The Michael Knowles Show - July 28, 2026


Ep. 2025 - 3 Dead In Seattle Mass Shooting： Media Hides Race Of Shooters AGAIN


Episode Stats


Length

49 minutes

Words per minute

175.11

Word count

8,739

Sentence count

670

Harmful content

Misogyny

21

sentences flagged

Toxicity

47

sentences flagged

Hate speech

88

sentences flagged


Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
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00:00:37.880 up to $500,000. Cardiff.co slash Knowles. A mass shooting in Seattle leaves three people
00:00:43.520 dead and four people injured, and the reporting on the suspect in custody teaches us all an
00:00:49.260 important lesson about race and the criminal justice system. Then, a knife-wielding would-be
00:00:54.280 killer in Paris stabs three women, including a pregnant woman, while yelling that Allah,
00:01:00.000 commanded him to do it. And the French interior minister is reporting that police are now
00:01:05.540 investigating to figure out the motive. I really, I hope, I hope they can crack that case. Call in
00:01:11.560 Sherlock Holmes. Then in cultural news, conservatives score a major win, a long
00:01:17.140 awaited major win at Cracker Barrel. I'm Michael Knowles. This is the Michael Knowles Show.
00:01:30.000 Welcome back to the show. In Berlin, a Muslim just drove a car into a pride parade. It's a 0.99
00:01:46.800 little confusing. Don't confuse that with the Muslim who stabbed a bunch of people, 0.97
00:01:50.540 including the pregnant woman in Paris. Those are different incidents. We won't get to all
00:01:55.420 of the incidents that seem to happen every single day because I'd have to extend my show to 17
00:01:59.480 hours. First, though, let's start in America. In Seattle, there was this festival going on,
00:02:04.400 the Bite of Seattle Festival. I guess it's a food festival. And there was a mass shooting there.
00:02:10.260 Really, really sad. Three people were killed in the shooting. At least four others were injured,
00:02:15.800 including a two-year-old kid. Really horrific. So everybody pray for the victims,
00:02:21.300 the people who are recovering. There is a suspect in custody. It seems that there's one
00:02:27.720 suspect in custody, one suspect might have been killed in the shooting, and there's another
00:02:34.380 suspect that last I was checking the news before this show is still on the loose. The suspect who
00:02:40.380 is in custody is a 15-year-old, and that's all we know. At least that's all we're supposed to know.
00:02:48.640 According to court papers, as the media don't want to talk about this, the prosecutors don't
00:02:54.400 want to talk about this. The politicians don't want to talk about this. But some actual journalists
00:02:58.160 out there are looking into court papers. They found out that the suspect arrested is a 15-year-old
00:03:04.140 and they'll give us an update on the one who's still on the loose.
00:03:09.160 Why is it that all we know about the suspect is that it's a 15-year-old? Here we have Seattle
00:03:17.560 Mayor Katie Wilson giving us something, anything more to know about the alleged perpetrator.
00:03:24.400 Shortly after 6 p.m. last night, officers responded to the sound of gunfire.
00:03:29.560 They were assigned to support Bite of Seattle and were on scene within seconds and took one suspect into custody.
00:03:37.480 No police weapons were discharged.
00:03:40.280 We believe that two people exchanged gunfire outside the Seattle Center Armory.
00:03:46.280 Seven victims were caught in the crossfire with a possible eighth.
00:03:50.040 A 19-year-old man, a 44-year-old man, and a 56-year-old woman were killed.
00:03:56.740 Two died at the scene, and a third passed away at Harborview Medical Center.
00:04:01.940 Official identification will come from the King County Medical Examiner's Office.
00:04:06.640 The Seattle Police Department detained a 15-year-old juvenile in connection with the shooting.
00:04:13.040 The teen was booked into the Judge Patricia H. Clark Children and Family Justice Center
00:04:18.020 for investigation for firearms violations and first-degree assault.
00:04:22.880 We believe this teenager opened fire in the crowd, but details are still under investigation.
00:04:29.500 This individual will have a first-appearance court hearing at 1.30 p.m. today.
00:04:34.920 And again, we have not formally arrested anyone for investigation of homicide.
00:04:39.240 Okay, one phrase should really leap out to you here as being pretty weird.
00:04:44.920 And that would be the phrase 15-year-old juvenile.
00:04:49.020 15-year-old juvenile.
00:04:51.360 That is a redundant phrase.
00:04:55.200 Most 15-year-olds, last time I checked, are juvenile. 0.59
00:04:59.820 It's like saying a short midget. 0.99
00:05:02.160 Why include that word? 0.97
00:05:04.660 Why just repeat the one detail you're telling us?
00:05:09.240 But it would seem to me it's because the mayor doesn't want to give any additional details.
00:05:14.980 It's a 15-year-old juvenile.
00:05:16.920 It's a teenager.
00:05:18.440 It's an individual.
00:05:19.600 Yeah, I figured it was an individual.
00:05:20.760 Usually when you arrest one person, it's an individual.
00:05:23.660 So usually, I hope that people aren't possessed.
00:05:25.820 You could say that it's legion because there are many.
00:05:28.980 Why are we getting so few details?
00:05:31.600 We all know why.
00:05:33.060 We all know why.
00:05:34.120 because we can now conclude that the suspect is not white.
00:05:41.580 That's why. 0.99
00:05:42.720 I shouldn't laugh about it.
00:05:43.820 It's very sad.
00:05:44.600 But it tells us something very, very important about our political system,
00:05:47.860 our justice system.
00:05:49.220 Andy Ngo, an actual journalist, releases a picture of the alleged suspect.
00:05:54.800 And it would appear to be, it's actually unclear if it's a man or a woman,
00:05:59.640 but very much not a white person.
00:06:02.420 Very much a black person.
00:06:04.120 And to Andy's point, Andy, who's done incredible journalist work on the trans issue and gender
00:06:10.800 politics and Antifa, points out these days, when the details are omitted on sex, you can
00:06:17.980 almost certainly conclude it's a man or at least not a straight person. But this goes back to the
00:06:24.120 old Ann Coulter rule. Ann Coulter made this point, I don't know, 10 years ago. The longer it takes
00:06:29.360 the media to tell you the race of the alleged killer, the more certainly you can conclude,
00:06:36.720 with greater certainty, can you conclude that the suspect is not white? Now you'll say,
00:06:43.340 Michael, you're being unfair. You're jumping to conclusions. You're stretching this too far.
00:06:47.880 It might just be that the media don't want to get ahead of themselves. The prosecutors don't want
00:06:53.660 to get ahead of themselves. And so they'll release the details eventually, but it would
