3 chapters across the catalog
The discussion centers on how multi-million dollar book advances serve as a form of "money laundering" for public officials and Supreme Court justices. Because book royalties are not capped like other outside income, publishers can effectively pay off officials for past favors or future influence. The hosts claim that many of these books do not sell enough copies to justify the advances, suggesting that "friendly groups" buy them in bulk to facilitate the transfer of wealth.
The hosts discussed a new children's book project being developed by a producer, which aims to teach values and the alphabet with a "No Agenda" twist. The book is expected to be 33 pages long and will generate royalties for the show. Additionally, the hosts admitted to being "hoaxed" by a producer regarding a false claim about the next leap year occurring in 2033.
Book Publishing Dummy Contracts and Cross-Collateralization
Publishers often present "dummy contracts" to new authors that include cross-collateralization clauses, allowing the company to withhold royalties from a successful book to pay off debts from a failing one. An unnamed agent in the computer book industry reportedly gained favor with publishers by convincing authors to sign these disadvantageous agreements.
