1
00:00:00,240 --> 00:00:02,360
Speaker 1: Hey, guys, thanks for listening to Breaking Points with Crystal

2
00:00:02,360 --> 00:00:04,280
Speaker 1: and Sager. We're going to be totally upfront with you.

3
00:00:04,400 --> 00:00:07,200
Speaker 1: We took a big risk going independent to make this work.

4
00:00:07,320 --> 00:00:11,920
Speaker 1: We need your support to beat the corporate media CNN, Fox, MSNBC.

5
00:00:12,200 --> 00:00:15,800
Speaker 1: They are ripping this country apart. They are making millions

6
00:00:15,800 --> 00:00:18,400
Speaker 1: of dollars doing it to help support our mission of

7
00:00:18,440 --> 00:00:20,720
Speaker 1: making all of us hate each other, less hate the

8
00:00:20,760 --> 00:00:24,000
Speaker 1: corrupt ruling class more support the show. Become a Breaking

9
00:00:24,040 --> 00:00:26,560
Speaker 1: Points Premium Member today, where you get to watch and

10
00:00:26,680 --> 00:00:29,640
Speaker 1: listen to the entire show ad free and uncut, an

11
00:00:29,680 --> 00:00:32,479
Speaker 1: hour early before everyone else. You get to hear our

12
00:00:32,479 --> 00:00:35,360
Speaker 1: reactions to each other's monologues. You get to participate and

13
00:00:35,400 --> 00:00:37,960
Speaker 1: weekly ask me any things, and you don't need to

14
00:00:38,000 --> 00:00:41,080
Speaker 1: hear our annoying voices pitching you like I am right now,

15
00:00:41,159 --> 00:00:43,320
Speaker 1: So what are you waiting for? Go to Breakingpoints dot

16
00:00:43,360 --> 00:00:46,120
Speaker 1: com become a Premium member today, which is available in

17
00:00:46,159 --> 00:01:05,880
Speaker 1: the show notes. Enjoy the show, guys, Good morning, everybody,

18
00:01:05,920 --> 00:01:08,600
Speaker 1: Happy Monday. We have an amazing show for everybody today.

19
00:01:08,600 --> 00:01:10,360
Speaker 1: When do we have Bristol? Indeed, we do lots of

20
00:01:10,360 --> 00:01:14,040
Speaker 1: interesting stories breaking right this morning, we got a new

21
00:01:14,160 --> 00:01:16,520
Speaker 1: analysis from The New York Times about just how much

22
00:01:16,680 --> 00:01:19,480
Speaker 1: Democrats have learned to love the dark money that they

23
00:01:19,600 --> 00:01:22,840
Speaker 1: used to decry. That's going to work out great for

24
00:01:22,880 --> 00:01:24,840
Speaker 1: the country. Don't worry, guys. We've also got some new

25
00:01:24,920 --> 00:01:27,800
Speaker 1: polls showing us how dire the state of the economy

26
00:01:27,959 --> 00:01:32,000
Speaker 1: is and how people are judging the Biden presidency. Big

27
00:01:32,080 --> 00:01:34,520
Speaker 1: news out of Canada. A lot of you guys asked

28
00:01:34,520 --> 00:01:36,560
Speaker 1: for us to cover this story, and it is really interesting.

29
00:01:36,600 --> 00:01:41,559
Speaker 1: A huge convoy of truckers converged on Ottawa. In that nation,

30
00:01:42,120 --> 00:01:45,280
Speaker 1: they are protesting vaccine mandates. It's turned in sort of

31
00:01:45,319 --> 00:01:48,320
Speaker 1: a catch all protest all restrictions, Yeah, against any sort

32
00:01:48,320 --> 00:01:50,360
Speaker 1: of pandemic restriction. So we'll tell you about that and

33
00:01:50,360 --> 00:01:54,440
Speaker 1: what the response was in that country. Also, some interesting

34
00:01:54,520 --> 00:01:57,280
Speaker 1: additions to NBC News we want to tell you about

35
00:01:57,360 --> 00:02:01,600
Speaker 1: and just breaking over the past. We've had Joe Rogan

36
00:02:01,680 --> 00:02:04,520
Speaker 1: and the whole Spotify thing. He now has a response out,

37
00:02:04,600 --> 00:02:06,080
Speaker 1: so we don't have it in and out a little

38
00:02:06,120 --> 00:02:07,720
Speaker 1: line up there because we added it last It literally

39
00:02:07,720 --> 00:02:10,040
Speaker 1: happened last night. Yeah, so we wanted to give you

40
00:02:10,440 --> 00:02:12,919
Speaker 1: his response and talk a little bit about that. Also,

41
00:02:13,360 --> 00:02:16,400
Speaker 1: a great friend of mine great analyst of the market

42
00:02:16,440 --> 00:02:18,960
Speaker 1: and all things economic, Dylan Radigan is going to join

43
00:02:19,080 --> 00:02:21,440
Speaker 1: us to talk about what is going on with the markets,

44
00:02:21,480 --> 00:02:23,560
Speaker 1: with the FED, and what we can expect moving forward.

45
00:02:23,919 --> 00:02:26,440
Speaker 1: But we wanted to start with the very latest with

46
00:02:26,480 --> 00:02:29,799
Speaker 1: regards to Ukraine. Yes, so this is the most underrated

47
00:02:29,840 --> 00:02:33,040
Speaker 1: story in terms of what is dominating cable, but is

48
00:02:33,200 --> 00:02:37,000
Speaker 1: arguably the most important for all of our daily lives geopolitics,

49
00:02:37,040 --> 00:02:40,280
Speaker 1: actual war and all that. And as we kept saying

50
00:02:40,400 --> 00:02:44,560
Speaker 1: during last week's show, keep listening to what the Ukrainians

51
00:02:44,600 --> 00:02:48,920
Speaker 1: are saying, because the current hot rhetoric is coming from Washington,

52
00:02:49,480 --> 00:02:55,560
Speaker 1: not Brussels, not Berlin, not Paris, and especially not Kiev. Well,

53
00:02:55,880 --> 00:02:57,680
Speaker 1: this is what's been happening over the weekend. Let's put

54
00:02:57,680 --> 00:03:00,280
Speaker 1: this up there on the screen. So Russia, So the

55
00:03:00,320 --> 00:03:03,760
Speaker 1: Pentagon is claiming, per the New York Times, that Russia

56
00:03:03,880 --> 00:03:08,680
Speaker 1: is positioned to fully invade all of Ukraine. But here's

57
00:03:08,720 --> 00:03:12,600
Speaker 1: the thing, the actual Ukrainians are like, hey, hold on

58
00:03:12,680 --> 00:03:16,800
Speaker 1: a second. Kiev continues to say that Washington is using

59
00:03:16,880 --> 00:03:20,639
Speaker 1: overheated rhetoric that their intelligence does not match. There does

60
00:03:20,680 --> 00:03:24,800
Speaker 1: not match Washington's intelligence, that they have not have even

61
00:03:24,919 --> 00:03:27,480
Speaker 1: close to the same indications of the same level of

62
00:03:27,520 --> 00:03:31,160
Speaker 1: Russian preparedness and in fact keep warning us that our

63
00:03:31,280 --> 00:03:35,320
Speaker 1: hot rhetoric is making the situation much worse. What especially

64
00:03:35,520 --> 00:03:39,040
Speaker 1: was very interesting, Crystal was immediately after a phone call

65
00:03:39,120 --> 00:03:42,920
Speaker 1: took place between Biden and President Zelensky he will all

66
00:03:42,960 --> 00:03:46,440
Speaker 1: remember of the Trump impeachment fame, there was a breaking

67
00:03:46,480 --> 00:03:49,640
Speaker 1: report from CNN, and this is the key part, not

68
00:03:49,800 --> 00:03:53,800
Speaker 1: with sources from Washington, with sources from Kiev, where their

69
00:03:53,840 --> 00:03:57,680
Speaker 1: CNA International reporter spoke to a Ukrainian official where they

70
00:03:57,720 --> 00:04:00,600
Speaker 1: said that there was a huge disagreement between Biden and

71
00:04:00,720 --> 00:04:04,160
Speaker 1: Zelensky over whether the Russians were actually going to invade,

72
00:04:04,280 --> 00:04:07,720
Speaker 1: and Zelensky admonished President Biden. But here's the crazy part.

73
00:04:07,960 --> 00:04:10,720
Speaker 1: That report was then taken down off of Twitter and

74
00:04:10,760 --> 00:04:13,560
Speaker 1: then readded with contexts to say that the White House

75
00:04:13,760 --> 00:04:17,040
Speaker 1: disputed it. But here is the original report that CNN

76
00:04:17,120 --> 00:04:20,120
Speaker 1: aired live. Let's take a listen, you and our world lead.

77
00:04:20,120 --> 00:04:23,360
Speaker 1: A senior Ukrainian official tells CNN that today's phone call

78
00:04:23,440 --> 00:04:26,920
Speaker 1: between President Biden and Ukrainian President of Volodo Mero Zelensky

79
00:04:27,000 --> 00:04:31,080
Speaker 1: quote did not go well. Our source tells CNN the

80
00:04:31,120 --> 00:04:33,800
Speaker 1: two disagreed about the immediacy of the threat of a

81
00:04:33,839 --> 00:04:36,600
Speaker 1: Russian attack on Ukraine. The White House and Pentagon have

82
00:04:36,680 --> 00:04:39,480
Speaker 1: been emphatic that they believe an attack could be imminent.

83
00:04:39,520 --> 00:04:42,040
Speaker 1: We should note the White House just released its own

84
00:04:42,279 --> 00:04:44,480
Speaker 1: read out of that call, and there was no mention

85
00:04:45,040 --> 00:04:48,800
Speaker 1: of President Biden's warnings or the two president's disagreements. The

86
00:04:48,800 --> 00:04:53,680
Speaker 1: White House did say Biden underscored America's commitment to Ukraine's sovereignty.

87
00:04:54,720 --> 00:04:57,479
Speaker 1: That's the original report there, and their reporter who was

88
00:04:57,520 --> 00:05:01,440
Speaker 1: based in Kiev, specifically spoke to pe people inside the

89
00:05:01,520 --> 00:05:04,080
Speaker 1: Ukrainian government, where Biden claimed a couple of things. He

90
00:05:04,120 --> 00:05:07,160
Speaker 1: said that the city of Kiev could be sacked. Okay,

91
00:05:07,480 --> 00:05:09,880
Speaker 1: last time I checked, I don't even think the Russians

92
00:05:09,920 --> 00:05:12,240
Speaker 1: have been saying that this is going to happen. This

93
00:05:12,360 --> 00:05:15,640
Speaker 1: ain't even the terrible in the year sixteen fifty or whatever.

94
00:05:16,279 --> 00:05:19,400
Speaker 1: The other thing is that the Ukrainians specifically pushed back

95
00:05:19,440 --> 00:05:22,480
Speaker 1: on Biden, saying that, look, your intel does not match

96
00:05:22,520 --> 00:05:25,039
Speaker 1: our intel, and given that that's our country, maybe we

97
00:05:25,120 --> 00:05:28,119
Speaker 1: have a better idea of what's going on on our board.

98
00:05:28,160 --> 00:05:29,880
Speaker 1: That would be like the Ukrainians being like, let me

99
00:05:29,880 --> 00:05:32,919
Speaker 1: tell you what's really happening down in Mexico. You know,

100
00:05:33,040 --> 00:05:37,880
Speaker 1: I think we know pretty well what's going on in Mexico. Okay, yeah,

101
00:05:37,880 --> 00:05:39,680
Speaker 1: and he's We're going to play a clip from him

102
00:05:39,720 --> 00:05:43,880
Speaker 1: in a minute. I mean, he has repeatedly, yes, voiced

103
00:05:44,040 --> 00:05:47,480
Speaker 1: concerns about our actions, about our rhetoric, about the rhetoric

104
00:05:47,600 --> 00:05:50,960
Speaker 1: coming out of the media. So this situation with CNN

105
00:05:51,040 --> 00:05:53,200
Speaker 1: is kind of hilarious because they sort of like accidentally

106
00:05:53,279 --> 00:05:56,120
Speaker 1: tell their viewer's the truth and then they're like, well,

107
00:05:55,920 --> 00:05:58,800
Speaker 1: we got to add some context and let's pull this

108
00:05:58,880 --> 00:06:02,080
Speaker 1: down from whatever house says it's not true. It's like, oh, okay, yeah,

109
00:06:02,120 --> 00:06:03,680
Speaker 1: I mean they're a lied before, you know. I mean,

110
00:06:03,680 --> 00:06:06,039
Speaker 1: we've picked up on these signals right away when we

111
00:06:06,080 --> 00:06:09,560
Speaker 1: saw this little bit of space between what the Ukrainians

112
00:06:09,560 --> 00:06:11,760
Speaker 1: were saying and what the US was saying, and thought

113
00:06:12,000 --> 00:06:14,600
Speaker 1: there might be something going on. The more that time

114
00:06:14,640 --> 00:06:17,520
Speaker 1: has gone on, first of all, the more vocal the

115
00:06:17,640 --> 00:06:21,360
Speaker 1: Ukrainians have been to say, hold on a second, even

116
00:06:21,400 --> 00:06:23,360
Speaker 1: going so far as to say, you know, things here

117
00:06:23,400 --> 00:06:26,200
Speaker 1: aren't really that different than they were over the summer,

118
00:06:26,279 --> 00:06:29,599
Speaker 1: Like things have not really significantly changed. Reporters on the

119
00:06:29,640 --> 00:06:33,480
Speaker 1: ground in Ukraine, say, people are going about their daily lives.

120
00:06:33,520 --> 00:06:37,400
Speaker 1: Everything seems pretty normal and pretty calm. So you ask yourself, like,

121
00:06:37,600 --> 00:06:39,680
Speaker 1: what the hell is going on here? Why is the

122
00:06:39,760 --> 00:06:43,760
Speaker 1: US suddenly so invested in amping up the rhetoric and

123
00:06:43,800 --> 00:06:46,800
Speaker 1: bringing us to this you know, old Cold War style

124
00:06:46,839 --> 00:06:49,680
Speaker 1: of conflicts. Well, one of the things that you always

125
00:06:49,680 --> 00:06:52,479
Speaker 1: have to consider in terms of American context is just

126
00:06:52,520 --> 00:06:55,240
Speaker 1: how much money there is to be made off of

127
00:06:55,279 --> 00:06:57,480
Speaker 1: these conflicts. Let's go ahead and throw this Ken Vogel

128
00:06:57,720 --> 00:07:02,320
Speaker 1: tweet up on the screen. You've got Raytheon's CEO and

129
00:07:02,560 --> 00:07:07,720
Speaker 1: other military industrial complex CEOs just outright talking about how

130
00:07:07,800 --> 00:07:10,960
Speaker 1: much money there is to be made over these types

131
00:07:11,000 --> 00:07:14,120
Speaker 1: of conflicts, including specifically the conflict in Ukraine. They say,

132
00:07:14,120 --> 00:07:16,240
Speaker 1: all of these things are putting pressure on some of

133
00:07:16,280 --> 00:07:19,840
Speaker 1: the defense spending over there. I fully expect we're going

134
00:07:19,920 --> 00:07:22,960
Speaker 1: to see some benefit. This was a great piece from

135
00:07:23,000 --> 00:07:27,400
Speaker 1: responsible state craft that tracked what these CEOs are actually

136
00:07:27,480 --> 00:07:31,840
Speaker 1: telling their investors about how great these conflicts ultimately are

137
00:07:31,920 --> 00:07:33,720
Speaker 1: for their bottom line. And oh, by the way, you know,

138
00:07:33,800 --> 00:07:35,880
Speaker 1: we just got out of Afghanistan. Of course, there's a

139
00:07:36,160 --> 00:07:39,400
Speaker 1: disastrous crisis happening there that we want to cover more

140
00:07:39,520 --> 00:07:42,920
Speaker 1: as well with famine and potentially a million children starving.

141
00:07:43,200 --> 00:07:45,200
Speaker 1: But we get on in one conflict and they got

142
00:07:45,240 --> 00:07:46,920
Speaker 1: to look for somewhere else where they're going to make

143
00:07:46,960 --> 00:07:50,200
Speaker 1: a buck and continue to generate those fat profit margins

144
00:07:50,240 --> 00:07:53,160
Speaker 1: that they've come to expect, looking at the defense spending bill,

145
00:07:53,240 --> 00:07:56,040
Speaker 1: predicting that it's just going to continue to go up

146
00:07:56,040 --> 00:07:58,040
Speaker 1: and up and up into the future. And of course

147
00:07:58,080 --> 00:08:00,400
Speaker 1: they are the ones who stand to benefits. Thing like

148
00:08:00,440 --> 00:08:03,960
Speaker 1: fifty percent of our defense spending goes to these types

149
00:08:03,960 --> 00:08:06,400
Speaker 1: of goals. Then you look at who the media is

150
00:08:06,440 --> 00:08:09,000
Speaker 1: sponsored by. Let's put this next element up on the screen.

151
00:08:09,720 --> 00:08:13,680
Speaker 1: Look at Politico. I mean they are classic craziest. One

152
00:08:13,880 --> 00:08:18,200
Speaker 1: classic example here, You've got an article here that quotes

153
00:08:18,240 --> 00:08:21,800
Speaker 1: Jensaki saying Russia could at any point launch an attack

154
00:08:21,880 --> 00:08:28,000
Speaker 1: in Ukraine. Right below it powered by Lockheed. There was

155
00:08:28,040 --> 00:08:32,520
Speaker 1: another article, same deal, same outlet, Politico that said, like

156
00:08:32,960 --> 00:08:36,360
Speaker 1: the argument for why the US should rental Putin's cage,

157
00:08:36,640 --> 00:08:38,600
Speaker 1: same deal. I think that one was also brought to

158
00:08:38,600 --> 00:08:41,559
Speaker 1: you by Lachheed Martin or one of the other military

159
00:08:41,600 --> 00:08:45,680
Speaker 1: industrial complex schools. So you have to remember these groups

160
00:08:45,679 --> 00:08:49,719
Speaker 1: of people are directly intertwined. Sometimes oftentimes the people they're

161
00:08:49,760 --> 00:08:54,600
Speaker 1: bringing on their airwaves as supposedly neutral, neutral actors, have

162
00:08:54,720 --> 00:08:59,160
Speaker 1: financial interests at stake in these conflicts. They are getting,

163
00:08:59,320 --> 00:09:03,120
Speaker 1: you know, directly from people who have interests. They're the

164
00:09:03,200 --> 00:09:06,440
Speaker 1: sources for these stories that they're putting out there, and

165
00:09:06,520 --> 00:09:10,800
Speaker 1: so they feed into this rhetoric that the Ukrainians are saying. Listen,

166
00:09:10,920 --> 00:09:14,320
Speaker 1: your rhetoric is not helpful, it's not accurate. What's coming

167
00:09:14,320 --> 00:09:17,280
Speaker 1: out out of your media is propaganda. And the actions

168
00:09:17,280 --> 00:09:21,880
Speaker 1: that you're taking, specifically with removing the diplomatic families from

169
00:09:21,880 --> 00:09:26,200
Speaker 1: the country, are really exacerbating the problem. So again, there

170
00:09:26,280 --> 00:09:28,880
Speaker 1: is something going on here, big disconnect from what the

171
00:09:28,920 --> 00:09:31,760
Speaker 1: Americans are saying and what the Ukrainians are saying. And frankly,

172
00:09:31,800 --> 00:09:33,920
Speaker 1: I would trust the Ukrainians who are there on the

173
00:09:33,960 --> 00:09:35,760
Speaker 1: ground and it's their country a hell of a lot

174
00:09:35,800 --> 00:09:37,880
Speaker 1: more than our people here. You know, something that people

175
00:09:38,080 --> 00:09:40,760
Speaker 1: Western analysts love to talk about is how Russia shapes

176
00:09:40,840 --> 00:09:44,000
Speaker 1: the information environment, and nobody ever talks about how we

177
00:09:44,080 --> 00:09:47,000
Speaker 1: shape the information environment. That's what it looks like when

178
00:09:47,040 --> 00:09:50,679
Speaker 1: you have the media directly being paid and sponsored by

179
00:09:50,960 --> 00:09:55,520
Speaker 1: these defense contractors. But worse whenever you have every journalist

180
00:09:55,520 --> 00:09:58,679
Speaker 1: in Washington is parroting what the White House and the

181
00:09:58,679 --> 00:10:01,640
Speaker 1: Pentagon are telling them to be true. We are not

182
00:10:01,840 --> 00:10:06,120
Speaker 1: listening to the actual Ukrainians. And here again is the

183
00:10:06,160 --> 00:10:11,120
Speaker 1: Prime Minister of Ukraine specifically calling out the US media

184
00:10:11,360 --> 00:10:14,640
Speaker 1: for not reporting the truth and for inflaming the situation.

185
00:10:14,880 --> 00:10:17,520
Speaker 1: Let's take a lesson. We've talked to the President. We've

186
00:10:17,520 --> 00:10:19,840
Speaker 1: talked to about this. We think that there has to

187
00:10:19,840 --> 00:10:21,920
Speaker 1: be a balanced approach. I'm not saying that they he

188
00:10:21,960 --> 00:10:26,840
Speaker 1: is influencing American media, the Independent, but the media policy

189
00:10:26,880 --> 00:10:28,400
Speaker 1: there has to be very well banessed. If they want

190
00:10:28,440 --> 00:10:30,120
Speaker 1: to know what the situation is, that they can come

191
00:10:30,160 --> 00:10:31,760
Speaker 1: to give. Do we have tanks on the street. No,

192
00:10:32,520 --> 00:10:35,440
Speaker 1: But the feeling is if you're not here. The feeling

193
00:10:35,480 --> 00:10:37,599
Speaker 1: is when you listen to them in Germany, in in

194
00:10:37,880 --> 00:10:40,760
Speaker 1: in France and Lithuania. I'm talking to the President of

195
00:10:40,760 --> 00:10:45,559
Speaker 1: Lithuania and other leaders. The image that mass media creates

196
00:10:45,640 --> 00:10:48,559
Speaker 1: is that we have troops on the roads, we have mobilization,

197
00:10:48,679 --> 00:10:51,160
Speaker 1: people are leaving for places. That's not the case. We

198
00:10:51,160 --> 00:10:56,319
Speaker 1: don't need this panic. You know, in the history of warfare,

199
00:10:56,600 --> 00:11:01,160
Speaker 1: I cannot think of a country where geop political interests

200
00:11:01,200 --> 00:11:04,280
Speaker 1: are very in lined in which that country itself is

201
00:11:04,360 --> 00:11:07,880
Speaker 1: not the most hawkish. Almost always that's what's happening. Yeah,

202
00:11:07,880 --> 00:11:09,920
Speaker 1: I think back to World War One, Austro Hungary they're

203
00:11:09,960 --> 00:11:11,640
Speaker 1: like rear and they're like, yeah, we gotta go. We

204
00:11:11,679 --> 00:11:14,560
Speaker 1: want to go into Serbia and attack Belgrade. It's everybody

205
00:11:14,559 --> 00:11:16,920
Speaker 1: else who's like, hey, calm down, all of that. This

206
00:11:17,040 --> 00:11:19,200
Speaker 1: is like if the Austro Hungarian's like, I don't know,

207
00:11:19,320 --> 00:11:21,360
Speaker 1: you know, maybe and the Kaiser was like no, no,

208
00:11:21,440 --> 00:11:25,680
Speaker 1: you gotta go. This is happening, and London and Moscow

209
00:11:25,720 --> 00:11:28,440
Speaker 1: and everybody is like no, they're pushing. It was always

210
00:11:28,440 --> 00:11:32,440
Speaker 1: a reluctant drag. It wasn't something that was being specifically

211
00:11:32,480 --> 00:11:35,800
Speaker 1: pushed back on by the very people on the borders

212
00:11:35,800 --> 00:11:39,520
Speaker 1: who were involved themselves. I mean, in the analogy of

213
00:11:39,840 --> 00:11:42,520
Speaker 1: you know, all of history and great power conflict, I

214
00:11:42,640 --> 00:11:45,880
Speaker 1: cannot think of a single situation which is like this.

215
00:11:46,280 --> 00:11:48,400
Speaker 1: And you know, we are living in such a crazy

216
00:11:48,440 --> 00:11:51,920
Speaker 1: time because this is out there in the open. God

217
00:11:52,000 --> 00:11:55,960
Speaker 1: bless the Internet that we can have a dubbed conversation

218
00:11:56,120 --> 00:11:58,000
Speaker 1: like this and be able to bring it to people

219
00:11:58,160 --> 00:12:00,240
Speaker 1: here in the United States. I mean, when you have

220
00:12:00,280 --> 00:12:03,560
Speaker 1: our mass media organ so completely taken over by the

221
00:12:03,600 --> 00:12:06,200
Speaker 1: Pentagon and by the White House and not giving any

222
00:12:06,240 --> 00:12:09,600
Speaker 1: credience to Ukrainian themselves. I fully now get it during

223
00:12:09,600 --> 00:12:12,080
Speaker 1: in Afghanistan, and now I get how Iraq happened. I

224
00:12:12,120 --> 00:12:13,240
Speaker 1: never used to really get it, you know, I as

225
00:12:13,280 --> 00:12:15,200
Speaker 1: a kid when really and you know, I got turned

226
00:12:15,280 --> 00:12:17,600
Speaker 1: very against the war early on, but I was a teenager.

227
00:12:17,640 --> 00:12:20,760
Speaker 1: I wasn't like really paying attention o'reiley and all that.

228
00:12:21,040 --> 00:12:23,079
Speaker 1: Didn't live through it. As an adult, I understand now

229
00:12:23,160 --> 00:12:26,240
Speaker 1: how these people drove the country into war and they've

230
00:12:26,320 --> 00:12:28,880
Speaker 1: learned nothing. Honestly, it might be worse. It actually might

231
00:12:28,880 --> 00:12:30,680
Speaker 1: be worse. There's a through line here because all of

232
00:12:30,679 --> 00:12:34,080
Speaker 1: those people who dragged us into war and lied to

233
00:12:34,160 --> 00:12:37,120
Speaker 1: us and were the chief propagandists you know New York

234
00:12:37,600 --> 00:12:42,439
Speaker 1: across the media, they were all rehabbed effectively by Russia Gate.

235
00:12:42,640 --> 00:12:44,320
Speaker 1: That's true, right, We're going to get to that later

236
00:12:44,360 --> 00:12:46,760
Speaker 1: in the show. Yeah, So that was how they were

237
00:12:46,760 --> 00:12:48,720
Speaker 1: all brought back from the dead. I mean, these people

238
00:12:48,720 --> 00:12:52,040
Speaker 1: should never have been heard from again in polite society.

