1 00:00:00,760 --> 00:00:03,720 Speaker 1: Hey, guys, ready or not, twenty twenty four is here, 2 00:00:03,880 --> 00:00:06,280 Speaker 1: and we here at breaking points, are already thinking of 3 00:00:06,400 --> 00:00:08,600 Speaker 1: ways we can up our game for this critical election. 4 00:00:08,800 --> 00:00:11,719 Speaker 2: We rely on our premium subs to expand coverage, upgrade 5 00:00:11,760 --> 00:00:15,960 Speaker 2: the studio ad staff give you, guys, the best independent coverage. 6 00:00:15,560 --> 00:00:16,239 Speaker 3: That is possible. 7 00:00:16,280 --> 00:00:18,279 Speaker 2: If you like what we're all about, it just means 8 00:00:18,320 --> 00:00:20,840 Speaker 2: the absolute world to have your support. But enough with that, 9 00:00:21,000 --> 00:00:38,680 Speaker 2: Let's get to the show. I rarely am speecial shrine, 10 00:00:38,760 --> 00:00:40,199 Speaker 2: but that's how I felt when I saw this. 11 00:00:40,320 --> 00:00:42,040 Speaker 3: Let's go ahead, put this up there on the screen. 12 00:00:42,159 --> 00:00:46,839 Speaker 2: Elizabeth Holmes is being rehabilitated by The New York Times 13 00:00:46,880 --> 00:00:51,120 Speaker 2: in a fawning new profile which is so humiliating that 14 00:00:51,200 --> 00:00:52,599 Speaker 2: they even acknowledge it. 15 00:00:52,680 --> 00:00:53,400 Speaker 3: In the story. 16 00:00:53,720 --> 00:00:57,240 Speaker 2: They say, I was admittedly swept up in Liz as 17 00:00:57,280 --> 00:01:02,360 Speaker 2: an authentic and sympathetic person's and charismatic in a quiet way. 18 00:01:02,600 --> 00:01:06,240 Speaker 2: My editor laughed at me when I shared these impressions, telling. 19 00:01:06,000 --> 00:01:07,759 Speaker 3: Me Amy, you got rolled. 20 00:01:08,040 --> 00:01:10,680 Speaker 2: The headline of the piece, Ryan is the black turtlenecks 21 00:01:10,720 --> 00:01:13,360 Speaker 2: are gone, so is the voice. As the convicted there 22 00:01:13,360 --> 00:01:15,960 Speaker 2: and was founder awaits prison, she has adopted a new 23 00:01:16,000 --> 00:01:21,360 Speaker 2: persona devoted mother. Liz Holmes wants you to forget about Elizabeth. 24 00:01:21,760 --> 00:01:24,560 Speaker 2: I mean, what did you make of this crap where 25 00:01:24,600 --> 00:01:27,440 Speaker 2: basically they want to say like, oh, she's a mom, 26 00:01:27,560 --> 00:01:31,360 Speaker 2: and all this erasing the fact that billions of dollars 27 00:01:31,360 --> 00:01:34,480 Speaker 2: were stolen from investors and worse, as I always say, 28 00:01:34,920 --> 00:01:38,039 Speaker 2: she actually sold this technology knowing it wouldn't work to 29 00:01:38,080 --> 00:01:42,520 Speaker 2: Walgreens and people were misdiagnosed based on her fake blood technology, 30 00:01:42,720 --> 00:01:46,160 Speaker 2: some of whom suffered severe health events as a result 31 00:01:46,400 --> 00:01:49,560 Speaker 2: of her BS diagnosis. So that is, to me, the 32 00:01:49,600 --> 00:01:53,000 Speaker 2: most unforgivable crime of this entire thing. But give me 33 00:01:53,000 --> 00:01:55,120 Speaker 2: your impressions of this ridiculous. 34 00:01:54,480 --> 00:01:56,600 Speaker 4: And I think there's nothing wrong with doing a profile 35 00:01:56,640 --> 00:01:59,040 Speaker 4: of I would love to talk to if you if 36 00:01:59,080 --> 00:02:01,400 Speaker 4: you can get that, But then you also interview a 37 00:02:01,400 --> 00:02:04,640 Speaker 4: bunch of people about what it takes to be a. 38 00:02:04,560 --> 00:02:06,960 Speaker 3: Sociopath in this world exactly like, because. 39 00:02:06,800 --> 00:02:09,520 Speaker 4: It appears from everything that she was doing in her 40 00:02:09,520 --> 00:02:12,160 Speaker 4: business world like some type of a sociopath. 41 00:02:12,320 --> 00:02:13,840 Speaker 3: Great parcisss, no question. 42 00:02:15,120 --> 00:02:18,240 Speaker 4: The fact that she's now admitting that she faked that 43 00:02:18,400 --> 00:02:23,720 Speaker 4: entire voice is so disturbing that I think it could 44 00:02:23,760 --> 00:02:26,680 Speaker 4: make for some deep psychological explorations. 45 00:02:26,760 --> 00:02:28,360 Speaker 3: Oh, I would love to talk to her one on one. 46 00:02:28,400 --> 00:02:29,800 Speaker 2: I'd be like, so, you know, how do you do 47 00:02:29,800 --> 00:02:31,760 Speaker 2: Do you have any remorse whatsoever about those people? 48 00:02:31,960 --> 00:02:33,360 Speaker 5: How do you feel about it? What about people? 49 00:02:34,080 --> 00:02:36,240 Speaker 4: At what point did you realize that people are going 50 00:02:36,280 --> 00:02:40,519 Speaker 4: to be getting wrong diagnoses? And you continued forward anyway 51 00:02:40,720 --> 00:02:43,000 Speaker 4: because you just thought that you could keep juggling it. 52 00:02:43,000 --> 00:02:43,880 Speaker 5: And then eventually are. 53 00:02:43,760 --> 00:02:45,640 Speaker 2: You at peace with that? When you post for cameras 54 00:02:45,639 --> 00:02:46,959 Speaker 2: with your two little kids? How do you live with 55 00:02:47,160 --> 00:02:48,320 Speaker 2: I'd be like, how do you live with yourself? 56 00:02:48,880 --> 00:02:49,600 Speaker 5: Could have been great. 57 00:02:49,720 --> 00:02:54,080 Speaker 4: Instead, it takes the celebrity profile form and applies it 58 00:02:54,120 --> 00:02:57,280 Speaker 4: to this. Everybody has, you know, read a good Vanity 59 00:02:57,280 --> 00:03:01,800 Speaker 4: Fair profile of you know where, where an author spends 60 00:03:01,840 --> 00:03:06,680 Speaker 4: like a day or an afternoon with the celebrity, writes 61 00:03:06,800 --> 00:03:09,200 Speaker 4: a couple of witty lines. We read it in the 62 00:03:09,200 --> 00:03:11,919 Speaker 4: airport everybody everybody has fun and we all go. 63 00:03:12,000 --> 00:03:12,520 Speaker 3: Yeah, it's great. 64 00:03:12,560 --> 00:03:13,079 Speaker 5: I was just fun. 65 00:03:13,120 --> 00:03:15,320 Speaker 3: I was telling you I just read a profile of 66 00:03:15,360 --> 00:03:18,000 Speaker 3: Tom Hanks. It was nice. Tom Hanks a nice guy. 67 00:03:18,160 --> 00:03:19,440 Speaker 2: I don't really think about it, but I was like, 68 00:03:19,440 --> 00:03:21,240 Speaker 2: oh yeah, Tom, real stand up. 69 00:03:21,120 --> 00:03:23,519 Speaker 3: Guy, loves time writers. That's cool killed. That's not the 70 00:03:23,560 --> 00:03:24,079 Speaker 3: same thing. 71 00:03:24,000 --> 00:03:27,720 Speaker 5: Right, killed twenty minutes. Everybody's happy they bring that to 72 00:03:28,480 --> 00:03:29,320 Speaker 5: this is sociopath. 73 00:03:29,680 --> 00:03:32,440 Speaker 4: So like the most celebrity profile line probably in the 74 00:03:32,440 --> 00:03:34,200 Speaker 4: whole piece, but the whole piece is in that form. 75 00:03:34,800 --> 00:03:36,840 Speaker 4: Amy Choseck writes, and we'll talk about who Amy Choseick 76 00:03:36,880 --> 00:03:39,440 Speaker 4: is in one second. She writes, So to just say it, 77 00:03:39,720 --> 00:03:42,600 Speaker 4: MS Holmes knows what you're thinking about her trial and 78 00:03:42,680 --> 00:03:45,520 Speaker 4: the birth of her two babies. And what she's referring 79 00:03:45,520 --> 00:03:49,240 Speaker 4: to there in that under that subtle way is the 80 00:03:49,320 --> 00:03:52,040 Speaker 4: fact that she had these two kids in the middle 81 00:03:52,040 --> 00:03:55,600 Speaker 4: of the sentencing in the trial. Yes, that everybody assumes 82 00:03:55,640 --> 00:03:57,640 Speaker 4: like she had these kids in order to try to 83 00:03:57,680 --> 00:03:58,960 Speaker 4: get out of prison. 84 00:03:59,040 --> 00:04:01,960 Speaker 2: It's obviously true she used her pregnancy as a shield 85 00:04:02,040 --> 00:04:03,480 Speaker 2: at trial for sympathy. 86 00:04:04,080 --> 00:04:05,880 Speaker 3: It's so transparent. 87 00:04:05,920 --> 00:04:07,920 Speaker 2: How do you not ask her that, not even ask 88 00:04:07,960 --> 00:04:10,200 Speaker 2: her press her on that directly. 89 00:04:10,600 --> 00:04:12,000 Speaker 3: It's just it's so absurd. 90 00:04:12,040 --> 00:04:15,320 Speaker 4: And so the other interesting part is the identity of 91 00:04:15,360 --> 00:04:19,279 Speaker 4: this reporter, so Amy Choseick, who has mostly gone away 92 00:04:19,320 --> 00:04:22,360 Speaker 4: since twenty sixteen. It feels like she was the beat 93 00:04:22,400 --> 00:04:25,040 Speaker 4: reporter who was assigned to cover for the New York Times. 