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sounding great and feeling
really straight. It's time once

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again for the show that emanates
from two different corners of

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the place we call get mo nation.
Coming to you from Gitmo nation,

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eastern South West London in the
curry terrace. I'm Adam curry.

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I'm John C. Dvorak here in
Northern Silicon Valley in the

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gizmo nation. How are you my
friend? Well, we just did a show

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on Thursday. And now we're doing
well. I think we're gonna move

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this one though, for people out
there who want to know, Sunday.

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Why is that? Well, I

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think it's because you got
Thursday, Friday, Saturday, then

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Sunday show and then Monday,
Tuesday, Wednesday, and I think

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it breaks it up better. But that
one extra day weird things

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happen on Saturday? Well, you
know, I

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don't know a lot of covert
decisions are made on Sundays.

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Now, I don't want to do it on
Monday. No, no, forget it. Well,

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it's

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okay. I must say, though, I
noticed that when we did the

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show on Thursday, you you were
in a much more awakened state

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than on the weekend and myself
as well. Probably awake. Yeah.

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Like, like we were really?

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Because we didn't get plastered
the night before.

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Says you. Yeah. So I, we were
talking just before the show

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started, and of course, and I
said, oh, let's just get the

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show rollin. Because you're,
you're outraged and, and I just

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want to kind of feed you and
just pour more fuel on the fire

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because I really need a good
solid. JC de rant.

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Okay, we go ready?

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Do I get to interject? Do

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I just sit back and listen for
the whole night? You can throw

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in anything you want. You're not

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set yet? Let me say up. Hey,
John, how about that sec.

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Yeah, how about that sec. Okay,
here we go. Oh, man. Q here we

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go. Now, let me just here, just
what set me off. I'm reading

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this four page article on
Reuters about savings lost to

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Madoff, elderly, elderly forced
to force back to work talking

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about how some 90 year old guy
has to, you know, work at

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McDonald's and all that kind of

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Because? Because it made off
last his pension fund money.

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Yeah. Right. And the list is
out, by the way. And what we

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blogged it? Yep. And you can get
links to it has been linked by

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you know, basically it has been
pulled down from a couple of the

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sites. Yeah.

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Thank you for the link. I
downloaded it. What is it like

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350 names on there?

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No, it's more than that. It's
like 160 I'm sorry. 650 names?

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No, no, no, it's more than that.
It's 100 is 160 pages. And each

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page has about 5060 names on it
each

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1000s Christ unbelievable. And
all with with addresses and

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yeah, the cool thing is it has a
search engine. The PDF file does

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Yeah. You can look up the city.
You can look up London, for

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example, how many people in
London were burned.

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I got a laugh out of Beverly
Hills. I was kind of funny.

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Beverly Hills, a bunch of
Beverly Hills. Of course the

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real concentration is New York
City. Yeah. 1000 I think 2000

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people in New York City alone or
something like that. Yeah. And

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but also a lot in Boca Raton,
and Palm Beach,

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the retiree. So you're reading
this list and you're thinking,

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huh,

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well, no, I'm actually reading
this list looking for people

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Arthur Rock's name showed up.
One of the original venture

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capitalists who invested in
Apple in his early days. Okay.

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All right. And what's also kind
of pathetic about that list, you

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start looking at it and it's
like, you know, you see the name

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of the husband, the name of the
wife and the name of the family

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trust.

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Yeah, big word there on Wall
Street trust. Yeah, we love

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those.

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Family Trust. I guess you have.
Your family is now out of

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business. Yeah, kaput. So
alright, so I read this. Just

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what set me off is the last two
paragraphs of this long article

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after losing money to Madoff
Lawrenceville, Dean of the

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massachusetts school of law said
both the US Securities Exchange

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Commission and the Financial
Industry Regulatory Authority

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could be held liable for
investors losses, quote, the

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brokerage industry is
responsible for this because

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they are the people that caused
all of this, he said. So I'm

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thinking, oh, wait a minute. Are
you telling me that because of

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these boneheads, and I sent you
a picture of Linda Thompson in

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her cohort,

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I wouldn't hire them in my
company.

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To lawyers, by the way, who
don't know anything. I want you

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to go to that photo which I sent
actually, I got

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it. I got it here. Yeah,

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I read that little that little
caption.

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Sec officials, Laurie Richards
left and Linda Thompson

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described how the SEC has not
been able to keep up with the

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increasing complexity of the
financial markets.

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Now in other words, they can't
keep going. No, they can't keep

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up their course. Lawyers

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What's the what's the name on
the left Laurie Richards she she

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looks like she has to take a
massive dump in this picture.

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You ought to see pictures of the
other one. Anyway, so So But

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meanwhile they can go after
Martha Stewart.

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Okay, John, hold on a second.
Let me get you a little more

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incense. Don't you think that it
is perhaps possible that they're

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protecting Nate off because he's
lots of people had to know the

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made off thing is a fractal John
it's a fractal of the entire

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final

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something hokey going on. And
there was also an SEC person

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involved in the in made off
family of course beside the

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point I don't I'm actually of
the opinion that this is just

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bureaucratic incompetence. And
then like, people was put into a

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job and they know since they're
professional bureaucrats, all

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they really have to do is sit
back make a you know, make a

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little stink here and they go
after Martha Stewart get a lot

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of ink for that, by the way. So
I did a calculation on Mount

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Martha Stewart's you know,
horrible crime compared to this

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thing. And just to give people a
little idea of this, Martha

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Stewart was going to what she
had done wrong was he listened

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to her stockbroker tell her that
the daughter of this CEO was

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selling all the stock of the
company that she held some stock

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and so she decided to sell
that's the whole thing. That's

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the whole major crime.

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And it was what $67,000 or
something I don't know is

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45,673 Dude, people are

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in jail for life because they
got caught smoking marijuana

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three times. Come on. I mean,
yes, of course. It's crazy,

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though

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the factor between made off scam
and made off by the way is still

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out.

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Yeah. Park Avenue home arrest

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is 1.0 9 million, like 1000s of
degrees of magnitude and decided

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how am I going to compare Martha
Stewart's great crime that these

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two women by the way that woman
Thompson was, was the main

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person after Stewart. If you
read her bio, she was taking

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great pride in busting Martha
Stewart. The factor is if you

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take the earth to the sun's
diameter, it's 100 to one, this

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is 10,000 suns compared to the
earth 10,000 suns compared to

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the earth, that is the
difference between Martha

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Stewart who ended up in jail.
And this crime that was handed

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to them on a silver platter
apparently time after time, they

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refused to do anything about it.
So now I'm reading that these

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the the taxpayers may be liable
for this. So I look into this

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well, you know, then again, I'm
gonna look at the Financial

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Industry Regulatory Authority,
who was the head of that thing?

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From Let me see 2006 to 2009

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Oh, man, I can't wait to hear
it. Mary Shapiro,

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Mary Shapiro was the head of
that operation. She should have

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had something to do. What is
Mary Shapiro doing now? She was

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appointed by Obama to be the
head of the SEC.

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Country on believable,
unbelievable. And what can I

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change is this this woman, Mary
Shapiro, who's you can look at

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look up her picture. She has
been essentially a bureaucratic

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hack, working with Clinton's
administration, George HW Bush

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administration and Ronald
Reagan. She was actually the

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chair of the SEC, temporarily
under Reagan, she has always

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been in these one of these
positions that she took over

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that the FBI are a the Financial
Industry Regulatory Authority,

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and she was in there from 2006
to 2009. She should have done

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something about makeup, she did
nothing. And meanwhile, now

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she's the head of the SEC. And
her She's exactly the same as

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these other women. A lawyer
wouldn't She's no natural

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background and I

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got ground whatsoever. Well,
this further solidifies how has

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this changed? Well, this further
solidifies what I've been saying

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for over a year now and others
and for much, much longer that

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it's a wrestling match. It's
like professional wrestling, we

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get these two parties. We got
the guy in the red cape, the guy

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in the blue cape, and they
pretend to wrestle around and

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we're gonna, you know, we're
gonna say this is the guy we

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want to win, but it's the same
people behind all of this. There

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is no change. It's exactly the
same people from the past two

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administrations who are in
they're wreaking havoc wreaking

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havoc.

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Every thinking is the word. Now
I guarantee you that the US

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taxpayers are gonna get stuck
with this

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is this. This is the scam John
this is the scam. The scam is

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and I bet you a lot of people
have those 1000s of names on the

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list. In on the scam, where,
first of all this money went

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somewhere. It didn't all go into
made offs pocket, okay, I've

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seen the yachts I've always
wondered how can some

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motherfucker afford a yacht like
that. And I've, I've seen the

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wealth, it is just outrageous,
the wealth was flowing. Now they

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blow it all up because they know
they had to it's a part of I

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guess a plan and then everyone
gets the payout anyway, everyone

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gets their money back. It's,
it's not it's a Ponzi on top of

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a Ponzi, it's fucking beautiful.

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Well, in the meantime, of
course, there's a few people

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that are gonna have to wait to
get their money, these 90 year

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old farts who are not working at
McDonald's. Anyway, I just found

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it. Unbelievable that the woman
who headed up the other

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regulatory agency that was
supposed to take care of this

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and could be liable for this
losses is nose up as the head of

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the SEC these other two women,
these other two lawyers,

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Thompson and whatever, Laurie,
they were the enforcement. Oh,

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by the way, you know, she wants
the enforcement officer and the

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other compliance or something. I
mean, where are some financial

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people that know what they're
doing, instead of just these

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lawyers? I mean, I just don't
I'm not getting it.

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Well, the whole White House is
now filled with lawyers. The

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first the First Lady and the
President are lawyers. Yeah,

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it's all lawyers.

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I guess. I guess the whole
country has gotten lawyer it up.

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But it really hit me this week.
John, I think after we spoke on

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Thursday that made off is just a
fractal. My fractal recognition

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00:11:35,490 --> 00:11:39,060
program went off and I went, of
course, this is just a small

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part of this entire pyramid,
which is the financial industry.

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The whole thing is a scam. Every
Everywhere I look, it's just it

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doesn't add up. The numbers
don't add up. It doesn't make

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sense.

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Meanwhile, by the way, that
woman here she is Mary Shapiro,

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if anybody I don't know, I don't
know who subscribes to equities

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magazine. But she's on the
cover. She was the Cover Girl,

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Mary Shapiro and the new
Financial Industry Regulatory

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Authority. After taking the top
job at the NASD in September of

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2006. Mary Shapiro sculpted its
consolidation with NYS e

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regulation to create a stronger,
more efficient regulatory body.

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Shapiro now serves as the CEO of
the newly formed Financial

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Industry Regulatory Authority,
which which oversees 5100

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security brokers dealers doing
business in the United States.

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Unbelievable. And they're the
ones that are supposed to have

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the real oversight. Right? Yeah.
Unbelievable.

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So that's my rant for the day.
On uh, you know, I mean, what I

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send the course I sent that
picture of that those that you

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to that you see there on the
Twitter, I sent that out to so

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we're looking at these two
women. It's all I said. The ones

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responsible, that's that's
blacked back from a bunch of

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00:13:01,500 --> 00:13:04,680
women. So what are you a sexist,
ageist? What do you what are you

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00:13:04,680 --> 00:13:05,010
trying

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00:13:05,010 --> 00:13:11,190
to Jesus Christ. So So Timothy
Geithner, I saw his first press

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00:13:11,190 --> 00:13:15,210
conference now he's been
confirmed as Secretary of the

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00:13:15,210 --> 00:13:18,810
Treasury. Did you? Did you have
an intention? Yes. You spent no

223
00:13:18,810 --> 00:13:19,260
more. No,

224
00:13:19,260 --> 00:13:22,110
I know, I haven't gotten on the
C span bandwagon like you have.

225
00:13:22,140 --> 00:13:26,190
Well listen to his first
meeting. It was a meeting of the

226
00:13:26,220 --> 00:13:31,890
President's Working Group on
Financial Markets. Better known

227
00:13:31,890 --> 00:13:38,850
as the plunge Protection Team.
Now, you have a clip? No,

228
00:13:38,850 --> 00:13:42,510
because he barely said, No, it
was so funny. Because again, C

229
00:13:42,510 --> 00:13:45,780
span just does raw with no
commentary. And so you just see,

230
00:13:45,840 --> 00:13:47,850
see him all waiting there. And
the photographers are waiting.

231
00:13:47,850 --> 00:13:50,700
And then, you know, the cameras
already rolling for about three

232
00:13:50,700 --> 00:13:52,980
or four minutes before he
finally gets the cue. And then

233
00:13:52,980 --> 00:13:55,710
he says, and then he starts off,
but you know, it's just a it's

234
00:13:55,710 --> 00:14:00,120
just a photo op. He says
nothing. It's, you know, it's

235
00:14:00,120 --> 00:14:02,700
that long table that they always
sit at in the in their

236
00:14:02,700 --> 00:14:07,830
conference room, whatever it is.
Yeah, I will. Well, while we're

237
00:14:07,830 --> 00:14:11,370
on that tip, let me bring up a
list here, which we do need to

238
00:14:11,370 --> 00:14:15,660
discuss, because it goes
perfectly with these, with these

239
00:14:15,660 --> 00:14:19,230
two women. Here, the White House
I love whitehouse.gov, as well,

240
00:14:19,230 --> 00:14:22,470
because they have press
releases, which is cool, just

241
00:14:22,470 --> 00:14:25,830
like a company, which of course
it really is. For immediate

242
00:14:25,830 --> 00:14:29,430
release February 6 2009, Obama
announced his Economic Advisory

243
00:14:29,430 --> 00:14:35,910
Board. I hope you caught a whiff
of this list, John? No. So

244
00:14:35,940 --> 00:14:39,930
again, I saw it on C span and
there was a president and he had

245
00:14:39,930 --> 00:14:42,630
a whole whole bunch of people. I
recognize a few of the faces

246
00:14:42,630 --> 00:14:45,660
which we'll get to. And he said,
these are the people. Let's see

247
00:14:45,660 --> 00:14:50,040
if I have a quote here.
Actually. The Economic Recovery

248
00:14:50,040 --> 00:14:53,550
Advisory Board Economic Recovery
Advisory Board will provide

249
00:14:53,550 --> 00:14:55,740
regular briefings to the
president vice president and our

250
00:14:55,740 --> 00:14:58,710
economic team. The board will be
established initially for a two

251
00:14:58,710 --> 00:15:00,840
year term afterwards the
president make a determination

252
00:15:00,840 --> 00:15:04,950
of whether to extend the work of
the Board. And it was funny and

253
00:15:04,950 --> 00:15:07,380
I wish I did have the sound
clip. At a certain point. You

254
00:15:07,380 --> 00:15:10,200
know, Obama says, well, these
people here, do a lot of them

255
00:15:10,200 --> 00:15:13,950
all think they're economist big
laugh. And he's but some of them

256
00:15:13,950 --> 00:15:17,820
actually are economists. And he
was funny. He was it was a

257
00:15:17,880 --> 00:15:21,420
fucking great, great little
standoff, you know, great

258
00:15:21,420 --> 00:15:24,300
script. And he was reading
obviously. So here are the

259
00:15:24,300 --> 00:15:28,260
members of the board. Okay, pull
it up. William H. Donaldson,

260
00:15:28,260 --> 00:15:31,650
chairman of the SEC from 2003 to
2005.

261
00:15:32,069 --> 00:15:35,519
Oh, overseeing Madoff. Yeah.
Okay. Roger

262
00:15:35,550 --> 00:15:39,090
Ferguson, Jr, President and CEO
of the TIA. That's the Teachers

263
00:15:39,090 --> 00:15:43,260
Association, I think. You think
Yeah, isn't it?

264
00:15:43,409 --> 00:15:45,059
Well, hold on a sec, Tia.

265
00:15:45,090 --> 00:15:48,360
I think that's the teachers.
Well, let's move on because

266
00:15:48,390 --> 00:15:51,180
that list I looked at Okay.
Robert

267
00:15:51,179 --> 00:15:59,279
Wolf, Chairman and CEO of UBS. A
banker, okay. The CIO of Yale

268
00:15:59,279 --> 00:16:00,149
University.

269
00:16:01,289 --> 00:16:05,399
Oh, actually, the TA is the
teachers insurance and annuity

270
00:16:05,399 --> 00:16:08,939
Association. Okay, well, and the
college retirement equities

271
00:16:08,939 --> 00:16:09,239
fund,

272
00:16:09,270 --> 00:16:13,470
let's just skip to the good ones
such as Jeffrey R. Immelt, CEO

273
00:16:13,470 --> 00:16:17,190
of GE, this is fascism.

274
00:16:17,760 --> 00:16:20,280
This is this is how it happened.
corporatism. Right

275
00:16:20,309 --> 00:16:24,719
corporatism, and is moving into
fascism, G which, of course

276
00:16:24,719 --> 00:16:26,909
makes the stupid Mercury filled
light bulbs that are being

277
00:16:26,909 --> 00:16:32,729
forced in our ass, but owns
MSNBC, CNBC NBC, which ones Am I

278
00:16:32,729 --> 00:16:36,719
missing? I mean, and who
probably will get a bailout from

279
00:16:36,719 --> 00:16:40,799
the government. It's just that's
outrageous. Now here he is our

280
00:16:40,799 --> 00:16:44,069
buddy John Doerr, partner of
Kleiner, Perkins, Caufield and

281
00:16:44,069 --> 00:16:48,089
Byers. He finally got into some
kind of post.

282
00:16:48,330 --> 00:16:51,180
He did. I don't think that's
what he was. I don't think

283
00:16:51,180 --> 00:16:54,390
he was. So it goes down. Then
there's the CEO of Caterpillar,

284
00:16:54,840 --> 00:16:59,790
the Chief Executive Officer of
law opinion. I don't know that

285
00:16:59,790 --> 00:17:03,450
market research. Then there's
Charles Phillips, Jr, president

286
00:17:03,450 --> 00:17:09,270
of Oracle Corporation. And they
do have two economists Laura

287
00:17:09,360 --> 00:17:13,050
D'Andrea, Tyson Dean, the Haas
School of Business at University

288
00:17:13,050 --> 00:17:16,710
of California Berkeley, of
course, and Martin Feldstein,

289
00:17:17,190 --> 00:17:21,480
who's professor of economics at
Harvard. So they basically got

290
00:17:21,570 --> 00:17:25,710
corporate America and then two
token economist thrown in,

291
00:17:26,040 --> 00:17:29,430
Brian a couple of token venture
capitalists or Silicon Valley

292
00:17:29,430 --> 00:17:32,490
people so they can get that out
of the way. Yeah. You know,

293
00:17:32,490 --> 00:17:34,290
because they've, they're
indebted to them. So this Hey,

294
00:17:34,290 --> 00:17:37,980
what do you what else you want?
It'll be very, that would be an

295
00:17:37,980 --> 00:17:40,860
interesting meeting to be at,
because that door is very kind

296
00:17:40,860 --> 00:17:45,630
of outspoken. And he really
believes. Yeah, totally.

