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

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Speaker 1: and we here at breaking points, are already thinking of

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

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Speaker 2: We rely on our premium subs to expand coverage, upgrade

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Speaker 2: the studio ad staff, give.

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Speaker 3: You, guys, the best independent coverage that is possible.

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Speaker 2: If you like what we're all about, it just means

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Speaker 2: the absolute world to have your support. But enough with that,

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Speaker 2: let's get to the show. Good morning, everybody, Happy Monday.

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Speaker 2: We have an amazing show for everybody today. What do

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Speaker 2: we have, Crystal.

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Speaker 1: Indeed, we do lots of things that are breaking this morning,

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Speaker 1: including the second largest bank failure in history unfolding as

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Speaker 1: we speak. We have all of those details for you.

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Speaker 1: Also some bombshell Epstein revelations. Chomsky, I don't know what's

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Speaker 1: going on.

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Speaker 4: There, buddy.

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Speaker 1: We'll talk about all of that. And not to mention

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Speaker 1: his meetings with a CIA chief. Not really that surprised

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Speaker 1: about that one. We have an incredible video of a

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Speaker 1: Biden voter really struggling to say exactly why she supports

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Speaker 1: him outside of opposition to Trump. We have some pretty

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Speaker 1: remarkable revelations, new revelations about Supreme Court corruption these involving

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Speaker 1: Chief Justice John Roberts, and we have the best and

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Speaker 1: worst for you from the White House Correspondence dinner. We

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Speaker 1: all react to that, and actually I'm excited to talk

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Speaker 1: to our guest today who has a report about very

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Speaker 1: key meeting in the run up to nine to eleven

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Speaker 1: and exactly whether or not the CIA may have had

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Speaker 1: some involvement that they have been long rumored but downplayed, etc.

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Speaker 1: So we'll get into all of that, but before we

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Speaker 1: do any of that, a bit of a visual revelation

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Speaker 1: for you update about how exactly our studio build is going.

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Speaker 3: Yes, that's right.

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Speaker 2: We want to thank all of you, our yearly and

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Speaker 2: lifetime members. We have our executive producer Griffin here. He's

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Speaker 2: going to show you and bringing guys inside into what

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Speaker 2: you want helping us.

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Speaker 4: This is what you have been helping us get.

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Speaker 2: The beautiful box of lights is one of almost a dozen.

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Speaker 3: Boxes that we have here in the studio.

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Speaker 2: It costs tens of thousands of dollars, but lighting is

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Speaker 2: I think this will rival any set in the entire

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Speaker 2: of the yearly and the lifetime members Crystal who have

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Speaker 2: a hell of a lot of money. But the reason

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Speaker 2: that we are doing it is because we know how

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Speaker 2: important it is not only to you to have something

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Speaker 2: share with your friends and your family, and it will

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Speaker 1: Thank you for making this box possible. By the way,

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Speaker 1: you know, this is a big investment for us, but

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Speaker 1: it's one we really believe in in terms of upping

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Speaker 1: the professional quality of the show. This is something we've

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Speaker 1: been committed to since the beginning of Breaking Points. When

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Speaker 1: we launched, we only wanted to do it if we

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Speaker 1: could do it the right way and continuously improve with

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Speaker 1: your support.

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Speaker 4: We believe in you, guys. We believe in the show.

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Speaker 1: and the many more like it, and can't wait for

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Speaker 1: you to see the full set. I think you'll be

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Speaker 1: as excited about it as we are.

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Speaker 3: But with that, we're going to go ahead.

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Speaker 1: Yeah, give us a second, we'll get this off the

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Speaker 1: desk and we'll get on with the show.

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Speaker 3: So we'll see you in one second.

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Speaker 1: So the biggest news this morning, as I mentioned before,

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Speaker 1: is the second largest bank failure in history. This is

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Speaker 1: First Republic Bank. Let's put this up on the screen.

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Speaker 1: They have now been seized by regulators and sold to

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Speaker 1: JP Morgan Chase. As part of the deal, eighty four

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Speaker 1: First Republic branches in eight states will reopen as JP

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Speaker 1: Morgan branches on Monday. Let me read you some of

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Speaker 1: the details here. This is courtesy of the New York Times.

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Speaker 1: They say regulators seize control First Republic Bank and sold

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Speaker 1: it to JP Morgan Chase on Monday, a dramatic move

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Speaker 1: aimed at curbing a two month banking crisis that has

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Speaker 1: rattled the financial system. First Republic, whose assets were battered

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Speaker 1: by the rise in interest rates that fed rise in

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Speaker 1: interest rates, had struggled to stay alive after two other

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Speaker 1: lenders collapsed last month, spooking depositors and investors. First Republic

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Speaker 1: was taken over by the Federal Deposit Insurance Corporation the

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Speaker 1: FDIC and immediately sold to JP Morgan. The deal was

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Speaker 1: announced hours before US markets are set to open, and

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Speaker 1: after a scramble by officials over the weekend, later on Monday.

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Speaker 4: So happening today.

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Speaker 1: First Republic branches will be converted to JP Morgan branches.

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Speaker 1: This is all happening like this. JP Morgan will quote

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Speaker 1: assume all of the deposits and substantially all of the

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Speaker 1: assets of First Republic Bank. The FDIC said in a

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Speaker 1: statement they estimated the insurance fund would have to pay

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Speaker 1: out about thirteen billion dollars to cover First Republic losses.

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Speaker 1: Put the next piece up on the screen so we

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Speaker 1: can give you some of the backstory of how we

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Speaker 1: got here. So last week we learned that First Republic

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Speaker 1: lost one hundred billion dollars in deposits during the banking panic,

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Speaker 1: So this is basically in the wake of that Silicon

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Speaker 1: Valley Bank collapse. People freaked out about First Republic Bank

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Speaker 1: primarily because they shared a very similar wealthy Silicon Valley

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Speaker 1: clientele with a lot of uninsured deposits, and most of

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Speaker 1: what fled the bank during that period was those uninsured

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Speaker 1: deposits over two hundred and fifty k.

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Speaker 4: After people you know.

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Speaker 1: Similar clients out watch Silicon Valley Bank collapsed, realized that

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Speaker 1: there was a similar interest rate exposure at First Republic Bank,

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Speaker 1: and those customers pulled about one hundred billion dollars in

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Speaker 1: deposits out of First Republic Bank. The bank management has

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Speaker 1: been trying to hold on. They had a huge infusion

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Speaker 1: thirty billion dollar infusion from the other major banks in

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Speaker 1: the first quarter, hoping that they could keep it together.

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Speaker 4: But after that.

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Speaker 1: Revelation of just how much of the deposits they had lost,

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Speaker 1: the stock completely fell off a cliff.

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Speaker 4: We have that for you as well.

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Speaker 1: Can see what it looked like, lost over ninety percent

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Speaker 1: of its value. Put this next piece up on the

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Speaker 1: screen so you can see the chart. This is the

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Speaker 1: year to date, so you think see things are going along, okay,

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Speaker 1: And then where you see that initial plunge is right

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Speaker 1: around the time that you know you've got the situation

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Speaker 1: Silicon Valley Bank. And then in recent days when you

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Speaker 1: had the revelations about how big the deposit losses, where

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Speaker 1: you see another plunge. But obviously the stock had been

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Speaker 1: getting hammered for some time, and over the weekend we

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Speaker 1: kind of knew this was coming because the government had

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Speaker 1: solicited bids from JP Morgan Chase and a number of

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Speaker 1: other banks. It's also worth noting here, Sagar, that JP

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Speaker 1: Morgan Chase, Now I mean this bank, it was already behemoth.

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Speaker 1: It's going to be even more so, I was reading

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Speaker 1: from the Financial Times. If they were to win, it

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Speaker 1: would need the US government to actually provide an exception

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Speaker 1: to a rule preventing any bank from making an acquisition

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Speaker 1: providing it with more than ten percent of all US deposits.

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Speaker 1: JP Morgan, the nation's largest bank, is already above that cap,

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Speaker 1: so they would need another exception in order to do this,

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Speaker 1: And of course it would put CEO Jamie Diamond at

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Speaker 1: the center of a national banking crisis for the second time.

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Speaker 3: Yeah, for me.

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Speaker 2: Take way is that two thousand and eight was all

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Speaker 2: about making sure too big to fail never happened again.

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Speaker 2: But the de facto policy of the US government and

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Speaker 2: financial regulator since two thousand and eight has basically just

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Speaker 2: been too enshrine too big to fail and make it

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Speaker 2: so that these massive corporations, the JP Morgan's, the Wells,

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Speaker 2: Farcos and those other financials, City Bank and others are

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Speaker 2: so big that they basically become infused with the state,

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Speaker 2: and it's like a quasi state policy. On top of that,

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Speaker 2: you have several regional banks, people like Silicon Valley Bank,

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Speaker 2: First Republic Bank, where it turns out, though that the

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Speaker 2: regulators were totally asleep at the wheel with those and

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Speaker 2: so what happens when they fail? They get rolled up

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Speaker 2: into the behemos And now I mean.

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Speaker 3: Yeah, it's a catastrophe.

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Speaker 2: How can you have a guy like Jamie Diamond, and

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Speaker 2: it's not even just about Jamie Diamond. How can you

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Speaker 2: have a single financial institution be in charge of ten, fifteen,

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Speaker 2: twenty percent almost of all of the posits in the

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Speaker 2: entire nation. I mean, that person is frankly even more

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Speaker 2: powerful in some ways in the US government in terms

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Speaker 2: of what they can have.

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Speaker 4: It may get overnight the way, of course, in the.

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Speaker 2: History of that way, I mean an overnight change in

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Speaker 2: their interest rates or savings policy or checking policy impacts

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Speaker 2: tens of millions of Americans on an instantaneous basis, could

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Speaker 2: literally change the entire US economy. They're not idiots, and

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Speaker 2: they know that as well when you consider the top

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Speaker 2: three banks in the entire country. So the problem has

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Speaker 2: been is that we've moved to more corporatized banking, away

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Speaker 2: from some of these smaller, smaller regional banks and credit

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Speaker 2: unions which had ties into the community. They were willing,

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Speaker 2: you know, evolved in such a way that they had

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Speaker 2: they had a real relationship I think with many of

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Speaker 2: their depositors, where we are now moving to an overall

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Speaker 2: like corporate umbrella. And it's really troubling too, because how

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Speaker 2: did this happen? Why is this the second largest bank

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Speaker 2: you know, failure in the in history. It's not just

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Speaker 2: about irresponsible behavior within a first Republic bank.

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Speaker 3: It's also tail about interest rates.

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Speaker 2: And that's an interesting question too, where the people who

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Speaker 2: are interest rate proof are the too bait to fail institutions,

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Speaker 2: and then the little guys like Silicon Valley. But I'm

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Speaker 2: not justifying their behavior, but we should bear note that

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Speaker 2: the reason that they failed is one because of the

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Speaker 2: Federal Reserve.

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Speaker 1: There's actually a new FED report looking into the failure

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Speaker 1: of Silicon Valley Bank that we're going to get to

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Speaker 1: in a moment that points the finger in all directions failure.

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Speaker 1: You know, the rollback of regulations. FED regulators, especially the

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Speaker 1: San Francisco FED folks. Silicon Valley Bank presidents sat on

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Speaker 1: the board of by the way, their failure the bank's failure.

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Speaker 1: So I'll get into those details in just a moment

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Speaker 1: before I get into the bigger picture here. I think

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Speaker 1: it is important to understand some of the specifics of

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Speaker 1: what happened. As I said before, after Silicon Valley Bank fails,

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Speaker 1: and you have the same very wealthy clientele with their

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Speaker 1: asses out with huge uninsured deposits at this bank, they

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Speaker 1: pull their deposits like crazy after Silicon Valley Bank fail.

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Speaker 4: So that's one piece.

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Speaker 1: The other part of this is this bank's special specialty

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Speaker 1: was in very large low interest mortgages. So again that's

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Speaker 1: where the huge interest rate risk comes in from them,

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Speaker 1: and that's where the FED policy of continuously hiking rates,

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Speaker 1: even in the wake of the Silicon Valley Bank collapse,

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Speaker 1: ends up hammering to them to the point that their

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Speaker 1: balance sheet is a disaster and a mess and there's

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Speaker 1: no way that they can recover. So it's those two

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Speaker 1: pieces coming together that led to this collapse. I also

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Speaker 1: think it's important to note in terms of broader contagion,

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Speaker 1: it's early, but it does look like Signature Bank, which

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Speaker 1: was that crypto aligned bank that failed, Silicon Valley Bank,

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Speaker 1: and First Republic Bank. It seems like these three were

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Speaker 1: sort of outliers in terms of their exposure, in terms

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Speaker 1: of their client tele in terms of their concentration in

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Speaker 1: one industry, which created additional risks for them. It doesn't

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Speaker 1: look like the rest of the banking sector is directly

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Speaker 1: impacted by these particular failures. But again it's early, and

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Speaker 1: I'm going to tell you we also have some warnings

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Speaker 1: from Charlie Munger about some other risks that may be

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Speaker 1: going on for banks in terms of their balance sheets.

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Speaker 1: I'm also taking a look at the markets right now.

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Speaker 1: This is PERCNBC. Now futures are flat. There was I

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Speaker 1: think sort of an expectation that this was probably going

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Speaker 1: to happen, that was already sort of priced into the market,

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Speaker 1: So not a huge market reaction here either. Now in

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Speaker 1: terms of what this means for our banking sector, what

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Speaker 1: it means for too big to fail, you know, Kyle

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Speaker 1: said this to me, and I think it's true. It's like, well,

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Speaker 1: whenever capitalism fails, socialism's there to like backstop.

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Speaker 4: It and prop it up.

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Speaker 1: But it's not just the big banks like JP Morgan

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Speaker 1: Chase are too big to fail, with Silicon Valley Bank

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Speaker 1: and Signature Bank. Now we de facto have a policy

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Speaker 1: that all banks are effectively too big to fail. So

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Speaker 1: you've got Jamie Diamond sitting now on top of his

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Speaker 1: own massive, incredibly powerful empire, making tons of money himself,

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Speaker 1: his executive shareholders, whatever, and with the implicit backing and

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Speaker 1: guarantee of the US taxpayers. So it is the definition

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Speaker 1: of privatize the profits and socialize the losses. And far

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Speaker 1: from fixing this problem after two thousand and eight, we've

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Speaker 1: actually just expanded the definition of too big to fail

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Speaker 1: to be throughout the entire banking system.

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Speaker 5: Yeah.

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Speaker 2: Actually, if you even read diamond statement about why he

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Speaker 2: bought First Republic quote, our government invited us and others

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Speaker 2: to step up, and we did. Our financial strength and

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Speaker 2: capabilities allow us to develop a bid to execute this transaction.

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Speaker 2: And in fact, they are taking no losses on the transaction.

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Speaker 2: It's all upside. It's basically just like what happened in

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Speaker 2: two thousand and eight when Tim Geithner and the other

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Speaker 2: regulators got involved called Jamie Diamond up and said, we

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Speaker 2: will guarantee basically all of the downside and we will

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Speaker 2: make sure that you have only upside. And how did

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Speaker 2: that work out for them? It worked out incredibly well.

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Speaker 2: So you know, it's a nice business that you can

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Speaker 2: get into where you can make dumb decisions and look

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Speaker 2: government policy.

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Speaker 3: It impacted us our bottom.

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Speaker 2: Line and impacted every small business in the entire country.

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Speaker 2: Nobody's coming to save us if.

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Speaker 3: Things go down.

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Speaker 2: What we have to do is turn to the people

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Speaker 2: who support us and you know, do better business and

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Speaker 2: say a please, this is the thing that we're in

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Speaker 2: and you.

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Speaker 3: Have to make tough decisions.

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Speaker 2: None of those appear to apply to the banking sector,

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Speaker 2: and I think that's crazy. You know, why don't they

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Speaker 2: just get to do business like everybody else.

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Speaker 1: Yeah, I think the FED context here is really important

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Speaker 1: because there were specific risks with these banks, you know,

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Speaker 1: who were irresponsible, made bad decisions, and you know, put

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Speaker 1: themselves in a very precarious position, and they're pushed over

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Speaker 1: the edge by a FED policy of hiking rates that

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Speaker 1: hasn't even directly impacted what it is supposed to be impacting,

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Speaker 1: which is.

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Speaker 4: Bringing inflation down.

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Speaker 1: Why because the FED policy, as we've discussed many times

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Speaker 1: before but is always worth reiterating, this is designed to

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Speaker 1: bring wages down and unemployment up, to kick people out

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Speaker 1: of their jobs. But it actually doesn't get at one

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Speaker 1: of the most key pieces of inflation, which is the

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Speaker 1: way that corporations have used their market power in order

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Speaker 1: to lift their prices and price gouge consumers. It deals

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Speaker 1: nothing with the supply issues that we have, for example,

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Speaker 1: in the housing market. In fact, it's creating some additional

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Speaker 1: issues in the housing market because of the way more

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Speaker 1: mortgage rates have gone out that's kind of created a

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Speaker 1: freeze in the market that has kept prices from going

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Speaker 1: down significantly. So that policy is underlying a lot of

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Speaker 1: the turmoil and chaos that you're seeing in the economy

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Speaker 1: right now, and specifically with these banks. As I mentioned before,

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Speaker 1: let's get to this piece regarding Silicon Valley Bank. We

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Speaker 1: just got a report from the FED of their own

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Speaker 1: analysis of what exactly went wrong here, and lo and behold,

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Speaker 1: they actually point some fingers at themselves and their own

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Speaker 1: regulatory failure. Let's put this up on the screen, this

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Speaker 1: next piece. So the US FED admits this from barons

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Speaker 1: to failings in Silicon Valley Bank oversight. They called for

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Speaker 1: greater banking oversite. They admitted some failures of their own

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Speaker 1: in a widely anticipated report that was published Friday about

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Speaker 1: the collapse of Silicon Valley Bank. They write, following Silicon

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Speaker 1: Valley Banks failure, we must strengthen the Federal Reserve supervision

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Speaker 1: and regulation based on what we have learned. That was

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Speaker 1: written by Federal Reserve Vice Chair for Supervision Michael Barr.

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Speaker 1: In a statement accompanying the report, they said Silicon Valley

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Speaker 1: Banks management failed to adequately manage risk prior to the

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Speaker 1: bank swift collapse, while FED supervisors failed to take forceful

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Speaker 1: enough action after they had identified issues at the California

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Speaker 1: high tech lender. So a few things that they point to.

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Speaker 1: Number one, they point to what they describe as a

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Speaker 1: culture under the previous FED chair for FED Vice Chair

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Speaker 1: for bank supervision that did not force accountability even after

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Speaker 1: they identify problems with this bank, because this is something

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Speaker 1: we reported before that it's not like they didn't know

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Speaker 1: that there were riskier They knew. They sent their little

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Speaker 1: notices to the bank of like, hey guys, what, they

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Speaker 1: didn't actually do anything and this was all the San

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Speaker 1: Francisco FED.

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Speaker 4: So there's that piece.

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Speaker 1: They also point to those Trump era regulations which were

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Speaker 1: rolled back so that in Silicon Valley Bank themselves went

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Speaker 1: and lobbied for these regulations to be rolled back so

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Speaker 1: that they would have less stringent standards and not have

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Speaker 1: to face some of the stress tests that they would

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Speaker 1: if they were a larger bank. So they point specific

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Speaker 1: specifically to that. It's called tailoring the rules. The tailoring

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Speaker 1: obviously completely failed. And then of course they point the

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Speaker 1: finger rightly so at the management of Silicon Valley Bank,

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Speaker 1: which was more interested in sort of like covering their

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Speaker 1: ass and short term gain than really understanding the risks

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Speaker 1: that were posed by the way that they had consolidated

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Speaker 1: in this one industry and the way that they had

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Speaker 1: this interest rate risk compounded on top of interest rate

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Speaker 1: risk that made them very vulnerable.

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Speaker 2: Yeah, I think it's important for everybody to read that

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Speaker 2: report because what really comes out is one where the

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Speaker 2: Federal Reserve is they're supposed to be the watchdogs, and

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Speaker 2: their entire existence is around the independence set up by

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Speaker 2: Congress outside of the democratic process and the theory that

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Speaker 2: these experts can do a better job than democratic oversight.

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Speaker 3: Well, how did it work out? It turns out they're

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Speaker 3: not doing it.

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Speaker 2: And this is again why I think that the preferential

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Speaker 2: policy is to have as few banks as possible that

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Speaker 2: have massive control because they're easier to regulate. Of course,

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Speaker 2: you only have to deal with six guys. You're like, hey, guys,

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Speaker 2: this is now the policies. Everybody's like, okay, they don't

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Speaker 2: actually want to have smaller banks to be regulated because

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Speaker 2: when they do, especially like Silicon Valley Bank, which is

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Speaker 2: outside the norm, they operate very differently, mostly in time

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Speaker 2: intertwined with the tech sector.

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Speaker 3: They basically just said, you guys do whatever you want.

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Speaker 3: You know, you're good.

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Speaker 2: You guys are printing money the tech sector economy.

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Speaker 3: You're very different than the rest of these banks.

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Speaker 2: So we're just not going to even develop a new

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Speaker 2: agency or whatever to try and understand your business. Model,

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Speaker 2: and you know, fails overnight and everybody in the country's like, wait,

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Speaker 2: what are we living in two thousand and eight, aen,

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Speaker 2: what's happening? I mean, I don't think we should understand

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Speaker 2: just because First Republic isn't you know, a contagion across

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Speaker 2: a banking sector.

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Speaker 3: This is still making a crazy story.

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Speaker 2: You have two massive, no three actually bank failures in

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Speaker 2: the span of three months. I mean that's actually more

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Speaker 2: than what we had in some of the early periods

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Speaker 2: of two thousand and eight. So yes, it may not

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Speaker 2: impact you directly, but you know, we're setting the stage

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Speaker 2: or something pretty crazy down the line. Yeah, and I

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Speaker 2: think people should get that.

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Speaker 6: Yeah.

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Speaker 4: Absolutely.

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Speaker 1: In terms of FED oversight, Stolar and others have pointed

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Speaker 1: to a cultural shift that you know, this guy Michael

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Speaker 1: Barry is pointing the blame at his predecessor, like, oh,

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Speaker 1: that guy, he didn't do a great job here. I'm

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Speaker 1: doing a much better job in the position. Maybe that's

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Speaker 1: the case, but it, you know, doesn't really appear that

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Speaker 1: way at this present moment. But there's been a longer

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Speaker 1: term cultural shift that came from an assumption in the

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Speaker 1: Green Span FED era that effectively these banks were now

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Speaker 1: so big and they were so complicated that there was

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Speaker 1: no way the government could really effectively understand them and

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Speaker 1: effectively supervise them and effectively regulate them. So the shift

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Speaker 1: in the culture happened really decades ago where there was

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Speaker 1: a view of, you know what, since we can't really

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Speaker 1: do this ourselves and really get our arms around this

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Speaker 1: in the way that we used to be able to,

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Speaker 1: we are going to outsource the job of supervision to

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Speaker 1: the marketplace. Our focus is going to be on creating

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Speaker 1: these sort of rules and guidelines that they had, these

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Speaker 1: hoops that they have to jump through, and then this

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Speaker 1: push towards just making things transparent so that the investors

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Speaker 1: and the depositors and the customers so they can do

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Speaker 1: their own due diligence and really understand and hold these

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Speaker 1: banks to account. Obviously, I mean, it's like the ultimate

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Speaker 1: neoliberal view of the world, right, like we'll just kick

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Speaker 1: it to the markets and let them figure it out.

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Speaker 1: That culture and that direction of banking supervision has obviously

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Speaker 1: been an utter and complete failure, and it leads to

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Speaker 1: situations like you have with Silicon Valley Bank, where the

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Speaker 1: regulators were like, this is kind of an issue we're

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Speaker 1: going to flag it for you, you know, we're going

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Speaker 1: to tell you, like, maybe you should do something about this,

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Speaker 1: but we're not actually going to take action because they

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Speaker 1: no longer had that culture of feeling like this was

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Speaker 1: really their responsibility to take on. So I think that's

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Speaker 1: underlying all of this, which is a much bigger problem

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Speaker 1: than these three banks. It's a much bigger problem than

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Speaker 1: Randall Quarrels, the last you know, FED Vice chair for supervision.

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Speaker 1: It's even a much bigger problem. Even though this was

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Speaker 1: a major issue as well than the regulatory rollback that

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Speaker 1: was in twenty eighteen, which I'll remind you, I mean,

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Speaker 1: this was a Trump era initiative. It was supported by

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Speaker 1: a number of Democratic senators, Mark Warner prominent among them,

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Speaker 1: who still still was defending the rollback of these regulations

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Speaker 1: that allowed Silicon Valley Bank and other banks to skate

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Speaker 1: and not face the type of supervision that they should

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Speaker 1: and scrutiny that they should.

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Speaker 4: Have been under.

