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Speaker 1: Cable news is ripping us apart, dividing the nation, making

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Speaker 1: it impossible to function as a society and to know

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Speaker 1: what is true and what is false. The good news

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Speaker 1: is that they're failing and they know it. That is

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Speaker 1: why we're building something new. Be part of creating a new, better, healthier,

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Speaker 1: member today at breakingpoints dot com. Your hard earned money

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Speaker 1: is going to help us build for the midterms and

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Speaker 1: the upcoming presidential election so we can provide unparalleled coverage

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Speaker 1: of what is sure to be one of the most

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Speaker 1: pivotal moments in American history. So what are you waiting for?

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Speaker 1: Go to Breakingpoints dot com to help us out. Good morning, everybody,

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

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Speaker 1: when we have Crystal Indeed, we do lots of new

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Speaker 1: developments this morning, lots of or it's coming out of

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Speaker 1: Russia about the response of their domestic population to that

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Speaker 1: mobilization announced by Putin. And also we have a domestic

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Speaker 1: response here more aid that is going through, so we'll

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Speaker 1: break all of those details down for you. We also

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Speaker 1: have a new look at a potential recession a little

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Speaker 1: bit more of a global look. Something interesting is happening.

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Speaker 1: Every single currency around the world almost literally has fallen

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Speaker 1: against the dollar. That'll make it very difficult for a

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Speaker 1: lot of countries to repay their debts. And there's a

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Speaker 1: particularly interesting situation unfolding in the UK that will break

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Speaker 1: down for you. There also new strikes developing, including food

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Speaker 1: service workers at San Francisco Airport almost all uniformly on strikes,

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Speaker 1: so passengers there, you know, without any sort of food

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Speaker 1: accommodations as workers protest over working conditions, in particular understaffing.

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Speaker 1: So we'll break that down for you. New developments in

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Speaker 1: that investigation into Matt Gates, the Department of Justice now

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Speaker 1: saying they do not have enough to charge him. So

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Speaker 1: that seems to be the end of that, and we

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Speaker 1: will talk to you about, you know, the media coverage

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Speaker 1: of that, what all unfolded and one exactly it all means.

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Speaker 1: We've also got a big ole I screw up. I

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Speaker 1: think it's fair to say for the New York Times,

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Speaker 1: definitely some Troe Biden propaganda, straight propaganda. Yeah, bad enough

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Speaker 1: that a lot of people are taking notice, Yes, yes,

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Speaker 1: many people taking notice. A few subtweets out there that

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Speaker 1: were notable. Also, I think fingers crossed, we're going to

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Speaker 1: have great friend of the show, Glenn Greenwald on to

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Speaker 1: talk about Edward Snowden being granted Russian citizenship. If we

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Speaker 1: can't get Glenn, then we'll just cover it ourselves. But

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Speaker 1: I think he's going to be able to join us

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Speaker 1: in the show this morning, which we are very excited about.

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Speaker 1: So before we get to any of that, however, a

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Speaker 1: couple of announcements are usual too. First of all, live show,

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Speaker 1: Live show, October fifteenth. Buy tickets. We're coming. I don't

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Speaker 1: have much more we can sell it. It's going to

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Speaker 1: be an amazing show. As always, We've got some great

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Speaker 1: stuff planned. We learned some things from Atlanta. I think

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Speaker 1: people are really going to enjoy it. So links are

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Speaker 1: the tickets are on sale and the link is in

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Speaker 1: the description Number two. Counterpoints they did a phenomenal job

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Speaker 1: on Friday, And as a basically reward for expansion and more,

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Speaker 1: we're putting the discount ten percent on the annual subscriptions.

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Speaker 1: So it's going to be ten percent off. That really

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Speaker 1: helps fund our expansion, helps fund Counterpoints and many of

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Speaker 1: the other partners and other people that we're going to

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Speaker 1: be bringing onto the show to support all of them

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Speaker 1: and continue growing. So with that, let's get to the show. Indeed,

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Speaker 1: so we're trying to sort through all of the reports

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Speaker 1: that are coming out of Russia and figure out exactly

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Speaker 1: what's going on there, which, as we've said a million times,

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Speaker 1: whether it's Russia or Run or other place, it's very

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Speaker 1: hard to really have a sense of what's going on there.

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Speaker 1: But you're getting increasing media reports and social media videos

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Speaker 1: coming out that shows a huge response reaction against the

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Speaker 1: mobilization and also increasingly violent response in reaction against the mobilization.

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Speaker 1: Let's go ahead and put this first piece up on

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Speaker 1: the screen from the Wall Street Journal. They say Russian

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Speaker 1: military recruitment centers are being attacked amid mobilization pushback. They

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Speaker 1: also say lines remain at the border as fighting age

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Speaker 1: men look to leave, and amid reports some are turned back.

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Speaker 1: The lead of the story says resistance against Russia's mobilization

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Speaker 1: for its war in Ukraine took an increasingly violent turn.

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Speaker 1: On Monday, two recruitment centers came under attack. Borders remain

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Speaker 1: clogged with fighting edged men who were fighting age men

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Speaker 1: who were trying to leave amid reports some are turning back.

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Speaker 1: Reports multiplied over the weekend that Russian border guards were

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Speaker 1: turning back some men who were seeking to leave the

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Speaker 1: country citing laws on mobilization. Again, these are sort of

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Speaker 1: unconfirmed reports at this point, but they say those reports

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Speaker 1: are escalating. They also say that some actually a Russian

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Speaker 1: state news agency is reporting that Russian citizens who are

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Speaker 1: subject to that mobilization order were stopped on the border

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Speaker 1: with Russia and Kazakhstan. They were told they needed to

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Speaker 1: seek permission from the Military Registration and Listman office before

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Speaker 1: they could cross the borders. So a lot that is

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Speaker 1: going on there. They also say they had one analyst

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Speaker 1: they're going to keep the borders open or not. And

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Speaker 1: basically what he said is, look, if it takes several days,

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Speaker 1: it's going to be tolerated. They're going to let people leave,

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Speaker 1: because the idea is basically, okay, we'll let the troublemakers

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Speaker 1: go and leave the others who are more obedient, more quiet,

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Speaker 1: more passive. But if it continues this flight of military

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Speaker 1: age men out of the country for a longer time,

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Speaker 1: then the question of closing the borders will arise. Yeah,

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Speaker 1: I mean they're in a tough spot. And actually, I

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Speaker 1: think this really does just show you how these the

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Speaker 1: amount of descent. You can't cover up everything in the

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Speaker 1: age of the internet, like photos are just going to

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Speaker 1: leak out. We have several things that we're going to

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Speaker 1: be playing for everyone throughout this show, and for those

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Speaker 1: who are just listening, will do a good job of

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Speaker 1: describing them. But every place a border crossing that you look,

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Speaker 1: you're looking at multi hour way times, like we're going

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Speaker 1: to show you one a little bit later with Georgia

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Speaker 1: Kazakhstan is a twelve hour line. It usually takes thirty

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Speaker 1: minutes to cross right into Kazakhstan. So almost every border

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Speaker 1: crossing they're both being searched to make sure that they're

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Speaker 1: not subject to them mobilization order, and then even then

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Speaker 1: there's mega long lines. And clearly whenever this is every

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Speaker 1: time we have seen that, you know, any Russian state regime,

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Speaker 1: you know, regardless of ideology, if you have mass fleeing,

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Speaker 1: they will only tolerate it to a certain point, and

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Speaker 1: if it starts to look like a threat to the

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Speaker 1: regime or a threat to their war effort, they're going

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Speaker 1: to cut that off, which is going to lead to

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Speaker 1: even more descent Crystal and already you know the stuff

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Speaker 1: that is leading. And now I don't want to pretend

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Speaker 1: that the entire Russian population is against this. Probably plenty

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Speaker 1: of compliant Russians, people are happy. There were definitely some

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Speaker 1: mobilizations and rallies to support the mobilization line. I'm not

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Speaker 1: going to pretend that those don't exist. But the point

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Speaker 1: is is that, you know, a critical level of descent

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Speaker 1: does not actually have to be that high to cause

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Speaker 1: some serious social strife. That's true. I think that's what

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Speaker 1: we're trying to highlight here. Yeah, and what it seems,

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Speaker 1: what seems to be happening is you still have you've

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Speaker 1: had really broad support within Russia for this war. You know,

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Speaker 1: overwhelmingly the population basically, you know, buys the Krumlin line.

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Speaker 1: They believe that the Ukrainians are or under siege and

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Speaker 1: that this is a noble thing to come and liberate them.

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Speaker 1: It seems that the majority of Russians have sort of

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Speaker 1: bought into that view of the war. But that's very

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Speaker 1: different saying like oh sure I support this idea in abstract.

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Speaker 1: That's very different than like I am willing to go

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Speaker 1: and fight and die for this cause, or I am

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Speaker 1: willing to send my son to go and fight and

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Speaker 1: die for this cause. So I think domestically, it's very

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Speaker 1: easy for you to imagine a similar response here in

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Speaker 1: the US, where citizens might buy largely into the government propaganda,

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Speaker 1: but then when it comes to their doorstep, they have

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Speaker 1: a feeling of like, Okay, that's terrible for the Ukrainians,

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Speaker 1: but why is this really my problem? And so I

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Speaker 1: think that is some of the sentiment that you're seeing,

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Speaker 1: even as we covered yesterday, in some of the you know,

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Speaker 1: far flow more remote regions of Russia where the citizenry

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Speaker 1: is largely supportive of the Krumlin, largely supportive of Putin,

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Speaker 1: when it comes to their day to day and what

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Speaker 1: it means for their lives to send their men over

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Speaker 1: into this war becomes a very very different deal. And

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Speaker 1: so you know, we're getting increasing reports of this has

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Speaker 1: really become quite a trend, these attacks on military enlistment centers,

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Speaker 1: I think, and it's kind of hard to get accurate counts,

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Speaker 1: and the numbers have been a little bit all over

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Speaker 1: the place, but I think since September twenty first, that's

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Speaker 1: when Putin announced this mobilization. You've had something like twelve

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Speaker 1: attacks on these enlistment recruitment centers. We have a vo

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Speaker 1: of let's go ahead and put this up. This was

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Speaker 1: a shooting actually, so actual violence in a recruitment center.

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Speaker 1: And this is a you know, sort of more remote

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Speaker 1: region of Russia. Actually, yeah, we didn't show the shooting.

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Speaker 1: We just showed people fleeing and the person who was

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Speaker 1: shot there is reportedly in critical condition. This is in

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Speaker 1: southeastern Siberia, so you see, you know, actual violence. The

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Speaker 1: reports are that the individual who did this was was

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Speaker 1: upset because one of his friends, who he did not

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Speaker 1: think should be mobilized, was subjected to the draft and

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Speaker 1: he was apparently, you know, really beside himself about that.

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Speaker 1: We've got another one we can show you here. Let's

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Speaker 1: go ahead and show this vio. This is somebody who

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Speaker 1: barricaded the door of the military enlistment office and then

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Speaker 1: threw at least five malotav cocktails into the building. So

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Speaker 1: this was, you know, a violent protest action. And again

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Speaker 1: this appears to be occurring with increasing regularity at these

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Speaker 1: enlistment offices. We have. We can show you some protests

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Speaker 1: that have been unfolding in Dagistan. That's you know, a

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Speaker 1: border region of Russia, southern tip of Russia near the

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Speaker 1: Georgia and Azerbaijan border, and you can see, I mean,

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Speaker 1: it's kind of hard to tell everything that's going on here,

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Speaker 1: but clearly chaos, resistance, clashes with police. There's a lot

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Speaker 1: of women involved here. Dagistan is a largely Muslim population.

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Speaker 1: So those are a few of the videos that we

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Speaker 1: see coming out. And I will tell you this morning,

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Speaker 1: of course, everything and you see on social media like

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Speaker 1: you should take with a grain of salt, you should

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Speaker 1: be skeptical of it. But there are a few things

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Speaker 1: that are noteworthy this morning of new you know, new draftees,

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Speaker 1: new conscripts who are basically about to be sent to

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Speaker 1: the front lines right now with little retraining. Who are

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Speaker 1: you know, sort of stunned at the lack of equipment

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Speaker 1: that they've been given. You know that they really have

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Speaker 1: basically been given like a gun and a uniform and

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Speaker 1: sent out there. So again this is all just social

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Speaker 1: media reports, unconfirmed, but an interesting potential window into what's happening,

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Speaker 1: and just you know, for openness, like a lot of

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Speaker 1: what we're flagging to you comes from our friend Diegor

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Speaker 1: Kotkin in Moscow and in Russia's we's vetting some of

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Speaker 1: the video, you know, as opposed to whatever's not real.

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Speaker 1: But you know, of course, always take everything with a

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Speaker 1: grain of salt, and you know, we're trying to present

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Speaker 1: the biggest, most nuanced picture here, which is that obviously

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Speaker 1: multifacet One of the things that strikes me is I

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Speaker 1: don't really understand why the Russians are like the same

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Speaker 1: over the last hundred years. Like World War One, troops

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Speaker 1: get drafted. It's a chaos. They get sent to the

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Speaker 1: front line with no supplies. World War two just get drafted,

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Speaker 1: get scripted, they get sent to the front line with

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Speaker 1: no supplies. Twenty twenty two they get drafted, disastrous war.

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Speaker 1: They get sent to the front line with no supplies.

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Speaker 1: It's like and the same strategy. It's like across ideology,

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Speaker 1: across kingdoms, you know, like Kingdom's socialism and nowt this

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Speaker 1: it's the exact same story. I genuinely think it's totally nuts.

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Speaker 1: But let's gohe and put this next one up there

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Speaker 1: on the screen. A very stark admission from President Putin

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Speaker 1: admitting mobilization errors publicly. He says, quote there are cases

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Speaker 1: when the decree has been violated, all the errors will

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Speaker 1: be corrected. And that is because there are a lot

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Speaker 1: of social media reports in Russia on their own social

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Speaker 1: media networks about people with no military experience who are

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Speaker 1: either too old or disabled, who are getting called up

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Speaker 1: incorrectly and so a quote unquote partial mobilization. A lot

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Speaker 1: of these edge cases you would see like an old man,

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Speaker 1: you know, with gray hair. We even pointed out some

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Speaker 1: of them, and some of the people who are fleeing,

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Speaker 1: people who are literally disabled, and then there's videos of

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Speaker 1: them having to say goodbye to their parents, like having

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Speaker 1: to report to the mobilization center. Those are the ones

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Speaker 1: like really tugging at the heartstrings for a president Putin

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Speaker 1: to admit an error publicly in Russia, that's a I mean, right,

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Speaker 1: that shows you to the level of like social consternation

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Speaker 1: that this has now risen to well, because if they

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Speaker 1: aren't strictly adhering to the criteria that they laid out,

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Speaker 1: which we should be clear that criteria is not actually

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Speaker 1: in the mobilization order, but the way the Putin present

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Speaker 1: that this has been presented as it's only going to

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Speaker 1: be people with who they call reservists, but these are

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Speaker 1: basically people with any sort of prior military experience. Between

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Speaker 1: these ages, you know that they set these criteria, and

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Speaker 1: then if you personally know or are a person who

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Speaker 1: does not fall in that criteria and you're getting drafted,

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Speaker 1: well that's terrifying forever because then number one, you have

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Speaker 1: in your face like they lied about what this is.

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Speaker 1: And number two then you say, oh, no one is safe,

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Speaker 1: no one is exempt from this thing. Anyone could be

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Speaker 1: drafted at a moment's notice. So you could see how

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Speaker 1: this would be tremendously destabilizing for the entire country, where

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Speaker 1: then you really feel like anyone, any man I know

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Speaker 1: in my life is basically at risk. Now. I don't

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Speaker 1: think there's another way to describe it. It really is

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Speaker 1: just totally nuts about what's happening. Let's put the next

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Speaker 1: one up there. This is from the Yeah, so this

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Speaker 1: is the pedestrian line at the Russian Georgian border, and

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Speaker 1: the voice on the video can be heard saying that

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Speaker 1: the waiting time is now nine hours, nine hours in

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Speaker 1: order to cross in the Russian Georgian border. As I said,

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Speaker 1: the Kazakh border time now is twelve hours, So it's

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Speaker 1: just chaos inside of Russia. And there's a lot of

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Speaker 1: people who I think rightfully, as you point out the decree,

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Speaker 1: I mean, they're trying to only call up people with

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Speaker 1: military experience, but it doesn't say that also partial mobilization.

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Speaker 1: All of the military analysts that we've quoted in all

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Speaker 1: here do not expect this to quote unquote turn the tide.

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Speaker 1: Maybe it will, but maybe it won't. Yeah, and if

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Speaker 1: it doesn't, well then you're looking at full mobilism. It's like,

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Speaker 1: so you're gonna fully draft people inside that just phase

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Speaker 1: one is the question. I mean, it's a reasonable question too.

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Speaker 1: Not like I said, it has happened many times in

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Speaker 1: Russian history. So if you if your grandfather, your great

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Speaker 1: grandfather died in the Second World War, which odds are

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Speaker 1: like the majority of Russian men who were born sometime

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Speaker 1: to be like twenty or something years old probably did

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Speaker 1: die in the Second World Like you have deep Like

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Speaker 1: I generally avoid mental health language like trauma all societally,

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Speaker 1: but I think when like seventy percent of kids who

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Speaker 1: are born between a couple of years do get killed,

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Speaker 1: that does leave some sort of like generational mark. Everybody

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Speaker 1: has a relative who was killed in the Second World War,

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Speaker 1: either you know, a mom or grandma, sister, something like that,

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Speaker 1: or a great great grandfather, an uncle, a photo like

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Speaker 1: these are not things they just get long forgotten. So

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Speaker 1: that plus Afghanistan long long scar I think on society

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Speaker 1: in Russia, and this is hearkening back to that, and

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Speaker 1: it's it puts Putin in a dangerous place where he's

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Speaker 1: betting his regime and his legacy, all of it on

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Speaker 1: that he's willing to risk the most social strife that

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Speaker 1: we've seen in Russia for what over a decade since

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Speaker 1: the protest in like two thousand, I think twenty fourteen

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Speaker 1: or so. This is the most that the world has been,

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Speaker 1: you know, antagonistic towards Russia. So he's really got problems

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Speaker 1: on all sides in Russian society. Yeah. And I mean

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Speaker 1: one thing we definitely know is that he really didn't

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Speaker 1: want to take this step. Yeah. I mean, that's why

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Speaker 1: it wasn't taken from the beginning. That's why this was

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Speaker 1: soft pedaled as oh, this is totally not a war,

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Speaker 1: it's just this little special military operation. Don't worry about it.

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Speaker 1: I'm going to keep like inaugurating Ferris Wheels and we'll

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Speaker 1: just go about life as usual. So it's a sign

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Speaker 1: of you know, how few options he felt he had,

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Speaker 1: that he went forward with this because likely had some

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Speaker 1: awareness of the likely backlash that would be attendant here.

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Speaker 1: And you also have you know, we focused almost solely

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Speaker 1: on the new conscripts. You also have people who signed

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Speaker 1: up for short term tours who thought they would be

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Speaker 1: you know, out in the field for four to six months.

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Speaker 1: All of those contracts have now been extended. So so

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Speaker 1: it's the stop losh policy as well. I mean that's

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Speaker 1: also some of you. You think you're like, Okay, well

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Speaker 1: I can go serve for six months and earn some

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Speaker 1: extra cash, and then you're stuck there indefinitely. So I

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Speaker 1: mean that's a major societal stressor as well. I also

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Speaker 1: think it's important to take note of these numbers. Now.

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Speaker 1: Of course, it's going to take a significant amount of

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Speaker 1: time even to obtain the three hundred thousand number that

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Speaker 1: they put out there, but keep in mind the original

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Speaker 1: force that had been masked at Ukraine's borders that was

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Speaker 1: one hundred and ninety thousand troops roughly, so when you're

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Speaker 1: talking about three hundred thousand bodies, and again they didn't

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Speaker 1: limit themselves actually to that number. And if you're just

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Speaker 1: just quote unquote talking about three hundred thousand bodies, that's

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Speaker 1: a huge, huge increase in the forces that they have

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Speaker 1: there on the ground. So, you know, it is it

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Speaker 1: does seem really like they're just using these guys as

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Speaker 1: cannon fodder. That's a desperate move that they're you know,

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Speaker 1: out of options and basically losing. And so back to

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Speaker 1: against a wall. Putin took this tremendous domestic political risk

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Speaker 1: to really really sort of destroy this separation between the

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Speaker 1: war and civilian life that he had worked so hard

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Speaker 1: to maintain. I really feel terrible for them. You know,

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Speaker 1: people we are protesting this seriously have some major, major courage,

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Speaker 1: and look, you know, we're going to see how it

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Speaker 1: works out. But I feel really terrible for a lot

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Speaker 1: young Russians who you know, I can't imagine having to

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Speaker 1: be put in this position, and also the Ukrainians, you know,

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Speaker 1: having to look at this and just be like, oh, man,

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Speaker 1: like it's not just ending it, It's going to get

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Speaker 1: a lot worse. And that's always what war ends up being.

