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Speaker 1: Welcome to today's edition of the Clay Travis and buck

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Speaker 1: Sexton Show podcast. Welcome and Clay Travis buck Sexton Show

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Speaker 1: rolling into what should be I think a fantastic edition

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Speaker 1: of the program. And we have got absolute absurdity from

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Speaker 1: Joe Biden and everything associated with the Biden White House,

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Speaker 1: as has all too often been the case for far

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Speaker 1: too long. And when you break down this scenario, they

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Speaker 1: signed a bill to preserve interracial marriage and also to

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Speaker 1: ensure that that that gay people could get married. By

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Speaker 1: the way, interracial marriage is not in any way remotely

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Speaker 1: in danger, and gay marriage really isn't remotely in danger either,

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Speaker 1: but that didn't stop the White House from losing its

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Speaker 1: mind as they had a press conference yesterday. And I

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Speaker 1: want to make sure that we play some of these

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Speaker 1: cuts and you guys are all able to follow them

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Speaker 1: around and understand what is going on in the larger

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Speaker 1: context here, because this isn't about gay marriage, This certainly

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Speaker 1: isn't about preserving interracial marriage. This is just about trying

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Speaker 1: to sell a narrative that is inaccurate. So let's start here.

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Speaker 1: First of all, Joe Biden falsely claims that Justice Thomas

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Speaker 1: said gay marriage should be banned. Remember they also said

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Speaker 1: that Clarence Thomas wanted to do away with interracial marriage. That,

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Speaker 1: of course would be quite the surprise. I would imagine

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Speaker 1: to his wife, who is white that I think that

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Speaker 1: would be a pretty difficult conversation to have in the

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Speaker 1: Justice Thomas house. But here they are still continuing to

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Speaker 1: spread lies about Clarence Thomas. Here's Joe Biden falsely claiming

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Speaker 1: that gay marriage should be band According to Clarence Thomas,

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Speaker 1: the Court's extreme conservative majority overturned Rov Wade the right

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Speaker 1: to choose and it's concurring opinion. Justice Thomas went either

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Speaker 1: even further, and he wrote the following quote, we should

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Speaker 1: reconsider all the courts substing to do process presidents, including

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Speaker 1: Griswall Lawrence burger Fell. That means he thinks we should

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Speaker 1: reconsider whether you've got the right access to to contraception.

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Speaker 1: And yes, we should reconsider whether you have the right

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Speaker 1: to marry who you love. And that's not only the

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Speaker 1: challenge ahead. When a person can be married in the

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Speaker 1: morning and thrown out of a restaurant for being gay

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Speaker 1: in the afternoon, this is still wrong. Look, that's not

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Speaker 1: happening anywhere and if it did happen anywhere, it would

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Speaker 1: be the number one story in America for weeks on end.

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Speaker 1: As you guys well know now what is happening, and

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Speaker 1: I haven't heard Joe Biden comment on it at all,

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Speaker 1: is conservative groups are being banned from a being able

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Speaker 1: to go into restaurants and really, and this gets into

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Speaker 1: the legal sort of understanding here. What Clarence Thomas was

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Speaker 1: pointing out is calling into question the overall right to

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Speaker 1: privacy that has been enshrined in the United States Constitution

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Speaker 1: and whether or not that remains legitimate or and this

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Speaker 1: is so important and almost no one understands it, or

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Speaker 1: at least claims to understand it. On the left, they're

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Speaker 1: probably being duplicitous here. All you have to do nothing

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Speaker 1: has been taken away. This is actually a far more

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Speaker 1: democratic process. The state legislature should be able to determine

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Speaker 1: many of these issues, as opposed to nine unelected Supreme

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Speaker 1: Court justices that ties in there. Also, the craziness continued.

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Speaker 1: Not only did Joe Biden make up this totally ridiculous

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Speaker 1: hypothetical if somebody getting married and then not being able

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Speaker 1: to go into a restaurant, but also he continued to indorse,

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Speaker 1: and there were a lot of different crazy people that

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Speaker 1: were in the White House. He continued to indorse this

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Speaker 1: frankly absolutely insane idea that young children should be able

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Speaker 1: to have a gender reassignment surgeries, that you should be

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Speaker 1: removing adolescent breasts, and that if you don't do it,

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Speaker 1: somehow you're a bigot. Listen to this audio. We had

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Speaker 1: to speak out. We must stop the hate and violence

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Speaker 1: like we just saw in Colorado Springs for a place

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Speaker 1: of acceptance and celebration was targeted for violence and terror.

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Speaker 1: We need to challenge the hundreds of callous, cynical laws

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Speaker 1: introducing the states targeting transgender children, terrifying families, and criminalizing

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Speaker 1: doctors who get children to care they need. We have

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Speaker 1: to protect these children so they know they're loved and

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Speaker 1: stand up for them and say I can seek for themselves. Okay,

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Speaker 1: this is where we really need an actual group of

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Speaker 1: journalists to ask real questions, because we've talked about this before.

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Speaker 1: Joe Biden has been bringing in radical left wing activists

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Speaker 1: in the transgender community and allowing them to interview him.

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Speaker 1: Remember the dude who's pretending to be a girl on

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Speaker 1: TikTok that got to go to the White House in

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Speaker 1: an interview, Joe Biden had only been a woman I

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Speaker 1: think for like sixty days or something, and it's super

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Speaker 1: popular on TikTok, And so Joe Biden sits down for

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Speaker 1: an interview. Does he really understand even what he's saying?

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Speaker 1: And I just mean going through in a deposition style checklist,

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Speaker 1: what exactly does he even understand about transgender surgery? Buck,

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Speaker 1: he's seventy eight years old, seventy nine now, I think

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Speaker 1: eighty whatever? I think? Did he just turned eighty? Right?