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Speaker 1: And the explicit argument that was made by Silicon Valley

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Speaker 1: Bank at the time was we're not systemically important, so

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Speaker 1: you know, we're good, we're not risky, like we're fine anyway,

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Speaker 1: don't worry about us, But even if we were to fail,

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Speaker 1: it's no big deal.

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Speaker 4: We're not systemically important.

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Speaker 1: And of course we saw the way that that was

443
00:21:08,840 --> 00:21:10,919
Speaker 1: clearly not the case, at least in terms of the

444
00:21:10,960 --> 00:21:15,119
Speaker 1: way that our federal government reacted to their failure. I

445
00:21:15,160 --> 00:21:17,360
Speaker 1: personally think it might have been fine if they let

446
00:21:17,400 --> 00:21:20,320
Speaker 1: it be unwound in the you know, standard process. But

447
00:21:20,400 --> 00:21:23,120
Speaker 1: they came in and basically transformed the entire banking system

448
00:21:23,840 --> 00:21:28,640
Speaker 1: and put in place extraordinary measures, extraordinary programs in reaction

449
00:21:28,840 --> 00:21:32,600
Speaker 1: to that bank failure, really exposing the lie that obviously,

450
00:21:32,640 --> 00:21:34,840
Speaker 1: at least in terms of our federal government, the way

451
00:21:34,880 --> 00:21:37,360
Speaker 1: they viewed this, they did view Silicon Valley Bank as

452
00:21:37,480 --> 00:21:41,119
Speaker 1: systemically important, and you know, logic would dictate that they

453
00:21:41,160 --> 00:21:45,160
Speaker 1: also view other medium range banks of that size in

454
00:21:45,240 --> 00:21:47,879
Speaker 1: a similar manner. First Republic Bank is actually larger. I

455
00:21:47,920 --> 00:21:50,399
Speaker 1: mean this is this is the second largest bank failure.

456
00:21:50,640 --> 00:21:53,879
Speaker 1: So this is a huge bank failing. So nobody should

457
00:21:53,920 --> 00:21:55,840
Speaker 1: just be like shrugging their shoulders about what any of

458
00:21:55,920 --> 00:21:56,320
Speaker 1: this means.

459
00:21:56,359 --> 00:21:58,320
Speaker 2: No, And Charlie Munger, you know, to your point, as

460
00:21:58,320 --> 00:22:00,359
Speaker 2: you said, has also been raising some along put this

461
00:22:00,480 --> 00:22:02,080
Speaker 2: up there on the screen. He says that the banks

462
00:22:02,080 --> 00:22:04,800
Speaker 2: are quote full of bad commercial property loans, and that

463
00:22:04,840 --> 00:22:06,920
Speaker 2: while it's not as bad as it was in two

464
00:22:06,920 --> 00:22:09,679
Speaker 2: thousand and eight, quote, trouble happens to banking, just like

465
00:22:09,720 --> 00:22:11,760
Speaker 2: trouble happens everywhere else. In the good times, you get

466
00:22:11,760 --> 00:22:14,280
Speaker 2: into bad habits, and when bad habits come, they lose

467
00:22:14,400 --> 00:22:17,320
Speaker 2: too much. So what he's basically speaking there is about

468
00:22:17,320 --> 00:22:20,240
Speaker 2: those commercial property loans that they have on their books,

469
00:22:20,280 --> 00:22:24,600
Speaker 2: not as penetrating as the aboriginal mortgage backed securities that

470
00:22:24,640 --> 00:22:26,479
Speaker 2: were on the books in two thousand and eight. But

471
00:22:26,640 --> 00:22:29,400
Speaker 2: that's directly how it relates to the interest rate rises,

472
00:22:29,640 --> 00:22:32,679
Speaker 2: which is and plus COVID all the catastrophes happening in

473
00:22:32,680 --> 00:22:34,600
Speaker 2: the commercial property sector.

474
00:22:34,280 --> 00:22:35,320
Speaker 3: And you know, voila.

475
00:22:35,480 --> 00:22:38,520
Speaker 2: People were over exposed to that get nuked and now

476
00:22:38,560 --> 00:22:42,719
Speaker 2: they're just dead overnight. And we're supposed to have the

477
00:22:42,720 --> 00:22:45,840
Speaker 2: Federal Reserve and other regulators make sure that this doesn't happen,

478
00:22:46,080 --> 00:22:47,840
Speaker 2: and now we've had three in the last couple of months.

479
00:22:47,960 --> 00:22:51,040
Speaker 1: Yeah, does anyone feel confident that there aren't other banks

480
00:22:51,040 --> 00:22:53,480
Speaker 1: out there that are super exposed to this commercial real

481
00:22:53,560 --> 00:22:57,120
Speaker 1: estate situation, for example, or some other interst rate risk

482
00:22:57,280 --> 00:22:59,879
Speaker 1: that you know that they maybe are aware of, but

483
00:23:00,080 --> 00:23:03,119
Speaker 1: didn't really push or do anything about. So we're going

484
00:23:03,160 --> 00:23:05,000
Speaker 1: to find out in the coming days and weeks and

485
00:23:05,040 --> 00:23:09,119
Speaker 1: months exactly how all of this unfolds. But already extraordinary

486
00:23:09,160 --> 00:23:12,679
Speaker 1: situation with these three significant banks failing in succession in

487
00:23:12,760 --> 00:23:13,800
Speaker 1: a very short period of time.

488
00:23:13,880 --> 00:23:15,240
Speaker 2: Yeah, I think that's right, And I think the sad

489
00:23:15,240 --> 00:23:17,280
Speaker 2: part is that from a rational actor point of view,

490
00:23:17,320 --> 00:23:19,720
Speaker 2: on the individual level, you know, the thing you should

491
00:23:19,760 --> 00:23:22,560
Speaker 2: do is you should move your money to the safest banks,

492
00:23:22,560 --> 00:23:22,920
Speaker 2: which are.

493
00:23:22,880 --> 00:23:23,800
Speaker 4: The big, onest margin.

494
00:23:23,920 --> 00:23:24,120
Speaker 6: Yeah.

495
00:23:24,119 --> 00:23:26,600
Speaker 2: I mean, like again, on an individual level, that is

496
00:23:26,600 --> 00:23:29,160
Speaker 2: probably the best thing to do. The whole point, though,

497
00:23:29,240 --> 00:23:31,359
Speaker 2: is to try and make the incentives such that we

498
00:23:31,560 --> 00:23:33,560
Speaker 2: don't want to do that. This was some of the

499
00:23:33,600 --> 00:23:37,520
Speaker 2: worst nightmares of the original progressive era and the era

500
00:23:37,640 --> 00:23:42,760
Speaker 2: of combination and of power. They understood what a completely

501
00:23:42,880 --> 00:23:46,480
Speaker 2: oligarchic controlled banking sector would mean for the entire country,

502
00:23:46,480 --> 00:23:48,120
Speaker 2: and there were a lot of farmers and others who

503
00:23:48,160 --> 00:23:50,200
Speaker 2: have been foreclosed on and destroyed over the years who

504
00:23:50,200 --> 00:23:52,800
Speaker 2: fought very hard against that. Unfortunately, probably going to have to

505
00:23:52,800 --> 00:23:57,159
Speaker 2: learn that lesson all over again. Let's go to the

506
00:23:57,160 --> 00:23:59,879
Speaker 2: next story here, which is very important and just stun

507
00:24:00,280 --> 00:24:04,359
Speaker 2: and stunning, but also not stunning. It's just confirmation, I guess,

508
00:24:04,359 --> 00:24:05,960
Speaker 2: of some many things that we already knew.

509
00:24:06,040 --> 00:24:07,520
Speaker 3: Let's gohead and put it up there on the screen.

510
00:24:07,720 --> 00:24:11,239
Speaker 2: The Wall Street Journal broke this massive story where they

511
00:24:11,280 --> 00:24:16,400
Speaker 2: got access to Jeffrey Epstein's private calendar from twenty and fourteen,

512
00:24:16,840 --> 00:24:21,600
Speaker 2: and that calendar alone, just from twenty fourteen shows some

513
00:24:21,640 --> 00:24:25,760
Speaker 2: of the most extraordinary names in the United States, one

514
00:24:25,800 --> 00:24:29,440
Speaker 2: of them being William Burns. You may not know who

515
00:24:29,440 --> 00:24:33,400
Speaker 2: that is. It's the director of the CIA who apparently

516
00:24:33,560 --> 00:24:39,080
Speaker 2: quote had three meetings scheduled with Jeffrey Epstein in twenty fourteen.

517
00:24:39,160 --> 00:24:41,359
Speaker 2: I guess, to be fair to mister Burns, he was

518
00:24:41,400 --> 00:24:45,679
Speaker 2: only then the mere Deputy Secretary of State, Secretary of

519
00:24:46,400 --> 00:24:53,080
Speaker 2: State Department, with longtime ties to US intelligence. He actually

520
00:24:53,160 --> 00:24:57,120
Speaker 2: confirmed the meeting that was shown on the Epstein calendar.

521
00:24:57,240 --> 00:25:00,600
Speaker 2: One that happened here in Washington, another happened at his

522
00:25:00,640 --> 00:25:04,320
Speaker 2: private residence in New York. His excuse was this, he

523
00:25:04,440 --> 00:25:08,960
Speaker 2: had no idea who Jeffrey Epstein was. He knew that

524
00:25:09,080 --> 00:25:12,280
Speaker 2: he was connected in the financial sector, and since that

525
00:25:12,359 --> 00:25:15,600
Speaker 2: he was transitioning out of government, he thought it.

526
00:25:15,560 --> 00:25:17,440
Speaker 3: Would be a good person to meet.

527
00:25:17,800 --> 00:25:21,120
Speaker 2: Keep in mind, this is after Epstein has already been

528
00:25:21,960 --> 00:25:25,520
Speaker 2: convicted in Florida and is just a registered sex offender.

529
00:25:25,200 --> 00:25:28,439
Speaker 3: So it takes no more than a Google search.

530
00:25:29,040 --> 00:25:31,920
Speaker 2: This is where do you really believe, in the era

531
00:25:32,040 --> 00:25:34,920
Speaker 2: of Google, that a Deputy Secretary of State of the

532
00:25:35,040 --> 00:25:38,880
Speaker 2: United States goes to New York City to a townhouse

533
00:25:38,920 --> 00:25:42,880
Speaker 2: which is infamous for being a pedophile playground, to actually

534
00:25:42,880 --> 00:25:45,840
Speaker 2: and does not google the person that he is going

535
00:25:46,119 --> 00:25:48,280
Speaker 2: to have dinner with. I've never gotten to dinner with

536
00:25:48,320 --> 00:25:50,480
Speaker 2: somebody who I didn't know. I recently went to a

537
00:25:50,520 --> 00:25:53,200
Speaker 2: dinner party with a people who I didn't know, and yeah,

538
00:25:53,240 --> 00:25:53,639
Speaker 2: I google.

539
00:25:53,680 --> 00:25:54,840
Speaker 3: I was like, who are these people? You know?

540
00:25:54,880 --> 00:25:56,600
Speaker 2: I don't even want to be in a sketchy situation.

541
00:25:56,760 --> 00:26:00,719
Speaker 2: So that's what most normal people do. And this is

542
00:26:00,800 --> 00:26:04,200
Speaker 2: I'm not the Deputy Secretary of State and the CIA

543
00:26:04,280 --> 00:26:06,680
Speaker 2: CIA director. I was saying this in our editorial call.

544
00:26:06,800 --> 00:26:08,040
Speaker 2: It almost just takes all.

545
00:26:07,920 --> 00:26:09,119
Speaker 3: The mystery out of it.

546
00:26:09,280 --> 00:26:10,959
Speaker 2: At this point, you're just like, yeah, all right, Like

547
00:26:11,240 --> 00:26:14,480
Speaker 2: when you have the CIA director having multiple meetings of

548
00:26:14,520 --> 00:26:16,199
Speaker 2: Jeffrey Epstein in a single year. By the way, this

549
00:26:16,240 --> 00:26:17,719
Speaker 2: is the only one year that we know about there

550
00:26:17,760 --> 00:26:19,240
Speaker 2: could be many more meetings. These are the only ones

551
00:26:19,280 --> 00:26:22,320
Speaker 2: they're copping to because happened to appear in his calendar.

552
00:26:22,960 --> 00:26:23,919
Speaker 3: What else is left?

553
00:26:24,280 --> 00:26:27,240
Speaker 2: I mean, this is it, people like, it's almost case

554
00:26:27,280 --> 00:26:29,760
Speaker 2: closed in terms of what he did and how many

555
00:26:29,760 --> 00:26:30,760
Speaker 2: more people are ensnared?

556
00:26:30,880 --> 00:26:35,680
Speaker 3: Who knows? But this CIA director it's done. It's done.

557
00:26:35,880 --> 00:26:39,080
Speaker 1: I mean his pattern, which comes out very much in

558
00:26:39,160 --> 00:26:41,240
Speaker 1: this Wall Street Journal report, which, by the way, I

559
00:26:41,280 --> 00:26:43,840
Speaker 1: am dying to know how they got this trove of documents,

560
00:26:43,920 --> 00:26:45,000
Speaker 1: how they got their hands on.

561
00:26:44,920 --> 00:26:47,600
Speaker 2: It came from the US Vision Islands because we're doing

562
00:26:47,880 --> 00:26:50,840
Speaker 2: secon our second segment here in a bit, it almost

563
00:26:50,880 --> 00:26:52,280
Speaker 2: certainly had to come from them because they have so

564
00:26:52,320 --> 00:26:52,920
Speaker 2: much access to it.

565
00:26:53,000 --> 00:26:55,720
Speaker 1: Yeah, I mean incredible information because this is all you know,

566
00:26:55,720 --> 00:26:58,000
Speaker 1: we've heard all about like the Black Book and whatever like.

567
00:26:58,040 --> 00:27:00,439
Speaker 1: These were all meetings that were nowhere to be found

568
00:27:00,520 --> 00:27:04,119
Speaker 1: in that So this is new revelations about many people

569
00:27:04,200 --> 00:27:07,280
Speaker 1: that you know, we had no idea were associated whatsoever

570
00:27:07,320 --> 00:27:11,880
Speaker 1: with Jeffrey Epstein. And the picture that is painted by

571
00:27:11,880 --> 00:27:13,880
Speaker 1: the Wall Street Journal here, which is one that we've

572
00:27:13,880 --> 00:27:18,560
Speaker 1: seen painted before, is he uses his wealth and the

573
00:27:18,560 --> 00:27:22,159
Speaker 1: connections that he's already established with wealthy and powerful people

574
00:27:22,520 --> 00:27:25,399
Speaker 1: to bring more people in and get more meetings and

575
00:27:25,440 --> 00:27:28,000
Speaker 1: sort of convince them, oh, I'm in the club and

576
00:27:28,040 --> 00:27:30,600
Speaker 1: I can help you with whatever it is that you

577
00:27:30,720 --> 00:27:31,440
Speaker 1: need help with.

578
00:27:31,640 --> 00:27:33,280
Speaker 4: I'm there to like, you know, fixture.

579
00:27:33,480 --> 00:27:35,520
Speaker 1: Oh, you're going to be transitioning to the private sector,

580
00:27:35,600 --> 00:27:38,280
Speaker 1: No problem. I'm buddies with Bill Gates. I'll get you

581
00:27:38,320 --> 00:27:40,119
Speaker 1: a gig with him. You could represent him. This is

582
00:27:40,119 --> 00:27:42,240
Speaker 1: a specific example, by the way, I'm not making this

583
00:27:42,359 --> 00:27:45,480
Speaker 1: up that comes out in these documents with regard to

584
00:27:45,880 --> 00:27:49,600
Speaker 1: Catherine Rummler, who was a White House counsel under President

585
00:27:49,640 --> 00:27:53,840
Speaker 1: Obama and had apparently dozens of meetings with Epstein in

586
00:27:53,880 --> 00:27:56,199
Speaker 1: the years after her White House service and before she

587
00:27:56,240 --> 00:27:59,439
Speaker 1: became a top lawyer at where Goldman Sachs Group in

588
00:27:59,480 --> 00:28:02,320
Speaker 1: twenty twenty. He also planned for her to join a

589
00:28:02,400 --> 00:28:05,440
Speaker 1: twenty fifteen trip to Paris and a twenty seventeen visit

590
00:28:05,520 --> 00:28:08,600
Speaker 1: to Epstein's private island in the Caribbean. Some of the

591
00:28:08,680 --> 00:28:13,399
Speaker 1: other details here that come out are the way that

592
00:28:13,480 --> 00:28:16,680
Speaker 1: he would cultivate these relationships, like making sure that they

593
00:28:16,760 --> 00:28:19,600
Speaker 1: had that he knew what kind of food they liked,

594
00:28:19,640 --> 00:28:22,119
Speaker 1: and if they're vegetarian, make sure they had that on hand.

595
00:28:22,119 --> 00:28:25,760
Speaker 1: He made sure got apparently Catherine liked avocado sushi rules,

596
00:28:25,840 --> 00:28:27,920
Speaker 1: so he'd make sure that those were ready for her.

597
00:28:28,200 --> 00:28:31,840
Speaker 1: There were emails, internal emails that they got their hands on, too,

598
00:28:32,240 --> 00:28:34,960
Speaker 1: where he and others are discussing whether because she's a woman,

599
00:28:35,040 --> 00:28:37,359
Speaker 1: she might be uncomfortable with all of these young women

600
00:28:37,440 --> 00:28:39,360
Speaker 1: being around, so do we need to make sure that

601
00:28:39,400 --> 00:28:41,960
Speaker 1: they're not around when she's there, etc.

602
00:28:42,440 --> 00:28:45,640
Speaker 4: So there was a very explicit.

603
00:28:45,280 --> 00:28:50,480
Speaker 1: Project of Jeffrey Epstein to cultivate all of these relationships,

604
00:28:50,920 --> 00:28:54,160
Speaker 1: find out who these people were, what their likes were,

605
00:28:54,240 --> 00:28:58,440
Speaker 1: what their dislikes were, what they needed, And as Sager

606
00:28:58,560 --> 00:29:00,640
Speaker 1: was saying, I mean, it makes a lot of sense

607
00:29:00,680 --> 00:29:03,840
Speaker 1: that someone who was involved with one or more intelligence agencies,

608
00:29:04,120 --> 00:29:07,720
Speaker 1: that that sort of information might be very vulner very valuable,

609
00:29:07,760 --> 00:29:10,720
Speaker 1: either to this country or potentially to another country like Israel,

610
00:29:10,760 --> 00:29:11,960
Speaker 1: that he has a lot of connections to.

611
00:29:12,200 --> 00:29:14,560
Speaker 2: This is my thing, you know, at a certain point,

612
00:29:14,720 --> 00:29:17,040
Speaker 2: like let's just all just stop the farce. It's just

613
00:29:17,120 --> 00:29:20,680
Speaker 2: so obvious, Like with the CIA director being met and

614
00:29:20,760 --> 00:29:25,480
Speaker 2: Bill Gates and the nation's top bankers and JP Morgan,

615
00:29:25,680 --> 00:29:28,400
Speaker 2: the level of special access I mean, yeah, look I

616
00:29:28,400 --> 00:29:30,080
Speaker 2: get By the way, also, if you're out there the

617
00:29:30,160 --> 00:29:32,160
Speaker 2: US Virgin Islands or anybody who's us access to the

618
00:29:32,200 --> 00:29:33,400
Speaker 2: documents would love to see him.

619
00:29:34,320 --> 00:29:35,600
Speaker 3: I would publish them straight up.

620
00:29:35,760 --> 00:29:39,240
Speaker 2: I wouldn't protect the people at all, Not a single

621
00:29:39,240 --> 00:29:42,920
Speaker 2: one of them is worth but for protecting miss you

622
00:29:42,960 --> 00:29:48,080
Speaker 2: know Rumbler, the freaking White House Council. But also Non Chomsky,

623
00:29:48,360 --> 00:29:50,800
Speaker 2: whose book that we have here on the set, A

624
00:29:50,880 --> 00:29:54,760
Speaker 2: long time intellectual comes out looking real bad in this one.

625
00:29:54,840 --> 00:29:56,960
Speaker 2: Let's go ahead and put this up there on the screen.

626
00:29:57,000 --> 00:30:02,280
Speaker 2: Apparently had not only dinner with Jeffrey Epstein, but actually

627
00:30:02,480 --> 00:30:07,480
Speaker 2: arranged a meeting with aud Barack, then the former Prime

628
00:30:07,480 --> 00:30:12,080
Speaker 2: Minister of Israel, to discuss quote Israel's Palestinian Israel's policies

629
00:30:12,080 --> 00:30:15,520
Speaker 2: with reguard to Palestinians. Mister Barrock will show you in

630
00:30:15,560 --> 00:30:18,960
Speaker 2: a bit. Is long confirmed to have known Jeffrey Epstein.

631
00:30:19,240 --> 00:30:22,840
Speaker 2: The thing though about Chomsky is that he said quote

632
00:30:22,880 --> 00:30:26,200
Speaker 2: when asked about his relationship, he said, first response is

633
00:30:26,240 --> 00:30:29,320
Speaker 2: that it is none of your business or anyone's. Second

634
00:30:29,480 --> 00:30:32,000
Speaker 2: is that I knew him and that we met occasionally.

635
00:30:32,160 --> 00:30:32,600
Speaker 3: Okay.

636
00:30:32,960 --> 00:30:35,680
Speaker 2: And then in March of twenty fifteen, Epstein not only

637
00:30:35,840 --> 00:30:39,480
Speaker 2: scheduled a gathering with Noam Chomsky and Harvard University, but

638
00:30:39,560 --> 00:30:43,520
Speaker 2: he also scheduled a flight for him. Epstein actually planned

639
00:30:43,560 --> 00:30:46,640
Speaker 2: to fly with them to have dinner with Woody Allen

640
00:30:46,960 --> 00:30:48,640
Speaker 2: and his wife Woody Allen.

641
00:30:48,720 --> 00:30:49,520
Speaker 3: Huh. Interesting.

642
00:30:49,560 --> 00:30:51,560
Speaker 2: I didn't know why him and Epstein would be friends,

643
00:30:51,720 --> 00:30:54,800
Speaker 2: And Chomsky says, quote, if there was a flight, which

644
00:30:54,840 --> 00:30:57,120
Speaker 2: I doubt it, it would have been from Boston to

645
00:30:57,200 --> 00:31:00,080
Speaker 2: New York, only thirty minutes. I am unaware of the

646
00:31:00,160 --> 00:31:03,400
Speaker 2: principle that requires that I inform you about an evening

647
00:31:03,440 --> 00:31:04,280
Speaker 2: spent with.

648
00:31:04,240 --> 00:31:05,160
Speaker 3: A great artist.

649
00:31:05,280 --> 00:31:11,160
Speaker 2: So yeah, look, he's done some great work in his life,

650
00:31:11,480 --> 00:31:15,400
Speaker 2: Noam Chomsky, but doth protest a bit too much?

651
00:31:15,600 --> 00:31:18,040
Speaker 1: I lost me on this one. Yeah, lost me on

652
00:31:18,080 --> 00:31:21,360
Speaker 1: this one. I mean, the son even that it's none

653
00:31:21,360 --> 00:31:22,000
Speaker 1: of your business.

654
00:31:22,040 --> 00:31:23,240
Speaker 3: Yeah, what's going on here?

655
00:31:23,360 --> 00:31:25,560
Speaker 1: I think it's really important to reiterate too, that these

656
00:31:25,560 --> 00:31:29,520
Speaker 1: were all meanings that occurred after Epstein was a known

657
00:31:29,560 --> 00:31:33,160
Speaker 1: pedophile and sex on the sex offender of registry, So

658
00:31:33,640 --> 00:31:36,400
Speaker 1: you know, anyone could claim innocence, And I had no

659
00:31:36,480 --> 00:31:38,600
Speaker 1: idea before there was an actual.

660
00:31:38,840 --> 00:31:41,680
Speaker 3: Two thousand and five even then, and doesn't take a genius.

661
00:31:41,880 --> 00:31:44,920
Speaker 1: Yes, I mean in another piece. So we're going to

662
00:31:44,960 --> 00:31:49,360
Speaker 1: talk about you know, Chompsky, I mean, not Chomsky, Epstein's

663
00:31:49,360 --> 00:31:52,800
Speaker 1: relationship with with the banking sector. And these executives are

664
00:31:52,840 --> 00:31:56,400
Speaker 1: joking about his tastes in young girls.

665
00:31:56,440 --> 00:31:58,760
Speaker 4: So it really reveals too.

666
00:31:58,680 --> 00:32:01,480
Speaker 1: That they they knew what was going on, Like this

667
00:32:01,640 --> 00:32:03,640
Speaker 1: wasn't a mystery. They were oh my gosh, I had

668
00:32:03,680 --> 00:32:07,760
Speaker 1: no idea, Like please, they knew. But he was very

669
00:32:07,800 --> 00:32:13,400
Speaker 1: effective at maintaining all of the trappings of elite high society.

