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Speaker 1: Hey, guys, thanks for listening to Breaking Points with Crystal

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Speaker 1: and Sager. We're going to be totally upfront with you.

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Speaker 1: We took a big risk going independent to make this work.

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Speaker 1: of dollars doing it to help support our mission of

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Speaker 1: hour early before everyone else. You get to hear our

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Speaker 1: reactions to each other's monologues. You get to participate and

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Speaker 1: weekly ask me any things, and you don't need to

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Speaker 1: com become a Premium member today, which is available in

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Speaker 1: the show notes. Enjoy the show, guys, Good morning, everybody,

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Speaker 1: Happy Thursday. We have an amazing show for everybody today.

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Speaker 1: What do we have, Brysoul? Indeed we do, of course,

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Speaker 1: lots of breaking news on Ukraine, on Russian oil ban,

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Speaker 1: what that means for all of us, and how the

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Speaker 1: Biden administration is handling that messaging wise, how they're handing it,

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Speaker 1: handling it practically, where they're going to try to fill

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Speaker 1: the gap in terms of that loss of oil. The

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Speaker 1: very latest on gas prices, the very latest on the economy.

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Speaker 1: Some troubling numbers about just how many Americans are living

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Speaker 1: paycheck to paycheck. Now those numbers are going up. On

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Speaker 1: the other hand, we have some great news that three

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Speaker 1: more Starbucks voted to unionize, so those union drives are

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Speaker 1: now six for seven. There's about one hundred and twenty

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Speaker 1: more stores that have votes scheduled. It's unbelievable what's happening.

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Speaker 1: There some great media reaction on gas prices, some great

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Speaker 1: undercover video of New York Times reporter thing, if you

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Speaker 1: really think we need to elevate it, you like this

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Speaker 1: dude might be watching Breaking Points. I hope he's not.

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Speaker 1: He should be. If you're listening, yeah, you're welcome on

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Speaker 1: the top. We also have Anna from Redskinar podcast is

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Speaker 1: going to join us for a talk about some of

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Speaker 1: the sort of like anti Russian mania that is sweeping

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Speaker 1: across the country. But t Saguri wanted to start with

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Speaker 1: the very latest from the ground in Ukraine. That's right,

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Speaker 1: you guys know, we want to start first with the map.

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Speaker 1: Let's go and put this up there on the screen.

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Speaker 1: We rely on simtak here the same mapping service that

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Speaker 1: we've continued to use, which is that Russian forces continue

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Speaker 1: to gain some terrain in their advances towards Kiev. You

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Speaker 1: can see that in the far left side of the map.

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Speaker 1: They claim to have caused significant losses by Ukraine further

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Speaker 1: Russian offensive. We'll get to some of what those losses

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Speaker 1: actually could look like. On the eastern side, Russian troops

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Speaker 1: managed to seize the northern portion of a city of Uzium,

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Speaker 1: while a separate offensive in the same sector is aimed

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Speaker 1: to circumvent Kharkiv but was halted by the Ukrainian defenses.

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Speaker 1: And then finally, additional Russian forces have been observed moving

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Speaker 1: from Meltapoul to support the active combat operations in the

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Speaker 1: Vignetsk region. So not a significant amount has changed on

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Speaker 1: the ground in the last couple of days. Really, what

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Speaker 1: it is the main top line story is just how

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Speaker 1: much the Russians have faced both a defensive and now

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Speaker 1: we're going to have to move into the next phase

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Speaker 1: of the campaign. So there's an estimation currently that they've

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Speaker 1: now deployed one hundred percent of the combat power that

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Speaker 1: they have amassed on the Ukrainian border. Now remember not

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Speaker 1: one hundred percent of the combat power that they attain,

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Speaker 1: or that they have one hundred percent of the combat

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Speaker 1: power that they had originally portioned to the operation. That

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Speaker 1: does not mean that they don't have a ton more

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Speaker 1: in reserves. They have a very large standing army. Just

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Speaker 1: remember that in terms of what the future looks like,

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Speaker 1: the most troubling one and this is another thing that

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Speaker 1: the Russians continue to do. Let's put this up there

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Speaker 1: on the screen. There was a major warning that the

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Speaker 1: Russians were attacking or removing some critical infrastructure of the

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Speaker 1: Chernobyl Nuclear power plant. Now what exactly happened here is

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Speaker 1: very unclear. What they claimed is that the high voltage

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Speaker 1: line was disconnected from the Chernobyl Nuclear power plant due

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Speaker 1: to damage caused by the occupiers. Now keep keep in

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Speaker 1: mind this is all from the State Service of Special

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Speaker 1: Communications of Ukraine, so they have an interest in promoting

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Speaker 1: the most you know, the most dire situation. They said

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Speaker 1: they could have a partial meltdown as a result of this,

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Speaker 1: that their fire extinguishing system was not working. Obviously, people

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Speaker 1: were very concerned about that, however, and you were telling me,

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Speaker 1: and I went ahead and found this. The IAEA, the

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Speaker 1: International Atomic Energy Association or agency, they said that they

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Speaker 1: are not They said, quote they see no critical impact

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Speaker 1: on safety. So this is the second now power plant

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Speaker 1: that has come under attack by Russian forces. It's also

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Speaker 1: in clear crystal. And the original report we had that

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Speaker 1: they were attacking the nuclear power plant directly, it seems

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Speaker 1: they were attacking the area around the power plant. I'm

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Speaker 1: just going to go ahead and say, like, don't attack

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Speaker 1: nuclear power plants, old stands taking yeah, bold stance. Really,

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Speaker 1: what it is, though, is it shows you the strategic

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Speaker 1: power of nuclear which is that Ukraine receives a significant

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Speaker 1: amount of its power from these nuclear actors. Hence captured

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Speaker 1: by Russian forces gives them the ability to deny energy

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Speaker 1: to their populace and also they can use it as

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Speaker 1: a chit in future bargaining and especially whenever you occupy

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Speaker 1: the country. The use and the need to have power

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Speaker 1: over the actual power plants themselves is going to be

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Speaker 1: a significant thing that they have to make sure that

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Speaker 1: they have control over to try and get the populace

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Speaker 1: to bend to their will. So that's like the main thing. Yeah,

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Speaker 1: So the Ukrainians have an interest in sort of freaking

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Speaker 1: everybody around the planet about a potential nuclear meltdown. And

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Speaker 1: so you saw, you know, look, it's understandable when you

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Speaker 1: have fighting going on close to Chernobyl, close to that

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Speaker 1: other very large nuclear power plant that a significant proportion

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Speaker 1: of the Ukrainian of Ukrainian energy comes from. And we

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Speaker 1: looked at the numbers, it's like a majority of Ukrainian

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Speaker 1: energy actually comes from nuclear. So the Ukrainians want to

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Speaker 1: sell this as like this is a massive risk in

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Speaker 1: terms of nuclear meltdown. What's probably really going on is

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Speaker 1: what you said, which is that the Russians want to

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Speaker 1: seize these critical points of infrastructure so that they have

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Speaker 1: more control over what's going on for the population of Ukraine.

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Speaker 1: With regards to Chernobyl, I did a little bit of

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Speaker 1: digging on the specifics here. So what the Ukrainians were

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Speaker 1: saying is you have these spent fuel rods that are

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Speaker 1: in like a pond covered with water, and that water

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Speaker 1: needs to be cooled in order to keep the rods

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Speaker 1: cooled so you don't start another sort of nuclear chain

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Speaker 1: reaction that results in the kind of meltdown that nobody

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Speaker 1: wants and release of massive amounts of radiation. Their position

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Speaker 1: was sort of like, we have to have that water

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Speaker 1: cooled or else this is going to be a problem.

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Speaker 1: What the IAEA said is, listen, these are spent fuel

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Speaker 1: rods from like twenty years ago, so they've been cooling

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Speaker 1: for a long time. As long as water is still

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Speaker 1: covering them in the short term, you're going to be fine. Now.

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Speaker 1: Is it a great situation to have Chernobyl with no electricity?

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Speaker 1: Of course not, because another issue is if something does

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Speaker 1: go wrong, they have no ability to deal with it.

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Speaker 1: They have no ability even to communicate to sort of

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Speaker 1: sound the alarms and remedy whatever the issue is. So

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Speaker 1: you have this bizarre situation right now, both at Chernobyl

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Speaker 1: and also at that other large nuclear plant, the name

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Speaker 1: of which I'm forgetting in a sort of complex and

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Speaker 1: I couldn't really pronounce it anyway, Yes, where the Russians

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Speaker 1: have seized these areas and they are you know, in control,

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Speaker 1: but you still have the Ukrainians whose job it is

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Speaker 1: to maintain this who were actually doing the work to

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Speaker 1: you know, keep things safe. So this was obviously anytime

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Speaker 1: these nuclear power plants are in anywhere near the fighting,

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Speaker 1: it's a very nerve wracking situation. People are rightly, very concerned.

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Speaker 1: But at least according to the IAEA, there is no

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Speaker 1: imminent danger from Chernobyl that we know of. Right and

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Speaker 1: then actually just this morning we have some bad news

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Speaker 1: but not unexpected, which is that the latest round of

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Speaker 1: talks between the Russians and the Ukrainians appear to have

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Speaker 1: broken down. They failed to make any progress towards ending

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Speaker 1: the war in terms of the actual demands. We brought

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Speaker 1: you the last time that Dmitri Peskov had said that

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Speaker 1: there were three separate Dmitry Peskov is a Kremlin spokesperson.

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Speaker 1: There are three separate demands of the Ukrainians. Number one,

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Speaker 1: they have to recognize Crimea and the Eastern separatist republics.

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Speaker 1: Number two, they have to guarantee in their constitution that

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Speaker 1: they will not join any block aka the European Union

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Speaker 1: in NATO. But three, and this is where things get

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Speaker 1: murky around quote unquote demilitarization. Are they going to give

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Speaker 1: up their arms, and also the political leadership of Ukraine

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Speaker 1: itself with they settle for Zelensky remaining some sort of

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Speaker 1: puppet prime minister and then or president, and then they

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Speaker 1: get to appoint a Russian prime minister. So obviously those

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Speaker 1: last two things I noted are the total non starter

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Speaker 1: as to why I expect this to go into a

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Speaker 1: hot and burning civil war for a very very long period,

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Speaker 1: or not a civil war eight war for a significant

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Speaker 1: long period, including an insurgency. But let's get to this

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Speaker 1: next one, and this requires a lot of parsing, and

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Speaker 1: it's actually very very dangerous, So let's put this up

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Speaker 1: there on the screen. Late last night, the Press Secretary

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Speaker 1: issued this statement quote, we should all be on the

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Speaker 1: lookout for Russia to possibly use chemical or biological weapons

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Speaker 1: in Ukraine or to create a false flag operation using them.

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Speaker 1: This is a significant statement because, if you guys are

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Speaker 1: not familiar, what happened over the last couple of days

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Speaker 1: is that Victoria Newland, who was a US State Department official,

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Speaker 1: was testifying before the Senate Intelligence Committee and was asked

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Speaker 1: by Senator Marco Rubio, well, you know, Russia and China

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Speaker 1: have accused the United States of having these bioweapons facilities

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Speaker 1: inside of Ukraine, and she said, and I think that

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Speaker 1: this is important that they were biological research facilities using

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Speaker 1: the term research, not weapons, but that there was a

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Speaker 1: concern that the Russians would take them over. Now this

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Speaker 1: has caused all sorts of consternation online. I think the

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Speaker 1: takeaway on this is that it's a dangerous situation when

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Speaker 1: both the Russians and the Chinese and now the West

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Speaker 1: are accusing each other of deploying chemical or biological weapons

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Speaker 1: in Ukraine. That could be the pretext and the justification

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Speaker 1: on the Russian side if they do so, as the

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Speaker 1: West is claiming, in order to have a significant more

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Speaker 1: military response, and vice versa. Right if there is a

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Speaker 1: use of chemical or biological warfare by the Russians, then

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Speaker 1: the West could then claim an escalation on their part,

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Speaker 1: as we did obviously in the eat side regime. That's

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Speaker 1: a violation of the Geneva Conventions, the Chemical weapons Convention

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Speaker 1: and all of that. So we have to watch this

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Speaker 1: very closely, Crystal. There's a lot of propaganda going out there.

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Speaker 1: What exactly the facts are is extraordinarily unclear as to

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Speaker 1: whether these research facilities are even affiliated with the West.

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Speaker 1: I mean, research does not necessarily mean bioweapons. But of course,

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Speaker 1: given Wuhan and all of that, we have to be

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Speaker 1: very weary of what happens within these So I'm pretty

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Speaker 1: concerned about this. Yeah, this is one to just sort

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Speaker 1: of put a pin in and keep an eye on,

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Speaker 1: because it's very hard to sort of sort through the

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Speaker 1: layers of propaganda and what's actually going on here. I mean,

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Speaker 1: with that thing with Victoria Nulan, it seemed like Rubio

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Speaker 1: was expecting her. He was trying to swat away some

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Speaker 1: of the Russian propaganda about WMD's and the sort of stuff,

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Speaker 1: and so he was expecting this just blanket like, no,

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Speaker 1: of course not. And so when she gave a different

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Speaker 1: answer and was like, well it seems sort of uncomfortable,

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Speaker 1: this created a whole you know, fracas online, and then

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Speaker 1: you have Jensaki coming out and basically saying listen, of

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Speaker 1: course we're in accordance with law and no, there's no

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Speaker 1: you know, biological weapons. And on the other hand, we

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Speaker 1: are worried that this propaganda's out there, that they may

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Speaker 1: use it to create a false flag operation. And you know,

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Speaker 1: I listen on the higher level point about Russia's sort

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Speaker 1: of using this pretext of ownds and sort of throwing

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Speaker 1: our Iraq language back at us in our face. Just remember,

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Speaker 1: if we were observing, you know, the march up to

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Speaker 1: the Iraq War and we saw these allegations of some

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Speaker 1: you know, BioResearch lab like that, still obviously wouldn't justify

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Speaker 1: an invasion of a rock no, even in the worst case.

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Speaker 1: And this would not justify an invasion of Ukraine. So

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Speaker 1: just this is one to be really careful with, to

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Speaker 1: keep an eye on, because it is kind of a dangerous,

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Speaker 1: dangerous potential situation, especially as Russia, you know, the war

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Speaker 1: is in this really weird phase where Russia is not

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Speaker 1: making a lot of gains. Meanwhile, civilians are really suffering

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Speaker 1: in these cities, many of which have been cut off

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Speaker 1: from any sort of heat, electricity, food, you know, they're

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Speaker 1: running out of medicine, they're having to hide in underground.

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Speaker 1: It's it really is a terrible situation for the civilians,

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Speaker 1: and every day that goes by it becomes more difficult,

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Speaker 1: more painful for the civilians on the ground. And yet

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Speaker 1: Russia isn't really making that much progress. So you have

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Speaker 1: this very sort of strange grim dynamic right now, that's

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Speaker 1: playing out, and I guess what we're all waiting for

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Speaker 1: is like, what's the next big shoe to drop? What

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Speaker 1: shakes this out of its current more or less stasis. Yeah,

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Speaker 1: let's give everybody an idea of the stasis. Put this

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Speaker 1: up there on the screen. Also, keep in mind this

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Speaker 1: is coming from US intelligence, So take that with what

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Speaker 1: you will. That being said on the Russia conflict, you

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Speaker 1: know they've generally gotten a better than not. So here's

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Speaker 1: what they say. The US estimates the Russian military assets

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Speaker 1: lost in operable range as high as eight to ten percent,

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Speaker 1: close to double the estimate last week. As the US

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Speaker 1: has gathered more information, the US estimates of the Ukrainian

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Speaker 1: military has lost a similar percentage of its forces. Three

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Speaker 1: estimates mostly account for the losses of military equipment, aircraft, tanks, APCs,

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Speaker 1: and trucks since they're easier to verify. The US estimates

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Speaker 1: that Russia has lost somewhere between two thousand and four

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Speaker 1: thousand service members, though this assessment comes with low confidence,

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Speaker 1: so once again, nobody knows how many people the Russians

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Speaker 1: have lost except the Russians. Here's what we know. At

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Speaker 1: least five hundred are dead. Those are the ones that

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Speaker 1: they've admitted to. It's probably on the higher end. Two

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Speaker 1: to four thousand does seem very high. Four thousand something

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Speaker 1: is about the entirety of US losses in Iraq throughout

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Speaker 1: the entire war. So to put that in perspective, it's

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Speaker 1: even if it's not two thousand, that's a lot of

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Speaker 1: people to die in two weeks on the Russian side.

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Speaker 1: In terms of losses on the Ukrainian they don't say.

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Speaker 1: I would say it's probably one to one. Maybe, you know,

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Speaker 1: could he possibly be even higher, Although the Ukrainians themselves

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Speaker 1: not that we can rely on their data on the battlefield,

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Speaker 1: here's what they say. Russian forces have advanced more quickly

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Speaker 1: in the south, less so in the east. In the north,

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Speaker 1: though they continue to surround cities in the north and

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Speaker 1: the east. The US believes that Russian forces are still

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Speaker 1: several days from being able to surround Kiev, and afterwards

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Speaker 1: we're face a protected battle to control the city center.

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Speaker 1: That is the view from the Pentagon. You take it

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Speaker 1: from what you will, but I do think it is

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Speaker 1: somewhat useful information. Obviously, the Russians say that it's going

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Speaker 1: swimmingly that they're not particularly concerned about exactly what's happening

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Speaker 1: whenever it comes to the ground. One update for everybody,

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Speaker 1: which is actually a very good update, let's put this

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Speaker 1: up there on the screen, which is that after this

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Speaker 1: convoluted Kokamane scheme, which I will discuss more in my monologue,

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Speaker 1: where the US was tried to deliver fighter jets to

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Speaker 1: the Ukrainians by basically strong arming the Poles and the

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Speaker 1: Romanians saying hey, you need to give them over. The

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Speaker 1: Poles and the Romanians were like, no, we're not doing that.

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Speaker 1: Then the Poles came up with a great idea. They

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Speaker 1: were like, Okay, we'll take the jets and we'll send

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Speaker 1: them to you to Ramstein Air Force Base, and then

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Speaker 1: if you want, you can send them over to the Ukrainians.

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Speaker 1: And the Pentagon was like, whoa, hey, YOA hold on

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Speaker 1: a second. They're like, we're not doing any of that.

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Speaker 1: So as of right now, the fighter jet thing is

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Speaker 1: not happening. I personally think that's a good thing anytime,

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Speaker 1: you know, NATO. The Pentagon pointed out, They're like, it's

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Speaker 1: just a bit too much to send a plane directly

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Speaker 1: from a US Air Force base in a NATO base

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Speaker 1: into hot airspace, delivered for the purposes of war. Right.

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Speaker 1: I can't tell you why that's different than an anti

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Speaker 1: tank missile, but it just kind of is. And it's

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Speaker 1: one of those things where the significance for escalation, and

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Speaker 1: more especially if it would require a US pilot to

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Speaker 1: fly it over there, what's a whole other Well, that's

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Speaker 1: that's the key piece. It's like, all right there in Germany,

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Speaker 1: who's gonna get over different? Right? And so I think

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Speaker 1: that's where that's where the you know, the polls were like,

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Speaker 1: we're not we're not doing that because we'll leave us

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Speaker 1: out of this. And then when it got that hot

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Speaker 1: potato got like sort of put in our quarterer. The

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Speaker 1: Pentagon also was like, nah, this is not a good idea.

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Speaker 1: So good that's thank god. Definitely one stupid scheme from

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Speaker 1: the start, one decent decision, you know, Is it totally

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Speaker 1: off the table and they're going to give up on this? No,

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Speaker 1: I don't think so. But but yeah, I saw Tom

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Speaker 1: Cotton tweeting like that this was a terrible decision. Of

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Speaker 1: course we should give them fighter jets and how is

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Speaker 1: this more escalatory than the anti tank and anti aircraft

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Speaker 1: missiles that we've already given and it's like, well, somehow

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Speaker 1: it is different, number one, because you have to figure

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Speaker 1: out what pilots are going to actually deliver these jets.

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Speaker 1: And also, you know, you raise a good point that

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Speaker 1: maybe we have already escalated too much with the amount

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Speaker 1: of weapons that we've floated over a very short period

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Speaker 1: of time, massively sort of indiscriminately arming the Ukrainians, given

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Speaker 1: the way that has played out for US in past history.

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Speaker 1: That's right. And then finally, on the diplomatic front, as

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Speaker 1: we said, the talks have broken down, but there is

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Speaker 1: an opening on the Ukrainian side. Let's put this up there,

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Speaker 1: which is that President Zelenski has said he is quote

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Speaker 1: open to compromise on the status of the two breakaway

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Speaker 1: Russian territories. Furthermore, he said that Zelenski would no longer

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Speaker 1: be pressing for NATO membership for Ukraine, basically being like, look,

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Speaker 1: we know that they don't want us in there, so

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Speaker 1: at least on two of these things he hasn't said yet.

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Speaker 1: On Crimea, he said he's open to compromise whenever it

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Speaker 1: comes to the Eastern republics. But I just think that

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Speaker 1: The problem, Crystal is, even if you give up Crimea,

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Speaker 1: the Eastern separatist republics in NATO, if they still demand

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Speaker 1: demilitarization and lack of sovereignty, how can you take that

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Speaker 1: deal because they've already invaded your country. You know, it's like,

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Speaker 1: this is why I just see that both sides, the

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Speaker 1: situation is totally untenable and somebody has got a win.

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Speaker 1: And I don't say that glibly, but winning means a

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Speaker 1: tremendous loss of life. Like we're really not prepared, I think,

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Speaker 1: for what's coming. Given the state of the Russian advance.

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Speaker 1: It's been two weeks. Things are not going as planned.

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Speaker 1: They need to ramp things up. Will they use a

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Speaker 1: false lag attack or not. We'll see, you know, obviously

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Speaker 1: there's a lot of information, but regardless, they need some

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Speaker 1: justification to ramp up the use of force. And already

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Speaker 1: we're seeing the terrible signs of this. It feels like

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Speaker 1: Syria all over again. Everybody's seen the family, you know,

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Speaker 1: the photo of the family linked dead in the streets.

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Speaker 1: The ladies, you know, chief accountant or whatever for some

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Speaker 1: Silicon Valley firm, her young daughter, eighteen year old son,

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Speaker 1: you know, dead being attended to literally just on the

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Speaker 1: side of the road. And these are mom kids. This

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Speaker 1: is going to repeat itself over and over and over

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Speaker 1: and over again until we can possibly find some solution

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Speaker 1: to this conflict. So dark days ahead, unfortunately, Yeah, I

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Speaker 1: mean today, what it feels like we're heading for is

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Speaker 1: years of long, intractable, grinding conflict. I don't see it

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Speaker 1: in the way. And you know, I mean Zelenski, I

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Speaker 1: think all from before the invasion even started was willing

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Speaker 1: to offer actual, real concession, not paper concessions, like real,

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Speaker 1: actual concessions to try to respond to the Russian demands here.

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Speaker 1: And you know, it would seem like saying, hey, yeah,

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Speaker 1: we won't join a block, we won't join NATO, and

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Speaker 1: we'll compromise on those two breakaway regions. We're willing to

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Speaker 1: talk about it. That should, if you had anything approaching

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Speaker 1: a good faith actor on the other side, open the

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Speaker 1: door to real negotiations and a potential negotiated settlement, which

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Speaker 1: is what we should all be cheering for here, because

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Speaker 1: otherwise you are going to just have continued loss of life,

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Speaker 1: long grinding, intractable conflict. But it doesn't seem like, you know,

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Speaker 1: even meeting those demands is close enough for what the

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Speaker 1: Russians want here, what Putin specifically wants. So it's a

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Speaker 1: sad situation. And at the same time, let's go ahead

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Speaker 1: and transition to this next piece. It's a not as

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Speaker 1: bad situation in Russia, but you know, their people are

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Speaker 1: gonna suffer with the consequences of this as well. I

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Speaker 1: am reflecting in my monologue about how quickly things have

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Speaker 1: escalated and how things that were like completely off the

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Speaker 1: table just a couple weeks ago are now being rushed

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Speaker 1: through with little thought, little debate, little reflection. So in particular,

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Speaker 1: you know, at the beginning of this, we were all

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Speaker 1: thinking that swift sanctions was as far as this would

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Speaker 1: possibly that was the furthest extreme of what was being contemplated,

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Speaker 1: and we just like this rushed right past that. Oh

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Speaker 1: by the way, we're also going to sanction your central bank,

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Speaker 1: you know, Oh, by the way, we're also going to

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Speaker 1: ban Russian oil. And then you have all of these

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Speaker 1: Western companies sort of looking at the writing on the wall.