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Speaker 1: Let's go to the next one. This is a crazy story,

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Speaker 1: so i'd deep into this and let's go ahead and

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Speaker 1: put this up there on the screen. So it leaked

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Speaker 1: out yesterday that the new funding bill for Congress has

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Speaker 1: snuck in more than twelve billion dollars more in Ukraine

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Speaker 1: related aid. Now, the reason why this whole story is

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Speaker 1: convoluted is that right now we're actually on the verge

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Speaker 1: of a government shutdown at the end of the week.

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Speaker 1: A lot most of the people I spoke to don't

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Speaker 1: expect any actual shutdown to happen. But the new legislation

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Speaker 1: wasn't released actually until yesterday night, Crystal, And it's a

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Speaker 1: funding package to basically avert the government shutdown and push

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Speaker 1: it out through December sixteenth. Why December sixteenth, because they

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Speaker 1: like to push it out until after the election so

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Speaker 1: they can all go home and they can campaign for reelection. Now,

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Speaker 1: what's happening, though, is that this is normal stuff, right.

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Speaker 1: They need to put disaster relief funding like DEA funding. Actually,

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Speaker 1: Chuck Schumer got fooled into like trying to appropriate new

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Speaker 1: money to a drug that literally doesn't exist. So that's funny.

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Speaker 1: We could do a whole story on that later. That

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Speaker 1: one it's called rainbow fen at all. It's a hilarious

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Speaker 1: story in its own right. So we can continue down

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Speaker 1: the line of all of these normal government functions that

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Speaker 1: have to be funded, etc. And then twelve billion dollar

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Speaker 1: check for Ukraine snuck in. There absolutely no debate, nothing,

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Speaker 1: and no even real clarity right now as to what

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Speaker 1: type of aid that this actually is. What we know bankcheck.

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Speaker 1: This is like I said, I have dug as deep

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Speaker 1: as I can. It's effectively a blank check to the administration.

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Speaker 1: And the crazy thing about these types of aid that

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Speaker 1: we continue to give the president is it is literally

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Speaker 1: up to his sole discretionary authority. So we have certain

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Speaker 1: types of aid that we are giving to Ukraine. There's

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Speaker 1: humanitarian aid, there's military aid, and then there's economic aid. Economically,

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Speaker 1: we've basically eliminated their debt and backstopped their entire financial

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Speaker 1: system in Central Bank. Humanitarian we continue to give a

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Speaker 1: majority of the humanitarian aid to Ukraine, and also you

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Speaker 1: know refugee camps all that I generally don't have a

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Speaker 1: problem with that. It's the military aid where I'm like,

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Speaker 1: this is crazy because it has no restrictions whatsoever. Right now,

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Speaker 1: We still don't even know the dollar amount of the

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Speaker 1: actual military aid of this twelve billion that we're being spent,

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Speaker 1: and it continues to be completely up to the Biden

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Speaker 1: administration as to what type of quote unquote offensive weapons

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Speaker 1: that we're going to be giving. It literally lies with

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Speaker 1: him as to whether Ukraine gets basically anything that the

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Speaker 1: US military has its hands on. Oh, you want to

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Speaker 1: strike into Crimea, that's up to Biden. And this is

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Speaker 1: why I think it's so dangerous, which is that in

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Speaker 1: a way we have such a broken system because if

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Speaker 1: it were up to Congress, let's be honest, they probably

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Speaker 1: would give them even more offensive weapons. There's no debate whatsoever.

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Speaker 1: And it just shows you how broken the system is.

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Speaker 1: To imagine that Biden's eighty year old heart is the

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Speaker 1: only thing that gets to decide like how he feels

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Speaker 1: that day as to what type of weapons system gets

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Speaker 1: shipped to Ukraine and possibly could escalate the conflict there.

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Speaker 1: It's just a nuts way in order to run this thing.

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Speaker 1: Zero absolutely zero like review. There's no Rand Paul inspector General.

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Speaker 1: Remember when Rand Paul was like, look, I'm not even

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Speaker 1: going to vote against this eight just have an Inspector

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Speaker 1: General to track where it goes. Nope, can't even have that,

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Speaker 1: no question, people acted like that was a crazy idea.

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Speaker 1: I mean it's been over six months now, you know,

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Speaker 1: remember that CBS News report that we covered about how

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Speaker 1: only thirty percent or whatever of the weapons were reaching

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Speaker 1: the front line in the beginnings of the war. They're like, oh,

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Speaker 1: so they eventually took that report down because they're like, well,

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Speaker 1: now apparently it's more I'm like, yeah, but in the

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Speaker 1: first couple of months, I would still like to know

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Speaker 1: what happened to the other seven, right, so where did

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Speaker 1: it all go? And Okay, so let's do a follow

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Speaker 1: up report, like, Okay, what's the percentage? We've seen precious

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Speaker 1: little reporting on that front. I don't think it's an

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Speaker 1: accident that these funding bills. I mean every single time

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Speaker 1: we've had another funding package, and I really have completely

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Speaker 1: lost count of how many there have been. At this point,

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Speaker 1: it is so hard to even find news reports about them.

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Speaker 1: These are significant. I mean, I can't think of anything

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Speaker 1: more important for the public to know about and debate

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Speaker 1: the details of, because, as you're pointing to Sager, the

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Speaker 1: details here really really matter, which is something the administration

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Speaker 1: you know, fortunately, has seemed to understand and they've been

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Speaker 1: reluctant to give Zelenski everything last thing that he wants.

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Speaker 1: But again, we're just wishing and hoping that Biden continues

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Speaker 1: to exercise some kind of restraint in terms of the

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Speaker 1: longer range missiles here. And there's a reason why it

429
00:22:31,600 --> 00:22:34,480
Speaker 1: is not covered extensively and not subject to public debate,

430
00:22:34,560 --> 00:22:37,199
Speaker 1: which is that, you know, the public is not super

431
00:22:37,280 --> 00:22:40,240
Speaker 1: keen at this point. We cover that polling on continuing

432
00:22:40,280 --> 00:22:43,000
Speaker 1: to send this amount of a this amount of weapons,

433
00:22:43,119 --> 00:22:45,679
Speaker 1: especially when you compare to you know, our European allies

434
00:22:45,720 --> 00:22:48,960
Speaker 1: and the amounts that they are sending. So the way

435
00:22:49,000 --> 00:22:51,520
Speaker 1: that they get around that, rather than actually covering it

436
00:22:51,600 --> 00:22:53,639
Speaker 1: and having a debate and you know, treating it like

437
00:22:53,720 --> 00:22:56,479
Speaker 1: an active piece of democracy, which it should be, is

438
00:22:56,560 --> 00:22:59,080
Speaker 1: just to kind of bury the news and hope nobody

439
00:22:59,119 --> 00:23:02,359
Speaker 1: really notices, which has basically worked so far. Absolutely, let

440
00:23:02,400 --> 00:23:04,520
Speaker 1: me just read people what it sounds like in the law.

441
00:23:04,600 --> 00:23:06,320
Speaker 1: This is the law. This will be the law of

442
00:23:06,320 --> 00:23:09,080
Speaker 1: the land. If this thing passes for any additional amount

443
00:23:09,160 --> 00:23:11,960
Speaker 1: of operation and maintenance army A six hundred and fifty

444
00:23:12,000 --> 00:23:15,080
Speaker 1: four million dollars will remain available until September thirtieth, twenty

445
00:23:15,080 --> 00:23:17,760
Speaker 1: twenty three, to respond to the situation in Ukraine and

446
00:23:17,800 --> 00:23:21,959
Speaker 1: for related expenses. That's it. That's six hundred million, and

447
00:23:22,000 --> 00:23:26,119
Speaker 1: it's paragraph after paragraph after paragraph. Yeah, just like that. Wow.

448
00:23:26,160 --> 00:23:29,160
Speaker 1: My personal favorite is it's like on the Space Force,

449
00:23:29,200 --> 00:23:32,720
Speaker 1: they're like a piece of appropriations to the Space Force

450
00:23:33,000 --> 00:23:35,000
Speaker 1: for Ukraine related eight and I'm like, wait, hold on,

451
00:23:35,280 --> 00:23:36,960
Speaker 1: Like what's going on with the Space Force. I'm like,

452
00:23:37,600 --> 00:23:41,960
Speaker 1: satellite type stuff that we don't know about. Again, zero transparency,

453
00:23:42,280 --> 00:23:45,119
Speaker 1: zero release to the general public. And you can go

454
00:23:45,200 --> 00:23:47,400
Speaker 1: through and you can read, I mean through every single

455
00:23:47,440 --> 00:23:49,959
Speaker 1: one of these things. As I said, even you know

456
00:23:50,040 --> 00:23:52,600
Speaker 1: to me having read through it, it's still not clear

457
00:23:52,840 --> 00:23:56,760
Speaker 1: on the missiles the way it reads for missile related procurement.

458
00:23:57,080 --> 00:24:01,200
Speaker 1: For missile related procurement four one hundred and forty five

459
00:24:01,280 --> 00:24:05,040
Speaker 1: million to be available to the Department of Defense until

460
00:24:05,040 --> 00:24:08,760
Speaker 1: September twenty third, twenty twenty five, pushing it out several years.

461
00:24:09,000 --> 00:24:11,880
Speaker 1: Basically like, here's this pot of money, spend it however

462
00:24:11,920 --> 00:24:14,919
Speaker 1: you want, however you see fit. I think it's very

463
00:24:14,960 --> 00:24:19,359
Speaker 1: important for people to really understand the dramatic amount of

464
00:24:19,359 --> 00:24:22,119
Speaker 1: power that they were just handing the executive branch in

465
00:24:22,119 --> 00:24:25,760
Speaker 1: this situation, and it's dangerous and no debate. I mean,

466
00:24:25,760 --> 00:24:29,399
Speaker 1: in terms of overall aid, the twelve billion alone is

467
00:24:29,480 --> 00:24:33,200
Speaker 1: more than every single country on Earth has given to Ukraine,

468
00:24:33,720 --> 00:24:38,080
Speaker 1: including the combined European Union to the only country that

469
00:24:38,119 --> 00:24:42,560
Speaker 1: even comes close is the UK. In terms of military aid,

470
00:24:42,800 --> 00:24:46,320
Speaker 1: the new military appropriations, if they do reach six billion

471
00:24:46,440 --> 00:24:48,760
Speaker 1: or so, which is just half of this, will also

472
00:24:48,920 --> 00:24:52,439
Speaker 1: be more than every single So the supplemental twelve billion

473
00:24:52,680 --> 00:24:56,280
Speaker 1: to the forty four that we've already appropriated is like

474
00:24:56,440 --> 00:25:01,200
Speaker 1: I believe, seven to ten times larger than every single

475
00:25:01,240 --> 00:25:05,600
Speaker 1: other entity, not just country, entity that exists. That's outrageous.

476
00:25:05,760 --> 00:25:09,159
Speaker 1: We covered that polar about from the concerned veterans of America.

477
00:25:09,240 --> 00:25:13,160
Speaker 1: Americans are fine sending money to you, especially humanitarian aid. Okay,

478
00:25:13,200 --> 00:25:16,480
Speaker 1: like you can't like Americans are completely fine shipping money

479
00:25:16,480 --> 00:25:19,040
Speaker 1: to Ukraine. They just want the Europeans to step up.

480
00:25:19,240 --> 00:25:21,919
Speaker 1: The only counter I've heard is like, yeah, but percent

481
00:25:22,000 --> 00:25:25,560
Speaker 1: GDP Estonia's Estonia is like this big, all right, It's

482
00:25:25,560 --> 00:25:28,359
Speaker 1: smaller than a national park on the East coast. That

483
00:25:28,400 --> 00:25:31,959
Speaker 1: doesn't mean like to say that percent GDP is what matters,

484
00:25:31,960 --> 00:25:35,720
Speaker 1: and not overall, especially when overall is such a massive,

485
00:25:36,200 --> 00:25:39,679
Speaker 1: a massive overlay compared to every single other nation. I

486
00:25:39,760 --> 00:25:42,320
Speaker 1: just think it's totally outrageous. In order to argue this,

487
00:25:42,600 --> 00:25:45,080
Speaker 1: I get that the Europeans are dealing with energy crisis

488
00:25:45,080 --> 00:25:46,440
Speaker 1: and all that, but they're the ones who have to

489
00:25:46,480 --> 00:25:48,639
Speaker 1: deal with this. It's their border, not ours. Well, let

490
00:25:48,680 --> 00:25:51,320
Speaker 1: me also say that, you know, at least with the

491
00:25:51,400 --> 00:25:54,639
Speaker 1: military aid, you can say, will the Ukrainians have deployed

492
00:25:54,640 --> 00:25:56,720
Speaker 1: it effectively? I mean, it really was put up or

493
00:25:56,720 --> 00:25:59,400
Speaker 1: shut up time for Zelenski. He put up. They had

494
00:25:59,400 --> 00:26:03,920
Speaker 1: a you know, a very effective offensive action. That's why

495
00:26:03,960 --> 00:26:06,120
Speaker 1: Putin is on his back foot now. I think that

496
00:26:06,280 --> 00:26:08,400
Speaker 1: we are in a very dangerous in a certain way

497
00:26:08,480 --> 00:26:12,879
Speaker 1: situation now as well, where the risk of some sort

498
00:26:12,880 --> 00:26:16,960
Speaker 1: of use of nuclear weapon tactical quote unquote or some

499
00:26:17,000 --> 00:26:19,560
Speaker 1: sort of a test has probably never been higher because

500
00:26:19,600 --> 00:26:21,920
Speaker 1: he is so stressed and is you know, backed into

501
00:26:21,960 --> 00:26:25,480
Speaker 1: such a corner. But the piece that we also have

502
00:26:25,920 --> 00:26:29,720
Speaker 1: never really assessed whether this worked the way it was intended,

503
00:26:29,880 --> 00:26:33,120
Speaker 1: whether it's accomplishing our goals, whether it's hobbling our populations,

504
00:26:33,160 --> 00:26:36,240
Speaker 1: is the economic sanctions. I mean, again, you talk about

505
00:26:36,359 --> 00:26:40,720
Speaker 1: areas where there has been precious little journalism. Producer James

506
00:26:40,720 --> 00:26:45,040
Speaker 1: did send us a story this morning that was really good. Yeah,

507
00:26:45,040 --> 00:26:48,160
Speaker 1: that was about the effectiveness or lack thereof of these

508
00:26:48,160 --> 00:26:51,600
Speaker 1: sanctions from foreign affairs and basically they say, you know,

509
00:26:51,680 --> 00:26:54,720
Speaker 1: a lot of the initial expectations of these sanctions did

510
00:26:54,760 --> 00:26:59,160
Speaker 1: not pan out. And yes, this is you know, stressed

511
00:26:59,160 --> 00:27:01,800
Speaker 1: the Russian economy, there's no doubt about it. But it's

512
00:27:01,840 --> 00:27:06,840
Speaker 1: having massive boomerang effects, especially in the Global South, and

513
00:27:07,359 --> 00:27:10,560
Speaker 1: so it has not had the impact that was laid out,

514
00:27:11,000 --> 00:27:13,800
Speaker 1: and it's come at tremendous sacrifice, you know, of our population,

515
00:27:13,880 --> 00:27:17,320
Speaker 1: the European populations, but again most of all with reverberating

516
00:27:17,359 --> 00:27:21,080
Speaker 1: effects in the Global South. So there's never been a

517
00:27:21,160 --> 00:27:23,680
Speaker 1: reassessment of like, okay, or we did this work out,

518
00:27:23,720 --> 00:27:26,440
Speaker 1: are we doing the right things? Are we accomplishing our goals.

519
00:27:26,560 --> 00:27:29,560
Speaker 1: It's just been full steam ahead, no looking back. And

520
00:27:29,600 --> 00:27:32,320
Speaker 1: that's another area where there was no debate. It was

521
00:27:32,359 --> 00:27:35,800
Speaker 1: done extraordinarily suddenly and there quickly yes, and there continues

522
00:27:35,840 --> 00:27:38,080
Speaker 1: to be no debate over you know, now this is

523
00:27:38,160 --> 00:27:40,600
Speaker 1: just the status quo. And that's the problem always with

524
00:27:40,680 --> 00:27:43,640
Speaker 1: sanctions is once they're in place, they almost never get

525
00:27:43,720 --> 00:27:45,880
Speaker 1: rolled back because no one ever goes back and said,

526
00:27:46,080 --> 00:27:48,199
Speaker 1: then it's the status quo. It just is what it is,

527
00:27:48,240 --> 00:27:49,919
Speaker 1: and no one wants to like go soft on the

528
00:27:49,920 --> 00:27:53,360
Speaker 1: bad guy country, and so they just stay in place indefinitely,

529
00:27:53,560 --> 00:27:56,040
Speaker 1: even if they are backfiring, even if they are not

530
00:27:56,080 --> 00:27:58,960
Speaker 1: accomplishing your goals, even if they are hurting your own population.

531
00:27:59,359 --> 00:28:03,000
Speaker 1: It's another area where there has just been absolutely no discussion,

532
00:28:03,119 --> 00:28:07,120
Speaker 1: absolutely no debate, and next to no journalism on the subject. Yeah,

533
00:28:07,400 --> 00:28:10,640
Speaker 1: very unfortunate. Okay, all right, guys, next piece we wanted

534
00:28:10,680 --> 00:28:12,680
Speaker 1: to take a look at here. This is really interesting

535
00:28:12,760 --> 00:28:15,800
Speaker 1: digging into some of the economic numbers. Let's go and

536
00:28:15,800 --> 00:28:17,960
Speaker 1: put this first piece up on the screen. This is

537
00:28:18,000 --> 00:28:22,040
Speaker 1: what really sort of sparked this conversation for us anyway,

538
00:28:22,600 --> 00:28:25,919
Speaker 1: every single major currency this is from Joe Wisenthal, is

539
00:28:26,160 --> 00:28:30,160
Speaker 1: lower against the dollar today except the ones that haven't

540
00:28:30,200 --> 00:28:33,480
Speaker 1: started trading yet. So I don't want to get too

541
00:28:33,560 --> 00:28:36,000
Speaker 1: much in the weeds here so that eyes glaze over.

542
00:28:36,280 --> 00:28:39,960
Speaker 1: But effectively, what is going on is because our Federal

543
00:28:40,000 --> 00:28:43,920
Speaker 1: Reserve is hiking interest rates, that is causing massive ripple

544
00:28:43,920 --> 00:28:48,640
Speaker 1: effects throughout the world economy. And in particular this is

545
00:28:48,640 --> 00:28:52,000
Speaker 1: a problem for countries that have a lot of dollar

546
00:28:52,080 --> 00:28:55,520
Speaker 1: denominated debt or that rely on a lot of imports

547
00:28:55,520 --> 00:28:57,640
Speaker 1: from around the world. Because the dollar continues to be

548
00:28:57,640 --> 00:28:59,960
Speaker 1: the global reserve currency, it continues to like forty per

549
00:29:00,000 --> 00:29:03,600
Speaker 1: percent of the world's transactions are done in dollars, So

550
00:29:03,640 --> 00:29:07,320
Speaker 1: when the Federal Reserve increases their rate, it usually increases

551
00:29:07,320 --> 00:29:09,800
Speaker 1: interests rights throughout our economy. That tends to make the

552
00:29:09,840 --> 00:29:13,440
Speaker 1: dollars stronger. That attracts investment capital from investors abroad. Seeing

553
00:29:13,480 --> 00:29:15,720
Speaker 1: high returns of bonds and interest rate not necessarily bad

554
00:29:15,720 --> 00:29:18,440
Speaker 1: thing for us, but for the rest of the world,

555
00:29:18,720 --> 00:29:22,479
Speaker 1: now it costs them more to do basically anything. And

556
00:29:22,520 --> 00:29:24,880
Speaker 1: again this is especially a problem for places that have

557
00:29:24,960 --> 00:29:27,960
Speaker 1: a lot of dollars nominated debt or that have to

558
00:29:28,000 --> 00:29:32,120
Speaker 1: import things like food, like basic or fuel basic items.

559
00:29:32,160 --> 00:29:36,560
Speaker 1: Now everything is more expensive, and this becomes an issue

560
00:29:36,600 --> 00:29:40,520
Speaker 1: for us as well, because obviously the economy is incredibly

561
00:29:40,680 --> 00:29:44,480
Speaker 1: globally integrated, so it's not like we're this little island

562
00:29:44,520 --> 00:29:46,920
Speaker 1: and we can protect ourselves from what's going on around

563
00:29:46,960 --> 00:29:49,560
Speaker 1: the world. So that's why this is something to really

564
00:29:49,600 --> 00:29:52,360
Speaker 1: pay attention to. As reading an article and there was

565
00:29:52,560 --> 00:29:54,680
Speaker 1: an economist here who put it this way. Central banks,

566
00:29:54,720 --> 00:29:59,080
Speaker 1: of course have purely domestic mandates. However, because economies are

567
00:29:59,080 --> 00:30:01,920
Speaker 1: more interdependent than they have ever been and so closer

568
00:30:01,960 --> 00:30:04,760
Speaker 1: cooperation is needed, I don't think central banks can have

569
00:30:04,840 --> 00:30:08,680
Speaker 1: the luxury of not thinking about what is happening abroad.

