1 00:00:00,000 --> 00:00:02,340 You ever get that feeling like a knot in your stomach 2 00:00:02,340 --> 00:00:05,100 when you see the economic headlines, you know, 3 00:00:05,100 --> 00:00:08,040 and you're trying to figure out what it all means 4 00:00:08,040 --> 00:00:10,900 with everything else going on, all the political stuff? 5 00:00:10,900 --> 00:00:12,540 Yeah, it can be a lot to process. 6 00:00:12,540 --> 00:00:15,260 Like trying to solve a Rubik's Cube while on a roller coaster. 7 00:00:15,260 --> 00:00:18,500 Exactly, that feeling of being totally overwhelmed. 8 00:00:18,500 --> 00:00:20,820 Well, that's what we're tackling today. 9 00:00:20,820 --> 00:00:23,780 You sent over a really interesting bunch of articles 10 00:00:23,780 --> 00:00:26,060 and analyses and we're gonna dive deep. 11 00:00:26,060 --> 00:00:26,900 Yeah, deep dive. 12 00:00:26,900 --> 00:00:28,660 See if we can pull out the most important, 13 00:00:28,660 --> 00:00:30,540 the most fascinating insights 14 00:00:30,540 --> 00:00:32,500 without getting lost in all the details. 15 00:00:32,500 --> 00:00:36,660 Exactly, it's a snapshot of a pretty crazy time. 16 00:00:36,660 --> 00:00:38,340 A lot of things happening at once. 17 00:00:38,340 --> 00:00:41,540 So what we're gonna do is try to untangle it all for you. 18 00:00:41,540 --> 00:00:42,660 How are these things connected? 19 00:00:42,660 --> 00:00:45,580 The economy, the political strategies, the media, 20 00:00:45,580 --> 00:00:47,340 and even what's happening up in Canada. 21 00:00:47,340 --> 00:00:49,060 It's all right there in what you sent. 22 00:00:49,060 --> 00:00:53,020 Right, we've got news reports, in-depth analyses, 23 00:00:53,020 --> 00:00:55,380 opinions on the markets, political maneuvering, 24 00:00:55,380 --> 00:00:56,940 how the media is changing. 25 00:00:56,940 --> 00:00:59,540 Think of it as like your key cheat. 26 00:00:59,540 --> 00:01:01,820 To understanding what's happening, why it's happening, 27 00:01:01,820 --> 00:01:03,260 and what it all means 28 00:01:03,260 --> 00:01:05,900 without having to read through a ton of articles yourself. 29 00:01:05,900 --> 00:01:06,820 So good. 30 00:01:06,820 --> 00:01:08,140 Okay, so let's jump in. 31 00:01:08,140 --> 00:01:10,460 And maybe the best place to start 32 00:01:10,460 --> 00:01:13,740 is with this bumpy ride the economy seems to be on. 33 00:01:13,740 --> 00:01:14,780 Yeah, for sure. 34 00:01:14,780 --> 00:01:18,260 You can't miss a headline like Trump wrecks the economy. 35 00:01:18,260 --> 00:01:20,380 That's from Electoral Vote News. 36 00:01:20,380 --> 00:01:22,500 And they make some pretty strong arguments. 37 00:01:22,500 --> 00:01:25,100 Starting with the idea that trade policy right now 38 00:01:25,100 --> 00:01:27,060 is, well, all over the place. 39 00:01:27,060 --> 00:01:27,900 Okay. 40 00:01:27,900 --> 00:01:28,820 They focus on the tariffs, 41 00:01:28,820 --> 00:01:31,140 especially with Canada and Mexico. 42 00:01:31,140 --> 00:01:34,940 And this possible 250% dairy tariff, 43 00:01:34,940 --> 00:01:36,380 April 2nd, I think it was. 44 00:01:36,380 --> 00:01:38,140 Which right away, you have to wonder, 45 00:01:38,140 --> 00:01:39,420 what's the strategy there? 46 00:01:39,420 --> 00:01:40,940 I mean, is this actually about policy 47 00:01:40,940 --> 00:01:44,220 or is it about trying to strong arm these other countries, 48 00:01:44,220 --> 00:01:45,780 maybe force them to negotiate, 49 00:01:45,780 --> 00:01:49,020 but on terms that are more favorable to us? 50 00:01:49,020 --> 00:01:51,980 And it makes you think, how is Canada's new leader, 51 00:01:51,980 --> 00:01:53,380 the guy we'll talk about later, 52 00:01:53,380 --> 00:01:55,020 gonna react to this kind of tactic? 53 00:01:55,020 --> 00:01:57,460 But all this uncertainty that's back and forth, 54 00:01:57,460 --> 00:01:59,300 it's definitely not good for business. 