From Elon Musk To Data Centers: What “Normal People” Are Missing

Someone tells Elon Musk “people loathe you” to his face, and the moment says more about modern politics than a hundred think pieces. We pull apart the interview dynamic, the status games behind legacy outlets, and why basic ideas like secure borders and safe cities get mislabeled as “fringe” when the narrative needs an enemy. From a peasant’s perspective, the real story is who gets to define “normal” and how quickly the media asks you to doubt your own eyes. 

Then we shift to Iran and the uncomfortable truth that perspective drives policy. If you’ve lost friends to Iranian-backed attacks, “deterrence” isn’t abstract. If you’re connected to Israel, the missile reality isn’t theoretical. We talk escalation, the Strait of Hormuz, proxy warfare, and why Americans increasingly reject endless negotiations that never produce an end state. The question underneath it all is simple: what does success look like, and who pays when leaders avoid answering that? 

Back at home, we hit New York’s rent freeze fight and the broader collapse of trust when “independent” processes feel rigged. That ties directly into election integrity and the voter roll debate: once the facts move, you can’t unsee them, and people panic when talking points stop working. From forced-labor tariffs to AI data centers, we argue the US is in a cold war over compute with China, and local fear campaigns often hide bigger incentives. We close by wrestling with deflation, inflation, the debt-based system, and why Bitcoin self-custody and even a strategic Bitcoin reserve keep coming up as an escape hatch. 

If this helped you think clearer, subscribe, share it with a friend who argues in good faith, and leave a review so more peasants can find the signal through the noise.

Transcript

Peasants Perspective Morning Kickoff

SPEAKER_24 0:08

And when they went to the green, the children will come check out your bread. Do you know what's meant?

SPEAKER_25 0:17

Let me eat cake.

SPEAKER_06 0:22

We're getting screwed, man. Every time we come around, we're getting screwed. It's a little gunny. It's a little gunna. Peasants, man. We're just peasants. Every one of us. You watch those old movies, you see the peasants in the background with the kings and kings walking around, but we're those people. We're those people. Good morning, peasants. Welcome to another episode of The Peasants Perspective. Ron came walking in here a little late, not too bad. A little late. He's wearing his sunglasses. I'm like, man, it's the uh sunshine at 6 30 a.m. just cutting cutting you too bright.

SPEAKER_20 1:13

He's like, uh future so bright.

SPEAKER_06 1:17

Sorry, we're a couple minutes late, ladies and gentlemen. Those of you who were here on time, which is nobody. All right. Well, let's go ahead and get started with our simultaneous sip. Because I don't know why you guys like to join us. Ron, it might just be you and I today for the simultaneous sip. And all you need for that is a cup or a mug or a glass, a tank and a chalice, uh tank, a chalice, a stein, a canteen, jug, or flask, a vessel of any kind. I like coffee. Ron's got his Dr. Pepper over there. And join me now for the unparalleled pleasure of the dopamine hit of the day, the thing that makes everything better. The simultaneous sip, and it starts right

Virtue Signaling Meets A Hard Test

SPEAKER_06 1:53

now.

SPEAKER_14 1:53

Trying to bring back people who were deported by ICE. Can we get your signature real quick for that? Thank you so much. We're with the Bring Them Back campaign. We're trying to bring back Edwin Hernandez from El Salvador. Now he murdered five people in El Salvador, and he's an admitted member of MS-13, but I think he deserves a second chance to come back. Absolutely. Now, can you take him in when we get him back? Would you be able to give him a place to stay?

SPEAKER_00 2:16

I can do that.

SPEAKER_14 2:18

Maybe. Okay, can you just sign here that you would be able to and then we'll email you? Yeah. That's so thawable of you. He probably just needs a place for you know a few months until he gets on his feet. And then we can maybe get him set up to vote too before the Republicans pass the Save Act, right? And try to make it hard for people who are undocumented to vote. Yeah, perfect. So we'll email you and then he can send them to your address. Okay. Now, do you have another room for him or uh a bed that he could say in?

SPEAKER_01 2:45

I have a room, but I have to ask you uh my husband. Oh, if it's so if he just shows up, is that gonna be a problem?

SPEAKER_14 2:54

Or should we check with you first? Check with me first. All right, thank you so much.

SPEAKER_06 2:59

Thank you so much. You know, sometimes the topic of repealing the fifth the 19th Amendment comes up with me is fine. I have to check with my husband. Perfect example of weaponization of your virtue. Uh, this uh multi-serial killer wants to come live in your house.

SPEAKER_25 3:15

Okay, okay.

SPEAKER_06 3:17

Makes sense. All right, Robin Delane says, I'm here. Glad you made it. The Pony Boy, good morning. It's Friday. Carlitz, good morning. Just me underscore PNW. It's Fri. Yay! Yeah, that's pretty fun. Pony Boy asks, didn't eat pizza last night, did you, Ron? Don't want you throwing up this morning. Doug Wyatt says, Good morning, peasants. Yes, thank you very much.

Elon Musk vs The Economist

SPEAKER_06 3:41

All right, we're gonna take a quick minute. We're gonna listen to live from Studio B. Elon Musk did an interview that aired yesterday. It was with The Economists. Back when I was in college, I used to subscribe to The Economists. I had a couple publications I subscribed to, and that was one of them. And back then it was considered like high academia policy influencing. Now I understand it as just a left-wing propaganda. Right? I mean, it makes me wonder was it a left-wing propaganda rag back then, or was the world really better? Like, no, it probably wasn't better. It's probably always been propaganda. I just didn't know how to sniff it out, right? Anyways, he did an interview with this woman from The Economist, and these guys are gonna talk about that. And they, I I pulled all the clips, and then there's a lot of clips, right? These guys edited a couple of the clips, the best ones. So it's like, ah, we're just gonna listen to their their stuff. But this was really good. It was a really good uh interview. Pray the Rosary Daily says, Happy Friday. So here we go, live from Studio 6B.

SPEAKER_08 4:41

Musk gave an interview uh to The Economist, which is a left-wing, hard left um outlet. How did that go? And they sent the most pompous interviewer possible to go interview him. Here's here's a little bit of how it went for The Economist. Here's a couple clips from a here's the first one.

SPEAKER_09 5:03

Politics. What you don't even live there.

SPEAKER_21 5:05

I think of it as the sort of the West collectively.

SPEAKER_09 5:08

But do you see why this makes people think that this man who has all his power, he's the world's richest man, he thinks he has a right to influence our politics. It makes people it's why you know we started this conversation saying superlatives, it's why people loathe you. I mean, some people do loathe you.

SPEAKER_21 5:25

Yes, some people do.

SPEAKER_09 5:26

But do you understand why? Do you think what you're doing is helpful for Western politics?

SPEAKER_21 5:31

Maybe some people do loathe me. I and that's and that's probably true. I don't care. Um the uh but but the fact that uh as you pointed out, a quarter billion people follow me is that I think a lot more people actually like me than don't. And I think a lot more people hate you and the media uh more than you realize. Good for him.

SPEAKER_06 5:53

There you go. What about I gotta go back to this? We're gonna continue to listen to the guys, but look at this guy in the bottom right-hand corner there. That's basically Ron. Sounding to hear put in the board. That's that's the voice you hear talking in the corner. Except he doesn't look like that. Ron's a much more attractive man. There you go. What about poor Soros? There's a there's a billionaire putting money into politics, trying to change things.

SPEAKER_08 6:16

There's uh woman. Oh, she's here's um here's clip number two.

SPEAKER_09 6:21

You support not just the populist right, but the far right. In fact, very fringe parties in some countries. No, I support the normal people.

SPEAKER_21 6:28

What do you call the far right, falsely?

SPEAKER_09 6:30

You think is the normal person. Okay. Yes.

SPEAKER_21 6:33

Um Literally, you could you could go back uh 10 or 15 years, and these are these these policies were completely normal. In fact, you you uh one of the things that I'm not sure. I think it's uh that's quite funny, is to like take a speech from Obama and Hillary and then and then go to someone and say uh who's who's sort of um you know on the sort of what I call the lunatic left, um, and say, what do you think of the speech by Trump? Like, oh wow, he's the worst person ever. Actually, that was a speech by Obama. Well, actually, that was a speech by Hillary.

SPEAKER_09 7:06

I I I agree. No, I agree that the center of gravity in this country has shifted, certainly the Democratic Party shifted to the left, but that's not what I'm talking about. I'm talking about people like Rupert. Oh, I'm talking to right.

SPEAKER_21 7:17

It's actually just normal people. Um the and here are the principles. And and tell me which of these sound terrible? Um that we should have secure borders, that we should have safe cities, uh, that we should have sensible spending. Which of those three are our far right fringe?

SPEAKER_06 7:37

I would like to just he's fullane, huh? Which of these are far right? That's really good. So Elon Musk did that, did that interview, and that interview or people went and did like a little background, you know, where did she come from? She comes from a really wealthy family and a really wealthy part of England, went to only private schools that were very expensive, like these are you know, elementary schools that cost the parents 45 grand a year, kind of shocking, and then went to Oxford and then Harvard, and now she's like, the the people hate you. He's like, You don't even interact with people, right? Like, that's not normal.

SPEAKER_11 8:16

You don't even know people, yeah.