570
00:30:09,600 --> 00:30:12,840
Speaker 1: This has been particularly a dramatic story in the UK.

571
00:30:13,040 --> 00:30:14,959
Speaker 1: Let's go and put this piece up on the screen.

572
00:30:15,480 --> 00:30:18,720
Speaker 1: You've got the Bank of England saying they won't hesitate

573
00:30:18,760 --> 00:30:23,280
Speaker 1: to hike rates because they are very nearly in crisis

574
00:30:23,360 --> 00:30:27,680
Speaker 1: after the pound fell to a historic low against the dollar.

575
00:30:28,120 --> 00:30:30,800
Speaker 1: Now they have something that is a little bit different

576
00:30:30,880 --> 00:30:34,080
Speaker 1: going on there, because not only do they have the

577
00:30:34,120 --> 00:30:38,800
Speaker 1: impact of our federal Reserve Bank hiking rates, but their

578
00:30:39,080 --> 00:30:42,000
Speaker 1: issue seems to be more directly related to the domestic

579
00:30:42,040 --> 00:30:44,600
Speaker 1: political situation there, which is that the new prime minister

580
00:30:44,720 --> 00:30:49,360
Speaker 1: announced this massive package of tax cuts, largely for the

581
00:30:49,480 --> 00:30:53,920
Speaker 1: rich and for corporations, including such populous moves as lifting

582
00:30:54,040 --> 00:30:58,280
Speaker 1: the cap on banker bonuses. Sounds like what the UK needs.

583
00:30:58,520 --> 00:31:01,240
Speaker 1: It really is a total threat back kind of policy.

584
00:31:01,280 --> 00:31:04,280
Speaker 1: I mean, it's quite astonishing when you read the details here.

585
00:31:04,640 --> 00:31:07,440
Speaker 1: But I think Liz trust kind of expected the market

586
00:31:07,480 --> 00:31:10,400
Speaker 1: to be like, yay tax cuts, and there was instead

587
00:31:10,920 --> 00:31:13,680
Speaker 1: essentially a meltdown because they worried so much about the

588
00:31:13,680 --> 00:31:17,120
Speaker 1: financial position of the country with you know, taking so

589
00:31:17,240 --> 00:31:20,400
Speaker 1: much revenue out of the budget with these huge tax cuts.

590
00:31:20,400 --> 00:31:22,520
Speaker 1: So that's a big part of the story of why

591
00:31:22,600 --> 00:31:24,440
Speaker 1: they're having such an issue, right Yeah, And actually it's

592
00:31:24,440 --> 00:31:26,480
Speaker 1: going to have major problems for them on inflation because

593
00:31:26,480 --> 00:31:28,480
Speaker 1: part of the thing is that a strong pound made

594
00:31:28,480 --> 00:31:31,080
Speaker 1: it so that imports were less expensive. Whenever the pound

595
00:31:31,240 --> 00:31:33,920
Speaker 1: is cheaper in regard to the dollar, than the imports

596
00:31:33,920 --> 00:31:36,959
Speaker 1: become more expensive, which means that British companies are going

597
00:31:37,000 --> 00:31:39,800
Speaker 1: to have to raise prices to compensate for higher costs,

598
00:31:40,000 --> 00:31:43,000
Speaker 1: which puts pressure on inflation, which is already at the

599
00:31:43,040 --> 00:31:46,840
Speaker 1: forty year high in Britain. So they have some serious

600
00:31:46,960 --> 00:31:50,720
Speaker 1: economic troubles. It's related, like you said, to the fiscal policy.

601
00:31:50,760 --> 00:31:54,040
Speaker 1: But the fact is is that all currencies globally are

602
00:31:54,040 --> 00:31:57,800
Speaker 1: having problems with regards to the dollar and the strong

603
00:31:57,920 --> 00:32:00,000
Speaker 1: dollar as it is, it's not necessarily this is why

604
00:32:00,040 --> 00:32:02,480
Speaker 1: as complicated for her my perspective, not a bad thing

605
00:32:02,680 --> 00:32:04,960
Speaker 1: because it makes well, it makes it it helps us

606
00:32:05,000 --> 00:32:07,640
Speaker 1: with inflation, and it's no accent that even as inflation

607
00:32:07,720 --> 00:32:11,160
Speaker 1: continues to bite here, we actually have low inflation compared

608
00:32:11,200 --> 00:32:14,440
Speaker 1: to a lot of other nations because the strong dollar

609
00:32:14,520 --> 00:32:18,040
Speaker 1: means when we are importing goods, they're lower cheaper for us,

610
00:32:18,080 --> 00:32:21,240
Speaker 1: and that helps keep our own inflation in check. The

611
00:32:21,400 --> 00:32:23,480
Speaker 1: risk is that you have blowback from you know, it

612
00:32:23,520 --> 00:32:26,560
Speaker 1: relates very much to the monologue you gave yesterday's Soccer

613
00:32:26,720 --> 00:32:31,040
Speaker 1: about how when you have countries where their population is

614
00:32:31,280 --> 00:32:34,160
Speaker 1: stressed out because of food prices or fuel prices, or

615
00:32:34,200 --> 00:32:37,760
Speaker 1: housing prices or whatever it is, you are more likely

616
00:32:37,840 --> 00:32:40,640
Speaker 1: to have a lot of instability, a lot of chaos.

617
00:32:41,000 --> 00:32:44,240
Speaker 1: And you know, these things don't just stay in one place.

618
00:32:44,280 --> 00:32:45,760
Speaker 1: If you have you know, if you have a country

619
00:32:45,800 --> 00:32:48,440
Speaker 1: collapse and you have massive migrant flows, guess what, that

620
00:32:48,480 --> 00:32:50,640
Speaker 1: can really have a big impact on your politics and

621
00:32:50,680 --> 00:32:53,719
Speaker 1: your economy and everything else here at home. And because

622
00:32:53,720 --> 00:32:57,120
Speaker 1: the economy is so interconnected, you know, the problems over

623
00:32:57,160 --> 00:32:59,520
Speaker 1: and other places don't necessarily stay in those places. So

624
00:32:59,560 --> 00:33:01,440
Speaker 1: it is a compon located story. Liz Trust is a

625
00:33:01,440 --> 00:33:03,640
Speaker 1: fool in my opinion, she really is coming back to

626
00:33:03,760 --> 00:33:07,080
Speaker 1: full back to thatcher and she just misunderstands like the

627
00:33:07,120 --> 00:33:10,280
Speaker 1: European moment. If you look at what just happened in Italy, Sweden,

628
00:33:10,360 --> 00:33:14,120
Speaker 1: what's happening in the Czech Republic, Salachia, everything we've pointed to,

629
00:33:14,560 --> 00:33:17,120
Speaker 1: it's clear what's going on. You have major economic stress

630
00:33:17,120 --> 00:33:20,240
Speaker 1: and that is leading to like massive social turmoil. She's

631
00:33:20,240 --> 00:33:23,240
Speaker 1: instead just pivoting back to like Thatcher right. I believe

632
00:33:23,280 --> 00:33:25,080
Speaker 1: it's the first tax cut in the U case, it's

633
00:33:25,200 --> 00:33:29,000
Speaker 1: nineteen seventy two, and at the same time has forty

634
00:33:29,080 --> 00:33:33,640
Speaker 1: year high inflation and also what a massive energy prices

635
00:33:33,680 --> 00:33:36,280
Speaker 1: which are a result of a foreign conflict. So she's

636
00:33:36,400 --> 00:33:38,360
Speaker 1: digging down to kind of like to what she was

637
00:33:38,440 --> 00:33:40,920
Speaker 1: raised in. I guess, but there's no real answer. I

638
00:33:40,960 --> 00:33:43,600
Speaker 1: was seeing Ross Dout that talk about this yesterday. She

639
00:33:43,800 --> 00:33:47,440
Speaker 1: is setting the stage for probably an eventual labor victory

640
00:33:47,720 --> 00:33:52,160
Speaker 1: and then for the rerise of UKIP style populism which

641
00:33:52,240 --> 00:33:55,000
Speaker 1: led to Brexit, and that's going to leave the content

642
00:33:55,040 --> 00:33:58,240
Speaker 1: of the island in chaos for no reason. Whenever she

643
00:33:58,320 --> 00:34:01,680
Speaker 1: could just be like a four forward looking thinker, and

644
00:34:01,760 --> 00:34:04,800
Speaker 1: instead it's like we've seen a reversion past the gains

645
00:34:05,000 --> 00:34:07,160
Speaker 1: that I thought we had seen with Teresa May and

646
00:34:07,240 --> 00:34:11,960
Speaker 1: with Boris Johnson's governments. I mean, I cannot imagine anything

647
00:34:12,040 --> 00:34:15,240
Speaker 1: more tone deaf than lifting the cap on banker bonus.

648
00:34:15,400 --> 00:34:18,400
Speaker 1: Energy prices are so high for like small businesses and

649
00:34:18,440 --> 00:34:21,400
Speaker 1: pubs in the UK, which are all needing either closing

650
00:34:21,560 --> 00:34:23,680
Speaker 1: or on the verge of laying people off. Like you

651
00:34:23,760 --> 00:34:26,799
Speaker 1: found this yesterday. This underscore is like how tone deaf

652
00:34:26,840 --> 00:34:28,719
Speaker 1: this is? Put us up there, which is that in

653
00:34:28,760 --> 00:34:32,560
Speaker 1: the UK, most people's mortgages reset every two to five years,

654
00:34:32,880 --> 00:34:36,040
Speaker 1: So that means one point four million homeowners in Britain

655
00:34:36,280 --> 00:34:39,800
Speaker 1: are soon going to see a massive monthly payment spike,

656
00:34:40,000 --> 00:34:43,439
Speaker 1: which they did not expect at all. Crystal, I don't

657
00:34:43,440 --> 00:34:45,600
Speaker 1: really know why fixed rate mortgages zone exist in the UK.

658
00:34:45,680 --> 00:34:47,680
Speaker 1: That's an interesting question kind of in its own right,

659
00:34:47,760 --> 00:34:50,200
Speaker 1: but that's just the system that they have over there.

660
00:34:50,200 --> 00:34:52,200
Speaker 1: So when you have a reset every two to five years,

661
00:34:52,400 --> 00:34:54,440
Speaker 1: well I don't think anybody thinks that rates are going

662
00:34:54,520 --> 00:34:57,160
Speaker 1: to come down two years from now. That means a

663
00:34:57,239 --> 00:34:59,759
Speaker 1: huge portion of the UK public is about to pay

664
00:35:00,080 --> 00:35:03,400
Speaker 1: a ton more in mortgages and in energy costs to

665
00:35:03,520 --> 00:35:06,560
Speaker 1: heat set homes. Like the fixed costs that these people

666
00:35:06,600 --> 00:35:09,400
Speaker 1: have are going to go up by like twenty thirty percent.

667
00:35:09,440 --> 00:35:12,719
Speaker 1: That's crazy when you also consider, I mean, think about

668
00:35:12,719 --> 00:35:14,680
Speaker 1: how much of their income already goes to taxes, So like,

669
00:35:14,760 --> 00:35:18,560
Speaker 1: their disposable income just took a huge haircut for events

670
00:35:18,560 --> 00:35:20,640
Speaker 1: that are totally out of their control, right out to

671
00:35:20,680 --> 00:35:22,920
Speaker 1: the government. And the answer from the government is, how

672
00:35:22,960 --> 00:35:26,040
Speaker 1: about we cut taxes for the wealthy? How love that?

673
00:35:26,080 --> 00:35:28,279
Speaker 1: Would that help you out? That feels good? So crazy,

674
00:35:28,400 --> 00:35:30,480
Speaker 1: Let's make sure those bankers are getting what they deserve.

675
00:35:30,600 --> 00:35:33,600
Speaker 1: I'm all right, it really is wild. I mean, when

676
00:35:33,600 --> 00:35:36,280
Speaker 1: I dug into the details of yesterday, I was actually

677
00:35:36,320 --> 00:35:39,600
Speaker 1: shocked because it did feel like such a throwback. I mean,

678
00:35:39,600 --> 00:35:41,919
Speaker 1: then again, it's not all that different from what Trump

679
00:35:42,000 --> 00:35:44,240
Speaker 1: did when he was in office with the Paul Ryan

680
00:35:44,560 --> 00:35:47,200
Speaker 1: suite of tax cuts, but it is pretty wild to

681
00:35:47,239 --> 00:35:49,759
Speaker 1: look at. And you know, you've had markets that are

682
00:35:49,800 --> 00:35:54,040
Speaker 1: really in turmoil around the world, and typically, you know,

683
00:35:54,200 --> 00:35:57,600
Speaker 1: usually in any country, there's sort of like a double

684
00:35:57,680 --> 00:36:00,359
Speaker 1: edged sword, like when their currency is strong, it's good

685
00:36:00,400 --> 00:36:02,480
Speaker 1: for some groups and bad for other groups, and when

686
00:36:02,520 --> 00:36:05,920
Speaker 1: it's weak, it's you know, vice versa. Typically, when you

687
00:36:06,160 --> 00:36:09,240
Speaker 1: currency is weak, you can sort of offset the problem

688
00:36:09,239 --> 00:36:12,399
Speaker 1: because oh then your exports are more in demand because

689
00:36:12,440 --> 00:36:15,239
Speaker 1: they're comparatively inexpensive, and so you can sort of like

690
00:36:15,280 --> 00:36:17,360
Speaker 1: make up for it by shipping more goods around the world.

691
00:36:17,880 --> 00:36:21,799
Speaker 1: But because you have either recession or mounting fears of

692
00:36:21,880 --> 00:36:24,480
Speaker 1: recession in a lot of quarters of the globe, you

693
00:36:24,560 --> 00:36:27,480
Speaker 1: also have decreased demand in a lot of places. So

694
00:36:27,840 --> 00:36:30,120
Speaker 1: that's not really helping them out at this point. So

695
00:36:30,640 --> 00:36:33,640
Speaker 1: in any case, it's just another sort of sign of

696
00:36:33,680 --> 00:36:37,680
Speaker 1: the procarity of the global financial system and of you know,

697
00:36:37,800 --> 00:36:41,280
Speaker 1: with a lot of potential ramifications for our own economy

698
00:36:41,320 --> 00:36:42,760
Speaker 1: here at home. And I'm going to take a look

699
00:36:43,120 --> 00:36:46,040
Speaker 1: at more of that in my monologue today. And a

700
00:36:46,040 --> 00:36:50,080
Speaker 1: lot of new signs that the FED policy is really

701
00:36:50,120 --> 00:36:53,000
Speaker 1: going too far, too fast and could cause a severe

702
00:36:53,239 --> 00:36:55,400
Speaker 1: recession here at home, so we're going to take a

703
00:36:55,400 --> 00:37:00,560
Speaker 1: look at that as well. At the same time, continues

704
00:37:00,600 --> 00:37:04,200
Speaker 1: to be mounting, you know, worker protests and worker strikes.

705
00:37:04,239 --> 00:37:06,040
Speaker 1: This one was really quite interesting to me. Let's go

706
00:37:06,040 --> 00:37:07,960
Speaker 1: ahead and put this up on the screen. You've got

707
00:37:07,960 --> 00:37:11,080
Speaker 1: a thousand fast food workers that have started an open

708
00:37:11,280 --> 00:37:16,560
Speaker 1: ended strike at San Francisco International Airport in protest of

709
00:37:16,840 --> 00:37:20,920
Speaker 1: understaffing travelers. They say should plan to bring their own food.

710
00:37:20,960 --> 00:37:23,640
Speaker 1: This is a statement from the union that represents these

711
00:37:23,640 --> 00:37:27,160
Speaker 1: workers as workers are on strike at virtually every food

712
00:37:27,200 --> 00:37:29,840
Speaker 1: and beverage outlet within the airport. I saw some video

713
00:37:29,920 --> 00:37:32,520
Speaker 1: that the union shared of, you know, true to their word,

714
00:37:32,840 --> 00:37:36,160
Speaker 1: almost everything shut down. The few locations that still had

715
00:37:36,200 --> 00:37:39,399
Speaker 1: food and workers you know, available to serve customers, there

716
00:37:39,400 --> 00:37:42,839
Speaker 1: were massive lines of people waiting. At the same time,

717
00:37:42,960 --> 00:37:45,919
Speaker 1: you've got other labor protests. These are mostly with flight

718
00:37:45,960 --> 00:37:49,560
Speaker 1: attendants that have spread to twenty one other airports. Those

719
00:37:49,600 --> 00:37:52,600
Speaker 1: are starting today and overall. I don't know if you

720
00:37:52,600 --> 00:37:54,560
Speaker 1: guys remember this from last year. We covered it quite

721
00:37:54,600 --> 00:37:56,920
Speaker 1: extensively at the time, we had what was called strike Tober,

722
00:37:56,960 --> 00:37:59,000
Speaker 1: where you had a bunch of labor unrest. It was

723
00:37:59,040 --> 00:38:01,560
Speaker 1: really the beginning of this sort of like new wave

724
00:38:01,600 --> 00:38:05,440
Speaker 1: of unionization and grassroots mobilization that has continued through to

725
00:38:05,480 --> 00:38:09,000
Speaker 1: this year. Looks like we're facing another significant uptick in

726
00:38:09,120 --> 00:38:11,480
Speaker 1: strikes coming into the fall. Let's go ahead and put

727
00:38:11,480 --> 00:38:14,640
Speaker 1: this report up from the Guardian. They say thousands of

728
00:38:14,640 --> 00:38:17,160
Speaker 1: workers around the US are going on strike or threatening

729
00:38:17,200 --> 00:38:20,000
Speaker 1: to do so heading into October, amid a recent surge

730
00:38:20,000 --> 00:38:22,760
Speaker 1: of labor action activity in America in just one month

731
00:38:22,840 --> 00:38:25,440
Speaker 1: before crucial mid term elections. Let me give you in

732
00:38:25,440 --> 00:38:27,440
Speaker 1: the numbers year, because you know, it's one thing to

733
00:38:27,480 --> 00:38:29,760
Speaker 1: anecdotally like something high profile, Oh my god, a thousand

734
00:38:29,800 --> 00:38:33,239
Speaker 1: workers on strike at the airport. But according to the

735
00:38:33,440 --> 00:38:38,120
Speaker 1: Labor Action Tracker that's kept by Cornell University, strikes in

736
00:38:38,160 --> 00:38:43,000
Speaker 1: twenty twenty two have significantly outpaced strikes in twenty twenty one.

737
00:38:43,640 --> 00:38:46,200
Speaker 1: So in the first six months of twenty twenty two,

738
00:38:46,600 --> 00:38:49,320
Speaker 1: we've had one hundred and eighty strikes that have involved

739
00:38:49,400 --> 00:38:54,040
Speaker 1: seventy eight thousand workers. That compares to in the first

740
00:38:54,080 --> 00:38:56,880
Speaker 1: six months of last year one hundred and two strikes

741
00:38:57,080 --> 00:39:00,440
Speaker 1: involving just twenty six thousand, five hundred workers seventy eight

742
00:39:00,440 --> 00:39:04,399
Speaker 1: thousand workers versus twenty six thousand, five hundred workers, And

743
00:39:04,800 --> 00:39:08,200
Speaker 1: strikes appear to be escalating as we head into the fall.

744
00:39:08,280 --> 00:39:11,719
Speaker 1: So it truly is a new era, the most sort

745
00:39:11,719 --> 00:39:16,000
Speaker 1: of active era of both labor organizing, worker protests and

746
00:39:16,120 --> 00:39:19,799
Speaker 1: worker strikes that I have experienced in my lifetime. Yeah,

747
00:39:19,840 --> 00:39:22,000
Speaker 1: it's actually crazy. And you know, producer James sent us

748
00:39:22,080 --> 00:39:25,920
Speaker 1: this morning that twenty one more airports are going to

749
00:39:25,960 --> 00:39:28,759
Speaker 1: be going on strike crystals. So these are protests, not

750
00:39:28,920 --> 00:39:33,600
Speaker 1: necessarily strikes, and it's mostly the flight attendant attendants who

751
00:39:33,640 --> 00:39:36,040
Speaker 1: are protesting there. So yeah, I mean there continues to be.