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Speaker 1: This is not out of the goodness of their hearts,

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Speaker 1: but they're under pressure and they see the writing on

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Speaker 1: the wall. They're all exiting Russia. And the latest is

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Speaker 1: you have you know, the Russians making really clear, the

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Speaker 1: Russian government making really clear that they consider this to

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Speaker 1: be all out economic war. Let's go ahead and put

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Speaker 1: that tear sheet up on the screen. This is actually

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Speaker 1: from these comments about economic banditry, or from a couple

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Speaker 1: of days ago. The most recent is the Krumlin spokes

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Speaker 1: versu Dmitri Peskov said the West was engaged in had

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Speaker 1: declared an economic war on Russia, and they are waging

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Speaker 1: this war. He said, you see the bacchanalia, the hostile bacchanalia.

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Speaker 1: Is that how you say that? I think the West

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Speaker 1: has sowed? Wow, they really have a flourish for the

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Speaker 1: dramatic they do. I mean, you know, there's a deep

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Speaker 1: there's a very rich cultural tradition in Russia that no

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Speaker 1: one could possibly deny. But so they definitely while we've

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Speaker 1: done this from our population standpoint, kind of casually, with

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Speaker 1: little debate, you know, and a lot of just everybody

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Speaker 1: pushing out, what can we do more? How can we

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Speaker 1: do more? These sanctions are effectively the sort of global

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Speaker 1: financial death penalty and really do make Russia a total

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Speaker 1: parize state. The impact is already being felt very much

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Speaker 1: by the Russian public. These are completely indiscriminate weapons, and

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Speaker 1: they will impact every single ordinary Russian citizen, even the

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Speaker 1: ones who are anti war, and you know, all of

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Speaker 1: the ones who have nothing to do with any of

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Speaker 1: this conflict. Let's go ahead and put this next piece

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Speaker 1: up on the screen, which shows just the complete exits

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Speaker 1: exodus of Western companies from Russia. I mean everybody from

428
00:23:00,200 --> 00:23:05,480
Speaker 1: McDonald's to Starbucks, Coke, Pepsi, they are all leaving the country,

429
00:23:05,520 --> 00:23:09,320
Speaker 1: General Electric as well. This article notes that some of

430
00:23:09,320 --> 00:23:12,800
Speaker 1: those companies have really long histories operating in Russia. They

431
00:23:12,800 --> 00:23:15,720
Speaker 1: point out that Pepsi co entered the Russian market in

432
00:23:15,760 --> 00:23:18,200
Speaker 1: the early sixties at the height of the Cold War

433
00:23:18,240 --> 00:23:20,119
Speaker 1: and helped to create common ground between the US and

434
00:23:20,119 --> 00:23:23,000
Speaker 1: Soviet Union. I didn't know that this part. I did know.

435
00:23:23,480 --> 00:23:27,679
Speaker 1: McDonald's famously one of the first US fast food companies

436
00:23:27,720 --> 00:23:31,040
Speaker 1: to open a store in Russia. On January thirty one,

437
00:23:31,160 --> 00:23:35,520
Speaker 1: nineteen ninety, thousands of Russians lined up to try hamburger

438
00:23:36,000 --> 00:23:38,439
Speaker 1: at the first McDonald's in Moscow. By the end of

439
00:23:38,480 --> 00:23:41,240
Speaker 1: the day, thirty thousand meals had been wrung up. On

440
00:23:41,320 --> 00:23:44,719
Speaker 1: twenty seven cash registers that was an opening day record

441
00:23:44,760 --> 00:23:47,720
Speaker 1: for the company and kind of you know, seminole moment

442
00:23:48,280 --> 00:23:52,800
Speaker 1: in the opening up of Russia. That was a huge moment.

443
00:23:52,800 --> 00:23:55,480
Speaker 1: I went back and watched the TV news clips yeah,

444
00:23:55,600 --> 00:23:57,320
Speaker 1: of them being interviewed, and people were like, I don't

445
00:23:57,320 --> 00:24:00,320
Speaker 1: know what I just ate, but it was good direct

446
00:24:00,359 --> 00:24:02,879
Speaker 1: quote from some old guy who lived through the entire

447
00:24:03,160 --> 00:24:06,439
Speaker 1: Soviet Union. Yeah. I mean these cultural ties. This is

448
00:24:06,440 --> 00:24:08,760
Speaker 1: what the real soft power of the United States is,

449
00:24:09,040 --> 00:24:11,119
Speaker 1: you know, which is both a dark thing but also

450
00:24:11,400 --> 00:24:16,440
Speaker 1: empirically true. Like McDonald's, Starbucks, coke, pepsi, subway. These things

451
00:24:16,520 --> 00:24:18,840
Speaker 1: are places you can't go anywhere in the world without

452
00:24:18,840 --> 00:24:21,520
Speaker 1: seeing them. This is a power projection. I also just

453
00:24:21,520 --> 00:24:23,600
Speaker 1: want to remind people of this, which is that it

454
00:24:23,680 --> 00:24:25,840
Speaker 1: is not out of the goodness of these companies' hearts.

455
00:24:26,080 --> 00:24:29,320
Speaker 1: As we have said before, the sanctions make it so

456
00:24:29,400 --> 00:24:31,800
Speaker 1: that about eighty five to ninety percent of this it's

457
00:24:31,840 --> 00:24:35,800
Speaker 1: happening anyway, especially whenever they have to do legal components.

458
00:24:35,840 --> 00:24:38,800
Speaker 1: If you can't wire your money back, there's no point

459
00:24:38,960 --> 00:24:42,040
Speaker 1: except to stop doing business. They're not doing it out

460
00:24:42,080 --> 00:24:44,239
Speaker 1: of the goodness of their hearts. Here's what happened. They

461
00:24:44,240 --> 00:24:46,040
Speaker 1: asked their lawyers. Is there any way that we can

462
00:24:46,040 --> 00:24:48,040
Speaker 1: get around this? And the lawyers were like no. So

463
00:24:48,080 --> 00:24:50,359
Speaker 1: they're like, okay, I'll go ahead and just issue a

464
00:24:50,359 --> 00:24:53,120
Speaker 1: PR statement and be like in solidarity with Ukraine, we're

465
00:24:53,119 --> 00:24:55,560
Speaker 1: pulling out. No, no no, no, no no, it's this is all

466
00:24:55,880 --> 00:24:59,000
Speaker 1: based on policy. So at the same time, though this

467
00:24:59,080 --> 00:25:01,840
Speaker 1: is a significant pull out. I mean McDonald's had eight

468
00:25:01,920 --> 00:25:04,320
Speaker 1: hundred and fifty stores in the country. I mean, think

469
00:25:04,359 --> 00:25:07,280
Speaker 1: about coke and you can go to the poorest village

470
00:25:07,320 --> 00:25:10,000
Speaker 1: in Thailand as I have, and you can still drink

471
00:25:10,080 --> 00:25:13,199
Speaker 1: a pepsi or a coke, and that's now something you

472
00:25:13,240 --> 00:25:16,440
Speaker 1: cannot get inside of Russia. This is straight up back

473
00:25:16,480 --> 00:25:19,080
Speaker 1: to the you know, the days where they were begging

474
00:25:19,119 --> 00:25:22,199
Speaker 1: people for blue jeans to come into the country. In

475
00:25:22,280 --> 00:25:24,960
Speaker 1: terms of what it looks like, I'm their experience. I

476
00:25:25,000 --> 00:25:27,879
Speaker 1: read a couple interesting reports from the ground. One was

477
00:25:27,920 --> 00:25:32,960
Speaker 1: that before everything closed, they were, you know, Russians were

478
00:25:33,000 --> 00:25:36,359
Speaker 1: like lining up at the Ikea other places to try

479
00:25:36,400 --> 00:25:38,639
Speaker 1: to like, you know, this is like my last chance

480
00:25:38,680 --> 00:25:41,120
Speaker 1: to get that whatever weirdly named table that I want

481
00:25:41,119 --> 00:25:45,159
Speaker 1: to what scars guard exactly. You know, there's a real

482
00:25:45,240 --> 00:25:49,040
Speaker 1: run on these stores. I heard an interview of someone

483
00:25:49,080 --> 00:25:52,440
Speaker 1: who was having a coffee at a Starbucks who was

484
00:25:52,560 --> 00:25:55,960
Speaker 1: very anti war and was, you know, saying like there

485
00:25:56,000 --> 00:25:58,399
Speaker 1: was no justification for this, and this is going to

486
00:25:58,440 --> 00:26:01,000
Speaker 1: be you know, the Ukrainians are suffering so much, and

487
00:26:01,040 --> 00:26:02,800
Speaker 1: this is also going to be bad for us, although

488
00:26:02,840 --> 00:26:05,359
Speaker 1: our sort of suffering pales in comparison obviously to what

489
00:26:05,400 --> 00:26:09,719
Speaker 1: they're going through. So I also saw a report that

490
00:26:09,760 --> 00:26:15,000
Speaker 1: they're considering nationalizing the assets of these companies that leave,

491
00:26:15,480 --> 00:26:18,640
Speaker 1: which is a real like you know, all right, get

492
00:26:18,640 --> 00:26:20,760
Speaker 1: out and stay out. Well that's soila move, That's what

493
00:26:20,760 --> 00:26:23,119
Speaker 1: they did in Venezuela. It would make sense. Actually, yeah,

494
00:26:23,000 --> 00:26:26,320
Speaker 1: we cope with sanctions. Yeah, So that'll be interesting to see.

495
00:26:26,320 --> 00:26:28,719
Speaker 1: And then I think there's something that I'm starting to

496
00:26:29,240 --> 00:26:33,040
Speaker 1: sort of reflect on, which is the whole idea of

497
00:26:33,119 --> 00:26:35,040
Speaker 1: how we won the Cold War was really through this

498
00:26:35,119 --> 00:26:38,280
Speaker 1: projection of soft power and like, you know, the promise

499
00:26:38,320 --> 00:26:42,160
Speaker 1: of blue jeans and Coca Cola. And it's possible that

500
00:26:42,359 --> 00:26:44,880
Speaker 1: after you know, a number of decades with blue jean

501
00:26:44,920 --> 00:26:47,760
Speaker 1: and Coca Cola, the consumerism is a little bit it's

502
00:26:47,760 --> 00:26:50,000
Speaker 1: a little bit hollow, you know, and we didn't Also,

503
00:26:50,800 --> 00:26:54,040
Speaker 1: we did the shock doctrine. Economically, we you know, helped

504
00:26:54,040 --> 00:26:57,359
Speaker 1: to create this system of rapacious oligarchs. We didn't focus

505
00:26:57,400 --> 00:27:00,560
Speaker 1: on helping to build real democratic institutions. Of course our country,

506
00:27:00,760 --> 00:27:04,119
Speaker 1: you know, it's pretty shaky on that ground anyway. But

507
00:27:04,480 --> 00:27:07,800
Speaker 1: it's it'll be interesting to see what the reaction in

508
00:27:07,840 --> 00:27:11,239
Speaker 1: the backlash is domestically in Russia to the flight of

509
00:27:11,280 --> 00:27:14,080
Speaker 1: all of these Western brands in such a short period

510
00:27:14,080 --> 00:27:16,480
Speaker 1: of time. I mean a total transformation of the urban

511
00:27:16,560 --> 00:27:18,520
Speaker 1: landscape and of their lives. I mean, this is the

512
00:27:18,600 --> 00:27:20,720
Speaker 1: last iPhone they're ever going to have. They don't even

513
00:27:20,720 --> 00:27:22,920
Speaker 1: have phones, like, they don't have phone companies in order

514
00:27:22,960 --> 00:27:24,320
Speaker 1: to do I don't know what they're going to do

515
00:27:24,400 --> 00:27:26,760
Speaker 1: guest Nokia, maybe if they also to do business with them.

516
00:27:26,800 --> 00:27:29,840
Speaker 1: But that's about it. The most significant one in the

517
00:27:29,840 --> 00:27:31,560
Speaker 1: near term, let's put this up there on the screen,

518
00:27:31,840 --> 00:27:35,600
Speaker 1: which is that Russia could default as soon as next month.

519
00:27:35,960 --> 00:27:37,760
Speaker 1: This is per Morgan Stanley, but a lot of the

520
00:27:37,800 --> 00:27:41,119
Speaker 1: other big banks concur the analysts are comparing it to

521
00:27:41,320 --> 00:27:46,040
Speaker 1: Venezuela in terms of its default on foreign debts soon. Obviously,

522
00:27:46,160 --> 00:27:48,800
Speaker 1: that could also have a pretty big impact both on

523
00:27:48,840 --> 00:27:52,760
Speaker 1: the Russian but on the broader global financial system, because,

524
00:27:52,840 --> 00:27:54,920
Speaker 1: as we were explaining in the beginning in this crisis,

525
00:27:55,119 --> 00:27:58,200
Speaker 1: a lot of people were holding Russian bonds and Russian

526
00:27:58,240 --> 00:28:01,520
Speaker 1: debt and we're using that as collateral for other loans.

527
00:28:01,800 --> 00:28:06,000
Speaker 1: And then the moment that the sanctions hit, those bonds

528
00:28:06,080 --> 00:28:09,080
Speaker 1: all went to zero on the balance sheets of the banks,

529
00:28:09,320 --> 00:28:13,159
Speaker 1: which required them to margin call all of these billionaires, Like,

530
00:28:13,240 --> 00:28:17,760
Speaker 1: do not underestimate how much of the sketchy Swiss, German,

531
00:28:17,960 --> 00:28:23,480
Speaker 1: and you know, Cypriotic financial system is based upon shady

532
00:28:23,640 --> 00:28:27,160
Speaker 1: Russian money and also amongst billionaires and other rich people

533
00:28:27,160 --> 00:28:30,639
Speaker 1: in those countries leveraging Russian debt and other things in

534
00:28:30,760 --> 00:28:33,480
Speaker 1: order to take out loans. This could have a cascading

535
00:28:33,520 --> 00:28:37,400
Speaker 1: effect throughout the financial system, and also obviously it will

536
00:28:37,480 --> 00:28:40,720
Speaker 1: zero out a huge amount of wealth inside of Russia itself.

537
00:28:40,760 --> 00:28:44,080
Speaker 1: So I look beyond McDonald's and Coca Cola, and I

538
00:28:44,160 --> 00:28:46,520
Speaker 1: just think about you can't use your visa, you can't

539
00:28:46,600 --> 00:28:48,800
Speaker 1: use your debit card, you can't use your credit card,

540
00:28:48,960 --> 00:28:51,960
Speaker 1: your Apple pay is done, you can no longer use Netflix,

541
00:28:52,480 --> 00:28:56,880
Speaker 1: all of the like comforts of daily life, the accouterment

542
00:28:57,160 --> 00:29:00,240
Speaker 1: of like any sort of sort of connection to the

543
00:29:00,240 --> 00:29:03,440
Speaker 1: Western life which even the Chinese middle class, the Indian

544
00:29:03,440 --> 00:29:06,280
Speaker 1: middle class, I mean the middle class of Asia and

545
00:29:06,320 --> 00:29:09,280
Speaker 1: Africa have that is no longer there for you. Your

546
00:29:09,320 --> 00:29:12,760
Speaker 1: life is over in any sense of how you know it.

547
00:29:12,800 --> 00:29:14,960
Speaker 1: I mean even cars. You know, their biggest import is

548
00:29:14,960 --> 00:29:17,840
Speaker 1: cars from South Korea and Japan. That's not gonna happen anymore.

549
00:29:18,320 --> 00:29:20,960
Speaker 1: They're not gonna be able to replace their cars. They're

550
00:29:20,960 --> 00:29:23,600
Speaker 1: not be able to replace their phones. I mean, they're basically,

551
00:29:23,640 --> 00:29:25,080
Speaker 1: as we said, they're going to get sold to the

552
00:29:25,160 --> 00:29:27,760
Speaker 1: Chinese for a song. I hope everybody there starts to

553
00:29:27,840 --> 00:29:30,120
Speaker 1: learn Mandarin soon because you're gonna need it. It's a

554
00:29:30,200 --> 00:29:34,520
Speaker 1: total transformation of life. Yeah, and like that. Yeah, And already,

555
00:29:35,240 --> 00:29:38,280
Speaker 1: because of this potential for a debt default, you have

556
00:29:38,360 --> 00:29:42,960
Speaker 1: Russia's central bank limiting withdrawals of foreign currency from Russian banks,

557
00:29:43,040 --> 00:29:47,960
Speaker 1: prohibiting banks from selling foreign currency, and the analysts are

558
00:29:48,000 --> 00:29:50,880
Speaker 1: saying that that debt default could happen as early as

559
00:29:50,920 --> 00:29:54,160
Speaker 1: April fifteenth, because that will mark the end of a

560
00:29:54,200 --> 00:29:57,400
Speaker 1: thirty day grace period on coupon payments that the Russian

561
00:29:57,440 --> 00:30:01,920
Speaker 1: government owes on dollar bonds. So you know, this is

562
00:30:02,480 --> 00:30:06,520
Speaker 1: a dramatic economic transformation. What I saw. It's like, especially

563
00:30:06,600 --> 00:30:10,400
Speaker 1: if Europe follows through with a Russian oil band as well,

564
00:30:10,760 --> 00:30:14,560
Speaker 1: you're talking about GDP shrinking potentially fifteen percent in a year.

565
00:30:14,720 --> 00:30:18,360
Speaker 1: I mean, that is just a stunning, stunning collapse. Not

566
00:30:18,480 --> 00:30:21,280
Speaker 1: to mention like you said this, you know, dramatic sort

567
00:30:21,280 --> 00:30:26,360
Speaker 1: of lifestyle change, and we don't know what the numbers are,

568
00:30:26,400 --> 00:30:29,480
Speaker 1: but there are reports that there are many thousands of

569
00:30:29,560 --> 00:30:33,560
Speaker 1: Russians who are fleeing the country and a potential sort

570
00:30:33,600 --> 00:30:35,960
Speaker 1: of brain drain ongoing right now. The last thing I

571
00:30:36,040 --> 00:30:38,240
Speaker 1: want to say in this part is I don't know

572
00:30:38,240 --> 00:30:42,760
Speaker 1: if you guys. Do you guys remember Maria Buthina, Yes, yeah,

573
00:30:42,840 --> 00:30:46,280
Speaker 1: this lady. Yeah, she was like kind of connected to

574
00:30:46,320 --> 00:30:48,200
Speaker 1: the Russia Gates stuff because it was like, see there's

575
00:30:48,240 --> 00:30:50,920
Speaker 1: an action and she legit was like a Russian spy

576
00:30:51,320 --> 00:30:54,000
Speaker 1: who had infiltrated these sort of Republican circles, in particular

577
00:30:54,120 --> 00:30:58,440
Speaker 1: the NRA, and she was dating this big Republican donor.

578
00:30:59,360 --> 00:31:02,120
Speaker 1: It was a whole the whole thing during Russia Gas

579
00:31:02,360 --> 00:31:04,000
Speaker 1: is a Russian bar that I like here in DC,

580
00:31:04,200 --> 00:31:06,440
Speaker 1: oh for real. Yeah, Russia House which was then vandalist,

581
00:31:06,480 --> 00:31:08,200
Speaker 1: which is not vandalized and you said, it's not even

582
00:31:08,240 --> 00:31:10,760
Speaker 1: owned by Russians. Actually I don't think so. Okay, we

583
00:31:10,800 --> 00:31:12,600
Speaker 1: don't know, but even if it is, you shouldn't have

584
00:31:12,640 --> 00:31:14,640
Speaker 1: vandalize it. They have nothing to do with this. Okay,

585
00:31:15,120 --> 00:31:17,760
Speaker 1: we're gonna talk to Animore about that. But so she

586
00:31:18,000 --> 00:31:21,440
Speaker 1: served time in prison, then she went back to Russia.

587
00:31:21,600 --> 00:31:25,240
Speaker 1: She became a member of parliament in Russia, and she

588
00:31:25,400 --> 00:31:29,560
Speaker 1: did this bonkers interview on BBC yesterday. I got to

589
00:31:29,600 --> 00:31:33,600
Speaker 1: give credit to their interviewers are very good at like

590
00:31:33,600 --> 00:31:35,560
Speaker 1: like they're very effective. And it's also to me very

591
00:31:35,560 --> 00:31:38,520
Speaker 1: interesting in an argument against the sort of censorship and

592
00:31:38,560 --> 00:31:43,480
Speaker 1: de platforming that they routinely have on Russians who are

593
00:31:43,560 --> 00:31:47,239
Speaker 1: Krumlin loyalists, just to see like how are they pitching this,

594
00:31:47,320 --> 00:31:51,080
Speaker 1: how are they portraying this and the level of propaganda.

595
00:31:51,120 --> 00:31:52,800
Speaker 1: I don't know if she really believes this or not,

596
00:31:53,440 --> 00:31:57,120
Speaker 1: but she basically accused the Ukrainians of bombing their own

597
00:31:57,320 --> 00:32:02,320
Speaker 1: them yeah, that they're It was bonkers. She was like,

598
00:32:02,640 --> 00:32:05,960
Speaker 1: he said, so you don't believe that the Russians are

599
00:32:06,160 --> 00:32:08,840
Speaker 1: You don't accept that Russians are bombing civilian She's like,

600
00:32:08,960 --> 00:32:11,400
Speaker 1: we don't do that, and he said, oh, what about Siria,

601
00:32:11,480 --> 00:32:14,120
Speaker 1: what about Tea you know, I mean, it was really something.

602
00:32:14,200 --> 00:32:18,200
Speaker 1: So it just shows you, especially with the complete crackdown

603
00:32:18,240 --> 00:32:21,960
Speaker 1: now on any sort of independent media shutdowns of social

604
00:32:22,000 --> 00:32:27,720
Speaker 1: media in Russia, there is an impenetrable wall of complete

605
00:32:27,800 --> 00:32:31,080
Speaker 1: alternative reality that is being sold to people there. So

606
00:32:31,080 --> 00:32:32,760
Speaker 1: we have to keep that in mind as we're watching

607
00:32:32,880 --> 00:32:35,200
Speaker 1: the reaction from the Russian public as best we can.

608
00:32:36,160 --> 00:32:38,360
Speaker 1: All Right, the last piece here that we wanted to

609
00:32:38,400 --> 00:32:41,560
Speaker 1: give you in terms of updates is on our own

610
00:32:41,760 --> 00:32:45,600
Speaker 1: actions through the legislative branch. The latest that we've done,

611
00:32:46,200 --> 00:32:49,280
Speaker 1: of course, we have the Russian oil ban, and there

612
00:32:49,280 --> 00:32:51,120
Speaker 1: had originally been a plan to sort of like we're

613
00:32:51,120 --> 00:32:53,600
Speaker 1: going to pass this through Congress. In fact, the fact

614
00:32:53,720 --> 00:32:57,080
Speaker 1: that there was a bipartisan move in Congress, kind of

615
00:32:57,200 --> 00:33:00,120
Speaker 1: led by Nancy Pelosi to pass the bill mandating a

616
00:33:00,200 --> 00:33:03,840
Speaker 1: Russian oil ban seems to have been what pushed Biden.

617
00:33:05,600 --> 00:33:07,440
Speaker 1: He wasn't sure, but he didn't want the specter of

618
00:33:07,480 --> 00:33:09,480
Speaker 1: them getting ahead of him and making him look weak,

619
00:33:09,880 --> 00:33:11,920
Speaker 1: so he jumps out in front. And now he's doing

620
00:33:11,960 --> 00:33:17,400
Speaker 1: that unilaterally, but in terms of actual US legislative action,

621
00:33:17,520 --> 00:33:19,200
Speaker 1: let's go ahead and put Jeff Stein's tweet up on

622
00:33:19,240 --> 00:33:23,280
Speaker 1: the screen here past they pass a big Ukraine package

623
00:33:23,920 --> 00:33:26,560
Speaker 1: of aid with a whole bunch of, you know, different pieces.

624
00:33:26,600 --> 00:33:28,760
Speaker 1: You've got six hundred six and a half billion for

625
00:33:29,000 --> 00:33:32,520
Speaker 1: Department of Defense, he says, that's dollars for European Command

626
00:33:32,600 --> 00:33:35,320
Speaker 1: Center and replenishing US stocks that were sent to Ukraine.

627
00:33:35,680 --> 00:33:38,680
Speaker 1: You've got four billion for the State Department. That includes

628
00:33:38,760 --> 00:33:42,600
Speaker 1: migrant aid. Of course, we've got millions, what's well over

629
00:33:42,640 --> 00:33:46,120
Speaker 1: two million, over two million migrants who have who have

630
00:33:46,560 --> 00:33:49,920
Speaker 1: fled from Ukraine at this point, macroeconomic dollars for Ukraine

631
00:33:50,080 --> 00:33:54,840
Speaker 1: financing of Ukraine's military purchases. Three billion dollars for USAID.

632
00:33:55,040 --> 00:33:58,920
Speaker 1: That's things like food, healthcare, et cetera. So you have

633
00:33:59,040 --> 00:34:02,400
Speaker 1: all of that passing through. I mean, the refugee piece

634
00:34:02,440 --> 00:34:04,200
Speaker 1: of this is something I don't think we can even

635
00:34:04,320 --> 00:34:07,320
Speaker 1: wrap our heads around yet. And Poland is bearing the

636
00:34:07,320 --> 00:34:12,399
Speaker 1: brun of that. They've received already over a million refugees

637
00:34:12,640 --> 00:34:15,279
Speaker 1: from Ukraine, and they're going to need, you know, they're

638
00:34:15,280 --> 00:34:17,800
Speaker 1: going to need a lot of help resettling and helping

639
00:34:17,800 --> 00:34:21,440
Speaker 1: people make new lives there in Poland and throughout Europe.