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Speaker 1: Do you think he has any comprehension or understanding of

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Speaker 1: what he's reading off of that he needs to be grilled,

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Speaker 1: I think for exactly what is going on here is

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Speaker 1: put in particular on transgender surgeries and treatments that are

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Speaker 1: taking place for kids who were minors. It was so

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Speaker 1: dishonest that they held Joe Biden up as somebody that

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Speaker 1: you could trust, you know, a good guy who traditional values,

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Speaker 1: springs the country together, all of that stuff, and then

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Speaker 1: what you get is a presidency where you have a

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Speaker 1: non binary transactivist who's virulently anti police, by the way,

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Speaker 1: showing up at the White House. It's just crazy. Yeah, No,

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Speaker 1: it is absolutely insane. It makes zero sense at all.

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Speaker 1: And that's why, Buck. What I would love to see

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Speaker 1: if we had actual journalism in the White House. I

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Speaker 1: would love to see someone with the checklist just going

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Speaker 1: through and saying, Okay, Joe Biden, do you believe that

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Speaker 1: it should be allowed for a twelve year old to

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Speaker 1: get puberty blocking drugs that keep them from being able

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Speaker 1: to actually enter into puberty? Do you believe that fourteen

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Speaker 1: year old girls should have their breast removed to ensure

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Speaker 1: that they are not capable of having female breast Do

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Speaker 1: you believe that minor children should be having surgeries that

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Speaker 1: are potentially going to sterilize them for life and never

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Speaker 1: allow them to have children, Because what you are trying

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Speaker 1: to say is that it is bigoted of anyone who says, hey,

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Speaker 1: you shouldn't be able to do this. And I think

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Speaker 1: you could even start with an easy question Buck. You

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Speaker 1: could be like, hey, Joe Biden, do you think fourteen

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Speaker 1: year old should be able to get tattoos? I bet

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Speaker 1: as answer would be no, because most parents would say no,

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Speaker 1: I don't think of a a fourteen year old should be

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Speaker 1: able to get as we discussed yesterday. Any anybody who

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Speaker 1: who would hear about a fourteen year old getting breast

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Speaker 1: augmentation surgery would say, well, that's outrageous. You can't do that.

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Speaker 1: That doesn't make that body is still growing and that's

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Speaker 1: not yet an adult, and that's a long term decision.

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Speaker 1: But remove the breast tissue forever and leave awful looking

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Speaker 1: scars that somehow is okay, you know, Clay. One of

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Speaker 1: the problems we have here is that not only is

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Speaker 1: there a massive agenda at work of people who are

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Speaker 1: trying very hard to effectively destroy gender and with it

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Speaker 1: the family and traditional values, which is really what the

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Speaker 1: left in this country is doing. And I know that

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Speaker 1: sounds maybe a bit a bit alarmist, but I think

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Speaker 1: that's the case that has to be made now. I mean,

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Speaker 1: they really do want to seek to eradicate gender distinction

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Speaker 1: and also family bonds. All communists want to do that.

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Speaker 1: By the way, this always happens if you go and

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Speaker 1: look at it. But there's also a lot of people

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Speaker 1: who have been complicit in this medical community, these hospitals.

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Speaker 1: And remember what they were saying for a while when

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Speaker 1: this was coming out, And I know that Tennessee in

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Speaker 1: the state of Tennessee, they took some action on the

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Speaker 1: transgender surgeries for adolescence for people who are not yet adults.

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Speaker 1: They started saying, oh, we're getting threats, We're getting threats

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Speaker 1: at these hospitals. You're promoting violence against us. This is

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Speaker 1: one of the most underhanded and pernicious tactics that the

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Speaker 1: Democrats use on a regular basis. When we find out

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Speaker 1: they're doing something that is indefensible, when the people are

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Speaker 1: actually focused on it, what do they do. They say,

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Speaker 1: you're calling for violence against us. No one's calling for

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Speaker 1: violence against anyone. We're trying to actually stop, in a sense,

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Speaker 1: medically approved violence against children in the name of this

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Speaker 1: insane trans agenda that, as we know, it's going up

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Speaker 1: thousands children that think they're trans is going up thousands

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Speaker 1: of percentage points at the same time that the media's

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Speaker 1: descriptions of the need for trans ideology is going up

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Speaker 1: of percentage points. This is not a coincidence. We're all

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Speaker 1: very aware of this, and it is essentially a mass

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Speaker 1: formation psychosis of its own, just like masking and all

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Speaker 1: the rest of it. I think what it represents buck

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Speaker 1: is there's a desperate need on the progressive up to

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Speaker 1: constantly be more progressive. The slippery slope is real, and

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Speaker 1: so they got a lot of what they've been asking

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Speaker 1: for in terms of gay rights. And most people that's

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Speaker 1: why that argument of oh, you can get married in

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Speaker 1: the day and dragged out of a restaurant where they

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Speaker 1: won't serve you in the afternoon, that's never happened anywhere.

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Speaker 1: It's totally made up there. It isn't any occurrence of that.

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Speaker 1: But there's this desperate need to push so far to

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Speaker 1: find opposition because that's where political relevancy is. But they

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Speaker 1: have pushed so far that now they are advocating for

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Speaker 1: miners to have their breast cut off and potential sterilization

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Speaker 1: of children occurring, and everybody out there buy in, large

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Speaker 1: regardless of their politics. Democrat, Republican, Independent steps back a

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Speaker 1: moment and says, children can't get tattoos at fourteen. To

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Speaker 1: your point, they can't get breast augmentation at fourteen, or

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Speaker 1: they certainly shouldn't be. How in the world can we

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Speaker 1: justify this type of surgery on an adolescent. And their

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Speaker 1: argument is because they don't know any other way to

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Speaker 1: make it. You're bigoted if you disagree with us, and

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Speaker 1: that's actually what Joe Biden's making from the White House,

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Speaker 1: and I just think he doesn't even understand what he's

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Speaker 1: now arguing for he's reading off the teleprompter, which is

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Speaker 1: why he needs to be grilled in specifics on this.

