Blood Satellite - In a Bear Market, there’s Always Room for Barted Bull Trading [＂hot Cp24 got guacamole＂]

00:00:00.000 as far back as i can remember i always wanted to be

00:00:07.760 blood satellite the last episode a lot of people liked it because of the economics talk at the end

00:00:23.900 of it i guess it was a debate well we were we were hashing it i don't know if it was a debate

00:00:29.860 but it's kind of a debate i guess a debate that for people who don't know continued for three

00:00:35.220 more days in the chat yes it did it actually didn't stop and it had a tone of mom and dad

00:00:46.700 are fighting i think people like shut up for a while while i was going on because i thought

00:00:50.420 oh someone's gonna like chime in on either side everyone was like weirdly quiet do you ever

00:00:54.500 like wake up or do uh like do something you're just like what the fuck is going on you were you

00:01:01.120 and i were kind of debating it and then at some point i think you were working or or dealing with

00:01:04.820 dimeschild and then kell and i were getting onto it and then he's tapping out he's like dimes get

00:01:09.780 back in here i can't i can't handle the degree of judas in here oh yeah what i was doing is i was

00:01:15.060 watching meg too that's what it was yeah something important like work or you're getting no you're

00:01:21.660 watching uh meg too yeah yeah oh the dime shot he was he was asleep i was eating chips and watching

00:01:27.480 meg too very important which it was such a bad movie like this isn't even i'm not trying to

00:01:33.720 sneak in a movie corner i'm just saying like meg too the jason statham fights giant prehistoric

00:01:41.940 shark that's the movie they made a second one it's it's one of those movies where it's not even

00:01:46.840 i i was expecting schlocky bad i was expecting oh it gets what it is now kind of like crank to

00:01:54.740 a lot of jason stathan movies are like that like oh but we kind of get that it's retarded now so

00:02:00.120 let's lead into that but it ended up just being very very boring i turned it off and it's a movie

00:02:06.140 that's designed for china oh yeah there's so many of those now yeah and it's like full of chinese

00:02:12.560 people and then they'll be reading documents you know they'll be in a submarine or something

00:02:17.980 reading an important document and half of it's in chinese so like why first of all why would you

00:02:22.760 make a document like that that's an impractical document yeah but it's just a signal to the viewer

00:02:28.260 that china has its fingerprints on this and then anyway it's like and also cgi i got a theory

00:02:36.240 does and i don't know who to ask about this because i don't think i could ask

00:02:40.640 an asian person but does the eastern mind generally not have have the capacity to tell

00:02:50.840 good cgi from bad cgi no because like i'm at a japan like cgi stuff from japan japan is supposed

00:02:58.260 to be top of the heap like it's still really bad i think if you ask them to like compare they could

00:03:04.680 spot the stuff that and just say well look this is more true to true to life right but i don't

00:03:10.720 think that's like remember i was saying the other day about their cinema like chinese cinema and

00:03:15.040 chinese uh television shows how they're so over the top and like i like to mock them and say it's

00:03:20.320 because they're incapable of good acting but i don't i don't think that's actually true of all

00:03:25.540 of them because i've seen some of those actors in western films where they're actually doing

00:03:28.420 a good job so i think what it is is just a style like it's just an aesthetic choice like the

00:03:34.240 japanese ones for sure there's loads of of japanese films where the acting is good there's

00:03:38.320 loads of japanese films where it's over the top and schlocky and the graphics are bad i think the

00:03:42.780 graphics like the cgi is just part of that where it's like let's just like it doesn't it doesn't

00:03:47.500 it's not supposed to be good it's supposed to be colorful and i don't know i don't know how

00:03:51.960 else to explain i'm trying to back them up a little bit here but it is it is bad you will

00:03:55.540 guess what you've just backed yourself into a corner because you know what it's like it's like

00:04:03.520 cgi from the 90s where you felt like you were getting your money's worth if you saw cgi like

00:04:10.640 oh i'm seeing something you're very aware that it was cgi and it looked fake but the fakeness

00:04:17.940 meant like oh this is a cool new thing it's the unrealness of it was cool and then jurassic park

00:04:23.840 broke that we could have had lawnmower man forever until spielberg fucked it up

00:04:29.160 i know we talked about the lawnmower man 2 was so it's just like quintessentially i i actually

00:04:36.980 haven't watched i only watched the first 30 minutes and i turned it off because it's so

00:04:39.620 it's just so horrible so unwatchably bad i remember i didn't see the second one i saw the

00:04:46.440 first one when i was very very young because that came out in like early 90s and i just remember

00:04:52.120 seeing the second one going to blockbuster or whatever the movie store was and seeing it on

00:04:57.340 the shelf and thinking to myself that's a serious movie for adults really yeah it's like lawnmower

00:05:04.760 man like man this sounds like this is beyond me i'm into mortal combat i'm into street fighter i

00:05:10.680 get that i don't get what this is it must be complex yeah just like when i was young and

00:05:18.340 we never had seafood when i was growing up so i thought red lobster was where millionaires ate

00:05:23.400 i went to red lobster the other day did i tell you that no you didn't really i've been as red

00:05:31.200 lobster a lot as an adult yeah it's really really bad and it's really really expensive too

00:05:37.000 like i we we got like a i got a bunch of scallops like ooh bay scallops that sounds good right

00:05:44.840 it's like a cat dish of like dime size little scallops in in some kind of slime

00:05:54.760 served in slime wow it just it doesn't taste like anything it tastes like i don't know if

00:06:00.760 you can buy like a can of scallops but you said they're dime they're dime sized like they're

00:06:06.880 what like it's one two centimeters those are tiny they must have been small like yeah they're like

00:06:12.260 fucking god what's smaller than a fingernail yeah yeah no yeah and i suppose it depends if you bite

00:06:19.120 your nails but like a like a middle finger sized nail scout not like a black queen's fingernail

00:06:26.020 but like a working white man's fingernail this is a working man's white man's fingernail damn

00:06:32.340 those are small scallops i bet you they're frozen and guess what you're paying canada prices yeah

00:06:37.780 oh man you go to red lobster you're dropping 200 for like four people and you you like it's

00:06:44.320 a molestation and i got news for you that means you're gay i remember getting scallops in hong

00:06:51.680 kong that were so big you had to take a bite out of them like you could not get an apple thing in

00:06:56.460 your mouth no like think of like uh like a biscuit not a biscuit you know what i mean by a biscuit

00:07:03.340 like a yeah yeah yeah a biscuit it's like a biscuit so it's about that size and shape and

00:07:08.560 like you would have to like cut it in half with a knife to eat it that's how fucking big these

00:07:12.040 scallops were i think we're gonna be the last generation that gets to have seafood and the

00:07:16.620 seafood we have isn't even that great oh man yeah the fisheries are all just about shot now because

00:07:21.340 the fucking chinese man it's in rate like whatever what's the level above enraging infuriating i

00:07:27.400 don't know but whatever above infuriating is once you that's what i feel when i hear about

00:07:33.020 what china does to the oceans yeah almost out of spite like if they think if they if they could

00:07:40.260 nuke the moon they would nuke them but they can't so they're doing this for everybody's good for

00:07:45.260 the good of humanity and the planet there needs to be a another global war a severe global war

00:07:50.280 and and we all need to lose it'd be the best possible outcome it i noticed that the greta

00:07:56.960 tunbergs of the world like a lot of environmentalists that's not high on their radar but

00:08:01.440 i remember hearing that there's this like it's like a floating city they call a floating city

00:08:07.400 of just ocean trawlers that's just off the coast of like san diego or something you can see it from

00:08:13.180 shore they look like city lights on the horizon but this is an armada of fishing vessels

00:08:22.620 harvesting squid off south america to feed china's enormous appetite for seafood

00:08:28.940 and as investigations suggest with little regard for the environment workers rights or international

00:08:35.580 law two-thirds of the world's oceans are the high seas the high seas are like the wild west

00:08:40.860 they're largely ungoverned there's no one country that's responsible for enforcement out there

00:08:46.540 the chinese vessels show signs of fishy business sailing with their mandatory transponders turned

00:08:52.780 off broadcasting multiple electronic ids or transmitting false information once again

00:08:59.340 the chinese ships have crossed the pacific last year they sailed to the rich fishing grounds

00:09:04.460 around the galapagos islands because of overfishing closer to home they have to

00:09:09.260 venture far and in huge numbers China is a fishery superpower with the world's

00:09:15.480 largest fishing fleet the mainland now consumes around 38% of total global fish

00:09:20.300 production and hauls in 15.2 million tons of marine life a year or 20% of the

00:09:27.080 world's entire annual catch the Chinese government says its distant water

00:09:31.140 fishing fleet numbers around 2,500 vessels but other estimates put it as

00:09:35.500 high as 17,000. In comparison, the US has around 300. China, more than any other fishing fleet in

00:09:42.340 the world, travels further, stays at sea longer, pulls up more fish than any other fleet. Around

00:09:49.760 the world, Chinese vessels are routinely and aggressively entering national waters.

00:09:55.780 There's a bunch of them. There's one in the Atlantic off the coast of Brazil. I'm going to

00:10:02.180 fucked that up but it's off the east coast of south america and it's the same shit like they're

00:10:06.560 just outside of international waters they have like a mother ship and they're trawling and like

00:10:11.720 scraping the the bottom of the ocean and then sending it all back to china yeah just getting

00:10:16.940 everything like squid whales just it's it's trawling you know what i heard which does i

00:10:23.980 don't think people talk about enough but it kind of casts the correct light on our government is

00:10:29.140 that there's governments in south america where the coast guard just fucking shoots these boats

00:10:33.660 or just like lights them on fire and like executes the fishermen just fucking shoots them in the back

00:10:39.160 of the head and so and they've been getting away with it well i mean they've been getting away with

00:10:43.960 killing the fishermen and nobody seems to care so it's like why aren't we doing it well yeah because

00:10:47.980 if if it's done openly with the consent of the chinese government this does seem like some kind

00:10:55.460 of declaration of war because they're trying to completely terminate your food supply that's kind

00:11:01.240 of my point like if you went up against them with your coast guard and china made it an international

00:11:06.000 incident well then china is now casting a light on their own raping of the food supply right so

00:11:12.560 the point is is you can actually go out there and shoot these fishermen and china will say oh

00:11:17.060 i don't care they're not my fishermen except them they are they're there with the direct support of

00:11:21.860 the chinese state but it's plausible deniability if you went and fucking sank all those ships china

00:11:26.460 would be like what ships so i mean that's the thing with their navy too in the south china sea

00:11:30.860 they got all these ships out there we have no idea how many of them are navy how many of them

00:11:34.740 private the answer is they're probably all both you know it's funny because you know people like

00:11:39.780 us would say oh that means we have a license to kill no no no you misunderstand they have a license

00:11:44.580 to be killed yes like it doesn't need to be us if any if anything happens to those boats they're

00:11:50.460 non-entities they have a murder victim license yeah i have a license to be a murder victim

00:11:57.860 so before we get too uh deep into it even though i don't have a lot planned for this episode

00:12:08.080 we got some announcements to make uh i suppose the first one well the first one i'm just gonna

00:12:16.100 say we uploaded um the first 100 episodes of blood satellite to the gum road uh it's behind

00:12:26.960 the paywall that's five dollars a month uh to access that gum road to get access to those

00:12:32.400 episodes to get access to all like behind the scenes posts and updates and things like that

00:12:36.520 and in the future we're going to be launching a few more pieces of exclusive content behind there

00:12:41.220 related to that we're going to be starting more regular live streams so the next one

00:12:50.280 judas i believe you picked the date for this was it seventh this thursday oh you put me on the spot

00:12:56.000 it's next thursday so thursday the thursday the seventh okay so we're going to be doing these for

00:13:01.640 now um once a month i think let's do that for now um with the opportunity to expand in the future

00:13:11.440 we might be doing them so there'll be like three of these episodes one weekly and then the fourth

00:13:18.040 one will be the live stream and there'll be an audio version of that and that'll be free just

00:13:22.420 like everything you know everything's normal there um if this begins to kind of get some traction

00:13:28.720 we will just do more of them uh we already did one it was very very successful a lot of people

00:13:34.660 liked it uh it's going to be streamed live on odyssey it will be on youtube it will be on

00:13:42.580 twitter it will also be on telegram i believe and then um there's a fifth one i'm deciding on

00:13:51.840 we could go instagram because we have a very a nice enough instagram channel um at blood satellite

00:13:59.160 on instagram maybe i'll go you know i don't have a d live setup i don't have a kick setup but maybe

00:14:06.920 it's one of those i don't know um or tiktok maybe we'll talk about that we'll figure out what that

00:14:12.520 one is but it'll be where most of our listeners are for now and we'll you know might change that

00:14:18.940 around or expand in the future depending on the need so yeah that's i'm looking forward to that

00:14:24.680 that's going to be fun um and so yeah the idea there and jesus you can jump in correct me if

00:14:32.380 i'm wrong about any of this we're going to be taking the theme of the first live stream which

00:14:37.800 i really liked and to his credit judas actually came up with this because we're thinking okay

00:14:42.560 what are we going to do um to make it unique because the book reviews don't really work

00:14:48.100 live um there's quite a bit of editing that go into those to make it a bit more enjoyable to

00:14:54.620 the listener i'm cutting out a lot of page turning in there um but we're going to follow the theme of

00:15:00.880 the first one which was sort of an aesthetic a visual review a meme review and we're going to

00:15:06.080 be taking a look at the top memes circulating in our scene for that week or that month and we're

00:15:13.200 going to use that as a launching pad to discuss other things i'll probably circle back to a lot

00:15:17.220 other topics we've talked about before it's going to be very free-flowing we're going to be taking

00:15:21.000 submissions if people want to submit them uh with a donation on the live chat or they can contact us

00:15:27.920 we'll figure out the optimal way to do it but we're open to people who want to send interesting

00:15:34.080 things they found and that like the crazier and the weirder and the more bizarre the better

00:15:39.620 I like that idea. It got me excited in a way that hearing about Donald Trump did not make me excited.

00:15:49.700 No, correct.

00:15:51.000 You've heard about this, right? All the Trump stuff?

00:15:53.080 Yeah, it's predictable at this point. It's very rote.

00:15:58.540 Former U.S. President Donald Trump has come and gone from Atlanta, Georgia, surrendering himself at the Fulton County Jail, his fourth criminal indictment this year.

00:16:08.640 And this time, he could not avoid having his mugshot taken, a first for any former or sitting president.

00:16:15.940 He was arrested on 13 criminal charges, including racketeering and conspiracy to commit false statements,

00:16:22.540 accused of a conspiracy to try to overturn his loss in the 2020 presidential election.

00:16:28.580 You should be able to challenge an election. I thought the election was a rigged election, a stolen election.

00:16:33.840 And I should have every right to do that.

00:16:36.540 As you know, you have many people that you've been

00:16:38.440 watching over the years do the same thing, whether

00:16:40.580 it's Hillary Clinton or Stacey Abrams or many

00:16:43.320 others.

00:16:44.680 When you have that great freedom to challenge,

00:16:47.960 you have to be able to.

00:16:48.880 Otherwise, you're going to have very dishonest

00:16:50.360 elections.

00:16:50.920 What has taken place here is a travesty of justice.

00:16:54.160 We did nothing wrong.

00:16:55.120 I did nothing wrong.

00:16:56.560 And everybody knows that I've never had such

00:16:58.440 support.

00:16:59.640 And that goes with the other ones, too.

00:17:01.200 What they're doing is election interference.

00:17:03.100 They're trying to interfere with an election.

00:17:05.920 There's never been anything like it in our country before.

00:17:09.940 Some people got up in my grill for saying this, and I hear what they're saying when I would say that I don't really care and I should care.

00:17:23.360 And people are saying, you know, yeah, we're not we're not going to vote for him.

00:17:26.200 First of all, we are not going to vote for Trump, A, because we're Canadian.

00:17:30.160 in a sense though if if america is the core area of the western empire in a sense whoever

00:17:39.500 the american president is everybody's president but in a more real way i can't vote and second

00:17:45.880 of all we probably wouldn't i don't know um third of all i don't know like i just i look at this

00:17:54.120 and i should be excited i should because look a mug shot trump got arrested here's the trump

00:18:00.540 mug shot and they're saying this is going to be interesting that's what they're saying like we're

00:18:05.120 not going to vote for him we're not going to put our eggs in the trump basket however aren't you

00:18:10.140 excited to see what happens and maybe i'm too jaded but i look at this and i i don't make a

00:18:19.040 judgment on anyone who is excited i just i cannot describe to you the hole in my soul whenever i

00:18:25.780 think of of trump when it's like oh look at this i'm like it's blank dead-eyed i'm like okay that

00:18:32.280 barely registers this information and i wish it didn't because i should like it it's it's a big

00:18:37.020 silly ridiculous thing look what's happening i'm like i something about this doesn't work for me

00:18:43.880 what do you think you can't recapture what happened in 2016 i i remember being really

00:18:48.800 optimistic there was the thrill of it just being goofy and you know every we were all shocked that

00:18:53.660 he won um but then beyond that there was some genuine hope that this is an anti-establishment

00:18:59.700 candidate this is the guy that nobody expected to win and even if he does something even if he

00:19:04.880 doesn't do our thing he's gonna do something but i mean and i know there's a lot of guys who

00:19:08.860 disagree with me but like i think in the larger scheme of things he did he did kind of move the

00:19:13.860 needle in our direction a little bit but he didn't do even a fraction of what he said he was going to

00:19:18.340 do or like what we wanted him to do and it's like okay so we're probably going to get even less of

00:19:22.140 that even if he does win and it's all played out it's all played out and the other thing is is i

00:19:27.200 wouldn't put it past trump to um have been the one who brought the indictment against himself

00:19:33.400 not that he can do that but i mean this is essentially again like 2015 2016 they cannot

00:19:39.920 stop handing him w's by putting him in the spotlight like with the fulton county jail shit

00:19:45.400 like this is this is perfect marketing for his campaign yeah well look i'm looking at an article

00:19:51.500 right now on business insider which is barely even a website still the headline is trump raked in

00:19:59.100 9.4 million as his campaign sold tens of thousands of mugshot t-shirts and coffee mugs so just what

00:20:07.300 you made with lightning fast rapidity uh we saw like trump's mugshot was released and it seemed

00:20:15.860 there was already a t-shirt that went with it there was already a tweet there was already like

00:20:21.300 i like you could like i would i would believe if someone said yeah this was all planned i'm like

00:20:26.340 yeah probably like they already had the fucking merch ready to go no i think there's obviously

00:20:31.700 there's legitimate reasons that the dems would want to do this so it probably is them doing it

00:20:36.060 but i mean they i as my own i'm not a constitutional anything but my understanding is they're not

00:20:42.900 really supposed to be able to do this i think it's possible that the reason they're doing it

00:20:48.200 is because trump's letting them do it like they're like we want to do some stupid shit he probably

00:20:52.940 could just lawyer up and just not uh but he just went with it and he went with it because it's

00:20:59.020 again he's the the underdog he's the you know he's the one that the establishment hates and

00:21:04.340 that's why you should vote for him and he managed to get a cool looking mugshot which most people

00:21:08.820 don't get that was the coolest mugshot i have ever seen it's surreal yeah most people in mugshots

00:21:15.500 don't get a cool looking one um and like i i don't know like when i look at this people are

00:21:22.860 like well aren't you excited to see what he'll say not really because i like to your point i think

00:21:28.740 that's the whole angle here because what are his policies i remember i said this last time and some

00:21:33.680 people came out and said well here's his actual policy i'm like yeah but he doesn't have um he

00:21:38.720 doesn't have the hook and we're getting it into this uh when we talk about the misbehaving by

00:21:44.480 richard thaler and also geopolitical alpha um by marco poppick but you know the rule is that

00:21:51.400 most elections are swung um marco poppick was saying this in geopolitical alpha he said like

00:21:58.240 if you could actually map out an election election results um they tend to be swayed

00:22:04.500 and politicians know this by sort of what's called like the median voter like there is

00:22:11.060 money to be made by trying to take the temperature of the populist vote that's what kind of got trump

00:22:17.580 in um and there's this idea that the pop populism is useless and the people don't matter but

00:22:23.080 like if if you were to bet on trump by using this logic you would have made a trillion dollars by

00:22:29.000 betting on him a lot of people did a lot of people the entire market bet against trump the entire

00:22:33.700 market was wrong right so you know he was given like 0.1 percent the chance of winning but you

00:22:41.000 could predict it if you actually paid attention to the median the average voter and what the average

00:22:46.320 voter was concerned about and it's usually a single issue again i'm saying this and people

00:22:52.840 kind of get that um our side thinks it's about race kind of is uh he makes a case in the book

00:23:00.540 that i think is more correct that it's about globally globalization and globalism broadly

00:23:05.920 race is wrapped up in that but you know there's a lot of stuff wrapped up in globalization and

00:23:11.720 and the migrant crisis and and trade and everything like that so you know if you could look at how the

00:23:16.960 dems were ignoring that and most conservatives were ignoring that trump was the only guy addressing

00:23:21.620 concerns about globalism face on so same thing with the q movement it's like yeah that's that's

00:23:29.580 what he did and when i look at him now like i try and use that exact same frame now who is the median

00:23:37.720 voter probably the same type probably the same sort of middle america white person um where do

00:23:45.120 they like what's the issue of the day is it still globalism or is it something else and i'm asking

00:23:51.360 i'm asking you i guess too like what like what what's the story of this election because the

00:23:56.880 story of like trump versus biden there really wasn't one and i think that's why trump lost

00:24:00.480 it was a very confused campaign he was run but what's what's the thing that's like dominating

00:24:06.100 the zeitgeist right now i was never the right person to ask but i'm certainly not the right

00:24:10.920 person to ask now i would probably give you a pretty strong opinion um seven eight years ago

00:24:16.700 but right now i i don't have the first fucking clue i can tell you what i think is the most

00:24:20.480 important issue but if you're asking me what the median american voter thinks i have no idea i

00:24:24.820 really don't know i got you as a white guy like that that's kind of like it's housing right it's

00:24:31.280 housing it's housing and it's and it's jobs but like that's me as a as a mid-30s white canadian

00:24:38.840 guy i don't have any idea what's going on in like arizona so maybe the housing market's fine

00:24:44.940 i don't know you know i think a big issue would be and i think this is what trump is trying to

00:24:50.920 tap into and we'll see if he's right i think the thing everyone is concerned about maybe they

00:24:57.400 shouldn't be is media lies um i think when i hear the libs complain about the same thing

00:25:05.380 and like if you notice every political party right now all they talk about is misinformation

00:25:11.220 and if i look if i take the temperature of what's in the news right now our enemies and

00:25:17.760 the progressives and the libs their line is misinformation and they've repeated it ad

00:25:23.000 nauseam and it's since trump and that's why i think this is different than when trump was

00:25:27.260 elected when trump was elected it was you know people didn't trust the news generally but

00:25:31.580 i'm hearing we all know what happened after trump was elected they were saying disinformation is a

00:25:36.820 threat to democracy san antonio's jessica headley and i'm ryan wolf our greatest responsibility is

00:25:43.460 to serve our Treasure Valley communities.

00:25:45.400 The El Paso, Las Cruces communities.

00:25:47.300 Eastern Iowa communities.

00:25:48.840 Mid-Michigan communities.

00:25:50.280 We are extremely proud of the quality, balanced journalism

00:25:53.280 that CBS4 News produces.

00:25:55.400 But we are concerned about the trouble

00:25:57.340 and trying to be responsible, one-sided news stories

00:26:00.380 plaguing our country.

00:26:01.640 Plaguing our country.

00:26:02.900 The sharing of biased and false news

00:26:05.000 has become all too common on social media.

00:26:07.820 More alarming, some media outlets publish

00:26:10.080 these same fake stories without checking facts first.

