1
00:00:01,080 --> 00:00:07,280
We have that, okay, three
to one. Ask not what your country

2
00:00:07,360 --> 00:00:12,359
can do for you, ask what
you can do for your country. Mister

3
00:00:12,519 --> 00:00:23,559
Gerbatcheff, tear down this wall,
read my lips. It's the Rookieshet podcast

4
00:00:23,559 --> 00:00:26,760
with Rob Long. Peter Robinson's usually
here, but Stephen Hayward's is sitting in

5
00:00:26,760 --> 00:00:29,679
for him today. I'm James Lylenx. We just talked to Carol Roth about

6
00:00:29,679 --> 00:00:33,359
her new book You Will Owe Nothing, So let's have ourselves a podcast.

7
00:00:33,600 --> 00:00:38,799
Our economy has degraded, the suicide
rate has jumped, public filth and disorder

8
00:00:38,840 --> 00:00:46,159
and crime have exponentially increased, and
yet your concern is at the Ukrainians don't

9
00:00:46,159 --> 00:00:48,719
have enough tanks. I think it's
a fair question to ask, like,

10
00:00:49,079 --> 00:00:51,920
where's the concern for the United States
in that? Tucker, I've heard that

11
00:00:52,000 --> 00:00:55,920
routine from you before, but that's
not my concern. Welcome everybody, It's

12
00:00:55,920 --> 00:01:00,759
the Brookseshe Podcast. Number six hundred
and fifty. Wow, a gust number.

13
00:01:00,799 --> 00:01:03,359
I don't know why, but I
guess just those sort of round numbers

14
00:01:03,719 --> 00:01:06,760
make you feel wow. We've been
at this for a long time and for

15
00:01:06,840 --> 00:01:08,519
good reason, because it's lots of
fun. It's so much fun that Peter

16
00:01:08,599 --> 00:01:11,200
Robinson isn't here for two weeks in
a row because he just can't stand the

17
00:01:11,200 --> 00:01:15,079
excitement. He's got to go someplace
and just collect himself. But I'm here,

18
00:01:15,200 --> 00:01:19,840
James Les Minneapolis, Rob long I
presume, and Gotham Stephen Ay,

19
00:01:19,879 --> 00:01:23,680
We're sitting in for Peter Robinson in
California. Gentleman, Welcome, Hi James.

20
00:01:23,920 --> 00:01:26,319
How are you doing? Been a
week? Been a week? It's

21
00:01:26,319 --> 00:01:30,519
been a week. So where to
start? We had a NATO conference and

22
00:01:30,799 --> 00:01:33,920
Biden skipped the dinner. You know, you get a little tired at the

23
00:01:34,000 --> 00:01:37,120
end of the day. Hey,
we'll you why, you know, go

24
00:01:37,280 --> 00:01:42,359
through all of that chatter and sitting
there and making relationships and secret protocols between

25
00:01:42,400 --> 00:01:45,480
the meals. Well, I bother
come back to the room, watch a

26
00:01:45,480 --> 00:01:48,840
little television, sleep like natos in
the news. No, no, no,

27
00:01:48,719 --> 00:01:49,519
no, isn't We had a call
up. We have a call up

28
00:01:49,560 --> 00:01:53,040
of troops, which is interesting,
seems to be under the radar, but

29
00:01:53,079 --> 00:01:56,400
a lot of people are raising a
spot like eyebrows at that. And we

30
00:01:56,480 --> 00:02:00,680
have today all over the Twitter,
a series of clips of Tucker Elson interviewing

31
00:02:00,719 --> 00:02:04,000
various presidential candidates. It seems to
be in the most reason and perhaps what

32
00:02:04,040 --> 00:02:07,000
people will be talking about the most
Ricochet dot com, where, by the

33
00:02:07,040 --> 00:02:09,199
way, you should go and look
and say, where has this been all

34
00:02:09,199 --> 00:02:13,280
my life? And wonder is there
anything more to within this? There is.

35
00:02:13,319 --> 00:02:15,400
There's a member feed which is just
a great place to make a new

36
00:02:15,439 --> 00:02:20,639
community what you've been looking for.
Facebook didn't do it, Threads didn't do

37
00:02:20,680 --> 00:02:23,719
it. Ricoche dot com is where
you go, and we'll be talking about

38
00:02:23,719 --> 00:02:28,759
the Tucker clips and probably having some
good, zesty arguments about it. Tucker

39
00:02:28,800 --> 00:02:31,039
is a good guy to do these
interviews because he asks questions and a way

40
00:02:31,759 --> 00:02:36,240
that frames them outside of the usual
narrative, which case people will say,

41
00:02:36,240 --> 00:02:38,680
well, that's of course it's because
he's the Nazi, But no, no,

42
00:02:38,719 --> 00:02:42,960
I mean hearing him ask the questions
about him immigration and Ukraine, which

43
00:02:43,000 --> 00:02:46,840
I disagree intensely. But it's good
and it's forthright and it's simple, and

44
00:02:46,960 --> 00:02:53,599
it's better than the blather and polaver
we get from the usual debates, which

45
00:02:53,719 --> 00:02:58,400
never seemed to have the sort of
payoff that these Tucker interchanges have. So,

46
00:02:58,479 --> 00:03:00,360
gentlemen, have you seen any of
them? What are you think?

47
00:03:00,439 --> 00:03:01,240
Do you have any favorites, how
do you think they did, etc.

48
00:03:01,800 --> 00:03:05,479
Or never mind that subject, it's
boring, you want to talk about something

49
00:03:05,479 --> 00:03:08,919
else. Well, I have not
seen them, but it seems to me

50
00:03:08,960 --> 00:03:13,560
that he problem. My guess is
that that he's going to do a good

51
00:03:13,599 --> 00:03:19,319
job, but mostly because he's usually
when people ask these questions or ask these

52
00:03:19,360 --> 00:03:24,000
kind of things the press, they're
sort of got your questions designed to embarrass

53
00:03:24,039 --> 00:03:30,719
the candidate in front of Democratic candidate
Democratic voters. You know, it's like

54
00:03:30,960 --> 00:03:36,120
completely irrelevant to Republican Party primary voters, which is the phase that we're in

55
00:03:36,159 --> 00:03:38,479
now. Mostly I don't you know, obviously because they're biased, but mostly

56
00:03:38,479 --> 00:03:43,560
also because I don't think that any
member of the United States Press Corps could

57
00:03:43,560 --> 00:03:50,400
even frame a question that would be
would have an interesting answer and irrelevant answer

58
00:03:50,439 --> 00:03:53,719
to Republican primary voters. They don't
know any they haven't met any. They

59
00:03:53,800 --> 00:03:57,639
certainly don't work with any either,
none in the newsroom. So these are

60
00:03:57,639 --> 00:04:00,599
just like it's like, how do
you what kind of questions would you ask

61
00:04:00,599 --> 00:04:02,840
a person who's running for the governor
of Venus, Like you wouldn't even know

62
00:04:02,879 --> 00:04:06,159
what to begin with, you know, Um, so Tucker Lease is going

63
00:04:06,199 --> 00:04:09,879
to be relevant. I mean,
he's gonna have got your questions too,

64
00:04:09,919 --> 00:04:12,280
probably because he's doesn't want to make
some news. Nothing wrong with that,

65
00:04:12,319 --> 00:04:15,599
but least they're gonna be got youa
questions that that are sort of interesting to

66
00:04:15,599 --> 00:04:18,120
watch the candidates squirre him under.
Um. You know, I have the

67
00:04:18,160 --> 00:04:20,879
complicated feelings about Tucker because I've been
a long time and I and I admire

68
00:04:20,959 --> 00:04:25,920
what he's a lot of what he's
done. I almost one hundred percent disagree

69
00:04:25,920 --> 00:04:30,079
with him now on his priorities and
analysis of what's wrong with America in the

70
00:04:30,120 --> 00:04:34,399
world. Um, but he's an
interesting guy, an interesting mind and um

71
00:04:34,560 --> 00:04:41,120
which she was more consistent mind.
Um, but uh, there's no arguing

72
00:04:41,160 --> 00:04:46,879
that he is an important voice in
the you know, right word movement.

73
00:04:46,959 --> 00:04:51,399
He should be the guy asking these
tough questions. I think if I had,

74
00:04:51,519 --> 00:04:54,720
if I had to interviewed the governor
of Venus, I would ask him

75
00:04:54,759 --> 00:04:59,600
how he dealt with all the pressure. We've just had the We've just had

76
00:04:59,639 --> 00:05:02,040
the rib podcast in a nutshell,
Rob Long, I haven't seen any of

77
00:05:02,040 --> 00:05:04,639
the quotes. Here's four minutes of
opinion on it. Well, yeah,

78
00:05:04,639 --> 00:05:09,800
I could have. I could have
just hunted right and good and good taking

79
00:05:09,879 --> 00:05:13,439
my defense, this is not on
the rundown here, So you just you

80
00:05:13,519 --> 00:05:15,920
pulled this one out of your ass
and now I'm to make it. But

81
00:05:16,600 --> 00:05:19,720
I think you're absolutely right in what
you said, and that's and I agree

82
00:05:19,720 --> 00:05:25,040
with what you said anyway. So
yeah, there's a rob points to uh

83
00:05:25,079 --> 00:05:28,920
an asymmetry in the way these debates
go. The media, the mainstream media

84
00:05:28,920 --> 00:05:33,720
always ask questions to based on premises
of the left to embarrass Republicans. They

85
00:05:33,839 --> 00:05:39,959
almost never ask questions based on the
premises of the right and the Democratic debates.

86
00:05:40,560 --> 00:05:43,240
To think of one example that breaks
from the mold, you have to

87
00:05:43,240 --> 00:05:46,920
go all the way back to two
thousand and eight, when Charlie Gibson of

88
00:05:46,959 --> 00:05:49,160
ABC News asked Barack Obama, why
do you want to raise the capital gains

89
00:05:49,199 --> 00:05:53,000
tax? One? Every time you
raise it, revenues go down, and

90
00:05:53,040 --> 00:05:56,040
every time you cut it, revenues
go up. Why raise it at all?

91
00:05:56,759 --> 00:05:59,120
And I thought, you know that
that's the kind of question I would

92
00:05:59,120 --> 00:06:02,160
ask someone who feel, you know, who's conversions and supply side economics.

93
00:06:02,199 --> 00:06:04,399
And like, I say, that's
fifteen years ago. Now you've got to

94
00:06:04,439 --> 00:06:09,800
go back to question, right,
all right, So and you know,

95
00:06:09,879 --> 00:06:12,959
consider that if Tucker were to throw
his hat into the ring as a candidate

96
00:06:13,000 --> 00:06:16,720
for the Republican nomination, he would
outpoll probably half the candidates who's going to

97
00:06:16,759 --> 00:06:20,560
be interviewing today, in the next
few days or whatever whatever the schedule is.

98
00:06:20,639 --> 00:06:24,759
So yeah, they're better take him
seriously, and if they're not prepared

99
00:06:24,800 --> 00:06:28,639
for it, I think most than
them. Also, I kind of feel

100
00:06:28,639 --> 00:06:32,759
like it's a good example because Tucker
does represent, unfortunately my view, he

101
00:06:32,800 --> 00:06:39,240
does represent a certain portion of that
electorate, and so there are going to

102
00:06:39,319 --> 00:06:43,959
be a sizeable number of voters who
are going to be like, Okay,

103
00:06:44,000 --> 00:06:46,600
I agree with Tucker, tell me
why I'm wrong. I mean, Republican

104
00:06:46,680 --> 00:06:49,839
primary voters in general tend to be
persuadable, and that's kind of what they've

105
00:06:49,839 --> 00:06:53,839
shown over the past thirty years.
Right, you go in with a front

106
00:06:53,879 --> 00:06:57,079
runner and you can come out with
somebody totally different. So they are up

107
00:06:57,079 --> 00:07:00,000
for grabs. They're open to this
kind of debate, in this kind of

108
00:07:00,000 --> 00:07:03,480
exchange. So why not have somebody, I mean, Tuck Across is not

109
00:07:03,480 --> 00:07:05,879
going to show up and say,
listen, I really don't have an opinion

110
00:07:05,920 --> 00:07:12,959
on this. I'm very neutral,
like in him right. So this could

111
00:07:12,959 --> 00:07:16,399
be very, very elucidating. And
also I would feel perfectly comfortable judging a

112
00:07:16,519 --> 00:07:24,920
candidate who disagrees with Tucker on the
basis of how they how they treat that

113
00:07:24,959 --> 00:07:28,600
disagreement, like right Aisa Hutchinson,
for example, he was asked, you

114
00:07:28,639 --> 00:07:31,959
know about the issue of medically gastrating
to use the terms that they use because

115
00:07:32,000 --> 00:07:38,600
that's the term, because it's what
happens youth in the guise of gender affirming

116
00:07:38,639 --> 00:07:43,120
healthcare, and Hutchinson's response was,
well, I like to talk about issues.

117
00:07:43,480 --> 00:07:46,279
He didn't believe that this was a
serious issue, right, which shows

118
00:07:46,360 --> 00:07:53,160
a distinct lack of interest in the
side of things that make David French uncomfortable.

119
00:07:53,199 --> 00:07:56,759
The cultural the culture war, that
of course, is an entire creation

120
00:07:56,800 --> 00:08:00,279
of the right, which was in
reaction to absolutely nothing and was gender out

121
00:08:00,319 --> 00:08:03,360
of nowhere. Right. So if
he's not conversant in that and doesn't want

122
00:08:03,399 --> 00:08:07,639
to have an opinion about that,
that's instructive. But when you said Rob

123
00:08:07,759 --> 00:08:11,959
as the rootless, cosmopolitan East Coast
rnal squares that you are, that you

124
00:08:11,040 --> 00:08:16,519
disagree, you disagree that. Unfortunately
a lot of the voters agree with Tucker.

125
00:08:18,199 --> 00:08:20,959
What are the issues that you think
are Unfortunately they agree well Ukraine.

126
00:08:22,000 --> 00:08:24,639
I think he's absolutely one hundred percent
wrong on Ukraine. And I think he's

127
00:08:24,639 --> 00:08:28,759
gone way too far on his caution
about Ukraine. He's already said he's rooting

128
00:08:28,759 --> 00:08:33,919
for Putin. We already know that. I think that's just a an error

129
00:08:33,960 --> 00:08:39,200
of judgment that is kind of hard
to come back from. UM. I

130
00:08:39,240 --> 00:08:43,639
think he's wrong about January sixth.
I think he's wrong about the twenty twenty

131
00:08:43,679 --> 00:08:50,600
election. I think he's fundamentally wrong
on the issue of whether we should have

132
00:08:50,840 --> 00:08:56,919
a free market economy or a command
of industrialized economy. He's in favor of

133
00:08:56,960 --> 00:09:01,039
industrial policy. He just like everyone
who's in favor destrir policy. They're like,

134
00:09:01,039 --> 00:09:03,960
it's great as long as I'm in
charge. But that is not how

135
00:09:03,000 --> 00:09:07,679
this country works. So one of
the reasons why the founders made sure to

136
00:09:07,039 --> 00:09:09,759
circumscribe the power of government, it's
because they know that we have a thing

137
00:09:09,799 --> 00:09:15,759
called a democracy and sometimes the morons
win um and we are living in that

138
00:09:16,159 --> 00:09:20,320
under that umbrella right now that it
does happen, and when it does happen,

139
00:09:20,399 --> 00:09:24,039
you're very very thankful for restrictions on
federal power. So I think he's

140
00:09:24,039 --> 00:09:26,279
wrong about all those things. Um, and I think it's wrong about that

141
00:09:26,320 --> 00:09:30,960
guy Ander Tained. I think it's
was gross. I think he's gross.

