American President Learns Percentages Can Exceed 100

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📖 Transcript

Apr 8, 2025

Meeting Apr 8, 2025 at 12:48 PDT - Transcript

00:00:00

Nathan Brady: Okay. f****** noises. All right.
Mike Smith: Oh god. Stal Jones is currently down almost 800 after
Nathan Brady: Yeah,
Mike Smith: starting the day nearly up 900. Going to have a 2,000 point swing today.
Nathan Brady: I like it. Um, okay. I am feeling wrecked. You ready? ready to do this?
Mike Smith: You feeling ready? You ready to go?
Nathan Brady: Yeah. You ready to go?
Mike Smith: Let's f****** do it.
Nathan Brady: All right. Here we go.
Mike Smith: Antifa
Nathan Brady: Hey everyone and welcome to another episode of the Blues Edition podcast. Uh I'm Nate Brady alongside a member of uh where'd you say you were from? Trend Ara, uh Mike Smith.
Mike Smith: trende, whatever. They're the same
Nathan Brady: Yeah.
Mike Smith: for me.
Nathan Brady: I
Mike Smith: Yeah,
Nathan Brady: mean, come on. Welcome. Uh how's it going, Mike?
Mike Smith: I'm I'm doing about as well as everybody else, which is not good. Nobody is doing well today.

00:01:31

Mike Smith: We've got a lot of cover here, but uh
Nathan Brady: Well,
Mike Smith: no,
Nathan Brady: it
Mike Smith: it's
Nathan Brady: the
Mike Smith: not
Nathan Brady: stock
Mike Smith: going well.
Nathan Brady: the the stock market's up uh the Dow Jones is up like a thousand points, right? I mean, well, I I looked this
Mike Smith: It
Nathan Brady: morning.
Mike Smith: started that way.
Nathan Brady: Wait, what happened? What do you mean? It was up a,000 points. Everything's great. Let me just type in Dow Jones
Mike Smith: Yeah. Just
Nathan Brady: into
Mike Smith: just
Nathan Brady: the search bra.
Mike Smith: look.
Nathan Brady: Down 800. What happened? What happened? Is this something we should be talking about?
Mike Smith: This is what we're going to talk about. It's our first story today.
Nathan Brady: Oh,
Mike Smith: So,
Nathan Brady: okay.
Mike Smith: we're ju we're
Nathan Brady: Kick
Mike Smith: just
Nathan Brady: it
Mike Smith: gonna
Nathan Brady: off.
Mike Smith: jump right in.
Nathan Brady: Yeah. Yeah.

00:02:05

Nathan Brady: Nobody wants to hear the the the banter and all that noise. They just want to hear what's going on in the world. So, what do you got?
Mike Smith: I I got tariffs on China have been set to raise to 104% at midnight tonight according to the White House.
Nathan Brady: So tariffs uh aka the tax we impose on ourselves to import goods from other countries
Mike Smith: Yes.
Nathan Brady: are being raised over. So somebody showed the president of the United States that uh percentages can go above 100%. Is this
Mike Smith: Yeah, that's
Nathan Brady: is this?
Mike Smith: that's a that's a good point.
Nathan Brady: Oh man. Okay.
Mike Smith: Yeah. No. So, I mean, you know, if if you were an American as a hypothetical and
Nathan Brady: Okay.
Mike Smith: you really enjoyed all of that, you know, uh what do they call it? Drop ship uh style crap you can buy on Amazon or Teemo or whatever. I mean, it's
Nathan Brady: Okay.
Mike Smith: just going to double the price of it.

00:03:08

Mike Smith: So, I hope that doesn't deter anybody.
Nathan Brady: Okay. So, so I guess it makes sense. So, the the market must have he must have done this today. Uh, and the market has reacted and he's
Mike Smith: And it's
Nathan Brady: saying he's
Mike Smith: definitely done reacting. The market's
Nathan Brady: it
Mike Smith: not going to react anymore to tariffs as the time moves forward. That's
Nathan Brady: well
Mike Smith: not
Nathan Brady: the
Mike Smith: it's
Nathan Brady: the good news uh is that the tariffs didn't even go into effect today. um they go into effect tomorrow, April 9th. So there will be even more. So the Dow as I understand it now with 800 down today is down something like what 34,000 points and the it doesn't matter right because money doesn't mean anything but it actually does have an impact on uh the world. I I
Mike Smith: Yeah. Yeah. The thing that I think that most people I I don't think that your average American understands what what the tariffs are actually doing uh in principle.

00:04:08

Mike Smith: And I don't know how anyone can be moving merchandise like this at at present. Like if you're a drop shipper on Amazon and all you're doing is getting cheap Chinese crap imported, you know, and then selling it again because that's how drop shipping works basically. I guess you're paying those tariffs at the time of import now and you're gonna have to pass along those costs to the end consumer. So, does that just mean like nobody's buying any of this stuff now? Or do they see that the thing that they bought, say it's a pair of shoes or something, right? That they bought a pair of shoes six months ago, they're going to buy the same pair of shoes or or very similar pair of shoes now because they need them and they're twice as expensive. Does anybody see that yet?
Nathan Brady: I mean, there I I I don't know that they're going to see it. Well, well, here's the thing, right? So, prices were already raised um prior to Trump even taking office
Mike Smith: Right.

00:05:02

Nathan Brady: in January. We we talked about this in
Mike Smith: Yeah.
Nathan Brady: maybe,
Mike Smith: Yeah.
Nathan Brady: you know, 10 weeks ago in one of our episodes where companies were already preparing for tariffs. But
Mike Smith: Of
Nathan Brady: let
Mike Smith: course.
Nathan Brady: let's ex let's explain how how uh if you don't know how capitalism works. These companies rose their prices in preparation for tariffs. Y'all got accustomed to those prices and paying
Mike Smith: Sure.
Nathan Brady: th paying that right. They're going to raise prices again and they're going to they're going uh they're going to profit they're going to profit on this either way. Now the the problem is going to be that that the number of units sold is going to shrink for all of these companies whatever it is iPhones
Mike Smith: Sure.
Nathan Brady: Android what whatever it is okay and to make up for that in order to make the investors happy that the they're going to have to find the balance of okay how much more can we increase the price to make sure profits stay the same or go up obviously profits always have to go up and to the right for their investors even if we sell fewer units.

00:06:04

Nathan Brady: So, the people that that quote unquote can't afford it um are are still going to be burdened by this huge price increase. I think I saw somewhere uh iPhones, you know, like the newest iPhone, it was like it was it would theoretically this price increase would go from 1,100 to like 1500 or something absurd
Mike Smith: Okay.
Nathan Brady: like that,
Mike Smith: Okay.
Nathan Brady: like the new
Mike Smith: Yeah,
Nathan Brady: iPhone,
Mike Smith: sure.
Nathan Brady: right? Um, so no, you're not seeing the impact of these tariffs like I don't think today, although we we are kind of we saw companies already raising prices. We're we're seeing that inflation is no longer slowing down. Um, and you're going to see probably within the next several weeks companies announce um price hikes as a direct result of these tariffs. 've already seen the Nintendo Switch 2
Mike Smith: Yeah.
Nathan Brady: um say that they've halted pre-orders due to the tariffs.
Mike Smith: Yeah. Can't even
Nathan Brady: Um
Mike Smith: get on the list.
Nathan Brady: you can't you can't get on the list just because of well now they have to go back to the drawing board as far as pricing goes because this is going to affect the models that they currently don't have in production and then also the models that are going to be uh imported into the United States.

00:07:13

Nathan Brady: So,
Mike Smith: Right. Which they mainly all are in the case that they switched to. They're all manufactured in Japan. So
Nathan Brady: right.
Mike Smith: I mean it's not the China 104% tariffs, but it's still quite high. And to the point where Nintendo said, can we sell to the US? Like are we losing money this way? Should we just wait?
Nathan Brady: Yeah.
Mike Smith: And I
Nathan Brady: And
Mike Smith: think that
Nathan Brady: then
Mike Smith: you're
Nathan Brady: I
Mike Smith: right. There's going to be a lot of companies who are going to be like, if what if Trump has like, you know, the greatest dinner at a Japanese restaurant and he lowers the tariffs on Japan next week, you know, because he, you know, flies by his emotions. He's crazy
Nathan Brady: So,
Mike Smith: that way.
Nathan Brady: was was the 90day uh pause like fake news? There were, you know, we we
Mike Smith: I
Nathan Brady: had
Mike Smith: don't know.
Nathan Brady: the this whole, you know, this whole Oh, he's obviously realized how stupid he was.

00:08:03

Mike Smith: Right,
Nathan Brady: Uh
Mike Smith: right,
Nathan Brady: I
Mike Smith: right.
Nathan Brady: think the market the market reacted
Mike Smith: Was
Nathan Brady: um
Mike Smith: that just
Nathan Brady: this
Mike Smith: with Mexico and Canada, though?
Nathan Brady: uh I thought it was everyone but China. So, let's let's get our let's get our information straight here.
Mike Smith: Let's square this away. And while while you're looking that up, I just have a couple of quick tidbits about China here. Uh, in 2024, the US imported approximately $439 billion worth of goods. They primarily were electronics, uh, machinery, furniture, textiles, apparel, footwear, plastics, and rubber. So, a lot of like endgrade consumer goods. You wouldn't expect this to be like minerals or or metals, you know, things like that. Um, and you touched on a little bit ago about like companies that would would be seeing that sort of problem. You can imagine like Americanmade auto manufacturers might be being hit by tariffs on imported steel for instance. Uh but that's not that's not apparently a concern with China specifically.

00:09:04

Mike Smith: It's just all this consumer grade garbage that people buy.
Nathan Brady: Um, I got duped and I didn't I
Mike Smith: Oh,
Nathan Brady: haven't even seen
Mike Smith: you got fake news.
Nathan Brady: I haven't even seen this come across. Um, multiple uh, you know, we're following kind of multiple news sources and things and I haven't even seen this come across. uh Trump the 90-day tariff pause was a rumor uh and this was part of the whipssaw
Mike Smith: It says a misquote claim that
Nathan Brady: the
Mike Smith: President Donald Trump
Nathan Brady: yeah so let's see a misqued
Mike Smith: Jeez,
Nathan Brady: claim that President Donald Trump is considering a 90-day pause on his farreaching reciprocal tariffs is fake news the White House said Monday as
Mike Smith: we
Nathan Brady: Trump
Mike Smith: missed
Nathan Brady: champions
Mike Smith: it. Wow.
Nathan Brady: what I
Mike Smith: That makes sense. I mean, he's clearly not pausing it. But the other thing, though, is that he would say that even if even if he did say it, even if Trump was like, "I'm definitely having a 90-day pause."

00:10:02

Mike Smith: Then today, he's like, "I never said that. You all made that up. That's fake news." That's just what
Nathan Brady: Yeah.
Mike Smith: he would say.
Nathan Brady: But I mean what's interesting is this came out on Monday which again I haven't seen it right. This came out yesterday. Um, so the but the I I was expecting that the market was reacting to that news this morning. That's why the Dow was up a,000 points until they were like, "But never mind. But don't but China is going to be 104%." So in
Mike Smith: Yeah.
Nathan Brady: actuality, all of the tar all of the tariffs are still in place.
Mike Smith: So, what was the bounce from this for everybody? Just so we're clear, when the markets opened this morning, the Dow Jones was up like 900 points. So, like everybody, every stock trader in America thought everything was going to be great. And then a few hours later when Trump announces this 104% China tariff, the stock market's bottomed out.

