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Speaker 1: Hey, guys, Saga and Crystal here.

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Speaker 2: Independent media just played a truly massive role in this election,

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Speaker 3: We need your help to build the future of independent

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Speaker 3: news media, and we hope to see you at Breakingpoints

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Speaker 3: dot com.

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Speaker 4: We're calling this block corruption.

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Speaker 5: The back half of it that we'll be talking about

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Speaker 5: is a much more obvious We've got the President of

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Speaker 5: the United States involved in a just straight up pump

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Speaker 5: dump cryptoscheme. But first the less obvious but still kind

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Speaker 5: of in your face element of Elon Musk's companies being

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Speaker 5: poised to reap billions more in federal contracts than they've

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Speaker 5: gotten in the past. And curious to get Sager's take

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Speaker 5: on this, because I think there is a there is

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Speaker 5: a defense of it on one level, but on another level,

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Speaker 5: it's just not how we do government to have the

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Speaker 5: CEO of a company that is getting money from the

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Speaker 5: government be the one doling out the government contract. So

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Speaker 5: we can put up this New York Times investigation by

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Speaker 5: this is Eric Lipton is one of their investigative reporters.

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Speaker 5: When The Times wants to do something that that leaves

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Speaker 5: a mark, they will give somebody like Lipt in a

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Speaker 5: couple of weeks to call up his sources and do

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Speaker 5: a sweeping peace that I don't I don't listen to

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Speaker 5: The Daily anymore, but I bet you know it gets

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Speaker 5: pushed out on their various this show is available.

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Speaker 3: Yeah, something about Michael Barbarrow's voice. It just doesn't work

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Speaker 3: for me. I gotta be honest. But yeah, no, you're

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Speaker 3: exactly right. The theory behind all this stuff is, oh,

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Speaker 3: it's more efficient. And you know the funny thing is,

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Speaker 3: if Elon wasn't in government, I'd be like, yeah, it's

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Speaker 3: obviously more of it. But the problem is is that

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Speaker 3: the appearance of corruption and is just as dangerous as

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Speaker 3: corruption itself. So like the details you're saying, the Commerce

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Speaker 3: Department is now saying that Starlink will be eligible for

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Speaker 3: the federal government's forty two billion dollars royal broadband push. Now,

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Speaker 3: it's pretty obvious that royal broadband by the government was

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Speaker 3: an epic disaster, literally didn't work and actually had Derek

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Speaker 3: on and that's one of the main things you mentioned.

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Speaker 3: It is like, this is a huge failure. Starlink seems

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Speaker 3: like the logical option, but you know, it's one of

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Speaker 3: those where it's like, well, it's like, should you really

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Speaker 3: be the person there who's also got their hands in there?

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Speaker 3: And then in terms of like what portion of federal funding,

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Speaker 3: is it really a fair process?

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Speaker 4: Right?

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Speaker 3: I mean, it reminds me of the Halliburton stuff during Bush.

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Speaker 3: I would say that's probably a little bit more self dealing.

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Speaker 3: But I remember people like, but brown and Root are

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Speaker 3: the best available option for this. It's like, yeah, but

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Speaker 3: the vice president is still the guy who's running the war,

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Speaker 3: so it's still pretty bad.

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Speaker 5: Yeah, right, And I think you and I probably both

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Speaker 5: agree that starlink is a better solution. Charling's cool, Yeah,

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Speaker 5: it works broadband than royal broadband, like just just a

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Speaker 5: complete mess. The government has failed to get that done.

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Speaker 5: But then you're right, you're left with all right, or

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Speaker 5: do we trust that Elon Musk is going to cut

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Speaker 5: a fair deal with Elon Musk on behalf of the

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Speaker 5: taxpayers or on behalf of Starlink. I mean he is

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Speaker 5: obligated by law to maximize profits for his different corporations.

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Speaker 5: Like that's that's the system that we have in place. Like,

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Speaker 5: if you're not doing that, you are in violation of

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Speaker 5: different fiduciary duties that you have to your shareholders. So

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Speaker 5: is he required by law to rip off the American taxpayer?

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Speaker 1: That that's actually a great point, is that.

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Speaker 3: Yeah, if you're looking out for SpaceX's business interests, you

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Speaker 3: want to secure as much money as possible, and legally,

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Speaker 3: are you looking to the government's interest you want to

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Speaker 3: secure as less at least amount of money.

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Speaker 5: There are criminals and there are criminal statutes on the

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Speaker 5: books that relate directly to this. If you are a

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Speaker 5: government employee and you are involved in government action that

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Speaker 5: you know will increase your bottom line, that is a crime.

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Speaker 4: It's a straight up crime.

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Speaker 5: Time it's not often prosecuted because it's hard to usually

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Speaker 5: prove in these cases.

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Speaker 4: It's like, WHOA, Well.

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Speaker 1: This is the thing about Elon that drives me crazy.

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Speaker 3: Any normal employee of the government, and I know many

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Speaker 3: you know who have had to work in the government.

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Speaker 3: You have to at some points even sell off like

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Speaker 3: individual stocks before you come work there. Let's say that

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Speaker 3: you are, yeah, working in the Anti Trust. You're a staffer,

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Speaker 3: not even appointee, You're just a staffer. You're making So

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Speaker 3: let's say eighty thousand dollars a year, and you bought

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Speaker 3: some Google stock, blue chip stock, Fortune five hundred company.

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Speaker 3: You obviously have no inside information. You still have to

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Speaker 3: sell it if you want to work, or you can't

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Speaker 3: at least buy anymore. And you have to report everything

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Speaker 3: that's there where. And again you know, the idea that

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Speaker 3: some eighty twenty six year old working at the FTC

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Speaker 3: is really going to have a massive implication on Google

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Speaker 3: not the case.

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Speaker 4: I mean.

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Speaker 3: Even in the private sector, as I understand it, if

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Speaker 3: you work at the banks, or if you work in

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Speaker 3: finance at all, you're not even allowed to trade period

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Speaker 3: like I think you can only buy like etf stand

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Speaker 3: or Mutrient funds.

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Speaker 1: You're not even allowed to do that.

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Speaker 3: That's in a private sector appearance of corruption because they

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Speaker 3: don't want to deal with you know, trials, et cetera.

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Speaker 3: Now Here we're talking about again Elon and the SpaceX

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Speaker 3: competing specifically for a government contract, and something Eric actually

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Speaker 3: pointed out. They have four current pending requests with the

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Speaker 3: FAA the Pentagon to build new rocket launch pads and

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Speaker 3: so basically the military building something for them.

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Speaker 4: And in federal protected land.

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Speaker 3: In federal protected land, the FAA has moved to now

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Speaker 3: approve one of those deals which had been pending. Now,

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Speaker 3: maybe it should again, maybe you shouldn't. It should always

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Speaker 3: have been approved, you asked me. It probably shouldn't have

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Speaker 3: been approved. I think SpaceX and All is really cool company.

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Speaker 3: I think they do a lot of cool work. But

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Speaker 3: here it's about the appearance second they go. The first

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Speaker 3: of the awards that was approved this month is specifically

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Speaker 3: after the head of the FCC was supported by Elon.

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Speaker 3: Now I know Brendon Carr. I don't think he's corrupt.

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Speaker 3: I don't think that he's somebody who's been influenced by Elon.

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Speaker 3: But the point is is that it still has to

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Speaker 3: raise the question because this is one about radio frequency.

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Speaker 3: And again, I know this is brain dead, but billions

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Speaker 3: of dollars move on this stuff. I've been in this

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Speaker 3: town long enough to see qualcomm and them spend un

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Speaker 3: goodly amounts of money trying to get the right five

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Speaker 3: G frequency approved for them by the FCC.

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Speaker 1: So, yes, it sounds stupid.

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Speaker 3: And it makes me one of those like, oh, maybe

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Speaker 3: it's the right thing, but you really need to comprehend

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Speaker 3: how much federal how many lobbying dollars are spent trying

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Speaker 3: to influence this overall process. And it's just look, even

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Speaker 3: if it's a bad look, a bad look is enough

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Speaker 3: for me, you know, especially if we're going to criticize,

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Speaker 3: you know, all these other people democratic like Nancy Pelosi's husband,

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Speaker 3: day Trading stocks. Yeah, I think it's grotesque, right, It's

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Speaker 3: the same here.

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Speaker 4: And Brendan Carr is a good example.

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Speaker 5: He's yeah, like you said, he's not personally like on

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Speaker 5: the take, but he's very allied with Elon Musk, and so.

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Speaker 3: I think that's ideological. Like I said, I've known Brendan

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Speaker 3: for a long time. Is genuinely not like as a

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Speaker 3: strong core beliefs around how the FCC should function, around

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Speaker 3: big tech censorship, et cetera. This goes back probably a decade.

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Speaker 3: But you know, it's really not about him. It's more

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Speaker 3: about and the supporting of him and then the approval

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Speaker 3: of said contracts. Again, it's probably the right decision, you know,

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Speaker 3: to be able to speed things up, cut red tape,

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Speaker 3: et cetera. But it's really more about the corruption and

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Speaker 3: the appearance on his side than anything else.

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Speaker 5: And it's just funny to see this, this huge oligarchy

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Speaker 5: taking shape layered over a federal government that is like,

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Speaker 5: on a micro level, like pretty corruption free in the

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Speaker 5: sense that you try to take like a federal worker

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Speaker 5: out to lunch. Oh as you what we're saying, yes,

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Speaker 5: like they won't they won't go to like events that

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Speaker 5: where it might be free food.

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Speaker 1: Yes, what is it twenty five dollars?

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Speaker 5: Yeah, And it's like to have like all of that happening,

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Speaker 5: which is, you know, you travel somewhere a lot of

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Speaker 5: other places around the world. You know, you're shelling out

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Speaker 5: money to government officials and cops and everything like you

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Speaker 5: want to get even in Washington, DC, like you when

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Speaker 5: it gets something approved, you increase this here and there.

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Speaker 5: Like the corrosiveness of individual micro level corruption is a thing.

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Speaker 4: Are you a side quests? Are you an f C

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Speaker 4: A believer? Do you think that that's a good thing?

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Speaker 1: I do because so f c P a Corrupt Practices Act.

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Speaker 5: So the and here is my argument for it, Like,

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Speaker 5: the thing that breeds insurgency and extremism and violence in

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Speaker 5: countries around the world is corruption, and people don't.

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Speaker 4: Really understand that.

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Speaker 5: That link Afghanistan, for instance, it was the Taliban's willingness

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Speaker 5: to root out the corruption of those drug lords.

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Speaker 3: It was financial and it was kind of like not

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Speaker 3: I'm not gonna say sexual, but like they were instilling

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Speaker 3: sexual morality.

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Speaker 4: I guess in lieu of how things.

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Speaker 5: They would say, well, it's talent, we don't we don't

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Speaker 5: really like what they stand for, but what but they

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Speaker 5: stand for.

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Speaker 4: What they say, and that's all over the all over

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Speaker 4: the world.

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Speaker 5: The thing that will feed this instability and this violence

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Speaker 5: is these people are ripping me off and I hate

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Speaker 5: them and I want them to die. So I'll give

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Speaker 5: the counter case.

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Speaker 4: Look at the Arab spring.

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Speaker 6: The Arabs.

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Speaker 5: The first guy that immolated himself did it because he

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Speaker 5: was pissed off at a fruit vendor inspector who was

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Speaker 5: trying to shake him down for bribes.

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Speaker 4: And dismiss.

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Speaker 3: I mean, I'll give the difference. So for people who

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Speaker 3: don't know, Trump tried to suspend the FCPA, which basically

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Speaker 3: prevents the US businesses from dealing with and corrupt practices abroad.

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Speaker 5: But by the way, Rubio just sanctioned the former president

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Speaker 5: of Argentina, Christina Kirshner, for corruption corrupt practices. It's like, bro,

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Speaker 5: like two weeks ago, you said corruption's fine. So how

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Speaker 5: are we sanctioning a former president for something that we

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Speaker 5: say it's fine for our.

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Speaker 3: I agree, I totally agree with that. I don't even

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Speaker 3: know why we'd be sanctioning people for corruption because what's

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Speaker 3: center less social So it just sends up. But I mean,

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Speaker 3: how are you supposed to do business?

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Speaker 1: Right?