SPEAKER_06 8:18

And along with the idea that, you know, if you play if you read back an interview from Hillary Clinton or from Barack Obama to someone who's infected with TDS, and you don't tell them it was from Hillary or Obama or Clinton, right? They'll that's horrible. Those policies are horrible. Uh that was normal 15 or 20 years ago, right? It's completely acceptable for someone who understands their values to 20 years ago have voted for Democrats and today be hardcore MAGA. You know what I mean? Like it's completely normal. It's the people that are moving with their party that aren't set in their principles that are like going further and further and further. But there's always a correction, right? Because politics is about power. The further you get out on the wings, the smaller your margins, the smaller your group. And so what you see is the party, the Democrat Party, has gone far left. And now, just like we've been talking about, there's a fracture. They're gonna try to isolate their far left and you know, cut them off and rebuild their base. And so you've got to have people like Hakeem Jeffries in this environment where literally you have California doing the Nick Shirley Act so that you can't go find fraud. You've got whistleblowers being tamped down, you've got Democrats and likely some Republicans all involved in the fraud. But now that America is in on it, now that America sees how much fraud there is, guess what the Democrats are saying now?

SPEAKER_17 9:42

And our promise to the American people is that we will hold the crooks accountable. Oh boy. If you're a crook in the United States of America and you've been stealing from the American people, we're coming after you. And I'll go glad you had a change of heart.

SPEAKER_06 10:08

It's so, it's so unmoving to hear Hakeem Jeffrey say that. But uh, it's a great example. What JD Vance is doing is extremely popular. It has been common sense for a long time, this idea of holding the government accountable. Even years ago, Jamie Diamond tried to explain this.

SPEAKER_02 10:26

I think every government department should report to you and say, taxpayer, you gave me dollars. I told you this new X. Here's what I did, here's the outcomes.

SPEAKER_06 10:36

The problem is they do do that. They just lie about what it is they did and they lie about the outcomes, right? But they do always do some type of report. Look how great we did. Of course, those reports often come with a fair amount of revision.

Iran War Talk Through Lived Experience

SPEAKER_06 10:50

Here's Rokana on CNN yesterday, and they were talking about the Iran war. Now, unfortunately for Rokana, he wasn't able to say what he wanted to say about the Iran War unchecked and about how, you know, Iran has been at peace and all that kind of stuff. Because there was a veteran sitting at the table who actually was boots on the ground in the Middle East and knew for a fact it was Iranians killing his friends.

SPEAKER_30 11:15

The president has made a mess of things, made a mess of the economy, but his ego will not permit him to go to Xi Jinping and the European leaders and have a multilateral uh solution to get us out of this mess and to help the economics.

SPEAKER_13 11:36

That's just not true. That's absolutely true. I was in Iraq and in the EFPs that the Iranians were supplying to the Mahdi.

SPEAKER_30 11:45

Obama didn't go to Dover Air Force Base and uh have to look at dead Americans coming in. Obama didn't preside over the Strait of the United States. He should have because there were my colleagues coming back from Iraq.

SPEAKER_06 11:55

From Iraq. Obama didn't go to look at dead people coming back from Afghanistan in Iraq. And therefore there were no dead people coming back? Yes. No. No. That was one of the critiques of Obama, that he wasn't going and honoring the dead, right? And he's acting like, well, look, the report says the president didn't even go. There was no dead, like manipulation.

SPEAKER_13 12:20

But not from the the rep who were killed by Iranian castle groups, but that was supposed to be their funds.

SPEAKER_30 12:28

Those were being killed under the first Trump term as well. And you know that as well as I do. Trump has created a disaster. He killed under Biden. And what he has done is he killed the president.

SPEAKER_06 12:40

Oh man. You know, the last last, I don't know, 48 hours or so, for whatever reason, a series of conversations I've had have made me think a lot about perspective. And this is the peasant's perspective, right? We try to see things from kind of the peasant's perspective, just the normal people who don't hold positions of power and authority that just kind of have to participate because we're here. You know, we got to meet our family, so I got to get a job, and that forces participation. Pray the Rosary Daily. If I didn't already say, Happy Friday to you too. So the perspective, right? Like if you're a soldier and you saw your friends in the Middle East getting killed by Iran, then you probably support the pollout because you don't know why you're fighting there, but you do know there is an enemy that's willing to kill you, right? Iran. So it's no surprise why there's a lot of veterans that support what we're doing in Iran while at the same time talking about being anti-war and pulling out of Iraq, Afghanistan. There's there's a clear delineation. If you have Jewish background and are connected to Israel at all, that's your neighborhood, right? Iran sends thousands of missiles into Israel on a regular basis, like over the over the last couple of years. I mean, this is like a big deal. So imagine living in Israel and it's like, well, you know, Trump started this war, and you're going, I don't know who started it, but the Iranians haven't stopped punching since the war got started, right? Like even if you try to, and I do this sometimes while the CIA was involved in Iran in the 1970s. Okay, fair enough. Let's pretend that we kind of knock the dominoes over. The reality is they could play nice, they could normalize the relationships, but they choose to continue. So you have a huge segment of people both in the right and left. These are people that support Jewish interests. They probably are Jewish. Okay. That's totally fine. I get it. JD Vance recently talked about the MAGA party, the Republican Party is a big temp party, and you're gonna have people that aren't gonna get everything they want. There are people that are anti-war, period, out of principle, right? And then there are people that are like, well, there are justifiable wars. So you kind of got them both in the same coalition. This is Ben Shapiro. Ben Shapiro, along with Mark Levine, are both of them are Jewish, are probably two of the most outspoken people when it comes to is uh Iran and like finishing the job in Iran. And it makes sense. I get it from their perspective. Do I disagree with what they're saying?

SPEAKER_05 15:05

Yeah.

SPEAKER_26 15:06

Why people are confused and upset. It feels like things are stalemated, that they're getting broader and more difficult. Why? Well, because what the American people want is victory. There's this bizarre notion in foreign policy that the American people are deeply worried about the immediate cost of war to the enemy. That the American people we can't handle the ugliness of war for even a day. That every conflict has to be totally antiseptic. And here I'm not even talking about the American willingness to undergo casualties. No one in America wants American casualties. It's tragedy and a horror. We do understand that war does come along with casualties, and we are willing to undergo those casualties in pursuit of an end and a victory for America. But as far as the idea that, for example, America, we can't hit Carga Island because the Iranian people would then be deprived of oil resources. The American people are, I should say, not particularly concerned about that. We are far more concerned with why we're there not winning. I think that what we actually ought to do is say an eye for everything. Like you touch a ship in the Strait of Hormuz, and we kill the head of the IRGC, we kill Khalabath, we kill your entire leadership class again. We destroy South Powers and we destroy Karg. One drone, and that's what happens. That is the way you win in the middle. By the way, that's the way you win generally.

SPEAKER_06 16:26

Okay, why so he's right. He's right. I think most Americans aren't like, we can't take Krog Island because then the Iranians won't have ability to rebuild the economy. We don't care. Like normal person on the street, don't care at all. Like, not at all. Okay. You can't lock us down because how will I restart my business? Don't care. Look, we all have our cross repair. We all got crappy situations. But he is right. He is he is correct in the fact that we want to win. That is the immune response Americans are having right now. Is this that these become endless? Whether we get sucked into endless negotiations and the problems never resolved with the Strait of Hormouth, or we get sucked into a settlement. Like it's that we're not winning.

SPEAKER_20 17:08

That's yeah, if there's no end, it's a loss.

SPEAKER_06 17:11

Yeah, I think one thing Americans want to do is you hear this phrase commonly when people talk about it in jest, just bump it to a sea of glass. We have books. Why are we even holding back? Right. It's like just get it done. And so some of the hawks are out there saying, Well, we got to go boots on the ground. Nobody wants boots on the ground, right? There's a strategy to this. So, as you know, week and a half ago, we had the memorandum of understanding. We were supposed to have a ceasefire, you know, we're all great, the war's over. Oil prices came down into the 70s. And then, of course, immediately Iran hits a boat in the strip of babose, ceasefire's off. Now we're bombing and bombing and bombing. And of course, like every other time, we've been negotiating, we have an agreement. Okay, we're good, and then another bomb goes off, and then we're negotiating again. Iran tries to come back to the table. Well, all that has happened. Fox News alert this time, Donald Trump is taking a new tack in the way he's negotiating this. So every other time they pull away from the negotiating table, they strike us, we strike them, boom, we're back at the negotiating table. Not this time.

SPEAKER_33 18:12

Fox News alert, bombs away. Targets include missile and drone facilities, coastal surveillance sites, and air defense. B-1 bombers tore into the mullahs for the first time since the ceasefire. The long-range jets packed with 2,000-pound bombs flying at the speed of sound. Our electronic warfare aircraft also headed into theater, deployed out of Maine. They're stopping over in the UK. Now it jams enemy communications, radars, and navigation. And they're only in the fight when it's a real one. Once Iran caught wind, they threatened to bomb the British base. Good luck. Our F-16 Wild Weasels are back in action. Their motto, first in, last out. You fly into enemy territory, detect radars, destroy them, and clear the battle space for everybody else. Trump wants revenge.

SPEAKER_12 19:28

The president's policy is a head for an eye. I mean, honestly, that's what it's going to be. I mean, they will pay a very heavy price.

SPEAKER_33 19:35

Marco says the mullahs are on their knees and begging anybody with a pulse to bail them out.

SPEAKER_12 19:40

I hope that they'll stop. They shouldn't really do that. They got suckered into this by the Iranians. You know, the Houthis largely were smart and stayed out of all this uh throughout the conflict, but um, they now apparently have gotten themselves suckered into this, going after Saudi Arabia and their ships. And by the way, that's you know, I was reading reports a few hours ago that there is actually a Saudi fuel ship that's flagged Chinese. It's a Chinese ship. Are they going to blow up the Chinese ship? And this becomes a problem for China. This will become a problem for the whole world.

