1 00:00:00,240 --> 00:00:02,360 Speaker 1: Hey, guys, thanks for listening to Breaking Points with Crystal 2 00:00:02,360 --> 00:00:04,280 Speaker 1: and Sager. We're going to be totally upfront with you. 3 00:00:04,400 --> 00:00:07,240 Speaker 1: We took a big risk going independent to make this work. 4 00:00:07,320 --> 00:00:11,920 Speaker 1: We need your support to beat the corporate media CNN, Fox, MSNBC. 5 00:00:12,240 --> 00:00:15,800 Speaker 1: They are ripping this country apart. They are making millions 6 00:00:15,800 --> 00:00:18,400 Speaker 1: of dollars doing it to help support our mission of 7 00:00:18,440 --> 00:00:20,720 Speaker 1: making all of us hate each other, less hate the 8 00:00:20,760 --> 00:00:24,000 Speaker 1: corrupt ruling class more support the show. 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We're always looking 18 00:00:50,280 --> 00:00:52,720 Speaker 1: to see how young people are feeling about the state 19 00:00:52,720 --> 00:00:54,840 Speaker 1: of politics. A lot of the attention that we pay 20 00:00:55,000 --> 00:00:56,880 Speaker 1: is to the people who are actually going to vote. 21 00:00:56,960 --> 00:00:58,680 Speaker 1: A lot of the people who you know turn out 22 00:00:58,680 --> 00:01:00,960 Speaker 1: in the primaries who are more politically engaged. Those are 23 00:01:01,040 --> 00:01:04,680 Speaker 1: disproportionately going to be boomers, gen X and just older, 24 00:01:04,840 --> 00:01:08,279 Speaker 1: more engaged people. In general, young people largely don't vote. 25 00:01:08,319 --> 00:01:10,720 Speaker 1: A lot of them have very dystopian views of politics, 26 00:01:10,800 --> 00:01:13,160 Speaker 1: but their citizens and their views are not reflected in 27 00:01:13,200 --> 00:01:15,760 Speaker 1: our government whatsoever. So there's a new poll from the 28 00:01:15,760 --> 00:01:18,319 Speaker 1: Harvard Kennedy School. Let's put it up there on the screen. 29 00:01:18,880 --> 00:01:22,040 Speaker 1: Fifty two percent of eighteen to twenty nine year olds 30 00:01:22,240 --> 00:01:26,399 Speaker 1: believe American democracy is either quote in trouble or failing. 31 00:01:26,840 --> 00:01:30,600 Speaker 1: Nearly half of young Republicans placed the chances of a 32 00:01:30,680 --> 00:01:34,679 Speaker 1: second civil war at fifty percent or higher, compared to 33 00:01:34,760 --> 00:01:38,000 Speaker 1: thirty two percent of Democrats. Either one is the number, 34 00:01:38,000 --> 00:01:40,520 Speaker 1: by the way, Yeah, let's I would generally say I 35 00:01:40,520 --> 00:01:42,880 Speaker 1: want that number to be as low as possible, And 36 00:01:43,600 --> 00:01:47,200 Speaker 1: fifty two percent is a real problem and is especially 37 00:01:47,240 --> 00:01:50,560 Speaker 1: a disaster. And I really think what you can see 38 00:01:50,640 --> 00:01:53,280 Speaker 1: within the poll and in terms of how people feel 39 00:01:53,600 --> 00:01:57,320 Speaker 1: is just a complete hopelessness that anything is going to 40 00:01:57,320 --> 00:01:59,200 Speaker 1: get better. I think that's what always is the civil 41 00:01:59,240 --> 00:02:02,160 Speaker 1: war thing generally LARPing to me, really what it is. 42 00:02:02,200 --> 00:02:04,000 Speaker 1: It's like, it's not going to get better. I don't 43 00:02:04,080 --> 00:02:07,160 Speaker 1: see how things can get better. And I think one 44 00:02:07,200 --> 00:02:10,560 Speaker 1: of the reasons why you see that is the intractable 45 00:02:10,639 --> 00:02:13,840 Speaker 1: problems of your lifetime. If you're below thirty five or 46 00:02:13,880 --> 00:02:17,560 Speaker 1: forty years old, what has been solved. We've seen a 47 00:02:17,800 --> 00:02:21,400 Speaker 1: record booming economy of the nineties turned into whatever the 48 00:02:21,400 --> 00:02:23,800 Speaker 1: hell we're living in right now. The war in Iraq 49 00:02:23,919 --> 00:02:26,919 Speaker 1: was a total disaster. The government and the president lied 50 00:02:26,960 --> 00:02:29,519 Speaker 1: to our face while our friends and people that we 51 00:02:29,600 --> 00:02:32,880 Speaker 1: knew went abroad and died in a war, which, look, 52 00:02:32,919 --> 00:02:36,200 Speaker 1: I hate saying it, I respect their service, but ultimately 53 00:02:36,240 --> 00:02:40,200 Speaker 1: what was achieved financial crisis Twice you know in the 54 00:02:40,200 --> 00:02:43,840 Speaker 1: lifetime that you see people just get wiped out. A 55 00:02:43,880 --> 00:02:46,640 Speaker 1: lot of these Republicans disproportioned that are very likely to 56 00:02:46,680 --> 00:02:49,400 Speaker 1: be people who didn't go to college. Their wages have 57 00:02:49,480 --> 00:02:52,560 Speaker 1: stagnated for forty years, have only recently gone up because 58 00:02:52,600 --> 00:02:55,200 Speaker 1: of the Great resignation. How long is that going to last? 59 00:02:55,360 --> 00:02:58,280 Speaker 1: I mean, Hollywood and all of that obviously totally taken 60 00:02:58,320 --> 00:03:02,040 Speaker 1: over by a various civic ideology. I think that's where 61 00:03:02,080 --> 00:03:04,040 Speaker 1: a lot of it comes from. Crystal. It's just, you know, 62 00:03:04,080 --> 00:03:05,519 Speaker 1: the other thing that really came out to me was 63 00:03:05,560 --> 00:03:08,520 Speaker 1: this half of young Americans in the poll say they 64 00:03:08,520 --> 00:03:11,040 Speaker 1: are a different person because of COVID nine. Yeah, COVID 65 00:03:11,360 --> 00:03:14,920 Speaker 1: changed everything for people who were our age and younger 66 00:03:15,200 --> 00:03:17,400 Speaker 1: and the people who were older. It just kind of, 67 00:03:17,480 --> 00:03:19,840 Speaker 1: you know, it was something, it was, you know, but 68 00:03:19,919 --> 00:03:22,600 Speaker 1: it wasn't It wasn't the transformative event that it was. 69 00:03:22,639 --> 00:03:24,560 Speaker 1: I think for a lot of us, I think there's 70 00:03:24,639 --> 00:03:28,639 Speaker 1: just a sense that the priorities of the younger generation 71 00:03:28,880 --> 00:03:33,840 Speaker 1: are not remotely reflected, yeah, in our current political system 72 00:03:34,160 --> 00:03:37,000 Speaker 1: or nation real large. And so yeah, they feel like, 73 00:03:37,520 --> 00:03:40,360 Speaker 1: of course, you would feel like democracy is failing when 74 00:03:40,400 --> 00:03:44,320 Speaker 1: you feel like your preferences and your votes don't matter, 75 00:03:44,840 --> 00:03:48,480 Speaker 1: you know, when what you've experienced in your lifetime is 76 00:03:48,600 --> 00:03:53,720 Speaker 1: one setback after another after another, one crisis after another 77 00:03:53,760 --> 00:03:56,840 Speaker 1: after another. As a nation, of course, you look at 78 00:03:56,840 --> 00:03:59,680 Speaker 1: that and go, no, this is not going well whatsoever. 