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Speaker 1: Hey, guys, ready or not, twenty twenty four is here,

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Speaker 1: and we here at breaking points, are already thinking of

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Speaker 1: ways we can up our game for this critical election.

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Speaker 1: We rely on our premium subs to expand coverage, upgrade

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Speaker 1: the studio ad staff give you, guys, the best independent

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Speaker 1: coverage that is possible. If you like what we're all about,

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Speaker 1: it just means the absolute world to have your support.

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Speaker 1: But enough with that, let's get to the show. Good morning, everybody,

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Speaker 1: Happy Thursday. We have an amazing show for everybody today.

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Speaker 1: What do we have, Krystal, indeed we do. Nice to

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Speaker 1: have us both back in the studio. Everyone on, Everyone

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Speaker 1: in the household has recovered now. I think we're on

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Speaker 1: the other side of this thing. So hopefully I don't

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Speaker 1: infect anybody here today, because I wouldn't wish this plague

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Speaker 1: got my worst at I mean, all right, so let's

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Speaker 1: to get to you this morning. Some new kind of

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Speaker 1: perplexing news about potential Trump indictment seems to be sort

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Speaker 1: of less certain than it was initially presented. Certainly the

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Speaker 1: timing is way different than it was initially presented, so

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Speaker 1: talk about that. Also, some breaking news just this morning,

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Speaker 1: Russia has arrested a Wall Street journal journalist. We will

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Speaker 1: tell you everything we know about that situation. There's also

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Speaker 1: some breaking news about Ukraine and out of the UN

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Speaker 1: Security Council, they actually voted down an independent investigation into

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Speaker 1: who exactly blew up the North Stream pipeline, So we

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Speaker 1: will tell you about that. We also have counterpoints covered

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Speaker 1: this yesterday, but we wanted to get into the details

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Speaker 1: on this as well. That TikTok ban goes way further

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Speaker 1: than also how it was presented and described to the

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Speaker 1: American public, so we wanted to talk about that. Got

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Speaker 1: some updates on some big bank alleged crime. Jamie Diamond

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Speaker 1: is going to be forced to testify with regard to

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Speaker 1: his bank's relationship with Jeffrey Epstein. We also have Credit

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Speaker 1: Sweet being accused once again of helping wealthy Americans evade taxes.

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Speaker 1: And Elon Musk has revealed what he thinks Twitter's valuation is.

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Speaker 1: It is way less than when he initially acquired it.

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Speaker 1: Also very excited to have a worker organizer from Starbucks,

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Speaker 1: from that original Buffalo Starbucks that was the first one

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Speaker 1: to unionize, to react to those explosive hearings yesterday with

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Speaker 1: the former Starbucks CEO Howard Schultz. Yes, that's right, so

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Speaker 1: last it gets to you today. But before any of that,

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Speaker 1: Spotify Spotify, don't forget folks, you can watch the full

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Speaker 1: rave reviews about being able to watch it in the

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Speaker 1: app and then toggle back between audio if they want to,

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Speaker 1: So thank you, really good, that's fun. You like it?

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Speaker 1: I mean, if speed is your priority, like you want

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Speaker 1: to be able to watch it as soon as humanly possible,

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Speaker 1: YouTube is still your best bet. But the experience is

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Speaker 1: really nice and people have really been enjoying that. So

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Speaker 1: if you are not a premium subscriber Breakingpoints dot Com,

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Speaker 1: of how to get that all set up. All right,

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Speaker 1: all right, let's start with what is happening with the

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Speaker 1: former president. So you will recall that he put out

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Speaker 1: a sort of bombshell truth social post whatever you call

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Speaker 1: them truth, saying that he was imminently going to be

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Speaker 1: arrested over these Stormy Daniel's hush money payments. And to

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Speaker 1: be fair, this came in the wake of reporting I

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Speaker 1: believe it was from NBC News that in indictment was

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Speaker 1: expected to be imminent in the next days or week.

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Speaker 1: Well then we got okay, the grand Jury's actually not

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Speaker 1: going to meet today. Okay, they're not going to meet tomorrow. Okay,

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Speaker 1: they're not going to meet Monday. And now here we

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Speaker 1: are on Thursday, like two weeks later, and we get

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Speaker 1: this news. Let's put this up on the screen. They're

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Speaker 1: apparently set to break for a whole month. Now let

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Speaker 1: me give you the details here, because I don't know

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Speaker 1: what to make of it. They're claiming like, oh, don't

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Speaker 1: read into anything. This doesn't really mean anything, but it's

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Speaker 1: hard not to read some things into this. So they say,

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Speaker 1: the Manhattan Grand Jury examining Donald Trump's alleged role in

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Speaker 1: a hush money payment to a porn star is not

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Speaker 1: expected to hear evidence in the case for the next month, largely,

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Speaker 1: they say due to a previously scheduled hiatus. According to

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Speaker 1: a person familiar, the break would push any indictment of

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Speaker 1: the former president to late April at the earliest, although

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Speaker 1: it's possible the grand jury schedule could change. In recent weeks,

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Speaker 1: the Manhattan District Attorney's office has not convened the panel

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Speaker 1: on certain days, but it is DA Alvin Bragg's prerogative

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Speaker 1: to ask the grand jury to reconvene if prosecutors want

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Speaker 1: the panel to meet during previously planned breaks. So basically

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Speaker 1: what that says is it's really up to Alvin Bragg

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Speaker 1: if he wants to call them back, even though they

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Speaker 1: had this previously scheduled hiatus. He can certainly do that.

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Speaker 1: They go on to say the grand jury, which her

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Speaker 1: testimony in the Trump case on Monday is not meaning Wednesday,

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Speaker 1: is expected to examine evidence in a separate matter on Thursday.

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Speaker 1: That would be today. The grand jury, which typically meets Monday, Wednesday,

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Speaker 1: and Thursday, is scheduled to consider a different case next

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Speaker 1: week on Monday and Wednesday, and then they're not expected

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Speaker 1: to meet Thursday due to the Passover holiday, and then

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Speaker 1: the next two weeks are supposed to be a hiatus

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Speaker 1: that was previously scheduled. So that's what we know about this.

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Speaker 1: You know, you could read into it. Maybe this indictment

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Speaker 1: wasn't as much of a slam dug as they thought.

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Speaker 1: Maybe Trump's strategy, which I think from a political perspective,

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Speaker 1: was actually incredibly savvy to get out in front and

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Speaker 1: start making the public case at a time when prosecutors,

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Speaker 1: because of the required silence during the grand jury process,

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Speaker 1: can't make the opposing case. Maybe that complicated the situation.

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Speaker 1: Who knows what's going on, and maybe they're going to

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Speaker 1: still indict in but just it's going to take longer

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Speaker 1: than we were initially presented. Don't really know what to

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Speaker 1: make of it exactly. I mean, the more I think

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Speaker 1: about it, the more it would make sense a couple

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Speaker 1: of ways. A, it was just never going to happen.

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Speaker 1: He got winto the grand jury and he tweeted it,

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Speaker 1: kind of igniting a media thing. That's possible. But because

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Speaker 1: of the way that the grand jury and all of

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Speaker 1: it was being presented, at least through the leaks, was

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Speaker 1: they're like, well, we only have a couple more witnesses

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Speaker 1: that we need to interview, and it's like, well, okay,

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Speaker 1: but if that was the case, they could have sped

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Speaker 1: it up. I actually think, Crystal, it's very possible that

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Speaker 1: the Manhattan DA and the DA's office took a lot

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Speaker 1: of the political consideration that a lot of Democrats privately

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Speaker 1: have been talking about, which is, yeah, maybe this isn't

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Speaker 1: the one you want to start with. They're like, maybe

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Speaker 1: we want to start with January six or we want

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Speaker 1: to start with the Fulton County Yeah, Granduate, which is

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Speaker 1: far more in line politically with where the American people

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Speaker 1: view the most damning view of Trump, And so with

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Speaker 1: this one, they're like, I'm just not sure that this

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Speaker 1: is really the one that you want to ignite, like

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Speaker 1: basically a constitutional political crisis over rather than one where

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Speaker 1: you not even necessarily have him dead to rights. But

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Speaker 1: on the merits, like majority of Americans agree that Trump

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Speaker 1: did not act well on January sixth, and so it

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Speaker 1: would be much more amenable to, at the very least

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Speaker 1: like an investigation and or some sort of prosecution. I

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Speaker 1: think that's very possible that that's why they are either

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Speaker 1: taking the break. We shall also remember you know, the

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Speaker 1: grand jury, they don't just hear this case like they

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Speaker 1: have a lot of other cases that they have to hear,

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Speaker 1: So taking a break a for a month and b

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Speaker 1: considering that when they come back, it's like this is

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Speaker 1: the only thing that they could consider well, giving that month.

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Speaker 1: At the same time that we know, which we're going

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Speaker 1: to talk about in a little bit, about the fact

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Speaker 1: that Mike Pence is being called for federal prosecutors to

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Speaker 1: be questioned about the January sixth investigation and all those

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Speaker 1: other ones which are probably a lot more politically damaging

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Speaker 1: against Trump. I can't help but think that it was

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Speaker 1: probably a smart move of him to come out in

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Speaker 1: front of this in the very first place. It was

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Speaker 1: definitely smart. There actually is a new Fox News poll

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Speaker 1: that just at least I just saw it drop last night. Yeah,

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Speaker 1: that has him surging to fifty percent yes in the

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Speaker 1: primary poll and DeSantis, I think, is down at twenty

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Speaker 1: four and that represents significant erosion for Desanta's, significant surge

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Speaker 1: for Trump, and the polster who conducted it actively said

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Speaker 1: this potential indictment has been very good for Donald Trump.

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Speaker 1: My initial instinct was exactly the same as yours. Saccer

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Speaker 1: that it wasn't so much in terms of Alvin Bragg's

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Speaker 1: decision making here and how he is because he's really

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Speaker 1: controlling the process and the timing and how this all

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Speaker 1: plays out. So it made sense to me that perhaps

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Speaker 1: some Democrats who have expressed some uneasiness about the fact

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Speaker 1: that this is the initial indictment to come out, perhaps

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Speaker 1: that swayed him at least in terms of the timing here.

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Speaker 1: So do I still think that it is more likely

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Speaker 1: than not that Trump gets indicted in this case? I

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Speaker 1: would say yes, But the fact that there is such

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Speaker 1: a delay, you know, you can't help but read some

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Speaker 1: significance into this. To get into more of how Americans

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Speaker 1: do think about Trump, think about Biden, think about this

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Speaker 1: particular potential charge. Let's go and put this up on

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Speaker 1: the screen from Quinnipiac. There was a lot here that

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Speaker 1: was really interesting. I mean, they're very lengthy. Headline here

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Speaker 1: says quite a bit. They say mixed signals on Trump.

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Speaker 1: Majority says criminal charges should disqualify him from running for president,

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Speaker 1: but his popularity is unchanged. He leads to Santis by

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Speaker 1: double digits. If you dig into the numbers here, fifty

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Speaker 1: seven percent of Americans think that if Trump is charged criminally,

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Speaker 1: and they don't really specify which charge, but any charge,

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Speaker 1: I guess, they say that he should be disqualified from

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Speaker 1: running for president again. So fifty seven percent pretty solid majority,

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Speaker 1: versus thirty eight percent who say that should not be disqualifying.

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Speaker 1: Fifty five percent think that these specific hush money accusations

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Speaker 1: are either very serious or somewhat serious. So you've got

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Speaker 1: a majority there that do think that the Stormy Daniel's

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Speaker 1: accusations are serious. But you also have a large majority

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Speaker 1: sixty two percent that think the case, the hush money

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Speaker 1: case against him is mainly motivated by politics, with just

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Speaker 1: thirty two percent thinking the case is mainly motivated by

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Speaker 1: the law. You also have some numbers in here that reveal,

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Speaker 1: you know, politically, It's it's perplexing because on the one hand,

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Speaker 1: you have so many people saying Trump has been terrible

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Speaker 1: for the Republican Party, he should be disqualified if he's

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Speaker 1: criminally charged, which of course looks potentially, and at the

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Speaker 1: same time, he is statistically tied with Joe Biden in

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Speaker 1: terms of the general elections. That's where the American people are. Yeah,

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Speaker 1: I mean, people always try to look at favorability. People

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Speaker 1: forget that Joe Biden has a very low favorability. Trump

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Speaker 1: always had a low favorability in terms of the general public.

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Speaker 1: But you got to look also at enthusiasm and also

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Speaker 1: what do we learn from twenty sixteen and twenty twenty.

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Speaker 1: You many people vote for people they do not like

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Speaker 1: that much. That's basically what it is when the two

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Speaker 1: party system presents those options before you. So anyway, I

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Speaker 1: look at all of this politically, I think old Donnie

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Speaker 1: has successfully probably wriggled his way out of this one.

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Speaker 1: As to the jan six investigations, I genuinely have no clue.

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Speaker 1: It's one of those where we will see. We've discussed

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Speaker 1: here too about what the interpretations of the law actually

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Speaker 1: would be around January sixth. At the best, they could

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Speaker 1: get what like obstruction of a government procedure. Whenever it

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Speaker 1: comes to the election email, then it's a little bit dicey.

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Speaker 1: They're going to focus on the Oval Office meetings that

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Speaker 1: he had in terms of trying to delay election certification.

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Speaker 1: That is another reason why I think that Georgia case

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Speaker 1: is probably the strongest one, because there they have direct

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Speaker 1: interference in a state election, which they have much better

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Speaker 1: jurisdiction on and less of a novel interpretation of the

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Speaker 1: law that too, who knows in terms of what you

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Speaker 1: can actually prove, and especially to a jury who you

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Speaker 1: have no idea who that jury is going to be. Yeah, no,

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Speaker 1: that's that's absolutely the case. Additionally, in this Quinnipiac poll,

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Speaker 1: I thought this was interesting too, which underscores the challenge

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Speaker 1: for those Republicans who would want to move past Trump

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Speaker 1: or from you know, the candidates who are opposing him.

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Speaker 1: Nearly eight and ten Republican voters consider themselves supporters of

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Speaker 1: the MAGA movement. Only eighteen percent do not, So it

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Speaker 1: really shows you he still is very much the dominant

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Speaker 1: figure within the Republican Party, and even as I think

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Speaker 1: the American public generally, it seems like more or less

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Speaker 1: even with these charges which are kind of you know,

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Speaker 1: the weakest ones are the ones that people find to

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Speaker 1: be the least egregious. They're generally in support of him

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Speaker 1: being held accountable. They think it's bad, they think he

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Speaker 1: did it, et cetera. And certainly with any potential charges

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Speaker 1: related to January sixth or election interference, I think the

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Speaker 1: numbers would be even stronger in favor of an indictment

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Speaker 1: and against Trump on that with a general election audience,

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Speaker 1: but with the Republican primary base, I think it'll be

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Speaker 1: this exact same dynamic where it will only strengthen his hand,

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Speaker 1: it will only further rally people to his cause in

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Speaker 1: terms of the Republican base. So you really do have

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Speaker 1: a situation where, you know, the Republican base is kind

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Speaker 1: of on an island, very different view of this landscape

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Speaker 1: than independence and certainly than Democratic voters and you know,

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Speaker 1: the broader electorate that would show up in a general election. Yeah, certainly, right, Okay.

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Speaker 1: At the same time, we wanted to take a little

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Speaker 1: bit of a look at the sort of third place

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Speaker 1: contender right now, former Vice President Mike Pence, who occupies

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Speaker 1: an interesting space in all of this. And listen, DeSantis

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Speaker 1: has clearly been consistently the second choice, but Mike Pence

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Speaker 1: has been in there with you know, seven percent of

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Speaker 1: the vote, ten percent of the vote. And we've always

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Speaker 1: read this as he still continues to have some support

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Speaker 1: among an evangelical base. He's positioned himself as a sort

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Speaker 1: of return to this Republican Reganism type of politics, both

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Speaker 1: with floating cuts to social security and medicare also with

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Speaker 1: national abortion ban. But it looks like in focus groups

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Speaker 1: there is really very little love for the former vice

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Speaker 1: president among the Republicans. Faithful, let's put this article up

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Speaker 1: on the screen. The headline here says nobody likes Mike

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Speaker 1: Pence and focus groups Republican voters are brutal in their

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Speaker 1: assessment of the former vice president. This is by Mickay Coppins.

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Speaker 1: Some of the quotes here from a number of different

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Speaker 1: focus groups. I think this was four different focus groups

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Speaker 1: that he set in on. Yeah, four different focus groups.

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Speaker 1: Thirty four different Republicans participated. He says he heard only

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Speaker 1: four people say they'd even consider Pence. Two of them

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Speaker 1: immediately started talking themselves out of it after indicating interest.

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Speaker 1: Some of the key quotes here are I don't care

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Speaker 1: for him. He's just middle of the road. To me,

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Speaker 1: if there was someone halfway better, I would not vote

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Speaker 1: for him. He has alienated every Republican and Democrat. It's over,

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Speaker 1: it's retirement time. He's only going to get the vote

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Speaker 1: from his family, and I'm not even sure they like him.

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Speaker 1: He just needs to go away. This one I found

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Speaker 1: particularly interesting because I think it gets at the key

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Speaker 1: issue for him, which is something we had sort of

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Speaker 1: identified before. One participant said, I think he put a

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Speaker 1: stain on himself for any quote normal Republican when he

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Speaker 1: joined the Trump administration, and then he put a stain

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Speaker 1: on himself with any Trump Republican on January sixth. So

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Speaker 1: I don't think he has a constituency anywhere. I don't

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Speaker 1: know if anyone would vote for him. To me, why

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Speaker 1: this was important, Sager, is it showed that there is

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Speaker 1: no ability, given the way that Donald Trump sort of

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Speaker 1: shapes the landscape, to try to find a middle ground,

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Speaker 1: to try to have it both ways in the way

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Speaker 1: that Pence has. He has recently come out at the

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Speaker 1: Gridiron Dinner and made some war, you know, aggressive comments

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Speaker 1: against Trump and what happened on January sixth, although he

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Speaker 1: again is another one that doesn't even like to say

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Speaker 1: Trump's name, but then on he wasn't doing the thing

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Speaker 1: on so so you've got, you know, him trying to

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Speaker 1: cater to the Liz Cheney wing of the Republican Party. Well,

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Speaker 1: they're not impressed with him because he was part of

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Speaker 1: the Trump administration, because he carried water for him for

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Speaker 1: so long, and then the people who you know think

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Speaker 1: that Mike Pence should have overturned the election on January six.

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Speaker 1: Obviously they don't support him either, and so there is

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Speaker 1: no ability to try to have it both ways. And

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Speaker 1: I think Mike Pence is finding that out the hard way. Absolutely,

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Speaker 1: And our producers, you know, we went through and watch

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Speaker 1: what happened when Trump, when pens is even on the

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Speaker 1: campaign trail, when he's not talking about Trump, what is

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Speaker 1: he talking about. He's talking about entitlements. He's like the

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Speaker 1: one area where he's on the opposite side policy wise, right,

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Speaker 1: So we have a little bit of that. Let's take

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Speaker 1: a listen. But we could have done a better job.

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Speaker 1: But at the end of the day, I will tell

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Speaker 1: you the best thing that we could do of not

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Speaker 1: only turn off the spigot of unspent money unleash American energy,

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Speaker 1: but I think the time has come for us to

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Speaker 1: have a fulsome national conversation about how we bring reforms

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Speaker 1: to entitlements that are compassionate and common sense to lift

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Speaker 1: the massive mountain of death that our children and grandchildren

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Speaker 1: are facing. Really just groundbreaking stuff you've never heard from

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Speaker 1: our Republican before. There high level of chrisma. It's delivered

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Speaker 1: with a high level of Christmas, high level of Chrismo

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Speaker 1: before a bunch of septagenarians in Iowa. Good luck, mister

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Speaker 1: Vice President. You know, really just don't know what to say.

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Speaker 1: How can you possibly think that you are going to

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Speaker 1: run effectively on a Paul Ryan loser message against the

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Speaker 1: most popular Republican in the country, both on a personal

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Speaker 1: and a policy level, and think that you have a

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Speaker 1: chance now, I mean every single thing that we look

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Speaker 1: at six percent, seven percent. Trump is at fifty this morning,

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Speaker 1: fifty percent in a Fox newspoll, which traditionally is, by

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Speaker 1: the way, not been particularly good for him. If you

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Speaker 1: go back and look at how Fox News did in

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Speaker 1: terms of the GOP primary in twenty sixteen, and in

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Speaker 1: terms of how they pegged him against Joe Biden, the

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Speaker 1: historically underestimated his support. If you want to look at

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Speaker 1: the lifetime of the poll and how they performed visa v. Trump,

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Speaker 1: all evidence suggests that Trump's support is actually underestimated in

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Speaker 1: the GOP's something basically you and I have said from

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Speaker 1: the beginning, and what did you point to previously the

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Speaker 1: fact that he was in our potential facing potential indictment.

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Speaker 1: People only rally to his cause even more. Yeah, you

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Speaker 1: can't have it like this, Like there's just no way

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Speaker 1: to square it. It's not possible. There was an interesting

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Speaker 1: other dynamic that the journalists who observe those focus groups noted,

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Speaker 1: which is that people would cite they would preface their

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Speaker 1: like scathing criticism of Mike Pence with some they'd say like, oh,

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Speaker 1: you know, he seems like a really nice guy, seems

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Speaker 1: like he really lives his Christian values, whatever. But it

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Speaker 1: was not just that that wasn't enough to sway them

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Speaker 1: that maybe he's like the right candidate for them. They

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Speaker 1: thought look that as sort of like a sign of weakness,

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Speaker 1: Like it was almost actively a detriment. What he wrote

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Speaker 1: is what I found most fascinating about the voters Digsitt

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Speaker 1: Pence was that they were almost always preceded by passing

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Speaker 1: praise of his personal character. He was a quote top

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Speaker 1: of the line guy, a nice man, super kind, honest,

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Speaker 1: decent person. Not only did these perceived qualities failed and

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Speaker 1: make him an appealing candidate, they were also often held

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Speaker 1: against him, treated as evidence that he lacked a certain

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Speaker 1: presidential medal. And I think that there are some warning

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Speaker 1: signs in that takeaway for Ron DeSantis as well, whose

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Speaker 1: whole pitch is Trump without the drama. Well, what these

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Speaker 1: focus group voters at least are indicating is, yeah, we

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Speaker 1: actually like the messiness, We like the drama. We have

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Speaker 1: become accustomed to and expect that type of Trumpian personality

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Speaker 1: in terms of our politics, and we aren't really looking

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Speaker 1: for a U turn from that. So I thought, you know,

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Speaker 1: not only is that kind of devastating for Mike Pence,

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Speaker 1: who has built this whole aweschus personal persona as his

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Speaker 1: political brand, while also helping a man who's the polar

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Speaker 1: opposite become the dominant figure in the Republican Party, but

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Speaker 1: I also thought there were some potential warning signs in

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Speaker 1: there for Ron DeSantis. We're going to get to DeSantis

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Speaker 1: in one moment, but there was an additional piece of specific,

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Speaker 1: of significant news with regards to Mike Pence and some

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Speaker 1: of the myriad potential indictment charges coming for President Trump,

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Speaker 1: former President Trump. Let's put this up on the screen.

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Speaker 1: A federal judge has just ruled that Pence does have

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Speaker 1: to testify regarding the January sixth attack. He specifically has

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Speaker 1: to talk to a grand jury about conversations he had

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Speaker 1: with former President Trump leading up to the January sixth,

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Speaker 1: twenty twenty one attack on the US Capitol. This has

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Speaker 1: to do with the DC based investigations in a ruling

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Speaker 1: that they say remains undersealed. The judge also said Pence

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Speaker 1: can still decline to answer questions related to the day

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Speaker 1: of January sixth, adding that Pence can still appeal the ruling.

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Speaker 1: The appeal option is being evaluated the source set. So

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Speaker 1: that's everything we know so far. Judge is saying, yeah,

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Speaker 1: you do have to testify, especially about those conversations leading

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Speaker 1: up to January six Pence is apparently evaluating whether he's

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Speaker 1: going to feel that decision. Yeah, I mean he can

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Speaker 1: try and a feel. It looks very likely that he'll

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Speaker 1: have to at least testify. The thing is about Pence

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Speaker 1: is while he did obviously keep an arm away from Trump,

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Speaker 1: he didn't actually do anything to stop it. So in

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Speaker 1: terms of witnesses, like he can testify that, yes, he

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Speaker 1: saw the Overstock CEO come into the office and Mike

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Speaker 1: Lindell and Sidney Powell and like that famous Oval office

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Speaker 1: meeting where they were coming up with all kinds of

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Speaker 1: insane ideas to like institute a coup, but you know

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Speaker 1: he didn't. Also, in terms of his criticism on jan six,

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Speaker 1: I believe he held his silence for at least one year,

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Speaker 1: Like he did not actually come out until he wrote

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Speaker 1: his book and then was going on book tour that

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Speaker 1: he was like, Okay, now is the time. It's not

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Speaker 1: like he effectively took a courageous position. So even the

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Speaker 1: attempt to try and get the so called like Liz

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Speaker 1: Cheney voter, the one percent or whatever, it's not like

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Speaker 1: you were even in front of the game. That's why

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Speaker 1: I just don't know how exactly sees the political theory

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Speaker 1: of the case for him. Yeah, I mean those numbers

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Speaker 1: we cover with Quinnepiac where only eighteen percent of Republican

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Speaker 1: voters say they don't see themselves as part of the

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Speaker 1: bag movement kind of says it all. I was wondering, Sager,

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Speaker 1: if you have any insight into how involved Mike Pence

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Speaker 1: actually was in a lot of those you know, those

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Speaker 1: late night meetings and like the most insane of discussions.