640
00:34:21,719 --> 00:34:24,080
Speaker 1: There was also this was kind of a you know,

641
00:34:24,440 --> 00:34:27,680
Speaker 1: good idea that's been floated by the administration, a rare

642
00:34:27,760 --> 00:34:30,160
Speaker 1: good idea that we're seeing come out of all of this. Again,

643
00:34:30,239 --> 00:34:33,799
Speaker 1: let's put Justin up on the screen. Wanted to highlight this.

644
00:34:34,200 --> 00:34:36,320
Speaker 1: It was kind of buried in a longer piece about

645
00:34:36,440 --> 00:34:38,759
Speaker 1: banning oil imports. One of the things that the Biden

646
00:34:38,800 --> 00:34:44,120
Speaker 1: administration is contemplating is he says, there's early discussions over

647
00:34:44,360 --> 00:34:48,799
Speaker 1: quote heat pumps for Europe program to use US manufacturing

648
00:34:48,840 --> 00:34:52,200
Speaker 1: power to send massive numbers of energy efficient pumps to

649
00:34:52,280 --> 00:34:56,920
Speaker 1: Europe to buffer Russia's energy blow. Their exploring use of

650
00:34:56,960 --> 00:35:01,480
Speaker 1: the Defense Production Act and Department of Defense money. Of course,

651
00:35:01,520 --> 00:35:04,319
Speaker 1: there are major logistical hurdles because of the supply chain

652
00:35:04,600 --> 00:35:06,920
Speaker 1: crunched and also just because we can't really seem to

653
00:35:06,920 --> 00:35:09,920
Speaker 1: get our act together on anything. But if we could

654
00:35:09,960 --> 00:35:12,320
Speaker 1: pull this off, this would be a good idea, Soger,

655
00:35:12,480 --> 00:35:14,160
Speaker 1: that would be a great idea. This is exactly the

656
00:35:14,160 --> 00:35:16,239
Speaker 1: type of stuff that the Biden administration should be doing.

657
00:35:16,320 --> 00:35:18,600
Speaker 1: And you know, unfortunately we don't have a president who

658
00:35:18,640 --> 00:35:21,279
Speaker 1: talks about it in public, who reassures them, I mean,

659
00:35:21,280 --> 00:35:23,160
Speaker 1: what we're about to get to some of this this

660
00:35:23,200 --> 00:35:25,560
Speaker 1: is really the purpose of my home monologue, but it's

661
00:35:25,640 --> 00:35:28,879
Speaker 1: just so depressing to watch. And I also do want

662
00:35:28,880 --> 00:35:30,439
Speaker 1: to say, this is what I predicted at the top.

663
00:35:31,000 --> 00:35:34,719
Speaker 1: This is why Putin's move was a folly fourteen billion

664
00:35:34,800 --> 00:35:38,839
Speaker 1: in aid overnight getting chipped over there to Ukraine. That's

665
00:35:38,920 --> 00:35:41,880
Speaker 1: a little taste of what's happening already. McConnell says that

666
00:35:41,880 --> 00:35:44,160
Speaker 1: we need to increase the defense budget by ten percent,

667
00:35:44,560 --> 00:35:46,960
Speaker 1: just as I said it would, and that's exactly what's

668
00:35:47,000 --> 00:35:49,160
Speaker 1: going to happen. There will be a bipartisan push in

669
00:35:49,280 --> 00:35:52,759
Speaker 1: order to do that. All of our nuclear development, hypersonic development,

670
00:35:53,000 --> 00:35:55,240
Speaker 1: deployment over to the east. We now have more troops

671
00:35:55,239 --> 00:35:57,359
Speaker 1: in Eastern We have one hundred thousand troops right now

672
00:35:57,440 --> 00:35:59,359
Speaker 1: in eastern Europe, or not in Eastern Europe, in all

673
00:35:59,400 --> 00:36:02,560
Speaker 1: of Europe, one hundred thousand. What year is it like,

674
00:36:02,680 --> 00:36:06,040
Speaker 1: nineteen sixty two? This is an example of when he

675
00:36:06,080 --> 00:36:10,320
Speaker 1: did this. He has ensured the deployment of US Western

676
00:36:10,360 --> 00:36:13,240
Speaker 1: forces all the way to the eastern flank. Just this morning,

677
00:36:13,600 --> 00:36:15,920
Speaker 1: Kamala Harris is over in Poland. So God help us

678
00:36:15,960 --> 00:36:19,080
Speaker 1: all said that we are going to be deploying what

679
00:36:19,120 --> 00:36:24,239
Speaker 1: is it, patriot missiles to Poland system there apparents right, Well, yeah,

680
00:36:24,280 --> 00:36:26,120
Speaker 1: they already had some. Now we're going to be putting

681
00:36:26,120 --> 00:36:28,479
Speaker 1: even more these again are with this in the past

682
00:36:28,520 --> 00:36:31,480
Speaker 1: would have been seen as a very hot, not hostile,

683
00:36:31,520 --> 00:36:34,719
Speaker 1: but you know, aggressive move. This is one of the

684
00:36:34,719 --> 00:36:38,120
Speaker 1: things that we told you before the invasion was one

685
00:36:38,160 --> 00:36:41,040
Speaker 1: of the rubs for Putin that he considered to be

686
00:36:41,239 --> 00:36:45,160
Speaker 1: aggressive and a national security threat. And I just want

687
00:36:45,200 --> 00:36:48,040
Speaker 1: to say on that front, like when we're talking about

688
00:36:48,080 --> 00:36:50,719
Speaker 1: some of the conditions that led to this invasion, I

689
00:36:50,760 --> 00:36:54,120
Speaker 1: just always think it's important to say, just because the

690
00:36:54,160 --> 00:36:57,319
Speaker 1: outcome was somewhat predictable that this would piss him off

691
00:36:57,520 --> 00:37:00,320
Speaker 1: and lead to some sort of a backlash does doesn't

692
00:37:00,360 --> 00:37:03,680
Speaker 1: mean that there wasn't agency here. It doesn't justify it.

693
00:37:03,880 --> 00:37:06,920
Speaker 1: The fact that it was predictable doesn't justify it, and

694
00:37:06,960 --> 00:37:11,080
Speaker 1: that's certainly the case with these patriot systems. There we go, Yeah,

695
00:37:11,200 --> 00:37:13,959
Speaker 1: that's what the Russians have gone ahead and guaranteed. Okay,

696
00:37:14,040 --> 00:37:16,360
Speaker 1: let's go ahead and get to this next one on oil,

697
00:37:16,440 --> 00:37:19,440
Speaker 1: obviously something we've been tracking very very closely. Let's put

698
00:37:19,440 --> 00:37:21,600
Speaker 1: this first one up there on the screen. This is

699
00:37:21,640 --> 00:37:26,200
Speaker 1: a complete embarrassment crystal from the to the United States.

700
00:37:26,200 --> 00:37:29,759
Speaker 1: So we brought you previously that the Biden administration had

701
00:37:29,800 --> 00:37:33,080
Speaker 1: been considering sending envoys over to Saudi Arabia to try

702
00:37:33,120 --> 00:37:35,920
Speaker 1: and convince them to pump more oil. Look at the

703
00:37:35,960 --> 00:37:38,600
Speaker 1: way that they've embarrassed us on the national stage. The

704
00:37:38,640 --> 00:37:43,320
Speaker 1: Saudis and the Amidis have declined calls with the president

705
00:37:43,640 --> 00:37:46,200
Speaker 1: during the Ukraine crisis. But you know what makes it

706
00:37:46,239 --> 00:37:49,799
Speaker 1: even worse, they just had calls both of them with

707
00:37:50,160 --> 00:37:54,960
Speaker 1: Putin last week declining to speak with mister Biden. They

708
00:37:54,960 --> 00:37:57,839
Speaker 1: have agreed to speak with the Ukrainian president and the

709
00:37:57,840 --> 00:38:00,600
Speaker 1: Saudi official said that, you know, Prince mah Ahmed could

710
00:38:00,600 --> 00:38:03,440
Speaker 1: try to mediate the conflict. All of this comes down

711
00:38:03,480 --> 00:38:06,279
Speaker 1: to the fact that the Biden administration stood tall to

712
00:38:06,320 --> 00:38:09,799
Speaker 1: Saudi Arabia on the issue of Jamalka Showgate, not on

713
00:38:09,880 --> 00:38:12,640
Speaker 1: the issue of Yemen or weapons sales or any of this.

714
00:38:13,000 --> 00:38:15,800
Speaker 1: But this is just such a slap in the face

715
00:38:16,080 --> 00:38:19,960
Speaker 1: to the United States after propping up this idiotic regime

716
00:38:20,040 --> 00:38:22,880
Speaker 1: in riod now for forty years. And I was telling

717
00:38:23,280 --> 00:38:25,839
Speaker 1: it also goes to the impotence of the Biden administration

718
00:38:26,080 --> 00:38:28,880
Speaker 1: that they're trying to do this all behind the scenes. Look,

719
00:38:29,200 --> 00:38:31,279
Speaker 1: if the Saudi Prince is not going to take a

720
00:38:31,280 --> 00:38:33,560
Speaker 1: call from the President of the United States, he should

721
00:38:33,600 --> 00:38:36,720
Speaker 1: go out and give a press conference and say, you know, Riod,

722
00:38:37,040 --> 00:38:39,759
Speaker 1: I'm nearing a deal with the Iranians right now. By

723
00:38:39,800 --> 00:38:42,399
Speaker 1: all accounts, that's what's happening. That's something that you guys

724
00:38:42,400 --> 00:38:45,600
Speaker 1: don't like. In the past, we guaranteed you one hundred

725
00:38:45,880 --> 00:38:49,239
Speaker 1: billion dollars a year in military aid, and not a

726
00:38:49,280 --> 00:38:53,760
Speaker 1: single missile is leaving a US port for Riod until

727
00:38:53,800 --> 00:38:57,920
Speaker 1: you start pumping more oil. The Saudis are utterly defenseless

728
00:38:57,960 --> 00:39:00,880
Speaker 1: without the United States. They need us far more than

729
00:39:00,920 --> 00:39:03,240
Speaker 1: we need them. I'm not saying that it wouldn't cause

730
00:39:03,560 --> 00:39:05,919
Speaker 1: problems here, as we are all discovering whenever it comes

731
00:39:05,920 --> 00:39:08,520
Speaker 1: to oil and more. But in terms of Riodd and

732
00:39:08,560 --> 00:39:12,920
Speaker 1: their secure hold on power and all that, look at

733
00:39:12,960 --> 00:39:16,040
Speaker 1: all the having lived in the Middle East, we run

734
00:39:16,080 --> 00:39:19,200
Speaker 1: their economy. Whenever it comes to the our level of

735
00:39:19,239 --> 00:39:22,160
Speaker 1: soft power influence in the Middle East, we need to

736
00:39:22,160 --> 00:39:25,960
Speaker 1: bring all hard power to bear and tell them a

737
00:39:26,120 --> 00:39:29,520
Speaker 1: very hard line. You're gonna pump more at our request.

738
00:39:29,840 --> 00:39:33,040
Speaker 1: All of this decline, our calls, et CETERA good luck

739
00:39:33,239 --> 00:39:36,200
Speaker 1: on your own, because we're going to sign Otherwise, we'll

740
00:39:36,520 --> 00:39:39,120
Speaker 1: sign a deal with the Iranians and they'll pump as

741
00:39:39,160 --> 00:39:41,960
Speaker 1: much goddamn oil as we want them to because they

742
00:39:42,000 --> 00:39:46,280
Speaker 1: want their economy rescued, and they're your sworn enemies. You decide,

743
00:39:46,640 --> 00:39:50,560
Speaker 1: you pick. Yes, there's a foolishness in our dealings here.

744
00:39:50,600 --> 00:39:53,640
Speaker 1: I mean, it makes me so angry that he's embarrassing

745
00:39:53,719 --> 00:39:55,520
Speaker 1: us like this on the international I mean, we just

746
00:39:56,239 --> 00:39:59,000
Speaker 1: some ally we have here. I mean, it's just grotesque,

747
00:39:59,080 --> 00:40:01,279
Speaker 1: like we have to cut the with these people, and

748
00:40:01,320 --> 00:40:07,279
Speaker 1: I mean both Saudi and UAE. It's also completely sort

749
00:40:07,320 --> 00:40:11,359
Speaker 1: of absurd and points to our own hypocrisies that we

750
00:40:11,560 --> 00:40:15,640
Speaker 1: are banning Russian oil for humanitarian purposes, but then we're

751
00:40:15,680 --> 00:40:19,160
Speaker 1: desperately seeking Saudi oil because that's better while they're doing

752
00:40:19,160 --> 00:40:22,320
Speaker 1: this in Yemen. I mean, it really makes no sense

753
00:40:22,360 --> 00:40:25,760
Speaker 1: if you're trying to apply any sort of consistent principle here.

754
00:40:26,920 --> 00:40:29,719
Speaker 1: The Saudis, I guess this is their demands, just to

755
00:40:29,760 --> 00:40:33,160
Speaker 1: give you a sense of how grotesque this relationship is

756
00:40:33,280 --> 00:40:37,239
Speaker 1: and how it completely undermines any credibility that we have

757
00:40:37,320 --> 00:40:40,120
Speaker 1: on the world stage about like human rights and democracy.

758
00:40:41,080 --> 00:40:45,120
Speaker 1: They want more support for their intervention in Yemen's civil war,

759
00:40:45,320 --> 00:40:49,600
Speaker 1: aka them causing what is right now the worst humanitarian

760
00:40:49,600 --> 00:40:52,919
Speaker 1: crisis on the entire globe. They want that, they want

761
00:40:52,920 --> 00:40:56,280
Speaker 1: help with their own civilian nuclear program as Irons moves ahead.

762
00:40:56,520 --> 00:41:00,920
Speaker 1: And they want legal immunity for Prince Mohammad in the US,

763
00:41:01,600 --> 00:41:05,160
Speaker 1: and he's facing multiple lawsuits in the US, including over

764
00:41:05,160 --> 00:41:08,680
Speaker 1: the killing of journalist Jamal Kushoki in twenty eighteen. So

765
00:41:09,520 --> 00:41:12,160
Speaker 1: it's disgusting that we're in bed with this regime. And

766
00:41:12,200 --> 00:41:14,799
Speaker 1: the sooner that we can get off the sauce and

767
00:41:14,880 --> 00:41:18,840
Speaker 1: cut the cord, the better, because clearly they don't have

768
00:41:18,920 --> 00:41:21,319
Speaker 1: our back in any way whatsoever. We're at our back.

769
00:41:21,360 --> 00:41:23,680
Speaker 1: These people are so greedy and they think they can

770
00:41:23,719 --> 00:41:26,040
Speaker 1: play us. I mean in a way they have. I mean, look,

771
00:41:26,080 --> 00:41:28,600
Speaker 1: I went to Georgetown for my master's program. Every day

772
00:41:28,600 --> 00:41:30,800
Speaker 1: I walk out of the building it says this building

773
00:41:30,840 --> 00:41:32,960
Speaker 1: was donated by the Kingdom of Saudi. Oh, there's so

774
00:41:33,040 --> 00:41:36,560
Speaker 1: much Souad money and all of the foreign Foreign Ministry

775
00:41:36,719 --> 00:41:40,279
Speaker 1: of Saudi Arabia they speak better English than you or

776
00:41:40,320 --> 00:41:42,920
Speaker 1: I because they went to Georgetown. Okay, look, I think

777
00:41:42,920 --> 00:41:44,759
Speaker 1: we should kick all their kids out every single one

778
00:41:44,760 --> 00:41:47,320
Speaker 1: of them. They're all living here in Washington, DC. Screw

779
00:41:47,400 --> 00:41:49,240
Speaker 1: you get the hell out of here, you start pumping

780
00:41:49,280 --> 00:41:51,960
Speaker 1: more oile. Okay, maybe you can say that sounds callous

781
00:41:52,000 --> 00:41:55,560
Speaker 1: once again on the weapons we prop up their entire military.

782
00:41:55,880 --> 00:41:58,400
Speaker 1: But this again goes to if we start playing with that,

783
00:41:58,600 --> 00:42:01,240
Speaker 1: you're gonna get some very angry call out in Northern

784
00:42:01,320 --> 00:42:04,920
Speaker 1: Virginia to these defense contractors who have deep relations. The

785
00:42:05,000 --> 00:42:08,480
Speaker 1: Saudis have this town wired. Whenever it comes to lobbyists.

786
00:42:08,480 --> 00:42:10,680
Speaker 1: They have the best lobbyist in the game. They have

787
00:42:10,840 --> 00:42:14,880
Speaker 1: all sorts of economic intertwinement, all of the what is

788
00:42:14,880 --> 00:42:18,200
Speaker 1: it all These former Trump officials, including Jared Kushner, are

789
00:42:18,520 --> 00:42:22,160
Speaker 1: trying to get Saudi money for their private investment groups.

790
00:42:22,280 --> 00:42:25,120
Speaker 1: We've got Saudi money in Uber, We've got Saudi money

791
00:42:25,320 --> 00:42:28,520
Speaker 1: in some of the biggest technology companies, the Saudi Private

792
00:42:28,560 --> 00:42:31,080
Speaker 1: Investment Fund. Obviously, you know already we did that whole

793
00:42:31,120 --> 00:42:33,400
Speaker 1: story about the PGA. They're already trying to come for

794
00:42:33,920 --> 00:42:36,960
Speaker 1: an American sport. Yeah, the amount of influence to collapse

795
00:42:36,960 --> 00:42:38,960
Speaker 1: they have in this country. But this is again, this

796
00:42:39,040 --> 00:42:41,080
Speaker 1: is a leverage that we have. We can say no, okay,

797
00:42:41,160 --> 00:42:43,160
Speaker 1: go ahead, five like you don't want to do this,

798
00:42:43,320 --> 00:42:46,920
Speaker 1: that's fine. You're cut off culturally, completely cut off ruling

799
00:42:46,920 --> 00:42:50,200
Speaker 1: A leader of this country really loves their Western consumerism

800
00:42:50,200 --> 00:42:53,600
Speaker 1: as well. So that's another you know, soft power that

801
00:42:53,640 --> 00:42:56,480
Speaker 1: we have exactly there too. And you know, I'm just

802
00:42:56,480 --> 00:43:00,239
Speaker 1: looking at this landscape and you have this. It's it

803
00:43:00,280 --> 00:43:03,480
Speaker 1: comes back to this total lack of vision from the

804
00:43:03,480 --> 00:43:05,279
Speaker 1: Biden administration that you're going to be talking about in

805
00:43:05,320 --> 00:43:09,160
Speaker 1: your monologue, the inability to use this moment of crisis

806
00:43:09,160 --> 00:43:12,640
Speaker 1: where Americans have come together, like I think that a

807
00:43:12,640 --> 00:43:14,920
Speaker 1: lot of the things that the public wants and is

808
00:43:14,960 --> 00:43:19,360
Speaker 1: pushing for are wrongheaded and very dangerous, but I do

809
00:43:19,440 --> 00:43:22,799
Speaker 1: think it comes from a very noble place of like,

810
00:43:22,960 --> 00:43:24,560
Speaker 1: you know, it comes from this noble place of like

811
00:43:24,600 --> 00:43:27,200
Speaker 1: we see the suffering, like what can we do? And

812
00:43:27,239 --> 00:43:29,399
Speaker 1: when the government's like you're gonna have to pay higher

813
00:43:29,440 --> 00:43:31,200
Speaker 1: prices at the pump, that's the way we help the

814
00:43:31,280 --> 00:43:34,600
Speaker 1: Ukrainians shocking, like eighty percent of people are like, Okay,

815
00:43:34,600 --> 00:43:38,440
Speaker 1: we'll do it. You know, they say yeah, but we'll theyree.

816
00:43:39,120 --> 00:43:42,400
Speaker 1: But that's the sentiment that exists right now. And so

817
00:43:42,960 --> 00:43:47,360
Speaker 1: to not use that moment when the disgusting behavior and

818
00:43:47,440 --> 00:43:51,600
Speaker 1: hypocrisy of the Saudis is on display when people actually,

819
00:43:51,920 --> 00:43:55,200
Speaker 1: you know, for the moment, are like, okay, well we'll

820
00:43:55,239 --> 00:43:58,200
Speaker 1: like take one, you know, for the country here if

821
00:43:58,239 --> 00:44:01,480
Speaker 1: it's going to help Ukraine to do something dramatic to

822
00:44:01,520 --> 00:44:04,040
Speaker 1: make sure we never end up in this situation again.

823
00:44:04,239 --> 00:44:07,719
Speaker 1: I will never get over that failure of leadership, Like,

824
00:44:07,800 --> 00:44:11,720
Speaker 1: if we're not gonna significantly move away from fossil fuel

825
00:44:11,719 --> 00:44:14,719
Speaker 1: dependence during this time, I don't think it's ever going

826
00:44:14,760 --> 00:44:18,680
Speaker 1: to happen. Because also just on the naked economics, when

827
00:44:18,800 --> 00:44:22,840
Speaker 1: gas is so frickin' expensive, then suddenly these other energy

828
00:44:22,880 --> 00:44:26,759
Speaker 1: sources are much more competitive economically, especially right now. Yeah,

829
00:44:26,760 --> 00:44:30,560
Speaker 1: so you have that, you have a public that gets it, like, oh,

830
00:44:30,600 --> 00:44:33,920
Speaker 1: this isn't just about some climate issue in the future

831
00:44:34,000 --> 00:44:36,120
Speaker 1: that isn't really connected that I don't feel in my

832
00:44:36,200 --> 00:44:38,839
Speaker 1: daily life right now, even though you know, obviously we're

833
00:44:38,880 --> 00:44:41,600
Speaker 1: already seeing the impacts of climate change. This is about

834
00:44:41,600 --> 00:44:44,560
Speaker 1: our national security and our national pride to day and

835
00:44:44,640 --> 00:44:47,360
Speaker 1: gives us the ability to you know, stand on our

836
00:44:47,400 --> 00:44:51,239
Speaker 1: own two feet and not to rely on disgusting regimes

837
00:44:51,320 --> 00:44:54,080
Speaker 1: that don't stand for anything that we claim to believe in.

838
00:44:54,160 --> 00:44:56,560
Speaker 1: Even as we you know, fall short in our own ways.

839
00:44:57,080 --> 00:44:59,520
Speaker 1: Like if we don't take that opportunity right now, I'm

840
00:44:59,560 --> 00:45:03,200
Speaker 1: just like, is it ever gonna happen? And you have

841
00:45:03,239 --> 00:45:07,960
Speaker 1: an administration that apparently doesn't know how to use the

842
00:45:07,960 --> 00:45:11,600
Speaker 1: moment to enlist people in a vision and give them

843
00:45:11,640 --> 00:45:15,400
Speaker 1: something to do that not only makes them feel like, Okay,

844
00:45:15,440 --> 00:45:17,719
Speaker 1: we're helping the people of Ukraine, but also that we're

845
00:45:17,719 --> 00:45:21,640
Speaker 1: doing something to bolster our own country. That's the thing

846
00:45:21,640 --> 00:45:23,720
Speaker 1: that we really need. There is some good news, at least,

847
00:45:24,040 --> 00:45:26,799
Speaker 1: relations with Venezuela Wuela seem to be getting better. Let's

848
00:45:26,800 --> 00:45:29,320
Speaker 1: put this up there on the screen. The Venezuelan regime

849
00:45:29,320 --> 00:45:32,760
Speaker 1: has gone ahead and released two Americans after the visit

850
00:45:33,080 --> 00:45:36,480
Speaker 1: from US officials who went ahead went down there and

851
00:45:36,600 --> 00:45:39,960
Speaker 1: basically begged them to start pumping more oil. There is

852
00:45:40,120 --> 00:45:42,239
Speaker 1: a point though, that I need to make, and this

853
00:45:42,360 --> 00:45:44,600
Speaker 1: was flagged to me by an oil expert. Part of

854
00:45:44,600 --> 00:45:48,239
Speaker 1: the issue is that Venezuela's oil is very, very thick.