752
00:39:36,120 --> 00:39:38,719
Speaker 1: I mean, I can't blame them if, like, if the

753
00:39:38,760 --> 00:39:41,480
Speaker 1: traveler experience at the airports is at all representative what

754
00:39:41,560 --> 00:39:44,160
Speaker 1: the worker experiences. Can you imagine, Like it's one thing

755
00:39:44,200 --> 00:39:45,480
Speaker 1: when you have to go there for the flight and

756
00:39:45,560 --> 00:39:48,919
Speaker 1: experience the chaos when you're there working every single day

757
00:39:49,040 --> 00:39:51,640
Speaker 1: and you know, dealing with like people who are stressed

758
00:39:51,640 --> 00:39:54,560
Speaker 1: and harried, and then you're understaffed and you're underpaid. It's

759
00:39:54,640 --> 00:39:57,279
Speaker 1: I'm sure it's a nightmare scenario. It really does also

760
00:39:57,440 --> 00:39:59,759
Speaker 1: just expose like how big the problem is at very

761
00:39:59,760 --> 00:40:02,120
Speaker 1: st ructural level, which is that we have a pilot

762
00:40:02,200 --> 00:40:05,520
Speaker 1: shortage which is basically fake, like it's a financial scheme

763
00:40:05,840 --> 00:40:08,560
Speaker 1: of our own making from bailing out the airlines, force

764
00:40:08,640 --> 00:40:12,440
Speaker 1: retirements early and then licensure problems. I've just noticed this

765
00:40:12,760 --> 00:40:15,960
Speaker 1: at every step, So pilot shortage flight attendants as well.

766
00:40:16,080 --> 00:40:18,960
Speaker 1: You know, these people are getting treated terribly, like in

767
00:40:19,040 --> 00:40:23,120
Speaker 1: many cases, their schedules get changed, they're understaffing, it's either

768
00:40:23,160 --> 00:40:28,040
Speaker 1: causing them toy overwork, underpaid they're completely neglected whenever their

769
00:40:28,239 --> 00:40:31,400
Speaker 1: conditions are being considered. Then you also consider like the

770
00:40:31,440 --> 00:40:33,800
Speaker 1: people we already have a labor shortage in terms of

771
00:40:33,840 --> 00:40:36,120
Speaker 1: people working, fast food and all that. I mean, if

772
00:40:36,120 --> 00:40:38,399
Speaker 1: you've ever been in an airport, like people who are

773
00:40:38,480 --> 00:40:40,560
Speaker 1: working or who are trying to get fast food or

774
00:40:40,680 --> 00:40:43,000
Speaker 1: food you know, on time or whatever at the airport,

775
00:40:43,320 --> 00:40:44,960
Speaker 1: or if you've ever been in a Starbucks line in

776
00:40:45,040 --> 00:40:47,719
Speaker 1: an airport at like airport bring out the best in

777
00:40:47,840 --> 00:40:51,480
Speaker 1: humanity when you watch people lined up. There's like an

778
00:40:51,480 --> 00:40:53,960
Speaker 1: hour long line at Starbucks at six am. I'm not

779
00:40:54,000 --> 00:40:57,000
Speaker 1: speaking from personal experience, of course, there are some very

780
00:40:57,040 --> 00:40:59,920
Speaker 1: frayed emotions in the crowd, especially like I got to

781
00:41:00,040 --> 00:41:03,000
Speaker 1: that's my flight in thirty minutes? Is my caramel machiato

782
00:41:03,080 --> 00:41:05,680
Speaker 1: going to be ready on time? Like I've seen literally

783
00:41:05,719 --> 00:41:08,520
Speaker 1: people like crazy outbursts. So I don't blame these people

784
00:41:08,760 --> 00:41:11,560
Speaker 1: at all. So it just underscores to me about like

785
00:41:11,640 --> 00:41:16,400
Speaker 1: how much of critical parts of our society neglected, financialized

786
00:41:16,640 --> 00:41:21,239
Speaker 1: and in chaos for no reasons, like multifaceted reasons that

787
00:41:21,320 --> 00:41:23,799
Speaker 1: mostly have to do with greed of industry. And then

788
00:41:23,840 --> 00:41:25,879
Speaker 1: where's Pete Boodage edge? You know, at the same time,

789
00:41:25,960 --> 00:41:30,080
Speaker 1: like our transportation secretary is like out fundraising while our

790
00:41:30,160 --> 00:41:32,880
Speaker 1: airports are literally in chaos. The twenty one people, you know,

791
00:41:32,920 --> 00:41:35,560
Speaker 1: twenty one airports. You have labor protests that are being

792
00:41:35,640 --> 00:41:37,960
Speaker 1: planned even in London. You know, it's not just us,

793
00:41:38,000 --> 00:41:40,440
Speaker 1: like the whole industry is in chaos. I've fown you know,

794
00:41:40,480 --> 00:41:42,839
Speaker 1: a decent amount over the last two years, and it's

795
00:41:42,920 --> 00:41:45,960
Speaker 1: just a complete like that you can just feel that

796
00:41:46,040 --> 00:41:49,600
Speaker 1: things are not right and they should even though passenger

797
00:41:49,840 --> 00:41:52,920
Speaker 1: crystal are basically the same, but passenger numbers back. It's

798
00:41:52,920 --> 00:41:55,000
Speaker 1: just the airports, the TSA lines and everything else is

799
00:41:55,000 --> 00:41:58,919
Speaker 1: complete care total mass. Yeah, it's something that the rail

800
00:41:59,040 --> 00:42:02,200
Speaker 1: rotors have been scoring. Which is that And by the way,

801
00:42:02,480 --> 00:42:04,799
Speaker 1: you know, in spite of the mission accomplish rhetoric, still

802
00:42:04,920 --> 00:42:09,000
Speaker 1: very much a possibility of railroad workers going on strike

803
00:42:09,120 --> 00:42:13,480
Speaker 1: because the tentative agreement that was struck doesn't provide a

804
00:42:13,520 --> 00:42:16,040
Speaker 1: whole lot more to them. It's not really that much

805
00:42:16,040 --> 00:42:19,160
Speaker 1: more of an improvement. And what they're saying is like, yes, look,

806
00:42:19,239 --> 00:42:21,279
Speaker 1: this is about us in our quality of life, being

807
00:42:21,280 --> 00:42:22,920
Speaker 1: able to see our families, being able to go to

808
00:42:23,000 --> 00:42:25,080
Speaker 1: doctor's appointments, being able to get sick and not be

809
00:42:25,560 --> 00:42:27,879
Speaker 1: penalized for it and all of those things. But there's

810
00:42:27,880 --> 00:42:31,839
Speaker 1: also deeper issue here of like the reason we are

811
00:42:31,920 --> 00:42:36,640
Speaker 1: so overburdened is because these companies in search of profit

812
00:42:36,800 --> 00:42:40,439
Speaker 1: have really stripped things down to the bare bones. That's

813
00:42:40,440 --> 00:42:42,799
Speaker 1: a problem for us. But in all of this, you know,

814
00:42:42,840 --> 00:42:45,279
Speaker 1: ara of talk of supply chain breakdowns, like that's the

815
00:42:45,360 --> 00:42:48,160
Speaker 1: problem for the country as a whole. These are the

816
00:42:48,200 --> 00:42:51,640
Speaker 1: companies that are really making the supply chain so brittle

817
00:42:51,800 --> 00:42:56,600
Speaker 1: and so fragile and fragile and so ultimately dysfunctional. Like

818
00:42:56,680 --> 00:42:58,799
Speaker 1: that's what it comes down to. And then you see

819
00:42:58,800 --> 00:43:01,000
Speaker 1: the workers who are getting the short end of the

820
00:43:01,040 --> 00:43:03,560
Speaker 1: stick here. And so even though they you know, they

821
00:43:04,000 --> 00:43:07,080
Speaker 1: they strip their staff like it's like thirty percent over

822
00:43:07,120 --> 00:43:09,239
Speaker 1: the past decade or something crazy like that, and then

823
00:43:09,239 --> 00:43:11,759
Speaker 1: they just expect all the other workers to pick up

824
00:43:11,800 --> 00:43:14,359
Speaker 1: the slack. That's how this thing is running with like

825
00:43:14,520 --> 00:43:17,839
Speaker 1: you know, bubble gum and shoe string effectively to keep

826
00:43:17,880 --> 00:43:21,960
Speaker 1: it going. A critical, critical, critical part of our infrastructure

827
00:43:22,360 --> 00:43:25,600
Speaker 1: that farmers depend on for getting their products to market,

828
00:43:25,800 --> 00:43:29,239
Speaker 1: that you know, wastewater treatment facilities to pand on to

829
00:43:29,239 --> 00:43:32,200
Speaker 1: get the chemicals they need that regular consumers depend on,

830
00:43:32,239 --> 00:43:35,239
Speaker 1: that regular computers depend on, and we've left it to

831
00:43:35,239 --> 00:43:38,400
Speaker 1: the whims of this company, these companies, and so ultimately

832
00:43:38,760 --> 00:43:41,279
Speaker 1: the workers again they're fighting for themselves, but they're also

833
00:43:41,280 --> 00:43:43,239
Speaker 1: finding to say, like, this is a problem for all

834
00:43:43,280 --> 00:43:45,120
Speaker 1: of us. And I think that comes through especially when

835
00:43:45,160 --> 00:43:48,839
Speaker 1: you see these essential workers who really carry the weight

836
00:43:49,160 --> 00:43:52,680
Speaker 1: during the pandemic, kept the country running, and they're saying, look, guys,

837
00:43:53,040 --> 00:43:55,520
Speaker 1: we're not in a good position here for us personally,

838
00:43:55,600 --> 00:43:57,439
Speaker 1: and that means that the whole country isn't a bad

839
00:43:57,480 --> 00:44:00,480
Speaker 1: position ultimately. Yeah, no, I think that's exactly the right

840
00:44:00,520 --> 00:44:03,239
Speaker 1: way to put it. And yeah, it just demonstrates to

841
00:44:03,280 --> 00:44:06,720
Speaker 1: me like it's all in chaos for no particular reason,

842
00:44:06,880 --> 00:44:10,440
Speaker 1: and for all of the national politics like oh, you know,

843
00:44:10,560 --> 00:44:13,000
Speaker 1: January sixth, et cetera, Like this is the biggest story

844
00:44:13,040 --> 00:44:15,200
Speaker 1: and always has really over the last year. It really

845
00:44:15,239 --> 00:44:17,799
Speaker 1: is very ignored. Basically by that, I mean it takes

846
00:44:17,800 --> 00:44:20,320
Speaker 1: the railway guys almost going on strike for people to

847
00:44:20,360 --> 00:44:22,680
Speaker 1: take notice and have three minutes of airtime, but like

848
00:44:22,680 --> 00:44:25,759
Speaker 1: that right, and to give it extremely skewed coverage too,

849
00:44:25,880 --> 00:44:30,160
Speaker 1: by the way, to cover it late and very poorly Okay,

850
00:44:30,239 --> 00:44:32,440
Speaker 1: let's move on. This is an important story and one

851
00:44:32,440 --> 00:44:35,200
Speaker 1: that we covered pretty extensively at the time, so I

852
00:44:35,239 --> 00:44:37,480
Speaker 1: think it's important for people to get it an update

853
00:44:37,560 --> 00:44:41,680
Speaker 1: which really is contra to the mainstream narrative. And let's

854
00:44:41,680 --> 00:44:44,120
Speaker 1: put this up there on the screen from the Washington Post.

855
00:44:44,440 --> 00:44:48,400
Speaker 1: Career prosecutors at the Department of Justice have recommended to

856
00:44:48,560 --> 00:44:53,480
Speaker 1: leadership no charges for Matt Gates in the sex trafficking probe.

857
00:44:53,600 --> 00:44:57,680
Speaker 1: So you'll all remember, in November twenty twenty one, the

858
00:44:57,719 --> 00:45:00,680
Speaker 1: story broke from the New York Times based on sources

859
00:45:00,680 --> 00:45:04,560
Speaker 1: within the DOJ, the Gates was under investigation for sex trafficking,

860
00:45:04,800 --> 00:45:08,319
Speaker 1: specifically of a seventeen year old girl. Now, the way

861
00:45:08,360 --> 00:45:11,319
Speaker 1: that the theory was is that Gates had had sex

862
00:45:11,320 --> 00:45:13,840
Speaker 1: with a seventeen year old girl who was part of

863
00:45:13,880 --> 00:45:16,760
Speaker 1: a group of other girls who Gates and his scummy

864
00:45:16,800 --> 00:45:20,319
Speaker 1: friend like Joel Greenberg, who also happened to be some

865
00:45:20,360 --> 00:45:22,720
Speaker 1: sort of like tax official I think in Seminole County

866
00:45:22,719 --> 00:45:26,799
Speaker 1: in Florida, had taken these women on a vacation to

867
00:45:26,920 --> 00:45:30,000
Speaker 1: the Bahamas. Now, the reason that that would be sex

868
00:45:30,000 --> 00:45:33,160
Speaker 1: trafficking is that if you transport anybody who's under the

869
00:45:33,160 --> 00:45:35,799
Speaker 1: age of eighteen, across state lines and out of the

870
00:45:35,840 --> 00:45:39,000
Speaker 1: country for any purpose basically, and you have sex with them.

871
00:45:39,000 --> 00:45:42,719
Speaker 1: That is basically sex trafficking. Now, Now, according to what

872
00:45:42,800 --> 00:45:46,200
Speaker 1: we know from the facts available at this point, the

873
00:45:46,239 --> 00:45:48,640
Speaker 1: girl was actually eighteen years old when that happened, that

874
00:45:48,680 --> 00:45:51,960
Speaker 1: tripped to the Bahamas. That's what set off ring alarm rings.

875
00:45:52,040 --> 00:45:53,840
Speaker 1: So they were like, oh, well, what if this girl

876
00:45:54,040 --> 00:45:57,680
Speaker 1: was seventeen and had traveled under cross state lines prior

877
00:45:57,760 --> 00:45:59,680
Speaker 1: to that. That was part of the investigation. Well, what

878
00:45:59,719 --> 00:46:03,120
Speaker 1: the investigators now say is that they've been a unable

879
00:46:03,160 --> 00:46:05,960
Speaker 1: to determine if any of that actually happened, but b

880
00:46:06,440 --> 00:46:10,560
Speaker 1: that two of the main witnesses who are they relying

881
00:46:10,600 --> 00:46:14,880
Speaker 1: on in the case are said to be unreliable, specifically

882
00:46:15,239 --> 00:46:19,719
Speaker 1: this mister Greenberg. Greenberg apparently had been flipped by the

883
00:46:19,760 --> 00:46:24,280
Speaker 1: FEDS to provide information on Matt Gates, but his credibility

884
00:46:24,480 --> 00:46:27,080
Speaker 1: is the main charge on which this would rest if

885
00:46:27,120 --> 00:46:30,680
Speaker 1: they were to go forward with the prosecution against him. Additionally,

886
00:46:31,000 --> 00:46:33,799
Speaker 1: you'll also remember this the rays all came to light

887
00:46:34,600 --> 00:46:38,600
Speaker 1: was not only the leak about Gates exactly, It's about blackmails.

888
00:46:38,600 --> 00:46:40,440
Speaker 1: So let's go and put this next one up there

889
00:46:40,440 --> 00:46:42,680
Speaker 1: on the screen, and Gates to the fair was ridiculed

890
00:46:43,000 --> 00:46:46,040
Speaker 1: about this. It seems that he was correct, which is

891
00:46:46,080 --> 00:46:48,440
Speaker 1: that there was At the same time, there was a

892
00:46:48,440 --> 00:46:51,360
Speaker 1: man named Stephen Alford, who was a real estate developer,

893
00:46:51,600 --> 00:46:54,520
Speaker 1: who went to Don Gates, the father of Matt Gates,

894
00:46:54,800 --> 00:46:57,600
Speaker 1: and said, you need to pay me twenty five million

895
00:46:57,680 --> 00:47:00,880
Speaker 1: dollars or I'm going to expose your on as a

896
00:47:00,920 --> 00:47:05,760
Speaker 1: sex trafficker, because mister Alford had somehow gleaned that Gates

897
00:47:05,880 --> 00:47:09,960
Speaker 1: was under investigation for sex trafficking. Now this was that

898
00:47:10,080 --> 00:47:13,759
Speaker 1: he could provide a pardon. He was claiming that he

899
00:47:13,800 --> 00:47:16,600
Speaker 1: could get a pardon from President Trump. I don't know

900
00:47:16,640 --> 00:47:18,839
Speaker 1: why some real random real estate developer will be able

901
00:47:18,840 --> 00:47:21,359
Speaker 1: to a party, and it seems like Jaments might have

902
00:47:21,400 --> 00:47:24,319
Speaker 1: a better connect whatever. All right, anyway, he came to

903
00:47:24,400 --> 00:47:26,239
Speaker 1: him and said, pay me twenty five million or I'm

904
00:47:26,280 --> 00:47:29,560
Speaker 1: going to expose you and I can get a missing

905
00:47:29,719 --> 00:47:34,920
Speaker 1: FBI agent. That also he also said he had information

906
00:47:35,120 --> 00:47:37,839
Speaker 1: based on that missing FBI He was going to use

907
00:47:38,000 --> 00:47:40,960
Speaker 1: the twenty five million not for himself but to rescue

908
00:47:41,000 --> 00:47:44,120
Speaker 1: this guy. And Ron anyway, very confusing. It does turn

909
00:47:44,120 --> 00:47:47,080
Speaker 1: out to be true. He was prosecuted. He was convicted

910
00:47:47,320 --> 00:47:50,919
Speaker 1: of blackmailing Don Gates, and he has been sentenced last

911
00:47:50,960 --> 00:47:55,440
Speaker 1: week to five years in prison for the attempted extortion

912
00:47:55,920 --> 00:47:58,719
Speaker 1: of the congressman. And so, you know, I'm not a

913
00:47:58,760 --> 00:48:01,520
Speaker 1: big fan of Matt Gates over here, but it does

914
00:48:01,560 --> 00:48:05,760
Speaker 1: look crystal like he was completely railroaded by the FBI

915
00:48:05,880 --> 00:48:10,799
Speaker 1: and the DOJ who leaked selectively salacious details of the

916
00:48:10,880 --> 00:48:14,000
Speaker 1: case against him, basically tried him in the court of

917
00:48:14,000 --> 00:48:17,200
Speaker 1: public opinion. And you know, at the end of the day,

918
00:48:17,440 --> 00:48:20,560
Speaker 1: like he's not getting prosecuted because the people who were

919
00:48:20,640 --> 00:48:23,760
Speaker 1: alleging all of these like heinous things against him clearly

920
00:48:24,280 --> 00:48:27,680
Speaker 1: also have an axe grind and were themselves untrustworthy. Now,

921
00:48:27,719 --> 00:48:30,279
Speaker 1: could the congressman have avoid of all this by not

922
00:48:30,719 --> 00:48:34,680
Speaker 1: frequently going to parties with hanging out bookers and early

923
00:48:35,040 --> 00:48:38,919
Speaker 1: girls in his mid thirties and he's a member of Congress, Yeah,

924
00:48:38,960 --> 00:48:42,000
Speaker 1: he definitely could have. You know, it's a scumbag behavior.

925
00:48:42,320 --> 00:48:46,040
Speaker 1: But his body here, his good buddy here. Joel Greenberg

926
00:48:46,360 --> 00:48:50,600
Speaker 1: was indicted on sex trafficking of a child and financially

927
00:48:50,680 --> 00:48:53,040
Speaker 1: supporting people in exchange for sex, at least of one

928
00:48:53,120 --> 00:48:55,920
Speaker 1: of whom was an underage girl, and he's the one

929
00:48:55,960 --> 00:48:58,000
Speaker 1: who flipped. And the reason that they say he's not

930
00:48:58,040 --> 00:49:00,760
Speaker 1: credible is because he basically like admits to being a liar.

931
00:49:01,040 --> 00:49:03,400
Speaker 1: So and then the other person they said that this

932
00:49:03,440 --> 00:49:06,600
Speaker 1: would rely on is the girl I guess now woman herself,

933
00:49:07,040 --> 00:49:09,560
Speaker 1: and for reasons they don't get into, they say that

934
00:49:09,640 --> 00:49:13,400
Speaker 1: she also had credibility issues. So one thing that's interesting

935
00:49:13,480 --> 00:49:18,040
Speaker 1: to me is that the leaks about this came out

936
00:49:18,160 --> 00:49:22,279
Speaker 1: during the Trump administration and now it's the Biden administration

937
00:49:22,560 --> 00:49:25,719
Speaker 1: that actually is like, we're not going to try. Well.

938
00:49:25,760 --> 00:49:29,200
Speaker 1: I think it's because it became a cause celeb amongst

939
00:49:29,239 --> 00:49:32,200
Speaker 1: all these congressmens. So Nancy Pelosi had alluded to it.

940
00:49:32,200 --> 00:49:34,759
Speaker 1: It's look, Gates is obviously an odious guy, right, and

941
00:49:34,800 --> 00:49:37,160
Speaker 1: I think we can everyone, even as supporters, can admit.