00:26:13.300 the sharing of biased and false news has become all too common on social media

00:26:18.220 so that is the line that most democrats are going with and i think the exact same line with a

00:26:33.160 different phrasing and tone is coming from the right like if i had to think of what the conversation

00:26:38.100 dominating the zeitgeist right now is whether or not we think it's right or wrong it's the the

00:26:44.360 veracity of information generally who is lying and who is trying to because because lies and

00:26:51.180 misinformation are being talked about like violence so it's like who are the misinformers

00:26:56.080 and i think you're seeing a lot of candidates talk about that maybe not the conservative ones

00:27:00.960 but that fucking that indian guy whoever's talking about vivek what's his name ramaswamy

00:27:06.680 vivek ramaswamy yeah yeah again like a thing that i shouldn't be surprised by it's like can you

00:27:12.880 believe like yeah i can't i've seen this well you know what i did have the ultimate privilege

00:27:17.760 of two parents in the house with a focus on educational achievement and i want every kid

00:27:23.180 to enjoy that so part of the problem is we also have a federal government that pays single women

00:27:28.520 more not to have a man in the house than to have a man in the house contributing to an epidemic of

00:27:33.840 fatherlessness and i think that goes hand in glove with the education crisis as well because we have

00:27:39.040 to remember education starts with the family and the nuclear family is the greatest form of

00:27:43.840 governance known to mankind this is what happened in the uk yeah like this happened like five years

00:27:51.000 ago the the the for some reason a white man cannot be counted on to stand on a stage and say the

00:27:58.920 obvious so now like an indian guy has to get up there and like you're asking me that like i know

00:28:04.640 how this goes i can see where this goes like maybe this is the guy they're picking to get trump and

00:28:10.420 trump already fucking sucks so they'll be like well at least he's he's he's against wokeness

00:28:16.320 he's against their misinformation i'm like okay it's also it's weird how like the establishment

00:28:23.220 dissident guys like shapiro are all coming out and crowder coming out in favor of ramaswami

00:28:29.100 like i don't know what it is about election everyone turns retarded on elections which is

00:28:34.180 why i also think everything's fucking fake like if you're gonna if you're gonna look if if you're

00:28:38.720 gonna pick a candidate you're obviously gonna pick trump whether because you believe in him

00:28:43.040 or because democracy doesn't fucking matter and it's gonna be hilarious but like he's a fucking

00:28:48.340 indian i don't i just don't get it i don't get it any in like nothing that i've seen that he said

00:28:53.780 it's like okay so it's kind of in line with us but you know what it is the thing that bugs me

00:28:57.980 about about election season everybody forgets that it's election season you know what i mean

00:29:02.280 like people forget that they're politicians all of them trump included they'll all and rfk it's

00:29:07.220 like every people like like rfk is the gravitas of his voice because he has fucking lung cancer

00:29:11.740 some shit and suddenly he's trustworthy because he has a weird voice like none of these people

00:29:17.040 are trustworthy the fact that they're on the television set means you can't trust them so

00:29:22.460 all of them all of them every fucking one of them and like but no if they're not trustworthy unless

00:29:28.420 they're saying the thing you want to hear in which case they are trustworthy like what the

00:29:32.140 fuck is wrong with you people why are we watching this well this is kind of this is the feeling of

00:29:38.160 overwhelming apathy i got when a lot everyone i know when trump was he's on an interview with

00:29:44.260 tucker carlson and i like tucker carlson but he's there and he's making his little remarks his little

00:29:50.300 pithy quips and i mean first of all trump looks old very very old he looks like an old man he

00:29:57.480 didn't look like an old man before even though he was an old man when he ran first time but he

00:30:00.900 looks in almost 10 years since the last campaign so exactly so he looks a bit more tired a bit

00:30:05.380 weaker a bit more haggard so that's not there his his real that that one policy i was talking about

00:30:12.820 that one you know sucker punch to the system isn't there and all the people i know are like he's back

00:30:21.240 the king is back back to take his crown and they're looking at me like is aren't you excited

00:30:26.020 like no like you can't like if you tell me you'll never guess what trump said i bet he makes a name

00:30:32.600 for someone i don't i don't know like i feel i wish i wasn't i wish i could get as excited about

00:30:38.160 this as everyone else i also remember how he fucked people over maybe that's why my my hindsight is so

00:30:46.160 covered in sewage color but i'm like yeah you remember how he left the jan six people hung out

00:30:51.800 to dry jancy i don't you don't even need to talk about anything else you don't have to talk about

00:30:56.040 anything else jan six alone he he did nothing he did fucking nothing for the guys in jan six so

00:31:01.520 and there's all kinds of other examples like that it's like well no he can't do everything no

00:31:05.840 he can do something and they're like he didn't do he literally did nothing where it mattered

00:31:10.700 so yeah he left his most loyal people out to fucking swing in the wind and i don't think

00:31:17.040 you walk away from that that's me like maybe i'm getting too emotionally invested in this but i'm

00:31:22.520 like that's a scumbag move if people shouldn't follow you for that reason look look what the

00:31:29.540 people loyal to you suffered no one should be loyal to no one should be hat don't give them

00:31:35.260 the fucking attention and he's he's running on now by saying like oh if i get elected i'll help

00:31:40.340 them too fucking late faggot you were still president when this happened yeah another great

00:31:45.540 one that i love is look at the list of names that he pardoned when he left office julian assange

00:31:50.960 not on that list right but uh all kinds of fucking uh jewish bankers and like fucking rapists and

00:31:57.660 people were who then apparently just went on to commit the exact same crime within 18 months

00:32:02.840 so yeah i mean again that isn't abnormal every president ever has done that exact thing like

00:32:10.320 not you're not pardoning the innocent you're pardoning your friends who are horrible criminals

00:32:14.280 so like trump all i'm saying is like i'm not saying trump's worse than biden trump's way

00:32:19.140 better than most other politicians he's still a fucking politician man don't trust him yeah we

00:32:24.760 elected we again we not me right but you know they elected someone who was supposed to be abnormal

00:32:31.380 and he was not abnormal you know what i i watch what it is no you just put a point on it right

00:32:36.760 there when he would the excitement in 2016 was like wow this wasn't supposed to happen he this

00:32:41.920 is even if people who believe democracy's fake and gay thought this was an accident it's a mistake

00:32:47.840 it's all off the rails trump's not supposed to be there this is this is exciting and it turns out

00:32:52.640 no it's all still the same theater it's the same type of entertainment still trump was essentially

00:32:57.660 meant to be there he's still playing by the same internal rules that they all play by so like no

00:33:02.060 there's nothing to see here man it's just the same shit you know what it is it's marketing they found

00:33:06.260 a way with trump they found a way to get us excited about elections again but i'm not fucking

00:33:11.540 i'm not falling for it again let me fucking roll up he got me the chicken chips again

00:33:15.180 fuck you know i saw and i guess this is good to put a pin on this i shared a video uh in the chat

00:33:26.760 i think you you saw it it was brett weinstein and he was on some podcast and i'll summarize the

00:33:33.760 video quickly for those who didn't see it which is most people um he was talking about jeffrey

00:33:39.100 epstein and a lot of people don't like eric weinstein for various reasons um he said more

00:33:46.120 things that i like than things i dislike so that's kind of how i approach him and he's one of the few

00:33:52.760 guys who we might even call a lib who is still being the drum loudly about jeffrey epstein and

00:34:00.780 i liked his take on epstein um and he said in in a very you know a way that's very true to his

00:34:08.040 character which is that jeffrey epstein was a construct uh jet like there was this entity that

00:34:14.400 the system creates that this guy named jeffrey epstein occupied oh so you think he was a plunt

00:34:21.200 no i think he was a construct what's that okay you're gonna have to dig in i think

00:34:26.080 jeffrey epstein super genius financier was not a thing that existed where did the money come from

00:34:39.120 you're gonna mumble lex wexner okay so that's what you mumble but then you know there's this

00:34:46.640 missing fortune of robert maxwell and this fortune of jeffrey epstein that we don't can't explain are

00:34:52.800 those the same fortune you know it's like a conservation of uh of money principle that if

00:34:58.160 you have a fortune that's missing and you have a fortune that can't be explained and they're

00:35:02.160 connected by gillane maxwell i don't know i why is it that no hedge funds what is it they file

00:35:11.680 form i forget if it's 13f there's certain forms that you have to file

00:35:16.580 um nobody's ever asked for these things where who's his prime broker where

00:35:22.260 has somebody gone over the prime brokerage uh his what are his trades he would have to move

00:35:28.200 the market if he was you know doing a yard of euros or swiss francs or who knows what

00:35:32.760 as like a billion um that would move the market so there's no way you can fake retroactively a hedge

00:35:40.380 fund of immeasurable size that trades currencies i i don't think he was a currency trader he told

00:35:47.680 me it was a currency trader so when you say a construct who constructs who's the builder

00:35:52.560 i don't know i would imagine some version of the intelligence community he was telling a story

00:35:59.160 about how he met jeffrey epstein and a lot of people met jeffrey epstein and he had this line

00:36:04.500 that i love it was that jeffrey epstein was like like a movie version of a guy with like a nine

00:36:12.180 figure net worth and he says guys were worth nine figures they don't actually behave like that like

00:36:18.380 these really rich guys they don't behave like the guy who buys islands and he used the island as an

00:36:23.940 example he's like most rich people don't buy island because it's everyone thinks about it

00:36:28.480 very few people do it islands are hard to maintain they just seem like a strange luxury

00:36:33.580 a lot of the people at that level are actually very fastidious and very hyper focused on their

00:36:40.680 you know ledgers so it's like something just spending frivolously doesn't really occur to

00:36:46.020 actually the actual financier people like rock stars do that but like the guys who are in finance

00:36:51.060 like they they'll get nice things but they won't live like a fucking insane bond villain retard

00:36:56.280 which he was and he's like when you're in his presence you get this sense that he kept saying

00:37:01.580 he was a currency trader but he didn't behave like a currency trader he didn't talk like one

00:37:05.460 so he's like okay well this he was serving some kind of function for the american intelligence

00:37:11.580 apparatus like there's this he said like jeffrey epstein is like a guy who occupies this space

00:37:17.120 who is tasked with like getting information on people he had this line that i loved again it was

00:37:25.360 you know you've heard this before but jeffrey epstein he wasn't selling sex he was selling

00:37:29.520 silence he was selling the the silence from whatever sex you were going after that was the

00:37:36.040 broker because he said rich people get sex whenever they want they can't get the silence

00:37:40.100 and that's where like the pedophilia comes in that's like the really crazy fucking fetishes

00:37:44.440 where you either hunt women or you want women hunt you whatever it is in the woods he could he

00:37:50.440 could promise that silence but you also have to be like kind of a mafia boss about it which is what

00:37:55.320 he was but he's like you know it's very obvious that jeffrey epstein was in bed with the security

00:38:01.240 state with the american intelligence apparatus he's like that so he was just like a function

00:38:05.920 of the system that this one guy occupied there wasn't really a jeffrey epstein it was just like

00:38:09.860 this guy who was like just a fucking weird guy and when we covered um strange scenes inside the

00:38:17.640 canyon and we talked about the 1960s and the cia's um you know engagement with the hippie

00:38:24.120 counterculture and it's kind of it's that the cia's love of bringing in rock stars and people

00:38:31.200 who want to be celebrities because it turns out that the types of minds who want to be famous

00:38:35.540 also want to be spies they think it's cool like alistair crowley was like in the pocket of the

00:38:41.540 cia for quite some time um so he's like yeah you can actually just get these fucking egotistical

00:38:47.500 assholes pretty easy as long as you give them a kind of turn a blind eye to whatever they're doing

00:38:53.340 especially if they're doing something for you so anyway his idea was like there's always

00:38:58.260 jeffrey epstein was killed but there's always going to be a jeffrey epstein and it's like

00:39:03.660 no matter who you elect you can't elect this is the deep state argument again but it's like you

00:39:08.900 you're never going to elect someone who can make it so that these scumbags aren't pardoned when

00:39:15.060 they leave office like julian assange is never going to be pardoned it's always going to be

00:39:18.980 some fucking slimy scumbag you never heard of yeah that that got out that's they're just these

00:39:25.720 constructs they need to be let out because the system needs them to get let out and the

00:39:29.780 and then you wonder like let's let's elect an abnormal guy to behave abnormally and he just

00:39:34.500 doesn't say well like maybe maybe julian assange is the marker like if julian assange isn't pardoned

00:39:41.380 then no one's a cool rebel no one's a dark horse candidate i don't even care what people think

00:39:47.880 about julian assange his behavior or his whatever but like that'll be the marker anyway and he had

00:39:55.240 this other line that i like um he said jeffrey epstein was like a pre-internet construct that

00:40:00.520 couldn't exist in an internet world like jeffrey what he was doing was okay in the 90s because he

00:40:05.720 was like thriving in the 90s right you can do what he was doing more openly in the 90s but then

00:40:10.760 just the proliferation of social media and the proliferation of like all these eyes everywhere

00:40:16.640 like he was eventually he couldn't be ignored anymore it must be very unfortunate in some

00:40:23.860 regards for whoever it was if that's true that was in charge of this construction uh that it

00:40:30.980 became that people got t-shirts with his name printed on them this was already going wrong

00:40:36.480 in the early 2000s you see my sense of this is that this was a pre-internet plan that lived into

00:40:46.060 the internet age and couldn't survive contact with the internet age what did the internet bring

00:40:51.280 in that didn't allow it to survive eyeballs discussion level of surveillance well you know

00:40:56.220 there's a claim that nobody cares about jeffrey epstein because it's this many years later and

00:41:00.740 we've all moved on yeah that's completely untrue and we know that it's true because if you start

00:41:07.400 talking about jeffrey epstein the the engagement goes up you have to be a lot more quiet with it

00:41:13.320 now or at the very least you have to have a huge like censorship apparatus to keep it quiet

00:41:17.920 yeah the way that he was playing it where there was like by the time the internet rolled around

00:41:22.440 he already had how many fucking lawsuits for pedophilia against him so yeah you can't ignore

00:41:28.120 it anymore i mentioned you before i'm actually broadcasting from the basement right now

00:41:33.660 was there a ghost or was it a spider like what did you see my eyes are trained on the corners

00:41:40.560 and that's just me you know guys never grow out of being a kid so i'm half expecting to see from

00:41:47.860 behind the furnace yes some shadowy we are not cursed we are not cursed there's a pile of toilet

00:41:55.380 paper here i bought a bunch of toilet paper excellent oh good on sale i never we never

00:42:01.220 broke from that covid because my entire life i wanted to be a guy with a stockpile of food

00:42:06.780 and COVID brought my wife up to my level

00:42:10.000 where like, okay, we need a stockpile now.

00:42:12.180 And thankfully we never changed.

00:42:14.160 So we've got like a year's worth of toilet paper.

00:42:17.300 Good.

00:42:18.300 The problem is we buy a bunch of toilet paper.

00:42:21.080 Sometimes people make comments, you know,

00:42:23.240 toilet paper, a stack of it

00:42:25.520 isn't what you want to be walking

00:42:26.940 out of the grocery store with.

00:42:28.680 Someone makes a comment.

00:42:29.760 Oh, all stocked up.

00:42:32.340 You know.

00:42:32.980 oh here's a guy here's a guy who's always he's always taking these wicked dumps

00:42:42.040 you know making little comments to me a little someone's gonna take a wicked dump later

00:42:47.380 and then me you know i go the other direction too hard say i don't shit

00:42:52.380 no it's for a friend yeah i'm walking down in these streets telling a dilly of a liar's pickle

00:43:01.760 talking like i don't shit when we get the bs compound the first thing we got to build is a

00:43:07.220 great big underground cellar and like a shipping container and fill it with old dried meat and

00:43:13.460 toilet paper and ammunition it's gonna be great can you store ammunition with food or is there

00:43:19.300 a rule against that yeah i think that uh you put your your kielbasa in the cosmoline with the

00:43:27.000 seven six twos and they keep each other company why not why wouldn't you i mean i'm joking like

00:43:33.520 together but you mean like in the same room i don't think it would make a difference in any

00:43:37.580 case you want it to be cool and dry and dark which is good for ammo and for food so if i

00:43:42.440 store everything like a cartel so everything's in like drums of ky jelly it's like welded shut

00:43:49.120 yes so there's so much kielbasa in this lube and you know what i never looked into that i bet

00:43:58.520 i i wonder so probably somebody can tell us in the chat or somebody listening but like you buy

00:44:04.880 ammunition now it's uh it's in like cardboard boxes because you're going to use it right but

00:44:09.840 like if you buy surplus ammo it's sealed in a tin it literally literally like a sardine tin it even

00:44:15.160 has the same twist top on it to take to take it out of the so like could you could you tin your

00:44:20.920 own ammo could you buy like you know a thousand rounds of federal and then and then can it yourself

00:44:27.120 like literally really i don't know i'm serious i i know it's it's a practical thing that just

00:44:32.780 i laughed i laughed at i don't know why it just sounds funny just canning canning your own ammo

00:44:37.240 i think my wife was making that joke in the chat the other day that specific joke we're talking

00:44:42.660 about canning we're talking was it talking and i forget i don't remember the contest i never i

00:44:48.560 never read we're you know i made this comment before i don't think i ever made it on the show

00:44:53.780 the reason we cover this many books and this many articles and whatnot is to take that burden off of

00:45:00.900 the listener we are staunchly anti-reading on this show yeah you don't need to read buddy it's okay

00:45:06.040 i linked you to this someone just sent this in the chat this is an article called on my cast

00:45:15.100 yeah i read that that's so weird okay so this is from a site i didn't get the context of this but

00:45:23.620 it seems like it's from like the university of toronto um see toronto.edu it's by a guy named

00:45:33.260 kuldeep meal associate professor yeah university toronto department of computer science so this

00:45:38.720 guy wrote a blog post that granted me some insight into the indian way of things it's hard to say

00:45:49.420 so i'm going to explain this article here it's called on my cast um he says right away it's

00:45:57.680 hilarious allow me to introduce you to one of the largest population groups in india as recognized

00:46:04.820 by the constitution of india and just to prelude this this he's talking about his caste right

00:46:12.740 he's talking about this caste of indians that he belongs to that a lot of people might not know

00:46:18.480 about the official name is other backward classes called the obc category and i looked this up on

00:46:28.500 wikipedia and it's an official type of guy you can be so other backwards class other backward class

00:46:37.820 is a collective term used by the government of india to classify castes which are educationally

00:46:43.340 or socially backward is one of the several official classifications of the population of

00:46:49.000 india so this guy toronto university of toronto professor university of toronto is a very

00:46:56.200 prestigious school by the way and being a professor there is not easy this guy was

00:47:01.060 categorized officially retarded by the government and this entire article is him coming out

00:47:10.540 as as this cast because he was coming out as a retard he's coming out as an indian retard

00:47:16.980 he says obcs are estimated to compromise 40 to 50 40 to 45 percent of india's population

00:47:24.220 yeah so again let's pause none of you knew this i bet i learned this for the first time

00:47:30.900 the indian government says 45 percent of its population are uneducated backwards assholes

00:47:38.560 Also, I don't think this is the lowest caste.

00:47:41.300 Oh, no.

00:47:42.040 I think there are lower castes than this, but this is already quite far down.

00:47:46.060 This is the lower middle of the human castes, because they have Indians who are animals in this system.

00:47:53.100 So it says, therefore, there are about 500 million people.

00:47:58.380 Therefore, about 500 million people belong to OBC category.

00:48:02.060 In other words, one in 16 people in the world belongs to the OBC category.

00:48:06.060 as you might have already guessed

00:48:08.140 OBCs have historically been

00:48:09.580 socioeconomically disadvantaged

00:48:11.380 oh my god

00:48:12.940 there are 20 times more

00:48:15.820 OBCs alive than there are

00:48:17.880 citizens in our country

00:48:19.420 yes

00:48:20.560 for every one Canadian

00:48:23.240 there are 20 OBCs on earth

00:48:26.140 and then it's like

00:48:27.500 we're letting them all

00:48:30.060 just line up to come in

00:48:31.680 thank you for saying that

00:48:34.020 I'm not really

00:48:35.360 underscore this right now there are more retarded indians than there are americans

00:48:42.860 right now period by a factor of two yeah and i'm including everyone in america right now

00:48:49.600 not saying more indians than americans we're saying more retarded indians than americans

00:48:55.040 for in for more of them that the indian government says don't even bother yes it's written into their

00:49:02.600 constitution just don't even make eye contact with these guys there's half a billion of them

00:49:07.520 can you imagine if the american constitution had that about like yeah 45 percent of america

00:49:13.760 is functionally useless just throw them in the ocean

00:49:18.280 um and here's the kicker in paragraph two it is perhaps appropriate to address the elephant in

00:49:27.660 the room i belong to obc category also he seems to switch between obc category and the obc category

00:49:37.600 yeah because he's illiterate because he's part of the 45 right few this was not as hard as i

00:49:45.240 anticipated typically and here you go typically one surname is a giveaway and most indians can

00:49:51.280 reasonably identify someone's cast based on last name fortunately my last name is rather uncommon

00:49:56.820 in and in such scenarios often gets the benefit of the doubt and therefore very few people have

00:50:01.840 been aware so it's a very talmudic way of going about he slipped by and he's using this blog to

00:50:09.340 complain that a claim there are at most five tenure track faculty who belong to the obc category

00:50:15.980 amongst all the faculty he's kind of complaining that there's not enough of him in the faculty

00:50:21.820 mm-hmm here's the summary there's exactly one out of 180 cs computer science faculty members

00:50:29.360 across five ii iits who belong to the ovc category and you know it's been a lonely he ends up by

00:50:36.440 saying it's been a lonely road for far too long so have you considered have you considered that

00:50:42.460 maybe the reason there's so few of you is because the indian government is right and you're actually

00:50:47.800 mostly retarded did that ever cross your mind yes is is it is perhaps that the official government

00:50:54.240 designation is accurate yeah and i just think this is such a great illumination of like the

00:51:03.560 indian mind because like you see this argument this is the primary argument from from indians

00:51:10.580 in the same sense that so many jews are they hesitant about seeing white people with too much

00:51:19.040 confidence that just bugs them they have like almost uh a preternatural like a biological drive

00:51:25.460 to stamp out european confidence there is similarly this biological drive in indians

00:51:32.900 to just bring in as many indians as possible that's his entire post is like you know what

00:51:38.820 i might be a retarded indian but why isn't there more of me that that's all he's saying here and

00:51:44.960 this is a professor at the university of toronto he says in the in the vlog he says uh i had often

00:51:50.760 thought about this but like i wanted to wait until i got tenure because once i have tenure i'm

00:51:56.340 protected because i was where i'm worried about letter writers and worried about other indians

00:52:00.020 within the faculty well there's something else that happened at the same time that he got tenure

00:52:03.840 he only got tenure four weeks ago and he got tenure at u of t but he wasn't teaching at u of t

00:52:10.140 five weeks ago five weeks ago he was in singapore and he had been there for almost 10 years

00:52:14.800 he just arrived in toronto he just fucking got here and the first thing that he does is he writes

00:52:20.500 a blog post at u of t about how there aren't enough indians isn't that weird again he's saying

00:52:25.080 this is just because he only got he only just got tenure but the other thing that happened at the

00:52:28.880 same time is now you're in a white country and singapore doesn't doesn't stand for this shit as

00:52:33.500 far as i know so singapore has got like their big thing is caning you'll get caned for any

00:52:39.740 thing in singapore yeah especially if you're a fucking rapist like this guy probably is

00:52:44.520 yeah especially if you're a 45 percenter like he is 45 percenter yeah i wanted did you see this

00:52:52.760 other link i sent you i thought i just wanted to show you i've seen them all the london medieval

00:52:58.200 murder map yes i just wanted to go through this a second i thought we could just have some fun here

00:53:05.340 yeah we're just having some fun on this show so this is called london medieval murder map

00:53:12.880 uh it says it's like an interactive google type map with a map of london from the 1500s uh

00:53:21.640 braun and hogenberg circa 1560 and every pin on this map is a reported murder at the time

00:53:31.540 or a death and i just wanted to take a tour on the types of murders you could expect from the

00:53:37.600 1500s just just to clarify the the map is between 1300 and 1340 but the sorry the the the physical

00:53:45.340 hard to explain it the drawn map like the paper map that you see superimposed is from 1560 but

00:53:51.140 the crime statistics are from the year 1300 to 1340 ah yes so there's a mismatch yeah

00:53:56.840 here we go uh malicious servant opens fire on a packed crowd

00:54:03.880 um here's i had to look into this one just to confirm and this is the headline

00:54:10.980 cripple gate cobbler boots city messenger into eternity

00:54:15.660 yes oh man that's an episode title that's fucking good they all i can say is they knew what they

00:54:26.300 were doing yeah can you imagine how much there's got to be a correlation between how functional

00:54:33.200 society is and how they treat crime like this but there was a real maybe call it editorialization

00:54:39.840 but it felt more true a deadly dispute between a servant and a priest

00:54:46.120 i got robert of portsmouth kills his wife with a staff

00:54:51.360 damn bread street baker dies after altercation first of all a baker living on bread street

00:55:01.860 you don't get that anymore of course everything made sense back then

00:55:07.380 um man left for dead after street incidents like it doesn't even matter what it was what

00:55:17.120 it was boys being boys yeah yeah um also one thing i noticed here a deadly fight between

00:55:25.000 members of the fishmonger guild and the skinner guild yes this is what i was going to get to

00:55:29.860 there's a lot of guild fights yeah that was so cool and that like i really went down a rabbit

00:55:35.980 hole with that like all these like they're like gangs this is like gangs new york type stuff

00:55:40.880 yeah um brutal murder of brother henry of ireland by a fellow monk damn when's the last time you

00:55:49.660 heard of a monk on monk crime well they're irish so oh yeah it's true murder of thomas of malsbury

00:55:57.700 an old man

00:55:59.020 the only

00:56:01.940 the only information of note

00:56:04.180 was like this guy was pretty old

00:56:06.520 he's old anyway

00:56:07.580 I like this one

00:56:11.000 angry shop owner smashes the head

00:56:13.860 of a night time troublemaker

00:56:15.340 now these are just

00:56:19.820 incidents of murders we don't even know

00:56:21.940 if these were particular crimes

00:56:24.180 like that could have been

00:56:26.180 just hey this happened

00:56:27.600 but yeah he's not in jail i got one sounds like a guy richie movie it's a murder committed by men

00:56:33.220 who break into prison yes they broke into prison and committed a murder

00:56:39.900 uh oh cat purses killer confesses and absconds

00:56:49.020 what so like he killed someone and then confessed and then got away with it

00:56:55.000 He just confessed and then ran out of the police station.