239
00:12:52,480 --> 00:12:54,559
Speaker 1: And then because they were willing to like come out

240
00:12:54,600 --> 00:12:56,840
Speaker 1: against Trump and then go on this like Cold War

241
00:12:56,960 --> 00:13:01,439
Speaker 1: hawkish Russia Gate conspiracy nonsense. That's how they ended up

242
00:13:01,559 --> 00:13:04,280
Speaker 1: in prominent positions again, so that you know, when we're

243
00:13:04,320 --> 00:13:07,160
Speaker 1: talking about Afghanistan, you're reaching for these same folks. And

244
00:13:07,200 --> 00:13:09,839
Speaker 1: now when we're talking about this conflict in Ukraine, you're

245
00:13:09,880 --> 00:13:13,560
Speaker 1: reaching for these same people who were rehabilitated through this

246
00:13:13,760 --> 00:13:18,080
Speaker 1: incredibly damaging conspiracy. And so not only do you have

247
00:13:18,200 --> 00:13:21,320
Speaker 1: him elevated into positions of power, but you also have

248
00:13:21,480 --> 00:13:27,679
Speaker 1: this whole Cold War mythology about Russia revived and popularized

249
00:13:27,760 --> 00:13:32,199
Speaker 1: across the country. So Americans have this idea that you know,

250
00:13:32,320 --> 00:13:36,640
Speaker 1: Putin is this great villain and you know, this incredible

251
00:13:36,800 --> 00:13:40,640
Speaker 1: five D chess master, and like you said, Russia controls

252
00:13:40,720 --> 00:13:43,040
Speaker 1: the information space and all of this. And look, I'm

253
00:13:43,040 --> 00:13:45,880
Speaker 1: not saying that they're like good actors and not nefarious

254
00:13:46,000 --> 00:13:48,520
Speaker 1: or have good intentions or any of that, but we've

255
00:13:48,559 --> 00:13:52,400
Speaker 1: made them out to be these like totally capable, competent,

256
00:13:52,840 --> 00:13:57,000
Speaker 1: evil geniuses controlling everything that happens in the globe. And

257
00:13:57,080 --> 00:14:01,520
Speaker 1: that's insane. We're actually in the trucker segment, our producer centers.

258
00:14:01,640 --> 00:14:04,600
Speaker 1: Somebody on the CBC was like, maybe the truckers were

259
00:14:04,600 --> 00:14:07,800
Speaker 1: brought here by Putin basically, like he says, not only

260
00:14:07,840 --> 00:14:11,120
Speaker 1: infected our country, it's infected like the countries around US

261
00:14:11,160 --> 00:14:13,920
Speaker 1: and around the world. And so it shows you just

262
00:14:14,000 --> 00:14:17,120
Speaker 1: how even though the Russia Gate, you know, stuff ended

263
00:14:17,200 --> 00:14:19,920
Speaker 1: up being stupid and conspiratorial and the Peed tape and

264
00:14:19,960 --> 00:14:22,320
Speaker 1: you can kind of laugh about it, but ultimately it

265
00:14:22,440 --> 00:14:27,120
Speaker 1: had really devastating consequences. And oh, by the way, that

266
00:14:27,320 --> 00:14:31,040
Speaker 1: sort of misinformation I don't see any like trigger warnings

267
00:14:31,120 --> 00:14:34,240
Speaker 1: or concerns or deep platforming or pulling music down off

268
00:14:34,240 --> 00:14:37,800
Speaker 1: of Spotify because Rachel Battow's podcasting here, you know, like

269
00:14:37,840 --> 00:14:40,720
Speaker 1: you were saying, look, we're not venerating the Russians. They

270
00:14:40,720 --> 00:14:44,440
Speaker 1: are the eleventh largest economy in the world, overtaken by

271
00:14:44,680 --> 00:14:48,400
Speaker 1: South Korea, Canada, and Italy. When you're losing to Italy,

272
00:14:48,680 --> 00:14:52,200
Speaker 1: you've got problems, especially on the continent of Europe. In

273
00:14:52,280 --> 00:14:56,400
Speaker 1: the consideration of the history, their economy is entirely reliant

274
00:14:56,560 --> 00:15:00,320
Speaker 1: on petroleum. They're most of their great power co from

275
00:15:00,320 --> 00:15:03,320
Speaker 1: their nuclear arsenal that they amassed when they actually were

276
00:15:03,440 --> 00:15:06,160
Speaker 1: a great power. I mean, when you consider it in

277
00:15:06,200 --> 00:15:09,640
Speaker 1: the broad swath of both all of history and recent history,

278
00:15:09,760 --> 00:15:12,480
Speaker 1: they are not punching anywhere near what they used to do,

279
00:15:12,520 --> 00:15:14,920
Speaker 1: And in fact, most of these moves can be explained

280
00:15:15,160 --> 00:15:18,320
Speaker 1: by their very relatively weak position that they find themselves

281
00:15:18,400 --> 00:15:20,800
Speaker 1: in right now. The way we have turned them into

282
00:15:20,840 --> 00:15:24,400
Speaker 1: this like gigantic thing everybody should be so concerned about

283
00:15:24,440 --> 00:15:28,640
Speaker 1: it is not nineteen seventy five anymore. I mean, yes,

284
00:15:29,040 --> 00:15:33,280
Speaker 1: and he was right like making fun of met Romney. Correct,

285
00:15:34,400 --> 00:15:37,520
Speaker 1: like you know, we fixed Bayonets on the right. I

286
00:15:37,560 --> 00:15:41,040
Speaker 1: love that line. Yeah, Like it's saying the same things

287
00:15:41,080 --> 00:15:44,320
Speaker 1: you're saying about their economy. That was the mainstream of

288
00:15:44,440 --> 00:15:49,040
Speaker 1: Democratic party thought in the country before Russia Gate like

289
00:15:49,120 --> 00:15:52,480
Speaker 1: warped everyone's minds. And so now we're at this place

290
00:15:52,560 --> 00:15:55,920
Speaker 1: where people just don't at all have a reasonable view

291
00:15:56,240 --> 00:16:00,920
Speaker 1: of what's happening, and people who are genuinely affairs actors

292
00:16:01,000 --> 00:16:04,480
Speaker 1: and self interested actors within the American media political context

293
00:16:04,560 --> 00:16:07,160
Speaker 1: have been elevated, have been lionized, have been given these

294
00:16:07,240 --> 00:16:10,600
Speaker 1: positions of power, and that is just is an incredibly

295
00:16:10,640 --> 00:16:13,680
Speaker 1: bad place to be. So listen to what the Ukrainians

296
00:16:13,680 --> 00:16:18,360
Speaker 1: are saying. There is an increasing divide between the extraordinarily

297
00:16:18,400 --> 00:16:21,400
Speaker 1: hot rhetoric we've seen from the US press about you know,

298
00:16:21,600 --> 00:16:25,960
Speaker 1: false flag operations and really nuts coming out of the UK.

299
00:16:26,160 --> 00:16:28,600
Speaker 1: I mean, all of these things that they're floating to us.

300
00:16:28,640 --> 00:16:31,120
Speaker 1: And meanwhile the Ukrainians are saying, hey, guys, this is

301
00:16:31,160 --> 00:16:33,880
Speaker 1: not our experience here on the ground whatsoever. Yeah, all

302
00:16:33,960 --> 00:16:37,840
Speaker 1: these people who are holding I stand with Ukraine signs

303
00:16:38,400 --> 00:16:41,920
Speaker 1: actually listen to the Ukrainians, you know who I stand with.

304
00:16:42,040 --> 00:16:45,440
Speaker 1: The actual Ukrainians were like, hey, chill the f out, Washington.

305
00:16:45,640 --> 00:16:48,480
Speaker 1: All right, thank you, Presidence Lensky. I'm with you on

306
00:16:48,480 --> 00:16:50,840
Speaker 1: this one. Okay. So, just as we follow the money

307
00:16:50,840 --> 00:16:53,880
Speaker 1: with regards to military industrial complex, important to follow the

308
00:16:53,920 --> 00:16:57,320
Speaker 1: money in politics in general. Republicans have long been very

309
00:16:57,360 --> 00:17:00,440
Speaker 1: comfortable with dark money. They've been broadly opposed any sort

310
00:17:00,480 --> 00:17:03,400
Speaker 1: of campaign finance reform. They've been happy to have, you know,

311
00:17:03,520 --> 00:17:06,240
Speaker 1: especially post Citizens United, all of the corporate money and

312
00:17:06,280 --> 00:17:09,400
Speaker 1: special interest money they possibly can flow into their coffers.

313
00:17:10,080 --> 00:17:14,400
Speaker 1: Coke industries a big benefactor financing all of these different

314
00:17:14,520 --> 00:17:17,520
Speaker 1: organizations that funded a bunch of conservative leaning groups and

315
00:17:17,560 --> 00:17:21,040
Speaker 1: Republican politicians. All right. Democrats have not only caught up

316
00:17:21,040 --> 00:17:24,520
Speaker 1: to Republicans in this regard, but they have actually by

317
00:17:24,560 --> 00:17:28,120
Speaker 1: some measures, according to New New York Times analysis, exceeded

318
00:17:28,480 --> 00:17:31,920
Speaker 1: what the Republicans are pulling in in this dark money.

319
00:17:31,960 --> 00:17:33,800
Speaker 1: And you know what we mean by dark money is

320
00:17:34,240 --> 00:17:37,320
Speaker 1: money that comes in and you don't disclose where it's

321
00:17:37,320 --> 00:17:41,240
Speaker 1: soundingly untraceable in terms of its origin exactly. So let's

322
00:17:41,280 --> 00:17:43,440
Speaker 1: go ahead and throw this New York Times investigation up

323
00:17:43,440 --> 00:17:47,480
Speaker 1: on the screen. They say, Democrats decried dark money, then

324
00:17:47,520 --> 00:17:49,680
Speaker 1: they won with it. In twenty twenty, a New York

325
00:17:49,680 --> 00:17:52,280
Speaker 1: Times analysis reveals how the left out did the right

326
00:17:52,359 --> 00:17:56,080
Speaker 1: at raising and spending millions from undisclosed donors to defeat

327
00:17:56,160 --> 00:18:00,640
Speaker 1: Donald Trump and win power in Washington. Read a little

328
00:18:00,640 --> 00:18:03,240
Speaker 1: bit from this analysis they have here, They say, spurred

329
00:18:03,240 --> 00:18:06,520
Speaker 1: by opposition and then President Trump, donors and operatives allied

330
00:18:06,520 --> 00:18:09,560
Speaker 1: with the Democratic Party embraced dark money with fresh zeal,

331
00:18:10,000 --> 00:18:13,160
Speaker 1: pulling in by some measures, more than Republicans. The analysis

332
00:18:13,160 --> 00:18:17,280
Speaker 1: shows that fifteen of the most politically active nonprofit organizations

333
00:18:17,280 --> 00:18:20,480
Speaker 1: that generally align with the Dems spent more than one

334
00:18:20,600 --> 00:18:24,560
Speaker 1: and a half billion dollars in twenty twenty. Compare that

335
00:18:24,600 --> 00:18:27,639
Speaker 1: to roughly nine hundred million spent by a comparable sample

336
00:18:27,680 --> 00:18:30,439
Speaker 1: of fifteen of the most politically active groups aligned with

337
00:18:30,560 --> 00:18:33,960
Speaker 1: the GOP. One of the groups that they point to

338
00:18:34,119 --> 00:18:38,359
Speaker 1: in particular as the new sort of money powerhouse on

339
00:18:38,440 --> 00:18:42,960
Speaker 1: the Democratic side is called the sixteen thirty Fund. They've

340
00:18:43,000 --> 00:18:48,120
Speaker 1: received mystery donations as large as fifty million dollars. They've

341
00:18:48,119 --> 00:18:51,720
Speaker 1: given grants to more than two hundred groups. They've spent

342
00:18:51,800 --> 00:18:54,760
Speaker 1: a total of four hundred and ten million in twenty

343
00:18:54,800 --> 00:18:58,800
Speaker 1: twenty alone. That is more than the Democratic National Committee

344
00:18:58,800 --> 00:19:03,600
Speaker 1: did itself. And you know, they talked to somebody with

345
00:19:03,720 --> 00:19:07,480
Speaker 1: a group who says, listen, while we are dedicated to

346
00:19:07,560 --> 00:19:10,400
Speaker 1: reducing the influence of special interest money in our politics,

347
00:19:10,600 --> 00:19:13,720
Speaker 1: we're also committed to level the playing field for progressives.

348
00:19:14,119 --> 00:19:16,439
Speaker 1: This is insane. I mean, one of the reasons Trump

349
00:19:16,520 --> 00:19:19,280
Speaker 1: got elected that I think was under sold was his

350
00:19:19,640 --> 00:19:23,360
Speaker 1: talk about draining the swamp. His rhetoric, which I think

351
00:19:23,440 --> 00:19:26,000
Speaker 1: was very effective, about hey, listen, I'm a rich guy.

352
00:19:26,200 --> 00:19:29,080
Speaker 1: I know how this system works. I played this system,

353
00:19:29,359 --> 00:19:31,119
Speaker 1: and I'm not going to be influenced by all this

354
00:19:31,160 --> 00:19:33,520
Speaker 1: money because I'm already rich, so it doesn't you know,

355
00:19:33,560 --> 00:19:35,320
Speaker 1: it doesn't impact me. And now, of course that'll turn

356
00:19:35,359 --> 00:19:37,760
Speaker 1: out to be ridiculous. He was like wildly corrupt and

357
00:19:37,800 --> 00:19:40,159
Speaker 1: all of those things, but I think that rhetoric had

358
00:19:40,200 --> 00:19:43,440
Speaker 1: a lot of appeal. You are just a blatant, disgusting

359
00:19:43,520 --> 00:19:46,160
Speaker 1: hypocrite if you're out there on the one hand saying, oh, yes,

360
00:19:46,200 --> 00:19:48,119
Speaker 1: we care very much about money and politics and we

361
00:19:48,119 --> 00:19:50,000
Speaker 1: want to get the money out of politics and campaign

362
00:19:50,000 --> 00:19:53,639
Speaker 1: finance reform, and then you're spending all your time raising

363
00:19:53,720 --> 00:19:56,919
Speaker 1: millions and millions of dollars from dark money donors and

364
00:19:56,960 --> 00:20:00,239
Speaker 1: being propped up by this these secretive groups that you know,

365
00:20:00,320 --> 00:20:03,639
Speaker 1: the American people have no insight into where this money

366
00:20:03,720 --> 00:20:08,200
Speaker 1: is coming from. And ultimately, you know, Democratic Party aside

367
00:20:08,600 --> 00:20:11,800
Speaker 1: this type of infiltration of money in politics. This is

368
00:20:11,960 --> 00:20:14,679
Speaker 1: why this is a big part of why you have

369
00:20:14,760 --> 00:20:18,520
Speaker 1: this disconnect between what people want Washington to do and

370
00:20:18,520 --> 00:20:22,160
Speaker 1: what Washington actually does. So when you have both parties

371
00:20:22,320 --> 00:20:26,840
Speaker 1: just completely run by outside dark money, that's a disastrous

372
00:20:26,840 --> 00:20:29,320
Speaker 1: state of affairs for democracy. This is so bad. And

373
00:20:29,359 --> 00:20:31,720
Speaker 1: you know, one of the most repulsive parts of this

374
00:20:31,880 --> 00:20:34,280
Speaker 1: that I did not even know was legal, is that

375
00:20:34,320 --> 00:20:38,360
Speaker 1: billionaires can actually give to a nonprofit organization a five

376
00:20:38,400 --> 00:20:40,960
Speaker 1: OHO one C three for the tax code, which allows

377
00:20:41,000 --> 00:20:43,360
Speaker 1: them to take a tax break. Crystal, that five OHO

378
00:20:43,359 --> 00:20:45,360
Speaker 1: one C three can then give money to a five

379
00:20:45,440 --> 00:20:48,040
Speaker 1: OHO one C four, which is a political action committee,

380
00:20:48,080 --> 00:20:50,119
Speaker 1: and that political action committee to five oh one C

381
00:20:50,200 --> 00:20:53,760
Speaker 1: four can then give money to a dark money group.

382
00:20:53,880 --> 00:20:56,440
Speaker 1: So you of essentially made it so that a billionaire

383
00:20:56,560 --> 00:20:59,600
Speaker 1: can actually get a tax right off for then eventually

384
00:20:59,640 --> 00:21:04,400
Speaker 1: basically straw donating to these dark money groups doing all

385
00:21:04,480 --> 00:21:06,800
Speaker 1: kinds of stuff. And here's the thing. These things are

386
00:21:06,840 --> 00:21:10,679
Speaker 1: totally legal. They can basically spend money on whatever they want,

387
00:21:10,880 --> 00:21:15,760
Speaker 1: all kinds of political advertising and commercials and more that

388
00:21:15,800 --> 00:21:18,560
Speaker 1: you know, things that you may not even think Facebook ads,

389
00:21:18,680 --> 00:21:21,680
Speaker 1: advocacy campaigns. And you know, the main thing I would

390
00:21:21,720 --> 00:21:24,600
Speaker 1: say to the Republicans is, you guys invented this, and

391
00:21:24,600 --> 00:21:26,720
Speaker 1: now you're just getting beat at your own game, which

392
00:21:26,760 --> 00:21:29,080
Speaker 1: is actually the most pathetic part because you look at

393
00:21:29,080 --> 00:21:33,120
Speaker 1: this major nonprofit groups aligned with the Republican Party totaled

394
00:21:33,359 --> 00:21:36,320
Speaker 1: nine hundred and seventy two million in twenty twenty, and

395
00:21:36,400 --> 00:21:39,520
Speaker 1: for the Democrats it was one point seven billion, So

396
00:21:39,520 --> 00:21:43,520
Speaker 1: they're being beat almost double at the game that they invented.

397
00:21:43,800 --> 00:21:47,360
Speaker 1: And now it's just a slow ball towards what I mean,

398
00:21:47,640 --> 00:21:51,280
Speaker 1: zero representation in our terms of our actual politics. And

399
00:21:51,359 --> 00:21:53,520
Speaker 1: so many of these people who say that they want

400
00:21:53,560 --> 00:21:58,800
Speaker 1: to crack down on any of the crackdown on secret funding.

401
00:21:58,880 --> 00:22:02,760
Speaker 1: You know, Sheldon Whitehouse, Democrat from Rhode Island. He's like, yeah,

402
00:22:02,760 --> 00:22:05,000
Speaker 1: but with any luck, now that Democrats are more seriously

403
00:22:05,040 --> 00:22:08,200
Speaker 1: in the dark bunny business, Republicans may begin to support

404
00:22:08,440 --> 00:22:12,439
Speaker 1: some transparency. So he's even admitting the game there, being like, yeah, well,

405
00:22:12,480 --> 00:22:15,000
Speaker 1: now that we're winning, maybe they'll come along with us.

406
00:22:15,000 --> 00:22:17,639
Speaker 1: But how many of these Democrats are actually going to

407
00:22:17,720 --> 00:22:20,760
Speaker 1: go ahead and sign on to this legislation. None. This

408
00:22:20,800 --> 00:22:22,680
Speaker 1: is going to be the status quo forever. They'll never

409
00:22:22,760 --> 00:22:25,080
Speaker 1: close it. And the problem is at this point, I mean,

410
00:22:25,119 --> 00:22:27,880
Speaker 1: to really deal with it, you probably need a constitutional

411
00:22:27,920 --> 00:22:30,479
Speaker 1: and then I mean, it's just become a very oh right,

412
00:22:30,480 --> 00:22:33,240
Speaker 1: because it's spreequard. There are look, I actually like Andrew

413
00:22:33,320 --> 00:22:36,240
Speaker 1: Yang's idea of democracy dollars to at least helped to

414
00:22:36,320 --> 00:22:38,359
Speaker 1: try to put some money in the hands of the

415
00:22:38,400 --> 00:22:41,840
Speaker 1: American people as a counterweight example, It's a very difficult

416
00:22:41,840 --> 00:22:44,080
Speaker 1: problem to solve at this point. I mean, I guess

417
00:22:44,080 --> 00:22:46,919
Speaker 1: that is the potential silver lining is just like with

418
00:22:47,000 --> 00:22:49,840
Speaker 1: the stock trading stuff, what it became about Nancy Pelosi

419
00:22:49,880 --> 00:22:53,160
Speaker 1: suddenly Republicans. Okay, it's a good talking point for us

420
00:22:53,200 --> 00:22:55,679
Speaker 1: politically as well. Let's get in on this. I mean,

421
00:22:55,760 --> 00:22:58,439
Speaker 1: if they see this as their political advantage. But the

422
00:22:58,480 --> 00:23:01,280
Speaker 1: problem is with money in pology that the people who

423
00:23:01,359 --> 00:23:06,600
Speaker 1: are in power disproportionately benefited from the current regime. So

424
00:23:06,800 --> 00:23:09,840
Speaker 1: are they going to like undercut themselves and their sources

425
00:23:09,840 --> 00:23:12,760
Speaker 1: of funding and their sources of power, especially people like

426
00:23:12,880 --> 00:23:15,560
Speaker 1: you know, I mean, Pelosi is a perfect example. Part

427
00:23:15,600 --> 00:23:18,159
Speaker 1: of how she maintains such an iron grip on the

428
00:23:18,200 --> 00:23:21,399
Speaker 1: Democratic caucus is because she raises a lot of money

429
00:23:21,680 --> 00:23:24,359
Speaker 1: and then she gives it out, and so she uses

430
00:23:24,400 --> 00:23:27,280
Speaker 1: that and weaponizes that so that people feel like they

431
00:23:27,320 --> 00:23:30,160
Speaker 1: can't criticize her, feel like they can't break from whatever

432
00:23:30,200 --> 00:23:33,399
Speaker 1: the party line is because they need those campaign contributions

433
00:23:33,480 --> 00:23:36,480
Speaker 1: ultimately to keep coming in. So that's a major source

434
00:23:36,880 --> 00:23:40,320
Speaker 1: of every single politician in Washington who has a real

435
00:23:40,440 --> 00:23:43,879
Speaker 1: power position. This money flowing through the system is a

436
00:23:44,000 --> 00:23:47,040
Speaker 1: major major source of their power. The other piece of

437
00:23:47,040 --> 00:23:50,760
Speaker 1: this that I find to be interesting and troubling is

438
00:23:51,000 --> 00:23:54,640
Speaker 1: you'll see the reason why Democrats were able to jump

439
00:23:54,720 --> 00:23:57,280
Speaker 1: to this big lead was all about Trump. Ye, So

440
00:23:57,359 --> 00:24:00,000
Speaker 1: on the Republican side, some of the big donors didn't

441
00:24:00,119 --> 00:24:03,040
Speaker 1: like Trump, and they either stayed down or they started

442
00:24:03,200 --> 00:24:06,640
Speaker 1: entities that ultimately back Democrats. And on the Democratic side

443
00:24:06,720 --> 00:24:09,320
Speaker 1: we've seen this play out time and time again. They

444
00:24:09,440 --> 00:24:12,840
Speaker 1: basically made the argument to their people that listen, Trump

445
00:24:12,920 --> 00:24:18,000
Speaker 1: is so bad that any any means are justified to

446
00:24:18,080 --> 00:24:20,520
Speaker 1: be able to get him out of there. So, you know,

447
00:24:20,600 --> 00:24:23,560
Speaker 1: the end of getting Donald Trump justifies the means of

448
00:24:23,640 --> 00:24:25,960
Speaker 1: letting the dark money flow and throwing out all any

449
00:24:26,000 --> 00:24:29,200
Speaker 1: principles that we had in that regard. And so the

450
00:24:29,680 --> 00:24:33,800
Speaker 1: specter of him as this existential threat is used to

451
00:24:34,720 --> 00:24:37,480
Speaker 1: you know, weaponize money and politics, to amp that up,

452
00:24:37,720 --> 00:24:40,320
Speaker 1: you know, to just abandon their principles on that regard.

453
00:24:40,400 --> 00:24:42,360
Speaker 1: Of course, we saw the way that specter was used

454
00:24:42,359 --> 00:24:45,399
Speaker 1: to discard any concerns about the policy direction, or the

455
00:24:45,440 --> 00:24:48,800
Speaker 1: efficacy or the competence or you know, the mental acuity

456
00:24:48,840 --> 00:24:51,639
Speaker 1: of Joe Biden. You can't criticize him. We can't have someone,

457
00:24:51,680 --> 00:24:53,560
Speaker 1: you know, like Bernie who actually believes in things and

458
00:24:53,640 --> 00:24:56,000
Speaker 1: might do things. We've just got to go for whoever

459
00:24:56,040 --> 00:24:59,480
Speaker 1: the electable person is. And so it really has been used.

460
00:24:59,520 --> 00:25:03,400
Speaker 1: They've used Trump very effectively to maintain this status quo

461
00:25:03,600 --> 00:25:07,080
Speaker 1: and to even amp up the you know, these nefarious

462
00:25:07,080 --> 00:25:09,800
Speaker 1: forces that if you actually care about the future of democracy,

463
00:25:09,880 --> 00:25:12,680
Speaker 1: things like this rampant money in politics is way more

464
00:25:12,960 --> 00:25:15,440
Speaker 1: damaging than anything the people on January six could have done.

465
00:25:15,480 --> 00:25:17,520
Speaker 1: Oh yeah, I mean yeah, And that's probably the most

466
00:25:17,520 --> 00:25:20,000
Speaker 1: controversial thing about all of this, right, But anybody with

467
00:25:20,040 --> 00:25:22,720
Speaker 1: a brain is like, yeah, people spending billions of dollars

468
00:25:22,760 --> 00:25:26,240
Speaker 1: to try and you know, rig the election whichever way

469
00:25:26,240 --> 00:25:29,640
Speaker 1: they want. That seems pretty bad. This is also why

470
00:25:29,680 --> 00:25:32,200
Speaker 1: I get so frustrated, Crystal with a lot of Republicans,

471
00:25:32,240 --> 00:25:34,080
Speaker 1: you know, now all of a sudden, just waking up

472
00:25:34,119 --> 00:25:36,960
Speaker 1: to all of this stuff. I remember the Time magazine

473
00:25:37,000 --> 00:25:39,240
Speaker 1: piece that came out. It was like how Democrats fortified

474
00:25:39,280 --> 00:25:41,360
Speaker 1: the election. I mean, look, a lot of the libertarian

475
00:25:41,400 --> 00:25:45,120
Speaker 1: ways that we appreached a parosh campaign finance funding actually

476
00:25:45,160 --> 00:25:47,639
Speaker 1: paved the way for billionaires to try and do everything

477
00:25:47,640 --> 00:25:49,760
Speaker 1: in their power, which was a lot of power, in

478
00:25:49,880 --> 00:25:52,320
Speaker 1: order to try and swing the election away from Trump.