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Speaker 3: Like, how are you supposed to do business in many

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Speaker 3: of these foreign countries like India famously one of the

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Speaker 3: places where you really have to grease if we want

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Speaker 3: our companies to be able to do business, Like, aren't

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Speaker 3: they at a strategic disadvantage? What the Chinese people aren't

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Speaker 3: paying people off? I mean, if we want to if

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Speaker 3: we want to engage, and let's say East Asia, look

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Speaker 3: no offense east Asia. But been around long enough to

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Speaker 3: read exactly about the fusion of the Samsung and Panasonic

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Speaker 3: and all this stuff. You can call it corruption or

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Speaker 3: you can call it legalized corruption, but it's something, right, So,

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Speaker 3: how are we supposed to do business? Let's say in

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Speaker 3: a country where you have to give gifts and that's

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Speaker 3: literally part of their business calls.

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Speaker 5: You send McKinsey consultants and you tell them how to

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Speaker 5: so you just cut.

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Speaker 4: It out, like yeah, but that's what I mean.

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Speaker 3: We're doing it anyway, so you might as well just

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Speaker 3: make it, you know, instead of adding a bunch of

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Speaker 3: legal red tape. It's like, yeah, we can't be corrupt here,

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Speaker 3: but if other places are corrupt, like, what are you

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Speaker 3: supposed to do?

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Speaker 4: It's not like they don't find we thoroughly corrupt too.

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Speaker 5: It's just that we've legalized it and we call it

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Speaker 5: lobbying and we call it campaign spending.

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Speaker 1: Right exactly. So are we are we just being a

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Speaker 1: little hypocritical there?

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Speaker 6: Yeah?

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Speaker 4: We're better than you. Yeah, we definitely. Okay, good, I'm

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Speaker 4: glad you agree with me.

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Speaker 3: All right, let's get to the Trump truth thing. This

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Speaker 3: is also important. Let's put this up there on the

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Speaker 3: screen from Donald Trump. I love Trump, so cool, the

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Speaker 3: greatest of them all, Trump being trump coin. Trump Coin,

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Speaker 3: of course, launched famous lots of questions coffee Zilla has

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Speaker 3: pointed out about pump and dump schemes and others. You

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Speaker 3: can actually see at the pump and dump that happened.

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Speaker 3: Let's put that on the screen. Immediately after he tweeted

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Speaker 3: or truthed or whatever about it, the coin shot up

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Speaker 3: to twelve twenty five immediately lost overall dollar value. But

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Speaker 3: I mean, part of the issue here with the transparency is,

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Speaker 3: you know, you don't know who owns this thing. You

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Speaker 3: have no idea who are some of the people who

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Speaker 3: had it, who some of the wallet holders are. There's

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Speaker 3: so much anonymity behind it. And just to have you know,

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Speaker 3: the Trump and the thing is the Trump family has

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Speaker 3: made it clear that not only do not have no

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Speaker 3: problem with this as part of their business strategy, like

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Speaker 3: Don Junior and others are literally partnered with what's that

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Speaker 3: called World Liberty Financial. I think it is just a

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Speaker 3: crypto organization behind that all sort of all Steve Wickoff's.

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Speaker 4: Son, by the way, it's just hilarious.

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Speaker 1: It's all a family business.

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Speaker 3: So my point is is that you can clearly see

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Speaker 3: I think that the more you see this type of

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Speaker 3: stuff and especially become people aware of it, you even

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Speaker 3: have like Dave Portnoy people like that who are calling

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Speaker 3: it out.

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Speaker 1: They're like, yeah, this is too much.

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Speaker 3: You know, there's just something about this which rubs people

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Speaker 3: the wrong way. And that's where with the Starling thing,

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Speaker 3: I come back to. The defense will be oh, but

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Speaker 3: it's the right company. It's like, yeah, maybe it is,

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Speaker 3: but that's not the point. The point is is it's

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Speaker 3: about the appearance itself. And I do think that's starting

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Speaker 3: to become very politically potent around the.

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Speaker 5: Country, and it becomes more potent if things are going

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Speaker 5: poorly in the country.

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Speaker 4: Oh absolutely, Like if.

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Speaker 3: As you and I remember that Haliburton was a household

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Speaker 3: name in through six, everybody knew about Halliburton and Dick

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Speaker 3: Cheney and what was it? What was the pharmaceutical company

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Speaker 3: that Rumsfeld is like Gilead Fund.

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Speaker 1: I'm serious, Like, guys.

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Speaker 3: Years ago, people who were the breaking points viewer of

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Speaker 3: twenty years ago was aware of all of this stuff,

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Speaker 3: and especially right I rock War caught no bid contracts

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Speaker 3: and all of that. In the federal government, there was

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Speaker 3: a real feeling that not only that this war is,

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Speaker 3: you know, killing America's troops, sons and daughters for something

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Speaker 3: that we didn't necessarily want or sign up for. But

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Speaker 3: it was also a pretext for bilking the American taxpayer.

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Speaker 1: It was a very politically powerful message.

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Speaker 5: And when the war's going okay, then the yeah people

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Speaker 5: were like, oh, Alburton, they're doing a good job.

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Speaker 4: Right.

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Speaker 5: The second that it turns then you have then you

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Speaker 5: have a plausible and legitimate scapegoad. It'd be like, oh, you,

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Speaker 5: you corrupt bastards, can't even wage the war.

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Speaker 4: Right.

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Speaker 5: So the parallel would be Trump's handling of the economy.

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Speaker 5: So if he can get prices down, keep unemployment low,

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Speaker 5: get mortgage interest rates down, interest rates down, and have

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Speaker 5: people feeling good about the economy, then be like, I,

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Speaker 5: you know, have your fun with your Trump coin. Yeah,

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Speaker 5: and all of this, like this weird thing where you've

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Speaker 5: got like a three time CEO as your like special

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Speaker 5: advisor with the kid on his shoulder, Like that's fine

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Speaker 5: because I'm doing well.

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Speaker 4: Yeah.

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Speaker 5: If if you start seeing job loss month over month,

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Speaker 5: unemployment going up, and you get stagflation with prices still

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Speaker 5: going up, then people are gonna be like, get enough

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Speaker 5: of this.

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Speaker 4: Stop. You don't get to rip us off while we're suffering.

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Speaker 5: You can rip us off if we're doing well, so

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Speaker 5: if we're all in this together, we're all making money,

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Speaker 5: then it's fine.

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Speaker 4: Then that's the best deal.

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Speaker 3: Yeah, it's like win win win, in words of Michael

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Speaker 3: Scott's all right, look it's we're on.

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Speaker 1: We got to watch it.

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Speaker 3: And I do think that this will eventually become not

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Speaker 3: only it's not just politics, because I've also been thinking

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Speaker 3: about Elon. If you are and this is going to be,

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Speaker 3: Oh my god, can you imagine if the Democrats win

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Speaker 3: the House of Representatives in twenty twenty six, the number

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Speaker 3: of hearings for Elon and for SpaceX, It's going to

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Speaker 3: be unbeliev the amount of subpoenas, the amount of government scrutiny,

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Speaker 3: the I mean, look, you know Elon and them accused

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Speaker 3: the Biden administration of lashing out at them. Good luck

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Speaker 3: if a Democrat ever wins the White House again, if

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Speaker 3: you're Tesla SpaceX and all that, as we all know,

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Speaker 3: it's very influenced by government contracts, you know, it's one

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Speaker 3: of those where and then not to mention the whole

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Speaker 3: brand hit that you were taking. This is like literally

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Speaker 3: an existential risk. And everyone was applauding him, saying, oh

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Speaker 3: he had it took an existential risk. It's like, yeah,

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Speaker 3: it'll work out for four years, but like that's not

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Speaker 3: really how the American government works, so good luck.

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Speaker 5: Yes, he's acting like he feels like there will never

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Speaker 5: be an opposition takeover.

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Speaker 3: I think we are one eighteen months away, you know,

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Speaker 3: when the Democrats, or let's say if the Democrats take

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Speaker 3: especially in the House because they have subpoena power. I mean,

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Speaker 3: the amount of legal red tape. We're talking about hundreds

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Speaker 3: of millions of dollars just in legal fees, compliance oversight Committee,

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Speaker 3: House Transportation Committee, specific writers, and every bill that exempts

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Speaker 3: Elon Musk's companies from participating a federal I mean, you

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Speaker 3: could see some serious, like serious serious ramifications for Elon himself.

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Speaker 3: And remember, I mean, was it Bannon went to jail

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Speaker 3: for contempt. Like this is not a joke, Like they

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Speaker 3: sure they'll refer to the DJ under Trump and they

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Speaker 3: won't do anything.

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Speaker 4: But Trump may not be around forever.

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Speaker 3: Like you could easily see in two years from now

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Speaker 3: or four years from now when Trump is out of

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Speaker 3: the White House and whoever the Democrat is, let's even

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Speaker 3: a Norman Democrat, I don't know, like Ruby Diego. Yeah,

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Speaker 3: Ruby Diego, John Assen, any of these folks.

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Speaker 1: Of course they're gonna do.

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Speaker 3: This is gonna be a core ask of mace, you know,

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Speaker 3: in the same way like pardon j Sixers and all

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Speaker 3: that stuff for for for Trump voters. This is gonna

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Speaker 3: be I think a core demand of a lot of

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Speaker 3: the liberal base going forward.

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Speaker 4: So yeah, I don't know.

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Speaker 3: And then the more self dealing you are and the

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Speaker 3: more government contracts you are, the more attack vectors that

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Speaker 3: the future has for you. You actually want to and

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Speaker 3: you'll government proof yourself if you're gonna do so.

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Speaker 5: Right, And this is before they've you know, broken soul

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Speaker 5: security or Medicare, like whatever, whatever calamity may befall this

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Speaker 5: administration between now and then hasn't hasn't come yet.

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Speaker 4: Maybe there will not won't be one and all the.

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Speaker 5: Checks will go out, yes, but if if they don't

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Speaker 5: look out, all right.

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Speaker 1: Steve Witkoff, tell us what's going on.

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Speaker 5: So this Steve Witcoff, middiast envoy who you know famously

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Speaker 5: browbeat Yahoo into the the January twentieth ceasefire, which moved

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Speaker 5: into which was supposed to move into phase two between

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Speaker 5: February and March, instead has resulted in Israel relaunching its

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Speaker 5: assault on Gaza. You had Witcoff joined Tucker Carlson for

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Speaker 5: a very long and interesting interview, but also do the

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Speaker 5: rounds some of the rest of the media in which

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Speaker 5: he kind of reverts back to the Biden administration argument

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Speaker 5: that actually this is all Hamas. Let's roll a little

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Speaker 5: bit of witcough here.

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Speaker 4: I know that you've said Hamas has been unreasonable in

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Speaker 4: trying to respond to another round of the next phase

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Speaker 4: of a ceasfire.

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Speaker 1: Where do we go from here?

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Speaker 4: What are the odds you get them back to the

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Speaker 4: table and get these hostages home.

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Speaker 7: Well, I certainly hope we get everybody back to the

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Speaker 7: table and get the hostages home. I was I was

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Speaker 7: in a Doha. I met with many of the Arab

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Speaker 7: leaders at the Arab summit. I thought we had a deal,

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Speaker 7: an acceptable deal. I even thought we had an approval

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Speaker 7: from Hamas. Maybe that's just me getting getting you know, duped,

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Speaker 7: but I thought we were there, and evidently we weren't.

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Speaker 7: So this is on Hamas. The United States stands with

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Speaker 7: the State of Israel. There's just us that's a one

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Speaker 7: hundred percent commitment, and we've expressed that Hamas had every

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Speaker 7: opportunity to demilitarize, to accept the bridging proposal that would

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Speaker 7: have given us a forty or fifty day cease fire

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Speaker 7: where we could have discussed demilitarization and a final truce.

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Speaker 7: There were all kinds of opportunities to do that, and

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Speaker 7: they elected not to, and this becomes the alternative, and

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Speaker 7: it is unfortunate. Do I think if would we be

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Speaker 7: amenable to reach out from Hamas, of course, we would

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Speaker 7: be no different than in the Russian conflict.

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Speaker 4: We want to end the killing, but.

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Speaker 7: We need to be clear who the aggressor is here,

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Speaker 7: and that is Hamas.

