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♪ ♪

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♪ ♪

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[CHEERS AND APPLAUSE]

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>> John: WELCOME, WELCOME,

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WELCOME TO "LAST WEEK TONIGHT"

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I'M JOHN OLIVER.

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THANK YOU SO MUCH FOR JOINING

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US.

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WE'RE BACK!

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AND WE MISSED A LOT OVER THE

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LAST FEW WEEKS: A PARASITIC

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INFECTION HAS CAUSED EXPLOSIVE

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DIARRHEA ACROSS THE COUNTRY,

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LINDSEY GRAHAM DIED AND MITCH

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MCONNELL...

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MAYBE DIDN'T?

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GRAHAM PLATNER DROPPED OUT OF

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MAINE'S SENATE RACE, THE U.K.

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GOT A NEW PRIME MINISTER, OPEN

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AI SAID ITS AI WENT ROGUE AND

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LAUNCHED AN UNPRECEDENTED CYBER

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ATTACK, AND IRAN'S NEW LEADER IS

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NOW APPARENTLY MORE OPEN TO

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PURSUING A NUCLEAR WEAPON.

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AND YET, SOMEHOW, IN THE MIDST

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OF ALL THAT, THIS HAPPENED, TOO.

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>> A PECULIAR LITTLE RACCOON IS

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TAKING THE INTERNET BY STORM,

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AND NOW HE'S BECOME AN UNLIKELY

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CELEBRITY IN SEATTLE.

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>> IT LOOKS LIKE HE WAS SQUISHED

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UP AND HUNCHED OVER.

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>> PERCHED THERE ON THE

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FENCEPOST, THIS UNUSUAL YET

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ADORABLE FUR BALL IS NONE OTHER

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THAN JIMOTHY.

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YEAH, YOU HEARD THAT RIGHT.

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HE'S GOT A NAME AND THE INTERNET

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HAS IDENTIFIED HIM AS A SHORT

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SPINED RACCOON.

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HE'S BECOME SOMEWHAT OF AN

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INTERNATIONAL SENSATION.

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>> I THINK JIMOTHY HAS COME TO

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US AT A TIME WHERE EVERYONE JUST

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NEEDS SOMETHING TO RALLY AROUND.

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>> John: YEAH, HE HAS.

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WE NEEDED THIS BUSTED RACCOON!

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SO BAD.

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AND PEOPLE HAVE GONE TO TOWN

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CELEBRATING HIM -- FROM THE FACT

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THAT, IF YOU GOOGLE "JIMOTHY,"

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AN ANIMATED VERSION SCURRIES

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ACROSS YOUR SCREEN, TO THE

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SEATTLE MARINERS PUTTING UP THE

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PHRASE, "MAKE NOISE FOR JIMOTHY"

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ON THEIR JUMBOTRON.

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IT TURNS OUT, THE WORLD IS SUCH

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A MESS RIGHT NOW, THE ONLY THING

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THAT COULD TRULY UNITE US WAS A

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DISHEVELED RACCOON WITH THE

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POSTURE OF AN ARTHRITIC BOG

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WITCH.

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JIMOTHY IS NOT THE HERO WE NEED,

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BUT HE'S THE HERO WE DESERVE.

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BUT RATHER THAN FOCUS ON

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EVERYTHING WE'VE MISSED OVER THE

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LAST FEW WEEKS, WE'RE ACTUALLY

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GOING TO DIVE STRAIGHT IN WITH

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OUR MAIN STORY THIS WEEK, WHICH

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CONCERNS DONALD TRUMP, A MAN WHO

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-- OFFENSE VERY MUCH MEANT --

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LOOKS LIKE HE'S SLOWLY TURNING

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INTO MRS. DOUBTFIRE.

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SPECIFICALLY, WE'RE GOING TO

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LOOK AT SOMETHING TRUMP'S

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DEDICATED A LOT OF ATTENTION TO

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OVER THE LAST FEW YEARS: CRYPTO.

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HE'S EVEN CALLED HIMSELF THE

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"FIRST CRYPTO PRESIDENT," WHICH

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IS A PRETTY BIG TURNAROUND,

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GIVEN JUST FIVE YEARS AGO, HE

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NOT ONLY CALLED BITCOIN "A

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SCAM," HE WAS ALSO GIVING

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INTERVIEWS LIKE THIS.

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>> DO YOU EVER DABBLE IN BITCOIN

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OR CRYPTOS?

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>> I DON'T.

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I LIKE THE CURRENCY OF THE

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UNITED STATES.

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I THINK IT'S, YOU KNOW, I THINK

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THE OTHERS ARE POTENTIALLY A

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DISASTER WAITING TO HAPPEN.

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I DON'T KNOW.

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I DON'T -- I FEEL THAT IT HURTS

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THE UNITED STATES CURRENCY.

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I THINK WE SHOULD STRENGTHEN --

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WE SHOULD BE INVESTED IN OUR

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CURRENCY, NOT IN -- THEY MAY BE

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FAKE.

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WHO KNOWS WHAT THEY ARE.

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>> John: YEAH, TRUMP WASN'T A

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BIG FAN OF "CRYPTOS" BACK THEN.

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AND THAT CONVERSATION'S

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BASICALLY WHAT YOU'D EXPECT FROM

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TWO SEPTUAGENARIANS TALKING

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ABOUT BITCOIN.

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IT HAS THE SAME VIBE OF CRANKY

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BEFUDDLEMENT AS STATLER ASKING

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WALDORF WHAT HE THINKS OF

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ETHICAL NON-MONOGAMY.

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STU VARNEY IN PARTICULAR THERE

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SOUNDS LIKE A GRANDPA

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DESPERATELY TRYING TO FIND

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SOMETHING TO TALK ABOUT WITH HIS

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TEENAGE GRANDSON.

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"SO, DO YOU DABBLE IN THE

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CRYPTOS?

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ARE YOU ON THE TIKTOKS?

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I SAW ON THE EVENING NEWS THAT

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CHARLI D'ARMADILLO IS PRETTY

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POPULAR RIGHT NOW.

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PLEASE JUST SAY ANYTHING TO ME,

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I'M GONNA BE DEAD IN 5 YEARS."

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BUT SINCE THEN, TRUMP'S HAD A

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PRETTY SIGNIFICANT CHANGE OF

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HEART -- TO THE POINT THAT, IN

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2024, HE DELIVERED THE KEYNOTE

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AT A BITCOIN CONVENTION, WHERE

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HE SAID THIS.

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>> THOSE WHO SAY THAT BITCOIN IS

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A THREAT TO THE DOLLAR HAVE THE

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STORY EXACTLY BACKWARDS.

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I BELIEVE IT IS EXACTLY

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BACKWARDS.

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THIS AFTERNOON, I'M LAYING OUT

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MY PLAN TO ENSURE THAT THE

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UNITED STATES WILL BE THE CRYPTO

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CAPITAL OF THE PLANET, AND THE

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BITCOIN SUPERPOWER OF THE WORLD,

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AND WE'LL GET IT DONE.

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IF BITCOIN IS GOING TO THE MOON,

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AS WE SAY, IT'S GOING THE MOON,

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I WANT AMERICA TO BE THE NATION

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THAT LEADS THE WAY.

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AND THAT'S WHAT'S GOING TO

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HAPPEN.

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>> John: NOW, IF YOU'RE NOT A

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CRYPTO PERSON, "GOING TO THE

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MOON" IS A CATCHPHRASE IN THAT

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WORLD.

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WHICH IS WEIRD, AS I ALWAYS

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ASSUMED THE OFFICIAL CATCHPHRASE

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FOR CRYPTO WAS "A FIRST DATE

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CONVERSATION'S WORST NIGHTMARE."

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AND WHILE THERE ARE SEVERAL

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POSSIBLE EXPLANATIONS FOR WHY

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TRUMP MADE SUCH A 180 ON CRYPTO

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-- INCLUDING THAT HE SAW AN

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INDUSTRY WILLING TO SPEND A

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SHITLOAD TO HELP GET HIM ELECTED

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-- I'D ARGUE THE BIGGEST ONE IS

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PROBABLY THAT TRUMP REALIZED

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JUST HOW MUCH MONEY HE,

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PERSONALLY, COULD END UP MAKING

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FROM DEALING WITH A SPECULATIVE

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ASSET -- BECAUSE IT'S TURNED OUT

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TO BE A LOT.

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HIS RECENT FINANCIAL FILINGS

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SHOW THAT, IN JUST HIS FIRST

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YEAR BACK IN OFFICE, HIS

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PERSONAL INCOME SURGED TO MORE

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THAN $2.2 BILLION, MOST OF WHICH

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CAME FROM HIS FAMILY'S CRYPTO

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BUSINESSES, WHICH BROUGHT IN

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ABOUT $1.4 BILLION.

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IN FACT, CRYPTO'S BECOME THE

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TRUMP FAMILY'S DOMINANT BUSINESS

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INTEREST, OVERSHADOWING THEIR

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REAL-ESTATE EMPIRE AND EVERY

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OTHER BUSINESS THEY'VE EVER HAD.

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AND AS THIS ETHICS ATTORNEY

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EXPLAINS, THERE'S A CRUCIAL

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DIFFERENCE BETWEEN CRYPTO, AND

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ALL TRUMP'S OTHER VENTURES.

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>> PRESIDENT TRUMP HAS SOLD

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STEAKS.

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HE'S SOLD GOLD SNEAKERS, BIBLES,

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HOW IS THIS ANY DIFFERENT?

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>> AT LEAST THOSE HAD SOME

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INTRINSIC VALUE.

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THIS IS LIKE A PERFECT VEHICLE

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TO FUNNEL MONEY TO HIM AND HIS

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FAMILY TO ENRICH THEM.

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>> John: RIGHT.

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ALTHOUGH, PERSONALLY I DO TAKE

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ISSUE WITH THE IDEA THAT THE

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TRUMP STEAK OR SNEAKERS HELD ANY

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INTRINSIC VALUE.

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BECAUSE IF, GUN TO MY HEAD, I

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HAD TO EAT ONE AND WEAR THE

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OTHER ON MY FOOT, I'M PICKING

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SHOE FOR FOOD AND STEAK FOR

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SHOE.

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AS FOR TRUMP'S BIBLES, I'LL JUST

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POINT OUT THE WEBSITE THAT SOLD

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THEM HAD A QUESTION ON THEIR FAQ

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THAT SAID "WHAT IF MY BIBLE HAS

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STICKY PAGES?"

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WHICH COULD ONLY GET MORE

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OFF-PUTTING IF THE ANSWER

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PROVIDED WAS JUST, "BLAME

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CRAIG."

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SO GIVEN ALL THAT, TONIGHT,

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LET'S TALK ABOUT TRUMP, HIS

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CRYPTO HOLDINGS, AND WHAT THEY

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MEAN FOR ALL OF US.

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AND RIGHT OFF THE BAT, I SHOULD

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SAY, TRUMP AND HIS FAMILY HAVE A

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TRULY ABSURD NUMBER OF

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CRYPTO-RELATED VENTURES INVOLVED

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IN ALL SORTS OF BUSINESS DEALS,

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TO THE POINT THAT THOSE WHO'VE

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TRIED KEEPING TRACK OF THEM HAVE

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WOUND UP MAKING DIAGRAMS LIKE

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THIS.

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WHICH LOOKS SO INTRICATE, IT'S

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LIKE SOMEONE TRIED TO MAP OUT

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ALL THE RELATIONSHIPS ON

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"VANDERPUMP RULES."

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A SOLID LINE IS DATING, A DASHED

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LINE IS EXES, AND A DOTTED LINE

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IS HAND STUFF.

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AND DON'T WORRY.

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WE'RE NOT GOING TO TALK ABOUT

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ALL THE TRUMP FAMILY'S CRYPTO

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INVOLVEMENTS -- FOR INSTANCE,

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I'LL SPARE YOU THE DETAILS ABOUT

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ERIC TRUMP'S BITCOIN-MINING

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COMPANY, EXCEPT TO SHOW YOU THIS

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CLIP OF HIM EXPLAINING THE

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BRILLIANT WAY HE HELPED HIS

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PARTNERS COME UP WITH ITS NAME.

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>> I'LL NEVER FORGET SAYING TO

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THEM, "LISTEN, IT'S GOT TO HAVE

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TWO WORDS IN IT.

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IT HAS TO HAVE "AMERICA."

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AND IT HAS TO HAVE "BITCOIN."

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AND ONE OF THE TWO GUYS SAID,

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"LISTEN, ERIC.

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AMERICAN BITCOIN.

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THAT'S GOT TO BE THE NAME."

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>> John: HOLY SHIT, ERIC, THAT'S

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SO SMART.

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I MEAN, IF I WERE NAMING AN

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AMERICAN BITCOIN COMPANY, I'D

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PROBABLY HAVE SAID THE WORDS YOU

257
00:07:10,697 --> 00:07:11,231
HAD TO USE WERE "ALBANIA" AND

258
00:07:11,298 --> 00:07:11,631
"GIRAFFE."

259
00:07:11,698 --> 00:07:14,134
BUT I GUESS THAT'S WHY I'M NOT A

260
00:07:14,200 --> 00:07:15,135
BUSINESS GENIUS LIKE ERIC TRUMP

261
00:07:15,201 --> 00:07:17,637
IS.

262
00:07:17,704 --> 00:07:18,638
INSTEAD I'M GOING TO FOCUS ON

263
00:07:18,705 --> 00:07:19,639
JUST TWO OF THE TRUMP FAMILY'S

264
00:07:19,706 --> 00:07:21,141
MAJOR CRYPTO VENTURES, AND

265
00:07:21,207 --> 00:07:24,144
DESCRIBE THEM THE WAY I'M SURE

266
00:07:24,210 --> 00:07:25,145
HE DESCRIBES HIS OLDEST SONS --

267
00:07:25,211 --> 00:07:25,745
SPECIFICALLY, THE BIG ONE AND

268
00:07:25,812 --> 00:07:28,148
THE DUMB ONE.

269
00:07:28,214 --> 00:07:29,149
AND LET'S START WITH THE DUMB

270
00:07:29,215 --> 00:07:29,683
ONE -- TRUMP'S MEMECOINS.

271
00:07:29,749 --> 00:07:31,151
MEMECOINS ARE BASICALLY JUST

272
00:07:31,217 --> 00:07:33,153
ONLINE JOKES CONVERTED INTO

273
00:07:33,219 --> 00:07:33,753
DIGITAL MONEY, WHICH ARE WORTH

274
00:07:33,820 --> 00:07:35,155
ONLY WHAT PEOPLE ARE WILLING TO

275
00:07:35,221 --> 00:07:36,156
PAY FOR THEM.

276
00:07:36,222 --> 00:07:37,657
YOU'RE PROBABLY AWARE OF

277
00:07:37,724 --> 00:07:39,859
MEMECOINS LIKE DOGE COIN, SHIBA

278
00:07:39,926 --> 00:07:41,161
INU, AND FARTCOIN.

279
00:07:41,227 --> 00:07:42,662
A NAME I'M HONESTLY "SHOCKED"

280
00:07:42,729 --> 00:07:44,664
ERIC TRUMP DIDN'T COME UP WITH.

281
00:07:44,731 --> 00:07:45,665
"I'LL NEVER FORGET SAYING,

282
00:07:45,732 --> 00:07:46,266
'LISTEN, IT'S GOT TO HAVE TWO

283
00:07:46,332 --> 00:07:50,170
WORDS IN IT.

284
00:07:50,236 --> 00:07:51,171
IT HAS TO HAVE 'FART.'

285
00:07:51,237 --> 00:07:51,738
AND IT HAS TO HAVE 'COIN.'

286
00:07:51,805 --> 00:07:54,174
AND THEY SAID, 'ERIC, FARTCOIN.

287
00:07:54,240 --> 00:07:55,175
THAT'S GOT TO BE THE NAME.'

288
00:07:55,241 --> 00:07:56,176
AND AS THIS ANALYST POINTS OUT,

289
00:07:56,242 --> 00:07:57,677
THE WHOLE VALUE OF A MEMECOIN IS

290
00:07:57,744 --> 00:08:01,181
BUILT ON ITS NOVELTY.

291
00:08:01,247 --> 00:08:01,715
>> IT IS A COIN THAT MEANS

292
00:08:01,781 --> 00:08:01,948
NOTHING.

293
00:08:02,015 --> 00:08:02,549
IT IS LIKE BUYING A PET ROCK,

294
00:08:02,615 --> 00:08:03,683
EXCEPT YOU DON'T EVEN GET A

295
00:08:03,750 --> 00:08:05,185
ROCK.

296
00:08:05,251 --> 00:08:06,686
IT HAS NO VALUE, IT HAS NO

297
00:08:06,753 --> 00:08:07,687
TRADING VALUE, IT'S NOT USED IN

298
00:08:07,754 --> 00:08:10,190
COMMERCE, NOTHING.

299
00:08:10,256 --> 00:08:10,557
>> John: RIGHT.

300
00:08:10,623 --> 00:08:11,124
ALTHOUGH, AT THE SAME TIME,

301
00:08:11,191 --> 00:08:12,192
LET'S TRY AND PUT SOME RESPECT

302
00:08:12,258 --> 00:08:14,194
ON THE PET ROCK'S NAME.

303
00:08:14,260 --> 00:08:16,196
IT WAS THE IDEA OF GARY DAHL,

304
00:08:16,262 --> 00:08:19,199
WHO SOLD ENOUGH TO BECOME A

305
00:08:19,265 --> 00:08:19,733
MILLIONAIRE IN THE '70s IN

306
00:08:19,799 --> 00:08:20,200
BASICALLY ONE YEAR.

307
00:08:20,266 --> 00:08:20,767
HE BOUGHT A BUNCH OF SMOOTH

308
00:08:20,834 --> 00:08:21,368
ROCKS FROM A BUILDER'S SUPPLY

309
00:08:21,434 --> 00:08:23,203
STORE IN MEXICO FOR A PENNY

310
00:08:23,269 --> 00:08:24,204
APIECE AND SOLD THEM FOR AROUND

311
00:08:24,270 --> 00:08:27,707
$4, WHICH IN TODAY'S MONEY IS

312
00:08:27,774 --> 00:08:28,274
$25.