79 00:04:00,240 --> 00:04:02,320 Speaker 1: As just one indicator of that, you know, they ask 80 00:04:02,360 --> 00:04:04,600 Speaker 1: the approval rating of various politicians. We can throw this 81 00:04:04,720 --> 00:04:08,800 Speaker 1: up on the screen. Bernie still the most popular plus 82 00:04:08,840 --> 00:04:13,320 Speaker 1: twelve percent. Biden fairly egan out a plus question, Harris 83 00:04:13,440 --> 00:04:17,839 Speaker 1: minus three, Pelosi minus twenty two and Trump minus thirty three. Now, listen, 84 00:04:17,880 --> 00:04:20,320 Speaker 1: who is likely to be the matchup next time around, 85 00:04:20,360 --> 00:04:24,120 Speaker 1: either Trump or Harris or Biden, none of whom have 86 00:04:24,279 --> 00:04:27,800 Speaker 1: like very favorable ratings among this group. So you're looking 87 00:04:27,880 --> 00:04:31,360 Speaker 1: at the even the choices quote unquote choices that are 88 00:04:31,360 --> 00:04:33,720 Speaker 1: being offered, and you're going, I don't like any of 89 00:04:33,800 --> 00:04:38,279 Speaker 1: these people, Like, where is one politician, Where is one 90 00:04:38,400 --> 00:04:40,880 Speaker 1: leader that I might be able to believe in and 91 00:04:40,920 --> 00:04:44,320 Speaker 1: get behind and who reflects the values that I have 92 00:04:44,480 --> 00:04:46,359 Speaker 1: in my sense that we're in free fall and that 93 00:04:46,400 --> 00:04:49,200 Speaker 1: we need, you know, some relatively dramatic change to get 94 00:04:49,240 --> 00:04:52,719 Speaker 1: things back on track. And that's just not even on 95 00:04:52,839 --> 00:04:57,000 Speaker 1: the menu in the political system. Another thing they point 96 00:04:57,000 --> 00:05:00,159 Speaker 1: to is, you know, not only do half feel like 97 00:05:00,400 --> 00:05:03,480 Speaker 1: they are a different person because of the pandemic, there's 98 00:05:03,520 --> 00:05:06,960 Speaker 1: also some very troubling numbers here about the number of 99 00:05:07,000 --> 00:05:10,960 Speaker 1: young Americans who report being down, depressed, and hopeless. A 100 00:05:11,000 --> 00:05:15,320 Speaker 1: majority half fifty one percent say they're either down, depressed 101 00:05:15,400 --> 00:05:18,760 Speaker 1: or hopeless, twenty five percent a quarter of our young 102 00:05:19,000 --> 00:05:22,240 Speaker 1: adults saying they have thoughts of self harm at least 103 00:05:22,279 --> 00:05:24,880 Speaker 1: several times in the last two weeks. I mean, you 104 00:05:24,920 --> 00:05:28,919 Speaker 1: think about a failing society like these are the individuals 105 00:05:29,080 --> 00:05:31,520 Speaker 1: who are the future. They should be the bright shining stars. 106 00:05:31,520 --> 00:05:33,480 Speaker 1: They should have the whole you know, the world is 107 00:05:33,480 --> 00:05:35,520 Speaker 1: their oyster and their whole lives ahead of them and 108 00:05:35,560 --> 00:05:38,680 Speaker 1: feeling excited and engaged and optimistic about the future if 109 00:05:38,720 --> 00:05:43,480 Speaker 1: we were a healthy society. Instead, they're anxious and depressed 110 00:05:43,680 --> 00:05:47,640 Speaker 1: and worried and a quarter one out of four having 111 00:05:48,720 --> 00:05:54,320 Speaker 1: repeated thoughts of self harm. That's a national catastrophe. And again, 112 00:05:54,760 --> 00:05:56,799 Speaker 1: when you have a generation, I mean, these are again 113 00:05:57,000 --> 00:05:59,880 Speaker 1: massive warning signs for our society. You have a generation 114 00:06:00,080 --> 00:06:03,560 Speaker 1: that feels totally disconnected from the democratic process, barely believes 115 00:06:03,600 --> 00:06:06,680 Speaker 1: in it anymore, and that has all of this, you know, 116 00:06:07,120 --> 00:06:10,080 Speaker 1: anger and dissatisfaction and has been cut off with the 117 00:06:10,160 --> 00:06:12,960 Speaker 1: knees time and time again in their young lives. In 118 00:06:13,040 --> 00:06:15,320 Speaker 1: terms of being able to build a stable life and 119 00:06:15,360 --> 00:06:17,560 Speaker 1: potentially have a family, in all of those normal things. 120 00:06:18,240 --> 00:06:20,320 Speaker 1: It doesn't lead to a good place. I mean, that 121 00:06:20,480 --> 00:06:24,400 Speaker 1: just doesn't end well when you shut off the aspirations 122 00:06:24,600 --> 00:06:28,279 Speaker 1: of your youngest generation. No, I mean, look, how would 123 00:06:28,320 --> 00:06:31,360 Speaker 1: you define a successful presidency? This is not hard. Most 124 00:06:31,400 --> 00:06:33,479 Speaker 1: young people are actually very united in this and look 125 00:06:33,520 --> 00:06:37,159 Speaker 1: I know partisanship, excuse it, but number one strengthening the 126 00:06:37,200 --> 00:06:41,360 Speaker 1: economy fifty eight percent. Number two bringing the country together 127 00:06:41,600 --> 00:06:45,839 Speaker 1: forty five percent. Number three improving healthcare forty two percent. 128 00:06:45,960 --> 00:06:48,160 Speaker 1: I'll never forget the first job I had where I 129 00:06:48,160 --> 00:06:51,040 Speaker 1: didn't have my parents' health insurance anymore and my deductible 130 00:06:51,240 --> 00:06:54,680 Speaker 1: was seven thousand dollars. I was like, oh, okay, cool, Like, 131 00:06:54,800 --> 00:06:57,040 Speaker 1: I guess you know, if I get hit by a bus, 132 00:06:57,160 --> 00:06:59,760 Speaker 1: I'll be all right. I was like, barring that better 133 00:06:59,760 --> 00:07:02,720 Speaker 1: becase careful. And then I think I thought at for 134 00:07:02,760 --> 00:07:05,279 Speaker 1: a time I had stress fractures or whatever in my feet. 135 00:07:05,320 --> 00:07:06,800 Speaker 1: I put it off for months because I was like, 136 00:07:06,839 --> 00:07:08,279 Speaker 1: I did not want to go to the damn doctor, 137 00:07:08,400 --> 00:07:10,640 Speaker 1: and up getting a several thousand dollars bill for the MRI. 138 00:07:10,920 --> 00:07:13,840 Speaker 1: So thank you very much. Healthcare system. Number four was 139 00:07:13,880 --> 00:07:18,440 Speaker 1: addressing climate change thirty three percent, Reducing economic inequality thirty 140 00:07:18,480 --> 00:07:22,000 Speaker 1: two percent, Improving our public education system twenty eight percent, 141 00:07:22,160 --> 00:07:26,120 Speaker 1: social justice twenty five percent, America's standing on the international 142 00:07:26,120 --> 00:07:29,040 Speaker 1: stage twenty percent. I mean the top three alone healthcare, 143 00:07:29,120 --> 00:07:32,880 Speaker 1: bringing the country together, strengthening the economy, huge support amongst 144 00:07:32,880 --> 00:07:35,920 Speaker 1: young people