1 00:00:23,000 --> 00:00:26,440 Speaker 1: And Hello, how are you welcome to the Big Podcast 2 00:00:27,120 --> 00:00:31,800 on this Wednesday, today, the fourteenth day of January. You're 3 00:00:31,879 --> 00:00:36,439 of our Lord twenty twenty six. My name is Tom Sullivan, 4 00:00:36,640 --> 00:00:40,119 and we've got a lot of a lot of information 5 00:00:40,240 --> 00:00:45,240 today to update you with Greenland. What's going on there, 6 00:00:45,799 --> 00:00:48,359 It's no, it's not funny. I mean, there's some real 7 00:00:48,479 --> 00:00:53,719 serious talks going on credit cards, capping the interest rates 8 00:00:53,719 --> 00:00:58,200 on credit cards. But let's start with the real tense 9 00:00:58,240 --> 00:01:02,119 story of the day, that is about Iran. And we've 10 00:01:02,159 --> 00:01:06,400 been watching this build and we've been watching people having 11 00:01:06,400 --> 00:01:09,719 a hard time, but they're getting the information out to 12 00:01:09,799 --> 00:01:13,400 the world about the protests that are going on in 13 00:01:13,400 --> 00:01:15,799 the streets of at least Tehran and who knows where 14 00:01:15,799 --> 00:01:21,680 else within the country of Iran. So I've seen estimates 15 00:01:21,719 --> 00:01:26,400 of a couple thousand people have been massacred, that they're 16 00:01:26,439 --> 00:01:32,799 scheduled executions, there's hangings, all of that going on, and 17 00:01:34,120 --> 00:01:40,439 I number of people speculating about the real status over there, 18 00:01:40,480 --> 00:01:43,439 and the President has weighed in this afternoon. But let's 19 00:01:43,439 --> 00:01:46,040 start with a woman. Her name is Hally Degress. She 20 00:01:46,280 --> 00:01:50,159 has family there in Iran. She's been trying to communicate 21 00:01:50,200 --> 00:01:52,480 with them. This is what she had to say. 22 00:01:53,640 --> 00:01:58,719 Speaker 2: Well, as the viewers might know, since Thursday there was 23 00:01:58,760 --> 00:02:02,359 an internet shutdown, communications shutdown. We were unable to reach 24 00:02:02,359 --> 00:02:05,239 our families via phone line for days, and it was 25 00:02:05,280 --> 00:02:08,360 only yesterday did I received call from family in Tehran 26 00:02:08,479 --> 00:02:13,080 that were on static, which it was saying. They were 27 00:02:13,120 --> 00:02:15,400 saying that they were fine, but they weren't communicating much 28 00:02:15,439 --> 00:02:18,960 about the developments on the ground. But what we're receiving 29 00:02:19,039 --> 00:02:22,919 now from brave Iranians via Starlink via some of those 30 00:02:23,000 --> 00:02:26,960 calls is that what the scenes are horrific. There was 31 00:02:26,960 --> 00:02:33,639 a killing spree. The Tehran's largest cemetery, Beihesh Tazahra, is over. 32 00:02:33,879 --> 00:02:36,199 They're deciding that they're not even going to charge for 33 00:02:36,319 --> 00:02:38,560 the graves, that they're not even going to charge for 34 00:02:38,599 --> 00:02:42,280 the burial shrouds because of how costs, because of how 35 00:02:42,280 --> 00:02:44,439 many bodies have piled up. And I should note that 36 00:02:44,439 --> 00:02:48,199 there's credible documentation that there's over twelve thousand that have 37 00:02:48,280 --> 00:02:48,800 been killed. 38 00:02:49,039 --> 00:02:51,400 Speaker 1: Yeah, nobody really knows how many people have been killed, 39 00:02:51,400 --> 00:02:54,039 but the numbers are large. And yet this is an 40 00:02:54,120 --> 00:03:01,000 uprising that well, we've seen this movie before and nothing happens. 41 00:03:01,319 --> 00:03:05,360 We don't lift a finger to help, so is just 42 00:03:05,479 --> 00:03:06,599 really all that different. 43 00:03:07,960 --> 00:03:10,599 Speaker 2: What I was saying is that we've had cyclical anti 44 00:03:10,680 --> 00:03:14,159 regime protests for years now, and instead of heeding the 45 00:03:14,199 --> 00:03:18,000 calls to the Iranian people that they want no longer 46 00:03:18,039 --> 00:03:20,759 want this regime, we've decided we're always going to push 47 00:03:20,840 --> 00:03:24,759 for diplomacy and live with the status quo. And given 48 00:03:24,800 --> 00:03:27,639 the events in the post October seventh world, the maming 49 00:03:27,719 --> 00:03:30,120 of the proxies of the Islamic Republic, the fall of 50 00:03:30,159 --> 00:03:33,479 its top ally Bashar Alasad, the outcome of the Twelve 51 00:03:33,560 --> 00:03:36,319 Day War that has left its nuclear program in shambles, 52 00:03:36,520 --> 00:03:38,919 and of course the domestic events on the ground where 53 00:03:38,919 --> 00:03:43,080 Iranians are unable to feed their families and they're running 54 00:03:43,240 --> 00:03:45,199 out of water and tear on at some point, at 55 00:03:45,280 --> 00:03:49,240 least according to some reports, it's created a dynamic where 56 00:03:50,120 --> 00:03:52,400 it seems that it's on the path to regime collapse. 57 00:03:52,439 --> 00:03:54,759 And it's not just something I've said. We've had Iran 58 00:03:54,840 --> 00:03:58,360 expert carrying Sajat Poor and Jack Goldstone, an expert on 59 00:03:58,439 --> 00:04:02,240 revolutions and social upright and saying that for the first 60 00:04:02,280 --> 00:04:05,759 time in the Islamic Republic's forty seven year history, they've 61 00:04:05,840 --> 00:04:10,080 checked all five boxes for regime collapse this winter. 62 00:04:10,560 --> 00:04:13,439 Speaker 1: So this time they're reaching out to people of tran 63 00:04:13,639 --> 00:04:18,040 that are protesting, are reaching out specifically to President Trump 64 00:04:18,399 --> 00:04:19,680 to please help them. 65 00:04:21,319 --> 00:04:24,720 Speaker 2: It's hard to read exactly what the protesters want, given 66 00:04:24,759 --> 00:04:27,040 that we're unable to contact them, but I have to 67 00:04:27,079 --> 00:04:30,680 say that before the communications shut down, there were videos 68 00:04:31,079 --> 00:04:36,360 a protesters changing the signs that in Tehran, for example, 69 00:04:36,439 --> 00:04:39,879 to President Trump and making plea videos and asking for help. 70 00:04:39,920 --> 00:04:42,360 And I've seen at least one video of a protester 71 00:04:42,519 --> 00:04:45,319 that fled the country that's going viral and he's talking 72 00:04:45,360 --> 00:04:50,480 about the massacre that's happening under this dark internet shutdown, 73 00:04:50,639 --> 00:04:55,279 and it's asking for help. So you're hearing different messages 74 00:04:55,360 --> 00:04:57,639 right now. And I think there is an expectation once 75 00:04:57,680 --> 00:05:00,199 you start making those kind of comments. As president of 76 00:05:00,199 --> 00:05:03,079 the United States, I think there is an expectation, at 77 00:05:03,160 --> 00:05:05,079 least from Sammy Iranian said he is going to make 78 00:05:05,079 --> 00:05:06,480 good on that promise. 