WEBVTT

1
00:00:00.200 --> 00:00:29.600
<v Speaker 1>Hm though radical fundamental principles of freedom, national self interest,

2
00:00:30.879 --> 00:00:32.280
<v Speaker 1>and individual wise.

3
00:00:35.240 --> 00:00:42.399
<v Speaker 2>This is the Uran book show. Oh right, everybody, welcome

4
00:00:42.399 --> 00:00:45.200
<v Speaker 2>to your own book show on this.

5
00:00:46.640 --> 00:00:49.280
<v Speaker 3>Sunday, April sixth.

6
00:00:49.640 --> 00:00:54.799
<v Speaker 2>I am in Israel, as the title suggests, and I

7
00:00:54.799 --> 00:00:56.119
<v Speaker 2>think today we do uh.

8
00:00:56.240 --> 00:00:58.159
<v Speaker 3>It's late here, so like.

9
00:00:58.200 --> 00:01:04.159
<v Speaker 2>Yesterday, it's it's uh it is ten pm at night.

10
00:01:04.359 --> 00:01:10.040
<v Speaker 2>I think we do a short show today, just covering

11
00:01:10.159 --> 00:01:15.120
<v Speaker 2>some more stuff on the trade, on other things going

12
00:01:15.159 --> 00:01:18.719
<v Speaker 2>on in the world and in the United States. Maybe

13
00:01:18.760 --> 00:01:25.719
<v Speaker 2>a quick update on things happening here in Israel, just

14
00:01:26.200 --> 00:01:28.760
<v Speaker 2>to give you a quick update. Somebody's asking if I'm

15
00:01:28.799 --> 00:01:31.959
<v Speaker 2>hearing any bombs. I am not, and that's because I'm

16
00:01:32.000 --> 00:01:34.239
<v Speaker 2>in the north of Israel.

17
00:01:34.680 --> 00:01:41.760
<v Speaker 3>There was some missile it seems like I don't know

18
00:01:42.159 --> 00:01:43.400
<v Speaker 3>exactly what's happening, but.

19
00:01:45.200 --> 00:01:48.280
<v Speaker 2>Just earlier, a little earlier, just as I was leaving

20
00:01:48.319 --> 00:01:53.239
<v Speaker 2>my parents home, there were some Ariid sirens down south.

21
00:01:54.280 --> 00:01:57.760
<v Speaker 2>It looks like the in Gaza they launched some missiles.

22
00:01:57.840 --> 00:02:01.280
<v Speaker 2>I'm pretty show those missiles be knocked out of the air,

23
00:02:01.840 --> 00:02:07.120
<v Speaker 2>but knowing near where I am, so not to worry.

24
00:02:07.799 --> 00:02:10.479
<v Speaker 2>I will be leaving Israel tomorrow. I will be heading

25
00:02:11.120 --> 00:02:14.080
<v Speaker 2>back home. It'll take two legs to get there. I'll

26
00:02:14.080 --> 00:02:17.199
<v Speaker 2>be flying into Madrid, spending one night in Madrid, and

27
00:02:17.240 --> 00:02:26.240
<v Speaker 2>then flying home the day after that. You know what else, Yeah,

28
00:02:26.560 --> 00:02:28.479
<v Speaker 2>in terms of logistics, they won't be a show tomorrow,

29
00:02:28.479 --> 00:02:29.840
<v Speaker 2>they won't be a show on Tuesday. They'll be a

30
00:02:29.879 --> 00:02:32.159
<v Speaker 2>show on Wednesday. And we'll get into some kind of

31
00:02:32.199 --> 00:02:35.360
<v Speaker 2>schedule after that, although there's a lot of travel between

32
00:02:35.360 --> 00:02:36.599
<v Speaker 2>now and the end of May.

33
00:02:38.319 --> 00:02:42.039
<v Speaker 3>But all right, well let's talk.

34
00:02:42.080 --> 00:02:46.000
<v Speaker 2>We'll talk today about a little bit more about tariffs.

35
00:02:46.680 --> 00:02:48.560
<v Speaker 2>I want to give you a little bit of an update.

36
00:02:48.639 --> 00:02:51.680
<v Speaker 2>And there was an excellent up ad today in the

37
00:02:51.719 --> 00:02:53.919
<v Speaker 2>Wall Street Journal today or was it yesterday? When was

38
00:02:53.960 --> 00:02:55.879
<v Speaker 2>this up ed in the Wall Street Journal? I see

39
00:02:55.919 --> 00:02:58.400
<v Speaker 2>it now April fourth, So on Friday. It was a

40
00:02:58.520 --> 00:03:00.319
<v Speaker 2>very good up ad on the Wall Street. Don't want

41
00:03:00.319 --> 00:03:01.080
<v Speaker 2>to read a little.

42
00:03:00.840 --> 00:03:02.520
<v Speaker 3>Bit from it.

43
00:03:02.520 --> 00:03:05.919
<v Speaker 2>It kind of bolsters everything I've been arguing about some

44
00:03:05.919 --> 00:03:11.639
<v Speaker 2>of these issues. And then we'll talk about we'll talk

45
00:03:11.639 --> 00:03:16.360
<v Speaker 2>about different countries going to negotiate with Trump over tariffs.

46
00:03:17.159 --> 00:03:23.719
<v Speaker 2>We'll talk about a lawsuit over tariffs, over the authority

47
00:03:24.280 --> 00:03:31.639
<v Speaker 2>of the president to do tariffs. One second, we'll talk

48
00:03:31.639 --> 00:03:37.319
<v Speaker 2>about the authority of the president to actually even impose

49
00:03:37.400 --> 00:03:41.960
<v Speaker 2>these tariffs, and there's a lawsuit challenging that, and then

50
00:03:42.159 --> 00:03:43.719
<v Speaker 2>you know, we'll see, we'll see what else we havever

51
00:03:43.800 --> 00:03:48.039
<v Speaker 2>of course, the show is basically will be determined by

52
00:03:48.240 --> 00:03:51.520
<v Speaker 2>the questions you guys ask. So this could be a

53
00:03:51.560 --> 00:03:53.520
<v Speaker 2>very short show. It could be a very long show.

54
00:03:53.520 --> 00:03:55.439
<v Speaker 2>Hopefully not a very long show, but could be a

55
00:03:55.439 --> 00:04:01.680
<v Speaker 2>long show. And you can you can said questions in

56
00:04:01.759 --> 00:04:06.400
<v Speaker 2>the super chat and I will answer them. Anything you ask,

57
00:04:06.840 --> 00:04:11.000
<v Speaker 2>I will answer, So feel fee to do that, Feel

58
00:04:11.039 --> 00:04:14.120
<v Speaker 2>free to do that. All right, let's see where do

59
00:04:14.159 --> 00:04:17.120
<v Speaker 2>we want to start. You know, I'm in Israel, so

60
00:04:17.360 --> 00:04:19.160
<v Speaker 2>just give you a quick update in Israel. Israel is

61
00:04:21.959 --> 00:04:25.959
<v Speaker 2>you know, there's still significant fighting going on in Gazo,

62
00:04:26.040 --> 00:04:30.439
<v Speaker 2>or at least Israel still is slowly advancing within Gaza,

63
00:04:30.519 --> 00:04:32.160
<v Speaker 2>bombing in Gaza, putting.

64
00:04:31.920 --> 00:04:33.759
<v Speaker 3>A lot of pressure, trying to put pressure on Karmas.

65
00:04:34.959 --> 00:04:37.800
<v Speaker 2>The idea is that if Israel puts pressure on Armas,

66
00:04:38.480 --> 00:04:42.839
<v Speaker 2>then Ramas will come to negotiating the negotiating table around hostages.

67
00:04:43.759 --> 00:04:46.560
<v Speaker 2>The mood in Israel, the atmosphere in Israel is such

68
00:04:47.199 --> 00:04:50.759
<v Speaker 2>that the focus is almost exclusively on bringing.

69
00:04:50.439 --> 00:04:51.439
<v Speaker 3>The hostages home.

70
00:04:52.879 --> 00:04:55.399
<v Speaker 2>There's very little talk on victory, there's very little talk

71
00:04:55.439 --> 00:04:58.120
<v Speaker 2>on defeating Armas. There's very little talk about what happens

72
00:04:58.120 --> 00:05:03.040
<v Speaker 2>next if and Ramas is defeated. Almost all the discussion

73
00:05:03.199 --> 00:05:06.879
<v Speaker 2>everywhere and almost everybody expresses the same view, and that

74
00:05:07.000 --> 00:05:09.839
<v Speaker 2>is that the number one priority, the number one priority

75
00:05:09.879 --> 00:05:14.000
<v Speaker 2>of the nation is to bring back the hostages. I

76
00:05:14.040 --> 00:05:16.600
<v Speaker 2>think this is an indication of a cup, not one.

77
00:05:18.160 --> 00:05:23.040
<v Speaker 2>It has obviously inflicted a significant harm to its enemies,

78
00:05:23.040 --> 00:05:26.240
<v Speaker 2>particularly Ramas and chrisbe Line to some extent, you're on,

79
00:05:26.759 --> 00:05:30.120
<v Speaker 2>but it is not one. And I think whereas in

80
00:05:30.160 --> 00:05:33.720
<v Speaker 2>the first few days, first few weeks after October seventh,

81
00:05:33.720 --> 00:05:36.439
<v Speaker 2>there was this atmosphere in Israel of we're gonna crush them,

82
00:05:36.480 --> 00:05:38.879
<v Speaker 2>We're going to thrash them, we're going to defeat them,

83
00:05:39.279 --> 00:05:42.439
<v Speaker 2>We're going for victory, I think that's gone. I think

84
00:05:42.519 --> 00:05:46.680
<v Speaker 2>the attitude right now is it's just cut the best

85
00:05:46.680 --> 00:05:50.720
<v Speaker 2>deal we can. Victory of Ramas is probably impossible. Look

86
00:05:50.759 --> 00:05:52.839
<v Speaker 2>what we did, Look what we tried. It didn't work.

87
00:05:53.639 --> 00:05:57.639
<v Speaker 2>And by the way, I consider this a massive failure

88
00:05:57.680 --> 00:06:01.360
<v Speaker 2>of leadership, of leadership by Nicha on his government, an

89
00:06:01.360 --> 00:06:04.959
<v Speaker 2>inability to a win the war and do what is

90
00:06:05.040 --> 00:06:12.160
<v Speaker 2>necessary to win the war. It's also leadership of communication,

91
00:06:12.360 --> 00:06:17.639
<v Speaker 2>of inspiration, of keeping the Israeli public focused on what

92
00:06:17.720 --> 00:06:20.279
<v Speaker 2>is important, which is the destruction of Commas. That's how

93
00:06:20.319 --> 00:06:22.600
<v Speaker 2>to do over a year and a half when everybody

94
00:06:22.639 --> 00:06:28.720
<v Speaker 2>knows you could have defeated them in three weeks. So

95
00:06:28.800 --> 00:06:30.360
<v Speaker 2>it is always given up in a sense, it's given

96
00:06:30.399 --> 00:06:35.560
<v Speaker 2>up the idea of victory. And then the question is

97
00:06:37.279 --> 00:06:42.000
<v Speaker 2>then the question is, well, what do we achieve? And

98
00:06:42.240 --> 00:06:44.920
<v Speaker 2>the Israeli public right now, a significant proportion of it,

99
00:06:44.959 --> 00:06:47.399
<v Speaker 2>at least, seems to believe that the only thing that

100
00:06:47.480 --> 00:06:49.519
<v Speaker 2>really can be achieved is the feeing of the hostages,

101
00:06:49.560 --> 00:06:51.000
<v Speaker 2>and the way to do that is to cut a deal.

102
00:06:51.720 --> 00:06:55.560
<v Speaker 2>And they are quite happy, well maybe happy to an exaggeration,

103
00:06:55.600 --> 00:06:58.279
<v Speaker 2>they're quite willing to cut a deal with Hamas negotiating

104
00:06:58.279 --> 00:07:01.959
<v Speaker 2>with terrorists. Fine, they don't seem to really care. I mean,

105
00:07:01.959 --> 00:07:06.120
<v Speaker 2>maybe go they be negotiating with terrorists for what is

106
00:07:06.160 --> 00:07:14.240
<v Speaker 2>it now, thirty thirty thirty two years since nineteen eighty

107
00:07:14.240 --> 00:07:17.720
<v Speaker 2>three in Oslo. It's only a little more bloodshed, it's

108
00:07:17.759 --> 00:07:20.480
<v Speaker 2>only the more destruction. It's only later to more harm.

109
00:07:21.959 --> 00:07:29.240
<v Speaker 2>But but you know, Israel. Really, this is what happens

110
00:07:29.240 --> 00:07:32.680
<v Speaker 2>every time Israel engages in the war. It seems to

111
00:07:32.720 --> 00:07:36.079
<v Speaker 2>be going well, everybody supports the war. Then it bogs down,

112
00:07:36.720 --> 00:07:40.439
<v Speaker 2>victory is not achieved, the public turns against the war

113
00:07:40.720 --> 00:07:42.680
<v Speaker 2>and it seeks other alternatives.

114
00:07:42.680 --> 00:07:43.720
<v Speaker 3>And that's what we're seeing here.

115
00:07:44.040 --> 00:07:47.360
<v Speaker 2>This is the cost of not engaging in a ruthless,

116
00:07:47.399 --> 00:07:51.480
<v Speaker 2>brutal war that would have won won it all for

117
00:07:51.639 --> 00:07:57.120
<v Speaker 2>Israel defeated Kamas, achieved the victory in the first few days, weeks,

118
00:07:57.399 --> 00:08:01.680
<v Speaker 2>certainly months after October seven. Now the memory of October

119
00:08:01.759 --> 00:08:05.079
<v Speaker 2>seventh is dimming. The focus is exclusively and the suffering,

120
00:08:05.199 --> 00:08:11.120
<v Speaker 2>and the suffering is horrific of the hostages and their families, and.

121
00:08:13.839 --> 00:08:15.800
<v Speaker 3>Yeah, it's it's you know, the.

122
00:08:16.279 --> 00:08:20.360
<v Speaker 2>Hostages, by the way, the constant reports of the amount

123
00:08:20.399 --> 00:08:26.160
<v Speaker 2>of torturing, the hostages enduring, the brutality of the Ramas captives,

124
00:08:27.240 --> 00:08:38.200
<v Speaker 2>the isolation, the darkness, the the starvation, the and the

125
00:08:38.559 --> 00:08:41.679
<v Speaker 2>just horrific conditions under which they're being held. And it's

126
00:08:41.720 --> 00:08:43.799
<v Speaker 2>now a year and a half. A year and a half,

127
00:08:44.120 --> 00:08:48.840
<v Speaker 2>these people were torn from their beds, dragged dragged from

128
00:08:48.879 --> 00:08:51.519
<v Speaker 2>a music festival, or you know, some of them were

129
00:08:52.120 --> 00:08:55.399
<v Speaker 2>raped and beaten and tortured even before they were taken hostages.

130
00:08:55.440 --> 00:08:57.360
<v Speaker 2>Then they were taking hostage, many of them were injured

131
00:08:57.879 --> 00:09:04.679
<v Speaker 2>and received very you know, mediocre or poor medical care.

132
00:09:06.399 --> 00:09:07.200
<v Speaker 3>Uh and.

133
00:09:10.360 --> 00:09:15.720
<v Speaker 2>Anyway, Uh that is uh, that is what's unassurely minds,

134
00:09:15.720 --> 00:09:17.480
<v Speaker 2>how do we free them? And they're willing to give

135
00:09:17.559 --> 00:09:23.159
<v Speaker 2>up anything almost and the rety public is clearly blaming

136
00:09:23.159 --> 00:09:28.480
<v Speaker 2>then Tenniel government for the hostage is not being released.

137
00:09:28.960 --> 00:09:33.759
<v Speaker 2>You know, they're not really blaming comas. And the sad

138
00:09:33.919 --> 00:09:36.440
<v Speaker 2>reality is, as I said, they've basically given up on

139
00:09:36.519 --> 00:09:39.279
<v Speaker 2>the idea of victory. They've given any up in the

140
00:09:39.279 --> 00:09:45.720
<v Speaker 2>idea of completely defeening Kamas and and uh crushing them.

141
00:09:46.159 --> 00:09:49.000
<v Speaker 2>There's also a lot of scandals going on, and I'm

142
00:09:49.000 --> 00:09:50.120
<v Speaker 2>not going to get into all of them. Some of

143
00:09:50.159 --> 00:09:52.039
<v Speaker 2>them I don't even know. I don't really understand. I

144
00:09:52.080 --> 00:09:55.320
<v Speaker 2>haven't really dug into a lot of scandals that are

145
00:09:56.799 --> 00:10:00.440
<v Speaker 2>problems for their nitennial government that the n government is

146
00:10:00.440 --> 00:10:03.720
<v Speaker 2>accused of. And of course, one of the one of

147
00:10:03.759 --> 00:10:08.960
<v Speaker 2>the biggest issues is, you know, one of the biggest

148
00:10:09.000 --> 00:10:19.799
<v Speaker 2>issues is that they are being that the Natannial government

149
00:10:21.279 --> 00:10:25.759
<v Speaker 2>has not really started the process of any kind of

150
00:10:25.879 --> 00:10:31.240
<v Speaker 2>independent investigation of what happened on the seventh and how

151
00:10:31.279 --> 00:10:33.759
<v Speaker 2>why it was caused. They don't want such an investigation

152
00:10:33.799 --> 00:10:37.759
<v Speaker 2>because such an interification investigation clearly would indicate that the

153
00:10:37.879 --> 00:10:40.720
<v Speaker 2>Nicennial government, over years and years and years and years

154
00:10:40.720 --> 00:10:47.159
<v Speaker 2>of neglect of and wrong evaluation of the situation, basically

155
00:10:48.000 --> 00:10:49.440
<v Speaker 2>is responsible.