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Speaker 5: It feels almost impossible for people here in the United

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Speaker 5: States to have any clear sense of what on earth

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Speaker 5: is going on because we're so propagandized about this. If

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Speaker 5: you want to have a better idea what's going on,

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Speaker 5: you read the Israeli media. So there's the Times of

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Speaker 5: Israel article. And this is the kind of a right

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Speaker 5: leaning publication. This is not a retz like left leaning one.

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Speaker 5: This is Times of Israel article. They say, quote Hamas

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Speaker 5: has insisted on sticking to the original terms of the deal,

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Speaker 5: which was supposed to begin its second phase at the

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Speaker 5: beginning of March for a month, though Israel refused to

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Speaker 5: end talks on the specific terms of Phase two, as

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Speaker 5: the stage's general framework requires it to fully withdraw from

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Speaker 5: Gaza and agree to a permanent end of the war.

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Speaker 5: In submitting his Bridge proposal earlier this month, Witkof accepted

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Speaker 5: Israel's aversion to Phase two.

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Speaker 4: So this is what happened. They struck a deal.

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Speaker 5: The US guaranteed it, and then Israel insisted on breaking

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Speaker 5: the deal. And that is according to the Israeli pressed

440
00:20:25,800 --> 00:20:28,480
Speaker 5: and also according to reality. Like, that's actually what happened,

441
00:20:29,040 --> 00:20:31,879
Speaker 5: and Witkoff knows every detail of that.

442
00:20:32,080 --> 00:20:34,159
Speaker 4: I think we can only assume that this is the

443
00:20:34,200 --> 00:20:38,240
Speaker 4: same movement that took out Adam Bohler Witcoff for people.

444
00:20:38,280 --> 00:20:40,359
Speaker 3: Again, I need people to understand this with Wicoff, he

445
00:20:40,440 --> 00:20:43,760
Speaker 3: has been the target of more assault on a Trump

446
00:20:43,800 --> 00:20:48,080
Speaker 3: appointee than any single other individual. His temerity was what

447
00:20:48,560 --> 00:20:49,640
Speaker 3: he asked BB.

448
00:20:49,560 --> 00:20:50,239
Speaker 4: To work on.

449
00:20:50,280 --> 00:20:53,040
Speaker 1: Shabbati agreed to a c smart You.

450
00:20:52,960 --> 00:20:56,320
Speaker 3: Think I'm joking that they cannot tolerate this, like any

451
00:20:56,840 --> 00:21:00,600
Speaker 3: sense of America is the superpower here? No, Oh, that's

452
00:21:00,600 --> 00:21:03,720
Speaker 3: why Bowler he was disappeared, right, he might he's he's

453
00:21:03,720 --> 00:21:05,000
Speaker 3: an Il Salvador.

454
00:21:04,640 --> 00:21:06,360
Speaker 1: Along with all those other guys. You're never even gonna

455
00:21:06,359 --> 00:21:09,359
Speaker 1: see him again. The same with the Wickoff.

456
00:21:09,440 --> 00:21:11,920
Speaker 3: Like the thing that they decided on is that he's

457
00:21:11,920 --> 00:21:14,960
Speaker 3: a Katari asset number one and then number two, which

458
00:21:15,040 --> 00:21:19,800
Speaker 3: is which is so ridiculous. Again, I tweeted that I

459
00:21:19,800 --> 00:21:22,000
Speaker 3: think he saw it as well, where I was like, really,

460
00:21:22,240 --> 00:21:24,560
Speaker 3: like the people who are in the Israel lobby are

461
00:21:24,560 --> 00:21:27,280
Speaker 3: going to accuse people being funded by a foreign government,

462
00:21:27,320 --> 00:21:28,359
Speaker 3: like do you have no shame?

463
00:21:28,800 --> 00:21:28,879
Speaker 4: Like?

464
00:21:28,960 --> 00:21:29,760
Speaker 1: Have you no shame?

465
00:21:30,000 --> 00:21:34,040
Speaker 5: As as we speak, Netanya, who's sent inner circle is

466
00:21:34,119 --> 00:21:36,520
Speaker 5: under investigation for taking bribes, food cuts her.

467
00:21:38,800 --> 00:21:39,760
Speaker 1: It can't make it up.

468
00:21:40,240 --> 00:21:43,000
Speaker 3: You literally cannot script it. And yet here in Washington,

469
00:21:43,080 --> 00:21:44,879
Speaker 3: like you said, we can't talk about any of this now.

470
00:21:44,880 --> 00:21:46,919
Speaker 5: The other things you will learn if you follow the

471
00:21:47,000 --> 00:21:49,119
Speaker 5: Israeli press, but not the American press, although if you

472
00:21:49,119 --> 00:21:50,640
Speaker 5: follow breaking Points, you hear about it.

473
00:21:51,320 --> 00:21:52,359
Speaker 4: Why did net Ya.

474
00:21:52,320 --> 00:21:54,679
Speaker 5: Who refused to go into phase two? Why did he

475
00:21:54,760 --> 00:21:58,760
Speaker 5: choose this time? A couple of different things. The head

476
00:21:58,760 --> 00:22:01,720
Speaker 5: of the shin Bet was instigating net Yahu, so he

477
00:22:02,119 --> 00:22:05,440
Speaker 5: fired fired first time in Israeli history that this happens,

478
00:22:05,720 --> 00:22:08,640
Speaker 5: and he needs political support to do that. He has

479
00:22:08,680 --> 00:22:11,359
Speaker 5: to finish a budget by the end of this month,

480
00:22:11,400 --> 00:22:14,639
Speaker 5: and to do that he needed Zoe Smoch and Benjy Gevier,

481
00:22:14,840 --> 00:22:17,520
Speaker 5: you know, back in his coalition. And so in order

482
00:22:17,560 --> 00:22:21,120
Speaker 5: to do that, he had to restart the genocide on

483
00:22:21,119 --> 00:22:25,080
Speaker 5: on Gaza. There were protests against the firing of the

484
00:22:25,080 --> 00:22:25,800
Speaker 5: shin bet Head.

485
00:22:26,520 --> 00:22:29,840
Speaker 4: Huge, really real like James Comey level, as.

486
00:22:29,720 --> 00:22:33,160
Speaker 5: Well as massive protests on behalf of getting the remaining

487
00:22:33,160 --> 00:22:38,440
Speaker 5: captives out of out of Gaza, and net Yaho's corruption

488
00:22:38,560 --> 00:22:42,760
Speaker 5: trial was moving forward launching the bombing.

489
00:22:42,800 --> 00:22:45,800
Speaker 4: When he did allowed the trial to be delayed.

490
00:22:47,200 --> 00:22:50,240
Speaker 5: I feel like you say this stuff out loud, you

491
00:22:50,320 --> 00:22:51,560
Speaker 5: sound like a crazy person.

492
00:22:52,160 --> 00:22:54,640
Speaker 4: It's like, this can't this can't be true.

493
00:22:54,680 --> 00:22:58,400
Speaker 5: This can't be why hundreds and hundreds of people are

494
00:22:58,480 --> 00:23:01,840
Speaker 5: getting are getting killed right now so that Ho can

495
00:23:01,840 --> 00:23:04,360
Speaker 5: could get his budget passed and can avoid his corruption

496
00:23:04,440 --> 00:23:07,639
Speaker 5: trial and can and can suppress these protests and the

497
00:23:07,680 --> 00:23:13,240
Speaker 5: investigations into himself. Right Yet, that is precisely and explicitly

498
00:23:13,320 --> 00:23:14,480
Speaker 5: what is happening.

499
00:23:14,880 --> 00:23:17,080
Speaker 4: Right But that's you know, not enough.

500
00:23:17,359 --> 00:23:20,120
Speaker 3: And Wick Cough, like I said, he has just changed

501
00:23:20,119 --> 00:23:23,320
Speaker 3: his tune completely on the Hamas question.

502
00:23:23,560 --> 00:23:24,240
Speaker 1: Remember Bowler.

503
00:23:24,280 --> 00:23:26,480
Speaker 3: He's like, yeah, they're afraid that we might find out

504
00:23:26,520 --> 00:23:28,560
Speaker 3: they're good guys, you know, like that born and he's like,

505
00:23:28,600 --> 00:23:30,359
Speaker 3: I understand why they're upset, but we're not a client

506
00:23:30,440 --> 00:23:35,480
Speaker 3: of Israel. Oop oops gone black bag clearly over his head.

507
00:23:35,960 --> 00:23:39,000
Speaker 3: Here's Wick Cough, you know, basically sounding off on Tucker Carlson.

508
00:23:39,359 --> 00:23:41,680
Speaker 3: Same stuff we've heard a million times. Let's take a listen.

509
00:23:42,080 --> 00:23:44,560
Speaker 3: This is Southern Command of Israel. Then showed me a

510
00:23:44,600 --> 00:23:47,520
Speaker 3: film of what happened on October seventh, yep. And the

511
00:23:47,560 --> 00:23:52,560
Speaker 3: film is horrific. Yes, it is about mass rapes.

512
00:23:53,240 --> 00:23:54,960
Speaker 5: He talks about the head of babies and stuff. Is like,

513
00:23:55,920 --> 00:23:58,439
Speaker 5: I haven't seen this forty seven minute video that they have.

514
00:23:58,640 --> 00:24:02,840
Speaker 5: You show could the people have been people have been

515
00:24:02,920 --> 00:24:04,560
Speaker 5: very clear about what's in it, and none of that

516
00:24:04,680 --> 00:24:07,119
Speaker 5: is in it. That's just it's just a lie. Like

517
00:24:07,160 --> 00:24:10,080
Speaker 5: it's just untrue that that video includes any of that.

518
00:24:10,680 --> 00:24:11,639
Speaker 4: Just it just doesn't.

519
00:24:12,119 --> 00:24:15,000
Speaker 5: But yes, it does show how chastened he is from Uh,

520
00:24:15,040 --> 00:24:18,479
Speaker 5: you know, Bowler getting getting knocked on his heels and

521
00:24:18,520 --> 00:24:22,600
Speaker 5: so what is the consequence for people on the ground

522
00:24:22,840 --> 00:24:27,080
Speaker 5: in Gaza? Uh we put up D three here. So

523
00:24:27,200 --> 00:24:30,159
Speaker 5: Nasar hospital. So this is, by the way, that's that

524
00:24:30,280 --> 00:24:34,520
Speaker 5: is a tent. There's a tent encampment. These are these

525
00:24:34,520 --> 00:24:36,760
Speaker 5: are like two thousand pound bonds being dropped on tents

526
00:24:37,280 --> 00:24:40,359
Speaker 5: and what what Israel has been doing that's not hospital.

527
00:24:40,400 --> 00:24:41,480
Speaker 4: We'll talk about that in a second.

528
00:24:42,000 --> 00:24:45,280
Speaker 5: Is after they have acknowledged that they were responsible for

529
00:24:45,600 --> 00:24:48,920
Speaker 5: that air that air strike that that you saw on

530
00:24:48,960 --> 00:24:51,520
Speaker 5: the on the tent encampment there that they said there

531
00:24:51,600 --> 00:24:55,480
Speaker 5: was a Hamas figure who was in one of the tents,

532
00:24:56,440 --> 00:25:00,840
Speaker 5: and that therefore that's why they believe that they the

533
00:25:00,920 --> 00:25:03,160
Speaker 5: you know, the moral and legal right to kill all

534
00:25:03,200 --> 00:25:06,360
Speaker 5: of the people that were anywhere near them.

535
00:25:07,560 --> 00:25:11,240
Speaker 1: It is crazy. Just linger on that. Not that long ago.

536
00:25:11,560 --> 00:25:14,640
Speaker 3: There's a whole Wolf Blitzer segment, you know, talking about

537
00:25:14,760 --> 00:25:18,199
Speaker 3: ten the first tent bombing it. Remember Blitzer asked him

538
00:25:18,240 --> 00:25:21,359
Speaker 3: about even he criticized he's a former APAC employee, all

539
00:25:21,400 --> 00:25:21,920
Speaker 3: this other thuff.

540
00:25:21,920 --> 00:25:23,479
Speaker 1: Even he's like, hey, guys, like, what are we doing here?

541
00:25:23,520 --> 00:25:23,920
Speaker 4: Nowadays?