79 00:05:06,439 --> 00:05:10,600 Speaker 1: And the President has been very strong on his comments 80 00:05:10,959 --> 00:05:14,199 about keep the protest going, try to overthrow the regime. 81 00:05:14,600 --> 00:05:18,279 We are there for you. Help is on the way, 82 00:05:18,680 --> 00:05:22,920 So he's making promises. Michael Allen, former National Security Council 83 00:05:23,319 --> 00:05:27,000 senior official, weighs in with his thoughts. 84 00:05:26,759 --> 00:05:31,399 Speaker 3: Well, I agree with the sentiment express These are incredibly 85 00:05:31,519 --> 00:05:35,639 difficult massacres that are going on. The people of Iran 86 00:05:35,759 --> 00:05:39,759 are being struck down. The regime has its back against 87 00:05:39,839 --> 00:05:44,839 the wall, and I think they are really prosecuting everybody 88 00:05:45,040 --> 00:05:48,680 to the maximum. And I think this puts President Trump's 89 00:05:48,680 --> 00:05:52,399 pledges to do something front and center. I think what 90 00:05:52,399 --> 00:05:54,879 they're doing is trying to figure out what would be 91 00:05:55,199 --> 00:05:59,720 the target set. Would it be instruments of Iranian repression, 92 00:06:00,120 --> 00:06:04,480 like the police or the Islamic Revolutionary Guard Corps. These 93 00:06:04,519 --> 00:06:07,480 are just, in a word, the thugs of the regime. 94 00:06:07,680 --> 00:06:09,759 Who are the ones in the past who've been on 95 00:06:09,920 --> 00:06:15,639 motorcycles and now are you know, shooting people from the 96 00:06:15,680 --> 00:06:19,079 tops of buildings. So I think this is a crucial 97 00:06:19,240 --> 00:06:23,519 moment in this in this would be revolution, and I 98 00:06:23,560 --> 00:06:26,600 think the United States may need to get involved to 99 00:06:27,000 --> 00:06:31,040 put this to a tipping point. I think it's one 100 00:06:31,040 --> 00:06:33,759 of these things. When public, well they'll say no, we 101 00:06:34,000 --> 00:06:36,680 don't want you to, But in private, as long as 102 00:06:36,759 --> 00:06:39,639 it's going to be effective, I think they're for it. 103 00:06:40,079 --> 00:06:42,560 You know, no one is really friends with the Iranian 104 00:06:42,639 --> 00:06:48,160 regime so much anymore, especially in its decline. So you 105 00:06:48,199 --> 00:06:50,759 know what, I think that they would be happy to 106 00:06:50,839 --> 00:06:52,680 see it go. I think they just want it to 107 00:06:52,680 --> 00:06:55,920 be decisive, and I think that's what President Trump and 108 00:06:55,920 --> 00:06:58,519 the National Security Council are going through, how to make 109 00:06:58,600 --> 00:07:00,759 this an effective regime strike. 110 00:07:01,120 --> 00:07:06,079 Speaker 1: So you're ready for another hot spot in the world. 111 00:07:06,120 --> 00:07:09,680 We just took Maduro out of Venezuela, but that thing 112 00:07:09,759 --> 00:07:14,240 is still very unstable there. We've got the missile strikes 113 00:07:14,279 --> 00:07:19,000 against Syria. We've got the ISIS people in Syria. I 114 00:07:19,000 --> 00:07:22,720 should say, we go around the world to all these places, 115 00:07:22,759 --> 00:07:26,759 and now Iran is boiling up to a very hot spot. 116 00:07:27,199 --> 00:07:33,120 Admiral Stevritez, former NATO commander, says, this is how he 117 00:07:33,199 --> 00:07:33,639 sees it. 118 00:07:34,000 --> 00:07:38,879 Speaker 4: I'll give you three things. Number one, he could up 119 00:07:39,079 --> 00:07:43,199 the economic pressure on Iran. This really is the Achilles Heel. 120 00:07:43,319 --> 00:07:47,439 This is why these protests are rising. Yes they want freedom, 121 00:07:47,519 --> 00:07:50,319 yes they want to live their lives, but the economy 122 00:07:50,439 --> 00:07:54,079 is collapsing. We could put a lot more pressure on 123 00:07:54,120 --> 00:07:59,560 them by using secondary sanctions, meaning if you do business 124 00:07:59,759 --> 00:08:03,639 with Iran, we will sanction you or put new tariffs 125 00:08:03,680 --> 00:08:09,800 on particularly China for example. So economic number two informational, 126 00:08:10,839 --> 00:08:14,759 figure out how to get the voices of the protesters 127 00:08:15,120 --> 00:08:19,639 out into the world. This is happening very imperfectly, but 128 00:08:20,360 --> 00:08:26,720 using starlink, using air dropped means that allow direct communication. 129 00:08:27,279 --> 00:08:30,199 Get into the information war with the idea of getting 130 00:08:30,199 --> 00:08:34,320 the protester stories. And I think it is not a 131 00:08:34,440 --> 00:08:38,360 thousand or two thousand, I would guess somewhere between five 132 00:08:38,440 --> 00:08:42,440 and ten thousand have been killed already. Get that story 133 00:08:42,480 --> 00:08:46,840 out there. That's important. And then number three and most directly, 134 00:08:47,399 --> 00:08:51,480 military strikes. And here you don't have to carpet bomb 135 00:08:51,519 --> 00:08:55,759 the entire country. You could conduct very precise strikes, going 136 00:08:55,840 --> 00:08:59,720 after leadership targets I would say, up to and in 137 00:09:00,039 --> 00:09:05,879 looting the Ayatola, but also leading members of the Revolutionary Guards, 138 00:09:06,240 --> 00:09:10,159 and take it even down to the street level. Go 139 00:09:10,240 --> 00:09:14,799 after the police stations, go after the individuals who are 140 00:09:14,840 --> 00:09:19,679 conducting these crackdowns. All of that, those are three key things. 141 00:09:20,120 --> 00:09:24,360 And final thought, cyber. You can use cyber to go 142 00:09:24,480 --> 00:09:29,919 in and really put additional economic pressure dismantle the ability 143 00:09:30,000 --> 00:09:33,799 of the regime to go after these protesters using cyber. 144 00:09:33,919 --> 00:09:35,720 So the president has plenty of tools. 145 00:09:35,879 --> 00:09:38,879 Speaker 1: So the options he laid out pretty carefully. But the 146 00:09:39,000 --> 00:09:41,519 question is how fast can all this happen? I mean, 147 00:09:41,600 --> 00:09:44,600 they are literally killing people every single day. They have 148 00:09:44,720 --> 00:09:48,600 hanging scheduled in the town squares every single day. How 149 00:09:48,639 --> 00:09:52,519 fast can we operate if we want to try to 150 00:09:52,559 --> 00:09:54,600 do regime change in Iran? 151 00:09:55,200 --> 00:09:58,440 Speaker 4: I think almost immediately. And this is why the President 152 00:09:58,519 --> 00:10:01,840 evidently in the last day or so, has received a 153 00:10:01,879 --> 00:10:05,440 briefing on all the options available to him. His decision 154 00:10:05,519 --> 00:10:09,200 stace is closing, and frankly, as we all know, the 155 00:10:09,240 --> 00:10:15,799 Iranians have a habit of very publicly hanging these protesters 156 00:10:16,120 --> 00:10:20,480 literally by the neck from Gurney's in town squares. If 157 00:10:20,480 --> 00:10:22,840 they were to move to that, I think the President 158 00:10:23,320 --> 00:10:27,440 would have to respond immediately in order to maintain credibility. 