Jeffrey Epstein SHOCKING INTERVIEW with Steve Bannon RAW & UNCUT [d3QWWHFzfOI].en.vtt

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Before<00:00:00.400><c> we</c><00:00:00.560><c> get</c><00:00:00.640><c> into</c><00:00:00.800><c> the</c><00:00:00.880><c> deep</c><00:00:01.040><c> stuff,</c><00:00:01.360><c> let's</c>

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Before we get into the deep stuff, let's
 

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Before we get into the deep stuff, let's
just<00:00:01.600><c> talk</c><00:00:02.000><c> let's</c><00:00:02.320><c> give</c><00:00:02.560><c> some</c><00:00:02.720><c> basics</c><00:00:03.120><c> or</c><00:00:03.439><c> some</c>

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just talk let's give some basics or some
 

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just talk let's give some basics or some
things<00:00:03.919><c> I</c><00:00:04.160><c> want</c><00:00:04.240><c> to</c><00:00:04.400><c> do</c><00:00:04.640><c> inquiry</c><00:00:05.040><c> from</c><00:00:05.200><c> the</c>

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things I want to do inquiry from the
 

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things I want to do inquiry from the
others.<00:00:06.000><c> Walk</c><00:00:06.319><c> me</c><00:00:06.480><c> through</c><00:00:06.560><c> the</c><00:00:06.720><c> Santa</c><00:00:06.960><c> Fe</c>

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others. Walk me through the Santa Fe
 

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others. Walk me through the Santa Fe
Institute.<00:00:07.680><c> What</c><00:00:07.839><c> What</c><00:00:08.160><c> was</c><00:00:08.320><c> it</c><00:00:08.559><c> about</c>

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Institute. What What was it about
 

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Institute. What What was it about
the<00:00:10.559><c> time</c><00:00:10.880><c> of</c><00:00:11.040><c> the</c><00:00:11.120><c> math?</c><00:00:11.440><c> And</c><00:00:11.599><c> this</c><00:00:11.759><c> was</c><00:00:11.840><c> in</c>

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the time of the math? And this was in
 

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the time of the math? And this was in
the<00:00:13.120><c> late</c><00:00:13.440><c> 90s.</c><00:00:14.000><c> So,</c><00:00:14.240><c> they're</c><00:00:14.400><c> not</c><00:00:14.559><c> going</c><00:00:14.639><c> to</c>

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the late 90s. So, they're not going to
 

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the late 90s. So, they're not going to
hear<00:00:14.880><c> me</c><00:00:15.040><c> on</c><00:00:15.280><c> this</c><00:00:15.440><c> part,</c><00:00:15.759><c> right?</c>

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hear me on this part, right?
 

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hear me on this part, right?
&gt;&gt; We're<00:00:16.560><c> going</c><00:00:16.640><c> to</c><00:00:16.720><c> do</c><00:00:16.800><c> it</c><00:00:16.960><c> both</c><00:00:17.119><c> ways.</c>

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&gt;&gt; We're going to do it both ways.
 

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&gt;&gt; We're going to do it both ways.
&gt;&gt; It<00:00:18.000><c> will</c><00:00:18.160><c> not</c><00:00:18.320><c> be</c><00:00:18.480><c> on</c><00:00:18.640><c> the</c><00:00:18.800><c> video,</c><00:00:19.039><c> but</c><00:00:19.279><c> we</c><00:00:19.439><c> do</c>

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&gt;&gt; It will not be on the video, but we do
 

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&gt;&gt; It will not be on the video, but we do
have<00:00:19.760><c> you</c><00:00:20.000><c> recorded.</c>

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have you recorded.
 

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have you recorded.
&gt;&gt; Fine.<00:00:21.600><c> Remember,</c><00:00:21.840><c> when</c><00:00:22.000><c> you're</c><00:00:22.160><c> answering</c>

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&gt;&gt; Fine. Remember, when you're answering
 

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&gt;&gt; Fine. Remember, when you're answering
the<00:00:22.560><c> qu</c><00:00:22.800><c> on</c><00:00:22.960><c> these</c><00:00:23.199><c> questions,</c><00:00:23.840><c> I'm</c><00:00:24.160><c> not</c><00:00:24.240><c> in</c>

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the qu on these questions, I'm not in
 

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the qu on these questions, I'm not in
the<00:00:24.640><c> shot</c><00:00:25.600><c> and</c><00:00:25.920><c> they're</c><00:00:26.240><c> never</c><00:00:26.400><c> going</c><00:00:26.480><c> to</c><00:00:26.560><c> hear</c>

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the shot and they're never going to hear
 

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the shot and they're never going to hear
my<00:00:26.960><c> voice.</c><00:00:27.359><c> So</c><00:00:27.519><c> a</c><00:00:27.680><c> little</c><00:00:27.760><c> bit</c><00:00:27.920><c> you</c><00:00:28.000><c> got</c><00:00:28.160><c> to</c>

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my voice. So a little bit you got to
 

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my voice. So a little bit you got to
repeat<00:00:28.560><c> the</c><00:00:29.119><c> in</c><00:00:29.439><c> your</c><00:00:29.760><c> answer</c><00:00:30.160><c> you</c><00:00:30.320><c> got</c><00:00:30.400><c> to</c>

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repeat the in your answer you got to
 

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repeat the in your answer you got to
repeat<00:00:30.800><c> what</c><00:00:31.039><c> my</c><00:00:31.279><c> question</c><00:00:31.519><c> was.</c>

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repeat what my question was.
 

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repeat what my question was.
&gt;&gt; Oh<00:00:33.200><c> okay.</c>

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&gt;&gt; Oh okay.
 

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&gt;&gt; Oh okay.
&gt;&gt; Um<00:00:34.480><c> Santa</c><00:00:34.719><c> Fe</c><00:00:35.040><c> Institute</c>

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&gt;&gt; Um Santa Fe Institute
 

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&gt;&gt; Um Santa Fe Institute
&gt;&gt; why<00:00:37.680><c> when</c><00:00:37.840><c> you're</c><00:00:38.000><c> at</c><00:00:38.160><c> the</c><00:00:38.239><c> top</c><00:00:38.399><c> of</c><00:00:38.480><c> your</c><00:00:38.640><c> game</c>

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&gt;&gt; why when you're at the top of your game
 

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&gt;&gt; why when you're at the top of your game
on<00:00:39.040><c> Wall</c><00:00:39.200><c> Street</c><00:00:39.680><c> do</c><00:00:39.840><c> you</c><00:00:40.000><c> decide</c><00:00:40.320><c> to</c><00:00:40.559><c> finance</c>

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on Wall Street do you decide to finance
 

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on Wall Street do you decide to finance
which<00:00:41.360><c> was</c><00:00:41.520><c> at</c><00:00:41.680><c> the</c><00:00:41.840><c> time</c><00:00:42.239><c> or</c><00:00:42.480><c> endow</c><00:00:43.120><c> or</c><00:00:43.360><c> become</c>

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which was at the time or endow or become
 

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which was at the time or endow or become
the<00:00:43.760><c> donor</c><00:00:44.079><c> or</c><00:00:44.239><c> sponsor</c><00:00:44.640><c> however</c><00:00:44.800><c> you</c><00:00:44.960><c> want</c><00:00:45.040><c> to</c>

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the donor or sponsor however you want to
 

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the donor or sponsor however you want to
say<00:00:45.280><c> it</c><00:00:45.920><c> for</c><00:00:46.239><c> what</c><00:00:46.480><c> was</c><00:00:47.840><c> considered</c><00:00:48.719><c> the</c><00:00:49.039><c> most</c>

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say it for what was considered the most
 

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say it for what was considered the most
cutting<00:00:49.600><c> edge</c><00:00:50.480><c> group</c><00:00:50.719><c> of</c><00:00:50.879><c> mathematicians</c><00:00:51.600><c> in</c>

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cutting edge group of mathematicians in
 

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cutting edge group of mathematicians in
the<00:00:51.920><c> world</c><00:00:52.879><c> action.</c><00:00:53.920><c> So</c><00:00:54.399><c> s</c><00:00:54.879><c> Santa</c><00:00:55.120><c> Fe</c>

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the world action. So s Santa Fe
 

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the world action. So s Santa Fe
Institute<00:00:55.920><c> in</c><00:00:56.160><c> the</c><00:00:56.480><c> late</c><00:00:56.800><c> 80s</c><00:00:57.280><c> early</c><00:00:57.600><c> 90s.</c><00:00:58.320><c> I</c>

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Institute in the late 80s early 90s. I
 

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Institute in the late 80s early 90s. I
was<00:00:58.719><c> interested</c><00:00:58.960><c> as</c><00:00:59.120><c> I</c><00:00:59.280><c> was</c><00:00:59.359><c> on</c><00:00:59.520><c> the</c><00:00:59.600><c> board</c><00:00:59.680><c> of</c>

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was interested as I was on the board of
 

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was interested as I was on the board of
Rockefeller.<00:01:01.199><c> So</c><00:01:01.359><c> that</c><00:01:01.600><c> starts</c><00:01:02.079><c> Rockefeller</c>

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Rockefeller. So that starts Rockefeller
 

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Rockefeller. So that starts Rockefeller
University

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University
 

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University
formed<00:01:05.199><c> by</c><00:01:05.600><c> John</c><00:01:05.920><c> D.</c><00:01:06.159><c> Rockefeller</c><00:01:06.799><c> to</c><00:01:06.960><c> sort</c><00:01:07.119><c> of</c>

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formed by John D. Rockefeller to sort of
 

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formed by John D. Rockefeller to sort of
give<00:01:07.520><c> back</c><00:01:07.680><c> to</c><00:01:07.920><c> the</c><00:01:08.080><c> community.</c><00:01:08.880><c> It's</c><00:01:09.280><c> east</c>

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give back to the community. It's east
 

