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What do we have, Crystal, indeed we do so. As you probably know by now, the CEO of United Healthcare was murdered in midtown Manhattan. That manhunt continues, as does, of course, the online reaction, So we will get into all of that. Trump packing his cabinet with billionaires. We have new details about what that administration may look like and what they are planning. Ram Emmanuel is being rehabbed over on the Democratic side, planning what his future in
the democratic part. He may be making some pretty wild comments given his own past history, so we'll take into all of that. Also at morning, Joe once again in meltdown mode after apparently David Frum now too spicy for them. They had to like apologize after some of his comments.
This is the Iran Iraq war here.
Morning Joe Scarborough just this morning had some whole like ran meltdown whatever. So we're going to bring you that. I think you guys are going to enjoy and appreciate that. Also, some news from overseas. Manuel Macroln's government has now collapsed, is somewhat predicted, but leaves the French government a lot of uncertainty and chaos, So we'll tell you all of
the details there. And Biden is considering pardnering a salw of officials and Democratic politicians and Liz Cheney and all kinds of people who could be targets of Trump's retribution. And the view was reacting and arguing with Charlemagne about many of these things.
Yes, that's right, that'll be fun. Doctor Fauci apparently needs a pardon. Interesting Carl toldly he's never did anything wrong anyways. Before we get to that Breakingpoints dot Com. Please go ahead and subscribe premumbscriber help out the show. We've had a couple of long form interviews this week which were awesome, which our premium subscribers got for access to. So if you want more like that, you can go ahead and sign up and become a premusbscriber today.
Yeah, and thank you guys for the questions you sent in for John Favreau. They were really helpful and you guys had some really great questions, so it was very much appreciated. Yeah. I thought that was a very interesting interview, so I hope you guys enjoyed it.
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Let's get to the United Healthcare CEO murder. This is some shocking stuff. So we have some surveillance video that has emerged of the killing itself. We've gone ahead and edited it so you can't actually see it. But let's go ahead and put this and play this for everybody up on the screen so you can walk here. The United CEO is walking there. He brought six forty five am outside of a midtown hotel in Manhattan. You could see the gunman there. He raised his gun and he
shot several times into the CEO. He went forward, walked towards him, apparently basically make sure that the man was dead, and then begins to flee across the street, where he got onto a city bike and went uptown to this day now, some twenty four hours later, he is not currently in police custody. Although we have some of the details. The NYPD itself broke down some of the details of the crime. Let's get to it.
The suspect approached from behind fired several rounds, striking the victim at least once in the back and at least once in the right calf. Many people passed the suspect, but he appeared to wait for his intended target. The suspect fled first on foot, then on an e bike, and was last seen in Central Park on Center Drive. Early this morning, the victim was removed to Roosevelt's Hospital,
where he was pronounced. We've been in touch with his family, his friends, and his colleagues, and they are very much in our thoughts and prayers at this hour. The full investigative efforts of the New York City Police Department are well underway, and we will not rest until we identify and apprehend the shooter in this case. The women and men of the NYPD take enormous pride in the work that they do each day and each night to drive down crime and violence in our city. Right now, we
are asking the public for your help. Have any information about this case, call crime Stoppers at eight hundred five seven seven tips. We have increased the reward in this case to ten thousand dollars. I want to be clear at this time, every indication is that this was a premeditated, pre planned, targeted attack.
That is really what all the details began to describe. We've seen ballistic experts and other people who have come out just to look at all the circumstances, and they are genuinely shocking. I mean, this is one of the busiest areas in all of Midtown Manhattan, six forty five am, full on like pre work traffic and all of that. It appears that he had either a suppressor or some sort of pistol which was using subsonic ammunition to try
and to keep the sound as quiet as possible. From ballistics experts in others that I have read, they just show a couple of things that you can see in the details of the crime. Number one, the photo that's been released of the man so far shows him wearing a face and a hood pulled up all over. It appears he had a change of clothes in the backpack, was able to immediately flee get onto a bike. Apparently was waiting outside of the hotel some full five minutes
before he emerged. This United Healthcare CEO knew he was staying there. He cased it out, was very he was clearly very planned assassination. And that's what a lot of the details around this and professionals as well. So just before we get a reaction, this is the Felipe Rodriguez, former NYPD detective, just talking about this thing. It's one of the most detailed assassinations that he's ever seen. Let's take a listen.
Is it possible that police may have to close the bridges or how are they surveiling those areas at.
This point you know what's going to end up the CCTV footage. But I'm telling you the way he planned this out, I can see him having a change of clothes, everything hidden somewhere in Central Park because he's aware of the canvast. That's why, you know what he did have that mask on. That's why he's trying to, you know, hide his identity, trying to make sure that we don't
have any facial recognition in place. So once again, this is one of the most detailed assassinate, you know, assassinations I've ever seen.
Yeah, I mean, it's truly shocking. Take place downtown in the middle of New York City. It appears the wife says that mister Thompson had been receiving threats. Can we put that tear sheet please up on the screen over quote insurance woes in the details that she said, she said something about denied coverage in terms of threats that he had been receiving. And we also have some stuff
that broke just very late last night. NYPD detectives have discovered the words quote, deny, defend, and depose, which were written on shellcasings that were found at the scene. Deny, defend, and depose is the title of a book which is specifically about how insurance companies deny coverage to patients. So it does appear to be an act of retribute or appears to be some sort of act of retribution against the United Healthcare CEO. The book itself here, I can
pull up the cover in front of me. Is delay, defend, delay, denied, defend, Why insurance companies don't pay claims and what you can do about it? Apparently it's a well known kind of Moniker and a playbook that people have always talked about these insurance companies. So does appear to be an active revenge Crystal. And obviously that alludes also to kind of the reaction around this, which has certainly run the gamut. I guess we could say that.
I don't think it has run the gamut. I think by and large, listen, let's let's all be adults here. Nobody here condones murder and broad daylight, targeted assassinations, etc.