159 00:10:27,519 --> 00:10:29,480 My guess is we are going to do so in 160 00:10:29,519 --> 00:10:32,759 some way, probably in the next two to three days, 161 00:10:32,840 --> 00:10:37,399 in less Iranian behavior suddenly changes, which seems unlikely. 162 00:10:38,000 --> 00:10:43,279 Speaker 1: I'm afraid the Admiral's right. I mean, this is promises 163 00:10:43,399 --> 00:10:47,799 made by the President that we keep protesting. Help is 164 00:10:47,840 --> 00:10:51,759 on the way, and well, what is he going to do? 165 00:10:51,840 --> 00:10:54,879 And he's got all the options handed to him. Brett 166 00:10:54,960 --> 00:11:01,000 Velosovich he's a former Army Special Operations soldier. Lees looking 167 00:11:01,039 --> 00:11:01,759 at it from. 168 00:11:01,639 --> 00:11:04,919 Speaker 5: Special Ops right, well, I mean, let me just say, 169 00:11:04,960 --> 00:11:09,639 the numbers coming out of Iran are staggering. They're morally heartbreaking. 170 00:11:09,720 --> 00:11:12,440 I mean the scale which protesters are dying. If even 171 00:11:12,440 --> 00:11:15,159 a fraction of the reported twelve thousand killed is accurate, 172 00:11:15,360 --> 00:11:18,679 this is no longer a protest crackdown. This is a massacre. 173 00:11:18,960 --> 00:11:21,759 This is a mass slaughter carried out by a regime 174 00:11:21,799 --> 00:11:24,480 that is completely forfeited any claim to legitimacy. This is 175 00:11:25,159 --> 00:11:28,879 Tianeman Square on steroids, and it's happening in real time, 176 00:11:29,000 --> 00:11:31,919 and our soldiers in the region will be affected by 177 00:11:31,960 --> 00:11:33,879 this in the long run. I mean right now, though, 178 00:11:33,919 --> 00:11:37,360 the Iranian people to deserve our support more than ever. 179 00:11:37,399 --> 00:11:40,960 When a government has to beat, jail, murder, silence its 180 00:11:40,960 --> 00:11:43,279 own citizens just to stay in power, it's already lost 181 00:11:43,320 --> 00:11:45,720 its legitimacy. There's no going back at this point. But 182 00:11:45,799 --> 00:11:49,039 here's the key point. The Iranian people aren't chanting death 183 00:11:49,080 --> 00:11:52,720 to America. They chanting against their own rulers. They're telling 184 00:11:52,759 --> 00:11:55,639 the world they want freedom, not clerics with guns, and 185 00:11:55,679 --> 00:11:58,440 that matters. And even when kids are willing to face 186 00:11:58,519 --> 00:12:01,559 bullets for freedom. Your line is clear. We need to 187 00:12:01,600 --> 00:12:03,879 help them. The United States the beacon of freedom in 188 00:12:03,919 --> 00:12:06,919 the world. We should never sit back and be neutral 189 00:12:06,960 --> 00:12:10,480 between a totalitarian regime and civilians who are being executed 190 00:12:10,480 --> 00:12:12,480 in a mass for demanding basic rights. We can't be 191 00:12:12,600 --> 00:12:16,360 silent in these moments, pretend it's or strength. I simply 192 00:12:16,440 --> 00:12:19,000 not doing anything right now is like being complicit. 193 00:12:19,080 --> 00:12:21,159 Speaker 1: So we need to ratchet up this pressure. 194 00:12:21,320 --> 00:12:23,080 Speaker 5: We need to help them before it's too late, because 195 00:12:23,159 --> 00:12:26,320 history tells us moments like this don't last forever. And frankly, 196 00:12:26,320 --> 00:12:30,159 we're the administration does here. The approach matters. We need 197 00:12:30,200 --> 00:12:32,480 to put pressure. He needs to be applied where accounts. 198 00:12:32,519 --> 00:12:36,159 Trump has real strength in this region. He's highly respected 199 00:12:36,159 --> 00:12:39,200 out there where past presidents weren't, and we need to 200 00:12:39,240 --> 00:12:41,559 send a warning that we are with these protesters and 201 00:12:41,559 --> 00:12:42,960 help them in any way that we can. 202 00:12:43,519 --> 00:12:46,679 Speaker 1: So I like this afternoon, President had a meeting in 203 00:12:46,720 --> 00:12:48,879 the Oval Office. They had a number of topics there 204 00:12:48,919 --> 00:12:50,840 and he opened it up to the media and they 205 00:12:50,840 --> 00:12:52,559 were asking him about what are you going to do? 206 00:12:53,279 --> 00:12:55,639 What are you going to do about Iran? And here's 207 00:12:55,679 --> 00:12:56,840 what the President had. 208 00:12:56,639 --> 00:13:00,399 Speaker 6: To say, Mister President Luran, you said that the killing stop. 209 00:13:00,480 --> 00:13:03,080 Who told you that the killer We have. 210 00:13:03,120 --> 00:13:06,279 Speaker 7: Been we have been informed by very important sources on 211 00:13:06,360 --> 00:13:08,600 the other side, and they've said they're killing the stuff 212 00:13:08,720 --> 00:13:11,519 and the executions won't take place. There was supposed to 213 00:13:11,600 --> 00:13:14,799 be a lot of executions today and that the executions 214 00:13:14,840 --> 00:13:17,279 won't take place. And we're going to find out. I mean, 215 00:13:17,320 --> 00:13:20,720 I'll find out after this. You'll find out. But we've 216 00:13:20,759 --> 00:13:24,120 been told on good authority, and I hope it's true. 217 00:13:24,639 --> 00:13:25,200 Who knows? 218 00:13:25,519 --> 00:13:27,279 Speaker 4: Who knows? 219 00:13:27,360 --> 00:13:28,279 Speaker 6: So how do you try to know? 220 00:13:28,639 --> 00:13:32,000 Speaker 7: You've seen that over the last few days and they 221 00:13:32,000 --> 00:13:33,960 said people were shooting at them with guns and they 222 00:13:33,960 --> 00:13:36,679 were shooting back, and you know, it's one of those things. 223 00:13:36,720 --> 00:13:40,320 But uh, they told me that there will be no executions, 224 00:13:41,039 --> 00:13:42,120 and so I hope that's true. 225 00:13:42,200 --> 00:13:45,519 Speaker 8: Does this mean military action is now off the table 226 00:13:45,600 --> 00:13:46,279 against Iran. 227 00:13:46,320 --> 00:13:48,000 Speaker 7: No, We're going to watch it and see what the 228 00:13:48,039 --> 00:13:51,399 process is. But we were given a very good, very 229 00:13:51,440 --> 00:13:55,919 good statement by people that are aware of what's going 230 00:13:56,039 --> 00:14:00,480 on considering military actions. They say no executions. Everyone was 231 00:14:00,480 --> 00:14:03,320 talking about a lot of executions were taking place today. 