Episode Transcript
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Speaker 1 (00:00):
Hey guys, Saga and Crystal.
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We need your help to build the future of independent
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show for everybody today.
Speaker 2 (00:36):
What do we have, Crystal, Indeed, we do a lot
of stuff we want to get to you today. So
Indian trade war heats up, so.
Speaker 3 (00:42):
We will bring you the very latest there.
Speaker 2 (00:44):
We've actually got a bunch of trade war updates, each
more stupid and ridiculous than the last. In my personal opinion,
I think yours as well.
Speaker 1 (00:50):
Side Oh yeah, yeah, there's no disagreement here, but look,
we'll give you the facts you can make up in mind.
Speaker 2 (00:54):
Yes, that's right report you decide. We also have that
viral chart. I don't know if you guys saw this
exposing just sort of economic decline for ordinary people in
America across the board basically since the nineties. Going to
dig into that a little bit as it relates directly
to housing affordability and home ownership, so important one to tackle. Well.
I've also got the very latest for you with regard
(01:15):
to Epstein. Trump just basically keeps digging the whole deeper.
So interestingly, they apparently want to try to get Joe
Rogan to help them out of their bind.
Speaker 3 (01:26):
Whether the medicals to that or not, I don't know,
we'll find out.
Speaker 2 (01:30):
We also are taking a look at the GHF whistleblower
who we hosted here, Anthony Aguilar. He made another appearance
with Tucker Carlson, this one for a longer interview in person,
and there were some truly stunning moments there where he
is exposing additional details about GHF and the way that
they operate, and also what he anticipates is going to
come next. So you definitely want to take a look at.
(01:50):
That's a lot happening in Israel today. They are voting
the security Cabinet is voting on what is effectively a
plan of outright annihilation. This is not a secret anymore.
It's you know, it's completely out in the open. Of course,
it has been in a lot of ways, but now
an official vote being taken on that.
Speaker 3 (02:04):
So break that down for you.
Speaker 2 (02:06):
Soccer's got a big UFO update.
Speaker 3 (02:08):
Many of our fans will think that it's been too long.
Speaker 1 (02:10):
You know, it has been too long. My brothers been
asking me what's going on, and listen, I'm subject to
the news. Okay, So when policymakers start talking about it,
and perhaps we get some updates, we'll see. I am
going to put out a page to the White House
Press Corps to ask some follow up questions, so hopefully
we'll get something.
Speaker 3 (02:25):
Okay, all right, we'll work on that.
Speaker 2 (02:27):
I have a complete guide to hy Corey Booker is
just the absolute worst and Christian smalls. It has been
a long time front of ours. I think we're the
first people ever to have him on. Back when he
was organized in the Amazon Labor Union, so he is
a well known labor active as an organizer here. He
was abused by the Israelis attempting to get baby formula
(02:47):
into the Gaza strip. So he's going to join us
to tell us all about his experience and the reason
that he got involved in.
Speaker 3 (02:54):
This fight to begin with.
Speaker 1 (02:55):
Yeah, I'm excited to talk to Christian about that his story.
You know, Greta Thunberg got a lot of coverage for
what happened, but he's criminally been undercovered in terms of
that story and does tell us quite a lot about
what's going on in the country. Before we get to that.
Thank you to everybody who's been subscribing Breakingpoints dot com
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(03:16):
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(03:37):
want to a friend. It really helps u out as
well as leaving us a five star rating. But with that,
let's go ahead and get to the tariff war. And so,
in extraordinary fashion, let's go and put this up there
on the screen. Donald Trump has put a whopping twenty
five percent extra tariff on India for Russian oil prices.
Wo Delli says that the US president decision is unfair, unjustified,
(03:59):
and unret So let me just read you a little
bit about it. He says, quote, I determined that it
is necessary and appropriate to oppose an additional advolorum duty
on duties imports of articles of India which is directly
or indirectly importing Russian Federation oil. So let's explain what
the hell is going on here. This has been a
kind of a chief problem for the United States, now,
(04:20):
you know, problem I guess of our own making, since
the outbreak of the Ukraine War, where the United States
puts blanket tariffs on all Russian oil imports obviously here,
as well as Russian sanctions for the entire banking system
across Europe and elsewhere. The problem in that has always
been South Korea, China, India are very willing to buy
Russian oil because they don't care necessarily about Ukraine. And
(04:41):
of course being sold on a discount on their markets,
as well as the ability to refine that oil and
export it. By the way, much of that oil is
exported across the world to many of the people who
are also sanctioning Russian oil. Just to show you some
of the problems in that. The theory crystal is that
by stopping India from buying Russian oil, which by the way,
is the second purchaser of Russian oil behind China, who
(05:02):
has a lower tariff rate than India. Right now, make
that one makes sense. The problem is that their theory
is that by choke holding the Russian economy they can
finally get Russia to the peace steal table in Ukraine. Now,
as I just mentioned, India is just the second largest
purchaser of Russian oil. The Chinese are the first. The
Chinese are not subject to any tariffs over this entire thing.
(05:24):
And second, it still comes down to this theory of
the choke hold being applied to Russia that will finally
get it to stop in Ukraine. There is not a
single scrap of evidence to show that that is true.
The Russian war machine is actually what's fueling the entire
economy right now it's like twenty something percent of their GDP.
It's increased their overall GDP growth, their weapons manufacturing is
(05:45):
exploding with help from again not just India, but China,
North Korea and Iran many other actors. It really just
demonstrates the futility of our trade policy by trying to
use it for purposes on Ukraine. And then there's also
a bigger question here of what's actually important is it
Israel and Ukraine, because that's the message being sent now
(06:06):
from the Trump administration. The Trump administration is thinking you
or I or should pay higher Canadian lumber prices because
the Canadian government recognizes the state of Palestine. Okay, I
don't remember, you know, thinking anything about that whenever it
was our trade war. And then second with India, India
is now subject to a fifty percent tariff. Now again
just to explain how ridiculous this is just from geopolitical
(06:27):
point of view, If you believe that China is your
premier economic competitor, now what do you want to do.
You want to make sure that you have good relations
with all of the great powers in the rest of Asia. Well,
that would include Japan, South Korea, the Philippines and India,
namely India, which has always pursued a policy of non
alignment and so for from the first Trump administration including
(06:50):
the second Trump administration, their theory was, hey, we'll have
better economic relationship here with India, because that will mean
that this great power over one point four billion people,
rising economic giant, will have ties there to make sure
that nobody is going to fall into the Chinese orbit
and create kind of a strategic balance. We pressured companies
like Apple who are about to get to to move
iPhone production to India all of these other manufacturing problems. Now, look,
(07:13):
I'll be fair, India's got a very closed off economy.
I mean, they have insane non tariff barriers. They have
for a long time. Their theory, which by the way,
I think is correct, is that allowing you know, outside
Western influence gives these countries too much control over their economy.