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give back to the community. It's east
side<00:01:09.760><c> of</c><00:01:09.920><c> Manhattan</c><00:01:11.119><c> except</c><00:01:11.840><c> it</c><00:01:12.159><c> was</c><00:01:12.320><c> old.</c><00:01:12.640><c> It</c>

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side of Manhattan except it was old. It
 

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side of Manhattan except it was old. It
was<00:01:13.040><c> sort</c><00:01:13.280><c> of</c><00:01:13.600><c> old-fashioned.</c><00:01:14.640><c> They</c><00:01:14.880><c> were</c>

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was sort of old-fashioned. They were
 

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was sort of old-fashioned. They were
talking<00:01:15.280><c> about</c><00:01:16.000><c> medicine</c><00:01:16.960><c> and</c><00:01:17.439><c> medicine</c><00:01:18.000><c> by</c>

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talking about medicine and medicine by
 

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talking about medicine and medicine by
itself<00:01:18.640><c> was</c><00:01:18.960><c> again</c><00:01:19.439><c> subject</c><00:01:19.759><c> to</c><00:01:20.000><c> the</c><00:01:20.159><c> ideas</c><00:01:20.479><c> of</c>

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itself was again subject to the ideas of
 

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itself was again subject to the ideas of
science.<00:01:21.439><c> They</c><00:01:21.680><c> were</c><00:01:21.840><c> trying</c><00:01:22.000><c> to</c><00:01:22.159><c> find</c><00:01:22.479><c> use</c>

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science. They were trying to find use
 

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science. They were trying to find use
science<00:01:23.600><c> to</c><00:01:23.920><c> find</c><00:01:24.320><c> cures</c><00:01:24.799><c> for</c><00:01:25.040><c> disease</c>

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science to find cures for disease
 

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science to find cures for disease
and<00:01:26.960><c> I</c><00:01:27.119><c> said</c><00:01:27.520><c> no</c><00:01:27.840><c> we</c><00:01:28.080><c> need</c><00:01:28.240><c> to</c><00:01:28.400><c> do</c><00:01:28.560><c> something</c>

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and I said no we need to do something
 

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and I said no we need to do something
different<00:01:29.759><c> we</c><00:01:30.000><c> need</c><00:01:30.640><c> to</c><00:01:30.880><c> start</c>

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different we need to start
 

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different we need to start
interdisciplinary<00:01:32.799><c> work</c><00:01:33.759><c> in</c><00:01:34.000><c> most</c>

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interdisciplinary work in most
 

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interdisciplinary work in most
&gt;&gt; how<00:01:34.880><c> did</c><00:01:34.960><c> a</c><00:01:35.040><c> schmuck</c><00:01:35.439><c> like</c><00:01:35.600><c> you</c><00:01:36.400><c> get</c><00:01:36.560><c> on</c><00:01:36.720><c> the</c>

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&gt;&gt; how did a schmuck like you get on the
 

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&gt;&gt; how did a schmuck like you get on the
board<00:01:36.960><c> of</c><00:01:37.119><c> Rockefeller</c><00:01:37.680><c> what</c><00:01:37.840><c> year</c><00:01:38.000><c> was</c><00:01:38.159><c> that</c>

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board of Rockefeller what year was that
 

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board of Rockefeller what year was that
&gt;&gt; I<00:01:39.119><c> don't</c><00:01:39.280><c> remember</c><00:01:39.759><c> late</c><00:01:40.159><c> I</c><00:01:40.320><c> think</c><00:01:40.560><c> '</c><00:01:40.560><c> 89</c><00:01:40.960><c> or</c><00:01:41.200><c> 91</c>

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&gt;&gt; I don't remember late I think ' 89 or 91
 

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&gt;&gt; I don't remember late I think ' 89 or 91
&gt;&gt; so<00:01:41.680><c> that's</c><00:01:42.000><c> one</c><00:01:42.159><c> of</c><00:01:42.159><c> the</c><00:01:42.320><c> most</c><00:01:42.479><c> prestigious</c>

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&gt;&gt; so that's one of the most prestigious
 

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&gt;&gt; so that's one of the most prestigious
research<00:01:44.000><c> places</c><00:01:44.240><c> in</c><00:01:44.479><c> the</c><00:01:44.560><c> world</c><00:01:44.880><c> correct</c>

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research places in the world correct
 

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research places in the world correct
&gt;&gt; yes

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&gt;&gt; yes
 

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&gt;&gt; yes
&gt;&gt; okay<00:01:46.240><c> how</c><00:01:46.479><c> did</c><00:01:46.560><c> a</c><00:01:46.720><c> guy</c><00:01:46.880><c> like</c><00:01:47.040><c> you</c><00:01:47.280><c> get</c><00:01:47.439><c> on</c><00:01:47.600><c> the</c>

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&gt;&gt; okay how did a guy like you get on the
 

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&gt;&gt; okay how did a guy like you get on the
board<00:01:47.920><c> of</c><00:01:48.240><c> rock</c><00:01:48.720><c> a</c><00:01:48.960><c> blueblood</c>

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board of rock a blueblood
 

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board of rock a blueblood
internationally<00:01:50.799><c> known</c><00:01:50.880><c> known</c>

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internationally known known
 

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internationally known known
internationally<00:01:52.320><c> known</c><00:01:53.280><c> uh</c><00:01:53.600><c> hard</c><00:01:54.000><c> research</c>

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internationally known uh hard research
 

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internationally known uh hard research
Nobel<00:01:55.439><c> Prize</c><00:01:55.759><c> winners</c><00:01:56.079><c> all</c><00:01:56.240><c> over</c><00:01:56.399><c> the</c><00:01:56.560><c> place.</c>

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Nobel Prize winners all over the place.
 

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Nobel Prize winners all over the place.
How<00:01:57.280><c> do</c><00:01:57.439><c> they</c><00:01:57.600><c> pick</c><00:01:58.719><c> a</c><00:01:59.119><c> a</c><00:01:59.360><c> guy</c><00:01:59.520><c> like</c><00:01:59.680><c> you,</c><00:02:00.000><c> a</c>

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How do they pick a a guy like you, a
 

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How do they pick a a guy like you, a
trader<00:02:00.560><c> from</c><00:02:00.880><c> or</c><00:02:01.439><c> basically</c><00:02:01.759><c> some</c><00:02:02.000><c> guy</c><00:02:02.159><c> from</c>

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trader from or basically some guy from
 

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trader from or basically some guy from
Bear<00:02:02.640><c> Sterns?</c>

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Bear Sterns?
 

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Bear Sterns?
Good<00:02:04.640><c> question.</c><00:02:04.960><c> So,</c><00:02:05.680><c> I</c><00:02:05.920><c> was</c><00:02:06.159><c> asked</c><00:02:06.399><c> to</c><00:02:06.640><c> be</c><00:02:06.799><c> on</c>

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Good question. So, I was asked to be on
 

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Good question. So, I was asked to be on
the<00:02:07.119><c> board</c><00:02:07.280><c> of</c><00:02:07.439><c> Rockefeller</c><00:02:08.239><c> and</c><00:02:08.479><c> I</c><00:02:08.640><c> think</c><00:02:08.720><c> it</c>

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the board of Rockefeller and I think it
 

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the board of Rockefeller and I think it
was<00:02:09.200><c> I</c><00:02:09.360><c> was</c><00:02:09.520><c> on</c><00:02:09.599><c> the</c><00:02:09.679><c> board</c><00:02:09.840><c> of</c><00:02:09.920><c> Rockefeller.</c>

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was I was on the board of Rockefeller.
 

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was I was on the board of Rockefeller.
uh<00:02:11.200><c> there</c><00:02:11.360><c> was</c><00:02:11.520><c> a</c><00:02:11.680><c> money</c><00:02:12.000><c> manager</c><00:02:12.959><c> who</c><00:02:13.280><c> said</c>

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uh there was a money manager who said
 

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uh there was a money manager who said
Rockefeller<00:02:14.560><c> needs</c><00:02:14.879><c> someone</c><00:02:15.680><c> with</c><00:02:16.000><c> financial</c>

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Rockefeller needs someone with financial
 

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Rockefeller needs someone with financial
expertise<00:02:17.680><c> because</c><00:02:18.000><c> the</c><00:02:18.319><c> university</c><00:02:18.800><c> is</c>

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expertise because the university is
 

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expertise because the university is
growing<00:02:20.000><c> and</c><00:02:20.319><c> there's</c><00:02:20.720><c> lots</c><00:02:20.959><c> of</c><00:02:21.120><c> new</c><00:02:21.360><c> things.</c>

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growing and there's lots of new things.
 

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growing and there's lots of new things.
You<00:02:22.000><c> have</c><00:02:22.080><c> to</c><00:02:22.319><c> again</c><00:02:22.800><c> we</c><00:02:23.040><c> go</c><00:02:23.200><c> back</c><00:02:23.360><c> to</c><00:02:23.520><c> the</c><00:02:23.760><c> the</c>

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You have to again we go back to the the
 

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You have to again we go back to the the
original<00:02:24.480><c> discussion</c><00:02:24.879><c> the</c><00:02:25.120><c> last</c><00:02:25.280><c> time</c><00:02:26.319><c> in</c><00:02:26.560><c> the</c>

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original discussion the last time in the
 

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original discussion the last time in the
up<00:02:26.879><c> until</c><00:02:27.120><c> the</c><00:02:27.360><c> mid</c><00:02:27.680><c> 80s</c><00:02:28.000><c> or</c><00:02:28.239><c> sort</c><00:02:28.400><c> of</c><00:02:28.560><c> early</c><00:02:29.360><c> se</c>

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up until the mid 80s or sort of early se
 

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up until the mid 80s or sort of early se
mid70s<00:02:30.800><c> the</c><00:02:31.040><c> most</c><00:02:31.200><c> important</c><00:02:31.599><c> thing</c><00:02:31.760><c> was</c><00:02:32.080><c> your</c>

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mid70s the most important thing was your
 

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mid70s the most important thing was your
name.<00:02:32.800><c> If</c><00:02:32.959><c> you</c><00:02:33.120><c> were</c><00:02:33.280><c> Rockefeller</c><00:02:33.840><c> you</c>

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name. If you were Rockefeller you
 

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name. If you were Rockefeller you
already<00:02:34.239><c> were</c><00:02:34.400><c> considered</c><00:02:34.720><c> to</c><00:02:34.879><c> be</c><00:02:35.040><c> brilliant.</c>

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already were considered to be brilliant.
 