542
00:25:23,920 --> 00:25:26,880
Speaker 3: It's not even a headline anymore, it's just reality. It's

543
00:25:26,920 --> 00:25:29,760
Speaker 3: just the day, you know, of the business. Like you said,

544
00:25:29,960 --> 00:25:31,919
Speaker 3: if this is done for a purpose, like you know,

545
00:25:31,920 --> 00:25:35,960
Speaker 3: if you think back to the Allied bombing campaigns against

546
00:25:36,080 --> 00:25:39,479
Speaker 3: Germany and Japan. The purpose, at least ostensibly we can

547
00:25:39,560 --> 00:25:41,960
Speaker 3: argue about it, you know, probably forever is what is

548
00:25:42,000 --> 00:25:45,320
Speaker 3: to destroy the war machine of Germany and the ability

549
00:25:45,359 --> 00:25:47,600
Speaker 3: and the will of the German public and the war

550
00:25:47,720 --> 00:25:50,480
Speaker 3: machine of Germany. Here though, they're like, oh well, we

551
00:25:50,560 --> 00:25:53,479
Speaker 3: need to kill every last terrorist, and you're like, okay,

552
00:25:53,600 --> 00:25:56,480
Speaker 3: but you know, by your own admission, like this has

553
00:25:56,560 --> 00:25:59,240
Speaker 3: not worked. He's done this for two years. Rockets are

554
00:25:59,280 --> 00:26:02,399
Speaker 3: launched from Goda onto was it Tel Aviv?

555
00:26:02,440 --> 00:26:03,439
Speaker 1: Some city in.

556
00:26:03,320 --> 00:26:05,800
Speaker 3: Israel, just like a last week, which is one of

557
00:26:05,840 --> 00:26:08,080
Speaker 3: the core competencies that you said that you were going

558
00:26:08,119 --> 00:26:10,480
Speaker 3: to wipe out, which is actually proof that it's not

559
00:26:10,560 --> 00:26:11,280
Speaker 3: working right now.

560
00:26:11,320 --> 00:26:12,200
Speaker 4: You would think that you would.

561
00:26:12,000 --> 00:26:15,520
Speaker 3: Adjust strategy here in Washington during the Second World War

562
00:26:15,720 --> 00:26:18,720
Speaker 3: whenever we see you know, we would do bombing assessments wherever, like, Okay,

563
00:26:18,800 --> 00:26:20,159
Speaker 3: this didn't work, We've got to change to this. We're

564
00:26:20,160 --> 00:26:21,879
Speaker 3: gonna try this. We're gonna try that. We're going to

565
00:26:21,960 --> 00:26:24,000
Speaker 3: do a change of tactics. We need to change all

566
00:26:24,359 --> 00:26:28,200
Speaker 3: It's it's almost like that the strategy, the strategic goal

567
00:26:28,440 --> 00:26:31,160
Speaker 3: is non existent because it's tied to their political ends

568
00:26:31,160 --> 00:26:32,160
Speaker 3: at home exactly.

569
00:26:32,240 --> 00:26:33,840
Speaker 5: And it goes back to what we were just saying.

570
00:26:35,160 --> 00:26:37,840
Speaker 5: The strategy has nothing to do with the war. It's

571
00:26:37,840 --> 00:26:40,119
Speaker 5: all about these domestic political interests. It would be as

572
00:26:40,160 --> 00:26:44,760
Speaker 5: if FDR was bombing Berlin because FDR had a corruption

573
00:26:44,840 --> 00:26:48,240
Speaker 5: trial on Tuesday and he's trying to fire like the

574
00:26:48,280 --> 00:26:51,760
Speaker 5: head of the OSS, because the OSS is looking into FDR,

575
00:26:53,119 --> 00:26:55,000
Speaker 5: and he's also on the take from Cutter, which didn't

576
00:26:55,040 --> 00:27:01,360
Speaker 5: exist yet or Yeah, So that that that explains why

577
00:27:01,440 --> 00:27:04,920
Speaker 5: then none of it makes sense from a strategic or

578
00:27:04,960 --> 00:27:07,840
Speaker 5: even a tactical perspective because it's not actually aimed to

579
00:27:08,119 --> 00:27:09,040
Speaker 5: make any sense.

580
00:27:09,080 --> 00:27:09,440
Speaker 4: And so.

581
00:27:11,200 --> 00:27:14,440
Speaker 5: There are two this and the last piece we showed

582
00:27:14,440 --> 00:27:16,080
Speaker 5: you there was Nasar Hospital that was the second floor

583
00:27:16,080 --> 00:27:20,000
Speaker 5: of Naser Hospital directly targeted by it in Israeli airstrike.

584
00:27:20,320 --> 00:27:25,680
Speaker 5: Earlier yesterday, Ferro Saidwa and Mark Permutter were on CNN

585
00:27:26,840 --> 00:27:31,320
Speaker 5: from Nasser Hospital talking about the crimes that they were

586
00:27:31,320 --> 00:27:37,320
Speaker 5: seeing being committed by Israeli forces. Perlmutter, you famously may recall,

587
00:27:37,840 --> 00:27:39,560
Speaker 5: was one of the authors of that New York Times

588
00:27:39,640 --> 00:27:49,840
Speaker 5: article talking about how the the Israeli forces were targeting children, snipers, headshots, shot.

589
00:27:49,640 --> 00:27:50,199
Speaker 4: In the heart.

590
00:27:50,560 --> 00:27:56,440
Speaker 5: It became this thing where the Israeli defenders said this

591
00:27:56,480 --> 00:28:00,240
Speaker 5: is all made up. Then they started you started having

592
00:28:00,240 --> 00:28:03,280
Speaker 5: people online like you know, parsing the different x rays

593
00:28:03,880 --> 00:28:06,640
Speaker 5: and so times that looked back in It was like, no,

594
00:28:06,680 --> 00:28:09,680
Speaker 5: we ran this by like dozens of other medical experts

595
00:28:09,720 --> 00:28:12,040
Speaker 5: and what they are saying is true. So these are

596
00:28:12,119 --> 00:28:15,800
Speaker 5: high profile critics who had been in Gaza before left Gaza.

597
00:28:16,080 --> 00:28:19,400
Speaker 5: American doctors now are back in Gaza in Naser Hospital

598
00:28:20,040 --> 00:28:25,520
Speaker 5: and are going back on CNN criticizing the Israeli war machine.

599
00:28:25,640 --> 00:28:29,399
Speaker 5: And later that day, a missile targets the second floor

600
00:28:30,160 --> 00:28:34,400
Speaker 5: of the hospital. They claim they were targeting some Hamaska.

601
00:28:35,240 --> 00:28:39,480
Speaker 5: According to the medical staff there, there was a seventeen

602
00:28:39,520 --> 00:28:42,080
Speaker 5: year old who was going who was supposed to be

603
00:28:42,120 --> 00:28:43,040
Speaker 5: going in for surgery.

604
00:28:44,160 --> 00:28:46,120
Speaker 4: As a result of this attack, he died.

605
00:28:47,440 --> 00:28:51,959
Speaker 5: He wasn't he didn't he wasn't killed directly from it,

606
00:28:52,160 --> 00:28:54,320
Speaker 5: but he couldn't get the surgery that he needed and

607
00:28:54,360 --> 00:28:58,600
Speaker 5: as a result died. We're still sorting through exactly you

608
00:28:58,640 --> 00:29:01,000
Speaker 5: know what the what the other casually as are.

609
00:29:01,040 --> 00:29:04,600
Speaker 4: You can put up D five. This is from this

610
00:29:04,640 --> 00:29:05,800
Speaker 4: is from drop site News.

611
00:29:06,760 --> 00:29:10,800
Speaker 5: Doctor Sidwah told us that the explosion hit either the

612
00:29:10,800 --> 00:29:11,640
Speaker 5: hospital building.

613
00:29:11,480 --> 00:29:12,240
Speaker 4: Or just outside of it.

614
00:29:12,320 --> 00:29:14,000
Speaker 5: This was in the fog of the early moments, and

615
00:29:14,040 --> 00:29:15,640
Speaker 5: the front of the hospital is on fire, he said.

616
00:29:15,680 --> 00:29:17,480
Speaker 5: A patient it was about to be transferred from the

617
00:29:17,680 --> 00:29:19,960
Speaker 5: ICU to the operating room, is now and hold it

618
00:29:19,960 --> 00:29:24,720
Speaker 5: almost certainly going to die unquote that patient. That patient

619
00:29:24,800 --> 00:29:28,880
Speaker 5: did in fact, ie, you can put up D six

620
00:29:29,240 --> 00:29:32,720
Speaker 5: as well. This is a report from the scene. You

621
00:29:32,720 --> 00:29:37,720
Speaker 5: can see the fire and that and the hell of

622
00:29:37,800 --> 00:29:40,720
Speaker 5: Delpartaris says, this is not the first time nor the

623
00:29:40,760 --> 00:29:41,960
Speaker 5: second time that hospitals have.

624
00:29:41,920 --> 00:29:42,880
Speaker 4: Been directly targeted.

625
00:29:43,120 --> 00:29:46,000
Speaker 5: Israeli occupation forces are directly targeted, so the surgical department

626
00:29:46,040 --> 00:29:49,120
Speaker 5: inside not certain medical complex directly target with the wounded

627
00:29:49,120 --> 00:29:53,560
Speaker 5: patients and medical staff all inside of the complex. And

628
00:29:53,600 --> 00:29:59,080
Speaker 5: it reminds me very early in this what turned out

629
00:29:59,120 --> 00:30:03,960
Speaker 5: to be a genocide. There was this weeks long debate

630
00:30:04,040 --> 00:30:06,840
Speaker 5: here in the United States about that whether or not

631
00:30:08,000 --> 00:30:11,440
Speaker 5: Palaestdinian Islami Jahad rocket or an IDF rocket had targeted

632
00:30:11,440 --> 00:30:12,560
Speaker 5: a particular hospital.

633
00:30:15,560 --> 00:30:16,520
Speaker 4: And since then.

634
00:30:18,080 --> 00:30:21,760
Speaker 5: Israel has hit every single medical facility in Gaza, and

635
00:30:21,880 --> 00:30:27,240
Speaker 5: hit many of them multiple times. Earlier this week, they detonated, planned,

636
00:30:27,960 --> 00:30:32,960
Speaker 5: planned demolition of the only cancer treatment facility in Gaza.

637
00:30:36,480 --> 00:30:39,600
Speaker 5: And you compare that with this furious denial that they

638
00:30:39,720 --> 00:30:42,520
Speaker 5: had attacked this one hospital back in like November of

639
00:30:42,560 --> 00:30:46,480
Speaker 5: twenty twenty three. It shows you, like where the world

640
00:30:46,520 --> 00:30:51,000
Speaker 5: has gone in the time since, because that was outrageous

641
00:30:51,040 --> 00:30:53,080
Speaker 5: when it happened, to the point where they had to

642
00:30:53,200 --> 00:30:56,720
Speaker 5: deny that they did anything, and all these ocent people

643
00:30:56,840 --> 00:30:59,800
Speaker 5: doing this for there are forensic work on it, and

644
00:31:00,080 --> 00:31:02,880
Speaker 5: now they're like, yeah, we hit that hospital with the

645
00:31:02,920 --> 00:31:04,000
Speaker 5: American doctors in it.

646
00:31:04,160 --> 00:31:06,320
Speaker 4: Uh huh, what about it? What are you going to do?

647
00:31:07,080 --> 00:31:10,720
Speaker 4: We're like, not could do anything. Actually, nobody's gonna do anything.

648
00:31:10,760 --> 00:31:13,120
Speaker 3: I think what is stunning to me about wick Cough

649
00:31:13,480 --> 00:31:18,440
Speaker 3: was his is his clear about face. And it's just

650
00:31:18,600 --> 00:31:23,120
Speaker 3: clear the political forces at work that are trying to

651
00:31:23,280 --> 00:31:26,560
Speaker 3: move everything. The chessboard is clear to anybody who can

652
00:31:26,600 --> 00:31:30,080
Speaker 3: watch it all happen. The Pentagon is developing these war plans.

