:16.000 bill investments bullshit is very dangerous. 0:15:17.400 --> 0:15:19.080 Yeah, for the global economy. 0:15:19.320 --> 0:15:19.680 Yeah. 0:15:19.920 --> 0:15:23.440 Yeah, I want to read this next line because one 0:15:23.480 --> 0:15:26.640 of the things that's happening here, right is that people 0:15:27.080 --> 0:15:29.080 just simply and this has been a real problem for 0:15:29.120 --> 0:15:32.360 this entire administrations, people simply do not believe that he 0:15:32.480 --> 0:15:34.960 means to do the thing he says he's going to do. Right. 0:15:35.200 --> 0:15:39.000 Quote this is from Broiders. Again, it could be treasury payments, 0:15:39.120 --> 0:15:42.360 which is not linked the treasury bonds. Said for shop Bihani, 0:15:42.560 --> 0:15:46.800 investment chief for Asia at BNP Power Boss Wealth Management. 0:15:47.280 --> 0:15:49.480 I would be very surprised if they ever stopped a 0:15:49.520 --> 0:15:51.600 payment of treasury bonds to a holder. It would be 0:15:51.680 --> 0:15:54.760 like shooting yourself in the foot, he said. Now, this 0:15:55.000 --> 0:15:59.360 is something where these these institutional investors, like they still 0:15:59.400 --> 0:16:02.320 have not quite wrapped their head around the fact that no, 0:16:02.440 --> 0:16:05.040 he really will do this shit because he doesn't understand 0:16:05.160 --> 0:16:08.360 at all. He thinks that American debt works the same 0:16:08.400 --> 0:16:12.040 way as like his own personal debt, and no it doesn't. 0:16:12.080 --> 0:16:13.680 I mean, it's worth saying some bits. So, I mean, 0:16:13.760 --> 0:16:18.560 just a very very basic shit about how national debt works. Right, 0:16:18.640 --> 0:16:21.720 Like all of our money, literally every single dollar that 0:16:21.760 --> 0:16:23.960 is in circulation, every dollar that is in a bank account, 0:16:24.280 --> 0:16:27.200 that is literally government debt, right like that that's what 0:16:27.520 --> 0:16:32.400 money is, right, And these treasury bonds are as we 0:16:32.440 --> 0:16:36.000 were talking about earlier, right, this is like the investment 0:16:36.120 --> 0:16:40.560 asset for literally the entire world, and there's trillions of 0:16:40.600 --> 0:16:43.080 dollars of these. Actually, Japan is the largest holder of 0:16:43.120 --> 0:16:46.440 treasury bonds. China's sort of been selling some of theirs, 0:16:46.440 --> 0:16:47.840 but they have a lot of them. 0:16:48.080 --> 0:16:50.720 Yeah, probably good to be doing that, Yeah. 0:16:50.680 --> 0:16:53.520 And it's also you know, like the fact that he's 0:16:53.880 --> 0:16:55.720 saying he's not gonna pay these yet, like this can 0:16:55.760 --> 0:16:59.280 start a massive crisis in which I've been talking for 0:16:59.320 --> 0:17:01.000 a bit about, you know, every day we sort of 0:17:01.000 --> 0:17:04.119 get closer to credit rating agencies like downgrading the quality 0:17:04.160 --> 0:17:06.120 of US debt, which is a real problem for US 0:17:06.200 --> 0:17:09.520 trying to like get money from people. And and you know, 0:17:09.640 --> 0:17:11.320 even if you listen to what that what the sort 0:17:11.359 --> 0:17:13.640 of bond analyst is saying, right, he's like, well, it's fine, 0:17:13.640 --> 0:17:17.320 they'll just stop paying like US debt to other things, 0:17:17.320 --> 0:17:21.160 which is like unbelievably unhinged. Would also in and of itself, 0:17:21.200 --> 0:17:23.200 like destroying the full faith and credit of the United 0:17:23.240 --> 0:17:27.119 States would absolutely just fucking annihilate the world economy. And 0:17:27.320 --> 0:17:30.399 it's also another example of Trump not understanding how the 0:17:30.440 --> 0:17:33.679 empire he's inherited works, because like the one of the 0:17:33.720 --> 0:17:36.000 ways the US funds is government is by getting its 0:17:36.000 --> 0:17:39.040 client states to buy like trillions of dollars of assets. 0:17:39.080 --> 0:17:41.840 Like that's partially why feelief. Look at who's who buys 0:17:41.920 --> 0:17:45.119 US assets, like it's China and US tributary states like Japan, 0:17:45.160 --> 0:17:48.520 for example, which is just purely in American military Protectorate. Right, 0:17:48.520 --> 0:17:51.120 it's a sort of incredible system for the US. Right, 0:17:51.160 --> 0:17:53.720 you get a bunch of people and you, you know, 0:17:53.760 --> 0:17:55.680 you just you just sort of perpetually keep borrowing money 0:17:55.720 --> 0:17:57.879 from them. And it's this thing where they don't understand 0:17:58.200 --> 0:18:01.320 who actually holds the power in the relationship, which is 0:18:01.320 --> 0:18:03.320 that the US having all this is the one with 0:18:03.359 --> 0:18:05.320 the power and is the one that's getting everyone else's 0:18:05.320 --> 0:18:08.800 money for this sort