55 00:01:59,300 --> 00:02:00,580 No, definitely not. 56 00:02:00,580 --> 00:02:03,140 And then there's this whole thing about the job market. 57 00:02:03,140 --> 00:02:07,820 And it's tied to this idea of DOGE, whatever that is. 58 00:02:07,820 --> 00:02:08,780 DOGE. 59 00:02:08,780 --> 00:02:11,020 Apparently it has to do with restructuring the government. 60 00:02:11,020 --> 00:02:14,580 Like a lot of job cuts, the numbers are pretty scary. 61 00:02:14,580 --> 00:02:18,340 60,000 federal employees possibly losing their jobs. 62 00:02:18,340 --> 00:02:23,020 And a huge jump in job losses last month, like 245%. 63 00:02:23,020 --> 00:02:26,220 The article said it's the worst February since 2009. 64 00:02:26,220 --> 00:02:28,220 And that kind of shock to the system, 65 00:02:28,220 --> 00:02:29,980 especially the public sector, 66 00:02:29,980 --> 00:02:32,260 it's gonna have ripple effects throughout the economy. 67 00:02:32,260 --> 00:02:34,180 It paints a pretty chaotic picture. 68 00:02:34,180 --> 00:02:36,140 And then you've got Trump himself on Fox News 69 00:02:36,140 --> 00:02:38,060 saying some things that seem to contradict 70 00:02:38,060 --> 00:02:39,700 what he used to say about the economy. 71 00:02:39,700 --> 00:02:41,620 Yeah, like that thing about, 72 00:02:41,620 --> 00:02:43,380 you can't really watch the stock market. 73 00:02:43,380 --> 00:02:44,860 That's a pretty big change. 74 00:02:44,860 --> 00:02:46,780 I mean, he used to talk about how great the market 75 00:02:46,780 --> 00:02:48,260 was doing all the time, 76 00:02:48,260 --> 00:02:49,740 especially in his first term 77 00:02:49,740 --> 00:02:51,620 and even earlier in this campaign. 78 00:02:51,620 --> 00:02:52,460 Exactly. 79 00:02:52,460 --> 00:02:53,820 So what's even more interesting 80 00:02:53,820 --> 00:02:56,020 is this new focus on the longterm. 81 00:02:56,020 --> 00:02:57,620 He even mentioned China 82 00:02:57,620 --> 00:03:00,820 and how they think in terms of like a hundred year plan. 83 00:03:00,820 --> 00:03:03,380 It's like a complete 180 from before 84 00:03:03,380 --> 00:03:05,380 when he was all about immediate results 85 00:03:05,380 --> 00:03:07,100 how the market was doing that day. 86 00:03:07,100 --> 00:03:09,460 He even admitted that there might be some disruption coming, 87 00:03:09,460 --> 00:03:11,020 maybe even a recession. 88 00:03:11,020 --> 00:03:12,940 Almost like he's trying to get ahead of bad news. 89 00:03:12,940 --> 00:03:13,780 Right. It's like saying, 90 00:03:13,780 --> 00:03:16,540 hey, don't blame me if things go south. 91 00:03:16,540 --> 00:03:18,460 But the Electoral Vote News article, 92 00:03:18,460 --> 00:03:19,980 they point out that kind of talk 93 00:03:19,980 --> 00:03:22,580 can also be seen as a lack of confidence. 94 00:03:22,580 --> 00:03:25,100 And the markets definitely reacted 95 00:03:25,100 --> 00:03:26,300 and not in a good way. 96 00:03:26,300 --> 00:03:27,140 Yeah, big time. 97 00:03:27,140 --> 00:03:32,140 I mean, over $1.75 trillion just gone, poof, in one day. 98 00:03:32,740 --> 00:03:35,740 The Dow down 900 points, NASDAQ down 4%, 99 00:03:35,740 --> 00:03:38,740 S&P 500 down 2.7%. 100 00:03:38,740 --> 00:03:40,580 That's basically wiping out every gain 101 00:03:40,580 --> 00:03:42,140 since he came into office. 102 00:03:42,140 --> 00:03:44,940 It's hard to wrap your head around that amount of money. 103 00:03:44,940 --> 00:03:47,380 Like $1.75 trillion, 104 00:03:47,380 --> 00:03:49,740 that's basically the entire GDP of Italy. 105 00:03:49,740 --> 00:03:50,580 Wow. 106 00:03:50,580 --> 00:03:52,380 It really shows how much of an impact this had. 107 00:03:52,380 --> 00:03:54,140 And it wasn't just the overall market. 108 00:03:54,140 --> 00:03:55,740 Tesla got hit hard too. 109 00:03:55,740 --> 00:03:57,900 Their stock dropped 15%. 