One Big Ponzi Scheme

00:01 It's Saturday, time once again for the highlight of the week for at least two people I know of. Coming to you from Gitmo Nation East from the United Kingdom in the affluent suburb of Surrey known as Guilford, I'm Adam Curry. And I'm here in Gitmo Nation West as we like to call it, actually Northern Silicon Valley, also San Francisco Bay Area, also California. I'm John C. Dvorak. Damn! Hey now, Omar! Hey, John. Hey! How you doing? I'm doing better than those guys who invested with that Ponzi scheme guy who's been apparently in business for 40 years. Isn't that fantastic? I love that story. And you know, it's like, yeah, this is the only guy, this is the only guy doing it. Please. Well, the only guy who's done it that long and managed to do it to the tune of $50 billion, this guy, if anyone hasn't followed this story, you should. Bernard Madoff.

00:57 He was the SEC chairman, wasn't he at one point? No, I think he was head of NASDAQ. Oh, NASDAQ, that's right, yeah. But he was notorious, a lot of people consider him the father of modern Wall Street. Yeah, well, my case in point. Yeah, there you have it, there it is, summarized. But if you talk to these guys in the business, This is essentially and I mentioned this on the blog This is almost the same thing as in terms of what a letdown this was this is kind of like people discovering that Mother Teresa was a hooker I Love that analogy Spot-on that's exactly right or that Obama was involved with Chicago mobsters. I mean that kind of stuff It could just set you off. You know really disappointed Really really disappoint you

01:45 So I'm look so while we're on that topic I mean anyway apparently everybody you know there's a bunch of people just to get it looks like they're gonna lose their shirt What happened though is the guy's conscience got the better of him and he gave himself up We're here's what we're here's what some people are thinking okay? They were closing in on him. Yeah, because he was getting too many redemptions because of the economic situation Explain red explain redemption how that works with a hedge fund because not everybody knows you have did not you're cashing out right? But it takes what you can't cash it. You can't just go up and say hey I want my money the there is a process involved in the use of you know you can if you have a Senate seat for sale and

02:26 So anyway, so you get your, you can only, if he doesn't, at some point he's essentially gonna run out of money because his old game was to nobody redeem because he always had these great returns so you kept accumulating more money which never really existed. Yeah, so let me just explain that part really quick. So he would take like, I'll just give, make it simple, a million dollars from someone and then he would return maybe two hundred thousand dollars profit at the end of the year but it wasn't actually because of his investments, it's because he got another two hundred people to join up and give him two hundred million. It's a Ponzi scheme. Ponzi scheme, right. So he's taking the new money and paying it off as if he was being successful.

03:01 By the way, let's, just as an aside here, before I go into the theory about this guy, I want to read you a paragraph from The Big Money, which was published in, it's from Slate Magazine. And I'm wondering, is there any editors or does this guy know what he's talking about? From Big Money, is that a column? What is that? It's a website called the Big Money. Let me just read this. This is Mark... I can't pronounce his name, G-M-A-N-E-R, G-I-M-E-I-N. But anyway, and this is the first graph. Bernard Madoff, one of Wall Street's best known brokers and money managers was arrested, blah, blah, blah. The whole thing was, as the criminal complaint quotes Madoff himself saying, basically a giant Ponzi scheme.

03:55 Then he didn't then he finishes the sentence with this in which investors who wanted their money back got paid with earlier Investors money no that would be later investors money. Yeah, I mean, that's a Ponzi scheme as you you know you pay with newer people coming in That's how it works. You don't pay with earlier investment. That's a no that that's a legitimate business Yeah, that's exactly that was how it'd be like an investment business right? So it's like oh Okay, so I'm starting off with the first paragraph of this analysis and this is what you define as a Ponzi scheme. I'm thinking, does he know or did you just make him? Does he know anything? Yeah, exactly. I think it may have been just kind of a stumble. Writers, you do something, but I thought to be an editor or somebody had picked this up, it'd been changed by now. Anyway, so this thinking goes as follows.

04:47 There was gonna, he was gonna, this thing was gonna collapse because of the economy right now and he couldn't possibly redeem, I think he had 17 billion. Yeah, because everyone wanted their money back and they were waiting so he knew there was no way he could do it. He couldn't get any more capital in to even pretend. So supposedly he told his two sons that it was a Ponzi scheme and he was gonna turn himself in in a week after he gave what little money was left to some of his employees who could use a Christmas bonus or something like that. Like a hundred million, he was gonna give his last hundred million to his employees and family. Yeah. So the two boys said, oh this is unbelievable and so they turned him in. Now, the thinking is of course is that the boys were in on it

05:31 potentially, allegedly, perhaps. And this whole thing was a gambit. To get them off the hook right he wasn't intending and giving anybody's any money whatsoever. I mean whatever money's been you know Squirreled away for people as a long since you know in Switzerland and so Perhaps the idea was to save you know his sons from getting caught up in what's gonna happen to getting nicked yeah? I mean it's gonna be jail for him for sure after what they did to Martha Stewart You watch You just watch. Yeah. Well, so yeah, that was front page of the Financial Times, obviously for this weekend, so everyone's all over that. You're right, it's a... You should pick up a copy of Barron's this weekend. I'm sure it's filled with all kinds of fun facts. That's kind of the national enquirer of the financial industry. Barron's magazine comes out on the weekend.

06:27 Fun facts. Fun facts. You got burned. Fun facts. Apparently a lot of endowments and a lot of hedge funds and I mean there's just apparently just endless the number of rich people in Palm Beach, Florida. Here's one for you, John. And we just got back from the terrace house, the new place. And we had spent some time with our new handyman. It's good if you can get one of those. This guy... Oh yeah, I've had a handyman. So you actually have a name for this place? The Terrace House? Curry Terrace is what it is. Okay. It's a terrace house. Are you familiar with the concept?

07:07 No. I mean, I've heard of it, I never thought much about it. Tell us what a terrace house is. Well, it's your very typical English house which stands in a row with other terrace houses and you step up like five or six steps to go into the front door. You can also go down to the left and around in the front that you can go into the basement level. And it's Victorian is what it is. Are the houses stuck next to each other? Yes, yes. No, it's one long row. Really big, so there may be like six in a row or something like that. And it's called a terrace house and we have the coveted end of terrace house. Which means you're on one end of it, so you only have neighbors on one side, which means you have a view.

07:50 Out of the front and out of the back. Well certainly out of the back. Anyway, so the handyman, he's been with this house for many many years, which is good. It's his house. Exactly. And he did the most recent remodeling with all the new plumbing and everything. So now he knows how everything works. He's got all the bugs. He knows where it is. So that's great. And he says something to me that I was like, really? And here it is on page 2, the inside, way at the bottom in fine, small, tiny print of the Financial Times. The United Kingdom has experienced its coldest start to winter in more than 30 years, experts said yesterday.

08:29 There you go, my friend. Global warming at its finest. Actually, I'm supposed to be up in Washington today, but I'm not because the coldest front ever to hit the state, predicted to be the coldest days ever in Washington state are today. And there's an ice storm on the East Coast? That's global warming for you. We're all going to die. And it's snowing in Houston, it was snowing in New Orleans. So of course that's why they spun it into climate change. But you know, very important and very relevant to this very moment Thursday and Friday in Europe, the ministers all got together and they had their big powwow and they've essentially built up the next phase of regulation that we'll have around finance and environment. They are now linked

09:22 with these carbon credits. I told you it was coming. I know you and these carbon credits. Everything is going to be linked to carbon credits. I'm all told, yeah, because carbon credits are a guilt-free version of tax. Yeah, exactly. And this is why you're paying taxes and you're supposed to feel good about it. Well, no, the analogy is paying a thin person monies so you don't have to go on a diet. You know, it's stupid. Because all that anyone ever talks about is, you know, the credits. You buy the credits, you buy the credits, but it doesn't actually reduce anything, because somewhere, someone has to produce less carbon emissions to fulfill the credit that you've purchased. So everyone's just buying the credits, that's what it's all about. And they've got it all tricked out, man, you know, Eastern... How come we're not doing this? How come we don't have some sort of a deal?

10:17 What, the US? No, you and me. A carbon deal? Well, why aren't we selling credits? I mean, I'm telling you, we should totally be doing this because these carbon credit exchanges are popping up everywhere. It reminds me a lot in the mid-90s of, at the time we had May East and May West, remember everyone was... I built a NOC. I built a NOC in Amsterdam for Christ's sake. It was the thing to do, to have an exchange of bandwidth. This is the next thing. You got to have an exchange of carbon credits. We can run it on an Excel spreadsheet. Google on a Google spreadsheet something like that and what kills me is I was on a website the other day says would you like to to buy carbon credits to visit this site or something so so while this is taking place this or it just took place this two-day meeting and

11:12 where they decide, okay, they're going to put 200 billion euros into the European economy, even though that's only half of what Germany has to put in and is failing with in its own country by itself. But then they have all these carbon credits, which is essentially about a 30 billion euro tax, which is going to be levied on corporations, new tax. And there are over 600 scientists who are preparing now to sue Al Gore over and the IPCC over their bogus climate check global warming report.

11:49 Which of course almost gets zero press anywhere, but 600 PhDs dude. I mean this is this is serious business well you know you know what the reason is is because I think They have been making this claim And you and you and I run into it all the time and people everything when we talk about on the show somebody right away you don't know the IPCC said this and that and why are you even making these assertions yeah, and I think a lot of people, a lot of scientists... Wait a minute, are you telling me that people in our audience actually use the word assertions? Well, not those particular people. I just want to make sure.

12:29 I very rarely use the word. I like it though. We should use that more often. Yes, we should. Anyway, so I think there's a lot of people out there who are probably either climatologists or they're experts in some way, shape, or form. And they have been put into the same sack because of this notion that everybody agrees Everybody agrees. The discussion is over. We have consensus. Everybody's more than consensus. Everybody, everybody, nobody disagrees with this. Not one single person. So you're a PhD who maybe has some thoughts on it and you have some other kinds of data and your friends come up to you at the cocktail party and they go on about putting you, pigeonholing you with this other side. But it's even worse. It's even worse if you do that as a PhD or a researcher, your research

13:21 funding gets pulled. That's why people are so quiet about it, because they're afraid that their money's going to go away. Well, the lawsuits, I think the more people should join the lawsuit. I'm sure there's more than 600 that are irked about this. In fact, there's about 30,000, I believe, but that's not all PhDs. These are just the PhDs. The Business and Media Institute, I have no idea who they are, but this is a story I just got. Oh, we'll get a note who they are. They're a bunch of right-wing nuts that don't believe in any of this stuff. Okay. Is that true? I don't know. No, I'm just going to tell you. That's what they were... That's what it has to be. What else could it be? Well, they have data. They have data. So I'm just going to presume the data is right for the sake of argument. The Business and Media Institute analyzed 205 network news stories about global warming or climate change between July 1st, 2007 and December 31st, 2007.