of secure asset. So, you know, 0:18:09.280 --> 0:18:11.439 who knows what's going to happen with this If this 0:18:11.480 --> 0:18:14.280 actually starts happening, like, yeah, this is the world rending 0:18:14.400 --> 0:18:18.520 economic crisis levels of stuff. Well, we'll see if he 0:18:18.600 --> 0:18:20.960 moves on it, he may simply forget about it, or 0:18:21.040 --> 0:18:23.800 we're going to wake up one day and like the 0:18:23.960 --> 0:18:26.840 US's credit's going to be downgraded to like junk bond 0:18:26.880 --> 0:18:30.840 status and everything's going to be chaos. So, speaking of 0:18:31.320 --> 0:18:34.719 Trump trying to sort of like take shots at pillars 0:18:34.720 --> 0:18:38.199 of the global economy, starting in March, he's trying to 0:18:38.240 --> 0:18:41.359 implement a twenty five percent tariff on all imported steel 0:18:41.400 --> 0:18:44.160 and aluminum. Most of that's actually from Canada and Mexico. 0:18:44.560 --> 0:18:46.919 I think in their minds is the thing about Chinese steel, 0:18:47.200 --> 0:18:52.320 but it's mostly from Canada and Mexico. This is also 0:18:52.640 --> 0:18:55.520 a fucking shit show because the US manufacturing capacity that 0:18:55.560 --> 0:18:56.920 we still have and we still actually do have a 0:18:56.960 --> 0:19:00.640 decent amount of like a very high tech manufacturing right 0:19:01.240 --> 0:19:04.040 relies on this stuff, and this is going to make 0:19:04.080 --> 0:19:07.639 it more expensive, gets bad. It will do nothing to 0:19:07.720 --> 0:19:10.840 deal with the fact that US doesn't produce steel anymore, 0:19:10.880 --> 0:19:13.520 which is the product of that. One day I'll do 0:19:13.560 --> 0:19:16.560 my structural Chinese steel over capacity episode. But you know, 0:19:16.600 --> 0:19:19.400 it's it's the product of like half a century of 0:19:19.560 --> 0:19:23.040 the global manufacturing economy, you know, becoming zero sum, and 0:19:23.040 --> 0:19:26.119 they're simply not being a large enough consumer market for 0:19:26.320 --> 0:19:29.600 all of industrial goods, which means the production becomes increasingly 0:19:30.600 --> 0:19:33.040 you know, it becomes impossible to expand production to one 0:19:33.040 --> 0:19:35.080 place without you know, getting ready production another place. In 0:19:35.119 --> 0:19:36.479 Trump things you can solve those with tariffs. 0:19:36.560 --> 0:19:37.000 You can't. 0:19:37.040 --> 0:19:41.720 Mostly it's just another like throw things at the economy shit. Now, 0:19:42.119 --> 0:19:43.760 you know, Trump is sort of throwing bombs at the 0:19:43.800 --> 0:19:46.080 economic system. One of the largest ones that he's thrown 0:19:47.280 --> 0:19:52.760 is he just straight up stole eighty million dollars in 0:19:52.840 --> 0:19:55.399 FEMA funding that they had already paid out, like just 0:19:55.400 --> 0:19:57.960 straight up stole it from like a New York City 0:19:58.000 --> 0:19:59.280 bank account. They like, so I've been paid to the 0:19:59.280 --> 0:20:00.000 government in New York. 0:20:00.119 --> 0:20:01.400 Right, this happened earlier today. 0:20:01.480 --> 0:20:03.720 Right. This is yeah, literally literally this this is breaking news, 0:20:03.760 --> 0:20:05.840 breaking news on Wednesday. This is coming out Friday. This 0:20:05.880 --> 0:20:08.360 episode is being recorded on Wednesday. Everything that you hear 0:20:08.400 --> 0:20:09.920 if shit has happened in the US a few days, 0:20:10.119 --> 0:20:12.440 that's from the future. We didn't know. But yeah, yeah, 0:20:12.440 --> 0:20:16.480 he literally, like they have taken eighty million dollars just 0:20:16.600 --> 0:20:19.560 from this bank account. They just stole it. The hostitial 0:20:19.600 --> 0:20:23.480 government is just straight up robbing banks. 0:20:23.520 --> 0:20:25.840 It's okay. That came out today and said that don't 0:20:25.840 --> 0:20:28.560 worry your bank accounts are still safe everybody. 0:20:29.680 --> 0:20:33.480 Yeah, and this is like appropriated funds like for FEMA 0:20:33.560 --> 0:20:37.320 being sayly secured in banks that have like literally been 0:20:38.119 --> 0:20:39.440 funds are approved. 0:20:39.000 --> 0:20:42.080 By Congress for a specific purpose, right, Yeah, And what's 0:20:42.080 --> 0:20:44.480 actually going to happen with this, right, because you would 0:20:44.480 --> 0:20:49.000 expect a even like a normal shitty mayor of New 0:20:49.080 --> 0:20:53.680 York to like go sicker mode. However, well man, however, Comma, 0:20:53.840 --> 0:20:56.960 here's from Yahoo News quote Eric Adams said, he will 0:20:57.000 --> 0:21:00.359 not publicly criticize Trump or his administration. Instead, they'll take 0:21:00.359 --> 0:21:03.520 his concerns to Trump in private. On Monday, Adams convened 0:21:03.560 --> 0:21:05.600