00:06:56.480 be totally irresponsible to release something like the race of the alleged perpetrator so
00:07:02.300 suddenly. However, I can't help but recall, perhaps you can recall this, that Buffalo
00:07:09.520 market shooting a few years ago, back in 2022, Buffalo market shooting, immediately after the
00:07:17.560 incident happens. This is as the scene is unfolding. Here's how CNN reported it.
00:07:21.640 as we learned in the press conference this shooter is now in custody he has an 18 year old
00:07:27.000 white male who officials say drove into buffalo from outside the community as you heard there
00:07:32.440 from the mayor 18 year old white male so you're hearing this from cnn as the scene is unfolding
00:07:37.080 cnn which hears it from the prosecutors and investigators and the politicians as the scene
00:07:41.720 is unfolding well maybe that's just a one-off in the buffalo shooting right uh no actually if you
00:07:46.420 go back to the Highland Park shooting. Do you remember that one in 2022? Immediately after
00:07:51.600 the incident happens, the news media report, it's a white guy. Okay, Michael, that's two examples,
00:07:57.520 but can you pull? Oh, yeah. El Paso Walmart shooting, 2019. Immediately. Go look it up.
00:08:03.280 I didn't impose upon the producers to print the stacks of reporting on all of these incidents.
00:08:08.940 Immediately as it's going on, they say it's a white guy. Dayton, Ohio shooting, 2019.
00:08:15.260 Immediately, it's a white guy.
00:08:16.660 The Tree of Life Synagogue shooting, 2018.
00:08:18.900 Immediately reporting, it's a white guy.
00:08:20.440 The Emanuel AME Church shooting, 2015.
00:08:22.860 Immediately, as it's going on, it's a white guy.
00:08:25.720 It is just, it is a law of media and of politics and of the law, effectively,
00:08:33.600 that when the alleged shooter is white, you immediately say it's a white guy.
00:08:38.500 And when the alleged shooter is not white, which is most of the time,
00:08:42.220 per capita, statistically, most of the time, you do everything you can to hide the shooter's race. 0.91
00:08:50.440 I say most of the time because non-white people are much more likely to commit shootings than 0.99
00:08:57.500 white people. Black people commit shootings at six to eight times the rate of white people. 0.99
00:09:04.260 So if race were pertinent at all, clearly it's pertinent to the media, to the prosecutors. 0.99
00:09:08.440 It's very relevant to them when it's a white guy.
00:09:11.280 But if race were so important to the media, then surely they would report the race in the majority of cases.
00:09:19.280 They would report the race when it is statistically correlated to shootings. 0.94
00:09:25.260 But they don't because they don't like white people.
00:09:29.060 Because it's not just about racial animus.
00:09:32.680 Because that tells us something about our criminal justice system.
00:09:35.900 I'm not telling you anything you don't know.
00:09:38.180 Everybody who's paid attention to the news for more than five seconds
00:09:41.740 knew immediately when the race of the perpetrator, alleged perpetrator, was withheld,
00:09:47.000 they knew it wasn't a white person.
00:09:51.400 How do they then go on to report it? 0.93
00:09:54.840 If it is black people who commit the crime, where does the fault lie? 1.00
00:09:59.980 You know, the fault lies with the guns. 0.99
00:10:03.180 It's our gun culture.
00:10:04.240 It's those dastardly guns that just sprout out legs, jump off of the table and start shooting 0.98
00:10:09.700 people. And sometimes accidentally they wind up in the hands of black shooters. If it's a trans 1.00
00:10:17.200 person who commits a shooting, which is frequent, then who's at fault? Certainly can't be the
00:10:24.860 perpetrator. It's not the trans guy or girl or whatever they are. It's the fault of phobia. 0.99
00:10:30.680 It's the phobia.
00:10:31.440 It's society drove the poor beleaguered trans people who were oppressed under the various
00:10:38.300 phobias for years. 1.00
00:10:39.360 That's what drove them to commit the crime.
00:10:41.300 They're barely guilty. 1.00
00:10:43.100 If it's a foreigner who commits the crime, where does the fault lie? 0.98
00:10:47.320 You know, the fault lies with America. 0.99
00:10:49.740 Because America has not been welcoming to the stranger.
00:10:52.640 America is xenophobic.
00:10:54.220 America colonized the world.
00:10:55.520 We actually didn't colonize the world.
00:10:56.660 But America as the greatest nation of the West, the West did colonize the whole world.
00:11:01.680 So it's the fault of America and Western civilization.
00:11:06.440 The only time it's the shooter's fault is when it's a white guy.
00:11:12.460 So am I just an old man yelling at the clouds, screaming at the unfairness?
00:11:18.660 And if the roles were reversed and the situation, the shoe were on the other foot, then no.
00:11:23.120 the reason this matters politically is because this reporting from the news media and from,
00:11:31.540 especially from the prosecutors and the politicians, this reporting is itself
00:11:36.180 evidence of a two-tiered system of justice. This is why you're going to see uneven prosecutions.
00:11:46.660 This is why you're going to see people attempting, at the very least, to throw the book at the white
00:11:52.760 guy. This is why you're going to see people treated differently. You can't separate these
00:11:59.480 things. You can say, well, yeah, maybe the media are irresponsible, but don't worry. Our courts
00:12:03.600 are going to handle this the right way. Okay, yeah, maybe some prosecutors or, okay, maybe
00:12:08.080 certainly some politicians are going to be irresponsible here, but don't worry. The actual
00:12:13.140 legal system will treat this differently. That's not the case. That's not the case. I mean, look
00:12:18.660 look at uh january 6th sorry january 6th the worst day ever in the history of this or any republic
00:12:25.420 uh look at how those guys were prosecuted compared to how the blm rioters were prosecuted they
00:12:30.880 weren't effectively or when they were prosecuted they were let off with a slap on the wrist the
00:12:35.160 the january 6th people who cracked a coors light in the capital rotunda those guys got solitary 0.55
00:12:40.240 confinement for 48 months the midwestern grannies were thrown in the clink and then the guards threw
00:12:45.680 away the key. The very fact that the media and the politicians talk about investigations and 0.66
00:12:56.080 crimes this way tells you, they are telling you, that they are treating different people
00:13:03.020 differently. And you saw an extreme version of this just about a month ago in the UK where that
00:13:08.840 poor young white guy was stabbed to death by the Sikh guy, the child of immigrants. Cops show up 1.00
