1 00:00:00,080 --> 00:00:01,599 Speaker 1: Hey guys, Saga and Crystal here. 2 00:00:01,680 --> 00:00:05,240 Speaker 2: Independent media just played a truly massive role in this election, 3 00:00:05,360 --> 00:00:07,840 Speaker 2: and we are so excited about what that means for 4 00:00:07,880 --> 00:00:08,720 Speaker 2: the future of this show. 5 00:00:08,880 --> 00:00:10,760 Speaker 1: This is the only place where you can find honest 6 00:00:10,760 --> 00:00:13,280 Speaker 1: perspectives from the left and the right that simply does 7 00:00:13,320 --> 00:00:14,680 Speaker 1: not exist anywhere else. 8 00:00:14,760 --> 00:00:17,080 Speaker 2: So if that is something that's important to you, please 9 00:00:17,120 --> 00:00:19,599 Speaker 2: go to Breakingpoints dot com. Become a member today and 10 00:00:19,640 --> 00:00:22,800 Speaker 2: you'll get access to our full shows, unedited, ad free, 11 00:00:22,800 --> 00:00:25,600 Speaker 2: and all put together for you every morning in your inbox. 12 00:00:25,680 --> 00:00:27,560 Speaker 1: We need your help to build the future of independent 13 00:00:27,560 --> 00:00:29,920 Speaker 1: news media and we hope to see you at Breakingpoints 14 00:00:29,960 --> 00:00:35,960 Speaker 1: dot com. Good morning, everybody, Happy Tuesday. Have an amazing 15 00:00:36,000 --> 00:00:37,840 Speaker 1: show for everybody today. What do we have, Crystal, indeed 16 00:00:37,840 --> 00:00:38,080 Speaker 1: we do. 17 00:00:38,120 --> 00:00:40,440 Speaker 2: We have Kevin Hassett of the White House telling us 18 00:00:40,440 --> 00:00:42,960 Speaker 2: we may have a quiet period in the labor market, 19 00:00:43,000 --> 00:00:45,840 Speaker 2: nothing to be distressed about, just because of AI displacement. 20 00:00:45,920 --> 00:00:48,120 Speaker 2: Might be a a little quiet out there in terms 21 00:00:48,159 --> 00:00:50,919 Speaker 2: of job creation. Also some updates on Larry Summers, who 22 00:00:51,040 --> 00:00:54,400 Speaker 2: was heavily featured in those Epstein emails that were released. 23 00:00:54,440 --> 00:00:56,640 Speaker 2: He says he is now stepping back from some of 24 00:00:56,680 --> 00:00:59,480 Speaker 2: his public commitments, So we will dig into what was 25 00:00:59,600 --> 00:01:00,440 Speaker 2: revealed there. 26 00:01:00,280 --> 00:01:01,200 Speaker 3: And his response. 27 00:01:01,720 --> 00:01:04,440 Speaker 2: Also a bunch of updates with regard to Ice. First 28 00:01:04,480 --> 00:01:07,120 Speaker 2: of all, Latinos who had voted in significant numbers for 29 00:01:07,160 --> 00:01:11,960 Speaker 2: Trump abandoning him also in significant numbers. And the Greg 30 00:01:12,000 --> 00:01:14,399 Speaker 2: Bovino team has now moved to Charlotte and then they're 31 00:01:14,400 --> 00:01:16,759 Speaker 2: apparently planning to go to New Orleans. So break down 32 00:01:16,959 --> 00:01:20,240 Speaker 2: what we know about those deployments and also the aftermath 33 00:01:20,280 --> 00:01:23,640 Speaker 2: of what happened in Chicago, some new indications about what 34 00:01:23,800 --> 00:01:27,160 Speaker 2: we may be planning in Venezuela. Will dig into that. 35 00:01:27,240 --> 00:01:30,119 Speaker 2: Sager has a property tax update for all of us. 36 00:01:30,200 --> 00:01:32,800 Speaker 2: Excited to hear from him on that one, and really 37 00:01:32,800 --> 00:01:35,480 Speaker 2: looking forward to this interview we have with a top 38 00:01:35,520 --> 00:01:38,080 Speaker 2: AI safety researcher. This is a guy who had left 39 00:01:38,400 --> 00:01:42,000 Speaker 2: Open AI because of his concerns about the direction of AI. 40 00:01:42,080 --> 00:01:43,680 Speaker 2: He is sounding the alarm and he co author of 41 00:01:43,720 --> 00:01:46,319 Speaker 2: paper called AI twenty twenty seven that's gotten a lot 42 00:01:46,319 --> 00:01:49,360 Speaker 2: of attention. That is his and his co author's best 43 00:01:49,520 --> 00:01:53,320 Speaker 2: guess of how AI is going to develop and the 44 00:01:53,560 --> 00:02:00,400 Speaker 2: major consequential, potentially civilizational risks entailed in this multi trillion 45 00:02:00,440 --> 00:02:03,320 Speaker 2: dollar project that the oligarchs and our government, Chinese and 46 00:02:03,320 --> 00:02:05,880 Speaker 2: everybody else are throwing tons of money at, tons tons 47 00:02:05,920 --> 00:02:08,200 Speaker 2: of effort at, so really looking forward to. 48 00:02:08,400 --> 00:02:08,960 Speaker 3: Speaking with him. 49 00:02:08,960 --> 00:02:10,639 Speaker 2: I've watched a bunch of his interviews and read his 50 00:02:10,720 --> 00:02:11,680 Speaker 2: paper obviously. 51 00:02:11,400 --> 00:02:14,079 Speaker 1: So that's one really interesting guy. I've seen a bunch 52 00:02:14,080 --> 00:02:15,640 Speaker 1: of his stuff. I know some of you are familiar 53 00:02:15,639 --> 00:02:17,600 Speaker 1: as well with play clips of him here on the show. 54 00:02:17,639 --> 00:02:20,160 Speaker 1: Thank you to everybody who has been signing up at 55 00:02:20,200 --> 00:02:22,680 Speaker 1: a premium subscriber Breakingpoints dot com if you can help 56 00:02:22,840 --> 00:02:26,440 Speaker 1: support our work, our Epstein Expose's journalism and more. It 57 00:02:26,480 --> 00:02:29,280 Speaker 1: actually deeply helps us out over here. If you can't 58 00:02:29,280 --> 00:02:31,480 Speaker 1: afford it, no worries, please just hit subscribe to this 59 00:02:31,560 --> 00:02:34,040 Speaker 1: video or any of the videos on our YouTube channel. 60 00:02:34,320 --> 00:02:36,520 Speaker 1: And if you're listening to this the podcast, please send 61 00:02:36,560 --> 00:02:39,040 Speaker 1: an episode to a friend. We've got a ton of 62 00:02:39,080 --> 00:02:42,160 Speaker 1: new listeners actually coming in from the Epstein issue, which 63 00:02:42,200 --> 00:02:44,520 Speaker 1: we're deeply proud to have you all here for trusting 64 00:02:44,600 --> 00:02:47,160 Speaker 1: us with your newsdiet, So please send an episode to 65 00:02:47,200 --> 00:02:49,480 Speaker 1: your friend if you're interested, or rate us five stars 66 00:02:49,639 --> 00:02:52,040 Speaker 1: on our favorite podcast platform. It really helps other people 67 00:02:52,200 --> 00:02:54,440 Speaker 1: find the show. But let's go ahead and start there. 68 00:02:54,520 --> 00:02:59,200 Speaker 1: With the economy and this quiet period being described here 69 00:02:59,320 --> 00:03:03,320 Speaker 1: by the White House in this AI, they're saying, it's 70 00:03:03,360 --> 00:03:05,000 Speaker 1: just a little cooling off, it's just a little bit 71 00:03:05,040 --> 00:03:07,600 Speaker 1: of a blip of what's happening. Let's take a listen. 72 00:03:07,760 --> 00:03:11,720 Speaker 4: Last CPI report. We got surprised forty eight Bloomberg economists 73 00:03:11,720 --> 00:03:14,720 Speaker 4: on the downside, and even had some sort of temporary 74 00:03:14,720 --> 00:03:16,800 Speaker 4: bad news because there was a refinery. 75 00:03:16,320 --> 00:03:17,839 Speaker 1: That would shut down if you're looking at the top 76 00:03:17,840 --> 00:03:18,480 Speaker 1: flag number. 77 00:03:18,720 --> 00:03:20,840 Speaker 4: I think that there have been mixed signals in the 78 00:03:20,919 --> 00:03:25,880 Speaker 4: job market and really really positive signals in the output markets. 79 00:03:26,200 --> 00:03:28,480 Speaker 4: As you know, we've got GDP now running close to 80 00:03:28,520 --> 00:03:32,000 Speaker 4: four percent, we've got productivity running up around three percent, 81 00:03:32,280 --> 00:03:33,920 Speaker 4: and so I think that there could be a little 82 00:03:33,960 --> 00:03:37,960 Speaker 4: bit of almost a quiet time in the labor market 83 00:03:38,080 --> 00:03:41,040 Speaker 4: because firms are finding that AI is making their workers 84 00:03:41,080 --> 00:03:43,600 Speaker 4: so productive that they don't necessarily have to hire the 85 00:03:43,680 --> 00:03:46,080 Speaker 4: new kids out of college and so on. But because 86 00:03:46,080 --> 00:03:48,960 Speaker 4: there's so much output growth and income growth, that's the 87 00:03:49,040 --> 00:03:51,000 Speaker 4: kind of thing that you know, a free market will 88 00:03:51,000 --> 00:03:53,880 Speaker 4: work out relatively quickly. As you know, new ways to 89 00:03:53,920 --> 00:03:54,880 Speaker 4: spend money emerge. 90 00:03:55,320 --> 00:03:58,520 Speaker 1: Free mark's going to figure it out, don't worry about it. Well, 91 00:03:58,600 --> 00:04:01,360 Speaker 1: you know, it's one of those where I keep saying this, 92 00:04:01,480 --> 00:04:04,840 Speaker 1: The Biden vibes on this are just so out of control. 93 00:04:04,920 --> 00:04:07,960 Speaker 1: Like what they keep doing is they post charts, they 94 00:04:08,000 --> 00:04:11,280 Speaker 1: say the economy is historically better than ever. If it 95 00:04:11,400 --> 00:04:15,000 Speaker 1: is bad, it's always somebody else's fault. And if you 96 00:04:15,080 --> 00:04:16,760 Speaker 1: know to the extent it is somebody else's fault, we're 97 00:04:16,760 --> 00:04:19,600 Speaker 1: also we're not going to do anything about somebody else's fault, right, 98 00:04:19,640 --> 00:04:21,560 Speaker 1: so you can't. This is one of those where with 99 00:04:21,640 --> 00:04:25,279 Speaker 1: AI they just continue to basically think that yes, it 100 00:04:25,279 --> 00:04:28,719 Speaker 1: will shake out. It's free market creative destruction, the libertarian's 101 00:04:29,000 --> 00:04:30,960 Speaker 1: favorite word whenever it comes to this, And you know, 102 00:04:31,200 --> 00:04:33,880 Speaker 1: maybe there is something to that. But part of what 103 00:04:34,000 --> 00:04:35,640 Speaker 1: is so distressing and we're going to talk about with 104 00:04:35,640 --> 00:04:38,920 Speaker 1: the AI twenty twenty seven plan is basically they keep 105 00:04:38,960 --> 00:04:40,919 Speaker 1: saying stuff out loud like none of you are going 106 00:04:41,000 --> 00:04:43,440 Speaker 1: to work in five years, and the government is just 107 00:04:43,520 --> 00:04:47,320 Speaker 1: completely just letting it go. Just this morning, House Republicans 108 00:04:47,320 --> 00:04:49,479 Speaker 1: are apparently scheming to try and put some language in 109 00:04:49,680 --> 00:04:53,320 Speaker 1: that will block all states from regulating AIS any individual state. 110 00:04:53,400 --> 00:04:56,080 Speaker 1: Remember this, They previously tried to pass this gambit and 111 00:04:56,120 --> 00:05:00,279 Speaker 1: there was a pushback against it, and I'm increasingly just thinking, like, look, look, 112 00:05:00,480 --> 00:05:03,880 Speaker 1: I'm sorry, Like we have to have democratic check whenever 113 00:05:03,880 --> 00:05:06,839 Speaker 1: it comes to our relationship with this technology, when billions 114 00:05:06,880 --> 00:05:09,000 Speaker 1: of us are going to use it, and you out 115 00:05:09,080 --> 00:05:11,520 Speaker 1: in your own words, if we take you seriously, it's 116 00:05:11,560 --> 00:05:14,400 Speaker 1: going to cause mass layoffs, It's going to disrupt every 117 00:05:14,400 --> 00:05:16,920 Speaker 1: facet of our society. It's just too important to leave 118 00:05:16,960 --> 00:05:18,600 Speaker 1: in the hands of Sam Altman. I don't trust him, 119 00:05:18,600 --> 00:05:19,520 Speaker 1: and I don't think anybody. 120 00:05:19,240 --> 00:05:22,200 Speaker 2: Else should oh or anyone anyone or literally anyone else. 121 00:05:22,240 --> 00:05:24,640 Speaker 2: I mean, so, I actually been thinking a lot about 122 00:05:24,680 --> 00:05:27,040 Speaker 2: this this week, and increasingly obviously. 123 00:05:26,640 --> 00:05:28,240 Speaker 3: There's a lot going on with the Trumpeters. 124 00:05:28,279 --> 00:05:31,200 Speaker 2: There's you know, Ebstein files, there's the big beautiful Bill, 125 00:05:31,440 --> 00:05:34,480 Speaker 2: there's Venezuela, there's the Ice deployments. There's a lot of 126 00:05:34,480 --> 00:05:37,880 Speaker 2: shit going on with the Trump administration. I'm increasingly feeling 127 00:05:37,960 --> 00:05:42,200 Speaker 2: like the AI push is actually the main event, is 128 00:05:42,240 --> 00:05:45,840 Speaker 2: like the main done just in terms of the consequences 129 00:05:45,880 --> 00:05:48,400 Speaker 2: of it that I've already been convinced of, but that 130 00:05:48,720 --> 00:05:51,640 Speaker 2: you know, in Trump's campaign, you'll recall you had, first 131 00:05:51,680 --> 00:05:53,760 Speaker 2: of all, him flip his position on a bunch of issues, 132 00:05:53,760 --> 00:05:56,159 Speaker 2: including crypto in order. 133 00:05:56,000 --> 00:05:57,560 Speaker 3: To please these tech oligarchs. 134 00:05:57,600 --> 00:05:59,880 Speaker 2: You had a bunch of these tech guys who previously 135 00:06:00,040 --> 00:06:02,120 Speaker 2: we like more or less Democrats or voting for Democrats, 136 00:06:02,160 --> 00:06:05,520 Speaker 2: supporting Democrats, flip their support to Trump. You had Elon 137 00:06:05,600 --> 00:06:08,119 Speaker 2: Musk himself coming in with what two hundred and fifty 138 00:06:08,120 --> 00:06:12,240 Speaker 2: million dollars plus and taking an extremely aggressive, active role 139 00:06:12,279 --> 00:06:15,480 Speaker 2: in the campaign, being influential in who Trump picked as 140 00:06:15,480 --> 00:06:17,760 Speaker 2: his VP. And then what happens as soon as he 141 00:06:17,800 --> 00:06:19,800 Speaker 2: comes into office. First of all, you guys will remember 142 00:06:19,839 --> 00:06:22,840 Speaker 2: the images from the inauguration where he's surrounded by all 143 00:06:22,920 --> 00:06:26,360 Speaker 2: of these tech barons. A striking image and a striking 144 00:06:26,400 --> 00:06:29,159 Speaker 2: portrait of what was to come. In that initial batch 145 00:06:29,200 --> 00:06:31,640 Speaker 2: of executive orders, you remember there was a whole slew 146 00:06:31,640 --> 00:06:35,000 Speaker 2: of them, so it was somewhat lost. But immediately what 147 00:06:35,120 --> 00:06:38,320 Speaker 2: he did was to roll back any of the safety 148 00:06:38,520 --> 00:06:41,479 Speaker 2: guardrails that have been put in place by the Biden administration. 149 00:06:41,839 --> 00:06:45,640 Speaker 2: The whole push of this administration has been to completely 150 00:06:45,800 --> 00:06:49,479 Speaker 2: deregulate the tech industry, I mean regulation in general, but 151 00:06:49,520 --> 00:06:52,320 Speaker 2: specifically the tech industry, and make it so that it 152 00:06:52,360 --> 00:06:53,600 Speaker 2: was completely. 153 00:06:53,160 --> 00:06:54,160 Speaker 3: Off to the races. 154 00:06:54,400 --> 00:06:57,960 Speaker 2: With this AI tech development with no breaks on the car. 155 00:06:58,480 --> 00:07:01,560 Speaker 2: We had multiple press conferences with these guys. You see 156 00:07:01,600 --> 00:07:04,800 Speaker 2: them at dinners with these guys. This is the central 157 00:07:05,040 --> 00:07:09,479 Speaker 2: piece that this Trump administration really is about. They're placing 158 00:07:09,520 --> 00:07:11,960 Speaker 2: this bet that number one, we can beat China to 159 00:07:12,280 --> 00:07:15,920 Speaker 2: ag artificial general intelligence, and that number two, it's going 160 00:07:16,000 --> 00:07:19,320 Speaker 2: to magically solve more problems than it creates. When if 161 00:07:19,360 --> 00:07:22,720 Speaker 2: you actually listen to the researchers of one of them 162 00:07:22,760 --> 00:07:24,320 Speaker 2: we're going to talk to you today. If you listen 163 00:07:24,520 --> 00:07:27,400 Speaker 2: to even guys like Sam Altman or Mark Zuckerberg, who's 164 00:07:27,480 --> 00:07:29,920 Speaker 2: one of the least responsible actors actually in all of this, 165 00:07:30,120 --> 00:07:32,960 Speaker 2: you listen to Elon Musk, they'll tell you we are 166 00:07:33,000 --> 00:07:36,480 Speaker 2: planning to replace at the very least tens of millions 167 00:07:36,480 --> 00:07:39,160 Speaker 2: of jobs with robots, like we are planning to make 168 00:07:39,240 --> 00:07:43,560 Speaker 2: you irrelevant. This is already happening. We covered how Amazon 169 00:07:44,000 --> 00:07:48,760 Speaker 2: their plans to eliminate half a million jobs were leaked. 