Episode Transcript
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Speaker 1 (00:00):
So amazing that the Dems are up in arms over
Trump's White House renovations. Trump is doing it with private donations,
But when Obama did it back in twenty ten for
a cost to taxpayers of almost four hundred millions, didn't have.
Speaker 2 (00:19):
A problem with that.
Speaker 1 (00:20):
Oh and Obama added a basketball court because hey, that's
when every White House needs a basketball court.
Speaker 3 (00:29):
Well, let's go back even further. The West Wing has
not always been there. The East Wing is a completely
separate structure. I mean, it's attached too, but it's a
separate structure from the main White House, the West wing.
If I recall correctly, I think the West Wing was
built by Theodore Roosevelt. I think the East Wing was
(00:53):
built by FDR. I may have that flip, but was
one or the other. I think that it's obviously Trump
arrangement syndrome. But it's obviously just and I've said this,
it's jarring to see that iconic structure that you know,
(01:15):
it's also you know, speaking of perspective and speaking of
how we have our blinders on for anyone who is
alive today, that's probably the only I I mean, obviously
Theodore Roosevelt president back in the early nineteen hundreds, FDR
(01:38):
back in the in the nineteen thirties, nineteen forties, so
it there might be some that would be alive that
might remember the construction of whichever one it was that
FDR did. I apologize just I just don't remember which
one it was. But for the majority of us, the
(02:00):
North Portico, that's where Pebble Beach is. That's the gravel
road that comes in off the street, and it's where
the television stations set up to do their reports, and
that's where the Christmas decorations are usually put out. That's
where people walk along Pennsylvania Avenue across from Lafayette Park
(02:23):
and they see that that's the iconic structure that we
all see and that we've seen since we've been in school,
and now that we see it being torn down, it
takes our breath away. Oh, look at that. They're destroying
what we think is a historical structure, which is obviously
(02:44):
it is a historical structure, but it's not historical in
the sense that, first of all, the White House didn't
exist in seventeen eighty nine. The district that was not
the sea of government. The original seat of government was
in New York. They started out out in Philadelphia, they
go to New York, and they eventually end up in
what they create out of Virginia and Maryland. They create
(03:06):
the District of Columbia. And then we build a White House,
and of course it almost gets burned down. You can,
I don't know whether you can still see it or not,
but down in the basement near the Presidential Emergency Operations
Center of the PEOC you can actually see some of
the burn scars where the bridge tried to burn it.
(03:29):
You can see some of the pop marks where you know,
cannon balls or musket balls, excuse me, what hit it.
So for Americans, it's a historical structure and to see
it being torn down is jarring. It's like, oh, what
(03:50):
what's going on here? Because it's changing something that we're
just accustomed to. And while it is history, and while
it is a symbol of American power, as is the
US Capital, nobody seems to recall that when the when
(04:12):
the Capital Dome was completely covered with scaffolding, you you
couldn't see the dome at all. It became like a
square box because they were doing remodeling and repairs and
renovating on all of the Dome. Nobody bitched the moaning
about that. But now Trump's doing this, and so now
(04:35):
everybody's upset. So you had you had it first built,
just the very you should go look at and find
the historical picture of the original structure absent the east wing,
absent the west wing, and just look at the original
White House. And I'm telling you from obviously being in
(04:56):
it a lot, it's it's a really tiny place. It's
not very big. And what he's building on the where
the east wing currently exists is this huge ballroom I
think ninety thousand square feet or something. And I'm certain that, oh,
I'm you know, it'll be fine, It'll be just fine.
(05:19):
But if Theodore Roosevelt, Franklin Roosevelt, Richard Nixon, Bill Clinton,
Barack Obama, who am I leaving out? I mean, there's
other presidents who have changed different things and done different things.
Everybody just chill. And then the next thing I hear that, well,
(05:40):
it's not being paid for by taxpayers, ah a little,
but it's being paid for by evil corporate giants that
are looking for favors. I find that pretty cynical. Now
I understand that people in d C or people who
have business in DC are always looking for something. But
(06:04):
aren't we all? Aren't you? When when there's a Christmas
party at your office and you have a ten dollars
gift limit, do you ever kind of slightly exceed it
because you want something just a little nicer, because you
want to give that to your boss, because you want
(06:25):
to kiss ask just a little bit? You know you do.
Everybody always wants something. It's the nature of mankind. It's
the nature of human beings. So when these companies give
donate to help build this ballroom and reconstruct the east wing,
(06:47):
yes they want something. And some of that may be
to be very crass. It may be that they want
to be remembered, or when there's a plaque put up
for the donors, they want their name on that plaque.
Let me ask you this. If you had the opportunity
(07:07):
like the Rockies. Remember didn't the Rockies do the pavers
and you could buy a paver when when the course field.
Speaker 2 (07:15):
The bricks out front.
Speaker 3 (07:17):
I think I bought one. I think I think somewhere
in well all those papers, I think my name's.
Speaker 2 (07:22):
Out there a lot one that says Michael Brown.
Speaker 3 (07:23):
I think so. I think I think I need to go.
Based on the Rockies record, I think need I need
to go chisel it up with rock claw back. But
if if Trump were instead to say I want the
American people to do this, and there were which would
be kind of impractical, because you know, thousands of people
whould want to donate. Wouldn't you want to donate? So
(07:46):
that somewhere in a record was that you know, you
or your family or your family's estate or whatever, gave
you know, one hundred dollars or one thousand dollars or
ten thousand or one hundred thousand dollars to help rebuild
the White House. I would do that. I give a
couple of bucks to seventy five. I'd give two dollars
and seventy five cents to get my name on the list,
(08:07):
just to irritate people, for no other reason. I do
it just to irritate people. And I wouldn't put my name.
I wouldn't put Michael Brown. I'd put Brownie just to
irritate those people that don't like me.
Speaker 2 (08:17):
You do it a heck of a job, Brownie, that's right.
Speaker 3 (08:19):
I put You're doing a good job, Brownie. And I'd
put that up there just a pess I'm off or
to have or to even better having reject my contribution,
because then I can make hay out of that too.