because they're the ones who get screwed, especially 145 00:07:35,960 --> 00:07:38,920 Speaker 1: on the back end, and over and over again. What 146 00:07:39,000 --> 00:07:40,960 Speaker 1: they point to This is also another one that I 147 00:07:41,080 --> 00:07:45,080 Speaker 1: kind of liked. They value compromise over confrontation. I don't 148 00:07:45,080 --> 00:07:47,840 Speaker 1: think they mean it in the DC sense of like, 149 00:07:48,000 --> 00:07:51,720 Speaker 1: let's compromise to invade Afghanistan. They're like, look, we have 150 00:07:51,960 --> 00:07:55,760 Speaker 1: major structural problems all across the board. Something has got 151 00:07:55,800 --> 00:07:58,720 Speaker 1: to happen. The country is sclerotic, it's not working for us. 152 00:07:58,960 --> 00:08:02,040 Speaker 1: We can't afford home, can't afford rent, moving back in 153 00:08:02,080 --> 00:08:05,640 Speaker 1: with our parents, depressed, contemplating self harm, and also this 154 00:08:05,680 --> 00:08:07,680 Speaker 1: pandemic just robbed us of two of the most valuable 155 00:08:07,760 --> 00:08:11,080 Speaker 1: years of our lives. Somebody, please just do something. Yeah, 156 00:08:11,120 --> 00:08:12,840 Speaker 1: And I think that's what they mean whenever they say 157 00:08:12,840 --> 00:08:15,520 Speaker 1: comp I think the climate change piece is really significant too, 158 00:08:15,560 --> 00:08:18,560 Speaker 1: for obvious reasons. I mean, and this bears down another 159 00:08:18,600 --> 00:08:22,120 Speaker 1: pulling I've seen, like it's actually oftentimes it's the youngest 160 00:08:22,120 --> 00:08:25,480 Speaker 1: generation and the oldest generation we're most concerned about climate 161 00:08:25,520 --> 00:08:27,120 Speaker 1: change because I think there's a sense of like what 162 00:08:27,200 --> 00:08:29,800 Speaker 1: am I passing forward to my grandkids? And then for 163 00:08:29,880 --> 00:08:31,960 Speaker 1: young people it's obviously like what kind of a world 164 00:08:32,000 --> 00:08:33,400 Speaker 1: am I going to live in as how is this 165 00:08:33,440 --> 00:08:36,160 Speaker 1: all going to work out? And there's an overwhelming sense 166 00:08:36,360 --> 00:08:39,960 Speaker 1: that the Biden administration is not doing nearly enough to 167 00:08:40,280 --> 00:08:43,160 Speaker 1: address climate change. A majority fifty six percent of young 168 00:08:43,160 --> 00:08:47,520 Speaker 1: Americans expect climate change to impact their future decisions. Nearly 169 00:08:47,640 --> 00:08:51,560 Speaker 1: half already see its local effects. So just one more 170 00:08:51,640 --> 00:08:55,440 Speaker 1: instance where they feel their views and priorities and the 171 00:08:55,480 --> 00:08:58,240 Speaker 1: issues that are going to shape their ability to have 172 00:08:58,600 --> 00:09:02,000 Speaker 1: safe and happy lives not being reflected by our political 173 00:09:02,080 --> 00:09:07,000 Speaker 1: class whatsoever. So major red flags here in terms of 174 00:09:07,080 --> 00:09:09,320 Speaker 1: the health of society and the nation. And then you 175 00:09:09,360 --> 00:09:11,400 Speaker 1: go and look at the other The last thing they 176 00:09:11,440 --> 00:09:14,839 Speaker 1: pull is less than one third of young people believe 177 00:09:14,880 --> 00:09:17,079 Speaker 1: that America is the greatest country in the world. They 178 00:09:17,080 --> 00:09:20,520 Speaker 1: don't believe in America the way the previous generations did, 179 00:09:20,679 --> 00:09:23,360 Speaker 1: and based on their experience, who could blame them? Yeah, 180 00:09:23,400 --> 00:09:26,800 Speaker 1: who could blame them? I know that one hurts the most. 181 00:09:26,960 --> 00:09:30,840 Speaker 1: It really is sad, But look, you gotta prove it 182 00:09:30,880 --> 00:09:32,880 Speaker 1: in order to actually be it. So that's what we 183 00:09:32,920 --> 00:09:34,960 Speaker 1: have to work on the most. All right, guys, thanks 184 00:09:35,000 --> 00:09:36,560 Speaker 1: so much for watching. We're going to have more for 185 00:09:36,600 --> 00:09:41,439 Speaker 1: you later. I wanted to bring you a stunning and 186 00:09:41,640 --> 00:09:45,560 Speaker 1: deeply troubling report from BuzzFeed News about some of the 187 00:09:45,600 --> 00:09:48,720 Speaker 1: inner workings of the CIA. Let's throw this tear sheet 188 00:09:48,800 --> 00:09:53,360 Speaker 1: up on the screen. So apparently secret CIA files reveal 189 00:09:53,640 --> 00:09:58,480 Speaker 1: that staffers have committed sex crimes involving children and not 190 00:09:59,000 --> 00:10:02,360 Speaker 1: been prosecute. Here is the lead of that story. Over 191 00:10:02,400 --> 00:10:05,600 Speaker 1: the past fourteen years, the Central Intelligence Agency has secretly 192 00:10:05,600 --> 00:10:09,240 Speaker 1: amassed credible evidence that at least ten of its employees 193 00:10:09,280 --> 00:10:13,199 Speaker 1: and contractors committed sexual crimes involving children. Though most of 194 00:10:13,240 --> 00:10:15,760 Speaker 1: the cases were referred to you as attorneys for prosecution, 195 00:10:15,920 --> 00:10:19,280 Speaker 1: only one of those individuals was ever charged with a crime. 196 00:10:19,679 --> 00:10:21,680 Speaker 1: Prosecutors sent the rest of the cases back to the 197 00:10:21,720 --> 00:10:25,720 Speaker 1: CIA to handle internally, meaning few faced any consequences beyond 198 00:10:25,720 --> 00:10:29,520 Speaker 1: the possible loss of their jobs and security clearances. To 199 00:10:29,600 --> 00:10:33,880 Speaker 1: give you a sense of just how disgusting and outrageous 200 00:10:33,920 --> 00:10:38,560 Speaker 1: the alleged behavior was, one employee had sexual contact with 201 00:10:38,640 --> 00:10:42,520 Speaker 1: a two year old and a sixty year old. Again, 202 00:10:42,600 --> 00:10:46,280 Speaker 1: this person never prosecuted. He was fired. A second employee 203 00:10:46,520 --> 00:10:50,720 Speaker 1: purchased three sexually explicit videos of young girls filmed by 204 00:10:50,760 --> 00:10:54,680 Speaker 1: their mothers. He resigned. Third employee estimated he had viewed 205 00:10:54,840 --> 00:10:59,760 Speaker 1: up to fourteen hundred sexually abusive images of children while 206 00:10:59,800 --> 00:11:03,839 Speaker 1: on agency assignments. Rugers do not say what action, if any, 207 00:11:04,000 --> 00:11:07,600 Speaker 1: the CIA took against him. Contractor who arranged for sex 208 00:11:07,640 --> 00:11:11,080 Speaker 1: with an undercover FBI agent posing as a child had 209 00:11:11,120 --> 00:11:15,880 Speaker 1: his contract revoked. Again. Only one of the individuals cited 210 00:11:15,920 --> 00:11:18,240 Speaker 1: in all these documents was ever charged with a crime, 211 00:11:18,760 --> 00:11:22,319 Speaker 1: and in that case, as in the only previously known 212 00:11:22,360 --> 00:11:25,439 Speaker 1: case of a CIA staffer being charged with child sex crimes, 213 00:11:25,679 --> 00:11:30,640 Speaker 1: the employee was also under investigation for mishandling classified material. 