SPEAKER_33 20:09

This could open up a second front. The Houthis claim they're blockading the Red Sea, but they're not. They did clip some tankers, one of them, a Saudi ship now leaking oil into the water. This could snarl commerce. Today, oil closed over $100 a barrel. The commander-in-chief says if Iran or its proxies hit a ship, repair costs are coming out of their pocket. All their frozen cash we're holding, we'll just wire it to the ship company to plug the holes. Trump's considering a massive attack against Iran, bigger than Epic Fury. He says Israel would jump in, but we don't need them right now. And this just in. We're learning European diplomats are evacuating Iranian embassies. They must know something. Now, suddenly Iran wants to come back to the table, but the president says no.

SPEAKER_12 20:59

Quote, they haven't felt enough pain yet. Iran is begging us, okay, both directly and indirectly. Let's do a deal. Let's talk. Let's talk. Iran is begging every day. The problem with Iran is every time they make a deal, the people that are in charge there, they either break it or they want to change it. So it looks like they're not ready to make a deal. So they're going to continue to pay a price. And they're going to every night the price gets higher and higher and higher. And that's what's happening now. Wow.

SPEAKER_06 21:25

I I was really looking forward to gas prices down into the three dollars again. I really was thinking that was the direction we were headed. So it sounds like there's no real end in sight here. Sounds like we're at the point in the uh in the match where we're gonna try to take these guys out and get complete and total battlefield capitulation.

SPEAKER_20 21:45

Gotta take them out to the woodshed.

SPEAKER_06 21:47

Yeah, take them out to the woodshed. So posted this. He said, From this point forward, anytime the Islamic Republic of Iran shoots a ship in the Strait of Hormoots, and he put out another truth where he included the Houthis in this, if they hit a hit any ships. As proxies for Iran, same consequence, whether it be by missile, rocket, drone, or any other device or weapon, the United States will bomb and destroy one bridge or power plant, including those located next to or in the capital city of Tehran. Thank you for your attention to this matter, President Donald J. Trump. So it sounds like the Iranians picking up on the fact that Trump was very hesitant to destroy anything that had an implication that it could be used as civilian infrastructure, right? Radar sites, that doesn't matter to civilian structures, infrastructure. Drone sites doesn't matter. Weapons manufacturing plants doesn't matter. IRGC headquarters doesn't matter. A bridge, a power plant that's funding the factories making the bombs, it also funds Mima's house. So they didn't they've been hesitant to go after it. This could be interesting. Uh this is this is a spot that I hoped we'd never get. Here we are. This is very similar to I'm going to destroy their civilization kind of thing. I have a feeling Iran is going to test this.

SPEAKER_20 23:05

They're going to hit a boat.

SPEAKER_06 23:08

They're going to hit a boat. We're going to hit a bridge. They're going to hit another boat. We're going to hit a power plant. And then they're going to try to come to the table again. And we'll see if they've, quote, felt enough pain yet to make their resolution stick.

SPEAKER_25 23:20

Ugh.

SPEAKER_06 23:21

Yeah, I know. Ugh. But the perspective, Iran has to be dealt with. So there is a side of both the MAGA party and obviously there's some Democrats who just want everything in Iran to go bad because they want Trump not to succeed. There's no other motivation. But for the most part, there's no sane people, think John Fetterman and the Democrat Party, that don't want Iran to lose this conflict. But everybody universally probably wants them to capitulate, surrender, make an agreement, something like that. Nobody wants to see the suffering, but nobody is looking at it going, it's not worth it. Right. If you are at all involved in the military over the last 25 years, you know Iran has been behind most of the ongoing conflict and insurgency that was going on in the Middle East that kept us there for 20 years. So it makes sense that we're doing

New York Rent Freeze And Power Plays

SPEAKER_06 24:11

this. Obviously, on the domestic front, there's been a lot more chatter and a lot more talk about how the communists and the red-green alliance and that the Islamists have made it into our government. And one of the places is obviously New York. Not only do we have a communist running that city, but he's also Islamic, right? For what it's worth. Again, as far as religion, the label, not a problem. But how you act that out and how you, you know, operate is a big deal. One of the things that Mandami did yesterday, I don't know if this was yesterday, it's kind of been in the works for a minute, but they did a landlord rent freeze. So if you're in one of those, if you're a landlord over some unit that has rent control, which basically means you can't, it's not market rent. Sometimes these rent control buildings, I was chatting with somebody in New York, and the rent in their building is about $4,000 a unit. And these are like little one-bed, they're not studios, they're one beds. Like they have a separate, they're not a studio apartment, they're a one-bedroom apartment, but it's like four grand, you know, and her rent control was $650. So it's pretty significant if you have a rent-controlled apartment and you're that landlord, right? Well, Mandami pulled a really dirty one and he froze rent increases for landlord apartments. And again, this just goes to show, right? Once these guys take power, they'll just manipulate whatever system they want for the outcome they want.

SPEAKER_31 25:35

Overturn the city's newly approved two-year rent freeze on roughly one million rent stabilized apartments. They argue that Mayor Zoe Mamdani improperly influenced the rent guidelines board to deliver on a campaign promise. Let's bring in now Randy Mastro, attorney for the landlords suing Mayor Mamdani. Welcome to you, sir. Good to have you here. Pleasure to be here. So, what's the case the landlords are making?

SPEAKER_05 26:01

Well, it's a simple proposition. An independent board statutorily required to weigh all the evidence and fairly consider the data. Instead, reverted the process at the mayor's behest to deliver on his campaign promise. This was a sham process to deliver a predetermined outcome that the mayor directed by fiat that is blatantly illegal, and the ramifications of it are profound. More than a million New Yorkers live in rent-stabilized apartments. It's thousands of landlords, many of them struggling to survive, because we are living in a period of inflation rising, the costs of landlords soaring, taxes, utilities, insurance. Yet somehow this board, under the mayor's influence, came to the conclusion that a zero rent increase was warranted, not supported by the data. The board did not properly consider the statutory criteria, and we believe it will be found to be illegal. And don't just take my word for it, a longtime board member quit the morning of the vote because she refused to be part of a sham process where she said the outcome was dictated first and then the data manipulated to reach that result. When have you ever heard of a government official resigning on the day of a vote and then in such stark terms calling out the illegality? It's remarkable. It's unprecedented. That's why this case cries out for relief.

SPEAKER_29 27:45

But Randy, you know, um, New York City's own DSA co-chair was joined to Martha McCallum last week. He made the case that New York City landlords are just getting fat off the backs of uh rent payers. Take a listen to their interaction.

SPEAKER_25 28:01

Okay.

SPEAKER_23 28:02

Landlords in New York have been making a 12% return on their investment or on average.

SPEAKER_31 28:08

What should they make? What's fair for the landlord to make if you don't like 12?

SPEAKER_23 28:12

They're complaining that 12 is not enough. And we don't think that anyone should have a constitutional right to double-digit returns on their investment.

SPEAKER_29 28:20

That's why we've implemented no one should have a right to a double-digit return on their investment.

SPEAKER_23 28:24

No one has a right. That's not no one. No one's in that that's not in the constitution.

unknown 28:29

Okay.

SPEAKER_06 28:30

I gotta follow we're gonna finish listening to this. This this guy gave an interview last week. I omitted it. We should have played his clip. Yeah. No one has a right to a double-digit return. The way our system is set up is you have a right to everything except for these specific services that we empower our government to do for us.

SPEAKER_20 28:51

Yeah.

SPEAKER_06 28:51

Right? Everything else we reserve the right, including the right to make a billion percent profitable. A billion percent loss.

SPEAKER_20 28:58

We don't have a right to cheeseburgers either, but you know.

SPEAKER_06 29:02

But you can still get one. Okay. So this right, a right is is synonymous with obligation. If you have a right, you have a corresponding obligation. They do not have a right to a 12% increase, but they do not have a right, there is not an obligation not to have one. Right. Okay, there is neither. It is up to you how you manage your money and what return you get. But communists believe that all your rights come from government, so therefore, they want to spell it all out for you.

SPEAKER_20 29:34

Well, it obviously you don't need to be an expert in anything to get onto the news station either. Jeez, this guy's a dumbass.

SPEAKER_06 29:41

Yeah, you don't have a right to talk on our news channel either. You know, exactly. So that that is important to understand. Communists believe your rights come from government, other people, normal people, believe your rights come from your creator and pre-exist government, including your right to make or not make a profit. Dear. Okay.

SPEAKER_05 29:58

Well, uh, insanity. Um the fact of the matter is we're talking here about a particular group of landlords who have rent stabilized apartments. Those apartments are not making huge profits. Many of those landlords are underwater in the Bronx. All of the rent-stabilized apartment owners, they lost money last year. That's the board's own data. This is apocryphal to say that landlords of rent-stabilized apartments are living large. They are barely surviving so many of them. Yet this board didn't take into account their rising costs and their declining income. In fact, the board manipulated its own data to intentionally understate the costs for landlords and to overstate the income of landlords. And let me explain just briefly how that happened. Utilities. Utilities going up. The board said, oh no, we predict they will go down next year. July 1, the Mondani administration raised water utility rates 6%. And on income, they didn't calculate the income of landlords on rent-stabilized apartments. If a landlord had one rent stabilized unit in a building and the rest were market rate, the board credited any income on any of those apartments, even the ones that are market rate. That is just sophistry. That is not a real assessment of how poorly landlords are doing in these difficult times. And to give those landlords no rent increase whatsoever for two years, landlords who are hurting throughout our city, that's just unconscionable. So you're gonna win? Bring it on. For the sake of our local democracy, a mayor cannot abuse his power in this way and take an independent board and make it his puppet. And for the sake of our city, where there has to be fair and balanced policy, the law has to be followed, and struggling landlords have to be recognized as needing some increase. We have to win.