14:14 They found that only 20% of the stories even mentioned there were any alternative opinions to the so-called consensus on the issues. And this just goes on and on and on about how, you know, it's pretty much the media just jumped on and said, okay, we're all gonna die. Hey, roll some of those polar bear footage. Come on, let's get that out. That's good shit. If it bleeds, it leads. Exactly. So, uh... CBS was the worst. Uh, you know, say... 151 people used by the network to promote global warming hysteria and 28 people who even questioned it somewhat. I don't know about that. It's nuts. Questioned it somewhat. Well, you know, it could be bullshit. Yeah, yeah. And it's amazing what's taking place. Our financial system is going to be based on this lie.

15:16 Yeah, and granted hey, I'm all for saving the earth. I'm all for less pollution. No doubt about it. Let's do something about China. They're polluting California from a distance. Yeah You know, there's plenty we can do and should be doing, but this whole idea of buying credits so that you can continue to pollute, that somewhere someone down the line, like my children's children's children, will then apparently have to produce less. They're talking about a... Or plant a tree. Yeah, they're talking about a 20% reduction promised by all of the EU in carbon emissions. 20%! No good. No, that's good, it'll screw them.

15:56 As long as we don't get too involved. Unfortunately, we got a president now that's probably going to jump on this. Totally! No, totally. You're already involved, man. Well, you know, it wasn't going to do any good to get McCain. McCain was just on Letterman last night or the night before. Oh, really? Oh, shit. I didn't know that. It was, it was, he was just on the same bandwagon. It would have been the same thing with him. Well, because they're run by the same people, John. How often do I have to tell you that? Here we go. Okay, okay. Well, actually, this is funny. I think you blogged this. You blogged the Gideon and Rachman story in the Financial Times.

16:32 He's a columnist and he was talking about the possibility of a tongue-in-cheek article about the New World Order, etc. Oh right, that guy. Yeah, that guy. So there's a follow-up to that. He's like your pal. Don't you know him? No, no, no, no. You've got to read his follow-up that he posted on his blog. I'll just read you the conclusion. What happened is he says, I couldn't believe the amount of email that he got. from out there. He says, you know, hundreds of pieces of email. Here's his conclusions. There's an undeniable amount of anger and hatred out there directed at everything from the United Nations to big business to Barack Obama. These people can read but they cannot think, he says. So he's not my buddy, dude. It gets worse. The end of days crowd is very strong. I would say that about a third of the emails I got referred me to the book of Revelation.

17:28 in which apparently it is all foretold. Three, there's a lot of people who believe not only that global warming is a hoax, but that it is actually a conspiracy. The fact that the most influential reports on climate change have been produced by an intergovernmental panel, the IPCC, sponsored by the UN, fuels this theory. The idea is that the UN is perpetuating a climate change hoax to provide an excuse to impose a world government on America. I am a part of it, apparently, he says. Totally! Totally! Anyway, so he winds up, he does have a funny line at the end here. Something positive has come out of this experience. If the newspaper industry really goes down the pan, I now have a business plan. I will claim to be a former member of the Bilderberg Illuminati Council on Foreign Relations, UN Zionist establishment and write a book revealing the inside story of a plot to form a world government. It will sell millions. Funny. So sad though that it's actually true. That's the old Matador trick.

18:31 The old Matador trick? Yeah, yeah, you go in one direction and then you just... Oh, like you did with Mac a couple years ago. Did you do something with Mac? Yeah, I remember you did something like that, Matador trick. Matador trick. So, oh, okay, so he's not your friend, I can see. No, of course not! He's a stooge for the, whatever. The New World Order! Which, by the way, is, if you look at Time Magazine, In there it says Obama's New World Order. No, I haven't seen that. It's phenomenal, dude. Well, you know, the problem is there's too many people in the United States that cling to their religion and guns to the point that they're not going to put up with this. So good for them. Yes. Keep keep clinging. I got nothing against at least, you know, they'll shoot the New World Order

19:27 first and ask questions later. I hope so. Hey, by the way, so we have a guy who gave us a his use of his girlfriend's wife. Oh, sling. Oh, yeah. Yeah. I've been checking it out of you. Yeah. Yeah. Yeah. And there's the Canadian channels are on there. And then, you know, there's local news in Detroit. And it's actually kind of interesting because it's like a whole, you know, and then, you know, I was thinking about that. I'm going to probably write a column on this for Market Watch. You know, the EchoStar bought Slingbox. Oh yeah, I did know that. They were going to integrate it, weren't they? Well, I don't know if they're going to integrate it or not, but it gets them around a certain problem that I was saying, why would they buy this and what's it got to do with anything? And then I realized that one of the things that I believe that irks

20:18 Both DirecTV and the Dish Network folks is the fact that if I'm here in the San Francisco Bay Area, I use the Dish Network by the way, I'm very happy with it. But one of the things I can't do is I can't sit here in the San Francisco Bay Area and watch the local news In Seattle where I have a house right in the area right because of some that guess is some Copyright region laws all kinds of syndication, right? It's impossible to figure it out right it's impossible to figure it out and

20:55 In fact, there's even something called Most Favored Nations, which has got nothing to do with broadcasting, but it's in there for means that you can't do this and that. It really has to do with, you know, when television series are released in which countries. I mean, it's a marketing problem. So I can't get this thing, and I'm sure that I'm not one of the only people that say, why can't I get my Seattle? Yeah, would you like local channels on your Dish network because you can get local channels. and uh... i'd just go over the air so i don't bother with it but if i was a little chances and i think local channels i'd like to get the seattle channels on down now can do that because we can see as the law

21:36 Now, so they buy Slingbox, but I'm sure they're not happy about it. They'd love to sell me. Wouldn't you? I mean, if you're running a business and you got some sucker, me, that says, hey, I want to get local channels in New York, Los Angeles, New Orleans. You sell them a Slingbox and a Slingcatcher, right? I mean, I would like to get these local channels on the Dish network over the satellite, and I know they have them, but they can't sell them to me. So there's money they're losing. So now you got this, well here's your solution. You get a sling box and you put it up if you got two houses, you put one in the other house and you can watch your local channels that way. And you can, and it works really well. So we're watching Detroit. Yeah, and I've been, of course I've been watching more than just, by the way, astonishingly, it works astonishingly well. Yeah, and only requires 384.

22:26 Yeah, and and you know it takes a second or two for for to optimize the stream so actually switching through the channels is just like IPTV It's a it's a huge problem because it takes a while. It doesn't take that long maybe for you. Yeah, but anyway Yeah, well dude. I have got 26 megabits of bandwidth coming at the new place. Oh yeah I'm like I'm go. I want everything I got virgin media. I got what do you gonna pay for that I? uh... the total bit so i got the the bt full-on excel package with i'd said give me everything in your obviously phone service but give me your uh... uh... your your today of the bt vision which is there are a lot there i do it was really truly is i p t v uh... i got that said doesn't work to go ahead yeah i i i i didn't

23:20 It's not fair. It works in the UK, but it's on BT's network. It's not running across the internet. Yeah, well IPTV doesn't require running across the internet. But if you want to see... Internet protocol. Yeah, but if you want to see... Alright, I don't want to get into this discussion again, okay? Yeah. I have IPTV now coming. And that is... It's not that bad. I think with the full-on package, it's like 28 pounds a month. What? Yeah, it's not too bad. That's 26 megabits? No, no, no, that's 6 megabits. Then on top of that I got Virgin Media who have fiber optic cable running right up to the house. Of course you don't actually get fiber in your hand but then they convert it. Okay, close enough. Yeah, exactly. So that's 20 megabits.

24:11 How much does that cost? That is also... I didn't get the phone service and of course that's cable TV at the same time so there's packages in there with movies and all that shit. That's probably about $48 a month but that's going to be the main television package that has a whole bunch of... That's a steal! Of course it's... well that's the way it should be. And we're in a metropolis now so you shouldn't be paying crazy amounts for bandwidth. We'll see if that's how the connection is. And in both cases I said, and they say, you have unlimited download. I said, okay, unlimited means as much as I can eat, right? No asterisks, no, no, unlimited. Okay. Said, how about upload? You have unlimited. I said, unlimited upload. And I said, I'm recording this because you're recording the conversation as well.

25:06 which they tell you up front. I said, I'm just gonna ask you one more time. I have unlimited upload and download capacity. Is anything you want to do, sir, unlimited? Okay. And I'm sure I'm gonna have to use that recording sometime in the next six months. When you're cut off. We'll see. We'll see. Well, good. That's good. I like that. I think everyone out there should document The BS, because you know that when it comes down to it, it's not in writing, you haven't got a recording, that you announced that you were recording it, which is not illegal. No, well they announced that recording me? Yeah. And so you can record them, and so the whole thing now, you can give that to a magistrate. Yes.

25:51 And my solicitor will go to the magistrate and bingo. And then what? You won't get your connection back. I'll never get a connection. Dude, the other day... Now of course, I'm so not used to it. This was southwest London. This is a nice neighborhood. And so you've got parking for residents with parking permit only, which I haven't gotten yet because I have to show a bill or something or whatever. It's just a pain in the ass. I haven't done it yet. And so I park off to the side and there's maximum four-hour parking, whatever. So I throw whatever money in there. And I come back and it's like 20 minutes overdue. They have a hand gripper almost on my car, John.

26:35 You know, like they park a truck next to it and then... A Boston boot? Is that what it's called? Or is it just called a tow truck? No, no. It's like one of those machines you see at the carnival where you put the money in, you steer it, and then it grabs something and then shakes it and then you never get the prize. What's the purpose? So they actually... they don't... they pick your car up out of its spot in the air and then put it on the truck. Oh, you're gonna get towed away. Not towed away, this is what I'm trying to say. It's a big arm and it comes down on top of the car and picks it up and puts it on the truck. I'm sure there's a name for it. Yeah, it's outrageous.