00:57:01.620 What the fuck?

00:57:02.540 I like this one.

00:57:04.620 Wounded Taylor staggers to house where he dies.

00:57:09.600 That doesn't even sound like a murder.

00:57:10.840 That's just a thing that, more of a comment, really.

00:57:15.660 Oh, shit.

00:57:16.360 Woman dies from kicks in her underbelly.

00:57:20.140 Her underbelly?

00:57:22.280 I didn't know humans had underbellies.

00:57:25.000 It sounds like you're describing something that happens to a dog.

00:57:28.540 Yeah, exactly.

00:57:30.400 This is a very low-key way of calling her a bitch.

00:57:33.860 She was molested in her hindquarters.

00:57:38.880 Oh, here's this one.

00:57:41.560 Adolescent seeks sanctuary after killing his father's adversary.

00:57:47.880 Nice.

00:57:48.620 That just sounds cool.

00:57:50.060 Yeah.

00:57:52.220 I like this one.

00:57:53.220 cloth worker killed by fishmonger's boy there's a lot of kids killing adults back here yeah

00:58:00.980 that's one thing i noticed london sounded like it was cool 800 years ago just walking just from

00:58:07.280 what i'm surveying here it just seems full of life yeah i looked at the statistics on murder weapon

00:58:14.820 and it was like 40 long knives and like 30 small knives and then uh like two percent axes i'm like

00:58:23.200 That sounds pretty much like modern London, actually.

00:58:25.980 It's like the same.

00:58:26.940 The more things change, the more they stay the same.

00:58:31.280 A small boy caught stealing dies after being smacked.

00:58:37.240 That's not a murder?

00:58:38.780 Is that a murder?

00:58:40.300 Stealing dies after being smacked?

00:58:43.180 It just sounds like a kid stole something.

00:58:45.540 Yeah, but then the kid got smacked, and then the kid died, I suppose.

00:58:49.580 Oh, he got smacked for...

00:58:51.140 Okay, all right.

00:58:51.940 Smacked to death.

00:58:53.840 Smacked to death.

00:58:55.460 Boy stabs Brewer after theft of women's clothing.

00:58:58.840 Again, pulled right from the headlines in modern London.

00:59:02.320 They had trannies back then.

00:59:06.200 Anyway, I just wanted to go through that.

00:59:08.460 I just had a whale of a time.

00:59:10.600 I got a last one here.

00:59:11.460 Death's door slams on gatekeeper Alan of Sheffield.

00:59:15.760 See, even back then they had journalists who were a little too pleased with their clever titles.

00:59:20.980 Yeah, yeah.

00:59:21.940 You can tell which reporters have a manuscript they're polishing up underneath the desk.

00:59:30.760 I found a couple of interesting articles before we get into what is going to be a continuation, most likely, of the modern monetary theory debate.

00:59:44.120 And I might have the drop on you this time because if people can't tell, Judas is sick.

00:59:49.680 Shit.

00:59:50.240 and this will count for i think the 17th time this year you've been sick i'm always sick man

00:59:58.660 i'm fucking ill let me ask you this so you're getting sick from according to you your filthy

01:00:05.820 filthy children dirty dirty kids can you recommend anything to people like myself who would want to

01:00:13.280 avoid this fate is it is there anything possible lock your kids in a tall tower and never touch

01:00:20.160 never touch them okay well this actually goes because i've been telling dimes child also we're

01:00:26.200 debating calling him nickels for the show let me know how that goes i've been introducing the idea

01:00:33.560 that we're going to move into a lighthouse where the entire interior is red curtain so you know how

01:00:39.620 kids will have memories and they won't know where they got those memories from it's not it's not

01:00:44.980 even like a memory more of a mood or a recurring dream or a vision so i think as he ages he's going

01:00:52.760 to be one might say haunted by this image of being lost in a lighthouse with red blood red curtain on

01:01:00.620 inside um you get nothing this is a big gay op surely help me help me nigga i was reading

01:01:18.400 this article that this is one of those things that really give me pause there's two things

01:01:25.660 that i think go together and they might sound like a bit of a stretch but i'm gonna put them

01:01:31.960 back to back anyway this is an article i read uh called microplastics on the brain

01:01:39.140 it's about a new study that finds microplastics infiltrate all systems of body and cause

01:01:45.540 behavioral changes now this is something that kind of gets you know passed around in our scene

01:01:51.600 i don't think it's unique to our political sector i think everyone kind of knows about plastics and

01:02:01.220 plastics are a problem let me ask you this i have this problem with my in-laws

01:02:07.760 and it's an ongoing war and i don't know how to address it we might just need to not go over to

01:02:14.620 their place anymore but they will be using the same like shitty plastic containers as food storage

01:02:21.720 for years like takeout takeout containers yeah containers that are designed oh takeout no that's

01:02:26.500 fucking disgusting they'll they'll do that but like if you have a piece of cutlery or a pan with

01:02:31.240 the slightest amount of rust they'll throw it away even though you can actually fix that but

01:02:36.200 the plastic that's shedding into your food as you eat you can't see and so it's not a problem to them

01:02:41.000 yeah no it's fucking crazy yeah and then i'll say to them i don't know how this got to be a

01:02:47.680 conspiracy theory guy thing but you'll say you know plastics bathroom like yeah i know i know

01:02:53.400 i know you know but like no but really like it's killing you like it's leech and you're the types

01:03:00.560 of people like you're old you should care about this like you just you guys think and again i

01:03:06.620 don't want to give a rant on this again but i was noticing that mitch mcconnell is in the news again

01:03:12.540 for completely blanking on in front of the tv cameras yeah and you know there's the i read

01:03:21.700 another article that was saying that you know this is sort of like an insider leak thing but

01:03:26.800 they're saying that a pharmacist in dc uh came forward and said he has been has he has been

01:03:32.360 prescribing alzheimer's medication for you know senators and congresspeople and this article is

01:03:38.220 like 2017 like you said it best i really want to bring this up again the line you had was

01:03:45.720 they're not going to pass the torch so you need to take the torch like there's something in this

01:03:51.120 generation specifically where it's like a combination it's a hybridization of secretly

01:03:58.500 thinking they're gonna live forever but also thinking that they don't need to do anything

01:04:04.880 about like retirement like when you see these old politicians they go until their brains melt out of

01:04:12.040 their nose and then you know they'll they'll pass it off to their kids when they're forced to

01:04:17.460 but it's like there's you seem to have no plan in place at all for this eventuality like do any of

01:04:25.420 you have a retirement plan no you just hang on i'm like i'm not saying this from a position of

01:04:30.120 give me the position give me the money but i'm like you guys seem to not have a plan of like

01:04:35.160 any sort of succession period you you really think you're going to be doing this forever it seems

01:04:41.620 and that blows my fucking mind we're kind of blending two things we're talking about um like

01:04:46.620 congressmen and senators being too old but you're also kind of talking about the boomers handing

01:04:51.040 over you know the estate and whatever else and as much as also not really taking their health

01:04:57.160 seriously they'll take pills their doctor tell them but like nothing else but then so as much

01:05:03.260 as i think that is definitely true it seems like it was probably also at least a little bit true

01:05:09.240 in previous generations but i think maybe even a larger thing is that our generation isn't stepping

01:05:14.140 up and taking the torch like their critique of us as being weak you know adult grown children

01:05:21.340 is kind of true actually like i was remarking the other day we were talking about the the very old

01:05:28.580 senators and congressmen and you were even saying about joe biden that like they kind of arrested

01:05:32.700 him arrested they elected him as a uh as a as like a call barrow throwback to the good old days like

01:05:39.640 in 19 late 1980s joe who was such a firebrand because the thing is there's no current 1980s

01:05:45.960 joe and that's our generation like gen x and millennials don't have there aren't there's

01:05:50.680 nothing like the 30 and 40 year old politicians of the 1970s and 80s who were all over the

01:05:57.260 fucking map you know i mean even even look at trudeau senior and trudeau junior compare the

01:06:01.580 two of them right like the younger trudeau is an absolute wet blanket and probably gay

01:06:07.320 And the elder was a philandering, rude, lunatic, like calling in the army.

01:06:13.540 So, I mean, there is a generational change.

01:06:17.240 And you know what?

01:06:18.000 You know what?

01:06:18.860 I'll bet you it does actually tie back to microplastics, whether microplastics or endocrine

01:06:25.140 disruptors or something.

01:06:26.560 But I think there is actually a physiological difference in our generation that prevents

01:06:34.040 us from stepping up.

01:06:37.320 Yeah. And what I don't want to do is engage in the same intergenerational warfare that we've been seeing. I saw a video just today that was being passed around in our chat about this Australian guy. I don't know his name, but he was giving a message to Zoomers and he was saying that Zoomers often will complain to him that they don't know how to make friendships.

01:07:02.560 but they do but they don't know how to make deep friendships according to him they come to him and

01:07:07.460 they say i don't know how to connect with people on a deeper level and the one thing he always

01:07:12.120 comes back to and it sounds very easy but it's true it's the phone it's that they were raised

01:07:19.000 with this smart phone because i've noticed this a lot of people are always saying to me i can't

01:07:24.720 make connections anymore you know what i realize it's because everybody is zubers and so you're

01:07:28.200 all just a bunch of detached scared little dogs and with like the the kind of chihuahua ones the

01:07:33.940 paris hilton's chihuahua in a bag that's what i imagine when i think of gen z people are always

01:07:39.620 saved to me now because they say i feel lonely and then i say here's how you make friends and

01:07:43.600 they say no i can make friends and then i say can you and they yeah and then they're talking about

01:07:49.160 i want to be able to make deeper connections with people because i feel like a lot of the

01:07:53.320 connections that i have are very surface level let me just say this zoomers that's a you problem

01:07:58.060 that really is that is not what we experienced growing up we had deep connections and i blame

01:08:04.660 phones as always i don't know where to draw the line of culpability because in one hand

01:08:11.280 like it's someone else in the chat um actually it wasn't the chat it was somewhere else yeah

01:08:18.680 it was on twitter somewhere it was some guy and he was saying like you know this young generation

01:08:23.340 these millennials they expect the their parents and their grandparents to like move in and help

01:08:30.020 take care of the kids for them but when i was young my grandparents never came by we would go

01:08:34.620 to visit them but the idea he was saying that the idea that you would expect your parents or even

01:08:39.080 your grandparents to raise your kids is kind of a new thing and i can see that i guess but this is

01:08:46.760 where like we spend so long in these spaces arguing about how generations past did it and

01:08:53.060 what was normal and no one really knows you'd have to get inside their heads in a sense i i would say

01:08:59.980 the the large number of people are very confused about it but i would not hazard to say that nobody

01:09:06.420 knows i think we have a pretty a pretty solid historical record of what things actually you

01:09:11.500 know how things actually looked over the past thousand years of western civilization and it's

01:09:15.880 pretty conclusive that you did have a lot of intergenerational families not as a rule but you

01:09:21.800 would never be able to say historically that it just didn't happen no it happened a lot probably

01:09:27.440 was the majority of families over the past thousand years a fair majority i will say what i said to him

01:09:32.960 on twitter was he was telling the story like when i was young you know my my grandparents they had

01:09:38.020 12 kids and 45 grandkids they lived up on a farm and we would go to visit them and they never ever

01:09:45.340 came down to see us or attend family events and i said okay like they never went to a family event

01:09:52.520 your entire life that's kind of fucking weird that is abnormal but even if it but even if it

01:09:57.140 was like you said it's abnormal it's anecdotal so now you're saying you're you're on the one hand

01:10:02.200 saying this is what happened to me and therefore this is what is good and has always happened

01:10:07.300 throughout history like the fuck are you talking about you were raised in the in the post-war

01:10:11.520 bubble right let's talk about your grandparents what happened between them and their grandparents

01:10:16.900 i'll bet you anything their grandparents helped raise them because that was the that was the

01:10:21.880 historical norm again not that it always happened but like say flip a coin 50 50 do we even get 50

01:10:27.000 50 here no we don't and this is the problem this is kind of what i was getting to which is that

01:10:32.380 you can't lecture these other generations to just do it like you can't go to your grandparents

01:10:38.520 parents or your parents and say this is how your great-grandparents said like they don't

01:10:43.440 care they're not going to do it and it's almost like we just need to begin again like we just

01:10:48.620 need to start if we want to do a trend and there was one thing someone in our chat i think his name

01:10:54.980 was osin he was saying like yeah if you want your parents oh you should make it yeah sorry

01:11:00.340 what was it there was this fucking we said this in an early early episode but i still find it

01:11:06.840 funny we worked at a restaurant together with ocean and uh there was an irish guy there

01:11:14.260 and he was very very very irish and like he had just gone off the boat and was working there for

01:11:22.020 some reason and he couldn't pronounce we couldn't pronounce his name right his he says his name was

01:11:28.360 like oh shine and they used to just call him oh seamus mcfinnigan yeah give him two last irish

01:11:36.500 but he was saying i actually liked his angle and i think this is the attitude to adopt

01:11:44.640 which is that you just you do need to grab the torch it's like if you think

01:11:48.720 your parents or parent if they're a widow is getting alzheimer's or they're getting infirm

01:11:55.740 or whatever it's like you you kind of just need to force them to live with you you can't even ask

01:12:00.280 them to do that because they won't it's just like okay we got a house we have space you're coming

01:12:05.300 you're living here now like you you need to tell them for their own good because they're they seem

01:12:10.580 to be even incapable of doing that and that's what our what previous generations did too right

01:12:16.220 that's this is what i'm what i was saying before about us taking the torch we are in our 30s some

01:12:21.080 of us are in our 40s and we're still talking about it like when are they going to help us

01:12:24.620 like you're 20 years past the point we should be talking about that we should be talking about

01:12:29.040 how we forcibly take this over and become the heads of the family, right? Like my family's not

01:12:36.660 the best example because we actually have a pretty stable family. But like even in my family,

01:12:41.680 we essentially went more or less against the wishes of the grandparents and took care of

01:12:46.660 the grandparents. They refused to move into a home. So we took over the house and we ran the

01:12:53.300 household for them and did things, you know, doing things to them that they don't even know

01:12:57.480 that we're doing to them in order to keep them healthy so like there's things like that that

01:13:00.340 you end up doing when they're in their old age but they're never going to understand that or

01:13:05.380 agree to it you're always you were going to fight them until they die you know so like you said like

01:13:10.460 if you want to take care of them you could argue with them and just be bitter and silent and let

01:13:14.680 them go to a home or let them die or you could like show up one day with a truck and gaslight

01:13:19.840 them into getting on and now they live in your basement yeah that's what you need to do because

01:13:25.660 the the dark end to that story is it's like my my grandmother who passed my ukrainian grandmother

01:13:32.900 we call her baba you know her she had four kids and she still ended up in a retirement home and

01:13:41.420 ended up in a nursing home so she died with dementia surrounded by people who reeked of

01:13:47.340 shit and were babbling to themselves and that's not what should happen i don't know what specifically

01:13:53.140 should have happened but not that and she was proud and she said she said everything was fine

01:13:59.140 and to some members of the family they thought that everything was fine because none of them

01:14:04.760 decided to really put their foot down and say no i'm not going to let my mother expire this way

01:14:10.100 and she did and it was very disgusting and they sold off the house that their father an architect

01:14:19.060 designed and built that they if they had waited on it they could have sold it for 1.5 million

01:14:25.720 dollars i bet they didn't fucking sell it for that when they did so they are not only

01:14:31.440 despicable but they're also fucking morons anyway this is i might edit that part out or i might not

01:14:37.820 i don't know that it really grinds my gears like your father designed and built a house during a

01:14:44.300 time when though the houses that were built were good for example like you would have built this

01:14:49.940 when the 70s the 70s seemed to be based on my research you can correct me if i'm wrong

01:14:56.100 i think the 1970s were the last decade where anything good was designed like furniture you're

01:15:03.340 the furniture guy i wanted to ask you this i didn't get to ask you this yet when you you still

01:15:07.940 do design furniture but when you designed furniture previously you were designing furniture from a

01:15:13.020 specific era it seemed like it was a throwback to like 60s or 70s is that correct yeah yeah no no

01:15:22.180 that's that's reasonable and i always looked at that i'm like there's something about this

01:15:26.400 furniture and you have an eye for design and you have an eye for construction and manufacturing

01:15:31.120 and you're like you know what this shit's just made better it's made to last and it's just the

01:15:35.700 way it's built and every when we talk about those old types of chairs like those when people like

01:15:41.860 the the proto futuristic stuff like when future movies were made in the 70s everything was like

01:15:47.560 egg-shaped and sleek everything seemed ergonomic and seeing that houses when i look at houses that

01:15:54.360 were built in the 70s they're kind of swanky there's a different flow to them they seem to

01:15:59.340 be built to be lived in more whereas now they're built on like a grid but you had more like

01:16:05.720 recessed floors you had beds built into and things were built into other things you had

01:16:11.360 like spaces were made to be communal and you don't have that you just have like a blank canvas square

01:16:17.840 room yeah i wouldn't um i wouldn't use that as a golden standard but i do think that period from

01:16:23.840 the 50s to the 70s in design and architecture and in manufacturing generally in north america

01:16:29.260 you had a period where a lot of the constraints of the pre-war period had been removed in terms

01:16:36.140 of like material constraints both material in terms of like capital but also in terms of like

01:16:41.400 there's all kinds of new materials that could do new things that you haven't explored yet and so

01:16:45.600 that's going on but you haven't gotten into this commercial race to the bottom that we're in right

01:16:50.340 now where everything has to be mass produced and everything has to be low margin and everything

01:16:55.240 has to be disposable so yeah you had i think in architecture and in design and in furniture and

01:17:00.560 in cars you had this this weird period from like just after the war till maybe the late 60s or

01:17:06.600 early 70s where you had really if nothing else original and interesting and novel um and human

01:17:15.840 things going on in design and architecture and you just don't see it that's all gone completely

01:17:20.880 flat in the past 30 40 years now and this is the world back to our topic that we started with

01:17:26.200 this is the world that a lot of zoomers and gen alpha are being born into so i it's difficult for

01:17:32.240 me to be as hard on them as this guy i was talking about in this video this australian guy i was

01:17:37.580 talking about zoomers like they're scared little chihuahuas that's the line he used like you guys

01:17:42.500 are you're nervous and you're scared to be social and you'll hear a lot of other millennials like

01:17:47.200 give zoomers shit like you guys are pussies you guys are little scared types of you know people

01:17:54.880 it's like like you're doing exactly what boomers say to you like all boomers talk about all day is

01:18:00.920 like millennials and even gen x like they're spoiled fucking kids who who don't know how to

01:18:07.360 work and we're doing the exact same thing i'm like well you're living in a world where everything

01:18:11.400 sucks you're where everything is built like shit everything is built to fall apart whereas in the

01:18:18.600 70s and the 60s it seemed like things were built at least with maintenance built to last forever

01:18:24.860 built to be passed down like consider that consider that you are coming of age in a world

01:18:30.980 where nothing is constructed to be passed down it can't be no houses yeah sure it isn't

01:18:36.220 and then there's this there's this article back to what we really started on microplastics in the

01:18:41.760 brain a new study conducted by university of rhode island professor jamie ross investigating

01:18:48.000 the infiltration of microplastics in mammals has revealed that this is far more widespread than

01:18:53.400 initially thought in fact the plastic particles were found to bio or bioaccumulate in every organ

01:19:00.320 including startlingly startlingly enough the brain uh research on the health effects of

01:19:06.220 microplastics especially mammals is still very limited he says but um basically what he's saying

01:19:12.420 here is that the microplastics we're all used to microplastics in your blood oh there's a little

01:19:17.340 tiny plastic in your blood it's in the fish just like mercury but it's in your brain and it's

01:19:23.580 causing cognitive failure it's causing mood alterations yeah many studies have demonstrated

01:19:31.800 how microplastics make their way into our bodies through food and water however researchers say

01:19:37.060 microplastics are even tiny enough to enter the bronchioles and get trapped in different parts of

01:19:42.460 the airway branches. Some numbers show humans could be inhaling the equivalent of an entire

01:19:47.780 credit card's worth of plastic within a week. A study in the Netherlands analyzed blood

01:19:53.380 from 22 people, plastic detected in 17 of them. Plastic, why would you want that in

01:19:58.600 you? Microplastics will get into anything. I mean, it's the nature of the beast. I'm

01:20:02.560 shocked that it's in the blood. How would it get in the blood? While shocking to some,

01:20:06.640 to scientists. Unfortunately, it's not surprising. Microplastics have previously been detected

01:20:11.840 in animal blood in human feces and placentas and while the study found it in the blood of 80 of

01:20:18.000 its sample group it could be worse in new zealand he says that brain infiltration may also may cause

01:20:26.000 a decrease in glial fibrillary acidic protein called gfap a protein that supports many cell

01:20:32.320 processes in the brain results have shown previous studies have just suggested that gfap expression

01:20:38.160 might decrease early stages of neurodegenerative diseases so long story short the amount of plastic

01:20:45.440 that is found and it's give it may very well give people alzheimer's and if something you know they

01:20:51.760 they'll use that because that gets enough people to perk up right you know or if it gives you cancer

01:20:57.840 cancer is the big scary one but if something causes cancer it causes a constellation of

01:21:03.440 other more subtle problems as well right so yeah if you can cause alzheimer's can it also cause

01:21:09.480 destabilization of moods can it cause an increased anxiety or lethargy or

01:21:15.220 all of this stuff and so again you have a generation us this includes us as well but you

01:21:22.540 know them even more that the biologically things are stacked against them like they're being born

01:21:30.700 they may very well be born not only into a strange covid environment that's gen alpha

01:21:36.800 where they they're not socialized properly because they were locked inside for three

01:21:41.200 fucking years but then also the plastic in their brain is making them insane as a toddler right yeah

01:21:48.040 yeah so that's just something that i try and be cognizant of like when you talk politics and we

01:21:55.340 Because when we talk politics and ideologies and political systems, in a sense, we're trying to project them into the future.

01:22:02.540 We're interested in designing something that has legacy.

01:22:07.280 And I always try and come back to – people will talk about, oh, the problems with gender is a big thing and depression and suicide and stuff.