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already were considered to be brilliant.
If<00:02:36.080><c> you</c><00:02:36.239><c> were</c><00:02:36.640><c> head</c><00:02:36.879><c> of</c><00:02:36.959><c> General</c><00:02:37.360><c> Motors</c><00:02:37.920><c> it</c>

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If you were head of General Motors it
 

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If you were head of General Motors it
was<00:02:38.319><c> your</c><00:02:38.560><c> reputation.</c><00:02:39.200><c> It</c><00:02:39.360><c> was</c><00:02:39.519><c> who</c><00:02:39.680><c> you</c>

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was your reputation. It was who you
 

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was your reputation. It was who you
knew,<00:02:40.959><c> who</c><00:02:41.200><c> your</c><00:02:41.440><c> family</c><00:02:41.680><c> was,</c><00:02:42.080><c> what</c><00:02:42.319><c> was</c><00:02:42.400><c> your</c>

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knew, who your family was, what was your
 

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knew, who your family was, what was your
character.<00:02:45.120><c> And</c><00:02:45.280><c> then</c><00:02:45.440><c> in</c><00:02:45.680><c> the</c><00:02:45.760><c> mid70s,</c>

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character. And then in the mid70s,
 

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character. And then in the mid70s,
basically,<00:02:47.280><c> if</c><00:02:47.519><c> you</c><00:02:47.680><c> remember,</c><00:02:48.239><c> you</c><00:02:48.560><c> probably</c>

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basically, if you remember, you probably
 

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basically, if you remember, you probably
had<00:02:49.599><c> a</c><00:02:50.160><c> calculator.</c><00:02:51.120><c> It</c><00:02:51.360><c> was</c><00:02:51.519><c> very</c><00:02:51.760><c> advanced</c>

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had a calculator. It was very advanced
 

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had a calculator. It was very advanced
in<00:02:52.319><c> those</c><00:02:52.480><c> days</c><00:02:52.640><c> to</c><00:02:52.800><c> have</c><00:02:52.879><c> a</c><00:02:53.040><c> Texas</c><00:02:53.360><c> Instrument</c>

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in those days to have a Texas Instrument
 

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in those days to have a Texas Instrument
calculator<00:02:54.560><c> where</c><00:02:55.200><c> it</c><00:02:55.440><c> could</c><00:02:55.680><c> by</c><00:02:55.920><c> putting</c><00:02:56.160><c> in</c>

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calculator where it could by putting in
 

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calculator where it could by putting in
the<00:02:56.959><c> numbers,</c><00:02:57.440><c> it</c><00:02:57.599><c> would</c><00:02:57.840><c> multiply</c><00:02:58.239><c> for</c><00:02:58.400><c> you</c>

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the numbers, it would multiply for you
 

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the numbers, it would multiply for you
to<00:02:58.800><c> do</c><00:02:59.040><c> square</c><00:02:59.360><c> roots.</c><00:03:00.000><c> And</c><00:03:00.160><c> that</c><00:03:00.400><c> was</c><00:03:00.480><c> the</c>

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to do square roots. And that was the
 

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to do square roots. And that was the
first<00:03:00.879><c> and</c><00:03:01.040><c> everyone</c><00:03:01.280><c> who</c><00:03:01.440><c> had</c><00:03:01.599><c> a</c><00:03:01.760><c> calculator</c>

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first and everyone who had a calculator
 

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first and everyone who had a calculator
was<00:03:02.400><c> already</c><00:03:02.720><c> advanced</c><00:03:03.599><c> on</c><00:03:03.920><c> Wall</c><00:03:04.159><c> Street.</c><00:03:05.200><c> a</c>

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was already advanced on Wall Street. a
 

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was already advanced on Wall Street. a
simple<00:03:05.920><c> calc</c><00:03:06.319><c> almost</c><00:03:06.560><c> like</c><00:03:06.640><c> your</c><00:03:06.879><c> accountant.</c>

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simple calc almost like your accountant.
 

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simple calc almost like your accountant.
The<00:03:09.840><c> most</c><00:03:10.080><c> important</c><00:03:10.480><c> parts</c><00:03:10.720><c> of</c><00:03:11.040><c> business</c>

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The most important parts of business
 

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The most important parts of business
were<00:03:12.080><c> really</c><00:03:12.400><c> now</c><00:03:13.120><c> going</c><00:03:13.440><c> to</c><00:03:13.840><c> calculations.</c>

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were really now going to calculations.
 

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were really now going to calculations.
So<00:03:15.440><c> it's</c><00:03:15.920><c> not</c><00:03:16.159><c> only</c><00:03:16.400><c> mathematics</c><00:03:16.959><c> but</c><00:03:17.280><c> things</c>

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So it's not only mathematics but things
 

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So it's not only mathematics but things
that<00:03:17.680><c> could</c><00:03:17.920><c> be</c><00:03:18.159><c> calculated.</c>

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that could be calculated.
 

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that could be calculated.
Reputation<00:03:20.800><c> couldn't</c><00:03:21.200><c> be</c><00:03:21.360><c> calculated.</c><00:03:21.840><c> I</c>

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Reputation couldn't be calculated. I
 

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Reputation couldn't be calculated. I
could<00:03:22.159><c> give</c><00:03:22.319><c> you</c><00:03:22.800><c> are</c><00:03:22.959><c> you</c><00:03:23.040><c> a</c><00:03:23.280><c> 10</c><00:03:23.440><c> on</c><00:03:23.599><c> a</c>

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could give you are you a 10 on a
 

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could give you are you a 10 on a
reputation<00:03:24.239><c> scale,</c><00:03:24.560><c> an</c><00:03:24.800><c> eight?</c><00:03:25.200><c> What</c><00:03:25.360><c> does</c><00:03:25.519><c> it</c>

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reputation scale, an eight? What does it
 

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reputation scale, an eight? What does it
mean<00:03:25.760><c> to</c><00:03:26.000><c> have</c><00:03:26.080><c> a</c><00:03:26.319><c> measurement</c><00:03:26.720><c> of</c><00:03:26.879><c> your</c>

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mean to have a measurement of your
 

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mean to have a measurement of your
reputation?

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reputation?
 

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reputation?
We'll<00:03:28.959><c> get</c><00:03:29.040><c> to</c><00:03:29.200><c> that</c><00:03:29.440><c> later.</c><00:03:30.480><c> But</c><00:03:30.879><c> people</c>

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We'll get to that later. But people
 

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We'll get to that later. But people
places<00:03:31.760><c> like</c><00:03:32.000><c> Rockefeller</c><00:03:32.720><c> needed</c><00:03:33.040><c> someone</c>

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places like Rockefeller needed someone
 

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places like Rockefeller needed someone
to<00:03:33.519><c> say</c><00:03:33.840><c> look</c><00:03:34.080><c> we</c><00:03:34.319><c> are</c><00:03:34.560><c> entering</c><00:03:34.959><c> a</c><00:03:35.200><c> different</c>

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to say look we are entering a different
 

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to say look we are entering a different
world<00:03:35.599><c> where</c><00:03:35.840><c> numbers</c><00:03:36.560><c> and</c><00:03:36.799><c> the</c><00:03:37.040><c> numbers</c><00:03:37.360><c> of</c>

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world where numbers and the numbers of
 

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world where numbers and the numbers of
companies<00:03:38.640><c> portfolio</c><00:03:39.280><c> management</c><00:03:39.760><c> was</c><00:03:40.000><c> going</c>

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companies portfolio management was going
 

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companies portfolio management was going
to<00:03:40.239><c> be</c><00:03:41.040><c> balanced.</c><00:03:41.599><c> It</c><00:03:41.760><c> was</c><00:03:41.840><c> going</c><00:03:41.920><c> to</c><00:03:42.000><c> be</c>

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to be balanced. It was going to be
 

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to be balanced. It was going to be
statistical.<00:03:43.200><c> Jeffrey</c><00:03:43.760><c> could</c><00:03:43.920><c> you</c><00:03:44.080><c> come</c><00:03:44.159><c> on</c>

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statistical. Jeffrey could you come on
 

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statistical. Jeffrey could you come on
the<00:03:44.480><c> board</c>

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the board
 

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the board
potentially<00:03:46.799><c> sit</c><00:03:46.959><c> on</c><00:03:47.120><c> the</c><00:03:47.200><c> finance</c><00:03:47.599><c> committee</c>

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potentially sit on the finance committee
 

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potentially sit on the finance committee
nancy<00:03:49.519><c> Kissinger</c><00:03:50.000><c> and</c><00:03:50.080><c> a</c><00:03:50.239><c> bunch</c><00:03:50.400><c> of</c><00:03:50.560><c> other</c>

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nancy Kissinger and a bunch of other
 

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nancy Kissinger and a bunch of other
people.<00:03:51.760><c> And</c><00:03:52.000><c> David</c><00:03:52.480><c> Rockefeller</c><00:03:53.360><c> and</c><00:03:53.599><c> I</c><00:03:53.840><c> got</c>

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people. And David Rockefeller and I got
 

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people. And David Rockefeller and I got
along<00:03:54.319><c> very</c><00:03:54.640><c> well.</c><00:03:55.680><c> He</c><00:03:55.920><c> was</c><00:03:56.080><c> just</c><00:03:56.400><c> he</c><00:03:56.640><c> was</c><00:03:56.799><c> this</c>

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along very well. He was just he was this
 

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along very well. He was just he was this
unbelievable<00:03:58.159><c> human</c><00:03:58.480><c> being.</c>

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unbelievable human being.
 