170 00:07:48,840 --> 00:07:50,840 Speaker 2: The New York Times got their hands on it. They're 171 00:07:50,880 --> 00:07:53,320 Speaker 2: already implementing this. There is a warehouse down I believe 172 00:07:53,320 --> 00:07:58,280 Speaker 2: in Shrapeport, Louisiana, where is largely robots already. So this 173 00:07:58,320 --> 00:08:03,080 Speaker 2: is happening now. This clip from Kevin Hassett is so significant. 174 00:08:03,200 --> 00:08:05,040 Speaker 2: I think, as far as I know, this is the 175 00:08:05,040 --> 00:08:08,880 Speaker 2: first time the White House is acknowledging that that labor 176 00:08:09,200 --> 00:08:12,920 Speaker 2: displacement is already happening. Now it's happening exactly the places 177 00:08:12,920 --> 00:08:15,720 Speaker 2: you would expect, with coders and with new employees coming 178 00:08:15,800 --> 00:08:18,120 Speaker 2: out of college, so that those entry level jobs are 179 00:08:18,160 --> 00:08:20,760 Speaker 2: being destroyed. People cannot get their foot on the ladder 180 00:08:21,040 --> 00:08:22,480 Speaker 2: that is where it starts. 181 00:08:22,680 --> 00:08:24,760 Speaker 3: But they have much bigger goals. 182 00:08:24,960 --> 00:08:27,280 Speaker 2: So when he says, oh, it's just a quiet time 183 00:08:27,600 --> 00:08:30,240 Speaker 2: and plays it down and frames it actually soger like 184 00:08:30,280 --> 00:08:32,000 Speaker 2: this is some plus. Oh, they're just you know, these 185 00:08:32,000 --> 00:08:34,640 Speaker 2: companies are getting more productive. It's a good thing actually 186 00:08:35,120 --> 00:08:38,080 Speaker 2: that we're displacing all these workers and there's going to 187 00:08:38,080 --> 00:08:41,000 Speaker 2: be a spike in unemployment and young kids coming out 188 00:08:41,040 --> 00:08:42,800 Speaker 2: of college are not going to have jobs to go to. 189 00:08:42,920 --> 00:08:44,160 Speaker 3: That's how he's framing it. 190 00:08:44,440 --> 00:08:46,719 Speaker 2: That's how they're thinking about it, and that's how these 191 00:08:46,720 --> 00:08:48,480 Speaker 2: companies are thinking about it too, which is why they 192 00:08:48,520 --> 00:08:50,280 Speaker 2: all go out and brag as much as possible about 193 00:08:50,280 --> 00:08:51,360 Speaker 2: all the layoffs that they're doing. 194 00:08:51,480 --> 00:08:53,600 Speaker 1: Yeah, I mean, you know, to think it back. Actually, 195 00:08:53,880 --> 00:08:57,000 Speaker 1: if you even roll the tape of our inauguration coverage. 196 00:08:57,040 --> 00:08:59,360 Speaker 1: What we said is if you roll back, you know 197 00:08:59,480 --> 00:09:01,800 Speaker 1: you will offer You may think that the most significant 198 00:09:01,800 --> 00:09:04,840 Speaker 1: thing that happened in the Trump administration was AI. You know, 199 00:09:04,920 --> 00:09:07,960 Speaker 1: considering all those tech CEOs, which we literally said on 200 00:09:08,000 --> 00:09:11,280 Speaker 1: the day he was inaugurated with that picture, AI regulation 201 00:09:11,440 --> 00:09:13,360 Speaker 1: and all of that has also just been a morass. 202 00:09:13,360 --> 00:09:15,080 Speaker 1: You know you're talking about AIS. I did a few 203 00:09:15,080 --> 00:09:18,640 Speaker 1: monologues about it at the time. Unfortunately, the Biden rules, 204 00:09:18,640 --> 00:09:21,160 Speaker 1: in my opinion, would have basically just crystallized too big 205 00:09:21,200 --> 00:09:23,880 Speaker 1: to fail. With a lot of the open AI and others. 206 00:09:24,040 --> 00:09:25,640 Speaker 1: At that time there was a little bit more of 207 00:09:25,679 --> 00:09:28,520 Speaker 1: a hope for an open source direction. The Trump administration 208 00:09:28,840 --> 00:09:33,400 Speaker 1: has abandoned even the Biden administration's effective commitment to op 209 00:09:33,480 --> 00:09:36,559 Speaker 1: too big to fail and to regulation because what they've 210 00:09:36,559 --> 00:09:40,720 Speaker 1: done they need the AI companies to continue to investing 211 00:09:40,720 --> 00:09:44,439 Speaker 1: in our economy. If they do stop building these data centers. 212 00:09:44,520 --> 00:09:46,040 Speaker 1: We are in an official recession. 213 00:09:46,080 --> 00:09:46,160 Speaker 3: Now. 214 00:09:46,160 --> 00:09:48,120 Speaker 1: We're going to get to some data that already shows 215 00:09:48,160 --> 00:09:51,800 Speaker 1: some recessionary impact. But the issue is the stock market 216 00:09:51,840 --> 00:09:55,480 Speaker 1: and GDP is entirely reliant on these AI gains. That's 217 00:09:55,480 --> 00:09:57,960 Speaker 1: part of the reason they'reletting them let fly because they're like, look, 218 00:09:58,000 --> 00:10:00,280 Speaker 1: without this, we're screwed. I mean, you go to talk 219 00:10:00,320 --> 00:10:02,640 Speaker 1: about tariffs and all this other stuff, the discussion is 220 00:10:02,720 --> 00:10:06,400 Speaker 1: totally different without a lot of these AI companies, And 221 00:10:06,559 --> 00:10:10,880 Speaker 1: in general, you're actually seeing recession and inflation problems that 222 00:10:10,920 --> 00:10:14,120 Speaker 1: are bubbling up everywhere. Consumers are more miserable than ever before, 223 00:10:14,160 --> 00:10:17,160 Speaker 1: literally rock bottom sentiment, and of course the same type 224 00:10:17,160 --> 00:10:20,480 Speaker 1: of Biden administration stuff trying to tell consumers that they're wrong, 225 00:10:20,600 --> 00:10:23,480 Speaker 1: like they're not wrong, they're empirically correct when it comes 226 00:10:23,480 --> 00:10:27,000 Speaker 1: to grocery prices, housing, basic cost of living, health insurance, 227 00:10:27,040 --> 00:10:28,880 Speaker 1: all the stuff that we cover here on a day 228 00:10:28,920 --> 00:10:31,400 Speaker 1: to day basis, And the administration is doing the same thing, 229 00:10:31,720 --> 00:10:34,400 Speaker 1: trying to blame other people. In fact, frankly, they're just 230 00:10:34,440 --> 00:10:37,160 Speaker 1: doing it an even dumber and more low IQ way. 231 00:10:37,240 --> 00:10:40,720 Speaker 1: Here with Scott Bessen for his explanation on beef Maria. 232 00:10:40,760 --> 00:10:44,400 Speaker 5: The beef market is a very specialized market. It goes 233 00:10:44,520 --> 00:10:49,800 Speaker 5: in long cycles, and that this is the perfect storm 234 00:10:50,000 --> 00:10:54,800 Speaker 5: again something we inherited. And there's also because of the 235 00:10:54,880 --> 00:11:01,000 Speaker 5: mass immigration, a disease that had been we've been rid 236 00:11:01,040 --> 00:11:04,319 Speaker 5: of in North America made its way up through South 237 00:11:04,360 --> 00:11:07,719 Speaker 5: America as these migrants, they have brought some of their 238 00:11:07,760 --> 00:11:11,080 Speaker 5: cattle with them. So part of the problem is we've 239 00:11:11,120 --> 00:11:16,439 Speaker 5: had to shut the border to Mexican beef because of 240 00:11:16,480 --> 00:11:18,679 Speaker 5: this disease called the screw worms, So we're not going 241 00:11:18,720 --> 00:11:20,560 Speaker 5: to let that get into our supply chain. 242 00:11:21,280 --> 00:11:24,559 Speaker 1: So yeah, the explanation is that some of these people 243 00:11:24,559 --> 00:11:27,040 Speaker 1: have brought the cows with them and that that's the 244 00:11:27,120 --> 00:11:30,360 Speaker 1: disease that is spreading me so well, you know, I checked, 245 00:11:30,440 --> 00:11:32,240 Speaker 1: by the way, I did check on that. What he's 246 00:11:32,280 --> 00:11:38,480 Speaker 1: alleging is something called bovine sponge ofform and cephalopathy. But 247 00:11:39,360 --> 00:11:42,319 Speaker 1: from what we see on the CDC website and others, 248 00:11:42,320 --> 00:11:45,800 Speaker 1: it is not necessarily because people are bringing cattle over 249 00:11:45,840 --> 00:11:49,000 Speaker 1: the border with them. But regardless, you know, actually just 250 00:11:49,000 --> 00:11:51,960 Speaker 1: heard from somebody yesterday and others like beef prices in 251 00:11:52,080 --> 00:11:55,160 Speaker 1: terms of sticker shock at the grocery store are ones 252 00:11:55,200 --> 00:11:57,800 Speaker 1: where people are paying a lot of attention. But I 253 00:11:57,840 --> 00:12:00,840 Speaker 1: increasingly buy the housing theory of everything, and when you 254 00:12:00,880 --> 00:12:02,640 Speaker 1: buy that and you look at the data, it's just 255 00:12:02,679 --> 00:12:05,240 Speaker 1: a disaster, not only in terms of home prices and rates. 256 00:12:05,240 --> 00:12:07,280 Speaker 1: But put this next one, please up on the screen. 257 00:12:07,600 --> 00:12:11,800 Speaker 1: New Flora closures have now jumped some twenty percent in October, 258 00:12:12,000 --> 00:12:15,880 Speaker 1: a sign of more distress in the housing market. Foreclosure starts. 259 00:12:15,920 --> 00:12:18,800 Speaker 1: That's the initial phase of the process rose six percent 260 00:12:18,840 --> 00:12:21,439 Speaker 1: for the month, and we're twenty percent higher than the 261 00:12:21,520 --> 00:12:25,360 Speaker 1: year before. Completed foreclosures the final phase are up thirty 262 00:12:25,360 --> 00:12:29,160 Speaker 1: two percent year over year. Florida, South Carolina in Illinois 263 00:12:29,320 --> 00:12:32,680 Speaker 1: leading the state in Florida in foreclosures. They say that 264 00:12:32,760 --> 00:12:35,840 Speaker 1: some thirty six thousand US properties with some type of 265 00:12:35,880 --> 00:12:39,400 Speaker 1: foreclosure in October, such as default notices and others. That's 266 00:12:39,400 --> 00:12:42,120 Speaker 1: twenty percent higher than the year prior. I mean, there's 267 00:12:42,160 --> 00:12:44,600 Speaker 1: a lot of potential reasons for that. Usually it's just 268 00:12:44,600 --> 00:12:47,360 Speaker 1: that people's household balance sheet and debt, which we've also 269 00:12:47,360 --> 00:12:50,160 Speaker 1: been covering here now for years. It does eventually catch 270 00:12:50,240 --> 00:12:52,800 Speaker 1: up if you're unable to make those mortgage payments. Also, 271 00:12:52,840 --> 00:12:55,480 Speaker 1: potentially the government shutdown. Who knows how many of them 272 00:12:55,480 --> 00:12:57,760 Speaker 1: were workers and others who are already behind on their 273 00:12:57,800 --> 00:13:00,960 Speaker 1: bills and they just got a final final screw turning 274 00:13:00,960 --> 00:13:03,800 Speaker 1: in there. So we don't know exactly what the reason is, 275 00:13:03,840 --> 00:13:06,480 Speaker 1: but you know, if you lived through seven, you don't 276 00:13:06,520 --> 00:13:08,120 Speaker 1: want to be seeing headlines like this. You just don't 277 00:13:08,120 --> 00:13:10,040 Speaker 1: want to see it period, right. You want people to 278 00:13:10,120 --> 00:13:12,840 Speaker 1: have enough money that they're at the very least they 279 00:13:12,840 --> 00:13:16,000 Speaker 1: can make their kind of monthly bills. And right now 280 00:13:16,040 --> 00:13:19,559 Speaker 1: with inflation at the grocery store, with housing, with rates 281 00:13:19,840 --> 00:13:23,120 Speaker 1: and others, it just feels more unattainable than ever before. 282 00:13:23,280 --> 00:13:25,800 Speaker 1: Especially and it's not about feeling. You can look at 283 00:13:25,800 --> 00:13:29,600 Speaker 1: credit card balances, wages flat for over the last couple 284 00:13:29,640 --> 00:13:31,400 Speaker 1: of years, and you can say it's pretty obvious where 285 00:13:31,400 --> 00:13:32,040 Speaker 1: things are right now. 286 00:13:32,120 --> 00:13:34,040 Speaker 2: Yeah, I just saw this from CNBC as well. It's 287 00:13:34,080 --> 00:13:36,719 Speaker 2: the corollary to what you're saying about home foreclosures. Home 288 00:13:36,760 --> 00:13:39,640 Speaker 2: Depot is cutting their earnings outlook as home improvement demand 289 00:13:39,679 --> 00:13:43,679 Speaker 2: falls short of expectations. Apparently, they missed their third quarter 290 00:13:43,720 --> 00:13:46,760 Speaker 2: earning estimates. That's their third straight miss. They cut their 291 00:13:46,760 --> 00:13:50,040 Speaker 2: full year profit outlook. The company said slow consumer spending 292 00:13:50,280 --> 00:13:53,079 Speaker 2: and a weaker housing market have made home improvement demand 293 00:13:53,240 --> 00:13:56,400 Speaker 2: worse than it expected. So you can see indications of 294 00:13:56,400 --> 00:13:57,760 Speaker 2: those ut youwhere yeah. 295 00:13:57,600 --> 00:14:00,000 Speaker 1: You can see it in that debt. And then also 296 00:14:00,040 --> 00:14:03,120 Speaker 1: so because AI is the single bet, then you also 297 00:14:03,160 --> 00:14:05,400 Speaker 1: start to have to pay attention to some of these 298 00:14:05,440 --> 00:14:08,640 Speaker 1: people who are you know, exiting their position. There was 299 00:14:08,679 --> 00:14:11,400 Speaker 1: a huge one News yesterday showed let's put this up 300 00:14:11,440 --> 00:14:14,240 Speaker 1: here on the screen A four. Peter Teal's hedge fund 301 00:14:14,240 --> 00:14:17,480 Speaker 1: has now dumped his entire Endvidia stock and has cut 302 00:14:17,520 --> 00:14:20,520 Speaker 1: back even on the Tesla position. I mean, it's one 303 00:14:20,560 --> 00:14:23,600 Speaker 1: of those where people obviously are trading and all of 304 00:14:23,600 --> 00:14:27,160 Speaker 1: that all the time, but in general when you look 305 00:14:27,320 --> 00:14:30,200 Speaker 1: at the people who are exiting and now starting to 306 00:14:30,240 --> 00:14:33,760 Speaker 1: call the top. Let's say, on Nvidia, you had Michael Burry, 307 00:14:33,760 --> 00:14:37,080 Speaker 1: the famed big short investor. Again it's always the caveat 308 00:14:37,080 --> 00:14:40,080 Speaker 1: he has called many since the big short and he 309 00:14:40,320 --> 00:14:42,960 Speaker 1: was incorrect. But he is staking out a big position 310 00:14:43,280 --> 00:14:46,960 Speaker 1: against an Nvidia and Palenteer. But here what you see 311 00:14:47,080 --> 00:14:49,440 Speaker 1: is that they sold some five hundred and thirty seven 312 00:14:49,480 --> 00:14:52,880 Speaker 1: thousand shares in Nvidia. The steak would have been worth 313 00:14:52,880 --> 00:14:56,120 Speaker 1: about one hundred million dollars, so the company's closed price 314 00:14:56,160 --> 00:14:59,480 Speaker 1: on September thirtieth. This Teal sell off, coupled with Soft 315 00:14:59,480 --> 00:15:04,080 Speaker 1: Banks sell off of its own n Video holdings last week, 316 00:15:04,280 --> 00:15:07,160 Speaker 1: has fueled Wall Street's angst that the frenzy driving these 317 00:15:07,160 --> 00:15:09,800 Speaker 1: sorts may have peaked, putting at risk the trillions of 318 00:15:09,800 --> 00:15:14,080 Speaker 1: dollars that are committing to AI advancement. Investors and analysts 319 00:15:14,120 --> 00:15:17,280 Speaker 1: still looking to the third quarter results are reported tomorrow 320 00:15:17,440 --> 00:15:20,280 Speaker 1: to dispel worries of a bubble. At the same time, 321 00:15:20,720 --> 00:15:24,440 Speaker 1: this I actually found kind of fascinating in myriad ways. 322 00:15:24,600 --> 00:15:28,120 Speaker 1: Put a five here on the screen. So the founder 323 00:15:28,240 --> 00:15:31,480 Speaker 1: of Klarna, he's the Swedish billionaire. Now, if you don't 324 00:15:31,520 --> 00:15:33,480 Speaker 1: know what Klarna is, it's one of those buy now, 325 00:15:33,560 --> 00:15:36,720 Speaker 1: pay later apps. So a guy who became a billionaire 326 00:15:36,960 --> 00:15:40,200 Speaker 1: by founding a company which has basically saddled people with 327 00:15:40,280 --> 00:15:43,040 Speaker 1: hundreds of billions of dollars in buy now, pay later debt. 328 00:15:43,200 --> 00:15:45,600 Speaker 1: So's you could call him a debt billionaire. I think 329 00:15:45,640 --> 00:15:48,640 Speaker 1: that's too fair. Now, says I'm nervous about all of 330 00:15:48,640 --> 00:15:52,320 Speaker 1: this AI debt spending. Seems to me he's an expert 331 00:15:52,320 --> 00:15:55,440 Speaker 1: in debt. That just me personally like the guy who 332 00:15:55,520 --> 00:15:58,840 Speaker 1: literally created a novel way of debt in the twenty twenties, 333 00:15:58,880 --> 00:16:02,040 Speaker 1: which that takes skill. I wouldn't say it's moral or anything, 334 00:16:02,080 --> 00:16:04,800 Speaker 1: but takes skills, certainly to try and extract more money 335 00:16:05,200 --> 00:16:08,040 Speaker 1: out of the consumer economy. In the twenty twenties, this 336 00:16:08,120 --> 00:16:11,440 Speaker 1: guy says, I'm nervous about the trillions of dollars of 337 00:16:11,440 --> 00:16:14,840 Speaker 1: spending on AI. He says the tech industry is committing 338 00:16:14,880 --> 00:16:18,480 Speaker 1: too much money to huge computing infrastructure. He is a 339 00:16:18,600 --> 00:16:23,080 Speaker 1: shareholder in open Ai, Perplexity xai service through his family office. 