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Speaker 1: Was he kind of intimately involved or was he pushed

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Speaker 1: to the sidelines. He basically just didn't take He did

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Speaker 1: this thing where anytime he'd believed that Trump was doing

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Speaker 1: something that he didn't like, like he would just go

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Speaker 1: off into the side office. He would try and exert

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Speaker 1: some influence, but then he would just keep his way

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Speaker 1: out of He would keep himself out of the meetings

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Speaker 1: and encourage the president and their private meetings to take

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Speaker 1: a different tack. Like he was not involved necessarily in

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Speaker 1: any of these discussions as far as I understand it,

431
00:21:47,280 --> 00:21:49,760
Speaker 1: like tried to push back and kept a significant amount

432
00:21:49,760 --> 00:21:51,119
Speaker 1: of distance. Also because he knew that a lot of

433
00:21:51,119 --> 00:21:52,840
Speaker 1: eyes were on him for the idea that he would

434
00:21:52,840 --> 00:21:56,080
Speaker 1: try and to object to election certification. So at the

435
00:21:56,200 --> 00:21:57,880
Speaker 1: end of the day, like he wasn't involved per se.

436
00:21:57,920 --> 00:22:00,920
Speaker 1: But it's not like he didn't do it. He did anything. Yeah,

437
00:22:00,960 --> 00:22:04,480
Speaker 1: I'm just wondering what information he might even have that

438
00:22:04,520 --> 00:22:07,520
Speaker 1: he could share with the grand jury, because it wouldn't

439
00:22:07,600 --> 00:22:10,240
Speaker 1: surprise me. I mean, Mike Pence is not an idiot.

440
00:22:10,280 --> 00:22:14,080
Speaker 1: He's a savvy political operated operator. Managed to get himself

441
00:22:14,119 --> 00:22:16,560
Speaker 1: to be governor of the state, managed to get himself

442
00:22:16,640 --> 00:22:18,679
Speaker 1: to be vice president and be able to hang in

443
00:22:18,720 --> 00:22:21,560
Speaker 1: there the whole time and navigate the very stormy waters

444
00:22:21,600 --> 00:22:24,040
Speaker 1: with regards to Trump, all the way up until the end.

445
00:22:24,440 --> 00:22:27,600
Speaker 1: It wouldn't surprise me if he was legally savvy enough

446
00:22:27,640 --> 00:22:30,280
Speaker 1: to anytime there was something sketchy going on for him,

447
00:22:30,480 --> 00:22:33,080
Speaker 1: rather than doing anything courageous just to protect his own

448
00:22:33,119 --> 00:22:34,760
Speaker 1: ass by making sure he's not in the room for

449
00:22:34,800 --> 00:22:37,800
Speaker 1: those conversations like you know here no evil, see no

450
00:22:37,880 --> 00:22:40,280
Speaker 1: evil whatever. I know that there was one meeting I

451
00:22:40,320 --> 00:22:41,920
Speaker 1: think that he like walked out of, or he like

452
00:22:41,960 --> 00:22:44,159
Speaker 1: walked in and then walked out of. But yeah, and

453
00:22:44,200 --> 00:22:46,280
Speaker 1: then materially, I just don't think it's all that important

454
00:22:46,280 --> 00:22:47,760
Speaker 1: to the case. So I'm not even sure what he's

455
00:22:47,800 --> 00:22:49,399
Speaker 1: really going to be able to say. It's really more

456
00:22:49,400 --> 00:22:53,080
Speaker 1: about Mike Lindell than most folks. Yeah, okay, so let's

457
00:22:53,119 --> 00:22:56,040
Speaker 1: talk a little bit about what's going on in DeSantis world.

458
00:22:56,840 --> 00:22:59,639
Speaker 1: Put this up on the screen. So DeSantis's big super

459
00:22:59,680 --> 00:23:03,119
Speaker 1: pack is staffing up. They have hired a couple of

460
00:23:03,200 --> 00:23:05,719
Speaker 1: significant former Trump aids. The one that The New York

461
00:23:05,760 --> 00:23:08,160
Speaker 1: Times is focusing on in particular. Here is a guy

462
00:23:08,240 --> 00:23:10,879
Speaker 1: named Matt Walking was part of the twenty twenty Trump

463
00:23:10,920 --> 00:23:14,520
Speaker 1: campaign and is going to coordinate strategic communications for Never

464
00:23:14,600 --> 00:23:18,320
Speaker 1: Back Down. That is the superpack that is backing Ron DeSantis.

465
00:23:19,119 --> 00:23:22,320
Speaker 1: He oversaw the rapid response and war room teams for

466
00:23:22,359 --> 00:23:25,879
Speaker 1: the Trump campaign. He also was the campaign communications director

467
00:23:25,920 --> 00:23:29,159
Speaker 1: for Glenn Youngkin of Virginia. He put out some tweet

468
00:23:29,200 --> 00:23:31,960
Speaker 1: after this became public saying basically like Trump was the

469
00:23:31,960 --> 00:23:34,040
Speaker 1: president we needed eight years ago. Now we need someone

470
00:23:34,040 --> 00:23:36,280
Speaker 1: who actually is able to I can't remember the words

471
00:23:36,280 --> 00:23:37,960
Speaker 1: he used, but basically having in front of me, yeah,

472
00:23:38,040 --> 00:23:39,480
Speaker 1: he says Trump was the president that we needed eight

473
00:23:39,560 --> 00:23:41,480
Speaker 1: years ago to make America great again. Our movement. He's

474
00:23:41,480 --> 00:23:43,960
Speaker 1: a disciplined leader who wins instead of loses, never backs down,

475
00:23:44,000 --> 00:23:46,359
Speaker 1: fight smart, and puts the mission before him. On each count,

476
00:23:46,359 --> 00:23:48,800
Speaker 1: Governor Ron de Santis is the strongest choice. Matt is

477
00:23:48,840 --> 00:23:51,240
Speaker 1: an interesting person. Dealt with him a little bit whenever

478
00:23:51,240 --> 00:23:54,040
Speaker 1: he was part of the Trump campaign and actually afterwards

479
00:23:54,040 --> 00:23:57,560
Speaker 1: because he was the comms director for Glenn Youngin and

480
00:23:57,600 --> 00:24:00,200
Speaker 1: worked on the Glen Youngkin campaign. The reason why I

481
00:24:00,240 --> 00:24:03,399
Speaker 1: think it's interesting is that Matt is part of a

482
00:24:03,560 --> 00:24:06,760
Speaker 1: contingent of guys who come from the Ted Cruz campaign,

483
00:24:06,800 --> 00:24:10,679
Speaker 1: specifically Jeff Rowe. He was the political consultant who actually

484
00:24:10,760 --> 00:24:13,520
Speaker 1: joined the pro DeSantis super pac as well. Rowe was

485
00:24:13,560 --> 00:24:17,320
Speaker 1: the architect of the Cruz twenty sixteen campaign. And really,

486
00:24:17,359 --> 00:24:19,040
Speaker 1: I mean, look, I know the Cruse lost, but at

487
00:24:19,040 --> 00:24:20,399
Speaker 1: the end of the day, he did come in second

488
00:24:20,560 --> 00:24:23,399
Speaker 1: in the GOP primary. Not only that, but he builds

489
00:24:23,400 --> 00:24:26,000
Speaker 1: a significant data operation. He did win the state of Iowa.

490
00:24:26,040 --> 00:24:28,360
Speaker 1: A lot of people do forget that. So Rowe has

491
00:24:28,400 --> 00:24:30,560
Speaker 1: always been kind of seen as a darling of the

492
00:24:30,560 --> 00:24:34,720
Speaker 1: conservative not Trump movement, you know, who still gets like

493
00:24:34,760 --> 00:24:38,360
Speaker 1: anti establishment, very well invested in technology. He was part

494
00:24:38,359 --> 00:24:41,000
Speaker 1: of the Glenn Youngcan campaign. He was significantly worked on that.

495
00:24:41,080 --> 00:24:43,199
Speaker 1: He also worked on a few failed Senate races, but

496
00:24:43,280 --> 00:24:46,000
Speaker 1: by and large is stuck with the you know, outside

497
00:24:46,040 --> 00:24:49,080
Speaker 1: of Trump Lane from his alliance with Ted Cruz. So

498
00:24:49,119 --> 00:24:51,560
Speaker 1: the fact that he bringing on Wolking and other people

499
00:24:51,560 --> 00:24:54,000
Speaker 1: that he put into the Trump campaign of twenty twenty

500
00:24:54,000 --> 00:24:56,400
Speaker 1: are joining DeSantis, I actually see that as the most

501
00:24:56,400 --> 00:24:59,880
Speaker 1: Significant's not about Matt himself. It's about this Cruise kind

502
00:24:59,880 --> 00:25:03,360
Speaker 1: of of more establishment lane people who are still legitimate

503
00:25:03,400 --> 00:25:06,000
Speaker 1: operators in their own righty going to join this Santa

504
00:25:06,040 --> 00:25:08,960
Speaker 1: super pac. Trump World has been apparently sort of using

505
00:25:09,000 --> 00:25:11,600
Speaker 1: against DeSantis. The fact that you've got you know, Ted

506
00:25:11,680 --> 00:25:15,320
Speaker 1: Cruz people being staffed up here. Now. Of course it's

507
00:25:15,359 --> 00:25:17,800
Speaker 1: again it's not like this is entirely fair because Walt

508
00:25:18,000 --> 00:25:21,200
Speaker 1: Wilking also worked for Donald Trump in a high level role.

509
00:25:21,960 --> 00:25:24,280
Speaker 1: But you know, they want to paint DeSantis, and I

510
00:25:24,280 --> 00:25:27,199
Speaker 1: think with some justification frankly, as being like throwback to

511
00:25:27,200 --> 00:25:31,199
Speaker 1: Paul Ryan, Carl Row, Ted Cruz, putting him outside of

512
00:25:32,920 --> 00:25:35,280
Speaker 1: pushing him outside of the lane of being anything like

513
00:25:35,359 --> 00:25:39,560
Speaker 1: anti establishments. So that's what they're using this news for.

514
00:25:39,720 --> 00:25:43,280
Speaker 1: There's another piece here that is also interesting. Put this

515
00:25:43,440 --> 00:25:47,920
Speaker 1: up on the screen. Trump's campaign is also warning any

516
00:25:47,960 --> 00:25:51,320
Speaker 1: potential to Santa staffers and also staffers to other rival

517
00:25:51,359 --> 00:25:54,359
Speaker 1: presidential campaigns, that they will not be hired to work

518
00:25:54,400 --> 00:25:57,280
Speaker 1: for the former president, either on his campaign or in

519
00:25:57,320 --> 00:26:00,240
Speaker 1: the White House. So they're saying, you know, so if

520
00:26:00,240 --> 00:26:03,120
Speaker 1: you decide that you're with DeSantis, that's it. You're dead

521
00:26:03,160 --> 00:26:04,640
Speaker 1: to me. You will not work in the White House.

522
00:26:04,640 --> 00:26:06,919
Speaker 1: You will not be elevated to any position. Now I

523
00:26:06,920 --> 00:26:09,879
Speaker 1: don't know how much I would really, I don't know

524
00:26:09,880 --> 00:26:11,680
Speaker 1: how much stock I would actually put in this, because

525
00:26:11,680 --> 00:26:15,480
Speaker 1: certainly Trump has feuded very loudly and publicly and aggressively

526
00:26:15,520 --> 00:26:17,679
Speaker 1: with people before that he has then mended fenses with

527
00:26:17,760 --> 00:26:20,639
Speaker 1: and brought into an administration, et cetera. So I'm not

528
00:26:20,640 --> 00:26:22,720
Speaker 1: sure I would see this as gospel, but clearly an

529
00:26:22,760 --> 00:26:25,880
Speaker 1: attempt to use the power position that he's in right

530
00:26:25,920 --> 00:26:29,320
Speaker 1: now to scare higher quality people off from joining any

531
00:26:29,320 --> 00:26:31,520
Speaker 1: one of these campaigns. Oh absolutely. One of his former

532
00:26:31,760 --> 00:26:34,600
Speaker 1: comms people, Aaron Parine, also joined. She was one of

533
00:26:34,600 --> 00:26:36,840
Speaker 1: the people who worked for the Trump campaign. I remember

534
00:26:36,880 --> 00:26:39,199
Speaker 1: her well also as a long kind of person in

535
00:26:39,280 --> 00:26:41,800
Speaker 1: the conservative world. She now is joining the same pro

536
00:26:41,880 --> 00:26:43,879
Speaker 1: DeSantis pack. A lot of them have been coming out

537
00:26:44,000 --> 00:26:47,280
Speaker 1: trend messaging around round to say, look, I mean, I

538
00:26:47,400 --> 00:26:49,600
Speaker 1: just don't get it. You know, from a career perspective,

539
00:26:49,640 --> 00:26:51,919
Speaker 1: it's one of those where going so early, sure you

540
00:26:51,920 --> 00:26:54,520
Speaker 1: know the risk, you know, high risk, high reward. If

541
00:26:54,520 --> 00:26:56,679
Speaker 1: it does work out, they certainly will be at the

542
00:26:56,680 --> 00:26:59,160
Speaker 1: forefront from jumping off, but it's also a big risk,

543
00:26:59,240 --> 00:27:01,119
Speaker 1: you know, to get on the wrong side of Trump.

544
00:27:01,119 --> 00:27:02,760
Speaker 1: And my thing that I always come back to is

545
00:27:03,040 --> 00:27:05,600
Speaker 1: what even if he does quote unquote lose, he's not

546
00:27:05,680 --> 00:27:08,280
Speaker 1: just like go away, like he'd be the biggest spoiler

547
00:27:08,320 --> 00:27:10,359
Speaker 1: of all time. He's even said that so many times.

548
00:27:10,359 --> 00:27:13,160
Speaker 1: He's like I would rather see Stacy Abrams win than

549
00:27:13,480 --> 00:27:15,560
Speaker 1: Brian Kemp. Like he's in art, you know, he doesn't

550
00:27:15,600 --> 00:27:19,240
Speaker 1: care about the broader party. If Destantas does somehow best

551
00:27:19,280 --> 00:27:21,399
Speaker 1: him in the primary, which I think is frankly unlikely,

552
00:27:21,480 --> 00:27:23,320
Speaker 1: it's not like he's just gonna go quietly, you know,

553
00:27:23,400 --> 00:27:26,440
Speaker 1: into the night. So anyway, yeah, from that's calculus too,

554
00:27:26,680 --> 00:27:28,960
Speaker 1: I'm just like, maybe I see something that they don't,

555
00:27:28,960 --> 00:27:30,880
Speaker 1: but I don't know why anybody would do it. There's

556
00:27:31,040 --> 00:27:33,400
Speaker 1: there's one other piece that just broke that I don't

557
00:27:33,400 --> 00:27:35,200
Speaker 1: have all of the like details of, but I just

558
00:27:35,240 --> 00:27:36,919
Speaker 1: want to put out there because I'm sure Trump is

559
00:27:36,960 --> 00:27:39,919
Speaker 1: going to be using this against his many attacks against

560
00:27:39,960 --> 00:27:42,960
Speaker 1: Ron DeSantis. But you remember, Desanta's had this whole like

561
00:27:43,040 --> 00:27:45,920
Speaker 1: conflict with Disney, which of course is a really important employer,

562
00:27:46,040 --> 00:27:50,520
Speaker 1: gigantic corporation in Florida. And part of what he did

563
00:27:51,080 --> 00:27:53,480
Speaker 1: is they have this special district is called the Reedy

564
00:27:53,520 --> 00:27:57,040
Speaker 1: Creek District that basically just governs like Disney World in Florida,

565
00:27:57,400 --> 00:27:59,880
Speaker 1: and previously had been stocked with a bunch of pro

566
00:28:00,160 --> 00:28:03,960
Speaker 1: Disney cronies who just did whatever Disney wanted. So DeSantis

567
00:28:03,960 --> 00:28:06,760
Speaker 1: decided to replace all those people with Republicans who were

568
00:28:06,760 --> 00:28:09,080
Speaker 1: going to back what he wanted to do for the district,

569
00:28:09,280 --> 00:28:12,359
Speaker 1: but apparently it just came out. Their sort of last

570
00:28:12,480 --> 00:28:15,919
Speaker 1: act the pro Disney board before they left was to

571
00:28:16,000 --> 00:28:18,120
Speaker 1: get rid of all of their power and seed all

572
00:28:18,160 --> 00:28:21,159
Speaker 1: of their power effectively to the Disney Corporation. So the

573
00:28:21,200 --> 00:28:25,359
Speaker 1: new Republican board members have very little power that is

574
00:28:25,440 --> 00:28:27,359
Speaker 1: left to them. Now they're trying to dispute it and

575
00:28:27,400 --> 00:28:30,199
Speaker 1: try to take legal action whatever. But it looks like,

576
00:28:30,480 --> 00:28:34,600
Speaker 1: as typically happens in America, the gigantic corporation is actually

577
00:28:34,680 --> 00:28:37,080
Speaker 1: having the last laugh here. Of course they are. And

578
00:28:37,119 --> 00:28:39,920
Speaker 1: also if you think that the Trump campaign hasn't been

579
00:28:39,960 --> 00:28:42,480
Speaker 1: already hammering him, they're like, Ron DeSantis can't even beat

580
00:28:42,520 --> 00:28:44,600
Speaker 1: Disney in his home state. How is he supposed to

581
00:28:44,960 --> 00:28:48,280
Speaker 1: have any sort of diplomatic wins? You know, I will

582
00:28:48,320 --> 00:28:50,840
Speaker 1: say on the Trump campaign they can be clownish in

583
00:28:50,880 --> 00:28:53,680
Speaker 1: many ways, but they put out some policy documents recently

584
00:28:53,880 --> 00:28:56,800
Speaker 1: attacking DeSantis on Ukraine. I got a hand it to him.

585
00:28:56,880 --> 00:28:59,400
Speaker 1: They're pretty good. They're like, look, DeSantis at the end

586
00:28:59,400 --> 00:29:03,200
Speaker 1: of the day quotes you know, former candidate John McCain,

587
00:29:03,480 --> 00:29:06,240
Speaker 1: he is simply like a Robot reciding talking points. He

588
00:29:06,280 --> 00:29:09,680
Speaker 1: doesn't have any real grounding and foreign policy. President Trump

589
00:29:09,760 --> 00:29:11,760
Speaker 1: is the only one who wants peace in the conflict.

590
00:29:11,800 --> 00:29:14,200
Speaker 1: I'm reading this, I'm like, this is a serious document,

591
00:29:14,520 --> 00:29:16,200
Speaker 1: whether you like it or not. Same thing with the

592
00:29:16,240 --> 00:29:19,720
Speaker 1: insurance attack about the insurance scam. So they're hitting DeSantis

593
00:29:19,800 --> 00:29:22,160
Speaker 1: in a way that he hasn't been hit before. It's

594
00:29:22,160 --> 00:29:25,000
Speaker 1: not just you know what is it Ron to sanctimonious

595
00:29:25,040 --> 00:29:27,680
Speaker 1: meatball Ron or calling him a gay pedophile. Like they're

596
00:29:27,720 --> 00:29:30,440
Speaker 1: backing it up too with a case which we do

597
00:29:30,560 --> 00:29:33,440
Speaker 1: know that GOP voters by and large are not going

598
00:29:33,520 --> 00:29:35,360
Speaker 1: to be favorable towards this, Like if his whole thing

599
00:29:35,400 --> 00:29:37,240
Speaker 1: is I'm a fighter, they're like, well, you can't even

600
00:29:37,280 --> 00:29:39,080
Speaker 1: take on Disney, Like you didn't even do it properly,

601
00:29:39,160 --> 00:29:43,040
Speaker 1: and it's just total asymmetric warfare. Yeah, because Ron can't

602
00:29:43,120 --> 00:29:48,040
Speaker 1: respond nearly as you know, aggressively. When he does try to,

603
00:29:48,600 --> 00:29:50,640
Speaker 1: it gets held against him as like how could you

604
00:29:50,760 --> 00:29:53,080
Speaker 1: during Donald Trump's time of meeting and go after him.

605
00:29:53,480 --> 00:29:56,600
Speaker 1: And he's planning to wait till after the Florida legislative

606
00:29:56,600 --> 00:29:59,920
Speaker 1: session until June before he gets officially into the race,

607
00:30:00,000 --> 00:30:02,160
Speaker 1: which also limits him in terms of what he can

608
00:30:02,200 --> 00:30:05,400
Speaker 1: say or do. So you know, it's a very difficult

609
00:30:05,400 --> 00:30:08,600
Speaker 1: position for him. I know Ryan and Emily covered this yesterday,

610
00:30:08,640 --> 00:30:10,800
Speaker 1: but just very quickly Saga, there was that those comments

611
00:30:10,800 --> 00:30:14,800
Speaker 1: from Chris Christy that I thought were really interesting and actually, honestly,

612
00:30:14,920 --> 00:30:17,480
Speaker 1: I know this may be this may be a hot take,

613
00:30:17,520 --> 00:30:18,960
Speaker 1: but I actually thought it was kind of smart. He

614
00:30:19,040 --> 00:30:21,600
Speaker 1: was like, what the Republican primary race needs is someone

615
00:30:21,680 --> 00:30:23,560
Speaker 1: like me to get in and just on a Kamakazi

616
00:30:23,680 --> 00:30:27,000
Speaker 1: mission to take down Trump. Because if you try to

617
00:30:27,040 --> 00:30:29,320
Speaker 1: do it yourself, you're going to get blown up, no

618
00:30:29,400 --> 00:30:31,720
Speaker 1: doubt about it. If you have someone in there who

619
00:30:31,960 --> 00:30:35,719
Speaker 1: is their only mission is not to win, but just

620
00:30:35,800 --> 00:30:39,040
Speaker 1: to try to take Trump down. I'm not going to

621
00:30:39,080 --> 00:30:41,400
Speaker 1: say it's going to work, but it's probably. It's at

622
00:30:41,480 --> 00:30:44,280
Speaker 1: least a strategy. It's at least a real strategy. Maybe.

623
00:30:44,320 --> 00:30:46,080
Speaker 1: I mean, I just think it would help Trump. Now

624
00:30:46,120 --> 00:30:47,800
Speaker 1: at this point, you know, the more that the Republican

625
00:30:47,880 --> 00:30:50,920
Speaker 1: establishment appears to be against him, and Christy has no

626
00:30:50,960 --> 00:30:53,360
Speaker 1: real credibility with the GOP base that he once did

627
00:30:53,400 --> 00:30:55,960
Speaker 1: in two thousand and sixts. He's true, but Christy is

628
00:30:56,000 --> 00:31:00,520
Speaker 1: a talented political operation. I have always thought that he

629
00:31:00,880 --> 00:31:04,120
Speaker 1: is just in sheer political talent. He is a very

630
00:31:04,360 --> 00:31:07,000
Speaker 1: charismatic and talented individual. The way he would go after

631
00:31:07,040 --> 00:31:08,640
Speaker 1: I hated this, but the way he would like go

632
00:31:08,720 --> 00:31:11,240
Speaker 1: after teachers during his fights in New Jersey or really

633
00:31:11,360 --> 00:31:15,200
Speaker 1: teacher union stuff. So and what he did to Marco

634
00:31:15,280 --> 00:31:18,480
Speaker 1: Rubio notably miss Yeah, I mean, one of the best

635
00:31:18,520 --> 00:31:21,360
Speaker 1: moments of all time. Absolutely. So. Anyway, I'm not saying

636
00:31:21,360 --> 00:31:22,719
Speaker 1: that it would work or he could pull it off

637
00:31:22,760 --> 00:31:24,200
Speaker 1: at this point, because, like you said, it's not like

638
00:31:24,200 --> 00:31:25,840
Speaker 1: he has a lot of credibility with the base, but

639
00:31:25,880 --> 00:31:28,920
Speaker 1: you do need some sort of strategy like that, because

640
00:31:28,960 --> 00:31:31,680
Speaker 1: I just don't think that DeSantis is capable of taking

641
00:31:31,720 --> 00:31:38,000
Speaker 1: Trump down and elevating himself at the same time. Yeah. Absolutely, Okay,

642
00:31:38,080 --> 00:31:40,080
Speaker 1: go to the next one. This really troubling news is

643
00:31:40,080 --> 00:31:42,440
Speaker 1: breaking right now outside of Russia. Let's go ahead and

644
00:31:42,440 --> 00:31:45,120
Speaker 1: put this up there on the screen. The Russian Security

645
00:31:45,160 --> 00:31:50,080
Speaker 1: Services the FSB, has detained Wall Street Journal reporter Evan Gerseovich.

646
00:31:50,120 --> 00:31:52,880
Speaker 1: So Evan is an American citizen who was reporting as

647
00:31:52,960 --> 00:31:57,080
Speaker 1: part of the newspaper's Moscow bureau. The journal vehemently denies

648
00:31:57,120 --> 00:32:00,600
Speaker 1: the allegations against him. Moscow has detained him, saying that

649
00:32:00,640 --> 00:32:04,560
Speaker 1: they have evidence that he is an American spy. That quote,

650
00:32:04,560 --> 00:32:08,160
Speaker 1: he was collecting information constituting a state secret about the

651
00:32:08,200 --> 00:32:12,360
Speaker 1: activities of the enterprises of the Russian military industrial complex.

652
00:32:12,440 --> 00:32:14,840
Speaker 1: Interesting that they're willing to just call it that there

653
00:32:14,840 --> 00:32:17,320
Speaker 1: in Russia. Wall Street Journal says, quote, The Wall Street

654
00:32:17,360 --> 00:32:20,360
Speaker 1: Journal vehemently denies the allegations from the FSB and seeks

655
00:32:20,400 --> 00:32:23,720
Speaker 1: immediate release of our trusted and dedicated reporter, Evan Gersovich.

656
00:32:23,760 --> 00:32:26,480
Speaker 1: We stand in solidarity with Evan and his family. So

657
00:32:26,680 --> 00:32:30,600
Speaker 1: Gersovich is in Moscow, in the Moscow Bureau as part

658
00:32:30,600 --> 00:32:34,360
Speaker 1: of Russia. He's been accredited by the Russian Ministry as

659
00:32:34,400 --> 00:32:37,480
Speaker 1: a journalist inside of Russia. By the country's foreign ministry.

