Hey guys, Saga and Crystal here.

Hey guys, Saga and Crystal here.

Independent media just played a truly massive role in this election and we are so excited about what that means for the future of the show.

Independent media just played a truly massive role in this election and we are so excited about what that means for the future of the show.

This is the only place where you can find honest perspectives from the left and the right that simply does not exist anywhere else.

This is the only place where you can find honest perspectives from the left and the right that simply does not exist anywhere else.

So if that is something that's important to you, please go to Breakingpoints dot com. Become a member today and you'll get access to our full shows, unedited, ad free and all put together for you every morning in your inbox.

So if that is something that's important to you, please go to Breakingpoints dot com. Become a member today and you'll get access to our full shows, unedited, ad free and all put together for you every morning in your inbox.

We need your help to build the future of independent news media and we hope to see you at Breakingpoints dot com. Good morning, everybody, Happy Thursday. Have an amazing show for everybody today. What do we have, Crystal?

We need your help to build the future of independent news media and we hope to see you at Breakingpoints dot com. Good morning, everybody, Happy Thursday. Have an amazing show for everybody today. What do we have, Crystal?

Indeed, we do many big stories as per usual. So recession fears continue to mount. After some comments from the Fed Shair Jerome Pal yesterday, a significant Tesla investor is now calling for Elon to step down as CEO. So a lot that's interesting going on there with Tesla ground invasion officially begins in Gaza. We'll take a look at what is going on there and the US response. We've got a bunch of updates on the various court battles that are playing out, including how Elon is now giving money to Republicans who back his calls to impeach Judges. Some new data is revealing the details of how exactly Democrats lost, and some really stunning information there to parse through. I'm taking a look at how Trump is punishing the state of Maine and what it could mean for you specifically in this new era. And we are officially entering abundance discourse. Derek Thompson is going to join us for an interview about his new book and the political theory that he is.

Indeed, we do many big stories as per usual. So recession fears continue to mount. After some comments from the Fed Shair Jerome Pal yesterday, a significant Tesla investor is now calling for Elon to step down as CEO. So a lot that's interesting going on there with Tesla ground invasion officially begins in Gaza. We'll take a look at what is going on there and the US response. We've got a bunch of updates on the various court battles that are playing out, including how Elon is now giving money to Republicans who back his calls to impeach Judges. Some new data is revealing the details of how exactly Democrats lost, and some really stunning information there to parse through. I'm taking a look at how Trump is punishing the state of Maine and what it could mean for you specifically in this new era. And we are officially entering abundance discourse. Derek Thompson is going to join us for an interview about his new book and the political theory that he is.

Sharing here with Ezra Klin.

Sharing here with Ezra Klin.

Yeah, I'm excited to talk to him. This book taking there's a lot of discourse around it. If you're not aware of that discourse, God bless you, you know you're actually you're doing the right thing staying out.

Yeah, I'm excited to talk to him. This book taking there's a lot of discourse around it. If you're not aware of that discourse, God bless you, you know you're actually you're doing the right thing staying out.

That's for you to be aware of.

That's for you to be aware of.

That's for the nerds like us. You can enter in just a little bit and that can be your own introduction. But like Crystal said, let's go ahead and get to the recession watch. So there have been some very interesting comments here from the Federal Reserve Chairman Jerome Powell about the possibility of recessions some worrying data. Let's take a listen.

That's for the nerds like us. You can enter in just a little bit and that can be your own introduction. But like Crystal said, let's go ahead and get to the recession watch. So there have been some very interesting comments here from the Federal Reserve Chairman Jerome Powell about the possibility of recessions some worrying data. Let's take a listen.

There's always an unconditional probability possibility of a recession. It might be broadly in the range of one in four at any time. If you look back through the years, it could be within twelve months one and four chance of a recession. So the question is whether that whether this current situation, those possibilities are elevated. I will say this, don't. We don't make such a forecast. If you look at outside forecasts, forecasters have generally raised. Number of them have raised their possibility of a recession somewhat, but still at relatively moderate levels, you know, still in the region of the traditional because they were extremely low. If you go back two months, people were saying that the likelihood of a recession was extremely low. So has moved up, but it's not high. So let me say that it is going to be very difficult to have a precise assessment of how much of inflation is coming from tariffs and from other and that's already the case. You may have seen that goods inflation moved up pretty significantly in the first two months of the year. Trying to track that back to actual tariff increases given what was tariff and what was not very very challenging, so some of it, the answer is clearly some of it A good part of it.

There's always an unconditional probability possibility of a recession. It might be broadly in the range of one in four at any time. If you look back through the years, it could be within twelve months one and four chance of a recession. So the question is whether that whether this current situation, those possibilities are elevated. I will say this, don't. We don't make such a forecast. If you look at outside forecasts, forecasters have generally raised. Number of them have raised their possibility of a recession somewhat, but still at relatively moderate levels, you know, still in the region of the traditional because they were extremely low. If you go back two months, people were saying that the likelihood of a recession was extremely low. So has moved up, but it's not high. So let me say that it is going to be very difficult to have a precise assessment of how much of inflation is coming from tariffs and from other and that's already the case. You may have seen that goods inflation moved up pretty significantly in the first two months of the year. Trying to track that back to actual tariff increases given what was tariff and what was not very very challenging, so some of it, the answer is clearly some of it A good part of it.

So that was Federal Reserve Chairman. He's trying to tamp down any talk of recession, but he is saying that it is going up higher. Also talking there about inflation, key, because of course Federal Reserve policy is deeply tied to inflation. This comes on the heels of major announcement from the Trump administration, the ready ing of the biggest tariff regime.

So that was Federal Reserve Chairman. He's trying to tamp down any talk of recession, but he is saying that it is going up higher. Also talking there about inflation, key, because of course Federal Reserve policy is deeply tied to inflation. This comes on the heels of major announcement from the Trump administration, the ready ing of the biggest tariff regime.

Now.

Now.

Yet let's put it up there on the screen from Jeff Stein. Trump aids are prepping new tariffs on imports worth trillions for quote Liberation Day. So you'll all recall this was Donald Trump's promise from the State of the Union he will be doing reciprocal tariffs quote, but just quote from him was that it will be Liberation Day. He's doing it April second and not April first, because he doesn't want anyone to think that it's in April. Ruld's joke. The question is what exactly this is going to look like, and it's in implementation. It's genuinely all matters. So the idea behind it it actually, I think is when I could get behind. The idea behind it is we will charge anyone a tariff that they charge for us. But the question is about, like with the USMCA and the automakers, is how much of a tariff and how many times? Because part of the problem is we live in a hyper globalized economy where parts will often move across our border some fifteen to twenty times before it will end up in a finished vehicle. Is it like the whole assembly will be subject to the tariff or will it be one that is applied every single time. There's also, I mean, there's bigger questions here where even if in principle you could support reciprocal tariff, there are some tariffs where reciprocity is eaten on the back end, so like for a car, for example, but we'll still have a trade start plus in another good. The idea is to try and equalize everything. He but the implementation of it is just almost certainly going to lead to a lot of tariffs. And that's just one where it comes on the heels of a story from the Trump administration so far, which has been chaotic. This one I do think they have a better narrative on their side. Instead of like we're bullying Canada to be the fifty first state, We're like, listen, we're going to charge everybody what they charge us. But as I always say, it has to be charged with the paired with the story. It cannot be one where people think that it's just going to lead to higher prices. We need to see some serious movement. There's been some, I mean Nvidia announced yesterday they're going to onshore some stuff. But it's not just about you know, talk, You actually have to see some action. You really need to have a lot of faith in a lot of trust, and considering how things have gone now for the first sixty seventy days the Trump administration, by the time those go in, they are losing a lot of trust with the American public right now.