It's insane.
Yeah, yes, of course. But we also have at this show made it clear when a powerful person who did great evil in the world, we don't mince words when that person dies, is killed, et cetera. And this is a person who caused great harm, death, bankruptcy, debt, and injury to probably millions of Americans. And so you know, there was a lot of like, oh, the left is like celebrating this viciously. Let me tell you it wasn't just the left. We're going to show you later on.
If you go on Facebook, Facebook not exactly like the bastion of the socialist revolution, and you look at the reaction there, if you look at the reactions on TikTok, I mean, it was across the board, and so I think people should think like political class, executive class, billionaire class, need to think really deeply about how people feel about this disgusting, evil system that this person was a part of. So we can put you know, up on the screen.
You talk about the motive. Obviously yesterday it was day it was all speculation because obviously there would be many people who would have a motive to do harm to this individual. And quite frankly, you know again and this is us being adults, he or not condoning, But it's shocking that something like this hasn't happened before given the amount of pain, death and suffering that this industry overall causes. And this was a very you know, powerful person in
terms of that industry. You know, we've got we can put a five up on the screen. In terms of claim denial rates, United Healthcare was apparently the worst thirty two percent of claims denied by this company. We also know that you know, they are being sued right now because they've been using this AI that, reportedly, according to the lawsuit rejects has some ninety percent error rate to
reject people's claims. And you know, I mean, you're hard pressed to find an American family that hasn't been negatively impacted by this disgusting, horrible system. So, you know, if people are shocked by the reaction that has sort of flow down of the entire nation in response to this killing, I don't think that you should be shocked, because most
people have some sort of story. I mean, in my own family, like Kyle's dad very possibly would still be alive and have been at our wedding if it wasn't for o fucked up health insurance system. So you know, there's a lot of anger and horror at what this looks like in this country.
Yeah, the denied defend deposed gets to some patients in terms of denial of coverage in the way that the insurance companies are able to work that system. Yeah, I mean, as you just said, let's all be real and adults like murdering people in vigilante or not even vigilanti, just like murdering people in cold blood in the middle of
New York City is bad. And ironically what we have seen though, is honest, I'm even surprised by it, and I've seen a lot of social analysts and others who have reacted to the killing itself in terms of the outcry from a lot of the public where there is some deep seated rage here, and we can talk about that just analytically in terms of, Look, we just had an election, right, Donald Trump won the White House. People
are very a lot of rage there too the system. Yeah, and I was thinking, I was actually thinking back to it. Alex Berenson made the analysis. He's like, I don't think anything like this has happened in the post World War two era. I think he's right in terms of a major targeted assassination of a CEO. But this really harkens back to some of the violence and anarchist violence in
the period of like nineteen hundred Gilded in nineteen thirty seven. Yeah, it's like post guild more like the latter age of the Gilded Age, a lot of the violence around labor and the you know, the relationship between the major company and the citizen. But also just like literal anarchists and others, theory of like we have to strike back through genuine violence against people who are like this. You know, we
saw some of that. Actually, like you said on the comments reacting to this, we can go ahead and put nien please on the screen, and this was put out in For example, some of the top comments people are like, I'm sorry. Prior to authorization is required for thoughts and prayers, sending prior authorization denied claims, collections and prayers to the family.
Was his trip to the er really emergent? And it's crazy what my first thought was, and that I look at the comments and realize that I am not alone in my thoughts. So clearly there's a lot of people who are out there who are very, very upset with the healthcare system, you know. Even bringing it back to just the crime, I saw some analysis where they're like, this is an insane crime because there are twenty million people who could be potential suspects in carrying this out.
And if you look at some of the if you look at currently, the fact is is that when you murder someone in New York City, actually pretty much you can murder someone anywhere. It's not all that difficult to narrow down the range of suspects, and especially New York is one of the most surveiled countries in the world. I mean in terms of not only police officers, this is Midtown Manhattan, anybody'sho've been there. There are police everywhere
across Midtown Manhattan. You also have you also have cameras blanketing the entire place. That surveillance footage is just like private one in terms of what the NYPD has access to and the NYPD counter Terrorism Bureau and all of that. That entire city is like basically wired with cameras. So the fact is is, while they have released a photo of the suspect, they are probably able to track some of his movements and others. For now, he has not been apprehended, well not bypass, which is shocking.
They don't even have a person of interests.
They don't have a name a person of interest that they have.
Nothing photos they put out. I mean you can't see anything.
You basically can see it. I think you can see his eye color, yeah, and his nose, like that's that's about it. It's like, I mean, he's a white male. That's basically all you know. But that's all we know. It's really crazy. There was a actually analyst who was able to determine that which city bike was actually taken. Can we put a six please on the screen. This isn't uh, this looks like there was an analysis and it says I am fairly confident here that United Healthcare
assassin was escaped on an electric city bike. It remains unclear right now because NYPD told Lyft, which operates City Bike, that their bikes don't appear to have been used in the shooting. So it's a little bit up in the air right now as to how exactly he was able to get away, because there was some at least initially there appeared like he was using some sort of electric bicycle to get away from the scene. But it's a little bit confusing in terms of whether this was correct or well.
It's also like, I mean, if you're planning to do a targeted assassination, you probably have your bike already out of the dock, you know it run from another part
of the city or whatever. So I don't know, I don't know if this is really relevant or not, but it does illustrate the point that you were saying, Zager, that like there's cameras on every corner, there's place everywhere, especially in midtown minute Like just as you guys understand if you aren't you know New York City people, like this is very close to Times Square, It is the tour's hub. Like I'm sure many people have stayed in that Hilton that I mean, I know it very well.