340 00:16:23,200 --> 00:16:26,600 Speaker 1: He told The Financial Times that huge sums being poured 341 00:16:26,680 --> 00:16:29,760 Speaker 1: making nervous. I think open Ai can be very successful 342 00:16:29,800 --> 00:16:32,400 Speaker 1: at a company, but at the same time, I'm very 343 00:16:32,440 --> 00:16:35,000 Speaker 1: nervous about the size of these investments in data centers. 344 00:16:35,120 --> 00:16:37,760 Speaker 1: That's a particular thing that I am concerned about. He 345 00:16:37,920 --> 00:16:41,480 Speaker 1: himself calls himself an AI evangelist, and he says an 346 00:16:41,480 --> 00:16:44,960 Speaker 1: AI chatbot already handles two thirds of his customers services 347 00:16:45,000 --> 00:16:48,960 Speaker 1: and inquiries over at Klarna. Now what he's pointing to, though, 348 00:16:49,360 --> 00:16:52,040 Speaker 1: I we keep hammering this home on the show open 349 00:16:52,080 --> 00:16:55,160 Speaker 1: Ai and Perplexity. In all these places they make money. 350 00:16:55,280 --> 00:16:57,560 Speaker 1: No one's saying they don't make any money. They actually 351 00:16:57,600 --> 00:16:59,800 Speaker 1: make a lot of money. But they have so much 352 00:17:00,200 --> 00:17:03,880 Speaker 1: the door that in terms of commitments that open ai itself, 353 00:17:03,920 --> 00:17:06,399 Speaker 1: it's current projected loss in twenty twenty eight is seventy 354 00:17:06,440 --> 00:17:10,040 Speaker 1: eight billion. Seventy eight billion dollars of losses just in 355 00:17:10,080 --> 00:17:12,680 Speaker 1: twenty twenty eight and a trillion dollars in spending commitments 356 00:17:12,720 --> 00:17:14,639 Speaker 1: just for that one company that doesn't even factor in 357 00:17:15,080 --> 00:17:19,080 Speaker 1: Xai perplex all of these other data center commitments. So 358 00:17:19,240 --> 00:17:22,200 Speaker 1: if you have even a marginal crawl back to reality, 359 00:17:22,480 --> 00:17:25,800 Speaker 1: that is a crash for our economy and for our GDP. 360 00:17:26,359 --> 00:17:29,960 Speaker 1: That's the problem. And I mean, look, enough people are 361 00:17:29,960 --> 00:17:32,800 Speaker 1: saying it at this point. I don't even really think 362 00:17:32,840 --> 00:17:35,120 Speaker 1: you could call it a black Swan event. It's one 363 00:17:35,160 --> 00:17:38,159 Speaker 1: of the more predictable things there are. Obvious business cycle 364 00:17:38,240 --> 00:17:39,560 Speaker 1: is one of those things they teach you and like 365 00:17:39,880 --> 00:17:42,880 Speaker 1: econ one oh one, and everyone's just kind of on 366 00:17:43,200 --> 00:17:45,840 Speaker 1: pins and needles waiting for it to happen. But Wall 367 00:17:45,880 --> 00:17:48,879 Speaker 1: Street's irrational exuberance. Also, it doesn't seem to be fading. 368 00:17:49,080 --> 00:17:51,520 Speaker 1: There's still billions of dollars being poured into this, so 369 00:17:51,760 --> 00:17:54,159 Speaker 1: really nobody knows, like you could be, you know, it's 370 00:17:54,320 --> 00:17:56,520 Speaker 1: you could either be a person who is you know, 371 00:17:56,560 --> 00:17:59,800 Speaker 1: crying wolf or something like that. Like, nobody is exactly clear. 372 00:18:00,080 --> 00:18:02,679 Speaker 1: Nobody wants to miss out on the gains. But the richest, 373 00:18:02,720 --> 00:18:05,560 Speaker 1: some of the richest fund managers in the world, they're 374 00:18:05,600 --> 00:18:08,120 Speaker 1: taking profit they're selling and they're saying, hey, that's enough, 375 00:18:08,160 --> 00:18:09,919 Speaker 1: We're going to take the cash. Yeah, what it is 376 00:18:09,960 --> 00:18:11,240 Speaker 1: that makes me very nervous. 377 00:18:13,920 --> 00:18:16,280 Speaker 2: A lot of the logic of it is people don't 378 00:18:16,280 --> 00:18:18,320 Speaker 2: want to be left on the sidelines because think of 379 00:18:18,440 --> 00:18:21,760 Speaker 2: what has been advertised as the end state of AI 380 00:18:21,920 --> 00:18:24,359 Speaker 2: is one of these companies is going to reach AGI 381 00:18:24,480 --> 00:18:26,879 Speaker 2: and that's going to change everything and the you know, 382 00:18:26,960 --> 00:18:29,720 Speaker 2: the company and the founders or the CEO, the executives, 383 00:18:29,760 --> 00:18:32,760 Speaker 2: whoever's in charge at that time that are you know, 384 00:18:32,840 --> 00:18:35,240 Speaker 2: in charge of that company. When they achieve AGI, not 385 00:18:35,280 --> 00:18:37,720 Speaker 2: only are they going to become tremendously wealthy, they're also 386 00:18:37,720 --> 00:18:41,200 Speaker 2: going to become tremendously powerful, like tremendously powerful in a 387 00:18:41,240 --> 00:18:45,000 Speaker 2: way that has never we've never seen before in the 388 00:18:45,040 --> 00:18:48,240 Speaker 2: history of the planet type of powerful if the promise 389 00:18:48,320 --> 00:18:50,160 Speaker 2: lives up to what they're holding out. 390 00:18:50,640 --> 00:18:52,440 Speaker 3: So, yeah, these guys who. 391 00:18:52,359 --> 00:18:57,879 Speaker 2: Are megalomaniacs want to make sure that they are have 392 00:18:57,960 --> 00:19:00,280 Speaker 2: a stake in the winning team when that it all 393 00:19:00,320 --> 00:19:02,680 Speaker 2: comes to pass. Now it's possible, it never does come 394 00:19:02,720 --> 00:19:05,080 Speaker 2: to pass. Our guest today will say, you know, he 395 00:19:05,119 --> 00:19:06,960 Speaker 2: thinks it is he believes that they are going to 396 00:19:07,000 --> 00:19:08,960 Speaker 2: get to that point, but it's possible they never do 397 00:19:09,040 --> 00:19:10,919 Speaker 2: get to that point, that it stays sort of in 398 00:19:10,960 --> 00:19:13,119 Speaker 2: the realm of what it is now, which is still 399 00:19:13,160 --> 00:19:15,239 Speaker 2: causing a lot of havoc and displacement and a lot 400 00:19:15,280 --> 00:19:18,440 Speaker 2: of significant consequences, a quiet time in the labor market, 401 00:19:18,480 --> 00:19:20,840 Speaker 2: as Kevin has to put it. But it's possibly, you know, 402 00:19:20,880 --> 00:19:22,600 Speaker 2: that's the sort of thing like we could as a 403 00:19:22,600 --> 00:19:25,520 Speaker 2: society sort of metabolize and deal with with, you know, 404 00:19:25,600 --> 00:19:29,040 Speaker 2: significant pain, but we could deal with over time. They 405 00:19:29,040 --> 00:19:32,679 Speaker 2: don't want to be left out of the big seismic 406 00:19:32,800 --> 00:19:37,600 Speaker 2: revolution that they think is possible here with AI. So 407 00:19:38,000 --> 00:19:40,520 Speaker 2: that's why even as everybody knows that this is a 408 00:19:40,520 --> 00:19:42,600 Speaker 2: bubble in some sense, but why the money is going 409 00:19:42,640 --> 00:19:45,840 Speaker 2: to continue to pour in is because of that dynamic. 410 00:19:46,440 --> 00:19:49,040 Speaker 2: The last piece we have here is you know, getting 411 00:19:49,080 --> 00:19:50,879 Speaker 2: back to the nuts and bolts of people's lives, and 412 00:19:50,920 --> 00:19:53,960 Speaker 2: obviously the data center buildoun has a huge impact on 413 00:19:54,000 --> 00:19:58,240 Speaker 2: that as well. Republicans increasingly blamed for poor economic conditions. 414 00:19:58,280 --> 00:20:00,040 Speaker 2: We can put a six up on the screen. This 415 00:20:00,000 --> 00:20:03,560 Speaker 2: This is an area where Republicans traditionally have an advantage 416 00:20:03,800 --> 00:20:07,400 Speaker 2: on the economy. Trump specifically has had a major advantage 417 00:20:07,400 --> 00:20:10,880 Speaker 2: on the economy that's been his consistent strength up until 418 00:20:11,080 --> 00:20:15,159 Speaker 2: this term, and now according to this NRCC polster. So, 419 00:20:15,200 --> 00:20:17,840 Speaker 2: this is a Republican polster for the first time in 420 00:20:17,880 --> 00:20:21,520 Speaker 2: two years, voters whose top priorities inflation and the economy 421 00:20:22,000 --> 00:20:26,040 Speaker 2: now prefer a generic Democrat for Congress by thirteen points 422 00:20:26,520 --> 00:20:29,159 Speaker 2: over a Republican. And I'm not sure if it was 423 00:20:29,160 --> 00:20:32,640 Speaker 2: by this polster or a separate one they pulled specifically 424 00:20:32,720 --> 00:20:36,120 Speaker 2: on Okay, who do you blame for healthcare price increases? Overwhelmingly? 425 00:20:36,200 --> 00:20:38,680 Speaker 2: People said the GOP. Who do you blame for electric 426 00:20:38,720 --> 00:20:42,280 Speaker 2: bill increases? Overwhelmingly? People said the GOP. So if you 427 00:20:42,320 --> 00:20:45,639 Speaker 2: want to know why the election was so incredibly lopsided 428 00:20:45,680 --> 00:20:48,320 Speaker 2: this year, and why I think Republicans are had to 429 00:20:48,359 --> 00:20:51,920 Speaker 2: for yet another significant reckoning in the midterm elections, you'd 430 00:20:51,960 --> 00:20:54,280 Speaker 2: be hard pressed to find a better explanation than this one. 431 00:20:54,920 --> 00:20:57,560 Speaker 1: Yeah, no, I mean the economy. Look, people always blame 432 00:20:57,600 --> 00:21:00,040 Speaker 1: the party in power. That's what Biden was blamed for 433 00:20:59,840 --> 00:21:03,800 Speaker 1: four years. And as I said four years ago, almost 434 00:21:03,800 --> 00:21:05,760 Speaker 1: to the day, you have to be appear as if 435 00:21:05,800 --> 00:21:09,040 Speaker 1: you're doing something about it, as if you care about it, 436 00:21:09,080 --> 00:21:11,480 Speaker 1: and instead you know you're blocked. It's that's why the 437 00:21:11,480 --> 00:21:15,439 Speaker 1: epscene thing is important, because you're blocking that while also 438 00:21:15,680 --> 00:21:19,760 Speaker 1: seemingly not doing much for me and obsessing over your 439 00:21:19,760 --> 00:21:22,920 Speaker 1: own personal quest to get the Nobel Peace Prize because 440 00:21:22,960 --> 00:21:26,640 Speaker 1: you've ended ninety wars now or whatever. At this point, 441 00:21:26,720 --> 00:21:29,920 Speaker 1: right the Democratic Republic, everyone is celebrating, of course, the 442 00:21:30,040 --> 00:21:33,439 Speaker 1: end of potential end or whatever of that conflict. But 443 00:21:34,000 --> 00:21:36,760 Speaker 1: that stuff, you know, the narcissism and all that, people 444 00:21:36,760 --> 00:21:39,399 Speaker 1: can deal with a lot as long as thing or 445 00:21:39,680 --> 00:21:42,800 Speaker 1: economy is doing well. The classic bumper sticker of the 446 00:21:42,840 --> 00:21:45,199 Speaker 1: Trump era or the Biden era was could use some 447 00:21:45,280 --> 00:21:47,679 Speaker 1: mean tweets right now as long as the gas was 448 00:21:47,960 --> 00:21:50,399 Speaker 1: two dollars. And it's like, well, the whole point beyond 449 00:21:50,440 --> 00:21:53,360 Speaker 1: that is I don't care about the personal conduct or whatever, 450 00:21:53,480 --> 00:21:56,400 Speaker 1: as long as things are going well in my life. 451 00:21:56,400 --> 00:21:58,480 Speaker 1: And it's like, well things aren't going well in your life, well, 452 00:21:58,560 --> 00:22:01,200 Speaker 1: then that stuff actually all really does start to matter. 453 00:22:01,320 --> 00:22:04,280 Speaker 1: That seems to be the overall endpoint for a lot 454 00:22:04,280 --> 00:22:05,879 Speaker 1: of this. And look, I don't know, I mean, you know, 455 00:22:05,960 --> 00:22:08,199 Speaker 1: you don't want to read too much into a single 456 00:22:08,280 --> 00:22:11,520 Speaker 1: day movements, but there's just been like slow kind of 457 00:22:11,560 --> 00:22:14,000 Speaker 1: movements in the s and P five hundred. There was one. 458 00:22:14,080 --> 00:22:15,760 Speaker 3: Yesterday, there was a drop morning. 459 00:22:15,840 --> 00:22:18,320 Speaker 1: Futures are down again this morning, we're not. You know, 460 00:22:18,440 --> 00:22:21,880 Speaker 1: things can change literally on a dime here, but Federal 461 00:22:21,920 --> 00:22:23,600 Speaker 1: Reserve doesn't look like it's going to step in and 462 00:22:23,640 --> 00:22:28,359 Speaker 1: do anything drastic anytime soon, right, So things generally seem 463 00:22:28,440 --> 00:22:31,639 Speaker 1: to be in stasis for now, and stasis is trending 464 00:22:31,640 --> 00:22:34,240 Speaker 1: in a down direction. If you look at house balance sheet, 465 00:22:34,440 --> 00:22:38,640 Speaker 1: housing and more, nobody is planning anything radically to save you. 466 00:22:38,720 --> 00:22:41,480 Speaker 1: In fact, they're probably planning something radical in the opposite direction, 467 00:22:41,480 --> 00:22:43,879 Speaker 1: which I'll get to it in property tax bit like. 468 00:22:44,200 --> 00:22:46,800 Speaker 1: If anything, the people who are at the top of 469 00:22:46,880 --> 00:22:49,480 Speaker 1: the status quo are doing everything they possibly can to 470 00:22:49,560 --> 00:22:52,200 Speaker 1: preserve said status quo, and in a way, I think 471 00:22:52,200 --> 00:22:56,359 Speaker 1: there they are girding themselves for a potential crash to 472 00:22:56,520 --> 00:22:59,840 Speaker 1: insulate them from any potential chaos and make it so 473 00:22:59,880 --> 00:23:02,880 Speaker 1: the younger people and the new generation will not only 474 00:23:02,920 --> 00:23:05,199 Speaker 1: bear the entire brunt, but will be the ones who 475 00:23:05,240 --> 00:23:07,880 Speaker 1: are totally screwed. Yeah, while they're completely. 476 00:23:07,440 --> 00:23:08,400 Speaker 3: Safe, I mean it's work. 477 00:23:08,440 --> 00:23:10,560 Speaker 2: When you think about the AI aspect, it's much worse 478 00:23:10,600 --> 00:23:13,160 Speaker 2: than the status quo because they're actively planning and celebrating 479 00:23:13,160 --> 00:23:14,119 Speaker 2: feeding you to the wolves. 480 00:23:14,200 --> 00:23:15,040 Speaker 3: I mean, that's what Kevin. 