670
00:32:13,600 --> 00:32:15,800
Speaker 1: And I'm in the club and I'm one of you,

671
00:32:15,960 --> 00:32:18,160
Speaker 1: and look if I can meet with Bill Gates, Like

672
00:32:18,160 --> 00:32:20,880
Speaker 1: who are you to not meet with me? Like, obviously

673
00:32:20,920 --> 00:32:23,520
Speaker 1: it's fine. And I'm giving all this money strategically or

674
00:32:23,520 --> 00:32:28,000
Speaker 1: at least cultivating relationships with various high profile universities as

675
00:32:28,120 --> 00:32:31,680
Speaker 1: also another way of sort of reputation laundering and getting

676
00:32:31,720 --> 00:32:35,760
Speaker 1: him into these elite circles and elite rooms. And you know,

677
00:32:36,160 --> 00:32:39,280
Speaker 1: he was able to get to a whole lot of people.

678
00:32:39,440 --> 00:32:43,400
Speaker 2: Yeah, I'm really curious just in general about all of this,

679
00:32:43,600 --> 00:32:46,400
Speaker 2: because I've heard this excuse too many times, you know,

680
00:32:46,440 --> 00:32:48,200
Speaker 2: for for example, one of them is the president of

681
00:32:48,240 --> 00:32:51,200
Speaker 2: Bard College, he says that he went to the room

682
00:32:51,240 --> 00:32:53,880
Speaker 2: because he presented himself as a billionaire and to thank

683
00:32:53,960 --> 00:32:57,080
Speaker 2: him for unsolicited donations. And they all have the same story.

684
00:32:57,120 --> 00:32:58,960
Speaker 2: They said, I found him odd and arrogant. When I

685
00:32:59,000 --> 00:33:01,360
Speaker 2: finally came to believe while we stopped contact with him,

686
00:33:01,640 --> 00:33:04,000
Speaker 2: is that he was simply stringing us along. Everybody's like

687
00:33:04,040 --> 00:33:06,080
Speaker 2: basically like, oh, I came to the conclusion that he

688
00:33:06,160 --> 00:33:08,600
Speaker 2: was full of it. The only person who's count on

689
00:33:08,640 --> 00:33:10,880
Speaker 2: that that I do believe is Eric Weinstein, who's talked

690
00:33:11,120 --> 00:33:13,040
Speaker 2: a lot about the dinner party or lunch party or

691
00:33:13,080 --> 00:33:14,320
Speaker 2: whatever that he had with.

692
00:33:14,200 --> 00:33:16,040
Speaker 3: Epstein, and he came to believe. He's like, this person

693
00:33:16,120 --> 00:33:18,280
Speaker 3: is a fault. He's a fake. He has no idea

694
00:33:18,320 --> 00:33:18,960
Speaker 3: what he's talking about.

695
00:33:18,960 --> 00:33:21,320
Speaker 2: Because Eric was, you know, know a lot about finding

696
00:33:21,320 --> 00:33:23,240
Speaker 2: he worked in the finance sector for a long time,

697
00:33:23,280 --> 00:33:25,280
Speaker 2: and he's like, I don't believe that you know anything

698
00:33:25,320 --> 00:33:27,600
Speaker 2: about the purportant way in which you make your money.

699
00:33:27,800 --> 00:33:29,920
Speaker 2: The rest of them, though, I'm not so sure. I'm

700
00:33:29,920 --> 00:33:32,080
Speaker 2: willing to be so charitable here. They're like, yeah, that's

701
00:33:32,080 --> 00:33:35,360
Speaker 2: why we stopped contact. Maybe stop contact a like you said,

702
00:33:35,360 --> 00:33:37,000
Speaker 2: because he's not cutting your check or maybe he just

703
00:33:37,040 --> 00:33:40,160
Speaker 2: remembered that this is a creepy pedophile or dealing with

704
00:33:40,200 --> 00:33:40,480
Speaker 2: some of.

705
00:33:40,440 --> 00:33:44,120
Speaker 4: These people like Bill Gates. Sorry to keep bringing them up,

706
00:33:44,200 --> 00:33:45,000
Speaker 4: but he should.

707
00:33:45,040 --> 00:33:46,320
Speaker 3: I mean, he's one of the richest men in the world.

708
00:33:46,320 --> 00:33:47,760
Speaker 3: He hung out with this guy dozens of time.

709
00:33:47,840 --> 00:33:51,719
Speaker 1: I was getting like marriage advice from apparently, you know,

710
00:33:51,840 --> 00:33:54,680
Speaker 1: he really claimed like, oh, I barely knew him and

711
00:33:54,680 --> 00:33:58,760
Speaker 1: wed and so also some of the representations about oh

712
00:33:58,760 --> 00:34:00,360
Speaker 1: I totally cut off contact.

713
00:34:00,080 --> 00:34:01,560
Speaker 4: Because I saw this guy was a creep and I

714
00:34:01,560 --> 00:34:03,320
Speaker 4: saw it was a fake and a fraud and whatever.

715
00:34:03,720 --> 00:34:07,960
Speaker 1: Some of those representations have also not been at least

716
00:34:07,960 --> 00:34:10,520
Speaker 1: the complete picture or wholly accurate as to what the

717
00:34:10,560 --> 00:34:11,799
Speaker 1: actual relationships were.

718
00:34:12,080 --> 00:34:13,800
Speaker 3: Yeah, all of these people are liars.

719
00:34:13,880 --> 00:34:16,600
Speaker 2: I mean, listen, if you met with him and you

720
00:34:16,680 --> 00:34:19,719
Speaker 2: did so, if you met did so, you really didn't know,

721
00:34:20,360 --> 00:34:21,799
Speaker 2: you need to come out and say so at this

722
00:34:21,840 --> 00:34:24,319
Speaker 2: point because now you're just going to continue to look

723
00:34:24,360 --> 00:34:27,400
Speaker 2: like a fool. And you know, also, look, CIA director,

724
00:34:27,680 --> 00:34:30,560
Speaker 2: just let it sink in the director of the CIA,

725
00:34:30,920 --> 00:34:35,360
Speaker 2: the former Ambassador to Russia, long time connected Intel official.

726
00:34:35,719 --> 00:34:38,480
Speaker 2: Three meetings in a single year, and we're just supposed

727
00:34:38,480 --> 00:34:40,520
Speaker 2: to believe it's totally chick. He had no Yeah, the

728
00:34:40,600 --> 00:34:43,640
Speaker 2: CIA director had no idea he was having dinner with right, Well,

729
00:34:44,160 --> 00:34:45,320
Speaker 2: this is bullshit.

730
00:34:45,480 --> 00:34:48,120
Speaker 1: And the money has always been another piece too, because

731
00:34:48,160 --> 00:34:50,960
Speaker 1: we know he had this benefactor in Les Wesner, who

732
00:34:51,040 --> 00:34:54,120
Speaker 1: was head of the limited corporations like Limited Express all

733
00:34:54,160 --> 00:34:56,799
Speaker 1: those companies. Okay, so we know he has that benefactor,

734
00:34:56,840 --> 00:34:59,520
Speaker 1: But this is a man who presented himself as and

735
00:34:59,560 --> 00:35:02,880
Speaker 1: lived as a billionaire private island, you know, one of

736
00:35:02,920 --> 00:35:06,000
Speaker 1: the most expensive residences in all of Manhattan, et cetera.

737
00:35:06,560 --> 00:35:10,200
Speaker 1: And it doesn't add up where because he didn't actually

738
00:35:10,239 --> 00:35:13,680
Speaker 1: really work like no one was. He didn't really have

739
00:35:13,760 --> 00:35:16,320
Speaker 1: a lot of clients or anything like that to justify

740
00:35:16,360 --> 00:35:19,279
Speaker 1: the life styleues able to lead. So it's like, okay, also,

741
00:35:19,400 --> 00:35:21,799
Speaker 1: who was fully funding you? Where was this money really

742
00:35:21,800 --> 00:35:24,880
Speaker 1: coming from? And you know, did what interest did that

743
00:35:24,920 --> 00:35:28,239
Speaker 1: person have or that entity have in the information that

744
00:35:28,280 --> 00:35:30,719
Speaker 1: you were gathering, Because that's what's really clear here. He

745
00:35:30,840 --> 00:35:34,040
Speaker 1: spent his entire life until that life was no longer,

746
00:35:34,680 --> 00:35:42,320
Speaker 1: you know, intact, gathering information about the likes, dislikes, and really,

747
00:35:42,440 --> 00:35:46,160
Speaker 1: in many instances probably sexual proclivities of some of the

748
00:35:46,200 --> 00:35:51,080
Speaker 1: world's most powerful, wealthy. Well connected individuals. I'll let you

749
00:35:51,120 --> 00:35:54,200
Speaker 1: connect the dots as to what sort of entities might

750
00:35:54,239 --> 00:35:55,920
Speaker 1: be interested in that type of information.

751
00:35:56,080 --> 00:35:57,799
Speaker 2: You can also surmise that rich people don't have good

752
00:35:57,840 --> 00:36:00,600
Speaker 2: taste a California role when you got that much money,

753
00:36:01,880 --> 00:36:03,920
Speaker 2: put the put it up there on the screen that

754
00:36:04,000 --> 00:36:07,120
Speaker 2: I referenced Ade Barack, the former Israeli PM, I've talked

755
00:36:07,120 --> 00:36:10,839
Speaker 2: about this a decent amount before, who not only met

756
00:36:10,840 --> 00:36:13,799
Speaker 2: with Epstein many times, almost funded one of his businesses,

757
00:36:13,840 --> 00:36:17,200
Speaker 2: had entanglements, literally used to stay at his house, but

758
00:36:17,680 --> 00:36:20,040
Speaker 2: says he never attended any of the sex parties. Okay,

759
00:36:20,160 --> 00:36:24,799
Speaker 2: all right, I'll leave that to you allegedly. All right,

760
00:36:24,840 --> 00:36:26,160
Speaker 2: let's go to the next one and put it up

761
00:36:26,200 --> 00:36:29,120
Speaker 2: there on the screen. This is very important. JP Morgan

762
00:36:29,239 --> 00:36:33,120
Speaker 2: executives apparently joked about Jeffrey Epstein's behavior. This is from

763
00:36:33,239 --> 00:36:36,680
Speaker 2: the lawsuit ongoing with the US Virgin Islands and Jeffrey

764
00:36:36,680 --> 00:36:39,319
Speaker 2: Epstein's estate. This is part of why Crystal I think

765
00:36:39,320 --> 00:36:41,600
Speaker 2: that the Wall Street Journal scoop likely came from the

766
00:36:41,680 --> 00:36:44,120
Speaker 2: Virgin Islands because they have subpoena power and they have

767
00:36:44,200 --> 00:36:47,960
Speaker 2: so much insight into what was going on behind the scenes.

768
00:36:48,200 --> 00:36:51,360
Speaker 2: This one directly came out in a filing and shows

769
00:36:51,360 --> 00:36:56,360
Speaker 2: you that JP Morgan Chase executives were joking allegedly behind

770
00:36:56,400 --> 00:37:00,480
Speaker 2: the scenes about his interest in young girls while he

771
00:37:00,640 --> 00:37:04,960
Speaker 2: was a client at JP Morgan and Chase, which directly

772
00:37:05,120 --> 00:37:10,080
Speaker 2: contradicts the idea that which they said, we had.

773
00:37:09,920 --> 00:37:12,680
Speaker 3: No idea who this guy was. We didn't know anything

774
00:37:12,719 --> 00:37:13,319
Speaker 3: about him.

775
00:37:13,960 --> 00:37:16,880
Speaker 2: He was, you know, a part of our wealth management division,

776
00:37:16,960 --> 00:37:19,200
Speaker 2: and error, if we had known, we never would have

777
00:37:19,239 --> 00:37:22,759
Speaker 2: done business. Well, as the Virgin Islands is a legend here,

778
00:37:23,000 --> 00:37:26,799
Speaker 2: his behavior was so widely known that senior executives were

779
00:37:26,920 --> 00:37:31,640
Speaker 2: literally talking about his interest in young girl behind the scenes.

780
00:37:31,680 --> 00:37:34,360
Speaker 2: One of them is actually a woman in an email

781
00:37:34,440 --> 00:37:36,919
Speaker 2: or an email to a woman, the contents of which

782
00:37:36,920 --> 00:37:39,920
Speaker 2: some are redacted, in which it was directly to somebody

783
00:37:39,920 --> 00:37:43,600
Speaker 2: who runs the asset and wealth management division, and they

784
00:37:43,600 --> 00:37:47,200
Speaker 2: are literally making private jokes about this. We don't have

785
00:37:47,320 --> 00:37:51,520
Speaker 2: the exact text, but you know, look again, how much

786
00:37:51,560 --> 00:37:55,200
Speaker 2: more obvious do we have to get here? And also,

787
00:37:55,280 --> 00:37:59,160
Speaker 2: you know, even within this, just the level of penetration

788
00:37:59,239 --> 00:38:01,319
Speaker 2: that he has in some they're rich and powerful people here.

789
00:38:01,520 --> 00:38:04,000
Speaker 2: Look at this crystal. The US Virgin Island is currently

790
00:38:04,040 --> 00:38:09,560
Speaker 2: subpoenating Google founder co founder Sarah gay Brinn, Hiatt Hotels

791
00:38:09,600 --> 00:38:14,600
Speaker 2: founder Thomas Pritzker, some of Hollywood's super agent, former Hollywood

792
00:38:14,600 --> 00:38:19,839
Speaker 2: superagent Michael Ovitz, the real estate mogul Mortimer Zach. I mean,

793
00:38:20,040 --> 00:38:22,760
Speaker 2: these are some of the richest and most powerful people

794
00:38:23,120 --> 00:38:24,120
Speaker 2: in the world.

795
00:38:24,360 --> 00:38:28,239
Speaker 3: The Google CEO. Come on, man, the Google CEO.

796
00:38:28,560 --> 00:38:32,319
Speaker 1: And yeah, call back to our last segment about the

797
00:38:32,560 --> 00:38:35,000
Speaker 1: bank collapse and being brought up by JP Morgan Chase.

798
00:38:35,520 --> 00:38:40,120
Speaker 1: Jamie Diamond will in may be deposed despite attempts by

799
00:38:40,120 --> 00:38:42,480
Speaker 1: the bank to prevent him from having to testify. The

800
00:38:42,560 --> 00:38:46,040
Speaker 1: US Virgin Island's complaint contains an internal communication which references

801
00:38:46,120 --> 00:38:50,359
Speaker 1: a Diamond review into the relationship with Epstein, of which

802
00:38:50,360 --> 00:38:53,640
Speaker 1: the bank says it has no record. So they want

803
00:38:53,680 --> 00:38:56,279
Speaker 1: to find out, you know, how high up did this go.

804
00:38:56,760 --> 00:38:59,600
Speaker 1: What knowledge would Jamie Diamond have? What is this so

805
00:38:59,719 --> 00:39:02,360
Speaker 1: called Diamond review that the bank is denying ever happened,

806
00:39:02,440 --> 00:39:05,640
Speaker 1: or that they have no knowledge of, et cetera. So again,

807
00:39:05,760 --> 00:39:09,920
Speaker 1: we were just discussing how Jamie Diamond with this massive

808
00:39:09,960 --> 00:39:12,200
Speaker 1: bank which has had to receive an exception because they

809
00:39:12,200 --> 00:39:15,960
Speaker 1: have so much of the deposits in the entire country.

810
00:39:16,000 --> 00:39:19,200
Speaker 1: More than ten percent of all US deposits located now

811
00:39:19,239 --> 00:39:21,600
Speaker 1: at this one bank, which has just become even larger

812
00:39:21,920 --> 00:39:26,040
Speaker 1: with their takeover of First Republic Bank. Jamie Dimond, one

813
00:39:26,080 --> 00:39:29,240
Speaker 1: of the most powerful people on the planet, also entangled

814
00:39:29,280 --> 00:39:29,640
Speaker 1: in all of this.

815
00:39:29,920 --> 00:39:31,320
Speaker 2: Of course he is, and he's going to get to

816
00:39:31,400 --> 00:39:33,440
Speaker 2: posed and you know, is any of this stuff, is

817
00:39:33,480 --> 00:39:35,759
Speaker 2: anything going to happen. This is why I always hear

818
00:39:35,800 --> 00:39:37,920
Speaker 2: from people why they almost don't want to get interested,

819
00:39:38,000 --> 00:39:40,080
Speaker 2: because I feel this way too. I've been doing this

820
00:39:40,080 --> 00:39:42,240
Speaker 2: now for three years, how long we've been covering this story,

821
00:39:42,520 --> 00:39:44,680
Speaker 2: and every time I'm like, man, this is crazy, and

822
00:39:44,719 --> 00:39:48,400
Speaker 2: then nothing changes, nothing happens. We're covering this virgin Island

823
00:39:48,440 --> 00:39:51,160
Speaker 2: suit for a long time. Virginia Goofrey. Apparently there's been

824
00:39:51,160 --> 00:39:53,840
Speaker 2: some issues there, you know, behind the scenes too, in

825
00:39:53,920 --> 00:39:55,759
Speaker 2: terms of some of the things that were happening in

826
00:39:55,800 --> 00:39:59,040
Speaker 2: that case. Now, you know, in reference to this one,

827
00:39:59,120 --> 00:40:00,640
Speaker 2: the dock the CI director.

828
00:40:00,880 --> 00:40:03,759
Speaker 3: But you know, here's what I would wish. I hope

829
00:40:03,800 --> 00:40:04,800
Speaker 3: that somebody asked.

830
00:40:04,560 --> 00:40:06,759
Speaker 2: The White House Press secretary and just be like, hey,

831
00:40:06,800 --> 00:40:10,360
Speaker 2: why did your nominee have a dinner with the with

832
00:40:10,440 --> 00:40:13,479
Speaker 2: Jeffrey Epstein on three separate occasions. Do you have any

833
00:40:13,520 --> 00:40:16,080
Speaker 2: comment on that for the CIA director? Do you think

834
00:40:16,120 --> 00:40:19,799
Speaker 2: that that looks good or is acceptable conduct for the

835
00:40:19,800 --> 00:40:22,160
Speaker 2: Biden administration. But this is the other problem with the

836
00:40:22,160 --> 00:40:24,720
Speaker 2: press is we learned all about that ABC News report.

837
00:40:25,000 --> 00:40:28,120
Speaker 2: Even the press themselves are compromised in many ways whenever

838
00:40:28,160 --> 00:40:28,960
Speaker 2: it comes to the story.

839
00:40:29,040 --> 00:40:31,279
Speaker 1: So yeah, because because the touch is so I mean,

840
00:40:31,320 --> 00:40:33,800
Speaker 1: this was how we protected himself for so long, because

841
00:40:33,800 --> 00:40:37,040
Speaker 1: he has so many rich, famous, powerful people who are

842
00:40:37,040 --> 00:40:40,000
Speaker 1: connected and snared in ways that are very embarrassing for them.

843
00:40:40,400 --> 00:40:42,279
Speaker 4: So yeah, there's a you know.

844
00:40:42,360 --> 00:40:46,759
Speaker 1: All all elite effort to make sure that none of

845
00:40:46,760 --> 00:40:49,200
Speaker 1: this ever comes out. And kudos to the US Virgin

846
00:40:49,239 --> 00:40:50,479
Speaker 1: Islands for pushing some of this forward.

847
00:40:50,600 --> 00:40:52,040
Speaker 2: Well yeah, I mean they're the ones who got the

848
00:40:52,080 --> 00:40:53,640
Speaker 2: most screwed really out of this and had some of

849
00:40:53,640 --> 00:40:56,520
Speaker 2: the most heinous acts. Yeah, most likely perpetrated on their soil.

850
00:40:56,600 --> 00:40:57,319
Speaker 4: That's exactly right.

851
00:40:57,360 --> 00:40:59,440
Speaker 3: Okay, let's talk a little bit about Joe Biden.

852
00:41:00,760 --> 00:41:04,280
Speaker 2: We always are just on the look for real Biden

853
00:41:04,400 --> 00:41:07,920
Speaker 2: voters who are out there allegedly who are excited, and

854
00:41:07,960 --> 00:41:10,880
Speaker 2: we'll get to the alleged excitement first. But we wanted

855
00:41:10,880 --> 00:41:15,000
Speaker 2: to start with an amazing clip that came from ABC

856
00:41:15,120 --> 00:41:17,399
Speaker 2: News is Martha Radditz where she was doing some Man

857
00:41:17,440 --> 00:41:21,360
Speaker 2: on the Street interviews. They find a woman who is

858
00:41:21,400 --> 00:41:24,080
Speaker 2: a Biden voter, a Biden supporter, and so they go

859
00:41:24,200 --> 00:41:26,319
Speaker 2: up to her and on camera, I mean presumably she

860
00:41:26,360 --> 00:41:28,400
Speaker 2: had some time Crystal to at least come up with

861
00:41:28,440 --> 00:41:32,320
Speaker 2: the response, and they say, why do you support Joe Biden?

862
00:41:32,480 --> 00:41:36,040
Speaker 2: And the response is everything, Let's take a listen.

863
00:41:36,320 --> 00:41:48,280
Speaker 3: What do you like about Joe Briden? That he's not Trump?

864
00:41:49,760 --> 00:41:51,920
Speaker 4: That is the whole election, right, That's it. That is

865
00:41:52,000 --> 00:41:54,320
Speaker 4: the whole election right there.

866
00:41:55,000 --> 00:41:58,560
Speaker 3: That he's not Trump. Brutal, it's brutal because it just

867
00:41:58,840 --> 00:42:00,759
Speaker 3: it's perfect. It's just exactly.

868
00:42:01,400 --> 00:42:03,919
Speaker 2: That's why they you know, that's why he has any

869
00:42:03,920 --> 00:42:07,000
Speaker 2: support whatsoever, because they hate Trump. They have no positive

870
00:42:07,040 --> 00:42:09,000
Speaker 2: things they could say about the guy. They don't like

871
00:42:09,040 --> 00:42:12,800
Speaker 2: the guy. Everybody thinks he's way too old to be president.

872
00:42:12,840 --> 00:42:14,279
Speaker 2: I'll give him credit, you know, we'll talk about the

873
00:42:14,280 --> 00:42:16,520
Speaker 2: White House correspondent and it just seemed generally with it.

874
00:42:16,560 --> 00:42:19,360
Speaker 2: But what's one thing that everybody who's enver interacted with

875
00:42:19,440 --> 00:42:21,320
Speaker 2: Geriatrix knows they have the good days and they have

876
00:42:21,360 --> 00:42:24,440
Speaker 2: the bad days, the bad days on just what happened

877
00:42:24,440 --> 00:42:26,000
Speaker 2: to have a good night. I think that's great, but

878
00:42:26,360 --> 00:42:28,560
Speaker 2: it literally, you know, the White House is putting out

879
00:42:28,880 --> 00:42:31,480
Speaker 2: or the analysis came out crystal that he only does

880
00:42:31,560 --> 00:42:34,320
Speaker 2: events from ten am to four pm, that his staff

881
00:42:34,560 --> 00:42:35,800
Speaker 2: will not schedule him outside.

882
00:42:35,840 --> 00:42:37,960
Speaker 1: There was so much cope about that too, people like

883
00:42:38,080 --> 00:42:40,480
Speaker 1: what's wrong with just working in normal business hours.

884
00:42:40,520 --> 00:42:42,879
Speaker 3: It's like, well, you're the president, maybe that's what's wrong

885
00:42:42,880 --> 00:42:43,120
Speaker 3: with it.

886
00:42:43,520 --> 00:42:45,879
Speaker 1: You know, Well, especially when you put that together with

887
00:42:46,400 --> 00:42:49,360
Speaker 1: does not do press conferences, does not do a fewer

888
00:42:49,400 --> 00:42:52,840
Speaker 1: interviews than any other you know, sitting president in modern history,

889
00:42:53,040 --> 00:42:55,919
Speaker 1: hasn't sapt with any of the major newspayers Wall Street Journal,

890
00:42:55,960 --> 00:42:58,600
Speaker 1: in New York Times or Washington Post. Put all of that

891
00:42:58,680 --> 00:43:01,680
Speaker 1: together and you're like, isn't going to do debates and

892
00:43:01,960 --> 00:43:04,799
Speaker 1: isn't has no as announces reelected and has to plan

893
00:43:04,880 --> 00:43:08,720
Speaker 1: any rallies or public appearances to speak of. You start

894
00:43:08,719 --> 00:43:11,719
Speaker 1: to wonder, like, okay, you don't start to wonder. You

895
00:43:11,760 --> 00:43:14,080
Speaker 1: start to have your fears confirmed that maybe he is

896
00:43:14,120 --> 00:43:15,399
Speaker 1: not up for another four years.

897
00:43:15,440 --> 00:43:18,440
Speaker 4: But you know, the flip side of that is this.