660
00:32:38,120 --> 00:32:42,000
Speaker 1: The FSB continues to claim that they had stopped illegal activities,

661
00:32:42,200 --> 00:32:45,120
Speaker 1: that he was conducting an espionage case that had been

662
00:32:45,160 --> 00:32:47,680
Speaker 1: opened up against him. Interestingly enough, you and I were

663
00:32:47,680 --> 00:32:50,520
Speaker 1: talking this morning. The location of where he was detained

664
00:32:50,600 --> 00:32:53,080
Speaker 1: is actually the most fascinating. It wasn't actually in Moscow.

665
00:32:53,160 --> 00:32:55,680
Speaker 1: It was in a Katerinburg, which is nine hundred miles

666
00:32:55,840 --> 00:32:58,480
Speaker 1: outside of Moscow. History buffs like me are like, wait,

667
00:32:58,560 --> 00:33:00,640
Speaker 1: is that the place where the Romanovs were here, Yes,

668
00:33:01,080 --> 00:33:03,840
Speaker 1: it actually is, so, you know, pretty far away from

669
00:33:03,840 --> 00:33:06,080
Speaker 1: where that is. I know there's some military assets in

670
00:33:06,120 --> 00:33:09,040
Speaker 1: the region. Look, most likely here he was doing his job,

671
00:33:09,080 --> 00:33:11,520
Speaker 1: and he was probably chasing down a story about you know,

672
00:33:11,520 --> 00:33:14,560
Speaker 1: the Russian military information collecting information. You're supposed to do

673
00:33:14,600 --> 00:33:17,960
Speaker 1: your journalist right, And once again he's they are the

674
00:33:18,000 --> 00:33:20,200
Speaker 1: ones who accredited him. And it's not like you can

675
00:33:20,240 --> 00:33:23,200
Speaker 1: just travel around Russia without anybody knowing what you're doing.

676
00:33:23,240 --> 00:33:25,080
Speaker 1: So there's no way that he didn't get on a

677
00:33:25,080 --> 00:33:27,440
Speaker 1: train to a katerin Burg without at least some acknowledgment

678
00:33:27,640 --> 00:33:30,360
Speaker 1: or the tacit approval of Russian authorities. So he's thirty

679
00:33:30,360 --> 00:33:32,959
Speaker 1: one years old, he's been working in a reporter inside

680
00:33:32,960 --> 00:33:36,520
Speaker 1: of Russia since two thousand and seventeen. Previously worked at

681
00:33:36,560 --> 00:33:39,560
Speaker 1: a gens Franz Press and the Moscow Times. Earlier was

682
00:33:39,600 --> 00:33:42,000
Speaker 1: a news assistant for New York in the New York Times.

683
00:33:42,120 --> 00:33:44,920
Speaker 1: Graduate of Boden College, and most recently wrote about the

684
00:33:44,960 --> 00:33:48,440
Speaker 1: impact of Western sanctions on the Russian economy. So very

685
00:33:48,560 --> 00:33:51,160
Speaker 1: likely here that he was just doing his job. This

686
00:33:51,240 --> 00:33:53,280
Speaker 1: is this is a nightmare scenario, though, you know He

687
00:33:53,400 --> 00:33:56,840
Speaker 1: is the first American journalist who has been detained by

688
00:33:56,880 --> 00:34:01,200
Speaker 1: Russian authority since nineteen eighty six, when the journalist Nick

689
00:34:01,280 --> 00:34:04,040
Speaker 1: Daniloff was detained on a similar charge when he was

690
00:34:04,080 --> 00:34:07,920
Speaker 1: working for the US News and World Report, specifically also

691
00:34:08,000 --> 00:34:10,239
Speaker 1: accused of spying. So if anybody wants to go back

692
00:34:10,239 --> 00:34:12,600
Speaker 1: in time, nineteen eighty six not a great time for

693
00:34:12,920 --> 00:34:15,840
Speaker 1: US Russian relations. Not a surprise to go back to

694
00:34:15,880 --> 00:34:18,640
Speaker 1: that time. And look, this is this is serious stuff.

695
00:34:18,719 --> 00:34:20,520
Speaker 1: I mean, you know, the Britney Grinder thing that we

696
00:34:20,840 --> 00:34:22,840
Speaker 1: looked at, that could just I mean that at the

697
00:34:22,920 --> 00:34:24,560
Speaker 1: end of the day she was you know, sports Like

698
00:34:24,600 --> 00:34:27,080
Speaker 1: here they are accusing him of genuinely being a spy,

699
00:34:27,360 --> 00:34:29,960
Speaker 1: right and they could throw him in jail or at

700
00:34:30,000 --> 00:34:32,839
Speaker 1: the very least like demand some sort of crazy prit

701
00:34:32,920 --> 00:34:36,040
Speaker 1: quote quid pro quo. So it's very dangerous right now

702
00:34:36,080 --> 00:34:40,239
Speaker 1: to be an American citizen inside of Russia. And more so,

703
00:34:40,480 --> 00:34:42,200
Speaker 1: you know, you got to you got to really feel

704
00:34:42,239 --> 00:34:45,399
Speaker 1: for there are a lot of Ford correspondents UK from

705
00:34:45,440 --> 00:34:47,959
Speaker 1: all over the West who are inside doing their best.

706
00:34:48,080 --> 00:34:50,759
Speaker 1: We follow many of them who are you know, very

707
00:34:50,960 --> 00:34:54,000
Speaker 1: very much facing like genuine arrests for a lot of them.

708
00:34:54,320 --> 00:34:56,240
Speaker 1: This is this is really going to change the calculus,

709
00:34:56,239 --> 00:34:58,560
Speaker 1: and that's why they did it obviously, that's why they

710
00:34:58,560 --> 00:35:01,680
Speaker 1: did it exactly right. The intent is to create a

711
00:35:01,760 --> 00:35:05,319
Speaker 1: chilling effect on any sort of real journalism coming out

712
00:35:05,320 --> 00:35:07,879
Speaker 1: of Russia, and we will all be poorer for it,

713
00:35:07,920 --> 00:35:11,279
Speaker 1: because the less that you can understand about the reality

714
00:35:11,320 --> 00:35:15,359
Speaker 1: on the ground of you know, you consider Russia your adversary,

715
00:35:15,880 --> 00:35:18,960
Speaker 1: the less intelligent decision making we can have here, the

716
00:35:19,080 --> 00:35:23,080
Speaker 1: less informed opinion the electorate can have. And so it

717
00:35:23,160 --> 00:35:25,120
Speaker 1: truly is devastating. I mean, some of the reporting that

718
00:35:25,160 --> 00:35:27,600
Speaker 1: he was doing about the impact of the sanctions and

719
00:35:27,640 --> 00:35:30,120
Speaker 1: what the reality of the economy is on the ground.

720
00:35:30,160 --> 00:35:33,760
Speaker 1: That's actually incredibly important because of course, the initial theory

721
00:35:33,800 --> 00:35:36,440
Speaker 1: of the case here was that we would not only

722
00:35:36,640 --> 00:35:39,480
Speaker 1: you know, back Ukraine as sort of a proxy ally

723
00:35:39,560 --> 00:35:42,160
Speaker 1: in terms of the on the ground fighting, but that

724
00:35:42,239 --> 00:35:46,680
Speaker 1: we would wage all out economic war in alliance with

725
00:35:46,840 --> 00:35:50,120
Speaker 1: our you know, Western partners and with NATO, and that

726
00:35:50,200 --> 00:35:52,920
Speaker 1: hasn't worked out the way that it was initially presented.

727
00:35:53,400 --> 00:35:56,399
Speaker 1: That's a really important piece of understanding where we are,

728
00:35:56,800 --> 00:36:00,000
Speaker 1: what Russia can do going forward, what they're continuing industrial

729
00:36:00,080 --> 00:36:02,719
Speaker 1: capacity is going forward, whether if we end up in

730
00:36:02,760 --> 00:36:04,839
Speaker 1: a stalemate situation, they're going to be able to ramp

731
00:36:04,880 --> 00:36:07,560
Speaker 1: up production. All of those things are incredibly key for

732
00:36:07,719 --> 00:36:10,160
Speaker 1: understanding the dynamics on the ground and what might happen

733
00:36:10,520 --> 00:36:13,880
Speaker 1: going forward. So even just the loss of this reporter

734
00:36:14,280 --> 00:36:17,239
Speaker 1: is you know, really significant in terms of our understanding

735
00:36:17,360 --> 00:36:21,720
Speaker 1: of this war. But the more important considerations, of course are,

736
00:36:21,880 --> 00:36:25,000
Speaker 1: you know, the incredible chilling effect, the fact that you

737
00:36:25,160 --> 00:36:28,480
Speaker 1: are trying to silence all real reporting on the ground,

738
00:36:28,600 --> 00:36:32,399
Speaker 1: and then the potential you know, diplomatic blowback and what

739
00:36:32,520 --> 00:36:35,120
Speaker 1: that could mean in terms of escalations and impact that

740
00:36:35,160 --> 00:36:38,480
Speaker 1: could have on the war itself. Yeah. So initial indication

741
00:36:38,640 --> 00:36:42,120
Speaker 1: is is that Gersovich his family has been contacted by

742
00:36:42,160 --> 00:36:44,400
Speaker 1: the White House. As I said, the Wall Street Journal

743
00:36:44,600 --> 00:36:48,759
Speaker 1: says that they are deeply concerned for his safety. More so,

744
00:36:49,160 --> 00:36:52,160
Speaker 1: this is going to be a major diplomatic bruhaha. I think,

745
00:36:52,239 --> 00:36:56,080
Speaker 1: you know, for unfortunately, probably some time to come. I mean,

746
00:36:56,160 --> 00:36:59,839
Speaker 1: the hope, most hopeful scenario is please release this man.

747
00:37:00,040 --> 00:37:01,680
Speaker 1: The other thing is with the Russians, like you said,

748
00:37:01,800 --> 00:37:04,920
Speaker 1: you don't want these people to be detained, an increase

749
00:37:05,400 --> 00:37:08,160
Speaker 1: tensions between us, Like you know, Evan was doing his job.

750
00:37:08,400 --> 00:37:10,319
Speaker 1: The last story I'm reading that he was doing was

751
00:37:10,560 --> 00:37:14,080
Speaker 1: merely reporting on oil and gas, natural prices inside of

752
00:37:14,080 --> 00:37:17,640
Speaker 1: the Russian economy and the overall impact of the sanctions.

753
00:37:17,880 --> 00:37:21,799
Speaker 1: That's outrageous. As you said, you would want us to know,

754
00:37:22,200 --> 00:37:24,680
Speaker 1: and it's to their benefit that we have, you know,

755
00:37:24,719 --> 00:37:28,000
Speaker 1: at least some idea what's going on inside of Russia.

756
00:37:28,080 --> 00:37:30,319
Speaker 1: So look, you know, you can crack down, but you know,

757
00:37:30,360 --> 00:37:32,719
Speaker 1: the American people and all that do not take to

758
00:37:32,760 --> 00:37:34,799
Speaker 1: this stuff very kindly. And if this is the game

759
00:37:34,800 --> 00:37:37,040
Speaker 1: they want to play, they're going down a very dangerous,

760
00:37:37,160 --> 00:37:40,120
Speaker 1: very very very dangerous road. Okay, let's go to the

761
00:37:40,160 --> 00:37:42,160
Speaker 1: second part here. We'll keep you guys updated on what

762
00:37:42,239 --> 00:37:46,120
Speaker 1: happens there. It's a terrible situation, I hope, at least immediately. Okay,

763
00:37:46,200 --> 00:37:48,560
Speaker 1: let's talk a little bit about Nordstream originally what we

764
00:37:48,560 --> 00:37:50,920
Speaker 1: were going to do here for the first part here

765
00:37:50,920 --> 00:37:55,440
Speaker 1: of the Ukraine block. Some very interesting things happening in

766
00:37:55,480 --> 00:37:57,799
Speaker 1: the UN Security Council. Let's go ahead and put this

767
00:37:57,920 --> 00:38:01,560
Speaker 1: up here on the screen from French media. Interestingly enough,

768
00:38:01,600 --> 00:38:04,000
Speaker 1: couldn't really find anything from the US media about this.

769
00:38:04,360 --> 00:38:07,799
Speaker 1: It says that the UN Security Council on Monday rejected

770
00:38:07,880 --> 00:38:11,840
Speaker 1: Moscow's draft resolution calling for an independent inquiry into the

771
00:38:11,840 --> 00:38:14,680
Speaker 1: sabotage last year of the North Stream gas pipeline from

772
00:38:14,760 --> 00:38:18,799
Speaker 1: Russia to Germany. Western countries have blamed the explosions previously

773
00:38:18,840 --> 00:38:21,279
Speaker 1: on Russia, but the Kremlin has accused the West of

774
00:38:21,320 --> 00:38:24,520
Speaker 1: sabotage now. Interestingly, what they don't note is that there

775
00:38:24,520 --> 00:38:27,440
Speaker 1: have been numerous now leaks from the US intelligence community

776
00:38:27,560 --> 00:38:29,960
Speaker 1: who also say that it likely wasn't the Kremlin who

777
00:38:29,960 --> 00:38:32,680
Speaker 1: blew up blew up the North Stream pipeline, and if anything,

778
00:38:32,920 --> 00:38:37,640
Speaker 1: it was likely people who were Ukrainian of origin or

779
00:38:37,680 --> 00:38:41,880
Speaker 1: at the very least connected in some way, possibly to

780
00:38:41,960 --> 00:38:44,600
Speaker 1: the Ukrainian state, because of course every rotary club in

781
00:38:44,680 --> 00:38:49,160
Speaker 1: Ukraine has access to sophisticated yeah right, rogue rotary club,

782
00:38:49,680 --> 00:38:54,600
Speaker 1: rogue roadary clubs, sophisticated deep training of blow up on

783
00:38:54,719 --> 00:38:56,680
Speaker 1: the right. Who amongst us doesn't have that type of

784
00:38:57,040 --> 00:38:59,640
Speaker 1: seems really highly credible. Any guy with a patty certificate

785
00:38:59,680 --> 00:39:02,759
Speaker 1: can do this, right of course, yeah, absolutely Anyway, the

786
00:39:02,800 --> 00:39:04,959
Speaker 1: resolution called for the creation of a commission to quote

787
00:39:05,000 --> 00:39:09,360
Speaker 1: conduct comprehensive, transparent and impartial international investigation of all aspects

788
00:39:09,360 --> 00:39:11,839
Speaker 1: of the act of sabotage on the Nordstream gas pipelines,

789
00:39:11,960 --> 00:39:16,720
Speaker 1: including the identification of perpetrator, sponsors, organizers and accomplices. Russia

790
00:39:16,760 --> 00:39:18,920
Speaker 1: says it had been left out of his investigations launched

791
00:39:19,040 --> 00:39:22,080
Speaker 1: independently by Sweden, Germany and Denmark, all of which I've

792
00:39:22,120 --> 00:39:25,279
Speaker 1: rejected that accusation. That's the weird part here is that

793
00:39:25,320 --> 00:39:30,200
Speaker 1: the European countries, despite behind the scenes acknowledging that it

794
00:39:30,440 --> 00:39:33,319
Speaker 1: very likely wasn't the Kremlin, are still sticking to their

795
00:39:33,360 --> 00:39:36,120
Speaker 1: story and are now coming out and rejecting it. You know,

796
00:39:36,160 --> 00:39:39,919
Speaker 1: the White House also is using this canard where they

797
00:39:40,080 --> 00:39:43,640
Speaker 1: are going after the Seymour Horse Hearsch report being like

798
00:39:43,760 --> 00:39:47,040
Speaker 1: Seymour Horse's report is wrong. He says America blew up

799
00:39:47,200 --> 00:39:49,520
Speaker 1: the nord Stream pipeline. All of that. Well, first of all,

800
00:39:49,520 --> 00:39:50,759
Speaker 1: I don't know if he's wrong or not. I mean,

801
00:39:50,760 --> 00:39:53,359
Speaker 1: he's pretty credible politic surprise winning journalists. You should watch

802
00:39:53,400 --> 00:39:56,520
Speaker 1: the report, the interview that he did with Ryan Gramman

803
00:39:56,560 --> 00:39:59,879
Speaker 1: Emily Jasinski if you're interested. But they continued to cling

804
00:40:00,080 --> 00:40:03,040
Speaker 1: to that and deny that rather than deny also their

805
00:40:03,120 --> 00:40:05,920
Speaker 1: own intelligence community, which is coming out. I mean, I

806
00:40:05,920 --> 00:40:08,480
Speaker 1: don't know if you saw the latest update, Crystal, They're like, yeah,

807
00:40:08,520 --> 00:40:10,319
Speaker 1: there were six guys in a boat and they were

808
00:40:10,400 --> 00:40:12,080
Speaker 1: Ukrainian and those are the guys who blew up the

809
00:40:12,080 --> 00:40:14,319
Speaker 1: North Stream pot. Nobody knows who they are. Like, first

810
00:40:14,320 --> 00:40:17,320
Speaker 1: of all, that's bullshit if you ask me that nobody

811
00:40:17,320 --> 00:40:19,520
Speaker 1: knows who they are. What was it? It It was like

812
00:40:19,560 --> 00:40:22,120
Speaker 1: they were backed up by a secret backer or something

813
00:40:22,200 --> 00:40:23,879
Speaker 1: like that. I'm like, well, I'll let you surmise who

814
00:40:23,920 --> 00:40:28,560
Speaker 1: that's might. Again, the point being that initials sure is

815
00:40:28,640 --> 00:40:32,160
Speaker 1: Russia bad faith in many regards, yes, just to the

816
00:40:32,239 --> 00:40:35,480
Speaker 1: UN Security Council, though, do itself any favors where the

817
00:40:35,520 --> 00:40:38,080
Speaker 1: wording of this, I mean, it does seem pretty reasonable,

818
00:40:38,120 --> 00:40:40,319
Speaker 1: like you could look in there looking for poison pills

819
00:40:40,360 --> 00:40:41,839
Speaker 1: and all that. All they're saying is if you want

820
00:40:41,880 --> 00:40:46,200
Speaker 1: a UN independent and investigation about this, to acknowledge it.

821
00:40:46,239 --> 00:40:50,120
Speaker 1: And it was rejected by all the other members of

822
00:40:50,160 --> 00:40:53,200
Speaker 1: the Permanent Security Council. I mean, clearly that just doesn't

823
00:40:53,200 --> 00:40:55,200
Speaker 1: look good for them in terms of a cover up.

824
00:40:55,280 --> 00:41:00,160
Speaker 1: The resolution got three affirmative votes from China, Brazil and Russia.

825
00:41:00,239 --> 00:41:05,000
Speaker 1: The other twelve members all abstained what it called for, specifically,

826
00:41:05,200 --> 00:41:08,200
Speaker 1: was the creation of a Commission to conduct comprehensive, transparent

827
00:41:08,239 --> 00:41:11,319
Speaker 1: and impartial international investigation of all aspects of the act

828
00:41:11,320 --> 00:41:13,840
Speaker 1: of sabotage on the Nordstream one and two gas pipelines,

829
00:41:13,880 --> 00:41:19,239
Speaker 1: including identification of its perpetrators, sponsors, organizers and accomplices. According

830
00:41:19,280 --> 00:41:23,080
Speaker 1: to this reporting, there had originally been some kind of

831
00:41:23,080 --> 00:41:25,560
Speaker 1: hot language and there basically like accusing the US of

832
00:41:25,600 --> 00:41:28,759
Speaker 1: being involved, that got stripped out before it was put

833
00:41:28,800 --> 00:41:31,080
Speaker 1: to a vote to try to make it, you know,

834
00:41:31,160 --> 00:41:35,120
Speaker 1: at least appear very neutral on its face. And I

835
00:41:35,160 --> 00:41:38,440
Speaker 1: think that Russia has a point here when they say

836
00:41:38,480 --> 00:41:41,080
Speaker 1: they've been left down of investigations launched by Sweden, Germany

837
00:41:41,080 --> 00:41:45,160
Speaker 1: and Denmark. Okay, I might understand that, But also we

838
00:41:45,400 --> 00:41:50,280
Speaker 1: are not actually getting any information out of those investigations. Instead,

839
00:41:50,320 --> 00:41:55,439
Speaker 1: we're relying on these very selective leaks and allegations made

840
00:41:55,560 --> 00:41:59,279
Speaker 1: through you know, close administration allies in the Western press.

841
00:41:59,560 --> 00:42:02,400
Speaker 1: That's really the only insight that we're getting into whatever

842
00:42:02,440 --> 00:42:05,680
Speaker 1: they claim to have found here. So, yeah, this was

843
00:42:05,719 --> 00:42:10,440
Speaker 1: an active international terrorism. It's hard to overstate how significant

844
00:42:10,800 --> 00:42:13,640
Speaker 1: an act this truly was, and to get to the

845
00:42:13,640 --> 00:42:16,279
Speaker 1: bottom of it is something that everyone should really have

846
00:42:16,320 --> 00:42:18,680
Speaker 1: an interest in except for the people who were the

847
00:42:18,680 --> 00:42:22,600
Speaker 1: perpetrators of it. So I think it is quite telling

848
00:42:22,880 --> 00:42:29,799
Speaker 1: that the UN overwhelmingly rejects this idea of an international, cooperative,

849
00:42:30,040 --> 00:42:33,680
Speaker 1: independent investigation into what actually happened here. Yeah, I think

850
00:42:33,719 --> 00:42:35,880
Speaker 1: it's a major problem. We had, you know, professor Jeffrey

851
00:42:35,880 --> 00:42:39,080
Speaker 1: Sachs call mea university actually testified before the United Nations

852
00:42:39,080 --> 00:42:40,960
Speaker 1: here as we had to say, the destruction of the

853
00:42:41,000 --> 00:42:44,839
Speaker 1: nord Stream pipelines on September twenty sixth, twenty twenty two

854
00:42:45,000 --> 00:42:49,440
Speaker 1: constitutes an act of international terrorism and represents a threat

855
00:42:49,480 --> 00:42:52,799
Speaker 1: to the piece. It is the responsibility of the UN

856
00:42:52,920 --> 00:42:56,279
Speaker 1: Security Council to take up the question of who might

857
00:42:56,280 --> 00:42:58,759
Speaker 1: have carried out the act in order to bring the

858
00:42:58,800 --> 00:43:03,160
Speaker 1: perpetrator to Internet national justice, to pursue compensation for the

859
00:43:03,239 --> 00:43:09,240
Speaker 1: damage parties, and to prevent future such actions. The consequences

860
00:43:09,280 --> 00:43:12,520
Speaker 1: of the destruction of the nord Stream pipelines are enormous.

861
00:43:13,160 --> 00:43:16,840
Speaker 1: They include not only the vast economic losses related to

862
00:43:16,880 --> 00:43:21,640
Speaker 1: the pipelines themselves and their future potential use, but also

863
00:43:21,800 --> 00:43:27,279
Speaker 1: the heightened threat to transboundary infrastructure of all kinds, submarine

864
00:43:27,320 --> 00:43:34,000
Speaker 1: internet cables, international pipelines for gas and hydrogen, transboundary power transmission,

865
00:43:34,600 --> 00:43:37,759
Speaker 1: offshore wind farms and more. Yeah. I mean he's right

866
00:43:37,880 --> 00:43:40,680
Speaker 1: in terms of the undersea cables, the Internet, so many

867
00:43:40,680 --> 00:43:43,080
Speaker 1: of those names there was it was it several years

868
00:43:43,120 --> 00:43:45,040
Speaker 1: ago that one of the undersea cables had an issue

869
00:43:45,040 --> 00:43:47,000
Speaker 1: and the Internet was at risk for like all of

870
00:43:47,040 --> 00:43:49,080
Speaker 1: Europe or something like that. Do you remember that the

871
00:43:49,120 --> 00:43:53,360
Speaker 1: Transatlantic cable. Yeah. Look, there's a lot of stuff underneath

872
00:43:53,360 --> 00:43:55,760
Speaker 1: the sea. When we start blowing stuff up and messing

873
00:43:55,760 --> 00:43:58,239
Speaker 1: with it, it it access sabotage probably haven't been done it

874
00:43:58,239 --> 00:43:59,799
Speaker 1: over one hundred years or so, I guess since the

875
00:44:00,040 --> 00:44:01,600
Speaker 1: World War Two, the last time that we saw in

876
00:44:01,600 --> 00:44:04,759
Speaker 1: his sort of wide scale acts like this. It's going

877
00:44:04,840 --> 00:44:07,239
Speaker 1: to be a major problem. And all of this is

878
00:44:07,280 --> 00:44:09,040
Speaker 1: just a long way of saying we should all want

879
00:44:09,040 --> 00:44:11,120
Speaker 1: to know what happened to the nord Stream pipeline unless

880
00:44:11,120 --> 00:44:12,439
Speaker 1: you're one of the people who blew it up. Yeah,

881
00:44:12,440 --> 00:44:15,240
Speaker 1: so maybe that's one of the reasons i't complete shutdown

882
00:44:15,239 --> 00:44:17,560
Speaker 1: of all Ukrainian rotary clubs until we figure out what

883
00:44:17,600 --> 00:44:19,120
Speaker 1: the hell is going on. Correct, Let's go to the

884
00:44:19,160 --> 00:44:23,040
Speaker 1: second part here. Very interesting developments. Let's go and put

885
00:44:23,040 --> 00:44:24,719
Speaker 1: this up there on the screen. There's actually a little

886
00:44:24,719 --> 00:44:26,200
Speaker 1: bit of breaking I can add on top of this.

887
00:44:26,360 --> 00:44:29,520
Speaker 1: So the Ukrainian Foreign Minister sat for an interview with

888
00:44:29,600 --> 00:44:33,279
Speaker 1: the Financial Times talking about China and Zelenski Actually, late

889
00:44:33,360 --> 00:44:37,640
Speaker 1: last night Crystal invited President Shishingping to visit Ukraine. So

890
00:44:38,040 --> 00:44:40,799
Speaker 1: if you put these two things together, it's interesting. When

891
00:44:40,800 --> 00:44:44,400
Speaker 1: Elon Musk tweets that maybe we should not allow a

892
00:44:44,480 --> 00:44:47,440
Speaker 1: nuclear war to happen over Crimea. You know, Zelenski attacks

893
00:44:47,480 --> 00:44:49,880
Speaker 1: him from his Twitter account, the Ukrainians freak out the

894
00:44:50,000 --> 00:44:54,680
Speaker 1: NAFO guys on Twitter or you Elon is a putin asset.

