Milei vs Statism; Jobs Lies; CEOs Kneel to Trump; AI Grab; Immigration; Drug War | Yaron Brook Show - Yaron Brook Show

Episode Transcript
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Speaker 1 (00:03):
A lot of it. Fundamental principles I've readom rational, self
interest and individual runs. This is the Iran Brook Show.
Oh right, everybody, welcome to you round Brook Show. On
this Friday, September fifth. It is eleven pm here in Florence, Italy.

(00:32):
I think this is the latest I've ever done a
Yaron book show. I don't know it's closed. It's not
the latest. All right, we are going to jump into
the news. I will remind you there'll be a show tomorrow,
not Sunday, so switching it around, and there will be

(00:52):
a show tomorrow. Not so exactly what time yet, probably
around two o'clock in the afternoon Eastern time. And uh
uh so they'll be there'll be a show back a show.
Then let's say, don't understand this comment. All right, let's

(01:18):
jump in with the news, Milay. Let's start with Melay.
This weekend is going to be an important weekend for
the Malay administration. This weekend, uh the uh, there will
be regional elections around the country. His political power will
be involved in those. They're not expected to necessarily win.
But how his political power his political party does in

(01:43):
the elections this weekend is gonna give people an indication
of what his chances are to do well in October,
as we know, and October you've got parliamentary elections. Right now,
Milai does not have the votes in parliament to continue
the kind of economic reforms that he is engaged in

(02:04):
and he is proposing and he would like to do,
and then unnecessary, he needs, he needs to dramatically increase
his position in parliament, and everybody is in suspense about
what will happen in October. There is a lot of
worry about this. The opposition is going all out against him,

(02:29):
including now big allegations of fraud in his administration that
relate to his chief of staff and to his sister,
who is incredibly influential within the Midley administration. You know,
they continued, people haven't exactly philosophically ideologically bought into his program.

(02:53):
They will support him as long as they think that
his program is benefiting the economy. Interest rates up, the
peso has dropped in value, so there's a lot of
there's a lot of angst. There's a lot of worry
in Argentina right now. In Malay's popularity, at least based

(03:14):
on the polls, has dropped quite a bit in spite
of the amazing economic success that he has that he
has brought forward. So it's it's going to be very suspenseful.
It's going to be very suspenseful going into going into
October when the parliamentary elections opposed as a consequence of

(03:38):
all this suspense and what can Malae do and is
fading against popularity? Right now, the stock market in Argentina
has come down this year after going up one hundred
and forty percent last year, one hundred and forty I

(03:58):
didn't buy early enough last year, one hundred and forty
percent of last year. It's down about what is it,
six seven percent this year and people are waiting. People
are waiting to see whether he can win another election.
So we'll know a lot more after this weekend. I mean,

(04:19):
nothing's definitive, but we'll have a lot more information about
the popularity of his political party and the potential popularity
his potential popularity going into this next election. So yeah,
it's crunch time. It's crunch time. US financial institutions, Morgan

(04:43):
Stanley City Bank are pretty positive overall about Argentina. They're
actually Morgan Stanley's encouraging people to buy right now with
the expectation that Milee will do well in the October
Midwilm elections. But again I don't think anybody knows, and
we will know more on Monday, so I will update

(05:05):
you then about how the elections in Argentina went. But
you know, it's my favorite politician in the world right now.
That's not hard given the quality of the competition. And
I really, really really hope he is successful. There's a

(05:25):
real opportunity here to transform Argentina and as a consequence,
Latin American maybe the world. And I hope Argentinian people
let him play out, let him, you know, manifest this
program fully so that they can appreciate that they can
benefit from the freedom that that will unleash. And the freedom,

(05:46):
of course will unleash your significant economic growth. So Argentinians,
pay attention, pay attention to the success you've had so far,
and don't throw it all down. Don't don't don't throw
it all out and and and revert back to your peronist, statist,

(06:10):
uh interventionist history. Today, we've got a job's report, a
job support from the US government. First jobs report we've
received since UH Donald Trump fired the head of the
U S Bureau of Labor Statistics. But and this is
a big butt, this is important. Uh. The the new

(06:34):
head of the U S Bureau of Labor Statistics, the
guy who will replace the fired woman, has not yet
been approved by Congress, so he is not in position
to give Trump the kind of numbers he would like.
And as a consequence, what we got today according to
Lutnik and and the administration by complete manipulation of bad

(06:58):
guys within within the of libor statistics. She can't believe
any of these numbers. Of course, the US added a
very disappointing twenty two thousand jobs in August. That figure
was a significant below, significantly below what it had added

(07:18):
in the previous months seventy nine thousand, and significant below
expectations the US average. They look back again at the
last few months, and over the last three months, or
the three months ending in July, US averaged about twenty
eight thousand jobs as compared to one hundred and ninety

(07:40):
six thousand jobs on average per month in the previous
three months. So the labor market is cracking up.

Speaker 2 (07:50):
This is a really, really really weak labor market, which
suggests a week enomy.

Speaker 1 (08:02):
Now you know, the let's see the jobs in posts
on Friday included downward revision for the month of June.
So the US label market had lost thirteen thousand jobs
in June. So June was actually looking back a negative month.
If you remember, originally it was over one hundred thousand

(08:23):
jobs created, then it was revised downward to like twenty
something thousand jobs, and now it's been revised downwards even
more to negative thirteen thousand, So things look bad. This
is the June if that number holds lost of thirteen
thousand jobs will be the first monthly job lost since

(08:45):
December twenty twenty since COVID. So things not going well
and this will probably and the markets seem to be
responding in this way, probably dry the FED to lower
interest rates. This is probably an indication of the US

(09:05):
economy settling into a significant slow down, potentially a recession.
So you're seeing expectations short term rates going down. The
rates will go down, expectations are the long term rates
are coming down. The thirty years gone from close to
four point five to under full point two, and the

(09:26):
dollar has gone down a lot. People don't want to
hold dollars. One of the advantages of holding dollars was
the high interest rates. As interstates are going down, people
are selling their dollars and shifting into other currencies or
other assets, and the stock market, on the other hand,
is going up and stock marks going up for a
simple reason because as the interstates go down, I've told

(09:49):
you this many times, asset prices go up. So stock
market being an asset, goes up. Now that might be
short sighted because in spite of interestate's going down. If
interestates are going down, because we're heading towards a session,
the session might outweigh the decline in interst rates in

(10:09):
terms of their impact on stock crisis, and this might
be a short term rally. Although of course stocks are
trading these days at all time highs. It's interesting to
look at the distribution of kind of the jobs. This