898
00:43:18,320 --> 00:43:21,359
Speaker 1: Person who can't find a single positive thing to say

899
00:43:21,440 --> 00:43:22,800
Speaker 1: about the man that she's going to vote for, is

900
00:43:22,840 --> 00:43:25,960
Speaker 1: still going to vote for, and that like, I don't

901
00:43:26,000 --> 00:43:27,920
Speaker 1: want to. I don't want people to get the mistaken

902
00:43:27,920 --> 00:43:30,080
Speaker 1: impression that I think Biden will lose to Trump. I

903
00:43:30,080 --> 00:43:31,960
Speaker 1: think it's a jump ball. I think it's possible that

904
00:43:32,000 --> 00:43:34,840
Speaker 1: he loses. I also think it's possible that their theory

905
00:43:34,880 --> 00:43:37,520
Speaker 1: of the case that people are so sick of Trump

906
00:43:37,600 --> 00:43:40,520
Speaker 1: and his insanities and his legal woes and whatever is

907
00:43:40,560 --> 00:43:43,920
Speaker 1: going on over there are enough where they're like, I'm

908
00:43:43,960 --> 00:43:46,480
Speaker 1: not excited about this one over here, But what other

909
00:43:46,600 --> 00:43:47,560
Speaker 1: choice do I really have?

910
00:43:48,040 --> 00:43:49,920
Speaker 4: I mean, this is the thing that I keep coming

911
00:43:49,960 --> 00:43:50,359
Speaker 4: back to.

912
00:43:50,920 --> 00:43:54,400
Speaker 1: You have two men in Donald Trump and Joe Biden,

913
00:43:54,400 --> 00:43:57,759
Speaker 1: who are likely to be their party's nominees, who both

914
00:43:57,760 --> 00:43:59,640
Speaker 1: of whom have said they don't intend to debate, and

915
00:44:00,160 --> 00:44:02,520
Speaker 1: they don't intend to earn the nomination, bottom line, or

916
00:44:02,520 --> 00:44:04,839
Speaker 1: give voters a real choice in the matter. That's number

917
00:44:04,920 --> 00:44:09,319
Speaker 1: one and number two. Overwhelming majorities of the country are like,

918
00:44:09,440 --> 00:44:12,400
Speaker 1: we don't want these guys. Seventy percent of the country

919
00:44:12,440 --> 00:44:15,400
Speaker 1: says no to Joe Biden. We wish we had another alternative.

920
00:44:15,640 --> 00:44:17,680
Speaker 1: Sixty percent of the country says the same thing about

921
00:44:17,840 --> 00:44:21,200
Speaker 1: Donald Trump. And yet that's where we're ending up. So

922
00:44:21,640 --> 00:44:24,560
Speaker 1: even though this is less than an inspiring case to

923
00:44:24,640 --> 00:44:26,799
Speaker 1: be made here for Joe Biden, it might be the

924
00:44:26,800 --> 00:44:29,160
Speaker 1: case that wins the day it was last time it

925
00:44:29,280 --> 00:44:29,839
Speaker 1: was last time.

926
00:44:29,840 --> 00:44:32,160
Speaker 3: I'm denying it. There's no denying it whatsoever.

927
00:44:32,280 --> 00:44:37,799
Speaker 2: And just so people know where some of the excitement

928
00:44:37,920 --> 00:44:40,200
Speaker 2: is coming about, never Joe Biden.

929
00:44:40,320 --> 00:44:42,600
Speaker 4: It turns out very genuine and author very.

930
00:44:42,480 --> 00:44:48,280
Speaker 2: Genuine, authentic and totally organic and not paid for propagandists

931
00:44:48,320 --> 00:44:51,840
Speaker 2: that we're seeing for gen Z Biden people on TikTok.

932
00:44:51,880 --> 00:44:55,160
Speaker 2: One of them is named Harry Sisson. We'll tell you

933
00:44:55,160 --> 00:44:57,719
Speaker 2: a little bit about who's paying him. But here's what

934
00:44:57,800 --> 00:45:00,480
Speaker 2: some Biden propaganda looks like for the u that are

935
00:45:00,480 --> 00:45:00,839
Speaker 2: out there.

936
00:45:00,920 --> 00:45:01,760
Speaker 3: Let's take a lesson.

937
00:45:02,200 --> 00:45:04,960
Speaker 7: So a new NBC News poll shows that seventy percent

938
00:45:05,000 --> 00:45:08,200
Speaker 7: of all Americans, including fifty one percent of Democrats, don't

939
00:45:08,239 --> 00:45:10,560
Speaker 7: want President Biden to run again. It goes like this,

940
00:45:10,719 --> 00:45:13,080
Speaker 7: right now, there's three Democrats in the mix. Mary on Williamson,

941
00:45:13,080 --> 00:45:15,960
Speaker 7: who's seen is very out there and fundamentally unserious. There's

942
00:45:16,000 --> 00:45:18,160
Speaker 7: reports that she abuses her staff, and I know she

943
00:45:18,200 --> 00:45:20,320
Speaker 7: says she wants free healthcare, free college for all, but

944
00:45:20,360 --> 00:45:22,600
Speaker 7: when you ask her how she's gonna achieve, this is

945
00:45:22,680 --> 00:45:24,640
Speaker 7: radio silence. Then we have a Kennedy in the mix

946
00:45:24,680 --> 00:45:27,080
Speaker 7: who's backed by a bunch of Trumpers. He's a conspiracy

947
00:45:27,120 --> 00:45:30,560
Speaker 7: theorist and he's anti vaxed. So no Marion Williamson, no Kennedy.

948
00:45:30,680 --> 00:45:32,680
Speaker 7: And lastly, we have President Biden, who has been quite

949
00:45:32,719 --> 00:45:35,360
Speaker 7: productive and delivered on a lot of promises, although not

950
00:45:35,440 --> 00:45:37,760
Speaker 7: enough Americans know about it. I get age as a factor,

951
00:45:37,920 --> 00:45:40,400
Speaker 7: but right now, as it stands, the clear choice for

952
00:45:40,440 --> 00:45:43,080
Speaker 7: president of United States in twenty twenty four is Joe Biden.

953
00:45:43,320 --> 00:45:46,560
Speaker 2: Apologies, that was actually Chris Mowi. He is another Biden

954
00:45:46,600 --> 00:45:51,200
Speaker 2: paid influencer who often does collaboration content with Harry Sisson.

955
00:45:51,280 --> 00:45:55,640
Speaker 2: Both of them, though Crystal, were identified in April of ninth,

956
00:45:55,680 --> 00:46:00,640
Speaker 2: twenty twenty three, as quote unpaid independent content creer that

957
00:46:00,680 --> 00:46:03,440
Speaker 2: have been given access to the Biden White House. Now

958
00:46:03,520 --> 00:46:08,120
Speaker 2: that's not exactly true, is it, Because while I guess yes,

959
00:46:08,239 --> 00:46:11,400
Speaker 2: the White House is not paying them, somebody is paying

960
00:46:11,400 --> 00:46:12,680
Speaker 2: them to create this content.

961
00:46:12,800 --> 00:46:16,520
Speaker 1: Yeah, so they apparently work for this palette management or

962
00:46:16,560 --> 00:46:18,720
Speaker 1: something like that, which gets payments from the DNC.

963
00:46:19,320 --> 00:46:22,279
Speaker 4: I'll let you put the got you get there? Yeah?

964
00:46:22,320 --> 00:46:22,640
Speaker 3: Got it.

965
00:46:23,080 --> 00:46:26,560
Speaker 1: Now they deny they're paid, et cetera, et cetera, but look,

966
00:46:26,960 --> 00:46:30,239
Speaker 1: if you look at their content, it's hard to hard

967
00:46:30,280 --> 00:46:32,120
Speaker 1: to mistake it for me authentic.

968
00:46:32,560 --> 00:46:34,239
Speaker 2: If you're not getting paid, how does that work? You

969
00:46:34,280 --> 00:46:36,279
Speaker 2: just handing out emails for free? Right?

970
00:46:36,360 --> 00:46:36,480
Speaker 4: Well?

971
00:46:36,520 --> 00:46:37,520
Speaker 3: Come on. Yeah.

972
00:46:37,560 --> 00:46:40,319
Speaker 1: It's funny though, because this is part of something we

973
00:46:40,440 --> 00:46:43,319
Speaker 1: reported on before, which is this whole like digital influencer

974
00:46:43,400 --> 00:46:47,839
Speaker 1: strategy that the Biden campaign is rolling out because they

975
00:46:47,920 --> 00:46:50,840
Speaker 1: know they have no organic enthusiasm online.

976
00:46:51,000 --> 00:46:51,480
Speaker 4: I mean, they have.

977
00:46:51,440 --> 00:46:53,200
Speaker 1: Lots of people who will like yell at you if

978
00:46:53,239 --> 00:46:55,719
Speaker 1: you say something against them that like you're helping fascism,

979
00:46:55,760 --> 00:46:59,880
Speaker 1: But in terms of actual genuine grassroots enthusiasm for Biden,

980
00:47:00,120 --> 00:47:03,319
Speaker 1: certainly not, and certainly not on TikTok either. I was

981
00:47:03,320 --> 00:47:06,240
Speaker 1: looking at the comments section of that one that we played,

982
00:47:06,360 --> 00:47:11,000
Speaker 1: and like, overwhelmingly in the comments they're like, no, Marianne

983
00:47:11,040 --> 00:47:13,840
Speaker 1: twenty twenty four. I mean, Marianne on TikTok thing is

984
00:47:14,200 --> 00:47:17,520
Speaker 1: genuine phenomena, as Ryan Grim was reporting, and that is

985
00:47:17,600 --> 00:47:19,680
Speaker 1: very much reflected in the comment section here. I also

986
00:47:19,719 --> 00:47:21,880
Speaker 1: don't think it's an accident that all of this starts

987
00:47:21,880 --> 00:47:24,480
Speaker 1: to really ramp up after some of the reporting came

988
00:47:24,520 --> 00:47:27,600
Speaker 1: out about how she was finding a real audience on

989
00:47:27,680 --> 00:47:31,839
Speaker 1: TikTok and like genuine, authentic gen Z support. So they're

990
00:47:31,880 --> 00:47:34,120
Speaker 1: trying to they're trying to buy some some cool here,

991
00:47:34,160 --> 00:47:35,759
Speaker 1: and I don't think people are really falling for.

992
00:47:35,640 --> 00:47:36,359
Speaker 4: A soccer Yeah.

993
00:47:36,360 --> 00:47:37,240
Speaker 3: I think you're right, Crystal.

994
00:47:37,320 --> 00:47:39,560
Speaker 2: I mean really, what it comes down to is that

995
00:47:39,680 --> 00:47:42,680
Speaker 2: these kids, you know, all this stuff, are trying to

996
00:47:42,719 --> 00:47:46,400
Speaker 2: AstroTurf a fake narrative into existence. I think it's like

997
00:47:46,440 --> 00:47:48,320
Speaker 2: you said at the top, with that woe. But I

998
00:47:48,320 --> 00:47:50,080
Speaker 2: don't want to make fun of that woman. She may

999
00:47:50,080 --> 00:47:52,120
Speaker 2: not have known when she was getting into because I

1000
00:47:52,160 --> 00:47:52,440
Speaker 2: thought I.

1001
00:47:52,480 --> 00:47:53,680
Speaker 3: Found a lot of people vote that way.

1002
00:47:53,760 --> 00:47:57,240
Speaker 4: I found it very honest, to be honest, Yeah, yeah.

1003
00:47:57,120 --> 00:47:58,960
Speaker 3: I please don't go after it. But you know why

1004
00:47:59,080 --> 00:48:00,000
Speaker 3: a lot of people vote that way.

1005
00:48:00,120 --> 00:48:01,720
Speaker 2: She just had the balls to say it on camera,

1006
00:48:01,840 --> 00:48:03,640
Speaker 2: and like that's why a lot of you people are

1007
00:48:03,680 --> 00:48:05,799
Speaker 2: you know, I've met a lot of Wow. I don't

1008
00:48:05,840 --> 00:48:08,440
Speaker 2: like the tweets, but you know, like this is better

1009
00:48:08,520 --> 00:48:09,040
Speaker 2: than that guy.

1010
00:48:09,120 --> 00:48:11,520
Speaker 3: It's like that's the same version I hear it all.

1011
00:48:11,440 --> 00:48:14,160
Speaker 2: The time behind the scenes, and I think we'd be

1012
00:48:14,160 --> 00:48:16,279
Speaker 2: better off if we were more honest about that. Now,

1013
00:48:16,280 --> 00:48:18,600
Speaker 2: do I think politics should work that way? No, But

1014
00:48:18,680 --> 00:48:19,040
Speaker 2: that's not.

1015
00:48:19,040 --> 00:48:20,160
Speaker 4: The voter's fault.

1016
00:48:20,360 --> 00:48:22,799
Speaker 1: That's the fault of these like you know, it's a

1017
00:48:22,840 --> 00:48:27,160
Speaker 1: synachronistic parties and yeah, a system that's set up that

1018
00:48:27,280 --> 00:48:30,000
Speaker 1: doesn't let in any third parties. I mean, the first

1019
00:48:30,040 --> 00:48:32,280
Speaker 1: past the post system and lack of ranked choice voting

1020
00:48:32,600 --> 00:48:35,120
Speaker 1: that creates this dynamic where you're stuck with these two

1021
00:48:35,200 --> 00:48:38,480
Speaker 1: guys that, yeah, most people don't want and aren't excited

1022
00:48:38,480 --> 00:48:41,520
Speaker 1: about it or actively hate, and yet you're.

1023
00:48:41,400 --> 00:48:42,720
Speaker 4: Left with these two choices.

1024
00:48:42,800 --> 00:48:46,239
Speaker 1: So this voter who's like, man, I don't really can't

1025
00:48:46,280 --> 00:48:49,760
Speaker 1: really come up with anything that I affirmatively like about Biden,

1026
00:48:49,800 --> 00:48:52,160
Speaker 1: but I'm definitely with him just because he's not Trump.

1027
00:48:52,520 --> 00:48:56,200
Speaker 1: That's incredibly reflective of the electorate. And so no, I

1028
00:48:56,239 --> 00:48:59,120
Speaker 1: don't like, I don't judge her for that whatsoever, because

1029
00:48:59,160 --> 00:49:00,560
Speaker 1: what other choice does she have.

1030
00:49:00,920 --> 00:49:03,240
Speaker 4: This is the binary that's created exactly.

1031
00:49:03,280 --> 00:49:04,080
Speaker 3: It's not her fault.

1032
00:49:04,680 --> 00:49:07,200
Speaker 2: It's really sad, you know that things have ended up

1033
00:49:07,239 --> 00:49:10,040
Speaker 2: this way, but you know, maybe we'll eventually get out

1034
00:49:10,040 --> 00:49:10,279
Speaker 2: of it.

1035
00:49:10,480 --> 00:49:12,480
Speaker 3: Let's go to the next one. Here, just a fun clip.

1036
00:49:12,680 --> 00:49:16,400
Speaker 2: Friend Andrew Schultz on his podcast Brilliant Idiots with Charlemagne,

1037
00:49:16,719 --> 00:49:22,200
Speaker 2: had a great rant Charlemagne did about the DNC about

1038
00:49:22,200 --> 00:49:25,440
Speaker 2: the lack of democratic debates. I think that very much

1039
00:49:25,520 --> 00:49:27,600
Speaker 2: strikes to you why people are frustrated with system.

1040
00:49:27,800 --> 00:49:28,800
Speaker 3: Here's what he had to say.

1041
00:49:29,040 --> 00:49:31,200
Speaker 6: What about you, Chris, you like you like Biden? You're

1042
00:49:31,239 --> 00:49:32,040
Speaker 6: voting for Biden again.

1043
00:49:33,080 --> 00:49:35,480
Speaker 4: I think we could use a fresh news.

1044
00:49:35,920 --> 00:49:38,160
Speaker 3: That's why it's whacked that the DNC won't let nobody

1045
00:49:38,200 --> 00:49:40,120
Speaker 3: probab They won't do no primaries next year. Man, do

1046
00:49:40,160 --> 00:49:41,200
Speaker 3: a fucking primary debates.

1047
00:49:41,600 --> 00:49:43,960
Speaker 8: Put Joe Biden up on that stage with Bobby Kennedy,

1048
00:49:43,960 --> 00:49:46,320
Speaker 8: who's challenging him in Mary Anne Williamson.

1049
00:49:45,960 --> 00:49:47,880
Speaker 9: And whoever steps up to the plate, and let's have

1050
00:49:47,880 --> 00:49:48,800
Speaker 9: a fucking discussion.

1051
00:49:48,880 --> 00:49:52,279
Speaker 3: Yo. I mean, demand is right.

1052
00:49:52,600 --> 00:49:54,680
Speaker 2: He has an amazing ability to kind of cut through

1053
00:49:54,719 --> 00:49:57,920
Speaker 2: the bs. Like with remember when Kamala Harris was pretending

1054
00:49:57,960 --> 00:50:00,400
Speaker 2: not to be able to hear him that He's like,

1055
00:50:00,440 --> 00:50:01,560
Speaker 2: she's pretending not to hear me.

1056
00:50:01,920 --> 00:50:03,600
Speaker 1: Well, he's the one who got the you ain't black

1057
00:50:04,600 --> 00:50:05,360
Speaker 1: Joe Biden.

1058
00:50:05,120 --> 00:50:06,840
Speaker 3: Out of Joe Biden yeah.

1059
00:50:06,640 --> 00:50:08,839
Speaker 1: He's barely done an interview since then.

1060
00:50:10,239 --> 00:50:12,960
Speaker 2: He had these moments or whenever he went after Elizabeth

1061
00:50:13,000 --> 00:50:15,359
Speaker 2: Warren and yeah, I mean props to him.

1062
00:50:15,440 --> 00:50:17,080
Speaker 4: Yeah he was. That's the right when he was like,

1063
00:50:17,080 --> 00:50:18,160
Speaker 4: what are you the new Rachel.

1064
00:50:18,000 --> 00:50:20,480
Speaker 2: Dolt, Like are you and she was like oh, she

1065
00:50:20,520 --> 00:50:22,320
Speaker 2: was like a completely short circuitag.

1066
00:50:22,000 --> 00:50:23,759
Speaker 1: Right, because he doesn't care if he talks to these

1067
00:50:23,760 --> 00:50:24,319
Speaker 1: people again.

1068
00:50:24,520 --> 00:50:26,200
Speaker 2: But that's why they come back, because the show is huge,

1069
00:50:26,200 --> 00:50:28,920
Speaker 2: not only Brilliant Idiots but the Breakfast Club. But I

1070
00:50:28,960 --> 00:50:31,799
Speaker 2: think what he's getting at too is a deep frustration

1071
00:50:31,920 --> 00:50:34,399
Speaker 2: I think for a lot of people about the lack

1072
00:50:34,520 --> 00:50:36,880
Speaker 2: of openness in the process. By the way, everyone, we

1073
00:50:36,960 --> 00:50:39,799
Speaker 2: are working on getting Robert Kennedy here on the show.

1074
00:50:39,840 --> 00:50:44,120
Speaker 2: We've been in contact with the team will appear on

1075
00:50:44,200 --> 00:50:47,000
Speaker 2: breaking points in the very near future, either remote or

1076
00:50:47,080 --> 00:50:49,360
Speaker 2: hopefully in person, which is what we are working on.

1077
00:50:49,400 --> 00:50:50,640
Speaker 2: So if you see a little bit of a delay,

1078
00:50:50,640 --> 00:50:52,200
Speaker 2: its because we would very much like to have him

1079
00:50:52,200 --> 00:50:54,239
Speaker 2: here at the desk in the show and talk for

1080
00:50:54,239 --> 00:50:56,080
Speaker 2: a little while as opposed to zoom, even though we

1081
00:50:56,160 --> 00:50:57,640
Speaker 2: might have to wait a couple more days.

1082
00:50:57,680 --> 00:50:58,319
Speaker 3: Just keep that in mind.

1083
00:50:58,400 --> 00:51:00,000
Speaker 2: Let's go to the next one and put this up

1084
00:51:00,080 --> 00:51:03,840
Speaker 2: there on the screen, which is a piece about black

1085
00:51:03,920 --> 00:51:07,160
Speaker 2: voters and their frustration not just with the Biden administration,

1086
00:51:07,239 --> 00:51:11,320
Speaker 2: but with the Democratic Party whenever they are remaining the

1087
00:51:11,360 --> 00:51:14,960
Speaker 2: most loyal voters to the Democratic Party. Let's remember that

1088
00:51:15,080 --> 00:51:17,880
Speaker 2: Joe Biden would be dead without elderly black voters in

1089
00:51:17,920 --> 00:51:18,759
Speaker 2: the Democratic base.

1090
00:51:18,800 --> 00:51:20,480
Speaker 3: There's just no way around it.

1091
00:51:20,520 --> 00:51:23,640
Speaker 2: They saved him in the South Carolina primary, and in

1092
00:51:23,760 --> 00:51:27,680
Speaker 2: conjunction with Jim Clyburn, coming really at the behest of Clyburn,

1093
00:51:27,719 --> 00:51:29,680
Speaker 2: who said we need to come out and save this guy,

1094
00:51:30,000 --> 00:51:33,279
Speaker 2: and then in conjunction with Super Tuesday just swept the

1095
00:51:33,440 --> 00:51:36,799
Speaker 2: entire Democratic nomination in an overnight success on top of

1096
00:51:36,840 --> 00:51:38,160
Speaker 2: what was happening with COVID.

1097
00:51:38,239 --> 00:51:38,720
Speaker 3: But Chrissell.

1098
00:51:38,760 --> 00:51:41,640
Speaker 2: What comes out in this piece from the New York

1099
00:51:41,640 --> 00:51:45,359
Speaker 2: Times with interviews with you know, not just elderly black voters,

1100
00:51:45,400 --> 00:51:50,120
Speaker 2: somewhere like middle class, younger voters, is they're not too happy.

1101
00:51:50,160 --> 00:51:53,200
Speaker 2: They say, quote Biden is pandering to us whenever it

1102
00:51:53,280 --> 00:51:54,040
Speaker 2: is time to vote.

1103
00:51:54,160 --> 00:51:54,600
Speaker 4: Yeah.

1104
00:51:54,719 --> 00:51:57,360
Speaker 1: They quote a man named Travis Williams, who is a

1105
00:51:57,360 --> 00:52:02,279
Speaker 1: Democratic organizer, not just like random person, someone who is

1106
00:52:02,360 --> 00:52:05,600
Speaker 1: actively invested in the Democratic Party and has put at

1107
00:52:05,680 --> 00:52:09,800
Speaker 1: least like manpower into this party's success previously, and he says,

1108
00:52:09,920 --> 00:52:12,040
Speaker 1: folks are just tired of being tired. They're just sick

1109
00:52:12,080 --> 00:52:15,400
Speaker 1: and tired of being tired and disappointed whenever our issues

1110
00:52:15,480 --> 00:52:19,600
Speaker 1: are never addressed. So Biden has really staked his reelect

1111
00:52:19,640 --> 00:52:21,520
Speaker 1: in a lot of ways on South Carolina by pushing

1112
00:52:21,560 --> 00:52:23,279
Speaker 1: them to the front of the line and pushing New

1113
00:52:23,320 --> 00:52:25,480
Speaker 1: Hampshire trying to out of the way. Which I'm doing

1114
00:52:25,480 --> 00:52:27,920
Speaker 1: my whole monologue on what a disaster he's created for

1115
00:52:28,040 --> 00:52:32,200
Speaker 1: himself there and what the repercussions might end up being.

1116
00:52:32,960 --> 00:52:35,640
Speaker 1: But the very voters that he considers to be his

1117
00:52:35,760 --> 00:52:38,400
Speaker 1: core base that he is depending on to hand him

1118
00:52:38,440 --> 00:52:40,560
Speaker 1: the nomination again and to vote for him and DROs

1119
00:52:40,600 --> 00:52:43,320
Speaker 1: to get him back in as president of the United States,

1120
00:52:43,680 --> 00:52:47,040
Speaker 1: they're not impressed. They are not impressed. There's another piece

1121
00:52:47,040 --> 00:52:50,120
Speaker 1: in the New York Times this morning about interviewing independent

1122
00:52:50,200 --> 00:52:55,200
Speaker 1: voters in Arizona, Key swing state, and they also were

1123
00:52:55,520 --> 00:52:58,560
Speaker 1: these were people who had voted for Joe Biden before,

1124
00:52:59,120 --> 00:53:02,120
Speaker 1: and they were similarly not impressed, and some of them

1125
00:53:02,160 --> 00:53:04,640
Speaker 1: actively saying, you know what, I'm going to consider both

1126
00:53:04,680 --> 00:53:08,319
Speaker 1: candidates a lot more. This time around. Some of the disappointment, too,

1127
00:53:08,520 --> 00:53:11,080
Speaker 1: came from people who had a lot of student loan

1128
00:53:11,120 --> 00:53:13,239
Speaker 1: debt that felt like, you know, there were promises made

1129
00:53:13,239 --> 00:53:14,920
Speaker 1: there that didn't come to fruition.

1130
00:53:15,239 --> 00:53:18,080
Speaker 4: People who felt like his pitch had been to.