I used to live very close to there. That is really well known and completely centrally located, and there's all kinds of police and surveillance and whatever around, And so for him to have been able to do this, you know, yea, I was kind of early in the morning, but in basically broad daylight, and have the skill and the wherewithal to get away, and still the police appear to have
very little to go on is quite quite astonishing. To get back to some of the conversation about the reaction you had, that TikTok reaction, I honestly was probably most shocked by if we put a twelve up on the screen. And of course Kenklippenstein going hard in the paints during the pod, as he often does, but he he tweeted out, people loathe our healthcare system. The pearl clutches should ask
themselves why what you're looking at? Here is the post from United Health Group, the company that he was the CEO of, on Facebook. Again, not an exactly bastion of the socialist revolution. It's a lot of like Maga Grandmas on Facebook frankly, and this was early on, the bulk of the reaction was the laughing emoji, and it had fifty five hundred people who had done that. The last I saw it, just from like eight hours ago, it
was like eighteen thousand people who had posted the laughing emoji. So, you know, I know, there's like a lot of especially
mainstream liberal journalists and politicians. I saw Dean Phillips, I saw Richard trre As, I saw some others who were kind of like, you know, tut tutting this reaction, and okay, fair enough, but you all are the people in a position of power to change this truly vile, destructive, damaging, deadly system, And like, what have you done other than many of you being complicit in blocking and quashing the movement that was, you know, pushing to totally overturn the
system and make sure everybody has health care access like every other developed nation in the entire world. I was just looking up the stats just to check my memory. Forty percent of all bankruptcies are because of medical debt. Forty percent. You know what bankruptcy does? I mean that is so devastating, Like putting the denial of care and the sickness and the avoidable death to the side. Just that kind of crushing debt destroys people's lives, pushes them
to suicide. So you know, this is this is a horrible evil set and there's something too about there is something about like the sort of banality of evil or the fact that this is a system that we've sort of accepted and the harm of it is kind of depersonalized that makes you know, politicians feel like, oh, this is you know, it's unacceptable to pin that blame on
this one person. But you know, again, this is someone who was a powerful individual in an industry that has caused unbelievable damage to American lives, health, well being, etc. And so Democrats have effectively you know, I'm remember in twenty sixteen, Trump ranal, I'm gonna give everybody healthcare, and then he tries to repeal the Affordable Care Act. That doesn't work. He has his own health care plans, like a ten percent approve rating or whatever. He just gives up.
Publicans gave up completely on healthcare. Now they're trying to like, you know, pretend like they care about legalizing raw milk or you know, getting the toxins ount of the food products, which seems unlikely that they're going to accomplish that. But they don't really have anything to say about healthcare. The Democrats have collapsed from They don't even talk about like a public option anymore. I mean, Joe Biden ran on a public option and as soon as the primary was over,
that gets dropped. He doesn't talk about it at all anymore, never gets brought up during his tenure. And I think partly because of this whole like popular theory, they're like, well, if we lower the prescription drug prices on a few drugs for seniors only too, by the way, you can just run on that and that'll be enough. And I think very clearly from this reaction that is not enough.
And so you know, not to turn everything into a freaking political point, but there is a political point to be made here, which is Democrats look at this energy that's out there to upend the system, to have some sort of something that approaches a more just and human first versus profit first healthcare system that is all out there for the taking. So as you wander in the wilderness and wonder what you can do to get back into political power, maybe try actually challenging powerful interests and
trying to improve people's lives. Maybe try to write the injustices in a disgusting and vile healthcare system. Just a thought there for you as you move forward.
It is I think it has now passed into the realm of just even interesting in the group, which and by the way, the crime itself is insane, right, is now into a sociological I've seen a lot of analysts and others just be like, hey, look like, you know, nobody's condoning this, but you've got to go out and take a look at some other response and just say like, wow, this is pretty crazy. It can tell you a little bit about something.
Yeah, and this isn't just like the dirtbag left. This isn't just like the chopo guys.
I will say, there is a lot of like really annoying just yeah, there's a lot of cosplay about there. It's like, okay, guys, you know, like let's let's keep it down a little bit.
But some shit posts.
Okay, look, you should post what you want. But then people should rightfully just be like, oh, it's a really interesting right in terms of what selective application of what good violence is or not whatever. We can get into that like a little bit later. And then, by the way, how did it all work out? Whenever you were all riot posting during BLM, the country was really with you, wasn't they. The point is is that clearly sociologically the
response has been devastating. I would thank for the healthcare industry, for the public itself, and even for trying to solve the crime. That will be one where it like, I mean, just imagintive they are able to apprehend this person. You could imagine some sort of like trial by trial of the century type, you know, stuff in terms of him,
you know, whoever this perfect trader is. Let's say he had a relative or himself was affected by the healthcare system trying to put them on Try, but it could become like a real thing if that does happen, And if they don't catch him, that's even more insane that somebody was able to get away with this. So we're some twenty four hours now post the shooting. NYPD basically has gotten nothing from what we're The only clue they have right now is that, you know, the carvings that
were put on the bullet casing. So we'll keep everybody updated. But certainly you know, even when even when they do catch somebody as well, Like, there's going to be a lot of what's the.
Story, what led? What led to take this action?
Yeah? I mean this person put a ton of planning and time and know how into executing this, taking the time to literally etch things on a bullet that's some stuff out of like peaky blinds for people want to watch the show to send him out. Exactly. It's like literal joker stuff. That's that's like what that's what this is? So exactly what this is?
All right, let's move on to the latest from Trump. We had actually a pretty positive pick for his cabinet. I'm going to get to some not so positive ones, but let's start with the good news here. Put this up on the screen. He's nominated Gail Slater as Assistant Attorney General for the Anti Trust Division at the Department of Justice. This is the position currently held by Jonathan Cantor, who's been a real warrior ally of Lena Khan in
terms of the new anti trust movement. He goes on to say big tech has run wild for years, stifling competition our most innovative sector, and as we all know, using its market power to crack down on the rights of so many Americans, as well as those of little tech. I was proud to fight these abuses in my first term and under a Department of Justices Anti Trust team
will continue that work under Gail's leadership. Gail previously served at the FTC in my National Economic Council, most recently advising JD Vance, so this is like a JD Vance ally it appears in his Senate office. Gail's also worked in the private sector in media at Fox, in the tech sector at Roku, and our new role, Gale will help ensure our competition laws our enforced both vigorously and fairly, with clear rules that facilitate, rather than stifle, the ingenuity
of our greatest companies. Congrat scale. Together, we'll make America competitive again. Is this someone that you had familiarity with previously, Sarka, I.