So everybody just calm down. Here, you're I here, I
am telling people, and calm down. There's the irony of
(08:41):
the day. Oh let me do this real quickly before
I get to energy or to rare earth. Maybe this
is all the same thing. Maybe it's tied together. This
comes to us from newser dot com. They did yesterday.
Early trials involved oxygen carrying liquor would delivered rectally could
(09:02):
help patients with breathing issues. I don't need to read
the rest of the story.
Speaker 2 (09:09):
Because it says it all. You don't need to go
any further it.
Speaker 3 (09:12):
Right, Because I'm thinking that if I'm having like a
little struggle, like maybe a little asthma or the little
chest congestion or something, and you stick some sort of
oxygen caring oxygen carrying liquid rectally up my butt, you
don't think I'm gonna go breathing problem solved. I don't
(09:34):
think we need to cover the rest of the story. Dragon.
I think that's it, isn't it a technique that once
snagged a Nobel prize for its oddball premise has cleared
its first human safety trial, and it involves but breathing. Breathing,
(09:56):
The official term is intventially. Go on, there's the word.
There's the phrase for the day. This program today is
internal ventilation. There's a new study publishing the journal med
(10:16):
marks a potential step toward a new way to deliver
oxygen to patients who can't breathe well, especially newborns. See,
this is serious stuff. Inspired by turtles and dragonfly nymphs
that can absorb oxygen through their rear ends. There's something
new I've learnt right there.
Speaker 2 (10:36):
You didn't know turtles could breathe through their butts?
Speaker 3 (10:38):
Did you know that butterflies breathe through their their rearia?
I guess rector area is kind of redundant. I didn't
know that, or dragonfly nymphs. I should be more specific,
Doctor Takinoway. Takabi and his team wondered if mammals might
benefit from a similar technique. The researcher's usually liquid called
(11:01):
cygon s. You gotta get me larger font. You just
got to get me larger font.
Speaker 2 (11:06):
Are you hundering? Thirteen? You can't read this?
Speaker 3 (11:09):
One hundred and thirteen year old fart with glasses having
hard and well.
Speaker 2 (11:14):
Let me, do you even have your reading glasses on?
Speaker 3 (11:16):
No, I have my computer glasses on. Let me change
my reading glasses. Ah much to beat. That's probably so
much better now it is much better. That's much much better.
I can't center and change glasses all day long. I mean,
I don't get paid to change glasses. It's not my contract.
Let's see. The researchers used a liquid called per Flora
(11:39):
decolin per Flora decalin, which can hold up to fifty
times more oxygen than water. In what a release describes
as an animal like process, the scientists administered the liquid
into twenty seven healthy Japanese men, who were then asked
to hold it for an hour.
Speaker 2 (12:00):
Uh huh yeah, right, an oxygen infused liquid.
Speaker 3 (12:09):
Squirt it up your butt, yep, and then you're asked
to hold that for an hour?
Speaker 2 (12:14):
Uh huh?
Speaker 3 (12:15):
Is that like taking a laxity And then you're in
the middle of your of the situation with Michael Brown
at seven eighteen, and you really need to go, but.
Speaker 2 (12:23):
You can have a break and you just clench it.
Speaker 3 (12:25):
You gotta clinch, baby, clench.
Speaker 2 (12:27):
Power through baby.
Speaker 3 (12:30):
Most is the key word most managed the task, meaning
some did not manage the task.
Speaker 2 (12:40):
But I don't think I can hold it for an hour.
I don't know about you.
Speaker 3 (12:44):
Suddenly your voice sounds better.
Speaker 2 (12:46):
I've got some tea stuff that they think.
Speaker 3 (12:49):
Oh well, I just thought maybe it was the topic
the sudden that you were excited about. You know, I'm but.
Speaker 4 (12:54):
You're only going to get this type of topic on
the situation with Michael Brown featuring Dragon Red. Yes, the
only place you're gonna get butt breathing right.
Speaker 3 (13:05):
The topic for this hour was scheduled to be rare
earth minerals, which I guess it is somewhat related. You know,
this is kind of rare and you could you know,
if it do it outside it hardens into a mineral, we.
Speaker 2 (13:19):
Can earthy notes to it.
Speaker 3 (13:21):
Yeah. Yeah. Crucially, no side effects were reported and the
liquid itself wasn't absorbed into the body. This initial test
did not actually involve oxygenated liquid. Well then, what how
can you say that this test was a success when
you're trying to deliver oxygen through the butt and then
you tell us at the end of the story, oh,
(13:42):
it didn't actually involve oxygenated liquid. The goal was simply
to check if the procedure was safe for humans, and
so far, so good. The next step is to try
the process with real oxygen still on healthy volunteers before
moving to patients with breathing problems. Successful, the technique could
eventually offer a simpler, potentially less damaging alternative to mechanical ventilators,
(14:07):
especially in places with limited resources. The question is I'm
assuming that the even though they call them volunteers, I
assume that this is the kind of thing where you
get some compensation for it.
Speaker 2 (14:22):
Yea, how much would it cost for you to do
this experiment?
Speaker 3 (14:25):
And that was the question I wanted to ask. How
much would you require before you let them stick something
up your butt that was some sort of oxygenated liquid
and then required to hold it for.
Speaker 4 (14:36):
An hour more or less than what you would pay
for for a brick at the White House?
Speaker 3 (14:43):
Yeah? Okay, yeah, how do I segue into rare earths segment? Okay?
Thank you. Stephen Moore on on Fox Business yesterday was
talking about rare earth minerals, and then it just coincidentally
last night I'm listening to one of my international geopolitical
(15:07):
podcasts and it's talking about how Australia and the United
States have more rare earth. In fact, Australia in particular
has more rare earth materials than does China. And where
China is mining these what this one particular rare earth,
(15:29):
there is a higher rate of diseases because it's forced labor,
force mining. I don't think it's the weakers. I think
it's somebody else. It's just regular Chinese families. It's just
huns that they're just sitting there because they don't remember.