481 00:23:15,119 --> 00:23:17,200 Speaker 2: Kevin has it is saying, it's like, oh, it's great 482 00:23:17,320 --> 00:23:19,440 Speaker 2: that these they don't have to hire these kids out 483 00:23:19,440 --> 00:23:23,280 Speaker 2: in college anymore. That's that's great. It's improved productivity. That 484 00:23:23,440 --> 00:23:26,239 Speaker 2: is their goal. Like their goal is to make it 485 00:23:26,280 --> 00:23:29,760 Speaker 2: so that you are irrelevant. Your labor is relevant, like 486 00:23:29,800 --> 00:23:32,640 Speaker 2: forget about chief labor. They want no labor. They want, 487 00:23:32,680 --> 00:23:34,680 Speaker 2: you know, to hand as much off to the robots 488 00:23:34,680 --> 00:23:39,080 Speaker 2: as they possibly can. That's their goal. That's the stated 489 00:23:39,160 --> 00:23:42,399 Speaker 2: goal of all of these tech executives. That's you know, 490 00:23:42,400 --> 00:23:44,440 Speaker 2: when you want to ask yourself the question, Okay, these 491 00:23:44,480 --> 00:23:48,119 Speaker 2: trillion dollar you know spend that open Ai has planned, 492 00:23:48,160 --> 00:23:51,320 Speaker 2: and these other companies you know somewhere similar ballpark figures. 493 00:23:51,000 --> 00:23:53,240 Speaker 3: As well, how are they going to make that money. 494 00:23:53,480 --> 00:23:55,760 Speaker 2: It's not going to come from you and me signing 495 00:23:55,840 --> 00:23:58,600 Speaker 2: up for you know, a chat GPT subscription. No, it's 496 00:23:58,640 --> 00:24:01,439 Speaker 2: going to come from giant companies who are willing to 497 00:24:01,480 --> 00:24:04,080 Speaker 2: pay large sums of money to get rid of you, 498 00:24:04,720 --> 00:24:07,480 Speaker 2: to get rid of your labor. That is what they're 499 00:24:07,480 --> 00:24:10,600 Speaker 2: betting on, and that's what this administration has gone whole 500 00:24:10,720 --> 00:24:13,440 Speaker 2: hog behind. This is a central driving force, if not 501 00:24:13,640 --> 00:24:16,480 Speaker 2: the driving force, of this administration. That's why these guys 502 00:24:16,520 --> 00:24:18,359 Speaker 2: gave Trump so much money, That's why they did so 503 00:24:18,440 --> 00:24:20,800 Speaker 2: much for him for his election. You know, they're also 504 00:24:21,000 --> 00:24:23,720 Speaker 2: sort of directly involved in the massive amount of wealth 505 00:24:23,760 --> 00:24:25,240 Speaker 2: that he's accumulated. 506 00:24:24,680 --> 00:24:25,960 Speaker 3: Through his crypto scam. 507 00:24:26,320 --> 00:24:29,720 Speaker 2: Like this is the play, and so you know when 508 00:24:29,800 --> 00:24:33,000 Speaker 2: Kevin has it comes down, it is openly celebrating and 509 00:24:33,160 --> 00:24:39,040 Speaker 2: justifying significant layoffs and lack of hiring because of AI development. 510 00:24:39,200 --> 00:24:41,040 Speaker 3: Everyone needs to pay attention. 511 00:24:40,680 --> 00:24:43,639 Speaker 2: To what their actual goals are and the way that 512 00:24:43,720 --> 00:24:46,800 Speaker 2: they are using policy and executive orders and funding and 513 00:24:46,840 --> 00:24:49,959 Speaker 2: financing and relationships to build this whole thing out. And 514 00:24:50,000 --> 00:24:51,560 Speaker 2: thank you for the flag about that they're trying to 515 00:24:51,600 --> 00:24:54,399 Speaker 2: do this thing again. Of the States can't regulate AI, 516 00:24:54,480 --> 00:24:58,040 Speaker 2: which is absolutely insane, and everything he needs the rooftops 517 00:24:58,040 --> 00:24:58,359 Speaker 2: about this. 518 00:24:58,480 --> 00:25:01,359 Speaker 1: That's why I'm not I'm not exactly sold on the 519 00:25:01,400 --> 00:25:04,200 Speaker 1: master Plan because I don't think it is I genuinely 520 00:25:04,200 --> 00:25:07,760 Speaker 1: think it is an absolute alliance of convenience and of stupidity. 521 00:25:07,760 --> 00:25:10,480 Speaker 1: Republicans are dumb, and they like money, right, and they 522 00:25:10,520 --> 00:25:14,159 Speaker 1: want job creators or whatever. Now Elon and all the 523 00:25:14,200 --> 00:25:16,480 Speaker 1: rest of these people, no question, Okay, of course they're 524 00:25:16,560 --> 00:25:18,520 Speaker 1: sucking up to Trump to try and get as much 525 00:25:18,560 --> 00:25:19,800 Speaker 1: out of it. A lot of is to try off 526 00:25:19,960 --> 00:25:23,000 Speaker 1: hold off regulation and basically to convince them that they're 527 00:25:23,000 --> 00:25:25,560 Speaker 1: the single driving enging of the economy. And I think 528 00:25:25,560 --> 00:25:28,560 Speaker 1: that is true. It also aligns with their overall posture 529 00:25:28,600 --> 00:25:32,639 Speaker 1: towards deregulation itself, because that's something like built into the 530 00:25:32,680 --> 00:25:35,840 Speaker 1: Republican psyche. What they mostly want is to be left alone. 531 00:25:35,880 --> 00:25:39,280 Speaker 1: I think that's bad. I mean, especially Sam Altman and 532 00:25:39,320 --> 00:25:43,159 Speaker 1: Mark Zuckerberg and Dario. I mean Dario, he just goes 533 00:25:43,320 --> 00:25:44,960 Speaker 1: on TV and he's like, none of you are gonna 534 00:25:44,960 --> 00:25:46,879 Speaker 1: be working in five years, and everyone's just supposed to 535 00:25:46,880 --> 00:25:49,720 Speaker 1: accept that as they're like, oh, okay, got it right. 536 00:25:49,800 --> 00:25:52,320 Speaker 1: I mean, they genuinely act as if they're going to 537 00:25:52,359 --> 00:25:56,439 Speaker 1: face no consequences, and so yeah, I mean, I just 538 00:25:56,480 --> 00:25:56,760 Speaker 1: to be. 539 00:25:56,760 --> 00:25:59,360 Speaker 2: Clear, I don't think Trump gives a shit about any 540 00:25:59,400 --> 00:26:02,080 Speaker 2: of it at all, Like he cares about the stock 541 00:26:02,119 --> 00:26:05,000 Speaker 2: market keeps going on. But you know, I think he 542 00:26:05,040 --> 00:26:07,320 Speaker 2: wanted to stay on prison and get back in the 543 00:26:07,320 --> 00:26:10,320 Speaker 2: White House, and these guys were willing to throw tons 544 00:26:10,359 --> 00:26:13,119 Speaker 2: of cash at him, and he's checked out of this 545 00:26:13,200 --> 00:26:17,000 Speaker 2: administration handed off significant chunks of it to other aids, 546 00:26:17,080 --> 00:26:19,720 Speaker 2: whether it's you know, Steven Miller, Mark Rubio or whoever. 547 00:26:20,119 --> 00:26:22,679 Speaker 2: And so yeah, I'm not saying like that he's a 548 00:26:22,720 --> 00:26:25,680 Speaker 2: devoted AI acolyte. I don't think he gives a shit. 549 00:26:25,960 --> 00:26:27,800 Speaker 2: But I think he's turned this whole part of his 550 00:26:27,840 --> 00:26:32,040 Speaker 2: administration over to these tech oligarchs and basically sold his presidency, 551 00:26:32,080 --> 00:26:35,000 Speaker 2: this aspect of his presidency, to them, and they're going 552 00:26:35,080 --> 00:26:37,240 Speaker 2: to get whatever they want from him. I mean the 553 00:26:37,440 --> 00:26:40,399 Speaker 2: H one B conversations like fits in that right. And 554 00:26:40,480 --> 00:26:42,560 Speaker 2: you you flagged at the time when he went on 555 00:26:42,600 --> 00:26:44,520 Speaker 2: the All In podcast during the campaign and was like, 556 00:26:44,520 --> 00:26:49,119 Speaker 2: I'm gonna staple the visas to the diploma, and you 557 00:26:49,160 --> 00:26:51,720 Speaker 2: were like, what how does this fit with the other 558 00:26:51,760 --> 00:26:53,960 Speaker 2: things that he said. Now, listen, you guys, you know 559 00:26:54,000 --> 00:26:56,639 Speaker 2: I'm pro immigrant. I am also pro major reform of 560 00:26:56,680 --> 00:26:59,639 Speaker 2: the H one B program, which is genuinely exploitative and 561 00:27:00,040 --> 00:27:03,919 Speaker 2: undercuts does undercut native tech workers as well. So for 562 00:27:04,040 --> 00:27:05,840 Speaker 2: him to come out now and be like, I want 563 00:27:05,880 --> 00:27:10,360 Speaker 2: six hundred thousand Chinese students in our universities and I'm 564 00:27:10,400 --> 00:27:14,600 Speaker 2: still pro h one. B Ask yourself the question, why 565 00:27:14,640 --> 00:27:17,400 Speaker 2: are these two things so dissonant from the other things 566 00:27:17,400 --> 00:27:19,800 Speaker 2: that he said on the campaign trail, And it's because 567 00:27:19,840 --> 00:27:22,520 Speaker 2: it's what these tech oligarchs want. He's going to do 568 00:27:22,680 --> 00:27:25,120 Speaker 2: whatever it is that they want. He sold this part 569 00:27:25,119 --> 00:27:28,000 Speaker 2: of his presidency to him, to them, to me. That's 570 00:27:28,040 --> 00:27:31,840 Speaker 2: just like abundantly clear. And those answers to Laura Ingram 571 00:27:31,920 --> 00:27:35,040 Speaker 2: are just one example, one, you know, small but significant 572 00:27:35,119 --> 00:27:39,320 Speaker 2: example of the way that he has outsourced this whole 573 00:27:39,359 --> 00:27:42,760 Speaker 2: part of his presidency, which is unbelievably important to literally 574 00:27:42,840 --> 00:27:45,879 Speaker 2: all of us, to the worst people in the world. 575 00:27:46,080 --> 00:27:48,920 Speaker 1: Yeah, I mean, well, they seem uncowed and they definitely 576 00:27:48,920 --> 00:27:50,800 Speaker 1: seem to have a lot of power, which is part 577 00:27:50,920 --> 00:27:56,120 Speaker 1: of the problem. Speaking worst people in the world, what's 578 00:27:56,160 --> 00:27:57,320 Speaker 1: going on with larious? 579 00:27:57,440 --> 00:28:01,000 Speaker 2: Right, So, Larry Summers, former Chargery secretary, has been basically 580 00:28:01,160 --> 00:28:04,680 Speaker 2: the scene of every great economic crime in our recent past, 581 00:28:04,720 --> 00:28:07,400 Speaker 2: whether it's a bank balance, whether it's NAFTA. You could 582 00:28:07,440 --> 00:28:10,800 Speaker 2: go on and on with him, continues to have tons 583 00:28:10,800 --> 00:28:14,840 Speaker 2: of influence for unknowable reasons within the Democratic Party and 584 00:28:15,200 --> 00:28:18,040 Speaker 2: was part of this Center for American Progress, pushed to 585 00:28:18,080 --> 00:28:20,000 Speaker 2: create their own, you know, they were like, oh, the 586 00:28:20,000 --> 00:28:22,159 Speaker 2: Republicans did Project twenty twenty five, We're going to do 587 00:28:22,280 --> 00:28:25,880 Speaker 2: Project twenty twenty nine. So he was very influential part 588 00:28:25,920 --> 00:28:28,679 Speaker 2: of this development within Center for American Progress of the 589 00:28:28,760 --> 00:28:32,480 Speaker 2: economic plank of Project twenty twenty nine, which is terrible, 590 00:28:32,520 --> 00:28:34,880 Speaker 2: and it's part of the Centrists and the corporatists trying 591 00:28:34,920 --> 00:28:37,680 Speaker 2: to keep a hold on the Democratic Party even as 592 00:28:37,680 --> 00:28:40,360 Speaker 2: the base revolt against them. And Zorn m Donnie is 593 00:28:40,360 --> 00:28:43,280 Speaker 2: the most popular figure in the Democratic Party. So lo 594 00:28:43,440 --> 00:28:46,600 Speaker 2: and behold, this isn't a big surprise. We knew Larry 595 00:28:46,640 --> 00:28:49,920 Speaker 2: Summers had a significant relationship with Jeffrey Epstein, which he 596 00:28:50,040 --> 00:28:52,720 Speaker 2: apologized for in the past. But this man is all 597 00:28:52,760 --> 00:28:55,680 Speaker 2: over the Epstein emails that just came out. One of 598 00:28:55,680 --> 00:28:58,440 Speaker 2: the central characters. Trump is mentioned a lot more, but 599 00:28:58,520 --> 00:29:01,400 Speaker 2: Larry Summers is mentioned a lot. And we have direct emails. 600 00:29:01,600 --> 00:29:04,680 Speaker 2: Unlike with Trump, we have direct emails between Larry Summers 601 00:29:05,040 --> 00:29:07,960 Speaker 2: and Jeffrey Epstein that come out of this and they 602 00:29:08,000 --> 00:29:10,840 Speaker 2: I'll show you some of them. They're pretty wild, the 603 00:29:10,880 --> 00:29:14,480 Speaker 2: sort he was getting like relationship advice to chase after 604 00:29:14,800 --> 00:29:16,360 Speaker 2: some lady while he's married. 605 00:29:16,400 --> 00:29:18,680 Speaker 3: By the way, from Jeffrey freaking. 606 00:29:18,400 --> 00:29:21,760 Speaker 2: Epstein and was messaging with him right up until he 607 00:29:21,880 --> 00:29:25,000 Speaker 2: is put in literal prison, So very. 608 00:29:24,880 --> 00:29:25,880 Speaker 3: Deep relationship with him. 609 00:29:25,920 --> 00:29:28,160 Speaker 2: Okay, So after all of this came out, there's a 610 00:29:28,160 --> 00:29:30,560 Speaker 2: bunch of public pressure, and he is now as of 611 00:29:30,720 --> 00:29:33,800 Speaker 2: yesterday afternoon or evening, could be one up on the screen, 612 00:29:34,160 --> 00:29:36,960 Speaker 2: he is now announced that he is going to step 613 00:29:37,080 --> 00:29:41,400 Speaker 2: back from all public commitments in light of those messages 614 00:29:41,440 --> 00:29:45,080 Speaker 2: that were revealed, with Epstein saying he is deeply ashamed 615 00:29:45,520 --> 00:29:50,320 Speaker 2: and hopes to quote rebuild trust and repair relationships. He will, however, 616 00:29:50,400 --> 00:29:53,800 Speaker 2: continue teaching at Harvard. Let's put the next piece up. 617 00:29:53,680 --> 00:29:54,200 Speaker 3: On the screen. 618 00:29:54,280 --> 00:29:57,440 Speaker 2: American Prospect has been doing some fantastic reporting here. I 619 00:29:57,440 --> 00:29:59,280 Speaker 2: have to think that some of the pressure that came 620 00:29:59,320 --> 00:30:02,360 Speaker 2: from Daniel b Augus Law here at American Prospect and others. 621 00:30:02,440 --> 00:30:07,600 Speaker 2: Ryan also highlighting his emails and also some Chinese government 622 00:30:07,600 --> 00:30:08,320 Speaker 2: official connections. 623 00:30:08,360 --> 00:30:09,280 Speaker 3: I'll get to that in a moment. 624 00:30:09,640 --> 00:30:12,320 Speaker 2: But they talked here about the way he was guiding 625 00:30:12,560 --> 00:30:15,480 Speaker 2: this project at the Center for American Progress. So, according 626 00:30:15,480 --> 00:30:17,760 Speaker 2: to people with knowledge of the arrangement, one of the 627 00:30:17,840 --> 00:30:21,000 Speaker 2: leads on the economic policy plank for the project twenty 628 00:30:21,080 --> 00:30:24,240 Speaker 2: twenty nine project is Harvard professor and former Treasury Secretary 629 00:30:24,320 --> 00:30:27,560 Speaker 2: Larry Summers, who has now been exposed as regularly exchanging 630 00:30:27,600 --> 00:30:30,080 Speaker 2: emails about his personal life with the notorious sex trafficker 631 00:30:30,160 --> 00:30:33,960 Speaker 2: Jeffrey Epstein. Officially, Summers has the title of Distinguished Senior 632 00:30:34,000 --> 00:30:37,200 Speaker 2: Fellow at CAP. All three sources confirmed CAP is compiling 633 00:30:37,240 --> 00:30:40,240 Speaker 2: a policy blueprint in the event of the Democratic presidential 634 00:30:40,320 --> 00:30:42,760 Speaker 2: victory in the next election. Summers had taken a leadership 635 00:30:42,840 --> 00:30:45,440 Speaker 2: role in advising the project's economic policy arm to the 636 00:30:45,480 --> 00:30:48,000 Speaker 2: sources said. They also said Summers was the final sign 637 00:30:48,000 --> 00:30:51,600 Speaker 2: off on a CAP housing policy paper set to be 638 00:30:51,800 --> 00:30:56,120 Speaker 2: released next week, and they have CAP has now confirmed 639 00:30:56,480 --> 00:30:58,840 Speaker 2: that is part of his announcement that he will be 640 00:30:58,880 --> 00:31:02,800 Speaker 2: stepping back, so from public commitments. He is also stepping back, 641 00:31:02,920 --> 00:31:06,040 Speaker 2: will no longer be involved with Center for American Progress 642 00:31:06,040 --> 00:31:07,920 Speaker 2: and presumably this policy project. 