Milei’s Fall, ICE Chaos, SCOTUS Battles, Gaza Tensions & France’s Future? | Yaron Brook Show - Yaron Brook Show

Episode Transcript
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Speaker 1 (00:03):
A little lot of it. Fundamental principles. I'll love reading it,
rational self interest and individual lunast. This is the Ran
Brook Show. All right, everybody, welcome here on Brook Show
on this Monday, Monday, September eighth. Hope everybody's having a

(00:30):
fantastic Monday beginning of the week. All right, I guess
we can just jump into the news. I'll just say
we'll probably have shows all this week and over the weekend.
Most of them will be around this time, maybe a
little later, but except for Thursday, it might be quite

(00:50):
a bit later. But I'm going to try to do
the shows at around three o'clock the rest of the week.
All right, So let's start off with some bad news.
So we talked about this on Friday.

Speaker 2 (01:04):
Milay had a regional election, local elections that his political
party was participated.

Speaker 1 (01:15):
La Liberdad Avanza is his political party, and it was
participating in these elections. These were elections held localities and
some of the districts. Anyway, the winning these elections was
not that important for what Melae can and cannot do

(01:37):
at the national scale, but the results of these elections
were deemed to reflect this popularity and deemed to be
reflective of the potential for his political party in the
October parliamentary elections. We has to do well in order
to get enough parliamentary influence to be able to continue

(02:00):
with his reforms. So the hope was he would do
well in these regionals and that would give him some
momentum going into the October parliamentary elections. And fortunately he
didn't work out like that. The election was quite negative
for Midla's political party. Paul showed that the Peronists the

(02:22):
center left, well really left, I don't know what center
about them. The Leftist Party would win by one to
three percentage points, which would be fantastic, which would show
his political party on the rise and being a significant
force in Argentina. Unfortunately, the Peronist landed up winning by

(02:43):
about thirteen points thirteen points which is high. So Theist
party won forty seven percent of the vote. I mean,
I don't know what the hell the Argentinians are thinking is.
I mean, it's it's crazy. It's crazy that people constantly

(03:05):
repeat the same mistakes over and over and over again.
Now this is just what this was. This was just
in Buenos Ayrus. These are local elections in Buenos Ayrs
but Bonacirus is, of course the most important district in Argentina.

(03:28):
Forty for the Parona's thirty three point eight for Malay's
a La tibadad Avanzana. I guess the rest of the
votes went to smaller political parties. So Milay himself called
this a clear defeat. I mean, that's the other thing
about me, Lay is you went out immediately and said, yeah,

(03:51):
we lost big. No whitewashing, no pretending, no evading, no
telling stories. It's not good. Got to get out together anyway.
It's really horrific that people would continue to vote for

(04:11):
the same policies that for decades, really since World War Two,
have driven Argentina into greater and greater and greater poverty,
necessitating the kind of radical action that Melaya's had to
take over the last couple of years. So now we're

(04:32):
heading to the October twenty sixth national midterm elections. It's
going to be incredibly success suspenseful. Milay's agenda is up
in the air. I haven't seen how Argentinian stocks did
you know, did today, But you know, I guess they

(04:56):
would be down. But you know, there's been a light
up tick the inflation in August. The Pesto has been
appreciating the senses. The growth to slow down. Congress is
creating all kinds of tensions and problems. And there are
these corruption claims against Malay's sister who is his chief advisor.

(05:20):
So we'll see, we'll see if you can recover from this.
It's going to take. It's going to take a lot
of a lot of positives, a lot of positive things
happening now between now and October. This is what Melay said.
He says today we've had a clear feat. But if
someone wants to start rebuilding and get ahead, the first

(05:42):
thing he needs to do is accepting the outcome. Woo ooh.
Is that a stab at somebody we all know that
doesn't accept the outcomes when they lose. That Is that
a stab at at at Trump? Trump? See it as such?
Will somebody tell Trump that Mila just said that if

(06:06):
you want to start building and getting ahead, the first
thing he needs to do is accepting the outcome. Yet,
this is a floor for us, but a ceiling for them.
And I want to highlight that the course by which
we were elected in twenty twenty three will not be modified.
We will double it down. Either freedom advances or Gentina

(06:31):
goes backwards, and our commitment to make Argentina great again
is non negotiable. So that is a Melay promising to
double down on his plans, on his programs, on what
he intends, what he intends to do. So, yeah, it's

(06:57):
a tough I think it's a tough loss. He doesn't
deserve it, and you would think again that maybe I
understand that they might not be happy with him, but
maybe they go to a third party, maybe a new party,
maybe one of the small parties. But to literally vote
for the poronias, literally vote for Kishna from Christina Fernandez,

(07:20):
the kishner, the corrupt former president, to vote for a
political party, to vote for the corruption, the inflation, the stagnation,
just the poverty that they brought to Argentina, uh over
the over the last what seventy years. It's just it's

(07:44):
just hard to believe that the Argentina people are that
gullible that I don't know that'd be willing to to
stab themselves, to stab themselves. Right now, Melay has a
tiny political party in Parliament and he needs he needs

(08:08):
the game, some seeds. He needs to He's not gonna
get a majority, but he needs to get significant presence
in the Parliament in Congress if he is going to
succeed there. The proneist to have the largest block in
Argentina's Congress. Uh. And they've they've blocked many of Malay's
initiatives and actually passed initiatives to kind of counter what

(08:31):
Milay is trying to do, for example, the increased government spending.
They're trying to get increased goverment spending. Uh. And anyway,
uh uh Kishna has been you know, making fun of
Melay and trolling him, and uh, we will see. This
is a wake up call for the government and it's

(08:54):
going to be really interesting what they do in the
next few weeks months really, there's no months. There's just
weeks before the October twentieth election to try to turn
this around. But we will see. You know, the Buenacidis

(09:16):
hyself the city is the mayor of the city or
the governor of the Bonocireus province is a Kishener, right,
a left wing peronist who is Mila's probably fiercest critic
and is probably going to be the guy who runs
against him in the next presidential election. So this this

(09:40):
emboldens him and it gives him reason to believe that
that he can he can win. So we'll see, we'll see.
I mean, the one right spot in the world politically,
politically is hopefully not dimming. But we will see, we

(10:05):
will see. And again note that this is not his
reelection and it is not an election Parliament, but it
is indicative of his declining popularity within Argentina. I want
to return to another story recovered on Friday, and that
is the rest of four hundred and fifty people at

(10:29):
a Hyundai site in Georgia, a site being built by
Hyundai and LG to produce batteries in the United States,
electric batteries in the United States. This is part of
being manufacturing to the US, a part of creating jobs
in the United States. Supposedly, and ICE ICE sent four

(10:53):
hundred agents on Friday and arrested four hundred and fifty
workers at these plants, claiming they were doing so in
one way or another illegally. Of the four hundred and fifty,
at least three hundred it's not exactly what the number is,
but at least three hundred of them were identified as
South Koreans. Now, what is amazing about this is Yeah,

(11:18):
there were South Koreans, but these are not illegally immigrants
to snack across the border to come here. These are
South Koreans employed by Korean companies. Many of them subcontractors,
contractors of Houndai and LG, some of them direct employees
of these companies. These companies investing billions, tens of billions

(11:39):
of dollars into the United States, and these are people
they brought in to help build this factory, put it together,
get it ready for launch, and that is when it launched.
When it launches, when it launches, this is a place

(12:04):
they will employ many Americans, one hundreds and provide us
with something that uncial security kind of requires batteries. Anyway,
I thought it would be a great idea. And Trump
is backing them to arrest four hundred and fifty people
if we work in this place because their visas are

(12:25):
not quite right. It turns out that some of these
Korean companies cut a few corners because it's so frigging
difficult to get legal documents to get people to come
into work to create a facility that then will employ Americans.
These people are not going to stay here, but they

(12:48):
didn't have exactly the right paperwork, so they were arrested.
But they want just arrest it. I mean, I don't
know if you saw the videos. They were handcuffed with
a chain around their body and handcuffs. Their legs were
put in chains, and they were tied together like a chain. Well,
no they're not tied together, but you know, and they

(13:10):
were boarded on buses. Regular people working, working, creating, building,
making stuff. We're arresting them. We're putting them in jail.
It's now illegally in the United States to work. Now,
imagine if South Korea chained three hundred US workers in

(13:32):
South Korea and put them in detention. I mean, Americans
would be flipping out. This is insane. It's horrible immigration policy,
it's horrible economic policy, and it's just stupid from policy. Remember,

(13:52):
Korea is supposedly an ally. Now we'll get to our
confrontation with China in a minute and whether the Trumpet
administration really cares about, but South Korea is supposed to
be an ally in our confrontation with the Chinese. South
Korea is the one place where you can where the
United States can actually probably build some ships. They and

(14:18):
Japan are the only countries in the world where you
can really build chips other than China. They are the
second largest producer of micro chips that the United States consumes.

(14:43):
It's just whatever the story here is, this is unbelievably stupid.
And yeah, you know the stories are coming out about
cutting corners. Yeah, there's no question they cut corners. The
reality is that it's impossible to get the kind of

(15:04):
visas that they need in order to bring the people
into the country to do the kind of work to
set the factory up so we could produce in the
future batteries. So you know, the corners are probably not
that big. It's not that hard to imagine them doing it.
Maybe not the big companies, maybe not Samsung and LG,
sorry Hyundai and LG. Maybe it was the subcontracts that

(15:28):
did it. Maybe the subcontracting companies American But no matter what,
the issue is, what are we doing arresting them? What
are you doing? I mean, I thought the whole point
about getting ridility of immigrants was crying, these are not criminals,
or maybe it's jobs. These people are not taking Americans jobs.

