Episode 73 · Thursday, 19 February 2009

Save or Create

A deep dive into the 2009 economic stimulus reveals a web of lobbyist influence, corporate tax breaks, and questionable spending while global financial markets face unprecedented volatility.

By The No Agenda Show | 1h 25m listen | 32 chapters
Save or Create cover
The No Agenda Show · No. 73

About this episode

The Obama administration faces scrutiny over the 2009 stimulus package as Nancy Pelosi and the White House are accused of prioritizing pork-barrel spending over genuine economic relief. Allegations have surfaced that the bill includes $30 million for salt marsh harvest mouse protection in the San Francisco Bay Area, while billionaire Paul Allen reportedly benefits from tax deferments linked to Charter Communications. These developments coincide with a homeowner bailout plan that critics argue serves banking interests more than struggling mortgage holders.

Financial scandals deepen as the SEC and FBI investigate Allen Stanford for massive fraud and alleged money laundering for Mexican drug cartels. The probe follows a failed flight attempt where Stanford’s American Express Black card was reportedly declined. Meanwhile, the Obama cabinet is populated by former lobbyists from Goldman Sachs, Raytheon, and Monsanto, contradicting campaign promises of transparency. In the UK, former MI5 head Stella Rimington warns that anti-terrorism laws are being weaponized to erode civil liberties through photography bans and increased surveillance.

Geopolitical tensions rise following the Russian sinking of the Chinese cargo ship New Star, amid unconfirmed rumors of a missing nuclear warhead. In the Middle East, the Dubai real estate market has collapsed so severely that expatriates are abandoning luxury cars at airports to escape Sharia debt laws. The episode also explores the technical cadence of presidential teleprompter use and the persistent conspiracy theories surrounding the death of Enron CEO Ken Lay and his ties to the Bush family.


Loading show notes…
Loading clips…
CHAPTER 01 / 32 Discussion

No Agenda Introduction, Gitmo Nation Branding

Adam Curry and John C. Dvorak open the February 19, 2009, episode of No Agenda from London and Silicon Valley. They discuss the show's new "menacing" audio production elements and the "Gitmo Nation" branding. Dvorak comments on the slickness of the new transitions and jingles provided by Jan Paulette.

adam curry· john c. dvorak· no agenda· gitmo nation· southwest london· silicon valley

00:02 Adam Curry, John C. Dvorak Coming to you from opposite corners of Gitmo Nation it's Thursday February 19th 2009 This is no agenda It's Crackpot and Buzzkill In the morning From Gitmo Nation East in the Crackpot Command Center in Southwest London I'm Adam Curry And...I hope that's not a recording I'm John C. Dvorak here in THE Gitmo Nation Silicon Valley North California. What do you mean you hope it's not a recording? Well, it sounds to me that you transitioned from all those little jingles that people want copies of by the way. Yeah well they want copies of the Obama stuff which I'm not giving away No-no-no they don't want that... They can get those! We got a whole slew... Jan Paulette who does the hit test put together a whole package for us Adam Curry John C. Dvorak This is NO AGENDA Menacing Sounds Really Important News Important Information

01:00 Isn't that great? Yeah, yeah. That's good stuff But it sounds like you sound like part of the recording that's how slick it is Oh no! That donut yeah No I just-I put it in there How cool was that? Totally cool Although I flubbed it Did you hear me flub it No, I was so befuddled that I didn't pay. I don't think anyone noticed until you just know I should do it again Just to make it right Adam Curry John C Dvorak coming to you from opposite corners of gitmo nation It's Thursday February 19th 2009 this is no agenda Okay now I'm white what what was the flub knife loved earlier? It wasn't that was live oh

01:46 Oh, see I can't tell. Yeah, I said gluten mode nation didn't come out right. That's...I heard you say something weird and I was thinking but i was still so baffled by this is the thing about this kind of stuff This is a product that we got it does note from the hypnotist that told us this kind of thing It scrambles the brain Well, that's the whole point. In fact I even looked for some specific music to roll out before we actually got started on the show to get people into the right mode tune them into our frequency so we can start injecting important information into their brains. Yeah! I think that is a necessary thing to do. But when you hear that kind of opening with that menacing music it...I think it prepares people like oh important information coming I've gotta pay attention

CHAPTER 02 / 32 Discussion

High School Dating, New York Bar Scene Anecdotes

A discussion on the excitement of producing two shows a week transitions into personal anecdotes about high school dating and the evolution of nightlife. The conversation covers the 1970s bar scenes in New York City, San Francisco, and Chicago, as well as international locations like Athens and Istanbul. An anecdote is shared regarding "pickup artists" pretending to be CBS producers in the late 70s.

high school· dating· new york city· first avenue· san francisco· istanbul

02:29 It could. Mm-hmm I like it mm-hmm so far we're getting there Hey John, let me tell you this this to no agendas a week. I'm really liking it man It's almost I'm so excited haven't been as excited since high school dating I don't think that needs comment. You wish, I wish you could reciprocate on that. I just don't think I can come up with anything to top that. High school dating... Oh man it is really a big fan of high school dating. I dated and dated I mean I usually had steady. I never ever ever got laid Never, I'm not kidding you. You got laid eventually? Eventually when i was on television and started to get laid. Oh gee! I wonder why that was... Well it's not like I didn't know it but uh... People don't believe me when I say that I do not know how to pick up women. I just don't. Well you uh... Now I just flash my gold bar. Hey baby

03:29 The way that, you know I think the way to do as somebody once said to me they learned how to pick up women by learning how to lie to them. Uh...I think kind of summarized everything and i recall the days when first went to New York City during the era when New York was a 24-hour town which it isn't really anymore compared to where it wasn't like this seventies And the first and second Avenue bar scene was really happening. I mean, there were just it was unbelievable It made there's a these different bar scenes in different major metropolitan areas like in San Francisco There used to be Union Street used to be like this. That's not anymore and Rush Street used to be like that in Chicago and now it's still kind of a scene but it's nothing like it was you know in the 1980s for example

04:18 and Athens has a little area which still is hot, and Istanbul has an area that's even hotter which is kind of surprising since it's Muslim country. And so I was hanging out in this...I think one of these first or second Avenue bars uptown. And this isn't the 80? When was this? This was probably in the late 70s early 80s can remember right after prohibition for you probably It was, yeah something like that. So anyway I'm in there and i'm listening to these pickup artists And it was like holy crap pal nobody believes you're a producer for CBS You think this girl's going to believe that? If only I could find an unknown

05:03 Seriously, and he just gave her this song and dance night because I were here that was just like my ear Just got bigger. I And bloom and I used to do that when we had an office in Los Angeles with think new ideas and just for yucks We'd do that at fancy restaurants We'd say yeah man if only can find the unknown for this role Yeah That would be great wouldn't it was amazing of course Bloom back in his day major player major So you could have done this if you wanted to. Nah, nah... so there's no chat room we're off the chat room We're now using Twitter Now John you just using the website for Twitter right? Yeah and also I don't get twitter on any machine except the other machine And the one at the Mevio office and I can't figure out why You know I've changed my password doesn't work I have had an amazing week of twitter

CHAPTER 04 / 32 Discussion

Obama Stimulus Package, Nancy Pelosi, Salt Marsh Harvest Mouse

The 2009 economic stimulus package is criticized, specifically regarding alleged earmarks and pork barrel spending. A claim is made that Nancy Pelosi included $30 million in the bill to protect an endangered species of mouse in the San Francisco Bay Area. The discussion links this spending to the broader economic distress and infrastructure issues in California.

barack obama· nancy pelosi· stimulus package· earmarks· salt marsh harvest mouse· california

10:01 because I've done quite a bit of investigation on the $75 billion. Let me give you this little one here, this was analyzed here at Business Insider website. Hundreds... Obama stimulus saves Microsoft billionaire hundreds of millions. That's the stimulus package? Yeah! Okay because we have three things happening now We have the 790 billion stimulus package which is a tax break for the rich okay well i want to hear that in a second $75 billion homeowner bailout, which I've researched extensively. And then we still have the financial stimulus don't we? Don't we have another financial stimulus for the banks? Yeah but that's not a tax break for them No no it's just a giveaway But i'm just talking about the giveaways So I have looked through this thing The Stimulus Package

10:57 I'm pretty amazed by... When is something an earmark and when is something not an earmark? Is it not an earmark if you put in at the beginning, is that how it works? I don't know. I never thought about it. I thought anything that just had nothing to do with anything that was in the bill whether it's put into beginning or end wasn't... And it just designated money going to here specifically wasn't earmark. Well so Pelosi saved a field mouse Which was in the bill from the Gega Pelosi's Save The Field Mouse. Wait, wait I'm sorry? It sounds like you're saying Pelosi's save the field mouse as if there's something in the bill. Yes to save mice Yes, that's correct rodents yes, that's correct. There is we have field mice around here. They're a nuisance. Yes Well well this is a protected one That's exactly what I'm saying Pelosi's That's what it's called Pelosi saved the field mice and it's called Pelosi saved the field. Oh, it's it's in this It's in the stimulus package You haven't heard about this

11:58 No, she wants to save a mouse? Yes. And then she wants to spend money on this? A lot of money! In times of economic distress... Wait a minute in times of economic distress She wants to spend money on saving some crappy mouse? 30 million dollars I'm amazed you hadn't heard about that Why what's the what is the I haven't heard of it Well you're in the Bay Area we don't let they don't let us know about stuff like But this is in the bay area Well that's the point they would want to tell us anything because we have roads with potholes You know, you gotta drive down the street here. It's like unbelievable. You just got to have...you gotta get new shocks every couple months. Well isn't your entire state government right now sleeping overnight together and trying to figure that out because they've fired people, they've furloughed people, the tax refunds aren't coming? There is a lot going on in California!

