1 00:00:00,320 --> 00:00:03,400 Speaker 1: Cable news is ripping us apart, dividing the nation, making 2 00:00:03,480 --> 00:00:05,920 Speaker 1: it impossible to function as a society and to know 3 00:00:05,960 --> 00:00:08,720 Speaker 1: what is true and what is false. The good news 4 00:00:08,800 --> 00:00:10,840 Speaker 1: is that they're failing and they know it. That is 5 00:00:10,840 --> 00:00:14,840 Speaker 1: why we're building something new. Be part of creating a new, better, healthier, 6 00:00:14,880 --> 00:00:17,960 Speaker 1: and more trustworthy mainstream by becoming a Breaking Points Premium 7 00:00:17,960 --> 00:00:21,520 Speaker 1: member today at breakingpoints dot com. Your hard earned money 8 00:00:21,560 --> 00:00:23,400 Speaker 1: is going to help us build for the midterms and 9 00:00:23,440 --> 00:00:27,400 Speaker 1: the upcoming presidential election so we can provide unparalleled coverage 10 00:00:27,400 --> 00:00:28,640 Speaker 1: of what is sure to be one of the most 11 00:00:28,640 --> 00:00:32,320 Speaker 1: pivotal moments in American history. So what are you waiting for? 12 00:00:32,520 --> 00:00:54,120 Speaker 1: Go to Breakingpoints dot com to help us out. Good morning, everybody, 13 00:00:54,200 --> 00:00:56,480 Speaker 1: Happy Thursday. We have an amazing show for everybody today. 14 00:00:56,480 --> 00:00:58,080 Speaker 1: When do we have Grissel? Indeed we do. I know 15 00:00:58,240 --> 00:01:00,200 Speaker 1: I always say lots of big stories to take it too, 16 00:01:00,320 --> 00:01:04,400 Speaker 1: but today it is like extra super, really true. Lots 17 00:01:04,400 --> 00:01:07,600 Speaker 1: of stuff going on with Russia and Ukraine. Putin going 18 00:01:07,600 --> 00:01:10,840 Speaker 1: ahead and calling up somewhere around three hundred thousand Russian 19 00:01:10,880 --> 00:01:14,240 Speaker 1: citizens that mobilization has begun, protests and reaction of that 20 00:01:14,280 --> 00:01:18,920 Speaker 1: are happening. Plus he's made new threats regarding potential nuclear weapons, 21 00:01:18,920 --> 00:01:21,800 Speaker 1: so dig into that. We'll dig into Biden's big speech 22 00:01:21,840 --> 00:01:24,200 Speaker 1: at the UN. We've also got a massive new legal 23 00:01:24,200 --> 00:01:27,080 Speaker 1: developments for the former president, including some rulings that are 24 00:01:27,080 --> 00:01:29,200 Speaker 1: going against him with regard to the Special Master and 25 00:01:29,240 --> 00:01:33,120 Speaker 1: the classified documents. Also Letitia James, the Attorney General of York, 26 00:01:33,160 --> 00:01:37,000 Speaker 1: announcing a new civil suit against Trump, Trump Junior, Ivanka, 27 00:01:37,240 --> 00:01:40,319 Speaker 1: and Eric. So we have all those details for you. 28 00:01:40,360 --> 00:01:43,039 Speaker 1: We also have big economic news. We have new indications 29 00:01:43,080 --> 00:01:45,119 Speaker 1: about the housing market. We have the FED going ahead 30 00:01:45,120 --> 00:01:48,360 Speaker 1: and moving forward with that seventy five basis point rate hike, 31 00:01:48,600 --> 00:01:51,240 Speaker 1: and actually just on the Bank of England is moving 32 00:01:51,280 --> 00:01:53,200 Speaker 1: forward with a rate hike as well. So that's that 33 00:01:53,360 --> 00:01:56,800 Speaker 1: global tightening that we were talking about. New comments from 34 00:01:56,920 --> 00:02:00,480 Speaker 1: the White House President Biden got a lot of attention, 35 00:02:00,560 --> 00:02:02,680 Speaker 1: I guess, I would say, some support, some flak for 36 00:02:02,760 --> 00:02:05,200 Speaker 1: saying that COVID is over. Now they're kind of trying 37 00:02:05,200 --> 00:02:07,600 Speaker 1: to clarify those comments. So we'll dig into that debate. 38 00:02:07,640 --> 00:02:10,919 Speaker 1: Soger's looking at gas prices. I'm looking at the case 39 00:02:10,919 --> 00:02:13,160 Speaker 1: of Ed Nan Said, who of course was the subject 40 00:02:13,200 --> 00:02:16,640 Speaker 1: of the block buster podcast Cereal It was literally the 41 00:02:16,680 --> 00:02:19,040 Speaker 1: first podcast I ever listened to. Same I would not 42 00:02:19,080 --> 00:02:21,400 Speaker 1: be the person I am today without Sarah kaneg shout 43 00:02:21,400 --> 00:02:23,960 Speaker 1: out to her, because no, literally, I listened to Cereal 44 00:02:24,120 --> 00:02:25,920 Speaker 1: and at the top was an ad one of the 45 00:02:25,919 --> 00:02:29,120 Speaker 1: only ads that's ever worked Walchair audible. Oh, it was 46 00:02:28,880 --> 00:02:30,960 Speaker 1: audib audible. It was always mailship when I was listening 47 00:02:31,000 --> 00:02:32,519 Speaker 1: to it at the beginning, I guess in twenty fourteen, 48 00:02:32,560 --> 00:02:33,680 Speaker 1: it was audible and it was like, Hey, if you 49 00:02:33,760 --> 00:02:35,800 Speaker 1: like this, check out audio books and I was like, oh, okay, 50 00:02:36,000 --> 00:02:38,839 Speaker 1: And I've probably since listened to like over a thousand audiobooks. Wow. 51 00:02:38,880 --> 00:02:40,960 Speaker 1: As a result of it. It was funny because I 52 00:02:41,000 --> 00:02:43,160 Speaker 1: went back. I talked about this in the monologue, but 53 00:02:43,200 --> 00:02:45,919 Speaker 1: I went back and re listened to not every episode 54 00:02:45,919 --> 00:02:47,520 Speaker 1: because there's twelve of them that would be a lot, 55 00:02:47,760 --> 00:02:50,359 Speaker 1: but maybe like four episodes, a sort of key ones, 56 00:02:50,400 --> 00:02:52,480 Speaker 1: the ones about Jay, the ones about like the you 57 00:02:52,520 --> 00:02:54,760 Speaker 1: know that lay out the whole case, et cetera. And 58 00:02:54,800 --> 00:02:57,120 Speaker 1: there were so many parts of it that were so nostalgic, 59 00:02:57,240 --> 00:03:00,240 Speaker 1: like the phone call coming in from the penitentiary and 60 00:03:00,280 --> 00:03:04,120 Speaker 1: like aDNA on saiet ad non sayet yeah, yeah, Anyway, 61 00:03:04,240 --> 00:03:06,959 Speaker 1: Adnan is free. Is he innocent? I'm going to dig 62 00:03:07,000 --> 00:03:10,440 Speaker 1: into what we know. Also, I'm super excited to talk 63 00:03:10,440 --> 00:03:13,359 Speaker 1: about to our guests today. So this guy is the 64 00:03:13,440 --> 00:03:17,240 Speaker 1: lead worker organizer for a new effort to unionize a 65 00:03:17,320 --> 00:03:20,880 Speaker 1: home depot outside of Philadelphia. He also happens to be 66 00:03:21,000 --> 00:03:23,520 Speaker 1: a big breaking points space breaking points, so it's it's 67 00:03:23,520 --> 00:03:26,040 Speaker 1: pretty cool. I'm excited to talk about to him. Home 68 00:03:26,080 --> 00:03:30,359 Speaker 1: depot is like the fifth largest employer in the whole country. Huge, Yeah, 69 00:03:30,400 --> 00:03:33,160 Speaker 1: so if they were able to succeed there, you know, 70 00:03:33,280 --> 00:03:36,800 Speaker 1: that could be potentially, you know, a really significant moment 71 00:03:36,840 --> 00:03:39,200 Speaker 1: in terms of the growing grossroots labor moon. He actually 72 00:03:39,200 --> 00:03:41,360 Speaker 1: said in an interview was like, listen of Chris Mal's 73 00:03:41,720 --> 00:03:44,200 Speaker 1: could do it with an Amazon warehouse. I thought, you know, 74 00:03:44,280 --> 00:03:45,920 Speaker 1: certainly I could do it with the three hundred people 75 00:03:45,960 --> 00:03:47,880 Speaker 1: here at home depots. So we'll see how that effort 76 00:03:48,040 --> 00:03:50,280 Speaker 1: is going. Before we get to any of that, though, 77 00:03:50,280 --> 00:03:52,920 Speaker 1: we got a couple of announcements reminder, live show lo 78 00:03:53,000 --> 00:03:56,320 Speaker 1: to Chicago. Let's put it up there Vic Theator October fifteenth, 79 00:03:56,400 --> 00:03:58,440 Speaker 1: buy tickets. Now there we go, all right, So we 80 00:03:58,480 --> 00:04:00,400 Speaker 1: released a couple of clips from the live show yesterday. 81 00:04:00,400 --> 00:04:01,960 Speaker 1: Actually did quite well, so if you want to go 82 00:04:01,960 --> 00:04:03,840 Speaker 1: ahead and check those out that it's a fun vibe. 83 00:04:03,840 --> 00:04:05,480 Speaker 1: We have a really really good time with it, and 84 00:04:05,520 --> 00:04:07,440 Speaker 1: it's just it's all just about, you know, thank you 85 00:04:07,520 --> 00:04:11,360 Speaker 1: to the audience, and it's very participort participatory. We're all 86 00:04:11,360 --> 00:04:13,720 Speaker 1: having a great time. We reveal our verbal tics. That 87 00:04:13,760 --> 00:04:16,400 Speaker 1: was my favorite. Second. Yeah, people, people enjoyed it, so 88 00:04:16,520 --> 00:04:18,960 Speaker 1: that's great. I'm glad you did. Go ahead my tickets. 89 00:04:19,040 --> 00:04:21,479 Speaker 1: If you're in the Midwest, go ahead. There's a link 90 00:04:21,520 --> 00:04:23,680 Speaker 1: down there in the description. Also used to be going well. 91 00:04:23,760 --> 00:04:26,360 Speaker 1: Number two is the discount going on right now for Counterpoints. 92 00:04:26,400 --> 00:04:29,240 Speaker 1: As we said, ten percent off on an annual membership 93 00:04:29,240 --> 00:04:32,120 Speaker 1: here for Breaking Points helps us fund our expansion and 94 00:04:32,240 --> 00:04:34,400 Speaker 1: hire the person who needs to help Ryan and Emily 95 00:04:34,440 --> 00:04:37,400 Speaker 1: because James is swamped right now. Yes, for producer James, 96 00:04:37,480 --> 00:04:39,000 Speaker 1: he took a bout at the end of the at 97 00:04:39,000 --> 00:04:41,080 Speaker 1: the end of the show in Atlanta, and he loved it. 98 00:04:41,080 --> 00:04:44,240 Speaker 1: So let's forgive it much deserved, much earned. Audience is 99 00:04:44,360 --> 00:04:47,560 Speaker 1: very appreciative as we are of James and the work 100 00:04:47,600 --> 00:04:49,560 Speaker 1: that he does. I also, I just want to remind 101 00:04:49,640 --> 00:04:52,479 Speaker 1: people who are already premium subscribers because Frankly, my dad 102 00:04:52,520 --> 00:04:54,120 Speaker 1: was asking me about this yesterday, so I wanted to 103 00:04:54,120 --> 00:04:56,840 Speaker 1: make sure it is really clear. There's no added subscription 104 00:04:56,960 --> 00:04:59,560 Speaker 1: or whatever. If you are a premium subscriber, you get 105 00:04:59,600 --> 00:05:01,719 Speaker 1: our show. Oh, you get counterpoints, you get the whole 106 00:05:01,760 --> 00:05:04,680 Speaker 1: thing for that same price that it's always been in 107 00:05:04,760 --> 00:05:07,440 Speaker 1: back right now, it's obviously at a discount. It's delivered 108 00:05:07,480 --> 00:05:09,320 Speaker 1: to you in the same way that our show is 109 00:05:09,360 --> 00:05:11,960 Speaker 1: delivered to you, So nothing really changes. You just get 110 00:05:12,000 --> 00:05:14,880 Speaker 1: an extra show in your inbox in on Fridays. So 111 00:05:15,120 --> 00:05:16,840 Speaker 1: pretty cool thing. Oh yeah, that was the last one. 112 00:05:16,880 --> 00:05:18,960 Speaker 1: We sent out the full live show to all of 113 00:05:18,960 --> 00:05:21,120 Speaker 1: our premium members. They can watch the full thing. A 114 00:05:21,160 --> 00:05:23,040 Speaker 1: lot of you guys, did you guys seem to really 115 00:05:23,120 --> 00:05:24,719 Speaker 1: enjoy it. So we're not going to release the full 116 00:05:24,720 --> 00:05:26,680 Speaker 1: thing to everybody. If you do want to be If 117 00:05:26,680 --> 00:05:28,599 Speaker 1: you do want to watch the live show and see 118 00:05:28,600 --> 00:05:30,679 Speaker 1: exactly what was going on, sign up a premium membership. 119 00:05:30,680 --> 00:05:32,680 Speaker 1: It's part of your discount. You can watch it, you 120 00:05:32,720 --> 00:05:34,680 Speaker 1: can listen to it, whatever you want. Okay, let's get 121 00:05:34,720 --> 00:05:37,080 Speaker 1: to the show. Let's start with Putin. Obviously this is 122 00:05:37,080 --> 00:05:40,280 Speaker 1: the biggest news, not only what Putin announced late Tuesday. Well, 123 00:05:40,320 --> 00:05:42,840 Speaker 1: I guess you know, Tuesday to Wednesday, very early in 124 00:05:42,880 --> 00:05:45,440 Speaker 1: the morning. But all of the geopolitical reaction, We're going 125 00:05:45,480 --> 00:05:47,680 Speaker 1: to start very first with what Putin had to say. 126 00:05:47,760 --> 00:05:50,360 Speaker 1: Let's put this up there on the screen. Putin declares 127 00:05:50,480 --> 00:05:54,880 Speaker 1: partial mobilization of the Russian defense forces. The decree was 128 00:05:54,920 --> 00:05:58,400 Speaker 1: signed that says, quote, this is a translation. Only citizens 129 00:05:58,400 --> 00:06:01,159 Speaker 1: who are currently in the reserved and above all, those 130 00:06:01,160 --> 00:06:04,920 Speaker 1: who served in the armed forces have certain military specialties 131 00:06:05,120 --> 00:06:09,520 Speaker 1: and relevant experience will be subject to conscription. It's effectively 132 00:06:09,800 --> 00:06:12,520 Speaker 1: the same as the United States calling up like the 133 00:06:12,600 --> 00:06:15,799 Speaker 1: National Guard or the US Army Reserve. So not going 134 00:06:16,080 --> 00:06:19,200 Speaker 1: fully to the general population, like drafting them into base training, 135 00:06:19,400 --> 00:06:22,880 Speaker 1: but people who have already previous military experience. So let 136 00:06:22,880 --> 00:06:25,240 Speaker 1: me say though that you know, that's what they're saying, 137 00:06:25,279 --> 00:06:28,159 Speaker 1: and that's how they're selling it. But the order that 138 00:06:28,240 --> 00:06:31,240 Speaker 1: he signed does not actually specify those limitaris. So it's 139 00:06:31,240 --> 00:06:33,600 Speaker 1: actually just in his speech, not actually in his way. Yeah, 140 00:06:33,600 --> 00:06:35,599 Speaker 1: so in terms of how they're implementing it now, it 141 00:06:35,640 --> 00:06:37,800 Speaker 1: appears that that's the direction they're going in, but the 142 00:06:37,920 --> 00:06:41,520 Speaker 1: order actually is a much broader potential mobilization. So important 143 00:06:41,520 --> 00:06:43,440 Speaker 1: thing to keep in mind very important one. And look, 144 00:06:43,480 --> 00:06:45,680 Speaker 1: this gives us a lot of insight into the state 145 00:06:45,720 --> 00:06:47,600 Speaker 1: of the Russian militaries, like how many of the best 146 00:06:47,600 --> 00:06:49,560 Speaker 1: people have already been called up, how many have they 147 00:06:49,600 --> 00:06:51,320 Speaker 1: churned through? How many you know, there's a lot of 148 00:06:51,960 --> 00:06:54,479 Speaker 1: so called refused nicks, people who are just refusing not 149 00:06:54,560 --> 00:06:57,400 Speaker 1: to serve in the quote unquote Special Operation Zone because 150 00:06:57,400 --> 00:06:59,520 Speaker 1: we're like, we don't want to go to war with Ukraine. Yeah, 151 00:06:59,520 --> 00:07:00,800 Speaker 1: I don't want to need to do a bit. Well, 152 00:07:00,800 --> 00:07:03,880 Speaker 1: there's reports of huge lineups at the border of Russian 153 00:07:03,920 --> 00:07:06,440 Speaker 1: men trying to get out of the country before this 154 00:07:06,480 --> 00:07:09,480 Speaker 1: comes for them. There were reports that I think were 155 00:07:09,520 --> 00:07:12,040 Speaker 1: kind of unconfirmed that the airlines have been told to 156 00:07:12,080 --> 00:07:14,360 Speaker 1: stop selling tickets. There's a lot of rumors going out 157 00:07:14,360 --> 00:07:16,120 Speaker 1: at Russia. Yeah, so I don't know if that one 158 00:07:16,160 --> 00:07:18,160 Speaker 1: is accurate or not, but there certainly is a lot 159 00:07:18,160 --> 00:07:20,880 Speaker 1: of video floating around of you know, big lineups at 160 00:07:20,880 --> 00:07:22,800 Speaker 1: the border of people like I'm getting the hell out 161 00:07:22,800 --> 00:07:24,680 Speaker 1: of here before I have to go and fight in 162 00:07:24,760 --> 00:07:26,960 Speaker 1: this stupid war that I didn't want anything to do 163 00:07:27,000 --> 00:07:29,440 Speaker 1: with it it. We're freaking out, and you know, immediately after 164 00:07:29,560 --> 00:07:31,840 Speaker 1: the Putin speech, let's put this up there. The Russian 165 00:07:31,880 --> 00:07:34,840 Speaker 1: Defense Minister Sergei Shogu, he came out and said that 166 00:07:34,920 --> 00:07:38,680 Speaker 1: Russia is going to draft three hundred thousand reservists to 167 00:07:38,720 --> 00:07:42,280 Speaker 1: support the military campaign in Ukraine. He also gave us 168 00:07:42,480 --> 00:07:45,840 Speaker 1: one of the most laughable statistics yet that only five, 169 00:07:46,320 --> 00:07:49,239 Speaker 1: nine hundred and thirty seven Russian soldiers have been killed 170 00:07:49,240 --> 00:07:52,200 Speaker 1: since the start of the conflict. That is ludicrous the 171 00:07:52,280 --> 00:07:55,080 Speaker 1: actual I mean, look, nobody knows the actual number, but 172 00:07:55,120 --> 00:07:57,840 Speaker 1: it's probably more along the lines of like ten thousand 173 00:07:57,880 --> 00:08:00,320 Speaker 1: to twenty thousand than it is six thousand. And we 174 00:08:00,440 --> 00:08:03,480 Speaker 1: know that based on actual open source stuff coming out 175 00:08:03,520 --> 00:08:06,440 Speaker 1: of Russia of people who are posting and you know, 176 00:08:06,560 --> 00:08:09,200 Speaker 1: mourning their loved ones. This is just like what happened 177 00:08:09,200 --> 00:08:11,760 Speaker 1: to the Soviets in Afghanistan. They always tried to cover 178 00:08:11,880 --> 00:08:14,000 Speaker 1: up their death toll, and in the end people knew 179 00:08:14,000 --> 00:08:15,200 Speaker 1: the truth because at the end of the day, you 180 00:08:15,240 --> 00:08:18,000 Speaker 1: got to notify somebody's family when they die, and then 181 00:08:18,000 --> 00:08:20,400 Speaker 1: people start talking and going to funerals. It's like, hey, 182 00:08:20,440 --> 00:08:22,560 Speaker 1: there's all these funerals now, all of a sudden, and 183 00:08:22,680 --> 00:08:24,560 Speaker 1: you weren't even supposed to grieve. It was one of 184 00:08:24,600 --> 00:08:26,880 Speaker 1: the biggest. It's one of the factors actually that led 185 00:08:27,000 --> 00:08:29,240 Speaker 1: to the decline of the Soviet Union, especially in terms 186 00:08:29,280 --> 00:08:32,439 Speaker 1: of a lack of confidence in the state. So what 187 00:08:32,480 --> 00:08:34,760 Speaker 1: does all of this mean. Well, there's a lot of 188 00:08:34,760 --> 00:08:36,760 Speaker 1: different ways in order to read it, but I think 189 00:08:37,440 --> 00:08:41,760 Speaker 1: focus first on Russian society because Putin this is a 190 00:08:41,760 --> 00:08:44,840 Speaker 1: big loss for him. He sold this war. As you know, 191 00:08:44,880 --> 00:08:46,680 Speaker 1: I was thinking about it recently in the context of 192 00:08:46,679 --> 00:08:49,760 Speaker 1: the Iraq War. We were sold the Iraq War light footprint, 193 00:08:49,840 --> 00:08:53,200 Speaker 1: one hundred fifty thousand guys, go in, lightning, come out, 194 00:08:53,280 --> 00:08:55,719 Speaker 1: We're out. That's it. And Eric shin Seki and a 195 00:08:55,720 --> 00:08:57,719 Speaker 1: lot of other guys told the US public and the 196 00:08:57,800 --> 00:08:59,559 Speaker 1: US Congress are like, no, you're probably gonna need like 197 00:08:59,559 --> 00:09:02,199 Speaker 1: four hundred thousand people otherwise you're gonna have a massive 198 00:09:02,200 --> 00:09:04,960 Speaker 1: insurgency on your hand. The Bush administration didn't want to listen. 199 00:09:05,200 --> 00:09:07,520 Speaker 1: In this case, that's the Putin and so Putin thought, 200 00:09:07,600 --> 00:09:09,640 Speaker 1: I can do this with a couple hundred thousand guys, 201 00:09:09,840 --> 00:09:11,560 Speaker 1: all this military equipment. We have one of the world 202 00:09:11,600 --> 00:09:14,000 Speaker 1: to war power militaries. Sk me over in like two weeks, 203 00:09:14,160 --> 00:09:17,000 Speaker 1: well six months into this thing. Obviously, they've now also 204 00:09:17,000 --> 00:09:19,520 Speaker 1: suffered a humiliating defeat. So this is kind of like 205 00:09:19,520 --> 00:09:22,760 Speaker 1: the quote unquote surge for Putin. He's doubling down on 206 00:09:22,840 --> 00:09:26,400 Speaker 1: the war in Ukraine and saying, okay, fine, my initial 207 00:09:26,480 --> 00:09:28,719 Speaker 1: cell to the Russian population that this wasn't going to 208 00:09:28,760 --> 00:09:30,920 Speaker 1: really affect your life and I wouldn't have to call 209 00:09:30,960 --> 00:09:33,640 Speaker 1: it preserves a quote unquote special operation, not a war. 210 00:09:34,200 --> 00:09:36,480 Speaker 1: This is a big domestic loss, I think, no matter 211 00:09:36,679 --> 00:09:38,439 Speaker 1: which way that you want to spin it. Yeah, another 212 00:09:38,480 --> 00:09:40,840 Speaker 1: fascinating thing. You know, when I found Crystal, he cited 213 00:09:40,960 --> 00:09:45,840 Speaker 1: nationalist criticism of him on Russian television, which really makes 214 00:09:45,880 --> 00:09:47,440 Speaker 1: me think that it was all a Kremlin plot in 215 00:09:47,480 --> 00:09:52,800 Speaker 1: the beginning, so manufactured manufacture descent coming from the right, 216 00:09:52,880 --> 00:09:56,040 Speaker 1: saying why aren't you doing more? Why aren't you calling up? 217 00:09:56,240 --> 00:09:58,800 Speaker 1: He acknowledged them in his speech and was like, I 218 00:09:58,800 --> 00:10:01,040 Speaker 1: have heard you, I have to you, and that has 219 00:10:01,080 --> 00:10:03,000 Speaker 1: led me to this disace. I mean, it's possible because 220 00:10:03,000 --> 00:10:05,839 Speaker 1: you also saw, like we covered here, the amount of 221 00:10:05,880 --> 00:10:08,640 Speaker 1: criticism that was coming on state TV and from these 222 00:10:08,679 --> 00:10:11,640 Speaker 1: bloggers that you know normally isn't really allowed. So the 223 00:10:11,679 --> 00:10:14,199 Speaker 1: fact that it was allowed, that's possible. I mean, it's 224 00:10:14,200 --> 00:10:17,160 Speaker 1: also possible that Look, genuinely, the place he feels pressure 225 00:10:17,200 --> 00:10:20,880 Speaker 1: from is from his right, from the harder core nationalists. 