(15:50):
These people are doing jobs Americans can't don't have the
skills for so that Americans canultimately get those jobs. And
South Korea is an ally of ours. This is not
some Chinese enterprise. And believe me, South Korea is going

(16:16):
to remember this and the tariffs and the general shitty
behavior on the part of the Trump administration towards South
Korea and other allies in Asia. This will be remembered,
and geo politically, we're just doing everything we can to

(16:37):
push them forward, to alienate the people who should be
our best friends. According to Wall Stet Journal, South Korean
nationals were largely given visas suitable for training purposes, such
as the B one visa, and many there were working
as instructors. According to South Korean government officials, I mean,

(16:59):
this is this is a company investing in the United States,
trying to speed up the process of getting the plant
built and done and getting everything done and maybe cutting
corners because of the bureaucratic hurdle that this government, our
government has put in place. This is how you deploy ice,

(17:21):
I mean, and they came out in full force, four
hundred of them. So it's it's really horrific, right, I mean,

(17:43):
why are we arresting people who are working at all anywhere?
Whether they're working in restaurants, working in farms, working in factories.
By the way, ICE has already said, there will be
more of these raids, there will be more raids on factories.
Mega thought this was brilliant. They loved this. Four hundred

(18:04):
and fifty people arrested all at once in one factory.
It made their decade. They thought this was amazing. But
the reality is, this is an administration and it's supporting
Cadwy who basically resents immigrants, resents foreigners, no matter where

(18:28):
they come from, except, of course, if they're white South
Africans then their heroes. But pretty much everybody else is resented.
It doesn't matter if they come from an ally country,
a shithole country as Donald Trump defined them, or a
or a enemy country. It doesn't matter. It's a foreigner

(18:49):
and they're bad and they need to be out and
we need to find ways to keep them out. And
you know, double up, and let's keep going, and let's
so yeah, you know this is just getting this getting

(19:13):
worse and worse and worse. The trumpetmerstation is getting more
and more arrogant, more and more confident and going after people.
The one good thing about this, there's a silver lining,
as they say, and the silver lining is that the
polls are showing right now that American support for immigration

(19:34):
is increasing. Right now, seventy nine percent of Americans say
that immigration is a good thing, with only seventeen percent
saying it's a bad thing. Now, that's seventy nine is
way up from when the election was held, where it
was still still in the sixties, but in the sixties

(19:57):
and the mid sixties. The way up since then. It's
actually the high point since this survey was taken by Gallop,
which was in two thousand and two. So it's at
the country right now is more pro immigration than it's
being since two thousand and two. And it's it's Biden
who really with the craziness on the border the turn

(20:17):
people away from immigration and Trump. During Trump's terms, people
become more pro immigration because they see the consequence of
the insanity and the nunetiness, the wastefulness, and the just
the horror of these kind of immigration immigration policies. By
the way, the biggest shift on immigration upwards in terms

(20:42):
of improvements is among the Republicans. Republicans were really really
negative and immigration when the election happened. They were under
forty supported immigration. It's jumped to sixty four percent of Republicans,
which is not quite a peak for Republicans. Republicans used

(21:04):
to be. I mean, in the mid two thousands it
was over seventy percent for Republicans, which is interesting, was
the same, They weren't about the same as Democrats. And
I bet if you go back to eighties and nineties,
Republicans were more pro immigration than Democrats. Certainly Reagan Republicans

(21:24):
were more pro immigration than Democrats. So yeah, it's it's
fueling a pro immigration trend. This is good, this is good.

(21:48):
We got a big boost among Republicans in favor of immigrations.
So in a question, and then you should immigration be
kept at its present level increased to decreased Republicans? Yeah,

(22:12):
it's mostly Republicans say decreased, but but that's come way
down from around the election. Uh, and kept at the
present rate has gone way up. Anyway, These polls are always complex,
but it is it is interesting. God, what is the

(22:37):
discussion going on right then? Trying to not read your chats,
let's see where we are. Oh wow, okay, all right,
let's just super chats flowing in. I really appreciate that.

(22:58):
Thank you, guys. Keep it up. Let's make today a
good day. We need a good day. We need a
good switchat day. All right, let's see what else do
we have? Yeah, you know, the Pentagon publishes I think

(23:21):
every year, but certainly big revisions happened every few years.
It publishes a national defense strategy. Bush published the Ford
Strategy for Freedom. That was his national defense strategy. I
was very critical of that when it came out in
I can'try in two thousand and five or whenever that was. Anyway,

(23:43):
there was now a draft of the National Defense Strategy
that was just placed on the desk of Defense Secretary Hegseth,
and it is it is fascinating. First of all, this
was a draft that was led. The writing of this
draft was led by Eldridge Kolby. Eldwhich Kobe is kind

(24:04):
of the intellectual behind the Defense department within the Pentagon.
He is the number two in the defenseimal, really in
charge of strategy and ideas. And Eldisch Kolby is a
guy who wrote that he wrote a whole book which
I read, called The Strategy of Denial, which was a
book dedicated to the idea that the United States strategy

(24:28):
should pivot. Its primary strategy in the world should pivot
away from the Middle East and away from Russia, away
from NATO, and should focus on denying china hegemony in Asia.
That is, challenging China in Asia and providing Asian countries

(24:49):
like South Korea, Japan, Vietnam, Philippines, Malaysia, Indonesia, India ultimately
with an alternative to China in maintaining, if you will,
America's strong position in the in Southeast Asia or in
Eastern Asia generally. And you know he is, He's the

(25:16):
guy who wrote the National Defense Strategy. But what is
what is truly amazing about this document and about the
actions of the United States over the last few months,
is it's clear that Kobe Kobe has moved away from

(25:38):
that strategy, has moved away from that. It is re
examining the relationship between the United States, Australia and UK
around submarines. It has dm it is put it mildly,

(26:00):
not really UH treated Japan and South Korea and Vietnam
the way you would expect to treat them if you
were building out alliance to confront China. It seems like
they don't really care about that. But in this new uh,
this new document now codifies this. It makes it clear

(26:26):
that in spite of the fact that Kobe rots the
whole strategy of the United States, and this explains by
the way you'll see this makes more sense what's going
on in Venezuela. The entire shift of the Department is
now moving away from Asia, Europe, Middle East and focusing

(26:51):
prioritizing protecting the homeland and protecting the Western Hemisphere, i e.
The America, South and North America. This is a huge
reverssal from the focus on the threat from China for
America generally and for Kolbe in particular. Kolbe was thought

(27:11):
of as the raising strategic star. UH. So, you know,
it explains why the US has treated its allies in

(27:35):
the South Pacific, in the in the East Asia the
way they have. It explains, you know, why Trump keeps
sounding an appeasing tone with China, why Trump has approved
chip sales to China, which the Bide administration had rejected,

(27:56):
and and potentially it explains why we are seeing American
warships in the South Korean and on the coast of Venezuela,
and why we now have f thirty five's stationed in
Puerto Rico facing South America. So you know, with the
excuse of protecting US from drugs, the new national defense

(28:20):
strategy is going to be focused on, I don't know,
cleaning up Latin America, but really protecting the online, protecting
online from room. Who's going to invade us exactly? Well,
all there is is drugs. So this strategy, if it
gets approved and if it goes through, would reverse the

(28:42):
focus of the first Trumpet administration twenty eighteen National Defense Strategy,
which clearly plays deterring China at the forefront of the
Pentagon's efforts. And it seems that the American is gonna

(29:04):
settle for being one of three major powers in the world,
major nuclear powers in the world with their own domain. Basically,
the US will leave Russia to the Europeans, leave China
to the Asians, and it will take on the Americans.

(29:25):
That is a big shift. That is a big shift.
And again, Kobe is a real China hawk, so it's
interesting that even he has shifted it. Maybe maybe the
conclusion is we don't have the full report yet. Maybe

(29:48):
the conclusion is it's too expensive to challenge challenge China.
It's too late to challenge China, it's too distracting from
everything else we have to challenge China. So I mean,

(30:12):
this is clearly will constitute a pivot away from Europe.
There's already there's already more than rumors. There's already solid stories,
solid stories about hundreds of millions of dollars a year
that have granted a lot of Lithuania and Estonia to
build up the defense as of military structure. That funding

(30:35):
is gone, that the Trumpe administration is going to pull
that funding. Uh and uh, you know the US is
going to move away from confunding Russia and now it
seems like it's going to move away from confronting China. Yep.

(30:55):
And uh, yeah, we'll go after Venezuela. So who knows
it's Trump. So a strategy is meaningless until Trump decides
what he wants to do, and Trump decides what he
wants to do on a whim. So you know, it's
impossible to really tell what if there is a strategy

(31:18):
and what will be executed from that strategy. But you know,
what you can expect is to continue to retreat of
the United States from the world stage. And surprisingly, I
think for those watching, particularly again given Kolby and giving
jd Vance is very hawkish in China, and hegseeth a

(31:40):
retreat from confronting China. All right, Yeah, if you want
to ask me a question, if you want to make
a comment, if you want to catch me at a contradiction,
then super chat is the way to go. You can
use two dollars, three dollars doesn't cost much, and you

(32:01):
can ask me pretty much anything or challenge me on
anything or anything like that. So that is the way
to do it. The chat itself is not something I'm
going to engage in.