297
00:17:45,660 --> 00:17:50,130
He's a real believer. And we
knew we knew something was gonna

298
00:17:50,130 --> 00:17:52,260
happen because you know, he
asked if he if he could be led

299
00:17:52,260 --> 00:17:57,150
off the board of Nevio because
he's basically cutting back a

300
00:17:57,150 --> 00:18:00,840
lot of his board work and he's
really going into this full

301
00:18:00,840 --> 00:18:01,260
time.

302
00:18:02,670 --> 00:18:04,950
Interesting to delete them off.

303
00:18:05,850 --> 00:18:09,210
Yeah, we replaced them with the
Bing Gordon. Oh, that's right.

304
00:18:09,240 --> 00:18:14,670
Yeah. So I think I found some
what have a smoldering if not

305
00:18:14,670 --> 00:18:15,870
smoking gun, John.

306
00:18:16,499 --> 00:18:19,709
All right, go. Oh, by the way,
can I mention what can I just go

307
00:18:19,709 --> 00:18:23,639
back to my rant just to mention
one more interesting anytime

308
00:18:24,239 --> 00:18:27,539
about Mary Shapiro, while she
was the chairwoman of the

309
00:18:27,539 --> 00:18:29,969
Financial Industry Regulatory
Authority and now head of the

310
00:18:29,969 --> 00:18:33,569
SEC, she happens to be a member
of the Board of Directors of

311
00:18:33,569 --> 00:18:37,829
Duke Energy and crafts food. How
does that work?

312
00:18:38,759 --> 00:18:41,249
Is to Are you well, of course I
mean,

313
00:18:41,700 --> 00:18:45,450
how can you be a board member
while you're on a regulatory

314
00:18:45,450 --> 00:18:50,400
authority? Isn't that the
definition of a conflict of

315
00:18:50,400 --> 00:18:51,390
interest? Yeah, but

316
00:18:51,390 --> 00:18:55,080
the Shall we there? She gets a
waiver for that. Oh, yeah. Okay,

317
00:18:55,080 --> 00:18:55,230
now

318
00:18:55,860 --> 00:18:58,740
she will recuse yourself I find
this poor maybe She's the nicest

319
00:18:58,740 --> 00:19:01,140
person in the world I don't
know. Anyway go

320
00:19:01,140 --> 00:19:03,810
she's just she's just another
tool. That's all just another

321
00:19:03,810 --> 00:19:06,810
little tool. And by the way for
all the people who are emailing

322
00:19:06,810 --> 00:19:09,240
me let's just get one thing
straight I did not vote for John

323
00:19:09,240 --> 00:19:12,450
McCain. I thought he was just as
bad as Obama the Republicans and

324
00:19:12,450 --> 00:19:16,500
Democrats are the same thing
they work for the same people so

325
00:19:16,500 --> 00:19:20,160
stop emailing me about that like
you know will would have been

326
00:19:20,160 --> 00:19:23,910
worse with McCain who would be
the worst Jesus you don't you

327
00:19:23,910 --> 00:19:27,990
don't get with the program. So
if you look at the chart of the

328
00:19:27,990 --> 00:19:32,250
Dow Industrial Average John then
I will I would like you to pull

329
00:19:32,250 --> 00:19:36,840
it up. finance.yahoo.com I guess
is the easiest. You can just

330
00:19:36,840 --> 00:19:41,490
click on that chart. So give me
the date when the huge when

331
00:19:41,490 --> 00:19:43,320
really the crash took place.

332
00:19:43,620 --> 00:19:46,470
Oh, I can tell you right now.
It's November 20. No, no, no,

333
00:19:46,470 --> 00:19:49,050
no, it's before that. When did
the slide shy? That's the

334
00:19:49,050 --> 00:19:51,900
bottom. The bottom was November
20. By the way, people are all

335
00:19:51,900 --> 00:19:55,320
upset about calling the bottom.
I have to I've made I've made

336
00:19:55,320 --> 00:19:59,970
about three bets. Yeah, I seem
to have maybe I'm gonna have a

337
00:20:00,000 --> 00:20:04,500
I'm a gambling. But I made about
three bids because one guy

338
00:20:04,500 --> 00:20:04,770
writes,

339
00:20:04,800 --> 00:20:08,190
right? I told you what it's
going to be. And and I will be

340
00:20:08,190 --> 00:20:11,550
right. But we'll get to that
later. 7286 by February 14, as I

341
00:20:11,550 --> 00:20:16,530
was my long number, I called it
in October. So yeah, so when did

342
00:20:16,530 --> 00:20:17,490
the slide start?

343
00:20:18,059 --> 00:20:20,069
Oh, okay, let me get bring up
the chart, hang on

344
00:20:24,390 --> 00:20:27,240
you really have to do a full
year chart to see it. But then

345
00:20:27,240 --> 00:20:27,720
yeah.

346
00:20:29,640 --> 00:20:32,940
I have to sign in to get the one
I'm looking for here. Jesus just

347
00:20:33,510 --> 00:20:36,210
well, you should give me a
warning or a heads up on some of

348
00:20:36,210 --> 00:20:39,810
the stuff you like, send me a
little list of him do this and

349
00:20:39,810 --> 00:20:40,380
do that.

350
00:20:40,410 --> 00:20:46,020
No, I want you to I want to
command you on at my will. My

351
00:20:46,020 --> 00:20:47,700
back work for me remember,

352
00:20:47,820 --> 00:20:52,080
you're boring to public with
this bullshit. Dow Jones

353
00:20:52,080 --> 00:20:55,290
Industrial Average. Let's go get
the basic tech analysis. And

354
00:20:55,290 --> 00:20:59,580
let's look at the two year
chart. All right, so we had a

355
00:20:59,580 --> 00:21:02,280
couple of interesting this is
very funny chart because it was

356
00:21:02,280 --> 00:21:07,500
at 14,000. Back in September of
oh seven September, October,

357
00:21:07,500 --> 00:21:11,640
November, maybe then it took a
dive dive as would do. And then

358
00:21:11,640 --> 00:21:16,350
in January of oh eight It dived
and bounced off at 12,000 a

359
00:21:16,350 --> 00:21:19,290
couple of times made a little a
little what they'd like to call

360
00:21:19,290 --> 00:21:21,690
a bull trap. Which just means
the market looks like it was

361
00:21:21,690 --> 00:21:25,800
going up and decided to go just
the other way. And then it came

362
00:21:25,800 --> 00:21:31,230
down I think I guess it started
in May June, I would say from

363
00:21:31,230 --> 00:21:35,730
this June maybe June oh eight it
took its first its first dive

364
00:21:35,730 --> 00:21:38,970
and then it took a huge dive.
The big one was in October,

365
00:21:38,970 --> 00:21:39,390
right

366
00:21:39,390 --> 00:21:42,090
thank you took you long enough
to get there. Press Release.

367
00:21:42,360 --> 00:21:44,940
Tober is always the traditional
month for this kind of thing.

368
00:21:45,210 --> 00:21:45,600
From the

369
00:21:45,600 --> 00:21:50,430
federal reserve.gov website,
October 6 2008, the Federal

370
00:21:50,430 --> 00:21:53,700
Reserve Reserve board on Monday
announced it will begin to pay

371
00:21:53,730 --> 00:21:58,170
interest on depository
institutions required and excess

372
00:21:58,170 --> 00:22:03,660
reserve balances. This is what
happened, John, this is where

373
00:22:03,660 --> 00:22:06,150
the this is where the credit
crunch came from the Fed for the

374
00:22:06,150 --> 00:22:11,460
first time and as far as I know
ever started to pay interest on

375
00:22:11,460 --> 00:22:15,030
deposits, which is the in the
Federal Reserve banking system.

376
00:22:15,360 --> 00:22:19,320
Banks can lend out a factor what
used to be 10, but it's probably

377
00:22:19,320 --> 00:22:22,680
30 or 40. By now, amount of
money they had in reserve and

378
00:22:22,680 --> 00:22:25,050
they put that money in the
Reserve Bank, but they didn't

379
00:22:25,050 --> 00:22:29,790
get interest on it. So as of
October 6, the Fed started

380
00:22:30,000 --> 00:22:35,970
paying things 75 basis points
interest on not only the

381
00:22:36,180 --> 00:22:40,200
required reserve, but any excess
reserve balances. Now I haven't

382
00:22:40,200 --> 00:22:42,720
done all the research yet, but
I'm pretty sure the Fed's

383
00:22:42,720 --> 00:22:47,310
balance sheet has ballooned
access to an extraordinary

384
00:22:47,340 --> 00:22:50,940
amount. Because all these banks,
they took that money, they took

385
00:22:50,940 --> 00:22:53,520
the TARP money, and they just
deposited with the Federal

386
00:22:53,520 --> 00:22:57,720
Reserve to get more interest and
with more security than anywhere

387
00:22:57,720 --> 00:23:00,540
else. This is I call this a
smoking gun.

388
00:23:00,990 --> 00:23:03,570
Wow. That's I'll give you 10
points on that one. That's a

389
00:23:03,570 --> 00:23:04,380
pretty good theory.

390
00:23:05,820 --> 00:23:09,450
And I like it, it scares me.
This scares the bejesus out of

391
00:23:09,450 --> 00:23:10,770
me. So all they have

392
00:23:10,770 --> 00:23:12,870
to do to fix the economy is
saying we're not going to give

393
00:23:12,870 --> 00:23:13,440
interest.

394
00:23:13,560 --> 00:23:15,840
That's all they have to do just
to get the credit flowing.

395
00:23:15,870 --> 00:23:20,490
Absolutely. Yeah. And I think
about I mean, I don't know what

396
00:23:20,490 --> 00:23:24,180
it is now, but 75 basis points.
I know it's not very high. But

397
00:23:24,180 --> 00:23:27,090
if it's from the Fed, you know,
shit, yeah, I'm gonna put my

398
00:23:27,090 --> 00:23:30,750
money. Look, I wish I could put
my money in there. It's free

399
00:23:30,750 --> 00:23:34,740
money. Totally free money, but
not just for the required

400
00:23:34,740 --> 00:23:40,560
amount, but for any excess. Oh
my god. So this is this, you

401
00:23:40,560 --> 00:23:43,350
know, all these things make me
think more and more this is

402
00:23:43,380 --> 00:23:44,310
architected?

403
00:23:44,969 --> 00:23:48,149
Yeah, well, that would make some
sense, architected as you know,

404
00:23:48,149 --> 00:23:51,269
now we're going to have that's
why by the way, if that's true,

405
00:23:52,139 --> 00:23:55,289
which is a really interesting
concept. Although of course, we

406
00:23:55,289 --> 00:23:57,869
had all these other witnesses
where we had like cheap oil now,

407
00:23:57,869 --> 00:24:01,739
I mean, things should be
booming, if that's true. And it

408
00:24:01,739 --> 00:24:04,199
can be reversed so quickly,
because if you look at that

409
00:24:04,199 --> 00:24:08,129
chart and October that sucker
took a die like it went

410
00:24:08,130 --> 00:24:12,780
in a week, it looked like a real
crash I mean, we had 700 points

411
00:24:12,810 --> 00:24:15,840
then 600 points 300 Boom, boom,
boom.

412
00:24:16,350 --> 00:24:21,060
And so if that's true then the
theory that a number of us have

413
00:24:21,060 --> 00:24:26,910
that that we could have a rally
this year or a boot bull market

414
00:24:26,910 --> 00:24:35,550
even this year holds up because
if they put the you know this

415
00:24:35,580 --> 00:24:38,430
they just pulled the trigger on
that no, we're not gonna give

416
00:24:38,430 --> 00:24:40,380
you interest anymore. We never
did that before we're not gonna

417
00:24:40,380 --> 00:24:43,080
do it again. Doesn't seem that
they could point back maybe and

418
00:24:43,080 --> 00:24:45,660
say, Well, look what it did. It
wasn't a good idea. And they

419
00:24:45,660 --> 00:24:46,560
stopped doing it.

420
00:24:47,610 --> 00:24:50,700
I don't think people know about
it. No one talks about you now.

421
00:24:51,870 --> 00:24:52,380
Well, yeah, I'm

422
00:24:52,380 --> 00:24:54,750
gonna harp on it. I will bring
it up with Horowitz the next

423
00:24:54,750 --> 00:24:57,210
time with him. Thank you Please
do thing and we'll see what he

424
00:24:57,210 --> 00:25:01,770
says please do. But that was a
good find. Well, you know, you

425
00:25:01,770 --> 00:25:03,930
got to listen to sometimes you
know, you sometimes you can do

426
00:25:03,930 --> 00:25:06,090
that you can go and look at that
you can look at the

427
00:25:06,120 --> 00:25:11,100
circumstances of a of an
anomalous crash. I mean, the

428
00:25:11,100 --> 00:25:15,480
situation we're in is very
unusual. And you can just go

429
00:25:15,480 --> 00:25:18,270
look at what what news of the
day took place. Was there

430
00:25:18,270 --> 00:25:21,480
anything, you know, when they
had that, that debt crash back

431
00:25:21,480 --> 00:25:25,590
in 2000? You know, there was
there may have been a connection

432
00:25:25,590 --> 00:25:28,170
between that and the Justice
Department going after

433
00:25:28,170 --> 00:25:31,680
Microsoft. That Bill Gates is
that so what was going to

434
00:25:31,680 --> 00:25:36,510
happen? And so if you find that
the news or that you might find

435
00:25:36,510 --> 00:25:39,150
that there's some just little
thing Oh, even though this is

436
00:25:39,150 --> 00:25:42,330
not littles major, that
triggered the whole thing, and

437
00:25:42,330 --> 00:25:45,750
people are blaming it on
everything else. And again, this

438
00:25:45,750 --> 00:25:49,890
brings us back to the situation
with the oil run up. People were

439
00:25:49,890 --> 00:25:54,660
dreaming up all this malarkey.
This baloney about oh shortage,

440
00:25:54,660 --> 00:25:57,960
there's not enough oil in the
world Peak Oil, peak oil, we're

441
00:25:57,960 --> 00:26:01,470
all gonna die when the whole
thing was rigged. And there's a

442
00:26:01,470 --> 00:26:04,080
number of people who knew it was
rigged. And they've said it was

443
00:26:04,080 --> 00:26:04,470
rigging,

444
00:26:04,590 --> 00:26:07,500
the biggest oil company is, you
know, what would truly the

445
00:26:07,500 --> 00:26:09,300
biggest American Oil Company is?

446
00:26:10,950 --> 00:26:13,320
Was the Lehman Brothers are so
Morgan Stanley.

447
00:26:13,350 --> 00:26:14,820
Exactly. Yeah. Morgan Stanley.

448
00:26:15,120 --> 00:26:18,960
It's a trick question. Anyway.
Yes. So that didn't get to this

449
00:26:18,960 --> 00:26:23,250
time, I will curses. Anyways, so
they had, you know, so you get

450
00:26:23,250 --> 00:26:26,400
to just baloney that's fed to
the public, and they all eat it

451
00:26:26,400 --> 00:26:29,580
up and buy Priuses and, you
know, turn off their lights,

452
00:26:29,580 --> 00:26:34,140
which they should do anyway.
And, and then, of course, the

453
00:26:34,140 --> 00:26:38,250
scam is unveiled, and they do a
little regulatory change. Of

454
00:26:38,250 --> 00:26:38,550
course,

455
00:26:38,580 --> 00:26:40,950
well, no, then it's oh, there
was this one company who was

456
00:26:40,950 --> 00:26:43,980
doing all this hedging and short
selling and blah, blah, blah,

457
00:26:43,980 --> 00:26:45,180
they make up some bullshit.

458
00:26:45,990 --> 00:26:52,260
And then nothing goes drops like
a rock. Exactly. Yeah, we're

459
00:26:52,260 --> 00:26:53,850
being scammed with unbelief.

460
00:26:53,880 --> 00:26:57,630
Well, let me I just want to.
Yes, I've been

461
00:26:57,630 --> 00:27:00,360
in the market forever, because I
kind of put myself through

462
00:27:00,360 --> 00:27:01,200
college with because

463
00:27:01,200 --> 00:27:05,700
you've been around forever.
That's right, Sonny white folks.

464
00:27:05,760 --> 00:27:07,560
And so because like you.

465
00:27:10,650 --> 00:27:13,650
I stepped on that do it again,
white folks, and then they're

466
00:27:13,680 --> 00:27:18,030
ignorant motherfuckers like you.
So we'll get to that clip later.

467
00:27:18,030 --> 00:27:21,360
And that came from couldn't
resist. Isn't that beautiful?

468
00:27:21,390 --> 00:27:21,690
Yeah.

469
00:27:22,680 --> 00:27:24,240
It's almost as good as.

470
00:27:33,570 --> 00:27:36,900
Morning, the thing is, you know,
that I was always told from the

471
00:27:36,900 --> 00:27:41,160
get go as it's rigged. really
got to be on the right side of

472
00:27:41,160 --> 00:27:44,430
the horse, you got to be on the
right side of the game. And that

473
00:27:44,430 --> 00:27:47,100
was his time, where he's just
trying to outguess how it's

474
00:27:47,100 --> 00:27:49,710
being manipulated. I mean, there
are legitimate things that do

475
00:27:49,710 --> 00:27:52,860
take place once in a while for
the generally speaking, what

476
00:27:52,860 --> 00:27:55,830
we're watching here is just a
scam. And then, you know, then

477
00:27:55,860 --> 00:27:59,280
they get, of course, I don't
know, like you said, is huge

478
00:27:59,280 --> 00:28:01,200
yachts and they don't give a
shit about some nine year old

479
00:28:01,200 --> 00:28:02,460
man having to work at
McDonald's. And

480
00:28:02,489 --> 00:28:07,679
if all the banks went went bust,
right. Completely gone, it would

481
00:28:07,679 --> 00:28:13,619
only take 400 Points off the
Dow. Right. It's not it. Yeah,

482
00:28:13,649 --> 00:28:18,209
it's a big industry. But it
wouldn't impact everything that

483
00:28:18,209 --> 00:28:23,189
much, however, to then see that
this industry piling on we

484
00:28:23,189 --> 00:28:26,639
talked about last week, they
have pumped $147 billion in

485
00:28:26,639 --> 00:28:33,449
bonuses in 2007. A Come on? Just
look, I you know, I'm no college

486
00:28:33,449 --> 00:28:36,329
graduate. But even I can see
that doesn't add up.