942
00:49:37,520 --> 00:49:41,319
Speaker 1: And I actually think that relates to potentially why because

943
00:49:41,360 --> 00:49:44,879
Speaker 1: you see this with you see this with people who

944
00:49:44,880 --> 00:49:48,120
Speaker 1: are real assholes, which Gates he is. If we have

945
00:49:48,280 --> 00:49:53,360
Speaker 1: personal experience in that regard people, I would not be

946
00:49:53,440 --> 00:49:55,759
Speaker 1: surprised if it was actually people who are sort of

947
00:49:55,800 --> 00:50:00,680
Speaker 1: in his circle who are yeah, they hate I mean,

948
00:50:01,120 --> 00:50:04,280
Speaker 1: he's a very unlikable person. So you often see anytime

949
00:50:04,320 --> 00:50:06,600
Speaker 1: there's a chance to like stick the knife in somebody

950
00:50:06,680 --> 00:50:09,120
Speaker 1: like that, that's when you get these kind of like

951
00:50:09,400 --> 00:50:13,560
Speaker 1: leaks and like, you know, people trying to basically take

952
00:50:13,560 --> 00:50:16,319
Speaker 1: you down. So it wouldn't surprise me if I'm not

953
00:50:16,440 --> 00:50:18,799
Speaker 1: justifying that. I'm just saying, like, when I look at

954
00:50:18,840 --> 00:50:20,680
Speaker 1: the fact that the leaks actually came out of the

955
00:50:20,719 --> 00:50:24,440
Speaker 1: Trump administration DOJ, it wouldn't surprise me if it was

956
00:50:24,480 --> 00:50:27,600
Speaker 1: actually people who know him and hate him, who are

957
00:50:27,600 --> 00:50:30,239
Speaker 1: in those generals certainly true. So I mean, and I

958
00:50:30,320 --> 00:50:32,200
Speaker 1: just I think we should underscore that though, which is

959
00:50:32,320 --> 00:50:33,680
Speaker 1: put this up there, which is that you know, the

960
00:50:33,719 --> 00:50:36,399
Speaker 1: reporting on this came from the Times. It was leaks

961
00:50:36,440 --> 00:50:40,200
Speaker 1: from the highest levels of the DOJ, all to reporters

962
00:50:40,239 --> 00:50:43,120
Speaker 1: who had Russiagate leaks and more. And you know, this

963
00:50:43,160 --> 00:50:45,640
Speaker 1: is the issue with selective leaks out of the Department

964
00:50:45,680 --> 00:50:48,920
Speaker 1: of Justice against their political app no matter what it

965
00:50:48,960 --> 00:50:52,200
Speaker 1: comes from and for who, and people do deserve due process,

966
00:50:52,560 --> 00:50:57,120
Speaker 1: being you know, odious and annoying and every other adjective

967
00:50:57,160 --> 00:51:00,920
Speaker 1: I can think of, on top of participating and leccherous

968
00:51:01,160 --> 00:51:04,239
Speaker 1: behavior unbecoming of a public official. At the end of

969
00:51:04,280 --> 00:51:07,040
Speaker 1: the day, that is not illegal, and it was made

970
00:51:07,400 --> 00:51:09,880
Speaker 1: to be. He was made out to be a literal

971
00:51:09,920 --> 00:51:13,000
Speaker 1: sex trafficker such that his own colleagues like Eric Swallwell

972
00:51:13,040 --> 00:51:16,959
Speaker 1: and Nancy Pelosi and others were frequently attacking him as such.

973
00:51:17,000 --> 00:51:19,160
Speaker 1: Now you could call him a scumbag. I think that's

974
00:51:19,160 --> 00:51:22,239
Speaker 1: probably fair. And then you know what all the in

975
00:51:22,400 --> 00:51:24,640
Speaker 1: terms of the details that have come out and this,

976
00:51:24,760 --> 00:51:27,040
Speaker 1: but it is important and it is wrong, you know,

977
00:51:27,080 --> 00:51:29,319
Speaker 1: the way that I think that he was treated on this.

978
00:51:29,440 --> 00:51:31,040
Speaker 1: As much as it pains me to say it, but

979
00:51:31,120 --> 00:51:33,640
Speaker 1: that's look, people need to be treated equally in our system.

980
00:51:33,800 --> 00:51:38,160
Speaker 1: Do you think that the media given the leaks, because

981
00:51:38,160 --> 00:51:41,719
Speaker 1: to me, that's actually the bigger issue than I mean,

982
00:51:41,760 --> 00:51:44,000
Speaker 1: if you're a journalist in your hand of this story,

983
00:51:44,040 --> 00:51:45,840
Speaker 1: I think it's the journalists fault. I think it's the leakers.

984
00:51:45,880 --> 00:51:48,080
Speaker 1: I blame the DJ I do not blame them. I

985
00:51:48,120 --> 00:51:52,520
Speaker 1: mean reported ultimately about him being a subject to like investigating.

986
00:51:52,600 --> 00:51:55,440
Speaker 1: That's true, was accurate, and if you're given that story,

987
00:51:55,520 --> 00:51:58,359
Speaker 1: I don't think you can like sit on it. So yeah,

988
00:51:58,440 --> 00:52:01,160
Speaker 1: to me, it's the it's the that is really the

989
00:52:01,200 --> 00:52:04,040
Speaker 1: problem here. Yeah, I completely agree. I do think it

990
00:52:04,120 --> 00:52:05,759
Speaker 1: was wrong. What they did to him. All right, let's

991
00:52:05,760 --> 00:52:08,160
Speaker 1: move on. New York Times are speaking of the New

992
00:52:08,239 --> 00:52:10,600
Speaker 1: York Times. This is an important story because it actually

993
00:52:10,640 --> 00:52:15,160
Speaker 1: just demonstrates how propaganda gets recycled, used by the people

994
00:52:15,200 --> 00:52:18,359
Speaker 1: of power and everybody gland hands each other. So there

995
00:52:18,440 --> 00:52:20,880
Speaker 1: was an interesting story in the New York Times on

996
00:52:20,960 --> 00:52:23,200
Speaker 1: the front page of the paper yesterday. Let's put this

997
00:52:23,280 --> 00:52:26,640
Speaker 1: up there on the screen. The title Factory jobs are

998
00:52:26,680 --> 00:52:30,960
Speaker 1: booming like it's the nineteen seventies. Sub quote, US manufacturing

999
00:52:31,000 --> 00:52:34,600
Speaker 1: is experiencing rebound. Companies are adding workers amid high consumer

1000
00:52:34,680 --> 00:52:37,879
Speaker 1: demand for products. Now the lead of the story makes

1001
00:52:37,920 --> 00:52:41,560
Speaker 1: it seem like there's some major transformation of the US economy,

1002
00:52:42,160 --> 00:52:44,759
Speaker 1: he said. Quote. Ever since American manufacturing entered a long

1003
00:52:44,800 --> 00:52:47,920
Speaker 1: stretch of automation, every recession has led to losses, but

1004
00:52:48,000 --> 00:52:51,240
Speaker 1: the recovery has been different. American manufacturers have now added

1005
00:52:51,360 --> 00:52:54,600
Speaker 1: enough jobs to regain all that they shed and then some.

1006
00:52:55,040 --> 00:52:58,520
Speaker 1: So when he says that factory jobs are booming, really

1007
00:52:58,600 --> 00:53:02,239
Speaker 1: what they're saying, Crystal is after the artificial recession of

1008
00:53:02,280 --> 00:53:06,040
Speaker 1: twenty twenty induced by COVID lockdowns, that all of the

1009
00:53:06,160 --> 00:53:09,880
Speaker 1: jobs that were artificially lost as a result of lockdown

1010
00:53:10,160 --> 00:53:13,520
Speaker 1: are now back to pre pandemic levels. Now, it's not

1011
00:53:13,640 --> 00:53:17,000
Speaker 1: a boom. If you revert to the baseline, that would

1012
00:53:17,000 --> 00:53:20,920
Speaker 1: be like saying that we've been booming because gas prices

1013
00:53:20,960 --> 00:53:23,799
Speaker 1: are back to twenty nineteen levels. It's like, no, no, no,

1014
00:53:23,840 --> 00:53:25,960
Speaker 1: that's the goal. That's what you want in order to

1015
00:53:26,040 --> 00:53:30,240
Speaker 1: normalize post crisis. So they write this whole long story

1016
00:53:30,280 --> 00:53:32,239
Speaker 1: and by the way, that's a fine story too that

1017
00:53:32,440 --> 00:53:36,160
Speaker 1: you could use the headline factory jobs return to twenty

1018
00:53:36,239 --> 00:53:39,040
Speaker 1: and twenty levels. Everyone would be like, Okay, well, that's

1019
00:53:39,040 --> 00:53:42,640
Speaker 1: not though, what they're claiming. They're claiming some massive remaking.

1020
00:53:42,760 --> 00:53:46,080
Speaker 1: They are claiming that the spike that we see if

1021
00:53:46,120 --> 00:53:48,279
Speaker 1: you cut it off at the right point, is the

1022
00:53:48,320 --> 00:53:52,879
Speaker 1: same as a boom of US manufacturing since the nineteen seventies. Now,

1023
00:53:52,880 --> 00:53:55,960
Speaker 1: they correctly point out that the reason that factory jobs

1024
00:53:56,120 --> 00:53:59,520
Speaker 1: quote unquote are coming back as after the artificial recession

1025
00:53:59,520 --> 00:54:04,680
Speaker 1: of twenty two is Yes, consumer demand exists, supply chain problems,

1026
00:54:04,680 --> 00:54:07,000
Speaker 1: all of that, but to cast it as some sort

1027
00:54:07,040 --> 00:54:11,040
Speaker 1: of massive transformation of the US economy is just completely incorrect.

1028
00:54:11,480 --> 00:54:14,600
Speaker 1: And yet this is being seized on by the administration

1029
00:54:15,040 --> 00:54:18,480
Speaker 1: and pushed out as propaganda for how they're like the

1030
00:54:18,520 --> 00:54:21,160
Speaker 1: greatest people to ever hold in the Oval Office, White

1031
00:54:21,160 --> 00:54:23,680
Speaker 1: House Chief of Staff Ron claim, immediately, let's put this

1032
00:54:23,760 --> 00:54:26,680
Speaker 1: up there. Quote he says, of the story, not an accident,

1033
00:54:26,800 --> 00:54:30,200
Speaker 1: not happenstance, the consequence of a Biden Harris economic plan,

1034
00:54:30,400 --> 00:54:34,520
Speaker 1: with quote made in America at its heart. Now, look again,

1035
00:54:34,680 --> 00:54:38,440
Speaker 1: you could claim we recovered, we're doing well, we have

1036
00:54:38,520 --> 00:54:41,759
Speaker 1: more ground to make, But again, the story and the

1037
00:54:41,800 --> 00:54:46,040
Speaker 1: way it's cast just completely belie the facts on the ground.

1038
00:54:46,200 --> 00:54:49,440
Speaker 1: And our friend Jeff Stein, in a bit of a subtweet,

1039
00:54:49,800 --> 00:54:51,759
Speaker 1: put this out and I won't speak on his behalf.

1040
00:54:51,760 --> 00:54:53,320
Speaker 1: I was gonna say this. This is all he tweeted.

1041
00:54:53,400 --> 00:54:57,520
Speaker 1: He tweeted out the actual US manufacturing graph since the

1042
00:54:57,560 --> 00:55:00,600
Speaker 1: nineteen seventies. I mean, for those who are just listening,

1043
00:55:00,920 --> 00:55:04,160
Speaker 1: you can see that from nineteen forty to twenty twenty

1044
00:55:04,320 --> 00:55:07,520
Speaker 1: that we have seen a massive drop off from the

1045
00:55:07,600 --> 00:55:11,600
Speaker 1: nineteen seventies to nineteen eighties period. Now compare the boom

1046
00:55:11,680 --> 00:55:14,799
Speaker 1: for those who are watching, of the precipitous increase from

1047
00:55:14,840 --> 00:55:17,440
Speaker 1: the nineteen seventy baseline to where things ended in the

1048
00:55:17,520 --> 00:55:21,040
Speaker 1: nineteen eighties, and then take a look once again, and

1049
00:55:21,160 --> 00:55:25,720
Speaker 1: how we have just renormalized to a twenty twenty baseline

1050
00:55:25,760 --> 00:55:31,160
Speaker 1: after the terrible year of the COVID pandemic. It's just

1051
00:55:31,360 --> 00:55:35,680
Speaker 1: plain as day to describe like some sort of quote boom,

1052
00:55:35,960 --> 00:55:39,440
Speaker 1: when in reality the precipitous dropped from nineteen eighty to

1053
00:55:39,520 --> 00:55:42,600
Speaker 1: twenty twenty, which at twenty twenty two remains the real

1054
00:55:42,680 --> 00:55:45,279
Speaker 1: manufacturing story. I just don't think you can describe this

1055
00:55:45,320 --> 00:55:49,080
Speaker 1: as anything else than complete propaganda crystal for the White

1056
00:55:49,120 --> 00:55:52,160
Speaker 1: House on behalf of the New York Times, like basically

1057
00:55:52,200 --> 00:55:55,080
Speaker 1: rewriting economic history. It's completely It's just wrong. It's a

1058
00:55:55,080 --> 00:55:57,279
Speaker 1: wrong story. There's a lot you can look into with

1059
00:55:57,360 --> 00:55:59,759
Speaker 1: this graph too. I mean way that graph is a

1060
00:55:59,800 --> 00:56:02,000
Speaker 1: story of America. It really is. The way that it

1061
00:56:02,120 --> 00:56:05,200
Speaker 1: falls off a cliff after PNTR. Yeah, well, for those

1062
00:56:05,200 --> 00:56:08,440
Speaker 1: who don't know, pntr's permanent normal trade relations with China

1063
00:56:08,719 --> 00:56:12,480
Speaker 1: basically allowed you know, lower tariffs on China, allowed Chinese

1064
00:56:12,600 --> 00:56:16,239
Speaker 1: entry into the WTO and effectively destroyed the American manufacturing

1065
00:56:16,840 --> 00:56:20,360
Speaker 1: all industry, especially cars and soveral others. Yep, And I

1066
00:56:20,400 --> 00:56:23,200
Speaker 1: mean it's not the only story. There's also is the

1067
00:56:23,239 --> 00:56:26,400
Speaker 1: story of like you know, automation where you need fewer

1068
00:56:26,440 --> 00:56:28,799
Speaker 1: workers to do the amount of work. Like, that's part

1069
00:56:28,840 --> 00:56:30,799
Speaker 1: of it, and after these trade deals are another part

1070
00:56:30,800 --> 00:56:33,319
Speaker 1: of it. But when you look at this graph, that

1071
00:56:33,440 --> 00:56:36,920
Speaker 1: year two thousand really does seem to stand out in

1072
00:56:37,000 --> 00:56:41,080
Speaker 1: terms of the massive decimation of you know, of the

1073
00:56:41,120 --> 00:56:44,200
Speaker 1: factories of America. And then you know that leads to

1074
00:56:44,320 --> 00:56:48,440
Speaker 1: then you've got the financial crash that creates another massive

1075
00:56:48,520 --> 00:56:52,880
Speaker 1: drop off in the graph year and then low and hold,

1076
00:56:52,960 --> 00:56:55,279
Speaker 1: you get you know, trump Ism, and you get like

1077
00:56:55,800 --> 00:56:58,920
Speaker 1: a lot of chaos in our political system, and you know,

1078
00:56:59,000 --> 00:57:02,239
Speaker 1: anyone looking like neutral observer looking from the outside, it's

1079
00:57:02,239 --> 00:57:06,840
Speaker 1: pretty clear what happened here. But yeah, to paint the

1080
00:57:06,880 --> 00:57:09,839
Speaker 1: return of the factory jobs that had just like gone

1081
00:57:09,840 --> 00:57:13,799
Speaker 1: away during the pandemic as some sort of massive reimagining

1082
00:57:13,880 --> 00:57:18,400
Speaker 1: of the economy is just really quite farcical. The Biden

1083
00:57:18,400 --> 00:57:20,600
Speaker 1: administration has done a few things that I think will

1084
00:57:20,600 --> 00:57:23,440
Speaker 1: overall be beneficial. I think, you know, provisions that they

1085
00:57:23,480 --> 00:57:25,760
Speaker 1: put into place of like the government has to they

1086
00:57:25,800 --> 00:57:28,160
Speaker 1: sort of harden some of the rules about the government

1087
00:57:28,240 --> 00:57:30,520
Speaker 1: having to buy products that are made in America. There

1088
00:57:30,520 --> 00:57:33,040
Speaker 1: are some provisions I think in the inflation reduction act

1089
00:57:33,080 --> 00:57:35,920
Speaker 1: that might be useful the Chipsacks, certainly specifically with regards

1090
00:57:35,960 --> 00:57:39,240
Speaker 1: to semiconductors, hopefully is going to pay off and be useful.

1091
00:57:39,320 --> 00:57:43,960
Speaker 1: But to claim mission accomplished victory here is really quite

1092
00:57:44,760 --> 00:57:47,840
Speaker 1: quite something. And for the New York Times to frame

1093
00:57:47,880 --> 00:57:51,320
Speaker 1: it in this way as like booming like the nineteen seventies,

1094
00:57:51,840 --> 00:57:55,920
Speaker 1: while in the nineteen seventies you had like thousands of persons.

1095
00:57:55,960 --> 00:57:58,720
Speaker 1: So there it's up at nineteen and now it's down

1096
00:57:58,760 --> 00:58:04,080
Speaker 1: at thirteen. I mean, this is yeah, it's quite something,

1097
00:58:04,280 --> 00:58:07,040
Speaker 1: quite something. I mean it Look, you could again say

1098
00:58:07,080 --> 00:58:09,440
Speaker 1: we've come back to baseline. You could say a lot

1099
00:58:09,480 --> 00:58:11,800
Speaker 1: of things. We also, if this happened under Trump, it'd

1100
00:58:11,840 --> 00:58:16,360
Speaker 1: be like economy returns. Just it's just complete bs. They

1101
00:58:16,360 --> 00:58:19,720
Speaker 1: could have reported the entire story without the frame that

1102
00:58:19,760 --> 00:58:22,960
Speaker 1: they needed to overreach, and ultimately that's what they did.

1103
00:58:23,000 --> 00:58:24,800
Speaker 1: Anybody who knows, you know, anybody who can read a

1104
00:58:24,880 --> 00:58:27,600
Speaker 1: chart and knows that it's completely farcical and ridiculous. But

1105
00:58:27,640 --> 00:58:29,120
Speaker 1: I thought it was important that we pointed out a

1106
00:58:29,280 --> 00:58:32,160
Speaker 1: because the discussion of why manufacturer dropped in the US

1107
00:58:32,200 --> 00:58:34,880
Speaker 1: and where we actually are is a very important story.

1108
00:58:35,000 --> 00:58:36,800
Speaker 1: I would love for us to boom like the nineteen

1109
00:58:36,840 --> 00:58:39,040
Speaker 1: seventies and go all the way back up. That would

1110
00:58:39,120 --> 00:58:43,680
Speaker 1: require like a trillion dollar investment, completely rechanging our trade laws,

1111
00:58:43,960 --> 00:58:45,920
Speaker 1: changing our form pot Like, Yeah, there's so much that

1112
00:58:45,920 --> 00:58:49,440
Speaker 1: it would need, real industrial policy on a nationwide scale,

1113
00:58:49,760 --> 00:58:53,560
Speaker 1: not just specific to one little industry. We are like

1114
00:58:54,040 --> 00:59:00,320
Speaker 1: barely dipping our toes in any of that at this point. Correct, All, right,

1115
00:59:00,360 --> 00:59:02,040
Speaker 1: talk what are you looking at? Well, if you were

1116
00:59:02,080 --> 00:59:03,959
Speaker 1: to ask me what I love most about this job,

1117
00:59:04,040 --> 00:59:06,360
Speaker 1: at a basic level, it's really just helping people fill

1118
00:59:06,360 --> 00:59:08,960
Speaker 1: in the blanks to fundamental truths that they obviously know

1119
00:59:09,080 --> 00:59:12,280
Speaker 1: to be true. Washington is corrupt, The media is biased.

1120
00:59:12,520 --> 00:59:14,400
Speaker 1: It's one of those things that we all know, but

1121
00:59:14,440 --> 00:59:16,320
Speaker 1: that those who don't live or work here have very

1122
00:59:16,400 --> 00:59:20,120
Speaker 1: trouble finding specific examples. If those who don't believe those

1123
00:59:20,160 --> 00:59:23,000
Speaker 1: things have actually ever had to confront them, it would

1124
00:59:23,000 --> 00:59:25,680
Speaker 1: be game over for them today. It's about the media

1125
00:59:25,720 --> 00:59:28,600
Speaker 1: and the subject that I've covered before, the perverse, disgusting,

1126
00:59:28,640 --> 00:59:31,320
Speaker 1: and common practice of so called flagship journalists in this

1127
00:59:31,400 --> 00:59:34,480
Speaker 1: country not only cozying up to people in power, but

1128
00:59:34,600 --> 00:59:37,360
Speaker 1: actively covering for them. One of the open secrets in

1129
00:59:37,480 --> 00:59:40,160
Speaker 1: Washington over the last forty years was the friendship and

1130
00:59:40,280 --> 00:59:44,480
Speaker 1: relationship between NPR Supreme Court reporter Nina Tottenberg and the

1131
00:59:44,600 --> 00:59:48,880
Speaker 1: now late Justice Ruth Bader Ginsburg. Totenberg worked at NPR

1132
00:59:49,000 --> 00:59:51,960
Speaker 1: and has worked there since nineteen seventy five. Over the years,

1133
00:59:51,960 --> 00:59:54,000
Speaker 1: she's broken some of the biggest scoops in the history

1134
00:59:54,000 --> 00:59:56,360
Speaker 1: of the Supreme Court. The story that Ronald Reagan was

1135
00:59:56,360 --> 00:59:59,959
Speaker 1: going to appoint Justice William Renquist's chief Justice. She broke

1136
01:00:00,000 --> 01:00:02,160
Speaker 1: the story that one of Reagan's appointees and smitted to

1137
01:00:02,200 --> 01:00:05,080
Speaker 1: smoking weed in the nineteen sixties, big deal at the time.