00:13:14.580 the scene, and they make fun of the victim. They don't believe the victim. They kind of blame the
00:13:20.860 victim. They let the victim bleed out while they're joking with the victim's killer.
00:13:24.500 And it wasn't just the cop's fault. That was a habit and a prejudice that was cultivated
00:13:28.940 by the government itself, by the College of Policing in the UK, which had the race action plan,
00:13:35.120 which said that we don't want colorblindness. You need to go softer on non-white people, 0.98
00:13:39.560 and you got to go tougher on white people. The way that law actually works in politics is not 0.90
00:13:46.960 just according to the letter. It's not that statutes and constitutions have a force in
00:13:52.720 themselves. What statutes and constitutions do is they motivate and condition and shape behavior
00:14:00.260 and habits and prejudices and inclinations. And that is what you're seeing play out.
00:14:06.220 the CNN editors probably aren't even conscious of what they're doing.
00:14:11.560 The mayor probably isn't even all that conscious. It's just a habit. White people need to be treated
00:14:18.320 more harshly because of intersectionality and systemic injustice and oppression and the legacy 0.98
00:14:22.900 of slavery and whatever. They'll ex post facto fill in the blanks as to why. But that is the
00:14:29.080 system that we are under, and it's not just an accident, and it's not just a one-off.
00:14:34.040 We see this every single time.
00:14:37.360 Obviously, that's not an argument to go softer on the white guys.
00:14:39.740 It's an argument to go tougher on everybody else.
00:14:42.600 But that is the system we are currently under.
00:14:45.140 It is ubiquitous.
00:14:48.400 There is a two-tiered system of justice in the United States, and it is reflected everywhere.
00:14:53.540 In the media, in the political offices, in the classrooms, in ordinary behavior.
00:14:58.020 Because the law is a teacher, and it conditions behavior, and it conditions the behavior of everybody.
00:15:02.080 Okay, so let's leave the United States for a second. Let's go to Paris, because there was
00:15:07.400 this big stabbing in Paris, and the stabber was shouting out his motives. And I don't know,
00:15:14.180 maybe he was speaking another language, or maybe the French politicians don't speak French that
00:15:18.340 well, because they are absolutely befuddled. Before we get to Paris, I want to tell you
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00:17:04.560 first 30 days free. A knife-wielding lunatic goes to the streets of Paris in the north part of the
00:17:13.500 city and just start stabbing. He's just stabbing people, including a pregnant woman. Two of the 0.91
00:17:18.580 people were in critical condition. I think one person, it was more superficial injuries.
00:17:23.020 I don't think anyone has died yet. I hope they all survive. We should pray for them.
00:17:27.740 This guy, as he was stabbing, he said that he was commanded to do it by Allah. So this guy,
00:17:37.680 who, you know, doesn't look the most Parisian.
00:17:42.660 I mean, I guess now the average person in Paris
00:17:44.700 looks like he's from Syria or something. 0.95
00:17:47.120 But so in that way, he looks like a typical Frenchman,
00:17:49.620 but he doesn't look like Charles Martel, let's say. 0.73
00:17:52.360 And he is yelling about Islam,
00:17:56.100 you know, this foreign religion with this motivation,
00:17:58.240 with this behavior that's kind of foreign to Paris,
00:18:00.640 though increasingly common. 0.79
00:18:02.360 He says, I am stabbing people.
00:18:04.520 He's effectively saying, I am stabbing people 0.98
00:18:06.340 because the God of Islam told me to.
00:18:09.320 And what does the interior minister,
00:18:11.800 Laurent Nunez, say,
00:18:14.260 says that the motive is still unknown.
00:18:17.520 The motive is still unknown.
00:18:21.620 I think we know the motive.
00:18:23.200 I think I'm not, I'm no Sherlock Holmes.
00:18:26.060 I'm no Father Brown,
00:18:27.440 but I'm pretty sure if you put me,
00:18:29.840 I'll volunteer for the French. 0.91
00:18:31.140 If you put me on the case, 0.96
00:18:32.740 I think I can solve it in 42 milliseconds.
00:18:35.880 I think we know what happened. 0.76
00:18:39.480 I think the French probably know what happened.
00:18:41.360 The French are a smart people. 1.00
00:18:43.420 I have a million terrible things to say about the French,
00:18:45.540 but they're a smart people.
00:18:47.280 So they know what happened.
00:18:48.700 They just don't want to say it.
00:18:51.440 When it's a white guy, they know the motive immediately,
00:18:54.220 which is racism or bigotry or whatever, 0.99
00:18:56.300 but the epidemic of white male violence. 0.97
00:19:00.060 But when it's a not white guy, slightly this guy, 0.78
00:19:03.260 you know, he's actually kind of white looking,
00:19:04.280 but he's a little dusky, a little on the swarthy side. We Sicilians can spot it.
00:19:09.500 They cannot tell you. We go through this ritual, a ritual that has become part of our criminal
00:19:15.160 justice system in the United States, in continental Europe, and in the UK, the ritual
00:19:19.940 of pretending not to know. There's that meme that you see go around. It says,
00:19:24.780 so much of left-wing discourse is just them pretending not to understand things,
00:19:29.940 thus making communication impossible. Well, that is one of the rituals of our Western
00:19:35.820 criminal justice system now, is when a foreigner commits a crime, you have to pretend not to 0.99
00:19:40.840 understand it. In this case, I shouldn't say it's funny. There's a very dark humor to it. 1.00
00:19:45.140 In this case, the alleged perpetrator is literally screaming at us saying, I did this because of
00:19:51.980 Islam. Allah made me do this. They say, I just can't figure it out. I just, if only I knew I
00:19:59.400 I should have gotten my PhD in criminology.
00:20:01.100 I should, my master's degree is not sufficient. 1.00
00:20:03.540 Why did, I, because of it, Allah, you idiot. 0.99
00:20:06.200 I'm telling you why I did it. 1.00
00:20:07.440 No, no, you don't understand.
00:20:08.740 I'm trying to figure it out.
00:20:09.500 Please, please, perpetrator, quiet down.
00:20:11.140 I'm trying to figure out why you were stabbing all those people.
00:20:13.800 Not just in Paris.
00:20:15.200 If you look elsewhere in Europe, same time period, same as that's happening like every day.
00:20:22.420 There was a Muslim attack on a pride parade in Berlin. 0.76
00:20:28.020 Put aside your feeling on pride parades.
00:20:29.400 for a second. I think we should all agree. I want to banish pride parades from the face of the
00:20:34.660 earth, but I don't think we need to run the people over with a car. This was near the Brandenburg 0.99
00:20:38.360 Gate. Guy drives a car, then gets out of the car, starts attacking people with a machete,