94 00:04:25,040 --> 00:04:28,080 Speaker 4: The Hillary Clinton campaign in twenty fifteen twenty sixteen, and 95 00:04:28,120 --> 00:04:32,320 Speaker 4: her quite soft coverage of her, I think helped produce 96 00:04:32,560 --> 00:04:35,880 Speaker 4: some of the delusions that the campaign operated under in 97 00:04:35,920 --> 00:04:39,600 Speaker 4: a self destructive way. So this kind of soft coverage 98 00:04:39,600 --> 00:04:42,640 Speaker 4: that you do doesn't, in the end, often end up 99 00:04:42,680 --> 00:04:45,200 Speaker 4: helping the person that you think it's helping, because it 100 00:04:45,240 --> 00:04:48,719 Speaker 4: prevents them from then actually doing the self reflection that 101 00:04:48,760 --> 00:04:51,960 Speaker 4: would be necessary to correct what's going wrong here. Now, 102 00:04:52,560 --> 00:04:56,000 Speaker 4: kudos to Liz Holmes, she's now Liz. She doesn't wear 103 00:04:56,000 --> 00:04:58,719 Speaker 4: the black turtlenecks, she doesn't have a deep voice anymore. 104 00:04:58,839 --> 00:05:01,320 Speaker 4: Kudos that are forgetting this coverage in the Times. But 105 00:05:01,360 --> 00:05:03,560 Speaker 4: I don't think it's going to be enough because all 106 00:05:03,560 --> 00:05:06,640 Speaker 4: it did is kind of lump Amy Chosick and the 107 00:05:06,640 --> 00:05:09,400 Speaker 4: Times in with her rather than I think actually rebuilt 108 00:05:09,480 --> 00:05:12,479 Speaker 4: it because people can use their own common sense, Like 109 00:05:13,680 --> 00:05:14,440 Speaker 4: you've got rolled. 110 00:05:14,720 --> 00:05:15,800 Speaker 5: Just like your editor. 111 00:05:15,600 --> 00:05:17,920 Speaker 3: Said, people read it. We're we're not exaggerating. 112 00:05:18,080 --> 00:05:23,680 Speaker 2: Still can't even be incredible, Just an incredible moment where 113 00:05:23,760 --> 00:05:28,040 Speaker 2: Tim Dillon had on two little Biden TikTok stars clearly 114 00:05:28,080 --> 00:05:29,880 Speaker 2: who have been They claim they're not being paid, but 115 00:05:30,000 --> 00:05:33,080 Speaker 2: of course they're attached to some sort of agency tim 116 00:05:33,080 --> 00:05:36,359 Speaker 2: doing the lord's work, I guess having them on and 117 00:05:36,480 --> 00:05:39,880 Speaker 2: interviewing them about their process, which resulted in one of 118 00:05:39,880 --> 00:05:40,960 Speaker 2: the best clips that I've. 119 00:05:40,880 --> 00:05:43,839 Speaker 3: Ever seen yet. Regarding these guys, let's take a listen. 120 00:05:43,880 --> 00:05:45,680 Speaker 6: It's actually really hard in the space, right, Like we 121 00:05:45,720 --> 00:05:48,800 Speaker 6: have like forty five seconds to record a video keep 122 00:05:48,839 --> 00:05:51,839 Speaker 6: Moole's attention, and a lot of the people on our side, 123 00:05:51,880 --> 00:05:54,000 Speaker 6: like if they start hearing like I've actually done it before, 124 00:05:54,040 --> 00:05:58,080 Speaker 6: I've I've criticized like Democrats, like specifically hicken Jeffreys, and 125 00:05:58,920 --> 00:06:01,240 Speaker 6: it all just went south. I started losing followers, Like 126 00:06:01,279 --> 00:06:03,039 Speaker 6: it's bad, right, and I really want to be that 127 00:06:03,040 --> 00:06:05,200 Speaker 6: person that like reaches the other side because Democrats, I mean, 128 00:06:05,440 --> 00:06:07,240 Speaker 6: they're horrible at their jobs, right, They do a lot 129 00:06:07,279 --> 00:06:09,880 Speaker 6: of shitty things, although I'll vote for them all the time. 130 00:06:10,480 --> 00:06:12,560 Speaker 3: But it's also hard in the space to Criticiz's sore good. 131 00:06:12,600 --> 00:06:13,800 Speaker 5: Can we clip that quote? 132 00:06:14,120 --> 00:06:14,880 Speaker 3: They're hard? Please? 133 00:06:16,040 --> 00:06:20,000 Speaker 6: Please don't please don't please don't click that please no, no, no, please. 134 00:06:19,920 --> 00:06:22,560 Speaker 3: Please don't clip please don't clip that. Whatever I criticize 135 00:06:22,560 --> 00:06:23,400 Speaker 3: it when people get. 136 00:06:23,200 --> 00:06:27,800 Speaker 2: Mad, that's a definition of propaganda and not of providing 137 00:06:27,880 --> 00:06:30,760 Speaker 2: honest analysis. I mean, look, to be fair, these guys 138 00:06:30,760 --> 00:06:33,960 Speaker 2: probably they're so young they probably don't even really realize 139 00:06:34,000 --> 00:06:35,920 Speaker 2: like what they're caught up in. But I think one 140 00:06:35,960 --> 00:06:38,280 Speaker 2: of the things that you mature and realize Ryan is 141 00:06:38,279 --> 00:06:40,359 Speaker 2: I'm sure you've had and I have many times, is 142 00:06:40,360 --> 00:06:42,400 Speaker 2: that pissing people off is actually a key part of 143 00:06:42,400 --> 00:06:45,280 Speaker 2: the job if you want to remain intellectually honest throughout 144 00:06:45,520 --> 00:06:48,080 Speaker 2: the period. Because I have been in the melee of 145 00:06:48,160 --> 00:06:50,400 Speaker 2: some big social events and stuff, and you got to 146 00:06:50,400 --> 00:06:52,480 Speaker 2: stick to your guns man, and sometimes it works out. 147 00:06:52,520 --> 00:06:54,680 Speaker 3: Sometimes you look like a fool, and then you think 148 00:06:54,680 --> 00:06:55,200 Speaker 3: about that. 149 00:06:55,160 --> 00:06:56,920 Speaker 2: In retrospect, and you said, you know what, it was 150 00:06:56,920 --> 00:06:58,640 Speaker 2: a little bit too hot in the way that I 151 00:06:58,680 --> 00:07:01,040 Speaker 2: was thinking and talking about this and this time around, 152 00:07:01,040 --> 00:07:03,120 Speaker 2: because I remember exactly what was going on with that. 153 00:07:03,640 --> 00:07:05,080 Speaker 2: You know, at this time, I'm going to do this, 154 00:07:05,200 --> 00:07:07,039 Speaker 2: and then by doing that, you end up pissing people 155 00:07:07,080 --> 00:07:09,760 Speaker 2: off who would demand like loyalty and fealty from you, 156 00:07:10,120 --> 00:07:12,840 Speaker 2: when in reality, what you realize over time is you 157 00:07:12,920 --> 00:07:15,560 Speaker 2: got to try and stay true to yourself, but beyond that, 158 00:07:16,280 --> 00:07:20,880 Speaker 2: you have to always try and say what you believe 159 00:07:21,360 --> 00:07:24,320 Speaker 2: and explain it in a cosion and thoughtful process and 160 00:07:24,360 --> 00:07:25,920 Speaker 2: trust that people will stick with you through it, and 161 00:07:25,960 --> 00:07:28,040 Speaker 2: if they don't, you have to come to the conclusion 162 00:07:28,280 --> 00:07:29,560 Speaker 2: it's on you and it's not on me. 163 00:07:29,880 --> 00:07:30,080 Speaker 5: Yeah. 164 00:07:30,120 --> 00:07:33,000 Speaker 4: And from the post World War two on, corporate capture 165 00:07:33,160 --> 00:07:36,080 Speaker 4: was the big risk when it came to media and 166 00:07:36,120 --> 00:07:41,000 Speaker 4: to anchors and reporters and editors not being honest with 167 00:07:41,040 --> 00:07:43,920 Speaker 4: their audience because it would run up against the corporate 168 00:07:43,960 --> 00:07:48,760 Speaker 4: interests of the people that financed their entire operations manufacturing 169 00:07:48,760 --> 00:07:54,720 Speaker 4: consent well tried terrain. What is becoming a big problem 170 00:07:54,760 --> 00:07:57,920 Speaker 4: now is audience capture and those kids are a perfect 171 00:07:57,960 --> 00:08:01,840 Speaker 4: example of it. That they are afraid to say what 172 00:08:01,920 --> 00:08:04,560 Speaker 4: they believe, which is that a Keem Jeffries might not 173 00:08:04,600 --> 00:08:07,800 Speaker 4: be the most wonderful person on the planet. But if 174 00:08:07,800 --> 00:08:10,880 Speaker 4: they say that, all of a sudden, it all falls 175 00:08:10,880 --> 00:08:13,880 Speaker 4: apart as they start losing followers. It's what I love 176 00:08:13,920 --> 00:08:18,240 Speaker 4: about this format you have because we have and we 177 00:08:18,280 --> 00:08:20,280 Speaker 4: don't have a monolithic audience. 178 00:08:20,320 --> 00:08:22,360 Speaker 5: We don't have one hegemonic group. 179 00:08:22,720 --> 00:08:24,840 Speaker 2: We've got white people all over, people all over, literally 180 00:08:24,960 --> 00:08:26,760 Speaker 2: all over, and you really see it, especially when we 181 00:08:26,760 --> 00:08:29,120 Speaker 2: do in person events. It's so crazy. I remember the 182 00:08:29,120 --> 00:08:31,360 Speaker 2: first time we did a real student loan debate, it 183 00:08:31,400 --> 00:08:35,160 Speaker 2: was genuinely fifty to fifty and it's just so validating 184 00:08:35,160 --> 00:08:35,439 Speaker 2: to be. 185 00:08:35,400 --> 00:08:38,920 Speaker 3: Like, yeah, people really are you know all walks of life. 186 00:08:39,320 --> 00:08:41,319 Speaker 3: Watch the show. Probably the thing that Chrystal and I 187 00:08:41,360 --> 00:08:43,240 Speaker 3: are the most proud here. 188 00:08:43,320 --> 00:08:44,880 Speaker 5: And I love pissing people off. 189 00:08:44,920 --> 00:08:47,480 Speaker 3: Yeah it's fun, but that's the other thing. 