214 00:11:30,800 --> 00:11:34,080 Speaker 1: So that was apparently what they were really concerned about, 215 00:11:34,559 --> 00:11:37,480 Speaker 1: not the fact of sex crimes being committed against children. 216 00:11:37,520 --> 00:11:39,680 Speaker 1: What's really disgusting here is that they actually went and 217 00:11:39,720 --> 00:11:41,480 Speaker 1: talked to somebody. They're like, how the hell does this happen. 218 00:11:41,480 --> 00:11:44,800 Speaker 1: Here's what they say, quote, we can't have these people testify. 219 00:11:45,040 --> 00:11:48,880 Speaker 1: They may inadvertently be forced to disclose sources and methods. 220 00:11:49,320 --> 00:11:51,840 Speaker 1: They said, they understand the need to protect sensitive and 221 00:11:51,880 --> 00:11:55,520 Speaker 1: classified equities. However, for crimes of a certain class, whether 222 00:11:55,559 --> 00:11:57,960 Speaker 1: it's intelligency, you have to figure out how to prosecute 223 00:11:58,000 --> 00:12:00,520 Speaker 1: these people. That's when one person who's working there currently says, 224 00:12:00,760 --> 00:12:04,120 Speaker 1: who also says the child abuse images problems are there 225 00:12:04,280 --> 00:12:08,560 Speaker 1: stretch back decades. So think about how ghoulish these people are. 226 00:12:08,960 --> 00:12:13,080 Speaker 1: They're literally protecting pedophiles because they would rather protect them 227 00:12:13,320 --> 00:12:17,480 Speaker 1: than reveal quote sources and methods in open us court. 228 00:12:17,720 --> 00:12:20,320 Speaker 1: So they would just let these people get away with it. 229 00:12:20,600 --> 00:12:24,240 Speaker 1: I mean year old and a six year old. Look, 230 00:12:24,400 --> 00:12:26,520 Speaker 1: you know where I come from. They tried to pass 231 00:12:26,559 --> 00:12:29,000 Speaker 1: death penalty for that in I sport and you know, 232 00:12:29,360 --> 00:12:33,160 Speaker 1: you look at this stuff, it's blood boiling. They put 233 00:12:33,200 --> 00:12:36,720 Speaker 1: it out in the open. My particular favorite is the 234 00:12:36,760 --> 00:12:40,360 Speaker 1: guy who was soliciting underage sex from a person who 235 00:12:40,480 --> 00:12:42,960 Speaker 1: turned out to be an FBI agent and engage in 236 00:12:42,960 --> 00:12:46,120 Speaker 1: a chat with them, and then they tried to cover 237 00:12:46,160 --> 00:12:48,880 Speaker 1: it up even though the FBI had them dead to rights, 238 00:12:48,880 --> 00:12:52,000 Speaker 1: and that person ultimately just ended up getting fired. And 239 00:12:52,040 --> 00:12:56,240 Speaker 1: they also were found to have extensively downloaded child pornography. Look, 240 00:12:56,440 --> 00:12:59,280 Speaker 1: these people should be sitting in prison for decades. That's 241 00:12:59,320 --> 00:13:02,800 Speaker 1: why we have the most stringent laws on this stuff 242 00:13:03,040 --> 00:13:05,839 Speaker 1: for a reason, which is that if you engage in it, 243 00:13:06,120 --> 00:13:09,120 Speaker 1: you should never see the light of day again. And 244 00:13:09,480 --> 00:13:12,640 Speaker 1: all of these people were completely let off because the 245 00:13:12,640 --> 00:13:17,440 Speaker 1: CIA would rather protect sources and methods than protect children. Yeah, 246 00:13:17,600 --> 00:13:21,040 Speaker 1: that's the bottom line. And this is there are some 247 00:13:21,120 --> 00:13:24,680 Speaker 1: troubling indications that these ten are really just the tip 248 00:13:24,720 --> 00:13:27,880 Speaker 1: of the iceberg. They report that at the symposium in 249 00:13:27,920 --> 00:13:30,920 Speaker 1: twenty sixteen, Daniel Payne, who is a top Pentagon security official, 250 00:13:31,000 --> 00:13:35,120 Speaker 1: said that when workers' computers were examined, quote, the amount 251 00:13:35,120 --> 00:13:40,559 Speaker 1: of child porn I see is just unbelievable. So it 252 00:13:40,600 --> 00:13:44,800 Speaker 1: also begs the question, right because the same rationalization of like, ah, 253 00:13:44,800 --> 00:13:47,240 Speaker 1: we can't prosecute them because we don't want our dirty 254 00:13:47,280 --> 00:13:52,240 Speaker 1: laundry aired and our secrets aired in the public square, Well, 255 00:13:52,240 --> 00:13:54,679 Speaker 1: that could apply to any crime. I mean, that just 256 00:13:54,760 --> 00:13:57,040 Speaker 1: means if if you work for the CIA, you just 257 00:13:57,040 --> 00:13:58,760 Speaker 1: get a blank check to do whatever the hell you 258 00:13:58,800 --> 00:14:01,960 Speaker 1: want because they they never want to prosecute you because 259 00:14:01,960 --> 00:14:06,959 Speaker 1: they're too afraid of their secrets coming out. So they'd 260 00:14:07,040 --> 00:14:12,280 Speaker 1: rather let pedophiles get away with sex crimes against children 261 00:14:12,880 --> 00:14:17,240 Speaker 1: than have them face accountability because they don't can't possibly 262 00:14:17,280 --> 00:14:19,480 Speaker 1: have any of their secrets come out. And remember that 263 00:14:19,560 --> 00:14:22,360 Speaker 1: report that we covered a couple of months ago about 264 00:14:22,400 --> 00:14:24,920 Speaker 1: how FBI and FORMATS have been found to have committed 265 00:14:25,080 --> 00:14:29,640 Speaker 1: twenty two thousand eight hundred crimes between twenty eleven and 266 00:14:29,680 --> 00:14:33,960 Speaker 1: twenty fourteen and were authorized to do so. Not only that, 267 00:14:34,000 --> 00:14:37,920 Speaker 1: they were paid over five hundred and fifty million dollars 268 00:14:38,280 --> 00:14:41,880 Speaker 1: in recent years, and that's only twenty eleven to twenty fourteen. 269 00:14:42,040 --> 00:14:44,880 Speaker 1: Who the hell knows what it is right now? In 270 00:14:44,920 --> 00:14:48,480 Speaker 1: response to BLM in January six crimes that are being 271 00:14:48,560 --> 00:14:53,920 Speaker 1: authorized on indicted coke conspirators, some people just disappear even 272 00:14:53,920 --> 00:14:57,000 Speaker 1: though they're on video. I mean, you are getting a 273 00:14:57,080 --> 00:15:00,920 Speaker 1: real view into what these people allow, uh, some of 274 00:15:00,920 --> 00:15:03,520 Speaker 1: the most heinous criminals to get away with as long 275 00:15:03,560 --> 00:15:06,120 Speaker 1: as they're you know, inside the machine and they protect 276 00:15:06,160 --> 00:15:09,200 Speaker 1: the machine. Yep, and your taxpayer dollars going to pay 277 00:15:09,200 --> 00:15:12,520 Speaker 1: their salaries. Yeah. So all right, guys, thanks so much 278 00:15:12,520 --> 00:15:17,040 Speaker 1: for watching. We'll have more for you later. Joining us 279 00:15:17,040 --> 00:15:19,360 Speaker 1: now we have Lee Harris. She is a writing fellow 280 00:15:19,400 --> 00:15:22,200 Speaker 1: for the American Prospect and has a great new piece. 