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Speaker 1: There is a medical psychological condition called body integrity identity disorder,

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Speaker 1: and it's when somebody believes that they should not have

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Speaker 1: an arm. They just I shouldn't have And I know

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Speaker 1: this is I mean when we say things are crazy,

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Speaker 1: this is truly crazy. I mean, this is a severe

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Speaker 1: mental illness, but it's a real thing, body identity entirety disorder.

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Speaker 1: And they'll say I shouldn't have an arm, and I

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Speaker 1: want a doctor to remove it safely. Yeah, it would

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Speaker 1: be deeply unethical and criminal for a doctor to say,

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Speaker 1: you're right, you've got two arms, you should only have one.

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Speaker 1: But when it comes to genitalia, all of a sudden,

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Speaker 1: beast doctors feel very very differently. Someone explain that to me.

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Speaker 1: In fact, Clay, someone explained this one to me as well.

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Speaker 1: You may have seen this just another NBC news story.

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Speaker 1: I'm sorry, CBS news story, where you do you know

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Speaker 1: what I'm talking about here? You've got some California school

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Speaker 1: official accused of bringing high school choir members to a

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Speaker 1: private adult party where there was a Dirty Santa open

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Speaker 1: bar and half naked men. Now, half naked men means right, shirtless,

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Speaker 1: I assume, because you know, if you're downstairs areas naked,

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Speaker 1: you're naked naked, right, there's no half naked unless you're

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Speaker 1: so shirtless men Dirty Santa and apparently said some things

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Speaker 1: that were inappropriate in front of high school kids. This

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Speaker 1: is a CBS news story. Where are the CBS News

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Speaker 1: stories about adult men dressed as women at drag shows

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Speaker 1: in fishnets and thongs, gyrating their butts and other parts

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Speaker 1: in front of small children while other adults clap and

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Speaker 1: cheer and video this as in the drag brunch hour

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Speaker 1: thing that we've been seeing over and over again in

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Speaker 1: front of toddlers. How is one of these things? Oh

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Speaker 1: my gosh, the high school students were exposed to dirty

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Speaker 1: talk and shirtless men. They've got people gyrating their butts

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Speaker 1: in front of toddlers. But because it's trans, because it's drag,

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Speaker 1: it's okay. Now, mean, that's been my argument for some time.

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Speaker 1: I mean, if you took a toddler or kid into

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Speaker 1: a strip club. You'd get your kids taken from you

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Speaker 1: and you would go to jail. I don't understand how

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Speaker 1: big business has suddenly decided that drag shows are appropriate

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Speaker 1: in you know, family environments. I think it's crazy. Yeah,

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Speaker 1: we'll come back into more of this in a second team.

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Speaker 1: You know, you can pay a lot less for your

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Speaker 1: because pure Talk is simply smarter wireless. Clay, Travis and

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Speaker 1: Buck Sexton voices of sanity and insane World. Welcome back

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Speaker 1: in Clay Travis Buck Sexton show. We know Joe Biden

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Speaker 1: doesn't have any idea what he's talking about, but it's

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Speaker 1: important to note how far they have moved the left

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Speaker 1: wing agenda. Now, if you don't support surgeries on minor

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Speaker 1: children to change their gender, you are a bigot. Here

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Speaker 1: is more of what Joe Biden said in the signing ceremony.

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Speaker 1: You remember this was ostensibly to preserve the right to

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Speaker 1: gay marriage and in a racial marriage. Listen to this. Racism,

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Speaker 1: anti semitism, homophobia, transphobia, they're all connected. But the antidote

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Speaker 1: to hate is love. This law and the love it

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Speaker 1: defends strike a blow against hate in all its forms

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Speaker 1: and That's why this law matters to every single American,

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Speaker 1: no matter who you are or who you love. This

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Speaker 1: shouldn't be about conservative or liberal, red or blue. No,

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Speaker 1: this is about realizing the promise of the Decoration of Independence,

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Speaker 1: a promise rooted and a sacred and secular beliefs, a

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Speaker 1: promise that we're all created equal. Yeah, okay, so they're

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Speaker 1: gonna lecture us on love. I'm wondering, is it love

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Speaker 1: when they needlessly dragged people of faith out of churches

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Speaker 1: and and we're threatening to arrest priests for wanting to

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Speaker 1: hold services. Was it love when they dragged people off

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Speaker 1: of airplanes for not one who wear masks, which were

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Speaker 1: moronic and radical on every level. When Biden was saying

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Speaker 1: he wanted hundreds of thousands, perhaps millions of people to

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Speaker 1: get fired from their jobs, unable to provide for their

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Speaker 1: families because they didn't get a vaccine that doesn't work

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Speaker 1: that they didn't need. Is it love when they suggest

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Speaker 1: that aboarding a baby in the seventh, eighth, ninth month

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Speaker 1: of pregnancy is not just something that should be legal,

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Speaker 1: but a moral act of women's freedom. I'm not taking

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Speaker 1: any lectures on love from these COMI psychos. I'm sorry,

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Speaker 1: I'm I'm just not going to do it right now

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Speaker 1: because they don't have the moral high ground Clay as

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Speaker 1: a general matter, and these things they're talking about aren't

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Speaker 1: even disputes right now in terms of gay marriage is

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Speaker 1: not something that the right is disputing. Inter Racial marriage

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Speaker 1: is certainly not something the right is disputing. So why

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Speaker 1: create these issues that aren't even there because they don't

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Speaker 1: know how to govern without them. I think that's what

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Speaker 1: everybody has to do. They have to have something to

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Speaker 1: fight on, even if it means cutting your fourteen year

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Speaker 1: If you're a small business owner by their definition, and

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Speaker 1: incredible tax attorneys who are specialists in this field. You

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Speaker 1: They're share. They'll share a percentage of the proceeds they

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Speaker 1: get back with you. How do you find out if

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Speaker 1: Fleet Travis and Buck Sexton on the front Lines of Truth.