232 00:14:03,600 --> 00:14:05,879 We were just tell no executions. I hope that's true. 233 00:14:05,960 --> 00:14:06,879 That's a big thing has. 234 00:14:06,840 --> 00:14:10,919 Speaker 1: Been Yeah, I hope it's true. Too. Interesting the way 235 00:14:10,960 --> 00:14:13,919 he answered that question. He says, well, we've been told 236 00:14:13,919 --> 00:14:18,519 by people that the executions have stopped and the shooting 237 00:14:18,559 --> 00:14:25,440 has stopped, and we hope so. Or it was with 238 00:14:25,519 --> 00:14:29,080 the question mark and you know that the president, you 239 00:14:29,159 --> 00:14:32,080 know that the White House has back channels. They're talking 240 00:14:32,480 --> 00:14:37,159 to the Iranian leaders. People are in back channel conversations, 241 00:14:37,720 --> 00:14:44,159 so maybe the Iranians have actually stopped. But he also 242 00:14:44,200 --> 00:14:47,960 said we'll find out and then we'll see. So this 243 00:14:48,679 --> 00:14:51,720 isn't put to bed yet by a long stretch. Another 244 00:14:52,120 --> 00:14:55,039 foreign policy story that hasn't been put to bed is 245 00:14:55,200 --> 00:15:01,519 Greenland and the foreign minister is his name, Lars Rasmussen, 246 00:15:01,759 --> 00:15:07,759 the Danish Foreign Minister, and Vivian Mottsfeld, who is the 247 00:15:07,799 --> 00:15:10,960 foreign affairs minister for Greenland. We're both at the White 248 00:15:11,000 --> 00:15:15,840 House today. They met with Jade Evans, the Vice President, 249 00:15:15,919 --> 00:15:21,080 and with Marco Rubio, the Secretary of State, and afterward 250 00:15:21,200 --> 00:15:23,519 they came out and had this to say. 251 00:15:24,080 --> 00:15:26,960 Speaker 9: Our in was to find a joint way forward to 252 00:15:27,080 --> 00:15:31,919 increase Arctic security. What can the Kingdom of Denmark do more? 253 00:15:33,039 --> 00:15:35,960 What can us do more? What can nature do more? 254 00:15:37,679 --> 00:15:41,679 The Kingdom of Denmark has already stepped up our own 255 00:15:41,840 --> 00:15:49,679 contribution by commissing additional fund from military capabilities, not dog slates, 256 00:15:49,879 --> 00:15:53,799 but ships, drones, fighter jets, et cetera, and we are 257 00:15:53,840 --> 00:15:59,879 definitely ready to do more. The US has already why 258 00:16:00,200 --> 00:16:06,240 military access to Greenland under the ninety fifty one Defense Agreement. 259 00:16:06,759 --> 00:16:12,600 The US can always ask for increasing its presence in Greenland, 260 00:16:13,320 --> 00:16:16,000 and therefore we wish to hear if the US had 261 00:16:16,039 --> 00:16:19,720 any further request to make in this aspect, we would 262 00:16:19,759 --> 00:16:26,440 examine any such request constructibly. Greenland is, through the Kingdom 263 00:16:26,440 --> 00:16:30,080 of Denmark, a member of NATAL, and has been that 264 00:16:30,320 --> 00:16:34,559 since the very founding of NATAL in forty nine, and 265 00:16:34,720 --> 00:16:39,320 is therefore also covered by Article five. We have been 266 00:16:39,360 --> 00:16:42,799 pushing for quite a while in NATAL for a stronger 267 00:16:43,159 --> 00:16:46,480 collective role in Greenland, together with a number of allies, 268 00:16:47,120 --> 00:16:50,679 and we are eager to work with the US on 269 00:16:50,879 --> 00:16:56,480 advancing this agenda, and we are prepared to go further. Therefore, 270 00:16:56,720 --> 00:16:59,559 our aim was to find a common understanding on all 271 00:16:59,679 --> 00:17:04,480 these points and to launch, if possible, further in debt 272 00:17:04,519 --> 00:17:09,160 work to deliver on them. On this basis, we had 273 00:17:09,359 --> 00:17:13,039 what I will describe as a frank but also constructive discussion. 274 00:17:13,839 --> 00:17:16,799 The discussions focused on how to insure the long term 275 00:17:16,839 --> 00:17:21,839 security in Greenland, and here our perspectives continue to defer. 276 00:17:22,119 --> 00:17:26,440 I must say the President has made his view clear 277 00:17:27,400 --> 00:17:32,279 and we have a different position. The Kingdom of Denmark 278 00:17:32,279 --> 00:17:36,640 continue to believe that also the long term security of 279 00:17:36,920 --> 00:17:41,359 Greenland can be insured inside the current framework the nineteen 280 00:17:41,440 --> 00:17:44,960 fifty one Agreement on the Defense of Greenland as well 281 00:17:45,400 --> 00:17:49,920 as the Nature Treaty for US. Ideas that would not 282 00:17:50,000 --> 00:17:54,720 respect territorial integrity of the Kingdom of Denmark and the 283 00:17:54,799 --> 00:17:58,640 right of self determination of the Greenlandic people are of 284 00:17:58,720 --> 00:18:05,440 course totally unacceptable and we therefore still have a fundamental disagreement. 285 00:18:05,599 --> 00:18:09,200 But we also agreed to disagree and therefore we will, 286 00:18:09,200 --> 00:18:13,720 however continue to talk. We have decided to form a 287 00:18:14,000 --> 00:18:17,640 high level working group to explore if we can find 288 00:18:17,640 --> 00:18:21,079 a common way forward. The group, in our you should 289 00:18:21,119 --> 00:18:24,960 focus on how to address the American security concerns while 290 00:18:25,000 --> 00:18:28,000 at the same time respecting the red lines of the 291 00:18:28,039 --> 00:18:32,920 Kingdom of Denmark. We expect that such a group will 292 00:18:32,960 --> 00:18:37,000 meet for the first time within a matter of weeks, 293 00:18:37,119 --> 00:18:39,160 and then I will pass the floor to my colleague 294 00:18:39,200 --> 00:18:41,240 from Greenland biban mostart well. 295 00:18:41,279 --> 00:18:44,960 Speaker 1: In other words, the mini didn't go well. They have 296 00:18:45,039 --> 00:18:50,039 a disagreement, and so therefore they're going to have a 297 00:18:50,079 --> 00:18:53,920 working group to work on this. And I don't I 298 00:18:53,960 --> 00:18:58,680 can't see President Trump, he becomes very impatient on things 299 00:18:58,799 --> 00:19:02,440 like this. To see him sitting around watching a group 300 00:19:02,480 --> 00:19:09,880 of diplomats having working talking sessions. Andrews Vistagan he's a 301 00:19:09,960 --> 00:19:16,799 member of the European Union Parliament and that's essentially mostly 302 00:19:16,799 --> 00:19:19,799 a bunch of far left people, and he weighed in 303 00:19:20,279 --> 00:19:23,680 on how Europe is looking at this move by the 304 00:19:23,799 --> 00:19:24,799 United States. 305 00:19:25,039 --> 00:19:28,359 Speaker 8: It's frankly quite hard to see how the president can 306 00:19:28,400 --> 00:19:32,079 be so misguided and frankly not very informed about the situation. 