12:55 So Pelosi wants to save a mouse and spend 30 million dollars doing it. Yeah, that's just but that's just what does it take I mean What is what's the thirty million for? That's why did you take so much money to save a mouse Dude, I don't know Is it endangered yes Oh Mouse is endangered isn't that a good thing A tiny mouse with a long time backing of political giant. I'm just googling it to find it for ya It's oh he is very cute Not $30 million cute. But that's minor, that's... who cares? Anyway it's tax breaks for the rich explain it John because uh that would mean me I want to know how I can benefit Okay hang on

CHAPTER 05 / 32 Discussion

Paul Allen, Charter Communications, Debt Forgiveness Tax Breaks

Microsoft co-founder Paul Allen is identified as a major beneficiary of the stimulus bill through his stake in Charter Communications. The cable provider's $8 billion debt forgiveness during Chapter 11 bankruptcy is reportedly eligible for tax deferment until 2014 under the new legislation. This is characterized as a significant tax break for the wealthy.

paul allen· microsoft· charter communications· chapter 11· tax law· internal revenue service

13:48 Billionaire Paul Allen is, I'm going to read it. Billionaire Paul Allen is a Microsoft co-founder and the owner of the NFL Seattle Seahawks and the owner of Portland Trailblazers And thanks to this stimulus bill President Obama signed this week he's about as much as $1 billion richer Here's how... Allen owns majority stake in cable provider charter communications Charter Communications this month said it would reduce its debt load by $8 billion and enter Chapter 11. How can you not make money with a cable company? Normally, partners at a firm like Charter would have to pay taxes on the amount of the debt forgiven in this process which is in a sense a one-time income windfall. Tax law calls it deemed distribution

14:33 But under the new bill, companies like Charter Communications will be able to avoid paying taxes on forgiven debt until 2014. Even then Paul will have until 2018 to pay it off completely. Paul owns about half of Charters so his share is... So as Share of Charter Communications' 8 billion debt forgiveness is around 4 billion at a tax rate of 25%. Alan could avoid paying as much 1 billion in taxes until 2014 Tax expert Robin Williams told the Wall Street Journal, but that means you have to make money first right what do you mean? Well, you don't pay taxes if you don't make you know pay corporate taxes. If you don't make money Yeah, well you don't put yeah, that's true well I mean yeah Right but did but this is even he is making money on this deal Okay because you said how do you not make money with a cable company? Oh how do you not make money with a cable company? Well, that's what I'd like to know I don't know How you don't make money with a cable coming? What is he making money or not oh

15:35 No, he's not. Well I don't know if he is making money! I'm just saying that they're going bankrupt but it doesn't mean that he is not making money. All these companies go bankrupt left and right and guys are taking home tons The point is its a tax break for the rich Well there certainly a lot in there It's difficult because people talk about all this different stimuli packaging And you get confused after awhile What's going where? Right Well, so I was quite amazed by the $75 billion homeowner affordability and stability plan which was announced in Denver right? Right after he signed the stimulus package. Yeah, I thought it was announced before that. Well here's the thing... So i'm going to recovery.gov a lot because I want to find out how its being spent and of course there is no mention of the 75 billion

CHAPTER 06 / 32 Discussion

Homeowner Affordability and Stability Plan, Mortgage Refinancing

The $75 billion homeowner bailout plan announced in Denver is analyzed for its impact on monthly payments versus total debt. The plan is described as a refinancing scheme that lowers monthly interest rates but extends loan terms, potentially increasing the total amount paid by homeowners. The benefits are argued to favor bankers over the general public.

fannie mae· freddie mac· mortgage· refinancing· subprime mortgages· department of the treasury

16:39 I delve a little bit deeper. This is, and i'm not quite sure how this works but the 75 billion is apparently coming out of the initial Freddie May Fannie Mac bailout and by increasing the money they receive by 200 billion dollars which...I guess it's hard to read these bills, I guess they can do that But I really don't understand even if its going to cost any money at all because I've looked at this You know because the idea is a certain percentage of American homeowners will get a break But the break it seems like phantom money you go figure Because every example they give if you go to whitehouse.gov and they send you over to treasury.gov And there, you can finally find something It's all very transparent as long as you're willing to search long enough so if if you have basically what this

17:38 housing bailout does is it lowers your monthly payment yet it's basically everyone gets a refinancing. So they have an example here, your existing mortgage you have a balance of $199,584 with 27 years remaining at a 6.5 interest rate your monthly payment is $1308 after the plan if you qualify How do you qualify? Do you know... Oh yeah, there's a whole they don't have a handy little calculator but there's uh there's a whole bunch of rules it like the house can be more than four hundred thousand dollars over its multiple family dwelling seven hundred and fifty thousand dollars. There's a whole there's a you know if you're up to 105 percent equity oh there's a couple of things I don't think a lot of people will qualify um Yeah that's what i'm thinking certainly not the people that are really going to get hurt

18:33 Well, this is you know. This is Fannie Mae Freddie Mac's. This is subprime mortgages so anyway So after you get helped by this plan the balance is now two hundred and three thousand five hundred and seventy-five dollars You have 30 years to repay it your interest rate goes from six point five to five point sixteen therefore reducing your monthly payment by 196 dollars but basically if it's a refi you're paying back more than at a lower rate and every single example has that so here's... You can do that now well if the banks were to basically forcing Fannie Mae and Freddie Mac to do that but I don't see where it costs any money. So here is Example B Well, thats because these people aren't rich right but they're getting screwed The whole thing is for the benefit of the richest for the bankers and now Paul Allen gets $1 billion in tax breaks But its crazy because

19:28 You know, they could lower the interest rate now. Just say hey you know what Fannie Mae Freddie Mac? You're at 6.5% now just lower it to 5.16%. Done! No... And recalculate it Yeah but instead of that they're saying oh yeah okay we'll do that That would be a direct benefit A direct benefit to the public Exactly this is a deficit to the public because you're paying more for your house you just have lower monthly payments Right which was what the scam was to begin with Yes unbelievable Every single example is that So I don't understand how it's going to cost any money. But the American public, because this is... well not the American public The twittering American public which i think is still smaller than many believe It's big but not humongous big Once the celebrities got into it could change things really fast Yeah but still if you look at twitscoop when somethings really hot its only 30 tweets a minute

CHAPTER 07 / 32 Discussion

Karl Rove, Wall Street Journal, Job Creation Metrics

Karl Rove's op-ed in the Wall Street Journal is cited, which criticizes the Obama administration's shifting metrics for "saving or creating" jobs. The lack of media scrutiny regarding these arbitrary numbers is discussed. The Recovery.gov website is criticized for providing a lack of transparent data despite its stated purpose.

karl rove· wall street journal· job creation· recovery.gov· barack obama

20:28 That constitutes a very hot topic. So maybe let's not yeah, no me they have charts you can see it but but what so disappointing is that Just like many other promises that were made, people are saying shut up Curry. At least it's transparency go to recovery.gov and I go to recovery.gov there is no information there It just tells you what they're going to do but there is nothing there yet. I was looking for the 75 billion...nothing And I think people just believe that, oh yeah, recovery.gov Yeah okay, well that's transparency right there. You sound like Stewie Someone has got to stop him! Oh Rove wrote an awesome... and you know what? I don't give a shit about Rove. I know you follow him but he wrote an awesome op-ed in the Wall Street Journal yesterday Have you seen it? No

21:31 So, his... what's the title? Is the administration winging it. I like that very much. But he latches on to something that we've been talking about He says... Team Obama was winging it when they declared the stimulus would, quote, save or create 2.5 million then 3 million then 3.7 million and then 4 million new jobs These were arbitrary and erratic numbers And they knew there's no way to count saved job Thank you! Finally someone says it Finally And then he goes up. I'm surprised, how come the media doesn't chime in? Because they're hypnotized! They're hypnotized that's why and if you go to recovery.gov they have a little map of any other shows how many jobs are gonna be saved or created and you roll over the map it says 40,000 jobs saved or created just like give me a break