479
00:25:52,400 --> 00:25:55,320
Speaker 1: I mean, if you really be behind in for campaign

480
00:25:55,359 --> 00:25:59,160
Speaker 1: finance reform and more, let's go. But look, it'll never

481
00:25:59,280 --> 00:26:02,800
Speaker 1: pass through the Republican politicians because they're just as dirty

482
00:26:03,000 --> 00:26:04,760
Speaker 1: as the rest of them. Now they are. You know,

483
00:26:04,880 --> 00:26:06,960
Speaker 1: they've been in bed with the Cookes and with all

484
00:26:07,000 --> 00:26:09,040
Speaker 1: of the intersecting five oh one C threes and five

485
00:26:09,080 --> 00:26:11,280
Speaker 1: oh one C fours for so many years that they

486
00:26:11,320 --> 00:26:13,879
Speaker 1: don't even know how to operate without them. It's like

487
00:26:13,920 --> 00:26:17,080
Speaker 1: a third arm of the RNC. It's the same thing

488
00:26:17,160 --> 00:26:19,639
Speaker 1: now with the DNC. And this actually makes it worse

489
00:26:19,960 --> 00:26:22,639
Speaker 1: because now I don't think it will ever change. But

490
00:26:22,680 --> 00:26:24,960
Speaker 1: it's a very good peak behind the curtain if you

491
00:26:25,000 --> 00:26:27,360
Speaker 1: want to know how it all really works. I mean,

492
00:26:27,400 --> 00:26:29,960
Speaker 1: this stuff, the sixteen thirty four, What the hell is that?

493
00:26:30,240 --> 00:26:35,040
Speaker 1: What's happening? They gave Bill Crystal forty million dollars. How

494
00:26:35,080 --> 00:26:38,240
Speaker 1: do you give that frickin' moron who ran a magazine

495
00:26:38,280 --> 00:26:40,959
Speaker 1: into the ground and then ran the you know what

496
00:26:41,280 --> 00:26:45,040
Speaker 1: and then starts defending democracy or whatever, one of the wrongest,

497
00:26:45,080 --> 00:26:48,160
Speaker 1: most evil people in American politics, and this guy gets

498
00:26:48,160 --> 00:26:50,879
Speaker 1: forty million. This is what they're spending your money on.

499
00:26:50,920 --> 00:26:53,080
Speaker 1: So if you're one of those people who fell for

500
00:26:53,160 --> 00:26:55,880
Speaker 1: one of these ads, stopped Trump or whatever on Facebook,

501
00:26:55,920 --> 00:26:58,280
Speaker 1: I don't blame you. It's okay. You know, emotions were hot,

502
00:26:58,480 --> 00:27:01,280
Speaker 1: but be real about your money is really going because

503
00:27:01,280 --> 00:27:03,040
Speaker 1: it's not. It's not the way that you think it is.

504
00:27:03,160 --> 00:27:05,600
Speaker 1: The only thing that I will say as a little

505
00:27:05,720 --> 00:27:08,280
Speaker 1: to not have this whole segment be total gloom and

506
00:27:08,320 --> 00:27:14,879
Speaker 1: doom is the alternative power center of having grassroots funds

507
00:27:14,960 --> 00:27:18,280
Speaker 1: and candidates who you know truly are supported and able

508
00:27:18,320 --> 00:27:22,280
Speaker 1: to win office based on these small dollar donations across

509
00:27:22,280 --> 00:27:25,320
Speaker 1: the country. That's a new phenomenon, and that's a very

510
00:27:25,359 --> 00:27:27,600
Speaker 1: positive direction because that means at least you'll have a

511
00:27:27,640 --> 00:27:31,440
Speaker 1: few politicians who can get elected and can get into

512
00:27:31,480 --> 00:27:34,800
Speaker 1: some position of power without relying on these big money

513
00:27:34,800 --> 00:27:37,119
Speaker 1: donor networks. And the other thing I would say is

514
00:27:37,359 --> 00:27:40,720
Speaker 1: this money is very effective at the local level, very

515
00:27:40,760 --> 00:27:44,080
Speaker 1: effective even like the lower you go down on the ballot,

516
00:27:44,200 --> 00:27:47,359
Speaker 1: the more that the big dollars ultimately matter when you

517
00:27:47,359 --> 00:27:49,879
Speaker 1: get to the presidential level. It actually really I mean

518
00:27:49,960 --> 00:27:53,760
Speaker 1: Hillary Clinton had and a dollar advantage over Trust and

519
00:27:53,760 --> 00:27:57,640
Speaker 1: Trump still beat her because all of this money, I mean,

520
00:27:57,920 --> 00:27:59,639
Speaker 1: what you're going to buy more ads, You're going to

521
00:27:59,640 --> 00:28:02,600
Speaker 1: in end it is even more people are looking at

522
00:28:02,640 --> 00:28:04,840
Speaker 1: these candidates, and so I don't know that the money

523
00:28:05,240 --> 00:28:08,359
Speaker 1: makes that much of a difference ultimately at the presidential level,

524
00:28:08,400 --> 00:28:11,520
Speaker 1: it does matter a lot lower down on the ballot.

525
00:28:11,600 --> 00:28:14,160
Speaker 1: So I guess that's kind of a you know, kind

526
00:28:14,240 --> 00:28:18,440
Speaker 1: of an optimistic thing that this money ultimately there at

527
00:28:18,440 --> 00:28:22,240
Speaker 1: the electoral level doesn't totally swing things at the presidential level,

528
00:28:22,280 --> 00:28:25,440
Speaker 1: but it dramatically impacts the way that they govern once

529
00:28:25,480 --> 00:28:27,720
Speaker 1: they ultimately get here, and that to me is maybe

530
00:28:27,720 --> 00:28:30,360
Speaker 1: the most pernicious part of it. Yeah. No, I think

531
00:28:30,359 --> 00:28:33,199
Speaker 1: that's really well said. And so look, we can defeat it,

532
00:28:33,400 --> 00:28:36,040
Speaker 1: you know, don't think that it's all gone. This show

533
00:28:36,080 --> 00:28:39,120
Speaker 1: shows you that user supported content can and you know,

534
00:28:39,480 --> 00:28:41,800
Speaker 1: maybe in the long run, can win. But it's going

535
00:28:41,840 --> 00:28:44,360
Speaker 1: to be a titanic and gigantic fight. This is not

536
00:28:44,440 --> 00:28:46,400
Speaker 1: just what we're up against. This is what any candidate

537
00:28:46,400 --> 00:28:48,760
Speaker 1: who stands up against this, and ultimately though it's what

538
00:28:48,800 --> 00:28:51,240
Speaker 1: you are up against, it is against you and your

539
00:28:51,280 --> 00:28:55,920
Speaker 1: popular will. So let's go ahead and then and talk

540
00:28:55,960 --> 00:28:58,479
Speaker 1: about popular will. Look at what I did there, Crystal Nice. Well,

541
00:28:58,680 --> 00:29:01,120
Speaker 1: let's move on to the pole segment. So this is

542
00:29:01,160 --> 00:29:03,800
Speaker 1: something which look, as you said, take all polls with

543
00:29:03,840 --> 00:29:06,600
Speaker 1: a grain of salt. But what I think is usually

544
00:29:06,640 --> 00:29:10,280
Speaker 1: where people are correct is not necessarily on candidates and

545
00:29:10,280 --> 00:29:12,760
Speaker 1: how they feel. How do you feel about the state

546
00:29:12,800 --> 00:29:15,160
Speaker 1: of the country, how do you feel about COVID, how

547
00:29:15,160 --> 00:29:17,520
Speaker 1: do you feel about the state of the economy, how

548
00:29:17,560 --> 00:29:20,040
Speaker 1: do you feel even about the Supreme Court? And luckily

549
00:29:20,120 --> 00:29:22,640
Speaker 1: ABC News went ahead and tested this, So let's put

550
00:29:22,640 --> 00:29:25,880
Speaker 1: this up there on the screen. So seventy six percent

551
00:29:26,320 --> 00:29:29,880
Speaker 1: of respondents want Biden to consider all nominees, not just

552
00:29:30,000 --> 00:29:32,880
Speaker 1: a black woman, a very good indictment of identity politics.

553
00:29:33,120 --> 00:29:36,840
Speaker 1: Seventy five percent say the economy is either not good

554
00:29:37,120 --> 00:29:41,320
Speaker 1: or poor, only one percent say excellent. I want you

555
00:29:41,360 --> 00:29:43,680
Speaker 1: to guess who those one percent of people are. And

556
00:29:43,920 --> 00:29:48,160
Speaker 1: fifty to forty nine support Biden's approval on COVID. So

557
00:29:49,120 --> 00:29:52,600
Speaker 1: this is a catastrophe for the White House. Now, the

558
00:29:52,640 --> 00:29:55,640
Speaker 1: major headline out of this was the indictment of identity politics. Look,

559
00:29:55,680 --> 00:29:58,640
Speaker 1: I could have told you, you know, when affirmative action

560
00:29:58,760 --> 00:30:00,360
Speaker 1: goes down in the state of californ weren't you the

561
00:30:00,400 --> 00:30:03,040
Speaker 1: most liberal place, Like, it's pretty obvious what's happening in

562
00:30:03,120 --> 00:30:06,040
Speaker 1: terms of popular will on that issue. But the one

563
00:30:06,160 --> 00:30:09,800
Speaker 1: where Biden is just so underwater is not just the economy,

564
00:30:09,800 --> 00:30:14,320
Speaker 1: but especially Crystal and COVID because his only strength in

565
00:30:14,360 --> 00:30:17,480
Speaker 1: the past was when COVID was the number one issue

566
00:30:17,720 --> 00:30:21,320
Speaker 1: that his trust numbers on that in twenty twenty before

567
00:30:21,360 --> 00:30:23,720
Speaker 1: the election were like eighty twenty. I mean they were

568
00:30:24,160 --> 00:30:27,880
Speaker 1: sky high. But right even after the vaccine and even

569
00:30:27,880 --> 00:30:30,400
Speaker 1: though the economy wasn't doing well, people said, yeah, he's

570
00:30:30,400 --> 00:30:32,600
Speaker 1: a little iffy on that, but I trust him to

571
00:30:32,640 --> 00:30:35,080
Speaker 1: handle COVID. Well, now you're a fifty to fifty on COVID.

572
00:30:35,160 --> 00:30:38,000
Speaker 1: I mean, when you're there, you've got nothing left, especially

573
00:30:38,040 --> 00:30:40,520
Speaker 1: because COVID is like third or fourth or sometimes even

574
00:30:40,640 --> 00:30:44,000
Speaker 1: fifth on the number of people's priorities. So you look

575
00:30:44,120 --> 00:30:46,880
Speaker 1: especially on how Biden is on the wrong side of COVID.

576
00:30:46,920 --> 00:30:49,240
Speaker 1: He's on the wrong side of the economy. You know.

577
00:30:49,280 --> 00:30:51,720
Speaker 1: Here's the other part. You know, in terms of Ukraine,

578
00:30:51,840 --> 00:30:53,840
Speaker 1: vast majority of people polled said that they did not

579
00:30:53,920 --> 00:30:58,080
Speaker 1: want to get involved in Ukraine. Shocking, I mean absolutely shocking.

580
00:30:58,240 --> 00:31:00,640
Speaker 1: Don't worry though, as we just cover in dark Money,

581
00:31:00,680 --> 00:31:03,440
Speaker 1: it's not like popular will is generally expressed here in DC.

582
00:31:03,720 --> 00:31:07,400
Speaker 1: And that's where the disconnect between the White House on

583
00:31:07,440 --> 00:31:09,920
Speaker 1: the way that the country feels about COVID, about the economy.

584
00:31:10,000 --> 00:31:12,400
Speaker 1: You know, even the identity politics thing on Supreme Court.

585
00:31:12,840 --> 00:31:15,480
Speaker 1: The way that everything is focused on here in DC

586
00:31:16,000 --> 00:31:19,320
Speaker 1: is almost always on the opposite side of public opinion.

587
00:31:19,640 --> 00:31:21,160
Speaker 1: So what is the point of voting for these people?

588
00:31:21,360 --> 00:31:24,120
Speaker 1: I really don't understand. The Democratic Party has been completely

589
00:31:24,120 --> 00:31:27,560
Speaker 1: captured by a small bubble that is like wildly out

590
00:31:27,560 --> 00:31:29,640
Speaker 1: of step with the American public. I mean, the Supreme

591
00:31:29,720 --> 00:31:31,960
Speaker 1: Court thing. I don't think it like it doesn't really

592
00:31:32,000 --> 00:31:34,560
Speaker 1: matter in terms of how people are ultimately going to vote.

593
00:31:34,680 --> 00:31:36,479
Speaker 1: But just to give you sens this isn't just like

594
00:31:36,600 --> 00:31:39,760
Speaker 1: a white people are mad about Biden only considering a

595
00:31:39,760 --> 00:31:42,200
Speaker 1: black woman. Only a little more than one in four

596
00:31:42,320 --> 00:31:46,040
Speaker 1: non white Americans want Biden to consider only black women,

597
00:31:46,120 --> 00:31:48,520
Speaker 1: So the numbers are not that different for people of

598
00:31:48,560 --> 00:31:53,280
Speaker 1: color versus the entire population. Be so pissed. It just again,

599
00:31:53,400 --> 00:31:55,920
Speaker 1: and you know, it doesn't really it's not. There are

600
00:31:55,960 --> 00:31:58,680
Speaker 1: a lot of qualified black women, and ultimately this is

601
00:31:58,800 --> 00:32:00,719
Speaker 1: considering the balance of the court much. I can't get

602
00:32:00,760 --> 00:32:02,960
Speaker 1: that emotionally invested in anyway. But it's just a small

603
00:32:03,000 --> 00:32:07,440
Speaker 1: signal again of how their views on culture and their

604
00:32:07,520 --> 00:32:10,840
Speaker 1: views on economics have become disconnected from what the broader

605
00:32:10,840 --> 00:32:15,280
Speaker 1: American public ultimately wants on the economy. So you have

606
00:32:15,440 --> 00:32:20,840
Speaker 1: this new line of thought and rationalization here in Washington

607
00:32:21,120 --> 00:32:24,320
Speaker 1: that apparently is being taken seriously. That the problem is

608
00:32:24,360 --> 00:32:27,760
Speaker 1: that Biden did too much. Like what I mean, that's

609
00:32:27,800 --> 00:32:30,760
Speaker 1: like the polar opposite of what's going on. People are like,

610
00:32:30,920 --> 00:32:33,920
Speaker 1: you aren't doing anything, You aren't focused on my problems,

611
00:32:33,960 --> 00:32:36,320
Speaker 1: you aren't delivering the goods that you said you would deliver.

612
00:32:36,880 --> 00:32:39,719
Speaker 1: And yet somehow the conventional wisdom has been up. Biden

613
00:32:39,760 --> 00:32:42,240
Speaker 1: went too far. What has they even done in the

614
00:32:42,280 --> 00:32:45,720
Speaker 1: past year. I mean, we haven't had really anything since

615
00:32:45,920 --> 00:32:50,200
Speaker 1: the initial checks, and then we got this infrastructure deal

616
00:32:50,280 --> 00:32:52,880
Speaker 1: that is a nothing burger. I mean, I know they

617
00:32:52,920 --> 00:32:54,800
Speaker 1: want to sell it as this big deal, but we

618
00:32:54,840 --> 00:32:57,880
Speaker 1: saw the bridge collapse in Pittsburgh over the weekend when

619
00:32:57,880 --> 00:33:00,800
Speaker 1: he was there and talk about infrastructure, which was horrifying.

620
00:33:01,080 --> 00:33:02,640
Speaker 1: And then I went and look at you know, look

621
00:33:02,680 --> 00:33:04,960
Speaker 1: up the numbers. We got two hundred and thirty thousand

622
00:33:05,000 --> 00:33:08,080
Speaker 1: bridges in this country that need major repairs or to

623
00:33:08,120 --> 00:33:11,280
Speaker 1: be rebuilt entirely. So even this infrastructure deal, Okay, fine,

624
00:33:11,280 --> 00:33:13,080
Speaker 1: it's good. It's better than what we got under Trump

625
00:33:13,120 --> 00:33:15,480
Speaker 1: in terms of infrastructure, But it's like a drop in

626
00:33:15,480 --> 00:33:19,520
Speaker 1: the bucket in terms of actually upgrading, actually just refurbishing

627
00:33:19,560 --> 00:33:23,320
Speaker 1: what we've got led alan upgrading to the status of

628
00:33:23,360 --> 00:33:26,320
Speaker 1: what a modern state should be. And that's it. That's

629
00:33:26,360 --> 00:33:29,280
Speaker 1: all that they've done. So yeah, people are looking at

630
00:33:29,280 --> 00:33:32,800
Speaker 1: this and going, I feel pessimistic. My paycheck is not

631
00:33:32,920 --> 00:33:35,440
Speaker 1: going as far as it used to. The Other thing

632
00:33:35,440 --> 00:33:37,520
Speaker 1: I was looking at is rents in some cities of

633
00:33:37,560 --> 00:33:40,760
Speaker 1: skyrocketed like forty percent. So all of the things that

634
00:33:40,920 --> 00:33:44,280
Speaker 1: really hit the bottom line of working class families, all

635
00:33:44,360 --> 00:33:46,800
Speaker 1: those prices are going up and up, and what are

636
00:33:46,800 --> 00:33:50,360
Speaker 1: you doing about it? Talk is cheap, like, let's get

637
00:33:50,360 --> 00:33:53,840
Speaker 1: some executive orders go going. Let's go and call out

638
00:33:53,880 --> 00:33:56,760
Speaker 1: these CEOs and name and shame them and curb their

639
00:33:56,760 --> 00:33:59,280
Speaker 1: corporate profits. Another poll that we had looked at before

640
00:33:59,320 --> 00:34:02,680
Speaker 1: shows that people understand that corporate green is driving a

641
00:34:02,720 --> 00:34:05,640
Speaker 1: decent chunk of this inflation, and so you've got a

642
00:34:05,680 --> 00:34:08,560
Speaker 1: perfect lane there to do something about it, and yet

643
00:34:08,880 --> 00:34:12,080
Speaker 1: no action. So yeah, Biden is trying to do what

644
00:34:12,160 --> 00:34:14,640
Speaker 1: Obama tried to do before him, which was to tell

645
00:34:14,680 --> 00:34:17,680
Speaker 1: people that no, no, no, let me tell you what's

646
00:34:17,719 --> 00:34:20,719
Speaker 1: really going on in your economic life. People aren't buying it.

647
00:34:20,760 --> 00:34:23,560
Speaker 1: Democrats aren' buying it, Republicans are buying it, Independents aren't

648
00:34:23,560 --> 00:34:27,440
Speaker 1: buying it. The Democratic base is completely demoralized, and so

649
00:34:27,480 --> 00:34:29,600
Speaker 1: you're set up for a blood bath in the midterm. Yeah,

650
00:34:29,600 --> 00:34:31,680
Speaker 1: and you know, I want to explain that concept too

651
00:34:31,719 --> 00:34:34,279
Speaker 1: about didn't or did too much. Well, he did too

652
00:34:34,360 --> 00:34:37,520
Speaker 1: much on things that don't matter, and then didn't do

653
00:34:37,840 --> 00:34:40,680
Speaker 1: enough on the things that do matter. He spent enormous

654
00:34:40,680 --> 00:34:43,600
Speaker 1: amounts of political capital trying to pass build back better,

655
00:34:43,600 --> 00:34:46,320
Speaker 1: which nobody cared about from day one, got water down,

656
00:34:46,360 --> 00:34:48,880
Speaker 1: water down, water down, and eventually Mansion in Cinema just

657
00:34:48,960 --> 00:34:52,120
Speaker 1: killed it. And now he looks weak and nothing got done,

658
00:34:52,200 --> 00:34:55,479
Speaker 1: and it's actually even if it had, nobody really would

659
00:34:55,480 --> 00:34:57,640
Speaker 1: have cared. Meanwhile, the price of gas went up by

660
00:34:57,719 --> 00:35:01,439
Speaker 1: fifty percent. Meanwhile the supply chain continues. Actually it's getting

661
00:35:01,480 --> 00:35:05,000
Speaker 1: worse in terms of our in terms of the container

662
00:35:05,080 --> 00:35:08,239
Speaker 1: ship problem that I've been tracking pretty closely. People are

663
00:35:08,280 --> 00:35:11,960
Speaker 1: actually looking at the prices and the skyrocketing in terms

664
00:35:12,000 --> 00:35:14,800
Speaker 1: of the variability on that. It's a disaster for American

665
00:35:15,040 --> 00:35:18,760
Speaker 1: shipping companies and for ultimately for the end consumer. Same

666
00:35:18,880 --> 00:35:22,240
Speaker 1: with the grocery store. I mean, look, what the problem

667
00:35:22,400 --> 00:35:24,400
Speaker 1: is that they're not willing to think out of the

668
00:35:24,440 --> 00:35:27,160
Speaker 1: box and throw everything at the wall on the stuff

669
00:35:27,200 --> 00:35:30,399
Speaker 1: that really matters. And when you don't do that, then

670
00:35:30,520 --> 00:35:33,120
Speaker 1: of course nobody's going to trust you on anything. And

671
00:35:33,239 --> 00:35:36,279
Speaker 1: on COVID, I cannot emphasize this enough how out of

672
00:35:36,280 --> 00:35:38,000
Speaker 1: step they are. Let's go ahead and put this up

673
00:35:38,000 --> 00:35:41,480
Speaker 1: there on the screen. A majority of voters now believe

674
00:35:41,719 --> 00:35:44,920
Speaker 1: that COVID should be treated as an endemic disease. But

675
00:35:45,239 --> 00:35:50,719
Speaker 1: and here's the problem. Majority of Democrats, specifically self identified

676
00:35:50,760 --> 00:35:52,960
Speaker 1: Democrats as in part of the base, say that it

677
00:35:53,000 --> 00:35:56,959
Speaker 1: should continue to be treated as an emergency. So this

678
00:35:57,280 --> 00:36:01,160
Speaker 1: is the again, the issue where the fifty or fifty

679
00:36:01,200 --> 00:36:03,640
Speaker 1: two percent or whatever of the Democratic base who are

680
00:36:03,719 --> 00:36:07,320
Speaker 1: dramatically going to be you know, white upper class liberals,

681
00:36:07,360 --> 00:36:11,160
Speaker 1: suburban liberals, are the people who are driving all policy

682
00:36:11,239 --> 00:36:14,360
Speaker 1: for everybody and their mindset and the way they approach

683
00:36:14,440 --> 00:36:18,000
Speaker 1: it and more. This filters down into misery. I went

684
00:36:18,040 --> 00:36:22,240
Speaker 1: to go see Russell Peters this weekend in Tyson's Corner, Virginia. Okay,

685
00:36:22,400 --> 00:36:25,759
Speaker 1: Virginia does not have a statewide mass mandate. As famously

686
00:36:25,760 --> 00:36:28,319
Speaker 1: as Glenn Youngkin and all of them showed in the

687
00:36:28,400 --> 00:36:31,400
Speaker 1: freaking comedy show. You have people barking at you to

688
00:36:31,480 --> 00:36:34,160
Speaker 1: keep your mask on if you're not, you know, eating

689
00:36:34,239 --> 00:36:36,040
Speaker 1: or drinking, and then when you're in line to go

690
00:36:36,080 --> 00:36:38,279
Speaker 1: to the bath or whatever, everyone is screaming you first

691
00:36:38,280 --> 00:36:42,080
Speaker 1: of all, this stupid cloth. Okay, I won't say the

692
00:36:42,080 --> 00:36:44,440
Speaker 1: efficacy of it, given what happened to Dan Bongino. Go

693
00:36:44,520 --> 00:36:46,880
Speaker 1: look at what the CDC go ahead and says about

694
00:36:47,080 --> 00:36:51,800
Speaker 1: the efficacy. I'm like, this is you know, and then meanwhile,

695
00:36:51,920 --> 00:36:55,960
Speaker 1: what's happening, which is that the everybody there also had

696
00:36:56,000 --> 00:36:58,080
Speaker 1: to be vaccinated in order to get in or have

697
00:36:58,160 --> 00:37:00,879
Speaker 1: a proof of a negative COVID test. I'm like, this

698
00:37:00,960 --> 00:37:04,040
Speaker 1: is all fake, This is nuts. And yet when is

699
00:37:04,040 --> 00:37:06,560
Speaker 1: it going away? This is what I'm saying in terms

700
00:37:06,600 --> 00:37:10,600
Speaker 1: of their feelings and more cascade down into misery of

701
00:37:10,680 --> 00:37:13,640
Speaker 1: everybody's lives. And you know, look, I know people go

702
00:37:14,040 --> 00:37:15,719
Speaker 1: so hard for Saga to wear a mask. That's not

703
00:37:15,760 --> 00:37:18,440
Speaker 1: the point, okay. The point is is that it's not

704
00:37:18,560 --> 00:37:22,200
Speaker 1: going away. I hate it, everybody else hates it. Nobody

705
00:37:22,239 --> 00:37:25,439
Speaker 1: has a reasonable end goal, Crystal in terms of being

706
00:37:25,480 --> 00:37:28,080
Speaker 1: told what's happening, and the white House is on the

707
00:37:28,080 --> 00:37:31,400
Speaker 1: other side of that issue. At the beginning of the pandemic,

708
00:37:31,560 --> 00:37:36,719
Speaker 1: when Trump was running for reelection, we tracked how the

709
00:37:36,840 --> 00:37:39,840
Speaker 1: views of the hardcore Republican base and of Trump himself

710
00:37:39,880 --> 00:37:42,720
Speaker 1: were wildly divergent from what the views of the groader

711
00:37:42,760 --> 00:37:45,560
Speaker 1: population was and this created a problem for him because

712
00:37:45,760 --> 00:37:47,800
Speaker 1: to keep the base happy, he had to put himself

713
00:37:47,840 --> 00:37:50,080
Speaker 1: on the wrong on like eighty twenty, on the wrong

714
00:37:50,120 --> 00:37:53,040
Speaker 1: side of issues. The numbers aren't quite that bad in

715
00:37:53,080 --> 00:37:56,319
Speaker 1: the other direction now, but they're getting that way. Or Democrats,

716
00:37:56,360 --> 00:37:59,879
Speaker 1: where the way that the broader population feels is very

717
00:38:00,040 --> 00:38:02,880
Speaker 1: different from how the loudest and hardest core of the

718
00:38:02,880 --> 00:38:06,080
Speaker 1: Democratic base ultimately feels. And you know, David Leenhardt in

719
00:38:06,120 --> 00:38:07,920
Speaker 1: his newsletter this morning for The New York Times actually

720
00:38:07,920 --> 00:38:10,200
Speaker 1: made a good point. He's like, look, on one side,

721
00:38:10,200 --> 00:38:13,319
Speaker 1: you have Republicans, and there's you know, a big problem

722
00:38:13,360 --> 00:38:17,120
Speaker 1: with vaccine hesidency that's keeping people from protecting themselves from

723
00:38:17,160 --> 00:38:19,799
Speaker 1: a disease that at this point is effectively preventable in

724
00:38:19,880 --> 00:38:22,880
Speaker 1: terms of obviously the most severe consequences. But you have

725
00:38:23,000 --> 00:38:27,600
Speaker 1: a form of vaccine hesitancy on the Democratic side, which

726
00:38:27,680 --> 00:38:31,080
Speaker 1: is if you still if you are boosted, you know,

727
00:38:31,200 --> 00:38:35,240
Speaker 1: double vaccine boosted, which I am, and you still feel

728
00:38:35,280 --> 00:38:38,440
Speaker 1: like you are at this tremendous risk. What you're effectively

729
00:38:38,480 --> 00:38:41,759
Speaker 1: saying is like, I don't actually believe this vaccine rule work. Yeah,

730
00:38:41,800 --> 00:38:45,000
Speaker 1: that's correct. That's the message that you've internalized and that

731
00:38:45,040 --> 00:38:47,440
Speaker 1: you're putting out there in the world with your actions,

732
00:38:47,480 --> 00:38:51,400
Speaker 1: and that in and of itself is a form of

733
00:38:51,760 --> 00:38:54,479
Speaker 1: vaccine hesitancy, and I thought that was an interesting way

734
00:38:54,600 --> 00:38:56,520
Speaker 1: to think of it. Now. I think that the type

735
00:38:56,560 --> 00:38:58,840
Speaker 1: of vaccine hesidency where you don't get the vaccine and

736
00:38:58,880 --> 00:39:01,560
Speaker 1: you lead yourself vulnerable and at risk a severe illness,

737
00:39:01,960 --> 00:39:05,640
Speaker 1: is a more damaging type of vaccine hesitancy, but it

738
00:39:05,680 --> 00:39:08,480
Speaker 1: is a similar strain of thought where you are not

739
00:39:08,800 --> 00:39:13,560
Speaker 1: actually grappling with what the real risks are based on

740
00:39:13,640 --> 00:39:18,640
Speaker 1: your status as a vaccinated and boosted person. So ultimately, yeah,

741
00:39:18,640 --> 00:39:22,040
Speaker 1: this creates you know, political conflict, and I think Biden

742
00:39:22,120 --> 00:39:24,760
Speaker 1: has not really known how to navigate this. He certainly

743
00:39:24,760 --> 00:39:28,240
Speaker 1: hasn't leaned into like you know, new lockdowns. He hasn't

744
00:39:28,320 --> 00:39:32,040
Speaker 1: leaned into national masking mandates and these sorts of things.

