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<v Speaker 1>A lot of the metals, lational self interest, and an individuals.

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<v Speaker 1>This is the show, all right, everybody, Welcome to every

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<v Speaker 1>One Brook Show on this Monday, April fourteenth, for the

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<v Speaker 1>first of two shows today, two shows. All right. We're

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<v Speaker 1>going to talk about the brewing conflict between the US

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<v Speaker 1>Supreme Court and the Trump administration over El Salvado. We'll

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<v Speaker 1>talk about Zelensky, Trump's latest comments on Zelensky, inspiring tariffs,

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<v Speaker 1>more tariffs, more news on tariffs. We'll talk about anti trust, Harvard, CBS,

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<v Speaker 1>Big Law. No good news today, sorry none, No, anyway,

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<v Speaker 1>probably a short show. I'm going to go over these

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<v Speaker 1>stories quickly. You have an opportunity to ask me questions

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<v Speaker 1>in the super chat. We'll see how many I get to.

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<v Speaker 1>But because there is a second show tonight, I'm gonna

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<v Speaker 1>have Christina Laporte, the author of two novels, two medical thrillers, Dissection,

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<v Speaker 1>and you'll find out tonight the second novel and so

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<v Speaker 1>it's going to be fascinating. She's a cardiologist, doctor internals

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<v Speaker 1>to and cardiologists, turned author of thrillers, found a publisher,

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<v Speaker 1>got them published, so I will talk to her fascinating.

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<v Speaker 1>She's an immigrant for Italy all of that. So it

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<v Speaker 1>should be a lot of fun. Christina's a lot of fun.

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<v Speaker 1>So we'll talk to Christina tonight. Next week, next Monday,

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<v Speaker 1>we've got Uncle Gate on Monday. A few notes about

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<v Speaker 1>this week. Not many shows this week. Tomorrow show, Wednesday,

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<v Speaker 1>probably no show, maybe late, I'm hoping. I'm hoping Thursday show,

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<v Speaker 1>no show Friday. Then we'll do Saturday, Sunday, Monday, Tuesday, Wednesday, Thursday, Friday, Saturday, Sunday,

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<v Speaker 1>no show, Monday Tuesday. Okay, anyway, we'll see, right, So

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<v Speaker 1>we'll try to get as many shows in and the

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<v Speaker 1>rest of April. In the meantime, you can support the show.

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<v Speaker 1>You can ask questions, you can do super chats. All

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<v Speaker 1>available right here, right now, so go for it. So

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<v Speaker 1>this week I'm in Atlanta to do some stuff and

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<v Speaker 1>tape capitalism course for the institute. Yeah, that's it, all right,

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<v Speaker 1>let's jump in. All right. So here's a setup, right.

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<v Speaker 1>Ice rounds up a bunch of gang members. It doesn't

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<v Speaker 1>pay too much attention to who it's running up their tattoos.

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<v Speaker 1>If they're suspicious of someone, they follow us as a

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<v Speaker 1>gang member. They put them in a plane ship them

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<v Speaker 1>to Salvado. Before the plane reaches Al Salvado to a

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<v Speaker 1>high security jail, one of the nastiest, maybe in the world,

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<v Speaker 1>nastiest maybe in the world. A judge says, wait a minute,

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<v Speaker 1>none of these people are due process. You didn't document

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<v Speaker 1>any of this. None of this was processed. You can't

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<v Speaker 1>ship people out of here to an Al salvadori in

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<v Speaker 1>jail without due process. Bring the planes back, I ignores them,

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<v Speaker 1>lends the planes in El Salvado. They're unloaded in El

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<v Speaker 1>Salvado and put in the high security jail. In the meantime,

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<v Speaker 1>it turns out that several of the people, maybe up

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<v Speaker 1>to ten percent of the people on the planes in

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<v Speaker 1>the Salvadorian jail right now are not gang members. Maybe

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<v Speaker 1>it's more than ten percent. Episode is probably what we know.

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<v Speaker 1>They're although illegal limics, with exception of one person, Abrigo Garcia,

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<v Speaker 1>who literally has an order from a judge saying he

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<v Speaker 1>cannot be deported. He went through immigration court, he went

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<v Speaker 1>through an asylum hearing, and at the end of the

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<v Speaker 1>hearing it says he cannot be deported. So he's got

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<v Speaker 1>a document saying Abigo Garcia is married, he has three

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<v Speaker 1>young kids, and he lives. I think it's in Boston.

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<v Speaker 1>If I'm not correct, I think it's in Boston. At

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<v Speaker 1>some point during his immigration hearing way back, he was

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<v Speaker 1>accused of belonging to MS thirteen. That was never proven,

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<v Speaker 1>that was never the basis for the accusation, and indeed

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<v Speaker 1>he was the Ice was barred from deporting him because

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<v Speaker 1>the judge viewed it as a risk to his life

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<v Speaker 1>if he was deported to El Salvado, because because the

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<v Speaker 1>gangs were after him, not because he was there Miss thirteen. Anyway,

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<v Speaker 1>he was rounded up and he is now in an

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<v Speaker 1>Ol SALVADORI in jail. Now, all this evidence was brought

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<v Speaker 1>in front of a judge, and a judge basically said,

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<v Speaker 1>you got to bring you back. He is not you

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<v Speaker 1>know you He had a clear there's a clear legal

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<v Speaker 1>standing that prohibited you from deporting him. If we'd gone

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<v Speaker 1>through due process, we would have discovered that and you

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<v Speaker 1>wouldn't have deported him. And the government is saying no, Yes,

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<v Speaker 1>the government's saying basically, yes, we made a mistake. Yes

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<v Speaker 1>he was deported illegitimately. We shouldn't have deported him, but

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<v Speaker 1>we can't do anything about it. Can't do anything about it.

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<v Speaker 1>He's in Ol Salva now can't do a thing about it.

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<v Speaker 1>We're now going to do a thing about it. So, uh,

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<v Speaker 1>this issue was appealed to the Supreme courte and the

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<v Speaker 1>Supreme Quote came down with the ruling I think it

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<v Speaker 1>was on Friday, well, Thursday, nine to zero. How often

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<v Speaker 1>do you see that nine to zero basically telling the

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<v Speaker 1>government you got to bring this guy back. You got

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<v Speaker 1>to bring this guy back. You got to facilitate his

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<v Speaker 1>return to the United States. That's what the Supreme Quote ruled.

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<v Speaker 1>And so they and and they they told the judge

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<v Speaker 1>in the Low Court, you have to, you know, hold

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<v Speaker 1>the government accountable and monitor that they bring this guy back,

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<v Speaker 1>facilitate his return. Yeah, Edward, Edward, the Trump zombie is

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<v Speaker 1>going to tell us that there's a big difference between

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<v Speaker 1>facilitate and effectuate. That's right, and and and that's the

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<v Speaker 1>source of it. Anyway, they have to facilitate the return. Now,

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<v Speaker 1>all facilitating a return would require is Trump telling the

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<v Speaker 1>or the Trumpet dover station telling the El Salvadorians, we

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<v Speaker 1>want this guy back, and they would put him on

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<v Speaker 1>a plane and to come back. So today, Bukeley, the

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<v Speaker 1>presidente of Lsalvado, the guy who built these horrific jails,

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<v Speaker 1>was in the White House scheduled meeting. He is a

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<v Speaker 1>fan of Donald Trump, or maybe it's the other way round.

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<v Speaker 1>Donald Trump is a fan of Bucellas. But at the

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<v Speaker 1>end of the day, Boukelly is a tin pot dictator

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<v Speaker 1>of a tiny little country. Trump is the president of

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<v Speaker 1>the United States of America. And uh, Trump could have

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<v Speaker 1>asked Boukeley to ship a Brigo back to the United

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<v Speaker 1>States very and let me tell you, Bukeli would have

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<v Speaker 1>done it. Or he could have told him, now, let's delay,

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<v Speaker 1>and Bikela would have said, I mean, I need to

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<v Speaker 1>think about it. I mean, in other words, Bookela would

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<v Speaker 1>have done whatever Trump said. Well, whatever happened in their

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<v Speaker 1>private meeting, it was clear that something else was decided.

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<v Speaker 1>That is when they came out in front of reporters

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<v Speaker 1>and Brikela was asked if he would facilitate the return

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<v Speaker 1>of Abrigo Garcia. He said no, I will not. And

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<v Speaker 1>Trump was sitting there with a huge grin on his face,

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<v Speaker 1>just smirking like, Yeah, the guy's doing what I told

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<v Speaker 1>him to do. This is so cool. What does Supreme

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<v Speaker 1>Court gonna do? Now they can't force a foreign leader. Yeah,

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<v Speaker 1>s Vincourt has no jurisdiction in Elsavado. But the US

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<v Speaker 1>government is basically saying we will now do anything anything

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<v Speaker 1>to bring Abrigo Guscia home. And the President of the

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<v Speaker 1>United States is saying, I'm not going to do anything. Basically,

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<v Speaker 1>the administration is saying, the Supreme Court has no authority

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<v Speaker 1>of a farm policy, and therefore we are going to

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<v Speaker 1>ignore the Supreme Court. Now here's what here's the night misscenario.

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<v Speaker 1>I'm not saying this will happen, but it could happen.

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<v Speaker 1>As the walking out. This is not the night true seremony.

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<v Speaker 1>This is reality. Is actually what happened as the walking out.

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<v Speaker 1>And he's saying goodbye to b Kelly. This is the transaction.

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<v Speaker 1>Was there the there the conversation was actually recorded, and

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<v Speaker 1>Trump says to Bukeley, I want to I want to

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<v Speaker 1>put you know, Americans in your jails. You know, real

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<v Speaker 1>criminals in your jails. So build more, build You got

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<v Speaker 1>to build at least five more huge jails. These are

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<v Speaker 1>massive jails, hold tens of thousands. You got to bring

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<v Speaker 1>five more because I want to. I want to put

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<v Speaker 1>Americans in your jails. Now he has a scenario. Let's

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<v Speaker 1>say Trump is serious only hardened criminals. But let's say

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<v Speaker 1>a hardened criminal. If somebody goes to the trial and

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<v Speaker 1>is found guilty of murder and is shipped off to

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<v Speaker 1>a Salvadorian jail, which seems unconstitutional to me, but I

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<v Speaker 1>don't think anybody cares anymore about the constitution. Imagine that,

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<v Speaker 1>and imagine a year later, DNA evidence is found that

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<v Speaker 1>shows that this guy didn't commit the murder, and now

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<v Speaker 1>you you should, you think bring him back from Osalvado

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<v Speaker 1>and the President goes, na, I don't think so, I'm

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<v Speaker 1>not gonna ask Bokela for that favor. Why would ask Bukella.

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<v Speaker 1>Let him stay there, and that's it, and there's no

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<v Speaker 1>recourse and nobody cares. An America just goes, yeah, I

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<v Speaker 1>know he's innocent. Yeah, we shouldn't have sent him to

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<v Speaker 1>the Alisilvadurian jail. But let him rot. We don't care. Particularly,

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<v Speaker 1>I don't know if he's an immigrant, maybe has dark

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<v Speaker 1>skin or something that makes him unappealing to the powers

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<v Speaker 1>to be. Oh. Even worse, imagine that they just start

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<v Speaker 1>arresting people and sending them to you know, l Salvado.

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<v Speaker 1>And you know, once in a while they rope into

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<v Speaker 1>the rounding up some critic of Trump and he started

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<v Speaker 1>gang man. But he did nothing, and he goes, oh, yeah, sorry,

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<v Speaker 1>that was a mistake. We didn't mean to send that

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<v Speaker 1>guy to El Salvado. But he's there now. There's nothing

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<v Speaker 1>we can do about it, so be it. I mean,

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<v Speaker 1>this is sci fi level American dictatorship is coming stuff.

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<v Speaker 1>This is how bad it is. It's crazy, and what's

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<v Speaker 1>going to happen? Right? So the Supreme Court could now say,

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<v Speaker 1>you know you are you are not fulfilling. Right, we

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<v Speaker 1>ruled nine to zero. The Supreme Court could escalate, so

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<v Speaker 1>abgo Gussia's lawyers could go back to the Supreme Court

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<v Speaker 1>alleged administration has refused to comply with the court's order.

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<v Speaker 1>And then the court finds that the administration did not comply.

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<v Speaker 1>It was again it demands action. And then what would

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<v Speaker 1>Congress then take it up and impeach the president? No,

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<v Speaker 1>we know that wouldn't happen. Would the military now led

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<v Speaker 1>by Trump accolades, who he fired the military leadership and

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<v Speaker 1>put his own people in there, would they back the

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<v Speaker 1>Supreme Court? And I don't know depose the president and

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<v Speaker 1>it never happened in American history? Would it happen? In

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<v Speaker 1>no way, It wouldn't happen. If the court found the

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<v Speaker 1>administration in contempt, Would President Trump be arrested and put

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<v Speaker 1>in jail for contempt of court? Would Secretary ubioh with

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<v Speaker 1>you know who? I don't know who is responsible the

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<v Speaker 1>head of Ice? Would any of them be arrested? No,

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<v Speaker 1>not given who runs the Justice Department, not given who

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<v Speaker 1>runs the FBI. I mean, the reality is the scary

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<v Speaker 1>part of this. I mean, I feel sorry for a

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<v Speaker 1>Bert goo Garcia and his family. I mean, this is

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<v Speaker 1>tragic and horrific. But think of the wider implications here

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<v Speaker 1>of the rule of law. Think of the wider implications

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<v Speaker 1>of an administration completely out of control with no respect

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<v Speaker 1>for the courts, no respect for the rule of law?

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<v Speaker 1>Is there? I mean, where does it go from here?

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<v Speaker 1>And it very could well could be that the court

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<v Speaker 1>decides not to hear the case, because it could very

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<v Speaker 1>well be that the court decides, you know what, you know?

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<v Speaker 1>Is this the hell we want to die on? Is

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<v Speaker 1>this the constitutional crisis we want to have? I mean,

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<v Speaker 1>shouldn't if we're going to have a constitution crisis would

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<v Speaker 1>be over a bigger issue. Trump's canna ignore me anyway.

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<v Speaker 1>I mean, Roberts might think that he got the unanimous decision.

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<v Speaker 1>He now you know, ignores the non compliance and and

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<v Speaker 1>lives to fight another day. There's nothing, there's nothing in

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<v Speaker 1>American constitutional system that can compel Trump and oh can

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<v Speaker 1>compel to dictator in Olsalvado to do something that he

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<v Speaker 1>understands the President does not want him to do. So

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<v Speaker 1>Trump doesn't have to say don't do it. He just

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<v Speaker 1>has an understanding with Bukela. That smile clearly articulate that that.

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<v Speaker 1>And Roberts can say, I can't compel Boukele to hand

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<v Speaker 1>over this guy, and I can't, so what. There's nothing

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<v Speaker 1>I can do, nothing you can do. Just think of

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<v Speaker 1>that as you defend this president. Just think of that.

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<v Speaker 1>I mean, God, I'm looking at a video of Bukele saying,

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<v Speaker 1>how can I smuggle a terrorist in the United States?

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<v Speaker 1>Of course I'm not going to do it. The question

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<v Speaker 1>is preposterous. And Trumps sitting there with this smug smile, nodding.

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<v Speaker 1>This is sick. This is behavior of a unhinged man,

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<v Speaker 1>an authoritarian, an authoritarian and as we'll see. I think

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<v Speaker 1>there's a pattern. The pattern is these guys are setting

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<v Speaker 1>us up for a Urbann ultimately putin like we have elections,

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<v Speaker 1>but they don't matter type authoritarianism. That's certainly what it

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<v Speaker 1>looks like. I hope I'm wrong. I hope I'm wrong.

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<v Speaker 1>But last time, four years ago, we had January sixth.

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<v Speaker 1>Next time, they're not going to be that polite. They're

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<v Speaker 1>not going to be They're going to have the support

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<v Speaker 1>of everybody within the administration, including potentially the military. Why

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<v Speaker 1>would they hand it over to a you know, a

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<v Speaker 1>mob of crazy, mega incompetence. Why not do the job right? Anyway?

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<v Speaker 1>It's scary stuff, legit scary stuff. Yeah, I know, you

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<v Speaker 1>just can't buy into it. It's just hard to believe

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<v Speaker 1>that that would happen. Did you believe in twenty twenty

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<v Speaker 1>that January sixth, twenty twenty one would happen. Did we

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<v Speaker 1>believe that Trump could just say, to hell with him,

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<v Speaker 1>let him rot in, let him rot in prison, he's

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<v Speaker 1>sick and you know the Supreme Court? Or did you

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<v Speaker 1>believe that Donald Trump would write the following after Zelensky

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<v Speaker 1>was sixty minutes over the weekend, Donald Trump was not happy,

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<v Speaker 1>not happy. Donald Trump wrote, the war between Russia and

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<v Speaker 1>Ukraine is Biden's war, not mine. He is such a child,

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<v Speaker 1>a child. You guys voted for a five year old

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<v Speaker 1>to run this country. I just got here, and for

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<v Speaker 1>four years during my term, he had no problem preventing

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<v Speaker 1>it from happening. There were stillities between Ukraine and Russia

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<v Speaker 1>during that period of time. During the first Trump presidency,

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<v Speaker 1>Trump Putinded already invaded Crimea and Eastern Ukraine. It just

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<v Speaker 1>was in as heart as a war, and Trump did

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<v Speaker 1>nothing about it. Tes he Appeace Putin even back then

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<v Speaker 1>President Putin and everyone else respected your president might yeah, anyway,

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<v Speaker 1>I had nothing to do with this war all caps,

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<v Speaker 1>but in working diligently to get the death and destruction

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<v Speaker 1>to stop. If the twenty twenty presidential elections were not

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<v Speaker 1>rigged and it was talk about a five year old,

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<v Speaker 1>he cannot let it go. He cannot let it go.