156
00:10:48.799 --> 00:10:50.159
<v Speaker 3>For what happened in October seventh.

157
00:10:51.039 --> 00:10:53.919
<v Speaker 2>But beyond that, there is now something called Katar Gate

158
00:10:54.159 --> 00:10:58.759
<v Speaker 2>Qatar Gate, and this has multiple dimensions, and again I

159
00:10:58.799 --> 00:11:00.159
<v Speaker 2>haven't gone into all the detail.

160
00:11:00.279 --> 00:11:01.360
<v Speaker 3>There's been multiple.

161
00:11:01.000 --> 00:11:12.120
<v Speaker 2>Dimensions whereby the Natanio administration is accused of facilitating the

162
00:11:12.159 --> 00:11:17.039
<v Speaker 2>transfer of billions of dollars from the Qatari government to Hamas.

163
00:11:17.200 --> 00:11:20.080
<v Speaker 2>I think this is all true. You know, they have

164
00:11:20.200 --> 00:11:24.279
<v Speaker 2>identified a particular businessman who facilitated the transfers from Doha

165
00:11:24.919 --> 00:11:29.639
<v Speaker 2>to Gaza, and he is a quite friendly with Nteniao

166
00:11:29.799 --> 00:11:32.919
<v Speaker 2>himself is often then a guest at the indianail home.

167
00:11:33.960 --> 00:11:36.039
<v Speaker 2>And he's the one who got all that money from

168
00:11:36.080 --> 00:11:41.279
<v Speaker 2>Katara to Gaza, money that ultimately was used to build

169
00:11:41.279 --> 00:11:44.200
<v Speaker 2>the tunnels, to buy the weapons, to build the entire

170
00:11:44.279 --> 00:11:49.039
<v Speaker 2>military infrastructure that not only cost twelve hundred Israeli lives

171
00:11:49.159 --> 00:11:52.559
<v Speaker 2>on October seventh, but also cost now five hundred lives

172
00:11:52.559 --> 00:11:54.320
<v Speaker 2>of soldiers who have been fighting in Gaza for the

173
00:11:54.399 --> 00:12:00.399
<v Speaker 2>last year and a half. But beyond that, it's seems

174
00:12:00.440 --> 00:12:04.799
<v Speaker 2>that there are members of you know, close to the

175
00:12:04.879 --> 00:12:08.200
<v Speaker 2>Tino people in Nathaniel's office, in the office of the

176
00:12:08.200 --> 00:12:12.679
<v Speaker 2>Prime Minister, who are being on the Katari Peiro that

177
00:12:12.759 --> 00:12:20.960
<v Speaker 2>are basically, if you will, lobbyists for Qatar. And it

178
00:12:21.159 --> 00:12:28.240
<v Speaker 2>is it is truly, it is truly horrific. Qatar is

179
00:12:28.279 --> 00:12:32.279
<v Speaker 2>an enemy nation. It is an enemy nation of Israel.

180
00:12:33.080 --> 00:12:36.679
<v Speaker 2>It is a country that has facilitated terrorism all across

181
00:12:36.720 --> 00:12:38.960
<v Speaker 2>the world. It is an enemy nation of the United States,

182
00:12:39.200 --> 00:12:41.200
<v Speaker 2>and the United States has chosen to bury its head

183
00:12:41.200 --> 00:12:44.039
<v Speaker 2>in sand. The United States has chosen to pretend that

184
00:12:44.120 --> 00:12:47.279
<v Speaker 2>Qatar is not its enemy. The largest American military base

185
00:12:47.320 --> 00:12:51.360
<v Speaker 2>in the Middle East, after all, is in Qatar. An

186
00:12:51.399 --> 00:12:56.600
<v Speaker 2>America can get away with it to some extent. Israel

187
00:12:56.639 --> 00:13:03.159
<v Speaker 2>Kana Israel treating Katara as a friend, but treating Katara

188
00:13:03.200 --> 00:13:07.480
<v Speaker 2>as neutral is life or death for Israel. To treat

189
00:13:07.519 --> 00:13:11.279
<v Speaker 2>Katara the way that it does made October seventh possible.

190
00:13:12.480 --> 00:13:18.600
<v Speaker 2>And that, of course, that of course is that, of course,

191
00:13:20.559 --> 00:13:27.279
<v Speaker 2>you know, is the responsibility of this government. And so

192
00:13:27.399 --> 00:13:30.360
<v Speaker 2>there is a katagate going on a number of a

193
00:13:30.399 --> 00:13:35.639
<v Speaker 2>couple of people from Nintennial office of being arrested in

194
00:13:35.720 --> 00:13:40.440
<v Speaker 2>a census foreign agents. But this is this is a big,

195
00:13:40.559 --> 00:13:43.080
<v Speaker 2>big issue for this government and it's going to be

196
00:13:43.080 --> 00:13:47.360
<v Speaker 2>interesting to see how Nintennio survived. Now Natennial, the one

197
00:13:47.480 --> 00:13:50.279
<v Speaker 2>skill he has, the one ability that he has above

198
00:13:50.320 --> 00:13:54.200
<v Speaker 2>all others, is to survive politically. He will grind it

199
00:13:54.200 --> 00:13:59.440
<v Speaker 2>out and somehow survive. But this is Raelly government is

200
00:13:59.600 --> 00:14:05.639
<v Speaker 2>co op. This Israeli government needs to acknowledge its responsibility

201
00:14:05.879 --> 00:14:10.039
<v Speaker 2>for what happened on October seventh. The fact that it

202
00:14:10.120 --> 00:14:15.840
<v Speaker 2>allowed the Tramas under its nose really to arm itself,

203
00:14:16.000 --> 00:14:20.159
<v Speaker 2>to prepare itself, to train and to build the tunnels

204
00:14:20.279 --> 00:14:23.519
<v Speaker 2>and to build up defenses and to do everything that

205
00:14:23.559 --> 00:14:29.399
<v Speaker 2>it did that it allowed for, that right that it

206
00:14:29.519 --> 00:14:34.399
<v Speaker 2>allowed for, that it let it happen. The fact that

207
00:14:34.399 --> 00:14:37.080
<v Speaker 2>they allowed Iranian Katari money to flow into the Gaza.

208
00:14:38.200 --> 00:14:42.200
<v Speaker 2>The fact that in spite of the many, many attacks

209
00:14:42.240 --> 00:14:47.679
<v Speaker 2>from Gaza against Israeli citizens, these israel dithered and waited

210
00:14:48.080 --> 00:14:53.399
<v Speaker 2>and refused to destroy Ramas and achieve and achieve victory,

211
00:14:53.399 --> 00:14:56.320
<v Speaker 2>which it could have done two years earlier and had

212
00:14:56.320 --> 00:14:59.720
<v Speaker 2>to wait for a disastrous event like October seventh to

213
00:14:59.720 --> 00:15:02.279
<v Speaker 2>find wake Israel up and actually do a little bit

214
00:15:02.519 --> 00:15:04.919
<v Speaker 2>of what is necessary. But the fact is it hasn't

215
00:15:04.960 --> 00:15:08.360
<v Speaker 2>done what's necessary. It hasn't defeated the Palestinians, it hasn't

216
00:15:08.399 --> 00:15:11.960
<v Speaker 2>defeated Haramas, it hasn't achieved victory. And the consequence of

217
00:15:11.960 --> 00:15:17.240
<v Speaker 2>that is prolonged rule and prolonged uncertainty. And indeed, if

218
00:15:17.240 --> 00:15:20.960
<v Speaker 2>it's true that missiles will fire out of Gauza tonight,

219
00:15:21.480 --> 00:15:26.639
<v Speaker 2>then they haven't even destroyed all the missile launching capabilities

220
00:15:26.799 --> 00:15:31.879
<v Speaker 2>of Ramas. You have to say that this government has failed,

221
00:15:31.879 --> 00:15:39.919
<v Speaker 2>that Nitagnelle as a leader has failed, failed, completely, failed

222
00:15:39.919 --> 00:15:49.120
<v Speaker 2>thoroughly in the one assignment that they had, which is

223
00:15:49.320 --> 00:15:51.399
<v Speaker 2>the one assignment that any government has, which is the

224
00:15:51.399 --> 00:15:53.799
<v Speaker 2>protection of the individual rights, the protection of the lives

225
00:15:54.159 --> 00:15:55.159
<v Speaker 2>of its own citizens.

226
00:16:05.159 --> 00:16:06.639
<v Speaker 3>So anyways, so that is.

227
00:16:09.200 --> 00:16:10.720
<v Speaker 2>A little bit of what's going on in Israel.

228
00:16:10.799 --> 00:16:11.519
<v Speaker 3>Of course that is.

229
00:16:13.039 --> 00:16:19.200
<v Speaker 2>That is Uh, there's a lot more going on in Israel.

230
00:16:19.240 --> 00:16:21.559
<v Speaker 2>It's a it's a country. That is Oh, one other

231
00:16:21.600 --> 00:16:23.720
<v Speaker 2>thing I wanted to mention, and that'll lead us to

232
00:16:23.720 --> 00:16:25.200
<v Speaker 2>the discussion of Tavis as well well.

233
00:16:25.200 --> 00:16:25.679
<v Speaker 3>Two things.

234
00:16:26.080 --> 00:16:28.399
<v Speaker 2>One is uh, a new political party was formed today

235
00:16:28.480 --> 00:16:32.679
<v Speaker 2>in Israel in the under the leadership of Naphtali Bennett

236
00:16:33.200 --> 00:16:37.240
<v Speaker 2>nough Taldy Bennett is somebody that I am I would

237
00:16:37.519 --> 00:16:40.360
<v Speaker 2>much rather prefer see as Prime Minister of Israel than

238
00:16:40.519 --> 00:16:42.559
<v Speaker 2>and it's a neelle. I can't say I'm a fan

239
00:16:42.600 --> 00:16:44.480
<v Speaker 2>of enough tad E. Bennett, but enph Talty Bennett is

240
00:16:44.519 --> 00:16:48.919
<v Speaker 2>certainly of the people in the political arena in Israel

241
00:16:49.000 --> 00:16:54.759
<v Speaker 2>right now, based on my granted limited knowledge, is I

242
00:16:54.759 --> 00:16:59.399
<v Speaker 2>think the most qualified and and the best uh uh

243
00:16:59.399 --> 00:17:02.279
<v Speaker 2>to deal with the current situation. So it's going to

244
00:17:02.279 --> 00:17:05.599
<v Speaker 2>be interesting to watch this new political party how it evolves.

245
00:17:06.359 --> 00:17:09.720
<v Speaker 2>Who does it take votes from. Right now, a poll

246
00:17:09.839 --> 00:17:12.839
<v Speaker 2>done today would make it the largest political party in Israel,

247
00:17:13.319 --> 00:17:16.599
<v Speaker 2>but only by an inch, by one seat bigger than

248
00:17:16.920 --> 00:17:19.319
<v Speaker 2>Ntennial's he could but of course we're not going to

249
00:17:19.400 --> 00:17:21.440
<v Speaker 2>have it elections for a couple of years, although with

250
00:17:21.519 --> 00:17:23.880
<v Speaker 2>the scandals going on right now, we might have elections sooner.

251
00:17:24.559 --> 00:17:28.160
<v Speaker 2>But you know, between now and elections, anything could change.

252
00:17:28.480 --> 00:17:31.920
<v Speaker 2>It's impossible to say what will actually be the outcome

253
00:17:35.160 --> 00:17:38.000
<v Speaker 2>Ntennial because of all the scandals around him. He's already

254
00:17:38.039 --> 00:17:42.880
<v Speaker 2>also facing corruption charges. He's in courts, he's regularly testifying

255
00:17:42.920 --> 00:17:46.680
<v Speaker 2>in court in his own corruption case, and Antenna took

256
00:17:46.680 --> 00:17:49.279
<v Speaker 2>a vacation this week. He chose as his location of

257
00:17:49.359 --> 00:17:52.440
<v Speaker 2>vacation Hungry. I think he chose that for two reasons.

258
00:17:52.480 --> 00:17:56.640
<v Speaker 2>One is hungry in spite of the fact that Hungary

259
00:17:56.680 --> 00:17:59.519
<v Speaker 2>until yesterday was a member of the ICC, the International

260
00:18:00.000 --> 00:18:03.839
<v Speaker 2>Criminal Court. Auban has said he would not hand over

261
00:18:03.880 --> 00:18:06.880
<v Speaker 2>Nataniel to the court, so it was a safe It

262
00:18:06.920 --> 00:18:09.759
<v Speaker 2>was a safe place for Natenniel to go because.

263
00:18:09.480 --> 00:18:11.720
<v Speaker 3>He knew that he wouldn't be arrested.

264
00:18:12.920 --> 00:18:16.240
<v Speaker 2>You remember that members of the ICC are under now

265
00:18:16.480 --> 00:18:19.759
<v Speaker 2>obligation as members of the SEC to hand over Nathaniel

266
00:18:20.400 --> 00:18:22.799
<v Speaker 2>to the criminal Court, to arrest them basically and hand

267
00:18:22.839 --> 00:18:24.920
<v Speaker 2>him over to the criminal court. And indeed, the Criminal

268
00:18:24.920 --> 00:18:28.480
<v Speaker 2>Court demanded that Hungary arrest Antennio and hand him over.

269
00:18:28.799 --> 00:18:34.759
<v Speaker 2>Hungary refused and then withdrew from membership in the ICC,

270
00:18:34.960 --> 00:18:39.599
<v Speaker 2>which is a good thing. The second reason I think

271
00:18:39.680 --> 00:18:41.839
<v Speaker 2>Natanio went to Hungary is that I think he has

272
00:18:41.839 --> 00:18:46.119
<v Speaker 2>some affinity to Aubon. I think he liked Trump, who

273
00:18:46.119 --> 00:18:52.240
<v Speaker 2>will all have an authoritarian nature. Admire the ability of Aubon,

274
00:18:52.400 --> 00:18:57.640
<v Speaker 2>under the guise of democracy to basically become a almost dictator,

275
00:18:57.839 --> 00:19:01.960
<v Speaker 2>but certainly authoritarian leader of the country. Here, Oban faces

276
00:19:02.039 --> 00:19:05.119
<v Speaker 2>very little opposition from the media because he has the

277
00:19:05.160 --> 00:19:10.240
<v Speaker 2>media under control. He is basically taking control of all

278
00:19:10.279 --> 00:19:15.079
<v Speaker 2>the kind of levers of power. There's no checks and balances,

279
00:19:15.119 --> 00:19:20.880
<v Speaker 2>there is no real checks on his power anymore in Hungary,

280
00:19:20.920 --> 00:19:23.319
<v Speaker 2>so I think they all admire him. I think every

281
00:19:23.480 --> 00:19:26.559
<v Speaker 2>leader spiring to be authoritarian admires Putin, but they can't

282
00:19:26.599 --> 00:19:29.839
<v Speaker 2>go to Russia. So the proxy for Putin is Auban

283
00:19:30.440 --> 00:19:35.599
<v Speaker 2>in Hungary. Anyway, Today Nataniel surprisingly announced that he is

284
00:19:35.599 --> 00:19:38.440
<v Speaker 2>flying to Washington, DC to meet with Trump. He will

285
00:19:38.440 --> 00:19:41.599
<v Speaker 2>meet with Trump tomorrow. He is the first world leader

286
00:19:41.599 --> 00:19:45.160
<v Speaker 2>to meet with Trump post tariffs, and supposedly on their

287
00:19:45.160 --> 00:19:49.480
<v Speaker 2>agenda for them is one hostages. I don't know that

288
00:19:49.480 --> 00:19:52.559
<v Speaker 2>they'll talk much about that. To Iran. I think Trump

289
00:19:52.599 --> 00:19:55.680
<v Speaker 2>will update Nathaniel on his efforts to negotiate a deal

290
00:19:55.720 --> 00:19:59.000
<v Speaker 2>with Iran and three and I think ultimately most importantly

291
00:19:59.000 --> 00:20:09.319
<v Speaker 2>and why Nataniel is actually going is tariffs, teriffs. That

292
00:20:09.480 --> 00:20:14.519
<v Speaker 2>is Natani always going to Trump to argue the case

293
00:20:15.200 --> 00:20:18.920
<v Speaker 2>that Israel actually has zero tariffs visa v the United

294
00:20:18.960 --> 00:20:23.680
<v Speaker 2>States does not tariff American goods, and therefore that Israel

295
00:20:23.799 --> 00:20:29.920
<v Speaker 2>was treated badly by Trump's announcement on Wednesday that Israel

296
00:20:29.960 --> 00:20:32.640
<v Speaker 2>would face seventeen percent tariffs in spite of the fact

297
00:20:32.640 --> 00:20:33.759
<v Speaker 2>that Israel doesn't.

298
00:20:33.519 --> 00:20:34.720
<v Speaker 3>Teriff for American goods.

299
00:20:35.799 --> 00:20:39.200
<v Speaker 2>The US is going to argue that Israel runs that

300
00:20:39.240 --> 00:20:41.759
<v Speaker 2>the United States runs a trade deficit visa VI Israel.