SPEAKER_06 32:20

Got it. I feel so bad for practitioners of the legal profession in New York State and New York City. Jonathan Turley described it as the land that the law forgot. Right? We saw this through the Donald Trump cases in New York. They don't they don't care about the law. This this is what they do. They're gonna manipulate independent boards, they'll manipulate the judiciary. It doesn't matter. They're going to get the outcome they want. You watch. I mean, maybe because Mandami is so far left, not everybody in the judiciary is on board with that, maybe they overturn this. But there's gonna be many other policies that they uphold that's gonna leave, you know, legitimate legal practitioners scratching their head, going, How is this possible? New York left the law in the dust a long time ago. Mandami put this out as well. In addition to freezing rents for landlords, he says, if you have a second home in New York City worth more than five million dollars, which by the way, depending on where you are to the epicenter of New York, isn't that big of an apartment, right? Check your mailbox when you get back in the five boroughs because you've got mail. Today we sent notification letters to property owners letting them know that are new pie. Excuse me, a new pie-to-tier tax is coming. The best city in the world deserves the best parks, libraries, and schools in the world. And that's only possible if we all pay our fair share. Blah. Blah. Rob from the rich to give to your local parks. And if we followed Jamie Diamond's advice and actually said, look, we took a million dollars and look, here's a receipt for a playground for a million dollars. That'd be great. But Ron, do we believe at all that the city of New York is actually going to use those funds to improve public infrastructure? Yeah, right. We already know there's a budget shortfall. So everything they're doing to raise money isn't gonna go into anything they're not already paying for. So if you don't already have it, you're not getting it. Because even after all these increases, they're still not gonna raise enough money to pay for things. And it's costs going up. You already heard water, you know, property taxes if it's a second apartment. You might own one of those five million dollar apartments that's under rent control.

SPEAKER_20 34:32

I just I just saw a uh Adam Carolla clip that he did an analysis on the top one percent of the people in America. And he said, if you took all their money, it's not even one year of operating budget for our country. No. So you take all the money, we could operate for one year, and then we won't have any rich people. So who are we gonna get our money from?

SPEAKER_06 34:56

And what happens, right? The legacy news puts out these dog poop stories, just a little bit of dog poop in this story we're telling you. And those little lies seem to be the talking points. The elections weren't rigged, you know, illegals don't vote. Like, what are you? This is there's no widespread fraud, all these other things. There's a commentator that Scott Adams, who I very much enjoyed, rest in peace, named Skirkomish, and he's on CNN. And he's he was considered by Scott Adams to be a fair broker of information. You know, Scott Adams didn't put anybody from being immune from being suckered in on some propaganda or something like that. Your perspective matters, right? What your what your bias leads you to believe easily. And Skirkomish is one of those people that wants to trust publications like The Economist or New York Times or the you know, whatever legacy journal. But Donald Trump's little press conference last week and this subs uh and the following releases of information changed his opinion.

Illegal Voting Claims And Media Trust

SPEAKER_06 35:55

Again, when we see an honest broker, we're gonna appreciate it.

SPEAKER_04 35:58

There was an analysis in the Times in January on which I relied, January of 2020.

SPEAKER_06 36:04

Ah an analysis in the Times magazine on which I relied. How many of our audience listeners would rely on something Time magazine tells you? I think we're probably beyond that, right?

SPEAKER_20 36:15

That's why you're listening from Trump's perspective. Good for him for being honest about it.

SPEAKER_06 36:19

Good for him, on upon which I rely. You know, the magazine that has lied continuously for decades now about almost everything.

SPEAKER_04 36:27

Initial review finds no widespread illegal voting by migrants puncturing a Trump claim. And I remember discussing this at length, having guests on to talk about it, and then coming to the conclusion that you referenced this doesn't happen. I can't say that any longer. I don't know how often it does happen, but I can't say any longer this never happens.

SPEAKER_06 36:48

There was an analysis in the left, the traditional left, the actual classical liberals, of which I like to consider myself a member of, is truth matters. Just let's get the objective facts. We respect everybody's opinion, but the idea here is we want to agree on one plus one equals two. Like we want to agree on things. So Democrats in the last half century have leaned heavily into science, which of course makes them have a bias for climate change studies that might be faulty. But hey, we just want to, you know, facts are facts, right? So if the facts are wrong, they they get their direction wrong. But in their hearts, a classical liberal wants the truth. They want the information, which is which which then, of course, the bias you lean into the New York Times and these publications of Skircomish. But now, for all the classical liberals out there, once you see it, you can't unsee it. Okay, now we know at least 6,600 illegals were registered by the state of New Jersey on the voter rolls. We know at least 400 voted. That number's probably gonna go up, and we know that's one state. So skrkomish is good here saying, I can't say now that illegals don't vote, and I can't say, well, it's already illegal, so it doesn't happen. That's out the window. Even James Carville, right? We talk about the schism in the Democrat Party. If Republicans want to win, we've got to exploit this schism.

SPEAKER_20 38:10

Does this mean that now, you know, um journalists can't say there's absolutely no evidence? I mean, can we get over that?

SPEAKER_06 38:17

Well, they're still gonna say it, but now they can't take it seriously when they do. Okay. But that's the point. So even James Carville, who apparently does interviews from his bed with a pillow behind his head, with a laptop on his lap, the worst angle for an interview. But he does this, he does this interview and he says the thing that we all know, right? He says the problem with the left, and he points it on to the far left, is the lies. The the classical liberals prided themselves on essentially having unrefutable facts. Go look at this climate change report, and they and they would bludgeon you with that until you accepted the premise of the facts. Okay, now we can debate policy or whatever. And now they're staring at the dog poop lies. Now they're now they've eaten all the good parts of the brownie and they're down to the dog poop. And James Carville says this, and he's worried about the Democrat Party in the midterms. Keep in mind, this man is infected with TDS like nobody's business, but at his core, he's a classical liberal.

SPEAKER_13 39:13

I think the Democrats remain in a very strong position.

SPEAKER_00 39:17

I I I hope you're right. I tend to think you're right, but I I gotta tell you, there's too much lying going on in this country. Of course, there's nothing for them, but a but a pack of lies. There's far too much lying coming from the left wing. As long as you have that many lies out there in the vapors or the ether or whatever it is, I I I just I can't believe the lies that these left wingers are telling people. Uh, I can certainly believe the lies that Trump is telling people lie. But some of this stuff is just nonsense. And you got people mouthing that. And it it it it it bothers me and it concerns me slightly. But I I don't know how I agree with you, but I'm just more worried now than I was a month ago.

SPEAKER_06 40:03

Every single month, more and more of the lies the left have told come out. And James Carville, this is he's actually trying to distance himself from some of these things. Yeah, these are the talking points that have been, and now we're to the free stuff phase.

SPEAKER_20 40:16

Well, it's the same thing as Hakeem Jeffries. I mean, that whole like, well, we need to find some accountability. Oh, really? Where were you a year ago?

SPEAKER_06 40:25

Yeah, exactly. Where were you a year ago? These lies are coming home to roost in just the matter of a month. Enough of these, again, it's everything. Like, if you've been dedicated to climate change and we're at Thanksgiving dinner, I know the information about the NOAA report, talking about the thermostats and stuff. I can I can throw dynamite at the foundations of your opinions by debunking the facts upon which you base them. If one plus one, in your opinion, equals three, and I demonstrate that one plus one equals two, fairly easily, everything else starts, you get wobbly, and people will either get defensive or the crack opens up and they start to become woke. They wake up to the truth, right? Right. The Russia gate nonsense. Eventually that broke. The lies caught up. So then they started the Ukraine gate nonsense. The lies caught up and that broke. And then we got into the records stuff and the Jack Smith stuff, and we saw them just go with it. Just go. There's lots of lots of dog poop in that panoramic stuff. Just take it, cook it. Well, now we know the truth. Jack Smith not only got congressional members' toll records, he got their actual transcripts of emails and text messages. So yesterday, Jack Smith was referred to the DOJ for criminal prosecution for this. Yeah. So I'm just I'm just flipping through this up here on the on the media. But essentially, Jack Smith lied under record. Not only did he get the documents and read them, but he explicitly claimed under oath that he did not. So he's now been referred for criminal prosecution. This is very significant. It's very significant. The lies are catching up. You can play a tape, this one and this one. You can read the transcript, you can read what he actually got, and you can tell he's lying. It's catching up. So now you can't say Jack Smith is the best ever. You can see he committed a very serious constitutional violation in his quote unquote pursuit of justice. It catches up. The other lies, things like the election wasn't rigged, they're still fighting that one, or that illegals don't vote. This is Emily Randall. Oh boy. Emily Randall, right? This is our local uh representative to the House of Representatives. Now, I almost ran against her before I got involved in January 6th. During that election cycle, I put feelers out to a couple, we'll just call them bureaucrats, asking them if they ever interacted with our previous representative, Kilmer. And they were like, well, you know, this time or that time. And I was like, you know, what would you think if I ran for that position? And it's kind of just putting some feelers out there. She ultimately ran one. I wouldn't have run as a Democrat. And uh, anyways, she's the one who said the biggest problem in America is white men, they commit all the crimes. Absolutely embarrassing. Well, again, the lies, the lies catch up. They're so desperate. Look at the deflection that she uses again to this Lindell TV reporter when she's asked if illegals vote now that it's proven.