281 00:15:22,280 --> 00:15:23,760 Speaker 1: Let's go ahead and put it up on the screen 282 00:15:24,120 --> 00:15:27,160 Speaker 1: titled what the New Sheriffs of Wall Street Can Do, 283 00:15:27,760 --> 00:15:30,440 Speaker 1: taking a look at both some of the new regulators 284 00:15:30,440 --> 00:15:33,200 Speaker 1: who've been put in place and also some some of 285 00:15:33,240 --> 00:15:37,360 Speaker 1: what the new risks in the banking sector. Are Lee. Welcome, 286 00:15:37,360 --> 00:15:39,720 Speaker 1: We're glad to have you. Good to see Lee. Thanks 287 00:15:39,760 --> 00:15:42,520 Speaker 1: really excited to be on of course, So let's build 288 00:15:42,560 --> 00:15:44,360 Speaker 1: a story from the ground up. Start with who the 289 00:15:44,400 --> 00:15:47,360 Speaker 1: people and the players are that you write about here. 290 00:15:48,680 --> 00:15:51,320 Speaker 1: So I write about a number of new financial regulators 291 00:15:51,360 --> 00:15:54,240 Speaker 1: that Biden has put in. So there are big names 292 00:15:54,280 --> 00:15:57,160 Speaker 1: like Gary Gensler, who was actually pretty well known as 293 00:15:57,480 --> 00:16:01,560 Speaker 1: someone who didn't play ball with industry administration. He's now 294 00:16:01,640 --> 00:16:04,520 Speaker 1: leading the Securities in Exchange Commission. But he has a 295 00:16:04,520 --> 00:16:06,880 Speaker 1: lot of really promising people that are in, like his 296 00:16:07,000 --> 00:16:11,440 Speaker 1: policy director Heather Robin Corzo, who visit the al c IO, 297 00:16:12,040 --> 00:16:15,400 Speaker 1: and some real critics of climate risk as well, who 298 00:16:15,400 --> 00:16:19,200 Speaker 1: are concerned about how fossil fuel fossil fuel crisis could 299 00:16:19,600 --> 00:16:23,360 Speaker 1: underline the financial system. But there there are other people 300 00:16:23,400 --> 00:16:27,840 Speaker 1: like low hit Joke rub at Uh was previously for 301 00:16:28,160 --> 00:16:30,400 Speaker 1: the Federal Trade Commission and who's now heading up the 302 00:16:30,440 --> 00:16:33,600 Speaker 1: Consumer Financial Protection Bureau, is a real critic of some 303 00:16:33,680 --> 00:16:35,720 Speaker 1: of the abuses of the BATI tech and a real 304 00:16:35,800 --> 00:16:39,000 Speaker 1: kind of any trust camp. And then there are kind 305 00:16:39,000 --> 00:16:42,360 Speaker 1: of people throughout the administration. I mean, another person who 306 00:16:42,600 --> 00:16:46,080 Speaker 1: who I write about is Graham Steele, a huge kind 307 00:16:46,080 --> 00:16:49,880 Speaker 1: of antitrust advocate and critic of giants like black Rock, 308 00:16:50,040 --> 00:16:52,360 Speaker 1: who is pretty high up at the Treasury now. Now, 309 00:16:52,680 --> 00:16:56,360 Speaker 1: not every new, uh new person who's been appointed as 310 00:16:56,360 --> 00:16:59,720 Speaker 1: a financial regulator is a critic of Wall Street. In fact, 311 00:17:00,040 --> 00:17:01,680 Speaker 1: the kind of interesting dynamic is that there are a 312 00:17:01,720 --> 00:17:04,400 Speaker 1: lot of appointees who have been drawn from the FED, 313 00:17:04,480 --> 00:17:07,600 Speaker 1: and there's I think real fear about the Fed's institutional 314 00:17:07,640 --> 00:17:11,600 Speaker 1: conservatism coming in and kind of stymying some of the 315 00:17:11,640 --> 00:17:13,840 Speaker 1: reformers who want to be tougher on Wall Street. So 316 00:17:14,240 --> 00:17:17,960 Speaker 1: it's definitely not a done deal, but Biden has put 317 00:17:18,000 --> 00:17:21,359 Speaker 1: in kind of a number of surprisingly big critics of 318 00:17:21,400 --> 00:17:23,560 Speaker 1: Wall Street. You know, Lee, One of the things that 319 00:17:23,600 --> 00:17:26,640 Speaker 1: I get from your piece is just so how complicated 320 00:17:26,960 --> 00:17:30,439 Speaker 1: some of the current financial technology has moved, and how 321 00:17:30,520 --> 00:17:33,240 Speaker 1: so much of it is a total black box of regulation. 322 00:17:33,359 --> 00:17:37,520 Speaker 1: So you talk about fintech, about crypto, about us, what 323 00:17:37,680 --> 00:17:39,840 Speaker 1: if you can explain this to us, what SI FI, 324 00:17:39,920 --> 00:17:43,040 Speaker 1: CIPHY I think it's called. Can you explain some of 325 00:17:43,040 --> 00:17:47,640 Speaker 1: those more complex technologies and then where the regulatory aspect 326 00:17:47,960 --> 00:17:50,920 Speaker 1: might come into play for sure. So one kind of 327 00:17:50,920 --> 00:17:54,920 Speaker 1: weird dynamic I talk about is the way in which banks, 328 00:17:55,320 --> 00:17:58,480 Speaker 1: big banks and conventional banks are the villains. But but 329 00:17:58,760 --> 00:18:00,960 Speaker 1: you know, in the way that a lot of these 330 00:18:02,160 --> 00:18:05,440 Speaker 1: regulators have said since two thousand and eight, and they 331 00:18:05,520 --> 00:18:09,240 Speaker 1: certainly need to be regulated more forcefully, but also surprisingly, 332 00:18:10,280 --> 00:18:13,119 Speaker 1: a lot of financial risk has migrated outside of banks 333 00:18:14,400 --> 00:18:18,040 Speaker 1: into big tech companies that are producing new financial instruments, 334 00:18:18,800 --> 00:18:21,840 Speaker 1: and also into kind of the new shadow banking systems. 335 00:18:21,960 --> 00:18:24,440 Speaker 1: So if you think back to two thousand and eight, 336 00:18:24,520 --> 00:18:26,840 Speaker 1: the shadow banks were kind of on Wall Street, these 337 00:18:26,840 --> 00:18:31,040 Speaker 1: broker dealers which weren't subject to prudential regulation, to any 338 00:18:31,040 --> 00:18:33,520 Speaker 1: of the regulation that banks had to comply with. They 339 00:18:33,560 --> 00:18:36,760 Speaker 1: basically copied the bank business model in this huge act 340 00:18:36,800 --> 00:18:40,199 Speaker 1: of regulatory arbitrage, leveraged themselves up and then proceeded to 341 00:18:40,240 --> 00:18:43,879 Speaker 1: throw up, and everyone made that story. But now in 342 00:18:43,920 --> 00:18:46,800 Speaker 1: the wake of that, there's this funny dynamic where the 343 00:18:46,880 --> 00:18:49,199 Speaker 1: banks do have a number of new guardrails that have 344 00:18:49,240 --> 00:18:52,720 Speaker 1: been put on them, like capital requirements and don Frank, 345 00:18:52,760 --> 00:18:54,680 Speaker 1: which was that big piece of post two thousand and 346 00:18:54,680 --> 00:18:57,080 Speaker 1: eight regulation. It's true that it didn't go far enough, 347 00:18:57,119 --> 00:18:59,400 Speaker 1: but it has required banks to have kind of more 348 00:18:59,400 --> 00:19:02,440 Speaker 1: of a pushing in the event of the crisis but meanwhile, 349 00:19:03,000 --> 00:19:06,760 Speaker 1: big asset managers like black Rock and hedge funds, but 350 00:19:06,960 --> 00:19:11,240 Speaker 1: private private capital that's completely unaccountable to regulators and where 351 00:19:11,240 --> 00:19:13,840 Speaker 1: there's even less transparency than we have in the banks. 