Speaker 3 (32:17):
All right, let's seem.

Speaker 1 (32:31):
Supreme Court. So Supreme curd is so far taking the
position that it will allow the Trumpet administration to pretty
much do what it wants to do while all the
lawsuits against it go through the courts, so they can
deport people. They're not saying that's a final word, but

(32:53):
they're saying while it's going through the courts, which could
take months, years potentially, ministation can continue to do it.
And they basically overturned over and over and over again,
the lower courts halting or restrictions on the Trump administration
continues their action while the court case is going through,

(33:16):
and this happened again over the last few days. You know,
Trump removed a member of the FTC, the Federal Trade Commission,
that has been challenged in court whether the Trump has
the authority to just remove somebody like that. This, of course,
will resonate with the question of whether Trump has the

(33:37):
authority to remove somebody from the from the FED, from
the Federal Reserve Board. That is the big one that
people are wondering about, and that's the one that Trump
really wants to control. So that has been that is
in the courts being litigated the court. The courts in
the meantime said no, no, no, the Federal Trade Commissioner

(34:01):
should stay on the Commission while this is going through
the courts. This room court just overruled that and basically
is letting Trump remove the member the Federal Trade Commission
for now while the process happens in court. So it's
letting it, it's being consistent, it's letting Trump pretty much
do whatever he wants until the cases come to the

(34:21):
Supreme Court and they will find out whether they agree
with Trump or they don't agree with Trump. But we
just don't know at this point. All they're doing is
letting it ride. And the second case was this idea
of ICE roaming around particularly Latino neighborhoods, stopping people who

(34:42):
look Latino brown skin and asking them for IDs randomly
and having a you know, a militarized presence in a
variety of different neighborhoods and doing these these enforced stops
in the LA area. Anyway, a court had basically had,

(35:08):
you know, once a second, a distinct court had a
temporary restraining order that prevented federal immigration authorities from stopping
people in southern California without reasonable suspicion that they were
in the US unlawfully, which is Ice was just using

(35:31):
skin color as a proxy. That order barret officials from
relying solely in certain factors like a person's race or
occupation as the basis for a stop, for detentive stop,
they're calling it. The Use Court of Appeals on the
Nice Ninth Circuit rejected the Trumpet administration's request for a

(35:52):
pause on the district's order, and then the Justice Bundle
went and sought emergency relief from the Supreme Court, and
basically the Supreme Court gave the Trump administration that relief
so it's letting the Trumpe administration resume the sweeping immigration

(36:12):
stops in Los Angeles again until this comes in front
of the Pellate Court and then ultimately the Supreme Court.
So we don't know what the sprem Court thinks about
the legal ability of ICE to detain people and to

(36:32):
ask for IDs and search them with no cause. We
don't know if they view that as a violation of
the Fourth Amendment or not the Bill of Rights, but
we won't find out until it actually goes to the
Supreme Court. All we know now is they can continue
to do it. The Court will not stop them from
doing it, which suggests it's not a slam dunk in

(36:55):
favor of the litigants against the Trumpet administration. I'm not
sure means Trump will win the case and the ultimately,
but it certainly doesn't look good. Trump is now asking
the Supreme Court to let him freeze billions in foreign
aid funding which Congress has not approved, and you know,

(37:17):
he keeps he keeps going to the court to ask
for relief from what lower courts are restricting him from
doing so. The lower courts.

Speaker 4 (37:29):
Overall, you know, ruling against Trump. The Supreme Court has
yet to rule, but is overturning the freezers and the
injunctions of the lower courts.

Speaker 1 (37:46):
That's where we are. We're left to wait and see
what actually happens, what actually happens, all right, all right,
quickly on a Gaza. So President Trump has proposed supposedly
a comprehensive deal to Ramas or a kind of a ceasefire,

(38:10):
really you know, a final you know deal or be crushed,
you know, a deal to Ramas. The deal will involve
feeing all the hostages, the release of many, many, many,

(38:33):
you know, murdering Palestinian prisoners who've been sentenced to life,
and at the end of the war, and ultimately the
complete retreat of Israel from Gaza Strip. And the thing includes,
i think, the imposition of the ability of the Palestinians

(38:55):
to rule the Gadza Strip, maybe end of the Palestinian authority,
something Israel had rejected from completely up until recently. Basically
reports are that in Israeli official or the Feign secretary
has basically green lighted this proposal. But really they've green
lighted because they expect Tramas to reject it. But we

(39:16):
will see. According to the offer, all forty eight living
and dead will be freed, not on day one. Supposely
all the living will be free day one, and the
bodies will be released as Haramas finds them. It supposedly
has to locate the bodies. Hundreds of Palestinian murderers and
thousands of others will be released and will hold operations

(39:41):
in the God's Strip, and negotiations to end the world
will begin immediately under Trump's personal direction, and as long
as the negotiations are ongoing at least sixty days. You
hear conflicting stories because the actual offer has not been
as the being released, Uh, there will be no fighting uh,

(40:03):
and Ramas is being asked to trust Trump's would that
the war will end, that there will be a deal
because they're giving up all their cards by giving up
the hostages and by giving up by giving up the bodies.
You know, it's all right now, all the ports say,
there are you know, significant disagreements within Ramas about whether

(40:29):
to accept the deal or not. In the meantime, Israel
has basically said, uh that if they don't, is going
into Gaza City and and basically can occupy all of uh,
you know, all of uh, all of Gaza and you know,

(40:51):
israel Is is bombing Gaza on a daily basis and
is basically you know, basically getting get all getting the
troops ready for the big invasion, which would happen any
day now. In the meantime, it looks like this is
basically baking news that four soldiers for Israeli soldiers were whoops,

(41:13):
what did that do? For Israeli soldiers were killed in
a Hamasa attack on an Israeli camp near Gaza City.
And uh, now you know, so they you know, the
Haramasas is still fighting uh and and still has the ability,

(41:34):
I guess to launch a surprise attack on on an
Israeli IDF camp. Uh. Nitaneo is saying to the residents
of Gaza City to evacuate, uh, to get out of there,
and that the military is starting to starting to go

(41:55):
into the Gaza stript if us is leveling gauds and buildings.
By the way, as you see these high rises in
Gaza drop, Uh, these are all getting warnings in advance.
They're all empty buildings. They're all getting warnings in advance
and being evacuated, and they are dropping all the high rises.

(42:19):
The high risers serve both Hamas for intelligence purposes. They
can see far, they have telescopes, they have cameras. They
also put snipers there and anti tank weapons systems. So
Israel is destroying them, but of course they're letting them
know in advance. So no Hamas personnel are being harmed,

(42:40):
don't worry, and and their equipment is not being harmed.
But in spite of all that, genocide is still being
committed in Gaza obviously. So yeah, it's going to be
interesting in axt few days. What how Gaza, How the
how Hamas response to this, what the NIXT steps are?

(43:00):
And again, this is Trump's last warning. Trump is given
many last warnings. I don't think anybody really takes his
last warnings very seriously. And the idea is this is
a final warning and all of that. Nobody takes that seriously.
But I think what Ramasa does say seriously is the
fact that Israel is getting ready to go into Gaza City,

(43:22):
and I don't think they want that. Israel already controls
seventy five percent of Gaza. If it takes Gaza City,
it will control you know, eighty five ninety percent of Gaza,
and it won't be that hard for them to take
one hundred percent and then just hunt down whatever remnants
they are of Haramas, wherever they happen to be. So

(43:45):
I think, I think now it's just a matter of
wait and see, see if Ramas responds, and see the
extent to which Israel is actually serious about going into
Gaza and finishing this job. I mean, Israel keeps saying
this is it, We're gonna wipe from us out. You know,
this is your last warning, your last chance. But as

(44:05):
as been saying that since October eighth, twenty twenty three,
it's almost two years ago. So I won't believe it
until I see it. I won't believe it until Israel
actually does it. And this deal that Trump is trying
to cut, I don't think is a good deal. I

(44:25):
don't think it's the right deal. But give it a chance,
not that I have any choice. And at this point
we'll we'll just sit see let's see, all right, So

(44:48):
that is Gudz. In the meantime, in Jerusalem, you know,
in a traffic jam, a Palestinian Palestinian, a couple of
Palestinians got out and with semi automatic weapons, fired into
a packed a packed bus. The two the two terrorists

(45:15):
were taken down by two armed Israelis. That the bus
was filled with hood, these ultra orthodoxy Jews with their
black garb and everything, but two of them warmbed and
they took down the two terrorists. But a number of people,
a number of people were killed, many people were injured.

(45:37):
They were just spaying around into a bus, into a
civilian bus. I mean this is this is the problem
with thinking that some kind of compromise, some kind of peace,
can be achieved between Israel and the Palestinians, and that
Hamas is the problem. Hamas is a manifestation of a
wider problem, and the problem is the Palestinians. The problem

(45:59):
is the Palestinian people. It's Palestinian people's values, what they want,
what they desire. It's the fact that they're willing to
commit suicide in order to kill Jews. It is the
fact that they will not recognize the existence of the
State of Israel. The fact is that they are not
interested in the true state solution. They want to eradicate

(46:19):
and wipe out the State of Issuel and that any
compromise with them strengthens them. Any political settlement with them
only makes them stronger, only makes them more aggressive. Handing
the Gaza stript to the Palestinian authority will only embolden
the Palestinians. It'll take them time because they're going to

(46:39):
have to rebuild, but it's going to only embold in
the Palestinians in the future. Now Trump has this plan,
He's counting on his son in law, Jared Kushna, to
put this plan together, which is the plan for the
day after in Gaza, which is this massive investment plan
to build skyscrapers and to build a or Las Vegas

(47:02):
in Gaza. I still think this is a fantasy. Uh,
this is they're all playing at real estate barons of
the Middle East, and you know the I don't think
I don't think it's doable. And I don't think this
particular proposal that actually gives the more power to Palestinian authority,

(47:24):
which is the authority in the West Bank, is going
to is going to help or is going to set
us on a path towards building up Gaza as some
kind of amazing business and entertainment and vacation spot. Remember
the people, the Palestinians now have become more and more Islamist.

