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Language: en
Trump sends nuclear subs towards Russia
and Trump tells Putin to end the war or
face secondary sanctions. Senator Warren
goes on record as not understanding the
economy at all. Ray Dallio says he could
see us returning to a gold standard.
Wait until you hear that one. The
Democratic Socialists of America want to
abolish the family. You heard that
right. And Texas Democrats have dipped
out of the state to stop redistricting.
That and more as we get into it.
>> So this is Senator Warren. um on CNBC
today. She recently has been uh
promoting and endorsing Zoran Mamani. He
is a infamous now socialist candidate in
New York City. This is her on CNBC
market alert.
>> You mentioned Mam Dani and you are in
New York sort of talk speaking in behalf
of him to a certain extent. You know, I
wonder though uh often we see this and
this is a local election.
>> Uh New York does not operate in a
vacuum. It competes with other cities.
And so this idea of somehow raising
taxes on the wealthiest New Yorkers,
who, by the way, I would point out, pay
roughly 15% of their income right now
between city and state. Raising taxes on
them will simply drive them away.
Shouldn't the focus of a mayor be on
delivering services to the constituents
of the city and doing that by raising
the most revenue as possible without
chasing businesses and the high income
taxpayers out of the city? cuz they can
go to Austin, they can go to Dallas,
they can go to Atlanta, they can go to
Nashville. This is your issue. It's a
national issue, not a local issue.
>> The issue is affordability.
>> What would you say to respond to that
before we even hear her answer that a
mayor should kind of focus on those
local services versus it being a
national issue um of kind of the taxing
the rich argument?
>> Well, so on that, I'm not even sure what
he's trying to do. New York is obviously
the most important city in America. It
is the financial center not just of
America but the world. I mean look,
China is obviously competing with us
now, but it it is such an incredibly
important place that whatever they do is
going to matter um certainly across the
country and potentially internationally.
So that like whatever. But um yes, as a
mayor, you need to be thinking locally
regardless of whether this reverberates
or not. But if people want to know why
we're paying attention so much to that
as a local politician, it's the same way
I feel about California. When I see
Newsome do something, I don't think of
it as a local issue. I think of it as,
okay, this is he's the de facto leader
of the Democratic party in terms of he's
got the biggest state in in the union,
full stop. And he's um running a very
much left-leaning Democratic playbook
that all the other Democratic leaders
are going to be looking at. So, that's
not weird to me to treat that as a a
broader issue. and Mani because he's so
tied to the DSA which we're going to
talk more about today. Um to me it's
it's all eyes on that race as a proxy
for understanding where Americans are.
>> All right, let's hear Elizabeth Warren's
response.
>> The issue is affordability. Do you know
how many working families are chased out
of New York City every day because they
can't afford housing? They can't afford
groceries. They can't afford child care.
What Zoron is saying is, "I want people
to be able to afford to live in New York
City. That's what keeps it a vibrant
city. That's what makes people want to
live."
>> Nobody disagrees with that, Senator, but
raising taxes in order to do it,
>> why is that the answer?
>> Oh, dear. Are you worried that
billionaires are going to go hungry?
>> No, I'm worried that they're going to
leave and spend their money elsewhere.
>> You know, they've threatened to do that
over and over and over.
>> And they have. They've left. I mean,
here's the thing. And Goldman Sachs,
when they create new jobs, they do it in
Dallas. Blackstone won't build a new
headquarters. You go on and on.
>> You want to have a workable city. You
want to have a city that's vibrant. You
want to have a city where the streets
are full, where there are things for
sale 24 hours a day. Then you need
people who can live here and work.
>> We've got that right now. By the way, I
would point out New York is New York is
is thriving. So, right now, it's doing
pretty well. Actually,
>> I'm glad you think they're doing well
because a lot of people are struggling
to pay for housing. A lot of people are
struggling to pay for groceries. And I
got to tell you, mamas and daddies who
are facing $25,000
a year to pay for child care,
>> those are national issues. I mean, I
know they are the local state, but you
can't Yes. But if you deal with them in
that way by what is always your backup,
just tax them more. They will leave.
>> Manny is putting forward ideas. Think of
it as like when um Vake was running for
office. He wasn't in office, but he was
bringing a conversation forward. Same
with Yang. Uh part of the reason that
people will run for office even if they
don't think they can win is they can
sway the national conversation. And if
people don't think that people are
swayed by the things that they hear,
they are out of their [ __ ] minds.
Like humans are uh pinballs in in a big
way in that we are, this is my take, we
are automat, but we respond to ideas.
And so when you have somebody that's
aggressively putting out those ideas,
it's going to have an impact, especially
if it's aligned with what's actually
happening in culture. And I think mom
Donnie is aligned with what's happening
in culture. I think this is the fight.
>> Uh it's arguably depending on how you
count culture in terms of importance. I
think it is one of the most important
fights that we're in. Uh even though
politics and culture reinforce each
other and at any one time you could say
that culture is being influenced by
politics or vice versa.