895
00:44:54,880 --> 00:44:58,200
Speaker 1: Whenever the Chinese offer a peace proposal, the Ukrainians have

896
00:44:58,239 --> 00:45:00,520
Speaker 1: to take it real seriously for a number of reasons.

897
00:45:00,560 --> 00:45:04,120
Speaker 1: Number one, their worst nightmare is China beginning to provide

898
00:45:04,200 --> 00:45:06,200
Speaker 1: lethal aid to Russia that they can use on the

899
00:45:06,239 --> 00:45:09,600
Speaker 1: battlefield in Ukraine. Two. China is a long time trade

900
00:45:09,640 --> 00:45:12,880
Speaker 1: partner and purchaser of Ukrainian grain and perhaps props up

901
00:45:12,880 --> 00:45:15,640
Speaker 1: a decent amount of their economy. Was their largest trading

902
00:45:15,640 --> 00:45:18,880
Speaker 1: partner until recently one of their largest trading partners. Three.

903
00:45:19,440 --> 00:45:22,279
Speaker 1: They know that if they don't entertain this well, that

904
00:45:22,320 --> 00:45:26,680
Speaker 1: the ongoing diplomatic efforts that the Chinese are making will

905
00:45:26,680 --> 00:45:29,160
Speaker 1: be used against them. China actually just struck a deal

906
00:45:29,360 --> 00:45:32,000
Speaker 1: yesterday with Brazil to no longer have trade between the

907
00:45:32,000 --> 00:45:35,040
Speaker 1: two nations denominated in US dollars. That's something that they've

908
00:45:35,120 --> 00:45:38,440
Speaker 1: long been trying to go against. And lo and behold,

909
00:45:38,480 --> 00:45:41,319
Speaker 1: it's an easy way to get around any sanctions. You know,

910
00:45:41,640 --> 00:45:43,359
Speaker 1: this is a funny thing too. I remember going back

911
00:45:43,600 --> 00:45:46,000
Speaker 1: and talking about the saying everyone's like, oh, the sanctions

912
00:45:46,040 --> 00:45:47,560
Speaker 1: like so worth it. First of all, not a lot

913
00:45:47,560 --> 00:45:49,240
Speaker 1: of evidence, so it works the way that it is attended.

914
00:45:49,320 --> 00:45:52,880
Speaker 1: Seems like Russia's military is doing fine in Ukraine. Second,

915
00:45:53,120 --> 00:45:54,799
Speaker 1: one of the points I was trying to make is like, hey,

916
00:45:54,840 --> 00:45:57,080
Speaker 1: if we're ever in a real thing, we just blew

917
00:45:57,120 --> 00:45:59,560
Speaker 1: it like it's over. You know, China's looking at this

918
00:45:59,600 --> 00:46:01,480
Speaker 1: and like, okay, we got a sanction proof our economy. No.

919
00:46:01,680 --> 00:46:05,280
Speaker 1: I mean, we literally just blew the entire international sanction

920
00:46:05,400 --> 00:46:08,640
Speaker 1: system that could have worked at one time, potentially in

921
00:46:08,719 --> 00:46:10,920
Speaker 1: some sort of future issue that you have with a

922
00:46:11,000 --> 00:46:14,520
Speaker 1: real power like China on Russia. And now the Chinese

923
00:46:14,520 --> 00:46:16,960
Speaker 1: are doing their absolute best to build up the noomatic

924
00:46:17,000 --> 00:46:20,120
Speaker 1: capital and sanctioned proof their own economy and international trade

925
00:46:20,160 --> 00:46:23,200
Speaker 1: relations with countries like Brazil, who last time I checked

926
00:46:23,239 --> 00:46:25,160
Speaker 1: as one of the largest powers in all of South America.

927
00:46:25,239 --> 00:46:27,399
Speaker 1: So we know once again one of the reasons why

928
00:46:27,440 --> 00:46:30,640
Speaker 1: it was such an idiotic mistake to do so. But overall,

929
00:46:30,840 --> 00:46:34,239
Speaker 1: what did this Ukrainian format minister say? He says, quote,

930
00:46:34,320 --> 00:46:37,040
Speaker 1: China is testing the grounds in terms of the peace process,

931
00:46:37,040 --> 00:46:38,840
Speaker 1: whether the moment has come for them to play a

932
00:46:38,960 --> 00:46:41,239
Speaker 1: role or not. Listen again to the language, he's not

933
00:46:41,239 --> 00:46:43,880
Speaker 1: shooting it down, He says. Beijing has currently still not

934
00:46:43,920 --> 00:46:47,400
Speaker 1: conceded to the request from Zelenski for a conversation with Shishinping,

935
00:46:47,640 --> 00:46:49,719
Speaker 1: part of the reason why she Zelenski went ahead and

936
00:46:49,719 --> 00:46:52,719
Speaker 1: invited him to the capital here this morning. But he

937
00:46:52,800 --> 00:46:56,280
Speaker 1: also said that China's foreign minister earlier this month assured

938
00:46:56,360 --> 00:46:59,399
Speaker 1: him that China would not provide weapons to Russia, which

939
00:46:59,400 --> 00:47:02,600
Speaker 1: is interesting the fact that the two foreign ministers are speaking,

940
00:47:02,640 --> 00:47:05,120
Speaker 1: He says, Kiev currently sees no evidence that they are

941
00:47:05,120 --> 00:47:07,680
Speaker 1: doing so. He has made it clear to Chinese officials

942
00:47:07,719 --> 00:47:09,680
Speaker 1: it is very inappropriate to try and put on the

943
00:47:09,680 --> 00:47:12,920
Speaker 1: same footing military support provided to Ukraine and military support

944
00:47:12,960 --> 00:47:17,480
Speaker 1: provided to Russia. Overall though they are. What is obvious

945
00:47:17,520 --> 00:47:20,919
Speaker 1: to me in this is that they view this as

946
00:47:20,960 --> 00:47:24,520
Speaker 1: a very important development that they have to take very seriously.

947
00:47:24,760 --> 00:47:27,120
Speaker 1: You know, if somebody like you or I Crystal says

948
00:47:27,120 --> 00:47:29,040
Speaker 1: what the Chinese did, then we'll end up on some

949
00:47:29,080 --> 00:47:34,160
Speaker 1: weird Ukrainian media blacklist like Glenn Greenwald and other people.

950
00:47:34,239 --> 00:47:37,359
Speaker 1: But when the Chinese government, which has real power behind it,

951
00:47:37,400 --> 00:47:40,040
Speaker 1: they are forced to entertain. So once again shows you

952
00:47:40,080 --> 00:47:43,480
Speaker 1: that a path to resolution is very likely not to

953
00:47:43,520 --> 00:47:48,080
Speaker 1: run through Washington and increasingly possibly could run through Beijing,

954
00:47:48,560 --> 00:47:50,160
Speaker 1: just because of the sheer amount of power they have

955
00:47:50,200 --> 00:47:53,319
Speaker 1: over the situation. Right now. Yeah, I thought perhaps the

956
00:47:53,320 --> 00:47:56,200
Speaker 1: most interesting line to me in this whole piece from

957
00:47:56,239 --> 00:47:59,319
Speaker 1: the Financial Times, which has done good reporting here. Yes, great,

958
00:48:00,080 --> 00:48:04,200
Speaker 1: they say Western capitals have expressed skepticism about china statement

959
00:48:04,239 --> 00:48:06,439
Speaker 1: of Principles for ending the war, which it issued last month,

960
00:48:06,640 --> 00:48:10,280
Speaker 1: but officials in Kiev are keen to engage with Beijing,

961
00:48:10,760 --> 00:48:16,080
Speaker 1: which also once again exposes the lie of Biden's repeated

962
00:48:16,120 --> 00:48:19,080
Speaker 1: statement that nothing about Ukraine without Ukraine except when it

963
00:48:19,120 --> 00:48:20,920
Speaker 1: comes to China trying to broke or receive spire or

964
00:48:20,960 --> 00:48:23,000
Speaker 1: peace deal. Then it's like no, no, no, we can't

965
00:48:23,000 --> 00:48:25,080
Speaker 1: have that. So it just showed I mean, that was

966
00:48:25,120 --> 00:48:28,160
Speaker 1: always a farce. It was always we were always the

967
00:48:28,360 --> 00:48:31,120
Speaker 1: dominant figures. We always had an opinion about how this

968
00:48:31,160 --> 00:48:33,680
Speaker 1: wanted to go. And the war has been folded exactly

969
00:48:33,719 --> 00:48:36,360
Speaker 1: in the way that the US has wanted it to unfold,

970
00:48:36,480 --> 00:48:38,880
Speaker 1: in terms of the Ukrainian approach and the length of

971
00:48:38,920 --> 00:48:42,600
Speaker 1: time that it is taken. So now that there's any

972
00:48:42,640 --> 00:48:45,919
Speaker 1: sort of slight opening of peace talks from the Chinese side,

973
00:48:45,920 --> 00:48:47,799
Speaker 1: which may or may not be real, I just want

974
00:48:47,800 --> 00:48:50,480
Speaker 1: to be really clear and like tempering expectations here, and

975
00:48:50,600 --> 00:48:53,560
Speaker 1: Ukraine is interested, then we're like no, no, no, We've

976
00:48:53,600 --> 00:48:56,040
Speaker 1: got our own opinion here. So that is quite remarkable.

977
00:48:56,080 --> 00:48:58,080
Speaker 1: I also thought some of the analysis here was interesting

978
00:48:58,120 --> 00:49:01,080
Speaker 1: which I hadn't thought of before in terms of what

979
00:49:01,440 --> 00:49:05,799
Speaker 1: China's ideal situation is with regard to Russia, and the

980
00:49:05,960 --> 00:49:09,640
Speaker 1: argument put forth here is basically like China wants also

981
00:49:09,680 --> 00:49:12,000
Speaker 1: would like Russia to be kind of weakened because they

982
00:49:12,000 --> 00:49:14,920
Speaker 1: get cheaper gas prices then, so that's a good situation

983
00:49:15,200 --> 00:49:18,080
Speaker 1: for them. But they don't want Russia to like completely

984
00:49:18,080 --> 00:49:20,440
Speaker 1: fail and become dependent on them. Obviously, they want them

985
00:49:20,440 --> 00:49:24,120
Speaker 1: as the clear weaken junior partner. That's like the ideal scenario.

986
00:49:24,160 --> 00:49:25,960
Speaker 1: I can get some insight into this. I started a

987
00:49:26,000 --> 00:49:28,600
Speaker 1: long time like Chinese North Korean relations because one of

988
00:49:28,640 --> 00:49:30,200
Speaker 1: the things is like, why do they care so much?

989
00:49:30,520 --> 00:49:33,600
Speaker 1: Why are they guaranteed right North Korean regime? Here's the deal.

990
00:49:33,640 --> 00:49:37,280
Speaker 1: They like it. They like having this junior nuclear power

991
00:49:37,640 --> 00:49:40,720
Speaker 1: prod in the west right up there against South Korea

992
00:49:40,800 --> 00:49:44,200
Speaker 1: traditional not necessarily an ally of the Chinese, and they

993
00:49:44,280 --> 00:49:46,640
Speaker 1: like having this you know, hammer that they have over

994
00:49:46,680 --> 00:49:49,520
Speaker 1: the South Koreans anytime that they want, every time they

995
00:49:49,520 --> 00:49:51,160
Speaker 1: get a little too upd eat in terms of their

996
00:49:51,320 --> 00:49:55,279
Speaker 1: military equipment. And also it's basically like a dog that

997
00:49:55,360 --> 00:49:58,279
Speaker 1: you feed that is terrorizing somebody that you don't like.

998
00:49:58,480 --> 00:50:00,640
Speaker 1: It's the same thing with Russia. They love the fact

999
00:50:00,719 --> 00:50:03,400
Speaker 1: too that North Korea is totally dependent on the Chinese

1000
00:50:03,440 --> 00:50:05,560
Speaker 1: for trade relations for a lot of it's goods for

1001
00:50:05,760 --> 00:50:08,400
Speaker 1: the border that they share. Same thing with the Russians.

1002
00:50:08,719 --> 00:50:10,839
Speaker 1: I know I'm a broken record on this, but one

1003
00:50:10,880 --> 00:50:12,840
Speaker 1: of the things that we always wanted to provide or

1004
00:50:13,160 --> 00:50:15,799
Speaker 1: prevent was the growing China being an ally with the

1005
00:50:15,800 --> 00:50:18,120
Speaker 1: Soviet Union because we recognize that it would be a disaster.

1006
00:50:18,320 --> 00:50:20,720
Speaker 1: The power dynamic is flipped. You know, basically the Soviet

1007
00:50:21,280 --> 00:50:24,160
Speaker 1: Russia is now basically China in nineteen seventy and China

1008
00:50:24,239 --> 00:50:26,239
Speaker 1: is now this is probably more powerful ever than the

1009
00:50:26,239 --> 00:50:28,080
Speaker 1: Soviet Union ever was. And you put the two of

1010
00:50:28,080 --> 00:50:31,800
Speaker 1: them together. That's not a good geopolitical situation for US overall.

1011
00:50:31,880 --> 00:50:34,319
Speaker 1: They would never want Russia to fade, you know, any

1012
00:50:34,320 --> 00:50:36,879
Speaker 1: sort of democratic type Russia would be a a disaster for them.

1013
00:50:36,960 --> 00:50:39,759
Speaker 1: You don't forget the long land border that they share

1014
00:50:39,840 --> 00:50:43,600
Speaker 1: up in the north. So overall, strategically, things are just

1015
00:50:43,640 --> 00:50:46,600
Speaker 1: moving in a bad direction for the US if you

1016
00:50:46,680 --> 00:50:50,560
Speaker 1: care about the US being a global peacemaker, yeah, for sure.

1017
00:50:50,880 --> 00:50:54,920
Speaker 1: And China is clearly seizing every opportunity available right now

1018
00:50:54,960 --> 00:50:58,759
Speaker 1: with the Saudi Iran deal with these you know, potential

1019
00:50:59,160 --> 00:51:02,840
Speaker 1: getting involved in negotiations, possibility with the deal they just

1020
00:51:02,880 --> 00:51:06,799
Speaker 1: did with Brazil to try to further force into reality

1021
00:51:07,400 --> 00:51:09,640
Speaker 1: multipolar world that they very much want. I mean, they're

1022
00:51:09,719 --> 00:51:11,719
Speaker 1: very overt about that. Well. I mean, I can't help

1023
00:51:11,760 --> 00:51:14,200
Speaker 1: but think about that comment that she made whenever he

1024
00:51:14,320 --> 00:51:16,399
Speaker 1: was leaving the Kremlin, and he said, you know, change

1025
00:51:16,480 --> 00:51:18,439
Speaker 1: is coming that we haven't seen in one hundred years

1026
00:51:18,440 --> 00:51:20,640
Speaker 1: and oh no, no no, what happened a hundred years ago?

1027
00:51:20,719 --> 00:51:22,879
Speaker 1: Oh right, the First World War? Okay, didn't work out.

1028
00:51:22,920 --> 00:51:25,240
Speaker 1: So well, let's go to the next part here TikTok.

1029
00:51:25,320 --> 00:51:26,680
Speaker 1: I know, there was a lot of discussion and Ryan

1030
00:51:26,680 --> 00:51:29,080
Speaker 1: and Emily did a very good job watch everything that

1031
00:51:29,120 --> 00:51:31,480
Speaker 1: it could that they had about it yesterday. So we

1032
00:51:31,520 --> 00:51:33,560
Speaker 1: wanted to add a little bit on the discussion about

1033
00:51:33,600 --> 00:51:36,520
Speaker 1: the restrict Act and also how Americans are feeling about it.

1034
00:51:36,560 --> 00:51:38,960
Speaker 1: Something very interesting. Let's go and put this up there

1035
00:51:38,960 --> 00:51:41,400
Speaker 1: on the screen. So there is a new poll actually

1036
00:51:41,480 --> 00:51:44,600
Speaker 1: out from Maris that shows that American support banning TikTok

1037
00:51:44,840 --> 00:51:48,000
Speaker 1: at a margin of fifty seven percent to thirty six percent.

1038
00:51:48,200 --> 00:51:52,080
Speaker 1: The support is actually bipartisan, with the majorities of rs

1039
00:51:52,239 --> 00:51:57,080
Speaker 1: d's in favor significantly crystal. The youth number in it

1040
00:51:57,120 --> 00:52:01,520
Speaker 1: is at fifty percent. The gen Z number actually fifty percent, well,

1041
00:52:01,600 --> 00:52:05,120
Speaker 1: the gen Z slash millennials number, okay, which is definitely

1042
00:52:05,160 --> 00:52:07,319
Speaker 1: a lot different than the GENS number. If you look

1043
00:52:07,360 --> 00:52:11,920
Speaker 1: at the age dynamics, there is a very clear like

1044
00:52:12,560 --> 00:52:16,799
Speaker 1: silent and Greatest generation overwhelmingly favor and it does kind

1045
00:52:16,840 --> 00:52:19,160
Speaker 1: of go you know, the support goes down as you

1046
00:52:19,200 --> 00:52:21,600
Speaker 1: get younger. So it's not as low as I thought

1047
00:52:21,600 --> 00:52:23,160
Speaker 1: it would be. Yeah, you know, if you look, if

1048
00:52:23,160 --> 00:52:25,520
Speaker 1: you look at Okay, So currently Rand Paul is blocking

1049
00:52:25,600 --> 00:52:28,320
Speaker 1: a unanimous consent order because he's like if the GOP

1050
00:52:28,480 --> 00:52:30,919
Speaker 1: never wants to win the youth vote again. And it's like, well,

1051
00:52:30,960 --> 00:52:33,319
Speaker 1: you know, it's not actually tons of evidence right now

1052
00:52:33,360 --> 00:52:37,520
Speaker 1: that they even would object. But overall from a polling perspective,

1053
00:52:37,520 --> 00:52:39,040
Speaker 1: I mean, I don't think it's a surprise and people

1054
00:52:39,080 --> 00:52:41,920
Speaker 1: are not stupid from what they're looking at. The real

1055
00:52:41,960 --> 00:52:44,360
Speaker 1: issue is about the mechanism, and this is where you know,

1056
00:52:44,400 --> 00:52:46,400
Speaker 1: I've done my best to dig as much into this.

1057
00:52:46,520 --> 00:52:48,439
Speaker 1: I know that there's a lot of consternation right now

1058
00:52:48,640 --> 00:52:50,960
Speaker 1: about the Restrict Act, and we will lay it out

1059
00:52:51,000 --> 00:52:52,960
Speaker 1: though for those who have not yet heard it. The

1060
00:52:53,040 --> 00:52:56,400
Speaker 1: Restrict Act is the you It's a Biden administration Mark

1061
00:52:56,440 --> 00:53:00,080
Speaker 1: Warner bill authorized one inside the Senate which they are pushing,

1062
00:53:00,200 --> 00:53:03,200
Speaker 1: which would give them the authorization to ban TikTok if

1063
00:53:03,200 --> 00:53:06,320
Speaker 1: they wanted. Now, the details of this were not public

1064
00:53:06,400 --> 00:53:09,720
Speaker 1: until just two days ago. Now that the actual bill

1065
00:53:09,920 --> 00:53:12,359
Speaker 1: has come forward, which has been co sponsored by all

1066
00:53:12,400 --> 00:53:14,560
Speaker 1: of these different people, what we are finding out is

1067
00:53:14,560 --> 00:53:16,600
Speaker 1: that the Act it doesn't really have anything to do

1068
00:53:16,640 --> 00:53:19,160
Speaker 1: with TikTok even if so if that's what you want

1069
00:53:19,160 --> 00:53:22,600
Speaker 1: something I've advocated for, it actually is about giving authority

1070
00:53:22,640 --> 00:53:25,920
Speaker 1: to the government to basically ban and surveil communications across

1071
00:53:25,960 --> 00:53:28,239
Speaker 1: all of social media. So we pulled some of the

1072
00:53:28,320 --> 00:53:29,959
Speaker 1: elements of this is going to put this up there

1073
00:53:30,160 --> 00:53:32,880
Speaker 1: on the screen just to show people. I say, the

1074
00:53:32,920 --> 00:53:35,399
Speaker 1: restrict Act is not just limited to TikTok. It gives

1075
00:53:35,440 --> 00:53:38,840
Speaker 1: the government authority over all communication domestic or abroad, and

1076
00:53:38,920 --> 00:53:42,400
Speaker 1: grants powers to enforce quote any mitigation measure to address

1077
00:53:42,520 --> 00:53:46,839
Speaker 1: risk and national security now and in any potential future transaction,

1078
00:53:47,040 --> 00:53:50,799
Speaker 1: including but not limited to financial transactions. So this is

1079
00:53:50,880 --> 00:53:55,400
Speaker 1: actually almost completely similar to the Patriot Act. For what

1080
00:53:55,520 --> 00:53:58,000
Speaker 1: you want to look at, I mean review and prohibit

1081
00:53:58,040 --> 00:54:00,479
Speaker 1: certain transactions between persons in the United States in foreign

1082
00:54:00,520 --> 00:54:04,279
Speaker 1: adversaries and for other purposes. Again, who defines foreign adversary?

1083
00:54:04,400 --> 00:54:07,640
Speaker 1: What does that even mean? Enforcing mitigation measures to address

1084
00:54:07,719 --> 00:54:10,120
Speaker 1: risk arising from any cover transaction by any person with

1085
00:54:10,160 --> 00:54:13,080
Speaker 1: respect to any property subject to the jurisdiction of the

1086
00:54:13,160 --> 00:54:17,440
Speaker 1: United States that the Secretary determines and then even worse

1087
00:54:17,600 --> 00:54:20,239
Speaker 1: is the quote potential future of transaction. So there are

1088
00:54:20,960 --> 00:54:24,480
Speaker 1: several other things within the Act that you can take

1089
00:54:24,680 --> 00:54:27,279
Speaker 1: a look at, but overall, I mean, let's go to

1090
00:54:27,360 --> 00:54:29,560
Speaker 1: the next one there please just to take a look,

1091
00:54:29,600 --> 00:54:32,400
Speaker 1: because really what you can see is that the Designated

1092
00:54:32,480 --> 00:54:34,640
Speaker 1: National Security Act for what they can for what they

1093
00:54:34,640 --> 00:54:40,160
Speaker 1: can come to includes wireless, local networks, mobile networks, satellite payloads,

1094
00:54:40,200 --> 00:54:44,399
Speaker 1: satellite operations, control cable access points, wireline access points, core

1095
00:54:44,480 --> 00:54:48,600
Speaker 1: networking systems, edge computer platforms, cloud based, distributed. I mean,

1096
00:54:48,719 --> 00:54:51,920
Speaker 1: this is a blank check to the Department of Homeland

1097
00:54:51,920 --> 00:54:55,759
Speaker 1: Security and to the White House to surveil basically anything.

1098
00:54:56,040 --> 00:54:59,560
Speaker 1: And it's almost analogous to the FISA situation where in

1099
00:54:59,600 --> 00:55:02,120
Speaker 1: FIS they were like, listen, don't worry about it. It's

1100
00:55:02,160 --> 00:55:05,239
Speaker 1: one of those warrants that applies to people outside of America.

1101
00:55:05,280 --> 00:55:07,319
Speaker 1: But if you're in America and you start talking to

1102
00:55:07,320 --> 00:55:09,799
Speaker 1: somebody under FIZA, oh yeah, then they can surveil you, right.

1103
00:55:09,840 --> 00:55:11,920
Speaker 1: And it's like, so it's a backdoor way. This is

1104
00:55:11,960 --> 00:55:14,239
Speaker 1: not even a backdoor basically just front door, you know,

1105
00:55:14,360 --> 00:55:17,840
Speaker 1: right into any comms. It wouldn't even just concern TikTok.

1106
00:55:17,920 --> 00:55:21,520
Speaker 1: I mean we're talking here about almost every single app

1107
00:55:21,560 --> 00:55:23,719
Speaker 1: that you use on your phone, and would also give

1108
00:55:23,760 --> 00:55:26,799
Speaker 1: them the ability to try and go to encryption based

1109
00:55:26,840 --> 00:55:29,399
Speaker 1: messaging companies if you want it. If you're talking. I mean,

1110
00:55:29,840 --> 00:55:32,600
Speaker 1: how many people use WhatsApp? Right? If anytime you're talking

1111
00:55:32,600 --> 00:55:35,160
Speaker 1: to somebody outside the US, you're on WhatsApp. Well, now

1112
00:55:35,160 --> 00:55:36,880
Speaker 1: they have the ability to look at your communications if

1113
00:55:36,880 --> 00:55:40,160
Speaker 1: you're foreign transacting or you're talking with somebody. So this

1114
00:55:40,239 --> 00:55:44,080
Speaker 1: is not what banning TikTok was ever about. And unfortunately

1115
00:55:44,800 --> 00:55:47,200
Speaker 1: what has happened, as I said, is what I asked around.

1116
00:55:47,400 --> 00:55:49,920
Speaker 1: There was a clean TikTok bill that's kind of been

1117
00:55:49,960 --> 00:55:52,160
Speaker 1: within the Senate. People like Ruby O Holly a few

1118
00:55:52,160 --> 00:55:54,480
Speaker 1: others have been working on this for several years. Well,

1119
00:55:54,880 --> 00:55:57,400
Speaker 1: the White House basically came over the top, and I

1120
00:55:57,440 --> 00:55:59,000
Speaker 1: was like, no, no, that's not what we want. What

1121
00:55:59,120 --> 00:56:03,719
Speaker 1: we want is a broader, open ended authority. They effectively

1122
00:56:03,719 --> 00:56:06,960
Speaker 1: wrote the bill with Mark Warner's team and then came

1123
00:56:06,960 --> 00:56:08,719
Speaker 1: out before the bill was even released and said this

1124
00:56:08,760 --> 00:56:10,680
Speaker 1: is the bill that we want. So a lot of

1125
00:56:10,719 --> 00:56:14,200
Speaker 1: brain dead Democrats and frankly Republicans too signed onto the

1126
00:56:14,239 --> 00:56:15,880
Speaker 1: bill because they didn't know what was in it. They

1127
00:56:15,880 --> 00:56:18,680
Speaker 1: were like, oh, I have a bipartisan cosponsor. Tons Actually

1128
00:56:18,760 --> 00:56:21,279
Speaker 1: funny moment on Fox News last night. Lindsay Graham did

1129
00:56:21,280 --> 00:56:23,880
Speaker 1: not know that he'd cosponsored the bill. They were like,

1130
00:56:24,040 --> 00:56:25,600
Speaker 1: he came out against the bill and they're like, well,

1131
00:56:25,600 --> 00:56:27,439
Speaker 1: why did you cosponsor? He was like, oh, I did.