643 00:31:08,040 --> 00:31:11,959 Speaker 1: Yeah, but I think what's important to note about Summers is, 644 00:31:12,320 --> 00:31:14,520 Speaker 1: first of all, you know, this whole I'm deeply ashamed, 645 00:31:14,600 --> 00:31:16,880 Speaker 1: Like did you really deeply ashamed because he got caught Okay, 646 00:31:17,280 --> 00:31:20,320 Speaker 1: you know, and in terms of his look, you could 647 00:31:20,400 --> 00:31:23,440 Speaker 1: already have judged him on his policy record in the 648 00:31:23,480 --> 00:31:26,840 Speaker 1: Clinton White House or anywhere else as the Trump or 649 00:31:26,880 --> 00:31:31,080 Speaker 1: as the Harvard University president, Like he clearly had a 650 00:31:31,120 --> 00:31:35,640 Speaker 1: long relationship there with Epstein. But what's really disgusting is 651 00:31:36,040 --> 00:31:39,320 Speaker 1: the way, look, remember this is all post sex offender 652 00:31:39,360 --> 00:31:42,480 Speaker 1: conviction number one, number two in terms of larry his 653 00:31:42,520 --> 00:31:46,640 Speaker 1: own wife is apparently sending Epstein recommendations for books including 654 00:31:46,760 --> 00:31:50,520 Speaker 1: Lolita all right, which, if you'll remember, he actually was 655 00:31:50,560 --> 00:31:54,040 Speaker 1: found with a first edition copy of Lolita, which is 656 00:31:54,200 --> 00:31:56,360 Speaker 1: I mean disgusting. Yeah, if you don't know what it is, 657 00:31:56,400 --> 00:32:00,840 Speaker 1: google it, okay, And it's one of those where inside 658 00:32:00,840 --> 00:32:04,640 Speaker 1: of this you know, piece about his lecherous behavior and 659 00:32:05,080 --> 00:32:08,959 Speaker 1: luring this woman and kind of looking to Epstein as 660 00:32:09,040 --> 00:32:12,920 Speaker 1: like this wingman. Literally that's the way that they describe it. 661 00:32:13,000 --> 00:32:16,080 Speaker 1: You're like, this is so repulsive. And I saw it 662 00:32:16,240 --> 00:32:20,160 Speaker 1: very interesting piece in the Rap actually where a columnist 663 00:32:20,280 --> 00:32:22,840 Speaker 1: was coming to grips with the fact. She was like, 664 00:32:22,920 --> 00:32:26,560 Speaker 1: you know, I've long been an insider, and every Thanksgiving 665 00:32:26,920 --> 00:32:30,080 Speaker 1: I am confronted with a relative who believes that the 666 00:32:30,120 --> 00:32:34,440 Speaker 1: world is run by a global pedophile elite. And she's like, 667 00:32:34,520 --> 00:32:39,880 Speaker 1: now it's painful to admit that they were credited. I'm like, yeah, 668 00:32:39,960 --> 00:32:42,840 Speaker 1: it's true. I mean, look, I'm a cynical guy. I've 669 00:32:42,880 --> 00:32:45,440 Speaker 1: lived here for a long time. You hear stories, you know, 670 00:32:45,560 --> 00:32:49,640 Speaker 1: about things and all of that, even not like when 671 00:32:49,680 --> 00:32:52,560 Speaker 1: you really read the Birthday book, it's shocking, Like it's 672 00:32:52,560 --> 00:32:55,040 Speaker 1: shocking to see some of the world's richest, the most 673 00:32:55,040 --> 00:32:58,920 Speaker 1: powerful men, including our current president, past presidents, Oh, Jeffrey, 674 00:32:59,040 --> 00:33:03,360 Speaker 1: I mean Trump, wonderful secret the check thing about the girlfriend, 675 00:33:04,000 --> 00:33:04,920 Speaker 1: the drawings and the. 676 00:33:04,880 --> 00:33:08,440 Speaker 2: Cartoons intentionally child like, the child like probably freak out 677 00:33:08,440 --> 00:33:09,400 Speaker 2: more than any like. 678 00:33:09,440 --> 00:33:11,280 Speaker 1: And remember that I still haven't been able to track 679 00:33:11,320 --> 00:33:13,080 Speaker 1: that guy down. I've been looking for him, the guy 680 00:33:13,080 --> 00:33:15,880 Speaker 1: with the child drawing where it looked like literally some 681 00:33:15,920 --> 00:33:19,959 Speaker 1: eyes wide shut pianists type thing like. It's I'm telling you, 682 00:33:20,200 --> 00:33:22,960 Speaker 1: I tried for days to actually find the guy who 683 00:33:23,040 --> 00:33:25,000 Speaker 1: drew that. I think he lives in Spain, but you know, 684 00:33:25,080 --> 00:33:27,200 Speaker 1: completely unable to find the fact that it hasn't come 685 00:33:27,240 --> 00:33:29,360 Speaker 1: out at this point is kind of weird in my opinion. 686 00:33:29,480 --> 00:33:31,239 Speaker 1: It was a small child at the time that that 687 00:33:31,320 --> 00:33:34,240 Speaker 1: drawing was done. Uh, you'll recall, you know, some of 688 00:33:34,240 --> 00:33:37,720 Speaker 1: the emails that I was reading recently, Epstein replied to 689 00:33:37,760 --> 00:33:39,920 Speaker 1: somebody and was like, please send a picture of you 690 00:33:40,040 --> 00:33:43,920 Speaker 1: and your child always puts a smile on my face. Weird, Sorry, weird, 691 00:33:44,040 --> 00:33:46,880 Speaker 1: all right, weird. It's one of those where you look 692 00:33:46,960 --> 00:33:51,280 Speaker 1: at their own like winking, nodding behavior, not to mention. 693 00:33:51,360 --> 00:33:53,280 Speaker 1: I mean, remember the birthday book. They literally were making 694 00:33:53,360 --> 00:33:56,320 Speaker 1: rape jokes in there. They're like rape fantasies about wearing 695 00:33:56,440 --> 00:33:59,440 Speaker 1: masks with while they're holding guns and knives, about going 696 00:33:59,440 --> 00:34:02,120 Speaker 1: out and like just finding someone to violently rape them. 697 00:34:02,160 --> 00:34:04,760 Speaker 1: Like this is the stuff that they joked about. So like, 698 00:34:04,800 --> 00:34:08,000 Speaker 1: if you're joking about that, what's actually happening I mean 699 00:34:08,320 --> 00:34:12,040 Speaker 1: behind the scenes and from a very very young age. 700 00:34:12,160 --> 00:34:15,640 Speaker 1: So the fact is is Larry Summers was a part 701 00:34:15,680 --> 00:34:18,480 Speaker 1: of that. And what we always try to say is like, yeah, 702 00:34:18,560 --> 00:34:20,680 Speaker 1: the whole point of the Epstein story is it ain't 703 00:34:20,719 --> 00:34:26,680 Speaker 1: just Summers. It's Leon Black, it's Les Wexner, It's Trump, 704 00:34:26,960 --> 00:34:31,600 Speaker 1: it's Bill Clinton, it's Bill Gates, it's the Nobel pe 705 00:34:31,760 --> 00:34:35,520 Speaker 1: Priest Pricipol, it's a bunch of Israeli former prime ministers. 706 00:34:35,640 --> 00:34:39,000 Speaker 1: It's you know anyway, no, no, no, no, it's four that 707 00:34:39,040 --> 00:34:41,319 Speaker 1: he has known connections to. Now in terms of you know, 708 00:34:41,400 --> 00:34:44,440 Speaker 1: potential lectrous behavior, you're right, But in terms of having 709 00:34:44,440 --> 00:34:46,920 Speaker 1: direct connection to we have at least some mentions of 710 00:34:47,000 --> 00:34:49,480 Speaker 1: four separate Israeli prime ministers that he's had a connection 711 00:34:49,560 --> 00:34:53,840 Speaker 1: to Mongolia is president Coate Devoir, the daughter there of 712 00:34:53,880 --> 00:34:57,040 Speaker 1: the leader. I mean, this is paints a picture which 713 00:34:57,280 --> 00:35:00,200 Speaker 1: is I mean it's eyes wide shot literally like it. 714 00:35:00,000 --> 00:35:06,759 Speaker 1: It is a actual representation of a look at the 715 00:35:06,840 --> 00:35:08,360 Speaker 1: end of the day, what do people always say, like 716 00:35:08,400 --> 00:35:12,120 Speaker 1: absolute power corrupts absolutely and so we already know that 717 00:35:12,160 --> 00:35:15,040 Speaker 1: people who are filthy rich live a very different life 718 00:35:15,200 --> 00:35:18,040 Speaker 1: from all of us. In fact, Jess yesterday, I'm one 719 00:35:18,080 --> 00:35:19,839 Speaker 1: of those suckers for one of those Wall Street Journal 720 00:35:19,880 --> 00:35:22,640 Speaker 1: stories which is like how the ultra rich are living 721 00:35:22,680 --> 00:35:25,799 Speaker 1: in luxury and it's like the super rich Miami real 722 00:35:25,880 --> 00:35:29,000 Speaker 1: estate developers just invite a Wall Street Journal reporter along 723 00:35:29,040 --> 00:35:32,600 Speaker 1: with them to brag about their private dinner clubs and 724 00:35:32,640 --> 00:35:35,359 Speaker 1: their jet setting lifestyle. And I was like, wow, people 725 00:35:35,480 --> 00:35:37,359 Speaker 1: not only have no shame, but it's one of those 726 00:35:37,400 --> 00:35:41,120 Speaker 1: where you're like openly bragging about how the richer that 727 00:35:41,160 --> 00:35:43,239 Speaker 1: you are, how pleasant it is to get away from 728 00:35:43,239 --> 00:35:46,239 Speaker 1: as many peasants as possible. I mean, they're like, say 729 00:35:46,239 --> 00:35:47,560 Speaker 1: this shit out in the open. I mean they say 730 00:35:47,600 --> 00:35:50,040 Speaker 1: it in a more polite way. Obviously it's like, oh, well, 731 00:35:50,120 --> 00:35:52,680 Speaker 1: real luxuries, not it whatever. My point is, just like 732 00:35:53,120 --> 00:35:55,920 Speaker 1: they everybody's it's almost just like out in the open 733 00:35:55,960 --> 00:36:00,560 Speaker 1: now at that point. And I mean that's why I 734 00:36:00,600 --> 00:36:02,760 Speaker 1: think the Epstein story matters, is because it just shows 735 00:36:02,760 --> 00:36:07,560 Speaker 1: that they transcend a level above where not even normal 736 00:36:07,600 --> 00:36:11,040 Speaker 1: but like normal ish people are and they act with 737 00:36:11,120 --> 00:36:13,560 Speaker 1: a totally different set of rules, and that set of 738 00:36:13,680 --> 00:36:17,399 Speaker 1: rules corrupts at the sole level, at the financial level, 739 00:36:17,800 --> 00:36:21,399 Speaker 1: government level, truly, and those are the people broadly who 740 00:36:21,440 --> 00:36:24,279 Speaker 1: are in charge of the world's riches and of the 741 00:36:24,280 --> 00:36:27,000 Speaker 1: world's governments. I think we should all grapple with that. 742 00:36:27,400 --> 00:36:29,480 Speaker 2: Yeah, I mean, I think having a bunch of billionaires 743 00:36:29,520 --> 00:36:33,239 Speaker 2: is inconsistent with democracy. I think it does, like you said, 744 00:36:33,280 --> 00:36:38,240 Speaker 2: corrupt you on like a deep foundational level where yeah, 745 00:36:38,280 --> 00:36:41,359 Speaker 2: you just don't see yourself as part of this sea 746 00:36:41,560 --> 00:36:45,600 Speaker 2: of humanity. And there's also this level of decadence and 747 00:36:45,640 --> 00:36:48,360 Speaker 2: boredom that seems to come where it's just like, you know, 748 00:36:48,400 --> 00:36:51,880 Speaker 2: you're just looking for more and more elaborate displays of 749 00:36:51,920 --> 00:36:56,280 Speaker 2: like wealth or opulence or you know, decadence in other ways, 750 00:36:56,760 --> 00:36:59,759 Speaker 2: with Larry Summers in particular. I really want people to 751 00:36:59,840 --> 00:37:02,320 Speaker 2: I don't know if people how much you know about 752 00:37:02,320 --> 00:37:06,239 Speaker 2: this man, but he's sort of the ultimate Washington like 753 00:37:06,560 --> 00:37:08,080 Speaker 2: serious thinker, you. 754 00:37:08,040 --> 00:37:10,360 Speaker 3: Know, very highly esteemed. 755 00:37:10,520 --> 00:37:15,399 Speaker 2: Harvard obviously has advised multiple presidents. He's always consulted Trump. Still, 756 00:37:15,440 --> 00:37:18,320 Speaker 2: would you know, I mean, he's Biden still was talking 757 00:37:18,320 --> 00:37:22,160 Speaker 2: to him. Obviously even now, even even before these emails 758 00:37:22,200 --> 00:37:24,360 Speaker 2: came out, we knew about this relationship with Epstein, but 759 00:37:24,360 --> 00:37:27,040 Speaker 2: Center for American Progress is still bringing him in for 760 00:37:27,080 --> 00:37:30,280 Speaker 2: their economic policy plank. Like he's seen as the ultimate 761 00:37:30,400 --> 00:37:36,279 Speaker 2: like serious economic thinker, especially in democratic circles. And so, 762 00:37:37,080 --> 00:37:40,640 Speaker 2: you know, to have these emails revealed, which are disgusting, 763 00:37:40,840 --> 00:37:43,960 Speaker 2: let's put the next Harvard Crimson tear sheet up on 764 00:37:44,000 --> 00:37:46,400 Speaker 2: the screen, which details some of them. So a summersat 765 00:37:46,520 --> 00:37:50,360 Speaker 2: clandestine relationship with women he called a mentee. Epstein was 766 00:37:50,400 --> 00:37:54,200 Speaker 2: his quote wingman, and Sager used that terminology like that's 767 00:37:54,200 --> 00:37:57,560 Speaker 2: how they referred to it, right, That's not our characterization. 768 00:37:57,640 --> 00:38:01,000 Speaker 2: That was how they refer to this relationship. And so 769 00:38:01,120 --> 00:38:02,759 Speaker 2: I'll read you a little bit of this. They say 770 00:38:02,760 --> 00:38:05,280 Speaker 2: in a sequence of text and emails between November twenty 771 00:38:05,280 --> 00:38:07,759 Speaker 2: eighteen and July fifth, twenty nineteen. What's happens in July 772 00:38:07,840 --> 00:38:11,480 Speaker 2: of twenty nineteen, Soccer Epstein goes to prison, So he's 773 00:38:11,560 --> 00:38:13,800 Speaker 2: emailing this man right up until he goes to prison. 774 00:38:13,920 --> 00:38:16,920 Speaker 2: Summers turned to Epstein for advice on his pursuit of 775 00:38:16,960 --> 00:38:20,759 Speaker 2: this woman, who he described as a mentee. Epstein was 776 00:38:20,800 --> 00:38:23,920 Speaker 2: quick to chime in with assurances and suggestions, describing himself 777 00:38:23,920 --> 00:38:27,640 Speaker 2: in one November twenty eighteen message as summers wingman. Then 778 00:38:27,719 --> 00:38:31,279 Speaker 2: explains how they became public. Summer's correspondence with Epstein, a 779 00:38:31,320 --> 00:38:34,640 Speaker 2: financier who pled guilty to soliciting prostitution for minor in 780 00:38:35,000 --> 00:38:38,240 Speaker 2: two thousand and eight, ends just one day before Epstein 781 00:38:38,320 --> 00:38:43,280 Speaker 2: was arrested on new sex trafficking charges. Together, the messages 782 00:38:43,280 --> 00:38:46,960 Speaker 2: show Summers placed an extraordinary degree of trust in Epstein, 783 00:38:47,080 --> 00:38:49,719 Speaker 2: asking him for help in navigating relationship that blurred the 784 00:38:49,719 --> 00:38:52,600 Speaker 2: boundaries of his professional and personal lives. Again, by the way, 785 00:38:52,760 --> 00:38:56,360 Speaker 2: Larry Summer's married during this entire time. Summers, who was 786 00:38:56,360 --> 00:38:58,680 Speaker 2: married since two thousand and five, told Epstein he thought 787 00:38:58,719 --> 00:39:02,120 Speaker 2: the woman was reluctant to leave him because she valued. 788 00:39:01,719 --> 00:39:03,120 Speaker 3: His professional connections. 789 00:39:03,400 --> 00:39:05,840 Speaker 2: Epstein told him in one June twenty nineteen text, she 790 00:39:05,960 --> 00:39:08,960 Speaker 2: is doomed to be with you think for now I'm 791 00:39:09,000 --> 00:39:13,280 Speaker 2: going nowhere with her except at economics mentor, Summers wrote, 792 00:39:13,400 --> 00:39:15,760 Speaker 2: I think I'm right now in the scene very warmly 793 00:39:15,880 --> 00:39:19,040 Speaker 2: in rear view mirror category. She must be very confused 794 00:39:19,160 --> 00:39:21,320 Speaker 2: or maybe wants to cut me off. But one's professional 795 00:39:21,320 --> 00:39:23,959 Speaker 2: connection a lot, and so holds to it, Summers wrote 796 00:39:23,960 --> 00:39:26,720 Speaker 2: in a March twenty nineteen exchange, explaining why he believed 797 00:39:26,840 --> 00:39:30,760 Speaker 2: she continued to engage with him despite tensions, which listen 798 00:39:31,200 --> 00:39:34,960 Speaker 2: is also disgusting that he knows she doesn't really want 799 00:39:35,000 --> 00:39:38,120 Speaker 2: to be with him romantically, but he has this powerful 800 00:39:38,239 --> 00:39:41,560 Speaker 2: position and sort of hold on her, so he's using 801 00:39:41,640 --> 00:39:45,640 Speaker 2: that to maintain the sexual relationship even though what she 802 00:39:45,719 --> 00:39:49,880 Speaker 2: really wants is actually just the mentee relationship. Is disgusting, 803 00:39:50,000 --> 00:39:52,920 Speaker 2: Like that's what he's acknowledging in these emails to Epstein, 804 00:39:53,000 --> 00:39:54,920 Speaker 2: is like that's the hole that he has on her, 805 00:39:54,960 --> 00:39:57,000 Speaker 2: and that's what he's going to exploit to keep her close. 