1131
00:53:18,040 --> 00:53:19,880
Speaker 1: The American people, I'm going to bring the country together,

1132
00:53:19,920 --> 00:53:22,480
Speaker 1: and they feel like were more divided, more polarized. That ever,

1133
00:53:22,719 --> 00:53:25,640
Speaker 1: people who feel like they've really been crunched by the

1134
00:53:26,120 --> 00:53:27,800
Speaker 1: economy and by inflation.

1135
00:53:28,320 --> 00:53:30,399
Speaker 4: So, you know, there's a.

1136
00:53:30,320 --> 00:53:32,880
Speaker 1: Lot of disappointment, there's a lot of feeling that there

1137
00:53:32,920 --> 00:53:36,320
Speaker 1: were broken promises, and probably overwhelmingly there's a lot of

1138
00:53:36,360 --> 00:53:39,800
Speaker 1: concern about his age and whether he can actually handle

1139
00:53:39,840 --> 00:53:42,960
Speaker 1: the job for another four years. But again, on the

1140
00:53:43,000 --> 00:53:45,200
Speaker 1: other side, to go back to that original voter, you

1141
00:53:45,280 --> 00:53:47,040
Speaker 1: also have a lot of people, and these were the

1142
00:53:47,040 --> 00:53:50,000
Speaker 1: people who were determinative last time around, who don't like

1143
00:53:50,120 --> 00:53:53,560
Speaker 1: either candidate but ended up voting for Joe Biden. Now

1144
00:53:53,560 --> 00:53:56,719
Speaker 1: in twenty sixteen, that group that didn't like Trump and

1145
00:53:56,800 --> 00:53:59,600
Speaker 1: didn't like Hillary Clinton, at the end they moved to Trump.

1146
00:54:00,040 --> 00:54:02,840
Speaker 1: So it's almost like the core swing vote at this

1147
00:54:02,920 --> 00:54:05,759
Speaker 1: point is people who are disgusted with everyone. Do they

1148
00:54:05,760 --> 00:54:07,279
Speaker 1: show up and vote and who do they end up

1149
00:54:07,320 --> 00:54:07,759
Speaker 1: voting for.

1150
00:54:08,040 --> 00:54:09,880
Speaker 3: Yeah, I think that's right. Now.

1151
00:54:10,400 --> 00:54:12,160
Speaker 2: One of the more fascinating things they point to is

1152
00:54:12,160 --> 00:54:15,000
Speaker 2: that drop off in black voter engagement from twenty twenty two,

1153
00:54:16,040 --> 00:54:19,520
Speaker 2: which could manifest and lack of numbers. But I just

1154
00:54:19,600 --> 00:54:24,160
Speaker 2: think Trump such a polarizing figure. You know, twenty twenty

1155
00:54:24,239 --> 00:54:27,480
Speaker 2: twenty was the ultimate anti election where millions more people

1156
00:54:27,480 --> 00:54:30,360
Speaker 2: came out to vote against something rather than for something.

1157
00:54:30,760 --> 00:54:32,680
Speaker 2: Not a lot of evidence to say that any of

1158
00:54:32,719 --> 00:54:34,719
Speaker 2: that will change, but it puts you in a precarious

1159
00:54:34,760 --> 00:54:37,759
Speaker 2: situation where people hate something even marginally less than you

1160
00:54:37,800 --> 00:54:39,719
Speaker 2: are going to get marginally less votes, which could end

1161
00:54:39,800 --> 00:54:41,839
Speaker 2: up mattering. Let's say in an election where you only

1162
00:54:41,840 --> 00:54:43,960
Speaker 2: won by thirty thousand votes. You know, just.

1163
00:54:45,680 --> 00:54:48,040
Speaker 3: Throwing that out there, Yeah, of how it might manifest.

1164
00:54:50,880 --> 00:54:53,319
Speaker 1: All right, let's turn to the very latest revelations which

1165
00:54:53,360 --> 00:54:56,480
Speaker 1: are getting hard to keep track of around Supreme Court corruption.

1166
00:54:56,880 --> 00:54:58,080
Speaker 4: Put this up on the screen.

1167
00:54:58,120 --> 00:55:01,360
Speaker 1: So this one involves Chief Justice on Roberts, may provide

1168
00:55:01,400 --> 00:55:04,440
Speaker 1: some insight into why he has refused to come and

1169
00:55:04,840 --> 00:55:09,719
Speaker 1: testify to lawmakers about corruption in the Supreme Court. He

1170
00:55:09,840 --> 00:55:12,960
Speaker 1: is married to a woman named Jane Roberts, who has

1171
00:55:13,040 --> 00:55:17,120
Speaker 1: made ten point three million dollars in commissions from elite

1172
00:55:17,280 --> 00:55:22,840
Speaker 1: law firms. By placing lawyers top lawyers at these elite

1173
00:55:22,960 --> 00:55:26,600
Speaker 1: law firms, she is earning commissions. This is according to

1174
00:55:26,719 --> 00:55:30,399
Speaker 1: documents revealed by a whistleblower who worked with her at

1175
00:55:30,560 --> 00:55:35,200
Speaker 1: this At this legal headhunter firm that she was at,

1176
00:55:35,400 --> 00:55:38,400
Speaker 1: they say Jane Roberts generated wapping ten point three million

1177
00:55:38,480 --> 00:55:41,200
Speaker 1: dollars in commissions. This was paid out by corporations and

1178
00:55:41,280 --> 00:55:44,799
Speaker 1: by law firms for placing high dollar lawyers with them.

1179
00:55:45,360 --> 00:55:48,719
Speaker 1: They include analysis that for this industry, this is like

1180
00:55:48,800 --> 00:55:51,359
Speaker 1: the tippy top of the spectrum of what people make

1181
00:55:51,719 --> 00:55:54,440
Speaker 1: doing this job. It doesn't take a rocket scientist to

1182
00:55:54,480 --> 00:55:57,759
Speaker 1: figure out that. When it is the wife of the

1183
00:55:57,920 --> 00:56:00,839
Speaker 1: Chief Justice of the Supreme Court who's like, hey, why

1184
00:56:00,840 --> 00:56:04,239
Speaker 1: don't you hire this lawyer big corporation or big law firm,

1185
00:56:04,640 --> 00:56:07,439
Speaker 1: You're probably going to do it. Why because you want

1186
00:56:07,440 --> 00:56:10,480
Speaker 1: to curry favor with the Chief Justice of the Supreme

1187
00:56:10,520 --> 00:56:14,640
Speaker 1: Court in case your clients or your business have business

1188
00:56:14,680 --> 00:56:17,640
Speaker 1: in front of the court, and maybe that personal relationship

1189
00:56:17,719 --> 00:56:19,839
Speaker 1: might be the thing that puts you over the top. Now,

1190
00:56:19,880 --> 00:56:22,280
Speaker 1: am I saying that that is one hundred percent happened,

1191
00:56:22,320 --> 00:56:24,520
Speaker 1: or that decisions have been swayed by this type of

1192
00:56:24,560 --> 00:56:29,239
Speaker 1: what I would consider wildly disgusting inappropriate relationship. No way

1193
00:56:29,280 --> 00:56:33,040
Speaker 1: to know, but every other federal judge in the country

1194
00:56:33,080 --> 00:56:35,200
Speaker 1: is supposed to help themselves to a standard of not

1195
00:56:35,320 --> 00:56:39,080
Speaker 1: even the appearance of impropriety, and yet we have to

1196
00:56:39,160 --> 00:56:43,279
Speaker 1: learn about these multimillion dollar payments from a whistleblower who

1197
00:56:43,280 --> 00:56:45,440
Speaker 1: worked with her, who said, this is insane. Let me

1198
00:56:45,480 --> 00:56:47,520
Speaker 1: read you a little bit of the statement, and then Sager,

1199
00:56:47,560 --> 00:56:50,319
Speaker 1: I want to hear your reaction to this. This whistleblower said,

1200
00:56:50,360 --> 00:56:53,200
Speaker 1: what I found out that the spouse of the Chief

1201
00:56:53,320 --> 00:56:56,399
Speaker 1: Justice was soliciting business from law firms. I knew immediately

1202
00:56:56,719 --> 00:56:59,359
Speaker 1: it was wrong. According to a whistleblower named Kendall B. Price,

1203
00:56:59,360 --> 00:57:01,279
Speaker 1: who worked a long side Jade Roberts at the legal

1204
00:57:01,320 --> 00:57:04,920
Speaker 1: recruiting firm Major Lindsay in Africa, she said, during the

1205
00:57:04,960 --> 00:57:07,400
Speaker 1: time I was there, I was discouraged from ever raising

1206
00:57:07,440 --> 00:57:09,759
Speaker 1: the issue, and I realized that even the law firms

1207
00:57:09,760 --> 00:57:12,200
Speaker 1: who were Jane's clients had nowhere to go. They were

1208
00:57:12,239 --> 00:57:14,200
Speaker 1: being asked by the spouse of the Chief Justice for

1209
00:57:14,280 --> 00:57:16,720
Speaker 1: business worth hundreds of thousands of dollars and there was

1210
00:57:16,760 --> 00:57:19,400
Speaker 1: no one to even complain to. Most of these firms

1211
00:57:19,400 --> 00:57:23,640
Speaker 1: were likely appearing or seeking to appear before the Supreme Court.

1212
00:57:23,760 --> 00:57:26,600
Speaker 1: It is natural that they would do anything they felt

1213
00:57:26,840 --> 00:57:28,360
Speaker 1: was necessary to be competitive.

1214
00:57:28,440 --> 00:57:30,720
Speaker 2: Yeah, I just think that the issue is and I've

1215
00:57:30,720 --> 00:57:33,520
Speaker 2: actually heard of feminist arguments in defense of people like

1216
00:57:33,600 --> 00:57:36,360
Speaker 2: her Jinny Thomas, or actually any of the spouses of

1217
00:57:36,400 --> 00:57:39,040
Speaker 2: the Supreme Court, and it's one of those where nobody

1218
00:57:39,040 --> 00:57:41,880
Speaker 2: asked you to be on the Supreme Court. When you do,

1219
00:57:42,320 --> 00:57:45,320
Speaker 2: you would presume you need to take extraordinary sacrifice. If

1220
00:57:45,360 --> 00:57:47,520
Speaker 2: you are the best legal recruiter on earth, let's just

1221
00:57:47,520 --> 00:57:50,440
Speaker 2: say that that's true. Well, then you probably should tell

1222
00:57:50,440 --> 00:57:53,160
Speaker 2: your husband, honey, can't go to the Supreme Court because

1223
00:57:53,160 --> 00:57:55,840
Speaker 2: I want to continue cashing in and making these dollars.

1224
00:57:56,320 --> 00:57:59,760
Speaker 2: But whenever your family signs up for that, then, frankly,

1225
00:58:00,280 --> 00:58:04,040
Speaker 2: especially whenever your finances are totally intertwined like this, I'm sorry,

1226
00:58:04,040 --> 00:58:06,640
Speaker 2: it's just not appropriate, you know, and I see this constantly.

1227
00:58:06,760 --> 00:58:10,400
Speaker 2: You know, the amount of intermingling that I see of

1228
00:58:10,480 --> 00:58:13,080
Speaker 2: all of these justices would shock you. I mean I

1229
00:58:13,160 --> 00:58:16,440
Speaker 2: recently heard about, you know, Supreme Court justices and this

1230
00:58:16,520 --> 00:58:19,280
Speaker 2: is well known who are attending dinner parties with lawyers

1231
00:58:19,440 --> 00:58:21,360
Speaker 2: who are arguing things.

1232
00:58:21,440 --> 00:58:24,080
Speaker 3: Before their own before the court.

1233
00:58:24,360 --> 00:58:27,440
Speaker 2: Now, do you really believe that has no impact on

1234
00:58:27,480 --> 00:58:30,560
Speaker 2: that the social scene in terms of justice Brier or

1235
00:58:30,600 --> 00:58:33,320
Speaker 2: any of these others who are co mingling and sitting

1236
00:58:33,560 --> 00:58:36,400
Speaker 2: with people who are then appearing before the court. And

1237
00:58:36,440 --> 00:58:39,480
Speaker 2: this happens all the time in terms of this dirty

1238
00:58:39,680 --> 00:58:42,080
Speaker 2: secret relationship. And the crazy thing is is that these

1239
00:58:42,080 --> 00:58:43,919
Speaker 2: are the people who are supposed to make the law.

1240
00:58:44,360 --> 00:58:46,400
Speaker 2: And I just I don't care. You know, I've heard

1241
00:58:46,440 --> 00:58:48,840
Speaker 2: a lot of conservative defenses. They're going after Clarence Thomas.

1242
00:58:48,880 --> 00:58:50,920
Speaker 2: I don't like him. Yeah, it's certainly maybe true, but

1243
00:58:50,960 --> 00:58:54,200
Speaker 2: nobody made him just not report financial disclosures. And I

1244
00:58:54,240 --> 00:58:55,880
Speaker 2: was like, you're the one who do one of the

1245
00:58:55,880 --> 00:58:58,000
Speaker 2: reasons whenever you're one of the things you should do

1246
00:58:58,200 --> 00:59:00,720
Speaker 2: when you're a target, dot your eyes and across your tees,

1247
00:59:00,840 --> 00:59:03,320
Speaker 2: pay your taxes, make sure that your financial disclosure.

1248
00:59:03,480 --> 00:59:05,800
Speaker 3: Is that so much to ask? Yeah, I just don't

1249
00:59:05,800 --> 00:59:06,280
Speaker 3: think it is.

1250
00:59:06,680 --> 00:59:09,920
Speaker 1: Clarence Thomas, and I think some of the other all

1251
00:59:09,920 --> 00:59:11,960
Speaker 1: of the conservative justices, to be honest with you, I mean,

1252
00:59:12,000 --> 00:59:16,080
Speaker 1: they have this view number one, that money is speech. Yeah,

1253
00:59:16,120 --> 00:59:19,800
Speaker 1: so they look differently at this like money that's going

1254
00:59:19,880 --> 00:59:23,720
Speaker 1: to benefit them, their spousals whatever, Number one and number two.

1255
00:59:23,800 --> 00:59:26,640
Speaker 4: They also have this very limited view of.

1256
00:59:26,600 --> 00:59:29,480
Speaker 1: Corruption where it's actively like you have to be taking

1257
00:59:29,520 --> 00:59:33,240
Speaker 1: a bag of cash in exchange for what giving a

1258
00:59:33,280 --> 00:59:37,080
Speaker 1: favorable decision in order for them to view it as corruption.

1259
00:59:37,600 --> 00:59:41,720
Speaker 1: So their ideology has is at the core of this

1260
00:59:41,840 --> 00:59:45,160
Speaker 1: rot specifically with regard to the conservative justices, but I

1261
00:59:45,160 --> 00:59:47,840
Speaker 1: think it goes beyond the conservative justices. I think this

1262
00:59:47,920 --> 00:59:50,800
Speaker 1: is one of those instances where there's a whole ecosystem

1263
00:59:51,040 --> 00:59:55,040
Speaker 1: created around all of the justices on the Court. I

1264
00:59:55,080 --> 00:59:58,840
Speaker 1: think there is a view among the all or most

1265
00:59:58,880 --> 01:00:01,840
Speaker 1: of the justices that because they are put into this

1266
01:00:01,960 --> 01:00:05,560
Speaker 1: elite position of power, that they should live the high

1267
01:00:05,640 --> 01:00:09,360
Speaker 1: lifestyle of other elites who make a lot more money

1268
01:00:09,440 --> 01:00:09,960
Speaker 1: than they do.

1269
01:00:10,280 --> 01:00:11,120
Speaker 4: And so what do they make.

1270
01:00:11,120 --> 01:00:13,760
Speaker 1: They make like two hundred thousand dollars as a Supreme

1271
01:00:13,800 --> 01:00:16,960
Speaker 1: Court justice. I mean they make a good amount of money, right.

1272
01:00:17,000 --> 01:00:18,960
Speaker 1: I mean, you out there will probably be, you know,

1273
01:00:19,000 --> 01:00:21,600
Speaker 1: feel pretty good about earning two hundred k. It's not

1274
01:00:21,720 --> 01:00:25,360
Speaker 1: some it's not a pittance, six two eighty six. So

1275
01:00:25,400 --> 01:00:27,880
Speaker 1: we're not talking about a pittance here, but they feel

1276
01:00:27,880 --> 01:00:30,760
Speaker 1: like they should be leading the life of a multi

1277
01:00:30,840 --> 01:00:34,240
Speaker 1: multi millionaire. And so when Harlan Crowe comes along and

1278
01:00:34,400 --> 01:00:36,200
Speaker 1: is going to take you on his you know, trip

1279
01:00:36,280 --> 01:00:38,480
Speaker 1: on his luxury super yacht and fly they're on the

1280
01:00:38,520 --> 01:00:40,880
Speaker 1: private jet and all in all spend half a million

1281
01:00:40,960 --> 01:00:44,640
Speaker 1: dollars on one vacation, you feel like that is the

1282
01:00:44,760 --> 01:00:47,840
Speaker 1: life that you have earned and deserved, rather than seeing

1283
01:00:47,840 --> 01:00:51,720
Speaker 1: yourself as a true public servant with a lot of

1284
01:00:51,840 --> 01:00:56,040
Speaker 1: power that yes, may come with sacrificing the multi multimillion

1285
01:00:56,080 --> 01:00:58,880
Speaker 1: dollar payouts that you could have achieved if you had

1286
01:00:58,920 --> 01:01:01,439
Speaker 1: gone to work in the private sector, and that may

1287
01:01:01,480 --> 01:01:04,360
Speaker 1: also come with a cause for your spouses in terms

1288
01:01:04,400 --> 01:01:05,920
Speaker 1: of some of the things that they have to go

1289
01:01:06,080 --> 01:01:09,080
Speaker 1: give up in terms of their own careers and ambitions, connections,

1290
01:01:09,080 --> 01:01:11,960
Speaker 1: et cetera. That's the true way that you look at

1291
01:01:12,000 --> 01:01:16,080
Speaker 1: public service, not how do I get around this measly

1292
01:01:16,480 --> 01:01:19,960
Speaker 1: almost three hundred K salary to cash into the tune

1293
01:01:19,960 --> 01:01:23,120
Speaker 1: of multi multimillions of dollars and live that high lifestyle.

1294
01:01:23,520 --> 01:01:25,880
Speaker 1: And I say this is an ecosystem because there's another

1295
01:01:26,040 --> 01:01:28,400
Speaker 1: piece that is, you know, lengthy from the New York

1296
01:01:28,480 --> 01:01:32,800
Speaker 1: Times about the way that universities, and specifically George Mason

1297
01:01:33,000 --> 01:01:38,640
Speaker 1: University have created these very cushy teaching positions, have done

1298
01:01:38,720 --> 01:01:42,080
Speaker 1: all sorts of over the top things to curry favor,

1299
01:01:42,360 --> 01:01:46,160
Speaker 1: specifically with the conservative justices. The George Mason Law School

1300
01:01:46,160 --> 01:01:48,320
Speaker 1: has now been named the Scalia Law School. They are

1301
01:01:48,360 --> 01:01:53,240
Speaker 1: deeply entwined with the Federalist Society. This has become one of,

1302
01:01:53,360 --> 01:01:57,240
Speaker 1: if not the major locus of sort of conservative ideological

1303
01:01:57,400 --> 01:02:00,880
Speaker 1: legal thought in the entire country, and very intentionally made it.

1304
01:02:00,960 --> 01:02:02,480
Speaker 4: So put this up on the screen.

1305
01:02:02,520 --> 01:02:05,760
Speaker 1: This next piece, the headline year is how Scalia Law

1306
01:02:05,760 --> 01:02:08,200
Speaker 1: School became a key friend of the court. George Mason

1307
01:02:08,280 --> 01:02:12,200
Speaker 1: University's Law school cultivated ties to justices with generous pay

1308
01:02:12,600 --> 01:02:14,440
Speaker 1: and unusual perks.

1309
01:02:14,840 --> 01:02:15,720
Speaker 4: In turn, it.

1310
01:02:15,680 --> 01:02:20,520
Speaker 1: Gained prestige, donations and influence. So here's the way this

1311
01:02:20,760 --> 01:02:26,160
Speaker 1: cycle works. George Mason University offers these tremendous perks, things like, oh,

1312
01:02:26,200 --> 01:02:29,400
Speaker 1: you'll go teach in whatever city you pick in Italy

1313
01:02:29,560 --> 01:02:31,520
Speaker 1: for multiple weeks, so it put you up there. This

1314
01:02:31,600 --> 01:02:34,120
Speaker 1: is one of the loopholes of things that Supreme Court

1315
01:02:34,240 --> 01:02:36,120
Speaker 1: justices are allowed to do outside of their work on

1316
01:02:36,160 --> 01:02:36,680
Speaker 1: the court.

1317
01:02:36,920 --> 01:02:37,840
Speaker 4: We'll put you up.

1318
01:02:37,760 --> 01:02:41,160
Speaker 1: There in you know, lavish fashion. We'll pay for your meals.

1319
01:02:41,160 --> 01:02:42,439
Speaker 1: You did a little bit of teaching in the morning,

1320
01:02:42,480 --> 01:02:44,120
Speaker 1: I guess, but then you can do whatever you want

1321
01:02:44,160 --> 01:02:47,120
Speaker 1: the rest of the day. So and there're these sort

1322
01:02:47,160 --> 01:02:51,640
Speaker 1: of bespoke experiences created to lure the justices. They use

1323
01:02:51,720 --> 01:02:56,000
Speaker 1: their proximity to the justices to raise hundreds of millions

1324
01:02:56,040 --> 01:02:59,840
Speaker 1: of dollars for these law schools, so the school benefits tremendously,

1325
01:03:00,400 --> 01:03:03,480
Speaker 1: and then lo and behold, their students also end up

1326
01:03:03,480 --> 01:03:07,120
Speaker 1: getting far more Supreme Court clerkships and other high level

1327
01:03:07,120 --> 01:03:10,400
Speaker 1: elite clerkships than they ever did before. So it's again

1328
01:03:10,480 --> 01:03:15,440
Speaker 1: this whole ecosystem that is created of favor trading and big,

1329
01:03:15,480 --> 01:03:18,919
Speaker 1: big money. And again to get to the influence here,

1330
01:03:19,040 --> 01:03:22,640
Speaker 1: also a lot of the justice's co professors end up

1331
01:03:22,760 --> 01:03:25,680
Speaker 1: filing amicist briefs intended to sway the court. So these

1332
01:03:25,680 --> 01:03:27,760
Speaker 1: are people that they've met, that they've taught with, that

1333
01:03:27,800 --> 01:03:31,240
Speaker 1: they've gone on lavish Italian or whatever vacations with, and

1334
01:03:31,800 --> 01:03:34,880
Speaker 1: they're submitting briefs Scalia law professors, they say, are not

1335
01:03:34,920 --> 01:03:38,280
Speaker 1: simply regular amicist brief filers. A quarter of the school's

1336
01:03:38,320 --> 01:03:40,600
Speaker 1: brief submitted to the court since the justices joined the

1337
01:03:40,640 --> 01:03:44,080
Speaker 1: faculty have been written by professors who served as the

1338
01:03:44,200 --> 01:03:48,160
Speaker 1: justice's co teachers, some while classes were ongoing. So it

1339
01:03:48,160 --> 01:03:51,280
Speaker 1: would it creates the appearance of an explicit attempt to

1340
01:03:51,360 --> 01:03:54,400
Speaker 1: use the people that the justices know in order to

1341
01:03:54,480 --> 01:03:56,120
Speaker 1: sway their decisions on the court.

1342
01:03:56,120 --> 01:03:57,840
Speaker 2: Here, Yeah, I think I just think it's important too,

1343
01:03:57,880 --> 01:03:59,920
Speaker 2: where this is a look into the contemptive. I mean,

1344
01:04:00,080 --> 01:04:04,800
Speaker 2: Harvard University has multiple people who have fellowships and connections.

1345
01:04:04,840 --> 01:04:08,120
Speaker 2: I mean, all of these justices are intertwined in a

1346
01:04:08,200 --> 01:04:11,960
Speaker 2: nonprofit corporate industrial complex, which is difficult to wrap your

1347
01:04:12,000 --> 01:04:14,320
Speaker 2: mind around. I also don't think that people fully appreciate

1348
01:04:14,360 --> 01:04:17,520
Speaker 2: how much big law is ingrained in all of us.

1349
01:04:17,520 --> 01:04:17,800
Speaker 3: As well.

1350
01:04:17,800 --> 01:04:20,000
Speaker 2: There are only a couple of firms that really specialize

1351
01:04:20,000 --> 01:04:22,320
Speaker 2: in Supreme Court litigation and Low and Behold.

1352
01:04:22,320 --> 01:04:23,760
Speaker 3: They hire a bunch of former clerks.

1353
01:04:23,800 --> 01:04:27,480
Speaker 2: This is a social scene, probably more than anything. I

1354
01:04:27,520 --> 01:04:30,120
Speaker 2: have limited insight because I know a few people who

1355
01:04:30,160 --> 01:04:30,680
Speaker 2: are involved.