307 00:19:32,240 --> 00:19:35,319 Greenland already is a member of NATO, and USA have 308 00:19:35,400 --> 00:19:38,359 gone from having fifteen thousand troops stationed there to only 309 00:19:38,400 --> 00:19:41,160 one hundred and fifty at the moment. That's a US 310 00:19:41,279 --> 00:19:43,960 un alesteral decision not to be there. So it was 311 00:19:44,079 --> 00:19:46,240 important for the security of the US. Why have they 312 00:19:46,240 --> 00:19:49,200 were drawn? The fact of the matter is that the 313 00:19:49,279 --> 00:19:52,119 President is very offensive towards the Kingdom of Denmark and 314 00:19:52,160 --> 00:19:55,839 towards his European allies, and the Kingdom and that is 315 00:19:55,839 --> 00:20:00,000 a big problem and that fundamentally challenged the status with Nature, 316 00:20:00,359 --> 00:20:04,160 NATO and our defensive alliance. I don't think he really 317 00:20:04,160 --> 00:20:06,440 wants to use military force, but I think it is 318 00:20:06,440 --> 00:20:09,119 a clear mistake by the Damies and Greenland government to 319 00:20:09,200 --> 00:20:12,960 go to Washington to a meeting when they're threatened with 320 00:20:13,079 --> 00:20:16,680 this thread of military invasion. I think, quite frankly that 321 00:20:16,680 --> 00:20:18,880 they should stay away until the time whether the US 322 00:20:18,920 --> 00:20:22,279 administration makes it clear, let theren't be no military intervention. 323 00:20:22,720 --> 00:20:24,720 And I think then much should consider to go even 324 00:20:24,759 --> 00:20:28,240 further and close down the US consulate in Nuke and 325 00:20:28,359 --> 00:20:32,079 think about how the US embassy in Copenhagen can be 326 00:20:32,200 --> 00:20:35,160 adjusted accordingly to this thread coming from the US administration. 327 00:20:36,000 --> 00:20:37,799 Speaker 1: Well, he does make an interesting point. There is this 328 00:20:37,880 --> 00:20:41,359 nineteen fifty one agreement that was signed when Harry Truman 329 00:20:41,440 --> 00:20:45,000 was president, and it allows the United States to have 330 00:20:45,960 --> 00:20:51,480 basically unlimited military operations in the country of Greenland, and 331 00:20:51,599 --> 00:20:54,000 the president wants to make sure that Greenland is not 332 00:20:54,319 --> 00:20:58,400 taken over by Russia or China. He says, it's strategically 333 00:20:58,519 --> 00:21:02,039 very important. They've gotten minerals, but that's another part of 334 00:21:02,079 --> 00:21:07,119 the story. But what's wrong with using the nineteen fifty 335 00:21:07,119 --> 00:21:10,000 one agreement and just going ahead and putting more US 336 00:21:10,079 --> 00:21:14,039 military there if that's what we want. Well, the President 337 00:21:14,720 --> 00:21:19,519 explained his positions yesterday. Greenland said today, we prefer to 338 00:21:19,599 --> 00:21:20,759 stay with Denmark. 339 00:21:20,960 --> 00:21:22,880 Speaker 10: Do you see that as the first show that the 340 00:21:22,880 --> 00:21:29,759 premiere of Greenland, Well, that's their problem, that's their problem. 341 00:21:29,799 --> 00:21:30,799 Speaker 1: I disagree with him. 342 00:21:30,839 --> 00:21:33,519 Speaker 7: I don't know who he is, don't know anything about him, 343 00:21:34,119 --> 00:21:36,279 but that's going to be a big problem for him. 344 00:21:37,000 --> 00:21:39,839 Speaker 1: And the president further comments today when the Oval Office 345 00:21:39,880 --> 00:21:43,480 reporters were hitting him with questions, one was about Greenland, but. 346 00:21:43,559 --> 00:21:46,960 Speaker 6: It was a very respectful meeting. Are those limits going 347 00:21:47,000 --> 00:21:47,880 to be disfected? 348 00:21:48,960 --> 00:21:51,160 Speaker 7: Well, we're going to see what happens with Greenland. We 349 00:21:51,200 --> 00:21:53,559 need Greenland for national security, so we're going to see 350 00:21:53,599 --> 00:21:56,079 what happens. They're going to brief me on the meeting 351 00:21:56,119 --> 00:21:59,319 right after this conference. Take this sooner, I get you 352 00:21:59,359 --> 00:22:01,799 out the fashion. I'm going to know exactly what happened. 353 00:22:01,839 --> 00:22:04,599 But we have a very good relationship with Denmark, as 354 00:22:04,599 --> 00:22:07,160 you know. We'll see. But you know, we're doing the 355 00:22:07,200 --> 00:22:09,240 Golden Dome, We're doing a lot of things, and we 356 00:22:09,319 --> 00:22:12,519 really need it. If we don't go in. Russia's going 357 00:22:12,599 --> 00:22:14,079 to go in, and Channel is going to go in, 358 00:22:14,839 --> 00:22:17,400 and there's not a thing that Denmark can do about it, 359 00:22:17,440 --> 00:22:21,200 but we can do everything about it. Well, we're going 360 00:22:21,240 --> 00:22:23,160 to see I mean, look, we're going to see what happens. 361 00:22:23,839 --> 00:22:24,480 Speaker 1: But we need it. 362 00:22:24,599 --> 00:22:26,480 Speaker 7: You know, I'm not the first one. This was talked 363 00:22:26,519 --> 00:22:31,119 about by President Truman in forty years before President Truman, 364 00:22:31,160 --> 00:22:33,160 they were talking about it. They've been talking about this 365 00:22:33,160 --> 00:22:36,079 for one hundred years. This is not anything so new. 366 00:22:36,119 --> 00:22:38,119 A lot of people don't realize that. But this was 367 00:22:38,559 --> 00:22:41,559 a hot subject. Probably not as odd as it is now, 368 00:22:41,680 --> 00:22:43,240 but it was a hot subject for a long time. 369 00:22:43,240 --> 00:22:46,319 We needed for nancial security and that includes for Europe. 370 00:22:47,119 --> 00:22:51,240 And I spoke with a hero, Mark, the head of NATO, 371 00:22:51,920 --> 00:22:54,119 and he really wants to see something happen. 372 00:22:55,960 --> 00:22:59,039 Speaker 6: Now, it sounds like you were saying that you would 373 00:22:59,440 --> 00:23:04,720 potential acquire Greenland by force. That would be a NATO country. 374 00:23:04,799 --> 00:23:05,960 Are you saying that? 375 00:23:06,400 --> 00:23:08,119 Speaker 1: You know you're saying that, would you? 376 00:23:08,240 --> 00:23:10,960 Speaker 7: I don't say. Now you're telling me that that's what 377 00:23:11,000 --> 00:23:11,440 I'm going to do. 378 00:23:11,839 --> 00:23:12,559 Speaker 1: You don't know what. 379 00:23:12,440 --> 00:23:13,039 Speaker 7: I'm going to do. 380 00:23:13,799 --> 00:23:14,680 Speaker 6: So where are the options? 381 00:23:14,720 --> 00:23:17,640 Speaker 1: Your network doesn't know A Danish. 