1132
00:56:27,640 --> 00:56:29,120
Speaker 1: Maybe we'll put let's put the clip in there. You

1133
00:56:29,120 --> 00:56:30,719
Speaker 1: guys want to watch it, all right, Well we'll edit

1134
00:56:30,719 --> 00:56:32,680
Speaker 1: it after it. Let's take a listen. Yeah, I don't

1135
00:56:32,680 --> 00:56:36,120
Speaker 1: think I support the Restrict Act. You don't support this

1136
00:56:36,160 --> 00:56:38,120
Speaker 1: because you were named as one of the supporters, because

1137
00:56:38,160 --> 00:56:40,839
Speaker 1: this is garbage. Is this the one which there's two

1138
00:56:40,840 --> 00:56:45,160
Speaker 1: bills out there. One allows a review of businesses that

1139
00:56:45,520 --> 00:56:47,400
Speaker 1: they are connected to China, give the Secretary of the

1140
00:56:47,440 --> 00:56:50,600
Speaker 1: ability to protect our data? Is that the restrict Act?

1141
00:56:51,200 --> 00:56:56,320
Speaker 1: We got S six's eighty six right here March seventh,

1142
00:56:57,280 --> 00:57:00,560
Speaker 1: and we got a bunch of Republicans supporting it because

1143
00:57:00,600 --> 00:57:03,120
Speaker 1: this thing is crazy. Talent. You don't want the government

1144
00:57:03,160 --> 00:57:05,600
Speaker 1: looking into your private phone. No, I don't they have

1145
00:57:05,600 --> 00:57:07,799
Speaker 1: a hunch you'erd colluding with the Russians. We remember how

1146
00:57:07,840 --> 00:57:10,840
Speaker 1: that turned out, right? Yeah? No, Well, the Constitution Trump's

1147
00:57:10,840 --> 00:57:13,400
Speaker 1: a statute. So let me come back and you know,

1148
00:57:13,480 --> 00:57:16,000
Speaker 1: give you a better explanation. As you can see perfect

1149
00:57:16,440 --> 00:57:18,560
Speaker 1: this guy had no idea that even signed on to it.

1150
00:57:18,600 --> 00:57:21,040
Speaker 1: This is part of the issue. They're using TikTok as

1151
00:57:21,080 --> 00:57:24,040
Speaker 1: a trojan horse to try and basically have a power

1152
00:57:24,080 --> 00:57:26,560
Speaker 1: grab through the Senate. You know, we're lucky that some

1153
00:57:26,600 --> 00:57:29,560
Speaker 1: people actually called this out the moment that it dropped,

1154
00:57:29,680 --> 00:57:32,840
Speaker 1: and actually it's become quite bipartisan now in terms of

1155
00:57:32,840 --> 00:57:34,760
Speaker 1: the pushback. Tucker Carlson was one of the first people

1156
00:57:34,760 --> 00:57:36,479
Speaker 1: on the right to do a segment about it. Here's

1157
00:57:36,520 --> 00:57:38,720
Speaker 1: what he had to say. But in reality, and you

1158
00:57:38,720 --> 00:57:41,120
Speaker 1: should know this, if you're opposed to TikTok, as we are,

1159
00:57:41,840 --> 00:57:45,200
Speaker 1: this bill isn't really about banning TikTok. It's never about

1160
00:57:45,200 --> 00:57:48,120
Speaker 1: what they say it is. Instead, this bill would give

1161
00:57:48,480 --> 00:57:52,640
Speaker 1: enormous and terrifying new powers to the federal government to

1162
00:57:52,800 --> 00:57:57,320
Speaker 1: punish American citizens and regulate how they communicate with one another.

1163
00:57:57,680 --> 00:57:59,280
Speaker 1: So there you go, and he puts him on the

1164
00:57:59,320 --> 00:58:01,920
Speaker 1: same side as a representative ilhan Omar. Let's go and

1165
00:58:01,960 --> 00:58:04,280
Speaker 1: put this up there on the screen. So this is

1166
00:58:04,320 --> 00:58:07,320
Speaker 1: a real horseshoe moment. I think in the TikTok debate,

1167
00:58:07,360 --> 00:58:09,960
Speaker 1: and unfortunately, you know, from the Biden administration's point of view,

1168
00:58:10,080 --> 00:58:12,760
Speaker 1: this was something which at the very least look it

1169
00:58:12,800 --> 00:58:16,800
Speaker 1: had bipartisan support. It had something that a significant amount

1170
00:58:16,840 --> 00:58:19,400
Speaker 1: of Americans were concerned about. But just like with the

1171
00:58:19,440 --> 00:58:22,800
Speaker 1: Patriot Act and other government overreach bills, they couldn't help

1172
00:58:22,840 --> 00:58:26,080
Speaker 1: themselves to try and basically write in their dream legislation

1173
00:58:26,240 --> 00:58:28,800
Speaker 1: for the Department of Homeland Security. This is like the

1174
00:58:28,840 --> 00:58:32,760
Speaker 1: greatest wish list that the DHS, the FBI, and have

1175
00:58:32,840 --> 00:58:34,959
Speaker 1: been looking at CIA have all been looking for now

1176
00:58:35,120 --> 00:58:37,840
Speaker 1: for over twenty years. They've been pushing these touched things,

1177
00:58:37,840 --> 00:58:40,320
Speaker 1: and clearly they got the admin to try and sneak

1178
00:58:40,360 --> 00:58:42,560
Speaker 1: it in there. And by the way, it still might pass.

1179
00:58:42,760 --> 00:58:45,520
Speaker 1: We should all be careful about this massive power crap,

1180
00:58:45,840 --> 00:58:49,720
Speaker 1: like astounding power grap and by the way, if you

1181
00:58:49,920 --> 00:58:53,120
Speaker 1: run a foul of this monstrosity, they can find you

1182
00:58:53,160 --> 00:58:56,680
Speaker 1: a million dollars or throw you in prison for twenty years.

1183
00:58:57,400 --> 00:59:00,240
Speaker 1: That it is insane. And you think about like how

1184
00:59:00,360 --> 00:59:04,200
Speaker 1: vague the definition of like foreign interference are foreign influence?

1185
00:59:04,240 --> 00:59:07,720
Speaker 1: I mean, think of all of the media ginned up

1186
00:59:07,760 --> 00:59:11,440
Speaker 1: outrages over like Russian interference in this. They just did

1187
00:59:11,440 --> 00:59:15,200
Speaker 1: a whole article based on complete nonsense about how Russia

1188
00:59:15,320 --> 00:59:18,880
Speaker 1: was driving the conversation about East Palastine. Think about Twitter,

1189
00:59:19,040 --> 00:59:23,200
Speaker 1: which has investments from Saudi Arabia. You know, next you

1190
00:59:23,240 --> 00:59:25,240
Speaker 1: could be they could be the ones that are on

1191
00:59:25,320 --> 00:59:27,920
Speaker 1: the chopping block here as well, if Elon doesn't nuke

1192
00:59:27,920 --> 00:59:29,760
Speaker 1: it first. And we'll get into that. Oh yeah, do

1193
00:59:29,840 --> 00:59:33,520
Speaker 1: that surely. But yeah, I mean this was I am

1194
00:59:33,640 --> 00:59:37,160
Speaker 1: actually I was already skeptical of this whole direction, as

1195
00:59:37,200 --> 00:59:39,320
Speaker 1: you know, and we had I think a good exchange

1196
00:59:39,320 --> 00:59:42,280
Speaker 1: on that earlier in the week. In my wildest dreams,

1197
00:59:42,280 --> 00:59:44,960
Speaker 1: I couldn't have imagined how bad this bill is. Yes,

1198
00:59:45,280 --> 00:59:48,680
Speaker 1: it's a disaster. I know that there are Republican senators

1199
00:59:48,680 --> 00:59:50,960
Speaker 1: who are working right now to try and kill it.

1200
00:59:51,000 --> 00:59:52,840
Speaker 1: I know Josh Holly gave a speech on the floor

1201
00:59:53,120 --> 00:59:55,360
Speaker 1: yesterday saying it doesn't actually ban take off here because

1202
00:59:55,360 --> 00:59:58,680
Speaker 1: the president bounch of New Authority, Holly has a cleaner

1203
00:59:58,720 --> 01:00:01,960
Speaker 1: bill that he was trying to onto the floor yesterday

1204
01:00:02,000 --> 01:00:04,880
Speaker 1: for something called unanimous consent, where there's not an actual

1205
01:00:04,960 --> 01:00:08,240
Speaker 1: vote and people just nobody Objacson like moves forward to

1206
01:00:08,280 --> 01:00:11,760
Speaker 1: the floor the what's his name? Senator Ran Paul objected

1207
01:00:11,800 --> 01:00:13,080
Speaker 1: to it, so we're not actually going to face a

1208
01:00:13,160 --> 01:00:15,160
Speaker 1: vote on the bill. I am going to be very

1209
01:00:15,240 --> 01:00:18,040
Speaker 1: interested to see if the bipartisan consens holds up on

1210
01:00:18,520 --> 01:00:21,200
Speaker 1: the clean bill as well as on the restrict app

1211
01:00:21,320 --> 01:00:24,120
Speaker 1: or it could be one where it becomes like a

1212
01:00:24,160 --> 01:00:27,520
Speaker 1: democratic one. But then the question comes is the republic

1213
01:00:27,560 --> 01:00:29,640
Speaker 1: What is the Republican House going to do? So are

1214
01:00:29,640 --> 01:00:31,560
Speaker 1: they going to move forward just up on the straight ban?

1215
01:00:31,840 --> 01:00:34,880
Speaker 1: And then here's the other thing. Will President Biden signed

1216
01:00:34,920 --> 01:00:37,600
Speaker 1: just a straight ban because he's not even supportive right

1217
01:00:37,640 --> 01:00:39,680
Speaker 1: now of what the actual ban is. So look, we'll

1218
01:00:39,720 --> 01:00:42,080
Speaker 1: keep everybody apprized. But you know, it's a very it's

1219
01:00:42,080 --> 01:00:44,440
Speaker 1: a very terrible thing. Actually, did they think they did

1220
01:00:44,480 --> 01:00:47,480
Speaker 1: tremendous damage to the case for even because now we're

1221
01:00:47,520 --> 01:00:49,480
Speaker 1: not talking even we're not even having a conversation right

1222
01:00:49,480 --> 01:00:51,760
Speaker 1: now about TikTok. We're like, hell no, like anybody who's

1223
01:00:51,760 --> 01:00:53,440
Speaker 1: even because we're like, no, we're not going to be

1224
01:00:53,520 --> 01:00:56,600
Speaker 1: passing Patriot Act two point zero. Here a couple a

1225
01:00:56,640 --> 01:00:58,880
Speaker 1: couple of other things. One thing on the polling. I'll

1226
01:00:58,880 --> 01:01:00,920
Speaker 1: also be interested to see if the polling shifts to

1227
01:01:00,960 --> 01:01:04,200
Speaker 1: your point of because prior to this, most of the

1228
01:01:04,280 --> 01:01:07,240
Speaker 1: voices who were talking about TikTok, on both the Democratic

1229
01:01:07,280 --> 01:01:09,880
Speaker 1: side and the Republican side, were in favor of a band.

1230
01:01:09,920 --> 01:01:12,240
Speaker 1: So that was the overwhelming case that was being made

1231
01:01:12,280 --> 01:01:15,040
Speaker 1: to the American people. So I wonder, and you saw

1232
01:01:15,280 --> 01:01:19,000
Speaker 1: bills passing, you know, in different states banning government employees

1233
01:01:19,000 --> 01:01:21,040
Speaker 1: from using TikTok. So there was this kind of like

1234
01:01:21,240 --> 01:01:24,640
Speaker 1: uni narrative that was going as to American people across

1235
01:01:24,760 --> 01:01:28,000
Speaker 1: liberal and conservative media. So now that you have this

1236
01:01:28,280 --> 01:01:32,600
Speaker 1: also bipartisan pushback and voices of concern being heard on

1237
01:01:32,760 --> 01:01:35,760
Speaker 1: MSNBC and on Fox News, I wonder if that shifts

1238
01:01:35,800 --> 01:01:38,720
Speaker 1: the polling. That's number one and number two. I just

1239
01:01:38,760 --> 01:01:43,680
Speaker 1: want to say, this landscape of social media regulation, above

1240
01:01:43,720 --> 01:01:47,080
Speaker 1: and beyond TikTok, we are just starting to dip our

1241
01:01:47,120 --> 01:01:50,240
Speaker 1: toes in these waters. There are some bills in state legislators.

1242
01:01:50,360 --> 01:01:53,920
Speaker 1: Utah just passed some really wild restrictions in terms of

1243
01:01:53,960 --> 01:01:57,480
Speaker 1: like what teenagers are allowed to do, what parents have

1244
01:01:57,640 --> 01:02:01,640
Speaker 1: access to in terms of social media. California has taken

1245
01:02:01,680 --> 01:02:05,000
Speaker 1: some steps. Texas has taken some steps as well. So

1246
01:02:05,560 --> 01:02:09,600
Speaker 1: there is kind of a bipartisan concern particularly around young

1247
01:02:09,640 --> 01:02:12,720
Speaker 1: people and social media, which TikTok obviously is the number

1248
01:02:12,720 --> 01:02:16,840
Speaker 1: one app among young Americans teenagers especially, So this taps

1249
01:02:16,880 --> 01:02:19,600
Speaker 1: into some of those concerns that parents have about what

1250
01:02:19,720 --> 01:02:22,320
Speaker 1: social media is doing to kids and whether it's feeding

1251
01:02:22,320 --> 01:02:25,560
Speaker 1: into some of the concerns about anxiety, depression, etc. Joe

1252
01:02:25,560 --> 01:02:28,000
Speaker 1: Biden himself talked about this in the State of the Union,

1253
01:02:28,000 --> 01:02:31,160
Speaker 1: saying they're running like an experiment on our children. So

1254
01:02:31,240 --> 01:02:33,960
Speaker 1: I think there's going to be a lot more legislation

1255
01:02:34,160 --> 01:02:36,520
Speaker 1: in this direction of trying to get our arms around,

1256
01:02:36,640 --> 01:02:40,520
Speaker 1: like where's the balance between freedom of speech and making

1257
01:02:40,600 --> 01:02:43,760
Speaker 1: sure that there are some guardrails in place. Is social

1258
01:02:43,840 --> 01:02:46,880
Speaker 1: media for kids something more akin to like tobacco and

1259
01:02:46,920 --> 01:02:49,480
Speaker 1: alcohol that should just be kind of put off limits,

1260
01:02:49,920 --> 01:02:52,080
Speaker 1: or is it something that you know, just needs some

1261
01:02:52,120 --> 01:02:55,440
Speaker 1: guardrails on it and some minor restrictions or no restrictions

1262
01:02:55,480 --> 01:02:57,640
Speaker 1: at all. These are going to be fights that continue

1263
01:02:58,120 --> 01:02:59,880
Speaker 1: definitely into the future. I kind of like this bill

1264
01:03:00,200 --> 01:03:03,120
Speaker 1: heard it's kids in Utah needs parents, okay to accidently,

1265
01:03:03,120 --> 01:03:05,240
Speaker 1: in my opinion, it goes way As a parent, it

1266
01:03:05,320 --> 01:03:09,560
Speaker 1: goes way too far. It's like very invasive because look,

1267
01:03:10,040 --> 01:03:13,840
Speaker 1: we've talked about we've talked about how one of the

1268
01:03:13,920 --> 01:03:17,920
Speaker 1: issues for kids and for teenagers is that they have

1269
01:03:18,280 --> 01:03:23,160
Speaker 1: so much of their life is so sort of it's

1270
01:03:23,200 --> 01:03:27,080
Speaker 1: so guarded. There's so much intrusiveness already for from parents.

1271
01:03:27,080 --> 01:03:29,400
Speaker 1: Like kids don't have the freedom to just like go

1272
01:03:29,480 --> 01:03:32,320
Speaker 1: and be on their own and figure things out anymore.

1273
01:03:33,000 --> 01:03:35,640
Speaker 1: And I feel like this particular bill goes too far

1274
01:03:35,680 --> 01:03:39,000
Speaker 1: in the direction of parents having total and giving kids

1275
01:03:39,160 --> 01:03:42,520
Speaker 1: no space to figure themselves out and their identities out

1276
01:03:42,560 --> 01:03:44,960
Speaker 1: and who they're going to be and like interact with

1277
01:03:45,000 --> 01:03:47,960
Speaker 1: their friends and be goofy with their friends and ways

1278
01:03:47,960 --> 01:03:50,160
Speaker 1: that are you know, parents may not want to see

1279
01:03:50,200 --> 01:03:53,400
Speaker 1: but are ultimately harmless. So anyway we can this is

1280
01:03:53,640 --> 01:03:55,520
Speaker 1: this will be an interesting one to continue to keep

1281
01:03:55,560 --> 01:03:56,760
Speaker 1: your eye on because there are a lot of different

1282
01:03:56,760 --> 01:03:58,920
Speaker 1: approaches out there. Yeah, that's kind of I got to

1283
01:03:58,920 --> 01:04:00,680
Speaker 1: read more about it. Yeah, I don't know yet, but

1284
01:04:01,040 --> 01:04:03,080
Speaker 1: what could be interesting anyway, I guess we need to know.

1285
01:04:07,440 --> 01:04:10,560
Speaker 1: We've got some major potential bank crime that we want

1286
01:04:10,600 --> 01:04:12,800
Speaker 1: to get into. Here. Two big stories. Let's start with

1287
01:04:13,080 --> 01:04:16,200
Speaker 1: this first one regarding JP Morgan Chase and their top

1288
01:04:16,240 --> 01:04:19,320
Speaker 1: executive Jamie Diamond, put this up on the screen, so

1289
01:04:20,040 --> 01:04:22,320
Speaker 1: this is again for the Financial Times. JP Morgan chief

1290
01:04:22,360 --> 01:04:27,200
Speaker 1: Jamie Diamond to be interviewed under oath in Jeffrey Epstein lawsuits.

1291
01:04:27,240 --> 01:04:29,760
Speaker 1: Sworn testimony schedule to take place behind closed doors in

1292
01:04:29,800 --> 01:04:34,120
Speaker 1: May as bank fights litigation, so he will be interviewed

1293
01:04:34,200 --> 01:04:37,400
Speaker 1: under oath about his bank's decision to retain the late

1294
01:04:37,440 --> 01:04:40,320
Speaker 1: sex offender Jeffrey Epstein as a client, said people familiar

1295
01:04:40,320 --> 01:04:43,320
Speaker 1: with the matter. The sworn deposition due to take place

1296
01:04:43,400 --> 01:04:46,440
Speaker 1: in May is lib's development in two high profile cases

1297
01:04:46,520 --> 01:04:50,280
Speaker 1: brought against that bank by an alleged Epstein victim and

1298
01:04:50,320 --> 01:04:53,280
Speaker 1: by the US Virgin Islands, where the disgraced financier had

1299
01:04:53,320 --> 01:04:55,840
Speaker 1: a home. They claimed that JP Morgan were Epstein Bank

1300
01:04:55,920 --> 01:04:59,160
Speaker 1: for fifteen years from nineteen ninety eight two twenty thirteen,

1301
01:04:59,440 --> 01:05:03,440
Speaker 1: benefited from human trafficking and ignored several internal warnings about

1302
01:05:03,440 --> 01:05:07,320
Speaker 1: its clients illegal behavior. The lender, of course, has described

1303
01:05:07,400 --> 01:05:12,040
Speaker 1: the claims as meritless. Part of the pre trial process

1304
01:05:12,160 --> 01:05:15,840
Speaker 1: unearthed communications between JP Morgan employees that contained a reference

1305
01:05:15,880 --> 01:05:19,240
Speaker 1: to a quote Diamond review as in Jamie Diamond review

1306
01:05:19,480 --> 01:05:22,120
Speaker 1: into the bank's relationship with Epstein. The bank, of course,

1307
01:05:22,120 --> 01:05:25,040
Speaker 1: has denied that its chief executive had any knowledge of

1308
01:05:25,080 --> 01:05:27,760
Speaker 1: such a review. So they have been fighting hard to

1309
01:05:27,960 --> 01:05:32,080
Speaker 1: prevent Jamie Diamond from having to testify about any of this,

1310
01:05:32,360 --> 01:05:36,560
Speaker 1: certainly under oath. They have lost that appeal, and now

1311
01:05:36,600 --> 01:05:39,200
Speaker 1: he is going to be forced to detail whatever it

1312
01:05:39,320 --> 01:05:42,000
Speaker 1: was that he knows. And they've also had obviously access

1313
01:05:42,040 --> 01:05:44,480
Speaker 1: to some of the internal communications here that raise some

1314
01:05:44,520 --> 01:05:48,120
Speaker 1: real questions about what Jamie Diamond knows. This. Of course,

1315
01:05:48,160 --> 01:05:51,000
Speaker 1: Sager comes after things that we've talked about before. You know,

1316
01:05:51,040 --> 01:05:53,800
Speaker 1: a lot of questions about Okay, there were all sorts

1317
01:05:53,880 --> 01:05:59,880
Speaker 1: of not just sketchy, like blatantly obviously crazy transactions going

1318
01:05:59,920 --> 01:06:03,520
Speaker 1: on with this Jeffrey Epstein account, and they kept him

1319
01:06:03,520 --> 01:06:06,880
Speaker 1: on as a client. They did not notify authorities as

1320
01:06:06,920 --> 01:06:09,400
Speaker 1: perhaps they should have about some of the you know,

1321
01:06:09,520 --> 01:06:13,760
Speaker 1: blatantly sketchy transactions that were happening with regards to his accounts,

1322
01:06:13,800 --> 01:06:17,040
Speaker 1: because you know, ultimately they were happy to be benefiting

1323
01:06:17,040 --> 01:06:19,440
Speaker 1: from having this incredibly wealthy person as a client. They

1324
01:06:19,440 --> 01:06:21,439
Speaker 1: were really dont care what kind of crime he was committed. Yeah,

1325
01:06:21,440 --> 01:06:23,960
Speaker 1: the Maxwell trial was, you know, was like old crimes.

1326
01:06:24,040 --> 01:06:25,880
Speaker 1: I'm not saying they weren't important but they did their

1327
01:06:25,880 --> 01:06:27,959
Speaker 1: best to basically put her in jail without ever having

1328
01:06:28,000 --> 01:06:30,680
Speaker 1: to basically peel back the layer. The money has always

1329
01:06:30,680 --> 01:06:32,600
Speaker 1: been where it's been the most interesting. We had the

1330
01:06:32,600 --> 01:06:35,320
Speaker 1: New York Financial Services fine of Deutsche Bank from a

1331
01:06:35,320 --> 01:06:38,040
Speaker 1: while back, which went into the banking relations in the

1332
01:06:38,040 --> 01:06:41,120
Speaker 1: way that Deutschbank helped facilitate a lot of his alleged

1333
01:06:41,160 --> 01:06:43,400
Speaker 1: crimes and they were fined significantly for it. A lot

1334
01:06:43,440 --> 01:06:46,400
Speaker 1: of this involves the former head of Barclays Bank, Jess Stale.

1335
01:06:46,520 --> 01:06:48,320
Speaker 1: Let's go and put this up there on the screen.

1336
01:06:48,480 --> 01:06:50,880
Speaker 1: So Staley, while he was fired as the head of

1337
01:06:50,960 --> 01:06:54,520
Speaker 1: Barclay's bank for his involvement with Epstein, really it comes

1338
01:06:54,560 --> 01:06:57,640
Speaker 1: back to his time as a JP Morgan executive where

1339
01:06:58,440 --> 01:07:04,320
Speaker 1: they basically they say that Staley both witnessed and participated

1340
01:07:04,640 --> 01:07:08,440
Speaker 1: in sect crimes at Epstein's residences and alleged that he

1341
01:07:08,480 --> 01:07:11,920
Speaker 1: did not disclose this quote despite having a fiduciary duty

1342
01:07:11,960 --> 01:07:15,080
Speaker 1: to do so the right. That's problem the part we're

1343
01:07:15,080 --> 01:07:19,640
Speaker 1: worried about. Cool God, Anyway, JP Morgan is actually suing him,

1344
01:07:19,640 --> 01:07:22,280
Speaker 1: trying to get back eighty million dollars that they paid

1345
01:07:22,320 --> 01:07:24,760
Speaker 1: him for his services. But he was one of those

1346
01:07:24,800 --> 01:07:27,919
Speaker 1: people who not only allegedly benefited and had a long

1347
01:07:27,920 --> 01:07:30,840
Speaker 1: time relationship with Epstein in terms of banking relationship, but

1348
01:07:30,880 --> 01:07:32,720
Speaker 1: then moved on to became head of you know, the

1349
01:07:32,720 --> 01:07:35,040
Speaker 1: British bank. Barclay is one of the largest banks in

1350
01:07:35,080 --> 01:07:37,400
Speaker 1: the entire world, and he's kind of sailed off into

1351
01:07:37,400 --> 01:07:39,920
Speaker 1: this onset and denies all of his wrongdoing, you know,

1352
01:07:40,200 --> 01:07:43,800
Speaker 1: all of that for the lawyers, but even Barclay's banks

1353
01:07:44,120 --> 01:07:48,280
Speaker 1: says that the allegations against him are quote serious and new.