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unbelievable human being.
respectful<00:04:01.280><c> to</c><00:04:01.599><c> everyone.</c><00:04:02.319><c> He</c><00:04:02.799><c> introduced</c>

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respectful to everyone. He introduced
 

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respectful to everyone. He introduced
his<00:04:03.599><c> driver</c><00:04:04.560><c> as</c><00:04:04.879><c> his</c><00:04:05.120><c> colleague,</c><00:04:05.840><c> not</c><00:04:06.080><c> his</c>

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his driver as his colleague, not his
 

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his driver as his colleague, not his
driver.<00:04:06.640><c> He</c><00:04:06.720><c> would</c><00:04:06.879><c> never</c><00:04:07.040><c> say,</c><00:04:07.120><c> "This</c><00:04:07.360><c> is</c><00:04:07.439><c> my</c>

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driver. He would never say, "This is my
 

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driver. He would never say, "This is my
driver."<00:04:07.920><c> He</c><00:04:08.080><c> said,</c><00:04:08.159><c> "It's</c><00:04:08.480><c> my</c><00:04:08.640><c> colleague."</c>

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driver." He said, "It's my colleague."
 

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driver." He said, "It's my colleague."
And<00:04:10.159><c> David</c><00:04:10.560><c> started</c><00:04:10.879><c> to</c><00:04:11.120><c> explain</c><00:04:11.439><c> to</c><00:04:11.599><c> me</c>

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And David started to explain to me
 

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And David started to explain to me
world<00:04:13.599><c> politics.</c>

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world politics.
 

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world politics.
So<00:04:15.760><c> David</c><00:04:16.160><c> would</c><00:04:16.400><c> say,</c><00:04:17.280><c> Jeffrey,</c><00:04:18.479><c> money</c><00:04:18.799><c> is</c>

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So David would say, Jeffrey, money is
 

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So David would say, Jeffrey, money is
going<00:04:19.120><c> to</c><00:04:19.280><c> be</c><00:04:19.440><c> sort</c><00:04:19.600><c> of</c><00:04:19.680><c> the</c><00:04:20.079><c> most</c><00:04:20.400><c> important</c>

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going to be sort of the most important
 

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going to be sort of the most important
things.<00:04:21.040><c> People</c><00:04:21.199><c> don't</c><00:04:21.440><c> understand</c><00:04:21.759><c> money.</c>

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things. People don't understand money.
 

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things. People don't understand money.
You<00:04:22.240><c> seem</c><00:04:22.400><c> to</c><00:04:22.560><c> have</c><00:04:22.639><c> this</c><00:04:22.800><c> knack</c><00:04:23.759><c> for</c><00:04:24.000><c> money.</c><00:04:25.280><c> I</c>

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You seem to have this knack for money. I
 

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You seem to have this knack for money. I
said<00:04:25.680><c> to</c><00:04:25.919><c> David,</c><00:04:26.479><c> tell</c><00:04:26.720><c> me</c><00:04:26.880><c> about</c><00:04:27.040><c> your</c><00:04:27.199><c> life.</c>

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said to David, tell me about your life.
 

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said to David, tell me about your life.
what<00:04:27.680><c> was</c><00:04:27.840><c> the</c><00:04:28.000><c> worst</c><00:04:28.320><c> and</c><00:04:28.479><c> the</c><00:04:28.639><c> best</c><00:04:28.800><c> part</c><00:04:28.960><c> of</c>

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what was the worst and the best part of
 

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what was the worst and the best part of
your<00:04:29.360><c> life?</c>

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your life?
 

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your life?
So<00:04:31.440><c> David</c><00:04:31.840><c> said,</c><00:04:32.400><c> "When</c><00:04:32.800><c> I</c><00:04:32.960><c> grew</c><00:04:33.199><c> up,</c><00:04:34.639><c> everyone</c>

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So David said, "When I grew up, everyone
 

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So David said, "When I grew up, everyone
knew<00:04:35.199><c> I</c><00:04:35.360><c> was</c><00:04:35.440><c> a</c><00:04:35.600><c> Rockefeller."</c>

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knew I was a Rockefeller."
 

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knew I was a Rockefeller."
They<00:04:37.360><c> didn't</c><00:04:37.520><c> know</c><00:04:37.680><c> that</c><00:04:37.919><c> my</c><00:04:38.160><c> father</c><00:04:38.560><c> told</c><00:04:38.720><c> me</c>

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They didn't know that my father told me
 

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They didn't know that my father told me
he<00:04:39.120><c> would</c><00:04:39.280><c> not</c><00:04:39.440><c> leave</c><00:04:39.680><c> me</c><00:04:39.840><c> a</c><00:04:40.000><c> dime,</c>

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he would not leave me a dime,
 

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he would not leave me a dime,
no<00:04:42.000><c> money.</c><00:04:42.720><c> But</c><00:04:42.880><c> every</c><00:04:43.120><c> time</c><00:04:43.199><c> we</c><00:04:43.440><c> went</c><00:04:43.600><c> out</c><00:04:43.759><c> to</c>

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no money. But every time we went out to
 

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no money. But every time we went out to
eat,<00:04:44.639><c> me</c><00:04:44.800><c> and</c><00:04:45.040><c> my</c><00:04:45.199><c> five</c><00:04:45.360><c> friends</c><00:04:45.600><c> at</c><00:04:45.840><c> school,</c>

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eat, me and my five friends at school,
 

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eat, me and my five friends at school,
they<00:04:46.320><c> would</c><00:04:46.479><c> leave</c><00:04:46.639><c> me</c><00:04:46.800><c> the</c><00:04:47.040><c> bill.</c><00:04:47.360><c> They</c><00:04:47.520><c> would</c>

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they would leave me the bill. They would
 

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they would leave me the bill. They would
expect<00:04:48.160><c> me</c><00:04:48.320><c> to</c><00:04:48.479><c> pick</c><00:04:48.639><c> up</c><00:04:48.720><c> the</c><00:04:48.960><c> check</c><00:04:49.840><c> because</c><00:04:50.080><c> I</c>

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expect me to pick up the check because I
 

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expect me to pick up the check because I
was<00:04:50.400><c> at</c><00:04:50.479><c> Rockefeller.</c><00:04:51.919><c> And</c><00:04:52.080><c> he</c><00:04:52.240><c> said,</c><00:04:52.320><c> "I</c><00:04:52.560><c> was</c>

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was at Rockefeller. And he said, "I was
 

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was at Rockefeller. And he said, "I was
chairman<00:04:52.960><c> of</c><00:04:53.120><c> Chase</c><00:04:53.440><c> Bank."</c><00:04:54.720><c> And</c><00:04:54.880><c> he</c><00:04:55.040><c> said,</c><00:04:55.199><c> 'I</c>

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chairman of Chase Bank." And he said, 'I
 

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chairman of Chase Bank." And he said, 'I
remember<00:04:55.759><c> like</c><00:04:56.000><c> it</c><00:04:56.160><c> was</c><00:04:56.320><c> yesterday,</c><00:04:57.199><c> one</c><00:04:57.440><c> of</c>

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remember like it was yesterday, one of
 

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remember like it was yesterday, one of
the<00:04:57.600><c> headlines</c><00:04:58.000><c> in</c><00:04:58.160><c> Time</c><00:04:58.479><c> magazine</c><00:04:59.040><c> said,</c>

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the headlines in Time magazine said,
 

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the headlines in Time magazine said,
David,<00:05:00.320><c> please</c><00:05:00.800><c> fire</c><00:05:01.199><c> yourself.</c>

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David, please fire yourself.
 

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David, please fire yourself.
So<00:05:04.639><c> he</c><00:05:05.040><c> thought</c><00:05:05.280><c> that</c><00:05:05.759><c> there</c><00:05:06.000><c> was</c><00:05:06.240><c> a</c><00:05:06.479><c> a</c><00:05:06.800><c> world</c>

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So he thought that there was a a world
 

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So he thought that there was a a world
that<00:05:07.919><c> existed</c>

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that existed
 

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that existed
in<00:05:09.919><c> that</c><00:05:10.080><c> would</c><00:05:10.320><c> be</c><00:05:10.479><c> a</c><00:05:10.639><c> combination</c><00:05:11.039><c> of</c><00:05:11.280><c> both</c>

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in that would be a combination of both
 

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in that would be a combination of both
politics<00:05:13.039><c> and</c><00:05:13.440><c> business</c>

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politics and business
 

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politics and business
and<00:05:15.520><c> leadership.</c><00:05:16.639><c> What</c><00:05:16.800><c> do</c><00:05:16.960><c> I</c><00:05:17.199><c> mean?</c><00:05:18.160><c> He</c>

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and leadership. What do I mean? He
 

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and leadership. What do I mean? He
formed<00:05:18.800><c> something</c><00:05:19.039><c> called</c><00:05:19.280><c> the</c><00:05:19.520><c> trilateral</c>

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formed something called the trilateral
 

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formed something called the trilateral
commission.

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commission.
 