301
00:20:43.119 --> 00:20:47.559
<v Speaker 2>That and that is true because of Israel's huge advantages

302
00:20:47.640 --> 00:20:52.240
<v Speaker 2>with regard to high tech and as a consequence, there

303
00:20:52.279 --> 00:20:54.200
<v Speaker 2>is a negative there is a trade deficit with Israel

304
00:20:55.319 --> 00:20:58.160
<v Speaker 2>and the fact that Israel has a VAT, although that

305
00:20:58.440 --> 00:21:01.240
<v Speaker 2>is irrelevant to tariffs, but is not going to stop

306
00:21:01.279 --> 00:21:09.160
<v Speaker 2>Trump ignoramus Trump from using that as a argument against Israel. Anyway,

307
00:21:09.200 --> 00:21:11.880
<v Speaker 2>It'll be interesting to negotiate. Supposedly, there are fifty countries

308
00:21:11.920 --> 00:21:14.359
<v Speaker 2>now that are waiting in line to come and kiss

309
00:21:14.519 --> 00:21:18.119
<v Speaker 2>the ring or to kiss the ass of the President

310
00:21:18.119 --> 00:21:20.599
<v Speaker 2>of the United States in order to try to get

311
00:21:20.759 --> 00:21:27.960
<v Speaker 2>some some I don't know, weakening of the tariff regime.

312
00:21:29.759 --> 00:21:33.319
<v Speaker 2>At the same time, you have so as any always

313
00:21:33.319 --> 00:21:35.799
<v Speaker 2>there primarily for that, I think, although the other issues

314
00:21:35.880 --> 00:21:40.480
<v Speaker 2>will play out. He I think, is trying to get

315
00:21:40.519 --> 00:21:45.119
<v Speaker 2>on Trump's, you know, stand Trump's good side, and emphasize

316
00:21:45.799 --> 00:21:50.119
<v Speaker 2>and try to try to gravel and as much as

317
00:21:50.119 --> 00:21:55.599
<v Speaker 2>he can and you know, basically present himself to Trump

318
00:21:55.680 --> 00:22:00.319
<v Speaker 2>as his best friend now because partially because you know,

319
00:22:00.440 --> 00:22:02.359
<v Speaker 2>is that Trump next week had changed his mind and

320
00:22:02.400 --> 00:22:09.519
<v Speaker 2>become very anti Israeli, very anti as well. All right,

321
00:22:09.640 --> 00:22:15.519
<v Speaker 2>So that is that is, that is not any are

322
00:22:15.559 --> 00:22:18.039
<v Speaker 2>going to Trump. So let's talk more about the tariffs. So,

323
00:22:18.440 --> 00:22:21.839
<v Speaker 2>as I said yesterday, China's imposed thirty four percent tariffs

324
00:22:21.839 --> 00:22:25.000
<v Speaker 2>and all US goods. The EU is putting together package

325
00:22:25.119 --> 00:22:29.279
<v Speaker 2>a significant package of tariffs on the United States, so

326
00:22:29.559 --> 00:22:34.319
<v Speaker 2>many other countries. You know, this is going to be

327
00:22:34.480 --> 00:22:39.599
<v Speaker 2>a fore blown tariff war. Ludwig the Common Secretary came

328
00:22:39.640 --> 00:22:42.759
<v Speaker 2>out today on television saying that the tariffs would not

329
00:22:42.960 --> 00:22:45.880
<v Speaker 2>be delayed. That is that Trump is fully and the

330
00:22:45.920 --> 00:22:49.039
<v Speaker 2>Trump administration is fully committed to imposing this tariffs this week,

331
00:22:50.200 --> 00:22:53.960
<v Speaker 2>and that they're convinced that these are supposedly good for America.

332
00:22:54.000 --> 00:22:56.079
<v Speaker 2>Now he's lying. I don't think anybody's convinced the good

333
00:22:56.079 --> 00:22:59.039
<v Speaker 2>for America. Maybe Trump is because he's ignorant, but I

334
00:22:59.039 --> 00:23:01.400
<v Speaker 2>think anybody who knows any anything knows that these tariffs

335
00:23:01.440 --> 00:23:06.119
<v Speaker 2>are disaster for America and for its economy, and certainly

336
00:23:06.160 --> 00:23:09.640
<v Speaker 2>the stock market is sending any vidication possible to people

337
00:23:09.759 --> 00:23:16.279
<v Speaker 2>that that is the case. All Right, I think I

338
00:23:16.359 --> 00:23:26.119
<v Speaker 2>need to lower the volume, guys. Let's see anyway, this

339
00:23:26.160 --> 00:23:32.480
<v Speaker 2>is only going to get worse, not better. And Ludwick

340
00:23:33.920 --> 00:23:38.359
<v Speaker 2>is the tariff guy of this administration, is really pushing

341
00:23:38.400 --> 00:23:42.839
<v Speaker 2>for this, and it's an unmitigated disaster, There's no question

342
00:23:42.880 --> 00:23:49.319
<v Speaker 2>about that. You know, this excuse that everybody gives about

343
00:23:49.359 --> 00:23:55.599
<v Speaker 2>why we need a global reset, this idea of the

344
00:23:55.599 --> 00:23:58.720
<v Speaker 2>hollowing of the middle class, this idea of how awful

345
00:23:58.799 --> 00:24:02.319
<v Speaker 2>the last fifty years were and how everybody's taking advantage

346
00:24:02.319 --> 00:24:07.519
<v Speaker 2>of us, and how Americans are suffering as a consequence

347
00:24:07.759 --> 00:24:12.640
<v Speaker 2>of globalization. Or There was a good upad on Friday

348
00:24:12.720 --> 00:24:15.200
<v Speaker 2>in the Wall Street Journal. I highly recommend you read it.

349
00:24:15.200 --> 00:24:21.720
<v Speaker 2>It's interesting. It was written by Nobert. Michelle Nobert is

350
00:24:22.759 --> 00:24:26.839
<v Speaker 2>was an economist who worked for Heritage Foundation, but then

351
00:24:26.920 --> 00:24:31.240
<v Speaker 2>as Heritage Foundation shifted to become MAGA and shifted to

352
00:24:31.279 --> 00:24:36.920
<v Speaker 2>become anti trade and anti free markets, Nobert left Heritage

353
00:24:36.960 --> 00:24:43.000
<v Speaker 2>and moved over to Cato, which remains a free market institution,

354
00:24:45.279 --> 00:24:48.960
<v Speaker 2>at least when it comes to economics. Anyway, nobody is

355
00:24:49.039 --> 00:24:52.359
<v Speaker 2>very good. I encourage you to follow him. Anyway, Just

356
00:24:52.400 --> 00:24:55.440
<v Speaker 2>some facts right about the last forty years, and I'm

357
00:24:55.480 --> 00:24:59.119
<v Speaker 2>reading from this upad on the Wall Street Journal. The

358
00:24:59.200 --> 00:25:02.240
<v Speaker 2>US men of class has thrived over the past forty years.

359
00:25:03.279 --> 00:25:06.720
<v Speaker 2>In fact, Americans of all economic backgrounds have done well.

360
00:25:07.680 --> 00:25:11.000
<v Speaker 2>The share of household earning more than one hundred thousand

361
00:25:11.440 --> 00:25:15.720
<v Speaker 2>dollars a year has tripled over the past five decades.

362
00:25:15.759 --> 00:25:18.920
<v Speaker 2>This is all in real dollars, and the share earning

363
00:25:19.039 --> 00:25:21.880
<v Speaker 2>less than twenty five percent fell by twenty five percent.

364
00:25:22.279 --> 00:25:24.799
<v Speaker 2>This is what I told you yesterday, that the middle

365
00:25:24.799 --> 00:25:28.400
<v Speaker 2>class has gotten smaller because more Americans have gotten rich

366
00:25:29.599 --> 00:25:34.480
<v Speaker 2>categorized as rich. And indeed the middle class are shrunk,

367
00:25:34.559 --> 00:25:37.559
<v Speaker 2>But so has the poor section of the United States

368
00:25:37.559 --> 00:25:40.960
<v Speaker 2>of earning less than thirty five thousand dollars a year

369
00:25:41.440 --> 00:25:47.079
<v Speaker 2>is poverty. That's shrunk by twenty five percent. I continue,

370
00:25:47.160 --> 00:25:49.640
<v Speaker 2>for most of this period, workers in the bottom ten

371
00:25:49.680 --> 00:25:54.240
<v Speaker 2>percent of income distribution experience stronger wage growth than those

372
00:25:54.319 --> 00:25:58.799
<v Speaker 2>with higher incomes. The middle class are shrunk only in

373
00:25:58.839 --> 00:26:02.640
<v Speaker 2>the sense that former middle income owners have moved up

374
00:26:03.039 --> 00:26:08.640
<v Speaker 2>the income ladder. Materially, Americans are much better off than

375
00:26:08.640 --> 00:26:09.119
<v Speaker 2>they were.

376
00:26:08.960 --> 00:26:09.920
<v Speaker 3>In nineteen seventy.

377
00:26:10.599 --> 00:26:13.799
<v Speaker 2>Over the past forty years, seventy percent of working Asian

378
00:26:13.799 --> 00:26:16.880
<v Speaker 2>Americans spent at least one year among the top twenty

379
00:26:16.920 --> 00:26:21.680
<v Speaker 2>percent of income owners. Notice, seventy percent of working Asian

380
00:26:21.680 --> 00:26:25.480
<v Speaker 2>Americans spent at least one year among the top twenty

381
00:26:25.519 --> 00:26:30.200
<v Speaker 2>percent of income owners, and eighty percent never spent more

382
00:26:30.240 --> 00:26:35.960
<v Speaker 2>than two consecutive years in the bottom of ten ten percent. So,

383
00:26:37.920 --> 00:26:43.039
<v Speaker 2>I mean, this is all statistical and demagogy and demagogy,

384
00:26:43.240 --> 00:26:48.920
<v Speaker 2>statistical lying and demagogy. These people who claim that Americans

385
00:26:48.960 --> 00:26:52.359
<v Speaker 2>in such awful economic shape. Now, this is not to

386
00:26:52.440 --> 00:26:56.640
<v Speaker 2>deny that we could be doing a lot better, But

387
00:26:56.680 --> 00:27:00.319
<v Speaker 2>the problem is not globalization. Indeed, globalization is what has

388
00:27:00.359 --> 00:27:02.200
<v Speaker 2>helped us be as successful as we are.

389
00:27:02.319 --> 00:27:02.680
<v Speaker 3>Todate.

390
00:27:03.119 --> 00:27:09.279
<v Speaker 2>Globalization is an overwhelming economic positive for America. Global trade

391
00:27:09.839 --> 00:27:20.880
<v Speaker 2>has been an overwhelmingly positive phenomena for America for Americans,

392
00:27:21.440 --> 00:27:24.920
<v Speaker 2>I mean, he continues, the popular story of the death

393
00:27:24.920 --> 00:27:31.160
<v Speaker 2>of US manufacturing is nonsense. You know. Mister Vance and

394
00:27:31.200 --> 00:27:34.200
<v Speaker 2>his cohort maintained that increased free trade with countries such

395
00:27:34.200 --> 00:27:36.480
<v Speaker 2>as China in two thousand or Mexico in nineteen ninety

396
00:27:36.480 --> 00:27:40.599
<v Speaker 2>four killed Americans jobs. American jobs, well, let me just say.

397
00:27:40.640 --> 00:27:42.799
<v Speaker 2>I'll say there's no such thing as an American job.

398
00:27:43.839 --> 00:27:47.920
<v Speaker 2>It's your job, in my job. But anyway, it's true

399
00:27:47.960 --> 00:27:50.039
<v Speaker 2>that the number of manufacturing jobs is lower than it

400
00:27:50.119 --> 00:27:52.880
<v Speaker 2>was in nineteen seventy, but that's because we make so

401
00:27:53.160 --> 00:27:54.720
<v Speaker 2>much more with fewer people.

402
00:27:55.559 --> 00:27:58.440
<v Speaker 3>Blame technology, not trade.

403
00:27:59.000 --> 00:28:04.279
<v Speaker 2>Real hourly output per manufacturing employee has been in an

404
00:28:04.400 --> 00:28:10.920
<v Speaker 2>upward trend since nineteen fifty nine. Real US manufacturing value added,

405
00:28:11.519 --> 00:28:16.200
<v Speaker 2>the sectest contribution to gross domestic product, reached its highest

406
00:28:16.400 --> 00:28:21.920
<v Speaker 2>recorded level in twenty twenty two, not nineteen seventy twenty

407
00:28:22.000 --> 00:28:26.920
<v Speaker 2>twenty two. Manufacturing output was close to its all time

408
00:28:27.039 --> 00:28:29.839
<v Speaker 2>high in twenty twenty two, and the US remained the

409
00:28:29.839 --> 00:28:34.680
<v Speaker 2>global leader in manufacturing value added per worker. In other words,

410
00:28:35.279 --> 00:28:41.279
<v Speaker 2>China might manufacture more, but it adds less value. Workers

411
00:28:41.519 --> 00:28:47.839
<v Speaker 2>contribute very little because they're not very productive, so they

412
00:28:47.880 --> 00:28:52.599
<v Speaker 2>produce massive volumes, but their labor productivity is very low.

413
00:28:52.640 --> 00:28:54.240
<v Speaker 3>That's why wages in China are low.

414
00:28:54.920 --> 00:28:57.920
<v Speaker 2>In the US, we might produce less than China, we're

415
00:28:57.920 --> 00:29:00.440
<v Speaker 2>still the number two producer in the world actual less

416
00:29:00.440 --> 00:29:03.519
<v Speaker 2>than China, still then number two manufacturer in the world.

417
00:29:03.720 --> 00:29:08.319
<v Speaker 2>But our labor, because it's so productive, adds every hour

418
00:29:08.400 --> 00:29:12.960
<v Speaker 2>of labor adds enormous value to the products being made.

419
00:29:13.240 --> 00:29:17.519
<v Speaker 2>Here's an example. Steel is one example in nineteen eighty.

420
00:29:17.559 --> 00:29:20.559
<v Speaker 2>This is a stunning statistic. By the way, in nineteen eighty,

421
00:29:20.880 --> 00:29:25.960
<v Speaker 2>one steel worker could produce zero points zero eighty three

422
00:29:26.119 --> 00:29:31.400
<v Speaker 2>tons of steel in one hour. Zero points zero eighty

423
00:29:31.519 --> 00:29:35.160
<v Speaker 2>three tons of steel in one hour. By twenty eighteen,

424
00:29:36.799 --> 00:29:42.000
<v Speaker 2>one steel worker could produce one point six seven tons

425
00:29:42.039 --> 00:29:50.079
<v Speaker 2>in an hour. That's what twenty times. So a steel

426
00:29:50.119 --> 00:29:53.640
<v Speaker 2>worker today, or at least in twenty eighteen, was twenty

427
00:29:53.759 --> 00:29:57.319
<v Speaker 2>times more productive than a steel worker in nineteen eighty.

428
00:29:57.319 --> 00:30:00.680
<v Speaker 2>We're not talking about eighteen eighty. We're talking about eighty

429
00:30:00.920 --> 00:30:07.200
<v Speaker 2>twenty times more productive. That's stunning. This, I continued to quote,

430
00:30:07.240 --> 00:30:09.359
<v Speaker 2>this is a good thing. Waging income data in the

431
00:30:09.440 --> 00:30:13.319
<v Speaker 2>United States show the rising tiders lifting all boats, especially

432
00:30:13.359 --> 00:30:22.440
<v Speaker 2>the smallest. He continues, American manufacturers now operate more effect efficiently,

433
00:30:22.759 --> 00:30:26.720
<v Speaker 2>use fewer natural resources, require less back baking labor, produce

434
00:30:26.799 --> 00:30:31.920
<v Speaker 2>less pollution, employ more highly educated people than ever, no

435
00:30:32.119 --> 00:30:34.839
<v Speaker 2>terror for trade restriction is going to reverse these trends,

436
00:30:35.240 --> 00:30:40.640
<v Speaker 2>and the US shouldn't try to do so. Popularists may

437
00:30:40.839 --> 00:30:44.039
<v Speaker 2>want to bring back the factory towns of the nineteen fifties,

438
00:30:44.559 --> 00:30:49.359
<v Speaker 2>but most Americans are too busy enjoying the prosperity of

439
00:30:49.400 --> 00:30:50.400
<v Speaker 2>the twenty twenties.

440
00:30:53.039 --> 00:30:54.680
<v Speaker 3>So I'm not the only one out there.

441
00:30:55.519 --> 00:31:02.759
<v Speaker 2>This is a pretty I'm just well understood phenomena. All right,

442
00:31:05.359 --> 00:31:06.519
<v Speaker 2>what is going on?

443
00:31:11.839 --> 00:31:22.000
<v Speaker 3>All right? Some good news? The all right? That's that?

444
00:31:22.279 --> 00:31:27.279
<v Speaker 2>All right, here we go. No, that's not it. Anyway,

445
00:31:27.440 --> 00:31:30.519
<v Speaker 2>I saw this earlier. Where did I put it? Okay,

446
00:31:30.559 --> 00:31:37.799
<v Speaker 2>it's disappeared on me h. The is a lawsuit now

447
00:31:39.119 --> 00:31:45.839
<v Speaker 2>by there's a lawsuit now filed against the Trump tariffs

448
00:31:46.480 --> 00:31:54.799
<v Speaker 2>claiming that his declaration of emergency powers is unconstitutional and

449
00:31:54.799 --> 00:31:57.759
<v Speaker 2>and and this would be great if the Supreme Court

450
00:31:57.799 --> 00:32:01.480
<v Speaker 2>took this up. The reality is that we have dozens

451
00:32:02.440 --> 00:32:06.720
<v Speaker 2>of emergencies having been declared by presidents over the last

452
00:32:06.720 --> 00:32:13.079
<v Speaker 2>forty years, dozens and all kinds of rights limiting executive

453
00:32:13.160 --> 00:32:18.599
<v Speaker 2>orders that have been the consequences of these emergency declarations.