SPEAKER_07 43:20

Hi, Congresswoman. Hi, sorry, I'm late for a meeting. Well, you said the other day illegal aliens are voting in America elections. Can you just elaborate on that a little bit further? Because I thought I thought Democrats always said aliens never vote, but now they do. Sorry, we're running out for a meeting. This is sort of absurd. You know the facts as well as I do that folks were clearly inadvertently registered through a mistake.

SPEAKER_06 43:46

We have laws in place that help ensure that when this happens, this is 100% different than the clip we paid two days ago. One hundred before the press conference, after the press conference. Press conference. Totally the lies they've put out are catching up. I'm worried. As long as these things are floating out in the ether and people believe it, and then when they're proven wrong, they feel dumb. Look at what the billionaire said about the Charlottesville. I thought Trump supported Nazis until I saw the tape. And it opened, and now he puts his billions of dollars into the Republican Party, into the Democrat Party. Right? This is huge. Look at the way she reacted. Dead face. Can't say it doesn't happen anymore because we're supposed to be dedicated to the facts. The problem is the far left started to try to control and manipulate the facts, put the whole party off base.

SPEAKER_07 44:45

The error, I think it sounds like with the investigation is still happening. New Jersey instigated an independent investigation. I could understand how they might have made an error, but 400 out of 6,600 is clearly not widespread fraud. It is something that deserves to be investigated and that we have to figure out the root cause of and fix. But 400 people is not a nationwide vote, is not nationwide voter fraud that this president is um like proposing is happening. But isn't it just such a perfect argument to get the Save America Act passed? Because if that were actually implemented at the time of this, do you know how many people are dying from abortion bans? So we're just fewer that are driving from abortion bans, but if you are like so willing to dismiss Did she just say fewer that are dying from abortion bans? Let's listen to that. But if you people are dying from abortion bans, so we're just gonna change the subject. Well, uh, if you do you know how many people are dying from abortion? If you if you many fewer that are driving from abortion bans, but if you I guess that doesn't count the babies, she made her assistant smile.

SPEAKER_06 46:06

Her assistant smile, but far fewer that die from abortion. Oh, because you don't count the babies. I think she was like, oh, that was a good one.

SPEAKER_07 46:13

Like a percentage argument and an argument about facts. I think it's worth investigating. I think this incident of uh folks being incorrectly registered to vote is important to investigate, it's important to fix, it's important to ensure that our laws are being upheld and that only people who are eligible to vote can vote, but that's already the law. We don't have to pass another law to say what is already the law. So if you're arguing about percentages it being irrelevant, like do you can you do the math for what 400 out of 6,600 is? I have a hard time believing it's actually 400. I believe that if it's 400, it the number's actually far greater, and it's probably happening in far more states. If it happens once, there's very high possibility it happens again, right? I don't think that's what like laws and or what statistics necessarily say, but like determining the facts and following the investigation, you just want to go with your guts, then I think this conversation there's actually numerous evidence, there's numerous pieces of evidence that show uh aliens are registered to vote in a number of states. So it's not just New Jersey, it's actually happening nationwide. But I don't think there's numerous pieces of evidence to say that there's a massive voter fraud. I think isn't one alien voting too many. One person dying from an abortion ban, too many. One person dying from abortion is too many, I think. Thank you, Congresswoman.

SPEAKER_25 47:34

Yeah.

SPEAKER_06 47:35

Teresa Fox for representing that she's running for her position. Fully endorsed anybody but her. How embarrassing was that with the abortion ban? What does that have to do? There's no connection, there's no connection there. Do you see the crack? Do you see why internally they would be concerned? I mean, Emily Randall's drink the Kool-Aid, but again, her core, she probably wants to consider herself a classical liberal, right? The whole reason we have our opinions is because we see the facts clearly.

SPEAKER_25 48:05

And when those facts move in an undisputable way, she so I guess illegals vote, she's yes.

SPEAKER_06 48:19

Can you do math? I can't do percentages. Everything they have based their party around climate change, you know, um demographic things, racism, all of these come from some scientific study. And all of those, I mean, the UN just abandoned their whole climate change agenda. But you know what's left? The virtue signaling. It's the virtue signaling. I live my life in accordance with science. I you know, I probably the virtue signaling's left. So now that's that's all they have. I think, I feel, I want. There's no is. Is one vote too many illegal votes fraud? Yes. How much fraud is acceptable? Well, that's a question. I know, because the correct answer is only zero. There's only fraud that we can't catch. There we can't catch because either we can't, which is what the Democrats leave the system set up to where we can't catch the fraud, or because we allow the fraud. But any fraud is too much and we should try to get it to zero. Is that hard to understand? Yeah. Is that not common sense? Mark Alper.

SPEAKER_10 49:31

Just as I've been critical of Republicans before yesterday, who have overstated the extent of our knowledge about how often it happens. I was critical of Democrats and who said this never happens, there's no need to investigate it, and and kind of taunted Republicans. Uh what yesterday demonstrates is Republicans have uh were right that say we need to find out the truth of these things. This is a this is a fundamental uh uh problem if if people who are voting illegally at whatever scale, even if the scale is several hundred, as one of the Trump administration officials said, every one of those votes cancels out a legal vote by a citizen. It's too fundamental to our democracy. And I agree with those who in the past have said to play down the small scale of what was known nationally, every legal vote is a is a problem, everyone. And I agree with that. And now we have a case of a state that says not only did we allow illegal votes, we facilitated them.

SPEAKER_06 50:30

Huh. And that is a problem. That is a problem that they are not going to run away with. Yeah.

Jack Smith Allegations And Collapsing Narratives

SPEAKER_06 50:36

Speaking of weaponization of virtue, what's one of the other things that classical liberals, and I'm not talking about leftists, I'm talking about classical liberals. Me, you, Ron, we're classical liberals, right? As classical liberals, one of the things we want is equality. We think people should have a fair shot. And we think that slave wages and forced labor, they they harm the human spirit. They're not good. So, as a classical liberal, would I not support policies that discourage forced labor in the goods that we buy off the open market? Right. When I go to Walmart and I buy some trinket and I go, oh wow, this is really affordable today. Do I consider the fact that there's a slave kid somewhere in a third world country making that good?

SPEAKER_20 51:22

I think we assume that that that's not happening.

SPEAKER_06 51:24

We assume that's not happening because it would shatter our conscience, but it does. And there are people who are very sensitive to this, right? It's just like the organic food people. There's people that try to find non-forced labor, non-slave flavor products. This is this is really important. Well, the Trump administration, again, in taking another issue away from the lunatic left who live in emotions and doing a very classical liberal thing, they are tariffing things that come into our country that we know in the supply chain is forced labor.

SPEAKER_03 51:54

Peter, another

Tariffs Targeting Forced Labor Supply Chains

SPEAKER_03 51:55

topic. How's the president imposing uh new tariffs tonight? If his tariffs were mostly struck down by the Supreme Court, imposing them creatively, Brett.

SPEAKER_15 52:04

White House officials are now using a provision that lets them punish countries that they believe are using forced labor. And so it's going to be 60 countries that import 99% of goods to this country, dealing with a new 10 to 12.5% tariff that goes into effect at midnight tonight. Right.

unknown 52:26

Okay.

SPEAKER_06 52:26

Well, follow. So you want to talk about opening up the door for low low-level manufacturing? That's it right there. Because it's going to it's going to increase the cost of production on the countries that are using slave labor, making our minimum wage labor competitive. That's a pretty classical liberal move because those other countries, what are they going to try to do? If they still want to sell their goods, they're going to have to pay a fair wage and document it and prove that they are not discounting the the in using forced labor. That's a that's actually a pretty good move. I mean, if you're going to use the state to protect people, that's one way to do it. Don't always love state power, but it's not directed at me. I might pay a little bit extra, but at that point, it's kind of like who cares? Because the dollars stay home.

AI Data Centers And China Competition

SPEAKER_06 53:14

Another thing Trump's doing, and this is this is actually where I want to end our discussion today, talking about AI and data centers. Okay, so Trump has been really pushing for these data centers, and uh, they've got a huge initiative to get these things built all around the country, and it's causing a lot of problems in rural America. And we're gonna talk about it.

SPEAKER_01 53:32

We are here today to continue the incredible progress we're making in communities nationwide to ensure that as new data centers go up, and it's uh they're going up all over, electricity bills for American families will actually come down. You know, you're gonna be uh building your own data centers and you're gonna build building your own electric plants. You're essentially becoming a utility like Con Edison in New York, but maybe at a level that nobody's ever seen before, because we've seen some of the plants that they're building are absolutely incredible.

SPEAKER_06 54:05

Okay, so these data centers. I have a good friend of mine that in her county in rural rural Georgia is going to have a data center. And they're really up in arms about it, right? Really up in arms about it. And the moment she told me she owns property, a large amount of property in that county, and I thought the moment she told me a data center was going in, I thought, oh my gosh, your property's gonna be worth so much money. And when I talked to her, she's like, I'm worried that my property is gonna lose all this value because we have this data center in our county and the water, the air, the vibe, you know, she went through the list of things. And I was like, you know, I'm not here to say that there's not bad things or negative impacts that a data center can cause. I'm not here to say that, right? But these counties are huge, right? Even if it's 1800 acres or whatever, it's like a thing over there. If you're not across the street, probably don't need to worry about radiation or anything like that.