1138
01:00:05,280 --> 01:00:07,960
Speaker 1: The biggest story of all was Clarence Thomas and Anita

1139
01:00:08,040 --> 01:00:11,280
Speaker 1: Hill in the nineteen nineties. She's considered a massive star,

1140
01:00:11,440 --> 01:00:14,760
Speaker 1: an icon, yet beneath it was an open secret as

1141
01:00:14,760 --> 01:00:17,240
Speaker 1: she was breaking big stories, she was good friends with

1142
01:00:17,280 --> 01:00:19,520
Speaker 1: the people that she covered that burst to the four.

1143
01:00:19,640 --> 01:00:23,400
Speaker 1: In the year two thousand, Totenberg's wedding was literally presided

1144
01:00:23,480 --> 01:00:26,960
Speaker 1: over Justice Ruth Bader Ginsburg. Everyone thought it was weird,

1145
01:00:27,160 --> 01:00:29,680
Speaker 1: but her defender said, hey, if you call that into

1146
01:00:29,760 --> 01:00:33,560
Speaker 1: question her journalistic ethics, you're a sexist. Even then, it

1147
01:00:33,600 --> 01:00:36,760
Speaker 1: was a potent attack, so official Washington just moved on

1148
01:00:37,560 --> 01:00:41,080
Speaker 1: at least until now, twenty two years later, Totenberg is

1149
01:00:41,120 --> 01:00:44,080
Speaker 1: nearly eighty years old, Ginsburg is dead, and now some

1150
01:00:44,120 --> 01:00:47,000
Speaker 1: people are finally willing to say, yeah, you know, that

1151
01:00:47,200 --> 01:00:50,120
Speaker 1: was all pretty messed up. And what's even crazier is

1152
01:00:50,160 --> 01:00:53,000
Speaker 1: she has no shame about the whole situation. She recently

1153
01:00:53,000 --> 01:00:55,600
Speaker 1: published a book called Dinners with Ruth, in which she

1154
01:00:55,680 --> 01:00:58,560
Speaker 1: goes through her forty year friendship with the late justice

1155
01:00:58,840 --> 01:01:02,000
Speaker 1: openly admits, as the Politico editor Michael Schaeffer writes, that

1156
01:01:02,080 --> 01:01:05,280
Speaker 1: she had inside knowledge about Ginsburg's health that she did

1157
01:01:05,320 --> 01:01:08,400
Speaker 1: not report to the nation. Totenberg revealed that during the

1158
01:01:08,400 --> 01:01:11,920
Speaker 1: COVID lockdown, the only place that RBG would go to

1159
01:01:12,040 --> 01:01:16,840
Speaker 1: break quarantine was Totenberg's house for a weekly Saturday dinner.

1160
01:01:17,120 --> 01:01:19,440
Speaker 1: In the July twenty twenty she was so weak she

1161
01:01:19,440 --> 01:01:21,800
Speaker 1: could not even climb upstairs. She could not make it

1162
01:01:21,840 --> 01:01:24,000
Speaker 1: through a meal without falling asleep, and she had to

1163
01:01:24,080 --> 01:01:27,160
Speaker 1: wear gloves to cover up massive bruises on her hands

1164
01:01:27,360 --> 01:01:30,560
Speaker 1: as a result of IV's that she needed. Totenberg writes

1165
01:01:30,600 --> 01:01:34,120
Speaker 1: that RBG openly acknowledged her own mortality and thought she

1166
01:01:34,200 --> 01:01:36,560
Speaker 1: was going to die near the end, and all of

1167
01:01:36,560 --> 01:01:40,240
Speaker 1: this is a painful memory one friend of another. The problem, though,

1168
01:01:40,320 --> 01:01:44,000
Speaker 1: is during that period she did not report one word

1169
01:01:44,400 --> 01:01:46,560
Speaker 1: of these things she knew to be true, so when

1170
01:01:46,560 --> 01:01:49,760
Speaker 1: she died. When RBG died, the world was shocked. Nobody

1171
01:01:49,840 --> 01:01:52,320
Speaker 1: knew how sick she really was, except for her medical

1172
01:01:52,360 --> 01:01:55,280
Speaker 1: team and her closest friend, who just so happened to

1173
01:01:55,320 --> 01:01:59,520
Speaker 1: be the country's premier Supreme Court reporter. If Totenberg wanted

1174
01:01:59,520 --> 01:02:02,480
Speaker 1: to just be her friend, that's fine, then resigned from

1175
01:02:02,520 --> 01:02:05,760
Speaker 1: your job and focus on that. Yet she continues then

1176
01:02:05,920 --> 01:02:09,640
Speaker 1: and now to maintain she did absolutely nothing wrong. There

1177
01:02:09,680 --> 01:02:12,600
Speaker 1: was nothing untoward about her relationship with RBG. When we

1178
01:02:12,720 --> 01:02:14,800
Speaker 1: now know that she sat on one of the biggest

1179
01:02:14,800 --> 01:02:18,120
Speaker 1: stories in the political world, it gets worse. Her own

1180
01:02:18,160 --> 01:02:21,600
Speaker 1: personal conduct is one matter. The bigger problem was NPR

1181
01:02:21,760 --> 01:02:24,640
Speaker 1: knew about it for forty years and didn't say anything

1182
01:02:24,840 --> 01:02:28,200
Speaker 1: till RBG was dead, The outlet finally acknowledged in September

1183
01:02:28,240 --> 01:02:31,120
Speaker 1: twenty twenty. They probably should have revealed the friendship earlier,

1184
01:02:31,360 --> 01:02:34,040
Speaker 1: where it was never once even disclosed though to NPR

1185
01:02:34,120 --> 01:02:36,640
Speaker 1: listeners or readers, and also was well known to those

1186
01:02:36,640 --> 01:02:39,800
Speaker 1: on the inside in the newsroom. Again, this was not

1187
01:02:39,880 --> 01:02:43,440
Speaker 1: reckoned with once until RBG was actually gone. The story

1188
01:02:43,480 --> 01:02:46,400
Speaker 1: and the impact of the insider connection was then revealed.

1189
01:02:46,760 --> 01:02:49,000
Speaker 1: What I found most funny was the reaction of one

1190
01:02:49,000 --> 01:02:51,760
Speaker 1: PR's NPR listener. He put two and two together when

1191
01:02:51,800 --> 01:02:54,600
Speaker 1: Toberg finally did fess up to her friendship with Ginsburg,

1192
01:02:54,800 --> 01:02:57,080
Speaker 1: and he wrote in quote, the story about her long

1193
01:02:57,120 --> 01:03:00,320
Speaker 1: friendship with RBG makes me very uncomfortable. As far as

1194
01:03:00,320 --> 01:03:03,360
Speaker 1: I'm concerned. Both women practice their professions with integrity in

1195
01:03:03,480 --> 01:03:05,720
Speaker 1: old time value that is being questioned these days. The

1196
01:03:05,800 --> 01:03:09,280
Speaker 1: thing is, though, how much of this social incestuousness exists

1197
01:03:09,280 --> 01:03:13,680
Speaker 1: in DC? Yes? How much? Indeed? The truth is Topberg

1198
01:03:13,720 --> 01:03:16,520
Speaker 1: style relationships between political reporters and the people they cover

1199
01:03:16,800 --> 01:03:19,960
Speaker 1: is probably exactly the same today, probably just less bipartisan

1200
01:03:19,960 --> 01:03:22,440
Speaker 1: and skewed a little bit more towards Democrats. All of this,

1201
01:03:22,560 --> 01:03:25,120
Speaker 1: I guess, would be okay if people would just admit

1202
01:03:25,200 --> 01:03:27,920
Speaker 1: it be an issue, though, remains one that plagued Totenberg.

1203
01:03:28,240 --> 01:03:31,080
Speaker 1: The DC press want us to believe they're just calling

1204
01:03:31,120 --> 01:03:34,120
Speaker 1: balls and strikes. Anyone with the brain, though, knows this

1205
01:03:34,320 --> 01:03:39,360
Speaker 1: complete and total bs despite readings of evidence to the contrary,

1206
01:03:39,480 --> 01:03:42,040
Speaker 1: they will scream it at you. Until they're blue in

1207
01:03:42,040 --> 01:03:44,360
Speaker 1: the face. I guess the only silver lining is that

1208
01:03:44,400 --> 01:03:47,240
Speaker 1: because of the Internet, people finally have alternatives. And I'm

1209
01:03:47,240 --> 01:03:48,840
Speaker 1: just going to end by pointing to how this problem

1210
01:03:48,920 --> 01:03:50,880
Speaker 1: has not been fixed at all, and if anything at

1211
01:03:50,920 --> 01:03:54,000
Speaker 1: an institutional level is really getting worse. Because I am

1212
01:03:54,000 --> 01:03:56,320
Speaker 1: a former member, I pay attention to the White House

1213
01:03:56,320 --> 01:03:59,400
Speaker 1: Correspondence Association, so I took interest when they announced that

1214
01:03:59,400 --> 01:04:01,840
Speaker 1: because Katelyn Collins is headed to the Mornings on CNN

1215
01:04:02,080 --> 01:04:05,440
Speaker 1: in twenty twenty four, Politico's Eugene Daniels will helm the

1216
01:04:05,520 --> 01:04:10,320
Speaker 1: organization well insider Washington News. I guess unless you know

1217
01:04:10,440 --> 01:04:13,120
Speaker 1: like I do, that Daniels has long been awoke and

1218
01:04:13,160 --> 01:04:16,080
Speaker 1: anning force at Politico. Who is going to head up

1219
01:04:16,080 --> 01:04:18,600
Speaker 1: the WACA in the middle of what I'm sure is

1220
01:04:18,640 --> 01:04:21,680
Speaker 1: to be a pretty consequential election, whichever way it goes.

1221
01:04:21,960 --> 01:04:24,560
Speaker 1: The Daily Beast reported that Daniels frequently clashed with his

1222
01:04:24,640 --> 01:04:26,960
Speaker 1: friend of our show, Tara Palmery when she was over

1223
01:04:27,040 --> 01:04:30,320
Speaker 1: there because he wanted quote more social justice issues to

1224
01:04:30,400 --> 01:04:33,400
Speaker 1: be at the forefront of their coverage. Worse, Daniels is

1225
01:04:33,440 --> 01:04:39,320
Speaker 1: apparently known inside the political newsroom for quote friendly coverage

1226
01:04:39,560 --> 01:04:43,040
Speaker 1: and intimate relationships with the Vice President, Kamala Harris and

1227
01:04:43,120 --> 01:04:46,400
Speaker 1: those around her. If you peruse the byeline, you see

1228
01:04:46,440 --> 01:04:48,960
Speaker 1: all sorts of hay geographic treatment of one of the

1229
01:04:49,080 --> 01:04:53,960
Speaker 1: worst politicians in Washington. This type of personal advocacy journalism,

1230
01:04:54,280 --> 01:04:58,560
Speaker 1: it's just Nina Totenberg syndrome by another name, insider treatment,

1231
01:04:58,880 --> 01:05:02,240
Speaker 1: letting bias bleed, supposedly straight news coverage, and all of

1232
01:05:02,360 --> 01:05:05,280
Speaker 1: us are just supposed to say it's totally fine. Well,

1233
01:05:05,280 --> 01:05:07,880
Speaker 1: I'm here to say it's actually not fine. It's disgusting.

1234
01:05:07,920 --> 01:05:11,640
Speaker 1: It's blatantly corrupt, and not only that anyone cares. When

1235
01:05:11,680 --> 01:05:14,680
Speaker 1: the eventual death of the mainstream media does come, we

1236
01:05:14,800 --> 01:05:17,440
Speaker 1: will look back on the people like this and will

1237
01:05:17,520 --> 01:05:20,400
Speaker 1: know exactly why it happened. I thought it was important

1238
01:05:20,400 --> 01:05:22,840
Speaker 1: to also a point to the future. Is Eugene Daniels

1239
01:05:22,880 --> 01:05:24,360
Speaker 1: give me the new and if you want to hear

1240
01:05:24,640 --> 01:05:28,120
Speaker 1: my reaction to Sager's monologue, become a premium subscriber today

1241
01:05:28,240 --> 01:05:33,200
Speaker 1: at Breakingpoints dot com. Christl what do you take a

1242
01:05:33,240 --> 01:05:35,520
Speaker 1: look at? Well, guys, there's a pretty wild moment on

1243
01:05:35,640 --> 01:05:38,480
Speaker 1: CNBC the other day. As a wortant professor of finance,

1244
01:05:38,560 --> 01:05:42,960
Speaker 1: Jeremy Siegel absolutely lost it over FED Reserve Chair Jerome

1245
01:05:43,000 --> 01:05:46,160
Speaker 1: Palsley's press conference and the total unwillingness of the business

1246
01:05:46,200 --> 01:05:48,959
Speaker 1: press to question his actions at all. Take a listen,

1247
01:05:49,560 --> 01:05:53,240
Speaker 1: I think, honest week, we're giving him too much of

1248
01:05:53,320 --> 01:05:56,240
Speaker 1: a you know, oh good, he's standing against inflation. We're

1249
01:05:56,280 --> 01:05:57,920
Speaker 1: giving him too much freight. I mean, this is the

1250
01:05:58,120 --> 01:06:01,880
Speaker 1: fad has just you know, Exico the last two years

1251
01:06:01,960 --> 01:06:04,680
Speaker 1: one of the biggest policy mistakes in the one hundred

1252
01:06:04,680 --> 01:06:08,000
Speaker 1: and ten year history of the FED, by staying so

1253
01:06:08,400 --> 01:06:11,920
Speaker 1: easy when everything was booming and pointing to my god,

1254
01:06:12,000 --> 01:06:14,960
Speaker 1: inflation is going to be a terrible problem. And now,

1255
01:06:15,080 --> 01:06:17,280
Speaker 1: oh yeah, we did goof badly there, which he's never

1256
01:06:17,440 --> 01:06:21,280
Speaker 1: really admitted. I mean, he's still blamed some things on

1257
01:06:21,600 --> 01:06:24,880
Speaker 1: Ukraine and you know, pooting supplies even though oil is

1258
01:06:24,920 --> 01:06:28,800
Speaker 1: waged but low that level, way beyond that. And now

1259
01:06:28,880 --> 01:06:31,320
Speaker 1: we're we're saying, oh my god, he's the god that's

1260
01:06:31,360 --> 01:06:34,400
Speaker 1: going to stop inflation, and he's going to crush the

1261
01:06:34,480 --> 01:06:38,400
Speaker 1: wages which have not kept, which have fallen behind inflation

1262
01:06:38,720 --> 01:06:41,880
Speaker 1: by three four five percent. You can have cost push

1263
01:06:42,000 --> 01:06:46,720
Speaker 1: inflation when you're lagging inflation. You can't blame wages for inflation.

1264
01:06:46,960 --> 01:06:50,400
Speaker 1: When they're two, three, four or five percent behind inflation.

1265
01:06:52,560 --> 01:06:54,920
Speaker 1: I mean, why is he putting the burden on the

1266
01:06:55,360 --> 01:06:58,920
Speaker 1: on these working people, I employed people. That's I mean,

1267
01:06:59,200 --> 01:07:03,200
Speaker 1: what is every other commodity price is going down? The

1268
01:07:03,280 --> 01:07:05,600
Speaker 1: Fed chair gave you no indication the other day that

1269
01:07:05,720 --> 01:07:09,680
Speaker 1: they're stopping anytime soon. Hey, and that's what and that's

1270
01:07:09,720 --> 01:07:12,760
Speaker 1: what was That's why the sock market best practice week.

1271
01:07:13,080 --> 01:07:16,360
Speaker 1: He gave no indication that. I mean, if he would

1272
01:07:16,400 --> 01:07:20,440
Speaker 1: have just said I see some favorable sign like housing

1273
01:07:20,520 --> 01:07:23,520
Speaker 1: prices are not rising and actually they're falling, or some

1274
01:07:23,800 --> 01:07:28,600
Speaker 1: little saying that our powercies are working, he admitted, you

1275
01:07:28,680 --> 01:07:32,400
Speaker 1: know there's long legs. Well, if he keeps as tight

1276
01:07:32,480 --> 01:07:36,080
Speaker 1: as he is, looked at every market indicator, the dour,

1277
01:07:36,320 --> 01:07:40,360
Speaker 1: the commodities, real rates, the money sup why everything is

1278
01:07:40,440 --> 01:07:44,800
Speaker 1: showing one of the tightest feds or intentions of FEDS

1279
01:07:44,960 --> 01:07:48,480
Speaker 1: that we've ever had. So he says and that he

1280
01:07:48,640 --> 01:07:50,920
Speaker 1: and he says it worked with the lag. Well, if

1281
01:07:50,960 --> 01:07:53,680
Speaker 1: he stays this way through twenty twenty three, you can

1282
01:07:53,840 --> 01:07:57,720
Speaker 1: you know, they make sure that there's a major recession

1283
01:07:57,800 --> 01:08:00,800
Speaker 1: on the other side. Celebrate clipped down for you. But

1284
01:08:00,880 --> 01:08:04,680
Speaker 1: the TLDR is this Siegel is absolutely convinced that without

1285
01:08:04,760 --> 01:08:08,400
Speaker 1: dramatically changing course, the FED will trigger a severe recession

1286
01:08:08,520 --> 01:08:12,040
Speaker 1: and absolutely destroy working class people. He believes they are

1287
01:08:12,080 --> 01:08:14,800
Speaker 1: making the mistake of a century and is desperately attempting

1288
01:08:14,840 --> 01:08:16,479
Speaker 1: to sound the alarm. So let's start with the first

1289
01:08:16,520 --> 01:08:18,680
Speaker 1: part of what the professor says when he complains that

1290
01:08:18,720 --> 01:08:21,160
Speaker 1: everyone is treating Jerome Palell like he's some kind of god,

1291
01:08:21,320 --> 01:08:23,600
Speaker 1: not even questioning whether he's charting the right course. And

1292
01:08:23,680 --> 01:08:25,960
Speaker 1: another part of his appearance, Seagle also blows his top

1293
01:08:26,040 --> 01:08:28,120
Speaker 1: or the fact that not a single reporter bother to

1294
01:08:28,160 --> 01:08:30,800
Speaker 1: ask him a tough question. Certainly, no one asks about

1295
01:08:30,840 --> 01:08:33,160
Speaker 1: whether regular people might be hurt by Palle's attempts to

1296
01:08:33,200 --> 01:08:36,000
Speaker 1: crush their wages and spike unemployment. This in spite of

1297
01:08:36,000 --> 01:08:38,200
Speaker 1: the fact that, according to Segel, the FED just executed

1298
01:08:38,240 --> 01:08:40,400
Speaker 1: one of the worst mistakes in the one hundred and

1299
01:08:40,560 --> 01:08:44,360
Speaker 1: ten year history of the FED. This deferential posture from

1300
01:08:44,439 --> 01:08:47,840
Speaker 1: supposed journalist comes from two places. Basically, first, there's an

1301
01:08:47,960 --> 01:08:51,000
Speaker 1: ugly bipartisan consensus now which has taken hold of Washington,

1302
01:08:51,040 --> 01:08:53,040
Speaker 1: that it's those pesky workers, and there are wages that

1303
01:08:53,120 --> 01:08:55,840
Speaker 1: are primarily to blame for inflation, and that the only

1304
01:08:55,960 --> 01:08:58,280
Speaker 1: answer is for pal to go full Vulcar and tank

1305
01:08:58,360 --> 01:09:01,680
Speaker 1: the economy. Now, this benefit corporate America, which is irritated

1306
01:09:01,720 --> 01:09:03,720
Speaker 1: by the fact that right now, with the labor market tight,

1307
01:09:04,040 --> 01:09:06,280
Speaker 1: orkers have started to organize to strike and in general

1308
01:09:06,320 --> 01:09:10,120
Speaker 1: to demand better conditions. Ken Klippenstein reports that some executives

1309
01:09:10,200 --> 01:09:14,439
Speaker 1: are outright admitting that they hope FED policy will discipline

1310
01:09:14,479 --> 01:09:17,160
Speaker 1: workers into accepting the shitty deals that they've had to

1311
01:09:17,200 --> 01:09:20,519
Speaker 1: put up with for decades. When real estate CEO openly

1312
01:09:20,680 --> 01:09:23,519
Speaker 1: admitted that quote, a recession could be good for the

1313
01:09:23,560 --> 01:09:26,439
Speaker 1: commercial real estate business if it comes with the level

1314
01:09:26,520 --> 01:09:29,320
Speaker 1: of unemployment that puts employers back in the driver's seat

1315
01:09:29,600 --> 01:09:32,160
Speaker 1: and allows them to get all their employees back into

1316
01:09:32,240 --> 01:09:35,720
Speaker 1: the office. Second, there's an even uglier trend to just

1317
01:09:35,840 --> 01:09:37,680
Speaker 1: accept the pronouncements of the FED as if they are

1318
01:09:37,720 --> 01:09:40,200
Speaker 1: being handed down from on high. In this view, the

1319
01:09:40,240 --> 01:09:43,280
Speaker 1: FED policy makers are just quants analyzing data and calling

1320
01:09:43,360 --> 01:09:47,400
Speaker 1: balls and strikes. This is absurd. Monetary policy is just

1321
01:09:47,520 --> 01:09:50,840
Speaker 1: as subject to politics, ideological capture, and just human beings

1322
01:09:50,920 --> 01:09:54,719
Speaker 1: making big mistakes as any other body. They should be questioned,

1323
01:09:54,880 --> 01:09:57,719
Speaker 1: They should be questioned vigorously and the public should feel

1324
01:09:57,720 --> 01:10:00,840
Speaker 1: empowered to have an opinion on FED policy, since few

1325
01:10:00,960 --> 01:10:04,080
Speaker 1: things more directly impact their lives. But the language around

1326
01:10:04,120 --> 01:10:07,439
Speaker 1: monetary policy has been made intentionally opaque and confusing to

1327
01:10:07,560 --> 01:10:10,840
Speaker 1: keep that rogue element the people from feeling like they

1328
01:10:10,960 --> 01:10:13,800
Speaker 1: understand enough in order to have a say, Which brings

1329
01:10:13,840 --> 01:10:16,200
Speaker 1: me to another piece of the professor's commentary here, where

1330
01:10:16,240 --> 01:10:19,599
Speaker 1: he absolutely trashes the idea that wages are to blame

1331
01:10:19,640 --> 01:10:22,280
Speaker 1: for inflation. Let's listen to that part. We're saying, Oh

1332
01:10:22,320 --> 01:10:24,759
Speaker 1: my god, he's the god that's going to stop inflation,

1333
01:10:25,520 --> 01:10:28,519
Speaker 1: and he's going to crush the wages which have not

1334
01:10:28,720 --> 01:10:31,920
Speaker 1: kept which have fallen behind inflation by three four five percent.