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commission.
The<00:05:22.479><c> trilateral</c><00:05:23.120><c> commission</c><00:05:23.680><c> is</c><00:05:23.919><c> some</c><00:05:24.160><c> spooky</c>

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The trilateral commission is some spooky
 

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The trilateral commission is some spooky
stuff.<00:05:24.960><c> People</c><00:05:25.199><c> said</c><00:05:25.360><c> it</c><00:05:25.600><c> was</c><00:05:25.680><c> something</c><00:05:26.080><c> the</c>

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stuff. People said it was something the
 

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stuff. People said it was something the
people<00:05:26.960><c> that</c><00:05:27.280><c> the</c><00:05:27.440><c> Illuminati</c><00:05:28.160><c> there</c><00:05:28.560><c> some</c>

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people that the Illuminati there some
 

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people that the Illuminati there some
mystery<00:05:29.680><c> about</c><00:05:29.919><c> it.</c><00:05:30.320><c> People</c><00:05:30.560><c> that</c><00:05:30.800><c> ran</c><00:05:31.120><c> the</c>

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mystery about it. People that ran the
 

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mystery about it. People that ran the
world.<00:05:32.800><c> It</c><00:05:33.039><c> was</c><00:05:33.840><c> politicians.</c><00:05:34.800><c> But</c><00:05:35.039><c> David</c>

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world. It was politicians. But David
 

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world. It was politicians. But David
said<00:05:36.720><c> most</c><00:05:37.039><c> countries</c><00:05:38.240><c> the</c><00:05:38.479><c> politicians</c><00:05:39.039><c> get</c>

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said most countries the politicians get
 

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said most countries the politicians get
elected<00:05:39.520><c> for</c><00:05:39.759><c> four</c><00:05:40.000><c> years</c><00:05:40.240><c> or</c><00:05:40.639><c> eight</c><00:05:40.880><c> years</c>

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elected for four years or eight years
 

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elected for four years or eight years
separate<00:05:42.479><c> from</c><00:05:42.639><c> the</c><00:05:42.800><c> royal</c><00:05:43.199><c> families</c><00:05:43.600><c> in</c>

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separate from the royal families in
 

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separate from the royal families in
England<00:05:44.400><c> or</c><00:05:44.720><c> in</c><00:05:44.880><c> the</c><00:05:45.039><c> Middle</c><00:05:45.199><c> East.</c><00:05:46.320><c> Someone's</c>

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England or in the Middle East. Someone's
 

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England or in the Middle East. Someone's
there<00:05:46.880><c> for</c><00:05:47.039><c> four</c><00:05:47.199><c> years</c><00:05:47.360><c> and</c><00:05:47.520><c> then</c><00:05:47.680><c> they're</c>

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there for four years and then they're
 

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there for four years and then they're
not<00:05:48.080><c> there</c><00:05:48.240><c> anymore.</c><00:05:48.800><c> the</c><00:05:49.120><c> most</c><00:05:49.360><c> important</c>

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not there anymore. the most important
 

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not there anymore. the most important
people<00:05:51.039><c> to</c><00:05:51.440><c> have</c><00:05:51.759><c> stability</c><00:05:52.400><c> and</c><00:05:52.800><c> consistency</c>

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people to have stability and consistency
 

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people to have stability and consistency
would<00:05:53.840><c> be</c><00:05:54.000><c> businessmen.</c><00:05:55.039><c> So</c><00:05:55.280><c> he</c><00:05:55.520><c> formed</c><00:05:55.840><c> this</c>

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would be businessmen. So he formed this
 

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would be businessmen. So he formed this
trilateral<00:05:56.800><c> commission</c><00:05:57.840><c> of</c><00:05:58.160><c> businessmen</c>

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trilateral commission of businessmen
 

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trilateral commission of businessmen
and<00:06:00.560><c> politicians</c><00:06:01.280><c> from</c><00:06:01.600><c> three</c><00:06:01.919><c> major</c>

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and politicians from three major
 

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and politicians from three major
continents.<00:06:03.199><c> So</c><00:06:03.360><c> it</c><00:06:03.520><c> was</c><00:06:03.680><c> the</c><00:06:04.160><c> North</c>

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continents. So it was the North
 

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continents. So it was the North
Americans,<00:06:05.600><c> the</c><00:06:05.840><c> Europeans</c><00:06:06.400><c> and</c><00:06:06.639><c> the</c><00:06:06.800><c> Asians.</c>

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Americans, the Europeans and the Asians.
 

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Americans, the Europeans and the Asians.
So<00:06:09.039><c> he</c><00:06:09.199><c> said</c><00:06:09.360><c> to</c><00:06:09.440><c> me,</c><00:06:09.680><c> would</c><00:06:09.759><c> you</c><00:06:09.919><c> like</c><00:06:10.000><c> to</c><00:06:10.080><c> be</c>

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So he said to me, would you like to be
 

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So he said to me, would you like to be
on<00:06:10.240><c> the</c><00:06:10.400><c> trilateral</c><00:06:10.960><c> commission?</c><00:06:12.319><c> Now</c><00:06:13.120><c> I</c><00:06:13.360><c> was</c>

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on the trilateral commission? Now I was
 

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on the trilateral commission? Now I was
30<00:06:14.319><c> years</c><00:06:14.560><c> old,</c><00:06:15.120><c> 32</c><00:06:15.600><c> years</c><00:06:15.759><c> old.</c><00:06:16.720><c> I</c><00:06:16.960><c> said,</c>

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30 years old, 32 years old. I said,
 

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30 years old, 32 years old. I said,
great.<00:06:18.400><c> and</c><00:06:19.120><c> he</c><00:06:19.360><c> said,</c><00:06:19.440><c> "Well,</c><00:06:19.759><c> you</c><00:06:19.919><c> have</c><00:06:20.000><c> to</c>

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great. and he said, "Well, you have to
 

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great. and he said, "Well, you have to
fill<00:06:20.319><c> out</c><00:06:20.800><c> this</c><00:06:21.360><c> application</c><00:06:22.800><c> so</c><00:06:22.960><c> they</c><00:06:23.199><c> have</c>

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fill out this application so they have
 

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fill out this application so they have
your<00:06:23.600><c> bio."</c><00:06:24.400><c> And</c><00:06:24.560><c> I</c><00:06:24.720><c> looked</c><00:06:24.960><c> at</c><00:06:25.039><c> the</c><00:06:25.600><c> list</c><00:06:25.840><c> of</c>

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your bio." And I looked at the list of
 

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your bio." And I looked at the list of
people.<00:06:26.400><c> And</c><00:06:26.560><c> it</c><00:06:26.800><c> was</c><00:06:27.840><c> Bill</c><00:06:28.160><c> Clinton,</c><00:06:28.639><c> former</c>

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people. And it was Bill Clinton, former
 

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people. And it was Bill Clinton, former
president<00:06:29.360><c> of</c><00:06:29.520><c> the</c><00:06:29.680><c> United</c><00:06:30.000><c> States,</c>

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president of the United States,
 

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president of the United States,
um<00:06:32.479><c> Paul</c><00:06:32.800><c> Vulkar,</c><00:06:34.240><c> every</c><00:06:34.639><c> great</c><00:06:34.960><c> leader</c><00:06:35.280><c> in</c>

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um Paul Vulkar, every great leader in
 

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um Paul Vulkar, every great leader in
America,<00:06:36.319><c> the</c><00:06:36.560><c> Asians,</c><00:06:37.120><c> the</c><00:06:37.360><c> Japanese,</c>

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America, the Asians, the Japanese,
 

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America, the Asians, the Japanese,
and<00:06:39.120><c> with</c><00:06:39.360><c> a</c><00:06:39.600><c> a</c><00:06:39.840><c> very</c><00:06:40.080><c> long</c>

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and with a a very long
 

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and with a a very long
description<00:06:42.160><c> of</c><00:06:42.319><c> their</c><00:06:42.639><c> history.</c><00:06:43.759><c> And</c><00:06:43.919><c> they</c>

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description of their history. And they
 

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description of their history. And they
asked<00:06:44.639><c> me</c><00:06:44.800><c> to</c><00:06:44.960><c> fill</c><00:06:45.120><c> in</c><00:06:45.280><c> what</c><00:06:45.440><c> I</c><00:06:45.600><c> would</c><00:06:45.759><c> like</c><00:06:45.919><c> to</c>

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asked me to fill in what I would like to
 

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asked me to fill in what I would like to
have<00:06:46.639><c> written.</c><00:06:47.280><c> and</c><00:06:47.440><c> I</c><00:06:47.600><c> wrote</c><00:06:47.840><c> Jeffrey</c>

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have written. and I wrote Jeffrey
 

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have written. and I wrote Jeffrey
Epstein,

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Epstein,
 

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Epstein,
just<00:06:50.160><c> a</c><00:06:50.400><c> good</c><00:06:50.560><c> kid,</c><00:06:51.759><c> which</c><00:06:52.160><c> I</c><00:06:52.400><c> thought</c><00:06:52.560><c> was</c>

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just a good kid, which I thought was
 

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just a good kid, which I thought was
funny.<00:06:53.120><c> Nobody</c><00:06:53.440><c> else</c><00:06:53.680><c> did.</c>

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funny. Nobody else did.
 

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funny. Nobody else did.
Um,<00:06:56.160><c> so</c><00:06:56.479><c> answer</c><00:06:56.800><c> to</c><00:06:56.960><c> what</c><00:06:57.120><c> your</c><00:06:57.360><c> question</c><00:06:57.680><c> at</c>

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Um, so answer to what your question at
 

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Um, so answer to what your question at
that<00:06:58.080><c> time</c><00:06:58.319><c> I</c><00:06:58.479><c> recognized</c><00:06:58.880><c> around</c><00:06:59.199><c> the</c><00:06:59.440><c> world</c>

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that time I recognized around the world
 

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that time I recognized around the world
that<00:07:01.120><c> monies</c><00:07:01.520><c> and</c><00:07:01.840><c> currencies</c>

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that monies and currencies
 

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that monies and currencies
were<00:07:03.680><c> not</c><00:07:03.840><c> really</c><00:07:04.160><c> well</c><00:07:04.400><c> understood.</c><00:07:05.680><c> But</c>

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were not really well understood. But
 

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were not really well understood. But
again,<00:07:06.800><c> it</c><00:07:07.120><c> was</c><00:07:07.280><c> only</c><00:07:07.919><c> numbers.</c>

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again, it was only numbers.
 