745
00:39:32,280 --> 00:39:35,760
Speaker 1: But there hasn't been any sort of clear messaging about Okay,

746
00:39:35,800 --> 00:39:37,719
Speaker 1: what's the endpoint, what does this look like? What is

747
00:39:37,760 --> 00:39:41,000
Speaker 1: back to normal? How do we get there? Or putting

748
00:39:41,040 --> 00:39:43,680
Speaker 1: pressure he's the leader of the Democratic Party, put pressure

749
00:39:43,960 --> 00:39:46,080
Speaker 1: on politicians down the line to sort of fall in

750
00:39:46,080 --> 00:39:48,040
Speaker 1: line with Okay, this is the direction we're going in,

751
00:39:48,080 --> 00:39:49,880
Speaker 1: and this is how we're going to continue to live

752
00:39:50,280 --> 00:39:53,320
Speaker 1: with this disease which is now effectively endemic and is

753
00:39:53,360 --> 00:39:55,279
Speaker 1: going to be here in one form or another for

754
00:39:55,480 --> 00:39:58,120
Speaker 1: in perpetuity. There you go, just accept it. Yeah, and

755
00:39:58,160 --> 00:40:02,400
Speaker 1: speaking of restrictions, all of it protests against such respects. Yes, Okay.

756
00:40:02,560 --> 00:40:05,319
Speaker 1: So this is a very interesting story and it has

757
00:40:05,360 --> 00:40:07,160
Speaker 1: a lot of facets to it. A lot of you

758
00:40:07,160 --> 00:40:10,239
Speaker 1: guys been following that. There was this huge convoy of

759
00:40:10,440 --> 00:40:14,880
Speaker 1: Canadian truckers who converged on Ottawa and this protest was

760
00:40:14,920 --> 00:40:18,880
Speaker 1: initially sparked by a regulation change that was actually enacted

761
00:40:18,920 --> 00:40:21,800
Speaker 1: both by the Canadian government and the US government that says,

762
00:40:22,120 --> 00:40:25,560
Speaker 1: if you are an international trucker and you're crossing national

763
00:40:25,600 --> 00:40:28,840
Speaker 1: boundaries and borders, then you have to be vaccinated and

764
00:40:28,880 --> 00:40:30,680
Speaker 1: if you're not, you're going to have to be subject

765
00:40:30,719 --> 00:40:32,440
Speaker 1: to tests and a two week quarantine, which I have

766
00:40:32,480 --> 00:40:34,879
Speaker 1: to assume if you're a trucker. Yeah, that's impossible. That's

767
00:40:34,880 --> 00:40:39,120
Speaker 1: not gonna work. Okay, So this is what sort of

768
00:40:39,160 --> 00:40:43,360
Speaker 1: sparked this protest, but it became this catch all movement

769
00:40:43,760 --> 00:40:47,320
Speaker 1: for everybody who was upset about the various pandemic restrictions

770
00:40:47,360 --> 00:40:49,880
Speaker 1: that they still have in place in Canada. I'm not

771
00:40:49,920 --> 00:40:53,440
Speaker 1: an expert on Canadian pandemic restrictions, but my understanding is

772
00:40:53,440 --> 00:40:55,360
Speaker 1: that they have things in place that are more stringent

773
00:40:55,600 --> 00:40:57,880
Speaker 1: than what we have here. And I should also say

774
00:40:58,080 --> 00:41:02,000
Speaker 1: that they also as a population are more in favor

775
00:41:02,400 --> 00:41:06,480
Speaker 1: of those restrictions by a large margin and generally support

776
00:41:07,640 --> 00:41:10,399
Speaker 1: The broader population generally supports this direction, which I think

777
00:41:10,480 --> 00:41:12,480
Speaker 1: is important context here. So let's go ahead and throw

778
00:41:12,480 --> 00:41:14,319
Speaker 1: this Reuter's Tears sheet up on the screen that has

779
00:41:14,360 --> 00:41:18,440
Speaker 1: the basic details here. Thousand stage peaceful protests in Ottawa

780
00:41:18,760 --> 00:41:22,400
Speaker 1: against Canada's vaccine mandates. So again, this was a convoy.

781
00:41:22,440 --> 00:41:25,160
Speaker 1: There were some like wildly inflated figures on social media

782
00:41:25,280 --> 00:41:28,160
Speaker 1: like fifty thousand trucks. From the best I can tell,

783
00:41:28,239 --> 00:41:31,840
Speaker 1: it was more like hundreds or maybe a couple thousand,

784
00:41:32,040 --> 00:41:34,480
Speaker 1: nowhere near the fifty thousand, but that's still a very

785
00:41:34,520 --> 00:41:39,719
Speaker 1: significant movement coming all the way from Western Canada and

786
00:41:39,880 --> 00:41:42,880
Speaker 1: driving all the way to Ottawa. Convoy across the country.

787
00:41:43,239 --> 00:41:46,360
Speaker 1: They say here thousands held a loud but peaceful protest

788
00:41:46,440 --> 00:41:49,960
Speaker 1: in Canada's capital, Ottawa on Saturday against Prime Minister Justin

789
00:41:49,960 --> 00:41:53,359
Speaker 1: Trudeau's COVID nineteen vaccine mandates on the streets and snow

790
00:41:53,360 --> 00:41:55,880
Speaker 1: covered lawn in front of Parliament. It was cold as

791
00:41:55,920 --> 00:41:57,759
Speaker 1: hell while these people were out there, by the way,

792
00:41:57,840 --> 00:42:01,560
Speaker 1: seen degrees out there. Says that the so called Freedom

793
00:42:01,600 --> 00:42:03,759
Speaker 1: Convoys started out as a rally of truckers against a

794
00:42:03,800 --> 00:42:06,560
Speaker 1: vaccine requirement for cross border drivers, but turned into a

795
00:42:06,600 --> 00:42:09,960
Speaker 1: demonstration against government overreach during the pandemic with a strong

796
00:42:10,000 --> 00:42:14,200
Speaker 1: anti vaccination streak. So what was interesting here from the

797
00:42:14,280 --> 00:42:18,040
Speaker 1: media perspective is the best I could figure out, there

798
00:42:18,080 --> 00:42:21,560
Speaker 1: were a few people who were part of this broader movement,

799
00:42:21,600 --> 00:42:25,000
Speaker 1: not organizers of the convoy, but somehow affiliated, you know,

800
00:42:25,080 --> 00:42:27,840
Speaker 1: and supportive, I guess I should say, of this movement

801
00:42:28,120 --> 00:42:30,359
Speaker 1: who said something like this is going to be our

802
00:42:30,440 --> 00:42:33,680
Speaker 1: January sixth, and so the media took that, freaked out

803
00:42:33,920 --> 00:42:36,319
Speaker 1: ran with it. There was, you know, a lot of

804
00:42:36,360 --> 00:42:38,560
Speaker 1: concerns that there was going to be violent they were

805
00:42:38,600 --> 00:42:42,480
Speaker 1: going to storm the capitol or whatever. Thank goodness, that

806
00:42:42,520 --> 00:42:46,440
Speaker 1: did not end up happening, and it seems in retrospect

807
00:42:46,480 --> 00:42:51,320
Speaker 1: that those concerns may have been wildly overblown. You also

808
00:42:51,440 --> 00:42:56,799
Speaker 1: had something interesting happen with GoFundMe, which is that this

809
00:42:57,360 --> 00:43:01,480
Speaker 1: group raised millions of dollars. Last count that I have

810
00:43:01,560 --> 00:43:03,440
Speaker 1: here a six point two million dollars. We can put

811
00:43:03,440 --> 00:43:07,239
Speaker 1: this tear sheet up on the screen and go fundmet

812
00:43:07,239 --> 00:43:10,399
Speaker 1: wouldn't release that money initially. What they said is they

813
00:43:10,440 --> 00:43:12,759
Speaker 1: needed to have some details about how the money was

814
00:43:12,800 --> 00:43:15,840
Speaker 1: ultimately going to be spent. At this point, now they've

815
00:43:15,840 --> 00:43:19,240
Speaker 1: released an initial one million because they say they receive

816
00:43:19,360 --> 00:43:21,680
Speaker 1: some details of how the money was ultimately going to

817
00:43:21,719 --> 00:43:25,239
Speaker 1: be spent. But there also were concerns. I think this

818
00:43:25,400 --> 00:43:27,480
Speaker 1: was part of the whole idea that this was going

819
00:43:27,520 --> 00:43:30,200
Speaker 1: to be violent and was going to be Canada's January sixth,

820
00:43:30,520 --> 00:43:32,760
Speaker 1: and they didn't want to be seen to have helped

821
00:43:32,800 --> 00:43:36,680
Speaker 1: to fund something that turned into like some violent insurrections.

822
00:43:36,680 --> 00:43:38,319
Speaker 1: So there was a whole panic and freak out of this.

823
00:43:38,400 --> 00:43:40,879
Speaker 1: Let me just say one more thing about this, which is, well,

824
00:43:40,880 --> 00:43:43,319
Speaker 1: we've got the Washington Post editorial which shows some of

825
00:43:43,320 --> 00:43:47,640
Speaker 1: the kind of media freak outs Canada must confront the

826
00:43:47,680 --> 00:43:51,560
Speaker 1: toxic freedom convoy head on this. Up Ed goes on

827
00:43:51,640 --> 00:43:54,480
Speaker 1: to say they're too big to ignore and too unreasonable

828
00:43:54,480 --> 00:43:56,279
Speaker 1: to play cate in so far as they represent a

829
00:43:56,320 --> 00:43:59,560
Speaker 1: broader challenge either way, we shouldn't ignore or placate them. Rather,

830
00:43:59,600 --> 00:44:02,440
Speaker 1: the con supporters must be met with the counter movement

831
00:44:02,520 --> 00:44:06,000
Speaker 1: that refuses to give them an inch, but instead focuses national, subnational,

832
00:44:06,000 --> 00:44:09,960
Speaker 1: and local efforts on true threats to liberty which do exist. Listen,

833
00:44:10,080 --> 00:44:11,840
Speaker 1: I feel about this kind of the same way I

834
00:44:11,880 --> 00:44:16,040
Speaker 1: felt the early anti lockdown protests that we covered here

835
00:44:16,120 --> 00:44:18,080
Speaker 1: that there was a whole media panic about in the

836
00:44:18,200 --> 00:44:21,720
Speaker 1: US press. I didn't support their views and their values.

837
00:44:21,800 --> 00:44:23,799
Speaker 1: I don't support the views of a lot of the

838
00:44:23,800 --> 00:44:25,600
Speaker 1: folks here. And there is a whole lot of like

839
00:44:25,680 --> 00:44:30,240
Speaker 1: anti vaccine sentiment among this group that converged on the Capitol.

840
00:44:30,280 --> 00:44:33,319
Speaker 1: But people can protest. This is I mean, that's what

841
00:44:33,640 --> 00:44:36,440
Speaker 1: democracy is about. You have a view, you disagree with

842
00:44:36,480 --> 00:44:39,560
Speaker 1: the government, you go you stage demonstration. It's a very

843
00:44:39,560 --> 00:44:42,640
Speaker 1: clever one. I mean it's very evocative to see all

844
00:44:42,680 --> 00:44:45,320
Speaker 1: these truckers and a convoy across the country and converging

845
00:44:45,360 --> 00:44:48,360
Speaker 1: on the capitol and making your point, why is the

846
00:44:48,840 --> 00:44:53,600
Speaker 1: panic and the upset around this and just totally like

847
00:44:53,880 --> 00:44:58,160
Speaker 1: smearing them like they're evil wrongdoers, set on like you know,

848
00:44:58,200 --> 00:45:00,920
Speaker 1: a violent insurrection or whatever. I just think that that

849
00:45:01,080 --> 00:45:03,440
Speaker 1: was ended up being very silly. No, the media treatment

850
00:45:03,480 --> 00:45:05,759
Speaker 1: is repulsive. I would love to see GoFundMe show me

851
00:45:05,840 --> 00:45:08,000
Speaker 1: one instance in which they demanded this of any Black

852
00:45:08,040 --> 00:45:10,640
Speaker 1: Lives Matter thing that raised like a gajillion dollars which

853
00:45:10,680 --> 00:45:12,880
Speaker 1: they you know, a lot of recent reporting shows has

854
00:45:12,920 --> 00:45:16,319
Speaker 1: been squandered on mansions and making people rich. Yeah, should

855
00:45:16,400 --> 00:45:19,919
Speaker 1: demand the plan gofund me. It's amazing, right, who gets

856
00:45:19,920 --> 00:45:22,480
Speaker 1: the right media treatment and who gets cracked down and

857
00:45:22,520 --> 00:45:25,600
Speaker 1: who doesn't? And look this, all of the treatment of

858
00:45:25,640 --> 00:45:28,399
Speaker 1: these people is insane. Go ahead and put the next

859
00:45:28,400 --> 00:45:32,000
Speaker 1: one up there, which is that Justin Trudeau was apparently

860
00:45:32,080 --> 00:45:36,440
Speaker 1: moved to a secret location as thousands of people protested

861
00:45:36,480 --> 00:45:40,200
Speaker 1: COVID nineteen vax man dates for truckers and other restrictions

862
00:45:40,440 --> 00:45:43,520
Speaker 1: as it made its way into Ottawa. What do these

863
00:45:43,520 --> 00:45:46,200
Speaker 1: people think is going to happen? They have whipped themselves

864
00:45:46,520 --> 00:45:51,000
Speaker 1: into a frenzy in which they look at their peaceful citizens,

865
00:45:51,000 --> 00:45:54,120
Speaker 1: which is what was actually happening here. You know, protest.

866
00:45:54,280 --> 00:45:56,640
Speaker 1: Last time I checked, Canada has some sort of freedom

867
00:45:56,680 --> 00:46:00,320
Speaker 1: of assembly. Well, you know, they have whipped themselves to

868
00:46:00,400 --> 00:46:02,960
Speaker 1: the same as US, to think that they are literally

869
00:46:03,040 --> 00:46:06,840
Speaker 1: going to attack them and have mass violence breakout. But look,

870
00:46:06,960 --> 00:46:09,359
Speaker 1: we should be very clear here. Let's put this up here.

871
00:46:09,719 --> 00:46:14,000
Speaker 1: Seventy percent of Canadians support dismissal of employees who refuse

872
00:46:14,120 --> 00:46:18,239
Speaker 1: COVID nineteen vaccines. All right, Canada is not even close

873
00:46:18,320 --> 00:46:21,000
Speaker 1: to the US. They have a much more compliant population.

874
00:46:21,560 --> 00:46:24,399
Speaker 1: To me, they're a lot more analogous to Europe. I mean,

875
00:46:24,440 --> 00:46:27,000
Speaker 1: you see a lot of what's happening than nastiness and

876
00:46:27,040 --> 00:46:31,400
Speaker 1: insanity in Austria, with people getting held down for protesting

877
00:46:31,480 --> 00:46:33,400
Speaker 1: all that stuff. The Canadians are a lot more like

878
00:46:33,400 --> 00:46:34,880
Speaker 1: that than they are like us. They don't have the

879
00:46:34,880 --> 00:46:37,160
Speaker 1: same frontier mindset, even though they do have a frontier

880
00:46:37,239 --> 00:46:40,240
Speaker 1: and the freedom and individual liberty that is really baked

881
00:46:40,239 --> 00:46:43,719
Speaker 1: into kind of our psyche doesn't really exist. And the

882
00:46:43,719 --> 00:46:46,560
Speaker 1: real issue, I think to us was not just the

883
00:46:46,600 --> 00:46:51,080
Speaker 1: treatment domestically in Canada of the media there, but really

884
00:46:51,080 --> 00:46:53,720
Speaker 1: at our media trying to make this into a national

885
00:46:53,760 --> 00:46:55,920
Speaker 1: story in which demonized and try and connect it to

886
00:46:56,239 --> 00:46:59,600
Speaker 1: some global authoritarian right wing movement. As you pointed out,

887
00:47:00,080 --> 00:47:02,640
Speaker 1: said that what was it? They thought that the Russians

888
00:47:02,840 --> 00:47:06,239
Speaker 1: had been placed these truckers. Yeah, there some I don't know,

889
00:47:06,400 --> 00:47:09,040
Speaker 1: some idiot on the CBC was like, yeah, I know

890
00:47:09,080 --> 00:47:10,960
Speaker 1: it might sound crazy, but we got to ask what

891
00:47:11,120 --> 00:47:13,960
Speaker 1: was Russia's involved in hare. It's like, oh Jesus Christ,

892
00:47:14,480 --> 00:47:18,080
Speaker 1: I'm sorry what we have leashed on the world. Yeah.

893
00:47:18,160 --> 00:47:21,560
Speaker 1: I mean, listen, you don't have to agree with the

894
00:47:21,600 --> 00:47:25,560
Speaker 1: goals and aims of every protest movement to say they

895
00:47:25,560 --> 00:47:27,560
Speaker 1: got a right to protest. I mean, it's like the

896
00:47:27,600 --> 00:47:32,520
Speaker 1: most with most, it's the most basic possible thing. And

897
00:47:32,960 --> 00:47:35,040
Speaker 1: and I think you were right to point out, look

898
00:47:35,120 --> 00:47:38,280
Speaker 1: about ninety percent apparently of these truckers of Canada's cross

899
00:47:38,280 --> 00:47:41,400
Speaker 1: border truckers are already vaccinated. So this is probably a

900
00:47:41,440 --> 00:47:45,000
Speaker 1: pretty small proportion that ultimately is upset about these rules.

901
00:47:45,000 --> 00:47:47,200
Speaker 1: But listen, you want to get out there, you want

902
00:47:47,200 --> 00:47:49,360
Speaker 1: to organize, you want to have a peaceful protest and

903
00:47:49,400 --> 00:47:52,000
Speaker 1: make your views hard like go to it. That is

904
00:47:52,040 --> 00:47:54,439
Speaker 1: what democracy is supposed to be all about. I also

905
00:47:54,520 --> 00:47:58,200
Speaker 1: saw some of Trudeau's comments like very dismissive and contemptful

906
00:47:58,480 --> 00:48:01,719
Speaker 1: as well, which I you know, I just I think

907
00:48:01,719 --> 00:48:04,160
Speaker 1: that's a bad look. I don't think it's appropriate, and

908
00:48:05,040 --> 00:48:07,880
Speaker 1: to be dismissive of people's concerns you don't have to

909
00:48:08,000 --> 00:48:11,080
Speaker 1: agree with. Again, I think there there are From what

910
00:48:11,120 --> 00:48:13,239
Speaker 1: I saw interviews with this group, you've got a lot

911
00:48:13,239 --> 00:48:15,719
Speaker 1: of people who have, like you know, anti science, sort

912
00:48:15,760 --> 00:48:18,880
Speaker 1: of like anti vaxx views. But people can have a

913
00:48:18,960 --> 00:48:21,480
Speaker 1: right to go out and express themselves against what they're

914
00:48:21,600 --> 00:48:25,160
Speaker 1: arguing about here is effectively just a government policy they are.

915
00:48:25,320 --> 00:48:28,279
Speaker 1: It's okay to have opinions that differ from whatever the

916
00:48:28,280 --> 00:48:31,640
Speaker 1: dominant ethos is ultimately here. And I think it shows

917
00:48:31,920 --> 00:48:38,080
Speaker 1: a lack of lack of confidence in your own viewpoints

918
00:48:38,440 --> 00:48:42,760
Speaker 1: when rather than engage with someone who has a different

919
00:48:42,840 --> 00:48:46,320
Speaker 1: viewpoint and wants a different policy, when you just feel

920
00:48:46,360 --> 00:48:50,839
Speaker 1: like you've got to smear, demonized, dismiss sensor, et cetera,

921
00:48:50,880 --> 00:48:54,439
Speaker 1: et cetera. And so you know, to see that sort

922
00:48:54,480 --> 00:48:57,359
Speaker 1: of infected the Canadian public in a similar way to

923
00:48:57,360 --> 00:49:00,279
Speaker 1: what we've experienced here is not great. Yeah, great, and

924
00:49:00,360 --> 00:49:03,120
Speaker 1: worst export apparent or a worst export to the world.

925
00:49:03,160 --> 00:49:05,200
Speaker 1: When I say greatest, I mean biggest one is apparently

926
00:49:05,239 --> 00:49:08,320
Speaker 1: are idiotic woke politics. This is whenever I travel abroad,

927
00:49:08,320 --> 00:49:11,120
Speaker 1: the people are like, why are you sending this madness here?

928
00:49:11,239 --> 00:49:15,280
Speaker 1: To give you an example, this was a cartoon, political cartoon.

929
00:49:15,360 --> 00:49:18,279
Speaker 1: Put this up there. Fascism, Yeah, it's very fascist in

930
00:49:18,320 --> 00:49:21,719
Speaker 1: order to protest restrictions. These things don't even make any sense.

931
00:49:21,760 --> 00:49:24,720
Speaker 1: They're completely idiotic. Of course, when I read the NPR

932
00:49:24,800 --> 00:49:29,360
Speaker 1: report on this, in the protesters, one truck carried a

933
00:49:29,400 --> 00:49:32,960
Speaker 1: Confederate flag. Many carried expletive laden signs. So they're going

934
00:49:33,040 --> 00:49:35,920
Speaker 1: to pick one truck out of all the trucks in

935
00:49:36,040 --> 00:49:39,040
Speaker 1: order to say that this was what it was really about. Okay, first,

936
00:49:39,120 --> 00:49:41,000
Speaker 1: there's not even real. Yeah you want to talk about

937
00:49:41,040 --> 00:49:43,600
Speaker 1: real separatism in Canada, it actually exists. They're called the

938
00:49:43,640 --> 00:49:47,279
Speaker 1: quebe Quah. But you know, they are idiotic. People are

939
00:49:47,600 --> 00:49:51,480
Speaker 1: unable to understand other countries, even when we literally share

940
00:49:51,760 --> 00:49:54,200
Speaker 1: a border with them. So look, the media treatment on

941
00:49:54,239 --> 00:49:56,239
Speaker 1: these people is repulsive. As you said, I do not

942
00:49:56,239 --> 00:49:58,960
Speaker 1: support the complete anti vax views, but for the broader

943
00:49:59,000 --> 00:50:01,319
Speaker 1: support this has garnered in the United States and even

944
00:50:01,360 --> 00:50:03,960
Speaker 1: within Canada, which is a very high vaccination rate. Most

945
00:50:03,960 --> 00:50:06,080
Speaker 1: of them are against the restrictions. I am not going

946
00:50:06,080 --> 00:50:08,880
Speaker 1: to Canada anytime soon because from the restrictions that I

947
00:50:08,920 --> 00:50:11,319
Speaker 1: can tell, it sounds like complete madness. It's like being

948
00:50:11,480 --> 00:50:14,200
Speaker 1: you know, it's far more stringent than anything in New York,

949
00:50:14,280 --> 00:50:16,560
Speaker 1: or even in New York or a Washington DC. I

950
00:50:16,600 --> 00:50:20,280
Speaker 1: don't really like to get into like criticizing other countries policies.

951
00:50:20,719 --> 00:50:24,160
Speaker 1: Do what you want, what their populations have decided on

952
00:50:24,320 --> 00:50:27,160
Speaker 1: democratic basis that they want to implement and that they

953
00:50:27,239 --> 00:50:29,719
Speaker 1: think makes sense for them. I just I'm not an

954
00:50:29,760 --> 00:50:32,360
Speaker 1: expert on it. I don't want to go into that direction.