Ultimately politics is downstream of
what people believe and what people
believe is controlled by culture. So,
uh, yeah, we're we're in a cultural
fight. There's delusion over taxes. We
just heard Senator Warren, um, explain
that she has no idea what actually
happens in reality, uh, as evidenced by
history when you start cranking up the
taxes, fully acknowledging that the
mayor of New York is not going to be the
one to up the taxes.
>> But let's do that next step because I
think what a lot of people are saying is
like, okay, well, the billionaires can
leave. That's going to open up
opportunities for us. What are they?
What would the city of New York lose?
How would they not benefit from people
fleeing? Like, give me the second.
>> If billionaires leave, what happens?
>> If Yeah. If billionaires leave,
>> you can't pay for things. You're uh you
have to start neglecting things. So, if
you carry over uh the private sector to
the public sector and you say, "Okay,
let's look at what happened to the
Bronx." Like, when people think of the
Bronx, it's like, "Oh my god, it's like
this really hard place." It did not have
to be this really hard place. it became
this really hard place because of rent
controls. And so they went in and they
said to the owners of those buildings,
"You're not going to be able to raise
the rents." And the building owners are
like, "But hold on a second. The plumber
is not going to suddenly charge me less
because rents are controlled. Uh if I
need to do physical repairs, the
contractors aren't going to charge me
less. So the building costs don't
change, but now you're telling me that I
can't make enough money to cover it. And
so they start not repairing things. So
if you want to watch New York fall into
a state of disrepair, they'll start
cutting things like police departments,
fire departments, uh social work, like
you just start cutting all the things
that cost money. So you start looking at
your P&L as a city and you go, what can
we afford? What can we not afford?
>> And unlike the federal government, which
can just print money ad nauseium, the
local governments can't do that. Now,
they'll appeal to the federal government
for sure, but then the money is still
going to be printed and sent to them. So
either way you look at it, it's like, do
New Yorkers have to pick up the bill?
Are we picking up the bill nationwide?
Like, does somebody in Arkansas really
want to be footing the bill for poor
decisions in New York City? So, it's
going to cause uh row to use a British
phrase where people are going to be
like, "The hell is going on." So, and in
the world's financial center, for you to
not be able to generate the tax revenue
that you need is literally ridiculous.
>> But I do want to bring up the chart that
was circulating around the internet.
This one chart has 26 million views and
pretty much I I say it's a chart that
broke the internet. Yes.
>> So while we're talking about mom Donnie,
we're talking about tax noting the rich,
we're talking about how the economy is
booming but it feels broken. This kind
of graph really encapsulates how people
are feeling at least about it.
>> Oh, this this is not emotion. People are
right. And this graph is uber powerful.
It's not even the most important
statistic. Uh so but let's drink this
one in. So, this is estimated percentage
of 30-year-olds who are both married and
homeowners starting in 1950 and going to
today. Uh, so we were at 50% in 1950.
>> We're at like what looks like 5% now. I
mean, it's just it is it it's a cliff.
>> It falls off a cliff starting in 1990.
It really makes me want to look up what
policy changed in 1990 because it had a
horrifying effect. uh it was already
declining but 1990 is a cliff.
>> Yeah.
>> So policy has impact. Th this is why we
have to be careful. All right. The stat
that I think though is even more
important than that.
You're in a high inflation environment.
You must own assets.
10% of Americans own 95%
of the assets.
95%.
So the stat that people normally talk
about is well 60% of Americans are in
the stock market. Tom, what the problem
is? The problem is having like a small
401k that's not going to do virtually
anything for you. Not understanding it,
not investing in it more and more and
more and more and more.
>> Uh not being able to own your home
>> is very different than, oh, I make money
at this [ __ ] thing.
>> And most people don't make money because
they don't understand it. And so they're
I mean they make some money but it's
very small. It's very passive. Uh what I
am realizing as I get older is there are
two beats.
Beat number one, learn how to make
money. Beat number two, learn how to
invest money. If you know how to make
money, great. I was never going to be
broke because I know how to make money.
But I learned now I had all this money
and I was like, I have no idea how to
invest. Like none. Mhm.
>> And so now you're u beholden to other
people.
Now that I'm learning how investing
works, I'm like, "Oh my god, this is
exactly how you just outperform the vast
majority of humanity. This is how the
fly wheel gets started." Because if you
both know how to make money and you know
how to invest money, oh buddy, like
you're in a you're in an awesome place.
And if you are patient and you don't
mind making your money over 20 years,
bro,
nothing's guaranteed in life, but that
gets pretty close.
>> It just takes me back to your deep dive
about how a lot of times we want people
to increase the tax on the rich, but
it's not necessarily to benefit the
poor, to make things more affordable.
It's just so that way they can quote
unquote feel it as well.
>> They they want to punish the rich. Once
you understand that, then it all makes
sense. It's like, okay, why is Senator
Warren clamoring for something that she
know isn't going to work? Cuz she wants
to see them punished. And she knows the
people that are voting for her want to
see them punished. And so her going on
and banging the pots and pans about
like, "We're going to tax these guys.