01:22:16.820 but I'm like this seems like a a nuclear bomb going off on the horizon that just hasn't reached

01:22:23.780 us yet but it will and and I don't think it's localized to North America it can't be

01:22:29.260 like maybe like to me it it seems obvious that half of all Indians have to be made of plastic

01:22:38.440 by this point right well there's not in this article but I've seen it written that they found

01:22:44.560 it in like forest streams in the mountains and in ice caps and like it's everywhere because it's in

01:22:50.620 the water system right and these particles are small enough that they can actually evaporate

01:22:54.600 and float and find the jet stream like they're microscopic so yeah it's just it's a new type

01:22:59.860 of toxin that now exists essentially everywhere it kind of led into this other article i read and

01:23:05.380 i'm connecting some interesting dots here but i think this to me is more important than talking

01:23:11.700 about trump this to me is more interesting than talking about the latest indian guy that's gonna

01:23:19.720 kill wokeness because you know maybe wokeness doesn't exist in this world but it's um darpa

01:23:28.120 funded study uses ai to detect violations of social norms in texts um and this is on a site

01:23:36.360 called extreme tech but um it's got some some links here and i got the paper here pulled up

01:23:43.000 in front of me this is on actually on nature.com um the title of the paper itself is ai for

01:23:50.120 identifying social norm violation this was published in 2023 but i'll just read the article

01:23:55.760 that references the paper here it says the pentagon's the pentagon's defense advanced

01:24:02.100 Research Projects Agency, otherwise known as DARPA, a name that's known to a great many people

01:24:07.300 in our scene. DARPA has always been at the forefront of artificial intelligence, driving

01:24:13.000 the technology forward. So it's no surprise that we have some pretty definitive views as to where

01:24:17.840 it's headed. There's been a lot of hype and bluster about AI. Talk about a singularity that AI will

01:24:25.140 exceed the capability of human beings, maybe even displace humanity. We're going to take a much more

01:24:30.600 level-headed approach, an attempt to demystify, talk about the technology, what

01:24:35.640 it can do, what it can't do, and where it's headed. Back to its very beginning,

01:24:40.800 DARPA has been at the forefront of support, advocacy, and leadership in

01:24:45.100 artificial intelligence. J.C.R. Licklider, the first director of IPTO in 63, set the

01:24:51.180 foundation with a decade of work in AI. DARPA funded some very early work in

01:24:56.580 and machine learning back with Project Mac.

01:24:58.540 The shaky robot was the first system

01:25:01.700 to combine reasoning with physical action.

01:25:06.700 The mother of all demos that included

01:25:08.740 the newly invented mouse, hypertext, word processing,

01:25:12.920 and distributed collaboration.

01:25:14.880 Speech understanding was one of the early AI projects

01:25:18.180 along with vision and robotics.

01:25:21.240 With funding provided by the Agency of Researchers

01:25:24.140 That Israel's Ben Garion University have created an AI that detects violations of social norms.

01:25:33.120 The tool reliably spots infringements on 10 different types of social norms, offering psychologists and sociologists a unique way to track human behavior.

01:25:43.200 So what they're saying is that it can scan a paragraph of text or a chat log and rank whether or not the things you are saying deviate from acceptableness.

01:25:56.800 And it says the tool identifies violations across 10 social norm types.

01:26:01.480 And those are competence, politeness, trust, discipline, caring, agreeableness, success, conformity, decency, and loyalty.

01:26:11.440 and even though you know we can say what we will about the ai that's an interesting set there i

01:26:17.260 never actually seen it laid out like that like here's the 10 factors that make it so someone

01:26:23.580 fits in to whatever like the zeitgeist is right politeness so it could say like we can scan this

01:26:31.100 text and even though there's no terroristic threats there's no there's nothing really that

01:26:36.200 jumps out at you they can tell from the tone oh this person sounds a bit disagreeable a bit the

01:26:42.200 thing they're talking about oh they're talking about the government oh but i detect um a bit

01:26:47.080 of dissonance here with their they seem displeased with the government oh and they they seem paranoid

01:26:53.260 uh-oh so but and they also do seem disciplined so they're disciplined and they're paranoid let's flag

01:27:00.160 that so that they found and this is just a test they did at this university but like all

01:27:07.900 conspiracy theories we come back to well why not right yeah why wouldn't this be used and why

01:27:16.240 wouldn't this be used in a in a world where we already talked about at the beginning the topic

01:27:21.820 of the day is misinformation that's all any site is talking about just with different tones and

01:27:27.660 different you know language but it's the you know fake news versus misinformation it's the exact same

01:27:34.280 argument that's occurring okay so this is going to be used hypothetically to ferret out the

01:27:40.980 misinformers um and and it can be used to get all the you know anti-social personalities and what

01:27:48.540 defines an anti-social personality of course and i i just thought that was interesting to let people

01:27:54.820 know that that seems to me to be something that if that's not being employed right now i'd be very

01:28:00.740 surprised because we're used to you know your emails are being read so they're looking for key

01:28:06.680 phrases you know don't use these certain phrases let's try and use dog whistles but this is a dog

01:28:13.280 whistle detector this is they're trying to this is the equivalent of them going through your house

01:28:19.860 and looking for fingerprints like this is like weird forensics like there's going to be

01:28:25.100 and this to me is the scariest thing of all the idea of psychologists being brought in to like

01:28:31.720 interpret these flags that they're not even talking to you they've got your texts and they've

01:28:36.640 got the the printout from the ai and psychologist looks at that printout and diagnoses you based on

01:28:42.740 that you're not involved in this process at all but it already has the stamp of academia on it

01:28:49.580 that that's where i kind of see this going and i think that's tied in you know like we talked

01:28:56.940 about with eric weinstein that this is all connected because it's like the world we live

01:29:01.620 in we're already used to being watched all the time and that that was the comment made about

01:29:06.940 zoomers too like they're in a world where they're used to being watched and being critiqued and they

01:29:12.220 assume that everything they're doing is being recorded and they want that too they want to be

01:29:16.280 recorded so we have these generations i don't know how to avert the ship i don't think that

01:29:21.700 ship can be averted i think that's just the reality now that the successive generations

01:29:28.620 might not even understand secrecy like we do or privacy like we do and they're full of plastic

01:29:35.780 and and even the ones who are in that who don't like it they'll eventually not know any different

01:29:41.180 anyway that's that's more interesting to me than talking about voting anyway yeah and it's it's

01:29:48.060 telling too that it's not a big issue outside of our circles really like that it's like people

01:29:54.220 are swimming in this water and they don't even seem to care so you know one more thing that

01:29:58.960 eric weinstein mentioned is that he uses a phrase and it's probably another synonym for this or

01:30:05.340 another phrase but he he was discussing jeffrey epstein and he described it as an anti-interesting

01:30:13.780 phenomenon which is different than an uninteresting phenomenon because he says like this that jeffrey

01:30:20.720 epstein's story is a slam dunk for a pulitzer prize if you were to really like uncover it like

01:30:27.000 the journalists should be salivating about this because no one's really done the work to uncover

01:30:33.800 the story of Jeffrey Epstein.

01:30:36.380 No one really digs deep

01:30:38.560 into his suicide, not really.

01:30:41.340 No one has really

01:30:42.740 done the forensic accounting

01:30:44.620 on his

01:30:46.300 financial institution. He says he was

01:30:48.700 a currency trader. No one

01:30:50.760 can find anyone who did business with him.

01:30:52.600 No one can find where his fortune came from.

01:30:55.080 But there are records, but it's just

01:30:56.720 this black box. That seems

01:30:58.700 like something some enterprising journalist

01:31:00.680 would be into, and none of them are.

01:31:02.300 And it seems that every news anchor, every pundit, every journalist out there is like, oh, no one gives a shit about the Jeffrey Epstein story.

01:31:10.460 And it's like, no, everyone does.

01:31:12.580 That's all people want to fucking talk.

01:31:14.340 They're still talking about it.

01:31:16.140 But it's so strange that that's just the opposite of interesting for the people who should find it interesting.

01:31:24.660 See, this is one of the most uncomfortable things.

01:31:27.420 I think there was a time when mostly when people said collusion or coordination, their presumption was, well, that's kind of, that's pretty far out there.

01:31:37.280 We now know, like post Elon Musk's $44 billion adventure at Twitter, that there are these coordinating groups, coordinating social media with the intelligence community or with the Department of Homeland Security or with the State Department.

01:31:52.480 we now know that we're living in an orchestrated court you know curated choreographed world

01:31:58.720 and we can't know it officially but we all know it if we want to know and just like all the stuff

01:32:07.180 we're talking about that that's why rfk jr was so interesting to me is like this is the only guy

01:32:12.680 talking about vaccines the only guy i think in politics i've ever seen who's talking about that

01:32:18.060 like yeah why aren't any why isn't anyone talking about this no one's talking about

01:32:22.060 what happened during covid no one no one's taught no politician is talking about what

01:32:27.820 happened during covid have you noticed that has anyone we're just done with that didn't happen

01:32:33.780 according to a lot of them it didn't even happen conservatives no one it's done okay fine sure

01:32:39.760 we're not talking about epstein like any of the big fucking topics that are on the horizon

01:32:44.320 like i'd expect a couple of them to talk about this ufo disclosure shit like you know just it's

01:32:50.140 in the news like can someone can someone just acknowledge that these things exist but they're

01:32:56.060 anti-interesting phenomena and that's what makes me think that they actually matter or that

01:33:00.420 investigation into them would uncover something that is more interesting and it's new and newsworthy

01:33:07.580 like if you were to really peel back the layers on the ufo disclosure maybe you'd find something

01:33:12.480 really fucked up something about maybe it is fake and we find out why they're doing this

01:33:17.440 but i'll i have is any journalist really taking this seriously is any is any journalist taking

01:33:23.200 that shit seriously no why what the fuck else is that what are you doing what else is there to talk

01:33:29.380 about apparently you know fucking saying misinformation is a threat to our democracy

01:33:34.620 anyway i got off on a bit of a ramble there what we got to do is we got to talk about modern

01:33:40.640 monetary theory oh boy here we go this i led with warren moser because that was sort of a lead into

01:33:48.280 this one this book which is more of a accounting of the history of precisely what we talked about

01:33:56.220 last episode modern monetary theory the decoupling of the dollar from the gold standard and the

01:34:02.400 current financial state that we seem to be in with multi-trillion dollar deficits um and

01:34:10.180 and like what does that mean what can be done about it how did we actually get there

01:34:15.100 and it really comes back to the central bank and this really comes back to

01:34:18.400 the princes of the yen episode which we talked about two episodes ago

01:34:22.140 this that's kind of like another story from across the pond during the 20th century what

01:34:28.320 happened because a lot of the things that affected america like the great depression like you know

01:34:34.660 the baby boom even like um you know like the the decoupling of the dollar from the gold standard

01:34:40.860 that affected everyone across the world so you see usually when a huge economic event happens in

01:34:47.120 america it's happening elsewhere you just don't really hear much about it uh the japanese example

01:34:52.620 is just one but you know throughout fucking saudi arabia the same things are happening um so

01:34:58.380 really it comes back to the federal reserve and it comes back to central banks generally and the

01:35:05.040 same sort of power play that was happening in japan is happening in america sort of the power

01:35:11.060 of the central bank versus the power of you know the people setting the monetary policy in america

01:35:17.740 to set interest rates and whatnot and again feel free to jump in at this i i don't i liked what

01:35:22.980 happened last time i want jump in call bullshit or expand or contract you know the credit that

01:35:30.260 i'm putting out there um so really the book it's called the money revolution uh the money revolution

01:35:38.800 by richard duncan subtitle is how to finance the next american century so what the book does

01:35:46.120 is the first half of it is explaining the financial market

01:35:50.100 and the American economy as it stands right now.

01:35:52.800 It's called The Money Revolution,

01:35:55.640 How to Finance the Next American Century.

01:35:58.820 And the goal of that book was to really try to persuade

01:36:02.320 the American public and U.S. policymakers

01:36:05.000 that we're living in a new economic environment

01:36:08.280 now in this post-Bretton Woods era

01:36:11.600 that really does make it possible for the government

01:36:15.960 to invest in a very large scale

01:36:20.040 in new industries and technologies.

01:36:22.900 The second half of the book is proposing,

01:36:25.800 okay, what can we do about this?

01:36:27.240 And this is where I think you'll find the most

01:36:29.560 to disagree with because he's more or less proposing

01:36:34.040 what we were talking about last time,

01:36:35.340 which is that, okay, it seems that the government

01:36:38.460 is just playing around with credits

01:36:41.280 and ramping up deficit spending.

01:36:43.360 we might as well put that deficit spending into something that can generate growth and maybe

01:36:50.620 fucking outpace this now america can invest we can grow by investment investing in new

01:36:59.380 industries and technologies we don't have to settle for one or two percent gdp growth a year

01:37:06.120 we can invest on such a large scale that we could induce a new technological revolution

01:37:11.300 that would turbocharge U.S. economic growth

01:37:14.180 and at the same time over the next decade

01:37:19.480 produce technological miracles and medical marvels

01:37:22.660 and generally make everyone's lives better.

01:37:26.540 So rather than continuing on in this long period of stagnation

01:37:30.440 that the United States has been in now for decades

01:37:32.780 that has resulted in the middle class being hollowed out

01:37:37.620 and disappointed with their prospects in life

01:37:41.420 and the prospects for their children.

01:37:44.280 Because I will say the connective tissue

01:37:46.820 between these two episodes,

01:37:48.460 and I want to start by giving credit to your position.

01:37:52.980 And I think one of the best arguments

01:37:55.420 against modern monetary theory,

01:37:58.520 and first of all, actually, let me just say

01:37:59.880 the modern monetary theory,

01:38:01.800 as it's explained in this book

01:38:04.320 and by Richard Mosler and others,

01:38:06.280 is that it's more of just an assessment

01:38:09.000 of how things seem to operate,

01:38:10.940 regardless of whether or not you like it or not.

01:38:13.240 In fact, a lot of people who identify

01:38:14.580 don't even like it.

01:38:15.500 Like Richard Mosler would say,

01:38:17.280 like taxation is just theft.

01:38:19.260 They only do it just to take money from you.

01:38:22.060 And it is what it is.

01:38:23.480 I totally agree with it.

01:38:24.520 And that's actually one of the,

01:38:25.600 we cashed this out a little bit in the chat afterwards,

01:38:28.020 but that's one of the reasons I think it's so dangerous

01:38:29.900 is because Mosler,

01:38:31.480 as much as I don't like him personally,

01:38:32.900 because I think there's a game there,

01:38:34.820 the way that he explains it is all in many of the points he makes are kind of inarguable if you want

01:38:40.940 to disagree with them you have to dig into the rhetoric and the way they're explained like like

01:38:45.100 as you say mmt is presented in an academic way as look this is just how things are we may as well

01:38:51.360 use it to our advantage but you're my problem with that is you're talking past the deal you're

01:38:56.360 essentially saying um we're currently being raped we may as well become rapists is another way of

01:39:01.420 phrasing that right and that's the reason that i don't like it like yeah he is he like he's not

01:39:05.240 proposing that they do anything other than what they're already doing he's just proposing that

01:39:09.040 they they target it differently yeah and let me just to lead in with this um and i think i might

01:39:15.140 mention it on the last episode too but i do want to just underline it here it's that and it mentions

01:39:21.720 in this book as well as one of the dangers of this whole system it's like you always need to stay

01:39:27.300 ahead of the deficit the idea is if you can just create credit infinitely um you still need to grow

01:39:35.020 the economy at two percent every year to stay ahead of it and growth ever stops it all fucking

01:39:40.020 collapses right um and there was uh one of our biggest friends of the show uh kel um we we were

01:39:48.940 kind of discussing this and he's a huge advocate of it and you know a lot of people in our sector

01:39:54.700 are advocates of it as well and they go well you know life needs growth to survive and you'll say

01:40:01.720 that right you know you need growth to survive and the moment you stop growing you die so you

01:40:05.500 always have to keep growing my maybe what would you call it metaphysical response to that because

01:40:12.360 this this isn't me basing it on any study or chart it's just me intuiting that you can't grow

01:40:19.820 forever like it's there's no life form that grows forever nothing in the universe seems to just

01:40:26.020 or like maybe the universe can expand forever in a sense but like any energy producing thing

01:40:32.780 anything that grows eventually contracts and dies we have never seen an organism that just

01:40:39.880 lives forever and as i say that i i do know there's some organisms that can just kind of

01:40:45.240 copy themselves forever i don't count that as growing necessarily like there's certain types

01:40:50.800 of worms that can sort of clone themselves and produce exact copies but that to me is not like

01:40:57.020 the a single organism that just keeps growing and growing growing and doesn't contract so

01:41:01.260 the idea it just it just feels wrong somewhere in there to say that well we can just keep growing

01:41:09.900 forever it's also just then it's the naturalistic fallacy like who gives a fuck about your comparison

01:41:15.080 into nature even if it were true it's not true but even if it were i don't care because it doesn't

01:41:19.320 apply to the economy it doesn't apply to groups of people in aggregate over time yeah so i'm like

01:41:24.440 you know there's and this is actually what happened in princes of the yen um just as a

01:41:28.680 rehash there uh you know the japanese war economy the economy that was mobilized for war that became

01:41:34.200 mobilized for trade after the end of world war ii the argument there and a lot of people missed this

01:41:41.960 But the argument there was that the Bank of Japan, the central bank, did reorient the Japanese economy from a mass production, arguably a war economy, to more of a service-based, consumer-based economy.

01:41:56.800 And a lot of people will say, well, the Bank of Japan did that because they're greedy.

01:42:01.040 Or maybe they were right, because the problem was that the Japanese, all their businesses, all their firms, they needed access to the global marketplace.

01:42:11.960 because their consumer base was capped you can only sell and trade so much internally before

01:42:17.540 there's just that much population if you want access to the global network well you had to

01:42:21.940 play ball with the power players mainly america america kind of set the standard but everyone

01:42:27.260 else the eu as well it's a it's a it's not a war that you win it's a party that you attend

01:42:34.040 and so they realize well to attend this party we need to kind of change how we do things that will

01:42:39.940 mean a stronger economy overall you know we can't like trade ourselves until we're the only companies

01:42:46.340 left and well that's unlikely so the idea there was that there are certain prohibitions to growth

01:42:52.640 unless you drastically change how you do things and the what changed was the entire japanese

01:42:58.980 economy in the 90s into what it is today um that was outlined in princes at the end that part kind

01:43:05.540 of gets missed at the end because a lot of people think that was just a wrong turn but i'm like

01:43:09.420 i'm making the argument that maybe they were right you know even though they went about in a

01:43:14.440 conspiratorial way but i'm like you know yeah i mean if you wanted to pin it on them like it was

01:43:21.020 a huge disaster then you'd have to say japan is much worse off than the rest of us and will

01:43:26.460 continue to get worse off and to be frank i don't think that's true i think they had a bad time

01:43:30.240 with the asian you know market crash and the one was at in the mid-90s but at this point

01:43:35.080 I would much rather Canada and the U.S. look like Japan than look like like industrially, commercially, economically.

01:43:44.180 I would I would prefer to have Japan system than to have what we have right now.

01:43:49.200 Yeah. So I'm just going to go through some of the points here that summarize how this all works and how this all fits together.

01:43:56.280 Just to reiterate and just to bring people up.

01:43:59.120 So while the Federal Reserve can create or retract money based on demand, it typically only creates credit and deposits in the accounts of banks. So can like increase the money supply and give everyone money. But usually what they do on the day to day or year to year is just make credit deposits in the accounts of these big banks.

01:44:20.420 And then those banks lend that out in the form of loans to the businesses or the people, whoever it might be, usually businesses or people who want to start businesses.

01:44:31.160 But that decision is usually left up to the banks, and those banks can operate in concert in a cartelized sort of way, but that's generally the system, how it works.

01:44:40.700 And historically, the way this works was each bank and the Federal Reserve held its assets in gold and loans and government securities while the Fed's liabilities were credit creation.

01:44:54.680 And historically, the Fed could only create credit based on its gold reserves.

01:44:59.360 And that was the cap.

01:45:00.460 So it could only loan credit 35% based off its gold reserves.

01:45:07.920 So if you wanted to release more credit, you needed more gold.

01:45:11.740 And it was always tethered to how much gold you have.

01:45:14.040 And the banks were as well.

01:45:14.960 You could only loan out so much credit, so many loans, if you had this much gold in it.

01:45:19.920 And if you didn't, well, then you needed more gold.

01:45:22.320 And the argument, largely in the book, and this is backed up by history, is this just went away.

01:45:27.260 It went away around the time the dollar became untethered from the gold standard.

01:45:32.960 But it was chipped away bit by bit for years before that.

01:45:37.440 um and there is a lot of crises that caused that uh world war ii was a big one but you know over

01:45:46.020 time just like in princes again the central bank was making arguments to the government that oh

01:45:52.720 we should just have no restrictions at all and it doesn't take that long to just wear the government

01:45:58.680 down um and it happened over the exact same amount of time in the 20th century dude which is funny

01:46:04.500 the parallel between uh america and japan even though japan set its economy up based on

01:46:10.800 the german model uh and you know the funny thing is that the federal reserve

01:46:16.300 wasn't even around very long until world war one occurred and completely changed what the federal

01:46:25.080 reserve was supposed to be so like world one drastically changed the purpose of the federal

01:46:29.520 reserve and the amount of assets their assets during that skyrocketing like 2300 within the

01:46:36.260 first six years of its existence so the first six years like it immediately starts like printing

01:46:42.480 money giving out credit and is used for this completely different thing than what it was

01:46:46.460 intended to um now and this is where the conspiracy sets in some people say that the federal reserve

01:46:54.280 failed to prevent the great depression some people say it allowed the great depression

01:47:00.200 um so to allow to have more controls because the argument made by the fed was that um it lacked the

01:47:07.900 powers to stop the great depression and if they had were granted more uh powers they they could

01:47:13.860 you know stop behaving so passively um and and that's precisely what happened which is also kind

01:47:19.880 what happened in japan by the way so like the when the commercial banks have too much money in their

01:47:25.000 reserves they can create too much credit with that surplus and but the fed could always up the

01:47:30.600 requirement to how much they needed to keep in proportion on hand which would allow them to hold

01:47:37.160 how much credit each bank was allowed so basically what he's saying that you know the the federal

01:47:42.440 reserve used to set the rules for the banks where it's like okay we we can force you to unilaterally

01:47:49.800 have to have this much money on hand for the loans you create it could be based on gold or

01:47:53.560 it could just be a rate that we set so like the gold is one thing but the other side of the story

01:47:59.240 is that it was just a central bank that said go go wild doesn't matter we'll just give you we'll

01:48:04.760 put more credit into your account and the reason the breton woods uh system happened was because

01:48:12.200 So when the government goes into a deficit, when the government is spending a lot of money,

01:48:18.180 it usually leads to them asking the Federal Reserve for help, give us some money,

01:48:21.820 which usually leads to gold leaving America, which is what led Congress in 1965 to remove

01:48:29.060 the requirement for the Fed to have a certain amount of gold on hand to create credit.

01:48:33.160 Once the U.S. was no longer backing dollars with gold, trade between nations no longer had to

01:48:43.160 balance. When the U.S. was on a gold-backed monetary system, the Bretton Woods system,

01:48:50.060 or before that, the gold standard, trade between nations had to balance. And here's why.

01:48:56.640 For example, in the 19th century, if England had a very big trade deficit with France,

01:49:02.780 then England's gold would literally have been put on a ship and sent over to France.

01:49:07.980 And since gold was money, England's money supply would have contracted.

01:49:12.320 And they would have had a very severe recession.

01:49:15.420 Unemployment would have gone up.

01:49:17.020 And they would have had deflation.

01:49:19.320 And the opposite would have happened in France.

01:49:21.400 France would have had more gold, more money.

01:49:24.540 Credit would have expanded.

01:49:25.860 The economy would have boomed.

01:49:27.200 They would have had inflation.

01:49:28.560 and pretty soon the rich French well so England would have simply run out of money so they

01:49:35.420 wouldn't have been able to continue having a trade deficit trade would have come back into balance

01:49:39.920 and all the more so because France would have been it would have had more money so it would

01:49:46.640 have started buying more cheap English goods and English with less money would have stopped buying

01:49:52.440 so many expensive French goods and trade would have come back into balance again there was an

01:49:57.860 automatic adjustment mechanism under the gold standard that ensured that trade between nations

01:50:03.400 had to balance. And that's the way global trade worked up until the Bretwood system broke down

01:50:10.600 in 1971. Afterwards, though, things changed radically. It took the U.S. a little while to

01:50:17.260 discover this, but starting in the early 1980s, it started running very large trade deficits with

01:50:22.800 rest of the world with japan and germany in particular and by the middle of the 1980s

01:50:29.040 the u.s trade deficit as a percentage of gdp had gone from zero effectively to three and a half

01:50:36.640 percent of gdp by the mid-80s and this was totally unprecedented nothing like this had ever occurred

01:50:42.800 before and this is during the 60s when everyone's talking about this is the new deal this is when

01:50:48.720 government spending is at its max during you know a lot of progressives look back to this time like

01:50:53.680 why this is why the aocs of the world and the bernie sanders's love this system because they

01:50:59.800 just look back to the 60s and say why can't we do what we were doing back then just print the money

01:51:05.340 it's fake it's made up and that's one of the points you always come back to that i always try

01:51:10.060 and keep in my head which is that a lot of progressives love modern monetary theory and

01:51:16.340 They love it because, in my opinion, they take the exact wrong idea.