1335
01:10:32,160 --> 01:10:36,400
Speaker 1: You can have cost push inflation when you're lagging inflation.

1336
01:10:36,960 --> 01:10:39,760
Speaker 1: You can't blame wages for inflation when they're two three

1337
01:10:39,840 --> 01:10:45,639
Speaker 1: four five percent behind inflation. I mean, he said, why

1338
01:10:45,720 --> 01:10:48,479
Speaker 1: is he putting the burden on the on these working people?

1339
01:10:48,600 --> 01:10:53,000
Speaker 1: They employed people, that's I mean, and every other commodity

1340
01:10:53,120 --> 01:10:57,400
Speaker 1: price is going down. Here he explodes a gigantic Washington

1341
01:10:57,479 --> 01:10:59,559
Speaker 1: myth that the real problem with inflation is that costs

1342
01:10:59,600 --> 01:11:04,479
Speaker 1: her up translation, workers are earning too much. This is nonsense. Yes,

1343
01:11:04,720 --> 01:11:08,360
Speaker 1: wages have gone up, not nearly enough to keep up

1344
01:11:08,439 --> 01:11:10,600
Speaker 1: with the cost of inflation. It's not the workers so

1345
01:11:10,760 --> 01:11:13,240
Speaker 1: need to be disciplined. It's the corporations which have used

1346
01:11:13,240 --> 01:11:15,479
Speaker 1: inflation as an excuse to jack up their prices and

1347
01:11:15,600 --> 01:11:19,800
Speaker 1: gain massive profit margins. When you account for inflation, real

1348
01:11:19,880 --> 01:11:24,240
Speaker 1: wages have declined. They have gone down every single month

1349
01:11:24,360 --> 01:11:27,400
Speaker 1: since April of twenty twenty one. Let me show you

1350
01:11:27,520 --> 01:11:30,599
Speaker 1: what wages look like this year. That top blue line

1351
01:11:30,640 --> 01:11:32,800
Speaker 1: you see there, that's prices. They have gone up and

1352
01:11:32,920 --> 01:11:36,839
Speaker 1: up wages before inflation, what economists would call nominal wages.

1353
01:11:37,040 --> 01:11:39,760
Speaker 1: They go up as well, but not nearly as fast

1354
01:11:39,760 --> 01:11:42,519
Speaker 1: as prices. That leaves real wages that would be the

1355
01:11:42,640 --> 01:11:45,760
Speaker 1: dark red line that you see there, actually going down

1356
01:11:46,280 --> 01:11:49,280
Speaker 1: once you consider rising prices. Average workers have gotten a

1357
01:11:49,360 --> 01:11:52,479
Speaker 1: pay cut every single month for more than a year. So,

1358
01:11:52,600 --> 01:11:55,080
Speaker 1: as a professor asked, how does it make any sense

1359
01:11:55,160 --> 01:11:57,960
Speaker 1: to blame wages for inflation when wages have done nothing

1360
01:11:58,160 --> 01:12:01,800
Speaker 1: ultimately but decline. Another key part of Seagull's argument here

1361
01:12:01,960 --> 01:12:04,479
Speaker 1: is that the Fed is admitting that what they are

1362
01:12:04,560 --> 01:12:06,920
Speaker 1: doing will take a while to fully hit, but they

1363
01:12:06,960 --> 01:12:10,760
Speaker 1: are still fully moving full steam ahead anyway. Knowing that

1364
01:12:10,800 --> 01:12:14,759
Speaker 1: they could easily overshoot and trigger an absolute catastrophe. Here's

1365
01:12:14,840 --> 01:12:19,680
Speaker 1: that portion he admitted, you know, there's long legs. Well,

1366
01:12:19,760 --> 01:12:22,360
Speaker 1: if he keeps as tight as he looked at every

1367
01:12:22,640 --> 01:12:27,320
Speaker 1: market indicator, the dour, the commodities, real rates, the money's

1368
01:12:27,439 --> 01:12:31,320
Speaker 1: why everything is showing one of the tightest feds or

1369
01:12:31,560 --> 01:12:35,960
Speaker 1: intentions of FEDS that we've ever had. So he says so,

1370
01:12:37,000 --> 01:12:39,280
Speaker 1: and he says it worked with the lag. Well, if

1371
01:12:39,320 --> 01:12:42,040
Speaker 1: he stays this way through twenty twenty three, you can,

1372
01:12:42,200 --> 01:12:46,080
Speaker 1: you know, babe, make sure that there's a major recession

1373
01:12:46,160 --> 01:12:49,920
Speaker 1: on the other side, a major recession on the other side.

1374
01:12:50,160 --> 01:12:52,519
Speaker 1: Here's a few of the indicators that Siegull mentions that

1375
01:12:52,600 --> 01:12:55,200
Speaker 1: he implores Pal to take a look at. He points

1376
01:12:55,200 --> 01:12:57,559
Speaker 1: to the Dow, which fell massively on Friday continued its

1377
01:12:57,560 --> 01:13:00,320
Speaker 1: slide on Monday as well. It's not just the US markets,

1378
01:13:00,320 --> 01:13:02,880
Speaker 1: though global markets also plunged, as Pal showed no sign

1379
01:13:02,960 --> 01:13:06,360
Speaker 1: whatsoever easing up on the Fed's aggressive moves, Siegel mentions

1380
01:13:06,439 --> 01:13:08,599
Speaker 1: commodities and hero can take a look at the oil markets,

1381
01:13:08,640 --> 01:13:10,920
Speaker 1: where prices have continued to fall down to a nine

1382
01:13:10,960 --> 01:13:12,840
Speaker 1: month low. Now, of course, it's a very good thing

1383
01:13:13,080 --> 01:13:15,200
Speaker 1: if it translates to what you pay at the pump.

1384
01:13:15,520 --> 01:13:17,680
Speaker 1: But as we know, oil prices and gas prices at

1385
01:13:17,680 --> 01:13:20,879
Speaker 1: the pump don't move in anything close to lockstep. Siegel's

1386
01:13:20,920 --> 01:13:23,240
Speaker 1: point is that if your goal is a soft landing

1387
01:13:23,400 --> 01:13:26,840
Speaker 1: to carbon inflation without triggering a recession, the warning lights

1388
01:13:26,880 --> 01:13:30,320
Speaker 1: are flashing red that you are already overshooting the mark,

1389
01:13:30,520 --> 01:13:32,960
Speaker 1: and yet the FED is just continuing aggressively in the

1390
01:13:33,000 --> 01:13:35,639
Speaker 1: same direction. Another portion of the interview, he talks about

1391
01:13:35,720 --> 01:13:38,439
Speaker 1: housing market downturn. The fact that you have now millions

1392
01:13:38,479 --> 01:13:41,040
Speaker 1: of new workers and jobs with GDP actually going down,

1393
01:13:41,640 --> 01:13:44,400
Speaker 1: all signs that the hawkash FED policy is really starting

1394
01:13:44,479 --> 01:13:47,599
Speaker 1: to bite, and that it may already be too late

1395
01:13:47,720 --> 01:13:50,720
Speaker 1: to avoid the major recession that the press professor is

1396
01:13:50,880 --> 01:13:54,200
Speaker 1: urgently warning about. This appearance was so remarkable to me

1397
01:13:54,280 --> 01:13:56,560
Speaker 1: because the words of warning being sounded here are so

1398
01:13:56,720 --> 01:13:59,439
Speaker 1: incredibly rare to be heard anywhere, or at least those

1399
01:13:59,520 --> 01:14:02,920
Speaker 1: voices of ascent so rarely really get a hearing. We

1400
01:14:03,000 --> 01:14:07,320
Speaker 1: would all do well to listen. Pretty remarkable moment there

1401
01:14:07,360 --> 01:14:09,040
Speaker 1: on CNBC is a long man, and if you want

1402
01:14:09,080 --> 01:14:11,960
Speaker 1: to hear my reaction to Crystal's monologue, become a premium

1403
01:14:11,960 --> 01:14:17,840
Speaker 1: subscriber today at Breakingpoints dot Com. Joining us now is

1404
01:14:17,960 --> 01:14:21,320
Speaker 1: great friend, very special friend, the original friend, perhaps the

1405
01:14:21,400 --> 01:14:24,600
Speaker 1: best friend of the show. Glenn Greenwald, It's great to

1406
01:14:24,640 --> 01:14:27,599
Speaker 1: see you, sir. Thank you very much for joining us. Yeah,

1407
01:14:27,760 --> 01:14:29,639
Speaker 1: thank you. I accept all of those titles. I think

1408
01:14:29,640 --> 01:14:32,880
Speaker 1: they're all appropriate, and I appreciate the magation. Well to

1409
01:14:32,960 --> 01:14:35,120
Speaker 1: see your face and be the subject of your mockery again,

1410
01:14:35,200 --> 01:14:37,519
Speaker 1: Glenn oways, real, mush, it's been it's been far, far

1411
01:14:37,640 --> 01:14:39,240
Speaker 1: too long. One of the reasons we wanted to talk

1412
01:14:39,280 --> 01:14:41,759
Speaker 1: to you, Glenn, on top of just checking in in general,

1413
01:14:41,840 --> 01:14:44,160
Speaker 1: let's put this up there on the screen. President Putin

1414
01:14:44,240 --> 01:14:48,479
Speaker 1: yesterday granted Russian citizenship to Edward Snowden. Now, there's been

1415
01:14:48,520 --> 01:14:50,599
Speaker 1: a lot made of this by the US media as

1416
01:14:50,680 --> 01:14:54,040
Speaker 1: some evidence that snowed In himself is like further a trader,

1417
01:14:54,120 --> 01:14:56,920
Speaker 1: as if he himself should be pushed to the front

1418
01:14:57,000 --> 01:14:59,760
Speaker 1: line by Putin. What did you make of this move?

1419
01:14:59,840 --> 01:15:02,519
Speaker 1: And and then the general treatment by the Western media

1420
01:15:02,560 --> 01:15:06,040
Speaker 1: of this obvious stunt by Putin. So first of all,

1421
01:15:06,200 --> 01:15:08,919
Speaker 1: just look at the framing of this, Like Putin grants

1422
01:15:09,640 --> 01:15:12,360
Speaker 1: citizenship to Snowden. This happens all the time. Whenever the

1423
01:15:12,479 --> 01:15:15,559
Speaker 1: US media wants you to hate a particular country, they

1424
01:15:15,640 --> 01:15:18,240
Speaker 1: start personalizing everything to the leader. When we wanted to

1425
01:15:18,320 --> 01:15:21,439
Speaker 1: invade a rocket ceas being Rock did this, Orrock did that,

1426
01:15:21,600 --> 01:15:25,280
Speaker 1: everything was Saddam did the same. With the war in Yugoslavia,

1427
01:15:25,400 --> 01:15:28,400
Speaker 1: it was no longer Servia does this, it was Melosovich

1428
01:15:28,520 --> 01:15:31,920
Speaker 1: does this. They always personalize it on a particular leader,

1429
01:15:31,960 --> 01:15:34,879
Speaker 1: as though now Putin is sitting in the immigration office

1430
01:15:35,280 --> 01:15:39,360
Speaker 1: as an immigration clerk reviewing Snowden's application for citizenship and

1431
01:15:39,520 --> 01:15:42,439
Speaker 1: stamping it approved. Of course it's done in the name

1432
01:15:42,479 --> 01:15:45,000
Speaker 1: of Putin. So many documents are signed by Joe Biden

1433
01:15:45,040 --> 01:15:47,800
Speaker 1: that he wouldn't have the capability to even read, let

1434
01:15:47,840 --> 01:15:52,160
Speaker 1: alone analyze and process. But that's already the framing. Snowden

1435
01:15:52,200 --> 01:15:55,479
Speaker 1: has lived in Russia for nine years now. He lives

1436
01:15:55,520 --> 01:15:58,320
Speaker 1: there with his American wife and their two young toddlers.

1437
01:15:58,880 --> 01:16:01,360
Speaker 1: And the reason they're of course, is because the US

1438
01:16:01,479 --> 01:16:03,599
Speaker 1: government has made clear that if he steps one inch

1439
01:16:03,640 --> 01:16:06,920
Speaker 1: outside of Russia, they will arrest him and prosecute him

1440
01:16:06,960 --> 01:16:08,800
Speaker 1: and imprison him for the rest of his life under

1441
01:16:08,840 --> 01:16:12,320
Speaker 1: the Espionage Act of nineteen seventeen. So all this is

1442
01:16:12,520 --> 01:16:14,880
Speaker 1: is the natural byproduct of living in a country for

1443
01:16:14,960 --> 01:16:17,120
Speaker 1: a long enough time. I've lived in Brazil seventeen years.

1444
01:16:17,160 --> 01:16:20,800
Speaker 1: I'm eligible for citizenship with my family. And yet the

1445
01:16:21,120 --> 01:16:24,120
Speaker 1: American media tried to depict this as some cunning move

1446
01:16:24,200 --> 01:16:27,559
Speaker 1: on the part of Putin and wors some sinister evidence

1447
01:16:27,640 --> 01:16:29,880
Speaker 1: that it means snowed In all along was a Russian spy.

1448
01:16:31,280 --> 01:16:32,880
Speaker 1: I want to pick back up on Stone, but first

1449
01:16:32,880 --> 01:16:34,599
Speaker 1: I actually want to ask you more about that point

1450
01:16:34,720 --> 01:16:38,360
Speaker 1: about like personalizing the governments, because I think that's interesting

1451
01:16:38,400 --> 01:16:42,639
Speaker 1: because I actually try to when we're covering Russia talk

1452
01:16:42,680 --> 01:16:46,080
Speaker 1: about the Kremlin or talk about Putin versus Russia as

1453
01:16:46,160 --> 01:16:49,160
Speaker 1: a whole, because when you're dealing with the basically authoritarian system,

1454
01:16:49,720 --> 01:16:52,280
Speaker 1: I sort of want to intentionally separate, separate out the

1455
01:16:52,479 --> 01:16:55,360
Speaker 1: ordinary citizens who may or may not support what's going on,

1456
01:16:55,520 --> 01:16:57,960
Speaker 1: or may or may not understand what's going on, versus

1457
01:16:58,080 --> 01:17:00,600
Speaker 1: the leadership, like the elites who are actually, you know,

1458
01:17:00,960 --> 01:17:03,400
Speaker 1: running the show. Do you think there's an argument for

1459
01:17:03,479 --> 01:17:05,080
Speaker 1: that or like how do you see those things in

1460
01:17:05,120 --> 01:17:08,280
Speaker 1: the language there and its importance? Yeah, I mean, for sure,

1461
01:17:08,400 --> 01:17:12,840
Speaker 1: Russia is an authoritarian and an autocratic regime. A lot

1462
01:17:12,880 --> 01:17:15,360
Speaker 1: of countries in the world are, but it's also a

1463
01:17:15,479 --> 01:17:20,120
Speaker 1: complex country of seventy million people or so. It has

1464
01:17:20,240 --> 01:17:24,200
Speaker 1: all kinds of different power centers and factions and competing interests.

1465
01:17:25,520 --> 01:17:27,799
Speaker 1: The same is true. You know of almost any country

1466
01:17:27,880 --> 01:17:31,360
Speaker 1: that you talk about where there's this extremely exaggerated attempt

1467
01:17:31,439 --> 01:17:34,519
Speaker 1: to depict it as this like totalitarian regime, when maybe

1468
01:17:34,640 --> 01:17:38,120
Speaker 1: North Korea and a handful of other small countries really

1469
01:17:38,240 --> 01:17:43,240
Speaker 1: are appropriately characterized that way. There's all kinds of interest

1470
01:17:43,400 --> 01:17:47,200
Speaker 1: In Russia, there's lots of divided public opinions. Putin does

1471
01:17:47,320 --> 01:17:50,120
Speaker 1: have a lot of support, as does the war in Ukraine.

1472
01:17:50,160 --> 01:17:52,920
Speaker 1: Maybe that's because of our propagandized media. Surely that is

1473
01:17:53,000 --> 01:17:55,280
Speaker 1: part of it. But I think it's just so overly

1474
01:17:55,520 --> 01:17:59,439
Speaker 1: simplified the way that the Western media ends up talking

1475
01:17:59,479 --> 01:18:02,560
Speaker 1: about the entries that we're supposed to hate. Yeah, I

1476
01:18:02,600 --> 01:18:05,400
Speaker 1: think that's true, very important. I wanted to get your

1477
01:18:05,439 --> 01:18:09,960
Speaker 1: response to what Snowden himself tweeted. In response. He said,

1478
01:18:10,080 --> 01:18:13,080
Speaker 1: after years of separation from our parents, my wife and

1479
01:18:13,160 --> 01:18:15,519
Speaker 1: I have no desire to be separated from our sons.

1480
01:18:15,560 --> 01:18:17,920
Speaker 1: After two years of waiting, nearly ten years of exile,

1481
01:18:18,240 --> 01:18:20,519
Speaker 1: a little stability will make a difference. For my family.

1482
01:18:20,640 --> 01:18:23,120
Speaker 1: I pray for privacy for them and for us all

1483
01:18:24,760 --> 01:18:26,360
Speaker 1: I mean, I think this is the key point in

1484
01:18:26,400 --> 01:18:29,679
Speaker 1: Crystal is Let's go back and just remember because before

1485
01:18:30,240 --> 01:18:35,240
Speaker 1: this obsession with Russia completely consumed American discourse in twenty fourteen,

1486
01:18:35,920 --> 01:18:39,800
Speaker 1: every major media outlet fought to publish and report on

1487
01:18:39,880 --> 01:18:43,280
Speaker 1: the Snowden documents, and virtually every major media outlet throughout

1488
01:18:43,280 --> 01:18:46,280
Speaker 1: the West did so. Obviously the Guardian in the Washington

1489
01:18:46,320 --> 01:18:48,559
Speaker 1: Post when a pullets are for it, but the New

1490
01:18:48,680 --> 01:18:51,599
Speaker 1: York Times fought for those documents. I remember getting badgered

1491
01:18:51,640 --> 01:18:54,559
Speaker 1: by all their reporters for access to the archive. Globo

1492
01:18:54,680 --> 01:18:58,679
Speaker 1: and Brazil, Lamond in France, Elmlundo in Spain. All over

1493
01:18:58,800 --> 01:19:01,560
Speaker 1: the Western world, people were competing to be able to

1494
01:19:01,640 --> 01:19:06,200
Speaker 1: report these documents because they revealed an incredibly newsworthy story,

1495
01:19:06,320 --> 01:19:08,720
Speaker 1: which was especially here in the United States. Many of

1496
01:19:09,040 --> 01:19:12,080
Speaker 1: the spying programs that were instituted that were on terror

1497
01:19:12,200 --> 01:19:15,720
Speaker 1: then and then increased radically under the Obama administration were

1498
01:19:15,800 --> 01:19:20,400
Speaker 1: found by courts to be unconstitutional and illegal. So what

1499
01:19:20,640 --> 01:19:24,120
Speaker 1: American would be so surf like in their mentality as

1500
01:19:24,200 --> 01:19:27,720
Speaker 1: to believe that that's not a positive thing. And yet

1501
01:19:28,040 --> 01:19:31,160
Speaker 1: in response to that, the US government has done nothing

1502
01:19:31,240 --> 01:19:33,760
Speaker 1: but try to imprison Snowden for eight years. And as

1503
01:19:33,880 --> 01:19:37,400
Speaker 1: he says, he has a family, an American wife, American children.