22:27 So, no big fan of Karl Rove. The more you talk about this the more it makes me itch Well its angering It really is that the media isn't calling out and saying... Now the latest thing we run into constantly is the guy's only been in office for three weeks Yeah give him a break man! Give him a break Well let me tell you, I didn't have enough time to find the audio but i was looking for the speech that Obama gave where he says no lobbyists this is not going to happen in my administration. You'll have five days before any bill gets out there and like fail? That didn't happen we didn't get to see any bill for five days

CHAPTER 08 / 32 Discussion

Lobbyists in the Obama Administration, Eric Holder, Goldman Sachs

A list of former lobbyists serving in the Obama administration is presented, contradicting the President's campaign promises. Individuals mentioned include Attorney General Eric Holder (Global Crossing), Tom Vilsack (Monsanto), William Lynn (Raytheon), and Mark Patterson (Goldman Sachs). The affiliations span the departments of Agriculture, Defense, and Treasury.

eric holder· tom vilsack· raytheon· goldman sachs· monsanto· timothy geithner

23:18 And he took an extra day vacation, you know so it easily could have been put up online. But I did take the liberty of putting together a list of lobbyists in the Obama administration You ready? Uh oh! You got a minute? Yeah I guess Eric Holder Attorney General registered on behalf of Global Crossing Tom Vilsack Secretary of Agriculture What does that name ring a bell

23:54 No, he's Monsanto. We talked about that. Oh, Monsanto! And he is Secretary of Agriculture. Registered to lobby as recently... That should help all the vegans out there they're gonna love that. Registered to lobby as recently as last year on behalf for the National Education Association William Lynn Deputy Defense Secretary registered to lobby as recently as last year for Raytheon William Kaur Deputy Health and Human Services Secretary registered to lobby for the campaign for tobacco-free kids And I'm against that. We should be pushing tobacco on kids David Hayes deputy interior secretary lobbyist for San Diego gas and electric Mark Patterson chief of staff you must wait hold on a second You're reading a list of lobbyists. These aren't people that are actually in the administration What do you mean? Because he said right off the bat there's not gonna bunch of lobbyists all over that place Oh, I'm sorry your being facetious it took me a second. I had to bite

24:48 I'll give you a couple more. Chief of Staff to Treasury Secretary Timothy Geithner was registered to lobby for Goldman Sachs, Ron Klain chief of staff to Vice President Joe Biden registered the lobby for asbestos resolution US Airways interesting US Airways airborne Express and drug maker Imclone that's Martha Stewart's company isn't it? Imclone yeah Imclone Boy, it's a small world. Mona Sutphen, Deputy White House Chief of Staff registered to lobby for Anglis International Melody Barnes domestic policy counselor The list goes on and on and on Oh I don't know why you stopped! It's too depressing

CHAPTER 09 / 32 Discussion

Corporate Media Censorship, The Simpsons, Family Guy

The conversation turns to how corporate media environments discourage criticism of business partners and advertisers. Personal experiences at MTV and Viacom are used to illustrate self-censorship. Meta-commentary from animated shows like The Simpsons and Family Guy is highlighted as a rare form of rebellion against network constraints.

viacom· mtv· the simpsons· family guy· corporate media· censorship

25:38 And there's not a... Is the media really controlled, John? I mean they're stupid. Well remember I was in corporate media with Viacom at MTV and it was kind of the same thing you did not say anything bad about any Warner Brothers act uh... when the mtv music awards were coming up because then you could know that madonna wouldn't perform yeah and and so this was a very cultural thing in fact you could make jokes about artists ever emerald but dot who would they screw you guys at that's what that's exactly how i feel like it will show that It's exactly how it used to work, man. Exactly how it used to work. Well that is the way it works in all corporate media I mean people always say well you know you guys are... You know they always say well you guy don't say anything bad about these guy or that guy because they're advertisers Nah! That's not true But there is a tendency to be circumspect

26:34 in certain situations, especially if you go off your own properties. It's always funny to see some meta-gags on The Simpsons or Family Guy. I remember this one episode of the Family Guy where Peter says... First it starts off as actually a good clip He says, you know I don't understand why there's so much violence on TV. Why doesn't the government step in and tell us what to watch? And then he says...and then they have to blame the networks. These networks! Why did they put this garbage on the air?! And then Lois says Peter, Peter, don't...you shouldn't be talking about the network. Says what? Why can't I talk about the network? What are they going to do cut our budget? And then he saids I'm gonna go get a beer and then they just have him as kind of a solid drawing that just kinda

CHAPTER 10 / 32 Discussion

ACORN Funding, Civil Disobedience, Foreclosure Squatting

The stimulus bill's reported $4.1 billion allocation for community organizing is linked to ACORN. The organization's announcement of a "civil disobedience" campaign, where members refuse to vacate foreclosed homes, is discussed. A theory is proposed that this unrest is being orchestrated to justify further government intervention.

acorn· civil disobedience· foreclosure· community organizing· stimulus bill

27:21 pops back and forth unmoving into the kitchen. You know, where there's no animation at all. And that's a fact! It is it is. People have to get used to that part of the stimulus bill is there's a lot of money going to Acorn Have you found out yet in the stimulus? No I can't but I don't believe its true because it looks corrupt. Wasn't he once with Acorn and now just giving them Yeah, it's a stimulus. Yeah pretty sure they were getting like a lot of money Well I have four point one billion the acorn what yeah 4.1 billion yes to community organizing company Yes Wow now we're in the wrong business No kidding You think what's interesting is that acorn?

28:28 Today announced something. They announced a new tactic civil disobedience So I'm not quite sure how you can take money from the government here it is Here's the press release February 19th acorn members will launch a new tactic in fighting foreclosures civil disobedience participants in the Acorn home savers campaign nationwide will simply refuse to move out of foreclosed homes or in some cases will move back in Acorn homesteaders intend to squat in their homes until a comprehensive federal solution for people facing foreclosure is put into place. I guess the $75 billion wasn't enough for him then? It's crazy! That's great, that's biting the hand that feeds you...I admire that Well I don't know if it's biting the hand that feeds you or taking directions At this point um Yeah i know your more skeptical I'm very skeptical Listen, im sorry, I apologize I shouldn't say that

29:31 It seems like it's all on purpose. Well, it could be but you might be right. Here is your 75 billion or how many billions? 4 billion whatever they get. 4.1 yeah. Now here is what we want to do We want you make a big stink about these foreclosures so that we can enact some other socialist fascist government control things So just do your thing Knock yourself out Very possible We promise that we won't beat anybody up too badly Yeah, we'll only tase you. Don't worry. Could be Meanwhile there's a new actor on the scene in the White House Peter Orszag And this guy is in charge of The 75 billion dollar program Wait a minute... Maybe he's in charge of the stimulus package

CHAPTER 11 / 32 Discussion

Peter Orszag, Central Bank of Iceland, White House Transparency

Peter Orszag, the Director of the Office of Management and Budget, is scrutinized for his previous role as an advisor to the Central Bank of Iceland prior to its economic collapse. His memo regarding the American Recovery and Reinvestment Act is critiqued for its use of vague language like "reasonable" and "mitigated" regarding fraud and waste.

peter orszag· rahm emanuel· iceland· office of management and budget· recovery.gov

30:34 No, I'm sorry. He's in charge of the stimulus package he is the guy in the White House who was going to... he's a budget director okay so it's his job right there on whitehouse dot gov It's a news item no less hold on let me find that news items even funnier wait until you hear about this guy Hey people out there! You know now that we've got your hypnotized and I know you're paying attention when they announce a name Google it its kinda fun it's a fun little game press releases I love whitehouse dot gov press releases Maybe it's under the blog. Anyway, let me tell you about this guy Israeli by the way which kind of fits with Rahm Emanuel Oh yeah he is going to bring in a bunch of his pals from Israel So this guy besides being an advisor to Rahm Emanuel and Bill Clinton on NAFTA He was recently advisor to the Central Bank of Iceland Is that a kicker or what? The only bankrupt country in the world

31:45 It killed me when I saw that. Isn't that fantastic? How can people, how can the people out there, the pundits columns everybody else let this... This is gold! Of course it's gold! Just slide right by them It's so amazing. It's gold! Yeah, yeah... We need a TV station John No we don't, why do you think- Why are we down? Fuck it, we don't need that. We're doing fine as is. That's hilarious Isn't that great Oh that's a kick, that's a 10 You-you-that's the top one, we can close the show Good night everybody, we'll be here next week I've been telling ya That was great This is like the old thing happens in professional sports where they get y'know one loser after another this is like a club

32:31 Yeah, well he bankrupted the whole guy. Bring him in we need you know he's a good guy He likes to you know these like scotch or scotch drinkers it's bringing me You know he's good guy here it is setting the bar high just looking at the bar highs yeah This is from The White House blog Just looking at recovery.gov, it might not be immediately clear what an enormous undertaking it will be to ensure the transparency and accountability that the President expects will be upheld! It's going to require an unprecedented level of vigilance – a fundamental shift in the way the federal government spends your tax dollars from the Oval Office down to every department and agency awarding funds from the American Recovery & Reinvestment Act