We're going to soak them. Oh, you
worried billionaires aren't going to be
able to eat?" It's like, that's populist
rhetoric. That's not somebody who
actually cares about making a solution
to the problem. That's somebody who's
just like, "I know what people want to
hear. I know what they want to feel. I'm
going to make them feel that and I'm
going to get reelected. And the bad news
is marketing 101. Marketing is about
making people feel what you want them to
feel when you want them to feel it.
That's what marketing is. And so
politicians, especially in a populist
moment, are just marketers. And in the
age of personal branding, you get a
Jasmine Crockett who's very good at
being outlandish and getting coverage
and saying things and make the people
that uh support her feel the way they
want to feel. It literally doesn't
matter if it's tied to reality. It's
just does it make me feel the way that I
want to feel? Look, I um I really enjoy
Asthma Gold and part of the reason that
I enjoy him is he's outlandish and
funny. And I'm like, it doesn't even
matter if he's making any sense. Just
entertain me, clown.
>> And so, uh that that gets rough when you
see graphs like that and you realize,
oh, policy matters, but we're in
Entertainment Clown territory and the
policies cascade off of entertainment
clown. So, it's like, oh my god. Like,
we're making people laugh. We're memeing
them into voting for things that just
make no sense.
>> I I have I have one more thing. I'm
sorry. Because when we pulling up the
graph again, um, shout out to my DJs.
Um, we look at the home ownership of it
all and we see the cliff that falls out,
but we are not talking about the married
part of this. And I think that the
family breakdown is so so uh important.
And then that's when we jump over to
what the DSA that DSA meeting um as well
as the um VC um town hall I want to go
into
>> want to perform abortions in a church.
>> Hold on because he's already said
something so outrageous. He said I
pause. Uh the audio is hard to hear just
for a framing device. This guy says by
the time it's all said and done I want
to see abortions happening in churches.
Okay. Just so people hear what's being
said. Play. real difference between
marriage and prostitution is the price
and the duration of the contract.
>> We can fight for family abolition. We
can imagine family abolition because we
have seen black women doing because we
have seen
>> pause please. We
>> we got to take these one by one.
>> The only difference between marriage and
prostitution is the price and duration
of the contract. Yeah.
>> Quote unquote. Dude, this this is people
who have this wildly antagonistic
>> uh view of um partnerships, of
compromise, of the human experience.
Kids belong to the state, not to the
parents. Um a wife is uh in a
prostitution arrangement with her
husband just to get access to resources.
I mean, this is we are all trapped
inside of a frame of reference. And so
when they look at the world, they are
looking at the world through that lens.
And when you start making policy based
on that lens, that the family is
dangerous, that you want the government
in every aspect of your life, that it
should be totalitarian in the complete
way that it envelops you. Politics,
>> bro. like, okay, I'm not religious, but
if somebody said, I want God to envelop
every aspect of my life, I'd be like, I
get it. Now, what your God calls for is
going to determine whether that takes
you somewhere positive or negative, but
at least that's like a spiritual thing.
When you insert government, which is
simply about control, basically,
>> organization of people, that's what it
is.
>> Yeah. You're saying like I'm putting the
the notion of control to an ideology at
the center of everything in my life.
This is wild.
>> Let's keep going.
>> But you know, it is to me it is the the
institution of marriage can only exist
alongside the criminalization of sex
workers. Children whose parents are
unable to provide either housing, food,
or safety are treated as if they have
committed a crime.
>> Okay, pause.
So, uh, because we've seen, I believe
she said, black people and indigenous
people abolish the family, we know it
can work. Can someone please point to me
where that has happened
>> and where it's yielding great results?
Uh, so that's crazy. And then um the she
just said something about marriage
>> um marriage can only
>> work if you make sex work illegal. Hold
on a second. I am not with my wife
because I'm like, it's at least free
sex. That's nuts. Like if if prostitutes
were legal, I would just be with
prostitute. That
>> risky sexual behavior doesn't turn you
on top. You don't want to just get a
random every day from a street corner.
That's that's that's why you're married.
>> The the best use of help ever. What is
happening? All right, keep going.
>> So kids themselves are treated as if
they have committed a crime if they're
not born into a family that can support
them. condition to abolition of family
policing. You argue for abolition of the
family in general uh and say that the
institution of the family acts as part
of the the carceral system in the way
that it reinforces children as property.
I think the left is constantly surprised
at how few people are um you know ready.
>> It reinforces children as property. Um I
don't want to keep dunking on them. They
pretty much repeat the same thing. If
let's let's let's act like writers for a
second time. What has to be true for
people to not just say this, but to
practice it, organize a tie on a hall,
get together, mask up, and talk about
this in like 2025? Like,
>> you have to be authoritarian. You
believe that you're always right. You
believe you're smarter than other
people, that you see the truth in a way
that they don't. Um, that you should be
trusted implicitly to create the system.
Jordan Peterson had a great insight on
this that I thought was shocking in how
accurate it feels, which is he goes,
"Okay, the 20th century alone, um R.J.