Yet let's put it up there on the screen from Jeff Stein. Trump aids are prepping new tariffs on imports worth trillions for quote Liberation Day. So you'll all recall this was Donald Trump's promise from the State of the Union he will be doing reciprocal tariffs quote, but just quote from him was that it will be Liberation Day. He's doing it April second and not April first, because he doesn't want anyone to think that it's in April. Ruld's joke. The question is what exactly this is going to look like, and it's in implementation. It's genuinely all matters. So the idea behind it it actually, I think is when I could get behind. The idea behind it is we will charge anyone a tariff that they charge for us. But the question is about, like with the USMCA and the automakers, is how much of a tariff and how many times? Because part of the problem is we live in a hyper globalized economy where parts will often move across our border some fifteen to twenty times before it will end up in a finished vehicle. Is it like the whole assembly will be subject to the tariff or will it be one that is applied every single time. There's also, I mean, there's bigger questions here where even if in principle you could support reciprocal tariff, there are some tariffs where reciprocity is eaten on the back end, so like for a car, for example, but we'll still have a trade start plus in another good. The idea is to try and equalize everything. He but the implementation of it is just almost certainly going to lead to a lot of tariffs. And that's just one where it comes on the heels of a story from the Trump administration so far, which has been chaotic. This one I do think they have a better narrative on their side. Instead of like we're bullying Canada to be the fifty first state, We're like, listen, we're going to charge everybody what they charge us. But as I always say, it has to be charged with the paired with the story. It cannot be one where people think that it's just going to lead to higher prices. We need to see some serious movement. There's been some, I mean Nvidia announced yesterday they're going to onshore some stuff. But it's not just about you know, talk, You actually have to see some action. You really need to have a lot of faith in a lot of trust, and considering how things have gone now for the first sixty seventy days the Trump administration, by the time those go in, they are losing a lot of trust with the American public right now.

Yeah, I mean, they've already kind of given tariffs a bad name. And so if they had started with like we're doing, you know, tip for tat, they have tariffs on us, we're going to do the same thing recip I do think that that probably narrative would have landed better with the American public. But at this point, and I find this to be unfortunate because I'm actually worried about this, just like killing the good name of tariffs for all time, because they are an important tool in order to build up, you know, your industrial capacity or you know, emphasize key industries, et cetera. So an important tool to have in the arsenal, and they've sort of poisoned the very word tariffs already in my opinion in these early days of the administration. Either way, how we feel about them, it is Tosager's point going to be a if he follows through etcetera, etcetera, a significant increase in the tariff regime. I'm really not sure that Wall Street has entirely grappled with this, because I think they've always had this sense of, ah, he doesn't really mean it, He's going to back off, and they have some reason to believe that at this point, since he has gone in and backed off partially, et cetera multiple times at this point. So there could be you know, a huge reaction if he goes forward with quote unquote Liberation Day. I'm calling it l day on April second. Another thing I was reading about this morning is just in terms of the bigger picture, of where we are economically. You know, the Trump administration is betting that there is a decent amount of sort of economic buffer because some of those macroeconomic numbers you know, coming out of the Biden administration were in fact good. You know, unemployment was really low, for example, and consumer sentiment was coming back up. But we know because we've been we're covering this the whole time. There were significant warning signs in the housing market, like the housing market has not been normal in a really long time. Things have been just kind of like frozen in place for years. At this point, you also had a situation where consumers, yes, they were maintaining their spending level, but they were increasingly having to rely on credit cards in order to be able to do that. So that indicates that they aren't really in a position to absorb much of a shock at all if there is an economic downturn, if hiring does begin to freeze, if you know, if layoffs do start, if the stock market does continue its downward trajectory, so they may not have as much of a buffer zone as you might think if you were just looking at those top line macroeconomic numbers. On the other hand, you know, consumer sentiment was pretty low during most of the Biden administration, and it didn't actually represent it did not actually lead to a decrease.

Yeah, I mean, they've already kind of given tariffs a bad name. And so if they had started with like we're doing, you know, tip for tat, they have tariffs on us, we're going to do the same thing recip I do think that that probably narrative would have landed better with the American public. But at this point, and I find this to be unfortunate because I'm actually worried about this, just like killing the good name of tariffs for all time, because they are an important tool in order to build up, you know, your industrial capacity or you know, emphasize key industries, et cetera. So an important tool to have in the arsenal, and they've sort of poisoned the very word tariffs already in my opinion in these early days of the administration. Either way, how we feel about them, it is Tosager's point going to be a if he follows through etcetera, etcetera, a significant increase in the tariff regime. I'm really not sure that Wall Street has entirely grappled with this, because I think they've always had this sense of, ah, he doesn't really mean it, He's going to back off, and they have some reason to believe that at this point, since he has gone in and backed off partially, et cetera multiple times at this point. So there could be you know, a huge reaction if he goes forward with quote unquote Liberation Day. I'm calling it l day on April second. Another thing I was reading about this morning is just in terms of the bigger picture, of where we are economically. You know, the Trump administration is betting that there is a decent amount of sort of economic buffer because some of those macroeconomic numbers you know, coming out of the Biden administration were in fact good. You know, unemployment was really low, for example, and consumer sentiment was coming back up. But we know because we've been we're covering this the whole time. There were significant warning signs in the housing market, like the housing market has not been normal in a really long time. Things have been just kind of like frozen in place for years. At this point, you also had a situation where consumers, yes, they were maintaining their spending level, but they were increasingly having to rely on credit cards in order to be able to do that. So that indicates that they aren't really in a position to absorb much of a shock at all if there is an economic downturn, if hiring does begin to freeze, if you know, if layoffs do start, if the stock market does continue its downward trajectory, so they may not have as much of a buffer zone as you might think if you were just looking at those top line macroeconomic numbers. On the other hand, you know, consumer sentiment was pretty low during most of the Biden administration, and it didn't actually represent it did not actually lead to a decrease.

In consumer spending.

In consumer spending.

So last time Tiger and I were talking about, Oh, this consumer sentiment index that's really important.

So last time Tiger and I were talking about, Oh, this consumer sentiment index that's really important.

It's falling off a cliff.

It's falling off a cliff.

People are really nervous, their inflation expectations are high, et cetera.

People are really nervous, their inflation expectations are high, et cetera.

Sometimes oftentimes that can.

Sometimes oftentimes that can.

Lead to a sort of like self fulfilling prophecy, or because consumers are nervous, they pull back, and retailers are looking at that consumer sentiment and they're pulling back as well. But that is not always always the case. So you know, there's a lot of mixed signals here. But I don't think there's any doubt that if they move forward to the full extent on April second, there is going to be a significant blow. And I mean Jerome pal said as much. You know, in his very like Federal Reserve chairs, their whole thing is to be is sort of like neutral and non inflammatory as possible because they know how closely everybody parses every single word. But basically it's like, yeah, terroriff's lead to more inflation and lower growth. That's what we are increasingly expecting is growth to be lower than what was previously projected and for us to have to worry more about inflation. I just saw soccer this morning. Trump is out, of course, he's very upset. He wants the Federal Reserve to cut rates, et cetera, to help him with his tariff policy, and right now the Fed is not going along with that.

Lead to a sort of like self fulfilling prophecy, or because consumers are nervous, they pull back, and retailers are looking at that consumer sentiment and they're pulling back as well. But that is not always always the case. So you know, there's a lot of mixed signals here. But I don't think there's any doubt that if they move forward to the full extent on April second, there is going to be a significant blow. And I mean Jerome pal said as much. You know, in his very like Federal Reserve chairs, their whole thing is to be is sort of like neutral and non inflammatory as possible because they know how closely everybody parses every single word. But basically it's like, yeah, terroriff's lead to more inflation and lower growth. That's what we are increasingly expecting is growth to be lower than what was previously projected and for us to have to worry more about inflation. I just saw soccer this morning. Trump is out, of course, he's very upset. He wants the Federal Reserve to cut rates, et cetera, to help him with his tariff policy, and right now the Fed is not going along with that.