352 00:19:14,800 --> 00:19:17,879 Speaker 1: They've been taking on new forms of risk really outside 353 00:19:17,920 --> 00:19:22,119 Speaker 1: of kind of the regulatory perimeter of what regulators are studying. 354 00:19:22,200 --> 00:19:24,159 Speaker 1: So that's all a kind of long winded way of 355 00:19:24,240 --> 00:19:27,960 Speaker 1: saying that if all of these new regulators do is 356 00:19:28,000 --> 00:19:30,639 Speaker 1: come in and regulate the big banks, they'll be missing 357 00:19:30,680 --> 00:19:33,560 Speaker 1: a lot of particular interesting talk a little bit more 358 00:19:33,600 --> 00:19:38,880 Speaker 1: about Blackrock specifically, which you single out here as particularly 359 00:19:39,560 --> 00:19:43,200 Speaker 1: important and influential. What is it about them that makes 360 00:19:43,200 --> 00:19:47,880 Speaker 1: them so significant and such an important target for additional regulation. Yeah, 361 00:19:47,920 --> 00:19:51,879 Speaker 1: I'd say it's both their their sheer size, their market 362 00:19:51,960 --> 00:19:54,359 Speaker 1: power and the amount of information they have on the market, 363 00:19:54,520 --> 00:19:56,840 Speaker 1: and then their political influence. So just to go through that, 364 00:19:57,359 --> 00:20:01,080 Speaker 1: as of I think twenty nineteen, Blackrock itself held a 365 00:20:01,119 --> 00:20:04,120 Speaker 1: five percent or greater stake in ninety seven point five 366 00:20:04,160 --> 00:20:06,639 Speaker 1: percent of SEVP five hundred companies, so it has a 367 00:20:06,720 --> 00:20:10,199 Speaker 1: huge amount of influence with all the major companies that 368 00:20:10,240 --> 00:20:13,639 Speaker 1: investors are buying, and it also operates, So yeah, just 369 00:20:13,640 --> 00:20:17,480 Speaker 1: the amount of concentration itself is huge, but I think 370 00:20:17,520 --> 00:20:19,840 Speaker 1: what regulators are more worried about in some ways is 371 00:20:20,200 --> 00:20:23,480 Speaker 1: it's political influence and it's insight. So it operates this 372 00:20:23,600 --> 00:20:27,120 Speaker 1: technology platform that's really worth looking up called the Latin 373 00:20:27,720 --> 00:20:30,639 Speaker 1: that has trade and ownership information for about ten percent 374 00:20:30,680 --> 00:20:33,640 Speaker 1: of global stocks and bonds. Basically, it has visibility that's 375 00:20:33,760 --> 00:20:39,800 Speaker 1: kind of unrivaled into its rivals and into financial markets generally, 376 00:20:40,080 --> 00:20:42,760 Speaker 1: and that's one reason that the FED hired black Croth 377 00:20:42,880 --> 00:20:47,760 Speaker 1: to manage its corporate bond buying programs during it as 378 00:20:47,840 --> 00:20:51,240 Speaker 1: part of the pandemic response, and that put Blackroth above 379 00:20:51,320 --> 00:20:54,320 Speaker 1: other things in the position of buying its own ets. 380 00:20:54,600 --> 00:20:57,399 Speaker 1: So there was there was a lot of criticism of 381 00:20:57,400 --> 00:20:59,520 Speaker 1: that as kind of self dealing, but even that maybe 382 00:20:59,560 --> 00:21:02,119 Speaker 1: misses the bigger picture, which is just the sheer amount 383 00:21:02,119 --> 00:21:06,159 Speaker 1: of information that makes black Rock really hard to compete with. 384 00:21:06,200 --> 00:21:10,040 Speaker 1: And then finally, it has kind of political influence on 385 00:21:10,080 --> 00:21:12,640 Speaker 1: a more personal level in a kind of revolving doorway. 386 00:21:12,640 --> 00:21:16,720 Speaker 1: I mean, black Rock CEO Larry Fink advised President Crump 387 00:21:16,800 --> 00:21:21,240 Speaker 1: last year on the US COVID response. The Bidenan administration 388 00:21:21,600 --> 00:21:25,119 Speaker 1: is certainly stacked with Blackrock Stafforge. So there's just so 389 00:21:25,280 --> 00:21:30,640 Speaker 1: much interpenetration between this brawling asset manager and the government. 390 00:21:31,200 --> 00:21:33,680 Speaker 1: And so would the idea be additional regulation or would 391 00:21:33,720 --> 00:21:37,480 Speaker 1: the idea be to break up black Rock? That's the thing. 392 00:21:37,680 --> 00:21:40,679 Speaker 1: It's kind of an ongoing debate among regulators. So this 393 00:21:40,760 --> 00:21:43,840 Speaker 1: guy mentioned, Graham Steele, has written not just about regulating 394 00:21:43,920 --> 00:21:47,200 Speaker 1: black Rock, but actually enforcing anti trust law against it. 395 00:21:48,560 --> 00:21:52,439 Speaker 1: But there's kind of a debate over whether these really 396 00:21:52,440 --> 00:21:57,040 Speaker 1: influential non bank institutions should be given this the designation 397 00:21:57,080 --> 00:22:00,119 Speaker 1: that you mentioned, which means systemically important financial institute and 398 00:22:00,160 --> 00:22:02,840 Speaker 1: that's basically it's too big to fail designation, or if 399 00:22:02,840 --> 00:22:06,679 Speaker 1: they should just be growken up. And and it's an 400 00:22:06,680 --> 00:22:12,600 Speaker 1: interesting debate because FS which is the committee work kind 401 00:22:12,600 --> 00:22:15,639 Speaker 1: of all the US financial regulation great regulators come together 402 00:22:15,680 --> 00:22:19,800 Speaker 1: and try to coordinate a coherent regulatory strategy. That's the 403 00:22:19,840 --> 00:22:23,119 Speaker 1: main tool it has its disposal is designated and entities 404 00:22:23,680 --> 00:22:27,440 Speaker 1: as too big to fail. But it hasn't really taken 405 00:22:27,480 --> 00:22:29,520 Speaker 1: advantage of that tool. So there's an argument that they 406 00:22:29,520 --> 00:22:31,560 Speaker 1: should do that not only for big banks like for 407 00:22:31,680 --> 00:22:34,680 Speaker 1: the Group and Ja Morgan, but also for insurance companies 408 00:22:34,720 --> 00:22:38,440 Speaker 1: and other financial giants that have a lot of market importance. 