1 00:00:00,760 --> 00:00:03,720 Speaker 1: Hey, guys, ready or not, twenty twenty four is here, 2 00:00:03,880 --> 00:00:06,320 Speaker 1: and we here at breaking points, are already thinking of 3 00:00:06,400 --> 00:00:08,600 Speaker 1: ways we can up our game for this critical election. 4 00:00:08,800 --> 00:00:11,719 Speaker 2: We rely on our premium subs to expand coverage, upgrade 5 00:00:11,760 --> 00:00:15,960 Speaker 2: the studio ad staff give you, guys, the best independent coverage. 6 00:00:15,600 --> 00:00:16,239 Speaker 3: That is possible. 7 00:00:16,280 --> 00:00:18,279 Speaker 2: If you like what we're all about, it just means 8 00:00:18,320 --> 00:00:20,840 Speaker 2: the absolute world to have your support. But enough with that, 9 00:00:21,040 --> 00:00:33,880 Speaker 2: let's get to the show. 10 00:00:36,560 --> 00:00:39,199 Speaker 1: Quite an interesting and insightful piece of reporting from the 11 00:00:39,200 --> 00:00:41,680 Speaker 1: Wall Street Journal into what is going on with the 12 00:00:41,760 --> 00:00:42,559 Speaker 1: Biden campaign. 13 00:00:42,640 --> 00:00:43,640 Speaker 4: Put this up on the screen. 14 00:00:43,640 --> 00:00:47,480 Speaker 1: He's getting advice from an interesting place. The headline here 15 00:00:47,560 --> 00:00:51,400 Speaker 1: is Jeffrey Katzenberg's very Hollywood advice for Joe Biden. Entertainment 16 00:00:51,400 --> 00:00:54,760 Speaker 1: Mogul is a campaign advisor with Harrison Ford and Mick 17 00:00:54,840 --> 00:00:57,280 Speaker 1: Jagger as presidential role models. 18 00:00:57,760 --> 00:00:59,040 Speaker 4: Here's what they mean by that. 19 00:00:59,160 --> 00:01:02,400 Speaker 1: Apparently, the movie Mogul has joined with other advisors in 20 00:01:02,480 --> 00:01:06,160 Speaker 1: counseling President Biden to quote own his age and turn 21 00:01:06,200 --> 00:01:09,559 Speaker 1: it into an asset. If Harrison Ford, eighty years old, 22 00:01:09,600 --> 00:01:11,560 Speaker 1: can start in a new Indiana Jones movie and the 23 00:01:11,640 --> 00:01:14,399 Speaker 1: Rolling Stones MC Jagger, who turns eighty next month can 24 00:01:14,440 --> 00:01:18,279 Speaker 1: strut around the stadium stage. Katzenberg says, then Biden should 25 00:01:18,360 --> 00:01:21,399 Speaker 1: lean into his longevity as a sign of wisdom and experience, 26 00:01:21,400 --> 00:01:24,000 Speaker 1: while offering a sense of humor about it. They go 27 00:01:24,040 --> 00:01:26,800 Speaker 1: on to say that that's one of the things Katzenberg 28 00:01:26,840 --> 00:01:28,800 Speaker 1: has brought to bear. The primary thing he's brought to 29 00:01:28,800 --> 00:01:32,840 Speaker 1: bearra's massive fundraising. Yeah, also muddling in a campaign that yeah, 30 00:01:33,319 --> 00:01:34,520 Speaker 1: is going to need it and doesn't have a lot 31 00:01:34,560 --> 00:01:37,199 Speaker 1: of grassroots fundraising support. So that's probably the most important 32 00:01:37,240 --> 00:01:38,520 Speaker 1: piece of what he's offering here. But what do you 33 00:01:38,520 --> 00:01:39,120 Speaker 1: think of the advice? 34 00:01:39,160 --> 00:01:39,440 Speaker 5: Sager? 35 00:01:39,640 --> 00:01:44,360 Speaker 2: Yeah, Look, whenever we're looking at this one, you have 36 00:01:44,360 --> 00:01:47,400 Speaker 2: an eighty year old who is literate, what is it 37 00:01:47,440 --> 00:01:50,920 Speaker 2: an eighty year old who is looking to inspiration to 38 00:01:51,000 --> 00:01:53,200 Speaker 2: other eighty year olds. I think that there might be 39 00:01:53,440 --> 00:01:58,840 Speaker 2: maybe crystal a slight difference between Biden and Mick Jagger 40 00:01:59,040 --> 00:02:04,200 Speaker 2: and some others, apparently George Harrison Ford from some of 41 00:02:04,240 --> 00:02:08,520 Speaker 2: it might be a drug cocktail, to be quite honest, Yeah, exactly, 42 00:02:08,520 --> 00:02:11,720 Speaker 2: I guess might start shooting whatever these guys are taking. 43 00:02:11,800 --> 00:02:14,799 Speaker 2: But also, look, you know what we've always talked about 44 00:02:14,919 --> 00:02:19,639 Speaker 2: is like being eighty itself is not necessarily disqualification. It's about, well, 45 00:02:19,680 --> 00:02:22,480 Speaker 2: when you're at that age, the risk of being mentally 46 00:02:22,480 --> 00:02:25,280 Speaker 2: incapacitated as much higher, and are you beginning to show 47 00:02:25,280 --> 00:02:28,880 Speaker 2: the signs of potentially getting to that point? And I 48 00:02:28,880 --> 00:02:31,160 Speaker 2: think it's quite obvious if you look at Harrison Ford. 49 00:02:31,160 --> 00:02:33,880 Speaker 2: The new trailer for Indiana Jones looks decent. I'm, you know, 50 00:02:33,960 --> 00:02:36,600 Speaker 2: personally gonna I'm gonna wait until we actually see. 51 00:02:36,440 --> 00:02:37,080 Speaker 3: The whole movie. 52 00:02:37,280 --> 00:02:39,639 Speaker 2: Just like the last one Judgment, well, it's just the 53 00:02:39,720 --> 00:02:42,680 Speaker 2: last one with such a disaster was screw It was horrible, 54 00:02:42,800 --> 00:02:46,080 Speaker 2: the Crystal Skull. Well, Mick Jagger, of course, you know, 55 00:02:46,120 --> 00:02:48,760 Speaker 2: has shown his proven ability, but with Biden, like we 56 00:02:48,840 --> 00:02:51,680 Speaker 2: literally have him on camera every single day, so we know, 57 00:02:52,160 --> 00:02:55,120 Speaker 2: you know what exactly it looks like and what some 58 00:02:55,160 --> 00:02:58,520 Speaker 2: of the missteps are. So thus the comparison is just 59 00:02:58,600 --> 00:03:01,680 Speaker 2: not the same. Both with Harrison Ford and with Mick Jagger. 60 00:03:01,880 --> 00:03:04,440 Speaker 2: The proof is in the performance, and the performance here 61 00:03:04,840 --> 00:03:08,840 Speaker 2: is just not even comparable. So you can't take advice, Yeah, people. 62 00:03:08,639 --> 00:03:11,640 Speaker 4: Right, that's the thing is like, it's probably the best. 63 00:03:11,440 --> 00:03:12,919 Speaker 6: Advice you could do, for sure. 64 00:03:12,960 --> 00:03:13,960 Speaker 3: I agree, it's just. 65 00:03:14,280 --> 00:03:17,680 Speaker 1: The ability to execute on that advice that remains in 66 00:03:17,800 --> 00:03:21,200 Speaker 1: significant doubt. So here's part of what Biden said about 67 00:03:21,240 --> 00:03:23,160 Speaker 1: his age when he was asked about it. He was 68 00:03:23,200 --> 00:03:25,840 Speaker 1: actually asked about a press conference with the South Korean president, 69 00:03:26,240 --> 00:03:29,600 Speaker 1: and he said, quote, with regard to age, I can't 70 00:03:29,639 --> 00:03:31,760 Speaker 1: even say, I guess how old I am. I can't 71 00:03:31,800 --> 00:03:34,480 Speaker 1: even say the number. It doesn't register with me. I 72 00:03:34,560 --> 00:03:37,320 Speaker 1: respect them taking a hard look at it. Talking about voters. 73 00:03:37,400 --> 00:03:39,720 Speaker 1: I take a hard look at it as well. I 74 00:03:39,760 --> 00:03:41,920 Speaker 1: took a hard look at it before I decided to run. 75 00:03:42,000 --> 00:03:44,920 Speaker 1: And I feel good. I feel excited about the prospects. 76 00:03:44,960 --> 00:03:46,880 Speaker 1: I mean, one thing we have always said is if 77 00:03:46,920 --> 00:03:49,200 Speaker 1: he had the ability to get out there on a 78 00:03:49,240 --> 00:03:52,440 Speaker 1: debate stage and tangle with Bobby Kennedy and Marion or 79 00:03:52,480 --> 00:03:56,160 Speaker 1: whoever and prove that he's up to the jug, then 80 00:03:56,360 --> 00:04:00,920 Speaker 1: he should do that. But they're probably they're probably I 81 00:04:00,920 --> 00:04:04,160 Speaker 1: don't think this is the right ethical, moral strategy, but 82 00:04:04,200 --> 00:04:07,880 Speaker 1: they're probably executing the best possible political strategy in keeping 83 00:04:07,920 --> 00:04:10,560 Speaker 1: him out of the cameras and kind of hiding from 84 00:04:10,600 --> 00:04:14,240 Speaker 1: people how he is actually doing at this point. So yeah, 85 00:04:14,280 --> 00:04:16,040 Speaker 1: it'd be nice if he was in a position to 86 00:04:16,080 --> 00:04:19,240 Speaker 1: avail himself of this advice and lean into his age 87 00:04:19,320 --> 00:04:22,160 Speaker 1: or own his age, as they say, and demonstrate that 88 00:04:22,200 --> 00:04:24,799 Speaker 1: he's still just as sharp and wily as ever. 89 00:04:24,880 --> 00:04:26,880 Speaker 4: But I just I don't know that you can really 90 00:04:27,240 --> 00:04:28,239 Speaker 4: execute on this advice. 