That's still in a quote wait and see policy. And yeah, I mean I am worried to just about all these crazy shocks to the market, because what you'll have is, like, you know, stocks were up yesterday on the SPED chairman's talk about not lack of recession and about possibility of cutting rates, but then you could have a major terif regime, and then the Federal Reserve would try and come in maybe save the economy and cut rates low. We just have this just chaos. That's what people don't want to see. And you're starting to see some pushback. I mean, mainly it's not just Wall Street, I would say, it's really the financial press itself is just having a lot of difficulty dealing with all of this. So here's Maria Bartriomo from Fox Business. By no means somebody who is adversarial usually to the Trump administration. But you know, you got to watch this versus her the Treasury Secretary, Scott Besstt. Let's take a listen.

That's still in a quote wait and see policy. And yeah, I mean I am worried to just about all these crazy shocks to the market, because what you'll have is, like, you know, stocks were up yesterday on the SPED chairman's talk about not lack of recession and about possibility of cutting rates, but then you could have a major terif regime, and then the Federal Reserve would try and come in maybe save the economy and cut rates low. We just have this just chaos. That's what people don't want to see. And you're starting to see some pushback. I mean, mainly it's not just Wall Street, I would say, it's really the financial press itself is just having a lot of difficulty dealing with all of this. So here's Maria Bartriomo from Fox Business. By no means somebody who is adversarial usually to the Trump administration. But you know, you got to watch this versus her the Treasury Secretary, Scott Besstt. Let's take a listen.

And they have substantial tariffs and as important as the tariff or some of these non tariff barriers where they have domestic content production, where they do testing on our whether it's our food, our products that bear no resemblance to safety or anything that we do to their products.

And they have substantial tariffs and as important as the tariff or some of these non tariff barriers where they have domestic content production, where they do testing on our whether it's our food, our products that bear no resemblance to safety or anything that we do to their products.

See, these are the things that people are really worried about because they first thought it was just about trade, then they thought it was just about Fenton All. Then after that we talked about, well, maybe it's currency manipulation, and maybe it's now you're talking about food testing.

See, these are the things that people are really worried about because they first thought it was just about trade, then they thought it was just about Fenton All. Then after that we talked about, well, maybe it's currency manipulation, and maybe it's now you're talking about food testing.

And when I bring up the issue of clarity.

And when I bring up the issue of clarity.

That's that's what I'm talking about, and that's what I'm hearing from Corporate America that we're not sure where this is going, but of course we will get resolution on August.

That's that's what I'm talking about, and that's what I'm hearing from Corporate America that we're not sure where this is going, but of course we will get resolution on August.

On a April second, rather.

On a April second, rather.

So you could stay there. You know, that's about his light pushback. I think, as you're going to get but it's still important. And keeping with this, you have the chief economist here of Moody's, who has recently been giving an interview. Now, why does it matter. Remember everybody Moody's, everybody on Wall Street. It looks to them downgrading of debt, their forecast. Those forecasts get incorporated by the analysts. The analysts then put that into their overall projections, and then sometimes projections can be fulfilling because it will cost people either to sell off or to pair back, or to hoard cash allah war and buffet style. So here he is the chief economist of Moody's talking about recession. Let's take a listen.

So you could stay there. You know, that's about his light pushback. I think, as you're going to get but it's still important. And keeping with this, you have the chief economist here of Moody's, who has recently been giving an interview. Now, why does it matter. Remember everybody Moody's, everybody on Wall Street. It looks to them downgrading of debt, their forecast. Those forecasts get incorporated by the analysts. The analysts then put that into their overall projections, and then sometimes projections can be fulfilling because it will cost people either to sell off or to pair back, or to hoard cash allah war and buffet style. So here he is the chief economist of Moody's talking about recession. Let's take a listen.

There's a lot of talk about reciprocal terriffs, that's broad based tariffs coming into effect in a couple of weeks I think early up April that actually happens in those turiffs stay in place, bringing length to time couple three four five minths. I think that's enough to push the economy into recession given everything else that's going on. So you know, this would be this is a this would be a really weird recession, right, I mean, it's recession by design. You know, the economy came into the year rip raw and exceptionally strong, and we're pushing it in because of policy it just doesn't feel like, you know, that's the direction we need to go.

There's a lot of talk about reciprocal terriffs, that's broad based tariffs coming into effect in a couple of weeks I think early up April that actually happens in those turiffs stay in place, bringing length to time couple three four five minths. I think that's enough to push the economy into recession given everything else that's going on. So you know, this would be this is a this would be a really weird recession, right, I mean, it's recession by design. You know, the economy came into the year rip raw and exceptionally strong, and we're pushing it in because of policy it just doesn't feel like, you know, that's the direction we need to go.

Look, that's Wall Street. It could be wrong, and we also could have the old Trump like, yeah, we're doing this, we're doing this, we're doing this, and then we're not doing this, so we have no idea. They could pull back. I mean, that's part of what I always think is that the danger always is that if you have a tariff regime and you go to the bat for tariffs, but then you pull back, you don't you both get like the market reaction to tariffs, and then you don't get any benefit of tariffs. That's the problem. So I am worried about this just in the sense of this has to be implemented properly and needs to have a plan, and needs to be paired with something real, Like it's not just in video and open AI giving talks. Look, I think it's great that Nvidia is gonna onshore hundreds of millions of dollars, but like, let's look at reality from the Chips Act and all that. Yes, it definitely helped, but a lot of that money he did not go to a lot of the declining states. It states that were already open for business and that we're kind of booming places like Arizona. Right. Yeah, look, I had nothing against Arizona. I'm glad. But you know, part of the whole idea behind tariffs, why the UAW and others support them, is also to revitalize areas that are economically declining, and we have not seen that as of yet from the states of Ohio, you know, Pennsylvania, of Michigan. A lot of the economic growth if you look like in Pennsylvania, a lot of it is healthcare, which that's a problem. I think that's not really a tariff thing that you can necessarily solve without some direct government intervention. So look, they're playing with shaky ground. Yeah, if you screw people's money, they're gonna get mad. And it's one of those where you can do damage to yourself in the future and you may both go to the bat for something and then end up losing, which in my opinion puts you in all the worst world.

Look, that's Wall Street. It could be wrong, and we also could have the old Trump like, yeah, we're doing this, we're doing this, we're doing this, and then we're not doing this, so we have no idea. They could pull back. I mean, that's part of what I always think is that the danger always is that if you have a tariff regime and you go to the bat for tariffs, but then you pull back, you don't you both get like the market reaction to tariffs, and then you don't get any benefit of tariffs. That's the problem. So I am worried about this just in the sense of this has to be implemented properly and needs to have a plan, and needs to be paired with something real, Like it's not just in video and open AI giving talks. Look, I think it's great that Nvidia is gonna onshore hundreds of millions of dollars, but like, let's look at reality from the Chips Act and all that. Yes, it definitely helped, but a lot of that money he did not go to a lot of the declining states. It states that were already open for business and that we're kind of booming places like Arizona. Right. Yeah, look, I had nothing against Arizona. I'm glad. But you know, part of the whole idea behind tariffs, why the UAW and others support them, is also to revitalize areas that are economically declining, and we have not seen that as of yet from the states of Ohio, you know, Pennsylvania, of Michigan. A lot of the economic growth if you look like in Pennsylvania, a lot of it is healthcare, which that's a problem. I think that's not really a tariff thing that you can necessarily solve without some direct government intervention. So look, they're playing with shaky ground. Yeah, if you screw people's money, they're gonna get mad. And it's one of those where you can do damage to yourself in the future and you may both go to the bat for something and then end up losing, which in my opinion puts you in all the worst world.