226 00:10:20,960 --> 00:10:24,320 Speaker 1: And so after this, you know, what has been a 227 00:10:24,360 --> 00:10:28,640 Speaker 1: series of stunning advances by the Ukrainian military and stunning 228 00:10:28,679 --> 00:10:31,840 Speaker 1: setbacks for Russia, he kind of had to do something, 229 00:10:32,640 --> 00:10:36,199 Speaker 1: And so the bulk of the political pressure was coming 230 00:10:36,200 --> 00:10:39,040 Speaker 1: from that more nationalist front, and he certainly, you know, 231 00:10:39,120 --> 00:10:42,319 Speaker 1: for him, this is existential, Like if they just lose, 232 00:10:42,800 --> 00:10:45,280 Speaker 1: that's going to be a disaster for him. He cannot 233 00:10:45,320 --> 00:10:47,840 Speaker 1: allow that to happen. It probably would be the end 234 00:10:47,840 --> 00:10:51,880 Speaker 1: of his presidency. So to me, nothing lays out the 235 00:10:52,720 --> 00:10:56,320 Speaker 1: sort of context here better than that image of the 236 00:10:56,400 --> 00:11:00,200 Speaker 1: day that they're suffering these humiliating defeats in Ukraine. Is 237 00:11:00,200 --> 00:11:04,319 Speaker 1: there inaugurating a new ferris wheel. Like they were still 238 00:11:04,360 --> 00:11:07,920 Speaker 1: trying to hold on to this idea that the bulk 239 00:11:07,960 --> 00:11:12,560 Speaker 1: of the public could be insulated from this conflict and 240 00:11:12,600 --> 00:11:15,560 Speaker 1: that it wouldn't have to impact their lives. It became, 241 00:11:15,840 --> 00:11:18,679 Speaker 1: you know, this was just like a total defeat of 242 00:11:18,720 --> 00:11:21,600 Speaker 1: that original strategy that Okay, we could do a little 243 00:11:21,640 --> 00:11:24,040 Speaker 1: bit of war over here in the public won't even notice. 244 00:11:24,120 --> 00:11:30,720 Speaker 1: So I guess the more hopeful spin is that he 245 00:11:31,200 --> 00:11:34,120 Speaker 1: is trying to find a way. I've seen some analyst 246 00:11:34,120 --> 00:11:35,920 Speaker 1: saying he's trying to find a way ultimately to get 247 00:11:35,960 --> 00:11:37,839 Speaker 1: out of this but save enough face so that he's 248 00:11:37,880 --> 00:11:40,440 Speaker 1: able to hold on to his presidency. So you have to, like, 249 00:11:40,920 --> 00:11:43,280 Speaker 1: you have to strengthen your hand, because the Ukrainians certainly 250 00:11:43,320 --> 00:11:45,280 Speaker 1: aren't going to agree to a ceasefire or he's deal 251 00:11:45,360 --> 00:11:48,400 Speaker 1: right now when they see total victory in sight. So 252 00:11:48,480 --> 00:11:50,760 Speaker 1: that was one analysis that I saw, that this is 253 00:11:50,760 --> 00:11:53,000 Speaker 1: an attempt to sort of strengthen the hand so that 254 00:11:53,400 --> 00:11:56,000 Speaker 1: he might be in a position to negotiate for some 255 00:11:56,040 --> 00:11:59,000 Speaker 1: sort of ceasefire that wouldn't just be utter and total humiliation. 256 00:11:59,280 --> 00:12:02,199 Speaker 1: But there there's no doubt about it. From the beginning 257 00:12:03,360 --> 00:12:05,960 Speaker 1: how he thought this would go, it has not gone 258 00:12:06,200 --> 00:12:08,920 Speaker 1: anything like that. From hoping that it could just be 259 00:12:09,000 --> 00:12:11,360 Speaker 1: this sort of limited effort that the public is protected 260 00:12:11,400 --> 00:12:13,520 Speaker 1: from from thinking they could just roll right into Kiev, 261 00:12:14,000 --> 00:12:16,920 Speaker 1: every step of the way, it has been a disaster 262 00:12:17,000 --> 00:12:19,520 Speaker 1: for them and has not gone according to plan. Now, 263 00:12:19,880 --> 00:12:22,440 Speaker 1: I think it's also important to ask, like, this is 264 00:12:22,480 --> 00:12:24,520 Speaker 1: a lot of people they're callaly, three hundred thousand people 265 00:12:24,640 --> 00:12:26,320 Speaker 1: is a lot of people now, a lot of them 266 00:12:26,440 --> 00:12:29,600 Speaker 1: don't have much, if any training. This is certainly you know, 267 00:12:29,640 --> 00:12:31,920 Speaker 1: they're not sending their best, so to speak. They've lost 268 00:12:32,040 --> 00:12:36,320 Speaker 1: a lot of their sort of most skilled military, well 269 00:12:36,360 --> 00:12:39,880 Speaker 1: trained folks alright, soldiers already. So how much of the 270 00:12:39,880 --> 00:12:42,360 Speaker 1: difference is this going to make? Are they really prepared 271 00:12:42,400 --> 00:12:44,600 Speaker 1: and are they organized enough to have this kind of 272 00:12:44,640 --> 00:12:47,120 Speaker 1: surge into the field into Ukraine. I think those are 273 00:12:47,160 --> 00:12:49,800 Speaker 1: all big, big questions to ask, And it seems to 274 00:12:49,840 --> 00:12:53,000 Speaker 1: me like this winter, for a variety of reasons, is 275 00:12:53,040 --> 00:12:56,120 Speaker 1: really going to be determinative. Not only because we'll see 276 00:12:56,360 --> 00:12:59,120 Speaker 1: whether this surge of personnel makes a difference for Russia 277 00:12:59,160 --> 00:13:01,680 Speaker 1: helps them to turn the tied and regain the upper hand. 278 00:13:01,720 --> 00:13:04,080 Speaker 1: That's number one, number two, and we'll get to this 279 00:13:04,160 --> 00:13:06,880 Speaker 1: more when we talk about Biden's un speech. It'll also 280 00:13:06,920 --> 00:13:10,320 Speaker 1: be a question politically how the US population is still 281 00:13:10,320 --> 00:13:13,360 Speaker 1: responding to this war. We still all in the European populations. 282 00:13:13,360 --> 00:13:15,679 Speaker 1: How does it go with energy prices? You know, how 283 00:13:15,760 --> 00:13:19,079 Speaker 1: much austerity and pain does this winter bring to European populations. 284 00:13:19,400 --> 00:13:21,800 Speaker 1: So I think a lot will be determined over the 285 00:13:21,800 --> 00:13:23,480 Speaker 1: course of this winter. Yeah, I think that's right, And 286 00:13:23,600 --> 00:13:25,120 Speaker 1: you know, we also have to acknowledge some of the 287 00:13:25,160 --> 00:13:27,480 Speaker 1: heroes across Russia. I mean, let's put this up there 288 00:13:27,520 --> 00:13:31,200 Speaker 1: on the screen. Spontaneous protests broke out all across the country. 289 00:13:31,240 --> 00:13:33,640 Speaker 1: Here's video just from Moscow. I'm not going to say 290 00:13:33,640 --> 00:13:35,920 Speaker 1: this is the entire Russian population, but that's a lot 291 00:13:35,960 --> 00:13:38,080 Speaker 1: of people that I'm looking at. It's clearly an organic 292 00:13:38,120 --> 00:13:41,360 Speaker 1: pushback some percentage, yeah, right, exactly. I mean even if 293 00:13:41,400 --> 00:13:43,720 Speaker 1: it's ten percent. And remember, look, to live in an 294 00:13:43,760 --> 00:13:45,880 Speaker 1: authoritarian country like Russia, and it's not like these people 295 00:13:45,920 --> 00:13:48,880 Speaker 1: can easily leave, and to risk your literal life and 296 00:13:48,920 --> 00:13:52,800 Speaker 1: imprisonment to do this takes some serious, serious courage. So 297 00:13:53,080 --> 00:13:55,960 Speaker 1: we want to acknowledge those people. In terms of the military, 298 00:13:56,040 --> 00:13:58,440 Speaker 1: let's put this up there. Michael Kaufman, he's that military 299 00:13:58,480 --> 00:14:01,760 Speaker 1: analyst that we relied on several times throughout this invasion. 300 00:14:02,520 --> 00:14:04,520 Speaker 1: I think he put it in a very measured and 301 00:14:04,559 --> 00:14:07,080 Speaker 1: important way. He's like, look, first and foremost, of course, 302 00:14:07,240 --> 00:14:10,120 Speaker 1: we don't know, so we should not make any deterministic 303 00:14:10,200 --> 00:14:13,080 Speaker 1: or definitive claims. But here's what he says. I would 304 00:14:13,120 --> 00:14:15,880 Speaker 1: not suggest that this can turn around Russia's fortunes in 305 00:14:15,920 --> 00:14:18,000 Speaker 1: the war. As in, are they going to be immediately 306 00:14:18,040 --> 00:14:21,520 Speaker 1: on the offensive. Probably not. However, here's what he says, 307 00:14:21,600 --> 00:14:24,560 Speaker 1: I would take care of being dismissive, especially looking towards 308 00:14:24,720 --> 00:14:27,360 Speaker 1: the medium term of this winter and twenty twenty three, 309 00:14:27,600 --> 00:14:33,560 Speaker 1: because force availability and manpower matters. Hence the implications can vary. 310 00:14:33,720 --> 00:14:37,000 Speaker 1: What he essentially comes to and arrives at in this thread, 311 00:14:37,040 --> 00:14:40,560 Speaker 1: and his analysis is that the Russian military can use 312 00:14:40,600 --> 00:14:43,760 Speaker 1: these forces to plug up their weak defenses like those 313 00:14:43,800 --> 00:14:47,160 Speaker 1: that folded in the Ukrainian offensive, and just make it 314 00:14:47,200 --> 00:14:50,400 Speaker 1: into much more of a war of attrition and make 315 00:14:50,440 --> 00:14:53,520 Speaker 1: it frankly, far more difficult for the Ukrainians to try 316 00:14:53,720 --> 00:14:57,200 Speaker 1: and advance. Are they capable enough to go on the offense. 317 00:14:57,440 --> 00:15:00,280 Speaker 1: What Coffin points out is that the Russians have led 318 00:15:00,320 --> 00:15:02,200 Speaker 1: through some of their best generals, some of their best 319 00:15:02,240 --> 00:15:06,520 Speaker 1: fighting forces. Their logistical challenges are obviously, you know, terrible, 320 00:15:06,760 --> 00:15:09,520 Speaker 1: and it would take I've probably more than the quote 321 00:15:09,560 --> 00:15:12,840 Speaker 1: unquote partial mobilization to actually they would have to basically 322 00:15:12,920 --> 00:15:15,680 Speaker 1: fully mobilize their entire society and army in order to 323 00:15:15,680 --> 00:15:17,360 Speaker 1: wage war, which was not supposed to be the case 324 00:15:17,400 --> 00:15:20,080 Speaker 1: for a great part of military fighting. A quote unquote 325 00:15:20,080 --> 00:15:23,280 Speaker 1: third rate army. Well, they've proven themselves that when you're 326 00:15:23,280 --> 00:15:25,440 Speaker 1: fighting for your life, you're going to fight very differently. 327 00:15:25,520 --> 00:15:28,120 Speaker 1: On top of the weapons that we have supplied to 328 00:15:28,160 --> 00:15:30,680 Speaker 1: the Ukrainians, this is going to actually probably bring it 329 00:15:30,960 --> 00:15:35,400 Speaker 1: even more balance to the conflict, which does unfortunately mean 330 00:15:35,640 --> 00:15:37,520 Speaker 1: that everybody's kind of locked in at this point they 331 00:15:37,560 --> 00:15:41,120 Speaker 1: were Ukrainians. Now they've really only got I don't know, 332 00:15:41,240 --> 00:15:44,320 Speaker 1: let's say what eight to eight to ten weeks left 333 00:15:44,480 --> 00:15:46,880 Speaker 1: of these people. Obviously they're not called up yet, they're 334 00:15:46,880 --> 00:15:48,920 Speaker 1: not yet on the front line. They've really not that 335 00:15:48,960 --> 00:15:52,080 Speaker 1: got much time before winter strikes and in which they 336 00:15:52,080 --> 00:15:54,560 Speaker 1: can still continue to capitalize on that. That's why they're 337 00:15:54,560 --> 00:15:56,560 Speaker 1: begging for weapons right now, harder than they ever have 338 00:15:56,920 --> 00:16:00,480 Speaker 1: in a long time. So it's a very mixed in 339 00:16:00,560 --> 00:16:04,000 Speaker 1: terms of what it tells us. Is it overly deterministic? No? 340 00:16:04,360 --> 00:16:07,400 Speaker 1: Probably not. This does not mean the end of Ukraine? 341 00:16:07,720 --> 00:16:10,400 Speaker 1: Does it mean though, that Putin is on his very 342 00:16:10,440 --> 00:16:13,840 Speaker 1: last legs? Also know this is somewhere in the middle, 343 00:16:13,840 --> 00:16:15,720 Speaker 1: which is why it's hard to describe to people. Yeah, 344 00:16:15,760 --> 00:16:17,520 Speaker 1: I think it's important to have a lot of humility 345 00:16:17,640 --> 00:16:20,480 Speaker 1: about what this will actually mean in the battlefield, because 346 00:16:20,600 --> 00:16:23,240 Speaker 1: first of all, all the analysts have gotten things wrong, 347 00:16:23,400 --> 00:16:27,760 Speaker 1: likely every step of the way. You know, in Afghanistan 348 00:16:27,800 --> 00:16:30,800 Speaker 1: they were dramatically wrong. So I just like, at this point, 349 00:16:30,920 --> 00:16:32,840 Speaker 1: I'm just you know, it might mean something, it might 350 00:16:32,880 --> 00:16:35,560 Speaker 1: mean nothing. We'll see how it all unfolds. Great point 351 00:16:35,640 --> 00:16:38,240 Speaker 1: in terms of what happens on the battlefield, you know, 352 00:16:38,240 --> 00:16:40,960 Speaker 1: I do want to say with regards to those protests, 353 00:16:42,200 --> 00:16:45,720 Speaker 1: there are credible reports that those who are being arrested 354 00:16:45,800 --> 00:16:49,360 Speaker 1: are being immediately conscripted. Wow, so like taken into custody 355 00:16:49,480 --> 00:16:55,560 Speaker 1: and immediately conscripted. So just to underscore how courageous it 356 00:16:55,680 --> 00:16:58,320 Speaker 1: is to actually go out there in the streets and 357 00:16:58,400 --> 00:17:01,840 Speaker 1: make your voice heard, I mean, that is incredible. Yegor 358 00:17:01,840 --> 00:17:03,600 Speaker 1: are shared with me this morning there were actually one 359 00:17:03,680 --> 00:17:08,560 Speaker 1: hundred and thirty Chechen women arrested in Chechnya for protesting, 360 00:17:08,600 --> 00:17:13,200 Speaker 1: which again I mean that takes some series, real, real courage. 361 00:17:13,320 --> 00:17:16,320 Speaker 1: So we have no insight into how widespread these protests are. 362 00:17:16,359 --> 00:17:18,919 Speaker 1: We really have very little insight into how much of 363 00:17:18,920 --> 00:17:22,280 Speaker 1: a societal backlash there is. But I would say, I mean, 364 00:17:22,400 --> 00:17:26,200 Speaker 1: just logically thinking about this, the way that Putin sold 365 00:17:26,240 --> 00:17:28,520 Speaker 1: this to the public as This isn't even a war. 366 00:17:28,600 --> 00:17:30,479 Speaker 1: It's not going to affect you here. I am like, 367 00:17:30,800 --> 00:17:33,360 Speaker 1: you know, inaugurating this, Ferris Wiel, don't worry about what's 368 00:17:33,359 --> 00:17:37,040 Speaker 1: happening over here. To go from that to we're going 369 00:17:37,080 --> 00:17:39,520 Speaker 1: to mobilize. We're going to send in three hundred thousand 370 00:17:39,560 --> 00:17:42,840 Speaker 1: more conscripts, you know, the order. Like they're not stupid. 371 00:17:42,880 --> 00:17:44,960 Speaker 1: They can see that the order is actually for a 372 00:17:44,960 --> 00:17:48,640 Speaker 1: full mobilization. So no one is feeling particularly safe right now. 373 00:17:49,200 --> 00:17:53,680 Speaker 1: So anyway, I could certainly imagine that there is significant, 374 00:17:53,880 --> 00:17:58,320 Speaker 1: deep concern and backlash to the movement in this direction. 375 00:17:58,440 --> 00:18:00,600 Speaker 1: So we'll see how all of that plays out. Yeah. Absolutely, 376 00:18:00,680 --> 00:18:03,280 Speaker 1: Let's move on then, next to the most frankly important one, 377 00:18:03,320 --> 00:18:05,840 Speaker 1: which is nuclear we'd opened or one of our shows 378 00:18:05,840 --> 00:18:09,280 Speaker 1: on Biden's response to Putin on nuclear weapons, and Putin 379 00:18:09,400 --> 00:18:12,679 Speaker 1: has issued a new and very troubling taunt both to 380 00:18:12,720 --> 00:18:15,000 Speaker 1: President Biden and to the entire West. So let's put 381 00:18:15,000 --> 00:18:17,960 Speaker 1: this up there on the screen. This is analysis from 382 00:18:18,320 --> 00:18:23,159 Speaker 1: Andre Bakletiski. So he is specifically a nuclear analyst, and 383 00:18:23,200 --> 00:18:26,360 Speaker 1: he breaks down President Putin what seemed like an offhand 384 00:18:26,400 --> 00:18:29,840 Speaker 1: comment about nuclear weapons actually was a change in Russian 385 00:18:29,960 --> 00:18:33,119 Speaker 1: nuclear doctrine and why it is just so important. In 386 00:18:33,240 --> 00:18:35,399 Speaker 1: order to break it down, here's what he said. He 387 00:18:35,520 --> 00:18:38,720 Speaker 1: said that quote, some high level representatives of key NATO 388 00:18:38,760 --> 00:18:42,680 Speaker 1: states made statements about the possibility and admissibility of use 389 00:18:42,680 --> 00:18:45,680 Speaker 1: of WMD nuclear weapons against Russia. First of all, I 390 00:18:45,680 --> 00:18:47,480 Speaker 1: don't know what he's talking about, and that seems to 391 00:18:47,480 --> 00:18:50,080 Speaker 1: be complete bullshit. So just let's all be clear about 392 00:18:50,119 --> 00:18:52,880 Speaker 1: what exactly Putin is saying. However, in response to said 393 00:18:53,200 --> 00:18:56,760 Speaker 1: fake comments, here's what he says. He reminds those people 394 00:18:57,080 --> 00:19:02,000 Speaker 1: Russia has different quote means of destruct meaning nuclear weapons, 395 00:19:02,240 --> 00:19:06,600 Speaker 1: and he continues by saying, quote, if the terror territorial 396 00:19:06,720 --> 00:19:10,560 Speaker 1: integrity of our country is threatened, we will certainly use 397 00:19:10,960 --> 00:19:14,560 Speaker 1: all the means at our disposal to protect Russia and 398 00:19:14,680 --> 00:19:19,399 Speaker 1: our people. It's not a bluff, he continues. The citizens 399 00:19:19,440 --> 00:19:23,080 Speaker 1: of Russia can be sure the territorial integrity of our motherland, 400 00:19:23,280 --> 00:19:27,280 Speaker 1: our independence and freedom will be ensured. I emphasize this again, 401 00:19:27,600 --> 00:19:31,600 Speaker 1: with all the means at our disposal. So why does 402 00:19:31,640 --> 00:19:34,800 Speaker 1: this matter? Two fronts? Number One, because at the same 403 00:19:34,840 --> 00:19:38,120 Speaker 1: time those partial mobilizations were announced Crystal, they also announce 404 00:19:38,280 --> 00:19:40,960 Speaker 1: those fake referendums that are going to occur in four 405 00:19:41,000 --> 00:19:42,960 Speaker 1: separate regions across the Craine. We don't know the full 406 00:19:43,040 --> 00:19:45,359 Speaker 1: date all of that. All of those referendums will be 407 00:19:45,440 --> 00:19:48,160 Speaker 1: much like the Crimea referendum of fake pretexts in order 408 00:19:48,160 --> 00:19:51,880 Speaker 1: to fully annex these territories into Russia and officially as 409 00:19:51,920 --> 00:19:55,080 Speaker 1: part of Russian law, would be part of the Russian Federation. 410 00:19:55,320 --> 00:19:58,040 Speaker 1: Why does that matter because then if we are talking 411 00:19:58,080 --> 00:20:01,920 Speaker 1: about fighting in those areas in in Curse, in the Dune, 412 00:20:01,960 --> 00:20:05,119 Speaker 1: boss in Lahns, in these regions, they could claim a 413 00:20:05,160 --> 00:20:08,439 Speaker 1: part of this new nuclear doctrine that this violates their 414 00:20:08,520 --> 00:20:11,879 Speaker 1: quote territorial integrity with weapons used by the West. This 415 00:20:11,960 --> 00:20:15,080 Speaker 1: is the real nightmare scenario in terms of we obviously 416 00:20:15,080 --> 00:20:18,040 Speaker 1: are not going to accept even Crimea, you know, as 417 00:20:18,080 --> 00:20:20,000 Speaker 1: part of Russia. But if they think it is, and 418 00:20:20,040 --> 00:20:22,320 Speaker 1: then this as part of their new doctrine say that 419 00:20:22,359 --> 00:20:24,680 Speaker 1: it is, it would open the gates to a new 420 00:20:24,920 --> 00:20:27,800 Speaker 1: higher level of warfare. So the fact that he added 421 00:20:28,119 --> 00:20:33,560 Speaker 1: territorial integrity is very important because previously Russian doctrine said 422 00:20:33,600 --> 00:20:36,520 Speaker 1: that first use in a conventional war when the existence 423 00:20:36,560 --> 00:20:40,439 Speaker 1: of the state is threatened, not territorial and integrity. That 424 00:20:40,480 --> 00:20:43,040 Speaker 1: was one of the first things and the quote unquote 425 00:20:43,119 --> 00:20:48,000 Speaker 1: abstract protection of people, independence and freedom. So nuclear doctrine 426 00:20:48,040 --> 00:20:50,600 Speaker 1: is very important to understand. You know, we have very 427 00:20:50,840 --> 00:20:54,240 Speaker 1: very like laid out first use cases as to when 428 00:20:54,480 --> 00:20:57,159 Speaker 1: we would use you know, first use strike of a 429 00:20:57,240 --> 00:20:59,720 Speaker 1: nuclear weapons, so do the Russians. Stairs has generally been 430 00:21:00,119 --> 00:21:03,000 Speaker 1: like the integrity of the regime, the integrity of the state. 431 00:21:03,119 --> 00:21:06,399 Speaker 1: To add territorial integrity again, and you know, this is 432 00:21:06,400 --> 00:21:09,159 Speaker 1: what Andre says, coming from the person who has the 433 00:21:09,240 --> 00:21:13,760 Speaker 1: sole decision making power regarding nukes, this should be taken very, 434 00:21:13,880 --> 00:21:17,399 Speaker 1: very seriously. You combine the referendum with this new addition 435 00:21:17,480 --> 00:21:20,800 Speaker 1: to Putin's nuclear doctrine, and look, we have no choice 436 00:21:20,840 --> 00:21:23,200 Speaker 1: in this country but to take it seriously. Is he lying? 