Communists don't care about their people. We have more rare
(15:51):
earths than any nation on Earth, estimated at twelve trillion
dollars in value. So why are we allowing ourselves to
be dependent upon China? Why do we run the risk
of automobile production lines coming to a halt, or you know,
(16:15):
computer production lines or smartphone lines, whatever it might be
that require rare earth. Why are we allowing the potential
for those production lines to come to a halt when
we have more rare earth than any other nation on Earth.
And then we got Australia and we just signed a
new deal with Australia because of endless permitting processes, bureaucracy, lawsuits,
(16:42):
Land bands that forces us to depend on China and Russia.
When I talk about this country committing our own national suicide,
this is a great example of it. The problem is
we don't have a mineral shortage. We had a leadership shortage.
And it turns out once again that huh, we just
(17:03):
needed a different president. I got to be honest here,
I kind of find myself longing for the kind of
energy crisis involving crude oil that we boomers lived through
during the nineteen seventies. As I strive to convey to
you the currently evolving crisis related to rare earth and
(17:25):
critical energy minerals, I really don't want us to suffer
through what we went through. The shock to the economy,
the shock to your pocketbook when gas went, you know,
from thirty five cents a gallon to oh my gosh,
it's fifty cents a gallon, and then the time it
hint a dollar a gallon, and the pumps literally didn't
(17:47):
have a space for the one, so some stations would
take a magic marker and paint a one over there,
so it was really a dollar ninety five that you owed,
and not ninety five cents. The arab oil embargo of
nineteen seventy three.
Speaker 5 (18:05):
Morning, Michael and Dragon, Well listen, I'm gonna be honest.
We went straight from from butt breathing to rare earth
minerals to energy, no segue, which somehow worked. I think
somehow no segue is the best segue, and it made sense,
(18:26):
and we all just just kept on moving.
Speaker 3 (18:29):
Well done, thank you. This is what we tried to do.
We just want to keep on moving. We'd like to
just like we'd like to keep moving on up. As
a Jeffersons used to see, just moving on up. The
Arab oil embargo of nineteen seventy three, anybody remember that?
Raise your hand, all right? It was pretty simple. Saudi
(18:54):
Arabia and the other Arab states wanted to get higher
prices for all their massive supplies or crew oil, and
they got that through basic economics by withholding millions of
barrels per day from the global market. Until you know,
because now you've got to reduce supply. You have the
same demand, but less supply, prices go up. Duh, Chimney Christmas.
(19:19):
They got to teach that in college, They got to
teach that in high school or junior high and then
they leverage their market position to maintain those higher prices
by continuing to manipulate the supply through OPEC, the organization
of patrolling next sporting countries. It was obviously painful to
(19:40):
the pocketbook, but it wasn't very complicated. Now. I didn't
understand well, I you know, I take that back. I
did understand a little bit about the world in nineteen
seventy three. No, it's none of your business. How old
I was, you know, so I kind of understood what
forty seven? Yes, so, but it doesn't mean I understood anything.
(20:04):
I didn't really understand anything until I got to be
eighty two. Then I stopped finally started to figure it out.
Speaker 2 (20:09):
That's when you ran for president, Right about.
Speaker 3 (20:11):
The time, That's right, that's when I decided to shoot, Yeah,
I might as want to run for If he can
be president, why can't I be president. I did understand this, though,
as I think I did most as I think most
Americans did. At the time. We all knew what oil was,
and suddenly we found out what a shortage of it
(20:32):
meant for the first time that we went to fill
our tanks with gas at the pump. After that embargo
hit on October seventeen, nineteen seventy three, and then we
started to learn about gas lines and waiting in line
to get gas or if you were like Tamura at
that time, coming home to see parents or whatever, what's
(20:55):
the gas situation? And if we fill up now, is
there gas out there? Can we make it? Then? Can
we get back? Then we just stick with our parents.
But the evolving crisis with rare earth minerals is different.
It's far more complex. It involves dozens of minerals whose
(21:18):
names are known to only a tiny sliver of the
world's population, which are used in two vast and array
of manufactured items. For any single person I think to
adequately describe and analyze on a daily basis. And if
I had a list of all of them, you know me,
(21:39):
I probably couldn't pronounce more than half of them. But
every single day we get new news about a new
sub crisis that is one of a million moving parts
in this overall huge crisis. Think of Dutch chip maker
next period. It's a major chip supplier to the automotive industry.
(21:59):
There was a peace published at Forbes recently. Here's an
excerpt from that story. The speed and aggression with which
the Chinese government is willing and able to deploy countermeasures
to protect its dominance in the rare earth realm was
clearly illustrated on October thirteen. This is just ten days ago.
(22:20):
Reacting to China's October nine announcement, the Dutch government, at
the urging of the US State Department, attempted to seize
control of Nexspiia under a rarely used Cold War era
emergency nationalization law. Netsperia is a subsidiary of china own
Wing Tech Technologies and is a key player in supply
(22:42):
chains for semiconductors used in the auto industry. Nextsperia produces
components in factories located in Germany and the UK, but
most of the production from those plants is shipped back
to a huge facility on the Chinese mainland. That's where
the parts get assembled, tested and packaged before then moving
(23:05):
into the international supply chain. Stop right there for just
a moment. So next Speery produces components in factories located
in Germany and UK, but what's produced in those factories
get shipped back to a facility on the Chinese mainland,
(23:26):
where those parts manufactured in Germany and the UK get assembled, tested,
and packaged as new parts, and then those new parts
then get moved back into the international supply chain. That
just one little sentence in that first paragraph is a
great lesson about how complex these supply chains are. I
(23:52):
think we started to learn about that during COVID, but
I still don't think that most Americans understand the complex
to be of these supply chains. Little pieces get started here,
they get shipped there, they get attitude, they get shipped
somewhere else, they get put together here that suddenly all
that it all gets collated into one new part. But
(24:13):
that new part still goes into an auto that again
again then gets shipped hopefully to an auto plant in Detroit,
or more likely to an auto plant in Mexico, or
maybe you know, a ship in Germany, or to a
plant in Germany so they can make a nice new
BMW and get it shipped back. And then then that
(24:33):
gets shipped over here, back and forth, back and forth,
back and forth. Well what did Beijing do back to
the Fortune magazine at that threat of nationalizing, seizing control
of this one company. Beijing simply responded to the Dutch provocation.