91 00:04:28,360 --> 00:04:32,520 Speaker 2: Yeah, I agree, And you know, look, Jeffrey Katzenberg complicated history. 92 00:04:32,600 --> 00:04:34,760 Speaker 2: So on the one hand, I personally owe a lot 93 00:04:34,760 --> 00:04:37,599 Speaker 2: of my childhood guy like Katzenberg. He was responsible for 94 00:04:37,640 --> 00:04:40,800 Speaker 2: some of the greatest hits in Disney animation history. But 95 00:04:40,960 --> 00:04:43,680 Speaker 2: also this is the guy who just did Quibbi, so 96 00:04:43,920 --> 00:04:45,720 Speaker 2: maybe we should hold off on a he was more 97 00:04:45,720 --> 00:04:49,960 Speaker 2: recent advice on communications, specifically in allaying younger people's fears, 98 00:04:49,960 --> 00:04:52,320 Speaker 2: because it's not exactly like he knows what they want. 99 00:04:52,520 --> 00:04:54,320 Speaker 4: And I'm people what Quibbi was. 100 00:04:54,360 --> 00:04:57,240 Speaker 2: It was like a one billion dot maybe more boondoggle 101 00:04:57,320 --> 00:05:00,400 Speaker 2: in terms of like short form content within an app. 102 00:05:00,800 --> 00:05:04,200 Speaker 2: It included like the punked Rebuke and sixty minutes did 103 00:05:04,240 --> 00:05:05,080 Speaker 2: deal it was time. 104 00:05:05,520 --> 00:05:08,520 Speaker 4: Yeah, they was a growing cash of people. 105 00:05:08,480 --> 00:05:10,600 Speaker 3: And they shut down almost overnight. 106 00:05:10,320 --> 00:05:12,560 Speaker 1: A bunch of high level what's that lady's name that 107 00:05:13,000 --> 00:05:16,039 Speaker 1: I don't know anyway, so former Republic that's the one 108 00:05:16,080 --> 00:05:20,680 Speaker 1: for resident. Yeah anyway, Yeah, that was kind of a disaster. 109 00:05:20,720 --> 00:05:23,719 Speaker 1: I forgot about that. But anyway, the Biden White House 110 00:05:23,800 --> 00:05:26,000 Speaker 1: is apparently listening because he's also bringing cash to the 111 00:05:26,040 --> 00:05:27,800 Speaker 1: table and that's what it takes to get an audience 112 00:05:27,800 --> 00:05:28,320 Speaker 1: with the president. 113 00:05:28,360 --> 00:05:30,680 Speaker 2: So there you go, folks, a stunning news story out 114 00:05:30,720 --> 00:05:32,720 Speaker 2: of the SEC and JP Morgan. Let's go ahead and 115 00:05:32,720 --> 00:05:35,800 Speaker 2: put this up there on the screen, guys. So SEC 116 00:05:36,040 --> 00:05:42,800 Speaker 2: is finding JP Morgan subsidiary for deleting forty seven million emails, 117 00:05:43,160 --> 00:05:48,200 Speaker 2: some related to an ongoing subpoena. The broker deal subsidiary 118 00:05:48,200 --> 00:05:51,919 Speaker 2: of JP Morgan Chase four million dollars for accidentally deleting 119 00:05:51,960 --> 00:05:55,080 Speaker 2: forty seven million emails for early twenty eighteen. Some of 120 00:05:55,080 --> 00:05:57,600 Speaker 2: these emails were stopt by subpoenas in at least a 121 00:05:57,920 --> 00:06:02,320 Speaker 2: dozen regulatory investigation. The firm in late twenty twenty one 122 00:06:02,400 --> 00:06:04,680 Speaker 2: agreed to pay one hundred and twenty five million in 123 00:06:04,800 --> 00:06:08,720 Speaker 2: penalties for failing to preserve text messages and other electronic 124 00:06:08,720 --> 00:06:13,440 Speaker 2: communications sent from January twenty eighteen and November of twenty twenty. 125 00:06:13,600 --> 00:06:16,000 Speaker 2: So they are willing to pay over one hundred and 126 00:06:16,040 --> 00:06:17,919 Speaker 2: twenty five million plus another four million or one hundred 127 00:06:17,920 --> 00:06:20,400 Speaker 2: and twenty nine million dollars for a loss of forty 128 00:06:20,400 --> 00:06:21,440 Speaker 2: seven million emails. 129 00:06:21,800 --> 00:06:25,479 Speaker 4: Do you believe a lost yeah, quote unquote, do you believe. 130 00:06:25,200 --> 00:06:29,040 Speaker 2: For one second that these emails were not deeply incriminating. 131 00:06:29,440 --> 00:06:31,680 Speaker 2: And here's the thing, right, you're going to pay one 132 00:06:31,720 --> 00:06:34,520 Speaker 2: hundred and twenty five million just for losing the emails. 133 00:06:34,680 --> 00:06:37,080 Speaker 2: How much were they going to pay for keeping the email? 134 00:06:37,279 --> 00:06:39,920 Speaker 3: Yeah? Well, yeah, that's the real question. 135 00:06:39,960 --> 00:06:41,360 Speaker 4: I mean, here's what's amazing. 136 00:06:41,720 --> 00:06:44,320 Speaker 1: And the way that I mean, white collar crime just 137 00:06:44,440 --> 00:06:46,280 Speaker 1: it's a cost of doing business. I mean, that's the 138 00:06:46,320 --> 00:06:48,720 Speaker 1: way they've used. If you this penalty, this latest one 139 00:06:48,720 --> 00:06:51,320 Speaker 1: of just four million dollars nothing to them, four million 140 00:06:51,360 --> 00:06:54,600 Speaker 1: dollars for them, nothing, and they get to claim that 141 00:06:54,640 --> 00:06:57,680 Speaker 1: they lost these millions and millions of emails. This is 142 00:06:57,760 --> 00:07:01,960 Speaker 1: the third time that this hasn't It happened in late 143 00:07:02,000 --> 00:07:03,920 Speaker 1: twenty twenty one, as you reference. It also happened in 144 00:07:03,960 --> 00:07:06,119 Speaker 1: two thousand and five when they were supposed to preserve 145 00:07:06,160 --> 00:07:08,880 Speaker 1: electronic records from mid ninety nine to mid two thousand 146 00:07:08,920 --> 00:07:12,200 Speaker 1: and two. JP Morgan's spokeswomen declined to comment on the 147 00:07:12,320 --> 00:07:16,720 Speaker 1: latest sanction. And they claim, you know, oh, they began 148 00:07:16,760 --> 00:07:19,960 Speaker 1: a project to delete their older communications and documents no 149 00:07:20,040 --> 00:07:23,000 Speaker 1: longer required to be retained and oopsie, they just accidentally 150 00:07:23,040 --> 00:07:26,760 Speaker 1: deleted tens of millions more that were the subject of 151 00:07:26,800 --> 00:07:30,680 Speaker 1: ongoing investigations, et cetera. Is just astonishing, Like these people 152 00:07:30,720 --> 00:07:32,120 Speaker 1: they literally get away with anything. 153 00:07:32,280 --> 00:07:34,200 Speaker 4: They really do, they really do. 154 00:07:34,600 --> 00:07:36,320 Speaker 2: Yeah, I mean, look, when you have it here in 155 00:07:36,320 --> 00:07:38,760 Speaker 2: front of you that you can have three separate instances 156 00:07:38,760 --> 00:07:41,520 Speaker 2: where you delete emails for the SEC and you have 157 00:07:41,640 --> 00:07:44,440 Speaker 2: to fined every single time, do you really believe that 158 00:07:44,520 --> 00:07:46,560 Speaker 2: it can be an accidental loss. That's the other thing 159 00:07:46,840 --> 00:07:48,760 Speaker 2: I have with CNBC, like, how can you in good 160 00:07:48,800 --> 00:07:51,920 Speaker 2: conscience call this an accidental loss and just take them 161 00:07:52,160 --> 00:07:54,840 Speaker 2: at their word. They say that there were glitches in 162 00:07:54,880 --> 00:07:58,840 Speaker 2: their project which identified documents not in fact being expunged, 163 00:07:59,080 --> 00:08:01,800 Speaker 2: and that while troubles shooting that issue, employees of the 164 00:08:01,840 --> 00:08:05,920 Speaker 2: firm executed deletion task on electronic communications from the entire 165 00:08:06,040 --> 00:08:10,760 Speaker 2: first quarter of twenty eighteen. That these employees erroneously believed 166 00:08:10,960 --> 00:08:13,080 Speaker 2: that all of those documents were coded in a way 167 00:08:13,120 --> 00:08:16,960 Speaker 2: to prevent permanent deletion, even though that permanent deletion had 168 00:08:17,000 --> 00:08:19,800 Speaker 2: happened multiple times before and since. 169 00:08:19,840 --> 00:08:22,880 Speaker 1: So here's here's the other part I like this settlement 170 00:08:23,120 --> 00:08:27,480 Speaker 1: was actually they let the firm JP Morgan themselves suggest 171 00:08:27,640 --> 00:08:29,200 Speaker 1: what settlement they wanted. 