855
00:45:48,400 --> 00:45:50,320
Speaker 1: They have like the thickest crude on the planet. I

856
00:45:50,320 --> 00:45:53,080
Speaker 1: think it's called extra heavy crude. The problem with that

857
00:45:53,160 --> 00:45:57,120
Speaker 1: is actually requires a ton more refining. So again this

858
00:45:57,160 --> 00:45:59,760
Speaker 1: is the thing, even if the Saudi start pumping tomorrow,

859
00:46:00,040 --> 00:46:02,400
Speaker 1: and if the Venezuelans and all them start pumping tomorrow,

860
00:46:02,440 --> 00:46:05,480
Speaker 1: the immediate relief at the gas pump is just not

861
00:46:05,480 --> 00:46:07,600
Speaker 1: going to be there. I mean, our shortest road here

862
00:46:07,920 --> 00:46:10,600
Speaker 1: is going to be domestic production ramp up in the

863
00:46:10,600 --> 00:46:13,200
Speaker 1: near term of like six months to seven months. This

864
00:46:13,239 --> 00:46:15,440
Speaker 1: actually is a Wall Street issue. There's been a lot

865
00:46:15,440 --> 00:46:17,640
Speaker 1: of this on talk of this. We actually have a

866
00:46:17,640 --> 00:46:21,319
Speaker 1: lot of these companies, they have the oil leases, they're

867
00:46:21,360 --> 00:46:24,440
Speaker 1: just not drilling right now. This is part of the issue. Why.

868
00:46:24,680 --> 00:46:27,600
Speaker 1: Well Jen Psaki yesterday was asked about this and she

869
00:46:27,719 --> 00:46:30,280
Speaker 1: was like, what do they need an invitation to drill? Well,

870
00:46:30,400 --> 00:46:33,080
Speaker 1: actually they need money. Because part of the issue is,

871
00:46:33,160 --> 00:46:39,040
Speaker 1: we've explained this before. The oil producers drilled five hundred

872
00:46:39,040 --> 00:46:42,280
Speaker 1: billion dollars worth of investment in twenty eighteen. They lost

873
00:46:42,360 --> 00:46:44,800
Speaker 1: a ton of money on that because the gas price

874
00:46:45,000 --> 00:46:48,200
Speaker 1: went down during COVID. So now during high gas prices,

875
00:46:48,239 --> 00:46:50,600
Speaker 1: whenever we ask these questions outside of just naked greed,

876
00:46:51,000 --> 00:46:53,560
Speaker 1: why in a period of extremely high gas price that

877
00:46:53,640 --> 00:46:56,520
Speaker 1: we don't then have drilling here at home. The reason

878
00:46:56,560 --> 00:46:58,880
Speaker 1: why is that the profits that these guys are reaping.

879
00:46:59,040 --> 00:47:01,839
Speaker 1: There is what's feeding back to the investors. So Wall

880
00:47:01,840 --> 00:47:03,879
Speaker 1: Street is like, no, you're not drilling, we want our

881
00:47:03,880 --> 00:47:07,279
Speaker 1: money back all of this. What's the solution government? This

882
00:47:07,360 --> 00:47:09,320
Speaker 1: is the only way. There's actually a couple of ways

883
00:47:09,520 --> 00:47:11,839
Speaker 1: you could do this. Ed Markey has some legislation back

884
00:47:11,880 --> 00:47:14,759
Speaker 1: in twenty ten which says that you can levy a

885
00:47:14,880 --> 00:47:19,320
Speaker 1: financial tax on any oil producer who owns a lease

886
00:47:19,400 --> 00:47:22,640
Speaker 1: and is not using it for production, basically lighting it

887
00:47:22,680 --> 00:47:25,960
Speaker 1: lie fallow. This also doesn't even necessarily mean that you

888
00:47:26,000 --> 00:47:28,680
Speaker 1: have to expand new drilling. We have plenty of oil

889
00:47:28,760 --> 00:47:32,680
Speaker 1: leases which have already exists, they just aren't using them

890
00:47:33,040 --> 00:47:35,720
Speaker 1: right now. So this doesn't fit the culture war narrative.

891
00:47:35,800 --> 00:47:38,200
Speaker 1: But a lot of people are just simply not going

892
00:47:38,280 --> 00:47:41,319
Speaker 1: to say it, But we need to drill where we

893
00:47:41,440 --> 00:47:44,840
Speaker 1: already have drilling, and it's a government problem that we

894
00:47:44,920 --> 00:47:48,040
Speaker 1: don't have some sort of solution in Congress. I mean, look,

895
00:47:48,080 --> 00:47:49,600
Speaker 1: they're on the Republican side, and we're going to get

896
00:47:49,600 --> 00:47:51,719
Speaker 1: this is the gas price thing. On the Republican side,

897
00:47:51,719 --> 00:47:53,480
Speaker 1: they have the best of all world. So pan Russian

898
00:47:53,480 --> 00:47:55,160
Speaker 1: oil price is going to go up and they can

899
00:47:55,200 --> 00:47:57,040
Speaker 1: be like, why didn't you build a keystone pipeline two

900
00:47:57,080 --> 00:47:59,200
Speaker 1: years ago. And also they can be like, you know,

901
00:47:59,239 --> 00:48:02,000
Speaker 1: we need to expand drilling on federal lands all of that.

902
00:48:02,280 --> 00:48:05,719
Speaker 1: On the Democratic side, they're uncomfortable because they don't want

903
00:48:05,719 --> 00:48:08,880
Speaker 1: to be seen substizing drilling at all. So with the

904
00:48:09,280 --> 00:48:14,040
Speaker 1: topic and the framework becomes new drilling instead of current drilling.

905
00:48:14,360 --> 00:48:17,280
Speaker 1: And this is why parsing the conversation. And I've looked

906
00:48:17,560 --> 00:48:19,480
Speaker 1: as deep as I can into this and talk to

907
00:48:19,520 --> 00:48:22,719
Speaker 1: some experts. Just doing that alone. Once again, you are

908
00:48:22,719 --> 00:48:25,279
Speaker 1: not going to get a price pressure relief in the

909
00:48:25,280 --> 00:48:27,759
Speaker 1: next six months. But you know, look, this war is

910
00:48:27,800 --> 00:48:29,040
Speaker 1: going to go on for a long time. People are

911
00:48:29,040 --> 00:48:31,000
Speaker 1: going to keep driving cars for what the next fifteen

912
00:48:30,960 --> 00:48:33,800
Speaker 1: to twenty years at least on gas price, we could

913
00:48:33,800 --> 00:48:36,759
Speaker 1: increase our domestic production just on what we already have.

914
00:48:37,280 --> 00:48:39,359
Speaker 1: It's just that we have a Wall Street disconnect. So

915
00:48:39,400 --> 00:48:41,520
Speaker 1: the only time that that happens with the national security,

916
00:48:41,640 --> 00:48:44,239
Speaker 1: that's when the government sh stappen. It's a difficult thing,

917
00:48:44,280 --> 00:48:48,680
Speaker 1: and they have difficult problem. They're raking in massive profits

918
00:48:48,760 --> 00:48:50,839
Speaker 1: right to recoup a lot of these losses and also

919
00:48:50,920 --> 00:48:53,879
Speaker 1: make money, right, and are delighted to have these super

920
00:48:54,000 --> 00:48:56,520
Speaker 1: high prices and whatever. Maybe we should just nationalize them.

921
00:48:56,520 --> 00:48:58,960
Speaker 1: That'd be another solution. I am totally on board though,

922
00:48:59,000 --> 00:49:01,400
Speaker 1: with the idea of coming to some sort of Dayton

923
00:49:01,520 --> 00:49:03,880
Speaker 1: with Venezuela and lifting the sanctions that were imposed on

924
00:49:03,880 --> 00:49:08,120
Speaker 1: that that once again are like really devastating their own population,

925
00:49:08,440 --> 00:49:11,839
Speaker 1: and also give Medoro you know, he allows him to say, oh,

926
00:49:12,000 --> 00:49:14,359
Speaker 1: if you're suffering, it's not my fault, it's and with

927
00:49:14,400 --> 00:49:18,440
Speaker 1: some justification it sees Western sanctions. So I'm in favor

928
00:49:18,480 --> 00:49:21,319
Speaker 1: of that. On the oil front there in addition to

929
00:49:21,440 --> 00:49:23,719
Speaker 1: the extra thick crud, which sounds kind of hot, I

930
00:49:23,760 --> 00:49:28,279
Speaker 1: gotta tell you. In addition to that, they also apparently

931
00:49:28,760 --> 00:49:33,560
Speaker 1: they're just like equipment and oil industry is sort of

932
00:49:33,600 --> 00:49:37,840
Speaker 1: struggling from It needs massive infusion of cash and upgrades

933
00:49:37,880 --> 00:49:40,360
Speaker 1: to be able to pump to what they you know,

934
00:49:40,440 --> 00:49:44,560
Speaker 1: could actually do. It's sort of like decaying. So you know,

935
00:49:44,800 --> 00:49:48,279
Speaker 1: they they would provide some sort of backfill for what

936
00:49:48,320 --> 00:49:51,239
Speaker 1: we would lose from the Russian oil band, and it's

937
00:49:51,239 --> 00:49:53,880
Speaker 1: going to be you know, one of the things that

938
00:49:53,920 --> 00:49:56,680
Speaker 1: we'll see how quickly it can happen, is you're going

939
00:49:56,719 --> 00:49:59,560
Speaker 1: to have this sort of global shift of where people

940
00:49:59,600 --> 00:50:02,840
Speaker 1: are getting their oil from and how quickly can that

941
00:50:02,960 --> 00:50:05,800
Speaker 1: happen and those adjustments be made. I don't think anyone

942
00:50:05,920 --> 00:50:10,080
Speaker 1: really ultimately knows to your point on the Democrats messaging

943
00:50:10,320 --> 00:50:13,480
Speaker 1: on this. Obviously, gas prices, you guys know, have been

944
00:50:13,560 --> 00:50:16,520
Speaker 1: rising for a while before we had any sort of

945
00:50:16,560 --> 00:50:20,520
Speaker 1: situation here with Russia and Ukraine. But what the Biden

946
00:50:20,560 --> 00:50:23,800
Speaker 1: people want to say is if you're suffering at the pump,

947
00:50:23,880 --> 00:50:27,359
Speaker 1: it is one percent, it's all Russi's fault. And they're

948
00:50:27,560 --> 00:50:30,280
Speaker 1: you know, so that's they're leaning very hard into that messaging.

949
00:50:30,360 --> 00:50:32,799
Speaker 1: We heard that from the President just recently. Let's take

950
00:50:32,800 --> 00:50:38,919
Speaker 1: a listen to that. I'm peck too much right now.

951
00:50:39,520 --> 00:50:45,520
Speaker 1: Russia possible, can't must right now, Russia's responsible what is happening.

952
00:50:45,600 --> 00:50:47,840
Speaker 1: I'm going to talk as much as I can and

953
00:50:47,880 --> 00:50:51,080
Speaker 1: it in my monologue on this. That is the most

954
00:50:51,120 --> 00:50:54,200
Speaker 1: impotent statement by a president who just got slapped in

955
00:50:54,200 --> 00:50:56,640
Speaker 1: the face by the Saudi's what you know, that whole

956
00:50:56,880 --> 00:50:59,200
Speaker 1: thing I just told you guys about about production, This

957
00:50:59,320 --> 00:51:02,680
Speaker 1: is not hard to figure out if people like it

958
00:51:02,760 --> 00:51:06,600
Speaker 1: took me what four or five hours of reading and

959
00:51:06,800 --> 00:51:09,239
Speaker 1: five or six phone calls to various different people in

960
00:51:09,280 --> 00:51:10,960
Speaker 1: government to be like, okay, I have a pretty good

961
00:51:11,000 --> 00:51:14,279
Speaker 1: grasp now of what the actual choke point is. He's

962
00:51:14,360 --> 00:51:16,520
Speaker 1: the president. He could have all that done in a

963
00:51:16,600 --> 00:51:19,040
Speaker 1: briefing for him in thirty minutes. Not much right now

964
00:51:19,040 --> 00:51:21,600
Speaker 1: because they think it's a political winner whenever it comes

965
00:51:21,640 --> 00:51:25,160
Speaker 1: to saying, oh, it's on Vladimir Putin and apparently Crystal

966
00:51:25,320 --> 00:51:28,960
Speaker 1: that's the talking point now well and listen for political messaging.

967
00:51:29,239 --> 00:51:32,040
Speaker 1: I get it blaming Putin, and I think it will

968
00:51:32,080 --> 00:51:35,839
Speaker 1: have some salience to American people. But the piece where

969
00:51:35,840 --> 00:51:38,920
Speaker 1: you're like, eh, nothing we're gonna do, that's where the

970
00:51:38,960 --> 00:51:42,239
Speaker 1: impotence really shines through, because you know, not only do

971
00:51:42,280 --> 00:51:45,759
Speaker 1: you say we're doing everything we can to you know,

972
00:51:45,960 --> 00:51:49,360
Speaker 1: keep prices as low as they possibly can be, recognizing

973
00:51:49,400 --> 00:51:51,040
Speaker 1: that this is going to be I mean, you have

974
00:51:51,080 --> 00:51:53,480
Speaker 1: to set people's expectations like this is going to be

975
00:51:53,520 --> 00:51:55,520
Speaker 1: painful and it's going to be difficult. And as you

976
00:51:55,520 --> 00:51:58,120
Speaker 1: guys know, I was opposed to fanning Russian oil anyway,

977
00:51:58,480 --> 00:52:00,839
Speaker 1: but you have to set people's ex spectations now that

978
00:52:00,840 --> 00:52:03,080
Speaker 1: that action has been taken. But then you have to

979
00:52:03,160 --> 00:52:05,520
Speaker 1: lay out here's what we're going to do, and here's

980
00:52:05,640 --> 00:52:07,560
Speaker 1: this is your chance when you get to ask that question,

981
00:52:07,880 --> 00:52:10,239
Speaker 1: here's your chance to say, and here's how we're going

982
00:52:10,320 --> 00:52:14,719
Speaker 1: to make sure that this never happens again, that we're

983
00:52:14,840 --> 00:52:20,160
Speaker 1: never dependent on these nefarious regimes overseas that don't share

984
00:52:20,200 --> 00:52:22,440
Speaker 1: the best of our values, like we're going to make

985
00:52:22,480 --> 00:52:25,320
Speaker 1: sure that we're never in this position again where ordinary

986
00:52:25,320 --> 00:52:28,160
Speaker 1: Americans are suffering because of the whims of the fricking

987
00:52:28,280 --> 00:52:32,480
Speaker 1: Saudis and the Russians. So he's that's the piece that

988
00:52:32,520 --> 00:52:36,160
Speaker 1: they just are totally unable to deliver on. And it

989
00:52:36,239 --> 00:52:40,440
Speaker 1: is such a profound missed opportunity to turn the direction

990
00:52:40,520 --> 00:52:43,440
Speaker 1: of American energy policy. I will literally never get over it.

991
00:52:45,840 --> 00:52:48,200
Speaker 1: Let's move on to this next one on gas price

992
00:52:48,239 --> 00:52:51,480
Speaker 1: to itself. Right now, the gas price is at a

993
00:52:51,600 --> 00:52:54,520
Speaker 1: record high. Let's put this up there on the screen. Unfortunately,

994
00:52:54,560 --> 00:52:57,040
Speaker 1: actually went up since we made this just what five

995
00:52:57,080 --> 00:53:00,279
Speaker 1: six hours ago? Right now the triple A now national

996
00:53:00,360 --> 00:53:05,440
Speaker 1: average is four dollars three eighteen a gallon. In California

997
00:53:05,600 --> 00:53:09,279
Speaker 1: it is five dollars and sixty nine cents. I really

998
00:53:09,280 --> 00:53:12,120
Speaker 1: feel for you guys. My friend's out there in California,

999
00:53:12,400 --> 00:53:15,320
Speaker 1: I mean even in the state of Texas and oil

1000
00:53:15,400 --> 00:53:18,839
Speaker 1: producing state. It's four dollars and four cents. And then

1001
00:53:18,880 --> 00:53:21,920
Speaker 1: here in the East Coast, in Florida and in California,

1002
00:53:22,040 --> 00:53:25,759
Speaker 1: people are just getting absolutely decimated. I went ahead and

1003
00:53:25,760 --> 00:53:29,239
Speaker 1: I crunched the numbers this morning. They are up sixteen

1004
00:53:29,400 --> 00:53:33,520
Speaker 1: percent over last week, twenty four percent over last month,

1005
00:53:33,680 --> 00:53:36,160
Speaker 1: and they were already up double from what they were

1006
00:53:36,280 --> 00:53:39,160
Speaker 1: during the pandemic. So, everybody out here, you are getting

1007
00:53:39,200 --> 00:53:42,960
Speaker 1: totally hosed and totally screwed. I really am feeling for you.

1008
00:53:43,160 --> 00:53:45,400
Speaker 1: And yet the talking point has gone out from Joe Biden.

1009
00:53:45,640 --> 00:53:49,200
Speaker 1: Nothing we can do. It's even worse, actually, know, the

1010
00:53:49,320 --> 00:53:53,640
Speaker 1: high rich comedians of the high elite are telling us, hey,

1011
00:53:53,840 --> 00:53:56,880
Speaker 1: it's your patriotic duty to pay more at the pump.

1012
00:53:57,000 --> 00:53:59,680
Speaker 1: That's what we hear from Stephen Colbert. Let's take a listen.

1013
00:54:01,719 --> 00:54:03,360
Speaker 1: I'll tell you what I will never complain about. A

1014
00:54:03,360 --> 00:54:07,680
Speaker 1: destination wedding again. Russia has been hit with a series

1015
00:54:07,680 --> 00:54:10,359
Speaker 1: of crippling sanctions, and it looks like there's more to come,

1016
00:54:10,400 --> 00:54:14,000
Speaker 1: because the US and its European allies are now discussing

1017
00:54:14,080 --> 00:54:18,200
Speaker 1: banning imports of Russian oil. Take that potent. We're not

1018
00:54:18,200 --> 00:54:20,719
Speaker 1: gonna buy our gas from a war criminal. We're gonna

1019
00:54:20,719 --> 00:54:26,279
Speaker 1: buy it from the good guys Saudi Arabia, but it's

1020
00:54:26,280 --> 00:54:30,720
Speaker 1: gonna cost Since the invasion, oil prices have skyrocketed. Today,

1021
00:54:30,760 --> 00:54:33,680
Speaker 1: the average gas price in America hit an all time

1022
00:54:33,719 --> 00:54:38,040
Speaker 1: record high of over four dollars per gallon. Okay, that' stings,

1023
00:54:38,040 --> 00:54:40,759
Speaker 1: but a clean conscience is worth a buck or two.

1024
00:54:41,600 --> 00:54:50,600
Speaker 1: I'm willing to pay. It's important. It's important. I'm willing

1025
00:54:50,640 --> 00:54:53,040
Speaker 1: to pay four dollars a gallon. Hell, I'll pay fifteen

1026
00:54:53,320 --> 00:54:59,040
Speaker 1: dollars a gallon because I drive a teslah. I just

1027
00:54:59,200 --> 00:55:01,680
Speaker 1: I can't get over it. Like I know, it was

1028
00:55:01,719 --> 00:55:04,000
Speaker 1: a bit of a joke, but the message and the

1029
00:55:04,040 --> 00:55:06,879
Speaker 1: talking point now is so ubiquitous, Crystal, that it's your

1030
00:55:06,880 --> 00:55:10,000
Speaker 1: patriotic duty in order to pay more at the pump.

1031
00:55:10,000 --> 00:55:12,320
Speaker 1: And as you were saying in our previous block, look,

1032
00:55:12,600 --> 00:55:15,040
Speaker 1: maybe it'll work in the short term, but I look

1033
00:55:15,120 --> 00:55:17,919
Speaker 1: at an increase in the gas price of twenty four

1034
00:55:17,960 --> 00:55:20,880
Speaker 1: percent over just the last month. I don't think this

1035
00:55:20,880 --> 00:55:23,839
Speaker 1: can last for long. The amount of household balance sheets

1036
00:55:23,840 --> 00:55:26,400
Speaker 1: which are getting eaten here and the way that the

1037
00:55:26,440 --> 00:55:28,680
Speaker 1: administration and the Dems apparently think that they can just

1038
00:55:28,719 --> 00:55:30,879
Speaker 1: be like, oh, it's all on Putin and it's on

1039
00:55:30,960 --> 00:55:33,759
Speaker 1: you to pay more. It reminds me a lot of

1040
00:55:33,800 --> 00:55:36,360
Speaker 1: some of the early days of the coronavirus pandemic. Just

1041
00:55:36,440 --> 00:55:39,279
Speaker 1: fifteen days to slow the spread, I said, oh, just

1042
00:55:39,320 --> 00:55:42,080
Speaker 1: fifteen dollars a gallon to slow the spread. They're like, oh,

1043
00:55:42,360 --> 00:55:44,319
Speaker 1: you have to pay more. It's your duty. And at

1044
00:55:44,320 --> 00:55:46,400
Speaker 1: first people were like, Okay, I can stick with this.

1045
00:55:47,080 --> 00:55:49,480
Speaker 1: I'll stick with this. And then two months happen, and

1046
00:55:49,520 --> 00:55:51,640
Speaker 1: then three months happened. Yeah, and then the year happens.

1047
00:55:51,640 --> 00:55:53,120
Speaker 1: And by the way, this war is not going to

1048
00:55:53,200 --> 00:55:55,640
Speaker 1: end for many, many years in my opinion, which means

1049
00:55:55,680 --> 00:55:57,600
Speaker 1: that the gas price what we just have evergreen gas

1050
00:55:57,600 --> 00:56:01,400
Speaker 1: price of five dollars fifty a gallon, insanity, that's a piece.

1051
00:56:01,480 --> 00:56:07,160
Speaker 1: Is like okay, So people are persuaded right now that

1052
00:56:07,719 --> 00:56:10,560
Speaker 1: they you know, according to the polling and it's overwhelming

1053
00:56:10,600 --> 00:56:14,960
Speaker 1: and it's bipartisan. They are persuaded right now that making

1054
00:56:15,040 --> 00:56:18,440
Speaker 1: this personal sacrifice is going to matter. And the truth

1055
00:56:18,520 --> 00:56:21,640
Speaker 1: is it's not. And that's the problem is, you know,

1056
00:56:22,000 --> 00:56:25,359
Speaker 1: us paying more at the pump is not really going

1057
00:56:25,400 --> 00:56:28,520
Speaker 1: to ultimately help the Ukrainians and it is going to

1058
00:56:28,680 --> 00:56:33,360
Speaker 1: very much make the Russian people suffer. In addition, especially

1059
00:56:33,680 --> 00:56:35,960
Speaker 1: we only get a you know, small percentage of our

1060
00:56:36,760 --> 00:56:39,120
Speaker 1: oil from Russia. But if the Europeans follow suit, I mean,

1061
00:56:39,120 --> 00:56:42,719
Speaker 1: that's a whole other Yeah, So that's that's a whole

1062
00:56:42,719 --> 00:56:45,160
Speaker 1: other ballgame. And the EU is coming up with a

1063
00:56:45,200 --> 00:56:47,600
Speaker 1: plan to reduce their reliance and all of those, all

1064
00:56:47,640 --> 00:56:51,040
Speaker 1: of those things. So that's a piece. Is like when

1065
00:56:51,080 --> 00:56:54,800
Speaker 1: you're three months down the road and the Ukrainian conflict

1066
00:56:54,920 --> 00:56:58,200
Speaker 1: is still grinding on, and you're like, you told me

1067
00:56:58,320 --> 00:57:01,320
Speaker 1: that if I sucked it up in paid freaking five

1068
00:57:01,440 --> 00:57:04,640
Speaker 1: dollars a gallon, that this would matter, and it didn't.

1069
00:57:05,360 --> 00:57:08,359
Speaker 1: That's where the backlash comes in, and so you have that.

1070
00:57:08,640 --> 00:57:13,359
Speaker 1: Then on the other piece of this, the specter of

1071
00:57:13,440 --> 00:57:16,960
Speaker 1: like multi millionaires telling you it's You're like, it's no

1072
00:57:17,040 --> 00:57:20,040
Speaker 1: big deal and it's an extra dollar for the price

1073
00:57:20,040 --> 00:57:22,880
Speaker 1: of a clean conscience by getting the oil from Saudi Arabia.

1074
00:57:22,920 --> 00:57:26,640
Speaker 1: By the way, if you are at a position where

1075
00:57:26,760 --> 00:57:30,120
Speaker 1: this increase in gas prices doesn't really phase you or

1076
00:57:30,120 --> 00:57:33,080
Speaker 1: affect you whatsoever, whether you drive a tesla or not, like,

1077
00:57:33,480 --> 00:57:36,200
Speaker 1: just keep your mouth shut because it's really you don't

1078
00:57:36,240 --> 00:57:38,480
Speaker 1: get to say glad you were able to afford a tesla.