Ruml, um who is a political scientist
and author and professor, uh wrote a
book called Democide, I believe, and
it's about how many people were killed
by their own governments." And in the
20th century alone, he estimates that
governments killed 260 million people.
It's actually more than 260 million. So
it's like uh and Jordan Peterson's
insight was, okay, you look back at the
20th century, you see 260 million people
dead at the hands of their own
government, and you say, "Well, but
communism could still work. That wasn't
real communism." And he said, "What they
mean when they say that is if I were
running things, then this would have
worked out." The level of delusion that
it takes to be like, "Bro, give me the
keys. I got you." Like, "This is all
going to be fine." It It's just like,
this is one of those where I understand
why people have an immediate revulsion
to politicians who want to run because
like anybody that wants that is going to
score so high on things like narcissism.
So, uh, people say that you always hate
the person that's most like you. This
could be why people on the left hate
Trump so much. Is it's just the same
phenomenon. It's like, I know best. Give
me the keys. I can't be wrong. Let's go.
Let's go.
>> And that's who Trump is. And that's what
we're seeing the math of
>> cuz it's like that's me. I'm the one.
>> I'm better than him. I know him.
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>> Moving on, we got to talk about this
Trump uh thing of it all. So, it started
with Trump tweeting this out last week.
Um, based on highly provocative
statements of the former president of
Russia, Dmitri Medvidev, who is now the
deputy chairman of the security council
of the Russian Federation, I have
ordered two nuclear submarines to be
positioned in the appropriate reasons
just in case these foolish and
inflammatory statements are more than
just that. Words are very important, can
often lead to unintended consequences. I
hope this will not be one of those
instances. Thank you for your attention
to this matter. Then he gave um Russia a
deadline of Friday, August 8th to come
up with a ceasefire with Ukraine. Putin
um through exclusive sources talked to
Reer and said that he's not worried
about um any of the sanctions ultimatum
or anything that's happening. He's going
to keep going through this war until he
captures these four regions in Ukraine
that he thinks belongs to um Russia. So
I'm at an impass with my feelings right
now because I understand Trump's need to
end the war. I understand that he has
to, you know, hedge his bets by moving
the submarines into those regions, but
you have the Russian uh you have
Medvidev saying, you know, we're not
upholding to any UN sanctions, any NATO
treaties. We can fire whatever missiles
we want to get to our end goal. And then
you have Putin saying, I don't care
about the sanctions. You can sanction
any oil people 100%. It doesn't matter
to me. I want these four territories.
Is that Do you start a negotiation with
that? Is that negotiating with a
terrorist? like it's
>> I'm not worried about negotiating with
the terrorists or anything like that.
It's just you you are in the position
that you're in from a realist lens.
Putin is going to do whatever he wants
to do up until he incurs either internal
push back from their um value
standpoint. So they hit a moral wall
that they're not willing to cross
>> similar like what Israel is doing now
where like they're having pressure to
>> well that's external stuff. So you're
only worried about the internal. So you
either
>> his own people are like uprising
revolution copy. So every society
believes certain things are acceptable
and unacceptable. So you're going to do
the Vietnam War until enough people go,
"This is morally repugnant. We've lost
the will for this." And people know when
you go up against the US that you can
usually wear them down because the um
people in America have a value system
that says war is ugly, war is horrible,
and we don't want to be in them. Uh and
so it's just a question of like with
Afghanistan, you have to wait 20 years.
Uh but you're going to be able to wear
our appetite for that war to nothing and
then we're going to pull out. So Russia
either hits an internal thing, probably
not because he's a dictator. Uh so then
that leaves sufficient force from the
outside. And so if I'm Putin, I'm going
to signal as loud and clearly as I can,
these are the things that I'm going to
do. So now everybody doesn't have to
wonder like am I a madman or what? Even
if I am, I'm not going to signal that.
Uh so they don't have to wonder whether
they're up against the madman. They're
just going to be their what they will
run up against in their countries in
terms of support for them, Europe,
America, either funding or directly
putting troops on the ground against him
against what Putin is saying. I just
want these four areas. So people go uh h
they were USSR like do we really like
feel like we need to fight for that? I
don't know. And so it'll give people
enough of the I don't know that like
he'll probably uh be able to do it
unless Ukraine can stop them militarily.
Now, Trump is a fascinating wild card
because he just from the perspective of
girl, nobody gets to talk to me like
that. Like, he'll do things just because
he doesn't like the way that you're
handling the negotiation.
>> And so, he Trump is walking around in a
way that's like, okay, I am the biggest
baddest world leader on the stage.
Everybody's going to treat me as such.
If you don't treat me as such, then I'm
going to draw a line in the sand. Now,
you want a world leader that does that
and I expect to catch flack for that
statement. But then I will point
everybody to China and I swear to God if
people go to B for China and they're
like, "Yeah, but that's China, bro. Like
you can't like what do we have to do in
their region?" Yeah, [ __ ] This
is how people act. And so when it's your
country, don't be [ __ ] surprised. So
he You want somebody that draws lines.