190 00:08:47,520 --> 00:08:51,200 Speaker 4: People forget, right, But if the audience all felt one way, 191 00:08:51,320 --> 00:08:53,560 Speaker 4: I could love pissing them off all they want, but like, 192 00:08:53,960 --> 00:08:55,040 Speaker 4: at the end of the day, you're not going to 193 00:08:55,080 --> 00:08:58,440 Speaker 4: be able to survive that if your entire audience like 194 00:08:58,559 --> 00:09:02,440 Speaker 4: disagrees with you. And so there is that audience capture 195 00:09:02,440 --> 00:09:05,240 Speaker 4: that you just if you cultivate an audience that believes 196 00:09:05,320 --> 00:09:08,600 Speaker 4: just one thing, like democrats are amazing and hikeem Jefferies 197 00:09:08,679 --> 00:09:10,360 Speaker 4: is going to lead them to the promised Land. 198 00:09:10,920 --> 00:09:13,679 Speaker 5: You just have to keep saying that you're not independent. 199 00:09:13,720 --> 00:09:17,520 Speaker 4: And too many people to describe themselves as independent today 200 00:09:18,200 --> 00:09:20,760 Speaker 4: when they are not actually independent of their audience. 201 00:09:20,760 --> 00:09:22,320 Speaker 3: That's smart, that's a good way of putting it. 202 00:09:22,360 --> 00:09:24,199 Speaker 2: I you know, I think about all the time I 203 00:09:24,520 --> 00:09:27,280 Speaker 2: shared a career before we took a big hit, A 204 00:09:27,280 --> 00:09:30,600 Speaker 2: lot of people cancel their previous descriptions during the withdrawal 205 00:09:30,679 --> 00:09:33,079 Speaker 2: from Afghanistan, and Chris and I looked at each other 206 00:09:33,120 --> 00:09:34,520 Speaker 2: and we were like, we're not going to change a 207 00:09:34,600 --> 00:09:35,000 Speaker 2: damn thing. 208 00:09:35,080 --> 00:09:36,080 Speaker 3: We're just going to keep going. 209 00:09:36,280 --> 00:09:38,920 Speaker 2: And actually it was vindicating because in the long run 210 00:09:39,040 --> 00:09:40,960 Speaker 2: we got more by being staying true to who we 211 00:09:40,960 --> 00:09:43,880 Speaker 2: were we would have, you know, business wise, you could 212 00:09:43,880 --> 00:09:45,440 Speaker 2: see how we're like, oh, we got to you know, 213 00:09:45,559 --> 00:09:48,280 Speaker 2: make sure that we said no. They said, we believe this. 214 00:09:48,600 --> 00:09:51,840 Speaker 2: Being anti war is core to the things that we believe. 215 00:09:52,080 --> 00:09:55,000 Speaker 2: If we make less money as a business, so be it. 216 00:09:55,280 --> 00:09:58,000 Speaker 2: And again, I think it worked out actually in the 217 00:09:58,000 --> 00:09:59,680 Speaker 2: long run. But you know, I know a lot of 218 00:09:59,679 --> 00:10:00,800 Speaker 2: people in the business. 219 00:10:00,960 --> 00:10:02,480 Speaker 3: They would take an opposite move. 220 00:10:02,400 --> 00:10:03,079 Speaker 5: They really would. 221 00:10:03,440 --> 00:10:05,600 Speaker 2: And yeah, so you got to remain true to yourself. 222 00:10:05,600 --> 00:10:07,880 Speaker 2: That's what I would say to these kids. You're twenty 223 00:10:07,960 --> 00:10:10,120 Speaker 2: years old. You probably cringe of that clip in a 224 00:10:10,120 --> 00:10:10,600 Speaker 2: few years. 225 00:10:10,600 --> 00:10:12,280 Speaker 3: And that's okay. I cringe every time I watch all 226 00:10:12,320 --> 00:10:12,880 Speaker 3: the clip hit me. 227 00:10:12,880 --> 00:10:14,240 Speaker 5: Too, and it's not just YouTubers. 228 00:10:14,360 --> 00:10:19,400 Speaker 4: Fox News after the November election did not believe that 229 00:10:19,440 --> 00:10:23,240 Speaker 4: the election had been stolen, but started seeing audience bleeding 230 00:10:23,240 --> 00:10:26,560 Speaker 4: out to Newsmax and these other places, and the orders 231 00:10:26,600 --> 00:10:28,480 Speaker 4: came down we need to play foot seat with this 232 00:10:28,480 --> 00:10:31,840 Speaker 4: stuff because they were They had become captured by their 233 00:10:31,880 --> 00:10:33,000 Speaker 4: audience and had no choice. 234 00:10:33,080 --> 00:10:38,920 Speaker 3: Smart as everyone who watched this show knows. I love history. 235 00:10:39,040 --> 00:10:41,959 Speaker 2: So I hear there's a new Cleopatra thing coming, I say, oh, 236 00:10:42,040 --> 00:10:47,599 Speaker 2: great Cleopatra. What a fascinating era, the Macedonian Age, the declining, 237 00:10:47,920 --> 00:10:50,840 Speaker 2: you know, intersections with the Rome. We've had all those 238 00:10:50,840 --> 00:10:53,400 Speaker 2: famous the mark antony and stuff. I said, maybe that'll 239 00:10:53,400 --> 00:10:57,599 Speaker 2: get into it. But then it turns out the controversy 240 00:10:57,679 --> 00:11:00,640 Speaker 2: euroups because let's put this up there all the screen. 241 00:11:01,080 --> 00:11:07,600 Speaker 2: Netflix's new Cleopatra slash historical series cast Cleopatra as black. Now, 242 00:11:07,679 --> 00:11:10,200 Speaker 2: I personally had never thought about it. I mean, you know, 243 00:11:10,240 --> 00:11:14,400 Speaker 2: it's a little wit weird, but it has caused enormous 244 00:11:14,440 --> 00:11:19,680 Speaker 2: consternation actually in Egypt, because the Egyptians say that cast 245 00:11:20,200 --> 00:11:22,120 Speaker 2: and I'm not just saying the Egyptians, I'm talking about 246 00:11:22,320 --> 00:11:25,680 Speaker 2: the Egyptian government is calling out the United States and 247 00:11:25,760 --> 00:11:29,680 Speaker 2: Netflix for casting a black actress to play Cleopatra. They 248 00:11:29,720 --> 00:11:33,679 Speaker 2: claim that they are falsifying Egyptian hit. We are falsifying 249 00:11:33,720 --> 00:11:39,080 Speaker 2: Egyptian history. We are desecrating their heritage, their government, their antiquity, 250 00:11:39,400 --> 00:11:44,400 Speaker 2: their overall history, that is not accurate and not true, 251 00:11:44,760 --> 00:11:49,640 Speaker 2: which has now caused Ryan a great study into what 252 00:11:49,880 --> 00:11:52,800 Speaker 2: was Cleopatra. It turns out, you know, that from three 253 00:11:52,800 --> 00:11:55,239 Speaker 2: point twenty three BC, we don't actually have a particularly 254 00:11:55,280 --> 00:12:00,960 Speaker 2: good view into what the racial what the makeup was 255 00:12:01,400 --> 00:12:03,400 Speaker 2: of some of these figures. It's like Jesus, you know, 256 00:12:03,440 --> 00:12:05,440 Speaker 2: we don't actually know all that much about either. Some 257 00:12:05,440 --> 00:12:08,000 Speaker 2: accounts to say this to some accounts that say that, well, 258 00:12:08,280 --> 00:12:12,520 Speaker 2: same thing apparently is true of Cleopatra. The general consensus 259 00:12:12,720 --> 00:12:19,000 Speaker 2: is that she had Persian ancestry of some kind. We 260 00:12:19,080 --> 00:12:23,280 Speaker 2: know that she was, you know Ptolemy, the Ptolemy Ptolemaic dynasty, 261 00:12:23,559 --> 00:12:27,040 Speaker 2: That she had Persian ancestry of some kind, that she 262 00:12:28,360 --> 00:12:35,200 Speaker 2: possibly had some intermingling ancestry involving slaves, but that to 263 00:12:35,280 --> 00:12:37,880 Speaker 2: be a noble woman or whatever at that time very 264 00:12:38,080 --> 00:12:40,960 Speaker 2: likely had the hue of what you would you know 265 00:12:41,920 --> 00:12:45,360 Speaker 2: that you would relate Egyptian person who's not black to 266 00:12:45,400 --> 00:12:48,920 Speaker 2: be Okay. So that's the general historical consensus according to 267 00:12:48,920 --> 00:12:51,040 Speaker 2: the Egyptians too. Okay, but again, you know, we don't 268 00:12:51,040 --> 00:12:54,280 Speaker 2: technically know, well, this then what I love this is 269 00:12:54,320 --> 00:12:58,840 Speaker 2: that this is peak Westerners in like putting their own 270 00:12:58,920 --> 00:13:02,480 Speaker 2: bs on to other cultures and then finding out that 271 00:13:02,720 --> 00:13:05,720 Speaker 2: other cultures don't actually agree with us at all and 272 00:13:05,720 --> 00:13:08,760 Speaker 2: actually get very angry. And it resulted in this New 273 00:13:08,840 --> 00:13:11,240 Speaker 2: York Times op ed that we showed you fear of 274 00:13:11,280 --> 00:13:12,680 Speaker 2: a black Cleopatra. 