142
00:09:31,039 --> 00:09:33,600
I know that's that's yeah, So
I don't. But the thing about the

143
00:09:33,679 --> 00:09:39,440
Ukraine is is when he speaks about
Christian persecution and indicates he absolutely knows nothing

144
00:09:39,480 --> 00:09:41,159
whatsoever about the schism that you're Kraine
in church that's going on, or doesn't

145
00:09:41,360 --> 00:09:45,039
or knows and doesn't care. I
mean, it's irrelevant. I'm glad that

146
00:09:45,080 --> 00:09:48,960
there is somebody with whom I disagree
who's asking those questions of potential candidates,

147
00:09:48,960 --> 00:09:52,000
because I want to hear a robust
intellectual defense of the age. Yea.

148
00:09:52,039 --> 00:09:56,399
So he had a great question of
Tim Scott about immigration, and Tim Scott

149
00:09:56,440 --> 00:10:01,159
did something that was he gave sort
of a standard boil plate agreeing into and

150
00:10:01,200 --> 00:10:03,720
then he stood up and started talking
to the audience like I like I used

151
00:10:03,720 --> 00:10:07,519
to do at the At the night
Owls accepted this was really weird. It's

152
00:10:07,559 --> 00:10:11,320
like he interposed himself between the audience
and Tucker and took over and just moved

153
00:10:11,320 --> 00:10:15,440
the conversation where he wanted it to. But it was a weird way of

154
00:10:15,840 --> 00:10:18,840
marginalizing doctor. But it was still
the clips that I see have been more

155
00:10:18,919 --> 00:10:22,639
interesting than anything I ever saw in
the debate, where eleven people are in

156
00:10:22,720 --> 00:10:28,440
stages or answering questions from MSNBC.
Yeah, yeah, I got a question

157
00:10:28,480 --> 00:10:35,960
though, is um Is anybody else
having a weird Tim Scott moment? Oh

158
00:10:35,039 --> 00:10:39,440
yeah, Rob, I kind of
I know what you mean. And yeah,

159
00:10:39,480 --> 00:10:41,679
I think you're onto something there.
I think he's maybe the most interesting,

160
00:10:43,919 --> 00:10:46,759
well the most interesting candidate in the
field that we're not paying sufficient attention

161
00:10:46,799 --> 00:10:50,120
to. I'll put it that way, good way putting it now, Yeah,

162
00:10:50,279 --> 00:10:54,399
especially since the Descantist campaign seems to
be like the Ukrainian counter offensive.

163
00:10:56,720 --> 00:11:01,080
Mum, I mean it's it's it's
ongoing, and accomplishments are being made,

164
00:11:01,200 --> 00:11:05,279
but people are expecting a breakthrough at
some point every day and something dramatic like

165
00:11:05,320 --> 00:11:09,519
that. It's just not happening.
Then you go to look at what Trump

166
00:11:09,559 --> 00:11:13,360
in Iowa. I suppose I think
the last time Trump tweetered about it,

167
00:11:13,360 --> 00:11:16,120
he was up one hundred and forty
seven points or something. And Trump has

168
00:11:16,440 --> 00:11:24,080
made people in Iowa very unhappy.
Yeah. Yeah, So you know there's

169
00:11:24,279 --> 00:11:28,879
two thoughts on that. He I
think foolishly this week by all the accounts

170
00:11:28,919 --> 00:11:31,399
I read attack their governor Kim Reynolds, who's very popular, and who,

171
00:11:31,759 --> 00:11:35,440
for what it's worth, I've had
on my shortlist as a very strong running

172
00:11:35,440 --> 00:11:39,919
mate for whoever the Republican nominee is
I think to be an excellent candidate.

173
00:11:41,279 --> 00:11:43,279
Second, we still don't know if
Trump's going to show up for any debates,

174
00:11:43,320 --> 00:11:46,000
if He's going to campaign in Iowa. Again, I'm old enough to

175
00:11:46,000 --> 00:11:52,080
remember that in nineteen eighty Ronald Reagan
was the front runner and his campaign manager

176
00:11:52,200 --> 00:11:54,120
John Sears said, oh, you
know, Gosh, you don't want to

177
00:11:54,120 --> 00:11:56,159
be in the debate in Iowa.
You don't want to spend a lot of

178
00:11:56,159 --> 00:12:01,080
time there. So Reagan barely visited
Iowa and was up set by George H.

179
00:12:01,159 --> 00:12:05,240
W. Bush, whereupon Rake and
fired John Sears shortly after and recovered

180
00:12:05,360 --> 00:12:09,200
quickly. But the point is,
I think Trump may be making similar blunders

181
00:12:09,200 --> 00:12:13,000
for even less cogent reasons than Rake
and had forty some years ago. I

182
00:12:13,080 --> 00:12:16,320
mean, not out of personal peak, you mean out of personal peak.

183
00:12:18,519 --> 00:12:24,320
No, he would never do that. Also, I think that the Trump's

184
00:12:24,320 --> 00:12:30,000
in a very different position. It's
not I mean everyone is everyone in the

185
00:12:30,000 --> 00:12:33,799
Republican Party who's running for president is
running against him. That's how that works.

186
00:12:33,080 --> 00:12:37,000
In twenty sixteen, they all thought
we're running against each other, and

187
00:12:37,039 --> 00:12:41,440
there's weird there's weirdo here who's eventually
gonna like figure it out, he'll drop

188
00:12:41,840 --> 00:12:45,960
my real My real opponent is Ted
Cruz or Marco Rubio or somebody like that.

189
00:12:46,080 --> 00:12:48,240
Right, Jeb Bush, Right,
Jeb Bush. Now they all know

190
00:12:48,240 --> 00:12:50,279
who their opponent is. It's one
guy. And what you don't want to

191
00:12:50,320 --> 00:12:54,200
do is you don't want to have
those guys all on stage having decided at

192
00:12:54,200 --> 00:12:58,360
a caucus that they really don't need
to right now go after each other.

193
00:12:58,360 --> 00:13:01,919
They just need to kill him.
That's something he's not really going to be

194
00:13:01,960 --> 00:13:05,120
able to stand up too. So
it may be smart for him not to

195
00:13:05,120 --> 00:13:07,519
show up, because he's terrible at
these things. When he's cornered. He's

196
00:13:07,559 --> 00:13:11,720
just you know, remember he been
depending on how how far into the tank

197
00:13:11,759 --> 00:13:16,759
you are. He lost the twenty
twenty election in that first debate with Joe

198
00:13:16,759 --> 00:13:20,799
Biden because of his behavior. I
mean, this is something I'm not conjecturing.

199
00:13:20,840 --> 00:13:24,279
This is literally something the Trump campaign
admitted. At the beginning of December.

200
00:13:24,679 --> 00:13:26,399
The head of the campaign, the
President didn't admit it, but the

201
00:13:26,720 --> 00:13:30,039
other Right campaign they had all the
numbers and all the proof for it.

202
00:13:30,360 --> 00:13:35,559
That's why he lost Republican mails in
Wisconsin, in Pennsylvania and in Georgia,

203
00:13:35,759 --> 00:13:41,759
in Georgia and in Arizona. So
you know, these debates are not great

204
00:13:41,799 --> 00:13:46,120
for him. When he's under fire, he's much better as the guy shooting

205
00:13:46,159 --> 00:13:48,240
from the hip. And so maybe
I don't know, maybe it's wise for

206
00:13:48,320 --> 00:13:54,080
him not to show up. Probably
so, but it looks awful, and

207
00:13:54,159 --> 00:13:58,879
it seeds the stage to people who
can say what they want and will and

208
00:13:58,480 --> 00:14:03,320
you know they don't have to make
up stuff they I mean, drump tweeted

209
00:14:03,360 --> 00:14:05,120
one the other day that one of
the first thing he would do when reelected

210
00:14:05,240 --> 00:14:11,440
is to close the border and see
the little that and solve that immigration problem,

211
00:14:11,440 --> 00:14:16,240
which would be interesting except that we
kind of have four years of record

212
00:14:16,279 --> 00:14:20,879
on which to look on that issue. The same thing with the deep state.

213
00:14:20,960 --> 00:14:22,639
Alsolve the deep state. All during
this well, we kind of gave

214
00:14:22,679 --> 00:14:26,639
you the chance to do that before, and now you're older, you're even

215
00:14:26,759 --> 00:14:33,080
weirder, even the tweets that you
keep me. So we cast our eyes

216
00:14:33,840 --> 00:14:39,559
elsewhere, perhaps and sping of elsewhere. There's this high minded conversation we're having

217
00:14:39,600 --> 00:14:46,879
here, and then there's a proud
capitalistic commercialist essence that is the spot.

218
00:14:50,080 --> 00:14:54,960
I am Andrew Gutman and I'm Beth
Feely, and we're a couple of accidental

219
00:14:54,000 --> 00:14:58,080
activist parents who woke up and started
speaking out about issues that we saw in

220
00:14:58,120 --> 00:15:03,080
our children's schools. So join us
every week on Take Back our Schools on

221
00:15:03,120 --> 00:15:09,840
the Ricochet Audio network or wherever you
get your podcast Ricochet, Join the conversation.

222
00:15:09,799 --> 00:15:13,200
All right, so much for the
domestic stuff. International NATO, you

223
00:15:13,200 --> 00:15:18,679
guys have any ideas about how that
conference went. I just yearned for the

224
00:15:18,759 --> 00:15:24,279
days when NATO meeting, meeting meant
absolutely nothing. Nothing met the French,

225
00:15:24,440 --> 00:15:30,279
We're gonna be completely difficult. Yeah, we're always kind of peripheral the NATO

226
00:15:30,320 --> 00:15:33,000
when they kicked us out back in
the sixties. Exactly right. Yeah,

227
00:15:33,480 --> 00:15:37,759
So the hell boy, the problem
here is, I'll step back a minute.

228
00:15:37,799 --> 00:15:41,440
I keep worrying that our biggest problem
with the whole Ukraine scene is an

229
00:15:41,480 --> 00:15:46,279
incoherence or indecisiveness in our policy that
reminds me in some ways of Vietnam.

230
00:15:46,679 --> 00:15:50,039
Right, So, to review the
record, the Biden administration said, we're

231
00:15:50,039 --> 00:15:52,440
not going to send the high Mars
rocket systems. Okay, we will send

232
00:15:52,480 --> 00:15:56,679
the Highmars rocket systems. We're not
going to send Abrams tanks. Okay,

233
00:15:56,679 --> 00:15:58,159
we will send you the tanks,
but it's going to take at least nine

234
00:15:58,159 --> 00:16:02,759
months because the apply chain for those
is huge and training so forth. We're

235
00:16:02,759 --> 00:16:04,600
not going to send F sixteens.
Okay, now we'll send you F sixteens.

236
00:16:06,519 --> 00:16:10,480
And now cluster bombs, which are
controversial in and of themselves, because

237
00:16:10,519 --> 00:16:17,279
apparently Joe Bliden Bliden, Biden blurted
out. Biden blurted, I gotta practice

238
00:16:17,320 --> 00:16:22,799
that that we're running short of ammunition, which is not exactly reassuring specifically or

239
00:16:22,840 --> 00:16:26,519
generally, and so we're going to
go to cluster bombs. And you keep

240
00:16:26,559 --> 00:16:30,519
wondering, you know, do they
actually have an endgame or it aminds me

241
00:16:30,639 --> 00:16:34,879
the graduated escalation of Vietnam, which
never had a strategy for victory. Recall,

242
00:16:37,080 --> 00:16:38,799
deep down, I think they want
a stalemate, and are rumors that

243
00:16:38,879 --> 00:16:45,320
there are back channel negotiations underway for
a political settlement which would involve seeding some

244
00:16:45,440 --> 00:16:48,519
territory to Russia. Maybe that's the
most sensible thing to do. I think,

245
00:16:48,519 --> 00:16:52,360
by the way, James, you
mentioned that we keep thinking the Ukrainian

246
00:16:52,360 --> 00:16:56,120
counter offensive was going to have a
breakthrough. But I think that even though

247
00:16:56,120 --> 00:16:59,720
all the modern weaponry we have,
this is resembling more and more World War

248
00:16:59,759 --> 00:17:03,359
One trench warfare, where breakthroughs are
very difficult. Both defense and offense have

249
00:17:04,279 --> 00:17:08,519
roughly symmetrical strengths, and I think
it's going to be very difficult to make

250
00:17:08,559 --> 00:17:12,720
a breakthrough unless we're prepared to give
them a lot more air power, a

251
00:17:12,759 --> 00:17:18,720
lot more really devastating you know,
moab bombs that we used of course in

252
00:17:18,759 --> 00:17:22,039
the Middle East and so forth,
and I think we don't want to do

253
00:17:22,079 --> 00:17:26,400
that because we're afraid, quite rightly
so, that we might provoke Russia into

254
00:17:26,480 --> 00:17:30,119
using tactical nukes. Well, the
strategy seems to be to a trit to

255
00:17:30,160 --> 00:17:33,440
destroy their logistics, to destroy their
ability to resupply. And that was our

256
00:17:33,519 --> 00:17:37,559
Vietnam strategy, you know, let's
just bomb the Ho Chimen trail every day,

257
00:17:37,720 --> 00:17:41,039
right right, It didn't work.
But in this case there are very

258
00:17:41,079 --> 00:17:45,279
specific strategic objectives and they're doing it. And you can you can believe or

259
00:17:45,319 --> 00:17:48,680
not believe the stuff that you get
on telegram on Twitter and Reddit that are

260
00:17:48,720 --> 00:17:52,759
fed along from the Ukrainian side or
the Russian side, and the complaints about

261
00:17:52,759 --> 00:17:56,279
the shortage of ammunition. But the
Russians do not seem to be particularly well

262
00:17:56,279 --> 00:18:00,160
equipped. There's just a lot of
them hunkered down there. So you destroy

263
00:18:00,160 --> 00:18:03,079
their ability to be resupplied, and
you keep doing that, and you keep

264
00:18:03,119 --> 00:18:07,599
doing that, and then you overrun
a demobilized, starving, under motivated force.

265
00:18:07,759 --> 00:18:10,440
Seems to be the idea. So, yeah, there are parallels too.