487
00:28:38,310 --> 00:28:41,250
So anyway, all right, enough of
this. Right. So

488
00:28:41,280 --> 00:28:48,570
let me let me get to something.
Already. politifact.com has

489
00:28:48,570 --> 00:28:50,190
something they call the Obama
letter,

490
00:28:50,880 --> 00:28:53,610
which you really should take a
look at. I liked the Obama the

491
00:28:53,610 --> 00:28:55,380
Obama era. Yeah. And what
they're doing is they're

492
00:28:55,380 --> 00:29:00,210
tracking his campaign promises.
Oh, yeah, I've seen this. Right.

493
00:29:00,330 --> 00:29:04,200
So I pulled it up this morning
to take a look at see how he was

494
00:29:04,200 --> 00:29:09,960
doing our president and the, you
know, on this, he has held on to

495
00:29:09,960 --> 00:29:14,670
a lot of things kind of but a
really important one was the

496
00:29:14,730 --> 00:29:19,530
sunlight before signing promise
to reduce bills rushed through

497
00:29:19,530 --> 00:29:22,080
Congress and to the president
before the public has the

498
00:29:22,080 --> 00:29:25,410
opportunity to review them
Obama, quote, will not sign any

499
00:29:25,410 --> 00:29:29,340
non emergency bill. That of
course is the key without giving

500
00:29:29,340 --> 00:29:31,500
the American public an
opportunity to review and

501
00:29:31,500 --> 00:29:35,280
comment on the White House
website for five days. Well,

502
00:29:35,490 --> 00:29:40,770
that is exactly the opposite of
what's happened. The s chips as

503
00:29:40,770 --> 00:29:43,980
an example, of course the lead
better bill not that anyone you

504
00:29:43,980 --> 00:29:46,260
know, but I still I would have
liked to have seen it. You know,

505
00:29:46,290 --> 00:29:48,690
the promise was five days and
you get the comment on the

506
00:29:48,690 --> 00:29:52,470
website. It that's just not
there. And now of course, he's

507
00:29:52,530 --> 00:29:55,920
literally, you know, did his
Friday thing which the markets,

508
00:29:56,130 --> 00:30:00,000
I guess have now baked into
their numbers by pumping the day

509
00:30:00,000 --> 00:30:04,440
Our 200 points. And I said, you
know, he said in no uncertain

510
00:30:04,440 --> 00:30:08,910
terms catastrophe if we don't
sign a bill catastrophe

511
00:30:08,940 --> 00:30:15,540
disasterous and I think that
kind of goes against the

512
00:30:15,540 --> 00:30:17,730
sunlight before signing thing,
doesn't it?

513
00:30:18,869 --> 00:30:21,749
Yeah, I didn't remember that
sunlight before signing, but I

514
00:30:21,749 --> 00:30:26,879
can. You can take those prompts
that promises list and just

515
00:30:26,879 --> 00:30:30,179
throw it out the window. There's
gonna be a few no brainers that

516
00:30:30,179 --> 00:30:32,579
he's going to obviously get off
the checklist. I've seen this

517
00:30:32,579 --> 00:30:36,029
list. It's huge. Yeah. Promise
It was unbelievable. It's like

518
00:30:36,029 --> 00:30:38,939
whatever audience he went to. He
made some promise, you know,

519
00:30:38,939 --> 00:30:42,719
aimed at getting their vote.
can't keep up with this. I mean,

520
00:30:42,719 --> 00:30:44,609
there's no way there's things
that are just There's way too

521
00:30:44,609 --> 00:30:47,429
many of them and it's like he
couldn't do it in in two terms.

522
00:30:47,429 --> 00:30:47,519
So

523
00:30:47,520 --> 00:30:51,420
here's what I've been waiting
for. $3,000 tax credit for

524
00:30:51,420 --> 00:30:56,910
companies that add jobs. That
was a that was a big one. That

525
00:30:56,910 --> 00:31:02,880
was the that was part of his
middle class. Saving thing.

526
00:31:03,300 --> 00:31:05,730
Well, that must be in the in the
plan that they're trying to

527
00:31:05,730 --> 00:31:10,110
patch right? No, it's not in the
plan. But that doesn't make any

528
00:31:10,110 --> 00:31:11,280
sense. He promised it

529
00:31:20,130 --> 00:31:27,150
Ron country when my bitch nigga
by own damn fries, you better

530
00:31:27,150 --> 00:31:29,640
explain where that's coming
from. Otherwise, we'll be deemed

531
00:31:29,640 --> 00:31:30,390
racist.

532
00:31:31,140 --> 00:31:36,030
Okay, here's the deal. There's a
website and I've linked I guess

533
00:31:36,030 --> 00:31:37,080
I haven't blogged it yet.

534
00:31:37,320 --> 00:31:39,780
No, thank you. I appreciate it.
That was I was watching like,

535
00:31:39,780 --> 00:31:42,210
I'm not gonna do this on no
agenda. If you blog it before

536
00:31:42,210 --> 00:31:42,720
the show.

537
00:31:43,110 --> 00:31:45,630
Okay, well, I'm blogging it
today I go anyway. So it turns

538
00:31:45,630 --> 00:31:48,240
out and there's this website,
this woman's websites pretty

539
00:31:48,240 --> 00:31:50,490
good site is kind of political,
and she doesn't seem to like

540
00:31:50,490 --> 00:31:55,200
Obama, which makes sense.
Apparently, Obama did the read

541
00:31:55,230 --> 00:32:00,630
of his own books for audiobooks.
Yep. And this these, this is

542
00:32:00,630 --> 00:32:04,440
Obama's voice, but he's not, you
know, it's not him. He's quoting

543
00:32:04,440 --> 00:32:07,800
people that were that he was
raised with, and, you know,

544
00:32:07,980 --> 00:32:10,500
especially this one colorful
character who like the cuss a

545
00:32:10,500 --> 00:32:13,680
lot. Well, if somebody asked to
go ahead, he has to buy he has

546
00:32:13,680 --> 00:32:17,250
to read by the way, I played
these these clips to Andrew

547
00:32:17,250 --> 00:32:20,880
Gromit, who says that, who read
the book, and he says always and

548
00:32:20,880 --> 00:32:25,260
he apparently, he says there's
choice or material in there, we

549
00:32:25,260 --> 00:32:29,580
get a whole really got the audio
beacon pulled out these clips,

550
00:32:29,580 --> 00:32:32,700
and we and they're all quite
funny. And because but it's

551
00:32:32,700 --> 00:32:36,270
Obama, you know, in this in the
case of these profanities, he's

552
00:32:36,330 --> 00:32:41,400
there was one character that he
keeps quoting. And of course,

553
00:32:41,430 --> 00:32:45,150
taken out of context, which
we're doing. Yes, there are

554
00:32:45,150 --> 00:32:49,920
white, humorous, ignorant
motherfuckers like you. That's

555
00:32:49,920 --> 00:32:51,840
one of the better ones, I think.
But

556
00:32:52,530 --> 00:32:56,280
but it ties right into my Tom
Swift audiobooks, because now I

557
00:32:56,280 --> 00:33:00,810
don't feel bad about about doing
the the accent as intended in

558
00:33:00,810 --> 00:33:01,350
the book.

559
00:33:02,520 --> 00:33:03,720
I think you should. Yeah.

560
00:33:06,510 --> 00:33:09,330
Wouldn't be cool if he just
stood up. Now this would this

561
00:33:09,330 --> 00:33:13,800
would really make my head twist
and turn and flip around. If he

562
00:33:13,830 --> 00:33:16,740
or one of his CSPAN morning
shows. The President got up

563
00:33:16,740 --> 00:33:21,600
there and said, Listen, this
bitch has got a past. Come on.

564
00:33:21,600 --> 00:33:26,070
Motherfuckers get some get some
going. Now then I would be like,

565
00:33:26,100 --> 00:33:29,820
okay, there is well, I would
have hope

566
00:33:30,150 --> 00:33:33,390
you would, but that's not going
to happen. I don't think Obama

567
00:33:33,390 --> 00:33:38,070
even in his own circles. Speaks
speaks like that. I think I

568
00:33:38,070 --> 00:33:40,350
think both though, but I then
everybody kind of says this.

569
00:33:40,350 --> 00:33:42,720
What would you see with this guy
the way he's, you know, he's

570
00:33:42,720 --> 00:33:46,440
very, he pauses a lot. And he's
says,

571
00:33:47,190 --> 00:33:48,660
because he has to read the next
line

572
00:33:48,690 --> 00:33:57,270
look at and he's thought this
appears thoughtful. He's not a

573
00:33:57,270 --> 00:34:00,240
guy who you know, I know a lot
of black people who you know,

574
00:34:00,240 --> 00:34:03,060
can they kind of drop into when
they're around their their

575
00:34:03,090 --> 00:34:07,050
buddies, or their fishing
buddies, they kind of drop into

576
00:34:07,050 --> 00:34:08,190
a slang style.

577
00:34:08,220 --> 00:34:11,070
Of course it does. And when I'm
hanging out with black people

578
00:34:11,070 --> 00:34:13,380
that I also get when I was
hanging out with Kevin Epstein

579
00:34:13,380 --> 00:34:16,110
and his whole crew, it's
automatic. It's normal. And you

580
00:34:16,110 --> 00:34:19,680
know, then you just start you
even can use the N word in that

581
00:34:19,680 --> 00:34:20,490
situation.

582
00:34:20,820 --> 00:34:25,050
Yeah, I wouldn't do it. So
anyway, that's the Kevin Epstein

583
00:34:25,050 --> 00:34:30,060
It was pretty funny. Of course,
we were if you did it, right. I

584
00:34:30,060 --> 00:34:33,210
suppose we were also all pretty
hammered. So kind of word of

585
00:34:33,210 --> 00:34:33,390
that

586
00:34:33,540 --> 00:34:40,320
probably helps you. Anyway, the
so those clips are probably

587
00:34:40,320 --> 00:34:42,570
going to go around. I think
they've already been turned into

588
00:34:42,570 --> 00:34:43,860
a couple of rap songs.

589
00:34:43,890 --> 00:34:47,790
Oh, perfect. Yeah, that's got to
be sampled and Oh, yes. Yeah.

590
00:34:48,000 --> 00:34:50,100
That was sample the fact that
the other sky thing which we

591
00:34:50,100 --> 00:34:52,890
don't have a clip of here, but
we you know, I hate to even play

592
00:34:52,890 --> 00:34:55,350
it because it's so profane is
the Christian Bale.

593
00:34:56,640 --> 00:34:59,280
Oh, that's fantastic. I love
that. What a dick.

594
00:34:59,790 --> 00:35:03,360
Well, He posted that on cage
match, which you can go to a

595
00:35:03,360 --> 00:35:08,970
cage match.dvorak.org. And we
posted it there. I didn't want

596
00:35:08,970 --> 00:35:12,540
to post on the blog because I
just think it's so completely

597
00:35:12,540 --> 00:35:16,530
out of line that, you know, I
just didn't want to. I don't

598
00:35:16,530 --> 00:35:19,380
want to hear it again. I mean,
it was this guy had sounded like

599
00:35:19,380 --> 00:35:23,520
a psycho. going ballistic. Yeah,
it was just interesting

600
00:35:23,520 --> 00:35:27,510
properties. But the amount of
vitriol I mean, this guy's got

601
00:35:27,510 --> 00:35:28,890
some issues that people don't

602
00:35:28,890 --> 00:35:31,200
know we're talking about if you
haven't heard about it by now,

603
00:35:31,200 --> 00:35:33,630
because of course, this is the
news that everyone talks about.

604
00:35:33,630 --> 00:35:38,190
Even my compatriots John C.
Dvorak seems to be consumed by

605
00:35:38,190 --> 00:35:42,390
it. Christian Bale was on the
set of Terminator, the new

606
00:35:42,390 --> 00:35:48,780
Terminator movie. Yeah. And
someone walks into the shot or

607
00:35:48,870 --> 00:35:51,750
there was behind the scenes, it
was in his it was in his

608
00:35:51,750 --> 00:35:53,220
eyeline. Right, right. Yeah,

609
00:35:53,220 --> 00:35:57,360
he's just walking around. And
the guy just goes

610
00:35:57,390 --> 00:36:01,860
off, goes off. And the joke of
it is I love reading the

611
00:36:01,860 --> 00:36:04,740
comments on some of these
websites, because people defend

612
00:36:04,740 --> 00:36:07,200
them all. You know, he's a
serious actor, and he was in the

613
00:36:07,200 --> 00:36:11,220
mood and he lost it. He lost his
sense of self and somebody else

614
00:36:11,220 --> 00:36:14,610
says, Hey, dude, this is
Terminator. What kind of what

615
00:36:14,610 --> 00:36:15,690
is? This is nice.

616
00:36:16,860 --> 00:36:21,360
Not Shakespeare. God. All you
have to say is I'll be back.

617
00:36:21,510 --> 00:36:23,820
Eight people in the chat room
are even saying the same thing.

618
00:36:23,820 --> 00:36:26,910
John, will maybe he was in
character. Oh, please. He's just

619
00:36:26,910 --> 00:36:30,270
an asshole. There are assholes
in the world. face reality.

620
00:36:30,270 --> 00:36:32,370
Yeah, there are acelin This guy
sounds

621
00:36:32,370 --> 00:36:35,130
like actually the Go ahead. That
guy's not that great of an

622
00:36:35,130 --> 00:36:35,760
actor.

623
00:36:36,900 --> 00:36:39,480
I haven't seen him enough for
his work. But if you think

624
00:36:39,510 --> 00:36:42,270
Entourage is just a joke. No,
it's that's the way it is.

625
00:36:42,270 --> 00:36:48,300
Hollywood is just one big
asshole community. Yeah. And

626
00:36:48,300 --> 00:36:50,880
people on top kick the people.
That's just the way it works.

627
00:36:50,880 --> 00:36:53,040
You know, that's why they get
along so well with the

628
00:36:53,070 --> 00:36:57,300
Washington. You just have show
business for pretty people in

629
00:36:57,300 --> 00:36:59,940
show business for Ugly people.
And they're all assholes.

630
00:37:00,480 --> 00:37:03,570
Firstly, individually, they're
not always but you know

631
00:37:03,570 --> 00:37:07,320
what? A lot of them are still.
Yeah. I mean, you can get along

632
00:37:07,320 --> 00:37:08,160
with a few of them.

633
00:37:10,710 --> 00:37:12,060
limited quantities.

634
00:37:12,390 --> 00:37:16,320
Yeah, unlimited quantities size
you have, you know, some more

635
00:37:16,320 --> 00:37:17,130
sensible?

636
00:37:17,340 --> 00:37:20,100
So I've been thinking about this
smart grid that we're going to

637
00:37:20,100 --> 00:37:24,540
spend all this money on. And you
and I actually wouldn't when we

638
00:37:24,540 --> 00:37:28,830
first looked at the at the
President's Economic Recovery,

639
00:37:29,850 --> 00:37:35,580
what was it kind of blueprint
before it became whatever the

640
00:37:35,580 --> 00:37:37,410
whatever it is, at this moment,
because I'm sure it's still

641
00:37:37,410 --> 00:37:41,520
being worked on. There was all
this talk about a smart grid.

642
00:37:42,570 --> 00:37:46,320
And, you know, and I think you
and I both agreed, yeah, that's

643
00:37:46,500 --> 00:37:49,710
what do we need to spend all
this billions, like, like 90

644
00:37:49,710 --> 00:37:54,570
billion or $100 billion on the
smart grid? And I got, I got

645
00:37:54,570 --> 00:37:57,210
some feedback from engineers,
mainly, who say, Well, you know,

646
00:37:57,210 --> 00:37:59,520
our grid really sucks. And you
know, there's much more

647
00:37:59,520 --> 00:38:03,750
efficient ways of transporting
blah, blah, blah. And then all

648
00:38:03,750 --> 00:38:06,390
of a sudden, I'm thinking, no,
no, no, no, no, no, no. Now I

649
00:38:06,390 --> 00:38:10,740
know what the smart grid is the
smart grid. And I believe MIT

650
00:38:10,770 --> 00:38:14,370
has a part in this. If you look
at and this is coming from the

651
00:38:14,370 --> 00:38:16,710
conspiracy circles, but it
sounds I haven't done all the

652
00:38:16,710 --> 00:38:20,340
research yet, but it sounds
right on the Smart Grid means

653
00:38:20,340 --> 00:38:23,910
that they will actually be able
to tell you or perhaps even

654
00:38:23,910 --> 00:38:27,930
control your heating and your
lights and know exactly how much

655
00:38:27,930 --> 00:38:33,240
you're using per device. And I
believe will be used against us

656
00:38:33,510 --> 00:38:36,900
to say, you know, hey, no heat
for you divorce. And it could

657
00:38:36,900 --> 00:38:38,970
get shut down. That says
something

658
00:38:38,970 --> 00:38:44,400
bad about Mary Shapiro. Think
about 40 degrees in your house

659
00:38:44,400 --> 00:38:46,560
punk. And oops, there goes your
router.

660
00:38:50,070 --> 00:38:52,830
I mean, what else could a smart
grid mean? Doesn't that just

661
00:38:52,830 --> 00:38:56,670
sound Deathstar to you man Smart
Grid I don't like it. I don't

662
00:38:56,670 --> 00:39:02,580
like it one bit. crackpot and
the Buzzkill?

663
00:39:02,970 --> 00:39:05,190
You know, we got to get those
jingles going. I have to but I'm

664
00:39:05,280 --> 00:39:07,530
writing in my writing this
weekend. I told you if you'd

665
00:39:07,530 --> 00:39:09,900
write him again and produce
Yeah, we'll get him produced.

666
00:39:09,930 --> 00:39:11,610
I'll do it. I got a couple
ideas.