437 00:21:23,240 --> 00:21:24,959 Speaker 1: Is he bluffing? I don't know. He says he's not. 438 00:21:25,119 --> 00:21:27,440 Speaker 1: He's bluffed in the past. He is obviously a liar. 439 00:21:27,520 --> 00:21:30,760 Speaker 1: This pretext of all this is completely fake. But that 440 00:21:30,800 --> 00:21:33,199 Speaker 1: doesn't mean that you can't take it seriously. Whenever he 441 00:21:33,240 --> 00:21:37,160 Speaker 1: says these things, that's one hundred percent correct. Zelenski's response 442 00:21:37,240 --> 00:21:40,920 Speaker 1: was basically like, nah, he's bluffing, but maybe yeah, you 443 00:21:41,040 --> 00:21:44,600 Speaker 1: might be right and you might not, but the reporting 444 00:21:44,720 --> 00:21:47,919 Speaker 1: is the White House and the Pentagon do take this 445 00:21:48,080 --> 00:21:52,480 Speaker 1: possibility relatively seriously. And that's what we covered before. When 446 00:21:52,520 --> 00:21:54,800 Speaker 1: Biden was asked in that sixty minutes interview, you know, 447 00:21:54,880 --> 00:21:57,399 Speaker 1: what would what would you say to putin about his 448 00:21:57,560 --> 00:22:00,399 Speaker 1: use of nuclear potential use of nuclear weapons? Was like, 449 00:22:00,640 --> 00:22:04,560 Speaker 1: don't and then he was pushed about, Okay, well what 450 00:22:04,560 --> 00:22:07,000 Speaker 1: would the response be, and ultimately his answer was well, 451 00:22:07,040 --> 00:22:08,639 Speaker 1: obviously I'm not going to tell you right now, but 452 00:22:08,680 --> 00:22:12,439 Speaker 1: it also would depend on what the nature of it was. 453 00:22:12,600 --> 00:22:15,359 Speaker 1: So one thing that one scenario they've been considering is 454 00:22:15,359 --> 00:22:17,879 Speaker 1: would there be some sort of a like test or 455 00:22:18,080 --> 00:22:21,960 Speaker 1: tactical detonation is sort of like a warning. Those sorts 456 00:22:21,960 --> 00:22:25,080 Speaker 1: of things are very, very scary, even as you know, 457 00:22:25,160 --> 00:22:27,400 Speaker 1: oftentimes the way the media covers it is like, oh, 458 00:22:27,480 --> 00:22:29,760 Speaker 1: this would be no big deal, but make no mistake, 459 00:22:30,359 --> 00:22:33,720 Speaker 1: it would be a huge deal. It's also no accident 460 00:22:33,920 --> 00:22:37,239 Speaker 1: that these referendum are going forward, are they referendu when 461 00:22:37,280 --> 00:22:42,480 Speaker 1: it's plural anyway, referendums GM police are going forward at 462 00:22:42,480 --> 00:22:44,640 Speaker 1: the same time that he makes this comment. I mean, 463 00:22:44,680 --> 00:22:47,520 Speaker 1: that's those two things are definitely linked. There's no question 464 00:22:47,560 --> 00:22:49,359 Speaker 1: about it. So that he's saying at the same time, 465 00:22:49,800 --> 00:22:52,199 Speaker 1: we are claiming this as this is Russia, this is 466 00:22:52,280 --> 00:22:56,840 Speaker 1: our territory, and he's shifting the line as to when 467 00:22:56,880 --> 00:22:59,240 Speaker 1: and how they would potentially use nuclear weapons and saying, 468 00:22:59,240 --> 00:23:02,439 Speaker 1: we will use him to defend our territorial integrity, not 469 00:23:02,760 --> 00:23:05,680 Speaker 1: just when we see an existential threat to Russia. Those 470 00:23:05,720 --> 00:23:08,600 Speaker 1: things are incredibly significant in terms of the territories that 471 00:23:08,640 --> 00:23:12,719 Speaker 1: they're trying to lay claim to here. The latest reporting 472 00:23:12,760 --> 00:23:15,440 Speaker 1: is that they're going to run poles there for five 473 00:23:15,520 --> 00:23:19,600 Speaker 1: days starting tomorrow. There's four regions that they're going to 474 00:23:19,600 --> 00:23:23,000 Speaker 1: conduct these fake polls and elections in, and those four 475 00:23:23,040 --> 00:23:25,960 Speaker 1: regions represent about fifteen percent of Ukrainian territory, so it's 476 00:23:26,040 --> 00:23:28,720 Speaker 1: very significant part of the state. Yeah, this look, it's 477 00:23:28,760 --> 00:23:30,679 Speaker 1: a lot of parts of Ukraine, and these are the 478 00:23:30,720 --> 00:23:33,600 Speaker 1: most contested parts where a lot of fighting is happening. 479 00:23:33,640 --> 00:23:35,760 Speaker 1: It also overlays something that we talked about in one 480 00:23:35,760 --> 00:23:38,399 Speaker 1: of our previous shows, which is that President Biden very 481 00:23:38,480 --> 00:23:41,280 Speaker 1: much considering the exact tipho weapon systems that we're sending 482 00:23:41,280 --> 00:23:43,560 Speaker 1: over there, because the Ukrainians like, hey, we need these 483 00:23:43,560 --> 00:23:45,800 Speaker 1: long range weapon systems to hit Crimea, And He's like, 484 00:23:45,800 --> 00:23:47,440 Speaker 1: I don't know if I want you to hit Crimea 485 00:23:47,520 --> 00:23:51,520 Speaker 1: with you directly US provided systems. Well, if this territory 486 00:23:51,600 --> 00:23:54,600 Speaker 1: now goes the direction of Crimea in that now we 487 00:23:54,680 --> 00:23:57,800 Speaker 1: have to consider the Russian responses what that means with 488 00:23:57,880 --> 00:24:00,880 Speaker 1: the update of the doctrine. And look, this is why 489 00:24:01,000 --> 00:24:03,840 Speaker 1: the nightmare is whenever authoritarian countries have nukes, because they 490 00:24:03,880 --> 00:24:06,159 Speaker 1: can just wave their finger in your face, and I mean, 491 00:24:06,200 --> 00:24:08,040 Speaker 1: there's not a lot you can do about it without 492 00:24:08,080 --> 00:24:11,119 Speaker 1: really upping the ante all the way. And we're getting 493 00:24:11,160 --> 00:24:13,679 Speaker 1: starting to get close to that line. Anytime one of 494 00:24:13,680 --> 00:24:16,160 Speaker 1: the world's great powers calls up three hundred thousand people 495 00:24:16,320 --> 00:24:19,600 Speaker 1: and then changes its nuclear doctrine and then threatens nukes 496 00:24:19,640 --> 00:24:21,840 Speaker 1: in the middle of an active conflict that you're semi 497 00:24:21,880 --> 00:24:25,040 Speaker 1: involved in, says I am not bluffing. Says I'm not bluffing. 498 00:24:25,320 --> 00:24:28,280 Speaker 1: Pay attention, people. So this is a new phase of 499 00:24:28,280 --> 00:24:30,399 Speaker 1: the war. Who the hell knows what's going to happen. 500 00:24:30,640 --> 00:24:33,280 Speaker 1: Let's move on to President Biden. So obviously the way 501 00:24:33,320 --> 00:24:35,719 Speaker 1: that the United States is going to respond to this 502 00:24:35,880 --> 00:24:38,199 Speaker 1: is also going to impact the conflict, both on the 503 00:24:38,200 --> 00:24:41,639 Speaker 1: ground and geopolitically. President Biden happened to be speaking the 504 00:24:41,680 --> 00:24:45,720 Speaker 1: next day on Wednesday at the UN General Assembly, where 505 00:24:45,760 --> 00:24:49,280 Speaker 1: he directly addressed President Putin. Let's take a listen. Let 506 00:24:49,359 --> 00:24:53,520 Speaker 1: us speak plainly. A permanent member of the United Nations 507 00:24:53,560 --> 00:24:59,280 Speaker 1: Security Council invaded its neighbor, attempted to erase the sovereign 508 00:24:59,359 --> 00:25:04,320 Speaker 1: state from the map. Russia has shamelessly violated the core 509 00:25:04,440 --> 00:25:11,120 Speaker 1: tenants of the United Nations Charter, no more important than 510 00:25:11,200 --> 00:25:16,560 Speaker 1: the clear prohibition against countries taking the territory of their 511 00:25:16,600 --> 00:25:23,240 Speaker 1: neighbor by force. Again, just today, President Putin has made 512 00:25:23,400 --> 00:25:28,560 Speaker 1: overt nuclear threats against Europe in a reckless disregard for 513 00:25:28,600 --> 00:25:33,800 Speaker 1: the responsibilities of the non proliferation regime. This world should 514 00:25:33,800 --> 00:25:38,320 Speaker 1: see these outrageous acts for what they are. Putin claims 515 00:25:38,440 --> 00:25:43,560 Speaker 1: he had to act because Russia was threatened. But no 516 00:25:43,600 --> 00:25:50,720 Speaker 1: one threatened Russia, and no one other than Russia sought conflict. 517 00:25:51,680 --> 00:25:56,720 Speaker 1: In fact, we warned it was coming, and with many 518 00:25:56,760 --> 00:25:59,720 Speaker 1: of you, we work to try to avert it. For 519 00:25:59,760 --> 00:26:03,160 Speaker 1: those who are just listening, he showed a couple stone 520 00:26:03,200 --> 00:26:10,600 Speaker 1: faced Russians taking the exact translation. Now, let's at least 521 00:26:10,680 --> 00:26:15,120 Speaker 1: understand also beyond the warnings, the chastising of Russia, how 522 00:26:15,160 --> 00:26:18,400 Speaker 1: the US is spinning this along with the Western coalition. 523 00:26:18,480 --> 00:26:21,240 Speaker 1: Let's put this up there directly. In response to this, 524 00:26:21,480 --> 00:26:24,679 Speaker 1: the United States said that Putin's mobilization was a quote 525 00:26:24,880 --> 00:26:28,600 Speaker 1: sign of weakness and Russian failure. That was specifically from 526 00:26:28,640 --> 00:26:32,000 Speaker 1: the US ambassador to Ukraine calling it a failure, taunting 527 00:26:32,040 --> 00:26:34,320 Speaker 1: the Russians, saying it is a sign of weakness. Now 528 00:26:34,400 --> 00:26:36,280 Speaker 1: they're not wrong that it is a sign of weakness. 529 00:26:36,280 --> 00:26:39,560 Speaker 1: Obviously nobody calls up more troops in a sign of strength, 530 00:26:39,720 --> 00:26:43,520 Speaker 1: but also accused them of quote nuclear blackmail in terms 531 00:26:43,840 --> 00:26:46,960 Speaker 1: of the new threats that are being made. So the 532 00:26:47,119 --> 00:26:50,360 Speaker 1: reason why it matters is that we are putting this 533 00:26:50,680 --> 00:26:53,199 Speaker 1: in the league of This is why we all have 534 00:26:53,240 --> 00:26:56,040 Speaker 1: to remain united. And this is also why it is 535 00:26:56,080 --> 00:26:58,520 Speaker 1: foolish on Putin's part. I mean, things are not good 536 00:26:58,560 --> 00:27:01,119 Speaker 1: on right now on the European con. I think that 537 00:27:01,280 --> 00:27:03,360 Speaker 1: if he hadn't done this, let's say that the war 538 00:27:03,400 --> 00:27:05,240 Speaker 1: hadn't changed all that much, there might have been some 539 00:27:05,320 --> 00:27:08,680 Speaker 1: opening for protests in France and Germany, especially as it 540 00:27:08,720 --> 00:27:12,000 Speaker 1: gets colder in the winter. These governments now they're dug in. 541 00:27:12,160 --> 00:27:15,119 Speaker 1: You can't you can't change policy. Whenever the guy is 542 00:27:15,119 --> 00:27:18,159 Speaker 1: calling up three hundred thousand people and waving a nuclear 543 00:27:18,200 --> 00:27:20,320 Speaker 1: weapon in your face. It just makes it like why 544 00:27:20,359 --> 00:27:23,440 Speaker 1: wouldn't the German chancellor change policy then? Like now he's 545 00:27:23,480 --> 00:27:28,320 Speaker 1: moving forward. They're nationalizing like a Russian oil plant in 546 00:27:28,359 --> 00:27:31,160 Speaker 1: Italy right now. One of their biggest suppliers is also 547 00:27:31,200 --> 00:27:33,400 Speaker 1: a Russian oil giant. They're probably just going to take 548 00:27:33,400 --> 00:27:36,960 Speaker 1: it over. This is this is basically bifurcating the two 549 00:27:37,280 --> 00:27:40,320 Speaker 1: economies and making it much more difficult for them. Now. 550 00:27:40,400 --> 00:27:42,520 Speaker 1: Russia obviously is going to continue to I'm doing monolog 551 00:27:42,600 --> 00:27:45,680 Speaker 1: on this. They're going to be fine ish on oil. 552 00:27:45,720 --> 00:27:48,320 Speaker 1: They'll still sell to India and China. But any hope, 553 00:27:48,359 --> 00:27:51,080 Speaker 1: I think they had a reconciliation with the West in 554 00:27:51,119 --> 00:27:54,320 Speaker 1: the interim six month to one year period. No Western 555 00:27:54,320 --> 00:27:57,240 Speaker 1: government is going to change its policy when you're calling 556 00:27:57,320 --> 00:27:59,879 Speaker 1: up three hundred thousand people and waving a nuclear yes, 557 00:28:00,119 --> 00:28:02,120 Speaker 1: well put, I mean the reality is at this point 558 00:28:02,160 --> 00:28:04,440 Speaker 1: he's left with no good options. Yeah, I mean, that's 559 00:28:04,480 --> 00:28:07,280 Speaker 1: the fact of the matter, is, like they are in 560 00:28:07,359 --> 00:28:10,240 Speaker 1: such rough shape in Ukraine right now, and he's facing 561 00:28:10,280 --> 00:28:15,280 Speaker 1: so much domestic political pressure, whether real or manufactured, to 562 00:28:15,800 --> 00:28:18,640 Speaker 1: you know, have a more wholesale mobilization and have more 563 00:28:18,640 --> 00:28:22,600 Speaker 1: of a full throated, like actual war footing that. I 564 00:28:22,680 --> 00:28:25,280 Speaker 1: don't know that he felt he had any other hand 565 00:28:25,359 --> 00:28:27,800 Speaker 1: he could play, But I think you're right about and 566 00:28:27,920 --> 00:28:29,959 Speaker 1: we talked a lot about heading into the winter though, 567 00:28:30,040 --> 00:28:33,600 Speaker 1: was a big question mark. That's why Zelensky orchestrated this 568 00:28:33,640 --> 00:28:36,919 Speaker 1: particular push right now to keep the Europeans and to 569 00:28:37,000 --> 00:28:40,480 Speaker 1: keep us on board, and to keep us enthusiastic and 570 00:28:40,520 --> 00:28:43,000 Speaker 1: to convince us like, Okay, these weapons that we're sending 571 00:28:43,000 --> 00:28:44,680 Speaker 1: and all to say that we're sending it's worth it. 572 00:28:44,680 --> 00:28:47,280 Speaker 1: It's working. The pain that we're going to feel this winter, 573 00:28:47,440 --> 00:28:49,840 Speaker 1: it's all worth it. It's the plan is coming together 574 00:28:49,920 --> 00:28:54,200 Speaker 1: and the Ukrainians can actually succeed. So he executed that. 575 00:28:54,320 --> 00:28:57,239 Speaker 1: It worked, you know, pretty much flawlessly in terms of 576 00:28:57,320 --> 00:29:00,640 Speaker 1: what they were able to accomplish, both in reality on 577 00:29:00,680 --> 00:29:02,800 Speaker 1: the ground and in terms of the sort of massive 578 00:29:02,800 --> 00:29:06,240 Speaker 1: pr victory with regards to our public and to the 579 00:29:06,280 --> 00:29:11,360 Speaker 1: European public. You have not had yet big signs that 580 00:29:11,400 --> 00:29:15,320 Speaker 1: there is a real faltering of commitment either, you know, 581 00:29:15,440 --> 00:29:18,800 Speaker 1: in any part of the NATO alliance. So you know, 582 00:29:18,840 --> 00:29:21,160 Speaker 1: if Putin was betting on Okay, we're going to go 583 00:29:21,160 --> 00:29:22,600 Speaker 1: into the winter and things are going to be tough, 584 00:29:22,640 --> 00:29:25,040 Speaker 1: and the public is going to revolt against what the 585 00:29:25,120 --> 00:29:29,719 Speaker 1: European and American governments are doing. That might still happen, 586 00:29:29,840 --> 00:29:31,960 Speaker 1: but there aren't signs of it yet. And I think 587 00:29:32,000 --> 00:29:34,560 Speaker 1: you're right that if that's what he was originally betting on, 588 00:29:35,240 --> 00:29:38,040 Speaker 1: and what Selenski was originally concerned about, the fact that 589 00:29:38,080 --> 00:29:40,520 Speaker 1: he is moving forward with this, you know, three hundred 590 00:29:40,520 --> 00:29:43,080 Speaker 1: thousand person mobilization and saying, hey, by the way, I 591 00:29:43,120 --> 00:29:46,280 Speaker 1: might use mooves. Yeah, that's going to harden commitment to 592 00:29:47,000 --> 00:29:50,040 Speaker 1: opposition to Russia. Herald. He gives us no choice, I mean, 593 00:29:50,040 --> 00:29:53,320 Speaker 1: and again, would I run everything differently? Yeah, I would. 594 00:29:53,360 --> 00:29:55,240 Speaker 1: But I'm telling you in reality, the way that the 595 00:29:55,240 --> 00:29:57,920 Speaker 1: West is currently positioned, they are locked in now for 596 00:29:58,000 --> 00:30:01,200 Speaker 1: the entire winter, no matter how the gas, no matter 597 00:30:01,200 --> 00:30:03,920 Speaker 1: how high energy prices are on the continent, they can't 598 00:30:03,920 --> 00:30:07,040 Speaker 1: give in because that's just look politically in that dynamic 599 00:30:07,080 --> 00:30:10,720 Speaker 1: that everybody's locked into. It's he has secured his He 600 00:30:11,120 --> 00:30:13,840 Speaker 1: secured higher NATO spending when he invaded, and now he 601 00:30:13,880 --> 00:30:17,080 Speaker 1: has secured the political dynamic geopolitically for time to come 602 00:30:17,280 --> 00:30:19,360 Speaker 1: and This is why I always want to acknowledge, like, look, 603 00:30:19,400 --> 00:30:22,960 Speaker 1: this is on him. Nobody forced his hand to invade Ukraine, 604 00:30:23,040 --> 00:30:25,600 Speaker 1: and then nobody asked you to call up thre hundred 605 00:30:25,640 --> 00:30:28,880 Speaker 1: thousand people and use nuclear blackmail against the West. So 606 00:30:28,960 --> 00:30:32,240 Speaker 1: don't be surprised like when your economy is not when 607 00:30:32,240 --> 00:30:34,800 Speaker 1: your economy is tanking, and then even when there is 608 00:30:34,840 --> 00:30:38,320 Speaker 1: domestic political strife in Europe that they're just not going 609 00:30:38,360 --> 00:30:40,920 Speaker 1: to give in. It's like, this is this is what happens, yes, 610 00:30:40,960 --> 00:30:43,360 Speaker 1: when people get locked into conflict. In one more sign 611 00:30:43,360 --> 00:30:45,240 Speaker 1: of how much things have gone off the rails for 612 00:30:45,280 --> 00:30:49,320 Speaker 1: the Russian military. There was a report this morning, you know, 613 00:30:49,400 --> 00:30:50,920 Speaker 1: take it with the Grand solid et cetera, et cetera, 614 00:30:50,960 --> 00:30:53,200 Speaker 1: But there was an interesting report this morning that Putin 615 00:30:53,320 --> 00:30:56,280 Speaker 1: is actually personally directing troops on the battlefield, which is like, 616 00:30:56,720 --> 00:31:00,360 Speaker 1: it's about LBJ Vietnam shit, all right, do you have 617 00:31:00,440 --> 00:31:03,760 Speaker 1: a functional military? Never happened that should not be happening. 618 00:31:03,880 --> 00:31:06,560 Speaker 1: That's literally, that's I mean, let's do a little history lesson, right, 619 00:31:06,600 --> 00:31:08,880 Speaker 1: Like one of the problem ones with the Vietnam War 620 00:31:09,040 --> 00:31:11,960 Speaker 1: was that literally the president of the United States has 621 00:31:12,120 --> 00:31:14,960 Speaker 1: like a Rolling Hills model of Vietnam and is picking 622 00:31:15,040 --> 00:31:18,480 Speaker 1: B fifty two targets. Yeah, once that happens, things have 623 00:31:18,560 --> 00:31:23,640 Speaker 1: gone bad, like very very especially in the age of 624 00:31:23,680 --> 00:31:27,520 Speaker 1: a great power modern military. Josie's a narcisist, doesn't trust 625 00:31:27,520 --> 00:31:30,600 Speaker 1: anybody true who's around to me. They've also taken hits 626 00:31:30,600 --> 00:31:32,920 Speaker 1: in terms of you know, some of their top generals 627 00:31:33,200 --> 00:31:36,360 Speaker 1: taking out with help from our intelligence. So so yeah, 628 00:31:36,400 --> 00:31:38,160 Speaker 1: I guess he's feeling like the ranks are pretty fin 629 00:31:38,480 --> 00:31:40,520 Speaker 1: point okay. But at the same time, and there is 630 00:31:40,560 --> 00:31:43,000 Speaker 1: some important polling. This is why it's always important to balance. 631 00:31:43,040 --> 00:31:45,200 Speaker 1: Let's put this up there. The Concerned Veterans of America. 632 00:31:45,240 --> 00:31:46,840 Speaker 1: They're a great group. They do a lot of very 633 00:31:46,920 --> 00:31:50,240 Speaker 1: like realist stuff, and they actually do polls on how 634 00:31:50,280 --> 00:31:54,280 Speaker 1: Americans feel about US policy towards Russia and Ukraine, and 635 00:31:54,320 --> 00:31:56,240 Speaker 1: they dig down into the nitty gritty. That's why I 636 00:31:56,320 --> 00:31:58,680 Speaker 1: like it. So here's what they say. Quote, only fifteen 637 00:31:58,720 --> 00:32:01,920 Speaker 1: percent of the American public support sending more military and 638 00:32:01,960 --> 00:32:05,560 Speaker 1: financial aid to Ukraine than wealthy European countries, with twice 639 00:32:05,680 --> 00:32:08,640 Speaker 1: as many people who want to send less assistance than 640 00:32:08,640 --> 00:32:10,760 Speaker 1: we currently are. This of course comes at the same 641 00:32:10,760 --> 00:32:14,680 Speaker 1: time the Biden administration wants fifteen billion more for Ukraine. Furthermore, 642 00:32:14,840 --> 00:32:17,720 Speaker 1: fifty four percent of respondents said the United States should 643 00:32:17,760 --> 00:32:21,040 Speaker 1: only continue to provide aid to Ukraine if the Europeans 644 00:32:21,040 --> 00:32:24,320 Speaker 1: are willing to mat ras support fact check not happening 645 00:32:24,440 --> 00:32:27,400 Speaker 1: right now. Second, around half of respondents of the United 646 00:32:27,440 --> 00:32:29,840 Speaker 1: States said that the US should provide the same level 647 00:32:29,840 --> 00:32:32,800 Speaker 1: of support for Ukraine as wealthy countries and not one 648 00:32:32,880 --> 00:32:38,320 Speaker 1: dollar more. Then fifty seven percent strongly do not want 649 00:32:38,440 --> 00:32:42,360 Speaker 1: direct American military intervention in the war in Ukraine. Only 650 00:32:42,520 --> 00:32:46,200 Speaker 1: fourteen percent support strongly or somewhat. They all live here 651 00:32:46,360 --> 00:32:50,040 Speaker 1: in Washington, DC. And then, finally, the plurality of respondents 652 00:32:50,080 --> 00:32:53,239 Speaker 1: said that Biden should make lowering or eliminating inflation his 653 00:32:53,360 --> 00:32:57,240 Speaker 1: top priority. Only two percent said they believe that ensuring 654 00:32:57,280 --> 00:33:00,840 Speaker 1: a defeat of Russia and Ukraine should be the president's priority. 655 00:33:00,920 --> 00:33:03,960 Speaker 1: So I love this poll because it ranks that these 656 00:33:03,960 --> 00:33:06,600 Speaker 1: are tests. You ain't going to get this from Politico 657 00:33:06,880 --> 00:33:09,640 Speaker 1: or from anybody else. They're like, they're like, hey, Europe 658 00:33:09,680 --> 00:33:12,920 Speaker 1: spends x America spends Why and that's ten times more 659 00:33:13,040 --> 00:33:15,920 Speaker 1: than all of Europe combined. How do you feel about that? Yeah, 660 00:33:15,920 --> 00:33:18,120 Speaker 1: people are like, hey, that's bullshit. But they don't even 661 00:33:18,160 --> 00:33:20,280 Speaker 1: know They don't even know the date unless they watch 662 00:33:20,320 --> 00:33:22,760 Speaker 1: this show. Even then, you know, it's like how it's 663 00:33:22,840 --> 00:33:25,200 Speaker 1: very difficult in order to get this information out. So 664 00:33:25,400 --> 00:33:28,160 Speaker 1: when people are confronted, they're very nuanced. Of course they 665 00:33:28,160 --> 00:33:30,080 Speaker 1: want to help Ukraine, but they think the European should 666 00:33:30,080 --> 00:33:33,600 Speaker 1: step up. Yeah, they think that. They also strongly oppose intervention. 667 00:33:33,880 --> 00:33:36,000 Speaker 1: I love this because it just shows you Americans are 668 00:33:36,000 --> 00:33:38,479 Speaker 1: good people, but they also don't want to get you know, 669 00:33:38,640 --> 00:33:41,760 Speaker 1: embroiled in a multi decade war and all this and 670 00:33:41,800 --> 00:33:44,680 Speaker 1: the establishment people in this party and in the media 671 00:33:44,880 --> 00:33:47,560 Speaker 1: they don't represent any of this view. Yeah, what these 672 00:33:47,640 --> 00:33:50,160 Speaker 1: numbers really underscored to me is again what a sort 673 00:33:50,200 --> 00:33:53,040 Speaker 1: of like pivotal moment this is because public opinion does 674 00:33:53,040 --> 00:33:55,160 Speaker 1: hang on kind of a knife set. So right now 675 00:33:55,160 --> 00:33:58,080 Speaker 1: there continues to be support for the direction. Obviously, with 676 00:33:58,120 --> 00:34:01,640 Speaker 1: Silenski being able to not some significant victories, that's going 677 00:34:01,680 --> 00:34:05,000 Speaker 1: to continue to encourage that support. And you know, the 678 00:34:05,000 --> 00:34:07,200 Speaker 1: fact you've had gas prices coming down you're going to 679 00:34:07,240 --> 00:34:09,520 Speaker 1: cover whether that's going to continue in that direction or not, 680 00:34:10,400 --> 00:34:13,839 Speaker 1: has helped to sustain that support. European governments are starting 681 00:34:13,880 --> 00:34:15,880 Speaker 1: to put together packages so that they can help their 682 00:34:15,920 --> 00:34:19,120 Speaker 1: populations out to get through the winter. But it really 683 00:34:19,120 --> 00:34:22,640 Speaker 1: does show you why both Putin and Zelensky saw this 684 00:34:22,719 --> 00:34:25,080 Speaker 1: moment right now as such a critical moment in terms 685 00:34:25,080 --> 00:34:27,400 Speaker 1: of the future trajectory of this war. So again, I 686 00:34:27,400 --> 00:34:29,560 Speaker 1: think a lot is going to be determined this winter 687 00:34:30,520 --> 00:34:34,040 Speaker 1: based on, you know, how energy prices go, how domestic 688 00:34:34,160 --> 00:34:37,719 Speaker 1: populations feel about this, what happens on the battlefield. Does 689 00:34:37,760 --> 00:34:41,280 Speaker 1: this surge of new troops from Putin doesn't make a difference, 690 00:34:41,360 --> 00:34:43,319 Speaker 1: or does it just kind of continue the status Well, 691 00:34:43,360 --> 00:34:45,719 Speaker 1: I don't know. I did, though, I'm feeling very conflicted. 