Personally day Gaale. I know a lot of people who do know her. They speak very, very highly of her. She's kind of been in the big conservative anti trust movement, not a surprise by the way, that hated desperately by a lot of the Heritage Foundation types and others, but has been on the front market sign specifically on Google, Facebook and others. You also should take a look at the text there, which is very important of what Donald Trump actually said in his release, and he was specifically
talking here about quote we will know big tech. Big tech is run wild and using its power market power to crack down on the rights of many Americans as well of those of little tech. So little tech has become an acronym kind of pushed forward by White Combinator and a few others, which is about the emergence of the startup eCos system and its inability to compete fairly
on grounds. The reason little tech is actually so important I did a monologue about this previously with respect to AI, is that AI itself naturally lends itself to people with a shit ton of money, people like Amazon, Facebook and other BECs. The server cost is so high. The problem with that is that it means that whatever the next innovation is is likely to be built in house by
these already massive giants. So what you want is actually to create an open source ecosystem which allows the emergence of new players and is not allowed to be totally captured. That is something that little tech has really become an important war in and actually it gets to Mark Andriesen, who we talked about previously has been a big little tech quote unquote fighter. But there are a lot of other individuals out there, Gary Tan who I recommend people follow.
He's a head of y Combinator currently. Luther Lowe who currently works for y Combinator. He previously worked at Yelp. That guy's absolute anti trust warrior. People should go and follow him on Twitter. There are a lot of people here in DC and others who've been involved in this movement, and I would say this is a major victory for them,
and it is interesting. It's an ideological fight. It also will show you what the Titanic showdown of the century is, because there's a reason that Mark Zuckerberg has his ass down in ma A Lago and that Jeff Bezos yesterday at the New York Times Deal Book conference was like, Trump is great. He's really learned about how to quash regulations.
These people they know that this is probably the single largest existential threat to their business, Like if you really believe that AI is the future, which all of them do, and all of them have poured Matt billions of dollars of their profits into They don't have to do that.
If they didn't think it would be commercially viable, then your inability to capture that future market would both kill your current investment and possibly could put you out of business in the future, or at the very least have to compete. God forbid that they would have to do that. So you have a lot of stuff going on right now.
There's a lot of ideas about splitting Google Search away from Google Ads, or from the rest of the alphabet company a Amazon, which Bezos of course used to helm the ideas you would split like aws away from their retail business. There's a lot of unfair competition that happens in this sector. So anyway, I think it's I think it will be. It could be one of the most positive developments. And the fact that he picked her is a very very good So.
I actually think this is a more important development than while you were out. We covered the Labor secretary who had like vote for the pro act, but then if you look at the rest of her record, she only has a ten percent record of voting with the AFLCIO, So Like backing the pro act was an attempt to win in the swing district. And also the Labor secretary is in a lot of ways less powerful than whoever you put in at the NLRB, So that one's still very like I'm not sure how much we're getting out
of this one. This one, to me is more significant. You know, I take my cues on anti drust from Matt Stoller because he just knows way more about it than I'll ever dream of me.
He's probably worked with you, and he.
Clearly knows who she is, probably has worked directly with her. And it's funny because he had just tweeted like the Trump administration has studiously avoided put any economic populist into their administration, and then within minutes they made this pick. So you know, we should have overstate it because there's still very few people you would consider to be like JD. Van's allies who've been put into the administration. And those tensions you're talking about, I mean, that's not just outside
of the Trump world. The Zuckerbergs and the Sunda Pachai who and Tim cook who or Tim Apple as Trump likes to call him, who you know, called Trump and are trying to get in good with him and trying to reassure him and make sure that their companies don't end up being targeted. But you know, obviously he has and we're about to get to he has a lot of billionaire, more libertarian minded people who are in his administration or who are influential with his administration, who are
not interested in going in this particular direction. So you know, those typical like Chamber of Commerce business interests still have a lot of sway in the Republican Party in particular and in Washington in general. So this will be quite a battle to see how this all ultimately turns out. And let's get to the next one. Speaking of, you know, some of the ideological indications of this administration. This is
zero surprise but still worth taking note of. So the current SEC Commissioner is a guy named Gary Gensler, who, among other things, has believed that cryptocurrencies should be regulated by the SEC, and the SEC, of the various financial regulatory agencies, is the most aggressive in terms of enforcement. That created all kinds of you know, conflicts and recriminations.
There was a whole fight about, okay, which agency should really be regulating or not really regulating the crypto industry, and to be honest with you, probably whether it was Kamala or Trump, because the crypto industry has spent a lot of money in our electoral system on both sides of the aisle, you were going to get an se cheric who was going to be, you know, much more crypto friendly. And that is exactly what Trump has picked here. He picked Paul Atkins to run the SEC. They describe
as a pro business conservative. He'd previously been an SEC commissioner under George W. Bush. And what he is known for is he's on the advisory board of securitized digital asset firm that promotes the use of digital tokens. He's considered to be very friendly to the crypto industry. Will probably push the regulation of this over to one of the other one of the other bodies that will do
a lot less in terms of enforcement. And then one of the other big things they'll have to decide right away that's pointed out in this article is the SEC had filed charges against Coinbase, which is obviously a massive crypto exchange. They charged the company with violating securities law. We had covered this here by failing to register as a broker, allowing unregistered crypto assets to be sold on
its platform. So that will be one of the first questions, and it's one of the current SEC Commissioner Gary Gensler's signature cases. Are they going to continue that high profile enforcement action. I would say it is very unlikely.