667
00:39:11,700 --> 00:39:14,970
Hey, big shout out to our
listeners down under some of

668
00:39:15,000 --> 00:39:20,340
whom are burning literally.
Australia is just a mess. Or at

669
00:39:20,340 --> 00:39:25,140
least I believe Victoria. Really
what's going on? Come in. It's

670
00:39:25,140 --> 00:39:29,400
like 46 degrees. The shits on
fire. The towns are literally

671
00:39:29,400 --> 00:39:32,250
just burning up because of the
heat. I'm like, We're not

672
00:39:32,250 --> 00:39:33,000
kidding, man. You haven't.

673
00:39:33,419 --> 00:39:39,269
Santa grade is what Fahrenheit
was as Google. Now. I guess you

674
00:39:39,269 --> 00:39:41,339
could ask guys this amazing.
Google does

675
00:39:41,939 --> 00:39:54,959
how much is 46 degrees Celsius
and I get to conversion out let

676
00:39:54,959 --> 00:39:56,399
me just say in Fahrenheit.

677
00:39:58,110 --> 00:40:00,600
305 is four 41

678
00:40:01,680 --> 00:40:09,930
That's 114.8 degrees Fahrenheit
114 115 degrees. Shit is is

679
00:40:09,990 --> 00:40:12,090
igniting spontaneously.

680
00:40:12,480 --> 00:40:16,440
You know, it's 115 and Phoenix
all the time these people are

681
00:40:16,440 --> 00:40:18,900
just not used to it, right? No,
of

682
00:40:18,900 --> 00:40:19,950
course No, not right away. Have

683
00:40:19,950 --> 00:40:22,350
you ever been in Phoenix when
it's 115? Yeah, you

684
00:40:22,350 --> 00:40:25,440
want to kill yourself, you want
to put on a Leonard Cohen record

685
00:40:25,440 --> 00:40:27,180
and drag the toaster into the
bathtub.

686
00:40:28,440 --> 00:40:32,730
It's not that bad. It's a dry
heat. But anyway, but what's

687
00:40:32,730 --> 00:40:36,480
weird about and people who is
like the worst experience

688
00:40:36,510 --> 00:40:41,370
getting in and out of your car.
Because yeah, the car steering

689
00:40:41,370 --> 00:40:46,170
wheel becomes red hot, and the
seats become red hot. If you

690
00:40:46,170 --> 00:40:49,470
leave the car out, outside in
the open what you have to do,

691
00:40:49,470 --> 00:40:52,380
because there's not a lot of
overhangs anywhere in Phoenix.

692
00:40:52,410 --> 00:40:55,860
It's just a big giant strip
mall. And so you leave your car

693
00:40:55,860 --> 00:40:58,200
out to run inside to do
something, and within five or 10

694
00:40:58,200 --> 00:41:01,920
minutes, the car is so hot
inside, it's unbelievable.

695
00:41:01,920 --> 00:41:06,240
You've left a windows open. And
so you, you have to reach into

696
00:41:06,240 --> 00:41:09,240
the car and turn it on hoping
not to touch especially to the

697
00:41:09,240 --> 00:41:12,450
back the bottom part of your
arm, forearm and touch the

698
00:41:12,450 --> 00:41:15,720
steering wheel to get a burn.
Right on the arm. You gotta

699
00:41:15,720 --> 00:41:18,270
reach in and you got to start
the engine and turn on the air

700
00:41:18,270 --> 00:41:21,780
conditioner and let it run for
about five or 10 minutes before

701
00:41:21,780 --> 00:41:27,000
you get in and it's still hot.
Yep. What a life

702
00:41:27,030 --> 00:41:30,210
and you have to move the dead
carcass of your dog to the side.

703
00:41:32,580 --> 00:41:33,330
Debt Free, sure,

704
00:41:33,390 --> 00:41:38,850
or before you can actually
drive. But I feel bad man

705
00:41:38,850 --> 00:41:40,830
because I've got a lot of
listeners in Australia, because

706
00:41:40,830 --> 00:41:43,890
those those guys are under fire.
Literally.

707
00:41:44,400 --> 00:41:47,430
This is the middle of summer for
them. So I guess this is like

708
00:41:47,430 --> 00:41:48,570
July for us.

709
00:41:48,600 --> 00:41:51,690
Can I just pitch about our
president a little bit more?

710
00:41:53,160 --> 00:41:55,380
Versus we're on the weather. I
was gonna ask you about the snow

711
00:41:55,380 --> 00:41:56,190
over there. But yeah,

712
00:41:57,240 --> 00:41:59,340
let me do the snow. That's a
good one. Because yeah, that is

713
00:41:59,340 --> 00:42:00,000
kind of fun. I

714
00:42:00,030 --> 00:42:02,760
mean, the last time we do the
show on Thursday, Mimi says to

715
00:42:02,760 --> 00:42:05,370
me, did you get the she asked
him about the snow because we

716
00:42:05,370 --> 00:42:05,940
have a friend out.

717
00:42:06,060 --> 00:42:09,750
I told you about the snow cocked
the kids built at night. Now

718
00:42:09,780 --> 00:42:12,360
when I remember that, yeah, they
were out there for four and a

719
00:42:12,360 --> 00:42:15,030
half hours and they said Dad,
dad, dad Well, my daughter and

720
00:42:15,030 --> 00:42:17,850
her boyfriend. And then they
said Come Look we built and they

721
00:42:17,850 --> 00:42:22,560
built like a five foot penis
erect penis out of snow right in

722
00:42:22,560 --> 00:42:26,190
front of I put I showed you a
picture. I didn't get the

723
00:42:26,190 --> 00:42:30,450
picture. It's on my Flickr site.
And it's disgusting. Well, it

724
00:42:30,450 --> 00:42:32,460
was there for three days. But
the second day one of the

725
00:42:32,460 --> 00:42:35,130
neighbors had thrown a plastic
bag over the head which made it

726
00:42:35,130 --> 00:42:37,920
even funnier. Made it even
funnier.

727
00:42:38,010 --> 00:42:41,190
That is funny. And that's funny.
Yeah, I

728
00:42:41,190 --> 00:42:42,390
think I got good neighbors.

729
00:42:42,750 --> 00:42:46,530
I do. Now you'll see there's
breaking a window.

730
00:42:46,560 --> 00:42:51,480
So Zurich is is laughing. I'm
looking at the Financial Times

731
00:42:51,480 --> 00:42:56,370
the weekend edition. Zurich is
laughing because Zurich is also

732
00:42:56,370 --> 00:43:00,930
a financial center and London of
Kenya basically just shut down

733
00:43:00,930 --> 00:43:04,860
for certainly for two full days.
And now the northern part of the

734
00:43:04,860 --> 00:43:08,640
country starting at Wales and
going up north Wales is to the

735
00:43:08,640 --> 00:43:12,240
west of course, but that kind of
that line where Wales starts has

736
00:43:12,240 --> 00:43:17,880
had in some places up to half a
meter of snow and and all these

737
00:43:18,750 --> 00:43:22,350
councils and municipalities have
run out of grit. So there's no

738
00:43:22,830 --> 00:43:26,550
and everything starts to melt
and then it freezes up now right

739
00:43:26,550 --> 00:43:30,570
now it's minus two centigrade
here in London. So it freezes up

740
00:43:30,570 --> 00:43:33,240
and then you can't drive on him
because they have nothing to

741
00:43:33,630 --> 00:43:36,720
write it's a mess now our
friends out in Cornwall now if

742
00:43:36,720 --> 00:43:39,180
you've been out there, but you
know they don't I try to avoid

743
00:43:39,180 --> 00:43:42,720
it. I try to avoid corners not
they have these walled roads.

744
00:43:42,720 --> 00:43:45,240
There's no it's just like a one
lane road with me.

745
00:43:45,240 --> 00:43:49,140
Oh, yeah. That's impossible to
navigate right now. It's

746
00:43:49,140 --> 00:43:49,710
impossible.

747
00:43:49,740 --> 00:43:52,110
No, they had these plows that
came through but they're not the

748
00:43:52,110 --> 00:43:54,450
kind of claws with a V they're
just a push plow. So they push

749
00:43:54,450 --> 00:43:58,950
push, why should they use 10
foot high pile snow at the end

750
00:43:58,950 --> 00:44:03,210
of this, this this narrow, you
know, walled roads, anybody

751
00:44:03,210 --> 00:44:06,990
going out they hit this dead
ends, and then you can't get

752
00:44:06,990 --> 00:44:07,230
out.

753
00:44:07,260 --> 00:44:09,120
You can't get out of you can't
get out of your own driveway.

754
00:44:09,120 --> 00:44:12,870
They've plowed those up. What
drives me nuts, though. You sent

755
00:44:12,870 --> 00:44:15,780
me a blink about this the day
before I left San Francisco. We

756
00:44:15,780 --> 00:44:19,020
knew this for days ahead of time
that this was coming. We knew it

757
00:44:19,020 --> 00:44:23,520
would hit we knew what had
London and these idiots who call

758
00:44:23,520 --> 00:44:27,000
themselves politicians did
absolutely nothing. The first

759
00:44:27,000 --> 00:44:28,710
thing that should have the Prime
Minister should have hit

760
00:44:28,710 --> 00:44:33,750
television on Sunday morning or
Monday morning and said stay

761
00:44:33,780 --> 00:44:37,650
home state of emergency just
stay home. It makes no sense.

762
00:44:37,710 --> 00:44:40,560
Don't try to go there to rescue
hundreds of people from the

763
00:44:40,560 --> 00:44:44,100
motorway who were stuck in their
cars overnight. I mean, it's

764
00:44:44,400 --> 00:44:47,730
complete disregard for the
public because guess what? Your

765
00:44:47,730 --> 00:44:49,890
government doesn't actually love
you.

766
00:44:51,450 --> 00:44:54,090
Well, I don't know about that. I
think it's just incompetence. I

767
00:44:54,090 --> 00:44:57,510
think you're mixing up the two.
You know negligence and

768
00:44:57,510 --> 00:44:59,250
competence are kind of
different.

769
00:45:01,079 --> 00:45:05,699
Jeremy Clarkson is in trouble
our typical English bloke from

770
00:45:05,759 --> 00:45:09,269
Top Gear. He was in Australia,
and this

771
00:45:09,270 --> 00:45:11,610
is what he says ethic is that
the big the big tall guy?

772
00:45:11,610 --> 00:45:14,640
Yeah, the ofii. Guy who will
hard yeah, the blow heart.

773
00:45:14,640 --> 00:45:16,320
Exactly. Yeah, I love him
because he's

774
00:45:16,349 --> 00:45:19,019
not he's the best. He carries
the show. He carries the show.

775
00:45:19,230 --> 00:45:21,660
And he has his column, his
weekly column. And right now

776
00:45:21,660 --> 00:45:24,570
they're on some form of a road
show. And they're down in

777
00:45:24,570 --> 00:45:30,330
Australia and doing a press
conference. And Clarkson gives

778
00:45:30,330 --> 00:45:32,340
someone I think they have
something about the Prime

779
00:45:32,340 --> 00:45:34,560
Minister of Australia and
Clarkson said, Well, we've got

780
00:45:34,560 --> 00:45:40,260
our own one I'd Scottish idiot.
And what I didn't know is that

781
00:45:40,260 --> 00:45:43,980
Gordon Brown apparently is blind
in one eye. Oh, no. So of

782
00:45:43,980 --> 00:45:44,940
course, you know, it's

783
00:45:44,940 --> 00:45:46,080
very one eyed guy. And

784
00:45:46,470 --> 00:45:49,410
they all got fucking pissed off
all the medical people, all the

785
00:45:49,410 --> 00:45:52,410
handicapped people. Everyone's
like, ooh, so I apologize for

786
00:45:52,410 --> 00:45:57,390
it. And, you know, again, the it
goes, Well, should we should he

787
00:45:57,390 --> 00:46:00,600
be let go? And should we be
fired? Because they want total

788
00:46:00,600 --> 00:46:02,700
control of the airwaves?
Because, you know, it's a little

789
00:46:02,700 --> 00:46:07,140
harder to put the BBC and the
government here in more than

790
00:46:07,140 --> 00:46:12,930
they are like GE is in the
government now in the US. They,

791
00:46:12,960 --> 00:46:15,690
you know, they, the they're
trying to get the Freedom of

792
00:46:15,690 --> 00:46:18,420
Information Act of trying to
find out how much the Top radio

793
00:46:18,420 --> 00:46:22,710
presenters are paid. And the BBC
refuses to tell anyone. What the

794
00:46:22,710 --> 00:46:29,280
total budget is annual budget
for BBC Radio? No. 460 million

795
00:46:29,280 --> 00:46:30,060
pounds.

796
00:46:31,650 --> 00:46:34,200
Wow. Well, let's say like $600
million. For what?

797
00:46:34,590 --> 00:46:39,030
For radio for? Yeah, for some
stations? Hmm. Seems a little

798
00:46:39,030 --> 00:46:44,100
high. And 70% of their salaries
goes to the top people to the

799
00:46:44,130 --> 00:46:44,970
presenters.

800
00:46:46,530 --> 00:46:49,080
Hmm, sounds like a good
business. Hell yeah.

801
00:46:51,720 --> 00:46:54,150
So I'm a little pissed off at
the president. Because I did

802
00:46:54,150 --> 00:46:59,190
have hoped for. For Change. Oh,
please, when it came to

803
00:46:59,730 --> 00:47:01,770
medicinal marijuana?

804
00:47:03,000 --> 00:47:05,220
Oh, yeah. Well, you would lose
it. Well, let me stop that. I

805
00:47:05,220 --> 00:47:06,900
don't know anything about what
you're going to talk about. But

806
00:47:06,900 --> 00:47:10,920
let me give you my pre take.
Okay, I'm gonna call the vortex

807
00:47:10,920 --> 00:47:12,000
pre take, we can get a

808
00:47:12,300 --> 00:47:16,860
join. Yeah, we should do that.
It's default racks pre Tae

809
00:47:16,890 --> 00:47:17,730
Pascal

810
00:47:18,180 --> 00:47:22,860
in the morning. So something
like that. So here it is. Obama

811
00:47:22,860 --> 00:47:27,300
is a liberal Democrat by every
stretch of the imagination. You

812
00:47:27,300 --> 00:47:29,880
know, I mean, just by the
numbers. And we all know that.

813
00:47:29,880 --> 00:47:33,480
And he represents the probably
the group of people that would

814
00:47:33,480 --> 00:47:37,050
like to see medical marijuana
more widely used and probably

815
00:47:37,050 --> 00:47:43,170
maybe even want marijuana
legalized in this country?

816
00:47:43,350 --> 00:47:46,920
Because it is, you know,
problematic, I think, thoughts

817
00:47:46,920 --> 00:47:49,830
on this, but again, because of
the Mexican thing and all these

818
00:47:49,830 --> 00:47:53,820
problems. So Obama is probably
moving this this agenda forward.

819
00:47:54,210 --> 00:47:57,930
And I would suspect probably the
next couple of years, marijuana

820
00:47:57,930 --> 00:47:59,370
will be decriminalized?

821
00:48:00,660 --> 00:48:04,440
Well, I think you're entirely
wrong, incorrect, because just

822
00:48:04,440 --> 00:48:07,350
look at what's happening around
you that removing coffee shops

823
00:48:07,350 --> 00:48:11,490
from Amsterdam. Marijuana has
been upgraded from a C class to

824
00:48:11,490 --> 00:48:15,930
a B class drug now on par with
heroin and cocaine in the United

825
00:48:15,930 --> 00:48:18,690
Kingdom. I disagree with you.
And it what's happening in the

826
00:48:18,690 --> 00:48:22,410
United States. You know,
medicinal marijuana is legal in

827
00:48:22,410 --> 00:48:27,810
the state of California.
However, the Bush administration

828
00:48:28,320 --> 00:48:33,180
put into force some kind of
trickery, whereas they could

829
00:48:33,180 --> 00:48:41,130
overrule the state's local laws,
if there was some national

830
00:48:41,130 --> 00:48:45,120
reason. So DEA the Drug
Enforcement Agency has been

831
00:48:45,120 --> 00:48:52,080
raiding medicinal marijuana
shops for Well, for two years

832
00:48:52,080 --> 00:48:55,470
now in California. And the
President Well,

833
00:48:56,640 --> 00:48:59,760
let me guess, let me guess
Obama's put a stop to it.

834
00:48:59,910 --> 00:49:03,030
Well, he would I stopped to the
raids.

835
00:49:03,359 --> 00:49:05,819
Yeah, he would because that's
that's him. That's what he would

836
00:49:05,819 --> 00:49:07,139
do. Right. Well, Drug
Enforcement

837
00:49:07,140 --> 00:49:10,560
Administration agents this week
raided formed medical marijuana

838
00:49:10,560 --> 00:49:13,680
shops in California, contrary to
President Obama's campaign

839
00:49:13,680 --> 00:49:17,580
promises to stop the raids. Now,
this pisses me off.

840
00:49:19,920 --> 00:49:23,220
I mean, you know, because for
him, on that list of promises,

841
00:49:23,220 --> 00:49:24,900
he promised to stop the raids.

842
00:49:24,930 --> 00:49:31,650
Yes. Now he, he, because because
he's, here we go. Here's what I

843
00:49:31,650 --> 00:49:32,280
say. Here's

844
00:49:32,280 --> 00:49:34,740
what he said. I don't believe
this story. He has

845
00:49:34,740 --> 00:49:37,560
shirts in The Washington Times.
The President believes here's

846
00:49:37,560 --> 00:49:39,780
the quote, the President
believes that federal resources

847
00:49:39,780 --> 00:49:43,320
should not be used to circumvent
state laws. And as he continues

848
00:49:43,320 --> 00:49:45,780
to appoint senior leadership to
fill out the ranks of the

849
00:49:45,780 --> 00:49:48,330
federal government, he expects
them to review their policies

850
00:49:48,330 --> 00:49:53,550
with that in mind. medical use
of marijuana is legal under the

851
00:49:53,550 --> 00:49:55,770
law in California and a dozen
other states but the federal

852
00:49:55,770 --> 00:49:59,100
government under President Bush
bolstered by 2005 Supreme Court

853
00:49:59,100 --> 00:50:02,820
ruling argued that Federal
Interests Trumps state law and

854
00:50:02,820 --> 00:50:04,980
it's still happening as of this
week.

855
00:50:07,500 --> 00:50:09,900
It'll end I'm sure it's a
mistake.