692 00:34:45,760 --> 00:34:48,120 Speaker 1: I just read a report about how high energy prices 693 00:34:48,120 --> 00:34:51,000 Speaker 1: in Europe means that European companies now have to manufacture 694 00:34:51,000 --> 00:34:55,239 Speaker 1: in the US, and I was like, I like, man, like, 695 00:34:55,280 --> 00:34:57,880 Speaker 1: maybe I'm cheering on the higher aligning there. Yeah, like 696 00:34:57,920 --> 00:34:59,799 Speaker 1: a little bit of a silver lining for US. So 697 00:35:00,160 --> 00:35:02,520 Speaker 1: sorry Europe. All right, let's move on to this next part, 698 00:35:02,719 --> 00:35:05,319 Speaker 1: the final if this one's very important in terms of Zelenski, 699 00:35:05,360 --> 00:35:07,360 Speaker 1: who we alluded to, Let's put this up there on 700 00:35:07,400 --> 00:35:10,440 Speaker 1: the screen. He said, quote, I don't believe the world 701 00:35:10,520 --> 00:35:14,440 Speaker 1: will let Putin use nuclear weapons. Zelenski happened to be 702 00:35:14,480 --> 00:35:17,320 Speaker 1: doing an interview with a German television network build I 703 00:35:17,400 --> 00:35:20,319 Speaker 1: probably said that wrong, that he doesn't believe Russia will 704 00:35:20,400 --> 00:35:23,560 Speaker 1: use nukes, but he doesn't completely rule out the possibility either. 705 00:35:23,800 --> 00:35:28,720 Speaker 1: He says, quote in response to Putin, tomorrow, Putin can say, 706 00:35:28,920 --> 00:35:31,440 Speaker 1: in addition to Ukraine, we also want a part of Poland, 707 00:35:31,600 --> 00:35:34,200 Speaker 1: otherwise we will use nuclear weapons. We cannot agree on 708 00:35:34,239 --> 00:35:37,400 Speaker 1: such compromises. Now, obviously Poland is actually a NATO ally, 709 00:35:37,719 --> 00:35:41,680 Speaker 1: Ukraine is not. And it's not a surprise or accident 710 00:35:41,680 --> 00:35:44,040 Speaker 1: that he's saying Poland because that's what precipitated the outbreak 711 00:35:44,040 --> 00:35:46,680 Speaker 1: of World War Two. He's a very smart operator. I 712 00:35:47,160 --> 00:35:48,640 Speaker 1: have to give it to it. I mean, he has 713 00:35:48,719 --> 00:35:51,839 Speaker 1: an incentive also to downplay the potential of Putin using 714 00:35:51,920 --> 00:35:54,319 Speaker 1: nuclear weapons, because from the beginning that's been one of 715 00:35:54,360 --> 00:35:58,600 Speaker 1: the fears that has constrained US support. So, you know, 716 00:35:58,719 --> 00:36:00,680 Speaker 1: the reason that we don't just wially nearly send them 717 00:36:00,719 --> 00:36:03,720 Speaker 1: the longer range missiles that they want that could strike 718 00:36:03,760 --> 00:36:06,759 Speaker 1: inside of Russia is exactly because of this fear. The 719 00:36:06,800 --> 00:36:09,960 Speaker 1: totality of the strategy that the US government has employed 720 00:36:10,280 --> 00:36:13,160 Speaker 1: has all been designed to keep US from having a 721 00:36:13,239 --> 00:36:17,120 Speaker 1: dramatic escalation that would provoke this type of, you know, 722 00:36:17,200 --> 00:36:21,560 Speaker 1: potentially world ending response from Russia. They talked about it 723 00:36:21,600 --> 00:36:23,880 Speaker 1: as the boil the frog strategy, where it's you know, 724 00:36:23,960 --> 00:36:26,759 Speaker 1: step by step by step by step, but very carefully. 725 00:36:26,920 --> 00:36:29,120 Speaker 1: Now again, it's not exactly how I would have done things, 726 00:36:29,120 --> 00:36:30,799 Speaker 1: but this is the way that they're thinking about it. 727 00:36:31,120 --> 00:36:33,880 Speaker 1: And reportedly Biden has sort of frustrated some of his 728 00:36:33,920 --> 00:36:35,760 Speaker 1: aids and some of the Hawks and his own party 729 00:36:35,960 --> 00:36:37,960 Speaker 1: by saying, hey, guys, at the end of the day, 730 00:36:38,080 --> 00:36:40,839 Speaker 1: we don't want to start World War three. So that's 731 00:36:40,880 --> 00:36:43,160 Speaker 1: why Zelensky has an incentive to say basically like I 732 00:36:43,160 --> 00:36:45,360 Speaker 1: don't worry about that. That's definitely not going to happen. 733 00:36:45,400 --> 00:36:47,279 Speaker 1: He's just full of it, and it's a bluff. Yeah, no, 734 00:36:47,760 --> 00:36:49,680 Speaker 1: it's a very difficult one. At the same time, let's 735 00:36:49,680 --> 00:36:51,760 Speaker 1: put this up there. In that interview, he said Putin 736 00:36:51,760 --> 00:36:54,799 Speaker 1: wants to quote drown Ukraine and blood, including that of 737 00:36:54,880 --> 00:36:57,839 Speaker 1: Russian soldiers, including the blood of his own soldiers, and 738 00:36:57,920 --> 00:37:00,560 Speaker 1: that was his immediate reaction. So I think it was 739 00:37:00,680 --> 00:37:03,200 Speaker 1: very noteworthy on our part that the very first thing 740 00:37:03,239 --> 00:37:05,200 Speaker 1: he said is don't worry about the nuclear thing, he's 741 00:37:05,200 --> 00:37:08,440 Speaker 1: completely bluffing, and then kind of pivoting to his standard 742 00:37:08,440 --> 00:37:11,760 Speaker 1: message about how Putin wants to erase Ukraine as an existence, 743 00:37:11,760 --> 00:37:14,400 Speaker 1: which you know, if you listen to his speech from February, 744 00:37:14,560 --> 00:37:16,720 Speaker 1: it is true in terms of what he he doesn't 745 00:37:16,719 --> 00:37:18,719 Speaker 1: believe it's a real country along with all the other 746 00:37:18,960 --> 00:37:21,840 Speaker 1: Baltic states, which is kind of crazy, but not that 747 00:37:21,920 --> 00:37:24,319 Speaker 1: out of step, I guess with your typical Russians are. 748 00:37:24,480 --> 00:37:26,359 Speaker 1: I thought it was important, you know, to include the 749 00:37:26,480 --> 00:37:30,320 Speaker 1: Zelensky comments too, how he's spinning what exactly he wants 750 00:37:30,560 --> 00:37:33,680 Speaker 1: the US to continue to do. Clearly, this is frankly 751 00:37:33,719 --> 00:37:35,799 Speaker 1: the best thing that ever happened to him, because now 752 00:37:35,920 --> 00:37:38,360 Speaker 1: he can just he's got more much more united West, 753 00:37:38,520 --> 00:37:40,160 Speaker 1: he can beg for more weapons and we're probably going 754 00:37:40,200 --> 00:37:42,040 Speaker 1: to give it to him. I think that's the you know, 755 00:37:42,120 --> 00:37:44,319 Speaker 1: the TLDR that people need to take away. We will 756 00:37:44,360 --> 00:37:50,759 Speaker 1: see turning to domestic politics, as I reference before, some 757 00:37:50,960 --> 00:37:55,319 Speaker 1: major legal developments, some more major legal developments for the 758 00:37:55,360 --> 00:37:58,319 Speaker 1: former president, who is you know, continues to face a 759 00:37:58,400 --> 00:38:02,040 Speaker 1: number of investigations on variety of fronts. So let's start 760 00:38:02,040 --> 00:38:05,440 Speaker 1: with this Attorney General Leticia James of New York. She announced, 761 00:38:05,480 --> 00:38:07,840 Speaker 1: and she's been telegraphing this for a long time. She 762 00:38:07,880 --> 00:38:09,880 Speaker 1: gave a press commerce before we kind of expected this 763 00:38:10,000 --> 00:38:12,120 Speaker 1: was going to happen, But yesterday we got all of 764 00:38:12,120 --> 00:38:14,680 Speaker 1: the details of exactly what she's announcing here. This is 765 00:38:14,719 --> 00:38:18,080 Speaker 1: a civil suit, and it's not just targeting the former president. 766 00:38:18,080 --> 00:38:21,040 Speaker 1: It's also targeting three of his adult children. That would 767 00:38:21,040 --> 00:38:24,319 Speaker 1: be Eric, Evanka, and Don Junior. This has to do 768 00:38:24,760 --> 00:38:32,400 Speaker 1: with their tendency, alleged tendency to dramatically overstate the values 769 00:38:32,440 --> 00:38:35,640 Speaker 1: of their properties so that they could obtain loans from 770 00:38:35,640 --> 00:38:38,560 Speaker 1: Deutsche Bank in particular, but from other lenders as well, 771 00:38:38,719 --> 00:38:41,880 Speaker 1: and then to turn around and dramatically understate those values 772 00:38:41,880 --> 00:38:44,799 Speaker 1: when it came to tax purposes. Let's listen to how 773 00:38:45,120 --> 00:38:48,439 Speaker 1: ag Letitia James presented this at her press conference. Mister 774 00:38:48,480 --> 00:38:53,640 Speaker 1: Trump and the Trump Organization repeatedly and persistently manipulated the 775 00:38:53,760 --> 00:38:58,840 Speaker 1: value of assets to induce banks to lend money to 776 00:38:58,880 --> 00:39:02,719 Speaker 1: the Trump organization more favorable terms than would otherwise have 777 00:39:02,840 --> 00:39:08,840 Speaker 1: been available to the company, to pay lower taxes, to 778 00:39:08,880 --> 00:39:13,960 Speaker 1: satisfy continuing loan agreements, and to induce insurance companies to 779 00:39:14,000 --> 00:39:18,680 Speaker 1: provide insurance coverage for higher limits and at lower premiums. 780 00:39:19,560 --> 00:39:20,880 Speaker 1: So let me give you a few more of the 781 00:39:20,920 --> 00:39:23,480 Speaker 1: details here. This is according to New York Times. Right up, 782 00:39:23,480 --> 00:39:25,359 Speaker 1: go ahead and put this up on the screen. So 783 00:39:25,880 --> 00:39:27,799 Speaker 1: the reason this is a civil suit is because her 784 00:39:27,840 --> 00:39:30,920 Speaker 1: office actually lacks authority to file criminal charges. But she 785 00:39:31,000 --> 00:39:34,480 Speaker 1: has referred some of these findings to federal prosecutors in Manhattan, 786 00:39:34,520 --> 00:39:37,320 Speaker 1: so we will see whether any criminal charges are filed there. 787 00:39:37,960 --> 00:39:40,600 Speaker 1: In terms of what this would mean, so first of all, 788 00:39:40,760 --> 00:39:43,680 Speaker 1: she's seeking two hundred and fifty million dollars in damages, 789 00:39:43,719 --> 00:39:45,799 Speaker 1: so that is a sizable chunk of change, even for 790 00:39:45,840 --> 00:39:49,440 Speaker 1: someone as wealthy as President Trump is. She's also seeking 791 00:39:49,440 --> 00:39:52,920 Speaker 1: to prevent the family from acquiring real estate in New 792 00:39:52,960 --> 00:39:55,360 Speaker 1: York for five years in order to preclude the company 793 00:39:55,360 --> 00:39:59,040 Speaker 1: from reinventing itself in Florida while expanding its New York operations. 794 00:39:59,680 --> 00:40:03,799 Speaker 1: She's also seeking to bar Trump and his children from 795 00:40:03,880 --> 00:40:07,000 Speaker 1: serving as officers or directors in any New York company, 796 00:40:07,360 --> 00:40:09,520 Speaker 1: essentially chasing them out of the state. And just to 797 00:40:09,560 --> 00:40:11,799 Speaker 1: give you a sense of some of the you know, 798 00:40:11,880 --> 00:40:14,160 Speaker 1: some of the evidence she cited here and has been 799 00:40:14,200 --> 00:40:17,799 Speaker 1: proffered before about what exactly they were up to. One 800 00:40:17,840 --> 00:40:22,799 Speaker 1: example is I think his Park Avenue apartment. He inflated 801 00:40:22,840 --> 00:40:24,920 Speaker 1: the size of it by three times, so it's actually 802 00:40:24,920 --> 00:40:28,160 Speaker 1: ten thousand square feet and was like ever been sold 803 00:40:28,200 --> 00:40:31,200 Speaker 1: before thirty thousand square feet and it's worth Yeah, it's 804 00:40:31,280 --> 00:40:34,920 Speaker 1: valued at an amount that literally no residence in New 805 00:40:35,000 --> 00:40:37,280 Speaker 1: York has ever been sold for. So that's one example. 806 00:40:37,680 --> 00:40:39,680 Speaker 1: Another one they gave here, this one was new to me. 807 00:40:39,800 --> 00:40:42,600 Speaker 1: There was a group of rent stabilized apartment in their 808 00:40:42,640 --> 00:40:45,960 Speaker 1: build apartments in their building on Park Avenue. Don Junior 809 00:40:46,000 --> 00:40:48,719 Speaker 1: apparently once described them as being the bane of his existence. 810 00:40:49,160 --> 00:40:51,400 Speaker 1: Instead of acknowledging that the value of some of these 811 00:40:51,440 --> 00:40:54,400 Speaker 1: apartments was capped in the building, the company listed the 812 00:40:54,440 --> 00:40:57,200 Speaker 1: overall residential units as were two hundred and ninety two million, 813 00:40:57,360 --> 00:41:00,720 Speaker 1: multiplying by six the figure that a Preys had assigned 814 00:41:00,719 --> 00:41:04,960 Speaker 1: to the building's residential units and storage spaces. So the 815 00:41:05,000 --> 00:41:08,000 Speaker 1: Trump reaction has been to say, basically, like, Leticia James 816 00:41:08,080 --> 00:41:10,160 Speaker 1: is a partisan actor and she's just doing this as 817 00:41:10,160 --> 00:41:12,799 Speaker 1: a campaign stunt and it's political, et cetera, et cetera. 818 00:41:13,280 --> 00:41:15,400 Speaker 1: I think it's hard, you know, you have to acknowledge 819 00:41:15,440 --> 00:41:18,160 Speaker 1: this is someone Leticia James as a Democrat. When she 820 00:41:18,200 --> 00:41:21,560 Speaker 1: was running for attorney general, she talked about going after Trump. 821 00:41:21,680 --> 00:41:24,680 Speaker 1: But also, you know, I also haven't heard them deny 822 00:41:24,760 --> 00:41:26,960 Speaker 1: that these were the sort of ch canery that they 823 00:41:26,960 --> 00:41:28,920 Speaker 1: were up to. Nor would anyone be surprised if these 824 00:41:28,920 --> 00:41:32,680 Speaker 1: are the sorts of dramatic overstatements that they were engaged in. 825 00:41:32,800 --> 00:41:35,160 Speaker 1: And also, you know, to me, she built some credibility 826 00:41:35,239 --> 00:41:37,680 Speaker 1: when she was the person who really brought down Andrew Cuomo, 827 00:41:37,719 --> 00:41:40,200 Speaker 1: who obviously is our same party, And she was the 828 00:41:40,280 --> 00:41:42,759 Speaker 1: person who she went after Amazon over fire and Chris 829 00:41:42,800 --> 00:41:45,560 Speaker 1: Small she want to she was the lead on this 830 00:41:45,680 --> 00:41:48,319 Speaker 1: lawsuit alleging facebooks and monopolies. So she does have some 831 00:41:48,360 --> 00:41:50,680 Speaker 1: credibility in terms of some of the investigations coming out 832 00:41:50,680 --> 00:41:52,400 Speaker 1: of her office. Some of the stuff here is just 833 00:41:52,440 --> 00:41:55,480 Speaker 1: so crazy, like the apartments that they want together, Like 834 00:41:55,520 --> 00:41:58,239 Speaker 1: you were saying seven hundred and fifty to five fifty million, Like, 835 00:41:58,320 --> 00:42:01,520 Speaker 1: how is that possible? Right? I don't even understand. I literally, 836 00:42:01,680 --> 00:42:03,759 Speaker 1: you know, we run a business. I don't know how 837 00:42:03,880 --> 00:42:07,160 Speaker 1: you do that. We I mean, like we would not 838 00:42:07,200 --> 00:42:09,759 Speaker 1: get away with it. There's no way. And that's the 839 00:42:09,800 --> 00:42:12,720 Speaker 1: thing is like okay, and I'll give you their defense 840 00:42:13,120 --> 00:42:16,120 Speaker 1: in just a moment. But you know, some of these things, 841 00:42:16,200 --> 00:42:20,360 Speaker 1: it's just so brazen. I cannot imagine with the straight 842 00:42:20,360 --> 00:42:24,080 Speaker 1: face putting this stuff forward. Another thing he did is 843 00:42:24,080 --> 00:42:27,960 Speaker 1: he counted as cash money that was actually his partners. 844 00:42:28,480 --> 00:42:31,120 Speaker 1: So it was like in these accounts for some you know, 845 00:42:31,239 --> 00:42:33,680 Speaker 1: joint development they were doing, but it wasn't his, and 846 00:42:33,719 --> 00:42:36,880 Speaker 1: he's like, yeah, that's my cash. Can you imagine. I can't. 847 00:42:36,920 --> 00:42:39,560 Speaker 1: I can't imagine doing that now. Okay, So here's here 848 00:42:39,680 --> 00:42:43,520 Speaker 1: is their defense. And by the way, legal analysts say 849 00:42:43,520 --> 00:42:45,800 Speaker 1: that this case could be kind of hard to prove. 850 00:42:46,640 --> 00:42:50,680 Speaker 1: What they'll say is Deutsche Bank is a sophisticated financial institution. 851 00:42:51,640 --> 00:42:54,320 Speaker 1: They were perfectly able to do their own due diligence, 852 00:42:54,640 --> 00:42:57,320 Speaker 1: and ultimately, you know, their implication is basically, this is 853 00:42:57,320 --> 00:43:00,320 Speaker 1: a victimless crime. And by the way, the law loans 854 00:43:00,360 --> 00:43:03,799 Speaker 1: that they were able to secure, they paid back in 855 00:43:03,840 --> 00:43:06,120 Speaker 1: full with interest, et cetera, et cetera, et cetera. So 856 00:43:06,320 --> 00:43:11,360 Speaker 1: it's not like these fraudulent valuations ultimately, you know, harmed 857 00:43:11,400 --> 00:43:13,640 Speaker 1: even Deutsche Bank because they were able to make good 858 00:43:13,680 --> 00:43:15,719 Speaker 1: on their commitments here. So that's their side of the story. 859 00:43:15,800 --> 00:43:18,360 Speaker 1: I mean, I think that's not a terrible case. I mean, essentially, 860 00:43:18,400 --> 00:43:20,880 Speaker 1: like what we're seeing here is that Trump, you know, 861 00:43:21,080 --> 00:43:24,840 Speaker 1: shocker had shady business practices for the last forty years, 862 00:43:24,960 --> 00:43:28,040 Speaker 1: and if she does get her way, also criminality as 863 00:43:28,080 --> 00:43:30,120 Speaker 1: I understand it, Like what she's really seeking is that 864 00:43:30,160 --> 00:43:31,840 Speaker 1: he has to sign a document saying he can't be 865 00:43:31,840 --> 00:43:33,480 Speaker 1: a corporate officer in the state of New York, New 866 00:43:33,520 --> 00:43:35,319 Speaker 1: York here, right, so like that you know, of course, 867 00:43:35,320 --> 00:43:37,680 Speaker 1: since the Trump Organization, Trump Properties and all those other 868 00:43:37,719 --> 00:43:40,279 Speaker 1: things are headquartered them, that would be a nightmare. But 869 00:43:40,560 --> 00:43:43,120 Speaker 1: really what they're pointing to is they're just uncovering what 870 00:43:43,200 --> 00:43:45,120 Speaker 1: I think a lot of people knew from all this. 871 00:43:45,200 --> 00:43:47,879 Speaker 1: I'm not absolving any of the behavior. Do I think though, 872 00:43:47,920 --> 00:43:50,560 Speaker 1: that it's going to have like some major political impact. No, 873 00:43:50,719 --> 00:43:53,279 Speaker 1: But on a personal level, there is no doubt, like 874 00:43:53,320 --> 00:43:56,160 Speaker 1: this is a dagger into the heart of their business 875 00:43:56,360 --> 00:43:59,080 Speaker 1: just because it uncovers some stuff and they could unravel 876 00:43:59,120 --> 00:44:02,319 Speaker 1: other loans and other corporate deals that they have going 877 00:44:02,320 --> 00:44:04,320 Speaker 1: on right now. Yeah, Well, and the next question is, okay, 878 00:44:04,320 --> 00:44:06,520 Speaker 1: as their attax fraud, is that the piece that comes 879 00:44:06,520 --> 00:44:09,040 Speaker 1: out you know, from the prosecutors if they look at 880 00:44:09,080 --> 00:44:13,319 Speaker 1: criminal charges. Are there federal tax avoidance schemes as well 881 00:44:13,360 --> 00:44:16,399 Speaker 1: that are actually you know, reach a point of being illegal. Now, 882 00:44:17,280 --> 00:44:20,920 Speaker 1: some of the reasons why this could be more irksome 883 00:44:21,000 --> 00:44:24,000 Speaker 1: to Trump than you might think is Number one, as 884 00:44:24,000 --> 00:44:26,959 Speaker 1: you're pointing at, like this is a significant potential glow 885 00:44:27,000 --> 00:44:30,080 Speaker 1: to his business. I mean that's real. Number Two, his 886 00:44:30,200 --> 00:44:32,719 Speaker 1: children are named, so it hits you know, in a 887 00:44:32,760 --> 00:44:35,080 Speaker 1: personal way there that this is not just about him, 888 00:44:35,120 --> 00:44:38,720 Speaker 1: it's about his about three of his adult children as well. 889 00:44:39,160 --> 00:44:42,160 Speaker 1: And then also it does kind of strike at the 890 00:44:42,160 --> 00:44:46,200 Speaker 1: core of his whole brand and image and mystique and 891 00:44:46,280 --> 00:44:50,680 Speaker 1: like his you know, his projection of lavish extreme wealth 892 00:44:51,320 --> 00:44:53,600 Speaker 1: and you know, the dollar figure she's seeking here is 893 00:44:53,680 --> 00:44:57,880 Speaker 1: ultimately pretty significant. Couple other legal details that are worth mentioning. 