March 12th • 2h 57m
Transcript
The transcripts of No Agenda are automatically generated and therefore, not fully accurate. Discretion is advised.
Click the text to start playing from that position in the show. Click the timestamp to copy a direct link to that position to your clipboard in order to propagate the formula.
John C Dvorak: hook line and
sinker. Adam curry Jhansi
Devora.
Adam Curry: Sunday March
12 2023. This is your award
winning combination media
assassination episode 1537. This
is no agenda, observing Daylight
Savings Time and broadcasting
live from the heart of the Texas
Hill Country on average and
number six in the morning,
everybody. I'm Adam curry
John C Dvorak: and from Northern
Silicon Valley where it's wet.
I'm Jhansi Dvorak.
Adam Curry: Thank you for that
exhilarating weather reports
from Sun northern silicon. It's
wet. What's weird in Southern
California too. That's gonna
screw up the Oscars.
John C Dvorak: Oh, that's right.
The Oscars are today. Tonight.
Yeah,
Adam Curry: I have a report of
the Oscars but I have a pre
report Hold on a second. Well, I
can
John C Dvorak: tell you who's
gonna win the Best Picture. Tom
Cruise. Everyone everywhere,
everything all the time. That
movie Who's Who is that by? By
this Chinese used to be a
Chinese film. Listen to this
important
Adam Curry: report from now this
was interesting. This is who and
so it's the Indian news service.
Your friend but they cut to an
Indian dude. Reporting on behalf
of Voice of America. Which is
kind of concerning.
John C Dvorak: Oh, yeah, that
makes it sound as though wi O
and maybe a front.
Unknown: You know, this year's
Oscar preparation is very
hectic. Because of the past few
days in Los Angeles. It's been
raining nonstops. So actually,
yesterday, they have a lot of
buckets lying on the floor to
capture rainwater. And Oscar
statues as you can see behind me
like there was covered in a rain
jacket to prevent rain from like
damaging it. And you know, this
year, as you mentioned, is very
different for the red carpet
because it's actually champagne
color. Now according to the
academy CEO Bill, he said that
the reason for this change of
color is because he wants it to
be more luxurious, while Jimmy
Kimmel mentioned that they
wanted no blood to be shared in
this year's Oscar obviously
referencing to the last year,
last year slap when Chris Rock
was slapped by Will Smith. Now
it's time that the Academy Award
has changed its color from red.
In fact, before in 1961, before
that, it was actually green. And
carpet itself is actually 152
meters long, and about 285
kilograms. So it requires 18
people to actually set up and
about 900 hours now the
Hollywood stars will make their
way not gray carpet but this
champion colored carpet all the
way here all the way towards the
Dolby Theater on my left I just
Adam Curry: love the stats that
the commentators have I love all
these little nuggets of
information to let you know that
the red carpet was once green.
John C Dvorak: Oh my 900 hours
because union
Adam Curry: Right exactly. It's
champagne not based champagne,
champagne. It's champagne. Yeah.
It's my way a sponsor if you
John C Dvorak: had a color if
you had a champagne with that
color of liquid in the glass,
you'd think somebody pooped in
it
Adam Curry: oh Ma'am, did you
think that the MO a Shawn Dawn
is a sponsor? Is that why it's
champagne champagne even though
it's beige? There's gotta be
some tie into this Come on.
John C Dvorak: Maybe this guy
really? Got to be well, they're
all they usually serve
champagne. Well actually not at
this event. They're the new
tables again are going to have a
seating what's how's it going to
be?
Adam Curry: By you asking me
like, like, I know, like, like
to report it Entertainment
Television all of a sudden, like
I'm Ryan Seacrest. No, no. No.
And for those of you tuning in
from around the world, as many
do live on Thursdays and
Sundays, big changes afoot here
in the United States.
Unknown: And it's that time of
year again, get ready to lose an
hour of sleep. Daylight Saving
Time is upon us clocks. Go ahead
spring forward at 2am but there
is an effort to make the change
permanent. A bipartisan group of
senators has introduced
legislation that would keep the
same time throughout the year
Adam Curry: over 15 years we've
been doing this merry little
podcast together and it's the
same report every year. Well,
we're gonna we're gonna make it
permanent. We're gonna stop this
insanity.
John C Dvorak: Yeah, every year
before that,
Adam Curry: every and before
that every year. I actually
didn't feel too bad this
morning. Usually I feel much
worse. I don't know why. But how
did you feel getting up?
John C Dvorak: I felt okay.
Yeah. Now you have an hour later
though. I mean, I was I've had
to do the short 10 instead of 11
that kind of kept me short on my
pre show rituals.
Adam Curry: But what do you mean
you didn't you didn't get up an
hour earlier? No. Oh, you just
wake up when you feel like
waking up. You don't set an
alarm and you just wake up
John C Dvorak: an alarm for the
same time I've always set the
alarm and I just offset the the
target time for the show. So
Adam Curry: preparation be
damned. Like screw no agenda
I'll just work an hour shorter.
Is that what I'm hearing? So you
John C Dvorak: know what you've
heard? Yeah, no yeah, no Yeah.
No. You are saying to me yes,
you should get up earlier and
ruin the pacing and everything
you've developed over the years
a screw up to show for me so you
can show some you know, you
could be
Adam Curry: Yeah, that's what
I'm that's what I'm angling for,
John. That's, that's exactly.
Actually I'm very happy that you
woke up at your at your normal
body clock circadian rhythm
time. Because you're not as
grouchy in previous years.
You're like really a bit old
John C Dvorak: brother.
Adam Curry: And mind you. This
is now one of the most dangerous
vocations in the world. That's
us being podcasters.
Unknown: Now to that horrific
crime near Seattle, Washington,
a podcast her and her husband
allegedly killed by a stalker.
Police say a 38 year old truck
driver from Texas broke into the
couple's home and shot them
before turning the gun on
himself taking his own life. The
woman had filed a protective
order against him.
Adam Curry: Why are you
chuckling it's not that funny.
It's a dangerous a dangerous
John C Dvorak: no I'm not
chuckling at that I'm chuckling
at the fact that what good does
it do you to go shooting
somebody and then shoot yourself
nobody knows anything?
Adam Curry: Well that's not I
mean, I have a longer report if
you're really interested but
this this guy was it here's what
scared me a little bit about it
and I'm actually I'm gonna play
Unknown: it for he said i Police
say this. eight year old Ramin
Hodaka rom res he stopped shot
and killed podcaster Zori
Sadeghi and her husband before
appearing to take his own life.
Appearing hostage situation.
Shooters not. A neighbor says
their security camera caught the
commotion overnight there was
blood curdling to hear
investigators say Hodor Quran
Reza, he listened to today's
live podcast for people who
speak Farsi looking for jobs in
the tech industry and befriended
her through a chat app. They
communicated but things quickly
escalated.
This is the absolute worst
outcome. You know for a stalking
case. This is every victim every
detected. Police Chief's worst
nightmare.
ABC News has learned just a week
before her death, Sadeghi filed
a request for an order of
protection against the suspect
alleging and chilling detail a
pattern of behavior that made
the 33 year old fear for her
safety now pay attention
according to the orders today.
Laughter voicemails more than 10
times a week sending flowers
even sending her husband more
than 20 messages a day writing
he won't let me go.
Adam Curry: There are many
people who EMAIL ME 10 times a
day who send gifts to the PIO
box. Who who say they won't let
me go. You don't have that not
like that. I don't know. But
it's any any one of these people
could flip in a heartbeat?
John C Dvorak: You never know.
Yes. And you never know why. I
mean, I can see that the I
didn't know the background of
this. But she's doing a farsi
podcast. This is already Middle
Eastern politics, which is the
most dangerous sort of politics.
Yeah, it was nuts. A shame.
Adam Curry: It's horrible. It's
a bad day for podcasting. Very
bad day for podcasting. That's
okay, because we're going to
crack down on crime. And I'm
just going to I'm not going to
actually spike it. But I'm
pretty sure that the ball I'm
going to reference here is
President Biden resurrecting the
1994 crime bill, which he was as
Senator Biden was the
John C Dvorak: was the co
sponsor.
Adam Curry: I think he I think
he he introduced it, I don't
think he was just the co
sponsor. And this went hand in
hand with front page, I think
was it was Newsweek or Time
Magazine, even New York Times
little yummy. It was the
predators, the nine year old
predators and we had to crack
down on him. And then we got
this whole Corrections
Corporation of America, the real
crackdown arresting hundreds of
1000s mainly black men. And
wouldn't you know it
Unknown: so folks look Magga
Republicans are calling for
defunding the police department.
Adam Curry: Now. This is
beautiful. I have to say when it
comes to twisting the truth,
there's lying and lying, lying.
There's nothing better than
saying hey, it was actually the
Magga Republicans who wanted to
defund the police. It wasn't it
wasn't the crazy squad or
anything like that. No, it was
the Maga Republicans and he ties
it into the investigation of
FBI. So he's like, Oh, it's law
enforcement. It's really the
Maga Republicans whoever wrote
this concept for him, which he
somehow was able to get out. It
brilliant. So
Unknown: folks, look Okay. Magga
Republicans are calling for
defunding the police departments
and to funding the FBI. Now
that's a good one. I like that
one. Well, guess what? Gary
tries to provide funding that is
going to keep community safe and
secure. We talked about how
about crime was outraged. My
budget invests in public safety,
and includes funding for more
training, more support for law
enforcement at a time and expect
to pay men play many roles. We
expect our cops to be social
workers, we accept them to be
psychologists and mental health
counselors. You know, more cops
are killed responding to
domestic violence calls than
anything else. To know that.
Well, folks, I don't want to
defend them, they need more
help. We don't expect a cop to
be everything from a
psychologist to a counselor.
These departments need more
investment in this kind of help.
And we're going to find proven
strategies for accountable
effective community places so
Copson know the communities they
serve. In the communities know
them. We got to get cops back on
the street, back in the street
and the communities they know.
Where they know the people where
they stop in and they know the
guy who owns the liquor store.
They know the preacher who runs
the local school, the local
ministry, they know the person
who runs the local grocery
store. Well, we did that in the
Biden crime. No crime person
just plummeted. You did that
Joey? Because I know, folks,
Adam Curry: folks. Yeah, it was
very successful. You're 94 crime
bill. Okay.
John C Dvorak: It's a good
investment. The here's a good
way. He's describing some sort
of small town America, where the
cops are roaming around on
Monday to beat Yeah, you know,
yeah. You know, just go to the
cab, just roam into the giant
Safeway and know who the owner
is corporations. Nobody, they're
kidding.
Adam Curry: Well, yeah. Anyway.
It was. I just, it's like, there
you go. He's going into the 94.
Crime Bill. And it's like, it's
like, problem reaction solution.
And just blame it on Magga.
Republicans. Beautiful. That
John C Dvorak: was just to pick
my nose.
Adam Curry: No, I am. I am
stunned by it. I have not heard
a
John C Dvorak: lot of factcheck
false. I'm sure it was all over
the place.
Adam Curry: No, only on your no
agenda show. Sorry, people are
way too obsessed with dying.
you've
Unknown: conducted a number of
studies on the health impacts of
daylight saving time. What is
your research shown regarding
the consequences of this
practice on our health?
Adam Curry: Now, what could the
consequences of Daylight Saving
Time Time shifting have? We do
this every year, by the way
makes up this year? It's even a
little bit funnier? Because we
have numerous left COVID And we
have
John C Dvorak: courage
depression.
Adam Curry: No, no. Oh, no.
Yeah. So
Unknown: basically, our body has
a natural biological clock
control processes, different
processes in our body, for
example, the sleep cycles,
physical activity for
consumption. And what our
research found, as well as many
studies from the world is that
if we disrupt the natural
biological clock, it can
increase the incidence of
different diseases, such as
heart disease, increased the
risk for heart attack, stroke,
and even diabetes and cancer.
Adam Curry: There you go. heart
attack, stroke and cancer.
John C Dvorak: Same thing that
COVID does.
Adam Curry: Exactly, exactly.
But depression wise, there is
well not really depression, but
there's something there's
something going on on tick tock.
You know, I'm gonna save that.
I'm gonna save that. We'll save
that for later.
John C Dvorak: No, douche. Tick
tock, now, tock, tick tock,
Adam Curry: tick tock update
everybody. Women, and all I
found are white women, but women
on tick tock are complaining
about their Adderall, Vyvanse or
Ritalin. And if you recall,
there was a while back there
were a couple of stories that
there seemed to be a shortage.
Maybe that was during the supply
chain, that there was a shortage
of the precursors or something
for Adderall. And there was some
replacement. Not quite sure.
Although violaceum it would be
meth. Yes. Correct. They talk
about it. It's D meth or
something. But what's happening
is women. It's not working for
them anymore. They're blaming
the shortage, although Vyvanse
as far as I know, has not
changed. And I think that we may
be just reaching a point If you
hear how long these women have
been on Adderall or Vyvanse I
mean, is it possible that meth
at a certain point just you just
become kind of used to it? It
doesn't work for you anymore. Is
that possible? Do you know
anything about meth?
John C Dvorak: Nope, I have no
no. I have no idea. Well, I put
them out I may have does it make
sense to get used to your biases
or more of this stuff? Whatever.
Adam Curry: I put a little I put
a little supercop together for
Unknown: your 100% not receiving
Adderall coming from someone who
was diagnosed ADHD and has been
on this medication since I was
nine. I'm currently 26 I did
some research to
Adam Curry: get nine and
currently 27 taken meth for her
whole life because
Unknown: I haven't been able to
function lately. So this is my
bottle and I swear to you, it
used to say Adderall, XR 20
milligrams, not D amphetamine.
When comparing dexedrine and
Adderall directly, Adderall
showed the ability to decrease
symptoms of ADHD overall. And
there is no evidence that
dexedrine could I personally
think they're giving us
dexedrine during this shortage,
but that's just me.
Yeah, no, they're not working. I
had to go take a drug test for
my new job. And so of course, I
woke up that morning took my
veins like two or three hours
later I go to this drug screen.
I just got my results back
today. There is no embedded
means in my system.
Is it just me or is anyone
else's Adderall just not
working? I'm on like a 20
milligram extended release. And
I feel like ever since
everyone's been talking about
the shortage and stuff, like all
the new bottles that I get, and
like, I feel like they only
maybe work on Sundays or I have
to drink like coffee to like,
maybe get it to kick in. I don't
know. Y'all
may have figured out what my
Vyvanse isn't working. I was
diagnosed with ADHD 10 years
ago, and I've been taking ADHD
meds on and off for 10 years.
And this shit is different.
Okay, this is for anyone who
takes any sort of like stimulant
Adderall, Vyvanse, Ritalin,
Concerta, any of those shortcuts
my language, this should this
should is not working. I don't I
don't know what they're giving
us. But it's not it. It's not
Adam Curry: if I love how fast
they're talking, they seem to be
high anyway, it
Unknown: this isn't a real
they're giving us a sugar pill a
placebo something. Every single
morning I used to take this I
would get like the instant
butterflies in my stomach, I
feel the need to go to the
restroom. And it would be this
extreme focus all day. And like
a terrible, terrible feeling.