172 00:08:28,920 --> 00:08:30,200 Speaker 3: As one does, and then the. 173 00:08:30,080 --> 00:08:33,240 Speaker 1: SEC is like, all right, sure, but don't worry guys. 174 00:08:33,320 --> 00:08:36,600 Speaker 1: As part of that settlement, the SEC also ordered the 175 00:08:36,640 --> 00:08:40,280 Speaker 1: firm to cease and desist from committing any future violations. 176 00:08:40,440 --> 00:08:41,559 Speaker 4: So I'm sure they're. 177 00:08:41,360 --> 00:08:43,439 Speaker 1: Going to clean up their act here. They're going to 178 00:08:43,720 --> 00:08:46,640 Speaker 1: fly right from here on out. They've learned their lesson 179 00:08:46,760 --> 00:08:49,280 Speaker 1: with this, you know, pathetically small fine in the grand 180 00:08:49,320 --> 00:08:52,360 Speaker 1: scheme of their massive wealth, and it'll all be good 181 00:08:52,360 --> 00:08:52,959 Speaker 1: from here on it. 182 00:08:52,960 --> 00:08:56,679 Speaker 2: Right, very very intelligent people who are running this country inmates, 183 00:08:56,720 --> 00:09:00,800 Speaker 2: truly are the ones who are running the asylum. 184 00:09:01,200 --> 00:09:02,160 Speaker 3: Fascinating moment. 185 00:09:02,280 --> 00:09:07,839 Speaker 2: US Envoy for Climate Change John Kerry appeared on French television, 186 00:09:08,480 --> 00:09:11,440 Speaker 2: presumably to talk about some of his climate initiatives, but 187 00:09:11,440 --> 00:09:14,480 Speaker 2: he was asked about the war in Ukraine, about whether 188 00:09:14,520 --> 00:09:18,040 Speaker 2: Putin was a war criminal, and also about war crimes trials. 189 00:09:18,320 --> 00:09:20,920 Speaker 2: When the French host decided to hit back a little 190 00:09:20,960 --> 00:09:23,520 Speaker 2: bit and say, yeah, but what about Bush and Iraq 191 00:09:23,640 --> 00:09:24,960 Speaker 2: and the war that you voted for. 192 00:09:25,200 --> 00:09:26,720 Speaker 3: Let's go and put this up there on the screen. 193 00:09:26,800 --> 00:09:29,720 Speaker 2: Unfortunately it was dubbed, so we only have subtitles in 194 00:09:29,840 --> 00:09:33,199 Speaker 2: terms of what was asked here, and so he says, well, 195 00:09:33,360 --> 00:09:36,440 Speaker 2: he didn't know that that was a lot referencing here post. 196 00:09:36,559 --> 00:09:39,320 Speaker 2: You know the evidence that was produced, people couldn't have 197 00:09:39,440 --> 00:09:42,440 Speaker 2: known that there was a lie. So no, again, I 198 00:09:42,440 --> 00:09:46,320 Speaker 2: think they're stretching something that's not a constructive thing. Whenever 199 00:09:46,400 --> 00:09:50,560 Speaker 2: he's asked there about Iraq, it's not constructive, he says, Sir, 200 00:09:50,640 --> 00:09:53,520 Speaker 2: I am not going to read debate the Iraq war 201 00:09:53,679 --> 00:09:57,480 Speaker 2: here right now. We've spent a lot of time doing that. Previously, 202 00:09:57,559 --> 00:10:00,160 Speaker 2: I was opposed to going in not true, thought it 203 00:10:00,200 --> 00:10:02,040 Speaker 2: was the wrong thing to do, not true, but we 204 00:10:02,120 --> 00:10:05,800 Speaker 2: gave the president the power regrettably the Congress based. 205 00:10:05,520 --> 00:10:06,200 Speaker 3: On a lie. 206 00:10:07,240 --> 00:10:09,640 Speaker 2: And when we knew it was a lie, people stood 207 00:10:09,679 --> 00:10:10,840 Speaker 2: up and did the right thing. 208 00:10:12,559 --> 00:10:15,160 Speaker 4: Many many years did you set up and do the 209 00:10:15,240 --> 00:10:15,600 Speaker 4: right thing? 210 00:10:15,720 --> 00:10:18,319 Speaker 3: That's interesting, so interesting enough. 211 00:10:18,360 --> 00:10:21,280 Speaker 2: I believe Carrie does speak fluent French in terms of 212 00:10:21,320 --> 00:10:25,000 Speaker 2: that debate, in terms of that appearance, but I think 213 00:10:25,040 --> 00:10:28,160 Speaker 2: that is a perfect view of the hypocrisy of the 214 00:10:28,160 --> 00:10:30,240 Speaker 2: way that we look and that what we talk whenever 215 00:10:30,280 --> 00:10:34,120 Speaker 2: we conduct ourselves in international affairs, and that's not China, 216 00:10:34,360 --> 00:10:38,360 Speaker 2: that's not India. That's not an adversary or somewhere that's 217 00:10:38,400 --> 00:10:39,040 Speaker 2: non Western. 218 00:10:39,280 --> 00:10:39,920 Speaker 3: That's France. 219 00:10:40,280 --> 00:10:43,360 Speaker 2: That's a country which obviously rejected going into Iraq with US, 220 00:10:43,559 --> 00:10:46,040 Speaker 2: but that's a country which is in NATO ostensibly our 221 00:10:46,120 --> 00:10:48,400 Speaker 2: ally right, these are the people who should see things 222 00:10:48,679 --> 00:10:52,000 Speaker 2: somewhat our way. But even our version of events, though 223 00:10:52,280 --> 00:10:54,800 Speaker 2: whenever it comes to the way that we want to 224 00:10:54,800 --> 00:10:58,520 Speaker 2: cast certain events well certainly doesn't go over that way 225 00:10:58,559 --> 00:11:00,120 Speaker 2: with the rest of the world. And that is why 226 00:11:00,120 --> 00:11:04,800 Speaker 2: I increasingly believe that the great divide right now is 227 00:11:04,880 --> 00:11:10,360 Speaker 2: between like Western liberal thinking in terms of NATO, international 228 00:11:10,360 --> 00:11:13,760 Speaker 2: World order and all that stuff, and then every other 229 00:11:13,760 --> 00:11:17,800 Speaker 2: country on Earth, and increasingly the rest of the world 230 00:11:18,040 --> 00:11:24,200 Speaker 2: is trending much more towards realism, towards multipolarity, towards a 231 00:11:24,360 --> 00:11:29,160 Speaker 2: very traditional conduct of relations between states, whereas we're still 232 00:11:29,200 --> 00:11:32,040 Speaker 2: stuck in like nineteen ninety one where we think it's 233 00:11:32,080 --> 00:11:34,720 Speaker 2: the unipolar moment and we have an invaded Iraq and 234 00:11:34,800 --> 00:11:37,640 Speaker 2: had the devastation of Afghanistan. I've been humiliated and yeah, 235 00:11:37,679 --> 00:11:38,440 Speaker 2: you know, and had all. 236 00:11:38,360 --> 00:11:38,800 Speaker 3: This other thing. 237 00:11:39,040 --> 00:11:41,280 Speaker 1: We still have some kind of moral authority. I mean, 238 00:11:41,480 --> 00:11:44,960 Speaker 1: you really squandered that a Raq listen, it's the least 239 00:11:44,960 --> 00:11:48,400 Speaker 1: devastating part of Iraq. But you know, any idea that 240 00:11:48,440 --> 00:11:53,040 Speaker 1: we have moral authority on Russia invading Ukraine was really 241 00:11:53,040 --> 00:11:56,800 Speaker 1: destroyed by that moment. And Bush and Cheney obviously the 242 00:11:56,880 --> 00:12:00,400 Speaker 1: number one culprits and all of their architects and enablers, etc. 243 00:12:00,920 --> 00:12:04,880 Speaker 1: But it was truly a bipartisan effort. I mean, Joe 244 00:12:04,920 --> 00:12:09,280 Speaker 1: Biden was really central. John Carey, he's such a mess. 245 00:12:09,320 --> 00:12:10,000 Speaker 4: I don't even know. 246 00:12:09,960 --> 00:12:12,000 Speaker 1: How he could really say, like, I opposed it, and 247 00:12:12,080 --> 00:12:14,600 Speaker 1: I thought it was wrong at the time, he voted 248 00:12:14,600 --> 00:12:16,960 Speaker 1: for the authorization, and he was still I looked it up, 249 00:12:16,960 --> 00:12:19,080 Speaker 1: he was still defending it even when he was running 250 00:12:19,120 --> 00:12:22,679 Speaker 1: for president, So like, it's such an attempt to rewrite 251 00:12:22,760 --> 00:12:24,840 Speaker 1: history that like, oh, you had it right all the 252 00:12:24,840 --> 00:12:27,680 Speaker 1: way along. And then he also offers, in the same 253 00:12:27,800 --> 00:12:31,520 Speaker 1: breath the cope that you hear from Hillary Clinton and 254 00:12:31,600 --> 00:12:35,640 Speaker 1: Joe Biden and other Democrats in particular, but across the 255 00:12:35,640 --> 00:12:40,440 Speaker 1: board who voted to justify what ended up being totally unjustifiable, 256 00:12:40,840 --> 00:12:42,920 Speaker 1: which is that like, well, we couldn't have known, we 257 00:12:42,920 --> 00:12:44,439 Speaker 1: couldn't have known it was a lie at the time. 258 00:12:44,880 --> 00:12:48,400 Speaker 1: Oh really, because there were people who were out there, 259 00:12:48,559 --> 00:12:51,160 Speaker 1: who were raising a hell of a lot of red flags. 