894 00:44:58,040 --> 00:45:03,520 Speaker 1: Apparently reportedly they had offered a settlement and Latisia James 895 00:45:03,520 --> 00:45:08,319 Speaker 1: said no, thank you. Another thing was two of the four, 896 00:45:08,480 --> 00:45:12,000 Speaker 1: so Trump, Don Junior, Eric and Evanka two of them 897 00:45:12,200 --> 00:45:14,719 Speaker 1: pled the fifth when they were questioned about this. I 898 00:45:14,800 --> 00:45:17,319 Speaker 1: think it was Trump and Don Junior and then the 899 00:45:17,360 --> 00:45:20,000 Speaker 1: other two, Eric and Evanka did not. And one thing 900 00:45:20,080 --> 00:45:22,000 Speaker 1: I learned in reading about this that I didn't know 901 00:45:22,200 --> 00:45:25,920 Speaker 1: is in a civil suit. You are actually allowed to 902 00:45:26,120 --> 00:45:29,239 Speaker 1: use against them the fact that they pled the Fifth Huh. 903 00:45:29,760 --> 00:45:32,400 Speaker 1: This is a New York specific law, I believe. But 904 00:45:32,480 --> 00:45:35,920 Speaker 1: you are allowed to like basically make the worst possible 905 00:45:36,400 --> 00:45:39,239 Speaker 1: inference from that that if they had responded, it would 906 00:45:39,239 --> 00:45:42,520 Speaker 1: have implicated them in a negative way. So that's what 907 00:45:42,560 --> 00:45:44,560 Speaker 1: I know about that. That's a lot. Yeah, it's fun 908 00:45:44,640 --> 00:45:47,400 Speaker 1: learning about New York corporate law. Who knew I had 909 00:45:47,440 --> 00:45:49,080 Speaker 1: to go get a lot degree after all? This for 910 00:45:49,080 --> 00:45:51,200 Speaker 1: against us? Crazy, Well, why don't we get to the 911 00:45:51,239 --> 00:45:54,360 Speaker 1: special masters? Okay, Yeah, So this broke yesterday evening, and 912 00:45:54,400 --> 00:45:56,480 Speaker 1: this is maybe even a big deal than the Letitia 913 00:45:56,560 --> 00:45:59,160 Speaker 1: James suit at this point. So let's go ahead and 914 00:45:59,200 --> 00:46:02,120 Speaker 1: put this up on this screen. Government securing a pretty 915 00:46:02,120 --> 00:46:05,799 Speaker 1: significant victory here with an appeals court panel. They have 916 00:46:05,920 --> 00:46:09,840 Speaker 1: granted the DOJ's request for a stay of parts of 917 00:46:09,920 --> 00:46:14,640 Speaker 1: Judge Cannon's rule. It specifically, what the government won here, 918 00:46:14,760 --> 00:46:17,080 Speaker 1: and this is a big deal, is the right to 919 00:46:17,120 --> 00:46:20,040 Speaker 1: be able to use the classified docus about one hundred 920 00:46:20,040 --> 00:46:22,960 Speaker 1: classified documents that were seized in the search. They're allowed 921 00:46:23,000 --> 00:46:27,600 Speaker 1: to use them in their ongoing criminal investigation. Previously, they 922 00:46:27,600 --> 00:46:29,600 Speaker 1: had been blocked from doing that, and that was going 923 00:46:29,600 --> 00:46:31,840 Speaker 1: to significantly delay what they were able to do in 924 00:46:31,920 --> 00:46:34,239 Speaker 1: terms of deciding whether or not to file charges. So 925 00:46:34,760 --> 00:46:37,520 Speaker 1: this panel of three judges, two of whom were Trump 926 00:46:37,560 --> 00:46:40,000 Speaker 1: appointees and one of whom was an Obama appointee, and 927 00:46:40,040 --> 00:46:44,160 Speaker 1: they'll rule unanimously in the government's favor, saying no, you 928 00:46:44,200 --> 00:46:47,000 Speaker 1: can go ahead and use these classified documents. And furthermore, 929 00:46:47,040 --> 00:46:49,719 Speaker 1: the other piece here, as I understand it, is that 930 00:46:49,800 --> 00:46:53,279 Speaker 1: means that the Special Master who has been agreed appointed 931 00:46:53,320 --> 00:46:56,600 Speaker 1: to go through all the documents, now those hundred classified 932 00:46:56,640 --> 00:47:00,200 Speaker 1: documents are out of the Special Master's perview. So it's 933 00:47:00,200 --> 00:47:04,400 Speaker 1: a pretty significant win for the government as I understand it. 934 00:47:04,560 --> 00:47:07,879 Speaker 1: There are a couple of possibilities for the Trump side 935 00:47:07,920 --> 00:47:10,920 Speaker 1: to appeal this. One would be to ask the uh 936 00:47:11,719 --> 00:47:14,680 Speaker 1: eleventh Circuit to consider this quote on bank on bunk, 937 00:47:14,719 --> 00:47:16,360 Speaker 1: which is like with all of the judges as a 938 00:47:16,400 --> 00:47:20,640 Speaker 1: three judge panel, that's from what I read, unlikely to happen. 939 00:47:20,680 --> 00:47:22,400 Speaker 1: The other avenue would be to take this to the 940 00:47:22,440 --> 00:47:25,759 Speaker 1: Supreme Court. Also unlikely that the Supreme Court would take 941 00:47:25,760 --> 00:47:27,560 Speaker 1: this up, just because it's this kind of like nitty 942 00:47:27,560 --> 00:47:31,360 Speaker 1: gritty procedural matter. So looks like a significant victory for 943 00:47:31,480 --> 00:47:34,640 Speaker 1: the government that will allow them to continue to investigate 944 00:47:34,680 --> 00:47:37,040 Speaker 1: this and potentially build a case and not create these 945 00:47:37,160 --> 00:47:39,600 Speaker 1: long delays that they were concerned about. Right, So two 946 00:47:39,680 --> 00:47:42,000 Speaker 1: parts of this, right, yes, as I understand it. Number one, 947 00:47:42,520 --> 00:47:44,919 Speaker 1: the Special Master is basically like, if you can't prove 948 00:47:44,960 --> 00:47:47,719 Speaker 1: that you didn't declass by these documents, you're done. There's 949 00:47:48,440 --> 00:47:50,120 Speaker 1: so that's a step that's a separate one from the 950 00:47:50,120 --> 00:47:52,120 Speaker 1: Special mass. Let me let me break that one down. 951 00:47:52,640 --> 00:47:54,640 Speaker 1: I know I can't get my head because I was 952 00:47:54,640 --> 00:47:56,560 Speaker 1: going to say at the same time, though, but the 953 00:47:56,600 --> 00:47:59,560 Speaker 1: documents can be resumed being looked at. Yes, So it's like, okay, yeah, 954 00:47:59,600 --> 00:48:01,600 Speaker 1: well it's yes, I do. It does sort of seem 955 00:48:01,680 --> 00:48:04,280 Speaker 1: like it almost negates this previous part of the story. 956 00:48:04,320 --> 00:48:08,640 Speaker 1: But this part is interesting just because it shows the 957 00:48:08,680 --> 00:48:10,920 Speaker 1: direction the Special Master is going. So let's put this 958 00:48:10,920 --> 00:48:13,160 Speaker 1: next piece up on the screen. So this happened before 959 00:48:13,640 --> 00:48:17,279 Speaker 1: a couple days back. The Special Master really had a 960 00:48:17,480 --> 00:48:22,359 Speaker 1: pretty spicy exchange with Trump's lawyers where he was like, hey, 961 00:48:22,360 --> 00:48:25,040 Speaker 1: you can't have your cake and eat it too, meaning 962 00:48:25,880 --> 00:48:29,920 Speaker 1: you can't float this idea of oh maybe he did 963 00:48:30,120 --> 00:48:33,359 Speaker 1: declassified all of this and so you should worry about 964 00:48:33,400 --> 00:48:35,680 Speaker 1: the fact that it's classified, but then not enter any 965 00:48:35,719 --> 00:48:39,880 Speaker 1: specific evidence of the fact that these documents were declassified. 966 00:48:40,280 --> 00:48:43,759 Speaker 1: Now this ultimately, again this may end up being kind 967 00:48:43,840 --> 00:48:46,480 Speaker 1: of meaningless from a legal standpoint, because now we have 968 00:48:46,560 --> 00:48:48,680 Speaker 1: this other ruling that says basically, a hey, Special Master, 969 00:48:48,680 --> 00:48:52,160 Speaker 1: don't worry about these classified documents at all. But why 970 00:48:52,200 --> 00:48:54,680 Speaker 1: this is significant in terms of reading the tee lees 971 00:48:54,840 --> 00:48:58,200 Speaker 1: is because remember, this Special Master was on a list 972 00:48:58,360 --> 00:49:01,000 Speaker 1: that the Trump team had picked. So this was someone 973 00:49:01,040 --> 00:49:03,840 Speaker 1: that they thought, according to reporting, was going to be 974 00:49:03,920 --> 00:49:06,000 Speaker 1: on their side. They thought he was a real deep 975 00:49:06,040 --> 00:49:09,560 Speaker 1: state skeptic. He was involved in the whole like I'm 976 00:49:09,560 --> 00:49:11,120 Speaker 1: sorry to go back to all of this, but the 977 00:49:11,120 --> 00:49:13,760 Speaker 1: whole Carter page fies the court stuff. He was actually 978 00:49:13,760 --> 00:49:15,640 Speaker 1: on the Fize court and apparently it was very critical 979 00:49:15,680 --> 00:49:18,319 Speaker 1: of how that was handled. So they thought, oh, this 980 00:49:18,360 --> 00:49:21,680 Speaker 1: is one of our guys. Well from these exchanges, he 981 00:49:21,719 --> 00:49:24,359 Speaker 1: basically was like, I don't really know what I'm even 982 00:49:24,400 --> 00:49:27,160 Speaker 1: expected to do here. It seems like it's pretty simple answer. 983 00:49:27,280 --> 00:49:29,200 Speaker 1: If it turns out, you guys aren't going to offer 984 00:49:29,239 --> 00:49:32,600 Speaker 1: any evidence that these documents are declassified. So it didn't 985 00:49:32,719 --> 00:49:35,680 Speaker 1: seem like he was just going to fall into their 986 00:49:36,080 --> 00:49:38,799 Speaker 1: you know, taking their side of the debate in all 987 00:49:38,840 --> 00:49:41,520 Speaker 1: of these issues. Was what seemed significant about to be okay, 988 00:49:41,560 --> 00:49:44,279 Speaker 1: So two things. Number One, the government can restart looking 989 00:49:44,280 --> 00:49:48,080 Speaker 1: at the documents. Number Two, Trump's defense looks really shady. Well, 990 00:49:48,120 --> 00:49:50,799 Speaker 1: he was on shot with Sean Hannity and he was 991 00:49:50,840 --> 00:49:53,839 Speaker 1: again talking about whether or not these documents were declassified, 992 00:49:53,960 --> 00:49:56,800 Speaker 1: and he said that a president even even just thinking 993 00:49:56,840 --> 00:50:00,160 Speaker 1: about declassifying documents, that that's enough. So that's his defense, man, 994 00:50:00,239 --> 00:50:01,680 Speaker 1: That's just that's just not going to fly in court. 995 00:50:01,719 --> 00:50:03,920 Speaker 1: So like let's put that all together. Yeah, look, I 996 00:50:03,960 --> 00:50:06,200 Speaker 1: think they've got him dead to rights. And this is 997 00:50:06,280 --> 00:50:09,360 Speaker 1: not a judgment of like of whether the case is 998 00:50:09,400 --> 00:50:11,560 Speaker 1: good or not. I'm just telling you, like on the 999 00:50:11,600 --> 00:50:14,920 Speaker 1: merits from everything I've read, if that's your defense, and 1000 00:50:14,960 --> 00:50:18,359 Speaker 1: you can't show that you legally sign something, well, as 1001 00:50:18,400 --> 00:50:21,959 Speaker 1: your government argued in court whenever they said just because 1002 00:50:22,000 --> 00:50:25,239 Speaker 1: Trump tweets something declassified, that it doesn't mean it's declassified 1003 00:50:25,280 --> 00:50:27,239 Speaker 1: because you have to go through paperwork. That's right. I 1004 00:50:27,280 --> 00:50:29,560 Speaker 1: don't see how old Donnie wriggles his way out of that. 1005 00:50:29,719 --> 00:50:32,520 Speaker 1: I mean, honestly, I really don't. It is a let's 1006 00:50:32,520 --> 00:50:35,560 Speaker 1: just say, it's an extreme legal view to take to 1007 00:50:35,600 --> 00:50:38,759 Speaker 1: be like a president can literally literally just declassified it, 1008 00:50:38,840 --> 00:50:41,040 Speaker 1: but there's no jaris thinking about it. Back that up. 1009 00:50:41,120 --> 00:50:45,080 Speaker 1: I can't imagine that anyone serious really believes that, because remember, 1010 00:50:45,120 --> 00:50:47,960 Speaker 1: declassification isn't just like a willy nilly thing. That means 1011 00:50:47,960 --> 00:50:51,840 Speaker 1: that then you know Ken Klippenstein, another investigative journalist, Ken Foya, 1012 00:50:52,239 --> 00:50:55,120 Speaker 1: those documents, like the public then gets access to them, 1013 00:50:55,239 --> 00:50:58,600 Speaker 1: which we should so, right, So the idea that this 1014 00:50:58,640 --> 00:51:01,319 Speaker 1: can be done in such a casual or even just 1015 00:51:01,360 --> 00:51:05,000 Speaker 1: like a thought exercise, I can't see that's with standing experiity. 1016 00:51:05,040 --> 00:51:07,640 Speaker 1: And then even if you were to grant them that, 1017 00:51:07,800 --> 00:51:10,200 Speaker 1: or they come up with some standing order that they 1018 00:51:10,200 --> 00:51:13,759 Speaker 1: had or whatever cash Betel produces some proof that they 1019 00:51:13,840 --> 00:51:17,440 Speaker 1: actually declassified these documents, it's not even clear then that 1020 00:51:17,440 --> 00:51:21,919 Speaker 1: that really matters, because ultimately the statutes that they are 1021 00:51:22,000 --> 00:51:26,200 Speaker 1: evaluating for potential indictment and charges don't require that the 1022 00:51:26,239 --> 00:51:31,000 Speaker 1: documents are actually classified. So you know, when you put 1023 00:51:31,000 --> 00:51:33,279 Speaker 1: it all together, and this is to me the most 1024 00:51:33,320 --> 00:51:37,399 Speaker 1: significant part of the Letitia James civil suit as well, 1025 00:51:37,520 --> 00:51:41,440 Speaker 1: is you just have so many mounting issues on so 1026 00:51:41,640 --> 00:51:45,959 Speaker 1: many different fronts. You've got the investigations into a super pack. 1027 00:51:46,040 --> 00:51:48,839 Speaker 1: You've got the investigations into January sixth and incitement. You've 1028 00:51:48,840 --> 00:51:52,160 Speaker 1: got the fake electors investigations both in DC and down 1029 00:51:52,200 --> 00:51:55,279 Speaker 1: in Georgia. You've got the documents issue. Now you've got 1030 00:51:55,280 --> 00:51:58,040 Speaker 1: the civil suit in New York that could hobble his businesses. 1031 00:51:58,640 --> 00:52:01,000 Speaker 1: It's just a lot that can and I'm probably like 1032 00:52:01,040 --> 00:52:03,200 Speaker 1: forgetting one or two things in this list, by the way, 1033 00:52:03,719 --> 00:52:06,320 Speaker 1: it's just a lot that continues to mount and continues 1034 00:52:06,440 --> 00:52:09,239 Speaker 1: to mount and makes it increasingly difficult to see number one, 1035 00:52:09,280 --> 00:52:11,279 Speaker 1: how he totally gets out of it, and number two, 1036 00:52:11,320 --> 00:52:15,600 Speaker 1: how the government avoids charging him with something, because there 1037 00:52:15,680 --> 00:52:18,240 Speaker 1: is just far too much out now in the public 1038 00:52:18,760 --> 00:52:21,360 Speaker 1: public sphere to then say, well, yeah, we see that 1039 00:52:21,440 --> 00:52:23,560 Speaker 1: he committed all these crimes, but we're not actually going 1040 00:52:23,640 --> 00:52:25,440 Speaker 1: to do anything about it. I just think it's substantially 1041 00:52:25,440 --> 00:52:28,600 Speaker 1: different from the Mother investigation. There is, frankly, just more 1042 00:52:28,640 --> 00:52:32,239 Speaker 1: there on every single front. YEA, on these and on 1043 00:52:32,320 --> 00:52:35,120 Speaker 1: this one in particular, like, I just don't see how 1044 00:52:35,160 --> 00:52:37,560 Speaker 1: you can get out of it, Like it's possible that 1045 00:52:37,560 --> 00:52:40,719 Speaker 1: they decline to indict, but I mean, all the facts 1046 00:52:40,800 --> 00:52:43,040 Speaker 1: and all of that make it clear, like if he 1047 00:52:43,080 --> 00:52:45,879 Speaker 1: didn't sign some paperwork, he doesn't have a case, as 1048 00:52:45,920 --> 00:52:50,239 Speaker 1: his own special master now says, so good luck in court. Like, 1049 00:52:50,440 --> 00:52:52,200 Speaker 1: I don't see how I don't see any other way 1050 00:52:52,200 --> 00:52:54,160 Speaker 1: that it can turn out, which is crazy, you know, 1051 00:52:54,200 --> 00:52:57,279 Speaker 1: from a macro political view. But we will just zero 1052 00:52:57,400 --> 00:52:59,719 Speaker 1: in on this until that actually happens. I'm just saying, like, 1053 00:52:59,760 --> 00:53:02,080 Speaker 1: from what I can read and a lot many other 1054 00:53:02,120 --> 00:53:04,920 Speaker 1: conservative yeah, legal experts and more, I haven't seen a 1055 00:53:04,960 --> 00:53:07,120 Speaker 1: single one say that that isn't the case. Yeah. Well, 1056 00:53:07,120 --> 00:53:10,040 Speaker 1: and I think it's significant that on this Eleventh Circuit 1057 00:53:10,080 --> 00:53:13,840 Speaker 1: Court of Appeals, this three person panel, two of them 1058 00:53:14,080 --> 00:53:16,960 Speaker 1: Trump appointees, and it was a unanimous decision in the 1059 00:53:16,960 --> 00:53:20,440 Speaker 1: government's favor. So that tells you, like his people that 1060 00:53:20,480 --> 00:53:23,080 Speaker 1: he put on the court are not really too inclined 1061 00:53:23,080 --> 00:53:25,760 Speaker 1: to bail him out at this point. Yeah, well said okay, 1062 00:53:25,920 --> 00:53:29,320 Speaker 1: we also have a big economic news. Let's go and 1063 00:53:29,400 --> 00:53:31,880 Speaker 1: put this up on the screen. So the Federal Reserve 1064 00:53:31,960 --> 00:53:34,560 Speaker 1: did go ahead and move forward with what was expected. 1065 00:53:35,280 --> 00:53:37,759 Speaker 1: Here's the Boston Globes has fed at tax inflation with 1066 00:53:37,840 --> 00:53:41,279 Speaker 1: another big hike and expects more so that might be 1067 00:53:41,360 --> 00:53:44,760 Speaker 1: the most critical part. They hiked the rates by seventy 1068 00:53:44,760 --> 00:53:47,600 Speaker 1: five basis points. That's point seventy five of a percent. 1069 00:53:48,000 --> 00:53:50,239 Speaker 1: So there had been some analysts saying, oh, they might 1070 00:53:50,280 --> 00:53:52,440 Speaker 1: even do a full hundred basis points. They didn't do that. 1071 00:53:52,480 --> 00:53:54,959 Speaker 1: They stuck with the point seventy five. That being said, 1072 00:53:54,960 --> 00:53:58,880 Speaker 1: that is still quite extraordinary of an action. This all comes, 1073 00:53:59,000 --> 00:54:01,440 Speaker 1: as you know, there was a hope that inflation was 1074 00:54:01,480 --> 00:54:05,560 Speaker 1: really starting to be brought under control. Those hopes were dashed, 1075 00:54:05,680 --> 00:54:08,640 Speaker 1: I would say somewhat by the last reports. We got 1076 00:54:08,680 --> 00:54:11,520 Speaker 1: about exactly what the inflation numbers are. And as I 1077 00:54:11,520 --> 00:54:14,640 Speaker 1: said before, their expectation is they're going to continue in 1078 00:54:14,680 --> 00:54:17,440 Speaker 1: this direction. And I know we're broken record on this, 1079 00:54:17,560 --> 00:54:20,919 Speaker 1: but it's a dangerous situation because number one, you're using 1080 00:54:20,920 --> 00:54:22,960 Speaker 1: a tool that isn't really well suited to deal with 1081 00:54:22,960 --> 00:54:25,840 Speaker 1: the underlying problems here. Number Two, there is a lagging 1082 00:54:25,880 --> 00:54:28,400 Speaker 1: effect where when you hike the rates, it takes a 1083 00:54:28,440 --> 00:54:31,319 Speaker 1: while for the impact to hit. They're very clear about, hey, 1084 00:54:31,400 --> 00:54:33,359 Speaker 1: we want to get wages down, we want to get 1085 00:54:33,440 --> 00:54:36,880 Speaker 1: unemployment up. This all could potentially be a disaster for 1086 00:54:36,960 --> 00:54:39,600 Speaker 1: you all, because the worst possible scenarios. You continue to 1087 00:54:39,600 --> 00:54:43,560 Speaker 1: have inflation, but you also have a severe recession. Yeah, 1088 00:54:43,640 --> 00:54:46,520 Speaker 1: exactly right, and all of the downstream effects are just 1089 00:54:46,520 --> 00:54:49,000 Speaker 1: becoming completely crazy. Let's prow this next one up there 1090 00:54:49,239 --> 00:54:52,600 Speaker 1: on the screen. Existing home sales fell dramatically in August 1091 00:54:52,800 --> 00:54:56,719 Speaker 1: and prices are softening significantly. And then furthermore, I mean, 1092 00:54:56,840 --> 00:54:59,000 Speaker 1: put the next one up there. This is a crazy 1093 00:54:59,000 --> 00:55:02,359 Speaker 1: one that you found. The median American household would need 1094 00:55:02,400 --> 00:55:05,640 Speaker 1: to spend forty four point five percent of their income 1095 00:55:05,960 --> 00:55:09,320 Speaker 1: to afford payments on a median price house in the 1096 00:55:09,480 --> 00:55:14,360 Speaker 1: United States, the highest percentage on record going back to 1097 00:55:14,480 --> 00:55:18,279 Speaker 1: two thousand and six. Wow, So what is going on here? 1098 00:55:18,440 --> 00:55:21,000 Speaker 1: Here's here's another way. Somebody just sent me this, and 1099 00:55:21,040 --> 00:55:25,000 Speaker 1: it's actually completely insane whenever you consider it in terms 1100 00:55:25,000 --> 00:55:29,960 Speaker 1: of mortgages, if you secured a thirty year fixed mortgage 1101 00:55:30,000 --> 00:55:32,279 Speaker 1: on a six hundred thousand dollars home at a two 1102 00:55:32,360 --> 00:55:34,960 Speaker 1: point six percent interest rate in twenty twenty one, you 1103 00:55:35,120 --> 00:55:38,400 Speaker 1: now have the same monthly mortgage as someone that just 1104 00:55:38,440 --> 00:55:41,879 Speaker 1: bought a three hundred and ninety two thousand dollars home. Wow, 1105 00:55:41,960 --> 00:55:44,719 Speaker 1: at today's six point two percent interest rate, that's how 1106 00:55:44,800 --> 00:55:48,279 Speaker 1: much interest rates matter. Whenever you buy property, almost what 1107 00:55:48,360 --> 00:55:50,960 Speaker 1: two thirds of the value of the house. And so 1108 00:55:51,200 --> 00:55:54,160 Speaker 1: that that's why what we say is like, look, just 1109 00:55:54,160 --> 00:55:56,919 Speaker 1: because the stick of price goes down, you ain't paying less, 1110 00:55:57,640 --> 00:56:02,520 Speaker 1: got it, a bank you're doing you're not doing so well. Yeah, 1111 00:56:02,840 --> 00:56:05,560 Speaker 1: it really is the worst of all possible worlds because 1112 00:56:05,600 --> 00:56:07,560 Speaker 1: if you're a homeowner, number one, you're stuck in your 1113 00:56:07,560 --> 00:56:10,120 Speaker 1: house because you can't afford to give up the orgy 1114 00:56:10,239 --> 00:56:11,719 Speaker 1: rate that you've got locked in. I mean, you're in 1115 00:56:11,760 --> 00:56:14,760 Speaker 1: the best possible position, but you're also watching your equity 1116 00:56:14,800 --> 00:56:18,120 Speaker 1: go down as prices are coming down in most major 1117 00:56:18,200 --> 00:56:22,359 Speaker 1: markets right now. As of now, you've only had two 1118 00:56:22,880 --> 00:56:26,680 Speaker 1: markets across the country, Boise and Fairbanks, Alaska, that have 1119 00:56:26,760 --> 00:56:30,080 Speaker 1: actually seen year over year declines, But you have a 1120 00:56:30,160 --> 00:56:33,759 Speaker 1: majority of markets that have seen prices come down from 1121 00:56:33,800 --> 00:56:37,239 Speaker 1: their peak. Okay, so we are in that prices are softening, 1122 00:56:37,280 --> 00:56:40,520 Speaker 1: they are headed downwards. So homeowners are stuck and they're 1123 00:56:40,520 --> 00:56:43,319 Speaker 1: seeing the equity in their house decline. But they're in 1124 00:56:43,320 --> 00:56:47,600 Speaker 1: the best possible position, right people who have a dream 1125 00:56:47,920 --> 00:56:50,200 Speaker 1: of one day in their life being able to afford 1126 00:56:50,239 --> 00:56:52,600 Speaker 1: a home. I mean, this is a disaster because yeah, 1127 00:56:52,640 --> 00:56:54,719 Speaker 1: you might see, Okay, the sticker price is coming down, 1128 00:56:54,960 --> 00:56:56,760 Speaker 1: but then you do the math on what the mortgage 1129 00:56:56,840 --> 00:56:59,719 Speaker 1: is going to cost, you're like, there's no there's literally 1130 00:57:00,200 --> 00:57:04,960 Speaker 1: no way. It's never been more unaffordable. So it really 1131 00:57:05,040 --> 00:57:07,319 Speaker 1: is kind of a worst of all possible worlds for 1132 00:57:07,400 --> 00:57:09,560 Speaker 1: regular people. Now, if you're permanent capital and you've got 1133 00:57:09,600 --> 00:57:11,360 Speaker 1: tons of cash and you can come in and benefit 1134 00:57:11,400 --> 00:57:13,919 Speaker 1: from the fact that prices are going to come down, 1135 00:57:14,160 --> 00:57:15,680 Speaker 1: well that's going to be great for them, and they're 1136 00:57:15,719 --> 00:57:18,640 Speaker 1: all position to want to be America's landlord. And it's 1137 00:57:18,680 --> 00:57:21,479 Speaker 1: a disaster in terms of like building middle class wealth 1138 00:57:21,480 --> 00:57:25,400 Speaker 1: and having some reasonable track to get to the American dream. 