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

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Speaker 2: Independent media just played a truly massive role in this election,

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Speaker 2: So if that is something that's important to you, please

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Speaker 1: We need your help to build the future of independent

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Speaker 3: Hey guys, welcome to the Friday Show. Ryanan, Emily, great

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Speaker 3: to see you. Guys.

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Speaker 4: Nice to see you.

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Speaker 2: So now that we have officially codified the Friday Show,

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Speaker 2: I guess it's no longer a mini show, and we

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Speaker 2: also are recording some bonus content that is for premium

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Speaker 2: subscribers only, So if you guys want everything that we're

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Speaker 2: doing today, make sure you sign up at Breakingpoints dot com.

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Speaker 3: We're going to roll through.

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Speaker 2: We've got stuff on tariffs, Trump can ask questions about Russia, Ukraine.

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Speaker 2: We got huge moves in the courts in terms of deportations,

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Speaker 2: a bunch of interesting stuff going on the Democratic side,

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Speaker 2: and also some Steve Bannon like Elon Musk drama which

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Speaker 2: is always interesting to take a look at. And some

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Speaker 2: updates with regard to Israel. So a lot to get

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Speaker 2: through this morning, guys and.

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Speaker 5: Ryan, everything good on your end, Yeah, everything's everything's going

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Speaker 5: really well, and you know, thanks everybody for all the

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Speaker 5: kind wishes, the you know, for people just tuning in.

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Speaker 5: Me and my wife got surgery on Tuesday to get

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Speaker 5: the to and removed, and they went in there and

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Speaker 5: they could basically couldn't even find it. These this antibody

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Speaker 5: called her septin, developed in the ninety nineties and two thousands,

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Speaker 5: is just an absolute miracle drug for her two positive cancer.

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Speaker 5: It was also in the lymph nose, and they were

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Speaker 5: worried and they were going to have to pull a

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Speaker 5: whole bunch of lymph nos. But they went in and

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Speaker 5: the first two that they took out, which were not systematic,

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Speaker 5: were tested negative, and they're like, all right, let's let's

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Speaker 5: wrap this up. Let's sew this thing up and move on.

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Speaker 5: So we'll find out next week if she's cancer free. Obviously,

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Speaker 5: none of this is ever over. You know, then there's

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Speaker 5: radiation and then there's antibodies continue, and then you got

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Speaker 5: to continue testing because you never know when it's going

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Speaker 5: to come back. But this is what one of the

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Speaker 5: doctors called like a best case scenario. So things things

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Speaker 5: are going well, so so good, covering for about another

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Speaker 5: week or two and then yeah, then start the radiation.

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Speaker 3: That is awesome, That is so incredibly good to hear Ryan.

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Speaker 5: Yeah, yeah, yeah, this stuff can go lots of different ways.

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Speaker 5: And oh yeah, you know, as as everybody watching.

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Speaker 2: Those, is this the drug you were talking to Saga

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Speaker 2: about a while back that it was like two researchers

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Speaker 2: at a conference had like shared ideas and that's how

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Speaker 2: you end it.

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Speaker 5: Yeah, yeah, it's it's called her sept And the story

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Speaker 5: is remarkable. It was this guy who was at a

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Speaker 5: conference and heard a lecture by somebody not in the

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Speaker 5: oncology field, and he was like, you know what, I

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Speaker 5: think that has implications for cancer treatment. And the UCLA

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Speaker 5: doctor he now runs their cancer clinic, their cancer situation

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Speaker 5: whenever they have at UCLA and genin Tech was the

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Speaker 5: one that had come up with the initial advances and

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Speaker 5: research but didn't want to do anything with it because

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Speaker 5: cancer drugs at the time were considered to be financial losers.

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Speaker 5: They kept going through FDA trials and finding that they

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Speaker 5: weren't actually more effective than anything else because cancer is

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Speaker 5: so awful, and so they'd failed FDI trial and gen

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Speaker 5: and Tech was like, no, if we go in through

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Speaker 5: another FDA trial and fail, it like it's it's going

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Speaker 5: to be brutal for our stock price.

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Speaker 4: So they're like, I don't care. We don't really care

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Speaker 4: about this.

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Speaker 5: And so he went out and got you know, NIH

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Speaker 5: funding and and other grants and did the work kind

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Speaker 5: of on his own and then proved that it actually worked,

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Speaker 5: and it turns out to be one of the most effective.

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Speaker 5: It's the reason that breast cancer has gone from a

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Speaker 5: death sentence to so many people to now something that

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Speaker 5: you can say that this was a rough experience and

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Speaker 5: now I'm moving on with my life. Yeah, thank you

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Speaker 5: to the NIH, and thanks a lot RFK Junior Fort

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Speaker 5: and burning your way through that.

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Speaker 2: Yeah, Elon has to say in that as well. But

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Speaker 2: you know, I wanted you to share that again because

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Speaker 2: sometimes these things can feel very abstract, but you know,

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Speaker 2: cuts to medical research it's going to have a huge

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Speaker 2: impact because all of the new drug molecules that have

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Speaker 2: been developed over the past couple of decades, it's been

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Speaker 2: with public funding because of exactly the reason you talk

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Speaker 2: about what the drug company is, what they spend most

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Speaker 2: of their like research and development on, is like how

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Speaker 2: do I game the patent system? How do I do

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Speaker 2: a new formulation of viagra or ozebic or whatever is

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Speaker 2: their hot selling drugs, so that I can You're looking good.

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Speaker 3: You're hanging in there, Ryan, You're hanging.

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Speaker 4: In there, hanging in for now.

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Speaker 5: And the other thing that the dose folks are so

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Speaker 5: upset about is what they call overhead and these NIH grants, right,

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Speaker 5: and a conference or you know, a conference is the

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Speaker 5: definition of overhead. But differences are where into intellectual capacity

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Speaker 5: is exchanged.

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Speaker 2: The guy was sort of research is not alwaysquote unquote efficient, Right.

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Speaker 2: It requires sort of like you know, creative, haphazard process

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Speaker 2: that isn't going to necessarily be linear.

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Speaker 6: Yeah.

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Speaker 5: I've seen people say I only want to fund the

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Speaker 5: effective research. It's like, how do you know ahead of time? Like, yeah,

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Speaker 5: obviously scientists don't want to like spend years doing research

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Speaker 5: into something that turns out to be a whole hypothesis.

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Speaker 5: But another another example of overhead would be this guy

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Speaker 5: who he was apparently or is still to this day,

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Speaker 5: a hoarder of biopsy samples, like at UCLA had this

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Speaker 5: like absolutely massive freezer of biopsy samples from like years

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Speaker 5: and years and years, and that's overhead, Like that's expensive

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Speaker 5: to maintain, and there was it wasn't obvious that it

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Speaker 5: was going to necessarily yield a whole lot. But when

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Speaker 5: this new breakthrough came came around, he was then able

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Speaker 5: to test this against all of his old biopsies that

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Speaker 5: he had and get his graduate students working on it.

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Speaker 5: And that's how he was able to initially prove, without

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Speaker 5: a huge influx of money, that there was actually a

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Speaker 5: lot to this. So all of that would have been

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Speaker 5: they'd be like, you know, you'd have a you'd have

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Speaker 5: a twenty two.

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Speaker 4: Year old with a doge like little.

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Speaker 5: Lanyard saying why do you need to freeze all these biopsies?

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Speaker 5: Like this is this is done? Pull the plug on

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Speaker 5: this stuff.

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Speaker 3: Yeah.

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Speaker 2: Well, we are all really really happy for you and

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Speaker 2: your family and very relieved alongside you, so and thank

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Speaker 2: you for keeping everybody updated because I know, people were

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Speaker 2: definitely concerned and thinking.

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Speaker 3: About you guys.

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Speaker 4: Yeah, very relieving.

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Speaker 3: All right, let's check in with the Marcus this morning,

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Speaker 3: and what the hell is going on?

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Speaker 2: Latest in terrors. Apparently futures are down. It's nine thirteen,

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Speaker 2: so Marcus haven't opened yet. But I saw an article

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Speaker 2: on the CNBC website that Amazon sellers are starting to

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Speaker 2: hike their prices. And you know, that is kind of

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Speaker 2: where we are in the whole trade war situation. Is

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Speaker 2: we know, even if Trump wacks away from everything now,

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Speaker 2: there's still going to be pain and disruption that is coming.

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Speaker 2: What we don't know is the size and the scope

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Speaker 2: of that, And I don't think anyone really knows, but

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Speaker 2: we have a lot of indications that should be very

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Speaker 2: worrying to people. At the same time, you know, Trump

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Speaker 2: had backed off this Maximus China position, saying one hundred

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Speaker 2: and forty five percent tariffs. No one thinks that that

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Speaker 2: is going to last. He also indicated that there were

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Speaker 2: ongoing talks with China, to which China is saying, I

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Speaker 2: don't know what you're talking about. There are no ongoing talks.

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Speaker 2: So Trump got asked about this yesterday. Let's go ahead

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Speaker 2: and take a listen to what he had to say.

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Speaker 7: Yeah, please questions.

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Speaker 5: They're saying they.

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Speaker 8: Had a meeting this morning, so I can't tell you.

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Speaker 9: It doesn't matter who they is.

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Speaker 8: Later, but they had meetings this morning, and we've been

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Speaker 8: meeting with China, and so I think we have Jeff

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Speaker 8: as usual.

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Speaker 7: I think you have your reporting.

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Speaker 9: Well, thank you very much.

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Speaker 2: So there you go your thoughts. It doesn't matter they

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Speaker 2: are It's fine.

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Speaker 10: Yeah, this is their big I mean, listen, like, if

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Speaker 10: you are making deals, there's a way in which this

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Speaker 10: scenario is so much better for the Trump administration. If

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Speaker 10: you're like actually inking deals, countries are coming to you,

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Speaker 10: you have something on the table with China, and there's

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Speaker 10: a light at the end of the tunnel for people

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Speaker 10: who are looking for certainty in the American market, then

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Speaker 10: there's a world of which again like this, there's a

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Speaker 10: scenario in which this can the sort of bleeding can

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Speaker 10: be staunched.

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Speaker 7: And that's why where I don't know.

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Speaker 10: What you guys think, but for me, it seems like

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Speaker 10: there's increasing desperation to project that and maybe to use

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Speaker 10: it as a strategy to bring other people into deals

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Speaker 10: by publicly being like, yes, we're doing X, Y and Z,

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Speaker 10: and then there's not a ton of evidence of that.

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Speaker 10: The Japan does aster that Soccer and I covered earlier

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Speaker 10: in the week. I think probably rattled them a lot,

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Speaker 10: because this is not I don't I mean, I don't

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Speaker 10: want to say that they thought it was easy, because

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Speaker 10: I don't think anybody thought that this was easy. But

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Speaker 10: it's proving to be a lot harder than My guess

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Speaker 10: is that then they anticipated. And part of that is

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Speaker 10: probably because you guys have made this point the.

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Speaker 7: Way allies were roped in.

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Speaker 10: I think maybe that just people have lost trust, and

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Speaker 10: so it makes the deal making, the art of the

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Speaker 10: deal becomes a lot more difficult.

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Speaker 5: Well, it's it's really embarrassing for Trump here, and it's

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Speaker 5: almost rude now on the part of the press corps,

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Speaker 5: because this is like a situation where you've got some

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Speaker 5: guy who keeps telling everybody that he has that he

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Speaker 5: has a girlfriend in Canada. Everybody knows he has no

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Speaker 5: girlfriend in Canada, and the press is now being these

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Speaker 5: like jerks who like, actually investigate.

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Speaker 3: Is shan in Montreal?

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Speaker 4: What's the name of your girlfriend?

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Speaker 5: Scapschat Like look, it's like just just leave it alone,

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Speaker 5: Like he doesn't have a girlfriend.

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Speaker 4: There's no negotiations going on with China.

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Speaker 5: Like it's super embarrassing, Like, just leave this, Leave the

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Speaker 5: guy alone. The whole thing has been a total humiliation.

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Speaker 5: Just let him come to terms with it on his own.

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Speaker 5: But yes, your point is exactly right. He had he

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Speaker 5: had one play. His play was, I'm going to do

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Speaker 5: this thing, and China is going to cave to me.

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Speaker 5: You know what they're going to capitulate to. I'm not

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Speaker 5: sure because I don't even know what I'm necessarily asking for,

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Speaker 5: but they're going to cave and our allies are going

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Speaker 5: to stand with us. Instead, the allies shockingly got upset

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Speaker 5: that they were also attacked by Trump. They did not

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Speaker 5: stand with us, and China did not cave, and so

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Speaker 5: he has no Plan B.

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Speaker 4: Plan B is tanked the economy.

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Speaker 3: Yeah.

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Speaker 2: Well, and here's the thing is, like, even putting the

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Speaker 2: terriffs aside, this administration had gone out of its way

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Speaker 2: to be, you know, to piss off the Europeans, sending

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Speaker 2: jd Vance over there to like a to them about

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Speaker 2: their free speech, which you know they'll look, there are

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Speaker 2: some valid points there, but hey, buddy, have you seen

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Speaker 2: what your own administration is doing here at home.

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Speaker 5: We let people say whatever they want inside the van

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Speaker 5: on the way to the detention center that they're being right,

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Speaker 5: that's right against Israel. But inside that van they're free

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Speaker 5: to say whatever they want.

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Speaker 3: Let it fly, Let it fly. Yeah, and listen.