1354
01:07:48,440 --> 01:07:51,760
Speaker 1: So the board of directors there basically acknowledging that there

1355
01:07:51,760 --> 01:07:55,000
Speaker 1: are some serious issues and they were also got in

1356
01:07:55,040 --> 01:07:58,640
Speaker 1: trouble with UK financial authorities. So whatever the road to

1357
01:07:58,720 --> 01:08:00,960
Speaker 1: truth is, it's going to be somewhere here at the

1358
01:08:01,040 --> 01:08:04,120
Speaker 1: level of the highest levels of finance. Just a few

1359
01:08:04,280 --> 01:08:08,280
Speaker 1: more details about Jess Daily and that, you know, former

1360
01:08:08,280 --> 01:08:14,200
Speaker 1: Barclay's executive Before that, former Chase executive, he allegedly discussed

1361
01:08:14,320 --> 01:08:16,880
Speaker 1: Disney characters Snow White and Beauty and the Beast in

1362
01:08:16,920 --> 01:08:19,880
Speaker 1: a series of emails with sex offender Jeffrey Epstein, who

1363
01:08:19,920 --> 01:08:23,639
Speaker 1: also allegedly shared photographs of young women with the banker,

1364
01:08:23,920 --> 01:08:28,280
Speaker 1: and they exchanged thousands of email messages between the two

1365
01:08:28,280 --> 01:08:32,519
Speaker 1: of them. So while the you know, suits against JP

1366
01:08:32,640 --> 01:08:35,559
Speaker 1: Morgan Chase as an entity are going on, and you know,

1367
01:08:35,680 --> 01:08:37,959
Speaker 1: as part of that, Jamie Diamonds being forced to testify,

1368
01:08:38,560 --> 01:08:44,519
Speaker 1: JP Morgan Chase is also countersuing this allegedly scummy sex

1369
01:08:44,560 --> 01:08:48,479
Speaker 1: predator executive to make up for any damages that they

1370
01:08:48,560 --> 01:08:51,320
Speaker 1: are suffering. So there's kind of, you know, a tangled

1371
01:08:51,360 --> 01:08:54,519
Speaker 1: web of legal action being taken here, but it is

1372
01:08:55,040 --> 01:08:59,759
Speaker 1: obviously quite disgusting the whole situation. Yeah, at the same time,

1373
01:09:00,000 --> 01:09:01,960
Speaker 1: we wanted to update you on the latest news about

1374
01:09:02,000 --> 01:09:06,000
Speaker 1: Credit Sweee. Now, they just were on the brink of collapse.

1375
01:09:06,080 --> 01:09:09,280
Speaker 1: This was government had to engineer a bailout of them.

1376
01:09:09,400 --> 01:09:13,440
Speaker 1: They ultimately were able to sell Credit Swee to UBS.

1377
01:09:13,760 --> 01:09:17,840
Speaker 1: So this whole series of problems now falls under the

1378
01:09:17,960 --> 01:09:21,920
Speaker 1: UBS umbrella. But there are some whistleblowers who just came

1379
01:09:21,960 --> 01:09:26,040
Speaker 1: out and said that Credit Sweee, even after being found

1380
01:09:26,200 --> 01:09:31,200
Speaker 1: to have been helping wealthy Americans hide their their income

1381
01:09:31,280 --> 01:09:34,559
Speaker 1: and evade taxes, they're under a consent decree from twenty

1382
01:09:34,560 --> 01:09:36,840
Speaker 1: fourteen because they pled guilty to all of these things

1383
01:09:37,040 --> 01:09:41,160
Speaker 1: that they have continued to engage in the same type

1384
01:09:41,200 --> 01:09:45,519
Speaker 1: of behavior years after this consent decree and they're guilty

1385
01:09:45,520 --> 01:09:47,960
Speaker 1: plea here with the US government. Put this up on

1386
01:09:48,000 --> 01:09:50,920
Speaker 1: the screen. This from CNBC, which had a good in

1387
01:09:51,000 --> 01:09:55,000
Speaker 1: depth report about exactly what happened here. They said that

1388
01:09:55,080 --> 01:09:58,000
Speaker 1: back in twenty fourteen, they notoriously pled guilty to criminal

1389
01:09:58,080 --> 01:10:01,880
Speaker 1: charges for quote knowingly and willingly, willfully helping thousands of

1390
01:10:01,960 --> 01:10:05,040
Speaker 1: US clients can seal their offshore assets. They admitted at

1391
01:10:05,040 --> 01:10:07,920
Speaker 1: the time they use sham entities, destroyed account records, hand

1392
01:10:07,960 --> 01:10:11,559
Speaker 1: delivered cash to American clients to avert IRS detection, agreeing

1393
01:10:11,560 --> 01:10:14,680
Speaker 1: to crack down on US tax dodgers going forward as

1394
01:10:14,760 --> 01:10:18,479
Speaker 1: part of its plea deal. While Senate investigators who talked

1395
01:10:18,479 --> 01:10:21,160
Speaker 1: to a number of whistleblowers who worked at Credit suitees

1396
01:10:21,479 --> 01:10:23,960
Speaker 1: say that they continue to enable as many as twenty

1397
01:10:23,960 --> 01:10:28,519
Speaker 1: five ultra wealthy American families hide their fortunes totally more

1398
01:10:28,520 --> 01:10:30,920
Speaker 1: than seven hundred million dollars in that bank in the

1399
01:10:31,000 --> 01:10:35,120
Speaker 1: years after that plea agreement. An aid to this Senate

1400
01:10:35,160 --> 01:10:37,200
Speaker 1: committee said they thought they could get away with it,

1401
01:10:37,240 --> 01:10:39,519
Speaker 1: and they largely did. It's not a question of whether

1402
01:10:39,560 --> 01:10:42,120
Speaker 1: Swiss banks continue to do this. It's a question of

1403
01:10:42,200 --> 01:10:47,240
Speaker 1: which Swiss banks still do this. The two former employees

1404
01:10:47,280 --> 01:10:49,880
Speaker 1: who worked as whistleblowers told CNBC some of the bad

1405
01:10:49,920 --> 01:10:54,520
Speaker 1: behavior continued long after that plea agreement. Senior and executives

1406
01:10:54,560 --> 01:10:58,080
Speaker 1: part of how they would put pressure on all employees

1407
01:10:58,120 --> 01:11:01,000
Speaker 1: that the bank to maintain their account, regardless of whether

1408
01:11:01,000 --> 01:11:02,920
Speaker 1: they were with the American clients or wherever they were

1409
01:11:02,960 --> 01:11:06,160
Speaker 1: in the world. They would at quarterly meetings read out

1410
01:11:06,200 --> 01:11:09,880
Speaker 1: the asset numbers for each banker. If a banker's asset

1411
01:11:09,960 --> 01:11:13,479
Speaker 1: number declined, then you would get exposed in front of

1412
01:11:13,520 --> 01:11:15,519
Speaker 1: your colleagues. And as a result, he said, there were

1413
01:11:15,720 --> 01:11:18,720
Speaker 1: many moments where people just simply saying things. It was like,

1414
01:11:18,800 --> 01:11:20,880
Speaker 1: don't ask, don't tell, might be a good explanation of

1415
01:11:20,880 --> 01:11:23,640
Speaker 1: what happened. They have clients that are Americans, but they

1416
01:11:23,640 --> 01:11:27,360
Speaker 1: would actively switch their passports around to show and flag

1417
01:11:27,800 --> 01:11:30,920
Speaker 1: as if they are not. To give you a sense

1418
01:11:31,000 --> 01:11:33,160
Speaker 1: of some of the specific details of what they're accused

1419
01:11:33,160 --> 01:11:36,120
Speaker 1: of doing. Here, one American client who was an heir

1420
01:11:36,200 --> 01:11:39,679
Speaker 1: to a two hundred million dollar fortune deposit at Credit

1421
01:11:39,680 --> 01:11:43,040
Speaker 1: Suite email to say they had renounced their US citizenship.

1422
01:11:43,800 --> 01:11:47,479
Speaker 1: Their private banker email back, I tried to reach you. Congratulations.

1423
01:11:47,600 --> 01:11:48,920
Speaker 1: This is a big step for you, and I know

1424
01:11:49,000 --> 01:11:51,479
Speaker 1: it was not easy. The air to the fortune replied, thanks,

1425
01:11:51,680 --> 01:11:54,200
Speaker 1: hopefully this should also make Credit Suite now more relaxed.

1426
01:11:54,240 --> 01:11:56,760
Speaker 1: They air closed the message with a smiley face. There

1427
01:11:56,800 --> 01:11:59,840
Speaker 1: are also reports of them flying to Miami to me

1428
01:12:00,120 --> 01:12:04,479
Speaker 1: with a wealthy family that they knew were you know,

1429
01:12:04,600 --> 01:12:08,839
Speaker 1: American citizens, but they're pretending and they're meeting them in Miami,

1430
01:12:08,920 --> 01:12:11,840
Speaker 1: so clearly like in America, but they're pretending that this

1431
01:12:11,960 --> 01:12:14,840
Speaker 1: family is from a different country so that they can

1432
01:12:15,080 --> 01:12:18,519
Speaker 1: not have to abide by this plea agreement that they

1433
01:12:18,560 --> 01:12:23,520
Speaker 1: had with the US government. So just totally brazen fraud continuing.

1434
01:12:23,560 --> 01:12:27,280
Speaker 1: And also what they detail here is that this really

1435
01:12:27,439 --> 01:12:30,160
Speaker 1: was a culture of corruption all the way down that

1436
01:12:30,280 --> 01:12:33,680
Speaker 1: pressured each individual banker to engage in this type of

1437
01:12:33,840 --> 01:12:37,000
Speaker 1: fraud and help wealthy Americans evade taxes. Well, why I

1438
01:12:37,000 --> 01:12:39,360
Speaker 1: thought it was funny was that they were a they're

1439
01:12:39,400 --> 01:12:42,519
Speaker 1: being fined for being in violation of doing something that

1440
01:12:42,520 --> 01:12:45,200
Speaker 1: they were already hot doing in twenty fourteen, So they

1441
01:12:45,240 --> 01:12:47,400
Speaker 1: had an entire culture of doing it, and then they

1442
01:12:47,439 --> 01:12:49,000
Speaker 1: were like no, no, no no, we'll just keep doing it.

1443
01:12:49,680 --> 01:12:51,559
Speaker 1: But here's the other question. I mean, they're getting fined

1444
01:12:51,840 --> 01:12:54,680
Speaker 1: potentially is up to one point three billion. But I mean,

1445
01:12:54,760 --> 01:12:57,400
Speaker 1: what we're looking at is hundreds and hundreds of millions

1446
01:12:57,439 --> 01:13:00,840
Speaker 1: of dollars that they helped protecting stolen art, you know

1447
01:13:01,160 --> 01:13:04,240
Speaker 1: from basically stolen money from the US taxpayer. So I

1448
01:13:04,280 --> 01:13:05,800
Speaker 1: don't know, you know, you look at all of this

1449
01:13:05,960 --> 01:13:08,559
Speaker 1: and it's just disgusting and it just reveals like what

1450
01:13:08,600 --> 01:13:10,760
Speaker 1: the system is. They already had agreed to pay two

1451
01:13:10,760 --> 01:13:13,240
Speaker 1: point six billion dollars the last time. The fact they're

1452
01:13:13,280 --> 01:13:15,559
Speaker 1: doing it again, there's no way they weren't making more

1453
01:13:15,560 --> 01:13:17,640
Speaker 1: money than that, right, Like, if you can take a

1454
01:13:17,680 --> 01:13:19,760
Speaker 1: two point six billion dollar fine, how much are you

1455
01:13:19,800 --> 01:13:22,160
Speaker 1: making on them? They just consider it's the cost of business.

1456
01:13:22,439 --> 01:13:25,200
Speaker 1: I thought a point that the whistleblowers made was was

1457
01:13:25,400 --> 01:13:29,519
Speaker 1: very you know, intelligent, which was it's why else do

1458
01:13:29,600 --> 01:13:32,000
Speaker 1: you bank with this was bank? Yeah, exactly, because it's

1459
01:13:32,040 --> 01:13:35,000
Speaker 1: more expensive. More like, there is no good reason to

1460
01:13:35,120 --> 01:13:38,120
Speaker 1: do it other than they'll help you commit tax run

1461
01:13:38,360 --> 01:13:41,320
Speaker 1: Like that's the only real reason that it's worth doing

1462
01:13:41,400 --> 01:13:44,639
Speaker 1: business with these banks, right And so yeah, many many

1463
01:13:45,200 --> 01:13:47,960
Speaker 1: very wealthy Americans continue to do so because they knew

1464
01:13:47,960 --> 01:13:50,639
Speaker 1: that the bank would help them achieve exactly what they're

1465
01:13:50,640 --> 01:13:53,519
Speaker 1: being accused of achieving. Here you go, the bank denies

1466
01:13:53,520 --> 01:13:57,120
Speaker 1: the allegaby. The bank allegedly yes. Also, it's not like

1467
01:13:57,160 --> 01:14:00,479
Speaker 1: they just bought ubs or whatever. So yes, bought the

1468
01:14:00,600 --> 01:14:03,519
Speaker 1: sorry ubs bought that, Yes, rubs. It is now their problem.

1469
01:14:03,760 --> 01:14:08,080
Speaker 1: Oh well, probably the same bagging practices. All right, let's

1470
01:14:08,080 --> 01:14:10,960
Speaker 1: get to the latest from Twitter. We covered earlier this

1471
01:14:11,000 --> 01:14:13,200
Speaker 1: week some of the changes that Elon Musk is planning

1472
01:14:13,200 --> 01:14:17,360
Speaker 1: on making, getting rid of all the legacy verified blue

1473
01:14:17,439 --> 01:14:20,080
Speaker 1: check marks. Now it's all one hundred percent pay to play,

1474
01:14:20,479 --> 01:14:22,479
Speaker 1: and your tweets are not going to show up in

1475
01:14:22,520 --> 01:14:25,080
Speaker 1: the for you page if you don't pay. You can't

1476
01:14:25,080 --> 01:14:28,680
Speaker 1: participate in Twitter polls if you don't pay, so you know,

1477
01:14:28,800 --> 01:14:31,960
Speaker 1: our argument was that this will make the platform increasingly

1478
01:14:32,080 --> 01:14:35,320
Speaker 1: sort of like irrelevant and just worse, much less useful

1479
01:14:35,479 --> 01:14:37,479
Speaker 1: than it used to be, and it's very unlikely to

1480
01:14:37,560 --> 01:14:41,920
Speaker 1: solve the apparent financial problems that that Twitter is having.

1481
01:14:42,920 --> 01:14:44,720
Speaker 1: We got a little bit of insight into just how

1482
01:14:44,720 --> 01:14:47,439
Speaker 1: bad those financial problems are. Let's put this up on

1483
01:14:47,479 --> 01:14:51,719
Speaker 1: the screen. Elon Musk is now valuing Twitter at twenty

1484
01:14:51,800 --> 01:14:54,400
Speaker 1: billion dollars. Now you might think, oh, well, that sounds

1485
01:14:54,439 --> 01:14:56,240
Speaker 1: like a lot of money, and it is until you

1486
01:14:56,320 --> 01:14:58,720
Speaker 1: consider that when he bought the social media company, bought

1487
01:14:58,720 --> 01:15:01,320
Speaker 1: it for forty four billion dollars, and that was just

1488
01:15:01,360 --> 01:15:05,519
Speaker 1: in October when he took a private This according to

1489
01:15:05,560 --> 01:15:08,439
Speaker 1: an email SOGA that he sent to employees to announce

1490
01:15:08,479 --> 01:15:12,080
Speaker 1: a new stock compensation program, and he said, Twitter is

1491
01:15:12,120 --> 01:15:14,840
Speaker 1: being reshaped rapidly. You could think of it as an

1492
01:15:14,920 --> 01:15:18,599
Speaker 1: inverse startup. Ah right. You know, it's actually funny when

1493
01:15:18,600 --> 01:15:22,320
Speaker 1: you consider Elon's career. He succeeded in the two places

1494
01:15:22,360 --> 01:15:24,960
Speaker 1: where you're not supposed to and then failed in the

1495
01:15:25,000 --> 01:15:27,759
Speaker 1: one where people make fantastic amounts of money. So whenever

1496
01:15:27,800 --> 01:15:30,280
Speaker 1: he was starting a rocket company, people told him, he said,

1497
01:15:30,280 --> 01:15:32,320
Speaker 1: don't do this, man, So many rich people have done

1498
01:15:32,320 --> 01:15:34,600
Speaker 1: this before. And there was even a joke at the

1499
01:15:34,600 --> 01:15:36,600
Speaker 1: time like, how do you make a small fortune in

1500
01:15:36,640 --> 01:15:39,639
Speaker 1: the rocket business? You start with start with a large one, right,

1501
01:15:39,960 --> 01:15:43,839
Speaker 1: same thing on Tesla, who makes a US car company?

1502
01:15:44,080 --> 01:15:47,760
Speaker 1: It never works out, like almost every single one. It

1503
01:15:47,800 --> 01:15:51,240
Speaker 1: was always a disaster. He beat the odds. Tesla, I

1504
01:15:51,320 --> 01:15:55,120
Speaker 1: believe outsold like Toyota's in the state of California last year. Crazy,

1505
01:15:55,240 --> 01:15:59,320
Speaker 1: it actually worked. Social media though, where well smart meeting

1506
01:15:59,360 --> 01:16:01,720
Speaker 1: people who started out, We're printing billions and billions of

1507
01:16:01,720 --> 01:16:03,599
Speaker 1: dollars like yeah, I'll get in this, and now he's

1508
01:16:03,640 --> 01:16:06,439
Speaker 1: not doing so well. So I mean, look it's early.

1509
01:16:06,680 --> 01:16:09,040
Speaker 1: He could maybe he could pull it out. I really

1510
01:16:09,080 --> 01:16:12,959
Speaker 1: have no idea. But on a technology level, you flagged

1511
01:16:13,320 --> 01:16:15,280
Speaker 1: this piece, there's a lot of people are passing around.

1512
01:16:15,320 --> 01:16:16,679
Speaker 1: Let's go and put it up there on the screen

1513
01:16:16,880 --> 01:16:19,880
Speaker 1: from tech Crunch is called Twitter is dying some of it.

1514
01:16:19,920 --> 01:16:21,680
Speaker 1: You know, it's kind of annoying in terms of like oh,

1515
01:16:21,720 --> 01:16:23,759
Speaker 1: I hate speech or whatever is increasing on the platform,

1516
01:16:23,800 --> 01:16:26,040
Speaker 1: like okay, shut up. But the real point that it

1517
01:16:26,080 --> 01:16:28,920
Speaker 1: does get to is look, at the end of the day,

1518
01:16:29,120 --> 01:16:33,120
Speaker 1: Twitter is one of those places where the most amount

1519
01:16:33,120 --> 01:16:35,719
Speaker 1: of tweets come from what ten percent of the users.

1520
01:16:35,960 --> 01:16:40,120
Speaker 1: It really is like an inverse user base where the

1521
01:16:40,160 --> 01:16:42,920
Speaker 1: elites are the ones who need it the most, use

1522
01:16:42,960 --> 01:16:45,400
Speaker 1: it the most, and distribute the most amount of information,

1523
01:16:45,640 --> 01:16:48,920
Speaker 1: which other people then follow to a limited extent. They

1524
01:16:48,960 --> 01:16:52,120
Speaker 1: certainly do engage with it, but the high follower accounts

1525
01:16:52,400 --> 01:16:54,920
Speaker 1: are the ones who tweet the most get the most

1526
01:16:55,000 --> 01:16:57,840
Speaker 1: out of the platform. So by removing the blue check

1527
01:16:57,880 --> 01:17:00,600
Speaker 1: marks by removing so the incentives for a lot of

1528
01:17:00,640 --> 01:17:03,960
Speaker 1: people who derive and give so much of the value

1529
01:17:03,960 --> 01:17:06,559
Speaker 1: on the platform, you are removing what made it even

1530
01:17:06,720 --> 01:17:09,439
Speaker 1: useful to people in the first place. And I think

1531
01:17:09,479 --> 01:17:12,320
Speaker 1: that is what it really gets down to is Twitter

1532
01:17:12,400 --> 01:17:14,640
Speaker 1: was a place for leads to have a consensus of

1533
01:17:14,640 --> 01:17:17,599
Speaker 1: discussion and all of that, for to put out the news,

1534
01:17:17,640 --> 01:17:19,559
Speaker 1: and then for other people to follow the news and

1535
01:17:19,600 --> 01:17:22,200
Speaker 1: engage in it, certainly to a limited extent, but that

1536
01:17:22,280 --> 01:17:25,559
Speaker 1: was never the core value of the platform itself. It

1537
01:17:25,640 --> 01:17:29,040
Speaker 1: was consumption from a small group of people, right. I mean,

1538
01:17:29,080 --> 01:17:33,040
Speaker 1: Twitter at its best is where you can go to

1539
01:17:33,120 --> 01:17:38,599
Speaker 1: see the sort of unfiltered, unvarnished opinions of a certain

1540
01:17:38,640 --> 01:17:42,920
Speaker 1: elite class and have some ability to directly interact with them,

1541
01:17:43,320 --> 01:17:46,559
Speaker 1: some ability to like mock and ride them kind of

1542
01:17:46,560 --> 01:17:48,920
Speaker 1: to their face that you know you don't normally get

1543
01:17:48,920 --> 01:17:52,519
Speaker 1: the chance to do. And that is that it's like

1544
01:17:52,600 --> 01:17:54,840
Speaker 1: the best part of Twitter. I mean, Twitter is like

1545
01:17:54,880 --> 01:17:57,160
Speaker 1: awful and it's also amazing. It's all of those things

1546
01:17:57,160 --> 01:17:59,360
Speaker 1: at once, which is why we keep going back, even

1547
01:17:59,360 --> 01:18:02,280
Speaker 1: when you know it's degrees you're like thinking ability and

1548
01:18:02,320 --> 01:18:05,000
Speaker 1: has clearly sort of like rotted Elon's brain tree, spending

1549
01:18:05,000 --> 01:18:06,800
Speaker 1: way too much time on the platform himself. I think

1550
01:18:06,840 --> 01:18:09,720
Speaker 1: it is part of the problem here. But if you

1551
01:18:10,640 --> 01:18:12,760
Speaker 1: make the changes that you know are set to be

1552
01:18:13,400 --> 01:18:17,720
Speaker 1: made here, you know, the legacy Twitter checkmark system was

1553
01:18:18,080 --> 01:18:20,160
Speaker 1: not great. It would have been better. Actually, I've had

1554
01:18:20,320 --> 01:18:23,080
Speaker 1: more verification that would have made the information on the

1555
01:18:23,120 --> 01:18:25,840
Speaker 1: platform more useful to the people that use it and

1556
01:18:25,840 --> 01:18:30,160
Speaker 1: to people like us as well. By taking all of

1557
01:18:30,160 --> 01:18:32,960
Speaker 1: that away, I mean, you are sort of ramping up

1558
01:18:33,000 --> 01:18:37,519
Speaker 1: the worst aspects of Twitter, which is you know, which

1559
01:18:37,560 --> 01:18:40,519
Speaker 1: is what this writer gets at. In the core of

1560
01:18:40,600 --> 01:18:44,080
Speaker 1: the piece, they describe the new check mark system as

1561
01:18:44,120 --> 01:18:47,240
Speaker 1: a parody of verification, since the bluetick no longer signals

1562
01:18:47,240 --> 01:18:50,280
Speaker 1: any kind of quality, but the visual similarity seems intentional,

1563
01:18:50,320 --> 01:18:54,000
Speaker 1: a dark pattern designed to generate maximum confusion. If you

1564
01:18:54,080 --> 01:18:56,919
Speaker 1: pay Musk for this meaningless mark, you'll also get increased

1565
01:18:56,920 --> 01:18:59,360
Speaker 1: algorithmic visibility if your tweets, and the power to drown

1566
01:18:59,400 --> 01:19:02,240
Speaker 1: out non paying users, which mean all the fakes and

1567
01:19:02,280 --> 01:19:06,160
Speaker 1: imposters can and will overwrite the real deal on Twitter.

1568
01:19:06,560 --> 01:19:09,720
Speaker 1: Genuine users are rightly outraged at the idea being blackmailed

1569
01:19:09,720 --> 01:19:12,200
Speaker 1: into paying must to prove who they are. These people

1570
01:19:12,240 --> 01:19:14,360
Speaker 1: the signal amid the Twitter noise are after all a

1571
01:19:14,439 --> 01:19:16,320
Speaker 1: core component of the value of the network. So of

1572
01:19:16,360 --> 01:19:19,280
Speaker 1: course they shouldn't and won't pay, and so their visibility

1573
01:19:19,280 --> 01:19:21,599
Speaker 1: on Twitter will decay, which in turn will trigger more

1574
01:19:21,680 --> 01:19:24,799
Speaker 1: damage as any remaining users want to find quality information

1575
01:19:24,840 --> 01:19:27,040
Speaker 1: will find it increasingly hard to come by. It is

1576
01:19:27,160 --> 01:19:30,599
Speaker 1: death by irrelevance. I thought that was pretty well said. Yeah,

1577
01:19:30,640 --> 01:19:33,559
Speaker 1: I thought it was interesting. Look, once again, here's the

1578
01:19:33,600 --> 01:19:35,479
Speaker 1: other problem to in terms of what they put out.

1579
01:19:35,520 --> 01:19:37,559
Speaker 1: They're like, well, engagement on the platform is going up,

1580
01:19:37,560 --> 01:19:39,439
Speaker 1: and it's like, yeah, it is the right type of engagement,

1581
01:19:39,479 --> 01:19:43,160
Speaker 1: because engagement doesn't necessarily mean also that you're drawing high

1582
01:19:43,240 --> 01:19:46,160
Speaker 1: levels of advertiser. You can have really good engagement, but

1583
01:19:46,200 --> 01:19:48,519
Speaker 1: if advertisers don't feel like advertising on the platform, it

1584
01:19:48,560 --> 01:19:50,639
Speaker 1: doesn't matter. Yeah, and then if Twitter blew what it

1585
01:19:50,640 --> 01:19:53,320
Speaker 1: It made five million dollars or something last month, that's

1586
01:19:53,439 --> 01:19:55,800
Speaker 1: nothing that they have a five five million They have

1587
01:19:55,840 --> 01:19:58,360
Speaker 1: a five billion dollar hole that they need to fix.