I mean, in the terms of the politics of this, we are in very unusual territory with regard to Donald Trump, where his number on the economy right now are some of his lowest numbers. Yes, and it comes at a time when the economy cost of living inflation, the importance of that to Americans is only going up right now. So the fact that he is, you know, being seen right now increasingly is failing to deliver on what was one of the core promises of his campaign and what has always been one of the core promises of him as a leader and as a political candidate.

I mean, in the terms of the politics of this, we are in very unusual territory with regard to Donald Trump, where his number on the economy right now are some of his lowest numbers. Yes, and it comes at a time when the economy cost of living inflation, the importance of that to Americans is only going up right now. So the fact that he is, you know, being seen right now increasingly is failing to deliver on what was one of the core promises of his campaign and what has always been one of the core promises of him as a leader and as a political candidate.

Yeah, it's a you know, it's a big issue for him.

Yeah, it's a you know, it's a big issue for him.

And you couple that with talking about, you know, the reconciliation coming down, big tax cuts for the rich, cuts probably to medicaid, a tax on social security that people are very concerned about, very concerned about about. In fact, the data segment that will probably get to today, assuming that we don't talk too long in these other blocks. One of the things they found is that the most effective message right now about Trump is he is cutting taxes for the rich and cutting your social security and your medicare. So a lot of or less political ground that he's on right now.

And you couple that with talking about, you know, the reconciliation coming down, big tax cuts for the rich, cuts probably to medicaid, a tax on social security that people are very concerned about, very concerned about about. In fact, the data segment that will probably get to today, assuming that we don't talk too long in these other blocks. One of the things they found is that the most effective message right now about Trump is he is cutting taxes for the rich and cutting your social security and your medicare. So a lot of or less political ground that he's on right now.

All right, let's get over to Tesla. This is really interesting stuff happening with the stock now. You might even ask why does it matter with the stock, Well, if the Elon's going to be major player in our government. Actually, maybe we can edit this in later. This is maybe an ask to our producers. The Commerce Secretary late last night I literally went on television to encourage people to buy Tesla's stock. I mean, I can only assume that it's not even just about personal interest there, but like they see that as an existential threat to Elon, to Doge and their ability to be able to carry their things out. So the fate of this company does obviously matter, not only in terms.

All right, let's get over to Tesla. This is really interesting stuff happening with the stock now. You might even ask why does it matter with the stock, Well, if the Elon's going to be major player in our government. Actually, maybe we can edit this in later. This is maybe an ask to our producers. The Commerce Secretary late last night I literally went on television to encourage people to buy Tesla's stock. I mean, I can only assume that it's not even just about personal interest there, but like they see that as an existential threat to Elon, to Doge and their ability to be able to carry their things out. So the fate of this company does obviously matter, not only in terms.

Of that, not only that, I mean Trump was hogging Tesla's in the launch. So this is like a hole of government effort to prop up a preface the stock of yes of the richest man on the entire planet.

Of that, not only that, I mean Trump was hogging Tesla's in the launch. So this is like a hole of government effort to prop up a preface the stock of yes of the richest man on the entire planet.

So there you go. All it makes a lot of sense sticking with that. Not only prior prior to Doge Elon, we often saw Tesla the most successful American cars startup of all time, especially in modern history. So what does that matter? Well, you know, we had bet that electric vehicles are going to be part of some of our future. May not be everything, but you know, we want to have some leadership in the area. And at the very same time that we're seeing troubles in our electric vehicle market and in our companies byd is leaping bounds of what is possible. So let's start off here. This is a major investor in Tesla who took to the airwaves and basically publicly said, I think there needs to be a new CEO because he's just not spending a lot of time on this company. This is Ross Gerber. Let's take a listen.

So there you go. All it makes a lot of sense sticking with that. Not only prior prior to Doge Elon, we often saw Tesla the most successful American cars startup of all time, especially in modern history. So what does that matter? Well, you know, we had bet that electric vehicles are going to be part of some of our future. May not be everything, but you know, we want to have some leadership in the area. And at the very same time that we're seeing troubles in our electric vehicle market and in our companies byd is leaping bounds of what is possible. So let's start off here. This is a major investor in Tesla who took to the airwaves and basically publicly said, I think there needs to be a new CEO because he's just not spending a lot of time on this company. This is Ross Gerber. Let's take a listen.

I think we all make choices with our time, and Elon doesn't get more than twenty four hours a day just because he's Elon. So we make choices all of us. Do do we spend time with our family, do we go golfing?

I think we all make choices with our time, and Elon doesn't get more than twenty four hours a day just because he's Elon. So we make choices all of us. Do do we spend time with our family, do we go golfing?

Do we work? And how we.

Do we work? And how we.

Do this is, you know, each individual chooses, and so Elon chooses to work, you know, all the time. But you can only work so many hours a day. So it's twenty four, right, and he's sleeps so so there's no question he's been committed to his job at the government. That's where he's spending his time. He is not running Tesla. And you know that's why I'm going to say it. I think Tesla needs a new CEO. And I decided today I was going to start saying it. And so this is the first show that I'm saying it on. It's time for somebody to run Tesla. The business has been neglected for too long. There's too many important things Tesla's doing. So either Elon should come back to Tesla and be the CEO of Tesla and give up his other jobs, or he should focus on the government, keep doing what he's doing, but find a suitable CEO for Tesla.

Do this is, you know, each individual chooses, and so Elon chooses to work, you know, all the time. But you can only work so many hours a day. So it's twenty four, right, and he's sleeps so so there's no question he's been committed to his job at the government. That's where he's spending his time. He is not running Tesla. And you know that's why I'm going to say it. I think Tesla needs a new CEO. And I decided today I was going to start saying it. And so this is the first show that I'm saying it on. It's time for somebody to run Tesla. The business has been neglected for too long. There's too many important things Tesla's doing. So either Elon should come back to Tesla and be the CEO of Tesla and give up his other jobs, or he should focus on the government, keep doing what he's doing, but find a suitable CEO for Tesla.

So you are saying, essentially, if he's not prepared to quit that government job, he needs to go.

So you are saying, essentially, if he's not prepared to quit that government job, he needs to go.

Yeah, I think it's time.

Yeah, I think it's time.

So you the reason why that matters is he's a major investor in Tesla and there are a lot of Tesla investors who are upset. I'm looking at the stock right now. It's a flat basically on the last six months. Let's go and put that tear sheet please up on the screen here, because it fits with the broader pattern of people inside of the company are deciding that they're going to sell off. So put the next tearsheet up. B Two Tesla board members and executive are selling off over one hundred million dollars of stock in recent weeks.

So you the reason why that matters is he's a major investor in Tesla and there are a lot of Tesla investors who are upset. I'm looking at the stock right now. It's a flat basically on the last six months. Let's go and put that tear sheet please up on the screen here, because it fits with the broader pattern of people inside of the company are deciding that they're going to sell off. So put the next tearsheet up. B Two Tesla board members and executive are selling off over one hundred million dollars of stock in recent weeks.

Never a good sign.

Never a good sign.