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Speaker 2: It's okay if you know you mostly okay if you

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Speaker 2: criticize our own government. Just god forbid you say anything

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Speaker 2: negative about Israel. But yeah, so you know, they they

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Speaker 2: went on like a world tour making it clear that

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Speaker 2: you can't rely on us and basically like we don't

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Speaker 2: like you, and piss off and then launch this trade

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Speaker 2: war against the entire world and are surprised when countries

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Speaker 2: are like, you know, if you're making me pick between

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Speaker 2: you guys in China. Number one, we get a lot

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Speaker 2: more stuff from China at this point than we give

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Speaker 2: from you.

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Speaker 3: And number two, you.

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Speaker 2: Made a crystal clear that you are not a good

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Speaker 2: and reliable partner and that you have nothing but utter

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Speaker 2: contempt and disdain for us. So perhaps there's another direction

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Speaker 2: that we should go in here. And then also this

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Speaker 2: is astonishing reporting from Jeff Stein, who just is you know,

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Speaker 2: incredible on all of these things. Apparently, you know, one

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Speaker 2: of the first moves that China made in retaliation was

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Speaker 2: to say, Okay, well, we've been spending all these years

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Speaker 2: locking up these rare earth supplies and you're not going

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Speaker 2: to get access to them anymore. You know, We've all like,

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Speaker 2: I don't really understand what these things are, but apparently

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Speaker 2: they're really important and you know, go into evs and

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Speaker 2: important for defense and all of these different things. And

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Speaker 2: this has been discussed for years and years, and yet

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Speaker 2: the Trump administration are only now holding these high level

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Speaker 2: meetings to try to figure out what to do about

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Speaker 2: the fact that China made the most obvious chess move

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Speaker 2: on the board out of the gates, which was to

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Speaker 2: block our access to this. Jeff Here says Beijing does

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Speaker 2: not feel like it is going to back down, and

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Speaker 2: that the US is in no position to dictate terms.

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Speaker 2: A bit big part of that is where Earth where

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Speaker 2: they feel they have the capacity to do significant harm

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Speaker 2: to American manufacturers. And they talk to people in this piece,

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Speaker 2: companies that rely on these and they're saying, you know,

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Speaker 2: they're already really drawing down their stock files and are

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Speaker 2: going to be in a very difficult situation if this

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Speaker 2: isn't resolved quickly. Meetings have involved White House, National Security Council,

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Speaker 2: National Economic Council, Council of Economic Advisor's, Commerce Department, Energy Department,

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Speaker 2: Office of the Trade rep among several other agencies. Financing,

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Speaker 2: capital financing, permitting, and other ideas kicked around, but timeline

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Speaker 2: for scaling up domestic capacity uncertain.

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Speaker 4: So apparently when you do that first.

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Speaker 3: You would think that you would have your in your

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Speaker 3: four deals.

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Speaker 5: Yeah, you might have.

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Speaker 2: Considered the most obvious thing that China could possibly do

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Speaker 2: to like hit you the hardest down of the gates.

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Speaker 5: Trump Trump brought his queen out on this like the

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Speaker 5: second move, Like that's that's what This.

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Speaker 10: Is not a kind way to refer to Peter Navarro.

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Speaker 5: Yes, actually yes, Peter navav is Trump queen. Trump brought

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Speaker 5: him out on his second move, and the queen is

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Speaker 5: now just dancing around the board. Anybody who plays chess

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Speaker 5: nos like one of the first things that a rookie

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Speaker 5: player does.

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Speaker 4: The queen is such a cool player.

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Speaker 10: It's an online chess obsessive by the way.

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Speaker 4: You bring it out right away.

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Speaker 5: But if you bring your queen out and there's and

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Speaker 5: you haven't done any prep for it, your Queen is

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Speaker 5: just going to get chased around the board while they

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Speaker 5: set up their positioning. Eventually it's going to get trapped

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Speaker 5: and killed, and then you're gonna get mauled. And that's

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Speaker 5: where he's in. The He's in the queen is trapped

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Speaker 5: position right now and next is us getting mauled.

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Speaker 7: The Libs won't let us mind the rarest.

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Speaker 5: Just you just tip your thing over and you give up.

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Speaker 5: Like so they just need somebody put needs to put

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Speaker 5: the finger on the top of Trump's orange head and

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Speaker 5: just tip it's over.

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Speaker 10: But he, I mean, he does have an uphill battle

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Speaker 10: to get the rarest mineral mining domestically done because that

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Speaker 10: has been and Ryan, you and I have talked about

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Speaker 10: that they're like all kinds of environmental obstacles to sing

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Speaker 10: that political and environmental obstacles to achieving them.

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Speaker 5: Yeah, and also manpower and industrial and yeah.

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Speaker 2: I mean, but we also don't have a stockpile of

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Speaker 2: everything that we would need, Like, we don't have everything

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Speaker 2: that we would need here. And you know my understanding

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Speaker 2: is and this is also part of you know what USAI.

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Speaker 2: Do you remember when Chris Murphy like accidentally told the

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Speaker 2: truth about what usaidea is about it's like, well, we

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Speaker 2: do a little bit of healthcare and then we get

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Speaker 2: access to like these minerals that we need, you know.

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Speaker 2: So we've been going in the opposite direction of securing

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Speaker 2: the lithium or whatever it is that is critical and

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Speaker 2: that we don't have sufficient quantities of. And apparently this

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Speaker 2: didn't really occur to the Trump administration until now. There's

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Speaker 2: one other piece of this that I wanted to touch on,

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Speaker 2: which I just think is extraordinary. So Charles Gasparta with

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Speaker 2: Fox News reports this. He says, scoop people inside the

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Speaker 2: Trump White House are alerting Wall Street executives that they

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Speaker 2: are nearing an agreement in principle on trade with India.

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Speaker 2: According to my sources who are senior Wall Street, which

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Speaker 2: ties to the White House, no details on timing, and

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Speaker 2: recall that we have been here before with Japan, only

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Speaker 2: to have the goal post change in terms renegotiated. But

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Speaker 2: if this holds, the India deal being in vision will

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Speaker 2: include agreed upon.

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Speaker 3: Goals and issues blah blah blah.

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Speaker 2: So and they think it could be potentially a template

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Speaker 2: for a deal with Japan, South Korean on Australia. So,

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Speaker 2: you know, The sub story here is that the administration,

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Speaker 2: as Emily was saying, seems kind of desperate to say, hey, there,

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Speaker 2: you know, I promise there are going to be deals

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Speaker 2: and we're really close with India, and that's that's going

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Speaker 2: to set off this you know, firestorm of deal making,

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Speaker 2: et cetera. But the headline here, which guess Brino seems

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Speaker 2: to not really notice, is wait a second, you're giving

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Speaker 2: Wall Street executives knowledge on things that are going to

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Speaker 2: be incredibly market moving at a time when we've seen

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Speaker 2: extraordinary volatility. And I mean, it's just like it's just

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Speaker 2: classic from this administration. It's it reminds once again of

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Speaker 2: Charles Schwab being in the White House and Trump bragging

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Speaker 2: about him making two point five billion dollars in a

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Speaker 2: single day based on Trump's moves to you know, roll

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Speaker 2: back some of the initial quote unquote reciprocal tariffs. So

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Speaker 2: now here you have this you know, administration aligned reporter.

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Speaker 2: It's like bragging about the fact that they're giving out

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Speaker 2: inside information to Wall Street executives so they can front

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Speaker 2: run Trump's announcements.

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Speaker 7: Here.

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Speaker 10: Well, and if this is real, I'd like to hear

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Speaker 10: more publicly about what that is not through leaks to reporters.

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Speaker 10: I would like to see, you know, if that's true.

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Speaker 10: It's obviously significant, which is why they're using it to ease.

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Speaker 7: Concerns on Wall Street.

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Speaker 10: But if it's true, they should be very public about

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Speaker 10: the details because I just I mean, that could go

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Speaker 10: in a lot of different directions and just vaguely gesturing

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Speaker 10: at it behind closed doors to Wall Street executives, I mean,

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Speaker 10: maybe it's not even insider trading. Maybe it's actually them

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Speaker 10: just trying to ease the markets without having anything to

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Speaker 10: back it up.

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Speaker 4: Actually, it could be, and that's an interesting point.

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Speaker 5: And I actually think in gas Reno's defense that he

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Speaker 5: did recognize what he was reporting and he phrased it

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Speaker 5: that way so that everybody else would see what was

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Speaker 5: going on, but that he'd maintained.

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Speaker 3: I don't think so.

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Speaker 2: Right, he's going back and forth with Wisenthal and a

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Speaker 2: bunch of other people on Twitter about how this is

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Speaker 2: not there's nothing to see here and it's no problem

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Speaker 2: and it's not insider trading.

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Speaker 5: Well, the separate reason it might not be undercider trading

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Speaker 5: is insider trading is when you get credible information that

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Speaker 5: you can act on what if this White House indible

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Speaker 5: not credible all, Like, okay, you talked to them. Like

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Speaker 5: when I dropped to L's an officer first appointment on Tuesday,

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Speaker 5: I saw Peter Navarro. I talked to him briefly. He's

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Speaker 5: not credible. I don't like, I don't care what he says,

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Speaker 5: like you can't you can't trade on that. And also

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Speaker 5: Trump is such an idiot that it gives other countries

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Speaker 5: huge advantages in these negotiations. Like if he had somebody

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Speaker 5: like Lightheiser in here telling him, here's what we need

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Speaker 5: from India from a strategic perspective from the United States,

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Speaker 5: then they could make an interesting deal with India that

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Speaker 5: might be useful to us.

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Speaker 4: He doesn't.

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00:19:04,280 --> 00:19:07,200
Speaker 5: He's got Navarro and he's got his own adult mind,

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Speaker 5: and so he's like, they don't we don't have enough

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Speaker 5: Fords on the roads in India. And so India knows

404
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Speaker 5: that he's such a moron that all he wants is

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Speaker 5: like to reduce the tariffs on American cars going into

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Speaker 5: India without understanding that you can do that, and we're

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Speaker 5: still not going to sell, you know, more than a

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Speaker 5: trivial number of American cars inside India for lots of

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Speaker 5: different reasons, and so they'll like be like, yeah, sure,

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Speaker 5: we'll lower our tariffs on your American cars. Uaw is happy,

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Speaker 5: he gets because he's a moron and it's the only

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Speaker 5: thing he understands. He's like, great, we won this. And

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Speaker 5: and in the end, you're barely going to sell any

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Speaker 5: extra cars into India. So can you trade on that? Like,

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Speaker 5: I guess you can try.

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Speaker 2: I mean sort of, since so much of the market

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Speaker 2: is just like vibes vies, you know, Like I do

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Speaker 2: think if they announced even something that was sort of

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Speaker 2: pathetic with India, there would be a big market spike

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Speaker 2: and they'd get all excited about the deals are coming,

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Speaker 2: et cetera, et cetera, a.

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Speaker 5: Short Indian car company and then you know, buy it

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Speaker 5: back in like twenty minutes and yeah, take some money.

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Speaker 3: Exactly, yeah, exactly.

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Speaker 2: All right, let's go ahead and move on to some

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Speaker 2: of the comments Trump made about Russia yesterday. I'm sure

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Speaker 2: you guys saw his Vladimir Stop truth social that you

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Speaker 2: put out, which is just incredible.

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Speaker 3: It really was giving for me.

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Speaker 2: Remember when Hillary said that she went to Wall Street

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Speaker 2: and told them to cut it out.

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Speaker 5: That's what it was.

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Speaker 3: That's what that tweet was giving for me.

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Speaker 5: Do not come, Vladimir, do not come right.

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Speaker 3: That's right, Kamala, that was her right.

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Speaker 10: No, it's giving Jersey shore Ron stop because Ryan gets it.

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Speaker 3: Ryan gets I'm.

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Speaker 7: Sorry, Crystal serious.

439
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Speaker 4: Oh you lost me?

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Speaker 3: All right?

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Speaker 2: So he gets asked about, you know, how he feels

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Speaker 2: about because Russia genuinely opened up, you know, a series

443
00:20:59,880 --> 00:21:02,600
Speaker 2: of new brutal strikes, including on Kiev, and so he

444
00:21:02,640 --> 00:21:04,320
Speaker 2: got asked about, Hey, I thought you were working with

445
00:21:04,359 --> 00:21:07,159
Speaker 2: these Russians. What's going on here with your buddy, with

446
00:21:07,240 --> 00:21:09,399
Speaker 2: your body, vlad Let's take a listener what he had

447
00:21:09,440 --> 00:21:11,880
Speaker 2: to say social post.

448
00:21:12,040 --> 00:21:16,360
Speaker 11: Use the words Vladimir stop. That seemed like a slightly

449
00:21:16,400 --> 00:21:19,760
Speaker 11: different message of personal message. What is your level of

450
00:21:19,800 --> 00:21:21,000
Speaker 11: frustration with President?

451
00:21:21,320 --> 00:21:25,000
Speaker 8: I didn't I wasn't happy with it, and we're in

452
00:21:25,040 --> 00:21:29,000
Speaker 8: the midst of talken peace and missiles were fired and

453
00:21:29,240 --> 00:21:31,760
Speaker 8: I was not happy with it. That's what I meant,

454
00:21:31,840 --> 00:21:36,240
Speaker 8: and that's you know, I assume that.