382 00:23:17,440 --> 00:23:20,799 Speaker 6: Foreign Minister Senate, there's still fundamental differences. After being meeting 383 00:23:20,839 --> 00:23:23,640 with Mumbio and with the Vice President. Are you even 384 00:23:23,720 --> 00:23:28,079 willing to leave the NATO Alliance in order to get 385 00:23:28,079 --> 00:23:30,640 what you want, which Greenland? What are the options really? 386 00:23:30,640 --> 00:23:32,400 Speaker 7: I wouldn't be telling you what I'm willing to do, 387 00:23:32,480 --> 00:23:34,440 Sir William. I'm going to give up options. But it's 388 00:23:34,480 --> 00:23:37,200 very important. Greenland is very important for the national security, 389 00:23:37,200 --> 00:23:40,480 including of Denmark. And the problem is it's not a 390 00:23:40,559 --> 00:23:42,920 thing that Denmark can do about it if Russia or 391 00:23:43,000 --> 00:23:46,160 China wants to occupy Greenland. But there's everything we can do. 392 00:23:46,279 --> 00:23:50,160 You found that out last week with Venezuela. There's everything 393 00:23:50,200 --> 00:23:52,960 we can do about things such as that's not going 394 00:23:53,039 --> 00:23:56,160 to happen. We're not, you know, I can't rely on 395 00:23:56,240 --> 00:23:59,240 Denmark being able to find themselves off, you know. And 396 00:23:59,279 --> 00:24:01,359 they were talking about they put an extra dog and 397 00:24:01,400 --> 00:24:03,440 they were serious about this. They put an extra dog 398 00:24:03,519 --> 00:24:08,359 sled there. Last month they entered a second dog sled. 399 00:24:08,400 --> 00:24:09,480 That's not going to do the trick. 400 00:24:09,599 --> 00:24:13,559 Speaker 6: General fought alongside the United States and the sad gellery 401 00:24:13,599 --> 00:24:15,079 that I appreciate it. 402 00:24:15,440 --> 00:24:17,720 Speaker 7: I have a very good relationship with Denmark and we'll 403 00:24:17,720 --> 00:24:20,039 see how it all works out. I think something will 404 00:24:20,079 --> 00:24:20,400 work out. 405 00:24:20,480 --> 00:24:25,960 Speaker 1: Yeah, so it continues. I guess we have to wait 406 00:24:26,000 --> 00:24:29,680 for the for the working groups to have meetings. But 407 00:24:29,799 --> 00:24:32,119 I don't think the President wants to sit around and 408 00:24:32,160 --> 00:24:37,119 wait on all of that credit card interest This is 409 00:24:37,680 --> 00:24:40,039 I thought it was a little bit of a farce. 410 00:24:40,160 --> 00:24:43,839 It was say something that makes people feel good. It's 411 00:24:43,960 --> 00:24:47,200 very populous to tap interest rates on credit cards, but 412 00:24:47,240 --> 00:24:50,160 it will do a lot of damage to people who 413 00:24:50,200 --> 00:24:53,880 don't have good credit. I will back this up with 414 00:24:54,039 --> 00:24:57,200 a couple of different bites, and one is Elizabeth Warren. 415 00:24:57,519 --> 00:25:02,079 She was out giving a speech I'm not sure for 416 00:25:02,119 --> 00:25:04,559 the last night or the night before, and you know, 417 00:25:04,680 --> 00:25:07,319 she ripped Donald Trump up one side and down the other. 418 00:25:07,839 --> 00:25:12,880 And then she President Trump called her after her speech 419 00:25:13,640 --> 00:25:18,599 and they got talking about credit card interest rates. And well, 420 00:25:18,599 --> 00:25:22,079 I'll let her explain her side of the conversation. 421 00:25:22,359 --> 00:25:25,039 Speaker 11: Yes, I was surprised, in fact, I did not recognize 422 00:25:25,079 --> 00:25:30,960 the phone number. And so the question then is he 423 00:25:31,079 --> 00:25:34,440 raises the point about a cap on credit card interest rates, 424 00:25:34,839 --> 00:25:37,559 something that had come up in this speech and that 425 00:25:38,279 --> 00:25:42,200 I've been working on four years, and that is trying 426 00:25:42,240 --> 00:25:45,880 to get interest rates down, and he said he wanted 427 00:25:45,920 --> 00:25:49,160 to work on that, and I said, great, let's get 428 00:25:49,160 --> 00:25:52,519 something done because my point was, and I made this 429 00:25:52,559 --> 00:25:55,079 point in the speech, he had not lifted a finger 430 00:25:55,799 --> 00:25:59,519 to try to get something through on credit card interest 431 00:25:59,599 --> 00:26:02,680 rate abs. And then while I had them, I said, 432 00:26:02,759 --> 00:26:06,079 you know there's something else you could do just right away. 433 00:26:06,920 --> 00:26:09,480 We need to bring down the cost of housing, and 434 00:26:09,519 --> 00:26:13,359 the way we do that is to increase housing supply 435 00:26:13,920 --> 00:26:19,279 all across this country. We're three million units of housing short, 436 00:26:19,759 --> 00:26:23,200 and we need urban housing, rural housing, housing for first 437 00:26:23,240 --> 00:26:26,920 time home buyers, housing for renters, housing for seniors, housing 438 00:26:26,960 --> 00:26:31,359 for people with disabilities. So I had worked with Chairman 439 00:26:31,400 --> 00:26:35,839 Tim Scott, the Republican chair of the Banking Committee. We 440 00:26:36,000 --> 00:26:39,960 put together a bill that had forty proposals in it, 441 00:26:40,200 --> 00:26:44,960 every one of them aimed toward increasing supply, making it 442 00:26:45,000 --> 00:26:51,400 easier to get approvals more on manufactured housing past the 443 00:26:51,440 --> 00:26:57,440 Senate unanimously, unanimously, and yet goes over to the House 444 00:26:57,559 --> 00:27:00,920 and the House Republicans won't move it at all, gets 445 00:27:00,960 --> 00:27:03,720 tangled up over there, and I said, mister President, you 446 00:27:03,759 --> 00:27:06,880 want to help bring down the cost of housing. Light 447 00:27:06,920 --> 00:27:11,200 a fire under your House Republicans, get them to move 448 00:27:11,319 --> 00:27:14,559 this bill. Let's get it signed into law. Un let's 449 00:27:14,640 --> 00:27:19,759 get started now on a first step on lowering housing costs. 450 00:27:19,799 --> 00:27:21,640 So been a lot to talk about. 