01:51:21.980 Whereas they think, they hear fiat currency, they hear lack of gold backing, and they think, oh, the money's fake.

01:51:30.220 We can just give, the sneakers can be free.

01:51:32.980 We can just give, we can do reparations.

01:51:35.180 That's what they're saying right now.

01:51:36.460 What they're saying right now in Congress, there's a spicy Latina standing in front of a bunch of psychopaths with dementia

01:51:44.400 saying that we can do reparations

01:51:47.400 because the money isn't real.

01:51:50.200 And the argument there is actually no,

01:51:53.720 because I think to make modern monetary theory work,

01:51:58.160 you really need a eugenicist's eye.

01:52:00.140 Because within this system,

01:52:01.880 if you're looking at it properly,

01:52:03.740 it says that if you waste the money,

01:52:06.860 if you create credit and you give free money

01:52:10.700 to unproductive people,

01:52:12.220 you'll just destroy the economy.

01:52:13.480 then no one gets anything it actually only works if you give it to productive forces if you give it

01:52:18.800 to something that like if you invest in tech in if you open the spigot of credit over tech

01:52:24.320 innovation that's one thing if you open it over african-americans it drives up inflation that

01:52:31.160 everyone fucking dies so they they look at this and i think take the wrong thing but that's

01:52:36.560 that's the main story you're hearing right now i don't know how much of the conversation that

01:52:42.740 you dove back into, I hashed this, I litigated this a bit with Kel for a couple of days there

01:52:47.000 in the chat. The thing, the whole inflation bit that a lot of the guys are saying, it's like,

01:52:51.380 if you put it into tech, into quote unquote, productive sectors, you don't get inflation.

01:52:56.300 I did get him to come around on it. And I think a couple of the guys who stopped talking, I suppose,

01:53:00.640 just admitted I was correct, which is that, yes, if you put stuff into tech or into industry,

01:53:07.680 you don't get inflation right away, but you do ultimately get inflation. There is actually an

01:53:11.780 almost one-to-one relationship between it. It just depends on who the money goes to and how quickly

01:53:17.500 it's spent. That's called the velocity of money. How often the money changes hands and for what?

01:53:22.080 Because the things that it changes hands for are the sectors that will be inflated. So if they're

01:53:25.620 buying cheese, cheese gets inflated. If they're buying housing, housing gets inflated. If they

01:53:29.460 sit on the money and it goes internally in their sector, there's no inflation except there might

01:53:33.420 be internal inflation for labor within their sector, but that doesn't show up on CPI. And so

01:53:37.460 might see the inflation five six or ten years later and by that point it's very hard for them

01:53:41.860 to say the inflation was caused by that original action but the truth is it was that is actually

01:53:46.580 what it was caused by so and the problem with that is the second problem with it like i was saying

01:53:51.540 before is you as a as a governor governor as a government saying i know what productivity is

01:53:59.060 because you don't have a metric for what productivity is i know you think you do but

01:54:02.980 But AOC also thinks she does.

01:54:04.700 AOC thinks that this would be – AOC believes that niggers are the most productive people on earth, and if only we would give them enough money, we would be living in Wakanda, right?

01:54:13.560 She honestly believes that.

01:54:14.900 So there is a metric for figuring out what's productive, and it's called the market, and that's what we use.

01:54:20.860 So if you're not using the market to decide what is productive, you're just – you're falling into the exact same trap of the left-wingers who just want to throw money at a thing that they think will be good.

01:54:31.900 He does address this a bit later in the book, but I do want to just also call attention to that, which is true because, you know, it's easy to go down this pathway and forget that central planning typically has a poor track record on this.

01:54:48.120 Horrible track record.

01:54:48.940 i think in the short term it can i think if like but there's not a lot of examples of this like

01:54:56.340 again i want to really call people's attention to the fact that this system has only been in

01:55:02.520 existence for like 50 to 70 years i think like this is new this is unprecedented so when people

01:55:10.680 try and forecast and say well here's how this could lead to infinite prosperity i'm like this

01:55:15.080 is this is a completely mind-boggling new paradigm we're in right now let's just remember that and

01:55:21.580 let's remember that most of the evidence of these economic theories and practice were from the 20th

01:55:27.320 century and they're relatively small windows of time like the japanese economy in the 20th century

01:55:34.320 turned itself around very very fast using sort of the central planning paradigm but that

01:55:40.820 there's evidence that that can be used to convert an agricultural economy into an industrialized

01:55:49.740 economy we also want to talk like sorry carry on but but at the risk of and you know this happened

01:55:55.460 in japan also happened in china to the tune of like i don't know what 200 million dead happened

01:55:59.880 in the soviet union to the tune of how many millions of dead like there is a human i don't

01:56:04.320 want people to lose sight of that these huge tectonic shifts of reforms even in the princes

01:56:10.020 again that one clip i had there when they talked about oh how they probably engineered the recession

01:56:15.460 in the 90s the recession in the 90s still led to like 20 million people dying from like suicide

01:56:20.860 and poverty so like let's not pretend that this is just like a thing you can just do we're poking

01:56:28.240 at the guys earlier saying talking about infinite growth right and i was kind of i had made the joke

01:56:32.540 in the chat too it's like no the system is great it works perfectly except for that one time that

01:56:36.320 it doesn't and we all die right because it it it does if you want to say it worked on day one and

01:56:42.740 it's now day 10 and it's still working shit man it's probably going to be working two years from

01:56:46.700 now what i'm saying is your children are going to die of starvation and every historical example

01:56:51.800 that we have of this kind of careless deficit spending because i mean yeah the way the current

01:56:55.620 justifications you know when we're talking about mmt specifically and mosler specifically yeah

01:57:01.160 that's modern but i mean the romans were clipping coins that was their version of of deficit spending

01:57:05.720 is their version of we're going to spend as many of these coins as we want and all throughout

01:57:09.920 history bad money drives out good and you lose production you think you're getting production

01:57:14.320 but all you're doing is you're buying up existing stock production goes straight to hell because

01:57:18.480 nobody wants to play in a market when the money isn't going for what's good the money is going to

01:57:23.280 whoever's friends with the senator right so that's that you this is that part of it although it seems

01:57:29.380 very modern that part of it is as old as history so and we do have historical examples that sometimes

01:57:35.520 this falls apart in a week sometimes it takes 50 years to fall apart like the japanese example is

01:57:40.520 on the long side it did take them a few decades for that to fall apart and at the end of it guys

01:57:45.000 like warner say well it wasn't their fault it would have kept working if it weren't for the

01:57:47.840 central banks well i mean history says you're wrong history says it literally always falls

01:57:52.740 apart every single time if it's just central planning and deficit spending it always falls

01:57:56.560 apart arguably that's what we're like in the book the central bankers the princes of the yen

01:58:01.580 And we're kind of saying that they were saying that we need reform now because this system that we have is is failing.

01:58:10.140 And so it's whether or not you believe they're lying.

01:58:12.480 It's whether or not like, you know, the book doesn't get into their minds.

01:58:15.960 It just kind of does the play of what happened.

01:58:18.320 And I'm saying the motivations and who said what honestly doesn't even matter.

01:58:21.640 And you get to the point and you say you have central planners, you have central planners implement a plan.

01:58:25.380 It works temporarily and then everybody dies like that in a nutshell is the is just the same story.

01:58:31.580 story. Like you said, in the Chinese example, Soviet example, and now we're living through it

01:58:35.220 right now. We actually had pretty good fiscal policy in North America for a long time, which

01:58:39.360 is probably part of the reason that we didn't starve in like 1880. But now we are getting ready

01:58:44.840 to starve. So yeah. So just to reiterate for people, so the way it used to work is when someone

01:58:50.740 deposited $100 in a commercial bank, regular bank, the commercial banks were only required to hold

01:58:56.480 $20 in reserves that could loan out $80 of the $100 that you put in the bank. And over time,

01:59:03.900 they got rid of the requirement to keep that $20.

01:59:07.180 You talk about the reserve ratio. They do still have it, but it's tiny. I forget what it is,

01:59:12.880 but it's a very small number now. And MMT is essentially saying, yeah, you don't even need

01:59:16.220 the reserve ratio anymore. The argument made in the book is that because it's not tied to gold,

01:59:24.120 because it's not tied to any commodity it's not tied to really any market it's numbers on a

01:59:29.520 spreadsheet so it's like you just change some numbers like that's the line that's used i believe

01:59:34.960 in this book if there's no actual transaction of anything it's just a ledger that's being updated

01:59:41.060 kind of like the blockchain yeah and stuff like this what's interesting is modern monetary theory

01:59:45.820 gave birth to bitcoin it gave birth to cryptocurrency like cryptocurrency was them

01:59:52.240 looking at modern monetary theory and coming with a bright idea like let's mess with this theory

01:59:57.620 let's create let's create a money and see how that behaves we don't know who created bitcoin

02:00:03.940 or why though it could have been satoshi it could have been the cia like i see i see i see the

02:00:09.160 connection you're drawing but it's not like the we can say the intent of all the invention of

02:00:13.760 cryptocurrency was to well i just mean but based on the time bitcoin and cryptocurrency emerged

02:00:19.460 i think it was created like as a test for this because this is what people talked about like

02:00:23.440 when you were paying attention during the early days of cryptocurrency

02:00:26.540 the entire argument for bitcoin came back to fiat currency everyone says bitcoin is not real

02:00:32.600 the thing you heard every single person say was money is not real either like it was i want i do

02:00:38.460 want i want to push back a little bit because i followed the crypto sphere for a while i'm not the

02:00:41.760 crypto guy but the the all the arguments i heard for a long time in favor of crypto and in bitcoin

02:00:47.580 is that bitcoin is not fiat in the speak when we say fiat fiat means a directive right so when we

02:00:54.640 say fiat currency we mean a currency whose value is is a directive from the government it's worth

02:01:01.380 that money because the government tells you it is and it's just trust that's fiat bitcoin isn't fiat

02:01:06.320 the whole point to bitcoin is it's it's permanently scarce you can never make more of it other than

02:01:12.700 by mining. So in actually Bitcoin is closer to gold in the sense that nobody can just make more

02:01:18.400 Bitcoin, whereas the government, they can buy fiat, increase the amount, which is to say by order or

02:01:24.800 by directive, they can increase or decrease the amount just by signing a paper. So Bitcoin is not

02:01:29.800 only is Bitcoin the opposite, but in Bitcoin circles, the reason that Bitcoin is valuable

02:01:34.460 is because it's the opposite. People who love Bitcoin and love crypto love it because they

02:01:39.440 hate fiat currency they love real money and that's right i should have used fiat as a synonym for

02:01:45.800 fake which is kind of how it's used to fiat to clarify fiat just means it's like backed

02:01:51.500 by the government but that's also they're saying like it's just backed by the authority of the

02:01:56.920 government and kind of fiat currency within modern monetary theory is saying that all that matters

02:02:03.340 is the authority right it's kind of like the extreme of that it's like it's you know before

02:02:07.500 Or is it the authority of the central issuer plus gold, plus whatever the commodity is?

02:02:11.820 No, it's just the authority itself.

02:02:14.980 And I do think it's interesting if you look at the gold and silver market, not to go on too much of a tangent here,

02:02:20.560 but if you look at the gold and silver market, and a lot of people thought for a long time that they should shoot to the sky,

02:02:24.680 and they have gone up quite a bit, but you have gold and silver ETFs and other financial devices which operate similarly to fiat now.

02:02:32.980 So gold itself as traded on on, let's say, a futures market is almost fiat in the sense that you have a couple of global organizations that artificially raise or lower the supply of the of the contracts for for these paper gold.

02:02:45.360 Right. But with crypto, because nobody can increase it or decrease it artificially or sorry that you can't increase it artificially.

02:02:54.520 It it does actually follow the inflation of the of the other government currencies, the fiat currencies.

02:03:00.100 and so what have you seen you've seen it go from a dollar to two dollars to fifty dollars

02:03:03.860 to sixty thousand dollars like a few years ago and now it's back now what is it like it's eighteen

02:03:08.900 thousand canadian or something right now but like if it is interesting that you you're watching

02:03:14.580 right now bad bad money driving out good the good money is fleeing into other types of currency

02:03:20.040 which are protected like like bitcoin and you can't even you're not even protected in gold

02:03:25.120 right now because the way that they run the gold market so yeah it's it's it's really interesting

02:03:29.740 how it all fits together because like this is what he's saying the money revolution actually was

02:03:34.700 it was um when america was freed from its obligations during the bretonwood system

02:03:39.740 and he had this free floating exchange rate and fiat currency by fiat meaning it's mainly just

02:03:46.260 backed by the authority of the government and he says like monetary if you actually look at the

02:03:50.300 monetary policy because the monetary policy is just the rules about the money about the interest

02:03:54.880 rates and everything like that and he says it's usually nothing more than the board of the federal

02:03:59.000 reserve deciding whether or not to expand credit or set interest rates and he said like the explosion

02:04:04.760 of credit growth in the 60s meant that america the american economy was reliant completely reliant

02:04:11.080 on credit for growth um and you know a lot of people like that because you know some people

02:04:16.280 say that oh it pulled all these nations out of poverty i'm which i am skeptical of because

02:04:21.960 you're pulling out of pulling a nation out of poverty means that like the poverty line is set

02:04:27.240 at like a dollar a day and you made so people make one dollar and one cent a day you know i mean

02:04:33.180 yeah yeah the poverty line yeah it could be a bit of a trick too but you know it was the 1960s and

02:04:40.180 this influx of credit um he says this uh turned america from capitalism to creditism and that's

02:04:47.760 a word i thought you might like especially because yeah so like we're not even in a capitalist

02:04:52.560 paradigm anymore we're removed from that this is literally just credit creation and trying to

02:04:57.840 outpace credit creation pointing out that if we don't have credit growth the economy goes into

02:05:04.480 recession and if credit contracts we have a depression so we're now the u.s economy now is

02:05:11.360 dependent on credit growth and the book part two shows that any time total credit in the u.s

02:05:17.680 And this is adjusted for inflation. Anytime total credit grew by less than 2% from 1950 up until the crisis of 2008, the U.S. went into recession. So we need at least 2% credit growth adjusted for inflation just to stay out of recession. That happened. There were nine recessions between 1950 and 2009.

02:05:40.320 And so you said up until 2007, we get into the modern days, the problem was the Fed and the banks created more credit than anyone could ever even begin to pay the interest on.

02:05:52.220 That's the problem that we got into.

02:05:54.260 Because there's no real money or anything productive, any real capital asset backing it.

02:05:59.560 It's all just on paper.

02:06:01.820 Exactly.

02:06:02.220 um it is creditism you know aside from capitalism creditism we would define that as um it's where

02:06:10.060 credit and consumption drive the economy more than saving and investment um because and he says

02:06:15.580 that's why like the accumulation of capital doesn't even matter and that's such a strange

02:06:20.000 way to look at it but he's like yeah like a lot this is why like a lot of the leftists are not

02:06:25.120 even playing in the 21st century a lot of the marxists like they're still wrapped up in this

02:06:29.320 like capital ownership thing and he they don't really factor in how capital moves now and how

02:06:35.660 credit just fuels everything which is arguably way worse but it's like what is like oh the entire

02:06:41.800 idea of ownership has changed too yeah i think i cut you off there no no i'm just gonna say it's

02:06:47.120 funny because the to the extent that people are lagging behind this and they haven't caught up to

02:06:51.540 the reality of of deficit spending those are the people that are even if they're leftist are

02:06:56.300 actually correct that when the creditism system finally does collapse and it's going to collapse

02:07:01.940 then you'll have reality again and in reality the guys on the floor on the concrete with the

02:07:08.240 equipment and the stock and the human capital the knowledge and gas in their in their gas tanks

02:07:13.100 those are the people that always win they're people that always won throughout history

02:07:16.500 and the only time they lose is in cities when creditism and deficit spending takes over but

02:07:22.640 So it's funny, like the worker will have his day again.

02:07:25.280 The worker or the landlord or whoever will have their day again,

02:07:28.380 but it's not going to be the fucking money lender.

02:07:30.540 And what do we say here?

02:07:31.920 We say every episode, we love landlords.

02:07:38.060 We love our landlords.

02:07:39.940 Tip your landlord.

02:07:41.580 Do me a favor after you're done listening to this episode,

02:07:44.780 tip your landlord and don't even tell him about it.

02:07:48.800 Secretly tip your landlord.

02:07:50.440 You know what?

02:07:50.800 Start overpaying your rent.

02:07:52.640 and lie about it that actually got people pissed off when i said that last episode

02:07:58.720 that was actually pretty fucking cringe that you said that we don't i don't like my landlord

02:08:04.240 we're obviously kidding sorry guys i i didn't think that could be more obvious but

02:08:11.220 there's so many dog shit takes in our sector like i actually i kind of get it i get why people would

02:08:18.680 be like okay wait you guys have i mean not long ago we were talking about some pretty esoteric

02:08:23.280 shit i could see if you're from the outside maybe we'd bullshit we're back on our bullshit

02:08:28.380 for landlords now my thing about the landlords the reason that i think it's funny to joke with

02:08:33.360 the landlords is because it's so polarizing and it just shouldn't be a landlord is like a fucking

02:08:37.720 hot dog stand owner like some of them are assholes and some of them are cool and there's honestly no

02:08:42.460 fucking way to tell unless you know the guy so like it's it's hilarious to be like oh what's

02:08:46.220 that you own a thing you're a horrible person no you're a hero like you know he's just a guy

02:08:49.960 who owns a thing what the fuck are we talking how is this even a thing i saw the funniest take

02:08:54.180 it was um it was someone from like the patriotic socialist front kind of like our like the

02:09:01.440 strasserous like our side but it's like you know they're talking about those uh that black wall

02:09:06.620 street riot remember that like where was that the city that was in anyway it was that famous

02:09:12.200 like fake made up thing where black wall street was burned it's like you know it's difficult

02:09:18.180 because on one hand it's a terrible outrageous hate crime but on the other hand it was capital

02:09:25.820 owners and shop owners who suffered which is good i just love the idea that we were we gone so far

02:09:33.720 out there like we're just celebrating when a black store owner gets his shit ruined not because he's

02:09:38.480 black but because we hate stores we hate stores so much and just back to the original point i don't

02:09:47.180 know if i'll get through the whole thing because there's a lot to talk about this book it's a very

02:09:50.100 very good book it says the problem with creditism is it needs to grow at least two percent every

02:09:55.320 year for the entire system to operate and if it begins to contract this is the problem this is

02:10:00.700 why growth matters like it needs to keep growing because if it begins to contract that's when the

02:10:05.360 banks get spooked that's when loans stop being issued that's when everyone starts saving the

02:10:10.520 entire fucking thing spirals and collapses and that's what happened in 2008 uh the 2008 collapse

02:10:17.160 which you know looking back a lot of people talk about that collapse kind of flippantly like it was

02:10:24.200 just like any other you know recession like no that almost took the entire world with it i think

02:10:30.300 we should like recontextualize that the 2008 the mortgage crisis as it's called if that was not

02:10:37.000 dealt with i was going to corrupt like destroy the fucking world like because everything was

02:10:42.180 so over leveraged every like this was the mmt coming home to roost like this this was your

02:10:47.940 scenario exactly exactly and so the four reasons why that financial collapse occurred was the too

02:10:57.920 risky loans were going bad the leverage ratio was way way way too high uh there was an over

02:11:04.380 reliance on short-term sources of funding and the liquidity reserves and banks were basically

02:11:10.040 non-existent um in its first in the very first century of its existence the fed created less

02:11:18.140 than two trillion dollars in the second half of 2008 alone it created 1.3 trillion

02:11:25.480 like that's insane like within a half of a year created 1.3 trillion dollars

02:11:32.240 and then in 2020 and 2021 they did that five times five times over yeah during covid five

02:11:39.180 times over and it hasn't we're just starting to see it like literally as we're recording this

02:11:43.140 it's starting to come home yeah and he said quantitative easing uh basically in his mind

02:11:48.500 saved the global economy by lowering interest rates pushing up asset prices and flooding the

02:11:54.020 market with liquidity um they kind of saved the economy they reflated it afterward as well but

02:11:59.980 what he introduced here was something that i wanted to talk about in depth and we might not

02:12:04.460 be able to do it this time but there's many graphs in this book it's a very very good book i'd highly

02:12:10.260 recommend it but one of the things he talks about is uh the wealth effect for homeowners

02:12:15.700 that anyone who owns an asset like in a real estate asset a house the government has an interest

02:12:23.540 in boosting house prices because they know what happens when people's house prices go up

02:12:30.160 like clockwork they remortgage their homes and start taking money out of the homes which floods

02:12:36.960 that money right into the consumer market so if they ever want to increase consumer spending or

02:12:43.160 get the money moving in the economy one thing they like to see is house prices go up which is to say

02:12:48.960 that you know when we talk about modern monetary theory i like to explain how it's being used

02:12:54.340 against people as well so realize that the government could have an interest in keeping

02:13:02.360 house prices high now this is just me talking here this isn't in the book but consider that

02:13:08.280 there's one demographic that the government is extremely reliant on right now that's boomers

02:13:15.200 there could be the the world we're living in right now as young people could very well be

02:13:20.800 that the government is trying to milk as much consumer spending out of boomers as they possibly

02:13:27.100 can by making sure that when they sell their homes they're selling them for five million dollars for

02:13:32.220 their shitty bungalows and then what do boomers do you what they don't do is save that's one thing

02:13:38.120 we know about boomers boomers are being encouraged not to pass money down not to invest they're being

02:13:42.860 encouraged to spend it on travel and shit and stuff and to keep this whole fucking thing going

02:13:48.760 so because of this system again this is my speculation you could see the gut like the

02:13:54.960 entire economy geared against young people at least in the short to midterm until boomers start

02:14:01.800 dying off but that's just my one one theory that i've got what do you think of course of course

02:14:06.560 absolutely i think that i think that's a fact i think you'd have to come up some pretty strong

02:14:10.540 arguments for why that isn't already the case in the u.s and canada canada especially yeah and one

02:14:16.580 thing also to remember is that this all of this what we're talking about right now isn't just in

02:14:21.820 america um the what we call the credit blitz this explosion of credit occurred all over the world

02:14:28.540 um and the big problem as um we we moved away from the gold standard was that all this credit

02:14:38.400 being created like in japan but everywhere else in the world by other central banks was flooding

02:14:44.180 into america so all this money starts flooding and that's kind of how japan went to war with

02:14:49.520 america with its trade and in the in the 70s went to war with auto manufacturers like there was trade

02:14:55.420 real trade wars going at the time um drove up trade deficits in america which caused america

02:15:02.080 to borrow from these same countries in the 70s like this whole system created a huge trade imbalance

02:15:09.720 and when people talk about all this you know credit flowing into america and buying up real

02:15:15.220 estate and stuff that's kind of what they're talking about but it's not just an american

02:15:19.620 phenomenon it's like the trillions of dollars created by these foreign banks was transferred

02:15:25.080 transferred into dollars and then used to invest in American assets, driving up asset prices

02:15:32.300 and keeping interest rates down, which also contributed to the 2008 financial crisis.