266
00:18:10,480 --> 00:18:12,400
You can any war will have parallels
to any other war until it doesn't.

267
00:18:14,319 --> 00:18:15,359
Yeah, I'm not I think the
analogy to Vietnam is right. I

268
00:18:15,400 --> 00:18:21,079
would just cast the characters differently.
I would say that the smug sitting on

269
00:18:21,119 --> 00:18:26,440
the sidelines, barely lifting a finger
but doing some help. Russian position in

270
00:18:26,599 --> 00:18:30,720
Vietnam was now played by the United
States and the West, and the Russians

271
00:18:30,720 --> 00:18:36,880
are us in there for no reason
and hated and despised, and you know,

272
00:18:37,079 --> 00:18:40,799
whether we're running out of ammunition or
not, I think that's probably not

273
00:18:40,920 --> 00:18:45,200
true. You know, we are
sent they are. Any American equipment they're

274
00:18:45,279 --> 00:18:48,799
using, either that's comes from US
or comes from our European allies. Is

275
00:18:48,000 --> 00:18:52,119
sort of garage sale equipment. It's
not actually stuff that we're using now.

276
00:18:52,160 --> 00:18:56,839
We may not be replacing what we
needed to be replacing at the generation that

277
00:18:56,880 --> 00:19:00,079
we should be now, but it's
not this It's not this generation. This

278
00:19:00,119 --> 00:19:04,720
is a generation to go. So
when the f sixteens come, which one

279
00:19:04,799 --> 00:19:07,799
come from us, will come from
our partners, and the pilots are trained,

280
00:19:07,799 --> 00:19:11,079
I suspect they've actually we've been training
for you know, about nine months,

281
00:19:11,119 --> 00:19:18,680
not the two months that is public. Things will probably get worse for

282
00:19:18,960 --> 00:19:22,799
people living in the region, but
the war might actually start looking different.

283
00:19:22,039 --> 00:19:26,359
But the other reason is like Vietnam, is because people are kind that everyone

284
00:19:26,480 --> 00:19:32,039
is, every one of the actors, even even the costars right here,

285
00:19:32,279 --> 00:19:37,240
NATO, the West, US,
even the Belarus, they're all kind of

286
00:19:37,279 --> 00:19:41,880
waiting for something to happen, something
political to happen, something political to change

287
00:19:42,240 --> 00:19:45,960
in a capital far away. That's
what the North Vietnameans were waiting for us

288
00:19:47,000 --> 00:19:48,039
what the South feet means are worried
whether the Russians, of the Chinese,

289
00:19:48,079 --> 00:19:52,359
the Americans are waiting for in the
Vietnam War. And I suspect that when

290
00:19:52,359 --> 00:19:55,559
this does play out, it will
play out a lot more, a lot

291
00:19:55,559 --> 00:20:00,680
more closely to a complete and utter
humiliation for Russia, which will which is,

292
00:20:00,759 --> 00:20:03,480
by the way, it is a
dangerous thing, but it isn't as

293
00:20:03,480 --> 00:20:08,400
if you know, the argument that
we provoked this by our our NATO talk

294
00:20:08,519 --> 00:20:14,880
is sort of not historically accurate.
In early in the early two thousands,

295
00:20:15,440 --> 00:20:18,920
as recently as the early two thousands, Putin was suggesting that NATO be expanded

296
00:20:18,960 --> 00:20:23,480
to include Russia. People keep forgetting
that it was only later when Georgia and

297
00:20:23,799 --> 00:20:27,119
Ukraine felt they were about to be
invaded, that these talks got hot,

298
00:20:27,160 --> 00:20:30,759
and of course Georgia and Ukraine were
invaded. So it's sort of like saying,

299
00:20:32,000 --> 00:20:33,400
it's your own damn fault. Your
house got robbed because you were planning

300
00:20:33,400 --> 00:20:37,240
to buy an alarm. So you
know, these things do happen. Something

301
00:20:37,319 --> 00:20:40,599
was provoked, but I don't think
it was bad provocation. I think it

302
00:20:40,599 --> 00:20:48,119
was perfectly safe provocation. But um, you know, the mystery box or

303
00:20:48,160 --> 00:20:55,480
the Schrodinger's what is the Schrodinger's cat
that is putin in that room, It's

304
00:20:55,519 --> 00:20:57,039
gonna has all the answers, we
just don't. I just don't think he

305
00:20:57,079 --> 00:21:03,119
has them yet. It maybe that
he turns a corner and somebody's there with

306
00:21:03,160 --> 00:21:06,799
a gun, and that's the answer. Wouldn't be the worst possible outcome to

307
00:21:06,839 --> 00:21:08,720
this problem. No, he'll be
poisoned out a window. Well, that's

308
00:21:08,720 --> 00:21:11,480
our take on the world as it
is. Now let's go to the stuff

309
00:21:11,480 --> 00:21:15,519
that really matters. Money. Carol
Roth is our guest to self described quote

310
00:21:15,680 --> 00:21:21,680
recovering investment banker. Carol's an entrepreneur, writer and commentator who appears on Fox

311
00:21:21,759 --> 00:21:25,039
Business, CNBC, CNN, Fox
News, MSNBC, and she's got a

312
00:21:25,039 --> 00:21:29,400
new book coming out, You That
Will Own Nothing, Your war with a

313
00:21:29,480 --> 00:21:32,640
new financial world order, and how
to fight back. Carol, thanks for

314
00:21:32,680 --> 00:21:36,160
joining us in the podcast today.
Great to be with you guys your book

315
00:21:36,839 --> 00:21:38,880
get started. In this book,
you were learning that some of the wealthiest

316
00:21:38,880 --> 00:21:44,799
people on the planet, the DeVos
eat always say I started predicting the end

317
00:21:44,839 --> 00:21:47,599
of private property. It can be
this wonderful thing. You will own nothing

318
00:21:47,599 --> 00:21:49,160
and you will be happy. Everything
will be a micro transaction. You'll have

319
00:21:49,160 --> 00:21:53,640
no privacy in the world. Will
never be better. Tell us about that

320
00:21:53,759 --> 00:21:59,599
revelation of yours and where than I
you think these guys were serious and where

321
00:21:59,640 --> 00:22:04,160
we are in the process of getting
to this utopia or dystopian that they want.

322
00:22:04,319 --> 00:22:07,960
James, you know, when I
first heard you'll own nothing and You'll

323
00:22:07,000 --> 00:22:11,559
be happy making its rounds on social
media, I sort of internalized it the

324
00:22:11,599 --> 00:22:15,640
way I internalized many things on social
media, going, ah, that's a

325
00:22:15,680 --> 00:22:19,920
funny meme, maybe without of context. You know, there's is the World

326
00:22:19,960 --> 00:22:23,960
Economic Forum. It's littered with the
business and political elite. There's no way

327
00:22:23,960 --> 00:22:29,640
they're actually predicting the end of private
property by twenty thirty. Somebody must have

328
00:22:29,680 --> 00:22:33,519
gotten this wrong. And so it
did not take very much time to go

329
00:22:33,599 --> 00:22:37,400
find the video. It's on the
WEF's Twitter stream still today, and it

330
00:22:37,480 --> 00:22:42,359
was based on input from their Global
Future Councils, and there you have it,

331
00:22:42,480 --> 00:22:47,359
like in black and white. Number
one is you'll own nothing and you'll

332
00:22:47,400 --> 00:22:49,519
be happy. By the way,
the other seven are kind of horrible too.

333
00:22:49,559 --> 00:22:53,160
Everyone sort of focuses on that first
one. But you know, it

334
00:22:53,200 --> 00:22:57,160
did stand out to me as somebody
who for over a quarter of century has

335
00:22:57,160 --> 00:23:03,720
been focused on wealth creation and opportunities
for everybody to kind of think about this.

336
00:23:03,839 --> 00:23:08,319
You know, I know that ownership
leads to wealth. You have to

337
00:23:08,319 --> 00:23:15,160
own assets that have the opportunity to
retain their value or to appreciate in value

338
00:23:15,319 --> 00:23:19,799
in order to accumulate wealth. So
the idea that the people who were wealthy

339
00:23:19,839 --> 00:23:25,400
and well connected were saying, you'll
own nothing and you'll be happy. One

340
00:23:25,440 --> 00:23:27,960
it was pretty clear you'll own nothing. It wasn't willow nothing and I'll own

341
00:23:29,079 --> 00:23:32,599
nothing. It's all about you,
right, So that's kind of staggering.

342
00:23:33,480 --> 00:23:36,839
The second was the happiness part,
that like they're almost trying to get you

343
00:23:36,839 --> 00:23:40,319
to buy in that somehow this is
great for you. You know, you

344
00:23:40,359 --> 00:23:44,079
can live this free you know,
Instagram, yolo life and you don't have

345
00:23:44,119 --> 00:23:47,799
to worry about anything. And you
know, as a students of history,

346
00:23:47,880 --> 00:23:52,359
I think we can all agree that
people who haven't had access to private property,

347
00:23:52,240 --> 00:23:56,599
you know, have not been free
and have not been happy. So,

348
00:23:56,759 --> 00:23:59,039
you know, I kind of put
that aside, but it was always

349
00:23:59,079 --> 00:24:02,519
in the back of my mind and
as I started kind of thinking about all

350
00:24:02,559 --> 00:24:07,359
these different issues that were coming up, with the debasement of the dollar and

351
00:24:07,400 --> 00:24:11,079
the shift in the global financial order
and the dollarization, central bank, digital

352
00:24:11,160 --> 00:24:18,920
currencies, social credits, esg Wall
Street competing with you to buy a house,

353
00:24:18,119 --> 00:24:22,839
big tech trying to wrench your life
back to you as a subscription or

354
00:24:22,880 --> 00:24:25,400
a service. Like anytime I started
to get one of those, like,

355
00:24:25,440 --> 00:24:27,839
I kept going, there's got to
be a through line here, There's gotta

356
00:24:27,839 --> 00:24:32,079
be a through line. And just
one day I'm walking and it hit me

357
00:24:32,200 --> 00:24:34,799
sort of like a lightning bolt.
You will own nothing, And there it

358
00:24:34,960 --> 00:24:37,640
was. It was like it just
like spoke to me and I said,

359
00:24:37,680 --> 00:24:41,720
that's the through line. And you
know, so it's not, you know,

360
00:24:41,839 --> 00:24:45,960
necessarily that everything we talk about in
the book is some World Economic Forum

361
00:24:47,200 --> 00:24:52,000
cabal intention, but it is really
a really good way to frame and think

362
00:24:52,039 --> 00:24:56,440
about all these different forces that are
coming at us. Yeah, and it

363
00:24:56,519 --> 00:25:00,480
kind of depends on how you how
you pronounce the words. Right, there's

364
00:25:00,680 --> 00:25:03,720
you will own nothing and you will
like it, and there's also you will

365
00:25:03,720 --> 00:25:07,079
own nothing and you'll like it.
But it does seem like, I mean,

366
00:25:07,319 --> 00:25:10,759
can we just go can we go
a piece by piece through the things

367
00:25:10,759 --> 00:25:14,599
that you're not going to own,
Like people say you're not gonna own Well,

368
00:25:14,599 --> 00:25:15,400
you're not going to own it.
You don't have you don't have to

369
00:25:15,400 --> 00:25:18,000
own a hard drive, right because
you can store all of your stuff in

370
00:25:18,039 --> 00:25:25,119
the cloud. You don't have to
own a car because you can ride share

371
00:25:25,680 --> 00:25:27,799
uber lift. It's efficient, you
can do that, and you'll never have

372
00:25:27,839 --> 00:25:30,759
to own a car, And won't
that be better. There's a whole new

373
00:25:30,799 --> 00:25:33,720
move it's started, really, I
mean, you know, for I mean,

374
00:25:33,759 --> 00:25:37,599
I think for all of American history, you were supposed to own a

375
00:25:37,599 --> 00:25:41,839
house, to the extent that we
created an enormous bureaucracy to subsidize and kind

376
00:25:41,839 --> 00:25:45,000
of distore the prices as of houses. And then around two thousand and eight

377
00:25:45,119 --> 00:25:48,480
or two thousand and nine or two
thousand and ten, people started saying,

378
00:25:48,279 --> 00:25:52,880
coincidentally, with the collapse of the
housing industry or the housing finance business,

379
00:25:52,200 --> 00:25:56,279
hey, maybe you should just rent, try renting. Maybe the renting is

380
00:25:56,279 --> 00:25:57,880
good so you don't have to own
a house. And the arguments for all

381
00:25:57,920 --> 00:26:02,839
that has been well, why would
you want all this extra stuff that you

382
00:26:02,960 --> 00:26:07,039
then have delay this you're liable for. Instead, there's probably a more productive

383
00:26:07,079 --> 00:26:15,839
way to use and to save and
to invest your money. Why, I

384
00:26:15,880 --> 00:26:18,559
mean, I think I know why
that's wrong. Just doesn't feel right to

385
00:26:18,599 --> 00:26:22,920
me. But why is it wrong
from its economic business prosperities. Yeah,

386
00:26:22,960 --> 00:26:26,160
I feel like you've gone through my
cover and I've we've sort of crossed out

387
00:26:26,200 --> 00:26:30,079
all of those different things, and
you can see it behind me, you

388
00:26:30,119 --> 00:26:33,039
know, all those different things that
you won't own. You know. I

389
00:26:33,079 --> 00:26:37,480
think it's different for every category of
ownership, and each one has its own

390
00:26:37,599 --> 00:26:41,960
unique issues. Having a car,
which unless you have a classic car,

391
00:26:41,079 --> 00:26:45,559
is probably a depreciating asset, is
different. It's about, you know,

392
00:26:45,759 --> 00:26:51,160
freedom and not depending on infrastructure and
those kinds of things. The home is

393
00:26:51,240 --> 00:26:55,279
one that we really should be focused
on because when you think about the American

394
00:26:55,400 --> 00:26:59,480
dream, and I see Steve not
ere Long here, you know the American

395
00:26:59,559 --> 00:27:03,559
dream. What is the symbol of
the American dream. It is a home

396
00:27:03,680 --> 00:27:06,920
and you might even have a picket
fence in front of it. And there's

397
00:27:06,920 --> 00:27:12,119
a reason for that. That is
the largest asset on people's balance sheets in

398
00:27:12,160 --> 00:27:17,359
America and frankly in a lot of
other places around the world. Buy dollar

399
00:27:17,519 --> 00:27:22,599
value. This is the way that
Americans have created wealth. I talk about

400
00:27:22,640 --> 00:27:25,759
in the book that I think that
that probably has to do with duration.