455
00:21:36,960 --> 00:21:40,800
Speaker 11: Sorry that if the bombs keep falling, will you consider

456
00:21:40,840 --> 00:21:44,200
Speaker 11: additional sanctions toward Russia? Or what will you do if

457
00:21:44,240 --> 00:21:45,359
Speaker 11: President Putin does.

458
00:21:45,320 --> 00:21:47,439
Speaker 8: Not question in a week, I want to see if

459
00:21:47,440 --> 00:21:49,800
Speaker 8: we can have a deal. No reason to answer it that,

460
00:21:49,920 --> 00:21:51,119
Speaker 8: but I won't be happy.

461
00:21:51,200 --> 00:21:52,120
Speaker 10: Let me put it that way.

462
00:21:52,960 --> 00:21:54,200
Speaker 11: Things things will happen.

463
00:21:55,359 --> 00:21:57,479
Speaker 10: You're not putting more pressure on Russia.

464
00:21:57,520 --> 00:21:58,240
Speaker 11: I know a lot of.

465
00:21:58,200 --> 00:21:59,600
Speaker 4: Europeans would like to see that.

466
00:22:00,000 --> 00:22:01,560
Speaker 8: You know what pressure I'm putting on Russia?

467
00:22:01,600 --> 00:22:02,159
Speaker 9: They're dealing.

468
00:22:02,800 --> 00:22:04,840
Speaker 8: You have no idea what pressure I'm putting around. You're

469
00:22:04,840 --> 00:22:05,480
Speaker 8: putting a lot of.

470
00:22:05,560 --> 00:22:09,919
Speaker 9: Pressure, I'm sure are you putting on the Russia in Russia?

471
00:22:10,080 --> 00:22:12,480
Speaker 8: And Russia knows and some people that are close to

472
00:22:12,520 --> 00:22:15,399
Speaker 8: would know, or he wouldn't be talking right now. The

473
00:22:15,440 --> 00:22:18,200
Speaker 8: Prime Minister understands that better than anybody. He wouldn't be

474
00:22:18,280 --> 00:22:21,160
Speaker 8: talking right now. He's talking, and we're putting a lot

475
00:22:21,160 --> 00:22:22,720
Speaker 8: of pressure. I think he wants to make a deal.

476
00:22:22,760 --> 00:22:25,199
Speaker 8: We're going to find out very soon. But it takes

477
00:22:25,240 --> 00:22:28,639
Speaker 8: two to tango, and you have to have Ukraine want

478
00:22:28,680 --> 00:22:31,439
Speaker 8: to make a deal too, and they're being hit very hard,

479
00:22:32,280 --> 00:22:34,400
Speaker 8: and I do believe they want to make a deal.

480
00:22:35,000 --> 00:22:37,000
Speaker 2: So and this turns out to be the longest twenty

481
00:22:37,000 --> 00:22:38,919
Speaker 2: four hours in history, since he said he was going

482
00:22:38,920 --> 00:22:40,560
Speaker 2: to get this deal in twenty four hours from the

483
00:22:40,560 --> 00:22:42,399
Speaker 2: time that he's inaugurated and By the way, I just

484
00:22:42,440 --> 00:22:44,920
Speaker 2: got a news alert on my phone that a senior

485
00:22:45,000 --> 00:22:48,040
Speaker 2: Russian officer was killed in a car explosion near Moscow.

486
00:22:48,160 --> 00:22:51,959
Speaker 2: So almost certainly you know Ukrainian ops going on, and

487
00:22:52,119 --> 00:22:54,440
Speaker 2: this is a pattern we've seen from them before, sort

488
00:22:54,480 --> 00:22:58,240
Speaker 2: of potential retaliation for what for these strikes within Ukraine.

489
00:22:58,560 --> 00:23:01,320
Speaker 7: And let's just pull those social post up. This was

490
00:23:01,359 --> 00:23:02,720
Speaker 7: from Thursday.

491
00:23:02,800 --> 00:23:05,400
Speaker 10: I'm not happy with Russian strikes and Kiev not necessary

492
00:23:05,440 --> 00:23:08,760
Speaker 10: and very bad timing. Vladimir stop five thousand shoulders a

493
00:23:08,760 --> 00:23:11,000
Speaker 10: week or dying, let the peace deal get done.

494
00:23:11,080 --> 00:23:13,000
Speaker 7: So that's what he was being asked about.

495
00:23:13,280 --> 00:23:18,080
Speaker 10: And I mean he Another interesting thing about Trump is

496
00:23:18,920 --> 00:23:21,200
Speaker 10: what we just saw him being like, you have no

497
00:23:21,320 --> 00:23:24,359
Speaker 10: idea what's happening behind the scenes, which of course is

498
00:23:24,400 --> 00:23:27,119
Speaker 10: why the press is there to kind of sus some

499
00:23:27,200 --> 00:23:29,800
Speaker 10: of that out. But it's just his This is why

500
00:23:29,880 --> 00:23:32,000
Speaker 10: he thought he could end it in twenty four hours,

501
00:23:32,040 --> 00:23:35,320
Speaker 10: because maybe he'll land the plane, Like maybe he'll be

502
00:23:35,359 --> 00:23:37,159
Speaker 10: able to land the plane in a couple of days.

503
00:23:37,160 --> 00:23:39,920
Speaker 10: And I think the outlines of the peace plan look

504
00:23:40,200 --> 00:23:43,200
Speaker 10: like pretty legitimate that we've seen and look like they

505
00:23:43,240 --> 00:23:45,560
Speaker 10: can be worked with. But all along everyone has said

506
00:23:45,600 --> 00:23:49,439
Speaker 10: Putin will gesture at this and not ultimately be serious

507
00:23:49,440 --> 00:23:50,280
Speaker 10: about any of it.

508
00:23:50,960 --> 00:23:53,240
Speaker 7: And does Trump end up I don't.

509
00:23:53,119 --> 00:23:56,520
Speaker 10: Want to use the phrase taking that bait, but does

510
00:23:56,760 --> 00:23:59,080
Speaker 10: does he end up just with egg on his face

511
00:23:59,119 --> 00:24:02,200
Speaker 10: and Putin just walking away? It seems like that's what's

512
00:24:02,359 --> 00:24:04,560
Speaker 10: inching closer and closer to the reality.

513
00:24:04,880 --> 00:24:07,359
Speaker 2: I mean, Ryan, when jd Vance and then Trump like

514
00:24:07,440 --> 00:24:10,520
Speaker 2: exploded on Zelensky in the Oval office, that was basically

515
00:24:10,520 --> 00:24:12,399
Speaker 2: what he was trying to say. It's like, you can't

516
00:24:12,560 --> 00:24:15,000
Speaker 2: you know, it's very hard to negotiate with these people.

517
00:24:15,040 --> 00:24:18,040
Speaker 2: And I mean in a sense, I'm somewhat sympathetic because

518
00:24:18,160 --> 00:24:20,119
Speaker 2: I just don't think there are any easier answers at

519
00:24:20,119 --> 00:24:20,560
Speaker 2: this point.

520
00:24:20,640 --> 00:24:20,840
Speaker 7: You know.

521
00:24:21,080 --> 00:24:23,520
Speaker 2: The time to deal really ideally was at the beginning

522
00:24:23,560 --> 00:24:26,120
Speaker 2: of this war, with the peace negotiations that Biden intentionally

523
00:24:26,119 --> 00:24:29,040
Speaker 2: blew up because they thought they could play regime change.

524
00:24:29,080 --> 00:24:30,160
Speaker 3: You know games.

525
00:24:30,600 --> 00:24:34,359
Speaker 2: And now here we are in a situation where Zolensky

526
00:24:34,359 --> 00:24:37,080
Speaker 2: does not want to give up anything, including CRIMEA, and

527
00:24:37,119 --> 00:24:38,880
Speaker 2: the Russians are like, why should we deal?

528
00:24:39,080 --> 00:24:41,280
Speaker 3: Like we're in a strong position. We can just lock

529
00:24:41,320 --> 00:24:42,760
Speaker 3: in here for the long term.

530
00:24:43,560 --> 00:24:46,239
Speaker 5: Yeah, And the Trump administration is trying to give them

531
00:24:46,280 --> 00:24:47,879
Speaker 5: as much as they can think of. It seems like

532
00:24:48,280 --> 00:24:52,840
Speaker 5: he's you know, they're offering recognition of Crimea as Russian territory,

533
00:24:52,880 --> 00:24:57,560
Speaker 5: and they're offering you know, significant amounts of Ukrainian territory

534
00:24:57,600 --> 00:25:01,320
Speaker 5: as recognized you know, Russian territory. And the thing that

535
00:25:01,320 --> 00:25:05,800
Speaker 5: Trump says, he's uh that he's that that Putin is

536
00:25:05,880 --> 00:25:10,040
Speaker 5: conceding in exchange is not taking over the entire country, which,

537
00:25:10,560 --> 00:25:13,960
Speaker 5: unfortunately for the Ukrainians at this point, does appear to

538
00:25:14,000 --> 00:25:18,119
Speaker 5: be an actual concession because you know, the Russians, you know,

539
00:25:18,160 --> 00:25:21,320
Speaker 5: have the industrial capacity and the manpower capacity to to

540
00:25:21,440 --> 00:25:24,760
Speaker 5: continue this war. Now, if they did try to take

541
00:25:24,800 --> 00:25:28,399
Speaker 5: over all of Ukraine, they would face a decades long

542
00:25:28,680 --> 00:25:32,000
Speaker 5: kind of insurgency funded by the United States. Victoria Neulan

543
00:25:32,080 --> 00:25:33,640
Speaker 5: said that like out loud.

544
00:25:34,200 --> 00:25:34,880
Speaker 4: I think it was on.

545
00:25:34,920 --> 00:25:38,480
Speaker 5: NPR, or maybe she said it in congressional testimony. She said,

546
00:25:38,480 --> 00:25:40,639
Speaker 5: you know, if when it when it looked like Russia

547
00:25:40,760 --> 00:25:42,920
Speaker 5: was going to like roll in to keieve and take it,

548
00:25:43,320 --> 00:25:45,080
Speaker 5: she was saying, well, you know, look out, because we're

549
00:25:45,080 --> 00:25:48,360
Speaker 5: going to fund a guerrilla campaign against you and and

550
00:25:48,440 --> 00:25:51,320
Speaker 5: just bleed you for for decades to come.

551
00:25:51,720 --> 00:25:52,000
Speaker 3: Wow.

552
00:25:52,240 --> 00:25:54,520
Speaker 5: And in some ways US would almost prefer that from

553
00:25:54,520 --> 00:25:57,159
Speaker 5: a strategic perspective, because then they get to you know,

554
00:25:57,480 --> 00:26:03,359
Speaker 5: fund their guerrilla campaign and cause lots of problems for Russia. So,

555
00:26:04,440 --> 00:26:06,720
Speaker 5: you know, so Putin has to look at that as

556
00:26:06,720 --> 00:26:09,359
Speaker 5: a cost of doing business there, Like does he just

557
00:26:09,400 --> 00:26:13,119
Speaker 5: want to take them take a massive win here sees

558
00:26:13,240 --> 00:26:15,480
Speaker 5: enormous amounts of Ukrainian It seems like he wants to

559
00:26:15,760 --> 00:26:18,359
Speaker 5: you know, push you know deeper into the Black Sea

560
00:26:19,080 --> 00:26:23,560
Speaker 5: and fully turn Ukraine into a you know, complete rump country.

561
00:26:23,760 --> 00:26:27,640
Speaker 5: That that then he can he can go back to

562
00:26:27,680 --> 00:26:30,000
Speaker 5: the original Russian plan for Ukraine, which was to have

563
00:26:30,720 --> 00:26:34,960
Speaker 5: of the Ukrainian friendly you know, proxy government now in

564
00:26:35,119 --> 00:26:39,440
Speaker 5: place in Kiev. It would be a nominally sovereign country,

565
00:26:39,840 --> 00:26:42,680
Speaker 5: but effectively kind of under the sway of Russia.

566
00:26:43,400 --> 00:26:46,159
Speaker 2: Yeah, I think the the you know, this is in

567
00:26:46,200 --> 00:26:48,119
Speaker 2: some ways the least important part. But I think the

568
00:26:48,119 --> 00:26:50,639
Speaker 2: politics here are difficult for Trump too. Like everybody likes

569
00:26:50,680 --> 00:26:53,080
Speaker 2: the idea of him coming to the table and trying

570
00:26:53,080 --> 00:26:54,760
Speaker 2: to get some sort of a peace deal and end

571
00:26:54,760 --> 00:26:58,600
Speaker 2: this conflict, but the public is very negative on the

572
00:26:58,640 --> 00:27:03,600
Speaker 2: idea of Russia being able to annex Ukrainian territory. And

573
00:27:03,880 --> 00:27:06,600
Speaker 2: you know, I think we obviously saw with the end

574
00:27:06,600 --> 00:27:09,920
Speaker 2: of the Afghanistan war, the way that winding these conflicts down,

575
00:27:10,320 --> 00:27:12,040
Speaker 2: when you have to actually deal with the reality of

576
00:27:12,040 --> 00:27:15,199
Speaker 2: where things are, you know, it can be very ugly. So,

577
00:27:16,200 --> 00:27:19,360
Speaker 2: you know, I when you're looking at we've been covering

578
00:27:19,400 --> 00:27:21,000
Speaker 2: this week some of the you know, the polls in

579
00:27:21,040 --> 00:27:22,879
Speaker 2: the fall and approval rating and where Trump is on

580
00:27:22,960 --> 00:27:26,000
Speaker 2: various issues. His foreign policy is now one of his

581
00:27:26,320 --> 00:27:29,520
Speaker 2: lowest rated issue areas when you ask, you know, how

582
00:27:29,560 --> 00:27:31,240
Speaker 2: do you think he's doing? And I do think that

583
00:27:31,280 --> 00:27:33,480
Speaker 2: this is part of it because you know, and this

584
00:27:33,560 --> 00:27:36,080
Speaker 2: part I'm not sympathetic too. He said We're going to

585
00:27:36,080 --> 00:27:37,600
Speaker 2: have a deal in twenty four hours. He made it

586
00:27:37,680 --> 00:27:39,920
Speaker 2: seem like this would be easy. Psy, I've got a plan,

587
00:27:40,000 --> 00:27:42,199
Speaker 2: don't worry, We're going to get it done. And that

588
00:27:42,320 --> 00:27:44,640
Speaker 2: was just not honest, Like, it just wasn't either He's

589
00:27:44,640 --> 00:27:47,600
Speaker 2: a complete fool, I mean fully and a liar. But yeah,

590
00:27:47,720 --> 00:27:49,280
Speaker 2: so I think it could be all of the above.