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Speaker 1: Welcome back to Clay Travis and Buck Sexton Show. We

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Speaker 1: know that FTX, the crypto platform, has collapsed into bankruptcy.

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Speaker 1: This thing is a total mess. We also know that

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Speaker 1: Sam Bankman Freed is somebody who was using effective altruism

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Speaker 1: is the term that was being bandied about, writing checks

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Speaker 1: to the right kind of people, doing the right kind

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Speaker 1: of things, defeating global climate change for one. Things like that.

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Speaker 1: How much money was actually out there you may have

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Speaker 1: seen there was. There were seventy million dollars given of

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Speaker 1: what are now being described illegal campaign contributions. It seems

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Speaker 1: that Bankman Freed was hiding the source of a lot

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Speaker 1: of these donations to different political candidates, but I actually

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Speaker 1: think it's even worse than that. I think the more

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Speaker 1: we get into what happened here, people will see that

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Speaker 1: while follow the money is a very important mantra, when

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Speaker 1: it comes to a massive crypto ex change operating offshore

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Speaker 1: in the Bahamas, it may not even really be possible

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Speaker 1: to follow the money. Here is the CEO, John Ray,

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Speaker 1: who's now he's taken over as part of the bankruptcy,

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Speaker 1: so he had nothing to do with FTX when it

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Speaker 1: was operating. He comes in, you know, he's like a

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Speaker 1: like a firefighter who shows up when the house is

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Speaker 1: pretty much burned down to say, all right, let's let's

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Speaker 1: sift through the wreckage of this. And he's been doing

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Speaker 1: this for forty years. This guy has seen a lot.

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Speaker 1: Here he is pointing out they were operating with billions

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Speaker 1: of dollars of customer money here, and he says, play

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Speaker 1: clip two here there's no record keeping really at all.

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Speaker 1: The FTX group is unusual in the sense that, you know,

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Speaker 1: I've done probably a dozen large scale bankruptcies over my career,

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Speaker 1: including n RUN. Of course, every one of those entities

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Speaker 1: had some financial problem or another. They have some characteristics

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Speaker 1: that are in common. This one is unusual, and it's

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Speaker 1: unusual in the sense that literally, you know, there's no

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Speaker 1: record keeping. What's so, however, it's the absence of record keeping.

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Speaker 1: Employees would communicate invoicing and expenses on slack, which is,

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Speaker 1: you know, essentially you know a way of communicating. For

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Speaker 1: chat rooms, they use QuickBooks. Multibillion dollar company using QuickBooks,

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Speaker 1: billions of dollars play of people's money, and they're basically

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Speaker 1: texting each other being like, yeah, buy this, or invest that,

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Speaker 1: or do this or do that. It's like a bunch

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Speaker 1: of college kids decided that they were going, well, that

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Speaker 1: is actually what happened. It's not even like this is

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Speaker 1: the situation. But I think what'll be fascinating to see

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Speaker 1: is it's what you know. Elon must Twitter. He thinks

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Speaker 1: it's more like a billion dollars that they gave to

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Speaker 1: different interests and entities, because otherwise, how do you get

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Speaker 1: this far down the road without anyone raising a flag.

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Speaker 1: I think, first of all, what he's saying here is

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Speaker 1: important to recognize. In Enron, there was an attempt to

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Speaker 1: cook the books. There was duplicitous accounting. Based on my

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Speaker 1: reading and understanding, that was difficult to unravel if you

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Speaker 1: are a sophisticated accountant, right, you go in and there

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Speaker 1: are dummied up invoices, there are fake fake, just basically

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Speaker 1: fake bookkeeping. Here. This was just simple embezzlement. He was

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Speaker 1: just taking money from this FTX exchange and essentially using

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Speaker 1: it for his own purposes and also to make trades

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Speaker 1: on the Alameda side. There's basically two companies that were

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Speaker 1: involved here. And then when he suddenly had a run

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Speaker 1: on Alameda and they said, hey, we need to make

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Speaker 1: sure that you have the assets to justify what you

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Speaker 1: have been borrowing. Then he tried to go take more

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Speaker 1: money out of the FTX accounts, but then everybody started

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Speaker 1: to say, wait a minute, FTX is in trouble, and

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Speaker 1: there was a bank run and he was left without

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Speaker 1: the assets on either side of the equation. Now we

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Speaker 1: had yesterday and I thought he was great, Andy McCarthy,

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Speaker 1: and he pointed out the conspiracy charges here, Buck, which

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Speaker 1: is I haven't heard hardly anybody discussing this. Andy McCarthy

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Speaker 1: is rightly pointing out that in order to have a

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Speaker 1: conspiracy you have to have multiple people involved. So far,

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Speaker 1: there's no other charges that have been brought. This suggests

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Speaker 1: that the Southern District of New York has been able

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Speaker 1: to get many of potentially Sam Bankman Freed's co workers

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Speaker 1: or co founders or however you want to classify them,

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Speaker 1: executives in the custody felly polyamorous vegan nerds. They turned

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Speaker 1: on him, and I just want to point this out

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Speaker 1: to buck. It took one month for eight felony charges

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Speaker 1: to be brought against Sam Bankman Freed, which is very

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Speaker 1: fast in the financial world. The FBI has had Hunter

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Speaker 1: Biden's laptop since December of twenty nineteen and they've done nothing.

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Speaker 1: So I just want to point that out there. Three

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Speaker 1: years the FBI has been in possession of Hunter Biden's

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Speaker 1: laptop and they haven't managed to do anything with it.

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Speaker 1: It took them one month to charge Sam Bakman Freed

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Speaker 1: with massive fraud, which usually I was reading this morning.

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Speaker 1: Usually it takes a long time months to put together

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Speaker 1: charges like these, and they took it to a grand jury.