(10:30):
job market is in real trouble. So if you look
at the last three months, the last three months, mining
has lost thirteen thousand jobs, Construction ten thousand jobs. Oh
my god, I can't believe this number. Manufacturing, Remember all
the jobs coming back. Wasn't that the effective tariffs were
going to have all the jobs were going to come back. Well,

(10:53):
it turns out over the last three months, Manufacturing has
lost thirty one thousand jobs, Information technologies minus fifteen, business
professional minus fifty one, federal government minus thirty four. Ya's
a one job loss. I cheer Finance basically flat, no
job gains over the last three months. Right now. The

(11:16):
only sector that is dramatically increasing employment, the only sector
we see a big move. I mean there others like lee'sion,
hospitality where creating a few jobs, and other services, transportation
a little bit, warehousing, retail trade a little bit increased.
But the one that's really big, which is driving all

(11:39):
the job gains, really all the positive or whatever positive
job gains they are, is healthcare. Healthcare is where almost
all the jobs are being created right now. It's not
a good not a good job market. You know. Gold
as a consequence of the expectation of interstates going down

(12:01):
and the potential for inflation going up, and just generally weakness,
the weakness of the dollar, the weakness of the currency,
the weakness of the economy, all of those play into
gold going up. Gold is again hitting all time highs.
It's just going up and up and up. Bitcoin was

(12:21):
up today as well because the Naszak was up. Bitcoin
is a is a high beta. With the NASDAK they
go up together. So bitcoin was up as well. But
but gold is is a record highs and it's pretty
amazing the rallying gold over the last was it year? Yeah,

(12:44):
since the since the end of last year. Trump has
been good for gold, really good for gold since the election.
All Right, and finally I just make this point. You know,
you know, I don't like the gloats and everything, but still,
why not all those pseudo economists who claim the tasks

(13:10):
will bring back manufacturing. The economists all said, including me, no,
they won't bring back manufacturing. Indeed, they'll hurt jobs, they'll
hurt consumers, they'll hurt the economy. Reality is seventy eight
thousand manufacturing jobs already lost this year, as I said,

(13:30):
thirty one thousand just in the last three months. So
now we'll see it could get better. It's true, it's
too early. Maybe maybe economics, the science is all wrong,
Maybe US economists are all wrong, and maybe ultimately, ultimately
all this will will will shift and taris will prove

(13:53):
to be really really good for the economy. We will,
we will see. But so far, so far, it looks like, yeah,
this is not good tariffs are not good. Deporting immigrants

(14:13):
is not good. Those two kind of cornerstone policies of
the Trump administration are really hurtful to the US economy.
Other things he's doing a good but those two awful
for the US economy. And I think we're gonna start
seeing the consequence we're seeing in jobs. We're seeing in

(14:36):
jobs twenty two thousand jobs per month is way below
providing employment for people who are joining the job market. Now,
some of this could be some of this could be

(14:57):
Some of it could be that a lot of these
a lot of the job losses are because people are
being kicked out of the country, and the lack of
job gains is because Americans are not replacing them as
everybody said they would. I mean, we'll get to immigration

(15:20):
a little bit, but immigration, tariffs not good for jobs.
Number of people working is not growing, is not growing,
and that's not good. That's not good for economic growth,
not good for economic prosperity. All right. One of the
most I don't know, shameful, ridiculous events I've ever seen,

(15:52):
I think that's true, happened today at the White House.
You can find it online. Is big table Donald Trump
and his wife Milania. Uh, sitting at sitting at the table.
And and to Trump's right is Mark Zuckerberg. To Millennia's
left is Bill Gates. Across from Trump is Tim Cook

(16:14):
and uh and uh Sergey Brinn and uh the current
Uh Sam Altman is there, Uh the current CEO of
current CEO of Google whose name escapes me right now?
Uh is there the current CEO of I'm gonna get

(16:38):
you these names, all right, So we got Microsoft, Satya Nadella,
Sachi A Nadella, who's the current CEO of Microsoft, was
there with Bill Gates. Uh. And and as I said,
you had some Altiman, he had a m D CEO
Lisa Sue Apples, Tim Cook, metas Mark Zuckerberg, Google Sunda

(17:01):
Pichai Gey Brin uh and and and more and more.
I mean David Sachs was there, who works at the Administration,
comes from the tech VC background. Anyway, you know, they
were have a meeting, I guess to celebrate that they
had an event earlier in the Oval Office to talk
about AI and education, which is a campaign thing from

(17:24):
that Millennia is involved in. And uh, they they thought
given the they guess that the gravitas of the people
in the room. Trump thought this would be great to
bring in journalists, and they have a taped and filmed
and and so once the cameras are rolling, Trump goes

(17:44):
to each one of these CEOs and and tell us
a little bit about your company. And every one of
the CEOs, every one of them, maybe with exception of
Bill Gates, but every one of them. No Bill Gates
Doys the two. They all either start or and with
massive praise of Donald Trump. It's like those cabinet meetings,
like those North Korea style cabinet meetings. Well now he's

(18:08):
doing it with tech executives, the most powerful business people
in the world groveling before Donald Trump. So they all
get to say how wonderful administration is, how good it is,
how much they appreciate him. And then he says, well,
how much are you investing in the country, And they

(18:30):
each throw out a number. And it was funny because
Mark Zuckerberg goes, you know, I don't know, and then
he says six hundred billion. And then later they catch
him on a hot mic where he says he says
to Trump, he says, you know, I wasn't really ready
for that announcement. I wasn't sure what number you wanted

(18:51):
me to go with, just to give you a scam
a sense of how scammy this all is. Right, what
number does Trump want? Six hundred billion, three hundred billion?
And Trump was going, oh that's a big number. That's
good number. And Apple said six hundred Oh good number
of big number. Then you know on Google said I

(19:13):
don't know, two hundred billion or whatever. They all they
all multi very high billions. And Trump said, I mean
it really was this, this taking these I mean, these
people who often humiliated by Congress and now they're put
in this position. It's just terrible. I mean, at least
articulate of them. I was surprised. It was Tim Cook

(19:34):
who knew he was supposed to praise Trump and find
ways to praise him, and he and he kind of
found roundabout ways to do it. I mean, they've all lived,
they've all learned the sad, pathetic really lesson that you
need to suck up to Donald Trump in order to
get anything done. And this is all about personal This

(19:56):
is all put personal stuff. This is all about what
what he thinks you'd think of him. And you can
watch the entire video. It's twenty four minutes long where
they go on the table and everyone says these says
nice things about Trump, and then it's just I don't know,

(20:18):
it's can you imagine, I don't know, it's just so pathetic.
Can you imagine the heroes of Al Shrugged, you know,
participating in something like this. I mean, these are and
I have a huge amount of respect for these people.
I admire them greatly, and they make whatever positives are