260 00:12:51,200 --> 00:12:55,559 Speaker 1: At the time, there were a few very lonely journalists 261 00:12:55,600 --> 00:12:58,280 Speaker 1: who had the story one hundred percent correct, that this 262 00:12:58,440 --> 00:13:02,440 Speaker 1: was all the weapons, mass destructions and stuff was complete bullshit, 263 00:13:03,000 --> 00:13:06,240 Speaker 1: and if anyone had had any curiosity at the time, 264 00:13:06,520 --> 00:13:08,640 Speaker 1: you know, there were also plenty of young people like 265 00:13:08,679 --> 00:13:12,120 Speaker 1: myself in college who thought this is bullshit and this 266 00:13:12,200 --> 00:13:15,480 Speaker 1: is not a remote justification for you know, this up 267 00:13:15,640 --> 00:13:18,400 Speaker 1: ending of the entire world, in this massive war that 268 00:13:18,440 --> 00:13:20,959 Speaker 1: you were getting us into, which you know, more than 269 00:13:21,000 --> 00:13:25,400 Speaker 1: twenty years later, we're still still dealing with the aftermath 270 00:13:25,520 --> 00:13:28,959 Speaker 1: of So it's kind of astonishing to me, honestly, Sager 271 00:13:29,120 --> 00:13:31,440 Speaker 1: that I mean, number one, just the dishonesty of Kerry. 272 00:13:31,520 --> 00:13:33,960 Speaker 4: But why do you feel the need to defend Bush 273 00:13:33,960 --> 00:13:34,760 Speaker 4: at this point. 274 00:13:34,520 --> 00:13:37,240 Speaker 2: Well, because it's about you know, it's it's not about Bush. 275 00:13:37,360 --> 00:13:40,600 Speaker 2: It reflects on him, about him. Yeah, that's what dude. Yeah, 276 00:13:40,600 --> 00:13:42,559 Speaker 2: I mean I think that that's the ultimate problem. I mean, 277 00:13:42,559 --> 00:13:44,640 Speaker 2: like you referent, like I was eleven years old whenever 278 00:13:44,679 --> 00:13:47,760 Speaker 2: the US invaded Iraq, and even I remember the day. 279 00:13:47,880 --> 00:13:50,120 Speaker 3: I remember exactly where I was sitting. I remember the newspaper. 280 00:13:50,160 --> 00:13:53,440 Speaker 2: I remember the teacher social studies teacher, and I was, 281 00:13:53,480 --> 00:13:55,760 Speaker 2: you know, shitster even at that time. And I said, 282 00:13:56,080 --> 00:13:58,280 Speaker 2: wasn't this about bin Laden And she was like, well, 283 00:13:58,320 --> 00:14:01,600 Speaker 2: you know, according to the president, so doam was supporting 284 00:14:01,640 --> 00:14:03,480 Speaker 2: bin Lott. And I was like, well, what about weapons 285 00:14:03,520 --> 00:14:04,839 Speaker 2: of mass destruction? I was like, what does that have 286 00:14:04,920 --> 00:14:06,360 Speaker 2: to do with anything? And everybody's just giving me a 287 00:14:06,480 --> 00:14:09,960 Speaker 2: very nasty look. I'm from a hometown where if George H. W. 288 00:14:10,040 --> 00:14:12,000 Speaker 2: Bush has his library, so the Bush family they are 289 00:14:12,040 --> 00:14:15,160 Speaker 2: like gods, or they were at that time where I was. 290 00:14:15,400 --> 00:14:17,920 Speaker 3: And yeah, it didn't take a genius to figure it out. 291 00:14:18,000 --> 00:14:19,080 Speaker 6: Yeah, you know it was. 292 00:14:19,240 --> 00:14:20,320 Speaker 3: You don't have to be as smart. 293 00:14:20,680 --> 00:14:22,600 Speaker 2: You don't have to be smart to think, oh, this 294 00:14:22,640 --> 00:14:25,960 Speaker 2: whole smoking gun is mushroom cloud based on yellow cake 295 00:14:26,040 --> 00:14:29,200 Speaker 2: and fake intel around al Qaeda, like this, this doesn't 296 00:14:29,200 --> 00:14:29,560 Speaker 2: add up. 297 00:14:29,640 --> 00:14:30,480 Speaker 3: It seems fishy. 298 00:14:30,800 --> 00:14:33,040 Speaker 2: And you know, a lot of people had questions secretly 299 00:14:33,120 --> 00:14:34,760 Speaker 2: at the time, they just didn't voice them. 300 00:14:34,800 --> 00:14:36,320 Speaker 4: Well, also a lot of people have said, you know what, 301 00:14:36,400 --> 00:14:36,960 Speaker 4: even if. 302 00:14:36,880 --> 00:14:39,160 Speaker 3: It's even if it's true, not worth not worth it. 303 00:14:40,400 --> 00:14:42,880 Speaker 1: You know, I also think it's worth reflecting this for 304 00:14:42,920 --> 00:14:46,240 Speaker 1: a minute on the decision was made after Bush is 305 00:14:46,320 --> 00:14:49,080 Speaker 1: you know, out of office and Democrats are in charge, 306 00:14:49,120 --> 00:14:51,400 Speaker 1: and there was an opportunity of like, maybe we should 307 00:14:51,440 --> 00:14:54,680 Speaker 1: investigate what happened here, maybe there should be charges against 308 00:14:54,680 --> 00:14:57,760 Speaker 1: the you know, most pre eminent work criminals who brought 309 00:14:57,840 --> 00:15:01,280 Speaker 1: us to this catastrophe, and Bush in particular, And the 310 00:15:01,520 --> 00:15:04,160 Speaker 1: decision was made that for the good of the country 311 00:15:04,200 --> 00:15:06,680 Speaker 1: and the healing and bringing together of the country, that 312 00:15:06,720 --> 00:15:09,720 Speaker 1: there should be no elite accountability for those things. And 313 00:15:10,120 --> 00:15:12,880 Speaker 1: it was the easier path at the time. It definitely 314 00:15:13,040 --> 00:15:17,120 Speaker 1: you know, probably smoothed the transition into democratic power, etc. 315 00:15:17,880 --> 00:15:22,320 Speaker 1: But I think it left a real lasting damage on 316 00:15:22,520 --> 00:15:26,120 Speaker 1: the body politic because it just showed that even the 317 00:15:26,160 --> 00:15:30,160 Speaker 1: most brazen of lies and criminality, if you had the 318 00:15:30,240 --> 00:15:32,080 Speaker 1: right amount of power and you had the right friends 319 00:15:32,280 --> 00:15:35,000 Speaker 1: or enough powerful people were sort of complicit with you, 320 00:15:35,040 --> 00:15:37,080 Speaker 1: which was the real problem for them, You're going to 321 00:15:37,120 --> 00:15:40,240 Speaker 1: get away with it. And so even as we you know, 322 00:15:40,240 --> 00:15:42,360 Speaker 1: look at like the Trump indictments now and the charges 323 00:15:42,360 --> 00:15:45,840 Speaker 1: that he's facing for actual real criminality that I think 324 00:15:45,880 --> 00:15:49,640 Speaker 1: he more than deserves, we may have been in a 325 00:15:49,800 --> 00:15:53,560 Speaker 1: better position to convince more than half the country that 326 00:15:54,160 --> 00:15:56,880 Speaker 1: holding elites accountable for their crimes. Is the thing to 327 00:15:56,960 --> 00:16:00,240 Speaker 1: do if we had you gone after the Bush Erab people, 328 00:16:00,320 --> 00:16:05,080 Speaker 1: gone after other American presidents who arguably created committed worse crime, 329 00:16:05,200 --> 00:16:07,880 Speaker 1: certainly than you know, holding onto classified documentary. 330 00:16:08,120 --> 00:16:13,720 Speaker 7: I that's very well sided, Crystal, Fox and Friends is 331 00:16:13,800 --> 00:16:17,160 Speaker 7: reacting to some of what continues to come out, including 332 00:16:17,200 --> 00:16:20,600 Speaker 7: that tape CNN got of Donald Trump and the classified 333 00:16:20,600 --> 00:16:24,640 Speaker 7: documents who was allegedly waiving around that factors into some 334 00:16:24,760 --> 00:16:27,840 Speaker 7: of the prosecution on those charges of Special Council prosecution 335 00:16:27,960 --> 00:16:31,080 Speaker 7: on those charges. Let's actually, Crystal, I can't even describe it. 336 00:16:31,520 --> 00:16:33,160 Speaker 7: You can never capture these things with words. 337 00:16:33,200 --> 00:16:34,400 Speaker 6: Let's just play the clip. 338 00:16:34,320 --> 00:16:38,960 Speaker 8: You know, regarding the leaking of this particular tape, when 339 00:16:39,000 --> 00:16:41,680 Speaker 8: you look at what Gillian just said where she said 340 00:16:43,280 --> 00:16:47,680 Speaker 8: Trump posted on true Social the deranged Special prosecutor Jack Smith, 341 00:16:47,720 --> 00:16:52,320 Speaker 8: working in conjunction with the DOJ and FBI, illegally leaked 342 00:16:52,680 --> 00:16:55,160 Speaker 8: and spun a tape and transcript of me, which is 343 00:16:55,240 --> 00:16:59,360 Speaker 8: actually an exoneration. So you know what, if Trump thinks 344 00:16:59,400 --> 00:17:03,760 Speaker 8: it's an exoneration of him, perhaps somebody on his side 345 00:17:03,880 --> 00:17:06,879 Speaker 8: actually did the leaking. To CNN and Maggie. 