591
00:27:50,320 --> 00:27:52,639
Speaker 10: And you know, honestly, again, like I didn't think that

592
00:27:52,800 --> 00:27:56,879
Speaker 10: was completely insane because well, first of all, what they

593
00:27:56,920 --> 00:28:01,840
Speaker 10: did with the ceasefire, the first ceasefire all apart was

594
00:28:02,200 --> 00:28:06,600
Speaker 10: start working with the Biden administration and pressuring the Biden administration,

595
00:28:06,960 --> 00:28:10,320
Speaker 10: and they were able to just sort of make something work. Now,

596
00:28:10,440 --> 00:28:12,640
Speaker 10: U can I think is you know, obviously, because it's

597
00:28:12,680 --> 00:28:15,359
Speaker 10: it's they're looking to something very very long term, like

598
00:28:15,480 --> 00:28:19,360
Speaker 10: a demilitarized zone, like conversations about those types of things

599
00:28:19,480 --> 00:28:21,800
Speaker 10: is going to be a very very heavy lift. But

600
00:28:21,920 --> 00:28:24,600
Speaker 10: at least having like a significant breakthrough in the first

601
00:28:24,600 --> 00:28:26,800
Speaker 10: twenty four hours didn't seem completely insane.

602
00:28:27,880 --> 00:28:29,879
Speaker 7: But I'd prove me wrong.

603
00:28:30,600 --> 00:28:34,800
Speaker 10: It really proved me wrong because it just hasn't the

604
00:28:34,800 --> 00:28:39,480
Speaker 10: the attempts so far to operate, like to do an

605
00:28:39,600 --> 00:28:44,200
Speaker 10: art of the deal on Putin. Uh, it's that's not

606
00:28:44,240 --> 00:28:47,920
Speaker 10: Trump one point zero anymore. It's it's not quite the same.

607
00:28:48,120 --> 00:28:51,000
Speaker 10: So we'll see if you can land the plane. I mean,

608
00:28:51,040 --> 00:28:53,040
Speaker 10: it's possible, And this is actually I mean, it would

609
00:28:53,040 --> 00:28:54,720
Speaker 10: be a good thing. It would be a good thing

610
00:28:54,920 --> 00:28:59,200
Speaker 10: if he could land the plane. Yeah, land the plane

611
00:28:59,200 --> 00:29:03,240
Speaker 10: on the road. But that's not like I'm genuinely cheering

612
00:29:03,400 --> 00:29:06,280
Speaker 10: for them to land this plane. Because this absolutely looks

613
00:29:06,320 --> 00:29:09,240
Speaker 10: like something that could have been negotiated by the Biden

614
00:29:09,240 --> 00:29:13,480
Speaker 10: administration a year plus ago and at the time, every

615
00:29:13,520 --> 00:29:14,720
Speaker 10: single Yeah, yeah.

616
00:29:15,200 --> 00:29:17,800
Speaker 4: That's update on our first segment.

617
00:29:17,840 --> 00:29:20,160
Speaker 5: By the way, on China, producer Griffin sent this to

618
00:29:20,200 --> 00:29:24,280
Speaker 5: our chat. Trump told Time Magazine that she called him

619
00:29:24,320 --> 00:29:26,760
Speaker 5: and the Chinese embassy is denying it.

620
00:29:27,400 --> 00:29:30,000
Speaker 4: Like, so, not only is he claiming that there are non.

621
00:29:29,840 --> 00:29:33,280
Speaker 5: Existent talks that are happening between they, he said his

622
00:29:33,440 --> 00:29:37,400
Speaker 5: Canadian girlfriend like visited him over the weekend, and the

623
00:29:37,440 --> 00:29:40,240
Speaker 5: Canadian girlfriend is like, no, we're not.

624
00:29:40,200 --> 00:29:43,640
Speaker 3: We're not We're not together. No, I've never seen I

625
00:29:43,680 --> 00:29:44,200
Speaker 3: don't even know what.

626
00:29:44,240 --> 00:29:46,080
Speaker 4: This person is, not even not even unofficial.

627
00:29:46,840 --> 00:29:47,640
Speaker 7: He's just talking to.

628
00:29:47,600 --> 00:29:49,560
Speaker 10: Like a Chinese businessman or something.

629
00:29:49,640 --> 00:29:53,720
Speaker 2: Yeah, somebody called him and was like, hey, Howard Stern

630
00:29:53,800 --> 00:29:54,320
Speaker 2: pranked him.

631
00:29:54,720 --> 00:29:59,080
Speaker 5: Like He's like, I have three trillion dollars in trade

632
00:29:59,080 --> 00:30:01,160
Speaker 5: locked up in an account. If you send a billion

633
00:30:01,200 --> 00:30:03,200
Speaker 5: dollars to this account, I can unlock it.

634
00:30:03,160 --> 00:30:04,760
Speaker 3: And show your Social Security number.

635
00:30:07,560 --> 00:30:09,680
Speaker 5: And for some reason it has to be it has

636
00:30:09,720 --> 00:30:11,560
Speaker 5: to be in crypto, has to be in Trump coin.

637
00:30:13,080 --> 00:30:15,360
Speaker 2: This is one of the interesting Like he does seem

638
00:30:15,440 --> 00:30:18,600
Speaker 2: like so desperate for this conversation, keeps asking for it,

639
00:30:18,720 --> 00:30:19,720
Speaker 2: keeps doing I mean, they.

640
00:30:19,560 --> 00:30:23,280
Speaker 7: Have to the inauguration, that's right, Yeah, that's right.

641
00:30:23,320 --> 00:30:25,080
Speaker 5: And also, if he wanted to meet with she, all

642
00:30:25,080 --> 00:30:28,840
Speaker 5: he had to do was send out a polite request,

643
00:30:29,640 --> 00:30:32,880
Speaker 5: like She's entire thing is China is not going to

644
00:30:32,880 --> 00:30:35,360
Speaker 5: be bullied and humiliated. And that's been his thing since

645
00:30:35,400 --> 00:30:39,560
Speaker 5: he became premiere. Right, That's all he wants is to

646
00:30:39,600 --> 00:30:42,680
Speaker 5: be treated with respect, and it's the only thing Trump

647
00:30:42,680 --> 00:30:45,600
Speaker 5: won't do, so weird.

648
00:30:45,960 --> 00:30:49,960
Speaker 3: Yeah, yeah, no understanding of the psychology.

649
00:30:49,400 --> 00:30:51,440
Speaker 4: There, ask him anything to be nice.

650
00:30:51,880 --> 00:30:52,760
Speaker 3: Yeah.

651
00:30:52,800 --> 00:30:55,680
Speaker 2: And the other thing that's funny, just as a side note, is,

652
00:30:56,040 --> 00:30:59,400
Speaker 2: you know, the Canadians have their elections next week, and

653
00:30:59,480 --> 00:31:03,959
Speaker 2: the way that Trump has like rallied liberals around Canadian

654
00:31:04,400 --> 00:31:08,960
Speaker 2: patriotism and opposition to him is truly extraordinary. And you

655
00:31:09,000 --> 00:31:12,040
Speaker 2: know he's sort of having that effect of like unifying

656
00:31:12,080 --> 00:31:16,680
Speaker 2: the world against us and bolstering some of the like

657
00:31:16,760 --> 00:31:21,880
Speaker 2: sort of liberal internationalist forces that he's ideologically most opposed to.

658
00:31:22,960 --> 00:31:27,920
Speaker 5: This is like James Uchanon level like incompetence, Like it's

659
00:31:27,960 --> 00:31:30,760
Speaker 5: it's incredible. None of this had to ask that every

660
00:31:30,760 --> 00:31:34,560
Speaker 5: other tongue, but every other crisis that a president has

661
00:31:34,600 --> 00:31:39,400
Speaker 5: faced has had some external element to it, right, that

662
00:31:39,480 --> 00:31:42,400
Speaker 5: was out of their control. Right, And then they screwed

663
00:31:42,440 --> 00:31:45,080
Speaker 5: it up or they responded well to it. He created

664
00:31:45,120 --> 00:31:49,920
Speaker 5: this and then responded terribly to it. Yeah, it's utterly incredible.

665
00:31:50,120 --> 00:31:52,320
Speaker 2: I mean, if you're going to take if you're going

666
00:31:52,400 --> 00:31:56,400
Speaker 2: to try to do some global economic reordering, right, like

667
00:31:56,760 --> 00:31:59,480
Speaker 2: you know, we're going to get rid of the Breton

668
00:31:59,480 --> 00:32:02,000
Speaker 2: Woods system and we're going to figure out this, you know,

669
00:32:02,120 --> 00:32:04,000
Speaker 2: like the thing that Janis Verifac has laid out that

670
00:32:04,040 --> 00:32:07,200
Speaker 2: he thought the dambit was here, Like we're gonna maintain

671
00:32:07,280 --> 00:32:10,040
Speaker 2: the dollars reserve currency, and we're going to get the

672
00:32:10,040 --> 00:32:13,960
Speaker 2: Treasury bond yields down, and we're gonna use these stable

673
00:32:14,040 --> 00:32:16,760
Speaker 2: coins to force people to stay on the dollar. But

674
00:32:16,960 --> 00:32:18,880
Speaker 2: we're going to reduce the trade and balances so that

675
00:32:18,920 --> 00:32:22,640
Speaker 2: we can reindustrialize. Like, if you're going to do this giant,

676
00:32:22,800 --> 00:32:27,840
Speaker 2: extremely risky, massive gambit, like there needs to be some

677
00:32:27,960 --> 00:32:31,200
Speaker 2: thought in preparation put into into this. And I mean,

678
00:32:31,240 --> 00:32:33,000
Speaker 2: I don't even know if I buy that that was

679
00:32:33,040 --> 00:32:35,320
Speaker 2: the level of you know, maybe some people had some

680
00:32:35,400 --> 00:32:38,840
Speaker 2: ideas about that. Maybe you know, to me, for Trump,

681
00:32:38,960 --> 00:32:41,000
Speaker 2: he just likes terrists because it gives him power and

682
00:32:41,040 --> 00:32:44,280
Speaker 2: control and you know, puts him in the position of

683
00:32:44,320 --> 00:32:47,080
Speaker 2: being this ultimate deal maker, and I think he likes that.

684
00:32:47,440 --> 00:32:49,640
Speaker 2: I don't know that he was doing all the like, oh,

685
00:32:49,680 --> 00:32:51,640
Speaker 2: the dollar will do this, and the reserve, you know,

686
00:32:51,720 --> 00:32:55,000
Speaker 2: the bonds will do that, and here's how we'll rectify

687
00:32:55,000 --> 00:32:57,200
Speaker 2: the trade ballot, and here's why we're getting right. Like,

688
00:32:57,240 --> 00:32:58,920
Speaker 2: I'm not sure that he was operating on that level.

689
00:32:58,920 --> 00:33:01,320
Speaker 2: I think he just instinctively likes terraces because he likes

690
00:33:01,560 --> 00:33:04,800
Speaker 2: the feeling of being in that position. But if you're

691
00:33:04,840 --> 00:33:07,160
Speaker 2: going to go for it like this, you have to

692
00:33:07,240 --> 00:33:09,680
Speaker 2: have thought through. Okay, here's how the world's going to respond,

693
00:33:09,720 --> 00:33:12,240
Speaker 2: here's how China's responded, here's how we're going to support

694
00:33:12,240 --> 00:33:14,960
Speaker 2: our small businesses. Here's how we're going to lock down

695
00:33:15,000 --> 00:33:19,160
Speaker 2: our rare earth mineral supplies. And none of that happened. Yeah,

696
00:33:19,160 --> 00:33:22,480
Speaker 2: And that was never more clear than when we learned

697
00:33:22,520 --> 00:33:25,240
Speaker 2: that the way that the terrorists got rolled back was

698
00:33:25,240 --> 00:33:28,800
Speaker 2: because Peter Navarro was tricked into going to some meeting

699
00:33:28,840 --> 00:33:31,120
Speaker 2: on the other side of the White House and Bessett

700
00:33:31,120 --> 00:33:33,880
Speaker 2: and Lutnick are able to sweep in and force Trump

701
00:33:33,960 --> 00:33:35,960
Speaker 2: to type out the tweet in real time while they're

702
00:33:35,960 --> 00:33:36,680
Speaker 2: sitting right there.