(20:41):
going on in the economy today, these business leaders are
the ones pushing us forward, dragging us forward, enabling us
to be successful. And for them to put themselves in
this position, for us as a country to be in
a position where this is what you must do and

(21:03):
what you must do in public, it's just horrible. It's
just horrible. And and this is all while you know,
two of the major CEOs, the CEO of Microsoft and
the CEO of Google, of both Indians. And we've talked

(21:26):
about what NAGA is saying about Indians right now, send
them back, we don't need them, We don't want Indians
in this country. This is the background of of some
of this. Uh. They all know tariffs are a disaster
and horrible and stupid, and of course many of them
have gotten carve outs, like Apple. App has got a

(21:49):
huge carve out, and it's gotten because you know, Tim
Cook has built up even from the first Trump administration,
a relationship with Trump. But this is it, this is
you know, what's important now is not your productive genius,
your productive abilities, your innovation, your entrepreneurship, your managerial skills

(22:13):
to a largerstwan. What's important right now is your ability
to manipulate Donald Trump. And I say manipulate because none
of these people are honest, none of them are friendly
to Trump, none of them like Trump, none of them
believe in what he's doing. So they have to manipulate them.

(22:35):
And really, you know, it really is. I mean, Rand
has this amazing, amazing quote which I wish I had
with me. I don't about you know when it starts
when it becomes about who you know rather than what
you do. And in a sense, you know, when the

(23:00):
politicians of all the power we're in we're in deep,
deep trouble. We're in deep, deep trouble as a culture,
as a political system, and where there's no complaining about this,
you know, no complaining about this, you know, open a
CEO sal Altmann, thank Trump for being such a pro business,

(23:22):
pro innovation president. Quote. It's very refreshing change. I think
it's going to set us up for a long period
of leading the world, and that wouldn't be happening without
your leadership. Gates seated next to Millennia Trump thank the
President for quote for setting the tone such that we
could make a major investment in the United States and

(23:43):
have some key manufacturing advanced manufacturing here when you know,
all of this is a scam, right, We're not investing
in the US. None of this is actually happening. And
y yeah, Trump told Zuckerberg afterwards, Again, this is on tape.

(24:12):
This is the beginning of your political career because of
his ability to suck up to h Let's see. Yeah.
The one thing I'll say is that you know, the

(24:40):
oh cocos as well suffer cats? Was USA there? Uh
you know and again uh you you quote you've unleashed
American innovation and creativity. Yeah, there was none of that before.
All the work you're doing is basically every cabinet post,
in addition to what's coming out of the Wildehouse, is

(25:01):
making it possible for America to win. I think this
is the most exciting time in America. Ever, I you know,
I don't know. I don't know what to say. This
is what we're down to. I will say this that

(25:23):
MEGA is not happy, MAGA is not happy. I mean,
how could Trump invite Bill Gates? Bill Gates is not
a common CEO of anything. And he's like, he's responsible
putting chips in out in US and responsible for for
for vaccines and for research. I mean, he's a globalist.

(25:45):
He's clearly a globalist, whatever the hell that world means.
How dare Trump invite Bill Gates? Uh? So yes? Uh?
You know, a Mega, a very pro to Mega account
tweeted something has gone very wrong tonight at the White

(26:05):
House dinner. On the left sitting next to Trump is
Bill Gates. On the right, sitting next to Trump is
Mark Zuckerberg being back at one Musk and Donald Trump unity.
So yeah, people were noticing that the one guy not
invited to today's dinner, not invited inspite of being heavy
into AI is Elon Musk. Islan Osk is out. You

(26:31):
know another MAGA account. I'm not a fan of Bill
Gates at all, Like most of you ons, Elon Musk
should be at the White House tonight. Without him, without AX,
without free speed, supposedly none of this happens. Mike Sonovitch,
there's no reason for Bill Gates to be in the
White House. Um, yeah, the president is another quote. The

(27:00):
Trump needs tech advisors. Bill Gates and Mark zuckerbeb should
not be anywhere near the White House. They both found
radical left groups opposed to MEGA and Trump policies. So, uh,
MEGA is not happy. But then they have APPY, right,
They never appy unless it's a doom and gloom and
h and we're predicting disaster. They are not going to

(27:24):
be happy, all right. Uh, if we're talking about Musk,
then the amazing news today is the devoted directors of
Tesla has asked the shareholders to approve a pay package
for Mosque. Now, this is a pay package that involves stock,

(27:47):
the granting of stock true ln mosque on the achievement
of certain milestones. But this is an eightier plan. It's
an eightier plan. And if Musk hits all the milestones
over the eight years, which would involve the stock of
Tesla going up eight acts over the next eight years,

(28:10):
so it's a lot. He would actually gain stock with
one trillion. Yes, with the t one trillion dollars. Even
the courts ruled that his previous pair package, which paid
him fifty billion al SAT stock, also based on milestones,

(28:33):
threw that out. Well, now they really upped it one
trillion dollars if you know he reaches the milestones. The
idea is that this is to keep it focused on Tesla,
to prevent Hi from running away to Washington and doing
his stuff. And you know, there's a four hundred and

(28:57):
twenty five million incentive Lady Leyden stock options. So these
stock options that would be granted roughly equivalent to twelve
percent of Tesla stock outstanding, So this would be new stock.
There will be issues for him. He already holds four
hundred million shares of Tesla, so this would double his
position in Tesla, and he controls another three hundred million

(29:18):
or so of stock options. If the stock really goes
up eightfold, he will be more than a trillion in, right,
he will be a multi trillion in. So the PARKSI
came out today, so shareholders are reviewing it. My guess

(29:38):
is they'll approve it. I don't think they're gonna they're
gonna turn it down. For example, all options vest if
Tesla achieves eight point five trillion market capitalization that would
put Tesla stock at very roughly twenty seven hundred dollars
a share and make twenty twenty five Performance Award worth
a coop one trillion dollars. I'm reading from the release

(30:00):
US total Tesla stock, assuming no additional sales or legal issues,
would be worth roughly three trillion dollars. Anyway, we'll see
this is this is pretty uh, this is pretty amazing.
Just to give you a sense of proportion, right, Apple,

(30:23):
which doesn't pay a CEO anywhere close to that amount
of money. Apple is expected to generate one hundred and
thirty seven billion dollars in earning before interest, taxes, deduction
depreciation in twenty twenty five so EBIDAH of one hundred
and thirty seven billion. Tesla is expected to generate about