Not a good sign. Yeah. Usually together the four top officers of the company have offloaded one hundred million in shares just since early February. It's likely that this is a result of the fact that it bumped so high immediately after the election. But you know, the truth is is that if it's flat on the last six months, it's erased all of its pre election gains. And broadly, like, the company does have issues. I mean, if you look not only at the demand, but you've got the brand stuff which is currently happening, put B three pleas on the screen so people can see this. Yeah, I mean, if you look at the decline overall, the year to date decline, specifically that's from January, so that was really where elections are, and we're talking about a thirty seven percent decline in the overall stock value of the company. And there are issues both with their current sales. They're branding right now. You also have to think, like, who are the people who are buying teslas. They're mostly like rich people, and like rich people are usually liberals in this country, especially the type of people who are going to be attracted to an EV. So I've been seeing people like we need to make buying the cyber truck like a major part and I'm like, well, you know, it's like a eighty five thousand dollars vehicle. Yeah, not to say that there aren't a lot of poor people out there driving eighty five thousand dollars Ford F one fifties or whatever. They shouldn't be doing that either. But my point is just if you look at the general demographic of who their customer is, on top of the political brand hit that they're taking, and if you also see if Tesla's a global company, elon, you know, he might be popular or whatever with Republicans here that's fifty percent of our country. But you know, we have to think about Germany. We have to think about the global marketplace, and the biggest problem they face there is as well, his brand is becoming polarizing. Byd cars are only getting better, and in those countries you can buy a b Wyd car, you can buy a Jamie car. You can't buy one here. So in a way, he's actually protected a little bit in the United States. But their stock value depends very much on sales globally, in China, in Germany, in the European Union, in fact, I mean the use case for an EV in every other country. But the United States is much better just because it's small. You don't have to drive that much, and they have better infrastructure than US too, So yeah, you rarely have to think just about what that future value is. And I mean it makes sense if you're Ross Gerbert, like purely from a financial perspective, you're like, listen, I mean you're literally I mean gave you an interview to Ted Cruz and he's like, I sleep six hours a night and I wake I work every single other hour. And he's like, and this is all I'm working on. It's on does It's like, okay, well you literally CEO and these companies, So how much attention can you realistically give this here? I mean people have always said that about Elon, but it's a little bit different when you're focused on government as opposed to running two or three other kind of interconnected businesses yea at the same time.

Not a good sign. Yeah. Usually together the four top officers of the company have offloaded one hundred million in shares just since early February. It's likely that this is a result of the fact that it bumped so high immediately after the election. But you know, the truth is is that if it's flat on the last six months, it's erased all of its pre election gains. And broadly, like, the company does have issues. I mean, if you look not only at the demand, but you've got the brand stuff which is currently happening, put B three pleas on the screen so people can see this. Yeah, I mean, if you look at the decline overall, the year to date decline, specifically that's from January, so that was really where elections are, and we're talking about a thirty seven percent decline in the overall stock value of the company. And there are issues both with their current sales. They're branding right now. You also have to think, like, who are the people who are buying teslas. They're mostly like rich people, and like rich people are usually liberals in this country, especially the type of people who are going to be attracted to an EV. So I've been seeing people like we need to make buying the cyber truck like a major part and I'm like, well, you know, it's like a eighty five thousand dollars vehicle. Yeah, not to say that there aren't a lot of poor people out there driving eighty five thousand dollars Ford F one fifties or whatever. They shouldn't be doing that either. But my point is just if you look at the general demographic of who their customer is, on top of the political brand hit that they're taking, and if you also see if Tesla's a global company, elon, you know, he might be popular or whatever with Republicans here that's fifty percent of our country. But you know, we have to think about Germany. We have to think about the global marketplace, and the biggest problem they face there is as well, his brand is becoming polarizing. Byd cars are only getting better, and in those countries you can buy a b Wyd car, you can buy a Jamie car. You can't buy one here. So in a way, he's actually protected a little bit in the United States. But their stock value depends very much on sales globally, in China, in Germany, in the European Union, in fact, I mean the use case for an EV in every other country. But the United States is much better just because it's small. You don't have to drive that much, and they have better infrastructure than US too, So yeah, you rarely have to think just about what that future value is. And I mean it makes sense if you're Ross Gerbert, like purely from a financial perspective, you're like, listen, I mean you're literally I mean gave you an interview to Ted Cruz and he's like, I sleep six hours a night and I wake I work every single other hour. And he's like, and this is all I'm working on. It's on does It's like, okay, well you literally CEO and these companies, So how much attention can you realistically give this here? I mean people have always said that about Elon, but it's a little bit different when you're focused on government as opposed to running two or three other kind of interconnected businesses yea at the same time.

And that's one of the knocks on Tesla is that the inventory right now is stale, that Elon's attention is elsewhere, and so you know, it's not his baby anymore the way that it used to be. It's not his like obsession of the moment, and this is a man who's known for glorious obsessions, and so that's part of it, I mean, but the biggest part is just how toxic he's become and how polarizing he's become, and not just in the US. But you know, we tracked before. The sales in Europe have fallen off a cliff.

And that's one of the knocks on Tesla is that the inventory right now is stale, that Elon's attention is elsewhere, and so you know, it's not his baby anymore the way that it used to be. It's not his like obsession of the moment, and this is a man who's known for glorious obsessions, and so that's part of it, I mean, but the biggest part is just how toxic he's become and how polarizing he's become, and not just in the US. But you know, we tracked before. The sales in Europe have fallen off a cliff.

In Germany. I saw a stat they did a poll. It was like.

In Germany. I saw a stat they did a poll. It was like.

Ninety four percent of German said that they would not not even consider buying a Tesla. And as Sager said, there are other options, and it's not like in Europe in particular, people are buying fewer evs overall. Quite the contrary, the percent of new vehicles that are being purchased that are EV's continues to be on the rise, and yet Tesla sales, like in Germany are down sixty percent. I mean it just at some point it becomes a real problem. Also, just to flag something, to keep an eye on something, I'm going to keep an eye on. The Financial Times has an article today calling into question some of the accounting with Tesla flagging as sort of one point four billion dollars that is questionable of what's going on and where it went, et cetera. So there may be a lot more going on there, but THETTOM line is Elon is toxic.

Ninety four percent of German said that they would not not even consider buying a Tesla. And as Sager said, there are other options, and it's not like in Europe in particular, people are buying fewer evs overall. Quite the contrary, the percent of new vehicles that are being purchased that are EV's continues to be on the rise, and yet Tesla sales, like in Germany are down sixty percent. I mean it just at some point it becomes a real problem. Also, just to flag something, to keep an eye on something, I'm going to keep an eye on. The Financial Times has an article today calling into question some of the accounting with Tesla flagging as sort of one point four billion dollars that is questionable of what's going on and where it went, et cetera. So there may be a lot more going on there, but THETTOM line is Elon is toxic.

Figure.

Figure.

The car has become itself very polarizing, and most people are not looking to make a political statement with the vehicle that they're driving. They just want to like have a car that's good and drive it and not get dirty looks from whoever while they're driving it. And you know, then they've got this increased competition issue as well. I do think it's like, to me, it's very funny. Republicans, the new party of the working class organizing themselves around supporting the stock value of the company of the richest man on the planet is an entertaining subplot to all of it.

The car has become itself very polarizing, and most people are not looking to make a political statement with the vehicle that they're driving. They just want to like have a car that's good and drive it and not get dirty looks from whoever while they're driving it. And you know, then they've got this increased competition issue as well. I do think it's like, to me, it's very funny. Republicans, the new party of the working class organizing themselves around supporting the stock value of the company of the richest man on the planet is an entertaining subplot to all of it.

Sure, I mean, look, we can all do. We can do hypocrisy all we want, like.

Sure, I mean, look, we can all do. We can do hypocrisy all we want, like.

Martin del pocracy. I just think it's funny, Like.

Martin del pocracy. I just think it's funny, Like.