Can't argue with that. I mean, it's true you could
look at where they are. That's fine. I'd be happy
to punish them, quote punish them or tariff them if
(07:35):
had anything to do with, you know, protecting American manufacturing
or any of that. While also considering the geostrategic implications,
but this has nothing to do with that. It is
literally just to try and pressure India and Ukraine, or
India and Russia on the war in Ukraine, which has
not one scrap of evidence over the last two and
a half years to show that it has actually worked.
(07:56):
This is the Biden Lindsay Gram policy. Literally Lindsay Gram
policy used to beg for this from day one, and
it's preposterous and actually could send the price of oil
sky high it allows to continue well.
Speaker 2 (08:07):
And also the fact that thus far India has chosen
you know, we're just going to sea they're like Russian
oil is actually a testament to the effective nature of
some of their protectionist policies which help to buffet them
from you know, the sanctions or not the sanctions, but
the terrorists that are being imposed. I mean they are
sort of like a sanction. They're basically functioning the same way.
It's meant as a punishment for them not doing what
(08:28):
we want them to do. So it is extraordinary, and
I mean it's also there's a weirdness to it as well,
because ideologically, Mody and Trump have a lot of similarities.
You know, both sort of like authoritarian inclined. Modi is
a Hindu nationalist, you would think there would be this
sort of like natural alliance between them, and instead, as
we're going to play later in this block, I mean,
(08:49):
you've just absolutely infuriated all of the Indians, you know,
sort of across the board, and certainly the Hindu nationalists
are disgusted with this attack on their sovereignty as they
as you know, as any.
Speaker 3 (08:59):
Country would be.
Speaker 2 (09:00):
And that's what's been so foolish about this trade war
from the beginning is there's no strategy to it. It's
just let me literally piss off the entire world and
never have a clear coherent strategy about, you know, explaining
to anyone about what we're doing. And now as we
get down to it, we see just how haphazard and
counterproductive it truly is. So in Brazil, we're punishing Brazil
(09:22):
because we don't like what they're doing with a court
case against Bolsonaro. With Canada, we're punishing them because we
don't like them recognizing a state of Palestine while we're
busy supporting a genocide there.
Speaker 3 (09:33):
With India, obviously.
Speaker 2 (09:34):
We don't like, oh, you're you know, you're screwing with
our ability to crush Russia and put pressure on them.
By the way, you know, this is also the guy
who promised to resolve that conflict before he even got
into office or within twenty four hours, depending on the
day of when he got into office. How's that working out?
It really is extraordinary to see the way that ordinary
American people, truly are basically being used as ponds here
(09:55):
for Trump's vacissitudes and for him to pursue whatever foreign
policy it feels like in that day. And keep in mind,
the people who predominantly tip pay the tariff price are
consumers when you go to the grocery store, when you
go to make a purchase, that is predominantly because most
of the costs get passed on to you. As we've
both said a million times, we are not opposed to
(10:16):
some protection policy that goddamn sense, but none of this does.
Speaker 1 (10:20):
Yeah, and that's look again, that's my issue here is
what if we want high tariffs, it should be on
China and China alone, and then you should make it
dramatically attractive to make sure that you put all US
industry to push it out of China on a five
to ten year plan that they would have to submit
and from that point forward, we can look at exclusions, plans, etc.
(10:40):
That make strategic sense for the United States. Fifty percent
of all GDP will be in Asia in just five years.
That's why it makes no sense to punish one of
the rising powers of Asia when it is for a
war in Europe for a country that's not in NATO.
That is what number sixty whatever in US bilateral trade
(11:01):
has no impact on the US economy. India is the
tenth largest trading partner of the United States. That's even
with all of their crazy non tariff trade barriers. And
I mean that's a massive I mean that is literally, guys,
I'm talking more than Brazil. I'm talking about more than
probably more than any other you know, partner that has
really come under scrutiny a side of Japan. India now
(11:23):
joins Brazil with some of the highest tariffs in the world.
So how is it that China the number one producer
of the number one problem from an economic competitor level,
By the way, the number one purchaser and client state
really the Russians, right, the Russians. What you think India
is the one who's selling them the weapons or the
India is the one who's propping up their financial system. No,
(11:44):
it's China, and so the Chinese are getting all these
crazy exclusions. The whole thing is completely passed backwards. And
here's CNBC talking specifically about the price of oil. Let's
take a listen.
Speaker 4 (11:56):
India in Russia now have to go look for you know,
basically the energy somewhere else. Let's just say they not
have to go basically buy it from the United States,
will buy it from Saudi Arabia. Guess what oil price
is going to go through the roof. I mean last
year alone, Asia basically imported something like almost four big
four million dollars per day of Russian production. I mean
(12:19):
that is the kind of quantity that you just cannot
switch off and then and decide to replace it, okay,
with somebody else. That's basically oil. And I think that
if Indians were to hold out, you know, they might
you know, basically find out for themselves that Trump will
tacko on this issue because anything Trump so far has
(12:41):
had zero appetite for anything that can lead to a
high oil price. So the question is will mold he
played this game of chicken with him?
Speaker 1 (12:48):
Thinking that Trump is going to fall, and so there's
been similar movement for other countries that have been subject
to tariffs. Like this, let's go and put this up
there on the screen. This is from the President of Brazil,
Lula quote. I won't humiliate myself. Brazil's Presidency's no point
in tariff talks with Donald Trump. Some fifty percent tariff
on Brazilian goods that took effect on Wednesday. In fact,
I just saw a very interesting piece come across my screen,
(13:12):
which is about the Brazilians and the Japanese striking a
deal on food and beef, specifically because a lot of beef,
especially like higher end beef, will be purchased from Japan
and the Brazilians, one of the largest meat exporters in
the world, have been trying to break into the Japanese
market now for quite some time. But because of the
way that the Japanese are now configured with the fifteen
(13:32):
percent baseline tariff and others from US goods, they're like, yeah,
you know, maybe we'll go elsewhere. I just read Toyota,
Honda and all these other companies are about to take
a fifteen percent haircut on most of their profits. I
don't have problems with a lot of this stuff. Per se.
I'm not a defender of Toyota Honda's profits, but I'm saying,
you know, what would you want to do instead of
some baseline tariff where the Japanese are going to buy
(13:53):
are filthy American rice? Great for japan Congratulations, you can
have the same hormonal problems that we do. Instead, you know,
we would want to encourage Toyota Honda and all this
to continue the policy that they've been doing, which is
building facilities here in America. This is my point about
strategic tariffs and all of that. You know, China again
is actually getting a more of a red carpet experience
(14:14):
than all of the other countries surrounding it, which the
policy of some sort of pivot to Asia would make
make any damn sense. America right now is addicted to
Europe and to the Middle East. It's like we can't
get away from it, can't take your eye off the ball.
I've been hearing pivot Asia in this town for twenty
years now, ever since the war in Iraq, never you know,
get anything about it. The whole thing really is preposterous.
(14:38):
It continues to be whenever you look continue down the line.
With the way that these American companies are acting with Trump,
I can't even believe this. It's unbelievable. Tim Cook went
to the Oval Office yesterday to present Trump with literal
gold like Trump is a Mongol king old like the
(15:00):
great Khan Ogadai and the Duke of Moscovy travels across
the step to present him with tribute God. That's basically
what's happening. I'm not making this ship up. Watch it
for yourself.