(30:45):
thirteen billion in twenty twenty five IBIDA. So Apple is
you could argue ten times more profitable than Tesla. Tesla's
brand is musk is buying into a Muscus vision, and
it's buying into Tesla taking over the world, whether with
cars with information or with robots which they're building. It

(31:08):
is not none of this competition none of this testa
valuation is basically built on the business as it's covered
to link performing. I think that you know, some of
the some of the milestones were kind of interesting. They

(31:30):
had milestones for how many how many Teslas? For example,
one of the milestones is delivering twenty million Tesla vehicles
or a million non vehicle robots. Interesting that it's all
twenty million Testla vehicles or a million non vehicle robots
over the next decade. Teslas sold today eight million vehicles,

(31:54):
so that would mean you know, over twice as many
in the next ten years. Other product goals include putting
a million robot taxis into service and reaching a three
month average of ten million subscribers for its full self
driving service. Sees a big, big goals. This is good,

(32:20):
so you know they've got their ambitious their ambitious. Just
to give you a sense of the scale of the
market cap targets, the company described each as a multiple
of another company's can't market valuation. The first The first
was thirty six times general motives double Apple or Nvidia.

(32:44):
And again I just described how much more profitable Apple
is than Tesla. All right, filing US included which is interesting,
this proxy statement the chair Old Sheldon proposal for Tesla
to invest in Musk's artificial intelligence startup Xai. Musk has

(33:07):
repeatedly mobilizes business empire to boost Xai, with SpaceX agreeing
in July to invest two billion in it. Tesla's board
didn't offer a recommendation of how investors should vote, so,
you know, trying to boost up xa and I think
Xai bought Twitter. So Musk's assets are all going to

(33:30):
be interwound and ultimately all you know, the two main
entities will be Tesla in SpaceX, which will invest in everything,
else which will invest in other stuff. This all at
a time when Tesla's profits dropped seventy one percent in
the first quarter and sixteen percent in the second quarter.

(33:52):
So again, Tesla's not doing well, but people believe in
Tesla's management believes that it will be doing phenomenally well
in the future. All right, what else? Oh yeah, I

(34:13):
told you that the National Conservative Conference would be the
gift that gives on giving. So today Josh Holly spoke
the other senator from Missouri. We now have to watch
two different senators from Missouri for their insanity, for their
sorry nationalist insane views, This is This is a quote

(34:40):
from from Josh Hollty from his presentation for the at
the National Conservative Movement Confidence uh TO today, and this
is what he says about AI. This is at about
the same time the President is hosting this big dinner
for all these u CEOs praising AI, determined to make

(35:05):
the United States a lead an AI and a global scale,
praising their investments in these massive silver farms to AI
silver farms, where the administration is going all in on AI.
This is what Josh Harley has to say about AI.
Not content with addicting our kids to their gizmos, our

(35:26):
tech elites have turned with rabid enthusiasm to AI, hailing
it as the greatest contribution to humanity, even claiming it
will save the world. Of course, it will also make
them unconditional sums of money. But only the most cautious

(35:48):
articulate the real reason for the fervo AI will reinvent
human existence is fulfilling transhumanist goals. If it proceeds unchecked,
the tech barans already the most powerful people on the planet.

(36:11):
This is why the second to Donald Trump will be
more powerful than ever. I mean, they're really afraid of
this transhumanism stuff. They're really afraid of this idea of
using tech and biotech ultimately to make human beings better, stronger, smarter, faster, better.

(36:37):
It scares the Jesus out of these Christian Conservatives. It
goes against this idea that you were made in the
image of God, and you know, and we have to
be we can't play God, and if we play God,
it's the end of the world. But isn't it amazing

(36:57):
that the thinkers behind the national Conservative movement I think
is behind out a nationalists shift politically, people like Josh
Holly really afraid of AI, and I'm sure Just Holly
would love to regulate the hell out of AI. I
wonder to what extent Josh Holly and the Vice President

(37:26):
are aligned on this, because you know, our VP was
a vinch capitalist once and is very friendly with the
tech crowd and is very in with the group of
people sitting around that table. I mean, Jadie Vance considers
himself one of these tech people and his you know,

(37:53):
his sponsor, Peter Teel. You could argue Peter Teel is
kind of interested in this transhumanism stuff, certainly in life extension,
but enhancing human beings and I don't. And indeed, Peter
TiO is just given it is just being higher to
give a series of lectures on the Antichrist, on the

(38:16):
coming of the Antichrist, and Peter Teo believes that the
Antichrist is a Luddite. The antichrist does a hate of technology.
The Antichrist is somebody who will scare people about technology
and become an authoritarian, become take control within anti technology message,
and then use technology, of course to oversee all of
us and to govern and rule over all of us.

(38:39):
But Holly doesn't like AI. But what he doesn't like
more than that is the tech businessman. He doesn't like businessmen,
he doesn't like profit, and he certainly doesn't like transhumanism.
I mean, it's one of the things that they hate
so much about trans movement. I mean, look, there's a

(39:00):
lot not to like about the trans movement, and there's
a lot of problems with the whole concept of trans
But what they really hate is this idea of taking
taking control of yourself and being able to change yourself

(39:24):
in profound ways, which technology is going to allow us
to do. And they're petrified of this. They're petrified of
us becoming little gods and and and shaping not just
you know, not just our soul, but also a body

(39:46):
and now how it works and how it functions and
hopefully for the better. So uh yeap, that is the
latest and National Conservative Conference. I will have more to
say about the National Conservatives once the conference is done

(40:08):
and and once I have a time to review kind
of all the different talks there. But I thought that
quote was definitely worth sharing with you. Talk about immigration.
The the ICE had its biggest ray today, biggest raid
on an employer that it's done so far. And this
this was a raid done in Georgia, in the South

(40:33):
in Georgia. Uh. And they raided you know that that
that unproductive. Uh, you know, just just just leachy company
called Hyundai. Uh. They they raided a Hyundai EV plans.
You know, this is part of the reshoring. This is
bringing manufacturing to America. This is building electric EV batteries

(40:55):
in the United States. Uh. This is a factory that's
a joint venture between Hyundai and LG the two big
Korean conglomerates, And it is building batteries, batteries built in America,
which is the goal of the Biden administration. Now the
goal of the Trumpet administration, but we shouldn't let them

(41:17):
build if they're building it with undocumented illegal immigrants. So
on Thursday yesterday, ICE arrested four hundred and seventy five people,
four hundred and seventy five people, most of them are
South Korean citizens at the construction site fund for the

(41:39):
Hondai for the battery plants near Savannah, Jeogia workers. The
claim is that the workers were in the United States
illegally or were working unlawfully. Not sure what that means.
Maybe they were here legally but not on work visas.