451 00:27:22,160 --> 00:27:24,119 Speaker 1: So it is fascinating that Donald Trump picked up the 452 00:27:24,160 --> 00:27:27,319 phone and called her and she was surprised, and so 453 00:27:27,480 --> 00:27:29,960 she wants to work with him on getting a cap 454 00:27:30,000 --> 00:27:32,240 on interest rates. But the second part of it, I 455 00:27:33,240 --> 00:27:36,400 semi agree with her. I don't know what the facts 456 00:27:36,400 --> 00:27:39,200 are about the fact that the House Republicans just sat 457 00:27:39,279 --> 00:27:42,000 on a bill, but she's right. You want to bring 458 00:27:42,039 --> 00:27:45,359 down the cost of housing, build more the supply. When 459 00:27:45,359 --> 00:27:48,319 you have a shortage, prices go up. If you can 460 00:27:49,559 --> 00:27:53,480 reduce that shortage, prices they may still go up, but 461 00:27:53,519 --> 00:27:56,160 they won't go up anywhere near what the prices have 462 00:27:56,240 --> 00:27:59,599 been going up over the last ten years. So she 463 00:27:59,759 --> 00:28:03,039 had the right idea. I can't believe I'm saying that, 464 00:28:03,079 --> 00:28:06,240 but she had the right idea about increased his supply 465 00:28:06,279 --> 00:28:08,680 of housing. So how do you do that? Well, the 466 00:28:08,720 --> 00:28:12,000 government gives incentives to builders to go out there and 467 00:28:12,160 --> 00:28:14,920 do that. A lot of the hang up for building, though, 468 00:28:15,000 --> 00:28:17,200 is not at the federal level. It's usually at the 469 00:28:17,240 --> 00:28:21,519 local level, where you've got local planning commissions and permits 470 00:28:21,559 --> 00:28:27,279 and fees for them to and the way that a 471 00:28:27,359 --> 00:28:32,000 property is zoned for housing and all that. So any case, 472 00:28:32,079 --> 00:28:34,440 I thought it was kind of interesting. But let's go 473 00:28:34,480 --> 00:28:37,279 back to credit cards and Edward Ross Sorkin was interviewing 474 00:28:37,319 --> 00:28:42,440 Elizabeth Warren this morning, and I thought his statistics really 475 00:28:42,480 --> 00:28:43,200 were interesting. 476 00:28:43,279 --> 00:28:45,839 Speaker 12: Listen, I want to go back to credit cards just 477 00:28:45,880 --> 00:28:49,200 for a moment, because there is a study by a 478 00:28:49,200 --> 00:28:53,000 professor at the University of Pennsylvania's Warden School suggesting that 479 00:28:53,519 --> 00:28:57,519 a ten percent cap could make up to eighty percent 480 00:28:57,680 --> 00:29:01,839 of customers of credit cards in America unprofitable at the 481 00:29:01,920 --> 00:29:06,240 current lending rates and credit limits, which suggests that there 482 00:29:06,240 --> 00:29:09,839 would be a meaningfully meaningful reduction in the amount of 483 00:29:09,880 --> 00:29:14,480 credit potentially made available to customers if something like this 484 00:29:14,880 --> 00:29:15,920 were to go into effect. 485 00:29:15,960 --> 00:29:16,720 Speaker 1: What do you make of that? 486 00:29:17,480 --> 00:29:19,880 Speaker 11: Well, first, obviously I want to take a look at 487 00:29:19,920 --> 00:29:22,559 their data, but also just want to start with a 488 00:29:22,559 --> 00:29:26,920 big picture here. Is there anybody defending thirty six percent 489 00:29:27,039 --> 00:29:30,039 interest rate on credit cards or twenty eight percent interest 490 00:29:30,240 --> 00:29:31,599 on credit cards? 491 00:29:31,640 --> 00:29:35,839 Speaker 1: Well? No, But at the same time, she dodged the 492 00:29:35,880 --> 00:29:39,480 whole question here with Zorkins said, this is from the 493 00:29:39,480 --> 00:29:45,240 Wharton School. Eighty percent of credit cards are unprofitable. If 494 00:29:45,319 --> 00:29:48,480 this banks are not allowed to charge a higher interest 495 00:29:48,519 --> 00:29:51,680 rate than ten percent, that means eighty percent of the 496 00:29:51,720 --> 00:29:55,240 credit cards would be pulled. If you are not in 497 00:29:55,319 --> 00:29:59,599 a top tier credit rating, bye, buy your credit card. 498 00:29:59,640 --> 00:30:02,559 The going pull them, They're going to end it, and 499 00:30:02,559 --> 00:30:04,599 they'll and what they'll do is they'll make up the 500 00:30:04,599 --> 00:30:07,960 fees by by other banking fees somewhere else that you'll pay. 501 00:30:08,440 --> 00:30:11,400 But this is she she just blinks. She didn't even 502 00:30:11,559 --> 00:30:15,440 respond to that. And are there people defending the thirty 503 00:30:15,480 --> 00:30:18,079 six or twenty eight percent interest rates whatever? It is 504 00:30:18,799 --> 00:30:24,480 not directly, but but if you don't like paying those 505 00:30:24,519 --> 00:30:27,839 super high rates, Elizabeth Warren went on to talk about 506 00:30:27,880 --> 00:30:31,240 why don't you get move your account over to a 507 00:30:31,359 --> 00:30:34,200 credit union or some There's lots of other places that 508 00:30:34,279 --> 00:30:37,839 have much lower, much lower interest rates. So let the 509 00:30:38,000 --> 00:30:41,720 let the marketplace prevail. And if you're getting soaked with 510 00:30:42,400 --> 00:30:45,960 super high interest rates, do a little work and find 511 00:30:46,000 --> 00:30:47,920 out where you can get a lower interest rate and 512 00:30:47,960 --> 00:30:52,599 move your account. It's not that hard. So then the 513 00:30:52,720 --> 00:30:56,640 question about is this even going to happen? Madison Mills. 514 00:30:56,640 --> 00:31:00,160 She's a reporter for ax Hills. She says she I've 515 00:31:00,160 --> 00:31:02,480 been in Washington a long time, and she says, this 516 00:31:03,200 --> 00:31:07,160 probably doesn't have a chance of getting through to be 517 00:31:07,839 --> 00:31:08,880 passed into a law. 518 00:31:09,359 --> 00:31:12,079 Speaker 10: Yeah, it's sort of the flood the zone mentality. But 519 00:31:12,240 --> 00:31:15,240 it's coming from Washington to Wall Street this time, and 520 00:31:15,519 --> 00:31:18,680 investors that I talk to say that it's two things 521 00:31:18,680 --> 00:31:21,279 that are making them sort of shrug off everything coming 522 00:31:21,359 --> 00:31:23,559 from the President right now. One of them is that 523 00:31:23,640 --> 00:31:26,359 a lot of these policies that we talk through, it's 524 00:31:26,400 --> 00:31:29,319 not clear that they're official yet. For example, the President 525 00:31:29,359 --> 00:31:32,880 talked about a cap on credit card interest rates. The 526 00:31:33,319 --> 00:31:35,440 bank earnings that are happening this week, which is why 527 00:31:35,519 --> 00:31:37,680 I'm at home this morning, because I've been on these 528 00:31:37,680 --> 00:31:41,039 bank earnings calls all morning. The bank CEOs are telling 529 00:31:41,119 --> 00:31:43,599 us that they are not even pricing out what that 530 00:31:43,640 --> 00:31:46,599 could look like because they don't necessarily think that's going 531 00:31:46,640 --> 00:31:48,440 to be a reality. So part of it is a 532 00:31:48,519 --> 00:31:51,119 thinking that policy is maybe not going to come true. 533 00:31:51,319 --> 00:31:53,799 And the other thing is the AI rally happening in 534 00:31:53,839 --> 00:31:56,480 the stock market right now. None of the policies that 535 00:31:56,519 --> 00:31:59,799 the President has talked through to address the affordability crisis 536 00:32:00,039 --> 00:32:02,920 would negatively impact the big tech names, and those are 537 00:32:02,960 --> 00:32:05,400 the companies that are defining the rally in the stock 538 00:32:05,440 --> 00:32:08,319 market right now. So sources tell me that as long 539 00:32:08,400 --> 00:32:12,079 as the president's policies don't impact those AI stocks, the 540 00:32:12,119 --> 00:32:14,119 stock market's going to continue to grind higher. 