313
00:08:28,341 --> 00:08:28,742
AND THINK ABOUT THAT.

314
00:08:28,808 --> 00:08:30,210
JUST TWO YEARS AFTER AN OIL

315
00:08:30,276 --> 00:08:31,211
CRISIS, AND IN THE MIDST OF A

316
00:08:31,277 --> 00:08:32,712
RECESSION, THIS GUY CONVINCED A

317
00:08:32,779 --> 00:08:35,215
BUNCH OF, I CAN ONLY ASSUME,

318
00:08:35,280 --> 00:08:36,716
COKED-OUT LUNATICS TO PAY THE

319
00:08:36,783 --> 00:08:38,717
EQUIVALENT OF MULTIPLE HOURS OF

320
00:08:38,784 --> 00:08:40,720
THEIR WAGES TO BUY A PET ROCK.

321
00:08:40,787 --> 00:08:42,722
THEN GARY CASHED OUT, AND FUCKED

322
00:08:42,789 --> 00:08:44,224
OFF INTO THE HORIZON.

323
00:08:44,290 --> 00:08:45,725
NOTHING HAS TOUCHED THE

324
00:08:45,792 --> 00:08:46,359
MARKETING BRILLIANCE OF THE PET

325
00:08:46,426 --> 00:08:47,727
ROCK.

326
00:08:47,794 --> 00:08:48,261
IN FACT, EVERYONE IN THIS

327
00:08:48,328 --> 00:08:48,862
AUDIENCE LOOK UNDER YOUR SEATS

328
00:08:48,928 --> 00:08:50,230
RIGHT NOW!

329
00:08:50,296 --> 00:08:53,733
BECAUSE YOU'LL FIND -- I'M JUST

330
00:08:53,800 --> 00:08:55,235
KIDDING, I'M KIDDING, HBO

331
00:08:55,301 --> 00:08:55,769
DOESN'T HAVE "ROCK" MONEY

332
00:08:55,835 --> 00:09:00,240
ANYMORE.

333
00:09:00,306 --> 00:09:01,241
ARE YOU CRAZY?

334
00:09:01,307 --> 00:09:02,742
THE POINT IS, MOST MEMECOINS --

335
00:09:02,809 --> 00:09:04,244
SEEMINGLY BY DESIGN -- BASICALLY

336
00:09:04,310 --> 00:09:05,245
FOLLOW THE TRAJECTORY OF

337
00:09:05,311 --> 00:09:06,746
PUMP-AND-DUMP SCHEMES: THEY

338
00:09:06,813 --> 00:09:07,747
SPIKE IN VALUE WHEN THEY FIRST

339
00:09:07,814 --> 00:09:09,249
COME OUT AND THEN IMMEDIATELY

340
00:09:09,315 --> 00:09:10,750
CRASH, WITH INSIDERS SELLING AT

341
00:09:10,817 --> 00:09:12,252
THE PEAK.

342
00:09:12,318 --> 00:09:13,753
AND IN TRUMP'S CASE, JUST THREE

343
00:09:13,820 --> 00:09:15,755
DAYS BEFORE HIS SECOND

344
00:09:15,822 --> 00:09:17,757
INAUGURATION, HE LAUNCHED THE

345
00:09:17,824 --> 00:09:18,358
"$TRUMP" MEMECOIN, IN A SOCIAL

346
00:09:18,425 --> 00:09:21,761
MEDIA POST WHERE HE TOLD

347
00:09:21,828 --> 00:09:23,763
EVERYONE TO "HAVE FUN!"

348
00:09:23,830 --> 00:09:24,397
TWO DAYS LATER -- ON THE EVE OF

349
00:09:24,464 --> 00:09:24,964
THE INAUGURATION -- MELANIA

350
00:09:25,031 --> 00:09:26,266
LAUNCHED HER OWN MEMECOIN, WITH

351
00:09:26,332 --> 00:09:27,267
THIS SOCIAL MEDIA POST, WHICH

352
00:09:27,333 --> 00:09:28,768
LOOKS LIKE SHE'S DROPPING AN

353
00:09:28,835 --> 00:09:31,771
ALBUM OF ADELE COVERS.

354
00:09:31,838 --> 00:09:32,772
AND WHILE IT'S NOT THE WORST

355
00:09:32,839 --> 00:09:34,274
PART, MAYBE THEY SHOULD'VE

356
00:09:34,340 --> 00:09:36,276
WORKSHOPPED THE NAME OF HER COIN

357
00:09:36,342 --> 00:09:38,778
A BIT MORE, SO IT DOESN'T READ

358
00:09:38,845 --> 00:09:40,780
AS "SMELLANIA."

359
00:09:40,847 --> 00:09:42,282
ANYWAY WHEN TRUMP'S COIN FIRST

360
00:09:42,348 --> 00:09:43,283
LAUNCHED, MANY IN THE CRYPTO

361
00:09:43,349 --> 00:09:43,850
COMMUNITY GENUINELY COULDN'T

362
00:09:43,917 --> 00:09:47,287
BELIEVE IT.

363
00:09:47,353 --> 00:09:48,288
>> IT WAS ONE OF THE CRAZIEST

364
00:09:48,354 --> 00:09:48,922
NIGHTS I'VE EVER EXPERIENCED IN

365
00:09:48,988 --> 00:09:52,292
CRYPTO EVER.

366
00:09:52,358 --> 00:09:54,294
LIKE, IT WAS NUTS, BECAUSE NO

367
00:09:54,360 --> 00:09:55,295
ONE BELIEVED THAT IT WAS REAL.

368
00:09:55,361 --> 00:09:56,362
EVERYONE THOUGHT IT WAS A SCAM.

369
00:09:56,429 --> 00:09:57,363
EVERYONE THOUGHT THAT HIS

370
00:09:57,430 --> 00:09:58,865
ACCOUNT WAS HACKED.

371
00:09:58,932 --> 00:10:00,300
>> John: OKAY, BUT AS FAR AS

372
00:10:00,366 --> 00:10:01,801
TRUMP'S ACCOUNT GETTING HACKED:

373
00:10:01,868 --> 00:10:04,304
HOW COULD YOU EVEN TELL?

374
00:10:04,370 --> 00:10:05,305
REMEMBER: THIS IS A MAN WHO'S

375
00:10:05,371 --> 00:10:07,807
POSTED THIS DEPICTION OF HIMSELF

376
00:10:07,874 --> 00:10:08,808
TAKING A SELFIE WITH A LION,

377
00:10:08,875 --> 00:10:11,311
THIS ONE OF HIM AS THE ANIME

378
00:10:11,377 --> 00:10:12,312
CHARACTER "NARUTO," AND THIS ONE

379
00:10:12,378 --> 00:10:13,313
OF HIM WALKING WITH A

380
00:10:13,379 --> 00:10:13,913
DISTRACTINGLY RIPPED ALIEN IN

381
00:10:13,980 --> 00:10:15,815
HANDCUFFS.

382
00:10:15,882 --> 00:10:17,817
HONESTLY, THE ONLY THING THAT'D

383
00:10:17,884 --> 00:10:18,384
MAKE ME THINK TRUMP MIGHT'VE

384
00:10:18,451 --> 00:10:20,320
BEEN HACKED IS IF HE SUDDENLY

385
00:10:20,386 --> 00:10:21,821
POSTED A NORMAL, COHERENT

386
00:10:21,888 --> 00:10:22,422
SENTENCE WITHOUT ANY RANDOMLY

387
00:10:22,489 --> 00:10:25,325
CAPITALIZED WORDS.

388
00:10:25,391 --> 00:10:27,327
AND UNSURPRISINGLY, THE TRUMP

389
00:10:27,393 --> 00:10:28,828
COINS THEN DID EXACTLY WHAT

390
00:10:28,895 --> 00:10:29,829
MEMECOINS TEND TO DO -- THEY

391
00:10:29,896 --> 00:10:31,331
INITIALLY SKYROCKETED IN

392
00:10:31,397 --> 00:10:32,832
VALUATION -- SOARING SO HIGH

393
00:10:32,899 --> 00:10:34,334
THAT FOR A FEW HOURS, THE TRUMPS

394
00:10:34,400 --> 00:10:34,968
AND THEIR BUSINESS PARTNERS WERE

395
00:10:35,034 --> 00:10:36,336
SITTING ON AT LEAST $50 BILLION

396
00:10:36,402 --> 00:10:38,338
WORTH OF IT.

397
00:10:38,404 --> 00:10:39,339
BUT THEN, INEVITABLY, THEY

398
00:10:39,405 --> 00:10:41,341
CRASHED -- AND HARD.

399
00:10:41,407 --> 00:10:41,875
IN FACT, BY THE FOLLOWING

400
00:10:41,941 --> 00:10:42,509
DECEMBER, TRUMP'S COIN WAS DOWN

401
00:10:42,575 --> 00:10:43,843
92% SINCE ITS PEAK, WHILE

402
00:10:43,910 --> 00:10:48,848
SMELLANIA WAS DOWN 99% -- ALMOST

403
00:10:48,915 --> 00:10:50,350
A COMPLETE WIPEOUT IN VALUE.

404
00:10:50,415 --> 00:10:54,354
BUT TRUMP HIMSELF WALKED AWAY

405
00:10:54,420 --> 00:10:56,856
WITH A $636 MILLION PAYOUT.

406
00:10:56,923 --> 00:10:58,358
BUT ONE OF THE WEIRDER

407
00:10:58,424 --> 00:11:03,363
INTERLUDES IN HIS COINS' JOURNEY

408
00:11:03,429 --> 00:11:03,963
ACTUALLY CAME LAST YEAR, WHEN

409
00:11:04,030 --> 00:11:04,864
TRUMP MANAGED TO BRIEFLY JUICE

410
00:11:04,931 --> 00:11:05,465
HIS COIN'S VALUE BY HOLDING AN

411
00:11:05,532 --> 00:11:07,867
"INTIMATE PRIVATE DINNER" FOR

412
00:11:07,934 --> 00:11:08,468
ITS 220 TOP HOLDERS -- AND IN

413
00:11:08,535 --> 00:11:09,869
DOING SO, HE WAS BASICALLY

414
00:11:09,936 --> 00:11:11,871
OFFERING ACCESS TO THE WHITE

415
00:11:11,938 --> 00:11:12,872
HOUSE IN EXCHANGE FOR AN

416
00:11:12,939 --> 00:11:13,506
INVESTMENT IN ONE OF HIS CRYPTO

417
00:11:13,573 --> 00:11:16,376
VENTURES.

418
00:11:16,442 --> 00:11:20,880
A FORMER SPECIAL COUNSEL TO

419
00:11:20,947 --> 00:11:21,514
OBAMA EVEN CALLED THE DINNER "AN

420
00:11:21,581 --> 00:11:21,915
ETHICS NIGHTMARE."

421
00:11:21,981 --> 00:11:22,515
THOUGH SOME OF THE ATTENDEES,

422
00:11:22,582 --> 00:11:23,116
LIKE THIS GUY WHO HAD ROUGHLY

423
00:11:23,183 --> 00:11:29,889
HALF A MILLION DOLLARS TIED UP

424
00:11:29,956 --> 00:11:30,456
IN THE TRUMP COIN, DID LEAVE

425
00:11:30,523 --> 00:11:30,990
FEELING A LITTLE SCAMMED.

426
00:11:31,057 --> 00:11:31,624
>> GOING INTO THIS DINNER, I WAS

427
00:11:31,691 --> 00:11:32,258
HOPING TO AT LEAST GET A PICTURE

428
00:11:32,325 --> 00:11:32,825
WITH TRUMP OR ACTUALLY DO A

429
00:11:32,892 --> 00:11:33,059
TIKTOK.

430
00:11:33,126 --> 00:11:35,895
SO, I WAS HOPING TO MAYBE DO A

431
00:11:35,962 --> 00:11:37,397
TREND OR SOME SHORT VIDEO WITH

432
00:11:37,463 --> 00:11:37,964
HIM, MAYBE LIKE, 15 SECONDS.

433
00:11:38,031 --> 00:11:38,598
IT'S NOT GONNA TAKE MUCH OF HIS

434
00:11:38,665 --> 00:11:39,899
TIME.

435
00:11:39,966 --> 00:11:41,401
I JUST GOT TO THE TRUMP DINNER.

436
00:11:41,467 --> 00:11:43,403
TRUMP CAME, GAVE A SPEECH FOR I

437
00:11:43,469 --> 00:11:44,404
THINK EXACTLY 23 MINUTES, AND

438
00:11:44,470 --> 00:11:45,905
THEN HE LEFT.

439
00:11:45,972 --> 00:11:46,506
HIS HELICOPTER WAS RIGHT BACK

440
00:11:46,573 --> 00:11:47,907
THERE.

441
00:11:47,974 --> 00:11:48,908
LEFT PRETTY QUICKLY, DIDN'T STAY

442
00:11:48,975 --> 00:11:50,910
FOR THE DINNER.

443
00:11:50,977 --> 00:11:51,544
MAYBE HE'LL COME BACK, YOU NEVER

444
00:11:51,611 --> 00:11:53,413
KNOW.

445
00:11:53,479 --> 00:11:54,414
>> John: I THINK YOU ALREADY

446
00:11:54,480 --> 00:11:55,048
KNOW THIS, BUT -- HE DIDN'T COME

447
00:11:55,114 --> 00:11:57,917
BACK.

448
00:11:57,984 --> 00:11:59,419
AND I'M HONESTLY RACKING MY

449
00:11:59,485 --> 00:12:02,422
BRAIN RIGHT NOW, TRYING TO FIND

450
00:12:02,488 --> 00:12:04,424
A SINGLE OUNCE OF SYMPATHY FOR

451
00:12:04,490 --> 00:12:05,058
SOMEONE WHO PURCHASED A BUNCH OF

452
00:12:05,124 --> 00:12:06,426
TRUMP'S MEMECOIN TO ATTEND A

453
00:12:06,492 --> 00:12:10,430
DINNER WHERE HIS MAIN GOAL WAS,

454
00:12:10,496 --> 00:12:10,997
AND I QUOTE, TO "DO A TIKTOK

455
00:12:11,064 --> 00:12:11,431
WITH TRUMP."

456
00:12:11,497 --> 00:12:12,432
BUT I'VE GOT NOTHING.

457
00:12:12,498 --> 00:12:13,433
I REFUSE TO FEEL SADNESS FOR

458
00:12:13,499 --> 00:12:14,934
SOMEONE, WHO'S SEEMINGLY CHOSEN

459
00:12:15,001 --> 00:12:17,437
TO SIT IN A LAMBORGHINI

460
00:12:17,503 --> 00:12:19,939
DEALERSHIP, AND DRESSED

461
00:12:20,006 --> 00:12:20,473
THEMSELVES LIKE THE SECOND

462
00:12:20,540 --> 00:12:20,940
COMING OF LIMP BIZKIT.

463
00:12:21,007 --> 00:12:22,442
I CAN'T DO IT.

464
00:12:22,508 --> 00:12:24,944
I CAN'T DO IT.

465
00:12:25,011 --> 00:12:25,511
BUT WHILE THAT DINNER MAY'VE

466
00:12:25,578 --> 00:12:27,447
BEEN A BUST FOR THOSE WHO

467
00:12:27,513 --> 00:12:29,449
ATTENDED, SHORTLY AFTER IT WAS

468
00:12:29,515 --> 00:12:30,083
ANNOUNCED, THE TRUMP COIN JUMPED

469
00:12:30,149 --> 00:12:31,951
APPROXIMATELY 30%.

470
00:12:32,018 --> 00:12:33,453
AND LOOK, WE DON'T KNOW IF TRUMP

471
00:12:33,519 --> 00:12:35,955
SOLD ANY COINS DURING THAT BUMP,

472
00:12:36,022 --> 00:12:38,458
OR INDEED, IF ANYONE INVOLVED

473
00:12:38,524 --> 00:12:38,958
WITH IT DID.

474
00:12:39,025 --> 00:12:39,592
BUT THE VERY FACT WE DON'T KNOW

475
00:12:39,659 --> 00:12:41,461
IS PART OF THE PROBLEM HERE.

476
00:12:41,527 --> 00:12:43,963
BECAUSE IT CLEARLY DOESN'T LOOK

477
00:12:44,030 --> 00:12:44,497
GOOD FOR A PRESIDENT TO BE

478
00:12:44,564 --> 00:12:46,065
INVOLVED IN SOMETHING LIKE THAT.

479
00:12:46,132 --> 00:12:48,468
JIMMY CARTER FAMOUSLY CHOSE TO

480
00:12:48,534 --> 00:12:50,470
PUT HIS PEANUT FARM IN A BLIND

481
00:12:50,536 --> 00:12:50,970
TRUST TO AVOID PERCEIVED

482
00:12:51,037 --> 00:12:53,473
CONFLICTS OF INTEREST.

483
00:12:53,539 --> 00:12:55,475
AND IT'S A LITTLE WEIRD THAT --

484
00:12:55,540 --> 00:12:56,476
TO GO BY TRUMP'S STANDARDS -- IF

485
00:12:56,542 --> 00:12:57,977
HE'D JUST INVENTED HIS OWN

486
00:12:58,044 --> 00:13:00,980
NOVELTY CURRENCY INSTEAD, CALLED

487
00:13:01,047 --> 00:13:01,547
"JIMBO'S NUT BUCKS," PEOPLE

488
00:13:01,614 --> 00:13:02,181
WOULD'VE PROBABLY BEEN FINE WITH

489
00:13:02,248 --> 00:13:04,484
IT.

490
00:13:04,550 --> 00:13:05,985
AND IT'S WORTH REMEMBERING --

491
00:13:06,052 --> 00:13:07,987
WHILE TRUMP PERSONALLY MADE

492
00:13:08,054 --> 00:13:08,988
HUNDREDS OF MILLIONS OF DOLLARS

493
00:13:09,055 --> 00:13:09,589
WITH THIS NONSENSE, PEOPLE GOT

494
00:13:09,656 --> 00:13:11,991
HURT.