110 00:03:57,900 --> 00:03:58,740 Oh. 111 00:03:58,740 --> 00:04:01,940 That's a $30 billion hit for Elon Musk. 112 00:04:01,940 --> 00:04:04,660 Makes you wonder, is this just about what Trump said? 113 00:04:04,660 --> 00:04:05,500 Yeah. 114 00:04:05,500 --> 00:04:06,580 Or is there something else going on? 115 00:04:06,580 --> 00:04:09,700 Are people starting to worry about Musk's leadership 116 00:04:09,700 --> 00:04:11,340 about what's gonna happen with Tesla? 117 00:04:11,340 --> 00:04:13,180 If that stock keeps going down, 118 00:04:13,180 --> 00:04:14,660 it could really mess things up for him. 119 00:04:14,660 --> 00:04:18,460 Yeah, talk about adding fuel to the Elon Musk fire. 120 00:04:18,460 --> 00:04:20,220 But of course, there's another side to the story. 121 00:04:20,220 --> 00:04:22,900 People like Representative Nicole Malia-Takas, 122 00:04:22,900 --> 00:04:26,340 she's blaming Biden's policies for the economic problems. 123 00:04:26,340 --> 00:04:29,660 Regulations, all the spending, interest rates. 124 00:04:29,660 --> 00:04:32,380 And the Electoral Vote News article, they're fair. 125 00:04:32,380 --> 00:04:34,780 They say, look, the economy's complicated, 126 00:04:34,780 --> 00:04:36,300 things don't happen overnight. 127 00:04:36,300 --> 00:04:37,740 They even bring up the Great Depression 128 00:04:37,740 --> 00:04:39,500 and how some of those problems actually started 129 00:04:39,500 --> 00:04:41,700 with the president before Hoover. 130 00:04:41,700 --> 00:04:45,700 But they're not buying Malia-Takas' argument completely. 131 00:04:45,700 --> 00:04:47,340 They're like, where's the evidence? 132 00:04:47,340 --> 00:04:49,380 The Inflation Reduction Act, that was a while ago. 133 00:04:49,380 --> 00:04:51,980 Why would things suddenly be going bad now because of that? 134 00:04:51,980 --> 00:04:53,420 Yeah, the timing seems off. 135 00:04:53,420 --> 00:04:55,380 It can't all be blamed on Biden, right? 136 00:04:55,380 --> 00:04:56,220 Right. 137 00:04:56,220 --> 00:04:57,540 And this is where things get really interesting. 138 00:04:57,540 --> 00:04:59,260 Because now we're talking about the idea 139 00:04:59,260 --> 00:05:01,460 of intentional market manipulation. 140 00:05:01,460 --> 00:05:02,300 Exactly. 141 00:05:02,300 --> 00:05:03,740 You sent those documents. 142 00:05:03,740 --> 00:05:05,860 Could all of this be intentional? 143 00:05:05,860 --> 00:05:08,300 And evidence supports the claim. 144 00:05:08,300 --> 00:05:10,460 They go deep into this theory. 145 00:05:10,460 --> 00:05:14,620 And the main guy behind this is Anthony Pompilano. 146 00:05:14,620 --> 00:05:18,220 He's saying basically that Trump and his Treasury Secretary, 147 00:05:18,220 --> 00:05:21,020 Scott Besant, might be doing this on purpose. 148 00:05:21,020 --> 00:05:22,940 They're trying to make the market go crazy. 149 00:05:22,940 --> 00:05:24,180 OK, why would they want to do that? 150 00:05:24,180 --> 00:05:24,860 What's the point? 151 00:05:24,860 --> 00:05:26,340 Well, here's how he explains it. 152 00:05:26,340 --> 00:05:29,700 The US has to refinance a ton of debt soon, something 153 00:05:29,700 --> 00:05:33,140 like $5.37 trillion. 154 00:05:33,140 --> 00:05:35,180 And if interest rates are lower, it 155 00:05:35,180 --> 00:05:38,220 will cost the government way less to borrow that money, 156 00:05:38,220 --> 00:05:40,140 billions of dollars less. 157 00:05:40,140 --> 00:05:43,980 OK, so the idea is, if they create enough uncertainty, 158 00:05:43,980 --> 00:05:45,900 make everyone nervous, investors will 159 00:05:45,900 --> 00:05:48,220 want to put their money in something safe, like Treasury 160 00:05:48,220 --> 00:05:48,820 bonds. 161 00:05:48,820 --> 00:05:51,620 And when more people want those bonds, the price goes up, 162 00:05:51,620 --> 00:05:54,500 which means the yield, the interest rate goes down. 163 00:05:54,500 --> 00:05:56,740 So they're basically trying to engineer 164 00:05:56,740 --> 00:06:00,100 a mini economic earthquake to make borrowing cheaper. 