541 00:32:14,200 --> 00:32:17,119 Speaker 1: So is the president serious or is he just making 542 00:32:17,200 --> 00:32:22,279 populous noises? We don't know, But Harry Entton checked on 543 00:32:23,160 --> 00:32:25,440 credit card debt in America. Here's Harry. 544 00:32:25,720 --> 00:32:28,960 Speaker 13: It is generating a ton, a ton of interest. Just 545 00:32:29,000 --> 00:32:32,200 take a look here. Google searches for credit card rycap 546 00:32:32,599 --> 00:32:36,599 up thirty two hundred percent versus a year ago, up 547 00:32:36,680 --> 00:32:38,960 like a rocket in every single poll that I have 548 00:32:39,039 --> 00:32:44,160 looked at. It's an extremely popular policy, and therefore I'm 549 00:32:44,160 --> 00:32:46,759 not sure about the policy, but it is great at 550 00:32:46,799 --> 00:32:51,119 this point. Great great, great politics. Why is there so 551 00:32:51,240 --> 00:32:54,480 much interest in this? Why do I say it's great politics? Well, 552 00:32:54,519 --> 00:32:56,880 take a look here how Americans feel credit card debt 553 00:32:56,920 --> 00:32:58,720 is a stress in my life. Look at this. You 554 00:32:58,759 --> 00:33:01,279 got the majority of Americans fifty five percent say credit 555 00:33:01,359 --> 00:33:03,759 card debt is a stress in my life. More than that, 556 00:33:03,799 --> 00:33:06,160 we're cost of living ranks in terms of the top 557 00:33:06,200 --> 00:33:08,319 issues in terms of what's affecting you and your family. 558 00:33:08,519 --> 00:33:11,680 It is number one, number one in Paul after Paul 559 00:33:11,880 --> 00:33:13,920 after Paul. So when you see this, you see a 560 00:33:14,000 --> 00:33:16,079 majority of Americans saying credit card debt is a stress 561 00:33:16,119 --> 00:33:18,400 in my life. And you see that in Raking number 562 00:33:18,440 --> 00:33:20,640 one cost of living in terms of the top issues. 563 00:33:20,799 --> 00:33:23,039 That is why there's so much interest in something that 564 00:33:23,079 --> 00:33:25,279 I think a lot of Americans think can address the 565 00:33:25,400 --> 00:33:28,079 very issue that they feel is numero uno and that 566 00:33:28,240 --> 00:33:29,279 is the cost of living. 567 00:33:29,359 --> 00:33:31,160 Speaker 1: Yeah, but I wonder if you could change those questions 568 00:33:31,160 --> 00:33:33,559 to say, well, if we put a ten percent cap 569 00:33:33,599 --> 00:33:37,119 on credit card interest rates, you there's an eighty percent 570 00:33:37,240 --> 00:33:39,839 chance that you'll lose your credit card. And see what 571 00:33:39,920 --> 00:33:42,680 people say. I don't think they would be all that thrilled. 572 00:33:43,000 --> 00:33:45,079 They just think that, oh, sure, why not lower my 573 00:33:45,119 --> 00:33:47,799 interest rates to ten percent? That I understand people's inn 574 00:33:47,880 --> 00:33:50,599 that's great, but that's not the way it works. 575 00:33:50,920 --> 00:33:53,680 Speaker 13: So this is another reason why I think this is great. 576 00:33:53,720 --> 00:33:56,279 Politics is, you know, oftentimes you see the issues that 577 00:33:56,319 --> 00:34:00,640 divide Americans Liberals and Democrats on one side, Conservatives Republicans 578 00:34:00,680 --> 00:34:03,279 on the other. But take a look here, percentage with 579 00:34:03,359 --> 00:34:06,880 credit card debt forty nine percent of Democrats, forty eight 580 00:34:06,920 --> 00:34:10,760 percent of Independence, and fifty one percent of Republicans. It 581 00:34:10,840 --> 00:34:14,440 is a bi partisan problem in this country. So all 582 00:34:14,480 --> 00:34:16,199 of a sudden, Donald Trump is saying, Hey, let me 583 00:34:16,239 --> 00:34:18,559 find an issue in which I can unite the different 584 00:34:18,559 --> 00:34:21,639 factions in this country behind something that I am trying 585 00:34:21,639 --> 00:34:24,320 to propose here. This is it, baby, This is an 586 00:34:24,320 --> 00:34:28,280 issue that democrats that unites Democrats, Independents, and Republicans. Because 587 00:34:28,280 --> 00:34:30,960 the percentage with a credit card debt amongst Republicans, Independence, 588 00:34:31,000 --> 00:34:33,960 and Democrats is pretty much gosh darrn equal. 589 00:34:34,119 --> 00:34:37,039 Speaker 1: And that's something you basically, what are you pointing out? 590 00:34:37,159 --> 00:34:40,280 It doesn't matter what your politics is. There's about half 591 00:34:40,360 --> 00:34:43,280 the people in this country that are stressed out over 592 00:34:43,320 --> 00:34:47,519 their credit card debt. How did they get there? I 593 00:34:47,559 --> 00:34:49,320 mean we know how they got there. They spent more 594 00:34:49,360 --> 00:34:51,159 than they make and they can't pay their credit card 595 00:34:51,239 --> 00:34:57,199 bills in full every month. Well, since we're talking about money, 596 00:34:57,280 --> 00:34:59,719 let's take a look at did Wall Street do anything 597 00:34:59,679 --> 00:35:04,800 pos that of today? The answer is no, there wasn't 598 00:35:04,840 --> 00:35:07,239 any big drop off for the Dow. We were down again, 599 00:35:07,360 --> 00:35:10,800 down forty two to close at forty nine thousand. 600 00:35:11,599 --> 00:35:11,760 Speaker 4: Nine. 601 00:35:12,239 --> 00:35:17,119 Speaker 1: The S and P felt thirty seven nasdak down two 602 00:35:17,199 --> 00:35:20,280 hundred and thirty eight. The price of gold was up 603 00:35:20,320 --> 00:35:25,679 thirty four dollars. People are are switching to gold because 604 00:35:26,039 --> 00:35:29,880 a lot of people in the global investment world are 605 00:35:30,039 --> 00:35:33,800 selling the dollar and switching over to gold. They don't 606 00:35:34,039 --> 00:35:41,840 like all of this Venezuela, Syria, Iran, you name it. No, 607 00:35:42,119 --> 00:35:45,400 the investors don't like it feels very unstable to them, 608 00:35:45,920 --> 00:35:49,599 a lot of chaos. So gold went up another thirty 609 00:35:49,599 --> 00:35:52,840 four dollars today. I believe this is a new record, 610 00:35:52,880 --> 00:35:57,400 four thousand, six hundred and thirty three dollars for one 611 00:35:57,440 --> 00:36:01,800 ounce of gold, and oil basic unchanged at sixty one 612 00:36:01,880 --> 00:36:05,559 dollars for a barrel of oil. That's it for today. 613 00:36:05,679 --> 00:36:08,480 Thank you for coming by. We'll be back again tomorrow. 614 00:36:08,519 --> 00:36:09,599 I hope to see you then