33:13 That is why Peter Orszag, the Director of the Office of Management and Budget has sent a memo to the heads of those departments and agencies explaining what's expected of them. And offering advice for how to meet those high standards." It's only five points if you want to hear him. Geez! Keep going... Is that it? Now funds are awarded and distributed in a prompt fair and reasonable manner whenever you see the word reasonable in a directive or contract run Reasonable is like that's the stuff lawsuits are made of. The recipients and uses of all funds are transparent to the public, like Stewie And the public benefits of these funds are reported clearly accurately and in a timely manner Funds are used for authorized purposes and instances of fraud waste air and abuse are mitigated Mitigate it? What does that mean? It means its resolved uh...in some way instantly Hmm

34:11 Fun let's read it again funds are used for authorized purposes and instances of fraud waste error and abuse Are mitigated yeah, I mean they're fixed Mmm somehow. Yeah, that's just as written by some Lindsay Nagle character some person That's a cartoon It's a blogger because on the White House blog But anyway, I just thought sounds like is written by a public relations person if you ask me well That's what is now with the White House blog is all about we'll just saying It's not written by a blogger. Funny though, huh? That he was the advisor to the Central Bank of Iceland Yeah that's the CV you want! I think they would have suppressed that. They got all these lobbyists like tons of them

CHAPTER 12 / 32 Discussion

Public Gullibility, CNBC, Wall Street Sentiment

The discussion touches on the perceived gullibility of the public and the role of public relations in government. CNBC is characterized as the "E-Entertainment of Wall Street," focusing on sensationalism rather than substantive reporting. A brief check on market "revolts" reported by the network finds little evidence of a major event.

cnbc· wall street· monty python· public relations· media sensationalism

35:01 and they just list them, and then they're totally transparent. And they figure it goes like this is like you know you see I robbed the other day oh whatever. It's apparently they've decided and i think there some rationale for this that the public is so stupid and gullible that you can tell him anything and you just sugarcoat in some way and deny stuff You know, like the character in the Monty Python movie had his arms chopped off. It's just a flesh wound. From the pinata that closed on his hands And you just... and the public is okay whatever They said he wasn't going to have any lobbyists Wait a minute wait a minute I'm getting something in here John Traitors on Wall Street revolting CNBC has some kind of flash bulletin Hold on let's see what this is Oh yeah it was supposed to be That's kind of creepy

35:57 That's from GP1477. Here, let's listen in and see if we can see anything. It says revolting right now. will solve this problem in ways that this mortgage subsidy will not. That's my point there are states... Nah, Cudlow. I don't know. Cudlow? Let's Cudlow! Yeah so um... I don't see no big revolt

36:39 You know CNBC is a little bit on the sensationalistic side. I mean that's one step away from it, they actually feel threatened by Fox I think. But CNBC is pretty much the E-Entertainment of Wall Street so E-Entertainment the eChannel is what everyone has to be watching in show business You know every executive office you come into it's on and and and CNBC is on Continuously all across the trading floor. They've got the sub the the subtitle Yeah, they're closed captions on yesterday though had a great piece of news which really hasn't made much of the of the mainstream press

CHAPTER 13 / 32 Discussion

Goldman Sachs Margin Calls, Ben Bernanke, Foreclosure Claims

Reports indicate that partners at Goldman Sachs are facing margin calls against their own company stock. Meanwhile, Federal Reserve Chairman Ben Bernanke is criticized for claiming at a press conference that his childhood home was foreclosed upon, a statement viewed as an attempt to garner unearned sympathy from the press.

goldman sachs· ben bernanke· margin calls· federal reserve· foreclosure

37:20 But partners at Goldman Sachs are now having to borrow tens if not hundreds of millions of dollars because they got margin calls against stock that they've borrowed against. Oh! And this is bad, this is the stuff that bad days are made of when you get margin call on your own company's stock Yeah, that's not a good thing for them. No well That's good about the I did that the inventories dropping in California and get out of this miserable state This is going under did you see Bernanke by any chance yesterday? No it was on it was unwatchable he came out needon a Did this all right they guy I think he's loaded in which way as in drunk loaded

38:08 Well, at least you beat the judge. He started off and it's so the press is so gullible they're just in there laughing all the time they laugh at these press conferences by the way the guy sometimes makes a funny joke just like Obama you know this does always have human but the press corps always so ready to haha so funny so Bernanke comes out he says you know its really bad situation and I just want you to know that even my family home that I grew up in has been foreclosed on like guys billionaire Billionaire and the press goes whoa a billionaire, and he has the audacity to say that Hope yes my case would be the audacity of dope My family home has been foreclosed on geez ah disgusting

CHAPTER 14 / 32 Discussion

Allen Stanford, SEC Investigation, Drug Cartel Money Laundering

The fraud investigation into Allen Stanford is compared to the Bernard Madoff case. Allegations surface that the FBI was investigating Stanford for laundering money for Mexican drug cartels, leading to friction with the SEC. The timing of the news break is questioned, suggesting it may be a distraction from other financial news.

allen stanford· sec· fbi· money laundering· mexican drug cartels

39:01 I think you're getting a little too into this. Well, you're right because what...I see it happening You know so how do we distract attention away from the real news? So one way Is to say, hey we found another Madoff. Because the press loves it that's all the press will talk about it. This new Madoff by the way is a million times better than the old Madoff Well of course because it involves... The first Madoff had no drama he basically got caught gave everybody the finger moved into his Park Avenue apartment which was huge and he's living it up He never, he was 70 years old and didn't go out much anyway. This guy at least ran away you know that's kind of cool I like that. You know the latest right? What's that? He was under investigation by the FBI For drugs!

39:47 Yeah, maybe a money laundering operation. They got pissed off at the SEC for busting him because they were surveilling him I guess trying to catch one of the most violent of the Mexican drug cartels? Does this not prove my point which we've discussed on this program many times that Wall Street is nothing more than a laundering operation for drug money? Here's the proof right there and let me ask you this who broke this story where did this story come from all of a sudden because apparently that the guy's attorneys for Stanford went to the SEC last year, so that could be December but I think it was around November. So they were sitting on this... No no he was first being looked at in 2007 Yeah for the drugs but not by the SEC Oh for the drugs right But the SEC was sitting on this information as well and now all of a sudden its breaking news and there's a lot of stuff happening which is meant to cover up Who broke the story? Where did it come from? Why is it all of a sudden news

40:46 Well, that's a good question because these things seem to be leaked out in some sort of concerted effort. Now I knew about this because Horowitz and I had talked about it on our podcast before it broke because he has a friend working there who by the way he said he did have his friend who is working there had to call him back like couple days ago and describe this scene where the feds come plowing into the office basically kicking down the doors pulling out all the plugs you know, rounding everybody up and telling them to get the hell out. He says which was very unnerving. No kidding!

CHAPTER 15 / 32 Discussion

Allen Stanford's Flight Attempt, American Express Black Card

Details of Allen Stanford's attempt to flee the United States are discussed, including a reported incident where his American Express Centurion (Black) card was declined while trying to lease a private jet. The conversation explores the requirements for such high-limit credit cards and Stanford's ties to Antigua and professional cricket.

allen stanford· antigua· american express· black card· private jets

41:26 Yeah, that's definitely one of the top for the financial folks. This has got to be one of them more interesting things The guy is taking off he's tried to get out of the country He apparently tried to rent a jet you know private plane helicopter I heard he tried to rent a helicopter and his credit card was denied I didn't hear about the helicopter But I know about the Jet was trying to fly to Antigua which doesn't make any sense if you think about it because they're gonna kill him when he gets there yeah I mean the cricket team that he owns will kill him. Now this is why it's big news over here in the UK because of the cricket team sponsorship and this guy was a sir, they literally carried this guy around you know idolized and on Dvorak dot org slash blog i saw great story and accompanying video should go there to take a look at it

42:15 of this guy hugging Nancy Pelosi and Bill Clinton, you know. Of course Bill Clinton I believe the biggest drug trafficker in our history just go look up Mina Arkansas you'll learn more yeah he was pimping him out it's disgusting disgusting it's just more proof for me that the whole thing is a fractal so anyway apparently went to get this jet and threw down his American Express black And they just ended the car loan and it got declined. Yeah Which is not supposed to be possible That's funny if you have an American Express black which by the way for anybody out there You have to have some you have to be invited you have to have so do you have to have a like a million dollar? Year income or more Or something, and then you have to have any at the pay I think the fee is ten thousand dollars a year

43:13 Just to have the card. Yeah, which is like why would you have this? What is the point what's wrong with the green card it works nothing That's how guys get laid With a dump the dummies that you know that they probably get laid by there I don't know what a black car or I guess the gold diggers would know what it is yeah You would get laid by them so anyway. I'm sorry go ahead So anyway, it seems to me that the whole... The guy's now I figured he's you know rigged up everything. You know he's got his uh He had his war chest. He probably has a half-a-million in cash they grabbed put in a Chevy Capri and drove across the border who knows?