1139 00:57:25,560 --> 00:57:29,440 Speaker 1: So that's who ultimately this state of affairs benefits. But 1140 00:57:29,520 --> 00:57:31,880 Speaker 1: you can see a huge slowdown in terms of the 1141 00:57:31,960 --> 00:57:36,560 Speaker 1: number of homes that are sold. So in sales were 1142 00:57:36,640 --> 00:57:40,000 Speaker 1: nineteen point nine percent lower than in August of twenty 1143 00:57:40,040 --> 00:57:42,400 Speaker 1: twenty one. So when you look year over year, the 1144 00:57:42,600 --> 00:57:45,160 Speaker 1: number of homes being sold down twenty percent, So you 1145 00:57:45,160 --> 00:57:47,840 Speaker 1: can see the market is sort of seized up even 1146 00:57:47,960 --> 00:57:50,800 Speaker 1: as you don't have this dramatic fallen prices, because the 1147 00:57:50,840 --> 00:57:54,120 Speaker 1: other pieces you still have low inventory. Home builders are 1148 00:57:54,240 --> 00:57:57,240 Speaker 1: still because rates are going up. Homebuilders are still sort 1149 00:57:57,280 --> 00:57:59,520 Speaker 1: of holding off in terms of what they're putting into 1150 00:57:59,560 --> 00:58:03,360 Speaker 1: the market. So it is a terrible situation and isn't 1151 00:58:03,640 --> 00:58:07,280 Speaker 1: going to benefit any ordinary Americans right now. Yeah, I 1152 00:58:07,320 --> 00:58:09,720 Speaker 1: think that's exactly right. I mean, it's just it's a 1153 00:58:09,840 --> 00:58:13,360 Speaker 1: very very difficult situation and everyday life, both on inflation 1154 00:58:13,600 --> 00:58:16,440 Speaker 1: and in terms of mortgage is now much more unaffordable 1155 00:58:16,440 --> 00:58:18,720 Speaker 1: for people, on top of squeezing the rental market. So 1156 00:58:19,120 --> 00:58:22,360 Speaker 1: it's very sad, and ironically enough, only contributes even more 1157 00:58:22,360 --> 00:58:25,960 Speaker 1: to rental inflation. That's yeah, exactly right. So that's how 1158 00:58:26,640 --> 00:58:29,040 Speaker 1: those effects that, as we pointed to, when the Fed 1159 00:58:29,160 --> 00:58:32,760 Speaker 1: hikes rates, it doesn't it's not all anti inflationary. There 1160 00:58:32,760 --> 00:58:35,840 Speaker 1: are some effects here, like increasing rent prices that actually 1161 00:58:35,920 --> 00:58:40,360 Speaker 1: go against what they're trying to accomplish. Okay, finally, the 1162 00:58:40,440 --> 00:58:43,040 Speaker 1: fun Block. A little bit of a controversy this week 1163 00:58:43,560 --> 00:58:48,240 Speaker 1: based on President Biden's in my opinion, totally anodyne comments 1164 00:58:48,640 --> 00:58:51,400 Speaker 1: about the COVID pandemic and where we are this is 1165 00:58:51,440 --> 00:58:53,720 Speaker 1: on sixty minutes. You know, they were so anodyning. We're 1166 00:58:53,760 --> 00:58:55,400 Speaker 1: like a dayly too that we're like, no, we're not 1167 00:58:55,440 --> 00:58:57,400 Speaker 1: even going to cover it. Yeah, but I didn't even 1168 00:58:57,440 --> 00:59:00,400 Speaker 1: think it was worthy covering now. It was like, ah, whatever, Yeah, 1169 00:59:00,480 --> 00:59:03,120 Speaker 1: But now since then, there's been some other developments we'll 1170 00:59:03,120 --> 00:59:04,400 Speaker 1: get to in a minute. So let's take a listen 1171 00:59:04,400 --> 00:59:06,560 Speaker 1: to what the President said on sixty minutes. Is the 1172 00:59:06,560 --> 00:59:11,120 Speaker 1: pandemic over. The pandemic is over. We still have a 1173 00:59:11,160 --> 00:59:13,520 Speaker 1: problem with COVID. We're still doing a lot of work 1174 00:59:13,560 --> 00:59:17,440 Speaker 1: on it. It's but the pandemic is over. If you notice, 1175 00:59:17,480 --> 00:59:19,840 Speaker 1: no one's wearing masks. Everybody seems to be in pretty 1176 00:59:19,880 --> 00:59:22,640 Speaker 1: good shape. And so I think it's changing, and I 1177 00:59:22,680 --> 00:59:26,520 Speaker 1: think this is a perfect example of it. So Sarder personally, 1178 00:59:26,600 --> 00:59:31,360 Speaker 1: what irritated me about the backlash to this among you know, 1179 00:59:31,480 --> 00:59:35,600 Speaker 1: liberals who are super committed to like COVID forever politics. Yeah, 1180 00:59:35,920 --> 00:59:38,560 Speaker 1: is it really ignored that second part of what he said, 1181 00:59:38,680 --> 00:59:41,040 Speaker 1: because he didn't say, like, the pandemic is over and 1182 00:59:41,120 --> 00:59:43,760 Speaker 1: COVID is gone and that's it. He added some very 1183 00:59:43,800 --> 00:59:46,440 Speaker 1: reasonable caveats here that basically indicates like it's not a 1184 00:59:46,440 --> 00:59:49,120 Speaker 1: pandemic anymore, it's not endemic to the population, and yeah, 1185 00:59:49,120 --> 00:59:51,280 Speaker 1: we still have a problem, but we'ren't a better place, 1186 00:59:51,360 --> 00:59:55,120 Speaker 1: Like how can you deny that that's ultimately descriptively correct. 1187 00:59:55,200 --> 00:59:58,760 Speaker 1: Like people do not predominantly wear masks anymore. People are 1188 00:59:58,800 --> 01:00:01,840 Speaker 1: not predominantly like pulling their kids out like some people are. 1189 01:00:01,880 --> 01:00:03,400 Speaker 1: I live around a lot of them, and you know, 1190 01:00:03,440 --> 01:00:05,240 Speaker 1: I feel bad for them, but hey, look, you know 1191 01:00:05,280 --> 01:00:07,800 Speaker 1: it's a free country. You can do whatever you want. Yeah, 1192 01:00:07,840 --> 01:00:10,360 Speaker 1: that's what he was saying. On a population wide level, 1193 01:00:10,520 --> 01:00:13,240 Speaker 1: most people are not behating like their pandemic, nor should 1194 01:00:13,240 --> 01:00:16,400 Speaker 1: they in my opinion. But that's my opinion. So descriptively 1195 01:00:16,760 --> 01:00:19,840 Speaker 1: he was stating a fact. And yet, of course, you know, 1196 01:00:19,880 --> 01:00:24,360 Speaker 1: the branch Kavidians freaked out at these comments, Crystal prompting then, 1197 01:00:24,400 --> 01:00:26,800 Speaker 1: I haven't heard that fault. Oh it's my personal favorite. 1198 01:00:27,960 --> 01:00:29,640 Speaker 1: There's so much you can do with it from a 1199 01:00:29,680 --> 01:00:33,360 Speaker 1: meme perspective. Then, though, as a result, because apparently these 1200 01:00:33,360 --> 01:00:36,680 Speaker 1: people have tremendous cultural cachet, this is why we have 1201 01:00:36,760 --> 01:00:39,280 Speaker 1: to cover it. The White House Press secretary, Well, it 1202 01:00:39,240 --> 01:00:42,240 Speaker 1: gets involved. It's not just they have cultural cachet, it's 1203 01:00:42,320 --> 01:00:45,200 Speaker 1: that they have a lot of sway within the democratic part. 1204 01:00:45,480 --> 01:00:48,600 Speaker 1: Because you're talking about them being disproportionately represented among the 1205 01:00:48,640 --> 01:00:51,520 Speaker 1: donor base. And we'll get then there's a piece of 1206 01:00:51,520 --> 01:00:54,120 Speaker 1: that that's important in a moment. But so yeah, these 1207 01:00:54,520 --> 01:00:59,040 Speaker 1: in my opinion, accurate and anazyne comments that shouldn't have 1208 01:00:59,040 --> 01:01:03,040 Speaker 1: sparked any sort of disagreement, is just like manifestly true. 1209 01:01:03,400 --> 01:01:06,080 Speaker 1: They got enough pushback so that the pres Secretary Koree 1210 01:01:06,200 --> 01:01:09,560 Speaker 1: John Pierre got asked about it with the folks over 1211 01:01:09,560 --> 01:01:11,640 Speaker 1: at Morning Joe. Let's take listen to that. Also, in 1212 01:01:11,640 --> 01:01:14,840 Speaker 1: the sixteen minutes interview said that the pandemic is over. 1213 01:01:15,000 --> 01:01:18,640 Speaker 1: There's been quite a bit of pushback to that statement 1214 01:01:18,680 --> 01:01:21,360 Speaker 1: by the President. Where is he today on that? So 1215 01:01:22,200 --> 01:01:24,200 Speaker 1: just to step back for a second, what we saw 1216 01:01:24,280 --> 01:01:28,040 Speaker 1: during that interview, sixty minute interview when he made those comments, 1217 01:01:28,120 --> 01:01:32,720 Speaker 1: he was walking through the Detroit Car Show, the halls 1218 01:01:32,720 --> 01:01:35,120 Speaker 1: of the Detroit Car Show, and he was looking around. 1219 01:01:35,160 --> 01:01:37,320 Speaker 1: We have to remember the last time that they had 1220 01:01:37,360 --> 01:01:40,480 Speaker 1: held that event was three years ago. Even as we're 1221 01:01:40,480 --> 01:01:43,080 Speaker 1: talking about anga, the President's going to speak shortly, as 1222 01:01:43,120 --> 01:01:46,680 Speaker 1: I just mentioned, that hasn't been held in person for 1223 01:01:46,720 --> 01:01:49,200 Speaker 1: about three years as well, So we are in a 1224 01:01:49,400 --> 01:01:52,600 Speaker 1: different time. He's been very consistent about that, and the 1225 01:01:52,680 --> 01:01:55,360 Speaker 1: reason why is because we are now prepared, We are 1226 01:01:55,440 --> 01:01:59,200 Speaker 1: now ready, We know how to deal with this pandemic 1227 01:01:59,360 --> 01:02:03,240 Speaker 1: is now more manageable. It's not as disruptive as it's 1228 01:02:03,320 --> 01:02:07,840 Speaker 1: been in the prior in the prior years, so personally 1229 01:02:07,960 --> 01:02:12,520 Speaker 1: pushing back. Personally, my only issue with her response there 1230 01:02:12,680 --> 01:02:15,280 Speaker 1: is number one, don't say unga. Yeah, you're talking about 1231 01:02:15,320 --> 01:02:17,760 Speaker 1: the UN General Assembly, Like literally no one knows your 1232 01:02:18,560 --> 01:02:20,440 Speaker 1: number one, don't say unga. Also it's just like a 1233 01:02:20,560 --> 01:02:22,480 Speaker 1: I don't know at all. It's a very inside washing. 1234 01:02:22,600 --> 01:02:24,800 Speaker 1: I was telling inside washing, and I was like, that's 1235 01:02:24,840 --> 01:02:27,960 Speaker 1: one of my most hated things when people in dc A. 1236 01:02:29,040 --> 01:02:30,840 Speaker 1: It's like me when I'm like the Center for a 1237 01:02:30,840 --> 01:02:33,960 Speaker 1: Financial you know, I'm like, we call it scipious. That's 1238 01:02:34,080 --> 01:02:35,360 Speaker 1: you know, it's like and then I'll move on, but 1239 01:02:35,360 --> 01:02:39,000 Speaker 1: you'll just open with sipius. It's us anyway, Okay. So 1240 01:02:39,320 --> 01:02:42,040 Speaker 1: that but also like there's clearly very like defensive crouch 1241 01:02:42,080 --> 01:02:44,840 Speaker 1: here where I mean you should just be like, yeah, 1242 01:02:44,920 --> 01:02:47,200 Speaker 1: we're in about a place. So who can deny that 1243 01:02:47,240 --> 01:02:49,520 Speaker 1: pandemic is over? I think it speaks. I was listening 1244 01:02:49,520 --> 01:02:51,960 Speaker 1: to uh doctor of a name Prosad who we had 1245 01:02:51,960 --> 01:02:54,400 Speaker 1: on the show, and out to him, Yeah, who was 1246 01:02:54,440 --> 01:02:57,080 Speaker 1: on with briand and Joy Gray on bad Faith and 1247 01:02:57,360 --> 01:02:59,520 Speaker 1: I thought you made a really good point, which is that, 1248 01:03:00,160 --> 01:03:02,160 Speaker 1: you know, this has kind of been an issue for 1249 01:03:02,320 --> 01:03:08,040 Speaker 1: Democrats throughout COVID is they're overly responsible responsive to this 1250 01:03:08,160 --> 01:03:11,080 Speaker 1: group within their own base. Rather than trying to lead 1251 01:03:11,120 --> 01:03:15,640 Speaker 1: that group to a different, like less fearful response, they 1252 01:03:15,680 --> 01:03:18,360 Speaker 1: instead sort of like cater to them. And I think 1253 01:03:18,400 --> 01:03:20,400 Speaker 1: there's a little bit of that in the messaging here, 1254 01:03:20,440 --> 01:03:22,520 Speaker 1: where it's like, don't be defensive. What he said was fine, 1255 01:03:22,600 --> 01:03:24,120 Speaker 1: Like just own it and be good with it. I 1256 01:03:24,160 --> 01:03:26,320 Speaker 1: completely agree. Why is the White House contradicting him and 1257 01:03:26,440 --> 01:03:28,320 Speaker 1: be like, no, actually what he meant was but no, 1258 01:03:28,400 --> 01:03:30,720 Speaker 1: he meant the pandemic was over. This is just again 1259 01:03:30,760 --> 01:03:33,080 Speaker 1: it guess to the Taiwan thing. It's like, the president 1260 01:03:33,160 --> 01:03:36,080 Speaker 1: is the president, he was elected, not you. Why are 1261 01:03:36,080 --> 01:03:39,680 Speaker 1: you pushing back? You tell these MSNBC commentators just be like, yeah, 1262 01:03:39,680 --> 01:03:41,880 Speaker 1: that's what he said. That's exactly what he said, and 1263 01:03:42,000 --> 01:03:43,840 Speaker 1: you know what he was right, Like, why don't you 1264 01:03:43,920 --> 01:03:46,960 Speaker 1: just your job is to defend. You're not wearing a 1265 01:03:46,960 --> 01:03:49,000 Speaker 1: mask right now, Yeah, you're not wearing a rest Mike 1266 01:03:49,120 --> 01:03:52,280 Speaker 1: article Arnicle. Mike article's old as hell. By the way, 1267 01:03:52,400 --> 01:03:55,240 Speaker 1: I didn't see her really as contradicting him. She just 1268 01:03:55,240 --> 01:03:58,200 Speaker 1: didn't state it as sustinctly because he also. Part of 1269 01:03:58,240 --> 01:04:00,880 Speaker 1: why it feels like a contradiction from her, like she's 1270 01:04:00,960 --> 01:04:04,240 Speaker 1: undermining him, is because everybody who seized on these comments 1271 01:04:04,280 --> 01:04:06,439 Speaker 1: didn't include the other portion where he's like, we still 1272 01:04:06,440 --> 01:04:08,280 Speaker 1: have a problem with COVID, We're still doing a lot 1273 01:04:08,280 --> 01:04:10,000 Speaker 1: of work on it, but the pandemic is over. If 1274 01:04:10,040 --> 01:04:12,160 Speaker 1: you noticed, no one's wearing masks, so they didn't include 1275 01:04:12,200 --> 01:04:14,360 Speaker 1: that other piece of him being like, obviously, guys, it's 1276 01:04:14,400 --> 01:04:17,600 Speaker 1: still here. So to me hearing her cleanup comments, it 1277 01:04:17,720 --> 01:04:20,400 Speaker 1: wasn't really a contradiction. It just felt to me a 1278 01:04:20,440 --> 01:04:22,840 Speaker 1: little bit too defensive. And then just to show you 1279 01:04:22,880 --> 01:04:24,880 Speaker 1: of sort of where the energy of this comes up, 1280 01:04:25,880 --> 01:04:28,920 Speaker 1: Biden had to speak to it a DNC fundraiser, go 1281 01:04:29,000 --> 01:04:31,200 Speaker 1: and put this up on the screen from the Hill. 1282 01:04:31,480 --> 01:04:35,840 Speaker 1: Biden clarifies COVID comments the pandemic is quote basically not 1283 01:04:36,160 --> 01:04:38,320 Speaker 1: where it was. So clearly it was sort of like 1284 01:04:38,440 --> 01:04:41,440 Speaker 1: under pressure again from the donor class to explain, what 1285 01:04:41,480 --> 01:04:44,320 Speaker 1: do you mean when you said the pandemic is over again? 1286 01:04:44,600 --> 01:04:47,320 Speaker 1: I don't really see that being a contradiction from what 1287 01:04:47,440 --> 01:04:51,320 Speaker 1: he said earlier, because he had the caveats in there. 1288 01:04:51,400 --> 01:04:53,640 Speaker 1: But to me, it was noteworthy that, you know, the 1289 01:04:53,680 --> 01:04:55,800 Speaker 1: donor class. Clearly he had to sort of, you know, 1290 01:04:56,040 --> 01:04:58,960 Speaker 1: make amends to that. Until it doesn't help that the 1291 01:04:59,160 --> 01:05:01,200 Speaker 1: Keebler Alpha to put this up there on the screen, 1292 01:05:01,320 --> 01:05:03,480 Speaker 1: you know, Doctor Anthony Fauci says, quote, we are not 1293 01:05:03,680 --> 01:05:05,840 Speaker 1: where we need to be if we're going to quote 1294 01:05:05,880 --> 01:05:09,120 Speaker 1: live with the virus. Like what does that mean? Because 1295 01:05:09,120 --> 01:05:11,720 Speaker 1: people are all living with it right right now? So 1296 01:05:12,200 --> 01:05:15,200 Speaker 1: I genuinely don't what are you saying, Like, where are 1297 01:05:15,200 --> 01:05:17,720 Speaker 1: you coming from? What fake numbers are you making up 1298 01:05:17,960 --> 01:05:19,880 Speaker 1: at this point? You know, he says, even now, even now, 1299 01:05:19,960 --> 01:05:23,000 Speaker 1: more than sixty seven percent of our population is only vaccinated, 1300 01:05:23,000 --> 01:05:25,360 Speaker 1: only one half of those have a single boost. So 1301 01:05:25,360 --> 01:05:27,240 Speaker 1: it's like, what are you saying if the entire population 1302 01:05:27,360 --> 01:05:29,560 Speaker 1: was one hundred percent boosted, then we could move on 1303 01:05:29,600 --> 01:05:31,640 Speaker 1: because A that's not going to happen. B Is there 1304 01:05:31,640 --> 01:05:33,800 Speaker 1: any evidence to support that that's actually true? And it 1305 01:05:33,800 --> 01:05:36,840 Speaker 1: would actually quote unquote stop COVID because we don't have 1306 01:05:36,880 --> 01:05:38,360 Speaker 1: a hell of a lot. I mean, right now, that 1307 01:05:38,560 --> 01:05:40,640 Speaker 1: is just so insane. I just want to say, obviously, 1308 01:05:40,680 --> 01:05:43,120 Speaker 1: there are still, you know, people that are dying every 1309 01:05:43,200 --> 01:05:47,560 Speaker 1: day from COVID. They're overwhelmingly people who are either you know, 1310 01:05:47,640 --> 01:05:51,240 Speaker 1: really elderly, or a lot of them didn't decide to 1311 01:05:51,240 --> 01:05:54,560 Speaker 1: get vaccinated. And we can't lock down the whole population forever, 1312 01:05:54,840 --> 01:05:58,200 Speaker 1: right and be on this footing forever when you know, 1313 01:05:58,280 --> 01:06:00,720 Speaker 1: these are individuals that I'm not trying to like shame 1314 01:06:00,800 --> 01:06:02,480 Speaker 1: them or they mean to them or whatever, but they 1315 01:06:02,480 --> 01:06:04,760 Speaker 1: made their own personal choices about this and they decided 1316 01:06:04,760 --> 01:06:08,200 Speaker 1: to take on that risk. So anyway, this whole thing 1317 01:06:08,240 --> 01:06:10,760 Speaker 1: has been kind of frustrating to me because the thing 1318 01:06:10,800 --> 01:06:12,920 Speaker 1: that really irritated me about it was the freak out 1319 01:06:13,080 --> 01:06:15,680 Speaker 1: to start with, when I thought ultimately his comments were 1320 01:06:16,560 --> 01:06:20,120 Speaker 1: extremely reasonable and had all the necessary caveats. I mean, 1321 01:06:20,600 --> 01:06:25,480 Speaker 1: COVID is not like measles or polio, where we have 1322 01:06:25,800 --> 01:06:29,480 Speaker 1: an expectation that it can be totally eradicated. Right, It's 1323 01:06:29,520 --> 01:06:31,960 Speaker 1: a different beast. I wish it was. But we're going 1324 01:06:32,000 --> 01:06:33,560 Speaker 1: to have to deal with variance. We're gonna have to 1325 01:06:33,560 --> 01:06:35,760 Speaker 1: deal with, you know, I mean, trying to match up, 1326 01:06:35,760 --> 01:06:37,360 Speaker 1: and some are going to be worse than others. And 1327 01:06:37,440 --> 01:06:40,040 Speaker 1: that's just that's life. Now that we all have to 1328 01:06:40,400 --> 01:06:43,360 Speaker 1: deal with, and you know, most people, frankly are, so 1329 01:06:44,520 --> 01:06:46,920 Speaker 1: I think the president's comments just reflected that I agree 1330 01:06:46,920 --> 01:06:52,600 Speaker 1: with that, tiger. What are you looking at? Well, we 1331 01:06:52,640 --> 01:06:56,360 Speaker 1: all knew that this time would come, but it's still sad. Nonetheless, yesterday, 1332 01:06:56,440 --> 01:06:58,720 Speaker 1: for the first time in ninety nine days, the average 1333 01:06:58,720 --> 01:07:01,959 Speaker 1: price of gas did not go down. The previous ninety 1334 01:07:02,040 --> 01:07:04,840 Speaker 1: nine days were an important political lifeline for the Biden administration, 1335 01:07:05,160 --> 01:07:07,840 Speaker 1: lowering at least the severity of inflation at the pump 1336 01:07:08,000 --> 01:07:10,800 Speaker 1: and reducing the flashing sign every American has to drive 1337 01:07:10,840 --> 01:07:13,760 Speaker 1: past as a daily reminder of his failed policy. Now, 1338 01:07:13,840 --> 01:07:16,000 Speaker 1: it's not an exaggeration to say that a decline in 1339 01:07:16,040 --> 01:07:18,920 Speaker 1: gas prices is one of the reasons midterm elections are 1340 01:07:18,960 --> 01:07:21,720 Speaker 1: even close at all. So in an environment where we 1341 01:07:21,760 --> 01:07:25,160 Speaker 1: return to possibly five dollars gas, the entire landscape could 1342 01:07:25,200 --> 01:07:28,080 Speaker 1: be completely different. We have exactly forty eight days until 1343 01:07:28,120 --> 01:07:29,960 Speaker 1: the election, which you can either look at is just 1344 01:07:30,000 --> 01:07:33,600 Speaker 1: around the corner or political eternity with gas. I'm gonna 1345 01:07:33,640 --> 01:07:35,840 Speaker 1: choose the latter because of just how much it hits 1346 01:07:35,840 --> 01:07:39,280 Speaker 1: people's pocketbooks. So let's do a deep dive into gas 1347 01:07:39,280 --> 01:07:41,880 Speaker 1: and where it's going first, and foremost, why were gas 1348 01:07:41,880 --> 01:07:44,040 Speaker 1: prices down in the first place. It would be nice 1349 01:07:44,080 --> 01:07:46,360 Speaker 1: to say it was a result of competent policy by 1350 01:07:46,360 --> 01:07:48,880 Speaker 1: the White House and the West after Ukraine, but the 1351 01:07:48,880 --> 01:07:51,840 Speaker 1: sad truth is data from Triple A and other motor 1352 01:07:51,840 --> 01:07:54,800 Speaker 1: analysts say that after gas hit five dollars a gallon, 1353 01:07:54,960 --> 01:07:58,000 Speaker 1: people just stopped driving so much. Triple A found in 1354 01:07:58,080 --> 01:08:00,919 Speaker 1: July that drivers are quote almost two thirds of US 1355 01:08:00,920 --> 01:08:04,440 Speaker 1: adults change their driving habits or lifestyle since March, twenty 1356 01:08:04,480 --> 01:08:08,320 Speaker 1: three percent making quote major changes. Drivers top three changes 1357 01:08:08,320 --> 01:08:13,680 Speaker 1: to offset high gas are driving less, combining errands, reducing shopping, 1358 01:08:13,800 --> 01:08:16,240 Speaker 1: and dining out. That was always my fear with high 1359 01:08:16,280 --> 01:08:18,960 Speaker 1: gas prices. We wouldn't solve it through policy. The only 1360 01:08:19,000 --> 01:08:21,799 Speaker 1: way would is we make people live less comfortable lives. 1361 01:08:22,080 --> 01:08:24,760 Speaker 1: In fact, in the first week of September, demand for 1362 01:08:24,880 --> 01:08:28,280 Speaker 1: gas was seven percent lower than the first week of July. 1363 01:08:28,800 --> 01:08:32,439 Speaker 1: That is a stunning drop, even when you consider July 1364 01:08:32,600 --> 01:08:34,879 Speaker 1: is part of the major driving season in the United States. 