275 00:13:13,120 --> 00:13:15,600 Speaker 3: Now, this was by an associate. 276 00:13:15,040 --> 00:13:18,720 Speaker 2: Professor of philosophy at the University of Missouri and doctor Gilbert, 277 00:13:18,760 --> 00:13:23,000 Speaker 2: an assistant professor of classics at Mississippi State University. This 278 00:13:23,920 --> 00:13:27,880 Speaker 2: op ed is probably best noted as what actual. 279 00:13:27,480 --> 00:13:28,920 Speaker 3: Critical race theory looks like. 280 00:13:29,160 --> 00:13:31,319 Speaker 2: If people want to know critical race theory, they're always like, well, 281 00:13:31,320 --> 00:13:32,240 Speaker 2: that's a graduate level. 282 00:13:32,360 --> 00:13:35,640 Speaker 3: This is a pretty good view into what it is. 283 00:13:35,720 --> 00:13:39,640 Speaker 2: And our friend Richard Hannania actually flagged for me my 284 00:13:39,760 --> 00:13:40,240 Speaker 2: favorite part. 285 00:13:40,280 --> 00:13:42,280 Speaker 3: Let's put it up there on the screen, they say. 286 00:13:42,360 --> 00:13:42,800 Speaker 5: Quote. 287 00:13:43,120 --> 00:13:48,240 Speaker 2: Netflix's casting was informed by the views of Shelley Haley, 288 00:13:48,320 --> 00:13:53,000 Speaker 2: who claims that, although evidence of her ancestry and physical 289 00:13:53,040 --> 00:13:58,320 Speaker 2: attributes are inconclusive, Cleopatra was culturally black. 290 00:13:58,800 --> 00:14:01,440 Speaker 3: And so what does that remind you of? Ryan? 291 00:14:02,080 --> 00:14:07,840 Speaker 2: That reminds me of Rachel Dolezoll And so as Richard 292 00:14:07,920 --> 00:14:11,720 Speaker 2: so aptly puts it there. They basically are saying that 293 00:14:11,840 --> 00:14:17,800 Speaker 2: Cleopatra is the ancient Rachel Dolezoal, which is certainly something. 294 00:14:17,920 --> 00:14:20,760 Speaker 3: So I'm curious what you make of this entire thing. 295 00:14:20,880 --> 00:14:24,160 Speaker 5: Well, it's absurd, it's incorrect. 296 00:14:24,320 --> 00:14:25,480 Speaker 3: That's just wrong. 297 00:14:26,320 --> 00:14:30,320 Speaker 4: There was no such thing as black in Egyptian culture 298 00:14:30,840 --> 00:14:32,600 Speaker 4: at that time, not until later. 299 00:14:32,720 --> 00:14:36,240 Speaker 5: Therefore, you can't be culturally black. It's just false. Now, 300 00:14:36,280 --> 00:14:36,600 Speaker 5: I was. 301 00:14:36,560 --> 00:14:39,920 Speaker 4: Doing some research to get ready for this segment, and 302 00:14:40,000 --> 00:14:43,640 Speaker 4: I looked into another historical drama called Hamilton and what 303 00:14:43,680 --> 00:14:44,080 Speaker 4: I have done. 304 00:14:44,280 --> 00:14:45,200 Speaker 3: Great show, by the way. 305 00:14:45,120 --> 00:14:48,840 Speaker 4: And I have uncovered a couple of disturbing facts. One 306 00:14:48,920 --> 00:14:51,680 Speaker 4: is that George Washington was a character in the drama 307 00:14:51,880 --> 00:14:53,720 Speaker 4: Hamilton played black. 308 00:14:54,000 --> 00:14:56,080 Speaker 5: Was not black. He's white. Did you know that? 309 00:14:56,120 --> 00:14:58,800 Speaker 4: George Washington went, I did not know that something, Aaron 310 00:14:58,840 --> 00:15:04,320 Speaker 4: Burr Ah, So what right? Hamilton, despite being born in 311 00:15:04,360 --> 00:15:06,920 Speaker 4: the Caribbean, also white, also white? 312 00:15:07,000 --> 00:15:07,200 Speaker 5: Right? 313 00:15:07,280 --> 00:15:10,400 Speaker 4: So I think we're gonna need a pretty like serious 314 00:15:10,480 --> 00:15:13,320 Speaker 4: run of corrections in the way that they portrayed. 315 00:15:13,440 --> 00:15:15,080 Speaker 2: I actually think this is a fair point, which is 316 00:15:15,160 --> 00:15:17,360 Speaker 2: who cares it all? The only reason I think is 317 00:15:17,480 --> 00:15:19,920 Speaker 2: funny is because of the whole ancient Regil doles all thing, 318 00:15:20,240 --> 00:15:21,760 Speaker 2: and I don't know why they just didn't do what 319 00:15:21,760 --> 00:15:24,960 Speaker 2: Hamilton did. The guy was his name lin Manua Miranda. 320 00:15:25,000 --> 00:15:28,640 Speaker 2: The way he wrote Hamilton, his explanation was, it's America 321 00:15:28,680 --> 00:15:30,120 Speaker 2: before told by America. 322 00:15:30,160 --> 00:15:30,360 Speaker 5: Now. 323 00:15:30,960 --> 00:15:33,280 Speaker 2: I'm like, okay, cool, And I was like whatever, you're 324 00:15:33,320 --> 00:15:35,040 Speaker 2: the artist, yeah, yeah, he's like your show. By the way, 325 00:15:35,080 --> 00:15:37,120 Speaker 2: it's a great show. I actually recommend people go and 326 00:15:37,160 --> 00:15:39,240 Speaker 2: watch it. I know it sounds cringe, but genuinely is 327 00:15:39,280 --> 00:15:41,240 Speaker 2: a great show. The songs are fantastic, so it's fun. 328 00:15:41,240 --> 00:15:43,600 Speaker 2: It's we're captivating for two and a half hours. 329 00:15:43,640 --> 00:15:46,200 Speaker 3: And the theater is also much smaller than you would expect. 330 00:15:46,400 --> 00:15:48,840 Speaker 2: You know, when you're there, it felt much more theater 331 00:15:48,960 --> 00:15:51,760 Speaker 2: into It's a lot of fun. Actually, my point, my 332 00:15:51,840 --> 00:15:53,760 Speaker 2: point being, there's a way to do that and just 333 00:15:53,800 --> 00:15:55,320 Speaker 2: be like, yeah, it's not you know, it's sort of 334 00:15:55,560 --> 00:15:57,960 Speaker 2: but but And I think this is where in America, 335 00:15:58,040 --> 00:16:01,040 Speaker 2: I think the idea of a heterogeneous alti racial society 336 00:16:01,120 --> 00:16:04,360 Speaker 2: is much more baked into kind of who we are, whereas. 337 00:16:03,920 --> 00:16:05,320 Speaker 3: In Egypt not so much. 338 00:16:05,400 --> 00:16:08,040 Speaker 2: And that was part of the problem is that they 339 00:16:08,120 --> 00:16:13,120 Speaker 2: were then trying to basically Western explain like American explain 340 00:16:14,760 --> 00:16:17,920 Speaker 2: Egyptian culture to Egyptians, and they were like, no, no, no, no, 341 00:16:18,040 --> 00:16:19,520 Speaker 2: We're not going to be handling this. 342 00:16:19,640 --> 00:16:21,240 Speaker 3: So it's caused a global freak. 343 00:16:21,320 --> 00:16:23,720 Speaker 2: I think they might actually ban it in Egypt exactly, 344 00:16:24,040 --> 00:16:27,600 Speaker 2: which is actually a whole other you know, like who cares, guys, come. 345 00:16:27,440 --> 00:16:31,400 Speaker 4: On, yeah, and I think most people know the barstool 346 00:16:31,480 --> 00:16:35,280 Speaker 4: history of the production of race as a thing. But 347 00:16:35,360 --> 00:16:38,520 Speaker 4: if people don't, you know, it comes from mostly you know, 348 00:16:38,600 --> 00:16:42,080 Speaker 4: South America and the Caribbean after the Spanish and then 349 00:16:42,120 --> 00:16:46,200 Speaker 4: other European colonists came, and it was a way to 350 00:16:46,640 --> 00:16:51,160 Speaker 4: basically implant a hierarchy because you had people who were 351 00:16:51,200 --> 00:16:54,280 Speaker 4: born so you had you know, the highest, the highest 352 00:16:54,320 --> 00:16:57,440 Speaker 4: in the heart hierarchy are Europeans born in Europe who 353 00:16:57,520 --> 00:17:00,720 Speaker 4: have then come over to South America or to the Caribbean. 354 00:17:01,040 --> 00:17:04,639 Speaker 4: Then below that you have Europeans who are born in 355 00:17:04,680 --> 00:17:07,040 Speaker 4: South America and in the Caribbean. But then they have 356 00:17:07,119 --> 00:17:09,000 Speaker 4: their own pride because they're born there and they're calling 357 00:17:09,000 --> 00:17:10,960 Speaker 4: themselves kind of native to this land. 358 00:17:11,280 --> 00:17:14,840 Speaker 5: But then you have intermingling. 359 00:17:13,880 --> 00:17:19,000 Speaker 4: Mestizo mestizo and like you have if you go to 360 00:17:19,040 --> 00:17:23,240 Speaker 4: say Haiti or so there's something like fifteen different lists 361 00:17:23,240 --> 00:17:26,920 Speaker 4: of like all right, if you have you know, one grandfather, 362 00:17:27,040 --> 00:17:30,320 Speaker 4: that's this one, and they became legal. Now, the Haitians 363 00:17:30,400 --> 00:17:32,920 Speaker 4: banned that and tossed it after the revolution. 364 00:17:33,440 --> 00:17:34,720 Speaker 5: But that's kind of where. 