165 00:06:00,100 --> 00:06:01,380 Exactly. 166 00:06:01,380 --> 00:06:05,180 And Pompilano is saying that all this stuff, the terrorists, 167 00:06:05,180 --> 00:06:07,340 Trump's doom and gloom speeches, even 168 00:06:07,340 --> 00:06:10,500 Besant talking about needing a detox from government spending, 169 00:06:10,500 --> 00:06:11,860 it's all part of the plan. 170 00:06:11,860 --> 00:06:12,620 Oh, OK. 171 00:06:12,620 --> 00:06:14,340 Besant actually said the economy is 172 00:06:14,340 --> 00:06:17,300 hooked on government spending, needs a detox. 173 00:06:17,300 --> 00:06:19,780 So he's admitting that things might get rough in the short term. 174 00:06:19,780 --> 00:06:20,700 Wow. 175 00:06:20,700 --> 00:06:24,020 And Pompilano says that the tariffs specifically 176 00:06:24,020 --> 00:06:26,420 have made investors nervous, which, by the way, 177 00:06:26,420 --> 00:06:29,420 has caused the yield on the 10-year Treasury to go down. 178 00:06:29,420 --> 00:06:30,020 Right. 179 00:06:30,020 --> 00:06:33,700 It's fallen from almost 4.8% at the beginning of the year 180 00:06:33,700 --> 00:06:35,820 to about 4.2 now. 181 00:06:35,820 --> 00:06:37,860 And that kind of draw, it affects everything, 182 00:06:37,860 --> 00:06:40,620 mortgages, business loans, it's a big deal. 183 00:06:40,620 --> 00:06:41,420 Huge. 184 00:06:41,420 --> 00:06:43,700 And then there's what Trump has been saying, stuff like, 185 00:06:43,700 --> 00:06:46,740 nobody ever gets rich when interest rates are high. 186 00:06:46,740 --> 00:06:48,220 Pretty telling, don't you think? 187 00:06:48,220 --> 00:06:51,420 And he's not talking about the stock market as much anymore. 188 00:06:51,420 --> 00:06:53,340 Before he was all about that as proof 189 00:06:53,340 --> 00:06:55,020 that he was doing a good job. 190 00:06:55,020 --> 00:06:57,780 Now it seems like he's more focused on the bond market 191 00:06:57,780 --> 00:06:59,460 and trying to manage all that debt. 192 00:06:59,460 --> 00:07:01,580 OK, so it's all circumstantial. 193 00:07:01,580 --> 00:07:03,140 Right, there's no smoking gun. 194 00:07:03,140 --> 00:07:04,740 But when you put it all together, 195 00:07:04,740 --> 00:07:08,180 it does seem like it could be a deliberate strategy. 196 00:07:08,180 --> 00:07:09,380 They need to borrow money. 197 00:07:09,380 --> 00:07:10,980 They're using the tariffs and all this talk 198 00:07:10,980 --> 00:07:13,660 to spook the markets and the markets are reacting. 199 00:07:13,660 --> 00:07:15,260 It's definitely something to keep an eye on. 200 00:07:15,260 --> 00:07:16,660 No doubt, for sure. 201 00:07:16,660 --> 00:07:18,060 Now let's talk about something else 202 00:07:18,060 --> 00:07:20,660 that could throw a wrench into the economy. 203 00:07:20,660 --> 00:07:22,340 This whole government shutdown thing. 204 00:07:22,340 --> 00:07:25,460 Right, electoral vote news laid that out pretty clearly. 205 00:07:25,460 --> 00:07:28,820 Government funding's about to run out again. 206 00:07:28,820 --> 00:07:31,420 And as usual, nobody thinks they'll actually 207 00:07:31,420 --> 00:07:33,660 agree on a real budget. 208 00:07:33,660 --> 00:07:36,140 So Speaker Johnson is pushing for another continuing 209 00:07:36,140 --> 00:07:36,860 resolution. 210 00:07:36,860 --> 00:07:38,100 A CER, right. 211 00:07:38,100 --> 00:07:39,940 Exactly, a CER. 212 00:07:39,940 --> 00:07:41,980 Just to keep the lights on for a little while longer. 213 00:07:41,980 --> 00:07:44,940 But even a CER, it's not so simple these days. 214 00:07:44,940 --> 00:07:47,500 Not with the political climate being what it is. 215 00:07:47,500 --> 00:07:48,820 Yeah, how so? 216 00:07:48,820 --> 00:07:52,140 This isn't just extending the Biden budget like they used to. 217 00:07:52,140 --> 00:07:54,820 This CER has more money for things Republicans want, 218 00:07:54,820 --> 00:07:56,900 like defense and border security. 