(47:46):
This isn't this isn't you know, secular Gaza. This is
Islamist Gaza. Now it's true, Dubai in spite of the Islamism,
Dubai isn't run by Jihadis. And it's not clear that the
Palestinian authority is need better than Hamas in this regard.
So yeah, I think it's all a fantasy, and I
think the only thing will end us is there's well

(48:07):
going in and flattening gods that should have flattened it.
Doct to eighth with flattened Gaza city, destroy Ramas, kill them,
you know, wherever they are, one at a time, in batches,
however they want to do it. Destroy the infrastructure, destroy them,
blow up every single tunnel, destroy every single piece of weapon.

(48:28):
And then only after God says completely, thoroughly, unmistakably destroy,
only then can you negotiate. By the way, me saying
stuff like that is really hooting because I was supposed
to be invited to a big event in Bologna and

(48:48):
give a talk in Bologna at a big confidence and
about capitalism and something like that, and the board, the
leaders of the event cited not to invite me Bologna
here in Italy, not to invite me because of my
position in Israel. So my position in Israel is costing

(49:09):
me events around the world. I've already been was disinvited
to an event in no Way a few months ago,
and now in Italy, and I'm sure this will be
a trend all over the place. The Libertarians hate me
because they're anti Israel, pro Palestinian pro Hamas, just see
Dave Smith. And of course the left hates me, and

(49:32):
I suspect the right hates me too. Anyway, I'm not
liked by anybody. It's kind of I'm not liked. Maybe
you guys like me. Let's see, let's see this how
the super chat is doing. I'll know whether you like
me or not. All right, we're doing what we're doing.
Okay for the first hour. We're doing coy. We we
got some money to raise for the second hour and
the third hour, but we're doing okay for the first hour.

(49:54):
All right. Finally, another French government has fallen. I mean,
fans today is becoming the Italy of the past. There
was a pureit in Italy where governments just fell every
few weeks, a new government was formed and there were
elections of a year and it was just complete chaos.
For a couple of decades. I think here in Italy,

(50:16):
I mean Italy right now, and it was a it
was a complete disaster. Frans is becoming this way. This
is the second goverment to fall just this year or
in the last twelve months. Mcconnor is saying that he
will appoint a new French Prime minister in the next

(50:37):
few days, but there's absolutely no reason to believe this
prime minister will last, or will be approved by parliaments,
or will survive. One of the big problems is that
the government was proposing a budget a budget, and the

(51:01):
they can't agree on a budget because mcconni's trying to
do the semi mildly responsible thing, which is to try
to cut the deficit. There's massive amounts of debt that
France has. Fans is becoming the sick man of Europe.
It's becoming the problem child of Europe. It's becoming the

(51:23):
place that has the biggest danger of financial crisis. And
he has proposed an a sterity budget which for season
almost forty four billion euros of cost savings to reduce

(51:44):
for Fans as debt. Now, this is really good, but
the proposal to cost save is not popular in the right,
Mila Penz right is wants to spend more money, and

(52:06):
it's not popular on the left. The socialist and the
communists want to spend more money. You see, the right
and on the left not that different after all, even
when it comes or maybe primarion, when it comes to economics,
pretty much everybody except mccallen's Party of the Center wants
to spend more money. Everybody wants to be irresponsible, everybody
wants to run France into a financial crisis. Well they're

(52:28):
gonna get their chance, because I think the right is
going to win very soon. Anyway. As a consequence of
this proposed budget, three hundred and sixty four deputies in
the National Assembly voted they had no confidence in the government,
while one hundred and ninety four gave it their confidence,

(52:48):
and as a consequence, the prime minister resigned. Now a
new prime minister will do what exactly different, starts to
cut spending. So it's not clear where France goes from here.
Another election, another election produces what is that the election

(53:09):
where the fall right breaks out? Is that the election
where the fall left breaks out? Who is going to
actually in the end of the day, govern France, and
if it's the far left or the fault right, then
France is finished economically. It's in dire strait right now,
and it's going to be in much worshape if one

(53:32):
of those political parties wins, because both political parties are
committed to spending like there's no tomorrow. They might disagree
about immigration, they might disagree about trans they might disagree
about maybe I don't know about other you know, cultural things,
but they all agree. We need to increase tensions, we

(53:53):
need to redistribute more wealth, we need to increase the
welfare state. We need to regulate business, we need to
control business. The left and the right completely I give
me away in the world these days completely agree on
those issues. And that is a recipe for economic disaster.
And with France on the big of a real potential
financial crisis or economic crisis, I don't know where the

(54:16):
rest of Europe goes. I mean, Germany is puttering alarm.
Northern Europe is doing okay, Italy seems to be doing okay.
Spain and Spain and Portugal, Italy, Greece all doing okay,
but primarily because of tourism, which they hate. Tourism is
driving the economies of Greece, Italy, Spain, Portugal. But what

(54:40):
happens when, if and when tourism dries up or their
hostility towards tourism causes tourists to stop coming, stop visiting.
What happens then you know the world's in trouble. Because
the US is in trouble. We've talked about that over
and over and over and over again. Europe is in trouble.

(55:04):
A's is in trouble because it's basically got shrinking populations,
and countries like Japan don't seem to be going anywhere.
South Korea growth is very low, China growth is low,
I mean where in the world. And you know, we're
all very hopeful. I am very hopeful about Argentina, but

(55:27):
hard to tell where that is heading now with these
elections again, we'll see in October where that is going.
But the economs of the world are struggling. People still
have money because lots of tourists, but all these economies
that benefit and almost e from tourists hate the tourists.

(55:49):
Can't win. Can't win. All right, thank you all the
super chatters. This is great. We made our goal for
the first hour we're kind of healthily on our way
towards making the goal for the second hour, so thank
you for that. We still still need about one hundred

(56:10):
and thirty five dollars to get to the second hour goal,
but we've got an hour to get that, which is great.
Wes just came in with a fifty dollars sticker that
helped a lot. Thank you, Thank you, Wes, John Bales,
thank you for the sticker. Roland, thank you. Let's see
who else? Can? I thank you? Tom? All right? I

(56:33):
think those are those are a stick of people, So
thank you for the stickers. YouTube can become a sticker
person and I'll thank you too if you keep If
you come in and support the show value for value,
this is how we fund the one book show. Contributions
from you, super chat stickers, things like that, that's what
makes the show go. So please consider coming and supporting.

(57:00):
Let's see and yeah, you know we've got some sponsors.
The imin Instudent's a sponsor of the show, and in
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(57:22):
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(58:02):
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(58:25):
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(58:51):
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(59:17):
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(59:40):
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(01:00:25):
and about stuff like that. So check out the interview.
I think I think many of you will find value
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benefit it from it. Right now, let's see finally, Alex Epstein.
Alex Epstein is is the world expert on all things energy,

(01:00:51):
all things power. Power is powering industrial society, powering the
world around us. Alex is in a expert fossil fuels
and particularly on energy policy in the Trump administration. Who
knows a lot. So if you're interested in any of
those areas, if you're sted in better arguments around any

(01:01:11):
of those areas, if you're interested in what the future
holds in any of those areas, start following Alex alex
Epstein dot substack dot com, Alex Epstein dot substack dot com. Finally,
I'll remind you support the show monthly on a monthly basis,
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Put your own book show in and support the show

(01:01:31):
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(01:01:54):
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(01:02:18):
this is I don't know, if I don't know if
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Hopefully it is? All right, come on over to YouTube
and where you can support the show directly. All right,
let's get to let's talk about the super chats. We've
got a bunch of super chats. Let's go over them,
and of course hopefully more will come in as we talk.

(01:02:42):
Let's see Remo, Remo, thank you Remo sixty euros. Really
really really appreciate the support. Remo says, what are your
thoughts on stock options backdating in general and on the
case involving Steve Jobs. God, I mean, you're bringing back
memories from a long, long time ago. I mean I
haven't thought about stock options backdating really since the mid

(01:03:03):
two thousands, right, so this twenty years. It's twenty years
since these were big issues. It was the late nineteen nineties,
early two thousands, the stock backdating. I mean, look, my
main issue with stock backdating is that it be disclosed
as long as shareholders know what managesn't being paid. I

(01:03:25):
don't really see a problem. I don't think it's I
don't think it's good practice. I think I don't think
Bull should allow it. I don't think shareholders could be
happy about it. So stock bock backdating is all stocks
have a date. Right, Let's say they're issued and they
have a certain strike price, and let's say in the meantime,

(01:03:47):
maybe the stock goes down and then it goes up. Sorry,
maybe the stock you know, is flat, it goes up
a little bit. But then if you could backdate the
issuance of the option, then the strike place would be
a lot lower and the CEO would make a lot

(01:04:09):
more money, or if it gets the backdated option, would
make a lot of money. So it's like a after
the fact adjusting the compensation. After the fact, adjusting the compensation.
So you know, I don't think it's something boards should do.
I don't think it's something shareholders should be happy about.