346 00:17:06,640 --> 00:17:10,960 Speaker 4: Haberman that's amazing, Cokee. 347 00:17:11,080 --> 00:17:13,359 Speaker 1: This is actually it's an exoneration, so actually it was 348 00:17:13,359 --> 00:17:15,240 Speaker 1: probably good for Trump there Pal linked it. 349 00:17:15,680 --> 00:17:17,920 Speaker 7: The metals part of that is actually quite interesting though, 350 00:17:17,960 --> 00:17:21,840 Speaker 7: where he's saying this is Steve Doocey is saying, he's 351 00:17:21,880 --> 00:17:25,480 Speaker 7: admitting he's got classified documents and quote, clearly Mark Meadows 352 00:17:25,520 --> 00:17:27,320 Speaker 7: has oh this is from Brian kill Meat. He says, 353 00:17:27,320 --> 00:17:29,720 Speaker 7: clearly Mark Medos has flipped, he has disappeared as chief 354 00:17:29,720 --> 00:17:31,720 Speaker 7: of staff. He knows everything, and he seems to be 355 00:17:31,800 --> 00:17:33,240 Speaker 7: in control of these tapes. He would think, or his 356 00:17:33,280 --> 00:17:36,440 Speaker 7: biographer does in a book that nobody read, Kill Me 357 00:17:36,480 --> 00:17:36,919 Speaker 7: to Ads. 358 00:17:37,320 --> 00:17:39,080 Speaker 6: And that's what's interesting. 359 00:17:38,720 --> 00:17:43,200 Speaker 7: To me from their theory is that Mark Meadow's biographer 360 00:17:43,600 --> 00:17:46,320 Speaker 7: is allegedly the person who is you know, we've heard 361 00:17:46,320 --> 00:17:48,480 Speaker 7: from the indictment that the other person on the tape 362 00:17:48,960 --> 00:17:51,600 Speaker 7: is a writer, and nobody's really been able to figure 363 00:17:51,600 --> 00:17:54,600 Speaker 7: out who that writer is. You know, he's a journalist. 364 00:17:54,680 --> 00:17:57,800 Speaker 7: I heard someone throwing around like different names. I won't 365 00:17:57,840 --> 00:18:01,240 Speaker 7: even name them because it's not substantiated, but journalists. And 366 00:18:01,240 --> 00:18:03,119 Speaker 7: in fact, it actually could just be that this was 367 00:18:03,119 --> 00:18:07,080 Speaker 7: a Meadows ghostwriter, and that's actually been reported out that 368 00:18:07,119 --> 00:18:10,240 Speaker 7: this was apparently somebody who was helping a Mark Meadows memoir. 369 00:18:10,560 --> 00:18:15,000 Speaker 7: So then it raises this question of has Mark Meadows 370 00:18:15,040 --> 00:18:18,080 Speaker 7: flipped in all of these because apparently Trump is also 371 00:18:18,160 --> 00:18:20,960 Speaker 7: being investigated for well we know that he is for 372 00:18:21,040 --> 00:18:24,200 Speaker 7: January sixth stuff, but the Special Council is apparently looking 373 00:18:24,240 --> 00:18:26,879 Speaker 7: into January sixth stuff too. Mark Meadows is obviously a 374 00:18:26,960 --> 00:18:28,440 Speaker 7: huge part of all of that, is chief of staff 375 00:18:28,440 --> 00:18:30,280 Speaker 7: at the time. We've seen some of the text messages, 376 00:18:30,680 --> 00:18:33,720 Speaker 7: and so for this to then make it not just 377 00:18:33,760 --> 00:18:37,359 Speaker 7: to see an end but into the Special Council, into 378 00:18:37,480 --> 00:18:39,639 Speaker 7: their indictment. 379 00:18:39,680 --> 00:18:40,560 Speaker 6: That's kind of interesting. 380 00:18:40,760 --> 00:18:43,080 Speaker 1: Yeah, I mean, if I was a medowside flip, right, 381 00:18:43,119 --> 00:18:46,120 Speaker 1: I mean, for real, he's I'm sure in legal jeopardy, 382 00:18:46,359 --> 00:18:49,880 Speaker 1: you know, and no guarantees that Trump would win and 383 00:18:50,000 --> 00:18:52,639 Speaker 1: be in a position to pardon him, no guarantees that 384 00:18:52,680 --> 00:18:54,879 Speaker 1: he would pardon him if he did get, you know, 385 00:18:55,000 --> 00:18:57,879 Speaker 1: back into the White House, so you know, if he 386 00:18:58,000 --> 00:19:00,360 Speaker 1: was offered a deal to cooberate. First of all, I mean, 387 00:19:00,480 --> 00:19:03,040 Speaker 1: it is a big problem for Trump because we've been 388 00:19:03,600 --> 00:19:06,760 Speaker 1: right understandably talking about the classified document stuff recently because 389 00:19:06,760 --> 00:19:08,720 Speaker 1: that's what the latest charges came down. But they're moving 390 00:19:08,720 --> 00:19:11,600 Speaker 1: forward with you know, investigations into January sixth and fake 391 00:19:11,600 --> 00:19:14,600 Speaker 1: electors and whatever. Mark Badows was there for all of 392 00:19:14,720 --> 00:19:18,119 Speaker 1: this stuff, so he no doubt knows the you know, 393 00:19:18,240 --> 00:19:22,120 Speaker 1: inner mindset and potentially has some you know, other information 394 00:19:22,160 --> 00:19:24,840 Speaker 1: that he could provide her other recordings or whatever. So 395 00:19:24,880 --> 00:19:27,600 Speaker 1: the theory is basically that it was Mark Badow's ghostwriter 396 00:19:27,880 --> 00:19:29,800 Speaker 1: that was the one and the other person in the room. 397 00:19:30,160 --> 00:19:31,560 Speaker 6: That's the writer that's in the room. 398 00:19:31,600 --> 00:19:33,520 Speaker 4: Because you hear a Trump. 399 00:19:33,240 --> 00:19:37,280 Speaker 1: Aid who is embarrassingly sickophantic. You hear Trump being classic 400 00:19:37,359 --> 00:19:40,600 Speaker 1: quintessential Trump doctor amount Anthony Wiener and like asking for 401 00:19:40,640 --> 00:19:41,240 Speaker 1: the diet coke? 402 00:19:42,520 --> 00:19:45,720 Speaker 7: Can we get some cokes in here? I mean it 403 00:19:46,200 --> 00:19:48,640 Speaker 7: said before. I've heard it too. Crystal will sometimes just. 404 00:19:48,520 --> 00:19:49,679 Speaker 4: Be like just demand it on. 405 00:19:50,000 --> 00:19:51,840 Speaker 6: Yeah, like we need some cokes in here. 406 00:19:51,880 --> 00:19:53,400 Speaker 4: When you need a diet coke, you need a die 407 00:19:53,400 --> 00:19:53,640 Speaker 4: of coke. 408 00:19:53,680 --> 00:19:57,800 Speaker 7: There's there's a button under the. 409 00:19:57,880 --> 00:20:00,920 Speaker 1: But yeah, that would be if I know truly did 410 00:20:01,240 --> 00:20:04,760 Speaker 1: flip that. I have to think is an issue for Trump, 411 00:20:04,800 --> 00:20:07,399 Speaker 1: but he has struggled to explain away this tape. 412 00:20:07,440 --> 00:20:07,960 Speaker 4: He's claiming. 413 00:20:08,040 --> 00:20:11,040 Speaker 1: Trump is claiming that the papers you hear. 414 00:20:10,960 --> 00:20:13,400 Speaker 4: Rustling like it was just bravado. He didn't really have 415 00:20:13,480 --> 00:20:15,760 Speaker 4: these classified documents. Didn't he say they were like building 416 00:20:15,840 --> 00:20:17,159 Speaker 4: plans or something like that. 417 00:20:17,160 --> 00:20:18,800 Speaker 6: That's what I was just going to pivot to. 418 00:20:18,920 --> 00:20:22,439 Speaker 7: Here is Donald Trump himself, speaking of copes, gives an 419 00:20:22,440 --> 00:20:25,919 Speaker 7: interview on his plane to Semaphore and ABC News I 420 00:20:25,960 --> 00:20:30,040 Speaker 7: believe on I believe this was on Tuesday night. He says, quote, 421 00:20:30,280 --> 00:20:31,960 Speaker 7: I would say it was bravado, if you want to 422 00:20:32,000 --> 00:20:35,200 Speaker 7: know the truth, it was bravado. I was just talking 423 00:20:35,240 --> 00:20:37,040 Speaker 7: and just holding up papers and talking about them. But 424 00:20:37,040 --> 00:20:39,960 Speaker 7: I had no documents. I didn't have any documents, he said. 425 00:20:40,000 --> 00:20:41,800 Speaker 7: I just held up a whole pile of my desk 426 00:20:41,840 --> 00:20:43,600 Speaker 7: is loaded up with papers. I have papers from twenty 427 00:20:43,600 --> 00:20:48,480 Speaker 7: five different things. And yeah, this is yeah, he's selling. 428 00:20:48,200 --> 00:20:52,920 Speaker 1: A locker room talk defense, right, isn't it sophisticated locker room. 429 00:20:53,080 --> 00:20:54,920 Speaker 4: It's the same though. It's like, yeah, it was just 430 00:20:55,080 --> 00:20:56,040 Speaker 4: you know, it's just bullshit. 