653
00:31:30,320 --> 00:31:32,920
Speaker 3: So wick Cough wins in the early days, the first

654
00:31:32,920 --> 00:31:35,160
Speaker 3: fifty days, I would say he's the victor. Adam Bohler

655
00:31:35,280 --> 00:31:37,440
Speaker 3: is the high water mark of anybody who wanted to

656
00:31:37,440 --> 00:31:40,400
Speaker 3: see a departure. But his problem is he said the

657
00:31:40,440 --> 00:31:42,560
Speaker 3: wrong the quiet part out loud. We are not a

658
00:31:42,560 --> 00:31:46,080
Speaker 3: client's meet of Israel. Boom lopped. What happens a week

659
00:31:46,200 --> 00:31:47,840
Speaker 3: later Yemen? Who the bomb?

660
00:31:48,040 --> 00:31:48,200
Speaker 4: Right?

661
00:31:48,240 --> 00:31:48,640
Speaker 1: Because what?

662
00:31:49,040 --> 00:31:52,440
Speaker 3: Because people can finally point to the Adam Bohler Wick

663
00:31:52,480 --> 00:31:54,360
Speaker 3: Coff sees fire and all and say no, this is

664
00:31:54,400 --> 00:31:57,280
Speaker 3: not working. The convinced Trump and the people around him

665
00:31:57,360 --> 00:31:59,240
Speaker 3: who are neo cons and others so like, see, we

666
00:31:59,280 --> 00:32:01,960
Speaker 3: have to be strong, right, So we start to bomb

667
00:32:02,040 --> 00:32:04,120
Speaker 3: Yemen and the who thies and that leads to what

668
00:32:04,920 --> 00:32:08,760
Speaker 3: more of a policy on Iran, which is, oh, well,

669
00:32:08,800 --> 00:32:11,480
Speaker 3: we previously Trump said let's have a deal.

670
00:32:11,520 --> 00:32:13,320
Speaker 1: I want to talk to you, like, let's have a diplomat.

671
00:32:13,520 --> 00:32:16,320
Speaker 3: Now they're like, oh, Iran will be held responsible for

672
00:32:16,400 --> 00:32:19,040
Speaker 3: every Yemeny rocket. And then at the same time, what

673
00:32:19,080 --> 00:32:22,280
Speaker 3: else happens? Oh, the Gaza war breaks out again, which

674
00:32:22,320 --> 00:32:25,120
Speaker 3: means that the increase in the attacks in Yemen and

675
00:32:25,280 --> 00:32:28,240
Speaker 3: or stability all around the region is going to increase.

676
00:32:28,280 --> 00:32:30,880
Speaker 3: And as all of this starts to tick up, the

677
00:32:30,960 --> 00:32:33,960
Speaker 3: divergence of that time becomes more clear. This is the

678
00:32:34,000 --> 00:32:37,560
Speaker 3: policy apparatus and decisions that they want. They want an

679
00:32:37,640 --> 00:32:39,880
Speaker 3: environment where it's much more likely to go to war

680
00:32:39,880 --> 00:32:42,400
Speaker 3: with Iran to quote unquote be strong with Iran, to

681
00:32:42,440 --> 00:32:44,840
Speaker 3: bring critics and all those like Quick Cough and others

682
00:32:45,040 --> 00:32:47,640
Speaker 3: to heal. And they want to get away from any

683
00:32:47,720 --> 00:32:48,960
Speaker 3: reality where Trump.

684
00:32:49,560 --> 00:32:51,600
Speaker 1: I think Trump did want them. I mean he liked

685
00:32:51,640 --> 00:32:52,480
Speaker 1: being the peacemaker.

686
00:32:52,640 --> 00:32:54,800
Speaker 3: I think he also really likes the idea of talking

687
00:32:54,840 --> 00:32:58,080
Speaker 3: to the Iatola signing a great Iran deal.

688
00:32:58,120 --> 00:33:00,560
Speaker 4: But it's going is right.

689
00:33:00,600 --> 00:33:02,840
Speaker 3: I mean, look, I'm gonna hold I hope for the

690
00:33:02,840 --> 00:33:05,160
Speaker 3: stake of all of us that it does happen that way.

691
00:33:05,160 --> 00:33:08,720
Speaker 3: But I'm watching the chessboard right all move where you know,

692
00:33:08,800 --> 00:33:11,560
Speaker 3: one year, two years, you never know. It just takes

693
00:33:11,560 --> 00:33:13,640
Speaker 3: one event and things pop off like that.

694
00:33:13,840 --> 00:33:17,000
Speaker 5: The only hope remaining is also in the Tucker Carlson

695
00:33:17,080 --> 00:33:22,560
Speaker 5: Witcoff interview, and it's Witcof talking at length about how

696
00:33:22,600 --> 00:33:25,880
Speaker 5: important a deal with Iran and a broader Mid East

697
00:33:26,000 --> 00:33:31,760
Speaker 5: deal is to Trump. And as Witkoff says accurately, it

698
00:33:31,800 --> 00:33:36,120
Speaker 5: all runs through Gaza. Like the Abraham Accords, fundamental flaw

699
00:33:36,240 --> 00:33:39,840
Speaker 5: was that it pretended the Palestine question could just be

700
00:33:39,920 --> 00:33:44,680
Speaker 5: completely ignored. Now people like Witcoff and Trump understand that's

701
00:33:44,720 --> 00:33:48,120
Speaker 5: not the case. You want Saudi Arabia, the amiradis Iran

702
00:33:49,080 --> 00:33:52,960
Speaker 5: all to kind of come to an actual accord. You

703
00:33:53,000 --> 00:33:55,920
Speaker 5: got to figure out what you're doing with Gaza and

704
00:33:55,960 --> 00:33:56,720
Speaker 5: with the West Bank.

705
00:33:56,960 --> 00:34:01,480
Speaker 3: Interesting tweet Ryan just now minutes ago from JD Vance.

706
00:34:01,560 --> 00:34:03,960
Speaker 3: Steve Whitkoff is a great guy, doing an incredible job.

707
00:34:04,000 --> 00:34:06,000
Speaker 3: The people sniping and Naim are mad that he's succeeding

708
00:34:06,000 --> 00:34:08,080
Speaker 3: where they failed for forty years. Turns out a lot

709
00:34:08,080 --> 00:34:10,200
Speaker 3: of diplomacy boils down to a simple skill. Don't be

710
00:34:10,600 --> 00:34:12,680
Speaker 3: an idiot. What do you make of that? That seems

711
00:34:12,719 --> 00:34:13,560
Speaker 3: like a that's.

712
00:34:13,400 --> 00:34:14,479
Speaker 4: A bat signal? Good?

713
00:34:14,600 --> 00:34:14,799
Speaker 1: You know?

714
00:34:15,520 --> 00:34:21,440
Speaker 5: JD Vance has a powerful faction within particularly the Pentagon,

715
00:34:21,640 --> 00:34:25,600
Speaker 5: but also the broader foreign policy apparatus that is America

716
00:34:25,640 --> 00:34:30,600
Speaker 5: First Pieces, much more realist. He's oriented right, and that

717
00:34:30,760 --> 00:34:31,640
Speaker 5: he's stepping in.

718
00:34:32,760 --> 00:34:33,440
Speaker 1: I can't tell.

719
00:34:33,600 --> 00:34:36,240
Speaker 3: Well, so he's that bat that's a bat signal for something?

720
00:34:36,680 --> 00:34:38,879
Speaker 3: It could be on Ukraine. We'll probably cover that tomorrow.

721
00:34:38,920 --> 00:34:40,800
Speaker 3: We don't have time to get into it all today

722
00:34:40,880 --> 00:34:44,360
Speaker 3: because Steve also made quite a few controversial comments on Ukraine.

723
00:34:44,360 --> 00:34:48,359
Speaker 3: If you're a Ukraine firster here in Washington, basically saying, yeah,

724
00:34:48,400 --> 00:34:50,400
Speaker 3: we're gonna have to have territorial concessions, and they're like,

725
00:34:50,400 --> 00:34:52,759
Speaker 3: oh my god, you freaking out about it. But I

726
00:34:52,800 --> 00:34:55,560
Speaker 3: do think that that's a subtle way of also signaling

727
00:34:55,600 --> 00:34:58,399
Speaker 3: against some of these neo kan attacks. But unfortunately, I'm

728
00:34:58,440 --> 00:35:00,160
Speaker 3: just I'm not sure. I think it might be too

729
00:35:00,239 --> 00:35:02,560
Speaker 3: late because at this point, you know, with Wikkoff, if

730
00:35:02,560 --> 00:35:05,360
Speaker 3: you're going in public, you know, basically embracing the Israeli

731
00:35:05,400 --> 00:35:08,759
Speaker 3: line of where the war is and sidelining out of

732
00:35:08,840 --> 00:35:12,439
Speaker 3: Bowler and instead letting Mike Walton all these other guys

733
00:35:12,440 --> 00:35:15,680
Speaker 3: who are just straight up Neil Cohns back into the

734
00:35:15,760 --> 00:35:18,520
Speaker 3: decision making. It doesn't seem like it's a situation that's

735
00:35:18,560 --> 00:35:20,680
Speaker 3: going to go in the direction that we would have hoped,

736
00:35:20,719 --> 00:35:22,480
Speaker 3: let's say, in the first month or so the Trumpetinustry.

737
00:35:22,600 --> 00:35:26,840
Speaker 5: Yeah, the best hope would be that he just understands,

738
00:35:27,400 --> 00:35:31,160
Speaker 5: particularly after the Bowler situation, these are the words you say, Yeah,

739
00:35:31,200 --> 00:35:34,200
Speaker 5: no matter what happens, you blame hamas right and you

740
00:35:34,239 --> 00:35:36,120
Speaker 5: say Israel has the right to defend itself.

741
00:35:36,200 --> 00:35:37,680
Speaker 4: Now he does have magic words.

742
00:35:37,760 --> 00:35:40,240
Speaker 3: If he doesn't have publiclyans still breaks Babe. Behind the scenes,

743
00:35:40,239 --> 00:35:40,799
Speaker 3: I'm fine with.

744
00:35:40,760 --> 00:35:44,160
Speaker 5: It, okay, Right, he's he's still an American, so he

745
00:35:44,160 --> 00:35:45,080
Speaker 5: has to say the magic one.

746
00:35:45,160 --> 00:35:48,640
Speaker 1: Yeah, yeah, so maybe fault, that's right. Do you condemn Hama?

747
00:35:50,320 --> 00:35:53,080
Speaker 5: Do you condemn Hamas for Israel striking the NAS hospital?

748
00:35:53,080 --> 00:35:55,960
Speaker 5: Come like absolutely, Yeah, outrageous on the part of Mamas.

749
00:35:56,200 --> 00:36:00,680
Speaker 4: That's a good way. I like it. Let's get over

750
00:36:00,719 --> 00:36:01,840
Speaker 4: to the economy block.

751
00:36:01,880 --> 00:36:05,759
Speaker 3: We had to cover this, so Secretary Lutnick over at

752
00:36:06,080 --> 00:36:07,719
Speaker 3: the Commerce Department.

753
00:36:08,160 --> 00:36:10,520
Speaker 1: Yeah, I do have I like Howard.

754
00:36:10,280 --> 00:36:15,560
Speaker 3: Lud too, just because he is he's just built for

755
00:36:15,640 --> 00:36:18,920
Speaker 3: this moment in terms of the absolute chaos, where he's

756
00:36:18,920 --> 00:36:21,920
Speaker 3: got the smile on his face, believes nothing, a pure

757
00:36:22,560 --> 00:36:26,800
Speaker 3: just a pure opportunist. Jettisoned himself to the top of

758
00:36:26,840 --> 00:36:29,040
Speaker 3: the United States government by being the Trump co chair

759
00:36:29,080 --> 00:36:32,160
Speaker 3: of his campaign. Do you remember during the campaign when

760
00:36:32,200 --> 00:36:35,960
Speaker 3: he put himself in the speaking slot before or after

761
00:36:36,080 --> 00:36:38,799
Speaker 3: j D. Vance, Like he put JD up there, and

762
00:36:38,840 --> 00:36:43,080
Speaker 3: then it was Lutnik and then Elon and then Trump

763
00:36:43,160 --> 00:36:45,399
Speaker 3: and everyone was like Lutnick, like.

764
00:36:45,360 --> 00:36:48,839
Speaker 1: Why is he getting a star billing at this time?