Now if they draw stupid lines, then you
play dumb games, win play stupid games,
win stupid prizes. So, he needs to be
very careful. But the fact that he's got
swagger, the fact that he's willing to
draw boundaries, I'm here for. Now, when
you start playing with nuclear nuclear
escalation, everybody needs to be very
careful. Here's where I don't trust
myself. If I'm being completely honest,
I am so convinced that they're not going
to launch nuclear weapons on either side
that this is all theater. This is all
posturing. It doesn't. Putin knows if
you do anything tactically nuclear, you
trigger Everybody freaks out. Everybody
freaks out.
>> Everybody goes nuclear,
>> dude. The EU is all like, "Yep, we're
funding this war to the high [ __ ]
heavens. We are pointing all of our
nuclear weapons at him. We are moving
everything right to the [ __ ] border."
Like, this is one where I with nuclear I
worry about a mistake. I don't worry
about intentional firing. He is not
going to intentionally fire. I don't
think he would intentionally fire. Even
if he thought, "I'm about to lose." I
just don't think he would. I don't think
he has enough disdain for his people
that he'd be like, "Yeah, I'm going to
kill 40 million of them." I just don't
think he would. Now, again, I don't
trust myself. I don't want to make
policy. So, let's be very clear. This is
why I don't run for [ __ ] office. So,
I don't want anybody to be confused. I'm
not a rule for me and not for thee.
People should not trust themselves
nearly as much as they do. You want to
take everything on the masses. I'm not
gonna lie about how I feel, but I also
don't think people should go, well,
because Tom thinks it and feels it, I
should feel the same way. It's not how
this game should work, but that is how I
view the situation.
>> Do you think that the four territories
that Putin is saying, I just want these
and I'll be good. Is that legitimate or
is that kind of like a Napoleon, once I
just get this next territory, I'm good.
>> How rich are you going to let him get?
How weak is Europe going to be? How much
do we stand up to him? He will take over
the whole world if he does not run into
sufficient stop. America will take over
the whole world if we don't run into uh
sufficient pressure. China will take
over the whole world if we don't run
into sufficient pressure. This is a
human thing. This is why I'm saying
please for the love of God look at real
politique. Real if you've never
encountered it I've done a deep dive on
real politique. Type billu realal
politique the video will come up. This
is how the world works. Everything else
is confusion.
>> Every leader will keep pushing until
they hit one of two things. Internal
value systems of the country say stop or
you meet a force from the outside that
you're like this sucks.
>> The reason Alexander conquered the
entire world is that's what these people
do. Uh the reason that Genghaskhan
conquered the entire world was that's
what these people do. They keep going
until they hit a force that they cannot
overcome. Like it that is the world. If
you start reading about Xihinping, it is
going to scare the life out of you
because he simply he holds these little
um meetings and he says to the pullet
bureau,
this is what we have to tell the world
right now.
>> And then as soon as they get strong,
he's like moves the goalpost. This is
what we tell the world right now. And
then when they get stronger, this is
what we tell them. There will be a day
if they're not stopped where Xiinping
goes and now we're taking Taiwan. Like
that that isn't a question. And anybody
that thinks that's a question does not
understand human psychology, does not
understand real politic, doesn't
understand history. So it all this
information is there for anybody that
wants it. So Putin will take these first
four because he has a story that he can
tell about that that's going to be very
good for his country. And then ambition
will grow in the Eden. And if that works
and he's recouped, he's licked his
wounds. He sees a succession plan or
feels like he can see himself living for
another 15, 20 years, whatever, he's
going to go, "Okay, cool." Like, "We
need to regroup for a minute. We need to
let our economy boom. Everybody gets fat
and happy again. Then once they're fat
and happy, we'll see." And if in the
interim EU is like now spending 3 to 5%
of their GDP on military, he'll be like,
"Okay, now's probably not the time." But
if the EU gets [ __ ] eaten alive by
unchecked immigration, they have just
value problem up, down, left, right, ba
select, start, and they're like just in
total disarray, then he's going to be
like, "Pull looks pretty tasty right
now." So the dude, I just can't say it
enough. people will go as far as
internal values allow them. So the the
country's appetite for the war and if
there's unchecked you're watching it
happen in Israel right now. Guess how
far Israel is going to go until they're
checked. That's it.
I I don't understand the confusion. And
by the way, guess how far Hamas would go
until they're checked. So it's just that
Israel [ __ ] people up when people come
to play. But that's the game. All right.
Keeping up with international news,
Tommy Robinson got arrested again. Um he
was detained last night for um some
social media posts and cited on the S179
online safety act um that reads without
reasonable excuse sent a message
conveying information known to be false
intending at the time of sending the
message or the information in it to
cause non-trivial psychological or
physical harm to a likely audience. And
then S127
uh communications act. A person is
guilty of an offense if he a sends by
means of a public electronic
communications network a message or
other matter that is grossly offensive
or of an incident indecent, obscene or
menacing character or B because there
any such messages or matter be so sent.
>> How dumb do you have to be to make that
a law? How is it possible that the
country that gave us 1984
is becoming 1984? Like, it's wild, man.