495
00:13:12,058 --> 00:13:13,493
NEARLY A MILLION PEOPLE WHO

496
00:13:13,559 --> 00:13:14,494
BOUGHT INTO THE COIN LOST MONEY,

497
00:13:14,560 --> 00:13:15,995
WITH THEIR LOSSES TOTALING OVER

498
00:13:16,062 --> 00:13:17,497
$3.8 BILLION.

499
00:13:17,563 --> 00:13:18,998
AND WHILE ONE OF THEM WAS THIS

500
00:13:19,065 --> 00:13:22,001
GUY, SO YOU CAN'T BE 100% MAD,

501
00:13:22,068 --> 00:13:24,003
IT'S STILL PRETTY SHITTY.

502
00:13:24,070 --> 00:13:26,005
BUT TRUMP'S MEMECOIN IS JUST THE

503
00:13:26,072 --> 00:13:27,507
TIP OF THE ICEBERG HERE.

504
00:13:27,573 --> 00:13:30,009
WHICH BRINGS US TO HIS FAMILY'S

505
00:13:30,076 --> 00:13:32,011
BIGGEST CRYPTO VENTURE: WORLD

506
00:13:32,078 --> 00:13:32,645
LIBERTY FINANCIAL, THE BUSINESS

507
00:13:32,712 --> 00:13:36,516
TRUMP AND HIS SONS CO-FOUNDED

508
00:13:36,582 --> 00:13:37,517
AND ANNOUNCED JUST WEEKS BEFORE

509
00:13:37,583 --> 00:13:38,017
THE LAST ELECTION.

510
00:13:38,084 --> 00:13:39,018
AND UNSURPRISINGLY, HIS SONS

511
00:13:39,085 --> 00:13:42,021
ONCE AGAIN BROUGHT THEIR

512
00:13:42,088 --> 00:13:42,622
INCREDIBLE BUSINESS ACUMEN TO

513
00:13:42,689 --> 00:13:45,024
NAMING THE COMPANY.

514
00:13:45,091 --> 00:13:46,526
>> WE CALL IT THE WORLD LIBERTY

515
00:13:46,592 --> 00:13:47,160
BECAUSE OF THE LIBERTY ASPECT OF

516
00:13:47,226 --> 00:13:47,727
IT, BUT ALSO BECAUSE OF THE

517
00:13:47,794 --> 00:13:53,032
WORLD ASPECT OF IT, RIGHT?

518
00:13:53,099 --> 00:13:54,033
>> John: YEAH, YEAH.

519
00:13:54,100 --> 00:13:54,634
YOU KNOW, THAT IS SUCH A GOOD

520
00:13:54,701 --> 00:13:57,103
POINT.

521
00:13:57,637 --> 00:13:58,538
ISN'T IT?

522
00:13:58,604 --> 00:13:59,072
IT'S CALLED WORLD LIBERTY

523
00:13:59,138 --> 00:13:59,706
FINANCIAL BECAUSE OF THE LIBERTY

524
00:13:59,772 --> 00:14:00,239
ASPECT, BUT ALSO THE WORLD

525
00:14:00,306 --> 00:14:01,040
ASPECT, AND DON'T FORGET THE

526
00:14:01,107 --> 00:14:03,543
FINANCIAL ASPECT, TOO.

527
00:14:03,609 --> 00:14:04,544
IT REALLY IS THE PERFECT

528
00:14:04,610 --> 00:14:08,047
COMBINATION OF ASPECTS!

529
00:14:08,114 --> 00:14:09,048
NOW, WE BRIEFLY TOUCHED ON WORLD

530
00:14:09,115 --> 00:14:10,049
LIBERTY SHORTLY AFTER IT

531
00:14:10,116 --> 00:14:11,050
LAUNCHED, IN OUR SEGMENT ON

532
00:14:11,117 --> 00:14:12,552
TRUMP'S BUSINESSES -- POINTING

533
00:14:12,618 --> 00:14:14,554
OUT THAT ITS CO-FOUNDERS INCLUDE

534
00:14:14,620 --> 00:14:16,556
THE HUMAN AXE BODY SPRAY CANS,

535
00:14:16,622 --> 00:14:18,057
ZAK FOLKMAN AND CHASE HERRO.

536
00:14:18,124 --> 00:14:20,059
IF YOU DIDN'T SEE THAT SEGMENT,

537
00:14:20,126 --> 00:14:21,060
JUST KNOW: FOLKMAN USED TO TEACH

538
00:14:21,127 --> 00:14:22,061
CRINGE-INDUCING CLASSES ON HOW

539
00:14:22,128 --> 00:14:24,564
TO PICK UP WOMEN CALLED "DATE

540
00:14:24,630 --> 00:14:25,565
HOTTER GIRLS," AND HERRO HAS

541
00:14:25,631 --> 00:14:27,567
DESCRIBED HIMSELF AS THE DIRTBAG

542
00:14:27,633 --> 00:14:29,068
OF THE INTERNET, AND ONCE

543
00:14:29,135 --> 00:14:31,070
DESCRIBED CRYPTO LIKE THIS.

544
00:14:31,137 --> 00:14:33,072
>> YOU CAN LITERALLY SELL SHIT

545
00:14:33,139 --> 00:14:34,574
IN A CAN, WRAPPED IN PISS,

546
00:14:34,640 --> 00:14:37,076
COVERED IN HUMAN SKIN FOR A

547
00:14:37,143 --> 00:14:39,078
BILLION DOLLARS IF THE STORY IS

548
00:14:39,145 --> 00:14:40,079
RIGHT, BECAUSE PEOPLE WILL BUY

549
00:14:40,146 --> 00:14:41,080
IT AND THAT'S WHAT'S GOING ON IN

550
00:14:41,147 --> 00:14:42,582
THE CRYPTO SPACE.

551
00:14:42,648 --> 00:14:43,583
LIKE I SAID IN MY OTHER VIDEO,

552
00:14:43,649 --> 00:14:45,585
I'M NOT GOING TO QUESTION THE

553
00:14:45,651 --> 00:14:46,586
RIGHT AND THE WRONG OF ALL THAT,

554
00:14:46,652 --> 00:14:48,588
ALL I'M SAYING IS THAT AS A

555
00:14:48,654 --> 00:14:50,590
HUMAN BEING, YOU HAVE THAT

556
00:14:50,656 --> 00:14:51,190
ABILITY TO MAKE A FUCK TON OF

557
00:14:51,257 --> 00:14:53,092
MONEY RIGHT NOW.

558
00:14:53,159 --> 00:14:55,094
>> John: OKAY, THERE ARE A LOT

559
00:14:55,161 --> 00:14:56,095
OF THINGS I WANT TO SAY ABOUT

560
00:14:56,162 --> 00:14:56,696
THAT, BUT FIRST AND FOREMOST:

561
00:14:56,763 --> 00:14:59,599
NOW IS NOT THE TIME TO BE

562
00:14:59,665 --> 00:15:00,600
TALKING WITH YOUR HANDS, CHASE.

563
00:15:00,666 --> 00:15:02,602
LET'S PUT THEM AT TEN AND TWO,

564
00:15:02,668 --> 00:15:06,606
YOU ED HARDY NIGHTMARE.

565
00:15:06,672 --> 00:15:07,140
NOW, SINCE LAUNCHING WORLD

566
00:15:07,206 --> 00:15:07,740
LIBERTY FINANCIAL, THE TRUMPS

567
00:15:07,807 --> 00:15:08,608
HAVE RAKED IN HUGE AMOUNTS OF

568
00:15:08,674 --> 00:15:13,112
MONEY, MAKING THAT ONE COMPANY

569
00:15:13,179 --> 00:15:13,746
WORTH MORE TO THEIR FAMILY THAN

570
00:15:13,813 --> 00:15:14,614
ANY OTHER BUSINESS, INCLUDING

571
00:15:14,680 --> 00:15:15,214
THEIR STAKE IN TRUMP MEDIA AND

572
00:15:15,281 --> 00:15:18,117
EVEN MAR-A-LAGO.

573
00:15:18,184 --> 00:15:18,684
AND THEY'VE ACHIEVED THIS BY

574
00:15:18,751 --> 00:15:21,120
GIVING PEOPLE A NUMBER OF

575
00:15:21,187 --> 00:15:22,121
DIFFERENT WAYS TO BUY IN.

576
00:15:22,188 --> 00:15:28,127
THE FIRST IS THROUGH PURCHASING

577
00:15:28,194 --> 00:15:29,128
THE COMPANY'S TOKEN.

578
00:15:29,195 --> 00:15:29,695
IT'S A SO-CALLED "GOVERNANCE

579
00:15:29,762 --> 00:15:30,630
TOKEN" -- SO OWNING IT TYPICALLY

580
00:15:30,696 --> 00:15:31,631
DOESN'T GIVE YOU ANY STAKE IN

581
00:15:31,697 --> 00:15:32,632
THE COMPANY, IT JUST ALLOWS YOU

582
00:15:32,698 --> 00:15:33,199
TO VOTE ON HOW THE PLATFORM

583
00:15:33,266 --> 00:15:33,633
OPERATES.

584
00:15:33,699 --> 00:15:36,135
AND FOR THIS PARTICULAR TOKEN,

585
00:15:36,202 --> 00:15:37,136
75% OF THE PROCEEDS FLOW

586
00:15:37,203 --> 00:15:38,137
DIRECTLY TO THE TRUMPS AS A FEE.

587
00:15:38,204 --> 00:15:39,138
AND IF YOU'RE THINKING THAT

588
00:15:39,205 --> 00:15:43,142
SOUNDS LIKE A REALLY EASY WAY TO

589
00:15:43,209 --> 00:15:43,776
SEND MONEY TO TRUMP, TO TRY AND

590
00:15:43,843 --> 00:15:44,377
CURRY FAVOR WITH HIM, YOU'D BE

591
00:15:44,444 --> 00:15:48,147
RIGHT!

592
00:15:48,214 --> 00:15:54,654
TAKE JUSTIN SUN.

593
00:15:54,720 --> 00:15:55,221
HE SPENT $75 MILLION BUYING

594
00:15:55,288 --> 00:15:55,822
THOSE GOVERNANCE TOKENS, WHICH

595
00:15:55,888 --> 00:15:56,456
ON ONE LEVEL, ISN'T SURPRISING,

596
00:15:56,522 --> 00:15:58,157
AS HE SEEMS TO HAVE A HABIT OF

597
00:15:58,224 --> 00:15:58,658
BUYING DUMB SHIT.

598
00:15:58,724 --> 00:16:01,160
>> ANOTHER INVESTOR IS JUSTIN

599
00:16:01,227 --> 00:16:02,662
SUN, THE ECCENTRIC CHINESE

600
00:16:02,728 --> 00:16:04,163
BILLIONAIRE, PERHAPS BEST KNOWN

601
00:16:04,230 --> 00:16:05,665
FOR BUYING --

602
00:16:05,731 --> 00:16:07,166
>> IT'S YOURS, CONGRATULATIONS.

603
00:16:07,233 --> 00:16:09,168
THANK YOU VERY MUCH, INDEED.

604
00:16:09,235 --> 00:16:11,671
>> AND THEN EATING A

605
00:16:11,737 --> 00:16:12,271
$6.2 MILLION BANANA DUCT TAPED

606
00:16:12,338 --> 00:16:15,174
TO A WALL.

607
00:16:15,241 --> 00:16:17,677
>> John: LOOK, I'M NOT GOING TO

608
00:16:17,743 --> 00:16:19,679
SAY WHETHER THAT BANANA WAS

609
00:16:19,745 --> 00:16:20,279
ACTUALLY WORTH $6.2 MILLION OR

610
00:16:20,346 --> 00:16:21,681
NOT.

611
00:16:21,747 --> 00:16:24,183
I'M NOT AN ART APPRAISER, I JUST

612
00:16:24,250 --> 00:16:26,686
HAVE THE BITCHY ATTITUDE OF ONE.

613
00:16:26,752 --> 00:16:28,688
THE POINT IS, THAT'S THE GUY WHO

614
00:16:28,754 --> 00:16:30,189
SPENT $75 MILLION ON WORLD

615
00:16:30,256 --> 00:16:31,691
LIBERTY "GOVERNANCE TOKENS," AS

616
00:16:31,757 --> 00:16:33,192
WELL AS, BY THE WAY, SPENDING

617
00:16:33,259 --> 00:16:34,694
NEARLY $38 MILLION ON TRUMP'S

618
00:16:34,760 --> 00:16:35,194
MEMECOIN.

619
00:16:35,261 --> 00:16:37,196
AND WHILE THAT ALL SOUNDS VERY

620
00:16:37,263 --> 00:16:39,198
STUPID, BECAUSE IN EVERY

621
00:16:39,265 --> 00:16:41,200
IMPORTANT WAY, IT REALLY IS, IT

622
00:16:41,267 --> 00:16:42,201
MAY NOT HAVE BEEN A COMPLETE

623
00:16:42,268 --> 00:16:44,704
WASTE OF MONEY FOR SUN.

624
00:16:44,770 --> 00:16:45,705
BECAUSE IT TURNS OUT, AT THE

625
00:16:45,771 --> 00:16:47,206
TIME TRUMP TOOK OFFICE, HE WAS

626
00:16:47,273 --> 00:16:50,209
ACTUALLY FIGHTING A LAWSUIT FROM

627
00:16:50,276 --> 00:16:51,210
THE SEC, ALLEGING HE'D DEFRAUDED

628
00:16:51,277 --> 00:16:51,811
INVESTORS BY MANIPULATING THE

629
00:16:51,878 --> 00:16:53,713
PRICE OF HIS "TRON"

630
00:16:53,779 --> 00:16:55,214
CRYPTOCURRENCY WITH FAKE TRADES.

631
00:16:55,281 --> 00:16:58,718
FUN FACT: TRON ALSO ALLEGEDLY

632
00:16:58,784 --> 00:16:59,352
HOSTED 45% OF ALL ILLICIT CRYPTO

633
00:16:59,418 --> 00:17:01,220
MONEY FLOWS IN 2023.

634
00:17:01,287 --> 00:17:02,722
AND WHILE TRON INSISTS IT'S

635
00:17:02,788 --> 00:17:03,723
TAKING STEPS TO PREVENT

636
00:17:03,789 --> 00:17:08,227
CRIMINALS FROM ENGAGING IN

637
00:17:08,294 --> 00:17:08,794
ILLEGAL ACTIVITY, YOU GOTTA

638
00:17:08,861 --> 00:17:09,395
ADMIT, IT'S PRETTY IMPRESSIVE

639
00:17:09,462 --> 00:17:10,229
THAT -- AGAINST ALL ODDS -- IT

640
00:17:10,296 --> 00:17:12,231
TURNS OUT, THE WORST TRON IS NOW

641
00:17:12,298 --> 00:17:12,765
SOMEHOW NO LONGER THE ONE

642
00:17:12,832 --> 00:17:17,236
STARRING JARED LETO.

643
00:17:17,303 --> 00:17:18,237
BUT CRUCIALLY, JUST AFTER SUN

644
00:17:18,304 --> 00:17:20,239
BEGAN PLOWING ALL THAT MONEY

645
00:17:20,306 --> 00:17:23,742
INTO TRUMP'S CRYPTO VENTURES,

646
00:17:23,809 --> 00:17:24,743
THE SEC SUDDENLY ANNOUNCED IT'D

647
00:17:24,810 --> 00:17:25,310
PAUSED ITS CASE AGAINST HIM.

648
00:17:25,377 --> 00:17:25,810
AND THEN IN MARCH, THIS

649
00:17:25,877 --> 00:17:27,246
HAPPENED.

650
00:17:27,313 --> 00:17:28,748
>> THE GOVERNMENT SETTLING A

651
00:17:28,814 --> 00:17:30,249
FRAUD CASE AGAINST A CRYPTO

652
00:17:30,316 --> 00:17:31,250
BILLIONAIRE, JUSTIN SUN.

653
00:17:31,317 --> 00:17:32,752
THE SEC SAYING THAT ONE OF SUN'S

654
00:17:32,818 --> 00:17:34,754
FIRMS IS NOW GOING TO PAY $10

655
00:17:34,820 --> 00:17:38,257
MILLION IN A PENALTY, BUT WILL

656
00:17:38,324 --> 00:17:39,759
NEITHER -- NEITHER OF THE

657
00:17:39,825 --> 00:17:40,760
COMPANIES WILL ADMIT WRONGDOING.

658
00:17:40,826 --> 00:17:42,261
>> John: WOW!

659
00:17:42,328 --> 00:17:43,262
TO PUT THAT $10 MILLION FINE IN

660
00:17:43,329 --> 00:17:45,765
TERMS WE CAN ALL NOW UNDERSTAND,

661
00:17:45,831 --> 00:17:46,766
THAT'S ONE POINT SIX BANANAS

662
00:17:46,832 --> 00:17:49,769
TAPED TO A WALL.

663
00:17:49,835 --> 00:17:50,770
NOW, JUSTIN SUN'S DENIED THERE

664
00:17:50,836 --> 00:17:51,771
WAS ANY QUID PRO QUO THERE.

665
00:17:51,837 --> 00:17:54,273
BUT THE THING IS, THAT SEQUENCE

666
00:17:54,340 --> 00:17:55,775
OF EVENTS -- WHERE SOMEONE HELPS

667
00:17:55,841 --> 00:17:58,277
WORLD LIBERTY FINANCIAL MAKE

668
00:17:58,344 --> 00:17:59,779
MONEY, AND THEN, COINCIDENTALLY

669
00:17:59,845 --> 00:18:01,781
GETS SOMETHING THEY WANTED ALL

670
00:18:01,847 --> 00:18:02,315
ALONG -- IS BY NO MEANS A

671
00:18:02,381 --> 00:18:03,282
ONE-OFF.

672
00:18:03,349 --> 00:18:04,784
BECAUSE A SIMILAR SEQUENCE OF

673
00:18:04,850 --> 00:18:05,318
EVENTS TOOK PLACE WITH THE

674
00:18:05,384 --> 00:18:07,286
COMPANY'S SO-CALLED

675
00:18:07,353 --> 00:18:09,789
"STABLECOIN," USD1.