806 00:39:57,200 --> 00:39:59,440 Speaker 1: It's like a I mean, it's like a parody of 807 00:39:59,480 --> 00:40:01,359 Speaker 1: me too. You know. It's one of those where it's 808 00:40:01,400 --> 00:40:03,280 Speaker 1: like the you bring together. 809 00:40:03,120 --> 00:40:05,080 Speaker 3: Power, the power dynamic yeah. 810 00:40:04,960 --> 00:40:07,520 Speaker 1: Yeah, right, I mean god like and look, you know 811 00:40:07,560 --> 00:40:09,160 Speaker 1: it was a critic and stuff of me too, but 812 00:40:09,239 --> 00:40:10,880 Speaker 1: like some of these people are real, like some of 813 00:40:10,960 --> 00:40:14,440 Speaker 1: these creeps. It started for a reason. I mean, I 814 00:40:14,520 --> 00:40:16,719 Speaker 1: have no other way. Really, dude, describe it. Put some 815 00:40:16,760 --> 00:40:18,480 Speaker 1: of the emails. Let's go to be four, just to 816 00:40:18,480 --> 00:40:21,240 Speaker 1: show everybody. Let's put it up here on the screen again. 817 00:40:21,400 --> 00:40:25,000 Speaker 1: March of twenty nineteen, he says, we talked on the phone. 818 00:40:25,080 --> 00:40:27,920 Speaker 1: Then I can't talk later, didn't think I can talk tomorrow. 819 00:40:27,960 --> 00:40:29,680 Speaker 1: I said, what are you up to? She said, I'm busy. 820 00:40:29,880 --> 00:40:33,080 Speaker 1: I said, awfully, koy you are. Then I said, did 821 00:40:33,120 --> 00:40:35,319 Speaker 1: you really rearrange the weekend we were going to be 822 00:40:35,400 --> 00:40:37,560 Speaker 1: together because guy number three was coming? She said, no, 823 00:40:37,719 --> 00:40:40,160 Speaker 1: is schedule change. After we changed our plans, I said, okay, 824 00:40:40,400 --> 00:40:41,960 Speaker 1: call me when you feel like a tone was not 825 00:40:42,000 --> 00:40:43,560 Speaker 1: a good feeling. I didn't want to be in a 826 00:40:43,600 --> 00:40:47,360 Speaker 1: gift giving competition while being friends without benefits. This is hilarry. 827 00:40:47,480 --> 00:40:50,000 Speaker 1: In March twenty nineteen, how old is he at this point? 828 00:40:50,080 --> 00:40:53,440 Speaker 1: Like sixty something? Epstein, She's smart making you pay for 829 00:40:53,520 --> 00:40:55,960 Speaker 1: past errors. Ignore the daddy. I'm going to go out 830 00:40:55,960 --> 00:40:59,280 Speaker 1: with motorcycle guy you reacted well dot dot dot annoyed, 831 00:40:59,320 --> 00:41:03,000 Speaker 1: shows caring, no whining, show to strength. I mean, yeah, 832 00:41:03,160 --> 00:41:07,319 Speaker 1: like this is literally like I don't know, it's like 833 00:41:07,440 --> 00:41:10,680 Speaker 1: teenage behavior, which weird even at that point. But these 834 00:41:10,719 --> 00:41:13,479 Speaker 1: are sixty year old men who are the ultra rich, 835 00:41:13,600 --> 00:41:16,520 Speaker 1: who are also in Larry Summers case, literally married. I mean, 836 00:41:16,760 --> 00:41:18,400 Speaker 1: I have no idea how he can ever show his 837 00:41:18,440 --> 00:41:22,040 Speaker 1: face in public. Ever. Again, let's go to the next one, Shawe. 838 00:41:22,080 --> 00:41:23,919 Speaker 1: In terms of the emails, same thing. 839 00:41:23,960 --> 00:41:24,120 Speaker 4: You know. 840 00:41:24,200 --> 00:41:27,879 Speaker 1: This was from Larry Summers to this woman who he 841 00:41:27,920 --> 00:41:30,000 Speaker 1: was wooing. He said, I wanted to show how grateful 842 00:41:30,040 --> 00:41:31,799 Speaker 1: I am and have been for your support, also for 843 00:41:31,800 --> 00:41:33,920 Speaker 1: the support of my father's work. This is what she's saying. 844 00:41:34,040 --> 00:41:35,880 Speaker 1: I don't say these things often by hope, he implies. 845 00:41:36,160 --> 00:41:40,000 Speaker 1: You know, it's one of those where he is exploiting 846 00:41:40,320 --> 00:41:43,920 Speaker 1: this relationship and his own past relationship with her father 847 00:41:44,440 --> 00:41:47,480 Speaker 1: to like try to woo this girl. I mean, are 848 00:41:47,520 --> 00:41:49,600 Speaker 1: this woman right at the time? I just think it's 849 00:41:49,640 --> 00:41:50,160 Speaker 1: really sick. 850 00:41:50,280 --> 00:41:53,080 Speaker 2: So this is the woman that it appears the messages 851 00:41:53,200 --> 00:41:57,919 Speaker 2: were about, and so he had this mentee relationship with her. 852 00:41:58,280 --> 00:42:03,040 Speaker 2: But in addition, her dad is a CCP official, So 853 00:42:03,480 --> 00:42:06,239 Speaker 2: you know, I mean, there's just all sorts of layers 854 00:42:06,280 --> 00:42:09,920 Speaker 2: of morally professionally inappropriate. 855 00:42:11,040 --> 00:42:13,080 Speaker 3: I mean, it's it's gross. 856 00:42:13,160 --> 00:42:15,360 Speaker 2: And then the fact that this man is still was 857 00:42:15,440 --> 00:42:18,520 Speaker 2: up until this moment so trusted by so many people 858 00:42:18,560 --> 00:42:21,880 Speaker 2: in power here in DC is extraordinary. Caput B six 859 00:42:22,200 --> 00:42:25,040 Speaker 2: up on the screen here from ze Jalani. 860 00:42:25,120 --> 00:42:26,000 Speaker 3: This was the original. 861 00:42:26,080 --> 00:42:29,160 Speaker 2: He's deeply shamed after new Epstein emails and will pause 862 00:42:29,200 --> 00:42:33,080 Speaker 2: public engagements. So there you go. That's the tale of 863 00:42:33,160 --> 00:42:37,040 Speaker 2: Larry Summers here. But you know, he's just emblematic of 864 00:42:37,239 --> 00:42:40,160 Speaker 2: so many and you know the fact that Epstein had 865 00:42:40,160 --> 00:42:43,520 Speaker 2: these close relationships with people like him who are held 866 00:42:43,560 --> 00:42:46,480 Speaker 2: in such high esteem by so many elites and look 867 00:42:46,520 --> 00:42:49,839 Speaker 2: to for guidance and wisdom and serious person blah blah 868 00:42:49,880 --> 00:42:53,720 Speaker 2: blah is part of how he was able to maintain 869 00:42:54,200 --> 00:42:57,359 Speaker 2: all of his you know, his wealth and his connections 870 00:42:57,400 --> 00:43:01,960 Speaker 2: and his banking relationships. This is one one piece because 871 00:43:02,000 --> 00:43:04,440 Speaker 2: he would people would he would use the fact that like, oh, well, 872 00:43:04,520 --> 00:43:06,440 Speaker 2: Larry Summers truss me, will Bill Gates trust me? Well, 873 00:43:06,440 --> 00:43:09,960 Speaker 2: Elon must trust me, so why wouldn't you? And the 874 00:43:10,000 --> 00:43:12,200 Speaker 2: fact that they all had this cone of silence around 875 00:43:12,239 --> 00:43:14,040 Speaker 2: it is how it perpetuated for. 876 00:43:14,360 --> 00:43:17,000 Speaker 1: So so, and they had no moral standards. I mean again, 877 00:43:17,080 --> 00:43:19,360 Speaker 1: even if somebody was like, hey man, you know so 878 00:43:19,480 --> 00:43:22,080 Speaker 1: and so he's a good guy, I'm like, yeah, maybe, 879 00:43:22,520 --> 00:43:25,640 Speaker 1: and then you do Google search and you see conviction 880 00:43:25,719 --> 00:43:27,640 Speaker 1: for him, like yeah, I'm good. You know, It's like 881 00:43:27,960 --> 00:43:29,400 Speaker 1: it'd be one of those where I'd be like, hey, 882 00:43:29,719 --> 00:43:31,759 Speaker 1: do you know about this? And if they're like, oh, yeah, 883 00:43:31,840 --> 00:43:35,239 Speaker 1: but you know he said she actually was you know, 884 00:43:35,440 --> 00:43:37,920 Speaker 1: she looked eighteen or something, I'd be like, oh, bro, 885 00:43:38,200 --> 00:43:39,520 Speaker 1: like this is not happening. 886 00:43:39,560 --> 00:43:42,279 Speaker 2: And even if so yeah, they led to downplay Alan 887 00:43:42,320 --> 00:43:44,880 Speaker 2: Dershowood still out there downplaying it like oh, you know 888 00:43:44,960 --> 00:43:47,520 Speaker 2: the girl was, she was seventeen, It's just one. They 889 00:43:47,560 --> 00:43:50,480 Speaker 2: were so harsh on him, blah blah blah. But this 890 00:43:50,640 --> 00:43:54,200 Speaker 2: these emails again leading up until literally he's arrested. Day 891 00:43:54,239 --> 00:43:59,040 Speaker 2: before he's arrested and put in prison. They this was 892 00:43:59,080 --> 00:44:02,040 Speaker 2: after Julie Capeer. Yeah, I had done all of her 893 00:44:02,080 --> 00:44:04,440 Speaker 2: reporting for the Miami Herald about how no, there were 894 00:44:04,560 --> 00:44:07,000 Speaker 2: dozens of girls, We're talking down to what the youngest 895 00:44:07,080 --> 00:44:11,160 Speaker 2: was like thirteen. So he got this slap on the wrist. 896 00:44:11,719 --> 00:44:17,759 Speaker 2: Totally rigged and inappropriate, literally illegal sweetheart deal. All of 897 00:44:17,800 --> 00:44:20,600 Speaker 2: that is in the public domain. So even if Larry 898 00:44:20,640 --> 00:44:23,200 Speaker 2: Summers wanted to be tricked by Epstein's you know, oh 899 00:44:23,239 --> 00:44:25,080 Speaker 2: well it was just you know, I hired a prostitute 900 00:44:25,080 --> 00:44:27,320 Speaker 2: once that I didn't know that she wasn't any whatever, 901 00:44:27,360 --> 00:44:30,359 Speaker 2: which is still disgusting, right, But even if you you know, 902 00:44:30,400 --> 00:44:33,120 Speaker 2: wanted to buy that at this point in time, all 903 00:44:33,280 --> 00:44:36,360 Speaker 2: every it's all out there. I mean, we have learned 904 00:44:36,360 --> 00:44:39,640 Speaker 2: more over the years, but the general shape and the 905 00:44:40,120 --> 00:44:43,200 Speaker 2: web of how disgusting this was was out in the 906 00:44:43,200 --> 00:44:46,759 Speaker 2: public record, and he was still seeking relationship advice for 907 00:44:46,840 --> 00:44:48,879 Speaker 2: his affair from this man. 908 00:44:49,040 --> 00:44:52,920 Speaker 1: Yeah, just grotesque again, I mean, they live in a 909 00:44:52,960 --> 00:44:55,040 Speaker 1: different world than the rest of us. I guess I 910 00:44:55,080 --> 00:44:56,399 Speaker 1: don't really have another word for it. 911 00:44:59,280 --> 00:45:01,360 Speaker 2: So we have a bunch updates for you with regard 912 00:45:01,440 --> 00:45:04,920 Speaker 2: to Trump's ice deployments across the country, but wanted to 913 00:45:04,920 --> 00:45:07,239 Speaker 2: start actually with a polling update. Of course, Trump and 914 00:45:07,239 --> 00:45:09,640 Speaker 2: the Republicans took a lot of pride in the gains 915 00:45:09,680 --> 00:45:13,160 Speaker 2: that they made with Latino voters, particularly in this election cycle, 916 00:45:13,160 --> 00:45:15,560 Speaker 2: have really pinned a lot, actually staked a lot on 917 00:45:15,680 --> 00:45:17,879 Speaker 2: this realignment of working class Latino. 918 00:45:17,600 --> 00:45:19,000 Speaker 3: Voters towards Republicans. 919 00:45:19,239 --> 00:45:21,960 Speaker 6: Let's check in on how that's going Latinos on Trump 920 00:45:21,960 --> 00:45:24,080 Speaker 6: and immigration. You know, back a year ago, what do 921 00:45:24,160 --> 00:45:27,440 Speaker 6: we see on the issue of immigration. Latino voters trusted 922 00:45:27,520 --> 00:45:30,319 Speaker 6: Kamala Harris more than Donald Trump, but by just two 923 00:45:30,360 --> 00:45:33,960 Speaker 6: points one two. Look now at Donald Trump's then approvating 924 00:45:34,280 --> 00:45:38,320 Speaker 6: on immigration among Latinos. He is thirty eight points underwater. 925 00:45:38,440 --> 00:45:41,840 Speaker 6: That is a thirty six point shift essentially from where 926 00:45:41,880 --> 00:45:44,480 Speaker 6: we were a year ago. On immigration, Kamala Harris and 927 00:45:44,480 --> 00:45:46,960 Speaker 6: Donald Trump are basically tied on the issue of immigration, 928 00:45:47,239 --> 00:45:51,640 Speaker 6: and now on the issue of immigration, Latinos despise hate 929 00:45:51,680 --> 00:45:55,760 Speaker 6: Donald Trump. Trump's not approparating among Latinos. In early February, again, 930 00:45:55,960 --> 00:45:58,359 Speaker 6: he was just two points underwater. Look at where he 931 00:45:58,440 --> 00:46:03,560 Speaker 6: is now late October minus thirty four points. Thirty four 932 00:46:03,640 --> 00:46:06,799 Speaker 6: points underwater, a shift to thirty two points over the 933 00:46:06,800 --> 00:46:08,359 Speaker 6: course of this year. I should point out this as 934 00:46:08,360 --> 00:46:10,440 Speaker 6: the CBS new Juga pole, but I was looking at 935 00:46:10,480 --> 00:46:12,759 Speaker 6: the Averager polls. I was looking at our own poll 936 00:46:13,320 --> 00:46:17,560 Speaker 6: very similar shift twenty twenty five thirty point shifts on 937 00:46:17,600 --> 00:46:21,520 Speaker 6: the net approval rating away from Donald Trump among Latino's 938 00:46:21,560 --> 00:46:23,839 Speaker 6: overall and what did we learn from the twenty twenty 939 00:46:23,880 --> 00:46:27,200 Speaker 6: five elections. I took the highest Latino percentage area in 940 00:46:27,239 --> 00:46:30,359 Speaker 6: both New Jersey and Virginia. New Jersey, it was Union City. 941 00:46:30,560 --> 00:46:32,560 Speaker 6: Look at this twenty twenty four president of the twenty 942 00:46:32,600 --> 00:46:36,239 Speaker 6: twenty five governor shift. There was a fifty two I'm 943 00:46:36,320 --> 00:46:38,680 Speaker 6: laughing because you never see any numbers like this, A 944 00:46:38,760 --> 00:46:42,120 Speaker 6: fifty two point shift towards Mikey Show from how Kamala 945 00:46:42,160 --> 00:46:45,120 Speaker 6: Harris did on the margin. Mikey Show ran away with this. 946 00:46:45,400 --> 00:46:47,760 Speaker 6: Kamala Harris did win that vote, but by a small margin. 947 00:46:48,520 --> 00:46:50,759 Speaker 6: Mikey Show did fifty two points better. How about in 948 00:46:50,840 --> 00:46:53,920 Speaker 6: Virginia Manasa's Park. Look at that, a twenty two point 949 00:46:53,960 --> 00:46:57,279 Speaker 6: shift towards Abigail Spamberger from how Kamala Harris did. 950 00:46:57,560 --> 00:46:58,680 Speaker 1: Back in twenty twenty four. 951 00:46:58,800 --> 00:47:01,800 Speaker 6: We saw a huge Latino shift in both New Jersey 952 00:47:02,040 --> 00:47:03,000 Speaker 6: and Virginia. 953 00:47:03,120 --> 00:47:04,920 Speaker 2: And I think sagar that Latinos are one of the 954 00:47:04,920 --> 00:47:08,960 Speaker 2: biggest swing blocks in America. Democrats really took for granted that, 955 00:47:09,040 --> 00:47:12,400 Speaker 2: you know, Latino support and also had this very caricaturish 956 00:47:12,520 --> 00:47:15,279 Speaker 2: view of what they wanted in terms of, you know, 957 00:47:15,360 --> 00:47:18,000 Speaker 2: super serving a soft on immigration message and that that 958 00:47:18,000 --> 00:47:20,200 Speaker 2: would be enough to hold them in the coalition forever. 959 00:47:20,560 --> 00:47:22,560 Speaker 2: And you and I have been tracking, you know, especially 960 00:47:22,600 --> 00:47:25,560 Speaker 2: in twenty twenty you saw these significant shifts down in 961 00:47:25,600 --> 00:47:28,759 Speaker 2: Texas and Rio Grand Valley. Then you saw in twenty 962 00:47:28,840 --> 00:47:31,320 Speaker 2: twenty four even more shifts towards Trump, and then I 963 00:47:31,360 --> 00:47:34,160 Speaker 2: think Republicans have somewhat made the mistake of just assuming 964 00:47:34,200 --> 00:47:36,319 Speaker 2: that like, oh, now they're in our coalition and that's 965 00:47:36,320 --> 00:47:37,560 Speaker 2: it and nothing is going to change. 