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again, it was only numbers.
So<00:07:10.319><c> numbers</c><00:07:11.360><c> and</c><00:07:11.680><c> I'll</c><00:07:11.840><c> get</c><00:07:12.000><c> to</c><00:07:12.160><c> the</c><00:07:12.319><c> fact</c><00:07:12.479><c> that</c>

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So numbers and I'll get to the fact that
 

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So numbers and I'll get to the fact that
it<00:07:13.360><c> was</c><00:07:13.520><c> bad</c><00:07:13.919><c> thinking.</c><00:07:15.280><c> It's</c><00:07:15.840><c> numbers</c><00:07:16.160><c> are</c>

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it was bad thinking. It's numbers are
 

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it was bad thinking. It's numbers are
very<00:07:16.479><c> good.</c><00:07:16.960><c> Are</c><00:07:17.199><c> most</c><00:07:17.360><c> people</c><00:07:17.599><c> are</c><00:07:17.759><c> most</c>

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very good. Are most people are most
 

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very good. Are most people are most
people<00:07:18.240><c> you</c><00:07:18.319><c> meet</c><00:07:18.479><c> even</c><00:07:18.639><c> on</c><00:07:18.720><c> a</c><00:07:18.800><c> trilateral</c>

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people you meet even on a trilateral
 

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people you meet even on a trilateral
commission<00:07:19.680><c> when</c><00:07:19.919><c> you</c><00:07:20.160><c> meet</c><00:07:20.479><c> most</c><00:07:20.800><c> people</c><00:07:21.120><c> do</c>

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commission when you meet most people do
 

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commission when you meet most people do
you<00:07:21.360><c> find</c><00:07:21.599><c> most</c><00:07:21.919><c> leaders</c><00:07:23.120><c> financially</c>

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you find most leaders financially
 

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you find most leaders financially
illiterate

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illiterate
 

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illiterate
&gt;&gt; economically<00:07:26.639><c> illiterate</c>

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&gt;&gt; economically illiterate
 

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&gt;&gt; economically illiterate
most<00:07:29.919><c> again</c><00:07:30.400><c> most</c><00:07:30.720><c> political</c><00:07:31.199><c> leaders</c><00:07:31.680><c> don't</c>

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most again most political leaders don't
 

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most again most political leaders don't
come<00:07:32.319><c> out</c><00:07:32.479><c> of</c><00:07:32.639><c> a</c><00:07:32.960><c> background</c><00:07:33.520><c> of</c><00:07:34.160><c> finance</c><00:07:34.880><c> most</c>

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come out of a background of finance most
 

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come out of a background of finance most
political<00:07:35.520><c> leaders</c><00:07:35.840><c> come</c><00:07:36.000><c> out</c><00:07:36.160><c> of</c><00:07:36.240><c> a</c>

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political leaders come out of a
 

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political leaders come out of a
background<00:07:36.720><c> of</c><00:07:36.960><c> being</c><00:07:37.280><c> popular</c><00:07:38.319><c> so</c><00:07:38.960><c> in</c><00:07:39.199><c> some</c>

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background of being popular so in some
 

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background of being popular so in some
of<00:07:39.520><c> the</c><00:07:39.680><c> countries</c><00:07:40.160><c> in</c><00:07:40.479><c> some</c><00:07:40.720><c> the</c><00:07:40.960><c> African</c>

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of the countries in some the African
 

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of the countries in some the African
countries<00:07:41.680><c> for</c><00:07:41.759><c> example</c><00:07:42.080><c> they</c><00:07:42.319><c> might</c><00:07:42.479><c> have</c>

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countries for example they might have
 

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countries for example they might have
been<00:07:42.720><c> a</c><00:07:42.960><c> military</c><00:07:43.360><c> person</c><00:07:43.599><c> they</c><00:07:43.840><c> were</c><00:07:43.919><c> a</c>

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been a military person they were a
 

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been a military person they were a
general<00:07:45.360><c> in</c><00:07:45.520><c> some</c><00:07:45.680><c> of</c><00:07:45.759><c> the</c><00:07:45.919><c> African</c><00:07:46.240><c> countries</c>

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general in some of the African countries
 

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general in some of the African countries
they<00:07:46.639><c> might</c><00:07:46.880><c> have</c><00:07:47.039><c> been</c><00:07:47.120><c> a</c><00:07:47.280><c> disc</c><00:07:47.520><c> jockey</c><00:07:48.639><c> or</c><00:07:49.039><c> in</c>

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they might have been a disc jockey or in
 

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they might have been a disc jockey or in
our<00:07:49.520><c> country</c><00:07:49.759><c> they</c><00:07:49.919><c> would</c><00:07:50.080><c> have</c><00:07:50.160><c> been</c><00:07:50.240><c> an</c>

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our country they would have been an
 

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our country they would have been an
actor.

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actor.
 

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actor.
The<00:07:52.319><c> knowledge</c><00:07:52.880><c> of</c><00:07:53.360><c> money</c><00:07:53.759><c> isn't</c><00:07:54.240><c> they</c><00:07:54.560><c> don't</c>

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The knowledge of money isn't they don't
 

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The knowledge of money isn't they don't
have<00:07:54.879><c> expertise.</c><00:07:55.440><c> They</c><00:07:55.599><c> have</c><00:07:55.680><c> no</c><00:07:55.840><c> degrees</c><00:07:56.160><c> in</c>

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have expertise. They have no degrees in
 

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have expertise. They have no degrees in
finance.<00:07:56.960><c> They</c><00:07:57.280><c> really</c><00:07:58.000><c> what</c><00:07:58.479><c> and</c><00:07:58.720><c> this</c><00:07:58.879><c> is</c>

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finance. They really what and this is
 

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finance. They really what and this is
one<00:07:59.199><c> of</c><00:07:59.280><c> the</c><00:07:59.440><c> major</c><00:07:59.759><c> problems.</c>

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one of the major problems.
 

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one of the major problems.
Their<00:08:02.639><c> expertise</c><00:08:03.840><c> if</c><00:08:04.080><c> they</c><00:08:04.240><c> have</c><00:08:04.400><c> any</c>

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Their expertise if they have any
 

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Their expertise if they have any
financial<00:08:05.120><c> knowledge</c><00:08:05.520><c> is</c><00:08:05.840><c> of</c><00:08:06.080><c> their</c><00:08:06.319><c> own</c>

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financial knowledge is of their own
 

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financial knowledge is of their own
checking<00:08:06.879><c> account</c><00:08:07.759><c> or</c><00:08:08.160><c> bank</c><00:08:08.400><c> account</c><00:08:08.720><c> and</c>

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checking account or bank account and
 

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checking account or bank account and
filling<00:08:09.120><c> in</c><00:08:09.360><c> their</c><00:08:09.520><c> own</c><00:08:09.680><c> taxes.</c>

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filling in their own taxes.
 

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filling in their own taxes.
So<00:08:12.879><c> many</c><00:08:13.280><c> world</c><00:08:13.520><c> leaders</c><00:08:13.840><c> who</c><00:08:14.080><c> don't</c><00:08:14.319><c> really</c>

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So many world leaders who don't really
 

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So many world leaders who don't really
have<00:08:14.639><c> a</c><00:08:14.879><c> financial</c><00:08:15.360><c> underpinning</c><00:08:16.319><c> make</c>

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have a financial underpinning make
 

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have a financial underpinning make
fundamental<00:08:17.680><c> errors</c><00:08:18.960><c> when</c><00:08:19.199><c> it</c><00:08:19.360><c> comes</c><00:08:19.599><c> to</c>

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fundamental errors when it comes to
 

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fundamental errors when it comes to
money<00:08:20.319><c> on</c><00:08:20.479><c> a</c><00:08:20.720><c> country</c><00:08:21.599><c> or</c><00:08:22.000><c> institutional</c>

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money on a country or institutional
 

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money on a country or institutional
level.<00:08:23.520><c> Let</c><00:08:23.680><c> me</c><00:08:23.840><c> give</c><00:08:23.919><c> you</c><00:08:24.000><c> an</c><00:08:24.160><c> example.</c>

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level. Let me give you an example.
 

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level. Let me give you an example.
If<00:08:26.720><c> you</c><00:08:27.039><c> Mr.</c><00:08:27.360><c> Bannon</c>

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If you Mr. Bannon
 

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If you Mr. Bannon
if<00:08:29.440><c> I</c><00:08:29.680><c> said</c><00:08:29.840><c> your</c><00:08:30.160><c> assets</c><00:08:30.800><c> increased</c><00:08:31.440><c> last</c>

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if I said your assets increased last
 

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if I said your assets increased last
year

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year
 

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year
you'd<00:08:34.000><c> say</c><00:08:34.240><c> that's</c><00:08:34.560><c> well</c><00:08:35.120><c> that</c><00:08:35.440><c> sounds</c><00:08:35.839><c> pretty</c>

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you'd say that's well that sounds pretty
 

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you'd say that's well that sounds pretty
good.<00:08:37.360><c> And</c><00:08:37.519><c> I</c><00:08:37.680><c> say</c><00:08:37.919><c> what</c><00:08:38.080><c> does</c><00:08:38.159><c> that</c><00:08:38.320><c> mean</c><00:08:38.479><c> to</c>

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good. And I say what does that mean to
 

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good. And I say what does that mean to
you?<00:08:39.839><c> You'd</c><00:08:40.080><c> say,</c><00:08:40.240><c> "Well,</c><00:08:40.560><c> I</c><00:08:40.800><c> have</c><00:08:40.880><c> more</c>

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you? You'd say, "Well, I have more
 

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you? You'd say, "Well, I have more
money."<00:08:41.599><c> I</c><00:08:41.839><c> guess</c><00:08:42.159><c> I'm</c><00:08:42.399><c> I'm</c><00:08:42.719><c> wealthier.</c><00:08:43.839><c> I'd</c>

00:08:44.070 --> 00:08:44.080 align:start position:0%
money." I guess I'm I'm wealthier. I'd
 

00:08:44.080 --> 00:08:46.389 align:start position:0%
money." I guess I'm I'm wealthier. I'd
say<00:08:44.399><c> yes.</c>

00:08:46.389 --> 00:08:46.399 align:start position:0%
say yes.
 