1365 01:08:35,200 --> 01:08:38,360 Speaker 1: Further explanations on gas also come from demand, just not 1366 01:08:38,479 --> 01:08:41,479 Speaker 1: demand here in the US. The economic crisis in Europe 1367 01:08:41,479 --> 01:08:45,160 Speaker 1: has significantly reduced gas demand on the continent, and China's zero. 1368 01:08:45,200 --> 01:08:48,799 Speaker 1: COVID idiocy has helped too, because it literally forces people 1369 01:08:48,920 --> 01:08:52,320 Speaker 1: not to drive to their limited credit. The Biden administration 1370 01:08:52,400 --> 01:08:54,919 Speaker 1: has at least been releasing oil from the Strategic Petroleum 1371 01:08:54,960 --> 01:08:57,840 Speaker 1: Reserve over the last few months, which have helped further 1372 01:08:57,960 --> 01:09:00,519 Speaker 1: drop the price of oil. To date, they released one 1373 01:09:00,600 --> 01:09:02,840 Speaker 1: hundred and fifty five million barrels of oil from a 1374 01:09:02,840 --> 01:09:05,600 Speaker 1: set promise of one hundred and eighty million. They just 1375 01:09:05,640 --> 01:09:10,400 Speaker 1: announced a further sale of ten million barrels in November, 1376 01:09:10,479 --> 01:09:12,439 Speaker 1: and that's gonna help a little bit, but the number 1377 01:09:12,479 --> 01:09:14,519 Speaker 1: show they are nearing the end of their rope. And 1378 01:09:14,520 --> 01:09:16,120 Speaker 1: the reason I'm setting it up this way is because 1379 01:09:16,120 --> 01:09:19,360 Speaker 1: it's important to understand why prices were dropping in the 1380 01:09:19,400 --> 01:09:21,880 Speaker 1: last nine to nine days. It was a confluence of 1381 01:09:22,040 --> 01:09:25,960 Speaker 1: mega high gas driving down US demand, demand destruction in 1382 01:09:26,040 --> 01:09:28,760 Speaker 1: China and Europe for a variety of different reasons. It 1383 01:09:28,800 --> 01:09:31,600 Speaker 1: was bolstered similarly a little bit by US policy with 1384 01:09:31,640 --> 01:09:34,840 Speaker 1: the spr The problem with all those factors is this 1385 01:09:34,920 --> 01:09:37,479 Speaker 1: is probably the low point, and to borrow a phrase, 1386 01:09:37,680 --> 01:09:40,479 Speaker 1: the price is still too damn high. The national price 1387 01:09:40,520 --> 01:09:42,400 Speaker 1: of gas right now is three dollars and sixty eight 1388 01:09:42,400 --> 01:09:45,000 Speaker 1: cents a gallon for most of the Western United States, 1389 01:09:45,120 --> 01:09:47,160 Speaker 1: that price is above four dollars a gallon, and in 1390 01:09:47,160 --> 01:09:50,000 Speaker 1: California their gas is still in average of five to 1391 01:09:50,040 --> 01:09:53,240 Speaker 1: forty dollars. So to put that in context, that is 1392 01:09:53,280 --> 01:09:56,599 Speaker 1: still forty three percent higher than the average gas price 1393 01:09:56,680 --> 01:10:01,400 Speaker 1: in September twenty nineteen pre pandemic, almost sixty percent higher 1394 01:10:01,439 --> 01:10:04,040 Speaker 1: than gas in January of twenty twenty, the last month 1395 01:10:04,120 --> 01:10:06,840 Speaker 1: truly before the effects of COVID were fully known. Here, 1396 01:10:07,160 --> 01:10:09,840 Speaker 1: if this is the bottom, that's not good. It's not 1397 01:10:09,880 --> 01:10:12,240 Speaker 1: a victory. And with a slight uptick for the first 1398 01:10:12,240 --> 01:10:15,000 Speaker 1: time in ninety nine days, things can get real ugly. 1399 01:10:15,200 --> 01:10:17,840 Speaker 1: As we discussed earlier, Russia is showing no signs of 1400 01:10:17,880 --> 01:10:21,679 Speaker 1: backing down holding referendums. They're partially mobilizing three hundred thousand 1401 01:10:21,680 --> 01:10:24,320 Speaker 1: of their people, gearing up for what looks like a long, 1402 01:10:24,479 --> 01:10:27,519 Speaker 1: long conflict. The disruption to the global supply chain, the 1403 01:10:27,560 --> 01:10:31,559 Speaker 1: Europeans oil squeeze is going to continue Furthermore. While I 1404 01:10:31,560 --> 01:10:34,920 Speaker 1: supported using the SPR to stop the oil crisis, while 1405 01:10:34,920 --> 01:10:37,559 Speaker 1: we got our policy figured out, the problem is we 1406 01:10:37,600 --> 01:10:41,200 Speaker 1: didn't actually figure out any policy in the meantime. Right now, 1407 01:10:41,320 --> 01:10:44,160 Speaker 1: the SPR reserve is at the lowest level since nineteen 1408 01:10:44,200 --> 01:10:48,000 Speaker 1: eighty four. Again, wouldn't be a problem if foreign policy 1409 01:10:48,040 --> 01:10:50,800 Speaker 1: and other plans could have brought more oil online, but 1410 01:10:50,880 --> 01:10:53,600 Speaker 1: there appears to have been no structural changes made to 1411 01:10:53,640 --> 01:10:56,919 Speaker 1: global oil supply in the meantime, meaning we just depleted 1412 01:10:56,920 --> 01:10:59,160 Speaker 1: a ton of oil from the spr we can't really 1413 01:10:59,200 --> 01:11:01,439 Speaker 1: tap it in the future, and in fact, we'll probably 1414 01:11:01,479 --> 01:11:03,320 Speaker 1: have to buy more oil to fill it back up. 1415 01:11:03,600 --> 01:11:06,800 Speaker 1: On the foreign policy front, Biden had four months to 1416 01:11:06,920 --> 01:11:10,800 Speaker 1: secure some sort of agreement somewhere. What they landed on 1417 01:11:11,040 --> 01:11:13,639 Speaker 1: was the dumbest scheme of all time, number one, trying 1418 01:11:13,680 --> 01:11:16,160 Speaker 1: to cap the global price of Russian oil. Of course, 1419 01:11:16,240 --> 01:11:18,559 Speaker 1: that literally only works if you have total control over 1420 01:11:18,560 --> 01:11:21,600 Speaker 1: the global market. Immediately after announcing their genius plan, the 1421 01:11:21,680 --> 01:11:23,800 Speaker 1: Russians came out and said, Okay, we just won't sell 1422 01:11:23,840 --> 01:11:25,799 Speaker 1: it to anyone at that price cap, and the Indians 1423 01:11:25,800 --> 01:11:27,760 Speaker 1: of the Chinese are like, hey, we'll buy more at 1424 01:11:27,760 --> 01:11:30,080 Speaker 1: whatever price as long as you want. As long as 1425 01:11:30,120 --> 01:11:32,320 Speaker 1: that Russian price is lower than the global market price. 1426 01:11:32,760 --> 01:11:35,280 Speaker 1: They're making a killing. So outside of Russia, what did 1427 01:11:35,280 --> 01:11:38,160 Speaker 1: they do instead of securing some agreement with the Saudis, 1428 01:11:38,240 --> 01:11:41,400 Speaker 1: the Venezuelans or anyone else with oil. The majority of 1429 01:11:41,439 --> 01:11:45,000 Speaker 1: OPEC countries instead chose to actually cut back oil production 1430 01:11:45,200 --> 01:11:48,080 Speaker 1: two weeks ago. That cut was less about depleting supply, 1431 01:11:48,479 --> 01:11:51,479 Speaker 1: but about signaling to the global market OPAK they are 1432 01:11:51,560 --> 01:11:54,720 Speaker 1: love and high gas prices. Specifically, they will defend one 1433 01:11:54,840 --> 01:11:58,080 Speaker 1: hundred dollars a barrel, a price which is now floating 1434 01:11:58,360 --> 01:12:01,120 Speaker 1: much of these petro economies. It was described this way 1435 01:12:01,200 --> 01:12:03,920 Speaker 1: quote OPEK plus is demonstrating and is willing to shrug 1436 01:12:03,920 --> 01:12:06,280 Speaker 1: off the entities of the Biden administration, which has been 1437 01:12:06,280 --> 01:12:10,280 Speaker 1: lobbying Saudi Arabia, the UAE and other producers to increase 1438 01:12:10,360 --> 01:12:13,360 Speaker 1: output and help bring down the price of gasoline. So, 1439 01:12:13,400 --> 01:12:17,400 Speaker 1: in fact, Biden's slop job trip to Riot accomplished nothing. 1440 01:12:17,680 --> 01:12:21,400 Speaker 1: In fact, all indications currently say the Saudis are two 1441 01:12:21,439 --> 01:12:24,800 Speaker 1: timing us, both buying oil from Russia at a discount 1442 01:12:24,880 --> 01:12:28,160 Speaker 1: that they burned domestically, and then selling as much of 1443 01:12:28,200 --> 01:12:31,040 Speaker 1: their oil at high price to us. It's all a 1444 01:12:31,080 --> 01:12:33,160 Speaker 1: big game to them, except for the people here at 1445 01:12:33,160 --> 01:12:35,519 Speaker 1: home who are getting gouged. I don't really have a 1446 01:12:35,560 --> 01:12:37,800 Speaker 1: hopeful way to end this. The stoppage and decline of 1447 01:12:37,840 --> 01:12:41,160 Speaker 1: price indicates we have probably hit the floor. Now we're 1448 01:12:41,200 --> 01:12:44,240 Speaker 1: in for the fun times. Another single shock to send 1449 01:12:44,280 --> 01:12:46,679 Speaker 1: us right back up to five dollars a gallon. Maybe 1450 01:12:46,680 --> 01:12:50,360 Speaker 1: beyond hurricane could do it. More developments on the Russian front, 1451 01:12:50,560 --> 01:12:53,240 Speaker 1: maybe in China. The fact is the last three months 1452 01:12:53,320 --> 01:12:56,040 Speaker 1: it was more of a vacation away from reality and 1453 01:12:56,080 --> 01:12:58,920 Speaker 1: it seems to be coming back hard. And that's really 1454 01:12:59,000 --> 01:13:01,280 Speaker 1: what I took away from this. Well, I was like, 1455 01:13:01,560 --> 01:13:03,519 Speaker 1: you know me, why did it stop you a first time? 1456 01:13:03,560 --> 01:13:06,360 Speaker 1: And if you want to hear my reaction to Cyber's monologue, 1457 01:13:06,439 --> 01:13:12,719 Speaker 1: become a premium subscriber today at Breakingpoints dot com. Cristle, 1458 01:13:12,760 --> 01:13:14,439 Speaker 1: what do you take a look at? Well? Guys, there 1459 01:13:14,520 --> 01:13:18,040 Speaker 1: was huge news this week for Adnan Sayed, the now 1460 01:13:18,160 --> 01:13:20,839 Speaker 1: forty one year old man who was convicted of murdering 1461 01:13:20,840 --> 01:13:24,400 Speaker 1: his former girlfriend when he was just seventeen. Adnon's case 1462 01:13:24,439 --> 01:13:26,320 Speaker 1: and his life would have been just one more lost 1463 01:13:26,360 --> 01:13:29,240 Speaker 1: to a messy and often unjust criminal justice system were 1464 01:13:29,280 --> 01:13:33,320 Speaker 1: it not for Sarah Kanigg's smash podcast hit Cereal. Over 1465 01:13:33,360 --> 01:13:36,000 Speaker 1: the course of twelve episodes, Kane pulls apart the details 1466 01:13:36,040 --> 01:13:38,599 Speaker 1: of the case against Ednon, finding a ton of holes 1467 01:13:38,640 --> 01:13:42,040 Speaker 1: and inconsistencies and failures in the process, but in the end, 1468 01:13:42,320 --> 01:13:44,960 Speaker 1: Kanag is no closer to unraveling the mystery of who 1469 01:13:45,080 --> 01:13:48,240 Speaker 1: murdered Hayman Lee than when she started. She did, however, 1470 01:13:48,320 --> 01:13:51,519 Speaker 1: successfully launch a true crime podcast, Frenzie, which continues to 1471 01:13:51,600 --> 01:13:55,080 Speaker 1: this day. So here is the big update. After serving 1472 01:13:55,160 --> 01:14:00,280 Speaker 1: twenty three years in prison, Adnon is free. Specifically, Timore 1473 01:14:00,360 --> 01:14:03,800 Speaker 1: judge vacated his murder sentence because they found that information 1474 01:14:03,920 --> 01:14:07,679 Speaker 1: about two other possible suspects was kept from the defense 1475 01:14:07,840 --> 01:14:11,000 Speaker 1: in the original trial. One or both of those suspects 1476 01:14:11,000 --> 01:14:13,800 Speaker 1: had a criminal record that involved violence against women, one 1477 01:14:13,840 --> 01:14:16,040 Speaker 1: of them had a family connection to the area where 1478 01:14:16,040 --> 01:14:19,160 Speaker 1: Hayes's car was ultimately found, and one had a legendly 1479 01:14:19,240 --> 01:14:22,120 Speaker 1: threatened hay and had a motive to kill her. Now 1480 01:14:22,160 --> 01:14:24,519 Speaker 1: we don't know who those alternative suspects are, but there 1481 01:14:24,560 --> 01:14:27,960 Speaker 1: is some speculation one could be Ronald Lee Moore. Moore 1482 01:14:28,040 --> 01:14:30,200 Speaker 1: is brought up in the final episode of Cereal as 1483 01:14:30,200 --> 01:14:33,200 Speaker 1: a potential alternative suspect. That was due to the fact 1484 01:14:33,200 --> 01:14:34,760 Speaker 1: that he was out of prison at the time of 1485 01:14:34,800 --> 01:14:37,720 Speaker 1: hayes murder and that he had committed similar crimes in 1486 01:14:37,800 --> 01:14:41,080 Speaker 1: that area of Baltimore. Now caanang herself is not saying 1487 01:14:41,080 --> 01:14:43,120 Speaker 1: who the alternative suspects are, but she does say she 1488 01:14:43,200 --> 01:14:45,799 Speaker 1: knew of them while she was recording the podcast series. 1489 01:14:46,360 --> 01:14:49,439 Speaker 1: So basically, the bombshell that led to this conviction being 1490 01:14:49,479 --> 01:14:52,639 Speaker 1: vacated was that the state hid the ball, legally hiding 1491 01:14:52,680 --> 01:14:55,479 Speaker 1: information from the defense that could have helped Adnon get 1492 01:14:55,520 --> 01:14:59,360 Speaker 1: off in his original trial. Supporting underscore, none of this 1493 01:14:59,479 --> 01:15:01,559 Speaker 1: means that he it was actually innocent or was found 1494 01:15:01,600 --> 01:15:04,240 Speaker 1: to be innocent. In fact, prosecutors have thirty days to 1495 01:15:04,280 --> 01:15:07,280 Speaker 1: decide whether to try this case again, although it appears 1496 01:15:07,400 --> 01:15:09,760 Speaker 1: unlikely at this moment that they will actually do so. 1497 01:15:10,080 --> 01:15:12,800 Speaker 1: That being said, DNA evidence is still being analyzed using 1498 01:15:12,800 --> 01:15:15,640 Speaker 1: techniques that weren't available when the murder first happened, so 1499 01:15:16,000 --> 01:15:19,280 Speaker 1: I suppose there could always be another plot twist here now. 1500 01:15:19,280 --> 01:15:21,479 Speaker 1: As far as what I think goes, I was a 1501 01:15:21,479 --> 01:15:24,320 Speaker 1: big Serial listener back in twenty fourteen. I'm pretty sure 1502 01:15:24,360 --> 01:15:27,160 Speaker 1: it was literally the first podcast that I ever listened to, 1503 01:15:27,640 --> 01:15:29,760 Speaker 1: and while I was listening, I was always looking for 1504 01:15:29,840 --> 01:15:31,920 Speaker 1: ways to give Adnan the benefit of the doubt. I 1505 01:15:31,920 --> 01:15:34,280 Speaker 1: know it sounds simplistic, but he just didn't feel like 1506 01:15:34,320 --> 01:15:36,519 Speaker 1: a killer. And I suppose it says something about my 1507 01:15:36,520 --> 01:15:39,160 Speaker 1: own views of human nature, being the overly trusting, often 1508 01:15:39,200 --> 01:15:41,720 Speaker 1: to the point of me naivete person that I am. 1509 01:15:42,120 --> 01:15:43,680 Speaker 1: So when I first heard the news and saw the 1510 01:15:43,720 --> 01:15:47,439 Speaker 1: information about the alternative suspects, my initial instinct was satisfaction that, 1511 01:15:47,600 --> 01:15:50,439 Speaker 1: even though this wasn't exactly what the judge ruled, ad 1512 01:15:50,479 --> 01:15:53,280 Speaker 1: Non must have been innocent. After all, I thought about 1513 01:15:53,280 --> 01:15:56,519 Speaker 1: the unbelievable cruelty and living hallow spend decades in prison 1514 01:15:56,520 --> 01:15:59,720 Speaker 1: for a crime you did not commit. But I went 1515 01:15:59,760 --> 01:16:02,080 Speaker 1: back and I re listened to the key episodes from 1516 01:16:02,080 --> 01:16:04,960 Speaker 1: the original podcast. I kind of found myself right back 1517 01:16:04,960 --> 01:16:07,400 Speaker 1: at square one, especially with regards to the state's key 1518 01:16:07,439 --> 01:16:10,800 Speaker 1: witness and a star player in the podcast, Adnon's friend Jay. 1519 01:16:11,360 --> 01:16:13,640 Speaker 1: As a little bit of refresher here, Jay is with 1520 01:16:13,760 --> 01:16:15,800 Speaker 1: ad Noon for key stretches of the day when hay 1521 01:16:15,880 --> 01:16:19,439 Speaker 1: is murdered. It's Jay who ultimately fingers Adon as the killer, 1522 01:16:19,760 --> 01:16:22,280 Speaker 1: saying that Adnon told him he was going to do it, 1523 01:16:22,520 --> 01:16:25,840 Speaker 1: that Adnon showed Jay Hayes's dead body in the trunk 1524 01:16:25,880 --> 01:16:28,639 Speaker 1: of Hayes's own car, and that Jay then even helped 1525 01:16:28,680 --> 01:16:31,880 Speaker 1: ad Non dispose of the body at the time, the 1526 01:16:31,880 --> 01:16:34,479 Speaker 1: state used cell phone data to corroborate key portions of 1527 01:16:34,520 --> 01:16:37,439 Speaker 1: Jay's story, but since the original trial, that type of 1528 01:16:37,520 --> 01:16:40,040 Speaker 1: data was found to be much more problematic and inaccurate 1529 01:16:40,080 --> 01:16:42,920 Speaker 1: than originally thought. Still, though, while a lot of the 1530 01:16:42,920 --> 01:16:45,080 Speaker 1: cell phone data was kind of a mess and conflicted 1531 01:16:45,120 --> 01:16:47,519 Speaker 1: with both Jay and add On story, there were key 1532 01:16:47,600 --> 01:16:50,519 Speaker 1: parts of that record that backed up Jay's telling of events. 1533 01:16:51,000 --> 01:16:53,920 Speaker 1: Based on what we know of the new alternative suspects, 1534 01:16:54,120 --> 01:16:58,280 Speaker 1: neither of them appears to be Jay. Bottom line, new 1535 01:16:58,320 --> 01:17:01,400 Speaker 1: alternate suspects don't explain a way the fact that Adnon's 1536 01:17:01,400 --> 01:17:04,760 Speaker 1: friend Jay knew where Hayes car was located. So is 1537 01:17:04,800 --> 01:17:08,679 Speaker 1: ad Non innocent? It is still really not clear at all. 1538 01:17:08,880 --> 01:17:11,320 Speaker 1: What is clear is he never should have been convicted. 1539 01:17:11,479 --> 01:17:13,559 Speaker 1: There was more than enough evidence at the time of 1540 01:17:13,640 --> 01:17:16,840 Speaker 1: his trial to create reasonable doubt. That, of course, is 1541 01:17:16,880 --> 01:17:19,880 Speaker 1: the standard, and it is a true disgrace that he 1542 01:17:19,960 --> 01:17:21,880 Speaker 1: was sent to prison based on a story that to 1543 01:17:22,040 --> 01:17:25,400 Speaker 1: this day has a million holes and a million inconsistencies, 1544 01:17:25,800 --> 01:17:29,080 Speaker 1: solely based on the testimony of Jay, someone who admitted 1545 01:17:29,240 --> 01:17:33,040 Speaker 1: to being a liar. As Canan herself put it quote yesterday, 1546 01:17:33,080 --> 01:17:34,880 Speaker 1: there was a lot of talk about fairness. But most 1547 01:17:34,880 --> 01:17:36,839 Speaker 1: of what the state put in that motion to vacate 1548 01:17:37,040 --> 01:17:40,280 Speaker 1: all the actual evidence was either known or knowable to 1549 01:17:40,320 --> 01:17:43,800 Speaker 1: cops and prosecutors back in nineteen ninety nine. So even 1550 01:17:43,840 --> 01:17:46,879 Speaker 1: on a day when the government publicly recognizes its own mistakes, 1551 01:17:46,880 --> 01:17:49,320 Speaker 1: it's hard to feel cheered about a triumph of fairness, 1552 01:17:49,360 --> 01:17:51,280 Speaker 1: because we've built a system that takes more than twenty 1553 01:17:51,360 --> 01:17:54,320 Speaker 1: years to self correct, and that's just this one case. 1554 01:17:54,800 --> 01:17:57,880 Speaker 1: What's more, let's be honest, if Adnan hadn't been made 1555 01:17:57,880 --> 01:18:00,640 Speaker 1: into a celebrity, he would almost certainly still be in 1556 01:18:00,680 --> 01:18:04,160 Speaker 1: prison today. This case was extraordinary for the national obsession 1557 01:18:04,200 --> 01:18:07,200 Speaker 1: over it, but in another way, it actually was entirely ordinary. 1558 01:18:07,400 --> 01:18:10,080 Speaker 1: Whether Adnan is innocent or guilty, it is quite clear 1559 01:18:10,080 --> 01:18:13,840 Speaker 1: his conviction was secured through an unjust rigged process, and 1560 01:18:13,920 --> 01:18:17,240 Speaker 1: in that he is far from alone. Between nineteen eighty 1561 01:18:17,280 --> 01:18:19,400 Speaker 1: nine and twenty nineteen, there were at least twenty four 1562 01:18:19,479 --> 01:18:23,559 Speaker 1: hundred exonerations. Forty four percent of those exonerations were due 1563 01:18:23,600 --> 01:18:27,799 Speaker 1: to the exact same reason that Adnon himself was ultimately released, 1564 01:18:27,920 --> 01:18:32,879 Speaker 1: and that was prosecutors failed to turn over potentially exculpatory evidence. 1565 01:18:33,240 --> 01:18:36,160 Speaker 1: Untold numbers of these cases of injustice go unnoticed, No 1566 01:18:36,280 --> 01:18:39,240 Speaker 1: Hit podcast and draw attention to the rampant misconduct of 1567 01:18:39,280 --> 01:18:43,000 Speaker 1: police and a prosecutors. Then Aison's project. They do incredible 1568 01:18:43,000 --> 01:18:45,519 Speaker 1: work trying to write as many of these wrongs as possible, 1569 01:18:45,520 --> 01:18:47,559 Speaker 1: and I really recommend you support them if you are 1570 01:18:47,600 --> 01:18:50,639 Speaker 1: able to. In the meantime, I guess this case kind 1571 01:18:50,640 --> 01:18:53,320 Speaker 1: of ends where it began, with messiness, a whole lot 1572 01:18:53,360 --> 01:18:56,519 Speaker 1: of doubt, and a still grieving family that really doesn't 1573 01:18:56,560 --> 01:18:58,639 Speaker 1: care what new theories Reddit is able to come up with. 1574 01:18:58,960 --> 01:19:01,439 Speaker 1: They just want their little girl back. We may never 1575 01:19:01,600 --> 01:19:04,400 Speaker 1: know who really killed Hayman Lee, but we know for 1576 01:19:04,560 --> 01:19:08,559 Speaker 1: absolute certain that everyone from victims to the accused, deserve 1577 01:19:08,600 --> 01:19:11,160 Speaker 1: a hell of a lot better from our justice system. 1578 01:19:11,840 --> 01:19:14,639 Speaker 1: So that's where I came to Sagar, I my first instinct, 1579 01:19:14,960 --> 01:19:17,719 Speaker 1: and if you want to hear my reaction to Crystal's monologue, 1580 01:19:17,720 --> 01:19:23,800 Speaker 1: become a premium subscriber today at Breakingpoints dot Com. Joining 1581 01:19:23,840 --> 01:19:26,000 Speaker 1: us now is Vince Keilas. As I just said, he 1582 01:19:26,080 --> 01:19:28,880 Speaker 1: is the lead worker organizer at that effort to unionize 1583 01:19:28,920 --> 01:19:31,960 Speaker 1: a home depot outside of Philly. Great to see events, Hey, 1584 01:19:31,960 --> 01:19:34,720 Speaker 1: good to see events. Thank you guys so much, for 1585 01:19:34,760 --> 01:19:37,439 Speaker 1: having me. I really appreciate your guys coverage. Yeah, of 1586 01:19:37,439 --> 01:19:39,760 Speaker 1: course absolutely, We're grateful to have you here today. I 1587 01:19:39,760 --> 01:19:43,599 Speaker 1: know you must be very busy more perfect union. Uh 1588 01:19:43,640 --> 01:19:45,400 Speaker 1: are on our friend Jonah Furman over there. I had 1589 01:19:45,400 --> 01:19:47,040 Speaker 1: a good write up of your effort. Let's gohead and 1590 01:19:47,040 --> 01:19:49,519 Speaker 1: put this up on the screen. They say new inside 1591 01:19:49,520 --> 01:19:52,360 Speaker 1: the historic union drive at home Depot. Over one hundred 1592 01:19:52,360 --> 01:19:55,040 Speaker 1: workers at the Philly store signed on in five weeks. 