27:19 After after 20 minutes they were already there with the with the with the hook. Oh, they must have cameras or they have cameras everywhere in England They have 37 37 cameras. I looked it up on the website 37 cameras dedicated specifically to Your block parking control. Yeah my block all pointed at my window No, it just turns out that these cameras are pointed at the meters. I'll make it even better. We have an alert, a meter, one minute overdue on John Street. So we had a delivery come from Holland early on Tuesday. Patricia had bought some stuff there and she had one of our moving companies we work with before. Yeah, just when you guys coming over next trip bring that shit for us. Okay.

28:08 So, you know, they roll up, they double park to open up the truck, you know, and it's a square, alright? It's not a throughway, you can drive past on either side, it's a square. And so they're loading stuff out and the traffic warden comes over and, you know, what they always do, they take a picture, right, for proof, a digital picture so they have your license plate and the situation at hand, and they write out a ticket for him. And Patricia goes out, and Patricia's great at this, and she's immediately, she's like, I'm gonna make friends with this guy. And she's talking, and she says, so, they're just stopping to unload some stuff. Yeah, he says, but you're not allowed to do that. He said, well, what is the procedure? Because we have other trucks coming, we're moving, what is the procedure? He said, I don't know. He literally could not tell you what to do. He said, I'm not allowed to stand there with your truck. I have no idea how you can get a permit to stand there.

29:05 How do you move from house to house in that city? Thank you, thank you. Yeah, it's crazy. However, you will love it and you've got to come over in the new year. Because obviously to test out the AGA oven. But we have in our neighborhood within like three minutes walking distance we have an independent wine store. Which I'm excited about. Because I need some advice from you. You need to ask me if they have X, Y, or Z and I'll go see if they're any good. They look really slick. Did you ever go to Barry Brothers and Rudd and get me those glass bottles? No, no, no, no. Dude, I don't even have time to scratch my ass. But we also have an Italian...

29:54 It's kind of like an Italian butcher slash deli. Oh, and oh man, it's just they've got fruits and vegetable and unbelievable assortment of meats. It's just it looks so good and inviting and so non big box. Sounds French. No, it's Italian. I mean in style. You know, they have all these little stores. I mean, you know, they subsidize, you know, they make, they don't let big stores crop up everywhere. Oh, no, no. They got plenty of, well, this is London, you know, you walk 10 minutes and there's a Starbucks anywhere and there's Tesco's and there's all kinds of stuff on, as usual. So what's the third one? You said there were three. I thought, no, I said there were three. I thought so. There were, no, the AGA. Oh, right. The AGA, the wine store. Yeah, the wine store looks really happening, man.

30:52 It's called Wines of the World. Well go in there with your camera, well I don't know. Send me an email with a couple things I should go look for. I don't want to go taking pictures like that, not until I know. Well you could also just stream. That's all about geeky. Hey John, you home? Yeah, dude, cool man. Take a look at my stream, my quick man. I got my quick cam running. It's really cool, dude. Check out my wine store. Yeah, you're right. Get that, get that. People always are sending me email asking us to to put this on video and I like what is the appeal? And and and there's always you know when you're in San Francisco together, how come you don't do the show together? Well because they would suck it has to be yeah, I can't look at you when we're doing this no cuz I'm always mugging I

31:44 or rolling my eyes. It doesn't work. So, uh... Oh, here we go. You know, I get more eyeball exercise. My prescription is going closer and closer to 2020 because of the eyeball exercises I get when talking to Adam Curry. AMEE, A-M-E, a London-based startup with an API which has the grand aim of measuring the world's energy consumption and therefore carbon footprint. has secured an undisclosed series A financing from O'Reilly Alpha Tech Ventures, Union Square Ventures and UK based Angel the Accelerator Group. There's your carbon trading company. Why can't we structure one of these deals? Because it's actual work and we're lazy bastards. That would be the basic problem we have. We don't actually want to do any of the work.

32:37 Like our t-shirts. Let's mention the t-shirts early today. Get out of the way. You know, noagenda.angryshirts.com. Please buy a t-shirt to support this show. We're only going to do these for one shot and then we're going to go to a different design. So you get them where you can. The guy's moaning, we're not selling enough t-shirts. Did he sell any? Did anything move out the door? Yeah, he sold a few, but hardly enough to pay for the cost of admission. It's noagenda.angryshirts.com. Now here's one of the problems. I got two notes from people saying, well, it costs too much to ship them to Europe. And yeah, it costs too much to ship them. Do you love this show or not? I mean, what is that about? Well, they don't think it's worth paying $25 total to get a t-shirt. Apparently they don't. But what we need is like, we need a vendor in Europe that can, you know, ship. Yeah, right on. Or in England at least or something. Yeah, right on. There must be somebody there. And I still think that we can do even better designs. I mean, I like what the Angry Shirts guy did, but you know, there could be more. Actually, I did that.

33:37 Really okay, well in that case dude it's a So we could see what the mechanism is gonna look like so we'll do some fancy shirts. Hey is dazzle dazzle I've been asked to do something with zazzle. Yeah, how's their stuff? Is that any good? It's very it's just the same as as uh... is similar to cafe press was a it's not really a silk screen sure it's a sticker like a press on ok yeah i think you want to stick with silk screen cuz i can make an amani on and uh... you know this is just a kid as the whole thing last time he was so i was looking at this i was right when it was digging around i ran this weird article about how girls are dominating the internet with uh... some interesting numbers a few research people did this in this came out in january

34:32 uh... i think i heard about this thirty two percent of the twelve to seventeen girls started a website as opposed to twenty seven percent of adult of boys and fourteen percent of adults So I'm looking at all this data, and I'm thinking at the same time there's a scandalous story that came out last week that saying these kids are taking nude pictures of each other and Swapping them over the phones you know because the phones you can send a photo from what your phone to my phone or whatever Yeah, it's called multi multimedia messaging. It's been around for 10 years Right, but it's never been a convenient or cheap in Europe has been used quite a lot. Oh

35:13 So, uh, I never use it. I do it all the time. Um... I mean, I do a lot of SMS. I mean, I do a lot of typing on that little E71, which is, uh... I like to, you know, I was looking at the specs on that phone, I didn't realize it had an FM radio in it. Yeah, you just stick your headphones in and it works. Unbelievable, which is something by the way, it's got it's got it's got GSM radios. It's got That you know, it's got Bluetooth Wi-Fi Wi-Fi it's got a receiver for this G the satellite What you know what yeah GPS? Light receiver, you know the thing that bothers me is that and I've never I understand why you know they say you got to plug your headphones in because then the headphones become the antenna But I've always that's always been a bummer to me because I like listening to the radio from time to time But I want to use my Bluetooth headset. I don't want to have to plug in wires. That's the whole point That's the problem with FM. Yeah, if it was an AM tuner you could probably get away with it right and

36:16 But who wants to have them right has to have some length. Yeah, I heard you talking about it on twit You are that show by the way when you're on that show. It's really good Well, it's actually when I'm on when I'm at Leo's studio That was yeah that really made a big difference and I'll tell you why it's because you know unlike you and me Leo and I have worked together in radio for so long that we you know that it we actually can cue off each other and make a radio show, you know kind of like an old-fashioned way and and so the timing is changes a lot and uh... and there's other people also the timing is important in the early even notice that he says you know it's just because you did just to doing stuff over skype has its moments but you know if you're right in in studio with especially some of you who have worked a lot with on the air it makes a difference here at the time and it's very difficult because we're always struggling with the timing of the delay and that you uh... the automatically have on skype yes inherent

37:17 Now, I was using those Countryman headphones and you told me that they sounded like crap or something. No, no, no, no, no, no, no, because I heard it and I didn't even know you were in the studio because I only, I didn't watch the live feed and I immediately I heard the difference. I knew you were using something different then of course I heard that you were in the studio and then you sent me a text message so I figured you're using the Countryman and it sounds good but the S's are a little bit slissy, a little slushy. Huh? Yeah, go listen to it again. Maybe it's just because of the mp3 transcode, but of course you know that's the same result It sounded a little slushy just just the s's but I'll check it out Don't know he bought an army would now be for anyone out there listening where we've only done this a million times We talked about these mics because we were both looking for mics, but the countryman which is used in churches and

38:09 That was the he bought the omni directional and everybody who sent me a note says you buy the unit directional Maybe that'll make it yours, but now here's one my promise I've used these before and I realize they go around the ear. That's my question Is there an earpiece on that as well? No, okay good It goes around the outside of the ear like a pair of glasses and then it hangs there and you bend it around until it's just you know, fish near your mouth, but not quite yeah, I The thing is always flopping around. I can't get it to be tight. I'm wondering whether it's even usable for me because it just doesn't fit around my ear right? I find the thing to you know, and then if you move your head a little bit the thing goes out of whack and it's laying against your skin. Well, do you use headphones?

38:48 You don't use headphones, do you? No. Okay, because the headphones of course will squeeze it on. Or we could use gaffer tape on your head. Just like a big slab of grey gaffer tape right there just sticking it in place. It's usually black. So, uh... I have the grey. The, uh, well that's called duct tape I think. Oh, you're right. Okay, okay, yes. That's called duct tape. Gaffer tape is black. You're right. uh... gaffers gaffer and uh... i hate to keep correcting it just makes me feel that you're just a dick like that so uh... by the way they have clear duct tape now oh but no gray? no they have the gray the silver duct tape that's the classic that's what i'm saying and you call it the uh... i call that gaffer tape no i'm just saying they have clear it's just it's weird but there's a clear duct tape out there maybe we can put some of the clear across your lips across the front that would be good

39:43 So anyway, so the idea is that when you use countrymen, it's like you're supposed to be on stage. A lot of singers use them and a lot of preachers use them. A friend of mine wants to do stand-up comedy with one of you. You put the countryman on your face and then you have the radio in the back, but you're not gonna be wearing headphones. So these things are supposed to fit without a pair of headphones crimping them on. So I'm wondering whether, you know, maybe my ears... I don't know, I don't think my ear is any weirder than anybody else's, but I don't know. I'm having second thoughts about... They're so expensive, these countrymen mics, that I'm having second thoughts about using one. Really? What do they cost? Because I want something for when I travel. Yeah. What do they cost? You know, it'd be... It costs about 400 bucks. Ah, so that's pretty steep.