Oh no, I mean listen for anybody he was paying attention, Tyler Winklevoss and Cameron Winklevoss and who else, all of the other the entire crypto industry. The Bitcoin conference. They did not give one million dollars to Trump for free. Donald Trump did not change his mind on crypto for free. I actually remember when he was president because I freaked out about it whenever he tweeted against bitcoin. Bitcoin itself, hilariously, is actually a very counter to Donald Trump. Donald Trump
is obsessed with the strong dollar. That's why he loves tariffs, and that's why he wants to impose tariffs on the bricks countries who are pursuing an alternative currency. But the truth is is that the immense amount of wealth and bitcoin is now basically undeniable. As of this morning, bitcoin officially crossed the one hundred thousand threshold, something I wouldn't I never dreamed in a million years that I would
actually get to see this day. I was shit posting memes about bitcoin goin to the moon when it was at nine thousand dollars. Just for context, I bought, I was talking about it. Should have listened, should have listened, bought my verse bitcoin. I think think in twenty fifteen, just four context, and I thought I was late. I was like, there's no way and it's all going to go to zero. So worked out. But the point is
is that with bitcoin itself, it has now become extra. Look, I mean this is a multigajillion dollar industry because we're not even talking about bitcoin. We're talking about platforms like Gemini, which are owned by the Winklevy. Then you've forgot the coin coin base itself, multi billion dollar company. I mean, this is clearly here to say, there's just no getting around it. You've got bitcoin ETFs now that have happened.
What the sec did just this is nerdy to stick with me, is that they decided crypto should be regulated as a security and that every transaction on the blockchain would have to comply with securities laws. There's a specific test that the Supreme Court has determined, or maybe some other court. I forget for the financial guys can explain it to me, but effectively, there's like a type of regulation which goes into play legally that requires an immense amount of compliance if you want to be able to
transact like that. Under the current SEC regime, it has been the basically betmar of the crypto industry since that went into place in twenty twenty two under Gary Gensler to have that guidance reversed, and it was one of the main reasons that a lot of these Teche people decided to back Donald Trump. So again, they're going to get what they paid, that's right, and you know they're probably going to get some of it under Comblin they were Yeah.
I mean you remember Mark Cuban was sweating himself for SEC.
That's why.
Yeah. And you know, it was clear like there was a war on Gary Chenceler and that war had already been won before this election. And one of the seminal moments was because it's crazy because you have the whole Sam Bankman free thing, right, this massive fraud is exposed and how this was just like a house of cards
and a total Ponzi scheme. And he goes to prison and you know, it's he's giving all kinds of money publicly to Democrats and more secret leader Republicans, and so you would have thought that that would have dealt a blow to their influence in DC, but not at all. On the contrary, you know, they sort of got smart from there. They lobby and organize super packs just like
every other major interest. In fact, Crypto was one of, if not the largest contributor to the twenty twenty four elections by industry in this entire you know, in this entire election. But one of the seminal moments in this fight was Katie Porter, who had been you know, adversarial to them. And it's not like they're like, oh, we
have to get rid of bitcoin. It's like we're going to enforce you know, securities regulations Asaba was explaining, using the sec and so they're more adversarial, is with Warren being part of that wing as well. So in any case, they dropped millions of dollars in Katie Porter's race and they were able to defeat her, and that really sent a chill across any legislator who had been more adversarial to Crypto, and since then they've all just been folding like a deck of cards on both sides.
Of the aisle.
So yeah, even before you know Trump made was able to win, they had already basically locked in a more friendly regime, whether it was Kamala or whether it was Trump. And of course we can't forget Trump himself has his own stupid crypto currency at this point as well, and you know, there's a lot that's disturbing about that in
terms of the possibility for corruption. Last time in the Trump administration, the way for people to get in good with Trump was to stay at his hotel and like very like, you know, demonstrably and performatively spas day at his hotel and secure a large block of rooms and spend lots and lots of money. Now they can just buy a bunch of his crypto crypto coin what is it, is it called trump coin, whatever it is called. Anyway,
they can do that. And there's already a lot of indication that that's already happening, by the way, So yeah, he's all in with them.
Bristol is a Hawktua coin. Oh my god, she apparently Look I am pro.
Look you kind of have to admire this lady for the way she's capitalized on her.
I toltally about this morning. I've been involved in the sports gambling fight, and by the way, I will do a very long magnum opus about why sports gambling online is very bad. But honestly, I am just resigned at this point. Americans are obsessed with pissing their money away. I just don't know what to do at this point. Like they love weed, they are addicted to weed. They want to send it all to OnlyFans, addicts whenever they eventually win, only fans models when they win, they just
want to gamble and to buy meme shit coins. It's like, I don't know what to do at a certain point. It's like, you know, should we just should we stop people from doing what they want at a certain point?
Like I just don't know you were gambling right?
No, But that's what I'm saying. I'm like, what what's the point of the fight at this You know, the token for Hawktua hit five hundred million dollars. That's how much people pumped into the didn't force anybody, no, not for.
Like, but there have been a lot of like out and out SCA.
I agree, but they want not people want.
To be people want to be I think they do.
I mean serious.
Then the promise of crypto was always is like you know that, what is it? Fortune favors the.
Brave, Ohscrypto dot COM's yeah, that's not to be confused.
I know, But I'm just saying, that's like the ethos. You have a bunch of people who, you know, we have this society where it's impossible by a fucking house. It's impossible to afford healthcare, not like you know, die for one of coverage, et cetera. It's impossible ford an education. All these things take so many more years, wages don't keep up with inflation, and so this is like sold as a chance to be one of the players, like to have a shot. It's almost like a.
Lot of ticket, right, Yeah, it's like, I mean that's.
What it feels.
It is.
It is gamb I mean, it's gambling. It's not any different really than the sports betting thing. It taps into that same sense of like this at least gives me a chance of being able to make it and have the life that I envision for myself and my family. And I think anytime you're tapping into that, you know, it's I'm not saying I'm you know, more probably more libertarian on these things than you are. Soccer, I'm gonna say you should be banned, but it should be regulated.