The Senator trading in is Tesla for Chevy gas powered vehicle, which is not even a hybrid. What's up with that? That's like, Look, I'm not saying it isn't dull like somewhat amusing, but I mean I care. I like electric vehicles and I think they're cool. So you know, I drove, actually drove past a sick EV nine today. I gotta give it to Kia. They are nailing their electric cars. I think they're really cool. But this sticks with what we were talking about earlier with BYD. Look, I mean again, any just casual observer who has no politics aside, you just have to admit BYD is sick. Let's put this up there on the screen. Look at what they just announced. They got a five minute charge charge time. They are saying that, according to them, the platform now has a charging power of one thousand killowatts, takes up to one thousand amps, which means it can charge batteries at a rate of two kilometers per second. It can give you four hundred kilometers in range in five minutes. The equivalent to charge time on a Tesla would be about two hundred miles in a range of fifteen minutes. That's if all the stars aligned, like your battery is low, you're att a two hundred fifty kilowat charger. There's nobody parked next to you, which means that you're you know, your wattage or whatever is going down. I mean a lot of this is just about the engineering marvel of what BID has been able to accomplish, and also in terms of the regulations and design that they're allowed to build over there in China. I'm genuinely convinced if we were able to do or even regulatory allowed the types of cars that they build over there, they would be huge sellers. Like in China, the concept of a vehicle with a five hundred mile gas tank and a three hundred mile battery, it's everywhere, and actually they're interconnected. I mean, think about that's eight hundred miles of range. Who would not buy that? You know, it's one of those where it's a daily driver. As far as I know, our plug in hybrids don't even go up to like forty or fifty miles. I think forty is as good as it gets here. That's just not enough, you know, if you think about YEA, So their market not only heavily subsidized by the Chinese government, they built their infrastructure and all that over time, but they've laid such a framework that they're elon the founder of BYD who himself again is a genuine engineering genius for him to be able to create this product that is just going exponential now with everything that is available to him, and if you think about the global marketplace. Again, People in Germany or wherever, they don't care if it comes from China. We care here for the integrity of our US auto market, but in a lot of other countries they don't think that way, or they just want to buy whatever is the nicest car, or they have friendlier relations with China. And so that is a direct threat to tesla'sability in the future because their whole growth project was not just America, it was the whole world.

The Senator trading in is Tesla for Chevy gas powered vehicle, which is not even a hybrid. What's up with that? That's like, Look, I'm not saying it isn't dull like somewhat amusing, but I mean I care. I like electric vehicles and I think they're cool. So you know, I drove, actually drove past a sick EV nine today. I gotta give it to Kia. They are nailing their electric cars. I think they're really cool. But this sticks with what we were talking about earlier with BYD. Look, I mean again, any just casual observer who has no politics aside, you just have to admit BYD is sick. Let's put this up there on the screen. Look at what they just announced. They got a five minute charge charge time. They are saying that, according to them, the platform now has a charging power of one thousand killowatts, takes up to one thousand amps, which means it can charge batteries at a rate of two kilometers per second. It can give you four hundred kilometers in range in five minutes. The equivalent to charge time on a Tesla would be about two hundred miles in a range of fifteen minutes. That's if all the stars aligned, like your battery is low, you're att a two hundred fifty kilowat charger. There's nobody parked next to you, which means that you're you know, your wattage or whatever is going down. I mean a lot of this is just about the engineering marvel of what BID has been able to accomplish, and also in terms of the regulations and design that they're allowed to build over there in China. I'm genuinely convinced if we were able to do or even regulatory allowed the types of cars that they build over there, they would be huge sellers. Like in China, the concept of a vehicle with a five hundred mile gas tank and a three hundred mile battery, it's everywhere, and actually they're interconnected. I mean, think about that's eight hundred miles of range. Who would not buy that? You know, it's one of those where it's a daily driver. As far as I know, our plug in hybrids don't even go up to like forty or fifty miles. I think forty is as good as it gets here. That's just not enough, you know, if you think about YEA, So their market not only heavily subsidized by the Chinese government, they built their infrastructure and all that over time, but they've laid such a framework that they're elon the founder of BYD who himself again is a genuine engineering genius for him to be able to create this product that is just going exponential now with everything that is available to him, and if you think about the global marketplace. Again, People in Germany or wherever, they don't care if it comes from China. We care here for the integrity of our US auto market, but in a lot of other countries they don't think that way, or they just want to buy whatever is the nicest car, or they have friendlier relations with China. And so that is a direct threat to tesla'sability in the future because their whole growth project was not just America, it was the whole world.

That's absolutely the case.

That's absolutely the case.

And I mean, the only thing that is saving our EV market right now is protection to some much like otherwise, forget it, it'd be over because this development is so significant. I mean, one of the primary things that keeps people from buying an EV is Look, we're Americans. We love the long road trip, and it's a pain in the ass to have to Like, you know, first of all, you're nervous about am I going to find a charger? Is it going to be broken? Like, you know, did I have the heat on too much and now my range is too low?

And I mean, the only thing that is saving our EV market right now is protection to some much like otherwise, forget it, it'd be over because this development is so significant. I mean, one of the primary things that keeps people from buying an EV is Look, we're Americans. We love the long road trip, and it's a pain in the ass to have to Like, you know, first of all, you're nervous about am I going to find a charger? Is it going to be broken? Like, you know, did I have the heat on too much and now my range is too low?

Whatever?

Whatever?

Though, what do they call it? Range anxiety? That's one of the big issues. And then okay, you get to the charger and then you got to sit there for twenty minutes at best if you have a Tesla and it's a supercharger and whatever to get a significant you know, range charge, and that's a pain in the butt, Like you want to get where you're going when you got your kids, they're man annoying, et cetera, et cetera. So if you can charge up three hundred miles in five minutes, I mean, now we're getting to where it's comparable too how long it takes to fill the tank of gas, not to matagine. This actually ties some into the abundance conversation we're going to have later too. You know, our charging network is not nearly sufficient. And then the thing that really jumped down at me in this article too is that they say that the key challenger to be white. It's not Tesla or any other you know, American or European car company or whatever. It's another Chinese battery companies of CATL. Last year they unveiled a new battery with a charge time equating to one kilometer of range per second or six hundred kilometers in ten minutes. So this is part of what we're seeing with the AI development as well. That Obviously we have strong competitors in the AI field, but China has strong competitors just internally domestically, So they have in a very short period of time leap frog to where now technologically with these like frontier technologies, they are not just competing with us in some in many instances, actually they have surpassed us, and they're kicking our butt. Like their model in terms of innovation is working better than our model, which is sort of sclerotic and financialized and you know, monopoly driven and et cetera. So this is you know, one instance of that that is really incredibly striking. And yeah, they're gonna like if we are unable to figure this technology out and catch up to them, every American ev maker is going.

Though, what do they call it? Range anxiety? That's one of the big issues. And then okay, you get to the charger and then you got to sit there for twenty minutes at best if you have a Tesla and it's a supercharger and whatever to get a significant you know, range charge, and that's a pain in the butt, Like you want to get where you're going when you got your kids, they're man annoying, et cetera, et cetera. So if you can charge up three hundred miles in five minutes, I mean, now we're getting to where it's comparable too how long it takes to fill the tank of gas, not to matagine. This actually ties some into the abundance conversation we're going to have later too. You know, our charging network is not nearly sufficient. And then the thing that really jumped down at me in this article too is that they say that the key challenger to be white. It's not Tesla or any other you know, American or European car company or whatever. It's another Chinese battery companies of CATL. Last year they unveiled a new battery with a charge time equating to one kilometer of range per second or six hundred kilometers in ten minutes. So this is part of what we're seeing with the AI development as well. That Obviously we have strong competitors in the AI field, but China has strong competitors just internally domestically, So they have in a very short period of time leap frog to where now technologically with these like frontier technologies, they are not just competing with us in some in many instances, actually they have surpassed us, and they're kicking our butt. Like their model in terms of innovation is working better than our model, which is sort of sclerotic and financialized and you know, monopoly driven and et cetera. So this is you know, one instance of that that is really incredibly striking. And yeah, they're gonna like if we are unable to figure this technology out and catch up to them, every American ev maker is going.

To be toast globally.

To be toast globally.

They will only be able to compete within the you know, protectionist regime of the United States of America, and that will be about it. And Tesla and not Tesla, Sorry, BYD is concerned about our automaker's stealing their technology. Let's put us up on the screen. This wasn't the only concern, but this was part of it. Their delaying approval Beijing is for BYD to build a plant in Mexico because they're worried that that tech is going to leak across the border to the US in some sort of like you know, corporate espionage situation. Now they have other concerns, especially with regard to you know, there's the trade war going on, and so they're nervous about some of that and how that will impact it as well. But that was apparently a primary consideration, which is quite funny how the shoe is now on the other foot.