431 00:20:56,560 --> 00:21:00,000 Speaker 7: Well, so he had told Fox On this was all 432 00:21:00,080 --> 00:21:04,560 Speaker 7: so Tuesday quote that he had plans building plans, did 433 00:21:04,560 --> 00:21:06,280 Speaker 7: I And then he goes to seem Before and ABC 434 00:21:06,400 --> 00:21:08,000 Speaker 7: News and says, did I use the word plans? What 435 00:21:08,080 --> 00:21:11,240 Speaker 7: I'm referring to his magazines, newspapers, plans of buildings, plans 436 00:21:11,280 --> 00:21:12,719 Speaker 7: of buildings, you know, building plans. 437 00:21:12,920 --> 00:21:16,760 Speaker 6: I had plans of a golf course. So it's just 438 00:21:16,920 --> 00:21:20,640 Speaker 6: a what to make of it? Who knows? 439 00:21:20,640 --> 00:21:23,520 Speaker 1: At this point, Yeah, right, it's I mean, if this 440 00:21:23,680 --> 00:21:25,960 Speaker 1: was the only piece of evidence that they had against 441 00:21:25,960 --> 00:21:27,840 Speaker 1: some of the classified documents, then you might be like, 442 00:21:28,440 --> 00:21:31,040 Speaker 1: maybe you can try to create some reasonable doubt and 443 00:21:31,160 --> 00:21:33,600 Speaker 1: maybe he's got a shot at But given that they 444 00:21:33,760 --> 00:21:36,359 Speaker 1: appear to have a lot more than that, including you know, 445 00:21:36,480 --> 00:21:39,960 Speaker 1: surveillance tapes of movement boxes around and getting his lawyers 446 00:21:40,000 --> 00:21:42,760 Speaker 1: to lie and all this sort of stuff, or at 447 00:21:42,840 --> 00:21:44,919 Speaker 1: least lying to his lawyers and then getting them to 448 00:21:45,160 --> 00:21:48,359 Speaker 1: repeat the lie, you know, just wiggling out of this 449 00:21:48,400 --> 00:21:50,280 Speaker 1: one potentially, I think it's not going to be enough. 450 00:21:50,320 --> 00:21:52,439 Speaker 1: But this one is also pretty damning. I mean, you 451 00:21:52,520 --> 00:21:55,040 Speaker 1: got the papers rustling in the background. You have him 452 00:21:55,080 --> 00:22:00,000 Speaker 1: actually saying, yeah, these I could have declassified these documents 453 00:22:00,040 --> 00:22:02,439 Speaker 1: when I was president, but I didn't, and they are 454 00:22:02,480 --> 00:22:05,680 Speaker 1: still secret and confidential because I did not declassify them. 455 00:22:05,760 --> 00:22:09,040 Speaker 1: Like right, that's devastating for the defense they were planning 456 00:22:09,080 --> 00:22:09,440 Speaker 1: to mout. 457 00:22:09,480 --> 00:22:11,200 Speaker 4: But at this point I mean. 458 00:22:11,040 --> 00:22:12,919 Speaker 1: I think all he really cares about is like the 459 00:22:12,920 --> 00:22:16,320 Speaker 1: political defense because in terms of a case, you never know, 460 00:22:16,359 --> 00:22:18,080 Speaker 1: maybe you get a juror who's just like super pro 461 00:22:18,119 --> 00:22:19,919 Speaker 1: Trump and they're not going to convict him no matter what. 462 00:22:20,160 --> 00:22:22,320 Speaker 1: But if you take him out of it, the details 463 00:22:22,359 --> 00:22:23,280 Speaker 1: of the case a pretty. 464 00:22:23,000 --> 00:22:24,200 Speaker 4: Open and shit, right. 465 00:22:24,240 --> 00:22:25,639 Speaker 7: And I think that's why there's so much focus on 466 00:22:25,640 --> 00:22:27,159 Speaker 7: this audio. Like, first of all, media is always going 467 00:22:27,200 --> 00:22:30,000 Speaker 7: to gravitate towards something when there's audio of it actually happening, 468 00:22:30,080 --> 00:22:30,720 Speaker 7: like that's fun. 469 00:22:30,840 --> 00:22:31,080 Speaker 6: Yeah. 470 00:22:31,400 --> 00:22:34,880 Speaker 7: But secondly it's because he says the thing about these 471 00:22:34,920 --> 00:22:38,960 Speaker 7: documents not being declassified, right, I could have declassified them. 472 00:22:39,000 --> 00:22:42,199 Speaker 7: And what people are trying to ascertain now is the severity, like, 473 00:22:42,200 --> 00:22:45,320 Speaker 7: because there's such an overclassification problem, is what he's waving 474 00:22:45,320 --> 00:22:48,720 Speaker 7: around with this writer about I mean about. 475 00:22:48,480 --> 00:22:50,600 Speaker 6: Iran and what he's talking about with Mark Millie. 476 00:22:50,880 --> 00:22:53,680 Speaker 7: Is it about golf courses or is it what we've 477 00:22:53,760 --> 00:22:56,240 Speaker 7: heard from the Special Council was in those stacks of 478 00:22:56,280 --> 00:22:58,399 Speaker 7: papers that were being shuffled around mar al Lago and 479 00:22:58,520 --> 00:22:59,560 Speaker 7: actually pertaining to. 480 00:22:59,840 --> 00:23:02,000 Speaker 6: A nuclear secrets. 481 00:23:03,000 --> 00:23:05,920 Speaker 7: That's a pretty legitimate question because it gets to how 482 00:23:05,920 --> 00:23:09,639 Speaker 7: Donald Trump was actually using the classified information he had 483 00:23:09,680 --> 00:23:13,919 Speaker 7: at mar A Lago, a den of spies, an obvious 484 00:23:13,960 --> 00:23:18,400 Speaker 7: den of spy activity. Yes, so there's a pretty legitimate question. 485 00:23:18,400 --> 00:23:20,760 Speaker 7: And people have floated these theories that he was using 486 00:23:20,840 --> 00:23:23,040 Speaker 7: it to give to foreign leaders and he was selling 487 00:23:23,040 --> 00:23:26,920 Speaker 7: it for Trump organization business ideas, or is he just 488 00:23:27,040 --> 00:23:29,080 Speaker 7: keeping it as trophies or is it a little bit 489 00:23:29,119 --> 00:23:31,639 Speaker 7: of both I don't know, or is he keeping it 490 00:23:31,680 --> 00:23:33,720 Speaker 7: Like the most legitimate defense he has is that he's 491 00:23:33,800 --> 00:23:37,200 Speaker 7: keeping it for his own records, because the intelligence community 492 00:23:37,200 --> 00:23:39,040 Speaker 7: has tried to screw him over so many times. He 493 00:23:39,119 --> 00:23:41,639 Speaker 7: wants to know what everything said, what was said, and 494 00:23:41,680 --> 00:23:43,160 Speaker 7: what they may be using against him. 495 00:23:43,320 --> 00:23:45,560 Speaker 6: Now, see, if I were Donald Trump. 496 00:23:45,320 --> 00:23:47,200 Speaker 7: That is the most legitimate argument that I would have, 497 00:23:47,240 --> 00:23:48,239 Speaker 7: and I would focus on it. 498 00:23:48,359 --> 00:23:49,560 Speaker 6: I don't think that's the case. 499 00:23:49,800 --> 00:23:50,520 Speaker 4: Well, here's the thing. 500 00:23:50,800 --> 00:23:52,920 Speaker 1: The remember, early on when there was a discussion about 501 00:23:52,920 --> 00:23:55,040 Speaker 1: these classified documents, there was a theory that all the 502 00:23:55,080 --> 00:23:57,760 Speaker 1: classified documents had to do with Russia Gate, and so 503 00:23:57,840 --> 00:24:00,880 Speaker 1: he was keeping them because a proof of whatever deep 504 00:24:00,880 --> 00:24:04,119 Speaker 1: state plot, et cetera, et cetera. But now that we 505 00:24:04,240 --> 00:24:07,400 Speaker 1: know what was in the documents, I mean that the documents, 506 00:24:07,440 --> 00:24:09,320 Speaker 1: some of them may have had to do with Russia, Gabe, 507 00:24:09,320 --> 00:24:11,720 Speaker 1: but there was a lot else that was in there, 508 00:24:11,760 --> 00:24:16,560 Speaker 1: including you know, very highly sensitive information that isn't the 509 00:24:16,600 --> 00:24:19,480 Speaker 1: type of stuff that's just like, oh it's overclassified that 510 00:24:19,520 --> 00:24:22,760 Speaker 1: if anything should be a government secret, the stuff about 511 00:24:22,760 --> 00:24:26,159 Speaker 1: our nuclear weapons program should probably be a government secret. 512 00:24:26,200 --> 00:24:27,840 Speaker 1: Like that's a pretty legit one that I think everyone 513 00:24:27,880 --> 00:24:28,600 Speaker 1: would pretty. 514 00:24:28,400 --> 00:24:29,000 Speaker 4: Much agree on. 515 00:24:29,640 --> 00:24:34,200 Speaker 1: So I give less credence to that argument about Trump's mentality. 516 00:24:34,320 --> 00:24:38,440 Speaker 1: There's no evidence that he was actively like selling this information. 