40:28 But they're great, but you know, but it's for traveling, I mean I could throw it in the suitcases, they weigh nothing. So I don't have to, you know, when you travel nowadays, you wanna travel light and you don't wanna check luggage. And so I, you know, rather than carrying around a big clunky microphone or something like I did last time when I went to Portugal. I don't have someone with that. Too much, you know to agonizing so what else is going on in in your neck of the woods, right John? Ron why do I say that from time to time? That's not good. Yeah. No, it means your means you're lost. It means you're losing interest in the conversation, correct? Yeah, there you go. We figured it out. What if I start calling you Ron? What's your name

41:13 Whenever I start calling you Ron, you know that I'm losing interest. Yeah, well, I just I'm just good Yeah, well, I suppose you are because you're not gonna get the countrymen So I'm not I'm very happy with with my with my new discovery with the love microphone. It's fantastic. You're using it's the Lectro UHF um 110 and I've had these for seven years and I carry them with me everywhere in just in case they want I need a good sound recording because it's a lot of microphone but you know I just I just hooked it right on my windscreen here and it works fine people love the sound so why am I gonna argue are you talking directly into it yeah

41:51 Yeah, I don't have to. But you have a windscreen in front of it. It has its own little windscreen on it. So I've clipped it literally onto the windscreen which is still hanging in front of the Heil microphone as we discussed earlier because I like the idea of a microphone. I can't get into this. Wait a minute, hold on a second. Let me just try to visualize what you're just describing. Alright, here it comes. I have a mic stand and a boom. And then I have on the end of that, I have a Heil, you know, the Pro 40, right, the Pro 40 in its, you know, that cool professional looking wire hanger thing.

42:28 You know what I mean? It looks like a cat's cradle. Yeah, a cat's cradle. Right. And then I have a windscreen in front of that. Now the windscreen previously was turned the other way around and my joint burned a hole in one side of it. So I've flipped it around and I put the... so I could just kind of squeeze the microphone, the lav, in between the two screens. And I fold it down in front of the mic and so now it feels like I'm talking into a real microphone. But you actually have a lot of a layer mic hanging there by its wire. It's between its clip green and the real microphone Yes, it's clipped onto the windscreen. Yes, could you turn on your speakers just a little bit for me John? Oh sure because when I get excited I hear myself. Yeah, well, I think you do that anyway, so now That sounds pretty cockamamie

43:23 Well, what else? I mean, what am I gonna do with it? Like, uh, tape it onto my forehead? Or, you know, or hold it with a pencil? You know, it's gotta be hanging somehow. Yeah, no, I mean, it's just like having a Ferrari pulled by a donkey, sounds like to me. Well, this was an expensive set. This was like 700 bucks. This is a real set. For the lavalier? Yeah. And it's with Rick, and so I literally have... It's a good sounding mic. Thank you. But I thought you'd have it... Look to yourself to maybe some wireless and you'd be walking around the house I can't but then I can't just that I couldn't hear you because I don't have the the return wireless So I guess I could put on put Bluetooth Bluetooth headset on here something but anyway It's people have commented that you sound better on this lava lyrid than you do on the PR 40. Yeah, you see I think you I think maybe because you're so naturally Basie and

44:14 that You don't need a lot of You don't need to overdo it because the PR 40 I think emphasizes the low end yeah, and it becomes a little wooly on my voice, but anyway Yeah, you know what you need is a notch filter a notch filter. Yeah, what's that? You want to, there's a thing that notches, you have, one of the sound guys I used to work with explained it to me. That most people have a little, which is called mud, down at the low end of their voice and you notch it out. And I think the notch you want to notch is from 200 to 400 hertz.

44:53 You just want to take that out and you just notch it out with a notch filter and then you get it cleans up your it makes you much more You understand you know you're just more crystal clear I do filter my microphone, and I and I have taken some of that out, but not you know It's just an EQ. I don't call it a notch filter Yeah, but notching is better because then you pull it where the exact frequencies and you're gone. They're never they don't come through at all It's not like they're they're rolled off or anything that like any you know the equalizer all he kind of turns things into a curve and pushes it down, but it's still there. I'm looking in my In my sound filters. I don't see anything called a notch filter though

45:35 I'm sure you can get one. I mean, I'm kind of torn because of the new place. I want to go really minimalistic. So all I want is one 19 inch rack. I don't have all this 19 inch gear, but not in a rack. So I'm going to, you know, there's like five or six things I just want, you know, great compressors and things. I'm not using them now. And then I want really just, you know, it's my laptop, I've got my Faderfox MIDI controller, you know, a microphone and that's it. And no more wires, you know, just get rid of all this shit. Well, you need a wire hook to the lab. Here's what I would recommend visually for the minimalistic studio that you're looking for. Get yourself a mannequin, like a good-looking one, and have her seated in a chair in the middle of the room, which has to be stark bare.

46:22 And she's got nothing on. And then the mannequin is holding a fishing reel, rod, rod and reel, and out of the, at the end of the reel is the wire hanging down with the lav at the bottom. And you have just a folding chair that you sit in front of the lav at the end of the reel and you just talk into it. That would be cool. Yeah, people don't know but you know John sits in a lot of programming meetings at MeVeo and whenever whenever there's a brainstorming session John always resorts to yeah let's do auditions with hookers it's always the same with you. Hey yeah let's do I got an idea a show with hookers it's always hookers with you. Never.

47:10 No, the thing is, is that to lighten up any meeting, and I recommend this to anybody out there who has the balls to do it. To lighten up any meeting, and some of these meetings are pretty dull, you have to use the word hookers because it's funny. And it always gets a big laugh, you have to admit. It brings the house to its knees. It does, it does. But then it was only like 10 minutes after that you text me and said, hey, call me so I can leave this meeting. Which of course I dutifully did. Yeah, yeah, yeah. Thanks for mentioning that. I just want to make sure everyone knows how evil we are. Luckily nobody in that meeting will be listening to this show.

47:50 probably we have one fan at the at the company which is andrew of grumman yeah andrew grumman listens to everything well it does this is the stuff that will this is why andrew started in your unsung hero by the way of the podcast movement in in my opinion andrew grumman because he really was the team leader and uh... and the catalyst behind uh... i part of the lemon which later became juiced and uh... juice and uh... and he and he's got into it because he'd be like you like the whole idea of the programming so he wanted to essentially build the receiver side and uh... you know you have to be uh... hey andrew shot out yeah will come up to you anything is always listening to the cities shows with uh... timely manner not like you know i was like an upside you know i listen and no agenda show from five months ago and you know you guys said about the other guy who was talking about

48:50 You and I don't remember what we were talking about five minutes ago. So, um, that's true. That's how you do it. So what else is going on in the news over there? Now you said the weather was cold. Oh yeah, it's, well as I said, it's been, it's the coldest since 1976. We already went through that. Um, flooding today, massive flooding. The rains are, you know, the heavens have opened up. Flooding? Yeah, flooding. And the country's not, not equipped for this kind of weather, for the global warming. uh... so you know the minute really starts to rain they get massive flooding and people are stuck on motorways for hours on end it's a every time i've been in in london was to really has a big rainstorm like that did the tubes flood you know the subways you can get around town because the subway line such and such baker's yeah i have ever learned to make a little and yet everything's everything's crippled arts and it's a mess

49:45 But I gotta say, John, it is romantic and fun, the city. I'm excited about the move, I really am. Just a walker, you know, the city in general I like. Just a city to be able to walk and get places and get stuff quickly. Not drive and park. Yeah. After your car's towed away for the umpteenth time. Well, I'm getting rid of all the car. I don't need the car anymore. I'm getting rid of it. Don't want it. So you're not gonna have any vehicle? Yeah, I want just my daughter's Twingo. Because we bought that we just bought that one is it's brand new. What would you keep it? You don't have a garage? No, you have a no the garage is converted to the teenager apartment cleverly So I just keep it on the street right out front. I don't care. Yeah, but you need a permit You get a resident permit. Okay. Yeah, yeah, it's not free. Yeah, this is their part. Yes. There's always parking Yeah, always parking in our neighborhood. Oh, yeah, it's beautiful Check it out

50:50 Let me see. Actually I was reading a BBC article here about Obama. Robert Gates, who is of course the defense secretary or the US equivalent of the minister of defense in the United States, who's been that ever since Donald Rumsfeld resigned. So he's the guy mainly responsible for the surge. And of course he's staying on for the Obama administration. Gee, that's some change. He says, uh, the new president's security team is ready to defend U.S. national interests from the moment he takes office next month. Mr. Gates, who is staying in his post, said Middle East and Gulf security would remain a key issue for the U.S. And he said,

51:37 He's warning foes of America of testing Obama. This is a throwback to the infamous Biden Yeah, yeah, I mean tested and you're not gonna like what he does. Yeah, so the guy is saying Anyone who thought that the upcoming months might present opportunities to test the new administration would be sorely mistaken if Dude, them's fighting words. Sorely mistaken. That's what he said, it's a quote. You will be sorely mistaken. That's what my parents used to say, you know, if you don't come in by 8 o'clock, you'll be sorely mistaken. If those street lights are on and your ass isn't in this house, Adam Clark Curry. Yeah, that's kind of freaky.

52:25 You think he knows? I don't know. I guess they're gonna, you know, they're expecting something. Precisely. I mean, they must know. I don't know why they just don't tell the public what they know. They know something because, you know, I mean, a lot of times I think they, when they reveal, I mean, every once in a while they say, well, there's going to be a terrible thing happening, you know, and it's going to go down this way. It usually thwarts the plot. But they'd rather, they'd rather see these plots unfold, you know, at the risk of public, you know, death. And, uh, I don't know why. Well, I think there's a number of things. One is, first of all, a lot of them are just idiots. You know, it's not like you need a degree to become a politician. So they just don't know any better. You know, there are actual senators who think that the U.S. dollar is still backed by gold. I mean, this is how dumb some of these people are. You can't say all of them are, because they're not, clearly.