1079
00:57:38,520 --> 00:57:42,080
Speaker 1: That's actually Look, I'm genuinely happy for you. Yeah, don't

1080
00:57:42,160 --> 00:57:44,560
Speaker 1: you don't get to say for working class people, how

1081
00:57:44,600 --> 00:57:47,040
Speaker 1: this is going to affect them and whether this is

1082
00:57:47,120 --> 00:57:49,840
Speaker 1: you know, this is insanity. And I guess the one

1083
00:57:49,840 --> 00:57:51,240
Speaker 1: thing I will say is I do kind of like

1084
00:57:51,320 --> 00:57:54,800
Speaker 1: the joke because it is so revealing of this type

1085
00:57:54,800 --> 00:57:56,960
Speaker 1: of this type of mindset. I mean, he really just

1086
00:57:57,000 --> 00:57:59,320
Speaker 1: puts it all out there on the table, from the

1087
00:57:59,400 --> 00:58:02,280
Speaker 1: hipocrisy of thinking this is some morally righteous decision by

1088
00:58:02,280 --> 00:58:05,840
Speaker 1: getting more oil from Saudi, to the hypocrisy of the

1089
00:58:05,920 --> 00:58:08,160
Speaker 1: rich being like, we're all in this together, and we're like,

1090
00:58:08,360 --> 00:58:11,600
Speaker 1: this isn't affecting you at all. So just put that

1091
00:58:11,640 --> 00:58:14,040
Speaker 1: piece aside. Yeah, and just to see what it looks

1092
00:58:14,040 --> 00:58:17,000
Speaker 1: like in a non joke form. Larry Summers, you know,

1093
00:58:17,440 --> 00:58:21,960
Speaker 1: major great economist. I love this is skyping in to

1094
00:58:22,240 --> 00:58:26,480
Speaker 1: CNN from Scottsdale, Arizona, one of the richest places in

1095
00:58:26,520 --> 00:58:28,760
Speaker 1: the entire state and actually I think in the country,

1096
00:58:29,200 --> 00:58:31,560
Speaker 1: in order to tell people, look, it's your duty to

1097
00:58:31,560 --> 00:58:33,680
Speaker 1: pay more for gas. Let's take a listen. If you

1098
00:58:33,760 --> 00:58:38,200
Speaker 1: think about the sacrifices that are being made by the

1099
00:58:38,320 --> 00:58:44,040
Speaker 1: people of Ukraine. If you think about our stake in

1100
00:58:45,160 --> 00:58:54,080
Speaker 1: stopping a tyrant who is trying to expand that is

1101
00:58:54,120 --> 00:58:58,680
Speaker 1: a price that is very much worth paying. So, yeah, Scottsdale,

1102
00:58:58,720 --> 00:59:02,680
Speaker 1: Arizona Crystal, He's going ahead and said, look, five dollars

1103
00:59:02,720 --> 00:59:04,400
Speaker 1: a gallon, that's just what we have to pay compared

1104
00:59:04,400 --> 00:59:08,240
Speaker 1: to the Ukrainians. Nobody is denying the suffering of the

1105
00:59:08,360 --> 00:59:11,680
Speaker 1: Ukrainian people, but we are also not Ukrainian. Okay, that

1106
00:59:11,720 --> 00:59:13,600
Speaker 1: doesn't mean that we have to sit here and suffer

1107
00:59:13,800 --> 00:59:17,800
Speaker 1: for five dollars a gallon in gas for years and years.

1108
00:59:18,120 --> 00:59:20,400
Speaker 1: And if you take a look at the inflation numbers

1109
00:59:20,400 --> 00:59:23,040
Speaker 1: which we're about to get to in the economy block,

1110
00:59:23,280 --> 00:59:27,080
Speaker 1: while people's household finances are hand to mouth and paycheck

1111
00:59:27,120 --> 00:59:32,200
Speaker 1: to paycheck are decimated increasing right now highest inflation that

1112
00:59:32,240 --> 00:59:35,200
Speaker 1: we've had in forty years. Fuel oil and gas are

1113
00:59:35,240 --> 00:59:38,280
Speaker 1: two of the highest areas that we've had inflation in

1114
00:59:38,320 --> 00:59:41,800
Speaker 1: this country. And there is no you know, expectation or

1115
00:59:41,880 --> 00:59:44,520
Speaker 1: chance right now that anything is going to happen. And

1116
00:59:44,560 --> 00:59:47,480
Speaker 1: here's the thing is, you know, this is what frustrates

1117
00:59:47,520 --> 00:59:49,920
Speaker 1: me so much, is you do have this really noble

1118
00:59:49,960 --> 00:59:52,800
Speaker 1: sentiment among the American public of like, yeah, the American

1119
00:59:52,840 --> 00:59:55,200
Speaker 1: people are good people. Yeah, they're good. They want to

1120
00:59:55,280 --> 00:59:59,440
Speaker 1: do something, and they're even willing to suffer personal financial

1121
00:59:59,680 --> 01:00:03,240
Speaker 1: loss in order to do something. But you're leading them

1122
01:00:03,320 --> 01:00:07,880
Speaker 1: down this pathway of a policy that isn't actually going

1123
01:00:07,920 --> 01:00:11,800
Speaker 1: to accomplish what It's just pain for no reason. And

1124
01:00:11,880 --> 01:00:15,160
Speaker 1: so that's the piece of this that just drives me crazy,

1125
01:00:15,400 --> 01:00:19,520
Speaker 1: is you're using the noble sentiment of American people and

1126
01:00:19,600 --> 01:00:23,800
Speaker 1: asking them to suffer on a policy that is potentially

1127
01:00:23,840 --> 01:00:27,560
Speaker 1: even going to lead to a backlash that pushes us

1128
01:00:27,640 --> 01:00:32,000
Speaker 1: away from the result of peace that we ultimately want here.

1129
01:00:32,080 --> 01:00:36,160
Speaker 1: So that's why I find this whole narrative so incredibly disgusting,

1130
01:00:36,280 --> 01:00:38,200
Speaker 1: and I think this is a great transition to what

1131
01:00:38,240 --> 01:00:40,600
Speaker 1: we wanted to talk about next, which is what is

1132
01:00:40,640 --> 01:00:44,680
Speaker 1: the financial economic landscape for Americans right now heading into

1133
01:00:44,720 --> 01:00:48,720
Speaker 1: this era of five dollars gas prices, And we just

1134
01:00:48,760 --> 01:00:52,800
Speaker 1: got the numbers that inflation is expected to hit a

1135
01:00:52,920 --> 01:00:57,560
Speaker 1: four decade high of seven point nine percent. Those are

1136
01:00:57,560 --> 01:01:01,120
Speaker 1: the latest numbers. That doesn't even reflected the oil and

1137
01:01:01,160 --> 01:01:04,479
Speaker 1: gas spikes of the past week. That's going to cause

1138
01:01:04,480 --> 01:01:09,000
Speaker 1: inflation to spike even higher. Obviously, we've had wage growth,

1139
01:01:09,040 --> 01:01:12,760
Speaker 1: but it has been completely eaten up and caused American

1140
01:01:12,800 --> 01:01:16,720
Speaker 1: workers to go even backwards with these high inflation numbers

1141
01:01:16,720 --> 01:01:20,320
Speaker 1: that continue to persist. So that's sort of the backdrop.

1142
01:01:20,400 --> 01:01:22,240
Speaker 1: Let's go ahead and put this other piece up on

1143
01:01:22,280 --> 01:01:24,880
Speaker 1: the screen, which is numbers we already had. So at

1144
01:01:24,880 --> 01:01:28,520
Speaker 1: the beginning of twenty twenty two, sixty four percent of

1145
01:01:28,560 --> 01:01:32,360
Speaker 1: the US population is now leaving paycheck to paycheck. That

1146
01:01:32,480 --> 01:01:35,120
Speaker 1: is an increase from where we were in December, which

1147
01:01:35,160 --> 01:01:37,880
Speaker 1: when it was at sixty one percent, and we're almost

1148
01:01:37,920 --> 01:01:40,440
Speaker 1: back to the highs of twenty twenty, when it was

1149
01:01:40,480 --> 01:01:44,080
Speaker 1: sixty five percent. That's according to a Lending Club report.

1150
01:01:44,440 --> 01:01:47,600
Speaker 1: And because costs have gone up so dramatically, you have

1151
01:01:47,680 --> 01:01:50,600
Speaker 1: Americans now saying that they need to be making about

1152
01:01:50,600 --> 01:01:53,439
Speaker 1: one hundred and twenty two thousand dollars a year that's

1153
01:01:53,480 --> 01:01:57,040
Speaker 1: more than double the current national average salary to feel

1154
01:01:57,080 --> 01:02:00,400
Speaker 1: like they are at all financially secure. And that, of course,

1155
01:02:00,520 --> 01:02:04,760
Speaker 1: you know that's in the country at large. Just imagine

1156
01:02:04,760 --> 01:02:06,920
Speaker 1: if you're living in a high cost city like San

1157
01:02:06,920 --> 01:02:10,920
Speaker 1: Francisco or DC or New York or Chicago, how much

1158
01:02:11,080 --> 01:02:15,000
Speaker 1: you would need to make to feel like I'm stable.

1159
01:02:15,080 --> 01:02:18,800
Speaker 1: I'm not precarious. I'm gonna be okay. So that's why these,

1160
01:02:19,640 --> 01:02:23,640
Speaker 1: you know, these gas price shocks are such a body

1161
01:02:23,680 --> 01:02:27,280
Speaker 1: blow to the working class because they're already so stretched that,

1162
01:02:27,400 --> 01:02:30,280
Speaker 1: I mean, all of the pandemic supports are long gone.

1163
01:02:30,760 --> 01:02:34,000
Speaker 1: There's no talk of doing anything that's going to materially

1164
01:02:34,120 --> 01:02:38,120
Speaker 1: financially benefit the American people right now. The Biden administration

1165
01:02:38,240 --> 01:02:40,160
Speaker 1: is trying to spin like, oh, We're getting all these

1166
01:02:40,440 --> 01:02:43,120
Speaker 1: new jobs, and people are saying yeah, but the new

1167
01:02:43,200 --> 01:02:45,680
Speaker 1: jobs still don't pay enough for me to be able

1168
01:02:45,720 --> 01:02:48,320
Speaker 1: to deal with these price hikes, and I'm falling further

1169
01:02:48,400 --> 01:02:51,320
Speaker 1: and further behind. So it's a pretty grim landscape right now.

1170
01:02:51,360 --> 01:02:53,000
Speaker 1: Oh it's very grim. And I'm looking some of these

1171
01:02:53,000 --> 01:02:55,240
Speaker 1: inflation numbers. Some of these are the highest price that

1172
01:02:55,320 --> 01:02:58,440
Speaker 1: increases ever recorded by the BLS. This is from Heather Long.

1173
01:02:58,480 --> 01:02:59,840
Speaker 1: All of this is breaking this morning, so we don't

1174
01:02:59,840 --> 01:03:03,200
Speaker 1: have elements here, but hotels up twenty nine percent, furniture

1175
01:03:03,280 --> 01:03:06,640
Speaker 1: up seventeen percent, chicken thirteen percent, new cars and trucks

1176
01:03:06,640 --> 01:03:10,640
Speaker 1: twelve percent, flooring eleven percent, lunch meet eleven dry cleaning

1177
01:03:10,720 --> 01:03:14,440
Speaker 1: ten percent, tools eight percent, baby food eight point four percent.

1178
01:03:14,480 --> 01:03:16,440
Speaker 1: That's a bad one in particular for new moms. Ye,

1179
01:03:16,840 --> 01:03:20,320
Speaker 1: full service restaurants seven point five percent, pet supplies seven

1180
01:03:20,320 --> 01:03:23,640
Speaker 1: and a half percent, toys six percent, and car repair

1181
01:03:23,880 --> 01:03:26,640
Speaker 1: six percent as well. So the hotel figure. Obviously, we

1182
01:03:26,680 --> 01:03:28,600
Speaker 1: still see the demand shock in the areas which were

1183
01:03:28,600 --> 01:03:31,440
Speaker 1: super low during COVID and now month. But Jeff Stein

1184
01:03:31,480 --> 01:03:34,120
Speaker 1: points us out this is the most depressing one. Your

1185
01:03:34,160 --> 01:03:36,360
Speaker 1: wages are just never going to keep pace with a

1186
01:03:36,400 --> 01:03:39,280
Speaker 1: point eight percent monthly cost increase right now, it is

1187
01:03:39,320 --> 01:03:43,640
Speaker 1: the equivalent of everyone getting a minus ten percent raise

1188
01:03:43,960 --> 01:03:46,400
Speaker 1: year over year. Just think about that, people who are

1189
01:03:46,400 --> 01:03:50,000
Speaker 1: already struggling. Wages down ten percent for most people over

1190
01:03:50,040 --> 01:03:52,919
Speaker 1: the year. The highest inflation seems in nineteen eighty two,

1191
01:03:53,240 --> 01:03:56,280
Speaker 1: a forty year high. Variety of reasons as to exactly

1192
01:03:56,520 --> 01:03:59,480
Speaker 1: why that's happening, but it's a disaster. I don't think

1193
01:03:59,480 --> 01:04:01,640
Speaker 1: there's any other way to describe it. And we're seeing

1194
01:04:01,720 --> 01:04:03,640
Speaker 1: some signs of slow down. Let's put this next one

1195
01:04:03,720 --> 01:04:05,760
Speaker 1: up there on the screen. In terms of the Great

1196
01:04:05,800 --> 01:04:08,480
Speaker 1: Resignation which we were chairing here, the quit rate has

1197
01:04:08,520 --> 01:04:11,120
Speaker 1: ticked down for the first time in the year. Obviously,

1198
01:04:11,160 --> 01:04:13,360
Speaker 1: it's still at a record high. But the moment you

1199
01:04:13,360 --> 01:04:16,000
Speaker 1: start to see the quit rate go down, the labor market,

1200
01:04:16,040 --> 01:04:19,000
Speaker 1: which was so hot and so great there for working

1201
01:04:19,000 --> 01:04:21,600
Speaker 1: class people in order to have a job and an

1202
01:04:21,680 --> 01:04:24,880
Speaker 1: opening and bargain for more wages. Stuff is starting to

1203
01:04:24,880 --> 01:04:28,440
Speaker 1: go down unfortunately. So look, hopefully it's just a blip,

1204
01:04:28,680 --> 01:04:31,800
Speaker 1: but we have to note it the economic signs. It's

1205
01:04:31,880 --> 01:04:36,120
Speaker 1: really bad. Yeah, this is nineteen seventies level bad right now. Yeah, No,

1206
01:04:36,280 --> 01:04:40,800
Speaker 1: I mean there is no way around looking at this landscape.

1207
01:04:40,880 --> 01:04:43,959
Speaker 1: And the takeaway is it's just getting worse and worse

1208
01:04:44,000 --> 01:04:47,920
Speaker 1: for people who have suffered from wage dignation for decades now,

1209
01:04:48,200 --> 01:04:49,680
Speaker 1: and now the minute that you felt like, oh the

1210
01:04:49,720 --> 01:04:51,680
Speaker 1: economy is getting back on try and creating all these

1211
01:04:51,760 --> 01:04:54,800
Speaker 1: jobs and there's this great resignation happening. People who are

1212
01:04:54,800 --> 01:04:57,640
Speaker 1: going to new jobs, they're getting higher wages, but it's

1213
01:04:57,680 --> 01:05:02,440
Speaker 1: all just immediately sucked down buy food, rent, gas prices

1214
01:05:02,480 --> 01:05:05,920
Speaker 1: and everything else. The one Okay, so we've got some

1215
01:05:06,000 --> 01:05:08,200
Speaker 1: bad news on the Starbucks front, some very bad news

1216
01:05:08,200 --> 01:05:10,000
Speaker 1: on the Starbucks front, and then some very good news

1217
01:05:10,040 --> 01:05:14,120
Speaker 1: on the Starbucks organizing front. Because this is where, you know,

1218
01:05:14,480 --> 01:05:16,760
Speaker 1: this is where the greatest rays of hope are in

1219
01:05:16,840 --> 01:05:21,120
Speaker 1: terms of reorienting our economy towards the working class. This

1220
01:05:21,160 --> 01:05:23,040
Speaker 1: is where the greatest rays of hope are in terms

1221
01:05:23,120 --> 01:05:24,880
Speaker 1: of you know, at the same time that workers are

1222
01:05:24,920 --> 01:05:28,840
Speaker 1: having their wages lowered, you have corporations making all time

1223
01:05:28,840 --> 01:05:32,880
Speaker 1: record high profits, so they could afford to have you

1224
01:05:33,000 --> 01:05:36,240
Speaker 1: keep pace with inflation, and then some they're just not

1225
01:05:36,400 --> 01:05:39,640
Speaker 1: doing it. So that's why these union fights and organizing

1226
01:05:39,760 --> 01:05:42,840
Speaker 1: is so incredibly important how to have account of violence

1227
01:05:43,240 --> 01:05:47,160
Speaker 1: in our economy. So Starbucks, of course, we've been tracking

1228
01:05:47,200 --> 01:05:51,919
Speaker 1: how they're facing a massive unionization effort coast to coast.

1229
01:05:52,040 --> 01:05:53,720
Speaker 1: There are some wins that I want to report in

1230
01:05:53,760 --> 01:05:56,640
Speaker 1: just a moment, but we're also getting a look at

1231
01:05:56,720 --> 01:06:00,600
Speaker 1: just how aggressive and nasty their tactics are. Go ahead

1232
01:06:00,640 --> 01:06:04,200
Speaker 1: and throw this up on the screen. So Danny Rojas,

1233
01:06:04,400 --> 01:06:07,440
Speaker 1: who we had we featured here on Breaking Points, who

1234
01:06:07,480 --> 01:06:13,520
Speaker 1: was a wonderful advocate and labor organizer at Starbucks. They

1235
01:06:13,760 --> 01:06:19,320
Speaker 1: fired Danny, and the pretext here is really ridiculous. Course,

1236
01:06:19,400 --> 01:06:22,160
Speaker 1: apparently they were twenty six minutes late to a five

1237
01:06:22,240 --> 01:06:25,520
Speaker 1: thirty am shift because they had trouble with their car.

1238
01:06:26,000 --> 01:06:28,800
Speaker 1: They then, you know, went above and beyond to make

1239
01:06:28,840 --> 01:06:30,720
Speaker 1: sure this was never going to happen again, to the

1240
01:06:30,800 --> 01:06:33,240
Speaker 1: point of, because Danny works two jobs, also works at

1241
01:06:33,240 --> 01:06:37,920
Speaker 1: Trader Joe's and closes, they shifted Danny's schedule so that

1242
01:06:38,240 --> 01:06:40,680
Speaker 1: they were supposed to then come in for store opening

1243
01:06:40,720 --> 01:06:43,240
Speaker 1: at five thirty am. That means that Danny was getting

1244
01:06:43,280 --> 01:06:45,240
Speaker 1: like a few hours of sleep, and in spite of that,

1245
01:06:45,520 --> 01:06:49,120
Speaker 1: because of the car issue, Danny had come early, slept

1246
01:06:49,160 --> 01:06:51,160
Speaker 1: for an hour in the Starbucks parking lot just to

1247
01:06:51,240 --> 01:06:53,240
Speaker 1: make sure I'm on time and I'm doing what I'm

1248
01:06:53,240 --> 01:06:58,200
Speaker 1: supposed to do, and they still fired them. So this

1249
01:06:58,400 --> 01:07:00,320
Speaker 1: is you know, we've seen this is It's not the

1250
01:07:00,360 --> 01:07:03,640
Speaker 1: first time they've fired one of the key Starbucks organizers

1251
01:07:03,680 --> 01:07:07,720
Speaker 1: of these unionization drives. They're clearly trying to send a

1252
01:07:07,720 --> 01:07:10,720
Speaker 1: message here and put a chill in anyone else who

1253
01:07:10,800 --> 01:07:13,800
Speaker 1: was thinking of organizing at their store. But the good

1254
01:07:13,840 --> 01:07:16,920
Speaker 1: news is that their tactics don't seem to be working.

1255
01:07:17,320 --> 01:07:18,840
Speaker 1: We had let's go ahead and put the next piece

1256
01:07:18,920 --> 01:07:22,439
Speaker 1: up on the screen. Just yesterday there were three more

1257
01:07:22,480 --> 01:07:27,760
Speaker 1: ballot counts at three different Buffalo area stores, and all

1258
01:07:27,840 --> 01:07:32,240
Speaker 1: three of them went in favor of the union. So

1259
01:07:32,320 --> 01:07:35,400
Speaker 1: you now have about one hundred and twenty more Starbucks

1260
01:07:35,440 --> 01:07:39,400
Speaker 1: workers who have union representation. The union has gone six

1261
01:07:39,520 --> 01:07:43,040
Speaker 1: out of seven in terms of store elections, and there

1262
01:07:43,120 --> 01:07:46,520
Speaker 1: are about I think one hundred and twenty plus more

1263
01:07:46,680 --> 01:07:50,919
Speaker 1: elections that are scheduled at Starbucks across the country. This

1264
01:07:50,960 --> 01:07:55,280
Speaker 1: is a sea change for any number of reasons. Starbucks

1265
01:07:55,280 --> 01:07:58,680
Speaker 1: before this union drive has never had an American shop

1266
01:07:58,800 --> 01:08:02,080
Speaker 1: that was union. Now they have six in a very

1267
01:08:02,120 --> 01:08:04,960
Speaker 1: short time period, and you really have this sort of

1268
01:08:05,080 --> 01:08:08,320
Speaker 1: ripple effect and this domino effect. It's also one of

1269
01:08:08,360 --> 01:08:12,320
Speaker 1: the most difficult industries to organize is in like the

1270
01:08:12,440 --> 01:08:17,400
Speaker 1: service sector, you know, fast food type workplaces, because turnover

1271
01:08:17,640 --> 01:08:20,800
Speaker 1: is really high, and you know, you're just talking about

1272
01:08:20,800 --> 01:08:22,879
Speaker 1: one story at a time, so you've got to mobilize

1273
01:08:22,920 --> 01:08:25,559
Speaker 1: in all of these different locations. They are beating the

1274
01:08:25,560 --> 01:08:29,160
Speaker 1: odds in an extraordinary way. Yeah, no, it's really extraordinary,

1275
01:08:29,240 --> 01:08:31,000
Speaker 1: and obviously that's the only bride side that we can

1276
01:08:31,120 --> 01:08:34,720
Speaker 1: kind of shine. Look, as you said, previously, periods of

1277
01:08:34,760 --> 01:08:38,639
Speaker 1: high inflation post night World War two, for example, crazy

1278
01:08:38,720 --> 01:08:42,439
Speaker 1: labor market, people coming back, union strikes. There was a

1279
01:08:42,479 --> 01:08:45,000
Speaker 1: lot of settlement, like we just fought this great war,

1280
01:08:45,080 --> 01:08:47,920
Speaker 1: what is our society going to be about it's shuck out, okay,

1281
01:08:48,240 --> 01:08:52,280
Speaker 1: in the nineteen fifties, So look, hopefully that's a period

1282
01:08:52,280 --> 01:08:55,080
Speaker 1: of transition that we're in. That being said, it's not

1283
01:08:55,200 --> 01:08:57,920
Speaker 1: fun to live through periods of great change in the

1284
01:08:58,040 --> 01:09:01,320
Speaker 1: US economy and great change and oil and all that.

1285
01:09:01,760 --> 01:09:04,800
Speaker 1: When balance and the good times come, let's at least

1286
01:09:04,840 --> 01:09:07,120
Speaker 1: remember what it was like during this. So yeah, I

1287
01:09:07,200 --> 01:09:09,400
Speaker 1: feel a lot of time. I feel so bad for

1288
01:09:09,439 --> 01:09:12,559
Speaker 1: so many, so many, these people who are already suffering poor.

1289
01:09:12,640 --> 01:09:14,080
Speaker 1: It's every time I go fill up my tank, I

1290
01:09:14,080 --> 01:09:15,840
Speaker 1: can hear people talking about it, or at the grocery

1291
01:09:15,840 --> 01:09:18,439
Speaker 1: store too. Oh my god, I can't believe they were like,

1292
01:09:18,479 --> 01:09:21,360
Speaker 1: it costs as much here. You know, some friends I

1293
01:09:21,479 --> 01:09:23,880
Speaker 1: was talking to at the gym. Everyone takes a guess

1294
01:09:23,920 --> 01:09:26,040
Speaker 1: before they check out at the grocery store, and they

1295
01:09:26,080 --> 01:09:29,760
Speaker 1: almost always are undercounting what the eventual bill is to

1296
01:09:29,960 --> 01:09:32,360
Speaker 1: fifty three hundred. You know, for a lot of people

1297
01:09:32,360 --> 01:09:34,000
Speaker 1: out there. If you have to feed a family, that's

1298
01:09:34,080 --> 01:09:37,120
Speaker 1: real tough on a weekly basis. Right, I'm thinking about

1299
01:09:37,160 --> 01:09:39,080
Speaker 1: all of you right now. Okay, let's go ahead and

1300
01:09:39,080 --> 01:09:40,840
Speaker 1: move on to this one. It's our fun block, the

1301
01:09:40,880 --> 01:09:45,280
Speaker 1: media block, we've got a shoehorn. Something lighthearted in the show, right.

1302
01:09:45,600 --> 01:09:48,920
Speaker 1: This one is New York Times reporter Matthew Rosenberg. He

1303
01:09:49,080 --> 01:09:53,080
Speaker 1: was talked to by an undercover project Veritas operative I

1304
01:09:53,120 --> 01:09:56,120
Speaker 1: guess you would call them, gave his unfiltered thoughts on

1305
01:09:56,200 --> 01:09:59,160
Speaker 1: January sixth on the New York Times and so much more.