676
00:18:09,855 --> 00:18:10,356
NOW, UNLIKE MEMECOINS -- THE

677
00:18:10,423 --> 00:18:13,292
PRICE OF WHICH CAN FLUCTUATE

678
00:18:13,359 --> 00:18:13,826
WILDLY -- A STABLECOIN IS

679
00:18:13,893 --> 00:18:14,460
SUPPOSED TO HAVE A SET MONETARY

680
00:18:14,527 --> 00:18:21,534
VALUE.

681
00:18:23,869 --> 00:18:28,307
USD1, FOR INSTANCE, IS ONE U.S.

682
00:18:28,374 --> 00:18:28,808
DOLLAR.

683
00:18:28,874 --> 00:18:29,408
AND THIS CAN BE LUCRATIVE FOR

684
00:18:29,475 --> 00:18:30,009
COMPANIES LIKE WORLD LIBERTY,

685
00:18:30,076 --> 00:18:30,610
BECAUSE WHEN SOMEONE USES REAL

686
00:18:30,676 --> 00:18:31,811
MONEY TO BUY A STABLECOIN, IT

687
00:18:31,877 --> 00:18:32,445
CAN THEN PUT THAT MONEY INTO THE

688
00:18:32,511 --> 00:18:33,312
BANK AND EARN INTEREST ON IT.

689
00:18:33,379 --> 00:18:34,313
THAT'S WHY IT WAS VERY GOOD NEWS

690
00:18:34,380 --> 00:18:34,847
FOR TRUMP THAT -- AS WE'VE

691
00:18:34,914 --> 00:18:35,481
DISCUSSED BEFORE, THE FOUNDER OF

692
00:18:35,548 --> 00:18:36,048
BINANCE, THE WORLD'S LARGEST

693
00:18:36,115 --> 00:18:37,817
CRYPTO EXCHANGE, FACILITATED A

694
00:18:37,883 --> 00:18:40,820
MASSIVE, $2 BILLION PURCHASE OF

695
00:18:40,886 --> 00:18:41,454
USD1 BY AN INVESTMENT FUND TIED

696
00:18:41,520 --> 00:18:44,824
TO THE UNITED ARAB EMIRATES, AT

697
00:18:44,890 --> 00:18:45,825
THE SAME TIME AS,

698
00:18:45,891 --> 00:18:47,326
COINCIDENTALLY, HE WAS

699
00:18:47,393 --> 00:18:48,828
SUCCESSFULLY PURSUING A

700
00:18:48,894 --> 00:18:49,829
PRESIDENTIAL PARDON FOR A

701
00:18:49,895 --> 00:18:55,835
MONEY-LAUNDERING CONVICTION.

702
00:18:55,901 --> 00:18:56,369
WHICH HE EVENTUALLY GOT.

703
00:18:56,435 --> 00:18:56,969
AND WHILE BINANCE WILL INSIST

704
00:18:57,036 --> 00:18:57,603
THEY DID NOTHING WRONG, THE FACT

705
00:18:57,670 --> 00:18:58,337
IS, THAT $2 BILLION TRANSACTION

706
00:18:58,404 --> 00:19:00,840
WAS ABSOLUTELY HUGE FOR WORLD

707
00:19:00,906 --> 00:19:03,342
LIBERTY BECAUSE, AS CRYPTO

708
00:19:03,409 --> 00:19:03,876
EXPERTS WILL POINT OUT, IT

709
00:19:03,943 --> 00:19:04,510
INSTANTLY MADE THEIR STABLECOIN

710
00:19:04,577 --> 00:19:09,348
SEEM MUCH MORE LEGIT.

711
00:19:09,415 --> 00:19:09,915
>> SO, IT TOOK WORLD LIBERTY

712
00:19:09,982 --> 00:19:15,354
FROM BEING A SMALL PROJECT THAT

713
00:19:15,421 --> 00:19:16,355
MAYBE WAS ON THE ROAD MAP AFTER

714
00:19:16,422 --> 00:19:16,922
THE ELECTION, PURELY FOR THE

715
00:19:16,989 --> 00:19:17,456
NAME, TO BEING ONE OF THE

716
00:19:17,523 --> 00:19:20,359
LARGEST STABLECOINS IN THE WORLD

717
00:19:20,426 --> 00:19:22,862
IN A SINGLE TRANSACTION.

718
00:19:22,928 --> 00:19:24,363
SO, IT VAULTED THEM FROM SMALL

719
00:19:24,430 --> 00:19:25,364
TIME TO THE BIG LEAGUES.

720
00:19:25,431 --> 00:19:27,867
>> THE EMIRATIS ENTRUSTED TWO

721
00:19:27,933 --> 00:19:29,368
BILLION TO A CURRENCY THAT HAD

722
00:19:29,435 --> 00:19:31,871
BEEN ON THE MARKET FIVE WEEKS.

723
00:19:31,937 --> 00:19:32,471
ONE SOURCE TOLD US, "IT WASN'T

724
00:19:32,538 --> 00:19:33,873
STRANGE.

725
00:19:33,939 --> 00:19:39,879
IT WAS NUTS."

726
00:19:39,945 --> 00:19:40,479
>> John: RIGHT, IT SURE SEEMS

727
00:19:40,546 --> 00:19:41,080
LIKE THAT WAS DUE TO THE TRUMP

728
00:19:41,147 --> 00:19:41,881
CONNECTION, BECAUSE I'M NOT SURE

729
00:19:41,947 --> 00:19:42,882
WHY ELSE ANYONE WOULD PUT

730
00:19:42,948 --> 00:19:43,883
$2 BILLION DOLLARS WORTH OF

731
00:19:43,949 --> 00:19:46,385
TRUST IN A COMPANY FOUNDED BY

732
00:19:46,452 --> 00:19:49,889
THE DIRTBAG OF THE INTERNET, A

733
00:19:49,955 --> 00:19:50,489
WALKING RESTRAINING ORDER, AND

734
00:19:50,556 --> 00:19:52,391
TWO BROTHERS WHO PROBABLY LOST

735
00:19:52,458 --> 00:19:53,893
THEIR SHIT OVER THE NAME "CHEESE

736
00:19:53,959 --> 00:19:56,462
BALLS" -- "THEY'RE BALLS AND

737
00:19:56,529 --> 00:19:59,465
THEY TASTE LIKE CHEESE!

738
00:19:59,532 --> 00:20:02,401
IT'S FUCKING GENIUS!"

739
00:20:02,468 --> 00:20:03,903
BUT THAT WAS ONLY PART OF THE

740
00:20:03,969 --> 00:20:04,403
STORY.

741
00:20:04,470 --> 00:20:06,405
BECAUSE AS I SAID, THE ENTITY

742
00:20:06,472 --> 00:20:07,907
THAT ACTUALLY PUT UP THE $2

743
00:20:07,973 --> 00:20:08,908
BILLION WAS AN INVESTMENT FIRM

744
00:20:08,974 --> 00:20:09,909
LINKED TO THE GOVERNMENT OF THE

745
00:20:09,975 --> 00:20:11,410
UAE -- A GOVERNMENT,

746
00:20:11,477 --> 00:20:12,912
INCIDENTALLY, THAT VERY MUCH

747
00:20:12,978 --> 00:20:14,413
WANTED TO GET ITS HANDS ON

748
00:20:14,480 --> 00:20:15,414
ADVANCED COMPUTER CHIPS MADE BY

749
00:20:15,481 --> 00:20:17,917
U.S. COMPANIES.

750
00:20:17,983 --> 00:20:18,517
NOW, THE BIDEN ADMINISTRATION

751
00:20:18,584 --> 00:20:19,919
HAD LARGELY STYMIED THAT DEAL,

752
00:20:19,985 --> 00:20:21,921
OVER FEARS THAT GIVING CHIPS TO

753
00:20:21,987 --> 00:20:23,923
THE UAE COULD ULTIMATELY LEAD TO

754
00:20:23,989 --> 00:20:25,424
THEM GETTING TO CHINA.

755
00:20:25,491 --> 00:20:25,991
BUT YOU'LL NEVER GUESS WHAT

756
00:20:26,058 --> 00:20:27,426
HAPPENED NOT LONG AFTER THAT

757
00:20:27,493 --> 00:20:29,929
CRYPTO DEAL WENT THROUGH.

758
00:20:29,995 --> 00:20:31,931
>> TWO WEEKS AFTER THE $2

759
00:20:31,997 --> 00:20:34,433
BILLION TRANSACTION, PRESIDENT

760
00:20:34,500 --> 00:20:35,067
TRUMP TRAVELED TO THE UAE FOR AN

761
00:20:35,134 --> 00:20:36,936
OFFICIAL VISIT.

762
00:20:37,002 --> 00:20:38,437
>> YESTERDAY, THE TWO COUNTRIES

763
00:20:38,504 --> 00:20:41,440
ALSO AGREED TO CREATE A PATH FOR

764
00:20:41,507 --> 00:20:42,041
UAE TO BUY SOME OF THE WORLD'S

765
00:20:42,108 --> 00:20:44,944
MOST ADVANCED AI SEMICONDUCTORS

766
00:20:45,010 --> 00:20:47,947
FROM AMERICAN COMPANIES, A VERY

767
00:20:48,013 --> 00:20:49,949
BIG CONTRACT.

768
00:20:50,015 --> 00:20:51,450
>> THE U.S. THEN ANNOUNCED IT

769
00:20:51,517 --> 00:20:51,984
WOULD ALLOW THE UAE TO BUY

770
00:20:52,051 --> 00:20:55,454
HUNDREDS OF THOUSANDS OF

771
00:20:55,521 --> 00:20:58,958
NVIDIA'S ADVANCED AI CHIPS.

772
00:20:59,024 --> 00:21:01,460
WHILE THERE'S NO EVIDENCE THAT

773
00:21:01,527 --> 00:21:02,962
ONE DEAL WAS EXPLICITLY OFFERED

774
00:21:03,028 --> 00:21:03,529
IN RETURN FOR THE OTHER, THE

775
00:21:03,596 --> 00:21:08,968
TIMING IS EXTRAORDINARY.

776
00:21:09,034 --> 00:21:10,469
>> John: SURE!

777
00:21:10,536 --> 00:21:12,972
LET'S GO WITH "EXTRAORDINARY!"

778
00:21:13,038 --> 00:21:13,973
IT'S NOT THE WORD I'D USE, BUT

779
00:21:14,039 --> 00:21:14,974
IT TURNS OUT, MY LAWYERS TELL ME

780
00:21:15,040 --> 00:21:17,476
THE WORD I ACTUALLY WANT TO USE

781
00:21:17,543 --> 00:21:18,110
WOULD COST HBO A FEW MILLION IN

782
00:21:18,177 --> 00:21:19,979
LEGAL FEES.

783
00:21:20,045 --> 00:21:21,981
SO, "EXTRAORDINARY" IT IS.

784
00:21:22,047 --> 00:21:24,483
AND THE THING IS, THAT MAY NOT

785
00:21:24,550 --> 00:21:27,486
EVEN BE THE MOST IMPORTANT LINK

786
00:21:27,553 --> 00:21:28,020
BETWEEN THE UAE AND WORLD

787
00:21:28,087 --> 00:21:30,489
LIBERTY FINANCIAL.

788
00:21:30,556 --> 00:21:31,090
BECAUSE IT LATER EMERGED THAT

789
00:21:31,157 --> 00:21:33,492
ANOTHER TRANSACTION HAD QUIETLY

790
00:21:33,559 --> 00:21:34,126
HAPPENED RIGHT BEFORE TRUMP CAME

791
00:21:34,193 --> 00:21:35,494
BACK INTO OFFICE.

792
00:21:35,561 --> 00:21:36,495
>> JUST DAYS BEFORE TRUMP'S

793
00:21:36,562 --> 00:21:38,998
SECOND INAUGURATION, THE JOURNAL

794
00:21:39,064 --> 00:21:40,499
REPORTS 49%, NEARLY HALF OF THE

795
00:21:40,566 --> 00:21:42,501
TRUMP FAMILY CRYPTO COMPANY,

796
00:21:42,568 --> 00:21:44,503
WORLD LIBERTY FINANCIAL, WAS

797
00:21:44,570 --> 00:21:47,006
PURCHASED FOR $500 MILLION BY

798
00:21:47,072 --> 00:21:48,507
SHEIKH TAHNOUN BIN ZAYED AL

799
00:21:48,574 --> 00:21:50,009
NAHYAN, WHO HEADS THE UNITED

800
00:21:50,075 --> 00:21:52,011
ARAB EMIRATES' STATE INVESTMENT

801
00:21:52,077 --> 00:21:53,012
FUND AND SERVES AS NATIONAL

802
00:21:53,078 --> 00:21:55,514
SECURITY ADVISOR, SOMETIMES

803
00:21:55,581 --> 00:21:56,515
REFERRED TO AS THE SPY SHEIK.

804
00:21:56,582 --> 00:21:57,316
>> John: OH, YEAH.

805
00:21:57,383 --> 00:21:58,517
I FORGOT TO MENTION.

806
00:21:58,584 --> 00:22:00,019
THE GUY AT THE CENTER OF ALL OF

807
00:22:00,085 --> 00:22:00,619
THIS IS APPARENTLY CALLED "THE

808
00:22:00,686 --> 00:22:06,025
SPY SHEIK."

809
00:22:06,091 --> 00:22:06,592
WHICH FRANKLY, ISN'T GREAT,

810
00:22:06,659 --> 00:22:07,193
GIVEN THAT "SPY SHEIK" SOUNDS

811
00:22:07,259 --> 00:22:07,793
LIKE THE TITLE OF A CULTURALLY

812
00:22:07,860 --> 00:22:08,327
INSENSITIVE '90s THRILLER

813
00:22:08,394 --> 00:22:11,030
STARRING STEVEN SEAGAL.

814
00:22:11,096 --> 00:22:12,531
THE SPY SHEIK IS THE BROTHER OF

815
00:22:12,598 --> 00:22:13,032
UAE'S PRESIDENT.

816
00:22:13,098 --> 00:22:14,533
AND HE GOT THAT NICKNAME BECAUSE

817
00:22:14,600 --> 00:22:18,037
HE'S SPENT THE LAST DECADE AS

818
00:22:18,103 --> 00:22:18,671
THE COUNTRY'S NATIONAL SECURITY

819
00:22:18,737 --> 00:22:19,205
ADVISOR, EVEN AT ONE POINT

820
00:22:19,271 --> 00:22:20,539
BECOMING EMBROILED IN A SPYING

821
00:22:20,606 --> 00:22:22,541
SCANDAL WHEN IT EMERGED THAT

822
00:22:22,608 --> 00:22:23,175
OPERATIVES HIRED BY THE EMIRATES

823
00:22:23,242 --> 00:22:26,545
WERE TARGETING HUMAN RIGHTS

824
00:22:26,612 --> 00:22:27,146
ACTIVISTS, INCLUDING ONE WHOSE

825
00:22:27,213 --> 00:22:28,047
BABY MONITOR THEY HACKED TO SPY

826
00:22:28,113 --> 00:22:29,048
ON HIS FAMILY.

827
00:22:29,114 --> 00:22:30,549
WHICH SURE SEEMS LIKE THE SORT

828
00:22:30,616 --> 00:22:32,051
OF THING YOU'D WANT TO KNOW

829
00:22:32,117 --> 00:22:34,053
BEFORE RELEASING, I DUNNO,

830
00:22:34,119 --> 00:22:35,554
HIGH-POWERED COMPUTER CHIPS TO A

831
00:22:35,621 --> 00:22:35,788
COUNTRY.

832
00:22:35,855 --> 00:22:38,557
ALTHOUGH, FOR WHAT IT'S WORTH --

833
00:22:38,624 --> 00:22:39,558
HACKING A BABY MONITOR FOR

834
00:22:39,625 --> 00:22:41,060
SPYING ALSO DOESN'T MAKE A LOT

835
00:22:41,126 --> 00:22:43,562
OF SENSE TO ME.

836
00:22:43,629 --> 00:22:46,565
NO ONE'S DISCUSSING THEIR

837
00:22:46,632 --> 00:22:47,166
POLITICAL ACTIVIST PLANS WHILE

838
00:22:47,233 --> 00:22:47,700
PUTTING THEIR BABY TO BED.

839
00:22:47,766 --> 00:22:50,569
IF A PARENT IS SAYING ANYTHING,

840
00:22:50,636 --> 00:22:53,072
IT'S WHISPERING OVER AND OVER "I

841
00:22:53,138 --> 00:22:55,074
WILL PAY YOU ONE THOUSAND

842
00:22:55,140 --> 00:22:55,641
DOLLARS TO GO TO SLEEP RIGHT

843
00:22:55,708 --> 00:22:59,078
NOW."

844
00:22:59,144 --> 00:23:01,080
BUT BECAUSE WORLD LIBERTY IS A

845
00:23:01,146 --> 00:23:02,581
PRIVATE COMPANY, WE DIDN'T EVEN

846
00:23:02,648 --> 00:23:07,086
FIND OUT ABOUT THAT INVESTMENT

847
00:23:07,152 --> 00:23:07,720
UNTIL "THE WALL STREET JOURNAL"

848
00:23:07,786 --> 00:23:08,587
REPORTED IT EARLIER THIS YEAR --

849
00:23:08,654 --> 00:23:09,221
EVEN THOUGH THAT DEAL INVOLVES A

850
00:23:09,288 --> 00:23:09,788
FOREIGN GOVERNMENT OFFICIAL

851
00:23:09,855 --> 00:23:12,591
TAKING A MAJOR OWNERSHIP STAKE

852
00:23:12,658 --> 00:23:13,592
IN AN INCOMING U.S. PRESIDENT'S

853
00:23:13,659 --> 00:23:14,593
COMPANY AND STEERING, AT A

854
00:23:14,660 --> 00:23:17,596
MINIMUM, $187 MILLION TO THE

855
00:23:17,663 --> 00:23:18,597
PRESIDENT'S FAMILY.

856
00:23:18,664 --> 00:23:21,100
THAT IS LITERALLY UNPRECEDENTED

857
00:23:21,166 --> 00:23:22,601
IN AMERICAN POLITICS.