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<v Speaker 1>It's a lie. He knows it's a lie. And every

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<v Speaker 1>single you know, every every day almost it comes up

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<v Speaker 1>in one of his statements, one of his tweets, one

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<v Speaker 1>of his press conferences, if the twenty twenty presidential electors

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<v Speaker 1>was election was not rigged, and it was in so

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<v Speaker 1>many ways that horrible war would have never happened. President

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<v Speaker 1>Zelensky and cooked Joe Biden did an absolutely horrible job

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<v Speaker 1>in allowing this travesty to begin. There were so many

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<v Speaker 1>ways to prevent it from even ever starting. But that

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<v Speaker 1>is the past. Now we have to get it to

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<v Speaker 1>stop and fast. So said, So. Putin didn't start this war.

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<v Speaker 1>Putin didn't invade Ukraine. Putin had no responsibility for the

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<v Speaker 1>actions of his military. Putin has no responsibility for this war,

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<v Speaker 1>no culpability, nothing, zero. Not that this is on Zelensky

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<v Speaker 1>and Biden. This is their war. It's their fault. Yeah.

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<v Speaker 1>He later goes on and says, you know, so Zelensky

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<v Speaker 1>during his sixteen minutes interview, said he wants to purchase

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<v Speaker 1>Patriot missiles. He wants to watch fifteen billion dollars of

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<v Speaker 1>American Patriot missiles. I think ten batteries. These are essential

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<v Speaker 1>for the protection of Ukrainian skies from a constant bombama

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<v Speaker 1>by the Russians. And he said he wants to buy them,

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<v Speaker 1>didn't ask anybody to give it to him. This is

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<v Speaker 1>what Trump says. Zelensky is always looking to purchase missiles.

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<v Speaker 1>You don't start a war against somebody that's twenty times

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<v Speaker 1>your size and then hope that people give you some missiles.

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<v Speaker 1>You don't start a war against somebody that's twenty times

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<v Speaker 1>your size and then hope that people give you some missiles.

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<v Speaker 1>So you might have thought, you know, a couple of

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<v Speaker 1>months ago, when Trump accused of Zelenski starting the war,

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<v Speaker 1>that you know, maybe mispokey, it was an accident, or

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<v Speaker 1>he's just trying to put pressure on him that moment. No,

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<v Speaker 1>this is a strategy, or this is Trump, this is

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<v Speaker 1>his agenda. Zelensky started the war, not putin Zelensky Ukraine.

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<v Speaker 1>This time he doesn't mention Biden. And of course he says,

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<v Speaker 1>and then hope that people give you some missaules looking

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<v Speaker 1>to purchase missiles. He wants to buy them, buy them now.

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<v Speaker 1>Note the patriots are not missiles, the defense systems. Why

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<v Speaker 1>do they want defense systems because Russia is pounding their

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<v Speaker 1>civilian population with missiles. Just had one hit the city

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<v Speaker 1>of Sumi and killed thirty four people injuring one hundred

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<v Speaker 1>on their way to church. Civilians. Note that Zelenski didn't

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<v Speaker 1>start the war. Trump's best buddy Putin did could a baba.

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<v Speaker 1>It's not that he's a dufist. I don't get I

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<v Speaker 1>don't get you calling Trump dufers like duffis is like

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<v Speaker 1>an innocent god. He's so spaced out, he's so This

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<v Speaker 1>guy is evil through and through. President Trump is evil

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<v Speaker 1>through and through. This is immoral, moronic, detached from reality,

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<v Speaker 1>and downright evil. It's evil to let the person initiating

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<v Speaker 1>the force, to let a brutal dictator like Putin with

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<v Speaker 1>no nothing, and then to blame the innocent who's defending

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<v Speaker 1>himself with everything that's not being a doufist, that is

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<v Speaker 1>being through and through corrupt in his soul, in every

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<v Speaker 1>fiber of everything that he is. This is a bad,

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<v Speaker 1>bad human being. Now, of course we're gonna be told

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<v Speaker 1>that this is just his stance to try to get

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<v Speaker 1>ze Lynsky to sign a piece deal. It's out of

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<v Speaker 1>the deal. It's three D chess, it doesn't matter. This

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<v Speaker 1>is disgusting. And the fact that no pressure is being

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<v Speaker 1>put in Russia, not a none, none, is truly despicable.

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<v Speaker 1>Note that Russia was the one country that avoided tariffs

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<v Speaker 1>on Liberation Day. Pretty interesting, huh. And then when he

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<v Speaker 1>was told asked about the missile attack by the Russians

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<v Speaker 1>on Sumi, where As I said, all those people were

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<v Speaker 1>killed and injured and everything. He said, Look, I was

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<v Speaker 1>told this is Trump again. I was told they made

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<v Speaker 1>a mistake, this is Biden's war, this is not my war.

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<v Speaker 1>Made a mistake. Putin makes mistakes. Zelensky starts wars. I mean,

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<v Speaker 1>watch the sixty minute interview. Selinsky comes across as this honest,

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<v Speaker 1>even courageous, thoughtful, try not to fend, trying to use

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<v Speaker 1>the right words, but doesn't want to lie kind of person.

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<v Speaker 1>I mean, Zonisky is a good guy. He really is.

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<v Speaker 1>Trump is just thoroughly corrupt, thoroughly imo and president of

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<v Speaker 1>the United States. I laugh because it's so absurd that

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<v Speaker 1>he is. All right, guys, don't forget support the show.

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<v Speaker 1>Support the show through stickers, super chats, value for value.

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<v Speaker 1>I do these shows. You listen the value I provide,

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<v Speaker 1>you should reciprocate. All right, that was Zelensky. All right,

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<v Speaker 1>Constant news about tariffs, It doesn't stop, right. Every day,

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<v Speaker 1>every hour there's something new, some new angle, some new thing.

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<v Speaker 1>So you know, we had this exemption from electronics on

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<v Speaker 1>Friday evening, the Trump put in primarily from China, because

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<v Speaker 1>China has one hundred and twenty We have one hundred

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<v Speaker 1>and forty five percent tariffs on Chinese goods and Apple

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<v Speaker 1>and Nvidia, and all these were panicky, and somebody made

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<v Speaker 1>a phone call and Trump excluded electronics from the tariffs.

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<v Speaker 1>Well in the meantime, in the meantime, during the weekend,

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<v Speaker 1>Lutnik Lutnik, this guy should be taught and feathered, right,

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<v Speaker 1>taught and feathered. This guy should be out this this

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<v Speaker 1>is god. He's the worst of all the Trumpet point

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<v Speaker 1>he so far. Anyway, Lutnick goes on TV and says, oh, no, know,

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<v Speaker 1>these exemptions are just temporary, just temporary, they won't last

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<v Speaker 1>reversed them. Talk about creating uncertainty, ongoing, constant, no stop

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<v Speaker 1>on certainty. Then Trump comes out and says, look, uh,

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<v Speaker 1>the new tariffs coming. We're gonna have tariffs on on

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<v Speaker 1>computer chips, We're gonna have tariffs on drugs and all

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<v Speaker 1>of that on national security grounds. But I might I

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<v Speaker 1>might spare the auto industry, constant shifting, moving around, nothing

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<v Speaker 1>stays still, constant, changing the rules, and suddenly through the roof,

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<v Speaker 1>I'll give you a favor take it away later. Maybe

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<v Speaker 1>I'll give them a favor. Maybe I won't. Maybe I'll

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<v Speaker 1>do that, maybe hear me. Yeah, So we're gonna have soon,

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<v Speaker 1>we're gonna have tariffs on computer chips, farmceuticals, and we'll

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<v Speaker 1>probably have some relaxation of levies of tariffs on cause

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<v Speaker 1>and autoparts. So why do we do it to begin with?

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<v Speaker 1>If now we're going to relax them? All right, So

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<v Speaker 1>beyond just being a was it emol dufus, corrupt to

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<v Speaker 1>the bone, the guy's incompetent, can't make up his mind,

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<v Speaker 1>is creating massive uncertainty in the US economy. So this morning,

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<v Speaker 1>the expectation was that stocks would be way up, and indeed,

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<v Speaker 1>at some point early in the morning, I guess the

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<v Speaker 1>NASAQ was up something like two percent. But as it

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<v Speaker 1>kind of sunk in that, no, these new taffs are coming.

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<v Speaker 1>It's not a done deal. It's temper stocks decline, they

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<v Speaker 1>landed up up, still up, and indeed everything kind of moderated.

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<v Speaker 1>The dollar kind of basically was flat today. Uh, but

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<v Speaker 1>interstate and interstrates were down. So after the trend of

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<v Speaker 1>interstates going up, interstates were down. And I think that's

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<v Speaker 1>that's a big calming effect. But this is not ending

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<v Speaker 1>anytime soon. The circus around trade is not ending about soon.

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<v Speaker 1>And you're probably hearing. If not, you're not following what's

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<v Speaker 1>going on, which is fine because you said you should

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<v Speaker 1>only listen to the run book show for news. A

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<v Speaker 1>lot of small businesses are going to really really be

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<v Speaker 1>struggling and maybe go out of business here because they

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<v Speaker 1>depend on inputs from China. A lot of businesses just

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<v Speaker 1>don't know what to do because they don't know what's next.

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<v Speaker 1>They don't know how long they can plan. They can't.

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<v Speaker 1>I talked about this the pain felt I'd say primarily

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<v Speaker 1>by small to medium sized businesses who can't lobby, They

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<v Speaker 1>can't call up the White House, and they can't hedge

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<v Speaker 1>their bats. They can't revamp their supply chain, revamp their

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<v Speaker 1>supply chains on a dime. They're gonna struggle. They're gonna

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<v Speaker 1>be real challenges here for a lot of companies, a

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<v Speaker 1>lot of companies. And remember a lot of manufacturing that's

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<v Speaker 1>done in the United States uses components or raw materials

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<v Speaker 1>that are imported. So even manufacturing which is supposed to

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<v Speaker 1>be grow because of this house, potentially in the short

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<v Speaker 1>run will shrink because they can't bring stuff in, So

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<v Speaker 1>it's a complete destruction. I mean, think about the fact that,

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<v Speaker 1>you know the tariffs that were excluded electronics, Apple and

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<v Speaker 1>Nvidia and Microsoft. They're in better shape because the exclusion

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<v Speaker 1>temporary as it may be. But if your mom and

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<v Speaker 1>pop shop selling toys, if your mom pop shops or

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<v Speaker 1>not a mom or mid sized business selling furniture, a

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<v Speaker 1>lot of the furniture in the United States is made

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<v Speaker 1>in China, how are you going to survive this? Even

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<v Speaker 1>if it's only temporary, even if Trump folds, what about

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<v Speaker 1>the damage? The massive damage. I mean a lot of

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<v Speaker 1>these companies, their margins are very small. How do they

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<v Speaker 1>survive the next few days, in the next few weeks,

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<v Speaker 1>in the next few months. And while he might fold

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<v Speaker 1>on a lot of things, it's not obvious he will.

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<v Speaker 1>It's not obvious he will. I really think he hates trade,

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<v Speaker 1>he hates trade deficits, and he is willing to inflict

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<v Speaker 1>a lot of pain in order to try at least

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<v Speaker 1>to fix it. I don't know that any deals are

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<v Speaker 1>going to be cut because the deals will not cut

407
00:32:22.119 --> 00:32:26.960
<v Speaker 1>the trade deficit. That maybe he'll fold because there's a

408
00:32:27.000 --> 00:32:31.039
<v Speaker 1>lot of pressure, but I'm not convinced. Again today he

409
00:32:31.119 --> 00:32:35.279
<v Speaker 1>was talking about more tariffs on pharmaceuticals and computer chips,

410
00:32:36.480 --> 00:32:39.440
<v Speaker 1>and then for some reason reducing them on autoparts and automobiles.

411
00:32:41.920 --> 00:32:45.640
<v Speaker 1>He hates trade. He believes trade is zero sum. That

412
00:32:45.799 --> 00:32:51.720
<v Speaker 1>is hating trade. He hates trade. He doesn't believe trade

413
00:32:51.839 --> 00:33:05.160
<v Speaker 1>is win win. And then so he is destructive, destructive,

414
00:33:05.160 --> 00:33:09.720
<v Speaker 1>and he's destroying people's lives now again, small businesses, media

415
00:33:09.759 --> 00:33:13.640
<v Speaker 1>sized businesses, so be it. You might say, the big

416
00:33:13.640 --> 00:33:26.039
<v Speaker 1>guys will survive. The big guys will survive. Let's see. Yeah,

417
00:33:26.160 --> 00:33:31.160
<v Speaker 1>that's clear. Now on top of all this, in the meantime,

418
00:33:33.200 --> 00:33:38.640
<v Speaker 1>he is handing China a massive strategic victory. I mean,

419
00:33:39.960 --> 00:33:44.440
<v Speaker 1>you couldn't have scripted this if you are pro China

420
00:33:45.039 --> 00:33:54.000
<v Speaker 1>any better than it is. You know, Trump is a

421
00:33:54.079 --> 00:33:59.000
<v Speaker 1>huge fan of Putin's and you couldn't script his his

422
00:33:59.119 --> 00:34:05.119
<v Speaker 1>behavior towards the Lenski anymore pro Putin. It's completely motivated

423
00:34:05.119 --> 00:34:11.960
<v Speaker 1>by his pro Putin stance. Now, what you get is

424
00:34:12.079 --> 00:34:15.440
<v Speaker 1>you could have scripted this maybe towards China as more

425
00:34:16.000 --> 00:34:20.480
<v Speaker 1>an end, strategically more pro China, because what is China

426
00:34:20.559 --> 00:34:28.280
<v Speaker 1>doing right now? China now is basically going around Asia

427
00:34:28.519 --> 00:34:33.719
<v Speaker 1>and saying, see, you can't trust the Americans, you can't

428
00:34:33.760 --> 00:34:39.400
<v Speaker 1>trust Trump, and who the hell wants to pay even

429
00:34:39.440 --> 00:34:44.400
<v Speaker 1>ten percent tariff. We'll offer you a deal. We'll sign

430
00:34:44.400 --> 00:34:48.679
<v Speaker 1>a free trade deal with you. You will see that

431
00:34:48.840 --> 00:34:56.360
<v Speaker 1>China will be signing a whole bunch of deals on

432
00:34:56.480 --> 00:35:00.960
<v Speaker 1>trade with other Asian countries, potentially other countries around the world,

433
00:35:01.000 --> 00:35:05.880
<v Speaker 1>even maybe the EU. Trade the lowest barriers in both directions.

434
00:35:09.159 --> 00:35:14.239
<v Speaker 1>China has a lot of bad economic policies. China's ignorant

435
00:35:14.280 --> 00:35:16.679
<v Speaker 1>of a lot of things when it comes to economics.

436
00:35:18.320 --> 00:35:32.599
<v Speaker 1>But they understand, they understand that, they understand that they

437
00:35:32.639 --> 00:35:35.599
<v Speaker 1>benefit from trade, and so does everybody else. There's very

438
00:35:35.599 --> 00:35:37.639
<v Speaker 1>few people out there in the world who have the

439
00:35:37.719 --> 00:35:44.360
<v Speaker 1>kind of infantile, perceptual level view of trade that Trump has.

440
00:35:47.400 --> 00:35:56.159
<v Speaker 1>I can't resist. You know, every day the Trump's zombie

441
00:35:56.400 --> 00:36:01.440
<v Speaker 1>core out there, the drums zombie pr machine, produces new

442
00:36:01.719 --> 00:36:05.440
<v Speaker 1>excuses why tariffs are good. Every day. You see it

443
00:36:05.440 --> 00:36:08.000
<v Speaker 1>on X you see it, and then you see all

444
00:36:08.079 --> 00:36:12.519
<v Speaker 1>the Trump zombies saying the same thing. You know, to

445
00:36:12.559 --> 00:36:17.480
<v Speaker 1>a placed income tax, it'll bring manufacturing back. And then Edward,

446
00:36:17.519 --> 00:36:20.519
<v Speaker 1>Now trade defers a decrease the value of the US dollar.