00:20:45.180 fled on foot. 65-year-old woman was killed, 29 people injured. The alleged perpetrator's name,
00:20:52.840 Not a German name.
00:20:54.580 It's not Heinrich.
00:20:56.300 It's not Friedrich.
00:20:59.740 It's Abdul Balut, 21-year-old German citizen of Lebanese descent.
00:21:06.400 He was born in Berlin.
00:21:08.060 He's German by birth, I guess, to parents who were Lebanese.
00:21:13.880 Now, the fact that he was born in Germany creates a little bit of a problem. 1.00
00:21:17.460 Because I think for most of us, we would say, hey, guys, why don't you just get rid of all these people? 1.00
00:21:21.760 Why don't you just deport them? They keep driving their cars into your markets.
00:21:26.540 Germany, famous for its beautiful Christmas markets, basically can't have them anymore 1.00
00:21:31.660 because Muslims keep driving cars into them. I was in Germany last October, 1.00
00:21:37.520 very excited for Oktoberfest. That'll be a lot of fun. I was in Bavaria, but they didn't really
00:21:43.120 have Oktoberfest because Muslims keep driving their cars into stuff. So you'd say, oh, why 1.00
00:21:48.400 don't you deport these guys? You might say, well, because this guy was born in Germany. 0.87
00:21:51.020 So therefore, they can't deport him.
00:21:52.880 But Germany, unlike the United States, 0.99
00:21:54.540 especially since this recent stupid Supreme Court ruling on birthright citizenship, 0.98
00:21:58.160 Germany doesn't have a hard, firm version of birthright citizenship. 0.98
00:22:01.800 If you are born in Germany to foreigners, you're not automatically a German citizen.
00:22:07.060 If you're born in Germany to parents who became German citizens,
00:22:11.700 then you have more protections. 0.56
00:22:13.800 But they don't even have this firm birthright citizenship.
00:22:16.420 There are plenty of ways to tweak the law 0.85
00:22:17.680 so that you can get the people who keep stabbing and driving their cars into things
00:22:21.000 out of the country. Especially in this case, the suspect in this case
00:22:26.100 had a rap sheet a mile long. This guy who's been in Germany his whole life 1.00
00:22:29.960 had a bunch of juvenile convictions. He was known to authorities, committed a bunch of crimes.
00:22:36.340 They didn't get rid of him. Then he was posting on social media all sorts of ISIS propaganda.
00:22:42.700 That should have raised some red flags. Maybe at that point you say, all right,
00:22:45.620 the juvie convictions will let you stay. But when you start posting ISIS propaganda,
00:22:49.240 then you got to leave. That didn't do it. Last year, this guy travels to Syria to join ISIS.
00:22:57.600 He went to via Turkey or Lebanon and tries to go to join ISIS. He was arrested in Lebanon
00:23:04.760 for incitement related to religious conflict. What did they do? They extradite him to Germany.
00:23:12.980 And even at that point, even when the guy says, I want to join ISIS, I am a criminal. I've been
00:23:18.840 a criminal my whole life. I support ISIS and have for years. I'm trying to join ISIS, but they won't 1.00
00:23:24.340 let me. Germany says, yes, well, come back in. Yeah. Yeah. Let me get you a little beer. Yeah.
00:23:30.720 I'm a beer bitter. Here you go. Hello. We want you back here. Now, just please don't drive your
00:23:36.040 car into any markets, please. And what does he do? He says, I'm going to, I'm going to drive my car
00:23:39.720 into markets. Oh, well, you, please don't. You better not. On and on it goes. I won't even,
00:23:47.620 You can read the whole story. Every detail you read should get you angrier and angrier. So what
00:23:52.040 do we conclude from this? What we have to conclude is that the politicians want to destroy their
00:24:00.760 countries. I am always a glass half full, look on the bright side, try to see the good in people,
00:24:06.280 try to understand the motives. But here in Germany, in France, in the United States,
00:24:12.180 in the UK, throughout the West, at a certain point, the patterns are undeniable. All of this
00:24:18.080 keeps happening. And then our governments go out of their way to protect the perpetrators,
00:24:23.880 to empty out the prisons, to let the criminals off the hook, even if they have a rap sheet a
00:24:28.900 mile long, to try to abolish prisons as the Democrats, as AOC and her whole squad, people 0.99
00:24:34.500 like her, have tried to do here in the United States. They want to destroy their countries. 1.00
00:24:39.460 So why do they want to destroy their countries? I think the most charitable read I can have
00:24:45.900 is that it's a combination of guilt and greed. They feel guilty for our civilizational success,
00:24:56.100 wealth, accomplishment, the fact that we're the good place to live and everyone wants to come
00:25:01.800 here because it's nice. So there's a guilt that they feel for that. A guilt that is really unearned.
00:25:08.340 They don't even have the right to the guilt in the sense that all these politicians who are welcoming in people who explicitly want to kill us, none of those people built our civilization.
00:25:19.900 None of them wrote the great works of Bach or Mozart.
00:25:24.040 None of them painted the Sistine Chapel.
00:25:26.380 None of them established our system of law and civil society.
00:25:29.800 They're doing their best to undermine all of those things.
00:25:32.440 And yet they still feel a kind of a guilt.
00:25:35.460 And I think there's greed.
00:25:38.340 which is that they realize that we're a decadent civilization.
00:25:41.640 We don't have enough kids.
00:25:43.120 We all have welfare states.
00:25:44.160 We can't support the welfare states, so we import cheap labor.
00:25:48.160 That's really what it's about.
00:25:50.360 But that is why, especially the greed part,
00:25:53.580 but even this kind of pathological guilt,
00:25:56.000 that is why they will not fix the problem.
00:25:59.260 And so there's this temptation,
00:26:00.820 which I alluded to at the top of the show.
00:26:02.440 There's this temptation from the pundits to say,
00:26:04.360 no, no, you guys don't understand. 1.00
00:26:06.980 The Muslims keep stabbing people. 1.00
00:26:09.060 No, no, you don't. 1.00
00:26:09.780 They're going to keep driving their cars into markets.
00:26:11.820 No, no, no.
00:26:12.200 You don't understand. 0.97
00:26:14.040 We need a colorblind system of justice. 0.56
00:26:16.200 You don't, you're being unfair to the white people or to this people or that people.
00:26:21.160 They know.
00:26:22.900 At a certain level, they know.
00:26:25.260 And even if they're not totally conscious of it, their behavior is shaped this way because
00:26:28.980 this is how the system operates.
00:26:31.520 So you're not going to win an argument with these sorts of politicians,
00:26:37.240 with the power brokers of our civilization.
00:26:40.160 You're not going to win an argument and the scales will fall from their eyes