So, yeah, that I don't understand. If
you don't have freedom of speech, you
don't have the ability to think, uh, you
get two-tier policing, you get all these
crazy like resentments bubbling up under
the surface. Again, people are so
convinced they're right that the
government does not want to hear
dissenting voices. the reality is you
need dissenting voices to figure out
what's actually true, what's actually
working. Uh, and they don't want it. And
so it was startling to me to find out
that America is the only country that
I'm aware of that actually enshrined
freedom of speech in writing in their
constitution. Everybody else, they kind
of allude to it. There's like a spirit
of it, but they don't actually have it.
The UK does not have freedom of speech
very clearly and they're arresting
something like 35 people a day for
tweets
and you're in trouble. It's just it's
just getting worse because chat control
is a plan that was dead and now revived.
And this is another proposal from the
EU. Um it would force apps like
WhatsApp, Signal, and Telegram to scan
every message, photo, and video starting
in October even if encrypted. France
flipped to support. 19 of the 27 member
states are now backing it. Germany's
undecided. But if Berlin foes mass
surveillance becomes law by mid October
the excuse stopping CSAM. The reality
total algorithmic surveillance and the
end of private messaging in Europe. So
they already have the laws and now
they're scanning Texas uh even encrypted
uh app platforms to get it. So it just
seems like a pipeline for that that law.
Oh, I just read that.
>> Dude, th this is Imagine Imagine being
arrested for something that you DM a
friend.
Now, I know people are going to say,
"No, no, no. That's not what this says."
Ask, "Does it make it possible?" You
already arrest people for what they post
publicly, and now you're making sure
that you can scan what they're doing
privately. Why?
>> For Yeah, for
>> They're going to say it's to protect
kids. I love protecting kids. amazing,
but it is going to be used for all
manner of thing. So, oh man, you you get
what you vote for. You get what you vote
for.
>> It's a non-trivial psychological thing
to me cuz I mean in America, it's you
know, unless you're inciting violence,
you're pretty much good.
>> Yes. You know why you have to put that?
>> Because humans at an individual level
will do the dumbest things possible. And
if you have to cater to every person who
might be upset by something that you
say, you will never be able to say
anything. It it is bananas. Also, you
don't know if I'm trolling you or if I'm
No, no, no. I'm really bothered by that.
And honestly, who cares? Get tough.
Like, for real, for real, for real. The
way that the human mind works, if you
never encounter distress, you do not
develop the ability to deal with that
stress. And so, you've got to get tough,
man. This is my whole some people need
to be chased by lions hypothesis. Like
you just need things to be hard. Like
you need people to go through hard
things. And because we've had easy
money, I can't believe how much this
matters because we've had easy money
because we've been money printing all of
that. People legitimately
don't understand that money growing on
trees would actually be harder than what
we do. And so the joke that people used
to put forward to try to illustrate that
money is actually hard to make just
isn't true. Be way harder to make money
growing trees than it would be to print
it. We just make it out of thin air. And
so because of that, it just feels like,
well, this is a law of nature. This is
how life is. Cities work and streets are
awesome and we're safe. Nope. It's not
how the world works. We did a whole lot
of crazy stuff to make sure that we
could create this world. uh and
it will go away.
>> Yeah. What why do you think that is? Is
it the internet? Is it social media?
Because there are certain things that we
take for granted. Even in America, free
speech is being under attack is being
attacked and we don't realize until we
see stories like this that like
>> even calling Trump a dictator on media,
you have that's a freedom. That's a
right. That's something that you can't
do in other countries. Even if you say
he's the worst and you say he's a PDF
file and you say all these other things
that's you have that privilege that's
something that not everybody can do
across other parts of the world. So but
even that is now disinformation
misinformation we people should only say
these one things I should be able to
control the means of production like
there just seem to be this
>> warm up warm up your James Burnham
finger for me. So uh James Bham gives
the ultimate breakdown of what is
happening right now which is the elites
forever have been able to control the
things that we see and believe. I mean,
dude, forever.
>> Uh, people think that there's something
called objective truth, and there is,
but it's physics. Everything else is
interpretation. Given that we don't even
understand physics, well, it's it's just
true. Humans don't know how to interface
with what is objectively true. Which
means anybody who realizes, oh, I just
need to control the way you see this
thing. Doesn't matter what the thing is.
I just need to control the way you see
it. I need to control the frame. That
they're going to win. And so you get
very smart people who understand, oh,
this is a game of frame control and then
I can manipulate people as much as I
want. Uh, and forever they've been able
to do that. Social media is breaking
that. So they need that control again.
And so now they're using censorship and
all of that to get the control back. And
they will either they're either too dumb
to recognize that um they're actually
driven by resentment and control. Uh or
they're just malevolent enough to not
care that they're driven by resentment
and control. But the reality is they
want control. They think they know best.