447
00:36:20.599 --> 00:36:22.800
<v Speaker 1>We want a strong dollar, but Trump points a week

448
00:36:22.840 --> 00:36:27.079
<v Speaker 1>dollar because a week dollar makes it possible to export

449
00:36:27.119 --> 00:36:31.880
<v Speaker 1>moret So they come up with stuff they don't even

450
00:36:32.000 --> 00:36:34.920
<v Speaker 1>understand what they're talking about. They don't understand the concepts

451
00:36:34.960 --> 00:36:45.239
<v Speaker 1>they're relating to. But that's what the pr machine of

452
00:36:45.280 --> 00:36:49.719
<v Speaker 1>the tribe has dictated. Is today's excuse for why tariffs

453
00:36:49.760 --> 00:37:07.519
<v Speaker 1>are good. Anyway, So we have a we have a trade,

454
00:37:09.840 --> 00:37:13.519
<v Speaker 1>we have continuing uncertainty. We have she going around Asia

455
00:37:13.599 --> 00:37:19.079
<v Speaker 1>now strengthening ties, trying to cut deals. I think he's

456
00:37:19.480 --> 00:37:24.519
<v Speaker 1>in Vietnam today trying to cut deals Vietnam, which is

457
00:37:24.519 --> 00:37:27.719
<v Speaker 1>a should be a strategic gally of the United States,

458
00:37:27.719 --> 00:37:33.960
<v Speaker 1>and trying to trying to control China. Vietnam, who is

459
00:37:34.039 --> 00:37:36.519
<v Speaker 1>afraid of China, who has a border with China, has

460
00:37:36.559 --> 00:37:42.079
<v Speaker 1>fought wars with China. Vietnam is going to move more

461
00:37:42.280 --> 00:37:48.119
<v Speaker 1>in the direction of China because they're being tariffed by

462
00:37:48.119 --> 00:37:53.320
<v Speaker 1>the US, so they better establish relations with the other

463
00:37:53.320 --> 00:37:57.360
<v Speaker 1>big player in the world, which is the Chinese. He

464
00:37:57.519 --> 00:38:00.440
<v Speaker 1>is in Vietnam today, he will be in mal Asia

465
00:38:00.480 --> 00:38:05.719
<v Speaker 1>tomorrow and in Cambodia, so he is doing a little

466
00:38:05.719 --> 00:38:11.519
<v Speaker 1>trip out. There also relations between China, Japan, and South Korea.

467
00:38:11.960 --> 00:38:15.800
<v Speaker 1>Japan and South Korea, two have America's strongest allies in Asia,

468
00:38:16.480 --> 00:38:20.480
<v Speaker 1>have warmed recently when they were very cold up until now.

469
00:38:20.519 --> 00:38:23.800
<v Speaker 1>Trump has managed to get the Chinese, the South Koreans,

470
00:38:23.800 --> 00:38:27.199
<v Speaker 1>and the Japanese talking to each other in a kind

471
00:38:27.199 --> 00:38:35.360
<v Speaker 1>of warm kind of way. So Trump is providing everybody

472
00:38:35.360 --> 00:38:39.960
<v Speaker 1>within incentive to shift to China because he is acting

473
00:38:40.159 --> 00:38:46.679
<v Speaker 1>like a schoolhouse bully. Now in the meantime, China's trying

474
00:38:46.679 --> 00:38:52.119
<v Speaker 1>to hurt America where it counts. So for example, there

475
00:38:52.159 --> 00:38:54.599
<v Speaker 1>was a story and it's how to verify if this

476
00:38:54.639 --> 00:38:57.599
<v Speaker 1>is actually the case. But it looks like this is

477
00:38:57.639 --> 00:39:05.920
<v Speaker 1>the case that China is halting all rare earth mineral exports. Right,

478
00:39:06.719 --> 00:39:09.880
<v Speaker 1>so China is not providing rare earth minerals, at least

479
00:39:09.920 --> 00:39:13.480
<v Speaker 1>not to the United States. Now, remember you need rare

480
00:39:13.480 --> 00:39:17.960
<v Speaker 1>earth minerals or everything defense, medical equipment, caused, phones, industrial tools, everything.

481
00:39:19.159 --> 00:39:24.360
<v Speaker 1>And while China only minds about sixty percent of the

482
00:39:24.440 --> 00:39:30.000
<v Speaker 1>rare earth metals in the world, it refines refines ninety

483
00:39:30.039 --> 00:39:34.280
<v Speaker 1>five percent of them. It would take the United States

484
00:39:34.360 --> 00:39:40.840
<v Speaker 1>five to ten years if environmental regulations were reduced to

485
00:39:40.880 --> 00:39:43.400
<v Speaker 1>be able to open up a refinery that refines rare

486
00:39:43.480 --> 00:39:53.639
<v Speaker 1>earth metals. Now, as of now, American companies have an inventory.

487
00:39:54.159 --> 00:39:57.480
<v Speaker 1>They've stockpiled the minerals that they need for a quarter

488
00:39:57.599 --> 00:40:02.960
<v Speaker 1>or two. But if this continues, this could be more

489
00:40:03.000 --> 00:40:08.400
<v Speaker 1>pressure on financial markets to do their thing to penalize us.

490
00:40:08.440 --> 00:40:18.400
<v Speaker 1>All By Greenland, you get zero zero rare earth capacity

491
00:40:18.679 --> 00:40:23.639
<v Speaker 1>refining capacity. There's plenty of earth materials in Montana and Wyoming,

492
00:40:24.119 --> 00:40:27.079
<v Speaker 1>but we don't have the refining capacity to do anything

493
00:40:27.079 --> 00:40:29.280
<v Speaker 1>with them, and the environmentalists won't let them. Just mind

494
00:40:29.320 --> 00:40:33.480
<v Speaker 1>them in Greenland is going to have the same environmental concerns.

495
00:40:33.519 --> 00:40:35.159
<v Speaker 1>But even if you could mind them where you're can

496
00:40:35.159 --> 00:40:37.159
<v Speaker 1>never find them. You have to send them to China

497
00:40:37.239 --> 00:40:41.760
<v Speaker 1>to refine them. We could get more real earth materials

498
00:40:41.800 --> 00:40:46.039
<v Speaker 1>from Ukraine, but there's very little refining capacity anyway in

499
00:40:46.079 --> 00:40:48.679
<v Speaker 1>the world. Again, let me just repeat it, since it

500
00:40:48.760 --> 00:40:55.519
<v Speaker 1>seems ninety five percent of all the refining capability is

501
00:40:55.559 --> 00:40:59.599
<v Speaker 1>in China. Now, you could probably increase a little bit

502
00:40:59.639 --> 00:41:02.960
<v Speaker 1>to keep abilities existing, but it takes a long time,

503
00:41:03.119 --> 00:41:08.440
<v Speaker 1>huge capital investments and a long time. In the meantime,

504
00:41:08.760 --> 00:41:12.079
<v Speaker 1>I'm making firms and I'm making defense firms run out

505
00:41:12.079 --> 00:41:17.480
<v Speaker 1>of it within three to six to nine months. So

506
00:41:18.159 --> 00:41:20.320
<v Speaker 1>it doesn't help you to get the earth materials if

507
00:41:20.360 --> 00:41:27.599
<v Speaker 1>you can't refine them anyway. Just and that's just one

508
00:41:27.639 --> 00:41:33.960
<v Speaker 1>other aspect to the whole trade fiasco that those responsible

509
00:41:33.960 --> 00:41:35.840
<v Speaker 1>for trade in the United States are not thinking through.

510
00:41:38.599 --> 00:41:42.719
<v Speaker 1>All right, let's see more bad news. All right. So

511
00:41:45.360 --> 00:41:48.280
<v Speaker 1>during the first Trump administration, towards the end of the

512
00:41:48.280 --> 00:41:55.239
<v Speaker 1>first Trump administration six years ago, the Trump Federal Trade

513
00:41:55.239 --> 00:42:02.559
<v Speaker 1>Commission there was Trumps from the first round, started an

514
00:42:02.599 --> 00:42:10.119
<v Speaker 1>investigation for anti trust violations are Meta Facebook. That investigation,

515
00:42:10.199 --> 00:42:16.039
<v Speaker 1>of course, was continued with even more vigor by the

516
00:42:16.039 --> 00:42:26.000
<v Speaker 1>Biden administration. Well after six year investigation and legal battles.

517
00:42:26.559 --> 00:42:30.480
<v Speaker 1>Today the Federal Tade Commission will face off against Meta

518
00:42:30.639 --> 00:42:42.519
<v Speaker 1>in court, suing Meta for anti trust violations. They're going

519
00:42:42.559 --> 00:42:46.480
<v Speaker 1>to demand a breakup of Mata at the very least

520
00:42:46.960 --> 00:42:54.400
<v Speaker 1>spin off of Instagram and WhatsApp. You know, it is interesting, right,

521
00:42:54.480 --> 00:43:02.039
<v Speaker 1>this is Trump's FTC. But Andrew Ferguson, who's Trump's newly

522
00:43:02.079 --> 00:43:06.280
<v Speaker 1>installed pick to lead the FDC, has said that they're

523
00:43:06.320 --> 00:43:11.280
<v Speaker 1>willing to go against Meta. So Trump is not pro business.

524
00:43:12.119 --> 00:43:22.039
<v Speaker 1>He's not pro big tech. He wants to break them up. Now,

525
00:43:22.400 --> 00:43:25.559
<v Speaker 1>so this is going to go to trial again. The

526
00:43:25.639 --> 00:43:32.079
<v Speaker 1>case is bipartisan. Democrats wanted it, Republicans wanted it. Anti trust,

527
00:43:32.199 --> 00:43:35.199
<v Speaker 1>as you know, I think is an evil law, a

528
00:43:35.239 --> 00:43:38.880
<v Speaker 1>bad law. There should be no anti trust laws. The

529
00:43:38.920 --> 00:43:40.800
<v Speaker 1>government should not be in a position to decide what

530
00:43:40.880 --> 00:43:44.000
<v Speaker 1>is too big or not, what is so called anti

531
00:43:44.079 --> 00:44:06.199
<v Speaker 1>trust or not. And so this is going to go forward.

532
00:44:06.199 --> 00:44:09.360
<v Speaker 1>Now there is a chance, notice how this works, there

533
00:44:09.400 --> 00:44:16.079
<v Speaker 1>is a chance the President Trump will weigh in and

534
00:44:18.239 --> 00:44:22.599
<v Speaker 1>argue and try to not try get the FTC to

535
00:44:22.679 --> 00:44:27.280
<v Speaker 1>drop the case. Now why would he do that, Well,

536
00:44:27.280 --> 00:44:32.800
<v Speaker 1>because Marcus Zuckerberg has become chummy with the president. Zuckerberg

537
00:44:32.840 --> 00:44:35.519
<v Speaker 1>met with Trump in the Oval office earlier this month.

538
00:44:36.400 --> 00:44:43.239
<v Speaker 1>Facebook gave money for the Inauguration Corruption Fund, and uh,

539
00:44:43.719 --> 00:44:46.119
<v Speaker 1>you know, as Zuckerberg has tried to convince Trump to

540
00:44:46.360 --> 00:44:50.800
<v Speaker 1>do to ask to range for settlement so that it

541
00:44:50.840 --> 00:44:56.440
<v Speaker 1>doesn't go for trial. So the one chance that we

542
00:44:56.519 --> 00:44:59.360
<v Speaker 1>won't get a Trump being as bad as a Biden

543
00:44:59.559 --> 00:45:04.599
<v Speaker 1>when it comes anti trust is cronyism. Is if Trump

544
00:45:04.840 --> 00:45:07.519
<v Speaker 1>is in a sense bribed in one way or another

545
00:45:08.239 --> 00:45:14.920
<v Speaker 1>to let Facebook not be broken. Up and just pay

546
00:45:14.960 --> 00:45:18.000
<v Speaker 1>a fee or something like that. Right, So settle with

547
00:45:18.239 --> 00:45:21.440
<v Speaker 1>a Facebook. So if that happens, you'll know why it happened.

548
00:45:21.519 --> 00:45:28.320
<v Speaker 1>It happened because Zuckerberg kissed the ring. Remember when Trump

549
00:45:28.360 --> 00:45:33.719
<v Speaker 1>a long time ago talked about draining the swamp. He's

550
00:45:33.760 --> 00:45:38.280
<v Speaker 1>making the swamp bigger. The swamp animals now are maybe different,

551
00:45:38.880 --> 00:45:41.599
<v Speaker 1>but there are plenty of them. There are lots and

552
00:45:41.719 --> 00:45:51.800
<v Speaker 1>lots and lots of them, lots of them. Okay, By

553
00:45:51.840 --> 00:45:57.000
<v Speaker 1>the way, what Edward is saying about dollars and trade

554
00:45:57.239 --> 00:46:00.320
<v Speaker 1>is just wrong. He's just getting the economics of it wrong.

555
00:46:00.400 --> 00:46:05.679
<v Speaker 1>So trade trade deficits the dinosipist the dollar. The dollar

556
00:46:05.760 --> 00:46:09.400
<v Speaker 1>up until Trump was, up until a month ago, the

557
00:46:09.519 --> 00:46:13.880
<v Speaker 1>dollar was at record levels. The dollar versus yen was

558
00:46:13.920 --> 00:46:16.039
<v Speaker 1>trading at one hundred and sixty yen to the dollar,

559
00:46:16.239 --> 00:46:19.280
<v Speaker 1>which was a record, well not a record of all time,

560
00:46:19.320 --> 00:46:22.679
<v Speaker 1>but it was very very high. The dollar was very

561
00:46:22.760 --> 00:46:26.239
<v Speaker 1>very strong visa VI the EU Europe. Even though we

562
00:46:26.280 --> 00:46:28.800
<v Speaker 1>want to a trade deficit with Europe. The dollar is

563
00:46:29.000 --> 00:46:33.199
<v Speaker 1>very strong. Was very strong related to the Canadian dollar,

564
00:46:33.719 --> 00:46:35.760
<v Speaker 1>in spite of the fact that the Canadian that we

565
00:46:35.800 --> 00:46:40.480
<v Speaker 1>want a trade deficit with Canada, the dollar is very strong, yeah,

566
00:46:40.599 --> 00:46:43.280
<v Speaker 1>very strong with regard to the UK, in spite of

567
00:46:43.280 --> 00:46:45.679
<v Speaker 1>the fact do we want a trade deficit. Maybe we

568
00:46:45.719 --> 00:46:47.880
<v Speaker 1>don't want a trade deficit with the UK. We certainly

569
00:46:47.920 --> 00:46:54.039
<v Speaker 1>do with and even so certainly with Canada, with EU,

570
00:46:54.280 --> 00:46:56.840
<v Speaker 1>with these others, the dollar is very strong versus these

571
00:46:56.880 --> 00:47:02.920
<v Speaker 1>really checked, you know, and so we run a trade

572
00:47:02.920 --> 00:47:06.599
<v Speaker 1>depiside with Israel. That's changed because as the taps have

573
00:47:06.679 --> 00:47:10.239
<v Speaker 1>come in, the dollar value has actually gone down significantly.

574
00:47:11.119 --> 00:47:13.719
<v Speaker 1>Even though theoretically should have gone up, it's gone down

575
00:47:13.760 --> 00:47:18.440
<v Speaker 1>because nobody wants the old dollars anymore. So the dollar

576
00:47:18.719 --> 00:47:23.119
<v Speaker 1>is it's Edward. You don't know economics, You just should

577
00:47:23.119 --> 00:47:27.800
<v Speaker 1>shut up. I mean, it's fascinating to me how everybody

578
00:47:27.880 --> 00:47:34.079
<v Speaker 1>has an opinion about fairly complex economic issues, right, I

579
00:47:34.079 --> 00:47:36.480
<v Speaker 1>mean the value of the dollar, how it works as

580
00:47:36.480 --> 00:47:39.920
<v Speaker 1>a reserve currency. You know what that actually means to

581
00:47:40.000 --> 00:47:43.480
<v Speaker 1>its value. The dollar has been a reserve currency since

582
00:47:43.559 --> 00:47:46.800
<v Speaker 1>nineteen seven, since World War Two. It was detached from

583
00:47:46.840 --> 00:47:50.199
<v Speaker 1>gold in seventy one, right, so it's been a fiat currency,

584
00:47:50.199 --> 00:47:54.159
<v Speaker 1>complete fiat currency, and a reserve currency since nineteen seventy one.

585
00:47:54.239 --> 00:47:57.840
<v Speaker 1>And yet the value of the dollar has flunctuated dramatically

586
00:47:58.159 --> 00:48:01.159
<v Speaker 1>during Neput. It's been very high, has been very low,

587
00:48:03.039 --> 00:48:05.079
<v Speaker 1>but it's still a reserve currency. It never changed the

588
00:48:05.119 --> 00:48:09.039
<v Speaker 1>fact that it was a reserve currency. The very fact

589
00:48:09.039 --> 00:48:12.400
<v Speaker 1>that I'm saying the dollar. The dollar was high, you know,

590
00:48:12.480 --> 00:48:19.960
<v Speaker 1>when Trump came into office, was very highly valued. Suggested

591
00:48:20.000 --> 00:48:24.440
<v Speaker 1>before it wasn't. So it functuates over time for all

592
00:48:24.519 --> 00:48:32.239
<v Speaker 1>kinds of reasons, geo political reasons, economic reasons. Relationship between

593
00:48:32.280 --> 00:48:35.920
<v Speaker 1>interest rates of bonds in different countries will determine the

594
00:48:36.000 --> 00:48:39.639
<v Speaker 1>value of the currency. Trade being one of the elements

595
00:48:39.639 --> 00:48:44.280
<v Speaker 1>within this soup of elements to determine the value of accurrency.