1356
01:04:30,720 --> 01:04:32,400
Speaker 3: I mean, they consider themselves like families.

1357
01:04:32,480 --> 01:04:35,040
Speaker 2: Like once you've it's almost like the mafia, Like once

1358
01:04:35,040 --> 01:04:39,000
Speaker 2: you've been a clerk for like one particular justice, you're

1359
01:04:39,040 --> 01:04:41,080
Speaker 2: like part of this world of former clerks and they

1360
01:04:41,080 --> 01:04:43,240
Speaker 2: help each other and all that they all know about

1361
01:04:43,240 --> 01:04:45,720
Speaker 2: what's going on behind the scenes and whispers and it

1362
01:04:45,840 --> 01:04:48,200
Speaker 2: all entails like Harvard and Yale gossip.

1363
01:04:48,320 --> 01:04:50,320
Speaker 3: So it's actually pretty incestuous and gross.

1364
01:04:50,320 --> 01:04:52,760
Speaker 2: But anyway, the point is is that there's a tremendous

1365
01:04:52,760 --> 01:04:55,480
Speaker 2: amount of money that is involved with all of this,

1366
01:04:55,680 --> 01:04:58,880
Speaker 2: where the appearance of corruption has been there, I would

1367
01:04:58,880 --> 01:05:01,080
Speaker 2: just say for a long time, and I think it's

1368
01:05:01,080 --> 01:05:03,320
Speaker 2: a good thing that we're all beginning to look into it.

1369
01:05:03,360 --> 01:05:05,520
Speaker 2: So people are like, oh, they're going after the concern.

1370
01:05:05,560 --> 01:05:07,800
Speaker 2: It's like, okay, nothing is stopping you, by the way,

1371
01:05:07,800 --> 01:05:09,960
Speaker 2: from going out and finding the same with Ellen and

1372
01:05:10,040 --> 01:05:12,320
Speaker 2: Kagan or show to my or I guarantee you it's

1373
01:05:12,320 --> 01:05:12,720
Speaker 2: out there.

1374
01:05:12,760 --> 01:05:13,560
Speaker 3: I guarantee you.

1375
01:05:13,840 --> 01:05:17,200
Speaker 1: Even with the George Mason University Law School, which is,

1376
01:05:17,360 --> 01:05:18,880
Speaker 1: you know, like I said, a sort of a hotbed

1377
01:05:18,880 --> 01:05:21,640
Speaker 1: for conservative legal thought. Now some of the other justice

1378
01:05:21,680 --> 01:05:23,720
Speaker 1: I think Kagan was named in this piece as well

1379
01:05:23,760 --> 01:05:26,840
Speaker 1: as getting some you know, cushy gigs and them reaching

1380
01:05:26,840 --> 01:05:29,520
Speaker 1: out to her as well because they don't care. They

1381
01:05:30,240 --> 01:05:33,320
Speaker 1: curry influence in favor with whoever, regardless of what your

1382
01:05:33,320 --> 01:05:38,919
Speaker 1: ideology really is. So just to you know, finish this off.

1383
01:05:39,000 --> 01:05:40,800
Speaker 1: I want to read you a little bit of the

1384
01:05:40,840 --> 01:05:45,480
Speaker 1: details here of Justice Gorsic planning his Italian teaching gig.

1385
01:05:46,200 --> 01:05:48,440
Speaker 1: The Law school was courting him in twenty seventeen. They

1386
01:05:48,480 --> 01:05:51,080
Speaker 1: asked him to help choose the Italian city where for

1387
01:05:51,080 --> 01:05:52,800
Speaker 1: two weeks the following summer he would co teach a

1388
01:05:52,840 --> 01:05:55,920
Speaker 1: seminar on national security and the separation of powers. A

1389
01:05:55,960 --> 01:05:59,440
Speaker 1: memo offered options including Padua I don't know how you

1390
01:05:59,440 --> 01:06:02,080
Speaker 1: say it to your city in a picturesque setting, Venice

1391
01:06:02,080 --> 01:06:03,959
Speaker 1: with a seven mile long sand bar known as Ledo,

1392
01:06:04,040 --> 01:06:08,120
Speaker 1: and Bologna, Italy's most prestigious academic city. In the end,

1393
01:06:08,160 --> 01:06:10,120
Speaker 1: the class would be in Padua, where the law school

1394
01:06:10,120 --> 01:06:11,680
Speaker 1: put up the Justice and his family, and what a

1395
01:06:11,680 --> 01:06:15,080
Speaker 1: listening described as an aristocratic, antique filled apartment in the

1396
01:06:15,080 --> 01:06:17,520
Speaker 1: heart of the old town. A draft handbook for the

1397
01:06:17,560 --> 01:06:20,000
Speaker 1: trip email to Justice gor which made clear his teaching

1398
01:06:20,040 --> 01:06:23,320
Speaker 1: responsibilities would be limited to the mornings, leaving plenty of

1399
01:06:23,400 --> 01:06:26,840
Speaker 1: time for excursions, including planned visits in the afternoon.

1400
01:06:27,080 --> 01:06:29,480
Speaker 4: Fantastico, the Justice responded, It's.

1401
01:06:29,440 --> 01:06:32,040
Speaker 2: Nice work if he can get it, folks. Bologna is

1402
01:06:32,040 --> 01:06:32,760
Speaker 2: a beautiful city.

1403
01:06:33,080 --> 01:06:33,720
Speaker 3: I'll give him that.

1404
01:06:34,320 --> 01:06:36,680
Speaker 2: All right, let's talk about the White House Correspondence dinner.

1405
01:06:36,800 --> 01:06:40,840
Speaker 2: We've got the best I think of Joe Biden's performance. Again,

1406
01:06:41,040 --> 01:06:43,520
Speaker 2: I want to be fair the guy he hey had

1407
01:06:43,560 --> 01:06:46,320
Speaker 2: win of his good days that exists. I wouldn't say

1408
01:06:46,320 --> 01:06:48,800
Speaker 2: his delivery or jokes were all that great. But what

1409
01:06:48,920 --> 01:06:51,560
Speaker 2: I found interesting is how much time he spent going

1410
01:06:51,600 --> 01:06:55,880
Speaker 2: after Ron. It's like DeSantis was a main character, almost

1411
01:06:56,000 --> 01:06:59,200
Speaker 2: more than Trump was. Of course Trump got several jokes there,

1412
01:06:59,200 --> 01:07:02,520
Speaker 2: but he really did didn't appear to be going after DeSantis.

1413
01:07:02,760 --> 01:07:04,920
Speaker 2: I think in a special way. One of those was

1414
01:07:04,960 --> 01:07:07,040
Speaker 2: the focus of President Biden's jokes.

1415
01:07:07,080 --> 01:07:10,120
Speaker 3: Here's what he had to say at Rod DeSantis.

1416
01:07:10,400 --> 01:07:13,240
Speaker 5: I had a lot of rand Rod de Santra's jokes ready,

1417
01:07:14,560 --> 01:07:16,960
Speaker 5: but but Mickey Mouse beat the hell out of me

1418
01:07:17,000 --> 01:07:26,240
Speaker 5: and got there first. He Look, can't be too rough.

1419
01:07:26,040 --> 01:07:26,480
Speaker 9: For the guy.

1420
01:07:27,920 --> 01:07:31,320
Speaker 5: After his re election as governor, he was asked if

1421
01:07:31,360 --> 01:07:36,560
Speaker 5: he had a man date. He said, hell, no, I'm straight.

1422
01:07:36,760 --> 01:07:37,320
Speaker 6: I'm straight.

1423
01:07:38,440 --> 01:07:43,520
Speaker 5: You same ancient my same wise, the same.

1424
01:07:43,600 --> 01:07:44,200
Speaker 6: Over the hill.

1425
01:07:46,600 --> 01:07:52,560
Speaker 5: Don Lemon would say, that's the man that was frying. Look,

1426
01:07:53,840 --> 01:07:56,040
Speaker 5: it's great the cable moves and networks are here. Tonight,

1427
01:07:57,320 --> 01:08:03,560
Speaker 5: MSNBC owned by NBC Universal, Fox News owned by Dominion

1428
01:08:03,640 --> 01:08:09,160
Speaker 5: Voting Systems. I'm going to turn this over to Roy.

1429
01:08:10,840 --> 01:08:11,080
Speaker 7: Roy.

1430
01:08:12,440 --> 01:08:13,640
Speaker 6: The plot him is yours.

1431
01:08:14,560 --> 01:08:17,559
Speaker 5: I'm going to be fine with your jokes, but I'm

1432
01:08:17,560 --> 01:08:19,240
Speaker 5: not sure about dark branding.

1433
01:08:22,960 --> 01:08:26,160
Speaker 3: I mean, the dark Brandon broke. They were okay, I

1434
01:08:26,160 --> 01:08:26,439
Speaker 3: don't know.

1435
01:08:26,479 --> 01:08:28,519
Speaker 1: I like the Lemon Prime joke, but don Lemon pre

1436
01:08:28,960 --> 01:08:31,240
Speaker 1: even Man, it's so overwrought now at this point, well

1437
01:08:31,479 --> 01:08:33,720
Speaker 1: every YouTube comment is like the limits past his prime,

1438
01:08:33,720 --> 01:08:34,200
Speaker 1: and that's funny.

1439
01:08:34,200 --> 01:08:35,720
Speaker 2: I mean, don't get me wrong. Yeah, it's like we're

1440
01:08:35,840 --> 01:08:37,599
Speaker 2: several days late to the discourse.

1441
01:08:37,600 --> 01:08:38,360
Speaker 3: I thought you did fine.

1442
01:08:38,400 --> 01:08:40,000
Speaker 2: I didn't think there was anything in there, like a

1443
01:08:40,040 --> 01:08:42,200
Speaker 2: particular singer. I enjoyed the Fox News joke. I thought

1444
01:08:42,200 --> 01:08:43,160
Speaker 2: that was probably the best joke.

1445
01:08:43,320 --> 01:08:45,639
Speaker 4: We always grade Biden on a bit of a curve.

1446
01:08:45,680 --> 01:08:47,040
Speaker 4: I feel like you can't help.

1447
01:08:46,840 --> 01:08:49,080
Speaker 1: But be like, oh, you'd be like, you know, but

1448
01:08:49,360 --> 01:08:51,640
Speaker 1: energy and bear and okay, some of these jokes like

1449
01:08:51,680 --> 01:08:55,600
Speaker 1: half Landed not bad. I also I can't help the

1450
01:08:55,720 --> 01:09:00,240
Speaker 1: reflect on how much this whole dinner has diminished a

1451
01:09:00,240 --> 01:09:01,920
Speaker 1: good points during the Obama years.

1452
01:09:02,000 --> 01:09:03,800
Speaker 4: I mean, that was the height of the like.

1453
01:09:03,960 --> 01:09:05,679
Speaker 3: Social Yeah, it was the height.

1454
01:09:05,560 --> 01:09:09,479
Speaker 1: Of the media administration social scene and this you know,

1455
01:09:09,800 --> 01:09:15,080
Speaker 1: glittering like excited, optimistic people felt still excited about Obama's

1456
01:09:15,680 --> 01:09:18,040
Speaker 1: He was very good at delivering the jokes. He was

1457
01:09:18,120 --> 01:09:22,439
Speaker 1: genuinely funny, like had good timing. They'd use the Daily

1458
01:09:22,479 --> 01:09:26,480
Speaker 1: Show writers, I think, to help to help craft.

1459
01:09:26,160 --> 01:09:27,200
Speaker 4: The jokes, et cetera.

1460
01:09:27,320 --> 01:09:30,439
Speaker 1: It was a real it was huge to do in

1461
01:09:30,560 --> 01:09:32,960
Speaker 1: DC and to get that invite and all the after

1462
01:09:33,000 --> 01:09:35,800
Speaker 1: parties and all of that, and Trump to his credit,

1463
01:09:35,840 --> 01:09:37,280
Speaker 1: I mean, this is the thing, one of the things

1464
01:09:37,280 --> 01:09:39,400
Speaker 1: that he really killed, and I think that's a good thing.

1465
01:09:39,479 --> 01:09:42,880
Speaker 1: I also can't help but there's always at this dinner

1466
01:09:42,960 --> 01:09:45,240
Speaker 1: there's a lot of like moralizing about the free press

1467
01:09:45,240 --> 01:09:47,519
Speaker 1: and importance the free press, and I just can't take

1468
01:09:47,560 --> 01:09:50,760
Speaker 1: them seriously anymore. I mean, it's like, okay, then, why

1469
01:09:50,880 --> 01:09:52,599
Speaker 1: is Juliana Sune locked up?

1470
01:09:52,880 --> 01:09:54,920
Speaker 4: Why are you getting like, you know, the.

1471
01:09:55,080 --> 01:09:58,160
Speaker 1: Questions in advance, mister president before you go out there

1472
01:09:58,200 --> 01:10:01,120
Speaker 1: and do your pressors. Why don't you do press conferences

1473
01:10:01,160 --> 01:10:03,559
Speaker 1: more often? Why don't you sit for interviews more often?

1474
01:10:03,600 --> 01:10:06,719
Speaker 1: If you actually respect this institution, respect the free press,

1475
01:10:06,760 --> 01:10:10,200
Speaker 1: respect its importance as a critical you know, bedrock of democracy,

1476
01:10:10,240 --> 01:10:12,840
Speaker 1: as you should so I just have a hard time

1477
01:10:12,840 --> 01:10:13,439
Speaker 1: taking these people.

1478
01:10:13,479 --> 01:10:15,520
Speaker 3: The whole thing is gross, even the comedians.

1479
01:10:15,560 --> 01:10:19,280
Speaker 2: I mean, look, nothing will ever top Stephen Colbert, you know,

1480
01:10:19,479 --> 01:10:21,400
Speaker 2: just absolutely efistraating George W.

1481
01:10:21,479 --> 01:10:22,320
Speaker 3: Bush to his face.

1482
01:10:22,320 --> 01:10:24,800
Speaker 2: There are a few others, but that is just I mean,

1483
01:10:24,800 --> 01:10:27,720
Speaker 2: that's what that's actual courage, honestly, Like, that's what that

1484
01:10:28,040 --> 01:10:31,200
Speaker 2: should look like. When the White House Correspondence Association president

1485
01:10:31,360 --> 01:10:33,840
Speaker 2: roast the President to his face or speaks up, brings

1486
01:10:33,920 --> 01:10:37,120
Speaker 2: up press access issues, urge him to do more press conference, that's.

1487
01:10:36,960 --> 01:10:38,720
Speaker 3: What you should do. That's not what happened. And then

1488
01:10:38,920 --> 01:10:39,799
Speaker 3: same with the comedian.

1489
01:10:39,840 --> 01:10:43,360
Speaker 2: The comedian should not be, should not be like culturally

1490
01:10:44,040 --> 01:10:47,800
Speaker 2: going after like whoever is the opponent.

1491
01:10:47,320 --> 01:10:49,719
Speaker 3: Of the president? Roy Wood, It did an okay job.

1492
01:10:49,760 --> 01:10:52,360
Speaker 2: I think of poking some fun at Biden, but there's

1493
01:10:52,360 --> 01:10:54,160
Speaker 2: a hell of a lot more to play with here.

1494
01:10:54,240 --> 01:10:55,639
Speaker 3: There is what we thought were some of.

1495
01:10:55,560 --> 01:10:59,040
Speaker 9: His best Happy to be here real quick, miss President,

1496
01:10:59,040 --> 01:11:00,320
Speaker 9: I think you left some of your class of our

1497
01:11:00,360 --> 01:11:04,000
Speaker 9: documents up here. You can get took a little Yeah no,

1498
01:11:04,000 --> 01:11:05,200
Speaker 9: don't get him to him. I'll put him in a

1499
01:11:05,240 --> 01:11:07,040
Speaker 9: safe place. He don't know where to keep him. I'mas

1500
01:11:08,360 --> 01:11:13,320
Speaker 9: scandals have been devouring careers this year. The untouchable Tucker

1501
01:11:13,400 --> 01:11:18,719
Speaker 9: Crosson is out of a job. Now, Okay, some people

1502
01:11:18,760 --> 01:11:22,200
Speaker 9: celebrate it, But to Tucker's staff, I want you to

1503
01:11:22,240 --> 01:11:24,680
Speaker 9: know that I know what you're feeling. I work at

1504
01:11:24,680 --> 01:11:27,479
Speaker 9: the Daily Show, so I too have been blindsided by

1505
01:11:27,520 --> 01:11:30,800
Speaker 9: the sudden departure of the host of a fake news program.

1506
01:11:31,000 --> 01:11:35,479
Speaker 9: No scandal more damaging than the scandal of is Joe

1507
01:11:35,479 --> 01:11:40,879
Speaker 9: Biden awake? Hey, say what you want about our president,

1508
01:11:40,920 --> 01:11:44,320
Speaker 9: but when you wake up from that nap work gets done,

1509
01:11:45,320 --> 01:11:52,400
Speaker 9: he might doze off with and infrastructure bills, student loan forgiveness.

1510
01:11:52,479 --> 01:11:55,479
Speaker 9: Senator hmm, do we free Britony ground or free Britain

1511
01:11:55,520 --> 01:12:00,320
Speaker 9: the ground? The issue with good media is that most

1512
01:12:00,320 --> 01:12:05,479
Speaker 9: people can't afford that all the essential, fair and nuanced reporting.

1513
01:12:05,680 --> 01:12:10,280
Speaker 9: It's all stuff behind a paywall. People can't afford let

1514
01:12:10,320 --> 01:12:13,559
Speaker 9: people can't afford food, not healthy food. They can't afford

1515
01:12:13,560 --> 01:12:15,559
Speaker 9: an education. They damn sure can't afford to pay for

1516
01:12:15,600 --> 01:12:18,160
Speaker 9: the truth. But you all can't afford to go find

1517
01:12:18,200 --> 01:12:19,080
Speaker 9: the truth for free.

1518
01:12:20,920 --> 01:12:23,640
Speaker 2: It was okay, you know, like I said, you know,

1519
01:12:23,680 --> 01:12:26,120
Speaker 2: at least you poked fun at Biden's age. I think

1520
01:12:26,160 --> 01:12:28,840
Speaker 2: the takeaways, Like you said, it's just almost irrelevant now

1521
01:12:28,920 --> 01:12:31,400
Speaker 2: at this point. Where as it was a big to do,

1522
01:12:32,240 --> 01:12:32,760
Speaker 2: now it's not.

1523
01:12:33,000 --> 01:12:34,600
Speaker 3: And I think that's probably a good thing, you know.

1524
01:12:34,680 --> 01:12:36,320
Speaker 2: You know, you have to give credits for killing it

1525
01:12:36,360 --> 01:12:38,880
Speaker 2: was Trump because he didn't attend I think for his

1526
01:12:39,000 --> 01:12:41,879
Speaker 2: entire four years in office, it lost the cultural cachet.

1527
01:12:41,960 --> 01:12:44,080
Speaker 2: Then COVID happened. Not enough people were able to come

1528
01:12:44,120 --> 01:12:46,080
Speaker 2: in in the first two years. They tried to make

1529
01:12:46,120 --> 01:12:48,599
Speaker 2: it into a whole thing with all the vanity fair

1530
01:12:48,680 --> 01:12:50,400
Speaker 2: parties and all that. But because it's such a bad

1531
01:12:50,520 --> 01:12:52,839
Speaker 2: time for the media business, they don't have the cash

1532
01:12:53,000 --> 01:12:55,840
Speaker 2: to throw these things in the same way. On top

1533
01:12:55,880 --> 01:12:59,120
Speaker 2: of the Don Lemon firings and the cable crashing and

1534
01:12:59,160 --> 01:13:02,639
Speaker 2: the CNN drama, etc. They just don't have the same

1535
01:13:02,760 --> 01:13:05,240
Speaker 2: level of like being on the upswing that they thought

1536
01:13:05,240 --> 01:13:07,920
Speaker 2: they were back in two thousand and like ten, they're twenty.

1537
01:13:07,560 --> 01:13:10,400
Speaker 4: Eleven, dying relic of a struggling industry. That's what it

1538
01:13:10,400 --> 01:13:10,800
Speaker 4: feels like.

1539
01:13:10,920 --> 01:13:14,120
Speaker 2: Yeah, I think Glenn Greenwall's always referred to it as Versailles,

1540
01:13:14,120 --> 01:13:16,559
Speaker 2: and I think that's very app actually, Julia Fox came

1541
01:13:16,600 --> 01:13:17,680
Speaker 2: in whiteface.

1542
01:13:17,240 --> 01:13:18,960
Speaker 3: So it really is one of those where it's as

1543
01:13:19,200 --> 01:13:20,480
Speaker 3: Versailles as it gets.

1544
01:13:23,560 --> 01:13:24,559
Speaker 4: Tager, what are you looking at?

1545
01:13:24,720 --> 01:13:27,200
Speaker 3: Well? Is Fox News the star or the stars on

1546
01:13:27,240 --> 01:13:27,719
Speaker 3: its channel?

1547
01:13:27,960 --> 01:13:30,200
Speaker 2: This is the biggest debate happening right now inside the

1548
01:13:30,200 --> 01:13:32,400
Speaker 2: media business. And if you ask ten years ago, the

1549
01:13:32,439 --> 01:13:35,000
Speaker 2: answer was obvious. It's Fox News. It was under the

1550
01:13:35,000 --> 01:13:37,400
Speaker 2: control of the Iron control of its founder and president

1551
01:13:37,479 --> 01:13:40,559
Speaker 2: Roger Railes. It had fired its highest rated talent, Glenn Beck,

1552
01:13:40,640 --> 01:13:43,320
Speaker 2: for getting too big for bridges, and survived it gotten

1553
01:13:43,400 --> 01:13:46,000
Speaker 2: rid of O'Reilly despite his mainstay on TVs for nearly

1554
01:13:46,040 --> 01:13:49,160
Speaker 2: twenty years. Bounce back soon with the Tucker Carlson Tonight's show.

1555
01:13:49,520 --> 01:13:51,880
Speaker 2: That's the line that you're seeing over and over and

1556
01:13:51,920 --> 01:13:55,080
Speaker 2: over again. And history often rhymes teaching us many lessons.

1557
01:13:55,280 --> 01:13:58,040
Speaker 2: Too many people, though, are not realizing how much times

1558
01:13:58,040 --> 01:14:01,400
Speaker 2: have changed. The reason that Fox Knews survived O'Reilly's departure

1559
01:14:01,680 --> 01:14:04,439
Speaker 2: was not just Tucker's talent and difference in programming in

1560
01:14:04,479 --> 01:14:07,000
Speaker 2: taking over the time slot. It was because it happened

1561
01:14:07,040 --> 01:14:10,559
Speaker 2: in twenty seventeen, the biggest Fox News and cable news

1562
01:14:10,600 --> 01:14:14,000
Speaker 2: boom in modern history. It was squarely not just during

1563
01:14:14,040 --> 01:14:18,240
Speaker 2: the Trump era, where the content was endless and in

1564
01:14:18,280 --> 01:14:21,639
Speaker 2: the Fox context, his people were more riled up, more

1565
01:14:21,680 --> 01:14:24,439
Speaker 2: dedicated than ever to tune in and see how their

1566
01:14:24,479 --> 01:14:27,760
Speaker 2: beloved savior, Donald Trump was being persecuted. That's not the

1567
01:14:27,800 --> 01:14:29,800
Speaker 2: case right now, is it? And not only is it

1568
01:14:29,840 --> 01:14:32,000
Speaker 2: not the case, it's not going to be the case again.

1569
01:14:32,240 --> 01:14:32,920
Speaker 3: How do I know?

1570
01:14:33,120 --> 01:14:35,720
Speaker 2: Because if you haven't noticed, Rupert Murdoch, the founder of

1571
01:14:35,760 --> 01:14:37,880
Speaker 2: Fox News, is trying to move on from Trump, not

1572
01:14:38,040 --> 01:14:41,479
Speaker 2: just move on, but actively pushing Governor Ron DeSantis and

1573
01:14:41,520 --> 01:14:44,759
Speaker 2: Trump's people. They're taking notice. You already had Steve Bannon

1574
01:14:44,800 --> 01:14:47,360
Speaker 2: call out Murdoch from the seapack stage. You've had Trump

1575
01:14:47,400 --> 01:14:50,400
Speaker 2: release multiple statements going after Fox News. You've had Trump

1576
01:14:50,439 --> 01:14:53,880
Speaker 2: basically move for his most fawning interviews to the Newsmax channel.