454
00:32:20.880 --> 00:32:26.119
<v Speaker 2>So it would be amazing if the stream Court was

455
00:32:26.119 --> 00:32:31.039
<v Speaker 2>actually willing to take up willing to take up some

456
00:32:31.119 --> 00:32:35.599
<v Speaker 2>of these emergency power questions and really issue in ruling

457
00:32:36.559 --> 00:32:42.200
<v Speaker 2>that clarifies when it's appropriate to declare an emergency and

458
00:32:42.279 --> 00:32:42.880
<v Speaker 2>when it is not.

459
00:32:44.079 --> 00:32:48.720
<v Speaker 3>There is no emergency, no emergency.

460
00:32:48.119 --> 00:32:51.839
<v Speaker 2>Right now in the United States that would justify Actually,

461
00:32:51.839 --> 00:32:54.319
<v Speaker 2>there's no emergency ever that were justified. But there's no

462
00:32:54.839 --> 00:32:58.720
<v Speaker 2>emergency right now that could even remotely justify Trump stampus,

463
00:33:01.039 --> 00:33:05.960
<v Speaker 2>which basically represents a seizure of power by the executive

464
00:33:06.640 --> 00:33:11.519
<v Speaker 2>from the legislature. Congress can pass the law to raise

465
00:33:11.559 --> 00:33:15.519
<v Speaker 2>his taxes. Congress can pass a law to raise or

466
00:33:15.559 --> 00:33:20.559
<v Speaker 2>impose tariffs. The president cannot do it intillaterally. Now Congress

467
00:33:20.559 --> 00:33:23.920
<v Speaker 2>has defaulted in its responsibilities and given the power the

468
00:33:24.039 --> 00:33:29.000
<v Speaker 2>president Emergency Power Team posed haras in times of emergencies.

469
00:33:29.839 --> 00:33:37.400
<v Speaker 2>But there is no emergency, so there is a chance

470
00:33:38.400 --> 00:33:45.160
<v Speaker 2>that the courts will save us from Trump's tariffs. It's

471
00:33:45.160 --> 00:33:49.880
<v Speaker 2>pretty shaky grounds that Trump is trying to justify this.

472
00:33:53.000 --> 00:33:58.279
<v Speaker 2>So now we've got, you know, these lawsuits. You know,

473
00:33:58.319 --> 00:34:02.319
<v Speaker 2>Trump is attempted to bypass Congress by invoking the International

474
00:34:02.319 --> 00:34:07.119
<v Speaker 2>Emergency Economic Powers Act, But in its fifty year history,

475
00:34:07.160 --> 00:34:11.119
<v Speaker 2>no previous president to use it to impose tariffs and no,

476
00:34:11.719 --> 00:34:15.159
<v Speaker 2>you know, and it's just there's nothing in the law

477
00:34:15.480 --> 00:34:18.360
<v Speaker 2>that would suggest that it's an appropriate use of it.

478
00:34:20.679 --> 00:34:24.360
<v Speaker 2>Now that i ee PA mentions things like embargos and sanctions,

479
00:34:25.079 --> 00:34:29.000
<v Speaker 2>and it's been used against hostile powers like Russia and

480
00:34:29.039 --> 00:34:35.960
<v Speaker 2>North Korea and Iran. But here tariffs are being used

481
00:34:35.960 --> 00:34:37.639
<v Speaker 2>against our friends.

482
00:34:38.079 --> 00:34:43.760
<v Speaker 3>It's not a hostile nation now, you know. To some extent,

483
00:34:43.760 --> 00:34:45.519
<v Speaker 3>Trump is trying to show that.

484
00:34:46.039 --> 00:34:48.960
<v Speaker 2>The tasks are related to, or at least the Canadian

485
00:34:49.039 --> 00:34:54.760
<v Speaker 2>and Mexican traps have related to immigration and drugs, which

486
00:34:54.760 --> 00:34:58.760
<v Speaker 2>he perceives as a security threat. But then how do

487
00:34:58.800 --> 00:35:02.559
<v Speaker 2>you explain tariffs on Europe and other places? This is

488
00:35:02.559 --> 00:35:04.800
<v Speaker 2>going to be really interesting. This is going to be

489
00:35:04.840 --> 00:35:07.760
<v Speaker 2>really interesting. To what extent is the court willing to

490
00:35:07.800 --> 00:35:12.079
<v Speaker 2>protect the war of the legislature in determining what tariffs

491
00:35:12.119 --> 00:35:19.480
<v Speaker 2>are and to what extent will they allow for Congress

492
00:35:19.519 --> 00:35:24.679
<v Speaker 2>to just shrug and renegan its responsibility and approve of

493
00:35:24.719 --> 00:35:27.000
<v Speaker 2>the ability of the president to just declare any kind

494
00:35:27.000 --> 00:35:29.960
<v Speaker 2>of emergency they want in order to pass whatever tariffs

495
00:35:29.960 --> 00:35:34.000
<v Speaker 2>they want. I mean, where Trump is doing with these

496
00:35:34.079 --> 00:35:38.320
<v Speaker 2>executive orders and with these tariffs is a complete negation

497
00:35:38.760 --> 00:35:41.159
<v Speaker 2>of the whole idea of checks and balances that the

498
00:35:41.199 --> 00:35:46.400
<v Speaker 2>Constitution articulates. And it would be amazing if a conservative

499
00:35:46.400 --> 00:35:57.159
<v Speaker 2>court dominated by justices that were selected by Trump actually

500
00:35:57.559 --> 00:36:01.159
<v Speaker 2>votes down these tariffs as unconstitution that would be amazing.

501
00:36:03.079 --> 00:36:05.320
<v Speaker 2>By the way, for those of you interested more in

502
00:36:05.400 --> 00:36:08.239
<v Speaker 2>the whole tariff issue and the whole manufacturing and bring

503
00:36:08.280 --> 00:36:12.760
<v Speaker 2>the jobs back issue, highly recommended essay called buy America

504
00:36:14.199 --> 00:36:20.800
<v Speaker 2>by American is un American? By American is un American

505
00:36:21.199 --> 00:36:24.880
<v Speaker 2>by Harry Binswanger who wrote the essay in the late

506
00:36:25.000 --> 00:36:32.920
<v Speaker 2>nineteen nineties, and as relevant as ever, so check it out.

507
00:36:33.320 --> 00:36:34.960
<v Speaker 3>You can find it at a nine ran dot org.

508
00:36:35.559 --> 00:36:39.840
<v Speaker 2>Just search put in quotation mark by American is un

509
00:36:39.840 --> 00:36:46.199
<v Speaker 2>American and you'll find it. Excellent essay, unbelievably relevant to

510
00:36:46.360 --> 00:36:51.679
<v Speaker 2>what is going on out right now, right now, all right,

511
00:36:52.119 --> 00:36:58.559
<v Speaker 2>let's god, let's see. Let's see.

512
00:37:00.119 --> 00:37:00.320
<v Speaker 3>Yeah.

513
00:37:00.360 --> 00:37:04.599
<v Speaker 2>So this entity that is suing is the New Civil

514
00:37:04.639 --> 00:37:08.480
<v Speaker 2>Liberties Alliance. I have not heard of them. Let's click

515
00:37:08.480 --> 00:37:12.159
<v Speaker 2>on this. Let's find out who the They help protect

516
00:37:12.239 --> 00:37:16.159
<v Speaker 2>civil liberties from the administrative state. That sounds fantastic, And

517
00:37:16.199 --> 00:37:19.960
<v Speaker 2>here's their press release. Today we filed the first lawsuit

518
00:37:20.079 --> 00:37:24.239
<v Speaker 2>challenging President Trump's new tariffs on all China imports. He

519
00:37:24.280 --> 00:37:27.519
<v Speaker 2>imposed it under the International Emergency Economic Powers Act, a

520
00:37:27.599 --> 00:37:31.840
<v Speaker 2>law that lets presidents freeze assets or block transactions during

521
00:37:31.920 --> 00:37:36.159
<v Speaker 2>real national emergencies. It does not let them rewrite US tarifflaw.

522
00:37:37.079 --> 00:37:41.320
<v Speaker 2>Congress has exclusive constitutional power to set tariffs. It already

523
00:37:41.400 --> 00:37:44.119
<v Speaker 2>did so through detailed statutes.

524
00:37:44.599 --> 00:37:46.480
<v Speaker 3>The President can't sit step.

525
00:37:46.880 --> 00:37:51.440
<v Speaker 2>That by invoking vague emergency authority that says nothing about tariffs.

526
00:37:52.039 --> 00:37:56.360
<v Speaker 2>A client, Simplified is a small Florida business owned by

527
00:37:56.440 --> 00:38:00.559
<v Speaker 2>Emily Lee. She sells premium planners and home products that

528
00:38:00.599 --> 00:38:04.119
<v Speaker 2>empower women. Her company imports goods from China that aren't

529
00:38:04.119 --> 00:38:09.039
<v Speaker 2>available here, and she's already paid steep tariffs. The new

530
00:38:09.079 --> 00:38:11.440
<v Speaker 2>Trump tariffs will drive her costs through the roof and

531
00:38:11.480 --> 00:38:15.159
<v Speaker 2>force her to raise prices or cut back. Okay, so

532
00:38:15.199 --> 00:38:20.199
<v Speaker 2>they are suing this. They write about the law. The

533
00:38:20.280 --> 00:38:23.960
<v Speaker 2>law doesn't give president Okay. So here's what they say.

534
00:38:23.960 --> 00:38:26.719
<v Speaker 2>Here's the bottom line. No president has ever used i

535
00:38:26.880 --> 00:38:29.880
<v Speaker 2>ee PA this way, not even Trump in his first term.

536
00:38:30.239 --> 00:38:34.719
<v Speaker 2>This tariff violates the constitution separation of powers, the Major

537
00:38:34.800 --> 00:38:39.239
<v Speaker 2>Questions doctrine, and the non delegation doctrine make clear no

538
00:38:39.400 --> 00:38:44.159
<v Speaker 2>executive can seize the legislative authority to impose economic policies

539
00:38:44.519 --> 00:38:48.400
<v Speaker 2>of quote vast political economic significance unquote without a.

540
00:38:48.400 --> 00:38:51.280
<v Speaker 3>Clear explicit directive from Congress.

541
00:38:52.159 --> 00:38:56.440
<v Speaker 2>The law doesn't give the president this power, the constitution

542
00:38:56.679 --> 00:39:00.440
<v Speaker 2>doesn't allow it, and the courts shouldn't tolerate it. We

543
00:39:00.480 --> 00:39:03.679
<v Speaker 2>are asking the court to vacate the tariff and block

544
00:39:03.760 --> 00:39:08.239
<v Speaker 2>its enforcement because if presidents can start taxing Americans by

545
00:39:08.280 --> 00:39:13.440
<v Speaker 2>emergency order, the constitutionals limits on power don't mean much

546
00:39:13.480 --> 00:39:18.159
<v Speaker 2>at all. I agree completely, So I support this lawsuits

547
00:39:18.159 --> 00:39:21.679
<v Speaker 2>one hundred percent. I think they're absolutely right. I very

548
00:39:21.760 --> 00:39:26.400
<v Speaker 2>much hope that judges block these tariffs, and they block

549
00:39:26.440 --> 00:39:29.840
<v Speaker 2>it sooner rather than later. I hope this goes to

550
00:39:30.239 --> 00:39:32.559
<v Speaker 2>the Supreme Court. I hope this court does a good

551
00:39:32.679 --> 00:39:38.719
<v Speaker 2>job of basically criticizing and maybe vacating all these emergency

552
00:39:38.920 --> 00:39:44.519
<v Speaker 2>power acts and institutions are presidents and all the rights

553
00:39:44.599 --> 00:39:49.320
<v Speaker 2>violations that they have involved over many, many, many years.

554
00:39:50.599 --> 00:39:58.719
<v Speaker 2>So some people are standing up against this, and yep, okay,

555
00:39:59.199 --> 00:40:03.079
<v Speaker 2>final points are make and I made this yesterday, but

556
00:40:03.119 --> 00:40:05.880
<v Speaker 2>it's worth making again to a large extent, that tariffs

557
00:40:05.920 --> 00:40:08.559
<v Speaker 2>are pop play to a large extent, that tariff's are

558
00:40:08.559 --> 00:40:12.400
<v Speaker 2>way for Trump to flex his muscles, their way for

559
00:40:12.480 --> 00:40:15.679
<v Speaker 2>him to gain attention, their way for him to force

560
00:40:16.360 --> 00:40:19.760
<v Speaker 2>global leaders and corporate leaders to come and grovel before him,

561
00:40:20.320 --> 00:40:22.840
<v Speaker 2>Their way to get them to kiss his ring, to

562
00:40:22.880 --> 00:40:24.119
<v Speaker 2>realize he's got real.

563
00:40:23.920 --> 00:40:24.880
<v Speaker 3>Power in the world.

564
00:40:25.639 --> 00:40:29.760
<v Speaker 2>And they give him that thrill of making everybody in

565
00:40:29.800 --> 00:40:34.400
<v Speaker 2>the world dependent on him. He is a center of attention.

566
00:40:35.079 --> 00:40:37.599
<v Speaker 2>He is the man that everybody's going to fly to see.

567
00:40:38.039 --> 00:40:39.800
<v Speaker 2>He is the man that they're going to take out

568
00:40:39.800 --> 00:40:43.480
<v Speaker 2>to dinner for a check for five million dollars. This

569
00:40:43.559 --> 00:40:45.559
<v Speaker 2>is the most.

570
00:40:45.360 --> 00:40:48.480
<v Speaker 3>Crony what is it?

571
00:40:48.719 --> 00:40:57.800
<v Speaker 2>A swamp friendly legius, you know, economic policy. Ever, ever,

572
00:40:59.280 --> 00:41:03.400
<v Speaker 2>it's truly a disaster. All right, we'll call that the

573
00:41:03.480 --> 00:41:07.079
<v Speaker 2>news for Sunday, April sixth. Again, I'll be back to

574
00:41:07.320 --> 00:41:13.960
<v Speaker 2>a more systematic presentation of the news starting on Wednesday.

575
00:41:14.079 --> 00:41:16.920
<v Speaker 2>Starting on Wednesday, but this will have to do for today. Now,

576
00:41:16.920 --> 00:41:20.119
<v Speaker 2>we've got some questions, but we're way off our targets.

577
00:41:20.159 --> 00:41:23.360
<v Speaker 2>So our first our target is two hundred and fifty dollars.

578
00:41:23.679 --> 00:41:26.559
<v Speaker 2>We've got about one hundred and fifty to go, So

579
00:41:26.639 --> 00:41:30.159
<v Speaker 2>please consider supporting the show with a sticker with the

580
00:41:30.239 --> 00:41:34.559
<v Speaker 2>question questions are great because I get to answer them.

581
00:41:35.280 --> 00:41:38.159
<v Speaker 2>You know, if anybody out there is we don't have

582
00:41:38.199 --> 00:41:41.440
<v Speaker 2>a single twenty dollars question, which is very unusual. So

583
00:41:41.840 --> 00:41:43.880
<v Speaker 2>those of you so inclined, it would be great if

584
00:41:43.920 --> 00:41:47.000
<v Speaker 2>you jumped in with twenty fifty one hundred, five hundred

585
00:41:47.000 --> 00:41:48.079
<v Speaker 2>dollars questions.

586
00:41:48.760 --> 00:41:49.760
<v Speaker 3>Get us past that goal.

587
00:41:50.440 --> 00:41:56.719
<v Speaker 2>Don't, don't, don't let the goal be not reached. We've

588
00:41:56.760 --> 00:41:59.000
<v Speaker 2>got the first hour goal of to fifty in the

589
00:41:59.039 --> 00:42:00.480
<v Speaker 2>second hour goal of life hundred.

590
00:42:01.119 --> 00:42:02.199
<v Speaker 3>Also a reminder to.

591
00:42:03.800 --> 00:42:06.199
<v Speaker 2>You can support the show on Patreon patreon dot com

592
00:42:07.199 --> 00:42:08.679
<v Speaker 2>and just put your one book show and you can

593
00:42:08.679 --> 00:42:11.599
<v Speaker 2>become a monthly supporter of the show. All right, let's

594
00:42:11.679 --> 00:42:14.599
<v Speaker 2>jump into this. Nephel, thank you for the sticker. We've

595
00:42:14.639 --> 00:42:17.440
<v Speaker 2>got a number of stickers here, actually, Barbara, thank you

596
00:42:17.480 --> 00:42:21.199
<v Speaker 2>for the sticker. And I saw I think Sylvanas was

597
00:42:21.199 --> 00:42:25.960
<v Speaker 2>a Silvanas who did a sticker here. Savannahs yes, Savanas

598
00:42:25.960 --> 00:42:28.559
<v Speaker 2>a sticker, and Jonathan Honing a sticker, So thank you

599
00:42:29.000 --> 00:42:33.400
<v Speaker 2>Cold Savage. Thank you guys for the stickers. Really really

600
00:42:33.400 --> 00:42:37.440
<v Speaker 2>appreciate Barbara. Another one, no, no, no, no on same one. Okay,

601
00:42:37.480 --> 00:42:40.559
<v Speaker 2>thank you guys. I very much appreciate it, but we

602
00:42:40.639 --> 00:42:45.079
<v Speaker 2>need a lot more so coming over value for value

603
00:42:45.320 --> 00:42:49.159
<v Speaker 2>a trade. It's late at night here in Israel, you know,

604
00:42:50.239 --> 00:42:53.280
<v Speaker 2>all right, So yeah, we're probably gonna make the short

605
00:42:53.480 --> 00:42:59.800
<v Speaker 2>and equal to reality says nice made it live on

606
00:43:00.039 --> 00:43:05.840
<v Speaker 2>dying for once. Good job, good job. Yeah these days,

607
00:43:06.159 --> 00:43:09.159
<v Speaker 2>given I'm doing for Israel, it's a much better time

608
00:43:09.519 --> 00:43:14.880
<v Speaker 2>for anybody in the UK, like equal to reality. I c. Saracen,

609
00:43:15.280 --> 00:43:18.559
<v Speaker 2>what's your view on reports about Israeli killing Palestinian children?