02:15:37.980 And the Fed pretends to not know why this happened. He writes that in the book. They know

02:15:42.400 why this is all happening. They just can't do anything about it. He makes the case in the book,

02:15:48.920 we've already kind of went through this, but he makes the case that I just want to repeat again,

02:15:52.980 that inflation has little to do with money supply or monetary policy. He's got some graphs in here

02:15:59.300 that explain it a bit better. I'll put them in the clip. But it has more to the globalization

02:16:04.140 and this money supply flooding in. Historically, it was money supply and demand shocks and supply

02:16:10.240 shocks. But globalization really kicked off in the 1980s as America was funding its trade deficits

02:16:16.260 with foreign capital from other countries with trade surpluses. Prior to this, a nation could

02:16:22.820 not import more than they exported because everything would eventually rebalance through

02:16:28.440 unemployment and economic slums but that system he's saying was completely out and what was

02:16:34.060 happening was there was just all this fucking crazy foreign like that the american this is

02:16:38.720 what we're saying with uh zaihan which is that america is a massive trade sink for the entire

02:16:44.200 world like part of the the reason why america is so important to the the global trade system is

02:16:49.860 because we just buy so much fucking shit and so many these producer countries can sell to america

02:16:56.700 but the way the trade surpluses work like it actually doesn't make it shouldn't make sense

02:17:01.260 the way it is but and it doesn't they haven't actually broken physics with this all they've

02:17:06.600 done is they've prevented it from correcting itself and they're winding it up like a spring

02:17:11.240 so when it finally does correct it's going to be a one for the ages it's it's going to be one of

02:17:17.640 biggest it i will say i think it will be the biggest economic disaster in human history i

02:17:23.820 don't know if it's coming now but like over the next 50 100 years max probably sooner than that

02:17:28.500 it's the biggest economic disaster it might it might be an extinction level event it's gonna

02:17:33.380 happen it's gonna happen yeah so i'm gonna get to the part you'll probably disagree with but is

02:17:38.040 it's the yes main thesis of the book and i don't know how much because we're already

02:17:42.340 well over two hours, but I can keep going. I don't really give a shit. But he said,

02:17:47.360 here's this case. Between 2008 and 2021, both the housing collapse and COVID led the Federal

02:17:56.300 Reserve to inject trillions of dollars into the economy. And he says, and I know which part you're

02:18:02.260 going to disagree with here, but I'm going to say it anyway. He says, inflation only rose by around

02:18:06.980 1.7% per year. He said the influx of cash had no discernible effect on prices when it should have

02:18:13.480 led to hyperinflation. I can kind of hear the vein on your head going through the mic. Did you want

02:18:21.080 to just quickly address that? I guess you already did. Yeah, I did in the chat, but I'll just repeat

02:18:27.320 more or less what I discussed with the guys in the chat. So from 2008 to 2021. Actually, before we

02:18:31.600 start, when was this book written? I thought it was older than that. No, no, this was fairly recent.

02:18:36.280 this would have been um it's actually critical whether or not it was released in the past year

02:18:40.420 or it was previous to that because he wouldn't actually have the new data uh 2022 2022 so because

02:18:46.900 some of this data is actually quite new like an inflation data lags by like a quarter ish um

02:18:52.460 depending on how they look at it cpi and there's anyways okay first of all yes this is like a dodge

02:19:00.040 like oh we didn't see the inflation right away so there's no inflation no retard like i feel like

02:19:04.720 this is intentionally meant to confuse people anybody who knows anything about inflation and

02:19:09.540 the money supply knows that inflation lags the money supply and how much it lags the money supply

02:19:14.100 it depends on how the money is spent or where the money goes we just talked about this so the second

02:19:19.420 thing is so that we know there's a lag and he's saying well it's up to 2021 there hasn't been any

02:19:23.720 inflation first of all yes there has there's been colossal inflation and it we did see it but we saw

02:19:30.380 it on a lag just because there are lag doesn't mean it's happened it's also not over because

02:19:33.440 this type of money supply increase can you know might be causing inflation for 30 fucking years

02:19:39.400 and the fact that they won't look at that inflation over 30 years and say that it's not oh we had no

02:19:45.180 control over that that's not our fault we're only looking at the inflation in a 12-month window

02:19:48.740 that's fucking retarded anyways the other important thing here is he's talking this is a total

02:19:53.900 statistical dodge he's saying we increase the money supply by x amount between 2008 and 2021

02:20:00.480 no all of that increase not all of it 90 of that increase happened over the course of like

02:20:06.780 16 months right up into the ass of 2021 so fuck you with all of your stuff about oh but we've

02:20:14.960 been pouring money into the system in 2009 and 2011 no you weren't you were actually deflating

02:20:20.260 at the end of the financial crisis as interest rates came up like you know that that's just

02:20:24.740 that's a fucking lie you were deflating just not a lot but to a certain extent like by which i mean

02:20:30.240 destroying money like increasing the money supply most of that increase almost all of it happened

02:20:35.380 with like literally at the beginning of covid and they're still doing it it's still i shouldn't say

02:20:40.540 that no they did actually they did remove some of it in 2022 but the point is is now they're

02:20:45.480 removing it and even though they're removing it we're getting massive inflation spikes and i'm

02:20:50.480 sure now they're going to say oh with these inflation spikes for all we know they're caused

02:20:53.860 by us removing money no they're caused by all the money you dumped into the system that you thought

02:20:58.980 was going to a productive enterprise is now being spent. And guess what? Not only are people

02:21:04.140 spending it, but the stuff they're spending it on, we don't make anymore. And we're spending it now

02:21:09.260 it's made in China and we can't even get it from the boats because the whole fucking supply chain

02:21:13.120 is fucked up. All of that is actually related to the malinvestment of your fucking random print

02:21:18.600 money that you gave to your friends. Right. When you do that and I'm going off on a tangent now,

02:21:23.960 but the larger story is when you malinvest, you don't actually produce the things the market

02:21:28.840 wants and so when you talk about spending causing inflation people go out to buy toilet paper and

02:21:33.840 there isn't enough of it because you gave it to your friends in the dildo industry and they made

02:21:37.820 a million dildos which we don't want we want toilet paper and that's why toilet paper is so

02:21:42.600 fucking expensive anyway sorry sector wise dildos are adjacent to toilet paper they are actually

02:21:51.280 you got one you're gonna want some of the other maybe no maybe not let me say if i run out there's

02:21:57.780 a lot of guys out there i'm not gonna weigh in on this but apocalypse scenario if you're in a

02:22:04.920 life or death shitting situation and you don't have toilet paper you might want to reach for the

02:22:09.880 dildo more than a fistful of knives yep and in this world like there is no more printed money

02:22:17.800 because of all the fiat currency because of all the credits so you can't even reach for a bunch

02:22:22.260 of dollar bills to wipe your ass yeah well the funny thing is there were never dollar bills

02:22:26.080 anyways i mean for decades now it's all just digital ledgers unless you can wipe your ass

02:22:30.340 with a hard drive so you good point you can uh what you can in canada because we only have dollar

02:22:36.080 coins which you know which would be better to wipe your ass with a a tootie or a roll of dimes

02:22:44.700 you that was there's no cause for violence on this show

02:22:50.220 okay can i get to the plan now because i want to say his plan because there might be some parts of

02:22:57.700 it you like there might be some parts you don't like uh but let's start with the big headline

02:23:04.380 here the u.s government could easily invest 10 trillion dollars over 10 years primarily into

02:23:10.900 technological development this is his claim well 10 trillion dollars is just kind of a projected

02:23:17.140 amounts that he's coming up with it should be decided through trial and error fed in by degrees

02:23:22.200 the rule is invest as much as possible as fast as possible and find the ceiling on what that is

02:23:28.760 based on once you start to see the inflation go up then you try and deflate as much as you can

02:23:34.060 with a monetary policy right which has never worked which has never worked in the history

02:23:39.680 of monetary policy but he knows that and he's saying the windfall of credit would likely push

02:23:43.980 asset and stock prices up in which case you need to increase an increase of capital gains taxes

02:23:49.740 um he's got a few things in place to try and account for asset prices and stock prices going

02:23:56.700 up um essentially what he would want to do he says target the create credit open the spigots of credit

02:24:03.820 over the following technological industries renewable renewable energy neural science

02:24:10.860 robotics nanotech biotech quantum computing artificial intelligence and genetic engineering

02:24:16.820 so this is another angle that i'd like to just explore because we didn't talk about it last time

02:24:22.600 but now that we're talking about an economic policy and we're talking about practical ideas

02:24:28.880 really the sad and scary thing is that i think there are a lot of people taking this seriously

02:24:37.320 and they are doing this um and that's that's why i kind of wanted to go down this path because

02:24:42.820 just to let people know i'm not judging whether anything of this is right or wrong what i'm

02:24:48.180 trying to do is make a map a map for people to explain what is happening right now and i think

02:24:54.340 all the technologies that we complain about all our dystopian fantasies about you know

02:25:01.820 transhumanism and all that like that is being supercharged right now and i don't really know

02:25:07.580 what to do about that because even if we don't open the spigots over these technologies they

02:25:12.600 are being developed and they're that's out of our hands we can't really stop that artificial

02:25:17.340 we're in an arms race right now with china uh whether you want it or not and the sectors of

02:25:25.000 that arms race the technological development arms race are artificial intelligence quantum computing

02:25:30.860 genetic engineering and uh renewable energy and i think the the power players in the world

02:25:39.720 mainly china mainly america also japan a few others they know that whoever wins that race

02:25:45.000 will probably get to define the next century so that's what's happening right now this is why like

02:25:50.500 even if this is why i think like it's full steam ahead from a lot of these people like the billionaire

02:25:56.220 class the elite class whatever you want to call them this is happening this is why i don't think

02:26:01.320 transhumanism can ever be off the table because we talked about this when we talked about uh

02:26:08.180 nasim talib's the black swan book uh he says there's certain technologies that are kind of

02:26:13.740 black box technologies or like what donald rumsfeld would call like a known unknown we all know that

02:26:20.700 this technology is out there we know that this technology is achievable we don't have it yet

02:26:26.000 We don't know how long it's going to take, but we know someone's going to get it.

02:26:31.220 And I think that's the logic dictating a lot of these nations and these supranational entities that kind of function like nations anyway.

02:26:39.540 They're in a race to find who discovers this first because they're going to have all the power to scramble to power.

02:26:45.260 That's why I think that even if America doesn't do this, China is essentially doing this right now.

02:26:51.140 the model that we're talking about right now modern monetary theory this is the communist

02:26:55.820 party of china's policy right now they're just not good at it and that might be evidence of what

02:27:01.320 you were saying that centralized planning just doesn't work very well but the china's doing this

02:27:06.680 they're obsessed with renewable tech but they're just kind of fucked with it however they are you

02:27:13.160 know he makes a point in the book that they're kicking our asses with 5g technology they're

02:27:17.580 kicking our asses in certain ways and the fear is that china gets there first what do you think

02:27:23.860 about that so i think if we're talking just about the technology i agree that anybody there is an

02:27:31.400 arms race and it's important it's important for the good guy the good guys to to hold it like we

02:27:37.660 want to have if this technology exists we need to have it now does that mean that the government

02:27:43.080 should print money for it no i we're late i could talk through it for the reasons why there's a lot

02:27:47.840 of reasons why you don't want government to just print money for that because you won't the thing

02:27:51.440 is you won't actually get long-term robust productivity out of that it'll the same thing

02:27:56.200 that always happens will happen you'll get short-term productivity and the whole thing will

02:27:59.720 collapse and you'll actually permanently kill that industry and it'll then it'll be brought

02:28:03.080 under the government wing as a zombie but uh if you actually want that stuff what you would do

02:28:06.980 is create a like a tax-free deregulated trade zone for that industry uh as a as a pilot and you let

02:28:14.760 them build there and you don't fuck with them you don't tax them you don't bother them you stay out

02:28:19.440 of it uh but the other thing is is if you're developing that technology because you want it

02:28:23.700 for you that's one thing if you're developing it because it's an arms race and you're worried about

02:28:29.480 china getting it there's a really simple solution is nuke china and it drives me nuts how often i

02:28:36.560 hear this brought up in this kind of pansy way of negotiating like oh industrially we need to like

02:28:43.660 maintain labor competitiveness with china like why it's a slave nation bomb them bomb them there's

02:28:50.240 no reason the earth shouldn't just be white like i i don't know how on one side we're talking about

02:28:56.580 all of these things like geopolitically and then on the other side when we talk about our internal

02:29:01.260 finances we're letting what another country a rival nation who we by all rights are already

02:29:06.620 at war with right we're in a silent war with them already a cold war why we're talking about

02:29:12.520 our economy as it relates to their trade we shouldn't be trading with them we should be

02:29:17.940 trading bullets with them we should be trading bombs with them right now so to me that's as if

02:29:23.240 it's totally disingenuous for people to talk about the technological arms race as it relates to

02:29:28.940 finance and fiscal policy like don't involve that you're you're fucking muddying the entire issue

02:29:34.680 fuck i could already hear judas coin going to the moon over the last rant

02:29:41.060 let me just say like people really turned against me on the last episode i thought i made some good

02:29:49.040 points everyone's like no i like when he i like when he said we should just kill them all i'm like

02:29:53.100 yeah i know i'm speaking to the to the common man to the the lowest retard of them all which is

02:30:02.240 me i want people to know i read this was a 450 page book i read every page of these books

02:30:10.660 and i made like three pages of notes and it's like like if it's of an election

02:30:17.100 you win based on after all this stuff you know but we should nuke china yeah i just say hey it's

02:30:22.960 It's all gay, guys, gay and retarded, and I win.

02:30:26.880 Everything is gay and maybe rape and also nuke China.

02:30:32.020 It's so much easier to destroy than to create, I think is the lesson here.

02:30:36.280 And you know what?

02:30:37.080 People love easy things.

02:30:38.820 Easy things are fun.

02:30:40.000 You know what's also easy?

02:30:41.220 Eating fudge.

02:30:46.780 Winner, Ganyo.

02:30:48.240 It is.

02:30:49.920 You know what's easy?

02:30:51.260 Bustin'.

02:30:52.620 easiest thing to do yes it is anyone you could go whack off for free

02:30:59.140 people don't know this the whacking off is free all you dumbasses out there been paying to whack

02:31:05.880 off damn fuck i've got to wrap this up i've got to say the last little bit here because i want to

02:31:11.060 do this book justice so one model for what he's talking about is the federal government adopting

02:31:16.800 a venture capital model with a 60-40 split on returns, where the companies that are kind of

02:31:23.180 more invested by the government will be listed on the NASDAQ with taxpayers receiving the 60%

02:31:29.100 of those returns. That's kind of one model he is for like the innovation. He said American

02:31:36.100 investment in technology declined from 7.1% of the GDP to 3.1% since the 1960s. And he says,

02:31:45.560 well what does that mean how does the government invest in technology that's what we're talking

02:31:49.900 about right now right and that's one thing that you're concerned about is the government just

02:31:53.360 owning all this tech it says there's three types of technological research basic research applied

02:31:59.300 research and experimental research in america uh has slowed down all this research in the past

02:32:05.740 decades being overtaken by china and he said the government spending in basic research would be

02:32:11.700 the key here so basic research is essentially what they did with the internet and uh what they

02:32:18.320 did with semiconductors so that's like very very like basic stuff then applied research is the

02:32:23.960 companies that take that and make stuff with it so he was saying well if we get the government to

02:32:29.040 invest in basic research like the nuts and bolts shit the boring stuff and leave applied research

02:32:34.980 to the private organizations um that would be one way to do it so it wouldn't be like necessarily

02:32:40.760 governments owning companies they would just be doing this research that isn't even economically

02:32:46.140 feasible for a lot of private companies like a lot of private companies like when it comes to ai

02:32:50.980 they're kind of doing it now but a lot of the research is very front-loaded and venture capital

02:32:56.440 owns that completely but it's like well what if you know like the real rigorous like getting

02:33:00.600 quantum computing going getting a lot of like the genetic research done like maybe we take care of

02:33:05.700 that and make it open source and then you know the other company kind of what like the fed does

02:33:11.380 with the banks which like we'll give you the credit you figure it out so that to me was a

02:33:18.480 hybrid model of the central planning and the free market like you were talking about which is kind

02:33:24.680 of i know we don't like the whole way it's done right now but the model which is like the there's

02:33:29.740 the central planning of like the bank releasing credit, but who the loans go to is done by the

02:33:35.600 banks or the credit unions or whoever might be. And there might be a model here. If the problem

02:33:40.700 is the commercial banks, because a lot of people have problems with commercial banks, is there

02:33:45.180 a more tweaked model where more credit goes to like credit unions and they can lend to smaller

02:33:54.320 organization you know i mean like maybe there's a way to rejigger this where it's it's a hybrid of

02:34:00.800 it maintains what you like about pre uh free market innovation and price discovery but you

02:34:08.260 see what i'm saying there does that does that affect your opinion at all no because i mean you

02:34:13.780 can't again it's this it's the whole thing about like you're trying to you're trying to break

02:34:17.960 physics you're trying to get around these fundamental a priori rules but like it's it

02:34:23.840 it just doesn't work in the long run it doesn't work i'm already on board with you know there's

02:34:28.080 cases like a war economy type case where you use this as a weapon against an enemy internal or

02:34:33.280 external i've already agreed that that that is something that i would be on board with

02:34:37.480 but um if and that's why i was saying a minute ago like if if the intent is to create these

02:34:42.680 technologies as a weapon to destroy the chinese sure if the if the intent is to create these

02:34:47.220 technologies for our own edification for our own growth and stability absolutely not absolutely

02:34:53.320 not people don't need ai people need sandwiches that don't have microplastics in them people need

02:34:59.080 a water supply that doesn't have endocrine disruptors that's what we need right now

02:35:02.500 and we need jobs and we need houses so we don't we don't actually need ai and every dollar that's

02:35:07.980 put into ai is a dollar taken away from sandwiches that don't have plastic in it i'm very happy you

02:35:13.780 did that and this is this is why i invest in judas coin i want to remind people because a lot

02:35:19.520 people are telling some tall tales out there i am the original investor in judas coin yeah he wrote

02:35:25.760 the code and i know what they want me to say they want me to say i go long on judas coin

02:35:32.880 and i'm not gonna say it what i've just said was me saying what i wouldn't say which isn't

02:35:39.440 me saying it haven't said it nevertheless it shall be clipped i like that because really i

02:35:45.340 think that recontextualizes the entire thing which is what is the sum total of all this what is the

02:35:50.800 sum total of all of this innovation it's microplastics in your fucking sandwiches isn't

02:35:56.220 it yep yep the sum total of all of this is the latest human generations in the west being bored

02:36:04.460 with fucking neural diseases and that the only technology we can invest in is like how can we

02:36:10.720 make ourselves less human because that's the thing like every if if the plan is the plan going

02:36:17.100 forward is to supercharge in the direction of gene editing and quantum computing like it sounds like

02:36:23.380 there's no good end to any of this and i think to again once again circle back to my original

02:36:28.520 concern and my trepidation with the entire system it's like something feels wrong here i think a lot

02:36:35.460 of people you get excited about this you get the mind reels at the possibilities of course and i'm

02:36:41.060 still i'm interested in this and like i said i'm trying to draw a map for people to say let's let's

02:36:48.040 look at the landscape find out where we are find out where we are headed right now where we'd like

02:36:54.460 to be headed as long as we have the map we can figure out where we're going that's what all this

02:36:58.640 is about i i don't see any strategy that feels good that's kind of my the thing i'm trying to

02:37:06.720 get here and that's also the thing you're getting at as well which is yeah i'm saying there isn't

02:37:11.500 one and and i understand why people want there to be one i want there to be one but i understand

02:37:17.420 that there isn't one the only way out of this is extreme amounts of pain deprivation starvation

02:37:23.920 in death it's the only way through this so i'm sorry but that's it's going and i'm not saying

02:37:29.060 i'm going to do it i'm just saying like you've wound the economy up like a spring at some point

02:37:32.660 it's going to snap back you can't break physics what goes up must come down because and also just

02:37:37.720 to remind people this did already happen this was the 2008 collapse and they solved that with

02:37:44.140 you know creating all this this deficit but like you it could we know what it feels like when this

02:37:50.340 happens so just imagine that magnified by the amount of leverage out there and also remember

02:37:56.400 let's just say this the we talked about the cause of the 2008 uh collapse the 2006 2008 collapse was

02:38:04.160 over leveraging no liquidity and bad debts like well chris do you think it's possible that a bank

02:38:10.560 can loan bad debts again do you think there's a reality where something could be invested maybe

02:38:16.840 they're not geniuses maybe they they still do allocate the money properly as long as that can

02:38:23.140 happen that's always going to be an axe dangling over your neck yeah absolutely even within the

02:38:29.840 model even within most like all we need to do is allocate this money to the good stuff it's like

02:38:33.700 well what are the chances like you're first we need to start from a position of we need the

02:38:39.620 government to be staffed by completely different people yeah like you need for this to work banks

02:38:45.280 You need the people making the decisions to actually have our best interests at heart and to have a governmental system which is robust against corruption, which we have the exact opposite. Democracy is purpose built for corruption.

02:38:59.000 this is the thing like i the system is interesting but let's also recall we need to sweep everyone out

02:39:06.900 of the banks and government to start doing this because like no one in there right now would you

02:39:11.660 want doing anything they're trying to do it right now and what they're trying to do is give three

02:39:16.080 trillion dollars to like every black person in america yeah and and not even really try and

02:39:22.080 figure out if they're descendants of slaves just to everyone like that's what the democrats want

02:39:26.260 to do which is retarded but like the republicans are giving trillions of dollars to raytheon so

02:39:30.680 that they can make missiles which they fire into the side of a hill just so they can keep their

02:39:34.440 budget so like in both cases the money goes to to something anti-productive not only is it not

02:39:40.000 productive it destroys resources yeah all right i think that's we've got a bit over i think that's

02:39:46.240 a good end to it though yeah man all right i will talk to you next week super see you

02:39:50.800 all right dimes judas welcome back to the show how are you guys doing

02:40:11.080 thrilled yeah chilled to be here yeah good man thank you thank you for having us

02:40:15.560 yeah you guys are coming off the the lofty heights of uh advertising on the pete quinones show so i'm

02:40:22.100 glad you can still condescend to show up here i can deign to come down to the jay burden show

02:40:28.260 what my one of my top shows by the way yeah one of the very i don't get excited about nothing no

02:40:33.920 more but i like i like me some jay burden well that's good because i i stand by this look like

02:40:39.540 if you if you spend a long enough time on this part of the internet you've kind of realized

02:40:43.040 you're not a normal person but uh the the two shows that i recommend to people who aren't you

02:40:48.140 know fully down the rabbit hole is rn mcintyre for obvious reasons because he's you know he's

02:40:52.720 someone you can show to your mom and then your guys's show because it's funny enough that you

02:40:56.320 can kind of like get along on that and not notice that like wait a minute did those guys just

02:41:01.540 reference schmidt you know wait a minute i'm a cool genius now

02:41:06.700 so anyway you show and your fucking your cock and balls are bigger

02:41:13.560 can that be the new tagline on like you know apple podcast i got so many shirts i need to

02:41:22.360 get printed that's one of them you guys have probably the funniest merch like by far like

02:41:29.320 most people it's just like lazy youtuber merch right where it's like their logo or something

02:41:33.000 And then you guys went full on, you know, schizoid with it.

02:41:35.740 I appreciate that.

02:41:36.560 The good thing about our merch is it's a dumb joke.

02:41:39.020 And you can tell I spent so many hours trying to craft it.

02:41:43.540 Longer than editing he spends on those designs, I think.

02:41:46.620 There's no conceivable way to make a profit based on like time invested in these shirts.

02:41:52.940 Well, that's always funny, right?

02:41:54.460 When someone calls you a grifter and you're like, I think I maybe break even on this.

02:41:59.380 Like maybe break even on this.

02:42:01.540 you know like this is the worst grift possible i'm sick of you coming excuse me i'm sick you

02:42:06.320 flexing that you're breaking even on this shit well that's because i don't pay for anything

02:42:10.540 i am i am in such a deep hole with our show how much have we sunk into the show you i should say

02:42:17.860 you not not me well dimes we were talking about this because you make the mistake of editing

02:42:23.260 if you don't edit your time investments like i don't know 53 minutes you know the 50 minutes

02:42:29.020 to record an episode and then the two minutes

02:42:30.980 to upload it. That's the way

02:42:32.960 to maximize your return.

02:42:34.600 I'm going to address the audience right now.

02:42:36.760 This fucker, he comes up to me

02:42:39.220 and he has the

02:42:40.940 audacity, the gall

02:42:43.060 to say like, oh, I don't edit this shit.

02:42:45.300 I just put it out there and then it gets

02:42:47.080 thousands of views.

02:42:48.780 Exactly. Thousands. Two thousand.

02:42:51.780 I lose

02:42:52.820 like an entire day editing. Again,

02:42:55.380 it's a dungeon

02:42:56.660 type show where I'm like

02:42:58.220 the amount of time I put into the sound effects and like the background music it's I'm not I

02:43:04.720 don't even know why I'm giving you a peek behind the curtain there's nothing good behind this

02:43:08.140 curtain I should shut up so so you you and I you and I guess all of us are not here actually just

02:43:15.860 to talk about podcast or inside baseball you know as much as some people may want that we're actually

02:43:20.360 here to talk about kind of a heady topic which is which is crime and punishment so this is based

02:43:27.960 on a segment that you did a while back on a book by Foucault about mental institutions,

02:43:37.740 correct, about the asylum. That's right. Yeah, it's called Madness and Civilization by Foucault.