955
00:50:32,560 --> 00:50:35,279
Speaker 1: But in terms of just saying, hey, it's okay for

956
00:50:35,320 --> 00:50:37,720
Speaker 1: people to protest and have a different opinion on whatever

957
00:50:37,760 --> 00:50:40,640
Speaker 1: that policy is, that seems like a really easy position

958
00:50:40,680 --> 00:50:42,640
Speaker 1: to ultimately take. Yeah, that's well said. And you know

959
00:50:42,640 --> 00:50:44,840
Speaker 1: if we were, if we were the neocons, we'd be like,

960
00:50:44,880 --> 00:50:47,719
Speaker 1: we need to go in there. You know, imagine, let's

961
00:50:47,760 --> 00:50:51,520
Speaker 1: go wait, spread democracy to Canada. Look feel back for them,

962
00:50:51,560 --> 00:50:54,120
Speaker 1: but you know that's what the Canadians problem. Let's move

963
00:50:54,160 --> 00:50:57,960
Speaker 1: on to NBC. Speaking of neo cons, this is something

964
00:50:58,080 --> 00:51:01,560
Speaker 1: I'll never let it go. The people who propagandize and

965
00:51:01,760 --> 00:51:04,840
Speaker 1: led us into the war in Iraq. Are the biggest

966
00:51:05,040 --> 00:51:09,200
Speaker 1: criminals morally of our generation. They should be shunned, They

967
00:51:09,200 --> 00:51:11,959
Speaker 1: should be made unemployable. If you want to talk about

968
00:51:12,000 --> 00:51:15,400
Speaker 1: cancel culture, these are the people who should be canceled,

969
00:51:15,680 --> 00:51:19,279
Speaker 1: and instead they have failed upwards to the tune of

970
00:51:19,440 --> 00:51:22,919
Speaker 1: millions and millions of dollars. So you will remember Stephen Hayes.

971
00:51:22,960 --> 00:51:24,799
Speaker 1: I've talked a lot about him on the show. He

972
00:51:24,840 --> 00:51:27,720
Speaker 1: wrote a famous book called The Connection between Bin Laden

973
00:51:28,160 --> 00:51:31,200
Speaker 1: and Saddam Hussein, which helped lay the groundwork for the

974
00:51:31,200 --> 00:51:34,360
Speaker 1: invasion of Iraq in the manipulation of the American public.

975
00:51:34,400 --> 00:51:38,080
Speaker 1: He recently resigned from Fox News as a commentator, not

976
00:51:38,120 --> 00:51:41,240
Speaker 1: for any real reason because he orts, in my view,

977
00:51:41,560 --> 00:51:45,399
Speaker 1: because of protesting Tucker Carlson's January sixth documentary. He said

978
00:51:45,440 --> 00:51:48,280
Speaker 1: it was ridiculous in order to insinuate the government agents

979
00:51:48,440 --> 00:51:51,319
Speaker 1: were somehow involved in January sixth, Yeah, right right, that

980
00:51:51,640 --> 00:51:55,480
Speaker 1: be pay close attention to where the line gets actually drawn.

981
00:51:55,560 --> 00:51:58,560
Speaker 1: What is the actual objection here, something that has basically

982
00:51:58,560 --> 00:52:01,000
Speaker 1: been proven to be true. Not endorsing the view that

983
00:52:01,160 --> 00:52:04,160
Speaker 1: is a false flag whatsoever. But look, it's a matter

984
00:52:04,200 --> 00:52:06,600
Speaker 1: of public record, the government informants were involved in. There's

985
00:52:06,600 --> 00:52:08,799
Speaker 1: a lot of other stuff that continues to come out here.

986
00:52:08,920 --> 00:52:11,799
Speaker 1: Well after his resignation from Fox, he's found a new home.

987
00:52:11,880 --> 00:52:13,640
Speaker 1: Let's put this up there on the screen. Where do

988
00:52:13,680 --> 00:52:17,120
Speaker 1: we find the dispatches. Stephen Hayes joins NBC News as

989
00:52:17,120 --> 00:52:20,360
Speaker 1: a contributor in Political Analysts. He will appear regularly across

990
00:52:20,600 --> 00:52:23,840
Speaker 1: all NBC programming, The Today Show, Meet the Press, and

991
00:52:24,000 --> 00:52:27,160
Speaker 1: NBC News and contribute to the network special political and

992
00:52:27,200 --> 00:52:30,040
Speaker 1: election coverage. Thank you so much for the treat of

993
00:52:30,320 --> 00:52:34,120
Speaker 1: NBC News of being able to hear a discredited, wrong

994
00:52:34,280 --> 00:52:38,880
Speaker 1: and foolish man who is going to now enlighten millions

995
00:52:38,880 --> 00:52:43,880
Speaker 1: of liberals who he has been completely rehabilitated to rehabilitated

996
00:52:43,880 --> 00:52:47,840
Speaker 1: to because he opposed Trump and basically endorsed many of

997
00:52:47,840 --> 00:52:50,839
Speaker 1: the views of Russia Gate. And let's put this up there.

998
00:52:51,000 --> 00:52:54,120
Speaker 1: They left out that little key part of Stephen Hayes's bio,

999
00:52:54,320 --> 00:52:58,759
Speaker 1: the Connection. I can't describe to you how completely insane

1000
00:52:59,080 --> 00:53:02,480
Speaker 1: this book was at the time, and how instrumental it

1001
00:53:02,680 --> 00:53:06,440
Speaker 1: was in helping sell the American public on warre in Iraq,

1002
00:53:06,480 --> 00:53:09,640
Speaker 1: and actually, God bless Glennon Greenwald because he dug through

1003
00:53:09,640 --> 00:53:12,560
Speaker 1: the archives and he found the clip. Take a look

1004
00:53:12,600 --> 00:53:14,960
Speaker 1: at how the media was treating this man at the

1005
00:53:14,960 --> 00:53:17,440
Speaker 1: time and the claims that he made in two thousand

1006
00:53:17,440 --> 00:53:20,120
Speaker 1: and two. Well, Stephen Hayes has a new book out

1007
00:53:20,120 --> 00:53:22,600
Speaker 1: called The Connection and mister Hayes from the New York

1008
00:53:22,640 --> 00:53:25,840
Speaker 1: Times yesterday, they have a quote from the staff report

1009
00:53:25,920 --> 00:53:27,880
Speaker 1: that is scheduled to be coming out from the Independent

1010
00:53:27,880 --> 00:53:31,440
Speaker 1: Commission on nine to eleven during the sometime during the

1011
00:53:31,440 --> 00:53:34,480
Speaker 1: next couple of weeks. The staff report found that there

1012
00:53:34,600 --> 00:53:37,839
Speaker 1: was no credible evidence that Iraq and al Qaida cooperated

1013
00:53:37,880 --> 00:53:41,239
Speaker 1: on taxi against the United States, and that repeated contacts

1014
00:53:41,239 --> 00:53:43,640
Speaker 1: between Iraq and al Qaeda do not appear to have

1015
00:53:43,760 --> 00:53:47,880
Speaker 1: resulted in a collaborative relationship. Can what the staff says

1016
00:53:47,920 --> 00:53:49,839
Speaker 1: and what do you say in your book? I'll both

1017
00:53:49,880 --> 00:53:52,640
Speaker 1: be right. No, I don't think so. I think the

1018
00:53:52,719 --> 00:53:55,319
Speaker 1: staff I mean that was I think that mirrors the

1019
00:53:55,400 --> 00:53:57,960
Speaker 1: language that was in the first staff statement in fifteen

1020
00:53:58,000 --> 00:54:00,359
Speaker 1: that was released a couple weeks ago. And I guess

1021
00:54:00,400 --> 00:54:03,239
Speaker 1: it's a question to harken back to a previous administration

1022
00:54:03,320 --> 00:54:07,160
Speaker 1: of what the meaning of collaborative is George Sennett has

1023
00:54:07,160 --> 00:54:12,280
Speaker 1: said repeatedly that the Iraqi has provided training, funding, arms,

1024
00:54:12,880 --> 00:54:16,759
Speaker 1: safe haven for al Qaeda. I would say that that's collaborative.

1025
00:54:17,280 --> 00:54:19,319
Speaker 1: If there was in fact this training, which I believe

1026
00:54:19,360 --> 00:54:21,880
Speaker 1: there was, I report about in my book, that to

1027
00:54:21,880 --> 00:54:25,200
Speaker 1: me is collaboration. Now, whether they collaborated on attacks, I

1028
00:54:25,200 --> 00:54:28,920
Speaker 1: think is a separate question. Yeah, and I apologize there

1029
00:54:28,960 --> 00:54:31,240
Speaker 1: was a June two thousand and four that was published,

1030
00:54:31,280 --> 00:54:33,400
Speaker 1: But he was What I was referring to is that

1031
00:54:33,480 --> 00:54:35,920
Speaker 1: Dick Cheney had actually cited him as the quote best

1032
00:54:35,960 --> 00:54:40,520
Speaker 1: source of information about Saddam's al Qaeda connection. So I

1033
00:54:40,600 --> 00:54:44,200
Speaker 1: want to be clear here. That book was instrumental in

1034
00:54:44,280 --> 00:54:47,120
Speaker 1: helping convince the American public that the ongoing war in

1035
00:54:47,160 --> 00:54:50,000
Speaker 1: Iraq was vital. His previous work, which had not been

1036
00:54:50,040 --> 00:54:52,040
Speaker 1: in the book, what had been published and referred to

1037
00:54:52,120 --> 00:54:54,319
Speaker 1: a lot of this stuff helped pave the way for

1038
00:54:54,360 --> 00:54:57,080
Speaker 1: that war. And you just can't look at that and

1039
00:54:57,120 --> 00:55:00,200
Speaker 1: tell me that that person should have anything to say

1040
00:55:00,360 --> 00:55:03,040
Speaker 1: about modern American politics until they get on their knees

1041
00:55:03,080 --> 00:55:05,680
Speaker 1: and apologize to the world for what they helped. Rod

1042
00:55:06,160 --> 00:55:11,120
Speaker 1: He was the number one proponent of this idea that

1043
00:55:11,160 --> 00:55:17,120
Speaker 1: there was a direct connect between Saddam Hussein and al Qaeda.

1044
00:55:17,160 --> 00:55:20,279
Speaker 1: And I think also, you know what's come out afterwards

1045
00:55:20,440 --> 00:55:23,120
Speaker 1: is the way that he sources. I mean, he had

1046
00:55:23,120 --> 00:55:26,000
Speaker 1: this like one deep state source who fed him what

1047
00:55:26,040 --> 00:55:30,120
Speaker 1: they wanted the narrative to be, and he dutifully engaged

1048
00:55:30,120 --> 00:55:32,839
Speaker 1: in stenography and put out there exactly what the deep

1049
00:55:32,840 --> 00:55:36,399
Speaker 1: state wanted out there in the public media sphere. It's

1050
00:55:36,520 --> 00:55:40,120
Speaker 1: very successful at that. So that's one thing I actually

1051
00:55:40,120 --> 00:55:43,680
Speaker 1: went and looked up some of his quotes about when

1052
00:55:43,719 --> 00:55:46,200
Speaker 1: he was arguing in favor of the Iraq War, he said,

1053
00:55:46,560 --> 00:55:50,360
Speaker 1: I think liberating Iraq will send a strong message to Iran,

1054
00:55:50,480 --> 00:55:53,320
Speaker 1: North Korea and other hostile regimes, not only because it

1055
00:55:53,360 --> 00:55:56,000
Speaker 1: will show that we will the United States will not

1056
00:55:56,120 --> 00:56:00,040
Speaker 1: tolerate bullies, especially bullies with weapons of mass destruction, but

1057
00:56:00,120 --> 00:56:02,520
Speaker 1: it will also, I think hopefully show what a free,

1058
00:56:03,040 --> 00:56:06,640
Speaker 1: liberated people, what a free liberated Iraqi people can do

1059
00:56:06,719 --> 00:56:09,760
Speaker 1: for themselves, and it will again be a fabulous model

1060
00:56:09,800 --> 00:56:12,240
Speaker 1: not only for the Middle East, but for places throughout

1061
00:56:12,280 --> 00:56:14,360
Speaker 1: the world that haven't had these kinds of freedoms in

1062
00:56:14,400 --> 00:56:17,040
Speaker 1: the past. It's a model I've had them realize. Yeah,

1063
00:56:17,040 --> 00:56:20,720
Speaker 1: that was quite quite a fabulous model there. Stephen Hayes.

1064
00:56:21,080 --> 00:56:23,520
Speaker 1: He said, there can no longer be any serious argument

1065
00:56:23,640 --> 00:56:26,359
Speaker 1: about whether Saddam Hussein's or Rock worked with Osama bin

1066
00:56:26,440 --> 00:56:29,680
Speaker 1: Laden and now Kainda to plot against Americans. And I

1067
00:56:29,719 --> 00:56:32,520
Speaker 1: didn't realize, but in doing research for the segment, came

1068
00:56:32,560 --> 00:56:34,800
Speaker 1: to find out not only did he write that book,

1069
00:56:34,840 --> 00:56:39,760
Speaker 1: The Connection, he also wrote a like hey geograph hagiographic

1070
00:56:39,800 --> 00:56:44,879
Speaker 1: biography on Dick Cheney, and another one on Paul Wolfowitz

1071
00:56:45,000 --> 00:56:48,440
Speaker 1: titled The Brain Paul Wolfowitz and the Making of the

1072
00:56:48,480 --> 00:56:52,720
Speaker 1: Bush Doctrine. So, you know, we're about to talk about Rogan.

1073
00:56:53,200 --> 00:56:56,440
Speaker 1: Rogan is you know, he's like basically Hitler at this

1074
00:56:56,480 --> 00:56:59,080
Speaker 1: point in these people's mind, and someone like this is

1075
00:56:59,080 --> 00:57:02,840
Speaker 1: getting a you know who cost thousands and thousands of lives,

1076
00:57:03,000 --> 00:57:05,520
Speaker 1: helped to propagate these lives on the American people, has

1077
00:57:05,560 --> 00:57:09,680
Speaker 1: never apologized, has never like really been rehabilities, continued to

1078
00:57:09,680 --> 00:57:13,800
Speaker 1: go along with some of the worst accesses of media,

1079
00:57:13,880 --> 00:57:18,160
Speaker 1: lying and propaganda. This person gets elevated, they're allowed in

1080
00:57:18,200 --> 00:57:21,840
Speaker 1: polite society, They're given a sweet new prominent gig on

1081
00:57:22,040 --> 00:57:25,480
Speaker 1: NBC across all of their platforms. It's just absolutely absurd

1082
00:57:25,560 --> 00:57:27,960
Speaker 1: and disgusting. No, I know, you know, I saw Paul

1083
00:57:27,960 --> 00:57:30,040
Speaker 1: Wolfo What's on the street one time. I remember looking.

1084
00:57:30,120 --> 00:57:31,800
Speaker 1: I mean, most people wouldn't recognize him, and I was

1085
00:57:31,800 --> 00:57:34,200
Speaker 1: just like you son of you know, I was filled

1086
00:57:34,240 --> 00:57:36,040
Speaker 1: with rage. It was actually around the time that an

1087
00:57:36,080 --> 00:57:38,120
Speaker 1: ISIS attack had happened, and I was like, this is

1088
00:57:38,200 --> 00:57:40,720
Speaker 1: your fault. You know. I remember thinking that and looking

1089
00:57:40,720 --> 00:57:42,880
Speaker 1: at him and just wanting to do something. You know,

1090
00:57:42,880 --> 00:57:44,480
Speaker 1: maybe I just didn't have a courage and actually to

1091
00:57:44,520 --> 00:57:47,160
Speaker 1: go and say something I probably should have. And you know,

1092
00:57:47,240 --> 00:57:51,160
Speaker 1: you think about these people, COVID and misinformation, et cetera.

1093
00:57:51,320 --> 00:57:53,200
Speaker 1: I want, and we're gonna talk about this with Rogan.

1094
00:57:53,200 --> 00:57:54,880
Speaker 1: We're about to get to that. I want a label

1095
00:57:54,920 --> 00:57:57,680
Speaker 1: placed on every single one of his appearances. This man

1096
00:57:57,760 --> 00:57:59,880
Speaker 1: lied about the war in Iraq. But you know what,

1097
00:58:00,040 --> 00:58:02,240
Speaker 1: they'd have to put that up during the whole goddamn

1098
00:58:02,320 --> 00:58:06,320
Speaker 1: broadcast of almost everybody of these people in the media.

1099
00:58:06,400 --> 00:58:08,720
Speaker 1: I mean, this person lied about Russia Gate, this person

1100
00:58:08,760 --> 00:58:11,520
Speaker 1: lied about the Wuhan lab league, this person lied being

1101
00:58:11,560 --> 00:58:15,280
Speaker 1: funny this versus being funny by it. I mean, this

1102
00:58:15,360 --> 00:58:17,880
Speaker 1: is the problem. You want to start putting labels on things.

1103
00:58:17,960 --> 00:58:21,280
Speaker 1: Let's put labels on things. Let's put labels upon people

1104
00:58:21,440 --> 00:58:24,480
Speaker 1: who are real liars. You know this is a good segue.

1105
00:58:25,080 --> 00:58:27,520
Speaker 1: I'm hopped up, you know, Rogan. He went ahead and

1106
00:58:27,680 --> 00:58:31,120
Speaker 1: responded yesterday to the Late last night he put out

1107
00:58:31,280 --> 00:58:33,400
Speaker 1: a ten minute long video and encourage everybody to go

1108
00:58:33,680 --> 00:58:38,680
Speaker 1: and watch it. His thoughts on the current controversy with Spotify.

1109
00:58:38,840 --> 00:58:41,160
Speaker 1: Let's hear it from the man himself. The problem I

1110
00:58:41,200 --> 00:58:44,880
Speaker 1: have with the term misinformation, especially today, is that many

1111
00:58:44,920 --> 00:58:47,680
Speaker 1: of the things that we thought of as misinformation just

1112
00:58:47,720 --> 00:58:50,640
Speaker 1: a short while ago are now accepted as fact. Like,

1113
00:58:50,680 --> 00:58:53,800
Speaker 1: for instance, eight months ago, if you said, if you

1114
00:58:54,000 --> 00:58:56,800
Speaker 1: get vaccinated, you can still catch COVID and you can

1115
00:58:56,800 --> 00:59:00,280
Speaker 1: still spread COVID, you would be removed from social media,

1116
00:59:00,640 --> 00:59:04,440
Speaker 1: they would ban you from certain platforms. Now that's accepted

1117
00:59:04,440 --> 00:59:08,560
Speaker 1: as fact. If you said I don't think cloth masks work,

1118
00:59:08,880 --> 00:59:12,920
Speaker 1: you would be banned from social media. Now that's openly

1119
00:59:12,960 --> 00:59:16,840
Speaker 1: and repeatedly stated on CNN. If you said, I think

1120
00:59:16,960 --> 00:59:20,200
Speaker 1: it's possible that COVID nineteen came from a lab, you'd

1121
00:59:20,280 --> 00:59:23,720
Speaker 1: be banned from many social media platforms. Now that's on

1122
00:59:23,760 --> 00:59:27,840
Speaker 1: the cover of Newsweek. All of those theories that at

1123
00:59:27,840 --> 00:59:30,680
Speaker 1: one point in time were banned. Were openly discussed by

1124
00:59:30,680 --> 00:59:32,520
Speaker 1: those two men that I had on my podcasts that

1125
00:59:32,600 --> 00:59:36,000
Speaker 1: have been accused of dangerous misinformation. I do not know

1126
00:59:36,200 --> 00:59:38,280
Speaker 1: if they're right. I don't know because I'm not a doctor.

1127
00:59:38,360 --> 00:59:40,600
Speaker 1: I'm not a scientist. I'm just a person who sits

1128
00:59:40,600 --> 00:59:42,720
Speaker 1: down and talks to people and has conversations with them.

1129
00:59:43,280 --> 00:59:46,520
Speaker 1: Do I get things wrong, Absolutely, I get things wrong,

1130
00:59:46,560 --> 00:59:48,880
Speaker 1: but I try to correct them. Whenever I get something wrong,

1131
00:59:48,920 --> 00:59:51,280
Speaker 1: I try to correct it because I'm interested in telling

1132
00:59:51,280 --> 00:59:53,760
Speaker 1: the truth. I'm interested in finding out what the truth is,

1133
00:59:53,880 --> 00:59:58,720
Speaker 1: and I'm interested in having interesting conversations with people that

1134
00:59:58,840 --> 01:00:03,000
Speaker 1: have differing opinions. I'm not interested in only talking to

1135
01:00:03,120 --> 01:00:07,720
Speaker 1: people that have one perspective. That's one of the reasons

1136
01:00:07,720 --> 01:00:10,680
Speaker 1: why I had Sonjay Gupta on Doctor Sonjay Gupta, who

1137
01:00:10,680 --> 01:00:13,880
Speaker 1: I respect very much and I really enjoyed our conversation together.

1138
01:00:14,160 --> 01:00:16,880
Speaker 1: He has a different opinion than those men do. I

1139
01:00:16,960 --> 01:00:20,480
Speaker 1: had doctor Michael Osterholm on at the very beginning of

1140
01:00:20,520 --> 01:00:26,960
Speaker 1: the pandemic. He is on President Biden's COVID nineteen advisory board.

1141
01:00:27,640 --> 01:00:32,520
Speaker 1: I had doctor Peter Hotez on, who is a vaccine expert.

1142
01:00:32,920 --> 01:00:36,320
Speaker 1: I'm interested in finding out what is correct and find

1143
01:00:36,400 --> 01:00:39,440
Speaker 1: I'm also finding out how people come to these conclusions

1144
01:00:39,440 --> 01:00:41,680
Speaker 1: and what the facts are, you know, and Crystal, he

1145
01:00:41,720 --> 01:00:44,040
Speaker 1: actually goes on to say, he said, look, you want

1146
01:00:44,040 --> 01:00:47,560
Speaker 1: to label it, fine, in terms of Spotify's decision, I'll

1147
01:00:47,600 --> 01:00:50,560
Speaker 1: go into some of that more in my monologue at

1148
01:00:50,560 --> 01:00:52,760
Speaker 1: the end, though, I mean, this is the most gracious response.

1149
01:00:52,760 --> 01:00:54,880
Speaker 1: He goes, you know what, thank you, even to my haters.

1150
01:00:55,120 --> 01:00:58,760
Speaker 1: You keep me sharp. I mean, look, he acknowledges in there.

1151
01:00:58,840 --> 01:01:00,960
Speaker 1: He says, I'm going to be having on people with

1152
01:01:01,080 --> 01:01:04,560
Speaker 1: differing opinions. He said, Look, if anything, a mistake I

1153
01:01:04,640 --> 01:01:06,960
Speaker 1: made was when I have a controversial podcast, I would

1154
01:01:06,960 --> 01:01:09,560
Speaker 1: have a guest with differing views. Right after that, he's like,

1155
01:01:09,560 --> 01:01:11,800
Speaker 1: but I schedule it myself, so I get it, you know,

1156
01:01:11,880 --> 01:01:13,760
Speaker 1: let it get out of hand again. It shows you

1157
01:01:13,800 --> 01:01:18,280
Speaker 1: that it's an utterly unique product. It's just so repulsive

1158
01:01:18,320 --> 01:01:21,480
Speaker 1: to me to watch this ongoing campaign, of which there

1159
01:01:21,520 --> 01:01:23,240
Speaker 1: is a lot more going on behind the scenes, which

1160
01:01:23,280 --> 01:01:26,920
Speaker 1: I will detail, but of which is so it's a

1161
01:01:27,000 --> 01:01:29,400
Speaker 1: singled out. As we just talked about when it came

1162
01:01:29,440 --> 01:01:32,960
Speaker 1: to NBC, you have liars and propagandas in the media

1163
01:01:32,960 --> 01:01:37,280
Speaker 1: who get away with ten times murder and more of

1164
01:01:37,480 --> 01:01:40,600
Speaker 1: what anything Rogan could even be accused of doing, let

1165
01:01:40,640 --> 01:01:44,040
Speaker 1: alone actually be responsible of. They fail upwards. They have

1166
01:01:44,120 --> 01:01:46,880
Speaker 1: no labels that are placed upon them. Why don't NBC's

1167
01:01:46,880 --> 01:01:51,040
Speaker 1: brought advertisers bowicott them for hiring somebody who is an

1168
01:01:51,080 --> 01:01:54,840
Speaker 1: Iraq war propagandast. So the selective outrage and the selective

1169
01:01:54,880 --> 01:01:57,600
Speaker 1: pressure is doing done for one purpose. They want to

1170
01:01:57,680 --> 01:02:00,320
Speaker 1: demonize not only Rogan, but anybody who listens to Rogan,

1171
01:02:00,360 --> 01:02:03,160
Speaker 1: anybody who associates with Rogan, anbody who would defend Rogan

1172
01:02:03,200 --> 01:02:06,960
Speaker 1: and make him politically toxic and unpalatable, and to demonize

1173
01:02:07,000 --> 01:02:09,560
Speaker 1: the people who listen to him, who support him, and

1174
01:02:09,640 --> 01:02:12,880
Speaker 1: more and make him untouchable because they're afraid of the

1175
01:02:12,920 --> 01:02:16,320
Speaker 1: power that he has accumulated in our society. That's the one,

1176
01:02:16,400 --> 01:02:19,000
Speaker 1: and they need a scapegoat for their own failures. And

1177
01:02:19,040 --> 01:02:22,080
Speaker 1: so it's very easy. I mean, this caricature they've painted

1178
01:02:22,080 --> 01:02:25,680
Speaker 1: of Rogan is so ridiculous. They make it like he's

1179
01:02:25,680 --> 01:02:28,400
Speaker 1: like Kim Jong un, or like every podcast is just

1180
01:02:28,440 --> 01:02:33,160
Speaker 1: like lying about vaccines. One after another listen. We talked

1181
01:02:33,160 --> 01:02:36,560
Speaker 1: about the Malone podcast Doctor Malone Podcast in particular, I

1182
01:02:36,560 --> 01:02:38,560
Speaker 1: had a lot of issues with it. That guy's just wrong.

1183
01:02:38,800 --> 01:02:43,280
Speaker 1: He cherry picks the data. He is actually totally wrong

1184
01:02:43,320 --> 01:02:45,320
Speaker 1: on some of the things that he said. I didn't

1185
01:02:45,320 --> 01:02:47,640
Speaker 1: even listen to the other guy was his name, Peter McCullough.