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Speaker 1: So they've been ready since Friday of last week, effectively

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Speaker 1: to lay the lumber on Sam Bakin Free. It may

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Speaker 1: be because this is so obvious and that it is

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Speaker 1: a case of embezzlements and effectively This is a multi

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Speaker 1: billion dollars ponzi scheme via crypto is what he was

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Speaker 1: operating here. And this is again CEO John Ray, guy

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Speaker 1: who tried to pull the pieces together after Enron completely collapse, saying, yeah,

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00:24:58,480 --> 00:25:01,080
Speaker 1: this is just you know, school in beszelm and play for.

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00:25:01,720 --> 00:25:05,040
Speaker 1: This is really old fashioned and embezzlement. This is just

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00:25:05,440 --> 00:25:09,879
Speaker 1: taking money from customers and using it for your own purpose.

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Speaker 1: Not sophisticated at all. Sophisticated perhaps in the way they

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Speaker 1: were able to sort of hide it from people, frankly

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Speaker 1: right in front of their eyes. But this isn't This

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00:25:25,560 --> 00:25:30,320
Speaker 1: isn't you know, sophisticated whatsoever. This is just plain old embezzlement.

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Speaker 1: I mean for him to say that same bankman Freed

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Speaker 1: is going away for a long time. What I'm wondering

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Speaker 1: about is if maybe you know, this is where you

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Speaker 1: get into who's in charge, who runs the d J.

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Speaker 1: But I wonder who he was giving money to. I

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Speaker 1: want to know everybody that he was giving money to.

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Speaker 1: And I'm not talking people keep saying this, oh, we

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Speaker 1: already know the FEC. No, I'm not just talking about

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Speaker 1: the seventy million. Go to NBC News, go to any

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Speaker 1: of these There are lots of people with close connections

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00:26:02,560 --> 00:26:05,360
Speaker 1: to Sam Bankman Freed who were already saying no, no,

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00:26:05,680 --> 00:26:09,320
Speaker 1: The money that he siphoned two people to just the

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00:26:09,520 --> 00:26:13,199
Speaker 1: elites is way beyond the seventy million that we know

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Speaker 1: about right now. I want to know where that money went.

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Speaker 1: And it's a big deal because a lot of that

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Speaker 1: money was ill gotten, meaning it was the put it

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00:26:21,600 --> 00:26:25,359
Speaker 1: was the property of people who had made deposits with FTX.

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Speaker 1: I mean, I think effectively it was pretty much gotten, right.

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Speaker 1: I mean, maybe he made some money on some of

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00:26:30,520 --> 00:26:32,840
Speaker 1: these Alima trades. We don't even know, I mean, if

429
00:26:32,840 --> 00:26:36,639
Speaker 1: he was hedging and everything else. But my point on

430
00:26:36,680 --> 00:26:39,480
Speaker 1: that is, let's say he gave a million dollars to

431
00:26:39,480 --> 00:26:42,160
Speaker 1: the Miami Heat for naming rights, and I'm just tossing

432
00:26:42,200 --> 00:26:44,600
Speaker 1: that out because it was FTX arena, right, you could

433
00:26:44,600 --> 00:26:46,320
Speaker 1: see right on top of the arena. It was a

434
00:26:46,359 --> 00:26:49,920
Speaker 1: big deal. Well, the Miami Heat took that million dollars. Well,

435
00:26:49,960 --> 00:26:53,199
Speaker 1: actually that wasn't their money to have, because it was

436
00:26:53,240 --> 00:26:57,920
Speaker 1: the million dollars that somebody had deposited in FTX. So

437
00:26:57,960 --> 00:26:59,720
Speaker 1: how do you go back because remember what a big

438
00:26:59,760 --> 00:27:03,000
Speaker 1: part of the made off process was they brought in

439
00:27:03,040 --> 00:27:05,680
Speaker 1: the special Master, and I'm using that phrase loosely here,

440
00:27:05,680 --> 00:27:08,760
Speaker 1: but his job was, because at Feinberg, to go back

441
00:27:08,800 --> 00:27:11,680
Speaker 1: and find all of this money that had been distributed

442
00:27:11,920 --> 00:27:14,440
Speaker 1: that was ill gotten gains, and an effort to try

443
00:27:14,440 --> 00:27:16,960
Speaker 1: to make as many of the investors right as possible.

444
00:27:17,920 --> 00:27:20,320
Speaker 1: If I am correct in this, which it seems like

445
00:27:20,400 --> 00:27:24,120
Speaker 1: based on all the evidence, will be true, then every

446
00:27:24,200 --> 00:27:27,680
Speaker 1: dollar that he donated, not just to politicians, buck that's

447
00:27:27,680 --> 00:27:30,400
Speaker 1: a drop in the bucket compared to how much money

448
00:27:30,400 --> 00:27:33,879
Speaker 1: he was giving. All of these charitable institutions, which may

449
00:27:33,880 --> 00:27:35,800
Speaker 1: have already spent this money, and all of these for

450
00:27:36,000 --> 00:27:39,800
Speaker 1: profit institutions get that back. There's no lay to get

451
00:27:39,840 --> 00:27:43,920
Speaker 1: that back. Tom Brady, Gizelle, Steph Curry, Larry David, all

452
00:27:43,920 --> 00:27:46,440
Speaker 1: these super rich people who got paid by him were

453
00:27:46,480 --> 00:27:49,440
Speaker 1: getting paid based on these deposits. It's not actual money.