966 00:47:37,560 --> 00:47:39,640 Speaker 1: It's just especially true in Texas where a lot of 967 00:47:39,640 --> 00:47:43,800 Speaker 1: the jerrymandering relies on the Latino swinge. That's the biggest mistake. 968 00:47:44,160 --> 00:47:47,400 Speaker 1: I mean, look, no constituency should be taken for granted. 969 00:47:47,520 --> 00:47:49,839 Speaker 1: I do also think it's caricaturist to say that it's 970 00:47:49,880 --> 00:47:52,000 Speaker 1: only about immigration. One of the things that we always 971 00:47:52,000 --> 00:47:54,200 Speaker 1: said is, yeah, it turns out Latinos are like everybody 972 00:47:54,200 --> 00:47:57,239 Speaker 1: else and in terms of we care about the economy, 973 00:47:57,400 --> 00:48:00,600 Speaker 1: actually we're not all the same. Actually, a Puerto Rican 974 00:48:00,680 --> 00:48:02,800 Speaker 1: in New York is not the same as a fifth 975 00:48:02,840 --> 00:48:07,319 Speaker 1: generation Mexican Ish guy in South Texas. Turns out, yes 976 00:48:07,360 --> 00:48:10,200 Speaker 1: we may understand each other's language, we're totally different. We 977 00:48:10,239 --> 00:48:13,560 Speaker 1: have totally doing a wants, dreams whatever. Our entire daily 978 00:48:13,600 --> 00:48:17,319 Speaker 1: life is distinctly different than also a Cuban or Paraguayan 979 00:48:17,640 --> 00:48:22,319 Speaker 1: in South Florida and then also a Chicano in Los Angeles. 980 00:48:22,320 --> 00:48:24,839 Speaker 1: Like we're all the same, okay, actually in that we're 981 00:48:24,880 --> 00:48:29,319 Speaker 1: all different, that's it, and mostly we're basically yeah we are. Yeah, 982 00:48:29,600 --> 00:48:32,439 Speaker 1: it's a tutology, but it's true. It's one of those where, yes, 983 00:48:32,560 --> 00:48:35,480 Speaker 1: we are in a massive country, we all individually live 984 00:48:35,760 --> 00:48:38,400 Speaker 1: in our areas where our wants needs can be like 985 00:48:38,600 --> 00:48:41,279 Speaker 1: ish the same, but the circumstances of our life are 986 00:48:41,360 --> 00:48:44,120 Speaker 1: very different. So we generally vote in terms of our 987 00:48:44,120 --> 00:48:47,359 Speaker 1: own interests. And this is why remember the Tony Hinchcliffe thing. 988 00:48:47,360 --> 00:48:49,920 Speaker 1: They're like, oh, Puerto Rican, so they're not going to 989 00:48:49,960 --> 00:48:52,720 Speaker 1: take that. It's like, yeah, actually they voted overwhelmingly for Trump, 990 00:48:52,760 --> 00:48:56,040 Speaker 1: and especially down in South Florida, and it's like, yeah, why, well, 991 00:48:56,080 --> 00:48:58,440 Speaker 1: because it turns out like they're not like little sissies 992 00:48:58,480 --> 00:49:01,920 Speaker 1: that can't take a joke again, just like everyone else. 993 00:49:02,000 --> 00:49:05,320 Speaker 1: So in this case, I think their net on immigration 994 00:49:05,920 --> 00:49:09,520 Speaker 1: in the same way other people are net negative on immigration. 995 00:49:09,560 --> 00:49:12,000 Speaker 1: They're like, this feels chaotic, That's what it's right. 996 00:49:12,040 --> 00:49:14,320 Speaker 2: I mean, I would say that they're may just given 997 00:49:14,360 --> 00:49:17,799 Speaker 2: the racial character of the way the immigration push has 998 00:49:17,880 --> 00:49:22,120 Speaker 2: been executed with the Kavanaugh stops, the number of US 999 00:49:22,160 --> 00:49:25,200 Speaker 2: citizens who happen to look Latino or have Latino surnames 1000 00:49:25,280 --> 00:49:27,640 Speaker 2: or whatever, who have been stopped, who have been arrested, 1001 00:49:27,640 --> 00:49:30,160 Speaker 2: who haven't been believed even when they pull out their 1002 00:49:30,200 --> 00:49:32,799 Speaker 2: driver's license, Like, I think it probably does hit a 1003 00:49:32,800 --> 00:49:35,720 Speaker 2: little extra if you're Latino and you see the way 1004 00:49:36,160 --> 00:49:38,319 Speaker 2: that people who look like you and you know, have 1005 00:49:38,400 --> 00:49:41,800 Speaker 2: similar names come have similar ethnic backgrounds or being targeted. 1006 00:49:41,840 --> 00:49:43,799 Speaker 2: Your communities are the ones that are being you know, 1007 00:49:43,880 --> 00:49:45,960 Speaker 2: most targeted by ICE. Like I do think that that 1008 00:49:46,120 --> 00:49:49,719 Speaker 2: is is certainly a significant factor here as well. But 1009 00:49:49,880 --> 00:49:53,880 Speaker 2: in terms of the latest so you know, Baveno's crew 1010 00:49:54,239 --> 00:49:56,600 Speaker 2: of Customs and Border Patrol, which are the you know, 1011 00:49:56,640 --> 00:49:58,359 Speaker 2: we talk about ICE as kind of a catch hall 1012 00:49:58,440 --> 00:50:01,439 Speaker 2: CBP is actually the most across and Bovino has been 1013 00:50:01,600 --> 00:50:04,480 Speaker 2: He's the one who did the big apartment raid in Chicago, Like, 1014 00:50:04,560 --> 00:50:08,239 Speaker 2: he's been sort of the most wild and and has 1015 00:50:08,280 --> 00:50:12,000 Speaker 2: the most like militarized sort of forces behind him. He 1016 00:50:12,120 --> 00:50:14,800 Speaker 2: also in Chicago, And I think this is part probably 1017 00:50:14,840 --> 00:50:15,920 Speaker 2: of why they're leaving. 1018 00:50:15,680 --> 00:50:16,560 Speaker 3: The city of Chicago. 1019 00:50:16,640 --> 00:50:18,839 Speaker 2: At this point, there were a bunch of court orders 1020 00:50:18,880 --> 00:50:22,240 Speaker 2: that came down to really constrain their use of force, 1021 00:50:22,320 --> 00:50:24,799 Speaker 2: in particular their use of tear gas, which had been 1022 00:50:25,040 --> 00:50:29,560 Speaker 2: totally just wild and indiscriminate. We showed you the video 1023 00:50:29,640 --> 00:50:32,200 Speaker 2: here of them like spraying tear gas into a car 1024 00:50:32,280 --> 00:50:34,359 Speaker 2: that was passing by that had a one year old 1025 00:50:34,600 --> 00:50:37,319 Speaker 2: strapped into the seat. American citizens, by the way, one 1026 00:50:37,400 --> 00:50:39,080 Speaker 2: year old strapped into the seat and they just pepper 1027 00:50:39,080 --> 00:50:41,440 Speaker 2: spray them as they're driving by. So in any case, 1028 00:50:41,440 --> 00:50:42,920 Speaker 2: there had been a bunch of court orders against him. 1029 00:50:42,920 --> 00:50:44,720 Speaker 2: He had to admit in court that he had lied 1030 00:50:44,800 --> 00:50:48,040 Speaker 2: about a number of incidents as well. So they've left Chicago. 1031 00:50:48,440 --> 00:50:50,799 Speaker 2: Now they're in Charlotte. We can put see two up 1032 00:50:50,800 --> 00:50:52,320 Speaker 2: on the screen. This is from a day ago. I 1033 00:50:52,360 --> 00:50:54,320 Speaker 2: don't know what the update is, but US Border Patrol 1034 00:50:54,320 --> 00:50:58,279 Speaker 2: over US eighty one on first date of Charlotte immigration crackdown. 1035 00:50:58,480 --> 00:51:01,000 Speaker 2: We've seen backlash in the community. There's you know, video, 1036 00:51:01,040 --> 00:51:04,280 Speaker 2: similar videos of Chicago coming out as Charlotte, and apparently 1037 00:51:04,320 --> 00:51:06,640 Speaker 2: the idea is to stay there for a relatively short 1038 00:51:06,680 --> 00:51:10,400 Speaker 2: period before heading down to New Orleans. We also have 1039 00:51:10,480 --> 00:51:12,920 Speaker 2: some numbers here about Okay, so, you know, do they 1040 00:51:13,160 --> 00:51:14,640 Speaker 2: get the bad guys in Chicago? 1041 00:51:14,840 --> 00:51:15,600 Speaker 3: Was it all worth it? 1042 00:51:15,680 --> 00:51:18,920 Speaker 2: All the you know, black Hawk helicopters zip tying children 1043 00:51:19,000 --> 00:51:22,880 Speaker 2: pepper spray near Halloween parades, shooting an American citizen it 1044 00:51:22,960 --> 00:51:25,719 Speaker 2: was an activist five times? Was this all worth it? 1045 00:51:25,880 --> 00:51:28,799 Speaker 2: Put C three up on the screen. Two point six 1046 00:51:28,880 --> 00:51:33,880 Speaker 2: percent sixteen people on the list of six hundred and 1047 00:51:33,880 --> 00:51:36,960 Speaker 2: fourteen that had to be provided to the court in 1048 00:51:37,160 --> 00:51:40,319 Speaker 2: one of these cases, two point six percent of them 1049 00:51:40,520 --> 00:51:44,239 Speaker 2: had any criminal history at all. I mean, that is 1050 00:51:44,760 --> 00:51:48,680 Speaker 2: so pathetic, is they said? I think in this article 1051 00:51:48,760 --> 00:51:50,400 Speaker 2: or one of the other ones that I read about this, 1052 00:51:50,560 --> 00:51:53,680 Speaker 2: that you know, normal Chicago PD would in a single 1053 00:51:53,719 --> 00:51:57,080 Speaker 2: weekend come into contact and have dealings with more than 1054 00:51:57,200 --> 00:52:01,759 Speaker 2: sixteen people with criminal records. So when they use all 1055 00:52:01,760 --> 00:52:04,440 Speaker 2: this rhetoric about the worst of the worst, and you know, 1056 00:52:04,520 --> 00:52:07,840 Speaker 2: these are the worst people on the planet, this is 1057 00:52:07,880 --> 00:52:10,640 Speaker 2: what we're actually talking about here. Barely any of these 1058 00:52:10,680 --> 00:52:15,359 Speaker 2: people had criminal histories. In the big apartment breed that 1059 00:52:15,440 --> 00:52:18,080 Speaker 2: they broadcast on social media were so proud of they 1060 00:52:18,080 --> 00:52:22,360 Speaker 2: put out all this propaganda about used the Blackhawk military helicopters, swooping, 1061 00:52:23,160 --> 00:52:26,319 Speaker 2: knockdown doors, dragging out shoulder in the middle of the night, 1062 00:52:26,400 --> 00:52:30,080 Speaker 2: American citizens all the rest. Guess how many people they 1063 00:52:30,160 --> 00:52:34,799 Speaker 2: ended up charging from that zero zero. Again, we were 1064 00:52:34,800 --> 00:52:37,799 Speaker 2: told this building was infested with trender rag trender Raga 1065 00:52:37,800 --> 00:52:40,520 Speaker 2: had taken over this building. It was lawless gang violence. 1066 00:52:40,560 --> 00:52:42,560 Speaker 2: I'm not going to say that there weren't any sort 1067 00:52:42,600 --> 00:52:44,960 Speaker 2: of crimes being committed in the building because people had 1068 00:52:45,000 --> 00:52:47,120 Speaker 2: complained about, you know, drug use and this sorts of 1069 00:52:47,160 --> 00:52:49,360 Speaker 2: thing that was going on. You had a total slum 1070 00:52:49,440 --> 00:52:51,600 Speaker 2: lord who owns the building, who's probably the one who, 1071 00:52:51,600 --> 00:52:53,759 Speaker 2: by the way, who called in ice. What they were 1072 00:52:53,760 --> 00:52:57,960 Speaker 2: able to actually charge though, zero people out of this 1073 00:52:58,160 --> 00:53:01,360 Speaker 2: whole thing. So it's very important for people to understand 1074 00:53:01,680 --> 00:53:05,400 Speaker 2: the way that they will routinely lie and misrepresent what 1075 00:53:05,400 --> 00:53:07,359 Speaker 2: they're doing. And there was also soccer just a big 1076 00:53:07,400 --> 00:53:09,760 Speaker 2: New York Times piece backing up other reporting as well 1077 00:53:09,960 --> 00:53:14,000 Speaker 2: that because DHS has shifted their priorities, the actual you know, 1078 00:53:14,080 --> 00:53:19,120 Speaker 2: investigations into sex trafficking or human trafficking or drug dealing, 1079 00:53:19,280 --> 00:53:22,359 Speaker 2: those sorts of things have fallen by the wayside so 1080 00:53:22,400 --> 00:53:25,120 Speaker 2: that they can pick up Jose at the home depot. 1081 00:53:25,360 --> 00:53:28,239 Speaker 1: I mean, administration doesn't have credibility on this. They haven't 1082 00:53:28,239 --> 00:53:30,759 Speaker 1: a lot of credibility since Seacott, in my opinion, as 1083 00:53:30,800 --> 00:53:32,560 Speaker 1: painful for me you to say, all right, I mean, 1084 00:53:32,719 --> 00:53:35,719 Speaker 1: you know, I like I want deportation, I want law 1085 00:53:35,760 --> 00:53:37,839 Speaker 1: and order. I still think, you know, broadly, I think 1086 00:53:37,880 --> 00:53:41,200 Speaker 1: criminals and all that should be prioritized deported. And I mean, yes, 1087 00:53:41,239 --> 00:53:43,320 Speaker 1: it's great. I know the left is now now a 1088 00:53:43,400 --> 00:53:46,040 Speaker 1: refound love of deporting criminals and illegals, not that they 1089 00:53:46,080 --> 00:53:49,160 Speaker 1: ever actually wanted to under the Biden administration, but okay, 1090 00:53:49,200 --> 00:53:51,839 Speaker 1: you know, cool that we're now accepting that. It's very 1091 00:53:51,840 --> 00:53:55,760 Speaker 1: frustrating to be honest, because you're watching the entire credibility 1092 00:53:55,840 --> 00:54:00,000 Speaker 1: of the ideas behind mass deportation or deportation itself be eroded. 1093 00:54:00,200 --> 00:54:04,239 Speaker 1: This is like an abolished ice activist dream, to be honest, like, 1094 00:54:04,320 --> 00:54:07,840 Speaker 1: you know, you have more political credibility than ever before, 1095 00:54:07,880 --> 00:54:11,160 Speaker 1: and the case of immigration restriction will probably be damaged 1096 00:54:11,200 --> 00:54:14,320 Speaker 1: now for generations to come. I think that's very damaging. 1097 00:54:14,600 --> 00:54:16,440 Speaker 1: And I do blame the administration because they are the 1098 00:54:16,440 --> 00:54:20,399 Speaker 1: people who ultimately have to enact as policy. I think 1099 00:54:20,400 --> 00:54:25,560 Speaker 1: that they've cartoonishly behaved and they're creating more chaos, and 1100 00:54:25,640 --> 00:54:28,160 Speaker 1: so yeah, I mean I've just resigned. I'm like, look, 1101 00:54:28,239 --> 00:54:30,359 Speaker 1: it's I think it's over. Like, I think we've got 1102 00:54:30,360 --> 00:54:33,759 Speaker 1: three and a half years. They'll clownishly, you know, continue 1103 00:54:34,160 --> 00:54:37,160 Speaker 1: this type and then you know, do we have the 1104 00:54:37,239 --> 00:54:38,120 Speaker 1: Cernovich tweet? 1105 00:54:38,400 --> 00:54:38,560 Speaker 5: Yeah? 1106 00:54:39,320 --> 00:54:41,120 Speaker 1: Can we put C five up here on the screen. 1107 00:54:41,840 --> 00:54:44,120 Speaker 1: This has been sticking in my head only I mean 1108 00:54:44,160 --> 00:54:46,799 Speaker 1: I've also been saying it, but what he said. Mike 1109 00:54:47,040 --> 00:54:50,000 Speaker 1: is a prominent conservative activist. He says during a recent 1110 00:54:50,280 --> 00:54:52,840 Speaker 1: visit in DC, the talk of everyone was how overt 1111 00:54:52,880 --> 00:54:54,880 Speaker 1: the corruption was. It's at levels you read about in 1112 00:54:54,920 --> 00:54:58,080 Speaker 1: history books in nearly every department. Lots of do people 1113 00:54:58,120 --> 00:55:01,000 Speaker 1: just think Democrats will never win, they'll all get away 1114 00:55:01,040 --> 00:55:03,120 Speaker 1: with this. And I mean, I think this not just 1115 00:55:03,160 --> 00:55:06,439 Speaker 1: about immigration. I think about this broadly with a lot 1116 00:55:06,520 --> 00:55:08,640 Speaker 1: of the administration. And you can make fun of ask 1117 00:55:09,040 --> 00:55:12,240 Speaker 1: you can make fun all you want. There were lots 1118 00:55:12,360 --> 00:55:16,040 Speaker 1: of well meaning people in the election who voted for 1119 00:55:16,360 --> 00:55:21,719 Speaker 1: legitimate immigration concerns, and ultimately, you know, the crime for 1120 00:55:21,880 --> 00:55:25,160 Speaker 1: people who use those, you know, to then not only 1121 00:55:25,239 --> 00:55:28,640 Speaker 1: enrich themselves but do damage to the cause. It's devastating. 