Speaker 2 (15:14):
This is.
Speaker 5 (15:16):
US Alifornia and this glass comes off the Morning Live.
It's engraved for President Trump. It's a unique unit of
one designed it career and the base comes from Betah
(15:37):
and is twenty four carat gold. Congratulations law the great
people of Kentucky.
Speaker 1 (15:46):
Great people of Kentucky. Listen, this is again country. Do
we want America? Do we want companies like Apple to
invest a lot more in America? Yes? But the problem
with this stuff is it's all headline. You know, grabbing
makes no sense. Put this up there on the screen.
This is from the Wall Street Journal. Because of the
way that Tim Cook and Nvidia's Jensen Wang have kissed
(16:08):
Trump's ass, they have now got themselves exempt from a
huge amount of the semiconductor tariffs, and video, by the way,
has pulled off the coup of the century. In case
anybody knows, there were previous chips, the Age twenty chips
were not supposed to be exported to China, which got
themselves a actual exemption from the Trump administration. Basically after
Jensen paid like a five million dollars or whatever to
(16:30):
a to attend some mar a Lago dinner and he
was actually at the White House just yesterday. But it's
all because of this. Now, Apple, what they say here
is like, oh, they're going to invest another one hundred
billion dollars, you know, to the United States. Well, if
you look, you know deeply, this was on top of
a five hundred billion dollar investment plan that they had
(16:52):
for America. Well it was just repackage spending plan that
they'd already put in their public documents according to all
of the industry analysts. So look, is it great to
have an extra one hundred bill Yeah, absolutely, But if
you read a little bit further, quote, Apple has made
similar announcements dating back It's investment though in manufacturing quote
(17:14):
paills next to its investments in China, India, and elsewhere
in Southeast Asia, where nearly all of its devices are made.
The reason why he's holding up that glass as some
sort of great thing is because that's going to be
the only part of the iPhone that actually comes from America.
And even then, it's not even gonna come from all
the iPhones. Okay, it's not like it's going to be
(17:36):
the exclusive supplier of the glass for all of the globe.
And you know, it's like this is where you know,
the Trump people they call you a hater and all
these things if you just read and you look a
little bit deep into all of this. And so people
need to wonder like is this an acceptable way to
be conducting our trade policies?
Speaker 6 (17:55):
Why?
Speaker 1 (17:55):
I find it just so like maddeningly stupid.
Speaker 3 (17:58):
Yeah. Absolutely, And this like that thing that you saw with.
Speaker 2 (18:02):
Oh, here's your here, sir, here's your your unique of
you know, personalized piece of glass and your twenty four
carrot gold base and what like, this is the way
our country is run.
Speaker 3 (18:16):
Now, this that's it. I mean, not only.
Speaker 2 (18:18):
Did he get you know, with the chips, he's gotten
his car bounds there. There's actually a consumer electronics carve
ount with the India tariffs as well, which obviously massive.
I mean, it probably benefits Apple more than any other company.
And so this is why Wall Street has been okay
with this, because if you are a gigantic corporation or
a billionaire, you can pay the price of admission to
(18:39):
get your little carve ount and your goodies. I mean,
this is when we talk about like a captured oligarchy.
That's what we're talking about. People who can be in
the favored inner circle and they can get their needs met.
And as long as they play by the rules of
you know, total incomplete deference and going in and kissing
his ass and doing all these sorts of things, then
(18:59):
they're going to be the favored ones and they're going
to mass a tremendous amount of wealth. And if you
aren't in that inner circle, then who cares you get screwed?
I mean, the man is just completely for sale. And
that means that our trade policy and our foreign policy,
everything is completely for sale to the highest bidder. So
when you see Tim Cook, Tim Apple going into the
Oval office and making this fawning display, when you see,
(19:22):
you know, going back to the inauguration, having all those
billionaires and of the richest people in the world standing
behind Trump and doing similarly like slavish boot licking displays,
making these big and oh, we're gonna invest this much,
We're going to invest that much. A bunch of the
trade deals too. It's the same thing you covered the
EU trade deal. We're going to invest five hundred billion
dollars in the US. And it's like, well, I mean,
(19:43):
we can't actually enforce that, but it's a nice idea.
Speaker 3 (19:45):
He doesn't care. He doesn't care.
Speaker 2 (19:46):
He just wants the headline. That's all he wants. And
these stupid mainstream reporters, it seems like never do they
question it. They just get a press release from the
White House and they take it as gospel and they've
been taken for a ride. But how many times are
you going to be taken for a ride? I mean,
on all these trade deals, on all these big corporate announcements.
Number once do they look and go, well, you know,
maybe we should hold off a minute and see if
(20:07):
this is actually real. They just run with the headline
and that's all he cares about.
Speaker 1 (20:11):
Look, I mean, to the extent that I'll defend them,
it's that most of them are so dumb that they
literally don't know how to read. If you follow these,
I think you would have some if you just read
the Wall Street Journal, the Financial Times, there are excellent
trade of Bloomberg. You know the financial press. They'll tell
you all what's going on in the open. Let me explain.
I want to linger on the stock market part because
this has been driving me nuts when everyone's like people
(20:32):
predicted that the stock market would go down. By the way, guys,
if the tariffs are real, the stock market should plunge.
I'm being honest. Yeah, Like, if if you're actually going
to meaningfully change, meaningfully change the way that American companies
do business, specifically with China and bring back manufacturing, margin
and profit should be destroyed. That's I'm just I'm being
real with everybody. That's part of the reason why you
(20:54):
have to be, you know, careful whenever you implement this
stuff and also message it in a proper way. The
fact that the S and P some eighty percent of
S and P companies are beating earnings expectations for the
first time since twenty twenty one, that should tell you
something is that you know they don't really have to
do very much and can continue their margin of business
Wall Street, as you just said, has factored in the
ability for all of these major companies to at least
(21:17):
maintain quote good relations as Wall Street speak, with the
White House and either get themselves an exemption or find
themselves in a way whether they can continue some sort
of business as usual. The White House gets to claim
some x billion dollars a month that they're taking in
in tariff revenue. Great, okay, but the point is that
it will lead to marginal price increase, but not a
(21:38):
fundamental way to change business. Just remember this. The Chinese
stock market is flat to two thousand and nine effectively.
Why because they don't care about profit. They care about reinvestment,
about manufacturing and actually changing the way and making themselves autonomous.
At the end of the day, that's what they care
about me the most that they're really coming. So yes,
Shanghai stock market doesn't do all that well. That should
(21:58):
tell you where our s and p I don't even
know what it would return from nine even with all
the you know, blips and all of that. It's still
it's unbelievable the amount of returns that we have gotten here.
But everyone needs asked themselves, are you actually richer than
you were in two thousand and nine.
Speaker 3 (22:13):
I would bet well I answer that question a moment.