409 00:22:39,280 --> 00:22:42,080 Speaker 1: But but that that that the go that aren't regulated 410 00:22:42,200 --> 00:22:46,200 Speaker 1: as stringently as banks. But but so but but others say, 411 00:22:46,400 --> 00:22:48,840 Speaker 1: right that it's not enough just to call something too 412 00:22:48,880 --> 00:22:51,600 Speaker 1: big to fail and in some ways, but that that 413 00:22:51,600 --> 00:22:55,639 Speaker 1: that would institutionalize its power and make it. Yeah, that 414 00:22:55,680 --> 00:22:58,320 Speaker 1: they're basically hazards and risks with something calling something to 415 00:22:58,359 --> 00:23:02,720 Speaker 1: big defail, and that instead these should just be broken up. Absolutely, Lee, 416 00:23:02,760 --> 00:23:06,240 Speaker 1: I mean, this is a very useful intro into how 417 00:23:06,280 --> 00:23:08,600 Speaker 1: all this stuff works. There's a lot of chatter online, 418 00:23:08,680 --> 00:23:10,800 Speaker 1: but this is an actual deep dive. We'll put a 419 00:23:10,840 --> 00:23:13,359 Speaker 1: link in the description. And we really appreciate you joining us. 420 00:23:13,440 --> 00:23:18,480 Speaker 1: Thank you, thanks so much, our pleasure, thanks for watching, guys. 421 00:23:18,480 --> 00:23:23,160 Speaker 1: A lot more for you later. Former Secretary of State 422 00:23:23,240 --> 00:23:27,800 Speaker 1: Hillary Clinton making some big moves recently. Of course we 423 00:23:27,920 --> 00:23:29,919 Speaker 1: brought you some of the press she's been doing. But 424 00:23:30,000 --> 00:23:33,000 Speaker 1: this is this is the next level of I guess 425 00:23:33,000 --> 00:23:37,320 Speaker 1: her plans for the future. She's doing what's called a masterclass. 426 00:23:37,320 --> 00:23:38,600 Speaker 1: I don't know if you guys are aware of this 427 00:23:39,000 --> 00:23:41,040 Speaker 1: a whole. It's one of those annoying companies. It's always 428 00:23:41,040 --> 00:23:43,920 Speaker 1: in the YouTube at about master cos that's exactly where 429 00:23:43,920 --> 00:23:46,679 Speaker 1: you probably know it from. So anyway, Hillary Clinton is 430 00:23:46,720 --> 00:23:51,320 Speaker 1: teaching a masterclass on perseverance. We got a little sneak 431 00:23:51,359 --> 00:23:55,840 Speaker 1: peek into what she is offering students. There she exclusively 432 00:23:56,359 --> 00:24:00,560 Speaker 1: read the entirety of what would have been her victory 433 00:24:00,560 --> 00:24:03,640 Speaker 1: speech if she hadn't, you know, run the worst campaign 434 00:24:03,720 --> 00:24:05,879 Speaker 1: ever in doomed, dissol to four years of Donald Trump. 435 00:24:06,400 --> 00:24:07,800 Speaker 1: Let's take a listen to a little bit of that. 436 00:24:08,720 --> 00:24:13,640 Speaker 1: I think about my mother every day. Sometimes I think 437 00:24:13,680 --> 00:24:17,879 Speaker 1: about her on that train. I wish I could walk 438 00:24:18,000 --> 00:24:29,439 Speaker 1: down the aisle. I wish I could walk down the 439 00:24:29,480 --> 00:24:34,720 Speaker 1: aisle and find the little wooden seats where she sat, 440 00:24:35,760 --> 00:24:43,240 Speaker 1: holding tight to her even younger sister alone, terrified. She 441 00:24:43,359 --> 00:24:48,679 Speaker 1: doesn't yet know how much she will suffer. She doesn't 442 00:24:48,760 --> 00:24:52,640 Speaker 1: yet know she will find the strength to escape that suffering. 443 00:24:53,400 --> 00:24:58,600 Speaker 1: That is still a long way off. The whole future 444 00:24:58,720 --> 00:25:02,919 Speaker 1: is still unknown. And she stares out at the vast 445 00:25:03,080 --> 00:25:08,760 Speaker 1: country moving past her. I dream of going up to her. 446 00:25:10,000 --> 00:25:14,120 Speaker 1: She goes on to say that her mother doesn't wouldn't 447 00:25:14,160 --> 00:25:17,199 Speaker 1: know that her daughter would go on to be president 448 00:25:17,240 --> 00:25:21,000 Speaker 1: of the United States, and she's very choked up about that. 449 00:25:21,200 --> 00:25:23,960 Speaker 1: I mean I don't know. I don't want to be 450 00:25:25,240 --> 00:25:28,240 Speaker 1: save us your crocodile tears and stop charging people in 451 00:25:28,320 --> 00:25:30,800 Speaker 1: order to watch you cry. Like, I don't think it's 452 00:25:30,800 --> 00:25:34,480 Speaker 1: crocodile tears. I think she genuinely feels very very sad 453 00:25:34,560 --> 00:25:37,240 Speaker 1: that she destroyed her present. I mean, I don't think 454 00:25:37,280 --> 00:25:40,880 Speaker 1: she has any sort of self reflection about her own 455 00:25:40,880 --> 00:25:43,760 Speaker 1: failings and how she ended up handing the presidential election 456 00:25:43,880 --> 00:25:45,959 Speaker 1: of Donald Trump. But I do think she feels very 457 00:25:46,040 --> 00:25:48,080 Speaker 1: sad that she was never president of the United States, 458 00:25:48,760 --> 00:25:52,640 Speaker 1: because I mean, for decades, for decades, that was the 459 00:25:53,400 --> 00:25:55,720 Speaker 1: that was the goal, that was the plan, that was 460 00:25:55,760 --> 00:25:59,080 Speaker 1: what she really believed in her mind. They didn't even 461 00:25:59,119 --> 00:26:01,960 Speaker 1: write a concession spee. I mean, they were popping champagne. 462 00:26:02,000 --> 00:26:06,200 Speaker 1: They thought this was a done deal. And so yeah, 463 00:26:06,560 --> 00:26:10,359 Speaker 1: I think she is genuinely sad that Hillary rodam Clinton 464 00:26:10,400 --> 00:26:12,000 Speaker 1: never got to be president. Yeah, you're right. Yeah, I 465 00:26:12,040 --> 00:26:14,679 Speaker 1: should have forgotten what she's actually upset about and what 466 00:26:14,760 --> 00:26:17,479 Speaker 1: she actually cares about. She's also hosting her own HRC 467 00:26:17,680 --> 00:26:19,879 Speaker 1: Honors Awards. Let's put that up there on the screen. 468 00:26:20,480 --> 00:26:23,040 Speaker 1: You know, she goes and finds five incredible women working 469 00:26:23,040 --> 00:26:25,480 Speaker 1: for women's rights and human rights. This is the co 470 00:26:25,560 --> 00:26:30,200 Speaker 1: hosted this as Madeline Albright Classics. That's what these people 471 00:26:30,560 --> 00:26:33,960 Speaker 1: just cannot stand is the idea that the a they 472 00:26:34,000 --> 00:26:37,000 Speaker 1: failed be the country has moved on from them. But 473 00:26:37,160 --> 00:26:40,240 Speaker 1: think about how craven it is. Why is she charging 474 00:26:40,320 --> 00:26:43,480 Speaker 1: people money at this point in order to see this 475 00:26:43,560 --> 00:26:47,240 Speaker 1: type of exclusive content. You are worth what fifty to 476 00:26:47,400 --> 00:26:52,399 Speaker 1: one hundred million dollars from paid speeches and from you know, 477 00:26:52,840 --> 00:26:55,200 Speaker 1: daughter is just such a genius, happens to be sitting 478 00:26:55,240 --> 00:26:58,399 Speaker 1: on