00:26:43.200 and they'll say, oh, you're right, we were wrong.
00:26:45.060 We shouldn't support the criminals.
00:26:47.840 There are structural problems here, not the least of which is the one that I just mentioned,
00:26:53.440 which is that we don't have any kids anymore.
00:26:54.800 If you could fix the kids problem, which itself can't be isolated from economic problems, political problems, material problems.
00:27:04.560 But if you could fix the kids problem, like 93% of your political problems would go away overnight. 0.50
00:27:11.460 If you could fix the kids problem, you would fix our immigration problem.
00:27:15.680 You would fix our debt problem.
00:27:17.340 We have a massive debt problem in America.
00:27:18.780 Europe obviously has a huge debt problem.
00:27:20.400 You would fix our social solidarity problem, a lot of which is caused by mass migration.
00:27:24.800 and the inherent difficulties of assimilation and the more intentional failure of assimilation in
00:27:30.940 recent decades, you would fix like everything. You would fix the problem of a lack of patriotism
00:27:37.920 because patriotism is an extension of love of one's own family. It's an extension of filial
00:27:42.780 piety. So when your country just becomes a marketplace for all sorts of foreigners who 1.00
00:27:48.820 have no connection to your actual society and to your political tradition, no one's really patriotic. 1.00
00:27:54.540 And then even the people whose families have been here for a long time,
00:27:58.080 because law is a teacher and because we're creatures of habit and prejudice,
00:28:02.140 they take on the trappings of that same lack of patriotism.
00:28:06.560 And it's just, if you just solve that one problem, just, we need to have kids.
00:28:09.820 Europe has no kids.
00:28:11.080 We're also below replacement, but Europe is like dead. 0.99
00:28:14.240 It's moribund.
00:28:15.140 It is a museum at this point.
00:28:16.960 If you just fix that one problem, you'd fix all of these other ones.
00:28:19.260 But when you get to the German, when you get to the French authorities saying, oh, gee, I wonder what the guy's screaming a la, la, la.
00:28:27.180 I wonder why he committed his crime.
00:28:28.520 When you get to that stage of the problem, you are dealing with only the most surface-level symptom.
00:28:34.620 The real rot is far deeper and much more difficult to solve.
00:28:38.820 Okay.
00:28:40.340 Recently, our company's softball team lost the big game by one run.
00:28:44.540 Then Dale tried to console us with the quote, winning isn't everything.
00:28:49.260 Well, Dale and I are very different.
00:28:52.560 I get early payout from Bet365.
00:28:54.480 If my team goes up big, I get paid out instantly,
00:28:57.300 even if they blow the lead later.
00:28:59.300 Sound familiar, Dale?
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00:29:40.300 Lots of really sad and violent stories today landing on this gay pride parade in Berlin. 1.00
00:29:47.780 But there is a win here. 1.00
00:29:48.780 Speaking of opposition to gay stuff, do you remember Cracker Barrel? 1.00
00:29:53.180 When Cracker Barrel tried to destroy its company last year, there was some outcry. 1.00
00:29:59.060 Conservatives just scored a big win here.
00:30:00.380 We'll get to that momentarily first, though.
00:30:02.160 Folks, I want to remind you how to send in voicemail back questions.
00:30:06.760 Because some people were writing in to the chat.
00:30:08.340 They didn't know how to do it.
00:30:09.180 You go to dailywire.com.
00:30:10.820 You go to the watch page.
00:30:12.420 You go to the Michael Knowles Show.
00:30:14.340 And then you will be able to click on send a mail back question.
00:30:18.480 That'll open up an email and you can either write your question or you can record on your phone,
00:30:24.060 record a short voicemail question, 30 seconds ideally, maybe up to a minute. Please though,
00:30:31.220 don't. People send me the audio book memoir. They send me the 27-hour diatribe. I can't put
00:30:37.680 that on the show. So 30 seconds to a minute, attach that there from your phone, from your
00:30:42.280 computer, whatever you want. Send it in and then I will get to your excellent questions on Friday.
00:30:48.480 A little good news, a little good news before we head out of here today, which is that Cracker Barrel is losing its CEO. Do you remember, people, we forget the indignities that we suffer, the injustices that we suffer, we normal people of the West.
00:31:06.160 There are so many, we forget them quickly.
00:31:08.140 But one of them, I know it seems trivial, but it's not.
00:31:10.500 One of them is, the libs wouldn't even let us have Cracker Barrel.
00:31:16.480 Is nothing sacred?
00:31:17.640 Nothing is sacred to them.
00:31:19.060 They wouldn't even let us have Cracker Barrel.
00:31:21.620 I love Cracker Barrel.
00:31:23.200 I know the food has gone downhill in recent years.
00:31:25.520 I know it's kind of like slop out of bags and stuff.
00:31:27.520 I don't care.
00:31:28.260 It's a great dining experience.
00:31:29.620 It's one of my kids' favorite restaurants.
00:31:31.320 I love the weird knickknacks on the wall.
00:31:33.100 I love the little peg game.
00:31:34.240 I love even the food. I love the food. The staff is always great. The country store, it's awesome.
00:31:40.660 And the libs come in and they said, hey, what if we transform this into a
00:31:48.020 millennial's apartment in New York City circa 2013? What if we, everything that makes Cracker
00:31:54.940 Barrel charming, the wooden chairs and the pictures on the wall, even down to the peg game,
00:32:00.500 what if we just got rid of that and made it look like an even more sterile Panera? Panera already
00:32:07.180 is just like a hospital cafeteria. What if we just turned that up to 11? That's what they wanted to
00:32:14.020 do to Cracker Barrel. And it was totally outrageous, and I hated it. And the CEO tried to defend this
00:32:20.180 for a while, but there was such a backlash. For goodness sakes, they took the old timer off the
00:32:25.140 logo. Do you remember, you know, on the logo, on the real Cracker Barrel logo, there's that old
00:32:28.980 guy. There's that old timer guy. And they tried, took it off and just made it look like every other
00:32:33.080 piece of minimalist millennial trash, lifeless garbage, bereft of delight. 0.99
00:32:42.760 Anyway, I know I'm a little bit on my soapbox here. The CEO of Cracker Barrel is gone. 1.00
00:32:48.820 Eventually they backed off it. They said, okay, okay, okay. We heard you. We're keeping the old
00:32:51.900 timer. We've already screwed up a few restaurants, but we're not going to screw up any of the other
00:32:55.380 ones. And now the CEO is going down. There's a new CEO, a new sheriff in town, David Dino,
00:33:02.940 whose first statement on this said that the chain is a, quote, truly iconic American brand