1306
01:09:59,360 --> 01:10:02,040
Speaker 1: Let's take a look, said, I think you can tell

1307
01:10:02,120 --> 01:10:03,880
Speaker 1: about how much tom we had. I'm trying to read.

1308
01:10:05,439 --> 01:10:08,320
Speaker 1: Are you how to have that much fun on every morning?

1309
01:10:09,400 --> 01:10:24,000
Speaker 1: So traumatized? But like all, it's really the vibe from them.

1310
01:10:24,000 --> 01:10:25,439
Speaker 1: It's not the kind of places I can say tusting

1311
01:10:25,560 --> 01:10:27,840
Speaker 1: a man up, but I kind of water. You're like, dude,

1312
01:10:27,840 --> 01:10:31,800
Speaker 1: come on like you We're not in any game, little

1313
01:10:31,960 --> 01:10:36,639
Speaker 1: little dweeds. How we keep going on about this? Something enough?

1314
01:10:36,880 --> 01:10:39,160
Speaker 1: I guess it was scarier. Did the right about it?

1315
01:10:40,439 --> 01:10:42,840
Speaker 1: Oh God, please tell me second reading. I don't know

1316
01:10:42,840 --> 01:10:45,040
Speaker 1: if they were about their trying. It's chicken Emily Copper,

1317
01:10:45,160 --> 01:10:49,439
Speaker 1: and it's guy Nick Fan there twenty fans they covered.

1318
01:10:49,880 --> 01:10:55,120
Speaker 1: Doesn't know where they covered elsewhere? Is that the less

1319
01:10:55,160 --> 01:10:57,679
Speaker 1: of a reaction, the less reaction to it. In some places,

1320
01:10:57,720 --> 01:11:01,360
Speaker 1: we're so over the top that it gave the opening

1321
01:11:01,520 --> 01:11:03,560
Speaker 1: the right nier to start introducing the idea of what

1322
01:11:04,040 --> 01:11:06,479
Speaker 1: these people out of control. It's not a big deals

1323
01:11:06,479 --> 01:11:08,760
Speaker 1: were making it. They weren't making too good and they

1324
01:11:08,760 --> 01:11:12,120
Speaker 1: were making some organized thing that it was, and that

1325
01:11:12,240 --> 01:11:13,880
Speaker 1: gave the opening for the allusions to the right and

1326
01:11:13,920 --> 01:11:16,000
Speaker 1: be like, oh, you're not gonna happened here. It was

1327
01:11:16,000 --> 01:11:17,960
Speaker 1: just a peaceful a bunch of tents, you know, and

1328
01:11:18,439 --> 01:11:21,639
Speaker 1: it's like this, but nobody else here. We're the ones,

1329
01:11:22,080 --> 01:11:25,320
Speaker 1: not time my Mark who actually went and uncovered the

1330
01:11:25,400 --> 01:11:27,839
Speaker 1: fact that like there were a ton of FBI informats

1331
01:11:27,880 --> 01:11:31,840
Speaker 1: on the people who are attacking happen that was us,

1332
01:11:31,880 --> 01:11:34,160
Speaker 1: not the right one that you need the sources then

1333
01:11:34,360 --> 01:11:37,120
Speaker 1: dig into those lass. You need the sources from within

1334
01:11:37,160 --> 01:11:40,240
Speaker 1: to dig into those boys. But it's especially over the year,

1335
01:11:40,280 --> 01:11:42,639
Speaker 1: I have to say, it was like if you work there,

1336
01:11:42,800 --> 01:11:45,040
Speaker 1: you get progressed every year and you're asked if you

1337
01:11:45,040 --> 01:11:47,720
Speaker 1: stole to report your answers everything. But no, you're in

1338
01:11:47,760 --> 01:11:50,320
Speaker 1: a good trouble job and talk and a former people

1339
01:11:50,439 --> 01:11:54,160
Speaker 1: they're talking to me who are still You're also talking

1340
01:11:54,200 --> 01:11:56,559
Speaker 1: about people who are recently laughed. You were still talking

1341
01:11:56,600 --> 01:11:58,439
Speaker 1: to people on the inside. The people are the inst

1342
01:11:58,560 --> 01:12:02,880
Speaker 1: I talking about. So mister Rosenberg then sat down with

1343
01:12:02,960 --> 01:12:05,839
Speaker 1: James O'Keefe. They posted this video on their YouTube channel.

1344
01:12:06,560 --> 01:12:10,520
Speaker 1: The Rosenberg told him, I absolutely stand by my comments

1345
01:12:10,560 --> 01:12:13,840
Speaker 1: made wow on the video. I per pieces. Sorry, Yeah,

1346
01:12:13,880 --> 01:12:15,840
Speaker 1: so I went ahead and check to make sure to

1347
01:12:15,840 --> 01:12:18,479
Speaker 1: see what he had gone and said about it. I

1348
01:12:18,520 --> 01:12:20,800
Speaker 1: think there's a couple of interesting things that come out

1349
01:12:20,840 --> 01:12:25,080
Speaker 1: of this, right number one trashing his own colleagues. It's

1350
01:12:25,120 --> 01:12:27,600
Speaker 1: just funny because there are so many people like that

1351
01:12:28,080 --> 01:12:32,000
Speaker 1: who feel the exact same way, and they're terrified of

1352
01:12:32,040 --> 01:12:35,760
Speaker 1: speaking out loud, especially against these young twenty somethings. He's like,

1353
01:12:35,800 --> 01:12:38,519
Speaker 1: cry me a freaking river. January sixth, Look, I mean

1354
01:12:38,560 --> 01:12:40,680
Speaker 1: it's nothing you say. You and I don't say all

1355
01:12:40,720 --> 01:12:42,760
Speaker 1: the time. But hear bit about their work colleagues when

1356
01:12:42,760 --> 01:12:44,600
Speaker 1: they think no one's listening all the time. That's right,

1357
01:12:44,840 --> 01:12:46,960
Speaker 1: And I hear the same complaint from a lot of

1358
01:12:46,960 --> 01:12:49,000
Speaker 1: people in the mainstream media, at least the ones who

1359
01:12:49,040 --> 01:12:51,080
Speaker 1: will still talk to me and who are like, God,

1360
01:12:51,080 --> 01:12:53,200
Speaker 1: you wouldn't believe what it's like on the inside here.

1361
01:12:53,400 --> 01:12:55,160
Speaker 1: The slack of these people are idiots. They are out

1362
01:12:55,160 --> 01:12:57,240
Speaker 1: of control. But everyone's afraid, and that's what it looks

1363
01:12:57,320 --> 01:13:01,559
Speaker 1: like whenever it's unfiltered. In terms of Rosenberg himself, the

1364
01:13:01,680 --> 01:13:04,960
Speaker 1: very interesting comment there was about the undercover FBI agents.

1365
01:13:05,080 --> 01:13:08,479
Speaker 1: You know, Rosenberg was very well sourced Justice Department. Reporter

1366
01:13:08,520 --> 01:13:10,799
Speaker 1: at the New York Times followed him a lot throughout

1367
01:13:10,920 --> 01:13:13,120
Speaker 1: the Trump years, and I always got the feeling that

1368
01:13:13,200 --> 01:13:16,920
Speaker 1: he wasn't one of those complete, you know, Russia Gate fanatics.

1369
01:13:16,960 --> 01:13:20,000
Speaker 1: And it's funny whenever it came out, I was like, man,

1370
01:13:20,040 --> 01:13:23,559
Speaker 1: I know this guy because what we recently talked about

1371
01:13:23,600 --> 01:13:25,160
Speaker 1: was this tweet of his. Let's put it up there

1372
01:13:25,200 --> 01:13:28,680
Speaker 1: on the screen. He said, Joe Rogan is what he is.

1373
01:13:28,920 --> 01:13:31,080
Speaker 1: We in the media might want to spend more time

1374
01:13:31,080 --> 01:13:34,240
Speaker 1: thinking about why so many people trust him instead of us,

1375
01:13:34,439 --> 01:13:38,799
Speaker 1: which actually got his colleague Nicole Hannah Jones to be like, really,

1376
01:13:39,000 --> 01:13:42,000
Speaker 1: it's not an accident to see why racism is popular.

1377
01:13:42,120 --> 01:13:45,519
Speaker 1: So that's what he's dealing with at his workplace. I

1378
01:13:45,560 --> 01:13:47,680
Speaker 1: guess a couple of things to say about this. He

1379
01:13:47,720 --> 01:13:50,200
Speaker 1: said he stands by it, so a props to him

1380
01:13:50,800 --> 01:13:53,360
Speaker 1: shows you the what the real feeling is by some

1381
01:13:53,400 --> 01:13:56,360
Speaker 1: of the vets inside of these newsrooms with the inmates

1382
01:13:56,439 --> 01:13:59,840
Speaker 1: running the asylum. And then of course the news is

1383
01:14:00,200 --> 01:14:04,200
Speaker 1: about the undercover FBI agents involved on January sixth. Yeah,

1384
01:14:04,200 --> 01:14:07,439
Speaker 1: three different things. Not do you see anything else about that?

1385
01:14:07,520 --> 01:14:09,880
Speaker 1: Do you know? In the follow up, I watched the

1386
01:14:10,360 --> 01:14:15,280
Speaker 1: because the because the reporting that he's referencing there, I

1387
01:14:15,320 --> 01:14:19,679
Speaker 1: think only pointed out one FBI informant. So that's where

1388
01:14:19,680 --> 01:14:21,800
Speaker 1: it raises questions of like does he know a little

1389
01:14:21,840 --> 01:14:24,120
Speaker 1: bit more than what they were able to actually like

1390
01:14:24,600 --> 01:14:28,080
Speaker 1: you know, report out for an official story. That's where

1391
01:14:28,120 --> 01:14:30,920
Speaker 1: the big questions come in. But I mean he also

1392
01:14:31,160 --> 01:14:34,720
Speaker 1: I think accurately diagnoses what happened in the political landscape,

1393
01:14:34,720 --> 01:14:39,240
Speaker 1: which is because democrats and like the like sort of

1394
01:14:39,280 --> 01:14:44,040
Speaker 1: left liberals went so in on January sixth, and you know,

1395
01:14:44,920 --> 01:14:47,400
Speaker 1: made it even blew it up beyond the you know,

1396
01:14:47,560 --> 01:14:50,600
Speaker 1: terrible day that it actually was. That did create this

1397
01:14:50,760 --> 01:14:54,280
Speaker 1: opening for a completely bad faith narrative on the right

1398
01:14:54,479 --> 01:14:56,719
Speaker 1: to take hold of like this was nothing, it was fine,

1399
01:14:56,720 --> 01:14:59,680
Speaker 1: they're just taurus and you know this was actually a

1400
01:14:59,680 --> 01:15:02,360
Speaker 1: great okay, yeah, or it was it was a total

1401
01:15:02,439 --> 01:15:05,240
Speaker 1: false flag. All this, you know, it did sort of

1402
01:15:05,240 --> 01:15:07,800
Speaker 1: like open the door for that, and listen, the right

1403
01:15:07,800 --> 01:15:09,960
Speaker 1: wing knows what to do with that all day long.

1404
01:15:10,479 --> 01:15:15,120
Speaker 1: So his assessment to me seemed very accurate of the

1405
01:15:15,280 --> 01:15:20,280
Speaker 1: entire situation and not entirely flattering to the right either. Right,

1406
01:15:20,360 --> 01:15:24,320
Speaker 1: it was not flattering to people who especially the reporters

1407
01:15:24,360 --> 01:15:26,400
Speaker 1: who like made it about themselves and their trauma on

1408
01:15:26,479 --> 01:15:30,000
Speaker 1: that day, but also not flattering to the people who

1409
01:15:30,080 --> 01:15:32,400
Speaker 1: ran with the narrative on the other side. I still see.

1410
01:15:32,439 --> 01:15:33,960
Speaker 1: I thought it was I thought it was a pretty good,

1411
01:15:34,240 --> 01:15:36,720
Speaker 1: pretty good analysis all over. Yeah, I used right. I

1412
01:15:37,280 --> 01:15:39,320
Speaker 1: agree with everything he said. Thank you for saying it

1413
01:15:39,320 --> 01:15:41,599
Speaker 1: out loud, Matt. I hope that you continue to speak out.

1414
01:15:41,760 --> 01:15:44,639
Speaker 1: I appreciate that. I didn't know that he was like, yeah,

1415
01:15:44,720 --> 01:15:48,120
Speaker 1: I said that. Yeah, he was like, absolutely, I stand

1416
01:15:48,120 --> 01:15:49,800
Speaker 1: by it. And then he was like, look, man, you

1417
01:15:49,880 --> 01:15:52,000
Speaker 1: got me talking shit in a bar. If you think

1418
01:15:52,040 --> 01:15:54,160
Speaker 1: that's news, it is what it is. And then he

1419
01:15:54,200 --> 01:15:56,200
Speaker 1: got up and he walked out. And in terms of

1420
01:15:56,200 --> 01:15:58,800
Speaker 1: his interview with James O'Keefe, I have no doubt that

1421
01:15:58,840 --> 01:16:01,960
Speaker 1: he probably will have some problems in his workplace with

1422
01:16:02,040 --> 01:16:04,640
Speaker 1: some fake boycotts. But Matt, I mean, you have a

1423
01:16:05,160 --> 01:16:08,040
Speaker 1: you are welcome on this show at any time in

1424
01:16:08,160 --> 01:16:10,719
Speaker 1: order to talk about what happened, also to talk about

1425
01:16:10,720 --> 01:16:13,280
Speaker 1: some of the FEDS who were involved on January sixth,

1426
01:16:13,479 --> 01:16:17,120
Speaker 1: and anything else that you want. So it's an open invitation. Yeah, absolutely,

1427
01:16:17,160 --> 01:16:18,960
Speaker 1: that would be fun to I would love to interview it.

1428
01:16:18,960 --> 01:16:22,040
Speaker 1: I doubt you'll probably I do. I mean the part

1429
01:16:22,080 --> 01:16:24,720
Speaker 1: I feel bad about is, like, like I said, so

1430
01:16:24,800 --> 01:16:27,080
Speaker 1: many people talk about their work, colleague. Yeah, I feel

1431
01:16:27,080 --> 01:16:29,200
Speaker 1: bad for the guy. I feel I feel bad that

1432
01:16:29,200 --> 01:16:32,479
Speaker 1: that part came out, both for him and for them.

1433
01:16:32,600 --> 01:16:34,840
Speaker 1: You know, you're saying something privately at a bar or

1434
01:16:34,880 --> 01:16:36,759
Speaker 1: that he probably didn't want to put them on blast

1435
01:16:36,800 --> 01:16:40,080
Speaker 1: in like such a public way. But whatever, It's amusing

1436
01:16:41,040 --> 01:16:43,400
Speaker 1: in order to see it, but it is newsworthy, I think,

1437
01:16:43,439 --> 01:16:45,360
Speaker 1: in order to see what the thinking inside of these

1438
01:16:45,360 --> 01:16:50,519
Speaker 1: top institutions are. So there you go, all right, Tago,

1439
01:16:50,560 --> 01:16:52,559
Speaker 1: what are you looking at? Well? A constant throughout our

1440
01:16:52,600 --> 01:16:54,760
Speaker 1: State of the Union coverage from Kyle to Crystal to

1441
01:16:54,840 --> 01:16:58,320
Speaker 1: Marshall to myself was this Biden needs to connect the

1442
01:16:58,360 --> 01:17:01,679
Speaker 1: struggles of today, from the war in Ukraine to high

1443
01:17:01,680 --> 01:17:04,920
Speaker 1: gas prices to high food prices, to the aftermath of

1444
01:17:04,960 --> 01:17:08,920
Speaker 1: COVID to a national narrative, a struggle give America a

1445
01:17:08,960 --> 01:17:11,920
Speaker 1: through line from a posture abroad to an ambitious plan

1446
01:17:12,000 --> 01:17:15,560
Speaker 1: at home. Instead, what we got was a fine recitation

1447
01:17:16,000 --> 01:17:19,240
Speaker 1: of the no American soldiers would deploy to Ukraine, but

1448
01:17:19,280 --> 01:17:22,559
Speaker 1: then a laundry list of democratic think tank wants with

1449
01:17:22,800 --> 01:17:26,559
Speaker 1: no vision whatsoever. It's a speech already in the dustbin

1450
01:17:26,600 --> 01:17:28,760
Speaker 1: of history, And the more I think about it, the

1451
01:17:28,760 --> 01:17:31,040
Speaker 1: more I think that Biden's response to this foreign and

1452
01:17:31,080 --> 01:17:33,800
Speaker 1: economic crisis here at home will define him in the

1453
01:17:33,880 --> 01:17:37,080
Speaker 1: eyes of history, perhaps even more than his lackluster and

1454
01:17:37,160 --> 01:17:41,760
Speaker 1: wanting response to COVID. Biden did not did not invade Ukraine.

1455
01:17:41,880 --> 01:17:44,720
Speaker 1: He's being president sometimes, though, means you get dealt a

1456
01:17:44,840 --> 01:17:48,080
Speaker 1: terrible hand, and the great ones rise to the occasion.

1457
01:17:48,760 --> 01:17:51,439
Speaker 1: They use and marshal the public towards a common goal.

1458
01:17:51,560 --> 01:17:54,000
Speaker 1: They give America a way out, as long as it

1459
01:17:54,040 --> 01:17:56,639
Speaker 1: takes and as hard as it can be. And yet,

1460
01:17:56,840 --> 01:17:59,840
Speaker 1: as we already reference, just hours after the banning of

1461
01:18:00,040 --> 01:18:02,439
Speaker 1: Russian oil in force of the United States, this was

1462
01:18:02,479 --> 01:18:05,160
Speaker 1: Biden's response when he was asked about the trajectory of

1463
01:18:05,200 --> 01:18:11,519
Speaker 1: high gas prices. I say tex too much right now,

1464
01:18:12,080 --> 01:18:16,400
Speaker 1: Russia were possible. Nothing we can do. It's gonna go

1465
01:18:16,520 --> 01:18:20,280
Speaker 1: up incredible, nothing, just nothing. First of all, if your

1466
01:18:20,320 --> 01:18:22,519
Speaker 1: plan all along was to ban Russian oil with no

1467
01:18:22,560 --> 01:18:25,400
Speaker 1: measurable way to increase supply, then you better damn well

1468
01:18:25,479 --> 01:18:28,240
Speaker 1: sure give American people an explanation as to why they

1469
01:18:28,240 --> 01:18:31,960
Speaker 1: are paying more at the pump. Beyond well, it's Putin's fault.

1470
01:18:32,160 --> 01:18:34,800
Speaker 1: But second, is this a key part of inflation is

1471
01:18:34,840 --> 01:18:39,000
Speaker 1: managing expectations. Firms raise prices not just from corporate greed,

1472
01:18:39,280 --> 01:18:42,439
Speaker 1: but from what they expect to pay in the future. Thus,

1473
01:18:42,720 --> 01:18:45,920
Speaker 1: this answer is literally the worst thing you can possibly say.

1474
01:18:46,400 --> 01:18:49,320
Speaker 1: Nothing we can do means the US government is signaling

1475
01:18:49,320 --> 01:18:51,800
Speaker 1: they won't take any meaningful action, which in turn is

1476
01:18:51,840 --> 01:18:54,840
Speaker 1: going to push the price up even higher. And guess what.

1477
01:18:55,040 --> 01:18:59,200
Speaker 1: That's exactly what happened. Immediately after Biden's comments. Commodity traders

1478
01:18:59,200 --> 01:19:02,000
Speaker 1: and all sectors from food, gas and elsewhere bet big

1479
01:19:02,080 --> 01:19:04,200
Speaker 1: on the price going up, which in turn, of course

1480
01:19:04,240 --> 01:19:07,160
Speaker 1: affects future prices, which fuels a vicious cycle for all

1481
01:19:07,200 --> 01:19:10,320
Speaker 1: of us. Seriously, compare that to some of our past presidents.

1482
01:19:10,439 --> 01:19:12,800
Speaker 1: Remember Fdr the Bank run in the first days of

1483
01:19:12,800 --> 01:19:16,519
Speaker 1: his presidency, his calming voice after taking office, asking his friends,

1484
01:19:16,520 --> 01:19:18,920
Speaker 1: the American people stop taking money out of that bank,

1485
01:19:19,000 --> 01:19:21,280
Speaker 1: my friends, and if they would so kindly maybe put

1486
01:19:21,280 --> 01:19:23,840
Speaker 1: it back in the bank, explaining how and why it

1487
01:19:23,880 --> 01:19:27,200
Speaker 1: was necessary rescuing America out of the immediate crisis at

1488
01:19:27,240 --> 01:19:30,120
Speaker 1: the time, connecting it to the more ambitious prospects of

1489
01:19:30,200 --> 01:19:32,880
Speaker 1: the new deal for the American people. Where is that

1490
01:19:32,920 --> 01:19:36,000
Speaker 1: call for anything for nuclear power, a nuclear new deal,

1491
01:19:36,160 --> 01:19:39,120
Speaker 1: more tax credits for Americans? How about this? If Washington's

1492
01:19:39,120 --> 01:19:40,760
Speaker 1: going to raise all our gas prices to five or

1493
01:19:40,800 --> 01:19:43,240
Speaker 1: six dollars a gallon, give stimulus checks to people, they

1494
01:19:43,280 --> 01:19:45,160
Speaker 1: better at least give us some release at the pump. Now,

1495
01:19:45,400 --> 01:19:47,519
Speaker 1: how about repealing for a time the federal gas tax

1496
01:19:47,520 --> 01:19:49,479
Speaker 1: and then cutting a deal with the states replace their

1497
01:19:49,520 --> 01:19:51,880
Speaker 1: gas tax revenue. If they appeal theirs as well, that

1498
01:19:52,000 --> 01:19:54,559
Speaker 1: alone could reduce price maybe thirty forty cents a gallon

1499
01:19:54,600 --> 01:19:56,920
Speaker 1: across this entire country. These are all things I just

1500
01:19:56,960 --> 01:19:59,559
Speaker 1: came up with in my home desk. These are people

1501
01:19:59,640 --> 01:20:02,799
Speaker 1: who are charged with running the country. They give us nothing.

1502
01:20:03,080 --> 01:20:06,000
Speaker 1: Their message to the people is, well, it's all on putin.

1503
01:20:06,240 --> 01:20:08,559
Speaker 1: You go ahead and suffer, hope you make it. It's

1504
01:20:08,600 --> 01:20:11,799
Speaker 1: only in times of immense crisis that anything truly meaningful

1505
01:20:11,840 --> 01:20:14,040
Speaker 1: gets done in this country. Our history tells us that,

1506
01:20:14,320 --> 01:20:17,240
Speaker 1: and yet we have a man here asleep at the

1507
01:20:17,240 --> 01:20:20,439
Speaker 1: wheel who's beginning to act with the obtuseness of Herbert

1508
01:20:20,439 --> 01:20:23,000
Speaker 1: Hoover in the middle of the nineteen thirties. Those of

1509
01:20:23,040 --> 01:20:24,960
Speaker 1: you who stuck with me during the Trump years know

1510
01:20:25,040 --> 01:20:27,000
Speaker 1: that my main critique of the Trump administration is that

1511
01:20:27,000 --> 01:20:30,160
Speaker 1: they were mostly useless, full of dalist idiots who are

1512
01:20:30,160 --> 01:20:33,040
Speaker 1: incapable of doing anything at all, and the few things

1513
01:20:33,040 --> 01:20:35,840
Speaker 1: that they did do were accomplished by people actively working

1514
01:20:35,880 --> 01:20:38,320
Speaker 1: against the agenda that the American people had voted for.

1515
01:20:38,640 --> 01:20:41,040
Speaker 1: Incompetence was the name of the game in the Trump years,

1516
01:20:41,200 --> 01:20:43,200
Speaker 1: and a central and a core part of the liberal

1517
01:20:43,200 --> 01:20:46,040
Speaker 1: elites pushed for Joe Biden was well, at least the

1518
01:20:46,080 --> 01:20:48,960
Speaker 1: adults will be back in charge. That alone was a

1519
01:20:49,080 --> 01:20:52,040
Speaker 1: huge part of the cell. And yet what have we learned.

1520
01:20:52,240 --> 01:20:55,479
Speaker 1: The adults in Washington may not be as garish or

1521
01:20:55,520 --> 01:20:58,800
Speaker 1: boorish as the Trump ones, but they are equally useless.