365 00:17:34,720 --> 00:17:35,440 Speaker 3: I was about to say. 366 00:17:35,480 --> 00:17:38,640 Speaker 2: I actually recommend Dan Carlin has a series on Haiti 367 00:17:38,760 --> 00:17:41,800 Speaker 2: and the racial obsessiveness. It makes me vomit when I 368 00:17:41,840 --> 00:17:44,760 Speaker 2: listened to it, because you're exactly right. Everything was ordered 369 00:17:44,800 --> 00:17:47,800 Speaker 2: by drops of blood. Like they'd be like, oh, that's 370 00:17:47,840 --> 00:17:51,240 Speaker 2: an octoroon, as in you have one eighth one eighth. 371 00:17:51,160 --> 00:17:52,200 Speaker 3: Of black blood. 372 00:17:52,240 --> 00:17:54,280 Speaker 2: Then they're like, no, that's a quadroon, as in you 373 00:17:54,680 --> 00:17:57,960 Speaker 2: It's like, oh, this is reading. It is literally repulsive 374 00:17:58,000 --> 00:18:02,040 Speaker 2: because that's not only the way that their society was ordered, 375 00:18:02,040 --> 00:18:05,520 Speaker 2: it was the way that money was distributed, and it 376 00:18:05,560 --> 00:18:08,399 Speaker 2: was the way through which power and all of that worked, 377 00:18:08,600 --> 00:18:11,920 Speaker 2: which all was obviously on top of the most horrific 378 00:18:11,920 --> 00:18:15,920 Speaker 2: conditions of slavery literally in the entire world at the time, 379 00:18:15,960 --> 00:18:19,280 Speaker 2: which led to the revolution. What was the name toussa 380 00:18:19,720 --> 00:18:23,720 Speaker 2: I forget, Yeah, the name of the it's like the 381 00:18:23,760 --> 00:18:25,280 Speaker 2: Haitian George Washington, he was. 382 00:18:25,240 --> 00:18:28,840 Speaker 4: Just celebrated in France McCrone went to the prison where 383 00:18:28,880 --> 00:18:29,679 Speaker 4: he died in France. 384 00:18:29,760 --> 00:18:30,960 Speaker 3: Really yeah, oh that's interesting. 385 00:18:31,280 --> 00:18:32,880 Speaker 5: Napoleon went and got him, that's right. 386 00:18:32,960 --> 00:18:37,280 Speaker 2: Yeah, which, actually that's kind of precipitated. Why the Napoleon 387 00:18:37,320 --> 00:18:40,240 Speaker 2: didn't want anything to do with the American colonies Louisiana purchased. 388 00:18:40,240 --> 00:18:42,600 Speaker 3: There's a lot of our own history actually intertwined with that. 389 00:18:42,720 --> 00:18:44,719 Speaker 2: And you're right, I'm glad that you brought that up, 390 00:18:44,720 --> 00:18:46,480 Speaker 2: which is that the way that we think about race 391 00:18:46,800 --> 00:18:51,119 Speaker 2: today is much more a byproduct of the repulsive historical 392 00:18:51,200 --> 00:18:55,880 Speaker 2: legacy of the Spanish and Spanish Spanish and Portugal African 393 00:18:55,920 --> 00:18:59,760 Speaker 2: slave trade than anything that happened, you know, two three thousand. 394 00:19:00,200 --> 00:19:04,359 Speaker 4: If you like, the More of Venice is nobody in 395 00:19:04,440 --> 00:19:08,520 Speaker 4: the play considers the More to be racially inferior. 396 00:19:08,600 --> 00:19:11,080 Speaker 3: Ott point, Yeah, that's true. I haven't thought about that. 397 00:19:11,600 --> 00:19:13,560 Speaker 3: But right around that age of Spanish American. 398 00:19:13,240 --> 00:19:17,320 Speaker 4: People understood that some people had different skin colors, but 399 00:19:17,480 --> 00:19:20,680 Speaker 4: that's not how they judged people. It was more Now, 400 00:19:20,920 --> 00:19:23,679 Speaker 4: there was plenty of tribalism, and you and you might, like, 401 00:19:24,480 --> 00:19:27,920 Speaker 4: you know, have tribalist ideas about the Persians or about 402 00:19:27,960 --> 00:19:31,920 Speaker 4: the Egyptians, but it wasn't. It only became codified by 403 00:19:32,000 --> 00:19:35,840 Speaker 4: skin color thanks to the colonialists over here in the 404 00:19:35,880 --> 00:19:36,880 Speaker 4: North and South America. 405 00:19:37,000 --> 00:19:39,440 Speaker 3: Well, shout out to them. I guess, I guess they're gone. 406 00:19:39,440 --> 00:19:40,200 Speaker 3: I'm glad we're gone. 407 00:19:40,240 --> 00:19:42,160 Speaker 5: But that's why the Egyptians like, what are you talking about? 408 00:19:42,240 --> 00:19:43,720 Speaker 3: Yeah, the Egyptians are like, we don't, we don't do 409 00:19:43,800 --> 00:19:46,080 Speaker 3: this over here. Okay, all right, we'll see you guys later. 410 00:19:49,080 --> 00:19:52,960 Speaker 2: Senator Dianne Feinstein returned to Washington after a three and 411 00:19:53,000 --> 00:19:56,560 Speaker 2: a half month absence. She had missed a lot of votes, Ryan, 412 00:19:56,960 --> 00:20:00,360 Speaker 2: Everyone hoped that she was in good health. And look, 413 00:20:00,440 --> 00:20:02,280 Speaker 2: I want to say this at the top, As I've 414 00:20:02,280 --> 00:20:05,720 Speaker 2: said here many times, I got nothing but compassion for 415 00:20:06,000 --> 00:20:09,480 Speaker 2: elderly people who are in the last days of their lives, 416 00:20:09,760 --> 00:20:12,600 Speaker 2: nothing who are private citizens. But I have nothing but 417 00:20:12,680 --> 00:20:16,280 Speaker 2: discussed for narcissists who are unable to do their jobs, 418 00:20:16,640 --> 00:20:19,560 Speaker 2: who continue to cling onto power. And the photo I'm 419 00:20:19,560 --> 00:20:22,240 Speaker 2: about to show you is genuinely disturbing. This is what 420 00:20:22,280 --> 00:20:24,639 Speaker 2: Senator Feinstein looked like when she got out of the 421 00:20:24,680 --> 00:20:26,560 Speaker 2: car after arriving in Washington. 422 00:20:27,119 --> 00:20:29,359 Speaker 3: I mean, what are we doing here? 423 00:20:29,440 --> 00:20:29,720 Speaker 2: Ryan? 424 00:20:30,200 --> 00:20:33,639 Speaker 3: And this is someone who I mean, she literally. 425 00:20:33,240 --> 00:20:37,359 Speaker 2: Looks like like this, like days away, Like the Queen 426 00:20:37,400 --> 00:20:38,920 Speaker 2: looked better two days before she died. 427 00:20:38,960 --> 00:20:43,800 Speaker 4: If you coupled that image with either an indication or 428 00:20:43,840 --> 00:20:45,400 Speaker 4: even reports of a crisp. 429 00:20:45,119 --> 00:20:48,119 Speaker 2: Mind, yeah, sure, and you'd be like okay, as in, 430 00:20:48,280 --> 00:20:50,680 Speaker 2: she can get better. I don't think so, not looking 431 00:20:50,720 --> 00:20:51,000 Speaker 2: at that. 432 00:20:51,240 --> 00:20:54,520 Speaker 4: Yeah, like this whole get well soon. The person has dementia. 433 00:20:55,000 --> 00:20:59,600 Speaker 4: Now she's also suffering with shingles, which is extraordinarily painful. 434 00:21:00,040 --> 00:21:02,320 Speaker 3: Feel very bad for her. I'm like, please retire. 435 00:21:02,520 --> 00:21:05,440 Speaker 2: You have two hundred million dollars, Go sit in a 436 00:21:05,520 --> 00:21:10,320 Speaker 2: in a palace in a wine country and be surrounded 437 00:21:10,320 --> 00:21:11,160 Speaker 2: by your loved ones. 438 00:21:11,359 --> 00:21:11,560 Speaker 5: Yeah. 439 00:21:11,600 --> 00:21:15,480 Speaker 4: And what makes it doubly important is that she sits 440 00:21:15,480 --> 00:21:20,520 Speaker 4: on the Juiciary Committee exactly, which can't move judicial nominees 441 00:21:20,600 --> 00:21:22,960 Speaker 4: like the one thing that the Biden administration can still 442 00:21:23,000 --> 00:21:27,399 Speaker 4: do unilatterly, because they control the Senate, make nominees the 443 00:21:27,440 --> 00:21:30,280 Speaker 4: executive branch into the jugitial branch, moving through the Juitiary, 444 00:21:30,359 --> 00:21:33,359 Speaker 4: moving through the floor of the Senate. Republicans can't stop 445 00:21:33,400 --> 00:21:37,240 Speaker 4: them because Feinstein's not there on the on the Juiciary Committee, 446 00:21:37,280 --> 00:21:40,399 Speaker 4: everything has been just ground to a halt, and it 447 00:21:40,880 --> 00:21:43,960 Speaker 4: brings to mind for so many people. Ruth Bader Ginsburg, 448 00:21:44,119 --> 00:21:48,679 Speaker 4: who launched you know, an entire girl Boss campaigns in 449 00:21:48,800 --> 00:21:52,840 Speaker 4: twenty eleven twelve thirteen to push back on the pressure 450 00:21:52,840 --> 00:21:56,399 Speaker 4: for her and Bryer to step down as successfully so, 451 00:21:57,040 --> 00:22:00,920 Speaker 4: and as a result, I wound up flip the Supreme Court. 452 00:22:01,000 --> 00:22:03,960 Speaker 2: Yeah, and very likely making sure that roe versus Wade 453 00:22:04,000 --> 00:22:06,960 Speaker 2: was over. I actually fully believe that if it had 454 00:22:07,000 --> 00:22:08,880 Speaker 2: been five to four that Roberts would not have fully 455 00:22:08,920 --> 00:22:11,480 Speaker 2: overturned over Suaede. I think it would have kept some 456 00:22:11,800 --> 00:22:14,880 Speaker 2: remnants of the Casey architecture and they wouldn't be where 457 00:22:14,880 --> 00:22:15,480 Speaker 2: we are today. 