00:08:46.399 --> 00:08:51.110 align:start position:0%
say yes.
And<00:08:46.640><c> if</c><00:08:46.880><c> you</c><00:08:47.279><c> had</c><00:08:47.519><c> if</c><00:08:47.760><c> your</c><00:08:48.000><c> debt</c><00:08:48.399><c> increased,</c>

00:08:51.110 --> 00:08:51.120 align:start position:0%
And if you had if your debt increased,
 

00:08:51.120 --> 00:08:52.949 align:start position:0%
And if you had if your debt increased,
would<00:08:51.360><c> you</c><00:08:51.760><c> would</c><00:08:51.920><c> you</c><00:08:52.080><c> feel</c><00:08:52.320><c> wealthier</c><00:08:52.720><c> or</c>

00:08:52.949 --> 00:08:52.959 align:start position:0%
would you would you feel wealthier or
 

00:08:52.959 --> 00:08:55.509 align:start position:0%
would you would you feel wealthier or
poorer?<00:08:54.320><c> You</c><00:08:54.560><c> say,</c><00:08:54.640><c> "Well,</c><00:08:55.120><c> I</c><00:08:55.279><c> don't</c><00:08:55.360><c> want</c><00:08:55.440><c> to</c>

00:08:55.509 --> 00:08:55.519 align:start position:0%
poorer? You say, "Well, I don't want to
 

00:08:55.519 --> 00:08:56.870 align:start position:0%
poorer? You say, "Well, I don't want to
have<00:08:55.680><c> increased</c><00:08:56.000><c> debt.</c><00:08:56.240><c> I</c><00:08:56.480><c> don't</c><00:08:56.560><c> like</c><00:08:56.720><c> the</c>

00:08:56.870 --> 00:08:56.880 align:start position:0%
have increased debt. I don't like the
 

00:08:56.880 --> 00:09:00.949 align:start position:0%
have increased debt. I don't like the
idea<00:08:57.120><c> of</c><00:08:57.440><c> that</c><00:08:57.680><c> sounds</c><00:08:58.160><c> increased</c><00:08:58.560><c> debt."</c>

00:09:00.949 --> 00:09:00.959 align:start position:0%
idea of that sounds increased debt."
 

00:09:00.959 --> 00:09:04.070 align:start position:0%
idea of that sounds increased debt."
Now,<00:09:02.160><c> that</c><00:09:02.560><c> and</c><00:09:02.880><c> world</c><00:09:03.120><c> leaders</c><00:09:03.519><c> understand</c>

00:09:04.070 --> 00:09:04.080 align:start position:0%
Now, that and world leaders understand
 

00:09:04.080 --> 00:09:06.310 align:start position:0%
Now, that and world leaders understand
when<00:09:04.399><c> their</c><00:09:04.720><c> assets</c><00:09:05.360><c> go</c><00:09:05.519><c> up,</c><00:09:05.760><c> they</c><00:09:06.080><c> feel</c>

00:09:06.310 --> 00:09:06.320 align:start position:0%
when their assets go up, they feel
 

00:09:06.320 --> 00:09:08.150 align:start position:0%
when their assets go up, they feel
better.

00:09:08.150 --> 00:09:08.160 align:start position:0%
better.
 

00:09:08.160 --> 00:09:11.829 align:start position:0%
better.
However,<00:09:09.120><c> institutions</c><00:09:10.160><c> like</c><00:09:10.560><c> banks,</c><00:09:11.600><c> things</c>

00:09:11.829 --> 00:09:11.839 align:start position:0%
However, institutions like banks, things
 

00:09:11.839 --> 00:09:14.230 align:start position:0%
However, institutions like banks, things
that<00:09:12.080><c> people</c><00:09:12.399><c> don't</c><00:09:12.800><c> really</c><00:09:13.200><c> understand</c><00:09:14.000><c> are</c>

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that people don't really understand are
 

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that people don't really understand are
financial<00:09:14.880><c> underpinnings</c><00:09:15.519><c> of</c><00:09:15.839><c> banks.</c>

00:09:19.110 --> 00:09:19.120 align:start position:0%
 
 

00:09:19.120 --> 00:09:22.230 align:start position:0%
 
When<00:09:19.360><c> I</c><00:09:19.519><c> say</c><00:09:19.839><c> your</c><00:09:20.640><c> bank,</c><00:09:21.440><c> Mr.</c><00:09:21.680><c> Bannon,</c><00:09:22.080><c> you</c>

00:09:22.230 --> 00:09:22.240 align:start position:0%
When I say your bank, Mr. Bannon, you
 

00:09:22.240 --> 00:09:24.870 align:start position:0%
When I say your bank, Mr. Bannon, you
have<00:09:22.480><c> the</c><00:09:22.640><c> Bannon</c><00:09:23.120><c> bank,</c><00:09:23.839><c> you</c><00:09:24.160><c> doubled</c><00:09:24.560><c> your</c>

00:09:24.870 --> 00:09:24.880 align:start position:0%
have the Bannon bank, you doubled your
 

00:09:24.880 --> 00:09:26.470 align:start position:0%
have the Bannon bank, you doubled your
assets.

00:09:26.470 --> 00:09:26.480 align:start position:0%
assets.
 

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assets.
Sounds<00:09:26.800><c> good.</c><00:09:27.200><c> But</c><00:09:27.360><c> what</c><00:09:27.519><c> does</c><00:09:27.680><c> it</c><00:09:27.839><c> really</c>

00:09:28.150 --> 00:09:28.160 align:start position:0%
Sounds good. But what does it really
 

00:09:28.160 --> 00:09:29.670 align:start position:0%
Sounds good. But what does it really
mean?

00:09:29.670 --> 00:09:29.680 align:start position:0%
mean?
 

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mean?
It<00:09:29.920><c> means</c><00:09:30.880><c> people</c><00:09:31.680><c> owe</c><00:09:31.839><c> you</c><00:09:32.399><c> more</c><00:09:32.720><c> money.</c><00:09:33.680><c> You</c>

00:09:33.910 --> 00:09:33.920 align:start position:0%
It means people owe you more money. You
 

00:09:33.920 --> 00:09:36.870 align:start position:0%
It means people owe you more money. You
don't<00:09:34.080><c> have</c><00:09:34.240><c> any</c><00:09:34.480><c> money.</c><00:09:34.800><c> More</c><00:09:35.040><c> money.</c>

00:09:36.870 --> 00:09:36.880 align:start position:0%
don't have any money. More money.
 

00:09:36.880 --> 00:09:41.430 align:start position:0%
don't have any money. More money.
What?<00:09:37.680><c> Yeah,</c><00:09:38.959><c> a</c><00:09:39.360><c> bank's</c><00:09:39.839><c> assets</c>

00:09:41.430 --> 00:09:41.440 align:start position:0%
What? Yeah, a bank's assets
 

00:09:41.440 --> 00:09:47.350 align:start position:0%
What? Yeah, a bank's assets
are<00:09:41.839><c> how</c><00:09:42.080><c> much</c><00:09:42.560><c> it</c><00:09:42.880><c> is</c><00:09:43.279><c> owed</c><00:09:43.760><c> by</c><00:09:44.160><c> other</c><00:09:44.720><c> people.</c>

00:09:47.350 --> 00:09:47.360 align:start position:0%
are how much it is owed by other people.
 

00:09:47.360 --> 00:09:51.030 align:start position:0%
are how much it is owed by other people.
That's<00:09:47.680><c> crazy.</c><00:09:48.720><c> So</c><00:09:48.880><c> if</c><00:09:49.120><c> the</c><00:09:49.279><c> bank</c><00:09:50.640><c> went</c><00:09:50.880><c> goes</c>

00:09:51.030 --> 00:09:51.040 align:start position:0%
That's crazy. So if the bank went goes
 

00:09:51.040 --> 00:09:53.190 align:start position:0%
That's crazy. So if the bank went goes
from<00:09:51.200><c> a</c><00:09:51.440><c> $2</c><00:09:51.680><c> billion</c><00:09:52.160><c> of</c><00:09:52.320><c> assets</c><00:09:52.720><c> to</c><00:09:52.959><c> 10</c>

00:09:53.190 --> 00:09:53.200 align:start position:0%
from a $2 billion of assets to 10
 

00:09:53.200 --> 00:09:56.630 align:start position:0%
from a $2 billion of assets to 10
billion,<00:09:54.000><c> it</c><00:09:54.240><c> means</c><00:09:55.440><c> people</c><00:09:56.000><c> owe</c><00:09:56.080><c> it</c><00:09:56.399><c> an</c>

00:09:56.630 --> 00:09:56.640 align:start position:0%
billion, it means people owe it an
 

00:09:56.640 --> 00:09:59.110 align:start position:0%
billion, it means people owe it an
additional<00:09:57.120><c> $8</c><00:09:57.600><c> billion</c><00:09:58.320><c> and</c><00:09:58.560><c> they</c><00:09:58.720><c> but</c><00:09:58.959><c> their</c>

00:09:59.110 --> 00:09:59.120 align:start position:0%
additional $8 billion and they but their
 

00:09:59.120 --> 00:10:01.829 align:start position:0%
additional $8 billion and they but their
assets<00:09:59.519><c> have</c><00:09:59.680><c> gone</c><00:09:59.920><c> up.</c>

00:10:01.829 --> 00:10:01.839 align:start position:0%
assets have gone up.
 