(24:54):
Interesting word that Fortune uses. Beijing simply responded to the
Dutch provocation by moving to halt shipments from their Chinese facility,
thus eliminating any benefit to the Netherlands and the United
States from the nationalization of those European plants. So they write,
(25:15):
with a single tactical move, Beijing was able to protect
its market dominance, highlighting depressing energy security and national security
implications of continued reliance on Chinese controlled supply chains for
these critical minerals and components that's made from them in
(25:37):
the story in the Fortune story. Now, obviously that story
is going to evolve rapidly because now several European automakers
have said they're going to scale back their production because
of a lack of chips coming in from their main supplier.
(25:57):
They had a really good story over at zero head
about this whole fiasco going on. So Tyler Durden, who's
obviously a synonym at zero Hedge, wrote this one day
after the German tabloid newspaper Bill reported that Volkswagen had
suspended production of the Gulf of its Schwolzburg factory due
(26:19):
to a worsening semiconductor shortage caused by a supply stoppage
of Nexsperia chips. The Dutch chip maker recently seized by
the Netherlands government, warned Japanese automakers on Thursday that it
may no longer be able to guarantee the chip supply.
The chip crisis spreading from Europe to Japan has set
off alarm bells across the entire industry. Bloomberg, according to
(26:43):
zero Hedge, reports that the japan Automobile Manufacturers Association has
confirmed that its members Toyota, Nissan, and Honda have received
warnings from Nextsperia about chip supply woes and are working
with customers to mitigate disruptions. Zero Heads finishes. The first
(27:03):
signs of experience related ship disruptions impacting global auto supply
chains emerged from Germany on Wednesday, following this report from
the newspaper. The local paper said Volkswagen suspended its golf
production lines at the Wolfsburg factory yesterday. Production lines stoppages
will likely impact tens of thousands of employees in Europe's
(27:27):
largest economy. Other automakers BMW, Mercedes Dammler are monitoring the situation,
though their production doesn't continue, according to the newspaper, now
Dirden provided some interesting links of other stories about the
rare Earth energy crisis puzzle. But make no mistake, you're
(27:53):
going to start seeing similar announcement out of US automakers
pretty soon, maybe even today. Oh wait a minute, look
at this. Automakers face serious production disruptions due to looming
chips crisis. GM vehicle production may be impacted by next
speriod chip supply disruption. Ford Back Group sounds alarm over
(28:18):
next speriod chip supply issue. Oh you get the point. Yeah,
the stories are already out there, and this is just
one of maybe hundreds of sub crises that will evolve
on the global stage if China's cracked down on these
critical energy minerals endurers. So what, so, what's next?
Speaker 6 (28:45):
Perhaps this isn't a great time, Michael to educate everyone
on ipencil by Leonard Reid. It will open your eyes
to the supply chain. People don't realize how complex it
is yet how spontaneous cities as well. So I don't know,
it might be a great time to talk about eyepencil.
Speaker 3 (29:06):
I you know, eyepencil is a great video, and I
would you know, Dragon, if you can find it, yellip
it up on the website. I and I again, my
brain's overload right now. But I saw a great rebuttaled
eye pencil. I didn't agree with everything in it, but
(29:26):
it was whether or not you actually could today, based
on modern technology, actually do the pencil yourself. May not
be the number two pencil where you used to, but
you might be able to do a pencil yourself. Stee
if I can find that one. But let's let's finish
(29:48):
the rare earth minerals. This is a serious crisis. It
doesn't need to be a serious crisis, which is what
drives me crazy. If we are the largest repository of
rare earth minerals on the face of the earth, followed
by Australia, which is a near you know, it's it's
(30:08):
a nose to nose race between US and Australia. And
Trump has just signed yesterday a deal with Australia for
those rare earth minerals. Then what's happening. Well, we may
still face the crisis because you sign a deal yesterday,
you can't start mining today. I mean, I know that
(30:30):
comes as a shock to many of you, but it
involves more than going to home depot, buying a shovel
or a pitchfork or something and starting to dig a hole. Yeah, duh.
You got to know where the minerals are. And it's
gonna take you know, an excavator to start digging a hole.
And of course you're gonna have to lease the land,
get the land. You have to do all that sort
(30:51):
of stuff. So it takes time. But you got to
give Trump credit for the health of the US and
the global economy. The reality means the stakes could not
be possibly higher when and if Trump meets chi Jing
Ping in South Korea next week. Now, I say if,
(31:14):
because the Chinese Communist Party is having its you know what,
do they meet every five years to plan a fifteen
year project or whatever. Anyway, they're going through their plenum
right now, and I really question whether chi Jing Ping
is going to feel secure enough to go to the
(31:36):
APEX summit or not. But even if he does, at
least Trump's going with an alternative in hand, which shows
Trump is always playing for d chess. He understands that
this is critical and it now gives him leverage over China. Yeah,
(32:00):
I've got one problem. In a press availability where Trump
predicted that he and she would make a deal on everything,
is the everything. The quote at least didn't include rare earth.
He said, we'll make a deal on I think everything.
This is what he told reporters yesterday in the Oval.
I think we're going to make a deal on soybeans
(32:21):
and the farmers. I think we're going to make a
deal on maybe even nuclear. You know, President Putin in
his call mentioned to me about nuclear. We may do
a d escalation. I'm fine with that. Well, take it
out of context. You know, maybe he just wasn't thinking
about rare earth, and maybe he didn't want to expose
to shi Jing being Yeah, I'm coming with an agreement
(32:43):
with Australia to develop rare earth. To take that and
shove it where the sun doesn't shine or where the
butt breathing takes place.