401
00:27:26,000 --> 00:27:29,119
Right, You're consuming your home,
your kids are going to school, those

402
00:27:29,200 --> 00:27:32,079
kinds of things. So when you
know the stock market has ups and downs,

403
00:27:32,079 --> 00:27:33,720
you might panic and sell out of
the stocks, but you're not doing

404
00:27:33,759 --> 00:27:37,119
that when the housing market goes up
and down, unless you know, you

405
00:27:37,240 --> 00:27:41,799
got yourself into a situation like around
the Great Recession financial crisis. So most

406
00:27:41,799 --> 00:27:45,720
people ride out those ups and downs. They hold it for a long period

407
00:27:45,720 --> 00:27:48,720
of time, and so they're able
to create and retain that wealth. So

408
00:27:48,759 --> 00:27:55,440
the idea that you would take the
largest assets on people's balance sheets and say,

409
00:27:55,640 --> 00:27:59,559
no, we're not going to let
you have that wealth creation opportunity.

410
00:28:00,039 --> 00:28:03,400
We're gonna let Wall Street have it, and it's gonna be great for you.

411
00:28:03,400 --> 00:28:07,839
You're gonna be You're gonna be so
happy to not be wealthy wealthy and

412
00:28:07,920 --> 00:28:11,960
to be at their whim is insane. And the fact that this has come

413
00:28:12,039 --> 00:28:18,319
out of fiscal and monetary policy and
other government policy. The fact that one

414
00:28:18,359 --> 00:28:22,960
of the craziest things when I researched
you will own nothing and did it,

415
00:28:22,000 --> 00:28:26,680
did the deep dive there. I
did not realize that before twenty ten there

416
00:28:26,759 --> 00:28:33,279
was no meaningful institutional capital in the
single family home market. It was only

417
00:28:33,319 --> 00:28:36,920
through the distortion of the market.
And this, you know, nearly fifteen

418
00:28:37,039 --> 00:28:40,759
years of easy money policy. Hey, can I just stop you? Those

419
00:28:40,799 --> 00:28:44,720
are really big words. Can you
explain those again? Just for so okay,

420
00:28:44,720 --> 00:28:49,240
so twenty ten. Before then,
there was no meaningful not saying that

421
00:28:49,279 --> 00:28:52,279
there was none because maybe like one
or two people did it on a small

422
00:28:52,279 --> 00:28:57,359
scale, but institutional capital corporations Wall
Street. So I'm not talking about a

423
00:28:57,359 --> 00:29:00,000
mom and pop who might you know, come on and buy one or two

424
00:29:00,039 --> 00:29:04,319
houses, but we're talking about the
capital that's coming in and buying you know,

425
00:29:04,519 --> 00:29:10,680
hundreds or thousands or tens of thousands
of homes, and so that didn't

426
00:29:10,720 --> 00:29:15,480
exist. You know, they invested
maybe in apartment buildings or corporate real estate,

427
00:29:15,519 --> 00:29:19,119
but they weren't competing with you to
buy your house and take that wealth

428
00:29:19,279 --> 00:29:26,279
creation opportunity away from you. So
that market didn't exist at all before twenty

429
00:29:26,359 --> 00:29:32,440
ten. And because we had the
Federal Reserve suppressing interest rates, printing money,

430
00:29:32,759 --> 00:29:37,839
allowing these corporations to have access to
cheap capital, they were able to

431
00:29:37,880 --> 00:29:41,759
go out and buy all kinds of
assets and inflate those asset values because there

432
00:29:41,799 --> 00:29:45,640
was more money chasing these assets,
and we saw the stock market go up

433
00:29:45,640 --> 00:29:51,079
and whatnot, and they were looking
for places to put this abundant cheap capital.

434
00:29:51,160 --> 00:29:53,240
You know that interest rates were near
zeros. It's a gift for the

435
00:29:53,559 --> 00:29:59,319
real interest. They were going out
and they're like, oh, hey,

436
00:29:59,440 --> 00:30:03,400
we can by people's homes so we
can tell them that this benefits them.

437
00:30:03,880 --> 00:30:08,079
And we are at a point now
where corporate investors as of the end of

438
00:30:08,119 --> 00:30:15,119
twenty two bought approximately one in every
five hopes. And that was not done

439
00:30:15,359 --> 00:30:18,880
with the intention to make them better
for you and give you the opportunity than

440
00:30:18,920 --> 00:30:23,200
to participate in that wealth. That
is, to transfer that wealth creation opportunity

441
00:30:23,599 --> 00:30:30,000
from that biggest asset class on your
balance sheet from Main Street to Wall Street.

442
00:30:30,480 --> 00:30:34,160
So can I I know she wants
getting here before before he does.

443
00:30:34,319 --> 00:30:38,559
I just want to like, either
have you confirm which would make me nervous,

444
00:30:38,720 --> 00:30:44,920
or tell me why I'm wrong.
In my little paranoid a little paranoid

445
00:30:45,000 --> 00:30:48,400
voice in my head, it says
that the house and even a car represent

446
00:30:48,480 --> 00:30:56,119
two things. Aside from shelter and
a savings account for the house and freedom,

447
00:30:56,640 --> 00:31:00,640
it represents sovereignty. Like your house
is your home, your my home

448
00:31:00,720 --> 00:31:03,359
is my castle. That's your sovereignty. And as long as you got a

449
00:31:03,400 --> 00:31:04,880
car and gas in it, I
can't tell you where to go or where

450
00:31:04,880 --> 00:31:07,720
it not to go. You get
to go whatever you want. As long

451
00:31:07,759 --> 00:31:11,160
as you obey the speed laws,
and even then you know, okay.

452
00:31:11,200 --> 00:31:17,680
So if they represent that, and
I can convince you to liquidate that,

453
00:31:18,640 --> 00:31:21,079
and I can tell myself, well, when you're liquidating, you're turning it

454
00:31:21,119 --> 00:31:22,599
into liquid I'm giving you money for
it. It's not nothing to still be

455
00:31:22,599 --> 00:31:26,160
stealing it from you. But right
now, no one can really regulate you

456
00:31:26,240 --> 00:31:30,119
out of your house, right we
can't really control what you do in that

457
00:31:30,160 --> 00:31:33,839
house, you know, aside from
the really big bad stuff. We can't

458
00:31:33,880 --> 00:31:36,960
tell you what to read and what
not to read, and what to listen

459
00:31:37,000 --> 00:31:40,519
to or not to listen to.
But once we sort of turn all of

460
00:31:40,559 --> 00:31:48,000
your your hard assets into either financial
instruments, numbers on a Ledger, or

461
00:31:48,079 --> 00:31:52,119
digits in your ebook, which,
of course we all know. When you

462
00:31:52,160 --> 00:31:55,559
buy a book from Apple Books and
you put it in your iPad, you

463
00:31:55,559 --> 00:31:59,599
do not own that book. If
the if the publisher wants to remove dirty

464
00:31:59,640 --> 00:32:01,720
words that book, they can do
it while you're asleep in your book.

465
00:32:02,960 --> 00:32:07,440
So if I can get you to
liquidate everything you own, and then it's

466
00:32:07,440 --> 00:32:12,960
fine. We have all of these
fantastic financial institutions and they will invest that

467
00:32:13,039 --> 00:32:15,519
money and they will make sure that
your money is safe, which is all

468
00:32:15,519 --> 00:32:21,480
true. But once it's just money, then I can control where that money

469
00:32:21,519 --> 00:32:23,279
goes, Right, Because if I
run an ESG kind of fund, or

470
00:32:23,319 --> 00:32:29,200
I run a financial regulator, or
I'm a whack crackpot left wing president,

471
00:32:29,200 --> 00:32:31,920
and I decide to have a crackpot
left wing secretary of Treasury and decide to

472
00:32:31,960 --> 00:32:37,359
impose a lot of crackpot left wing
rules and regulations on financial services. Hypothetically

473
00:32:37,519 --> 00:32:45,759
hypothetic hypothetically speaking, can I I've
just taken all of your sovereignty away.

474
00:32:45,279 --> 00:32:50,240
I haven't cheated you out of any
money, but I've brought you and everything

475
00:32:50,319 --> 00:33:00,440
you own under a government regulatory structure. Am I just breaking paranoid or No?

476
00:33:00,559 --> 00:33:04,039
I don't. I don't think that
you've actually become paranoid enough, because

477
00:33:04,079 --> 00:33:07,839
there's another layer to that which people
rarely see, which is which is a

478
00:33:07,960 --> 00:33:14,359
social credit piece of this, which
is very informal right now, but you

479
00:33:14,359 --> 00:33:19,640
know, certainly gaining momentum. But
think about if you don't own a home

480
00:33:20,000 --> 00:33:23,680
and somebody else owns it, and
you do something that somebody doesn't like,

481
00:33:24,440 --> 00:33:30,519
then they could have cause to remove
you from the home. Right you are

482
00:33:30,599 --> 00:33:32,960
not a worthy person. You have
become you know, you're a mom that

483
00:33:34,079 --> 00:33:37,559
shows up somewhere and to protest for
your kids. And the FA has now

484
00:33:37,559 --> 00:33:42,759
said you're a domestic terrorist. I'm
sorry, I can't have a domestic terrorist

485
00:33:42,839 --> 00:33:46,480
renting from me, So you can
no longer have access to housing. So

486
00:33:46,759 --> 00:33:53,000
the sovereignty argument extends in all different
directions. And I tried to make that

487
00:33:53,079 --> 00:33:58,960
in sort of a chapter by chapter
connection within you will own nothing. But

488
00:33:59,079 --> 00:34:01,799
you're right, you know, one
of the issues with the money and if

489
00:34:01,799 --> 00:34:06,680
you if you are somebody who owned
a house and they and you liquidated that.

490
00:34:06,720 --> 00:34:08,519
I mean, most people they're just
renting to begin with, right,

491
00:34:08,559 --> 00:34:12,679
they never get into that opportunity to
buy the house. Now, the younger

492
00:34:12,679 --> 00:34:15,719
folks, and so they are taking
their money and they're not It's not like

493
00:34:15,760 --> 00:34:19,760
they're saving money and then investing it
somewhere else. They're just giving it to

494
00:34:19,840 --> 00:34:23,800
somebody else who is creating the wealth
for themselves. But you know, if

495
00:34:23,800 --> 00:34:29,159
we get to the point of the
central bank digital currency, which is also

496
00:34:29,320 --> 00:34:32,960
not conspiratorial. You know, the
Fed New York Fed ran a pilot program

497
00:34:34,000 --> 00:34:38,480
with twelve financial institutions starting last November
that they just reported on at the wholesale

498
00:34:38,559 --> 00:34:43,400
level, but they said it's a
wild success um. The G seven came

499
00:34:43,440 --> 00:34:47,679
out with their principles. They think
it was thirteen principles for retail facing CBDC.

500
00:34:47,920 --> 00:34:52,039
So these aren't the activities that you
do. If this is something that

501
00:34:52,119 --> 00:34:55,920
nobody has you know, considered before, and so to the extent then that

502
00:34:57,039 --> 00:35:00,280
you are liquid, you have your
money and a a form factor that that's

503
00:35:00,360 --> 00:35:05,519
cash, and when it's not going
to work for you and you're not building

504
00:35:05,559 --> 00:35:08,760
that wealth, it's just sitting there
in a currency that's being debased by the

505
00:35:09,159 --> 00:35:15,960
government and the FED. But then
you have them trying to centralize control of

506
00:35:15,000 --> 00:35:22,800
the currency and monitor that potentially and
make decisions that take away your sovereignty and

507
00:35:22,880 --> 00:35:28,119
agency over your capital. This is
a real threat, I mean potentially the

508
00:35:28,239 --> 00:35:34,079
ultimate set threat to our freedom and
our agency and our ability to create wealth

509
00:35:34,079 --> 00:35:39,440
and all of those related things that
I don't think enough people understand and just

510
00:35:39,559 --> 00:35:43,719
given the level of financial literacy we
have in this country, I mean,

511
00:35:43,760 --> 00:35:47,840
think about things like the stimulus checks. I went on many media outlets and

512
00:35:49,000 --> 00:35:53,039
begged and pleaded, do not do
the stimulus, do not take that thousand

513
00:35:53,119 --> 00:35:57,039
or twelve hundred dollars. Whether it
was a Donnie dollar or a Biden buck,

514
00:35:57,079 --> 00:35:59,159
it didn't care, it didn't matter
who the president was. But don't

515
00:35:59,199 --> 00:36:02,599
do this. You are going to
pay seven to ten times that easily,

516
00:36:04,079 --> 00:36:07,119
you know, a year for the
rest of your life for taking that.

517
00:36:07,519 --> 00:36:13,840
Nobody believed that, and then we
lived through double digit inflation. So we

518
00:36:13,880 --> 00:36:16,800
don't have people who are real savvy
with the you know, they're gonna they're

519
00:36:16,800 --> 00:36:21,440
gonna buy into all of these narratives
and they're they're going to think that they're

520
00:36:21,440 --> 00:36:25,960
going to be financially better off.
And it's a really scary proposition. Yeah,

521
00:36:27,039 --> 00:36:30,320
Carol, it's Steve Hayward out in
California. James and to a lesser

522
00:36:30,360 --> 00:36:36,159
extent, Rob use the rule that
I think it's worth crystallizing and keeping in

523
00:36:36,199 --> 00:36:38,920
mind and extending. I call it
Hulman's razor, after the late Mike Hulman,

524
00:36:38,960 --> 00:36:43,039
who is a very important guy who's
not as well known as he deserved

525
00:36:43,039 --> 00:36:45,639
to be. But he used to
say, and he said that two generations

526
00:36:45,639 --> 00:36:50,679
of students, including me, whenever
you hear some nifty sounding progressive idea to

527
00:36:50,760 --> 00:36:55,480
make the world better, slow down, repeat it slowly in a German accent,

528
00:36:55,599 --> 00:36:59,320
and see if it still sounds as
good. It works great, not

529
00:36:59,360 --> 00:37:04,039
just for this, for all kinds
of great ideas. Right by the way,

530
00:37:05,239 --> 00:37:14,000
as this resonates really highly with me
exactly, I'll just mention in passing,

531
00:37:14,079 --> 00:37:16,960
Mike Hulman is the person who saved
the Electoral College back in nineteen seventy

532
00:37:17,039 --> 00:37:20,320
and the world will be different if
he had not succeeded. That's a long,

533
00:37:20,519 --> 00:37:23,679
very interesting story. But back to
you, I could go on for

534
00:37:23,719 --> 00:37:28,159
a while about the point Rob raises
that's also fundamental, which is, if

535
00:37:28,199 --> 00:37:31,360
you don't own property, at the
end of the day, you don't own

536
00:37:31,519 --> 00:37:36,239
yourself. That's what James Madison would
say if we had a time machine and

537
00:37:36,320 --> 00:37:37,320
dropped him here. I want to
ask you for something. You know,

538
00:37:37,320 --> 00:37:40,480
how do people fight back or what
do you recommend people do. We'll give

539
00:37:40,519 --> 00:37:45,440
you one very specific idea. I
keep going into places where they I pull

540
00:37:45,480 --> 00:37:49,360
up my wallet and I'll pull out
a dollar bill, not a dollar bill,

541
00:37:49,360 --> 00:37:51,519
a twenty dollar bill and an age
of inflation, and they'll say,

542
00:37:51,519 --> 00:37:54,199
oh, we don't take cash,
and I'm perfect. I like the convenience

543
00:37:54,239 --> 00:37:58,679
of using cards in my phone too, but I noticed my dollar bill still

544
00:37:58,719 --> 00:38:04,360
says on it. I checked this
note is legal tender for all debts public

545
00:38:04,400 --> 00:38:07,440
and private. I wonder if maybe
you think we shouldn't have a mass moment

546
00:38:07,440 --> 00:38:10,679
of people insisting on paying cash for
things at all these places that say they

547
00:38:12,079 --> 00:38:15,480
because and this is the gateway to
for a lot of the controls of our

548
00:38:15,519 --> 00:38:19,920
lives that you talk about in your
book, maybe we should do insist on

549
00:38:20,000 --> 00:38:24,480
cash. Don't you think that it's
an interesting coincidence that we have had this

550
00:38:24,639 --> 00:38:30,519
sort of reversal of policy on crime
at a time where they're trying to get

551
00:38:30,639 --> 00:38:36,159
people to go towards a digital currency. It may be entirely coincidental, but

552
00:38:36,239 --> 00:38:42,079
it's not lost on me that the
reason why many of these small businesses and

553
00:38:42,119 --> 00:38:45,159
other businesses don't want to take cash
is because they don't want to get robbed.