610
00:43:18.880 --> 00:43:19.639
<v Speaker 3>Is it true or not?

611
00:43:21.360 --> 00:43:24.760
<v Speaker 2>I don't know what reports you're talking about, but do

612
00:43:24.840 --> 00:43:30.480
<v Speaker 2>Palestinian children die during this war? Sure, the collateral damage

613
00:43:30.920 --> 00:43:32.840
<v Speaker 2>to the fact that as Well is fighting to defend

614
00:43:32.840 --> 00:43:36.840
<v Speaker 2>itself and in a war, children die. It's the one

615
00:43:37.039 --> 00:43:41.000
<v Speaker 2>population that is mostly innocent. Also, there is one question

616
00:43:41.119 --> 00:43:46.440
<v Speaker 2>is what constitutes a child. Hamas trains Palestinian children starting

617
00:43:46.480 --> 00:43:49.280
<v Speaker 2>in age eight fourteen? Is a fourteen year old, a

618
00:43:49.320 --> 00:43:51.239
<v Speaker 2>sixteen year old, the seventeen year old? Are they children

619
00:43:51.280 --> 00:43:56.800
<v Speaker 2>that they count as children? But a Palestinian children dying

620
00:43:56.800 --> 00:44:01.920
<v Speaker 2>in Gaza? Yeah, probably, probably in lesser numbers than are reported,

621
00:44:01.920 --> 00:44:07.039
<v Speaker 2>but they're probably dying because they the terrorists, the Ramas

622
00:44:07.519 --> 00:44:10.679
<v Speaker 2>are hiding among civilian population, and the only way to

623
00:44:10.719 --> 00:44:15.320
<v Speaker 2>fight them is by taking the fight to the civilian populations,

624
00:44:15.360 --> 00:44:16.880
<v Speaker 2>and the civilians are going to die.

625
00:44:16.960 --> 00:44:19.280
<v Speaker 3>Who is morally responsible for their death?

626
00:44:20.199 --> 00:44:23.800
<v Speaker 2>The moral responsibility for the death of every Palestinian child

627
00:44:24.519 --> 00:44:28.320
<v Speaker 2>is on Hamas. It's on those who initiate force, not

628
00:44:28.480 --> 00:44:31.280
<v Speaker 2>on those of polar trigger. Those are polar trigger fighting

629
00:44:31.280 --> 00:44:38.360
<v Speaker 2>in self defense. The cause, the reason they're fighting is

630
00:44:38.400 --> 00:44:43.320
<v Speaker 2>the initiation of force Bahramas and other Palestinian.

631
00:44:45.480 --> 00:44:47.119
<v Speaker 3>Other Palestinian.

632
00:44:49.199 --> 00:44:58.000
<v Speaker 2>Militants, okay, also icy Saracens. There was a video of

633
00:44:58.039 --> 00:45:01.159
<v Speaker 2>an Israeli hostage kissing is tramasq. Is it fake or

634
00:45:01.239 --> 00:45:04.679
<v Speaker 2>is it genuine? It's probably genuine, but it's probably done

635
00:45:04.760 --> 00:45:10.280
<v Speaker 2>on the duress. You know, these hostages don't love their

636
00:45:10.360 --> 00:45:16.320
<v Speaker 2>Hamas captors. They're not enthusiastic about it. They've been treated horrifically,

637
00:45:16.440 --> 00:45:20.719
<v Speaker 2>not horribly horrifically. They were dragged from their homes, they

638
00:45:20.760 --> 00:45:26.199
<v Speaker 2>were kidnapped. They don't They're not kissing the Harmas hostages

639
00:45:26.199 --> 00:45:28.880
<v Speaker 2>because they like them. They may be kissing the Harama

640
00:45:28.920 --> 00:45:30.800
<v Speaker 2>sasages because somebody put a gun to their head and

641
00:45:30.840 --> 00:45:33.800
<v Speaker 2>said you better kiss the thing because we're gonna put

642
00:45:33.840 --> 00:45:38.599
<v Speaker 2>it on TV. I think it's pretty disgusting to assume

643
00:45:38.639 --> 00:45:45.920
<v Speaker 2>anything otherwise. But yes, so it might be true, it

644
00:45:46.000 --> 00:45:49.880
<v Speaker 2>might be real, but it is a consequence of corrosion

645
00:45:50.760 --> 00:45:58.360
<v Speaker 2>by Hamas. No hostage is loves his captor and enjoyed

646
00:45:58.360 --> 00:46:04.159
<v Speaker 2>his captivity. Stephen Katz, what do you think of the

647
00:46:04.239 --> 00:46:09.400
<v Speaker 2>odds are becoming an actuary after being a lawyer. What

648
00:46:09.480 --> 00:46:11.800
<v Speaker 2>kind of things can I do to have a chance.

649
00:46:12.559 --> 00:46:15.039
<v Speaker 2>I mean, I don't see any reason why not. You

650
00:46:15.079 --> 00:46:19.039
<v Speaker 2>would have to study actuarial science. You would have to,

651
00:46:19.719 --> 00:46:22.840
<v Speaker 2>you know, study for it. I don't see why you

652
00:46:22.840 --> 00:46:25.199
<v Speaker 2>couldn't go and get a degree in actual science. That's

653
00:46:25.280 --> 00:46:27.719
<v Speaker 2>the step you would have to take. Actual science is

654
00:46:27.760 --> 00:46:33.559
<v Speaker 2>not easy. It's a m it requires deep mathematical skills,

655
00:46:33.719 --> 00:46:37.559
<v Speaker 2>real mathematical skills, and it's it's complicated. I don't think

656
00:46:37.559 --> 00:46:40.039
<v Speaker 2>you can go just from lawyer to actuary. I think

657
00:46:40.039 --> 00:46:42.360
<v Speaker 2>you would have to get a degree. And there are

658
00:46:42.840 --> 00:46:46.159
<v Speaker 2>places that are universities specialize in actuarial science, and that's

659
00:46:46.199 --> 00:46:46.960
<v Speaker 2>where I would go.

660
00:46:53.679 --> 00:46:54.280
<v Speaker 3>IC service.

661
00:46:54.320 --> 00:46:58.039
<v Speaker 2>And you say these hostages are being starved the torches,

662
00:46:58.199 --> 00:47:00.239
<v Speaker 2>but there are videos of them saying they've been app

663
00:47:02.239 --> 00:47:07.440
<v Speaker 2>they're being well kept, some saying they were protected. A

664
00:47:07.519 --> 00:47:09.320
<v Speaker 2>lot of them say that because they're trying to protect

665
00:47:09.360 --> 00:47:12.599
<v Speaker 2>the hostages that are still left over. But as somebody

666
00:47:12.599 --> 00:47:18.280
<v Speaker 2>who knows, people who know the hostage' is firsthand, the

667
00:47:18.320 --> 00:47:22.119
<v Speaker 2>stories that they tell, not to the media, but in person,

668
00:47:22.559 --> 00:47:29.119
<v Speaker 2>the stories that they tell are stories of horror, horrific conditions,

669
00:47:29.159 --> 00:47:32.239
<v Speaker 2>the stories of of of and and we know this

670
00:47:32.400 --> 00:47:36.280
<v Speaker 2>because of the forensic Effidets on the ground. Are being

671
00:47:36.360 --> 00:47:40.800
<v Speaker 2>kept alone in the dark, being beaten, being provided very

672
00:47:40.840 --> 00:47:46.800
<v Speaker 2>little food, are being provided, very little, if minimal, what

673
00:47:46.800 --> 00:47:49.599
<v Speaker 2>do you call medical treatment are being you know, some

674
00:47:49.639 --> 00:47:52.639
<v Speaker 2>of the hostages are being murdered in cold blood. Many

675
00:47:52.719 --> 00:47:55.599
<v Speaker 2>of them are being beaten to the point where they died.

676
00:47:57.480 --> 00:48:01.480
<v Speaker 2>Those the bee Bus babies, the babies, we're talking babies

677
00:48:01.519 --> 00:48:07.960
<v Speaker 2>six months, What the exact ages were they were killed.

678
00:48:08.159 --> 00:48:11.880
<v Speaker 2>They were murdered in cold blood. Their mother murdered in

679
00:48:11.960 --> 00:48:14.280
<v Speaker 2>cold blood. We don't know what else was done to her,

680
00:48:14.320 --> 00:48:18.440
<v Speaker 2>but one can only imagine. Uh, I don't know, you know,

681
00:48:18.559 --> 00:48:24.679
<v Speaker 2>given the videos that Hamas filmed on October seventh, the barbaric,

682
00:48:24.880 --> 00:48:28.599
<v Speaker 2>animalistic behavior that they engaged in, the raping, the torturing,

683
00:48:28.679 --> 00:48:36.719
<v Speaker 2>the burning, Why would you even think that they would

684
00:48:36.800 --> 00:48:43.840
<v Speaker 2>be treat their hostage as well. These are barbarians. They've

685
00:48:43.840 --> 00:48:47.519
<v Speaker 2>proven themselves to be barbarians, and they have prided themselves

686
00:48:47.519 --> 00:48:50.639
<v Speaker 2>on their barbarity. They videotaped this, they put it up

687
00:48:50.639 --> 00:48:59.440
<v Speaker 2>on social media, they relished it. Dragging goals through the streets,

688
00:49:00.800 --> 00:49:03.960
<v Speaker 2>dragging the bodies of women through the streets. I mean,

689
00:49:04.280 --> 00:49:08.119
<v Speaker 2>these are not actions or civilized human beings. So why

690
00:49:08.159 --> 00:49:12.199
<v Speaker 2>would you make any positive assumptions about anything that they do?

691
00:49:14.280 --> 00:49:19.039
<v Speaker 2>And finally, they taking hostages, They're taking people of their

692
00:49:19.039 --> 00:49:25.559
<v Speaker 2>homes and they are imprisoning them against their will, Why

693
00:49:25.559 --> 00:49:27.880
<v Speaker 2>would you assume they treat them well under those conditions.

694
00:49:29.360 --> 00:49:32.480
<v Speaker 2>I find it bewildering that you would even make that exception.

695
00:49:32.599 --> 00:49:35.159
<v Speaker 2>Of course, it's not true. You know, I just watched

696
00:49:35.280 --> 00:49:40.039
<v Speaker 2>video today of one of the hostages describing how horrible

697
00:49:40.079 --> 00:49:44.159
<v Speaker 2>the treatment was that she was under. Well, she was

698
00:49:44.159 --> 00:49:47.320
<v Speaker 2>aug one of the released hostages. They are dozens of

699
00:49:47.360 --> 00:49:50.480
<v Speaker 2>these videos. You don't have to you know, maybe you're

700
00:49:50.480 --> 00:49:54.840
<v Speaker 2>watching some propaganda channels of ramas pro rama sympathizers who

701
00:49:54.840 --> 00:49:59.079
<v Speaker 2>are chooses a few exceptions of hostages that were maybe

702
00:49:59.480 --> 00:50:04.119
<v Speaker 2>treated the simply versus the many, many, many videos of

703
00:50:04.199 --> 00:50:08.880
<v Speaker 2>hostages that have been treated awfully, plus the first hand

704
00:50:08.880 --> 00:50:12.880
<v Speaker 2>of testimony that the people who've actually talked to hostages

705
00:50:12.880 --> 00:50:18.920
<v Speaker 2>that being released have talked about it. Yeah, Jennifer says,

706
00:50:18.960 --> 00:50:22.480
<v Speaker 2>this icy guy is dishonest. There's something going on there.

707
00:50:22.679 --> 00:50:31.880
<v Speaker 2>I mean, clearly his questions, all right, Michael, how does

708
00:50:32.000 --> 00:50:36.239
<v Speaker 2>Trump think destroying everyone's stock portfolio is supposed to help

709
00:50:36.239 --> 00:50:44.800
<v Speaker 2>his legacy? Narcissists care about legacy, Nihilists don't. I think

710
00:50:44.880 --> 00:50:49.360
<v Speaker 2>he's talked himself into believing that there will be a turnaround.

711
00:50:49.360 --> 00:50:52.119
<v Speaker 2>He's talked himself into believing that the long term consequence

712
00:50:52.119 --> 00:50:54.199
<v Speaker 2>of this are all going to be positive. That's going

713
00:50:54.239 --> 00:50:57.000
<v Speaker 2>to be manufacturing back home, that there's going to be

714
00:50:57.039 --> 00:51:00.760
<v Speaker 2>this golden age, and this is the temporary, short term.

715
00:51:00.880 --> 00:51:02.639
<v Speaker 2>I think he stalked himself into that, and I think

716
00:51:04.199 --> 00:51:07.880
<v Speaker 2>they will keep making arguments, you know, suggesting that this

717
00:51:08.039 --> 00:51:15.199
<v Speaker 2>is the case. But you know, I really do think

718
00:51:15.239 --> 00:51:19.360
<v Speaker 2>that he's at a point where what he really cares

719
00:51:19.400 --> 00:51:22.800
<v Speaker 2>about is getting back at the people he believes have

720
00:51:22.880 --> 00:51:25.559
<v Speaker 2>her to him, including Wall Street, and I think that

721
00:51:25.639 --> 00:51:29.480
<v Speaker 2>he has nihilistic tendencies are now stronger, maybe than his

722
00:51:29.599 --> 00:51:35.239
<v Speaker 2>narcissistic ones. But you know, he can be a nihilist

723
00:51:35.320 --> 00:51:38.639
<v Speaker 2>and irrationalizes narcissism. He's rationalized that he will have a

724
00:51:38.719 --> 00:51:42.199
<v Speaker 2>legacy by assuming that something good will come of this,

725
00:51:42.760 --> 00:51:45.239
<v Speaker 2>or that by doing this he is destroying his enemies

726
00:51:45.239 --> 00:51:47.559
<v Speaker 2>and destroying the enemies of America, and therefore there will

727
00:51:47.599 --> 00:51:53.000
<v Speaker 2>be positive consequences by eliminating the enemies of America. You know,

728
00:51:53.039 --> 00:52:00.719
<v Speaker 2>it's very difficult to analyze an irrational, completely irrational mind.

729
00:52:01.800 --> 00:52:07.239
<v Speaker 2>It's not like people are pure narcissism, pure nihilism and

730
00:52:07.360 --> 00:52:12.760
<v Speaker 2>pure pragmatism and pure mafiosa. People a mishmash of a

731
00:52:12.800 --> 00:52:15.239
<v Speaker 2>lot of different things. On any given day, one of

732
00:52:15.239 --> 00:52:19.800
<v Speaker 2>those might motivate them. Again, irrationality is inconsistency. It's inconsistent

733
00:52:19.880 --> 00:52:30.719
<v Speaker 2>by its very nature. Frederick, I missed yesterday's show, but

734
00:52:30.760 --> 00:52:34.800
<v Speaker 2>I want to second yesterday's on the LeRoy's message. YBS

735
00:52:34.920 --> 00:52:38.519
<v Speaker 2>withdrawal is real. I'm glad you're safe and the WiFi

736
00:52:38.559 --> 00:52:42.719
<v Speaker 2>hasn't caused trouble so far. Thank you, Frederick. And uh,

737
00:52:44.360 --> 00:52:49.719
<v Speaker 2>Unfortunately the next two months are going to be spotty

738
00:52:49.840 --> 00:52:52.320
<v Speaker 2>when it comes to your on book shows. Now, not

739
00:52:52.360 --> 00:52:53.800
<v Speaker 2>that there won't be a lot. There'll be a lot,

740
00:52:53.840 --> 00:52:56.119
<v Speaker 2>but they won't be as consistent as they have been

741
00:52:56.159 --> 00:52:58.159
<v Speaker 2>in the last few months, and they won't be as

742
00:52:58.199 --> 00:52:58.840
<v Speaker 2>consistent as.

743
00:52:58.760 --> 00:53:04.239
<v Speaker 3>Afterwards because of the travel. So that is the reality.

744
00:53:05.519 --> 00:53:09.440
<v Speaker 2>Neil. You have Gallant's latest interview highlights actions Israel could

745
00:53:09.440 --> 00:53:13.800
<v Speaker 2>have taken but b be refused a much he must

746
00:53:14.079 --> 00:53:20.920
<v Speaker 2>watch for insights and discussion. Yeah, I I recommended. I

747
00:53:20.960 --> 00:53:24.079
<v Speaker 2>think Gallant was generally a force for the good within

748
00:53:24.119 --> 00:53:30.280
<v Speaker 2>the Nataniel government, particularly in the first days after October seventh.

749
00:53:31.000 --> 00:53:33.639
<v Speaker 3>Again, I have said this for years.