They want control over you and so um
they they somehow have a failure of
imagination and don't realize that will
be used against them. So all these
people are trying to put rules in place
that they think that they can use to um
keep you in check. You the pleb, you the
peasant, you the dumbass, like we're
going to keep you in check. This is why
Sam Harris, who I love and think is
brilliant and am so glad he exists in
the world. I was so distressed to see
that he he has encountered the same fact
that I have encountered which is that
many people in the world are dumb and
many people in the world are dumber than
him
>> and from that he extrapolated and so
these people need to have certain things
prefiltered premasticated because I Sam
Harris do not want to live in a world
where they get to be manipulated and
then vote and I'm saying bro you want to
manipulate them too you just think you
that your manipulation is for their own
good in the right ction and I'm like you
can't do that. And so I am prepared to
live in a world where people that are by
every measure that you could possibly
measure dumber than me.
>> And the reason that I'm that's not me
saying I'm at the top. I'm just saying
there is a percentage of people that
will from a numbers perspective be far
larger than one.
>> And so they will be able to uh outweigh
whatever uh vote I have. And I'm
perfectly willing to accept that I'm
gonna live in that world because that is
the only check against tyranny. And once
you understand you're the one that we
have to worry about. I'm the guy we have
to worry about. We everyone has to worry
about themselves going, "No, no, no. I
got this." And now just let me be in
control for a minute. And maybe partly
because I get to do that in companies
and I'm like, "Yeah, no one gets to tell
me what to do. I can do whatever the
[ __ ] I want." And I see sometimes it
works and sometimes it doesn't. And so
in business, I'm like, "Ah, I need to
like get people's information. I need
them to say the things that they think
that I'm doing are dumb."
>> And boy oh boy, uh, going up in the
marketplace has just taught me super
valuable lessons. No matter how smart I
think I am, uh, I'm never going to be
able to outwit the collective.
>> And so I try to always think through
every problem in life through that lens.
Texas Governor Greg Abbott has took an
emergency action to begin removing the
from office the dare elect quote unquote
Democrat Texas House members who refuse
to show up for a special session. For
those people not paying attention,
what's happening in Texas right now is
Governor Abbott is proposing to
redistrict the uh region. What that
means is he's going to basically draw
new political maps in order to increase
the amount of House members that the
Republican side would gain. The way they
know this is they'll basically expand
red territories and shrink blue
territories. Um this is a practice
called gerrymandering or redistricting.
In 2019, a Supreme Court um called it
beyond the reach of federal courts for
gerrymandering. And then
>> technically they didn't strike it down.
They said we won't stop it. So they're
saying this is a state thing.
>> Do your thing.
>> And they pushed it down. So they upheld
a local court's uh decision which then
led to a whole avalanche of district red
uh redistricting. Um now let's take it
to Sean Hannity who broke it down by the
numbers just
>> like 1950
>> uh just how big um the difference will
be.
>> So hold on really fast. what what he's
going to walk through here is basically
um the way to understand why
gerrymandering matters is that depending
on how you draw the lines, you can make
it such that in your state you're let's
say that more people lean right. So
let's say 42% of people in your state
vote for Republicans, but in the state
legislature legislature you have uh 17%
of them are actually they have a seat.
So they draw the lines just in such a
way that you like isolate all of the
people that vote the other way into one
space. So it might win by like 98% in
that one district rather than diffusing
it across multiple districts which would
have given them a majority in several
other districts. So, you get very clever
with your lines, which if you're looking
at your screen, you can see how they
like like make these weird weird shapes
uh in order to ensure that all the
people who are already going to vote
red, they collapse down into one area.
And all the people that were going to
vote blue, you know, depending on who's
doing the lines, like obviously in
Texas, they're trying to make it so that
red's everywhere. Uh so both sides are
just as guilty. It's just a question of
who's in power and is able to pull it
off. All right, with that, Sean Hannity
now walks through like, okay, they voted
like the 42 and 70% example. They voted
42%, but they only have 70% of the
seats. He's going to walk you through.
I'm pretty sure it's state by state or a
bunch of states. Anyway,
>> remember one very, very important
pertinent fact that they won't tell you.
Democrats across the country are up in
arms over so-called gerrymandering in
the state of Texas. This is the exact
same practice not only carried out by
Democrats in deep blue states for
decades, but it has been mastered by
Democrats. Matter of fact, let's look at
the numbers. The numbers don't lie.
Let's start with Gavin Newsome's
socialist utopia of California.
Republicans, they won 39% of the House
vote, meaning for Congress, but they
only got 17% of the seats. In
Connecticut, look at this. Republicans
won 40% of the House vote, zero seats.
Illinois, where Texas Democrats are now
camping out. Uh they have perhaps the
most gerrymandered map in the nation.
Take a look at that. In 2024,
Republicans, they want a very
respectable 47% of the statewide house
vote. They only have 18% of the seats.
In Maryland, Republicans got 35% of the
statewide. I think we get the idea uh
that
>> this has been happening, will be
happening, is a thing, but the question
is, is this going to escalate? Is Abbott
actually going to arrest people? And I
think I made my thoughts very clear on
everybody going straight to arresting
people. I think it's a bad look.