00:10:51

Mike Smith: It's basically moved 100% in the other direction. But yeah, I'm
Nathan Brady: Yeah.
Mike Smith: wondering what the big bounce was for.
Nathan Brady: I mean I think uh most uh most analysts agree that there was optimism um in tariff reductions with key trade partners and negotiations and
Mike Smith: Okay.
Nathan Brady: that quickly as particularly China especially China they thought that this wouldn't happen this 104% uh bump wouldn't happen and it turns out well you there's there is a maniac uh in charge you know
Mike Smith: There's a
Nathan Brady: there
Mike Smith: horse in the hospital.
Nathan Brady: yeah there's a and he's loose in the hospital.
Mike Smith: That's one
Nathan Brady: Uh
Mike Smith: of my favorite bits.
Nathan Brady: so
Mike Smith: Yeah.
Nathan Brady: um
Mike Smith: So, there was a quote. I know what you're talking about here. Uh I'm trying to figure out who actually said this, but it was something like China has to make a deal and they're they want to do it, but they don't know, you know, what what it will take to make the deal happen.

00:11:50

Mike Smith: You know, you know the quote I'm talking about.
Nathan Brady: um No.
Mike Smith: Oh, yeah. Here it is. Here it is. I'm trying to figure out who this she so this is uh leave it I believe L avi
Nathan Brady: Yeah, that's
Mike Smith: um
Nathan Brady: the the press secretary,
Mike Smith: right press she says the Chinese want to make a deal they just don't know how to do it um countries
Nathan Brady: right?
Mike Smith: like China who have chosen to retaliate and tried to double down on their mistreatment of American workers are making a mistake President Trump has a spine of steel and he will not break I don't how
Nathan Brady: I
Mike Smith: how
Nathan Brady: mean,
Mike Smith: do the
Nathan Brady: China,
Mike Smith: workers factor into this? What kind of statement is that?
Nathan Brady: no.
Mike Smith: And
Nathan Brady: Ch
Mike Smith: what
Nathan Brady: China,
Mike Smith: kind of deal is are they trying to play at
Nathan Brady: no. There's there's no deal. They're they're they obviously they're consistently talking out of their ass.

00:12:43

Nathan Brady: China has
Mike Smith: right?
Nathan Brady: made it very clear that um they're they're they're
Mike Smith: They're just
Nathan Brady: not
Mike Smith: going to
Nathan Brady: caving
Mike Smith: mirror
Nathan Brady: on
Mike Smith: the
Nathan Brady: this.
Mike Smith: tariffs. They they
Nathan Brady: Yeah.
Mike Smith: said that. They
Nathan Brady: Yeah.
Mike Smith: didn't use the word reciprocal because they're not stupid. They said, "We will mirror the tariff imposements that you make."
Nathan Brady: Yeah.
Mike Smith: And
Nathan Brady: Um
Mike Smith: and then
Nathan Brady: and
Mike Smith: and then Trump in his wisdom then says like, "You're hurt. You're attacking us. I'm going to triple them now." And they're like, "We're
Nathan Brady: yeah.
Mike Smith: just going to put the same tariff number up. What are you doing?"
Nathan Brady: Um,
Mike Smith: Okay, I want to I want to get back to it because I think
Nathan Brady: okay.
Mike Smith: that the thing that that goes sort of either misunderstood or not said or something about all of this stuff is how it does impact American workers.

00:13:25

Nathan Brady: Mhm.
Mike Smith: So, as you said, we're talking about these companies. They've got profits that they have to, you know, they're working towards. They've got shareholders in many
Nathan Brady: Right.
Mike Smith: cases that are they've
Nathan Brady: Sure.
Mike Smith: got to respond to. And so a lot of the time in situations like this, the only way to remain profitable when these tariffs are are such a big player in your uh in your company is by doing layoffs, right?
Nathan Brady: Right.
Mike Smith: Because
Nathan Brady: Okay.
Mike Smith: you're not you can't make more product and you can't do it cheaper. So what do you do? You
Nathan Brady: Well,
Mike Smith: have to
Nathan Brady: we
Mike Smith: lay
Nathan Brady: already
Mike Smith: people off.
Nathan Brady: we already had an a um Stellantis uh furoughed 900 auto workers immediately due to these tariffs.
Mike Smith: Wow. Just
Nathan Brady: 900.
Mike Smith: like
Nathan Brady: Yeah. Yeah. And um there was a survey, a CNBC survey that said 37% of CEOs um surveyed anticipate layoffs d as a direct cause of the tariffs in in 2025. So can we just recap here?

00:14:27

Nathan Brady: Um tariffs is a tax on American consumers. Um, and we we've we've increased tariffs an insane amount across the board, all countries, including ones that we don't even uh receive imports from where just penguins exist. Okay. Um, so now consumers, the average consumer household is going to be spending a lot more money per year um due to these tariffs on consumer goods, food, etc. At the same time we are deporting uh migrant workers
Mike Smith: right?
Nathan Brady: uh who are who are collecting you know who who are doing jobs like gathering food and produce etc. Um they're doing they're doing other jobs to to to uh assemble parts and factories right that that were imported from these other countries. So we're we're eliminating that use of labor in the United States and now we're laying off workers. um
Mike Smith: Yeah.
Nathan Brady: you know, which I assume are legitimate US, you know, US-based citizens. So,
Mike Smith: Yeah.
Nathan Brady: tariffs, deportations, and layoffs combined, what the hell do we think is about to happen?
Mike Smith: Well, I think the most conservative view would be that we are headed for probably one of the biggest recessions we've seen in the last 20 years.

00:15:48

Mike Smith: But that's the
Nathan Brady: I
Mike Smith: conservative
Nathan Brady: mean,
Mike Smith: view.
Nathan Brady: yeah,
Mike Smith: I
Nathan Brady: I
Mike Smith: think the
Nathan Brady: mean
Mike Smith: more
Nathan Brady: a
Mike Smith: realistic
Nathan Brady: hundred years.
Mike Smith: view is that you might be looking at a an incoming depression if they don't quickly write the ship. Um,
Nathan Brady: Uh
Mike Smith: I
Nathan Brady: yeah.
Mike Smith: I'll point out as well because I think that this is relevant that the the Trump admin had been touting at the end of last week about the jobs report that came out. Um, actually, I guess it came out yesterday, excuse me. Um, and they were talking about how, you know, we added 228,000 jobs. They forecast that it was forecasted to be about 140,000 jobs added. They overshot that. 228,000 obviously is better. Employment rate ticked up slightly to 4.2%. It went up by like a tenth of a percent. It's not that bad.
Nathan Brady: I mean,
Mike Smith: And they were saying they were using this to say the tariffs are working and blah blah blah blah.

00:16:37

Mike Smith: And they're like this is the jobs report for the first quarter. The tariffs were announced and enacted after the first quarter. These
Nathan Brady: And
Mike Smith: jobs reports don't have anything to do with the tariffs yet.
Nathan Brady: and also I don't want to put, you know, I don't want to use the Republican
Mike Smith: Sure.
Nathan Brady: playbook here, but sometimes you have to. How do we how do we even trust these numbers? I mean, they're they're, you know, who's putting these numbers together? Uh who's vetting these numbers? And then if the White House is releasing them, there's no way they weren't massaged, right? Uh so I I don't know. I I I truly don't know. I'm actually asking that question because it's always been something
Mike Smith: Yeah. It's it's
Nathan Brady: that
Mike Smith: it's the it's it's uh the Bureau of Labor Statistics. So it's it is a government group. It's
Nathan Brady: Okay.
Mike Smith: supposed to be independent of the admin, but as we're

00:17:26

Nathan Brady: Oh,
Mike Smith: seeing
Nathan Brady: sure.
Mike Smith: from the Elon everything, you know,
Nathan Brady: Yeah.
Mike Smith: like you said, it it has definitely lost the sense of legitimacy or credibility because he's got his tentacles in all branches of the government. And we saw that with the takeover of um Center for Peace or whatever it was called. It's like they literally came in with with uh uh armed guards to try and take over the building because they were refused entry. Uh so I don't know. I think that I want to believe that the Department of Bureau and Labor Statistics is it's just it's regular. I mean, we do a jobs report in this country every quarter. It's just it's been done for that way for a long time. I want to believe it's still legitimate, but it I'm with you that it's sort of they've lost a lot of credibility.
Nathan Brady: Right.
Mike Smith: Not the
Nathan Brady: Um.
Mike Smith: bureau specifically, but just like the whole government and
Nathan Brady: Oh,
Mike Smith: everything

00:18:18

Nathan Brady: yeah.
Mike Smith: even touching. It's It's like
Nathan Brady: Right.
Mike Smith: they've got their stink on everything and we're like,
Nathan Brady: Yeah.
Mike Smith: can we
Nathan Brady: Yeah.
Mike Smith: trust Can we Can we trust this?
Nathan Brady: Don't don't don't know who or what to trust anymore. Um, so
Mike Smith: Right.
Nathan Brady: yeah.
Mike Smith: Right.
Nathan Brady: I mean, so I think another thing that you wanted to talk about today, but somewhat related to this, is that there there is at least now um a a group a bipartisan effort in Congress to
Mike Smith: Yes.
Nathan Brady: put a stop
Mike Smith: Yeah.
Nathan Brady: to this. Um I
Mike Smith: Well,
Nathan Brady: can
Mike Smith: I
Nathan Brady: pull it
Mike Smith: mean, it's
Nathan Brady: up
Mike Smith: it's
Nathan Brady: here.
Mike Smith: like it's like you and I were talking about like I think you're right probably like 10 or 20 episodes ago at this point where we're like the people with the money. They're going to have their say. They're and and the government

00:19:03

Nathan Brady: Right.
Mike Smith: better do it right or they're going to have
Nathan Brady: Right.
Mike Smith: a problem. And I will say that that Trump coming into this second term, he had a lot of big money people behind him pushing that campaign forward. Obviously Elon is the most visible of them all, but there were tons of companies and heads of companies who were championing him on because they thought it would be good for the economy, good for their bottom dollar at
Nathan Brady: Right.
Mike Smith: the end of the day, right? Well, you make it bad for their bottom dollar for a few weeks like this and it's this bad every day. They're
Nathan Brady: Yeah.
Mike Smith: No, the even even your MAGA Republicans in the House are aren't going to vote against you. You're going to
Nathan Brady: I
Mike Smith: have trouble.
Nathan Brady: mean, what Yeah. One of the favorite uh one of my favorite quotes that has come out recently and uh we posted it to the blue sky. Let me see if I can find it.

00:19:52

Nathan Brady: was
Mike Smith: Yeah.
Nathan Brady: uh in the in the Rolling Stones magazine. Um a Here it is. Here it is. I'm not willing to go public yet, but I will say this. I don't know if I would be this worried about what will happen to the economy if Bernie f****** Sanders were president. One big Trump GOP donor says, "That's how bad this is." A Trump donor said basically, "I think I'd rather have Bernie Sanders right now.
Mike Smith: I So, this is completely tangential, but I think it's interesting. You and I are obviously politic freaks. We love this stuff. I mean, we hate what's going on, but we love to talk about it. We love to theorize and and and just play a politics and things like that. And I think that a growing sentiment amongst people younger than us, at least from my experience, is one of um accelerationism where they're
Nathan Brady: Oh,
Mike Smith: like
Nathan Brady: totally.
Mike Smith: they're like, you know what, I kind of hope Trump burns everything down because what do I got going on?