They will only be able to compete within the you know, protectionist regime of the United States of America, and that will be about it. And Tesla and not Tesla, Sorry, BYD is concerned about our automaker's stealing their technology. Let's put us up on the screen. This wasn't the only concern, but this was part of it. Their delaying approval Beijing is for BYD to build a plant in Mexico because they're worried that that tech is going to leak across the border to the US in some sort of like you know, corporate espionage situation. Now they have other concerns, especially with regard to you know, there's the trade war going on, and so they're nervous about some of that and how that will impact it as well. But that was apparently a primary consideration, which is quite funny how the shoe is now on the other foot.

Sager.

Sager.

Yeah, it is, except they're smart enough to actually think about that beforehand and not figure it out twenty years later. It's amazing. Actually, when you have smart people who are in your country, you can do amazing things. Personally, I'm a Yang Wang guy. That's the BYD luxury suv. The thing is incredible. You can float on water, according to them. Really, yeah, it's one of those that you should look into it. I've seen some videos of people driving around and they're just they're awesome.

Yeah, it is, except they're smart enough to actually think about that beforehand and not figure it out twenty years later. It's amazing. Actually, when you have smart people who are in your country, you can do amazing things. Personally, I'm a Yang Wang guy. That's the BYD luxury suv. The thing is incredible. You can float on water, according to them. Really, yeah, it's one of those that you should look into it. I've seen some videos of people driving around and they're just they're awesome.

So Israel has quickly moved from a bombing campaign in Gaza to now a new ground invasion. Let's go ahead and put this up on the screen. This is their defence. Min is warning the residents of Gaza with total devastation. He says, this is your final warning. The first Sinoar destroyed Gaza. The second Sinoar will bring upon it total ruin. The Israeli air forces attack against Hamas Terras was only the first step. What follows will be far harsher, and you will bear the full cost. Evacuation of the population from combat zones will soon resume. If all Israeli hostages are not released and Hamas is not kicked out of Gaza, Israel will act with force you have not known before. Take the advice of the US President. Return the hostages, kick out Hamas, and new options will open up for you, including relocation to other parts of the world. For those who choose the alternative is destruction and total devastations. So I mean, obviously there's no real choice being offered here. They are headed towards that total devastation, and we already know that they've been preparing for this ground invasion and it has in fact begun. We can take a look at this map up on the screen. This will be famili year to some of you that you've got them bisecting Gaza in two. Once again, he warned, there. You know that people are going to have to be forced to flee from the rubble that's left of their homes, once again displaced. There has been a siege in place now for I believe over two weeks, so no food, no fuel, no medicine is coming in. Yesterday I saw an eyewitness report on the ground about seven children at a single hospital having to have amputations with no anesthesia whatsoever. That's what we're talking about here. So Sagar returned to absolute full force. There are some domestic political ramifications in terms of Israeli. You have amber good number of the population that want the Israeli government to focus on return of the hostages. Obviously, when you have this sort of all on assault and ground invasion with massive death tolls, death tolls like what we saw at the beginning of this war, that is not only putting Palestinians at risk, it is also putting the remaining hostages at risk as well. So yesterday there were protests in the streets. We could put this up on the screen from the New York Times. Thousands of Israelis gathered on Wednesday outside the Parliament building to renew a ceasefire deal in Gaza. To protest political moves by Prime Minister benchmin Netnaho, including firing the head of the Shinbett Intelligence Agency. The convergence of popular anger over both domestic and national security issues came a day after Israel carried out deadly aerial attacks across the Gaza Strip in what Nannah who said was only the beginning. The strikes ended a temporary truce with mas that began in January and added to uncertainty over the fate of hostages still held there. Bibe has his own, you know, I mean, obviously his own domestic political concerns, but he is this long pushed off corruption trial that was about to be was about to have to give testimony and again, oh whoops, now we're at war again, so I won't have to do that. So it's very naked to a lot of Israelis. How much of the war plan is about BB's own personal interests versus you know, like I said.

So Israel has quickly moved from a bombing campaign in Gaza to now a new ground invasion. Let's go ahead and put this up on the screen. This is their defence. Min is warning the residents of Gaza with total devastation. He says, this is your final warning. The first Sinoar destroyed Gaza. The second Sinoar will bring upon it total ruin. The Israeli air forces attack against Hamas Terras was only the first step. What follows will be far harsher, and you will bear the full cost. Evacuation of the population from combat zones will soon resume. If all Israeli hostages are not released and Hamas is not kicked out of Gaza, Israel will act with force you have not known before. Take the advice of the US President. Return the hostages, kick out Hamas, and new options will open up for you, including relocation to other parts of the world. For those who choose the alternative is destruction and total devastations. So I mean, obviously there's no real choice being offered here. They are headed towards that total devastation, and we already know that they've been preparing for this ground invasion and it has in fact begun. We can take a look at this map up on the screen. This will be famili year to some of you that you've got them bisecting Gaza in two. Once again, he warned, there. You know that people are going to have to be forced to flee from the rubble that's left of their homes, once again displaced. There has been a siege in place now for I believe over two weeks, so no food, no fuel, no medicine is coming in. Yesterday I saw an eyewitness report on the ground about seven children at a single hospital having to have amputations with no anesthesia whatsoever. That's what we're talking about here. So Sagar returned to absolute full force. There are some domestic political ramifications in terms of Israeli. You have amber good number of the population that want the Israeli government to focus on return of the hostages. Obviously, when you have this sort of all on assault and ground invasion with massive death tolls, death tolls like what we saw at the beginning of this war, that is not only putting Palestinians at risk, it is also putting the remaining hostages at risk as well. So yesterday there were protests in the streets. We could put this up on the screen from the New York Times. Thousands of Israelis gathered on Wednesday outside the Parliament building to renew a ceasefire deal in Gaza. To protest political moves by Prime Minister benchmin Netnaho, including firing the head of the Shinbett Intelligence Agency. The convergence of popular anger over both domestic and national security issues came a day after Israel carried out deadly aerial attacks across the Gaza Strip in what Nannah who said was only the beginning. The strikes ended a temporary truce with mas that began in January and added to uncertainty over the fate of hostages still held there. Bibe has his own, you know, I mean, obviously his own domestic political concerns, but he is this long pushed off corruption trial that was about to be was about to have to give testimony and again, oh whoops, now we're at war again, so I won't have to do that. So it's very naked to a lot of Israelis. How much of the war plan is about BB's own personal interests versus you know, like I said.

A lot of them.

A lot of them.

It's not that they're worried about the brutality versus these of the Palestinians predominantly not, but they are worried about being able to get their own hostages.

It's not that they're worried about the brutality versus these of the Palestinians predominantly not, but they are worried about being able to get their own hostages.

Back in one piece.

Back in one piece.

Yeah, there's also a scandal in Israel right now where Bbe fired the head of the Shinbet, like their domestic agency, and that was it's actually it's causing some like similar court battles between the Israeli courts saying that they was done illegally, which has now led to some deep state convo which is predominantly hilarious. Let's put C three pleas up on the screen from Benjamin Nett and yaho. He says, in America and in Israel, when a strong wire right wing leader wins an election, the leftist deep state weaponizes the justice system to thwart the people's will. They won't win in either place. We stand strong together, right, So tying himself directly to our own domestic political situation, I guess fairly considering how much influence they have over here. But people should always remember, you know.

Yeah, there's also a scandal in Israel right now where Bbe fired the head of the Shinbet, like their domestic agency, and that was it's actually it's causing some like similar court battles between the Israeli courts saying that they was done illegally, which has now led to some deep state convo which is predominantly hilarious. Let's put C three pleas up on the screen from Benjamin Nett and yaho. He says, in America and in Israel, when a strong wire right wing leader wins an election, the leftist deep state weaponizes the justice system to thwart the people's will. They won't win in either place. We stand strong together, right, So tying himself directly to our own domestic political situation, I guess fairly considering how much influence they have over here. But people should always remember, you know.