>> Uh but it does seem that we just keep
wanting to flirt with this. Now, again,
because I'm so uh I haven't been in
politics for very long, I don't know if
this is like everybody always threatened
to arrest everybody back to like the
1960s or if this really is the recent
phenomenon that it feels like. Uh this
feels like it's escalating. I hate the
way that there are both sides like one,
don't run from the vote. Uh two, don't
make your first attempt always to arrest
people. Like if you want to put a
reasonable amount of time on it and say,
"Look guys, we get it. You want to draw
attention to this issue. understand,
>> do your thing. This is how politics
works.
>> But
>> if you're gone for more than
>> whatever, whatever is reasonable. I
don't know enough about how these votes
take place. If there's like some certain
amount of time that they can uh like if
they stall it for two weeks and then you
can't vote for anymore or something like
that. Obviously, I wouldn't want them to
be outside of that. But
>> so this this is also similar to the
Supreme Court appointee. So, I remember
back in the I want to say it was like
the 80s where Joe Biden when he was just
a senator blocked a Republican um uh a
Republican's nomination for the Supreme
Court. Um he ended up getting
overpassed. He tried to um uh when they
take over the
>> filibuster
>> filibuster. He tried to filibuster,
ended up getting overruled. The Republic
Republican nominee got in there. Obama
tried to have a um a Senate a Supreme
Court justice. His got blocked. Trump's
got blocked. So, then we kind of keep
doing this tick fort thing. The thing
that I'm I'm frustrated with this is
this entire argument is how why I encomp
like why I hate politics. Why I think
the red team blue team is all just a
distraction and while like they don't
actually care about you although they
might say tax the rich. They might say
things that make you feel like they're
paying attention to you. They're not.
This is a game of power and this is 100%
a power game. And it's just now that the
red team is in power, we're going to do
as much as we can to redistric and draw
these lines. And the Democrats skipping
town are the same things the Republican
did when the Democrats tried to do it.
So I I I know that yes this is a both
sides thing and yes it happens but it's
at some point we have to say okay guys
this is the g rules of the game now
let's work within that as opposed to
every time the other side gets into
power we're trying to make special
exceptions to the rule. It's like if
we're playing basketball and then one
team wins and says okay now we can only
take shots from this line and then the
next team can't make it so then they win
they say okay now you can only dribble
the ball two times and pass it back.
like that's you should be able to beat
me at this game, but we agree that this
is the game. This is the rules. Now,
let's operate it versus everybody trying
to like lawfare some special exceptions
over and over and over again.
>> So, how did the 10-year rule get set in
the first place?
>> That was one of those like historical
things that was just
>> but it's just like this is how we do it.
>> This is how it's all
>> it's not like it's documented anywhere
or anything.
>> I don't think it's like constitutionally
or anything like that.
>> Yeah. I mean, look, I I'm with you. like
when you've got a settled set of rules
and this is how we do things. Um I'm all
I love when people adhere to like these
are the common practices. The whole idea
of British common law.
>> I love it. I love it. I love it. Um
we're not in that moment. So this is a
populist moment. Everybody believes that
they're fighting. I mean you hear all
the time Donald Trump is an existential
threat to democracy. Blah. So um I think
both sides are being extremely unwise.
This will be used against Republicans in
the future. So, as long as they
understand that, as long as they
understand when, not if, when you find
yourself out of power, they're going to
do it to you. And so, I hope it's worth
it.
>> Uh, thank you, um, Tristan Thomas.
Before, they would only do redistricting
after the census. So, that's why it was
every 10 years or whatever like that.
Uh, thank you um for articulating that.
Um, but yeah, man, that it's it's
happening all the time. They break the
rules and since the other times break
the rules, it's gone.
>> All right, let's get back to the gold
standard. Let's go.
>> This is Let's uh hear from Ray Dio, the
man himself.
>> It used to be the case that the US
dollar was backed by gold and US
government said if you don't like these
pieces of paper, we'll give you gold.
And ultimately we we ended that we're
never going to go back to that
presumably, right?
>> Probably presumably that's right. Not if
you watch these gold c these cycles that
because you have the devaluation then um
people feel don't have confidence in the
fiat system over a period of time and
through history they've um at that point
the way that works is you print all this
money then you pay the debt with the
cheap money and then but nobody wants to
hold it so then they go back and link it
again. It is conceivable that you can
see a relinking of gold to money, but
that's way in the future.
>> First of all, Ray is a national
treasure. We need to protect him at all
costs.
>> At all cost.
>> Uh it is it's really interesting to
watch him talk about this stuff because
he is um the depth of knowledge that he
has about how the economy works may
quite literally be unparalleled.
And
he's like talking at this first grade
level all the time, like walking people
through. He's like, I'm, you know,
whatever, 75 years old now, and I just
want to like pay it forward, and I want
people to understand how it works. And
he can just do it ad nauseium just over
and over and over and over and over. Uh,
but this kid is a gangster. Do not for
one second forget there is no human
alive that has ever made more money
betting on he understands where we're at
in the monetary cycle. Nobody. And so
here he is like this softspoken old man.
Like it's like this guy's a savage. So
the fact that he's saying that w