So amazing that the Dems are up in arms over
Trump's White House renovations. Trump is doing it with private donations,
But when Obama did it back in twenty ten for
a cost to taxpayers of almost four hundred millions, didn't have.
Speaker 2 (00:19):
A problem with that.
Speaker 1 (00:20):
Oh and Obama added a basketball court because hey, that's
when every White House needs a basketball court.
Speaker 3 (00:29):
Well, let's go back even further. The West Wing has
not always been there. The East Wing is a completely
separate structure. I mean, it's attached too, but it's a
separate structure from the main White House, the West wing.
If I recall correctly, I think the West Wing was
built by Theodore Roosevelt. I think the East Wing was
(00:53):
built by FDR. I may have that flip, but was
one or the other. I think that it's obviously Trump
arrangement syndrome. But it's obviously just and I've said this,
it's jarring to see that iconic structure that you know,
(01:15):
it's also you know, speaking of perspective and speaking of
how we have our blinders on for anyone who is
alive today, that's probably the only I I mean, obviously
Theodore Roosevelt president back in the early nineteen hundreds, FDR
(01:38):
back in the in the nineteen thirties, nineteen forties, so
it there might be some that would be alive that
might remember the construction of whichever one it was that
FDR did. I apologize just I just don't remember which
one it was. But for the majority of us, the
(02:00):
North Portico, that's where Pebble Beach is. That's the gravel
road that comes in off the street, and it's where
the television stations set up to do their reports, and
that's where the Christmas decorations are usually put out. That's
where people walk along Pennsylvania Avenue across from Lafayette Park
(02:23):
and they see that that's the iconic structure that we
all see and that we've seen since we've been in school,
and now that we see it being torn down, it
takes our breath away. Oh, look at that. They're destroying
what we think is a historical structure, which is obviously
(02:44):
it is a historical structure, but it's not historical in
the sense that, first of all, the White House didn't
exist in seventeen eighty nine. The district that was not
the sea of government. The original seat of government was
in New York. They started out out in Philadelphia, they
go to New York, and they eventually end up in
what they create out of Virginia and Maryland. They create
(03:06):
the District of Columbia. And then we build a White House,
and of course it almost gets burned down. You can,
I don't know whether you can still see it or not,
but down in the basement near the Presidential Emergency Operations
Center of the PEOC you can actually see some of
the burn scars where the bridge tried to burn it.
(03:29):
You can see some of the pop marks where you know,
cannon balls or musket balls, excuse me, what hit it.
So for Americans, it's a historical structure and to see
it being torn down is jarring. It's like, oh, what
(03:50):
what's going on here? Because it's changing something that we're
just accustomed to. And while it is history, and while
it is a symbol of American power, as is the
US Capital, nobody seems to recall that when the when
(04:12):
the Capital Dome was completely covered with scaffolding, you you
couldn't see the dome at all. It became like a
square box because they were doing remodeling and repairs and
renovating on all of the Dome. Nobody bitched the moaning
about that. But now Trump's doing this, and so now
(04:35):
everybody's upset. So you had you had it first built,
just the very you should go look at and find
the historical picture of the original structure absent the east wing,
absent the west wing, and just look at the original
White House. And I'm telling you from obviously being in
(04:56):
it a lot, it's it's a really tiny place. It's
not very big. And what he's building on the where
the east wing currently exists is this huge ballroom I
think ninety thousand square feet or something. And I'm certain that, oh,
I'm you know, it'll be fine, It'll be just fine.
(05:19):
But if Theodore Roosevelt, Franklin Roosevelt, Richard Nixon, Bill Clinton,
Barack Obama, who am I leaving out? I mean, there's
other presidents who have changed different things and done different things.
Everybody just chill. And then the next thing I hear that, well,
(05:40):
it's not being paid for by taxpayers, ah a little,
but it's being paid for by evil corporate giants that
are looking for favors. I find that pretty cynical. Now
I understand that people in d C or people who
have business in DC are always looking for something. But
(06:04):
aren't we all? Aren't you? When when there's a Christmas
party at your office and you have a ten dollars
gift limit, do you ever kind of slightly exceed it
because you want something just a little nicer, because you
want to give that to your boss, because you want
(06:25):
to kiss ask just a little bit? You know you do.
Everybody always wants something. It's the nature of mankind. It's
the nature of human beings. So when these companies give
donate to help build this ballroom and reconstruct the east wing,
(06:47):
yes they want something. And some of that may be
to be very crass. It may be that they want
to be remembered, or when there's a plaque put up
for the donors, they want their name on that plaque.
Let me ask you this. If you had the opportunity
(07:07):
like the Rockies. Remember didn't the Rockies do the pavers
and you could buy a paver when when the course field.
Speaker 2 (07:15):
The bricks out front.
Speaker 3 (07:17):
I think I bought one. I think I think somewhere
in well all those papers, I think my name's.
Speaker 2 (07:22):
Out there a lot one that says Michael Brown.
Speaker 3 (07:23):
I think so. I think I think I need to go.
Based on the Rockies record, I think need I need
to go chisel it up with rock claw back. But
if if Trump were instead to say I want the
American people to do this, and there were which would
be kind of impractical, because you know, thousands of people
whould want to donate. Wouldn't you want to donate? So
(07:46):
that somewhere in a record was that you know, you
or your family or your family's estate or whatever, gave
you know, one hundred dollars or one thousand dollars or
ten thousand or one hundred thousand dollars to help rebuild
the White House. I would do that. I give a
couple of bucks to seventy five. I'd give two dollars
and seventy five cents to get my name on the list,
(08:07):
just to irritate people, for no other reason. I do
it just to irritate people. And I wouldn't put my name.
I wouldn't put Michael Brown. I'd put Brownie just to
irritate those people that don't like me.
Speaker 2 (08:17):
You do it a heck of a job, Brownie, that's right.
Speaker 3 (08:19):
I put You're doing a good job, Brownie. And I'd
put that up there just a pess I'm off or
to have or to even better having reject my contribution,
because then I can make hay out of that too.