454
00:27:49,720 --> 00:27:51,720
Speaker 1: I think it's hundreds of millions of dollars, and there's

455
00:27:51,760 --> 00:27:54,080
Speaker 1: no chance that people are going to get that money

456
00:27:54,080 --> 00:27:55,800
Speaker 1: back if I'm right, because of the way that he

457
00:27:55,880 --> 00:27:58,880
Speaker 1: distributed it. Also, when you're talking about crypto, by its

458
00:27:58,960 --> 00:28:02,639
Speaker 1: very nature, it can be incredibly hard to track source

459
00:28:02,680 --> 00:28:05,280
Speaker 1: of and the fact that they had no record keeping

460
00:28:05,480 --> 00:28:08,040
Speaker 1: and they're operating in crypto means, there were probably ways

461
00:28:08,040 --> 00:28:12,080
Speaker 1: that they were able to send along huge amounts of

462
00:28:12,119 --> 00:28:16,000
Speaker 1: cash in effect without people even necessarily being able to

463
00:28:16,040 --> 00:28:19,639
Speaker 1: notice or track it on the regulatory side. I've just

464
00:28:19,960 --> 00:28:22,720
Speaker 1: you know, for anybody, this didn't get as much attention

465
00:28:22,760 --> 00:28:24,200
Speaker 1: as I think it should have. And one of the

466
00:28:24,240 --> 00:28:26,720
Speaker 1: reasons it's because Goldman Sachs was very much involved, and

467
00:28:26,760 --> 00:28:29,120
Speaker 1: there was a lot of a lot of very powerful actors.

468
00:28:29,320 --> 00:28:34,480
Speaker 1: But Joel who was the one MDB fraudster of billion

469
00:28:34,520 --> 00:28:38,400
Speaker 1: dollars whale fame, that's in dollar whale. What was that

470
00:28:38,480 --> 00:28:42,040
Speaker 1: Malaysia right, it was at one MDB was a Malaysian

471
00:28:42,640 --> 00:28:47,080
Speaker 1: sovereign wealth fund that he set up. But they used

472
00:28:47,080 --> 00:28:50,960
Speaker 1: that money to fund a production company that actually was

473
00:28:51,000 --> 00:28:54,640
Speaker 1: the production company that made the Leonardo DiCaprio movie The

474
00:28:54,680 --> 00:28:57,360
Speaker 1: Wolf of Wall Street. So don't think for a second

475
00:28:57,720 --> 00:29:00,240
Speaker 1: that these guys, when they're running their massive scale as

476
00:29:00,240 --> 00:29:02,600
Speaker 1: don't go, you know, it would be fun film or

477
00:29:02,640 --> 00:29:04,920
Speaker 1: to fund one hundred million dollar movie and have Leo

478
00:29:05,040 --> 00:29:08,440
Speaker 1: starn It that is who actually funded The Wolf of

479
00:29:08,480 --> 00:29:11,160
Speaker 1: Wall Street, which is a movie, as you know, about

480
00:29:11,160 --> 00:29:13,760
Speaker 1: a guy doing pump and dump scams and ripping off

481
00:29:13,760 --> 00:29:17,080
Speaker 1: main street investors in wall streets. So the world has

482
00:29:17,120 --> 00:29:20,360
Speaker 1: some weird sense of humor, and it was profitable. Unlike

483
00:29:20,360 --> 00:29:22,120
Speaker 1: a lot of the other things they did. They probably

484
00:29:22,120 --> 00:29:24,880
Speaker 1: made money on that. I would say, also, we can

485
00:29:24,880 --> 00:29:26,560
Speaker 1: come back and talk a little bit more about this.

486
00:29:26,920 --> 00:29:30,360
Speaker 1: One reason there's no records, Buck, is because crypto at

487
00:29:30,360 --> 00:29:33,640
Speaker 1: its core is about not letting the government know what

488
00:29:33,720 --> 00:29:36,800
Speaker 1: you have. Yes, anonymity is baked as baked into the

489
00:29:36,840 --> 00:29:39,920
Speaker 1: whole crypto infrastructure. So the fact that I'm sure that's

490
00:29:39,920 --> 00:29:42,360
Speaker 1: going to be part of their defense is the reason

491
00:29:42,400 --> 00:29:44,960
Speaker 1: why we didn't have a lot of books. Is because

492
00:29:45,080 --> 00:29:47,760
Speaker 1: the goal of crypto is not to be able to

493
00:29:47,760 --> 00:29:50,480
Speaker 1: track every single aspect of crypto. I mean, how do

494
00:29:50,520 --> 00:29:53,800
Speaker 1: you track a made up coin? I mean, these regulators

495
00:29:53,800 --> 00:29:55,440
Speaker 1: are so far and I think that's where a lot

496
00:29:55,480 --> 00:29:58,560
Speaker 1: of the arrogance came from, because they're investing in coins

497
00:29:58,560 --> 00:30:01,800
Speaker 1: that are total digital fabric locations that unless you're operating

498
00:30:01,840 --> 00:30:05,160
Speaker 1: in the crypto world, you have no idea what it

499
00:30:05,200 --> 00:30:08,040
Speaker 1: even is. We think the government regulators are going to

500
00:30:08,120 --> 00:30:10,600
Speaker 1: know how to find that stuff. Well, not only that, Buck,

501
00:30:10,720 --> 00:30:14,920
Speaker 1: even people who buy crypto forget their passwords and can't

502
00:30:14,920 --> 00:30:17,200
Speaker 1: get back in. Have you read some of that stuff, like,

503
00:30:17,520 --> 00:30:19,520
Speaker 1: I mean, can you imagine having like one hundred million

504
00:30:19,560 --> 00:30:22,080
Speaker 1: dollars in crypto and not knowing your password? I mean,

505
00:30:22,160 --> 00:30:24,160
Speaker 1: I can't log into my email after three tries and

506
00:30:24,200 --> 00:30:26,000
Speaker 1: I want to throw my laptop through the window. So

507
00:30:26,120 --> 00:30:28,440
Speaker 1: I cannot imagine what that's like. Anyone who has ever

508
00:30:28,520 --> 00:30:32,000
Speaker 1: dealt with password frustrations, imagine if you had one hundred

509
00:30:32,040 --> 00:30:35,760
Speaker 1: million dollars that you couldn't access because you couldn't remember

510
00:30:35,840 --> 00:30:39,640
Speaker 1: your password. That's crypto someplaces. I gotta tell you, Look,

511
00:30:39,760 --> 00:30:42,360
Speaker 1: we are not very far from Christmas, as you well know.