00:33:08.680 defined by its unique combination of warm country hospitality, timeless appeal,
00:33:13.280 and deep connection with guests across generations. This actually is a scalp for
00:33:17.980 conservatives. And I know everyone's going to make fun of it and say, this is trivial. Who cares?
00:33:22.620 Cracker Barrel is not even that good. Like, stop it, Michael. How pathetic is it that
00:33:27.180 conservatives have lost so much in our culture that we need to celebrate the quasi-preservation 0.99
00:33:33.340 of Cracker Barrel? But yeah, I agree with you. I agree with you in a way. It is very sad. I wish
00:33:41.880 that we had preserved more cultural institutions. I wish we had preserved the schools. I wish we
00:33:47.720 preserved the churches. I wish we had preserved the offices of government. Hollywood. Yeah,
00:33:54.960 I wish conservatives had done that. We haven't for all sorts of reasons that we frequently talk
00:34:00.040 about on this show. Maybe we'll have time to get into later. We haven't. So yeah, you're right.
00:34:03.700 The situation is very, very dire. And that is why it is all the more important to preserve
00:34:11.540 what seem like minor or trivial institutions. It's why you need to keep the old timer on the
00:34:17.640 Cracker Barrel logo. Because it's in the little things that the rot begins, to quote the first
00:34:24.720 season of The Crown, and it's a series of minor victories that leads to the transformation of a
00:34:33.380 culture. The left knows this. Why do libs in boardrooms, why do libs want to destroy Cracker
00:34:43.100 Barrel? Why do they want to make it look like just a clinical, lifeless, I don't know, hospital?
00:34:50.760 Why do they want to do that? Because you could flip the question on its head. We said,
00:34:53.400 why do you conservatives care so much about Cracker Barrel? I'd say, we're not the ones
00:34:56.260 who changed everything. Why are the libs trying to destroy Cracker Barrel? It's the same principle 0.84
00:35:01.960 that you saw in the bathroom debate. Oh, who cares? Why do you guys care so much about transgender 1.00
00:35:07.580 under bathrooms. Say, I don't care. I'm not the one who changed it. I would be fine with the way 1.00
00:35:13.580 things worked before, which is when men had a bathroom and women had a bathroom. You're the 0.98
00:35:17.920 ones who cared. You're the ones who changed the rules. So if we're going to play this game of,
00:35:24.700 you know, you're obsessed with this issue. You need to focus on things that matter. I'm going
00:35:29.000 to throw that right back at you because you're the one who started it. And now you're objecting
00:35:33.960 and making me look like a weirdo because I told you to stop? I told you not to change things?
00:35:40.960 If we're all going to play this game of who's the most hip, cool, blasé guy in the world,
00:35:44.560 then great, let's go back. You don't care. I do care. Go back to the way things were,
00:35:48.660 but they won't. Because the left knows that it's in the little things that the rot begins.
00:35:52.720 And so what the left wants to do is kill our traditions, our traditional culture,
00:35:58.480 in a death by a thousand cuts. This is how China wages war on us. We're kind of in a war with
00:36:04.620 China right now. We'll get to in a moment. Actually, President Trump just did something
00:36:07.220 very important about winning the AI war with China. But China is kind of at war with us already
00:36:12.180 because they're not sending warships. They're not shooting missiles into the country.
00:36:17.920 They're just doing all sorts of little things that don't quite rise to the level of an overt
00:36:23.860 active war. But they are, for instance, just use one example, they're smuggling bioweapons into 0.59
00:36:28.680 our country to destroy our crops like all the time. Every few months, there's a new story 0.60
00:36:33.840 about how some Chinese graduate student was arrested smuggling in bioweapons to some laboratory
00:36:39.720 in the United States that would destroy our crops. They do that along with myriad other 0.95
00:36:46.000 belligerent actions to destroy the country by a thousand cuts. That's how the left works.
00:36:51.200 and if they destroy our crops that will be yet another attack on cracker barrel which uses our 0.61
00:36:57.760 crops but it's still what it still would not be as heinous an attack as getting rid of the old
00:37:01.760 timer it's a win take the win just it's good it's not it's not sufficient yes it is minor in the
00:37:06.900 grand scheme of things but you win major victories but with lots and lots of minor victories
00:37:12.500 speaking of delayed vindication new report out here from the emmy award-winning investigative
00:37:20.320 reporter, Catherine Herridge, veteran journalist, to tell all of you conspiracy theorists out there
00:37:26.600 that when you said that the Bidens were being blackmailed by foreign powers, specifically
00:37:30.980 China, you were totally right. And the intelligence community knew about it and the IC covered it up.
00:37:36.700 We'll get to that momentarily. Then we'll get into the ways that President Trump is waging this war
00:37:42.100 that China is fighting against us. First though, my favorite comment yesterday is from The Sun
00:37:48.120 that shines who says, you are only a true fan of Michael Knowles if you read the books in the book
00:37:53.180 club, including War and Peace. Hashtag the more you Knowles. That's a real deep thing. I bet there
00:37:58.600 are a lot of people who listen to this show, even who listen to this show every day, who don't know
00:38:03.780 that I have this other show at PragerU that I've had for like eight years now or something, and it's
00:38:08.060 my hobby show. I keep it just because it's a delight and it forces me to educate myself. But
00:38:13.100 yeah, it's the book club show at PragerU, which you can check out. And yeah, you got to read the
00:38:16.340 books. It's like there are layers to this. There's the daily show. There's the breakouts. There's
00:38:19.720 social media. Then there's the daily show. Then there's the rem du la rem, the membrum segmentum,
00:38:24.580 when you become a Daily Wire member and we get to chat after the show and in all access.
00:38:27.540 And you buy the game and you get the Mayflower cigars and you light the candle in your house.
00:38:32.360 And then don't neglect your intellect. You got to read the books in the book club. So true.
00:38:37.280 Remember when we were saying that Hunter Biden's activities were not just scandalous and scintillating
00:38:43.720 and good tabloid fighter,
00:38:44.980 but actually presented a major political concern,
00:38:47.660 a national security concern
00:38:48.960 because he was clearly being manipulated
00:38:51.360 and used by foreign powers.
00:38:53.120 And we were all called crazy conspiracy theorists