So everybody just calm down. Here, you're I here, I
am telling people, and calm down. There's the irony of
(08:41):
the day. Oh let me do this real quickly before
I get to energy or to rare earth. Maybe this
is all the same thing. Maybe it's tied together. This
comes to us from newser dot com. They did yesterday.
Early trials involved oxygen carrying liquor would delivered rectally could
(09:02):
help patients with breathing issues. I don't need to read
the rest of the story.
Speaker 2 (09:09):
Because it says it all. You don't need to go
any further it.
Speaker 3 (09:12):
Right, Because I'm thinking that if I'm having like a
little struggle, like maybe a little asthma or the little
chest congestion or something, and you stick some sort of
oxygen caring oxygen carrying liquid rectally up my butt, you
don't think I'm gonna go breathing problem solved. I don't
(09:34):
think we need to cover the rest of the story. Dragon.
I think that's it, isn't it a technique that once
snagged a Nobel prize for its oddball premise has cleared
its first human safety trial, and it involves but breathing. Breathing,
(09:56):
The official term is intventially. Go on, there's the word.
There's the phrase for the day. This program today is
internal ventilation. There's a new study publishing the journal med
(10:16):
marks a potential step toward a new way to deliver
oxygen to patients who can't breathe well, especially newborns. See,
this is serious stuff. Inspired by turtles and dragonfly nymphs
that can absorb oxygen through their rear ends. There's something
new I've learnt right there.
Speaker 2 (10:36):
You didn't know turtles could breathe through their butts?
Speaker 3 (10:38):
Did you know that butterflies breathe through their their rearia?
I guess rector area is kind of redundant. I didn't
know that, or dragonfly nymphs. I should be more specific,
Doctor Takinoway. Takabi and his team wondered if mammals might
benefit from a similar technique. The researcher's usually liquid called
(11:01):
cygon s. You gotta get me larger font. You just
got to get me larger font.
Speaker 2 (11:06):
Are you hundering? Thirteen? You can't read this?
Speaker 3 (11:09):
One hundred and thirteen year old fart with glasses having
hard and well.
Speaker 2 (11:14):
Let me, do you even have your reading glasses on?
Speaker 3 (11:16):
No, I have my computer glasses on. Let me change
my reading glasses. Ah much to beat. That's probably so
much better now it is much better. That's much much better.
I can't center and change glasses all day long. I mean,
I don't get paid to change glasses. It's not my contract.
Let's see. The researchers used a liquid called per Flora
(11:39):
decolin per Flora decalin, which can hold up to fifty
times more oxygen than water. In what a release describes
as an animal like process, the scientists administered the liquid
into twenty seven healthy Japanese men, who were then asked
to hold it for an hour.
Speaker 2 (12:00):
Uh huh yeah, right, an oxygen infused liquid.
Speaker 3 (12:09):
Squirt it up your butt, yep, and then you're asked
to hold that for an hour?
Speaker 2 (12:14):
Uh huh?
Speaker 3 (12:15):
Is that like taking a laxity And then you're in
the middle of your of the situation with Michael Brown
at seven eighteen, and you really need to go, but.
Speaker 2 (12:23):
You can have a break and you just clench it.
Speaker 3 (12:25):
You gotta clinch, baby, clench.
Speaker 2 (12:27):
Power through baby.
Speaker 3 (12:30):
Most is the key word most managed the task, meaning
some did not manage the task.
Speaker 2 (12:40):
But I don't think I can hold it for an hour.
I don't know about you.
Speaker 3 (12:44):
Suddenly your voice sounds better.
Speaker 2 (12:46):
I've got some tea stuff that they think.
Speaker 3 (12:49):
Oh well, I just thought maybe it was the topic
the sudden that you were excited about. You know, I'm but.
Speaker 4 (12:54):
You're only going to get this type of topic on
the situation with Michael Brown featuring Dragon Red. Yes, the
only place you're gonna get butt breathing right.
Speaker 3 (13:05):
The topic for this hour was scheduled to be rare
earth minerals, which I guess it is somewhat related. You know,
this is kind of rare and you could you know,
if it do it outside it hardens into a mineral, we.
Speaker 2 (13:19):
Can earthy notes to it.
Speaker 3 (13:21):
Yeah. Yeah. Crucially, no side effects were reported and the
liquid itself wasn't absorbed into the body. This initial test
did not actually involve oxygenated liquid. Well then, what how
can you say that this test was a success when
you're trying to deliver oxygen through the butt and then
you tell us at the end of the story, oh,
(13:42):
it didn't actually involve oxygenated liquid. The goal was simply
to check if the procedure was safe for humans, and
so far, so good. The next step is to try
the process with real oxygen still on healthy volunteers before
moving to patients with breathing problems. Successful, the technique could
eventually offer a simpler, potentially less damaging alternative to mechanical ventilators,
(14:07):
especially in places with limited resources. The question is I'm
assuming that the even though they call them volunteers, I
assume that this is the kind of thing where you
get some compensation for it.
Speaker 2 (14:22):
Yea, how much would it cost for you to do
this experiment?
Speaker 3 (14:25):
And that was the question I wanted to ask. How
much would you require before you let them stick something
up your butt that was some sort of oxygenated liquid
and then required to hold it for.
Speaker 4 (14:36):
An hour more or less than what you would pay
for for a brick at the White House?
Speaker 3 (14:43):
Yeah? Okay, yeah, how do I segue into rare earths segment? Okay?
Thank you. Stephen Moore on on Fox Business yesterday was
talking about rare earth minerals, and then it just coincidentally
last night I'm listening to one of my international geopolitical
(15:07):
podcasts and it's talking about how Australia and the United
States have more rare earth. In fact, Australia in particular
has more rare earth materials than does China. And where
China is mining these what this one particular rare earth,
(15:29):
there is a higher rate of diseases because it's forced labor,
force mining. I don't think it's the weakers. I think
it's somebody else. It's just regular Chinese families. It's just
huns that they're just sitting there because they don't remember.