Before I go to bed, a little bit
of anxiety, and I couldn't fall
asleep. None of that. Now
granted, it's helped my sleep.
But that's how I know it's not
working. So there's discourse
about ADHD meds not working
lately, and there's been like a
national shortage. And I'm
noticing it to some of my
Vyvanse works and sometimes it
doesn't. So I'm gonna stop
making a chart. Because I'm
gonna right now it's not
working. So when it works, I can
feel a come up or just like sit
there for a little bit. I'm
like, yep, meds are kicking in.
And then I do stuff like make
appointments or clean or do my
homework or read. And I don't
make stupid little jokes
constantly in my head. And I
took it it I should have come up
by now. And I'm thinking a lot
of dumb stuff. So today's dose
is not working and they are from
the same bottle. And but the
other day it was working. So
today I'm gonna go get my
refill. Because Walgreens said I
have five days to get it or
they're going to just put it
back because why don't they just
automatically send us the ADHD
meds like they really expect us
to come get it. Anyway, I'm
gonna make a chart and when it
works when it doesn't work, and
I will report back in
approximately a month.
Adam Curry: I'm sorry, I hear
junkies.
John C Dvorak: I'm here. Are you
hearing correctly?
Adam Curry: Oh, this this. This
saddens me. It's funny, but it
saddens me to know and then
these women are addicted.
They're junkies. I'll bet you
they're listening at 2.0 speed
to
John C Dvorak: maybe you got
they're not listening.
Adam Curry: No, no, they're not
listening. But this is epidemic.
And so the minute if something
changes, and I don't know if it
changes. I mean, if you've been
taking it since you were nine
and you're 26 now yeah, okay,
maybe maybe you're maybe you're
just immune to it just doesn't
work well enough. And that one
lady said, Well, you know, I
take some coffee and I feel a
little bit better. That This to
me is like wow, this is sad.
John C Dvorak: Well, they
couldn't be right. Because I
noticed this myself with certain
drugs. They'll take once in a
while. Over the counter, for
example, the peroxan which is
Aleve. Uh huh. I find that the
generic Aleve the approximate
generic doesn't work at all.
Adam Curry: That's interesting.
You say that because when my
when I had my first surgery in
my mouth, I could take ibuprofen
I got these big 600 milligram
ibuprofen, but I try I don't
believe that an actual brand
name Eleaf did nothing. Just
nothing. And that was brand
names. I don't know. I don't
know. Maybe the Chinese are
screwing us over.
John C Dvorak: They could be, or
the Indians, most of this stuff
comes from India. Well, this
Vyvanse or whatever it is, is
interesting. I never heard much
about it before. It's another
verb. I've taken it. Oh, yeah.
What is it like?
Adam Curry: Well, I took it
once. Because what? Oh, just see
what my daughter was on. She's
not on it. This is a long time
ago. This is 2011 I think. And
she was taking Vyvanse I'm like,
Well, let me try one of these.
See what that's like. I was
tripping balls. It's a it's a
time release. And I mean, that
thing is 1214 hours. He's just
just just really I got little
sweaty, Speedy. I'm not a you
know, my drug has always been
marijuana. My drug is the
opposite of Vyvanse. I hated it.
I can't believe anyone would
would voluntarily take that
John C Dvorak: so it's another
very it's a variation, a major
variation of an of an
amphetamine and feta mean. So
it's speed. Yeah. How's he get
away with selling this stuff to
the public at large is beyond
me. Well,
Adam Curry: I think this is the
telemedicine that's what I'm
learning the telemedicine
systems like the one you we
talked about the one that Weight
Watchers bought so that they
could prescribe ozempic to their
clients and pretend like it's so
it's our it's our program don't
worry about program and says
it's what's working. In fact, I
got a note from one of our
producers, I'm over 50. And for
numerous reasons can't lose the
weight weight, the way I used
to. My last physical had me as
pre diabetes, ie I had to make a
change, or I will have type two.
And by the way, we all have
we're all pre diabetic, trust
me, we're all pre cancerous pre
debt, we're all pre debt. My
wife and I started started using
majorna, which is like ozempic.
For Weight Loss, I lost 20
pounds in the first month, the
cost is $300 for four shots that
taken weekly. The Diabetes
version is about 1000 a month
and sold in special injectors.
For me, it was a simple choice,
do this now or do it later with
diabetes. So he's been convinced
we can afford to do this but but
you know, when I say we can
afford to do this, in fact, the
amount we spend his savings
saved a not eating out with
these drugs, your appetite
drips, and drips, and you really
don't want to eat all that much.
I bet I'll bet the five answers
to this class of drugs has been
used in Hollywood and by the
elites for decades, finally
available to those of us in the
upper middle class, aren't you
happy? He says if I were blessed
with great self control of my
eating, I would not be in this
situation. I'm a realist. So he
certainly has given up. He says
he can't he can't do it. He
doesn't have the he doesn't have
the willpower. The willpower.
Yeah. But these telemedicine
health guys, these are the ones
these are the ones that are
prescribing all kinds of stuff.
And, and by the way, big story
about cerebral cerebral is
another one of these telehealth
apps. Well, they got caught
sharing millions of their
patients data with advertisers.
John C Dvorak: Oh so much for
HIPAA.
Adam Curry: That's great. If an
individual creators cerebral
account the information
disclosed Me included name phone
number, email address, date
baba, baba, bah, online self. In
addition, the individual has
completed any portion of
cerebral online Melf health self
assessment, the information
disclosed may also have been
included in the service the
individual selected, so they
just sold that now they're
getting fined for it, but it's
not like you're hearing much
about it. Yeah. It's really it's
really nuts.
John C Dvorak: The allopathic
medical system is out of
control.
Adam Curry: Yeah, well, how
about this? This is you'll love
this Wall Street Journal. March
is a special time for college
basketball fans who kick back on
the couch for days to watch the
two week NCAA Tournament known
as March Madness. It has also
become a shining moment for some
neurologists who see the games
as a perfect time to peddle
vasectomies. Yes, the idea of
pairing male family planning
with March Madness appears to
have been very successful so how
about that?
John C Dvorak: How does that
work
Adam Curry: is vast vast madness
there you'll see the commercials
vast madness along with March
Madness. I
John C Dvorak: have not seen any
of these commercials. They say
it's coming.
Adam Curry: They say it's
coming. Kleenex or advertising
VAs madness recover On the couch
glued to the TV guilt free
John C Dvorak: yeah forget to be
washed all these grades. Oh,
that's Oh man as well maybe
Adam Curry: I want to watch the
games. Don't interrupt me. Well,
you can if you're recovering
from your vasectomy. I wonder
how many of our producers have
been tricked into this.
John C Dvorak: I think half of
our producers have had a
vasectomy, or they complain
about a report or
Adam Curry: they're about to
leave us
Unknown: to back off they
Adam Curry: got really mad. It's
like you can't talk about EVs.
You can't talk about
vasectomies. You can't talk
about it.
John C Dvorak: I'm sure people
will warming's out. Hey,
Adam Curry: man, I have ADHD to
stop busting. I'm a math guy,
you do whatever you want. I was
a druggie for all my life. That
marijuana still still tobacco
was well. Dodge is things like,
wow, they got a hold of us now
that God has bought the balls
literally.
John C Dvorak: Well, you did
play a Biden clip. I want to get
a couple Biden clips out of the
way. All right. Biden is not
very good at math.
Unknown: I just met I won't
embarrass them by pointing out I
don't want I don't have
permission. But I just met a
woman who has healthcare costs
that are 600 $600,000 A year
$7,000 A month? Well, guess
what? How can you possibly deal
with that? Well, we just dealt
with.
Adam Curry: So that sounds like
he multiplied by. He did an
extra 10 times there. Were
eight.
John C Dvorak: Well, it says
seven and six. It wasn't even
that it was
Adam Curry: what? Who knows what
he was thinking?
John C Dvorak: Well, then
there's this this one here,
which is funnier. And he did. He
says it twice to make sure it's
even that you don't miss it.
Unknown: More to show I really,
it's all my fault. Well, look, I
think we got a good job report.
I'm happy to report that our
economy has created over 300,000
new jobs last month. And that's
on top of a half a million jobs
we added the month before. All
total, we've created more than
12,000 12,000 jobs since it took
office. nearly 8000 of the
manufacturing jobs. That means
overall, we've created more jobs
in two years than any
ministration has created in the
first four years. And I think
all this matters. It's no
accident.
Adam Curry: No. Goodness. You're
still mass bumping.
John C Dvorak: I don't know why.
Oh, sorry. That was my fault.
Now. I knew I did that. I've
just got to be careful. Well,
the job Oh, that's Biden's
ability to capitalize. Yeah.
Adam Curry: Well, jobs are going
to change. Pretty soon. You're
gonna have a lot more
unemployed. I've been following
the Silicon Valley Bank.
closure.
John C Dvorak: I wouldn't say
quite a lot of people are
blaming Peter Thiel. Did you get
that far?
Adam Curry: Oh, I got much
further than that. Oh, would
take us there. Okay. Well, first
of all, whenever I get an email
from Andrew Horowitz saying
yeah, this could be pretty big.
I pay attention on Horowitz he's
a pretty level headed guy. Cool.
Yeah. He doesn't really go too
nuts. Well, I have two reports.
And then we can we and I 100%.
five by five agree that Peter
Thiel started the bank run. But
let's listen to some of the
mainstream reporting. Here's
ABC, from
Unknown: New York to California
today panicked customers
scrambling to pull their money
out of Silicon Valley Banks,
only to find them close all our
money's
in the bank. I don't know how
we're gonna do our payroll. I
don't know what we're gonna do.
Now.
It's the biggest bank failure
since the 2008. Financial
crisis. Regulators this morning,
shutting down and seizing the
assets of the bank, a go to
lender to the tech industry.
Many of those businesses today
cut off from their cash, I hope
to get most of it back. But
that's definitely concerned. It
all came crashing down in just
48 hours, as the bank tried to
shore up its finances. The panic
only spread on Wall Street, the
bank stock plunged and customers
started pulling their money out.
Once that happens, it's just
inevitable it's going to fail.
high interest rates have left
many tech companies with less
cash on hand, forcing them to
withdraw more to meet their
expenses.
This is a bank, perhaps a
handful of banks that are
getting nailed by the fallout
from the from the problem the
tech sector. And it's not a
economy wide or a banking system
wide
problem. We pressed the White
House on what this means for the
tech world. How concerned are
you that we could see a ripple
effect just throughout this
specific sector? I just want to
re emphasize that we
are in a fundamentally different
position that, you know with the
reforms of the global financial
crisis of 2007 2008 we've put in
place stress tests and other
tools that our regulators have i
to provide more resilience to
our banking system.
Adam Curry: Alright, so what
happened here is a is not crypto
related, although there are some
there's some exposure there with
a stable coin USDC, which I
fully expect to collapse because
stable coins are crap. What
happened here is, is really
Yeah, the big banks the big for
too big to fail, they had to
over capitalize, they've been
stressed tested, but all the
other regional banks, smaller
banks like Silicon Valley Bank,
they actually argued the the CEO
of Silicon Valley Bank, argued
to weaken regulations. And I
believe since COVID, they didn't
even have to have 10% of
reserves. And the biggest
problem for that for that was is
almost a classic idiot bank move
is they invested in bonds that
you have to hold to maturity,
htm is what it's called. I mean,
you can't just sell them off. So
they had a lot of these bonds,
which are because the interest
rates have gone up so quickly.
And as we know, prices of bonds
work inversely to interest
rates, that means they're worth
less money if you want to go and
sell them. And this went so
fast, which is what what our
Federal Reserve has been doing,
that they found themselves
overexposed, like $1.8 billion,
and they started selling these
unprofitable bombs. That's when
Peter Thiel on Wednesday, I
think told all of his portfolio
companies, so I don't know how
many of those are, it could be
10, could be 20, could be 100.
But these are companies that
he's invested in either directly
or through maybe one of the
venture capital firms. He
started calling everybody say,
take your money out, take your
money out, take your money out,
that is what triggered an actual
run on the bank when everyone's
going, Oh, crap, let's take our
money out. And they didn't have
the cash on hand, they were $900
million short and just couldn't
give anybody the cash. This was,
I guess, kind of expected the
regulars regulators came in and
shut it down. And the way these
things work is if you every bank
account in America has an FDIC
Bank, which I think they all
are, they are insured up to
$250,000 per account. So on
Monday, if you had a million
dollars in an account, you'll
get 250,000. At minimum, that's
that's what's going to end
whatever else happens. We're
going to see before we move any
further into some of the
details. The way Silicon Valley
works, and I've witnessed this
twice. Once when I took my
company public in 1996. We went
we took it public with a brown
shoe small New York firm, but we
went around to the big the big
companies. And they immediately
bring in Wilson Sonsini, which
is Silicon Valley's law firm,
very, very famous, I think the
as at Wilson Sonsini, who's kind
of like called the godfather of
Silicon Valley and one of the
two, you may know that better
than I do. And that's, you know,
and they'll, they'll run, you
know, deals through, they'll
play on both sides of deals.
It's incredible what a what kind
of monopoly they have. But when
we raise money from Sequoia
Capital, Kleiner Perkins shirt
below raunchy rock Sriram. But
the main, the main two were
Sequoia and Kleiner Perkins,
immediately, as a covenant in
the deal. And you're going to
bank at Silicon Valley Bank. And
if you remember you, and I
bought a lot of lunches and wine
with an SVB credit card. And so
the way it kind of works is they
have their money at SVB. Or at
least chunks of it. And you
know, okay, we're gonna raise
this money, you get the money,
and it really is just
transferred from one Silicon
Valley Bank account to the next
one. And because you're in this
trusted circle, which the bank
connects everybody, you can then
get easy debt financing. Oh, you
need a $2 million line of
credit, no problem. And so it's
very incestuous. And I'm pretty
sure a lot of the owners, the
bank shareholders, the bank were
the same people. So a lot of
yeah, just incestuous exposure.
And because of this, they say
50%, I would say, maybe 75% of
every single venture capital
back for him, not just in
Silicon Valley. We're talking
firms in Sweden, in Denmark, in
the Netherlands, in the UK,
everywhere. If you raise money
through a big event, not even a
big one, but one of the 350 or
400 venture capital firms,
you're going to have a bank
account of Silicon Valley. So
this is going to create a large
culling of the heard in time.
Yeah, because payroll coming up
on the 15th payroll money had
already been sent into Silicon
Valley Bank or sent or supposed
to be sent from it to the
payroll companies, they didn't
go out. So and so now. People
aren't going to get paid.
Obviously, there's a lot of
companies that are, I'd say the
majority of venture capital
backed companies are not
profitable. They had no they,
they already had to fire people
rein stuff in because No, it's
going to be tough if you're
based on advertising and may not
make any advertising money for
the next four years. So how are
you going to get through they
got a line of credit from
Silicon Valley Bank, that's
everything's dried up. So we're
gonna see firms collapsing in
the next few days in the next
few weeks. Let's go to CBS.