554
00:38:45,440 --> 00:38:50,280
And you have a bunch of cities
who you know, won't enforce any

555
00:38:50,320 --> 00:38:53,840
of their crime laws and are basically
encouraging the criminals to go ahead and do

556
00:38:53,880 --> 00:38:59,239
whatever they want. So I think
there is you know, an interesting push

557
00:38:59,239 --> 00:39:02,239
and pull there that I think it
would be very smart for people to go

558
00:39:02,280 --> 00:39:07,079
ahead and you know, continue to
use cash and try to make that viable.

559
00:39:07,760 --> 00:39:12,840
But I also understand as a small
business advocate, you know why you

560
00:39:12,880 --> 00:39:15,719
wouldn't want to put you know,
the person who's working behind the counter in

561
00:39:15,840 --> 00:39:22,000
jeopardy. I do think for something
like a CBDC though, you have you

562
00:39:22,039 --> 00:39:24,960
have to do that math, You
have to to to come up with that

563
00:39:25,039 --> 00:39:29,639
plan and say, Okay, if
this does happen, and you know,

564
00:39:29,800 --> 00:39:34,440
maybe I can't use cash anywhere,
but I also can't use my CBDC because

565
00:39:34,519 --> 00:39:37,719
you know, Steve and I went
out for too many burgers and Rob and

566
00:39:37,760 --> 00:39:40,800
I posted bad things on social media
and James well, you know, they

567
00:39:40,840 --> 00:39:45,320
just decided they didn't like James,
you know from somebody had to tip with

568
00:39:45,400 --> 00:39:47,440
him back in the day, and
they're now going to come back and say,

569
00:39:47,440 --> 00:39:52,000
well, let's just put him on
whatever it is. Or maybe they're

570
00:39:52,039 --> 00:39:57,960
trying to help us by controlling inflation. They want to slow spending destruct demand,

571
00:39:58,000 --> 00:40:00,400
so they're just going to cut off
all of our access to money.

572
00:40:00,480 --> 00:40:02,920
Like what are you going to do? Like have you done things like get

573
00:40:04,000 --> 00:40:07,159
small pieces of silver and gold?
Have you talked to you know, like

574
00:40:07,280 --> 00:40:10,599
minded people in your community about like, hey, you know things you know

575
00:40:10,599 --> 00:40:15,800
where to go sideways like who's the
doctor, who's the person who's raising chickens.

576
00:40:15,880 --> 00:40:17,000
You know, what are the things
that we need to get through a

577
00:40:17,079 --> 00:40:22,760
period of chaos, Because it may
not be that it's a final and total

578
00:40:22,800 --> 00:40:27,480
switch. It could just be a
period of chaos before it resets and goes

579
00:40:27,519 --> 00:40:30,320
back to it to sort of some
level of normalcy. But you know,

580
00:40:30,360 --> 00:40:36,159
it's very much kind of like if
your house is burning down, that's not

581
00:40:36,199 --> 00:40:38,480
the time to get an insurance policy
or to create an escape plan. You

582
00:40:38,480 --> 00:40:42,480
want to think about it. And
even if you think if it's a low

583
00:40:42,519 --> 00:40:45,960
probability of happening, you know it's
still a high cost outcome if it does,

584
00:40:46,000 --> 00:40:49,400
and so you want to, you
know, make those decisions now.

585
00:40:49,440 --> 00:40:52,039
So I think people really do need
to do those things. And I'm sure

586
00:40:52,159 --> 00:40:54,840
there's at least one or two people
listening. They're gonna go, Caroll,

587
00:40:54,880 --> 00:40:59,360
you sound like a prepper, and
I will, I will, I will

588
00:40:59,360 --> 00:41:02,440
give you the dist here. There's
a difference between being a prepper and being

589
00:41:02,480 --> 00:41:07,360
prepared. Being a prepper is somebody
who lives this lifestyle every day, like

590
00:41:07,440 --> 00:41:13,280
every aspect of their life every day
is about this is all going down.

591
00:41:13,360 --> 00:41:15,960
And I'm getting in my bunker,
and this is how I'm living. Being

592
00:41:16,000 --> 00:41:20,519
prepared is again just coming up with
the plan and just making sure you're not

593
00:41:20,559 --> 00:41:23,880
caught by surprised if and when this
happens, because we can see the trajectory.

594
00:41:23,920 --> 00:41:27,719
We just don't know duration, right, We don't know if this takes

595
00:41:27,800 --> 00:41:30,000
twelve months. We don't know if
it takes twelve years. We don't know

596
00:41:30,000 --> 00:41:31,920
if it takes fifty years. But
you know, in the off chance that

597
00:41:31,960 --> 00:41:36,119
it sooner verses later, you don't
want to be the person going, oh

598
00:41:36,119 --> 00:41:39,000
boy, I didn't really think about
this. Wow, I'm screwed. Now

599
00:41:39,000 --> 00:41:43,039
I have to follow what the state
says, or you know, nobody will

600
00:41:43,119 --> 00:41:45,880
let me do anything, and I
don't know you know, what I'm going

601
00:41:45,920 --> 00:41:49,280
to do. So I just think
it's important to go through that level of

602
00:41:49,280 --> 00:41:52,239
preparation, which is, you know, most of the things I talk about

603
00:41:52,280 --> 00:41:55,320
in the chapter about fighting back are
common sense things that you should probably do

604
00:41:55,480 --> 00:42:00,000
anyway, and you know, diversification
and you know, certain behavioral things.

605
00:42:00,320 --> 00:42:05,880
They're just good basic practices, but
they take on a new meaning as you

606
00:42:05,960 --> 00:42:08,199
kind of see, you know,
the different shifts that are happening here,

607
00:42:08,400 --> 00:42:14,280
and some of these you know,
very specific proposals that are being said allowed,

608
00:42:14,320 --> 00:42:19,000
there's no secret to them. Okay, I like cash. I love

609
00:42:19,039 --> 00:42:21,360
cash. I'm holding up with the
camera right now. My father's paper,

610
00:42:21,599 --> 00:42:27,320
father's money clip, which I carry
around. But I you can't run a

611
00:42:27,320 --> 00:42:32,760
lot. Let me just see that. It was a pretty wild what's end?

612
00:42:32,960 --> 00:42:36,719
It's only a watch. I'm sorry. My father always told me that,

613
00:42:36,880 --> 00:42:37,800
you know, if you've got a
full tank of gas and fifty bucks

614
00:42:37,840 --> 00:42:42,440
in your pocket, you're a freeman. And he was right. What it's

615
00:42:42,639 --> 00:42:46,079
so convenient to just walk up to
a terminal and tap my watch and it's

616
00:42:46,239 --> 00:42:50,199
done. It's convenient at the end
of the day not to have to empty

617
00:42:50,199 --> 00:42:52,960
out change what am I gonna with? Change? The things? Barely take

618
00:42:52,960 --> 00:42:54,400
it they want to roll it for
you anymore. And it leads me to

619
00:42:54,440 --> 00:42:58,920
believe that's so much of what we're
talking about here. I never really think

620
00:42:58,920 --> 00:43:02,679
that there's some big conspiracy, because
that invests in them more intelligence and foresight

621
00:43:02,760 --> 00:43:07,679
than they've ever demonstrated that they have. Rather, it's a confluence of things

622
00:43:07,679 --> 00:43:10,199
that make a certain sort of world
come about, and everybody gets used to

623
00:43:10,239 --> 00:43:15,039
it with a boiling frog effect.
Part of it is the ease of payment

624
00:43:15,000 --> 00:43:19,679
means that if they say we're gonna
you don't want that digital dollars, Well

625
00:43:19,719 --> 00:43:22,119
what am I using now? I'm
using a digital dog. Well they'll be

626
00:43:22,199 --> 00:43:25,039
able to track where you got.
Well they can track what I'm doing now.

627
00:43:25,079 --> 00:43:28,079
I mean, it's a big I'm
not doing it. So people get

628
00:43:28,119 --> 00:43:30,440
used to that. It used to
be that I would buy Adobe Photoshop and

629
00:43:30,440 --> 00:43:35,440
it would work until computers changed enough
and it fell out of whatever. I

630
00:43:35,480 --> 00:43:37,320
can't do that anymore. I rent
it. But on the other hand,

631
00:43:37,360 --> 00:43:39,639
I can use it from any computer
I want. I get a new computer

632
00:43:39,679 --> 00:43:45,039
and it's already there. It's seamless, it's easier. It's so much easier

633
00:43:45,599 --> 00:43:47,800
to rent these things. So much
of what they's selling us is an

634
00:43:47,840 --> 00:43:52,239
easiness. But I hit my wall
the one point at which I say,

635
00:43:52,400 --> 00:43:55,239
and I grate against a lot of
these things I do. I just I

636
00:43:55,519 --> 00:43:59,519
want to own things. I want
things to be tangible. I agree with

637
00:43:59,519 --> 00:44:01,440
you, a house is important,
even though at the back of my head

638
00:44:01,480 --> 00:44:06,360
I know that when the mortgage is
completely paid off, I missed my taxes

639
00:44:06,360 --> 00:44:08,920
and they take it from me.
So I'm not sure how much that ownership

640
00:44:08,960 --> 00:44:13,119
thing. In the end really matters
there. But I reached the end when

641
00:44:13,159 --> 00:44:16,199
I saw an ad on Twitter for
what looked to be a really interesting water

642
00:44:17,000 --> 00:44:22,079
shower faucet, very stylish, and
it wasn't Bluetooth enabled either, which is

643
00:44:22,079 --> 00:44:24,519
great, didn't have an app connected
to it, which is even better.

644
00:44:24,960 --> 00:44:28,880
So I click on the ad and
I'm looking at it and pricing it out.

645
00:44:30,760 --> 00:44:37,360
The shower faucet head ran on a
subscription model. No oh no,

646
00:44:37,559 --> 00:44:40,039
it's not possible. It did.
And I looked at that and I said,

647
00:44:40,079 --> 00:44:44,239
you cannot be serious. I mean, I'm used to the subscription thing

648
00:44:44,239 --> 00:44:45,280
with software all the time now,
and I known by it because of it

649
00:44:45,400 --> 00:44:49,800
very and it had to do with
the filters. You signed up for it,

650
00:44:49,840 --> 00:44:52,360
and every so often they would send
you the filter. But the idea

651
00:44:52,440 --> 00:44:57,719
that something so quotitian as my bloody
shower head, which I stare at every

652
00:44:57,800 --> 00:45:01,760
day would require a subscription, then
again, if you own nothing and you

653
00:45:01,800 --> 00:45:05,159
don't have to worry about it breaking
down and all you have to do is

654
00:45:05,159 --> 00:45:07,960
just to have an automatic debit,
you know, there's a lot less friction

655
00:45:08,000 --> 00:45:10,840
in your life. And so many
things that people are getting used to these

656
00:45:10,920 --> 00:45:16,760
days, the frictionlessness of it sort
of trains them psychologically to say I can

657
00:45:16,880 --> 00:45:22,000
see what they're talking about and it
may not be so bad. But I'll

658
00:45:22,000 --> 00:45:23,519
ask this is long winded thing which
not even as a question, but a

659
00:45:23,519 --> 00:45:27,599
speech of some starts. I'll end
with this. It seems to me that

660
00:45:27,800 --> 00:45:31,559
what these guys are doing, they're
just they're techno futuristic, you know,

661
00:45:34,199 --> 00:45:39,119
dreamers who believe that somehow we're here, the perfect Star Trek future is here,

662
00:45:39,559 --> 00:45:44,280
and in between, there's some stuff
that happens that we get to there

663
00:45:44,800 --> 00:45:47,719
once. The most important thing you
think that we should look for, that

664
00:45:47,840 --> 00:45:54,519
says oh rubicon crossed alert alert.
This is the thing that really means we're

665
00:45:54,519 --> 00:46:00,280
in trouble when it comes to the
WF future being right und the corner.

666
00:46:00,480 --> 00:46:02,920
James, you said so many great
things there that I want to talk about

667
00:46:04,000 --> 00:46:06,239
all that, I'll just give you
them my highlights. I can answer the

668
00:46:06,360 --> 00:46:08,760
question. First one is that they
don't really know what they're doing. Okay,

669
00:46:08,800 --> 00:46:14,119
So when you go into a casino
and they have shifted from cash to

670
00:46:14,400 --> 00:46:17,440
chips and now to digital cards,
do you think they didn't know what they

671
00:46:17,480 --> 00:46:20,519
were doing or do they think they
knew that? Oh? No, no,

672
00:46:20,519 --> 00:46:22,239
no, no, I know,
I agree exactly. No, psychologically

673
00:46:22,280 --> 00:46:27,039
do. I'm talking about, you
know, the individual constituent elements may indeed

674
00:46:27,119 --> 00:46:30,800
know what they are doing about the
thing that they do. I'm talking about

675
00:46:30,840 --> 00:46:36,920
the general concatenation of all working in
some sort of devious spectrum blowfield like concert

676
00:46:36,960 --> 00:46:39,280
to to achieve. So here's what
I think. I think that the world

677
00:46:39,400 --> 00:46:44,760
is shifting. We know that the
US has too much debts, they're getting

678
00:46:44,800 --> 00:46:51,519
desperate, We're on a unsustainable financial
trajectory. We're seeing things like dedollarization happen

679
00:46:51,840 --> 00:46:54,199
and power you know, shifts happen
around the globe. I think your guys

680
00:46:54,239 --> 00:46:59,480
first part of the podcast was talking
a little bit about some of those things,

681
00:47:00,119 --> 00:47:04,039
and the people who are the wealthy
and the well connected, who are

682
00:47:04,119 --> 00:47:07,519
not stupid, see that happening,
and they don't want to hope that things

683
00:47:07,559 --> 00:47:10,840
work out for them. They want
to control it in a way that's happening

684
00:47:12,599 --> 00:47:15,719
or that they can and make sure
that they are on top of what is

685
00:47:15,760 --> 00:47:19,840
happening. And I do think that
it's different. It's big tech is different

686
00:47:20,079 --> 00:47:22,320
than the FED in the government,
which is different than the World Economic Forum,

687
00:47:22,320 --> 00:47:25,280
which is different than big business.
The challenges that we have all of

688
00:47:25,320 --> 00:47:30,920
these different forces coming at us at
once, and sometimes what they're trying to

689
00:47:30,960 --> 00:47:34,559
do overlaps, and sometimes it doesn't. So sometimes they'll work together and sometimes

690
00:47:34,559 --> 00:47:37,800
they may not. But in each
of those cases, we have to be

691
00:47:37,840 --> 00:47:42,280
aware and understand that the decisions that
we're making, and you know, us

692
00:47:42,320 --> 00:47:47,760
not pushing back creates more of that
reality of this barbelling of the population when

693
00:47:47,800 --> 00:47:52,400
you talk about this um, you
know, kind of these people who think

694
00:47:52,440 --> 00:47:54,280
that they know better and that they're
doing for the benefit. There's a story

695
00:47:54,320 --> 00:47:59,679
that I share in the book that's
based on a vintage Twilight Zone episode and

696
00:47:59,679 --> 00:48:04,840
you might know the episode, but
basically, these aliens come down to Earth

697
00:48:05,280 --> 00:48:07,400
and obviously the people of Earth they're
like, hey, why are you on

698
00:48:07,440 --> 00:48:10,840
our planet? And the aliens say, you know, we've been watching you.