Communists don't care about their people. We have more rare
(15:51):
earths than any nation on Earth, estimated at twelve trillion
dollars in value. So why are we allowing ourselves to
be dependent upon China? Why do we run the risk
of automobile production lines coming to a halt, or you know,
(16:15):
computer production lines or smartphone lines, whatever it might be
that require rare earth. Why are we allowing the potential
for those production lines to come to a halt when
we have more rare earth than any other nation on Earth.
And then we got Australia and we just signed a
new deal with Australia because of endless permitting processes, bureaucracy, lawsuits,
(16:42):
Land bands that forces us to depend on China and Russia.
When I talk about this country committing our own national suicide,
this is a great example of it. The problem is
we don't have a mineral shortage. We had a leadership shortage.
And it turns out once again that huh, we just
(17:03):
needed a different president. I got to be honest here,
I kind of find myself longing for the kind of
energy crisis involving crude oil that we boomers lived through
during the nineteen seventies. As I strive to convey to
you the currently evolving crisis related to rare earth and
(17:25):
critical energy minerals, I really don't want us to suffer
through what we went through. The shock to the economy,
the shock to your pocketbook when gas went, you know,
from thirty five cents a gallon to oh my gosh,
it's fifty cents a gallon, and then the time it
hint a dollar a gallon, and the pumps literally didn't
(17:47):
have a space for the one, so some stations would
take a magic marker and paint a one over there,
so it was really a dollar ninety five that you owed,
and not ninety five cents. The arab oil embargo of
nineteen seventy three.
Speaker 5 (18:05):
Morning, Michael and Dragon, Well listen, I'm gonna be honest.
We went straight from from butt breathing to rare earth
minerals to energy, no segue, which somehow worked. I think
somehow no segue is the best segue, and it made sense,
(18:26):
and we all just just kept on moving.
Speaker 3 (18:29):
Well done, thank you. This is what we tried to do.
We just want to keep on moving. We'd like to
just like we'd like to keep moving on up. As
a Jeffersons used to see, just moving on up. The
Arab oil embargo of nineteen seventy three, anybody remember that?
Raise your hand, all right? It was pretty simple. Saudi
(18:54):
Arabia and the other Arab states wanted to get higher
prices for all their massive supplies or crew oil, and
they got that through basic economics by withholding millions of
barrels per day from the global market. Until you know,
because now you've got to reduce supply. You have the
same demand, but less supply, prices go up. Duh, Chimney Christmas.
(19:19):
They got to teach that in college, They got to
teach that in high school or junior high and then
they leverage their market position to maintain those higher prices
by continuing to manipulate the supply through OPEC, the organization
of patrolling next sporting countries. It was obviously painful to
(19:40):
the pocketbook, but it wasn't very complicated. Now. I didn't
understand well, I you know, I take that back. I
did understand a little bit about the world in nineteen
seventy three. No, it's none of your business. How old
I was, you know, so I kind of understood what
forty seven? Yes, so, but it doesn't mean I understood anything.
(20:04):
I didn't really understand anything until I got to be
eighty two. Then I stopped finally started to figure it out.
Speaker 2 (20:09):
That's when you ran for president, Right about.
Speaker 3 (20:11):
The time, That's right, that's when I decided to shoot, Yeah,
I might as want to run for If he can
be president, why can't I be president. I did understand this, though,
as I think I did most as I think most
Americans did. At the time. We all knew what oil was,
and suddenly we found out what a shortage of it
(20:32):
meant for the first time that we went to fill
our tanks with gas at the pump. After that embargo
hit on October seventeen, nineteen seventy three, and then we
started to learn about gas lines and waiting in line
to get gas or if you were like Tamura at
that time, coming home to see parents or whatever, what's
(20:55):
the gas situation? And if we fill up now, is
there gas out there? Can we make it? Then? Can
we get back? Then we just stick with our parents.
But the evolving crisis with rare earth minerals is different.
It's far more complex. It involves dozens of minerals whose
(21:18):
names are known to only a tiny sliver of the
world's population, which are used in two vast and array
of manufactured items. For any single person I think to
adequately describe and analyze on a daily basis. And if
I had a list of all of them, you know me,
(21:39):
I probably couldn't pronounce more than half of them. But
every single day we get new news about a new
sub crisis that is one of a million moving parts
in this overall huge crisis. Think of Dutch chip maker
next period. It's a major chip supplier to the automotive industry.
(21:59):
There was a peace published at Forbes recently. Here's an
excerpt from that story. The speed and aggression with which
the Chinese government is willing and able to deploy countermeasures
to protect its dominance in the rare earth realm was
clearly illustrated on October thirteen. This is just ten days ago.
(22:20):
Reacting to China's October nine announcement, the Dutch government, at
the urging of the US State Department, attempted to seize
control of Nexspiia under a rarely used Cold War era
emergency nationalization law. Netsperia is a subsidiary of china own
Wing Tech Technologies and is a key player in supply
(22:42):
chains for semiconductors used in the auto industry. Nextsperia produces
components in factories located in Germany and the UK, but
most of the production from those plants is shipped back
to a huge facility on the Chinese mainland. That's where
the parts get assembled, tested and packaged before then moving
(23:05):
into the international supply chain. Stop right there for just
a moment. So next Speery produces components in factories located
in Germany and UK, but what's produced in those factories
get shipped back to a facility on the Chinese mainland,
(23:26):
where those parts manufactured in Germany and the UK get assembled, tested,
and packaged as new parts, and then those new parts
then get moved back into the international supply chain. That
just one little sentence in that first paragraph is a
great lesson about how complex these supply chains are. I
(23:52):
think we started to learn about that during COVID, but
I still don't think that most Americans understand the complex
to be of these supply chains. Little pieces get started here,
they get shipped there, they get attitude, they get shipped
somewhere else, they get put together here that suddenly all
that it all gets collated into one new part. But
(24:13):
that new part still goes into an auto that again
again then gets shipped hopefully to an auto plant in Detroit,
or more likely to an auto plant in Mexico, or
maybe you know, a ship in Germany, or to a
plant in Germany so they can make a nice new
BMW and get it shipped back. And then then that
(24:33):
gets shipped over here, back and forth, back and forth,
back and forth. Well what did Beijing do back to
the Fortune magazine at that threat of nationalizing, seizing control
of this one company. Beijing simply responded to the Dutch provocation.