53:16 So A. they just don't know. B. they're under severe threat. The whole financial bailout, the Economic Stability Act. Paulson literally went to the Senate and the Congress and said, hey, if we don't pass this, it's all going to come crashing down. We're going to have martial law in the United States. That's what he was telling. He was threatening them almost. So they don't know. They're like, okay. So they don't know. And you know me, I'm pretty sure it's all planned. So let's get back to this sling box. When are you going to hook yours up? When we get in the new place. And what's it? By the way, I should have mine hooked up. I have realized I'm going to give you a virgin. You're going to have virgin cable.

54:07 Which is stacked. Every channel you can imagine. But will I be able to access it? Because... Yes, yeah, I'll have my own private cable box. No, no, I'm saying because I was noticing I downloaded the newest software from Sling and they said, well, you know, it's only good in the US. You can't use it even though... Did you download the same stuff? Oh? No, I have a Sling box here. So I used my Sling box, my UK software, to look at the... at the Detroit one. Oh, okay. It wasn't a problem. No. You'll be able to look at my box easy. Well, do you have a box yet? Yeah, I know I've got two. I'm going to put one on the... Well, send me your ID, man. Well, I haven't hooked it up. I'm going to hook it up. What I realized is that I have a Comcast, my internet connection is Comcast, but to get the deal I got for the high speed, I also had to get the cable.

54:59 But I don't use the cable because I use the DISH network. What would I use, you know, the cable for? And so, but I realized I can just hook the Slingbox onto the cable directly. So listen, you got the software right there? You have the software on this? Yeah. It's on. No, it's not on this machine. It's on another machine. OK, because because I have a Slingbox here. Is it working? Yeah, that's right here. There's my number. There's my ID. OK. Yeah, you can try it out. Your ID is PING? I don't think so. No, it would be the what came right after that. Oh Okay, well, I'll give it a shot later but anyway, the point is I'm just gonna hook this sling box onto this kick Comcast cable and you'll be just dedicated just like yours Yeah to be looked at when you feel like yeah, exactly Yeah, so I was looking at my I do have a bandwidth meter on because you can only with Comcast you can oh And I'm using Comcast. You know, you have an upload limit. I

55:58 Not that I know of, there's a 250 gigabyte monthly limit. And I've been monitoring it to see, because they never tell you how much you use. So for people out there who want to know, I mean general usage of just general internet surfing and doing stuff like this once in a while and these other things amounts to about, you know, usually about a half a gigabyte a day. which gives you a lot of leeway if you have 250 a month to play with. When I was hitting the sling box a lot in Detroit, I ended up pushing about two gigabytes a day.

56:43 So that's what I'm thinking, is probably what you're gonna spend, which is about 60 to maybe you can push it to 100 gigabytes a month, maybe, if you were doing a lot of, you know, fooling around other than just simple surfing. So it seems like they still give you a lot of headroom. Well, I have unlimited. You know, but dude, I'm not worried I have unlimited Yeah fine well I have to be because when you attack hit my sling box and you just happen to leave it on all night cuz you don't care I want unlimited I Don't care. Hey, dude. Let's just talk for one second about Black black go Jevich, whatever his name is the governor from Illinois

57:32 Yeah, I can't pronounce his name either. Blagojevich, I think it is. Blagojevich. I mean, is it just me or does anyone see this as like a sign? Does anyone get that, you know, this is the nest where Obama comes from? Well, you know, somebody pointed this out interestingly enough. No one's talking about that. Wait, wait, it seemed, you know, they said they believe that Obama rose so quickly in Chicago politics that he never really became that much of the machine. And in fact, when he was talking about the overheard conversations with the FBI where they were calling him and, you know, cussing about him.

58:15 Because he wasn't gonna play ball, right? Obama gave up I don't know if you saw it But when he came out and when you saw him giving his talk about well You know these guys I got nothing to do with it and you can tell by the conversations I didn't he had a real smug look on his face like yeah. Yeah, I mean didn't catch me You can't touch me on this one. This is nothing. Yeah, but it's just amazing you know just just to read some of the transcripts of And with this guy and his wife too, who looks like a real bitch. You know, ugh. It's just...

58:52 Well, I mean, it's kind of bad, you know, Jesse Jackson Jr., I guess, got caught up in it most recently because somebody, I guess, wanted to collect a million dollars to get him the job. And I've met him. He's really a nice guy. You know, maybe, I don't know what part of the machine he is, but he sure got screwed in this deal. He'll never get anything like that now. Now he's under the cloud of suspicion, even though he probably had nothing to do with it. But the whole fact that that's literally how this shit is done. You know that's the way it goes. These seats are traded that way. That's not the way government works. So that is almost proof that fascism is rampant in the US political system. Because it's corporatism interwoven with government. Done. Yeah, it's corporatism for sure. End of. I don't know. So what's your point? My point is that everyone's like, oh well, okay.

59:50 Yeah, well that's because we're getting jaded. I mean, they're going to hound this guy. It's interesting that you have the collapse of that $50 billion Ponzi scheme guy, and then you have this happen at about the same time. And it's like, what should we be talking about? Obama's in the mix somehow. It's just a lot of bad news. It seems like one thing after another. We have someone at the office to go unnamed who is a massive, massive Obama supporter. We know who that is. Well, you do. And at a recent company meeting she was talking about how excited she was. Were you there? Were you at the all-hands meeting? Yeah. She was so excited because she has front row seats to the inauguration. She's a huge fan.

1:00:43 She's gonna be so disappointed. I feel so bad for her. You mean she's gonna be disappointed in two or three years from now? Six months from now, dude. Two or three years. Please. I would say, and I'll put this down as a gentleman's bet. Six months from now, she's not gonna be disappointed and Obama's gonna look like the greatest thing since sliced bread. Okay, I'll take that one. You got it. Well, okay, but hold on a second. Will it be because she's been hypnotized into believing that... No, no, because a lot of, you know, it would be a very positive time.

1:01:26 In general, you think it's going to be so we will not be at war Well, I'm not saying that we're at war now, and I don't think he's gonna pull out although he could I think I've just no no it's through six months out I'm gonna make this assertion at six months from now Things are gonna be really is gonna be everyone's gonna be very happy with Obama. Okay. He's gonna have a high rating and all this rest of it Okay, well that you got that bed my friend No, man. Well, you don't think so? No, of course not. First of all, 20,000 troops are going to go to Afghanistan. We're going to have a whole bunch of crap going down in Pakistan. India's going to be on our side. There's going to be... The question is how well it will be reported if you even know what's happening. I believe that we're really going to be in some kind of quagmire with

1:02:14 This EU regulation both because you know that you can you can maybe the US could separate on Climate and say okay. We want to do climate this way or that way you know Bush declined to Ratify the Kyoto Protocol, but when it comes to economics and now that they're intertwined I don't think the US can get away with not being a part of the whole carbon credit scheme and That is going to affect us. It really will or the u.s. It will it will severely affect that I don't think it's gonna be a happy time in six months from now no no We'll go over it in six months. What would that date be do we have it? June let's make it June 30th June 30th, okay, that's good when I'm bringing you food

1:03:02 We have a deli. Yeah, that's true. You got plenty of pepper. We have a deli and it has a lot of cured meat. Cured meats. So you could go on Letterman and actually know your cuts of meat. I could. Yeah. I'm one of the few. So, uh... So I brought back from Portugal a very strange piece of meat, cured meat. In Portugal they make this sausage, which is generically in the United States called linguiça. And all the linguiça providers around here, and I told the story when I was over there, by the way, and everyone was kind of interested in the story. When I was a kid, I lived most of my childhood youth in Newark, California.

1:03:51 And Newark, California was a, I didn't realize it at the time, I'm looking back on it now, obviously, was kind of a settlement at one point for the Portuguese expats from the 30s or 40s or something. And so the town was mostly Portuguese. Everyone was named Freitas or silver silver bogus and there's a bunch of different people. Bogus? B-O-G-A-S bogus. Bogus. And anyway, there's all these port... and they're all Portuguese. And so one of the things that it was... I was raised because they used to have these events on Saturday where dances and whatever at this big hall. Then when they would cook outside, they would cook the sausage which was this exact linguiça sausage.

1:04:37 And instead of hot dogs, I ate these things. And there's about six factories, maybe as many as 20 at one time in the area that made this sausage, this linguisa. Over the years, I lost favor, it was too expensive. And it also is difficult to make because part of the process has to be a kind of a wine-cured meat that's in the sausage. And so anyway, these places became less and less. And there was one left in San Leandro that was the best called Santos. And Santos made a true, one of the great, it was the last great California linguisa. But because of the process for making it, which goes back in time, it was illegal to do the process by health department standards. What was so illegal about it? I don't know. Not enough melamine? I'd have to go back and find the records, but I think it had to do with the curing or leaving the meat out. You need to put more melamine in it.

1:05:35 Right. Yeah, that would be okay. Anyway, so... So the guy kept getting harassed by the health department and one day he flipped out and killed two of them excellent That's what everybody in Portugal thought Excellent. Yeah, of course People are crazy so they drew the guy in jail as a murderer and Then he bad time like a year or two ago, and I never got the recipe oh Shit now that really sucks Well, then when I go to Portugal, it turns out that this recipe, which I thought was just because linguiça means sausage. It's like the pancakes of Portugal. I mean, there's sausages everywhere. I mean, it's not like a secret how to make this stuff, but it's complicated. There's a place up in Oregon for anyone out there who wants to try a good linguiça called Taylor's, and you can look it up. And Taylor's ships

1:06:29 And they have a credible linguisa. In fact, when I'm in Washington, I usually stop at one of the stores that carries it and buy, stock up on this stuff and then bring it down to California where I should be able to get good linguisa, but I can't. It's either too grainy or it doesn't have that ripe, soaked meat taste or whatever, or it's not chunky. There's a lot of grizzle in a good linguisa. Anyway, so. So, but meanwhile I'm going to the store and this woman that's taking me around from the Commerce Department of the country, because I have to stop at a store wherever I travel, and she, I'm looking for some sausages to bring back or something, and she points out this strange thing which is kind of like the ultimate, it's not a linguise, it's a big like a salami, but it's made

1:07:12 in the same way so it's essentially, and there's nothing else in there but the meat itself which is obviously cured in some way because the stuff is not even refrigerated, it doesn't have to be. It is unbelievably delicious but you have to boil it or cook it. I mean, it's just a, I haven't figured out how to prepare it properly but it's like a, it's this flavor. So my wife who has the spice store, she's doing a lot of research and she, We're working on a book on spices. She makes the assertion, using that word again, that most of these cured meats and salamis and all these things that have been perfected over the years, spices weren't used necessarily for adding flavor. No, it was for preservation of food, right?