596
00:48:45.000 --> 00:48:46.920
<v Speaker 1>But this is the thing that happens in the world

597
00:48:46.920 --> 00:48:49.719
<v Speaker 1>in which we live today. You go to Twitter and

598
00:48:49.760 --> 00:48:53.039
<v Speaker 1>you eat a few tweets about the dollar, and you think, WHOA,

599
00:48:53.320 --> 00:48:56.039
<v Speaker 1>I am now an expert on economics, and I'm an

600
00:48:56.039 --> 00:48:58.920
<v Speaker 1>expert on trade, and I'm an expert on fear currencies,

601
00:48:59.159 --> 00:49:03.079
<v Speaker 1>and I'm going to go to somebody's stream or do

602
00:49:03.119 --> 00:49:08.440
<v Speaker 1>it on Twitter and explain to people, teach people how

603
00:49:08.480 --> 00:49:11.039
<v Speaker 1>the dollar value of the dollar gets determined global markets.

604
00:49:12.000 --> 00:49:16.320
<v Speaker 1>I mean the audacity of people to do that, and

605
00:49:16.639 --> 00:49:19.880
<v Speaker 1>I see thousands, tens of hundreds of thousands of people

606
00:49:19.880 --> 00:49:24.280
<v Speaker 1>doing it every day. Right, you actually have to know something,

607
00:49:25.079 --> 00:49:29.760
<v Speaker 1>You have to actually understand and know the different elements

608
00:49:29.760 --> 00:49:34.159
<v Speaker 1>that go into determining the value of a couvency. And then,

609
00:49:35.360 --> 00:49:41.159
<v Speaker 1>as Edward does, then you predict the economy in the future. Oh,

610
00:49:41.239 --> 00:49:43.000
<v Speaker 1>the value of the dollars going up? How do you

611
00:49:43.119 --> 00:49:47.519
<v Speaker 1>know that? By what standard? Do you understand the soup

612
00:49:47.599 --> 00:49:50.679
<v Speaker 1>that goes into determining dollar and you know with certainty

613
00:49:50.960 --> 00:49:52.760
<v Speaker 1>that it's going up? I mean, how much money have

614
00:49:52.840 --> 00:49:56.639
<v Speaker 1>you made in courncy trading? That would be the question, right,

615
00:49:56.679 --> 00:49:58.679
<v Speaker 1>if you know the dollars going up, why don't you

616
00:49:58.719 --> 00:50:02.119
<v Speaker 1>going onto the courvency exchange? Isn't buying dollars or shorting

617
00:50:02.119 --> 00:50:13.239
<v Speaker 1>other currencies. It's just mind boggling. The stupidity of the

618
00:50:13.280 --> 00:50:17.599
<v Speaker 1>culture we live in like this is the consequence of

619
00:50:18.400 --> 00:50:22.480
<v Speaker 1>we don't need experts. Experts overrated. The experts got it

620
00:50:22.519 --> 00:50:25.840
<v Speaker 1>wrong in COVID, so we don't need experts. Burn them all,

621
00:50:26.239 --> 00:50:32.840
<v Speaker 1>throw them into the sea. I mean, if you knew

622
00:50:33.280 --> 00:50:39.440
<v Speaker 1>even a fraction a fraction of what you claim to

623
00:50:39.480 --> 00:50:44.000
<v Speaker 1>know about economics and currencies and so on, how much

624
00:50:44.039 --> 00:50:46.400
<v Speaker 1>money have you made in the markets based on this

625
00:50:46.960 --> 00:50:56.800
<v Speaker 1>amazing knowledge that you have that nobody else has anyway?

626
00:50:58.920 --> 00:51:02.360
<v Speaker 1>I mean, that's a holy you about experts, which was

627
00:51:02.440 --> 00:51:09.400
<v Speaker 1>part of that debate between Dave Smith and Douglas Moray

628
00:51:09.719 --> 00:51:15.840
<v Speaker 1>on Joe Rogan and Douglas Muy's absolutely right, expertise does matter.

629
00:51:16.639 --> 00:51:19.079
<v Speaker 1>It doesn't mean you don't question the experts. It doesn't

630
00:51:19.119 --> 00:51:24.559
<v Speaker 1>mean you don't challenge them. But being an expert means something,

631
00:51:26.440 --> 00:51:28.519
<v Speaker 1>and the fact that you have an opinion that's counted

632
00:51:28.599 --> 00:51:32.079
<v Speaker 1>to the expert, you should most of the time keep

633
00:51:32.079 --> 00:51:38.599
<v Speaker 1>your mouth shut until you know more. The first thing

634
00:51:38.639 --> 00:51:40.199
<v Speaker 1>you should happen to you, and that happens to me

635
00:51:40.239 --> 00:51:42.239
<v Speaker 1>all the time when I having an opinion. It's different

636
00:51:42.280 --> 00:51:45.519
<v Speaker 1>than a lot of people who actually know something about

637
00:51:45.519 --> 00:51:49.159
<v Speaker 1>a particular field. Is I question myself first, and only

638
00:51:49.239 --> 00:51:51.559
<v Speaker 1>then after I prove it to myself do I question

639
00:51:52.239 --> 00:52:06.440
<v Speaker 1>the experts? Really, Mike says, audio is fine, but this

640
00:52:06.559 --> 00:52:09.280
<v Speaker 1>show crashes every forty five minutes and has to be

641
00:52:09.320 --> 00:52:11.960
<v Speaker 1>refreshed before I can watch further. Does that happen to

642
00:52:11.960 --> 00:52:14.960
<v Speaker 1>you in the past as well? Just this show today,

643
00:52:15.000 --> 00:52:19.400
<v Speaker 1>this actual show. Does anybody else getting that phenomena? Which

644
00:52:19.440 --> 00:52:24.760
<v Speaker 1>is weird. I hope it's not happening to all of you.

645
00:52:26.440 --> 00:52:30.960
<v Speaker 1>All right, So antitrust is moving, chugging ahead as if

646
00:52:31.000 --> 00:52:35.679
<v Speaker 1>we were still had Biden, no difference, no change, Biden

647
00:52:35.760 --> 00:52:40.039
<v Speaker 1>Trump when it comes to attacking American business, no difference.

648
00:52:40.119 --> 00:52:42.400
<v Speaker 1>I have no idea why it happens to you always, Mike,

649
00:52:42.679 --> 00:52:45.760
<v Speaker 1>that is where Mary Mary says yes, Neil kun Gaming

650
00:52:45.840 --> 00:52:54.039
<v Speaker 1>says no, Rand says no, Chaos says yes when he streams,

651
00:52:55.480 --> 00:53:03.199
<v Speaker 1>Hondo says yes, huh interesting, but Jennifer says fine. Mike

652
00:53:03.239 --> 00:53:08.159
<v Speaker 1>says every single show, but no other shows just me.

653
00:53:09.599 --> 00:53:13.800
<v Speaker 1>That's bizarre. I have no idea. I'll try to look

654
00:53:13.840 --> 00:53:16.239
<v Speaker 1>into it, but it's very hard to address a problem

655
00:53:16.280 --> 00:53:20.320
<v Speaker 1>that not everybody has, that only some people have. All right,

656
00:53:20.400 --> 00:53:23.639
<v Speaker 1>let's keep going. As you know, the Trumpet degistration is

657
00:53:23.679 --> 00:53:29.719
<v Speaker 1>going after universities. It is withholding funds from universities. We're

658
00:53:29.719 --> 00:53:34.920
<v Speaker 1>talking about primarily the Ivy League schools. We know about Columbia, Harvard.

659
00:53:35.000 --> 00:53:38.679
<v Speaker 1>Now nine billion dollars are being withheld. I think Cornell

660
00:53:39.519 --> 00:53:43.280
<v Speaker 1>and Northwestern. I think Cornell is about seven hundred and no.

661
00:53:43.440 --> 00:53:47.960
<v Speaker 1>Conal's about a billion in federal funding, and Northwestern is

662
00:53:48.000 --> 00:53:52.280
<v Speaker 1>seven hundred and ninety eight thout a million dollars being withheld.

663
00:53:52.360 --> 00:53:57.840
<v Speaker 1>Columbia basically a compromise with the government, no offer to compromise,

664
00:53:58.199 --> 00:54:02.000
<v Speaker 1>basically capitulated to most of the Gun demands, including placing

665
00:54:02.039 --> 00:54:07.360
<v Speaker 1>two departments on kind of academic supervision. The government, I

666
00:54:07.400 --> 00:54:10.760
<v Speaker 1>don't think is happy with that. And Trump administration actually

667
00:54:10.800 --> 00:54:15.119
<v Speaker 1>wants Columbia, the whole of Columbia to basically come under

668
00:54:16.320 --> 00:54:21.239
<v Speaker 1>federal oversight in terms of the content of what they teach,

669
00:54:22.159 --> 00:54:33.360
<v Speaker 1>which is super scary, super scary. But so that is

670
00:54:33.480 --> 00:54:37.920
<v Speaker 1>so that is happening with Columbia anyway, the same was

671
00:54:37.960 --> 00:54:41.679
<v Speaker 1>happening with Harvard. Harvard acquired that they eliminate all DEI,

672
00:54:42.360 --> 00:54:47.039
<v Speaker 1>did they screen international students supportive of terrorism and anti semitism,

673
00:54:47.360 --> 00:54:51.679
<v Speaker 1>And they also wanted Harvard. They wanted some oversight over

674
00:54:51.679 --> 00:54:54.400
<v Speaker 1>some of the courses at Harvard. Harvard basically has said no.

675
00:54:56.079 --> 00:55:01.920
<v Speaker 1>Harvard has said no. As they wrote, Although some of

676
00:55:01.920 --> 00:55:05.159
<v Speaker 1>the demands outlined by the government aimed at committing anti semitism,

677
00:55:05.760 --> 00:55:11.559
<v Speaker 1>the majority represent direct governmental regulation of the intellectual conditions

678
00:55:11.800 --> 00:55:16.119
<v Speaker 1>at Harvard. So there's going to be a confrontation now

679
00:55:16.119 --> 00:55:20.400
<v Speaker 1>Harvard is the richest university in the United States, and

680
00:55:20.599 --> 00:55:24.000
<v Speaker 1>it is going to be really interesting to see how

681
00:55:24.039 --> 00:55:29.079
<v Speaker 1>this plays out. Basically, Harvard is saying, well, private institution.

682
00:55:32.119 --> 00:55:35.480
<v Speaker 1>Again to quote Harvard, no government, regardless of which party

683
00:55:35.559 --> 00:55:40.000
<v Speaker 1>is in power, should dictate what private universities can teach,

684
00:55:40.559 --> 00:55:43.280
<v Speaker 1>whom they can admit and hire, and which areas of

685
00:55:43.400 --> 00:55:47.880
<v Speaker 1>study an inquiry they can pursue. That is a great statement,

686
00:55:47.960 --> 00:55:52.880
<v Speaker 1>that's true. And then the next question is how do

687
00:55:52.960 --> 00:55:55.679
<v Speaker 1>we create a system where these universities don't get any

688
00:55:56.119 --> 00:55:58.440
<v Speaker 1>money from the government, so they don't depend on the

689
00:55:58.480 --> 00:56:02.519
<v Speaker 1>government in any kind of way. And that is all

690
00:56:02.559 --> 00:56:04.760
<v Speaker 1>now coming to a head. So this is going to

691
00:56:04.800 --> 00:56:08.480
<v Speaker 1>be really interesting to see as the Trump administration tries

692
00:56:08.599 --> 00:56:17.639
<v Speaker 1>to regulate their content being taught at private universities. It's

693
00:56:18.360 --> 00:56:25.480
<v Speaker 1>pretty scary. Again, again pretty scary. And of course, since

694
00:56:25.519 --> 00:56:29.719
<v Speaker 1>one they issue of free speech, here we go again,

695
00:56:31.039 --> 00:56:38.760
<v Speaker 1>more free speech issues. As Donald Trump wrote almost every

696
00:56:38.800 --> 00:56:41.559
<v Speaker 1>week sixty Minutes, which is being sued for billions of

697
00:56:41.599 --> 00:56:44.199
<v Speaker 1>dollars for the fraud they committed in the twenty twenty

698
00:56:44.199 --> 00:56:47.760
<v Speaker 1>four presidential election. With their interview of failed presidential candidate

699
00:56:47.800 --> 00:56:50.920
<v Speaker 1>Kamala Harris mentions the name Trump in a derogatory and

700
00:56:51.000 --> 00:56:55.719
<v Speaker 1>defamatory way. But this weekend's broadcast tops them all. They

701
00:56:55.719 --> 00:56:59.719
<v Speaker 1>did not one, but two major stories on Trump all caps,

702
00:57:00.239 --> 00:57:02.599
<v Speaker 1>one having to do with Ukraine, which I say is

703
00:57:02.639 --> 00:57:05.079
<v Speaker 1>a war that would never have happened if the twenty

704
00:57:05.079 --> 00:57:08.679
<v Speaker 1>twenty election had not been rigged, in other words, if

705
00:57:08.719 --> 00:57:12.000
<v Speaker 1>I were president. And the other story was having God

706
00:57:12.039 --> 00:57:14.119
<v Speaker 1>this is a long sentence, was having to do with

707
00:57:14.199 --> 00:57:19.199
<v Speaker 1>Greenland casting out country as led by me, falsely, inaccurately,

708
00:57:19.239 --> 00:57:24.639
<v Speaker 1>and fraudulently President of the United States. Ladies and gentlemen,

709
00:57:25.320 --> 00:57:28.320
<v Speaker 1>I am so honored to be suing sixty minutes CBS

710
00:57:28.360 --> 00:57:32.440
<v Speaker 1>fake news and paramount for the fraudulent, beyond recognition reporting.

711
00:57:33.000 --> 00:57:37.000
<v Speaker 1>They did everything possible to illegally elect Kamala, including completely

712
00:57:37.039 --> 00:57:42.280
<v Speaker 1>and corruptly changing major answers to interview questions, but it

713
00:57:42.599 --> 00:57:45.760
<v Speaker 1>just didn't work for them. They are not a news

714
00:57:45.800 --> 00:57:50.840
<v Speaker 1>show but a dishonest political operative simply disguised as news,

715
00:57:50.960 --> 00:57:53.239
<v Speaker 1>and must be responsible for what they have done and

716
00:57:53.320 --> 00:57:57.800
<v Speaker 1>are doing. They should lose their license, Hopefully the FCC

717
00:57:58.559 --> 00:58:03.840
<v Speaker 1>FCC is organization his administration as headed by the highly

718
00:58:03.880 --> 00:58:07.800
<v Speaker 1>respected Chim and Brandon Karr. His Chim will impose the

719
00:58:07.840 --> 00:58:11.920
<v Speaker 1>maximum fines and punishments, which is substantial for the unlawful

720
00:58:12.000 --> 00:58:15.159
<v Speaker 1>and illegal behavior. CBS is out of control at levels

721
00:58:15.280 --> 00:58:17.920
<v Speaker 1>never seen before, and they should pay a big price

722
00:58:17.960 --> 00:58:21.400
<v Speaker 1>for this. Make America great again. In other words, they

723
00:58:21.440 --> 00:58:25.559
<v Speaker 1>criticize me, they said nasty things about me, they maybe

724
00:58:25.639 --> 00:58:29.840
<v Speaker 1>even said false things about me. They should lose their license,

725
00:58:30.840 --> 00:58:36.079
<v Speaker 1>they should be fined. And by the way, I'm suing

726
00:58:36.119 --> 00:58:39.239
<v Speaker 1>them in court, which he won't win, but it won't

727
00:58:39.239 --> 00:58:42.559
<v Speaker 1>make it a court because CBS will probably settle because

728
00:58:42.599 --> 00:58:47.599
<v Speaker 1>they don't want to be shut. Now. Now, this is

729
00:58:47.960 --> 00:58:54.800
<v Speaker 1>Victor Auban, This is putin. You slowly systematically attack the media.

730
00:58:55.639 --> 00:59:02.440
<v Speaker 1>You slowly systematically take away their ability to broadcast, their

731
00:59:02.440 --> 00:59:07.920
<v Speaker 1>ability to operate. The media that survives you hand off

732
00:59:07.920 --> 00:59:12.239
<v Speaker 1>to your buddies and friends. And then soon enough you

733
00:59:12.280 --> 00:59:17.760
<v Speaker 1>wake up and the entire media is Trump's friends, is

734
00:59:17.800 --> 00:59:21.159
<v Speaker 1>Trump friendly, and there's no criticism. And it's not the

735
00:59:21.199 --> 00:59:26.320
<v Speaker 1>criticism is officially banned. It's no like law that says

736
00:59:26.320 --> 00:59:28.960
<v Speaker 1>you can't criticize the government. But there just isn't any

737
00:59:29.000 --> 00:59:33.760
<v Speaker 1>criticism because everybody who has been critical has been fined

738
00:59:34.119 --> 00:59:39.519
<v Speaker 1>or fired or you know, made to understand they should stop.