CHAPTER 16 / 32 Discussion

Ken Lay Death Conspiracy, George W. Bush, Paraguay Property

A conspiracy theory is posited regarding the 2006 death of Enron CEO Ken Lay. The suggestion is made that Lay may have faked his death to live in seclusion, possibly on property owned by George W. Bush in Paraguay. The lack of a public funeral and Lay's close ties to the Bush family are cited as suspicious factors.

ken lay· enron· paraguay· george w. bush· conspiracy theory

43:56 Yeah, it's pretty amazing. They'll track him down? Of course they will and they'll make a big deal out of it And he'll wind up in Paraguay with Ken Leigh from Enron who of course is not really dead You know, it's funny you should say that because I've always been suspicious about Ken Lee actually being dead. Oh he's not...I don't believe he is dead Where was the funeral? Was it a huge thing and did everyone come out or were people protesting what happened He just got a heart attack, died in his sleep Or on his way It wasn't like there was public collapse No, I think they protected him Well, he had enough money. Well he was George Bush's best friend I mean he flew on his whole campaign and he flew on his jet! Yeah if they could get him out of the country in some way yeah No i agree I'm not saying that Hold one second John hold on one second Hey babe Hello My wife just landed she wants to call and say she landed Sorry about that Ill put it on silent Was she in a airplane? I think she was in the car I hope she was in the car Let me just tell her okay So um

45:12 Yeah, the Ken Lay things I've always been suspicious of. In fact, I was thinking of doing a novel about something like that where the guy's living in some Costa Rica or you could probably do it in Paraguay. Uruguay? A lot of Nazis went to Uruguay. Well, Paraguay! That's where Bush has all that property and that's why he is there. He could be sitting... Ken Lay was down watching the Bush property in Paraguay Aquifer and he was like that. He was in that house who would care know who he was or anything? No nobody Nobody no you know all he has to do is grow a beard so this is this is where my theory comes in that

CHAPTER 17 / 32 Discussion

Barack Obama's Teleprompter Gaffes, Professional Cadence

The technical aspects of using a teleprompter are discussed following a gaffe where President Obama reportedly mispronounced "wreak havoc" as "wrecking havoc." The difficulty of "cold reading" and the development of a specific "announcer cadence" to mask reading errors are explored as professional broadcasting techniques.

barack obama· teleprompter· cold reading· linguistics· public speaking

45:57 Obama is, well you know I believe he's an actor but this whole administration is Clinton Bush people. So they're just there including Hillary so they're still in the game you know it's just a new guy and he's not in the White House He's traveling around all over the place he's still campaigning giving great speeches does fantastic job makes everybody feel good And I've just got to presume that either Manchurian or he really doesn't know Because he really, really pulls it off. And I... It's like he does believe that what he is doing is good. Well, he's as cool a cucumber Although I had to laugh at a... W-R-E-A-K, wreak Is that wreak? As in wreaking havoc? W-R-E-A-K Yeah, wreak Wreakin' is wreaking havoc, I think is maybe But do you pronounce it that way? Reek? R-E-E-K But you pronounce it reeck

46:54 Think so I don't think that yeah, you must because of the Obama speech He misread it and he said wrecking havoc. That's all kind of funny Right and then a or an e could easily look like a C So I think if your reading from a prompter It's easy to mispronounce that you can make that mistake easy unless you practice unless you practiced it You probably surprised starting half the cold read cuz he's so busy this will be interesting As anyone who has ever worked on a prompter knows. Cold reading is, you've got to work it for awhile baby before you can do that perfectly. It's tough! Yeah because actually it's an interesting trick and its not easy to get to it I mean it takes years and he's not going to have enough time And one of the problems as your reading the word You have to pre-read the word ahead and then make sense of it so your cadence is correct

47:51 And that's why you find a lot of professional announcers, they've developed this strange cadence. They all have the same one. It's like it's da-da-da-da... Exactly! You need this certain kind of pace because if you screw up it doesn't sound that bad if you have long pauses It just sounds as if that's the way you talk. And yeah, you could say wrecking havoc. There'll be some other gaffes then because those will be recordable. From Gitmo Nation East I'm incensed about this so you recall that there was and there is a whole back story to this which i won't get into but there were seven or eight

CHAPTER 18 / 32 Discussion

Liquid Explosives Plot, UK Jury Discharge, Civil Liberties

The discharge of a jury in the trial of men accused of a 2006 transatlantic aircraft plot is discussed. The "legal reasons" for the discharge are questioned, as the previous trial failed to produce convictions for murder conspiracy. The case is linked to the permanent implementation of liquid restrictions at airport security checkpoints.

transatlantic aircraft plot· liquid explosives· tsa· civil liberties· bbc

48:42 so-called radical Muslims who were going to mix up explosives on the airplane and bring down multiple jetliners headed towards the United States. And of course this plot, this evil plot was foiled And on the heels of it, now worldwide you have to put all your liquids into a little baggie no more than 100 milliliters and you have to jump through all kinds of hoops. It's real pain in the ass So last year these guys were basically exonerated because the jury could not convict them of even an intent. They did have chemicals but they could not convict them of mixing stuff up, they did not have plane tickets and most didn't have passports. No plane ticket! Yes true so they dismissed him and now all the sudden out in blue and the press is doing nothing about it, BBC is the worst

49:39 The jury in the trial of eight men accused of conspiring to murder by blowing up transatlantic airliners has been discharged for quote legal reasons. Legal reasons! Could you elaborate on the legal reasons please? It is not yet known why the judge, Mr. Justice Enriquez took his decision to discharge the jury so it's like hey we didn't get him this time to prove that you have to be our slaves and put all your liquids into a fricking baggie We're gonna just do over and we're just going to dismiss the jury for legal reasons This outrage

CHAPTER 19 / 32 Discussion

Stock Market Volatility, Dow Jones, Gold Prices

The Dow Jones Industrial Average's decline toward the 7,500 level is monitored in real-time. Technical analysis regarding market "floors" and fractals is discussed, alongside the rise of gold prices toward $1,000 per ounce. The hosts express skepticism about shorting gold in the current economic climate.

dow jones industrial average· stock market· gold· fractals· technical analysis

50:16 And people don't even remember that this case was already tried. They couldn't convict him and they just do it all over again, and the media just sits there going oh legal reasons. It's legal reasons so... Of course its legal reasons you know why even listen to legal reasons? Just makes me... The Dow just hit $74.99 Adam Curry John C. Dvorak The Dow just hit 74 agenda The Dow just hit $74.99 Jury dismissed for legal reasons This is no agenda Sounds good, doesn't it? So its up You know what I mean, there's probably nothing wrong with that Is the Dow up or down It's down What was again 77? No $74.98 now Remember I called 72.86

51:06 7286 by February 14th. I came so close it'll go down It'll go down even well if he cracks if it did that If you do now, it's done this dip see-do once before now the way it did a fractal Is that it should go down maybe another hundred points and then rebound tremendously or It falls through the floor and then we have a new floor, which I don't like the idea because I recall that the bottom on November 20th. And I'm not the only one who did that so but it'll be embarrassing. That's okay is like to stock market you know yeah yeah I missed it nobody gets right so what difference does it make? It's all bullshit! Have you seen gold? Gold is up! Yeah this tipping...it's just ticking $1,000 an ounce now

CHAPTER 20 / 32 Discussion

Bill Clinton, Library Funding, Saudi Donations

The funding of the Clinton Presidential Library by anonymous and foreign donors, including Saudi interests, is examined as a form of legalized bribery. The high speaking fees earned by Bill Clinton post-presidency are characterized as "quid pro quo" payments for deals made while in office, bypassing traditional corruption laws.

bill clinton· clinton presidential library· saudi arabia· speaking fees· political corruption

51:49 Yeah, I know. So I talked to a lot of people who say oh you know goal's too high think I'm gonna short it and I'm thinking well... I don't think so. That may not be a good idea So, uh... Well let me go into some since you mentioned Hillary being in the administration which showed her floating around and I thought it was going to be a controversy putting her in because you know the connection between her and that Clinton library is still something that you know there. I think the Republicans were hoping she's gonna get nominated so they could start digging into this thing The Clinton Library which is funded by unknown people And the fact that I think Clinton is worth like a hundred million dollars all of a sudden or something like that supposedly from his speeches. Well, does any of this make sense to anybody? He makes... he does about 250 thousand per speech and then yeah it's like 200 may have gone up a little bit Yeah well here's what i'm thinking So its possible What kind of corrupt system do we have when..I don't care if the guys he's not president anymore and fine you can go out make some money

52:52 But the fact is, what kind of deals can you do while you're in office to avoid the Spiro-Agnew effect where they actually ask people to bring a bucket full of money into your office so that you could put it under your desk. Apparently Nixon had a pot full of money that somebody brought him too. That's black bagging! It's economic hitmen tactics. Black bagging, yeah. So instead again... because you get caught doing that Because there's always somebody suspicious. But you do these deals, you say yeah I don't know and once I'm out of office maybe if somebody booked me about five let's see in your case I'd say if I got booked five speeches one at 500 and the rest at 250 that would make up for it