corporate boards of course. That's why it's like, you 479 00:26:58,440 --> 00:27:01,040 Speaker 1: don't need the money. Why are you getting involved in 480 00:27:01,080 --> 00:27:04,120 Speaker 1: these types of things. If you do actually care about 481 00:27:04,560 --> 00:27:07,480 Speaker 1: educating people or whatever on perseverance, do it for free 482 00:27:07,800 --> 00:27:11,720 Speaker 1: and go, you know, guest lecture or whatever at a university, 483 00:27:11,760 --> 00:27:15,520 Speaker 1: preferably like a community college or something, not some ivy 484 00:27:15,600 --> 00:27:18,119 Speaker 1: league place where they don't actually need it. It's just, 485 00:27:18,200 --> 00:27:19,880 Speaker 1: you know, I always see these types of things, these 486 00:27:19,920 --> 00:27:23,040 Speaker 1: gross money grabs. She's just trying to stay irrelevant. That's 487 00:27:23,040 --> 00:27:26,240 Speaker 1: what this all is. Well, and there's there's a lot here. 488 00:27:26,440 --> 00:27:30,040 Speaker 1: I mean, first of all, if you care about the 489 00:27:30,080 --> 00:27:33,159 Speaker 1: destruction of the Democratic Party, it begins and ends with 490 00:27:33,600 --> 00:27:36,840 Speaker 1: the Clintons. I mean literally, it begins with Bill Clinton 491 00:27:37,400 --> 00:27:43,760 Speaker 1: and NAFTA and you know, really entrenching neoliberalism as the 492 00:27:43,800 --> 00:27:48,800 Speaker 1: way of the Democratic Party, intentionally shifting the party away 493 00:27:48,840 --> 00:27:54,720 Speaker 1: from a working class base towards you know, like white suburbanites, 494 00:27:54,800 --> 00:28:00,199 Speaker 1: liberal suburbanites, effectively white collar workers. So that's Bill. Then 495 00:28:00,240 --> 00:28:04,840 Speaker 1: the end is Hillary Clinton, worst candidate for the moment, 496 00:28:06,440 --> 00:28:09,320 Speaker 1: you know, getting all of the having the primary rigged 497 00:28:09,320 --> 00:28:12,520 Speaker 1: for her so she could defeat Bernie, and then running 498 00:28:12,560 --> 00:28:17,040 Speaker 1: a terrible campaign and losing to Donald Trump. And the 499 00:28:17,119 --> 00:28:21,520 Speaker 1: fact that so we say they lost and the country's 500 00:28:21,560 --> 00:28:24,240 Speaker 1: done with them. I wish that was actually true though, 501 00:28:24,320 --> 00:28:27,560 Speaker 1: because the reality is like a lot of Hillary staffers 502 00:28:27,560 --> 00:28:29,879 Speaker 1: went and worked for Kamala Harris, who now sits in 503 00:28:29,920 --> 00:28:32,800 Speaker 1: the White House. They're everywhere, right. This was, as you 504 00:28:32,800 --> 00:28:35,960 Speaker 1: guys know, I read the entire Huma Abadeen book thinking 505 00:28:36,000 --> 00:28:38,920 Speaker 1: that maybe there'd be some accidental glimpse of reality and 506 00:28:38,960 --> 00:28:41,520 Speaker 1: truth in there. There wasn't all spoiler alert. But at 507 00:28:41,560 --> 00:28:44,400 Speaker 1: the end, the very last part that she says is 508 00:28:45,240 --> 00:28:48,720 Speaker 1: I know that ultimately we accomplished something great and paraphrasing, 509 00:28:48,800 --> 00:28:52,240 Speaker 1: because now we get to see Kamala Harris in office 510 00:28:52,240 --> 00:28:56,000 Speaker 1: as vice president. And so even while the Clintons may 511 00:28:56,000 --> 00:28:58,520 Speaker 1: be sort of in the rear view mirror, what they 512 00:28:58,560 --> 00:29:02,600 Speaker 1: have wrought on the country, both the long term economic trajectory, 513 00:29:02,760 --> 00:29:06,640 Speaker 1: but also Hillary's spin of why she lost wasn't because 514 00:29:06,680 --> 00:29:09,640 Speaker 1: she ran a terrible campaign and people didn't want what 515 00:29:09,680 --> 00:29:13,360 Speaker 1: they had to offer and neoliberalism had failed. It was 516 00:29:13,720 --> 00:29:17,920 Speaker 1: came Russia misinformation, exactly right, and we've been doomed to 517 00:29:18,000 --> 00:29:21,040 Speaker 1: that hell ever since. So that's why I feel a 518 00:29:21,040 --> 00:29:23,200 Speaker 1: lot of ways about Hillary Clinton. Well, you should her 519 00:29:23,280 --> 00:29:26,480 Speaker 1: tears here, her tears. Look. Look, we're not trying to 520 00:29:26,520 --> 00:29:29,440 Speaker 1: be callous or anything like. What it is is you 521 00:29:29,440 --> 00:29:31,800 Speaker 1: have to recognize that these people, when they enter public life, 522 00:29:31,840 --> 00:29:34,600 Speaker 1: it probably becomes much bigger than them. And like I said, 523 00:29:34,640 --> 00:29:36,520 Speaker 1: I look at that and I see a pathetic attempt 524 00:29:36,600 --> 00:29:39,240 Speaker 1: in order to grift and to make even more money, 525 00:29:39,440 --> 00:29:42,600 Speaker 1: to continue to cash in, to monetize well meaning people 526 00:29:42,640 --> 00:29:45,720 Speaker 1: who may like her, who have never reconciled with the 527 00:29:45,720 --> 00:29:48,920 Speaker 1: fact that she lost terribly and that they should admit 528 00:29:48,960 --> 00:29:51,600 Speaker 1: it and they should really think about why. I've updated 529 00:29:51,640 --> 00:29:54,800 Speaker 1: my priors a million times since I even started this show. 530 00:29:54,840 --> 00:29:57,000 Speaker 1: I get to learn here with all of you in 531 00:29:57,040 --> 00:30:00,800 Speaker 1: real time. I mean, so many people are just completely stuck. 532 00:30:01,040 --> 00:30:02,800 Speaker 1: And what would it say about me or us if 533 00:30:02,800 --> 00:30:04,760 Speaker 1: we would just lie and be like, no, no, actually 534 00:30:04,840 --> 00:30:06,960 Speaker 1: it's because of this or that. It's like no, you know, 535 00:30:07,040 --> 00:30:09,320 Speaker 1: you can just be wrong, you can fail. It's okay, 536 00:30:09,560 --> 00:30:11,720 Speaker 1: but you know that's That's not what these people are 537 00:30:11,960 --> 00:30:14,160 Speaker 1: used to doing. That's not what they will do. They 538 00:30:14,200 --> 00:30:15,680 Speaker 1: have too much to protect, and so they end up 539 00:30:15,720 --> 00:30:18,360 Speaker 1: charging people on masterclass six years after losing your presidential 540 00:30:18,400 --> 00:30:20,160 Speaker 1: What a come down. Yeah, I thought you were going 541 00:30:20,240 --> 00:30:22,280 Speaker 1: to be president in the United States and instead you're 542 00:30:22,320 --> 00:30:26,600 Speaker 1: hockey in your class like Gordon Rafts. Yeah, no disrespect, 543 00:30:26,680 --> 00:30:31,640 Speaker 1: I love Gordon. Yeah, but yeah, it's different than being president. Anyway. 544 00:30:31,880 --> 00:30:34,280 Speaker 1: That's our little Clinton update for the day. Enjoy your day. 545 00:30:34,320 --> 00:30:35,280 Speaker 1: We'll have more for you later