517 00:24:40,119 --> 00:24:41,879 Speaker 1: Not that I put it past him, but just you know, 518 00:24:41,960 --> 00:24:44,199 Speaker 1: you gotta like get there was nothing offered in this 519 00:24:44,280 --> 00:24:48,080 Speaker 1: indictment that would lend credence to that view. But in 520 00:24:48,119 --> 00:24:51,280 Speaker 1: some cases, the risk that you have all this so 521 00:24:51,440 --> 00:24:55,199 Speaker 1: easily accessible in a wildly insecure place where you have 522 00:24:55,240 --> 00:24:58,040 Speaker 1: all these people, some of them already documented as being 523 00:24:58,119 --> 00:25:00,000 Speaker 1: FOREGN spies coming and going, I mean, it could be 524 00:25:00,240 --> 00:25:04,960 Speaker 1: just as damaging and ultimately to national security. 525 00:25:05,040 --> 00:25:07,800 Speaker 4: So uh yeah, not a good, not a good set of effact. 526 00:25:07,840 --> 00:25:09,520 Speaker 7: I was gonna say, Yeah, it's not good either way. 527 00:25:09,600 --> 00:25:14,320 Speaker 7: There's there's no uh, there's no real cope here that's good. 528 00:25:14,680 --> 00:25:16,440 Speaker 4: It's not going to work out for it just. 529 00:25:16,440 --> 00:25:18,960 Speaker 7: Yeah, this particular case, it's just it's too hard for 530 00:25:19,440 --> 00:25:22,000 Speaker 7: him to wriggle out of Yeah on that point. Wow, 531 00:25:22,080 --> 00:25:24,200 Speaker 7: the question of whether metals flipped is interesting, but we'll 532 00:25:24,280 --> 00:25:25,359 Speaker 7: keep an eye on that for sure. 533 00:25:28,040 --> 00:25:31,680 Speaker 9: Imagine a future where every transaction you make, every set 534 00:25:31,760 --> 00:25:36,119 Speaker 9: you spend, is monitored, trapped, and controlled by a single entity. 535 00:25:36,720 --> 00:25:38,960 Speaker 9: There will be no fear mongering in this segment. But 536 00:25:39,160 --> 00:25:42,600 Speaker 9: this dystopian reality could be a lot closer than you 537 00:25:42,680 --> 00:25:46,199 Speaker 9: think with the introduction of bed now, a new digital 538 00:25:46,240 --> 00:25:49,119 Speaker 9: payment system that could give the federal government a direct 539 00:25:49,200 --> 00:25:53,960 Speaker 9: line into your financial transactions, which could fundamentally impact all 540 00:25:54,119 --> 00:26:03,320 Speaker 9: of our privacy and freedom. So what exactly is fed 541 00:26:03,359 --> 00:26:07,200 Speaker 9: now while launching July first, twenty twenty three, pretty much 542 00:26:07,240 --> 00:26:10,399 Speaker 9: as we speak. Fed Now is a new instant payment 543 00:26:10,440 --> 00:26:14,800 Speaker 9: system run by the Federal Reserve. It's designed to enable banks, 544 00:26:14,920 --> 00:26:18,199 Speaker 9: credit unions, and other financial institutions to deliver end to 545 00:26:18,280 --> 00:26:21,000 Speaker 9: end payment services to their customers twenty four to seven, 546 00:26:21,240 --> 00:26:23,880 Speaker 9: three hundred and sixty five days a year. They say 547 00:26:23,880 --> 00:26:26,720 Speaker 9: the service will roll out in stages. The initial launch 548 00:26:26,760 --> 00:26:31,720 Speaker 9: will include core clearing and settlement functionality, requests for payment capability, 549 00:26:31,920 --> 00:26:35,760 Speaker 9: and tools to support reconciliation, basically the processes that take 550 00:26:35,760 --> 00:26:38,000 Speaker 9: place behind the scenes that you probably don't even think 551 00:26:38,000 --> 00:26:40,959 Speaker 9: about at all, with making sure that the money that 552 00:26:41,040 --> 00:26:43,800 Speaker 9: is zipping around the country is being accounted for properly 553 00:26:43,960 --> 00:26:47,440 Speaker 9: and no fraud is happening. Future phases will introduce additional 554 00:26:47,480 --> 00:26:51,040 Speaker 9: capabilities that are more consumer facing, such as instantaneous peer 555 00:26:51,080 --> 00:26:55,199 Speaker 9: to peer account transfers and online bill pay. All good stuff, right, 556 00:26:55,240 --> 00:26:58,080 Speaker 9: a much needed advancement in technology. Some are saying. 557 00:26:58,160 --> 00:27:02,480 Speaker 5: Today, when you, for instance, to posit a check, it 558 00:27:02,520 --> 00:27:05,560 Speaker 5: takes three to ten days for the check to clear 559 00:27:06,000 --> 00:27:09,440 Speaker 5: the other bank, and that system is operating like the 560 00:27:09,520 --> 00:27:12,399 Speaker 5: nineteen thirties right now, and they're trying to move it 561 00:27:12,440 --> 00:27:15,200 Speaker 5: into the digital world. In a digital world that should 562 00:27:15,240 --> 00:27:19,360 Speaker 5: take three to ten seconds. Overall, this is good. Overall, 563 00:27:19,359 --> 00:27:19,840 Speaker 5: this is good. 564 00:27:19,960 --> 00:27:23,480 Speaker 9: So you might be thinking, instant payments, don't we already 565 00:27:23,520 --> 00:27:26,280 Speaker 9: have something like that? The answer is yes, we do. 566 00:27:26,680 --> 00:27:29,639 Speaker 9: Back in November of twenty seventeen, the Clearinghouse introduced the 567 00:27:29,720 --> 00:27:32,760 Speaker 9: first real time payment service in the United States, called 568 00:27:32,800 --> 00:27:36,280 Speaker 9: the RTP network, and since it's launched, the network has 569 00:27:36,320 --> 00:27:39,359 Speaker 9: steadily grown. In Q three of twenty twenty two, forty 570 00:27:39,440 --> 00:27:42,600 Speaker 9: five million transactions for a total of close to twenty 571 00:27:42,680 --> 00:27:45,960 Speaker 9: billion dollars were processed through the RTP network. If you 572 00:27:46,000 --> 00:27:48,640 Speaker 9: are a free market proponent, the introduction of FED noow 573 00:27:48,720 --> 00:27:51,560 Speaker 9: to compete with RTP could be seen as a good thing, 574 00:27:51,680 --> 00:27:55,240 Speaker 9: spurring innovation and price competition. That being said, while the 575 00:27:55,240 --> 00:27:58,080 Speaker 9: clearinghouse is RTP and FED now are very similar in 576 00:27:58,119 --> 00:28:02,000 Speaker 9: its capabilities and fee structure, there is one major difference 577 00:28:02,440 --> 00:28:07,199 Speaker 9: governance clearing houses. RTP is operated by a consortium of 578 00:28:07,240 --> 00:28:11,040 Speaker 9: banks and fednow is essentially controlled by one bank, the 579 00:28:11,119 --> 00:28:14,760 Speaker 9: Federal Reserve Bank. This has raised some eyebrows among folks 580 00:28:14,800 --> 00:28:18,720 Speaker 9: who are distrustful of centralized financial planning, one of them 581 00:28:18,760 --> 00:28:22,159 Speaker 9: being Professor Richard Werner and economists well known for his 582 00:28:22,200 --> 00:28:26,000 Speaker 9: research on monetary policy, banking systems, and economic development. 583 00:28:26,520 --> 00:28:29,800 Speaker 10: You know, the central bankers want to compete against banks, 584 00:28:30,160 --> 00:28:33,720 Speaker 10: so we can't really trust them anymore to really take 585 00:28:33,800 --> 00:28:37,600 Speaker 10: the benevolent you know, policies that are good for society 586 00:28:37,640 --> 00:28:41,920 Speaker 10: and create stability. And maybe there's a different agenda. 587 00:28:42,400 --> 00:28:46,240 Speaker 9: Interesting what agenda might that be? Because on one hand, real 588 00:28:46,280 --> 00:28:49,360 Speaker 9: time transactions can be a boon for fraud prevention. Like 589 00:28:49,400 --> 00:28:52,840 Speaker 9: I previously mentioned, if something suspicious does occur, it can 590 00:28:52,880 --> 00:28:56,400 Speaker 9: be identified and dealt with immediately. But on the flip side, 591 00:28:56,600 --> 00:28:59,800 Speaker 9: this real time logging of transactions means that a detailed 592 00:28:59,800 --> 00:29:03,200 Speaker 9: record of your financial activity is being created and stored. 593 00:29:03,600 --> 00:29:06,880 Speaker 9: Every purchase, every bill paid, every penny sent to a 594 00:29:06,920 --> 00:29:09,600 Speaker 9: friend for that pizza last night. It's all logged in 595 00:29:09,640 --> 00:29:13,560 Speaker 9: real time by a government backed entity. To reiterate, fed 596 00:29:13,640 --> 00:29:16,600 Speaker 9: now is run by the Federal Reserve Bank, which in 597 00:29:16,720 --> 00:29:20,800 Speaker 9: theory operates independently from the federal government, but it does 598 00:29:20,960 --> 00:29:25,040 Speaker 9: maintain a close relationship with them, so it's not inconceivable 599 00:29:25,120 --> 00:29:29,160 Speaker 9: that transaction data could be shared under certain circumstances. The 600 00:29:29,240 --> 00:29:33,600 Speaker 9: question then becomes under which circumstances might this data be shared? 