53:36 And oh by the way, I have this library. Yeah exactly It's just that's really closed off you know and it but there don't it's looking for donations if you understand yeah Donations You know what? I'm saying donations. Hello. Hello donations. It's a tax-deductible donation no less well, it's coming from you know the Saudi to Saudis they don't need the tax deduction but him is they think that most of the Library money is from So the real scandal, I'm looking for the link. You don't think that's a scandal what i just described? No no that's peanuts! That's peanuts! Do you realize that over 150 billion dollars

CHAPTER 21 / 32 Discussion

Iraq War Cash Shipments, Missing Billions, Money Laundering

The disappearance of billions of dollars in physical cash sent to Iraq on pallets is discussed. Personal observations from Iraq describe a lack of oversight where local individuals were handed fistfuls of dollars for undetermined purposes. The scale of the unaccounted funds is cited as a major national scandal.

iraq· department of defense· cash pallets· money laundering· military spending

54:19 that was sent in cash to Iraq is unaccounted for, is gone? Oh yeah. 150... I didn't know it's that. I thought it was only 50 billion or so. Who's counting and you see all these pictures if you google cash Iraq You see all these pictures of pallets full of dough. Yeah pallets of money And soldiers taking pictures and laughing and stuff which Of course I do the same thing obviously but I've been hearing for a long time rumors about senior senior officers getting huge payoffs. And I witnessed some of, not the payoff bit but when i was in Iraq, I saw how this worked and it's literally there is a huge pallet of money that comes in and then there is guy who sits behind a desk and people come in you know locals and they are given dollars

55:09 And then for whatever purposes, you know whatever is determined right they get a fistful of dollars and they walk out and the money's just sitting there. I mean how... Of course! How can this not be used for all kinds of inappropriate reasons? I think that's that's the scandal man That's the big scandal. That's why we're broke over here Here it is We are shipping our money to Iraq and giving it away What kind of thinking is this It's frightening. Why don't they ship us the money? I wouldn't mind walking, I'd stand in line and a guy hands me a pot full of hundreds you know here's a...here's a..you know have yourself yours ten grand Because it's all because you don't need to be paid off You're not important enough They'll just kill you They'll just suicide you So we need to get more subscribers We've gotten 100 so far Really And then we need 10 thousand Well first of all thank you everybody who is supporting this show

CHAPTER 22 / 32 Discussion

No Agenda Subscription Model, Listener Support

The hosts discuss the financial sustainability of the show, aiming for 1,000 subscribers at $2 per month to cover bandwidth and production costs. They thank the first 100 donors and mention plans for a one-time annual donation option. A brief mention of a potential correspondent in Dubai leads into the next topic.

no agenda· crowdfunding· subscriptions· bandwidth· dubai

56:07 Go to Dvorak.org slash NA to donate, we appreciate it and the reason why is our money will be gone just like yours so we need to save up a little bit because it will need to buy bandwidth and all kinds of stuff So we need to get a thousand subscribers for starters and we've got, we might be able to do that in 10 weeks. I wonder... And then it's $2 you know it's a two dollar month thing We get the listen to show twice You get the list anyway free if you don't want give us anything Yeah thats fine too That cool And also next by Sunday probably have a secondary thing because there is bunch of guys are written saying yeah I like this idea I just wanna give me some money to just one shot

56:49 thing like you know twenty four dollars for the year rights and that's all set up okay that's cool they will take it in any way when i was there were some of this was to give us money you know they'd like uh... as in the clinton library yeah somebody from by case canada for a good org slash libraries library It's for the only somebody from Dubai feels obliged. We'll probably, you know back off on our complaining although there is not much to complain about I got a guy in Dubai just wrote me by the way and we're going to try again to be a correspondent. Dubai is screwed though man! So when I was in Lisbon I was hanging out with this guy from Dubai

CHAPTER 23 / 32 Discussion

Dubai Real Estate Crash, Abandoned Cars, Sharia Debt Laws

The economic collapse in Dubai is highlighted, specifically the impact of falling oil prices on real estate values. Due to strict laws where unpaid debt can lead to imprisonment, thousands of luxury cars have reportedly been abandoned at the Dubai airport by fleeing expatriates. The difficulty of finding skilled labor in the region is also noted.

dubai· oil prices· real estate bubble· debt laws· abandoned cars

57:32 And he was telling me about that Paul, I mean they got all these real estate developments and apparently when they started some of these things you can buy a house for $350,000 and then they went up to like five or ten million dollars in value. And then it crashed! They have a crash going on over there. He says but the house is still worth like two million even though it was up to 10. He says the place is completely insane. Well, it's insane because there is no more money. Oil has been below $33 in change the other day. It has been below $35 for weeks. The oil producing nations are losing their shirts! Well that is cause they budgeted wrong. They should speak. Yeah well they budgeted somewhere between 50 and 150

58:20 And from what I understand, it's got to be at least 50 bucks a barrel to make any money. Because it really is... No that's not- if you talk to the Saudi guys they say they get out of the ground in two bucks Yeah yeah but okay well my understanding from guy I know at Halliburton company here Is that it's really on if you do it in the sea? It's about 50 to $50 a barrel and out of the ground about 40 That's bullshit because the historic price has always been 25, and the guys in Iran they do watch mana Jodi says that they're budgeting for $25 oil so that's not but this is infrastructure, but it's the infrastructure. You know it's and

59:00 And everyone's, it's been bloated. You know the whole if they started over again... Maybe they have to get these high prices to pay for what they've built up. It is impossible to find talent that's my guys are a recruiter trainer He says impossible. It's impossible to find talent that now getting idiots and they're training him And you know he asked me all the time You know how do you make video conferencing work so it'll actually be effective? You know because he's really trying to train it is an army guy So he just resorted to Army training, you know repetition repetition So Huh, but Dubai there's thousands of cars at the airport abandoned because in Dubai Oh yeah to get a picture of that Yeah if cuz in Dubai If you don't pay your debts like your house or your car payment You go to jail they don't just take the car away. They throw you in jail This is a serious serious shit So all these and they use a lot of contractors and freelancers so all these people are just like bugging out going to the airport Hopping on a flight leaving their car There it's thousands of cars at Dubai Airport

1:00:06 Wow, let's go get a couple. Yeah! There is a country I want to mess around in that'll be fun Oh it's not bad i've been there. I've been there too It's not bad. Yeah, but you don't want to mess around with the law Well you don't want to mess around now talking about messing around I think we should get one of those...I mean they got to do something with those cars. It's called theft! They'll give you just the flesh wounds. The country itself will have to reclaim those cars and i can leave them at the airport forever and then they'll auction off and we should pick a couple up there's probably a couple Mercedes who knows or maybe a Bugatti sitting in the air. I am so amazed by your priorities I need a new car. Now that, I'll agree with! If we have anything left over from the library fund we will get you a car We'll get you some new wheels Oh boy So anyway what else? Well under reported is this green comet Uh oh so were gonna go there already? NASA reported February 4th

CHAPTER 24 / 32 Discussion

Green Comet Lulin, Solar Winds, Meteorite Incidents

NASA reports on the appearance of Comet Lulin, a rare green comet passing Earth. The discussion covers the chemical composition of the comet's gas field and the potential for solar winds to disrupt GPS navigation. A related story involves a "hot rock" or cast-iron object crashing through a roof in New Jersey.

comet lulin· nasa· solar winds· gps· meteorite· new jersey

1:01:19 that, and they have a picture of it. There's this like green comet that all of the sudden just appeared on everybody's radar and its pretty spectacular. On curry dot com I posted the picture but you know the comets can do interesting things It is of course approaching Earth. I don't want to say we're going to get killed by a comet but... An odd greenish backward flying comet is zipping by Earth this month Why is it greenish? Because I mean, there are different salts. It's the gas. I believe it has a gas field the size of Jupiter So the gases... The gas itself without being excited by oxygen which is normally how you get these colors right You got some salt and burn it and its oxygen and then turns green Right That's how you get those little logs that have colors colorful flames Get green red blue But this is just green by itself

1:02:22 Well, also you know people have been reporting and what is this backward green count makes one time only But what it has it could be one time if it's gonna go by. It's got to go around and around I don't know but this is Remember we were talking about the British French sub collision right no No, maybe we weren't talking about that That just happened, but yeah. What about it? Well there's a theory out there that this comet... we have had some massive solar winds recently and some other things in this comet People are seeing debris green flashes of light in the sky throughout the world And that shit can... particularly solar winds, that can disturb GPS and other types of navigation equipment. Oh yeah, all kinds of problems Well that's an interesting theory