Unknown: Following the collapse
of Silicon Valley Bank this
week, officials in Washington
are expressing concern
when banks experience financial
losses, it is and should be a
matter of concern.
Silicon Valley Bank is the 16th
largest in the country, with
$209 billion in total assets
late last year. According to the
FDIC, the bank is known for
serving tech startups and
venture capital firms
Silicon Valley Bank failed
largely because of its links to
the tech industry, because
technical getting nailed by
sorry.
John C Dvorak: Says It failed
because of its links to the tech
industry.
Adam Curry: Oh no, no, you're
gonna hear every single boat
bull crap. You're gonna hear all
kinds of bullshit stuff in the
next few days,
Unknown: largely because of its
links to the tech industry,
because tech is getting nailed
by all the rising interest rates
and changing consumer
preferences.
Regulators shut down the bank.
Do you want to
Adam Curry: want to call out I'm
happy to stop you want to
comment?
John C Dvorak: No, I'm just
saying this guy's whoever this
analyst is is full of crap.
Surprise, surprise,
Unknown: a rising interest rates
and changing consumer
preferences.
On Friday, state regulators shut
down the bank transferring
control of his assets to a new
institution controlled by the
FDIC. In a statement, the agency
said customers would be able to
access their funds no later than
Monday morning. But it only
insurance deposits up to
$250,000. The bank serves some
major companies like Roku,
Pinterest, Shopify and Etsy,
which warn sellers that some
deposits may be delayed, small
business owner Amber fields now
swept up in the chaos,
and another three are in small
business, I get this in my home,
those funds, feed my family and
pay my bills. The effect is also
being felt overseas, with
Israeli Prime Minister Benjamin
Netanyahu saying his government
will take steps to assist
businesses that are impacted.
Adam Curry: Ah, yes, I should
have mentioned Israeli companies
as well. Of course, there's a
lot of investment from Silicon
Valley and Israeli companies. So
it's going to it's going to
affect a lot. Now, here's a
couple of fun, fun little
things. Silicon Valley Bank CEO
Greg Becker. He actually until
this happened, he was on the
board of directors for the San
Francisco Federal Reserve Bank.
The what is it? The what's the
guy's name? The who was it? I
think the not maybe the Chief
Operating Officer. Or maybe
Yeah, I think was the chief
operating officer. He actually
was at Lehman Brothers, when it
collapsed. So you know, there
was just they were very involved
in diversity, equity inclusion
focused on lots of important
things like that. And meanwhile,
they just weren't exposed to all
kinds of problems. Now, what
this also did and hasn't been
mentioned that much, but will be
is it made people around
America, certainly nervous about
regional banks and regional
banks, just like Silicon Valley
Bank, did not have to have the
same type of over
capitalization. That the big,
too big to fail banks have. And
so there's their stocks were
down, you will see what happens.
But what is happening this
weekend, as people are, you
know, their bank runs happen
because people have no faith, it
may not even be an actual
problem with the bank. So if
people just saying all weekend
long, oh, man, you know, the
regional bank, you go down, but
to get your money out of the
bank, there could be a run on
regional banks. And that could
actually be very serious. But
it's not because there's
necessarily anything wrong. Now
we go to CNN, who literally
could not get anyone better than
Robert Reich. To explain it to
us.
Unknown: What does this mean for
people outside of Silicon Valley
Bank? Universe? What does it
mean for the average borrower,
if anything?
So far, it doesn't mean
anything. But the big question
is one of contagion. That is
what we saw in 2008 was when one
big bank, a couple of others
started to fail, could not pay
their depositors could not
actually pay up what they owed.
They were closed, and regulators
had to And moving very, very
quickly about we ended up with a
financial crisis. Because of you
know, one vague banking card
easily starts tipping over other
cards, it's a house of cards.
Now, we don't know yet about
contagion, we what we do know is
that this bank was obviously
over extended. And this is
related to the Fed because as
interest rates went up, and as
and this bank was lending to a
lot of startups, this bank
simply could not handle it. I
think that this is the biggest
economic news today, it is not
this jobs report, the Drudge
Report was good. And it's kind
of signals to me a soft landing.
But I think that in terms of
what the Fed is going to do,
this bank implosion of this
potential contagion may reverse
Jerome Pauwels direction, it may
lead to, instead of a half a
point increase at the March
meeting, it may lead to no
increase at all. In fact, it's
even conceivable that interest
rates start dropping at the fear
that we're going to be in deep
trouble.
Adam Curry: So I'm sure this is
what a lot of people certainly
in the tech sector would love,
hey, let's get that quantitative
easing, let's get money cheaper.
Again, we need to have cheap
money, which of course will only
result in higher inflation for
you know, you for the prices for
your, your groceries, etc. And
so now we're in the what are we
going to do phase and we've got,
typically, you know, they can
find a buyer for bank like this,
like JPMorgan Chase would be a
good one that get it for for
almost nothing. And anyone who
had money in there might lose
10%, maybe more. You know, that
depends on the deal that they
cut. But already, Washington and
Silicon Valley are talking about
a special vehicle, the Federal
Reserve, we need a bailout. This
is this is going to be
interesting. If if the Federal
Reserve forces, you know,
however they do that forces a
bailout. You know, and this is
really only it's only $100
billion. I mean, you know, the
money we gave, so called gave to
Ukraine could fix this problem.
But if you start going down that
road, you know, who knows where
it's going to end up,
Unknown: you have advocated for
the Fed to stop increasing the
interest rate why we before this
issue with Silicon Valley Bank,
as simply because I don't see
any wage price. Inflation wages,
according to Jerome Powell are
pushing up prices. Well, that's
simply not the case. Look at
today's report, for example, we
are seeing the smallest wage
increase in over a year, prices
continue to rise. That is
absolutely true. But wages are
not pushing them up. It's not
that workers are doing so
wonderfully well. But what's
pushing up many prices
domestically in big companies
that want to increase their
profit margins. And so they have
monopolies or near monopolies
oligopolies. They are using the
opportunity using inflation as
an excuse to put up their
prices. So this is at its at its
bottom here. It really is an
antitrust monopolization issue.
It is not a Fed interest rate
problem.
Adam Curry: The venture capital
firms, 350 of them have written
an open letter. Say that hey,
you know, we'll work with any
new owner if you find one. But
we get stories like this. More
than 60%. John, of community
solar financing involves Silicon
Valley Bank, we will not be able
to stop climate change if these
companies go out of business.
Oh, yeah. Good one. Oh, yeah.
Oh, yeah. Wait for it. You can
just wait for that to happen.
It's like, oh, no, these are
none of these companies are
making any money. And they're
not supposed to. That's why
they're venture funded. But it
also may just be a great moment
for the venture capital money
companies to write off a whole
bunch of really bad investments
because everyone's just looking
for, you know, it's a crapshoot.
Hey, let me get the next
unicorn. Yeah, we'll invest in
that and invest in this. It's
kind of it's been very fun to
watch Jason Calacanis. He's now
tweeting in all caps. He's
beside himself. Because he, you
know, he, he's like an angel
investor, and his whole it's a
very simple process, but
basically, he gets people to
give him money, he invest their
money, and then he pitches those
companies to actual venture
capital firms. I'm kind of
giving an abbreviation. So he,
he's holding a bag, a machine,
not personally, but his
investors are gonna be holding a
big bag of crap. Now, when
something like this happens, I
am typically all ready to jump
in and say hi, this is how they
introduced the central bank
digital currency. You do not
have to do that. Because
everyone else is doing it for me
like General Flynn,
Unknown: I want people to go
read executive order 14067
Executive Order 14067 signed by
Uncle Joe, the Eighth of March
of 22. And it went into effect
13 December 2022. So just this
past summer, and there are
already corporations and
elements of our US government
that are already beta testing
what's called Central Bank,
digital currency, Central Bank,
digital currency. That's what
that executive order is all
about.
Adam Curry: And this was
accentuated on Friday on Tucker
show, which I do not watch
anymore, but the people sent me
the clip. So how could I avoid
Kristi, noem? Who was the
governor of what is she South
Dakota? I think she saw it.
Yeah. And she mentioned that the
UCC update. In fact, Article
Nine UCC is the universal
commercial code. I think it's
something that originates with
lobbyist in Washington, DC, it
goes to the states, the states
have to ratify it, you know,
states just like any other
politician, you know, Hey, you
want what I just ratified this,
how much you give me for my
reelection campaign. 10 grand,
okay, fine. It's too complicated
to read. Anyway, she she vetoed
this in the South Dakota, bill
that was passed by the
lawmakers,
Unknown: I became aware of this
bill, it wasn't introduced until
almost halfway through our
legislative session, we started
reading through this bill that
was over 110 pages long, it was
sold as an update to the
guidelines of the universal
Commercial Code backed by all of
our financial institutions, or
banks. As we started reading
through it, we saw the section
of the bill that changed the
definition of currency. And
essentially what it did was
paved the way for a government
led cbdc. And it also banned any
other form of cryptocurrency or
Bitcoin or digital currency that
existed. So for me, it very
clearly was a threat to our
freedom. In South Dakota, we are
the session that completes its
business earliest in the year,
we are the first ones to really
look at this bill and find out
the truth of what's in it. And I
did veto that bill. I'm asking
my legislators to change their
minds, to make the right
decision and help me kill this
bill once and for all. But I'm
telling you attacker, we've got
the same language coming to over
20 other states, I believe, it's
to pave the way for the federal
government to control our
currency and thus control
people, it should be alarming to
everyone and it's being sold as
a UCC guidelines update, there's
no rush to do this. We need to
be smart and make sure that
we're doing what we can to
protect people. I find it ironic
that we also are having this
discussion at the same time, we
have banks and credit card
companies talking about coding
gun and ammunition in a separate
code so they can track it. So
not only can they tie these two
issues together, if the
government doesn't approve of
what you're purchasing, if they
have the only form of digital
currency out there, and that is
endorsed and utilized in the
country, they can control how
you spend that money and does
take away all your freedom.
Adam Curry: So from a
perspective of what does that
mean for you at home? First of
all, don't panic. If you have
more than $250,000. In one bank
account, what are you doing?
Someone should have advised you
differently. So I think the FDIC
insurance, although there was if
you recall, about a year and a
half, during COVID, there was a
whole shuffle at the top of the
FDIC, they kicked out the
chairman of the board and they
brought in some woke crazy
people. So who knows what that
what's going on there. If this
could be a part of anything? I
don't know. There's I don't I do
not think this is going to be
the introduction of central
bank, digital currency this
particular moment, it's possible
you could go to sleep, it's
great that happens over the
weekend. All these things are
always supposed to happen over
the weekend, you might wake up
with instead of dollars Fetty
coin or $50. It wouldn't mean
that much to you. Except of
course for the obvious control
that can be implemented. It is
interesting as a side note that
Elon Musk has openly been
entertaining the idea of may may
be buying Silicon Valley Bank, I
don't think he will, it seems
like a hassle. He's getting his
licenses to do so anyway to
create the x.com that he's
always dreamed of. But that
would be an interesting, an
interesting thing for it to
happen. So just sit tight and
don't panic is what I would say
aye, aye. But it's clear that
we're being set up for something
like this in the future. And
that's my report.
John C Dvorak: Well, it's a good
report. I don't think we're
being set up for anything
necessarily. I just think this
was a stupid idea to have
everything concentrated in this
one SIV be because of the entire
valley being somewhat corrupt in
that manner. What's the point of
having every company in Silicon
Valley and every individual and
every payroll go through just
one single bank without backup,
Adam Curry: we may we may find
out who knows I mean you don't
really know but it
John C Dvorak: was just got to
be corruption involved. There's
no other possibility of course,
Adam Curry: of course. And it
was so I was Why
John C Dvorak: should Why should
my venture capitalists tell me
what bank to work with? Do you
want
Adam Curry: the money son? We
had covenants in our deal. We
had time saying but why? Well,
because I think that they were
all they were shareholders.
John C Dvorak: Yeah, that would
be it. That's called corruption.
Adam Curry: Called coercion. I
don't know if it's corruption,
but I don't know. We'll see how
bad it will certainly be a
calling of a lot of crap that
needed to go anyway. It
simultaneously helps the Federal
Reserve with exactly what
they've been complaining about
like well, you know, the job
markets too strong we got to
have more unemployment. Maybe
this will help. I don't know how
many people will be unemployed
where the collapse of many
companies will know in 60 days
and maybe even less I think this
will be the story for the next
week. And and we'll just have to
pay attention because it's very
possible someone or some people
will be really pushing the fear
and I don't see you know what,
tonight at the Oscars if there's
a lot of Silicon Valley Bank
jokes, then you'll know that
it's coming
John C Dvorak: I don't think
they can deliver a joke
Adam Curry: they can change the
carpet
John C Dvorak: Yeah, I think
carpet was on sale to call this
dog shit brown carpet champagne
we got it she
Adam Curry: champagne you my
dear friend Sean Panya I if
they're gonna do anything wild
with Central Bank digital
currency at whatever level
whatever version it won't happen
until the Ukraine war is over. I
think that's that's that's what
I'm waiting for.
John C Dvorak: Well, let's
listen to some you look Ukraine
clips I have a bunch Oh good.
The word logistics clips these
are all this is actually I
consider these these five clips
to be an excellent backgrounder
on Well, I don't know what
they're trying to accomplish. It
seems as though they're looking
at this war some way to stress
tested the the defense industry
in some way. Oh, because they
can't make enough stuff. For
these Ukrainians. These guys are
unbelievable, but let's go with
Ukraine war of logistics. One
been
Unknown: 80 years since a war
with logistics on this
industrial scale. Ukraine fires
as many 155 millimeter artillery
rounds and about
Adam Curry: horses from who did
this report because I liked that
editing right off the bat.
John C Dvorak: This is that may
have been me. This is NPR alle
Unknown: Ukraine fires as many
145 times
John C Dvorak: throughout this
report, there are scattered some
really new explosions, rocket
launchers and machine guns. And
he's talking to one guy in an
office and you're hearing this
stuff. Psycho Washington DC is
under attack.
Adam Curry: Wait, I had I had
this that's that's the new
Ukraine war sound effect we
picked up earlier so we'll see
if they use that one.
Unknown: Ukraine fires as many
155 millimeter artillery rounds
in about five days, as the US
produces in a month. Many of
them are forged finished at 1500
degrees and painted here and
1950s factory in Scranton,
Pennsylvania. The machinery is
decades old. But until now it's
suited us needs Iraq and
Afghanistan. We're not dueling
artillery battles. But today,
the 20,000 artillery shells the
plant creates every 30 days is a
fraction of Ukraine's needs.
Ukraine's defense minister
Alexei Resnikoff recently wrote
to the European Union and let
her describe to PBS news hour
that Ukraine can only fire 1/5
of what it could because of
munition shortages. We saw that
ourselves on the outskirts of
Baku in eastern Ukraine. This
team told us they did not have
enough artillery to fire
constantly Oleksandr commands
and artillery unit in the 93rd
brigade
Do you have what you
need in order to complete this
fight?