219 00:07:56,900 --> 00:07:59,500 But it cuts money for other programs. 220 00:07:59,500 --> 00:08:01,940 Things like programs for families and children, 221 00:08:01,940 --> 00:08:04,660 health care, even election security. 222 00:08:04,660 --> 00:08:07,380 And there's nothing in there for disaster relief. 223 00:08:07,380 --> 00:08:10,700 Which is concerning, because usually when there's 224 00:08:10,700 --> 00:08:12,260 a hurricane or a big earthquake, 225 00:08:12,260 --> 00:08:14,220 Congress is pretty quick to send money. 226 00:08:14,220 --> 00:08:15,020 You would think. 227 00:08:15,020 --> 00:08:17,620 But the Democrats aren't happy with this CER either, right? 228 00:08:17,620 --> 00:08:18,340 Nope. 229 00:08:18,340 --> 00:08:20,580 They're worried because it doesn't really limit 230 00:08:20,580 --> 00:08:23,460 how Trump and Musk can spend the money. 231 00:08:23,460 --> 00:08:25,140 It gives them a lot of leeway. 232 00:08:25,140 --> 00:08:28,020 And they're talking about some creative accounting, 233 00:08:28,020 --> 00:08:30,380 I guess you could call it, that would let them move money 234 00:08:30,380 --> 00:08:31,540 around even more. 235 00:08:31,540 --> 00:08:33,700 So it's supposed to be just keeping things the same. 236 00:08:33,700 --> 00:08:37,100 But it really favors Republicans and the mangy agenda. 237 00:08:37,100 --> 00:08:37,780 Interesting. 238 00:08:37,780 --> 00:08:40,140 And it sounds like the vote in the House is going to be close. 239 00:08:40,140 --> 00:08:40,860 Oh, yeah. 240 00:08:40,860 --> 00:08:41,900 Nailbiter. 241 00:08:41,900 --> 00:08:44,620 The Republicans have a tiny majority. 242 00:08:44,620 --> 00:08:46,460 Trump and Jefferies, the minority leader, 243 00:08:46,460 --> 00:08:48,420 they're both whipping votes like crazy. 244 00:08:48,420 --> 00:08:51,620 We know of at least one Republican who's a definite no. 245 00:08:51,620 --> 00:08:54,900 But there are a few Democrats who might vote yes. 246 00:08:54,900 --> 00:08:55,820 It could go either way. 247 00:08:55,820 --> 00:08:56,340 Really? 248 00:08:56,340 --> 00:08:57,260 Wow. 249 00:08:57,260 --> 00:09:00,780 And then if it passes the House, it goes to the Senate. 250 00:09:00,780 --> 00:09:03,820 And that's where things get really tricky for the Democrats. 251 00:09:03,820 --> 00:09:04,580 How so? 252 00:09:04,580 --> 00:09:05,580 They try to block it. 253 00:09:05,580 --> 00:09:07,740 If they do, and the government shuts down, 254 00:09:07,740 --> 00:09:09,940 they'll get blamed, especially with the markets 255 00:09:09,940 --> 00:09:11,380 already being so volatile. 256 00:09:11,380 --> 00:09:14,220 But if they don't, they have to swallow a bill that they hate. 257 00:09:14,220 --> 00:09:16,940 And it's technically an extension of their own party's budget. 258 00:09:16,940 --> 00:09:18,900 Senator Federman seems like he'll vote yes, 259 00:09:18,900 --> 00:09:21,140 but a bunch of other Democrats are going to vote no. 260 00:09:21,140 --> 00:09:22,300 And then you have Rand Paul. 261 00:09:22,300 --> 00:09:24,860 They'll probably vote no too, even though he's a Republican. 262 00:09:24,860 --> 00:09:25,620 It's a total mess. 263 00:09:25,620 --> 00:09:26,700 It sounds like it. 264 00:09:26,700 --> 00:09:28,420 Another shutdown cliffhanger. 265 00:09:28,420 --> 00:09:30,740 OK, well, let's move on to a different kind of instability. 266 00:09:30,740 --> 00:09:34,460 The media, it seems like things are changing there, too, 267 00:09:34,460 --> 00:09:35,420 in a big way. 268 00:09:35,420 --> 00:09:36,340 They are. 269 00:09:36,340 --> 00:09:39,900 Electoral vote news had some examples that really stood out. 270 00:09:39,900 --> 00:09:43,340 First, you have Ruth Marcus, a columnist at the Washington 271 00:09:43,340 --> 00:09:45,180 Post for a long time, very well respected. 272 00:09:45,180 --> 00:09:45,940 She resigned. 