765
00:36:48,840 --> 00:36:52,000
Speaker 3: He's the one and he's still upset, Howard Lutning get

766
00:36:52,000 --> 00:36:54,080
Speaker 3: still upset that he's not the US Treasury Secretary. He

767
00:36:54,080 --> 00:36:57,680
Speaker 3: thinks it's a downgrade that he's the head of the commerce, right. Yeah, no,

768
00:36:57,719 --> 00:37:01,880
Speaker 3: he is well ish because remember commerce powerful with terrors. Anyway,

769
00:37:02,040 --> 00:37:06,440
Speaker 3: Howard Ludnik sits down with the All In podcast crew, Chamath, Polyhopatia,

770
00:37:06,520 --> 00:37:10,600
Speaker 3: and Friedberg in this crazy set that they use sometimes

771
00:37:10,640 --> 00:37:12,480
Speaker 3: over at the White House.

772
00:37:12,280 --> 00:37:15,200
Speaker 1: And in the Magisty, in the majesty.

773
00:37:14,719 --> 00:37:18,160
Speaker 3: Of the Imperium of the White House, the capital of

774
00:37:18,160 --> 00:37:21,960
Speaker 3: the global Empire. He starts to make some pretty unhinged

775
00:37:22,000 --> 00:37:23,320
Speaker 3: comments about Social Security.

776
00:37:23,560 --> 00:37:24,320
Speaker 4: Let's take a listen.

777
00:37:24,560 --> 00:37:27,879
Speaker 6: I describe it to people this way. Let's say Social

778
00:37:27,920 --> 00:37:30,359
Speaker 6: Security didn't send out their checks.

779
00:37:31,640 --> 00:37:32,160
Speaker 4: This month.

780
00:37:33,239 --> 00:37:37,000
Speaker 6: My mother in law, who's ninety four, she wouldn't call

781
00:37:37,040 --> 00:37:40,319
Speaker 6: and complain. She just wouldn't. She thinks something got messed

782
00:37:40,400 --> 00:37:45,920
Speaker 6: up and she'll get it next month. A fraudster always

783
00:37:47,200 --> 00:37:51,600
Speaker 6: makes the loudest noise, screaming, yelling and complaining. And if

784
00:37:51,800 --> 00:37:54,719
Speaker 6: all the guys who did PayPal, like Elon knows this,

785
00:37:54,800 --> 00:37:57,560
Speaker 6: my heart right, anybody who's been in the payment system

786
00:37:57,560 --> 00:38:00,680
Speaker 6: and the processed system knows the easy way to find

787
00:38:00,719 --> 00:38:04,680
Speaker 6: the fraudster is to stop payments and listen. Because whatever

788
00:38:04,680 --> 00:38:07,680
Speaker 6: screams is the one's stealing because my mother in law's

789
00:38:07,719 --> 00:38:08,000
Speaker 6: not call it.

790
00:38:08,000 --> 00:38:08,919
Speaker 4: I mean, come on, your mother.

791
00:38:08,960 --> 00:38:11,320
Speaker 6: Eighty year olds, ninet year olds. They trust the government

792
00:38:11,360 --> 00:38:13,879
Speaker 6: that trusts. Okay, maybe got screwed up, big deal. They're

793
00:38:13,920 --> 00:38:17,520
Speaker 6: not gonna call it scream at someone, but someone who's

794
00:38:17,520 --> 00:38:21,920
Speaker 6: stealing always does. So what happens is we need to

795
00:38:22,000 --> 00:38:25,040
Speaker 6: get to so the people who are getting that free money,

796
00:38:25,600 --> 00:38:29,040
Speaker 6: stealing the money inappropriately getting the money, have an inside

797
00:38:29,080 --> 00:38:32,320
Speaker 6: person who's routing the money. They are going to yell.

798
00:38:32,200 --> 00:38:35,160
Speaker 4: And scream, right, Yeah, that totally makes sense.

799
00:38:35,840 --> 00:38:36,040
Speaker 6: You know.

800
00:38:36,160 --> 00:38:39,360
Speaker 3: The other reason that his mother and Lama may not

801
00:38:39,520 --> 00:38:43,239
Speaker 3: scream is that Howard's worth one point five billion. Yeah,

802
00:38:43,680 --> 00:38:45,040
Speaker 3: and that tends to help.

803
00:38:45,360 --> 00:38:46,799
Speaker 4: You know, you don't have to worry about your six

804
00:38:46,840 --> 00:38:48,399
Speaker 4: hundred dollars a month check.

805
00:38:49,400 --> 00:38:49,680
Speaker 1: Yeah.

806
00:38:49,719 --> 00:38:52,120
Speaker 3: You know why I scream when companies who you know,

807
00:38:52,200 --> 00:38:54,040
Speaker 3: like you know, we run a business here, sometimes vendors

808
00:38:54,120 --> 00:38:56,239
Speaker 3: or whatever the people don't pay on time. It's because

809
00:38:56,480 --> 00:38:58,840
Speaker 3: you know, I have employees to pay, right, so you

810
00:38:58,920 --> 00:39:01,959
Speaker 3: got to make payroll or you know whatever. The what's

811
00:39:02,000 --> 00:39:05,000
Speaker 3: the alternative if your maybe need to pay this thing

812
00:39:05,080 --> 00:39:07,000
Speaker 3: called rent? Howard, I know you haven't paid that in

813
00:39:07,600 --> 00:39:09,120
Speaker 3: a long time mortgage.

814
00:39:09,200 --> 00:39:10,800
Speaker 1: You know, these are.

815
00:39:10,680 --> 00:39:13,239
Speaker 3: Things that we more mere mortals are lucky to deal

816
00:39:13,280 --> 00:39:15,319
Speaker 3: with in the case of a mortgage rent, you know,

817
00:39:15,440 --> 00:39:17,880
Speaker 3: in the case of let's say somebody who's living on

818
00:39:18,160 --> 00:39:20,960
Speaker 3: this little thing called a fixed income. Ryan, you talk

819
00:39:21,040 --> 00:39:22,759
Speaker 3: what I need to find the exact stats on the

820
00:39:22,840 --> 00:39:25,239
Speaker 3: number of people realize only on socier security, And it's

821
00:39:25,280 --> 00:39:25,600
Speaker 3: a lot.

822
00:39:26,120 --> 00:39:30,080
Speaker 5: And it makes to me absolutely zero sense that the fraudster.

823
00:39:31,080 --> 00:39:32,640
Speaker 4: Usually the fraudster.

824
00:39:32,280 --> 00:39:35,719
Speaker 5: Would be the one who is going to take as

825
00:39:35,800 --> 00:39:40,439
Speaker 5: much money quietly as they can, and then when their

826
00:39:40,560 --> 00:39:45,080
Speaker 5: fraud is busted, they slink on to the next fraud.

827
00:39:46,239 --> 00:39:49,040
Speaker 5: Like you don't sit there and throw yourself a parade

828
00:39:49,920 --> 00:39:54,879
Speaker 5: and invite a lot of extra extra scrutiny. That yes,

829
00:39:54,920 --> 00:39:57,480
Speaker 5: And but to your point, yeah, if I were if

830
00:39:57,480 --> 00:39:59,080
Speaker 5: my son in law was worth a billion and a

831
00:39:59,120 --> 00:40:02,640
Speaker 5: half dollars, then yeah, I probably would not be sweating

832
00:40:02,640 --> 00:40:03,959
Speaker 5: my social Security check either.

833
00:40:04,719 --> 00:40:07,959
Speaker 3: It's like, lady, are you really even relying on Social Security? Lady,

834
00:40:07,960 --> 00:40:09,160
Speaker 3: you don't manage your own finances.

835
00:40:09,239 --> 00:40:11,600
Speaker 5: Let's just call it for what it is when her

836
00:40:11,600 --> 00:40:14,640
Speaker 5: social Security check comes or what the value of it is, right,

837
00:40:14,680 --> 00:40:15,799
Speaker 5: why would she be weird?

838
00:40:15,840 --> 00:40:16,040
Speaker 3: Yeah?

839
00:40:16,040 --> 00:40:16,960
Speaker 1: It would be weird. Right.

840
00:40:17,000 --> 00:40:18,800
Speaker 3: It's like if you if you've got a billion and

841
00:40:18,800 --> 00:40:21,279
Speaker 3: a half, you know, son in law, I would hope,

842
00:40:21,440 --> 00:40:23,000
Speaker 3: at least where I come from, he's taking care of

843
00:40:23,080 --> 00:40:23,480
Speaker 3: your bills.

844
00:40:23,560 --> 00:40:25,600
Speaker 4: He's not helping her out if she's relying on her.

845
00:40:26,080 --> 00:40:28,400
Speaker 3: That's actually a whole other meta commentary of which we

846
00:40:28,480 --> 00:40:29,799
Speaker 3: I hope to get to one day.

847
00:40:30,080 --> 00:40:33,239
Speaker 1: But mother in law, clearly he hates her.

848
00:40:33,440 --> 00:40:35,759
Speaker 5: But while you look at that, let's jump real quick

849
00:40:35,760 --> 00:40:38,080
Speaker 5: to E four because this is this is related to it.

850
00:40:38,440 --> 00:40:41,120
Speaker 5: At the same time that you've got Howard Lutnick out

851
00:40:41,160 --> 00:40:44,040
Speaker 5: there acting like the Republicans are never going to see

852
00:40:44,040 --> 00:40:48,400
Speaker 5: another voter again, you have the Social Security Administrator acting

853
00:40:48,400 --> 00:40:52,400
Speaker 5: one doing these same doing a very similar thing. He

854
00:40:53,040 --> 00:40:58,239
Speaker 5: threatens that he's going to shut down the entire Social

855
00:40:58,239 --> 00:41:01,759
Speaker 5: Security Administration and not send out checks because he's mad

856
00:41:01,800 --> 00:41:06,440
Speaker 5: at a judicial ruling and he's trying to make a point.

857
00:41:06,520 --> 00:41:10,400
Speaker 5: And the point was, Oh, this judge thinks that he

858
00:41:10,440 --> 00:41:13,239
Speaker 5: can run Social Security better than I can. Let's let's

859
00:41:13,320 --> 00:41:16,200
Speaker 5: let him try, and I'll go into the it SYSM.

860
00:41:16,200 --> 00:41:17,680
Speaker 5: I'm just going to shut the whole thing down and

861
00:41:17,719 --> 00:41:21,120
Speaker 5: that'll show him. So he's sort of threatening like malicious

862
00:41:21,160 --> 00:41:22,959
Speaker 5: compliance with this judicial order.

863
00:41:23,520 --> 00:41:24,760
Speaker 4: The judge cracked down.

864
00:41:24,560 --> 00:41:26,600
Speaker 5: On him, and as you saw now that now he's saying,

865
00:41:27,719 --> 00:41:31,360
Speaker 5: he says, IDTK says, I Am not shutting down the agency.

866
00:41:31,719 --> 00:41:34,719
Speaker 5: But think about where the Republicans are, if they're at

867
00:41:34,760 --> 00:41:37,720
Speaker 5: the point of their quote, is I am not shutting

868
00:41:37,719 --> 00:41:41,200
Speaker 5: down the agency? Yeah, if you're explaining that you're not

869
00:41:41,320 --> 00:41:45,480
Speaker 5: actually going to shut down Social Security Administration, you've somehow

870
00:41:45,480 --> 00:41:48,760
Speaker 5: gotten yourself into weird political terrain.

871
00:41:48,920 --> 00:41:51,239
Speaker 4: So yeah, something like half of elderly people.

872
00:41:50,960 --> 00:41:54,760
Speaker 3: I've got it here, of those aged sixty and older,

873
00:41:54,880 --> 00:41:59,600
Speaker 3: are quote very reliant on Social Security. There is at

874
00:41:59,680 --> 00:42:02,960
Speaker 3: least I'm indication from twenty twenty that forty percent of

875
00:42:02,960 --> 00:42:07,480
Speaker 3: older Americans depend entirely on Social Security. So what's the

876
00:42:07,520 --> 00:42:08,799
Speaker 3: average Social Security payment?

877
00:42:08,840 --> 00:42:09,160
Speaker 4: What is it?