(42:00):
Investigators are still determining employment details of those arrested, some
of whom work for subcontracts, not for the main companies,
not for Hyundai or LG. And this is what the
agent said, This operation underscores that commitment to protecting jobs
for Trogians and Americans and showing a level playing field

(42:20):
for businesses that comply with the law, safeguting the integrity
of economy, and protecting workers from exploitation. I'm sure these
workers were being exploited. I'm sure they had no other options,
and I'm sure this is going to make I mean,
I love the fact that he cares about the workers.
I'm sure this is going to make their lives batter,

(42:40):
the fact that they've been arrested now and that they
will probably be deported out of the United States. So
these are kind of the fallacies they put together. And
I'm convinced one hundred percent that Hyundai and LG will
not have any problem at all finding Americans to do
the work that needs to be done. That they can

(43:00):
build a plant and manufactures batteries in the United States
in a cost effective way. I'm sure that's the case.
A lot of Trojans would love to go and do
the work that these Korean illegal immigrants were doing. Know
who we're going after. We're going after people who are working,

(43:23):
people who are working for a living, producing, creating, building
When an economy with very low unemployment so far things
might change soon. So far, very low unemployment, and we
have people who come to this country to work, to produce,
to create, and who are being employed by companies that

(43:48):
are building in America. Exactly what Donald Trump wants foreign
countries to build in America and the building in America,
but to build in America, they're using workers who are
good at it, maybe cost effective and what we're going

(44:10):
to do is to rest them all and send them back.
Send them back. You know, South Korea's worried for citizens.
It has confirmed that South Korean citizens were among those
in custodies. This was a big operation because there were
a lot of people to arrest. Included Department of Homeland Security, Immigration,

(44:32):
custom Ice, and the FBI, and it also included the
Atlantic Division of the Bureau of Alcohol, Tobacco, Firearms and Explosives.
Just an amazing, amazing operation of all these departments protecting
your life, protecting you from I don't know from what,

(44:53):
from terrorists, from your rights being violated, how these hard
working South Koreans violating anybody's rights. By the way, immigration
operation has brought the construction to a halt at the
battery plant. UH and UH, the the companies responsible for

(45:17):
building it are operating with authorities UH, the South Koreans, UH,
you know, sending UH, sending somebody to review I guess
the treatment of the South Korean the that are being
held a This is what your your tax money is

(45:40):
being fed on, and this is how your rights are
being protected by the Trump administration. I'm sure you go
to bed every night feeling really good about it. Talk
about protecting rights. The Traumedom station is wrench rat setting
up it's threats on the cartels and on Venezuela and

(46:05):
on the drug smuggling into the United States through the
Southern Caribbean. Indeed, the Defense, the Department of Defense has
now deployed ten F thirty five lightnings lightning twos to
an field in Puerto Rico, my home state, to combat

(46:27):
to cartels. We've now got Let me just do this
before I lose my audio. Let me just switch mics
before that happens.

Speaker 3 (46:38):
Let me just turn this one on, check this one off,
all right, put this in the box to be charged,
and close the box and we'll all set cool.

Speaker 1 (46:52):
I caught it before it shut down. That's good. We
now have F thirty five's in Puerto Rico. I feel
a lot safer. And this is part of this build
up off the coast of Venezuela and the Southern Caribbean.
The war on drugs. The lessons from fifty years on
the war drugs is let's double up. Let's do more

(47:14):
of the same. Let's do more aggressively the same stuff
that hasn't worked for fifty years. And we need stealth jets.

Speaker 4 (47:25):
Because because because I don't know, maybe they are afraid
that Venezuela has some air defense systems that you know,
could take out our jets.

Speaker 1 (47:37):
I doubt it. They do have F sixteens, which we
sold them a long time ago. And there are two
of the F sixteens, you know, flew very low above
one of our ships earlier today and you know, kind
of a threatening manner. Trump has now said the next
time they do that, they'll be shot down. So yeah,

(47:57):
Trump is all in on threatening at least Venezuela, and
on bringing the war on drugs to the South Caribbean
and really showing his MAGA mega supporters muscle toughness. I mean,
it's a Department of War now, not the Defense Department.
Don't don't even try Defense department stuff. It's the Department

(48:20):
of War. Into war we go, to war, we go.
They are now gonna use overwhelming force against narco terrorists.
Let's see how that works. You know, it is interesting

(48:45):
to know whether Venezuela has Russian anti truck anti aircraft themselves,
and that's why they're deploying F thirty five's and they're
gonna take this fight into Venezuela. All right, that is
the news for this fight. AM about a fifth and
thank you all for being here. Let we will now

(49:06):
go to our super chat and I will remind you
to ask questions. You guys, get to the swimmin. The
rest of the show will be dictated by how many
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all questions, I read all comments that are presented as
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(49:42):
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(50:03):
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(50:23):
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(51:06):
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(51:27):
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(51:49):
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(52:10):
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(52:30):
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(53:35):
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You will just get a much much deeper understanding of
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(55:06):
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You'll get to ask questions. We did well, but we're

(55:51):
still like forty two dollars short of our two hundred
and fifty dollars goal, and we are four minutes four
minutes to target. Four minutes. It's to the first hour
being over four minutes to midnight here in Florence. All right,
let's jump in with our super chats. We've got Michael

(56:15):
starting herself with fifty dollars. Thank you, Michael, Michael keeping
him keeping pace to make sure he is the number
one super Chat super Chat champion month after month. Michael says,
it's being passive aggressive, a sign of moral cowardice. Instead
of explicity stating what you want. You're attempting to get

(56:37):
people to act in a certain way by implementing psychological
pressure through comments that make people uncomfortable. Yeah, I think
it is. It's also a sign of all kinds of
psychological problems that people have. It's I think the lack
of moral courage or courage generally is I think associated

(57:00):
with lack of self esteem and just a confusion about
what it means and to be assertive and to ask
for what you actually want. People find it very difficult.
It's also consequence ultimately of altruism. Again, altruism teaches us

(57:21):
not to be selfish, not to be self interested. Part
of being self interested is to tell people what you expect,
what you want, and that is that schooz us up psychologically.
We have a small claim that says, don't don't push
for what you want, don't ask for what you want,

(57:42):
don't be clear about what you want. That's selfish. You
don't want to look selfish, you don't want to be selfish.
On the other hand, you want to get the stuff done.
You want the stuff that you want, So you are
pressure altruism, but you can't actually be self interested in
saying it, so you act passive aggressively in the hope
that you get what you what you want. So altruism

(58:07):
is the cause of so many of these psychological issues.
It's the cause of so much, and it's it's definitely
a cause of this kind of cowardice, this this kind
of hedging, and this kind of you know, passive aggressive behavior.
So it's a yeah, it's it's Andrew says, the defensive mentality.