1:08:00 Right, and almost every one of these crazy spices has some specific characteristic. One's an antioxidant, one of them kills some sort of bacteria. Yes, I love this, John. You have to come out with that book because this is what people are going to need. We have to get away from this crap that we call food that has nothing to do with food. It's either chemicals posing as protein like melamine which by the way is now acceptable at 2.5 parts per million by the federal Food and Drug Administration or it's genetically modified and God knows what that's doing to us. Yeah I know you never know

1:08:41 So anyway, so you end up with these characteristics that can't be duplicated unless you follow the process. And so when the health department, and by the way, this is going to hit the EU harder than it hits us, and I talked about this when I was in Portugal. What happens when some guy from Brussels comes into Portugal and say, you can't make sausage that way? It's already happening. It's called the Codex Alimentarius. Yeah, yeah, you and that. I got to start reading that thing. You know what? You'll never get through it because it will maybe you because of course you are chemical engineer and health inspector and uh... coin collector and all kinds of incredible careers that you had uh... but it's going to be it's very very very very technical uh... but they're out there basically outlawing anything good for you well or anything like these these classic all recipes which were designed to keep you from getting yes exactly and and me me points out and this is also in the book which is

1:09:37 especially during the middle ages where you'd have one, you know, feudal empire take over another. The first thing they'd do is they'd steal the cooks. The cooks would be the first guys and they'd have to work for the new guy. And if they poisoned him, he was dead. The cook. So, you know, they had so these recipes and these developments, these procedures for making preserved meat because they didn't have refrigeration and all these things were designed not to make you sick. They were designed to keep you alive. Yeah. And those processes are being processed is that this guy Santos was using to make this delicious, this delicious linguine sausage we ate for decades and never got sick. You know, they wanted to mess with it. Actually, it may have been a threat to the public health itself. Yes.

1:10:29 Right? Don't you think? Of course! Look, now you're in my camp, you know. Are you kidding me? I'm just rolling my eyes thinking, yeah, oh, welcome to the world of the awakened, John. And anyway, this reminds me of the French who are complaining bitterly, especially the guys who make various kinds of goat cheese. And if you go to France, anyone who goes to the French countryside, the last thing you get at the end of your meal in any decent restaurant, or probably every restaurant in France, at least anyone that's a restaurant, as opposed to a bistro, is they roll out usually a platter.

1:11:05 filled with local cheeses and none of them are broccoli, it's almost like they just brought them out for you and there's like, within that group there's always about 10 goat cheeses which are always marked by a funny shape and dusted with ash. And a pungent smell. Well, the goat cheese is, yeah. Well, it smells like some of them. Some of them are pretty pungent. Anyway, they have all these goat cheeses and the way they make the goat cheese in these places is the same thing. They've been doing it, you know, from handing it down from father to son for a reason and they use a certain... They put the cheese on a certain kind of wood and they cure it and they do this and they do that and they have to follow... They follow very closely. Oh, yeah, but that wood isn't clean. Oh, no, that can't pass FDA standards. No, it was not clean. So the Brussels inspectors come in there and say... And they're telling all the goat cheese makers in France to get rid of the wood. They have to use plastic.

1:11:50 Oh, of course, with melamine. There you go. We're back to the melamine. Now, it's not right. It's just, I find it kind of depressing. It seems to be, you know, of a mind that they think they can beat the system. See, that's why I was so excited about this Italian shop. You'll see, because they've got all kinds of sausages and all different kinds of cuts of meat. You know, it's real stuff. It's not, you know, they source it themselves. Oh great. Yeah. I'm sure that's dynamite. You should just shop no place else. That's what I'm... Thank you. That's what I was trying to say is, you know, I don't need to go anywhere else. Everything they have there is homemade. They've got jars of stuff of, you know, any, you know, from horseradish that's homemade to you name it. Oh no, I'm very excited about it. It's a gold mine. Yeah, yeah. There is indeed no reason to go shop anywhere else. Right there is fine.

1:12:44 They don't sell cat food. That's about it. They sell cat food? No, they do not. They do not. So the thing is I'm always surprised by people. There'll be somebody that lives in that block that won't shop there because it's too rustic or something. Well, because they're hooked on the shit. It always surprises me that you could be in some neighborhood and you can have like the world's greatest little store and you won't support the store. You'd rather go to Safeway or something because you just, I don't know, I'm just baffling. I think more people get like that. Even in the country where they should know better, they won't shop in the appropriate place when they have the opportunity. If you don't have a choice,

1:13:31 Yeah, great. But when you have a choice and when you have a choice like that little meat market, it's a no-brainer. It's a no-brainer. And we have the farmers market that comes once a week into the high street. No, that's good. Yeah. So, Formula One is in trouble. Yeah, isn't that funny? That's sad. Yeah, they finally did the math. I mean, they were just losing their pants and these sponsors said no. It cost like 300 million a year for a team just to participate? Yeah. With all costs. Pounds, by the way. 300 million pounds. So Honda's out. Who else was out? There was another, like every team is now saying, well, I don't know, man. And what do you do if you're a Formula One driver and Formula One falls apart? What can you really go and do? NASCAR. NASCAR.

1:14:24 I want to turn right. I want to turn right. You know NASCAR is pretty exciting I don't know if you ever driven or been in one of those cars or get taking hot laps or anything, but it's pretty I think I've driven just about every not Formula one, but I've driven Indy NASCAR Formula 2000 Haven't done rally rally doesn't I was rally is looks dangerous to me so So you know they guys on Top Gear which is really probably one of the best auto shows ever Yeah, you know they got into a fried guess one of them drove a formula one car or something it But the process of driving a formula one car. It's ridiculous. It's like it's not even like driving It's like every button million push buttons. It's like computer programming well. They also call it. They don't call you a driver They call you a pilot you're a formula one pilot. Yeah, yeah the

1:15:17 Trying to think I think these guys would like to go in the Nascar because in Nascar, you know They do bump each other quite a bit. No, man These guys like to swear to God if you talk to a Formula One driver, they'll say no I like to turn right once in a while. That's what they all say Yeah, they say that they're moaning and groaning. So what no you will you like to turn right where there's a bank? No, would you like to turn right where there's like, you know the poor house? Yeah, well, there you go. That's a good point IndyCar was cool. I drove IndyCar at Indy. That was cool. How fast did you get it up?

1:15:53 It didn't have a speedometer, so I really don't know. It didn't have a speedometer? No, it doesn't have a speedometer. There's no speedometer on the IndyCar. They must have had a tachometer. Oh yeah, well you know, I was specifically told not to rev more than 10,000. Okay, well then you could have made the calculation find out what the ratio of the rear end and the and the gear box And yeah, I was number four p.m.. She could have figured out your speed. Yeah, I was too busy looking at the chicks in pit lane Had no patience for that, but the bailout for the car industry hasn't happened. You know this is a worldwide thing This is not just the u.s.. There they're begging they're begging over here to the car companies. Yeah, I heard that I don't know I mean you know maybe if they

1:16:49 Well, it's really interesting because here's what I've seen. I didn't know cars were such a commodity that they were just one hiccup and the next thing you know these guys are all going out of business. you know there's a lot of people tied in, you know they're talking about the supply, also if the US companies go down then the supplies of certain raw materials goes up so it becomes a real problem for everybody but you know parts and you know a lot of different manufacturers in different countries make parts for you know for a lot of auto companies so you know there's a fear that they could go under of course dealerships are huge so I understand

1:17:25 where the fear comes from. But what's kind of funny is that the Treasury, who of course has this tarp, this $700 billion little sliver compared to what they've actually spent of our money, And they're saying, no, we don't want to give any of that money to the car companies. That's for our friends. Go find your own money. We've got our supply right here. We're not going to give it to those guys, not to Detroit. No way. We want to keep it here. There was a website that documented the amount of money given to Congress by both the banks and the banking interests and the car companies, and it was like

1:18:05 Something like a hundred times more money came from the banking interest. The car companies barely gave anything to Congress because they didn't have a lot of money to give. I bet they're regretting that now. Oh yeah. Man, we should have been on, was it K Street? Is that what it's called? Q Street, Avenue K, whatever. Where all the lobbyists live yeah, there's a I don't know the name of the street, but yeah, there's some street That's notorious, but yeah, no obviously the whole thing was Mismanaged do you think they're still gonna get some money do you think they're still gonna get some everything and make them suffer first?

1:18:44 You know, you got these guys on the ropes and you're kind of sadists. You know, let's make them suffer, you know? And then this will teach them a lesson about not giving us enough money for our campaigns. Let's teach them a lesson and let's make them suffer to the last second. Oh, that's a good idea, Jim. Okay. It's our money though, dude. It's our money. Yeah, well, not... It's our money. It was our money. Yeah. You asked me last week about the Lisbon Treaty. Right. So here's the headline from the Daily Mail. EU leaders agree on bribes to convince Irish voters to vote yes to treaty at second referendum.

1:19:30 Does that kind of sum it up for you? Well, the Daily Mail. Yeah, but, you know, it's essentially, so they're going to do another referendum. It's like... Yeah, they're going to, no, you do what you, if you do, my experience has always been, always reminds me of a guy who used to be a gas station owner in Niles, California, and as I, George Warm Springs, one of these old little bergs, who used to run for office all the time. And you'd see his name on every ballot. He'd just get soundly whipped. Because he was a dud and so one day he ran for the board of the Bart thing before they built the Bart rap barrier rapid transit and in for some reason or other he got in and it was just like and I might I mean whether he was any good as a Bart director I don't know guy can't remember probably not but but the point is is that he just kept over

1:20:20 over and over you keep putting it in there, putting it in there, putting it in there. If you keep, you can review Rand, if the Irish refuse to vote this in 20 times in a row, they try 21. This is like, you know, let's flip for it. No, let's do two out of three. No, no, no, let's do five, three out of five. No, no, no, no. If you do this for an infinite period of time, it will get through. It's just as basic corruption. Yeah. Well, thank you. That's why the headline says it all, bribes, corruption. Thank you. Meanwhile, that Czech guy, that's going to be funny when he takes over. Because little known fact, the Czech Republic has also not ratified the... They don't have a referendum, but they haven't ratified it, the Lisbon Treaty. And this guy is a very strong opponent, or at least that's the way he's been speaking as of late. And he will become president of the EU very soon, I believe.