Speaker 1 (22:15):
Yes, yeah. So with that we'll give you the view
people liked when we pulled a clip last time, so
we've pulled one again from Republic TV. Are not Gaswami,
the Arena Goswami. He is the Tucker Carlston of India
Nationalists over their supporter of the Modi government. Here is
the view from India's one of the more popular television stations.
Speaker 6 (22:34):
Ladies and gentlemen, it is time for the nation to
really come on together because it is now Donald Trump
versus India. Donald Trump is foolishly continuously and desperately announcing
a trade war. Day after day, he keeps escalating it.
And he's just announced about an hour back about total
(22:55):
of cumulatively fifty percent out of so on India. That's
twenty five percent that was already there, an additional twenty
five percent because we are buying oil from Russia, so
reciprocal and additional fifty percent naga Donald Trump tariffs for India.
(23:16):
And we say tonight to Donald Trump, bring it on,
Bring it on.
Speaker 1 (23:22):
Ladies and gentlemen.
Speaker 6 (23:24):
And that's been our response We've told them that you
can't touch us, you can't really impact us.
Speaker 1 (23:33):
That's what they're saying there, all right, I mean, listen,
are they going to cave? I don't know. So far,
the Modi government has put out statements basically saying screw you,
we don't care, We'll pay the tariff. And the line
in India is is pretty ironic because you guys buy
a bunch of hexafluoride and other products from Russia and
then you're coming to us and telling us not to
take it.
Speaker 4 (23:50):
I mean.
Speaker 1 (23:50):
And by the way, here's the best part Indian is
so Russian oil refined in an Indian refinery is exempt
from the tariffs if you export it to the United States.
So if you are, if Indian companies export oil to America,
they will be exempt from the tariff. Make it make sense,
to make it all makes sense. Last update here on
(24:11):
the Ukraine front, let's put a seven pleas up on
the screen. Trump's yesterday said that there was quote a
good chance that he would meet with Vladimir Putin soon
about the war in Ukraine. Apparently, Putin is the one
who initiated the meeting during a meeting with Steve Witkoff
recently in Moscow. It would also have some sort of
trilateral meeting allegedly. I don't know if this is you know,
(24:32):
all this still needs to be negotiated together with Putin
and with Zelensky to try and bring an end to
the war. I think it would be great if it's
actually real, But you know, there's a lot of problems
for both countries, and Putin himself is basically called Trump's
bluff at every single turn of this. Every time they
say that we're going to have a ten day deadline,
fifty day deadline, Medvedev and the government are like, okay, fine.
(24:54):
So same with the Indian government so far, same with
the Brazilian government. As I said, you know, Indian exports
and all that, I'm not going to say it's going
to be nothing. It's about seventeen percent or so of
their economies exports to the United States, so fifty percent
would be you know, it'd be devastating for a significant
large part of their import export business. But just I
recently saw that India will likely attend a meeting of
(25:17):
the SEO with the Chinese. They would be meeting with
President she for the first time since twenty nineteen. Apparently
the Russian foreign minister and others are planning trips to
New Delhi. So congratulations, you know two our trade policy
now so far most other countries have bent the need
to the US. I still would not put it past
Mody in them. They're trying to play it cool, but
(25:37):
they do think that eventually they'll be able to come
to some sort of agreement. They don't think this is
really about Russia. Maybe they're right. I'm not so sure,
but you know, it is regardless what you say publicly
does still matter. India has politics, is a democratic nation.
Last time I went there, I was shocked at anti
US sentiment for years, you know, the dream of coming
(25:58):
to America and all of that was solid. But the
browbeating they took from the Biden administration over the Ukraine conflict,
they were furious, furious about. It really splintered a lot
of relations. So I can't even imagine, you know what
this will do. Yeah, and this was a close relationship
Trump and Mody. They had an event the first term.
It was called like Howdie Mody down in tax I Mean,
this was like a major thing that was sold from
(26:22):
the administration about this pivot to Asia, the cultivating of
the Indian relationship, and he basically set it on fire
in the span of a week. We'll see how it works.
All right, Let's go to this next one. We've been
wanting to talk about this for a while. Viral chart
that has gone everywhere recently, and you know, actually really
does say a lot about the state of America today.
(26:43):
This kind of gets to my point earlier. Are you
richer than you were in the year two thousand and nine?
If you have stocks, yes, If you have television, if
you measure your ability to buy a nice flat screen
LCD TV, yes, If you measured in terms of your
ability to afford an education, to afford a home, no,
you're actually a lot poorer. Let's go and put this
up there than on the screen. So this is a
(27:03):
quote estimated percent of thirty year olds who are both
married and homeowners. So, as they point out, back in
the year nineteen fifty, it was over fifty percent. Up
until the year nineteen ninety, it steadily was above forty
percent nineteen ninety where you basically had, you know, the
total financialization of our economy in the unipolar moment, NAFTA,
(27:26):
everything starts to come in. You see the precipitous decline
from nineteen ninety where you have some forty what is it,
forty two forty three percent of people who are married homeowners.
It drops to twenty ten to above roughly twenty two percent,
so you know, basically has in that time period, and
then after twenty ten to today it is now less
(27:46):
than fifteen percent, probably somewhere between seven and eight percent
of people who are estimated thirty year olds, both married
and homeowners. It makes sense, I mean, just take a
look at the all the data that surrounds this. So
for example, let's go ahead and put what was is
a eleven please up on the screen, because this is
where it all kind of starts to come together. Here
(28:08):
you have the median yearly wage right there, which is
flat to nineteen seventy basically flat if you factor in
inflation to nineteen seventy nine. Take a look at the
median home price, which again this is all in real dollars.
Median home price was roughly around two hundred and fifty
thousand dollars back in nineteen seventy nine in today's dollars
(28:28):
and is now well over three hundred and fifty to
four hundred thousand, even that, by the way, has been fluctuating.
The other problem is that that factors in the entire country,
which in my opinion isn't really the right way to
look at it, because we have such consolidation in the
urban areas. If you look at the urban areas like
the top ten most populous cities and their urban metro,
(28:50):
it's roughly between five hundred thousand to a million dollars.
And in the megacities like Washington, d C. New York City, Chicago,
Los Angeles, Austin, Texas, Atlanta, any of those places, good luck.
You know, over the half a million dollar price range,
you're going to be making some serious compromises basically, no
matter what at that time period. Not to mention what
(29:11):
the mortgages are right now, somewhere around six point five
percent or something like that. If you have bad credit,
it's going to be a lot higher. So you're paying
double with a mortgage price that you would have just
four years ago for a home price that is roughly
either increased or at the same from that time. And yeah,
I mean it's just such a mystery. Then you know
(29:32):
why people don't want to have children, are putting off
marriage and having any sort of ownership in your society.
I actually think it's probably the most impactful statistic about
the home ownership thing, because it makes sense. You put
down roots, you have, you know, connections. If you're a rent,
you're fundamentally at the mercy of bigger economic forces than yourself.
(29:52):
You don't have ownership or stakes in society. And I mean,
I'm not going to say it's painting with a broad brush,
but mean something and so as that all starts to decline,
that's how you have Zoron. That's how you have Trump,
That's how you have I mean, so many of our
political socioeconomic forces stem from that, and so that really
does need to be the problem that needs to be attacked.