Unless yet? We do have equipment
but we need more. And we need
more and more and more because
they won't stop until we stop
them.
The current rate of Ukraine's
ammunition expenditure is many
times higher than our current
rate of production.
Last month, NATO Secretary
General Jens Stoltenberg said
defense industry couldn't
deliver fast enough and how to
expand quickly.
This is now becoming a grinding
war or attrition. And the war of
attrition is a war over
logistics.
Adam Curry: Yeah, no one wants
to pony up we just we're just
not making them the old am
making
John C Dvorak: Opening up as
much as we can in Scranton, now
the
Adam Curry: president's home
John C Dvorak: so what's the
what's the last war of attrition
that we've had in the last 100
years?
Adam Curry: What is in this
context? What does attrition
mean?
John C Dvorak: That means you
just keep killing people Iraq
there at World War One that was
the classic war of attrition
there was nothing no strategy
there wasn't any just killing
everybody as fast as you can
they kill as many as you can and
they can they kill as many as
they can you kill as many as you
can. And that's the attrition
we're talking about people. So
this is a this is basically a
war of well of war of attrition,
where you just keep killing this
is a killing mess. This is a
world war one style. outbreak or
we
Adam Curry: call it World War
1.5. Okay, sorry, I didn't mean
to piss you off.
John C Dvorak: Worldwide domain.
That's the SP that people listen
to the show.
Adam Curry: I wonder how those
bombs sound at 2x speed. Pew
pew, pew.
John C Dvorak: Yeah, that's
exactly what they sound like. So
right there. He's telling us
that this is a version of World
War One. Don't the world then
did last great war, the last
war. I mean, this is
unbelievable. It's given it
away. Okay, let's go to clip two
sorry. The
Unknown: US Defense industrial
base is not fully prepared to
conduct an industrial style war
or to deter that kind of war.
SETH JONES directs the
international security program
at the Center for Strategic and
International Studies, and
recently wrote a report about a
shortage of material and
materials in a wartime
environment.
The US has had an operational
plan for major war, but I think
what hasn't happened is to tie
those plans directly to
acquisitions needs right now.
Already, the US has sent from
its stockpiles more than $32
billion worth of weapons,
including more than a million
155 millimeter shells, 1600
shoulder fired Stinger anti
aircraft missiles, 8500 javelin,
anti tank weapons 1800 Phoenix
ghost drones and 38 High
Mobility Artillery Rocket
systems
what the US has been able to do
is use a range of stockpiles of
weapons. The challenge, though,
is that a number of those
stockpiles are now decreasing,
and the production lines are
rising to levels that we need
them for future contingencies.
It's not only about Ukraine, the
military always plans for
contingencies including a war in
the Pacific with China. What was
Adam Curry: that thing that just
slid off there? That sounded
like a
John C Dvorak: like time Mars
probably. So we've given them a
million shells. And they're
telling us is not enough. We
need five times more. They've
shot a million shells. It were
to watch a million shells. Yes,
Adam Curry: a million a million
I tell you, why not.
John C Dvorak: Okay, let's go to
clip three.
Unknown: And now the defense
department is spending billions
to increase production,
including modernizing the
Scranton plant, as seen in these
before and after photos.
Already, production has
increased nearly 50%. Overall,
the army hopes to increase
artillery production 500% In the
next two years, the largest
production expansion since the
Korean War, build a plant as the
Undersecretary of Defense for
Acquisition and sustainment. I
spoke to him on Wednesday, and
began by asking him whether the
West could meet Ukraine's needs
for artillery,
we will do our best and we have
been doing our best to meet the
demand as it comes in. And, of
course, the devils in the
details as to which caliber but
yes, the piece showed the 155
millimeter we have already
funded the factory at
significant amounts to get their
production rate ultimately up at
five times that amount, which is
almost unprecedented and it's
not just producing But what
we're also buying and getting
from around the world and
different stocks to supply with
the Ukrainians need every day.
We try to move something to the
left whether it's finding
equipment and another country we
can ship in, or anything we can
do to find stocks as we
just saw Ukrainian soldiers just
a few weeks ago I started back
when they told me they didn't
have enough that was an
artillery piece and older
artillery piece. Soviet era I
was with another mortar unit.
They said they didn't have
enough mortars also firing
Soviet era mortars This isn't
only about American European
weapons, it's also about getting
Ukraine older weapons which many
other units still use, right?
That's exactly right. It's a
constant challenge of do we find
or produce the old Soviet or
Russian equipment? Or do we give
them the new equipment and And
that's we go through that every
day.
Adam Curry: It kind of reminds
me in the Netherlands, as you
know, on December 31, you can go
pick up your pre purchase
fireworks and you can legally
set well, they changed the rules
a bit this year, but you can
legally set it off for New
Year's Eve. And it's like, you
know, we'd go and we'd have our
parents, you know, vouch for us,
or whatever we get, we get our
big bag, and we but of course,
we'd have that a week in
advance, and we'd be shooting
stuff off. And then it's just
like, then it's just on the 31st
all day long, just as much as
you can just write that from our
mind my mind than just blowing
stuff up. But it's it's doing
nothing. It's it's just blowing
it. Are they just blowing up our
stockpiles?
John C Dvorak: That's what it
looks like.
Adam Curry: So what happens if
China wants to fight us? We got
nothing.
John C Dvorak: to crank it up.
Yeah. Well,
Adam Curry: then we'll crank it
up. No, this is this makes no
sense.
John C Dvorak: Well, they make
the point that the Korean War we
had that we cranked it up. So I
looked at the military budget
for the Korean War. And during
that era, the military budget
for the United States during
that when we had it cranked up
because of the Korean War. The
military budget was 44 point 9
billion, which is less you know,
less is this bit in the back of
a list that's balanced it for
inflation. Does it make it
Adam Curry: 400,000? Maybe even
400 400? million? Yeah, that's
still half half of our current
budget.
John C Dvorak: Yeah, less than
half. But that boy, that's what
we're cranking it up. But
Adam Curry: that budget is not
going into ammunition. I look at
the email every day, I saw
another one $3 billion to Hawaii
to build a dry dock. Okay, I'm
sure we need it. Now, that just
it's just being spent on junk.
Not will not ammo,
John C Dvorak: Glarus, good
except for
Unknown: but on air defense,
specifically, I've been told
they're running out of s 300,
parts weapons all over the
world. And so therefore, they
have to go to West,
I think I think for air
defenses, and frankly, for
ground forces, what you're
seeing is having to go from the
old Soviet systems to almost
certainly western systems for
the reasons you said.
And this is all of course,
before we get to Ukraine Spring
Offensive, you are trying to
figure out how to get all these
armored vehicles and their parts
into Ukraine. How do you know
that they'll have enough of
those munitions, those parts,
those modern weapons, to be able
to launch some kind of counter
offensive in the coming week,
what
we're doing is working with the
Germans, the poles and the other
countries, when we have a
shortfall in parts save for a
certain version of leopards to
scour and find those parts, even
to the extent we can find
advanced manufacturing to 3d
print. So we're working on each
one. And the idea is to make
sure that there are enough parts
to sustain for each model. Why
not
give Ukraine the longer range
weapon known as the attack them,
which would fly 180 miles that
it's been requested that so far,
the administration has refused?
Yeah,
it's been a policy decision to
date that the long range weapons
which we have been providing,
which is about an 80 Kilometer
precision guided weapon is
sufficient and range for the
targets that they have, I think
for when you get into types of
capabilities are well beyond it,
you get into policy issues, and
sustainment issues of whether or
not it's an escalatory thing.
If I could, though, intelligence
officials told me that
specifically the capacity of the
attacker and the range of the
attack and is a red line for the
Kremlin in terms of what Ukraine
would be able to hit if it were
to use that weapon in Russia.
But why is that a concern given
that Ukraine has promised not to
use American weapons inside
Russia? Like we're not,
John C Dvorak: Oh, no. Promise
not to use it?
Adam Curry: We're not going to
send anything to Moscow.
So those trusted Yeah, we should
trust them when they say that we
should just try.
John C Dvorak: Yeah, they
promise. We'll just trust them.
Because they've never been known
for the dishonest ever,
Adam Curry: ever. It's Ukraine.
You can trust Ukraine? That's
not correct. So
John C Dvorak: it sounds like
that there. You're still using
Soviet gear that we have to
supply parts for? Yeah. And we
have to scrounge the parts from
all over the place. And we even
have to put the Soviet gear we
have to, to 3d print some of
these things, which probably
don't have templates,
necessarily, but I'm sure
there's enough engineers around,
they can 3d print some of these
parts, which is the future. And
it's just a fiasco at this
point. But at least there's some
kind of light at the end of the
tunnel, maybe. But you have to
listen to this clip. And you can
kind of tell that what the
Ukrainians would think is not
necessarily what we're thinking
how this thing comes to an end,
which you think is going to be
sooner than later and I'm not
going to disagree with that, but
I'm not totally convinced. But
there is a little guy, there's a
funny little gag at the end of
this guy, this assistant,
defense guy. So here we go.
Well, I
Unknown: think it's one of the
concerns. I think there's
multiple concerns. And the other
piece of it is what to what
extent it will make a big
difference in the battle. And
those are all part of the
calculation.
To what end? Are you trying to
procure weapons for Ukraine to
receive all of its territory
that it has lost since 2014.
We're providing everything we
can that we believe they need.
And I would say this, we are
going to be there with them
until it's over and as long as
we need to, and not for the
least of which is that we think
it's expensive. Now, if Putin
prevails, it'll be really
expensive. And so this is really
that important. And we were
going to provide her the
equipment they need
Ukraine argues they won't be
over until it receives his
Crimea.
That that may be their view.
Adam Curry: That may be their
view.
John C Dvorak: Play to the end
again, and don't step on it
because he giggles
Adam Curry: Oh, oh, I didn't
hear the giggle. I'm sorry, but
they need
Unknown: Ukraine arguing won't
be over until it receives his
Crimea.
That that may be their view.
Adam Curry: Oh, wow. Oh, wow.
Well, already Solinsky was
denied appearing in the Oscar
ceremony tonight.
John C Dvorak: Yes, good for
them.
Adam Curry: Well, here's what I
like about the story. He has an
agent William Morris
entertainment pleated made a
plea to the academy to spotlight
Zelinsky
John C Dvorak: he hasn't we
can't even get a mortgage agent
I mean, Mike
Adam Curry: Simpson Hey, Mike
Simpson William mortgage eight
entertainment agent. What? Thank
you, we should be able to get
you as a as an agent for John's
bit part.
John C Dvorak: And minify even
that yeah, there you go.
Adam Curry: Admitted money at
minimum.
John C Dvorak: Unbelievable that
this guy has the gall. He also
they also tell you I'm using an
agent I think is funny, but the
gall it takes Hey, we have our
own we're doing something here a
you know, it's like, what do you
want to get involved with the
it's an award show? Yeah.
Adam Curry: Well, I'm telling
you, I My feeling is it'll be
all Silicon Valley jokes tonight
about Silicon Valley Bank jokes.
I will bet you $1 Now okay,
well, we're getting a lot of
dollars here. Okay. $1 You see,
I haven't gotten
John C Dvorak: one yet. Okay. $1
right. $1 that this will be easy
to do. That. Will if there is
any jokes, there'll be less than
five total.
Adam Curry: No, no, no, no, no.
What do you mean? What did you
say? You're pegging it at five.
I have to have five jokes about
that to win.
John C Dvorak: Oh, everything's
gonna be about Silicon Valley
jokes. Well, blah, blah. But he
meets on one joke is counts.
Adam Curry: Let's say three.
John C Dvorak: Okay, I'll take
your five. I'm not afraid.
You're gonna take the five. I'm
gonna take the five. I was just
about to give into the three.
Drop the ball. I'm gonna take
the
Adam Curry: five. But I'll have
to write you a check for my
Silicon Valley Bank Account.
Bloomberg came up with an
interesting little ditty the
other day. Yeah, EU has no clue
of whereabouts of 86% of frozen
Russian bank central bank
assets. You know, there's a $300
billion that was supposedly
frozen or scattered. They can't
find it. They couldn't find more
than 36 point 4 billion. And
then you have Medvedev. Medvedev
met Vijay Medvedev. He said, Oh,
May I May I point out? They have
$300 billion worth of foreign
assets frozen in Russia.
John C Dvorak: So that's a wash
a quid
Adam Curry: pro quo. That's our
wash. Yeah. It cancels each
other out. He says he did a
happy coincidence. It would be
enough to recall recompense
Russia for what might be stolen
from Russia. Well, that's kind
of interesting. I didn't No one.
No one broadcast that. No,
heaven forbid. Anyway, we're
still using evil Putin and
Russia to try and capture the
rest of the countries in the EU
sphere to try and get him into
NATO and try and get him into
into the war. But you see what's
going on in Georgia, Moldova,
though is the interesting one
is, you know, QQ one of our
producers, he's from Moldova.
And he says, you know that the
President of the woman who
thinks she's president or prime
minister, isn't that guy
Moldova? No, Moldova is a woman
I what am I say? Oh, I'm
thinking to Belarus, Moldova is
a woman that, you know, but
she's all in on EU, but the
Moldovans may not be all in on
EU and NATO. And here's Kirby
reacting to a question from a
White House correspondent who
I've never seen asked a question
before, and she looks Israeli in
a way but I'm not sure where
she's from
Unknown: Lee has said that there
was a Russian plot to sort of
overthrow her government and
break Moldova's path to Europe.
It was something that President
Solinsky himself had also warned
about. What is the US says
assessment of this possible
plot? And more broadly, what is
the concern about Russia's
attempts to sort of influence
these got these pro European
governments in the region, even
though it's right now focused on
Ukraine about other countries in
the region?
So we'll see about that is
deeply concerning reports.
Certainly not outside the bounds
of Russian behavior. And we
absolutely stand with the modem
Moldovan government and the
Moldovan people
we have no confirmation from US
side of things
I know of no independent
confirmation but we're certainly
not questioning their capacity
the will of the of the Russians
and Mr. Putin to try to do that
is perfectly right at page Iran
average playbook.
Adam Curry: Oh page numbers
playbook Yeah, I was gonna was
talking about oh, he's gonna
take over Moldova I don't think
I don't think Kirby was ready
for this question. Because you
know, they're so focused on
Georgia trying to make it look
like Russia and of course if
there's a government in their
day to day wants nothing to do
with the with the west they
don't want to be part of NATO or
whatever they're sick and tired
of all this crap. Michigan
Moldova. Just take a look at the
map. I'm gonna refresh my memory
and will those in such a great
spot
John C Dvorak: so Moldova, if
I'm not mistaken, has that
little strip of land as butted
up against Ukraine? That is
correct. Considered Russian?
Adam Curry: Yes, it's on the
southwestern flank, I think.
John C Dvorak: Yeah, something
like that. But it's right there.
And it's like a buffer between
the Ukraine and main part of
Moldova and they the Russia has
been wanting to get capture that
they can't seem to
Adam Curry: right near Odessa
and it borders on Romania.