273 00:09:45,940 --> 00:09:46,500 She did. 274 00:09:46,500 --> 00:09:47,180 Yeah. 275 00:09:47,180 --> 00:09:49,420 Seems like it was over a column she wrote that was critical 276 00:09:49,420 --> 00:09:52,180 of Jeff Bezos, the owner of the post. 277 00:09:52,180 --> 00:09:53,140 They wouldn't publish it. 278 00:09:53,140 --> 00:09:55,700 When someone like that quits, you know something's up. 279 00:09:55,700 --> 00:09:59,180 It definitely makes you think about how much control owners 280 00:09:59,180 --> 00:10:02,100 have over what gets published, especially when a big name 281 00:10:02,100 --> 00:10:04,660 journalist feels like they have to leave. 282 00:10:04,660 --> 00:10:06,180 But then there's CNN. 283 00:10:06,180 --> 00:10:08,980 And they just gave Scott Jennings, one of their commentators, 284 00:10:08,980 --> 00:10:11,460 a new contract and a raise. 285 00:10:11,460 --> 00:10:14,340 Yeah, and Jennings is supposed to be the conservative voice 286 00:10:14,340 --> 00:10:15,140 there. 287 00:10:15,140 --> 00:10:16,940 But some of the things he said lately, 288 00:10:16,940 --> 00:10:18,580 well, they're pretty out there. 289 00:10:18,580 --> 00:10:20,900 The article gave some examples, like he said 290 00:10:20,900 --> 00:10:22,700 Trump can ignore court rulings if they 291 00:10:22,700 --> 00:10:24,940 don't come from the Supreme Court. 292 00:10:24,940 --> 00:10:27,940 And he defended Elon Musk in some pretty weird ways. 293 00:10:27,940 --> 00:10:29,700 And then there were these inflammatory comments 294 00:10:29,700 --> 00:10:31,540 about all kinds of social issues. 295 00:10:31,540 --> 00:10:32,100 OK. 296 00:10:32,100 --> 00:10:33,740 It's like he's just trying to provoke people, 297 00:10:33,740 --> 00:10:35,340 not have a real conversation. 298 00:10:35,340 --> 00:10:37,980 So electoral vote news didn't hold back. 299 00:10:37,980 --> 00:10:40,260 They called him a heel, like in professional wrestling. 300 00:10:40,260 --> 00:10:44,220 The bad guy who's there to get the crowd riled up. 301 00:10:44,220 --> 00:10:45,980 And they really went after CNN saying 302 00:10:45,980 --> 00:10:48,260 they're getting rid of good journalists, but paying this guy 303 00:10:48,260 --> 00:10:51,340 more to just spout off partisan talking points. 304 00:10:51,340 --> 00:10:53,900 It makes you question where the media is headed. 305 00:10:53,900 --> 00:10:55,620 And that leads right into the next part of the media 306 00:10:55,620 --> 00:10:56,020 discussion. 307 00:10:56,020 --> 00:10:58,140 Jonathan V last, he writes for the Bull Work. 308 00:10:58,140 --> 00:11:00,220 And he had this article called, All Media 309 00:11:00,220 --> 00:11:02,060 Will Be Forced to Choose. 310 00:11:02,060 --> 00:11:04,460 He says the media is splitting into three groups. 311 00:11:04,460 --> 00:11:07,220 State media, then this kind of neutral reporting, 312 00:11:07,220 --> 00:11:10,300 like you'd see for sports, and then pro-democracy media. 313 00:11:10,300 --> 00:11:10,780 OK. 314 00:11:10,780 --> 00:11:11,980 But he thinks that won't last. 315 00:11:11,980 --> 00:11:13,540 Eventually there'll just be two sides. 316 00:11:13,540 --> 00:11:15,660 Those who are against authoritarianism 317 00:11:15,660 --> 00:11:17,100 and those who are OK with it. 318 00:11:17,100 --> 00:11:17,540 Wow. 319 00:11:17,540 --> 00:11:20,540 That's a pretty grim picture of the future of the media. 320 00:11:20,540 --> 00:11:23,620 And it's interesting that he refuses to call Fox News. 321 00:11:23,620 --> 00:11:25,860 It's not just people on one side of the political spectrum 322 00:11:25,860 --> 00:11:28,060 who are worried about this. 323 00:11:28,060 --> 00:11:31,340 Mike Maznik from TechDirt, he wrote a piece about how they've 324 00:11:31,340 --> 00:11:33,340 basically become a democracy blog, 325 00:11:33,340 --> 00:11:35,500 even though that wasn't their original intention. 