00:38:54.980 and unfair and cruel and whatever.
00:38:56.780 Well, we have Catherine Herridge here 0.99
00:38:58.020 who just pointed out in Katie Pavlich's show
00:39:00.860 that China was not only endeavoring
00:39:05.520 to blackmail Joe Biden,
00:39:06.860 but the intelligence community knew of it
00:39:09.080 and tried to keep it from the president.
00:39:11.600 What we saw in the release of the records, which I'm afraid, I think, in the media or legacy media, there was kind of a willful blindness.
00:39:21.320 They didn't want to look at the records. All you had to do was spend a couple of hours.
00:39:25.240 I found these records, which are talking about blackmail by China.
00:39:28.920 It was for President Biden's daily brief.
00:39:31.860 I can conclude, I think, that it was probably about targeting his family.
00:39:36.260 When that kind of information is not reaching a decision maker, ultimately the United States and the American people are the losers.
00:39:44.020 Right.
00:39:44.120 And I think that's what people need to be focused on.
00:39:45.720 Well, it's dangerous as well.
00:39:46.920 Yeah, exactly.
00:39:47.400 Because they're not.
00:39:48.200 Very dangerous.
00:39:49.320 So, okay, China was trying to blackmail the Bidens, along with plenty of other hostile foreign powers.
00:39:54.400 That is always going to happen.
00:39:55.740 But crucially here, Hunter Biden gave them an opening because he not only committed zillions of lurid crimes, but documented them.
00:40:06.160 I mean, I don't think there's a prostitute in America that Hunter Biden didn't film himself
00:40:11.240 with. Like, hey, hey, guys, hey, look at this crime I'm committing. Isn't that awesome? 0.96
00:40:15.060 Plus the drugs, plus more importantly, the financial crimes. Anyway,
00:40:18.260 the import of this is not just that China is hostile. We know that. It's not just that
00:40:29.560 the deep state is corrupt and bureaucrats have too much power that they can wield in ways
00:40:35.260 that are contrary to the interests of the United States
00:40:38.040 and over the head of the duly elected representatives.
00:40:40.800 That we also kind of knew the enormity of it
00:40:43.620 is worse than a lot of people imagined.
00:40:46.300 But it's on the nature of the corruption itself 1.00
00:40:48.800 because we should look down the pike 0.90
00:40:51.780 as to what's going to happen.
00:40:53.060 You're already seeing this narrative being built up
00:40:55.260 in the Democrats and in the media,
00:40:57.940 but I repeat myself,
00:40:59.540 leading into the midterms and especially into 2028.
00:41:02.620 The libs cannot win on their favorite issues,
00:41:06.100 which is, it's the woke stuff.
00:41:07.380 That's the stuff at the core
00:41:09.400 of their politico-religious beliefs.
00:41:11.980 That boys can become girls, 1.00
00:41:13.280 we need to chop off their genitals, 1.00
00:41:14.840 that we need a pride parade 1.00
00:41:15.980 in every kindergarten classroom. 1.00
00:41:17.820 We need abortion on demand after birth, 1.00
00:41:20.820 fifth trimester abortion. 1.00
00:41:22.780 We need to obliterate marriage, 1.00
00:41:24.220 on and on and on. 1.00
00:41:25.300 They can't win on that.
00:41:26.280 That stuff is very unpopular, all of it. 0.83
00:41:28.160 Even gay marriage is collapsing in support.
00:41:31.300 So they're going to have to try to hide the ball on that.
00:41:34.820 Some politicians are doing so. 0.95
00:41:37.300 They're attempting to shift to working-class populism.
00:41:41.400 You saw Zoran Mamdani and AOC do this just last week.
00:41:44.340 They say, no, no, I'm not a leftist.
00:41:46.420 AOC said this, AOC of all people.
00:41:48.280 I'm not a militant leftist.
00:41:50.040 I'm just working class.
00:41:53.280 Meanwhile, like all of the last eight years of her career exist, 0.87
00:41:57.200 we have her talking about abolishing prisons and opening up borders 0.97
00:42:00.260 and transing the kids and all the rest of it. 0.95
00:42:02.920 So the idea that she's not a militant leftist is silly, 0.96
00:42:06.420 but even the economic populism doesn't quite work
00:42:09.240 because there's been a reshuffling of the parties
00:42:11.460 and the working class,
00:42:12.980 which at times has sided with Democrats,
00:42:14.640 is now much more likely to side with Trump
00:42:17.400 and the Republicans.
00:42:18.420 And the reason for that
00:42:19.300 is not just that Trump speaks their language,
00:42:21.000 that he's dazzled them or something like that.
00:42:22.760 It is because he's really offering them something.
00:42:25.960 Trump, whether you agree with the policies or not,
00:42:28.520 when trump proposes tariffs he is appealing in a material way to the working class
00:42:33.920 and you might say from your office at the cato institute libertarian think tank you might say
00:42:39.160 well actually you know at the end of the day the tariffs end up hurting the working class i mean
00:42:43.220 fine whatever we can have that debate but it's just it is simply the case that protecting american
00:42:50.180 industry, trying to reshore American manufacturing, tariffs, that is an appeal to the working class.
00:43:00.400 When Trump says he doesn't want to reform entitlements, you can say that's bad and we
00:43:04.460 need to reform entitlements, whatever. But that is an appeal to the working class. When Trump says 0.98
00:43:09.060 he wants to close the border and deport illegal aliens, you can say that's terrible for all sorts
00:43:12.680 of reasons, including labor reasons. But that is an appeal to the working class. Because he's saying, 0.97
00:43:19.380 I don't want all of these low-skilled foreigners to compete with American labor and reduce their 1.00
00:43:23.920 wages, which is what happens. So Trump is not just speaking their language and talking in a 0.99
00:43:29.660 gruff, funny way that appeals to those chuckle, yuckle, yokels who don't know any better. He is
00:43:34.680 materially appealing to them in a way that the Democrats are not. When the Democrats oppose
00:43:39.960 the tariffs, when the Democrats support mass migration, when the Democrats scoff at American
00:43:44.500 manufacturing, they are telling the working class, we don't care about you. We don't want you.
00:43:48.840 They're flipping the bird to the working class. 1.00
00:43:50.900 So the working class appeal
00:43:52.240 is ultimately not going to work for Democrats anytime soon,
00:43:54.920 which is why what they're going to try to focus on,
00:43:57.520 especially if they win the House in the midterms,
00:43:59.860 they're going to try to focus on corruption.
00:44:01.440 And what they're going to try to say is
00:44:02.800 that all of President Trump's associates,
00:44:04.580 probably Trump himself, 0.99
00:44:05.840 they're terribly corrupt. 0.99
00:44:07.300 They've got all these business deals. 0.95