00:20:58

Mike Smith: You know what I mean?
Nathan Brady: Yeah.
Mike Smith: And so I'm wondering if that's the pendulum swing that we're seeing here of like Trump voters being like, "Man, this guy set$ two trillion dollars on fire this week and Bernie just wanted a a measly half billion for healthc care for all."
Nathan Brady: Right. Yeah.
Mike Smith: And then they just maybe we'll go
Nathan Brady: Well,
Mike Smith: swing
Nathan Brady: I
Mike Smith: that
Nathan Brady: mean,
Mike Smith: way.
Nathan Brady: of of course Bernie Bernie's healthcare plan would have cost a lot of money, but yeah, like you just said, I think it was something like $7 trillion in uh the stock market last week just disappeared
Mike Smith: on fire. Just gone.
Nathan Brady: on fire.
Mike Smith: That that
Nathan Brady: I mean,
Mike Smith: the wealth
Nathan Brady: I
Mike Smith: is gone.
Nathan Brady: I' I'd rather Bernie Sanders have been, you know what, I'm gonna steal seven million, seven trillion dollars from the stock market and then
Mike Smith: Jesus.
Nathan Brady: give everybody healthcare.
Mike Smith: Yeah. Yeah.

00:21:49

Nathan Brady: Um, so I think no,
Mike Smith: No,
Nathan Brady: I
Mike Smith: I
Nathan Brady: think you're right. I think that's what a lot of young uh voters, especially the people I've talked to, uh they're like, "Well, I don't what do I have? I can't I can't buy a house. I can't afford health care."
Mike Smith: Right.
Nathan Brady: you
Mike Smith: Right.
Nathan Brady: know, uh I
Mike Smith: A
Nathan Brady: mean
Mike Smith: lot of people
Nathan Brady: I
Mike Smith: can't afford
Nathan Brady: went through
Mike Smith: like a car. You can't buy a car now.
Nathan Brady: you
Mike Smith: Cars,
Nathan Brady: can't Yeah.
Mike Smith: the tariffs are going to make the cars go 50% more high.
Nathan Brady: Yeah. That that $19,000 brand new Kia you could have gotten a couple of years ago is now a $50,000 luxury car. I mean there's
Mike Smith: Oh,
Nathan Brady: no I I mean this is insane. It's it's literally insane. and the billionaires um including Elon Musk by the way who is is today in the last couple of days attacking um Navaro uh which we're all like oh the worst person you know is is makes

00:22:39

Mike Smith: you're
Nathan Brady: a great
Mike Smith: actually
Nathan Brady: point.
Mike Smith: right about something.
Nathan Brady: Yeah.
Mike Smith: Yeah.
Nathan Brady: Um is is attacking uh Trump's trade uh secretary or you know what whatever his official title is. So, we're seeing the richest men in the world going, "Bro, do you even understand capitalism?" Because
Mike Smith: Yeah. Yeah.
Nathan Brady: you're, if you just literally destroy uh th this this house of cards that's granted, you know, held up together by toothpicks and tape and whatever. Uh but if you destroy this, all of our worth gets destroyed as well. I mean, if you if you have a bunch of people coming after us with pitchforks and torches,
Mike Smith: Yeah. Yeah.
Nathan Brady: you know, and and they can't afford anything, you're kind of hurting us, too.
Mike Smith: Yeah. Well, and and you know, like you said at the beginning of this thing, the tariffs are imposed or they're self-inflicted wounds.
Nathan Brady: Yeah,
Mike Smith: We impose them on ourselves. And it's
Nathan Brady: it

00:23:34

Mike Smith: like
Nathan Brady: is attacks on
Mike Smith: you
Nathan Brady: yourself.
Mike Smith: you can't Yeah. You're basically saying, "I want to raise the price of Kia cars. That's what I want to do. I want to make it more expensive for Americans to buy a Kia." And why? Because you don't like China or wherever they're from. I don't know if they're Taiwanese or Japanese or whatever, but I know
Nathan Brady: Right.
Mike Smith: that's the only reason. And
Nathan Brady: Well,
Mike Smith: then
Nathan Brady: I mean,
Mike Smith: I think that a common response to that amongst the right is to buy American, right? But in a lot of cases, the value is just not there.
Nathan Brady: well,
Mike Smith: I
Nathan Brady: that's
Mike Smith: can
Nathan Brady: the
Mike Smith: buy I can buy something that gets me most of the way to the product I want for dirt cheap from China, right? I
Nathan Brady: Right.
Mike Smith: can buy a pair of boots from China and they might not be the greatest boots, but they're going to cost seven whole dollars.

00:24:19

Mike Smith: You know what I mean? And they're like, "Buy American." I'm like, "My brother, American boots at the cheapest are like $200. I'm not going to spend that kind of money." And you saying that to the American people who rely on this cheap crap are like, they can't afford that. They're just not going to be able to.
Nathan Brady: So, I heard a great interview this morning on Democracy Now um with I'm going to forget his name, but he uh he works he's part of the Union for uh you know, American auto workers, right? and
Mike Smith: Okay.
Nathan Brady: he
Mike Smith: Yeah.
Nathan Brady: said, "Listen, I'm not opposed to tariffs. I understand the point of tariffs, but like you want to do tariffs, right? Impose a tariff on companies uh like in China, for instance, that um are violating human rights, you know, that are violating
Mike Smith: Yeah. Yeah.
Nathan Brady: rights. You know, you want to do it that way. I get that. But, you know, the thing that we're doing right now where we're imposing tariffs across the board, the if you if you want to pretend like Trump and his trade adviserss have a brain, their point is we want to we're we're doing this tax to to like you said force Americans to buy American, but we're not even producing some of these things here yet.

00:25:29

Nathan Brady: It's and
Mike Smith: Right.
Nathan Brady: there's not factories that are going to suddenly be able to break ground now just because of these tariffs. That's not how it works. It's not like,
Mike Smith: Right.
Nathan Brady: oh, I impose 104% uh tariff on China, so that means that some some American company is just going to be able to they're going to see like, oh, there's a need now because we're playing paying double that. So, I'm going to create a factory in the United States, hire American workers. First of all, that's going to take, you know, five years
Mike Smith: four
Nathan Brady: to
Mike Smith: years.
Nathan Brady: a decade, you know, seriously. But not only
Mike Smith: You're
Nathan Brady: that,
Mike Smith: like,
Nathan Brady: you've also made it insanely more expensive for them to even break ground on
Mike Smith: Right.
Nathan Brady: building that factory. So
Mike Smith: Right.
Nathan Brady: it's just it's just there's no plan. There's there was no well it was so clear there was no
Mike Smith: No,
Nathan Brady: wellthoughtout

00:26:15

Mike Smith: no.
Nathan Brady: plan for this that I mean um somebody somebody's going to get fired. Uh you know there the the dominoes are going to start to fall. Trump, of course, is going to stand his ground and say, you know,
Mike Smith: Yeah.
Nathan Brady: this this was the liberation day. This was the greatest thing we've ever done. Whatever. And when he rolls them back, he's going to blame other people and or just say, "We did it." Like, "We
Mike Smith: Yeah.
Nathan Brady: won."
Mike Smith: He's gonna he's going to claim success. He's going to do the
Nathan Brady: Right.
Mike Smith: George Bush. He's gonna have a big banner that said mission accomplished.
Nathan Brady: Mission accomplished. Right. Totally. Yeah.
Mike Smith: f******
Nathan Brady: And and and we we beat China on tariffs and the rest of the world is going to laugh at him. The Trump supporters are going to go, "We did it." And everything is going to remain expensive for a very long time.

00:26:55

Nathan Brady: and until things start hopefully ever settling down again.
Mike Smith: and
Nathan Brady: It's
Mike Smith: the Dow's going to be down 4,000 points.
Nathan Brady: right. I mean, well, yeah. I mean, uh I don't know when the futures numbers start coming out, but I I can already imagine tomorrow does not look good. Um
Mike Smith: It's got to be It's got to be just a wrecking ball.
Nathan Brady: yeah, the futures index already right now looks down f Dow will open as of right now. The Dow will open tomorrow down 500 points. That's as of right now. And so that should continue um in the wrong direction. Now I I will say obviously um as uh a person with a little bit of privilege, I have a 401k. I have lost almost six figures this year in
Mike Smith: Yeah.
Nathan Brady: value in my 401k.
Mike Smith: Yeah.
Nathan Brady: Um and it's not and it's not done yet. This is going to be a huge hill for me to climb. But don't

00:27:52

Mike Smith: Yeah.
Nathan Brady: forget about me. There are and I understand there are a lot of people that don't even have a 401k. This doesn't this kind of thing doesn't affect them in that way, but it affects them in other ways. But there are also uh people in their 50s and 60s who are nearing retirement who you know this
Mike Smith: Oh,
Nathan Brady: this
Mike Smith: this has
Nathan Brady: is
Mike Smith: got to
Nathan Brady: it.
Mike Smith: be terrifying. This has got
Nathan Brady: the
Mike Smith: to be the scariest thing they've ever lived through.
Nathan Brady: I mean, yeah. I mean, there are
Mike Smith: I
Nathan Brady: people
Mike Smith: remember
Nathan Brady: that are
Mike Smith: hearing uh just because of the the age uh a lot of my parents and their cohorts were retiring, you know, between like 2005 2010. And
Nathan Brady: right.
Mike Smith: 2008 was the scariest thing that they'd ever lived through. The the the uh the tech bubble burst in
Nathan Brady: Right.
Mike Smith: 2008.
Nathan Brady: The
Mike Smith: Stock market

00:28:36

Nathan Brady: the
Mike Smith: dropped
Nathan Brady: housing
Mike Smith: like
Nathan Brady: crash,
Mike Smith: crazy.
Nathan Brady: the Yeah.
Mike Smith: The housing crash came along with two.
Nathan Brady: Right. I mean,
Mike Smith: This is like that but just because he wants to impose tariffs
Nathan Brady: it's just
Mike Smith: and
Nathan Brady: he
Mike Smith: and
Nathan Brady: he created
Mike Smith: it shows
Nathan Brady: this
Mike Smith: no signs of slowing.
Nathan Brady: he created this out of thin air. This isn't COVID. This isn't something that h you know this. He just he just woke up in the morning, chose violence, and then here we are. Um
Mike Smith: Yeah.
Nathan Brady: so, but anyway, if you want to laugh, if you want to laugh while we're all going down, at least we're all going down. It also means Tesla is down 41 a.5% year-to date so far, which
Mike Smith: I
Nathan Brady: is
Mike Smith: know.
Nathan Brady: just hilarious.
Mike Smith: It's it's I think it really speaks to people who aren't aren't on they're not they're not uh online all the time like we are.

00:29:27

Mike Smith: They don't
Nathan Brady: Right.
Mike Smith: they don't understand Elon Musk. They don't they they only they only see the persona that he had put out over the last 20 years which was like this you know uh Iron Man Tony Stark like Asberers but really genius because that's just how they like portrayed him in the media and he held
Nathan Brady: Right.
Mike Smith: himself. I think a lot of us fell for that for a long time. And the more you actually spend time reading what he writes on Twitter or listening to him talk to people who challenge him um on any issues just in general, the more people are like, "Wow, this guy is a real piece of s***.
Nathan Brady: Yeah. Yeah. I mean, I remember the first book I read where I was like, "Okay, I mean, I I I I'll say I kind of fell for it in very very early on, like,
Mike Smith: Yeah.
Nathan Brady: who is this
Mike Smith: Yeah.
Nathan Brady: guy?" But I will say my Spidey sense was tingling, always tingling with him.