326 00:11:35,500 --> 00:11:37,260 He said it's because of what he sees 327 00:11:37,260 --> 00:11:40,180 as a mass destruction of fundamental concepts 328 00:11:40,180 --> 00:11:41,220 of democracy. 329 00:11:41,220 --> 00:11:42,260 Strong words. 330 00:11:42,260 --> 00:11:43,460 Very strong. 331 00:11:43,460 --> 00:11:45,460 And he's saying it's not just about normal political 332 00:11:45,460 --> 00:11:46,180 disagreements. 333 00:11:46,180 --> 00:11:48,460 It's about something much bigger, something 334 00:11:48,460 --> 00:11:51,300 that threatens innovation and freedom. 335 00:11:51,300 --> 00:11:54,900 So the bottom line here is, with all the political craziness, 336 00:11:54,900 --> 00:11:57,340 media outlets are having to figure out who they are. 337 00:11:57,340 --> 00:11:59,900 Do they stick to this idea of neutrality, 338 00:11:59,900 --> 00:12:02,220 or do they take a stand and defend democracy? 339 00:12:02,220 --> 00:12:04,180 It's a big shift from how the media used to be. 340 00:12:04,180 --> 00:12:05,660 It really is. 341 00:12:05,660 --> 00:12:07,780 OK, let's move on to some international news. 342 00:12:07,780 --> 00:12:09,460 It looks like Canada has a new leader, 343 00:12:09,460 --> 00:12:10,620 and it's a big change. 344 00:12:10,620 --> 00:12:11,100 Yeah. 345 00:12:11,100 --> 00:12:13,580 Mark Carney, he used to run the Bank of Canada 346 00:12:13,580 --> 00:12:14,860 and the Bank of England. 347 00:12:14,860 --> 00:12:15,980 Huge resume. 348 00:12:15,980 --> 00:12:17,740 He just won the leadership election 349 00:12:17,740 --> 00:12:20,860 for the Liberal Party, taking over for Justin Trudeau. 350 00:12:20,860 --> 00:12:23,260 That's a pretty big deal, considering he's never 351 00:12:23,260 --> 00:12:24,620 held elected office before. 352 00:12:24,620 --> 00:12:25,580 It is. 353 00:12:25,580 --> 00:12:28,180 But he's got all this experience in public service, 354 00:12:28,180 --> 00:12:30,940 and he's a big name in international finance. 355 00:12:30,940 --> 00:12:34,140 The Electoral Vote News article compared him to Trump. 356 00:12:34,140 --> 00:12:36,140 They said Carney is actually educated 357 00:12:36,140 --> 00:12:38,620 and knows how to run a business, not just pretending 358 00:12:38,620 --> 00:12:39,340 like Trump. 359 00:12:39,340 --> 00:12:40,300 OK, interesting. 360 00:12:40,300 --> 00:12:42,580 And it sounds like Carney is a centrist. 361 00:12:42,580 --> 00:12:45,780 He wouldn't join Harper's conservative government before. 362 00:12:45,780 --> 00:12:49,020 Even Christia Freeland, who was a big part of Trudeau's cabinet, 363 00:12:49,020 --> 00:12:50,780 she didn't do well in the leadership race. 364 00:12:50,780 --> 00:12:53,420 It seems like the Liberals are ready for something different. 365 00:12:53,420 --> 00:12:54,260 For sure. 366 00:12:54,260 --> 00:12:56,140 The article had a polling chart, and you 367 00:12:56,140 --> 00:12:58,300 can see this big swing towards the Liberals 368 00:12:58,300 --> 00:13:00,220 around January 20. 369 00:13:00,220 --> 00:13:03,180 So yeah, big change in public opinion up in Canada. 370 00:13:03,180 --> 00:13:05,020 And then there's Carney's victory speech. 371 00:13:05,020 --> 00:13:07,180 He came right out and said he's going to get rid of the carbon 372 00:13:07,180 --> 00:13:10,100 tax and stop the capital gains tax increase. 373 00:13:10,100 --> 00:13:13,100 So different economic policies for sure. 374 00:13:13,100 --> 00:13:14,860 But the most interesting part of the speech 375 00:13:14,860 --> 00:13:18,580 was when he went after Trump's trade policies, called them 376 00:13:18,580 --> 00:13:20,940 unjustified tariffs. 377 00:13:20,940 --> 00:13:24,420 And he was really strong in defending Canadian values. 378 00:13:24,420 --> 00:13:27,100 Health care is a right, multiculturalism, 379 00:13:27,100 --> 00:13:29,740 respecting First Nations and the French language. 