(24:54):
Interesting word that Fortune uses. Beijing simply responded to the
Dutch provocation by moving to halt shipments from their Chinese facility,
thus eliminating any benefit to the Netherlands and the United
States from the nationalization of those European plants. So they write,
(25:15):
with a single tactical move, Beijing was able to protect
its market dominance, highlighting depressing energy security and national security
implications of continued reliance on Chinese controlled supply chains for
these critical minerals and components that's made from them in
(25:37):
the story in the Fortune story. Now, obviously that story
is going to evolve rapidly because now several European automakers
have said they're going to scale back their production because
of a lack of chips coming in from their main supplier.
(25:57):
They had a really good story over at zero head
about this whole fiasco going on. So Tyler Durden, who's
obviously a synonym at zero Hedge, wrote this one day
after the German tabloid newspaper Bill reported that Volkswagen had
suspended production of the Gulf of its Schwolzburg factory due
(26:19):
to a worsening semiconductor shortage caused by a supply stoppage
of Nexsperia chips. The Dutch chip maker recently seized by
the Netherlands government, warned Japanese automakers on Thursday that it
may no longer be able to guarantee the chip supply.
The chip crisis spreading from Europe to Japan has set
off alarm bells across the entire industry. Bloomberg, according to
(26:43):
zero Hedge, reports that the japan Automobile Manufacturers Association has
confirmed that its members Toyota, Nissan, and Honda have received
warnings from Nextsperia about chip supply woes and are working
with customers to mitigate disruptions. Zero Heads finishes. The first
(27:03):
signs of experience related ship disruptions impacting global auto supply
chains emerged from Germany on Wednesday, following this report from
the newspaper. The local paper said Volkswagen suspended its golf
production lines at the Wolfsburg factory yesterday. Production lines stoppages
will likely impact tens of thousands of employees in Europe's
(27:27):
largest economy. Other automakers BMW, Mercedes Dammler are monitoring the situation,
though their production doesn't continue, according to the newspaper, now
Dirden provided some interesting links of other stories about the
rare Earth energy crisis puzzle. But make no mistake, you're
(27:53):
going to start seeing similar announcement out of US automakers
pretty soon, maybe even today. Oh wait a minute, look
at this. Automakers face serious production disruptions due to looming
chips crisis. GM vehicle production may be impacted by next
speriod chip supply disruption. Ford Back Group sounds alarm over
(28:18):
next speriod chip supply issue. Oh you get the point. Yeah,
the stories are already out there, and this is just
one of maybe hundreds of sub crises that will evolve
on the global stage if China's cracked down on these
critical energy minerals endurers. So what, so, what's next?
Speaker 6 (28:45):
Perhaps this isn't a great time, Michael to educate everyone
on ipencil by Leonard Reid. It will open your eyes
to the supply chain. People don't realize how complex it
is yet how spontaneous cities as well. So I don't know,
it might be a great time to talk about eyepencil.
Speaker 3 (29:06):
I you know, eyepencil is a great video, and I
would you know, Dragon, if you can find it, yellip
it up on the website. I and I again, my
brain's overload right now. But I saw a great rebuttaled
eye pencil. I didn't agree with everything in it, but
(29:26):
it was whether or not you actually could today, based
on modern technology, actually do the pencil yourself. May not
be the number two pencil where you used to, but
you might be able to do a pencil yourself. Stee
if I can find that one. But let's let's finish
(29:48):
the rare earth minerals. This is a serious crisis. It
doesn't need to be a serious crisis, which is what
drives me crazy. If we are the largest repository of
rare earth minerals on the face of the earth, followed
by Australia, which is a near you know, it's it's
(30:08):
a nose to nose race between US and Australia. And
Trump has just signed yesterday a deal with Australia for
those rare earth minerals. Then what's happening. Well, we may
still face the crisis because you sign a deal yesterday,
you can't start mining today. I mean, I know that
(30:30):
comes as a shock to many of you, but it
involves more than going to home depot, buying a shovel
or a pitchfork or something and starting to dig a hole. Yeah, duh.
You got to know where the minerals are. And it's
gonna take you know, an excavator to start digging a hole.
And of course you're gonna have to lease the land,
get the land. You have to do all that sort
(30:51):
of stuff. So it takes time. But you got to
give Trump credit for the health of the US and
the global economy. The reality means the stakes could not
be possibly higher when and if Trump meets chi Jing
Ping in South Korea next week. Now, I say if,
(31:14):
because the Chinese Communist Party is having its you know what,
do they meet every five years to plan a fifteen
year project or whatever. Anyway, they're going through their plenum
right now, and I really question whether chi Jing Ping
is going to feel secure enough to go to the
(31:36):
APEX summit or not. But even if he does, at
least Trump's going with an alternative in hand, which shows
Trump is always playing for d chess. He understands that
this is critical and it now gives him leverage over China. Yeah,
(32:00):
I've got one problem. In a press availability where Trump
predicted that he and she would make a deal on everything,
is the everything. The quote at least didn't include rare earth.
He said, we'll make a deal on I think everything.
This is what he told reporters yesterday in the Oval.
I think we're going to make a deal on soybeans
(32:21):
and the farmers. I think we're going to make a
deal on maybe even nuclear. You know, President Putin in
his call mentioned to me about nuclear. We may do
a d escalation. I'm fine with that. Well, take it
out of context. You know, maybe he just wasn't thinking
about rare earth, and maybe he didn't want to expose
to shi Jing being Yeah, I'm coming with an agreement
(32:43):
with Australia to develop rare earth. To take that and
shove it where the sun doesn't shine or where the
butt breathing takes place.
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