1:03:20 Well, no those guys claim of course then again who knows what really happened with those two subs bumping into each other They said that they were supposed to do something. They both turned off all their Sensors and then they bumped into each other What were they turning their sensors off for it never made any sense to me? They were running was the point there were running silent and deep So what was the point would they were supposed to meet up or something? The whole story is kind of vague that of course I don't know but there's from all over Kentucky green light in the sky Let me see, that's a lot of Kentucky there. Interesting... Some object crashed through a house in New Jersey A hot rock? The hot rock yeah I was amused by that. The size of a brick! We put it on the blog some guy said some hot rock came from nowhere they said it was

1:04:09 And it dropped into the guy's house and you know direct his roof, and it was so too hot to touch for a while I'm thinking sounds like a meteor to me But everybody that came in so no. No it was forged It was like a piece of four years like it was yeah now what do you call it? Cast iron yeah cast iron. I'm sorry not forged this different Yeah Was cat was a piece of cast-iron that hot cast-iron that came plummeting down from God knows where oh I don't know how that, I mean comets are kind of like... or not comets but meteors have a kind of cast iron quality often. I've looked at enough of them Right so that would make sense because this is a meteor and But if it was a meteor it would have had an explosive effect when it hit It just kinda came clunking down I dunno what a meteor's doing that Anyway they come in pretty fast On curry dot com there's a link to the NASA story NASA reports this So I'm sure there has got to be some truth there

CHAPTER 25 / 32 Discussion

UK Police State, Photography Bans, Section 44

Stella Rimington, former head of MI5, warns that the fear of terrorism is being used to erode civil liberties in the UK. New regulations under Section 44 of the Terrorism Act are discussed, which allow officials to prevent the public from taking photographs of police officers or government buildings.

stella rimington· mi5· civil liberties· section 44· photography· police state

1:05:05 Although you gotta question everything. You probably blogged about the Stellar Remington, former head of MI5 in the UK? Oh yeah! You can not blog... I didn't make a specific post but have a link to it. Right. Warned that the fear of terrorism is being exploited by the government to erode civil liberties and risk creating a police state. Creating one?! Is this like one of those save or create jokes? It is a police state. Good honor though for coming out We did blog the fact that it's now illegal to take pictures of policemen Yeah, I know under the terrorism rule Act 44 or whatever it is A policeman can force you to stop taking pictures

1:05:56 It's not necessarily illegal, but now they've just added to the section 44 that if a police officer... it's not even police officer. It can be a politician even! It's anyone who is an official within government They say stop taking pictures you have too or you can get arrested So voila! So what do you think of the Green Comet? I don't know. Is it maybe a publicity stunt for Comet, the detergent, the cleanser? Because it's in a green can. No they need more viral videos for it to be a publicity stunt. See if I was working...I don't know who Comets made by Procter & Gamble or I don't know could be any one of them but I would be on that in a minute The Green Comets come with a green comet and then have a can of you know Comet Cleanser

CHAPTER 26 / 32 Discussion

Global Leadership Prizes, Tony Blair, GPS Road Pricing

Tony Blair's receipt of a million-dollar prize for "global leadership" is viewed as a delayed payoff for political favors. In related news, the UK and New York governments are reportedly hiring fired bankers. Additionally, a plan in the Netherlands to implement in-car GPS tracking for per-mile road charging is discussed as a privacy concern.

tony blair· global leadership· treasury· gps tracking· road pricing· netherlands

1:06:56 I don't know what they're thinking, how they can let this go by. Speaking of gigs we don't have but should... This is a green Aurora! Uh..I've seen a green Areola that's different. Charged particle motion in Earths magnetosphere and this is a green one some guy took a picture of it. There you go its magneto stuff man there all kinds of stuff going on But no one talks about that isn't that interesting at least? I mean I'm not saying there's uh... Yeah this could be distracting You know your looking for stuff to distract people from the Obama handout to the rich No, because it's not interesting. People aren't interested in that they're interested in high drama so you get this Stanford guy

1:07:37 who has put up like $20 million a match, you know the million dollar man match as prize money. No that's his cricket thing. Cricket I'm sorry and you have to understand that most sports are sponsored by banks. Banks insurance companies and telco that's pretty much it And now you've got the Aston Villa guys, the footballers are not getting paid because sponsors are pulling out left and right. You know Formula One sure that's logical as a most expensive sport in the world but now regular sport is going to go down the tubes and it will reset a couple salaries as well I'm sure because this has just gotta stop. Gotta stop advertising Tony Blair won a million dollar prize for his global leadership He needs the money Isn't that amazing?

1:08:31 That's how these guys do it, that's how they get their money. So yeah you get it after the fact You do your deals and make your... It's all quid pro quo Everyone remembers They keep a little book and say okay we are... Blair is still down 1 million How are we gonna get to him? I got an idea Hey Tony! We'll make ya whole man don't worry We'll make ya whole on the back end Both in the United Kingdom In London And New York Governments are now hiring fired bankers The Treasury Department in the UK is literally hiring bankers who were fired to come and work for them. That's a making hole if I've ever seen one, same in New York it's all the same everywhere and you blogged about this thing about the In-Car GPS charging by the mile that they've been pushing that for seven years in Europe And its gonna happen! They bought...I think it's 2011 It's going to start in the Netherlands

1:09:33 and everyone's up in arms about being charged for flushing the toilet. We went through that, remember I looked at my water bill? And they charge me X amount per 100 cubic whatever is coming in and they charge me the exact same quantity for going down you pay a sewage charge! It's stupid No no it's a rip-off Well its'a rip off Yeah I know they just double the rates with some bogus excuse You know, if there's a water shortage or anything you pay for usage. You don't pay for discharge What are you supposed to do with this stuff? Yeah, you pay for it If you drink it, you pee it out I mean It's always going to go into the toilet But the nasty thing is they have no... They're just saying okay what came out we're gonna charge you for that going down but you know I make tea, I drink water use water for all kinds of purposes It can never be the same as what came out of the tap

CHAPTER 27 / 32 Discussion

G20 Summit, IMF, New World Order Rhetoric

The upcoming G20 meeting is framed as a move toward a global banking system managed by the IMF and World Bank. The hosts note the increasing use of the term "New World Order" by various world leaders, including Gordon Brown and Mahmoud Ahmadinejad, though they acknowledge the term may have different regional meanings.

g20· imf· world bank· gordon brown· mahmoud ahmadinejad· new world order

1:10:28 Yeah, never. Unless you're just running the tap And they don't have a meter on it They tried to install one of those smart meters I'm not responding...I don't want it Oh yeah Avoid like the plague Like this is free You get a new meter It's really time for a new meter and I'm like I am NOT here! I am NOT responding to that Well unless if you do enough research in advance then you find someone who has hacked the meter Uhh..I got so much to do man I'm saying for people out there who want to save money. So here's what Here's what? I think the strategy is and i've been watching Particularly, you know so now we have the the g20 Who are meeting and they're also known as The Drinking Club That Japanese guy was fed. I had to put him on me vo today. I love that guy I've been in meetings like that We've all been in meetings like that with hi what?

1:11:28 Particularly consulting from Microsoft, like eyes kind of go into little slits there. What do you think Adam? I think it's a fantastic idea but it looks like the global bank that they're pushing for so the bank that will run all of our banking and thus our political system looks like the IMF is sticking its head up along with the world. This is their turf! Yeah this is what they do The IMF and the World Bank which are I think pretty much interconnected. And by the way, the World Bank makes sense because the names already there you've got the brand, you've got the domain name... They managed to put out world savings alone in the world bank all these companies that were named world here in United States they have been forced out so we do so the name is clear for their website So heres one All they need to do was call it The New World Bank

1:12:24 I think that's a bit much. Because the new world, it sounds too much like New World Order is that term? Dude everybody is using New World Order! Everybody is using it! Al Medinajad used it the other day He said we need a new world order. I thought he was supposed to be one of the bad guys Well, what they talk about in Iran when they talk about New World Order is not fully understood here. I read a sociological piece which I kind of mistakenly did not make a copy of but it was done by one of the top guys at Tehran University or whatever the big school is there and he was... This was written... Tehran State?