1:21:13 Well, maybe he'll stave off or push away the, you know, this, the grander scheme. Maybe he'll get assassinated. Now, this seems fine to me. No, he's gonna get killed. Oh, okay. Please. You wanna put that, do you think by June 30th? Yeah, put it down, put me down for a dead check by June 30th. Okay. What did you have by June 30? Obama, everybody happy, and I'm saying... Everybody happy. I'm saying nobody happy, and we got a dead check. I'm not going to argue... Well, no, actually I'll argue against a dead check. I think that it'll keep him alive. Keep him alive? Yeah, okay. What they'll do is they'll persuade him to see the error of his ways. I hear that the Saakashvili, the Georgian prime minister, is getting kicked out, though.

1:22:01 It's about time. Yeah, well, and you know they've all agreed now that yeah we started it. Of course no one gives a shit. They all agree that we started it? The Georgians started it, yeah. The minister there now in the parliament are saying well yeah we kind of started bombing first but the Russians were ready for us. So meanwhile, of course, I didn't know this by the way. So meanwhile our media, nobody picks up on this because we still think Rush is the bad guy in this thing and they just admitted guilt but nobody cares? Is that what you're saying? That's what I'm saying. Oh, great. That's what I'm saying. Another moment of enlightenment.

1:22:41 Because if people followed our show, they would know all this stuff. Yeah, well that's why we got 200,000 people listening. By the way, it's not enough. We need more and we'd like you, yes you, we'd like you to tell a friend. Turn him on to our show. Give him a copy. Yeah, burn a copy. Burn a copy and give it to a friend. Say, listen to these two idiots. Maybe they're onto something. Yeah, you like wine? Here, listen to this. You like wine? You got the right place. You like wine? Pepper? You like sausage? This is the show for you. Yeah, we're, let's see, we have, and by the way, you don't want to give the show to a vegan. No, please. Bad idea. Or Canadian, apparently. Man, we pissed off a lot of Canadians last week.

1:23:29 What, from what? Well everyone's like you don't know shit about Canada, you don't know how it works, this is not how it went down. Oh, because of the crazy thing they're doing up there, we don't know anything? Well yeah, that's why we got the Detroit, let's explain. That's how we got the Detroit slingbots. Good point, that's right, yes. He gets two Canadian channels, he gets the CBC and something else. and we're gonna watch Canadian television and catch up. This is how responsible we are as two podcasters. Yeah, we're actually taking time out of our day to get on the crappy-ass Slingbox, which has been kindly offered to us by a No Agenda listener, whose name I'm looking up as we speak.

1:22:41 Because if people followed our show, they would know all this stuff. Yeah, well that's why we got 200,000 people listening. By the way, it's not enough. We need more and we'd like you, yes you, we'd like you to tell a friend. Turn him on to our show. Give him a copy. Yeah, burn a copy. Burn a copy and give it to a friend. Say, listen to these two idiots. Maybe they're onto something. Yeah, you like wine? Here, listen to this. You like wine? You got the right place. You like wine? Pepper? You like sausage? This is the show for you. Yeah, we're, let's see, we have, and by the way, you don't want to give the show to a vegan. No, please. Bad idea. Or Canadian, apparently. Man, we pissed off a lot of Canadians last week.

1:23:29 What, from what? Well everyone's like you don't know shit about Canada, you don't know how it works, this is not how it went down. Oh, because of the crazy thing they're doing up there, we don't know anything? Well yeah, that's why we got the Detroit, let's explain. That's how we got the Detroit slingbots. Good point, that's right, yes. He gets two Canadian channels, he gets the CBC and something else. and we're gonna watch Canadian television and catch up. This is how responsible we are as two podcasters. Yeah, we're actually taking time out of our day to get on the crappy-ass Slingbox, which has been kindly offered to us by a No Agenda listener, whose name I'm looking up as we speak.

1:24:09 You better keep talking cuz it gmail. I'm sorry just like I was wondering I'm still trying to say why you'd call it a crappy ass device when earlier in the show you praised it as a girl what I'm saying is it's extra effort. It's extra effort. You know we are taking the effort okay, Andrew Thompson there you go yeah, thank you so we have it we're using his sling by saying by the way if anybody out there is in some remote part of the world and they have a sling box yeah send us the ID and Send us the ID and we'll watch your shows locally and then we'll make some comments about it. We don't have in fact a new slingbox software Which is really impressive by the way the stuff you can download and anyone up by the way out there can do this if you get an account it actually maintains a Database of all the sling boxes that you're talking to yeah, just go down right yeah, it's great you just go down the list and you click Detroit and

1:24:59 And boom, I'm on the Detroit Slingbox. So we've got... They should be sponsoring this show. There you go. Now that's a good... I'll go after that. Let's have Lawrence call them up. Tell them the show should be sponsored. Yeah, because we're using the thing to do an international show. We got two one guys in different parts of the hemisphere. We are the target audience right there. Well, we're not chicks, but otherwise we're the perfect target audience for this device. Right. And I think a lot of people that listen to this show would probably use it. You know if they thought about it So cheap device, but it's not expensive so we now have access to CBC Canadian Broadcasting Corporation out of Windsor and Something called global or something. I don't know what the other thing is It's like some station in Windsor, and I know that you've been watching it because Because you left it on channel 99

1:25:55 Oh, I did. Yeah, because I was surfing through, right? And I also have the software downstairs in the kitchen on Patricia's MacBook. And I'm switching through and it stops on TMZ. Oh man. And then all of a sudden, I went to make a cup of tea and then the laptop's gone, Patricia's sitting there watching it. I can't get it back, she's watching stupid celebrity gossip on TMZ. Yeah, that's pretty bad. But anyway, the other device, again, I want to keep giving him all this free publicity, is the Sling Catcher. Yeah, this is the thing that I need, because this is the other side of it, right? You hook that up and then you can put a Slingbox stream on your television. Right. Cool.

1:26:46 So you don't have to just do everything on the computer. I mean, when the Slingbox first came out, I thought it was kind of a hokey idea. But until I started realizing, especially with having two different houses, how advantageous it would be, especially since I can't get the local stations up in Seattle on my DISH network. because of some legal thing. And then when we started, then having used it and realized how, actually it's very powerful. It gives you the local stations, it has its own guide, you can change the channels effortlessly. It's amazing. Yeah, it is, it really is. I hope someone made some money on that.

1:27:23 Well, I think the guy I've read it I was doing it at a dinner recently and somebody mentioned that the Slingbox founder is a really sharp character And I yeah, I'm sure they did unfortunately if it was if it wasn't for sorbane's oxley company like that would have gone public and it would have made some serious money Yeah, it'd be huge. I agree. Oh well Soon as soon as we get the new the new bandwidth get it all set up all right meanwhile check out the one you have hooked up now Yeah, you should try it. But don't stay on it too long because I have like some pathetic like... like 300 kilobit per second upload or something. It's really fucking sad. You have a cap?

1:28:07 That's just the speed. I get a megabit down and 300k speed up. So if you're watching the sling box, it's like, you know, then the internet comes falling, crushing to its knees here. Oh, I'll only do it at midnight then. Your time. Yeah, yeah, no, that's cool. That's cool. Any time after midnight here is no problem at all. All right, good. I'll get mine hooked up in the next week or so. I need to find the power supply for one of them. You know, it helps I've heard if you have one of those that putting the power on makes it better. It actually works. Yeah. What else happened with you, Ma? I think that's about it. The weather here is actually quite good, but a little chilly. Then we had a big full moon and it's raining up in Seattle, so I'm down here and not much. So another weekend at home, huh?

1:29:05 Yeah, well next weekend I'm going up for sure because I'm gonna spend the whole week up, you know for Christmas and well That's it. You know, that's kind of interesting. So next weekend. So are you gonna call in or when do you want to do it? I'm leaving on Sunday, so we'll just do it the regular time. And then the next Saturday, I think I'm up there, but I'm gonna bring some gear up there and I'm gonna hook up. Because I got, you know, here what happened to change is that we had this local provider, but then my son Eric down the hill is sitting on top of a fiber optic. And so he had, well it's actually, there's a string, it's actually strung on the telephone poles. And so he did a deal with a guy who apparently has the legal rights to this fiber. And so he bought a five meg up and down fiber connection, which is straight shot, no sharing.

1:29:55 And I think we're actually getting 10 10 megabits per second fiber nice, and then he's standing got a 1 watt Wi-Fi a 1 watt Wi-Fi directional antenna thing shooting up to my house and so I'm picking up you know about 100 megabits per second on that network and and then taking the taking these the fiber in and it is so much faster even though you know I have a fast connection here on the Comcast but it has that, it's not like you wouldn't call it a delay, it's just like every once in a while it goes, can you hold on just one second before I give you that data because I am a little busy over here, okay here it comes.

1:30:34 With the fiber, it's just wow. Boom. Yeah. I love the way they market it, because I did some research and you look at Virgin Media, which we're on the fiber optic network, and they say, okay, you get the 20 megabits, it'll take you 1.7 seconds to download an MP3 track. I'm like, what kind of measurement is that? That's not a Pink Floyd track, okay? It's like they're taking averages, but the way they market that is so misleading. I hate that kind of marketing. Why don't they just tell you what your megabits per second is going to be? Well, they do. They say it's the big long thing. Some people don't. They just go on with a bunch of, well, you can load a book and so on, and you can download a movie in an hour, you know, whatever. They even say that with that tone of voice, don't they? Well, you can download a book and blah. That's real marketing for you. Hey, get Comcast. You can even download MP3, like blah.