1588
01:19:58,400 --> 01:20:01,080
Speaker 1: Some forty percent or whatever advertise we're not coming on

1589
01:20:01,080 --> 01:20:04,280
Speaker 1: the platform. So business wise, they are facing some real issues.

1590
01:20:04,320 --> 01:20:06,040
Speaker 1: That's why you put it at twenty billion. It actually

1591
01:20:06,080 --> 01:20:07,920
Speaker 1: sounds about right. You lost about half of value of

1592
01:20:07,920 --> 01:20:10,679
Speaker 1: the company and it was already maybe worth thirty billion

1593
01:20:10,680 --> 01:20:12,680
Speaker 1: when he bought it. He was paid overpaid for it

1594
01:20:12,680 --> 01:20:15,800
Speaker 1: by fourteen fifteen billion dollars, which is the really crazy part.

1595
01:20:15,920 --> 01:20:18,040
Speaker 1: There was one other point in this article that I

1596
01:20:18,120 --> 01:20:22,120
Speaker 1: thought was thought provoking and well said. He writes that

1597
01:20:22,160 --> 01:20:24,800
Speaker 1: our system allows wealth to be turned into a weapon

1598
01:20:24,880 --> 01:20:27,559
Speaker 1: to nuke things of broad societal value. Is one hard

1599
01:20:27,640 --> 01:20:29,840
Speaker 1: lesson we should take away from the wreckage. You can

1600
01:20:29,840 --> 01:20:31,599
Speaker 1: say shame on the Twitter board that let it happen,

1601
01:20:31,600 --> 01:20:34,000
Speaker 1: and we probably should. But technically speaking, their job was

1602
01:20:34,000 --> 01:20:37,040
Speaker 1: to maximize shareholder value, which means to hell with the

1603
01:20:37,080 --> 01:20:40,639
Speaker 1: rest of us, Which speaks to the discussion we're having

1604
01:20:40,680 --> 01:20:44,040
Speaker 1: earlier about TikTok about what these platforms are, what they mean,

1605
01:20:44,360 --> 01:20:46,760
Speaker 1: what their benefit is, what their dangers are, what the

1606
01:20:46,880 --> 01:20:49,519
Speaker 1: harms are, how we as a society want to wrap

1607
01:20:49,520 --> 01:20:52,920
Speaker 1: our arms around what this. Is this a core function

1608
01:20:53,000 --> 01:20:55,000
Speaker 1: for a democracy or is it not. Is it something

1609
01:20:55,000 --> 01:20:57,160
Speaker 1: that we can just you know, casually discard or let

1610
01:20:57,320 --> 01:21:01,959
Speaker 1: someone sort of recklessly play with because they just decided

1611
01:21:01,960 --> 01:21:04,559
Speaker 1: to on a whim, or is this something that is

1612
01:21:04,600 --> 01:21:07,400
Speaker 1: more fundamental to what we're trying, at least in our

1613
01:21:07,400 --> 01:21:09,600
Speaker 1: best days to do as a democracy. And so I

1614
01:21:09,640 --> 01:21:11,360
Speaker 1: think there are a lot of sort of deeper lessons

1615
01:21:11,360 --> 01:21:13,920
Speaker 1: here in the Twitter saga. Yeah, absolutely, Yeah, look, especially

1616
01:21:13,920 --> 01:21:16,120
Speaker 1: in terms of just private power future that were the

1617
01:21:16,120 --> 01:21:18,679
Speaker 1: same problems before it was ever owned by Elon et cetera.

1618
01:21:18,840 --> 01:21:21,080
Speaker 1: So anyway, yeah, I don't know what's going to happen.

1619
01:21:21,120 --> 01:21:23,520
Speaker 1: I personally just don't think it looks good for the platform.

1620
01:21:23,560 --> 01:21:29,160
Speaker 1: Maybe you could turn around, it's certainly possible. What do

1621
01:21:29,200 --> 01:21:31,240
Speaker 1: you want to take a look at? Well, the bedrock

1622
01:21:31,280 --> 01:21:34,320
Speaker 1: foundation of the middle class has been stolen right out

1623
01:21:34,320 --> 01:21:36,559
Speaker 1: from under us. The dream of owning a home has

1624
01:21:36,640 --> 01:21:39,679
Speaker 1: become unattainable for most without a big handout for mommy

1625
01:21:39,680 --> 01:21:43,120
Speaker 1: and daddy. Even the aspiration to afford an apartment has

1626
01:21:43,160 --> 01:21:45,719
Speaker 1: become out of reach for hourly wage earners in every

1627
01:21:45,760 --> 01:21:48,400
Speaker 1: major city in the country. Now, there are a lot

1628
01:21:48,400 --> 01:21:50,360
Speaker 1: of villains in the story. You could look at bad

1629
01:21:50,400 --> 01:21:54,160
Speaker 1: policy by stupid, short sighted or corrupt politicians, decades of

1630
01:21:54,200 --> 01:21:57,960
Speaker 1: low wages due to globalization and union busting, but increasingly

1631
01:21:58,160 --> 01:22:01,559
Speaker 1: a central culprit is profiteering by a group of faithless

1632
01:22:01,560 --> 01:22:03,960
Speaker 1: investors who see housing not as a place for people

1633
01:22:04,040 --> 01:22:06,320
Speaker 1: to live, but as a profit center. And in this

1634
01:22:06,360 --> 01:22:10,920
Speaker 1: category there is no clearer villain than private equity giant Blackstone. Now,

1635
01:22:10,960 --> 01:22:13,720
Speaker 1: Blackstone has its hands in literally every corner of the

1636
01:22:13,760 --> 01:22:16,240
Speaker 1: real estate market here and in countries around the world.

1637
01:22:16,360 --> 01:22:19,160
Speaker 1: In post pandemic, they have been on a massive buying

1638
01:22:19,200 --> 01:22:22,400
Speaker 1: spree focused on rental housing in particular. In fact, in

1639
01:22:22,520 --> 01:22:24,920
Speaker 1: just the past few years alone, Blackstone has added more

1640
01:22:24,960 --> 01:22:28,520
Speaker 1: than two hundred thousand housing units to its investment portfolio.

1641
01:22:28,800 --> 01:22:31,639
Speaker 1: The results of allowing a soulless vulture to position themselves

1642
01:22:31,640 --> 01:22:35,280
Speaker 1: as America's landlord has been predictable. In communities across the country.

1643
01:22:35,560 --> 01:22:38,600
Speaker 1: Residents unfortunate enough to live in properties managed by this

1644
01:22:38,680 --> 01:22:41,920
Speaker 1: global slum lord complain of black mold, raw sewage, and

1645
01:22:41,960 --> 01:22:44,840
Speaker 1: of being pushed out of their apartments entirely. A new

1646
01:22:44,880 --> 01:22:48,360
Speaker 1: report shows the impact of Blackstone's aggressive moves in the

1647
01:22:48,439 --> 01:22:52,040
Speaker 1: already unaffordable city of San Diego, California. According to the

1648
01:22:52,040 --> 01:22:56,000
Speaker 1: Private Equity Stakeholder Project, Blackstone has mounted a post pandemic

1649
01:22:56,040 --> 01:22:59,040
Speaker 1: project of mass evictions, going so far us to warn

1650
01:22:59,120 --> 01:23:02,040
Speaker 1: San Diego City cou members about the fallout the company

1651
01:23:02,040 --> 01:23:04,880
Speaker 1: has a major incentive to push these residents out too.

1652
01:23:05,360 --> 01:23:08,960
Speaker 1: California rent control regulations stipulate that rents can only be

1653
01:23:09,080 --> 01:23:11,600
Speaker 1: jacked up ten percent per year so long as a

1654
01:23:11,680 --> 01:23:14,559
Speaker 1: unit is occupied by the same tenant. Once you get

1655
01:23:14,600 --> 01:23:17,200
Speaker 1: the existing tenant out, though, all bets are off and

1656
01:23:17,280 --> 01:23:20,640
Speaker 1: sure enough, the company has hiked rents between forty and

1657
01:23:20,760 --> 01:23:23,880
Speaker 1: sixty percent on units in the buildings that they now own.

1658
01:23:24,400 --> 01:23:27,360
Speaker 1: This is devastating in a city that is already suffering

1659
01:23:27,400 --> 01:23:30,519
Speaker 1: from brutally high rents. More than a third of all

1660
01:23:30,560 --> 01:23:33,320
Speaker 1: renters in the city of San Diego spent a majority

1661
01:23:33,439 --> 01:23:37,040
Speaker 1: of their entire income all rent. That leaves little left

1662
01:23:37,080 --> 01:23:40,680
Speaker 1: for food, medicine, clothes, transportation, and everything else that is

1663
01:23:40,720 --> 01:23:44,479
Speaker 1: a basic necessity of life. The local NBC affiliate interviewed

1664
01:23:44,479 --> 01:23:47,920
Speaker 1: one disabled Afghanistan veteran about how he is coping with

1665
01:23:47,960 --> 01:23:51,000
Speaker 1: a recent rent hike. He said, quote, the moment I

1666
01:23:51,040 --> 01:23:53,439
Speaker 1: got handed the paper, it just felt like the air

1667
01:23:53,520 --> 01:23:56,719
Speaker 1: left my body. All the plans I had starting work,

1668
01:23:56,840 --> 01:24:00,679
Speaker 1: starting graduate school went into a spin dive. Just now

1669
01:24:00,720 --> 01:24:03,320
Speaker 1: starting to balance out my life because it's been so

1670
01:24:03,360 --> 01:24:07,559
Speaker 1: stressful and I'm just so tired. Not only is Blackstone

1671
01:24:07,600 --> 01:24:10,760
Speaker 1: using the existing loopholes in California rent laws to price

1672
01:24:10,800 --> 01:24:14,479
Speaker 1: gouge their residents. They have also spent millions to make

1673
01:24:14,520 --> 01:24:18,000
Speaker 1: sure that those laws are not strengthened to protect renters.

1674
01:24:18,320 --> 01:24:20,960
Speaker 1: In twenty eighteen, Californians had the opportunity to vote to

1675
01:24:21,040 --> 01:24:24,360
Speaker 1: roll back a law that prevents municipalities from expanding any

1676
01:24:24,360 --> 01:24:28,400
Speaker 1: rent control. Blackstone directly spent over six million dollars to

1677
01:24:28,479 --> 01:24:31,120
Speaker 1: defeat that initiative. One of their affiliated companies spent an

1678
01:24:31,120 --> 01:24:34,240
Speaker 1: additional one point three million against the measure. What's more,

1679
01:24:34,560 --> 01:24:38,559
Speaker 1: Blackstones flooded the California Business Roundtable Issues Pack with seven

1680
01:24:38,640 --> 01:24:41,559
Speaker 1: million dollars, which also gave more than seven million dollars

1681
01:24:41,640 --> 01:24:44,640
Speaker 1: to kill that measure. So they exploit the loopholes in

1682
01:24:44,680 --> 01:24:46,840
Speaker 1: the law to price gouge, and then they rig the

1683
01:24:46,880 --> 01:24:49,960
Speaker 1: system to make sure that these beneficial carve ounds stay

1684
01:24:50,040 --> 01:24:53,680
Speaker 1: in place forever. San Diego, though, is just a microcosm

1685
01:24:53,680 --> 01:24:56,240
Speaker 1: of the practices that Blackstone is deploying across the country.

1686
01:24:56,439 --> 01:24:59,479
Speaker 1: The Financial Times recently wrote about how Blackstone was ramping

1687
01:24:59,520 --> 01:25:02,519
Speaker 1: up theirctions with an eye on boosting returns, and the

1688
01:25:02,560 --> 01:25:06,080
Speaker 1: company itself has been bragging to their investors about just

1689
01:25:06,120 --> 01:25:10,559
Speaker 1: how profitable these exploitative practices really are. According to the

1690
01:25:10,560 --> 01:25:14,040
Speaker 1: Private Equity Stakeholder Project, Blackstone has touted to its investors

1691
01:25:14,040 --> 01:25:16,880
Speaker 1: that a quote structural shortage of housing has resulted in

1692
01:25:17,000 --> 01:25:21,080
Speaker 1: pricing power for rental housing assets, and that quote rents

1693
01:25:21,080 --> 01:25:24,920
Speaker 1: are growing above the rate of inflation. In other words,

1694
01:25:25,000 --> 01:25:27,679
Speaker 1: they're able to jack up the price of housing above

1695
01:25:27,680 --> 01:25:31,040
Speaker 1: and beyond inflation. Now that is no surprise, since housing

1696
01:25:31,080 --> 01:25:33,360
Speaker 1: price has been going up far faster than other inflation

1697
01:25:33,600 --> 01:25:36,919
Speaker 1: for literally decades, but it also provides even more evidence

1698
01:25:37,040 --> 01:25:40,240
Speaker 1: that corporate price gouging is one of the main drivers

1699
01:25:40,280 --> 01:25:43,800
Speaker 1: of the price increases that are devastating ordinary Americans right now.

1700
01:25:44,200 --> 01:25:46,599
Speaker 1: I can't help but mention here as well that Blackstone

1701
01:25:46,640 --> 01:25:49,559
Speaker 1: has highlighted their commitment to so called ESG principles, among

1702
01:25:49,600 --> 01:25:52,320
Speaker 1: them diversity goals for minorities to be represented among their

1703
01:25:52,360 --> 01:25:55,120
Speaker 1: own ranks and among the ranks of their portfolio companies.

1704
01:25:55,479 --> 01:25:57,400
Speaker 1: I'm sure it's going to be comforting to the majority

1705
01:25:57,400 --> 01:25:59,799
Speaker 1: black and brown working class residents who are being evicted

1706
01:25:59,840 --> 01:26:02,280
Speaker 1: and price gouged that a higher percentage of the people

1707
01:26:02,280 --> 01:26:05,560
Speaker 1: who are ruining their lives share some of their demographic characteristics,

1708
01:26:05,720 --> 01:26:08,920
Speaker 1: though certainly not their class status. Now, these fights over

1709
01:26:08,960 --> 01:26:11,160
Speaker 1: housing are no side issue. They are at the core

1710
01:26:11,280 --> 01:26:13,559
Speaker 1: of what kind of society we live in, what values

1711
01:26:13,600 --> 01:26:16,360
Speaker 1: we uphold, how much of foothold we're going to allow

1712
01:26:16,439 --> 01:26:19,600
Speaker 1: younger generations into their own pursuit of happiness. And the

1713
01:26:19,680 --> 01:26:23,120
Speaker 1: landscape is pretty grim, but it's not hopeless because here

1714
01:26:23,240 --> 01:26:26,840
Speaker 1: and around the world, tenants have risen up against Blackstone,

1715
01:26:27,040 --> 01:26:30,799
Speaker 1: and sometimes they've actually won. In New York City, residents

1716
01:26:30,840 --> 01:26:34,120
Speaker 1: of the massive Stye Town complex took Blackstone to court

1717
01:26:34,200 --> 01:26:38,160
Speaker 1: over planned rent hikes and they did succeed. These tenants

1718
01:26:38,240 --> 01:26:40,280
Speaker 1: used new renter friendly laws that were passed by New

1719
01:26:40,360 --> 01:26:42,839
Speaker 1: York State in recent years to protect thousands of units

1720
01:26:42,920 --> 01:26:46,280
Speaker 1: from Blackstone's price gouging tactics. It's a small blow of

1721
01:26:46,360 --> 01:26:49,639
Speaker 1: David against the Wall Street goliath. The Guardian has also

1722
01:26:49,680 --> 01:26:52,640
Speaker 1: documented efforts in Denmark, Spain, and Germany to pass new

1723
01:26:52,720 --> 01:26:57,040
Speaker 1: laws specifically to protect against Blackstone style predation. After national

1724
01:26:57,080 --> 01:27:00,960
Speaker 1: outrage over Blackstone's tactics, Danish Lawmings passed a law that

1725
01:27:01,000 --> 01:27:05,000
Speaker 1: would prevent landlords from jacking up prices until five years

1726
01:27:05,040 --> 01:27:08,080
Speaker 1: after the completion of any new renovations. This was in

1727
01:27:08,120 --> 01:27:12,280
Speaker 1: response to allegations from residents that Blackrock would intentionally embark

1728
01:27:12,400 --> 01:27:15,400
Speaker 1: upon loud and trusive renovations with the direct goal of

1729
01:27:15,439 --> 01:27:18,160
Speaker 1: trying to force longtime residents out so that they could

1730
01:27:18,200 --> 01:27:22,080
Speaker 1: then dramatically up their rents. In Copenhagen, this approach came

1731
01:27:22,120 --> 01:27:25,519
Speaker 1: to be known as shake the building. As one journalist wrote, quote,

1732
01:27:25,600 --> 01:27:27,760
Speaker 1: imagine an apple tree shaking of the trunk to get

1733
01:27:27,800 --> 01:27:30,479
Speaker 1: the apples loose from the branches. In the real estate world,

1734
01:27:30,560 --> 01:27:33,160
Speaker 1: the occupants of the apples, the apartments are the branches,

1735
01:27:33,160 --> 01:27:35,640
Speaker 1: and when a landlord shakes the building, it is to

1736
01:27:35,680 --> 01:27:39,879
Speaker 1: get the tenants out. Spanish lawmakers are also considering legislation

1737
01:27:39,880 --> 01:27:42,639
Speaker 1: that would strengthen rent control and outright ban the sale

1738
01:27:42,680 --> 01:27:45,720
Speaker 1: of public housing to investment funds. In Berlin, the city

1739
01:27:45,840 --> 01:27:48,719
Speaker 1: voted to freeze rents completely starting in January twenty twenty,

1740
01:27:48,720 --> 01:27:53,000
Speaker 1: although the Nation Supreme Court ruled the cap unconstitutional. In California,

1741
01:27:53,160 --> 01:27:56,880
Speaker 1: tenants already have joined the fight, banding together to try

1742
01:27:56,880 --> 01:27:59,960
Speaker 1: to fight back against the investment behemoth. It's a start,

1743
01:28:00,280 --> 01:28:02,280
Speaker 1: and it's a fight that we should all be paying

1744
01:28:02,320 --> 01:28:05,080
Speaker 1: attention to, because this might be just one piece of

1745
01:28:05,160 --> 01:28:08,320
Speaker 1: or national housing nightmare. But in the war against ever

1746
01:28:08,479 --> 01:28:11,720
Speaker 1: escalating housing prices, their fight is our fight too, and

1747
01:28:11,760 --> 01:28:15,400
Speaker 1: their enemies are our enemies as well, and this report

1748
01:28:15,439 --> 01:28:18,040
Speaker 1: really gave insight into their thinking. Right now, Sager, I mean,

1749
01:28:18,080 --> 01:28:19,519
Speaker 1: this is a and if you want to hear my

1750
01:28:19,680 --> 01:28:23,040
Speaker 1: reaction to Crystal's monologue, become a premium subscriber today at

1751
01:28:23,080 --> 01:28:28,880
Speaker 1: breakingpoints dot Com. All right, Sager, what are you looking at? Well,

1752
01:28:29,280 --> 01:28:32,479
Speaker 1: without fail, in last decade or so, every single time

1753
01:28:32,520 --> 01:28:35,280
Speaker 1: there's a mass shooting, we get the same response from

1754
01:28:35,320 --> 01:28:39,280
Speaker 1: the general establishment gun control and insult weapons bans. All

1755
01:28:39,400 --> 01:28:42,200
Speaker 1: kinds of infographics have now sprung up to explain exactly

1756
01:28:42,240 --> 01:28:45,160
Speaker 1: why an assault weapons ban is needed. How when the

1757
01:28:45,160 --> 01:28:48,759
Speaker 1: ban expired that mass shooting spike, dramatically, blaming the expery

1758
01:28:48,880 --> 01:28:51,719
Speaker 1: of the ban for the sick and unfortunately distinctly American

1759
01:28:51,720 --> 01:28:54,799
Speaker 1: phenomenon that we can't really figure out mass school shootings.

1760
01:28:54,840 --> 01:28:56,759
Speaker 1: I'm sure you've seen this one from the Financial Times.

1761
01:28:56,880 --> 01:29:00,280
Speaker 1: You can barely open social media without seeing it. It's clear, right,

1762
01:29:00,320 --> 01:29:02,960
Speaker 1: the ban expires and then mass shootings increase. This is

1763
01:29:03,120 --> 01:29:05,760
Speaker 1: just a problem, though. Does an assault weapons ban have

1764
01:29:05,880 --> 01:29:08,920
Speaker 1: anything to do with those shootings? The answer is No,

1765
01:29:09,280 --> 01:29:12,920
Speaker 1: that graphic includes handgun shootings, which compromise the vast majority

1766
01:29:13,120 --> 01:29:15,240
Speaker 1: of the so called mass shootings and brings us to

1767
01:29:15,280 --> 01:29:18,400
Speaker 1: the next question, what is the mass shooting? Nobody really

1768
01:29:18,439 --> 01:29:21,439
Speaker 1: knows the definition that graphic uses and that President Obama

1769
01:29:21,560 --> 01:29:24,280
Speaker 1: forced upon the FBI in twenty thirteen. Is this a

1770
01:29:24,320 --> 01:29:26,960
Speaker 1: single attack in which three or more victims are killed?

1771
01:29:27,240 --> 01:29:29,880
Speaker 1: On its face, I guess that sounds reasonable, But is

1772
01:29:29,920 --> 01:29:32,479
Speaker 1: it though? Really? Because the explosion in that number of

1773
01:29:32,479 --> 01:29:35,479
Speaker 1: so called indiscriminate killings and multiple victims in a public

1774
01:29:35,479 --> 01:29:38,840
Speaker 1: place has nothing to do with mass shootings as we

1775
01:29:39,000 --> 01:29:42,400
Speaker 1: understand them in the public consciousness. In fact, mass public

1776
01:29:42,439 --> 01:29:45,280
Speaker 1: shootings account for only zero point five percent of all

1777
01:29:45,400 --> 01:29:48,280
Speaker 1: gun deaths on an annual basis in the United States,

1778
01:29:48,439 --> 01:29:50,879
Speaker 1: so small it does not even register on the graphic.

1779
01:29:51,160 --> 01:29:54,120
Speaker 1: If we are talking about mass shootings as the FBI

1780
01:29:54,240 --> 01:29:57,759
Speaker 1: defines it, what emerges instead is an epidemic of gang

1781
01:29:57,840 --> 01:30:01,519
Speaker 1: violence and domestic abuse. U two combined make up eighty

1782
01:30:01,560 --> 01:30:04,519
Speaker 1: eight percent of so called mass shootings as the FBI

1783
01:30:04,600 --> 01:30:07,280
Speaker 1: defines them. None of this is to whitewash the horror

1784
01:30:07,320 --> 01:30:10,720
Speaker 1: of Nashville, Uvaldi or any of those incidents. Either It's

1785
01:30:10,800 --> 01:30:13,920
Speaker 1: just to say that the overwhelming societal consensus around an

1786
01:30:13,920 --> 01:30:16,160
Speaker 1: assault weapons van just does not have a lot of

1787
01:30:16,200 --> 01:30:18,439
Speaker 1: evidence to back it up. You don't even have to

1788
01:30:18,439 --> 01:30:21,120
Speaker 1: take it from me. The RAM Corporation, the US government

1789
01:30:21,120 --> 01:30:24,559
Speaker 1: aligned the think tank last month did a systematic review

1790
01:30:24,840 --> 01:30:27,760
Speaker 1: of all comprehensive studies that we have out there, and

1791
01:30:27,840 --> 01:30:30,439
Speaker 1: guess what they found. Quote. Evidence for the effect of

1792
01:30:30,439 --> 01:30:33,920
Speaker 1: an assault weapons ban on mass shootings is inconclusive. Evidence

1793
01:30:33,960 --> 01:30:37,759
Speaker 1: that high capacity magazine bands may decrease mass shootings is limited.

1794
01:30:37,960 --> 01:30:40,880
Speaker 1: By the way. This even includes the rig stats that

1795
01:30:40,920 --> 01:30:44,639
Speaker 1: the FBI uses citing gang violence and domestic abuse incidents.

1796
01:30:44,880 --> 01:30:47,400
Speaker 1: In fact, I believe in assault weapons ban would actually

1797
01:30:47,479 --> 01:30:51,080
Speaker 1: lead to more horrifying incidents, not less. We are talking

1798
01:30:51,160 --> 01:30:54,120
Speaker 1: right now during the thirtieth anniversary of the carnage at Waco.

1799
01:30:54,400 --> 01:30:56,280
Speaker 1: What was the pretext for that initial raid in the

1800
01:30:56,280 --> 01:30:59,400
Speaker 1: first place, a bullshit gun charge against the branch Davidians,

1801
01:30:59,640 --> 01:31:03,280
Speaker 1: or what precipitated the horror show at Ruby Ridge? Another

1802
01:31:03,600 --> 01:31:06,639
Speaker 1: atf style charge, and we're here attempting to snare Randy

1803
01:31:06,640 --> 01:31:09,280
Speaker 1: Weaver with a gun charge that he beat in court

1804
01:31:09,520 --> 01:31:12,360
Speaker 1: after his wife was murdered by an FBI sniper A

1805
01:31:12,520 --> 01:31:17,520
Speaker 1: ban is just another pretext for federal authorities to prompt raids, investigation,

1806
01:31:17,760 --> 01:31:20,520
Speaker 1: and stops. If that's something that you care about decreasing,

1807
01:31:20,800 --> 01:31:24,000
Speaker 1: but let's keep digging, then what can change? What did change?