Speaker 3 (30:14):
Yeah, no, one, that's it.
Speaker 2 (30:15):
I mean, the core building blocks of middle class life
just get more and more and more expensive and.
Speaker 3 (30:21):
Out of reach.
Speaker 2 (30:22):
And you know, there's a lot that goes into that
that chart because you're talking about marriage age and you're
talking about home ownership. Yea, and some of these elements
are you know, are very cultural, right, It's a trend
across the developed world that you know, people are getting
married older. Of course, women entering the workforce means they're
you know, they're going to college, they're starting careers. That
(30:44):
puts off marriage, that puts off you know, having kids.
So those sorts of things play into it too. But
when you look at the really falling off a cliff
in the nineties, you can't just blame the feminists for
that one, because most of the introduction of women into
the workforce had happened prior to the nineties. So then
why does this metric fall off a cliff there? And yeah,
it's not a mystery. It's because houses got really really
(31:06):
expensive and so people couldn't afford it anymore. And it
truly is devastating in terms of you know, culturally, we
place a very high value in this country, in particular
on home ownership.
Speaker 3 (31:17):
That's not the case everywhere.
Speaker 2 (31:18):
Actually, the Nordic countries have more of a culture of
like of rental, you know, sort of like that's typical
and getting married later that's kind of typical. And so
the fact that you have this cultural desire to be
a homeowner and you have all kinds of government policy
that really rewards home ownership, I mean, the you know,
mortgage interest deduction, the being the biggest one.
Speaker 1 (31:42):
Capital gains is a big one.
Speaker 2 (31:43):
Yeah, And as a renter, you know, economically, you're just
like the way our society structure, you're just getting screwed.
And home ownership is also the way that most people
build any sort of wealth that they can then pass
on to their kids that can give them some sense
of stability. And so if this cornerstone, bedrock, pece of
the American dream is just being pushed completely out of
reach for people, they're having to wait till they're you know,
(32:04):
forty to fifty before they can even dream about it,
if they ever can at all. Living in one of
these big cities, Yeah, you're going to have complete disillusionment
with the whole bargain that is, so the whole sort
of social contract that is supposedly operating here in the US. So,
you know, it's I think it is. I think you're
right to say that this truly is at the heart
(32:27):
of what is going on with our politics. And it's
extraordinary that I feel like now is the first time
where there's really any political grappling with it, you know,
and it's not like long.
Speaker 1 (32:36):
We've been talking about this seven years. Yeah, yeah, for sure, I.
Speaker 2 (32:40):
Mean and just now do you have politicians even saying
anything about it. And I don't really have anyone having
like really great solutions that are at scale to actually
deal with the crisis. So you know this, it does
make people feel less invested in the country. It makes
them feel a sense of betrayal when you look at
what their parents were and their grandparents were able to
(33:02):
achieve and at what age, and it just feels impossible,
you know, for younger generations.
Speaker 1 (33:08):
Yeah, I totally agree. Let's gohe and put a nine
please up on the screen. Take a look at this.
This is the unpaid number of student loans by age
So more than one in six Americans are now in
serious delinquency rates. And the problem with that, thanks to
Joe Biden, you can't discharge any of that through bankruptcy proceedings,
not exactly being helped by a lot of the current administration.
(33:32):
This is the problem. This is for the older millennial set.
And I actually, you know, people often talk about this
with a zoron phenomenon. There's a lot of people who
are like, why is it educated liberals are becoming more
radical and it's like, well, in a way, and I'm
not saying this to put down like working class Americans
or anything. They quote did everything right, as in they
went to college, Like what was what was the message?
(33:55):
Go to college, you take out the debt, you'll be
able to pay it off because of the wage premium.
Wage premium obviously still exists. Going to college is still
generally a good deal if you don't factor in the dead.
If you look, you know, broadly at all of these things,
you'll move to a bigger city and you'll be able
to have some sort of like moderately accessible life. No
one's expecting to get filthy rich, but you know, they're like,
I'll be able to do X, Y and Z, And
(34:17):
then you know, I'm thirty three. So by the time
it's been ten years up since basically since you graduated
from college, and so then you start to look around
and you're like, I'm not seeing a whole lot of that. Actually,
for the most of the people who are able to
do that, even the very successful ones, people who are
pulling two three hundred thousand dollars per year, are still
like they might be able to buy a home, but
(34:38):
it's not really the one that they want. It has
a lot of trade offs. Now obviously, you know that's
how it works sometimes, but that's not the dream that
was sold. And especially in the Zoron context, I kept
saying this, and I said this on the Flagrant show.
I don't know why everyone acting is acting like one
hundred thousand dollars in New York is in any way rich,
Like a one hundred thousand dollars post tax is roughly
(35:01):
what seventy five thousand, seventy eight nine thousand something in
like New York City, state, local, and federal. So if
you take that over twelve and then you look at
the average rent price on a one or two bedroom
apartment and anywhere on Manhattan or like reasonably commutable, you
are rent port like almost fifty percent of your income
is being spent on rent, which has inflated massively inflationary
(35:24):
over the last couple of years. So yeah, of course
people are going to be upset about that. And then
you flip it on the working class side. Their wages
have been basically flat, as we showed there since nineteen
seventy nine, and then for a lot of them as well,
as we've seen the remote work thing kind of spread
wealth around the country that makes home price even less
(35:44):
accessible to them wherever they used to live. So Texas,
where I'm from, I watched the city of Austin go
from sleepy, not sleepy, but it was a college town.
It was the capital, okay, whatever, And now it's the
destination of tech and all of this. And now there
are places like Bastrup where Texans, well know what I'm
talking about, which is like forty five minutes out, and
even there it's apparently pretty dripping spring. I never in
(36:05):
my life would have imagined many of these places with
two million dollar houses that are apparently for sale, with
like luxury buildings and stuff. And so for those people,
let's say you were born and raised there, and let's
say you work at your father's plumbing business and you're
making seventy five thousand dollars per year, how are you
moderately supposed to be able to compete with that at all?
(36:26):
I hear the same about Atlanta, about Nashville, about South Carolina,
any of these places which are like lower tax havens
for people who are like second tier wealthy in these places.
And so that's kind of like a race to the bottom,
and it just raises the price for everybody. And I'm
not even talking about California, the most populous state in
the country, which is just all bunkers in terms of
(36:47):
its real estate. I don't even I genuinely don't even
know how people live in California. I don't. If you
make one hunred thousand dollars a year in Los Angeles,
I'm like, I don't even know what you're doing. If
you look at the gas price, if you look at mortgages,
your ability to buy anything, I don't know. You must
have a two and a half hour commute. I can't
think of anything.
Speaker 2 (37:02):
I mean, you'll see like, yeah, like a house like
an hour out from San Francisco. Oh, that's this tiny
you know, should be starter home, nothing special at all,
And it's like, oh, this is one point five million
dollars like insane. I mean, it's genuinely insane. And you know,
with the New York talking about zoron the knock on him,
(37:24):
it's like, oh, you want to raise tax on the weather,
You're going to chase all the billionaires out of the city.