699
00:48:10,840 --> 00:48:15,639
You have war, you have famines, we have technology that solves for

700
00:48:15,679 --> 00:48:20,519
all of these things. We just
feel bad that you guys are going through

701
00:48:20,519 --> 00:48:22,519
this and we want to help you. And you know, the people of

702
00:48:22,559 --> 00:48:25,199
Earth are like kind of skeptical about
this, right, They're like, I

703
00:48:25,239 --> 00:48:29,199
don't know that they really want to
help us. That sounds like why would

704
00:48:29,199 --> 00:48:30,760
they want to help us. That
seems weird. Maybe we should give the

705
00:48:30,760 --> 00:48:35,039
guy a lie detect your test.
So they give the alien a lie Detect

706
00:48:35,039 --> 00:48:37,519
your tests and he passes it with
flying colors. Well, meanwhile, he

707
00:48:37,039 --> 00:48:43,280
leaves behind his like his playbook is
manual, and somebody from the CIA Grit

708
00:48:43,320 --> 00:48:46,679
organization goes and they decode the cover
and it says to serve Man. And

709
00:48:46,719 --> 00:48:50,280
they're like, well, you know
they said they want to serve Man,

710
00:48:50,639 --> 00:48:52,840
and you know that he passed that. They like, they just want to

711
00:48:52,880 --> 00:48:57,360
help. So they start using the
technology and it's starting to work great and

712
00:48:57,400 --> 00:49:00,320
everyone's really happy with it. So
then they're like, well, we should

713
00:49:00,320 --> 00:49:02,400
go visit their planet, and they
invite to the Aliens invite the people of

714
00:49:02,559 --> 00:49:07,000
Rope to their planet, and they
start boarding spaceships and all these people are

715
00:49:07,079 --> 00:49:08,800
leaving Earth, and well the CIA
guys is like, oh, I'm gonna

716
00:49:08,800 --> 00:49:12,960
go too, that sounds fun.
He starts boarding the plane and one of

717
00:49:13,000 --> 00:49:17,480
the code crackers gets further into the
book to Serve Man and realizes as she's

718
00:49:17,639 --> 00:49:24,079
running to the spaceship, Steve,
do you want to give the line fuck

719
00:49:25,000 --> 00:49:30,760
thir in the book? And that's
the thing, James, I want people

720
00:49:30,800 --> 00:49:34,719
to take away is what. Okay, but who's the actor who played the

721
00:49:34,760 --> 00:49:38,079
main alien? Tell me that,
Oh no, it doesn't matter, It

722
00:49:38,079 --> 00:49:44,400
doesn't matter who it is. You
know, Ted Cassidy. Okay, well,

723
00:49:45,159 --> 00:49:51,079
okay, so urch Ted Cassidy in
mind. And when they say we're

724
00:49:51,159 --> 00:49:53,519
just doing this to help you,
we're trying to create a better future.

725
00:49:53,559 --> 00:49:58,400
It's great for you, which again, not us, not me, but

726
00:49:58,559 --> 00:50:01,280
for you. I'm I'm just here
for the children, and I'm just here

727
00:50:01,320 --> 00:50:08,199
to deserve. Man. Man,
if we can't, if we can't take

728
00:50:08,280 --> 00:50:12,679
one look at Klaus Schwab and realize
that he's lurched from a certain man,

729
00:50:12,760 --> 00:50:17,880
then we're really lame. Robbie had
one sent the one thing just because you

730
00:50:17,880 --> 00:50:21,920
know, we try to innovate all
sorts of different things. Right, But

731
00:50:21,920 --> 00:50:28,039
it seems like what you're saying is
ony house is good, saving money is

732
00:50:28,079 --> 00:50:32,199
good, diversifying your retirements, saying
you're saving and investing because if you just

733
00:50:34,679 --> 00:50:37,760
leave it in that form factor right
question. Yeah, okay, So saving

734
00:50:37,800 --> 00:50:44,000
and investing for the future is good
and making sure that um that those funds

735
00:50:44,159 --> 00:50:49,000
are diversified so that you hedge against
this, and you hedge against that,

736
00:50:49,039 --> 00:50:52,880
and you pretty much come out even, um, that seems like basic advice.

737
00:50:53,320 --> 00:50:59,440
I mean yeah, and also like, how do we how do we

738
00:51:00,639 --> 00:51:01,920
veer away from that? I mean, you know, my dad gave that

739
00:51:01,960 --> 00:51:06,800
advice, and I think his father
probably game like, how do how do

740
00:51:06,840 --> 00:51:12,559
we make sure that we just don't
stray from that? Again, Well,

741
00:51:12,559 --> 00:51:15,079
we have to first of all,
get people to read things like the book

742
00:51:15,119 --> 00:51:21,639
and understand this information. I think
most people haven't gone down the path of

743
00:51:21,679 --> 00:51:25,679
financial literacy. I think there has
been an intentional shift away from financial literacy.

744
00:51:25,719 --> 00:51:30,320
I mean, we pay for the
schools. If we wanted that to

745
00:51:30,400 --> 00:51:32,360
be part of the program, that
would have been part of the program.

746
00:51:32,360 --> 00:51:37,280
But if that was part of the
program, then the government couldn't nationalize student

747
00:51:37,400 --> 00:51:42,639
lending and enable a wholesale wealth transfer
from young people to colleges and their administrators

748
00:51:42,639 --> 00:51:46,320
and get them more dependent on the
government. So I think it's the schools

749
00:51:46,320 --> 00:51:50,519
are busy, as you know,
teaching pronouns. So it's not you know,

750
00:51:50,559 --> 00:51:52,239
you don't e want to get me
started on what my old library is

751
00:51:52,280 --> 00:51:59,599
teaching. M Yeah, it's crazy. I mean we need to equip first

752
00:51:59,599 --> 00:52:00,880
of all, you know, there
are a lot of adults that don't have

753
00:52:00,920 --> 00:52:05,480
strong financial literacy, so we have
to kind of start with them, and

754
00:52:05,519 --> 00:52:09,320
we do have to make a commitment
to find ways to get young people more

755
00:52:09,360 --> 00:52:13,800
involved and make it more interesting to
them, because you know, for whatever

756
00:52:13,880 --> 00:52:17,440
reason, people like to look at
the shiny new things and the stupid stuff

757
00:52:17,440 --> 00:52:22,199
on TikTok and whatever, and nobody
seems to care about their their financial wellness,

758
00:52:22,840 --> 00:52:27,599
you know, as as something maybe
because we've been so prosperous for so

759
00:52:27,639 --> 00:52:31,519
long and they just haven't felt the
need that they had to. So I

760
00:52:31,559 --> 00:52:35,559
do think it's a concerted effort.
And you know, I see this in

761
00:52:35,599 --> 00:52:38,840
the medium. I mean people,
the business and finance people kind of get

762
00:52:38,840 --> 00:52:43,480
relegated into this side space. Oh
no, we have to talk about this

763
00:52:43,760 --> 00:52:46,400
other newsy stuff here. But like
when with the last time we had a

764
00:52:46,480 --> 00:52:54,039
march on Washington over student debt and
predatory government lending and the Federal Reserve and

765
00:52:54,400 --> 00:52:59,320
flat I mean never but like you
know, oh, somebody you know put

766
00:52:59,320 --> 00:53:01,880
a face on about like can or
something, and everybody goes wild over that.

767
00:53:01,920 --> 00:53:07,480
I'd like to see that same level
of outrage over the financial foundation because

768
00:53:08,039 --> 00:53:10,880
the other stuff is going to shift
and change and it's going to constantly be

769
00:53:10,920 --> 00:53:14,159
moving and if it goes in one
direction, you can get it back.

770
00:53:14,960 --> 00:53:20,280
Once the financial foundation is broken,
like that's it. We don't know how

771
00:53:20,320 --> 00:53:23,639
that gets put back together. And
the thing that worries me the most is

772
00:53:23,679 --> 00:53:27,639
if you look at the shifts in
the global financial order. You know,

773
00:53:27,679 --> 00:53:30,320
before us, it was Britain,
Before them, it was the Dutch.

774
00:53:30,760 --> 00:53:34,400
When we move from Britain to the
US, you know, the USO standing

775
00:53:34,559 --> 00:53:40,400
as this like bastion of free market
ideals and private property and wealth creation opportunities

776
00:53:40,440 --> 00:53:45,000
to step into that role. The
folks who are trying to step into that

777
00:53:45,119 --> 00:53:52,719
role right now are like bastions of
tyranny and dictatorships and really bad actors.

778
00:53:53,159 --> 00:53:59,159
So if the US isn't going to
survive and thrive, like who is,

779
00:53:59,239 --> 00:54:00,559
you know what's going to happen.
You're not here just here in the US

780
00:54:00,599 --> 00:54:05,239
and for the future, but in
the world with the global financial situation,

781
00:54:05,360 --> 00:54:08,800
So we have to get this tight
or you know, it's going to shift

782
00:54:09,000 --> 00:54:15,719
what happens on a global basis.
The book is you their own, not

783
00:54:15,880 --> 00:54:19,639
sing and we advise you to buy
it in the hardcover, of course,

784
00:54:19,679 --> 00:54:22,719
because they can't digitally alter it.
Right now if they want, if they

785
00:54:22,719 --> 00:54:25,440
want to alter the copy of Carol
Roth's new book, they have to come

786
00:54:25,480 --> 00:54:29,000
to your house in the middle of
the night with a sharpie and an exactive

787
00:54:29,079 --> 00:54:31,719
knife and change things. So you
buy the book in physical form as a

788
00:54:31,719 --> 00:54:36,559
metaphor for the physical form that we
should all inhabit. To keep in mind

789
00:54:36,599 --> 00:54:40,719
going forward. Carol, it's been
fascinating and lots of fun. Write another

790
00:54:40,719 --> 00:54:44,719
book soon quick, so we can
have you on or we'll just GM up

791
00:54:45,119 --> 00:54:47,880
you guys, so much fun to
chat with you again and appreciate the time

792
00:54:47,920 --> 00:54:53,039
of the conversation. Okay, bye, good bye bye. Should also note

793
00:54:53,039 --> 00:54:57,599
that this is a digital medium,
the podcast but whatnot, and that means

794
00:54:57,599 --> 00:55:00,480
that we can actually just do what
they used to do in the old days,

795
00:55:00,480 --> 00:55:02,039
which was to pull up, you
know, bring up the horse in

796
00:55:02,079 --> 00:55:05,079
the carriage in the middle of the
town and then the guy gets out and

797
00:55:05,079 --> 00:55:08,199
sells you old time mcgilla Cutty's elixirs
to all the folks and holds it up

798
00:55:08,199 --> 00:55:10,039
and pass it around. You can
smell it and you can drink it.

799
00:55:10,079 --> 00:55:15,039
We can't do that here because digital, but we got something else to tell

800
00:55:15,039 --> 00:55:16,159
you about it. It's just as
good. A matter of fact, it's

801
00:55:16,199 --> 00:55:23,320
even better. Hello. I'm Dennis
Neil and here's what's bugging me. The

802
00:55:23,440 --> 00:55:29,119
media are burying some of the biggest
scandals of our lifetime, and I'm here

803
00:55:29,119 --> 00:55:31,440
to call them out on it and
make fun of them for it. The

804
00:55:31,480 --> 00:55:37,639
Twitter files and government censorship, the
Biden documents, the Hunter laptop, the

805
00:55:37,760 --> 00:55:43,159
lies of the FBI, and the
Russia Gate hoax, China spy balloons and

806
00:55:43,280 --> 00:55:49,039
toxic chemical burnoffs. Join me to
hear things no other journalist will dare tell

807
00:55:49,079 --> 00:55:52,599
you. All that and more on
What's bugging Me? Available for download and

808
00:55:52,800 --> 00:55:59,920
streaming every Thursday right here on the
Ricochet Audio Network and wherever you get your

809
00:56:00,159 --> 00:56:13,960
podcasts Ricochet. Join the conversation well
before we go, and we're not going

810
00:56:14,079 --> 00:56:16,199
anywhere soon. But you know,
the end is insight. It has to

811
00:56:16,239 --> 00:56:20,039
be. This is not like one
of those nine hour podcasts that Dan Carlin

812
00:56:20,119 --> 00:56:22,760
does. I love Dan Carlin,
but honest to God, sometimes it's like

813
00:56:22,760 --> 00:56:27,360
I turn it on its nine hours
of one week in the Pacific War and

814
00:56:27,400 --> 00:56:30,599
it's uh, it's great, great
for road trips anyway. Uh, speaking

815
00:56:30,599 --> 00:56:34,639
of road trips, Rob, you
want people to get into the car that

816
00:56:34,719 --> 00:56:37,519
they own, yes, that you
own the lease whatever, like I don't

817
00:56:37,519 --> 00:56:39,280
know why you have to own a
car. That is an example of the

818
00:56:39,440 --> 00:56:45,280
longest lift, an exemplar of you
know freedom. As you know James that

819
00:56:45,480 --> 00:56:50,280
the fun of Ricochet are the people
and the people. Sometimes people we fellow

820
00:56:50,320 --> 00:56:54,320
your fellow Ricochet club members will you
know, inter getting conversations and debates and

821
00:56:55,119 --> 00:57:00,000
sometimes just weird celebrations of things online. But we also like to get together.