703
00:33:37,040 --> 00:33:42,880
Speaker 5: And I think Trump one was able successfully to jawbone

704
00:33:43,200 --> 00:33:46,960
Speaker 5: Mohammed bin Salmon twice into making moves on oil prices

705
00:33:47,000 --> 00:33:50,720
Speaker 5: that he wanted, which changed changed the global economy in

706
00:33:50,800 --> 00:33:54,920
Speaker 5: directions that were favorable in each case to Trump. And

707
00:33:54,960 --> 00:33:58,920
Speaker 5: he was also able to jawbone Powell into lowering interest

708
00:33:58,960 --> 00:34:02,560
Speaker 5: rates twenty nineteen and twenty twenty, and Janet Yellen is

709
00:34:02,800 --> 00:34:05,280
Speaker 5: as well in the early days. And so I think

710
00:34:05,320 --> 00:34:08,960
Speaker 5: that like he took that experience away. It's like, oh,

711
00:34:08,960 --> 00:34:11,880
Speaker 5: I could like tweet at these people and use American

712
00:34:11,960 --> 00:34:15,799
Speaker 5: power and they will do these things for me, and

713
00:34:15,840 --> 00:34:17,760
Speaker 5: then he extended it to the entire world.

714
00:34:18,000 --> 00:34:20,560
Speaker 2: I also think they live in the sense of unreality

715
00:34:20,960 --> 00:34:24,360
Speaker 2: and because genuinely, like you know and Trump one point zero,

716
00:34:24,520 --> 00:34:27,840
Speaker 2: they did some tariffs, like there was some protectionist policy.

717
00:34:28,160 --> 00:34:31,000
Speaker 2: There was a lot of economists freak out about prices

718
00:34:31,000 --> 00:34:33,120
Speaker 2: are going to go up and it's going to escalate,

719
00:34:33,160 --> 00:34:35,680
Speaker 2: and it's going to be tit for tat, and that

720
00:34:36,040 --> 00:34:38,759
Speaker 2: you know, there were not no impacts. There were impacts,

721
00:34:38,960 --> 00:34:43,440
Speaker 2: but it was not this sort of more catastrophic scenario

722
00:34:43,520 --> 00:34:46,480
Speaker 2: that some had sketched out. And so I don't know,

723
00:34:46,560 --> 00:34:48,640
Speaker 2: I just I also feel like there's an element of

724
00:34:48,680 --> 00:34:51,920
Speaker 2: their brains are so cooked by being online all the

725
00:34:51,920 --> 00:34:55,440
Speaker 2: time where nothing ever feels like it's real. Everything exists

726
00:34:55,480 --> 00:34:59,640
Speaker 2: in this state of like suspended or mirror reality that

727
00:35:00,080 --> 00:35:03,200
Speaker 2: they can't really comprehend that what you're doing is going

728
00:35:03,280 --> 00:35:08,520
Speaker 2: to have these like real, massive, reverberating, terrible impacts with

729
00:35:08,719 --> 00:35:11,239
Speaker 2: no real compensating upside on the other side of it.

730
00:35:11,560 --> 00:35:14,040
Speaker 7: I think it's their brains are like that.

731
00:35:14,120 --> 00:35:17,919
Speaker 10: It's this on the LIBS reflex and the idea, it's

732
00:35:18,160 --> 00:35:20,400
Speaker 10: it's in a way, but the idea was just basically

733
00:35:20,400 --> 00:35:23,000
Speaker 10: to give a middle finger to the global financial system

734
00:35:23,320 --> 00:35:27,080
Speaker 10: and say, because the chips are in the US hand,

735
00:35:28,360 --> 00:35:31,640
Speaker 10: that it'll be the shock to the global financial system

736
00:35:31,719 --> 00:35:35,239
Speaker 10: automatically will reward the United States in the long term

737
00:35:35,320 --> 00:35:39,400
Speaker 10: because just giving the giving everyone else the middle finger

738
00:35:39,440 --> 00:35:41,960
Speaker 10: and exploding the foundation of the global financial system, that

739
00:35:42,040 --> 00:35:45,040
Speaker 10: will just people will have to come to United States.

740
00:35:45,080 --> 00:35:47,920
Speaker 10: And you can see the kind of like logic behind

741
00:35:47,960 --> 00:35:52,320
Speaker 10: that argument. But what happens in the immediate aftermath of

742
00:35:52,800 --> 00:35:54,839
Speaker 10: you have to like if you if you buy that,

743
00:35:55,400 --> 00:35:58,520
Speaker 10: and that's your philosophy, you have to manage really carefully,

744
00:35:59,239 --> 00:36:02,400
Speaker 10: even by your own even by your own argument and

745
00:36:02,440 --> 00:36:05,080
Speaker 10: your own strategy, which is told, just blow things up,

746
00:36:05,480 --> 00:36:07,800
Speaker 10: you have to then augment it with all kinds of

747
00:36:07,800 --> 00:36:10,240
Speaker 10: different policies. The chips are not just going to fall

748
00:36:10,680 --> 00:36:13,280
Speaker 10: in a way that's automatically better for the United States

749
00:36:13,320 --> 00:36:15,920
Speaker 10: when you also have China on the other side offering

750
00:36:16,040 --> 00:36:18,960
Speaker 10: all of these other alternatives. So I think a lot

751
00:36:18,960 --> 00:36:23,480
Speaker 10: of it was just screw everyone. They will come crawling

752
00:36:23,520 --> 00:36:28,719
Speaker 10: back to us. And that's where the details got completely

753
00:36:29,560 --> 00:36:31,600
Speaker 10: I don't want to say like overlooked or lost. I

754
00:36:31,600 --> 00:36:36,239
Speaker 10: think the details were like intentionally not ironed out by

755
00:36:36,560 --> 00:36:40,560
Speaker 10: the President's inner circle and the President himself because it

756
00:36:40,640 --> 00:36:42,000
Speaker 10: was like that'll be fine.

757
00:36:42,640 --> 00:36:45,440
Speaker 2: It was just like a gut instinctive, which I mean

758
00:36:45,480 --> 00:36:47,799
Speaker 2: even Trump said like I'm just doing this by my gut,

759
00:36:47,920 --> 00:36:51,560
Speaker 2: Like that's insane. We're going to talk more about the

760
00:36:51,640 --> 00:36:53,680
Speaker 2: some of the stuff going on with the Democrats in

761
00:36:53,760 --> 00:36:55,960
Speaker 2: the premium portion of the show, but I did want

762
00:36:55,960 --> 00:36:58,440
Speaker 2: to ask you guys. Did you guys see Hennania's tweet

763
00:36:58,480 --> 00:37:00,480
Speaker 2: where he was like, AOC is going to be the

764
00:37:00,480 --> 00:37:02,400
Speaker 2: Democratic nominee and these people are going to make me

765
00:37:02,600 --> 00:37:03,840
Speaker 2: like have to vote for her.

766
00:37:03,960 --> 00:37:08,200
Speaker 3: And I've something to us. I don't know that you

767
00:37:08,239 --> 00:37:10,600
Speaker 3: read everything. I said them, Oh, I do.

768
00:37:10,760 --> 00:37:13,520
Speaker 2: But but I was thinking about that, and also I

769
00:37:13,560 --> 00:37:16,600
Speaker 2: was thinking about I think it was Wisenthal who tweeted out,

770
00:37:16,680 --> 00:37:19,480
Speaker 2: you know, Trump just recently came out and said that

771
00:37:19,560 --> 00:37:22,000
Speaker 2: they're not going to do a tax on millionaires because it'd.

772
00:37:21,840 --> 00:37:24,400
Speaker 3: Be too disruptive, too disruptive.

773
00:37:24,480 --> 00:37:27,360
Speaker 2: Imagine this guy saying something is too disruptive and that

774
00:37:27,440 --> 00:37:30,360
Speaker 2: millionaires would leave the country or whatever. And he said,

775
00:37:30,440 --> 00:37:33,400
Speaker 2: if you pulled millionaires, the choice between like I'm going

776
00:37:33,480 --> 00:37:35,840
Speaker 2: to have to pay a little more in taxes and

777
00:37:36,480 --> 00:37:40,399
Speaker 2: this whatever this is, they would overwhelmingly be like, I'll

778
00:37:40,400 --> 00:37:42,200
Speaker 2: just pay a little bit more in taxes, It's fine.

779
00:37:42,640 --> 00:37:45,520
Speaker 2: And so it did make me think of you know, now,

780
00:37:45,560 --> 00:37:48,440
Speaker 2: I'm like going back in history, and the way that

781
00:37:48,560 --> 00:37:51,279
Speaker 2: FDR was able to forge this New Deal coalition is

782
00:37:51,280 --> 00:37:53,000
Speaker 2: that there was a threat of something that was much

783
00:37:53,040 --> 00:37:55,040
Speaker 2: worse for capital on the other side.

784
00:37:55,080 --> 00:37:55,439
Speaker 3: At the time.

785
00:37:55,440 --> 00:37:57,840
Speaker 2: It was communism, right. It was like, listen, you're going

786
00:37:57,880 --> 00:37:59,640
Speaker 2: to pay more in taxes, you're gonna have to fund

787
00:37:59,640 --> 00:38:01,600
Speaker 2: the government, you're going to set up social safety debt,

788
00:38:01,640 --> 00:38:04,560
Speaker 2: we're going to have labor regulations. That's happening, or those

789
00:38:04,600 --> 00:38:07,040
Speaker 2: people over there can just totally take your shit, like

790
00:38:07,160 --> 00:38:09,600
Speaker 2: which one do you want? And I almost feel like

791
00:38:10,200 --> 00:38:14,799
Speaker 2: this Trump maw kind of approach is setting up a

792
00:38:14,800 --> 00:38:18,799
Speaker 2: similar dynamic where this has been so destructive and so

793
00:38:18,960 --> 00:38:21,799
Speaker 2: terrible for corporate America unless you're one of the Wall

794
00:38:21,840 --> 00:38:24,960
Speaker 2: Street executives that gets the like insider trading info that

795
00:38:25,440 --> 00:38:28,319
Speaker 2: when you compare on the other hand, like oh, or

796
00:38:28,400 --> 00:38:30,120
Speaker 2: we could just like pay a little more in taxes

797
00:38:30,160 --> 00:38:32,680
Speaker 2: than people get healthcare, like that doesn't seem so bad

798
00:38:32,719 --> 00:38:36,160
Speaker 2: and so crazy in comparison to what's being done right now.

799
00:38:38,400 --> 00:38:40,919
Speaker 10: Well, this is the argument that Bannon kind of made

800
00:38:41,000 --> 00:38:44,960
Speaker 10: yesterday about how it was like do you see Luigi Mangioni?

801
00:38:45,280 --> 00:38:48,640
Speaker 10: Do you do you see that people genuinely really like him?

802
00:38:48,840 --> 00:38:52,480
Speaker 10: And he's like looking out in this crowd of elites

803
00:38:53,080 --> 00:38:57,520
Speaker 10: saying the reason people like him is because they don't

804
00:38:57,560 --> 00:39:00,399
Speaker 10: have healthcare, Like people are not doing well, and so

805
00:39:00,600 --> 00:39:03,759
Speaker 10: you have to like, if your alternative is paying a

806
00:39:03,800 --> 00:39:07,480
Speaker 10: little bit of higher taxes, you know, that's probably better

807
00:39:07,800 --> 00:39:10,080
Speaker 10: than continuing to let the world burn. And that's a

808
00:39:10,120 --> 00:39:12,120
Speaker 10: different version of the argument that you made, Crystal, But

809
00:39:12,120 --> 00:39:15,080
Speaker 10: it's Bannon. I think maybe he's even drawing on that

810
00:39:15,160 --> 00:39:19,480
Speaker 10: exact example, saying, you know, the pitch to the elites

811
00:39:19,560 --> 00:39:24,840
Speaker 10: right now is that this, this populism is your better

812
00:39:24,880 --> 00:39:29,080
Speaker 10: alternative to what comes after if the populism isn't sort

813
00:39:29,120 --> 00:39:34,359
Speaker 10: of dealt with through policy. Yeah.

814
00:39:34,400 --> 00:39:37,879
Speaker 5: I saw I saw Mike Cernovich saying that too. Oh

815
00:39:37,920 --> 00:39:40,839
Speaker 5: really yeah, yeah, that And he was saying, look, we're

816
00:39:40,880 --> 00:39:45,040
Speaker 5: trying to take our country back. And if if you oligarchs,

817
00:39:45,040 --> 00:39:46,799
Speaker 5: I don't know if you use the word oligarchs, but

818
00:39:46,840 --> 00:39:50,120
Speaker 5: if you oligarchs screw this up and and don't allow

819
00:39:50,200 --> 00:39:53,479
Speaker 5: us to successfully you know, implement our populist revolution here

820
00:39:54,480 --> 00:39:57,160
Speaker 5: and you get AOC instead, do not come to us

821
00:39:57,960 --> 00:40:01,200
Speaker 5: asking for help. We're stepping aside that do not come.

822
00:40:01,400 --> 00:40:03,320
Speaker 5: So's he said, We're gonna step aside.

823
00:40:03,640 --> 00:40:04,160
Speaker 4: We tried.