739
00:59:39.679 --> 00:59:45.199
<v Speaker 1>Maybe they're in an El SALVADORI in jail. This is

740
00:59:45.239 --> 00:59:49.800
<v Speaker 1>a direct attack on the First Amendment. I hope this

741
00:59:49.880 --> 00:59:52.599
<v Speaker 1>goes to the Supreme Court, not that it seems to

742
00:59:52.599 --> 01:00:01.320
<v Speaker 1>matter that much. And you know, no matter who the

743
01:00:01.320 --> 01:00:05.280
<v Speaker 1>president is, you do not threaten the media. Now Obama

744
01:00:05.320 --> 01:00:08.280
<v Speaker 1>did this once. Trump did this many times during his

745
01:00:08.360 --> 01:00:14.280
<v Speaker 1>first term. But he is clearly clearly ramping it up

746
01:00:14.559 --> 01:00:21.920
<v Speaker 1>this time, dramatically ramping it up much worse, going after them. So,

747
01:00:24.400 --> 01:00:29.079
<v Speaker 1>uh yeah, this is not good. This is not good.

748
01:00:30.480 --> 01:00:36.639
<v Speaker 1>You might hate the mainstream media, but the mainstream media

749
01:00:36.800 --> 01:00:40.280
<v Speaker 1>is important to their existence, is important for free speech,

750
01:00:40.320 --> 01:00:43.599
<v Speaker 1>and the government starting to regulate mainstream media in terms

751
01:00:43.639 --> 01:00:52.559
<v Speaker 1>of this speech is a unmitigated disaster and unconstitutional. Now

752
01:00:53.480 --> 01:00:55.639
<v Speaker 1>add to that the fact that is as much as

753
01:00:55.880 --> 01:00:59.599
<v Speaker 1>the ancient media is biased and often lies, Trump lies

754
01:00:59.639 --> 01:01:02.880
<v Speaker 1>a lot more than the mainstream media does. He his

755
01:01:03.000 --> 01:01:06.599
<v Speaker 1>lies on a completely different scale than anybody in the media.

756
01:01:09.960 --> 01:01:21.119
<v Speaker 1>So anyway, this is again scary stuff. I continue to say.

757
01:01:22.039 --> 01:01:27.280
<v Speaker 1>You know, Trump is the most dangerous president we've I

758
01:01:27.280 --> 01:01:35.079
<v Speaker 1>think ever had. All right, let's see, just just adjacent

759
01:01:35.079 --> 01:01:37.599
<v Speaker 1>to that. You remember the that woman, the student of

760
01:01:37.639 --> 01:01:41.440
<v Speaker 1>tough Te University who wrote a not bad criticizing Israel

761
01:01:41.559 --> 01:01:45.119
<v Speaker 1>and was picked up by ice unmanned you know, men

762
01:01:45.159 --> 01:01:50.159
<v Speaker 1>with masks, unmarked car and she was detained. Well, the

763
01:01:50.199 --> 01:01:56.800
<v Speaker 1>government is now admitted, admitted that she has no links

764
01:01:56.800 --> 01:02:01.719
<v Speaker 1>to terror organizations, uh, and that she was not engaged

765
01:02:03.760 --> 01:02:06.960
<v Speaker 1>she was not engaged in any anti Semitic activities or

766
01:02:07.039 --> 01:02:10.719
<v Speaker 1>any activities that could be deemed supporting of terrorism. She

767
01:02:11.000 --> 01:02:13.880
<v Speaker 1>co wrote and our bad criticizing Israel. Now it was

768
01:02:13.880 --> 01:02:15.800
<v Speaker 1>a bad op ad and she's you know, it's a

769
01:02:15.840 --> 01:02:19.519
<v Speaker 1>stupid idea and it was all of that. But okay,

770
01:02:19.760 --> 01:02:21.880
<v Speaker 1>that's what free speech means. People can publish stuff that

771
01:02:21.880 --> 01:02:25.880
<v Speaker 1>I don't agree with the State Department has no evidence

772
01:02:25.960 --> 01:02:29.360
<v Speaker 1>linking her to terrorism anti Semitism, yet her deputation is

773
01:02:29.400 --> 01:02:33.119
<v Speaker 1>being pursued under the legal provision of the Immigration and

774
01:02:33.239 --> 01:02:36.679
<v Speaker 1>Nationality Act from the Cold War era. This is she's

775
01:02:36.719 --> 01:02:47.079
<v Speaker 1>a national security threat. So yeah, anyway, that is more

776
01:02:47.800 --> 01:02:55.159
<v Speaker 1>attack on free speech. What happens when your speech, my

777
01:02:55.320 --> 01:03:01.280
<v Speaker 1>speech gets viewed as in danger doing national security in

778
01:03:01.320 --> 01:03:16.920
<v Speaker 1>some way? What happens then? All right, finally we've talked

779
01:03:16.960 --> 01:03:20.800
<v Speaker 1>about this story, but it keeps developing. It keeps getting worse.

780
01:03:21.320 --> 01:03:26.400
<v Speaker 1>You remember Trump issuing or signing executive orders for the

781
01:03:26.519 --> 01:03:30.880
<v Speaker 1>Justice wanted to go after law firms that he deems

782
01:03:30.960 --> 01:03:36.039
<v Speaker 1>as being a PC, that he accuses of supporting the

783
01:03:36.199 --> 01:03:40.559
<v Speaker 1>enemy Democrats. He wants the government to go after them.

784
01:03:40.639 --> 01:03:44.119
<v Speaker 1>He's taken away their privileges to argue in courts and

785
01:03:44.199 --> 01:03:48.840
<v Speaker 1>in federal buildings and things like that. Well, if you

786
01:03:48.840 --> 01:03:53.920
<v Speaker 1>remember Paul Weiss, that company came the head of the

787
01:03:53.920 --> 01:03:58.280
<v Speaker 1>company came met with what medical tripe and agreed to

788
01:03:59.039 --> 01:04:04.199
<v Speaker 1>basically provide forty million dollars of legal services to causes

789
01:04:04.599 --> 01:04:14.079
<v Speaker 1>that supported the Trump agenda. And as a consequence, Trump

790
01:04:14.360 --> 01:04:18.320
<v Speaker 1>rescinded the executive order against the firm and allowed them

791
01:04:18.400 --> 01:04:24.880
<v Speaker 1>to fully practice. Well, now we have nine more firms,

792
01:04:26.400 --> 01:04:28.559
<v Speaker 1>eight more firms. They're nine in total, eight more firms

793
01:04:29.360 --> 01:04:36.760
<v Speaker 1>who have basically signed deals with Trump. Combined, they are

794
01:04:36.800 --> 01:04:43.920
<v Speaker 1>pledging nine hundred and forty million dollars, nine hundred and

795
01:04:44.000 --> 01:04:51.480
<v Speaker 1>forty million dollars, just short of a billion to provide

796
01:04:51.639 --> 01:05:04.360
<v Speaker 1>pro bono legal work for causes that support Donald Trump's agenda.

797
01:05:04.960 --> 01:05:09.760
<v Speaker 1>I mean, nobody seems to care. This is not a headliner,

798
01:05:09.840 --> 01:05:12.559
<v Speaker 1>This is not making the news. You have to find

799
01:05:12.559 --> 01:05:21.679
<v Speaker 1>it buried somewhere. Law firms basically paying Trump to ascend

800
01:05:21.719 --> 01:05:25.480
<v Speaker 1>an executive order that would have constrained their ability to

801
01:05:25.599 --> 01:05:31.119
<v Speaker 1>practice their profession, and they were singled out, they were

802
01:05:31.239 --> 01:05:33.960
<v Speaker 1>named by name. It wasn't the whole legal profession, but

803
01:05:34.119 --> 01:05:42.599
<v Speaker 1>just some. I mean, this is so outrageous. There is

804
01:05:42.599 --> 01:05:47.159
<v Speaker 1>a sense of which I'm speechless. It's unbelievable. I mean,

805
01:05:48.199 --> 01:05:53.840
<v Speaker 1>so you've replaced the military, You've Congress is ineffectual, They're

806
01:05:53.840 --> 01:05:56.079
<v Speaker 1>not going to criticize you at all. And now you

807
01:05:56.199 --> 01:06:00.039
<v Speaker 1>basically eviscerated nine of the largest law firms in the

808
01:06:00.079 --> 01:06:03.519
<v Speaker 1>country and created a massive distancentive for the other law

809
01:06:03.519 --> 01:06:07.320
<v Speaker 1>firms to sue your administration, to challenge it, to go

810
01:06:07.400 --> 01:06:12.960
<v Speaker 1>after it in any kind of way. You're basically turning

811
01:06:13.000 --> 01:06:17.880
<v Speaker 1>the entire law profession basically telling if you go after me,

812
01:06:18.400 --> 01:06:22.920
<v Speaker 1>you after my interests, We're coming after you now. To

813
01:06:23.000 --> 01:06:27.559
<v Speaker 1>their credit, there are three prestigious law firms that have

814
01:06:27.679 --> 01:06:30.400
<v Speaker 1>opted to fight the threats in court at least for now,

815
01:06:31.000 --> 01:06:37.880
<v Speaker 1>rather than can make a deal. But it's unbelievable to me.

816
01:06:37.960 --> 01:06:40.280
<v Speaker 1>And what's unbelievable to me is that nobody's used this

817
01:06:40.400 --> 01:06:50.280
<v Speaker 1>as a major event. I mean, we're I mean, really

818
01:06:50.360 --> 01:06:58.639
<v Speaker 1>are inching towards authoritarianism here without anybody caring, literally without

819
01:06:59.000 --> 01:07:00.880
<v Speaker 1>I mean, you know why. It's in the streets and

820
01:07:00.920 --> 01:07:04.599
<v Speaker 1>other demonstrations. Even the newspapers they're being on tariffs. They

821
01:07:04.639 --> 01:07:06.239
<v Speaker 1>talk a lot about tariffs, and maybe they'll talk a

822
01:07:06.280 --> 01:07:09.400
<v Speaker 1>lot about uh, you know the guy, you know, Salvadult

823
01:07:09.400 --> 01:07:11.719
<v Speaker 1>and I'll talk about that for a few days. But

824
01:07:11.840 --> 01:07:17.800
<v Speaker 1>this is happening to American law firms, and nobody cares.

825
01:07:22.159 --> 01:07:31.239
<v Speaker 1>Nobody cares. I don't know. What can you do, Bonnie.

826
01:07:32.039 --> 01:07:37.519
<v Speaker 1>This is what Americans elected, and what can you do?

827
01:07:38.119 --> 01:07:39.679
<v Speaker 1>Here's the things you can do. You can call your

828
01:07:39.719 --> 01:07:43.599
<v Speaker 1>congressman up and tell them to go some balls. You

829
01:07:43.599 --> 01:07:46.360
<v Speaker 1>can call your congressman up and tell them you want

830
01:07:46.440 --> 01:07:51.000
<v Speaker 1>them to challenge Trump. You want them to, for example,

831
01:07:51.480 --> 01:08:00.480
<v Speaker 1>you want them to return tariff power to Congress. You

832
01:08:00.599 --> 01:08:06.119
<v Speaker 1>want them to consider impeaching Trump on this massive, massive

833
01:08:06.559 --> 01:08:12.400
<v Speaker 1>power grab that he is entailed engaged in. All you

834
01:08:12.440 --> 01:08:15.920
<v Speaker 1>can do is call your congressman, write, let us to

835
01:08:15.960 --> 01:08:18.800
<v Speaker 1>the editor. Those are the things you can do. That's

836
01:08:18.800 --> 01:08:28.119
<v Speaker 1>about it. What else can we do. We can't elect

837
01:08:28.159 --> 01:08:33.199
<v Speaker 1>him out, we can't vote him out of office. He's

838
01:08:33.239 --> 01:08:36.760
<v Speaker 1>already there. Next time. Next time, you can remind everybody

839
01:08:36.760 --> 01:08:38.760
<v Speaker 1>of how bad he is and maybe that vote him

840
01:08:38.760 --> 01:08:43.760
<v Speaker 1>out office. But for now he's there and we're stuck

841
01:08:43.760 --> 01:08:47.479
<v Speaker 1>with him. You can call your newspaper and say, why

842
01:08:47.479 --> 01:08:50.560
<v Speaker 1>an't you covering the story. You can write letters to

843
01:08:50.600 --> 01:08:54.760
<v Speaker 1>the editor. Here's the thing, guys, and this is reality.

844
01:08:55.479 --> 01:09:00.159
<v Speaker 1>You can do something. What did Michael the other day say,

845
01:09:00.239 --> 01:09:02.319
<v Speaker 1>you know, if I called on my followers to go

846
01:09:02.359 --> 01:09:04.680
<v Speaker 1>out into the streets, we'd get five thousand people out there.

847
01:09:05.439 --> 01:09:07.800
<v Speaker 1>I doubt it, But here's what I'll call on you.

848
01:09:09.000 --> 01:09:13.359
<v Speaker 1>Start writing letters the editor, Start writing letters to your congressman,

849
01:09:14.119 --> 01:09:16.520
<v Speaker 1>Start calling him up and bugging the hell out of him.

850
01:09:17.680 --> 01:09:21.039
<v Speaker 1>Get politically active, not in the sense of joining a

851
01:09:21.039 --> 01:09:26.760
<v Speaker 1>political party, but you vote. You have a district, you

852
01:09:26.800 --> 01:09:31.119
<v Speaker 1>have a congressman. Make sure he hears from you that

853
01:09:31.159 --> 01:09:41.079
<v Speaker 1>what Trump is doing is unacceptable, despicable. Now, who said

854
01:09:41.079 --> 01:09:46.399
<v Speaker 1>there won't be a next time? Bannon keeps saying every

855
01:09:46.399 --> 01:09:48.600
<v Speaker 1>interview that Trump will run in twenty eight and win

856
01:09:48.680 --> 01:09:55.119
<v Speaker 1>in twenty eight. At the rate Trump is going, What

857
01:09:55.840 --> 01:09:58.560
<v Speaker 1>is going to stop him? Exactly? Who's going to stop him? Congress? No,

858
01:09:59.119 --> 01:10:01.560
<v Speaker 1>the courts here, you know them. Who's going to stop

859
01:10:01.600 --> 01:10:04.720
<v Speaker 1>him if he decides to do it. The military, No,

860
01:10:04.840 --> 01:10:13.800
<v Speaker 1>the FBI, Justice Department no. So it's now to put

861
01:10:13.840 --> 01:10:20.680
<v Speaker 1>pressure on Congress. Trump himself is not ruled out running

862
01:10:20.680 --> 01:10:22.960
<v Speaker 1>again in twenty twenty eight, even though he knows there's

863
01:10:22.960 --> 01:10:28.399
<v Speaker 1>a constitutional amendment prohibiting him for doing it. He doesn't care.

864
01:10:30.359 --> 01:10:38.720
<v Speaker 1>He doesn't care. All right, guys, that is you are

865
01:10:38.760 --> 01:10:43.119
<v Speaker 1>the news for this Monday, April fourteenth. I told you

866
01:10:43.119 --> 01:10:45.359
<v Speaker 1>there's no good news. It's just all depressing. There was

867
01:10:45.399 --> 01:10:50.800
<v Speaker 1>one positive news story, where was it? All right, let's

868
01:10:50.880 --> 01:10:58.000
<v Speaker 1>do this. There's a new gene editing therapy that you

869
01:10:58.000 --> 01:11:06.680
<v Speaker 1>know basically works to suppress the liver's regulation of cholesterol.

870
01:11:08.119 --> 01:11:11.680
<v Speaker 1>So it it is just being shown in a small trial.

871
01:11:11.880 --> 01:11:15.920
<v Speaker 1>Gene therapy is always small trials, that a shot of

872
01:11:15.960 --> 01:11:22.279
<v Speaker 1>this will reduce cholesterol by fifty three percent. Now this

873
01:11:22.359 --> 01:11:26.720
<v Speaker 1>is still phase one trials. It's very early, and we're

874
01:11:26.720 --> 01:11:29.000
<v Speaker 1>talking about bad cholesterol. We're talking about so called bad

875
01:11:29.079 --> 01:11:34.439
<v Speaker 1>the LDL cholisto. We're talking about LDL cholesterol. So in

876
01:11:34.479 --> 01:11:37.560
<v Speaker 1>this study they managed to get a fifty three percent

877
01:11:37.600 --> 01:11:46.119
<v Speaker 1>reduction in cholesterol of LDL without any side effects. You know,

878
01:11:46.199 --> 01:11:49.159
<v Speaker 1>it's it's it's the first trials of a drug of

879
01:11:49.159 --> 01:11:52.640
<v Speaker 1>a gene therapy. This is something that affects your genes.