1577
01:14:54,040 --> 01:14:56,040
Speaker 2: And that brings me to my point. This time is

1578
01:14:56,080 --> 01:14:59,439
Speaker 2: different because of a major and one word competition. In

1579
01:14:59,439 --> 01:15:03,320
Speaker 2: two thousands seventeen, Fox News was the universal hub of MAGA,

1580
01:15:04,080 --> 01:15:07,360
Speaker 2: but Stop the Steal changed everything. Even when Fox had

1581
01:15:07,400 --> 01:15:09,360
Speaker 2: to back away from its claims around the stolen election,

1582
01:15:09,560 --> 01:15:12,160
Speaker 2: people flocked them to newsbacks to One America News. We

1583
01:15:12,200 --> 01:15:14,840
Speaker 2: saw Trump blackout of coverage and their ratings during the

1584
01:15:14,840 --> 01:15:17,160
Speaker 2: Biden era, like most cable news channels, have been lower

1585
01:15:17,200 --> 01:15:19,680
Speaker 2: than ever before. But even I was stunned at how

1586
01:15:19,720 --> 01:15:22,120
Speaker 2: right I appear to be with the latest numbers from

1587
01:15:22,160 --> 01:15:26,759
Speaker 2: Fox News primetime. Consider on April twenty first, Carlson's last show,

1588
01:15:26,960 --> 01:15:30,120
Speaker 2: Fox News got two point sixty five million viewers. The

1589
01:15:30,200 --> 01:15:33,120
Speaker 2: day that he was fired was roughly the same, probably

1590
01:15:33,160 --> 01:15:35,320
Speaker 2: because the Boomers who watch it hadn't even heard it

1591
01:15:35,400 --> 01:15:38,519
Speaker 2: was fired. The next day, though, Boom, they dropped by

1592
01:15:38,640 --> 01:15:41,920
Speaker 2: one million viewers. By April twenty six, they were now

1593
01:15:42,000 --> 01:15:44,320
Speaker 2: one point three to three million. That is their lowest

1594
01:15:44,320 --> 01:15:47,840
Speaker 2: primetime figure since pre nine to eleven. And it's not

1595
01:15:47,880 --> 01:15:50,640
Speaker 2: just Fox News's decline which makes things so interesting, it's

1596
01:15:50,720 --> 01:15:55,599
Speaker 2: where those people went. Newsmax ratings skyrocketed after Tucker's firing.

1597
01:15:55,920 --> 01:15:59,519
Speaker 2: Eric Bowling's eight PM show has gained five hundred thousand viewers.

1598
01:15:59,640 --> 01:16:02,240
Speaker 2: That's a four hundred percent increase from the week before.

1599
01:16:02,520 --> 01:16:05,680
Speaker 2: Insanity not just the Newsmax ratings, though it actually was

1600
01:16:05,760 --> 01:16:09,160
Speaker 2: roughly eighty percent of what CNN's Anderson Cooper gained on

1601
01:16:09,200 --> 01:16:12,320
Speaker 2: the exact same day, meaning CNN and Cooper could soon

1602
01:16:12,439 --> 01:16:16,360
Speaker 2: fall behind Newsmax in primetime, making them number four. None

1603
01:16:16,400 --> 01:16:18,800
Speaker 2: of this, though, stopped Brian Stelter from somehow rearing his

1604
01:16:18,920 --> 01:16:22,120
Speaker 2: ugly head again in the Tucker Carlson debates. Simply cannot

1605
01:16:22,200 --> 01:16:24,759
Speaker 2: quit cable news even if they have quit him. Stelter

1606
01:16:24,840 --> 01:16:26,920
Speaker 2: wrote a fawning tribute to the cable news medium in

1607
01:16:26,960 --> 01:16:29,920
Speaker 2: New York Times which bears dismantling. The crux of his

1608
01:16:30,080 --> 01:16:32,200
Speaker 2: argument is Fox News is still the star, as is

1609
01:16:32,240 --> 01:16:35,280
Speaker 2: all the cable channels, all because cable TV has the

1610
01:16:35,320 --> 01:16:38,240
Speaker 2: cultural power now. In other words, while CNN and Fox

1611
01:16:38,320 --> 01:16:41,240
Speaker 2: News ratings are low, according to Stelter, because their clips

1612
01:16:41,240 --> 01:16:44,439
Speaker 2: circulate online from Twitter to YouTube or elsewhere, it's much

1613
01:16:44,439 --> 01:16:47,080
Speaker 2: bigger and look, he is not wrong, at least in part.

1614
01:16:47,360 --> 01:16:50,000
Speaker 2: The reason why I think though it's pathetic cope is this.

1615
01:16:50,479 --> 01:16:53,800
Speaker 2: Anyone who works in the content game knows sure you

1616
01:16:53,840 --> 01:16:56,559
Speaker 2: can get twenty million views on a viral Twitter clip,

1617
01:16:56,760 --> 01:17:00,160
Speaker 2: it means squat for revenue. More So, even if you

1618
01:17:00,200 --> 01:17:02,800
Speaker 2: do have viral for the right reason, you got very

1619
01:17:02,800 --> 01:17:04,760
Speaker 2: little proof any of those people are going to stick

1620
01:17:04,800 --> 01:17:08,080
Speaker 2: around for you for the months to come. Most importantly,

1621
01:17:08,280 --> 01:17:11,080
Speaker 2: Twitter or YouTube views is not going to float a

1622
01:17:11,120 --> 01:17:15,160
Speaker 2: behemoth business like Fox News, MSNBC or CNN, and CNN

1623
01:17:15,280 --> 01:17:17,519
Speaker 2: is a dying business. We still should not forget. Though

1624
01:17:17,520 --> 01:17:20,360
Speaker 2: their profit margin is some one billion dollars a year.

1625
01:17:20,560 --> 01:17:24,200
Speaker 2: Fox is actually two billion, MSNBC in the same range.

1626
01:17:24,280 --> 01:17:26,320
Speaker 2: How are they making all this money? How do you

1627
01:17:26,360 --> 01:17:28,559
Speaker 2: make a billion dollars when you're failing at your job?

1628
01:17:28,760 --> 01:17:31,640
Speaker 2: I'll tell you why again. The cable providers are the

1629
01:17:31,640 --> 01:17:32,679
Speaker 2: ones who pay them.

1630
01:17:32,880 --> 01:17:34,320
Speaker 3: When you pay X amount.

1631
01:17:34,000 --> 01:17:36,640
Speaker 2: For cable TV, a pretty good chunk of change is

1632
01:17:36,680 --> 01:17:40,040
Speaker 2: going directly into the cable news profits. Those fees make

1633
01:17:40,120 --> 01:17:42,519
Speaker 2: up the bulk of the profit centers of these companies.

1634
01:17:42,560 --> 01:17:47,120
Speaker 2: It floats their multi billion dollar operation millions of YouTube views.

1635
01:17:47,240 --> 01:17:49,800
Speaker 2: That's just fine for a company like ours. But we're

1636
01:17:49,840 --> 01:17:53,280
Speaker 2: a startup, We're lean, mean, we work much harder than

1637
01:17:53,280 --> 01:17:54,600
Speaker 2: these fat cat executives.

1638
01:17:54,680 --> 01:17:56,160
Speaker 3: We punch big above our weight.

1639
01:17:56,360 --> 01:17:58,360
Speaker 2: But that's not going to work when you're paying rent

1640
01:17:58,400 --> 01:18:01,960
Speaker 2: on skyscrapers in Manhattan, or floating the whims and billionaire

1641
01:18:01,960 --> 01:18:04,400
Speaker 2: fortunes of Rupert Murdoch and whatever house or wife he

1642
01:18:04,439 --> 01:18:08,120
Speaker 2: wants next. The ultimately is why cable news, in my opinion,

1643
01:18:08,200 --> 01:18:10,360
Speaker 2: is doomed. It is why, in my opinion, Tucker and

1644
01:18:10,400 --> 01:18:13,000
Speaker 2: Maddow are probably the last to ever play the game

1645
01:18:13,040 --> 01:18:15,800
Speaker 2: at this level, and even they honestly they were on

1646
01:18:15,840 --> 01:18:19,000
Speaker 2: their way out too. Consider this press release from April

1647
01:18:19,040 --> 01:18:22,000
Speaker 2: two thousand and three. Bill O'Reilly was the king of

1648
01:18:22,040 --> 01:18:25,880
Speaker 2: Fox when he was getting six million viewers on his show.

1649
01:18:26,320 --> 01:18:27,000
Speaker 3: They list his.

1650
01:18:26,960 --> 01:18:31,360
Speaker 2: Competitors at CNN with a record five million average. Think

1651
01:18:31,400 --> 01:18:35,000
Speaker 2: about that, Tucker at his best was half O'Reilly.

1652
01:18:34,560 --> 01:18:35,320
Speaker 3: Twenty years ago.

1653
01:18:35,640 --> 01:18:39,479
Speaker 2: CNN collapsed by five hundred percent in the same time period.

1654
01:18:39,600 --> 01:18:42,080
Speaker 2: At the same time, the trends are only accelerating in

1655
01:18:42,120 --> 01:18:45,120
Speaker 2: the opposite direction. Last month, the latest twenty twenty two

1656
01:18:45,240 --> 01:18:48,559
Speaker 2: numbers came out, six million people cut cable in twenty

1657
01:18:48,560 --> 01:18:51,040
Speaker 2: twenty two, a million more than the year before that,

1658
01:18:51,400 --> 01:18:53,880
Speaker 2: double what it was in June twenty twenty one. Next

1659
01:18:53,920 --> 01:18:56,759
Speaker 2: year it's going to be even higher. Already, only thirty

1660
01:18:56,800 --> 01:18:59,080
Speaker 2: percent of people between the age of eighteen and twenty

1661
01:18:59,080 --> 01:19:02,800
Speaker 2: five pay for cable. Unsurprisingly, households with US adults above

1662
01:19:02,800 --> 01:19:06,200
Speaker 2: the age of sixty five are the overwhelming consumers of

1663
01:19:06,240 --> 01:19:08,640
Speaker 2: the cable news platform. As I laid out in my

1664
01:19:08,720 --> 01:19:12,080
Speaker 2: Actuarial Table monologue, it's not looking good for them. Either

1665
01:19:12,280 --> 01:19:14,560
Speaker 2: on a long term basis, So in the end, I

1666
01:19:14,560 --> 01:19:16,120
Speaker 2: don't think things are looking good for Cable.

1667
01:19:16,320 --> 01:19:17,080
Speaker 3: That's it, Crystal.

1668
01:19:17,120 --> 01:19:18,920
Speaker 2: I mean you can take a look at this, and

1669
01:19:19,240 --> 01:19:21,800
Speaker 2: you know, Brian Stelter and others are trying with the

1670
01:19:21,840 --> 01:19:25,320
Speaker 2: cope of look yeah, but cumulatively they're getting eighteen million

1671
01:19:25,400 --> 01:19:26,200
Speaker 2: views a week.

1672
01:19:26,120 --> 01:19:28,479
Speaker 1: That'd be And if you want to hear my reaction

1673
01:19:28,560 --> 01:19:32,240
Speaker 1: to Sagres's monologue, become a premium subscriber today at Breakingpoints

1674
01:19:32,280 --> 01:19:32,879
Speaker 1: dot com.

1675
01:19:35,720 --> 01:19:36,920
Speaker 3: Crystal, what are you taking a look at?

1676
01:19:37,080 --> 01:19:39,519
Speaker 1: Well, guys, the biggest union in the state is pointedly

1677
01:19:39,760 --> 01:19:43,320
Speaker 1: declining to endorse Joe Biden. The state Democratic Party chair

1678
01:19:43,400 --> 01:19:46,599
Speaker 1: is furious, and Democratic members of Congress are begging Biden

1679
01:19:46,680 --> 01:19:49,600
Speaker 1: to reconsider. The media is finally waking up to the

1680
01:19:49,640 --> 01:19:52,600
Speaker 1: fact that Joe Biden is facing utter disaster in the

1681
01:19:52,640 --> 01:19:56,240
Speaker 1: state of New Hampshire in early primary state mess entirely

1682
01:19:56,520 --> 01:19:59,519
Speaker 1: of his own making, because in attempting to snub and

1683
01:19:59,600 --> 01:20:02,920
Speaker 1: demote the Granite State, he may actually be handing their

1684
01:20:03,000 --> 01:20:04,840
Speaker 1: voters a club to punish him and.

1685
01:20:04,840 --> 01:20:06,439
Speaker 4: To elevate his rivals.

1686
01:20:06,640 --> 01:20:09,640
Speaker 1: He has basically scheduled an early loss for himself in

1687
01:20:09,720 --> 01:20:12,479
Speaker 1: this crucial state. Now, over the past few days, multiple

1688
01:20:12,520 --> 01:20:16,240
Speaker 1: mainstream outlets have published panic reports about how Marian Williamson

1689
01:20:16,360 --> 01:20:19,280
Speaker 1: or Bobby Kennedy Junior could end up with the win

1690
01:20:19,640 --> 01:20:22,080
Speaker 1: in New Hampshire. But of course, in typical fashion, these

1691
01:20:22,120 --> 01:20:24,760
Speaker 1: reports are slathered with layers of cope and spin about

1692
01:20:24,760 --> 01:20:27,240
Speaker 1: how losing an early state, obviously that's not going to matter,

1693
01:20:27,280 --> 01:20:29,599
Speaker 1: pissing off voters in the swing state, that's no big deal,

1694
01:20:29,800 --> 01:20:32,479
Speaker 1: and that Biden is in no way whatsoever vulnerable in

1695
01:20:32,520 --> 01:20:35,280
Speaker 1: this primary. The truth, of course, is a lot more complex.

1696
01:20:35,400 --> 01:20:37,240
Speaker 1: You got the oldest president in history, you got a

1697
01:20:37,240 --> 01:20:40,479
Speaker 1: base dying for alternatives. You're effectively stating in early state

1698
01:20:40,560 --> 01:20:41,000
Speaker 1: to one.

1699
01:20:40,880 --> 01:20:42,679
Speaker 4: Of your rivals. That sounds like trouble.

1700
01:20:42,880 --> 01:20:45,240
Speaker 1: In spite of the media's anxious assurances that this is

1701
01:20:45,240 --> 01:20:48,280
Speaker 1: all no big deal and really means nothing, methinks they

1702
01:20:48,320 --> 01:20:51,680
Speaker 1: doth protest too much. So here is the backstory. New

1703
01:20:51,720 --> 01:20:54,439
Speaker 1: Hampshire voters have never been too keen on this current president.

1704
01:20:54,520 --> 01:20:56,400
Speaker 1: During his two thousand and eight run, he was pulling

1705
01:20:56,400 --> 01:20:58,799
Speaker 1: so miserably in the state that he withdrew before voters

1706
01:20:58,840 --> 01:21:01,400
Speaker 1: could actually render a vert. In twenty twenty, you will

1707
01:21:01,400 --> 01:21:07,120
Speaker 1: recall he finished in a humiliating fifth place behind Bernie Pete,

1708
01:21:07,360 --> 01:21:10,919
Speaker 1: Amy Klobashar, and even Elizabeth Warren So. In an attempt

1709
01:21:10,920 --> 01:21:12,760
Speaker 1: to deny New Hampshire voters a chance to hand the

1710
01:21:12,760 --> 01:21:16,240
Speaker 1: president yet another poor result, he and the DNC collaborated

1711
01:21:16,280 --> 01:21:18,800
Speaker 1: to strip them of their first primary positioning in the

1712
01:21:18,800 --> 01:21:22,639
Speaker 1: Democratic primaries. Instead, they gave South Carolina the top spot,

1713
01:21:22,800 --> 01:21:25,280
Speaker 1: a state where Biden can depend on Jim Clyburn rather

1714
01:21:25,320 --> 01:21:28,760
Speaker 1: than his own appeal, and where Democrats can pretend that

1715
01:21:28,800 --> 01:21:32,120
Speaker 1: their real concern is diverse representation rather than outright rigging

1716
01:21:32,160 --> 01:21:34,720
Speaker 1: of the democratic process. Of course, the truth is so

1717
01:21:34,840 --> 01:21:37,559
Speaker 1: obvious that some top Democrats they don't even deny it.

1718
01:21:38,000 --> 01:21:39,200
Speaker 4: Listen to what Leah.

1719
01:21:39,040 --> 01:21:43,400
Speaker 1: Dowtry, a longtime top DNC official and Rules Committee member,

1720
01:21:43,720 --> 01:21:47,719
Speaker 1: recently admitted to New York Times reporter Astead herndon, how.

1721
01:21:47,600 --> 01:21:50,080
Speaker 8: Do we separate those reasons from the politics of it?

1722
01:21:50,120 --> 01:21:52,200
Speaker 8: Because at the same time I went Hampshire States to

1723
01:21:52,240 --> 01:21:54,120
Speaker 8: Abiden de badan South Carolina as a state he did

1724
01:21:54,240 --> 01:21:56,679
Speaker 8: well in. Couldn't this also be read as a president

1725
01:21:57,320 --> 01:22:00,400
Speaker 8: rewarding the state or prioritizing the state that serves political

1726
01:22:00,560 --> 01:22:02,200
Speaker 8: Joseph And.

1727
01:22:03,920 --> 01:22:05,760
Speaker 10: Okay, I don't have a problem with that. He's a person,

1728
01:22:05,840 --> 01:22:07,519
Speaker 10: he's the head of the party, so he gets to

1729
01:22:07,520 --> 01:22:10,000
Speaker 10: make the decisions that are best for the party, whether

1730
01:22:10,080 --> 01:22:14,000
Speaker 10: his personal interests played a role aligned with our objectives,

1731
01:22:14,000 --> 01:22:16,880
Speaker 10: which is to shake up this system, to ensure that

1732
01:22:17,120 --> 01:22:19,639
Speaker 10: the base of your party, who shows up every single

1733
01:22:19,680 --> 01:22:21,320
Speaker 10: cycle for you, have an early sing.

1734
01:22:21,680 --> 01:22:23,479
Speaker 8: That's interesting because sometimes leve been asking them, folks that

1735
01:22:23,520 --> 01:22:25,479
Speaker 8: question may mean asking like, politics is just not thevolve

1736
01:22:25,560 --> 01:22:28,599
Speaker 8: to this political party, just about this is just about

1737
01:22:28,920 --> 01:22:29,760
Speaker 8: you know, representation.

1738
01:22:29,840 --> 01:22:31,280
Speaker 3: It was just about as I appreciate you.

1739
01:22:31,280 --> 01:22:33,120
Speaker 8: Saying that, because I feel like it has to be political.

1740
01:22:33,439 --> 01:22:35,400
Speaker 10: I mean, for this is the Democratic Party.

1741
01:22:35,400 --> 01:22:36,160
Speaker 6: We are political.

1742
01:22:36,240 --> 01:22:38,960
Speaker 10: Every decision we make is political, So I think, you know,

1743
01:22:39,200 --> 01:22:39,680
Speaker 10: to say that.

1744
01:22:39,680 --> 01:22:41,360
Speaker 6: It's not is kind of disingenuous.

1745
01:22:41,439 --> 01:22:44,320
Speaker 1: Yeah, I mean, I kind of appreciate the honesty here.

1746
01:22:44,560 --> 01:22:46,719
Speaker 1: So they fixed it up perfect for Biden, right, wrapped

1747
01:22:46,720 --> 01:22:49,040
Speaker 1: it in some identity virtue signaling good to go.

1748
01:22:49,400 --> 01:22:50,799
Speaker 4: Right not quite.

1749
01:22:50,960 --> 01:22:53,479
Speaker 1: First of all, South Carolina is not anywhere close to

1750
01:22:53,520 --> 01:22:55,599
Speaker 1: being a competitive state for the general election, while New

1751
01:22:55,600 --> 01:22:58,120
Speaker 1: Hampshire is a perennial swing state that Donald Trump has

1752
01:22:58,120 --> 01:23:00,720
Speaker 1: come very close to winning. So if you're all the

1753
01:23:00,760 --> 01:23:02,920
Speaker 1: fascists are at the door and democracies on the line,

1754
01:23:02,920 --> 01:23:05,880
Speaker 1: and we must do absolutely everything to stop them pissing off.

1755
01:23:05,800 --> 01:23:08,160
Speaker 4: The entirety of a vital battleground state.

1756
01:23:08,320 --> 01:23:11,320
Speaker 1: That seems like a pretty bad idea, but more immediately,

1757
01:23:11,360 --> 01:23:14,240
Speaker 1: for Biden, it has created a political quandary because New

1758
01:23:14,240 --> 01:23:16,320
Speaker 1: Hampshire is not planning to back down from their first

1759
01:23:16,360 --> 01:23:19,479
Speaker 1: in the nation status, and actually they can't back down

1760
01:23:19,600 --> 01:23:22,479
Speaker 1: even if they wanted to. A state law requires New

1761
01:23:22,479 --> 01:23:24,439
Speaker 1: Hampshire to go first, and since the state is right

1762
01:23:24,479 --> 01:23:27,680
Speaker 1: now controlled by Republicans, they have no desire to help

1763
01:23:27,760 --> 01:23:29,960
Speaker 1: Joe Biden out of his little jam here. So he

1764
01:23:30,000 --> 01:23:32,200
Speaker 1: can put his name on the ballot and effectively abandon

1765
01:23:32,240 --> 01:23:34,639
Speaker 1: his plan to have South Carolina go first, not to mention,

1766
01:23:34,720 --> 01:23:36,960
Speaker 1: he'll then be in an actual competition in a state

1767
01:23:37,000 --> 01:23:39,599
Speaker 1: that is furious with him. Or he can not put

1768
01:23:39,600 --> 01:23:41,800
Speaker 1: his name on the ballot and let Bobby Kennedy Junior

1769
01:23:41,920 --> 01:23:45,200
Speaker 1: or Maryanne win and pray that his media allies effectively

1770
01:23:45,200 --> 01:23:48,400
Speaker 1: convince everyone that this is inconsequential and doesn't matter whatsoever.

1771
01:23:49,000 --> 01:23:51,040
Speaker 1: Or he can do a low key riding campaign, which

1772
01:23:51,040 --> 01:23:53,000
Speaker 1: carries a huge amount of risks because then he is

1773
01:23:53,040 --> 01:23:56,760
Speaker 1: competing with all the risk and potential embarrassment, but he's

1774
01:23:56,760 --> 01:23:59,479
Speaker 1: put himself at a major disadvantage by not actually having

1775
01:23:59,479 --> 01:24:01,920
Speaker 1: his name a peer on the ballot. In a sign

1776
01:24:01,920 --> 01:24:04,360
Speaker 1: of the mounting political troubles, the state's largest union, as

1777
01:24:04,360 --> 01:24:07,360
Speaker 1: I alluded to earlier, just issued a statement pointedly declaring

1778
01:24:07,400 --> 01:24:11,200
Speaker 1: they are not endorsing Biden and also demanding an actually

1779
01:24:11,280 --> 01:24:15,160
Speaker 1: democratic process. They say, after careful consideration, we are not

1780
01:24:15,439 --> 01:24:18,240
Speaker 1: endorsing Joe Biden for reelection in the presidential race at

1781
01:24:18,240 --> 01:24:21,559
Speaker 1: this time. Following a robust analysis of the current political landscape,

1782
01:24:21,560 --> 01:24:23,439
Speaker 1: we have come to the conclusion that our members at

1783
01:24:23,520 --> 01:24:29,120
Speaker 1: New Hampshire voters deserve a competitive Democratic primary. Couple this

1784
01:24:29,479 --> 01:24:32,680
Speaker 1: with Democratic members of Congress hitting the panic button, and

1785
01:24:32,760 --> 01:24:35,640
Speaker 1: the media was actually forced to cover it. Politico has

1786
01:24:35,640 --> 01:24:39,040
Speaker 1: gotten article out headlined Biden's New Hampshire mess. NBC News

1787
01:24:39,080 --> 01:24:41,479
Speaker 1: has a similar piece headlined why Biden may have to

1788
01:24:41,560 --> 01:24:44,519
Speaker 1: forfeit the first contest in his reelection bid to Marian

1789
01:24:44,600 --> 01:24:47,960
Speaker 1: Williamson or RFK Junior. But while they admit the issue,

1790
01:24:48,200 --> 01:24:50,519
Speaker 1: both outlets of course go out of their way to

1791
01:24:50,520 --> 01:24:53,320
Speaker 1: insert a million Biden approved caveats about how this is

1792
01:24:53,360 --> 01:24:56,960
Speaker 1: all no big deal. NBC characterizes Bobby Kennedy and mariann

1793
01:24:56,960 --> 01:24:59,400
Speaker 1: as quote fringe rivals, in spite of the fact Bobby

1794
01:24:59,439 --> 01:25:01,880
Speaker 1: Kennedy is his eating twenty percent in polls both have

1795
01:25:01,960 --> 01:25:04,799
Speaker 1: pulled in double digits. The article goes on to describe

1796
01:25:04,800 --> 01:25:08,679
Speaker 1: a potential Biden loss there as inconsequential quotes Democrats handwringing,

1797
01:25:09,000 --> 01:25:11,519
Speaker 1: not about the two candidates in double digits already in

1798
01:25:11,560 --> 01:25:14,640
Speaker 1: the race, but about potential quote big name Democrats who

1799
01:25:14,720 --> 01:25:17,320
Speaker 1: might decide to jump in. Well, guys, you can relax.