1504
01:19:37,439 --> 01:19:38,920
Speaker 1: He's always said he wanted to come back to the

1505
01:19:39,040 --> 01:19:42,559
Speaker 1: United States, and so yes, he does need stability because

1506
01:19:42,600 --> 01:19:45,040
Speaker 1: he can't leave that country, and citizenship is a way

1507
01:19:45,080 --> 01:19:47,599
Speaker 1: that gives him and his family that stability into trying

1508
01:19:47,680 --> 01:19:51,120
Speaker 1: to depict it as something nefarious on his part, when

1509
01:19:51,920 --> 01:19:54,680
Speaker 1: in reality the fault lies with the Obama administration that

1510
01:19:55,160 --> 01:19:58,639
Speaker 1: went after whistleblowers using this one hundred year old repressive

1511
01:19:58,680 --> 01:20:01,920
Speaker 1: statute more than any other administration in history. I think

1512
01:20:02,040 --> 01:20:04,600
Speaker 1: is really misguided. And Glenn, when you pointed out on

1513
01:20:04,640 --> 01:20:07,240
Speaker 1: the Washington Post, which I thought was completely crazy, was

1514
01:20:07,320 --> 01:20:11,800
Speaker 1: that they described Snowden as just an intelligence leaker, which

1515
01:20:11,920 --> 01:20:15,599
Speaker 1: was floated by Matt Taibi, but also described him as

1516
01:20:15,720 --> 01:20:20,080
Speaker 1: quote who considers himself a whistleblower. And as you pointed

1517
01:20:20,160 --> 01:20:23,639
Speaker 1: out that, it's especially weird because they shared that Pulitzer

1518
01:20:23,720 --> 01:20:27,000
Speaker 1: Prize for helping report on some of the Snowden documents

1519
01:20:27,240 --> 01:20:30,080
Speaker 1: at the time and considered it worthy not that long

1520
01:20:30,080 --> 01:20:33,920
Speaker 1: ago in twenty fourteen. I mean, the Washington Post could

1521
01:20:34,000 --> 01:20:38,760
Speaker 1: not keep enough praise on themselves and their courage for

1522
01:20:39,160 --> 01:20:42,160
Speaker 1: the work they did on Snowden documents, when in reality,

1523
01:20:42,240 --> 01:20:44,640
Speaker 1: the Washington Post was too scared to even allow the

1524
01:20:44,760 --> 01:20:47,720
Speaker 1: reporters to go visit Snowden in Hong Kong. The way

1525
01:20:47,800 --> 01:20:50,800
Speaker 1: more poortrass than I did. The story kind of fell

1526
01:20:50,840 --> 01:20:52,720
Speaker 1: into their lap. He never chose to work with them,

1527
01:20:52,760 --> 01:20:56,040
Speaker 1: but they exploited those documents to their benefit. And the

1528
01:20:56,160 --> 01:20:59,600
Speaker 1: amazing thing is Sager. Two years afterward, when the New

1529
01:20:59,680 --> 01:21:02,360
Speaker 1: York Time is calling for Snowden to be pardon, the

1530
01:21:02,560 --> 01:21:06,599
Speaker 1: Washington Post editorialized against a pardon for their own source,

1531
01:21:06,800 --> 01:21:09,720
Speaker 1: advocating of their own source be in prison. And their

1532
01:21:09,880 --> 01:21:13,639
Speaker 1: argument was that Snowden's documents weren't just about domestic spying,

1533
01:21:13,720 --> 01:21:17,200
Speaker 1: but also spying in other countries. But let's remember, all

1534
01:21:17,280 --> 01:21:20,240
Speaker 1: of the choices that were made about which Snowden documents

1535
01:21:20,240 --> 01:21:23,519
Speaker 1: would be concealed and which ones would be published weren't

1536
01:21:23,600 --> 01:21:26,040
Speaker 1: made by Snowden, but were made by the newspapers with

1537
01:21:26,160 --> 01:21:29,000
Speaker 1: whom he worked. And the Washington Post did more than

1538
01:21:29,120 --> 01:21:31,680
Speaker 1: any other media outlet, way more than I did, in

1539
01:21:31,800 --> 01:21:35,120
Speaker 1: publishing documents about how the US is spying another countries,

1540
01:21:35,160 --> 01:21:38,559
Speaker 1: So it was they who revealed those secrets, not Snowden,

1541
01:21:38,600 --> 01:21:41,800
Speaker 1: and then turned around and used their own behavior as

1542
01:21:41,840 --> 01:21:44,599
Speaker 1: a way of arguing that he shouldn't get a pardon.

1543
01:21:45,960 --> 01:21:48,960
Speaker 1: Where do you think that this ideological positioning of the

1544
01:21:49,080 --> 01:21:52,280
Speaker 1: Washington Post comes from. Does it represent a break with

1545
01:21:52,400 --> 01:21:55,800
Speaker 1: past traditions or a continuation of a long tradition that

1546
01:21:56,000 --> 01:21:59,320
Speaker 1: perhaps was temporarily broken so that they could mask in

1547
01:21:59,360 --> 01:22:02,679
Speaker 1: the limeline of prizes from reporting on the certain documents.

1548
01:22:03,560 --> 01:22:06,639
Speaker 1: So I've never been somebody who thought that the corporate

1549
01:22:06,760 --> 01:22:10,519
Speaker 1: media is quote unquote liberal, nor did I ever think

1550
01:22:10,560 --> 01:22:13,839
Speaker 1: they were conservative. I believe the ideology of the corporate

1551
01:22:13,960 --> 01:22:18,640
Speaker 1: media is pro establishment, and in particular, they're particularly deferential

1552
01:22:18,680 --> 01:22:20,960
Speaker 1: when it comes to the US security state and all

1553
01:22:21,080 --> 01:22:23,200
Speaker 1: the stories that we've seen over the last twenty years

1554
01:22:23,560 --> 01:22:26,120
Speaker 1: that receive so much criticism, from the Iraq War to

1555
01:22:26,760 --> 01:22:29,200
Speaker 1: Russia Gate to the two thousand and eight financial prices.

1556
01:22:29,280 --> 01:22:33,080
Speaker 1: We're all about these media outlets being completely subservient to

1557
01:22:33,800 --> 01:22:37,439
Speaker 1: ruling elite power centers, and the reason why media outlets

1558
01:22:37,520 --> 01:22:41,080
Speaker 1: dislike Snowden and Assonge and so many people like them,

1559
01:22:41,280 --> 01:22:44,560
Speaker 1: even though those people are the ones enabling journalists to

1560
01:22:44,680 --> 01:22:47,800
Speaker 1: do the job they claim they're there to do. Is

1561
01:22:47,920 --> 01:22:51,080
Speaker 1: because their sources inside the CIA and the FBI and

1562
01:22:51,120 --> 01:22:54,000
Speaker 1: the Justice Department in the White House hates Snowden massage

1563
01:22:54,280 --> 01:22:58,439
Speaker 1: and therefore they just reflect reflexively those same biases. That

1564
01:22:58,640 --> 01:23:01,200
Speaker 1: is what these media outlets are for, right, And I mean,

1565
01:23:01,320 --> 01:23:05,280
Speaker 1: what's the future here for Snowden? And just by the

1566
01:23:05,360 --> 01:23:07,240
Speaker 1: Biden administration, I saw I don't know if he saw

1567
01:23:07,320 --> 01:23:10,519
Speaker 1: this yesterday, Glenn, but the White House referred all questions

1568
01:23:10,600 --> 01:23:13,920
Speaker 1: on Sowe citizen to the DOJ, indicating that the prosecution,

1569
01:23:14,080 --> 01:23:18,440
Speaker 1: the current policy continues under this administration, which was considered

1570
01:23:18,560 --> 01:23:21,000
Speaker 1: I mean extreme even at the time under the Obama

1571
01:23:21,000 --> 01:23:23,960
Speaker 1: administration when they were also in charge. You know, let

1572
01:23:24,000 --> 01:23:26,599
Speaker 1: me just use your question, Stager to make two points

1573
01:23:26,640 --> 01:23:30,120
Speaker 1: that are actually related. One is that this whole idea

1574
01:23:30,160 --> 01:23:32,840
Speaker 1: of Snowden being in Russia and the way they used

1575
01:23:32,880 --> 01:23:36,280
Speaker 1: that to suggest he was a Russian spy. Let's remember

1576
01:23:36,400 --> 01:23:38,680
Speaker 1: that he didn't choose in the first instance to go

1577
01:23:38,760 --> 01:23:41,000
Speaker 1: to Moscow. He went to Hong Kong, and he was

1578
01:23:41,040 --> 01:23:43,560
Speaker 1: there when he contacted us. And at the time. You

1579
01:23:43,600 --> 01:23:45,560
Speaker 1: can go back and read the same stories from the

1580
01:23:45,600 --> 01:23:48,559
Speaker 1: same outlets we're accusing him of being a Chinese spy.

1581
01:23:49,200 --> 01:23:51,000
Speaker 1: Why if he were a Russian spy, would he have

1582
01:23:51,080 --> 01:23:54,439
Speaker 1: gone and to Hong Kong and called us there instead

1583
01:23:54,439 --> 01:23:56,320
Speaker 1: of to Moscow in the first instance. But the more

1584
01:23:56,360 --> 01:23:58,760
Speaker 1: important point is when he left Hong Kong, he was

1585
01:23:58,800 --> 01:24:02,160
Speaker 1: trying to get everybody knows to Ecuador and Bolivia, where

1586
01:24:02,160 --> 01:24:04,800
Speaker 1: he was going to ask for and receive asylum the way.

1587
01:24:04,880 --> 01:24:08,200
Speaker 1: Ecuador had given asylum to a songe and he had

1588
01:24:08,240 --> 01:24:10,519
Speaker 1: to transit through Moscow on his way to Havana, and

1589
01:24:10,680 --> 01:24:15,879
Speaker 1: the Obama administration, led by Joe Biden, did everything possible

1590
01:24:15,960 --> 01:24:19,879
Speaker 1: to block him from leaving Moscow. Ben Rhoades Boasted bragged

1591
01:24:19,960 --> 01:24:22,960
Speaker 1: in his own book about he called the Cubans and said,

1592
01:24:23,320 --> 01:24:25,160
Speaker 1: if you want us to lift this embargo, if you

1593
01:24:25,200 --> 01:24:27,640
Speaker 1: want to have better relations with us, you better not

1594
01:24:27,760 --> 01:24:30,240
Speaker 1: do anything to help Edward Snowden get out of Moscow,

1595
01:24:30,360 --> 01:24:32,720
Speaker 1: because if you do, there'll be no political space to

1596
01:24:32,840 --> 01:24:35,680
Speaker 1: do it. The reason he's in Russia isn't because he

1597
01:24:35,840 --> 01:24:39,240
Speaker 1: chose to be. It's because the Obama administration forced him

1598
01:24:39,280 --> 01:24:41,880
Speaker 1: to be precisely so that they could turn around and

1599
01:24:42,000 --> 01:24:44,880
Speaker 1: get morons to think, oh well, if he's in Russia,

1600
01:24:45,000 --> 01:24:48,479
Speaker 1: he must be a Kremlin spy. And that is the problem.

1601
01:24:48,640 --> 01:24:53,360
Speaker 1: Is it was the Trump administration considering actively pardoning snowd in.

1602
01:24:53,439 --> 01:24:55,759
Speaker 1: I think it was one of Trump's more cowardly moves

1603
01:24:56,200 --> 01:24:58,240
Speaker 1: not to have done that. The reason he didn't was

1604
01:24:58,320 --> 01:25:00,880
Speaker 1: because the second impeachment trial was hanging over his head

1605
01:25:00,920 --> 01:25:04,320
Speaker 1: and Marco Rubio and Lindsay Graham made clear and Mitch McConnell,

1606
01:25:04,320 --> 01:25:06,960
Speaker 1: if you pardon Snowden, we're going to vote for your

1607
01:25:07,000 --> 01:25:10,560
Speaker 1: own impeachment. But he didn't. And now the Biden administration

1608
01:25:10,960 --> 01:25:13,960
Speaker 1: was a part of the Obama administration, is continuing this

1609
01:25:14,160 --> 01:25:17,320
Speaker 1: repressive attack on whistleblowers that led to Snowen not being

1610
01:25:17,360 --> 01:25:18,800
Speaker 1: able to come back to the United States in the

1611
01:25:18,880 --> 01:25:21,600
Speaker 1: first place. I had never heard that before, Glenn, that

1612
01:25:21,680 --> 01:25:25,200
Speaker 1: there was a threat from Rubio and Graham and some

1613
01:25:25,320 --> 01:25:29,640
Speaker 1: of the more like hawkish pro security state Republicans to

1614
01:25:29,800 --> 01:25:36,080
Speaker 1: potentially vote to convict Trump in that impeachment hearing over Snowden.

1615
01:25:36,640 --> 01:25:39,120
Speaker 1: Is there just explain that a little bit more to me,

1616
01:25:39,160 --> 01:25:42,000
Speaker 1: because that's a new piece of information for me. Yeah. So,

1617
01:25:42,120 --> 01:25:44,800
Speaker 1: you know, obviously I was somebody who was working very

1618
01:25:45,640 --> 01:25:49,200
Speaker 1: actively both publicly advocating, but also in private doing everything

1619
01:25:49,240 --> 01:25:51,600
Speaker 1: it could to secure a part in for both Massage

1620
01:25:51,680 --> 01:25:54,479
Speaker 1: and Snowden, snowed In being my sores and as Songe

1621
01:25:54,520 --> 01:25:58,720
Speaker 1: being someone I regarded as heroic, And there was real

1622
01:25:58,800 --> 01:26:03,280
Speaker 1: movement inside the Trump administration to give particularly Snowden a pardon.

1623
01:26:03,360 --> 01:26:05,679
Speaker 1: It came much closer to Snowden than they did to Assange.

1624
01:26:06,240 --> 01:26:08,880
Speaker 1: And if you think about it, why would they have

1625
01:26:09,040 --> 01:26:12,519
Speaker 1: initiated an impeachment proceeding against a president who within a

1626
01:26:12,560 --> 01:26:15,280
Speaker 1: couple of weeks was on his way out. And the reason, Crystal,

1627
01:26:15,800 --> 01:26:18,080
Speaker 1: was that they were very afraid that on his way out,

1628
01:26:19,360 --> 01:26:21,919
Speaker 1: Trump was going to do a bunch of stuff, including

1629
01:26:22,040 --> 01:26:24,880
Speaker 1: not just giving pardons to Snowden and Orssange, but also

1630
01:26:25,040 --> 01:26:27,960
Speaker 1: declassify all kinds of documents he had been threatening to

1631
01:26:28,040 --> 01:26:32,479
Speaker 1: declassify about the CIA, about the Kennedy assassination. And the

1632
01:26:32,640 --> 01:26:35,839
Speaker 1: only leverage they had against Trump doing what they considered

1633
01:26:35,960 --> 01:26:39,360
Speaker 1: crazy stuff on his way out was the second impeachment trial,

1634
01:26:39,720 --> 01:26:43,920
Speaker 1: and they explicitly communicated to Trump multiple Republican kind of

1635
01:26:44,040 --> 01:26:46,519
Speaker 1: hawk as senators did that if you do what we

1636
01:26:46,640 --> 01:26:49,200
Speaker 1: know you're thinking about doing what Ram Paul and Matt

1637
01:26:49,280 --> 01:26:51,320
Speaker 1: Gates and others were encouraging him to do, which was

1638
01:26:51,400 --> 01:26:55,640
Speaker 1: part in Snowden, that will severely jeopardize your chances of

1639
01:26:55,720 --> 01:26:58,360
Speaker 1: getting out of this impeachment trial with an acquittal. And

1640
01:26:58,479 --> 01:27:01,080
Speaker 1: that was the kind of sword of damoclets hanging over

1641
01:27:01,160 --> 01:27:06,000
Speaker 1: his head during that transition. Does that relate to the

1642
01:27:06,160 --> 01:27:09,360
Speaker 1: documents that he then takes tomorrow lago? Because there's some

1643
01:27:09,720 --> 01:27:12,519
Speaker 1: reporting that the documents that he took there were you know,

1644
01:27:13,080 --> 01:27:15,320
Speaker 1: related to Russiagate. They were things that you know, he

1645
01:27:15,400 --> 01:27:18,679
Speaker 1: had flirted with declassifying before but didn't for whatever reason.

1646
01:27:18,720 --> 01:27:21,160
Speaker 1: Do you know if there's a connect there. What I

1647
01:27:21,280 --> 01:27:25,520
Speaker 1: know for sure is that Trump was threatening to declassify

1648
01:27:25,800 --> 01:27:28,679
Speaker 1: all those documents were writing to Russigate because Trump believes,

1649
01:27:28,720 --> 01:27:31,439
Speaker 1: I think with a lot of validity, that there were

1650
01:27:31,840 --> 01:27:36,640
Speaker 1: crimes committed, or at least ethical transgressions committed during the

1651
01:27:36,720 --> 01:27:39,960
Speaker 1: twenty sixteen election to create and manufacture Rushigate. It came

1652
01:27:40,000 --> 01:27:42,639
Speaker 1: out of the CIA, And I don't know exactly which

1653
01:27:42,720 --> 01:27:46,000
Speaker 1: documents he took. Nobody really knows exactly which documents he took,

1654
01:27:46,080 --> 01:27:49,120
Speaker 1: but it certainly seems to align with everything I knew

1655
01:27:49,160 --> 01:27:51,680
Speaker 1: at the time, which was that Trump wanted those documents

1656
01:27:51,760 --> 01:27:56,280
Speaker 1: public had the power to declassify them, and now his

1657
01:27:56,400 --> 01:27:59,479
Speaker 1: defenses that he did. I'm not saying that those were

1658
01:27:59,520 --> 01:28:01,679
Speaker 1: the only doctor you mean, Seetoki probably took a bunch

1659
01:28:01,800 --> 01:28:04,840
Speaker 1: being Trump just kind of did it all recklessly. But

1660
01:28:04,960 --> 01:28:07,880
Speaker 1: I would think there's certainly a relationship between his belief

1661
01:28:08,000 --> 01:28:10,760
Speaker 1: that documents were being hidden that should be seen and

1662
01:28:10,880 --> 01:28:13,080
Speaker 1: his decision to remove a lot of documents out of

1663
01:28:13,080 --> 01:28:16,640
Speaker 1: the White House tomorrow. Largro Yeah, that corresponds with some

1664
01:28:16,680 --> 01:28:20,760
Speaker 1: of the reporting that Ken Klippenstein, for example, has been doing. Well.

1665
01:28:20,840 --> 01:28:22,639
Speaker 1: We covered a lot more ground than I even expected

1666
01:28:22,680 --> 01:28:25,599
Speaker 1: us to get to a lot of interesting revelations there, Glenn.

1667
01:28:25,640 --> 01:28:28,120
Speaker 1: It's I'm genuinely great to see you. Thank you, Jemin sir,

1668
01:28:28,240 --> 01:28:30,240
Speaker 1: thank you. Yeah, I con grat send your success. Always

1669
01:28:30,280 --> 01:28:32,800
Speaker 1: have me to come back anytime. Absolutely, thanks very much

1670
01:28:32,960 --> 01:28:35,679
Speaker 1: you guys. All right, guys, thank you so much for watching.

1671
01:28:35,720 --> 01:28:37,960
Speaker 1: We really appreciate it. As we said, tickets around sale

1672
01:28:37,960 --> 01:28:41,240
Speaker 1: for Chicago Live Show October fifteenth. Come see us link

1673
01:28:41,280 --> 01:28:43,000
Speaker 1: as in the description if you want to help us

1674
01:28:43,000 --> 01:28:45,160
Speaker 1: fund the expansion. We've got the Counterpoints discount going on

1675
01:28:45,320 --> 01:28:47,880
Speaker 1: right now ten percent off. Otherwise, we've got great content

1676
01:28:47,920 --> 01:28:50,280
Speaker 1: for you on Wednesday, full show for you on Thursday,

1677
01:28:50,479 --> 01:28:53,320
Speaker 1: and counterpoints for you on Friday. I love being able

1678
01:28:53,360 --> 01:28:55,920
Speaker 1: to see that, only capable because of all of you

1679
01:28:56,080 --> 01:28:58,040
Speaker 1: and all your support. We will see you all later