878
00:42:09,200 --> 00:42:11,680
Speaker 3: Like one thousand dollars a month, thirty six thousand a

879
00:42:11,719 --> 00:42:13,920
Speaker 3: year maybe, yes, okay, so twenty two thousand a year,

880
00:42:14,040 --> 00:42:15,480
Speaker 3: that's I mean, that's not a lot of money right now.

881
00:42:15,680 --> 00:42:17,640
Speaker 3: Not so if we got let's see what is the

882
00:42:17,760 --> 00:42:23,399
Speaker 3: average Social Security payment in the US, that's it.

883
00:42:24,360 --> 00:42:25,319
Speaker 4: That's that's what you got.

884
00:42:25,680 --> 00:42:28,760
Speaker 3: Okay, So nineteen hundred dollars a month and they're supposed

885
00:42:28,760 --> 00:42:31,799
Speaker 3: to make. Let's see, they're supposed to pay tax, at

886
00:42:31,880 --> 00:42:33,879
Speaker 3: least some income tax on that. I guess if you're

887
00:42:33,880 --> 00:42:35,680
Speaker 3: only making that year that you're not paying, you're not

888
00:42:35,680 --> 00:42:37,560
Speaker 3: going to pay any income tax. You have to make

889
00:42:37,680 --> 00:42:43,920
Speaker 3: rent food mortgage and or rent food prescriptions prescriptions because

890
00:42:43,920 --> 00:42:44,960
Speaker 3: Medicare is not going to.

891
00:42:44,960 --> 00:42:49,359
Speaker 4: Cover or astra medicare premiums. Yeah, yeah, you're right.

892
00:42:49,400 --> 00:42:51,839
Speaker 3: It's nineteen Oh my, I can't even imagine this one

893
00:42:52,200 --> 00:42:53,440
Speaker 3: nine hundred and seventy six dollars.

894
00:42:53,520 --> 00:42:54,400
Speaker 4: That is crazy.

895
00:42:54,480 --> 00:42:56,960
Speaker 3: I mean that's after the cost of living adjustment that

896
00:42:57,080 --> 00:43:00,520
Speaker 3: previously went into place from January of twenty two. I

897
00:43:00,520 --> 00:43:02,759
Speaker 3: remember that was a nine percent increase on what there

898
00:43:02,800 --> 00:43:03,360
Speaker 3: already was.

899
00:43:03,560 --> 00:43:05,000
Speaker 4: So that's nothing, all right.

900
00:43:05,040 --> 00:43:07,080
Speaker 3: So if you've got nineteen hundred dollars a month, that's

901
00:43:07,080 --> 00:43:10,920
Speaker 3: effectively poverty. Which reason this exists is not to have poverty,

902
00:43:11,200 --> 00:43:14,200
Speaker 3: you just have to think, like use your brain cells

903
00:43:14,239 --> 00:43:18,000
Speaker 3: for having a billionaire commerce secretary going around telling people, Oh,

904
00:43:18,000 --> 00:43:20,160
Speaker 3: if you miss your payment, that's not a big deal.

905
00:43:20,400 --> 00:43:25,160
Speaker 3: The average American is a blown tire away from complete bankruptcy.

906
00:43:25,280 --> 00:43:28,759
Speaker 3: Like five to six hundred dollars emergency payment. They don't

907
00:43:28,800 --> 00:43:30,839
Speaker 3: have it. I mean that, and we're not even talking

908
00:43:30,840 --> 00:43:33,279
Speaker 3: about retirement. People are like retirement, that's a dream. I

909
00:43:33,280 --> 00:43:35,360
Speaker 3: don't even know what you're talking about. So if you

910
00:43:35,400 --> 00:43:37,960
Speaker 3: put all this stuff together, I mean, you're looking at

911
00:43:37,960 --> 00:43:42,440
Speaker 3: a situation where you're basically just taunting people to.

912
00:43:41,719 --> 00:43:42,440
Speaker 4: Vote against you.

913
00:43:42,960 --> 00:43:46,239
Speaker 3: I can't think again even the optics there, it's like

914
00:43:46,320 --> 00:43:50,439
Speaker 3: this Roman style stage and look, no offensey all in guys.

915
00:43:50,480 --> 00:43:53,360
Speaker 3: But you know Tamath and Friedberg are filthy rich. I

916
00:43:53,360 --> 00:43:54,880
Speaker 3: know he's a billionaire. I don't know if he's a

917
00:43:54,880 --> 00:43:57,600
Speaker 3: billionaire's probably a hundred million whatever. Yeah, he's doing fine.

918
00:43:57,719 --> 00:44:00,000
Speaker 3: All right, So you know, you got three year billionaire

919
00:44:00,280 --> 00:44:03,040
Speaker 3: and or billionaires on a stage talking about social Security

920
00:44:03,080 --> 00:44:04,359
Speaker 3: and about how have you complained about that?

921
00:44:04,480 --> 00:44:05,200
Speaker 4: You're a fraudt rate.

922
00:44:05,400 --> 00:44:09,080
Speaker 3: Whereas any normal person who's ever been in somewhat financial distress,

923
00:44:09,200 --> 00:44:11,000
Speaker 3: if you've ever even had a paycheck come a couple

924
00:44:11,120 --> 00:44:14,280
Speaker 3: days late, it's a problem. It's a serious problem, especially

925
00:44:14,320 --> 00:44:15,880
Speaker 3: when yeah, like we run a business.

926
00:44:15,920 --> 00:44:17,880
Speaker 4: You know, we literally have to make payroll.

927
00:44:18,480 --> 00:44:20,800
Speaker 3: You know, you or others probably at some time in

928
00:44:20,840 --> 00:44:22,920
Speaker 3: your life at least had sometimes where somebody didn't pay

929
00:44:22,960 --> 00:44:25,040
Speaker 3: you or whatever on schedule. They're like, dude, I need

930
00:44:25,040 --> 00:44:27,960
Speaker 3: this money to pay my rent. The amount of financial

931
00:44:27,960 --> 00:44:29,879
Speaker 3: stress that it can cause in your life is.

932
00:44:29,840 --> 00:44:31,840
Speaker 4: Immense, and is that really a society you want to

933
00:44:31,840 --> 00:44:32,000
Speaker 4: live in?

934
00:44:32,080 --> 00:44:34,400
Speaker 3: With old people feeling that way, that's where the program

935
00:44:34,400 --> 00:44:35,840
Speaker 3: exists in the first place.

936
00:44:35,880 --> 00:44:37,440
Speaker 1: So I thought it was preposterous.

937
00:44:37,880 --> 00:44:39,239
Speaker 3: I want to pair that though, with one of my

938
00:44:39,280 --> 00:44:41,919
Speaker 3: favorite stories that I've seen in quite some time. Let's

939
00:44:41,960 --> 00:44:43,840
Speaker 3: go and put this up there on the screen. This

940
00:44:43,920 --> 00:44:47,120
Speaker 3: is the state of America right now. Door Dash and

941
00:44:47,239 --> 00:44:51,600
Speaker 3: Klarna have signed a deal where customers can now choose

942
00:44:51,640 --> 00:44:55,440
Speaker 3: to pay for food delivery in interest free installments. So

943
00:44:55,480 --> 00:44:57,879
Speaker 3: you guys, remember Klarna, it's the buy now, pay later

944
00:44:57,920 --> 00:45:01,240
Speaker 3: app that bnpl where this type of debt is actually

945
00:45:01,400 --> 00:45:04,080
Speaker 3: very hard to track. We don't have exact numbers. What

946
00:45:04,160 --> 00:45:06,880
Speaker 3: we do know is that this amount of debt is

947
00:45:06,880 --> 00:45:10,360
Speaker 3: actually is not counted in overall debt figures, and it

948
00:45:10,400 --> 00:45:13,000
Speaker 3: is estimated that there are tens of billions of dollars

949
00:45:13,000 --> 00:45:15,439
Speaker 3: of Americans who are on these buy now, pay later

950
00:45:15,520 --> 00:45:18,360
Speaker 3: plans which are not registering in credit cards. Right it

951
00:45:18,400 --> 00:45:20,640
Speaker 3: doesn't actually show up as pure credit card debt even

952
00:45:20,680 --> 00:45:23,160
Speaker 3: though it is money that you do. Oh well here

953
00:45:23,440 --> 00:45:27,000
Speaker 3: with respect to Klarna, seeing this now applied not just

954
00:45:27,000 --> 00:45:29,040
Speaker 3: to clothing and all of that, which is in my

955
00:45:29,080 --> 00:45:31,920
Speaker 3: opinion bad enough, but now you've got it apply to

956
00:45:32,640 --> 00:45:36,320
Speaker 3: food delivery, and it's.

957
00:45:35,640 --> 00:45:37,200
Speaker 4: Just so perfect because.

958
00:45:38,440 --> 00:45:41,799
Speaker 3: Food delivery itself is a luxury right, It's already one

959
00:45:41,840 --> 00:45:44,280
Speaker 3: where it's not only a luxury good going back for forever,

960
00:45:44,480 --> 00:45:47,240
Speaker 3: but it's also one where the door dash Uber eats

961
00:45:47,239 --> 00:45:48,759
Speaker 3: and all that model is.

962
00:45:49,400 --> 00:45:52,280
Speaker 1: Yeah, it's convenient, but you may not notice.

963
00:45:52,400 --> 00:45:55,399
Speaker 3: Stuff on there is like three times more expensive, let's say,

964
00:45:55,480 --> 00:45:58,200
Speaker 3: than it used to be. So between food inflation, delivery fees,

965
00:45:58,239 --> 00:46:02,000
Speaker 3: process fees, etc. Everybody's the only people win in our

966
00:46:02,080 --> 00:46:05,000
Speaker 3: door Dash and Klarna here. The restaurant they get what

967
00:46:06,600 --> 00:46:08,560
Speaker 3: of whatever the actual order is, so they got to

968
00:46:08,600 --> 00:46:10,200
Speaker 3: jack their prices up just to be able to make

969
00:46:10,400 --> 00:46:13,240
Speaker 3: that the consumer is paying more for the food the driver.

970
00:46:13,800 --> 00:46:15,000
Speaker 4: Let's not even get started on that.

971
00:46:15,040 --> 00:46:17,480
Speaker 3: In terms of how much they're getting out of this

972
00:46:17,680 --> 00:46:21,920
Speaker 3: entire thing, and now we're financing the order, that is

973
00:46:22,280 --> 00:46:25,359
Speaker 3: like the worst, literally of all worlds. It actually also

974
00:46:25,440 --> 00:46:28,000
Speaker 3: shows you how the promise of these apps was ease.

975
00:46:28,320 --> 00:46:30,480
Speaker 3: It's like, yeah, ease, is great if you're rich, if

976
00:46:30,480 --> 00:46:33,359
Speaker 3: you can afford it. Ease is you know, also comes

977
00:46:33,360 --> 00:46:35,360
Speaker 3: with a cost. There's no such thing as a free lunch.

978
00:46:35,440 --> 00:46:38,560
Speaker 3: There's only trade offs. Well, now we see higher food

979
00:46:38,600 --> 00:46:41,880
Speaker 3: prices for everybody. We see drivers and all that who

980
00:46:41,960 --> 00:46:44,000
Speaker 3: don't even work for a company getting paid like the

981
00:46:44,040 --> 00:46:47,880
Speaker 3: old pizza delivery guy, now solely reliant on contracts except

982
00:46:47,920 --> 00:46:51,959
Speaker 3: you know, contract basis getting paid a middling.

983
00:46:51,640 --> 00:46:53,080
Speaker 4: Amount or whatever per hour.

984
00:46:53,200 --> 00:46:56,400
Speaker 3: And now the consumer who is ordering this has to

985
00:46:56,440 --> 00:46:59,640
Speaker 3: pay or is in such financial distress over the increased

986
00:46:59,640 --> 00:47:02,520
Speaker 3: prices of everything they have to finance this across time.

987
00:47:02,760 --> 00:47:06,279
Speaker 1: And so as people know, I'm a fan of Dave Ramsey.

988
00:47:06,400 --> 00:47:09,759
Speaker 3: This was his uh, this was his reaction to the

989
00:47:10,120 --> 00:47:12,480
Speaker 3: to the story let's put E three please up on

990
00:47:12,520 --> 00:47:13,239
Speaker 3: the screen.

991
00:47:14,239 --> 00:47:15,280
Speaker 1: The picture of himself.