750
00:53:34.199 --> 00:53:42.119
<v Speaker 2>Netao is a coward, a procrastinator, a power lusting, you know,

751
00:53:42.239 --> 00:53:47.159
<v Speaker 2>narcissist who has done more harm than good for Israel

752
00:53:47.239 --> 00:53:52.280
<v Speaker 2>and should have been kicked out as Prime Minister immediately

753
00:53:52.320 --> 00:53:55.440
<v Speaker 2>after October seventh. I think somebody like Gallant could have

754
00:53:55.440 --> 00:53:55.760
<v Speaker 2>done just.

755
00:53:55.800 --> 00:53:56.519
<v Speaker 3>As good a job.

756
00:53:57.480 --> 00:53:59.199
<v Speaker 2>Indeed, I think he could have done a much better

757
00:53:59.280 --> 00:54:06.920
<v Speaker 2>job in Ntennio. I'm more anti Nitenial today than I've

758
00:54:06.960 --> 00:54:13.239
<v Speaker 2>ever been in the past. Stephen, this actually had no

759
00:54:13.320 --> 00:54:18.000
<v Speaker 2>actual experience, has few tech skills. But I passed the

760
00:54:18.039 --> 00:54:20.920
<v Speaker 2>first two tests a long time ago. Does that change

761
00:54:20.960 --> 00:54:26.800
<v Speaker 2>your answer? You know, I don't know. I'm not an

762
00:54:26.800 --> 00:54:30.599
<v Speaker 2>expert on the actual field. I don't know what it's

763
00:54:30.599 --> 00:54:33.679
<v Speaker 2>going to take. You passed the tests a long time ago.

764
00:54:36.760 --> 00:54:37.599
<v Speaker 3>I don't know if.

765
00:54:37.519 --> 00:54:40.280
<v Speaker 2>It's worth retaking them. It might be, or if it's

766
00:54:40.320 --> 00:54:44.840
<v Speaker 2>worth brushing up on the content. But you know, I

767
00:54:44.920 --> 00:54:47.320
<v Speaker 2>think it's I think it's going to be challenging to

768
00:54:47.320 --> 00:54:53.360
<v Speaker 2>be hired unless you can convince the employers that your

769
00:54:53.719 --> 00:54:59.199
<v Speaker 2>skill set is fresh, that you know that it's clinton,

770
00:54:59.239 --> 00:55:03.440
<v Speaker 2>it's fresh, you've been a lawyer. How would they know

771
00:55:03.480 --> 00:55:05.000
<v Speaker 2>you'll know how to do the job.

772
00:55:10.039 --> 00:55:12.320
<v Speaker 3>Thank you, Stephen. I hope this is awful. I'm not

773
00:55:12.320 --> 00:55:12.760
<v Speaker 3>sure it is.

774
00:55:14.159 --> 00:55:14.400
<v Speaker 1>I c.

775
00:55:14.599 --> 00:55:15.079
<v Speaker 3>Saracen.

776
00:55:15.800 --> 00:55:17.880
<v Speaker 2>You are making it sound like it's Qatar, not Iran

777
00:55:17.920 --> 00:55:19.559
<v Speaker 2>that is the threat to as well. No, Kata's not

778
00:55:19.559 --> 00:55:22.119
<v Speaker 2>a threat to Israel directly. Kata just has a lot

779
00:55:22.159 --> 00:55:27.119
<v Speaker 2>of money. Iran doesn't. And Iran provides huge quantities of

780
00:55:27.159 --> 00:55:30.400
<v Speaker 2>money to Gaza, but so does Qatar. You know you

781
00:55:30.480 --> 00:55:33.920
<v Speaker 2>can have two enemies, not just one. The main enemy

782
00:55:34.000 --> 00:55:37.000
<v Speaker 2>of Israel in the Middle East is Iran, but Qatar

783
00:55:37.880 --> 00:55:41.960
<v Speaker 2>is a funder of terrorism. Qatar is a supporter of Ramas.

784
00:55:42.559 --> 00:55:49.400
<v Speaker 2>Qatar is a supporter of Sunni extremism, Sunni Islamism and

785
00:55:49.480 --> 00:55:53.159
<v Speaker 2>therefore particularly from Syria. Now Qatar is very close to

786
00:55:53.199 --> 00:55:56.800
<v Speaker 2>the new Syrian regime. It is a threat and it

787
00:55:56.840 --> 00:55:58.360
<v Speaker 2>needs to be dealt with as a threat.

788
00:55:58.559 --> 00:56:00.119
<v Speaker 3>And the fact that.

789
00:56:00.159 --> 00:56:03.920
<v Speaker 2>Israel is allowing Qatar to help with the negotiations with

790
00:56:04.400 --> 00:56:05.800
<v Speaker 2>Hamas is a disgrace.

791
00:56:06.159 --> 00:56:08.679
<v Speaker 3>First of all, they shouldn't be negotiations, but they certainly

792
00:56:08.719 --> 00:56:09.519
<v Speaker 3>should not be.

793
00:56:10.280 --> 00:56:15.480
<v Speaker 2>Moderated by Qatar. Qatar is not a disinterested party. Qatar

794
00:56:15.559 --> 00:56:18.559
<v Speaker 2>is clearly a Hamas ally, and it should be treated

795
00:56:18.559 --> 00:56:19.480
<v Speaker 2>as a Hamas ally.

796
00:56:19.599 --> 00:56:22.920
<v Speaker 3>So I don't think Israel has much choice because.

797
00:56:22.760 --> 00:56:26.239
<v Speaker 2>The US thinks Qatar is an ally or behaves as

798
00:56:26.280 --> 00:56:29.920
<v Speaker 2>if Katara is an ally, in spite of all the evidence.

799
00:56:29.519 --> 00:56:30.119
<v Speaker 3>Of the contrary.

800
00:56:30.639 --> 00:56:32.800
<v Speaker 2>An add to that that Qatar is the number one

801
00:56:32.840 --> 00:56:38.000
<v Speaker 2>supporter of American universities. It provides more funds to American

802
00:56:38.079 --> 00:56:44.239
<v Speaker 2>universities than any other institution out there, and that support

803
00:56:44.360 --> 00:56:49.000
<v Speaker 2>is unbelievably corrupting of American universities because Qatar is dedicated

804
00:56:49.000 --> 00:56:53.480
<v Speaker 2>to an Islamist ideology. Now, that doesn't make it the

805
00:56:53.559 --> 00:56:55.320
<v Speaker 2>number one thread in the Middle East. It's a tiny,

806
00:56:55.320 --> 00:56:57.239
<v Speaker 2>low country. It has money, but it has nothing else.

807
00:56:57.840 --> 00:56:59.639
<v Speaker 2>The number one thread in the Middle East is Iran.

808
00:57:00.199 --> 00:57:03.239
<v Speaker 2>It's the ideological home of Islamism, and it actually has

809
00:57:03.480 --> 00:57:07.519
<v Speaker 2>missiles and an army and the potential for nuclear weapons.

810
00:57:07.920 --> 00:57:10.719
<v Speaker 2>It doesn't mean we should have ben Qatar. You can

811
00:57:10.719 --> 00:57:13.159
<v Speaker 2>have one with one enemy. You can have more than

812
00:57:13.159 --> 00:57:15.360
<v Speaker 2>one threat. You can have more than one country that

813
00:57:15.480 --> 00:57:23.880
<v Speaker 2>presents a threat to you. Demon you see the video

814
00:57:23.880 --> 00:57:27.480
<v Speaker 2>of Trump posted, didn't make about him trying to bring

815
00:57:27.519 --> 00:57:30.559
<v Speaker 2>stocks down. Yes, yesterday, I think to fill the treasury

816
00:57:30.760 --> 00:57:34.239
<v Speaker 2>to get fed to lower interest rates. Apparently White House

817
00:57:34.280 --> 00:57:37.199
<v Speaker 2>responded that it isn't trying to lower stocks. Yeah, I

818
00:57:37.239 --> 00:57:39.280
<v Speaker 2>mean I'm sure they did. I mean, I'm sure that

819
00:57:39.400 --> 00:57:42.800
<v Speaker 2>video scared them and the Trump would retweet it, retweet it.

820
00:57:42.880 --> 00:57:47.519
<v Speaker 2>But yes, there is the theory out there that what

821
00:57:47.639 --> 00:57:52.440
<v Speaker 2>the Trump administration would like is a recession. A session

822
00:57:52.480 --> 00:57:56.079
<v Speaker 2>would force the Federals off to lower interest rates. Lower

823
00:57:56.079 --> 00:58:00.480
<v Speaker 2>interest rates would reduce the interest payments that the government

824
00:58:00.559 --> 00:58:04.000
<v Speaker 2>has to make on its debt, which would reduce the deficit,

825
00:58:06.239 --> 00:58:09.760
<v Speaker 2>which would then lead to what to a batter economy,

826
00:58:10.239 --> 00:58:14.079
<v Speaker 2>which would then raise interest rates that would then increase

827
00:58:14.239 --> 00:58:20.039
<v Speaker 2>payments on the debt. I mean, look, you can play games.

828
00:58:20.079 --> 00:58:22.639
<v Speaker 2>You could pretend that all this works. It doesn't. All

829
00:58:22.679 --> 00:58:25.599
<v Speaker 2>this is a disaster. None of it will work, and

830
00:58:25.639 --> 00:58:30.039
<v Speaker 2>a recession. A recession actually reduces revenues to the government.

831
00:58:30.679 --> 00:58:34.039
<v Speaker 2>If companies don't make as much money, then they pay

832
00:58:34.119 --> 00:58:37.480
<v Speaker 2>less taxes. If individuals lose their jobs, they don't pay taxes.

833
00:58:37.480 --> 00:58:42.480
<v Speaker 2>If individual they actually start drawing on benefits, more people

834
00:58:42.920 --> 00:58:47.000
<v Speaker 2>go in welfare, and people's incomes go down, so they

835
00:58:47.000 --> 00:58:50.679
<v Speaker 2>pay fewer taxes. So a recession actually reduces revenue, so

836
00:58:50.760 --> 00:58:54.199
<v Speaker 2>it doesn't help the deficit that much. Even if interestates

837
00:58:54.199 --> 00:58:58.559
<v Speaker 2>come down. In the meantime, you're destroying people's lives, You're

838
00:58:58.599 --> 00:59:02.119
<v Speaker 2>causing real economic harm. You're setting in America backwards. It's

839
00:59:02.119 --> 00:59:05.320
<v Speaker 2>going to have to catch up somehow. It's just an

840
00:59:05.440 --> 00:59:12.880
<v Speaker 2>unmitigated from beginning to end disaster. And you know, there's

841
00:59:12.880 --> 00:59:17.679
<v Speaker 2>no guarantee that interstates will indeed go down, because it's possible.

842
00:59:17.719 --> 00:59:20.400
<v Speaker 2>Then inflation picks up as interstates go down, and then

843
00:59:20.400 --> 00:59:24.199
<v Speaker 2>the Fed has to increase interest rates. There's one way

844
00:59:24.440 --> 00:59:29.960
<v Speaker 2>you can solve all these problems. Cut coment spending, cut

845
00:59:29.960 --> 00:59:33.280
<v Speaker 2>come and spending a lot, and at the same time

846
00:59:33.320 --> 00:59:37.800
<v Speaker 2>county regulations. That's the formula of economic growth. That's the

847
00:59:37.840 --> 00:59:42.840
<v Speaker 2>formula of economic success. Cut goverment spending a lot, and

848
00:59:42.880 --> 00:59:56.159
<v Speaker 2>cut regulations a lot. That'll do it, Nrick trumpstaffs is

849
00:59:56.400 --> 01:00:00.239
<v Speaker 2>class warfare against Americans of the mind, for those of

850
01:00:00.280 --> 01:00:06.280
<v Speaker 2>the muscle. But it's not. Trump's tariffs is a war

851
01:00:06.400 --> 01:00:11.800
<v Speaker 2>against all working Americans. Doesn't matter mind or muscle. Right,

852
01:00:11.880 --> 01:00:14.480
<v Speaker 2>even the working class who works with their muscles still

853
01:00:14.559 --> 01:00:17.079
<v Speaker 2>use their mind. And the reality is that this is

854
01:00:17.119 --> 01:00:23.840
<v Speaker 2>an attack about against every working productive every American working

855
01:00:23.840 --> 01:00:29.679
<v Speaker 2>in a productive job. This is a war against them.

856
01:00:30.119 --> 01:00:31.199
<v Speaker 3>It's destructive to them.

857
01:00:31.239 --> 01:00:33.199
<v Speaker 2>It will lower their quality of life, it will lower

858
01:00:33.199 --> 01:00:34.280
<v Speaker 2>this stand of living.

859
01:00:37.400 --> 01:00:39.559
<v Speaker 3>Store Brust.

860
01:00:40.880 --> 01:00:43.079
<v Speaker 2>If you had a five year time span to invest

861
01:00:43.079 --> 01:00:47.760
<v Speaker 2>one hundred thousand Israeli schickel, would you stay away from

862
01:00:47.880 --> 01:00:51.320
<v Speaker 2>stocks and invest in bonds? Split hap bonds and the

863
01:00:51.360 --> 01:00:54.760
<v Speaker 2>other half as simply five hundred. I don't give investment advice.

864
01:00:55.320 --> 01:00:55.559
<v Speaker 2>You know.

865
01:00:55.639 --> 01:00:56.480
<v Speaker 3>This depends on.

866
01:00:58.239 --> 01:01:01.480
<v Speaker 2>What your other assets are, your income is, what your

867
01:01:01.719 --> 01:01:04.199
<v Speaker 2>job prospects are, depends on a million different things. I

868
01:01:04.280 --> 01:01:08.239
<v Speaker 2>hold you a million different things. But you know right now,

869
01:01:08.320 --> 01:01:12.840
<v Speaker 2>in this environment, which bonds would you choose? Israeli bonds,

870
01:01:12.880 --> 01:01:18.280
<v Speaker 2>American bonds, Dollar bonds, Shehakel bonds. There's too many factors

871
01:01:18.280 --> 01:01:21.079
<v Speaker 2>here that even if I wanted to give you financial advice,

872
01:01:21.119 --> 01:01:23.599
<v Speaker 2>and I don't that you would have to take into

873
01:01:23.639 --> 01:01:26.599
<v Speaker 2>account in thinking about this. But it might be a

874
01:01:26.599 --> 01:01:28.719
<v Speaker 2>good idea to hold cash for a little while, just

875
01:01:28.760 --> 01:01:38.679
<v Speaker 2>to see how things shake out. Jennifer, there were just

876
01:01:38.800 --> 01:01:42.519
<v Speaker 2>anti Trump protests here, but it wasn't hands off my freedom,

877
01:01:42.800 --> 01:01:45.840
<v Speaker 2>it was hands off my free stuff. Yes, I mean

878
01:01:45.880 --> 01:01:48.719
<v Speaker 2>that's the problem that there is no pro freedom movement

879
01:01:48.719 --> 01:01:52.320
<v Speaker 2>in America to the extent that the Tea Party maybe

880
01:01:52.559 --> 01:01:56.960
<v Speaker 2>was a little bit somewhat. That has those tea parties

881
01:01:56.960 --> 01:02:03.039
<v Speaker 2>of all renegged on those ideas and adopted statism of

882
01:02:03.079 --> 01:02:08.320
<v Speaker 2>one form or another. So yes, So what's left is

883
01:02:08.440 --> 01:02:10.880
<v Speaker 2>keep your hands off my medicare small I want smaller government,

884
01:02:10.880 --> 01:02:15.360
<v Speaker 2>but keep your hands off my medicare. Silvanas, thank you

885
01:02:15.400 --> 01:02:17.840
<v Speaker 2>coming in with fifty bucks. I appreciate it. Did you

886
01:02:17.840 --> 01:02:20.440
<v Speaker 2>see Ben Shapiro came out against tariffs? Is there any

887
01:02:20.480 --> 01:02:26.800
<v Speaker 2>hope Ben mitigates the tariff manness in the right. Yes,

888
01:02:27.000 --> 01:02:30.039
<v Speaker 2>I saw that Ben came out against taifs. Good for Ben, uh,

889
01:02:29.880 --> 01:02:33.000
<v Speaker 2>I hope he's waking up to the evil that is Trump,

890
01:02:33.719 --> 01:02:40.440
<v Speaker 2>and to how horror built Trump is. Can he mitigate

891
01:02:40.559 --> 01:02:44.039
<v Speaker 2>the madness in the right? I I doubt it. I

892
01:02:44.039 --> 01:02:48.719
<v Speaker 2>I looked at generally, there is a significant portion of

893
01:02:50.400 --> 01:02:54.800
<v Speaker 2>the right that is that is still somewhat economically literate,

894
01:02:55.119 --> 01:02:59.519
<v Speaker 2>that n understands that that understands that tariffs are wrong.

895
01:02:59.559 --> 01:03:03.760
<v Speaker 2>I think if everybody else is beyond educating, I think

896
01:03:03.800 --> 01:03:07.920
<v Speaker 2>they're mindless Trump zombies. And I think many of Ben's

897
01:03:08.039 --> 01:03:11.119
<v Speaker 2>audience is a mindless Trump zombie. And I think the

898
01:03:11.199 --> 01:03:13.360
<v Speaker 2>comments he is probably getting I haven't looked to see

899
01:03:13.360 --> 01:03:15.760
<v Speaker 2>what comments he gets, but the comments he's probably getting

900
01:03:15.800 --> 01:03:18.800
<v Speaker 2>is he doesn't understand afore d chest that Trump is playing,

901
01:03:19.119 --> 01:03:21.079
<v Speaker 2>which is the comments you get all the time. These

902
01:03:21.119 --> 01:03:24.199
<v Speaker 2>are the comments that are popular out there. I don't

903
01:03:24.239 --> 01:03:30.039
<v Speaker 2>know how Ben escapes that. But good for Ben for

904
01:03:30.119 --> 01:03:32.519
<v Speaker 2>coming out against the tariffs. I don't think he has

905
01:03:32.599 --> 01:03:36.800
<v Speaker 2>enough sway on the right to improve the right in

906
01:03:36.880 --> 01:03:40.440
<v Speaker 2>dramatic fashions, but it still is good to have some

907
01:03:40.559 --> 01:03:41.079
<v Speaker 2>voices on.