00:44:08.880 They were always going to take this approach
00:44:10.040 because Trump is a businessman.
00:44:11.780 He's the richest president we've ever had.
00:44:13.740 By the way, the previous richest president we ever had
00:44:15.340 was George Washington.
00:44:16.260 So being a rich guy,
00:44:17.380 Not disqualifying for being president.
00:44:20.400 The father of our country was a super rich guy.
00:44:24.240 Not a mark against Trump.
00:44:25.500 But anyway, having business interests does open you up to the accusations of corruption.
00:44:29.900 They're going to say, oh, you know, there's crypto deals and business deals and hotels and golf courses. 0.97
00:44:34.160 You see, Trump is really, really corrupt. 0.93
00:44:36.660 And at the very least, what they're going to argue is, 0.97
00:44:39.260 what the Bidens did is no worse than what Trump and his associates are doing.
00:44:43.600 but these kinds of corruption are are not just different in degree they are different in kind
00:44:50.140 because whatever you want to say about trump you don't like the crypto coins or you don't like some
00:44:55.460 of the business deals or whatever i have not seen a compelling argument that anything he's done
00:45:00.280 is against the law it's rich coming from democrats too because democrats engage in in rank corruption
00:45:07.440 nancy pelosi being very famous for this nancy pelosi whose stock portfolio outperforms the 1.00
00:45:12.700 best investors in the history of the world. The insinuation being, the implication being that she
00:45:17.560 insider trades. But what Nancy Pelosi is doing is not illegal. You could say it's dodgy, it's shady, 0.99
00:45:25.840 but it's not illegal. And so whatever you want to accuse Trump's associates of doing,
00:45:30.560 Democrats are bubbling up with this, it's going to get a lot louder because they're desperate.
00:45:35.740 Can anyone point to me to anything illegal that they've done? No. And so the corruption,
00:45:42.700 The supposed corruption and the blackmail doesn't work in the same way as with the Bidens.
00:45:47.000 Because in the case of the Bidens, Hunter Biden was committing actual crimes.
00:45:52.780 Hunter Biden was committing crimes on camera while he was taking money hand over fist from friendly governments, from hostile governments.
00:46:02.980 In the case of Ukraine, Ukraine was alternately friendly and hostile.
00:46:06.920 Taking money from the foreign governments to sell his father's influence.
00:46:10.420 his father was then using the government of the United States to get the Ukrainian state
00:46:15.520 to stop investigating his son. And he bragged about this on camera at the Council on Foreign
00:46:20.020 Relations. Hunter going, trying to get money from China all over the place. That actually opens you
00:46:27.140 up to blackmail. Because you have real crimes here. It's not just people making money skirting
00:46:33.320 around regulations. It's actual crimes. And you want to get back to the very top of the show,
00:46:39.220 two-tiered system of justice. In the case of the Bidens, the investigators, the intelligence
00:46:46.560 community knew about this. They didn't stop it. And they even tried to keep some of it from the
00:46:54.120 president himself, Joe Biden, who, if you believe Hunter Biden's messages, and if you believe his
00:46:59.220 laptop, Joe Biden was personally and materially benefiting from that corruption himself.
00:47:04.240 Okay, I want to get, oh, what a tease.
00:47:07.940 I want to get to how the White House
00:47:09.380 is waging this war on China now
00:47:10.960 because the White House has just redirected
00:47:13.560 hundreds of billions of dollars in funds
00:47:14.960 from colleges to AI.
00:47:16.700 One story I do want to get to
00:47:17.740 before we hit teehee Tuesday
00:47:18.860 with the member segmentum though,
00:47:20.120 a little bit of good news in a tough show
00:47:21.520 with a lot of violence and new home prices
00:47:24.900 are going down for the first time since 1974. 0.96
00:47:30.680 It's pretty good news for people. 1.00
00:47:32.520 Zoomers in particular, 1.00
00:47:33.380 and millennials are struggling to buy homes. And it's because the housing market is really messed 0.94
00:47:40.360 up and it's because rates have gone up. So a lot of people feel locked in. They have these 3%,
00:47:44.900 2.5% mortgages. They don't want to give them up. They've got a lot of their wealth, maybe all of
00:47:51.980 their wealth in their house. They're living longer and they don't want to sell the house. So we have
00:47:55.780 this housing crisis. We also have a problem with housing because we flooded the country with 1.00
00:48:00.080 millions and millions of foreigners. So that obviously squeezes housing. We went through the 1.00
00:48:03.500 numbers on the show in recent months. Huge amounts in certain places in California and New York,
00:48:10.520 100% of the rise in rents is attributable to mass migration. Rest of the country,
00:48:15.760 it's still the lion's share of the rise in rents. It's all messed up. Well, one decent sign for
00:48:21.440 some people is that new home prices are going down. Now, it's basically good news, but it's
00:48:27.580 messy because the main reason for the housing prices is interest rates. It's the locked-in
00:48:32.180 homeowners. But that also ties into other problems, which is it reduces labor market dynamism. If
00:48:37.960 you're locked into your home, you're much less likely to go take a job in another city or even
00:48:42.480 a job maybe across town. So it has downstream economic effects that are really, really tough.
00:48:47.900 And it's not just that—it's not all good news because the new home prices are getting cheaper.
00:48:53.720 It's really more a reflection of the existing home prices.
00:48:55.760 So our sponsor, Kalshi, has some numbers on this.
00:49:00.220 Whether or not existing home prices will go up or down.
00:49:07.460 In July, will they be above $430,000?
00:49:11.920 What's that selling at right now?
00:49:13.320 Yes, $0.91.
00:49:16.120 Above $435,000 or above $440,000?
00:49:21.740 So if you do own a home already, and you got a little extra cash lying around, you're locked in at a nice low rate, you want to go play some of the prediction markets, that's where Kalshi has it.
00:49:32.580 I don't see existing home prices going down anytime soon, especially because of the war in Iran, which is going to continue to drive up.
00:49:39.300 It's not going to end anytime soon, and so it's going to continue to drive up energy prices, which drives up the price of everything else.
00:49:44.880 Okay, so much more I want to get to.
00:49:46.580 I don't have time, because it's TEE Tuesday.
00:49:49.040 The rest of the show continues now.
00:49:50.060 You do not want to miss it.
00:49:50.760 Become a member. Use code KnowlesCanadaBLAS to check out for two months free on all annual plans.