SPEAKER_20 54:56

This this feels like, and and some people in our audience might understand this right away, but this feels like when a new temple comes to town. It's like there's a lot of people that are like, hey man, we don't want these temples. But as soon as they're there, everybody's like, hey man, this is pretty nice pretty sweet, yeah.

SPEAKER_06 55:16

Well, data center, like it we played a clip a couple weeks back, data center right in the middle of like a suburban. Sure. I data centers are not temples. Let's get that. But one of the things I mentioned, I said, date, okay, the future, right? Elon Musk in that interview talked about this isn't stopping. Like, I did I couldn't stop AI, I couldn't stop robotics. So at a certain point, you have to join them and try to infuse your values into that technology. Okay, I get it. That's what's going on with these data centers. Listen, the world is going online, right? It's not just that we're online, but now we need to process things online. AI's coming. These data centers as they come in. Remember, we are in the middle of a cold war over processing power. A cold war over processing power.

SPEAKER_20 56:01

I I think that we don't understand that as a nation. We we really don't. I think that a lot of people just think that this is uh a capitalist play and that this is just rich people getting richer. I I think that that's what people think.

SPEAKER_06 56:15

Yeah, I do. In fact, let's first listen to Elon Musk talk about energy and chips, which leads to these data centers. Because I I want to bring this point home for the peasants, because your perspective and your information matters. We are in a cold war over AI. It is a race to AI supremacy.

SPEAKER_21 56:34

AI companies are um are doing as well as they are with a relatively small amount of compute. Uh it seems though as that if they had a lot of compute, um there's a good chance that they would be the leaders.

SPEAKER_22 56:51

And at some point, they probably will have a lot of compute.

SPEAKER_24 56:57

Okay, they will be the leaders.

SPEAKER_22 57:02

There's a good chance that they are the leaders at some point.

SPEAKER_21 57:04

Um you can think of like the the constraints on AI are essentially p electricity and AI chips. Um and then for physical AI the robots. Uh China's also got some very good robot companies. In fact, they have these like robot sporting events. I don't know if you've seen some of them.

SPEAKER_09 57:25

Yes, I have. I saw them last time I was in Beijing.

SPEAKER_21 57:27

I saw the the robots. Well, and then they have the sort of like a like a boxing match or fighting match with um the robots, which is quite entertaining. And I s I saw some video of a robot that got his head knocked off, kept fighting, even with its head knocked off. Uh looked pretty funny. But um I mean in fact I think the the robot battles are gonna be quite entertaining to watch. Um But but just so China's China's very strong on robots, very strong on digital AI, and and if you look at electricity production, you say like AI is a function of whatever what whatever the limiting factor is, if it's chips or electricity, China has far more electricity than the United States. In fact, China has more electricity than the United States, Europe, and India combined already. Um and is heading to my guess is China gets to four times the electricity production of the US, which is roughly proportionate to the population.

SPEAKER_09 58:24

What should the US government do about this? I mean, if you you presumably it is a little alarming if you have an authoritarian regime far ahead in the most powerful technology. And clearly what what the US government's been trying to do is with the export controls and so forth, keep China back. Do you think they should ban the use of K3? Gimme K3, for example?

SPEAKER_21 58:45

Well, the US government can't they they can they can pass some log that prevents US companies from using um Chinese models, but they can't stop the rest of the world from from using them. Um so it's it's not like the US government has authority over China or the rest of the world.

SPEAKER_09 59:03

Um You think they should stop US companies from using them? There's talk of that right now, right?

SPEAKER_21 59:09

I don't think that that helps. Um that won't stop from being the leader in AI. Really, it's for for for digital intelligence, it comes down to uh how much AI compute do you have? Well how many chips chips do you have and how much power do you have? How much electricity do you have? Um the constraint right now I think is actually slightly more on power and cooling than it is on AI chips because um the the power demands of the AI chips are very, very high. Um talk about water demands, but really the water em usage of of AI is negligible, or almost nothing. Um but the tr the electrical demand is very high.

SPEAKER_09 59:56

That's why you're thinking of orbital data centers, presumably that's the same.

SPEAKER_21 59:59

Yes, the the constraint for any AI chips not being turned on in China is electricity and like power and cooling and the electrical equipment and everything. Um the rate at which AI chips are being made exceeds the rate at which new electricity is coming online.

SPEAKER_09 1:00:17

In China.

SPEAKER_21 1:00:18

Um outside of China.

SPEAKER_09 1:00:20

Outside China, I see.

SPEAKER_21 1:00:21

Um that's it. And since China you know the U the US has banned the export of the latest AI chips to China um China is is somewhat chip-starved.

SPEAKER_09 1:00:32

So But they are becoming much more efficient at using the chips that they have, and that that one of the striking things of Kimi K3, right, is that how efficiently they and and China is also um I I think closer than most people realize to solving uh the lithography problem which would enable them to make uh AI chips at at very large volumes.

SPEAKER_21 1:00:57

So I think as this shouldn't evolve into just a China conversation, but um But but so the current constraint is is electricity outside of China. In China the constraint is chips. Uh once the uh once we address the the power constraint with um AI data centers in space, uh then the constraint will once again be chips outside of China.

SPEAKER_06 1:01:24

I'd suggest so no, that was a long thing there.

SPEAKER_20 1:01:27

Is this a tower of Babel thing?

SPEAKER_06 1:01:29

I don't know if it's a tower of Babel thing, right? If you think technology is your savior, then that's Tower of Babel. If it's a tool, it's just another tool.

SPEAKER_17 1:01:37

Sure.

SPEAKER_06 1:01:38

The wield was not the tower of Babel. It was a so what Elon's saying is inside of China, they're ahead of the rest of the world in energy production. Yeah, but they don't have the chips. They can't make them, they don't have the supplies. So the constraint for them is getting the chips, which is only being held back by the fact that they haven't figured out this the art of making those super semiconductor chips. But as soon as they do, that changes because now they can mass produce and we can't stop them. So their constraint is chips, which we only hold back through with laws and the fact that the chip companies are American companies, we we tell the American companies not to sell to China. Okay, we violate free market principles doing that. Totally fine because it's in my self-interest. However, outside of China, the constraint is not chips. Nvidia's got them. The constraint is electricity. So Trump has said, look, you can build the data center, come up with your own energy, and we'll package it all up and do it.

SPEAKER_20 1:02:37

Yeah, the only thing that Trump said that I thought, eh, that's not really true is that energy prices are going to come down for everybody. I was like, that's not really possible. So I mean, because if we need more energy in the scale of terawatts, it it's just really hard to start finding efficiency when you get in there, that that range of of demand.

SPEAKER_06 1:02:58

Well, if you think of a data center produces 10% more electricity than they use, that's 10% less on the grid. Because they've they they feed it back. That's what they're doing.

SPEAKER_20 1:03:08

Okay.

SPEAKER_06 1:03:09

Yeah, like some of these data centers. I don't understand that technology. Some of these data centers are doing, is it like Gen 5 nuclear, right? Oh. They're producing way more electricity than they're using, and then they're feeding it back onto the grid. So this is actually when he says you'd become a public utility, it's because you're producing way more than you need. Okay.

SPEAKER_20 1:03:26

I did not understand that component. Okay. That's very interesting.

SPEAKER_06 1:03:30

We've decoupled the licensing for being an electrical provider and being a data center business. We've decoupled the regulation that makes those things so far apart in regulation that the two that the two businesses can't be under the same roof. And we've said, you know, you really smart AI engineers, go hire some electrical grid guys and develop L.

SPEAKER_20 1:03:50

Maybe what they need to do is stop calling these data centers. Maybe they need to start selling them as power generation centers.

SPEAKER_06 1:03:56

So this is the point. When it comes to these data centers, we are in a cold war with China. Does China want the United States to build a single data center? No. Zero. Their objective is zero depending on the city.

SPEAKER_20 1:04:11

I would consider anybody who's voting no against this a lobbyist for China.

SPEAKER_06 1:04:16

That's my point.

SPEAKER_20 1:04:17

Okay.

SPEAKER_06 1:04:18

So we know, we know this for a fact. Again, facts matter. China is funding 99% of the activism against data centers through Facebook, X, Instagram. I didn't know all the negative stories about they use all the water, the aquifers, the pollution, the you know, electrical frequency. Now, there might be a grain of truth in some of these individual stories and these anecdotal things. But the reality is what's happened is rural Americans who want jobs, want you know, business to come back home, want economic opportunity, have now gotten on board with an entirely green piece set of propaganda, right? And they've put on the you know environmental hats. This is Hegelian dialectic. China just wants you to fracture. And they'll, you know, here's a bunch of bad data. And then now they're feeding it to the people that had just rejected that same data a year ago. And I was talking to our friend about this, talking about the data center. I'm like, well, what are your biggest concerns? And she rattled them off. And I'm like, that sounds a lot like anti-oil, anti-this, anti-that. She's like, Yeah, you're right. I said, it's all this cold war over technology and who gets it and who advances it. Any wedge issue. I look at now, I know I have some listeners that are ripping their hair, data centers are bad. Go check your premise. Go check where your information's coming from. Really check those sources. Cows dropping dead, blah, blah, blah. Some of this stuff is like, well, you go dig it down and you find a you find a Facebook post on some weird story, and there's no actual farmer. You know what I mean?