822
00:57:00,079 --> 00:57:02,159
I r L in real life.
Right now, as we speak,

823
00:57:02,559 --> 00:57:07,800
there's a meetup Rickchee meet up happening
Winston Salem, so our shout out to

824
00:57:07,840 --> 00:57:12,840
those guys and hope they're having a
good time. On July eighteenth, there's

825
00:57:12,840 --> 00:57:15,320
going to be one in Portland,
Oregon, which I really think anyone,

826
00:57:15,719 --> 00:57:21,440
any Ricochet member who's even it's even
possible to get there, I want you

827
00:57:21,480 --> 00:57:22,599
to go because I want to see
some I want to see them on the

828
00:57:22,599 --> 00:57:28,360
ground. Reporting from Ricochet members on
Portland. My guess is that there are

829
00:57:28,360 --> 00:57:30,000
parts of Portland where you could be
and it's it's like a tornado. Like

830
00:57:30,079 --> 00:57:34,199
you're there and it's like this great, look, how beautiful this is,

831
00:57:34,199 --> 00:57:37,000
and then you like you turn a
corner and suddenly there's just devastation. But

832
00:57:37,079 --> 00:57:42,320
you know that's a that's a Ricochet
member task. There. There's a German

833
00:57:42,360 --> 00:57:45,519
Fest meet up in Milwaukee on July
twenty eighth through July thirtieth. That's that

834
00:57:45,559 --> 00:57:47,719
weekend, So if you're in that
area, you should go and Cookville,

835
00:57:47,760 --> 00:57:52,760
Tennessee Labor Day weekend, Cookville,
Tennessee September one through four. So those

836
00:57:52,760 --> 00:57:55,760
are the ones coming up for the
summer. There'll be more obviously the autumn.

837
00:57:55,800 --> 00:57:58,719
If you want to go to one, please do. If you will

838
00:57:58,760 --> 00:58:00,480
not go to one and you're not
a member of Ricochet, that's a simple

839
00:58:00,519 --> 00:58:05,840
solution to that. Join Ricochet.
Actually join Ricochet. And if you can't

840
00:58:05,840 --> 00:58:07,159
go to any of those and you
really want to have one, put up

841
00:58:07,239 --> 00:58:12,079
a post on the member feed saying
how about our meet up in X place

842
00:58:12,280 --> 00:58:15,559
at why time? And I guarantee
you Ricochet members will show up, because

843
00:58:15,559 --> 00:58:19,280
that's what we do. We show
up. Cannot shame Charles C. W.

844
00:58:19,480 --> 00:58:22,840
Cook to going to Cookville. Then
Oh, that's a good idea.

845
00:58:22,880 --> 00:58:24,559
I've got to feel that out.
Yeah, let's tell him that the town

846
00:58:24,639 --> 00:58:29,719
named themselves for him like that?
Right would believe that zeal for No,

847
00:58:29,800 --> 00:58:34,159
he wouldn't not for a moment.
Well, all right, other things here,

848
00:58:34,440 --> 00:58:37,039
cultural wars. I think we were
talking at the beginning of the show

849
00:58:37,199 --> 00:58:40,559
about how you conservatives are always starting
culture wars. Oh it's just chin and

850
00:58:40,599 --> 00:58:45,639
up this nonsense over nothing. I
guarantee you tomorrow it's going to be right

851
00:58:45,719 --> 00:58:50,199
wing loses its mind or is melting
down. Two things I never never enjoy

852
00:58:50,280 --> 00:58:54,760
seeing about anything over Disney snow White
casting. I think that will be the

853
00:58:55,280 --> 00:59:00,760
latest thing. So Disney does this
whole recasting of snow White, the white

854
00:59:00,840 --> 00:59:06,119
part being particularly problematic, and then
there's a reaction to it, which is

855
00:59:06,159 --> 00:59:08,559
basically scorn and laughter and pointing and
going haha, because that's precisely what we

856
00:59:08,559 --> 00:59:12,039
thought that they would do. And
I was looking at that and thinking,

857
00:59:12,039 --> 00:59:13,719
you know, when I was a
kid and I saw that movie, and

858
00:59:13,760 --> 00:59:16,360
I saw all the Disney movies,
I never thought that the dwarves were I

859
00:59:16,400 --> 00:59:22,679
never thought that they were physically handicapped, that they were there's something wrong with

860
00:59:22,719 --> 00:59:25,320
them. There was just short,
you know, a little shortly as the

861
00:59:25,360 --> 00:59:30,159
big heads, and they were they
were industrious, for heaven's sakes, They

862
00:59:30,239 --> 00:59:34,320
went to work every single day.
And they I could never figure out whether

863
00:59:34,360 --> 00:59:37,719
or not their attributes were derived from
their nomenclature or the other way around.

864
00:59:37,920 --> 00:59:40,079
Is that the way it isn't their
culture. They give you that name at

865
00:59:40,079 --> 00:59:44,960
birth and you are fulfilled that you
are destined then to your mold your personality

866
00:59:44,960 --> 00:59:47,000
around it. Or do they actually
have some long, unpronounceable names and the

867
00:59:47,000 --> 00:59:52,480
ones they used for human facing or
their attributes emotionally. So there's a lot

868
00:59:52,519 --> 00:59:53,599
too, but that's all going to
be lost in a new version because they're

869
00:59:53,639 --> 00:59:57,280
no longer dwarves. They're going to
be forest people in non binary and the

870
00:59:57,320 --> 01:00:00,880
rest of it. It's ridiculous,
etc. But bub bub bub bud,

871
01:00:00,440 --> 01:00:05,440
Stephen, let me ask you this. Iger. Bob Iger sat down with

872
01:00:05,480 --> 01:00:07,800
c NBC a little while ago and
said, quote, the last thing I

873
01:00:07,880 --> 01:00:10,000
want to do for the company is
to be drawn into any culture wars.

874
01:00:12,239 --> 01:00:16,519
Okay, uh yeah, okay,
and also said he's open to selling ABC

875
01:00:16,639 --> 01:00:20,360
and the ESPN and the rest of
it. The company attempts to make money

876
01:00:20,719 --> 01:00:24,199
or keep money Disney and trouble American
icon and that's the face. So what

877
01:00:24,239 --> 01:00:27,679
do you think is that a white
flag? Was that them saying you know

878
01:00:27,719 --> 01:00:30,079
what we got so many things coming, you know, in the pipeline.

879
01:00:30,920 --> 01:00:32,400
Hey, yeah, what am I
gonna do? But in the future,

880
01:00:32,519 --> 01:00:37,480
going forward, we don't want to
be involved in any culture wars. Yeah.

881
01:00:37,519 --> 01:00:39,840
I mean two thoughts at least to
open up. One is, of

882
01:00:39,840 --> 01:00:43,599
course this new Rob knows this better
than I do, but just a long

883
01:00:43,760 --> 01:00:47,000
lead time for making these movies.
And so this decision to cast a person

884
01:00:47,000 --> 01:00:51,199
of color and change around the Dwarves
was made what two, three, four

885
01:00:51,280 --> 01:00:55,719
years ago probably, And my point
is, if they were starting today to

886
01:00:55,800 --> 01:00:59,920
make the decision to make a new
version of Snow White, I'm not sure

887
01:01:00,000 --> 01:01:02,400
would turn out the way it has
turned out now. And behind that point

888
01:01:02,480 --> 01:01:07,920
number two is I think the corporate
world is shocked at what you've seen happen

889
01:01:08,000 --> 01:01:10,960
to bud Light, which is now
the latest figure I saw slipped a number

890
01:01:10,960 --> 01:01:15,679
fourteenth in the Bear sales list,
having been number one for several decades.

891
01:01:16,280 --> 01:01:21,559
And there's other things. I mean, Disney Park attendance is way down.

892
01:01:21,800 --> 01:01:23,199
Some people say, well, it's
because the prices have gotten too high.

893
01:01:23,239 --> 01:01:27,559
Maybe that's true. I wouldn't surprise
me. I've always thought that Disney was

894
01:01:27,559 --> 01:01:30,400
an amazing the parks we're an amazing
machine to separate you from your currency,

895
01:01:30,800 --> 01:01:35,679
your physical currency, and their genius
is at that. And maybe they've overdone

896
01:01:35,719 --> 01:01:38,079
that. I don't know, but
I think corporate America now was waking up

897
01:01:38,079 --> 01:01:43,599
to the fact that a wokerie is
I mean, we overdo the woke,

898
01:01:43,639 --> 01:01:47,320
go broke business. But we're now
actually seeing that conservatives are flexing their market

899
01:01:47,360 --> 01:01:52,360
power in ways that you've never really
seen before on this scale. And I

900
01:01:52,360 --> 01:01:54,880
think they've got one attention of corporate
question for Rob question for Rob here.

901
01:01:55,039 --> 01:01:59,079
David French disagrees, and I believe
so. In the newspaper today, he

902
01:01:59,119 --> 01:02:02,000
was saying that actually, these companies
are not doing their companies are doing this

903
01:02:02,039 --> 01:02:07,880
because they are embracing the directions in
which American people are increasingly going. Well,

904
01:02:07,920 --> 01:02:09,679
I don't know. I mean,
look, if if, if the

905
01:02:09,760 --> 01:02:14,360
if show business companies could actually predict
what people want, they wouldn't be in

906
01:02:14,400 --> 01:02:16,360
the trouble they're in right now.
They're they're in terrible trouble financially, they're

907
01:02:16,400 --> 01:02:20,199
they're you know, they're when when
you you know, when when you're laying

908
01:02:20,239 --> 01:02:22,920
off thousands and thousands of people in
your company, it's not because you've managed

909
01:02:22,920 --> 01:02:24,599
it right. It's because you made
big, big, big fat mistakes,

910
01:02:24,639 --> 01:02:29,000
which they've done right. They've alienated
two of the giant trade unions that are

911
01:02:29,039 --> 01:02:31,320
now on strike, the Writers Guild, who's like on their last legs.

912
01:02:31,360 --> 01:02:34,400
Son on a lot of last legs, but we've been on for a long

913
01:02:34,440 --> 01:02:36,719
time. They're weary, strike weary. Now they've been given a shot in

914
01:02:36,760 --> 01:02:39,079
the armor of the adrenaline with the
sad going out, so you're gonna have

915
01:02:39,159 --> 01:02:45,079
bigger you know, there's no place
for them to hide now, these companies,

916
01:02:45,079 --> 01:02:47,360
they're just everything shut down, which
is probably what they wanted. But

917
01:02:47,480 --> 01:02:50,880
you know the problem with the off
switches, you have to know how where

918
01:02:50,880 --> 01:02:53,960
the on switches, and so it's
one thing to turn the spick it off

919
01:02:54,000 --> 01:02:58,280
and you can kind of reset your
financials for the next two quarters and show,

920
01:02:58,440 --> 01:03:00,320
you know, kind of refigure out
what you're refigure who you're gonna pay

921
01:03:00,320 --> 01:03:02,360
and how you're going to pay them. But at some point you got to

922
01:03:02,400 --> 01:03:07,800
start back up again. And that's
I think that's what that's what guided Iger

923
01:03:07,960 --> 01:03:10,840
into saying he's a very smart guy. But Iger is talking about the things

924
01:03:10,880 --> 01:03:15,199
he'd like to sell, and he'd
probably like to sell them now, so

925
01:03:15,239 --> 01:03:17,239
that when the sun comes up again
and the strike is over, he doesn't

926
01:03:17,239 --> 01:03:21,079
have to worry about ABC and ESPN
and a bunch of other broadcast properties.

927
01:03:21,199 --> 01:03:22,400
I think that's wrong. I think
the broadcast properties in the future for these

928
01:03:22,400 --> 01:03:27,440
people, but they don't know it. But you look, you know that.

929
01:03:28,000 --> 01:03:34,000
To me, the argument for Disney
is like they have these classic titles,

930
01:03:34,840 --> 01:03:37,320
snow White, those kinds of things
which are great, and then they

931
01:03:37,360 --> 01:03:43,280
have this enormous ability to manage the
creative process, which they have shown like

932
01:03:43,360 --> 01:03:47,400
a thousand times in brilliance. I
mean, one of the best Disney cartoons

933
01:03:47,400 --> 01:03:52,119
of the reason in the past five
years was Coco, and it was great.

934
01:03:52,119 --> 01:03:53,639
I mean, my god, if
you haven't seen Coco, you had

935
01:03:53,719 --> 01:03:57,880
to see it. And I the
end of the y, the end of

936
01:03:57,920 --> 01:04:02,360
Pixar greatness was oh my god,
it's so beautiful. Who is just an

937
01:04:02,400 --> 01:04:10,199
absolutely stunkingly talented man. He's an
amazing guy. And I've had several conversations

938
01:04:10,199 --> 01:04:14,880
with him. Oh really, Oh
yeah, I started. I started emailing

939
01:04:14,880 --> 01:04:18,199
and tweeting with him a long time
ago, and we developed this back and

940
01:04:18,199 --> 01:04:24,199
forth conversation. He would have the
guys from like the team on Monsters,

941
01:04:24,239 --> 01:04:26,760
Inc. Sent my daughter, who
was about two or three at the time.

942
01:04:26,760 --> 01:04:30,599
It was just boo a shirt signed
with some from the end of Animators.

943
01:04:30,880 --> 01:04:34,280
Yeah. So what I'm saying that
that was a that was a movie,

944
01:04:34,400 --> 01:04:40,960
that that was about a non white
culture or set in Mexico. And

945
01:04:41,079 --> 01:04:44,719
I guess if you're kind of super
churalist, you could complain that it was

946
01:04:44,800 --> 01:04:45,960
woke in some way, but it
really wasn't. It was a movie about

947
01:04:46,000 --> 01:04:51,320
those people and it was incredibly brilliant. And like my argument to Disney is,

948
01:04:51,559 --> 01:04:56,320
do more of that. Do more
of that stuff. Take me when

949
01:04:56,320 --> 01:04:59,679
I go see a movie or TV
show, Take me someplace I haven't been.

950
01:05:00,440 --> 01:05:06,280
Don't try to give me moral or
character homework, which is what it

951
01:05:06,320 --> 01:05:11,000
always seems like to us when they
change the snow whites and the stuff.

952
01:05:11,000 --> 01:05:13,880
It's like, yeah, you're basically
telling me that I need to that I

953
01:05:13,920 --> 01:05:15,920
need to use and work on myself. No, that's not how it works.

954
01:05:15,960 --> 01:05:20,280
Well we're correcting. You tell me
a great story, and if it's

955
01:05:20,280 --> 01:05:24,159
said in Alaska, or it's said
in medieval Europe, or it's set in

956
01:05:24,239 --> 01:05:27,360
Mexico, or it's said, I
don't care where it's set. If it's

957
01:05:27,360 --> 01:05:30,159
a great story. It's gonna be
forever. I mean, I don't know.