Look, I think Israel and replied to that too, Oh Diddy's right cool something. Yeah, that's one of the like, oh my god, dude, you are in the keep staying like, how much of the new like revealed redactions in the JFK files are like about Israel?

Look, I think Israel and replied to that too, Oh Diddy's right cool something. Yeah, that's one of the like, oh my god, dude, you are in the keep staying like, how much of the new like revealed redactions in the JFK files are like about Israel?

And well, yeah, we're going to have Jefferson morleyon he's a great journalist about the JFK files, But overall it's kind of disappointing, and it is something I always tell people because they're like, oh, the files are and then I'm like, guys, with nine to eleven, with JFK, with the UFOs and all that, we almost kind of like UFOs maybe aside there's a lot more we could learn. But no, there's no government document that's like there are visiting aliens. There's no government document that says we shot JFK. A lot of the circumstantial evidence and all that, it's all out there just but in terms of the fact that the official narrative is completely BS and for the CIA elements and all of that, the story has been effectively known since nineteen nineties, I would say, And you know, it's obviously popularized and a lot of people really paid attention after Oliver Stone's movie, but even before that, the whole Jim Garrison investigation, Americans by and large didn't believe the story. I thought it was a conspiracy very very early on. So I know, it is kind of disappointing on that's the way that it's all shaken out.

And well, yeah, we're going to have Jefferson morleyon he's a great journalist about the JFK files, But overall it's kind of disappointing, and it is something I always tell people because they're like, oh, the files are and then I'm like, guys, with nine to eleven, with JFK, with the UFOs and all that, we almost kind of like UFOs maybe aside there's a lot more we could learn. But no, there's no government document that's like there are visiting aliens. There's no government document that says we shot JFK. A lot of the circumstantial evidence and all that, it's all out there just but in terms of the fact that the official narrative is completely BS and for the CIA elements and all of that, the story has been effectively known since nineteen nineties, I would say, And you know, it's obviously popularized and a lot of people really paid attention after Oliver Stone's movie, but even before that, the whole Jim Garrison investigation, Americans by and large didn't believe the story. I thought it was a conspiracy very very early on. So I know, it is kind of disappointing on that's the way that it's all shaken out.

On the BB deep state thing.

On the BB deep state thing.

I mean, why wouldn't he say this because it's worked so well, even like you know SBF going on, yeah, on Tucker's show, and you know, certainly the Tates portraying themselves some victims of some deep state, which Hunt Russell Brand comes to mind as well. Eric Adams in New York comes to mind as well. So try and true strategy. So why wouldn't be be who certainly understands domestic political strategies here within the US context, why wouldn't he also go ahead and make himself a victim of the deep states?

I mean, why wouldn't he say this because it's worked so well, even like you know SBF going on, yeah, on Tucker's show, and you know, certainly the Tates portraying themselves some victims of some deep state, which Hunt Russell Brand comes to mind as well. Eric Adams in New York comes to mind as well. So try and true strategy. So why wouldn't be be who certainly understands domestic political strategies here within the US context, why wouldn't he also go ahead and make himself a victim of the deep states?

You know what he's doing?

You know what he's doing?

Yeah, absolutely incredible.

Yeah, absolutely incredible.

What's C four up there on the screen as well? This is from Ken Klippenstein. This was actually really interesting. It's basically about the quote Iran War Plan, and what can can report, according to some of his sources and others, is that inside of the Pentagon some war game plans are now beginning to take shape. Now, obviously that's not something that means it's going to happen, and of course there's war plans for everything, but quote the new war plan construct is itself new in that multilateral components including Israel, working in unison with the golf partners, either indirectly or directly, are now part of it. And the plan also includes many different contingencies and levels of war, from crisis action meaning response to events to quote deliberate planning which will set scenarios to flow from the crises out of control, including it up to obviously like invasion, full concept plan, full operations. Look obviously, somebody ordered those plans to be renewed for what purpose we don't know. Does bring to mind, gosh, I'm blanking on the guy's name, Wesley something. He was the general. He was the general during the after the war on Tario came out and talked about war plans that were for Iraq and for all the rest of the Middle East. People often point back to that one as evidence of like fore, planning for multiple invasions y going forward. But anytime you see something like this, you should of course take interest, why has this been ordered for what purpose? Because the alternative could be to order some revolutionary diplomacy. At the very same time, we do know that Trump has apparently sent a letter to the IATOLA being like, we need want to deal within the next two months or something, But we haven't seen any movement on that A.

What's C four up there on the screen as well? This is from Ken Klippenstein. This was actually really interesting. It's basically about the quote Iran War Plan, and what can can report, according to some of his sources and others, is that inside of the Pentagon some war game plans are now beginning to take shape. Now, obviously that's not something that means it's going to happen, and of course there's war plans for everything, but quote the new war plan construct is itself new in that multilateral components including Israel, working in unison with the golf partners, either indirectly or directly, are now part of it. And the plan also includes many different contingencies and levels of war, from crisis action meaning response to events to quote deliberate planning which will set scenarios to flow from the crises out of control, including it up to obviously like invasion, full concept plan, full operations. Look obviously, somebody ordered those plans to be renewed for what purpose we don't know. Does bring to mind, gosh, I'm blanking on the guy's name, Wesley something. He was the general. He was the general during the after the war on Tario came out and talked about war plans that were for Iraq and for all the rest of the Middle East. People often point back to that one as evidence of like fore, planning for multiple invasions y going forward. But anytime you see something like this, you should of course take interest, why has this been ordered for what purpose? Because the alternative could be to order some revolutionary diplomacy. At the very same time, we do know that Trump has apparently sent a letter to the IATOLA being like, we need want to deal within the next two months or something, But we haven't seen any movement on that A.

No, quite the contrary.

No, quite the contrary.

I mean, I think because they're also re implementing the maximum pressure strategy, and so I think that has I mean, I don't know that Iran was going to be that amenable to making a deal at this point anyway, given that they already made a deal. And it backfired because we pulled on you know, Trump one point, I oo pulled out of the deal. Biden failed to get back in or really show that much interest in getting back in, and now you've got even more sanctions being applied to them and threats coming from the White House. So it's not looking great, but you listen, you never know. The other thing that was really troubling that Ken was able to report we can put this up on the screen is as part of those war plans include a nuclear option, and he points specifically to this comment that Trump made, and Trump said this thing, he said, we can't let Iran have a nuclear weapon. I would rather have a piece deal than the other option. But the other option will solve the problem. And Ken thinks this may be an allusion to like a sort of vague allusion towards this nuclear war plan which has been developed as part of this larger menu of options with regard to an all out war on Iran. So obviously all of this is deeply troubling, and just to give you the latest few updates from on the ground in Israel as well, just to be as current as possible here, you did have some Hamas was able to fire some rockets at Tel Aviv, which obviously it's wild that at this point, given how much destruction across the entire Gaza Strip, that they still have that kind of capability. And per Haratz, you also have updated death toll massive numbers of Palestinians being killed this week by Israel. Over seven hundred and ten Palestinians killed, nine hundred wounded in Israeli strikes in the Gaza Strip just in the last forty eight hours. Some of the patients died to a lack of medical equipment, says the spokesperson for one hospital, and thousands of Israelis continuing to march and protest in the street as this ground invasion has officially begun in northern Gaza. The bombing campaign obviously is all out and kind of no end in sight here. I mean, at this point, there isn't even you know, a pretense of looking to negotiate a new ceasfire deal or looking to get back to Phase two, et cetera. As we said when we covered this earlier in the week, Bbe always made it clear heat and really intend to go to phase two. The question mark was whether the Trump administration was going to actually apply pressure to force them to go to phase two. And at this point it's pretty clear we have our answer there.