It should definitely be regulated. And obviously we've seen in our lifetimes how when a massive speculatory bubble emerges, how can be absolutely devastating, not only for the people who are directly implicable for the acconimulation.
So that's my point, and that's why I get annoyed
is everyone's like, let me gamble on my phone. It's like, okay, fine, but then don't come crying to me whenever we have to send police officers to your house because you're pissed drunk and you're beating up your wife and by the way, that's been happening tremendously all across the entire nation, or whenever you know you, you know you, you drink yourself near to death and we have to send EMTs and we have to pay for your health care bills, or I mean go on forever in terms of the social
services that all of this stuff is going to cost. But people are addicted to it. I just I honestly I feel very blackpilled today just with the response on online gambling with you know this Hawkta thing, and it's like how many RUG polls do we go throughree twenty twenty, how many? And people are still doing it. I don't know should we save people from themselves at this point? Like what's the point. It's they're addicted to it. It's like whatever, I'm sure SOMEONEI clip this out.
I think we should protect people from scammert.
I agree with you, But they don't want to. They don't want it.
But nobody wants to be one wants to be scammed, old lie.
Every time you bet a parlay bet on sports gambling, you're getting scammed. Guess what the number one most profitable and most bet thing on sports gambling parlay bet. What are we supposed to do at a certain point, you know, they like it, they think it's fun. You know, it probably is whatever you put a little money into hawk Tour or whatever. Also, to be fair, when I pought bitcoin,
it was specifically because of the the stateless promise. I never thought it would become some etf like gold speculative asset. Well I brought into the OG vision around the idea of like getting around the state people in Argentina used to buy houses.
And at this point, I mean that's just that. I mean, that is a small percentage. It's just speculative, like you know, yeah, it's just it's just scambling.
I think the promise of it is that now actually now it is so much money that you actually could start to use it. I mean, at this point, they're I mean a sizable portion of the world billionaires are now bitcoin billionaires. None of us will ever know who they are. But I mean once you once bitcoin crossed one hundred thousand, which it did in the last several hours, that's genuinely like a shocking moment for the world economy.
If it ever passes five hundred thousand or a million, that's when you're I think the majority of the world's billionaires would be a bitcoin billionaires. So I don't know, maybe it will change something. I still believe in some of that thing.
Should be honest with the old days. I actually do too, maybe from a somewhat different, not that different though, perspective from you of like you know, using bitcoin to evade US sanctions regime and things like that, But like that part I support, you know, oh.
Yeah, but remember the Canadian truckers thing, and like that was a real wake up call. Whenever they were still able to go down on the on the on the exchanges and be able to seize their crypto, there's still a long way to go. The point is is that guys, now we actually there's a ton of money out there. If you bought bitcoin, you know early there, you're sitting on some sizable profits. You could actually invest in some of this alternative ecosystem like you were talking about with sanctions.
But I mean there's all use cases which on ironically could be good and I would like to see some of that, but unfortunately a lot of it has evolved into ft X hawk to me, what was the other one's Safe Moon? I think that was another favorite one that people were talking about. So anyways, look, I don't know, this is a long this is a more psychological thing. But I'm just I am a stunned and amazed at people's want an addiction to want to piss their money away. I don't get it.
I do. I get it. It's because I mean it does come out.
Of this like at a certain point, it's like.
There's a few I mean, there's a few things. There's like I was saying this sense like I have no other shot, Like this is my shot. You know. It's the people that you see lined up at the gas station buying a lotto tickets like, yeah, you know it's this is this is my shot. It's that that same energy, and then you know there's a lot of sophisticated scammers
out of there. Is definitely definitely part of it. And yeah, I think I think that we have a responsibility as society to at the very least try to regulate and protect people from the most overt scams and try to make them whole when they are scammed, rather than just being like, oh, well, you're an idiot and you shouldn't have gotten scammed, you know, because sometimes these things can be very sophistic and be targeted at any number of
vulnerable groups who can be manipulated into thinking that this is their right shot.
But even when it's regulated like lotto, they have to tell you the odds, right, how many people when I go to seven eleven to go buy a big gulp die coke, by the way, how many people are right next to me buying these scratch off lotto tickets. They know the odds and they still play it. Yeah, I just don't. If you ever come into a Union station here in DC, they have a DC Lotto store, the line is out the door. For people who are purchasing these things, I don't know.
Man, at least those usually go to fund like education in the state. Okay, you got to make likes. You think the rich people richerd.
But think about how disgusting that is that Like here in the city of Washington, if you bet line out the door, half the guys are homeless. Okay, I mean they're the ones who are paying for it so people can go to school.
Your No, I agree with. I mean, it is a tax on them poor, and that's why I think there should be a lot of protections in place. But I mean, do you have the same, Like do you think sports gambling should be banned? No?
I think I don't think sports gambling online should be legal period.
I don't think you don't think it should be legal.
No sports gambling online? So like the difference is that, Look for vice, I have come to the terms. People are going to do it. There's nothing you can get around. You should have to go to a casino. A lot of the in the UK and elsewhere they have like physical shops in people's neighborhoods where you have to go to place your bet. And one of the reasons why
is that online. First of all, the actual products that are sold to people online are the most degenerate, like horrible financial products that exist.
So you are but so you are in favor of some level of protection from people.
I mean, but they don't want it. If you put that on the ballot, it would go down by eighty percent. People love on the phone.
I mean, but so, I mean, I'm just trying to see what if the position is consistent here. So when it comes to sports gambling, you want to have some level of protection people can't do it on their own right when it comes to like crypto gambling, which I think is the same.
I'm pro regulation on a lot of this stuff. My point is just that I feel at a complete resignation of the fact is is that every single time this comes to a test of the Vox popular Life, people don't want more regulation. They want to be able to do, you know, whatever they want.