858
00:23:22,668 --> 00:23:24,603
NOW, I HAVE TO SAY: WORLD

859
00:23:24,670 --> 00:23:26,105
LIBERTY INSISTS THE COMPANY HAS

860
00:23:26,171 --> 00:23:27,606
NO ROLE IN, OR INFLUENCE ON,

861
00:23:27,673 --> 00:23:29,108
GOVERNMENT POLICY.

862
00:23:29,174 --> 00:23:31,110
AND THE WHITE HOUSE TOLD US THAT

863
00:23:31,176 --> 00:23:32,111
THE PRESIDENT ONLY ACTS IN THE

864
00:23:32,177 --> 00:23:35,614
BEST INTERESTS OF THE AMERICAN

865
00:23:35,681 --> 00:23:36,115
PUBLIC, AND THERE ARE NO

866
00:23:36,181 --> 00:23:40,119
CONFLICTS OF INTEREST.

867
00:23:40,185 --> 00:23:40,753
WHICH -- HUGE FOR THIS COUNTRY,

868
00:23:40,819 --> 00:23:43,622
IF TRUE.

869
00:23:43,689 --> 00:23:50,129
MEANWHILE, TRUMP'S INSISTED HE'S

870
00:23:50,195 --> 00:23:50,729
DOES NOT CONTROL HIS FAMILY'S

871
00:23:50,796 --> 00:23:51,297
CRYPTO VENTURES AND IN FACT,

872
00:23:51,363 --> 00:23:51,864
BARELY PAYS ATTENTION TO IT.

873
00:23:51,931 --> 00:23:52,464
>> MR. PRESIDENT, "WALL STREET

874
00:23:52,531 --> 00:23:53,098
JOURNAL" REPORTED THAT THE ROYAL

875
00:23:53,165 --> 00:23:53,666
FAMILY OF ABU DHABI INVESTED

876
00:23:53,732 --> 00:23:54,300
HUNDREDS OF MILLIONS OF DOLLARS

877
00:23:54,366 --> 00:23:55,134
IN YOUR WORLD LIBERTY FINANCIAL.

878
00:23:55,200 --> 00:23:57,136
CAN YOU EXPLAIN WHY YOU DECIDED

879
00:23:57,202 --> 00:23:57,636
TO TAKE THAT INVESTMENT?

880
00:23:57,703 --> 00:23:58,137
WAS THAT A TRANSACTION.

881
00:23:58,203 --> 00:24:01,140
>> WELL, I DON'T KNOW ABOUT IT.

882
00:24:01,206 --> 00:24:01,707
I KNOW THAT CRYPTO IS A BIG

883
00:24:01,774 --> 00:24:04,143
THING AND THEY LIKE IT.

884
00:24:04,209 --> 00:24:04,677
A LOT OF PEOPLE LIKE IT.

885
00:24:04,743 --> 00:24:07,646
THE PEOPLE BEHIND ME LIKE IT.

886
00:24:07,713 --> 00:24:11,650
MY SONS ARE HANDLING THAT.

887
00:24:11,717 --> 00:24:12,651
MY FAMILY IS HANDLING IT.

888
00:24:12,718 --> 00:24:13,285
AND I GUESS THEY GET INVESTMENTS

889
00:24:13,352 --> 00:24:16,155
FROM DIFFERENT PEOPLE.

890
00:24:16,221 --> 00:24:17,656
>> John: OH, COME THE FUCK ON.

891
00:24:17,723 --> 00:24:18,257
IN MOST CASES, I'M WILLING TO

892
00:24:18,324 --> 00:24:20,159
BELIEVE TRUMP DOESN'T TALK TO

893
00:24:20,225 --> 00:24:21,660
HIS SONS, ESPECIALLY CONSIDERING

894
00:24:21,727 --> 00:24:28,734
HIS WEDDING PRESENT TO DON JR.

895
00:24:30,235 --> 00:24:30,769
WAS APPARENTLY TO NOT SHOW UP,

896
00:24:30,836 --> 00:24:31,337
BUT IF THERE'S ANYTHING THAT

897
00:24:31,403 --> 00:24:31,904
BINDS THE THREE OF THESE MEN

898
00:24:31,971 --> 00:24:32,504
TOGETHER IT'S LOVING MONEY AND

899
00:24:32,571 --> 00:24:33,038
HAVING THE BEADY EYES OF A

900
00:24:33,105 --> 00:24:33,672
BUILD-A-BEAR THAT'S BEEN BANNED

901
00:24:33,739 --> 00:24:35,174
FROM ENTERING VICTORIA'S SECRET.

902
00:24:35,240 --> 00:24:37,176
SO WHEN A DEAL COMES UP THAT'LL

903
00:24:37,242 --> 00:24:37,810
PUT TENS OF MILLIONS OF DOLLARS

904
00:24:37,876 --> 00:24:39,678
IN THEIR POCKETS, IT'S REALLY

905
00:24:39,745 --> 00:24:42,681
HARD TO BELIEVE THAT TRUMP'S

906
00:24:42,748 --> 00:24:44,683
UNAWARE OF IT.

907
00:24:44,750 --> 00:24:46,685
THE POINT IS, IT SURE SEEMS LIKE

908
00:24:46,752 --> 00:24:47,252
TRUMP'S EXPLOITING CRYPTO'S

909
00:24:47,319 --> 00:24:48,187
SKETCHINESS FOR MAXIMUM PROFIT.

910
00:24:48,253 --> 00:24:50,689
AND IMPORTANTLY, AT THE SAME

911
00:24:50,756 --> 00:24:51,690
TIME, HE'S NOW MAKING IT MUCH

912
00:24:51,757 --> 00:24:52,257
EASIER FOR OTHERS TO DO THE

913
00:24:52,324 --> 00:24:54,193
SAME.

914
00:24:54,259 --> 00:24:55,694
WE'VE SHOWN YOU THIS CLIP

915
00:24:55,761 --> 00:24:56,261
BEFORE, BUT AT THAT BITCOIN

916
00:24:56,328 --> 00:24:58,197
CONFERENCE, THE BIGGEST CHEER

917
00:24:58,263 --> 00:25:00,199
TRUMP GOT CAME WHEN HE PROMISED

918
00:25:00,265 --> 00:25:00,766
TO FIRE THE THEN-HEAD OF THE

919
00:25:00,833 --> 00:25:03,202
SEC, WHO WAS SEEN TO BE TOO

920
00:25:03,268 --> 00:25:04,203
TOUGH ON CRYPTO.

921
00:25:04,269 --> 00:25:06,705
>> ON DAY ONE, I WILL FIRE GARY

922
00:25:06,772 --> 00:25:07,306
GENSLER AND APPOINT A NEW SEC

923
00:25:07,373 --> 00:25:10,709
CHAIRMAN.

924
00:25:10,776 --> 00:25:17,783
[CHEERS]

925
00:25:20,786 --> 00:25:21,720
I DIDN'T KNOW HE WAS THAT

926
00:25:21,787 --> 00:25:23,222
UNPOPULAR!

927
00:25:23,288 --> 00:25:30,295
[CHEERS]

928
00:25:32,798 --> 00:25:33,732
WOW.

929
00:25:33,799 --> 00:25:34,266
I DIDN'T KNOW HE WAS THAT

930
00:25:34,333 --> 00:25:37,236
UNPOPULAR.

931
00:25:37,302 --> 00:25:38,737
LET ME SAY IT AGAIN.

932
00:25:38,804 --> 00:25:40,239
[LAUGHTER]

933
00:25:40,305 --> 00:25:42,241
ON DAY ONE, I WILL FIRE GARY

934
00:25:42,307 --> 00:25:43,742
GENSLER.

935
00:25:43,809 --> 00:25:44,743
[CHEERS]

936
00:25:44,810 --> 00:25:50,249
WOAH!

937
00:25:50,315 --> 00:25:52,751
>> John: WOW.

938
00:25:52,818 --> 00:25:53,352
I GOTT SAY, THANK GOODNESS HE

939
00:25:53,419 --> 00:25:53,819
ONLY SAID THAT TWICE.

940
00:25:53,886 --> 00:25:54,453
BECAUSE THE WAY THAT ESCALATED,

941
00:25:54,520 --> 00:25:55,054
IF HE'D SAID "I WILL FIRE GARY

942
00:25:55,120 --> 00:25:55,754
GENSLER" A THIRD TIME, HE

943
00:25:55,821 --> 00:25:57,256
WOULD'VE FLOATED OUT OF THAT

944
00:25:57,322 --> 00:26:00,759
ROOM ON A RIVER OF CUM.

945
00:26:00,826 --> 00:26:02,761
NOW, GENSLER, SEEING THE WRITING

946
00:26:02,828 --> 00:26:03,762
ON THE WALL, STEPPED DOWN ON

947
00:26:03,829 --> 00:26:04,296
TRUMP'S FIRST DAY BACK IN

948
00:26:04,363 --> 00:26:05,764
OFFICE.

949
00:26:05,831 --> 00:26:06,265
AND IN HIS PLACE, TRUMP

950
00:26:06,331 --> 00:26:07,766
APPOINTED THE VERY PRO-CRYPTO

951
00:26:07,833 --> 00:26:09,768
PAUL ATKINS.

952
00:26:09,835 --> 00:26:13,272
AND IT'S NOTABLE THAT, WHEN THE

953
00:26:13,338 --> 00:26:13,906
"TIMES" LOOKED INTO IT, IT FOUND

954
00:26:13,972 --> 00:26:14,473
THE SEC HAD EASED UP ON MORE

955
00:26:14,540 --> 00:26:15,274
THAN 60% OF THE CRYPTO CASES

956
00:26:15,340 --> 00:26:16,775
THAT WERE ONGOING WHEN TRUMP

957
00:26:16,842 --> 00:26:17,776
RETURNED TO THE WHITE HOUSE,

958
00:26:17,843 --> 00:26:21,280
MOVING TO PAUSE LITIGATION,

959
00:26:21,346 --> 00:26:21,880
LESSEN PENALTIES, OR OUTRIGHT

960
00:26:21,947 --> 00:26:23,282
DISMISS THE CASES.

961
00:26:23,348 --> 00:26:24,783
AND THIS ADMINISTRATION'S NOW

962
00:26:24,850 --> 00:26:26,785
TRYING TO LOCK IN THAT LAX

963
00:26:26,852 --> 00:26:27,386
REGULATORY ENVIRONMENT FOR THE

964
00:26:27,453 --> 00:26:28,287
FORESEEABLE FUTURE.

965
00:26:28,353 --> 00:26:29,288
BECAUSE THEY, ALONG WITH THE

966
00:26:29,354 --> 00:26:30,789
CRYPTO INDUSTRY, ARE CURRENTLY

967
00:26:30,856 --> 00:26:32,791
MAKING A HARD PUSH FOR A

968
00:26:32,858 --> 00:26:33,792
SWEEPING CRYPTO BILL CALLED THE

969
00:26:33,859 --> 00:26:35,794
CLARITY ACT THAT WOULD

970
00:26:35,861 --> 00:26:37,796
FUNDAMENTALLY REORDER HOW CRYPTO

971
00:26:37,863 --> 00:26:39,798
IS REGULATED, LARGELY SHIFTING

972
00:26:39,865 --> 00:26:41,800
IT OUT OF THE PURVIEW OF THE SEC

973
00:26:41,867 --> 00:26:43,302
-- WHOSE CORE MISSION INCLUDES

974
00:26:43,368 --> 00:26:45,304
PROTECTING INVESTORS -- AND

975
00:26:45,370 --> 00:26:47,806
GIVING THAT AUTHORITY INSTEAD TO

976
00:26:47,873 --> 00:26:49,308
THE COMMODITY FUTURES TRADING

977
00:26:49,374 --> 00:26:49,908
COMMISSION -- A SHORT-STAFFED

978
00:26:49,975 --> 00:26:50,476
FEDERAL AGENCY WITH LIMITED

979
00:26:50,542 --> 00:26:51,043
ENFORCEMENT CAPACITY AND NO

980
00:26:51,110 --> 00:26:52,311
EXPLICIT MANDATE TO PROTECT

981
00:26:52,377 --> 00:26:57,816
INVESTORS.

982
00:26:57,883 --> 00:26:58,417
AND IF THE CLARITY ACT PASSES,

983
00:26:58,484 --> 00:26:58,984
THE CHANGES COULD BE HARD TO

984
00:26:59,051 --> 00:27:00,319
UNDO.

985
00:27:00,385 --> 00:27:01,320
ONE EXECUTIVE OF A CRYPTO TRADE

986
00:27:01,386 --> 00:27:02,821
GROUP HAS EVEN SAID, IT GETS

987
00:27:02,888 --> 00:27:03,822
REALLY HARD FOR THE NEXT

988
00:27:03,889 --> 00:27:07,826
ADMINISTRATION, WHETHER IT'S

989
00:27:07,893 --> 00:27:08,360
REPUBLICAN OR DEMOCRAT, TO

990
00:27:08,427 --> 00:27:08,927
REALLY CHANGE TOO MUCH ABOUT

991
00:27:08,994 --> 00:27:09,328
IT."

992
00:27:09,394 --> 00:27:11,830
AND THAT SHOULD BE WORRYING,

993
00:27:11,897 --> 00:27:12,831
ESPECIALLY GIVEN NOTHING IN ITS

994
00:27:12,898 --> 00:27:14,833
LATEST DRAFT WOULD PREVENT TRUMP

995
00:27:14,900 --> 00:27:17,336
FROM CONTINUING TO PROFIT FROM

996
00:27:17,402 --> 00:27:17,936
HIS MEMECOIN, OR OTHER CRYPTO

997
00:27:18,003 --> 00:27:19,338
VENTURES.

998
00:27:19,404 --> 00:27:21,840
AND LOOK, I KNOW YOU MIGHT BE

999
00:27:21,907 --> 00:27:26,345
SAYING, "WHY DOES ANY OF THIS

1000
00:27:26,411 --> 00:27:26,578
MATTER?

1001
00:27:26,645 --> 00:27:27,112
I'VE BEEN TRYING TO AVOID

1002
00:27:27,179 --> 00:27:29,848
THINKING ABOUT OR DEALING WITH

1003
00:27:29,915 --> 00:27:34,853
CRYPTO UP UNTIL THIS POINT IN MY

1004
00:27:34,920 --> 00:27:35,354
LIFE."

1005
00:27:35,420 --> 00:27:35,988
BUT THAT'S ACTUALLY SORT OF THE

1006
00:27:36,054 --> 00:27:36,355
PROBLEM HERE.

1007
00:27:36,421 --> 00:27:36,955
BECAUSE IF THESE CONFLICTS OF

1008
00:27:37,022 --> 00:27:37,456
INTEREST WERE AS EASY TO

1009
00:27:37,523 --> 00:27:38,857
UNDERSTAND AS SOMETHING LIKE

1010
00:27:38,924 --> 00:27:40,859
JIMMY CARTER AND HIS PEANUT

1011
00:27:40,926 --> 00:27:43,862
FARM, I THINK THERE'D BE A LOT

1012
00:27:43,929 --> 00:27:45,864
MORE ALARM ABOUT JUST HOW

1013
00:27:45,931 --> 00:27:46,365
FLAGRANTLY CORRUPT AND

1014
00:27:46,431 --> 00:27:47,866
COMPROMISED TRUMP LOOKS HERE.

1015
00:27:47,933 --> 00:27:49,368
THAT'S WHY WE BADLY NEED PROPER

1016
00:27:49,434 --> 00:27:51,870
GUARD RAILS GOING FORWARD.

1017
00:27:51,937 --> 00:27:53,372
BUT THE CLARITY ACT IS JUST NOT

1018
00:27:53,438 --> 00:27:55,874
THE ANSWER.

1019
00:27:55,941 --> 00:27:56,875
AND UNTIL WE FIND A BETTER ONE,

1020
00:27:56,942 --> 00:28:01,880
MAYBE JUST ASSUME THAT IF YOU

1021
00:28:01,947 --> 00:28:05,384
SEE THE TRUMP FAMILY ENGAGING IN

1022
00:28:05,450 --> 00:28:05,984
A MAJOR CRYPTO DEAL, PROBABLY

1023
00:28:06,051 --> 00:28:06,885
WITH AN EMBARRASSINGLY

1024
00:28:06,952 --> 00:28:08,887
UNIMAGINATIVE NAME, SOME SHADY

1025
00:28:08,954 --> 00:28:09,421
SHIT IS LIKELY GOING DOWN.

1026
00:28:09,488 --> 00:28:10,389
BECAUSE IF AFTER ALL THIS, YOU

1027
00:28:10,455 --> 00:28:15,894
TRULY BELIEVE THAT EVERYONE

1028
00:28:15,961 --> 00:28:16,528
FUNNELING MONEY TO TRUMP THROUGH

1029
00:28:16,595 --> 00:28:17,095
CRYPTO -- INCLUDING THE SPY

1030
00:28:17,162 --> 00:28:17,629
SHEIKH -- EXPECTS NOTHING

1031
00:28:17,696 --> 00:28:18,230
NOTHING IN RETURN, AND IS JUST

1032
00:28:18,297 --> 00:28:21,900
MAKING A SOUND, RATIONAL

1033
00:28:21,967 --> 00:28:22,534
BUSINESS DECISION, THEN FRANKLY,

1034
00:28:22,601 --> 00:28:23,402
I'VE GOT A $6.2 MILLION BANANA

1035
00:28:23,468 --> 00:28:24,903
I'D LIKE TO SELL YOU.

1036
00:28:24,970 --> 00:28:25,904
AND NOW, THIS.

1037
00:28:25,971 --> 00:28:32,978
>> Announcer: AND NOW,

1038
00:28:33,979 --> 00:28:35,914
MORE DELIGHTFULLY BIZARRE

1039
00:28:35,981 --> 00:28:38,417
MUSINGS FROM PHILLIES COLOR

1040
00:28:38,483 --> 00:28:39,418
COMMENTATOR JOHN KRUK.

1041
00:28:39,484 --> 00:28:40,586
>> SO YOU KNOW HOW I THINK OF

1042
00:28:40,652 --> 00:28:44,423
THINGS WHEN I HAVE FREE TIME?

1043
00:28:44,489 --> 00:28:44,923
>> YEAH.