02:43:42.780 The subtitle is A History of Insanity in the Age of Reason.

02:43:47.900 So I think that we should probably start this at a pretty distant level, right? Because Foucault

02:43:54.620 has become kind of a dirty name in broadly right-leaning circles. So I'm curious, what led

02:44:01.760 you guys to discuss that thinker? Because he's kind of off limits for the right, more generally

02:44:07.780 speaking. Yeah. And if you look at Foucault's biography, and a lot of people will know of

02:44:12.920 Foucault, but if you look him up, he reads like just an unending list of the things that we should

02:44:18.960 hate um he's one of the more degenerate thinkers um and he would run towards that uh we were joking

02:44:26.560 the other day about how he comes from a time when everyone was being a little gay and the real gay

02:44:32.880 guys were dead dogs and that was him like it's such a debauched live like his his biography is

02:44:40.080 insane um but um one of the things that i've said a few times on the show and i'll say it now

02:44:47.760 it's that I often don't agree with the conclusions of many what we might call leftist thinkers

02:44:54.260 but I like their starting points and so the works of Foucault despite what we might think about him

02:45:01.180 I found a lot of his ideas very interesting and I would say the same thing with Slavoj Zizek I

02:45:07.500 would say the same thing about Marx I would say the same thing about several I was always

02:45:12.780 historically against anarchists until you give anarchists a chance and then i came out the other

02:45:17.900 side i'm not an anarchist but i found there's good stuff in there and i think if you're a serious

02:45:22.940 person and you want to treat these ideas serious and you'll find things that are interesting and

02:45:27.980 so for example like foucault you know on the right what we might call the dissonant right you won't

02:45:33.420 see a lot of people really digging into crime punishment imprisonment how we treat madness

02:45:41.500 the reasons that would lead us to exclude people from society some people on the right would just

02:45:46.860 take that for granted they of course you exclude people that don't fit in but i liked that someone

02:45:52.020 was willing to put that under the microscope and i never really considered that before and

02:45:57.820 i did you know with madness and civilization we can get into that in a minute but um by the end

02:46:03.340 of it he was offering a lot of prescriptions i didn't agree with but the historical pathway

02:46:09.220 there I thought was pretty illuminating about like the evolution of our concept of insanity

02:46:15.960 that's a bit of a meandering answer but there you go I sort of think that the the right has

02:46:23.300 come to a healthy relationship with libertarian thinkers right like Hoppe or Rothbart which is

02:46:29.360 basically yeah these guys have some some pretty good you know diagnoses but when it gets to like

02:46:35.020 the insurance-based state that's probably a little bit stupid. And it would probably be nice

02:46:39.880 to kind of come to, you know, kind of an understanding like that with, you know,

02:46:43.840 certain figures on the left. Because in addition to Foucault specifically, I've been reading a

02:46:50.560 series of books kind of by accident that dovetail neatly with Foucault. And it's Gene Wolfe,

02:46:58.800 right the book of the new sun which i did an episode on a few weeks back it's in cold blood

02:47:05.060 by truman capote and then this book which i've read which i can never remember the name of because

02:47:10.340 it's it's somewhat clunky discipline and punish by foucault so obviously you know i haven't read

02:47:16.520 you know you and i haven't read the same foucault books but there's enough overlap in his thinking

02:47:21.980 you know from me reading this volume and you reading that one that i think it's it's worth

02:47:26.400 a discussion. So Discipline and Punish starts off with a somewhat, I think it's intentionally

02:47:37.300 upsetting, you know, recounting of, you know, this torture of, I think he was an attempted

02:47:43.620 regicide, right, this guy who attempted to kill the king. And essentially, he's quite literally,

02:47:49.520 you know, ritually, you know, ripped apart, you know, burned, and then drawn in court.

02:47:53.760 And so this sort of serves as kind of the evocative opener to it. And from that,

02:47:59.840 Foucault goes on to make a series of claims about punishment. So one of them is actually a claim

02:48:07.760 about like civilizational confidence, which I think is really interesting. And what he says

02:48:13.980 is the public execution is a thing of civilizational confidence, because that's the

02:48:20.680 society right the power going out there and saying yeah i'm in charge and if you cross me

02:48:27.600 i'm gonna rip you apart with horses you know and display your decapitated corpse and uh i don't

02:48:35.280 know that's one of those things where it's like i think he kind of has a point with that you know

02:48:39.840 that it is sort of a a feature of a you know kind of a confident self-aware sort of power do you see

02:48:48.840 what he's getting at there yeah yeah and he's got a parallel with that in madison civilization this

02:48:54.020 is one that always stuck in my mind was he was talking early on about how dealing with the

02:49:00.140 insane or dealing with uh the anti-social personalities maybe include witches in that

02:49:05.340 if you wanted to they were dealt with in the public's square and there's a ritualization

02:49:11.400 of the entire process and he was tracking how eventually we move that process into the shadows

02:49:18.380 We move that to the fringes of society, which allowed it sort of mutate and propagate.

02:49:23.540 But like early on, you see more of a synthesis between dealing the society dealing with itself in this way, rather than kind of pushing it to the margins and forgetting about it.

02:49:35.320 And that sort of almost industrialized segmentation of society.

02:49:39.060 I always thought that was interesting.

02:49:41.680 He makes that point with execution as well.

02:49:44.960 And he talks about the transition from the public torturing to first beheading, right? Where every capital crime is punished the same way. There's no ritual part of it. There's no idea that the punishment should fit the crime, right? That if you're an arsonist, you should be burned to death or something like that.

02:50:07.860 then to the guillotine where it's fully mechanized, and then to kind of the modern 20th century

02:50:14.400 execution, right? Where after this series of appeals, you're kind of rushed off to a shed

02:50:21.480 in the middle of nowhere where you're strapped up to a lethal injection machine. And that's

02:50:28.840 actually something really interesting in Truman Capote. Because in this book, In Cold Blood,

02:50:34.840 just for you know those who haven't read it it's in three books the first one can you know kind of

02:50:40.720 chronicles the you know the the commission of the murder and then our you know our perpetrators on

02:50:46.000 the run then the the trial and and then finally the imprisonment and the execution and the way

02:50:52.040 the execution is described you know where there's a doctor attendant and specifically he talks about

02:50:58.440 the transition point from there being a priest present you know in this even in this horrible

02:51:03.260 torture, right? The priest is there, you know, granting the, you know, the, the, and they call

02:51:08.020 him the wretch, you know, multiple times absolution, right? There's a doctor there to ensure that

02:51:13.060 there's no physical pain, you know, that everything is, you know, medically done. And I think that

02:51:17.920 that transition from the priest to the doctor is an interesting one. Is that mirrored in his other

02:51:23.480 work? I'm not sure. Is that mirrored in Foucault's? I did, there's nothing like that in there, but

02:51:31.400 you just said something there that i found kind of fascinating which was that and maybe you'll

02:51:36.980 get to this later but there does seem to be a transition from and he gets to this in a mad

02:51:42.820 civilization where you would treat the insane like vegomods almost like animals and then they became

02:51:50.080 almost human or superhuman over time in the same way that execution turned from you're killing

02:51:56.700 someone to you the we are killing someone like an animal versus we are murdering someone and it's

02:52:04.040 like we're we as a society are murdering an individual so we need to take all these extra

02:52:09.280 steps whereas previously it would be like well this person's just some some something other than

02:52:15.260 us let's just shoot him let's just get rid of him as we would a rabid dog and i think part of the

02:52:21.960 the whole discussion on execution is just trying to reconcile those things.

02:52:26.060 And if you talk to most liberals, they'll be like, like there's state execution.

02:52:30.620 That means I'm murdering them, which is a strange way for that whole process to evolve.

02:52:37.700 And it's sort of tied to, and this is not something that Foucault talks about,

02:52:42.340 but I feel like it'd be cooler if he did.

02:52:43.960 and that's the kind of the the confluence of the idea of a citizen and like the polity itself

02:52:53.820 because you know when you have no political power right like if you're a serf does the government

02:53:00.980 really represent you you know like are you guilty for the actions of your state

02:53:08.140 realistically no but that moment and this is interesting from a french perspective because

02:53:14.280 the french sort of innovate this that every oh did we lose judas yeah he's not here right now

02:53:22.160 hold on just keep going you'll probably yeah sure i'll bring him back in but the moment in which

02:53:27.780 you know every person becomes a a citizen right the first thing you see associated with that

02:53:34.620 is the levay on mats right now okay now every man is a soldier the whole the whole society becomes

02:53:41.840 militarized but also right now you as a citizen are morally accountable for the actions of your

02:53:50.680 state so that that sort of enables total war you know because now when every part of society is

02:53:59.360 on a war footing you know part of the war machine now you know civilians become kind of war material

02:54:06.420 and so they're simultaneously given guilt and like a certain level of kind of like

02:54:13.040 false participation do you see what i'm getting at there dimes yeah yeah you'll just like with

02:54:18.020 the evolution of madness you start you see the evolution of how we understand crime over time

02:54:23.260 like you were just saying um and in madness and civilization i had always found it interesting how

02:54:28.180 uh madness at various points in any by the way let me just say that he focuses primarily on

02:54:35.620 europe in this there might be a case be made that it was different in the east or elsewhere

02:54:42.100 but he's pretty much focused on europe um and that was i was working on an idea earlier today

02:54:48.860 and i'm not sure if i am totally on board with it but it's i there's enough there of a germ of

02:54:55.220 an idea where i think the distinct european or western i'm using broad strokes here but the

02:55:02.820 european or western mind its tendency to systematize everything makes it makes us able to

02:55:10.800 identify madness perhaps more effectively than an eastern mind and our last clip that we did

02:55:18.520 um on we can find it on our odyssey channel i was talking about a academic paper that i had read

02:55:24.260 that was showing um the different linguistic differences between how different languages

02:55:30.580 would translate an english sentence and or it's english paragraph rather and that's a very

02:55:36.820 interesting project because a paragraph is built differently in different languages which also

02:55:43.060 molds how that individual thinks and so the author was saying that in english it's very direct

02:55:49.300 in Eastern Chinese sort of thinking

02:55:52.820 the way they build a paragraph

02:55:54.420 is they kind of circumnavigate it.

02:55:56.420 And he actually visualized it by like,

02:55:58.360 here's how they build a paragraph.

02:56:00.040 It's like a spiral almost.

02:56:01.540 And then more of a Russian mind.

02:56:04.540 It's kind of like this broken line graph.

02:56:06.260 So, but you can actually judge

02:56:07.480 how an individual thinks

02:56:09.640 based on how they build a sentence.

02:56:11.540 All I'm trying to say is that

02:56:12.940 I think the Western mind

02:56:14.240 with its tilt towards systematizing

02:56:17.160 makes it more effective at identifying that which does not exist in the system so we might have a

02:56:23.820 more advanced conceptualization of what madness is and what criminality is whereas other cultures

02:56:30.200 other peoples other races other whatever they might understand criminality and madness like oh

02:56:34.740 you're just something that doesn't belong here but we almost pathologize and put it under a

02:56:39.740 microscope and then a microscope within a microscope until it becomes this runaway

02:56:43.660 like metaphysical thing but like in africa they're not talking about this is basically what i'm saying

02:56:49.680 but hey that's just a different way i was i was looking at it that's kind of a meandering point

02:56:54.960 but hopefully something's useful in there well i think so because you see this in the transition

02:57:00.840 from the way punishment was in kind of the pre-modern world right where it's like okay

02:57:08.020 you stole something we're gonna chop your hand off you know or we're gonna whip you a bunch

02:57:12.160 or we're going to make you wear a silly hat and sit on a seat in public to being and you see this

02:57:20.500 phrase like rehabilitative you know this idea that we can we can fix you you know that there's

02:57:26.800 something kind of medically wrong with you that caused you to you know commit this crime against

02:57:33.520 society and one of the interesting things about in cold blood is that both of the characters have

02:57:40.740 you know these intensely horrible childhoods and you know it's said as much that that's why they

02:57:48.340 ended up this way you know that if they had been that they were blank slates you know and if they

02:57:53.080 had been parented differently you know if they had better material circumstances then they would

02:57:57.160 have turned out all right and i should say you know in cold blood is quite a good book it's

02:58:01.600 definitely written by a liberal it's definitely anti-death penalty but it's sort of a more

02:58:08.200 self-confident version of liberalism in the sense that it is still a dialogue you know that the

02:58:13.780 points that you know undoubtedly will be raised in this podcast are brought up in the book so it's

02:58:18.100 worth your time for that if nothing else well i like that you brought up in cold blood because

02:58:22.740 you know i'm just a bit of a pleb when it comes to this i'm more aware of the truman capote story

02:58:29.740 and like the author of of in cold blood and his relationship with the killers than i am the actual

02:58:36.820 work that he had produced which is arguably as famous like there's there's movies and books

02:58:42.040 about capote but his in cold blood sometimes gets lost in the wash the the status of the figure

02:58:48.340 but i don't know much about in cold blood so um just for myself and i suppose the folks at home

02:58:54.520 what's your take on in cold blood sort of the arc of that story um if you could kind of sell it

02:59:00.940 quickly yeah so as i've said before it's sort of it is the should we say based on a true story

02:59:08.880 chronicle of a quadruple murder in a kind of sleepy kansas small town by two ex-cons and then

02:59:18.420 kind of the story of you know what their life is like on the run you know you get a lot of

02:59:24.540 biographical detail about them and then kind of see the change in the community after this crime

02:59:30.560 And then, of course, you know, there's the spectacle of the trial.

02:59:36.240 And through that, obviously, he doesn't come down necessarily on the side of the murderers, but he certainly shows them in a, I don't even say sympathetic, but a relatively sympathetic light.

02:59:48.260 And I don't want this to come across as, you know, Truman Capote, the turbo libtard of the 1950s, the 1960s, because it's definitely sympathetic, but only to a degree.

03:00:02.860 You know, these men are murder rapists.

03:00:06.300 You know, there's only so much you can do with that image.

03:00:09.300 So I'm curious, how about, you know, I'll turn this around on you.

03:00:12.920 Could you give me the actual biographical details on this book as well?

03:00:17.020 oh on which book in cold blood yes yeah you said you were familiar with the story of the man

03:00:23.280 himself oh about Truman Capote uh what I know is what I learned from the movie Capote starring one

03:00:30.260 of my favorite actors Philip Seymour Hoffman is that he was like you said a liberal but an

03:00:35.540 intellectual and a homosexual and he became enamored with one of the killers during the

03:00:42.900 process of writing the book and i don't think it the question always emerged that like did that

03:00:51.540 hurt his objectivity with the story of the killers that he was so and he wouldn't say it's just like

03:00:57.000 some kind of gay lust thing like he he was an intellectual so he intellectualized them in some

03:01:02.340 kind of weird perverted way like that relationship was very strange because i believe they would have

03:01:07.400 been on death row when this was occurring so you're like he's falling for someone who was on

03:01:12.960 death row which is already crazy so like that's my understanding of the story and i don't think

03:01:20.280 he's he's not particularly a villain but i i know that always hung over the in cold blood like oh

03:01:27.160 was he maybe wearing rose tinted glasses when he wrote it i would say that that knowing that now

03:01:33.960 that makes sense because one of the killers especially is is presented and there's actually

03:01:38.740 a moment when was he presented with dewy skin and dreamy eyes in the book kind of yes and no he's

03:01:45.000 described this is not in the book but mentally he's basically described as johnny bravo right

03:01:50.200 like a kind of short guy who works out a lot uh with a bunch of tattoos and slick hair which

03:01:56.780 was i assume not what he was going for but it's my mental image the mind explodes at all the

03:02:03.580 dits that can come off of this it's got all these drawings in the book too they don't really make

03:02:08.920 sense but if i even if he actually literally just drew like retarded johnny bravo just just with a

03:02:16.220 shotgun just blasting away the like high school president of some small town well also because

03:02:21.760 on one of the other hand there is there is a way to explore the pathology here of someone being

03:02:26.820 attracted to a killer which women do because women would write murderers in prison why do

03:02:33.380 they do that um especially if they're in prison for killing other women um but something and this

03:02:42.340 is a question i'll leave up to the group because i don't have an answer for this so this is just

03:02:46.540 a feeling i get being i'm in my mid-30s so i kind of grew up in the whole columbine era

03:02:54.340 and the sense that i get is that sympathizing with killers seems to be out of vogue right now

03:03:03.080 There will be obviously liberals who try and defend murderers and defend criminals, but it seems to me like the 60s would have been the peak of trying to get them sympathy, whereas now people are very, very exhausted.

03:03:17.800 I don't see many people getting sympathy for any sort of mass shooter anymore, and maybe there was more in the past. I don't know.

03:03:25.020 but i i'm actually i'm gonna strongly disagree with that uh i think it was nicholas cruz

03:03:32.040 infamously had a lot of uh positive attention oh shit which was that the incel guy or is that

03:03:38.680 believe it was it was it was him or whoever shot up the school in florida where uh david hog was

03:03:44.160 yeah yeah you know what forget i said anything because now now i remember like oh yeah there's

03:03:50.220 also that got the incel the supreme gentleman who's a elliot rogers yeah okay forget i said that

03:03:57.060 shit maybe we actually lionize serial killers more than we ever have before never mind fuck

03:04:04.840 well that's like that's the whole uh the whole circuit that npr was running for a while with

03:04:09.540 that podcast serial right where it was basically like they found a guy who was like a pretty

03:04:16.500 pretty open and shut to straight up like wife murderer and they're like well you know it was

03:04:23.440 9 11 the country was at an all-time fever pitch yeah okay also so let's continue down this road

03:04:30.040 of how wrong i am so now that's why i brought you on dimes dimes is an idiot because i'm a i'm a

03:04:37.720 looney tune open up the gate right now because now because i i'm very passionate about true crime

03:04:44.440 media in the sense that i think it's all hack frauds um and it started with my investigation

03:04:51.240 into you what it started with me getting really into the west memphis three um with the series

03:04:57.320 of movies paradise lost there's three movies then there's a documentary by guillermo del toro

03:05:01.840 famous case with damien eckles and a couple other freaks um killing a few kids i won't get into it

03:05:08.760 but that was like one of those cases where people were advocating about how they were these guys

03:05:14.140 were innocent that they were railroaded by an uncaring civilization they were from a small town

03:05:20.200 so any anything in small town america is obviously full of small-minded bigots

03:05:24.740 and anyway long story short through my own investigation it was clear that these guys did

03:05:30.800 it it's clear that they murdered three little boys and then just like that um making a murderer

03:05:36.800 show on netflix remember that there was um i forget the guy's names but it was this famous

03:05:42.580 that must see documentary it was like the first tiger king where you got to see this it's about

03:05:47.900 how this guy's in jail for murder and he was railroaded by the small town chair he obviously

03:05:53.540 did it he obviously murdered this woman but you get a director and you get a producer who take

03:05:59.500 these guys on as their pet project and they like almost weaponize their sympathy and they're weaving

03:06:05.360 this whole narrative about how they've been done wrong by society these guys are clearly guilty

03:06:09.520 of the most heinous murders you could imagine and now it's but now it's just fucking everywhere

03:06:15.260 that serial one is a great example to the point where if there is sort of a true crime documentary

03:06:20.900 or podcast or show and they're trying to you know vie for someone's innocence i assume they're guilty

03:06:26.540 you know it's some fucking weird cold case where they liked the guy's eyes in a photo or something

03:06:32.120 and they're just i'm you know what i can go off of this for a while you know i saw the other day

03:06:36.060 it was capturing the freedman's judas remember that one what capturing the freedman's no the

03:06:40.640 documentary about this um i know we're on youtube i don't want to get too crazy with this

03:06:45.460 it's a family of chosen pedophiles and again there's some people who are like they were

03:06:52.640 these one guys are innocent very clearly guilty but the director's convinced of this one guy's

03:06:57.600 innocence and again guilty of the most heinous child rape you can imagine dozens of victims but

03:07:04.340 they're like no i think i think he's innocent like and you're committing your life to this sort

03:07:10.480 of insane sympathy anyway this is just a total tangent but i could go off forever about these

03:07:15.960 fucking frauds and it's it brings up a an interesting point from foucault where he

03:07:21.020 basically says like look like the spectacle never went away it's just the spectacle changed

03:07:26.440 and instead of being the spectacle of the execution right it's the spectacle of first

03:07:32.800 the investigation right which is like a rational process to determine you know kind of like the

03:07:38.720 the state of a human soul and then the trial you know and so now right the execution is almost seen

03:07:44.920 as like a coda at the end of it you know it's just like oh well you know if it's in a particularly

03:07:48.800 backwater state or country maybe we'll you know kind of like ashamedly you know strap them to

03:07:53.880 an electric chair or something but the the trial you know and the the institution of kind of like

03:07:59.320 the i guess the like the must-see trial is a is a very modern one you guys have anything to add to

03:08:06.260 that yeah it's almost the trial is the execution in itself and i think a lot of people who witness

03:08:11.500 trials now you're watching the social execution of an individual to the point where sometimes if

03:08:18.340 they die later you don't care like there's a lot of cases right now where an individual is paraded

03:08:23.420 in front of the court and if it's broadcast so they can be humiliated so you know what was the

03:08:27.860 guy uh the george floyd guy the guy the cop Derek Chauvin yeah Derek Chauvin I should I should know

03:08:35.340 this stuff what the heck but like that that was just like a total show trial everyone knows it

03:08:41.380 and it's it's a it's a ritualized execution and if you were to hear that Derek Chauvin

03:08:47.800 died in prison that would just be the period on the end of a sentence of execution basically

03:08:54.560 and actually you mentioned something interesting there about in madness and civilization he makes

03:09:01.480 a point um i think he puts the marquis de sade as sort of the pivot of this but how after asylums

03:09:09.040 were established and they kind of existed in the shadows you saw sort of the the rise of the rock

03:09:14.340 star status of like someone who is like in the someone who is institutionalized being dangerous

03:09:19.360 and therefore cool and then then the relationship that society had so consider like how this

03:09:26.800 started this started with civilization or the tribe or you have to think when this started

03:09:31.520 it would just be towns and villages and whatnot expelling someone you want them to leave and now

03:09:37.000 we're at a position where we almost want them back into society because they exist on the margins and

03:09:42.720 they're they're dangerous and cool so it's literally the exact opposite of what they should

03:09:48.120 be, which is put on a ship and sent down the river. That's where the ship of fools came from

03:09:52.820 and leper colonies and shit. It's interesting because you mentioned that, that there's often

03:09:59.240 times when, you know, when, when you say that, you know, Foucault has very interesting premises,

03:10:05.980 but to, to, to very opposite ends. And, you know, we have a, we have a friend in common,

03:10:11.780 right thomas 777 and he has a very interesting perspective on crime and punishment both as a

03:10:19.660 trial lawyer and as someone who is who spent some time behind bars right and he's i'm not revealing

03:10:25.800 that he said it himself and one of the things thomas 777 a trial lawyer he may not have been

03:10:32.280 i think he was i might have been wrong he might have been a uh disregard that he is a lawyer

03:10:38.040 disregard that disregarded that's going to the thomas 777 lore as far as trial lawyer

03:10:43.920 source some guy who said something once on a podcast the word trial the word trial is all

03:10:49.820 caps in it trial source it came to me in a thought yeah exactly i

03:10:56.240 anyway sorry back to the point in hand and he brings up this idea that

03:11:02.760 you know that prison kind of this idea to reform someone to kind of reach inside their brain and

03:11:10.100 change it it's actually a really horrifying idea when you think about it that there's something

03:11:15.520 kind of simple and plain about just like all right look you killed someone so we're going to

03:11:23.560 kill you yes and we can debate the virtues of that but the idea that it's somehow better to

03:11:32.080 be locked in a metal box where you're at risk of like non-consensual butt sex for 20 years

03:11:38.860 and that's somehow better it's like and i say it in a joking way but it is it is genuinely

03:11:44.640 monstrous but uh you know at least we don't have to look at it so it's fine right yeah what would

03:11:50.300 you rather be just shot in the back of the head or be raped for 25 years and everyone thinks it's

03:11:55.760 funny because that's that's what happens people say like oh don't drop the soap society thinks

03:12:01.820 it's funny that you're being raped racially because it's usually by someone not of your race

03:12:07.440 that's the thing liberals will add and then forget that they added that part

03:12:11.160 um but you had made a point there and i don't get too far ahead of myself but this is one of

03:12:17.780 the points he makes near the end of the book that i love and i don't have the quote in front of me

03:12:21.820 I'm going to paraphrase it, but he was talking about psychiatry and he gets into the, the book

03:12:27.400 goes right up until when he wrote it, goes right into the 20th century and Freud. And he talks

03:12:32.600 about how psychotherapy is like sort of almost a manifold sort of prison. He says, I'm trying to

03:12:40.120 think of what it was. It was, it's a different type of prison where the subject is constantly

03:12:47.040 forced to analyze himself and the therapist isn't just a constant monologue with him so it's like

03:12:53.620 a prison within a prison that never ends if you're in sort of like a mental hospital so it's like

03:12:59.720 you're not even safe within your own thoughts and it's breaking you down personally and you're just

03:13:05.200 getting uploaded all this stuff constantly sometimes forever and if you are an individual

03:13:11.320 Even if you're not a criminal, I think you can expand this out to the modern sort of therapeutic state, wherever you want to call it, where like the prison is people constantly forced to self-analyze themselves and erect these prisons.