I don't know about that. Soccer, I really don't know about that because I don't think people want to just be like fed to the wolves. You know, I think they want their shot. I think, yes, they want to
be able to have that dream. And then it also gets a deeper, like you know, social conversation similar to the one we were having before, about how much of our social contract here is centered around like consumption and what that means, and also how difficult it is here to be able to just like achieve a basic you know, stability and like things like healthcare, and that contributes to the sense of desperation that leads you to take what would seemingly be irrational risks.
Maybe, Yeah, certainly, this is a much deeper thing. I will do my magnum opus. I'm gonna ride it. It's gonna be like thirty forty minutes long. At this point, I've been thinking about it a lot. But you know, just to give you an example, sorry to monopolize this, I went on the Matt and Shane podcast, right, and this is the Ultimate bro podcast, and I use it intentionally as a platform to speak against the dangers of weed and of gambling. I have never received more hate in my life.
Yeah, but then the audience.
But that's why I did it. I did it with that purpose. Is I wanted to go into the Lions then yeah, and just be like, look, you're never gonna hear this from anybody else, at least in the circles that you people. Oh just oh, this is the fun police,
buzz Killington and all of it. It's like, okay, it's like if if if your version of fun is coming home from work from an underpaid job, pissing your money away on alcohol and then getting on your phone to watch the game and then throwing even more of your money away on parlay bets, like what can I do for you at a certain and then getting mad by telling you you are losing money, you are wasting it away, you are taking away your chances to build a better life.
I don't know. At a certain point, I don't know what to do a response I got to that it was shocking, it was hilarious. I mean, it is funny. I'll be fine, you keep doing what you want to do. But it's one of those where I don't know what at a certain point, how can you help people who actively want to participate in their own distruction?
But it's so like, I mean, these companies, they spend so much money researching like how to tap into these deep human inclinations I know, and manipulate you. I mean, it's very similar with like, you know, the way that everything's gamified and algorithmically generated on the phone, and how impossible it feels as a parent to be able to like pull your kids away from the concert. It's the same like systems of dopamine that are just being manipulated
by these companies. So I don't know, I have like I don't really get it myself. Gambling isn't something that has a poll for me, but I know enough people who for whom it it really does, had that pull, and I have a lot of empathy for that.
I'm open about it. I like to go to casino and amble. I have set limits and all these other things around it. But you know what's so important about it. You have to go physically. You have to be around by the way other real degenerates. When you see people who haven't showered in three days, seeing that is really important because you're like, oh my god, I'm want to end up like this person. But when you're on your phone, you're the sucker. That's the thing. They don't tell you.
You have no idea how many other suckers that are out there on top of you just talked about the algorithm. It's very true. They use it specifically, like exactly imagine Facebook adification applied to gambling. I mean the things that the DraftKings and FANDU will get away with. They dream in Las Vegas of being able to get away with the quote unquote hold of what they do, except it happens every day on the couch. I mean, I've talked about this before. New Jersey betters lost two hundred million
in a single month betting online casino games on their phone. Total, they lost about five hundred million in the month of September just gambling. New Jersey is not a big state. That is, it's like a giant suck hole, like like of wealth predominantly from the least you know, what is it from the least affluent part of society, Like I don't know, you know, at a certain point, it just we could talk about this more.
Yeah, little well, I just I would just actually I actually think the idea of you have to go to the casine. I don't think that's a bad idea. I'm kind of open. I'm like a little ambivalent because I got to think about it a little bit more, but I'm kind of open to that. I just you know, I also I feel a similar way about Like I don't feel any different about crypto betting and gambling than
I do about online sports betting. I think it taps into the exact same thing, which is why I think it was important what Gary Kensler was doing, just to bring it back to where we started conversation. So let's yeah, indeed, we're gonna save the Trump billionaire cabinet conversation for I will hold that for one for next and maybe I'll
do a monologue about it. But in any case, there's a lot of billionaires in Trump's cabinet, and that's something that we should be thinking about and what their influence is going to be. Elon Musk being the most important, you know example there, since he's literally the richest man
on earth. Let's go ahead and move over to the democratic side of the equation, though here with Rama Manuel, who you know, extremely important in the Obama era, but really with this guy, you could go back to any number of democratic crimes that were committed against this country, including Naviga was important advisor under Bill Clinton as well, and you can find Rama Manuel there. There's all kinds
of stories about him during the Obama administration. Apparently he did not want Obama to try to reform healthcare at all. He pushed against that. He famously, you know, we went out and recruited all these quote unquote like moderates, neo liberals who were very pro corporate. That was his whole orientation when he was, you know, running effectively running the party. And so now he is, he's actually ambassador to Japan's where the Biden administration stuck him after being mayor of Chicago.
Very controversial tenure as mayor of Chicago, and now he has come back out of the wilderness, so to speak. David Axod floated him for d NC chair. He's already sort of rolled down. He doesn't want that particular position, but he's clearly trying to position himself as an important voice in the party going forward and probably for some
new elected position. So he went on CNN and he made some of the most extraordinary comments, given his own complicity in the rage that this country justifiably feels about both the lack of accountability on the Iraq War and the lack of accountability with regard to the financial collapse. Let's take a listen to what he had to say.
In Iraq War, which American people were deceived, spent two millions of dollars, thousands of soldiers lost their lives, people named for life were deceived and led into a war, and not one person responsible for that deception ever was held accountable. Six years later, the financial industry lies to the American people. People lose their homes, their livelihood, and the bankers are screaming for their bonuses.
Nobody held accountable.
He's right, but rom who was going to hold them accountable?
You were chief of staff to Barack Obama when the decision to not hold these people accountable when those all occurred, whether it was the Iraq War or whether it was the scamming, the mass scamming, we're just talking about this on Wall Street of ordinary people that led to ten million homeowners being kicked out of their homes in a near global economic collapse and catastrophe which we are still recovering from, by the way, and which has created the
entire political era that we live in right now. So for him to go on CNN Socer and just like you know, be able to correctly identify the problem and absolve himself of any blame or complicity on This is really quite extraordinary, and it's also very clear what he's doing because you have to say some of these things at this point, it's just undeniable. You have to say some of these things.