And his rejoinder, which I think is really worth thinking about,
is you know who's actually leaving New York. It's not
the billionaires, the people who are leaving New York are
the working class, the middle class, the poor, like the
ordinary people are the ones who are fleeing New York
because they can't afford to live here. So how about
(37:46):
we have a policy that seeks to keep you know,
to make it possible for them to live in this
great city again. And I think that apparently has a
lot of appeal to a lot of New Yorkers of like, hey,
how about I'm able to afford to live in the
city instead of what worrying about like catering to the
whims of this you know, elite billionaire class. The student
loan debt. It is similar to the home ownership betrayal.
(38:09):
It is another betrayal to your point of a sort
of deal social contract that was offered to be like, Okay,
you're going to you know, school's expensive, you're going to
take out debt, you know, you're going to take these
years to go further your education.
Speaker 3 (38:20):
But at the end of.
Speaker 2 (38:20):
That, you're going to have that same kind of stable
middle class life that you know, your parents' generation may
have been able to achieve with like a union, manufacturing
or blue collar job. Now this is the new economy
and that's how you achieve that, and for many people
that has not panned out to be the case. When
you factor in how expensive healthcare is, how expensive housing is.
(38:42):
The dwindling wage room is still a wage premium, but
dwindling wage premium from going to college. It doesn't pencil
out the way that people were told that it pencils out,
and so it does represent another betrayal of Americans who
were promised one thing, and you know, we're sold a
false bill of goods. The last point I'll make this
the point shout out to Ben Norton made this, and
I think it's worth contemplating. You know, the original chart
(39:05):
that we showed of like home ownership and marriage age
just falling off a cliff in terms of being able
to achieve those things by the time that you're thirty.
It really starts to deteriorate rapidly in the nineties, and
one of the things that happened in the nineties was
the collapse of the Soviet Union. And so you know,
the part of what enabled the New Deal and sort
(39:26):
of kept capital in check was that you did have
this threat from the left of this alternative economic system,
which was alive and well in parts of the world,
and so once you have you know, the end of
history as it was being proclaimed at the time, and
it's just sort of like wild wild West, off to
the races. You see skyrocketing inequality, You see obviously skyrocketing
(39:48):
housing prices, skyrocketing you know, education, healthcare prices, all of
those sorts of things. And you see the country being
run increasingly more and more and more just for the wealthy,
just for the one percent, and the meager social safety net,
president after president after president, whether they're Democrat or Republican,
chipping away at that meager social safety net.
Speaker 3 (40:09):
And even though the.
Speaker 2 (40:10):
Cold War is over, right, why are we still you know,
we were in this arms race? Okay, now the Cold
War's over, can we roll back some of the military
industrial complex? Now more and more of our tax sellers
continue to go to support an ever increasing expanding Pentagon
defense budget and funneling billions into that military industrial complex
in spite of the fact that our primary geopolitical foe
(40:31):
was defeated. So, you know, we could talk about the
Iraq War, we could talk about the housing crisis, but
you know, I think it's worth contemplating why that point
in the nineties seems to be a true turning point.
And I think, you know NAFTA coming in at that
time as well as I.
Speaker 1 (40:45):
Think it's multiple things. It's NAFTA immigration, and these are
all stacked on top of each other. It's NAFTA immigration. Financialization,
the explosion of wealth student loans is a huge part
of it. All of that together. Nimbiism is also like
a major part of the story. And then globalization generally.
I mean, I've talked about this before, but part of
(41:06):
the reason that you know, especially at the higher levels,
if you look at the markets for like Los Angeles
or New York, well half of it's foreign owned. It's crazy,
like the global super rich just come here to park
their money and make it massively expensive. And then you
have they're all there like slaves basically work for them.
You know, it's private chefs or gardeners or whatever. This
(41:27):
stuff is real, Like it's literally like the Gilded Age
if you think about the level of staff and other
things that kind of spread out, and it actually amplifies
if you start to thinking about Instacart, you know, and
all these other different services that happened. Finally, though, we
did want to emphasize that there is a different way
of living. Let's go and put a ten please up
on the screen. This was from This is from Carl Za.
(41:47):
He's like a Chinese propagandist. I'll admit I hated Carl
for a long time, but I have been forced to
say that he is correct on many things. And here
he points from a twy and seven story, twenty seventeen story.
I apologize in China where they say, quote the country
where seventy percent of millennials are homeowners. China has one
of the highest home ownership rates in the world, including
among millennials. If you're aged nineteen to thirty six and
(42:09):
you don't own own your home, you're probably not reading
this in China, while young people around the world are
struggling to get on the property ladder. HSBC found that
seventy percent of Chinese millennials have achieved the milestone. In fact,
I just saw a statistic that some ninety percent of
people who live in a domicile in China are living
in something that was built after nineteen ninety. Flip that
around and think about that for America now rapidly developing economy,
(42:31):
it's a little bit different. We have legacy housing, stock,
et cetera. But the point being that the starter home
is alive and well in China. And compare that to
the stock market thing like I was talking about earlier.
So the actual building blocks of wealth or educate anything
in America is massively expensive, whereas all of the bullshit
is much much cheaper. So it's the inverse of like Midti,
(42:54):
of what you've become materially richer for, whereas over there
it's the opposite. You know, the stock market is flat.
Who cares you have it? You know, home, you can
get very cheap food. By the way, food delivery over
there doesn't have to be expensive. They got drone delivery
as cheap as hell. They've got you know, incredible public infrastructure.
They have no crime, and so people here are always like, oh,
(43:18):
the Chinese people yearn for democracy. I'm like, I don't
think so. I'm like, I think the system's working pretty
well over there. I mean, not if you're weaker or
Hong Kong democracy activists or any of that. But that's
the price that broadly they're willing to pay. And so
that's a lot of lessons I think for America, and
by the way, they have the coolest cars in the world.
That's it's true. It's true they do. I still need
(43:39):
to film my video soon to go drive some Chinese cars. Anyways,
let's move on to Epstein, shall we. Let's turn over
to the Epstein story. We've got a couple of new
updates here. We have Trump reiterating the Epstein files. It's
a Democratic hoax and it's total bullshit. Let's take a
lesson the two kids.
Speaker 3 (43:58):
Very good.
Speaker 2 (44:00):
That's gathering this evening to talk about how to respond
to the Epstein situation?
Speaker 1 (44:04):
Is he working on what hosting.
Speaker 2 (44:06):
Some kind of gathering of top advisors this evening to
talk about how to respond to the Epstein situation.
Speaker 1 (44:12):
I don't know.
Speaker 3 (44:12):
I could ask you that question.
Speaker 1 (44:15):
I don't know of it, but I think here's the man, right.
Speaker 4 (44:18):
Yeah.
Speaker 5 (44:18):
I saw a report today and it's completely fake news.
Speaker 2 (44:22):
We're not meaning to talk about the Epstein situation, and
I think the reporter who reported it needs to get
better sources.