1800
01:25:17,479 --> 01:25:20,880
Speaker 1: No elite approved candidate is going to primary Biden. Politico's

1801
01:25:20,920 --> 01:25:23,800
Speaker 1: coverage is, if anything, even worse. They compare Kennedy and

1802
01:25:23,800 --> 01:25:26,679
Speaker 1: Williamson to the convicted felon who won forty one percent

1803
01:25:26,680 --> 01:25:29,640
Speaker 1: against Obama in West Virginia in twenty twelve, as if

1804
01:25:29,680 --> 01:25:33,439
Speaker 1: an obscure federal inmate is remotely similar to two nationally

1805
01:25:33,479 --> 01:25:35,799
Speaker 1: known figures, one of whom hails for the most famous

1806
01:25:35,840 --> 01:25:38,400
Speaker 1: political family in the entire country, and as if the

1807
01:25:38,400 --> 01:25:41,280
Speaker 1: West Virginia primary holds nearly the significance as the New

1808
01:25:41,320 --> 01:25:45,600
Speaker 1: Hampshire primary does. As if that's not enough, They explicitly

1809
01:25:45,840 --> 01:25:49,519
Speaker 1: in this article assert that Biden's nomination is in no

1810
01:25:49,680 --> 01:25:53,200
Speaker 1: danger and that losing this primary is totally fine and cool.

1811
01:25:53,240 --> 01:25:55,400
Speaker 4: They write, quote, either way.

1812
01:25:55,479 --> 01:25:58,120
Speaker 1: Losing a primary that doesn't actually count for anything isn't

1813
01:25:58,120 --> 01:26:01,160
Speaker 1: a problem. Nor are Kennedy and Williamson a threat to

1814
01:26:01,200 --> 01:26:05,320
Speaker 1: the President's renomination, not by any stretch. This isn't an

1815
01:26:05,320 --> 01:26:09,240
Speaker 1: opinion piece. Remember, it is a supposed journalist offering ironclad

1816
01:26:09,280 --> 01:26:12,320
Speaker 1: assurances that Biden faces no threat at all. Look, maybe,

1817
01:26:12,479 --> 01:26:15,160
Speaker 1: but guess what y' all been wrong about a whole lot.

1818
01:26:15,200 --> 01:26:17,120
Speaker 1: And by the way, it's not up to you to

1819
01:26:17,160 --> 01:26:19,400
Speaker 1: decide who is a threat and who is not, what's

1820
01:26:19,400 --> 01:26:20,559
Speaker 1: a big deal and what is not.

1821
01:26:20,960 --> 01:26:21,960
Speaker 4: That's up to the voters.

1822
01:26:22,320 --> 01:26:24,400
Speaker 1: Take a look at these latest primary polls from Emerson

1823
01:26:24,439 --> 01:26:27,320
Speaker 1: courtesy of our friend Zagger. Here Kennedy is actually outperforming

1824
01:26:27,360 --> 01:26:31,040
Speaker 1: DeSantis in these bols. Does the media say, oh, DeSantis

1825
01:26:31,080 --> 01:26:35,040
Speaker 1: isn't its threat, He's not serious. Marianne is outpolling every

1826
01:26:35,120 --> 01:26:37,720
Speaker 1: other Republican on the list. Do so called journalists go

1827
01:26:37,760 --> 01:26:40,719
Speaker 1: out of their way to label Nikky Haley, Mike pensonco fringe.

1828
01:26:41,120 --> 01:26:44,479
Speaker 1: Tim Scott is literally at zero percent. Does the media

1829
01:26:44,520 --> 01:26:46,880
Speaker 1: feel the need to nervously guarantee its readers he isn't

1830
01:26:46,880 --> 01:26:50,160
Speaker 1: by any stretch a threat to Trump's nomination. Look, Biden

1831
01:26:50,280 --> 01:26:52,439
Speaker 1: is the favorite, there's no doubt about it. But when

1832
01:26:52,479 --> 01:26:54,639
Speaker 1: seventy percent of the country says they don't want him,

1833
01:26:54,920 --> 01:26:57,559
Speaker 1: no amount of media cope and propaganda should persuade you

1834
01:26:57,640 --> 01:27:01,080
Speaker 1: that he is not vulnerable, especially when he's not even

1835
01:27:01,160 --> 01:27:05,040
Speaker 1: capable apparently of campaigning. The media is doing all they

1836
01:27:05,080 --> 01:27:08,080
Speaker 1: can to cover for this man to persuade everyone. They

1837
01:27:08,080 --> 01:27:10,960
Speaker 1: have no other choice in the matter. If Biden's opponents

1838
01:27:11,000 --> 01:27:13,559
Speaker 1: are really so fringe, not a threat by any stretch

1839
01:27:13,600 --> 01:27:16,200
Speaker 1: in their language, then they should have no problem calling

1840
01:27:16,200 --> 01:27:18,679
Speaker 1: for debates so our president can show the nation.

1841
01:27:18,720 --> 01:27:20,759
Speaker 4: Why he deserves to be re elected.

1842
01:27:21,040 --> 01:27:23,640
Speaker 1: And this new Hampshire thing is a real problem, and

1843
01:27:23,680 --> 01:27:25,960
Speaker 1: I see this as an attempt by the media to

1844
01:27:26,000 --> 01:27:27,920
Speaker 1: get ahead of it and pre spin.

1845
01:27:28,880 --> 01:27:31,719
Speaker 2: And if you want to hear my reaction to Crystal's monologue,

1846
01:27:31,720 --> 01:27:34,919
Speaker 2: become a premium subscriber today at Breakingpoints dot com.

1847
01:27:38,240 --> 01:27:40,280
Speaker 1: Joining us now we have seth Hattannah. He is a

1848
01:27:40,280 --> 01:27:43,240
Speaker 1: contributing editor at Rolling Stone, and also he is the

1849
01:27:43,320 --> 01:27:46,719
Speaker 1: journalist behind the spy Talk substack, which I highly recommend

1850
01:27:46,720 --> 01:27:48,000
Speaker 1: to all of you to subscribe to.

1851
01:27:48,120 --> 01:27:48,680
Speaker 4: Great to have you.

1852
01:27:48,640 --> 01:27:52,080
Speaker 6: Seth Thanks for having me, Yeah.

1853
01:27:51,720 --> 01:27:52,360
Speaker 4: It's our pleasure.

1854
01:27:52,439 --> 01:27:54,240
Speaker 1: Let's go and put this tear sheet up on the

1855
01:27:54,560 --> 01:27:56,600
Speaker 1: screen that was flagged for me. So you got a

1856
01:27:56,600 --> 01:27:59,640
Speaker 1: hold of some court filings that shed some light on

1857
01:27:59,720 --> 01:28:02,679
Speaker 1: a key meeting in the run up to nine to eleven.

1858
01:28:02,720 --> 01:28:04,840
Speaker 1: Go ahead and put the element up on the screen there, guys,

1859
01:28:05,400 --> 01:28:08,200
Speaker 1: this is something that this is something that a lot

1860
01:28:08,240 --> 01:28:10,679
Speaker 1: of folks have focused on, which is you had two

1861
01:28:10,720 --> 01:28:15,960
Speaker 1: of the eventual hijackers in this supposedly theoretically chance encounter

1862
01:28:16,160 --> 01:28:18,639
Speaker 1: with a man named Omar al Bayoumi who was a

1863
01:28:18,680 --> 01:28:20,599
Speaker 1: Saudi intelligence asset.

1864
01:28:21,120 --> 01:28:22,479
Speaker 4: Take us back to that meeting.

1865
01:28:22,800 --> 01:28:25,240
Speaker 1: Why that meeting ends up being so significant in what

1866
01:28:25,280 --> 01:28:27,120
Speaker 1: you were able to uncover through your reporting.

1867
01:28:28,520 --> 01:28:31,920
Speaker 11: Well, it's one of those extraordinary meetings you read about

1868
01:28:32,000 --> 01:28:37,759
Speaker 11: in spy stories, something that seems like an innocuous, everyday

1869
01:28:37,800 --> 01:28:41,320
Speaker 11: event that turns out to be a huge, huge, momentous

1870
01:28:41,320 --> 01:28:45,000
Speaker 11: event in the nine to eleven attacks. So this happened

1871
01:28:45,040 --> 01:28:48,920
Speaker 11: at a restaurant in Los Angeles, Middle Eastern restaurant over

1872
01:28:49,000 --> 01:28:53,120
Speaker 11: all by Umi was there, supposedly by chance, he says,

1873
01:28:53,560 --> 01:28:55,679
Speaker 11: drops a piece of paper and strikes up a conversation

1874
01:28:55,760 --> 01:28:57,880
Speaker 11: with these two men who also just happen to be there.

1875
01:29:00,080 --> 01:29:02,960
Speaker 6: Now we know a lot more. You know, it's taken

1876
01:29:03,080 --> 01:29:07,360
Speaker 6: twenty years to learn that Obar Bayomi was a.

1877
01:29:06,680 --> 01:29:09,479
Speaker 11: Saudi intelligence asset and that he was directed to go

1878
01:29:09,600 --> 01:29:14,479
Speaker 11: there by a network, an intelligence network that was Saudi

1879
01:29:14,479 --> 01:29:19,519
Speaker 11: intelligence networks operating inside the United States. And the more

1880
01:29:19,560 --> 01:29:22,840
Speaker 11: astonishing fact is, uh, there are onions. This is like

1881
01:29:22,840 --> 01:29:26,160
Speaker 11: an onion that you have to feel, is that many

1882
01:29:26,240 --> 01:29:29,600
Speaker 11: at THEI agents believe that not only was this not

1883
01:29:29,680 --> 01:29:33,720
Speaker 11: a chance encounter, but it was being directed by the CIA,

1884
01:29:33,920 --> 01:29:37,920
Speaker 11: who was using the Saudis to try to recruit a

1885
01:29:37,960 --> 01:29:38,840
Speaker 11: member of al Qaida.

1886
01:29:39,080 --> 01:29:40,840
Speaker 6: The two guys who had just arrived in the United

1887
01:29:40,880 --> 01:29:42,320
Speaker 6: States and were at that at least.

1888
01:29:42,200 --> 01:29:44,879
Speaker 2: Uring the restaurant, right, Yeah, this has been a focus

1889
01:29:44,960 --> 01:29:47,120
Speaker 2: of the you know, with your what was it the

1890
01:29:47,120 --> 01:29:51,080
Speaker 2: thirty eighteen pages or whatever, the hidden pages. We've known

1891
01:29:51,080 --> 01:29:54,400
Speaker 2: about the al Biomi meeting for a very long time.

1892
01:29:54,479 --> 01:29:56,880
Speaker 2: But can you go into a little bit about why

1893
01:29:56,960 --> 01:29:59,800
Speaker 2: the CIA would be pursuing this. I'm not sure, you know,

1894
01:29:59,800 --> 01:30:01,800
Speaker 2: many of our viewers probably weren't even born on nine

1895
01:30:01,840 --> 01:30:04,760
Speaker 2: to eleven, so one of the important things for people

1896
01:30:04,800 --> 01:30:08,200
Speaker 2: to step back is there was a big rivalry between

1897
01:30:08,360 --> 01:30:11,559
Speaker 2: the CIA Al Qaeda unit and the FBI Al Qaida

1898
01:30:11,680 --> 01:30:14,240
Speaker 2: unit with no intelligence sharing, which resulted in the fact

1899
01:30:14,240 --> 01:30:16,680
Speaker 2: that these two gents were even allowed to come to

1900
01:30:16,720 --> 01:30:18,599
Speaker 2: the United States along with the rest of the nine

1901
01:30:18,640 --> 01:30:22,200
Speaker 2: to eleven hijackers, despite being known to intelligence authorities, without

1902
01:30:22,200 --> 01:30:23,839
Speaker 2: ever flagging it to the FBI.

1903
01:30:23,960 --> 01:30:26,559
Speaker 3: This looks like it might have been an intentional cover up.

1904
01:30:26,600 --> 01:30:28,240
Speaker 2: Am I right in that set and just lay out

1905
01:30:28,240 --> 01:30:29,799
Speaker 2: some of what I'm talking about for the audience.

1906
01:30:30,400 --> 01:30:34,160
Speaker 6: Yeah, So that's what the FBI agents believe. They believe that.

1907
01:30:35,840 --> 01:30:39,040
Speaker 11: The CIA knew Littee I did know that these two

1908
01:30:39,080 --> 01:30:40,639
Speaker 11: guys had arrived in the United States.

1909
01:30:40,720 --> 01:30:43,040
Speaker 6: We know that for a fact.

1910
01:30:43,360 --> 01:30:47,000
Speaker 11: What happened was there were FBI agents who were co

1911
01:30:47,080 --> 01:30:50,400
Speaker 11: located inside the CIA, which means that they were there

1912
01:30:50,840 --> 01:30:53,800
Speaker 11: to report on something that might be of interest to

1913
01:30:53,840 --> 01:30:57,639
Speaker 11: the FBI. If there's a the CIA cannot operate, cannot

1914
01:30:57,760 --> 01:31:02,000
Speaker 11: really conduct spy operations against United States citizens, but the

1915
01:31:02,040 --> 01:31:06,000
Speaker 11: FBI can. So the CI will tip tip the FBI,

1916
01:31:06,960 --> 01:31:08,200
Speaker 11: Hey there's a guy of interest.

1917
01:31:09,000 --> 01:31:09,880
Speaker 6: And so they had this.

1918
01:31:10,040 --> 01:31:12,400
Speaker 11: They had two guys of interest, two guys from al Qaeda.

1919
01:31:12,960 --> 01:31:13,120
Speaker 9: Uh.

1920
01:31:13,400 --> 01:31:15,920
Speaker 11: The reason why this was of interest to the CIA

1921
01:31:16,000 --> 01:31:18,400
Speaker 11: is they were desperate to get a source inside al Qaeda,

1922
01:31:18,840 --> 01:31:21,759
Speaker 11: al Qaeda the terrorist network, and like all terrorist networks

1923
01:31:21,800 --> 01:31:27,120
Speaker 11: are very closed circuit. They rely on very personal communications,

1924
01:31:27,200 --> 01:31:29,960
Speaker 11: bonds of trust, very hard to get a source in there.

1925
01:31:30,280 --> 01:31:32,960
Speaker 11: So these two guys arrived at this restaurant and here's

1926
01:31:33,000 --> 01:31:35,200
Speaker 11: a golden opportunity for the CIA.

1927
01:31:34,920 --> 01:31:39,160
Speaker 6: To land a source. The FBI also learns that these two.

1928
01:31:38,920 --> 01:31:42,120
Speaker 11: Guys through the CIA, they learned these two guys are

1929
01:31:42,120 --> 01:31:44,439
Speaker 11: in the United States, and they type up a memo

1930
01:31:44,520 --> 01:31:48,800
Speaker 11: to say, hey, FBI headquarters, these guys are here, and

1931
01:31:50,400 --> 01:31:52,800
Speaker 11: they are not allowed to send that memo. They are

1932
01:31:53,080 --> 01:31:55,960
Speaker 11: told to stand down that this is not of interest

1933
01:31:56,000 --> 01:32:00,800
Speaker 11: to the FBI, and that has really left the FBI

1934
01:32:00,840 --> 01:32:03,360
Speaker 11: agents who are there and it's something they can't let

1935
01:32:03,439 --> 01:32:06,200
Speaker 11: go of and led it's one of the pieces that

1936
01:32:06,280 --> 01:32:09,680
Speaker 11: led them to believe that this was, you know, an

1937
01:32:09,680 --> 01:32:12,479
Speaker 11: intentional cover up, that they were keeping the FAI out

1938
01:32:12,520 --> 01:32:15,519
Speaker 11: of the loop so that they could recruit these two

1939
01:32:15,840 --> 01:32:17,240
Speaker 11: Al Qaida hijackers.

1940
01:32:17,560 --> 01:32:17,760
Speaker 3: Right.

1941
01:32:18,240 --> 01:32:21,760
Speaker 1: You write in your article the theory that the CIA

1942
01:32:21,840 --> 01:32:24,240
Speaker 1: had launched a failed effort to recruit the hijackers through

1943
01:32:24,240 --> 01:32:26,400
Speaker 1: the Saudis has been around for years and was always

1944
01:32:26,439 --> 01:32:30,200
Speaker 1: circumstantial at best, but the document obtained by Spytalk reveals

1945
01:32:30,240 --> 01:32:33,400
Speaker 1: there is more evidence to support it. When former FBI

1946
01:32:33,479 --> 01:32:36,240
Speaker 1: agent claimed to the investigator that the CIA possesses top

1947
01:32:36,280 --> 01:32:40,800
Speaker 1: secret operational files in a quote paper trail about that

1948
01:32:41,000 --> 01:32:43,840
Speaker 1: Saudi spy that's al Bayoumi who met the hijackers that

1949
01:32:43,920 --> 01:32:47,360
Speaker 1: are still being suppressed, a CIA spokesperson denied the agency

1950
01:32:47,360 --> 01:32:50,240
Speaker 1: was hiding information. The FBI declined to comment. Can you

1951
01:32:50,280 --> 01:32:52,280
Speaker 1: talk to us about the significance of that and also

1952
01:32:52,479 --> 01:32:54,360
Speaker 1: what's the context within which you were able to obtain

1953
01:32:54,400 --> 01:32:55,080
Speaker 1: these documents?

1954
01:32:56,040 --> 01:33:00,800
Speaker 11: Okay, So these documents were filed in Guantanamo where the

1955
01:33:00,920 --> 01:33:03,519
Speaker 11: nine to eleven defense are on trial. They've been held

1956
01:33:03,520 --> 01:33:08,800
Speaker 11: there for twenty years and they've been interminable core proceedings

1957
01:33:08,840 --> 01:33:12,160
Speaker 11: going on. This was on the docket. It was posted,

1958
01:33:12,200 --> 01:33:15,000
Speaker 11: but it was posted almost It was posted completely redacted.

1959
01:33:15,040 --> 01:33:17,320
Speaker 6: It was twenty one pages of basically black sheets.

1960
01:33:18,680 --> 01:33:21,479
Speaker 11: But I heard, I read some discussions about this cable

1961
01:33:21,760 --> 01:33:25,599
Speaker 11: about this document staring, and I was able to obtain

1962
01:33:25,640 --> 01:33:28,240
Speaker 11: a copy. Yeah, the thing that really jumped out of

1963
01:33:28,280 --> 01:33:31,760
Speaker 11: me was the thing you just mentioned one agent who

1964
01:33:31,920 --> 01:33:35,000
Speaker 11: says that the CIA has paper, there's a paper trail,

1965
01:33:36,560 --> 01:33:40,000
Speaker 11: And you know, for years the FBI and others had

1966
01:33:40,080 --> 01:33:43,000
Speaker 11: had had believed this theory that there was a CIA

1967
01:33:43,240 --> 01:33:46,800
Speaker 11: operation that failed to try to recruit these hijackers. But

1968
01:33:46,960 --> 01:33:49,679
Speaker 11: now it seems there's a paper trail that's just gotten

1969
01:33:50,160 --> 01:33:54,719
Speaker 11: lost or hidden or whatever, and that would show that

1970
01:33:54,960 --> 01:33:57,960
Speaker 11: the CI had contact at some time without Bayoumi.

1971
01:33:58,040 --> 01:33:59,480
Speaker 6: We don't know what those papers.

1972
01:33:59,120 --> 01:34:03,519
Speaker 11: Say, but operational cables means that, you know that there

1973
01:34:03,600 --> 01:34:06,800
Speaker 11: was some kind of cr operation that ran across all

1974
01:34:06,800 --> 01:34:11,160
Speaker 11: Bayoumi somewhere we don't know where. But it's it's evidence,

1975
01:34:11,320 --> 01:34:15,920
Speaker 11: it's hard evidence that Congress or someone can obtain that

1976
01:34:15,960 --> 01:34:20,200
Speaker 11: would shed light on what really happened on the events running.

1977
01:34:19,960 --> 01:34:20,759
Speaker 6: Up to nine to eleven.

1978
01:34:21,240 --> 01:34:23,000
Speaker 2: Yeah, I mean set this is where I just come in,

1979
01:34:23,040 --> 01:34:25,840
Speaker 2: and you know, I'm just like, are we sure it

1980
01:34:25,880 --> 01:34:27,800
Speaker 2: hasn't just been destroyed at this point? I mean, so

1981
01:34:27,920 --> 01:34:30,280
Speaker 2: much was hidden from the nine to eleven Commission. We

1982
01:34:30,360 --> 01:34:33,360
Speaker 2: have basically known the contours of all of this since

1983
01:34:33,400 --> 01:34:36,960
Speaker 2: two thousand and two. It's been absolutely not only covered up,

1984
01:34:36,960 --> 01:34:40,280
Speaker 2: but many of the initial investigations by Congress, they frankly

1985
01:34:40,320 --> 01:34:40,799
Speaker 2: just failed.

1986
01:34:40,840 --> 01:34:42,560
Speaker 3: I mean many of them had the broad.

1987
01:34:42,280 --> 01:34:44,320
Speaker 2: Contours of what was going on, and you know, in

1988
01:34:44,360 --> 01:34:46,719
Speaker 2: the midst of Iraq and sanity and all that, basically

1989
01:34:46,760 --> 01:34:48,600
Speaker 2: just let it go. And now finally, you know, in

1990
01:34:48,640 --> 01:34:50,640
Speaker 2: journalists like you is just picking it up. Do you

1991
01:34:50,680 --> 01:34:52,439
Speaker 2: think we can ever get to the bottom of this

1992
01:34:52,560 --> 01:34:55,200
Speaker 2: even now years later? Will it make it easier or harder?

1993
01:34:55,240 --> 01:34:57,439
Speaker 2: Just because so much of the information is probably gone?

1994
01:34:58,400 --> 01:35:00,559
Speaker 6: Yeah, the information has gone, but the men or not.

1995
01:35:00,800 --> 01:35:04,160
Speaker 11: And I don't think something like this will will stay

1996
01:35:04,200 --> 01:35:07,760
Speaker 11: secret forever. It's too big, there's too much blood on

1997
01:35:07,800 --> 01:35:09,599
Speaker 11: people's hands or guilt or.

1998
01:35:11,120 --> 01:35:13,320
Speaker 6: I don't think it'll stay secret to it forever.

1999
01:35:13,680 --> 01:35:15,800
Speaker 11: I think it may be a deathbed confessor who knows

2000
01:35:16,120 --> 01:35:20,559
Speaker 11: if this did happen. But you know, I believe that

2001
01:35:20,600 --> 01:35:21,920
Speaker 11: information eventually comes out.

2002
01:35:21,960 --> 01:35:23,000
Speaker 6: It just takes time.

2003
01:35:23,200 --> 01:35:27,479
Speaker 1: Yeah, well, Seth, great job reporting on this. I really

2004
01:35:27,840 --> 01:35:30,679
Speaker 1: recommend people go and read through the entire piece, which

2005
01:35:30,680 --> 01:35:33,320
Speaker 1: I think lays out the evidence and very compelling detail. Again,

2006
01:35:33,360 --> 01:35:36,280
Speaker 1: it's over at the Substack Spy Talk, which I also

2007
01:35:36,280 --> 01:35:38,800
Speaker 1: would recommend to folks. And we're really grateful for your

2008
01:35:38,840 --> 01:35:40,799
Speaker 1: time for laying this out for our audience to understand.

2009
01:35:40,840 --> 01:35:42,800
Speaker 3: That's right. Thank you so much, We really appreciate it.

2010
01:35:43,200 --> 01:35:45,000
Speaker 6: Thanks for having me. I really enjoyed it.

2011
01:35:45,080 --> 01:35:45,679
Speaker 3: That's a pleasure.

2012
01:35:45,760 --> 01:35:47,960
Speaker 2: Linked to spy talk down in the description. Thank you

2013
01:35:47,960 --> 01:35:50,320
Speaker 2: guys so much for watching. We really appreciate it. Thanks

2014
01:35:50,400 --> 01:35:52,080
Speaker 2: for all the yearly and the lifetime members have been

2015
01:35:52,080 --> 01:35:54,200
Speaker 2: helping us out with the lights of the set and

2016
01:35:54,240 --> 01:35:57,599
Speaker 2: the fabrication and all the contracting thoughts, all the.

2017
01:35:57,720 --> 01:35:59,960
Speaker 3: Stuff that comes with being in the business.

2018
01:36:00,000 --> 01:36:02,639
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2019
01:36:02,680 --> 01:36:05,400
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2020
01:36:05,400 --> 01:36:08,320
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2021
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2022
01:36:10,160 --> 01:36:12,240
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2023
01:36:12,280 --> 01:36:14,920
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2024
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2025
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2026
01:36:19,000 --> 01:36:20,720
Speaker 2: all of your support. So thank you all very much

2027
01:36:20,760 --> 01:36:24,040
Speaker 2: for the new ones Breakingpoints dot com if you're able otherwise,

2028
01:36:24,120 --> 01:36:24,960
Speaker 2: we'll see you all tomorrow.

2029
01:36:25,080 --> 01:36:35,879
Speaker 4: See all tomorrow.