00:30:20

Nathan Brady: And it would just it be I'm I'm when I when I bought my car in 2020, I bought I
Mike Smith: Yeah.
Nathan Brady: unfortunately own a Tesla that I'm still trying to get out of. I even then knew, man, you know, I I don't know about this guy, but I've always I fell for the car. I fell for it. You know, I
Mike Smith: Yeah.
Nathan Brady: was like, this is the future, you know, nobody else was doing it better at the time. I
Mike Smith: Right.
Nathan Brady: wanted an electric car.
Mike Smith: No, I
Nathan Brady: I mean,
Mike Smith: I'm big enough to
Nathan Brady: you
Mike Smith: admit
Nathan Brady: know,
Mike Smith: that I I completely fell for it. I thought,
Nathan Brady: right?
Mike Smith: man, I really like what Tesla's doing. I think electric vehicles is a way to a greener future. I think that it's an American business, and they were they were fighting and upending the dealership strangle hold that we have here in California, but in other states as

00:31:05

Nathan Brady: Right.
Mike Smith: well. And I liked a lot of it. I bought into that and I sort of associated all that stuff with Elon Musk, the figurehead. And then as we see more and more of who he is and what he stands for, I'm like, "Oh my god, I hate this. I have been so
Nathan Brady: Yeah.
Mike Smith: duped."
Nathan Brady: Yeah. And and and that's the problem, right, for for Tesla right now is that everybody's still associating because he still is the CEO uh
Mike Smith: Yeah.
Nathan Brady: of Tesla.
Mike Smith: Yeah.
Nathan Brady: everyone's associate now you drive a Tesla and it's like okay you either have a bunch of stickers on your car now that are that say like behead Elon Musk or you know if you don't have any of that you're assumed to be a Nazi driving a
Mike Smith: Right.
Nathan Brady: Nazi car
Mike Smith: Right.
Nathan Brady: you know
Mike Smith: Right.
Nathan Brady: so it's a
Mike Smith: Yeah,
Nathan Brady: it's it's really it's it's crazy and I can't unbelievable that that Tesla and the board of directors aren't trying to figure out a way around that because you know he's still going through that stuff with Tesla where he's trying to get like some ridiculous multi-tens

00:31:56

Mike Smith: he wants his
Nathan Brady: the
Mike Smith: incentive
Nathan Brady: billions
Mike Smith: package. Yeah.
Nathan Brady: pay payout or whatever while while the stock is crashing
Mike Smith: Yeah.
Nathan Brady: not not just because of Trump but also because of the things that Elon Musk is doing. I mean
Mike Smith: Right.
Nathan Brady: I this
Mike Smith: A
Nathan Brady: podcast
Mike Smith: lot to
Nathan Brady: will
Mike Smith: say.
Nathan Brady: never be financial advice. I
Mike Smith: Yeah.
Nathan Brady: would I would short the hell out of Tesla right now if I were in that game. I know there's a ton of shorts out there. I know shorts get hurt. It's a very risky game playing in in stock options, but that that stock is on its way to zero because
Mike Smith: Yeah.
Nathan Brady: not only can can regular
Mike Smith: Well, okay.
Nathan Brady: MAGA folk not buy a Tesla, but soon people that could be able to afford a Tesla that used to be able to afford a Tesla won't be able to afford one anymore either.

00:32:42

Mike Smith: Right. Right. So, let me ask you this.
Nathan Brady: Okay.
Mike Smith: Um, you obviously, again, this is not a a financial advice or a financial show to begin with. I mean,
Nathan Brady: Right.
Mike Smith: we
Nathan Brady: I
Mike Smith: we
Nathan Brady: don't know
Mike Smith: know
Nathan Brady: what
Mike Smith: a little bit about
Nathan Brady: we don't
Mike Smith: stocks,
Nathan Brady: know what we're
Mike Smith: but
Nathan Brady: doing.
Mike Smith: I wanted to ask you because I ca I ran across this uh when I was researching for the show notes today. It was talking about how Tesla as a publicly traded company and the the claim they made in this article, I'll try and find it so I can include it in the notes was
Nathan Brady: Okay.
Mike Smith: that the Tesla stock is by and large held by retail investors as opposed to which means like people like you and me on Robin Hood as
Nathan Brady: Right.
Mike Smith: opposed to like hedge funds and like big mutuals and things like that. So the first thing I want to ask is how would they know?

00:33:30

Mike Smith: How could anybody know that? Like is that a thing that's known?
Nathan Brady: Yes,
Mike Smith: Is that
Nathan Brady: it
Mike Smith: somehow
Nathan Brady: is a
Mike Smith: disclosed?
Nathan Brady: thing. It is a It is a thing that's known. It's around 40%.
Mike Smith: Okay.
Nathan Brady: It's not a
Mike Smith: So
Nathan Brady: majority share, right?
Mike Smith: it's not a majority. It's just very
Nathan Brady: No,
Mike Smith: large a very
Nathan Brady: the
Mike Smith: I mean
Nathan Brady: majority
Mike Smith: 40%
Nathan Brady: majority
Mike Smith: is 40%
Nathan Brady: is
Mike Smith: is a huge portion of that stock holding.
Nathan Brady: Yeah. Yeah.
Mike Smith: Okay. So
Nathan Brady: It's
Mike Smith: retail
Nathan Brady: in
Mike Smith: investors there's
Nathan Brady: right.
Mike Smith: some they have to be somewhat like insulated from from full dropout because these guys are that the people holding this stock are people who just like I I love Tesla, I love Elon Musk, whatever. I have three shares of it. You know what I mean?

00:34:04

Nathan Brady: Uh, okay. That's definitely not the 43. That doesn't make up the majority of the 43% at all. That's very probably a very very slim majority. I think the
Mike Smith: You think
Nathan Brady: majority Yeah, I think the majority of the 40% of retail investors are I and I won't call them day traders, but I I'll call them
Mike Smith: okay
Nathan Brady: um you know, fly by the seat of your
Mike Smith: yeah
Nathan Brady: pants
Mike Smith: yeah
Nathan Brady: traders who
Mike Smith: okay
Nathan Brady: are they they they're part this is all we could go into a whole other episode just on and maybe we should some at some point if
Mike Smith: maybe
Nathan Brady: politics
Mike Smith: maybe
Nathan Brady: ever slows down, but there is a real problem in retail. retail investing that these types of people can swing a stock wildly
Mike Smith: Yeah.
Nathan Brady: and cause panic for
Mike Smith: Right.
Nathan Brady: we can talk about GameStop at some point. Um
Mike Smith: Yeah. That's that's kind of what I'm getting at here is that

00:34:55

Nathan Brady: yeah.
Mike Smith: they were drawing this article was drawing a similarity between like Tesla and GameStop in terms of just like owning it kind of like as a meme stock. Like you didn't maybe
Nathan Brady: Yeah.
Mike Smith: you don't care about the company or anything about it. You're just kind of doing it for the memes.
Nathan Brady: But but
Mike Smith: And so I
Nathan Brady: those
Mike Smith: wonder
Nathan Brady: people but it those people do three three shares. Five shares. That's $1,000 for these people
Mike Smith: Oh,
Nathan Brady: that want their
Mike Smith: not
Nathan Brady: thousand
Mike Smith: anymore.
Nathan Brady: dollars. Well, yeah. Yeah. But but my my my point being those people get scared easily and they're not
Mike Smith: Yeah,
Nathan Brady: long-term
Mike Smith: yeah,
Nathan Brady: investors.
Mike Smith: yeah.
Nathan Brady: They they will they if that thing hits 190, you know, uh which
Mike Smith: Yeah.
Nathan Brady: it's on its way to those people are out and then it's 170 and then shorts are cashing in and the

00:35:35

Mike Smith: Yeah.
Nathan Brady: you know what I mean?
Mike Smith: And
Nathan Brady: So,
Mike Smith: then then that that'll
Nathan Brady: uh,
Mike Smith: that'll breed more skepticism and more
Nathan Brady: right.
Mike Smith: people taking
Nathan Brady: So,
Mike Smith: short
Nathan Brady: it's
Mike Smith: positions,
Nathan Brady: the it's the it's the institutional investors that used to kind of be in control of whether, you know, a stock took that kind of a hit or not. It
Mike Smith: right?
Nathan Brady: used to be the the
Mike Smith: Warren Buffett.
Nathan Brady: Kathy Woods.
Mike Smith: Yeah.
Nathan Brady: Yeah. of of Arcs and the Yeah. the Black Rocks and the those
Mike Smith: Yeah.
Nathan Brady: type of
Mike Smith: Yeah.
Nathan Brady: people. But
Mike Smith: Okay.
Nathan Brady: now it's it's and and by the way, Black Rockck I know Black Rockck is a big uh shareholder. Uh I think it's
Mike Smith: Tesla
Nathan Brady: Van Vanguard. Vanguard
Mike Smith: Vanguard.
Nathan Brady: and Black
Mike Smith: Yeah.
Nathan Brady: Rockck are are a big um Tesla shareholders.

00:36:18

Nathan Brady: They they make up basically the other half
Mike Smith: They're
Nathan Brady: of
Mike Smith: playing
Nathan Brady: the
Mike Smith: long
Nathan Brady: institutional
Mike Smith: positions.
Nathan Brady: investors and they're playing those long positions. And then but now it's the retail investors that have more power than they do, which would
Mike Smith: Yeah.
Nathan Brady: never used
Mike Smith: No,
Nathan Brady: to be
Mike Smith: that's
Nathan Brady: the case.
Mike Smith: the other thing is that if the retail investors get spooked like you say, then they can they can completely tank that share price and
Nathan Brady: Yeah.
Mike Smith: and
Nathan Brady: And
Mike Smith: clobber
Nathan Brady: you're you're
Mike Smith: these
Nathan Brady: seeing that
Mike Smith: in institutional
Nathan Brady: already. I
Mike Smith: investments.
Nathan Brady: mean
Mike Smith: That's
Nathan Brady: I mean
Mike Smith: crazy.
Nathan Brady: I I dabbled in uh you know we used to have a little financial
Mike Smith: Yeah,
Nathan Brady: channel
Mike Smith: we used to
Nathan Brady: within
Mike Smith: play
Nathan Brady: our
Mike Smith: in
Nathan Brady: company
Mike Smith: stocks.

00:36:48

Mike Smith: Yeah.
Nathan Brady: and we used to d and I'll say that I was a buyer sometimes of Tesla. I mean but I was a again I was a like a a not a day trader but just like a I don't care. I'm gonna play with this thousand dollars or whatever, you know.
Mike Smith: right?
Nathan Brady: Um
Mike Smith: Or I know that Robin Hood introduced I don't remember if this was like last year, the year before maybe, but they introduced the the con I guess they probably didn't introduce the concept, but they implemented the the concept of fractional shares
Nathan Brady: fractional.
Mike Smith: because
Nathan Brady: Yeah.
Mike Smith: they
Nathan Brady: Yeah. Yeah.
Mike Smith: because of these big meme stocks where they were like, it's, you know, $220 a share. People aren't going to, you know, break the bank to hold five shares of Tesla. You know what I mean?
Nathan Brady: Yeah.
Mike Smith: like
Nathan Brady: Yeah.
Mike Smith: your re your average retail investor, but you could play
Nathan Brady: Right.
Mike Smith: like a long position with some short amount of money by doing pieces of that

00:37:31

Nathan Brady: Right.
Mike Smith: like uh fractions. I don't want
Nathan Brady: Yeah.
Mike Smith: to dig into Tesla stocks or financial trading or anything like that for too much.
Nathan Brady: No,
Mike Smith: I
Nathan Brady: it's
Mike Smith: do want
Nathan Brady: it's
Mike Smith: to
Nathan Brady: fun
Mike Smith: talk
Nathan Brady: to talk
Mike Smith: I
Nathan Brady: about. Go ahead. Go
Mike Smith: do
Nathan Brady: ahead. What
Mike Smith: want
Nathan Brady: do
Mike Smith: to
Nathan Brady: you
Mike Smith: talk
Nathan Brady: got?
Mike Smith: about Elon because
Nathan Brady: Okay.
Mike Smith: I just hate him so much. I hate
Nathan Brady: Okay.
Mike Smith: him.
Nathan Brady: Let's What else you got on Elon? Uh I I have something. I think you wanted to talk about this story that I'm
Mike Smith: That's
Nathan Brady: pulling up right
Mike Smith: That's
Nathan Brady: now.
Mike Smith: the one. That's
Nathan Brady: Okay.
Mike Smith: the
Nathan Brady: Look
Mike Smith: one.
Nathan Brady: at this cheese head. So, this says I'll read the title and then you can explain this to us.