(01:04:30):
I don't think it should be illegal. I think it
should be up to boards and shareholders. I don't think
the government has any business in it. It's it's how
as long again, as long as it's disclosed. If it's
not disclosed, if it's done in secret, then yeah, it
could be fraud and the tax issues around it because
of the way options happen to be taxed. And again

(01:04:52):
I won't go into the technical details, and that's what
the government really got upset about about and find some
people and so on. If I memory jobs didn't really
do anything bad and it was disclosed, it wasn't hidden,
So I apologize. Remando. He puts sixty years in this

(01:05:13):
and it's still only a vague memory for me because
it was so long ago. But my general view is
it's an issue of disclosure. It's an issue of competition.
It's an issie of how board chooses to compensate their managers,
and if they want to compensate them through backdating, so
be it. I don't think shovel they should be happy

(01:05:33):
about that, and they should vote against it, against the board,
or against it, or sell they stock if they don't
like it. That's how it should be expressed. It shouldn't
be I don't think the government has any business in it.
There's no issue faut here again, as long as there's disclosure,

(01:05:55):
right James. Objectivism is such a relief. Ironmand was the
first thinker gave me permission to look at reality when
all my peers and professor shut that orientation towards thinking
down immediately. Yeah, absolutely. I mean not only gives you

(01:06:18):
permission to look at reality, she gives you permission to
value your reason. She gives you permission to value yourself
and to live for yourself, and to embrace you, to
embrace your own values and celebrate their pursuits and their achievement.

(01:06:39):
I mean, she gives you permission to value life and
to celebrate life. And that is the great value here.
That is I think Rand is the first philosopher to
really say, your life is the most important value to you.

(01:07:02):
Live it, make the most of it, really live it,
don't sacrifice yourself, don't give up on life, don't give
up on values. Whatever the context is, make the most
of it, all right. Let's see, uh Ian Randall's not

(01:07:47):
married to Nathaniel Brandon, So I just I'll just put
that out there. I saw it in the chat and
I'll put it out there. So yes, James, absolutely, let's
see Andrew. This is actually from Friday, a leftover a
question from Andrew. As a social observer, my estimate would

(01:08:08):
be that the percentage of the population that is happy
actually happy is less than ten percent. Does a small
minority seem right to you? And why aren't more objectives happy? Well,
I don't know how many objectives are happy. I think
objectives generally are happy. The objectives I know, many of
the objectives I know are happy, and certainly it's above

(01:08:29):
the general rate in the population. I think one of
the reasons objectives are not happy, or some objectives do
not have is because of the challenges of living an
objective's life in an irrational culture present to you and
seeing the irrationality injustice that occurs in the world around
us and not being able to not knowing how to

(01:08:53):
handle it. I think a lot of people find it
difficult to handle it. But I think about ten percent
of the general population is right. But I think it's
much higher for objectives, and that's a big part of
the value of the philosophy. But yeah, it's a small percentage, Barbara,
I read that the UCLA mathematician Terrence Tau is looking

(01:09:13):
for funding for his department after Trump pulled federal funding.
Is there any point in funding US universities when the
federal government may take control. Well, I don't know that
the federal government is going to take control over mathematics,
over running the universities, particularly in the stam areas, So

(01:09:35):
I wouldn't worry too much about it, about that aspect
of it. I mean, you have to think about whether
it's worth funding an American university given what they're teaching
at these universities. And I don't know much about Terrence
Tau and his research in mathematics and how good he is.
I just don't know, but I would say, yeah, if
he's good, if he's moving the field forward, if he's

(01:09:58):
advancing knowledge in mathematics, then I wouldn't walry too much
about who's taking over. Oh, what's exactly happening at UCLA?
I mean, UCLA has already been taken over by the
Left in dramatic form and is a state. Universities in
many respects already beholden to the state government. I don't

(01:10:19):
know the extent to which the federal government is equipped
now to go manage a bunch of universities. We will see,
but it's something worth considering. Supporting a good mathematician out there,
you know, and showing that can be done without pride,
without government money. I thought Tao was actually thinking of

(01:10:40):
going to China and getting big offers from China to
come and move his research over there, which makes a
lot of sense. Andy Great Depression question Triumph of Economic
Freedom blames the FED for failing to act as a
land of last result in twenty nine. Didn't the JP

(01:11:00):
Morgan type step in in twenty nine as in nineteen
oh seven. Was this related to the creation of the FED? Yeah,
I mean the whole point of the creation of the FED,
and the whole excuse and reason was the unhappiness with
the fact that JP Morgan did what he did in
nineteen oh seven, and the fact that the private sector

(01:11:21):
had that kind of power that they had in nineteen
oh seven. So JP Morgan was seriously discoveraged from doing
anything in twenty nine. The motivation was gone, and you
know his wings were about to be clipped completely in
the thirty three and thirty four. In the thirty four
Securities Act, where you get a separational maybe thirty three

(01:11:45):
separation of commercial and investment banking, the attitude towards bankers
is very negative. And I don't know what the position
was of JP Morgan in twenty nine and whether they
were in a position at that point the actors lended
last reisode, I don't know that. I don't know that
I would blame the FED for failing tactors lend of

(01:12:07):
last resort in twenty nine. I would blame the FED
for having a monetary policy in thirty and thirty one
and certainly the end of twenty nine there was way
too constraint, was way too constrictive and basically shrunk the
money supply significantly at a time when the money supply

(01:12:29):
needed to be expanding, and made money disappear artificially form
the US economy and that resulted in banks not issuing
credit and therefore not making loans and calling back loans
that they wouldn't have needed to. That forced companies to
go bankrupt. I mean, it has caused a whole cascading effect.

(01:12:51):
And the fundamental was that the FED. You don't basically
constrain the money supply in a significant way during the
latter part of twenty nine thirty thirty one. Instead, it'd
be too loose with money in the twenties leading up
to twenty nine, and being way too constrained with money

(01:13:16):
after the after the financial crash. And maybe that is
what he means by land of last result. But no,
this was the job of the FED. The FED had
basically crowded out private initiative. Private initiative was gone. Couldn't
have couldn't have done anything, Michael says. I'm speaking of

(01:13:39):
many Floridians, and they seem pretty gung ho about the
vote coming up to abolished property taxes. It chiefs. Property
values in Florida have skyrocketed, as people from the northeast
by properties there well I mean, but well recently, property
values in Florida, as I understand it, a flat and
now actually decreased. Indeed, condo prices in southern Florida have

(01:14:00):
come down significantly. That is, condo prices are actually on
the decline in at least in southern Florida. But yeah,
I'm sure everybody's excited about getting rid of property taxes.
It's fantastic that would be any place where you offered
people the opportunity to get rid of property taxes and
you had a solution to making up, you know, to

(01:14:25):
not driving the state into fiscal deficit into accumulation of
debt should be celebrated. And this is great that Flawda
is going to get rid of the property tax. I
hope it doesn't lead to big deficits and debt. We'll see.
But getting rid of eight tax whole completely, from beginning

(01:14:47):
to end, completely uprooting it is a great step towards freedom.
And therefore you have to support getting rid of property
taxes and FLADA maybe more people will start moving there,
driving up prices even further. What do you think of
the this is not aham. What do you think of the arrests?

(01:15:08):
I think of all the arrests in the UK for
bad tweets? Are there any tweets that the authority should
arrest people for. I mean, what's going on in the
UK is just horrific. It's not only in the UK,
it's just going on in Germany in other parts of Europe.
I'm arresting people or harassing people, or indicting people over speech,

(01:15:30):
over insulting speech. But speech. The only kind of tweet,
the only kind of speech that you should be arrested for,
is speech or tweet which is the same thing which
is explicitly threatening I want to kill you, or I'm

(01:15:52):
going to kill you, or I'm coming after you, or
I'm going to beat the shit out of you. That
is not allowed. That kind of speech you should arrest
people for. But anything short of an explicit threat. I
think Islam is a horrible religion. I think muslim should

(01:16:15):
be deported from England. That is not an explicit threat.
That is not you threatening somebody with violence. It's maybe
encouraging the government inflict violence, but that is not you exciting.
I mean, another thing that you could be arrested for
is hey, gang, let's go, you know, go kill him. Hey,

(01:16:38):
all you white folks kill a Muslim today. That would
be inciting to violence, that you could be arrested for,
but saying Islam is an evil religion, the government should
deport them. That is not an excitement for violence, and
there for that is permissible. So the only thing that
is the only speech that you can arrest people for

(01:17:05):
is either a direct threat or incitement. And ninety nine
point nine percent of the tweets that people are being
harassed by the government for a neither neither of those things.
So it is a massive injustice. You know, the UK,

(01:17:27):
which is a you know to the Enlightenment, the land
of the Enlightenment, the place where free speech was supported
and endorsed from John Locke all the way, all the
way to the Scottish Enlightenment in to mill in the
twenty in the nineteenth century. This is the land in

(01:17:48):
which they are going after free speech. The way they
are is just horrific. It's a tragedy, it's a travesty.
This government should be kicked out the problem as the
conservative started it. And in Germany it's the right and
the left that there promoting this. The common Government, which
is the right of center government, is going after anybody