But it's Fife twenty years too late.
Well, yes, that, but also it's an attempt to rehab himself and his political project. The very people who made these disastrous and evil ultimately decisions at the time to rehab them and pretend like they were not themselves the problem.
Yeah, and David Sirota makes a good point. Let's put that one up on the screen from C two about Ram Emmanuel saying, quote, it's the corruption stupid and you can see here former mayor Rom Emmanuel spend six hundred thousand dollars on sendoffs for himself weighing quote third term Emmanuel relies on campaign donors who get city hall benefits.
Emmanuel was the quintessential Wall Street Democrat. I actually really recommend people go and read some early histories of the Obama era because rom is probably one of the most important people in that and he embodied the Clintonian machine. He worked for Bill Clinton and for Hillary Clinton. He was a bundler. He comes from a very powerful family. His brother Ari Emanuel is he's like the biggest superagent in Hollywood. He's like a he's like a billionaire, you know,
head of wm E, etcetera. But the point is the.
Other brother very involved in healthcare.
Yeah, I was gonna say, so his other brother, what's his name, Zeke? I think seek Emmanuel is Uh. I think he was the head of CMS or something like that. One of the most powerful people in American healthcare. These people, in particular Rom I mean, embodied the Terry mccaulliffe ideal of like wheeling and dealing and raising big money. I once saw big Terry in action at the Palm, and I've never seen anybody in more at home in Washington handing r machine.
He loves to work a room.
He's a fundraising machine. He live there. I asked, They're like, oh, yeah, this guy. This is regular table here at the Palm here in Washington, which is like a god, I don't even know. It's not even that great of a restaurant. It's fine. But anyway, that's the tradition that he comes from and the background in the ninety two campaign, and
he was built up by the Clintons. So Obama really picked him because he wanted a wheeler dealer kind of Chicago connection as well to be there and lo and behold, look at the decisions that were made, you know, both in advisory over healthcare, but actually even more importantly it is about bailouts and about the general political direction of
the Obama administration on Iraq as well. I mean, he was the chief of staff to Barack Obama when Obama decided the half ass maneuvers in Afghanistan, the surge, and then the nonser I mean, everything that happened under that administration.
If you wanted to pinpoint, if you wanted to blame on one person, why Obama goes from running on change and being a different sort of politician to just being
a continuation of the Clinton era. Like Rama Manual would be a good person to situate that, I would just I mean, yes, of course, ultimately, but you know, this is the guy who was the chief of staff, so he's involved in all of the staffing decisions, the you know, direction the administration, like he is at the scene of the crime on all of the bad decisions that were
made in the Obama administration. So for him to come out and be like, you know what, people should have been held account was like, Oh, yeah, you think where were you when people during the Obama administration were not being held accountable? Oh, that's right, you were in one of the most powerful and influential positions in the entire
United States government. I do want to say, in fairness to as Recline, I read the transcript of the entire podcast that he did with Rom Emmanuel, and he actually raises a good number of these points with Rom, and Rom totally tries to reinvent history for himself and position himself as like, well, I was there behind the scenes saying that we need some quote Old Testament justice, that
that's what we need in this moment. But he goes on to say not even in the form of it's kind of a slight of hand here because he says we need some Old Testament justice when it comes to reform. But you know, this was not someone who was for breaking up the big banks. And even in this rehap, he doesn't say that any of these bankers should have gone to prison. He's just saying like, oh, we should have had we should have been more aggressive about how
we messaged about reform. Basically is his take here. So I don't know what he has planned. We can put this up on the screen the Chicago sometimes say he's ruled out being DNC chair, but as far from done with politics, do you think this man? I think he might have the arrogance to think he could run for president.
Oh definitely, because the.
Other logical thing would be governor of Illinois. JB. Pritzker is already in there, and I think he can run for reelection again, and I think is planning to. And rom has already said he'll be one hundred percent behind JB. Pritzker were he to run for governor again. But maybe that's what he has in mind, is that governor cee baby JB is thinking he's going to run for president. I don't know, but you definitely have not heard the last of ram A manuals.
He never gave up. By the way, it's funny, I just came from Japan. He pissed a lot of people off in Japan. Oh really, as our ambassador, Yeah, he did some social meddling over there where. It's it's complicated, but basically they were there debating gay marriage in Japan, and Rama Manuel tried to insert himself and he actually tried to like pursue like a big media profile. It actually caused like a major diplomatic incident in the country
in general. From what I heard when I was at Tokyo, he's not one of the most well liked ambassadors to ever be in the country. It was actually weird that he decided to go over there at all, especially because maybe it was a decision by Biden to get him out of the country very very possible.
Yeah, well, we were all, remember we were tracking closely at the beginning of the Biden administration, like, oh my god, they're going to bring Rama Manuel back because he was floated for a lot of like actually influential position. I mean, not to like downplay ambassador in Japan. I'm sure that's important blah blah blah, but it's not that influential in terns of unfortunate actual policy setting. So we were all
kind of relieved. We're like, all right, fine and rams in Japan, let them deal with And my guess it's a.
Side thing, but it's really sad. Actually, have you seen that show the diplomat I've only watched it now. This is terrible in my like, realistically, it's awful. I don't know about the actual plot. I just couldn't get over the differences. But the biggest conceit of the show is the idea that the ambassador matters and guys ambassadors have not mattered since Peple can pick up the phone and talk to each other, like ever since that red line or what was it the red phone between John F.
Kennedy and Khrushchev that killed great ambassadorships. That's why billionaires love it because they get to go over there and just live in the official rent residence in Galivant around the country for like four years. But that's an aside. So anyway, the Diplomat fake show, completely fakeness.