1186
01:02:47,640 --> 01:02:51,560
Speaker 1: I can't really speak as much to that one. And

1187
01:02:51,600 --> 01:02:53,760
Speaker 1: I will say, you know, in terms of Rogan's response,

1188
01:02:53,800 --> 01:02:55,520
Speaker 1: one of the things he led with is like, here's

1189
01:02:55,560 --> 01:02:58,640
Speaker 1: their credentials, their doctor, this one has these patents, their

1190
01:02:58,720 --> 01:03:02,000
Speaker 1: most published or cited, he's involved with the development of

1191
01:03:02,000 --> 01:03:05,880
Speaker 1: the mRNA vaccine. That stuff, to me doesn't have as

1192
01:03:06,000 --> 01:03:09,560
Speaker 1: much weight. Ultimately, like, to me, the credentials aren't enough.

1193
01:03:09,560 --> 01:03:14,400
Speaker 1: And personally, I would not choose to interview those individuals

1194
01:03:14,480 --> 01:03:18,120
Speaker 1: because they are much more deeply steeped in this sort

1195
01:03:18,120 --> 01:03:21,480
Speaker 1: of like medical and scientific jargon. And I know I

1196
01:03:21,520 --> 01:03:24,160
Speaker 1: would get snowed because I just this isn't I don't

1197
01:03:24,160 --> 01:03:29,320
Speaker 1: spend all day long thinking about COVID and medicine and epidemiology.

1198
01:03:29,480 --> 01:03:31,919
Speaker 1: And so if you have someone who is very sort

1199
01:03:31,920 --> 01:03:34,959
Speaker 1: of advanced and has all of the scientific jargon, it's

1200
01:03:35,080 --> 01:03:37,520
Speaker 1: very easy for them to sort of, you know, to

1201
01:03:37,880 --> 01:03:39,880
Speaker 1: put out these talking points of this study and that

1202
01:03:39,880 --> 01:03:42,320
Speaker 1: study and the other study that you haven't looked into deeply,

1203
01:03:42,360 --> 01:03:45,160
Speaker 1: and it's very hard to fact check in real time.

1204
01:03:45,680 --> 01:03:48,840
Speaker 1: All of that being said, the caricature that is created

1205
01:03:48,880 --> 01:03:52,360
Speaker 1: of Rogan that he speaks to as well, is so ridiculous,

1206
01:03:52,680 --> 01:03:56,680
Speaker 1: Like he has on people all across the spectrum, including

1207
01:03:56,720 --> 01:03:59,400
Speaker 1: people as he points to Sanjay Gupta and others who

1208
01:03:59,400 --> 01:04:03,600
Speaker 1: have very traditional and represented in mainstream media views on

1209
01:04:03,680 --> 01:04:08,040
Speaker 1: vaccination and on coronavirus, and ultimately the idea that Joe

1210
01:04:08,160 --> 01:04:10,800
Speaker 1: Rogan is like the biggest problem in society and the

1211
01:04:10,840 --> 01:04:12,560
Speaker 1: thing that you're going to like go to the wall

1212
01:04:12,640 --> 01:04:16,680
Speaker 1: to protest over to me, it's just beyond silly and absurd.

1213
01:04:16,760 --> 01:04:18,880
Speaker 1: I thought this was a very classy response from Rogan.

1214
01:04:19,040 --> 01:04:22,120
Speaker 1: It showed why people really do trust and appreciate him,

1215
01:04:22,160 --> 01:04:25,960
Speaker 1: because you can see he is reflecting on it himself

1216
01:04:26,080 --> 01:04:29,200
Speaker 1: and not just trying to like hardline like they're ridiculous.

1217
01:04:29,240 --> 01:04:32,160
Speaker 1: He's thinking about how could I have handled this bat like, hey,

1218
01:04:32,160 --> 01:04:34,000
Speaker 1: I can book this, and you know, what could I

1219
01:04:34,040 --> 01:04:38,760
Speaker 1: do different? You know, and and actually like expressing gratitude

1220
01:04:39,160 --> 01:04:42,880
Speaker 1: for the criticism, which is way more than you know. Personally,

1221
01:04:42,920 --> 01:04:45,600
Speaker 1: I'm like too fragile to to be able to do that.

1222
01:04:46,000 --> 01:04:48,720
Speaker 1: You know, look, I said this before Vin Aprosod came

1223
01:04:48,760 --> 01:04:50,880
Speaker 1: on the show. We did a half hour long segment

1224
01:04:50,920 --> 01:04:53,760
Speaker 1: with him, Doctor van A. Prossod, and specifically broke down

1225
01:04:53,800 --> 01:04:56,640
Speaker 1: some of the most problematic claims in the Malone interview

1226
01:04:56,760 --> 01:04:59,720
Speaker 1: and in the McCullough interview as well. It was three

1227
01:04:59,760 --> 01:05:03,040
Speaker 1: thous words, it was here's claim, here's the fact check

1228
01:05:03,240 --> 01:05:05,840
Speaker 1: all of that, And even though it was critical of

1229
01:05:06,120 --> 01:05:09,680
Speaker 1: Joe's own podcast. I sent him that article and he

1230
01:05:09,720 --> 01:05:13,600
Speaker 1: tweeted it out almost immediately and expressed interest he read it.

1231
01:05:13,640 --> 01:05:16,200
Speaker 1: I mean this, what more could you ask for? Have

1232
01:05:16,240 --> 01:05:19,080
Speaker 1: you ever seen Brian Stelter or Jake Tapper or any

1233
01:05:19,120 --> 01:05:22,080
Speaker 1: of these other people even acknowledge any of the criticism

1234
01:05:22,280 --> 01:05:25,480
Speaker 1: of the outright lies that they have told not you know,

1235
01:05:25,520 --> 01:05:28,040
Speaker 1: I only did CNN there, Okay, let's include many of

1236
01:05:28,040 --> 01:05:30,600
Speaker 1: the people in Fox News, many of the people on MSNBC.

1237
01:05:30,720 --> 01:05:33,160
Speaker 1: They would never do this. And you know, there was

1238
01:05:33,200 --> 01:05:35,240
Speaker 1: a segment over the weekend that CNN did. We'll cover

1239
01:05:35,280 --> 01:05:37,960
Speaker 1: it tomorrow, but I'll mention it here where they said

1240
01:05:38,080 --> 01:05:41,040
Speaker 1: people are fundamentally angry about and wanting to not being

1241
01:05:41,080 --> 01:05:44,160
Speaker 1: able to stop Rogan's audience from wanting news that is

1242
01:05:44,200 --> 01:05:46,680
Speaker 1: bad for them. We are all haunted by the specter

1243
01:05:46,800 --> 01:05:49,160
Speaker 1: of this guy who is listening to Joe Rogan and

1244
01:05:49,320 --> 01:05:54,800
Speaker 1: internalizing this bad information. So they think that it's bad

1245
01:05:54,880 --> 01:05:57,520
Speaker 1: information on Joe Rogan, but that you can get good

1246
01:05:57,560 --> 01:06:00,960
Speaker 1: information on CNN. You asked me who lied more? Who

1247
01:06:01,040 --> 01:06:04,400
Speaker 1: is ten times more destructed? One hundred one hundred thousand.

1248
01:06:04,440 --> 01:06:06,680
Speaker 1: I barely have the exponents to describe who has been

1249
01:06:06,680 --> 01:06:10,720
Speaker 1: more destructive to American society, who never never does any

1250
01:06:10,800 --> 01:06:13,720
Speaker 1: felf for reflection or contum It is the mainstream media

1251
01:06:14,040 --> 01:06:17,720
Speaker 1: one hundred percent. They are absolute enemies whenever it comes

1252
01:06:17,760 --> 01:06:19,520
Speaker 1: to this. I'm willing to use this rhetoric at this

1253
01:06:19,560 --> 01:06:22,920
Speaker 1: point because watching this happen to somebody who I deeply

1254
01:06:22,960 --> 01:06:26,120
Speaker 1: respect and who has look elevated us on a personal level.

1255
01:06:26,160 --> 01:06:27,919
Speaker 1: But even if I had never been on the Joe

1256
01:06:27,960 --> 01:06:29,880
Speaker 1: Rogan experience or any of that, I've been a fan

1257
01:06:29,920 --> 01:06:32,320
Speaker 1: of his for several years. The way that they have

1258
01:06:32,440 --> 01:06:36,240
Speaker 1: pointed a painted him in the press is outrageous, and

1259
01:06:36,760 --> 01:06:38,440
Speaker 1: you know it's become a meme. Now, none of these

1260
01:06:38,440 --> 01:06:41,800
Speaker 1: people actually listen. You do you think every guest is

1261
01:06:41,800 --> 01:06:45,120
Speaker 1: a COVID guest. It's usually them getting high and like

1262
01:06:45,160 --> 01:06:49,200
Speaker 1: with comedians and talking bunch of bullshit, which is great.

1263
01:06:49,280 --> 01:06:52,200
Speaker 1: That's originally what made it popular. In my opinion, the

1264
01:06:52,200 --> 01:06:55,120
Speaker 1: most controversial things and subjects that he touches are when

1265
01:06:55,160 --> 01:06:59,400
Speaker 1: we question archaeological science like Graham Hancock and the younger

1266
01:06:59,480 --> 01:07:03,760
Speaker 1: driest Earth impact theories, and whether the Sphinx is ten

1267
01:07:03,920 --> 01:07:07,520
Speaker 1: thousand years old, or whether Christianity is actually the subject

1268
01:07:07,560 --> 01:07:12,000
Speaker 1: of like psychedelically tainted milk. These are way more controversial

1269
01:07:12,320 --> 01:07:13,960
Speaker 1: and my by the way, this are the episodes I

1270
01:07:14,000 --> 01:07:15,840
Speaker 1: live for, you know, those are my favorite ones. Or

1271
01:07:15,960 --> 01:07:19,480
Speaker 1: David Choe or I mean Anthony Boortain. Those are the

1272
01:07:19,480 --> 01:07:23,560
Speaker 1: best interviews that he's ever done. The CrossFit stuff, you know, carnivore,

1273
01:07:23,640 --> 01:07:26,640
Speaker 1: diet vegan, diet debates, whatever, That's what the Joe Rogan

1274
01:07:26,680 --> 01:07:29,200
Speaker 1: experience really is. You would never know that if he

1275
01:07:29,240 --> 01:07:31,160
Speaker 1: didn't actually listen. You can tell I'm you know, for

1276
01:07:31,160 --> 01:07:32,880
Speaker 1: those of you who listen as much as I do,

1277
01:07:33,000 --> 01:07:35,040
Speaker 1: this is what you really get from it. So to

1278
01:07:35,120 --> 01:07:39,760
Speaker 1: watch this campaign and the selective outrage and the way

1279
01:07:39,800 --> 01:07:43,640
Speaker 1: that they're trying to weaponize him or weaponize popular culture

1280
01:07:43,960 --> 01:07:46,600
Speaker 1: against him, is really disgusting. And I also recognize too

1281
01:07:46,600 --> 01:07:48,400
Speaker 1: that it's not about doctor Malone, it's not about doctor

1282
01:07:48,400 --> 01:07:51,600
Speaker 1: Peter mccallaugh. It's about power. This CNN segment is everything

1283
01:07:51,880 --> 01:07:54,840
Speaker 1: They want the good information, their information, to be the

1284
01:07:54,840 --> 01:07:57,120
Speaker 1: only information that people get. Yeah, I mean, his audience

1285
01:07:57,200 --> 01:07:59,560
Speaker 1: is so much bigger than theirs and people and it's

1286
01:07:59,600 --> 01:08:03,600
Speaker 1: so much more influential too, because you know, CNN and

1287
01:08:03,800 --> 01:08:06,080
Speaker 1: I'm a semec and Fox News. I mean, they'd benefit

1288
01:08:06,120 --> 01:08:08,800
Speaker 1: from these sort of like legacy systems. It's on in

1289
01:08:08,840 --> 01:08:12,040
Speaker 1: the background, like people are sort of half tuned into it.

1290
01:08:12,360 --> 01:08:15,320
Speaker 1: They don't care about any of the individual personalized I

1291
01:08:15,360 --> 01:08:17,559
Speaker 1: mean we saw it when we were when we were

1292
01:08:17,600 --> 01:08:20,280
Speaker 1: talking about our book. You could tell when you went

1293
01:08:20,360 --> 01:08:22,960
Speaker 1: on I mean any cable news segment that we did,

1294
01:08:23,320 --> 01:08:27,679
Speaker 1: nobody bought from where because people aren't They don't care

1295
01:08:27,760 --> 01:08:30,280
Speaker 1: what these personalities have to say. They don't trust them.

1296
01:08:30,520 --> 01:08:32,519
Speaker 1: There was a New York Times reporter who put out

1297
01:08:32,560 --> 01:08:35,000
Speaker 1: a tweet that was basically like, you know, Rogan is

1298
01:08:35,040 --> 01:08:37,280
Speaker 1: what he is. Maybe those of us in the media

1299
01:08:37,360 --> 01:08:39,200
Speaker 1: ought to ask why people trust him more than they

1300
01:08:39,200 --> 01:08:43,720
Speaker 1: trust us, And people melted down because you can't say

1301
01:08:43,760 --> 01:08:46,200
Speaker 1: that You can't say, like, hey, maybe we should do

1302
01:08:46,240 --> 01:08:49,839
Speaker 1: some self reflection about why this guy is so popular

1303
01:08:49,880 --> 01:08:52,759
Speaker 1: and trusted and like the numbers in terms of trust

1304
01:08:52,880 --> 01:08:55,400
Speaker 1: in mainstream media just keep falling and falling and folly.

1305
01:08:55,439 --> 01:08:58,640
Speaker 1: Oh no, can't say that. Can't possibly have that conversation.

1306
01:08:59,080 --> 01:09:00,760
Speaker 1: I don't know. I had this morning. I got a

1307
01:09:00,760 --> 01:09:03,240
Speaker 1: text from a friend of mine who is at home

1308
01:09:03,280 --> 01:09:06,720
Speaker 1: in Brazil visiting her family, and she was like, what's

1309
01:09:06,760 --> 01:09:09,960
Speaker 1: going on with Rogan? I heard on three different Brazilian

1310
01:09:10,120 --> 01:09:13,120
Speaker 1: radio stations that something is happening. I'm like, you know,

1311
01:09:13,200 --> 01:09:17,040
Speaker 1: with all of the problems in the world, by the way,

1312
01:09:17,160 --> 01:09:21,439
Speaker 1: conflict in Ukraine and you know, climate crisis and all

1313
01:09:21,600 --> 01:09:24,880
Speaker 1: like democracy falling apart, all of these issues in the world,

1314
01:09:25,280 --> 01:09:28,040
Speaker 1: and you're going to think the biggest problem where you're

1315
01:09:28,080 --> 01:09:31,160
Speaker 1: going to like stage your protest is over Joe Rogan

1316
01:09:31,240 --> 01:09:32,519
Speaker 1: and oh, by the way, and I know you're going

1317
01:09:32,560 --> 01:09:34,439
Speaker 1: to talk about this and your monologue. But for the

1318
01:09:34,520 --> 01:09:38,840
Speaker 1: non premium subscribers, like the idea for Neil Young that

1319
01:09:38,880 --> 01:09:40,679
Speaker 1: you're going to take your music down off of Spotify,

1320
01:09:40,720 --> 01:09:44,720
Speaker 1: You're going to push people towards Amazon, like Amazon is

1321
01:09:44,720 --> 01:09:47,720
Speaker 1: a beacon for light and goodness in the world. I mean,

1322
01:09:48,080 --> 01:09:50,599
Speaker 1: Rogan could never hope to do as much damage as

1323
01:09:50,680 --> 01:09:54,000
Speaker 1: Amazon as done with their spot. So I'm going to

1324
01:09:54,040 --> 01:09:58,680
Speaker 1: go to the most evil corporation planet that has ever existed, practically,

1325
01:09:58,760 --> 01:10:02,080
Speaker 1: I mean just crush wishing labor and the labor market

1326
01:10:02,360 --> 01:10:06,559
Speaker 1: unions and firing people and surveilling them and getting sanctioned

1327
01:10:06,600 --> 01:10:09,800
Speaker 1: by the NLRB and just totally destroying like small town

1328
01:10:09,840 --> 01:10:13,400
Speaker 1: America economies. Yeah, that's the place where you should put

1329
01:10:13,520 --> 01:10:17,080
Speaker 1: push progressive dollars towards Amazon. That's going to be really

1330
01:10:17,080 --> 01:10:19,200
Speaker 1: good for the world. Oh, very well, said Crystal. It

1331
01:10:19,240 --> 01:10:22,200
Speaker 1: just shows you how empty these people are. Will continue

1332
01:10:22,240 --> 01:10:23,920
Speaker 1: to stand up for them, and we will continue to

1333
01:10:24,200 --> 01:10:28,400
Speaker 1: keep you guys updated. Crystal, what are you taking a

1334
01:10:28,439 --> 01:10:31,040
Speaker 1: look at well today, I've got a story for you

1335
01:10:31,080 --> 01:10:34,120
Speaker 1: about billionaires, workers and a rig system, a story of

1336
01:10:34,160 --> 01:10:38,120
Speaker 1: how every crisis is weaponized to further the exploitation of

1337
01:10:38,160 --> 01:10:40,120
Speaker 1: the working class. So here's what you need to know.

1338
01:10:40,560 --> 01:10:44,800
Speaker 1: We've all seen at this point how decades of globalization, monopoly, consolidation,

1339
01:10:44,960 --> 01:10:47,240
Speaker 1: and just in time production in the service of corporate

1340
01:10:47,280 --> 01:10:50,880
Speaker 1: greed all combined to leave our nation very vulnerable to

1341
01:10:50,960 --> 01:10:53,760
Speaker 1: supply shocks when the pandemic hit and global shipping routes

1342
01:10:53,800 --> 01:10:55,960
Speaker 1: were thrown off course and millions of people were sick

1343
01:10:56,000 --> 01:10:59,920
Speaker 1: in This vulnerability left us with huge price increases, shortage

1344
01:11:00,160 --> 01:11:02,680
Speaker 1: in bare shelves, or what is called, in the antiseptic

1345
01:11:02,800 --> 01:11:06,800
Speaker 1: terms of the world of economics, a supply chain crisis. Immediately,

1346
01:11:06,920 --> 01:11:10,280
Speaker 1: neoliberal ghouls and billionaire enablers jumped in to lie to

1347
01:11:10,360 --> 01:11:12,519
Speaker 1: us and try to convince us that the real reasons

1348
01:11:12,520 --> 01:11:15,120
Speaker 1: for this crisis weren't corporate great oh no no, and

1349
01:11:15,160 --> 01:11:18,839
Speaker 1: weren't late stage capitalism. The real problem was that working

1350
01:11:18,880 --> 01:11:21,840
Speaker 1: people got a tiny bit of relief in the pandemic.

1351
01:11:22,200 --> 01:11:26,200
Speaker 1: The real problem, as always, was those lazy workers. Politicians

1352
01:11:26,200 --> 01:11:29,280
Speaker 1: moved to starve workers out, cutting off pandemic era benefits

1353
01:11:29,320 --> 01:11:32,040
Speaker 1: to force a choice on those workers. Either go back

1354
01:11:32,080 --> 01:11:35,720
Speaker 1: to dehumanizing low wage employment, or you starve. They tried

1355
01:11:35,760 --> 01:11:37,519
Speaker 1: to sell us on the idea that the supply chain

1356
01:11:37,560 --> 01:11:40,519
Speaker 1: crisis was caused by a lack of truckers without telling

1357
01:11:40,560 --> 01:11:44,400
Speaker 1: you that deregulation of the trucking industry under Reagan broke

1358
01:11:44,439 --> 01:11:47,799
Speaker 1: the unions that had helped make trucking a middle class job. Today,

1359
01:11:48,120 --> 01:11:51,320
Speaker 1: port truck drivers in particular can face conditions of modern

1360
01:11:51,400 --> 01:11:55,040
Speaker 1: day indentured servitude. I'm really not exaggerating, So yeah, who

1361
01:11:55,080 --> 01:11:57,360
Speaker 1: would want to work in that industry? He also tried

1362
01:11:57,400 --> 01:11:59,120
Speaker 1: to sell us on the idea that the supply chain

1363
01:11:59,160 --> 01:12:03,040
Speaker 1: crisis was caused in general by a labor shortage. In reality,

1364
01:12:03,120 --> 01:12:05,280
Speaker 1: plenty of workers will show up for your jobs when

1365
01:12:05,280 --> 01:12:08,200
Speaker 1: they come with dignified conditions and a living wage. So

1366
01:12:08,240 --> 01:12:11,719
Speaker 1: that's the big picture. That's the backdrop against which railway

1367
01:12:11,760 --> 01:12:16,519
Speaker 1: workers in particular decided they had had enough already. Because

1368
01:12:16,560 --> 01:12:19,000
Speaker 1: of the supply chain crunch, the folks who literally keep

1369
01:12:19,040 --> 01:12:21,960
Speaker 1: the trains running were being worked to the bone already.

1370
01:12:22,200 --> 01:12:24,960
Speaker 1: These workers are expected to be on call twenty four

1371
01:12:24,960 --> 01:12:27,360
Speaker 1: to seven, three hundred and sixty five days per year.

1372
01:12:27,800 --> 01:12:31,120
Speaker 1: Their one respite was that they were guaranteed seven days

1373
01:12:31,160 --> 01:12:35,080
Speaker 1: off per month, but their employer decided that wasn't enough.

1374
01:12:35,439 --> 01:12:39,080
Speaker 1: BNSF Railway, one of the country's largest freight companies, announced

1375
01:12:39,080 --> 01:12:42,240
Speaker 1: they were going to institute a new attendance policy. Now,

1376
01:12:42,280 --> 01:12:44,120
Speaker 1: the details are a little bit complex, but the long

1377
01:12:44,120 --> 01:12:46,280
Speaker 1: and short of it is that instead of seven guaranteed

1378
01:12:46,320 --> 01:12:49,400
Speaker 1: days off per month, these workers would only have two

1379
01:12:50,200 --> 01:12:53,599
Speaker 1: two days off per month. The company, of course, says

1380
01:12:53,600 --> 01:12:56,360
Speaker 1: they have to move to the new draconian and inhumane

1381
01:12:56,360 --> 01:12:59,360
Speaker 1: policy because of a labor shortage. What they don't tell

1382
01:12:59,400 --> 01:13:01,640
Speaker 1: you is that these workers have not even had a

1383
01:13:01,760 --> 01:13:04,840
Speaker 1: cost of living rays in two years. Maybe try paying

1384
01:13:04,840 --> 01:13:06,680
Speaker 1: people decently and then tell me whether you're able to

1385
01:13:06,680 --> 01:13:09,240
Speaker 1: find enough folks to move the goods and Oh, by

1386
01:13:09,240 --> 01:13:12,760
Speaker 1: the way, BNSF is owned by billionaire Warren Buffett, who

1387
01:13:12,760 --> 01:13:16,759
Speaker 1: has turned a wonderful investment wonderful profit on this investment.

1388
01:13:17,120 --> 01:13:20,400
Speaker 1: In fact, with shipping cost jumping and demand increasing, BNSF

1389
01:13:20,439 --> 01:13:24,320
Speaker 1: has been notching record breaking profits in recent quarters. So

1390
01:13:24,400 --> 01:13:27,439
Speaker 1: the company's performing better than ever, But the workers who

1391
01:13:27,640 --> 01:13:31,799
Speaker 1: made that record breaking performance possible are getting screwed. Surveying

1392
01:13:31,800 --> 01:13:36,600
Speaker 1: this landscape, seventeen thousand of BNSF's union workers said hell no,

1393
01:13:36,920 --> 01:13:39,800
Speaker 1: we're not putting up with this crap, and nearly unanimously

1394
01:13:39,880 --> 01:13:43,120
Speaker 1: voted in favor of going on strike. In theory, they

1395
01:13:43,160 --> 01:13:45,400
Speaker 1: should have tons of leverage here. Strikes are all about

1396
01:13:45,400 --> 01:13:49,000
Speaker 1: making a company feel pain. These corporations will only ever

1397
01:13:49,080 --> 01:13:51,280
Speaker 1: act in their own profit making interest, so you gotta

1398
01:13:51,320 --> 01:13:54,519
Speaker 1: hit them where it hurts. The bottom line. BNSF operates

1399
01:13:54,640 --> 01:13:57,400
Speaker 1: thirty thousand miles of train tracks and ships everything from

1400
01:13:57,400 --> 01:13:59,640
Speaker 1: steel and oil to corn and soybeans across twenty eight

1401
01:13:59,640 --> 01:14:03,360
Speaker 1: different states. Even a temporary work stoppage would be a

1402
01:14:03,439 --> 01:14:06,559
Speaker 1: devastating result for them. There was a huge catch. The

1403
01:14:06,640 --> 01:14:08,960
Speaker 1: railroads are governed by their own special laws called the

1404
01:14:09,040 --> 01:14:11,720
Speaker 1: Railway Labor Act. It's a nineteen twenty six law that

1405
01:14:11,800 --> 01:14:14,640
Speaker 1: leaves it to a judge to decide under what circumstances

1406
01:14:14,720 --> 01:14:17,960
Speaker 1: railway workers are allowed to strike. A judge gets to

1407
01:14:17,960 --> 01:14:21,519
Speaker 1: decide whether the worker's cause is worthy or not so.

1408
01:14:21,640 --> 01:14:24,320
Speaker 1: Looking at the exploitative practices, the lack of a raise,

1409
01:14:24,400 --> 01:14:28,200
Speaker 1: the record breaking profits, guess whose side our wonderful neutral

1410
01:14:28,280 --> 01:14:31,880
Speaker 1: court system came down on. Naturally, they decided to side

1411
01:14:31,920 --> 01:14:34,679
Speaker 1: with the company and screw the workers. A federal court

1412
01:14:34,680 --> 01:14:38,559
Speaker 1: in Texas just issued a temporary injunction against striking, arguing

1413
01:14:38,560 --> 01:14:40,679
Speaker 1: that the harm to the company of a strike would

1414
01:14:40,720 --> 01:14:43,519
Speaker 1: be far greater than the harm to the workers of

1415
01:14:43,640 --> 01:14:46,480
Speaker 1: not going on strike. I like the way they explicitly

1416
01:14:46,520 --> 01:14:50,000
Speaker 1: weigh corporate profits more heavily than workers' lives. But what's more,

1417
01:14:50,160 --> 01:14:53,160
Speaker 1: they point to the corporate cause supply chain crisis as

1418
01:14:53,200 --> 01:14:56,280
Speaker 1: a reason to kill the strike here is that quote.