824
00:40:04,440 --> 00:40:07,719
Speaker 5: We're not fighting for you, We're fighting for us. And

825
00:40:07,800 --> 00:40:09,680
Speaker 5: if you, if you screw this up, we're just gonna

826
00:40:09,719 --> 00:40:14,280
Speaker 5: let let AOC run her communist you know, tyrannical empire

827
00:40:14,400 --> 00:40:17,680
Speaker 5: or whatever whatever you deserve. Because he he was like,

828
00:40:18,600 --> 00:40:23,239
Speaker 5: his argument was like, Magga, is the compromise right the

829
00:40:23,280 --> 00:40:26,279
Speaker 5: same way that you know FDR, you know, was the

830
00:40:26,400 --> 00:40:29,279
Speaker 5: and the New Deal with a compromise stopping either a

831
00:40:29,280 --> 00:40:31,959
Speaker 5: communist revolution or a fascist revolution like that.

832
00:40:31,960 --> 00:40:33,319
Speaker 4: That's kind of the argument being made.

833
00:40:36,360 --> 00:40:38,440
Speaker 2: Let me go ahead and jump forward then too. I

834
00:40:38,480 --> 00:40:41,480
Speaker 2: have some of the banning comments about both him saying

835
00:40:41,560 --> 00:40:45,040
Speaker 2: like we need to tax millionaires more and also really

836
00:40:45,200 --> 00:40:47,799
Speaker 2: taking the moment where Elon seems to be able down

837
00:40:47,840 --> 00:40:51,240
Speaker 2: and out to to really go after him as well.

838
00:40:51,320 --> 00:40:53,560
Speaker 3: Let's go ahead and take a listen to this.

839
00:40:54,480 --> 00:40:58,240
Speaker 9: So the day of reckonings here, folks. The simple math

840
00:40:58,360 --> 00:41:01,120
Speaker 9: is unless you raise the taxes at the upper bracket,

841
00:41:01,680 --> 00:41:04,200
Speaker 9: the math doesn't work. The math ain't that great with

842
00:41:04,400 --> 00:41:06,800
Speaker 9: doing that. But that's kind of a starter.

843
00:41:07,600 --> 00:41:09,880
Speaker 6: And so anybody wants to show the come back with

844
00:41:10,000 --> 00:41:12,759
Speaker 6: the math, and you know what they're gonna say is

845
00:41:12,920 --> 00:41:14,359
Speaker 6: like what Elon said, it was gonna be a five

846
00:41:14,360 --> 00:41:16,440
Speaker 6: percent growth rate. What Elon said a lot of stuff,

847
00:41:17,040 --> 00:41:19,440
Speaker 6: and none of it's turned out to be accurate. Like

848
00:41:19,640 --> 00:41:22,720
Speaker 6: where's my two training cuts, where's my one training cuts?

849
00:41:23,080 --> 00:41:24,760
Speaker 9: Where's my one fifty billion cuts?

850
00:41:24,760 --> 00:41:28,239
Speaker 6: You just show me any cut that's not programmatic because

851
00:41:28,239 --> 00:41:29,360
Speaker 6: the programmatic.

852
00:41:28,880 --> 00:41:32,480
Speaker 9: Were being done by other people. Show me waste, fraud

853
00:41:32,520 --> 00:41:33,000
Speaker 9: and abuse.

854
00:41:33,560 --> 00:41:36,960
Speaker 6: You've been over the Pentagon for two months, bro, that's

855
00:41:37,000 --> 00:41:40,960
Speaker 6: a Viper's nest of wait for it, hang on, wait wait, waste,

856
00:41:41,000 --> 00:41:41,760
Speaker 6: fraud and abuse.

857
00:41:42,920 --> 00:41:46,120
Speaker 9: Yeah, nothing, and you're gonna have to cut the defense budget.

858
00:41:47,560 --> 00:41:49,799
Speaker 6: All these fantasies people got fan people running read they

859
00:41:49,800 --> 00:41:50,440
Speaker 6: got fantasies.

860
00:41:50,960 --> 00:41:55,160
Speaker 9: They're fantasizing. Now the global bomb market gets a vote here.

861
00:41:55,480 --> 00:41:58,400
Speaker 6: Don't forget the equity market, right, that's just long a

862
00:41:58,440 --> 00:42:00,640
Speaker 6: the cost of equity capital for the the companies.

863
00:42:01,480 --> 00:42:05,680
Speaker 9: It's important, it's very important, but it ain't the main thing.

864
00:42:05,760 --> 00:42:07,760
Speaker 6: The main thing is the bond market because the world's

865
00:42:08,080 --> 00:42:11,280
Speaker 6: got three hundred trillion dollars of debt at every level.

866
00:42:11,920 --> 00:42:16,399
Speaker 9: And guess what, we're having a margin call there.

867
00:42:16,400 --> 00:42:19,200
Speaker 2: You got a lot packed in there, Ryan, You got

868
00:42:19,239 --> 00:42:22,680
Speaker 2: the taxes on the Rits, you got the like Elon failed,

869
00:42:22,960 --> 00:42:25,439
Speaker 2: he didn't even touch the Pentagon. What's going on here? Bro,

870
00:42:25,680 --> 00:42:27,920
Speaker 2: show me even a single cut that you made. And

871
00:42:27,960 --> 00:42:31,040
Speaker 2: then the reference to basically, you know, bond market being

872
00:42:31,080 --> 00:42:31,840
Speaker 2: the real deep state.

873
00:42:32,640 --> 00:42:36,160
Speaker 5: Yeah no, no, lives detected there. I've told this anecdote before,

874
00:42:36,200 --> 00:42:40,439
Speaker 5: but you know James Carville, when he was Clinton's top

875
00:42:40,480 --> 00:42:44,680
Speaker 5: advisor that you know, they ran on this big agenda

876
00:42:44,719 --> 00:42:47,120
Speaker 5: that they were going to launch after winning in nineteen

877
00:42:47,160 --> 00:42:50,719
Speaker 5: ninety two, and the economists, their economists came to them

878
00:42:50,719 --> 00:42:52,640
Speaker 5: and said, if you do this, the bond markets are

879
00:42:52,640 --> 00:42:54,880
Speaker 5: going to freak out. Interest rates are going to spike,

880
00:42:55,640 --> 00:42:58,240
Speaker 5: and here's what will happen to the economy, to mortgage rates,

881
00:42:58,800 --> 00:43:02,160
Speaker 5: to unemployment. And James Carville later said, you know, when

882
00:43:02,200 --> 00:43:05,239
Speaker 5: when he dies and gets reincarnated, he wants to come

883
00:43:05,280 --> 00:43:07,280
Speaker 5: back as the bond market because it's the most powerful

884
00:43:07,320 --> 00:43:07,960
Speaker 5: thing in the world.

885
00:43:08,640 --> 00:43:08,839
Speaker 4: Uh.

886
00:43:08,920 --> 00:43:11,880
Speaker 5: He understood that at the time, and unfortunately it is true,

887
00:43:12,520 --> 00:43:15,719
Speaker 5: and now Trump is finding out. It's it's kind of

888
00:43:15,719 --> 00:43:17,440
Speaker 5: shocking that Trump didn't know that because one of the

889
00:43:17,440 --> 00:43:21,120
Speaker 5: only things he does understand is interest rates is debt. Yeah,

890
00:43:21,239 --> 00:43:24,920
Speaker 5: interest rates and debt. Because his entire real estate stick

891
00:43:25,239 --> 00:43:28,960
Speaker 5: was basically a cash flow play using an arbitrage between

892
00:43:29,080 --> 00:43:31,440
Speaker 5: the money coming in and the and his and his

893
00:43:31,520 --> 00:43:33,560
Speaker 5: refise and is different and and the way that he

894
00:43:33,640 --> 00:43:37,799
Speaker 5: was playing with you know, different interest rate movie.

895
00:43:37,840 --> 00:43:39,680
Speaker 10: He's basically said that by the way he's he's come

896
00:43:39,719 --> 00:43:42,840
Speaker 10: out and basically he's not like ashamed of that. Mostly

897
00:43:43,000 --> 00:43:45,040
Speaker 10: this is like very trumpy and most people would see

898
00:43:45,040 --> 00:43:47,920
Speaker 10: that as like a very shameful predicate for wealth.

899
00:43:48,480 --> 00:43:50,440
Speaker 5: But yeah, no, he get but he so he he

900
00:43:50,520 --> 00:43:55,759
Speaker 5: completely understands the role of debt and interest rates in

901
00:43:57,080 --> 00:44:01,839
Speaker 5: the there's and their centrality to our economy. So for

902
00:44:01,920 --> 00:44:06,520
Speaker 5: him to make this fundamental mistake is just comically inept.

903
00:44:07,920 --> 00:44:10,240
Speaker 5: But yeah, so Bannon's right about everything there.

904
00:44:10,280 --> 00:44:14,280
Speaker 2: Emily, how are magotypes feeling about Elon these days? Because

905
00:44:14,400 --> 00:44:16,520
Speaker 2: I thought it was interesting, you know, Bannon initially was

906
00:44:16,520 --> 00:44:19,560
Speaker 2: taking some shots at him H one B. By the way,

907
00:44:19,600 --> 00:44:22,560
Speaker 2: New York Times had a fascinating analysis of how Laura

908
00:44:22,640 --> 00:44:24,799
Speaker 2: Lumer and all of those like aligned accounts who were

909
00:44:24,800 --> 00:44:27,719
Speaker 2: going after Elon over H one b they got crushed

910
00:44:28,360 --> 00:44:32,480
Speaker 2: in Elon's Twitter algorithm, which interesting side note here. But

911
00:44:32,560 --> 00:44:34,680
Speaker 2: Bannon kind of laid off for a little while when

912
00:44:34,719 --> 00:44:37,120
Speaker 2: Elon seemed to be writing a little bit higher in

913
00:44:37,160 --> 00:44:41,040
Speaker 2: the President's esteem, and now that he's relegated to like

914
00:44:41,600 --> 00:44:44,800
Speaker 2: meekly being at a cabinet meeting, like well, actually, maybe

915
00:44:44,840 --> 00:44:46,640
Speaker 2: the cuts are more like one hundred and fifty billion.

916
00:44:46,640 --> 00:44:48,319
Speaker 2: And by the way, I'm on my way on a here,

917
00:44:48,320 --> 00:44:49,359
Speaker 2: and Tesla's stock is.

918
00:44:49,320 --> 00:44:51,239
Speaker 5: Greater as like, let me see one hundred fifty billion.

919
00:44:51,280 --> 00:44:53,880
Speaker 3: It's like I gotta go yeah, right, exactly.

920
00:44:54,719 --> 00:44:57,880
Speaker 2: Now, Bannon is coming back at Elon in those comments,

921
00:44:57,880 --> 00:45:00,319
Speaker 2: and also he said something at a conference where he

922
00:45:00,440 --> 00:45:02,640
Speaker 2: was like, you know, Elon's looking out for his own interest,

923
00:45:02,680 --> 00:45:03,600
Speaker 2: not the nations.

924
00:45:04,120 --> 00:45:04,359
Speaker 7: Yeah.

925
00:45:04,360 --> 00:45:06,360
Speaker 10: So this is what I mean we predicted on this

926
00:45:06,400 --> 00:45:09,040
Speaker 10: show is that there wouldn't ever be like a big

927
00:45:09,120 --> 00:45:12,320
Speaker 10: kinetic blow up between Trump and Elon Musk. But what

928
00:45:12,400 --> 00:45:14,799
Speaker 10: would happen would be the sort of quiet quitting, the

929
00:45:14,840 --> 00:45:18,080
Speaker 10: conscious uncoupling of the relationship, that it would gradually wind

930
00:45:18,160 --> 00:45:20,640
Speaker 10: down in a way that saves face for both parties.

931
00:45:21,080 --> 00:45:24,920
Speaker 10: And I think Elon is throwing in the towel. Clearly

932
00:45:24,960 --> 00:45:26,640
Speaker 10: he's throwing in the towel a little bit early.

933
00:45:27,280 --> 00:45:27,440
Speaker 7: You know.

934
00:45:27,480 --> 00:45:30,480
Speaker 10: Again, there are limitations on the special government employee status

935
00:45:30,520 --> 00:45:31,719
Speaker 10: that he has, but.

936
00:45:32,160 --> 00:45:36,560
Speaker 2: And we know they're all very you know, get sure

937
00:45:36,960 --> 00:45:40,880
Speaker 2: not to exceed the proper time period of the special

938
00:45:40,920 --> 00:45:42,360
Speaker 2: government employee status.

939
00:45:42,400 --> 00:45:43,520
Speaker 3: That would be important to them.

940
00:45:43,760 --> 00:45:48,600
Speaker 10: He's also supposed to be delivering regular like getting exceptions

941
00:45:48,600 --> 00:45:50,960
Speaker 10: for conflicts of interest according to the statute.

942
00:45:51,040 --> 00:45:52,640
Speaker 3: So right, yeah, sure, what's that going?

943
00:45:52,800 --> 00:45:54,120
Speaker 7: Yeah, So, but.

944
00:45:54,080 --> 00:45:55,759
Speaker 10: Yeah, that's what I'm saying, Like, I don't think that

945
00:45:55,760 --> 00:45:57,799
Speaker 10: they particularly could have come up with a different role.