(58:31):
It's defensive in the sense that it's, you know again
that you're not actually going in the offense, actually saying
what do you think? It's it's protective. It's I didn't
say that, I didn't act selfishly. I didn't do it.
Andy End, you're doing something really bad, which is being

(58:53):
passive aggressive, driven by I mean, ultimately, this is I
think so much of this is driven by the extent
to which altruism is not culcaded into our thinking from
a very young age. All Right, let me thanks some stickers, Gail,
thank you, John, thank you, Geffree, thank you, Roland, thank you.

(59:16):
We need more guys, thirty four more dollars in the
next minute. Unlikely. Alright, let's see any other stickers, any
other stickers. No more stickers, okay, I thank to all
the sticker people. Thank you guys for that. If you
if you can support us now, that will be great.

(59:38):
If we can get that number up, that would be fantastic.
All right, Vikrum says, I'm planning my first ever trip
to South America. Which cities I must do? When I
talk about Rio, friends give dire warnings of security. If
it's so bad that I should stay away from Rio
on my trip, No, what, I'm sixty one and South

(59:59):
America is a very very long way from home. Uh. No,
Rio is not that bad. It's bad. I mean, you
have to be careful, You have to have open eyes.
You have to keep your wallets in your front pocket.
You don't want to be carrying, waving around your iPhone
in your hands. Some motorcyclist will grab it from you.
You want to you want to just do. Your backpack
should be in the front, not in the back. You

(01:00:21):
just do. You want to do kind of basic protective
things that you know a lot of people do anyway
in big cities, but in Rio you want to do
in spades. Certainly you do not want to walk into
the favelas, but you'll know where they are. They easily found,
they're easily there, or they're very close. They're easily there,

(01:00:42):
and you certainly don't want to go there at night.
You might not want to go there during the day.
You don't want to go there during the day. You
just don't want to go into the favelas unless you
have a guide. I've done that. You know, taking a
guide and gone in. But no, you cannot miss real
It is the most beautiful city in the world. And
you just can't miss that. You can't miss the geographic

(01:01:03):
Now you have to come. You have to hire a driver.
Don't rent a car. Hire a driver than not expensive.
And the driver guides. Hire a driver guides and they
will take you to all the and tell them I
want to see all the sites, the best views in
Real and they will take you. And you've got to

(01:01:24):
just spend a day doing that, spend a couple of days,
three days in Real. So Rio is a must. I
think it's a must. I think it's the only city
in Brazil. It's a must for tourists. I mean, I
think being in Buenos Airius right now is super interesting.
Santiago in Chile is a beautiful city and an interesting place.

(01:01:46):
So I'd say those are the three cities. Santiago is
the safest, although that's changing more and more gang activity
in Chile unfortunately. Buenos Ayrus is very safe, is safe,
but again it's considered a safe city. But somebody I
know had the iPhone just snatched out of their hand
in the middle of the street and the guy jumped

(01:02:07):
on the motorcycle was gone, so you know, you just
have to be careful. But yeah, don't I don't see
any problem going to Rio, and Rio is such a
magnificent place. I would definitely go. So Rio, Buenos AIREUS
Santiago would be a great three places. Now if you

(01:02:28):
want to travel around, there's lots to see. There's there's
Ego Zoo Falls where you can see from Brazil o
from Argentina. There is there is the what do you
call it Patagonia, which you can Patagonia which is the
south of Argentina but also the south of Chile and

(01:02:49):
magnificent mountains and beautiful, beautiful scenery. There's Bariloche in Argentina
which is an area of lakes and and again beautiful scenery.
You go to Mendoza, which is wine country in Argentina,
and you can go to Amazon, which is a pretty
amazing to experience. You could go walk in the glacier

(01:03:11):
in Calafate. Calafata is the place you fly into, so
there's the glacier you can walk onto. Again that's in Argentina.
So I'd say if you do Brazil, Argentina, Chile, and
you really tour the places, not just cities, but the places.
Then you're talking about a couple of weeks. But until
you asked about cities, and I'd say those three cities

(01:03:32):
of us do well. I mean, it depends what you're
giving up and out to do. I put Rillo at
the top. Andrew, are you surprised that American businessmen are
kneeling to politicians in the year twenty twenty five or
doesn't make sense given the philosophy in the culture. I

(01:03:53):
mean it makes sense. It hurts, it's tragic, it's sad,
it's depressing, but it makes sense. I mean, think about
the beating downs these businessmen have gotten in Congress. And
there's a sense in which while Trump's insanity on talis
and immigration is there and other things, from a business perspective,

(01:04:13):
he's pretty good to them. And certainly taxes called the
taxes were cut, so that's been really, really good. So
I can see why they like him, particularly given an alternative.
But they've been beaten down by Congress. They've groveled before Congress.
They've been forced to play that role already with Congress,
and now they're doing it with Trump. It's just sickening

(01:04:35):
that Trump would want it. It's sickening that this is
on display like this, and it's sickening that they're doing
it even though it's completely expected. It's not surprising at all.
Andrews says, your comments about intensification of the drug wars

(01:04:57):
spark this question. Why does the Why does the violating
of a right beget further violations of rights? Why does
the violating of a right beget further violation of rights?
I think mainly because once you violated the principle, then

(01:05:17):
the principle is gone. It doesn't mean anything, So why
not violate more rights? So you know, once I violated
your property rights, why would I uphold your right to
free speech? And if I uphold if I violate your
property rights in one realm, I don't know. Years ago
we thought it was unbelievable. I mean, there was an

(01:05:40):
outcry against Obama in a sense taking a position in
the American government, taking a position in general motives. There
was an ocraw about it. And now nobody cares that
Trump is doing the same thing with Intelligent with with
a number of other to other companies, with your steal

(01:06:05):
and with the Rare Earth Materials company. It's like this
is once once you can't. Once the principle has been violated,
there's no there's nothing to stand on to object to.
What's coming next? Mathias? How you ron just want to

(01:06:28):
say I see you as an equal human being. That's good.
I also want to welcome your enemies. Why are we
welcoming my enemies. I'm not sure why you're welcoming my enemies.
I just don't get it. But thank you, thank you
for the support, and thank you for for the statement. James,
have you ever explored England outside of London? It's so

(01:06:50):
dumpy and depressing, like everyone just lives on welfare and
does nothing with their lives. I mean, I don't know
what to say about that. I mean, I'm being outside
of London, I mean to I've spoken at universities all
across England. I've spoken I just was in York, I