512
00:30:42,800 --> 00:30:45,560
Speaker 1: In the Travis household, we got the Little Advent calendar,

513
00:30:45,600 --> 00:30:50,239
Speaker 1: a lot of chocolate getting eaten every single day, and

514
00:30:50,280 --> 00:30:52,080
Speaker 1: I believe I am correct that we are now eleven

515
00:30:52,200 --> 00:30:55,800
Speaker 1: days away from Christmas Day itself, which is why if

516
00:30:55,800 --> 00:30:58,000
Speaker 1: you haven't gotten your Christmas shopping done yet, I've got

517
00:30:58,000 --> 00:31:01,680
Speaker 1: a gift for you, Tuttle Twins books. Today is the

518
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519
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520
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521
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522
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523
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Speaker 1: to young readers. My own eight year old has been

524
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Speaker 1: reading these. And if you want these Tuttle Twin books

525
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Speaker 1: in time for Christmas and to get free shipping, go

526
00:31:33,680 --> 00:31:36,840
Speaker 1: to Tuttle radio dot com right now. Enter the cupon

527
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Speaker 1: code Christmas before the end of the day today. This

528
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529
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530
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531
00:31:51,360 --> 00:31:56,800
Speaker 1: to Tuttle radio dot com again one more time. Tuttl

532
00:31:56,880 --> 00:32:01,040
Speaker 1: e Tuttle radio dot com with the guys on the

533
00:32:01,240 --> 00:32:04,880
Speaker 1: Sunday Hang with Clay and Buck podcast a new episode

534
00:32:05,040 --> 00:32:08,000
Speaker 1: every Sunday. Find it on the iHeart app or wherever

535
00:32:08,080 --> 00:32:12,320
Speaker 1: you get your podcasts. Welcome back in Clay, Travis, Buck

536
00:32:12,320 --> 00:32:15,440
Speaker 1: Sexton Show. Appreciate all of you hanging out with us.

537
00:32:17,560 --> 00:32:22,040
Speaker 1: Did you see this Buck? The New York Times we

538
00:32:22,080 --> 00:32:26,400
Speaker 1: said that they had named the January sixth Committee Hearings

539
00:32:27,080 --> 00:32:30,440
Speaker 1: one of the best television shows of twenty twenty two.

540
00:32:30,520 --> 00:32:33,960
Speaker 1: I'm not making that up. That was in their Sunday newspaper.

541
00:32:34,000 --> 00:32:36,400
Speaker 1: I'm looking at it right at the top January sixth

542
00:32:36,400 --> 00:32:39,480
Speaker 1: Committee hearings. But I saw this, and this might even

543
00:32:39,520 --> 00:32:43,880
Speaker 1: be more ridiculous. They named John Fetterman as one of

544
00:32:43,880 --> 00:32:48,560
Speaker 1: the most stylish people of twenty twenty two. John Fetterman,

545
00:32:48,640 --> 00:32:52,480
Speaker 1: of course, who wears hoodies and shorts pretty much everywhere.

546
00:32:54,720 --> 00:32:57,840
Speaker 1: What is your reaction buck to John Fetterman being one

547
00:32:57,840 --> 00:33:00,520
Speaker 1: of the most stylish people of twenty twenty two. At

548
00:33:00,520 --> 00:33:05,520
Speaker 1: some level, it's obviously trolling. Also, I feel like from

549
00:33:05,520 --> 00:33:08,640
Speaker 1: my glass house on this issue, I am slow to

550
00:33:08,720 --> 00:33:12,320
Speaker 1: throw stones because you know, as we sit here in

551
00:33:12,760 --> 00:33:17,280
Speaker 1: T shirts in studio, and if it were a little colder,

552
00:33:17,360 --> 00:33:20,040
Speaker 1: what would I be wearing? Yes, in fact, a hoodie

553
00:33:20,600 --> 00:33:23,760
Speaker 1: so that all said. I'm not a senator or soon

554
00:33:23,800 --> 00:33:26,800
Speaker 1: to be senator, and if I were, I certainly would

555
00:33:26,800 --> 00:33:31,040
Speaker 1: have put on a suit and tie just for decorum's sake.

556
00:33:31,800 --> 00:33:34,880
Speaker 1: But I think, and I don't like to overstate these things.

557
00:33:35,640 --> 00:33:37,560
Speaker 1: I do believe that at some level it is part

558
00:33:37,600 --> 00:33:42,040
Speaker 1: of the the Democrat apparatus mentality that they can get you,

559
00:33:42,320 --> 00:33:45,400
Speaker 1: They can say anything they want about anyone and force

560
00:33:45,480 --> 00:33:47,440
Speaker 1: you to believe it. You know, they can tell you

561
00:33:47,480 --> 00:33:50,000
Speaker 1: that the ugliest person is beautiful. They can tell you

562
00:33:50,040 --> 00:33:53,520
Speaker 1: the least fashionable person is a fashion icon. They can

563
00:33:53,560 --> 00:33:56,800
Speaker 1: tell you that men can get pregnant. That is the mentality.

564
00:33:56,920 --> 00:33:58,960
Speaker 1: Deal with it. We can make up reality as we

565
00:33:59,040 --> 00:34:02,480
Speaker 1: go along. Do you think this is an interesting question too?