(01:18:08):
criticizing politicians, which is absolutely ridiculous, absolutely ridiculous. All right,
thanks notting him. Okay, Dan says, you want you and
I believe. I believe you recommended a Mike Ryan on

(01:18:29):
Twitter the other day. What's his handle? I couldn't find
which Mike Ryan you were film from. Let me see
if I can find him, and I'll let you know. Hmmm,
a lot of Mike Ryan's. I see your point. Uh,
I think it's this one. Let me just see. Nope,

(01:18:50):
not that one, right, it's not that's there. I don't
believe it's this y. Yeah, that's weird. I thought I
followed him, and I thought they would they would put
the one that I follow right on top. But that's

(01:19:12):
not the way it's working. All right. I will find
him and let it let you guys know, because I
can't see it right now, but but I he pops
up on my feet all the time. Uh and uh

(01:19:34):
so we will we will find it. I will find it.
Let's see. Huh. Uh No, that's not a lot of

(01:19:56):
my crimes. Leave this Mike and Michael. Yeah, and you
can you know you can't really find it, but just
uh you can't search the description weird. All right, I'll

(01:20:23):
find if I'll get I'll get back to you. Sorry
about that, Catherine, What do you think of the consequences
of the US cutting funds to support the military in
the Baltics, Ah, it's a Russian attack more likely. Do
you think it is a plan that the EU is
investing more in its military? What is cut next? Well,

(01:20:47):
I think you can expect the US to start cutting
its troops in Europe. I think you can expect cut
cut bases in Europe, more troops back home. I think
that they will cut again the number of planes, number
of tanks that the United States has in Europe. And
the question will be will the Europeans fill the gap?

(01:21:09):
That is, will the Europeans deploy enough resources to fill
in and to make up the difference in the United
States entering the European theater? And I don't know. I mean,
they say they will, But if the French economy is
going into the tank, Germany is going to try to
raise a lot of debt in order to fund military expansion.

(01:21:30):
But will the market let it. People convinced that Germany
can pay the debt back upans have enough money to
replace the United States's presence in Europe and to build
up I mean, the UK is an economic basket case.
And it wants to invest a huge amount of money
in its military. Can it? Can it? So it's it

(01:22:02):
really is a It's hard to tell, but look, weakness
breeds violence, and the United States withdrawing cutting funds to
the Baltics is basically a signal to Russia that it
has more of a free hand there, and it's a

(01:22:22):
signal to Russia to go for it. So I think
Russia will take it as a positive sign, as a
sign of weakness, as a sign in America will not
come to the Baltic support and therefore much more likely
to see a war with NATO, much more likely to
see I mean, I mean, if you've ever seen a map,

(01:22:43):
the Baltics are tiny. Russia should be able to take
Lithuania in a day now, I mean, I'm sure Lithuania
has a lot of defenses, so maybe longer than dave,
a lot of casualties, a lot of destruction, and Russia
could probably just by Shia momentum, just overrun all three

(01:23:05):
Baltic states. And then what is Polande invade Russia? Is
Poland going to come to the defense. Is NATO? Poland's
not willing to put troops in Ukraine? Would Poland be
willing to put troops in the Baltics if the Americans
are not. It just puts it all up in the air.
And yes, I think it dramatically increases the chances that

(01:23:27):
Russia will launch an attack on the Baltics and maybe
on the rest of Europe. All right, guys, what are
we we? Uh, seventeen nine dollars short of our second
hour goal. We got about one hundred a hundred. We've
got about one hundred. We got half an hour to
raise that money, so we can do it. We just
got twenty dollars so that chipped in, so we're only

(01:23:50):
fifty nine dollars away from the goals the police consider
supporting us. I'm not giving any kind of a number
of supertatso or sticker goals because I don't think that
I don't think it's working. So I need to I
need to complain to YouTube and get get straight on that.
But okay, I'm gonna do this. I'm gonna put uh,

(01:24:17):
You're gonna put nubblish on time out. I mean enough, right,
I mean the same question every time, all the time.
It's boring and it's silly, and you're not gonna get
different answers. So if you're interested in coming to the
chat to actually engage with people on anything of substance,

(01:24:42):
then fine, as long as you don't overwhelm the chat.
But if you're just gonna come here and ask the
same stupid question over and over and over again and
not participate in the super chat or the stickers at all,
then what's the point. You're just you're just basically trolling
and her and there's no value to it, all right, Paul.

(01:25:07):
Paul says, you mentioned Japan, not your area, just clears
what you think housing market there a piece to be cheap. Cheap, Yes,
quite cheap. I was thinking about buying a property there
and creating an Airbnb and Kyoto. What do you think
of Japan for expats? I think Japan is a great
place for expats. You know, it's surprising that it's cheap,

(01:25:28):
partially because the dollar is still very strong relative to
the end, but also because Japan doesn't have the zoning
that we have in the US, so Japan matches supply
to demand and so it's much easier to build in Japan.
It's much easier to build different types of property. You
don't have the same kind of downtown and suburbs as

(01:25:50):
you're doing in the US, where the zoning is such
that you can only build high rises in one place.
You know, Houston is an aberration because Houston doesn't have zoning.
Houston has a series of kind of downtown of high
rise areas. And because it's not there's no zoning or
very little restrictions. And Houston housing is very cheap. It's

(01:26:13):
very affordable because you can build, there's no limitations in building.
So as demand goes up, supply goes up. And Houston
is the fastest going city in America or something like that.
So yeah, So I think Japan is a friendly culture.
It's it's difficult because they don't speak a lot of English.

(01:26:36):
So that's the one difficulty expats have. So I encourage you,
if you're going to be an expat, to study Japanese.
I don't know the economics of airbnb, so I'm curious
about the economics of airbnb. If anybody knows the economics
of ITBB send me a note. But I'm interested in that.
So I can't recommend or not recommend getting into ab
and B and Kyoto. Kyoto is a great city. It's

(01:26:58):
a beautiful city and very touristy cities. You'd expect there
to be demand for something like that. In Kyoto the
best I can do. But yeah, real estate in Japan,
don't expect it to go up in value. Japan has
a much more rational real estate market than the United

(01:27:20):
States in the sense that you can build. How about
that You can build in lots of places around the world,
except in the Land of the Free and the Home
of the brave, where you can't build. Yep, not in
my backyard. Maybe somebody else's not in mine. All right, Remo,

(01:27:42):
I just returned for my holiday in Greece. The food
was incredible. What's your favorite Greek food? Oh, I don't know, Musaka,
I'm not sure I like Greek food. I don't know.
I can't say what my favorite Greek food would be.
I'd have to have a list at a restaurant. And
also depends on the restaurant, because some restaurants make some

(01:28:02):
stuff really good. But yeah, Greece, it's hard to go wrong.
The food is good, Remo. Can you already tell us
where and when you'll be speaking Europe during October two? Yeah?
I mean this is tentative, but I'll be in Israel
probably October twenty eight, twenty nine. I'll be giving a
talk in the Tel Aviv area, Hurtulia area to be

(01:28:24):
more accurate, in Israel twenty eight twenty ninth of October.
On the thirtieth of October, I'll be speaking Crackou. I
mean this is all tentative, but in crackout Poland. So
if you're in crack up Poland the thirtieth of October.
First of November I will be again, probably in Prague

(01:28:50):
at the Free Cities conference. Should be interesting. On the
second of November, I will be in Oslo at some
student event. I don't no, I don't have the details
about it. Hopefully we'll get them in the next few days.
But I'll be speaking in the second of November in Oslo, Norway.

(01:29:10):
Fourth of November, which is a Monday, that's a Saturday,
so Saturday in Oslo. Nothing Sunday. Monday, I'll be in Vienna.
I'll be speaking at the Higher Institute in Vienna. Open
to the public. So Vienna, so if you live anywhere
near Vienna, come over. And then on the uh was

(01:29:34):
it fifth of November, I'll be in Porto Lisbon, which
is also yeah, I don't. I don't know if I'm
allowed to say anyway, in Porto, Lisbon, in Porto, Portugal,
port Portugal, and then on the fifth, on the sixth
and the seventh of no wait Listen. So on the
third I'll be yes. On the third, I'll be in Vienna.

(01:29:56):
On the fourth, I'll be in Porto. On the fifth
and sixth, I'll be in Lisbon giving talks. Got a
very active group of objectivists in Portugal right now doing
a lot of stuff and want to capitalize on that.
So we're trying to use it, and I'm going to
do some pretty high profile events in Portugal with some
pretty big intellectuals who appear on television regularly in Portugal, academics,

(01:30:23):
a very wealthy businessman who is very successful podcast. So
these are going to be really high profile events while
I'm in Portugal, so I'm really looking forward to those.
So those are the events for Europe right now. Nothing.
Unfortunately in the UK this trip. I thought I was
going to spend a few days in the UK. It

(01:30:44):
turns out I can't. I have to go to Israel instead,
And you know, yeah, we'll see, we'll see where where
I will go early next year. Probably come to the
UK in the new year, but this strip new UK.

(01:31:06):
And by the way, if you have a venue, if
you have an audience, if you have a location, if
you have a country, if you have a city, if
you have a group in a university, if you have
a business group. Something in Europe, where you can organize
something with at least fifty people or twenty people, but
really high level people, then let me know. I can come.