958
01:05:30,280 --> 01:05:34,639
Is the Lion King? I mean
that's set in Africa? Is that

959
01:05:35,039 --> 01:05:41,559
I mean to do more of that. That's all diversity, Like with your

960
01:05:41,599 --> 01:05:44,239
stock portfolio we just talked about.
It is a good thing, right,

961
01:05:44,599 --> 01:05:46,480
But it doesn't mean you have to
go everything has to be a lesson where

962
01:05:46,599 --> 01:05:49,400
like you are? You know you
like those little dwarves, didn't you,

963
01:05:49,559 --> 01:05:53,599
James, Like, that's like you
were. You were laughing at stock and

964
01:05:53,920 --> 01:05:58,559
grumpy and snuffy and all those like
We're gonna change that around. No,

965
01:05:59,079 --> 01:06:03,360
stop retreading new, new, new
stories, new areas, new worlds.

966
01:06:03,440 --> 01:06:06,280
That's how you make show business work. Agreed, But what they want to

967
01:06:06,320 --> 01:06:11,880
do, you're absolutely right. But
the intention, or maybe not the intention,

968
01:06:11,880 --> 01:06:15,800
but certainly the second effect is to
replace those other stories, is to

969
01:06:15,840 --> 01:06:18,679
apologize for them, is to say
we were wrong in these representations. We're

970
01:06:18,679 --> 01:06:21,440
gonna make up for it by doing
this, and this will be the diversion.

971
01:06:23,000 --> 01:06:26,840
And so it edges the old one
off the stage because now we have

972
01:06:26,880 --> 01:06:29,800
this new one, which is better
and more correct. And it's a way

973
01:06:29,840 --> 01:06:31,480
of rehet conning their own history instead
of just saying, yeah, we made,

974
01:06:31,480 --> 01:06:33,960
but we made when we made it, So what get out of here?

975
01:06:34,199 --> 01:06:40,039
One of my tries possessions, which
I'm now regretting that I did not

976
01:06:40,360 --> 01:06:44,519
rip into my computer, was I
used to have like the six CD,

977
01:06:44,719 --> 01:06:49,119
six DVD set of like pretty much
every Looney Tunes ever. Oh yeah,

978
01:06:49,159 --> 01:06:56,360
and you know, fully a third
of them are what we might call problematic

979
01:06:56,360 --> 01:07:00,920
at this point. So everyone set
in Cowboy times where they're an Indian and

980
01:07:00,960 --> 01:07:03,719
there's like, I mean it,
but and I know you're not going to

981
01:07:03,760 --> 01:07:08,280
see him on TV. But they
are great, And I do feel like

982
01:07:08,320 --> 01:07:11,840
you're keeping the tablets, especially those
tablets is probably really important. I gotta

983
01:07:11,800 --> 01:07:13,800
have to dig that out and see
what I can see if I can just

984
01:07:13,800 --> 01:07:15,480
put it on, But then,
of course then i'll put it on.

985
01:07:15,000 --> 01:07:17,039
I'll put it, but I won't
save it on my computer, right,

986
01:07:17,039 --> 01:07:20,440
I'll save it in the cloud and
then it'll be there they can find it.

987
01:07:20,519 --> 01:07:24,800
Oh you have that one where bugs
money shoots at the Indians. You

988
01:07:24,840 --> 01:07:27,880
know, what do you mean?
You scanned all my photographs and did character

989
01:07:27,960 --> 01:07:30,000
recognition on every single one of them, right, It's like, well,

990
01:07:31,559 --> 01:07:35,920
you're not paying for this, you
know, we gave two gigabyte and there

991
01:07:36,000 --> 01:07:39,679
was this thing you scrolled down at
the end and signed, right, remember

992
01:07:39,719 --> 01:07:41,880
that whole thing, right, right? I know, so I have cloud

993
01:07:41,920 --> 01:07:45,519
services stuff too, But yeah,
you're right, So Steven, you would

994
01:07:45,519 --> 01:07:48,800
go to see a new movie that
Disney made, as would I at Pixar.

995
01:07:48,880 --> 01:07:50,800
For the rest of it, it
was a new idea. I mean,

996
01:07:51,159 --> 01:07:56,280
supposedly Elemental is not doing that bad. That's the latest Pixar movie.

997
01:07:56,320 --> 01:08:00,480
The decline of Pixar in the public
imagination is an extraordinary thing. All gonna

998
01:08:00,480 --> 01:08:01,480
be hits. You're gonna have to
like, there could be someone that don't

999
01:08:01,480 --> 01:08:04,199
work, all right, but every
one of them used to be an event

1000
01:08:04,559 --> 01:08:08,719
because there was something. There was
some way in which they had raised the

1001
01:08:08,719 --> 01:08:11,280
bar technically. There was there's something
new they were going to show us,

1002
01:08:11,320 --> 01:08:14,679
and you knew that you were going
to be flabbergasted by what you saw.

1003
01:08:15,000 --> 01:08:17,560
And you also knew that whatever technological
advance made this thing more immersive, it

1004
01:08:17,560 --> 01:08:21,880
wouldn't matter because what counted was the
storytelling bones behind it, which were un

1005
01:08:23,960 --> 01:08:30,199
unparalleled run of stories behind Pixar.
So now that's done, but you know,

1006
01:08:30,359 --> 01:08:31,520
they may come back, and that's
great. They may merge with Disney

1007
01:08:31,520 --> 01:08:36,359
Animation, which itself is a pretty
good shop. But Rob's right, new

1008
01:08:36,479 --> 01:08:41,920
stories from and the world bounds with
opportunities for them, as opposed to just

1009
01:08:41,960 --> 01:08:45,279
going and giving us one more blanquely
recorrected version of something they did before.

1010
01:08:45,439 --> 01:08:48,239
I mean, we're to the point
now where I think they're going to do

1011
01:08:49,439 --> 01:08:56,800
a remake of Song of the South. Oh, you know, an acceptable

1012
01:08:56,880 --> 01:09:00,079
version of Song of the South.
Man, know what I they do,

1013
01:09:00,159 --> 01:09:04,079
because I would love to see what
they come up with. See what they

1014
01:09:04,199 --> 01:09:08,359
come up with, ye a rep
version of Zippity Duda, you know,

1015
01:09:08,479 --> 01:09:14,000
I yeah, you know. I
for a long time thought that, uh

1016
01:09:14,119 --> 01:09:16,239
well, I put this way,
the Pixar movies were always not just technically

1017
01:09:16,720 --> 01:09:20,600
unique, but they were very original. Yea. And for a while I

1018
01:09:20,640 --> 01:09:23,960
was saying, I think we got
to have a law that only Pixar can

1019
01:09:24,039 --> 01:09:27,560
make children's movies. I thought,
I thought they were always better than the

1020
01:09:27,680 --> 01:09:30,119
dream Works movies. I mean,
the Shrek movies were fun, but you

1021
01:09:30,119 --> 01:09:33,239
know, the Shrek movies always had
you know, a baby boomer rock and

1022
01:09:33,359 --> 01:09:36,079
roll from the seventies and some of
their soundtracks for it, and that Okay,

1023
01:09:36,159 --> 01:09:39,720
they're winking at the adults a lot
of time sneaking those things, and

1024
01:09:39,840 --> 01:09:43,279
then picks Are didn't try to be
cute that way, and I thought they

1025
01:09:43,279 --> 01:09:46,399
were, you know, an ordered
magnitude better and maybe you know, you

1026
01:09:46,439 --> 01:09:49,720
just can't keep it up forever.
But so anyway, that was my due

1027
01:09:49,760 --> 01:09:54,039
for a long time, and I
was always astonished that they that that.

1028
01:09:54,159 --> 01:09:57,560
There were some years where like I
think for Cocoa, and I think for

1029
01:09:57,680 --> 01:10:01,800
Lion King, and I think for
the movie Up and definitely Toy Story.

1030
01:10:02,319 --> 01:10:05,720
Um, there was those years that
was absolutely, without a doubt, those

1031
01:10:05,720 --> 01:10:09,640
were the best movies made that year. They should have gotten Best Picture Oscars.

1032
01:10:09,640 --> 01:10:11,600
There was no reason not to give
them the Best Picture Oscar. They

1033
01:10:11,640 --> 01:10:16,000
were they they represented the greatest kind
of film storytelling you could do. And

1034
01:10:16,159 --> 01:10:18,479
uh, there was just that well
you know, they're animated, like so

1035
01:10:18,520 --> 01:10:23,840
what I mean they are? I
mean the first ten minutes of Up Area

1036
01:10:23,960 --> 01:10:30,159
devastates and astonishing, beautiful and and
what Wally went what twenty thirty minutes before

1037
01:10:30,199 --> 01:10:36,560
there was any dialogue from the bleakest
children's movie ever made, Rights made my

1038
01:10:36,680 --> 01:10:41,439
daughter is I was looking at this
within you know, a drained expression and

1039
01:10:41,520 --> 01:10:44,520
absolutely absorbed. And then of course
at the end of the movie, just

1040
01:10:44,560 --> 01:10:46,479
as just as a way of telling
a story. Here they do the entire

1041
01:10:46,600 --> 01:10:51,119
end credit sequence with a series of
escalating sophistication of the visual arts from you

1042
01:10:51,159 --> 01:10:56,640
know, from cave paintings to to
to to um as they can to vang

1043
01:10:56,840 --> 01:11:00,279
because they can. But when I
was talking, when I was communication back

1044
01:11:00,279 --> 01:11:01,760
and forth, leabot Coco because I
was so knocked out about it. There's

1045
01:11:01,760 --> 01:11:05,119
a scene they go to the afterlife. There's this big bureaucratic place which I

1046
01:11:05,119 --> 01:11:10,359
think is modeled after a hotel,
nouveaux hotel in Mexico City, which is

1047
01:11:10,359 --> 01:11:13,560
a gorgeous, gorgeous tiffany not tiffany, but stained glass roof in the rest.

1048
01:11:13,720 --> 01:11:15,199
And I said, what the reason
that this all works so well?

1049
01:11:15,800 --> 01:11:18,640
It's not because it's so beautifully conceived
an animator. But I have the feeling

1050
01:11:18,680 --> 01:11:24,000
that everybody who was involved in this, well, let's say there was one

1051
01:11:24,079 --> 01:11:28,880
guy whose job it would be to
research what kind of coins would be in

1052
01:11:28,920 --> 01:11:32,039
the pockets of these characters. Yeah, we would never see the coins,

1053
01:11:32,479 --> 01:11:36,880
but they would model the coins correctly
and they would be there, and maybe

1054
01:11:36,880 --> 01:11:42,119
there'd be a nanosecond where they're doing
the rigging and there's an impression of the

1055
01:11:42,359 --> 01:11:45,640
bar relief of the coin in somebody's
gossamer thin pants, And that level of

1056
01:11:45,680 --> 01:11:50,479
complete absorption in culture and idea is
what they just absolutely fantastically did. So

1057
01:11:50,600 --> 01:11:53,960
right, the dream Work stuff is
great because it's pop culture and it has

1058
01:11:53,960 --> 01:11:56,199
all the references, and it has
all the people making those you know,

1059
01:11:56,680 --> 01:11:58,720
you know, it's fine for what
it is, but you're right, I

1060
01:11:58,720 --> 01:12:01,399
would have let Pixar give all of
the stories over in the future. Last

1061
01:12:01,399 --> 01:12:06,199
thing, we'll end with this up. Do you know how exactly how they

1062
01:12:06,319 --> 01:12:13,880
shived Walt Disney's worst enemy in that
movie. It's a beautiful Oh well,

1063
01:12:14,319 --> 01:12:16,039
the villain if you remember that great
villain, the guy who was you know

1064
01:12:16,119 --> 01:12:20,039
in the in the Zeppelin and he's
up there. Yeah, it was named

1065
01:12:20,119 --> 01:12:27,079
Months. So he's named after the
guy who stole away Oswald the Rabbit,

1066
01:12:27,159 --> 01:12:30,520
the Lucky Rabbit from Walt Disney in
a copyright, rested it away from him

1067
01:12:30,560 --> 01:12:34,239
and forced Walt to create Weal Mickey
Mouse. So he was like the bad

1068
01:12:34,239 --> 01:12:36,880
guy to all the Disney lovers because
he, you know, he shafted our

1069
01:12:36,960 --> 01:12:41,479
hero Walt at one point and then
sixty seventy eighty years later they stuck the

1070
01:12:41,560 --> 01:12:44,840
name the character. So had he
not done it, we the people at

1071
01:12:44,880 --> 01:12:48,560
disney Land be wearing bunny ears.
Yeah, entirely possible. Oswald, well,

1072
01:12:48,560 --> 01:12:51,359
Oswald never got back to Mickey.
It took a long time before they

1073
01:12:51,399 --> 01:12:55,039
finally got back in cartoon for him. But I think they got back in

1074
01:12:55,119 --> 01:12:58,520
a video game, um where there
was just a lot of you know,

1075
01:12:58,520 --> 01:13:00,079
who owns the rights, and they
put it together like a Roger Rabbit thing,

1076
01:13:00,119 --> 01:13:04,960
and Mickey and Oswald the rabbit were
actually together again after all, whether

1077
01:13:04,920 --> 01:13:10,039
they're never apart or they're never together
originally, but they got together finally.

1078
01:13:10,479 --> 01:13:14,000
Story of how Walt created that is
all, of course part of the iconography

1079
01:13:14,000 --> 01:13:15,760
and mystery of Disney, and it
hates me and pains me. The way

1080
01:13:15,760 --> 01:13:18,760
to see this company has fallen in
the public imagination. But it's an entirely

1081
01:13:18,760 --> 01:13:23,960
self afflicted wound, just like tweeting
off something stupid about Iowa. There full

1082
01:13:23,960 --> 01:13:27,720
circle. We're done. Happy Day. Visit our sponsors. Go to Apple

1083
01:13:27,760 --> 01:13:30,560
dot com, give us our Apple
podcast, give us those five stars.

1084
01:13:30,600 --> 01:13:33,000
Wouldn't you Go to ricochet dot com
and sign up it's cheap, and yeah,

1085
01:13:33,079 --> 01:13:35,640
you know, it's kind of like
that filter on your shower faucet.

1086
01:13:35,720 --> 01:13:40,239
It is a subscription, but it
endlessly renews you in ways that you can't

1087
01:13:40,239 --> 01:13:43,439
imagine until you go there and get
into the conversation. Met tick you while

1088
01:13:43,960 --> 01:13:47,159
lurk all you like, make some
friends and we'd be delighted to have you

1089
01:13:47,199 --> 01:13:50,520
with ricochet dot com. Rob Long
is one of the founders. Peter Robinson

1090
01:13:50,640 --> 01:13:55,680
is another. But of course we've
loved to have Steven with us today and

1091
01:13:56,119 --> 01:13:58,640
gosh, guys, it's been great
to have a fine weekend. And we'll

1092
01:13:58,640 --> 01:14:04,880
see everybody in the comments and Ricochet
four point next week, Ricochet joined the conversation