856
00:50:11,309 --> 00:50:17,459
Well, let me give you another
piece of data then. Because the

857
00:50:17,459 --> 00:50:20,429
person who's going to be who's
not gonna fulfill your prophecy

858
00:50:20,429 --> 00:50:24,119
is of course holder, the former
lobbyist who is now Attorney

859
00:50:24,119 --> 00:50:27,629
General. Oops, he'll have to
recuse himself. I guess. A

860
00:50:27,629 --> 00:50:30,419
lobbyist, ladies and gentlemen,
a lobbyist is the Attorney

861
00:50:30,419 --> 00:50:33,299
General of the United States of
America. After that whole

862
00:50:33,359 --> 00:50:35,999
happy away, man, I was under the
impression that Obama wasn't

863
00:50:35,999 --> 00:50:37,169
going to put lobbyists.

864
00:50:37,590 --> 00:50:39,420
Are you just playing this game?
Because you think it sounds

865
00:50:39,420 --> 00:50:41,760
better? Or is that the way
should we should do it that way?

866
00:50:41,760 --> 00:50:49,350
Like, you're dumb because you're
not. I'm just stunned. A

867
00:50:49,350 --> 00:50:52,530
bipartisan group of 16 members
of Congress sent a letter

868
00:50:52,560 --> 00:50:55,440
Thursday to Attorney General
Eric Holder urging him to allow

869
00:50:55,440 --> 00:50:58,440
the University of Massachusetts
to grow its own marijuana for

870
00:50:58,440 --> 00:51:01,680
medical research. They're not
they're not allowed to

871
00:51:04,260 --> 00:51:08,430
do what? Let me get the story
straight. Dude, give us give me

872
00:51:08,430 --> 00:51:08,760
that one.

873
00:51:09,510 --> 00:51:12,000
Well, let me let me So the story
is that the University of

874
00:51:12,000 --> 00:51:17,490
Massachusetts wants to grow
their own marijuana for research

875
00:51:17,910 --> 00:51:21,420
into its medicinal properties.
And this has been blocked it's

876
00:51:21,420 --> 00:51:24,960
been blocked. It's the same
thing as the grow shops. The DEA

877
00:51:24,990 --> 00:51:28,830
is refusing this or not allowing
this to happen and now they're

878
00:51:28,830 --> 00:51:34,710
writing to holder and he's not
going to do anything. Well, you

879
00:51:34,710 --> 00:51:35,580
don't know that.

880
00:51:40,890 --> 00:51:46,350
I'm just saying. It just doesn't
sound right me Obama's supposed

881
00:51:46,350 --> 00:51:52,260
to be that's where this quote
came from. The word doesn't

882
00:51:52,260 --> 00:51:53,010
sound good.

883
00:51:53,430 --> 00:51:58,080
No, of course not. Because while
it's amazing it's just amazing

884
00:51:58,080 --> 00:52:00,870
the shit that is allowed as
compared to the stuff that isn't

885
00:52:00,870 --> 00:52:01,380
allowed.

886
00:52:01,800 --> 00:52:04,920
Well, they will do you think
that gets me is that this kind

887
00:52:04,920 --> 00:52:07,680
of thing is going on. But you
know, right under everybody's

888
00:52:07,680 --> 00:52:08,280
noses.

889
00:52:09,000 --> 00:52:12,150
And no one's underage but us?
Nobody's outraged, but

890
00:52:12,150 --> 00:52:18,360
maybe you mean a few people that
listen to us. Who may or may not

891
00:52:18,390 --> 00:52:21,390
you know be outraged if it
wasn't for us? You don't know.

892
00:52:22,230 --> 00:52:26,760
And that's the end of it. And
then meanwhile, the Obama bots,

893
00:52:27,210 --> 00:52:29,820
which are all over the place are
still thinking this is the

894
00:52:29,820 --> 00:52:33,060
greatest thing ever happened to
the country? Yep. They have

895
00:52:33,090 --> 00:52:35,340
jingles and tunes they've
written they had that

896
00:52:35,340 --> 00:52:39,420
beautiful actress arm Jonathan
Ross last night. She's in

897
00:52:39,450 --> 00:52:44,070
pushing up daisies. The TV
series. I watched it once I

898
00:52:44,070 --> 00:52:46,680
couldn't get through it. I don't
like the premise. What she's

899
00:52:46,680 --> 00:52:50,430
doing Which actress and she was
also in Goddamn, she was in some

900
00:52:50,430 --> 00:52:55,080
good stuff. Chapter helped me
out. Anyway, so beautiful,

901
00:52:55,080 --> 00:52:59,010
beautiful young woman just
stunning. And, and she's, you

902
00:52:59,010 --> 00:53:01,710
know, she lives half the time in
LA because she has a lot of work

903
00:53:01,710 --> 00:53:05,310
in Hollywood and half the time
in London. And she says Brea was

904
00:53:05,340 --> 00:53:09,000
and she's a complete abama But
it showed exactly what Hollywood

905
00:53:09,000 --> 00:53:11,550
is about. She's like, it was
such a wonderful feeling

906
00:53:11,550 --> 00:53:15,570
everyone that day when when he
was nominated. And then we all

907
00:53:15,570 --> 00:53:17,460
knew that he was going to be
president and since then, it's

908
00:53:17,460 --> 00:53:21,660
just been a glorious feeling. We
all feel the change and out my

909
00:53:21,660 --> 00:53:27,120
mouth. My jaw went by I'm the
prettiest chicks man. They get

910
00:53:27,120 --> 00:53:30,000
the beautiful women they get
there. I think it's actually

911
00:53:30,000 --> 00:53:35,790
blondes are easier to hypnotize.
If you look at statistics, and

912
00:53:35,790 --> 00:53:38,610
I've been thinking a lot about
this because we are under a form

913
00:53:38,610 --> 00:53:43,710
of hypnosis brought on primarily
by well or sustained primarily,

914
00:53:43,710 --> 00:53:49,440
I would say by celebrity, cult
of personality type culture. And

915
00:53:49,440 --> 00:53:53,580
where we are hypnotized we're
more anesthetized than ever due

916
00:53:53,580 --> 00:53:56,430
to drugs that we're all taking
apparently if it's not to make

917
00:53:56,430 --> 00:53:58,890
your penis big for hours it's
you know, to make you sleep

918
00:53:58,890 --> 00:54:01,050
better or feel better or
whatever. So we're we're

919
00:54:01,050 --> 00:54:02,940
literally drugged and we're
hypnotized.

920
00:54:03,660 --> 00:54:07,500
Kristin Chenoweth channel with
Thank you Gosh, she has a baby.

921
00:54:07,710 --> 00:54:11,940
And Anna Friel is who it was,
and a frill and a frill,

922
00:54:12,060 --> 00:54:16,260
F R E I L. So they have two
different blondes on

923
00:54:16,590 --> 00:54:21,150
Anna Friel. Maybe she has dark
hair in the show. Richard Drake

924
00:54:21,150 --> 00:54:22,470
just gave me that in the chat.
Thanks.

925
00:54:23,850 --> 00:54:25,830
Anna Friel has naturally dark
hair.

926
00:54:26,460 --> 00:54:29,070
Okay, well, well, then, then the
system is even better than I

927
00:54:29,070 --> 00:54:29,340
thought,

928
00:54:29,370 --> 00:54:31,890
oh, yeah, I've seen this girl
before. She's a very pretty

929
00:54:31,920 --> 00:54:33,240
British woman very pretty.

930
00:54:33,630 --> 00:54:36,690
So their system is even better
than I thought. And I consider

931
00:54:36,690 --> 00:54:40,260
myself when I look back on my
life, of which I've had some

932
00:54:40,260 --> 00:54:44,700
now. I'm a visionary. And it
doesn't mean like, oh, you know,

933
00:54:44,700 --> 00:54:47,580
I can see in the future, but I
actually I do and it's

934
00:54:47,580 --> 00:54:50,220
accelerating. Let me give you an
example.

935
00:54:50,370 --> 00:54:53,850
So that you're seeing this it's
all fractals. It's well, yes,

936
00:54:53,850 --> 00:54:57,690
it's absolutely fractals. And
maybe it's just my maybe I have

937
00:54:57,930 --> 00:55:01,200
an above normal fractal
recognition. capability. But

938
00:55:01,200 --> 00:55:03,540
now, thanks to you actually, I'm
starting to put that into

939
00:55:03,540 --> 00:55:06,360
perspective. But you know, I saw
what the internet could be and I

940
00:55:06,360 --> 00:55:10,560
acted upon it I saw what online
video could be. I saw the the

941
00:55:10,560 --> 00:55:15,720
capabilities of of online radio.
So that there's, there's so many

942
00:55:15,720 --> 00:55:18,330
different things that I've seen,
but it started to accelerate at

943
00:55:18,330 --> 00:55:21,270
first I was 10 years ahead and I
was five years ahead and always

944
00:55:21,270 --> 00:55:25,080
kind of this last venture really
three years ahead of all of this

945
00:55:25,080 --> 00:55:28,710
alternative media popping with
with video and audio and ways to

946
00:55:28,710 --> 00:55:34,230
monetize that. But now I'm
seeing so clearly what is taking

947
00:55:34,230 --> 00:55:38,580
place around us. Which a lot of
people Oh, this is the awakening

948
00:55:38,580 --> 00:55:43,530
and bullshit. Here's what it is.
so rare. Yeah. Well, no,

949
00:55:43,530 --> 00:55:45,570
there's, there's there's a lot
to that as well. But that's a

950
00:55:45,570 --> 00:55:48,990
separate, coming. No, no, no,
that's not what I'm going with

951
00:55:48,990 --> 00:55:53,760
this. I'm just giving you where
I'm going with it is a hypnotist

952
00:55:53,760 --> 00:55:56,580
will put in a key word often,
you know, and it's or, you know,

953
00:55:56,580 --> 00:55:58,830
when I count to three, and I say
Wake up, you're going to wake

954
00:55:58,830 --> 00:56:01,290
up, you won't remember any of
this, but he actually can wake

955
00:56:01,290 --> 00:56:03,690
people up and you can bring them
back down on him. And that's not

956
00:56:03,690 --> 00:56:07,650
trickery, that this is for real.
Right? You've seen hypnotist?

957
00:56:07,650 --> 00:56:10,170
John, they do it right? It'll
appear

958
00:56:10,170 --> 00:56:10,590
so

959
00:56:11,820 --> 00:56:18,930
head you hedge fund you. So I
now know why I can see things.

960
00:56:18,930 --> 00:56:22,440
So clearly. I figured it out. I
have my trick, and it's

961
00:56:22,440 --> 00:56:26,670
something that everyone can do.
And it will help you see the

962
00:56:26,670 --> 00:56:29,820
true evil nature of the true
rulers of the earth around us

963
00:56:29,820 --> 00:56:33,420
and what they're doing. And it's
the rose colored glasses, John,

964
00:56:33,990 --> 00:56:37,560
I figured it out. Because when
you wear rose colored glasses as

965
00:56:37,560 --> 00:56:38,820
I have for all this is

966
00:56:38,820 --> 00:56:41,310
very interesting. I'm gonna give
you I'm gonna stop it right

967
00:56:41,310 --> 00:56:43,380
there. Because I have to mention
to the people out there that

968
00:56:43,410 --> 00:56:46,380
because I don't think anybody
knows this. But you actually

969
00:56:46,380 --> 00:56:52,020
wear rose colored is gonna be
the I could just see some chat

970
00:56:52,050 --> 00:56:54,960
rooms lighting up on this crock
pot and the bus can actually

971
00:56:54,960 --> 00:56:58,980
wear rose colored glasses. And
there's always a lot of

972
00:56:58,980 --> 00:57:02,760
references in the literature
about seeing things through rose

973
00:57:02,760 --> 00:57:03,570
colored glasses.

974
00:57:03,600 --> 00:57:08,370
Yes. In fact, it started around
1871 I believe I think it was a

975
00:57:08,370 --> 00:57:12,330
politician who was accused of
seeing nothing but rose colored.

976
00:57:12,960 --> 00:57:15,270
Seeing everything through rose
colored glasses. We should look

977
00:57:15,270 --> 00:57:18,960
up the etymology. Yeah, that
etymology or is that

978
00:57:19,080 --> 00:57:21,420
phraseology? Well,

979
00:57:21,600 --> 00:57:24,480
could be either. You looked at
it. Take a look at the link I

980
00:57:24,480 --> 00:57:25,800
sent me Well, okay.

981
00:57:27,240 --> 00:57:32,790
But here's what I wanted to say.
Hold on me take it the link. Oh,

982
00:57:32,790 --> 00:57:35,010
but she has really long curly
hair. She was wearing a wig,

983
00:57:35,010 --> 00:57:39,360
probably. Jonathan Ross, but
stunning, beautiful, long legs.

984
00:57:39,360 --> 00:57:46,440
Just she know, I won't go there
anyway. It's not wearing the

985
00:57:46,440 --> 00:57:51,240
rose colored glasses. It's when
you take them off. That's when

986
00:57:51,240 --> 00:57:55,290
you can see it. Because the
whole world for me is nice.

987
00:57:55,290 --> 00:57:57,480
A couple of science fiction
stories like this, by the way

988
00:57:57,480 --> 00:57:57,870
really

989
00:57:57,870 --> 00:58:02,790
well. It's nice. And it's and I
wear them almost all the time.

990
00:58:02,790 --> 00:58:05,610
But I take them off. And I've
noticed and I started to think

991
00:58:05,670 --> 00:58:08,880
what do I What is how does this
really tie in? Can I corroborate

992
00:58:08,880 --> 00:58:13,230
this, I usually take my glasses
off in meetings. And then And

993
00:58:13,230 --> 00:58:15,810
honestly, I feel very
comfortable doing that for two

994
00:58:15,810 --> 00:58:19,170
reasons. One, because I can look
someone in the eye, and I can't

995
00:58:19,170 --> 00:58:24,240
see their face, because I need
glasses. And for some reason, it

996
00:58:24,240 --> 00:58:27,180
puts me more in tune with my
thoughts. And I'm listening more

997
00:58:27,180 --> 00:58:30,090
than I'm looking. Although I'm
sure I could get a lot of cues

998
00:58:30,090 --> 00:58:34,770
from looking. But still, it
gives me it's even better. Of

999
00:58:34,770 --> 00:58:37,830
course if I put on non rose
colored glasses to actually see

1000
00:58:37,830 --> 00:58:40,950
the room. Then you see the
ugliness of what's actually

1001
00:58:40,950 --> 00:58:45,510
taking place. So it's almost
like I've I've over sensitized

1002
00:58:45,510 --> 00:58:49,560
myself to groovy to a groovy
shade groovy colors and I take

1003
00:58:49,560 --> 00:58:52,230
it off and then boom, then all
of a sudden, all the real crud

1004
00:58:52,350 --> 00:58:56,100
is much more visible. And I'm
once again I'm going to start

1005
00:58:56,100 --> 00:59:00,750
selling crock pot rose colored
glasses, and they'll be 995 And

1006
00:59:00,750 --> 00:59:04,680
they will have blue blocker
capability. You need that? But

1007
00:59:04,680 --> 00:59:07,770
I'm thinking this is the way
that could you imagine droves of

1008
00:59:07,770 --> 00:59:10,560
people wearing rose colored
glasses and the scariest thing

1009
00:59:10,560 --> 00:59:12,480
is not when they have them on
but when they take them off

1010
00:59:12,480 --> 00:59:14,700
because then you know they can
see right through you.

1011
00:59:17,100 --> 00:59:20,550
i Yeah, it's interesting. I
liked it. I liked the idea.

1012
00:59:21,810 --> 00:59:24,690
Thank you and you are actually a
you are a coca kind of a

1013
00:59:25,080 --> 00:59:27,120
definitely a crackpot visionary.

1014
00:59:27,990 --> 00:59:30,390
But visionary in the sense of
you know, I'm not brilliant.

1015
00:59:30,390 --> 00:59:30,930
It's just a

1016
00:59:32,370 --> 00:59:35,190
little ahead of your time just
ahead of your time. Do well if

1017
00:59:35,190 --> 00:59:36,210
you're too far ahead of your
time that

1018
00:59:36,210 --> 00:59:40,170
you can never exactly, exactly
and I've been. You're always

1019
00:59:40,170 --> 00:59:44,850
reminded of the guy who's who
was was interesting character

1020
00:59:44,850 --> 00:59:47,460
because he was always so far
ahead of his time. Is Tim

1021
00:59:47,460 --> 00:59:51,660
O'Reilly Media. Riley
publishing? Yeah. Besides come

1022
00:59:51,660 --> 00:59:55,050
up with his book company. He
came up he was on the World Wide

1023
00:59:55,050 --> 00:59:55,380
Web.

1024
00:59:56,190 --> 00:59:58,650
He was on the well days right
back in the days of the web, and

1025
00:59:58,650 --> 00:59:59,820
he caught the World Wide

1026
00:59:59,820 --> 01:00:02,940
Web Every action immediately
when it first was introduced and

1027
01:00:02,940 --> 01:00:04,650
thought it was going to be the
biggest thing ever, because I

1028
01:00:04,650 --> 01:00:08,220
had on my radio show back in 93
and 94. And he was going on and

1029
01:00:08,220 --> 01:00:12,060
on like crazy. Then he did the
global network navigator. Oh,

1030
01:00:12,060 --> 01:00:12,660
CNN,

1031
01:00:12,660 --> 01:00:17,580
of course, I remember. That was,
that was a, it was a book, but

1032
01:00:17,580 --> 01:00:20,790
it wasn't also a gopher site.

1033
01:00:21,300 --> 01:00:26,490
It was a it was something
between a browser and a a

1034
01:00:26,490 --> 01:00:30,330
portal. It was actually probably
the first portal. And anyway, so

1035
01:00:30,330 --> 01:00:33,960
he had that. And he sold that I
think to AOL, or CompuServe, or

1036
01:00:33,960 --> 01:00:37,710
somebody like that. And he was
kind of in on the whole thing

1037
01:00:37,710 --> 01:00:41,250
saw everything common knew where
it was headed. God in God is

1038
01:00:41,250 --> 01:00:44,490
global navigator thing started
and then was out onto something

1039
01:00:44,520 --> 01:00:49,440
else before the internet ever
hit. It was it was hilarious. I

1040
01:00:49,440 --> 01:00:53,430
mean, if he had done all that
stuff five years later, like in

1041
01:00:53,430 --> 01:00:55,830
the late 90s, when the when you
were just they were throwing

1042
01:00:55,830 --> 01:00:58,680
money at everybody. I mean, it
wouldn't have been funny how

1043
01:00:58,680 --> 01:00:59,880
much he'd been worth. Yeah.