(01:07:11):
mean to Bristol, I've been to kent To you know,
I mean everywhere, and I didn't get that impression. I mean,
maybe that's true. I'm not saying it's not true, but
I did not get an impression. My impression generally is
not dumpy and depressing. I mean England is depressing because
it's gray all the time. But not. I mean, a

(01:07:32):
lot of these universities are very pretty beautiful. The students
seems engaged and and and they're the There seems to
be some vitality there. So no, I have not found it.
I'm sure there are areas outside of London, indeed areas
in London that are dumpy and depressing and people doing
nothing with their lives. But I haven't found that in

(01:07:53):
my travels around. But granted I usually go into a
city or town, go to the university of talk and
get out of there, so I don't have a lot
of experience, right, James. The second question is this, the
modern mixed economy model have a few cities where all
the wealth and the innovation occur and everyone else in

(01:08:14):
the country lives on benefits. Well, again, I don't think
that's quite right. You've got your farmers who are well
some of the many of them are being subsidized in
all of them being protected by tariffs, particularly in the UK.
But yes, I think the modern mixed economy basically separates
out the creators and the and the and the loot

(01:08:36):
and the mooches, right, the builders and the and the
mooches and uh in a economy like London's, which is
a bit of the UK, which is primarily based on services,
where services of the growth industries tech, tech and finance,
those all based in London. That's where the production happens,

(01:08:56):
that's where the wealth gets created, and then much of
the rest of the country mooches off of that. And
because the mixed economy does not provide for the economic
growth and the job creation that a capitalist economy would,
they're kind of stuck. They're kind of stuck. And there's
seemingly a justification. It's a circle, right. The welfare state

(01:09:22):
retards the economy. The retarded economy creates more people who
demand welfare, so the welfare state is expanded, where actually
shrinking the welfare state or eliminating it would actually bring jobs, wealth,
prosperity to those people who are living on welfare now.
But that is the mixed economy, that's the welfare state.

(01:09:45):
The destructive nature of the welfare state. It destroys lives,
the lives of the people who are being exploited by
having their money taken away to be distributed, and the
people receiving the money who are then told don't worry
about a job don't worry about a life here. The

(01:10:06):
government's taking care of you. You know, we all know
you're worthless. We're giving you this check just to keep
you around, to make ourselves feel good. Whereas a capitalist
economy basically sends the message to people your competent, you're able,
we have the full trust that you can take care

(01:10:26):
of yourself. Go do it. I mean capitalism is emboldening,
is emboldening of the individual. Clark. All government attempts to
redistribute wealth and income, smother productive incentives and lead towards
general impoverishment. Yeah, absolutely absolutely, we're seeing that in the

(01:10:51):
more advanced welfare states. You see more of that. The
economy is a grinding to a holt haperca about you
really believe that a guy making fifty k a year
can be as happy as the guy making five hundred
k a year. Once you're used to making your money,
you can't be happy going back, at least that's my experience.

(01:11:15):
First of all, going back is different than the scenario
your posifing, So am I significantly happier making a half
a million dollars a year than I was when I
may fifty thousand dollars a year I don't know. I
mean it was a different phase in my life. Different
things are going on, different values were being achieved. I

(01:11:38):
can't say I'm dramatically happy, Enow because I have more money.
I mean, I wouldn't give it up. If I gave
it up, I would be unhappy. That's true because my
values has changed. My values are much more aligned with
a half a million dollar salary than worth a fifty
thousand dollars. But I don't think. I know a lot

(01:12:08):
of people making half a million dollars were unhappy, and
I know people who make fifty thousand were happy. So
the money is not what's going to make you happy.
But look, there's no question having more money, you know,
enhances your happiness, but it's not a few requisite for happiness,

(01:12:29):
and en answers it. It makes it. The reason I
wouldn't want to give up the money today is that
I can do things that I couldn't do when I
was making fifty thousand. And when I was making fifty thousand,
I guess I didn't care, but now I can. Now
I want to do those things right. So more money

(01:12:52):
is better, no question, more money is better, but it's
not the determining fact that it's not that much better now.
I want a few money. I think a few money
would allow me to be a little happier because it
would take certain worries off the plate. Wouldn't have to
think about money at all. That's what a few money means.

(01:13:15):
But I'm never gonna have a few money. Does that
make I'm never gonna be happy now. I'd have less
stress if I had a few money. But would it
be that much happier? Eh, marginal, marginal, Maybe it wouldn't
be doing shows at midnight andrew more on the effects

(01:13:39):
of breaking principles. Rand was asked what if we had
lash except for a small amount of welfare for the needy,
and she basically said, we'd end up in a mess
of a mixed economy, just as we have now. Yeah,
and that's exactly I mean, that's exactly how the mess
we're in right now started. We had less affair except
for some regulations of a little bit of regulations of

(01:14:00):
the railroads and the banks. So it was an easy
step to regulate big business, not small business. We don't
want to regulate small business, only big business. With the
Showman Act, and then we regulate small let medium size businesses,
and then we regulate employments, and then we regulate everything.
And then we start out with a very small welfare state,
some welfare at the state level, almost no welfare at all,

(01:14:25):
and then you get the New Deal with a little
bit more welfare like so security, and then you get
the Great Society with a lot more welfare, and then
you get today with a lot more welfare. Yeah, it's
always that way. Once you give up on the fight
on the principle, then there's no end to how much

(01:14:45):
that principle would be violated. Andrew, it doesn't require superhuman
mental ability to be rational, That's absolutely right. It doesn't
require Yeah, everybody, everybody's human who has the capacity to
be human, capacity to take care of themselves. So suddenly
suddenly mental handicaps, it's a problem. But if you can

(01:15:11):
take care of yourself, if you can make a living,
you can live, then you have the IQ to be rational.
You have the mental capacity to be rational, the brain
capacity or whatever it is. Liam says, what motivated helped
me to write dim What was he observing in the
culture to make him want to put in writing these
predictions When things were looking pretty good fifteen years ago,

(01:15:34):
when he began writing. I don't think Lennard ever thought
things were looking good. I don't think any of us
really thought things were looking good fifteen years ago. There's
nothing about the culture that looked good fifteen years ago.
I mean, fifteen years ago you had you had the
failed war on Terror, you had Iraq, you had Afghanistan,
you had a financial crisis. I mean it's a myth

(01:15:57):
that fifteen years ago or twenty years ago things were wonderful.
They want, they were hubbable, and Leonard knew that, and
I knew that. We all knew that. Nobody was I
mean the Tea Party. We were hopeful, but there was
no I mean, Lenin didn't really buy into the Tea
Party as an agent for real change and sustain change
over time because they were so anti intellectual. So, but