00:37:57

Nathan Brady: Path
Mike Smith: Okay,
Nathan Brady: of Exile 2 players bully Elon Musk during eerie airplane stream. What? Tell what? What does this mean?
Mike Smith: so this is this is again related to the story that we were talking about a few episodes ago about Elon Musk being just the saddest, most pathetic person ever. He he very clearly does not know how to play this game very well,
Nathan Brady: Right.
Mike Smith: but he has like a top 10 ranked uh account or heroes or whatever. I
Nathan Brady: Okay.
Mike Smith: I don't know how that how that system works, but but
Nathan Brady: Yeah.
Mike Smith: basically there's a thing there's a there's a leaderboard. He's on it as one of the best and he
Nathan Brady: Okay.
Mike Smith: routinely will do streams of him playing the game showing that he doesn't have very core basic understanding of the game.
Nathan Brady: Okay.
Mike Smith: He was doing this live stream from his private jet and he was doing this to try and show off Starlink's ability to maintain like signal uh while you're even in the air.

00:38:54

Mike Smith: You know, you're on the plane
Nathan Brady: Okay.
Mike Smith: and you're going to have Starlink providing you Wi-Fi, which
Nathan Brady: Right.
Mike Smith: is kind of a cool idea. Um
Nathan Brady: Yes.
Mike Smith: but but there's players can be in this game with you at the same time. And they started sending him messages that were showing up in his stream in the chat and they were just berating him like telling him that that I mean just awful things. You can look, you can scroll down if you really want to see it, but
Nathan Brady: All right,
Mike Smith: you have no friends and you'll die alone from the person named Elon is a pedophile. Like
Nathan Brady: that's
Mike Smith: that
Nathan Brady: pedo.
Mike Smith: this is going on live while he's playing this game so poorly. Um, and then like at at some point the Starlink thing that he's trying to show off as a part of this starts acting up and so it makes his game play even worse. Like he's not playing well and now he's like dropping packets and and like losing positioning and it like rolls him back with lag spikes and stuff and people start making fun of him for that and eventually he just cuts the feed.

00:39:53

Mike Smith: He just he's like I'm done. And then that's it.
Nathan Brady: The weirdest part of the stream, however, was Musk's wordless, deadeyed stare throughout the whole Those beady eyes are so he's a freaky little man. Um, something happens to a man um when he turns into when he turns into Elon Musk, you
Mike Smith: Yeah.
Nathan Brady: know.
Mike Smith: No, it's it's it's clearly broken him. Being Elon Musk is too much for Elon Musk. But I like
Nathan Brady: Um,
Mike Smith: the I like the final sentence of this uh this write up here. says, "As for what Musk did in Path of Exile 2, he lost several hardcore characters, then quit when the connection got bad, and he died to a tutorial boss."
Nathan Brady: Wait, so he lost hardcore characters on the stream?
Mike Smith: Yes.
Nathan Brady: That's
Mike Smith: Yeah.
Nathan Brady: amazing.
Mike Smith: And so for anybody who's not familiar with games like this, like Diablo or whatever, a hardcore character is one that you roll up with the with the gamble ostensibly of if you die, the character is deleted.

00:40:49

Mike Smith: That's what hardcore
Nathan Brady: That's it.
Mike Smith: is.
Nathan Brady: He's dead forever. Yeah.
Mike Smith: And
Nathan Brady: There's
Mike Smith: so
Nathan Brady: no
Mike Smith: he he lost
Nathan Brady: Wow.
Mike Smith: a bunch of hardcore characters. Um, and he died to a tutorial boss. And people are like, "You don't play this game. You hire people to play this game to get you into leaderboards. You play that character they built for you on your stream to be like, look at me. I'm the best." And you just clearly suck at it.
Nathan Brady: Is there I mean there Okay, I'm gonna have to watch this. I'm gonna just have to have this on in on the background at some point because this just sounds this sounds just
Mike Smith: It's too delicious. It's
Nathan Brady: it's it's incredible.
Mike Smith: It's It's the type of hubris that Elon Musk deserves.
Nathan Brady: It's such a strange thing. So, let's go back a little bit to like you saying
Mike Smith: Yeah.

00:41:34

Mike Smith: Yeah. Yeah.
Nathan Brady: we both kind of fell for Elon's thing, you know, uh several
Mike Smith: Yeah.
Nathan Brady: years ago. And it's true. I think a lot of people did. He had the opportunity to kind of build off of that and be the pretend
Mike Smith: He could
Nathan Brady: at least
Mike Smith: have
Nathan Brady: to be the
Mike Smith: he
Nathan Brady: Einstein
Mike Smith: could have
Nathan Brady: of our generation.
Mike Smith: Yeah.
Nathan Brady: Right.
Mike Smith: He could have
Nathan Brady: You
Mike Smith: hired
Nathan Brady: know,
Mike Smith: a PR firm to literally just
Nathan Brady: right,
Mike Smith: work on his image
Nathan Brady: right,
Mike Smith: and keeping that Tony Starkesque,
Nathan Brady: right,
Mike Smith: you know, nature that he he built up around himself.
Nathan Brady: right.
Mike Smith: And instead of doing that, he decided, I'm gonna let everybody see me, more of me, exactly
Nathan Brady: Yeah.
Mike Smith: as I am, uncut
Nathan Brady: Right.
Mike Smith: and and
Nathan Brady: and
Mike Smith: it'll
Nathan Brady: find
Mike Smith: be

00:42:14

Nathan Brady: out
Mike Smith: great.
Nathan Brady: you're
Mike Smith: And then this is what you do,
Nathan Brady: I mean we're what we're what we're all realizing something that I realized when I was unfortunately very young is that nobody has it together. We're all just humans in this thing. And and the people who have the money and the power, they're no different than us just with money and power,
Mike Smith: right?
Nathan Brady: right?
Mike Smith: Yeah.
Nathan Brady: And so yeah, I mean Elon Musk is just a regular guy. He is not brilliant at everything he does. and the fact that he needs to pretend to be brilliant at everything to be the best. Like, come on, man. We know you don't have nobody has 80 hours a week to be the best Path
Mike Smith: Right.
Nathan Brady: of Exile 2 player except for the people that are doing only that. You're not doing that, you
Mike Smith: Yeah.
Nathan Brady: know?
Mike Smith: No. Yeah. And
Nathan Brady: It's
Mike Smith: it's
Nathan Brady: It's

00:43:00

Mike Smith: and it's
Nathan Brady: weird.
Mike Smith: it's just it it it falls apart so simply like
Nathan Brady: Yeah. Yeah. I mean, it Who are you going to fool? I mean, he's fooling people. Um,
Mike Smith: Yeah,
Nathan Brady: but you know, it's
Mike Smith: as as with all all everything, in fact, if you do something and you put it in front of the public and you're like this here's the thing and you make a claim like I'm one of the best or this is, you know, in our case, we work in tech, you be like, "This is the most secure thing that's ever been built or whatever, you know, claims you
Nathan Brady: right.
Mike Smith: make the public will take it upon themselves to swarm on that and prove
Nathan Brady: Yeah.
Mike Smith: you wrong
Nathan Brady: Right. Right.
Mike Smith: and and it's
Nathan Brady: We see
Mike Smith: and
Nathan Brady: cases
Mike Smith: unless
Nathan Brady: of that
Mike Smith: unless
Nathan Brady: every
Mike Smith: you
Nathan Brady: day.
Mike Smith: are like they do it with people

00:43:45

Nathan Brady: Right.
Mike Smith: who are let's think about it this way right let's say Elon Musk was the greatest genius whoever whatever whatever if you're like LeBron James and you go on TV you play basketball and you're one of the best of all time you just are it's hard for people to argue against that they can be like well he's a little self you know he's a little self-centered he doesn't pass
Nathan Brady: Yeah.
Mike Smith: you know he
Nathan Brady: Yeah.
Mike Smith: takes showboat things he gives up on what you can
Nathan Brady: Jordan
Mike Smith: pick it
Nathan Brady: did
Mike Smith: apart.
Nathan Brady: it during a
Mike Smith: He's
Nathan Brady: time
Mike Smith: still
Nathan Brady: when, you know,
Mike Smith: Yeah.
Nathan Brady: whatever.
Mike Smith: Yeah.
Nathan Brady: Yeah.
Mike Smith: But
Nathan Brady: Yeah.
Mike Smith: at the end of the day, he's still one of the best and there's nothing
Nathan Brady: Right.
Mike Smith: you can say that really does anything to
Nathan Brady: Right.
Mike Smith: that. But
Nathan Brady: Yeah.
Mike Smith: when the public start picking you apart with that same like like level of like people staring at it and thinking about it and working on it and you're not the best at it, they just make you look so blatantly stupid by doing

00:44:33

Nathan Brady: Yeah.
Mike Smith: this.
Nathan Brady: It's true. It's true. Um, okay. That's enough about Elon. Let's go on to kind
Mike Smith: I'm done
Nathan Brady: of our
Mike Smith: with you.
Nathan Brady: final, I think, collection of things. I first
Mike Smith: All
Nathan Brady: want
Mike Smith: right.
Nathan Brady: to talk about um I want to talk about one of the worst uh attorney generals we'll ever see hopefully in Pam Bondi who um said who said something, you know, we we of course I mean not not hard to call it. We called it when she was nominated. This is going to be very very bad. Um she came out recently. She was asked out in front of the uh White House I think this morning um about the uh the Maryland father who was who was
Mike Smith: Right.
Nathan Brady: you know wrongly deported to El Salvador. She said to say that he was training to be an electrician does not legitimize him for being a violent gang member.

00:45:26

Mike Smith: Jesus Christ.
Nathan Brady: So again, with no proof and no due process, um she is just making the statement, a man who cannot
Mike Smith: Yeah.
Nathan Brady: defend himself because he's no longer in the United States. He's in some some prison, you know, with Lord knows what's happening to him.
Mike Smith: Yeah.
Nathan Brady: Um
Mike Smith: A slave a slave labor camp. We
Nathan Brady: you know,
Mike Smith: can
Nathan Brady: she's
Mike Smith: just call
Nathan Brady: making
Mike Smith: that
Nathan Brady: the claim that he was a violent criminal when I think uh it was pretty obvious that he's not. Um and it's also
Mike Smith: even
Nathan Brady: very
Mike Smith: he is
Nathan Brady: even
Mike Smith: even if he is why should the government not have to prove that?
Nathan Brady: Right. They
Mike Smith: Why
Nathan Brady: still
Mike Smith: are we
Nathan Brady: they
Mike Smith: taking
Nathan Brady: still should
Mike Smith: that
Nathan Brady: have
Mike Smith: in?
Nathan Brady: to
Mike Smith: Why
Nathan Brady: Yes.
Mike Smith: are we just accepting of that?