John C Dvorak: Yeah, there's a
lot of talk right now that the
Russians are really angling to
get Odessa i think that's lost
cause at this point I don't
Adam Curry: think they care I
think they want Dawn boss they
want to you know that's what
they want that's the
John C Dvorak: if you look at
some of the takeover maps where
they take over a big chunk of
Ukraine Odessa is included
they'd love to own all the ports
because there's money there but
at the Odessa is cannot go to
the Russians and probably never
will but it's been discussed
Adam Curry: so any well that
could be for for for you know
five years from now when this
thing cranks up again that could
go get that but I don't know I'm
just not seeing much movement at
the Moldova thing is is weird.
It's weird. Does that mean that
we need we can't send anything
anymore? We have no we have no
ammo. We got nothing. I don't I
don't know what that what the
plan is. They may be at a
stalemate. And that that little
laugh tell you had there that
little giggle Oh, my God. Yeah,
that's what they think. It looks
like it's ending.
John C Dvorak: That's a
giveaway. This is well, that's
what and it's not answering the
question either. It's like
saying, you know, do you think
that next the the Ukrainians
want to take they want to take
back Crimea? And he says, Yeah,
I've heard that's what they
think. Kind of. I don't Yeah,
like, I don't think so. That's
not they're not getting that's
not part of it. We'll be here
forever if that happens.
Adam Curry: Yeah. Goodness. I
wish I wish we knew a little bit
more.
John C Dvorak: I wish they stop
it.
Adam Curry: What stopped the
war? Yeah. Well,
John C Dvorak: they have the
wherewithal they have,
supposedly we have diplomats
that are professionals. And
meanwhile, of course, we lost,
you know, the war between Saudi
Arabia and Iran, which is mostly
a Pyrrhic I guess, whatever you
want to call but they had a
proxy war going on in Yemen
between the two and it was
brokered to peace by the
Chinese.
Adam Curry: This was beautiful.
I have a clip pre conciliation
Unknown: between old enemies.
The declaration signed by our
kingdom, Iran and China was in
Canada Jose senang
SMent on national television in
Saudi Arabia followed the
release of a joint statements
with Iran to Middle Eastern
countries brought together
around a table in China and
reestablished diplomatic
relations in tissue if I were
YouTube.
Testing this thing, we agreed to
open a new chapter between the
Islamic Republic of Iran and
Saudi Arabia after having no
ties for seven years, while
observing the interests of both
countries.
It's a masala shahadi This video
released by Iranian state media
shows Iranian and Saudi
officials alongside China's most
senior diplomats. Sunni Saudi
Arabia cut ties with
predominantly Shia Iran in 2016,
after an attack on its embassy
in Tehran, carried out by
Iranian protesters after the
Saudi execution of a Shia cleric
re establishing ties could have
wide implications across the
Middle East, particularly in
Yemen, whether two rival Gulf
powers are locked in a proxy
war, as well as in Iraq and in
Lebanon, Riyadh, and Tehran will
reopen their embassies and will
also restart economic and
security deals signed in 1998
and 2001. The White House
welcome the rapprochement saying
is a means for us to deescalate
tensions in the region. Because
Beijing meanwhile, praised the
wisdom of the two countries.
Adam Curry: I think this is a
baller move by China. Freely
cool. They did this, because now
they've got Saudi Arabia, Iran,
Russia, they got a pretty
formidable front. Now in the
front, they got a formidable
group. And what does that do for
our sales of weapons and
training and advisors to Yemen.
Does that end is that over now
is there as
John C Dvorak: well, we were
selling to Saudi Arabia, and
they were using it in Yemen.
Adam Curry: Yeah. Believe me, we
have advisors helping them out
in Yemen.
John C Dvorak: But I'm sure
Yeah, I think it puts the kibosh
on it it doesn't change the fact
that the Saudis will probably
still keep buying our F 16. Or F
30. Fives I'm not sure what
we're selling,
Adam Curry: China is going to
negotiate the peace between
Russia and Ukraine. This is the
this is the way
John C Dvorak: that was the that
was the thesis that showed up in
the show about a month ago. And
the fact that they did this
little side bit, which is like
okay, look, here's how it works.
We're going to show you how good
we are. And then they negotiate
you want so let me pick two
crappy countries that hate each
other. Let me show you how we
get these two to get together.
Yeah. And they got him together
out of the blue by the way, I
didn't know about this happening
know that we weren't given any
any heads up on this by the
media, that's for sure. There
was no precursor at all. So
boom, this happens. Okay, now we
can deal with the rest of it. We
can hook these two guys, we can
get the Ukraine thing. It's an
embarrassment. Oh, yeah. We
praise a bullcrap. Dr. People
should be ashamed of themselves.
They're
Adam Curry: not they're
completely a blip. They don't
they have a board. I don't
John C Dvorak: believe it. Okay,
so they can't be How can you be
humiliated like this? Oh, they
say, well, that's great.
Adam Curry: Oh, they're
humiliated. But they want to
save face. And China is going to
let them save face. They're the
kings of saving face. And
everything. I talked about the
pivot to China. I'm going to
give you two examples right now.
The first one is Avril Haines.
She represents the US. I think
the National Intelligence
Director,
John C Dvorak: she is the
dumbest woman I've ever seen in
the intelligence community.
Adam Curry: Well, she's running
it and this report, sadly, cut
it down. 48 seconds has some
music under it. But this is from
testimony in Senate
Unknown: in brief, the CCP
represents both the leading and
most consequential threat to US
national security and leadership
globally, and its intelligence
specific ambitions and
capabilities. Make it for us our
most serious and consequential
intelligence rival. During the
past year, the threat has been
additionally complicated by a
deepening collaboration with
Russia, which also remains an
area obviously, of intense focus
for the intelligence community.
We do see them providing
assistance to Russia in the
context of the conflict. And we
see them in a situation in which
they'd become increasingly
uncomfortable about the level of
assistance and not looking to do
it as publicly as might
otherwise occur. And given the
reputational costs associated
with it, yeah,
Adam Curry: sure. They don't
care about the reputation. So
just bear with me for a second.
It behooves everybody for China
to and the Ukraine conflict,
because we are already moving
away from Ukraine. You're not on
the Oscars, your agent, fire
your agent get a new one is not
going to work. We're not going
to let you on the Oscars that
happened that that right that I
know it's over in America, if
you're shunned from show
business as the end of your
career, and he's an actor,
comedian. So we have the
intelligence committee. Oh, yes.
Well, actually, this is why
they're very, they're very
sophisticated. They got
balloons, so we need some money
for our intelligence. Okay,
great. So we got the dumb Avro
Levine over there. I have here
in front of me a memorandum
John C Dvorak: who is not Avril
Levine Rachel Levine.
Adam Curry: No, no. Abra Levine
is a singer who Aren't you gonna
John C Dvorak: be Chicago right?
Here? Right? Yeah, sorry.
Adam Curry: Who is I believe
Rachel Levine's daughter. So
that's very possible. I don't, I
don't know. I have in front of
me memorandum for all Department
of Defense personnel dated
stamped March 2 2023. From from
our Secretary of Defense, you
know him if you wouldn't
recognize him because he has a
mask and a shield on. I'd like
to read a little bit from this
memorandum. Since day one is
Secretary of Defense, I have
been guided by three priorities,
defending the nation, taking
care of our people, and
succeeding through teamwork.
Wow, what is he running at the
Silicon Valley startup idiot.
Over the past two years, we've
made tremendous progress in all
three arenas. I'd like to thank
each and every one of you for
your commitment and hard work.
As we look to the year ahead,
these same three priorities
continued to guide all that we
do. So he's prioritize these
challenges. I'm going to give
them to you in order of
appearance and order of priority
number one,
John C Dvorak: this is the order
of priority order of priority.
So number one is the most prior
buy the most prior, the most
high priority
Adam Curry: highest priority.
Exactly. defend the nation,
prioritize China as the pacing
challenge. And increasingly
aggressive China is trying to
shape the international rules
based system New World Order to
suit its authoritarian
preferences. This is a
generational challenge and the
department will rise to meet it.
To do so we must embrace
integrated deterrence, which
charges us to coordinate our
efforts across all warfighting
domains, theatres and the
spectrum of conflict to create
new and more complex dilemmas
for adverse adversaries. More
money,
John C Dvorak: adversaries.
Yeah,
Adam Curry: that's what I meant
adversaries. Thank you. We must
continue to break down
stovepipes across the department
stovepipes across the
environment, improve our
cooperation with the interagency
and Congress and work with our
allies and partners to improve
operational planning, blah,
blah, blah. So, we are to
strengthen our deterrence
posture in the Indo Pacific but
developing new concepts and
capabilities Kuching deepening
our alliances and partnerships.
Hello Philippines, expanding our
activities and operations Hello
right off the coast of China. As
the threat from PRC evolves, we
will provide Taiwan self defense
capabilities consistent with the
budget we need, I'm sorry, with
the Taiwan Relations Act,
alright, to tackle the acute
Russian threat. We will not be
drawn into Putin's war of
choice, but we remain resolved
to defend every inch of NATO
territory. Working closely with
our allies. We've already
strengthened NATO's eastern
flank and will continue to
strengthen our collective
defence and deterrence. It's
over addressed advanced and
persistent threats. The
department will also remain
vigilant against dangers
including North Korea, Iran and
the global terrorist
organizations. innovate and
modernize. Here we go. America's
dynamism has always been at the
heart of our strategic advantage
to tackle emerging challenges.
We are modernizing every aspect
of the joint force from
hypersonic weapons to our joint
warfighting concepts comms our
joint warfighting concept and
American concept vehicles. From
data analysis to artificial
intelligence GPT war version, we
are also accelerating the
development of advanced
technologies to deliver new
capabilities to the force. This
sounds like a Silicon Valley
pitch. And then of course, on
the list, meters meet the
climate crisis.
John C Dvorak: Well, this number
one, no, no,
Adam Curry: this is number four.
I'm giving them to you in
John C Dvorak: order number of
four. You've already given me
about 10 of them. No, I gave you
one.
Adam Curry: One was China. Two
was Russia. Three persistent
threats. Oh, yeah. Fours
innovate and Myrt and more than
modernized, and five I'm sorry,
is meet the climate crisis. Our
strategy and planning addresses
for security implications of our
changing climate. We are
developing new platforms to
mitigate logistical risks in
contested environments.
John C Dvorak: Whatever happens
to the fish there on the streets
of Miami flopping on
Adam Curry: the streets of Miami
or is the fish that was honest
this. There they are.
Unknown: flopping people are
noticing the largest downpour in
the history of the UK was just a
year ago. Last fall and there
have been wave after wave of
these downpours, the sea level
predictions and low lying
coastal areas not least on the
banks of the Thames. are ones
that people are now taking into
account all the terms that are
flowing I was in Amsterdam
earlier this week. And believe
me, they're looking very
carefully at this my, in making
this movie I went to Miami Beach
I saw a fish from the ocean,
swimming in the streets. Yeah,
Miami Beach flopping flopping
around during the highest of the
high tides. That's happening on
a regular basis,
John C Dvorak: regular, regular
basis. That was some photos of
the more recent examples. So the
Adam Curry: second part was
taking care of our people. I'll
just run through this quickly
grow our talent to grow our
talent. Does that mean to remain
the strongest fighting force in
the world? We must recruit and
retain the best of America.
Yeah, once you Jack us up with
vaccines we don't want that
helps. That grows your talent,
build resilience and readiness,
whatever, ensure accountable
leadership, we write and then
succeeding through teamwork,
join forces with our allies and
partners, sell them some crap
they don't want strengthen
partnerships across America and
build unity within the
department. So there is really
nothing about you the Ukraine
war is not the existential
threat that it was. There's no
whatever it takes, we're gonna
defend NATO. It's all about
China. So China gives us it's a
gimme. It's like, it's almost
like hey, this is great. Thanks,
China. And now we got Iran to do
what we're very worried about
running their work with China.
We've got Taiwan Oh, very well,
they're gonna take and you know
what, China will probably just
not do anything until 2027 It
just go and we're just going to
build
John C Dvorak: up what they
might not do anything. The
latest from burns, though had
the 2027 predictions now he's
now backing off saying what you
just said. You know, they might
not do anything,
Adam Curry: then why would they?
John C Dvorak: Why would they
watch us flailing around like
idiots if we
Adam Curry: were smart? We just
continued to build up our
financial resilience because
ultimately the China's trying to
put together I think a financial
group now no bricks is basically
that but a Financial Group and
make their money the rich
someone's got to be the reserve
currency of green energy. I
guess it's not going to be it's
not supposed to be oil or or gas
or anything. So I just see this
as a non starter which we're
going to be it's going to be
fear mongering on the news every
single day. All across the
western world be afraid China
China, China, China, and you
know, and maybe there'll be
little things I do here and
there. But I just I don't see
it. I think it's it's great.
They want more money, they don't
care they just want to blow
stuff up and on TV pitch for
more money. We have no one to
actually go and fight anymore.
We have we have like 50,000
Ready troops we don't even have
the half a million that we're
supposed to have. Which is
really bad.
Unknown: Um over the
Adam Curry: over the past week,
we had Queen Ursula came over to
visit Ursula Queen Ursula, the
President of the European Union
Commission thing is for
commission. So after Schultz
came over and Schultz Of course,
like hey, man, you know, we got
to like step out of this Ukraine
thing. Let's blame it on the
Ukrainians. So we have an out
clean Ursula comes in because
now it's time to go back to the
Green Deal. The hydrogen clean
hydrogen. Yeah. So she
John C Dvorak: flies over the
same way that in and out, in and
out, no comes out or flies over?
I mean, again, because they
don't trust any other form of
communication. But okay.
Adam Curry: Well, she did do a
she gave a speech, addressed the
media. And if you recall, the
big problem with the European
Union and the US is the
inflation Reduction Act, where
we say we made this you know, a
lot of money was it a trillion
and a half dollars?
Unknown: I think it was the
Yeah.
Adam Curry: How's that working
out by the way has inflation
tempered any it keeps going up
crazy. And the and, and, you
know, all kinds of subsidies are
a trillion and a half dollars,
lot of money that we put up for
green, green initiatives, except
in there, it's like well, you
know, we'll we'll give subsidies
for electric vehicles and
hydrogen stuff, but it has to be
60% us made. And somehow that
was a fast one that was pulled
because this is what Queen
Ursula has been bitching about.
For months now. We've played
several clips, and I guess they
struck some sort of deal.
Unknown: We agreed on a
transparency dialogue.
Concerning the incentives.
Adam Curry: What's your
transparency dialogue? Because I
like a podcast, I think Podcast
transparency dialogue. That's
what
Unknown: we need on a
transparency dialogue concerning
the incentives that are given
given to the clean tech industry
for us is important on both
sides of the aisle
Adam Curry: like this. We kind
of overlooked this. But it used
to be green tech, you remember
that was Kleiner Perkins, who
put together a whole bunch of
investments in companies for
green tech. Now, which clean
tech and clean tech is, is
hydrogen, as far as I can tell,
clean tech
Unknown: industry classes
important on both sides of the
Atlantic to know what kind of
incentives are being given to
the clean tech industry, to make
sure that we joined forces to
boost the clean data industry
that is crucial and paramount
for reaching a circular economy.