458 00:22:15,600 --> 00:22:17,159 Speaker 3: But because it was six three and he would be 459 00:22:17,160 --> 00:22:18,600 Speaker 3: outnumbered anyway, he went ahead and joined. 460 00:22:18,720 --> 00:22:18,880 Speaker 6: Right. 461 00:22:18,960 --> 00:22:22,960 Speaker 4: Yeah, I think you're right that Roberts would be unlikely 462 00:22:23,040 --> 00:22:26,240 Speaker 4: to be the fifth vote for that, but he's happy 463 00:22:26,240 --> 00:22:27,440 Speaker 4: to be the sixth one exactly. 464 00:22:27,480 --> 00:22:28,520 Speaker 3: Well, he's like, that's not on me. 465 00:22:28,680 --> 00:22:31,040 Speaker 5: Right, he doesn't want to be the fourth against it, right, Yeah. 466 00:22:30,800 --> 00:22:33,000 Speaker 3: So yeah, I mean that's the like. I mean, she 467 00:22:33,119 --> 00:22:34,080 Speaker 3: was a narcissist too. 468 00:22:34,119 --> 00:22:36,800 Speaker 2: She said, I'm the notorious even though I've had cancer 469 00:22:36,920 --> 00:22:39,400 Speaker 2: like five times, and I'm going to die on the bench. 470 00:22:39,440 --> 00:22:42,359 Speaker 2: And as a result, fulfilled with the greatest legacy and 471 00:22:42,400 --> 00:22:44,560 Speaker 2: the greatest dreams of the pro life movement and of 472 00:22:44,600 --> 00:22:46,720 Speaker 2: the conservative movement. So I guess you know, for them, 473 00:22:46,760 --> 00:22:49,479 Speaker 2: they're like, yeah, RBG is a hero, just not the 474 00:22:49,520 --> 00:22:51,600 Speaker 2: hero though that the liberals wanted. 475 00:22:51,320 --> 00:22:51,719 Speaker 3: To make her. 476 00:22:51,760 --> 00:22:53,720 Speaker 2: And this is the thing too about Feinstein put this 477 00:22:53,800 --> 00:22:54,480 Speaker 2: up there on the screen. 478 00:22:54,760 --> 00:22:55,639 Speaker 3: She says, quote. 479 00:22:55,680 --> 00:22:58,600 Speaker 2: Even though I've made significant progress and was able to 480 00:22:58,600 --> 00:23:02,160 Speaker 2: return to Washington, I'm still experiencing some side effects from 481 00:23:02,160 --> 00:23:05,119 Speaker 2: the shingles virus. My doctors have advised me to work 482 00:23:05,160 --> 00:23:07,200 Speaker 2: a lighter schedule as I returned to the Senate. 483 00:23:07,600 --> 00:23:11,320 Speaker 3: What is a lighter schedule from zero from zero? 484 00:23:11,560 --> 00:23:15,880 Speaker 2: And also, you're a senator, you're barely within your right mind. 485 00:23:16,440 --> 00:23:18,600 Speaker 3: She ain't working that hard, all right, She ain't going anywhere. 486 00:23:18,600 --> 00:23:20,960 Speaker 4: What's she doing all I mean, you know, within the 487 00:23:21,040 --> 00:23:23,480 Speaker 4: last several years, when you would talk to her in 488 00:23:23,520 --> 00:23:26,760 Speaker 4: the hallway, her staff would constantly have to remind her 489 00:23:27,680 --> 00:23:30,680 Speaker 4: of what you're asking about, what. 490 00:23:30,600 --> 00:23:32,040 Speaker 3: You're asking about, what you're doing. 491 00:23:32,119 --> 00:23:34,320 Speaker 2: Remember, she didn't remember that they put out a statement 492 00:23:34,359 --> 00:23:37,160 Speaker 2: saying she wasn't going to run again. She literally didn't 493 00:23:37,160 --> 00:23:39,879 Speaker 2: write fort She didn't know what was going on. So 494 00:23:40,240 --> 00:23:44,119 Speaker 2: look in the farce, it's not right. There's forty million 495 00:23:44,160 --> 00:23:47,520 Speaker 2: people who live in California. They deserve representation. 496 00:23:47,800 --> 00:23:49,760 Speaker 3: And some conservatives are like, why are you cheering for this? 497 00:23:49,920 --> 00:23:52,280 Speaker 3: Here's the thing. Look, California's gonna liket a Democrat anyway. 498 00:23:52,520 --> 00:23:55,680 Speaker 2: And my point is that it's not fair to those 499 00:23:55,720 --> 00:24:00,760 Speaker 2: people who need constituent services. They need someone in their 500 00:24:00,760 --> 00:24:03,600 Speaker 2: corner fight, Like right now, you only have the junior senator. 501 00:24:03,600 --> 00:24:05,679 Speaker 3: If you had somebody with her level of seniority, she 502 00:24:05,680 --> 00:24:06,600 Speaker 3: can make stuff move. 503 00:24:06,680 --> 00:24:08,879 Speaker 2: Man, if you're a California business, you got a problem 504 00:24:08,880 --> 00:24:11,000 Speaker 2: with the tariff, she'll call the agency. All you're back 505 00:24:11,000 --> 00:24:14,200 Speaker 2: you probably used to fifteen years ago today Nope, And 506 00:24:14,560 --> 00:24:18,800 Speaker 2: that is fundamentally wrong in terms of representations. She got 507 00:24:18,800 --> 00:24:21,920 Speaker 2: forty million constituents, the biggest state in the Union, in 508 00:24:21,960 --> 00:24:24,720 Speaker 2: the whole country. They got gas problems, they got housing problems, 509 00:24:24,760 --> 00:24:26,879 Speaker 2: they got so much going on. You deserve somebody in 510 00:24:26,920 --> 00:24:28,480 Speaker 2: the chamber who's actually doing something. 511 00:24:28,840 --> 00:24:28,959 Speaker 5: Right. 512 00:24:29,000 --> 00:24:33,280 Speaker 4: If you add up you know North Dakota, South Dakota, Wyoming, Idaho, 513 00:24:33,400 --> 00:24:38,280 Speaker 4: there's eight eight serving senators for like seventeen people. That's right, 514 00:24:38,320 --> 00:24:42,200 Speaker 4: And California with what sixty seventy million. 515 00:24:42,680 --> 00:24:44,560 Speaker 2: That's like one it's I think it's thirty nine million, 516 00:24:44,880 --> 00:24:47,280 Speaker 2: whatever it was, I mean a lot, right, Yeah, it's 517 00:24:47,280 --> 00:24:48,800 Speaker 2: like almost ten percent in iron Nation. 518 00:24:49,160 --> 00:24:51,240 Speaker 4: I remember when I first started covering the Senate in 519 00:24:51,240 --> 00:24:54,680 Speaker 4: two thousand and six seven, there was a senator from Mississippi. 520 00:24:55,040 --> 00:24:56,240 Speaker 5: I think it was that Cockran, it. 521 00:24:56,280 --> 00:24:58,400 Speaker 3: Was Thatad Cochran. He actually resigned because I had dementia. 522 00:24:58,520 --> 00:24:59,280 Speaker 5: Yeah, he would. 523 00:24:59,320 --> 00:25:03,600 Speaker 4: You would see him and wandering He's like just wandering 524 00:25:03,600 --> 00:25:05,679 Speaker 4: around the Senate like because he'd been there since the 525 00:25:05,800 --> 00:25:08,560 Speaker 4: forties or sessing right, Yeah, he'd been yeah, very very 526 00:25:08,560 --> 00:25:10,640 Speaker 4: and it was clear that he was just completely out 527 00:25:10,640 --> 00:25:12,919 Speaker 4: of it. And eventually it took a long time, but 528 00:25:12,960 --> 00:25:14,360 Speaker 4: eventually they're like, look. 529 00:25:14,280 --> 00:25:16,440 Speaker 2: And you and I missed the whole strom Thermon thing, 530 00:25:16,480 --> 00:25:18,680 Speaker 2: who one hundred and also was gone. 531 00:25:18,720 --> 00:25:19,879 Speaker 3: He was totally gone. 532 00:25:20,280 --> 00:25:22,879 Speaker 2: From everybody I've spoken to who knew and interacted with 533 00:25:22,920 --> 00:25:25,639 Speaker 2: strom Thurmond in his later years, they're like, he was 534 00:25:26,000 --> 00:25:29,080 Speaker 2: basically a living corpse. And guess what that also wasn't 535 00:25:29,119 --> 00:25:32,479 Speaker 2: right either, and put his own personal history or whatever aside. Right, 536 00:25:32,600 --> 00:25:34,639 Speaker 2: that still is not right to the people who he 537 00:25:34,800 --> 00:25:35,240 Speaker 2: was serving. 538 00:25:35,320 --> 00:25:37,719 Speaker 3: It's not you know. I mean, look at Chuck Grassley, 539 00:25:37,760 --> 00:25:39,840 Speaker 3: he's like, what ninety years old at. 540 00:25:39,840 --> 00:25:42,919 Speaker 4: Least he when you talked to him in the hallway, 541 00:25:42,960 --> 00:25:45,679 Speaker 4: he's he's not who he used to be. Yeah, but 542 00:25:45,960 --> 00:25:47,320 Speaker 4: you can tell he's totally. 543 00:25:47,119 --> 00:25:47,760 Speaker 3: That still with it. 544 00:25:47,840 --> 00:25:49,960 Speaker 5: Yeah, I don't know about that, you don't think. 545 00:25:49,880 --> 00:25:52,520 Speaker 2: So listen, I'm well all me and ages if you want. 546 00:25:52,560 --> 00:25:55,000 Speaker 2: The thing is he could be gone tomorrow given the 547 00:25:55,000 --> 00:25:55,960 Speaker 2: way that these things work. 548 00:25:56,040 --> 00:25:58,120 Speaker 5: Yes, and also you have good days and bad days. 549 00:25:58,160 --> 00:26:03,120 Speaker 2: Yeah, exactly, So fine, scene, it's time to go. We'll 550 00:26:03,119 --> 00:26:03,760 Speaker 2: see you guys later. 