601 00:29:34,000 --> 00:29:38,400 Speaker 9: For criminal investigations, for tax purposes, economic analysis. These are 602 00:29:38,400 --> 00:29:41,000 Speaker 9: all questions that we don't yet have answers to the 603 00:29:41,080 --> 00:29:44,840 Speaker 9: past few years, the Chinese government has trialed similar technologies 604 00:29:44,880 --> 00:29:47,640 Speaker 9: in an attempt to expand its surveillance. 605 00:29:47,120 --> 00:29:53,240 Speaker 11: State cosmetics, groceries, a new phone, a year's worth of 606 00:29:53,280 --> 00:29:57,560 Speaker 11: launching deterchents. Citizens of the Chinese city of Sucho entered 607 00:29:57,600 --> 00:30:00,360 Speaker 11: an official lottery to win up to two one hundred 608 00:30:00,440 --> 00:30:03,440 Speaker 11: yen or roughly thirty dollars from the government in order 609 00:30:03,520 --> 00:30:06,000 Speaker 11: to spend it in any way they like. But the 610 00:30:06,040 --> 00:30:09,760 Speaker 11: money that the people won was not physical cash, it 611 00:30:09,840 --> 00:30:13,840 Speaker 11: was digital un China's actually already pretty advanced in this regard, 612 00:30:13,880 --> 00:30:16,680 Speaker 11: and that many people hardly use cash at all in 613 00:30:16,680 --> 00:30:20,040 Speaker 11: their daily lives. They mostly pay for things through alley Pay, 614 00:30:20,080 --> 00:30:23,640 Speaker 11: which is owned by ant Group, or under beechat Pay, 615 00:30:23,680 --> 00:30:26,120 Speaker 11: which is owned by ten Cent. Our understanding is that 616 00:30:26,160 --> 00:30:27,680 Speaker 11: what the People's Bank of China wants to do is 617 00:30:27,760 --> 00:30:31,000 Speaker 11: quite similar, except that it wouldn't happen necessarily through alley 618 00:30:31,040 --> 00:30:33,920 Speaker 11: Pay or through WeChat Pay. It would happen through a 619 00:30:33,960 --> 00:30:36,920 Speaker 11: separate app that the PBOC has created that would allow 620 00:30:36,960 --> 00:30:39,360 Speaker 11: people to pay that way on a micro scale. And 621 00:30:39,400 --> 00:30:41,720 Speaker 11: this is something that many in the West would probably 622 00:30:41,760 --> 00:30:43,840 Speaker 11: not be comfortable with and many in China frankly would 623 00:30:43,840 --> 00:30:44,520 Speaker 11: not be comfortable with. 624 00:30:44,680 --> 00:30:45,880 Speaker 9: Is that it would allow. 625 00:30:45,680 --> 00:30:48,680 Speaker 11: Authorities to be able to track precisely how you or 626 00:30:49,240 --> 00:30:51,920 Speaker 11: my neighbor, or the personnel the street they're spending the money, 627 00:30:52,000 --> 00:30:54,120 Speaker 11: or they're spending their money on buying things they shouldn't 628 00:30:54,160 --> 00:30:56,400 Speaker 11: be buying, whatever however you define that are they are 629 00:30:56,400 --> 00:30:58,200 Speaker 11: they gambling with their money? Are they doing this or 630 00:30:58,200 --> 00:30:58,880 Speaker 11: that with their money? 631 00:30:59,000 --> 00:31:01,200 Speaker 9: Sound is still be in well, well, this can become 632 00:31:01,320 --> 00:31:04,600 Speaker 9: a reality with a centrally run system like fednow. For 633 00:31:04,680 --> 00:31:07,600 Speaker 9: the record, FED officials and banking experts say the new 634 00:31:07,680 --> 00:31:11,440 Speaker 9: fed now service does not give the agency additional surveillance 635 00:31:11,480 --> 00:31:15,280 Speaker 9: and enforcement authorities. Quote. While there are many sound concerns 636 00:31:15,280 --> 00:31:19,360 Speaker 9: around fednow being a necessary expansion of the Federal Reserve footprint, 637 00:31:19,720 --> 00:31:22,440 Speaker 9: I do not share that same concern that fednow will 638 00:31:22,480 --> 00:31:25,520 Speaker 9: expand surveillance. I don't know would you expect them to 639 00:31:25,560 --> 00:31:28,720 Speaker 9: say anything different? Let me know what you think. But 640 00:31:28,840 --> 00:31:32,800 Speaker 9: a closer look at fednow's published privacy policy reveals that 641 00:31:33,000 --> 00:31:35,240 Speaker 9: the terms that have been laid out are very vague, 642 00:31:35,480 --> 00:31:39,280 Speaker 9: perhaps by design, similar to private networks. Fednow is quote 643 00:31:39,320 --> 00:31:42,360 Speaker 9: authorized to collect and use your personal information for a 644 00:31:42,440 --> 00:31:45,560 Speaker 9: variety of purposes, one of them being to comply with 645 00:31:45,720 --> 00:31:48,760 Speaker 9: legal requirements. But if the FED is buddy buddy with 646 00:31:48,800 --> 00:31:51,400 Speaker 9: the folks who make the law, you can see why 647 00:31:51,480 --> 00:31:53,000 Speaker 9: some people are getting concerned. 648 00:31:53,440 --> 00:31:58,520 Speaker 12: So the Central Bank, which is the bank regulator, used 649 00:31:58,560 --> 00:32:01,680 Speaker 12: to be an an umpire, is suddenly stepping into the arena, 650 00:32:02,600 --> 00:32:06,800 Speaker 12: into the game, is participating, is competing against the banks. 651 00:32:07,520 --> 00:32:09,040 Speaker 10: That's an extraordinary development. 652 00:32:09,200 --> 00:32:12,800 Speaker 9: You see, as with many cases relating to centralized expansion 653 00:32:12,800 --> 00:32:15,920 Speaker 9: of power, they claim to not have such an authority 654 00:32:16,280 --> 00:32:20,080 Speaker 9: until all of a sudden they do. Another important point. Typically, 655 00:32:20,080 --> 00:32:22,800 Speaker 9: when it comes to private digital payment systems, you have 656 00:32:22,920 --> 00:32:25,320 Speaker 9: the power to choose which platform you want to use 657 00:32:25,800 --> 00:32:28,160 Speaker 9: or not use any of them at all. But with 658 00:32:28,280 --> 00:32:31,560 Speaker 9: FED now, the choice isn't entirely in your hands in 659 00:32:31,600 --> 00:32:34,480 Speaker 9: the first phase. It's up to the banking institutions whether 660 00:32:34,560 --> 00:32:37,479 Speaker 9: or not they decide to implement FED now. If your 661 00:32:37,480 --> 00:32:40,120 Speaker 9: bank decides to use FED now, your transactions will be 662 00:32:40,200 --> 00:32:43,360 Speaker 9: processed through this system, whether you're comfortable with it or not. 663 00:32:44,000 --> 00:32:46,840 Speaker 9: So yes, While the FED continues to assure and reassure 664 00:32:46,880 --> 00:32:50,160 Speaker 9: us that there is quote unquote nothing nefarious about VED now, 665 00:32:50,560 --> 00:32:52,600 Speaker 9: it would also behoove us to pay attention to what 666 00:32:52,720 --> 00:32:55,280 Speaker 9: else they've been cooking in the oven. Could FED now 667 00:32:55,440 --> 00:32:59,360 Speaker 9: be just a precursor to something even bigger? As presidential 668 00:32:59,360 --> 00:33:03,280 Speaker 9: candidate Robert Kennedy Junior astutely observed, could FED now be 669 00:33:03,480 --> 00:33:06,720 Speaker 9: just a stepping stone, a first step towards the implementation 670 00:33:07,000 --> 00:33:10,440 Speaker 9: of a US central bank digital currency? What is a 671 00:33:10,480 --> 00:33:13,640 Speaker 9: central bank digital currency? And how would an introduction of 672 00:33:13,960 --> 00:33:16,880 Speaker 9: such a digital currency impact our financial privacy and our 673 00:33:16,880 --> 00:33:19,400 Speaker 9: ability to control our own money. Well you can find 674 00:33:19,400 --> 00:33:21,440 Speaker 9: out in part two of this deep dive into fed 675 00:33:21,480 --> 00:33:23,640 Speaker 9: now hosted on my channel fifty one to forty nine 676 00:33:23,640 --> 00:33:26,200 Speaker 9: with James lee Or. We're going to tackle these questions 677 00:33:26,240 --> 00:33:29,560 Speaker 9: head on, so join me by clicking on the link below. 678 00:33:29,840 --> 00:33:32,840 Speaker 9: But before you do so, don't forget like this video 679 00:33:32,880 --> 00:33:35,280 Speaker 9: so more people see it and also subscribe to Breaking 680 00:33:35,280 --> 00:33:37,560 Speaker 9: Points if you haven't done so yet. Thank you for 681 00:33:37,600 --> 00:33:39,600 Speaker 9: your time today and I hope to see you in 682 00:33:39,640 --> 00:33:40,320 Speaker 9: the next video.