566
00:34:03,400 --> 00:34:05,760
Speaker 1: Sam Bankman Freed may spend the rest of his life

567
00:34:05,800 --> 00:34:09,640
Speaker 1: in prison. Do you think that he is going to

568
00:34:09,760 --> 00:34:15,920
Speaker 1: kill the uber genius? I only wear T shirts, shorts,

569
00:34:16,160 --> 00:34:19,799
Speaker 1: and I don't dress very well vibe right, because this

570
00:34:19,880 --> 00:34:22,520
Speaker 1: has kind of grown Zuckerberg obviously, whether you like him

571
00:34:22,640 --> 00:34:27,160
Speaker 1: or not, Facebook is a wildly successful company, and he

572
00:34:27,200 --> 00:34:30,239
Speaker 1: would wear hoodies and flip flops and stuff like that,

573
00:34:30,320 --> 00:34:32,880
Speaker 1: and I think that's the aesthetic that Sam Bankman Freed

574
00:34:32,960 --> 00:34:36,200
Speaker 1: has built on. Does this kill it or does this

575
00:34:36,440 --> 00:34:38,759
Speaker 1: continue now? I don't think so, and I think that

576
00:34:38,800 --> 00:34:42,200
Speaker 1: it's an outgrowth. I believe that Tom Wolfe, the celebrated

577
00:34:42,239 --> 00:34:46,040
Speaker 1: author who's actually a conservative. Bonfire the Vanities is his

578
00:34:46,160 --> 00:34:49,440
Speaker 1: best known but I think he wrote a series of

579
00:34:49,520 --> 00:34:53,759
Speaker 1: essays called hooking Up a while ago, like twenty years ago,

580
00:34:54,320 --> 00:34:56,960
Speaker 1: and it was in part it was about Silicon Valley

581
00:34:57,000 --> 00:35:00,400
Speaker 1: culture yeah, And this is where you get this idea

582
00:35:00,560 --> 00:35:03,040
Speaker 1: that in the nineties, you know, if you were one

583
00:35:03,080 --> 00:35:06,640
Speaker 1: of the Wall Street Masters of the universe another Tom

584
00:35:06,640 --> 00:35:10,399
Speaker 1: Wolf phrase from Bonfire the Vanities, which picks up from

585
00:35:10,480 --> 00:35:12,400
Speaker 1: Heman for those of you who like me, grew up

586
00:35:12,440 --> 00:35:15,480
Speaker 1: as Heman fans, the Castle, Gray Skull, the whole thing,

587
00:35:16,360 --> 00:35:18,320
Speaker 1: but that if you're a Wall Street Master of the universe,

588
00:35:18,360 --> 00:35:20,560
Speaker 1: you had to wear a saval Row suit, you know,

589
00:35:20,560 --> 00:35:23,880
Speaker 1: a five thousand dollar custom made suit, etc. Then Silicon

590
00:35:24,000 --> 00:35:26,840
Speaker 1: Valley came along, and you had these people living in

591
00:35:26,880 --> 00:35:31,280
Speaker 1: northern California who were walking around in hoodies and fleece vests,

592
00:35:31,320 --> 00:35:33,600
Speaker 1: who weren't used to having a dress up because they

593
00:35:33,600 --> 00:35:36,080
Speaker 1: were working around computers and servers. And now they were

594
00:35:36,080 --> 00:35:38,160
Speaker 1: the richest people pretty much on the planet and certainly

595
00:35:38,200 --> 00:35:41,239
Speaker 1: the most influential in the world of business and the

596
00:35:41,239 --> 00:35:43,640
Speaker 1: stock market on the planet. So I think that it's

597
00:35:43,719 --> 00:35:46,640
Speaker 1: it came to us from that at some level, and

598
00:35:46,760 --> 00:35:49,360
Speaker 1: there is a I wear whatever I want to wear

599
00:35:49,800 --> 00:35:53,399
Speaker 1: attitude that started with some of the Silicon Valley folks.

600
00:35:53,440 --> 00:35:57,359
Speaker 1: Obviously Zuckerberg Steve Jobs with the black turtleneck sweater and

601
00:35:57,440 --> 00:36:00,560
Speaker 1: now has I think filtered into the rest of society

602
00:36:00,560 --> 00:36:02,279
Speaker 1: where a lot of people it's like, I wear what

603
00:36:02,320 --> 00:36:03,960
Speaker 1: I want to wear because I can. I don't think

604
00:36:04,000 --> 00:36:08,160
Speaker 1: that's going away. Yeah, the power dynamic of and I

605
00:36:08,200 --> 00:36:10,359
Speaker 1: was looking at some of the pictures I've been reading

606
00:36:10,400 --> 00:36:14,240
Speaker 1: a lot about this Sam Bankman Freed story and Buck

607
00:36:14,840 --> 00:36:17,080
Speaker 1: as I was watching and looking at it. When you're

608
00:36:17,080 --> 00:36:19,719
Speaker 1: sitting next to Giselle Bunchen and you're in a T

609
00:36:19,880 --> 00:36:22,319
Speaker 1: shirt and shorts, you don't look great all the time

610
00:36:22,360 --> 00:36:24,000
Speaker 1: in a T shirt and shorts, no matter who you're

611
00:36:24,040 --> 00:36:26,480
Speaker 1: sitting next to. But when she's dressed up like the

612
00:36:26,520 --> 00:36:29,680
Speaker 1: supermodel that she is, it's pretty incongruous to have that

613
00:36:29,760 --> 00:36:32,680
Speaker 1: pairing side by side. We come back. We've been talking

614
00:36:32,680 --> 00:36:35,399
Speaker 1: about the power of big tech Wall Street Journal. Buck

615
00:36:35,440 --> 00:36:39,600
Speaker 1: had a really interesting argument that there is criminal prosecution

616
00:36:39,680 --> 00:36:43,320
Speaker 1: to be had based on what Twitter executives are doing.

617
00:36:43,680 --> 00:36:46,680
Speaker 1: But also we're not talking enough about TikTok and the

618
00:36:46,719 --> 00:36:48,760
Speaker 1: power that it's having. I want to tell you about

619
00:36:48,760 --> 00:36:50,719
Speaker 1: something that they did too OutKick. We'll talk about that

620
00:36:50,800 --> 00:36:51,040
Speaker 1: next