1044
01:01:01,410 --> 01:01:05,850
Well, so yeah, that's, I don't
want to say I'm Tim O'Reilly.

1045
01:01:05,850 --> 01:01:08,640
But I do look at something like
the internet. And then it just

1046
01:01:08,670 --> 01:01:12,480
draws me like a magnet. And and
I have always been a little bit

1047
01:01:12,690 --> 01:01:16,290
on the early side. So I've never
made silly, stupid billions of

1048
01:01:16,290 --> 01:01:19,500
dollars. I've done quite okay
for myself and most of it with

1049
01:01:19,500 --> 01:01:24,900
actual work, which is kelps.
Yeah, you know, I am not one of

1050
01:01:24,900 --> 01:01:28,650
those guys who creates phony
companies that are based upon a

1051
01:01:28,650 --> 01:01:31,650
valuation that has nothing to do
with with making money if a

1052
01:01:31,650 --> 01:01:33,420
company doesn't make money is no
good to me.

1053
01:01:33,930 --> 01:01:36,150
Yeah, well, that that model is
not working. If you haven't

1054
01:01:36,150 --> 01:01:38,730
noticed right now, because they
don't have any IPOs because of

1055
01:01:38,730 --> 01:01:41,370
Sarbanes Oxley, which right
place to screw things up just

1056
01:01:41,370 --> 01:01:43,170
like the interest rate deal.

1057
01:01:43,350 --> 01:01:48,090
Exactly. And the wonderful state
of California besides not

1058
01:01:48,090 --> 01:01:53,670
handing out tax refund checks
now. What was it they had the

1059
01:01:53,670 --> 01:01:56,850
day off? They closed everything
on? Yeah. Was it Monday?

1060
01:01:57,810 --> 01:01:59,880
I think it was Friday, right?
Friday was Friday.

1061
01:01:59,880 --> 01:02:03,450
Yeah. Friday. Yeah. DMV close.
Schwarzenegger is emergency

1062
01:02:03,450 --> 01:02:07,740
services offices was close to
100,000 state employees forced

1063
01:02:07,740 --> 01:02:09,870
to take the day off turn on your
your speakers a little bit,

1064
01:02:09,870 --> 01:02:14,460
John, I'm getting some no sorry.
And what they call it furlough.

1065
01:02:14,490 --> 01:02:18,390
So what they call a furlough.
Yeah, that's a good 140 $2

1066
01:02:18,420 --> 01:02:22,080
billion budget shortfall. See,
what people don't understand is

1067
01:02:22,080 --> 01:02:24,840
that when there's no money, then
you know, guess what? It

1068
01:02:24,840 --> 01:02:27,180
actually happens that there's no
money and when there's no money,

1069
01:02:27,210 --> 01:02:31,800
then then Well, this is the
danger. I'm Oh, no, yes, we have

1070
01:02:31,800 --> 01:02:35,250
hundreds of 1000s of state
employees who are in deep shit.

1071
01:02:35,280 --> 01:02:37,770
They're already making less
money and they've had all kinds

1072
01:02:37,770 --> 01:02:41,040
of cuts and they're gonna get
laid off. And but when the

1073
01:02:41,040 --> 01:02:44,370
welfare checks don't come,
because there's just no money.

1074
01:02:44,790 --> 01:02:51,540
That's when there is a panic.
And all I hear is, I see

1075
01:02:51,540 --> 01:02:54,720
Schwarzenegger, I see him saying
that state of emergency Hello,

1076
01:02:54,720 --> 01:02:58,410
hello, help, help were messed
up. It's it's, you know, it's

1077
01:02:58,440 --> 01:03:01,470
we're going down the tubes here.
There's no one talking about it.

1078
01:03:01,470 --> 01:03:04,740
There's no talk of lifelines.
There's 40 other states that are

1079
01:03:04,740 --> 01:03:05,850
in the same position.

1080
01:03:06,570 --> 01:03:10,020
Yeah, yeah. Well, California is
in bad shape. They're stopping

1081
01:03:10,020 --> 01:03:14,160
projects. And they, you know,
they losing $32 million a day on

1082
01:03:14,190 --> 01:03:18,330
unemployment benefits. Well, but
but there wouldn't probably

1083
01:03:18,330 --> 01:03:21,120
wouldn't hurt if the state was
more pro business than it

1084
01:03:21,120 --> 01:03:26,250
actually is. Hey, by the way,
talking about, I just did

1085
01:03:26,250 --> 01:03:28,110
something came to mind. If you
don't mind me changing the

1086
01:03:28,110 --> 01:03:32,310
subject. I'll go for it. So Bill
Gates goes down to Long Beach

1087
01:03:32,310 --> 01:03:34,140
with a box full of mosquitoes
and releases them.

1088
01:03:34,200 --> 01:03:36,450
I knew you were going to do
this. This is the TED talk,

1089
01:03:36,450 --> 01:03:36,810
right?

1090
01:03:39,330 --> 01:03:42,150
There's violence. We have
multiple violations of state and

1091
01:03:42,150 --> 01:03:46,560
federal laws here. You cannot
import into California disease

1092
01:03:46,560 --> 01:03:47,490
vectors. Well,

1093
01:03:47,850 --> 01:03:50,700
first of all, okay, so here's
what happened on one of those

1094
01:03:50,700 --> 01:03:54,000
TED Talks. If you've never seen
him go to ted.com. And you can

1095
01:03:54,000 --> 01:03:56,970
see Bill Gates doing this. And I
watched it, because I knew you

1096
01:03:56,970 --> 01:03:58,920
actually, you sent me an email
about it. So I knew you're gonna

1097
01:03:58,920 --> 01:04:03,090
bring it up. And he's talking
about malaria. And he says,

1098
01:04:03,210 --> 01:04:06,570
Well, let me just show the
hundreds of millions of people

1099
01:04:06,570 --> 01:04:10,260
dying until we discovered it was
mosquitoes that were passing

1100
01:04:10,260 --> 01:04:13,440
around, and I brought some with
me and he opens up a canister

1101
01:04:13,440 --> 01:04:15,570
and you can't really see it on
the video, but apparently

1102
01:04:15,570 --> 01:04:18,660
there's mosquitoes that then
start to fly around. So are you

1103
01:04:18,720 --> 01:04:23,040
really believing that a these
were imported mosquitoes and be

1104
01:04:23,070 --> 01:04:25,650
that they were possibly infected
with malaria?

1105
01:04:26,490 --> 01:04:28,500
No, I don't think they have
malaria. But the mosquitoes have

1106
01:04:28,500 --> 01:04:32,880
something like 50 or more. I
have a list that was sent to me

1107
01:04:32,880 --> 01:04:36,840
by somebody who's actually filed
complaints with the CDC, the

1108
01:04:37,080 --> 01:04:39,660
California Department of
Agriculture and two or three

1109
01:04:39,660 --> 01:04:42,330
other agencies which which
control this sort of activity.

1110
01:04:42,330 --> 01:04:45,120
You're not supposed to do this,
especially in California and

1111
01:04:45,120 --> 01:04:48,450
agricultural state where we
don't want people bring in fruit

1112
01:04:48,450 --> 01:04:53,610
flies, or whatever. Yeah. And so
he just callously does it as a

1113
01:04:53,610 --> 01:04:57,120
gag. I want to see what happens
because it seems to me that

1114
01:04:57,120 --> 01:05:00,810
there's a nice V there's a fine
involved here and they might as

1115
01:05:00,810 --> 01:05:04,020
well find a guy who's got plenty
of money but I'd like to see

1116
01:05:04,020 --> 01:05:06,780
what would come to this but it
hasn't but I've been watching

1117
01:05:06,780 --> 01:05:08,670
all these news stories and
nobody brings this up.

1118
01:05:09,300 --> 01:05:12,750
Well this is like hello the
punch line the reason he opened

1119
01:05:12,750 --> 01:05:16,020
this up and then the punch line
was i There's no reason only

1120
01:05:16,020 --> 01:05:20,160
poor people should get it. You
know, so as a quasi threat well

1121
01:05:20,160 --> 01:05:22,860
of course he's nothing will
happen because it's like Martha

1122
01:05:22,860 --> 01:05:26,040
Stewart you know the true evil
people never get punished and I

1123
01:05:26,040 --> 01:05:29,670
have really put my doubts next
to Bill Gates his name with his

1124
01:05:29,700 --> 01:05:37,200
foundation store and seeds going
to live in Paraguay with the

1125
01:05:37,200 --> 01:05:37,860
bushes

1126
01:05:39,540 --> 01:05:44,970
Yeah, so let's go talk about
that. So I guess the we got one

1127
01:05:44,970 --> 01:05:47,280
of our listeners is in Paraguay,

1128
01:05:47,460 --> 01:05:49,710
let me bring up his name so we
can IDM

1129
01:05:52,110 --> 01:05:56,940
go ahead and he sent me some
note about something or other

1130
01:05:57,270 --> 01:06:01,710
and we're going back and forth
with him mainly because I'd love

1131
01:06:01,710 --> 01:06:03,360
to go to Paraguay just you know.

1132
01:06:04,500 --> 01:06:07,140
Check it out Christy and
Christine Benitez

1133
01:06:07,890 --> 01:06:10,320
just gotta be very stressed.
Hey,

1134
01:06:10,320 --> 01:06:13,080
man, you're breaking up what the
hell is that fucking router?

1135
01:06:14,190 --> 01:06:17,730
No think so. Anyway, let me get
back on track and see if we can

1136
01:06:17,730 --> 01:06:23,010
start over anyway so this guy is
he mentioned that the bushes

1137
01:06:23,010 --> 01:06:25,770
have you know because we all
know that the bushes have bought

1138
01:06:25,770 --> 01:06:28,710
land down there because it came
up in the conversation sometime

1139
01:06:28,710 --> 01:06:31,320
last year as you know as though
there was going to be a

1140
01:06:31,320 --> 01:06:33,000
revolution United States and
they were going to go to

1141
01:06:33,000 --> 01:06:37,500
Paraguay to to to live. But it
turns out they're just they

1142
01:06:37,500 --> 01:06:40,770
actually bought an investment
they own like most of the

1143
01:06:40,800 --> 01:06:41,730
aquifer.

1144
01:06:42,270 --> 01:06:47,400
Yeah, aquifer Gorani the biggest
water reservation in Paraguay

1145
01:06:50,430 --> 01:06:54,330
so they basically bought a a
well basically for like, you

1146
01:06:54,330 --> 01:07:04,410
know the movie Chinatown. Oh,
god I don't know why I got an

1147
01:07:04,410 --> 01:07:05,700
investment for you.

1148
01:07:06,269 --> 01:07:09,539
Yeah, every day you slip over to
the dark side. I like it.

1149
01:07:11,699 --> 01:07:17,789
Anyway, so I've found that
amusing. FEMA food kits may

1150
01:07:17,789 --> 01:07:23,759
contain tainted peanut butter
that's from CNN.

1151
01:07:25,230 --> 01:07:26,310
Well, that's a good one.

1152
01:07:26,670 --> 01:07:30,270
And let me just see what the
give you the whole story. Food

1153
01:07:30,270 --> 01:07:33,150
kits recently distributed as
part of disaster relief effort

1154
01:07:33,150 --> 01:07:36,390
in Kentucky and Arkansas which
case you didn't know there's

1155
01:07:36,390 --> 01:07:40,290
some bad shit going down there
to may contain peanut butter

1156
01:07:40,290 --> 01:07:42,630
contaminated with salmonella
linked to a nationwide outbreak.

1157
01:07:42,630 --> 01:07:45,900
The Federal Emergency Management
Agency said Wednesday commercial

1158
01:07:45,900 --> 01:07:50,730
meals kits manufactured by Red
Cloud Food Services glue under

1159
01:07:50,730 --> 01:07:55,830
the Standing Rock label. That's
what a joke that is have been

1160
01:07:55,830 --> 01:07:58,830
provided provided to disaster
survivors and impacted

1161
01:07:58,830 --> 01:08:01,650
communities and these kits may
contain peanut butter which is

1162
01:08:01,650 --> 01:08:05,160
part of the precautionary
precautionary people are dying.

1163
01:08:05,430 --> 01:08:08,580
precautionary national recall
underway in accordance with the

1164
01:08:08,580 --> 01:08:11,640
US Food and Drug Administration
FEMA said in a written statement

1165
01:08:12,690 --> 01:08:15,450
so as the CEO of that company
that made all this because

1166
01:08:15,450 --> 01:08:15,660
you've been

1167
01:08:15,660 --> 01:08:17,370
hanged yet has he been

1168
01:08:18,329 --> 01:08:23,159
arrested? You know it's gonna go
to jail.

1169
01:08:23,909 --> 01:08:27,869
You'll hear about that do you
never it's a peanut corporate

1170
01:08:28,079 --> 01:08:29,819
isn't peanut corporate of
America.

1171
01:08:30,149 --> 01:08:33,359
US peanut grinders of none
Georgia so I don't know who they

1172
01:08:33,359 --> 01:08:34,469
are. I can't remember

1173
01:08:35,609 --> 01:08:37,139
well, this is part of the
problem

1174
01:08:39,209 --> 01:08:41,369
it's not part of the problem or
the problem is that the media is

1175
01:08:41,369 --> 01:08:44,189
not covering you know they're
not outraged enough. I mean,

1176
01:08:44,189 --> 01:08:46,499
everyone gets all carried away
but well let's do the recalls.

1177
01:08:46,499 --> 01:08:50,009
But nobody says what about this
the CEO and then the executives

1178
01:08:50,009 --> 01:08:52,979
who made the decision to keep
producing crappy peanut butter

1179
01:08:53,009 --> 01:08:56,459
and killing people? How come
they're not in jail?

1180
01:08:57,899 --> 01:09:02,009
I'm looking at the doing a
google news search Stewart to

1181
01:09:02,009 --> 01:09:02,609
her now

1182
01:09:02,609 --> 01:09:06,059
that's not in jail. Well, Martha
Stewart went to jail

1183
01:09:07,169 --> 01:09:11,039
because they were not in the
game. That's the whole that is

1184
01:09:11,039 --> 01:09:14,309
the whole point. We're not in
the game. We are the ones that

1185
01:09:14,309 --> 01:09:18,089
are going to have the smart grid
blanketed over us and we become

1186
01:09:18,119 --> 01:09:22,859
fucking batteries for these
people. Batteries just all we

1187
01:09:22,859 --> 01:09:27,119
are and batteries have a certain
shelf life and this done here we

1188
01:09:27,119 --> 01:09:27,509
go

1189
01:09:28,470 --> 01:09:33,150
this is the guy we then that's a
possibility for a T shirt. I'm a

1190
01:09:33,150 --> 01:09:35,040
battery a battery

1191
01:09:35,519 --> 01:09:37,409
I'm a battery for the New World
Order

1192
01:09:40,590 --> 01:09:41,640
like it yeah

1193
01:09:44,310 --> 01:09:46,740
just make it official battery
for the New World Order and on

1194
01:09:46,740 --> 01:09:50,700
the back or on the front you
have you draw like a battery

1195
01:09:50,700 --> 01:09:54,330
like a like a double A battery
with the top that's near neck

1196
01:09:54,330 --> 01:09:57,810
right and the bottom. They just
have a fucking battery would

1197
01:09:58,410 --> 01:10:06,690
connect here. So this guy's name
is hold on minds. Well, Shane,

1198
01:10:06,720 --> 01:10:15,150
we might as well shame him John
CE. O, but not found, and this

1199
01:10:15,150 --> 01:10:22,230
is weird. Stewart Parnell owner
and president. Let me Google his

1200
01:10:22,230 --> 01:10:25,320
name Stewart Parnell owner and
president of peanut corporate

1201
01:10:25,320 --> 01:10:28,710
America. You know, this guy just
walking around. You know, he's

1202
01:10:28,710 --> 01:10:33,690
just free. Even though the FDA,
the FDA says that he knowingly

1203
01:10:33,720 --> 01:10:39,240
knowingly this company sold the
tainted shit. Knowingly

1204
01:10:41,070 --> 01:10:45,390
unbelievable, Lynchburg news.
Okay, this this is local, which

1205
01:10:45,390 --> 01:10:50,910
of course is much better.
Lynchburg company makes few

1206
01:10:50,910 --> 01:10:57,480
comments about outbreak. Peanut
Corporation of America was

1207
01:10:57,480 --> 01:11:01,050
founded in 1976 by Stewart
Parnell and his father Hugh, who

1208
01:11:01,050 --> 01:11:06,360
has since retired but remains in
the area. Most recent

1209
01:11:06,360 --> 01:11:10,350
statements, January 13. Parnell
said we understand the

1210
01:11:10,350 --> 01:11:12,900
seriousness of the situation
that our company faces with the

1211
01:11:12,900 --> 01:11:15,630
current product recall crisis,
and we deeply regret that these

1212
01:11:15,630 --> 01:11:19,080
circumstances are causing
distress to our customers, our

1213
01:11:19,080 --> 01:11:27,060
employees and our customers, our
consumers. Jesus. So your answer

1214
01:11:27,060 --> 01:11:28,830
is he's just hanging out.

1215
01:11:31,229 --> 01:11:36,629
Yeah, Tigres. bit sad. What
other? What other depressing

1216
01:11:36,629 --> 01:11:38,039
news do we have for the public?

1217
01:11:38,070 --> 01:11:41,790
Well, actually, I wanted to,
because you said the last show I

1218
01:11:41,790 --> 01:11:44,820
ended on such a downer. I
actually feel really good

1219
01:11:44,820 --> 01:11:49,860
because I feel that Oh, yeah.
And I want to make a short term

1220
01:11:49,860 --> 01:11:53,790
prediction. I believe that
Monday, we're going to witness a

1221
01:11:53,790 --> 01:11:57,420
significant shift in the
markets, this will come right

1222
01:11:57,420 --> 01:12:01,110
along with this bill being
passed. But I believe probably

1223
01:12:01,500 --> 01:12:05,370
the 13th I may just be right, I
didn't think I was gonna make

1224
01:12:05,370 --> 01:12:09,180
it. I think we will see a
massive, massive crash around

1225
01:12:09,180 --> 01:12:12,120
the 13th of February. And it's
all coming together

1226
01:12:12,120 --> 01:12:21,720
simultaneously. And it's all
orchestrated in my mind. Well,

1227
01:12:21,720 --> 01:12:24,690
let's see, whoa, whoa, wait, but
wait, wait, let me finish the

1228
01:12:24,690 --> 01:12:28,170
thought. So this means that all
the things that we've been

1229
01:12:28,170 --> 01:12:30,990
talking about, or it's certainly
that we've been talking about

1230
01:12:30,990 --> 01:12:35,340
together for over a year now,
John, episode number 70. And

1231
01:12:35,340 --> 01:12:37,860
what I've been doing for even
longer on the daily source code.