1522
01:20:58,960 --> 01:21:01,679
Speaker 1: Take Biden's plans fighters to Ukraine. It was an ill

1523
01:21:01,720 --> 01:21:03,680
Speaker 1: considered and it was a dumb ass idea given how

1524
01:21:03,720 --> 01:21:06,640
Speaker 1: brazen it is and potential for escalation but okay, he

1525
01:21:06,720 --> 01:21:09,000
Speaker 1: wanted to get it done. So the US announces fighter

1526
01:21:09,080 --> 01:21:11,080
Speaker 1: jets that the Ukrainians know how to fly or on

1527
01:21:11,120 --> 01:21:14,000
Speaker 1: the way. The Ukrainians obviously were astatic about this, But

1528
01:21:14,040 --> 01:21:16,599
Speaker 1: then what happens the Romanians and the Poles who actually

1529
01:21:16,600 --> 01:21:19,000
Speaker 1: had those planes. They came out saying no, no, no no, no,

1530
01:21:19,200 --> 01:21:20,880
Speaker 1: we're just gonna send We're not going to just send

1531
01:21:20,880 --> 01:21:24,200
Speaker 1: fighters directly to Ukraine. We need them ourselves. After some

1532
01:21:24,280 --> 01:21:27,519
Speaker 1: initial talks, then the Poles came up with this plan, Okay,

1533
01:21:27,720 --> 01:21:30,040
Speaker 1: we'll release the fighter jets, but we're not sending him

1534
01:21:30,040 --> 01:21:32,760
Speaker 1: to Ukraine. We're sending him to Ramsign Air Force Base.

1535
01:21:33,120 --> 01:21:35,360
Speaker 1: And then the US was like, well, no, no, no no,

1536
01:21:35,560 --> 01:21:37,640
Speaker 1: well we can't do that because the jets would be

1537
01:21:37,680 --> 01:21:41,320
Speaker 1: coming directly from US into Russian contested airspace. So then

1538
01:21:41,439 --> 01:21:44,800
Speaker 1: they put the kaibash on the entire plan. Can't make

1539
01:21:44,840 --> 01:21:47,520
Speaker 1: it up. It's like a comedy and a dance of incompetence.

1540
01:21:47,880 --> 01:21:50,320
Speaker 1: Like I said, I'm against this stupid ass plan from

1541
01:21:50,360 --> 01:21:53,080
Speaker 1: the beginning, but they can't even execute it properly. These

1542
01:21:53,240 --> 01:21:57,160
Speaker 1: bumbling amorphous response will be the political death of Joe Biden.

1543
01:21:57,400 --> 01:22:00,559
Speaker 1: High gas prices, high food prices, a deal with attitude

1544
01:22:00,560 --> 01:22:02,479
Speaker 1: from the White House on top of a hot war

1545
01:22:02,520 --> 01:22:05,000
Speaker 1: in Eastern Europe. With it all over, the response from

1546
01:22:05,000 --> 01:22:08,439
Speaker 1: the administration projects a tremendous amount of uncertainty into the

1547
01:22:08,479 --> 01:22:11,479
Speaker 1: global system and into the global economy. He has given

1548
01:22:11,560 --> 01:22:14,799
Speaker 1: us nothing to hope for, no confidence in his actions.

1549
01:22:14,920 --> 01:22:17,439
Speaker 1: America is a nation adrift, and it will likely be

1550
01:22:17,520 --> 01:22:20,000
Speaker 1: for the foreseeable future, given that the next person to

1551
01:22:20,000 --> 01:22:22,880
Speaker 1: take that office is probably the only man as incoherent

1552
01:22:22,920 --> 01:22:26,080
Speaker 1: and as incompetent as Joe Biden is. So good luck

1553
01:22:26,080 --> 01:22:28,000
Speaker 1: to everybody out there. It's going to be a long

1554
01:22:28,000 --> 01:22:30,640
Speaker 1: eight years. I don't know, Crystal. I mean you just

1555
01:22:30,640 --> 01:22:33,080
Speaker 1: think about it. That fighter jet thing is a perfect example, right,

1556
01:22:33,160 --> 01:22:35,280
Speaker 1: you can't even do that. And if you want to

1557
01:22:35,280 --> 01:22:38,840
Speaker 1: hear my reaction to Sagre's monologue, become a premium subscriber

1558
01:22:38,920 --> 01:22:44,040
Speaker 1: today at Breakingpoints dot com. Crystal, what are you taking

1559
01:22:44,080 --> 01:22:46,000
Speaker 1: a work at? Well, guys, we've been tracking this. There's

1560
01:22:46,040 --> 01:22:48,680
Speaker 1: a mass hysteria that's sweeping the country right now, a

1561
01:22:48,840 --> 01:22:52,880
Speaker 1: nasty anti Russian zenophobia prime by decades of Cold War propaganda,

1562
01:22:53,080 --> 01:22:55,479
Speaker 1: years of Russia cape Mania, and then whipped into a

1563
01:22:55,520 --> 01:22:58,599
Speaker 1: little frenzy by the media. It's freedom fries with a

1564
01:22:58,640 --> 01:23:02,080
Speaker 1: side of potential nuclear and history tells us that the

1565
01:23:02,160 --> 01:23:05,120
Speaker 1: voices we should look for in such times are those

1566
01:23:05,120 --> 01:23:07,920
Speaker 1: who are willing to urge the most unpopular thing in

1567
01:23:07,960 --> 01:23:12,960
Speaker 1: the entire world, that would be restraint. They most scorned, derided,

1568
01:23:13,000 --> 01:23:17,200
Speaker 1: and reviled, often end up looking wise impression once the

1569
01:23:17,240 --> 01:23:20,200
Speaker 1: madness of the time has passed. And make no mistake,

1570
01:23:20,479 --> 01:23:24,160
Speaker 1: we are in a time of madness. Russian restaurants, even

1571
01:23:24,200 --> 01:23:27,439
Speaker 1: some owned by Ukrainians, are being boycotted, flooded with nasty reviews,

1572
01:23:27,479 --> 01:23:29,920
Speaker 1: bombarded with phone calls calling them Nazis, and in the

1573
01:23:29,920 --> 01:23:33,760
Speaker 1: worst cases, vandalized. On Tuesday, I showed you thousands of

1574
01:23:33,800 --> 01:23:37,639
Speaker 1: protesters marching in Chicago demanding we close the skies. That's

1575
01:23:37,640 --> 01:23:39,920
Speaker 1: a reference, of course, to enacting a no fly zone,

1576
01:23:40,040 --> 01:23:42,320
Speaker 1: which would almost certainly lead us to World War III.

1577
01:23:42,840 --> 01:23:46,000
Speaker 1: A new protest at the Guggenheim pushed the same message

1578
01:23:46,000 --> 01:23:48,960
Speaker 1: with a different tactic. Artists gathered on every floor to

1579
01:23:49,000 --> 01:23:51,919
Speaker 1: send airplanes down onto the floor of the famed museum.

1580
01:23:52,320 --> 01:23:54,960
Speaker 1: But the most troubling mania is happening among the people

1581
01:23:55,160 --> 01:23:59,280
Speaker 1: with power in Washington. We have rushed into a wholesale

1582
01:23:59,360 --> 01:24:02,360
Speaker 1: economic way war on Russia with consequences. Almost no one

1583
01:24:02,400 --> 01:24:06,360
Speaker 1: has stopped to contemplate our tools of economic warfare are indiscriminate,

1584
01:24:06,600 --> 01:24:10,040
Speaker 1: they are brutal, and they are unprecedented. It's already easy

1585
01:24:10,080 --> 01:24:13,840
Speaker 1: to forget how quickly our actions and thinking have escalated.

1586
01:24:14,439 --> 01:24:17,200
Speaker 1: Just a few weeks ago, kicking Russia off of the

1587
01:24:17,280 --> 01:24:21,640
Speaker 1: Swift bank communication system that was considered the most extreme

1588
01:24:21,680 --> 01:24:25,680
Speaker 1: potential response to their actions, now Swift to small potatoes.

1589
01:24:26,040 --> 01:24:30,240
Speaker 1: We've given Russia the full global economic death penalty, including

1590
01:24:30,280 --> 01:24:33,120
Speaker 1: Swift removal, the first in history, sanctions against a G

1591
01:24:33,240 --> 01:24:36,200
Speaker 1: twenty central bank, and now a ban on Russian oil

1592
01:24:36,240 --> 01:24:39,559
Speaker 1: and energy products. Russia, of course, considers these actions to

1593
01:24:39,600 --> 01:24:42,120
Speaker 1: be an active war and our warning of the price

1594
01:24:42,200 --> 01:24:46,160
Speaker 1: that we will pay from their response. The economic consequences

1595
01:24:46,200 --> 01:24:49,479
Speaker 1: will reverberate around the globe. Oil and wheat prices will

1596
01:24:49,479 --> 01:24:51,519
Speaker 1: continue to climb, and if there is one thing that

1597
01:24:51,560 --> 01:24:55,040
Speaker 1: I know, it's that skyrocketing energy and food prices do

1598
01:24:55,160 --> 01:24:58,840
Speaker 1: not often lead to more global peace and stability. At

1599
01:24:58,840 --> 01:25:01,200
Speaker 1: the same time, it is possible to wrap your head

1600
01:25:01,240 --> 01:25:04,040
Speaker 1: around just how quickly we have flooded Ukraine with American

1601
01:25:04,040 --> 01:25:06,519
Speaker 1: made weapons. During the Cold War, there was actually this

1602
01:25:06,600 --> 01:25:09,240
Speaker 1: kind of kabuki theater diplomacy, requiring that we at least

1603
01:25:09,240 --> 01:25:11,920
Speaker 1: had some plausible deniability about the flow of our arms

1604
01:25:11,920 --> 01:25:14,720
Speaker 1: into the arsenals of anti communists. We no longer have

1605
01:25:14,960 --> 01:25:18,840
Speaker 1: any reluctance about being completely brazen here. The New York

1606
01:25:18,880 --> 01:25:22,080
Speaker 1: Times reports that we are rushing our most effective weaponry

1607
01:25:22,080 --> 01:25:24,880
Speaker 1: into the country with record breaking speed, in an effort

1608
01:25:24,920 --> 01:25:27,840
Speaker 1: of such scale it's being compared to the Berlin airlift

1609
01:25:28,479 --> 01:25:34,200
Speaker 1: seventeen thousand anti tank weapons in six days, three hundred

1610
01:25:34,200 --> 01:25:37,599
Speaker 1: and sixty roughly million dollars worth of weapons delivered in

1611
01:25:37,800 --> 01:25:41,280
Speaker 1: five days. By comparison, a much smaller package announced back

1612
01:25:41,320 --> 01:25:43,360
Speaker 1: in August that took months to get on the ground.

1613
01:25:43,840 --> 01:25:46,240
Speaker 1: The US and our NATO allies have been messing around

1614
01:25:46,240 --> 01:25:48,679
Speaker 1: with the idea of getting fighter jets. The Ukrainian SACER

1615
01:25:48,800 --> 01:25:51,120
Speaker 1: was just talking about that. Thank god, that latest hair

1616
01:25:51,120 --> 01:25:54,639
Speaker 1: brain scheme failed to accomplish what they wanted. Here, someone

1617
01:25:54,720 --> 01:25:57,800
Speaker 1: was sensible enough to realize that the minute a NATO pilot,

1618
01:25:57,880 --> 01:26:00,799
Speaker 1: let alone an American pilot flies a jet into Ukraine,

1619
01:26:00,800 --> 01:26:03,719
Speaker 1: we have officially entered World War three. It is worth

1620
01:26:03,720 --> 01:26:07,320
Speaker 1: recalling again that arming the Ukrainians against Russian aggressian was

1621
01:26:07,600 --> 01:26:12,200
Speaker 1: highly controversial, and not so long ago when Russia invaded Crimea.

1622
01:26:12,680 --> 01:26:17,080
Speaker 1: President Obama resisted the immense pressure to armed Ukrainians, reportedly

1623
01:26:17,120 --> 01:26:20,840
Speaker 1: posing the following questions to his aides quote, Okay, what

1624
01:26:20,920 --> 01:26:22,680
Speaker 1: happens if we send in equipment? Do we have to

1625
01:26:22,720 --> 01:26:24,880
Speaker 1: send in trainers? What if it ends up in the

1626
01:26:24,880 --> 01:26:28,519
Speaker 1: hands of thugs? What if putin then escalates? He also

1627
01:26:28,680 --> 01:26:31,960
Speaker 1: reportedly worried that quote arming and the Ukrainians would encourage

1628
01:26:31,960 --> 01:26:34,360
Speaker 1: the notion that they could actually defeat the far more

1629
01:26:34,400 --> 01:26:36,960
Speaker 1: powerful Russians, and so it will potentially draw a more

1630
01:26:37,000 --> 01:26:41,799
Speaker 1: forceful response from Moscow. Listen, those questions all seem pretty valid,

1631
01:26:41,880 --> 01:26:44,639
Speaker 1: but few have the courage to actually raise them publicly. Today,

1632
01:26:45,000 --> 01:26:47,559
Speaker 1: we should all also be extremely uncomfortable with how many

1633
01:26:47,560 --> 01:26:49,960
Speaker 1: people are now throwing around the example of our arming

1634
01:26:49,960 --> 01:26:53,719
Speaker 1: the Mujahadeen in Afghanistan as if that whole thing turned

1635
01:26:53,720 --> 01:26:58,320
Speaker 1: out well for us. But remember the Russians invaded Afghanistan

1636
01:26:59,400 --> 01:27:06,880
Speaker 1: back in nineteen eighty, and although no country went in,

1637
01:27:07,600 --> 01:27:14,400
Speaker 1: they certainly had a lot of countries supplying arms and advice,

1638
01:27:14,720 --> 01:27:19,280
Speaker 1: and even some advisors to those who were recruited to

1639
01:27:19,360 --> 01:27:23,200
Speaker 1: fight Russia. It didn't end well for the Russians. There

1640
01:27:23,240 --> 01:27:27,400
Speaker 1: were other unintended consequences as we know, but the fact

1641
01:27:27,520 --> 01:27:33,559
Speaker 1: is that a very motivated and then funded and armed

1642
01:27:34,080 --> 01:27:41,080
Speaker 1: insurgency basically drove the Russians out of Afghanistan. Obviously, the

1643
01:27:41,479 --> 01:27:46,479
Speaker 1: similarities are not ones that you should bank on because

1644
01:27:47,000 --> 01:27:52,040
Speaker 1: the terrain, the development in urban areas, etc. Is so different.

1645
01:27:52,640 --> 01:27:55,559
Speaker 1: But I think that is the model that people are

1646
01:27:55,680 --> 01:28:01,840
Speaker 1: now looking toward. And if there can be sufficient armaments

1647
01:28:01,840 --> 01:28:03,960
Speaker 1: that get in and they should be able to get

1648
01:28:03,960 --> 01:28:08,840
Speaker 1: in along some of oh, really some unintended consequences. Why

1649
01:28:08,880 --> 01:28:11,200
Speaker 1: don't you elaborate a little bit on that hill. And

1650
01:28:11,240 --> 01:28:13,920
Speaker 1: to be honest, military aid is just the beginning. We're

1651
01:28:13,960 --> 01:28:16,519
Speaker 1: also providing aid which is not being talked about by

1652
01:28:16,520 --> 01:28:19,640
Speaker 1: politicians or really debated at all. Did you know that

1653
01:28:19,680 --> 01:28:22,439
Speaker 1: a cadre of American lobbyists are influence peddling and giving

1654
01:28:22,479 --> 01:28:25,439
Speaker 1: pr help to Zelensky and Ukrainian government right now? That

1655
01:28:25,600 --> 01:28:28,479
Speaker 1: means giving favorable stories place, pushing his interests among their

1656
01:28:28,520 --> 01:28:30,960
Speaker 1: powerful friends, using all of their dark arts to skillfully

1657
01:28:31,000 --> 01:28:34,240
Speaker 1: manipulate the American public. Now, again, there is a lot

1658
01:28:34,280 --> 01:28:37,439
Speaker 1: to admire about Zelensky personally, but his interests are not

1659
01:28:37,520 --> 01:28:41,080
Speaker 1: the same as ours, and he remember is aggressively calling

1660
01:28:41,120 --> 01:28:45,040
Speaker 1: for the most hawkish possible response. Did you know that

1661
01:28:45,080 --> 01:28:47,920
Speaker 1: we may be leading an active cyber counter offensive to

1662
01:28:47,960 --> 01:28:51,080
Speaker 1: fight back against Russian attacks on Ukrainian networks and have

1663
01:28:51,160 --> 01:28:55,040
Speaker 1: almost certainly collaborated to harden those networks in advance. Did

1664
01:28:55,080 --> 01:28:58,040
Speaker 1: you know that we are using our own satellite images

1665
01:28:58,080 --> 01:29:01,280
Speaker 1: and electronic intercepts of Russian miliity terry communications to help

1666
01:29:01,320 --> 01:29:05,360
Speaker 1: send warnings and guide Ukrainian military decision making. And those

1667
01:29:05,800 --> 01:29:08,080
Speaker 1: those are just the elements of support that have been

1668
01:29:08,080 --> 01:29:12,680
Speaker 1: publicly reported. Lord only knows what secret programs have been

1669
01:29:12,720 --> 01:29:17,800
Speaker 1: launched with zero awareness and zero debate, but potentially catastrophic consequences.

1670
01:29:18,280 --> 01:29:20,519
Speaker 1: In terms of elected officials, we haven't seen a whole

1671
01:29:20,520 --> 01:29:23,120
Speaker 1: lot of courage. All of these actions have been overwhelmingly

1672
01:29:23,120 --> 01:29:27,000
Speaker 1: supported on a bipartisan basis, with barely even pausing to say,

1673
01:29:27,439 --> 01:29:30,920
Speaker 1: maybe we should talk about this. Congresswoman ilhan Omar has

1674
01:29:30,960 --> 01:29:34,519
Speaker 1: actually been one of those very lonely voices on arming

1675
01:29:34,600 --> 01:29:38,400
Speaker 1: the Ukrainians. She tweeted, quote the consequences of flooding Ukraine

1676
01:29:38,439 --> 01:29:41,679
Speaker 1: with billions of dollars in US weapons, likely not limited

1677
01:29:41,720 --> 01:29:45,400
Speaker 1: to just military specific equipment, but also including small arms

1678
01:29:45,400 --> 01:29:49,680
Speaker 1: and AMMO, are unpredictable and likely disastrous, specially when they

1679
01:29:49,720 --> 01:29:54,120
Speaker 1: are given to paramilitary groups without accountability. She was also

1680
01:29:54,200 --> 01:29:56,559
Speaker 1: prepared to be the sole loan vote against a Russian

1681
01:29:56,600 --> 01:29:59,160
Speaker 1: oil ban, by the Sense decided to institute that oil

1682
01:29:59,200 --> 01:30:02,639
Speaker 1: ban without the help Congress. But here's what Congresswoman Omar

1683
01:30:02,800 --> 01:30:05,280
Speaker 1: had to say on the matter. She said, whether it's

1684
01:30:05,360 --> 01:30:08,080
Speaker 1: politically or morally, we have to think about what this

1685
01:30:08,160 --> 01:30:10,840
Speaker 1: means a year from now, what this means two years,

1686
01:30:10,840 --> 01:30:13,840
Speaker 1: three years from now. I think ultimately this is not

1687
01:30:13,920 --> 01:30:16,240
Speaker 1: going to end well for the actual people of Russia,

1688
01:30:16,280 --> 01:30:18,120
Speaker 1: and it's not going to end well for the people

1689
01:30:18,160 --> 01:30:21,960
Speaker 1: of Europe as well. For these comments which just urge

1690
01:30:22,080 --> 01:30:26,679
Speaker 1: humanity and restraint, Congresswoman Omar has been called every nasty

1691
01:30:26,720 --> 01:30:28,720
Speaker 1: name you can imagine in the book. On Twitter, she

1692
01:30:28,760 --> 01:30:31,560
Speaker 1: was sent pictures of dead Ukrainian children with the implication

1693
01:30:31,640 --> 01:30:34,040
Speaker 1: that their deaths were somehow on her hands. She was

1694
01:30:34,080 --> 01:30:36,880
Speaker 1: of course accused of being a Russian puppet puppet, and

1695
01:30:36,920 --> 01:30:40,520
Speaker 1: she was even smeared as being an anti white racist.

1696
01:30:40,840 --> 01:30:43,080
Speaker 1: These sort of attacks, though they might be familiar to

1697
01:30:43,160 --> 01:30:46,400
Speaker 1: Congresswoman Barbara Lee. She was the sole member of Congress

1698
01:30:46,400 --> 01:30:48,639
Speaker 1: to vote against giving George W. Bush the blank check

1699
01:30:48,680 --> 01:30:51,280
Speaker 1: for ward that he wanted and that ultimately led us

1700
01:30:51,320 --> 01:30:55,559
Speaker 1: to decades of disaster and moral atrocities. Congresswoman Lee received

1701
01:30:55,600 --> 01:30:57,839
Speaker 1: so many death threats at the time for her stance

1702
01:30:57,880 --> 01:31:00,400
Speaker 1: that she was assigned a personal security detail. She was

1703
01:31:00,439 --> 01:31:03,040
Speaker 1: called a trader who hated America. People sent her letters

1704
01:31:03,120 --> 01:31:05,160
Speaker 1: proclaiming their desire that she had been among the dead

1705
01:31:05,160 --> 01:31:07,200
Speaker 1: and the Twin Towers and take a look at this.

1706
01:31:07,400 --> 01:31:10,240
Speaker 1: Even a supposedly respectable Wall Street Journal said she was

1707
01:31:10,320 --> 01:31:15,559
Speaker 1: quote a long practicing supporter of America's enemies. But of course,

1708
01:31:15,880 --> 01:31:18,320
Speaker 1: now with distance from the madness and frenzy of the time,

1709
01:31:18,520 --> 01:31:23,639
Speaker 1: she was one hundred percent correct, vindicated Congressman Lee herself

1710
01:31:23,680 --> 01:31:25,720
Speaker 1: pointed at the time to the example of two other

1711
01:31:25,760 --> 01:31:28,479
Speaker 1: courageous senators who had been the only votes against the

1712
01:31:28,479 --> 01:31:31,479
Speaker 1: Gulf of Tonkin Resolution, which of course authorized LBJ to

1713
01:31:31,600 --> 01:31:35,679
Speaker 1: quote take all necessary measures in Vietnam. You might also

1714
01:31:35,760 --> 01:31:38,200
Speaker 1: think of the example in recent times set by Russ Fingeld.

1715
01:31:38,280 --> 01:31:40,640
Speaker 1: He was the only US Senator to vote against the

1716
01:31:40,680 --> 01:31:45,200
Speaker 1: Patriot Act during that frenzy lone voices despised at the time,

1717
01:31:45,479 --> 01:31:48,439
Speaker 1: whose wisdom we would have done really well to heed.

1718
01:31:48,920 --> 01:31:52,320
Speaker 1: So as we lurch into war and work extream actions casually,

1719
01:31:52,360 --> 01:31:56,799
Speaker 1: embracing measures which were previously unthinkable just weeks ago, please

1720
01:31:57,080 --> 01:32:00,200
Speaker 1: listen to those people like Congresswoman Omar who are I'm

1721
01:32:00,240 --> 01:32:03,360
Speaker 1: desperately to stand outside of the mania and hold on

1722
01:32:03,600 --> 01:32:06,439
Speaker 1: in your mind to the wise words of Barbara Lee.

1723
01:32:06,600 --> 01:32:09,880
Speaker 1: She said, let's step back for a moment. Let's just

1724
01:32:10,000 --> 01:32:13,240
Speaker 1: pause just for a minute and think through the implications

1725
01:32:13,280 --> 01:32:16,639
Speaker 1: of our actions today so that this does not spiral

1726
01:32:16,800 --> 01:32:20,040
Speaker 1: out of control. And listen. Doesn't mean that when you

1727
01:32:20,080 --> 01:32:23,000
Speaker 1: have the unpopular opinion, you're always correct, but we have

1728
01:32:23,120 --> 01:32:25,600
Speaker 1: seen repeated examples, and if you want to hear my

1729
01:32:25,760 --> 01:32:29,120
Speaker 1: reaction to Crystal's monologue, become a premium subscriber today at

1730
01:32:29,160 --> 01:32:35,080
Speaker 1: Breakingpoints dot com. Joining us now a very special guest,

1731
01:32:35,120 --> 01:32:38,360
Speaker 1: Anna Kacion of the Red Scare Podcast. Anna, thank you

1732
01:32:38,360 --> 01:32:40,320
Speaker 1: so much for joining the show. We really appreciate it.

1733
01:32:40,720 --> 01:32:43,160
Speaker 1: Thanks for having me, and thanks for pronouncing my last

1734
01:32:43,240 --> 01:32:46,320
Speaker 1: name correctly. Well. I interviewed you previously, so I remember

1735
01:32:46,600 --> 01:32:48,960
Speaker 1: how to say it. That's why it works. Out. I've

1736
01:32:48,960 --> 01:32:51,000
Speaker 1: had a little bit of experience. Anna. We were trying

1737
01:32:51,040 --> 01:32:53,320
Speaker 1: to brainstorm. We like, who do we talk to about

1738
01:32:53,320 --> 01:32:57,040
Speaker 1: all of this Russian cancelation, the backlash we've got the

1739
01:32:57,120 --> 01:33:01,559
Speaker 1: Gugenheim is throwing planes into the Center calling for a

1740
01:33:01,640 --> 01:33:05,040
Speaker 1: new no fly zone. I know you as an art person,

1741
01:33:05,080 --> 01:33:07,120
Speaker 1: I know in particular, we're going to be pissed off

1742
01:33:07,320 --> 01:33:09,320
Speaker 1: about that. When we've got let's put this on the screen.