880
01:11:52.680 --> 01:11:58.600
<v Speaker 1>It affects the genes of the pc PCSK nine gene

881
01:11:59.000 --> 01:12:04.000
<v Speaker 1>in the liver. It affects that directly. So this is

882
01:12:04.039 --> 01:12:09.760
<v Speaker 1>a major breakthrough. It could involve like an injection, an infusion,

883
01:12:09.800 --> 01:12:15.159
<v Speaker 1>I guess, an infusion you know, once every few months,

884
01:12:15.319 --> 01:12:19.840
<v Speaker 1>and you could have dramatically lower cholesterol l d L

885
01:12:19.920 --> 01:12:24.359
<v Speaker 1>cholesterol LDL cholesterol for the most part, holding some things

886
01:12:24.439 --> 01:12:31.479
<v Speaker 1>constant is a major predictor of heart disease, of of

887
01:12:31.479 --> 01:12:35.159
<v Speaker 1>of problems in the heart. So getting that under control,

888
01:12:35.239 --> 01:12:40.800
<v Speaker 1>getting that down that the the the best measure from

889
01:12:40.880 --> 01:12:44.520
<v Speaker 1>what I can tell from doctors for your for your

890
01:12:44.960 --> 01:12:50.159
<v Speaker 1>risk of heart disease is your apo B level of

891
01:12:50.159 --> 01:12:52.840
<v Speaker 1>the apo B. It again relates to cholesterol into into

892
01:12:52.920 --> 01:12:58.600
<v Speaker 1>the ability to create clogs, calcification of your of your uteries.

893
01:13:00.279 --> 01:13:04.760
<v Speaker 1>This drug with low YOI prob be dramatically fifty is huge, huge,

894
01:13:04.760 --> 01:13:07.640
<v Speaker 1>and some people have very very very high collection will

895
01:13:07.680 --> 01:13:13.960
<v Speaker 1>have huge, very high risk of heart disease. Uh and

896
01:13:14.000 --> 01:13:18.520
<v Speaker 1>this could this could be a lifesaver, all right, guys,

897
01:13:18.960 --> 01:13:22.760
<v Speaker 1>I remind you a few things. Alex Epstein is a

898
01:13:22.920 --> 01:13:29.239
<v Speaker 1>sponsor of the Iron Book Show. His substack is Alex

899
01:13:29.239 --> 01:13:33.079
<v Speaker 1>Epstein dot substack dot com. Substick is amazing. It gives

900
01:13:33.079 --> 01:13:35.159
<v Speaker 1>you kind of the the info you won't read anywhere

901
01:13:35.239 --> 01:13:39.439
<v Speaker 1>else about both the state of American energy, electricity, the grid,

902
01:13:39.800 --> 01:13:45.479
<v Speaker 1>power production, and drilling, and the solutions to how to

903
01:13:45.640 --> 01:13:49.359
<v Speaker 1>dramatically improve the grid and electricity and all that stuff

904
01:13:49.439 --> 01:13:53.800
<v Speaker 1>right power generation. There is nobody better, there's nobody more knowledgeable.

905
01:13:54.359 --> 01:13:56.720
<v Speaker 1>And he does it in a way that he provides

906
01:13:56.800 --> 01:13:58.720
<v Speaker 1>you are talking points. So when you get stuck in

907
01:13:58.760 --> 01:14:03.079
<v Speaker 1>that pass over dinner, those of you go to pass

908
01:14:03.119 --> 01:14:07.640
<v Speaker 1>over dinners and those family members are complaining about fossil

909
01:14:07.720 --> 01:14:11.079
<v Speaker 1>fuels and climate change, Alex will provide you with the

910
01:14:11.119 --> 01:14:15.000
<v Speaker 1>talking points to shut them down. Just shut them down.

911
01:14:15.479 --> 01:14:19.520
<v Speaker 1>So sign up Alex Epstein dot substack dot com. Alex

912
01:14:19.600 --> 01:14:22.520
<v Speaker 1>is great. And then the Dinern Institute is offering the

913
01:14:22.600 --> 01:14:25.279
<v Speaker 1>listeners of the Ion brook Show The Ion Brooks Show

914
01:14:25.640 --> 01:14:30.520
<v Speaker 1>an exclusive discount for ocon the objective confidence that the

915
01:14:30.720 --> 01:14:34.720
<v Speaker 1>conferences that is happening in Boston, Massachusetts in July, I

916
01:14:34.720 --> 01:14:37.000
<v Speaker 1>think July first to fifth. Over the fifth of July

917
01:14:37.079 --> 01:14:41.279
<v Speaker 1>weekend and it is an amazing conference. I'll be there.

918
01:14:41.279 --> 01:14:44.279
<v Speaker 1>I'll be speaking on the opening day. There's lots of events.

919
01:14:44.319 --> 01:14:46.520
<v Speaker 1>You can play Poco with me. We'll be playing PoCA.

920
01:14:46.840 --> 01:14:48.640
<v Speaker 1>It'll be a blast. It'll be a lot of fun.

921
01:14:49.439 --> 01:14:54.399
<v Speaker 1>And anyway you can. You can get a ten percent

922
01:14:54.439 --> 01:14:58.239
<v Speaker 1>discount by signing up for the conference and in the

923
01:14:58.279 --> 01:15:01.000
<v Speaker 1>space where it gives you to put in a discount code,

924
01:15:01.279 --> 01:15:07.000
<v Speaker 1>put twenty five. That's from the year ybs. That's US ten.

925
01:15:07.319 --> 01:15:09.640
<v Speaker 1>That's a ten percent disco. I don't think if you

926
01:15:09.640 --> 01:15:11.760
<v Speaker 1>put in twenty five ybs twenty five you get a

927
01:15:11.800 --> 01:15:15.000
<v Speaker 1>twenty five percent discoun but you can try ten will

928
01:15:15.079 --> 01:15:28.560
<v Speaker 1>work twenty five? I'm not guaranteed. All right, whoops? What

929
01:15:28.600 --> 01:15:32.840
<v Speaker 1>did I do? Also, we are way behind on the

930
01:15:32.880 --> 01:15:36.039
<v Speaker 1>super chat. What's up guys? Forget your wallets at home

931
01:15:36.760 --> 01:15:40.520
<v Speaker 1>or wherever. It is so way behind on the superchat.

932
01:15:40.600 --> 01:15:44.640
<v Speaker 1>Please consider supporting the show value for value. This show

933
01:15:44.720 --> 01:15:47.359
<v Speaker 1>is funded listeners like you. You can do it on Patreon

934
01:15:47.880 --> 01:15:51.119
<v Speaker 1>or PayPal on a monthly basis, or you can come

935
01:15:51.159 --> 01:15:54.479
<v Speaker 1>over to YouTube and you can ask a question or

936
01:15:55.199 --> 01:15:57.079
<v Speaker 1>and get an answer, or you can come out of

937
01:15:57.119 --> 01:16:00.640
<v Speaker 1>YouTube and do a sticker and participate that way. One

938
01:16:00.680 --> 01:16:03.479
<v Speaker 1>way or the other. You can't support the show, no excuses.

939
01:16:03.760 --> 01:16:06.039
<v Speaker 1>We got one hundred and fifty seven watching on YouTube,

940
01:16:06.399 --> 01:16:11.840
<v Speaker 1>two hundred and something on Twitter. We should be doing

941
01:16:11.880 --> 01:16:16.239
<v Speaker 1>better than we are. And of course, finally, yes, I

942
01:16:16.359 --> 01:16:20.039
<v Speaker 1>highly highly value those of you who support the show

943
01:16:20.279 --> 01:16:23.760
<v Speaker 1>on Patreon. So please go to patreon dot com you

944
01:16:23.880 --> 01:16:26.600
<v Speaker 1>on book show and become a monthly contributor. That is

945
01:16:26.640 --> 01:16:29.800
<v Speaker 1>an enormous, ornormous help. I'll also remind you again that

946
01:16:29.840 --> 01:16:32.279
<v Speaker 1>we do have a show tonight at eight pm East

947
01:16:32.319 --> 01:16:35.199
<v Speaker 1>Coast Tein with Christina Laporte. We'll be talking about her novels.

948
01:16:35.520 --> 01:16:39.920
<v Speaker 1>We'll be talking about some issues political, Yeah, political issues

949
01:16:39.920 --> 01:16:41.680
<v Speaker 1>that are brought up in the novels that I think

950
01:16:41.720 --> 01:16:45.119
<v Speaker 1>are interesting. We'll be talking about our future novels, so yeah,

951
01:16:45.199 --> 01:16:52.119
<v Speaker 1>we'll be talking to Christina about her career, her career

952
01:16:52.239 --> 01:16:55.279
<v Speaker 1>in medicine and how that got it into a career

953
01:16:55.279 --> 01:16:59.439
<v Speaker 1>in literature. I think you'll be very inspired. Here's somebody

954
01:16:59.680 --> 01:17:02.840
<v Speaker 1>who he turned to literature very late in life and

955
01:17:02.880 --> 01:17:08.039
<v Speaker 1>has been successful in writing her thrillers and getting them published.

956
01:17:09.680 --> 01:17:14.600
<v Speaker 1>All Right, Mike Miller is now saying that Abrego Garcia

957
01:17:14.920 --> 01:17:17.760
<v Speaker 1>was found by a court to be an MS thirteen

958
01:17:17.880 --> 01:17:20.479
<v Speaker 1>in twenty nineteen. I assume he's bending the truth. Yes

959
01:17:20.520 --> 01:17:24.079
<v Speaker 1>he is. He was accused of being a member of

960
01:17:24.199 --> 01:17:27.000
<v Speaker 1>MS thirteen, which he denied and continues to deny, and

961
01:17:27.880 --> 01:17:31.600
<v Speaker 1>it was never proven he was a member, and he

962
01:17:31.720 --> 01:17:34.680
<v Speaker 1>wasn't kicked out of the country because it was proven

963
01:17:34.720 --> 01:17:37.439
<v Speaker 1>he was a member. So he was accused of Miller,

964
01:17:38.720 --> 01:17:44.399
<v Speaker 1>just like his boss lies all the time. Oh, we've

965
01:17:44.399 --> 01:17:46.560
<v Speaker 1>got a question here by a different Miller. This is

966
01:17:46.640 --> 01:17:51.680
<v Speaker 1>not that Miller. This is Jeffrey. Hey, Jeffy, it's frustrating

967
01:17:51.720 --> 01:17:55.239
<v Speaker 1>to hear in defense of tariffs that consumers pay only

968
01:17:55.279 --> 01:17:59.159
<v Speaker 1>a small percent of tariffs. What about the businesses? Well,

969
01:17:59.199 --> 01:18:01.239
<v Speaker 1>I'm not sure. Why do you think consumers pay only

970
01:18:01.479 --> 01:18:07.520
<v Speaker 1>a small percentage of the tariffs? Basically, either consumers are

971
01:18:07.520 --> 01:18:10.920
<v Speaker 1>paying it, or the importers the people who buy it

972
01:18:10.960 --> 01:18:14.000
<v Speaker 1>from China and then sell it to businesses or sell

973
01:18:14.039 --> 01:18:18.399
<v Speaker 1>it to individuals, their profit margin shrink, or the American

974
01:18:18.560 --> 01:18:23.159
<v Speaker 1>small businesses who sell it to customers their profit margin shrinks.

975
01:18:23.800 --> 01:18:29.119
<v Speaker 1>Or it's possible that the Chinese, you know, nobody is

976
01:18:29.159 --> 01:18:31.600
<v Speaker 1>buying their products and they will reduce the prices and

977
01:18:31.640 --> 01:18:35.720
<v Speaker 1>their profit margin shrinks. But all the empirical evidents suggest

978
01:18:36.600 --> 01:18:40.239
<v Speaker 1>that the brunt of this, the biggest share of the

979
01:18:40.319 --> 01:18:47.279
<v Speaker 1>tariffs is borne by consumers. And now in some cases

980
01:18:47.359 --> 01:18:50.039
<v Speaker 1>it won't be because the small businesses will go out

981
01:18:50.079 --> 01:18:53.159
<v Speaker 1>of business, so the consumers will never buy the stuff

982
01:18:53.880 --> 01:18:57.479
<v Speaker 1>and the businesses will just go out to business. But

983
01:18:58.479 --> 01:19:02.119
<v Speaker 1>short of that, most businesses who buy from China and

984
01:19:02.159 --> 01:19:06.159
<v Speaker 1>resell in the United States, or repackage and resell, or

985
01:19:06.319 --> 01:19:10.800
<v Speaker 1>included in something and sell have very low profit margins

986
01:19:10.840 --> 01:19:14.159
<v Speaker 1>that they cannot absorb the tariff. And indeed, the countries,

987
01:19:14.439 --> 01:19:18.399
<v Speaker 1>the companies in China cannot absorb the tariffs. Their profit

988
01:19:18.479 --> 01:19:21.600
<v Speaker 1>margins are very low. The only people that can actually

989
01:19:21.640 --> 01:19:29.079
<v Speaker 1>absorb the tariff are the consumers, and they the ones

990
01:19:29.119 --> 01:19:31.439
<v Speaker 1>who can't won't buy, and if a demand for these

991
01:19:31.479 --> 01:19:35.640
<v Speaker 1>products will go down, and again that puts the business

992
01:19:35.680 --> 01:19:47.880
<v Speaker 1>in big trouble. All Right, what am I hearing that

993
01:19:47.920 --> 01:19:50.960
<v Speaker 1>there is gorgeous weather in Michigan? I know, I know

994
01:19:51.079 --> 01:19:53.640
<v Speaker 1>this is a setup. Right, this is a setup. You

995
01:19:53.640 --> 01:19:56.840
<v Speaker 1>can have gorgeous weather over the next ten days, and

996
01:19:56.920 --> 01:20:00.960
<v Speaker 1>as soon as I arrive, the clouds will the you know,

997
01:20:01.000 --> 01:20:05.039
<v Speaker 1>it'll I don't know. It'll snow in uh snows in April.

998
01:20:05.199 --> 01:20:09.239
<v Speaker 1>It'll snow, it'll be muddy, it'll be horrible. Uh, you

999
01:20:09.279 --> 01:20:12.880
<v Speaker 1>guys are setting me up. You know, not nice. It's

1000
01:20:12.920 --> 01:20:20.640
<v Speaker 1>not fair. It really isn't fair. I mean, the home

1001
01:20:20.680 --> 01:20:26.119
<v Speaker 1>country can subsidize the manufactures so they can lower price,

1002
01:20:28.000 --> 01:20:32.279
<v Speaker 1>like the United States does with farmers. They're constantly subsidizing

1003
01:20:32.279 --> 01:20:34.560
<v Speaker 1>the farmers. They can lower price so they can get

1004
01:20:34.600 --> 01:20:36.760
<v Speaker 1>over the towests that are being placed on them by farmers.

1005
01:20:37.920 --> 01:20:40.640
<v Speaker 1>That is possible as well, but that is again not

1006
01:20:40.760 --> 01:20:45.319
<v Speaker 1>sustainable for very long. But that's unlikely to happen. Most

1007
01:20:45.359 --> 01:20:47.760
<v Speaker 1>of the towers and the past towerts the Trump has

1008
01:20:47.800 --> 01:20:53.359
<v Speaker 1>passed have been shown to have basically been paid for

1009
01:20:53.479 --> 01:20:58.159
<v Speaker 1>by consumers. And if I remember, consumers are not you

1010
01:20:58.279 --> 01:21:02.680
<v Speaker 1>and me consumers. A significant portion, maybe most, of imports

1011
01:21:02.720 --> 01:21:08.119
<v Speaker 1>into the United States of parts of materials that then

1012
01:21:08.279 --> 01:21:16.359
<v Speaker 1>are used by businesses to produce some other uh stuff

1013
01:21:16.520 --> 01:21:21.520
<v Speaker 1>that then is sold right, so it you know, the

1014
01:21:21.920 --> 01:21:24.359
<v Speaker 1>cost of the tariffs is often borne by the businesses

1015
01:21:24.600 --> 01:21:28.800
<v Speaker 1>that are doing the importation, and then they also raise

1016
01:21:28.880 --> 01:21:32.039
<v Speaker 1>the price of let's say they bring in they buy

1017
01:21:32.159 --> 01:21:35.800
<v Speaker 1>motors for their washing machines from China. The washing machine

1018
01:21:35.880 --> 01:21:42.720
<v Speaker 1>is made in America, but the engine is Chinese, then

1019
01:21:42.760 --> 01:21:45.520
<v Speaker 1>the price of the Washington is going to go up. Now,

1020
01:21:45.840 --> 01:21:49.000
<v Speaker 1>in Trump's first term, he raised tariffs on washing machines,

1021
01:21:49.479 --> 01:21:52.560
<v Speaker 1>and the prices of washing machines went up, without any question,

1022
01:21:52.640 --> 01:22:02.399
<v Speaker 1>went up. So this is tax paid by businesses and

1023
01:22:02.479 --> 01:22:06.199
<v Speaker 1>consumers primarily, but consumers because businesses will try to pass

1024
01:22:06.239 --> 01:22:11.159
<v Speaker 1>on the tax to consumers, They're not gonna they don't

1025
01:22:11.159 --> 01:22:17.520
<v Speaker 1>have the profit margins to bear it themselves. Ali, Ian,

1026
01:22:17.800 --> 01:22:21.000
<v Speaker 1>did you catch the Senate hearing of Matter's alleged collaboration

1027
01:22:21.119 --> 01:22:26.760
<v Speaker 1>with China? What's your take on Project Aldron? Is this recently?