908
01:03:41.079 --> 01:03:41.639
<v Speaker 3>The right.

909
01:03:43.920 --> 01:03:47.440
<v Speaker 2>That get it, that see it, that are that are

910
01:03:47.480 --> 01:03:52.000
<v Speaker 2>you know, not necessarily the conventional voices that get economic

911
01:03:52.079 --> 01:03:54.920
<v Speaker 2>liberty on the right, but you know, Ben Shapiro's all

912
01:03:54.960 --> 01:03:57.920
<v Speaker 2>over the place. I guess it's good to see somebody

913
01:03:57.920 --> 01:04:02.440
<v Speaker 2>who supported Trump to some extent realize that this is really,

914
01:04:02.480 --> 01:04:06.199
<v Speaker 2>really bad now. Whether that he's willing to say that

915
01:04:06.280 --> 01:04:08.119
<v Speaker 2>it was a mistake to support Trump because of this,

916
01:04:08.559 --> 01:04:14.360
<v Speaker 2>I don't think he is, but it is good to

917
01:04:14.400 --> 01:04:17.639
<v Speaker 2>see that he's doing this, and I hope more voices

918
01:04:17.679 --> 01:04:23.280
<v Speaker 2>come out against the tafts. I mean, even who else

919
01:04:23.280 --> 01:04:27.719
<v Speaker 2>did I see? I think that a lot of people

920
01:04:29.119 --> 01:04:33.159
<v Speaker 2>who are beworlded by the at best by the tariffs,

921
01:04:35.159 --> 01:04:37.000
<v Speaker 2>but there also a lot of people just buy into

922
01:04:37.039 --> 01:04:39.599
<v Speaker 2>it and rationalize it and rationalize it and rationalize it

923
01:04:39.639 --> 01:04:49.000
<v Speaker 2>and rationalize it. Yeah. I mean, here's one, right, William Backman.

924
01:04:49.480 --> 01:04:51.840
<v Speaker 2>Trump is playing cards. He is the guy at the

925
01:04:51.840 --> 01:04:54.440
<v Speaker 2>blackjack table who scares out the players away so he

926
01:04:54.480 --> 01:04:55.840
<v Speaker 2>can go one on one with the dealer.

927
01:04:55.960 --> 01:04:57.039
<v Speaker 3>That's just not true.

928
01:04:57.280 --> 01:05:01.719
<v Speaker 2>Trump is the mafiosa boss who base is flexing his muscles,

929
01:05:02.880 --> 01:05:08.480
<v Speaker 2>willing to kill his own people in order to show

930
01:05:08.920 --> 01:05:13.159
<v Speaker 2>how tough he is and to scare everybody else into submission.

931
01:05:13.639 --> 01:05:17.320
<v Speaker 2>But he's acting like a pure mafia boss who is

932
01:05:17.360 --> 01:05:21.880
<v Speaker 2>willing to sacrifice anything in anybody for his own grandeur

933
01:05:21.920 --> 01:05:22.920
<v Speaker 2>and his own power.

934
01:05:25.000 --> 01:05:25.800
<v Speaker 3>But it's nothing.

935
01:05:25.920 --> 01:05:29.159
<v Speaker 2>I mean, to play blackjack, you have to think.

936
01:05:29.119 --> 01:05:31.239
<v Speaker 3>And and.

937
01:05:34.199 --> 01:05:38.039
<v Speaker 2>Who is the who is the dealer in this metaphor?

938
01:05:39.079 --> 01:05:47.280
<v Speaker 2>Who is he up against? Trump is a thoroughly destructive

939
01:05:47.280 --> 01:05:52.920
<v Speaker 2>force at this point. Yeah, Nrick says, Elon came out

940
01:05:52.920 --> 01:05:54.960
<v Speaker 2>against Tavis. Yeah, I mean, I think Elon gets it.

941
01:05:55.039 --> 01:05:58.239
<v Speaker 2>Elon's not an idiot. And again, you don't have to

942
01:05:58.280 --> 01:06:00.559
<v Speaker 2>be that smart, but you need. You know, anybody with

943
01:06:00.639 --> 01:06:03.320
<v Speaker 2>a basic knowledge of economics knows that tariffs don't make

944
01:06:03.360 --> 01:06:06.559
<v Speaker 2>any sense. You can rationalize them, you can pretend, you

945
01:06:06.599 --> 01:06:10.159
<v Speaker 2>can attribute to Trump all kinds of stuff. But the

946
01:06:10.280 --> 01:06:15.159
<v Speaker 2>reality is he's a moron. He is a thuggish moron.

947
01:06:15.800 --> 01:06:20.239
<v Speaker 2>He's not smart, he's not able. He doesn't understand, he

948
01:06:20.280 --> 01:06:27.039
<v Speaker 2>doesn't have any conception of the meaning and benefit of trade. Yeah,

949
01:06:27.079 --> 01:06:29.760
<v Speaker 2>he is a thuggish moron. He's a thug and a moron,

950
01:06:30.239 --> 01:06:38.639
<v Speaker 2>as most mafia bosses I think are well. I mean,

951
01:06:38.760 --> 01:06:41.400
<v Speaker 2>Mha says, if he's such a great mafia boss, why

952
01:06:41.480 --> 01:06:44.719
<v Speaker 2>isn't he the mafia boss? Because he's figured out, at

953
01:06:44.800 --> 01:06:47.599
<v Speaker 2>least late in life, that the ultimate of being a

954
01:06:47.639 --> 01:06:50.679
<v Speaker 2>mafia boss is to use these skills in politics. He

955
01:06:50.719 --> 01:06:53.280
<v Speaker 2>has a lot more power than any mafia boss. He

956
01:06:53.360 --> 01:06:56.159
<v Speaker 2>has the nuclear codes. Why would he be a mafia

957
01:06:56.159 --> 01:07:00.719
<v Speaker 2>boss if he has the nuclear codes? The mentality of

958
01:07:00.800 --> 01:07:05.719
<v Speaker 2>him off your past. Could the nationwide turn out Saturday

959
01:07:05.800 --> 01:07:09.079
<v Speaker 2>be less about hands off and more about frustration with

960
01:07:09.119 --> 01:07:12.239
<v Speaker 2>governor overreach? I think it's a combination. I think a

961
01:07:12.280 --> 01:07:14.639
<v Speaker 2>lot of different people are coming out. But at the

962
01:07:14.719 --> 01:07:17.079
<v Speaker 2>turnout wasn't that big? I don't think. I don't think

963
01:07:17.119 --> 01:07:23.519
<v Speaker 2>it's it's meaningfull. It's the country's still not pissed off

964
01:07:23.639 --> 01:07:27.039
<v Speaker 2>enough anywhere near enough to have a real impact and

965
01:07:27.360 --> 01:07:32.280
<v Speaker 2>and bring about real change. It's letting Trump get away

966
01:07:32.320 --> 01:07:39.599
<v Speaker 2>with way too much. Oh god, my mouse is behaving weirdly.

967
01:07:39.679 --> 01:07:46.039
<v Speaker 2>I'm not sure why. All right, I don't know what's

968
01:07:46.079 --> 01:08:01.000
<v Speaker 2>going on here. Computer stop? Huh yeah, not sure what's

969
01:08:01.000 --> 01:08:07.079
<v Speaker 2>going on. Once eirned, the mouse is basically not working.

970
01:08:11.119 --> 01:08:15.880
<v Speaker 2>Let's see. I think I need to close some windows.

971
01:08:28.319 --> 01:08:33.239
<v Speaker 2>By the way, you know the kiss of the Hamas

972
01:08:33.359 --> 01:08:40.000
<v Speaker 2>guy that uh was mentioned? Oh yeah, the guy who

973
01:08:41.319 --> 01:08:43.960
<v Speaker 2>did the kiss actually said he was forced to do

974
01:08:44.000 --> 01:08:47.119
<v Speaker 2>it by his captors. He had no choice, he wanted

975
01:08:47.159 --> 01:08:51.399
<v Speaker 2>to be released, he had to do the kiss. So

976
01:08:52.279 --> 01:08:54.319
<v Speaker 2>I don't know why you would attribute it to anything,

977
01:08:54.359 --> 01:08:59.399
<v Speaker 2>but something like that. Okay, not sure what's going on

978
01:08:59.439 --> 01:09:02.319
<v Speaker 2>with my computer, but something's weird's happening. But we'll keep

979
01:09:02.359 --> 01:09:05.720
<v Speaker 2>going as long as I can, as long as ah

980
01:09:06.000 --> 01:09:07.760
<v Speaker 2>it's like the mouse is fighting me.

981
01:09:11.079 --> 01:09:14.079
<v Speaker 3>Anybody know what this is about? All right?

982
01:09:14.640 --> 01:09:17.560
<v Speaker 2>Michael says, the American people are turning on Trump. This

983
01:09:17.640 --> 01:09:21.159
<v Speaker 2>is a very healthy sign. I hope, so, I hope.

984
01:09:21.199 --> 01:09:24.840
<v Speaker 2>So I'm just not seeing. I'm not convince the numbers

985
01:09:24.840 --> 01:09:25.800
<v Speaker 2>a day yet.

986
01:09:26.279 --> 01:09:26.800
<v Speaker 3>We'll see.

987
01:09:26.840 --> 01:09:29.439
<v Speaker 2>And if you know it, does it go beyond the

988
01:09:29.520 --> 01:09:33.760
<v Speaker 2>regular leftist people who would be against Trump anyway? Is

989
01:09:33.840 --> 01:09:38.239
<v Speaker 2>it broader than that? I hope so. But it's still

990
01:09:38.279 --> 01:09:41.600
<v Speaker 2>too early to say, Michael, we hate in others what

991
01:09:41.760 --> 01:09:47.640
<v Speaker 2>is missing in ourselves? I don't think that's true. I

992
01:09:47.640 --> 01:09:54.119
<v Speaker 2>don't think that's true. Yeah. I think why you hate

993
01:09:54.239 --> 01:09:58.319
<v Speaker 2>is completely a function of your own psychology and your

994
01:09:58.319 --> 01:10:03.800
<v Speaker 2>own ideas. So yeah, I don't buy that people haven't

995
01:10:03.800 --> 01:10:04.800
<v Speaker 2>got enough going on.

996
01:10:05.119 --> 01:10:06.680
<v Speaker 3>Envy is a distraction from.

997
01:10:06.560 --> 01:10:10.159
<v Speaker 2>Their own growth or lack of it.

998
01:10:11.880 --> 01:10:13.319
<v Speaker 3>No, envy is not a distraction.

999
01:10:13.520 --> 01:10:18.560
<v Speaker 2>Envy is a I think, driven by both particular psychology

1000
01:10:18.560 --> 01:10:22.840
<v Speaker 2>and a particular set of ideas built up presentment against

1001
01:10:23.399 --> 01:10:28.039
<v Speaker 2>achievement and success against the good and it's basically envy

1002
01:10:28.079 --> 01:10:34.000
<v Speaker 2>is an admission of one's own lack of goodness, when

1003
01:10:34.079 --> 01:10:42.560
<v Speaker 2>his own weakness, one's own failings. I don't think it's

1004
01:10:42.560 --> 01:10:48.119
<v Speaker 2>about not being busy enough. Okay, Michael, Are we really

1005
01:10:48.159 --> 01:10:50.520
<v Speaker 2>going to let Trump destroy the global economy to protect

1006
01:10:50.520 --> 01:10:53.840
<v Speaker 2>this fragile ego? Yeah, it looks like the American people

1007
01:10:53.840 --> 01:10:55.800
<v Speaker 2>are exactly going to do that. And it could be

1008
01:10:56.239 --> 01:10:58.800
<v Speaker 2>that the court stop it. That would be amazing if

1009
01:10:58.800 --> 01:11:01.319
<v Speaker 2>they do. But other than of course, I don't see

1010
01:11:01.319 --> 01:11:04.159
<v Speaker 2>who's going to stop him. Congress is not. You'd think

1011
01:11:04.279 --> 01:11:07.079
<v Speaker 2>Congress should stop him, but it does not look like

1012
01:11:07.119 --> 01:11:10.239
<v Speaker 2>Congress is willing to do their job. Republicans are too

1013
01:11:10.239 --> 01:11:13.439
<v Speaker 2>cowardly to actually do it. Democrats will do it because

1014
01:11:13.439 --> 01:11:16.359
<v Speaker 2>it's a Republican now, because they believe in anything. Republicans

1015
01:11:16.359 --> 01:11:18.920
<v Speaker 2>are just too cowardly to go up against them, which

1016
01:11:18.960 --> 01:11:29.920
<v Speaker 2>is pretty horrific, right, Neo. If you were the president

1017
01:11:29.960 --> 01:11:33.439
<v Speaker 2>of the Israel, how would you proceed with handling relations

1018
01:11:33.439 --> 01:11:41.199
<v Speaker 2>with the US? Well, I mean I would proceed with caution.

1019
01:11:43.039 --> 01:11:47.600
<v Speaker 2>I look, I don't know, you'd have to really think

1020
01:11:47.600 --> 01:11:52.359
<v Speaker 2>about it. I would basically say that I am going

1021
01:11:52.399 --> 01:11:54.039
<v Speaker 2>to do what, as they say, to defend the state

1022
01:11:54.079 --> 01:11:57.640
<v Speaker 2>of Israel, to state to do what my government. I

1023
01:11:57.680 --> 01:12:01.159
<v Speaker 2>would try to convince the Americans to go all in

1024
01:12:01.199 --> 01:12:04.920
<v Speaker 2>on Gaza. I try to convince the Americans. I would

1025
01:12:04.960 --> 01:12:08.640
<v Speaker 2>basically lower all tariffs to zero in Israel. I think

1026
01:12:08.680 --> 01:12:10.359
<v Speaker 2>that there's nothing that could boost the use of the

1027
01:12:10.439 --> 01:12:13.840
<v Speaker 2>Israel economy more than creating a basically a free trade

1028
01:12:13.880 --> 01:12:17.840
<v Speaker 2>island in Israel what Bexit should have been, you know. Basically,

1029
01:12:17.920 --> 01:12:22.119
<v Speaker 2>lower tariffs generally in Israel to zero would incredibly enhance

1030
01:12:22.159 --> 01:12:25.880
<v Speaker 2>the Israeli economy. I would deregulate on a massive scale,

1031
01:12:26.079 --> 01:12:29.640
<v Speaker 2>massive scale. I would just focus. If I were Prime

1032
01:12:29.640 --> 01:12:32.760
<v Speaker 2>Minister of Israel, I would focus on making Israel as

1033
01:12:32.800 --> 01:12:35.399
<v Speaker 2>strong as it could be, and then go to America

1034
01:12:35.439 --> 01:12:37.439
<v Speaker 2>and say, look, we need your support. We'd like you

1035
01:12:37.479 --> 01:12:39.840
<v Speaker 2>to support us, but this is what we're going to

1036
01:12:39.880 --> 01:12:42.640
<v Speaker 2>do because this is our lives are on the line.

1037
01:12:42.880 --> 01:12:45.880
<v Speaker 2>Please help us, and in particular, we need your help

1038
01:12:46.159 --> 01:12:49.960
<v Speaker 2>with you on. And I wouldn't I wouldn't grovel, I

1039
01:12:49.960 --> 01:12:53.479
<v Speaker 2>wouldn't try to get these tariffs reduced. I wouldn't make

1040
01:12:53.520 --> 01:12:56.119
<v Speaker 2>that a big deal, you know. I would just encourage

1041
01:12:56.359 --> 01:12:59.920
<v Speaker 2>I would try to convince other countries to buy Israeli good,

1042
01:13:00.079 --> 01:13:03.359
<v Speaker 2>but I would you don't want to destroy your relationship

1043
01:13:03.399 --> 01:13:05.760
<v Speaker 2>with the US as well. Has no replacement for that,

1044
01:13:06.520 --> 01:13:08.439
<v Speaker 2>and it needs to be able to buy weapons from

1045
01:13:08.439 --> 01:13:10.960
<v Speaker 2>the US, and it needs diplomatic cover that the US

1046
01:13:11.039 --> 01:13:14.439
<v Speaker 2>gives it. On the other hand, it can give up

1047
01:13:14.479 --> 01:13:18.840
<v Speaker 2>on its ultimate goals, which where the where the life

1048
01:13:19.079 --> 01:13:30.000
<v Speaker 2>of Israeli citizens depends on achieving. All right, let's see. Yeah, sorry, guys,

1049
01:13:30.600 --> 01:13:48.159
<v Speaker 2>I'm not sure what's going on here. Yeah, that's trying. Yeah,

1050
01:13:48.199 --> 01:13:49.479
<v Speaker 2>it's not helping. I'm not sure.

1051
01:13:52.039 --> 01:13:53.520
<v Speaker 3>Okay. As a Turk economy.

1052
01:13:53.600 --> 01:13:57.560
<v Speaker 2>This week, I've watched my portfolio sync below the principle,

1053
01:13:59.279 --> 01:14:04.600
<v Speaker 2>below the principle I have invested. It's an awful feeling.