A net zero economy a
few weeks ago, we
had already an agreement
concerning electric vehicles
accessing the American market.
Today, we agreed that we will
work on critical raw materials
that have been processed in the
European Union, and to give them
the access to the American
market as if they were sourced
in the American market. We will
work on an agreement with that
is concerned.
Adam Curry: There you go. So
it's for the raw materials that
we're going to dig we're going
to dig up parts of Europe, which
I think actually will be Canada.
So it's like a it's a pass
through. Because Ursula went to
Canada and said, hey, you know,
we need your raw materials. We
need your green stuff. Because
you have a lot of gas and then
you shipped out to us and then
we'll probably ship it off to
America. They're doing some kind
of some kind of deal so that
they dig up other countries.
John C Dvorak: Dig up Canada.
That's a good Alberta is just
ripe to be dug up.
Adam Curry: Dig up Canada.
John C Dvorak: Yep. Canada
meanwhile,
Adam Curry: we have nothing to
worry about. Because our
national laboratory in the US
has cracked the battery
technology code. We'll be able
to go 1000s of miles on one
charge. It'll charge in five
minutes. Oh, it's
John C Dvorak: I didn't see
this.
Adam Curry: Oh, goodness. It the
coming Evie batteries will sweep
away fossil fuel transport with
or without net zero. I wish I
wish I had a clip I'll just read
the first paragraph, the Argonne
National Laboratory in the US
has essentially cracked the
battery technology for electric
vehicles, discovering a way to
raise the future driving range
of standard EVs to 1000 miles or
more. It promises to do so
cheaply without exhausting the
global supply of critical
minerals in the process. Why?
It's almost like zero point
energy. I have seen these
stories so many times. Oh, how
many times have we seen the new
battery technology?
John C Dvorak: Yes, go we have
to remember everyone should
remember all battery technology,
except for little bitty things
like the membrane and some of
the packaging and all the rest
of it. All battery technology
was beaten to death in the
1800s.
Adam Curry: Yeah, we had battery
cars in the 1800s. And then once
the gasoline powered engine came
along, I wouldn't want to screw
that battery piece of crap.
We've been through this. It's
the argon argon i f battery.
It's a global breakthrough.
John C Dvorak: Well, I'm skeptic
I'm
Adam Curry: very skeptical.
Because we've heard this
John C Dvorak: nothing new in
battery technology. 2005
Adam Curry: I have a report here
2005 New Scientist and
rechargeable battery that can be
fully charged in six minutes
last time times as long as
today's rechargeables and could
provide burst of electricity up
to three times more powerful in
a in a Nevada lab. Pa 2011 a
pioneer in battery research who
already successful launch a
three and a $50 million company
to supply batteries to like to
GE and Chrysler has done it
again. Only this time it
represents the complete
reinvention of battery
technology as we know it. It
will fully replace fossil fuels,
especially oil. So we've seen
this
John C Dvorak: and you could
probably get that was 2011 Yeah,
probably go back another 10
years and you'll find some Mills
Adam Curry: This is my setup for
your battery for I have no idea
where your clips are but I
figured I'd say yep, I
John C Dvorak: have no idea.
Okay, this is just a bag. Okay,
I get the battery clips.
Adam Curry: I see batteries for
cars. I'm like this. I got to
set them up. This is perfect.
Unknown: Yeah. Play the clip.
John C Dvorak: To play clip.
Boy, let's go with batteries.
Unknown: Do I want to go
electric or hybrid? The Biden
administration would like you to
the administration wants at
least half of new car sales to
be electric in 10 years. To make
that happen. Car manufacturers
need batteries, lots of them.
But here's the thing, China has
a tight grip on the materials
and production needed to make
those batteries. According to
the International Energy Agency
75% of the world's lithium ion
batteries 2021, the US made only
7%. This is yet another area
where the US and China are
competing on the global stage.
So we thought this would be a
good ask how the US can make
progress on electric cars and
renewable energy when China
dominates the market. We call
almost Hochstein for that he's
the Special Presidential
coordinator for global
infrastructure and energy
security in that role. He
advises President Biden on
energy as a national security
matter. And his portfolio runs
across agencies. So we thought
he'd be a good person to talk
about this. And he's with us
now. Mr. Hochstein? Welcome.
Thank you so much for joining
us.
It's great to be here. Michelle,
it's really great to have this
conversation.
Thanks for that. So to start us
off, is the US in a race with
China to acquire the materials
for these car batteries.
I think we're in a race, not
necessarily within China, but
we're in a race to ensure that
we have for the United States, a
diversified sourcing of these
batteries and solar. So it's not
just about the battery. So if
you think about the way you just
presented, Michelle, we have the
battery in it has a number of
components, and the car has even
more components. And they are in
places like Sub Saharan Africa,
from South and Central America,
Southeast Asia, and we have to
source those. So one thing
President Biden wants to do is
make more of those batteries
here at home. We want to do more
money here at home. But we know
we can't mine in the United
States for everything that we
need. No, we won't have
Adam Curry: it. Go dig up
Canada. Much better. Right?
John C Dvorak: Well, there's
some mines since I think the
Carolinas have some lithium
mines that Nevada is another
place. Of course, Nevada. This
numbers were just I didn't know
this. I didn't know that China
made 75% Of all the batteries
and we made 7%. When did that
happen?
Adam Curry: I don't know. What
happened. By the way, it wasn't
that I read something about
lithium, like the stock stocks
for lithium are way down. For
some reason I read something.
John C Dvorak: So yeah. Do you
know why I don't know why that
is? I looked into it. Okay. But
I couldn't figure out it's just
who knows what, what's going on
with lithium. But we have two
facilities, the United States,
two lithium companies, and
there's a bunch of us you want
to have this. Canada has a
couple of lithium plays that run
on the on one of those. I think
that I don't even know if it's
existing anymore. But they used
to have a stock exchange on the
west coast of Canada that was
just did mining stocks. That was
called a mining stock exchanges
to be penny stocks. And you can
invest in some of these Penny
lithium stocks. I think it might
not be a bad idea. But anyway,
Adam Curry: we don't offer
financial advice. Disclaimer.
John C Dvorak: That yeah, I
agree. Don't Don't listen to us
Adam Curry: ever, ever, ever buy
bitcoin? Don't listen to me.
John C Dvorak: Just don't listen
to him, especially you know,
okay.
Adam Curry: Protect yourself
from a banking collapse. Here
you go.
Unknown: Part two, we don't want
China to control the supply for
the whole world, just like we
didn't want Russia to control
the supply of energy for its
neighbors. So we have to learn
from the mistakes of the Russia
war. And now implement that
here. And make sure that when
you
Adam Curry: learn from our
mistakes from the what is the
Russia war, to Russian warrior?
What Russian war? You know, the
one in Ukraine? Yeah. What does
it have to do with with lithium?
John C Dvorak: You tell me, man
good. So
Unknown: we have to learn from
the mistakes of the Russia war.
And now implement that here. And
make sure that when you buy that
electric vehicle, or you install
that solar panel, that it's not
controlled by one country.
John C Dvorak: You mean China,
which controls 100% of the solar
panels. This guy is great,
Unknown: not controlled by one
country.
So a factsheet, released by the
White House last month said,
quote, The US is increasingly
dependent on foreign sources for
many of the processed versions
of these minerals. Globally,
China controls most of the
market for processing and
refining for cobalt, lithium
rare earths and other critical
minerals and quote, as I said,
this is from the White House.
Yeah, how did we get to this
point where China essentially
has control over this market and
the US is playing catch up.
Over the last 10 years, China
has invested in acquiring mines
in primarily Africa and southern
South America. So they own a lot
of mining. They own a lot of the
refining and processing of those
materials. When they come out of
the ground. You got to turn them
into battery grade material, and
then they want to build the
batteries and we wanted things
cheap. So we were willing to buy
whatever was on the market at
the lowest cost China then
reduce the costs subsidizing it.
We bought the cheap stuff from
them and our own industries went
out of business.
Adam Curry: So what happened to
Elon giga factory? I thought he
had all the answers.
John C Dvorak: Well for him,
Adam Curry: I mean, correct me
if I'm wrong, but China controls
him. I mean, aren't they the
biggest?
John C Dvorak: Well, he's got a
plant there. And they always
threatened him with one thing or
another. Shut up.
Adam Curry: Shut up. Iran Shut
up. Shut up. Iran. Oh, we tap
you on half your money. Your
Tesla. That was my usual thing,
personally. Yeah, very good.
Yes, very good.
Unknown: interested in why this
happened,
the why it's not as much as the
constituency. But maybe even to
the country, what the Chinese
wanted to do was to take away
our industry, we even sued them
under the Obama administration,
and accused them of anti
dumping, meaning that they were
selling product for less than
what they was costing them to
produce. And so because we
didn't think ahead of what does
this do the entire industry,
they essentially took us out of
business. And we didn't really
care because we think about
things in a free market, we
always talk about we want this
to be in a free market. And one
actor in this free market was
acting exactly the opposite.
They were subsidizing and
pouring money into it and using
their influence around the world
to take over the supply chain.
And once we lost the supply
chain, we lost the industry. So
if in 2010, we were the dominant
solar power manufacturer. Today,
we barely even exist. But that's
all about to change.
Adam Curry: Oh, it's all about
the change as we dig up Canada,
John C Dvorak: but it never goes
into how it's about to change.
Well,
Adam Curry: the big change
they're pushing for is hydrogen.
And I was the New York Times had
a pretty big article about
Australia, that Australia would
be the will be the world's
biggest hydrogen producing
nation, because they're going to
put probably Chinese solar
panels all over the Outback.
Yeah. This is great.
John C Dvorak: As you know, we
always forget, we always forget
Michael Moore's documentary that
he the last one that was famous
that he did, which is still
available, you got to scrounge
it up someplace about the
environmental movement.
Adam Curry: Yeah, it was all
about nuclear being the best
thing.
John C Dvorak: Well, that's what
turned out to be but he kept
showing example, after example
of failed experiments for green
energy, including that giant
solar panel that was set up down
in the Arizona desert.
Adam Curry: Oh, yeah, I forgot
about that. Huge.
John C Dvorak: Just be this
would be similar to what was
what's gonna happen with the the
Outback is huge. It was a big
giant lash shop that you went to
visit it was just as in
shatters, it was in tatters? It
was, it was a mess,
Adam Curry: or the Outback
certainly is big. You can put,
John C Dvorak: you know, how
many panels can you get, who's
going to monitor it, you know,
okay, and they're all Chinese
and Chinese are going to, you
know, sell a lot of panels. But
I'm always thinking about this,
you know, there's, there's some
economic thinking where if you
know, somebody's going to pour,
throw money away, and they're
gonna sell you a solar panel for
10 bucks, and 10 bucks of it is
their subsidy. And you're
actually getting the solar
panel, you're paying 10 bucks,
but you're actually getting $20
for the solar panel, right? That
this is a benefit. It's a net
gain in wealth to the receiver.
And the Chinese have done this
in their entire history. And
they always make a fundamental
error at the end, they'd never
cornered the market correctly.
This happened with Chinese and
this and the Japanese silk
industry. The Japanese were
developed a silk industry and
they're making these fine silks.
They had the worms and all the
restaurants somehow, I guess,
over just in the bottom of the
14 1300s 1400s. It was long time
ago. And the Chinese smuggled
some of the silkworms out
because they didn't know about
this and started making silk.
And it took a while but you can
make a lot of bugs and so they
started making soap and they
started making soap that was
good enough to compete with the
Japanese stuff. And they would
lowball them. They would sell it
for 1/10 The price was good,
best price and and this
continued and continued to to
put the Japanese silk people out
of business
Adam Curry: or they come into a
shoe. What does that
John C Dvorak: all hell's
breaking loose around here
Adam Curry: and what's going on?
That's right near that's closer
than normal.
John C Dvorak: I don't know what
They are okay. Anyway
Adam Curry: I like to soak story
keep going
John C Dvorak: so they put this
the show guys in Japan had a
business basically took over the
world silk market and that
became you know silk trading was
a big deal during the Silk Road
and that was called that for a
reason because people were
trading everything they could
get to get this Chinese silk
they never jacked up the prices
What an idiot knows best price
to get the best price we took
over the market why should we
jack up the prices and that's
always kind of been their
attitude it's like we got a
product is making money Where's
not like us we always think
everything in terms of what we
do right corner the market you
know do bunker hunt cornering
the silver market. Let's just
jack it up.
Unknown: No, man's to DC
Adam Curry: now seems like
they're they're at the door,
John.
John C Dvorak: Yeah, go down the
aisle let him in.
Adam Curry: Meanwhile, as we're
on this green energy kick, which
is just a stupid thing, people
just aren't having it. I love
the Brits. You know, the the
Ulez the Ultra Low Emission zone
which is only a part of London
right now, but they want to make
it a lot of London. Where you
know, you you you come into the
Ulez zone and you come in with
the wrong vehicle and you get a
bill and so now the Brits are
just cutting the wires paying
the lenses black ripping them
off sewing them in half. Good.
Yeah, of course. It's good. You
need this kind of vandalism.
This is insane what this mayor
is doing. Sadiq Sadiq Khan.
They're going to install 20 750
of these things. By August.
People are
John C Dvorak: not having it.
pellet guns,
Adam Curry: pellet guns. See,
what else do we have? Whoa.
Sorry. I don't have anything
else on the climate change. Do I
have anything here? Oh, I do
actually. I'm sorry. Yes, I do
have some climate change. This
is the Netherlands. You know,
there's a big vote coming up on
the 15th I think it's the
provincial elections and feared
builders is out who's been under
protection for a while, maybe 15
years or so because there's a
there's a what's it called
against them? Not the jihad but
a firefight get him? fatback
FatBar thought
John C Dvorak: oh, ah, oh,
Adam Curry: it had been because
he was anti immigration. And he
said no, we were not built.
We're not immigration country.
We're not built for all of the
Turlock
John C Dvorak: like that is not
built for a big input of all
kinds of foreigners at all, at
all, at all. And so is it make
any sense
Adam Curry: when so this was
about shutting down the 3000
farms. The farmers are out
protesting again, they went all
the way down to Brussels. And
you know, we studied this
closely. This is one of the the
Tri Cities projects where they
want the Netherlands as you
called it to be a bedroom
community. And so of course,
fielder's is out with his, with
a security detail and he answers
a question about about the
former eliminations, what do you
make of the
Unknown: of the nitrogen
emission reducing policies? What
do you think the real story is?
I think it's it's leftish
rubbish. The real aim here is to
get rid of our farmers for some
leftish nitrogen kind of agenda
to make room for even more
immigrants, asylum seekers and
build houses and centers for
them. And it's something that is
totally different than the
current Elite is telling the
people
Adam Curry: I like leftish I
like like that. Instead of
leftists, I like leftish, I like
left
Unknown: dish dish.