551 00:26:06,600 --> 00:26:10,640 Speaker 1: You've probably seen headlines like this, lack of financial literacy 552 00:26:10,720 --> 00:26:14,200 Speaker 1: cost fifteen percent of adults at least ten dollars in 553 00:26:14,240 --> 00:26:17,719 Speaker 1: twenty twenty two. Financial literacy is essentially the idea that 554 00:26:17,760 --> 00:26:21,160 Speaker 1: if you understand the mechanics of personal finance, you will 555 00:26:21,160 --> 00:26:25,120 Speaker 1: make better financial decisions and have a more prosperous life. 556 00:26:25,359 --> 00:26:29,760 Speaker 1: You might be thinking that sounds like neoliberal nonsense. The 557 00:26:29,800 --> 00:26:33,040 Speaker 1: problem is not that people don't understand money, it's that 558 00:26:33,359 --> 00:26:36,040 Speaker 1: they don't make enough money. And you're definitely right, You're 559 00:26:36,040 --> 00:26:39,439 Speaker 1: totally right about that. People who write headlines like financial 560 00:26:39,480 --> 00:26:43,880 Speaker 1: illiteracy is an epidemic should all be uniformly ignored they 561 00:26:44,040 --> 00:26:46,399 Speaker 1: do not get it. But as I researched this, I 562 00:26:46,440 --> 00:26:50,960 Speaker 1: realized financial literacy doesn't have to be a completely stupid idea. 563 00:26:51,080 --> 00:26:54,919 Speaker 1: It might even be worth taking seriously in the right context. 564 00:26:55,400 --> 00:27:02,800 Speaker 1: Here's what I mean. If you don't have enough money, 565 00:27:03,359 --> 00:27:06,240 Speaker 1: decrease your expenses and then your money will go further. 566 00:27:06,320 --> 00:27:06,520 Speaker 7: Gy. 567 00:27:06,600 --> 00:27:10,160 Speaker 1: If you don't have enough money, try spending less money. Now, 568 00:27:10,240 --> 00:27:13,320 Speaker 1: when I think of the topic of financial literacy, I 569 00:27:13,400 --> 00:27:17,520 Speaker 1: think of Charlatan's like her, people who totally discount systemic 570 00:27:17,560 --> 00:27:20,720 Speaker 1: reasons for financial woes and instead write about things like 571 00:27:21,080 --> 00:27:24,439 Speaker 1: lifestyle creep, which is basically going out to dinner too 572 00:27:24,520 --> 00:27:27,600 Speaker 1: much as a core reason. So many people are living 573 00:27:27,720 --> 00:27:31,200 Speaker 1: paycheck to paycheck. You see this in annoying articles asking 574 00:27:31,400 --> 00:27:34,480 Speaker 1: are you financially literate? Here are seven signs You're on 575 00:27:34,560 --> 00:27:37,400 Speaker 1: the right track, or baiting you into reading about how 576 00:27:37,720 --> 00:27:42,040 Speaker 1: financial literacy matters for your retirement savings, as if knowing 577 00:27:42,320 --> 00:27:44,760 Speaker 1: just how to work the numbers is going to matter 578 00:27:44,800 --> 00:27:47,679 Speaker 1: as much as simply making enough money, and the advice 579 00:27:47,720 --> 00:27:49,440 Speaker 1: they give is often. 580 00:27:49,200 --> 00:27:50,840 Speaker 3: Frustrating and demeaning. 581 00:27:51,200 --> 00:27:54,240 Speaker 1: Credit cards and loans might seem like easy solutions to 582 00:27:54,280 --> 00:27:57,640 Speaker 1: our money problems, not knowing how to manage them wisely 583 00:27:57,880 --> 00:28:01,800 Speaker 1: can often leave you struggling. Financial literacy, you can better 584 00:28:01,920 --> 00:28:04,600 Speaker 1: understand the terms and conditions. Well, dam are you telling 585 00:28:04,680 --> 00:28:07,200 Speaker 1: me that by financing my lifestyle with credit cards that 586 00:28:07,240 --> 00:28:10,600 Speaker 1: I'm only able to pay off with other subsequent credit cards, 587 00:28:10,800 --> 00:28:14,240 Speaker 1: thus commencing and anexorable accumulation of debt that I have 588 00:28:14,359 --> 00:28:17,240 Speaker 1: no hope of ever escaping. Are you saying that that's 589 00:28:17,440 --> 00:28:21,560 Speaker 1: ill advised somehow? Because apparently only twenty four percent of 590 00:28:21,560 --> 00:28:25,679 Speaker 1: American adults have a basic understanding of financial literacy, and 591 00:28:25,760 --> 00:28:27,639 Speaker 1: I may not be one of them. But when they 592 00:28:27,680 --> 00:28:31,919 Speaker 1: say financial literacy, what exactly do they mean? Because the 593 00:28:32,040 --> 00:28:36,159 Speaker 1: annoying advice money gurus give is pretty different from the 594 00:28:36,280 --> 00:28:41,240 Speaker 1: questions that researchers ask to actually measure financial literacy. Now, 595 00:28:41,360 --> 00:28:44,680 Speaker 1: personal finance training as part of US policy goes back 596 00:28:44,720 --> 00:28:46,200 Speaker 1: to at least the fifties. 597 00:28:46,480 --> 00:28:48,640 Speaker 4: Yes, Ralph has a budget and a method of saving 598 00:28:48,680 --> 00:28:49,600 Speaker 4: the shows results. 599 00:28:49,680 --> 00:28:53,440 Speaker 1: There was even a Financial Literacy and Education Commission established 600 00:28:53,440 --> 00:28:56,440 Speaker 1: in two thousand and three. This is an ongoing concern 601 00:28:56,560 --> 00:28:59,680 Speaker 1: of the government. We actually spend a quarter billion dollars 602 00:28:59,720 --> 00:29:01,840 Speaker 1: a year. You're on this and if you think some 603 00:29:01,920 --> 00:29:04,720 Speaker 1: of that money is being wasted, you are not wrong, 604 00:29:04,920 --> 00:29:07,560 Speaker 1: because some of that money went to the FDIC to 605 00:29:07,640 --> 00:29:09,520 Speaker 1: create this horrible game. 606 00:29:10,080 --> 00:29:14,520 Speaker 5: Select around to start earning coins. Welcome to round one. 607 00:29:14,840 --> 00:29:18,040 Speaker 7: You may want to save money for your goals, to 608 00:29:18,160 --> 00:29:22,720 Speaker 7: build wealth, for emergencies, to cover times when you have 609 00:29:22,840 --> 00:29:25,440 Speaker 7: less income or more expenses, And. 610 00:29:25,440 --> 00:29:28,520 Speaker 1: Of course the banks are in on this too. Resolutions 611 00:29:28,520 --> 00:29:32,160 Speaker 1: were just passed in Congress making April financial literacy month. 612 00:29:32,480 --> 00:29:35,960 Speaker 1: You just missed the barbecues, And this was supported by 613 00:29:36,000 --> 00:29:40,560 Speaker 1: the Credit Union National Association. Well wait, banks are fans 614 00:29:40,600 --> 00:29:44,640 Speaker 1: of financial literacy. Wouldn't it benefit them to have financially 615 00:29:45,040 --> 00:29:49,680 Speaker 1: illiterate customers. Turns out there are huge believers in education. 616 00:29:49,880 --> 00:29:53,400 Speaker 1: Charles Schwab helps bring financial literacy to kids as young 617 00:29:53,600 --> 00:29:56,560 Speaker 1: as four or five. Here are a bunch of teachers 618 00:29:56,560 --> 00:30:00,400 Speaker 1: submitted lesson plans you can borrow to teach your third 619 00:30:00,480 --> 00:30:05,880 Speaker 1: grader about sustainable financing. Bank of America volunteers helped Boys 620 00:30:05,920 --> 00:30:09,520 Speaker 1: and Girls Club interns learn about budgeting and saving. Golden 621 00:30:09,600 --> 00:30:14,160 Speaker 1: Sachs donates five hundred thousand dollars to Youth Financial Literacy Initiative. 622 00:30:14,760 --> 00:30:18,240 Speaker 1: Of course banks do this, it's positive pr and it 623 00:30:18,280 --> 00:30:21,720 Speaker 1: helps teach kids that being poor is their fault for 624 00:30:21,880 --> 00:30:24,480 Speaker 1: not knowing how to balance a checkbook. Do you think 625 00:30:24,480 --> 00:30:26,920 Speaker 1: they should teach things like balancing a checkbook? 626 00:30:26,960 --> 00:30:29,640 Speaker 2: We don't even teach kids how to balance a checkbook balancing. 