380 00:13:29,740 --> 00:13:32,420 And that line, America is not Canada, 381 00:13:32,420 --> 00:13:35,620 and Canada never, ever will be part of America in any way, 382 00:13:35,620 --> 00:13:36,580 shape, or form. 383 00:13:36,580 --> 00:13:37,580 That was powerful. 384 00:13:37,580 --> 00:13:38,540 Really powerful. 385 00:13:38,540 --> 00:13:41,380 It's a clear message that he's going to lead differently 386 00:13:41,380 --> 00:13:42,420 than Trump. 387 00:13:42,420 --> 00:13:45,060 And with all this momentum, plus what they're 388 00:13:45,060 --> 00:13:47,740 calling the Trump bump in Canadian politics, 389 00:13:47,740 --> 00:13:50,180 it seems like there will be an election soon, maybe even 390 00:13:50,180 --> 00:13:50,740 next month. 391 00:13:50,740 --> 00:13:51,340 Wow. 392 00:13:51,340 --> 00:13:53,380 It's going to be fascinating to see how this affects things 393 00:13:53,380 --> 00:13:55,140 between the US and Canada, especially 394 00:13:55,140 --> 00:13:56,300 on trade and economics. 395 00:13:56,300 --> 00:13:56,900 Absolutely. 396 00:13:56,900 --> 00:13:58,060 Oh, and one last thing. 397 00:13:58,060 --> 00:14:00,260 Electoral vote news included a comment 398 00:14:00,260 --> 00:14:03,300 from a reader in Germany about how Friedrich Merce changed 399 00:14:03,300 --> 00:14:06,100 his mind on the debt break after the election there. 400 00:14:06,100 --> 00:14:07,620 Just a reminder that big things are 401 00:14:07,620 --> 00:14:09,020 happening all over the world. 402 00:14:09,020 --> 00:14:11,020 So when you look at everything you sent us, 403 00:14:11,020 --> 00:14:13,740 it paints a pretty complex picture. 404 00:14:13,740 --> 00:14:17,260 There's the potential for real economic problems in the US, 405 00:14:17,260 --> 00:14:20,420 maybe even caused on purpose to lower interest rates. 406 00:14:20,420 --> 00:14:23,460 Then there's the political gridlock in Washington, 407 00:14:23,460 --> 00:14:26,980 always on the edge of another government shutdown. 408 00:14:26,980 --> 00:14:29,140 And the media is in turmoil, trying 409 00:14:29,140 --> 00:14:31,700 to figure out how to handle all the polarization. 410 00:14:31,700 --> 00:14:35,780 And now you have Canada, a new leader, a new direction, 411 00:14:35,780 --> 00:14:37,900 a clear contrast with the US. 412 00:14:37,900 --> 00:14:39,700 And remember, everything we talked about today, 413 00:14:39,700 --> 00:14:41,020 it's all based on what you sent. 414 00:14:41,020 --> 00:14:43,380 We tried to make sense of it all, see the connections, 415 00:14:43,380 --> 00:14:45,060 without drowning you in the details. 416 00:14:45,060 --> 00:14:46,100 Exactly. 417 00:14:46,100 --> 00:14:47,620 But it raises some big questions. 418 00:14:47,620 --> 00:14:48,900 Questions for you to think about. 419 00:14:48,900 --> 00:14:51,380 Like, with all these strategies and uncertainty, 420 00:14:51,380 --> 00:14:54,140 what's going to happen to the global economy in the long run? 421 00:14:54,140 --> 00:14:57,020 What's the role of a free press in a world where everyone's 422 00:14:57,020 --> 00:14:57,780 fighting? 423 00:14:57,780 --> 00:14:59,580 And what kind of leadership do we really need 424 00:14:59,580 --> 00:15:01,260 to navigate all of this? 425 00:15:01,260 --> 00:15:03,420 These are the big takeaways from this deep dive. 426 00:15:03,420 --> 00:15:05,180 And we hope you keep thinking about them. 427 00:15:05,180 --> 00:15:06,540 Because these aren't easy questions, 428 00:15:06,540 --> 00:15:07,660 and they affect all of us. 429 00:15:07,660 --> 00:15:08,260 That's for sure. 430 00:15:08,260 --> 00:15:09,780 Thanks for sending us these sources. 431 00:15:09,780 --> 00:15:12,420 It's always fascinating to explore these things together. 432 00:15:12,420 --> 00:15:13,460 Yeah, definitely. 433 00:15:13,460 --> 00:15:14,500 Thanks for having me. 434 00:15:14,500 --> 00:15:16,780 Until next time, keep those brains buzzing, 435 00:15:16,780 --> 00:15:17,900 and those questions coming. 436 00:15:17,900 --> 00:15:19,060 Thank you.