946
00:45:57,840 --> 00:45:59,720
Speaker 10: Maybe he could have been an advisor to the campaign,

947
00:45:59,800 --> 00:46:02,000
Speaker 10: or they could have actually created Doge as like an

948
00:46:02,000 --> 00:46:05,279
Speaker 10: outside group, which it was originally intended to be to

949
00:46:05,400 --> 00:46:10,239
Speaker 10: avoid any of these problems, and Elon could just indefinitely be,

950
00:46:10,680 --> 00:46:13,600
Speaker 10: you know, an advisor to this outside group. And if

951
00:46:13,600 --> 00:46:15,600
Speaker 10: he had a lot of momentum, I think that obviously

952
00:46:15,719 --> 00:46:17,840
Speaker 10: would have been the case if he had this like

953
00:46:17,960 --> 00:46:22,840
Speaker 10: big political capital behind him that was growing. But that

954
00:46:22,960 --> 00:46:25,800
Speaker 10: is not where he is right now. And because he's said,

955
00:46:25,960 --> 00:46:29,120
Speaker 10: especially on that Tesla investor's call Crystal that we covered Wednesday,

956
00:46:29,120 --> 00:46:32,520
Speaker 10: that was a Tuesday call, nobody is even like, at

957
00:46:32,600 --> 00:46:36,240
Speaker 10: least that I can see. Nobody's even really fighting bitterly

958
00:46:36,239 --> 00:46:39,680
Speaker 10: about Elon anymore because he's fading into irrelevance. And that

959
00:46:39,680 --> 00:46:41,680
Speaker 10: doesn't mean he's not going to be powerful. It just

960
00:46:41,719 --> 00:46:44,200
Speaker 10: means he's not going to be running the show. So

961
00:46:44,280 --> 00:46:46,799
Speaker 10: it's like, why are people, why would you at this

962
00:46:46,880 --> 00:46:51,239
Speaker 10: point waste your own political capital getting over getting in

963
00:46:51,320 --> 00:46:54,600
Speaker 10: a fight over someone who is giving a bunch of money.

964
00:46:54,640 --> 00:46:57,720
Speaker 10: The Republican Party is still going to be a powerful

965
00:46:57,719 --> 00:46:59,840
Speaker 10: backer of Trump, but is not going to be at

966
00:46:59,840 --> 00:47:02,680
Speaker 10: the center of the action and the administration in Washington,

967
00:47:02,760 --> 00:47:03,000
Speaker 10: d C.

968
00:47:03,440 --> 00:47:04,840
Speaker 7: It's almost not worth it for people.

969
00:47:05,040 --> 00:47:08,319
Speaker 5: But but his stench is going to linger, and as

970
00:47:08,440 --> 00:47:12,839
Speaker 5: crises pop up over the next three years, people and

971
00:47:12,880 --> 00:47:15,960
Speaker 5: we are unable to respond to them effectively, which always

972
00:47:15,960 --> 00:47:19,759
Speaker 5: happens uh with with government. Uh, people are going to

973
00:47:19,760 --> 00:47:21,920
Speaker 5: be able to point back to what he did to

974
00:47:21,960 --> 00:47:25,160
Speaker 5: the government. Already You've got you know, bird flu ripping

975
00:47:25,200 --> 00:47:28,480
Speaker 5: through everything, and you have the FDA saying that it

976
00:47:28,560 --> 00:47:31,239
Speaker 5: can't actually you know, keep up with the different you

977
00:47:31,239 --> 00:47:34,200
Speaker 5: know you cole I inspections and then and they can't

978
00:47:34,200 --> 00:47:36,400
Speaker 5: really inspect milk like they would like to.

979
00:47:36,719 --> 00:47:38,480
Speaker 4: You can't do the same kind of quality control.

980
00:47:38,520 --> 00:47:41,120
Speaker 5: You got the measles outbreak, you got like uh, you know,

981
00:47:41,280 --> 00:47:45,000
Speaker 5: Arkansas is being told it can't have emergency.

982
00:47:44,480 --> 00:47:47,240
Speaker 4: Declaration Kentucky to.

983
00:47:46,680 --> 00:47:49,600
Speaker 5: Kentucky like and all of these things are then going

984
00:47:49,680 --> 00:47:52,440
Speaker 5: to go back to the stench of elon. And so

985
00:47:52,560 --> 00:47:56,280
Speaker 5: right now, bird flu is like, you know, somewhat contained,

986
00:47:56,320 --> 00:48:01,600
Speaker 5: and people aren't like it's it's not having the it's

987
00:48:01,640 --> 00:48:05,200
Speaker 5: not contained. It's contained as a story. But that might

988
00:48:05,239 --> 00:48:07,360
Speaker 5: not always be the case. And when if that is

989
00:48:07,400 --> 00:48:09,160
Speaker 5: not the case, people are gonna be like, oh yeah,

990
00:48:09,680 --> 00:48:12,440
Speaker 5: that guy came in and destroyed everything out of spite

991
00:48:12,760 --> 00:48:14,520
Speaker 5: to own lives and arrows.

992
00:48:15,120 --> 00:48:15,759
Speaker 4: Yeah right.

993
00:48:16,480 --> 00:48:17,120
Speaker 3: Government spend.

994
00:48:17,200 --> 00:48:18,960
Speaker 2: I mean, you know, I never thought this was about

995
00:48:18,960 --> 00:48:21,080
Speaker 2: government spending, as you guys know, but government spending is

996
00:48:21,120 --> 00:48:23,200
Speaker 2: higher than it has ever been. They're doing a trillion

997
00:48:23,239 --> 00:48:27,359
Speaker 2: dollar budget, Pentagon budget. They're giving massive taxes for the rich,

998
00:48:27,880 --> 00:48:31,160
Speaker 2: and even Steve bann Is out here like, show me

999
00:48:31,239 --> 00:48:33,560
Speaker 2: any of you, like, show me a single cut that

1000
00:48:33,600 --> 00:48:37,200
Speaker 2: you made, just one, so you know the in terms

1001
00:48:37,239 --> 00:48:39,759
Speaker 2: of the numbers, it's gotten to a point where you

1002
00:48:39,880 --> 00:48:42,920
Speaker 2: either just have to blatantly close your eyes or it

1003
00:48:43,040 --> 00:48:46,680
Speaker 2: is clearly obvious that they either failed or in my opinion,

1004
00:48:46,680 --> 00:48:48,000
Speaker 2: that was never the real goal to start with. But

1005
00:48:48,080 --> 00:48:51,080
Speaker 2: to Ryan's point, that doesn't mean that their actions didn't

1006
00:48:51,160 --> 00:48:56,400
Speaker 2: have extraordinary impact and won't have extraordinary consequences, some of

1007
00:48:56,400 --> 00:49:00,200
Speaker 2: which I think will be really unpredictable going forward.

1008
00:49:00,400 --> 00:49:00,640
Speaker 7: You know.

1009
00:49:00,719 --> 00:49:02,919
Speaker 2: It could be something that's on our radar, like bird

1010
00:49:02,960 --> 00:49:05,680
Speaker 2: flu or like you know, airline safety or something like that.

1011
00:49:05,719 --> 00:49:07,680
Speaker 2: It could be something that we're not even aware of

1012
00:49:07,760 --> 00:49:11,440
Speaker 2: or thinking about that got slashed in the melee that

1013
00:49:11,600 --> 00:49:14,759
Speaker 2: turns out to be really critical and really important and

1014
00:49:15,239 --> 00:49:17,000
Speaker 2: you know, the other thing I was thinking about politically

1015
00:49:17,160 --> 00:49:20,560
Speaker 2: is like, first of all, I think that Supreme Court

1016
00:49:20,600 --> 00:49:24,200
Speaker 2: race genuinely was a turning point for Elon's power. That

1017
00:49:24,400 --> 00:49:26,640
Speaker 2: really seems to have been the moment when it was like, Okay,

1018
00:49:26,640 --> 00:49:27,560
Speaker 2: well this guy doesn't have.

1019
00:49:27,520 --> 00:49:28,600
Speaker 3: The juice, so goodbye.

1020
00:49:28,960 --> 00:49:31,839
Speaker 2: And number two, you know, the two big stories now

1021
00:49:31,880 --> 00:49:35,800
Speaker 2: that are dominating the news are deportations and tariffs and Elon,

1022
00:49:36,200 --> 00:49:38,600
Speaker 2: I mean, Elon's actively opposed to the tariffs and told

1023
00:49:38,640 --> 00:49:41,719
Speaker 2: his has said that before and ideologically been very clear

1024
00:49:41,719 --> 00:49:44,600
Speaker 2: and also reiterated that on his Tesla investor call. He

1025
00:49:44,640 --> 00:49:47,480
Speaker 2: has apparently been trying to lobby Trump behind the scenes

1026
00:49:47,920 --> 00:49:50,759
Speaker 2: to back away from this, and there's no indication that

1027
00:49:50,960 --> 00:49:55,160
Speaker 2: his entreaties had any impact on Trump whatsoever. So he's

1028
00:49:55,280 --> 00:49:58,759
Speaker 2: irrelevant effectively to the terror story. Is also irrelevant effectively

1029
00:49:58,800 --> 00:50:02,800
Speaker 2: to the deportation story. So you know, in a cultural

1030
00:50:03,120 --> 00:50:06,040
Speaker 2: in a culture within the Trump administration that values who's

1031
00:50:06,080 --> 00:50:08,760
Speaker 2: able to trigger the libs and who's able to grab

1032
00:50:08,800 --> 00:50:11,719
Speaker 2: attention and hold on to it, his currency in that

1033
00:50:11,800 --> 00:50:14,120
Speaker 2: regard is also really diminished at this point.

1034
00:50:14,360 --> 00:50:15,600
Speaker 7: Yeah, I think that's a good point.

1035
00:50:15,719 --> 00:50:18,920
Speaker 10: I wonder actually if his lobbying on terraces behind closed

1036
00:50:18,960 --> 00:50:22,080
Speaker 10: doors maybe diminished him in Trump's esteem, because Trump is

1037
00:50:22,080 --> 00:50:25,040
Speaker 10: an ideological protectionist, and he does have this like bitter

1038
00:50:25,120 --> 00:50:30,000
Speaker 10: hostility towards people who are you know, what he sees

1039
00:50:30,200 --> 00:50:34,200
Speaker 10: as like not America first. And that's where Elin got

1040
00:50:34,200 --> 00:50:36,799
Speaker 10: really offended by Peter Navarro saying that, because he's like,

1041
00:50:36,840 --> 00:50:39,399
Speaker 10: and his supporters are like, look, we're doing so much

1042
00:50:39,400 --> 00:50:41,080
Speaker 10: more in the United States than a lot of other

1043
00:50:41,360 --> 00:50:42,600
Speaker 10: auto manufacturers.

1044
00:50:42,600 --> 00:50:43,800
Speaker 7: Like what are you talking about.

1045
00:50:43,640 --> 00:50:47,160
Speaker 2: That they're actually the most American car in terms of

1046
00:50:47,440 --> 00:50:51,280
Speaker 2: the parts and the assembly taking place to the largest

1047
00:50:51,280 --> 00:50:52,240
Speaker 2: extent in America.

1048
00:50:52,920 --> 00:50:56,800
Speaker 10: Yeah, Peter Novara is an auto assembler, not a manufacturer.

1049
00:50:58,360 --> 00:51:00,000
Speaker 10: But I think that's a I think Trump will probab

1050
00:51:00,120 --> 00:51:03,080
Speaker 10: we agree with that seriously, and I think he's he's

1051
00:51:03,160 --> 00:51:04,920
Speaker 10: much more in the Navarro camp. So I wonder if

1052
00:51:04,960 --> 00:51:08,000
Speaker 10: that also he found He was apparently really upset when

1053
00:51:08,000 --> 00:51:11,400
Speaker 10: he that leak happened about Elon potentially getting briefed at

1054
00:51:11,400 --> 00:51:12,560
Speaker 10: the Pentagon on China.

1055
00:51:13,040 --> 00:51:15,960
Speaker 7: The leak suggested that Trump was actually furious.

1056
00:51:15,520 --> 00:51:19,719
Speaker 10: About that, probably whatever, probably because he sees it as

1057
00:51:19,760 --> 00:51:23,480
Speaker 10: something that's really damaging to him. He knows that his

1058
00:51:23,520 --> 00:51:26,080
Speaker 10: grassroots is more aligned with the Bandon wing, and it

1059
00:51:26,160 --> 00:51:29,000
Speaker 10: sounds like he was furious about that. So it's possible

1060
00:51:29,000 --> 00:51:32,319
Speaker 10: that Elon started greeting on him from those sorts of

1061
00:51:32,320 --> 00:51:32,719
Speaker 10: things too.

1062
00:51:32,760 --> 00:51:35,080
Speaker 2: Well, it's not a people person either. He doesn't know

1063
00:51:35,120 --> 00:51:38,680
Speaker 2: how to you know, Trump requires a lot of massaging

1064
00:51:38,840 --> 00:51:42,439
Speaker 2: and like tiptoeing and jiu jitsu to try to make

1065
00:51:42,480 --> 00:51:45,400
Speaker 2: your point, and Elon is not. Really that's not really

1066
00:51:45,440 --> 00:51:49,600
Speaker 2: his particular skill set. Quite the opposite, Ryan, I wanted

1067
00:51:49,640 --> 00:51:51,719
Speaker 2: to get you in particular way, and just quickly on

1068
00:51:51,719 --> 00:51:55,440
Speaker 2: this piece, this Trump targeting apt lou in this presidential

1069
00:51:55,480 --> 00:52:01,120
Speaker 2: memorandum basically directing the Justice Department to investigate them. Your

1070
00:52:01,120 --> 00:52:05,239
Speaker 2: Republicans have this. They've really just completely lied about what

1071
00:52:05,280 --> 00:52:08,120
Speaker 2: ACTBLU even is. Act BLU is just this payment platform

1072
00:52:08,280 --> 00:52:12,480
Speaker 2: so that democratic candidates are causes can raise grassroots dollars.