Speaker 3 (44:30):
The whole thing is a hoast is put out by
the Democrats because we've had the most.
Speaker 2 (44:34):
Successful six months in the history of our country, and
that's just a way of trying to divert attention to
something that's total bullshit.
Speaker 1 (44:43):
Total bullshit. That's his line of the Epstein files trying
to differ attention. Apparently that's the media and not the
actions of the Trump administration. Okay. That was also, by
the way, Jadie Vance was responding to a story which
we'll return to in a little bit, where there was
some story reported by CNN that they were going to
convene some grand Epstein meeting of the Principles to figure
out how they were going to handle it. But we
(45:05):
couldn't help but flag this from the Times of Israel.
Our friend Glenn Greenwald was able to find it. Let's
go and put this up there on the screen, shall we.
So here we have a rabbi is a blogger for
the Times of Israel. Joseph, how would you say that? Yenoski?
All right, we'll go with that. With that, Trump and
his administration criticized Natanyahu and Israel, he writes, quote, and
(45:30):
now the Epstein files are haunting him. For a long time,
the files had subsidized in the background, but they were
considered to be a much of a more threat to Trump.
All of a sudden, right after he started up with Israel.
The file surfaced, and they seemed to be overwhelming him,
he writes. He continues, now some old files are threatening him.
Perhaps Trump will realize that it really doesn't pay to
(45:52):
start up with Israel, because when by divine providence things
that were hidden become revealed, it enable people to correct
their mistakes and to endeavor to live their lives properly
the way God with a dash wants them to. Okay,
all right, let's listen. I mean I sometimes appreciate when
(46:13):
people say things out loud but incredible. All right, let's
give the caveat. It's a blogger in the Times of Israel.
I will say, I think it's crazy that they even
publish it, just to be fair, like, didn't even to
make that sort of accusation. What does he know? Well,
it fits with a broader pattern of evidence. I know
Ryan and Emily covered the photos from the Epstein story
from the New York Times a couple of days ago,
but there were some specific Israel connections in there that
(46:35):
I think are very important. Let's go and put this
next one, please, So this is from a you'd Barack,
former Prime Minister of Israel. I've talked a lot about
his relationship there with Epstein, flew on the jet a
number of times, stated Epstein's residence whenever he was photographed
going into the Epstein residence, tried to cover up his face.
Received millions of dollars from Epstein via the Wexner Foundation,
as well as an investment into his defense startup company
(46:58):
in twenty fifteen. Well, apparently Glaine or whatever Epstein's staff
always would compile these birthday messages to Jeffrey Epstein. So
here twenty sixteen. So you know, years after Epstein is
a registered sex offender. Here's what Aude Barack writes in
his birthday message to Epstein. Quote, there is no limit
(47:19):
to your curiosity. You are like a closed book to
many of them, but you know everything about everyone. I
would also be remiss if I didn't read this one
from Mortimer Zuckerman, one of the most powerful media figures.
He's who said quote suggested ingredients for a meal that
would refrect the culture of the mansion, A simple salad
(47:39):
and whatever else would enhance Jeffrey's sexual performance. Next, apparently,
let's go to the next one. Please be three. Well,
Epstein apparently had a preserved map of Israel signed by
Barack in his New York mansion. As I say here,
apparently there was also assigned Bill from Bill Gay. There
(48:00):
were literally visible cameras in the bedroom, a first edition
copy of Lolita, which has got to be one of
the creepiest things I've ever read, and then photos with
some of the richest and most powerful people. I would
be also remiss if I didn't flag. There were a
number of Israel firsters who were very mad at me
for flagging the fact that he had a map of Israel,
(48:23):
and they were like, why didn't you talk about his
pictures with MBS the Crown Prince of Saudi Arabia or
some of the powerful one of the powerful shakes in
the UAE. And I'm like, that's not the own that
you think it is, because what it does is confirm
the arms deal connections that I've talked about now and
why it makes him a most odd asset. So you're
actually approving my point. The fact that he had high
(48:45):
level connections to the Saudist proves my point that he
was connected to add non Koashogi, and that verifies that
he was somebody who was dealing in shadowy arms trafficking
networks and probably was involved in things like or at
very least like tangentially knew the principal actors involved in
Iran contra and in funneling weapons between Saudi Arabia and Israel.
(49:06):
Oh sorry, that's right. So not the own that you
think it is.
Speaker 2 (49:09):
Not Mentally, these people never go and check and see
if you've criticized Saudi You're like, as if we don't
criticize Si Arabia here, if you ever criticized like cutar
you a like, go look at our coverage.
Speaker 3 (49:21):
And be relieved that. Don't worry.
Speaker 2 (49:23):
It's not only the Israelis that we criticize.
Speaker 3 (49:26):
But Sacer. Don't worry.
Speaker 2 (49:27):
We can put the next piece up on the screen.
Because Glene Maxwell, in her Queen for a Day limited
Immunity meeting, she says Trump did nothing wrong. Oh okay,
and she is a very trustworthy source. And I'm sure
not at all just telling the Trump administration what they
want to hear so that she can get her you know,
her move over to the club bed in Texas and
potential pardon down the road. I'm sure that's not what's
(49:49):
going on here at all. I mean, it's just insane
that they actually think well, I shouldn't say that, because
you know what a lot of Trump's biggest supporters will
actually believe. Oh yeah, they will actually take this as
a look. See the lan is that it's fine. They're
reportedly considering releasing the transcripts from the interview so that
they can try to exonerate Trump.
Speaker 1 (50:08):
I mean here, I would be for it no matter what.
I still think we need transparent, sure in the case.
But this is not I've said it before. This is
why you need a special prosecutor behind the deeal so
that there's no obvious political influence on what she is
or is not saying. It may be true, but you know,
why would anyone actually trust what she has to say
when she's genuinely gambling for a pardon and is already
(50:31):
receiving special treatment. By the way, do you know what
the current strategy apparently is for how to launder all
of this. It's not to actually release the Epstein files.
It's this, let's go and put this next one. I
love this. Senior Trump administration officials quote are reportedly looking
at using Joe Rogan to help tackle the lingering fallout
from the Epstein crisis. So they noticed that Joe said
(50:53):
that the Epstein stuff was quote a line in the
sand in terms of the way that they were in
terms of the way that it was all being handled
and covered up by the Trump administration. So their theory
is to send the Deputy Attorney General on the show
to go and basically talk about all of the handling.
They would rather do that than release any of the
Epstein files. Now, actually, I'm not so sure that Joe
(51:15):
even have them on at this point without the release
of the files, because the Cash Betel thing was such
a disaster and he was like, I knew it was
bullshit at the time. I didn't even really know what
to say. And he's like, and the way that it's
all handled afterwards, He's like, this is just the most
insane shit that I've ever seen. So maybe in some ways,
let's let's agree to this. Todd Blanche can go on.
(51:37):
What bring on Dave Smith or somebody else, bring me up, coffees, anybody,
all right, have somebody else on who knows something about
the case. Let them sit across and be like, okay,
let's talk, you know, let's go.