SPEAKER_20 1:05:53

And also, what you're gonna find out is that these data centers already exist and they're everywhere already. Yeah, that's the other.

SPEAKER_06 1:06:00

Thing you're going to find out. They're everywhere. Now, these are scaled for sure, but they're already kind of everywhere. So that's the other thing, too. These data centers come in, and what comes with them? High tech jobs. Okay. What does high-tech jobs bring? Brings new grocery stores because you know there's new people. So it's like everywhere a data center goes, fast forward 20 years, and those are going to be very wealthy counties. Oh, yeah. And even when they do like like this one person, well, they're doing all these tax abatements. I'm like, yeah, because they're building the infrastructure. Like when I build a subdivision, I have to build the roads, put in the fire hydrants, all the utilities. And before I final the plat, what's one of the papers I sign? I give the road. I give the road to the county, and I give the road the fire hydrants and all the right-of-way and all the utility work that was previously our private property.

SPEAKER_20 1:06:45

Well, you I give it to the You end up giving all the infrastructure, the water system, the sewer system.

SPEAKER_06 1:06:50

So now I've just front loaded millions of dollars to county and public infrastructure. So they give me a tax abatement. That's like, duh, this has been going on forever. Your local grocery store got a tax abatement for putting in the sidewalk on the right-of-way, right? Everything gets so it's like not even a it's like that's it's not that they're not gonna pay taxes, they're not gonna pay taxes until they've been reimbursed for what they gave to the city or the county to the people, right? Millions of dollars worth of benefit, millions of dollars worth of benefit that the county didn't have to raise taxes to build. So simply they just you're loaning it to the government, basically, and it's a it's a zero interest gift, right? It's it's straight up. So again, another one of those things where it's like, hey, this might look bad to you, but this is normal standard practice. And why does Trump want to do this? Because if we don't win the AI race, we will live under the bondage of China's AI. It's that simple. So I'm not saying you shouldn't be involved in your community things. I'm not saying a data center in every neighborhood is a good idea, but you really have to step back and go, the the criticism and all the hype that's online about this, let's go see where this is sourced from. And JD Vance and others, they've already put out the information. This is coming from China. They are trying to prevent us from winning the AI race. If we want any semblance of an Americana to be in the technology in the future, so that it we are not the product, but we are the user of the technology, then we have to win this race. Jason Wong from Nvidia explained that Trump is doing actually a really good job with this.

SPEAKER_32 1:08:29

He's smart, he remembers everything. Uh goodness gracious, he sure knows numbers. And um uh he's the only the only president uh that has ever remembered H20, H200, Nvidia's Blackwell. He knows our next generation, Ruben. Uh uh, he has just an amazing memory. And um uh we're sitting here in a new factory. On the first the first time I met him, uh he said he wants to restore the manufacturing capacity of the United States. He wants the United States to be a root to be reindustrialized. He wants a secure uh and resilient supply chain. He wants to move semiconductor manufacturing back to the United States. Uh literally, we're sitting in a plant that is a direct result of the first conversation I had with President Trump. Uh, in Fort Worth, Texas. We're in Fort Worth, Texas. And uh it is it is um uh he's single-mindedly about creating jobs, he's single-mindedly about reshaping the American uh economy and and the labor workforce.

SPEAKER_06 1:09:33

Uh he's that's what the goal is. Every AI data center, right? The inform these are not just grok processing data centers or GPT-4. Every data center is what is going to be the brain for our factories of the future. And uh, this is one of the other things I said too. You know, when you shut down a factory and replace it with a a robot factory or whatever, there's actually pretty much the same number of employees that have to work at the new factory. They have a higher output, right? The factory has a higher output, but about the same number of employees work there, just not on the hot factory floors with riveters and welders. Now they work in cubicles monitoring computer screens and stuff like that. But these are high-paying good jobs. And every other factory, car factories, boat factories, widget factories, are all going to use those AI data centers as their brain. So when you get a data center somewhere near you, likely 10 or 20 years from now, you're gonna find other businesses that pop up that feed into that data center to run their robots or to run their factory floors. Huge economic prosperity can come from these data centers. Now, this does not negate the fact that every location matters. That one we showed in the middle of a town where there's no building codes or zoning codes, bad move. Yeah. Bad move.

SPEAKER_20 1:10:52

But as I was But if you want to put one out in a farmer's field, great spot.

SPEAKER_06 1:10:56

You know what I and again, go check, you know, everything we have to double check, but don't just take it because you see some report on Facebook going viral about these horrible data centers. That there's a strong possibility, strong possibility that that is propaganda, that you're being fed, you know, climate change 2.0. The whole point of climate change was to prevent us from continuing to industrialize. That was the whole point. China ignored it completely. But then they'd get up in the podium at the UN, uh, we have to address climate change and America has to stop building things. Meanwhile, they're putting in coal plants left and right, right? Gotta understand that. Now, AI also brings in the potential for a very high level of prosperity. I greatly disagree with Elon Musk on this point. I understand the principles that he's looking at, but I greatly disagree that this is the solution.

Deflation, Debt, And The Fiat Trap

SPEAKER_06 1:11:50

Unfortunately, I think this is what is going to happen. And this, again, for we the peasants is a big, big deal. Remember, most of the world, most of the people in this country are relatively ignorant when it comes to macroeconomics. They're relatively ignorant. When they get money from the government, to them, it's free money. When I get money from the government, I'm like, ah, now all my other money's worth less. Right?

SPEAKER_21 1:12:16

I think that the treasury should just simply issue people checks.

SPEAKER_09 1:12:20

But where's the revenue coming from? I mean, I'm enough of an economist.

SPEAKER_06 1:12:23

If you just issue check, remember, Elon Musk knows there's no real money here. He knows that nothing is actually being lent.

SPEAKER_20 1:12:29

I know. It's so funny how she's like instantly comes up with a question whoa, whoa, whoa, whoa, where's the revenue?

SPEAKER_06 1:12:34

There is no revenue. That's the point. But it's also the problem.

SPEAKER_21 1:12:40

This is like a lot of what we're trying to think about is these things were relevant in the past, they will not be relevant in the future. So like inflation is simply the ratio of money to the ri to to goods and services. So if the goods and services output increases dramatically, if it increases a thousand percent, you can increase the you can literally print all these case change the database print money. Change the data in the database. Um provided the creation of that money uh is less than the rate at which goods and services increase, um you you actually have deflation. So I'll make a prediction which is that deflation will be the issue, not inflation. Because as the output Okay.

SPEAKER_06 1:13:31

If deflation happens, our economy collapses. Because what Elon Musk just described in the sentences prior was the debt doesn't matter as long as your goods and services are outpacing the debt. The problem in America is that we're at like what 115% of our debt to the goods and services GDP. So he's like, when he left Doge, his thing was we have to grow out of this. Well, that's the rat race. That's the hamster will where we just constantly are grow, grow, grow, new, new, new, quick buck, quick buck, quick buck.

SPEAKER_20 1:14:01

I was just gonna say this is exactly what explains why we print so damn much money.

SPEAKER_06 1:14:07

Yes. And uh if prices come down, so because we're a debt-based system, if I borrow $100,000 to do something thinking I'm gonna get a hundred thousand dollar return when I sell a thousand goods and the price of my goods comes down, deflation, and I make $90,000, I still owe a $10,000 difference. Okay, deflation destroys inflationary economics. Keynesian economics destroys it. It is the one thing that a Keynesian economic economics person must avoid is deflation, because it it makes all the debt come due. That's why. Because you don't make enough to pay the debt because prices are going down. You need prices to go up, so the debt looks smaller, right, as you have more inflation. So that's how they juice it. Inflation. So when Elon Musk is like, well, deflation's gonna be, everything's gonna be affordable, it will never be affordable. It will never be affordable because while you might think that your business can survive deflation because you know money's not real and you'll just borrow more and just you just never-endingly refinance it, or that you just think you're too big to fail, they'll bail you out one way or the other. But for every other small business, that tire shop around the corner, they won't be able to pay their mortgage. If the cost of tires, you know, they've got a whole debt system that's set up with a tire being a hundred dollars a tire. If that tire goes down to eighty dollars a tire, he now needs to sell 20% more tires to pay the debt that he took on a year or two or three ago. Deflation destroys things. So the solution is print money. Just give people money so they can pay their debts. So instead of giving you stimulus checks to go shopping just before Christmas, George Bush, go shopping, right? They're gonna say, go pay off MasterCard.

SPEAKER_25 1:16:00

That's what they're gonna say.

SPEAKER_06 1:16:02

So the solution is going to be inflation. Uh the solution to deflation is more inflation, which will compound the problem. And is there any real way out of that?

SPEAKER_20 1:16:14

No, there's not. That's that's the realization I had where like we're never gonna pay the debt because it can't, you know, we just can't. We have to keep growing the debt in order to keep this rat race going.