(01:31:26):
We can arrange funding, funding can be organized. Suggest what
I need is the people that contact the organization to
make it happen. So any place in Europe or in
the US. I don't know why I said. You're anywhere
in the US, anywhere in Europe, anywhere in Canada, anywhere

(01:31:47):
in South America if you want to, if you can
organize an event, if you can organize an event, or
if you know people who would be interested in organizing
an event, for me to come and speak, let me know.
There's a budget that and we can make stuff happen. Thanks,
you will all right? Not to have you algorithmm If

(01:32:09):
me late wins re election in a landslide, will it
be a signal to other world leaders to at at
very least be less afraid of moving in a substantial
free market direction. I mean, first day, it's the winning
of the landslide, which again this election suggests he won't,
But if he does, I don't think it. I mean,

(01:32:29):
I don't think there's any leader in the world right
now afraid to move in a substantial free market direction.
I don't think there's any leader in the world right
now that once to move there, to once to move there.
But they are so the very least. So the problem

(01:33:00):
is not that they're afraid to do it. The problem
is they don't believe in it. They don't want to
do it, they have no intention to do hop a Campbell,
if AOI did a documentary and objectivism, could they pay
a platform like Mike, Dave Rumen or someone with the
sizeable audience to release it on their channel. I don't know.

(01:33:21):
I mean, let's speculate on now. I'm not sure I
want it to be on Dave Ruben's channel given the
direction that channel is taken. So you know, we could
we could figure out, we could figure out where to
release it and how to do it, and how to
get the most bang for the buck. But that's a
separate question first, it has to be created, all right.

(01:33:43):
If you want to ask me a question, as I
know Nate does, Superchat is available for two dollars one dollar,
for buck ninety nine, or for five or ten or
fifty or one hundred. You can ask that question right in
the Superchat. Other people are doing it that way. So
if you if you really I want to ask a question,
it's not that you don't have the money, because you

(01:34:05):
know two bucks. Everybody has two bucks, right, Liam says,
were your Q and A with Harry and Peter Schwartz
at the oh at the Florida conference, which I should
have told you about. Right, Hey, there's a Florida conference
and it is. Let me get you the info. It's

(01:34:29):
happening in the last weekend of January, the weekend that
includes February second, which of course design Man's birthday, and
it is Ram's day. Objective's Conference, which was held for
the first time last year, and we'll be held again
first time this year early this year in January, and
we'll be held again next year in January thirtieth to

(01:34:51):
February second, twenty twenty six. It'll be in Fort Mayas, Florida,
and I'll be speaking in Have You Been Swinging? And
Peter Schwartz and Ellen Kenna's on a Melbourne gemroney Don Watkins.
I'll be there, uh and I'll be doing a panel
with Harry and Peter on life in a LA society.

(01:35:11):
But you should all come. It's gonna be a lot
of fun. It's gonna be it's mostly it's fun to
be there in person and too, and to hang out
and to chat and to hang out with other objectivists,
and it's it's it's great weather. It's a good time
to leave the cold of the east coast of the
of the East or west coast of mid you know,

(01:35:31):
the middle of the country, even Europe, and come on
over to Florida and enjoy the warmth in the great weather.
So you can visit the website rans day Con rans
day Con, dot the th H E b v H
one would dot com ranscon one would dot THEBVH dot com.

(01:35:54):
And on October fifteenth, the price goes up. It's only
three hundred and seventy seven dollars, which is a bargain, right,
it's unbelievable good price for what you're getting. And the
price goes up to four hundred and thirty seven on
October fifteenth. So sign up now. Sign up now on
the at the website I just told you about. Will

(01:36:16):
it be recorded and uploaded? I don't know. I'm not
in charge. I think the talks last year will recorded
and uploaded at some point, but I don't know. I
think the organizer of the conference will prefer me to
tell you, Liam, come to the conference. Don't rely on
the YouTube video. It might be, it might not be,
but come to the conference, Michael. In Germany, there wasn't

(01:36:42):
any pro enlightenment opposition to Hitler. But in America today
there doesn't appear to be any respectable or decent side
pro enlightenment opposition to Trump's barbarism. Well, I don't think
that's right. I mean, there is a the I think
that call it the center. I don't know what you
want to call it today in American politics. It's very
hard to define anything in American politics today, but there's

(01:37:03):
a center left, center right in America that's quite opposed
to Trump. It doesn't have, I think, master representation, but
the intellectuals are there. You saw with the numbers that
gave earlier today that Trump's immigration policies are not popular.
There's a lot of oppositions, mainstream opposition to them among
the American public, and I think there is opposition to him,

(01:37:24):
and of course there is, you know, a significant there's
a there's an objective's movement, there's an abundance movement, there's
a pro growth movement. There's all kinds of movements that
are opposed to Trump's policies, various from various in various regards.
And of course the left is very opposed as policies

(01:37:46):
regarding abortion and other things. So I don't think it's
quite as bleak as it was in Germany when everything
was dominated really by the Communists and the Nazis once
you entered the nineteen thirties, Leam, Does paying high taxes
and sustaining a office state really make rich people feel

(01:38:08):
good about themselves? No, but I think it reduces the
amount of guilt that they have, so it doesn't make
them feel good about themselves. To feel good about yourself,
you have to actually have a positive value. But it
makes them feel less guilty, or at least they try
to convince themselves that it should make them feel less
guilty because they convince themselves that they should feel guilty

(01:38:33):
for all the poverty in the world and all the
problems in the world, and they're not paying enough taxes.
So it's an alleviation of a negative, not the promotion
of a positive. Whoops, what did I just do? Michael,
doesn't look like mum donny will lose in New York City.
Trump gives Adams a job in his administration, he drops

(01:38:55):
out the race. It's Como vosus mcdanni. Where Como's way
ahead in the polls. I haven't seen the polls. I
don't know if that is the case. Adams has now
said he will not take a position in the Trump
administration and is in the race and is not gonna leave,
so that's not clear that it's going to happen. But

(01:39:15):
I think if it was just one on one between
Mumdani and Komo Mamdani and Adams, Mumdanni would lose. But
I'm not sure it's going to be a one on one,
so I don't know. I have no insight into the
New York race. I don't think mc donni can generate
fifty plus percent of the vote in a race with

(01:39:36):
just one other prominent person, But in a three way race.
I think he wins unfortunately, and I think both Como
and Adams are too narcissistic two power lusting to actually
leave the race and allow the other to take on.
Mumdani not you have a jogorrhithm Do you think a

(01:40:07):
Kamala Harris administration would have allowed Nvidia a AI to
floush in an unregulated way like Trump is doing, not
like Trump is doing. But I think they would have
been very cautious in the amount of regulations they would
have imposed. You know, the Democratic Party gets a lot
of its money from Silicon Valley. Silicon Valley has not

(01:40:27):
been overly regulated, even by Democratic presidents. So while I
think there would have been more inclined to regulate, would
mean worse for the industry the Trump I don't know
by how much. Look, Kamala Howis administration would have been really, really,
really bad from a regulatory perspective, just like Biden administration was.

(01:40:50):
I mean I was an invested in bank and invested
in banks, and Biden was a disaster from my investment,
I did really badly because of Biden. Jump is good
for certain industries, yeah, is he good for the country though?
Is he good for you? I yes, probably, we'll see. Probably.
Is he good for the country. No. Even as important

(01:41:13):
as big of a deal as AI is, other things
are bigger, like the very nature, the very nature of
what this country is about is bigger. And who says
if algorism is accepted because of fear of independence, as
I'm theorized, as rand theorized, how does objectives resolve this fear? Well,

(01:41:37):
it's very hard unless you basically get kids into Montessori
schools and get kids into a better quality education at
a young age, so to the extent that what you
really need is a significant improvement in an educational system,

(01:42:03):
an educational system to give kids the confidence to trust
their own minds. Without that, it's hopeless. You're not going
to give You're not You're not going to overcome the
fear with with adults that have ready internalized it. And
and you know, some will get it and some will
overcome the fear. But again, to too many have been

(01:42:25):
influenced by by the educational their education, and the only
way to truly reverse this, to reverse in a sustainable
way is through education. Until you can do that, you're
limited in terms of the number of people who embrace

(01:42:46):
independence and therefore reject altruism to those people who are
strong enough to overcome, to overcome the fear. And we
know there are some of those, because there here some
of them in the chat. All right, Raymond. I was
listening to go Toe's Rhapsody in Blue, and the minute

(01:43:07):
the sewing swell comes in, I said, it's so American,
and only an American could write this. It's definitely American,
there's no question about that. But you know, there are
lots of that kind of sense of life. You certainly
have that in Rochman enough second piano consurt or third
piano concertor you get some of that in Tchaikovski, you

(01:43:27):
get some of it, even in Vojiak So you get
that that American sense of life, even with somebody who
is not an American. Composers who just you know, have
that have that sense of life. All right, I just

(01:43:49):
did five membership gifts. I just gifted five memberships. Hopefully
you guys got one. Uh So, yeah, Gushian's Rapsody in
Blue is beautiful, Raymond, Why do you think this is?

(01:44:12):
Nothing exists like this in prior European music. It's not
complicated and surely people want the repression of joy. Again.
You see this in Enough. I mean you see this
in Uh Tchaikovsky's first Piano Concerto, maybe even in the second.
You can see it in the moments. You can see
it in Beethoven only moments, but you can see it

(01:44:36):
in God. I'm trying to think. Yeah, I mean, those
are the obvious examples, but there are others, I think,
moments in in in in Uh, parts of Taikowsky's Violin Concerto.