00:46:04

Nathan Brady: Right. They should they should still
Mike Smith: If
Nathan Brady: have to
Mike Smith: you
Nathan Brady: prove
Mike Smith: say
Nathan Brady: it.
Mike Smith: that I am a violent criminal and deport me, I should be able to defend myself in court,
Nathan Brady: Right. You can't just you can't just say that. Right. Like and
Mike Smith: right?
Nathan Brady: these are these are lawyers.
Mike Smith: Because that's
Nathan Brady: These
Mike Smith: the
Nathan Brady: are
Mike Smith: thing
Nathan Brady: lifetime
Mike Smith: that
Nathan Brady: lawyers that
Mike Smith: that's the
Nathan Brady: they
Mike Smith: thing I
Nathan Brady: know
Mike Smith: want
Nathan Brady: it.
Mike Smith: to point out. It's like if this was a white person, what happens? The whole country goes bananas, right?
Nathan Brady: Right.
Mike Smith: So
Nathan Brady: Yes.
Mike Smith: they
Nathan Brady: Right.
Mike Smith: think they can get away with it because it's a person of color. They just don't care,
Nathan Brady: Right.
Mike Smith: right?
Nathan Brady: Um
Mike Smith: But
Nathan Brady: and

00:46:33

Mike Smith: but they're what they're saying is I we can do this even
Nathan Brady: right.
Mike Smith: if you're white if you're we're just going to call you a criminal and deport you if we don't like you. And it
Nathan Brady: Um
Mike Smith: really opens itself up to the that scary idea of thought crime of like what if you're just, you know, a white kid who went to college and came to one of these protests, right?
Nathan Brady: right.
Mike Smith: and they just they just banish you.
Nathan Brady: They just disappear
Mike Smith: You don't get
Nathan Brady: you.
Mike Smith: a court case. You don't
Nathan Brady: Right.
Mike Smith: get to defend yourself.
Nathan Brady: nothing. Your parents don't know where you are. Your wife, your husband, your whatever don't know where you are. I mean, this is insane. Um, so we what we saw yesterday was um a lower court lower than the Supreme Court
Mike Smith: Yeah.
Nathan Brady: uh said that the the Trump administration had until midnight um which would have been today, you know, midnight

00:47:23

Mike Smith: Yeah.
Nathan Brady: last
Mike Smith: Yeah.
Nathan Brady: night to bring him back. Um, and then this quickly went to the Supreme Court who paused the order requiring Trump to Oh, wait. I'm sorry. This is the wrong one. This is the wrong story. Uh, but the the Supreme Court paused the order. Um, that to that told the Trump administration that they had to bring him back. Um,
Mike Smith: Right.
Nathan Brady: I I have the wrong story in front of me. Sorry.
Mike Smith: That's okay.
Nathan Brady: Sorry.
Mike Smith: That's
Nathan Brady: Sorry.
Mike Smith: all right.
Nathan Brady: This is This is We're doing it live. This is what happens. We'll
Mike Smith: Yeah,
Nathan Brady: do it live.
Mike Smith: weirdly, there are a lot of cases in front of the Supreme Court that involve Trump and his illegality. So, I'm not surprised you got a little caught up on that one.
Nathan Brady: Yeah. Yeah. Sorry. Um, no. I'm blaming you for this one.

00:48:07

Mike Smith: No. Is it the one there that the Supreme
Nathan Brady: Yeah.
Mike Smith: Court allows Trump to deport people under the wartime law?
Nathan Brady: Is it still there? Is it here? Is it here?
Mike Smith: It's just off to the right, I think,
Nathan Brady: Oh, it's off
Mike Smith: like
Nathan Brady: to the
Mike Smith: in
Nathan Brady: right.
Mike Smith: the Yeah, that one, right?
Nathan Brady: Yeah.
Mike Smith: Maybe.
Nathan Brady: Yeah. So, it's probably this one. Here it is. Here it is. Here it is. Um, well, I don't I don't I don't know what to do. I
Mike Smith: Okay.
Nathan Brady: don't I
Mike Smith: So,
Nathan Brady: don't know what
Mike Smith: this
Nathan Brady: to
Mike Smith: is
Nathan Brady: say.
Mike Smith: this is an important one just so we understand because again none of us on the podcast here are lawyers. We haven't been trained in in law. We don't know. But the the the court ordered a pause on the stay, which just means or or yeah, I think that's right.

00:48:51

Mike Smith: Which just means that the Trump admin who was ordered to bring back the the person by that time means they said, "Okay, you don't have to do that yet, but the court needs time to walk
Nathan Brady: right?
Mike Smith: through this and figure out if that's even, you know, a remediation that is legal." A and B, has that person any rights under the law for that to even like go through? So, they're at least thinking about it now. And the pause only means we haven't denied that order. It's not been turned around. It is we're trying to get the facts right and then we'll we'll deliberate. We'll uh uh come up with the actual outcome later.
Nathan Brady: Right.
Mike Smith: I don't think that that has a good chance because in this particular case I would have expected I would have expected that even this Supreme Court should have seen deported without due process uh legal American citizen at the moment as a no-brainer. Bring him back.
Nathan Brady: Yeah.
Mike Smith: American
Nathan Brady: Bring him

00:49:58

Mike Smith: citizen.
Nathan Brady: back while
Mike Smith: You can't
Nathan Brady: we
Mike Smith: deport an American citizen with no due process. That seems like
Nathan Brady: Yeah.
Mike Smith: Bring him back.
Nathan Brady: Yeah. It should be bring him back while we consider, you know, this, not leave him there while we consider
Mike Smith: Right.
Nathan Brady: this.
Mike Smith: Right. And
Nathan Brady: Um,
Mike Smith: again, no crimes were alleged. So that there's not like even if you brought him back, what would you hold him on?
Nathan Brady: yeah. So,
Mike Smith: What is
Nathan Brady: so
Mike Smith: what
Nathan Brady: that's
Mike Smith: is you doing?
Nathan Brady: that's the point of this statement that Pam Bondi made earlier when she said, you know, it doesn't, you know, just because he was trying to be an electrician doesn't mean he wasn't a violent gang member. You you fools already said that you had made a mistake with him.
Mike Smith: Yeah.
Nathan Brady: Now,
Mike Smith: Right.
Nathan Brady: don't pretend like now he's a violent gang member.

00:50:42

Nathan Brady: You
Mike Smith: Right.
Nathan Brady: already admitted the administration already admitted that he was that this was a clerical error. Okay. So, what are you talking about violent gang member? Um, so what so do we have dates? Do we know like what the next steps are for this?
Mike Smith: I I don't think that there's anything concrete on the docket yet. I think that they're going to have to figure this stuff out, but I'm not a lawyer, man. I think that
Nathan Brady: Well,
Mike Smith: what I do is I follow Democracy Docket, which I recommend for all of our
Nathan Brady: oh
Mike Smith: all of our
Nathan Brady: definitely.
Mike Smith: listeners to do as
Nathan Brady: Yeah,
Mike Smith: well.
Nathan Brady: definitely.
Mike Smith: Um, and then I get on uh the docket listener that posts any filings that happen on these court cases, and I just keep keep an eye on them, and if something drops, I try and figure out what it means, and but I don't know what the next step is.

00:51:27

Mike Smith: I'll
Nathan Brady: Okay,
Mike Smith: have that
Nathan Brady: I
Mike Smith: for
Nathan Brady: know
Mike Smith: you.
Nathan Brady: so we we there is a group of 25 senators, Chris Van Holland uh and 24 other senators to demand that uh the administration follow the uh comply with the original court order to facilitate AGO's um return. uh
Mike Smith: Okay.
Nathan Brady: obviously calling it a violation of due process. That's kind of where it is right now.
Mike Smith: Right.
Nathan Brady: Um government lawyers, let's see. So John Roberts temporarily halted the order, right? The lower court's
Mike Smith: Right.
Nathan Brady: order. Um government lawyers and Abrao Garcia's legal team have to submit responses by 5:00 pm today.
Mike Smith: Okay.
Nathan Brady: So
Mike Smith: Okay.
Nathan Brady: So in fact that was probably Eastern time.
Mike Smith: So,
Nathan Brady: Um,
Mike Smith: yeah,
Nathan Brady: so
Mike Smith: a
Nathan Brady: in
Mike Smith: couple minutes
Nathan Brady: within
Mike Smith: probably.
Nathan Brady: within 10 minutes, responses will have hopefully
Mike Smith: Yeah.
Nathan Brady: have been been filed and we'll see what the next steps are.

00:52:22

Nathan Brady: I mean, oh god, man. This it what's what's crazy is this case is so insane. I
Mike Smith: Yes.
Nathan Brady: don't even have I don't even have updates on Mahmood Khalil. I don't have updates on, you know, um, the the TUS student who was also vanished. This isn't the only case.
Mike Smith: Right.
Nathan Brady: There are
Mike Smith: Right.
Nathan Brady: there are so many like this of people who have been disappeared wrongly.
Mike Smith: Well,
Nathan Brady: You know
Mike Smith: yeah. And that's the thing, right? Because the only standing that they have on these things, obviously, if they wanted to deport people who they believed to be in criminal syndicates or whatever, there are mechanisms for doing that that are legal, but it involves putting them in in court cases and having to argue the facts. what they're doing right now is really just abusing the uh the Alien Enemies Act and and trying to get away with this blank check of I can deport anybody and I don't answer to anybody and they don't get due process and the law is 200 years old.

00:53:30

Mike Smith: So who's going to you know who who can argue that?
Nathan Brady: Yeah.
Mike Smith: There's a
Nathan Brady: Um,
Mike Smith: simple solution here. Obviously, Congress could come and amend
Nathan Brady: Luigi.
Mike Smith: that law.
Nathan Brady: Oh, right, right,
Mike Smith: Luigi's
Nathan Brady: right. Yeah.
Mike Smith: busy. He's he's standing a
Nathan Brady: Okay.
Mike Smith: court case of his own. But no, I mean, if like, let's say you had some the favorites of Democrats, you have some, you know, reaching across the aisle to work with the other party. You could pass legislation that amends this law to make it clearer who is really subject to this and by what processes they must undergo. You could you could change the law to say if you're going to deport somebody using this statute, they must hold a criminal trial or a civil trial. It doesn't matter which, but just you you could write that into the law. Make them defend themselves
Nathan Brady: Well,
Mike Smith: against
Nathan Brady: you
Mike Smith: the jury

00:54:24

Nathan Brady: can't
Mike Smith: of
Nathan Brady: you
Mike Smith: their peers
Nathan Brady: can't write
Mike Smith: if
Nathan Brady: anything
Mike Smith: you want.
Nathan Brady: into the law that seems like a violation of uh uh of Trump's ability to um affect national security and because that's what he's
Mike Smith: Yeah,
Nathan Brady: saying for literally everything. The tariffs, national security, this national security. Uh
Mike Smith: yeah,
Nathan Brady: I can't
Mike Smith: yeah.
Nathan Brady: I have to win my if I don't win my golf championship at my uh golf resort. That's national security. So I mean uh I do have an update by the way uh on Makmoud Khalil if if
Mike Smith: Oh,
Nathan Brady: anyone
Mike Smith: okay.
Nathan Brady: is interested.
Mike Smith: Yeah.
Nathan Brady: Um
Mike Smith: Yeah,
Nathan Brady: so
Mike Smith: I can
Nathan Brady: this
Mike Smith: hear
Nathan Brady: is
Mike Smith: it.
Nathan Brady: as of today. Uh Judge Judge James Kman's in Louisiana has ordered DHS to submit evidence supporting Khalil's deport deportability by tomorrow, Wednesday, April 9th. And

00:55:08

Mike Smith: Okay.
Nathan Brady: then the hearing is Friday, April 11th, and the judge will decide whether Khalil should be released or deported based on evidence uh submitted by DHS. So they have 24 hours. The judge gave
Mike Smith: Okay.
Nathan Brady: them 24 hours. They show up on on Wednesday, April 9th with that information. Hearing Friday, April 11th, and then Khalil gets a decision. He's either staying or getting deported. Um, so we'll be following that closely. Set your set your
Mike Smith: Yeah.
Nathan Brady: set your clocks to that one. Um, and then,
Mike Smith: Okay.
Nathan Brady: you know, I also want to I also want to do a uh update on the tough student, but I have to
Mike Smith: You got to find that. Can I I'll squeeze one
Nathan Brady: Yeah.
Mike Smith: in while you're looking for
Nathan Brady: Okay.
Mike Smith: that.
Nathan Brady: You
Mike Smith: Okay.
Nathan Brady: squeeze one in.
Mike Smith: This is this is breaking news as of a few minutes ago.
Nathan Brady: Okay.