1028
01:22:26.920 --> 01:22:32.279
<v Speaker 1>I did not, But you know, would I be? So,

1029
01:22:32.800 --> 01:22:35.439
<v Speaker 1>I don't know. I'm gonna I'm gonna copy paste this

1030
01:22:35.640 --> 01:22:38.319
<v Speaker 1>and I'm gonna look into it and I will get

1031
01:22:38.319 --> 01:22:42.039
<v Speaker 1>back to Ali. You know, I don't have a take,

1032
01:22:42.159 --> 01:22:47.359
<v Speaker 1>so it's better that I don't say anything. I try

1033
01:22:47.399 --> 01:22:49.960
<v Speaker 1>to only talk about things I know something about, all right,

1034
01:22:50.039 --> 01:22:52.560
<v Speaker 1>So I will I will get back to you Ali

1035
01:22:52.680 --> 01:22:56.159
<v Speaker 1>with an answer for that. On a future show, Alio

1036
01:22:56.239 --> 01:22:59.399
<v Speaker 1>said a question Van, I want to sponsor book review

1037
01:22:59.600 --> 01:23:03.640
<v Speaker 1>Right The Tiger by Evola let me just see how

1038
01:23:03.640 --> 01:23:05.239
<v Speaker 1>big of a how long of a book? Is it?

1039
01:23:13.079 --> 01:23:17.159
<v Speaker 1>Survival Manual for Aristocrats of the Soul? Oh, it's kind

1040
01:23:17.199 --> 01:23:23.199
<v Speaker 1>of got an interesting Oh, Evola is the right wing guy.

1041
01:23:23.760 --> 01:23:25.760
<v Speaker 1>I'm trying to look and see how many pages it is?

1042
01:23:26.199 --> 01:23:30.720
<v Speaker 1>Turn fifty six pages. I mean, that's at least that

1043
01:23:30.760 --> 01:23:33.640
<v Speaker 1>would cost you all at least five hundred dollars. So

1044
01:23:33.680 --> 01:23:35.920
<v Speaker 1>if you want me to do it, just either PayPal

1045
01:23:36.000 --> 01:23:39.720
<v Speaker 1>me or hear super chat me five hundred dollars with it,

1046
01:23:39.840 --> 01:23:43.800
<v Speaker 1>and uh and uh I will I will do it.

1047
01:23:43.640 --> 01:23:45.960
<v Speaker 1>It will take me some time, I give you that,

1048
01:23:46.000 --> 01:23:50.600
<v Speaker 1>because I'm way behind on reviews. But if for five

1049
01:23:50.640 --> 01:23:54.760
<v Speaker 1>hundred dollars, I could probably do it. I'm interested in

1050
01:23:54.800 --> 01:24:00.159
<v Speaker 1>reading Evola anyway. I've read some stuff of his, or

1051
01:24:00.199 --> 01:24:03.960
<v Speaker 1>if read a book about him, but not his stuff directly,

1052
01:24:04.039 --> 01:24:05.920
<v Speaker 1>so it wouldn't be bad for me to read something

1053
01:24:05.960 --> 01:24:10.399
<v Speaker 1>of his. I expect to hate every word, but part

1054
01:24:10.399 --> 01:24:16.640
<v Speaker 1>of my education, all right, Marilene, I'm still astounded that

1055
01:24:16.880 --> 01:24:21.279
<v Speaker 1>anyone could support Trump after January sixth I detested him

1056
01:24:21.760 --> 01:24:24.520
<v Speaker 1>years before that, yep, and you know I did too,

1057
01:24:25.199 --> 01:24:28.359
<v Speaker 1>So since twenty sixteen, since he announced he was running,

1058
01:24:30.079 --> 01:24:33.359
<v Speaker 1>I don't get it. Ryan. At this point when we

1059
01:24:33.560 --> 01:24:37.159
<v Speaker 1>have to start a GoFundMe to buy off support of

1060
01:24:37.239 --> 01:24:40.479
<v Speaker 1>keep people in Congress to hold the president accountable, I

1061
01:24:40.520 --> 01:24:45.520
<v Speaker 1>guess this is now the American way corruption pay them off.

1062
01:24:46.000 --> 01:24:50.640
<v Speaker 1>Sadly that might be the case. We might not have

1063
01:24:50.680 --> 01:24:56.800
<v Speaker 1>a choice, but it ain't happening, So don't worry about it.

1064
01:24:56.800 --> 01:25:01.119
<v Speaker 1>It ain't happening, Sandy. I'm a senior in college. It

1065
01:25:01.159 --> 01:25:03.800
<v Speaker 1>seems like I will be able to go full time

1066
01:25:03.880 --> 01:25:07.640
<v Speaker 1>into a startup I created after college. You and Randa

1067
01:25:07.760 --> 01:25:10.920
<v Speaker 1>being some of the best voices inspiring me through the journey.

1068
01:25:11.199 --> 01:25:14.560
<v Speaker 1>Thank you. That is great, Sandy. That is fantastic news,

1069
01:25:15.239 --> 01:25:19.680
<v Speaker 1>and it's exact kind of optimistic tone. I like to

1070
01:25:19.760 --> 01:25:22.119
<v Speaker 1>counter all this negative news. At the end of the day,

1071
01:25:22.159 --> 01:25:24.640
<v Speaker 1>there's still Americans out there, there's still young people out there.

1072
01:25:24.880 --> 01:25:27.960
<v Speaker 1>We're enthusiastic about the world, want to do something in

1073
01:25:28.000 --> 01:25:32.359
<v Speaker 1>the world, and have their courage and the ambition to

1074
01:25:32.439 --> 01:25:35.960
<v Speaker 1>go out and start companies and make do something new.

1075
01:25:36.640 --> 01:25:40.000
<v Speaker 1>And that's that's at the end of the day. Economically

1076
01:25:40.039 --> 01:25:45.640
<v Speaker 1>what really really matters. So thank you, Sandy, Ryan. I

1077
01:25:45.640 --> 01:25:49.560
<v Speaker 1>think that economic i'mageddon will be Trump's undoing if Americans

1078
01:25:49.680 --> 01:25:52.720
<v Speaker 1>had a more backbone wrong for the deportation of one

1079
01:25:52.760 --> 01:25:55.600
<v Speaker 1>person who would be unacceptable, and that would be enough.

1080
01:25:55.840 --> 01:25:59.760
<v Speaker 1>Will recession be enough? I don't know. I think it

1081
01:25:59.840 --> 01:26:01.920
<v Speaker 1>might be. I think there'll be a lot of pressure

1082
01:26:01.960 --> 01:26:04.199
<v Speaker 1>on Trump if there's a recession. I think they can

1083
01:26:04.239 --> 01:26:07.560
<v Speaker 1>all say, yeah, you need some pain. But when the

1084
01:26:07.600 --> 01:26:09.319
<v Speaker 1>pain is there and it's not clear that we're coming

1085
01:26:09.359 --> 01:26:11.479
<v Speaker 1>out of the pain, but it's not clear to me

1086
01:26:11.560 --> 01:26:15.720
<v Speaker 1>we're going to recession or how bad the recession will be.

1087
01:26:15.720 --> 01:26:18.479
<v Speaker 1>Because tariff saw again a relatively small part of the

1088
01:26:18.560 --> 01:26:24.000
<v Speaker 1>US economy that so t isday business activity will slow down.

1089
01:26:24.439 --> 01:26:28.319
<v Speaker 1>I don't know. I just hate to bet against American

1090
01:26:31.640 --> 01:26:37.439
<v Speaker 1>American entrepreneurs, against Sandy's of the world right, but a

1091
01:26:37.479 --> 01:26:43.159
<v Speaker 1>recession could make could make a difference. I Already Americans

1092
01:26:43.159 --> 01:26:46.520
<v Speaker 1>are turning against Trump in pretty astounding numbers. I mean,

1093
01:26:46.560 --> 01:26:51.319
<v Speaker 1>his favorability rating is plummeting. And what's interesting is his

1094
01:26:51.439 --> 01:26:56.600
<v Speaker 1>favorability rating among young people, who who he did very

1095
01:26:56.720 --> 01:27:01.479
<v Speaker 1>very well with in the election is just collapsing. Is

1096
01:27:01.479 --> 01:27:09.079
<v Speaker 1>just collapsing. So those are good signs Americans. Americans are

1097
01:27:09.119 --> 01:27:11.239
<v Speaker 1>not happy with Trump. They might not know what to

1098
01:27:11.279 --> 01:27:13.680
<v Speaker 1>do about it. They might not know, they might not

1099
01:27:13.840 --> 01:27:16.600
<v Speaker 1>be so outraged outraged as to go into the street

1100
01:27:16.600 --> 01:27:19.439
<v Speaker 1>about it. But they're not happy with Trump and a

1101
01:27:19.479 --> 01:27:22.199
<v Speaker 1>lot of the people who voted for him, a lot

1102
01:27:22.199 --> 01:27:24.479
<v Speaker 1>of the people who voted for him are not happy

1103
01:27:24.520 --> 01:27:27.439
<v Speaker 1>with him. If the election was held today, I think

1104
01:27:27.479 --> 01:27:33.720
<v Speaker 1>Trump would lose. Make a better day. What would be

1105
01:27:33.720 --> 01:27:37.279
<v Speaker 1>a more advanced guide to economic thinking? Is the university

1106
01:27:37.319 --> 01:27:39.920
<v Speaker 1>going to cover that subject? I mean, their plans to

1107
01:27:39.960 --> 01:27:41.960
<v Speaker 1>do it at some point, I don't know when The

1108
01:27:42.079 --> 01:27:45.399
<v Speaker 1>challenge is finding the right person to teach it. We don't.

1109
01:27:46.039 --> 01:27:49.560
<v Speaker 1>Funnily and surprisingly enough, we don't have a lot of

1110
01:27:49.600 --> 01:27:51.600
<v Speaker 1>talent in the field of economics. We don't have a

1111
01:27:51.600 --> 01:27:54.359
<v Speaker 1>lot of people who are objectivists in the field of economics,

1112
01:27:54.359 --> 01:27:59.399
<v Speaker 1>which is sad. I'd say the best place to study

1113
01:27:59.399 --> 01:28:04.800
<v Speaker 1>economics is through you know, if you want to go

1114
01:28:04.800 --> 01:28:07.720
<v Speaker 1>to university, it's it's probably George Mason University. But it's

1115
01:28:07.760 --> 01:28:12.000
<v Speaker 1>reading the great Austrian economists. It's reading of v. Mess

1116
01:28:12.039 --> 01:28:17.000
<v Speaker 1>It's reading econoctually one lesson by Hazlitt and and and

1117
01:28:17.119 --> 01:28:20.920
<v Speaker 1>Haslett's work. It's reading some of the Austrians. If you can,

1118
01:28:21.239 --> 01:28:25.880
<v Speaker 1>if you can ignore the fact that they are that

1119
01:28:25.920 --> 01:28:31.279
<v Speaker 1>they are anarchists. It's reading uh the uh you know

1120
01:28:31.359 --> 01:28:34.319
<v Speaker 1>Thomas soul ignore the fact that he's wrong on some things.

1121
01:28:34.319 --> 01:28:37.479
<v Speaker 1>But he's pretty good. So there's a and by the way,

1122
01:28:37.479 --> 01:28:41.920
<v Speaker 1>he came out against Tariff's uh recently. He's ninety something

1123
01:28:41.960 --> 01:28:49.199
<v Speaker 1>years old. So there's a lot of a lot of books,

1124
01:28:49.279 --> 01:28:52.560
<v Speaker 1>a lot of content out there that's on good economics.

1125
01:28:52.560 --> 01:28:54.960
<v Speaker 1>I mean, Sulgent has a good book out now on

1126
01:28:55.000 --> 01:28:59.359
<v Speaker 1>the Great Depression. Uh, that is good at economics. Larry

1127
01:28:59.399 --> 01:29:01.840
<v Speaker 1>White and just Telgian have good, good books on banking

1128
01:29:02.520 --> 01:29:06.319
<v Speaker 1>and on money. So there's a lot of good content

1129
01:29:06.359 --> 01:29:13.279
<v Speaker 1>out there. Mary Aleen, is the media afraid to carry stories?

1130
01:29:13.920 --> 01:29:16.039
<v Speaker 1>By the way, we're almost done with questions, So we've

1131
01:29:16.079 --> 01:29:18.159
<v Speaker 1>got two more questions and then we're done with the show.

1132
01:29:18.199 --> 01:29:22.399
<v Speaker 1>We could go longer. Is the media afraid to carry

1133
01:29:22.399 --> 01:29:25.840
<v Speaker 1>stories about the law firms that have caved? Trump is

1134
01:29:25.880 --> 01:29:29.279
<v Speaker 1>trying to intimidate all his opponents into silence. Who's going

1135
01:29:29.279 --> 01:29:31.079
<v Speaker 1>to stop him if he refuses to leave office in

1136
01:29:31.079 --> 01:29:33.640
<v Speaker 1>twenty twenty eight. I really don't know who's going to

1137
01:29:33.680 --> 01:29:37.720
<v Speaker 1>stop him, and it worries me. Are they intimidated? Maybe?

1138
01:29:38.239 --> 01:29:42.439
<v Speaker 1>I really. You know, I don't know if that is

1139
01:29:42.479 --> 01:29:48.680
<v Speaker 1>the issue, if it's an issue of intimidation, but it

1140
01:29:48.800 --> 01:29:59.279
<v Speaker 1>is clear. It is clear that it is clear that

1141
01:30:00.079 --> 01:30:02.079
<v Speaker 1>I think what's happening. Put it this way, I think

1142
01:30:02.119 --> 01:30:05.039
<v Speaker 1>what's happening is the media is so overwhelmed with what

1143
01:30:05.079 --> 01:30:12.680
<v Speaker 1>Trump is doing. There's so much going at them that

1144
01:30:14.399 --> 01:30:18.439
<v Speaker 1>they they can't cover everything. They're making choices and and

1145
01:30:18.479 --> 01:30:21.600
<v Speaker 1>they're prioratizing, and every day it's something new. Every day,

1146
01:30:21.720 --> 01:30:28.399
<v Speaker 1>some new, you know, urgent thing is happening. Mike. I'm

1147
01:30:28.439 --> 01:30:31.479
<v Speaker 1>lukewarm in human space travel, but I love that an

1148
01:30:31.479 --> 01:30:34.279
<v Speaker 1>all female crew went into space today. I hope it

1149
01:30:34.319 --> 01:30:37.279
<v Speaker 1>will inspire more girls to go into science. I think

1150
01:30:37.319 --> 01:30:43.159
<v Speaker 1>it was like the the was it the the bride

1151
01:30:43.199 --> 01:30:46.800
<v Speaker 1>and the and the and her friends from the wedding.

1152
01:30:47.079 --> 01:30:50.880
<v Speaker 1>So it's Jeff pizus uh fiance. She went up with

1153
01:30:50.920 --> 01:30:54.640
<v Speaker 1>her friends. I think it's part of her celebration of

1154
01:30:54.920 --> 01:30:57.359
<v Speaker 1>for the wedding. What do you call it? The girls

1155
01:30:58.039 --> 01:31:01.119
<v Speaker 1>party before bachelorette party. It's out of their bachelor at party.

1156
01:31:01.199 --> 01:31:02.920
<v Speaker 1>Who was going up in space? And Yeah, I think

1157
01:31:02.960 --> 01:31:06.159
<v Speaker 1>it's cool and exciting and I have no problem. I'm

1158
01:31:06.199 --> 01:31:10.640
<v Speaker 1>not Lukewarm. I'm excited about human beings in space, if

1159
01:31:10.680 --> 01:31:14.439
<v Speaker 1>only because it shows what is possible, the potential of

1160
01:31:14.520 --> 01:31:17.479
<v Speaker 1>human beings. It's a positive in this world, in this

1161
01:31:17.600 --> 01:31:22.720
<v Speaker 1>gray world, it's a shining light. Soup Cask, I think

1162
01:31:22.720 --> 01:31:26.119
<v Speaker 1>I'm going to give up. I'm twenty, and these tasks

1163
01:31:27.079 --> 01:31:30.199
<v Speaker 1>just confirmed. I'll never own anything, I'll never be dependent.

1164
01:31:30.640 --> 01:31:32.920
<v Speaker 1>I don't know what to do. Oh, you can't give up,

1165
01:31:33.560 --> 01:31:37.760
<v Speaker 1>SUBCASKI that's ridiculous. There's no reason to give up. You're twenty,

1166
01:31:38.000 --> 01:31:40.920
<v Speaker 1>You've let a whole life ahead of you. This idea

1167
01:31:40.920 --> 01:31:43.199
<v Speaker 1>that you won't own any own anything, it's just not true.

1168
01:31:43.199 --> 01:31:47.199
<v Speaker 1>There's plenty of jobs out there, there's plenty of businesses

1169
01:31:47.199 --> 01:31:50.439
<v Speaker 1>to get started. There's plenty of things to do. Even

1170
01:31:50.479 --> 01:31:54.119
<v Speaker 1>if we go into a session, even if Trump does

1171
01:31:54.159 --> 01:31:55.880
<v Speaker 1>all the crazy things that you want to do, there's

1172
01:31:55.880 --> 01:31:59.319
<v Speaker 1>still life to be lived. There's still positive things to do.