1044
00:28:44,990 --> 00:28:46,191
>> SO I WAS WONDERING, THE

1045
00:28:46,258 --> 00:28:48,493
PERSON WHO HAD BEEN AT THE

1046
00:28:48,560 --> 00:28:48,927
CLOCK --

1047
00:28:48,994 --> 00:28:52,431
>> WHICH ONE, THE DIGITAL --

1048
00:28:52,497 --> 00:28:52,965
>> THE FIRST CLOCK EVER.

1049
00:28:53,031 --> 00:28:54,032
HOW DID THAT PERSON KNOW WHAT

1050
00:28:54,099 --> 00:28:57,936
TIME IT WAS?

1051
00:28:58,003 --> 00:29:00,439
DID I EVER TELL YOU WE ARE

1052
00:29:00,505 --> 00:29:01,940
CUTTING DOWN TREES IN MY PLACE

1053
00:29:02,007 --> 00:29:03,442
IN WEST VIRGINIA AND SOME GUY

1054
00:29:03,508 --> 00:29:04,443
STARTED SHOOTING AT US.

1055
00:29:04,509 --> 00:29:05,944
>> I DON'T THINK YOU TOLD ME

1056
00:29:06,011 --> 00:29:07,946
THAT ONE.

1057
00:29:08,013 --> 00:29:09,014
>> 25 POUNDS OF PRESSURE IF

1058
00:29:09,081 --> 00:29:11,016
SOMEONE'S ATTACKING TO YOU YOU

1059
00:29:11,083 --> 00:29:12,951
CAN RIP THEIR EAR OFF.

1060
00:29:13,018 --> 00:29:14,453
THAT'S THE SAME AMOUNT OF

1061
00:29:14,519 --> 00:29:20,959
PRESSURE TO OPEN A PICKLE JAR.

1062
00:29:21,026 --> 00:29:21,460
>> YESSIR.

1063
00:29:21,526 --> 00:29:22,961
>> IF YOU CALL ME SIR AGAIN I'M

1064
00:29:23,028 --> 00:29:25,464
GOING TO PUNCH YOU.

1065
00:29:25,530 --> 00:29:27,466
>> SALAD ON A SANDWICH.

1066
00:29:27,532 --> 00:29:30,469
>> LIKE THE CROUTONS.

1067
00:29:30,535 --> 00:29:31,470
>> 0-22 SUAREZ.

1068
00:29:31,536 --> 00:29:31,970
INSIDE.

1069
00:29:32,037 --> 00:29:34,139
>> IF I WERE EVER TO BECOME A

1070
00:29:34,206 --> 00:29:36,475
VEGAN WOULD YOU PUNCH ME AS HARD

1071
00:29:36,541 --> 00:29:40,479
AS YOU CAN IN THE FACE.

1072
00:29:40,545 --> 00:29:41,980
>> I'M STILL BEING LOOKED AT

1073
00:29:42,047 --> 00:29:43,482
FROM THE FBI.

1074
00:29:43,548 --> 00:29:45,484
I'M SURE THEY HAD A NO FLY ZONE

1075
00:29:45,550 --> 00:29:46,985
FOR ME.

1076
00:29:47,052 --> 00:29:49,988
SOME KID CAME UP TO ME, HAD TO

1077
00:29:50,055 --> 00:29:51,990
BE LIKE 19.

1078
00:29:52,057 --> 00:29:53,492
DIDN'T SPEAK ENGLISH.

1079
00:29:53,558 --> 00:29:55,060
ASKED ME TO COME WITH HIM.

1080
00:29:55,127 --> 00:29:57,062
I SAID WHAT THE HELL.

1081
00:29:57,129 --> 00:29:57,562
YOU KNOW?

1082
00:29:57,629 --> 00:29:59,064
I GOT IN THE CAR WITH HIM.

1083
00:29:59,131 --> 00:29:59,765
I'M PROBABLY GOING TO DIE BUT

1084
00:29:59,831 --> 00:30:02,501
IT'S BEEN A GOOD RUN.

1085
00:30:02,567 --> 00:30:07,005
>> WE'VE GOT TIME, JOHN.

1086
00:30:07,072 --> 00:30:09,007
>> HOW MUCH TIME.

1087
00:30:09,074 --> 00:30:14,012
>> WE'VE GOT LIGHT, SO WE CAN GO

1088
00:30:14,079 --> 00:30:17,516
AS LONG AS YOU WANT.

1089
00:30:17,582 --> 00:30:19,518
>> BREAKING BALL, 2-2.

1090
00:30:19,584 --> 00:30:21,687
>> I'M NOT DEPRESSED ANYMORE.

1091
00:30:21,753 --> 00:30:22,120
>> John: MOVING ON.

1092
00:30:22,187 --> 00:30:22,754
BEFORE WE GO, A QUICK WORD ABOUT

1093
00:30:22,821 --> 00:30:23,088
THE WORLD CUP.

1094
00:30:23,155 --> 00:30:27,025
AND BY THE WAY, A BIG

1095
00:30:27,092 --> 00:30:28,527
CONGRATULATIONS TO SPAIN, AND A

1096
00:30:28,593 --> 00:30:32,531
BIGGER "FUCK YOU" TO ARGENTINA.

1097
00:30:32,597 --> 00:30:36,535
FUCK YOU, FUCK YOU.

1098
00:30:36,601 --> 00:30:38,036
YOU HEARD IT TO ME AGAIN.

1099
00:30:38,103 --> 00:30:42,040
YOU DID IT TO ME AGAIN!

1100
00:30:42,107 --> 00:30:42,674
THE WORLD CUP BROUGHT FANS FROM

1101
00:30:42,741 --> 00:30:43,275
ALL OVER THE GLOBE, AND IT WAS

1102
00:30:43,342 --> 00:30:43,875
GREAT TO WATCH THEM EXPERIENCE

1103
00:30:43,942 --> 00:30:46,044
WHAT AMERICA HAS TO OFFER --

1104
00:30:46,111 --> 00:30:46,645
FROM THIS TWEET FROM A SWEDISH

1105
00:30:46,712 --> 00:30:49,548
FAN READING, "EUROPE WE NEED

1106
00:30:49,614 --> 00:30:51,049
RANCH ASAP," TO ERLING HAALAND

1107
00:30:51,116 --> 00:30:52,551
RETURNING HOME WITH, AMONG OTHER

1108
00:30:52,617 --> 00:30:54,553
THINGS, A TAXIDERMIED RACCOON.

1109
00:30:54,619 --> 00:30:58,056
JIMOTHY, NO!

1110
00:30:58,123 --> 00:30:59,558
BUT THERE WAS ONE PLACE THAT

1111
00:30:59,624 --> 00:31:01,059
BECAME SOMETHING OF A

1112
00:31:01,126 --> 00:31:03,061
DESTINATION FOR INTERNATIONAL

1113
00:31:03,128 --> 00:31:04,062
VISITORS -- SPECIFICALLY, THIS.

1114
00:31:04,129 --> 00:31:06,064
>> OKAY, WE'RE INSIDE BUC-EE'S

1115
00:31:06,131 --> 00:31:08,567
AND IT HAS TO BE THE BIGGEST GAS

1116
00:31:08,633 --> 00:31:08,900
STATION EVER.

1117
00:31:08,967 --> 00:31:10,068
IT IS HUGE.

1118
00:31:10,135 --> 00:31:11,570
>> IT'S LIKE A -- IT'S LIKE A

1119
00:31:11,636 --> 00:31:13,572
SUPERMARKET REST AREA ON

1120
00:31:13,638 --> 00:31:18,076
STEROIDS, BY THE WAY.

1121
00:31:18,143 --> 00:31:18,577
>> HERE'S A CUP, YOU GET

1122
00:31:18,643 --> 00:31:19,211
UNLIMITED REFILLS FOR A DOLLAR.

1123
00:31:19,277 --> 00:31:20,078
IT'S BIGGER THAN MY HEAD.

1124
00:31:20,145 --> 00:31:23,582
WHAT THE FUCK?

1125
00:31:23,648 --> 00:31:24,116
>> YOU'VE GOT EVERYTHING.

1126
00:31:24,182 --> 00:31:25,083
A BISCUIT, SAUSAGE BISCUIT,

1127
00:31:25,150 --> 00:31:26,084
SAUSAGE AND EGG, EGG CHEESE,

1128
00:31:26,151 --> 00:31:27,085
BACON EGG CHEESE BISCUIT -- I

1129
00:31:27,152 --> 00:31:27,686
MIGHT TRY THAT BECAUSE I DON'T

1130
00:31:27,753 --> 00:31:31,089
KNOW WHAT A BISCUIT IS.

1131
00:31:31,156 --> 00:31:31,656
>> John: NOW, TO BE FAIR, I

1132
00:31:31,723 --> 00:31:32,224
DIDN'T ACTUALLY KNOW WHAT A

1133
00:31:32,290 --> 00:31:32,791
BISCUIT WAS BEFORE I CAME TO

1134
00:31:32,858 --> 00:31:34,092
AMERICA EITHER.

1135
00:31:34,159 --> 00:31:34,726
BECAUSE IN ENGLAND, A BISCUIT IS

1136
00:31:34,793 --> 00:31:35,293
A COOKIE, WHILE IN THE U.S.,

1137
00:31:35,360 --> 00:31:35,827
IT'S APPARENTLY A MOUND OF

1138
00:31:35,894 --> 00:31:42,601
BUTTER WEARING A BREAD COSTUME.

1139
00:31:42,667 --> 00:31:43,168
STILL, MADAM, WELCOME TO THE

1140
00:31:43,235 --> 00:31:44,603
FIRST DAY OF THE REST OF YOUR

1141
00:31:44,669 --> 00:31:46,605
LIFE.

1142
00:31:46,671 --> 00:31:48,106
A LIFE THAT'LL NOW BE BOTH

1143
00:31:48,173 --> 00:31:48,673
IMPROVED, AND SHORTENED, BY

1144
00:31:48,740 --> 00:31:49,608
BISCUITS.

1145
00:31:49,674 --> 00:31:51,109
IF YOU'RE NOT FAMILIAR WITH

1146
00:31:51,176 --> 00:31:52,611
BUC-EE'S, IT'S A GAS STATION

1147
00:31:52,677 --> 00:31:53,612
CHAIN ORIGINATING IN TEXAS,

1148
00:31:53,678 --> 00:31:56,615
WHERE YOU CAN NOT ONLY WATER

1149
00:31:56,681 --> 00:31:57,115
BOARD YOUR BLADDER WITH

1150
00:31:57,182 --> 00:31:57,649
DR. PEPPER, BUT WHERE THEY

1151
00:31:57,716 --> 00:31:59,117
FAMOUSLY DO EVERYTHING TO

1152
00:31:59,184 --> 00:32:01,119
EXCESS.

1153
00:32:01,186 --> 00:32:03,121
>> THESE DAYS, BUC-EES HAS 41

1154
00:32:03,188 --> 00:32:05,123
TRAVEL CENTERS THROUGHOUT THE

1155
00:32:05,190 --> 00:32:06,124
SOUTH, AND BOASTS TWO WORLD

1156
00:32:06,191 --> 00:32:08,627
RECORDS, FOR THE WORLD'S LARGEST

1157
00:32:08,693 --> 00:32:09,194
GAS STATION AND THE WORLD'S

1158
00:32:09,261 --> 00:32:14,633
LONGEST CAR WASH.

1159
00:32:14,699 --> 00:32:16,635
WHOA.

1160
00:32:16,701 --> 00:32:19,137
TECHNICOLOR.

1161
00:32:19,204 --> 00:32:22,140
HAVEN'T SEEN THAT BEFORE.

1162
00:32:22,207 --> 00:32:23,642
>> John: OKAY, FIRST, CALM DOWN.

1163
00:32:23,708 --> 00:32:25,143
CAR WASHES JIZZ PEPTO-BISMOL

1164
00:32:25,210 --> 00:32:26,645
OVER YOUR WINDOWS ALL THE TIME.

1165
00:32:26,711 --> 00:32:27,078
IT'S WHAT THEY DO.

1166
00:32:27,145 --> 00:32:30,148
AND SECOND, IF THAT IS THE

1167
00:32:30,215 --> 00:32:31,149
WORLD'S LONGEST CAR WASH, IT

1168
00:32:31,216 --> 00:32:32,651
PROBABLY ALSO HOLDS THE RECORD

1169
00:32:32,717 --> 00:32:34,653
FOR THE WORLD'S LONGEST AWKWARD

1170
00:32:34,719 --> 00:32:35,253
SILENCE AFTER SHARON ANNOUNCED

1171
00:32:35,320 --> 00:32:37,155
SHE WANTED A DIVORCE.

1172
00:32:37,222 --> 00:32:38,657
TODD HAD ALREADY PULLED IN, SO

1173
00:32:38,723 --> 00:32:40,659
THERE WAS NO WAY OUT, UNLIKE

1174
00:32:40,725 --> 00:32:44,162
THEIR MARRIAGE.

1175
00:32:44,229 --> 00:32:44,729
BUT AS YOU'VE ALREADY SEEN,

1176
00:32:44,796 --> 00:32:46,164
BUCEES IS BY NO MEANS JUST A GAS

1177
00:32:46,231 --> 00:32:48,166
STATION -- THEY ALSO SELL AN

1178
00:32:48,233 --> 00:32:50,669
ENORMOUS ARRAY OF FOOD, FROM

1179
00:32:50,735 --> 00:32:56,174
JERKY TO FRESH BRISKET CHOPPED

1180
00:32:56,241 --> 00:32:56,775
RIGHT IN FRONT OF YOU, TO OVER

1181
00:32:56,842 --> 00:32:57,409
20 ROTATING FLAVORS OF FUDGE, TO

1182
00:32:57,476 --> 00:32:58,176
BUC-EE'S FAMOUS BEAVER NUGGETS.

1183
00:32:58,243 --> 00:33:00,178
WHICH LOOK LIKE BEAVER SHITS,

1184
00:33:00,245 --> 00:33:01,680
BUT ACTUALLY TASTE LIKE CARAMEL

1185
00:33:01,746 --> 00:33:07,686
FLAVORED BEAVER SHITS.

1186
00:33:07,752 --> 00:33:08,320
BUC-EES ALSO CLAIMS TO HAVE "THE

1187
00:33:08,386 --> 00:33:08,887
WORLD'S CLEANEST RESTROOMS."

1188
00:33:08,954 --> 00:33:09,454
AND TO BE FAIR, THEY DO LOOK

1189
00:33:09,521 --> 00:33:09,721
VERY NICE!

1190
00:33:09,788 --> 00:33:10,322
NOT ONLY DO THEY HAVE MULTIPLE

1191
00:33:10,388 --> 00:33:10,889
TOILET PAPER ROLLS TO CHOOSE

1192
00:33:10,956 --> 00:33:12,691
FROM, IN SOME LOCATIONS, THEY

1193
00:33:12,757 --> 00:33:15,193
EVEN PUT LIGHTS ABOVE EACH STALL

1194
00:33:15,260 --> 00:33:16,194
TO INDICATE IF THEY'RE OCCUPIED

1195
00:33:16,261 --> 00:33:17,195
-- A TECHNOLOGY APPARENTLY

1196
00:33:17,262 --> 00:33:20,198
CALLED "TOOSHLIGHTS."

1197
00:33:20,265 --> 00:33:21,700
WHICH IS AN ADORABLE NAME FOR

1198
00:33:21,766 --> 00:33:22,701
SOMETHING THAT ESSENTIALLY TELLS

1199
00:33:22,767 --> 00:33:24,703
YOU WHETHER OR NOT SOMEONE'S

1200
00:33:24,769 --> 00:33:25,337
SHITTING THEIR BRAINS OUT BEHIND

1201
00:33:25,403 --> 00:33:27,205
A CLOSED DOOR.

1202
00:33:27,272 --> 00:33:28,707
AND CRUCIALLY, ALMOST EVERYTHING

1203
00:33:28,773 --> 00:33:32,210
BUC-EE'S SELLS IS BRANDED WITH

1204
00:33:32,277 --> 00:33:32,744
ITS MASCOT, BUCKY BEAVER.

1205
00:33:32,811 --> 00:33:35,213
NOT ONLY IS THERE A BRONZE

1206
00:33:35,280 --> 00:33:35,780
VERSION OF BUCKY IN FRONT OF

1207
00:33:35,847 --> 00:33:37,716
MANY STORES, HE APPEARS ON MERCH

1208
00:33:37,782 --> 00:33:41,720
LIKE TUMBLERS, HATS, MAGNETS,

1209
00:33:41,786 --> 00:33:42,721
BAND-AIDS, STUFFED ANIMALS, AND

1210
00:33:42,787 --> 00:33:43,288
EVEN THEIR OWN BEAVER NUGGET

1211
00:33:43,355 --> 00:33:45,223
SCENTED TOILET SPRAY.

1212
00:33:45,290 --> 00:33:48,226
AND WHEN YOU SEE ALL THAT, YOU

1213
00:33:48,293 --> 00:33:48,760
DO START TO UNDERSTAND WHY

1214
00:33:48,827 --> 00:33:50,228
INTERNATIONAL TRAVELERS HAVE

1215
00:33:50,295 --> 00:33:52,230
BEEN SO TAKEN BY BUC-EE'S, AS

1216
00:33:52,297 --> 00:33:54,232
IT'S QUINTESSENTIALLY AMERICAN:

1217
00:33:54,299 --> 00:33:56,735
IT'S GLORIOUSLY WEIRD, IT'S

1218
00:33:56,801 --> 00:33:57,736
MASSIVE, AND IT'S ALSO FULL OF

1219
00:33:57,802 --> 00:34:00,238
SALTY SNACKS AND RED MEAT.

1220
00:34:00,305 --> 00:34:01,740
BUT UNFORTUNATELY, THERE'S

1221
00:34:01,806 --> 00:34:03,241
SOMETHING ELSE DEEPLY AMERICAN

1222
00:34:03,308 --> 00:34:04,242
ABOUT BUC-EE'S, AND THAT'S THIS.

1223
00:34:04,309 --> 00:34:06,745
>> THE BUC-EE'S BEAVER IS

1224
00:34:06,811 --> 00:34:08,246
FIGHTING AN ALLIGATOR.