1232
01:12:38,430 --> 01:12:42,180
So now now watch our numbers go
up, because people are going to

1233
01:12:42,180 --> 01:12:44,250
start saying shit, you know,
these guys were right, you

1234
01:12:44,250 --> 01:12:47,280
should go listen to them. And
it's really, it's not the

1235
01:12:47,280 --> 01:12:50,700
dawning of the Age of Aquarius.
But so now we got to hunker down

1236
01:12:50,700 --> 01:12:53,460
and we're all going to be pretty
much equal. Because your money

1237
01:12:53,460 --> 01:12:56,250
is going to be worth shit, at
least for a while. My money,

1238
01:12:56,250 --> 01:12:59,700
your money, anybody's money
while they have gold? Well, yes,

1239
01:12:59,700 --> 01:13:02,790
I do have gold. So I'm going to
be okay. But I'm not going to I

1240
01:13:02,790 --> 01:13:06,180
don't have all my money in gold.
You know, it's just can't.

1241
01:13:09,000 --> 01:13:11,400
So alright, well, I'm not
convinced there's going to be

1242
01:13:11,400 --> 01:13:16,980
some sort of a crash on the
13th. But that's the whole

1243
01:13:17,010 --> 01:13:22,200
hopefully won't go below that
November 20. Number, but let's

1244
01:13:22,200 --> 01:13:25,050
assume that they've said that.
That would be the probably the

1245
01:13:25,380 --> 01:13:31,290
launch point for the economy to
go up. Hmm,

1246
01:13:31,319 --> 01:13:34,259
now, I think I think we're in
too deep a hole, you know. So

1247
01:13:34,739 --> 01:13:39,359
what would the British model
that is the US is now following,

1248
01:13:39,899 --> 01:13:44,669
you know, all things being
equal. If I were to recommend

1249
01:13:44,669 --> 01:13:50,459
any way out of this, the idea of
a bad bank is probably the

1250
01:13:50,459 --> 01:13:53,939
closest thing to not
nationalizing but you know,

1251
01:13:53,969 --> 01:13:57,569
making something happen, oh, and
by the way, no longer offering

1252
01:13:57,569 --> 01:14:01,379
free money through the Federal
Reserve. That would probably be

1253
01:14:01,409 --> 01:14:04,259
a way to go. But now they're
choosing the British model

1254
01:14:04,259 --> 01:14:08,999
following the one eyed Scottish
idiot, according to Jeremy

1255
01:14:08,999 --> 01:14:16,949
Clarkson, which is become an
insurer for the banks. Now, if

1256
01:14:16,949 --> 01:14:22,919
you follow synthetic credit
default options, which is more

1257
01:14:22,919 --> 01:14:28,049
nothingness on on a spreadsheet,
and this is trillion, that may

1258
01:14:28,049 --> 01:14:32,549
be $100 trillion dollars worth
of shit. So if a bank goes out

1259
01:14:32,549 --> 01:14:35,669
of business, all this stuff is
going to have to start coming,

1260
01:14:35,699 --> 01:14:38,609
it's really going to have to
unravel because the same people

1261
01:14:38,609 --> 01:14:41,369
who got us into this will once
again be standing there with a

1262
01:14:41,369 --> 01:14:44,729
hand saying, where's my money,
and the taxpayers will be on the

1263
01:14:44,729 --> 01:14:45,599
hook for this?

1264
01:14:45,990 --> 01:14:48,990
Right? What should really
happen, especially with this

1265
01:14:48,990 --> 01:14:52,470
credit, Default Swaps still out
there? And has lots of them in

1266
01:14:52,470 --> 01:14:54,390
it, and then nobody knows what
they're valued at because it's

1267
01:14:54,390 --> 01:14:57,870
an unregulated sub industry.
Yeah, well, I've heard 40 The

1268
01:14:57,870 --> 01:15:00,480
banks that are holding these us
or anybody holding They should

1269
01:15:00,480 --> 01:15:02,070
just go bankrupt.

1270
01:15:02,729 --> 01:15:07,289
Well, so that I think that's the
the problem there is, then every

1271
01:15:07,319 --> 01:15:10,019
everything unwinds, in the same
way, with the only difference

1272
01:15:10,019 --> 01:15:13,709
being yes, if you just let them
go bankrupt, and I'll say it

1273
01:15:13,709 --> 01:15:17,459
again that capitalism without
bankruptcy is like religion

1274
01:15:17,579 --> 01:15:22,379
without hell, then we would go
through some serious deep shit

1275
01:15:22,379 --> 01:15:27,149
times, but nothing compared to
also being publicly liable and

1276
01:15:27,149 --> 01:15:30,629
have to pay that pay people
back. I mean, that will really

1277
01:15:30,629 --> 01:15:34,619
decimate everything. And so I
think that when you when I hear

1278
01:15:34,619 --> 01:15:36,899
you say, Well, this is
interesting, or this is a little

1279
01:15:36,899 --> 01:15:39,479
bit different, and it's never
quite been seen this way.

1280
01:15:40,019 --> 01:15:43,769
That's, that's what is different
about this and why I don't think

1281
01:15:44,369 --> 01:15:47,099
I don't think your cycle, you
know, I think your cycles just

1282
01:15:47,099 --> 01:15:49,229
coming a little bit earlier than
you believe it's come here.

1283
01:15:49,230 --> 01:15:52,260
I'm not buying that yet,
necessarily. But it's possible

1284
01:15:52,290 --> 01:15:54,600
today. But again, the one thing
that's interesting about

1285
01:15:54,600 --> 01:15:58,140
studying all these cycles, is
that every time something

1286
01:15:58,140 --> 01:16:01,470
happens, every time there's an
economic downturn, that is major

1287
01:16:01,500 --> 01:16:06,270
and important, it always takes a
different form. It's that you me

1288
01:16:06,270 --> 01:16:08,940
the last time we had a really
bad situation was in the 70s,

1289
01:16:09,150 --> 01:16:11,670
where we had something out of
the blue, nobody ever seen it

1290
01:16:11,670 --> 01:16:14,190
before. Nobody even knew what to
call it, they finally invented

1291
01:16:14,190 --> 01:16:17,850
the term stagflation, right,
because it didn't make any

1292
01:16:17,850 --> 01:16:21,180
sense. But with with little
fashioned economic analysis that

1293
01:16:21,180 --> 01:16:23,730
this would this possibility
would exist, which is that you

1294
01:16:23,730 --> 01:16:26,490
have no interest in anybody
buying anything, but prices are

1295
01:16:26,490 --> 01:16:30,720
going up. Yep. How do you do
that? How does that how does

1296
01:16:30,720 --> 01:16:33,570
that work and make no sense that
brought in Milton Friedman, who

1297
01:16:33,570 --> 01:16:37,110
explained it with his supply
side stuff. But now his you

1298
01:16:37,110 --> 01:16:39,360
know, that doesn't explain
what's going on now. And

1299
01:16:39,360 --> 01:16:42,300
there'll be another new famous
economist that was crop up, he's

1300
01:16:42,300 --> 01:16:46,530
probably, they always tend to be
older. And they died during the

1301
01:16:46,530 --> 01:16:50,220
era of their theory, peaking,
which would happen with

1302
01:16:50,220 --> 01:16:54,000
Friedman. And it happened to guy
before him and Keynes and you

1303
01:16:54,000 --> 01:16:59,400
can go back to Ricardo and
everybody in between. And go

1304
01:16:59,400 --> 01:17:03,930
back Karl Marx. He was also
instrumental in the 1850s 60s.

1305
01:17:04,290 --> 01:17:07,800
But it's mainly the Chicago
School of Economics, those the

1306
01:17:07,800 --> 01:17:08,970
guys that that

1307
01:17:09,000 --> 01:17:11,190
that was kind of running things
currently, but there'll be a new

1308
01:17:11,190 --> 01:17:13,410
guy cropping up with a great
explanation for everything, be

1309
01:17:13,410 --> 01:17:17,430
an older guy, he'll die probably
15 years from now. And it'll

1310
01:17:17,430 --> 01:17:22,590
make sense. But we haven't seen
that whole thing shake out yet,

1311
01:17:23,100 --> 01:17:27,270
for anyone to deconstruct. So
we're still in a holding pattern

1312
01:17:27,270 --> 01:17:35,580
here. I'm confident based on my
studies, that we should have a

1313
01:17:35,580 --> 01:17:40,830
student have at least a two year
boom and model and you're

1314
01:17:40,860 --> 01:17:45,720
looking at the way it unfolded
in 1890. That's kind of what I'm

1315
01:17:45,720 --> 01:17:46,110
thinking.

1316
01:17:46,140 --> 01:17:48,990
I'm hoping I have to go look at
that. Well, at 90 A lot of

1317
01:17:49,020 --> 01:17:53,250
that's that was this is why I'm
so positive because in around

1318
01:17:53,280 --> 01:17:56,280
1890, that's when we had Tesla
that's we had Edison. That's

1319
01:17:56,280 --> 01:17:58,830
when we had a whole bunch of
really amazing people come up

1320
01:17:58,830 --> 01:18:01,650
with amazing shit. If only this
time around, we can protect

1321
01:18:01,650 --> 01:18:04,650
them. So the next generation
doesn't have to go through not

1322
01:18:04,650 --> 01:18:09,030
to go through 100 years of
stifling of real innovation and

1323
01:18:09,030 --> 01:18:14,610
human prosperity and using our
brains in more ways than one. Ie

1324
01:18:14,610 --> 01:18:15,990
not being batteries.

1325
01:18:16,409 --> 01:18:18,869
We haven't those same kinds of
people today. We've got Bill

1326
01:18:18,869 --> 01:18:26,999
Gates, Scott McNealy, John
Doerr. Okay, go ahead, kick

1327
01:18:26,999 --> 01:18:30,479
kick. I'm sorry. That's okay. I
you know, I wasn't trying to be

1328
01:18:30,479 --> 01:18:32,939
funny here, but I couldn't come
up with enough silly names. I

1329
01:18:32,940 --> 01:18:36,510
understand what you're saying,
but I appreciate it. I I've

1330
01:18:37,620 --> 01:18:41,550
opened up all the boxes I for my
bookcases finally in and I was,

1331
01:18:41,850 --> 01:18:44,370
you know, I, I love books. If
you ever want to give me a

1332
01:18:44,370 --> 01:18:48,720
present, just give me a book. So
I keep books, the ones that I

1333
01:18:48,720 --> 01:18:54,570
liked the most. And I have one
here from 19. When did this one

1334
01:18:54,570 --> 01:19:00,600
was this given to me? Well, it
was given to me by a senior

1335
01:19:01,140 --> 01:19:05,250
banker at Bankers Trust, because
we were doing a derivatives

1336
01:19:05,250 --> 01:19:08,820
trading system for them. And
it's called Understanding swaps.

1337
01:19:09,420 --> 01:19:12,810
Who and it's a fantastic it's
just I love reading this book

1338
01:19:12,810 --> 01:19:14,100
again. You know,

1339
01:19:14,130 --> 01:19:17,760
maybe just two women from the
SEC should have read that book.

1340
01:19:19,260 --> 01:19:23,100
No other market is chapter one.
No other market in financial

1341
01:19:23,100 --> 01:19:26,220
history has grown as rapidly or
evolved as quickly as the swaps

1342
01:19:26,220 --> 01:19:31,440
markets from 1979 is when their
initial inception in 1979

1343
01:19:31,830 --> 01:19:34,830
notional principal outstanding
have grown from virtually

1344
01:19:34,830 --> 01:19:39,240
nothing to over $5 trillion 5
trillion. Now this book was

1345
01:19:39,240 --> 01:19:42,690
published in 96. Probably

1346
01:19:44,760 --> 01:19:45,960
what's the name of this book
again,

1347
01:19:46,080 --> 01:19:47,550
understanding swaps.

1348
01:19:48,630 --> 01:19:49,590
And who's the author?

1349
01:19:50,520 --> 01:19:56,790
Marshall is a couple of authors
here. John F. Marshall,

1350
01:19:57,360 --> 01:20:03,090
Professor of Finance and Where
Graduate School of Business St.

1351
01:20:03,090 --> 01:20:11,040
John's University New York
Kenneth are captioner

1352
01:20:11,880 --> 01:20:16,230
that's okay. I just need the one
name that says there's a famous

1353
01:20:16,230 --> 01:20:16,770
name on there

1354
01:20:17,430 --> 01:20:23,670
those two guys yeah Jack
Marshall and Ken Kepner. But

1355
01:20:23,670 --> 01:20:26,310
even when this book was
published already $5 trillion

1356
01:20:26,640 --> 01:20:29,250
Can you imagine what it really
is? It's gotta be 500 trillion

1357
01:20:29,250 --> 01:20:30,810
by now it's gotta be

1358
01:20:31,590 --> 01:20:34,530
well let's see a 90 I forget
when the guy says the Madoff

1359
01:20:34,530 --> 01:20:38,340
thing the guy testifying against
Madoff or against the SEC we

1360
01:20:38,340 --> 01:20:39,270
should we should know his

1361
01:20:39,270 --> 01:20:40,410
name and we should repeat

1362
01:20:40,410 --> 01:20:43,740
his starts with an M what we
should repeat his

1363
01:20:43,739 --> 01:20:46,859
name over and over and over
because this is the Paul Revere

1364
01:20:46,859 --> 01:20:47,609
of our time.

1365
01:20:50,190 --> 01:20:55,980
On this piece of paper was read
Markopoulos Mark calm lark, calm

1366
01:20:55,980 --> 01:21:00,450
Markopoulos, ma RK O P. O. L. O.
U. S. Markopoulos capitalism

1367
01:21:00,479 --> 01:21:03,539
capitalist Markopoulos, like
Acropolis, only mark

1368
01:21:03,569 --> 01:21:07,289
Markopoulos, Markopoulos,
Markopoulos Acropolis, well he

1369
01:21:07,289 --> 01:21:09,629
should have an acropolis named
after him apparently

1370
01:21:09,630 --> 01:21:13,050
I guess it he's he knows of
another billion dollar cup Ponzi

1371
01:21:13,050 --> 01:21:16,020
scheme that's out there that is
going to but that's

1372
01:21:16,019 --> 01:21:18,539
that's but that's the fractal
going down. We need to look at

1373
01:21:18,539 --> 01:21:21,029
the fractals going up because
you just don't have a $50

1374
01:21:21,029 --> 01:21:24,239
billion fractal sticking out of
space for no reason without

1375
01:21:24,239 --> 01:21:27,389
something above it. As John
Brown says in the chat room,

1376
01:21:27,389 --> 01:21:34,169
probably 1.4 quadrillion in
swamps out there. I believe it.

1377
01:21:34,199 --> 01:21:35,039
I believe it.

1378
01:21:35,460 --> 01:21:39,870
You never know. Somebody gives
you those yachts are expensive.

1379
01:21:39,899 --> 01:21:42,359
Have you ever seen those mothers
man, those things? I've

1380
01:21:42,360 --> 01:21:46,110
seen some in Monte Carlo and
I've seen a lot of photos. Paul

1381
01:21:46,110 --> 01:21:47,220
Allen has three of them.

1382
01:21:47,279 --> 01:21:51,719
But yeah, with two helicopters
on it, and that just blows me

1383
01:21:51,719 --> 01:21:52,229
away.

1384
01:21:52,830 --> 01:21:56,130
Yeah, what do you need to
helicopter for each foot? Ah,

1385
01:21:57,000 --> 01:22:00,120
it's just like a lot of them
have a couple of helicopters and

1386
01:22:00,120 --> 01:22:01,200
a submarine.

1387
01:22:02,159 --> 01:22:05,159
I've you know, I I'm very
interested in personal

1388
01:22:05,159 --> 01:22:09,329
submersible. The Amsterdam
police have one that they use in

1389
01:22:09,329 --> 01:22:13,049
the canals. It's a one man
submarine, which is just the

1390
01:22:13,049 --> 01:22:16,259
cutest thing ever. And what they
use it for is to go around and

1391
01:22:16,259 --> 01:22:19,949
see if people aren't dumping
human waste from their boats

1392
01:22:19,979 --> 01:22:25,949
into the into the canals or into
the rivers. So they're literally

1393
01:22:25,949 --> 01:22:30,569
spying under you to see if
you're pooping in the water. But

1394
01:22:30,569 --> 01:22:34,109
the but it's a beautiful little
sub. It's like, Oh, I love what

1395
01:22:34,470 --> 01:22:36,780
company. I've been up in the
Microsoft territory in

1396
01:22:36,780 --> 01:22:38,940
Washington State. I don't I
haven't followed them for years.

1397
01:22:38,940 --> 01:22:41,460
But I remember seeing that they
call it I think it's called

1398
01:22:41,460 --> 01:22:44,880
American submarine. And they
were trying to commercialize

1399
01:22:44,880 --> 01:22:47,970
submarines instead of you know,
instead of buying a speed boat,

1400
01:22:47,970 --> 01:22:49,380
you'd buy one of these things.

1401
01:22:49,559 --> 01:22:54,449
Yeah, I've seen I've seen some
some of those companies. And

1402
01:22:54,449 --> 01:22:57,479
they were you know, like, like a
yacht like a serious yacht sized

1403
01:22:57,479 --> 01:23:00,689
submarine. Yeah, that would you
know, and do you know like 10

1404
01:23:00,689 --> 01:23:04,259
knots or 12 knots underwater,
you know, like some serious

1405
01:23:04,289 --> 01:23:09,779
serious hardware, you know, 80
or nine $90 million? Sure. I'm

1406
01:23:09,779 --> 01:23:11,849
sure that it's available if you
want it

1407
01:23:13,529 --> 01:23:15,239
when a who would own one of
those things.