1073
00:52:12,840 --> 00:52:16,280
Speaker 2: They're framing this as being some you know that ACTBLU

1074
00:52:16,480 --> 00:52:20,920
Speaker 2: is some way that George Soros can nefariously funnel foreign

1075
00:52:20,960 --> 00:52:24,399
Speaker 2: contributions into democratic causes. And then of course that's before

1076
00:52:24,440 --> 00:52:27,200
Speaker 2: we even talk about the fact that, you know, one

1077
00:52:27,280 --> 00:52:31,840
Speaker 2: administration ago, it would have been absolutely blockbuster news for

1078
00:52:31,920 --> 00:52:37,080
Speaker 2: the President to direct the DOJ to investigate the you know,

1079
00:52:37,160 --> 00:52:41,320
Speaker 2: anything to do with his political rivals. So just wondered

1080
00:52:41,360 --> 00:52:44,040
Speaker 2: your reaction to that executive order, which has been rumored

1081
00:52:44,080 --> 00:52:44,520
Speaker 2: for a while.

1082
00:52:45,080 --> 00:52:46,680
Speaker 5: And I've argued with a bunch of people on the

1083
00:52:46,719 --> 00:52:49,520
Speaker 5: right about this. But you know Act Blue who think

1084
00:52:49,560 --> 00:52:54,360
Speaker 5: that ACTBLU is this giant scam that allows billionaires and

1085
00:52:54,400 --> 00:52:58,800
Speaker 5: people from overseas, you know, to funnel you know, hard dollar,

1086
00:52:58,960 --> 00:53:06,360
Speaker 5: small contribution to Democratic candidates and organizations. And that misunderstanding

1087
00:53:06,400 --> 00:53:08,680
Speaker 5: about what Act Blue is flows from the same mistake

1088
00:53:08,760 --> 00:53:12,000
Speaker 5: that Democrats and on the left sometimes make about Republicans,

1089
00:53:12,040 --> 00:53:14,840
Speaker 5: just not believing that their opponents are real people. Like

1090
00:53:14,920 --> 00:53:18,160
Speaker 5: they saw Kamala Harris raise hundreds of millions of dollars

1091
00:53:18,239 --> 00:53:20,160
Speaker 5: in the first day and then like a billion within

1092
00:53:20,200 --> 00:53:23,120
Speaker 5: the first month or whatever, and they're like, that's impossible,

1093
00:53:23,560 --> 00:53:28,520
Speaker 5: Like nobody likes Kamala Harris. This must be like George

1094
00:53:28,560 --> 00:53:31,920
Speaker 5: Soros money that's being secretly funded to her, funneled to her.

1095
00:53:32,320 --> 00:53:33,880
Speaker 5: It's like no, Actually, you know a lot of people

1096
00:53:34,120 --> 00:53:36,640
Speaker 5: do like Kamala Harris, like a decent number of like countries,

1097
00:53:38,080 --> 00:53:41,480
Speaker 5: middle class people do like her. And also they really

1098
00:53:41,520 --> 00:53:44,279
Speaker 5: hate you, yes, like they hate you so much.

1099
00:53:45,480 --> 00:53:46,040
Speaker 4: Think about that.

1100
00:53:46,080 --> 00:53:49,000
Speaker 5: They don't like her at all, but they despise you

1101
00:53:49,120 --> 00:53:51,120
Speaker 5: with enough of a passion that they will send fifty

1102
00:53:51,160 --> 00:53:54,160
Speaker 5: dollars in there. What and so when Red does the

1103
00:53:54,280 --> 00:53:57,759
Speaker 5: basically exact same thing as Act Blue on the Republican side.

1104
00:53:57,640 --> 00:54:00,760
Speaker 3: Yeah, it was modeled on Blue technology.

1105
00:54:00,400 --> 00:54:03,640
Speaker 5: It totally and Trump is not acting asking the dj

1106
00:54:03,800 --> 00:54:06,480
Speaker 5: to go after when read what he's saying is that

1107
00:54:06,880 --> 00:54:10,760
Speaker 5: and what the EO points to are instances of fraud

1108
00:54:10,920 --> 00:54:16,959
Speaker 5: that Act Blue itself identified and publicized and then kicked

1109
00:54:16,960 --> 00:54:20,880
Speaker 5: off of their platform. Act Blue will allow you to

1110
00:54:21,000 --> 00:54:24,040
Speaker 5: like keep your information saved, just like say Stripe or

1111
00:54:24,080 --> 00:54:26,920
Speaker 5: something like that. So it's easier than when you get

1112
00:54:26,960 --> 00:54:29,120
Speaker 5: another email or to see a tweet or a Facebook

1113
00:54:29,160 --> 00:54:31,200
Speaker 5: post to then donate to this person because you're mad.

1114
00:54:31,920 --> 00:54:35,719
Speaker 5: And what the Trump administration wants to do is put

1115
00:54:35,760 --> 00:54:39,440
Speaker 5: more obstacles in the way of people and basically make them,

1116
00:54:39,600 --> 00:54:42,239
Speaker 5: you know, re enter all of their card info and

1117
00:54:42,280 --> 00:54:44,680
Speaker 5: all of their you know, their occupation data and everything

1118
00:54:45,120 --> 00:54:48,920
Speaker 5: each time they make a contribution. Because the data analysts

1119
00:54:49,040 --> 00:54:51,600
Speaker 5: know that, you know, every hurdle that you put in

1120
00:54:51,640 --> 00:54:54,480
Speaker 5: front of somebody is going to make it less likely

1121
00:54:54,480 --> 00:54:57,160
Speaker 5: that they convert all the way. And we understand that

1122
00:54:57,320 --> 00:54:59,600
Speaker 5: over here at breaking points, you know, you go to

1123
00:54:59,640 --> 00:55:02,960
Speaker 5: break point dot com, and that the more complicated that

1124
00:55:03,040 --> 00:55:06,759
Speaker 5: it is made for people to subscribe, the fewer number

1125
00:55:06,760 --> 00:55:08,759
Speaker 5: of people are going to subscribe by the time they

1126
00:55:08,800 --> 00:55:12,200
Speaker 5: get through the maze and their entire you know, business

1127
00:55:12,200 --> 00:55:15,160
Speaker 5: models built around making it easy, because there's nothing more

1128
00:55:15,200 --> 00:55:17,960
Speaker 5: frustrating in this world than when you're trying to like

1129
00:55:18,000 --> 00:55:20,279
Speaker 5: donate your money to something or give your you know,

1130
00:55:20,320 --> 00:55:23,160
Speaker 5: subscribe to something and you keep running up against error

1131
00:55:23,160 --> 00:55:25,319
Speaker 5: messages or like oh you didn't fill in this thing,

1132
00:55:25,560 --> 00:55:27,319
Speaker 5: and then so you're like, you know what, I'm out

1133
00:55:27,320 --> 00:55:27,480
Speaker 5: of here.

1134
00:55:27,520 --> 00:55:28,279
Speaker 4: I don't have time for this.

1135
00:55:28,400 --> 00:55:30,080
Speaker 2: The one that drives me crazy is when I'm trying

1136
00:55:30,080 --> 00:55:31,600
Speaker 2: to pay a bill and it's like that, I'm like.

1137
00:55:32,120 --> 00:55:37,680
Speaker 3: You're money, really trying my best here, you know, take take.

1138
00:55:37,560 --> 00:55:39,719
Speaker 5: My money, Jesus Christ, what's wrong with you?

1139
00:55:40,280 --> 00:55:41,080
Speaker 4: Now? ActBlue.

1140
00:55:41,280 --> 00:55:43,880
Speaker 5: What ActBlue is telling people in the democratic space is

1141
00:55:43,920 --> 00:55:47,040
Speaker 5: that this is gross and the threat and all that,

1142
00:55:47,080 --> 00:55:47,839
Speaker 5: but that they're not.

1143
00:55:48,320 --> 00:55:50,600
Speaker 3: They're not worried, scared, worried.

1144
00:55:50,680 --> 00:55:52,560
Speaker 5: You know, it's going to cost some money, but they

1145
00:55:52,600 --> 00:55:55,279
Speaker 5: said they're not shutting down, they're not changing anything. They're

1146
00:55:55,280 --> 00:55:57,440
Speaker 5: going to sue, They're going to counter sue. They're going

1147
00:55:57,480 --> 00:56:00,200
Speaker 5: to fight this in court, and they think that they

1148
00:56:00,239 --> 00:56:04,719
Speaker 5: will win, Like it is flagrantly criminal what Trump is

1149
00:56:04,719 --> 00:56:06,440
Speaker 5: trying to do here, and they don't and they and

1150
00:56:06,480 --> 00:56:09,400
Speaker 5: they're confident. Maybe this is naive, but they're confident that

1151
00:56:09,480 --> 00:56:13,280
Speaker 5: the courts are not going to not going.

1152
00:56:13,120 --> 00:56:13,640
Speaker 4: To allow this.

1153
00:56:14,680 --> 00:56:17,439
Speaker 2: Okay, interesting, Yeah, And I mean I do think there's

1154
00:56:17,440 --> 00:56:22,040
Speaker 2: an element here too. Obviously it's aimed at Democrats, but also,

1155
00:56:22,880 --> 00:56:26,040
Speaker 2: you know, the more difficult you make it for grassroots

1156
00:56:26,120 --> 00:56:29,000
Speaker 2: donors to contribute, the more important the big donors, the

1157
00:56:29,000 --> 00:56:33,120
Speaker 2: people like Elon Musk are to, you know, to campaigns.

1158
00:56:33,520 --> 00:56:36,200
Speaker 2: So I think there's an element of that as well,

1159
00:56:36,320 --> 00:56:39,120
Speaker 2: of like, let's get these small dollar donors out of

1160
00:56:39,160 --> 00:56:42,279
Speaker 2: here and just make sure it's us, you know, the

1161
00:56:42,520 --> 00:56:44,680
Speaker 2: people are able to stroke the big checks who really.

1162
00:56:44,480 --> 00:56:45,040
Speaker 3: Have all the power.

1163
00:56:45,320 --> 00:56:48,359
Speaker 5: Democrats themselves have been trying to get the small small dog.

1164
00:56:48,600 --> 00:56:49,880
Speaker 3: I think it's just like true.

1165
00:56:50,160 --> 00:56:53,680
Speaker 10: I think it's just like mob mentality, Like that's how

1166
00:56:53,840 --> 00:56:58,200
Speaker 10: Trump thinks it's okay to run politics, and it was

1167
00:56:58,239 --> 00:57:02,400
Speaker 10: just fueled by the way the like Russian investigent, Like,

1168
00:57:02,440 --> 00:57:04,400
Speaker 10: this is all downstream of right and this was.

1169
00:57:04,400 --> 00:57:08,160
Speaker 5: Sparked by this Jack Pasoviac, Right, didn't Jack pasbec Jack

1170
00:57:08,200 --> 00:57:11,160
Speaker 5: Pisobiac pulled like some data from the FEC and like

1171
00:57:11,239 --> 00:57:13,760
Speaker 5: posted it and went viral on the right. Oh really,

1172
00:57:14,280 --> 00:57:17,840
Speaker 5: and it was like you totally read this wrong. It's

1173
00:57:17,880 --> 00:57:20,960
Speaker 5: like it was like literal fake news and they're now

1174
00:57:20,960 --> 00:57:22,400
Speaker 5: they're doing an EO based on it.

1175
00:57:22,720 --> 00:57:24,840
Speaker 10: But no, yeah, I mean, it's it's all downstream of

1176
00:57:26,240 --> 00:57:31,560
Speaker 10: the this correct upset about what happened with the FBI

1177
00:57:31,960 --> 00:57:35,000
Speaker 10: and what happened with these law firms, and it's all

1178
00:57:35,040 --> 00:57:37,840
Speaker 10: saying this is the this is fighting the fire with

1179
00:57:37,920 --> 00:57:41,520
Speaker 10: the fire. And again my argument is not that makes

1180
00:57:41,560 --> 00:57:44,440
Speaker 10: it right, but that's the mentality that I think is

1181
00:57:44,480 --> 00:57:46,920
Speaker 10: behind it. It's just we're we're doing this, We're we're

1182
00:57:47,000 --> 00:57:47,960
Speaker 10: roy coning it now.

1183
00:57:48,600 --> 00:57:48,800
Speaker 6: Hmm.

1184
00:57:50,080 --> 00:57:52,320
Speaker 2: I want to get you, guys reaction to one more

1185
00:57:52,360 --> 00:57:55,080
Speaker 2: thing on the Democratic Party side. All right, guys, thank

1186
00:57:55,080 --> 00:57:57,440
Speaker 2: you so much for watching the free portion of the

1187
00:57:57,440 --> 00:58:00,600
Speaker 2: Friday show. We're going to move into some premium bonus content,

1188
00:58:00,640 --> 00:58:02,600
Speaker 2: so if you want to watch that as well, make

1189
00:58:02,600 --> 00:58:05,840
Speaker 2: sure to go and subscribe at breakingpoints dot com, and

1190
00:58:05,920 --> 00:58:08,080
Speaker 2: for all of you guys who are already premium subscribers,

1191
00:58:08,280 --> 00:58:09,680
Speaker 2: that portion is going to start right now.