1419
01:14:56,760 --> 01:15:00,400
Speaker 1: The record further establishes that a strike would exacerbate our

1420
01:15:00,400 --> 01:15:03,559
Speaker 1: current supply chain crisis, harming the public at large, not

1421
01:15:03,720 --> 01:15:07,800
Speaker 1: just BNSF. A temporary restraining order will thus serve, rather

1422
01:15:07,840 --> 01:15:11,960
Speaker 1: than disserve, the public interest. And there it is. Corporate

1423
01:15:12,000 --> 01:15:16,560
Speaker 1: greed created a supply chain crisis. Corporate greed led BNSF

1424
01:15:16,600 --> 01:15:20,080
Speaker 1: to underpay their workers, causing their own internal labor shortage.

1425
01:15:20,360 --> 01:15:23,280
Speaker 1: Rather than solving that self created crisis by lifting pay,

1426
01:15:23,640 --> 01:15:27,280
Speaker 1: corporate greed led BNSF to shift that entire burden onto

1427
01:15:27,439 --> 01:15:30,519
Speaker 1: their existing workers. And then federal judge comes in to

1428
01:15:30,560 --> 01:15:33,280
Speaker 1: point to the supply chain crisis caused by corporate greed

1429
01:15:33,280 --> 01:15:35,320
Speaker 1: in the beginning in order to cut off the one

1430
01:15:35,400 --> 01:15:37,639
Speaker 1: source of power that those workers have to fight back.

1431
01:15:38,000 --> 01:15:41,160
Speaker 1: What a system, folks, And somehow all of this is

1432
01:15:41,200 --> 01:15:43,960
Speaker 1: considered to be in the public interests because your only

1433
01:15:44,040 --> 01:15:46,639
Speaker 1: value and the only part of you that anyone considers

1434
01:15:46,800 --> 01:15:49,760
Speaker 1: is your worth as a consumer. Now, this injunction is

1435
01:15:49,840 --> 01:15:52,720
Speaker 1: just temporary. The union still has legal avenues to pursue,

1436
01:15:52,880 --> 01:15:55,720
Speaker 1: but frankly, it's not looking too good. It seems unlikely

1437
01:15:55,760 --> 01:15:58,160
Speaker 1: the next court challenge will go any different next time around.

1438
01:15:58,439 --> 01:16:00,000
Speaker 1: And I don't know about the workers, but the US

1439
01:16:00,040 --> 01:16:02,799
Speaker 1: union leadership is adamantly opposed and engaging in a wildcat

1440
01:16:02,800 --> 01:16:05,840
Speaker 1: striker slow down or other action and contravention of the law.

1441
01:16:06,200 --> 01:16:08,880
Speaker 1: To sum up this little story in a nutshell, is

1442
01:16:08,880 --> 01:16:11,599
Speaker 1: how you end up with forty years of wage stagnation

1443
01:16:11,680 --> 01:16:14,640
Speaker 1: as corporate profits skyrocketed. This rigging is how you end

1444
01:16:14,720 --> 01:16:17,680
Speaker 1: up with near historic numbers of people supporting unions and

1445
01:16:17,760 --> 01:16:21,160
Speaker 1: wanting to unionize, yet union membership continues to fall year

1446
01:16:21,280 --> 01:16:25,519
Speaker 1: after year after year. Sure, Starbuck workers are winning unions,

1447
01:16:25,600 --> 01:16:28,080
Speaker 1: will they actually be able to negotiate a contract? Sure,

1448
01:16:28,360 --> 01:16:31,280
Speaker 1: Bessemer Amazon workers get another shot at a union election,

1449
01:16:31,560 --> 01:16:33,680
Speaker 1: But will they be any more likely to prevail when

1450
01:16:33,720 --> 01:16:37,639
Speaker 1: Amazon can still threaten and fire them. Sure, these railway

1451
01:16:37,640 --> 01:16:41,360
Speaker 1: workers are unionized and can collectively bargain, but they can't

1452
01:16:41,400 --> 01:16:44,960
Speaker 1: actually use their power in order to get themselves decent terms.

1453
01:16:45,320 --> 01:16:47,400
Speaker 1: So this is how you end up with the illusion

1454
01:16:47,400 --> 01:16:51,120
Speaker 1: of democracy and the reality of corporations blocking the exits

1455
01:16:51,160 --> 01:16:54,360
Speaker 1: at every single turn, and the people with the least

1456
01:16:54,400 --> 01:16:57,880
Speaker 1: power get claimed for the bad results. Ram Emmanuel once

1457
01:16:57,920 --> 01:17:00,920
Speaker 1: famously said, never let a serious crime go to waste,

1458
01:17:00,960 --> 01:17:04,280
Speaker 1: and so the supply chain crisis becomes one more excuse

1459
01:17:04,520 --> 01:17:07,200
Speaker 1: to stick it to the working class. And then, Sager,

1460
01:17:07,400 --> 01:17:11,360
Speaker 1: it reminded me of and if you want to hear

1461
01:17:11,479 --> 01:17:14,880
Speaker 1: my reaction to Crystal's monologue, become a premium subscriber today

1462
01:17:14,920 --> 01:17:20,280
Speaker 1: at Breakingpoints dot Com. All right, Sager, what are you

1463
01:17:20,320 --> 01:17:23,479
Speaker 1: looking at? Well? Everyone, as I sadly predicted, the Neil

1464
01:17:23,520 --> 01:17:26,880
Speaker 1: Young effort to cancel Joe Rogan has spiral. Several other

1465
01:17:27,000 --> 01:17:29,759
Speaker 1: artists and podcasters have come out saying they're pulling their product,

1466
01:17:29,960 --> 01:17:33,440
Speaker 1: and the pressure is already beginning to ramp up. Spotify

1467
01:17:33,920 --> 01:17:36,760
Speaker 1: stood tall to Neil Young, can it do so if

1468
01:17:36,760 --> 01:17:39,679
Speaker 1: this thing really snowballs. I have no answer to that question.

1469
01:17:40,000 --> 01:17:42,680
Speaker 1: But something I immediately suspicious of when it came to

1470
01:17:42,680 --> 01:17:45,439
Speaker 1: Neil Young was this, how much of this is actually

1471
01:17:45,520 --> 01:17:48,400
Speaker 1: Neil Young? How much of this is big money interests

1472
01:17:48,439 --> 01:17:50,880
Speaker 1: behind the scenes. The thing is, I've seen a lot

1473
01:17:50,920 --> 01:17:53,600
Speaker 1: of high profile cancelation efforts in my time, and in

1474
01:17:53,640 --> 01:17:56,760
Speaker 1: almost every single case, there's a lot more going on

1475
01:17:56,880 --> 01:18:00,400
Speaker 1: behind the scenes. The people speaking out may be doing sorely,

1476
01:18:00,680 --> 01:18:03,480
Speaker 1: but it also happens to just coincide with the financial

1477
01:18:03,720 --> 01:18:07,000
Speaker 1: or oligarchic interests of some very very rich people, like

1478
01:18:07,000 --> 01:18:09,599
Speaker 1: when these fake groups are funded to point out Fox

1479
01:18:09,680 --> 01:18:13,000
Speaker 1: News misinformation and then the people who happened to publish

1480
01:18:13,000 --> 01:18:16,480
Speaker 1: it always work over at CNN. You guys, get the idea.

1481
01:18:16,560 --> 01:18:18,880
Speaker 1: There is more than meets the eye. So let's start

1482
01:18:18,880 --> 01:18:22,040
Speaker 1: with Neil Young, where this entire thing began. The original

1483
01:18:22,040 --> 01:18:24,840
Speaker 1: impetus for Neil Young's demand was a letter that he

1484
01:18:24,880 --> 01:18:27,840
Speaker 1: posted on social media saying that Spotify can either have

1485
01:18:27,920 --> 01:18:30,400
Speaker 1: Neil Young or they can have Joe Rogan. But as

1486
01:18:30,400 --> 01:18:33,559
Speaker 1: I noted in our original segment, that letter was posted

1487
01:18:33,640 --> 01:18:37,400
Speaker 1: and then almost immediately deleted, which is really odd. It

1488
01:18:37,520 --> 01:18:40,920
Speaker 1: raises questions who is demanding this? Is it Neil Young

1489
01:18:41,320 --> 01:18:43,519
Speaker 1: or is it the people who own his music? You see,

1490
01:18:43,560 --> 01:18:45,960
Speaker 1: a recent trend in the music business is that iconic

1491
01:18:46,080 --> 01:18:49,120
Speaker 1: artists such as Neil Young sell their catalogs to big

1492
01:18:49,120 --> 01:18:52,760
Speaker 1: money groups who then reap the profits in perpetuity. Young

1493
01:18:52,840 --> 01:18:55,519
Speaker 1: actually sold his catalog in January of twenty twenty one

1494
01:18:55,760 --> 01:18:59,360
Speaker 1: to a company called Hypnosis. Now. Hypnosis is a one

1495
01:18:59,479 --> 01:19:05,080
Speaker 1: billion dollar company which recently announced in ownership agreement with Blackstone. Well, Blackstone,

1496
01:19:05,160 --> 01:19:08,200
Speaker 1: I know a lot about that company. You may recall

1497
01:19:08,240 --> 01:19:10,360
Speaker 1: their efforts that I've put here on the show to

1498
01:19:10,400 --> 01:19:12,559
Speaker 1: turn America into a nation of renters and take over

1499
01:19:12,600 --> 01:19:15,280
Speaker 1: single family housing, as I've covered on many monologues. But

1500
01:19:15,360 --> 01:19:19,799
Speaker 1: they have interests everywhere. See my interest here is Perked Blackstone, Blackrock,

1501
01:19:19,840 --> 01:19:21,920
Speaker 1: and these big private equity giants are ruthless in their

1502
01:19:21,960 --> 01:19:24,400
Speaker 1: pursuit of profit, and they are savvy political players who

1503
01:19:24,520 --> 01:19:26,559
Speaker 1: know how to play the game. They have all sorts

1504
01:19:26,560 --> 01:19:29,280
Speaker 1: of ties to the pharmaceutical industry, including as I just

1505
01:19:29,320 --> 01:19:32,360
Speaker 1: showed you announcing the CEO of Pfizer joining them as

1506
01:19:32,400 --> 01:19:34,840
Speaker 1: a senior advisor. Did any of this play a role?

1507
01:19:35,160 --> 01:19:37,760
Speaker 1: Who knows? But do you really think it's a coincidence

1508
01:19:37,800 --> 01:19:40,480
Speaker 1: that days after Neil Young's music was pulled off Spotify,

1509
01:19:40,760 --> 01:19:43,160
Speaker 1: that he debuts a four month free trial for any

1510
01:19:43,160 --> 01:19:47,160
Speaker 1: person who wants to sign up for Amazon Music. Amazon

1511
01:19:47,280 --> 01:19:49,640
Speaker 1: Music who has struggled to gain market share, and of

1512
01:19:49,640 --> 01:19:52,479
Speaker 1: course has long standing connections with all of the big

1513
01:19:52,520 --> 01:19:54,679
Speaker 1: money people in the game that I just talked about.

1514
01:19:54,960 --> 01:19:57,920
Speaker 1: Young claims he's not personally getting any money from the deal. Okay,

1515
01:19:58,120 --> 01:20:01,040
Speaker 1: is Blackstone is his catalog about the other company? Those

1516
01:20:01,040 --> 01:20:02,960
Speaker 1: are great questions. I'm sure, our amazing media is going

1517
01:20:03,000 --> 01:20:05,439
Speaker 1: to probe that tomorrow. Part of why all of digging

1518
01:20:05,439 --> 01:20:08,479
Speaker 1: into this money matters is that the music landscape has

1519
01:20:08,560 --> 01:20:12,439
Speaker 1: changed dramatically. New streaming music data actually has broken down.

1520
01:20:12,479 --> 01:20:15,679
Speaker 1: By ted Gioa, it shows old songs now represent seventy

1521
01:20:15,720 --> 01:20:18,439
Speaker 1: percent of the entire US market, and the new music

1522
01:20:18,479 --> 01:20:23,400
Speaker 1: market actually is shrinking. In fact, twenty twenty, the two

1523
01:20:23,520 --> 01:20:26,800
Speaker 1: hundred most popular tracks on streaming now account for less

1524
01:20:26,800 --> 01:20:30,479
Speaker 1: than five percent of all streams. In other words, most

1525
01:20:30,479 --> 01:20:34,200
Speaker 1: people are just listening to the same stuff. This is why, then,

1526
01:20:34,280 --> 01:20:36,640
Speaker 1: with Neil Young, there has been a mad dash in

1527
01:20:36,680 --> 01:20:40,320
Speaker 1: recent years to acquire the catalogs of old established players

1528
01:20:40,320 --> 01:20:43,360
Speaker 1: by him, by big money. In the last few years,

1529
01:20:43,560 --> 01:20:48,320
Speaker 1: Bob Dylan, Stevie Nicks, Calvin Harris, Shakira, Barry Manilow, others,

1530
01:20:48,360 --> 01:20:51,559
Speaker 1: they all sold their catalogs to private equity giants. In

1531
01:20:51,640 --> 01:20:54,960
Speaker 1: twenty twenty alone, four point sixty seven billion dollars of

1532
01:20:55,680 --> 01:20:59,679
Speaker 1: music catalogs changed hands globally, with almost every single major

1533
01:20:59,720 --> 01:21:02,320
Speaker 1: hedge in the world getting in on the action. The

1534
01:21:02,400 --> 01:21:04,599
Speaker 1: point of all of this is to open your eyes

1535
01:21:04,600 --> 01:21:07,639
Speaker 1: to see possibilities that you may not have imagined at first.

1536
01:21:07,720 --> 01:21:10,200
Speaker 1: It was simple, just Neil Young taking a stand right.

1537
01:21:10,479 --> 01:21:13,160
Speaker 1: Well maybe, but now a lot of people with big

1538
01:21:13,160 --> 01:21:15,439
Speaker 1: money and a big agenda who just so happened, would

1539
01:21:15,560 --> 01:21:19,120
Speaker 1: profit if Rogan went down, where like Amazon or Pfizer

1540
01:21:19,280 --> 01:21:21,840
Speaker 1: or Blackstone or others who consider him a thorn in

1541
01:21:21,880 --> 01:21:25,040
Speaker 1: their side. The problem now is that even if this

1542
01:21:25,160 --> 01:21:28,479
Speaker 1: was astro turfed in the beginning, it is on for real.

1543
01:21:28,800 --> 01:21:31,040
Speaker 1: Joni Mitchell now has come out. She said that she's

1544
01:21:31,040 --> 01:21:33,960
Speaker 1: not gonna stand, She's going to stand in solidarity with

1545
01:21:34,000 --> 01:21:37,439
Speaker 1: Neil Young. Then she says delete or cancel Spotify others.

1546
01:21:37,439 --> 01:21:40,120
Speaker 1: That trended on Twitter for nearly the entire weekend. Perhaps

1547
01:21:40,200 --> 01:21:42,479
Speaker 1: the biggest blow though to Spotify, at least on the

1548
01:21:42,520 --> 01:21:45,479
Speaker 1: podcasting side that's come so far, is Brene Brown, or

1549
01:21:45,840 --> 01:21:48,120
Speaker 1: of the former Ted Talk fame. Put that up there

1550
01:21:48,160 --> 01:21:50,639
Speaker 1: on the screen. Brown is announcing she's going to quote

1551
01:21:50,760 --> 01:21:53,960
Speaker 1: not be releasing any podcast until further notice. And if

1552
01:21:53,960 --> 01:21:56,080
Speaker 1: someone was quick to point out it's ironic giving her

1553
01:21:56,120 --> 01:21:59,680
Speaker 1: podcast description says she wants conversations that are quote teaching me,

1554
01:22:00,120 --> 01:22:03,160
Speaker 1: challenging me, confusing me, maybe even taking me off a

1555
01:22:03,160 --> 01:22:05,559
Speaker 1: little bit. Well, I guess it's not too much challenge

1556
01:22:05,600 --> 01:22:08,599
Speaker 1: in there, h every day, I expect it to get worse.

1557
01:22:08,840 --> 01:22:12,440
Speaker 1: An hour after I originally finished writing this monologue, Spotify

1558
01:22:12,840 --> 01:22:16,040
Speaker 1: exclusives Harry and Megan came out to say they've expressed

1559
01:22:16,040 --> 01:22:19,160
Speaker 1: concerns to Spotify, of which they have they deal with,

1560
01:22:19,400 --> 01:22:22,320
Speaker 1: and then Spotify CEO Daniel eck He put out a

1561
01:22:22,320 --> 01:22:25,280
Speaker 1: statement saying, quote, we've heard the criticism. We are implementing

1562
01:22:25,400 --> 01:22:29,519
Speaker 1: chances to help combat misinformation. The statement detailed how Spotify

1563
01:22:29,680 --> 01:22:32,920
Speaker 1: will now add a content advisory to any podcast episode

1564
01:22:33,120 --> 01:22:36,120
Speaker 1: which includes discussion about COVID and will direct people to

1565
01:22:36,160 --> 01:22:38,800
Speaker 1: a resource that has up to date information. They said

1566
01:22:38,880 --> 01:22:41,759
Speaker 1: they will also quote test ways to highlight our platform

1567
01:22:41,840 --> 01:22:44,400
Speaker 1: rules and our creator and public tools to raise awareness

1568
01:22:44,439 --> 01:22:49,320
Speaker 1: around what's acceptable and helps creators understand their own accountability. Yeah, okay,

1569
01:22:49,520 --> 01:22:51,920
Speaker 1: I've seen this movie before. You give into the mob,

1570
01:22:52,000 --> 01:22:53,719
Speaker 1: and you give them an inch, they will keep coming.

1571
01:22:53,920 --> 01:22:56,639
Speaker 1: Will Spotify really be able to withstand this pressure? Who

1572
01:22:56,680 --> 01:22:59,080
Speaker 1: knows principle is not going to save you in these instances.

1573
01:22:59,200 --> 01:23:01,840
Speaker 1: I wish it would, but I'm not naive. Only money will.

1574
01:23:02,000 --> 01:23:04,160
Speaker 1: In the beginning, it was actually simple. Rogan is far

1575
01:23:04,200 --> 01:23:07,679
Speaker 1: exceeded Spotify's own expectations in getting actual people to come

1576
01:23:07,720 --> 01:23:11,200
Speaker 1: over to the app, and is increased overall podcast listenership.

1577
01:23:11,400 --> 01:23:13,880
Speaker 1: It's why he got paid what he got paid, and

1578
01:23:13,960 --> 01:23:17,080
Speaker 1: Neil Young simply didn't stack up to that economic value.

1579
01:23:17,160 --> 01:23:19,920
Speaker 1: But you add up enough people, it becomes a much

1580
01:23:20,200 --> 01:23:23,439
Speaker 1: much tougher decision. Spotify knows that, so do the hedge

1581
01:23:23,439 --> 01:23:26,240
Speaker 1: funds with all kinds of conflicts of interest, And just

1582
01:23:26,360 --> 01:23:28,439
Speaker 1: like with the rest of the US economy, they're the

1583
01:23:28,439 --> 01:23:30,680
Speaker 1: ones that really run the show. So hold onto your

1584
01:23:30,720 --> 01:23:33,080
Speaker 1: seats and you really hope that Joe prevails in this one.

1585
01:23:33,160 --> 01:23:36,000
Speaker 1: He is up against more powerful interests than many people

1586
01:23:36,120 --> 01:23:39,880
Speaker 1: even realize. Here. I mean, he's been fascinating Crystal to

1587
01:23:39,960 --> 01:23:43,679
Speaker 1: see that. And if you want to hear my reaction

1588
01:23:43,760 --> 01:23:47,440
Speaker 1: to Sager's monologue, become a premium subscriber today at Breakingpoints

1589
01:23:47,439 --> 01:23:53,160
Speaker 1: dot Com. Joining us Now we have Dylan Rodigan of

1590
01:23:53,240 --> 01:23:55,639
Speaker 1: Tasty Trade and many other things. Great to see a Dylan,

1591
01:23:55,680 --> 01:23:58,280
Speaker 1: Good to see a Dylan. Nice to see you, Hi, Seger.

1592
01:23:58,479 --> 01:24:02,720
Speaker 1: Can I make one quick comment for you? Yes, I

1593
01:24:02,720 --> 01:24:06,000
Speaker 1: think I agree with your I understand your analysis, and

1594
01:24:06,000 --> 01:24:10,240
Speaker 1: I understand it's logic, but I think you're missing a

1595
01:24:10,320 --> 01:24:14,599
Speaker 1: critical piece. Okay, you know who's behind this. I'm talking

1596
01:24:14,640 --> 01:24:19,760
Speaker 1: about the whole Rogan. Neil Young thinks Joe Rogan. If

1597
01:24:19,840 --> 01:24:24,000
Speaker 1: Joe Rogan gets canceled, he collects on the Spotify contract,

1598
01:24:24,439 --> 01:24:27,080
Speaker 1: He's able to launch an independent media company which is

1599
01:24:27,200 --> 01:24:30,559
Speaker 1: much bigger than what he is on Spotify. In other words,

1600
01:24:30,720 --> 01:24:33,240
Speaker 1: the person who benefits the most from being attacked on

1601
01:24:33,280 --> 01:24:37,200
Speaker 1: Spotify is Joe Rogan. He can collect the payout. Remember

1602
01:24:37,360 --> 01:24:40,280
Speaker 1: being on Spotify if anything makes his audience smaller. The

1603
01:24:40,320 --> 01:24:42,200
Speaker 1: best thing that could happen to Joe Rogan would be

1604
01:24:42,240 --> 01:24:45,040
Speaker 1: to get canceled by Spotify, because then he would launch

1605
01:24:45,040 --> 01:24:47,400
Speaker 1: an independent media like Breaking Points. He would have a

1606
01:24:47,400 --> 01:24:50,200
Speaker 1: bigger audience than he has on Spotify, and he would

1607
01:24:50,240 --> 01:24:53,280
Speaker 1: collect the Spotify payout. I think Neil Young is the

1608
01:24:53,320 --> 01:24:58,679
Speaker 1: seed capital behind Joe Rogan independent media. You know, Dylan,

1609
01:24:58,680 --> 01:25:03,439
Speaker 1: you're starting to make real cracked the conspiracy Rogan the

1610
01:25:03,439 --> 01:25:06,439
Speaker 1: puppet master of all of this. Well, it's a great

1611
01:25:06,439 --> 01:25:10,160
Speaker 1: point too, because it just shows you their efforts to

1612
01:25:10,200 --> 01:25:13,120
Speaker 1: cancel him and whatever. I mean, it's it's going to

1613
01:25:13,200 --> 01:25:15,719
Speaker 1: do the opps. It's only making people talk more about

1614
01:25:15,800 --> 01:25:19,080
Speaker 1: Joe Rogan, putting him more in the public eye and

1615
01:25:19,080 --> 01:25:22,280
Speaker 1: probably benefiting him and Spotify most of all, even though

1616
01:25:22,280 --> 01:25:24,400
Speaker 1: I know on a personal level he does not enjoy

1617
01:25:24,960 --> 01:25:28,720
Speaker 1: any of this. So whatsoever, Dylan, let's go ahead and

1618
01:25:28,720 --> 01:25:30,400
Speaker 1: throw this tear sheet up on the screen. Wanted to

1619
01:25:30,439 --> 01:25:32,160
Speaker 1: get you on to talk about a whole range of things.

1620
01:25:32,160 --> 01:25:34,280
Speaker 1: But let's start with what's going on with the markets,

1621
01:25:34,320 --> 01:25:36,400
Speaker 1: which have been kind of all over the place. We've

1622
01:25:36,439 --> 01:25:38,760
Speaker 1: got this headline that just came out end of last

1623
01:25:38,760 --> 01:25:42,320
Speaker 1: week week or US consumer spending rising inflation pose a

1624
01:25:42,400 --> 01:25:44,880
Speaker 1: dilemma for the Fed. We've been talking here, and of

1625
01:25:44,920 --> 01:25:47,920
Speaker 1: course the Fed has been signaling very strongly they're going

1626
01:25:48,000 --> 01:25:50,240
Speaker 1: to hike interest rates, they're going to try to wind

1627
01:25:50,240 --> 01:25:53,439
Speaker 1: down quantitative easing. So just give us the Dylan Rattigan

1628
01:25:53,560 --> 01:25:55,559
Speaker 1: perspective of what's going on in the economy in the

1629
01:25:55,560 --> 01:26:00,160
Speaker 1: markets right now. Sure. Well, again, first some context, It's

1630
01:26:00,240 --> 01:26:02,559
Speaker 1: January thirty. First, this will be the end of the

1631
01:26:02,600 --> 01:26:05,639
Speaker 1: worst month overall for the S and P five hundred

1632
01:26:05,640 --> 01:26:08,960
Speaker 1: for the Big index since March of twenty twenty. So

1633
01:26:09,320 --> 01:26:12,960
Speaker 1: the last time we had a big, consistent month long

1634
01:26:13,160 --> 01:26:19,240
Speaker 1: selloff was the month that the pandemic started. Politically, anyways,

1635
01:26:19,320 --> 01:26:22,719
Speaker 1: you know, you know, biologically it was happening months before,

1636
01:26:22,760 --> 01:26:25,439
Speaker 1: but politically it went into effect in this country in

1637
01:26:25,439 --> 01:26:28,080
Speaker 1: March of twenty twenty. We've just completed the worst month

1638
01:26:28,080 --> 01:26:32,800
Speaker 1: in the US stock market since that month. That's pretty

1639
01:26:32,840 --> 01:26:36,839
Speaker 1: amazing because there have been a lot of negative events

1640
01:26:36,920 --> 01:26:40,080
Speaker 1: in this country, not to mend all the lockdowns April, May, June.

1641
01:26:40,479 --> 01:26:42,840
Speaker 1: You know, there are men that all the variants that

1642
01:26:42,880 --> 01:26:45,439
Speaker 1: have come. So I'm actually surprised that the markets have

1643
01:26:45,520 --> 01:26:48,880
Speaker 1: performed as well as they have between March of twenty

1644
01:26:48,960 --> 01:26:51,680
Speaker 1: twenty and January of twenty twenty two. That's the first thing.

1645
01:26:51,720 --> 01:26:54,160
Speaker 1: Why have they performed so well? We all know trillions

1646
01:26:54,160 --> 01:26:58,920
Speaker 1: from the US government supporting generally very large businesses along

1647
01:26:59,000 --> 01:27:02,400
Speaker 1: with some and in my opinion, not enough particularly for

1648
01:27:02,479 --> 01:27:06,160
Speaker 1: small business owners and for independent entrepreneurs, but certainly plenty

1649
01:27:06,200 --> 01:27:10,160
Speaker 1: of direct assistants to certain parts of the economy. So

1650
01:27:10,840 --> 01:27:13,080
Speaker 1: it's not a surprise to see the market come back

1651
01:27:13,600 --> 01:27:18,040
Speaker 1: down one as a result of the increase in stock

1652
01:27:18,120 --> 01:27:21,080
Speaker 1: prices between the lows in March, in April of last

1653
01:27:21,160 --> 01:27:24,800
Speaker 1: year or two years ago now and this month one.