00:56:00

Mike Smith: Uh order in the Associated Press, you know, the the case where they wouldn't call it the Gulf of America, so they got kicked out of the press room and off Air Force One and stuff. So they sued and that lawsuit has a conclusion of the defendants shall immediately rescend the denial of the AP's access to the Oval Office, Air Force One, and other limited spaces based on AP's viewpoint when such spaces are made open to other members of the White House press pool. So
Nathan Brady: Oo.
Mike Smith: they're they're ordered back into the press room, which is good. You want the AP there because they can't whitewash their reporting quite as hard. Um, it it's a civil case. There's not really much you can do about it. As I understand it, this sort of thing can't be appealed in any way. We'll see if uh Trump's administration um follows the court order.
Nathan Brady: Yeah. Uh well I who wants to be the AP journalist by the way that is like I'll try
Mike Smith: I'll f******

00:57:05

Nathan Brady: I'll
Mike Smith: do it. Send me. I'll do it.
Nathan Brady: um I don't have unfortunately I don't have I I don't have a good update or I mean I can't find a good update on um I'm going to butcher her name and I'm so sorry. Hopefully somebody can correct me on the pronunciation. Rumesa Ourk. Um
Mike Smith: Okay.
Nathan Brady: I think that's you know hopefully that's close. Um I I see the last um was that a federal federal judge temporarily blocked her deportation. Obviously citing
Mike Smith: Right.
Nathan Brady: jur jurisdictional concerns and other
Mike Smith: Was
Nathan Brady: similarities
Mike Smith: she Was she
Nathan Brady: to
Mike Smith: the
Nathan Brady: Khalil's
Mike Smith: one that that got just vanned on the streets?
Nathan Brady: vand on the street with the masked thugs outside of tus in Massachusetts. Yeah. Um and and and because she you know because she co-wrote not not even like oh we think that Khalil was like engaging in violent protests
Mike Smith: She's a
Nathan Brady: which he was not.

00:57:57

Nathan Brady: She
Mike Smith: Right.
Nathan Brady: co-wrote a an op-ed in a student newspaper.
Mike Smith: Right. And she's like
Nathan Brady: That's
Mike Smith: a just a grad student here on a visa or something like that.
Nathan Brady: Yeah, she's
Mike Smith: I
Nathan Brady: here
Mike Smith: don't
Nathan Brady: legally.
Mike Smith: know.
Nathan Brady: She's
Mike Smith: She's
Nathan Brady: here
Mike Smith: here
Nathan Brady: legally.
Mike Smith: legally, but she's Yeah,
Nathan Brady: Yeah.
Mike Smith: but obviously
Nathan Brady: Yeah.
Mike Smith: saying things that the government doesn't like, so the
Nathan Brady: Right.
Mike Smith: government's going to try and
Nathan Brady: It
Mike Smith: deport
Nathan Brady: was
Mike Smith: her.
Nathan Brady: It was pro Palestinian speech. Whatever that means. The government saying it's pro Palestinian speech. What's wrong
Mike Smith: Uh,
Nathan Brady: with that? What
Mike Smith: excuse
Nathan Brady: do you mean
Mike Smith: me.
Nathan Brady: by
Mike Smith: Did they say Did because I guarantee they didn't say pro Palestinian speech. I guarantee
Nathan Brady: um
Mike Smith: I know what they said.

00:58:28

Mike Smith: It was pro.
Nathan Brady: pro? You're probably right. You're probably
Mike Smith: They probably
Nathan Brady: right.
Mike Smith: they had to have said pro Hamas, right? I mean,
Nathan Brady: Yeah,
Mike Smith: it's the
Nathan Brady: you're
Mike Smith: only thing that they've got
Nathan Brady: well.
Mike Smith: going
Nathan Brady: I
Mike Smith: there.
Nathan Brady: don't know. I'll have to look at the We'll have to look at the documentation there.
Mike Smith: Check the tapes.
Nathan Brady: Um okay. So, uh we got one more thing. You wanna You want to end on on something kind of funny? Something something a little silly? Maybe we
Mike Smith: Give
Nathan Brady: can do
Mike Smith: me
Nathan Brady: that.
Mike Smith: something silly.
Nathan Brady: How about I'm gonna pull up something a little ridiculous here.
Mike Smith: Bring me something a little silly here.
Nathan Brady: Marco Rubio's security
Mike Smith: Look
Nathan Brady: detail
Mike Smith: how
Nathan Brady: boss arrested after alleged hotel brawl.
Mike Smith: I
Nathan Brady: Dude,
Mike Smith: love this.

00:59:02

Nathan Brady: as I understand it, was mad. Uh it they were in Brussels and Dude was mad because they closed the hotel bar.
Mike Smith: It's it's it's even worse than that.
Nathan Brady: It's worse than that. Okay, tell me.
Mike Smith: So,
Nathan Brady: I didn't
Mike Smith: he
Nathan Brady: I
Mike Smith: was
Nathan Brady: didn't
Mike Smith: he was he was traveling in advance of of Rubio and his team staying
Nathan Brady: Okay.
Mike Smith: at this hotel. So, they're doing
Nathan Brady: Okay.
Mike Smith: normal security uh due
Nathan Brady: Sweeps
Mike Smith: diligence
Nathan Brady: and all
Mike Smith: before
Nathan Brady: that stuff,
Mike Smith: him.
Nathan Brady: right? Yeah.
Mike Smith: Exactly.
Nathan Brady: Okay.
Mike Smith: And so, he's drinking in the hotel bar and they inform
Nathan Brady: Okay.
Mike Smith: him that it's closing time. you
Nathan Brady: Yeah.
Mike Smith: know, you don't get out.
Nathan Brady: Right. It's closing time.
Mike Smith: And
Nathan Brady: Everybody
Mike Smith: he's
Nathan Brady: knows what closing time is,
Mike Smith: Yeah, we don't have any any witnesses here, but I I can speculate.

00:59:41

Mike Smith: And then he's
Nathan Brady: right?
Mike Smith: like,
Nathan Brady: Okay.
Mike Smith: you know who I am. You know who the f*** I am. Keep
Nathan Brady: I'm
Mike Smith: the
Nathan Brady: sure.
Mike Smith: bar open for me. And
Nathan Brady: Yeah.
Mike Smith: that's that's how it started. And then it apparently turned into an altercation.
Nathan Brady: Uh, and
Mike Smith: Just
Nathan Brady: so
Mike Smith: can you
Nathan Brady: he he was
Mike Smith: scroll
Nathan Brady: disappeared
Mike Smith: back up
Nathan Brady: and
Mike Smith: to Marco
Nathan Brady: deported.
Mike Smith: Rubio's picture? I just want to I just want to look at him for a little bit. Remember
Nathan Brady: Which which
Mike Smith: Marco
Nathan Brady: one?
Mike Smith: Rubio? Oh,
Nathan Brady: This guy.
Mike Smith: yeah. There we are.
Nathan Brady: This
Mike Smith: There
Nathan Brady: guy.
Mike Smith: we are. Look
Nathan Brady: Yeah.
Mike Smith: how happy this guy is.
Nathan Brady: He looks
Mike Smith: Let me
Nathan Brady: so
Mike Smith: look

01:00:05

Nathan Brady: happy.
Mike Smith: like this is the face of a man who is not at all sad about the decisions he's made in his life.
Nathan Brady: He's been saying some pretty awful stuff, man, though. get this guy in front of a a camera and let him talk. And god damn, he's he, you know, a lot of
Mike Smith: Is
Nathan Brady: people
Mike Smith: he
Nathan Brady: are
Mike Smith: selling
Nathan Brady: like, "Hey,
Mike Smith: the
Nathan Brady: he would have been better than he would have been better than Trump." And you're probably right. You know, probably anything would have been better than Trump. Um
Mike Smith: Right.
Nathan Brady: but this this guy is scare scary scary and that he is um I don't want to say eloquent in his speech but
Mike Smith: No, he's
Nathan Brady: uh
Mike Smith: political. Yeah. No,
Nathan Brady: you
Mike Smith: we
Nathan Brady: know
Mike Smith: know
Nathan Brady: he
Mike Smith: what you're
Nathan Brady: is
Mike Smith: saying. You're saying he's
Nathan Brady: Yeah.

01:00:43

Mike Smith: he talks the talk of a politician.
Nathan Brady: Yeah.
Mike Smith: He
Nathan Brady: But
Mike Smith: can
Nathan Brady: but
Mike Smith: spin
Nathan Brady: his
Mike Smith: words
Nathan Brady: speech
Mike Smith: in
Nathan Brady: is
Mike Smith: a way
Nathan Brady: scary.
Mike Smith: that Yeah.
Nathan Brady: Yeah.
Mike Smith: Yeah.
Nathan Brady: Yeah.
Mike Smith: But what he's saying is is demonstrabably horrible.
Nathan Brady: Right.
Mike Smith: No, I
Nathan Brady: Yes.
Mike Smith: I think we all hear that.
Nathan Brady: that
Mike Smith: So that's
Nathan Brady: those
Mike Smith: that's
Nathan Brady: words.
Mike Smith: why I like to look at his face like this because he just he looks so sad and that makes me very happy.
Nathan Brady: Well, he's he's like
Mike Smith: A
Nathan Brady: Elon.
Mike Smith: lot of these people should suffer a lot.
Nathan Brady: He's
Mike Smith: Yeah,
Nathan Brady: dying
Mike Smith: we've got
Nathan Brady: inside,
Mike Smith: a picture of Elon over there on the right. He also looks sad.
Nathan Brady: right? They're dying inside. I think it I don't know if ketamine makes like one of your eyes start to droop lower than the other one.