992
00:47:15,440 --> 00:47:17,759
Speaker 3: There is something very horseshoe for me to see Dave

993
00:47:17,840 --> 00:47:21,800
Speaker 3: reacting to a more perfect union tweet. So there they

994
00:47:21,840 --> 00:47:24,000
Speaker 3: have more in common, you know, than you might think.

995
00:47:24,040 --> 00:47:28,160
Speaker 3: But there is something about this which is just so dystopian,

996
00:47:28,560 --> 00:47:30,359
Speaker 3: and we can make fun of it all we want,

997
00:47:30,680 --> 00:47:32,640
Speaker 3: but also you and I know Ryan, this is going

998
00:47:32,719 --> 00:47:35,680
Speaker 3: to be a very financially product, and that is the

999
00:47:35,920 --> 00:47:38,480
Speaker 3: That is the true black pill of it all.

1000
00:47:38,600 --> 00:47:40,920
Speaker 5: And the only other thing I'd add to that is

1001
00:47:41,680 --> 00:47:45,480
Speaker 5: the waste, my god. Like the delivery order comes, it's

1002
00:47:45,560 --> 00:47:48,720
Speaker 5: the foods in a plastic bowl with a plastic lid,

1003
00:47:48,840 --> 00:47:52,600
Speaker 5: in two plastic bags, and then they put plastic utensils

1004
00:47:52,600 --> 00:47:54,880
Speaker 5: in there too. It's like, you send it to my home.

1005
00:47:55,560 --> 00:47:57,560
Speaker 5: You think I don't have a fork?

1006
00:47:58,400 --> 00:48:00,920
Speaker 1: Some places you have to check, and they still put

1007
00:48:00,920 --> 00:48:01,279
Speaker 1: it in there.

1008
00:48:01,280 --> 00:48:03,279
Speaker 5: Oh okay, all right, because the last thing they ever

1009
00:48:03,280 --> 00:48:04,839
Speaker 5: want is somebody complaining.

1010
00:48:05,200 --> 00:48:08,000
Speaker 4: The customer is always right. But yeah, it's like we

1011
00:48:08,040 --> 00:48:10,479
Speaker 4: have forks at home. Come on, everybody's gonna fork.

1012
00:48:10,920 --> 00:48:13,760
Speaker 1: This is where European sensibilities are starting to come in, right.

1013
00:48:14,040 --> 00:48:15,880
Speaker 4: Think about it, Think about the scale of it. I

1014
00:48:15,920 --> 00:48:17,400
Speaker 4: don't disagree with where is the all this is going

1015
00:48:17,440 --> 00:48:17,600
Speaker 4: to go?

1016
00:48:17,680 --> 00:48:18,760
Speaker 1: Yeah, but what's the cost?

1017
00:48:18,840 --> 00:48:19,000
Speaker 4: Right?

1018
00:48:19,040 --> 00:48:21,080
Speaker 1: The cost of the cost of the business is much higher.

1019
00:48:21,120 --> 00:48:22,520
Speaker 1: One person complains.

1020
00:48:22,080 --> 00:48:26,120
Speaker 5: Exactly and then Klarina like okay, they tell you that

1021
00:48:26,200 --> 00:48:28,560
Speaker 5: there's going to be no interests and yeah.

1022
00:48:28,400 --> 00:48:30,520
Speaker 3: Okay, folks, how do you think Klarna makes money? If

1023
00:48:30,920 --> 00:48:33,160
Speaker 3: you think they're just giving this away to you for free. No,

1024
00:48:33,480 --> 00:48:35,239
Speaker 3: it's a non profit. They know you're not going to

1025
00:48:35,320 --> 00:48:37,360
Speaker 3: pay for it. Yeah, let me look up their revenue actually, right,

1026
00:48:37,440 --> 00:48:38,399
Speaker 3: so right.

1027
00:48:38,320 --> 00:48:40,080
Speaker 5: If you don't pay within thirty days, then they're going

1028
00:48:40,160 --> 00:48:41,759
Speaker 5: to then they start hitting you with the fees and

1029
00:48:41,800 --> 00:48:42,240
Speaker 5: the fines.

1030
00:48:42,640 --> 00:48:43,480
Speaker 4: And they're also.

1031
00:48:44,760 --> 00:48:48,399
Speaker 5: They're now introducing like these different two dollars service charges here,

1032
00:48:48,400 --> 00:48:50,080
Speaker 5: and they're one of their big things has always been,

1033
00:48:50,480 --> 00:48:52,560
Speaker 5: you know, no service charge, no fees like this is

1034
00:48:53,200 --> 00:48:56,720
Speaker 5: and now like guess what, like once they've got you hooked,

1035
00:48:57,040 --> 00:48:59,560
Speaker 5: they're going to find ways to add the junk fees

1036
00:48:59,600 --> 00:49:02,680
Speaker 5: in and you know what, go ahead and call the

1037
00:49:02,719 --> 00:49:05,440
Speaker 5: CFPP and complain. You're going to get a busy signal

1038
00:49:05,480 --> 00:49:11,480
Speaker 5: there because the people who are funding these types of

1039
00:49:11,719 --> 00:49:14,480
Speaker 5: companies made sure that the CFPP is not going to

1040
00:49:14,480 --> 00:49:18,600
Speaker 5: be around to check the abuses of companies like this.

1041
00:49:18,760 --> 00:49:22,560
Speaker 3: So here's what we've got. Klarna's revenue surged twenty four percent.

1042
00:49:22,680 --> 00:49:24,840
Speaker 3: This is just from two days ago. They're actually filing

1043
00:49:24,880 --> 00:49:29,800
Speaker 3: for IPO. They're going public gradulations. Congratulations, that's right. Media

1044
00:49:29,840 --> 00:49:32,840
Speaker 3: reports suggest they are aiming to raise more than a

1045
00:49:32,880 --> 00:49:36,560
Speaker 3: billion or fifteen bill between one, exceeding evaluation of some

1046
00:49:36,719 --> 00:49:41,080
Speaker 3: fifteen billion dollars. The BNPL market is projected to surpass

1047
00:49:41,280 --> 00:49:45,960
Speaker 3: one hundred and sixty billion by twenty thirty two. Klarna's

1048
00:49:45,960 --> 00:49:50,080
Speaker 3: revenue just last year is two point eight one billion dollars,

1049
00:49:50,960 --> 00:49:53,719
Speaker 3: compared to a two point two billion dollars a year ago.

1050
00:49:53,800 --> 00:49:56,200
Speaker 4: It earned some twenty one million.

1051
00:49:56,000 --> 00:49:58,680
Speaker 3: Dollars, which actually kind of low, showing that they're investing

1052
00:49:58,680 --> 00:50:00,799
Speaker 3: a lot of that back into the product, some one

1053
00:50:00,880 --> 00:50:03,600
Speaker 3: cent per share compared to losses. So it's a profitable

1054
00:50:03,600 --> 00:50:07,800
Speaker 3: company and they are making two point two eight billion dollars. No,

1055
00:50:08,160 --> 00:50:11,640
Speaker 3: no fee, not based on you, because it's like the

1056
00:50:11,680 --> 00:50:13,560
Speaker 3: credit card, they know you're not going to pay it.

1057
00:50:14,080 --> 00:50:16,080
Speaker 3: I had no idea until I started listening to Dave.

1058
00:50:16,280 --> 00:50:18,359
Speaker 3: Seventy seven percent of people just don't pay their credit card,

1059
00:50:18,360 --> 00:50:20,080
Speaker 3: which is wild. I have no idea. I didn't you

1060
00:50:20,120 --> 00:50:22,720
Speaker 3: know there was an option. Just basically I was raised.

1061
00:50:22,760 --> 00:50:24,600
Speaker 3: But it's like, yeah, some people just don't just don't

1062
00:50:24,640 --> 00:50:27,080
Speaker 3: pay it, And you're like, oh, okay, so now it's

1063
00:50:27,160 --> 00:50:30,320
Speaker 3: oh so that's what. Yeah, so seventeen percent, you know, APR,

1064
00:50:30,640 --> 00:50:32,120
Speaker 3: and that stacks up and.

1065
00:50:32,080 --> 00:50:34,440
Speaker 4: It keeps going and it goes and it goes and

1066
00:50:34,480 --> 00:50:35,080
Speaker 4: it goes.

1067
00:50:34,880 --> 00:50:37,040
Speaker 3: And no wonder people are in thousands of dollars in

1068
00:50:37,080 --> 00:50:39,160
Speaker 3: credit card debt. So this whole by now pay later

1069
00:50:39,239 --> 00:50:42,840
Speaker 3: model like this, it's proven if they the product wouldn't

1070
00:50:42,840 --> 00:50:44,680
Speaker 3: exist if they didn't make any money.

1071
00:50:45,000 --> 00:50:47,360
Speaker 5: Yeah, people paid, if people paid on time, they wouldn't

1072
00:50:47,400 --> 00:50:50,200
Speaker 5: make two billion dollars a year. We have no fees,

1073
00:50:50,280 --> 00:50:51,520
Speaker 5: but we have two billion in revenue.

1074
00:50:51,520 --> 00:50:54,319
Speaker 4: How'd that happen? It's devastating, weird. It's not good.

1075
00:50:54,440 --> 00:50:55,600
Speaker 1: It's really it's bad.

1076
00:50:55,760 --> 00:50:58,120
Speaker 3: And it's just more about people, you know, sinking into

1077
00:50:58,160 --> 00:51:01,160
Speaker 3: a money hole thinking that they're getting something convenient. Yes,

1078
00:51:01,280 --> 00:51:03,880
Speaker 3: I think the consumer and all that should do due diligence,

1079
00:51:04,280 --> 00:51:06,600
Speaker 3: et cetera. But there's something just really gross, you know,

1080
00:51:06,680 --> 00:51:09,680
Speaker 3: about all of this being just so ever present. It's

1081
00:51:09,719 --> 00:51:11,920
Speaker 3: just never been There's never been an easier time in

1082
00:51:11,960 --> 00:51:14,920
Speaker 3: humandustry to get cripplingly in debt and ruin your life.

1083
00:51:15,000 --> 00:51:18,200
Speaker 3: I really believe that between you got hooked on credit

1084
00:51:18,200 --> 00:51:21,440
Speaker 3: cards and buy them now pay later, and up charges

1085
00:51:21,480 --> 00:51:23,880
Speaker 3: and food delivery fees and all of it's just like

1086
00:51:23,920 --> 00:51:26,440
Speaker 3: the entire ecosystem is just designed.

1087
00:51:26,040 --> 00:51:28,640
Speaker 1: To part you with whatever dollars that you happen to have.

1088
00:51:29,000 --> 00:51:31,400
Speaker 5: The VC is very cleverly got the whole country. You

1089
00:51:31,440 --> 00:51:32,720
Speaker 5: hooked on cheap delivery.

1090
00:51:32,880 --> 00:51:33,680
Speaker 4: True, very true.

1091
00:51:33,719 --> 00:51:37,719
Speaker 5: It was like basically free and subsidized right by this

1092
00:51:38,160 --> 00:51:41,399
Speaker 5: by the VC billions, and then just gradually they start

1093
00:51:41,440 --> 00:51:43,719
Speaker 5: turning the temperature up on the cost of it, and

1094
00:51:43,760 --> 00:51:46,960
Speaker 5: now you're you know, you're hooked on getting it delivered.

1095
00:51:47,080 --> 00:51:47,279
Speaker 4: Yep.

1096
00:51:47,560 --> 00:51:49,120
Speaker 1: Sorry, guys, we didn't have time to talk about the

1097
00:51:49,120 --> 00:51:49,680
Speaker 1: soda story.

1098
00:51:49,760 --> 00:51:51,960
Speaker 3: Really wanted to, but we went along with Glenn and

1099
00:51:52,000 --> 00:51:54,600
Speaker 3: I think that's probably a lot more beneficial to the

1100
00:51:54,680 --> 00:51:56,799
Speaker 3: audience and hearing about this. So don't worry about it.

1101
00:51:56,800 --> 00:51:59,319
Speaker 3: You're gonna get it all on Tuesday. We will see

1102
00:51:59,320 --> 00:52:00,919
Speaker 3: you all then

1103
00:52:01,200 --> 00:52:04,920
Speaker 5: With speak Pat