1173
01:31:59.760 --> 01:32:05.479
<v Speaker 1>This still stuff to create, to make, to build. Your

1174
01:32:05.479 --> 01:32:10.079
<v Speaker 1>life is too precious to give up. It's you know,

1175
01:32:10.359 --> 01:32:15.399
<v Speaker 1>there's so much potential joy that is possible, And the

1176
01:32:15.479 --> 01:32:18.560
<v Speaker 1>idea that you can never own anything, it's just not true.

1177
01:32:18.760 --> 01:32:21.479
<v Speaker 1>You have to find the right kind of job. You

1178
01:32:21.560 --> 01:32:26.159
<v Speaker 1>have to work hard, be motivated, use your mind and

1179
01:32:26.800 --> 01:32:33.399
<v Speaker 1>constantly be thinking, constantly, be looking for opportunities. There's so

1180
01:32:33.560 --> 01:32:36.159
<v Speaker 1>much you can do. There's so much open space out there.

1181
01:32:36.760 --> 01:32:40.239
<v Speaker 1>In spite of the bastards, do not let them get

1182
01:32:40.279 --> 01:32:42.000
<v Speaker 1>to you. And I know my show can be depressing,

1183
01:32:42.479 --> 01:32:44.600
<v Speaker 1>but my goal is not to depress you, but to

1184
01:32:44.600 --> 01:32:51.399
<v Speaker 1>give you a warning about what is happening. But that

1185
01:32:51.439 --> 01:32:54.720
<v Speaker 1>does not diminish the value of your life and the

1186
01:32:54.800 --> 01:32:59.439
<v Speaker 1>upside potential that you still have. Nephel, thank you for

1187
01:32:59.479 --> 01:33:04.680
<v Speaker 1>the stick of Esoteric Economy. Thank you for the sticker. Robert,

1188
01:33:04.680 --> 01:33:08.159
<v Speaker 1>thank you for the sticker. Alan, thank you for a sticker.

1189
01:33:08.199 --> 01:33:10.439
<v Speaker 1>You two can do a sticker and help us, help

1190
01:33:10.520 --> 01:33:13.880
<v Speaker 1>us inch toward the goal. Oh, thank you for the sticker.

1191
01:33:14.319 --> 01:33:16.520
<v Speaker 1>Steven just came in with the sticker. Thank you, Steven.

1192
01:33:16.560 --> 01:33:20.840
<v Speaker 1>Thank you, Catherine for the stickers. Jonathan Honing Mary Mary,

1193
01:33:22.239 --> 01:33:24.680
<v Speaker 1>So yeah, we've got we've got a bunch of these.

1194
01:33:25.159 --> 01:33:28.840
<v Speaker 1>Thank you, guys, Katherine Dawson, Thank you guys, and Jonathan again.

1195
01:33:29.479 --> 01:33:32.319
<v Speaker 1>So yeah, keep the stickers coming. We've got one more

1196
01:33:32.520 --> 01:33:37.199
<v Speaker 1>question twenty dollars question from phillopp of nine nine nine.

1197
01:33:38.560 --> 01:33:41.800
<v Speaker 1>If your country runs the currency used by the world.

1198
01:33:42.199 --> 01:33:45.680
<v Speaker 1>Because your country was once rich, you use this fake

1199
01:33:45.760 --> 01:33:49.039
<v Speaker 1>well to buy stuff overseas to keep it going. At

1200
01:33:49.119 --> 01:33:53.560
<v Speaker 1>some point you collapse because you outsourced all your production. No, no,

1201
01:33:55.239 --> 01:33:57.199
<v Speaker 1>I mean, that's just not true. It is not true.

1202
01:33:57.239 --> 01:34:01.399
<v Speaker 1>For example, the United States produce nothing. All it does

1203
01:34:01.640 --> 01:34:04.000
<v Speaker 1>is prints money and uses that money to buy up

1204
01:34:04.039 --> 01:34:06.920
<v Speaker 1>stuff in the world. Nobody would take our dollars if

1205
01:34:06.920 --> 01:34:11.640
<v Speaker 1>that were the case. The United States is the greatest

1206
01:34:11.680 --> 01:34:20.560
<v Speaker 1>powerhouse in the world for high tech, for design, for finance,

1207
01:34:21.000 --> 01:34:29.359
<v Speaker 1>for consulting, for marketing, for a lot of soft products

1208
01:34:29.359 --> 01:34:33.920
<v Speaker 1>that have enormous value in the marketplace. And the United

1209
01:34:33.960 --> 01:34:38.079
<v Speaker 1>States is the largest manufacturer of goods in the world.

1210
01:34:39.039 --> 01:34:43.079
<v Speaker 1>It is second place to China. The United States manufactures

1211
01:34:43.119 --> 01:34:51.000
<v Speaker 1>more than Germany, South Korea, and Japan combined. So the

1212
01:34:51.119 --> 01:34:56.920
<v Speaker 1>United States is not a you know, it's not true

1213
01:34:56.920 --> 01:35:01.279
<v Speaker 1>that it was once rich. It's rich today. It's richer

1214
01:35:01.279 --> 01:35:04.159
<v Speaker 1>than it's ever been, and it has a massive military

1215
01:35:04.199 --> 01:35:07.960
<v Speaker 1>to back that up and to protect it. We produce

1216
01:35:08.039 --> 01:35:10.800
<v Speaker 1>oil and we sell it. We have many natural resources

1217
01:35:10.800 --> 01:35:14.760
<v Speaker 1>in this country that gets sold. So the idea that

1218
01:35:14.800 --> 01:35:17.800
<v Speaker 1>the United States was one rich, once rich, and now

1219
01:35:17.840 --> 01:35:20.039
<v Speaker 1>just using fake money, you know. I mean the money

1220
01:35:20.199 --> 01:35:24.279
<v Speaker 1>is fiat money. That does not make it fake. Money

1221
01:35:24.399 --> 01:35:27.159
<v Speaker 1>is the common medium of exchange. It is the medium

1222
01:35:27.159 --> 01:35:30.359
<v Speaker 1>of exchange in the world. The reason the world uses

1223
01:35:30.399 --> 01:35:34.279
<v Speaker 1>it as a as a medium of exchange is because

1224
01:35:34.600 --> 01:35:38.079
<v Speaker 1>of the United States economic strength twenty five percent of

1225
01:35:38.079 --> 01:35:41.119
<v Speaker 1>world GDP in spite of only having four percent of

1226
01:35:41.119 --> 01:35:44.359
<v Speaker 1>the population, and that has not shrunk in spite of

1227
01:35:44.359 --> 01:35:51.279
<v Speaker 1>the rise of China, and the United States is much much, much,

1228
01:35:51.640 --> 01:35:53.560
<v Speaker 1>much richer than it was at the end of World

1229
01:35:53.600 --> 01:35:58.319
<v Speaker 1>War two, much richer. And trade surpluses are not a

1230
01:35:58.359 --> 01:36:02.640
<v Speaker 1>good thing. They're not a bad thing, but not a

1231
01:36:02.640 --> 01:36:04.800
<v Speaker 1>good thing. And trade deficits are not a bad thing,

1232
01:36:04.840 --> 01:36:06.359
<v Speaker 1>done a good thing, but they're not a bad thing.

1233
01:36:09.920 --> 01:36:13.039
<v Speaker 1>So and everybody in the world wants dollars so they

1234
01:36:13.039 --> 01:36:15.439
<v Speaker 1>can invest in the United States until Donald Trump came

1235
01:36:15.479 --> 01:36:19.319
<v Speaker 1>along and destroyed a reputation. Everybody wants to invest in

1236
01:36:19.359 --> 01:36:22.239
<v Speaker 1>the United States. Why Because we have incredibly productive people.

1237
01:36:23.079 --> 01:36:27.560
<v Speaker 1>Productivity rates are super high, much higher than Europe. We

1238
01:36:27.680 --> 01:36:35.439
<v Speaker 1>have incredible technology. Everybody wants to invest here. Now, it

1239
01:36:35.560 --> 01:36:39.920
<v Speaker 1>is true that we run massive government deficits, and that

1240
01:36:40.039 --> 01:36:43.439
<v Speaker 1>is what is going to kill us. If something's going

1241
01:36:43.439 --> 01:36:47.680
<v Speaker 1>to kill America. It's government spending, it's goverment consumption. I'm

1242
01:36:47.720 --> 01:36:49.880
<v Speaker 1>going to do a show on this soon, i know

1243
01:36:50.039 --> 01:36:56.760
<v Speaker 1>exactly when. But excellent article body John Cochran analyzing the

1244
01:36:56.760 --> 01:36:58.520
<v Speaker 1>whole trade situation and how to relate it to the

1245
01:36:58.560 --> 01:37:03.439
<v Speaker 1>budget that the budget deficit we borrow too much money

1246
01:37:03.520 --> 01:37:07.640
<v Speaker 1>because we spend too much money. Government spending, government consumption

1247
01:37:07.800 --> 01:37:12.520
<v Speaker 1>is a problem. The trade deficit is not the dollar.

1248
01:37:12.960 --> 01:37:16.199
<v Speaker 1>I mean, it's a problem because we have inflation because

1249
01:37:16.199 --> 01:37:19.640
<v Speaker 1>the thread prints it and it's a fear currency. But

1250
01:37:19.760 --> 01:37:22.560
<v Speaker 1>it's not going away, guys. It's not going to disappear.

1251
01:37:22.640 --> 01:37:28.600
<v Speaker 1>It's not about to collapse. The system is surprisingly robust.

1252
01:37:31.119 --> 01:37:37.000
<v Speaker 1>It's not a counterfeit. It's a counterfeit to what. There

1253
01:37:37.039 --> 01:37:40.039
<v Speaker 1>is no money today. The money being used is the dollar.

1254
01:37:40.119 --> 01:37:43.760
<v Speaker 1>It's not a good money. It's a lousy money. It's

1255
01:37:43.800 --> 01:37:46.600
<v Speaker 1>a really, really bad money. It's a money that is

1256
01:37:46.640 --> 01:38:01.159
<v Speaker 1>easily inflated and constantly being inflated. But it's no money.

1257
01:38:01.920 --> 01:38:07.000
<v Speaker 1>So don't get overly depressed. The world is not coming

1258
01:38:07.039 --> 01:38:11.680
<v Speaker 1>to an end. The United States is not this pathetic,

1259
01:38:11.760 --> 01:38:15.479
<v Speaker 1>weak country that does you know, people that do nothing.

1260
01:38:16.159 --> 01:38:19.359
<v Speaker 1>We're an incredibly productive place. The wealth that we have

1261
01:38:19.560 --> 01:38:26.199
<v Speaker 1>is real, not fake, and it's a and and you know,

1262
01:38:26.520 --> 01:38:30.319
<v Speaker 1>and the real opportunities still out there, you know, uh,

1263
01:38:30.800 --> 01:38:34.840
<v Speaker 1>you know, just just just just listen to who is

1264
01:38:34.880 --> 01:38:38.359
<v Speaker 1>the one who is uh, who was a sandy? Listen

1265
01:38:38.399 --> 01:38:42.920
<v Speaker 1>to Sandy who's starting a business starting a business in

1266
01:38:42.960 --> 01:38:46.079
<v Speaker 1>spite of all this, but just drive around America. There's

1267
01:38:46.119 --> 01:38:49.720
<v Speaker 1>so much wealthier. And we're much wealthier than we were

1268
01:38:49.760 --> 01:38:52.359
<v Speaker 1>in nineteen fifty four, nineteen forty eight or nineteen any

1269
01:38:52.359 --> 01:38:55.720
<v Speaker 1>other any other. From a material perspective, we are the

1270
01:38:55.760 --> 01:38:58.359
<v Speaker 1>wealthiest we have ever been. And that's true of poor,

1271
01:38:58.640 --> 01:39:04.000
<v Speaker 1>middle class, and rich. They're all wealthier than those equivalent

1272
01:39:04.000 --> 01:39:08.439
<v Speaker 1>groups were in the past. Much healthier, not much wealthier,

1273
01:39:08.479 --> 01:39:16.760
<v Speaker 1>not a little bit. Tessa spent hours at the Wold

1274
01:39:16.800 --> 01:39:19.840
<v Speaker 1>Then Museum this week. Thank you for improving life in

1275
01:39:19.880 --> 01:39:24.359
<v Speaker 1>so many ways. The Then Museum in Paris. You're in Paris, Tessa, Yes,

1276
01:39:24.399 --> 01:39:29.439
<v Speaker 1>the Then Museum is beautiful. There's some magnificent, gorgeous sculpture.

1277
01:39:29.439 --> 01:39:31.960
<v Speaker 1>There's also some terrible s culpture there. Verdin is a

1278
01:39:32.159 --> 01:39:35.640
<v Speaker 1>very very very mixed bag with some very very ugly

1279
01:39:35.680 --> 01:39:39.199
<v Speaker 1>stuff that's very depressing, particularly given his level of talent,

1280
01:39:40.079 --> 01:39:42.159
<v Speaker 1>but there's us a beautiful, beautiful stuff. Some of his

1281
01:39:42.239 --> 01:39:46.760
<v Speaker 1>portraits are just amazing. Highly encourage people to go visit

1282
01:39:46.800 --> 01:39:51.319
<v Speaker 1>the word Den Museum when you have a chance. All right, guys,

1283
01:39:51.359 --> 01:39:54.039
<v Speaker 1>And Tessa's in Paris, so she must be in a

1284
01:39:54.039 --> 01:39:58.479
<v Speaker 1>good mood. I mean, being a visitor in Paris. How

1285
01:39:58.520 --> 01:40:03.359
<v Speaker 1>cool is that? Oh? Is cool? All right? Guys? Thank

1286
01:40:03.399 --> 01:40:05.239
<v Speaker 1>you to all the super chatters and the stick is

1287
01:40:05.279 --> 01:40:07.760
<v Speaker 1>all one most superchat It seems to me that many

1288
01:40:07.800 --> 01:40:10.479
<v Speaker 1>of the people who were against Israel seem to be

1289
01:40:10.640 --> 01:40:14.279
<v Speaker 1>almost against seem to be also against Ukraine. Have you

1290
01:40:14.279 --> 01:40:16.319
<v Speaker 1>come across this, and if so, what do you make

1291
01:40:16.359 --> 01:40:19.680
<v Speaker 1>of it? Well? I mean there are two types those

1292
01:40:19.680 --> 01:40:24.199
<v Speaker 1>who are against both Israel and Ukraine. And they typically

1293
01:40:27.239 --> 01:40:31.640
<v Speaker 1>they hate Western civilization. They hate the West and everything

1294
01:40:31.640 --> 01:40:36.640
<v Speaker 1>it represents. They hate liberty, they hate freedom, and therefore

1295
01:40:37.000 --> 01:40:40.640
<v Speaker 1>they are much more inclined to support Putin or Ramas

1296
01:40:41.000 --> 01:40:56.640
<v Speaker 1>or the Islamists, and they were so the fact that

1297
01:40:56.680 --> 01:41:00.479
<v Speaker 1>they against Israel and Ukraine is a what do you

1298
01:41:00.520 --> 01:41:05.199
<v Speaker 1>call it? An overwhelming statement against Western civilization. There are

1299
01:41:05.239 --> 01:41:08.159
<v Speaker 1>some people who are pro as well in against Ukraine.

1300
01:41:08.800 --> 01:41:14.000
<v Speaker 1>Some Maga people pro is well against Ukraine. These are

1301
01:41:14.079 --> 01:41:17.560
<v Speaker 1>people who have not rejected Western civiliztions in in total,

1302
01:41:18.359 --> 01:41:23.399
<v Speaker 1>but have missed in a sense. They associate Western civilation

1303
01:41:23.520 --> 01:41:27.840
<v Speaker 1>with Putin and mistakingly associated is rall with Putin. They

1304
01:41:27.840 --> 01:41:30.399
<v Speaker 1>think Israel is more religious than it really is and

1305
01:41:30.479 --> 01:41:32.800
<v Speaker 1>more authoritarian than it really is, and therefore they support it.

1306
01:41:34.600 --> 01:41:37.560
<v Speaker 1>So it's basically one way or the other, an attack

1307
01:41:37.600 --> 01:41:42.479
<v Speaker 1>on Western civilization. It's people who resent the West. All right,

1308
01:41:42.520 --> 01:41:53.319
<v Speaker 1>Thank you, Abraham Compost, appreciate it, all right, Thank you guys. Remember,

1309
01:41:53.760 --> 01:41:57.119
<v Speaker 1>in an hour and forty five minutes we will have

1310
01:41:57.159 --> 01:42:01.000
<v Speaker 1>Casino Laporte on to talk about who career as a

1311
01:42:01.039 --> 01:42:03.960
<v Speaker 1>doctor and then her career as a novelists as a

1312
01:42:04.000 --> 01:42:09.680
<v Speaker 1>writer of thrillers, and that will be fun. So join

1313
01:42:09.800 --> 01:42:12.840
<v Speaker 1>us then and again, thank you to all the super chatters,

1314
01:42:12.840 --> 01:42:14.319
<v Speaker 1>thank you all the stickers. Thank you to all of

1315
01:42:14.359 --> 01:42:17.880
<v Speaker 1>you for being here. I will see you in ann

1316
01:42:17.880 --> 01:42:26.800
<v Speaker 1>oun forty five minutes. Bye, everybody,