1122 00:55:28,680 --> 00:55:30,920 Speaker 1: I mean, it's one of those where like, look, you know, 1123 00:55:30,960 --> 00:55:33,719 Speaker 1: if you think back for I don't know, let's say 1124 00:55:33,719 --> 00:55:37,319 Speaker 1: Biden any you know, if you believed in those types 1125 00:55:37,360 --> 00:55:39,319 Speaker 1: of politics and then you have a bad leader and 1126 00:55:39,360 --> 00:55:42,440 Speaker 1: a bad administration who does tremendous justice, Like that's a 1127 00:55:42,840 --> 00:55:45,120 Speaker 1: you know, like that's criminal, right actually, because it's really 1128 00:55:45,160 --> 00:55:48,000 Speaker 1: a lot of voters and others, And we talked yesterday 1129 00:55:48,040 --> 00:55:51,479 Speaker 1: about the whole fuenttes like racialism thing. I mean, they're 1130 00:55:51,480 --> 00:55:54,799 Speaker 1: doing everything in their power to try and basically like 1131 00:55:55,120 --> 00:55:59,120 Speaker 1: basically empower this like racialist view of the world. Basically 1132 00:55:59,120 --> 00:56:02,080 Speaker 1: at this point, yeah, I mean, it's honestly, like it's 1133 00:56:02,120 --> 00:56:05,279 Speaker 1: really depressing because what it does show you is how 1134 00:56:05,360 --> 00:56:08,279 Speaker 1: cartoonish like the behavior here is. And look, I'm not 1135 00:56:08,280 --> 00:56:10,200 Speaker 1: going to deny they're real people's lives who are also 1136 00:56:10,280 --> 00:56:12,800 Speaker 1: at stake here. Yeah, I mean, I you know, maintain 1137 00:56:13,440 --> 00:56:15,719 Speaker 1: even if you're quote not a criminal and you became 1138 00:56:15,719 --> 00:56:18,120 Speaker 1: here illegally, I still think you should be deported. But 1139 00:56:18,400 --> 00:56:20,520 Speaker 1: you know, good luck making that argument in the future. 1140 00:56:20,560 --> 00:56:23,680 Speaker 1: If people look at Blackhawk helicopters and all this other stuff, 1141 00:56:23,680 --> 00:56:24,839 Speaker 1: they're going to say at the end of the day, 1142 00:56:24,840 --> 00:56:27,040 Speaker 1: I'm not willing to make that trade off. I'll continue 1143 00:56:27,040 --> 00:56:29,040 Speaker 1: to make the case. I still believe it. But if 1144 00:56:29,040 --> 00:56:31,080 Speaker 1: this is the way that it actually, it's kind of 1145 00:56:31,120 --> 00:56:33,920 Speaker 1: like when people try to defend socialism or whatever, and 1146 00:56:33,960 --> 00:56:36,080 Speaker 1: everyone's always like, well, if you know, look at has 1147 00:56:36,120 --> 00:56:39,239 Speaker 1: it ever worked before? Right? If the practical example that 1148 00:56:39,360 --> 00:56:41,680 Speaker 1: anyone in modern memory can have of this, they're going 1149 00:56:41,719 --> 00:56:45,440 Speaker 1: to be deeply skeptical for generations to come. And I 1150 00:56:45,480 --> 00:56:48,720 Speaker 1: think that, you know, I think my friend Raihan Salam 1151 00:56:48,840 --> 00:56:51,759 Speaker 1: wrote this years ago about Trump and maybe he was right. 1152 00:56:51,920 --> 00:56:54,040 Speaker 1: He wrote it back in twenty fifteen. He's like an 1153 00:56:54,120 --> 00:56:56,960 Speaker 1: og immigration restrictionist and he was like, I think Trump 1154 00:56:57,000 --> 00:56:58,960 Speaker 1: will do damage to the cause for you. I actually 1155 00:56:59,040 --> 00:57:00,799 Speaker 1: ridiculed him at the time. I'm like, well, he's the 1156 00:57:00,800 --> 00:57:02,560 Speaker 1: only one who won, and you know now he won 1157 00:57:02,640 --> 00:57:05,600 Speaker 1: again in twenty twenty four. But perhaps he's been vindicated 1158 00:57:05,719 --> 00:57:06,359 Speaker 1: in the long run. 1159 00:57:06,760 --> 00:57:10,120 Speaker 3: Interesting, speaking of that corruption piece, puts C four up 1160 00:57:10,120 --> 00:57:10,560 Speaker 3: on the screen. 1161 00:57:10,600 --> 00:57:12,320 Speaker 1: It's just kind shit, like, I mean, it's. 1162 00:57:12,200 --> 00:57:14,799 Speaker 2: Just crazy Christy Noam, who loves to do these friaking 1163 00:57:14,840 --> 00:57:18,800 Speaker 2: photo shoots and is just an embarrassing person in general alone. 1164 00:57:18,880 --> 00:57:21,200 Speaker 2: Behold pro Publica. By the way, it's been doing some 1165 00:57:21,320 --> 00:57:24,200 Speaker 2: very good reporting. Firm tied to Christy Nooms. Secretly it 1166 00:57:24,240 --> 00:57:30,040 Speaker 2: got money from two hundred twenty million dollar dhs AD contracts. 1167 00:57:30,400 --> 00:57:33,040 Speaker 2: What I mean, what do we even need dhs ads for? 1168 00:57:33,240 --> 00:57:33,920 Speaker 3: To begin with? 1169 00:57:34,280 --> 00:57:36,400 Speaker 2: You guys want to see what these ads look like, 1170 00:57:36,480 --> 00:57:38,320 Speaker 2: and then I can tell you more about the details 1171 00:57:38,360 --> 00:57:40,360 Speaker 2: of this firm and who all is involved with it. 1172 00:57:40,560 --> 00:57:42,120 Speaker 3: Let's go and play CE six. 1173 00:57:42,320 --> 00:57:44,640 Speaker 2: This is one of the ads that this firm was 1174 00:57:44,640 --> 00:57:48,040 Speaker 2: involved with creating. 1175 00:57:48,360 --> 00:57:51,600 Speaker 7: Why do I love these wide open spaces? They remind 1176 00:57:51,600 --> 00:57:54,320 Speaker 7: me of why our forefathers came here, not just for 1177 00:57:54,360 --> 00:57:57,520 Speaker 7: its beauty, but for the freedom only America provides. 1178 00:57:57,960 --> 00:57:58,919 Speaker 1: I'm Christy Noman. 1179 00:57:59,800 --> 00:58:02,760 Speaker 7: The cowboys who tame the West, to the Titans who 1180 00:58:02,760 --> 00:58:06,440 Speaker 7: built our cities, to the dreamers who chase the impossible. 1181 00:58:07,480 --> 00:58:12,600 Speaker 7: America has always rewarded vision and grit. Our greatness calls 1182 00:58:12,640 --> 00:58:15,840 Speaker 7: people to us for a chance to prosper, to live 1183 00:58:15,920 --> 00:58:20,200 Speaker 7: how they choose, to become part of something special. Anyone 1184 00:58:20,200 --> 00:58:22,680 Speaker 7: who searches for freedom can always find a home here. 1185 00:58:23,080 --> 00:58:26,680 Speaker 7: But that freedom's a precious thing and we defend it vigorously. 1186 00:58:27,600 --> 00:58:31,000 Speaker 7: You cross the border illegally, we'll find you break our 1187 00:58:31,080 --> 00:58:34,520 Speaker 7: laws will punish you harm American citizens. 1188 00:58:35,040 --> 00:58:38,120 Speaker 1: There will be consequences. But if you come here. 1189 00:58:38,000 --> 00:58:41,040 Speaker 7: The right way, your American dream can be as big 1190 00:58:41,280 --> 00:58:44,080 Speaker 7: as these endless guys from President Trump. 1191 00:58:43,840 --> 00:58:45,240 Speaker 1: And me, welcome home. 1192 00:58:46,160 --> 00:58:48,440 Speaker 3: Okay, So I had noticed up deal. 1193 00:58:48,480 --> 00:58:50,960 Speaker 1: I'd noticed some of these ads. This is a little weird, 1194 00:58:51,040 --> 00:58:53,920 Speaker 1: A little weird. Yeah, Well, because on Fox News in particular, 1195 00:58:54,040 --> 00:58:55,880 Speaker 1: they'd be like, you need to leave, and I was like, 1196 00:58:55,880 --> 00:58:58,120 Speaker 1: how many illegals are watching Fox News? I mean, I'm 1197 00:58:58,120 --> 00:59:00,560 Speaker 1: only watching Fox News because I have to for work. 1198 00:59:00,840 --> 00:59:03,160 Speaker 2: I really think that some ad of Christina I'm and 1199 00:59:03,200 --> 00:59:05,480 Speaker 2: a horse is like going to change your. 1200 00:59:05,240 --> 00:59:06,520 Speaker 3: Decision about where I mean. 1201 00:59:06,440 --> 00:59:10,000 Speaker 2: It's just it's a total vanity project. She, like probably 1202 00:59:10,160 --> 00:59:12,960 Speaker 2: many others, wants to run for president, I assume. And 1203 00:59:13,000 --> 00:59:15,640 Speaker 2: so this is a way they've flooded the big beautiful bill, 1204 00:59:15,920 --> 00:59:21,919 Speaker 2: flooded DHS and ICE with just insane amounts of cash. 1205 00:59:21,960 --> 00:59:23,439 Speaker 2: And so this is the type of shit that they're 1206 00:59:23,440 --> 00:59:26,280 Speaker 2: doing with it, this little ad campaign, which, by the way, 1207 00:59:26,840 --> 00:59:30,920 Speaker 2: so to again, two hundred twenty million dollars. They kept 1208 00:59:31,240 --> 00:59:34,600 Speaker 2: one beneficiary of the nine figure ad deal a secret, 1209 00:59:34,640 --> 00:59:38,800 Speaker 2: according to Pro Publica records, and interviews show a Republican 1210 00:59:38,800 --> 00:59:42,440 Speaker 2: consulting firm with long standing personal and business ties to 1211 00:59:42,560 --> 00:59:45,320 Speaker 2: know them, and her senior aids at DHS. The company 1212 00:59:45,400 --> 00:59:48,320 Speaker 2: running the Mount Rushmore shoot, called the Strategy Group, does 1213 00:59:48,360 --> 00:59:51,120 Speaker 2: not appear on public documents about the contract. The main 1214 00:59:51,160 --> 00:59:54,440 Speaker 2: recipient listed on the contracts is a mysterious Delaware company 1215 00:59:54,440 --> 00:59:57,680 Speaker 2: which was created days before the deal was finalized. No 1216 00:59:57,880 --> 01:00:01,240 Speaker 2: firm has closer ties to nomes. Political operation in the 1217 01:00:01,320 --> 01:00:03,919 Speaker 2: Strategy Group played a central role in her twenty twenty 1218 01:00:03,920 --> 01:00:08,600 Speaker 2: two South Dakota gubernatorial campaign. Corey Lewandowski, who is not 1219 01:00:08,640 --> 01:00:10,920 Speaker 2: only her top advisor at DHS, which is the part 1220 01:00:10,920 --> 01:00:13,600 Speaker 2: they put in here, is also her rumored boyfriend, has 1221 01:00:13,640 --> 01:00:16,360 Speaker 2: worked extensively with the firm, and the company's CEO is 1222 01:00:16,560 --> 01:00:20,440 Speaker 2: married to noam's chief spokesperson, Tricia McLaughlin. 1223 01:00:20,640 --> 01:00:23,120 Speaker 3: So there you go. Strategy Group's ad work is. 1224 01:00:23,040 --> 01:00:25,400 Speaker 2: The first known example of money flowing from Nome's agency 1225 01:00:25,440 --> 01:00:29,320 Speaker 2: to businesses controlled by her allies and friends. And you know, 1226 01:00:29,440 --> 01:00:33,720 Speaker 2: there's there's this now secret why they decided to hide 1227 01:00:33,720 --> 01:00:38,360 Speaker 2: this because it is blatantly and clearly, disgustingly corrupt and 1228 01:00:38,960 --> 01:00:41,160 Speaker 2: just you know, total cash grab at every level. 1229 01:00:41,160 --> 01:00:42,880 Speaker 3: Of this administration. And it's true. 1230 01:00:42,880 --> 01:00:45,440 Speaker 2: You know, I keep thinking about Steve Bannon telling I 1231 01:00:45,480 --> 01:00:47,400 Speaker 2: don't remember what conference he was at. He was like, 1232 01:00:47,480 --> 01:00:49,720 Speaker 2: you know, if the Democrats get back in power, some 1233 01:00:49,800 --> 01:00:51,680 Speaker 2: of us are going to prison. Now I don't think 1234 01:00:51,880 --> 01:00:54,040 Speaker 2: you know, Bannon's already been in prison. I'm not aware 1235 01:00:54,040 --> 01:00:55,960 Speaker 2: of him committing any new crimes, so he's not at 1236 01:00:55,960 --> 01:00:58,520 Speaker 2: the top of my list. But like, yes, this level 1237 01:00:58,520 --> 01:01:02,280 Speaker 2: of corrupt dealing, it should be punished, the level of lawlessness, 1238 01:01:02,280 --> 01:01:04,480 Speaker 2: like when crimes are broken. I do think that some 1239 01:01:04,520 --> 01:01:08,560 Speaker 2: of these officials should fear for their freedom after this 1240 01:01:08,680 --> 01:01:11,760 Speaker 2: administration is through, because I can tell you the Democratic 1241 01:01:11,800 --> 01:01:13,880 Speaker 2: base is going to be looking for a candidate in 1242 01:01:13,920 --> 01:01:16,680 Speaker 2: twenty twenty eight who is willing to say Steven Miller 1243 01:01:16,720 --> 01:01:18,040 Speaker 2: and Christy nom should be in jail. 1244 01:01:18,440 --> 01:01:20,920 Speaker 1: I mean, you know, I can't say you weren't warned. 1245 01:01:21,120 --> 01:01:24,080 Speaker 1: And yes, if you cartoonishly disregard the law, I mean 1246 01:01:24,120 --> 01:01:28,160 Speaker 1: in Kirsty Nomes case or Stephen Miller, even if my 1247 01:01:28,280 --> 01:01:30,720 Speaker 1: opinion is what's going to happen is Trump on his 1248 01:01:30,760 --> 01:01:33,640 Speaker 1: way out will do the Hunter Biden thing, the preemptive 1249 01:01:33,640 --> 01:01:36,040 Speaker 1: pardon for any and all whatever, and so no I 1250 01:01:36,040 --> 01:01:39,560 Speaker 1: don't think anybody's going to prison, but whenever it comes 1251 01:01:39,600 --> 01:01:43,440 Speaker 1: to investigations in the interim. What a lot of people 1252 01:01:43,440 --> 01:01:46,160 Speaker 1: don't know is that the government doesn't pay, let's say, 1253 01:01:46,160 --> 01:01:49,320 Speaker 1: for your legal fees, like when you get called before Congress, 1254 01:01:49,440 --> 01:01:53,560 Speaker 1: especially if it's on a private matter, and so many officials. 1255 01:01:53,640 --> 01:01:55,680 Speaker 1: This happened in the Clinton administration, this happened in the 1256 01:01:55,720 --> 01:01:58,880 Speaker 1: first Trump administration. You'll remember I said this during Doge. 1257 01:01:58,920 --> 01:02:01,040 Speaker 1: I was like, man, I hope you got or you know, 1258 01:02:01,120 --> 01:02:03,680 Speaker 1: Elon will be fine, he's rich. Everybody else I'm like, 1259 01:02:03,840 --> 01:02:07,200 Speaker 1: you better lawyer up, because when the Dems come calling 1260 01:02:07,320 --> 01:02:10,760 Speaker 1: in the House Oversight Committee with subpoenas, these guys charge 1261 01:02:10,800 --> 01:02:13,400 Speaker 1: like one thousand dollars an hour, and sometimes they can 1262 01:02:13,440 --> 01:02:16,880 Speaker 1: take a twelve to fifteen hours for transcripts and for interviews, 1263 01:02:16,880 --> 01:02:19,800 Speaker 1: and you need a council in the room that entire time, 1264 01:02:20,000 --> 01:02:23,120 Speaker 1: or when you're calling before like the level. Look, it's 1265 01:02:23,520 --> 01:02:26,160 Speaker 1: that's what That's how government has worked now basically since 1266 01:02:26,360 --> 01:02:29,160 Speaker 1: the Kenneth Star affair. Like every time the opposition party, 1267 01:02:29,320 --> 01:02:31,480 Speaker 1: no matter who it is, is in power, they try 1268 01:02:31,520 --> 01:02:34,840 Speaker 1: to do investigations and subpoena power and all that and yes, 1269 01:02:34,920 --> 01:02:38,840 Speaker 1: there's a huge political incentive. So if you're see Christy Nome, 1270 01:02:39,040 --> 01:02:41,040 Speaker 1: I think she'll probably figure it out. Donors, if you're 1271 01:02:41,120 --> 01:02:44,040 Speaker 1: Trisia McLaughlin or like one of the junior people, those 1272 01:02:44,040 --> 01:02:45,400 Speaker 1: are the ones where I'm like, I would be very 1273 01:02:45,480 --> 01:02:46,560 Speaker 1: worried if I were. 1274 01:02:46,480 --> 01:02:48,520 Speaker 2: You, or you know some of these ICE guys who 1275 01:02:48,520 --> 01:02:52,240 Speaker 2: are out on the street, like, just because Steve Miller 1276 01:02:52,320 --> 01:02:54,000 Speaker 2: or Greg Bavin or whatever told you to do it 1277 01:02:54,000 --> 01:02:56,600 Speaker 2: doesn't mean that you're totally protective. And this actually duvetails 1278 01:02:56,600 --> 01:02:59,000 Speaker 2: into the Venezuela segment we're about to do. Or some 1279 01:02:59,080 --> 01:03:01,680 Speaker 2: of these militaries are VIS members who are being tasked 1280 01:03:01,680 --> 01:03:04,120 Speaker 2: with like murdering random people in the Caribbean or in 1281 01:03:04,160 --> 01:03:07,960 Speaker 2: the Pacific. Are seeking outside legal councils because they are 1282 01:03:08,000 --> 01:03:10,760 Speaker 2: concerned about their own legal liability and they do not 1283 01:03:10,880 --> 01:03:13,160 Speaker 2: trust the guidance that they're getting within the administration.