1225
00:34:08,313 --> 00:34:09,748
THE POPULAR STOP FOR TRAVELERS

1226
00:34:09,813 --> 00:34:12,751
IS TAKING SAN ANTONIO'S CHOKE

1227
00:34:12,817 --> 00:34:13,351
CANYON BARBECUE RESTAURANT TO

1228
00:34:13,418 --> 00:34:15,754
FEDERAL COURT THIS WEEK.

1229
00:34:15,820 --> 00:34:17,255
BUC-EE'S CLAIMS THE CARTOON

1230
00:34:17,322 --> 00:34:19,257
ALLIGATOR WEARING A COWBOY HAT

1231
00:34:19,324 --> 00:34:20,759
IS TOO SIMILAR TO ITS LOGO OF A

1232
00:34:20,824 --> 00:34:22,761
BEAVER WEARING A BASEBALL CAP.

1233
00:34:22,827 --> 00:34:24,763
>> THE MEGA GAS STATION BUC-EE'S

1234
00:34:24,829 --> 00:34:27,766
IS SUING ANOTHER GAS STATION

1235
00:34:27,831 --> 00:34:28,766
CHAIN OVER ALLEGED TRADEMARK

1236
00:34:28,833 --> 00:34:29,768
INFRINGEMENT.

1237
00:34:29,833 --> 00:34:32,270
ATTORNEYS FOR BUC-EE'S ARGUE THE

1238
00:34:32,337 --> 00:34:34,272
SUPER FUELS LOGO IS A LITTLE TOO

1239
00:34:34,339 --> 00:34:35,273
SIMILAR TO BUC-EE'S LOGO AND

1240
00:34:35,340 --> 00:34:35,739
WOULD PROBABLY CONFUSE

1241
00:34:35,806 --> 00:34:37,775
CUSTOMERS.

1242
00:34:37,842 --> 00:34:39,277
>> BUC-EE'S HAS FILED A

1243
00:34:39,344 --> 00:34:40,779
TRADEMARK LAWSUIT AGAINST

1244
00:34:40,844 --> 00:34:42,781
GEORGIA-BASED TEDDY'S MARKET.

1245
00:34:42,847 --> 00:34:44,282
TEDDY'S IS A SMALL GAS STATION

1246
00:34:44,349 --> 00:34:45,283
CHAIN WITH LOCATIONS IN CANTON

1247
00:34:45,350 --> 00:34:46,784
AND BALL GROUND.

1248
00:34:46,851 --> 00:34:48,286
BUC-EE'S CLAIMS TEDDY'S CARTOON

1249
00:34:48,353 --> 00:34:49,788
BEAR LOGO IS TOO SIMILAR TO ITS

1250
00:34:49,853 --> 00:34:51,790
FAMOUS BEAVER.

1251
00:34:51,856 --> 00:34:52,791
>> John: YEAH, TURNS OUT,

1252
00:34:52,857 --> 00:34:54,793
BUC-EE'S LOVES TO SUE OTHER

1253
00:34:54,859 --> 00:34:55,793
COMPANIES, PARTICULARLY THOSE

1254
00:34:55,860 --> 00:34:56,795
WITH ANIMAL MASCOTS.

1255
00:34:56,860 --> 00:34:59,297
THEY'VE FILED OVER A DOZEN SUITS

1256
00:34:59,364 --> 00:34:59,898
OVER THE YEARS -- THREATENING

1257
00:34:59,965 --> 00:35:02,801
MANY MORE.

1258
00:35:02,867 --> 00:35:03,401
AND TO BE FAIR, WITH SOME, YOU

1259
00:35:03,468 --> 00:35:04,803
CAN KIND OF SEE WHY THEY WERE

1260
00:35:04,869 --> 00:35:05,303
MAD.

1261
00:35:05,370 --> 00:35:06,805
FOR INSTANCE, BUC-EES SUED A

1262
00:35:06,871 --> 00:35:07,806
CLOTHING COMPANY FOR SELLING

1263
00:35:07,872 --> 00:35:10,308
THESE SHIRTS OF WHAT SURE LOOKS

1264
00:35:10,375 --> 00:35:12,811
LIKE BUCKY BEAVER HOLDING A

1265
00:35:12,877 --> 00:35:15,313
MACHINE GUN, AND THEY THREATENED

1266
00:35:15,380 --> 00:35:15,880
TO SUE THIS STORE IN MEXICO

1267
00:35:15,947 --> 00:35:17,315
CALLED "BUK-II'S," SPELLED WITH

1268
00:35:17,382 --> 00:35:18,817
A "K" AND TWO "I"S, AND WHICH

1269
00:35:18,883 --> 00:35:21,319
FEATURED THIS AS THEIR MASCOT,

1270
00:35:21,386 --> 00:35:23,321
WHICH LOOKS LIKE WHAT A POLICE

1271
00:35:23,388 --> 00:35:24,322
SKETCH ARTIST WOULD DRAW IF AN

1272
00:35:24,389 --> 00:35:25,824
EYEWITNESS SAW THE REAL BUCKY

1273
00:35:25,890 --> 00:35:28,827
COMMITTING A HOMICIDE.

1274
00:35:28,893 --> 00:35:29,427
NOW, THAT STORE DID EVENTUALLY

1275
00:35:29,494 --> 00:35:30,061
WIND UP CHANGING THEIR SIGN, TO

1276
00:35:30,128 --> 00:35:35,333
LOOK LIKE THIS INSTEAD.

1277
00:35:35,400 --> 00:35:35,834
WHICH IS FANTASTIC.

1278
00:35:35,900 --> 00:35:36,368
I LOVE THAT THEY KEPT THE

1279
00:35:36,434 --> 00:35:36,968
"BUK-II'S" PART AND JUST ADDED

1280
00:35:37,035 --> 00:35:41,339
"MINI SUPER" TO IT, NOT

1281
00:35:41,406 --> 00:35:41,940
ADDRESSING THE KEY PROBLEM AT

1282
00:35:42,007 --> 00:35:44,342
ALL, WHILE ALSO CHANGING THEIR

1283
00:35:44,409 --> 00:35:45,343
MASCOT TO WHAT APPEARS TO BE

1284
00:35:45,410 --> 00:35:46,845
CHIP 'N' DALE IF THEY GOT REALLY

1285
00:35:46,911 --> 00:35:49,347
INTO DIRT BIKES AND METH.

1286
00:35:49,414 --> 00:35:50,348
BUT I HAVE TO SAY, OTHER

1287
00:35:50,415 --> 00:35:52,350
BUC-EE'S LAWSUITS SEEM MORE THAN

1288
00:35:52,417 --> 00:35:53,852
A LITTLE EXCESSIVE.

1289
00:35:53,918 --> 00:35:55,353
TAKE CHOKE CANYON, THAT CHAIN

1290
00:35:55,420 --> 00:35:56,354
WITH THE ALLIGATOR LOGO.

1291
00:35:56,421 --> 00:35:57,355
BUC-EE'S CLAIMED THAT IT

1292
00:35:57,422 --> 00:35:58,857
INFRINGED ON THEIR BEAVER

1293
00:35:58,923 --> 00:36:00,358
TRADEMARK IN PART BECAUSE OF THE

1294
00:36:00,425 --> 00:36:01,860
USE OF A BLACK CIRCLE

1295
00:36:01,926 --> 00:36:03,361
ENCOMPASSING THE ALLIGATOR, THE

1296
00:36:03,428 --> 00:36:04,863
USE OF A YELLOW BACKGROUND, AND

1297
00:36:04,929 --> 00:36:06,364
THE USE OF THE RED-COLORED

1298
00:36:06,431 --> 00:36:07,365
TONGUE OF THE ALLIGATOR COMPARED

1299
00:36:07,432 --> 00:36:11,870
TO THE RED HAT ON THE BEAVER.

1300
00:36:11,936 --> 00:36:12,404
WHICH SOUNDS LIKE THEY'RE

1301
00:36:12,470 --> 00:36:13,772
CLAIMING THEY HAVE LEGAL

1302
00:36:13,838 --> 00:36:14,372
OWNERSHIP OF BLACK CIRCLES,

1303
00:36:14,439 --> 00:36:14,939
YELLOW BACKGROUNDS, AND THE

1304
00:36:15,006 --> 00:36:17,375
COLOR RED.

1305
00:36:17,442 --> 00:36:18,376
AND SOME OF THEIR MORE RECENT

1306
00:36:18,443 --> 00:36:19,010
LAWSUITS JUST SEEM LIKE OUTRIGHT

1307
00:36:19,077 --> 00:36:23,882
BULLYING.

1308
00:36:23,948 --> 00:36:24,482
BUC-EE'S IS CURRENTLY SUING AN

1309
00:36:24,549 --> 00:36:25,050
OHIO CHAIN CALLED MICKEY'S,

1310
00:36:25,116 --> 00:36:25,550
WHOSE LOGO THEY CLAIMED

1311
00:36:25,617 --> 00:36:26,151
"INCORPORATES A CARTOON ANIMAL

1312
00:36:26,217 --> 00:36:27,385
FACING RIGHT WITH WIDE EYES AND

1313
00:36:27,452 --> 00:36:29,387
A SMILE, OVERLAYING A ROUND

1314
00:36:29,454 --> 00:36:31,389
BACKGROUND," SOMETHING IT SAYS

1315
00:36:31,456 --> 00:36:32,891
"IS LIKELY TO CAUSE CONFUSION

1316
00:36:32,957 --> 00:36:33,892
AMONG CONSUMERS."

1317
00:36:33,958 --> 00:36:35,894
AND PLEASE TRY AND KEEP THAT

1318
00:36:35,960 --> 00:36:38,396
CLAIM IN MIND WHEN I SHOW YOU

1319
00:36:38,463 --> 00:36:38,997
MICKEY'S ACTUAL LOGO, BECAUSE

1320
00:36:39,064 --> 00:36:40,398
IT'S THIS.

1321
00:36:40,465 --> 00:36:43,401
AND I'D ARGUE, IF YOU GET

1322
00:36:43,468 --> 00:36:47,906
CONFUSED BETWEEN THOSE TWO

1323
00:36:47,972 --> 00:36:48,540
LOGOS, THAT'S AN ISSUE WITH YOU.

1324
00:36:48,606 --> 00:36:49,407
BECAUSE ONE IS A BEAVER, AND ONE

1325
00:36:49,474 --> 00:36:50,408
IS A MOOSE.

1326
00:36:50,475 --> 00:36:51,009
THEY'RE AGGRESSIVELY DIFFERENT

1327
00:36:51,076 --> 00:36:53,912
ANIMALS.

1328
00:36:53,978 --> 00:36:55,413
IN FACT, THE FIRST QUESTION A

1329
00:36:55,480 --> 00:36:57,415
MEDIC SHOULD ASK IF THEY SUSPECT

1330
00:36:57,482 --> 00:36:58,917
YOU HAVE A CONCUSSION SHOULD BE:

1331
00:36:58,983 --> 00:37:05,990
IS THIS MOOSE ALSO THIS BEAVER?

1332
00:37:08,493 --> 00:37:09,060
IF YOU ANSWER "YES," GO STRAIGHT

1333
00:37:09,127 --> 00:37:09,627
TO THE HOSPITAL, DO NOT PASS

1334
00:37:09,694 --> 00:37:10,128
"GO," DO NOT COLLECT 200

1335
00:37:10,195 --> 00:37:10,628
DOLLARS, YOU ARE CONKED.

1336
00:37:10,695 --> 00:37:11,229
BUT THAT'S NOT CLOSE TO ALL --

1337
00:37:11,296 --> 00:37:12,430
AS YOU SAW, THEY'RE ALSO SUING

1338
00:37:12,497 --> 00:37:13,431
TEDDY'S, A GAS STATION WITH A

1339
00:37:13,498 --> 00:37:14,933
KOALA MASCOT.

1340
00:37:14,999 --> 00:37:16,434
THEY CLAIM TEDDY'S INFRINGES ON

1341
00:37:16,501 --> 00:37:17,936
THEIR TRADEMARK FOR A VARIETY OF

1342
00:37:18,002 --> 00:37:19,437
REASONS, INCLUDING THAT BOTH

1343
00:37:19,504 --> 00:37:20,939
NAMES ARE TWO-SYLLABLE WORDS

1344
00:37:21,005 --> 00:37:22,941
BEGINNING WITH A HARD CONSONANT

1345
00:37:23,007 --> 00:37:24,943
SOUND, HAVE A SECOND HARD

1346
00:37:25,009 --> 00:37:25,944
CONSONANT SOUND SEPARATING THE

1347
00:37:26,010 --> 00:37:26,578
SYLLABLES, AND BOTH END WITH AN

1348
00:37:26,644 --> 00:37:30,949
"EEZ" SOUND.

1349
00:37:31,015 --> 00:37:31,549
THEY ALSO COMPLAIN THAT "BOTH

1350
00:37:31,616 --> 00:37:32,083
CHARACTERS ARE ARBITRARILY

1351
00:37:32,150 --> 00:37:32,951
WEARING HATS."

1352
00:37:33,017 --> 00:37:36,454
AND HONEY, BE SERIOUS.

1353
00:37:36,521 --> 00:37:37,455
YOU CANNOT TRADEMARK ARBITRARILY

1354
00:37:37,522 --> 00:37:39,457
WEARING A HAT, BECAUSE IF YOU

1355
00:37:39,524 --> 00:37:40,091
COULD, PHARRELL WOULD'VE BEATEN

1356
00:37:40,158 --> 00:37:42,961
YOU TO IT.

1357
00:37:43,027 --> 00:37:45,463
AND IF YOU THOUGHT ALL THOSE

1358
00:37:45,530 --> 00:37:46,097
SUITS WERE RIDICULOUS, JUST WAIT

1359
00:37:46,164 --> 00:37:46,965
UNTIL YOU SEE THIS ONE.

1360
00:37:47,031 --> 00:37:49,467
>> JARRAD HEWETT SAYS HIS

1361
00:37:49,534 --> 00:37:50,468
UNDERWEAR LINE IS A HOT

1362
00:37:50,535 --> 00:37:52,470
COMMODITY INSIDE THE MARKET AT

1363
00:37:52,537 --> 00:37:52,971
NORTH PARK MALL.

1364
00:37:53,037 --> 00:37:54,472
>> HIS SMALL BUSINESS IS CALLED

1365
00:37:54,539 --> 00:37:55,974
NUT HUGGERS APPAREL.

1366
00:37:56,040 --> 00:37:57,475
BUT THE PAST FEW WEEKS HAVE NOT

1367
00:37:57,542 --> 00:38:00,979
BEEN FUNNY FOR HEWETT.

1368
00:38:01,045 --> 00:38:01,513
AFTER SINKING HUNDREDS OF

1369
00:38:01,579 --> 00:38:02,480
THOUSANDS OF DOLLARS INTO HIS

1370
00:38:02,547 --> 00:38:03,481
BUSINESS AND FINALLY SEEING IT

1371
00:38:03,548 --> 00:38:06,985
SUCCEED, HE WAS SHOCKED BY AN

1372
00:38:07,051 --> 00:38:07,485
EMAIL FROM BUC-EE'S.

1373
00:38:07,552 --> 00:38:09,988
>> THE INITIAL REQUEST CAME IN A

1374
00:38:10,054 --> 00:38:11,489
LITTLE HOT AND HEAVY.

1375
00:38:11,556 --> 00:38:12,991
THEY SUGGESTED THAT THEY OWNED

1376
00:38:13,057 --> 00:38:15,493
ALL CARTOON RODENTS.

1377
00:38:15,560 --> 00:38:17,495
>> John: OH, COME ON, BUC-EE'S.

1378
00:38:17,562 --> 00:38:18,997
YOU DON'T OWN ALL CARTOON

1379
00:38:19,063 --> 00:38:19,998
RODENTS.

1380
00:38:20,064 --> 00:38:21,499
YOU THINK YOU OWN MICKEY MOUSE,

1381
00:38:21,566 --> 00:38:23,001
MINNIE MOUSE, STUART LITTLE, THE

1382
00:38:23,067 --> 00:38:24,502
BEAVERS FROM ANGRY BEAVERS,

1383
00:38:24,569 --> 00:38:26,004
PINKY AND THE BRAIN, ROCKY,

1384
00:38:26,070 --> 00:38:30,508
CHUCK E CHEESE, RUFUS THE NAKED

1385
00:38:30,575 --> 00:38:31,109
MOLE RAT, TEMPLETON, OR JERRY?

1386
00:38:31,176 --> 00:38:31,676
YOU THINK YOU OWN THESE TWO

1387
00:38:31,743 --> 00:38:34,012
CARTOON RODENTS, FROZEN IN THE

1388
00:38:34,078 --> 00:38:35,013
MIDST OF SEXUAL ECSTASY?

1389
00:38:35,079 --> 00:38:36,014
BECAUSE I'VE GOT NEWS FOR YOU:

1390
00:38:36,080 --> 00:38:36,514
YOU DON'T.

1391
00:38:36,581 --> 00:38:41,519
I DO.

1392
00:38:41,586 --> 00:38:42,020
I OWN THOSE RATS.

1393
00:38:42,086 --> 00:38:42,620
BUT THAT WASN'T ALL -- BECAUSE

1394
00:38:42,687 --> 00:38:43,254
WHEN THEY STARTED GOING BACK AND

1395
00:38:43,321 --> 00:38:44,022
FORTH, BUC-EE'S, HAD A PRETTY

1396
00:38:44,088 --> 00:38:46,024
BROAD RANGE OF DEMANDS.

1397
00:38:46,090 --> 00:38:47,525
>> BUC-EES STATED HEWETT'S LOGO

1398
00:38:47,592 --> 00:38:49,027
WAS A TRADEMARK INFRINGEMENT

1399
00:38:49,093 --> 00:38:52,030
BECAUSE IT USES A "CARTOON BROWN

1400
00:38:52,096 --> 00:38:55,033
RODENT CHARACTER, SMILING WITH

1401
00:38:55,099 --> 00:38:56,534
BUCK TEETH, IN VARIOUS

1402
00:38:56,601 --> 00:38:57,535
DEPICTIONS.