SPEAKER_06 1:16:27

Uh Deplorable D says, but you should be able to buy raw materials cheaper with deflation, which lowers production costs. Yes. Yeah, assuming the business owner is operating free and clear. See, this is this is Deplorable D, this is a great question. That assumes that the business owners can pass on the cost savings and that their cost basis adjusts pricing. Right. The reality is that's not how a debt-based fiat system works. There's lots of people. Every business owner has two-year leases and mortgages and business loans that have fixed payment rates. That doesn't change. But if inflation goes up, those payments get smaller in proportion to the ever climbing, you know. I started my store, it was $50 a tire, then 60, then 70, then 80, then 100. And my debt's all based at the 100 because I did a big refinance to invest in new shop floors, blah, blah, blah. Prices come back down. Now I can't pay my debt. The whole loan was based on a certain amount of revenue for a certain amount of tires. And then you get into things like law of diminishing returns. Well, it'd be great if I could sell mug tires, but I've only got three bays and I and I'm fully booked, which means I literally couldn't sell another tire if I wanted to, because I actually don't have the capacity. Law of diminishing returns. So that's where in a Keynesian system, you have to grow. You cannot not grow. And then it's stimulated with inflation for government spending.

SPEAKER_20 1:17:52

And that have to grow goes for the whole enchilada. That's why our debt keeps growing.

SPEAKER_06 1:17:58

So now, if you're completely debt-free, deplorable D, a no-debt personal and business, then yes, this isn't the you'll just survive. You just adjust your prices down and up. And, you know, presumably all your prices at home, your eggs and everything are going down and up. That's one of the things I really loved about owning a business. Because when I first got started, right, we would install a gravity septic system for 6,600 bucks, 7,000 bucks. By the time I left the industry 10 years later, that same exact sephis system was 15 grand. Period. End of story. Wouldn't even touch it for less. Our prices doubled over 10 years. Right. What what we used to go work for for 25, 7, 70, you know, a couple, a couple thousand bucks, and we'd take home $2,000 for doing the install. That thousand dollar, me and my partner would split it, that thousand dollars went a lot farther. And a couple years later, when we were splitting $4,000, the $2,000 didn't go as far. You insert deflation into that, where now I've got $15,000 expenses and I can only install at $6,600. I won't do the work. We used to say, I won't even get out of bed for that. So in a system that's essentially doomed to fail, as Cynthia Luma says, fiat by design

Bitcoin As A National Escape Hatch

SPEAKER_06 1:19:09

has an expiration date. What do you do?

SPEAKER_16 1:19:12

When countries get to this problem, it's a so it's called a sovereign debt crisis. There's really only one way out, and that's inflation. And so the money is going bad. It's going bad at an increasing rate. And that's why we're all Bitcoiners, because we now have a perfect form of money that cannot be diluted. And as Jesse Myers pointed out, this is a once in humanity kind of event. I mean, we're going to talk about this as there's going to be pre-Bitcoin and post-Bitcoin. That's how big a deal this is. And most people don't even get it. It's stunning. I mean, it's like the fact that I can buy Bitcoin at $85,000. I feel like a kid in a candy store. I'm just trying to figure out, you know, do I really want to sell a kidney? I mean, probably not. But it's just an unbelievable opportunity.

SPEAKER_06 1:19:53

It's an asymmetric bet.

SPEAKER_16 1:19:55

Something to consider, I guess.

SPEAKER_06 1:19:56

Elon Musk and the technologists are saying that AI will bring deflation. Well, deflation brings destruction. Don't fool yourself. So the solution to the destruction is we'll just have the treasury print a check. All that does is kick the can to tomorrow. Yeah. It's an asymmetric bet. Former president of PayPal explained it this way. It is more fungible than gold.

SPEAKER_18 1:20:20

Like, you know, just you know, try to buy coffee with like a gold coin. Good luck. Um, it has more portability than gold. Uh, you can remember 12 words and carry around a billion dollars or more if you want. Like, you know, that's totally fine. So if you remember in your head 12 words. Pretty pretty remarkable thing, right? You know, i i if you look at the market cap of gold right now and you adjust it to the number of bitcoin and all of that, like you know, the market cap of Bitcoin should take it to a price per Bitcoin that's should be anywhere between you know 1.1 and 1.5 million dollars a bitcoin. And I think I think that's going to happen. The question is when. And uh that your your guess is as good as mine, but it'll happen.

SPEAKER_06 1:21:08

It's gonna happen. The question is it is more fun. And yesterday I showed a little bit of information that there are significantly more to a magnitude of like 11 million more owners of Bitcoin in the United States than there are owners of gold. So this transition is happening, right? People who look for store of value are increasingly turning to Bitcoin because of its qualities, and it's not just we the people, the peasants, get on or get left. You're either going to be one of those ones that's begging for your next treasury check so you can buy eggs and milk and make your minimum credit card payment, or you're gonna be someone living in a total world of abundance. Because Bitcoin isn't just the solution for me to project my savings into the future and my saved energy into the future. It's also the only viable solution when it comes to macroeconomics to the United States of America's national debt.

SPEAKER_19 1:22:03

Um, I know you've spoken about kind of the potential for Bitcoin to be on the asset side of the balance sheet in terms of shoring up that balance sheet. Could you speak a little bit more to you know where we are now at 1.3 trillion and you know why you think this could be a lever for us to improve our fiscal health?

SPEAKER_28 1:22:18

Well, if we had um Bitcoin in a strategic reserve that was a buy and hold strategy, uh, we could take, for example, if we held 5% of the world's Bitcoin and held it for 20 years without selling any of it, we believe we'd be in a position where it could reduce our debt uh by by one third to one half. And if we held even more than five percent of the world's bitcoin, it could actually erase our debt.

SPEAKER_06 1:22:52

Um, I know you've spoken about kind of the potential it's the only actual way out. Notice how Jason Wong from Nvidia says Trump's smart, he knows numbers, he knows all the stuff. Like you go listen to RFK talking, he knows music, like the guy is an information fiend. If he did not have an accent from Queens, New York, we would think he was like Harvard. He's a magician, right? He understands how to use language and talk to the little guy. He knows how to talk to the little guy, but in his mind, and what he's doing is he's really reshaping the whole world at the same time. Not only does he understand the impact of AI, he understands that we need to go onto digital assets, specifically Bitcoin, right? This is a part of the Clarity Act and other things. The Clarity Act will facilitate AI agents doing their little crypto token exchanges. That'll be do a lot of that. It'll put it into a framework so there's laws around it. But Bitcoin, the right to self-custody, and then the second bill, the establishing the Bitcoin reserve, that's the off-ramp. You're not stopping AI, you're not stopping inflation. So, how do you set ourselves up so we have a viable solution 20 years from now? Buy Bitcoin today as a nation. And you as a peasant should do the same because the nation's debt problems are your debt problems. They're the same thing. All right, guys. Solutions abound. You just have to make your choices. We got lots of problems, but it's still the greatest nation on earth. We are officially the tallest midget in the room. All right. So we're heading off. It is the weekend. Ron, you're not going to be here for the next two weeks, right?

SPEAKER_20 1:24:29

Yeah, before I go, I was just thinking, you know, maybe we should talk about buying Bitcoin in the same way that we used to talk about buying war bonds. Yeah. Yeah, because the same effect. You know, if we really are in a war, maybe we should talk about it in those terms. Yeah, maybe. All right. And then there'd be some patriotism attached to, is it?

SPEAKER_06 1:24:50

Yeah. Uh yesterday, July, I guess it was a couple days ago, July 18th, Kazakhstan, you know, a sovereign country, though most people don't even know where it is on the map. They started a a Bitcoin strategic reserve and specifically digital mining. Again, when sovereign nations are getting in on this, there's no reason to sneeze at Bitcoin. You know, they want to secure their place in the future, and they're doing it that way. All right, so you're gonna be gone like the next two weeks.

SPEAKER_20 1:25:17

Two weeks.

SPEAKER_06 1:25:18

Do you want to try to Yeah, we can. Okay, great.

SPEAKER_20 1:25:21

We did last time, you know, we did it uh last time I was out of town.

SPEAKER_06 1:25:24

Yeah, we did. You piped in. So we'll we'll we'll we'll make a try at it. So it might look a little bit different for the next two weeks, but it'll be so

Bitcoin Class, Self-Custody, And Wrap

SPEAKER_06 1:25:31

much fun. All right, guys, don't forget 1776live.us. We've got our Bitcoin class going on. It's excellent. We just got through self-custody and how to do that. And for me, the class might have paid for itself. You know why? Because I bought a cold storage wallet and or cold storage key generator, and it came in the wrong packaging. Oh, and I caught it because in class he showed us what the packaging should look like. That's not the right packaging. So he encouraged me to email the seller. The seller confirmed the packaging wasn't quite right, and they offered to replace it for free. I what if I had put Bitcoin into that wallet and it was uh right? Probably already paid for itself. All right, we'll talk to you guys again Monday.

Monty Python Peasants Button

SPEAKER_27 1:26:52

I didn't say something about the old woman. Hanging on to a static imperialist dogma which perpetuates the economic and social differences in our society. Is there ever gonna be any progress? How do you do, good lady? Um king of the Britons. Whose castle is that? The Britons. We all are we are all Britons. I am your king. We thought we're an autonomous collective. You're yourself. We're living in a secretary. Stop perpetuating autocracy and which the working classes are what it's all about. These good people. Who lives in that castle? Then who is your lord? We don't have a lord. What? I told you. We're in a narcissist Nicolas commune. We take it in turn to the sort of executive officer for the week. Yes. But all the decisions of that officer have to be ratified in a special biology meeting. Oh, you're gonna be quite the king. The lady of the lake. Um purest shimmering same. Hilda Love Excalibur from the bottom of the water. Signifying something. That is what I'm talking. Listen, strange women, not an important distributive thought. There's no basis for a system of government. Supreme executive power from a mandate from the message, not from some philosophy or aquatic. You can't expect to worry about supreme executive power. Just because some water is an emperor. Just because some motion bigger,