1743
01:33:09,360 --> 01:33:12,920
Speaker 1: We've got the Russian backlash against these Russian restaurants and

1744
01:33:13,000 --> 01:33:16,519
Speaker 1: tea houses and all of this yelp bombs are happening.

1745
01:33:16,760 --> 01:33:19,200
Speaker 1: Just give us a way to think about this. You're

1746
01:33:19,200 --> 01:33:22,200
Speaker 1: a Russian American, a cultural critic yourself. What do you

1747
01:33:22,200 --> 01:33:26,000
Speaker 1: think this tells us about America? Well, the first thing

1748
01:33:26,000 --> 01:33:28,120
Speaker 1: that you can always count on is that the most

1749
01:33:28,760 --> 01:33:33,479
Speaker 1: pathetic and depraved examples of activism across the board will

1750
01:33:33,520 --> 01:33:36,120
Speaker 1: always come from the art world. I saw the Grugenheim thing.

1751
01:33:38,360 --> 01:33:40,920
Speaker 1: I saw the Russian restaurants that they reported on. This

1752
01:33:40,960 --> 01:33:46,519
Speaker 1: woman who is actually Ukrainian and she called her restaurant

1753
01:33:46,600 --> 01:33:48,679
Speaker 1: Russian from the get go because she thought it would

1754
01:33:48,680 --> 01:33:51,640
Speaker 1: have more name recognition. And that's really come to backfire.

1755
01:33:53,000 --> 01:33:55,000
Speaker 1: You see a lot. I live in New York and

1756
01:33:55,080 --> 01:33:59,240
Speaker 1: you see a lot of yellow and blue flags people

1757
01:33:59,280 --> 01:34:02,679
Speaker 1: taking a stand, and I'm really kind of personally less

1758
01:34:02,680 --> 01:34:09,160
Speaker 1: interested in the specific examples of you know, various corporate

1759
01:34:09,680 --> 01:34:14,000
Speaker 1: entities and activists getting in line with whatever the government,

1760
01:34:14,040 --> 01:34:17,760
Speaker 1: the Western government's are already doing. You know, we've spent

1761
01:34:17,840 --> 01:34:20,400
Speaker 1: the last like five or six years owning the Libs.

1762
01:34:20,479 --> 01:34:23,320
Speaker 1: We saw kind of slack divism at its best with

1763
01:34:23,360 --> 01:34:27,679
Speaker 1: like BLM and then with COVID. I'm sure that as

1764
01:34:27,680 --> 01:34:30,719
Speaker 1: we speak there is some woman owned ath leisure brand

1765
01:34:30,920 --> 01:34:33,439
Speaker 1: that is coming out with like a blue and yellow

1766
01:34:33,479 --> 01:34:38,679
Speaker 1: pair of yoga pants named after Zelenski. But I feel

1767
01:34:38,680 --> 01:34:41,679
Speaker 1: like the joke is not funny anymore. It's like less

1768
01:34:41,720 --> 01:34:46,880
Speaker 1: satisfying now to own the Libs. Anna, can you just

1769
01:34:46,920 --> 01:34:49,679
Speaker 1: tell people you were actually you were born in Russia? Correct?

1770
01:34:49,720 --> 01:34:52,640
Speaker 1: Can you give people a little bit of your backstory?

1771
01:34:52,720 --> 01:34:55,160
Speaker 1: And then do you have family friends that you're talking

1772
01:34:55,200 --> 01:34:59,280
Speaker 1: to in Russia right now? So I was born in

1773
01:34:59,320 --> 01:35:02,599
Speaker 1: Moscow back when Russia was the Soviet Union, and actually

1774
01:35:02,640 --> 01:35:05,639
Speaker 1: when we moved here as a family, we were sort

1775
01:35:05,680 --> 01:35:08,120
Speaker 1: of in limbo because we didn't have any kind of

1776
01:35:08,160 --> 01:35:13,360
Speaker 1: like citizen status in anywhere, and I do. My dad's

1777
01:35:13,520 --> 01:35:16,560
Speaker 1: entire family is in Moscow, and I have been corresponding

1778
01:35:16,560 --> 01:35:25,480
Speaker 1: with my cousins. I think that among liberal, Western educated

1779
01:35:25,600 --> 01:35:31,519
Speaker 1: Russians the attitude is almost unanimously anti war and anti Putin.

1780
01:35:32,680 --> 01:35:35,680
Speaker 1: I have no sense really what it is for the

1781
01:35:36,600 --> 01:35:39,240
Speaker 1: rest of the country. I'm assuming they're much more supportive.

1782
01:35:39,320 --> 01:35:41,920
Speaker 1: Putin has something like a seventy percent approval rating, which

1783
01:35:41,920 --> 01:35:44,200
Speaker 1: again I would take with a grain of salt, But

1784
01:35:46,240 --> 01:35:50,160
Speaker 1: I think overall, I'm sure the vibe is mixed. Yeah,

1785
01:35:50,160 --> 01:35:52,839
Speaker 1: and I think, you know, as I would just quote

1786
01:35:53,680 --> 01:35:56,479
Speaker 1: the Russians with Attitude podcast, I think they said it best.

1787
01:35:56,600 --> 01:36:01,320
Speaker 1: That attitude, the kind of staunchly anti Putin attitude which

1788
01:36:01,360 --> 01:36:04,400
Speaker 1: I think in the West most people agree with, is

1789
01:36:05,360 --> 01:36:09,240
Speaker 1: the people that are mostly advocating it for it are

1790
01:36:09,360 --> 01:36:11,880
Speaker 1: you know, it's a tautology. They're the most you know,

1791
01:36:11,920 --> 01:36:14,360
Speaker 1: the most Western leading people in Russia are the most

1792
01:36:14,360 --> 01:36:17,680
Speaker 1: Western people in Russia. Yeah, Well, and what person I mean,

1793
01:36:17,720 --> 01:36:19,200
Speaker 1: do you have any sense of, like, what is the

1794
01:36:19,320 --> 01:36:24,120
Speaker 1: rough percentage that would fall into that sort of Western oriented, educated,

1795
01:36:24,200 --> 01:36:26,800
Speaker 1: more elite group in Russia that tends to be that's

1796
01:36:26,840 --> 01:36:31,639
Speaker 1: anti Putin and is now anti war. Please don't ask

1797
01:36:31,720 --> 01:36:37,160
Speaker 1: me to I have no clue. I'm sure that it's

1798
01:36:37,200 --> 01:36:39,560
Speaker 1: the minority, which is not to say that most Russians

1799
01:36:39,720 --> 01:36:43,800
Speaker 1: are pro Putin or pro war necessarily, but I think that,

1800
01:36:44,240 --> 01:36:47,120
Speaker 1: as we've seen in the West, these type of events

1801
01:36:47,160 --> 01:36:50,559
Speaker 1: have a unifying factor. You know, I saw a lot

1802
01:36:50,600 --> 01:36:57,120
Speaker 1: of commentators on Twitter complaining about how everybody from political

1803
01:36:57,200 --> 01:37:04,080
Speaker 1: actors to corporations two kind of individuals of the activist

1804
01:37:04,160 --> 01:37:06,800
Speaker 1: ilk are who are you know, falling for the most

1805
01:37:06,920 --> 01:37:13,160
Speaker 1: kind of blatant syops and propaganda, are very heavily kind

1806
01:37:13,240 --> 01:37:17,720
Speaker 1: of stumping shilling for the war. And to me that

1807
01:37:17,800 --> 01:37:21,800
Speaker 1: was almost like a beautiful moment of national solidarity, like

1808
01:37:22,240 --> 01:37:25,679
Speaker 1: for once, this torn and divided country is finally united.

1809
01:37:26,280 --> 01:37:30,360
Speaker 1: And I'm assuming the situation would be similar in Russia.

1810
01:37:30,840 --> 01:37:33,600
Speaker 1: And you know, on the question of sanctions, for example,

1811
01:37:34,640 --> 01:37:37,799
Speaker 1: there's this idea right that sanctions are imposed to pressure

1812
01:37:38,200 --> 01:37:42,639
Speaker 1: kind of the oligarchs and the people to turn against Putin,

1813
01:37:42,720 --> 01:37:47,000
Speaker 1: but it's unclear whether that's going to have its intended effect. Yeah,

1814
01:37:47,080 --> 01:37:49,040
Speaker 1: that's actually where I wanted to get from you in

1815
01:37:49,120 --> 01:37:52,400
Speaker 1: terms of your understanding. Now we see McDonald's out Coca

1816
01:37:52,439 --> 01:37:55,040
Speaker 1: Cola etc. And as we've kept saying here, that's not

1817
01:37:55,080 --> 01:37:56,880
Speaker 1: because of the goodness of their heart. It's because they're

1818
01:37:56,920 --> 01:38:00,320
Speaker 1: required to by Western sanctions. They literally try acquire money this.

1819
01:38:00,680 --> 01:38:03,760
Speaker 1: But what's your sense, Anna, of how is this going

1820
01:38:03,800 --> 01:38:06,200
Speaker 1: to impact life in Russia. It's easy for me to say, like, oh,

1821
01:38:06,200 --> 01:38:08,439
Speaker 1: they're not gonna have an iPhone McDonald's, but I don't

1822
01:38:08,439 --> 01:38:11,800
Speaker 1: know what that means in the context of actual contemporary

1823
01:38:11,920 --> 01:38:14,160
Speaker 1: Russian life, Like how much of this is going to

1824
01:38:14,280 --> 01:38:16,880
Speaker 1: change their day to day, not just in Moscow, but

1825
01:38:17,320 --> 01:38:20,719
Speaker 1: in the you know, out in the rural areas well.

1826
01:38:20,760 --> 01:38:23,439
Speaker 1: I mean, I think, like I said again, I'm less

1827
01:38:23,479 --> 01:38:28,200
Speaker 1: interested in the specific examples of sanctions and more in

1828
01:38:28,240 --> 01:38:32,760
Speaker 1: this kind of unprecedented reconfiguration of the global economic order,

1829
01:38:32,840 --> 01:38:35,720
Speaker 1: the global financial order. I think in the short run

1830
01:38:35,760 --> 01:38:38,880
Speaker 1: it's going to be a very painful and arduous process,

1831
01:38:39,680 --> 01:38:44,800
Speaker 1: and it's unclear whether it'll be successful. I mean, the

1832
01:38:44,840 --> 01:38:49,559
Speaker 1: Putins certainly pulled the plug on Western consensus, but it's

1833
01:38:49,640 --> 01:38:53,280
Speaker 1: really an open question as to whether he'll be able

1834
01:38:53,320 --> 01:38:58,280
Speaker 1: to pull off the rest. Yeah, and Anna, what do

1835
01:38:58,320 --> 01:39:01,080
Speaker 1: you think over the long term. I mean, one of

1836
01:39:01,080 --> 01:39:03,960
Speaker 1: the things that we've seen in other countries, is that

1837
01:39:04,000 --> 01:39:07,600
Speaker 1: these kind of indiscriminate sanctions can help to bolster a

1838
01:39:07,680 --> 01:39:11,360
Speaker 1: national move and like rally people around a cause. Do

1839
01:39:11,400 --> 01:39:13,639
Speaker 1: you see any signs of that or think that that's

1840
01:39:13,640 --> 01:39:19,479
Speaker 1: a possibility here as well? Certainly, again, I don't have

1841
01:39:19,680 --> 01:39:22,840
Speaker 1: a great kind of intuitive sense of what's going on

1842
01:39:22,920 --> 01:39:26,280
Speaker 1: in Russia outside of what the people I speak to

1843
01:39:26,320 --> 01:39:29,599
Speaker 1: tell me. And again they're mostly like liberal and Western leaning,

1844
01:39:29,680 --> 01:39:32,679
Speaker 1: and you know, I can't do anything but be kind

1845
01:39:32,680 --> 01:39:36,760
Speaker 1: of like supportive and respect their opinion. But I can

1846
01:39:36,800 --> 01:39:41,400
Speaker 1: see a situation where the sanctions do kind of unite

1847
01:39:41,400 --> 01:39:45,519
Speaker 1: and galvanize Russians against the West even more because you know,

1848
01:39:45,800 --> 01:39:47,840
Speaker 1: I forgot who said this, but nobody likes to be

1849
01:39:48,280 --> 01:39:53,560
Speaker 1: hated or targeted. And you know, in the Western establishment,

1850
01:39:54,120 --> 01:39:58,880
Speaker 1: among the kind of elite media and political class, Putin's

1851
01:39:58,920 --> 01:40:04,559
Speaker 1: invasion is seen overwhelmingly is like an unprecedented act of

1852
01:40:04,680 --> 01:40:08,519
Speaker 1: unprovoked aggression. I don't think that Russians see it that way.

1853
01:40:08,560 --> 01:40:11,960
Speaker 1: I don't think even resistance figures opposition figures in Russia

1854
01:40:11,960 --> 01:40:16,639
Speaker 1: see it that way. For example, NAVALNI was open about

1855
01:40:16,640 --> 01:40:20,760
Speaker 1: the fact that NATO was a non starter. You know,

1856
01:40:20,840 --> 01:40:23,840
Speaker 1: NATO at the doorstep of Russia. Yeah, I mean, even

1857
01:40:24,200 --> 01:40:26,480
Speaker 1: I think Gorbachev has said it was I was outraged

1858
01:40:26,520 --> 01:40:28,759
Speaker 1: by it. There's will always been a lot of cope

1859
01:40:28,760 --> 01:40:30,800
Speaker 1: here in terms of which Russians we listened to and

1860
01:40:31,160 --> 01:40:33,840
Speaker 1: what they say, the opposition figures, and then the rest

1861
01:40:33,840 --> 01:40:35,519
Speaker 1: of the part that they don't say that people here

1862
01:40:35,560 --> 01:40:37,360
Speaker 1: don't want to agree with. I think one of the

1863
01:40:37,360 --> 01:40:41,120
Speaker 1: points that you're making around the Russian American backlash, nobody

1864
01:40:41,120 --> 01:40:44,400
Speaker 1: wants to be hated. I feel like these examples of

1865
01:40:44,439 --> 01:40:48,360
Speaker 1: the Guggenheim, or of these conductors getting fired, or it's

1866
01:40:48,400 --> 01:40:51,720
Speaker 1: some of these poor business owners here in DC. One

1867
01:40:51,720 --> 01:40:55,040
Speaker 1: of my favorite bars, Russia House, has been vandalized. I

1868
01:40:55,120 --> 01:40:58,000
Speaker 1: had to take down it's Russian flag. I just think that,

1869
01:40:58,400 --> 01:41:01,000
Speaker 1: And I mean, I appreciate your perspective on this, that

1870
01:41:01,040 --> 01:41:04,200
Speaker 1: it's going to have a tremendous backlash both inside of Russia,

1871
01:41:04,240 --> 01:41:07,559
Speaker 1: but also how to Russian Americans supposed to deal with this.

1872
01:41:07,800 --> 01:41:09,840
Speaker 1: You know, in New York City, I you know, when

1873
01:41:09,880 --> 01:41:11,559
Speaker 1: I was there, there are a lot of Russian Americans

1874
01:41:11,600 --> 01:41:14,040
Speaker 1: that were very proud of being Russian, even though they've

1875
01:41:14,040 --> 01:41:17,360
Speaker 1: probably lived there three four generations, right, And I think

1876
01:41:18,600 --> 01:41:21,559
Speaker 1: what's interesting is that, you know, after BLM and Stop

1877
01:41:21,600 --> 01:41:25,679
Speaker 1: Asian Hate, we have these kind of like hashtag movements.

1878
01:41:25,680 --> 01:41:29,200
Speaker 1: There's a you know, a precedent people people really like

1879
01:41:29,360 --> 01:41:33,280
Speaker 1: to kind of glom onto these movements, and it's very

1880
01:41:33,280 --> 01:41:36,080
Speaker 1: clear that there's going to be a rise in Rusophobia.

1881
01:41:35,840 --> 01:41:38,880
Speaker 1: The thing with Russians is that you can't identify them

1882
01:41:38,960 --> 01:41:42,760
Speaker 1: as easily on the street, right, They can pass. So,

1883
01:41:43,479 --> 01:41:46,280
Speaker 1: I mean, I think that whatever is going on with

1884
01:41:46,360 --> 01:41:51,120
Speaker 1: Rusophobia in kind of the United States pales in comparison

1885
01:41:51,120 --> 01:41:54,280
Speaker 1: to what's going on in the Ukraine. I'm sure it's

1886
01:41:54,320 --> 01:42:02,000
Speaker 1: probably a fairly painful and demoralizing experience for expatriate Russians

1887
01:42:02,000 --> 01:42:04,960
Speaker 1: in the States because most of them, again I would gather,

1888
01:42:05,160 --> 01:42:11,160
Speaker 1: are probably again staunchly anti Putin and anti war. Yeah,

1889
01:42:11,439 --> 01:42:13,880
Speaker 1: I think that's all well said. Anna. Thank you so

1890
01:42:13,960 --> 01:42:16,559
Speaker 1: much for taking some time out to share your perspective

1891
01:42:16,600 --> 01:42:18,080
Speaker 1: with us. It's great to have you, it's great to

1892
01:42:18,080 --> 01:42:21,760
Speaker 1: meet you. Thanks Anna Scare in the ESCEP. Guys, go

1893
01:42:21,800 --> 01:42:24,559
Speaker 1: subscribe a red Scare if you're not already all right, Well,

1894
01:42:24,560 --> 01:42:27,360
Speaker 1: thank you guys, Thank you, Anna appreciate it very much.

1895
01:42:28,880 --> 01:42:31,040
Speaker 1: Thank you guys so much for watching we really appreciate it.

1896
01:42:31,120 --> 01:42:33,600
Speaker 1: I mean, it's it's been such a crazy couple of

1897
01:42:33,600 --> 01:42:36,599
Speaker 1: weeks here. Our premieres of Kyle and Marshall did quite

1898
01:42:36,600 --> 01:42:39,679
Speaker 1: well on the channel yesterday, Crystal, and we're very happy

1899
01:42:39,760 --> 01:42:43,240
Speaker 1: with them. We've got great, great content, great partnerships that

1900
01:42:43,320 --> 01:42:45,920
Speaker 1: you guys enable in order to pay for, you know,

1901
01:42:46,280 --> 01:42:49,000
Speaker 1: extra staff or the infrastructure in order to support that.

1902
01:42:49,280 --> 01:42:52,760
Speaker 1: We're creating an ecosystem here where we can support independent

1903
01:42:52,840 --> 01:42:56,439
Speaker 1: channels without all of the headaches of the traditional model.

1904
01:42:56,520 --> 01:42:59,400
Speaker 1: I really think we are pioneering something new in terms

1905
01:42:59,439 --> 01:43:02,240
Speaker 1: of our partnersh chips with Daily Poster and Matt Stoler

1906
01:43:02,240 --> 01:43:04,719
Speaker 1: and now Marshall and Kyle, and we've got big stuff

1907
01:43:04,760 --> 01:43:08,120
Speaker 1: in mind for the midterm elections. How exactly we can

1908
01:43:08,160 --> 01:43:11,479
Speaker 1: cover it exactly the proper way, hiring and partnering with

1909
01:43:11,520 --> 01:43:13,720
Speaker 1: the right people in the right districts to bring you

1910
01:43:13,840 --> 01:43:17,679
Speaker 1: holistic coverage and also just give us something very different

1911
01:43:17,680 --> 01:43:19,120
Speaker 1: from what I think you're going to hear on the

1912
01:43:19,160 --> 01:43:21,439
Speaker 1: mainstream media. You guys are the ones who support that

1913
01:43:21,640 --> 01:43:23,760
Speaker 1: with our premium members. So thank you all so much,

1914
01:43:23,840 --> 01:43:26,840
Speaker 1: kipping us keep the lights on, helping us keep expanding.

1915
01:43:27,040 --> 01:43:28,680
Speaker 1: The more you show up for us, the more we'll

1916
01:43:28,680 --> 01:43:31,160
Speaker 1: continue to use your trust and your hard earned money

1917
01:43:31,360 --> 01:43:32,920
Speaker 1: in a way to grow out the brand and give

1918
01:43:32,920 --> 01:43:35,080
Speaker 1: you guys the best product as possible. You're always our

1919
01:43:35,160 --> 01:43:37,360
Speaker 1: number one concern. So indeed, I also just want to

1920
01:43:37,360 --> 01:43:39,200
Speaker 1: throw out there, and Sager can back me up on this,

1921
01:43:39,320 --> 01:43:41,519
Speaker 1: that it was not actually my idea to bring Kyle

1922
01:43:41,600 --> 01:43:44,479
Speaker 1: onto the channel it was. Is that a conspiracy theory? Yeah,

1923
01:43:44,840 --> 01:43:48,200
Speaker 1: I floated it. Of course, everyone's like Pris's bring boyfriend

1924
01:43:48,320 --> 01:43:51,439
Speaker 1: for the channel. I asked Crystal to ask Kyle if

1925
01:43:51,439 --> 01:43:54,360
Speaker 1: you would do so. So that's at one percent. I

1926
01:43:54,360 --> 01:43:55,640
Speaker 1: didn't even you're going to bring that up, but it

1927
01:43:55,680 --> 01:43:58,519
Speaker 1: is true. I can that. Yeah, but people seem to

1928
01:43:58,560 --> 01:44:02,600
Speaker 1: respond well to it. Hey, yeah, so guess what. And

1929
01:44:02,640 --> 01:44:06,479
Speaker 1: here's the other thing that's very intentional about the model

1930
01:44:06,520 --> 01:44:09,360
Speaker 1: of partnerships that we're pursuing is that we really believe

1931
01:44:09,600 --> 01:44:14,400
Speaker 1: in a vibrant, independent media ecosystem. And so that means

1932
01:44:14,479 --> 01:44:17,000
Speaker 1: like we're one little hub and then if we can

1933
01:44:17,040 --> 01:44:21,040
Speaker 1: support you know, Stoler and what he's doing, Marshall and

1934
01:44:21,200 --> 01:44:24,200
Speaker 1: Jason Lee and Kyle and you know, and help to

1935
01:44:24,280 --> 01:44:28,679
Speaker 1: bolster this entire media ecosystem, that's something we really really

1936
01:44:28,720 --> 01:44:33,320
Speaker 1: believe in because there's no saving cable news. Okay, they're

1937
01:44:33,320 --> 01:44:35,680
Speaker 1: not going to change that model is what it is,

1938
01:44:36,080 --> 01:44:38,640
Speaker 1: and we have to have an alternative that lands for

1939
01:44:38,720 --> 01:44:42,120
Speaker 1: a wide variety of people, that has traction, that has scale.

1940
01:44:42,640 --> 01:44:45,360
Speaker 1: And I think that you know that this is our effort,

1941
01:44:45,360 --> 01:44:47,360
Speaker 1: our little contribution to trying to do that. And it

1942
01:44:47,400 --> 01:44:49,720
Speaker 1: looks it's great for us too because their content is

1943
01:44:49,800 --> 01:44:51,920
Speaker 1: fantastic and I know you guys are exactly And this

1944
01:44:52,040 --> 01:44:55,479
Speaker 1: gets to the traditional models in mainstream media. They own

1945
01:44:55,560 --> 01:44:58,240
Speaker 1: your stuff, they have a copyright, all of that. We

1946
01:44:58,280 --> 01:45:01,400
Speaker 1: don't do any of that. We don't demand any ownership stake, nothing.

1947
01:45:01,400 --> 01:45:03,599
Speaker 1: We're like, hey, we put it on here, we promote you,

1948
01:45:03,800 --> 01:45:06,200
Speaker 1: we forgive you as much of a exposure to the

1949
01:45:06,240 --> 01:45:08,679
Speaker 1: audience as possible. This is how it's going to work

1950
01:45:08,680 --> 01:45:11,960
Speaker 1: in a decentralized media environment and it is much better

1951
01:45:12,160 --> 01:45:15,400
Speaker 1: for everybody involved when we do so. So once again,

1952
01:45:15,600 --> 01:45:17,240
Speaker 1: you guys are the ones who are empowering that. It

1953
01:45:17,280 --> 01:45:19,280
Speaker 1: wouldn't exist without any of you, So thank you all

1954
01:45:19,360 --> 01:45:20,960
Speaker 1: very much. Yeah, and if you're able to support us,

1955
01:45:20,960 --> 01:45:22,880
Speaker 1: we really appreciate it. Yeah, we always really appreciate it.

1956
01:45:22,880 --> 01:45:25,040
Speaker 1: Thank you guys so much. Hope you had a great week.

1957
01:45:25,080 --> 01:45:26,880
Speaker 1: Hope you have a wonderful weekend. We've got some great

1958
01:45:26,880 --> 01:45:29,600
Speaker 1: content for posting for you over the weekend, and we

1959
01:45:29,640 --> 01:45:31,559
Speaker 1: will see you back here on Monday. See Monday