Adam Curry: It's a nice dish we
make here at the restaurant,
it's left dish, it's leftovers.
And of course, climate change is
killing us left and right and
making our travel very, very,
very unpleasant.
Unknown: In the past week,
several airline passengers have
been severely injured or killed
when their flights experienced
severe turbulence on March 1,
seven people were hospitalized
and the plane cabin was left a
mess. When Lufthansa flight
encountered significant
turbulence over Tennessee A few
days later, a woman flying on a
business jet was killed when the
aircraft was violently shaken
and forced to divert to
Connecticut scientists expect
turbulence like this to become
more frequent change Yep,
they're
Adam Curry: scientists expect to
get him you're gonna die in the
sky. We're gonna die in the sky
people.
John C Dvorak: I had a I was on
a plane once and it first
traveling somewhere and I was
sitting next to another a guy
who travelled a lot he was like
a salesman he was traveling
probably two thirds of the
month. So we get into this it
probably done this get into
these horror story exchanges
Adam Curry: while I was on a
flight one time. Yeah. So
John C Dvorak: I we got we got
into this turbulence discussion
and I said to him, we flew over
a the worst turbulence I've ever
experienced, we were coming in
over Ontario. And it turns out
that we were told later because
it threw the plane everywhere,
everywhere. It's just It was a
horrible experience that wings
were about to break off.
Somebody said Are they were?
Yeah, so somebody said oh, yeah,
that they tested the B one
bombers flies fluid flies
around, if you catch the, you
know, if you get into the
turbulence of that thing,
atmospheric river atmospheric
river, it throws you all over
the place. I'm telling the guy
the story says, really? And he
says, you know, first of all,
did all the overhead cabins pop
open and throw luggage all over
the place and hit in the head?
And I said, No. Then he said,
well, then you never been in
turbulence.
Adam Curry: By the way, the
solution to turbulence is a
short slow down, believe it or
not. And that lady who was she
was on the plane with her
husband on the private jet. I
can tell you what, most of the
people who are injured from
turbulence don't have their
seatbelts on.
John C Dvorak: Yeah, that's
absolutely true part because
because the plane drops 10 feet
and you're sitting there you go
up 10 feet and hit your head on
the ceiling. And
Adam Curry: I'll tell you that I
am I always have my seatbelt on
always. I mean, I'm pilot pilots
are not stupid. And the lady in
the in the private jet she did
not ever seatbelt on and she
died from a laceration to the
head who knows she probably got
thrown and hit her head on
John C Dvorak: flying all over
the last. And most people in
private jets don't use
seatbelts.
Adam Curry: I remember Ray lane,
Kleiner Perkins. This was when
he took me and Blum and Marta on
his Galaxy, which is a huge jet
really not challenged as a good
challenger as a global
challenger to fly from San
Francisco with I guess it was
what airport to LA for the
launch of the Tesla which was
the Roadster at the time which
Elon did in or really Sequoia
Capital Elon did it in a in an
airplane hangar and first of all
it was it was wall to wall
private jets five of them from x
Pay Pal guys just it was
everyone came in the private
jet. And this was and this was a
new jet that Ray had. And so I
sat up front in the jump seat
between the two pilots because
you know it was only it's a
short flight from San Francisco
to LA I'm like I'm gonna fly up
front. So I didn't need to sit
the back drinking cognac. So as
we're landing new plane somehow
the pilot made an error and the
nose wheel brake was locked. So
you land on the on the two on
the main landing gear and as the
nose wheel came down the minute
that hit you know, it was like
of course they unlocked it very
quickly. But Ray Lane was in the
back sitting across from Rana
Marta and he had literally said,
this thing is so smooth you
don't even need your seatbelt.
He went flying forward with his
glass of whiskey, everything it
could have been a really really
bad situation. Because these
people are arrogant you get rich
you get stupid. Really
unbelievable. And so this is the
tip. This is a tip we're gonna
give you that is a valid tip.
Always wear your seatbelt even
when doing seatbelt sign us off
everybody. Keep it on. Keep it
on.
John C Dvorak: Yeah, unless you
have to go to the bathroom.
Adam Curry: Yeah, and even then
wait until you're absolutely
certain that there's not a
little lick of turbulence and be
at least 30,000 feet before you
even consider that.
John C Dvorak: Well that's our
tip for the day kind of tip bows
kind of arrogant, elitist tip
that you'd get if your accounts
are lousy donations in the next
segment. And with
Adam Curry: that I'd like to say
in the morning to you and thank
you for your courage the man who
put the sea and dig up Canada
ladies and gentlemen, please say
hello to my friend on the other
end Mr.
John C Dvorak: Kraus in the
morning ships at sea boots on
the ground feed near subs in the
water and all the damos nights
out.
Adam Curry: We noticed what is
happening to trolls and the
troll room who we always say in
the morning to the lips. Let's
count them right away. Oh,
hello, whoa, whoa, whoa, it's
already down to 1450 foot No.
What do we have no.
Unknown: Right I'm gonna I don't
think this is accurate now Hold
Adam Curry: on What do I'm not
getting a count? What's my count
here? 2333 There you go. 2333
and I'm going to keep refreshing
because people are so stupid.
They leave during the donation
segment which by the way, it's
going to be short today, but
this is where the best content
takes place. 2309 We already
lost 27 Shame on them. Shame on
them just by
John C Dvorak: mentioning that
Adam Curry: out it goes 2352
We're down we're debt 2309
Unbelievable. These people
should be ashamed of themselves
they do not care about the
people who support the program.
Because that's what this is. And
you know what the people who
leave they're not they're not
supporters?
John C Dvorak: No, they probably
aren't and they don't care about
us discussing the art 2287 2287
Why they really Belfast Oh yeah.
Adam Curry: Oh yeah, they bail
like little bitches.
John C Dvorak: I'm out of here.
Donation segment all they're
gonna do is bake from laying
Adam Curry: the chanting. Yeah,
well, that's what we do. Anyway,
for those trolls still
remaining. We love you. Thank
you for staying with us. Keeping
it going strong. In fact, turn
up the volume. You will not
regret it. What is this Adam? I
listened to donation segment,
but after the count, I can go
have a life. Okay. And that is
noodle, man. 33 unblock him
forever. Noodle man little man
douche man is what you mean. All
right. Thank you to the trolls.
We do appreciate the trolls.
They're very helpful. And they
can be helpful during the
donation segment as well. That's
why we'd love having you here.
You can go to troll room.io
That's how you participate. You
got a little chat box there. You
can listen to the stream live.
We do this twice a week
Thursdays and Sundays. And it's
like having a live studio
audience. You know, it's and
sometimes we named check yet. I
mean, if your noodle man 33 You
know? Oh, and Doug gave we give
karma for that guy. Oh, man.
It's unbelievable. How mean
people are 2243. We've lost 150
right there. Alright, let's get
to work. All right, good idea.
Of course, you can also download
one of those brand new and
modern podcast apps at podcast
apps.com. And if you get pod,
pod verse or podcast addict,
then it'll actually give you an
alert when we go live with the
show. You log in, boom, you're
in the troll room, we've got the
stream live, even if you can't,
if you miss it, it's your
podcast app, you can listen to
it, and you will get notified
within 90 seconds of publishing.
You do not get that from Apple.
You don't get it from Spotify
from Google Amazon. That is part
of podcasting. 2.0 You can also
follow us at no agenda
social.com It's Adam at no
agenda. social.com John C.
Dvorak at no agenda. social.com.
We're all on the mastodon tip.
We've been doing that for five
years. So we're established. And
I don't know if you I don't
think you can get any more slots
on our server. But you're more
than welcome to follow us from
any Mastodon instance, that has
a million of them. There is more
than a million now. There's not
quite a million, but there's a
lot. It's quite a lot. And yes,
indeed, we always like to thank
our artists who brings us the
artwork, which we choose from no
agenda, art generator.com You
can go there. Now if you're
listening, live and refresh, and
you'll see what the artists are
doing as we speak. You can also
see one of the many many choices
we had for the previous episode,
which was episode 1536. We
titled that killer clown. And
this art was loved by many came
to us from Roger round eat
second in a row. He's going for
the hat trick. This was the
turtle Mitch upside down with
little Chinese crown of course,
signifying Mitch McConnell and
we have we have an update on on
the the the minority leader on
on Mitch on the journal I don't
think so. We didn't that for
this show. We don't. Okay, well,
we hope he's okay. We don't
know. By the way, the extra
seems to stop our bitching
stopped it and that's really
cool. Thanks. If you're still
here, trolls we love you. We'll
be giving away a car to one of
you later today. Roger Thank you
so much. What would we let me
just take a look and just take a
look at
John C Dvorak: what very funny
comment to make about this art
in the no agenda social. Yeah,
he says that's what I needed to
know I needed to humiliate
someone's appearance, humiliate
and he went on and on about, you
know, just everything bad about
the art in terms of being
negative imagery. And he says
that's how you win.
Adam Curry: And you could have
been a part of that conversation
if you were following along. I
don't know agenda social.com Now
there were a number of pieces.
Let's see what did we see we had
some Schultz pieces by The way
you said that lots of people
know the Hogan's hero Hogan,
John C Dvorak: I go God that's
where we got our some of our
early jingles based on Hogan. I
got exactly
Adam Curry: to both of them over
40. So,
John C Dvorak: okay, anybody
who's under 40 That's familiar
with Hogan's Heroes and Schultz
saying I see nothing or anything
like that send an email to
adam@curry.com saying I'm in
that mode John's right. I would
put $1 on it, but I won't I got
the dollar running on the fire
jokes.
Adam Curry: We also have $1
running on something else.
John C Dvorak: I can't remember.
That's longterm in
Adam Curry: December, but I
don't know what it was for.
Anyway, let's take a look we
had. So we have some some shell
stuff. We had the pre show mixed
cassette tape. Now that didn't
work. We had doped gold. We had
some just weird stuff. That
wasn't anything real. I liked
the mastermind. He walked away
with it. He did but I liked the
changes here, which was the
Ukraine flag being peeled back
to show to reveal the Chinese
flag. I liked that. Well. I
liked that one. I didn't like
the cursive letters that were
used instead of bold curry
Dvorak and changes here. And you
said you didn't even see that
what it was you couldn't even
parse it.
John C Dvorak: Right. Which was
mentioned they say Yeah, kinda.
But
Adam Curry: no, I liked that
one. Round he actually had to be
at two different color
backgrounds. And we went with
the obvious beautiful Chinese
red.
John C Dvorak: Yeah, he probably
I'm guessing that he did the
first one. And then he is
thinking about what can I do to
improve it? And because they all
artists do that they if they if
they think is not quite 100%
there and then so when he put
the red background of the
Chinese flag, and then the stars
around his head, yellow may look
even more like the Chinese flag
and that was a winner. I don't
know if the other one would have
won. Hmm
Adam Curry: Well, the one we
looked at was Matthew dropped co
Tucker's big dud we actually
consider that for a second
because it was higher good
higher up on the list. Yeah,
then then the the round anyone
John C Dvorak: like to drop
copies right away?
Adam Curry: Yeah, you did but
then once we once we saw once we
saw what I'm saying it just
seems like Are you hearing me
okay, because people are saying
that the stream is stuttering I
don't know. You sound good.
Okay, well then we're fine then
somewhere else. From January 6
stuff I think that's it and then
all the other stuff is new. I do
love Taunton Neil, who keeps
trying to get us to talk about I
guess she's a she's into
crocheting
John C Dvorak: Yeah, she she
must be
Adam Curry: and well what the
crochet community believe it or
not, there's a crochet community
a quite a
John C Dvorak: bit and there's a
knitting community as a crochet
there's an embroidery community
have meetings that got a lot of
Americans show sewing machine
shops, and you go into a bunch
of women go in there they all
get a machine to dick around
with so they learn how to do
certain tricks.
Adam Curry: So what what they
were trying to do and what has
been very disappointing to the
crocheting community see this is
the kind of content that people
are missing out on if you want
to have an artificial
intelligence create a crocheting
I guess, is it a pattern or
whatever the crochet errs go to
template. Yeah. And so they
would upload a picture of curry
Dvorak. And, and the crocheting
template that came out was not
really cool looking for us
couple of balls. Yeah, we look
really stupid. It was no good.
It was no good. So I don't think
we're ever going to choose
anything. We're probably not
even going to talk about the
topic except in the donation
segment where all the good stuff
happens to Neil. Interesting,
our stream is dead. I have no
idea why my people I'm
connected. I have no no idea
what people are having a
problem. Okay, mothers have to
deal with it. And you know what,
that's what happens when
everyone leaves all of a sudden
in the streams can be their
fault, their fault. Thanks,
trolls. Good work. And thank you
very much, Roger. roundy. Two in
a row. The way it works here is
if you get three in a row, you
get a hat trick. And that comes
with all kinds of prizes. Yeah.
John C Dvorak: That in two bucks
give you a cup of coffee. This
is
Adam Curry: a value for value
program. That's why you don't
hear and we could be playing
ads, by the way with a million
listeners per show. That's 1000
CPMs. Let's say we read two
spots about $25. We could do
$50,000 In Episode Two
John C Dvorak: Yeah, for as long
as until they found this out
Adam Curry: until they figured
out what we were talking about.
And we'll be over very quick. So
we exist by the grace of the
people who feel they've received
value from this program. And
let's be honest, you got a lot
of value today. You don't have
to worry, you know what's coming
up. You'll be the smart person
in the room, Monday at school or
at work, and I know what's going
on with the Silicon Valley Bank
thing. I know what's going on.
We're moving to China. Don't
worry, don't be freaked out.
Don't get so upset. You'll be
the one that has that calm. And
that piece over you. Surely that
is worth some value. And to some
people it is and they return
that in the form of time, talent
and treasure, which is all we
request. Many people do lots of
things for us. We have people
who also helped produce the
program with clips and, and
websites and other boots on the
ground information. But of
course, we also need some
treasure and the time talent and
treasure department and Rob wing
is our top executive producer
today. He's from Essex from
Epping in Great Britain $500 And
he says hey John and Adam and
said he has a longest donation
no but since it's short and he's
the top I'm going to read it all
on a second there we go. Hi,
John, Adam Rob wing from Essex
here for those that don't know
Essex is in the UK it's much
like East London but with lots
of trees. Big fan of the show
for ever since I heard Adam on
JRE around three years ago
broken donation I really
appreciate all you guys do and
of course what the producers do
before we go further I have to
admit this is my first donation
so obviously I need to de
douching obviously you need that
Unknown: you've been de duced
Adam Curry: nice to see things
are unraveling with the lockdown
files you in the UK. Apparently
the telegraph paper has enough
content for the next three
months. Oh, this is the the
WhatsApp chat files. So I'm
looking forward to when they get
to the vaccine efficacy. It's
not getting a huge amount of
coverage in the UK for reasons
the listeners will understand.