01:01:13

Nathan Brady: But that seems like something that's also starting to happen to Rubio. So, I don't know if that's your soul leaving your body, like escaping
Mike Smith: Yes.
Nathan Brady: your body,
Mike Smith: Yeah.
Nathan Brady: or if it's the ketamine or what it, but it's some
Mike Smith: Yeah.
Nathan Brady: matter of whatever cocktail you need to survive as the shell of a human being that you are is probably what makes you look like that. I mean, remember Ann Coulter kind of going through the same thing, you know, all of all of the Trump, Laura Trump going, you know, I mean,
Mike Smith: Yeah.
Nathan Brady: you you
Mike Smith: Yeah.
Nathan Brady: see it happening to all of these people. Um, so anyway, wanted to end on that kind of ridiculous note. Uh, Mike, you got anything else for us today?
Mike Smith: There's Yeah. Yeah. I've got 40 more stories in the news.
Nathan Brady: Oh, no. No, forget it.
Mike Smith: We
Nathan Brady: We don't have
Mike Smith: we
Nathan Brady: time for
Mike Smith: can't

01:01:57

Nathan Brady: that.
Mike Smith: we just don't have time today.
Nathan Brady: We We
Mike Smith: We're gonna
Nathan Brady: crossed
Mike Smith: have to
Nathan Brady: We just crossed the hour mark. Um, I You can only give the people an hour of us a week, I
Mike Smith: No,
Nathan Brady: think.
Mike Smith: I know.
Nathan Brady: Um,
Mike Smith: Yeah. That's the funny thing is that we like to talk about everything that's happened in the last week since our our previous episode,
Nathan Brady: we
Mike Smith: but
Nathan Brady: can't
Mike Smith: honestly,
Nathan Brady: we talk
Mike Smith: most
Nathan Brady: about
Mike Smith: of the
Nathan Brady: three
Mike Smith: time we're
Nathan Brady: things.
Mike Smith: left talking about what's happened this morning like because that's just all we have time for.
Nathan Brady: Yeah. Yeah.
Mike Smith: Ah,
Nathan Brady: Um, and today today all we learned really for today uh on this episode is that Trump can count past 100 and he's learned that uh percentages can go past 100. So, um, he's going to have to count to a thousand tomorrow again because that's when the what the stock market is probably going to be down at the end of the day.

01:02:36

Mike Smith: Jesus.
Nathan Brady: Uh, yay. All right, everyone. Hey, thanks so much for being here. We're talking about doing a live show. So, if you'd like to see kind of us in this format right here, do a little bit more of a live show, an interactive live show, maybe
Mike Smith: Yeah,
Nathan Brady: on Twitch or on YouTube, um, for for an hour, maybe another day later in the week, like a Thursday or whatever, something like that. If you like to see something like that, um, drop us a note. Leave us a a message on Blue Sky. Drop us a note in the comments on YouTube. Like, subscribe. What other actions can they should they take, Mike?
Mike Smith: all
Nathan Brady: Is
Mike Smith: all
Nathan Brady: that
Mike Smith: the Yeah. Do
Nathan Brady: all
Mike Smith: all the
Nathan Brady: of them?
Mike Smith: algorithm things. Share
Nathan Brady: Okay,
Mike Smith: with
Nathan Brady: Mike
Mike Smith: your
Nathan Brady: and
Mike Smith: friends.
Nathan Brady: I. Yeah, we

01:03:15

Mike Smith: Send us to your mom.
Nathan Brady: Right. Send us to your your mom. That's a weird request. Um Mike's got to get back to Trenda Ara. I think he's uh he's got
Mike Smith: I've
Nathan Brady: more work.
Mike Smith: got a lot of stuff to take care of there.
Nathan Brady: Yeah,
Mike Smith: Yeah.
Nathan Brady: he's got a lot of stuff to take care of. And then I got to get back to my Nazi car. And uh we're going to call it for today. So, thanks everyone and we will catch you next time. Bye.
Mike Smith: Thanks everybody.
Nathan Brady: Good stuff.
Mike Smith: Good. Good.
Nathan Brady: Good. Get these.
Mike Smith: You can turn off annotations now.
Nathan Brady: Yeah, I just copy the summary because I don't I don't even I don't even take the whole text anymore. I just copy the summary.
Mike Smith: Oh, really?
Nathan Brady: Yeah, the summary is really good. And then I take that and then I I summarize from the summary.

01:04:00

Nathan Brady: So, here's the Oh, it won't
Mike Smith: And
Nathan Brady: let
Mike Smith: then
Nathan Brady: me put
Mike Smith: you
Nathan Brady: it
Mike Smith: what
Nathan Brady: all.
Mike Smith: do you do to just include these links that we have here?
Nathan Brady: And then I just copy I literally just copy paste that. See,
Mike Smith: Okay.
Nathan Brady: here's
Mike Smith: So,
Nathan Brady: here's the summary. I just dropped it into the Slack
Mike Smith: Yeah,
Nathan Brady: and then I just
Mike Smith: Blues
Nathan Brady: take
Mike Smith: Edition.
Nathan Brady: this.
Mike Smith: I think that I would
Nathan Brady: Yeah.
Mike Smith: maybe
Nathan Brady: No, that
Mike Smith: update
Nathan Brady: that's
Mike Smith: that.
Nathan Brady: I copy this whole thing. Then I put it into cursor and then I say summarize this and create our next XML, you know.
Mike Smith: Oh, yeah. Okay. So, it's
Nathan Brady: And
Mike Smith: it's not going to have the Blues
Nathan Brady: none
Mike Smith: edition.
Nathan Brady: of this, it
Mike Smith: It'll
Nathan Brady: doesn't

01:04:33

Mike Smith: have
Nathan Brady: have any of this. It literally the summaries like I can do it right now. I'll show you. It's really cool
Mike Smith: Yeah.
Nathan Brady: actually.
Mike Smith: Yeah.
Nathan Brady: Let me share my uh me share my blue sedition screen.
Mike Smith: Yeah. And can we get it to like stop after the initial name drops? Can we just go to firstn name basis? It's weird to be like four sentences in here and it still says Mike Smith and Nate
Nathan Brady: No,
Mike Smith: Brady.
Nathan Brady: no, none of this. None of this. No, it's going to follow my format. Let me let me show you.
Mike Smith: Can you show me
Nathan Brady: I'm gonna Why don't
Mike Smith: because
Nathan Brady: I
Mike Smith: you're
Nathan Brady: show
Mike Smith: not sharing anything right now.
Nathan Brady: because I haven't opened it
Mike Smith: I'm
Nathan Brady: yet,
Mike Smith: still
Nathan Brady: right?
Mike Smith: staring at Marco Rubio.
Nathan Brady: Marco Rubio. Uh, let's see.

01:05:09

Nathan Brady: And then
Mike Smith: What
Nathan Brady: share
Mike Smith: a guy.
Nathan Brady: window. This share. Right. So, I have this, right? Can you see this? Are you seeing? Yeah. Okay. So, here's the XML for the podcast.
Mike Smith: Okay.
Nathan Brady: Right. And
Mike Smith: Yeah.
Nathan Brady: then I
Mike Smith: Yeah.
Nathan Brady: just take this summary and I drop it in here and I say create the next episode XML. And now it'll do.
Mike Smith: Whoa.
Nathan Brady: In fact, let me do I think it's P, right? Word rap here. And so we'll see what the next episode looks like. And then I just, you know, I edit it a little bit if it doesn't look
Mike Smith: right?
Nathan Brady: great. And I change the the the title. They they try the title, but it's always a little, you know, it's
Mike Smith: You
Nathan Brady: not
Mike Smith: said
Nathan Brady: right.
Mike Smith: you already had one going for today.

01:05:55

Nathan Brady: Yeah. Yeah. And then we'll use that title. Um, so we'll apply this
Mike Smith: That's a fun one.
Nathan Brady: here and then. So, yeah. So, see Mike and Nate tackled the the dramatic Dow Jones roller coaster. Yep.
Mike Smith: Yeah. Okay.
Nathan Brady: Devastating impact on consumer goods and discuss 439 billion worth of Chinese imports affected. Uh, Stalantis furlowing 900 workers and a CNBC survey. They explore accelerationism. This episode concludes with updates on deportation cases, includes AP's court victory.
Mike Smith: That's good.
Nathan Brady: Uh, this this is not the correct name.
Mike Smith: The name's wrong, but
Nathan Brady: Yeah. And then that's it. And then I just verify like today is the 8th. For some reason, it can't get dates, right? Uh, and then the duration is obviously it doesn't know what that is. So, but then
Mike Smith: maybe it
Nathan Brady: 38th
Mike Smith: assumes like we're going to be publishing this tomorrow or something.
Nathan Brady: But it said Tuesday the 9th.

01:07:02

Nathan Brady: It's just dumb.
Mike Smith: Oh,
Nathan Brady: Like you literally have Tuesday the 1 right here. You
Mike Smith: yeah.
Nathan Brady: Why are you putting Tuesday the 9th, you know?
Mike Smith: that it assumes
Nathan Brady: Um
Mike Smith: we're not on the Gregorian calendar. It's like
Nathan Brady: Yeah,
Mike Smith: I don't
Nathan Brady: that's
Mike Smith: know how
Nathan Brady: got to be
Mike Smith: many
Nathan Brady: it.
Mike Smith: days that per
Nathan Brady: Yeah,
Mike Smith: week there are. It's crazy.
Nathan Brady: that's it. So then when I do my editing, I just fix the this I'm going to edit the uh the thing in in
Mike Smith: How
Nathan Brady: the video
Mike Smith: do you
Nathan Brady: editor
Mike Smith: split the
Nathan Brady: now.
Mike Smith: the MP3 in the video?
Nathan Brady: Oh, I wrote a
Mike Smith: That's just a script you run
Nathan Brady: It's It's literally
Mike Smith: because there two there two layers in the video. So, I assume you can just sort of be like output PD uh MP3 or whatever.

01:07:39

Nathan Brady: Yeah, it's just a It's I literally have a command that it's just called MP3 and it takes every every uh MP4 in a directory and then outputs
Mike Smith: It
Nathan Brady: uh
Mike Smith: just blasts out MP3s.
Nathan Brady: Yeah. Yeah.
Mike Smith: That's good. Uh oh, we
Nathan Brady: Yeah.
Mike Smith: got a support request. What do you need? Cloudflare warp issue. I'm using the new cloud 4 ZTNA from the logs for the security person. Looks like your device is trying to hit a 10. You're not in the list of allowed users. Probably between your network addressing above my pay grade. You know what that means,
Nathan Brady: from the logs per the security person. Looks like your device is trying to hit an internal network in
Mike Smith: right?
Nathan Brady: ABWS.
Mike Smith: I'm guessing it trying to hit that
Nathan Brady: What? What the f*** is ZTNA?
Mike Smith: that's I just it's a offering by Cloudflare. Apparently it has to do with their authentication or I'm sorry their um VPN I think.
Nathan Brady: Oh, a zero trust security model.
Mike Smith: Yeah.
Nathan Brady: This sounds like a configuration issue.
Mike Smith: Yeah. Brad and I were talking a bit just a bit ago about SH 2 and I mean that's an internal IP. I assume that but you can't route to zero can you?
Nathan Brady: Well,
Mike Smith: It's one
Nathan Brady: it's the it's the cider block though.
Mike Smith: I know it's the cider block, but in AWS, but you're not on the list of allowed users. Oh, yeah. Okay. You're you you told him what I mean. I don't know why Tony's raising this thing instead of somebody else.
Nathan Brady: Yeah.
Mike Smith: Tony, are you are you vibe coding over there?
Nathan Brady: And and I'm not a fine on it. Like who
Mike Smith: what's
Nathan Brady: are you
Mike Smith: yeah,
Nathan Brady: talking to?
Mike Smith: there is that I mean What's Cloudflare work? Is.