1654
01:27:24,880 --> 01:27:29,439
Speaker 1: So evaluation ease give back. You mentioned, Crystal, the interest

1655
01:27:29,520 --> 01:27:32,200
Speaker 1: rate hikes which will be happening this year. So the

1656
01:27:32,240 --> 01:27:35,639
Speaker 1: market likes to price in the future, not the past,

1657
01:27:35,680 --> 01:27:40,120
Speaker 1: and so you're seeing repricing across the board, and anticipation

1658
01:27:40,320 --> 01:27:44,360
Speaker 1: of an overall higher cost for anybody to borrow money,

1659
01:27:44,880 --> 01:27:48,880
Speaker 1: so higher interest rates, the run in valuations, and then

1660
01:27:49,320 --> 01:27:52,600
Speaker 1: the never ending sort of saber rattling and idiocy in

1661
01:27:52,680 --> 01:27:57,479
Speaker 1: the geopolitical theater. You put those three things together. A

1662
01:27:57,600 --> 01:28:00,800
Speaker 1: down month where I know, some of this supernames, like

1663
01:28:00,920 --> 01:28:03,759
Speaker 1: you know, whether it's you know, Robinhood is down ninety

1664
01:28:03,760 --> 01:28:06,599
Speaker 1: percent or eighty percent. Some of these sort of meme

1665
01:28:06,680 --> 01:28:09,400
Speaker 1: or meme related stocks have been annihilated, but the overall

1666
01:28:09,439 --> 01:28:13,040
Speaker 1: indexes are you know, ten percent plus minus in terms

1667
01:28:13,080 --> 01:28:16,200
Speaker 1: of the decline. I think, what when you get the

1668
01:28:16,240 --> 01:28:19,920
Speaker 1: complacency of a market that seems to only go up

1669
01:28:21,120 --> 01:28:23,759
Speaker 1: and then you get any indication that maybe the market

1670
01:28:23,840 --> 01:28:27,440
Speaker 1: might also go down a little bit, it is emotionally

1671
01:28:27,880 --> 01:28:32,719
Speaker 1: more alarming for people than it really should be. So anyway,

1672
01:28:32,760 --> 01:28:35,760
Speaker 1: that's the context. You do have inflation, we can talk

1673
01:28:35,800 --> 01:28:38,599
Speaker 1: about it. We do have rising rates, we can talk

1674
01:28:38,600 --> 01:28:42,960
Speaker 1: about it. Companies' earnings honestly are coming out ahead of expectations.

1675
01:28:43,000 --> 01:28:45,559
Speaker 1: Four out of five companies are beating expectations right now.

1676
01:28:45,680 --> 01:28:49,599
Speaker 1: Granted they manipulate the expectation to accomplish that, but all

1677
01:28:49,640 --> 01:28:52,360
Speaker 1: the same, they are exceeding expectations. So on the earning side,

1678
01:28:52,560 --> 01:28:56,640
Speaker 1: market's fine. On the rates side, the market's adjusting to reality.

1679
01:28:57,000 --> 01:28:59,799
Speaker 1: On the valuation side, this has been a long time coming.

1680
01:29:00,080 --> 01:29:02,120
Speaker 1: So this is the question I have here, Dylan, about

1681
01:29:02,120 --> 01:29:05,280
Speaker 1: the eventual possibility of a crash. I saw news over

1682
01:29:05,280 --> 01:29:07,400
Speaker 1: the weekend, the Gulb and Sachs yesterday saying we have

1683
01:29:07,479 --> 01:29:11,040
Speaker 1: been averaging one trillion dollars worth of puts per day

1684
01:29:11,560 --> 01:29:15,040
Speaker 1: against the market. It was the largest on record. First,

1685
01:29:15,040 --> 01:29:17,400
Speaker 1: if you could explain for the audience what exactly that means.

1686
01:29:17,400 --> 01:29:19,040
Speaker 1: But I mean that seems very concerning to me that

1687
01:29:19,080 --> 01:29:20,600
Speaker 1: there's a lot of money to be made if the

1688
01:29:20,640 --> 01:29:25,320
Speaker 1: market does crash. Well again, remember a put is simply

1689
01:29:25,320 --> 01:29:29,080
Speaker 1: a bet that the market is going to go lower. However,

1690
01:29:30,240 --> 01:29:32,599
Speaker 1: when they say there's a trillion dollars worth of puts,

1691
01:29:34,000 --> 01:29:37,160
Speaker 1: those puts are not necessarily new positions that people are

1692
01:29:37,240 --> 01:29:40,840
Speaker 1: buying betting the market will go lower. Many of those

1693
01:29:40,880 --> 01:29:45,559
Speaker 1: positions are hedge positions that were in place before the

1694
01:29:45,600 --> 01:29:48,800
Speaker 1: market sold off. That had to be adjusted because they

1695
01:29:48,800 --> 01:29:51,880
Speaker 1: became losing positions, so a headline. So the issue with

1696
01:29:51,920 --> 01:29:55,160
Speaker 1: a headline like that Sega is one the overall market

1697
01:29:55,200 --> 01:29:57,280
Speaker 1: is much bigger and there's more money than ever, so

1698
01:29:57,360 --> 01:29:59,160
Speaker 1: a trillion dollars sounds like a lot of money. But

1699
01:29:59,200 --> 01:30:02,240
Speaker 1: a trillion dollars today in the global financial market is

1700
01:30:02,280 --> 01:30:04,080
Speaker 1: not the same thing as the trillion dollars in nineteen

1701
01:30:04,120 --> 01:30:06,400
Speaker 1: seventy five or eighty five or ninety five, or even

1702
01:30:06,479 --> 01:30:09,960
Speaker 1: h five or fifteen. So the number is not as

1703
01:30:09,960 --> 01:30:12,960
Speaker 1: big as you might think, and that number is much

1704
01:30:13,000 --> 01:30:19,320
Speaker 1: more a natural reflecting of reflection of repricing, losing positions

1705
01:30:19,400 --> 01:30:21,920
Speaker 1: because of the selloff. In other words, at first, you're

1706
01:30:21,960 --> 01:30:23,760
Speaker 1: like a trillion dollars worth of puts. That means people

1707
01:30:23,800 --> 01:30:25,920
Speaker 1: were just bet a trillion dollars that the stock market's

1708
01:30:25,920 --> 01:30:30,479
Speaker 1: going to go lower, right right, which sounds terrible, but

1709
01:30:30,520 --> 01:30:32,920
Speaker 1: it's not. That's not what Goldman Sachs is saying. They're

1710
01:30:32,920 --> 01:30:35,799
Speaker 1: saying the value of the puts traded is a trillion dollars,

1711
01:30:36,160 --> 01:30:38,599
Speaker 1: but they're not saying that the reason those puts are

1712
01:30:38,600 --> 01:30:42,960
Speaker 1: trading is as a directional bet on lower prices for

1713
01:30:43,040 --> 01:30:47,840
Speaker 1: the stock market. It's a refunction of the overall volatility

1714
01:30:47,880 --> 01:30:50,280
Speaker 1: because we've had these plus and minus two three four

1715
01:30:50,320 --> 01:30:54,720
Speaker 1: percent days. That creates lots of people that get inside out.

1716
01:30:54,840 --> 01:30:57,920
Speaker 1: Like you know, if you're you end up down, if

1717
01:30:57,960 --> 01:31:00,920
Speaker 1: you're leveraged and something goes down four percent in the morning,

1718
01:31:01,000 --> 01:31:04,320
Speaker 1: you may have to recalibrate everything that you do, only

1719
01:31:04,360 --> 01:31:06,439
Speaker 1: to see the stock market come back in the afternoon

1720
01:31:06,439 --> 01:31:10,480
Speaker 1: and everything you just did in the morning is now pointless.

1721
01:31:10,800 --> 01:31:13,640
Speaker 1: But it's still you recorded all that volume. And so

1722
01:31:13,680 --> 01:31:17,160
Speaker 1: I would say that those numbers are much more reflection

1723
01:31:17,439 --> 01:31:21,080
Speaker 1: of the overall velocity and volume and activity in the

1724
01:31:21,120 --> 01:31:25,360
Speaker 1: market and less an indication of an explicitly negative sentiment.

1725
01:31:25,640 --> 01:31:28,120
Speaker 1: Got it good? Do you think that we have asset

1726
01:31:28,160 --> 01:31:31,680
Speaker 1: bubbles that, if popped, could create a very dangerous situations

1727
01:31:31,720 --> 01:31:36,280
Speaker 1: for the economy. Well, the only thing, to be very clear,

1728
01:31:36,320 --> 01:31:40,200
Speaker 1: the only thing that creates real danger for the economy

1729
01:31:40,280 --> 01:31:43,240
Speaker 1: when whether it's an asset bubble or whatever it is,

1730
01:31:43,240 --> 01:31:48,240
Speaker 1: is if there's extreme leverage. So if there are one

1731
01:31:48,360 --> 01:31:52,320
Speaker 1: hundred dollars at risk for every real dollar that exists,

1732
01:31:52,439 --> 01:31:54,120
Speaker 1: which is what happened in two thousand and eight and

1733
01:31:54,160 --> 01:31:58,200
Speaker 1: two thousand and nine and then that one dollar goes

1734
01:31:58,240 --> 01:32:00,559
Speaker 1: down by fifty percent, So you're now go from one

1735
01:32:00,640 --> 01:32:03,760
Speaker 1: dollar to fifty cents on the real dollar, which then

1736
01:32:03,840 --> 01:32:06,120
Speaker 1: means that you go from one hundred dollars to fifty

1737
01:32:06,160 --> 01:32:08,439
Speaker 1: dollars and down fifty dollars, and they have to pay

1738
01:32:08,439 --> 01:32:11,160
Speaker 1: fifty dollars with fifty cents, which is what happened. I

1739
01:32:11,200 --> 01:32:12,559
Speaker 1: don't know if that made sense to you, guys, but

1740
01:32:12,600 --> 01:32:14,320
Speaker 1: that's what happened in two thousand and eight and nine.

1741
01:32:14,640 --> 01:32:20,240
Speaker 1: That's a disaster if you believe the reporting from the

1742
01:32:20,280 --> 01:32:23,400
Speaker 1: Federal Reserve and the Central banks, if you believe the

1743
01:32:23,439 --> 01:32:27,840
Speaker 1: capital requirements, if you believe the standards that are in

1744
01:32:27,920 --> 01:32:33,200
Speaker 1: place post two thousand and nine to restrict leverage. Right, So,

1745
01:32:33,280 --> 01:32:37,320
Speaker 1: the question is not what is the asset price? The

1746
01:32:37,400 --> 01:32:43,280
Speaker 1: question is how much money has been borrowed against the

1747
01:32:43,479 --> 01:32:47,000
Speaker 1: underlying asset price? Got it? So if I have one

1748
01:32:47,040 --> 01:32:52,240
Speaker 1: hundred dollars worth of Robinhood stock, and I borrow one

1749
01:32:52,240 --> 01:32:56,200
Speaker 1: thousand dollars using my one hundred dollars of Robinhood stock

1750
01:32:56,240 --> 01:33:00,679
Speaker 1: as collateral, and then Robinhood stock goes down to ten

1751
01:33:00,800 --> 01:33:05,080
Speaker 1: or twelve or wherever it is. Right now, that thousand

1752
01:33:05,120 --> 01:33:07,400
Speaker 1: dollars that I borrowed is a huge problem because I

1753
01:33:07,439 --> 01:33:10,040
Speaker 1: only have ten dollars. It's a total. That's the annihilation, right,

1754
01:33:10,040 --> 01:33:13,439
Speaker 1: that's too big to fail. But if I have the

1755
01:33:13,439 --> 01:33:17,559
Speaker 1: one hundred dollars position in robinhood and my leverage is

1756
01:33:18,720 --> 01:33:20,640
Speaker 1: one to one or one and a half, and my

1757
01:33:20,760 --> 01:33:25,439
Speaker 1: leverage is lower, the damage to the overall economy is

1758
01:33:25,560 --> 01:33:28,759
Speaker 1: much less. And so the honest answer is I don't

1759
01:33:28,840 --> 01:33:32,120
Speaker 1: really know, and I don't actually think anybody really knows

1760
01:33:33,120 --> 01:33:36,640
Speaker 1: what the aggregate, what the total amount of leverage is

1761
01:33:38,080 --> 01:33:44,240
Speaker 1: in the financial marketplace. And without understanding how much leverage exists,

1762
01:33:44,800 --> 01:33:50,880
Speaker 1: it's very difficult for anybody to understand the potential catastrophic

1763
01:33:50,920 --> 01:33:54,240
Speaker 1: consequences for the economy. Now, with that said, we know

1764
01:33:55,040 --> 01:33:57,240
Speaker 1: that the entire value of all the houses in the

1765
01:33:57,320 --> 01:34:00,840
Speaker 1: United States is used as a basic collateral for the

1766
01:34:00,880 --> 01:34:04,280
Speaker 1: banks to lend trillions of dollars. We know that the

1767
01:34:04,320 --> 01:34:07,400
Speaker 1: equity this equity value of stocks and bonds that are

1768
01:34:07,439 --> 01:34:10,840
Speaker 1: held in the financial markets is base collateral for lots

1769
01:34:10,840 --> 01:34:14,400
Speaker 1: of borrowing. We know when those asset prices, whether it's

1770
01:34:14,439 --> 01:34:19,559
Speaker 1: bond prices, stock prices, or housing prices go down in

1771
01:34:19,680 --> 01:34:24,479
Speaker 1: value quickly and significantly, which they have not done. By

1772
01:34:24,520 --> 01:34:26,840
Speaker 1: the way, I understand what there's the horror show I

1773
01:34:26,840 --> 01:34:30,360
Speaker 1: can point to. You know, these these supertech stocks that

1774
01:34:30,400 --> 01:34:34,240
Speaker 1: have been creamed, but the overall asset prices in the

1775
01:34:34,439 --> 01:34:37,000
Speaker 1: equity and bond markets are lower, but they have by

1776
01:34:37,040 --> 01:34:40,759
Speaker 1: no means crashed. But when you get a major down

1777
01:34:40,880 --> 01:34:46,720
Speaker 1: pricing in asset prices housing stocks, bonds where it goes

1778
01:34:46,720 --> 01:34:51,439
Speaker 1: down ten twenty thirty percent quick, that should be very

1779
01:34:51,439 --> 01:34:56,919
Speaker 1: alarming and concerning because then it certainly if there is leverage,

1780
01:34:56,960 --> 01:35:00,000
Speaker 1: it will create a massive problem. So you have to assume, Chris,

1781
01:35:00,040 --> 01:35:02,960
Speaker 1: So the risk is there, Yeah, but at this point

1782
01:35:03,160 --> 01:35:06,599
Speaker 1: you're not seeing explicit evidence of the consequence of that

1783
01:35:06,760 --> 01:35:13,640
Speaker 1: risk in the form of catastrophic removal of credit availability

1784
01:35:13,640 --> 01:35:17,839
Speaker 1: from the banks. When you get an asset bubble collapse

1785
01:35:17,880 --> 01:35:20,680
Speaker 1: and you have a and you have a catastrophic issue.

1786
01:35:21,040 --> 01:35:26,800
Speaker 1: The way that plays out is bank lending to individuals,

1787
01:35:27,080 --> 01:35:31,600
Speaker 1: small businesses, medium businesses, and large businesses goes away. And

1788
01:35:31,640 --> 01:35:35,679
Speaker 1: when bank lending goes away, all business stops happening. That's

1789
01:35:35,720 --> 01:35:38,080
Speaker 1: what happened in two thousand and eight and nine. That's

1790
01:35:38,160 --> 01:35:40,519
Speaker 1: the risk that you're talking about, Crystal. When you ask

1791
01:35:40,560 --> 01:35:43,080
Speaker 1: about the asset bubble right now, we're not seeing that yet. Sorry,

1792
01:35:43,080 --> 01:35:45,320
Speaker 1: go ahead seeing no, no, no, I'm saying this has

1793
01:35:45,360 --> 01:35:49,200
Speaker 1: been very helpful. Dylan. One, Dylan, while we have you

1794
01:35:49,200 --> 01:35:50,519
Speaker 1: that I wanted to ask you about because you have

1795
01:35:50,520 --> 01:35:53,080
Speaker 1: your nique visibility into I mentioned in your introduction you

1796
01:35:53,120 --> 01:35:59,520
Speaker 1: got your hands on a whole lot of things Ppe, Medium, Mogul, Biomedical.

1797
01:35:59,720 --> 01:36:02,200
Speaker 1: One I didn't mention is that you're also involved with

1798
01:36:02,280 --> 01:36:05,639
Speaker 1: a company that helps book travel around the world, which

1799
01:36:05,680 --> 01:36:09,200
Speaker 1: kind of gives you unique visibility into how people are

1800
01:36:09,360 --> 01:36:13,400
Speaker 1: feeling about coronavirus right now. Are they panicked, are they traveling,

1801
01:36:13,439 --> 01:36:15,320
Speaker 1: are they not traveling, are they staying home? What are

1802
01:36:15,360 --> 01:36:19,880
Speaker 1: they doing? And so from your vantage point there, how

1803
01:36:19,880 --> 01:36:22,400
Speaker 1: does the behavior of people match up with some of

1804
01:36:22,439 --> 01:36:25,640
Speaker 1: the headlines that we see from the media. Yeah, I

1805
01:36:25,640 --> 01:36:28,080
Speaker 1: mean it's super interesting. And again, just for context, the

1806
01:36:28,120 --> 01:36:30,600
Speaker 1: company is called Hotel Planner. I'm on the board of directors.

1807
01:36:30,880 --> 01:36:33,920
Speaker 1: I've been involved with the company since twenty thirteen. The

1808
01:36:33,960 --> 01:36:38,400
Speaker 1: company is actually going public in February on the NASDAC

1809
01:36:38,479 --> 01:36:41,080
Speaker 1: and so there's been a lot of act imagine trying

1810
01:36:41,120 --> 01:36:42,920
Speaker 1: to go public with a travel company in the middle

1811
01:36:42,960 --> 01:36:49,839
Speaker 1: of the pandemic. But the interesting thing, to your point, Crystal,

1812
01:36:50,000 --> 01:36:52,839
Speaker 1: is you have the political narrative and the media narrative

1813
01:36:52,880 --> 01:36:55,519
Speaker 1: on the virus and the pandemic, and then you have

1814
01:36:55,600 --> 01:36:59,040
Speaker 1: what actual human beings actually do when they do or

1815
01:36:59,040 --> 01:37:03,679
Speaker 1: do not book travel. And obviously, for sure March twenty twenty,

1816
01:37:03,720 --> 01:37:08,280
Speaker 1: April twenty twenty, May twenty twenty, June twenty twenty, talk

1817
01:37:08,320 --> 01:37:13,800
Speaker 1: about catastrophic. You're talking about vacancy, you know, hotels with

1818
01:37:14,040 --> 01:37:18,800
Speaker 1: zero rooms booked ten not ten percent zero, okay, and

1819
01:37:18,880 --> 01:37:23,519
Speaker 1: you're talking about ninety percent cancelation rates. The interesting thing

1820
01:37:24,040 --> 01:37:26,720
Speaker 1: coming through two thousand early going a year later now

1821
01:37:26,720 --> 01:37:33,880
Speaker 1: spring of twenty twenty one Delta variant, there was a downtick,

1822
01:37:34,360 --> 01:37:36,840
Speaker 1: but not nearly the downtick that you might have thought,

1823
01:37:36,880 --> 01:37:39,639
Speaker 1: because Delta was obviously the big surf first big oh

1824
01:37:39,680 --> 01:37:42,639
Speaker 1: my god, this is never going to end. And then

1825
01:37:42,680 --> 01:37:46,880
Speaker 1: with omicron, the gap has never been wider between the

1826
01:37:47,280 --> 01:37:53,160
Speaker 1: narrative on the virus and the behavior. In other words,

1827
01:37:53,160 --> 01:37:56,720
Speaker 1: people are traveling, people are moving, people are you know,

1828
01:37:56,880 --> 01:37:59,800
Speaker 1: maybe for again, I don't know what the health consequences

1829
01:37:59,840 --> 01:38:05,120
Speaker 1: of U are or may be, or the hospital capacity

1830
01:38:05,160 --> 01:38:07,599
Speaker 1: constraints which I think is the primary concern that people

1831
01:38:07,640 --> 01:38:11,320
Speaker 1: have with all this. But I do find it interesting

1832
01:38:11,680 --> 01:38:14,720
Speaker 1: that the longer this goes on, that the bigger the

1833
01:38:14,800 --> 01:38:18,880
Speaker 1: gap between travel behavior, which continues to be consistent. And

1834
01:38:18,920 --> 01:38:22,240
Speaker 1: it's the reason Hotel Planner can go public, right when

1835
01:38:22,280 --> 01:38:24,240
Speaker 1: if people say, well, hey, on what's going on? I

1836
01:38:24,280 --> 01:38:26,080
Speaker 1: thought there's a pandemic? And then then they talk to

1837
01:38:26,120 --> 01:38:30,760
Speaker 1: investors and they say, well, look at the numbers. You know,

1838
01:38:30,800 --> 01:38:35,720
Speaker 1: We're revenues are at a record okay, And so there's

1839
01:38:35,760 --> 01:38:40,640
Speaker 1: a huge gap right now between behavior and narrative. I

1840
01:38:40,640 --> 01:38:42,400
Speaker 1: guess when it comes to the pandemic, I would say

1841
01:38:42,400 --> 01:38:44,559
Speaker 1: the biggest of the pandemic, you know, and I think

1842
01:38:44,560 --> 01:38:48,479
Speaker 1: a lot of us socially understand. You look around and

1843
01:38:48,520 --> 01:38:53,120
Speaker 1: see that people. You know, there's some comedian that was saying,

1844
01:38:53,160 --> 01:38:57,760
Speaker 1: you know, anyway, the people are people are not staying home. Yeah,

1845
01:38:58,680 --> 01:39:01,160
Speaker 1: makes sense, Dylan is allway. It's wonderful to have your insights.

1846
01:39:01,160 --> 01:39:03,280
Speaker 1: Thank you, Thank you, you'll come back and join us again.

1847
01:39:03,560 --> 01:39:06,240
Speaker 1: Thanks for wisdom. I love that, all right, Thanks guys,

1848
01:39:06,600 --> 01:39:09,600
Speaker 1: our pleasure to take care. Bye. Thank you guys so

1849
01:39:09,680 --> 01:39:12,679
Speaker 1: much for watching. We really appreciate it. We appreciate your support,

1850
01:39:12,800 --> 01:39:14,880
Speaker 1: you know every day, you know, this Rogan thing is

1851
01:39:14,960 --> 01:39:17,639
Speaker 1: always a reminder they can turn on you at any time.

1852
01:39:17,720 --> 01:39:21,320
Speaker 1: I talked about Dan Bongino. Look not the biggest Bongino fan.

1853
01:39:21,560 --> 01:39:24,160
Speaker 1: The guy was literally taken down for questioning the efficacy

1854
01:39:24,160 --> 01:39:26,640
Speaker 1: of cloth masks with the CDC just died the other

1855
01:39:26,720 --> 01:39:29,080
Speaker 1: day and then technically they banned in for some fake reason.

1856
01:39:29,720 --> 01:39:33,479
Speaker 1: You're posting on a second channel. This can happen to anybody.

1857
01:39:33,479 --> 01:39:35,920
Speaker 1: We talk about controversial stuff all the time. We also

1858
01:39:36,000 --> 01:39:38,760
Speaker 1: post our stuff on Spotify? Will our stuff be getting

1859
01:39:38,800 --> 01:39:42,320
Speaker 1: misinformation labels? Also, these new things rules that they've put out,

1860
01:39:42,320 --> 01:39:47,240
Speaker 1: crystal different ways, creators double speak, you know whatever, basically

1861
01:39:47,240 --> 01:39:48,960
Speaker 1: in order to say they're going to develop probably some

1862
01:39:49,000 --> 01:39:52,200
Speaker 1: sort of strike system the way that you two possibly has.

1863
01:39:52,439 --> 01:39:55,040
Speaker 1: We can only rely on you, so thank you for

1864
01:39:55,080 --> 01:39:58,360
Speaker 1: your support. It's what drives both of us every day,

1865
01:39:58,479 --> 01:40:01,560
Speaker 1: both fulfilling the promises that we make to our premium subscribers,

1866
01:40:01,600 --> 01:40:03,920
Speaker 1: but also you are the only people who make this

1867
01:40:04,000 --> 01:40:06,080
Speaker 1: show possible, who make it so we could cover all

1868
01:40:06,120 --> 01:40:08,200
Speaker 1: of the things down there that the the mainstream media are

1869
01:40:08,240 --> 01:40:10,679
Speaker 1: not telling you and are really gaslighting so many millions

1870
01:40:10,720 --> 01:40:12,400
Speaker 1: of people. So Thank you to those who can. And

1871
01:40:12,439 --> 01:40:14,519
Speaker 1: if you can't support us, it really means a lot

1872
01:40:14,560 --> 01:40:17,160
Speaker 1: because it helps our mission. And I see, you know,

1873
01:40:17,200 --> 01:40:20,080
Speaker 1: I see why we were prescient in a way, why

1874
01:40:20,120 --> 01:40:23,240
Speaker 1: we designed it this way yea, and specifically for this reason. Yeah.

1875
01:40:23,280 --> 01:40:27,240
Speaker 1: And even if you're not, you know, blazefully canceled like

1876
01:40:27,800 --> 01:40:32,040
Speaker 1: the algorithmic screwing all of those things. Anytime I talk

1877
01:40:32,080 --> 01:40:36,439
Speaker 1: about school masking, it's like, yeah, so we appreciate you guys.

1878
01:40:36,479 --> 01:40:38,360
Speaker 1: Thank you for making it possible to do this. Thank

1879
01:40:38,400 --> 01:40:41,080
Speaker 1: you for giving us absolutely no fear or concern about

1880
01:40:41,080 --> 01:40:44,200
Speaker 1: what the consequences of covering topics that may be uncomfortable

1881
01:40:44,400 --> 01:40:46,960
Speaker 1: might be, or having on guests that might be uncomfortable.

1882
01:40:47,560 --> 01:40:49,479
Speaker 1: We love you, guys. You enable us to do what

1883
01:40:49,560 --> 01:40:51,920
Speaker 1: we do here. Have a wonderful day, and we will

1884
01:40:51,960 --> 01:41:05,639
Speaker 1: see you right back here tomorrow. See you tomorrow,