5/2/23:'Godfather Of AI' Says SHUT IT DOWN, DeSantis Freaks Over Guantanamo Allegations, 2023 Bank Failures, Leaked Tucker Video, Covid Natural Origin, Commercial Debt Bomb, James Fox "Moment of Contact"
Guest James Fox, a UFO filmmaker, joins Krystal and Saagar to discuss his documentary "Moment of Contact" and new video evidence of a potential alien encounter in Brazil. Other topics include AI warnings, debt ceiling crisis, commercial property debt bomb, media trust, leaked Tucker Carlson video, and the collapse of Vice News.
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Quick takeaways
The recent bank failure is the second largest on record, indicating significant turmoil in the banking sector.
James Fox's documentary, 'Moment of Contact,' explores an alleged UFO crash in Brazil in 1996.
The commercial real estate market crash could be worse than the 2008 housing crisis.
Fox Nation, PNN Plus, and Vice are struggling due to their inability to create engaging content and adapt to changing business models.
The lab leak theory of COVID-19 and the need for increased transparency regarding unidentified aerial phenomena (UAP) and related materials.
Deep dives
Failed Banks in 2023 Larger than 2008
The three banks that failed this year had a total of $532 billion in assets, surpassing the $526 billion held by the 25 banks that collapsed in 2008.
Second Largest Bank Failure in History
The recent bank failure is the second largest on record, indicating significant turmoil in the banking sector.
Failure of 500+ Federally Insured Banks
Between 2008 and 2015, over 500 federally insured banks failed, with many being absorbed into other institutions.
First Republic Bank Sold to JP Morgan Chase
First Republic Bank, involved in the recent bank failure, was sold to JP Morgan Chase, making it one of the largest banks in the world.
The Roswell of Brazil: A Documentary Investigating an Extraordinary UFO Incident
James Fox's documentary, 'Moment of Contact,' explores an alleged UFO crash in Brazil in 1996. Eyewitness testimonies from military officers, civilians, and other individuals provide compelling evidence of the incident. The film highlights the extraordinary nature of the event and encourages viewers to keep an open mind. Fox addresses skepticism and emphasizes the credibility of the witnesses involved.
Commercial Real Estate Crash Could Surpass the 2008 Housing Crisis
A Morgan Stanley report warns that the commercial real estate market crash could be worse than the 2008 housing crisis. Factors such as the shift to remote work, increasing mortgage rates, and a significant wave of loan refinancing contribute to the potential collapse. Occupancy rates for offices have decreased dramatically, leading to concerns about the value of vacant properties. Additionally, smaller banks, who hold a significant portion of the commercial real estate debt, may face defaults and insolvency as they struggle to refinance.
James Fox's Documentary Reveals Eyewitness Testimonies of a UFO Crash in Brazil
James Fox's documentary, 'Moment of Contact,' presents compelling evidence of a UFO crash in Brazil in 1996. Eyewitness testimonies from various individuals, including military officers, firemen, and civilians, provide genuine accounts of the incident. The film challenges skepticism by portraying the firsthand experiences of ordinary people. It invites viewers to consider the possibility that something extraordinary occurred in Virginia, Brazil.
The Decline of Media Companies: Fox Nation, PNN Plus, and Vice
Fox Nation, PNN Plus, and Vice are struggling due to their inability to create engaging content and a platform that resonates with audiences. They are facing financial difficulties, with Vice reportedly heading towards bankruptcy after firing employees and struggling to find a buyer. These companies, once seen as groundbreaking and influential, failed to adapt to changing business models and the shift away from social media monetization. Their high overhead costs and focus on ideology over innovation contributed to their downfall. This highlights the challenges faced by media giants from the 2010s as the landscape continues to evolve.
Lab Leak Theory and Government Secrecy
The podcast episode discusses the lab leak theory of COVID-19 and how certain media outlets and officials initially dismissed it. The Atlantic's attempt to defend the natural origin hypothesis was based on flimsy evidence, which was later debunked. The focus then shifts to Dr. Fauci's response to the lab leak theory. He tries to downplay the risks associated with lab leaks by arguing that the virus wasn't engineered. However, the podcast questions the natural occurrence of an infection resulting from human interference in the form of research conducted in caves. The conversation highlights government secrecy and the need for increased transparency regarding unidentified aerial phenomena (UAP) and materials linked to them.
Krystal and Saagar discuss Biden blinking on the Debt standoff with McCarthy, the 'Godfather Of AI" making public calls to shut down development, Republicans develop their first AI political attack ad, ChatGPT nukes Chegg's 'Homework' Business, DeSantis freaks when questioned over allegations he took part in torture at Guantanamo, how the Disney lawsuit is a dangerous corporate power grab, revelations that the 2023 bank failures are bigger than 2008, JP Morgan and Jamie Dimon become way too big to fail with purchase of First Republic, polls show that Americans overwhelmingly blame the Media for the country's division, leaked video from Tucker shows him shredding Fox Nation live streaming, Vice News being weeks from bankruptcy, Saagar looks into how the Covid natural origin theories fall apart, Krystal looks into the Commercial Property Debt Bomb that could destroy the economy, and we're joined by filmmaker James Fox to discuss his documentary "Moment of Contact" and reveal new video evidence concerning a potential alien encounter in Brazil.