(01:16:20):
what motivated ap was not to put down these predictions,
because the predictions didn't He didn't start with predictions. What
motivated Leonard was his study of induction of pistemology and
his study of history. He was actually working on history,
and what he observed was this pattern, the pattern. So

(01:16:46):
his interest in writing the book was not just about
the prediction. His history in writing the book was to
educate us about what he viewed as a patent that
related a culture's attitude towards integration epistemological point, with its

(01:17:07):
mode of operation, and with its future, with its future.
And he was just he was interested in that. He
was interested in this people's attitudes, impless attitude too, of
pistemology were shaping the very nature of their culture. And

(01:17:30):
then what you could see was a certain pattern to
shape the future. That is, a culture that had a
particular view of integration led to a culture that had
a different view of integration. And you know, there was
this evolution and it led him to come up with this,
which I think is that is the real breakthrough, is

(01:17:51):
that the idea of these three modes, this d i M. Disintegration, integration,
integration and misintegration and viewing a culture in these terms,
viewing art in these terms, viewing the future and the
past in these terms, that is what interested in. I

(01:18:13):
don't think it was the predictions that motivated him. But no,
nothing about the culture fifteen years ago suggested the things
were going to be great at all. Neil says, what
would you do in that situation? How would you kneel
deal with Trump as a CEO of a company, knowing
he would want to associate with you. You know, it's

(01:18:39):
really difficult to say. It would depend on the health
of the company. It would depend on its importance, it
would depend on it. It depends on the extent to
which it was importing, exporting, what it was exactly doing.
You you would It depends on me how long I
was CEO, and and who are the shareholders and what

(01:19:01):
the shoholders wanted. I might have to just resign. But
what I wouldn't do is what they did. I wouldn't
do that. I would rather resign. Halper Campbell could air
I produce a movie or documentary about objectivism. Sure, who

(01:19:24):
to watch it? I mean, I've been involved in several documentaries.
There's documentary years ago about Althla Shrug, which was pretty good.
There's a documentary basically around my work on finance, about
the financial crisis and about you know, why everybody hates financiers,

(01:19:44):
and it's a good documentary with some really valuable content.
Nobody ever saw it. I don't see I don't see it.
The story is really how do you get something seen
and not made and then you need the skill and
the challenge to make. There was a documentary that was
nominated for Oscar on Immans, but again not many people

(01:20:11):
saw it, so it's always under consideration. I don't know
what a movie about objectivism is a documentary, I get,
I don't know what a movie you would be Matthias.
My earlier comment was about Cold Place singer who welcomed
Palestinians in the crowd after Israeli fans invited on stage

(01:20:36):
were booed okay, so you welcome the enemies. I see, okay, Andrew.
This makes a Christian altruistic society very uncomfortable. But isn't
the truth that something Sometimes the strong has to use
force against the weak if it's in retaliation to aggression. Yes,

(01:21:00):
I mean, but look, the state is always strong the weak.
The criminal is always weak, and we use force against
criminals all the time. So it's not that much of
a reach in a sense that the whole the whole
criminal justice system is based on that the criminal is weak.

(01:21:25):
The state is strong, has money, resources, have weapons. So
but that's the only way to enforce justice sometimes is
to is to use strength in order to take out
the take out evil. Andrew and note to Hegel, if
one needs to know everything in order to know something,

(01:21:46):
then one knows nothing. Yes, that's right, we know nothing
because we cannot know everything. Marius, is there any hope
left for Taiwan? Do you think the world is ready
to have TSMC in the hands of the CCP? I
don't you know. I don't know. I think the over

(01:22:09):
Taiwan is that Taiwan can defend itself, and maybe maybe
it has allies will come to its supports. But I
do think there's hope for Taiwan. Also, the fact that China,
in spite of everything, is fairly weak. It's got this
massive army with sophisticated weapons. Well, we don't know that

(01:22:30):
those weapons will work. We don't know that they can
pull off an invasion of Taiwan. I mean, they've got numbers,
but will they be willing to pay the cost, the
economic cost of sanctioned cost, the potential of dragging the
United States and China might just leave Taiwan alone. And

(01:22:52):
I think there's a good chance that over the next
five years we will not see a Chinese invasion of Taiwan.
And who knows what happens after that. Isteric economy aside
from health and family issues. I have trouble understanding unhappy
wealthy people. Is it values related lack of goals to
use the money? Yeah, it's all values related. Happiness is

(01:23:16):
all about values. It's not about family, it's not about
it's not even about health. Ultimately, you can be unhealthy
and happy. Happiness is all about values. It's about the
pursuit and achievement are pro life values. And a lot
of people who are very wealthy don't know what to

(01:23:38):
do with their money. They don't have any values anymore.
The value was getting the money or the values worth
starting a company. They started it, they sold it, they
made a billion dollars. Now what they don't know what
to do with. Happiness does not come from spending money.
It does not come from buying yads. It does not

(01:23:59):
come from two hundred million dollar weddings. It does not
come from having money. It comes from the pursuit of values.
And you can still do that if you're a billionaire.
You start a space company, for example, start a new company.
You don't learn how to sing. I don't know find values,

(01:24:22):
pursue values. But some people don't know what to do
with themselves. They lose interest lose interest in the world,
they become playboys, they become pure materialists, and they can't
be happy. So it's not about money. And you know,

(01:24:49):
I know, I think beyond a certain amount of money,
money is fun and great and can achieve things, but
it's not necessary for happiness. You know, it can reduce stress,
but I think too much emphasis is placed on it. Andrew,

(01:25:13):
we could use a reverse DIM that identifies and celebrates
the causes of enlightenment. Is there a book out there
that does that. Well, there's a sense in which Dim
does that, right. He talks about the Enlightenment, he talks
about what it is that made the Enlightenment the Enlightenment.
But in terms of the causes of the Enlightenment, yeah,
I mean Thomas Aquinas h and the Renaissance basically caused

(01:25:38):
the Enlightenment. So uh, But at an epistemological level, you know,
I don't know. I don't know how you would do
something like Dim. You didn't even have a genius like
Leonard to do something like that. I'm certainly not that

(01:25:58):
all right, guys, thank you, thank you. This has been
the run Brooks Show News show for Friday, September fifth.
There will be a show tomorrow on something unrelated to
the news. I'll figure out what it is exactly or
related to the news, but more in depth. We'll see

(01:26:18):
maybe something positive, maybe something about Florence. I will let
you know, thank you all for being with us, and
I will see you tomorrow and if not, on Monday. Bye, everybody.

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.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}Milei vs Statism; Jobs Lies; CEOs Kneel to Trump; AI Grab; Immigration; Drug War | Yaron Brook Show