1:31:27 That's exactly the voice they use. Here's one, here's one John, we're not done yet. Goldman predicts oil to hit $30 a barrel. Awkward U-turn after $200 warning. Awkward U-turn. You should see this picture. So you have to assume once they made this statement that the oil downturn is over. It's gonna shoot up like a rocket. It's coming. Well actually after they made that statement it did go up a little bit. You know a lot of people think it's gonna stabilize at 30, some people think it's gonna stabilize at 50. When they're ready to crush us as per plan, which will probably be around June 25th, then it's gonna skyrocket. I'm not seeing it.

1:32:18 This is a supply and demand problem. They got a serious problem. They can't, you know, we cut back on our oil usage and with Obama coming in and pushing all this other stuff, I think oil's got serious problems maintaining these prices. I think it's, I think they're probably right about 30. Right. The guy who's running Iran says that they're planning their whole economy on $30 barrel oil. And the guy from Saudi Arabia came out and said, out in one of the 60 Minutes last week, he came out and said, well, you know, out of the ground it's costing us two bucks to produce this stuff. I think, I'm hearing a lot more but okay. He says two bucks, I'm telling you, you can go look at the 60 Minutes on Hulu. It's like two bucks, he says, that's what it costs. And they have hard to get oil, it's not like their oil is just oozing out like it was in Texas. I'm telling you, I got a friend of mine works at a Halliburton company and it's in oil support services and he says it's really, it's 20 bucks a barrel to get it out and onto the container. I'm just telling you what the guy said. Yeah, well he's full of shit.

1:33:23 He's a Saudi, why would he say that? Why would he lowball himself? I don't know. To make it sound like, to help continue to bankrupt the Middle East. I don't know. It sounds like he didn't want to do that. Do you know the story behind the name Ponzi scheme, just to bring this show full circle? A guy named Ponzi? Yeah, yeah, Charles Ponzi. Yeah. And his original Ponzi scheme in 1920, estimated loss $10 million. And it was the same thing, you just, you know. Right. That's what a lot of people think, a lot of these multi-level marketing things are Ponzi schemes of some sort. I don't see it as a... I think that's a misnomer when you call an MLM a Ponzi scheme, that's not true.

1:34:10 It is when your orientation is more to selling franchises than it is to selling products. Okay, yeah, true. And I have run into those. You know, it's like, you know, you want to sell product? No, no, you should sell more people to be under your umbrella than they under yours. And they've had to actually change a bunch of, they've actually had laws against overdoing that. So you can't have a huge, you know, pyramid schemes, you have the word for it. That's, yeah, that's the word. They changed the law so the pyramid can only go so far. You can't have an infinite pyramid, which is how you made the big bucks. Right. Nor can you have an infinite bubble, which is exactly what happened here. Right, or an infinite Ponzi scheme. But the fact that it could take it to 50 billion, that's amazing. And for so many years. 40. Just based on reputation, I guess. Yeah, no, that shows you what reputation can do for you.

1:35:05 Didn't work Yeah, no I'm saying the reputation I mean people who thought highly of his reputations guts You know were mistaken there was a bunch of I've gotten a couple papers from people Well that that it show that this guy was under suspicion like a decade ago because there were these writers that would come and say I don't know how how does he do it isn't yeah, how does he do it? It can't be done, and then they always have them quoted at the answer well You know a lot of people don't take it into consideration That I'm a great trader and I know what I'm doing. Maybe when you realize that you'll see how I did it. Yeah, well, so we'll be talking about this guy and it'll be it's great and it makes fantastic headlines and meanwhile 8.4 trillion dollars has been stolen from us by Goldman Sachs effectively by extent by extension with Paulson by extension stolen just stolen You know You don't care

1:36:04 I do care, I wish I was working for him. Ah John, would a lot of money make you happy? No, but it would allow me some time to go float around Europe more. I mean, I have to work all the time, I'm always around here podcasting or doing something, trying to clean the office, fixing things. It's ridiculous. When's the last time you moved? I haven't moved, well we have different properties and I haven't moved from this house for like... fifteen years it's a long time it's a little bit yeah it's what is well beyond time but the problem that we have we have the same problem the port angeles house is that if you don't follow the every move every four years move a move and move you fall off the ladder you me late so much crap uh... what do i get me it's like a nightmare yeah well that's us man this is four years this time to move forward dot

1:37:01 And it feels great. It's exciting. I really like it. We enjoy moving. I mean the actual process kind of sucks, but you know the throwing out, the reboot, it's cool. I like it. You know there's a lot of bills you don't have to change. You know you just don't tell them. And you don't see them anymore. More power to ya. Yeah, I know it's like junk mail ends for a while. I like that. That's kind of cool. So, you should consider it. It's a buyer's market I hear. I'm trying to go, well I'm going to wait for the market to, I know what the, the market works in a wave anyway so you have a... You were telling me half a year ago now is the time to buy.

1:37:41 Yeah, no, now's the time to buy, but now's not the time to sell. That's the difference. True, true. So what I want to do is I want to get into the... California's going to make a comeback probably in that same June period that we're talking about next year. California properties prices should stabilize and start to go up to the point where I can sell at a decent amount of money that I need to sell at. And, but it will not have happened in other parts of the country, namely Washington State or some of these other places. Because everything happens in bulges. And so I should be able to get the timing just right to get out and then get in within a good time to sell, good time to buy. It's like a straddle. And where are you going to go?

1:38:25 Washington. Oh, you want to go live there? You just want to sell this place and sell up and be gone? I want to get out of California because I think this place is doomed. It's bankrupt. They got no money. They're going to stick it to us. Yeah, probably on, oh I know, capital gains on house sales. That's how they'll stick it to you. Well, they're not going to get away with that. but the uh... they're gonna stick it to us in other ways they're gonna have a value-added tax and convinced of that and then they're going to two or three other things are gonna raise property value property uh... taxes and all of you know everything they can do well you know it's really funny that the big stimulus package here in the united kingdom was uh... the reduction of the value-added tax from seventeen and a half percent of fifteen percent which is a is a huge amount but what's interesting what they don't tell you is that on the very same day

1:39:16 that they lowered the VAT tax, they increased the alcohol, the liquor tax by 8%. And no one wrote a single line about it. It's like booze is 8% more expensive, but everyone's talking about, oh, they lowered the VAT by 2.5%, giving you a net 5.5% increase on the number one substance the Brits put into their bodies. They like to drink over there. Yeah, yeah they do. But it's cool man, we got like five pubs in our neighborhood. I gotta find my local. Gotta find out. Yeah, find a good one. Make sure they have Adnans. That's kind of one of the keys. A beer?

1:39:58 Yeah, A-D-N-A-N-S. Adnanz. Adnanz Ale. Okay. Is considered... How about just a nice atmosphere and cool people? Or should we be looking only at the deal? If they have the Adnanz, they'll have the rest, they'll come with it. Cool people come included with the deal. Yeah, you watch. Alright, I'm gonna send you a link, John, and we should talk about it next week. It's from a Colorado What's the university up there in Colorado? University of Colorado, Buffalo. How about Boulder? Boulder, Boulder. What's in Boulder? It's in Boulder, yeah. Okay. Or as they pronounce it up there, Boder. Boder. It's a university professor in his classroom and it's about 20 minutes and he's talking about, and he's kind of an old kook which is obviously why I liked him, and he's talking about the inability of human beings to

1:40:51 understand the concept of exponential growth. And he goes through a whole number of examples how exponential growth works and then he draws parallels between global population and oil use. And it's kind of like the old story if you saved a penny a day every single day, you know, you'd be a millionaire or like you'd have a hundred million within 20 years or whatever with compounded interest. And it's quite frightening when you see the numbers on... forget about... basically the numbers double every 10 years, like the population is... and it goes very very quickly and then when you get exponential growth, this hockey stick curve that just goes straight up after a certain point and what he's basically saying is where it's 2 minutes to 12 and the next doubling of everything is essentially going to kill us and what he goes into

1:41:50 is he literally says here are the options. War, disease, he's going through all the options. Famine, exactly. Yeah, those are the classics. So you obviously know what I'm talking about. This is not just nutball stuff, this is kind of realistic. Yeah, it's been discussed a lot. It's probably more or less true. Well, Carter used it. Carter tried to explain uh... the how uh... exponential growth works and he was right you know he said we will will have tapped out our resources in in four decades from now yeah and then i mean this and even if you find two years you find two more huge oil fields like alaska and uh...

1:42:37 What is it, Indonesia or whatever? You know, we got, there's a, there's a, you know what the one no one wants to talk about because it would like change everybody's attitude. There's a whopper sitting underneath Nebraska as big as Saudi Arabia. Yeah, but this is the whole point. It doesn't matter when you're looking at these exponential numbers where usage increases continuously at like 6% per year. Of course that's changed a little bit. Yeah, I know, too much to handle. You know, apparently, you know, what he was saying is the population growth of Boulder is at 3% no was it 6% and they brought it down like 4.8% and his point was that we actually send humanitarian aid into countries that have a population growth over 2% because it can actually it can kill you within you know you wind up very quickly at the end of that curve with you each got a square meter and that's it

1:43:33 I'm gonna send you that link. I looked at it and I was just like, wow, this is freaking me out. Yeah, send it. I'll blog it and then we'll talk about it next week. That's a good idea. Because if it really holds true and the numbers certainly make sense, but if the underlying data he's comparing it to, if it makes sense, then... Shit man who cares don't pay your mortgage. Don't move just hang out. It's fun having tomorrow Well, it's it could do it's a lot of this could be in our lifetime 2035 a nihilist 20 nihilist was that NIH look it up no no Explain it's a person who just has a gloomy outlook

1:44:12 Yeah, oh you mean a realist. I'm sorry. I misunderstood you That's what a nihilist would say exactly well, that's me. I'm gonna get business cards printed up Yeah, use it as your title Neil is how do I spell it NIH? I think NIH a LIST I think NIH L I L I ST I think as in annihilation Well, I wasn't thinking in those terms bikes. Maybe there's a root there Okay Alright John, well good talking to you. As usual. Yes, and well, coming to you from Gitmo Nation East over here in the United Kingdom where climate change is indeed in effect. It's getting colder. I'm Adam Curry.

1:45:01 And I'm John C. Dvorak in Silicon Valley North, Gitmo Nation, USA, and it's getting, it's kind of warm here, but it's cold every place else, so I don't know. We'll talk to you again next week, right here on NOAHgenda.