627 00:30:29,240 --> 00:30:31,520 Speaker 1: A checkbook, But I do keep teaching my kids how 628 00:30:31,520 --> 00:30:34,200 Speaker 1: to balance a checkbook. No, we don't teach people literally 629 00:30:34,200 --> 00:30:37,000 Speaker 1: how to balance a checkbook, because that was made obsolete 630 00:30:37,120 --> 00:30:41,480 Speaker 1: with online banking. But we do teach financial literacy. Now, 631 00:30:41,480 --> 00:30:44,120 Speaker 1: the US spends a quarter billion dollars a year on this. 632 00:30:44,720 --> 00:30:46,560 Speaker 1: That's not much in the grand scheme of things, but 633 00:30:46,600 --> 00:30:49,840 Speaker 1: it's almost double, for example, the National Endowment for the Arts, 634 00:30:50,120 --> 00:30:54,280 Speaker 1: And that is quite unfortunate because apparently financial literacy training 635 00:30:54,840 --> 00:30:59,440 Speaker 1: doesn't really work. Loyola Law School professor Lauren Willis concludes 636 00:30:59,480 --> 00:31:04,320 Speaker 1: that financial education does not demonstrably improve financial wellbeing, and 637 00:31:04,360 --> 00:31:06,880 Speaker 1: a meta analysis of more than two hundred studies found 638 00:31:06,880 --> 00:31:11,040 Speaker 1: that educational interventions explain only zero point one percent of 639 00:31:11,080 --> 00:31:13,240 Speaker 1: the financial behaviors studied. 640 00:31:13,600 --> 00:31:14,360 Speaker 3: Also, as far as. 641 00:31:14,320 --> 00:31:17,040 Speaker 1: I can tell, we don't even know how much money 642 00:31:17,080 --> 00:31:21,320 Speaker 1: is actually lost to financial illiteracy. If you're looking up 643 00:31:21,320 --> 00:31:25,080 Speaker 1: figures on financial literacy, you will very likely come across 644 00:31:25,320 --> 00:31:28,680 Speaker 1: this report that estimates three hundred and fifty two billion 645 00:31:28,760 --> 00:31:31,840 Speaker 1: dollars were lost to financial illiteracy in twenty twenty one. 646 00:31:32,080 --> 00:31:34,280 Speaker 1: The two articles I reference in the intro for this 647 00:31:34,400 --> 00:31:38,440 Speaker 1: video referenced that report. The report is from the National 648 00:31:38,480 --> 00:31:42,240 Speaker 1: Financial Educator's Council, and how they conducted the study was 649 00:31:42,280 --> 00:31:47,080 Speaker 1: by asking people one question during the past year about 650 00:31:47,240 --> 00:31:49,680 Speaker 1: how much money do you think you lost because you 651 00:31:49,800 --> 00:31:54,280 Speaker 1: lacked knowledge about personal finances. They then multiplied the average 652 00:31:54,320 --> 00:31:56,440 Speaker 1: amount by the two hundred and fifty million adults in 653 00:31:56,480 --> 00:31:58,800 Speaker 1: the US, and that's how we have three hundred and 654 00:31:58,800 --> 00:32:03,080 Speaker 1: fifty two billion. So the question is, one, how reliable 655 00:32:03,120 --> 00:32:07,040 Speaker 1: are these personal reports? And two are people losing money 656 00:32:07,200 --> 00:32:10,160 Speaker 1: because they're not financially literate or are people losing money 657 00:32:10,200 --> 00:32:13,280 Speaker 1: because they were maybe bilked? Or how many people feel 658 00:32:13,320 --> 00:32:16,800 Speaker 1: like they lost money because they lack personal finance education, 659 00:32:16,920 --> 00:32:20,080 Speaker 1: but actually it's because they simply didn't have enough money 660 00:32:20,200 --> 00:32:22,880 Speaker 1: and there was no way to avoid the overdraft fee 661 00:32:22,960 --> 00:32:25,000 Speaker 1: or paying interest on a credit card or whatever. 662 00:32:25,360 --> 00:32:26,800 Speaker 3: We have no idea. 663 00:32:27,560 --> 00:32:31,760 Speaker 1: According to this report, a common financial illiteracy mistake is 664 00:32:31,840 --> 00:32:36,960 Speaker 1: luxury spending. Apparently, luxury spending costs Americans sixty five billion dollars. 665 00:32:37,480 --> 00:32:39,640 Speaker 1: Scroll down to the section on luxury spending, and all 666 00:32:39,640 --> 00:32:42,480 Speaker 1: it says is that Americans spent sixty five billion dollars 667 00:32:42,560 --> 00:32:45,480 Speaker 1: on luxury items in twenty twenty. It offers no insight 668 00:32:45,760 --> 00:32:48,360 Speaker 1: as to what percentage of that sixty five billion was 669 00:32:48,400 --> 00:32:51,000 Speaker 1: spent by people who couldn't afford what they were buying. 670 00:32:51,320 --> 00:32:53,920 Speaker 1: And then it offers some wisdom. While you may need 671 00:32:53,960 --> 00:32:57,800 Speaker 1: a purse, do you really need a Louis Vaton? Scroll 672 00:32:57,840 --> 00:33:02,120 Speaker 1: a little further down Personal Impact on Financial illiteracy. Twenty 673 00:33:02,200 --> 00:33:05,000 Speaker 1: nine point six percent of Americans are in poverty or 674 00:33:05,040 --> 00:33:09,200 Speaker 1: low income, but they established no concrete relationship between these 675 00:33:09,240 --> 00:33:12,320 Speaker 1: two things. This could just as easily be Tomm DeLong 676 00:33:12,440 --> 00:33:15,360 Speaker 1: leaves blank tweent eighty two. Twenty nine point six percent 677 00:33:15,360 --> 00:33:18,080 Speaker 1: of Americans are in poverty or low income. Well, thank 678 00:33:18,160 --> 00:33:22,440 Speaker 1: god he rejoined the band. Clearly, this report is problematic, 679 00:33:22,760 --> 00:33:26,120 Speaker 1: but somehow its results are finding their way into mainstream 680 00:33:26,200 --> 00:33:31,640 Speaker 1: outlets like CNBC and Yahoo. And finally, what actually constitutes 681 00:33:31,720 --> 00:33:36,320 Speaker 1: financial literacy? These are known as the Big Five questions 682 00:33:36,440 --> 00:33:40,000 Speaker 1: for financial literacy. You can pause the video and read them, 683 00:33:40,040 --> 00:33:42,720 Speaker 1: but something tells me that regardless of whether or not 684 00:33:42,800 --> 00:33:46,160 Speaker 1: you know the relationship between bond prices and interest rates. 685 00:33:46,520 --> 00:33:48,480 Speaker 1: It's not going to be enough to lift you out 686 00:33:48,480 --> 00:33:51,000 Speaker 1: of a low age job, Okay, But if we take 687 00:33:51,200 --> 00:33:54,120 Speaker 1: a slightly more serious approach to this, it is possible. 688 00:33:54,400 --> 00:33:56,920 Speaker 1: But the sense of public urgency over the level of 689 00:33:56,960 --> 00:33:59,840 Speaker 1: financial literacy in the population is a reaction to a 690 00:34:00,080 --> 00:34:04,560 Speaker 1: greater personal financial responsibility in the face of increasingly complicated 691 00:34:04,600 --> 00:34:08,400 Speaker 1: financial products. When I started asking people about this, no 692 00:34:08,440 --> 00:34:11,440 Speaker 1: one told me they wish they were taught the concept 693 00:34:11,440 --> 00:34:14,319 Speaker 1: of saving money earlier. No one said they wish that 694 00:34:14,520 --> 00:34:18,480 Speaker 1: risk diversification had been more emphasized in kindergarten. People told me, 695 00:34:18,520 --> 00:34:21,680 Speaker 1: actually that essentially they wish they had been warned and 696 00:34:21,760 --> 00:34:25,400 Speaker 1: upon leaving high school, maybe gotten some practical lessons on 697 00:34:25,640 --> 00:34:29,880 Speaker 1: navigating a predatory financial system. And if people were interested 698 00:34:29,880 --> 00:34:33,960 Speaker 1: in reframing personal finance education like that, that's obviously not 699 00:34:34,000 --> 00:34:36,799 Speaker 1: a solve for the predatory system itself. But I don't 700 00:34:36,840 --> 00:34:40,960 Speaker 1: think that is a completely ridiculous idea. But the fantasy 701 00:34:41,000 --> 00:34:44,400 Speaker 1: that some people have that financial literacy is the antidote 702 00:34:44,400 --> 00:34:47,760 Speaker 1: to poverty, as if poor people just missed the lesson 703 00:34:47,800 --> 00:34:51,760 Speaker 1: on budgeting is idiotic and wrong. All to speak about 704 00:34:52,080 --> 00:34:56,240 Speaker 1: using your money to maximize wealth or differentiating between needs 705 00:34:56,280 --> 00:35:00,160 Speaker 1: and wants. That's all just worthless because in reality, the 706 00:35:00,239 --> 00:35:03,440 Speaker 1: actual need we have for personal finance training should be 707 00:35:03,440 --> 00:35:07,799 Speaker 1: held up to emphasize how opaque and cruel and unequal 708 00:35:08,040 --> 00:35:11,719 Speaker 1: the financial system is to the average person. And that 709 00:35:11,760 --> 00:35:13,720 Speaker 1: will do it for me. If you found this video interesting, 710 00:35:13,760 --> 00:35:16,120 Speaker 1: make sure you are subscribed to Breaking Points. It costs 711 00:35:16,160 --> 00:35:19,160 Speaker 1: you nothing. You can also check out my YouTube channel 712 00:35:19,200 --> 00:35:21,440 Speaker 1: where I talk all about media and politics and other things. 713 00:35:21,880 --> 00:35:25,640 Speaker 1: Link and description, liking and sharing always helps. Thank you 714 00:35:25,719 --> 00:35:28,440 Speaker 1: so much to Breaking Points. Thank you for watching, and 715 00:35:28,640 --> 00:35:41,200 Speaker 1: I will see you in the next one.