1408
01:23:16,170 --> 01:23:20,070
But only someone who has
acquired massive amounts of

1409
01:23:20,070 --> 01:23:22,860
money and I guess the only way
you can get that kind of money

1410
01:23:22,860 --> 01:23:33,120
is by cheating doesn't that
sound kind of right? Yeah,

1411
01:23:33,119 --> 01:23:36,209
you know, either that or you.
There's somebody there's

1412
01:23:36,209 --> 01:23:39,509
probably some elements of that
in any one of those super

1413
01:23:39,509 --> 01:23:43,709
fortunes can take a look at Bill
you known as the world's richest

1414
01:23:43,709 --> 01:23:50,219
man for a while. And you know,
he basically scam some guy out

1415
01:23:50,219 --> 01:23:55,559
of MS DOS or $50,000 In Bills
fortune around that. And then

1416
01:23:56,699 --> 01:24:00,809
played dirty football throughout
most of the run up of this

1417
01:24:00,839 --> 01:24:04,889
Microsoft stock when it was
doing well. There you go.

1418
01:24:09,839 --> 01:24:12,689
Offensive one story I remember I
was told by one of the lawyers

1419
01:24:12,689 --> 01:24:16,709
that used to work with Gary
Kildall was that Microsoft was

1420
01:24:16,709 --> 01:24:20,669
gonna go out of business for a
while until they went to Gary to

1421
01:24:20,669 --> 01:24:26,249
get a license for CPM and
manufacture what was was an add

1422
01:24:26,249 --> 01:24:30,239
in card a CPM card that you put
in the apple to to run CPM

1423
01:24:30,239 --> 01:24:33,269
programs on an Apple really
Yeah, it was a Microsoft called

1424
01:24:33,269 --> 01:24:38,519
a soft card. Microsoft saved the
company with that because Kyla

1425
01:24:38,519 --> 01:24:41,549
didn't want to license CPM to
anybody. But they talked him

1426
01:24:41,549 --> 01:24:43,889
into any fit felt he could do
them a favor and save the

1427
01:24:43,889 --> 01:24:46,409
company he saved the company and
the next thing you know

1428
01:24:46,409 --> 01:24:50,789
Microsoft does everything it can
to screw yeah of course did your

1429
01:24:50,789 --> 01:24:54,539
research CPM and you know button
mainly gem the operating system.

1430
01:24:54,539 --> 01:24:56,759
They came with a graphical user
interface operating system

1431
01:24:56,759 --> 01:25:00,659
called Jam Jam. Yes, I remember
that. That knew that they were

1432
01:25:00,659 --> 01:25:03,599
signing deals with left and
right and Microsoft. This guy

1433
01:25:03,599 --> 01:25:05,939
says, you know, he they said
they'd go in and sign a deal and

1434
01:25:05,939 --> 01:25:09,689
they'd see Bill go in there like
a week later and clear the deal.

1435
01:25:10,289 --> 01:25:13,619
One after another. Jim never
went anywhere. And then, you

1436
01:25:13,619 --> 01:25:20,189
know, CPM and Gary ended up
actually Gary ended up dead on a

1437
01:25:20,189 --> 01:25:25,319
weird barstool incident in
Monterey, I

1438
01:25:26,670 --> 01:25:30,150
really, you know, that that is
deemed as pornographic in the

1439
01:25:30,150 --> 01:25:33,840
United Kingdom. What a weird
barstool accident.

1440
01:25:36,479 --> 01:25:37,709
Anyway, so I just like

1441
01:25:37,710 --> 01:25:40,980
to thank all of the no agenda
and daily source code listeners

1442
01:25:41,010 --> 01:25:46,710
for sending me the audio
recording of flight 1549. Yes,

1443
01:25:46,710 --> 01:25:52,170
thank you. I have heard it. We
played it. Yeah, it's just 1000s

1444
01:25:52,170 --> 01:25:57,570
of emails. And I just want to
say the following about it. So

1445
01:25:57,570 --> 01:26:00,720
I'd listened to the NTSB
version. It's pretty funny as a

1446
01:26:00,720 --> 01:26:03,960
guy who comes on and says, My
name is John Baba, I'm from the

1447
01:26:03,960 --> 01:26:07,830
NTSB, I certify that this is the
true recording. And then

1448
01:26:07,830 --> 01:26:11,220
subsequently, the whole thing is
edited. Because you can hear it,

1449
01:26:11,220 --> 01:26:16,410
you hear it, you literally hear
the static fade in, which is not

1450
01:26:16,410 --> 01:26:22,260
the way typical reception works
on aircraft communications. So

1451
01:26:22,260 --> 01:26:25,260
they're fading it in and out
whatever the you know, the

1452
01:26:25,260 --> 01:26:28,530
besides the fact that the pilot
and I find this very, very

1453
01:26:28,530 --> 01:26:33,360
strange, very strange. There's
one thing when you're flying,

1454
01:26:34,080 --> 01:26:37,290
and again, I've been an aviator
for a number of years, I have

1455
01:26:37,350 --> 01:26:40,380
1000s of hours to my name, fixed
wing and rotary. I've been

1456
01:26:40,380 --> 01:26:44,130
around. I've flown in America
flown in Holland, France,

1457
01:26:44,130 --> 01:26:48,330
Germany, the United Kingdom,
messing up your callsign it's

1458
01:26:48,330 --> 01:26:52,410
like a big no, no. And there's a
couple of reasons for it. Even

1459
01:26:52,410 --> 01:26:56,190
if, if, if I have my callsign
November 277 Delta Sierra, if

1460
01:26:56,190 --> 01:27:00,660
there's someone out there that
is golf, November 275, Delta

1461
01:27:00,660 --> 01:27:04,680
Sierra, the controller will
mention it specifically just so

1462
01:27:04,680 --> 01:27:07,650
you know, Delta shara, he'll
give me then an abbreviation.

1463
01:27:07,920 --> 01:27:10,710
There is another Delta share out
there. I'm going to call him

1464
01:27:10,710 --> 01:27:18,090
this. Right. So the captain
calls himself flight, cactus

1465
01:27:18,090 --> 01:27:24,690
1539. The controller repeats it
as cactus 1529 The actual flight

1466
01:27:24,690 --> 01:27:30,990
number according to all press is
1549. Okay, it's on radar, the

1467
01:27:30,990 --> 01:27:35,040
radar screen will actually show
the flight number. How can the

1468
01:27:35,040 --> 01:27:40,110
captain that the pilot in
command mess up his callsign?

1469
01:27:40,140 --> 01:27:45,750
Okay, maybe because engines went
out whatever. That is highly

1470
01:27:45,750 --> 01:27:48,510
suspicious. I don't just gloss
over it. I think there's

1471
01:27:48,510 --> 01:27:51,870
something very messed up with
that. It's just wrong. And it's

1472
01:27:51,870 --> 01:27:55,320
confusing. And that alone is a
dangerous situation where you

1473
01:27:55,320 --> 01:27:59,040
have at least in communication,
two different versions of the

1474
01:27:59,040 --> 01:28:06,990
flight number. Now second, the
the general consensus amongst

1475
01:28:07,170 --> 01:28:12,090
aviators out there is that this
is really an Airbus problem. The

1476
01:28:12,090 --> 01:28:16,560
Airbus, unlike Boeing is totally
fly by wire, the computer

1477
01:28:16,560 --> 01:28:21,570
controls everything. So when the
pilot thrusts up his engines,

1478
01:28:22,110 --> 01:28:25,050
he's not in direct contact with
the engines, he's in direct

1479
01:28:25,050 --> 01:28:28,140
contact with something called a
fade deck and the fade X stands

1480
01:28:28,140 --> 01:28:33,510
for fully authorized fully
authorized digital engine

1481
01:28:33,540 --> 01:28:37,560
controller. So the computer is
authorized to make decisions

1482
01:28:37,560 --> 01:28:41,070
about the throttle. So let's
just presume the bird strike is

1483
01:28:41,070 --> 01:28:44,460
real. And something got ingested
into the engines the general

1484
01:28:44,460 --> 01:28:48,660
theory is that the Airbus
computer decided to shut down

1485
01:28:48,660 --> 01:28:51,810
the engines which may not have
been necessary and you don't

1486
01:28:51,810 --> 01:28:55,920
necessarily blow up our fall out
of the sky if you ingest a bird

1487
01:28:55,920 --> 01:28:59,010
and a double bird strike this is
like this is already so highly

1488
01:28:59,010 --> 01:29:03,570
unlikely. So strange third thing
and then I'm never going to talk

1489
01:29:03,570 --> 01:29:05,700
about it again because it'll
come out one day and and then

1490
01:29:05,700 --> 01:29:10,890
I'll do a Neener Neener third
thing as you're listening to the

1491
01:29:10,890 --> 01:29:16,320
cockpit report recordings, not
until the very end, remember

1492
01:29:16,320 --> 01:29:21,240
this is a an air an Airbus.
Without engines gliding through

1493
01:29:21,240 --> 01:29:24,360
the sky engines are out the
computer has shut down the

1494
01:29:24,360 --> 01:29:27,840
engines. You do not hear a
single warning bell procs

1495
01:29:27,870 --> 01:29:32,130
Nothing, not a single thing is
going off in that cockpit until

1496
01:29:32,130 --> 01:29:35,760
the very very end when he says
you'll find this in the Hudson.

1497
01:29:35,910 --> 01:29:39,420
And you hear what to me sounds
more like a stall warning. But

1498
01:29:39,450 --> 01:29:43,590
there I can hear some sound. But
all the while I do not hear

1499
01:29:43,650 --> 01:29:47,910
anything in this cockpit. So I
don't like those three things.

1500
01:29:48,660 --> 01:29:52,530
I'm happy that everyone got down
safely. I think it's a great

1501
01:29:52,530 --> 01:29:56,130
feat by the crew. Which I
include the flight attendants

1502
01:29:56,130 --> 01:29:58,140
because they're they're really
for your safety not disturb you

1503
01:29:58,140 --> 01:30:03,090
a drink you stupid lazy bastard.
And it stinks to high hell, it

1504
01:30:03,090 --> 01:30:05,460
stinks, it stinks, it stinks,
and I'm never going to talk

1505
01:30:05,460 --> 01:30:10,530
about it again. But one day,
you'll see that it was stinky.

1506
01:30:11,369 --> 01:30:14,399
Now, it'll never come out.
Either you left out the other

1507
01:30:14,399 --> 01:30:16,739
thing or unless there was
another version of the recording

1508
01:30:16,739 --> 01:30:21,509
that included it, which was the
controller saying, the pilot has

1509
01:30:22,139 --> 01:30:25,199
said he's had a bird strike and
but he never did

1510
01:30:25,409 --> 01:30:28,079
know, I went back and I listened
to it. I listened to the

1511
01:30:28,079 --> 01:30:31,469
original recording. And he says
bird strike lost thrust.

1512
01:30:32,729 --> 01:30:35,279
Oh, then the guy says he's lost
both engines. He did he ever say

1513
01:30:35,279 --> 01:30:36,149
that? Yeah.

1514
01:30:36,960 --> 01:30:41,940
Cuz I was listening. That felt
good to me. That felt like I

1515
01:30:41,940 --> 01:30:49,080
will say there's a couple
things. So the sequence doesn't

1516
01:30:49,080 --> 01:30:51,630
really make sense. Because the
pilot basically says, I want to

1517
01:30:51,630 --> 01:30:55,710
come back. And the guy says,
okay, and then he says, I

1518
01:30:55,710 --> 01:30:59,190
couldn't get it for you. And I'm
not quite sure what he couldn't

1519
01:30:59,190 --> 01:31:03,690
get. It seems like I'm missing
something or someone says you

1520
01:31:03,690 --> 01:31:06,390
can't come back. You can't land
on this runway because he calls

1521
01:31:06,390 --> 01:31:10,260
someone that part. You know, and
I'm pretty good at listening to

1522
01:31:10,260 --> 01:31:13,200
the radio. And hearing those
communications. There was

1523
01:31:13,200 --> 01:31:15,630
something weird about it. The
whole thing. Here's what just

1524
01:31:15,630 --> 01:31:16,080
weird.

1525
01:31:16,560 --> 01:31:19,530
Here's what I'd be on the
lookout for. There were a number

1526
01:31:19,530 --> 01:31:26,160
of executives from the Bank of
America on that plane. Yep. 30

1527
01:31:26,190 --> 01:31:32,250
seconds. How many 30? If any of
these people show up dead in the

1528
01:31:32,250 --> 01:31:36,390
next, let's say a year under
mysterious circumstances,

1529
01:31:36,540 --> 01:31:39,000
especially if more than one of
them do. Yeah. There may be

1530
01:31:39,000 --> 01:31:40,050
something to that.

1531
01:31:41,790 --> 01:31:45,090
Yeah, no, I think I told you
that theory was it was it's

1532
01:31:45,090 --> 01:31:49,020
warring bank factions. It's
basically the Vatican Roman

1533
01:31:49,050 --> 01:31:52,620
bankers versus the Jewish bank
to the Vatican. Yeah, no,

1534
01:31:52,620 --> 01:31:54,750
because it was the men. We
talked about this. The Bank of

1535
01:31:54,750 --> 01:31:57,150
America came initially from an
Italian bank.

1536
01:31:59,100 --> 01:32:01,230
Well, it was actually an
American bank called the Bank of

1537
01:32:01,230 --> 01:32:01,680
Italy.

1538
01:32:01,800 --> 01:32:07,080
He, but in San Francisco, right?
Yeah, yeah. Well before it, but

1539
01:32:07,080 --> 01:32:10,050
so all that money came from
that. I mean, that's the version

1540
01:32:10,050 --> 01:32:12,030
that's out there is that oh, it
wasn't, you know, a talent?

1541
01:32:12,029 --> 01:32:15,209
I don't think so. I think it's
an economic hitman stuff.

1542
01:32:15,420 --> 01:32:19,980
It was, interestingly, on the
same day that they went to, to

1543
01:32:19,980 --> 01:32:24,030
the government to say, hey, we
need to another $18 billion to

1544
01:32:24,030 --> 01:32:29,430
buy Merrill Lynch. Which they
got.

1545
01:32:30,930 --> 01:32:33,960
Maybe somebody has something on
the government, you know, maybe

1546
01:32:33,960 --> 01:32:38,430
one of those executives is knows
too much. But anyway, so I don't

1547
01:32:38,430 --> 01:32:41,640
know. They just think I
apologize to the Bank of America

1548
01:32:41,640 --> 01:32:44,100
executives for flying that day.
Yeah.

1549
01:32:45,119 --> 01:32:48,509
That's okay. Because we all know
John or white folks, and then

1550
01:32:48,509 --> 01:32:56,639
they're ignorant motherfuckers.
Like you? Yes. Oh, boy, we could

1551
01:32:56,639 --> 01:32:58,289
go on for hours. But let's not

1552
01:32:58,890 --> 01:33:02,250
know, we'll be back on Thursday.
We'll be back on the Thursday.

1553
01:33:02,280 --> 01:33:02,610
Yeah. So

1554
01:33:02,610 --> 01:33:06,150
we're going to try and do
Thursday and and Sundays in the

1555
01:33:06,150 --> 01:33:06,630
morning.

1556
01:33:17,880 --> 01:33:22,710
In the morning, and we'll have
our jingles. Hopefully by next

1557
01:33:22,710 --> 01:33:23,130
week.

1558
01:33:23,670 --> 01:33:26,250
If you can write them for me, I
think I can probably get

1559
01:33:27,119 --> 01:33:30,389
done to this weekend. A bunch of
things do I also got to put my

1560
01:33:30,389 --> 01:33:37,229
list of donors on the blog and
the couple other things I gotta

1561
01:33:37,229 --> 01:33:38,879
do. I'm behind in my work,

1562
01:33:38,939 --> 01:33:44,789
and why don't you open up an
Amazon account for us? To sell

1563
01:33:44,789 --> 01:33:48,329
work or no Amazon? a PayPal
account or something? Something

1564
01:33:48,329 --> 01:33:49,019
for the show?

1565
01:33:49,500 --> 01:33:52,410
Yeah, I have. I have a PayPal
account. I'm using now to

1566
01:33:52,410 --> 01:33:55,890
collect money but we do have a
separate one. Or you just set up

1567
01:33:55,890 --> 01:33:57,690
a subdomain on that one. Yeah,

1568
01:33:57,690 --> 01:34:01,050
I mean, I trust you right, you
know? Yes. Yeah. So as far as I

1569
01:34:01,050 --> 01:34:01,800
can throw you

1570
01:34:05,729 --> 01:34:08,159
everybody's got the image of you
trying to throw some big fat

1571
01:34:08,159 --> 01:34:08,489
guy.

1572
01:34:08,520 --> 01:34:10,320
Yeah, cuz I think what we're
gonna do is we're not going to

1573
01:34:10,320 --> 01:34:13,350
take any advertisement but you
know, you know what'll happen is

1574
01:34:13,350 --> 01:34:15,210
after the events of this coming
week, we're gonna have to do

1575
01:34:15,210 --> 01:34:17,820
three Shows a week just to just
to keep people safe and to keep

1576
01:34:17,820 --> 01:34:20,100
them from going out and killing
you know, we're gonna have to

1577
01:34:20,460 --> 01:34:25,680
continue to unveil the mask as
we disconnect the batteries of

1578
01:34:25,680 --> 01:34:26,760
the New World Order.

1579
01:34:28,920 --> 01:34:30,600
Here we go. I liked that one.
That's a good

1580
01:34:30,600 --> 01:34:33,360
one, isn't it? Disconnecting the
batteries of the New World

1581
01:34:33,360 --> 01:34:40,170
Order? crackpot in the buzzkill
on the lookout. Write that down

1582
01:34:40,170 --> 01:34:40,530
so Dave

1583
01:34:40,529 --> 01:34:44,999
can come running it down now as
we speak, okay. And I still got

1584
01:34:44,999 --> 01:34:53,249
work to do, geez. Anyway. Good
show.

1585
01:34:55,170 --> 01:34:59,610
Coming to you from southwest
London and Gitmo nation east, in

1586
01:34:59,610 --> 01:35:01,680
the basement. of curry
terrorists. I'm Adam curry.

1587
01:35:03,000 --> 01:35:06,600
I'm on the Hill in northern
Silicon Valley the Gitmo nation

1588
01:35:07,410 --> 01:35:09,720
will talk to you again next
week. What was your name again?

1589
01:35:10,229 --> 01:35:11,279
John C. Dvorak.

1590
01:35:11,909 --> 01:35:16,229
We'll talk again next Thursday.
Right here on no agenda.