But the information is starting
to get out there more and more
even the BBC reported on it and
that's saying something you
think there will be more outrage
but either people aren't aware
or like my douchebag brother in
law, Ronan drone. Ronan, they
simply don't want to know but
these are the same people that
were happy to belittle me or
lump me in with the Flat
Earthers at the time for
questioning the narrative or for
not taking the vaccine accepting
the vaccine into my life. I'd
appreciate a douchebag jingle
for the inlaw just done Lastly,
I want to thank my smokin hot
wife Laura who appreciate you
keeping my amygdala small love
his lips as Rob and he wants a
Don't eat me. Bow Jaiden Okay,
oh hold on a second. Don't eat
me bow Jaiden Where is where is
that bow? Jaiden Don't eat me.
Is it? Is it we have a bow
John C Dvorak: Don't eat me.
Yeah, but I bow Jaiden all I
Adam Curry: have is Hillary This
is very weird. Don't eat me bow
Jaiden
John C Dvorak: get bored Jaden.
Adam Curry: Yeah I'm looking at
Bo Jaiden oh here we go for some
reason. Oh apostrophe go figure
followed by a good karma we got
it for karma.
John C Dvorak: jermichael Clink
is up next. clink clink clink.
Oh god. Lombard Illinois, ITM
guys, okay, I can take a hint.
All the Hogan's Heroes talk talk
last show it's been a while
since my last donation ah ha
drummed up a donation if you
could play Fletcher yelling
Hogan
Adam Curry: that would that
doesn't exist
John C Dvorak: I don't think it
does either. We had Fletcher do
all this stuff based on the
based on
Adam Curry: Hogan but we never
actually but you know what, as I
was because I looked just to
make sure Fletcher has done some
outrageous stuff for us if you
don't mind. We had that one. And
we had
Unknown: ladies and gentlemen.
It is time to Ramallah eyes.
It's a little bit funny. No,
it's not
Adam Curry: he has done so much.
Oh, I don't know where that came
from. Oh, this is a good one.
Unknown: Ah, happy birthday.
Adam Curry: Anyway, no, we don't
have that one. So you just got a
nice night.
John C Dvorak: Hill says one
end. Oh, I hope so.
Unknown: I hope so.
John C Dvorak: All right. Well,
that was
Adam Curry: it. Oh, yeah. Well,
that was easy. way he wanted to
wait a minute, but yeah, but
what does that tell you? We miss
Masimo I think we missed
Massimo. Yeah, we missed out.
Yeah. Masimo Cattaneo Oh, I miss
Masimo okay, you can read that
when he's from Noosa Heads in
Queensland, Australia. John,
Adam, please expect this bag of
threes. That's 333 dot 33 from
Masimo from kin kin Queensland,
Australia, the equivalent of
goats Gulch from my Damond I go
karma for everyone, because we
will need it and donate every
once in a while. People cheat.
Oh, thank you. You've got karma.
John C Dvorak: I believe that
was Chow. When I say she out.
Okay, Ciao. Ciao, ciao to David
in Grapevine, Texas. Switcheroo
for Dame Karen. Okay, we can do
that up done. New Jersey and big
goat to my best girl, the newly
minted Dame Karen who will be
celebrating her birthday on 313
as a dame because a birthday to
you. I'm not she's on the list
that we usually put some yellow
in here. I know this isn't
exactly. I know. This isn't the
exact ring she keeps asking for.
But hopefully it will do for
now. No agenda has been the
official podcast of the road
trips. And as we come to realize
our exit strategy of life on the
road. We look forward to many
more years and at least one more
presidential campaign.
Adam Curry: Season of wishful
thinking wishful thinking this
John C Dvorak: coming verb
placeholder name will be named
Karen keeper of the travel
hounds. And she will have a Pino
Taj from the Stellan bike
region, and black in red snapper
and asparagus. Oh, ISAC. I was
confused by the React she's
getting a ring but she's getting
our ring. She wants a wedding
ring.
Adam Curry: Oh. Now we
understand now the monkey comes
out of the sleeve. We got it.
John C Dvorak: Okay, and she
says black and red snapper and
asparagus. Happy birthday. Damn,
Karen.
Adam Curry: I was going to ask
you we had a wine. The other
night we were invited to a
dinner. And I enjoyed this very
much. I wanted to mention it to
Utah ask you what you thought it
was a Spring Mountain vineyard
ellevet 2004
John C Dvorak: Are you for
Spring Mountain Vineyards a very
famous place it was this literal
set for the soap opera Falcon
Crest.
Adam Curry: Oh, I love Yes, I'd
love Falcon Crest. We'd love
Monza of LeMans LeMans Oh, man.
What was that guy's name Lorenzo
de mas Lamaze Lorenzo Yeah,
John C Dvorak: they were very
popular winery back in his 70s
ca when they first cropped up,
and they've always had decent
one. I haven't had a Spring
Mountain line probably for 20
years. So I can't tell you much
about it.
Adam Curry: Well, because it was
a 2004 so literally almost 20
years ago. Yeah, it was great.
Was really dynamite.
John C Dvorak: Was it a
Cabernet?
Adam Curry: Yes kind
John C Dvorak: of
characteristics today? Yeah, I
think a Cabernet artistica mirlo
Adam Curry: No like a Cabernet
it's it was bold. I would say
Minton by medium not you know if
you have smooth tannic it was
dry a little bit acidic. Tasted
notes of blackberry, plum, dark
fruit, oak tobacco chocolate.
Enough little leathery, earthy
smoke. Reading from the app,
John C Dvorak: bird Haitian
orange and my all time favorite.
Adam Curry: Edward Musial of
Waterford, Michigan 222 dot 10
row of ducks and then a stick in
return for hours of beans
listening in the spirit of red
pilled America support what you
love or it goes away. This is so
true. F guess or F canceled for
Derek hunter. He says
Unknown: you've got karma
Adam Curry: words. True words
were never spoken Edward. Thank
John C Dvorak: you. Yeah,
actually that's quite something
to note. Brian agro in
Cumberland Michigan. ITM please
de douche me. You've been D
deuced. Other ways donation.
21687. And I should if I didn't
mention it, but our Texan is 313
The switcheroo for Dame Karen. I
don't know if I said the price.
Oh, Kimberly Maine, by the way,
not come on in Michigan.
Cumberland, Maine. IGN. Please
do Wish me a possible exit
strategy for you. He's got to
deduce. Sorry. Turn me turn the
show. Turn the show no. Turn the
after show. More from what are
you reading now? I'm trying to
figure out what he's saying. He
Adam Curry: says turn the after
show mixes from COVID into a
Broadway musical Can you not
read? It's
John C Dvorak: just so no, I've
got blurry vision this reason
all right. Please call my
brother, Dan a douchebag. Bring
back to three by three jingles.
Three by three and John's ot G
OTG going to OTG and that's not
mine. That's just my song. Brian
agro of Cumberland Maine.
Welcome back to three by three
jingles three by three. Okay. He
wants to do
Unknown: this show. Send your
cash. You will obey. Now it's
time for a three by three.
Experiment by JC talking about
comparisons don't refund ABC,
CBS and NBC
Adam Curry: three and here's
what he asked for.
Unknown: John Cena Borak
Bakelite today's Teddy K he's an
OTG
Adam Curry: kind of guy right?
That's not the one I think this
is the one OTG going oh, that's
your song Baby right there.
Who's
John C Dvorak: gonna guy? Yeah,
and then you did a bit on OTG
TMZ Yeah,
Adam Curry: we don't do that
anymore. Because we lost
everybody to tick tock so yeah,
now we're just telling people to
not listen at two times speed
you know not kill yourself.
Thank you, Brian. Nice idea.
Yeah, not gonna happen. We do
have some I received five column
five and of show mixes all
beautiful songs. I received a
couple like from Sir Brian with
an eye which are meant to be the
equivalent of shoving bamboo
sticks under your fingernails
John, so I'm going to refrain
from playing that. But it was
good. It was good by the old
standards. So get your singing
caps on people. Sir Baron John
Helmer from Shawnee Kansas our
last donation This is very short
eight donors for executive and
Associate Executive producers.
This is very very poor showing.
John C Dvorak: Yes seven
actually.
Adam Curry: The UK right seven
were to 1537 in the morning John
Adams sending value for value
$200 plus a show donation of
1537. That's interesting way to
do that like that. No jingles
but I'd like a shot of sales
karma to meet quota for the
second half of our fiscal year.
Thank you for your courage sir
Baron John, Helmer Shawnee,
Kansas so I will give you some
of that sales karma so we're
gonna go real quick here through
the through the $50 donation.
John's gonna give it to him when
I get set up for our meetups
everything short today and be
very
John C Dvorak: $2 Yeah, they are
the meetups a short to learn
today dollars and 85 cents comes
from Peter Berg. Rajesh nig.
Rajesh, Nick, we love
Adam Curry: this guy. We can't
nobody can pronounce your
pronunciation guide brother. We
John C Dvorak: were struggling
Thornton. Colorado struggling
Adam. Burt generic Burgener in
couple brother Copperas Cove
Copperas Cove Texas 100. You
should not have debt goes.
Anonymous. I got that one. In
Vorhees New Jersey. 100. Surely
and Gurney Ville I'm sorry.
Guerneville Yeah, there you go.
Used to be called Gurney Ville
when I was a kid they always
flood flood it's flooded flooded
city. 100 Boom. Kevin McLaughlin
locusts, North Carolina $8 and
$80.08 love that Chris O'Hara in
Hummelstown Pennsylvania 7773.
I'll get a count on Kevin
Mickelson's record. Okay, so
getting into the Guinness Book.
Adam Curry: You know, we could
we could probably enter that.
Yeah, it's worth probably worth
try it.
John C Dvorak: Worth a shot.
Devin Roderick Painesville
Washington. 75. Peter Wait a
minute. St. Peter Peters on
again. From righteous stick
Peter righteous niggy In
Thornton, Colorado. He's back
was 6934 Not at all public
school teachers bent on what
that means. Sir Kevin McLaughlin
is back with 606 A small booth
small boobs nice for these two
guys. We'd be doing poorly.
Yeah. Michael Bundy in
Knoxville, Tennessee. 606 also
small boobs. Adam keeps dragging
and unresectable he's
Adam Curry: no John. I don't do
that. This John. What? What are
you talking about? I'm father of
eight human resources. We had
the snip to be done with Kids
The jokes are just part of
accepting consequences of the
choices we make. I don't rag on
them. I'm proud of you
John C Dvorak: and well, you've
done well. You've done your
part.
Adam Curry: Yeah, you should
just I mean, you must be tired
brother. That's all I can think.
John C Dvorak: 30 days probably
still tired. Norristown
Pennsylvania 5555 clock boy
Adam Curry: clock boy has a
message for us Don't forget to
set your bombs forward one hour.
Oh man, remember Obama he had
clock boy come to the White
House.
John C Dvorak: Oh yeah clock boy
the phony Highland heights and
Kentucky's with this clock boy
because of 5510 Yeah, then the
next thing you know he moved to
Libya. This is the clock boy
situations what got me kicked
off. Initially from the note
from the from twit he'll report
show.
Adam Curry: Yeah, because you
were saying it was bull crap.
And they were all in on clock
boy. Oh, yeah, they
John C Dvorak: bought cluck boy
hook line and sinker, which is
what you can expect on most
podcasts? Yeah, not this one.
David shrinking me get her. in
Woodbridge, Virginia 50. These
are $50 donors. There's not too
many of them. Margarita and Eden
hood in Orangeville, California,
Carrie Cunningham in Warrenton,
Virginia. Gavin McGoldrick in
San Francisco, California
Fletcher Scaife, Scapy Scapy and
Wilson, North Dakota. Gary Mau
in Woodland Hills, California,
Michael Wendell in Matawan New
Jersey. chasten I borrow in
Northridge, California. Stephen
crummy in El Cajon, California.
Sure. 33 megahertz in Kelowna
Kelowna I think is Kelowna BC
and he's got a funny little note
there and then William dole gay
I would last but not least 31
Total donations in Bristol Ville
Ohio really poor I don't
understand why fell off like
that.
Adam Curry: Well, it's because
people are like, man, and no
more good indoor show mixes
we're just we're not gonna
donate.
John C Dvorak: Well, they're
gonna get a good one today.
Adam Curry: Apologies everybody.
What happened is some douchebag
unleashed a DDoS attack on our
stream the minute we hit the
donations because it's funny,
you know, it's funny to do that.
Why don't we not stream anymore?
I'm tired of it. I'm tired of
trolls. I'm tired of the stream
being being attacked. We're
under attack John.
Unknown: You love it?
Adam Curry: Was that it? That
was it. Right? That was it?
Yeah,
John C Dvorak: that's it. That's
our full group of well wishers
and supporters for show 1537
Want to thank each and every
one,
Adam Curry: man. Yeah, make no
mistake. We love you. Thank you
for supporting our show. Thank
you for supporting your show. It
is after all, the best podcast
in the universe because of you.
If you'd like to learn more
about where you can donate
evora.org/and
Unknown: A special
Adam Curry: thanks to our
executive one wasn't one
executive know what we had three
executive producers for
executive producers and three
Associate Executive producers.
Hey, you're gonna look good on
the credits today. They are
forever credits they are they
will stay with you for as long
as you live and beyond register
them@imdb.com They are accepted
there you'll see lots of
heavyweights in the
entertainment industry have
these credits of course I am
your LinkedIn or on your resume
it all looks good and unlike the
phonies in Hollywood you'll be
watching tonight at the Oscars
we will vouch for you if anyone
ever questions them thank you
for supporting the no agenda
show for episode 1537 heart
formula
Unknown: is this we go out we
hit people in the mouth
Adam Curry: Well, we're gonna
keep everything short today.
David Buss four wishes his
grandson Michael Big Mike Mr.
Happy Birthday you're turning
three on the 10th Ah love the
entertainment keeper of the
travel hounds wishes Dame care
and a happy birthday. Her
birthday is tomorrow and we say
happy birthday to everybody here
at the back office and the front
office of the best podcast in
the universe. And we have one
Dame to bring up on onto the now
she's getting a ring today. Not
the ring she may be wants but
it'll be a good start this ring.
Unknown: Yep. You're gonna go.
Yes,
Adam Curry: because you're
getting you're getting double
teamed by the blades there.
Karen. Step on up on the podium
please. Thanks to the man who
you would like to be your
husband. He's he's getting a
step in the right direction with
this one. He has supported you
in the amount of $1,000 or more
therefore we are very proud to
pronounce the Kate you today as
Dan Karen, keeper of the travel
hounds for you. We've got rent
boys and Chardonnay. I don't
think you need the hookers. And
bloke certainly not for for your
man now wouldn't want to have
make a mistake there. Also,
we've got a Pino Taj from the
Stellenbosch Regan region and
black and red snapper and
asparagus along with that in
case you want it back to Manila,
we got some bong hits and
bourbon we got some ginger ale
and Jerboas to get breast milk
and pablum, but you might enjoy
the mutton in Mead and scurry on
over to Noah the
nation.com/rings Anyone can go
take a look at these. They're
beautiful rings, they're Signet
rings so you can seal your