03:13:25.360 We get very metaphysical here as a matter of course, but once you track how that evolves over time, I'm using the word evolve a lot, I apologize, but change, develop, whatever it might be.

03:13:37.720 He mentioned that, and I thought that it just made the idea of being in a mental institution so much worse than just being shot in the back of the head.

03:13:45.980 there's something and i think it's downstream excuse me of this idea that that that sin right

03:13:57.720 that uh you know a transgression against the social order is it's not something you did

03:14:05.240 right it's something wrong with you that you would do that so you know instead of being something

03:14:11.480 that you need to pay for, that you need to atone for. It's something that needs to be corrected in

03:14:17.860 you. So instead of, you know, instead of saying like, all right, you know what, you, you know,

03:14:25.840 you stole, you know, to use it, you know, more Levitical, like you stole $10, you have to pay

03:14:31.880 $30 back, right? You're making up for it. You know, there's a disincentive to do it again,

03:14:36.900 you know or a more like corporal you know like physical punishment where it's kind of one and

03:14:42.220 done you know it's instead you need to be reprogrammed right your mind needs to be remade

03:14:49.800 you know so you won't be the type of person that does such a thing and i think that that's the

03:14:54.600 horror of something like you know a clockwork orange right where it's this this horrifying

03:15:00.680 you know, therapeutic, you know, state that wants to reach into your mind and essentially,

03:15:07.300 you know, like mess with your neural impulses, you know, nudge you to, to, you know, draw

03:15:13.120 allusion to that, you know, book of into, into being like a desired state.

03:15:18.800 Yeah.

03:15:19.480 You mentioned something really interesting there.

03:15:22.820 There's this thing he mentions in the book about like the, how the concept of madness

03:15:30.200 changes over time and so you just mentioned there about how crime would just be action consequence

03:15:36.620 action consequence you steal and then you got to repay or something but there's events there's an

03:15:41.580 end there's a terminus at the end of that but then in the desire to systematize and in the desire to

03:15:48.660 be preventative which is usually what we're doing we're trying to identify people to prevent crimes

03:15:53.620 it's like you you didn't just steal you become a person who steals and i'm not using a value

03:16:00.100 judgment here i'm not trying to say that's good or bad or right or wrong it's just interesting to me

03:16:04.580 how we added a whole new categorization because when he talks about uh madness over time we see

03:16:11.480 madness initially linked with like biological factors and hygiene you were like a vagrant and

03:16:19.280 we saw these people now homeless people who are insane and also dirty and they're already on the

03:16:24.160 fringes of society you want to kick them out and then madness as we get into the 16th and 17th

03:16:30.940 18th centuries it becomes ingrained with christianity and so madness is seen as you took

03:16:40.180 on too much knowledge and that you invited the antichrist into your mind so you're almost too

03:16:46.220 inquisitive and looking into things that's you ate from the tree of knowledge and now you've

03:16:51.480 lost your mind and that's so you're just a guy who's sinned too much that's one way of looking

03:16:56.540 at it and then later on as we get into the enlightenment as we get into the scientific

03:17:02.460 revolution madness is seen as the shadow of reason it's like anti-reason so if you're insane

03:17:10.400 before it might be you're just a person who's kind of crazy get out of here and now it's like

03:17:15.300 you represent something you are, you're not only, you're not only the something we should keep away,

03:17:20.740 you're like anti-matter. We need to put you in a safe place because if you collide with this

03:17:28.280 reasonable society, you will destroy it. And then that, and then that kind of keeps going and going.

03:17:33.680 And we haven't really left that framework of seeing, and that is, look at where we are now

03:17:39.180 talking about the idea of misinformation there can be information that is destructive to other

03:17:46.140 information and we have to sequester that information almost as if it's a virus in itself

03:17:52.300 so we've just seen the acceleration of that frame in a sense it's if you think of morality

03:17:59.340 like if if rationality is being treated as a metric for morality like subconsciously by these

03:18:05.260 people that seems to be what they're doing right like the like you're saying things that are

03:18:09.100 rational are morally good is what you're they're implying and things that are irrational or morally

03:18:14.620 bad and then the the punishment then fits the crime which is well we're going to fix you we're

03:18:19.900 going to resolve you but what they're actually doing is worse than death they're deconstructing

03:18:24.060 you down to your your basic parts and then locking you in a cage for all eternity to rot

03:18:29.500 It's like a living hell.

03:18:31.780 Like, yeah.

03:18:32.400 And also it's crazy.

03:18:33.380 Like I was just saying, and then on one hand, there's the reactive part where they try and

03:18:37.640 treat that.

03:18:38.180 And now it's become so normalized.

03:18:40.220 You're supposed to predict that in yourself.

03:18:41.960 I feel like I might be getting a bit crazy.

03:18:44.600 I better start taking these pills.

03:18:46.960 Right.

03:18:47.260 So you've got people imprisoning themselves.

03:18:49.340 Again, this is why I enjoy Foucault for what he is, because, you know, we can see that

03:18:55.500 progress and it is relevant now.

03:18:57.860 it might not be relevant to everyone but i think people can like like most people will detect

03:19:04.040 something in society where it seems psychoanalyzation comes a bit too quick to people

03:19:09.880 like we're very very fast to psychoanalyze and categorize people as mentally unwell

03:19:15.300 almost as a convenience to shut them up but it's very like we're playing with fire here like

03:19:20.980 we live in a society where everyone's kind of gaslighting each other all the fucking time

03:19:25.760 and it's like that's it's a very strange way to live and i i do think it is the maximization of

03:19:31.360 this sort of thinking and some people will say oh that's just psychoanalyzation in the modern

03:19:37.160 psychoanalyzation that we they'll lay this at the feet of freud maybe but i like most things i'd be

03:19:43.200 i'm really annoying so i'm always saying like oh it goes back further than that

03:19:46.420 so one of the things that i think illustrates an interesting dynamic in this is the evolution

03:19:56.600 of felonies so it used to be that a felony was a crime for which death was a possible penalty

03:20:06.100 right so okay that's a very serious thing but but i was i was interacting with you know a friend of

03:20:11.940 Right. And they mentioned that, you know, that their senior or their, you know, when they were in high school, the seniors played a prank on the school and it got out of hand. And she's like, yeah, you know, I haven't really thought about that. So she went back and looked at it and she found out that a couple of the kids who ended up spray painting the school caught felonies for it. Right. Which is essentially like a charge that follows you around for the rest of your life.

03:20:36.320 It makes it incredibly difficult to get a good job, to do any number of normal things.

03:20:41.600 It restricts your ability to vote.

03:20:45.200 And it's absolutely baffling that a term which used to be the utmost crimes, those crimes

03:20:52.680 for which even if we decide not to hang you, you need to be marked with that for the rest

03:20:57.640 of your life, could be applied to something as absurd as essentially like overzealous

03:21:02.900 teenage prank.

03:21:04.160 you know and that kind of got me thinking on the growth of the felony that on one hand you know

03:21:11.320 the severity of the state right that the kind of like these theatrical public executions have gone

03:21:16.660 away but at the same time the number of things for which you are you know subject to state reprisal

03:21:23.640 has just grown and grown and one of the things that i think is interesting about that is that

03:21:29.640 you guys have made no secret of the fact that you are Canadian. And Canadian is kind of

03:21:36.360 like turbo blue America. And I believe that you guys abolished your death penalty much before we

03:21:42.820 did. Very proud of that fact. But you're also a country that euthanizes people. And to me,

03:21:50.740 at least, it's interesting, that kind of relationship with state power in the sense

03:21:56.420 that in one hand you know they're giving up their explicit right over life and death you know saying

03:22:02.700 like oh well we won't kill you for disobeying us but on the other hand it's almost being given out

03:22:07.940 as a like an administrative solution do you sort of see what i'm i'm poking at there yeah yeah well

03:22:15.260 it's interesting because once you deconstruct it like that because you would think that oh

03:22:20.920 these people and libertarians are probably like this where i'm i'm anti-death or i'm anti the

03:22:26.760 state causing death but in this case people are celebrating the state causing death but it's just

03:22:32.760 kind of pivoted away to we're not going to kill you we're just going to recommend that you kill

03:22:38.760 yourself and let us do it for you so this really isn't about life and death at all and i think if

03:22:46.160 maybe if you're a christian you would have a hard line on that like i'm just anti-death that's why

03:22:50.480 we have that it's just a line you don't cross i don't care who it is but once you start taking a

03:22:57.000 secular humanist approach then you'll find these very sympathetic people on the side of some of

03:23:03.380 the most heinous arguably war crimes that you can imagine um and i think the problem is no one

03:23:10.100 really thinks about it um people hear about it in the news but they don't want to admit to it and

03:23:15.700 maybe this has something to do with what you were saying about where how death is in the public

03:23:20.380 square and like it's all hypothetical like we're aware that the government is phoning people up

03:23:26.680 and telling them to kill themselves but it's still abstract it's still hypothetical

03:23:31.920 and i think just our relationship with death itself is is again too speculative at this point

03:23:39.560 so judas it sounded like you had something to add i'm sorry i cut you off like no no no it's fine i

03:23:46.220 just uh i that's kind of what i was saying earlier i think and you were kind of saying

03:23:49.740 the same thing like it's on the one hand you kind of have the state saying you have a traditional

03:23:54.860 moral judgment like you violated the rules you've done something that we view as wrong and we're

03:23:59.160 going to kill you as a result your punishment is being killed and then in canada it's almost like

03:24:04.340 like recently they uh they decriminalized possession of hard drugs at bc like that's not a

03:24:08.940 crime anymore it's almost like nothing's a crime anymore it's you know like in california where

03:24:13.260 you can walk into a shop and steal two thousand dollars of goods and they don't care in fact if

03:24:17.420 you try to stop them they'll arrest you so you're going in that direction where nothing you don't

03:24:22.060 have this classical morality anymore but it's not like the punishment went away it's just the

03:24:26.460 punishment like you said is administrative it's almost like an econ like it's the the the metric

03:24:32.620 for the for receiving the punishment is almost economic you know what i mean like if you think

03:24:37.460 of the people that receive them made like the suicide program in canada it's largely people

03:24:41.900 who are injured and can't work or are homeless um and then the government's like well you know

03:24:47.180 have you tried dying and it's okay so we're not killing rapists anymore because rapists can still

03:24:52.780 stamp license plates we're killing people who can't stamp license plates yeah i'm gonna go off

03:24:59.280 on a bit of a poetic tangent here but as we're talking about this i keep coming back to this

03:25:05.460 book that i read a long time ago but i really enjoyed it called darkness at noon and uh i read

03:25:12.340 this around the same time i was reading a lot of soviet related stuff it's the story of um one of

03:25:18.020 the first soviet revolutionaries living his life in the soviet union and him getting rounded up in

03:25:25.280 one of the purges and his experience going through the the machinery of the state and kind of

03:25:32.240 explaining his life story and i think you know you could read something like the gulag archipelago

03:25:37.300 it could read a whole wealth of soviet knowledge but i think this story really encapsulates the

03:25:43.220 entire arc of of the soviet man from the inside because he was like this guy's a diehard communist

03:25:50.000 he really believes that he was one of the first guys during the revolution and it still turned

03:25:54.900 against him so it's following his psychological break in a sense because this book i hope i'm

03:26:02.300 going to ruin it and basically the book ends after this whole truck this the show truck not

03:26:07.180 a show trial but he's being interrogated you know it's like it's kafka-esque in the sense that it

03:26:12.420 doesn't matter what he did there's no case he can plead and they know that and he knows that it's

03:26:17.700 just this strange phenomenon that he's going through and he just ends up shot in the back

03:26:22.800 of the head he's walking down like there's no glorious execution they say here's he's walking

03:26:28.120 down a tunnel this dingy fucking tunnel and underground and they said just walk and then

03:26:34.020 someone behind him shoots him in the back of the head and what always struck me was that at that

03:26:38.880 point he doesn't really give a shit if he dies and that's actually how the trial like kafka ends

03:26:43.820 too the point being that after the whole rigmarole after the trial after the the state deconstructs

03:26:50.620 you with its mechanisms you don't actually care when you're shot in the back of the head

03:26:55.340 and that when i hear about the suicide thing i'm like we're all just being shot in the back of the

03:27:00.320 head by the government and we're doing it in the shadows where no one can see and usually by the

03:27:05.220 time it happens we don't even care because they've had they've engineered a situation where you're

03:27:10.620 kind of happy that it's happening and that's a distinct and that was happening in the mid-20th

03:27:15.820 century and it's kind of happening now except you're asking for it from the fucking fat lady

03:27:21.640 on the phone that just might have been a depressing tangent but now you're in it with me

03:27:29.560 no no there there's a i think it's the the stranger by camu uh you know a famous absurdist

03:27:38.400 that features something it's kind of similar you know where it revolves around you know the main

03:27:43.240 character you know murdering someone in in self-defense and then essentially the the trial

03:27:49.920 wears him down to the point where he can't even he can't even really be bothered to defend himself

03:27:55.140 and obviously it's an absurdist and and camu is you know kind of his own animal but there there

03:28:00.800 is something about that where it's almost like you know the whole process of it you know where

03:28:06.380 you know justice can arrive you know three four you know 10 years afterwards it it's sort of a

03:28:15.680 you know, its own, like a ghastly punishment. And I don't say this as someone who's like

03:28:22.500 particularly a bleeding heart, you know, but it does just seem like, like, do we have to do this?

03:28:29.460 You know, like the other, other people were not encumbered by this. And, and as Ed Dutton would,

03:28:35.620 would, you know, remind you, they, they had much different results. You know, Judas, you were,

03:28:41.160 you were mentioning that you know the essentially like subsidized crime and in certain u.s states

03:28:45.920 right where it's like most societies didn't need to do this to themselves and they turned out

03:28:51.440 fine yeah and dutton would be the first to tell you him and many others that over time this has a

03:29:00.200 striking dysgenic effect so you let crime like this run rampant for a few generations you have

03:29:07.600 those genetically biologically predisposed to crime reproducing like you know people like to

03:29:13.840 mention idiocracy that's kind of a reductive example but um there's this old alt hype video

03:29:20.280 where i went through a phase where i was playing a lot of red dead redemption 2 and just having

03:29:25.200 alt hype videos kind of on a playlist so i don't know which one it was but he was talking about how

03:29:30.520 in the britain centuries ago the preponderance of execution just murdering so many criminals

03:29:38.960 like brought the iq up and essentially genetically removed remove those criminal genes whatever you

03:29:46.600 want to call them from the population which would be one of the reasons why you didn't see

03:29:51.460 so many criminals just emerging organically which is to say if you remove that uh eugenic factor

03:29:59.260 you will have this dysgenic propagation over time so there's real world results to this if

03:30:06.240 you just let this happen and there's something to it as well that in in a way the rule to power

03:30:17.340 and the rule to commit violence are the same thing you know and we started off this talking about how

03:30:23.260 You know, the public execution was the result of a self-confident state. You know, that is a state that basically says, like, yes, I am in charge. You know, if you violate me, you know, everyone is going to see you, you know, publicly humiliated and destroyed.

03:30:40.520 and obviously you know i wouldn't want to be the guy on the gibbet so to speak but

03:30:46.300 when you lose that will to inflict violence you lose that will to power you know they're connected

03:30:55.560 you're also connected to the to the to the will to wage war and i think that there is something

03:31:01.000 kind of comforting about the fact that it seems like our elites don't really have the stomach for

03:31:05.000 violence in that way uh that's a very good point no that's that's a great point and i'm glad you

03:31:10.840 returned to that because i was thinking about that as we were talking about you know a con

03:31:17.040 a nation that is confident in its own laws and its own values will be confident in how it deals

03:31:23.220 with those who transgress especially those who are behaving antisocially so it would go without

03:31:29.220 saying say yeah i'm going to kill you because you know you're you're an offense to everything we

03:31:33.160 represent but an unconfident nation like does this nation the north america broadly does it

03:31:41.340 even seem confident in its own punishments not really yeah except i guess with derek chauvin

03:31:46.500 where it becomes the big show trial but even when we're not confident in executing people

03:31:51.980 we're not confident about even imprisoning people anymore you know there might be some groups that

03:31:58.400 there's only a few groups that are celebrated when we imprison them you know for most people

03:32:04.120 it's like i don't think anyone's really comfortable with punishment period up and down the ladder

03:32:09.660 now what do you think about that i think i cut you off judas pretty much yeah i was just going

03:32:15.660 to make a comparison because you know we had bill c21 and the gun grab in canada and the big

03:32:20.940 argument was you know there's all of these functional good moral uses for guns and you're

03:32:25.400 taking them away and everybody kind of has come to the realization now that it has nothing to do

03:32:29.740 with gun crime right it's because there's good uses for guns and there's bad uses for guns the

03:32:34.860 bad uses for guns they're not talking about crime they're talking about us shooting politicians

03:32:38.180 they're worried about us shooting politicians so so long as there's guns on the table and we have

03:32:43.400 a moral normal justification for guns then the the bad use is always front of mind it can all

03:32:49.200 it's not there now but it's easy for it to bubble up to the surface so it's easier for them to just

03:32:53.280 say there's no guns on the table you're not allowed to have them there's no such thing as a

03:32:57.300 moral and good use for a gun and everybody ought to know that and then it's much harder for us to

03:33:01.500 cross the philosophical bridge to violence to overthrowing our government and i think the same

03:33:06.980 thing is true of of of like quote-unquote murder or capital punishment is like it's again if if

03:33:14.040 they have they want to have a monopoly on violence and create this huge philosophical divide between

03:33:18.760 the population and the government there can't be any part of the society where violence is done as

03:33:25.240 a as a symbol or as a ritual it always has like we kill people all the time in canada but we never

03:33:32.640 have the word murder or kill or anything and we make sure that it's medical and it's quite quiet

03:33:37.480 you know what i mean because if you have it it's like well hey the government is allowed to kill

03:33:41.360 people and it is a bit of a spectacle well it's like okay well maybe there's a bit of a quid pro

03:33:45.940 quo there sometimes so we're the only group politically that seems concerned with people

03:33:52.320 wanting to kill themselves everyone else says well that's their right they should be able to

03:33:56.940 kill themselves like no no one should want to kill themselves that's worse than killing someone to me

03:34:02.840 like putting them in a situation where like they're they're begging for death who here is

03:34:07.600 concerned about the suicide rate it's the freak shows on our side you know just like we seem to

03:34:13.380 be the only ones concerned about pedophilia too weird how that works i'll put it this way you

03:34:18.140 know we're in a dire strait we're in dire straits when my empathy is higher than the majority of

03:34:23.960 people you know i consider myself an unrelenting just curmudgeon you know i just just a despiser

03:34:30.120 of people and so what i'm like oh i'm the only one concerned we are we are in a bad place yeah

03:34:36.700 let me just say for the record i am an idiot psychopath i no one i shouldn't be on this show

03:34:43.620 i shouldn't be in a car i shouldn't be in a lot of things but you know that's that's more of a

03:34:49.600 comment on society that i'm where i am well and i believe that you're legally not allowed within

03:34:55.100 100 yards official material right like you're not allowed near a nuclear power plant

03:34:58.900 it's like you don't miss it until it's gone

03:35:03.900 you don't realize that i never got to go into it and then now well that's the thing you're like

03:35:09.880 this i see why saddam wanted all this yellow cake it's just so much fun

03:35:13.680 dimes you cannot go into the fucking old well museum like what the fuck i don't know why

03:35:22.500 his mom always said there's one rule in this house and it's don't make nukes

03:35:31.740 i give you one rule

03:35:37.080 like they do one of those shitty biopic movies like jadger you start with him as a kid

03:35:47.540 some traumatic thing and it was like oppenheimer's mom

03:35:51.840 hating nukes

03:35:54.700 Oppenheimer's abusive dad

03:35:56.840 no son of mine's gonna be making

03:35:58.920 bombs

03:35:59.720 no son of mine's gonna be a nuclear physicist

03:36:02.240 just whipping him with a belt

03:36:04.780 go to Broadway like your old man

03:36:08.860 you're gonna be a male

03:36:10.900 nurse

03:36:11.440 do you know how many catheters

03:36:14.660 these hands have put in

03:36:15.940 do you know how low my

03:36:20.740 IQ is

03:36:21.840 i can't read

03:36:25.020 i haven't seen this movie now i don't want to yeah me either i like my my own version of this

03:36:33.180 movie better fuck what are we talking about we're talking about i think rape right oh yeah of course

03:36:40.400 i mean that's that's that's every episode we have to you know if you're really asking the

03:36:47.560 the big questions, right? You're like, Oh, there, there's the,

03:36:50.240 there's the tip of the iceberg, you know, like, Oh, you know,

03:36:53.680 maybe feminism isn't so great. And then you get to the bottom, right?

03:36:56.460 That subterranean, like Marianas trench level. And it's just rape period.

03:37:02.060 It's just at the bottom of Marianas trench.

03:37:04.320 It's just a button that says delete women.

03:37:10.400 All right, guys, we are, we are coming up on, on time. So, so if my,

03:37:14.780 if my fans want to find you you know what's a good way to to find your work okay well uh the

03:37:19.700 easiest way is go to bloodsatellite.ca you can find all of our clips and links to the full episodes

03:37:26.000 there we're also on telegram we had a youtube but we just got banned from that for silly goose

03:37:32.140 reasons but so our primary channel right now is on odyssey you can find clips from the longer

03:37:36.840 episodes um yeah that's the best way to find us bloodsatellite.ca i would also like to issue a

03:37:45.140 a massive apology for referring to the people who listen to this podcast as fans

03:37:50.340 it was it was a it was a slip of the tongue and i feel dirty for having said it what do you like

03:37:56.560 to call them uh miscreants just human detritus i tell you what i always say we don't have fans

03:38:04.080 we have friends of the show there you go yeah a friend of the show uh dimes well anyway guys uh

03:38:11.680 thank you so much for coming out i appreciate it it was a fun episode and as far as i had a great

03:38:16.140 time i had a great time i hope i got to cover because there's a lot we could get into i hope

03:38:20.760 we got to everything you wanted to cover and i didn't uh deviate too much oh no look as i as i

03:38:26.340 said backstage i want to talk about fuko but really this is an excuse to talk to people that

03:38:31.680 i think are fine you know and i think this is an entertaining episode nice okay good and thank

03:38:36.960 you're the only other guy i know who's probably read fuko so this has been very big i had a great

03:38:43.180 time we sort of talked about fuko i read fuko and then we managed to talk about uh prison rape

03:38:51.880 having sex with a dead dog and deleting all women it's all at least two out of three yeah

03:38:56.680 two out of three of those were highly relevant to the source material

03:38:59.780 all right guys you know where to find me the show is available on apple spotify youtube you know

03:39:07.640 wherever you want to find it i should say that i i am increasing how much i show my sponsor because

03:39:13.100 now i actually get paid for it so if you want to sign up for axios fitness and you use the code

03:39:18.020 beaver i get a kickback i was doing this for free before and now i get paid so i care a lot more than

03:39:24.660 I used to. It's amazing how incentives work. But anyway, the new segment of Axios is starting.

03:39:30.440 It's a weight loss focused, kind of low equipment focused set. I've really been enjoying it. I'm

03:39:35.720 down five pounds and some change. It's pretty decent. And if you want to join in and see how

03:39:41.600 well I'm doing, as well as the rest of the guys, you can click the link in the description and do

03:39:44.740 that. And again, blood satellite, guys. Thank you so much. And everyone at home, keep your head

03:39:51.440 up. Well, I can't last forever. Good night.

Blood Satellite - September 01, 2023

In a Bear Market, there’s Always Room for Barted Bull Trading [＂hot Cp24 got guacamole＂]

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