1403
00:38:57,602 --> 00:38:58,536
BUC-EES DEMANDED HEWETT STOP

1404
00:38:58,603 --> 00:39:00,538
USING CARTOONS, RODENTS, THE

1405
00:39:00,605 --> 00:39:04,042
COLORS RED, YELLOW, AND BROWN,

1406
00:39:04,108 --> 00:39:04,576
NO BASEBALL HATS, AND ONLY

1407
00:39:04,642 --> 00:39:06,044
FRONT-FACING IMAGES.

1408
00:39:06,110 --> 00:39:09,547
HEWITT SAYS HE EMAILED BACK

1409
00:39:09,614 --> 00:39:10,081
SAYING HE WOULD STOP USING

1410
00:39:10,148 --> 00:39:10,615
SPECIFIC COLORS AND A SIDE

1411
00:39:10,682 --> 00:39:13,551
PROFILE OF HIS LOGO.

1412
00:39:13,618 --> 00:39:15,553
BUT EVEN THEN IT WAS NOT ENOUGH.

1413
00:39:15,620 --> 00:39:17,055
>> John: THAT'S CLEARLY JUST

1414
00:39:17,121 --> 00:39:18,556
RIDICULOUS.

1415
00:39:18,623 --> 00:39:20,058
FOR ONE THING, IF "FRONT-FACING

1416
00:39:20,124 --> 00:39:21,559
IMAGES" ARE APPARENTLY OKAY, WHY

1417
00:39:21,626 --> 00:39:22,160
THE FUCK DID BUC-EE'S GO AFTER

1418
00:39:22,227 --> 00:39:24,562
THE TEDDY'S KOALA?

1419
00:39:24,629 --> 00:39:26,564
THAT BEAR IS LOOKING YOU RIGHT

1420
00:39:26,631 --> 00:39:28,066
IN THE EYES.

1421
00:39:28,132 --> 00:39:30,068
HE'S PEERING INTO YOUR VERY

1422
00:39:30,134 --> 00:39:32,070
SOUL!

1423
00:39:32,136 --> 00:39:34,072
AND BUC-EE'S CONSTANT COMPLAINT

1424
00:39:34,138 --> 00:39:35,573
THAT NO ONE ELSE HAS THE RIGHT

1425
00:39:35,640 --> 00:39:36,574
TO USE ANIMAL LOGOS ISN'T JUST

1426
00:39:36,641 --> 00:39:38,076
ABSURD ON ITS FACE, IT GETS

1427
00:39:38,142 --> 00:39:40,078
ACTIVELY IRRITATING WHEN YOU SEE

1428
00:39:40,144 --> 00:39:41,579
THIS INTERVIEW WITH THE

1429
00:39:41,646 --> 00:39:43,581
COMPANY'S FOUNDER, ARCH "BEAVER"

1430
00:39:43,648 --> 00:39:45,083
APLIN, IN WHICH HE EXPLAINS BOTH

1431
00:39:45,149 --> 00:39:46,584
HIS NAME AND HIS INSPIRATION FOR

1432
00:39:46,651 --> 00:39:49,087
BUC-EE'S.

1433
00:39:49,153 --> 00:39:50,088
>> BEAVER WAS MY NICKNAME; MY

1434
00:39:50,154 --> 00:39:50,655
MOM NAMED ME THAT WHEN I WAS

1435
00:39:50,722 --> 00:39:52,590
BORN.

1436
00:39:52,657 --> 00:39:59,664
>> BUCKY BEAVER SPACE GUARD!

1437
00:39:59,731 --> 00:40:00,331
♪ BRUSH-A, BRUSH-A, BRUSH-A ♪

1438
00:40:00,398 --> 00:40:00,965
>> THERE WAS A CARTOON CHARACTER

1439
00:40:01,032 --> 00:40:01,599
WAY BACK, REALLY BEFORE MY

1440
00:40:01,666 --> 00:40:04,102
TIME --

1441
00:40:04,168 --> 00:40:05,103
♪ FOR YOUR TEETH! ♪

1442
00:40:05,169 --> 00:40:05,737
>> A TOOTHPASTE COMMERCIAL, AND

1443
00:40:05,803 --> 00:40:06,170
HE WAS BUCKY BEAVER.

1444
00:40:06,237 --> 00:40:06,804
SO, THIS FELLOW ALWAYS CALLED ME

1445
00:40:06,871 --> 00:40:11,109
BUCKY BEAVER GROWING UP.

1446
00:40:11,175 --> 00:40:11,676
>> John: WAIT, WAIT, WAIT.

1447
00:40:11,743 --> 00:40:11,943
HOLD ON.

1448
00:40:12,010 --> 00:40:12,610
SO YOU'RE TELLING ME HE RIPPED

1449
00:40:12,677 --> 00:40:13,244
HIS COMPANY'S WHOLE DEAL FROM A

1450
00:40:13,311 --> 00:40:15,613
TOOTHPASTE RODENT?

1451
00:40:15,680 --> 00:40:16,614
BECAUSE THAT'S THE SAME FUCKING

1452
00:40:16,681 --> 00:40:18,616
BEAVER I'VE BEEN LOOKING AT FOR

1453
00:40:18,683 --> 00:40:20,618
THE PAST 10 MINUTES.

1454
00:40:20,685 --> 00:40:21,619
BUC-EE'S IS TRYING TO SAY AN

1455
00:40:21,686 --> 00:40:22,220
ALLIGATOR LOOKS TOO SIMILAR TO

1456
00:40:22,287 --> 00:40:23,621
ITS BEAVER.

1457
00:40:23,688 --> 00:40:25,623
MEANWHILE THESE TWO LOOK LIKE

1458
00:40:25,690 --> 00:40:29,627
THE FUCKING PROPERTY BROTHERS.

1459
00:40:29,694 --> 00:40:32,130
AND INCREDIBLY, TO DATE,

1460
00:40:32,196 --> 00:40:33,631
BUC-EE'S HAS WON NEARLY ALL OF

1461
00:40:33,698 --> 00:40:34,165
THE CASES IT'S BROUGHT --

1462
00:40:34,232 --> 00:40:36,134
USUALLY BECAUSE OTHER COMPANIES

1463
00:40:36,200 --> 00:40:38,636
OPT TO SETTLE AND REDESIGN THEIR

1464
00:40:38,703 --> 00:40:39,637
LOGOS, OR JUST FOLD COMPLETELY.

1465
00:40:39,704 --> 00:40:42,640
AND THAT'S PROBABLY BECAUSE MOST

1466
00:40:42,707 --> 00:40:43,641
JUST DON'T HAVE THE RESOURCES TO

1467
00:40:43,708 --> 00:40:44,943
FIGHT A COMPANY THIS BIG.

1468
00:40:45,009 --> 00:40:47,145
BUT BUC-EES SHOULD BE CAREFUL,

1469
00:40:47,211 --> 00:40:47,779
BECAUSE AS ONE LEGAL EXPERT HAS

1470
00:40:47,845 --> 00:40:49,647
SAID, "THE MORE YOU DO THIS, THE

1471
00:40:49,714 --> 00:40:52,150
MORE YOU MIGHT RUN INTO SOMEBODY

1472
00:40:52,216 --> 00:40:54,652
WHO HAS THE MEANS OR THE WILL TO

1473
00:40:54,719 --> 00:40:57,655
FIGHT WITH YOU ABOUT IT."

1474
00:40:57,722 --> 00:40:59,157
AND THAT IS WHERE WE COME IN.

1475
00:40:59,223 --> 00:41:05,163
BECAUSE IT TURNS OUT, WE HAVE

1476
00:41:05,229 --> 00:41:05,763
THE WILL AND THE RESOURCES TO

1477
00:41:05,830 --> 00:41:06,397
GET INTO A FIGHT WITH BUC-EE'S.

1478
00:41:06,464 --> 00:41:09,167
WE ALSO HAPPEN TO ALREADY HAVE A

1479
00:41:09,233 --> 00:41:10,168
RODENT MASCOT ON HAND: ONE

1480
00:41:10,234 --> 00:41:10,668
MR. NUTTERBUTTER, WHO'S

1481
00:41:10,735 --> 00:41:13,171
HELPFULLY NO STRANGER TO

1482
00:41:13,237 --> 00:41:13,604
FRIVOLOUS LAWSUITS.

1483
00:41:13,671 --> 00:41:14,038
AND YOU KNOW WHAT?

1484
00:41:14,105 --> 00:41:15,173
WE REALIZED THAT AFTER ALL THIS

1485
00:41:15,239 --> 00:41:16,174
TIME, MR. NUTTERBUTTER DOESN'T

1486
00:41:16,240 --> 00:41:17,175
HAVE HIS OWN LOGO, WHICH DIDN'T

1487
00:41:17,241 --> 00:41:19,177
SEEM RIGHT.

1488
00:41:19,243 --> 00:41:19,677
SO WE MADE ONE FOR HIM.

1489
00:41:19,744 --> 00:41:20,678
AND LET ME WALK YOU THROUGH OUR

1490
00:41:20,745 --> 00:41:22,680
DESIGN PROCESS.

1491
00:41:22,747 --> 00:41:24,682
FIRST, WE CAME UP WITH THIS

1492
00:41:24,749 --> 00:41:25,183
IMAGE THAT DEPICTS

1493
00:41:25,249 --> 00:41:27,685
MR. NUTTERBUTTER AS A CARTOON

1494
00:41:27,752 --> 00:41:30,688
ANIMAL WITH WIDE EYES AND A

1495
00:41:30,755 --> 00:41:31,322
SMILE, FACING RIGHT, A DIRECTION

1496
00:41:31,389 --> 00:41:31,889
THAT JUST SEEMED NATURAL FOR

1497
00:41:31,956 --> 00:41:35,693
HIM.

1498
00:41:35,760 --> 00:41:36,327
BUT IT FELT LIKE IT STILL NEEDED

1499
00:41:36,394 --> 00:41:38,696
A SPLASH OF COLOR.

1500
00:41:38,763 --> 00:41:41,699
SO, WE MADE HIS TONGUE RED, AND

1501
00:41:41,766 --> 00:41:42,700
THEN CHOSE TO ENCOMPASS

1502
00:41:42,767 --> 00:41:43,267
MR. NUTTERBUTTER IN A BLACK

1503
00:41:43,334 --> 00:41:45,203
CIRCLE WITH A YELLOW BACKGROUND.

1504
00:41:45,269 --> 00:41:46,704
AND AT THAT POINT, THE ONLY

1505
00:41:46,771 --> 00:41:48,206
THING IT FELT IT REALLY NEEDED

1506
00:41:48,272 --> 00:41:49,707
WAS SOME TEXT BELOW THE LOGO.

1507
00:41:49,774 --> 00:41:53,211
SO WE DECIDED TO GO WITH THIS.

1508
00:41:53,277 --> 00:41:54,212
WE LIKED THE PHRASE "BUC-OFF"

1509
00:41:54,278 --> 00:41:56,214
MAINLY BECAUSE IT'S A

1510
00:41:56,280 --> 00:41:57,715
TWO-SYLLABLE WORD COMPRISED OF

1511
00:41:57,782 --> 00:41:59,717
SIX LETTERS, BEGINNING WITH A

1512
00:41:59,784 --> 00:42:01,219
HARD CONSONANT SOUND AND A

1513
00:42:01,285 --> 00:42:05,223
SECOND HARD CONSONANT SOUND

1514
00:42:05,289 --> 00:42:06,224
SEPARATING THE SYLLABLES.

1515
00:42:06,290 --> 00:42:06,791
AND FINALLY, WE REALIZED --

1516
00:42:06,858 --> 00:42:07,358
WHAT'S THE POINT OF HAVING A

1517
00:42:07,425 --> 00:42:07,992
LOGO AS EYE-CATCHING AS THIS, IF

1518
00:42:08,059 --> 00:42:08,726
WE DON'T THEN PUT IT ON STUFF TO

1519
00:42:08,793 --> 00:42:09,727
SELL?

1520
00:42:09,794 --> 00:42:11,729
WHICH IS WHY I'M SO HAPPY TO

1521
00:42:11,796 --> 00:42:13,231
ANNOUNCE THAT YOU CAN NOW BUY

1522
00:42:13,297 --> 00:42:15,733
THIS IMAGE ON A VARIETY OF

1523
00:42:15,800 --> 00:42:16,300
PRODUCTS, FROM TUMBLERS, TO

1524
00:42:16,367 --> 00:42:20,238
HATS, TO SHIRTS, TO ONESIES, TO

1525
00:42:20,304 --> 00:42:21,239
MUGS, TO PAJAMAS, TO UMBRELLAS,

1526
00:42:21,305 --> 00:42:22,740
TO STICKERS, TO SOCKS, TO -- OF

1527
00:42:22,807 --> 00:42:25,243
COURSE -- UNDERWEAR.

1528
00:42:25,309 --> 00:42:27,245
YOU CAN BUY ANY OR ALL OF THESE

1529
00:42:27,311 --> 00:42:28,746
ITEMS FOR A LIMITED TIME AT

1530
00:42:28,813 --> 00:42:30,748
Buc-Off.com.

1531
00:42:30,815 --> 00:42:32,250
WITH ALL PROFITS GOING TO HUNGER

1532
00:42:32,316 --> 00:42:32,750
FREE AMERICA.

1533
00:42:32,817 --> 00:42:37,255
SO IF ANY PROMINENT GAS STATION

1534
00:42:37,321 --> 00:42:37,822
CHAIN OUT THERE HAS AN ISSUE

1535
00:42:37,889 --> 00:42:39,257
WITH OUR NEW LOGO AND PRODUCTS,

1536
00:42:39,323 --> 00:42:40,758
AND WANTS TO GET LAWYERS

1537
00:42:40,825 --> 00:42:41,759
INVOLVED, THEN YOU KNOW WHAT?

1538
00:42:41,826 --> 00:42:44,762
BRING IT THE FUCK ON.

1539
00:42:44,829 --> 00:42:45,763
THOUGH, REMEMBER: IN DOING SO,

1540
00:42:45,830 --> 00:42:47,765
YOU'D BE TAKING FOOD DIRECTLY

1541
00:42:47,832 --> 00:42:50,768
OUT OF HUNGRY PEOPLE'S MOUTHS.

1542
00:42:50,835 --> 00:42:52,270
AND IT'S ALSO WORTH KNOWING THAT

1543
00:42:52,336 --> 00:42:53,771
MR. NUTTERBUTTER CURRENTLY HAS A

1544
00:42:53,838 --> 00:42:56,274
PERFECT RECORD IN COURT, AND THE

1545
00:42:56,340 --> 00:42:57,275
LAST GUY WHO SUED US OVER HIM IS

1546
00:42:57,341 --> 00:42:59,277
TECHNICALLY DEAD NOW.

1547
00:42:59,343 --> 00:43:03,781
THAT'S NOT A THREAT -- IT'S JUST

1548
00:43:03,981 --> 00:43:06,284
SO, AT THIS POINT, BUC-EE'S, I

1549
00:43:06,350 --> 00:43:07,285
GUESS THE BEAVER NUGGET IS IN

1550
00:43:07,351 --> 00:43:07,785
YOUR COURT.

1551
00:43:07,852 --> 00:43:09,787
THE NEXT MOVE IS YOURS.

1552
00:43:09,854 --> 00:43:11,789
AND I'M ANXIOUS TO SEE WHAT IT'S

1553
00:43:11,856 --> 00:43:12,290
GOING TO BE!

1554
00:43:12,356 --> 00:43:13,791
AND YOU KNOW WHO ELSE IS LOOKING

1555
00:43:13,858 --> 00:43:14,792
FORWARD TO FINDING OUT?

1556
00:43:14,859 --> 00:43:20,298
THIS GUY, RIGHT HERE!

1557
00:43:20,364 --> 00:43:21,299
>> HI, EVERYONE!

1558
00:43:21,365 --> 00:43:28,372
HI, JOHN!

1559
00:43:28,372 --> 00:43:28,906
>> John: IT'S SO GREAT TO SEE

1560
00:43:28,973 --> 00:43:29,507
YOU, MR. NUTTERBUTTER -- HEY,

1561
00:43:29,574 --> 00:43:30,108
WHY ARE YOU WEARING THAT HAT?

1562
00:43:30,174 --> 00:43:32,310
>> I DON'T KNOW, JOHN!

1563
00:43:32,376 --> 00:43:38,816
IT'S TOTALLY ARBITRARY!

1564
00:43:38,883 --> 00:43:39,417
>> John: YEAH, THAT'S RIGHT --

1565
00:43:39,484 --> 00:43:39,984
YOU'RE ARBITRARILY WEARING A

1566
00:43:40,051 --> 00:43:40,151
HAT!

1567
00:43:40,218 --> 00:43:40,785
AND IF YOU WANT A HAT JUST LIKE

1568
00:43:40,852 --> 00:43:42,820
MR. NUTTERBUTTER'S, ALL YOU HAVE

1569
00:43:42,887 --> 00:43:44,322
TO DO IS GO TO Buc-Off.com!

1570
00:43:44,388 --> 00:43:46,824
REMEMBER: CHRISTMAS IS ONLY FIVE

1571
00:43:46,891 --> 00:43:47,391
MONTHS AWAY, WHY NOT GO BUCK

1572
00:43:47,458 --> 00:43:48,826
WILD?

1573
00:43:48,893 --> 00:43:49,327
THAT'S OUR SHOW.

1574
00:43:49,393 --> 00:43:50,328
THANK YOU SO MUCH FOR WATCHING.

1575
00:43:50,394 --> 00:43:51,329
WE'LL SEE YOU NEXT WEEK.

1576
00:43:51,395 --> 00:43:52,330
GOODNIGHT!

1577
00:43:52,396 --> 00:43:58,836
[CHEERS AND APPLAUSE]

1578
00:43:58,903 --> 00:44:00,505
D, WELCOME HOME

1579
00:44:00,571 --> 00:44:06,344
!

1580
00:44:06,410 --> 00:44:09,380
BUDDY, WELCOME HOME!

1581
00:44:09,447 --> 00:44:11,849
[CHEERS AND APPLAUSE]

1582
00:44:11,916 --> 00:44:12,750
♪ ♪