(01:44:56):
So it's it's because Europeans don't have the sense of life.
They don't have this joyous sense of life in general.
I mean again, you might get it here or there,
like Injuan Enough, but not as a not as a trend,
not as not as something popular. They don't respond to it.
They were repressed. They were not repressed, they were down

(01:45:20):
route trodden. They have a very negative sense of life.
They're malevolent, they're dark, right, they have a dark sense
of life. It's really unusual that you get Tchaikovsky and
Juanna Russian who come from a really dark place, who
can write joyous music like they do. Think of Son
Tchaikovsky's Ballet of Music. So I don't think it's purely American,

(01:45:42):
but it's primarily American because America developed a sense of
life out of a sense of individualism, conquering the frontier,
engaging with reality, challenging, being confronted and challenged by reality,
standing up to it, which the Eupeians just don't have
the equivalent of that. There's nothing in Europe ripping culture
that stands up to that, Christopher says. Augustina Augustina fergus

(01:46:07):
Sid should talk about more about me Lay, Yeah, absolutely,
I mean she knows a lot more about me lay
than I do. She's farmer Argentina, and she studied it more.
Platique says, as a generation Z working hard in an
environment where rational self interest keeps me from connecting, is

(01:46:29):
it possible to avoid loneliness? Well, I mean you've got
to find people who respond to your self interest, people
who are engaged in self interested action, people who respond
to your focus on work and focus on self. There
are people out there like that friendship and romantic partners.

(01:46:50):
You just have to expend the energy to try to
find them. They might be other objectivists near where you live.
You have to try to discover them and find them
and then come to conferences or go to events where
you might find people who share at least the sense
of life, if not the explicit philosophy. Don't give up

(01:47:13):
on that, Benjamin says, I've attended it confrontationally and was
suggested and was suggested by fellow students. The network with
pros in the industry I'm trying to enter. Though I
found it futile to build bridges that early. Was I wrong?
I don't think that's ever too early to build bridges,

(01:47:35):
and I don't think it's I don't think it's futile.
I think a conversation with the pro in a particular
industry is always going to make you better than what
you will. It is always going to make you muldy better.
You'll learn something You'd be surprised of how many people
are happy to mentor even on a casual basis, mental people.
So absolutely go out there and talk to people, engage

(01:47:57):
with people who are pros in the industry. I don't
think you should dedicate a huge amount of time to it,
given that it's still early for you, but I would
definitely start. There's no reason out to There's only upside,
there's no downside. And maybe that opside is small because
it's so early, but it exists, So why not spend
the time doing it. You're at a conference. What else
is there to do? All right, guys? We what is it?

(01:48:27):
Thirty one dollars away from achieving our second hour goal,
which would be really really good if we did that.
We're ten minutes away from the two hour mark. We
probably won't go into the third hour, but we will
do a solid two hours. It would be nice if
we made it to five hundred dollars. I'll change the
goal to five hundred so you can see the numbers.
So it's just thirty one dollars. So if people want

(01:48:49):
to do some stickers, maybe we can get thirty people
to do one dollar stickers and we can get there
and all is all is good. So yes, if you
want to support, to show value value, now is the
time to engage, all right? Aaron says, I am a
gay objectivist. I love I Rant and her philosophy, but

(01:49:11):
upon reading the Psychology of Self Esteem, I saw some
really nasty things about gays. How do I reconcile this?
As a gay man? You reconcile it by not agreeing
with whatever the nasty things that were said. Oh, you know,
being an objectivist does not mean you have to embrace

(01:49:32):
everything that I'm rand or Nathaniel Brandon wrote, you don't
have to agree with everything. It's about the philosophy and
attitudes towards gaze, as reflected in Psychology of Self Esteem
or in some of her Q and As is more
psychological observation, not a philosophical one. So what you're embracing

(01:49:55):
when you're objecting objectivism is the philosophy, the metaphysics, the epistemology,
the ethics, the politics, and aesthetics. You're not embracing every
psychological observation that Iran made. Some of them might be wrong,
And with regard to attitude towards gaze, they probably are wrong.

(01:50:17):
And I think if she'd lived longer, I think she
would have changed their mind. So yeah, your focus is
on the philosophy. Your focus is on the philosophy, So
focus on that and look the purpose of the philosophy.
The purpose of being an objectivist is to use the

(01:50:40):
philosophy to live the best life that you can live.
The purpose of being an objectivist is not to agree
without objectivists or to agree. It's not to join a tribe.
It's not agree with an objectivist does not agree with me.
It's not agree with Iran or Leni Peacock. It's to
embrace the philosophy and apply it to life. So apply

(01:51:02):
it and recognize that Ironman is probably wrong about gays.
Lennard Peacock changed his mind about about gay, about being gay,
and I think she was wrong, and I think she
would have figured that out over time, you know, as
for example Lena did, so, you know, reading something and

(01:51:27):
discovering Ironman was wrong about something. Okay, that's that's not that.
That doesn't undermine the philosophy unless when you discovered she's
wrong about I don't know something fundamental philosophically, and then
you have to rethink the entire thing. But this is
not so. Yeah, Richard, one hundred and thirty one dollars.

(01:51:51):
Thank you, Richard, really really really appreciate that. Thank you,
thank you, Thank you. That gains us, puts us into
the goal and beyond, so very much appreciated. Like esoteric
economy here, you're on sci fi. Would you become a vampire? High?
What's that? Uh? Immortal? But die in the sun need

(01:52:15):
blood if you attain your mind could buy trade for blood.
I don't know. Maybe maybe, I mean I'd slainly consider
it if I could trade for the blood. Yeah, I'd
slodly considerate anybody you have an offer immortality and numbmellus.

(01:52:40):
Which is a bigger problem local and national governments. It
depends on the period it's and it depends where you live.
In some places it's it's local government. If you're a
woman in Texas, your biggest problem is the local government.
It's not the federal government, because the local government is
taking away your rights in significant ways. But look, the

(01:53:01):
federal government is more dangerous. I could stidy a war,
it can round up immigrants, it can raise taxes, all
kinds of taxes, although the local government can do the
same and you have a lot less say in it.
So I think the biggest problem right now where Trump
is the national government. I think the periods were in

(01:53:25):
places where it might be the local government. But both
are problems. Marias, What would have to happen to African
countries to let go of centrist centralist policies and embrace
private companies to develop their countries. I mean they have
to embrace capitalism. They have to embrace some semblance of capitalism.

(01:53:47):
They have to embrace private property in the rule of law,
which are the two keys, and of course the sanctity
of contracts, the contracts, private property, the rule of law law.
Margot Wade, you should follow Margot Wade if you're interested
in introducing capitalism to Africa. She's very good on this.

(01:54:09):
And yeah, it's capitalism. What they need is capitalism. What
they need is elements of capitalism. What is it going
to take. I don't know. A change in ideology, a
new generation of young people demanding freedom, demanding economic and
political freedom which they don't have in Africa. That's what
Africa needs, economic liberty, and Nanne can boom. There'd be

(01:54:32):
no stopping it. It can do a China. But you know,
it's going to take time because the culture of so
anti property rights and contracts and rule of law right now,
because of bad intellectual leadership in Africa from the days
of the colonizers to the days of independence where the

(01:54:56):
intellectuals were all Marxists, Mark and still all Anomalists. Any
movies that an objectivist would enjoy, I mean lots of
movies that objectivists enjoy. Objectivism doesn't it's a sense of
life that really is going to dictate which movies you enjoy.
I'm trying to think right now. You know, I don't know.

(01:55:18):
I'm not very good at remembering movies. I mean, A
very very, very very old movie that I think, I
think you'd enjoy, everybody would enjoy is Ninochka with Greta Garbo.
It's from the nineteen thirties and it's it's one of
the funniest best movies I think of all time. In
the nineteen eighties, I like Last of the Mohican. I

(01:55:40):
thought that was a very enjoyable movie. What is a
movie somebody would enjoy today? What have I've seen recently?
It's enjoyable. I can't remember. I can once in a
while I do movie shows, primarily for members only, and
I recommend some movies. You might want to check out
my become a member on YouTube and then check out

(01:56:02):
the show I did for members only on Westerns. And
one of the advantages of being a member is you
have access to all my members only shows going back,
and you can get the ones I did on art
and the one I did on Western movies. And there
are a lot of westerns that are really, really, really good.
America Work is good, October Sky is really good. Paul

(01:56:23):
the Thirteenth is good. These all Michael Frost recommending those
all enjoyable movies. Yeah, that's a good beginning of a list.
There's lots of movies we get added to that, all right,
Thank you guys, Thanks all the super chatters. Thanks particularly
to Richard and I know Remo did quite a bit,

(01:56:47):
and James, and of course as always Michael, thanks for
the support. Thanks to all the super chatters, the stickers,
and I will see you all tomorrow. Right now, let's
say it's at the same time. There's the potential for
it to be an hour later, but let's assume it's
the same time. Okay, Robert has a last minute question

(01:57:10):
and it's about vampires, so I kind of have to
take it. Speaking of vampires, I just donated pains of
Oh plus, and since I have a low tolerance for pain,
listening to the show is a good distraction. Thanks. Well,
it's good that you don't find the show painful, becuse
that would be bad. What is painful about donating blood?

(01:57:33):
I guess I have a very high tolerance for pain,
so I probably just don't know, all right, thank you,
Robert really appreciate it, and uh you know, I wish
you immortality for donating the blood. I will see you

(01:57:54):
guys tomorrow. 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’s Fall, ICE Chaos, SCOTUS Battles, Gaza Tensions & France’s Future? | Yaron Brook Show