1593 01:19:55,439 --> 01:19:59,240 Speaker 1: Managers were immediately flown in to hold captive audience meetings. 1594 01:19:59,240 --> 01:20:01,280 Speaker 1: And here's a quote for you. You You say that it 1595 01:20:01,439 --> 01:20:04,080 Speaker 1: is backfiring. Another quote you had in this piece that 1596 01:20:04,120 --> 01:20:06,519 Speaker 1: I love, Vince, was you said, listen, if Chris Small's 1597 01:20:06,600 --> 01:20:09,439 Speaker 1: could do that at a warehouse of over eight thousand people, 1598 01:20:09,800 --> 01:20:12,759 Speaker 1: we can do it in our store of three hundred. 1599 01:20:13,360 --> 01:20:15,280 Speaker 1: So Vince, just tell us a little bit about what 1600 01:20:15,360 --> 01:20:17,479 Speaker 1: gave you the idea and how the effort is going 1601 01:20:17,520 --> 01:20:21,800 Speaker 1: so far. I mean, that's it's kind of a multifaceted thing. 1602 01:20:22,240 --> 01:20:23,760 Speaker 1: I also have to give a huge shout out to 1603 01:20:23,760 --> 01:20:26,960 Speaker 1: you guys. You know a lot of like the covers 1604 01:20:27,000 --> 01:20:29,479 Speaker 1: that you guys gave and honestly too, just you guys 1605 01:20:29,560 --> 01:20:32,360 Speaker 1: making to move to breaking points to being independent and 1606 01:20:32,680 --> 01:20:35,120 Speaker 1: you know, challenging yourselves to step out into a new 1607 01:20:35,120 --> 01:20:38,320 Speaker 1: field to do something different was extremely inspiring, you know, 1608 01:20:38,400 --> 01:20:41,400 Speaker 1: and taking that in conjunction, which is some of the 1609 01:20:41,400 --> 01:20:44,160 Speaker 1: circumstances in the store, we felt that this was the 1610 01:20:44,160 --> 01:20:46,240 Speaker 1: best move for us. You know, we I tried having 1611 01:20:46,280 --> 01:20:48,880 Speaker 1: conversations over the last like month and a half with 1612 01:20:48,920 --> 01:20:51,280 Speaker 1: people in various you know, parts of home depot, trying 1613 01:20:51,280 --> 01:20:53,360 Speaker 1: to let them know the concerns of the store, and 1614 01:20:53,400 --> 01:20:55,000 Speaker 1: it just felt like, honestly, we were getting a lot 1615 01:20:55,040 --> 01:20:56,760 Speaker 1: of spin. We weren't really getting the answers that we 1616 01:20:56,760 --> 01:20:59,400 Speaker 1: were looking for, and so you know, kind of just 1617 01:20:59,439 --> 01:21:01,960 Speaker 1: taking a time you're in the store, we felt like, hey, 1618 01:21:02,000 --> 01:21:03,519 Speaker 1: this is this is going to be the best move 1619 01:21:03,600 --> 01:21:06,200 Speaker 1: for us, and myself and some other individuals within the 1620 01:21:06,240 --> 01:21:08,360 Speaker 1: store felt that, you know what, we have the courage 1621 01:21:08,360 --> 01:21:09,840 Speaker 1: and we have the capacity to be able to get 1622 01:21:09,840 --> 01:21:12,280 Speaker 1: this done. That's so incredible to hear. Vince, you know 1623 01:21:12,680 --> 01:21:14,040 Speaker 1: very much to us in terms of the impact of 1624 01:21:14,080 --> 01:21:17,160 Speaker 1: our work, but important let's focus on you and your store. 1625 01:21:17,320 --> 01:21:19,240 Speaker 1: Talk to us like, why is this a step that 1626 01:21:19,320 --> 01:21:22,360 Speaker 1: you're considering making. What are you guys looking for? Like 1627 01:21:22,600 --> 01:21:25,720 Speaker 1: what can make your lives better at your workplace. So 1628 01:21:25,840 --> 01:21:28,280 Speaker 1: I mean we're we're kind of focused in on, you know, 1629 01:21:28,400 --> 01:21:32,719 Speaker 1: various things like like wages, staffing in the store, proper training, 1630 01:21:32,880 --> 01:21:35,679 Speaker 1: and overall just wanting a say in how things operate 1631 01:21:35,720 --> 01:21:38,080 Speaker 1: in our store. You know, Home Depot has a tendency 1632 01:21:38,080 --> 01:21:40,880 Speaker 1: to kind of make blanket decisions that go across all stores. 1633 01:21:40,880 --> 01:21:43,080 Speaker 1: And look, we're one hundred and ten million dollars year store. 1634 01:21:43,360 --> 01:21:45,400 Speaker 1: We have very high volume. It's not going to work 1635 01:21:45,400 --> 01:21:47,040 Speaker 1: out the same that it does in a thirty million 1636 01:21:47,080 --> 01:21:50,000 Speaker 1: dollars year store, you know, and we just felt decisions 1637 01:21:50,040 --> 01:21:52,599 Speaker 1: that were being made, you know, things that were being 1638 01:21:52,600 --> 01:21:54,640 Speaker 1: told to us were just not true. You know. Some 1639 01:21:54,720 --> 01:21:56,080 Speaker 1: of the I guess some of the things that I 1640 01:21:56,120 --> 01:21:58,240 Speaker 1: was able to kind of pool people's attention with was 1641 01:21:58,280 --> 01:22:00,679 Speaker 1: to just speak on you know, some of the value 1642 01:22:00,720 --> 01:22:03,280 Speaker 1: that store in particular was generating. You know, over over 1643 01:22:03,360 --> 01:22:05,160 Speaker 1: twenty twenty and twenty twenty one, throughout the course of 1644 01:22:05,200 --> 01:22:08,599 Speaker 1: the pandemic, that store made fifty eight million dollars in profit, 1645 01:22:09,200 --> 01:22:12,599 Speaker 1: but only I don't know an exact estimate, but about 1646 01:22:12,640 --> 01:22:15,400 Speaker 1: like two million dollars was actually invested into the people 1647 01:22:15,400 --> 01:22:17,280 Speaker 1: that work in the store, you know, and it's it's 1648 01:22:17,360 --> 01:22:19,960 Speaker 1: just to see those large levels of disparity, Like I 1649 01:22:20,040 --> 01:22:22,640 Speaker 1: was just dumbfounded, you know, particularly when you would look 1650 01:22:22,680 --> 01:22:25,400 Speaker 1: at conversations where we would tell people like, hey, we're 1651 01:22:25,439 --> 01:22:27,800 Speaker 1: being overworked. You know, we've got a lot going on. 1652 01:22:27,880 --> 01:22:29,800 Speaker 1: People are freaking out in us because they're not getting 1653 01:22:29,880 --> 01:22:32,400 Speaker 1: enough help. We're getting thrown all across the store. We're 1654 01:22:32,439 --> 01:22:34,240 Speaker 1: being asked to do all of these additional tasks. And 1655 01:22:34,280 --> 01:22:36,439 Speaker 1: then when it comes time to you know, be paid 1656 01:22:36,479 --> 01:22:38,519 Speaker 1: in order to in order to you know, say thank 1657 01:22:38,560 --> 01:22:41,120 Speaker 1: you for the work that we're putting in, it was all, well, 1658 01:22:41,120 --> 01:22:43,320 Speaker 1: the company can't afford it. The investments that they've made 1659 01:22:43,320 --> 01:22:45,920 Speaker 1: in compensation over the last couple of years, you know, 1660 01:22:46,040 --> 01:22:48,160 Speaker 1: has has kind of expended them a bit. And it's like, well, 1661 01:22:48,200 --> 01:22:50,479 Speaker 1: you guys had fifteen billion dollars to spend block five 1662 01:22:50,520 --> 01:22:53,000 Speaker 1: bags last year. Maybe spend a little bit less your 1663 01:22:53,040 --> 01:22:54,600 Speaker 1: stocks and spent a little bit more on us. You know, 1664 01:22:54,640 --> 01:22:55,880 Speaker 1: at the end of the day, you wouldn't have that 1665 01:22:55,920 --> 01:22:58,439 Speaker 1: money on the work that we're doing. I think that 1666 01:22:58,520 --> 01:23:01,080 Speaker 1: is an excellent point that I believe will resonate with 1667 01:23:01,120 --> 01:23:04,400 Speaker 1: our audience. It also strikes me. I mean, part of 1668 01:23:04,400 --> 01:23:07,200 Speaker 1: why this is significant is, first of all, Home Depot 1669 01:23:07,240 --> 01:23:09,400 Speaker 1: is a company that did extraordinarily well during the pandemic. 1670 01:23:09,479 --> 01:23:12,000 Speaker 1: People were stuck at home, they decided to invest in 1671 01:23:12,000 --> 01:23:14,040 Speaker 1: their space and making their space better and all kinds 1672 01:23:14,040 --> 01:23:16,559 Speaker 1: of DIY projects and making sour dough bread and whatever 1673 01:23:16,720 --> 01:23:18,880 Speaker 1: like that was all happening during the pandemic. So I'm 1674 01:23:18,880 --> 01:23:21,680 Speaker 1: sure you all were completely swamped. I know they were 1675 01:23:21,720 --> 01:23:25,120 Speaker 1: making huge profits, so the opportunity to be able to 1676 01:23:25,560 --> 01:23:27,759 Speaker 1: reward the workers who help them to make those profits 1677 01:23:27,800 --> 01:23:31,760 Speaker 1: is certainly available to them. Is that big picture? Are 1678 01:23:31,800 --> 01:23:35,599 Speaker 1: you hearing that from your co workers? Like that big picture? 1679 01:23:35,680 --> 01:23:38,200 Speaker 1: Is that a concern for them? Do you think that 1680 01:23:38,360 --> 01:23:40,920 Speaker 1: the impact of the pandemic and the way they were treated, 1681 01:23:40,960 --> 01:23:42,559 Speaker 1: do you think that was kind of an eye opening 1682 01:23:42,600 --> 01:23:45,559 Speaker 1: experience because that seems to be a similar thread throughout 1683 01:23:45,600 --> 01:23:47,760 Speaker 1: a lot of these efforts and even through a lot 1684 01:23:47,840 --> 01:23:50,160 Speaker 1: of the things we're seeing throughout the workforce, including you know, 1685 01:23:50,200 --> 01:23:52,519 Speaker 1: white collar service sector and blue collar workers. Is it 1686 01:23:52,680 --> 01:23:57,360 Speaker 1: just changed the way they were thinking about their job. Yeah? Absolutely, 1687 01:23:57,400 --> 01:23:59,160 Speaker 1: I mean I think one of my coworkers said it 1688 01:23:59,200 --> 01:24:01,560 Speaker 1: perfectly went on when our district hr person came for 1689 01:24:01,640 --> 01:24:03,720 Speaker 1: the store to see us, and she said, honestly, we 1690 01:24:03,720 --> 01:24:06,320 Speaker 1: felt abandoned. You know, they didn't come into the store 1691 01:24:06,439 --> 01:24:08,960 Speaker 1: for about a year and an interesting tidbit for us, 1692 01:24:08,960 --> 01:24:11,960 Speaker 1: and I'm sure it can probably resonated other stores district. 1693 01:24:11,960 --> 01:24:14,519 Speaker 1: Didn't walk in for about a year, and when we 1694 01:24:14,560 --> 01:24:16,559 Speaker 1: had our first walk when they came back, we got 1695 01:24:16,600 --> 01:24:19,679 Speaker 1: ripped the shreds we got you know, criticis on everything 1696 01:24:19,680 --> 01:24:21,680 Speaker 1: that was wrong with the store, and it's like, you know, 1697 01:24:21,840 --> 01:24:23,680 Speaker 1: is this is this what you guys really think? Like 1698 01:24:23,760 --> 01:24:26,639 Speaker 1: you like, people were getting threatened. People were like there's 1699 01:24:26,640 --> 01:24:28,559 Speaker 1: a guy that got beat up and carjacked out in 1700 01:24:28,560 --> 01:24:30,519 Speaker 1: the parking lot, Like you know, somebody had to go 1701 01:24:30,600 --> 01:24:32,840 Speaker 1: get checking the mental hospital for working at thirty two 1702 01:24:32,840 --> 01:24:36,040 Speaker 1: hour shift straight, Like there there are some serious issues 1703 01:24:36,040 --> 01:24:38,240 Speaker 1: and some serious concerns that are happening in this building. 1704 01:24:38,280 --> 01:24:40,400 Speaker 1: And again, like I tried my best to be fair. 1705 01:24:40,439 --> 01:24:42,720 Speaker 1: You know, I'm I'm not somebody when I'm trying to 1706 01:24:42,760 --> 01:24:44,719 Speaker 1: get something done. I don't want to be like super combative. 1707 01:24:44,760 --> 01:24:46,439 Speaker 1: I don't want to, you know, try and come at 1708 01:24:46,640 --> 01:24:48,439 Speaker 1: those personal character. But I tried to give them the 1709 01:24:48,439 --> 01:24:51,479 Speaker 1: opportunity to say, like Hey, like, we know the numbers, 1710 01:24:51,520 --> 01:24:53,360 Speaker 1: we know how you guys are doing, and we're just 1711 01:24:53,439 --> 01:24:55,559 Speaker 1: not seeing the effort right you know. One of the 1712 01:24:55,600 --> 01:24:57,240 Speaker 1: things that they're trying to kind of do right now 1713 01:24:57,280 --> 01:24:59,120 Speaker 1: in the statements that they're making is oh, well, you know, 1714 01:24:59,160 --> 01:25:01,400 Speaker 1: I'm uninformed. It comes to the idea of the union 1715 01:25:01,439 --> 01:25:02,720 Speaker 1: and what it is that they can get done. But 1716 01:25:03,160 --> 01:25:05,200 Speaker 1: if you guys were to walk into my store right now, 1717 01:25:05,560 --> 01:25:08,559 Speaker 1: they've literally doubled their triple the payroll with all of 1718 01:25:08,600 --> 01:25:10,439 Speaker 1: the salaried managers in there, with all the help that 1719 01:25:10,439 --> 01:25:12,200 Speaker 1: they're getting in. So it's like, you guys can go 1720 01:25:12,240 --> 01:25:14,080 Speaker 1: and you can invest all of this, you know, to 1721 01:25:14,160 --> 01:25:16,559 Speaker 1: prevent a union, But you can't, you know, invest this, 1722 01:25:16,720 --> 01:25:18,960 Speaker 1: you know, in a proactive manner to take care of 1723 01:25:19,000 --> 01:25:20,760 Speaker 1: the people that took care of you, right because you 1724 01:25:20,800 --> 01:25:22,439 Speaker 1: want to. You want to brand yourselves as ow we're 1725 01:25:22,479 --> 01:25:25,200 Speaker 1: taking care of our essential workers, We're looking out for 1726 01:25:25,240 --> 01:25:28,360 Speaker 1: our people. Where is it? We don't feel it? You know, 1727 01:25:28,439 --> 01:25:30,639 Speaker 1: it wasn't an expetition was filed that I could see 1728 01:25:30,680 --> 01:25:32,720 Speaker 1: the hope in people's eyes in that store. You know, 1729 01:25:32,840 --> 01:25:35,479 Speaker 1: before then everyone had the life locked out of them. Sorry, ahead, 1730 01:25:35,800 --> 01:25:37,559 Speaker 1: I was just going to say, it does remind me 1731 01:25:37,600 --> 01:25:39,599 Speaker 1: so much of some of the things that Chris Mauls 1732 01:25:39,640 --> 01:25:43,040 Speaker 1: told us about when he was fighting for the Amazon union. 1733 01:25:43,200 --> 01:25:45,479 Speaker 1: Is they try to paint him as like, oh, he 1734 01:25:45,560 --> 01:25:48,800 Speaker 1: was stupid. I'm the famous like always in articulate, he's 1735 01:25:48,840 --> 01:25:52,080 Speaker 1: not smart, And they really tried to persuade people like 1736 01:25:52,200 --> 01:25:54,040 Speaker 1: this guy doesn't really know what he's doing. And I 1737 01:25:54,080 --> 01:25:56,000 Speaker 1: actually think some of the large unions here too. I 1738 01:25:56,000 --> 01:25:58,320 Speaker 1: think that's why there was a reluctance among some progressive 1739 01:25:58,320 --> 01:26:00,800 Speaker 1: politicians even to back them, because like, all, this guy 1740 01:26:01,120 --> 01:26:03,240 Speaker 1: he'd never done this before, he doesn't really know what 1741 01:26:03,240 --> 01:26:06,320 Speaker 1: he's up to. But talk to us about My understanding 1742 01:26:06,360 --> 01:26:09,400 Speaker 1: is you are going a similar path. You're forming a 1743 01:26:09,439 --> 01:26:13,439 Speaker 1: home depot specific grassroots workers union. What made you decide 1744 01:26:13,439 --> 01:26:15,720 Speaker 1: to go in that direction run than going to one 1745 01:26:15,760 --> 01:26:18,120 Speaker 1: of the larger and more established unions that could you know, 1746 01:26:18,200 --> 01:26:20,320 Speaker 1: give you that suppoor, give you that guidance, and give 1747 01:26:20,360 --> 01:26:24,559 Speaker 1: you that funding up front. So again, I mean, look 1748 01:26:24,680 --> 01:26:26,680 Speaker 1: shout out to Chris Wallas. You know, watching a lot 1749 01:26:26,680 --> 01:26:28,639 Speaker 1: of interviews with him, whether it was with you guys, 1750 01:26:28,640 --> 01:26:30,879 Speaker 1: you know, Breakfast Club and a bunch of different places. 1751 01:26:30,920 --> 01:26:32,760 Speaker 1: You know, that was kind of the framework that I 1752 01:26:32,880 --> 01:26:35,120 Speaker 1: tried to follow, just because I was like, all right, like, look, 1753 01:26:35,320 --> 01:26:37,439 Speaker 1: this is about organizing, right. The point of it is 1754 01:26:37,520 --> 01:26:39,960 Speaker 1: to garner the face of the people, you know, And 1755 01:26:40,000 --> 01:26:41,559 Speaker 1: I was like, look, these are people that I've worked 1756 01:26:41,560 --> 01:26:43,200 Speaker 1: with for five and a half years. You know, I 1757 01:26:43,240 --> 01:26:45,479 Speaker 1: was a supervisor in that store, and you know, I 1758 01:26:45,520 --> 01:26:47,559 Speaker 1: did my best to try and help people however I could, 1759 01:26:47,840 --> 01:26:49,600 Speaker 1: and that that carried me a lot of favor and 1760 01:26:49,680 --> 01:26:51,960 Speaker 1: a lot of trust. So it was a matter of 1761 01:26:52,000 --> 01:26:53,760 Speaker 1: how do we deliver on that trust. And you know, 1762 01:26:53,760 --> 01:26:55,920 Speaker 1: there had been attempts to unize in my store before 1763 01:26:55,920 --> 01:26:58,519 Speaker 1: that had been unsuccessful. You know, a lot of people 1764 01:26:58,600 --> 01:27:00,839 Speaker 1: kind of looking around saying, oh, a little bit skeptical 1765 01:27:00,880 --> 01:27:02,920 Speaker 1: of any outsiders coming and saying, hey, we're here to 1766 01:27:02,920 --> 01:27:05,000 Speaker 1: help you. So I said, look, you know, honestly, I 1767 01:27:05,040 --> 01:27:07,080 Speaker 1: feel that I have the wherewithal the capacity to get 1768 01:27:07,080 --> 01:27:09,720 Speaker 1: this done. You know, it takes a firm resolve, and 1769 01:27:09,760 --> 01:27:11,840 Speaker 1: it takes remembering that, hey, you're fighting for your people. 1770 01:27:11,840 --> 01:27:13,360 Speaker 1: And again, as I could see, you know, in the 1771 01:27:13,400 --> 01:27:16,639 Speaker 1: conversations that would be had with the different associates there 1772 01:27:16,680 --> 01:27:18,880 Speaker 1: whenever corporate will come through and they'd be talking to 1773 01:27:19,520 --> 01:27:21,880 Speaker 1: individuals and you would see, oh yeah, we care about you, 1774 01:27:21,920 --> 01:27:25,120 Speaker 1: we really respect you, and it's like you're not showing it. 1775 01:27:25,800 --> 01:27:26,960 Speaker 1: You know. At the end of the day, I could 1776 01:27:26,960 --> 01:27:28,360 Speaker 1: sit here and I could say a bunch of nice 1777 01:27:28,360 --> 01:27:31,840 Speaker 1: things to my colleagues and to the employees that work 1778 01:27:31,920 --> 01:27:34,000 Speaker 1: with me, you know, but it's up to me to 1779 01:27:34,040 --> 01:27:36,320 Speaker 1: show them right, not just to say things, but to 1780 01:27:36,360 --> 01:27:38,200 Speaker 1: actually do things. And you guys are a three hundred 1781 01:27:38,200 --> 01:27:41,400 Speaker 1: billion dollar company, like you have the capacity to it's 1782 01:27:41,439 --> 01:27:43,599 Speaker 1: just a matter of if used to you know, And 1783 01:27:43,640 --> 01:27:45,760 Speaker 1: that's just what I saw, was was that there was 1784 01:27:45,800 --> 01:27:48,120 Speaker 1: no choice to right. You know. There's half a million 1785 01:27:48,120 --> 01:27:49,840 Speaker 1: people who work at home depots, one of the largest 1786 01:27:49,840 --> 01:27:52,080 Speaker 1: employers in the country, so I think that your experience 1787 01:27:52,120 --> 01:27:54,439 Speaker 1: probably resonates with a lot of them. Hopefully they watch 1788 01:27:54,479 --> 01:27:56,719 Speaker 1: the show. So we really appreciate you joining us, Vince. 1789 01:27:57,160 --> 01:27:58,920 Speaker 1: It means a lot to hear what you said about us, 1790 01:27:58,960 --> 01:28:00,479 Speaker 1: and we wish you the best of life. Keep us 1791 01:28:00,560 --> 01:28:03,400 Speaker 1: updated and we happy to have you back on. Honored 1792 01:28:03,400 --> 01:28:05,080 Speaker 1: to talk to you, Evince. Thanks for taking the time, 1793 01:28:06,200 --> 01:28:07,920 Speaker 1: Thank you guys so much, and just again, thank you 1794 01:28:07,960 --> 01:28:10,240 Speaker 1: guys for caring. Our store really appreciates all the coverage 1795 01:28:10,280 --> 01:28:12,880 Speaker 1: we're getting. Thank you sir. Yeah, it's truly our pleasure 1796 01:28:12,920 --> 01:28:15,439 Speaker 1: at least we can do. Absolutely, Thank you guys so 1797 01:28:15,520 --> 01:28:17,840 Speaker 1: much for watching. We really appreciate it. As we got 1798 01:28:17,880 --> 01:28:21,280 Speaker 1: we said live show Chicago, it's here, you can watch 1799 01:28:21,280 --> 01:28:23,040 Speaker 1: the clips. I think it was awesome and it's going 1800 01:28:23,080 --> 01:28:24,840 Speaker 1: to be even more awesome in Chicago. We learned a 1801 01:28:24,880 --> 01:28:26,960 Speaker 1: couple of lessons and then number two, we've got the 1802 01:28:26,960 --> 01:28:29,360 Speaker 1: discount going on. You can help support our work. It's 1803 01:28:29,439 --> 01:28:31,240 Speaker 1: interviews like that Crystal then make it all work. I 1804 01:28:31,280 --> 01:28:34,519 Speaker 1: can't tell you when they reached out. Actually, Jonah Furman 1805 01:28:34,720 --> 01:28:36,439 Speaker 1: reached out and was like, you know, Vince is a 1806 01:28:36,439 --> 01:28:38,840 Speaker 1: fan of breaking points, and like you guys were part 1807 01:28:38,880 --> 01:28:41,479 Speaker 1: of what gave him this. I'm huge. That's like, I 1808 01:28:41,520 --> 01:28:43,000 Speaker 1: can't tell you how much it means to it. So 1809 01:28:43,040 --> 01:28:46,439 Speaker 1: I realized, like everything you improve my relationship with my dad. 1810 01:28:46,520 --> 01:28:49,960 Speaker 1: Those two it's like, wow, we do that with even 1811 01:28:50,000 --> 01:28:52,559 Speaker 1: like three people. It's way more than we ever could 1812 01:28:52,560 --> 01:28:55,240 Speaker 1: have mappened. So thank you guys so much for making 1813 01:28:55,280 --> 01:28:58,839 Speaker 1: it possible. We are so incredibly grateful to you. Enjoy 1814 01:28:59,000 --> 01:29:02,320 Speaker 1: Counterpoints tomorrow Tomorrow, Joy down and leaking. We've got the 1815 01:29:02,360 --> 01:29:03,960 Speaker 1: discount going on right now. If you want to help 1816 01:29:04,000 --> 01:29:07,519 Speaker 1: support them, help support continued expansion. It means so much 1817 01:29:07,560 --> 01:29:09,360 Speaker 1: to us. Link is down in the description for all 1818 01:29:09,400 --> 01:29:11,880 Speaker 1: that stuff. We'll see you all next week. Love y'all, 1819 01:29:11,920 --> 01:29:12,599 Speaker 1: see you next week.