Speaker 2 (51:47):
Because as Cash was spinning his bullshit, I mean, it
became an infamous moment was no doubt, and you could
tell that Rogan was like, really, what after the fact
he made this comment. Rogan made this comment that was like,
what was I supposed to do?
Speaker 1 (52:00):
Push back?
Speaker 3 (52:01):
And it's like, well, yeah, you could do that, you
could do that. When he's sitting there.
Speaker 1 (52:05):
He probably just this is it is such in the
weeds that if you don't know, it's very easy to
be bullshit it. And I mean this too from the
FBI case and from the from the the way the
FBI handles it. And I've done this before, you know,
going back and forth with the people who are skeptics
or others in general, they just don't know what they're
talking about. I mean, no, I'm not demanding. I'm not
(52:25):
I think you should have pushed back. I agree with you.
Speaker 2 (52:27):
Rogan has covered this like it's not like it's some
side issue that he hasn't thought about before. He does
know a lot of details with regard to this. So
in any case, I don't know that having I don't
know even if they have Todd blanche on with him, yes,
and even if he doesn't bring in someone for backup,
which I don't think they would agree to anyway. But
even if he doesn't do that, like, I still don't
know that that would go well for the Trump's administration
(52:49):
at this point, because like, you've blown it, it's over.
Speaker 3 (52:52):
No one's going to trust you on this. It's done.
Speaker 2 (52:55):
People believe rightfully so that there's a cover up. I mean,
we know the reporting his name was in the fight,
his name was flagged in the files, his name was
redacted from the files, like we know it was there,
and know like, oh, well Kallainne Maxwell says that he's
all clear. Is going to assuage those concerns at this point,
like basically the ship is sailed, and probably politically their
(53:17):
best move is to just try to stop talking about
it and try to change this.
Speaker 1 (53:19):
Thus, oh absolutely, and then they already apparently believe that
it's you know, it's quote dying down. I would not.
This is where I really believe Republicans have a Twitter problem,
because it used to be the left had of Twitter problem,
right it was the echo chamber, and people thought that
that was representative. I now think the opposite, where people
spend way too much time on Twitter, which is I
(53:41):
mean the algorithm and everything MAGA except obviously dominates on
the platform. It's like, spend some time on some of
the other social media platforms. All right, goa type in
epstein on YouTube, which is way bigger than Twitter and
used by billions of people. I can even show our
I look at our demographics. A lot of the people
who watch those videos, they're not foreigners, the Americans, so
I know that there are citizens at the very least.
(54:03):
And guess what, there's a lot interest in the story,
not from me, not just from us, all over the internet,
from Alex Jones to coffee Zilla to anybody else. I
mean my episode with Tucker Carls. The only person who's
beat me recently is Candice apparently, so you know, can't
compete with the particular transvest Yeah, I gotta do a transvestigation.
But I'm just saying, you know, if you look at
(54:24):
the number of views and other things for people who
are informed and are skeptical on the case, I'm talking
literally millions, tens of millions if you count up just
over the last couple of weeks. They recognize that in
the election as supposedly you know, powerful and all of that,
but now you know, they think it's dying down because
they're maga activists or whatever on Twitter aren't talking about it. Listen, guys,
(54:45):
that is not even one, you know, iota representative of reality.
Speaker 2 (54:49):
I don't know if they even really believe that either though,
because I mean, to me, the fact I know you
and Miyan did a great job covering like the jerrymandering story. Yeah,
that represents a freak out of.
Speaker 3 (55:00):
Like, oh shit, we're good, like we're going to lose and.
Speaker 2 (55:03):
The Democrats are going to have some subpoena power and
we could be hosts like this could be actually bad
for us, because I don't think Trump like really cares
about Republican control outside of how it like directly personally
impacts him. But with this story and with Democrats like
Rocana and others smelling blood in the water, yeah, this
could be a real problem for him. So to me,
(55:24):
that was them pulling the fire alarm of like, oh shit,
how can we rig this election so that we don't
end up with Democratic with a large Democratic majority that
can basically do whatever they want, you know, in terms
of like subpoena power, investigations, et cetera after the midterms.
So I think they on some level do recognize that
(55:44):
they are in big trouble with this.
Speaker 3 (55:46):
And then the other thing it assumes.
Speaker 2 (55:47):
It assumes is that there are no more revelations, which
is a big assumption because the media also smells blood
in the water, and you know, you may have whistleblowers
inside of the federal government who are not too happy
about the cover up that's being effectuated. You never know
what's going to come out of the woodwork. So if
you're assuming they're going to be no more revelations, we've
(56:09):
got this under control. And then the other big question
is what do they ultimately do with Glaine, because if
they give her a pardon, I mean, that is so disgusting.
I just can't even It's so disgusting. This is a
horrific person. The fact even that she got this move
to Club fed in Texas is disgusting. And apparently we
could be six up on the screen here. NBC News
(56:31):
saw some message from an EXBOP official who said that
this move to this cushy prison camp is a quote,
travesty of justice. One person wrote on the Bureau of
Prison's Staff and Retirees Facebook page. Quote, as a retired
BOP employee, this makes me sick since when our sex
offenders allowed at the camp. Another roade, I don't care
who she snitched on. She is a damn human trafficker.
(56:53):
In the private Facebook book group, a member who identified
themselves as a staffer at the Florida facility where Maxwell
had been held, so that they weren't going to miss her.
Speaker 3 (57:01):
However, quote glad to be rid of her. She is
an absolute pain in the act. But this is there.
Speaker 2 (57:07):
What they're pointing to here is sex offenders are not
supposed to be period at.
Speaker 1 (57:12):
All federal prison camps.
Speaker 2 (57:13):
In the federal prison camps where it's I mean, listen,
I'm sure being in prison sucks, even at the nice prison,
but it's a much better deal. You can roam around
the grounds. There's not like the giant you know, the
barbed wire fences, like a lower fence. It's also much
less secure, so if she wants to get out or
someone wants to get at her, she's much more vulnerable
(57:33):
and exposed. There's a lot more programs available, there's a
lot more sort of autonomy that's offered. Elizabeth Holmes is there.
I mean, this is like where you know, it's the
type of place Martha Stewart would be sent to. You know,
white collar type of criminals. That's who's typically there. Sex
offenders are not supposed to be there. So I think
the other possible political fallout is if Trump continues to
(57:56):
cater to Glaine Maxwell and cater to her desire to
get out of any prison at all.
Speaker 3 (58:02):
There will be political fallout from.
Speaker 2 (58:04):
That as well, because no one is buying that she's
just exonerating him and there's nothing to see here. If
he lets her out, if he gives her a pardon,
or the government drops their opposition to her appeal at
the Supreme Court and she is set free, everyone is
going to conclude from that it's because she had the
goods on him and he had to cut a deal
(58:24):
to make sure that she stayed quiet. So, you know,
I think if they are deluding themselves to believe that
this is over, this is quieted down, that they've handled it. Yeah,
it's not at the sort of existential fervor that it
felt for a moment, but that could change on a
dime like that.
Speaker 1 (58:41):
Yeap, I totally agree.