CHAPTER 28 / 32 Discussion

Iranian Geopolitics, Tehran University, Paraguay Safety

A sociological theory from Tehran University suggests the Muslim world could replace the Soviet Union as a competing global power center against the West. The discussion briefly touches on the safety of various countries, contrasting the modern reality of Iran with the perceived security of Paraguay for those seeking to avoid global conflict.

iran· tehran university· communism· islam· paraguay· nuclear war

1:13:03 It was, it was terrible. We need a hoodie from Tehran State everybody! They probably have them I'm sure they do we've got iPods so well i just got a hoodie from Richmond Virginia and I got one from Oklahoma anyway the and I credited them on the twitch I don't have their names in front of me anyway I'm trying to get one from Florida. One just came, never mind, I don't want to get on that but anyway this guy went on and about how with the collapse of communism he says there needs to be you know again they showed you had these diagrams about there has to be these conflicting worlds uh... and is no reason why the muslim world can take the place of the communist world in this regard and is no reason it can't be led by Iran as the brains of the operation

1:13:49 to compete with the West, namely the United States being the brains of that operation. There was this long argument about how important it was to have these competing theories of life basically and theories of government, and theories on how things ought to be. That keeps things in a kind of tense... keeps things in a kinda flux. And he went on and I thought it was very interesting that was all oriented toward the creation of a new world order which replaced the Russian Communist Soviet Union with this Muslim Iranian centric you know

1:14:34 development or whatever you know, or creation. That was the New World Order in his mind and when he says New World Order that's what he is talking about. Okay well it's Gordon Brown definitely needs something else when he is talking about it I think there is a difference in their meaning Interesting! I think let's hope Yeah who knows yeah Iran might be good place to go I don't know about that It's a great place. There are beautiful people, it is modern... I haven't been there my wife has but really i don't know if that's a good place to go. Well Paraguay is the answer. Now I know for sure that's a good place to go if you want to be safe If you wanna hang out with cool people and the only danger is you get nuked then Iran might not be that bad. No no no Iran. No Paraguay isn't gonna get nuked of course not

CHAPTER 29 / 32 Discussion

State Sovereignty, 10th Amendment, Medical Marijuana

The financial crisis in Kansas, including suspended tax refunds, leads to a discussion on the 10th Amendment and state sovereignty. The conflict between federal law and state-legal medical marijuana in California is highlighted, with criticism directed at President Obama for not using executive orders to stop federal raids as promised.

10th amendment· kansas· california· medical marijuana· barack obama· executive orders

1:15:27 Kansas suspends income tax refunds, may miss payroll. You know these states we talked about that briefly last week I've looked into that a little bit more it's actually a very beautiful thing that's taking place the way the United States work the federal government really works for the state you know when the original 13 colonies got together they did the whole The whole thing is an agreement between states and states can pull out or they can invoke the 10th amendment and say, hey you know that law or something you set up there we're just going to ignore that. And you can't enforce that on us. That's legal I believe Well i know they are having a big battle about that here in California because medical marijuana is legal here and million guys have setup shop Hey man Obama was gonna stop that stuff man

1:16:20 And the Feds have been harassing these people and Obama has stopped the harassment, right? No. The harassment continues! They keep getting rolled up... Wait a minute. Obama said he was going to stop it. He's already issued more executive orders than any other president in his short term Why doesn't he just issue an order?! Stop it! Adam Curry John C. Dvorak This is no agenda Bringing you the promises from the President And it's just the S-T-O-P, that's four words. It... I... That's four for six! Six words or six letters i mean. Six crummy letters stop it! Stop it Obama! Stop it! Let me give you one last bit because we should wind up. We're on a high now and really after the Peter Orszag story you know what left of the show was there really to do? Absolutely. Since since you have

CHAPTER 30 / 32 Discussion

Russian Sinking of Chinese Ship New Star, Nuclear Warhead Rumors

Russian sources report the sinking of a Chinese-registered cargo ship, the New Star, by the Russian Coast Guard. Rumors suggest the ship, which was bound for Seattle, may have been carrying a missing nuclear warhead from a Russian Topol-M missile. The lack of Western media coverage on the incident is noted.

new star· russian coast guard· seattle· nuclear warhead· topol-m· vladivostok

1:17:21 interest in the state of Washington. Now this is coming from Russian sources so take it with a grain of salt they do have video I don't know if it's you know, if it's really current but apparently Russian Coast Guard and naval forces were forced to sink the Chinese registered cargo ship New Star bound for the US port of Seattle after it refused orders to stop and be boarded over fears it was carrying a missing nuclear warhead from Russian Topol-M intercontinental ballistics missile. How did I miss that story? Because no one reports on this, and you were too busy trying to figure out how the guy's black card could be refused like every other fucking journalist in the world! And...I don't mean to put you down but

1:18:16 Wait my bitch nigga buy your own damn fries, so I'll blog that as soon as I find it send me a link Okay. Well the video is pretty amazing because they blew up the thing and they shot at it And then it sinks bow first and target practice It probably is but that's kind of scary Yeah, you know they probably called them up and said hey we want a board against all don't speak English boom Right well no. They didn't blow it out of the water It doesn't seem like a good thing to do if it's got a nuke on board You know they apparently shot 500 rounds into the bow and just got a hole in it then that sank But that's uh that's pretty scary a missing nuclear warhead so this is the this is Russian Russians reporting this about their own Russian missing nukes booth I

1:19:19 Huh. So that's not on the Seattle... so you didn't find that in the Seattle... wait a minute, let me get this straight You didn't find this story in the Seattle Times on the front page or the Post Intelligence or on the front page? You found it in a Russian newspaper? Who did you call Mimi ask her to look at the paper I can look at the papers online Maybe it's in there Well maybe it is! I think it would be a bigger news story than just you know..I don't think we'd go around blowing up cargo ships left and right Think it would be like you know we talked about a little the Russians did it though the Russians blew up the cargo ship Oh, the Russians blew it out because yeah rushing coast off our coast let me see where it was It was bound for Seattle. I must have been off of Vladivostok or something if probably close to Russia coming from China I don't have a well that's a scandal if it was headed to Seattle no wonder There's all these crazy Border Patrol guys up there Yeah, they should well

CHAPTER 31 / 32 Discussion

Denver Airport Conspiracy, China War Theory

The hosts briefly revisit conspiracy theories surrounding Denver International Airport, including its deep underground layers and covered runways. A theory is mentioned suggesting Denver could serve as a strategic front in a future conflict with China. The segment concludes with a critique of the "Making America Work" slogan.

denver international airport· china· underground bunkers· runways· conspiracy theory

1:20:26 You know, there is a uh... you know the whole Denver thing that we were talking about. There's a... Yes, we have to talk about that more on Sunday. Because I got some good information from people about you know that airport has eight layers it goes deep into the ground and its go weird shit going on there. Told ya runways covered up but Denver is some significance there And now look at will talk about on Sunday I'll look at my links as well But there was all kinds of stuff about China and that Denver would be the front in the war against China Yeah, it doesn't sound right. I don't get them all and never bat a thousand But I do well enough for you to come back twice a week Yes And I hope people appreciate this shows and they give us some Some encouragement by going to DeVore Act org slash na so not to keep setting You know begging for money which is work? I'm gonna have to do for the next year and and people out there listening to this show and you listen for a reason You know

1:21:32 Twittering and discussing and arguing about me and Leo Laporte is stupid and useless. Okay? Focus on something important, like a sign that says making America work and give me your interpretation of that focus on those things the stuff the mountain that's right in front of your eyes what is going on what does that mean making America work Do you say it like, making America work or making America work? Does that mean we have to work or is the machine working. How about making America... Work! I'd like that one. That would be good with the big brother picture From The Ministry of Truth? It's two sentences Making America and then work with an exclamation point Wow fantastic You got anything else

CHAPTER 32 / 32 Discussion

Show Outro, Inside the Meltdown Documentary, Sign-off

The show concludes with a recommendation for the PBS Frontline documentary "Inside the Meltdown," which highlights Nancy Pelosi's political power. The hosts exchange final banter about their respective locations in London and Silicon Valley before signing off until the Sunday episode.

nancy pelosi· frontline· pbs· adam curry· john c. dvorak· silicon valley

1:22:28 No, I'm done. Really? That was good! I just wanted to get in that thing about the you know these tax breaks for the rich really bugs me Well it's uh... You know what? I can't parse it And by the way Pelosi is a mouse that could get her kicked out of office Pelosi is definitely running this show Did you see that Frontline documentary? You've got to watch that On the economy Yeah, it's called Inside The Meltdown and then oh I loved that It was really good and you see how powerful Pelosi is Yeah. She's very, very, very powerful. Yeah she could probably shut down this show. She or Jackie Smith over here the secretary of the home office could easily shut us down so enjoy it while you can yeah and remember- Short term thing for all we know And remember two bullets to the head cannot be suicide just in case you need to know that Hey John that was fun

1:23:37 Yeah, it was fast. It was a fast... Well we're ending about 15 minutes earlier than normal We really have to try and keep it under 130. We're 123 so that's not bad You going the office? What are you doing? I have to go do the Tech 5 Top Five from where I get into the office Oh cool okay You made me laugh on last week's I gotta say You got hookers in there That was pretty cool Ah yeah we tried to get that in once in awhile That was fun Did ya...I pimped you out man On MeVEO Today Good yeah, thanks for watching appreciate it. I watch it most of the time. I don't watch at all the time I watched the one yesterday It started off with something and then there was another Something else and then start up today. I've got Obama's elf that's really funny you gotta look at that Yeah, we have it on the blog. That's where I got it from Material yes highly appreciated

1:24:31 Coming to you from the crackpot command center in Gitmo Nation East and Southwest London I'm Adam Curry, and I'm in the buzzkill command center much more important in northern Silicon Valley also known as California. Gitmo nation West I'm John C. Dvorak we'll talk to you on Sunday right here on no agenda