1054
01:14:05.000 --> 01:14:08.039
<v Speaker 2>Hopefully the courts can thwart this maniac. Yeah, I hope

1055
01:14:08.039 --> 01:14:11.680
<v Speaker 2>so too. I hope so too. You know, for all

1056
01:14:11.720 --> 01:14:14.239
<v Speaker 2>of our sakes, for all of our portfolio sakes, let's

1057
01:14:14.239 --> 01:14:17.399
<v Speaker 2>hope that the courts so Congress, maybe we'll wake up

1058
01:14:17.479 --> 01:14:20.800
<v Speaker 2>and actually stop this guy.

1059
01:14:22.039 --> 01:14:23.039
<v Speaker 3>Esoteric dichotomy.

1060
01:14:23.239 --> 01:14:27.079
<v Speaker 2>Several older folks at my work are mostly Trumpsts, schewing

1061
01:14:27.159 --> 01:14:30.239
<v Speaker 2>the terrorist deportations, even though they affect our business.

1062
01:14:30.279 --> 01:14:32.359
<v Speaker 3>It's upsetting. Yeah.

1063
01:14:33.239 --> 01:14:37.560
<v Speaker 2>Yeah, it's so an American. It's so horrible to see

1064
01:14:37.720 --> 01:14:42.039
<v Speaker 2>Americans behaving this way. It's sad, really really really sad.

1065
01:14:43.359 --> 01:14:44.840
<v Speaker 3>Somebody says, check the battery with them us.

1066
01:14:44.840 --> 01:14:45.600
<v Speaker 2>It's not a battery.

1067
01:14:45.680 --> 01:14:47.279
<v Speaker 3>It's the built in.

1068
01:14:49.039 --> 01:14:52.640
<v Speaker 2>Trackpad on my laptop. And it's built in so it

1069
01:14:52.680 --> 01:15:03.039
<v Speaker 2>doesn't have a separate battery. Whoops, weird. Okay, Cam'm gonna

1070
01:15:03.079 --> 01:15:06.479
<v Speaker 2>just shut down because it's too hot. That's a new one.

1071
01:15:11.039 --> 01:15:14.880
<v Speaker 2>I'll try to turn it back on. Didn't run out

1072
01:15:14.880 --> 01:15:15.439
<v Speaker 2>of thatttery, it.

1073
01:15:15.399 --> 01:15:16.159
<v Speaker 3>Was just too hot.

1074
01:15:16.680 --> 01:15:22.560
<v Speaker 2>Go figure. All right, Well almost done, guys, And given

1075
01:15:22.560 --> 01:15:26.119
<v Speaker 2>all these technical problems for public time, and it's getting

1076
01:15:26.199 --> 01:15:30.399
<v Speaker 2>late here anyway, let's see what is What's amazing is

1077
01:15:30.399 --> 01:15:34.199
<v Speaker 2>how many people just don't care or actually think it's good,

1078
01:15:34.439 --> 01:15:36.720
<v Speaker 2>and so much wealth has been destroyed. Too much. Yes,

1079
01:15:36.800 --> 01:15:39.479
<v Speaker 2>I agree completely, it's the how many people don't care.

1080
01:15:41.319 --> 01:15:43.479
<v Speaker 2>What you need is the American people to be really

1081
01:15:43.479 --> 01:15:46.359
<v Speaker 2>really upset and really really pissed off. That's what you need,

1082
01:15:47.039 --> 01:15:49.920
<v Speaker 2>and that I don't see yet. It might still happen

1083
01:15:50.439 --> 01:15:54.439
<v Speaker 2>as the country potentially spirals into recessions, certainly into slowing

1084
01:15:54.439 --> 01:15:59.039
<v Speaker 2>economic growth. Then we'll see what Americans are willing to

1085
01:15:59.079 --> 01:16:03.560
<v Speaker 2>do or not do. How are they gonna make their

1086
01:16:03.640 --> 01:16:06.239
<v Speaker 2>voices heard? Huh the mouse is suddenly working fine?

1087
01:16:07.520 --> 01:16:07.880
<v Speaker 3>Alright?

1088
01:16:08.039 --> 01:16:12.920
<v Speaker 2>Uh, Gulag, can you help me understand trade deficits in

1089
01:16:13.000 --> 01:16:15.319
<v Speaker 2>your mind? Why do people find them to be such

1090
01:16:15.359 --> 01:16:19.640
<v Speaker 2>an issue? What is the impact of a large trade deficit? I?

1091
01:16:20.119 --> 01:16:22.119
<v Speaker 2>There is no impact of a large trade efficit. I

1092
01:16:22.159 --> 01:16:25.119
<v Speaker 2>mean the impact of a large trade deficit is a

1093
01:16:25.159 --> 01:16:28.840
<v Speaker 2>common account silplus. That is that more investment get made

1094
01:16:28.880 --> 01:16:31.760
<v Speaker 2>in your country than your country than people in your

1095
01:16:31.760 --> 01:16:35.319
<v Speaker 2>country make in other countries. That is, the dollars flow back.

1096
01:16:36.199 --> 01:16:39.800
<v Speaker 2>That that is what happens. That's the impact of a

1097
01:16:39.920 --> 01:16:42.479
<v Speaker 2>large trade deficit. There is no negative impact. There's no

1098
01:16:43.119 --> 01:16:47.359
<v Speaker 2>nothing bad, there's nothing wrong, there's nothing problematic, there's no impact.

1099
01:16:47.439 --> 01:16:50.439
<v Speaker 2>Some countries run trade surpluses, like Germany has a big

1100
01:16:50.479 --> 01:16:53.079
<v Speaker 2>trade surplus. That's not good.

1101
01:16:53.119 --> 01:16:54.399
<v Speaker 3>That's not bad. That just is.

1102
01:16:54.600 --> 01:16:57.640
<v Speaker 2>It's it's the way the particular economy is structured and

1103
01:16:57.680 --> 01:17:02.159
<v Speaker 2>it's relationship to other economies. So you can't learn a

1104
01:17:02.159 --> 01:17:07.000
<v Speaker 2>lot from trade surpluses or trade deficits. Generally, rich countries

1105
01:17:08.159 --> 01:17:11.039
<v Speaker 2>that have gone up the value chain, that are producing

1106
01:17:11.199 --> 01:17:16.600
<v Speaker 2>more higher value goods or services. In America's case, run

1107
01:17:16.680 --> 01:17:21.319
<v Speaker 2>trade deficits because people in other countries want to invest

1108
01:17:21.359 --> 01:17:24.800
<v Speaker 2>in those countries and therefore want dollars in One of

1109
01:17:24.840 --> 01:17:26.840
<v Speaker 2>the ways in which they get the dollars is by

1110
01:17:26.880 --> 01:17:29.680
<v Speaker 2>producing goods and selling into Americans. And they produce a

1111
01:17:29.680 --> 01:17:31.640
<v Speaker 2>lot of goods and sell a lot of them to Americans,

1112
01:17:32.079 --> 01:17:35.000
<v Speaker 2>and then the dollars flow back into America's investments, which

1113
01:17:35.039 --> 01:17:38.000
<v Speaker 2>is part of the reason why people are willing to

1114
01:17:38.039 --> 01:17:41.279
<v Speaker 2>invest in production to sell to America.

1115
01:17:41.960 --> 01:17:44.319
<v Speaker 3>So a trade deficit is simple.

1116
01:17:44.359 --> 01:17:46.199
<v Speaker 2>I go to the grocery store, I leave my dollars

1117
01:17:46.199 --> 01:17:48.720
<v Speaker 2>and take the groceries. I got a trade deficit with

1118
01:17:48.760 --> 01:17:52.560
<v Speaker 2>the grocery store. And as long as I'm productive and

1119
01:17:52.600 --> 01:17:55.079
<v Speaker 2>as long as the grocery store productive, that's a win

1120
01:17:55.119 --> 01:17:59.279
<v Speaker 2>win situation. I am productive somewhere else which allows me

1121
01:17:59.399 --> 01:18:01.359
<v Speaker 2>to make them money to be able to go to

1122
01:18:01.399 --> 01:18:04.439
<v Speaker 2>grocery store and buy stuff in the grocery store.

1123
01:18:05.760 --> 01:18:07.159
<v Speaker 3>As long as it runs.

1124
01:18:06.880 --> 01:18:10.960
<v Speaker 2>A profit on that trade, it's better off. So like

1125
01:18:11.079 --> 01:18:13.680
<v Speaker 2>your relationship with the grocery store and the relationship between

1126
01:18:14.640 --> 01:18:18.680
<v Speaker 2>in international trade, it is the same. It's healthy as

1127
01:18:18.720 --> 01:18:22.359
<v Speaker 2>long as both parties are better off from the trade,

1128
01:18:22.560 --> 01:18:26.079
<v Speaker 2>and as long as both parties are productive. If the

1129
01:18:26.159 --> 01:18:29.039
<v Speaker 2>United States just printed money and then went and bought

1130
01:18:29.119 --> 01:18:32.640
<v Speaker 2>that money, used their money to buy stuff from other countries,

1131
01:18:33.399 --> 01:18:36.680
<v Speaker 2>other countries wouldn't sell to America because they would say,

1132
01:18:36.680 --> 01:18:39.359
<v Speaker 2>wait a minute, you're just putting money like this, no tomorrow,

1133
01:18:39.920 --> 01:18:42.560
<v Speaker 2>and you're using that money that money is not worth anything.

1134
01:18:42.800 --> 01:18:45.520
<v Speaker 2>The value of the dollar would plummet. We don't want

1135
01:18:45.560 --> 01:18:48.640
<v Speaker 2>your dollars. We don't want to sell to you because

1136
01:18:48.680 --> 01:18:52.439
<v Speaker 2>the dollars are worthless. The very fact that people are

1137
01:18:52.479 --> 01:18:57.600
<v Speaker 2>willing to sell us goods means that they value the dollar,

1138
01:18:57.880 --> 01:19:01.479
<v Speaker 2>that they want dollars, willing to take dollars in exchange

1139
01:19:01.479 --> 01:19:02.079
<v Speaker 2>for their goods.

1140
01:19:02.880 --> 01:19:04.880
<v Speaker 3>It's a good sign. It's a positive.

1141
01:19:04.479 --> 01:19:14.399
<v Speaker 2>Sign, Yeah, Publius says, which is true.

1142
01:19:14.560 --> 01:19:18.880
<v Speaker 3>America had a trade s plus during the Great Depression. Yeah.

1143
01:19:19.399 --> 01:19:20.720
<v Speaker 3>Partially because of smooth Holly.

1144
01:19:21.079 --> 01:19:24.600
<v Speaker 2>The tariffs are from nineteen thirty, and partially because whoops,

1145
01:19:24.640 --> 01:19:27.479
<v Speaker 2>now it's gone back again to not working, And partially

1146
01:19:27.520 --> 01:19:33.279
<v Speaker 2>because when you're in a depression, nobody wants to invest

1147
01:19:33.319 --> 01:19:40.560
<v Speaker 2>in you, and therefore they don't want your Cuncy Michael says,

1148
01:19:40.600 --> 01:19:46.840
<v Speaker 2>modern psychology. Ah, there we go, No, got it worked

1149
01:19:46.880 --> 01:19:50.520
<v Speaker 2>a second ago? What did they do differently? Modern psychology

1150
01:19:50.600 --> 01:19:53.159
<v Speaker 2>seems to think the ego is there to protect you

1151
01:19:53.479 --> 01:19:57.359
<v Speaker 2>from shame and embarrassment, not to cultivate and produce pride

1152
01:19:57.359 --> 01:19:59.560
<v Speaker 2>and self esteem. Well, but it depends what you mean

1153
01:19:59.600 --> 01:20:00.000
<v Speaker 2>by bout it.

1154
01:20:00.039 --> 01:20:00.680
<v Speaker 3>Psychology.

1155
01:20:01.239 --> 01:20:04.399
<v Speaker 2>I don't think that's cognitive behavior therapy believes that, but

1156
01:20:04.479 --> 01:20:08.600
<v Speaker 2>it is kind of Freudian. That's very Freudian attitudes. So

1157
01:20:09.520 --> 01:20:13.680
<v Speaker 2>some modern psychology believe that. And I think these kind

1158
01:20:13.680 --> 01:20:17.159
<v Speaker 2>of views actually less popular in psychology today than they

1159
01:20:17.199 --> 01:20:21.119
<v Speaker 2>were maybe forty fifty years ago. Kind of these fortyan views.

1160
01:20:22.159 --> 01:20:25.000
<v Speaker 3>Robert, recipical tariffs.

1161
01:20:26.279 --> 01:20:30.560
<v Speaker 2>Reciprocal tariffs make as much economic and moral sense as

1162
01:20:30.600 --> 01:20:34.319
<v Speaker 2>a cypical slave labor. And that amount of sense is

1163
01:20:34.399 --> 01:20:38.199
<v Speaker 2>less than zero, yes, or recipical shooting of the knee,

1164
01:20:38.239 --> 01:20:42.439
<v Speaker 2>as I like to say. It doesn't make any sense.

1165
01:20:42.840 --> 01:20:49.640
<v Speaker 2>Nothing about this makes sense. Michael, looks like Musk had

1166
01:20:49.680 --> 01:20:53.760
<v Speaker 2>a melt down with Trump over these tariffs. I hope

1167
01:20:53.760 --> 01:20:56.439
<v Speaker 2>that's right. That would be good. I'll have to check

1168
01:20:56.479 --> 01:20:58.840
<v Speaker 2>that out. I haven't seen that again. I mean with

1169
01:20:59.000 --> 01:21:01.319
<v Speaker 2>family the last few days haven't really been following the

1170
01:21:01.399 --> 01:21:03.760
<v Speaker 2>news like I really usually do when I do these

1171
01:21:03.800 --> 01:21:06.760
<v Speaker 2>new shows. We'll get back to that routine once I

1172
01:21:06.800 --> 01:21:11.760
<v Speaker 2>get back home soon, very soon. Mh eight. Thank you

1173
01:21:11.920 --> 01:21:16.760
<v Speaker 2>a yell a yell yell oo. Thank you appreciate the sticker.

1174
01:21:18.800 --> 01:21:19.800
<v Speaker 3>You can still support the show.

1175
01:21:19.840 --> 01:21:25.239
<v Speaker 2>By the way, guys with stickers, We've got two last questions.

1176
01:21:25.279 --> 01:21:27.880
<v Speaker 2>So if you're going to do it, do it soon.

1177
01:21:29.439 --> 01:21:33.520
<v Speaker 2>All right, what's going on? This is so weird. I

1178
01:21:33.560 --> 01:21:35.119
<v Speaker 2>don't think I've ever had this happen to me on

1179
01:21:35.159 --> 01:21:43.359
<v Speaker 2>my laptop. All right, Michael. Michael says, I'm listening to

1180
01:21:43.439 --> 01:21:47.960
<v Speaker 2>Ronald Reagan's old speeches on tariffs and free trade. He

1181
01:21:48.079 --> 01:21:50.239
<v Speaker 2>was spot on. How far were you falling? Yes, I

1182
01:21:50.239 --> 01:21:55.760
<v Speaker 2>mean Reagan was amazing in a lot of his speeches.

1183
01:21:55.760 --> 01:21:58.159
<v Speaker 2>He gave really good speeches. It's his actions that weren't

1184
01:21:58.199 --> 01:22:00.680
<v Speaker 2>always that good. I mean, the reality is that Reagan

1185
01:22:00.720 --> 01:22:08.920
<v Speaker 2>imposed tariff's Reagan imposed you know, voluntary quotas on Japanese

1186
01:22:08.960 --> 01:22:12.600
<v Speaker 2>cause he didn't live up to his free trade rhetoric

1187
01:22:12.640 --> 01:22:14.319
<v Speaker 2>anymore than he lived up to any of his other

1188
01:22:14.359 --> 01:22:18.560
<v Speaker 2>free market rhetoric. Which is sad. But yes, we have

1189
01:22:18.640 --> 01:22:22.359
<v Speaker 2>come a long way, a long way from Reagan to Trump.

1190
01:22:22.920 --> 01:22:26.840
<v Speaker 2>How how low has the Republican Party sunk? It really

1191
01:22:26.920 --> 01:22:31.359
<v Speaker 2>is hard to believe. It's not the same political party anymore.

1192
01:22:31.479 --> 01:22:35.800
<v Speaker 2>It's a completely different political party. All right, Jack, thank

1193
01:22:35.800 --> 01:22:38.399
<v Speaker 2>you Ron. I appreciate the knowledge I gained from you,

1194
01:22:38.560 --> 01:22:41.800
<v Speaker 2>not just from here but your books also. Thank you, Jack,

1195
01:22:41.920 --> 01:22:48.520
<v Speaker 2>really appreciate that. And Jacob says Elon came out urging

1196
01:22:48.800 --> 01:22:51.800
<v Speaker 2>free trade, free movement of talent immigration between the.

1197
01:22:51.840 --> 01:22:53.079
<v Speaker 3>US and Europe.

1198
01:22:53.600 --> 01:22:58.199
<v Speaker 2>Trump, Elon Bronemance has a few months left to live.

1199
01:23:00.520 --> 01:23:04.479
<v Speaker 2>I saw rumors that Trump was that Elon Musk was

1200
01:23:04.560 --> 01:23:07.439
<v Speaker 2>leaving Doge. Who knows that could happen any day now.

1201
01:23:07.960 --> 01:23:08.600
<v Speaker 3>So yeah,