1808
01:31:24,000 --> 01:31:26,240
Speaker 1: What can we do? If anything? Where should we look

1809
01:31:26,240 --> 01:31:28,880
Speaker 1: for solutions? One area of interest is a focus on

1810
01:31:28,920 --> 01:31:31,840
Speaker 1: mental health. Obviously, anyone who is trans or not who

1811
01:31:31,920 --> 01:31:34,439
Speaker 1: kills little children in cold blood is a sick freak

1812
01:31:34,520 --> 01:31:37,679
Speaker 1: with something very seriously wrong in the head. Unsurprisingly, when

1813
01:31:37,680 --> 01:31:41,160
Speaker 1: you filter out gang violence and domestic abuse incidents, mass shooters,

1814
01:31:41,200 --> 01:31:45,880
Speaker 1: as we understand it, publicly overwhelmingly have untreated or undiagnosed

1815
01:31:45,960 --> 01:31:49,360
Speaker 1: mental illness. This in recent months has become a major

1816
01:31:49,520 --> 01:31:52,840
Speaker 1: GOP talking point, which I actually agree with. The problem though,

1817
01:31:52,880 --> 01:31:56,280
Speaker 1: on policy is they don't really agree. While rhetorically backing

1818
01:31:56,320 --> 01:31:59,439
Speaker 1: mental health resource expansion, we have seen the opposite occur.

1819
01:31:59,640 --> 01:32:01,400
Speaker 1: In fact, the very same day that many of these

1820
01:32:01,439 --> 01:32:03,519
Speaker 1: senators were talking about how we need to increase mental

1821
01:32:03,520 --> 01:32:07,679
Speaker 1: health resources, ten Republican led governors continue to reject federal

1822
01:32:07,680 --> 01:32:11,679
Speaker 1: funding to expand Medicaid, dooming smaller and rural hospitals, many

1823
01:32:11,720 --> 01:32:14,479
Speaker 1: of which provide mental health resources in an area with

1824
01:32:14,560 --> 01:32:17,160
Speaker 1: almost nothing else. You don't have to endorse Medicare for

1825
01:32:17,240 --> 01:32:19,920
Speaker 1: all to understand that that will have a major negative

1826
01:32:19,960 --> 01:32:22,880
Speaker 1: impact on some of the poorest and most vulnerable people

1827
01:32:23,080 --> 01:32:26,559
Speaker 1: in the United States. Well adjusted people don't murder little

1828
01:32:26,640 --> 01:32:29,960
Speaker 1: kids in cold blood, and mental health resources themselves, though,

1829
01:32:30,080 --> 01:32:32,760
Speaker 1: are not the whole answer. What they prescribe may also

1830
01:32:32,800 --> 01:32:36,080
Speaker 1: be ass important. The US has undergone an explosion in

1831
01:32:36,120 --> 01:32:39,040
Speaker 1: psychiatric medication over the last two decades, especially in the

1832
01:32:39,120 --> 01:32:41,800
Speaker 1: last two years. In twenty nineteen, some ten percent of

1833
01:32:41,800 --> 01:32:45,000
Speaker 1: teenage girls in the US are taking antidepressants and about

1834
01:32:45,000 --> 01:32:48,160
Speaker 1: five percent of boys. But since COVID it's not just antidepressants,

1835
01:32:48,160 --> 01:32:51,000
Speaker 1: which is skyrocketed adderall prescriptions have gone up by a

1836
01:32:51,040 --> 01:32:53,559
Speaker 1: full thirty percent and rising just in the last five

1837
01:32:53,640 --> 01:32:56,400
Speaker 1: years alone. There is real no way to know what

1838
01:32:56,479 --> 01:33:00,000
Speaker 1: percent of American teenagers are on both SSRIs and effectively

1839
01:33:00,080 --> 01:33:02,280
Speaker 1: legalized meth, but it is safe to say it is

1840
01:33:02,320 --> 01:33:04,559
Speaker 1: in the tens of millions, and it is something that

1841
01:33:04,560 --> 01:33:07,280
Speaker 1: has only happened in the last twenty years to head

1842
01:33:07,320 --> 01:33:09,920
Speaker 1: off the inevitable. This is not to say these drugs

1843
01:33:09,920 --> 01:33:13,400
Speaker 1: don't work. They certainly do for some people, but the

1844
01:33:13,520 --> 01:33:16,880
Speaker 1: question is could you get the same benefit without any

1845
01:33:16,960 --> 01:33:19,840
Speaker 1: of the risk of bad side effects and withdrawal. There

1846
01:33:19,880 --> 01:33:22,120
Speaker 1: are reams of evidence now to suggest a range of

1847
01:33:22,160 --> 01:33:25,639
Speaker 1: treatment options, from exercise to psychedelics, may be just as

1848
01:33:25,880 --> 01:33:28,360
Speaker 1: if not more so, of a better effect on lowering

1849
01:33:28,439 --> 01:33:32,040
Speaker 1: depression and treating these illnesses than psychiatric medication. We are

1850
01:33:32,040 --> 01:33:34,479
Speaker 1: not allowed to talk about this though, because we are

1851
01:33:34,560 --> 01:33:36,479
Speaker 1: allowed to talk about this now though, because we know

1852
01:33:36,720 --> 01:33:39,920
Speaker 1: the so called chemical imbalanced thesis is now completely bunk.

1853
01:33:40,439 --> 01:33:43,080
Speaker 1: All of this is a long way of raising questions

1854
01:33:43,280 --> 01:33:47,040
Speaker 1: around something I believe may work. Banning assault weapons is

1855
01:33:47,080 --> 01:33:48,920
Speaker 1: just frankly probably not going to do a damn thing,

1856
01:33:49,200 --> 01:33:51,519
Speaker 1: even if it feels good to say it. Expanding mental

1857
01:33:51,560 --> 01:33:55,360
Speaker 1: health resources, pushing real solutions over drugs for profit actually

1858
01:33:55,360 --> 01:33:58,360
Speaker 1: could make a difference, not only in stopping school shootings,

1859
01:33:58,439 --> 01:34:01,320
Speaker 1: but addressing the vast majority of these gun debts, which

1860
01:34:01,360 --> 01:34:04,600
Speaker 1: are self inflicted gunshot wounds by American males to the

1861
01:34:04,640 --> 01:34:07,680
Speaker 1: head who feel that they know they no longer have

1862
01:34:07,760 --> 01:34:10,320
Speaker 1: a will to live. I mean, I just think it's

1863
01:34:10,320 --> 01:34:12,800
Speaker 1: important to look at the data and you know that's

1864
01:34:13,000 --> 01:34:15,160
Speaker 1: really true. And if you want to hear my reaction

1865
01:34:15,200 --> 01:34:18,880
Speaker 1: to Sagres's monologue become a premium subscriber today at Breakingpoints

1866
01:34:18,920 --> 01:34:25,320
Speaker 1: dot com. Some pretty explosive hearings yesterday on Capitol Hill

1867
01:34:25,600 --> 01:34:30,120
Speaker 1: centater Bernie Sanders sharply questioning former Starbucks CEO Howard Schultz

1868
01:34:30,240 --> 01:34:34,160
Speaker 1: about his union busting and effectively lawless behavior with regard

1869
01:34:34,200 --> 01:34:36,719
Speaker 1: to these Starbucks stores that have unionized across the country.

1870
01:34:36,880 --> 01:34:39,559
Speaker 1: Really excited to talk to our next guest, Michelle Eisen.

1871
01:34:39,720 --> 01:34:42,640
Speaker 1: She is barista and a worker organizer. She was one

1872
01:34:42,680 --> 01:34:45,160
Speaker 1: of the first, She was actually an organizer at the

1873
01:34:45,240 --> 01:34:48,080
Speaker 1: first store in Buffalo to unionize, and she was present

1874
01:34:48,080 --> 01:34:49,840
Speaker 1: for the hearings yesterday. Great to have you, Michelle. Good

1875
01:34:49,840 --> 01:34:52,800
Speaker 1: to see you, Michelle, It's good to be here. Thank you. Yeah,

1876
01:34:52,840 --> 01:34:55,479
Speaker 1: of course. So first, just off the top, your reaction

1877
01:34:55,640 --> 01:34:57,479
Speaker 1: to what you saw yesterday, and we've got a couple

1878
01:34:57,560 --> 01:35:01,240
Speaker 1: pieces we can play for people in a moment. Sure.

1879
01:35:01,360 --> 01:35:04,439
Speaker 1: So I sat in that hearing room yesterday. It's actually

1880
01:35:04,439 --> 01:35:06,960
Speaker 1: the first time I've ever had the pleasure of being

1881
01:35:07,000 --> 01:35:11,559
Speaker 1: that close to Howard Schultz. For someone who claims he

1882
01:35:11,640 --> 01:35:14,120
Speaker 1: wants to have a direct relationship with his workers and

1883
01:35:14,200 --> 01:35:16,200
Speaker 1: listen to their voices, he does a really good job

1884
01:35:16,200 --> 01:35:18,559
Speaker 1: of avoiding that most of the time, and that's also

1885
01:35:18,560 --> 01:35:22,200
Speaker 1: what we saw yesterday. What I witnessed, though, was him

1886
01:35:22,240 --> 01:35:25,160
Speaker 1: parroting the same anti union talking points he's been saying

1887
01:35:25,240 --> 01:35:28,759
Speaker 1: since August of twenty twenty one, when we first started

1888
01:35:28,760 --> 01:35:33,360
Speaker 1: this organizing campaign. I saw him avoid most difficult questions.

1889
01:35:33,760 --> 01:35:38,240
Speaker 1: He is very adept at sort of skimming past the

1890
01:35:38,280 --> 01:35:41,320
Speaker 1: actual content of what, you know, the senators were asking

1891
01:35:41,400 --> 01:35:43,680
Speaker 1: him and just going right into his tirade about how

1892
01:35:43,720 --> 01:35:46,160
Speaker 1: great his company is and why it doesn't need a union.

1893
01:35:46,640 --> 01:35:50,000
Speaker 1: So that was not new. None of that was new.

1894
01:35:50,280 --> 01:35:55,559
Speaker 1: What I didn't really expect was how hard a couple

1895
01:35:55,560 --> 01:35:57,840
Speaker 1: of the senators came at him and actually kind of

1896
01:35:57,920 --> 01:36:00,240
Speaker 1: knocked him off gilter a little bit for someone who's

1897
01:36:00,280 --> 01:36:04,280
Speaker 1: usually very composed, and that was nice to see. It

1898
01:36:04,320 --> 01:36:06,400
Speaker 1: was nice to see him actually be put in the

1899
01:36:06,400 --> 01:36:09,240
Speaker 1: hot seat for once, for everything that he's put us

1900
01:36:09,280 --> 01:36:11,680
Speaker 1: through in the last eighteen months. Well, we had one

1901
01:36:11,680 --> 01:36:13,800
Speaker 1: moment from Senator Bernie Sanders who wanted to take a

1902
01:36:13,800 --> 01:36:16,280
Speaker 1: look at let's take a listen. Have you ever threatened,

1903
01:36:16,520 --> 01:36:20,559
Speaker 1: coerce or intimidated a work for supporting a union. I've

1904
01:36:20,560 --> 01:36:23,920
Speaker 1: had conversations that could have been interpreted in a different

1905
01:36:23,920 --> 01:36:26,439
Speaker 1: way than I intended. It's up to the person who

1906
01:36:26,520 --> 01:36:30,440
Speaker 1: received the information that I spoken about. Were you informed

1907
01:36:30,520 --> 01:36:34,559
Speaker 1: of or involved in the decision to withhold benefits from

1908
01:36:34,560 --> 01:36:38,839
Speaker 1: Stallbucks workers in unionized stores, including higher pay and fastest

1909
01:36:38,840 --> 01:36:43,280
Speaker 1: sick time accrual. My understanding when we created the benefits

1910
01:36:43,280 --> 01:36:45,880
Speaker 1: in May, one month after I returned to CEO, my

1911
01:36:45,960 --> 01:36:48,160
Speaker 1: understanding was under the law, we did not have the

1912
01:36:48,240 --> 01:36:52,599
Speaker 1: unilateral right to provide those benefits to employees who were

1913
01:36:52,720 --> 01:36:56,080
Speaker 1: interested in joining a union. Am I hearing you say

1914
01:36:56,120 --> 01:36:58,480
Speaker 1: that you were involved in the decision to hold benefits

1915
01:36:58,640 --> 01:37:01,160
Speaker 1: from Stallbucks workers in union Stores's ho what I'm hearing?

1916
01:37:01,280 --> 01:37:03,240
Speaker 1: It was my understanding that we could not provide those

1917
01:37:03,240 --> 01:37:05,519
Speaker 1: benefits under the law. So what did you make of

1918
01:37:05,840 --> 01:37:09,640
Speaker 1: that response there? First of all, not outright denying retaliating

1919
01:37:09,680 --> 01:37:11,960
Speaker 1: against people, but also just you know, rewriting a little

1920
01:37:11,960 --> 01:37:14,640
Speaker 1: bit of history. I mean, it was a it was

1921
01:37:14,680 --> 01:37:17,280
Speaker 1: a flat out lie. I mean, that is That's what

1922
01:37:17,360 --> 01:37:20,640
Speaker 1: it was. I was already a unionized barista at that

1923
01:37:20,680 --> 01:37:23,080
Speaker 1: point when he returned to CEO to sort of try

1924
01:37:23,080 --> 01:37:25,639
Speaker 1: and save the day, as he says it, or write

1925
01:37:25,680 --> 01:37:28,400
Speaker 1: the path of the company. I remember him making that

1926
01:37:28,439 --> 01:37:31,320
Speaker 1: announcement that these new benefits were coming down, most of

1927
01:37:31,360 --> 01:37:34,479
Speaker 1: which I will mention were based off proposals that the

1928
01:37:34,720 --> 01:37:39,280
Speaker 1: union workers had originally proposed to the company. It felt

1929
01:37:39,560 --> 01:37:42,040
Speaker 1: like a punishment, it felt like retaliation, and we're still

1930
01:37:42,040 --> 01:37:46,160
Speaker 1: feeling the effects of that. Later on in the hearing,

1931
01:37:46,320 --> 01:37:48,599
Speaker 1: one of the senators, you know, held up a letter

1932
01:37:48,680 --> 01:37:51,200
Speaker 1: that we had sent to the company saying that the

1933
01:37:51,280 --> 01:37:54,320
Speaker 1: unionized workers actually waved their legal right to bargain over

1934
01:37:54,360 --> 01:37:57,719
Speaker 1: those new benefits and we wanted them instituted, which took

1935
01:37:57,800 --> 01:38:00,640
Speaker 1: his whole argument of well, we weren't legally allowed to

1936
01:38:00,680 --> 01:38:03,080
Speaker 1: give these benefits to the union workers right off the table,

1937
01:38:03,479 --> 01:38:05,479
Speaker 1: And that was a really great moment because he had

1938
01:38:05,479 --> 01:38:07,840
Speaker 1: to backtrack and he had to say, well, actually, you know,

1939
01:38:07,880 --> 01:38:11,280
Speaker 1: it's it's our preference that we want to bargain over this.

1940
01:38:11,640 --> 01:38:14,160
Speaker 1: The reality is they didn't give these to the unionized

1941
01:38:14,200 --> 01:38:17,759
Speaker 1: workers as a punishment, as retaliation, and because they simply

1942
01:38:17,800 --> 01:38:20,760
Speaker 1: didn't want to not because they legally couldn't, you know,

1943
01:38:20,880 --> 01:38:25,080
Speaker 1: Just to back up what you're saying here about Starbucks's behavior,

1944
01:38:25,160 --> 01:38:28,200
Speaker 1: I mean, this is not like your opinion or my opinion.

1945
01:38:28,560 --> 01:38:31,960
Speaker 1: This is based on findings by the NLRB of the

1946
01:38:32,000 --> 01:38:34,640
Speaker 1: types of violations that they've been engaged with. This is

1947
01:38:34,680 --> 01:38:38,000
Speaker 1: from Senator Sanders prepared opening statement. He pointed out the

1948
01:38:38,080 --> 01:38:41,200
Speaker 1: NLRB has filed over eighty complaints against Starbucks for violating

1949
01:38:41,200 --> 01:38:44,479
Speaker 1: federal labor law. There have been over five hundred unfair

1950
01:38:44,560 --> 01:38:47,360
Speaker 1: labor practice charges lodged against the company, and judges have

1951
01:38:47,360 --> 01:38:50,759
Speaker 1: found that Starbucks broke the law one hundred and thirty

1952
01:38:50,800 --> 01:38:55,800
Speaker 1: times across six different states since workers began organizing in

1953
01:38:55,840 --> 01:38:58,680
Speaker 1: the fall of twenty twenty one. One other thing that

1954
01:38:58,720 --> 01:39:01,599
Speaker 1: came up repeatedly hearing, which I was glad to see,

1955
01:39:01,880 --> 01:39:04,160
Speaker 1: is of all of these it's what roughly three hundred

1956
01:39:04,200 --> 01:39:07,040
Speaker 1: and sixty stores now that have chosen voted in a

1957
01:39:07,040 --> 01:39:12,080
Speaker 1: democratic process to unionize. Not a single one has been

1958
01:39:12,120 --> 01:39:15,439
Speaker 1: able to come to a contract deal with Starbucks. I mean,

1959
01:39:15,479 --> 01:39:18,960
Speaker 1: they're clearly stonewalling, and you know, I would argue again

1960
01:39:19,120 --> 01:39:21,760
Speaker 1: in violation of labor law in terms of negotiating in

1961
01:39:21,880 --> 01:39:24,759
Speaker 1: good faith to come to a contract deal with these stores.

1962
01:39:25,160 --> 01:39:27,920
Speaker 1: What has the impact been for you all at the

1963
01:39:28,320 --> 01:39:30,640
Speaker 1: you know, you were the very first store in Buffalo

1964
01:39:30,680 --> 01:39:33,479
Speaker 1: to unionize. This has been quite a while now that

1965
01:39:33,520 --> 01:39:36,680
Speaker 1: you've been hanging out there with no contract deal. What

1966
01:39:36,760 --> 01:39:39,760
Speaker 1: has that done to morale of you and your colleagues there.

1967
01:39:40,479 --> 01:39:43,960
Speaker 1: It's been difficult. It's been really really hard to go in,

1968
01:39:44,120 --> 01:39:46,320
Speaker 1: you know, every day or multiple times a week and

1969
01:39:46,479 --> 01:39:50,840
Speaker 1: feel like you're being punished for executing your constitutional right

1970
01:39:50,960 --> 01:39:54,200
Speaker 1: to organize your workplace. To be down the street from

1971
01:39:54,240 --> 01:39:57,120
Speaker 1: a store that is you know, chosen not to unionize

1972
01:39:57,160 --> 01:39:59,360
Speaker 1: or has been scared out of the idea of organizing

1973
01:39:59,479 --> 01:40:03,000
Speaker 1: and watch them making you know, up to four dollars

1974
01:40:03,000 --> 01:40:06,240
Speaker 1: more an hour than you are based on the wages

1975
01:40:06,400 --> 01:40:09,400
Speaker 1: increases that we didn't get and credit card tipping, which

1976
01:40:09,439 --> 01:40:12,280
Speaker 1: was implemented again to non union stores but not to

1977
01:40:12,360 --> 01:40:16,040
Speaker 1: unionized stores, and have to you know, have those conversations

1978
01:40:16,120 --> 01:40:19,120
Speaker 1: with your coworkers every day about the fact that we're

1979
01:40:19,120 --> 01:40:20,840
Speaker 1: still on the right side of this fight and we

1980
01:40:20,960 --> 01:40:24,640
Speaker 1: have to keep fighting. But feeling like you're being punished,

1981
01:40:24,920 --> 01:40:27,400
Speaker 1: you know, the the entire time. It's been really hard.

1982
01:40:27,920 --> 01:40:30,519
Speaker 1: Got it. Wow, Well, it's a really tough situation, I know.

1983
01:40:30,600 --> 01:40:33,120
Speaker 1: And then just you know, for what's next, Like, what

1984
01:40:33,160 --> 01:40:34,960
Speaker 1: do you think that the future holds after this hearing?

1985
01:40:36,080 --> 01:40:39,519
Speaker 1: You know, I've been with the company twelve plus years.

1986
01:40:39,560 --> 01:40:42,960
Speaker 1: It's been a long time. I started with this company

1987
01:40:42,960 --> 01:40:45,280
Speaker 1: because I thought they were a better company. The company.

1988
01:40:45,320 --> 01:40:48,559
Speaker 1: They profess to be very progressive and cared about their workers.

1989
01:40:49,120 --> 01:40:51,760
Speaker 1: And I think there's still a small part of me

1990
01:40:51,920 --> 01:40:55,320
Speaker 1: that idealistically thinks that they can be that company. They

1991
01:40:55,360 --> 01:40:57,599
Speaker 1: can get back to that. And we have this new

1992
01:40:57,640 --> 01:41:00,160
Speaker 1: CEO that's just come into power, and he has the

1993
01:41:00,200 --> 01:41:03,240
Speaker 1: ability to right these wrongs. You know, he can turn

1994
01:41:03,280 --> 01:41:05,640
Speaker 1: this around in an instant. He can come to us

1995
01:41:05,680 --> 01:41:07,880
Speaker 1: and say, we're ready to negotiate a contract and good faith,

1996
01:41:07,960 --> 01:41:11,160
Speaker 1: let's get down to it. Let's start these conversations. And

1997
01:41:11,760 --> 01:41:14,360
Speaker 1: I'm hoping that that's what happens. We're going to keep fighting.

1998
01:41:14,400 --> 01:41:16,679
Speaker 1: We're not standing down. This movement is just getting stronger

1999
01:41:16,680 --> 01:41:20,120
Speaker 1: and stronger every day. There are stores filing petitions because

2000
01:41:20,360 --> 01:41:23,320
Speaker 1: they want a voice in their workplace. They want assurances

2001
01:41:23,560 --> 01:41:26,200
Speaker 1: the company is great. It can be great. You know,

2002
01:41:26,560 --> 01:41:29,200
Speaker 1: it does offer some wonderful benefits, but it also can

2003
01:41:29,200 --> 01:41:31,240
Speaker 1: come and take those benefits away in an instant, and

2004
01:41:31,280 --> 01:41:33,880
Speaker 1: that's what I've watched them do to us. What we

2005
01:41:33,920 --> 01:41:35,960
Speaker 1: need is a contract that assures that they can't come

2006
01:41:36,000 --> 01:41:39,040
Speaker 1: and just take something away from us, and so I'd

2007
01:41:39,120 --> 01:41:42,720
Speaker 1: like to ask this new CEO to do that, to

2008
01:41:42,800 --> 01:41:45,400
Speaker 1: come and start having these conversations. I'm not going to

2009
01:41:45,439 --> 01:41:47,439
Speaker 1: say we'll let the past be the past. The company

2010
01:41:47,479 --> 01:41:50,479
Speaker 1: has done some pretty awful things to its organizing workers,

2011
01:41:50,520 --> 01:41:54,120
Speaker 1: but we can start to heal I think. And finally, Michelle,

2012
01:41:54,240 --> 01:41:57,160
Speaker 1: do you think that these hearings move the ball forward

2013
01:41:57,960 --> 01:42:00,840
Speaker 1: for you and your coworkers and what would you like

2014
01:42:00,920 --> 01:42:03,240
Speaker 1: to see? You know, what would your message should Joe Biden,

2015
01:42:03,280 --> 01:42:06,080
Speaker 1: for example, be about what he could do to make

2016
01:42:06,120 --> 01:42:08,840
Speaker 1: sure that you and other workers who want to unionize

2017
01:42:08,960 --> 01:42:12,840
Speaker 1: do not face this type of bullying, punishment and intimidation.

2018
01:42:14,000 --> 01:42:17,240
Speaker 1: Keeping the spotlight on these corporations and these billionaires who

2019
01:42:17,520 --> 01:42:20,719
Speaker 1: think that they can just bully their way and pay

2020
01:42:20,760 --> 01:42:24,719
Speaker 1: their way out of allowing their workers to organize, making

2021
01:42:24,760 --> 01:42:28,320
Speaker 1: sure that they are held accountable. We need labor law

2022
01:42:28,439 --> 01:42:33,600
Speaker 1: legislation overhaul immediately. We need some sort of timeline or

2023
01:42:33,680 --> 01:42:36,120
Speaker 1: deadline put on these companies that forces them to the

2024
01:42:36,120 --> 01:42:38,640
Speaker 1: table and to start negotiating these contracts, because what they

2025
01:42:38,680 --> 01:42:40,519
Speaker 1: do is they run out the clock. They try to

2026
01:42:40,560 --> 01:42:44,760
Speaker 1: exhaust workers into leaving the company or giving up, and

2027
01:42:44,840 --> 01:42:48,160
Speaker 1: there's nothing really there to prevent them from doing that,

2028
01:42:48,960 --> 01:42:51,200
Speaker 1: so you know, the proact would have gone a long way.

2029
01:42:51,920 --> 01:42:53,960
Speaker 1: I still think that can be on the table, so

2030
01:42:54,000 --> 01:42:57,880
Speaker 1: we need to start working towards that. We hear you there.

2031
01:42:57,920 --> 01:43:00,360
Speaker 1: We'll continue pushing for it, and we really thank you

2032
01:43:00,400 --> 01:43:02,720
Speaker 1: for your time today, Michelle, thank you, Thank you so much,

2033
01:43:02,760 --> 01:43:05,920
Speaker 1: guys our pleasure. Thank you guys so much for watching

2034
01:43:05,920 --> 01:43:07,960
Speaker 1: and appreciate it. And I know it was weird week.

2035
01:43:08,280 --> 01:43:10,280
Speaker 1: I was out, Crystal was out, but we're back. We're

2036
01:43:10,280 --> 01:43:13,240
Speaker 1: back here. Thank you everybody who's taking advantage of Spotify

2037
01:43:13,320 --> 01:43:15,240
Speaker 1: watching the premium show over there. I know you guys

2038
01:43:15,360 --> 01:43:17,519
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2039
01:43:17,520 --> 01:43:19,599
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2040
01:43:19,640 --> 01:43:22,280
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2041
01:43:22,520 --> 01:43:25,040
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2042
01:43:25,160 --> 01:43:27,000
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2043
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2044
01:43:30,360 --> 01:43:31,720
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2045
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2046
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2047
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2048
01:43:37,680 --> 01:43:50,240
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