00:10:01.839 --> 00:10:04.550 align:start position:0%
assets have gone up.
So<00:10:02.080><c> the</c><00:10:02.480><c> terminology</c><00:10:03.200><c> of</c><00:10:03.519><c> assets</c><00:10:04.160><c> and</c>

00:10:04.550 --> 00:10:04.560 align:start position:0%
So the terminology of assets and
 

00:10:04.560 --> 00:10:06.870 align:start position:0%
So the terminology of assets and
liabilities<00:10:05.440><c> is</c><00:10:05.760><c> different</c><00:10:06.000><c> for</c><00:10:06.240><c> banks.</c><00:10:06.560><c> It's</c>

00:10:06.870 --> 00:10:06.880 align:start position:0%
liabilities is different for banks. It's
 

00:10:06.880 --> 00:10:08.949 align:start position:0%
liabilities is different for banks. It's
not<00:10:07.120><c> natural.</c><00:10:07.680><c> And</c><00:10:07.920><c> what</c><00:10:08.160><c> most</c><00:10:08.399><c> people</c><00:10:08.720><c> and</c>

00:10:08.949 --> 00:10:08.959 align:start position:0%
not natural. And what most people and
 

00:10:08.959 --> 00:10:12.150 align:start position:0%
not natural. And what most people and
you<00:10:09.200><c> ask</c><00:10:09.440><c> questions</c><00:10:09.680><c> about</c><00:10:09.920><c> world</c><00:10:10.160><c> leaders</c>

00:10:12.150 --> 00:10:12.160 align:start position:0%
you ask questions about world leaders
 

00:10:12.160 --> 00:10:13.509 align:start position:0%
you ask questions about world leaders
there's<00:10:12.399><c> many</c><00:10:12.640><c> people</c><00:10:12.880><c> I</c><00:10:13.040><c> think</c><00:10:13.200><c> your</c><00:10:13.360><c> old</c>

00:10:13.509 --> 00:10:13.519 align:start position:0%
there's many people I think your old
 

00:10:13.519 --> 00:10:16.870 align:start position:0%
there's many people I think your old
boss<00:10:14.560><c> Mercer</c><00:10:15.040><c> understood.</c><00:10:16.480><c> There's</c><00:10:16.720><c> a</c>

00:10:16.870 --> 00:10:16.880 align:start position:0%
boss Mercer understood. There's a
 

00:10:16.880 --> 00:10:19.030 align:start position:0%
boss Mercer understood. There's a
fundamental<00:10:17.440><c> part</c><00:10:17.680><c> of</c><00:10:17.920><c> money</c><00:10:18.640><c> which</c><00:10:18.880><c> is</c>

00:10:19.030 --> 00:10:19.040 align:start position:0%
fundamental part of money which is
 

00:10:19.040 --> 00:10:22.470 align:start position:0%
fundamental part of money which is
called<00:10:19.279><c> fractionalized</c><00:10:20.079><c> banking.</c>

00:10:22.470 --> 00:10:22.480 align:start position:0%
called fractionalized banking.
 

00:10:22.480 --> 00:10:24.069 align:start position:0%
called fractionalized banking.
And<00:10:22.640><c> fractionalized</c><00:10:23.279><c> banking</c><00:10:23.600><c> is</c><00:10:23.839><c> something</c>

00:10:24.069 --> 00:10:24.079 align:start position:0%
And fractionalized banking is something
 

00:10:24.079 --> 00:10:26.550 align:start position:0%
And fractionalized banking is something
that<00:10:24.480><c> finance</c><00:10:24.959><c> people</c><00:10:25.279><c> understand.</c><00:10:26.079><c> And</c><00:10:26.320><c> the</c>

00:10:26.550 --> 00:10:26.560 align:start position:0%
that finance people understand. And the
 

00:10:26.560 --> 00:10:27.990 align:start position:0%
that finance people understand. And the
people<00:10:26.720><c> on</c><00:10:26.959><c> the</c><00:10:27.120><c> street</c><00:10:27.360><c> and</c><00:10:27.600><c> when</c><00:10:27.760><c> I</c><00:10:27.839><c> say</c>

00:10:27.990 --> 00:10:28.000 align:start position:0%
people on the street and when I say
 

00:10:28.000 --> 00:10:29.269 align:start position:0%
people on the street and when I say
people<00:10:28.160><c> on</c><00:10:28.320><c> the</c><00:10:28.399><c> street</c><00:10:28.640><c> that's</c><00:10:28.800><c> where</c><00:10:28.959><c> I</c><00:10:29.120><c> was</c>

00:10:29.269 --> 00:10:29.279 align:start position:0%
people on the street that's where I was
 

00:10:29.279 --> 00:10:31.990 align:start position:0%
people on the street that's where I was
when<00:10:29.440><c> I</c><00:10:29.680><c> started</c><00:10:30.000><c> on</c><00:10:30.240><c> Wall</c><00:10:30.399><c> Street</c><00:10:31.440><c> would</c><00:10:31.760><c> find</c>

00:10:31.990 --> 00:10:32.000 align:start position:0%
when I started on Wall Street would find
 

00:10:32.000 --> 00:10:36.870 align:start position:0%
when I started on Wall Street would find
it<00:10:32.720><c> impossible</c><00:10:33.360><c> to</c><00:10:33.680><c> believe.</c><00:10:35.040><c> Impossible.</c>

00:10:36.870 --> 00:10:36.880 align:start position:0%
it impossible to believe. Impossible.
 

00:10:36.880 --> 00:10:39.430 align:start position:0%
it impossible to believe. Impossible.
Why?

00:10:39.430 --> 00:10:39.440 align:start position:0%
Why?
 

00:10:39.440 --> 00:10:44.870 align:start position:0%
Why?
Bang<00:10:39.680><c> and</c><00:10:40.000><c> bank.</c><00:10:41.120><c> I</c><00:10:41.440><c> give</c><00:10:41.680><c> you</c><00:10:43.120><c> $1.</c>

00:10:44.870 --> 00:10:44.880 align:start position:0%
Bang and bank. I give you $1.
 

00:10:44.880 --> 00:10:48.230 align:start position:0%
Bang and bank. I give you $1.
Just<00:10:45.120><c> one</c><00:10:45.680><c> single</c><00:10:46.320><c> dollar.</c>

00:10:48.230 --> 00:10:48.240 align:start position:0%
Just one single dollar.
 

00:10:48.240 --> 00:10:51.269 align:start position:0%
Just one single dollar.
In<00:10:48.480><c> our</c><00:10:48.800><c> system</c><00:10:49.120><c> of</c><00:10:49.360><c> banking,</c><00:10:50.800><c> I</c><00:10:51.040><c> would</c><00:10:51.120><c> say,</c>

00:10:51.269 --> 00:10:51.279 align:start position:0%
In our system of banking, I would say,
 

00:10:51.279 --> 00:10:53.509 align:start position:0%
In our system of banking, I would say,
"Okay,<00:10:51.680><c> Steve,</c><00:10:52.000><c> I</c><00:10:52.240><c> gave</c><00:10:52.480><c> you</c><00:10:52.640><c> a</c><00:10:52.800><c> dollar.</c><00:10:53.360><c> How</c>

00:10:53.509 --> 00:10:53.519 align:start position:0%
"Okay, Steve, I gave you a dollar. How
 

00:10:53.519 --> 00:10:55.030 align:start position:0%
"Okay, Steve, I gave you a dollar. How
much<00:10:53.680><c> could</c><00:10:53.920><c> you</c><00:10:54.079><c> lend</c><00:10:54.320><c> out</c><00:10:54.560><c> to</c><00:10:54.720><c> your</c>

00:10:55.030 --> 00:10:55.040 align:start position:0%
much could you lend out to your
 

00:10:55.040 --> 00:10:56.550 align:start position:0%
much could you lend out to your
friends?"

00:10:56.550 --> 00:10:56.560 align:start position:0%
friends?"
 

00:10:56.560 --> 00:10:58.550 align:start position:0%
friends?"
And<00:10:57.040><c> your</c><00:10:57.360><c> natural</c><00:10:57.680><c> reaction</c><00:10:58.079><c> would</c><00:10:58.320><c> be,</c>

00:10:58.550 --> 00:10:58.560 align:start position:0%
And your natural reaction would be,
 

00:10:58.560 --> 00:11:00.069 align:start position:0%
And your natural reaction would be,
"Probably<00:10:59.040><c> something</c><00:10:59.360><c> less</c><00:10:59.600><c> than</c><00:10:59.680><c> a</c><00:10:59.920><c> dollar</c>

00:11:00.069 --> 00:11:00.079 align:start position:0%
"Probably something less than a dollar
 

00:11:00.079 --> 00:11:01.990 align:start position:0%
"Probably something less than a dollar
because<00:11:00.240><c> I</c><00:11:00.399><c> want</c><00:11:00.480><c> to</c><00:11:00.640><c> keep</c><00:11:00.800><c> something</c><00:11:01.440><c> in</c><00:11:01.760><c> my</c>

00:11:01.990 --> 00:11:02.000 align:start position:0%
because I want to keep something in my
 

00:11:02.000 --> 00:11:03.990 align:start position:0%
because I want to keep something in my
pocket."

00:11:03.990 --> 00:11:04.000 align:start position:0%
pocket."
 

00:11:04.000 --> 00:11:06.389 align:start position:0%
pocket."
The<00:11:04.240><c> way</c><00:11:04.399><c> our</c><00:11:04.640><c> system</c><00:11:04.959><c> works</c><00:11:05.200><c> is</c><00:11:05.440><c> if</c><00:11:05.600><c> I</c><00:11:06.000><c> you</c><00:11:06.240><c> as</c>

00:11:06.389 --> 00:11:06.399 align:start position:0%
The way our system works is if I you as
 

00:11:06.399 --> 00:11:09.590 align:start position:0%
The way our system works is if I you as
a<00:11:06.560><c> bank</c><00:11:06.880><c> are</c><00:11:07.120><c> holding</c><00:11:07.519><c> my</c><00:11:07.920><c> dollar,</c>

00:11:09.590 --> 00:11:09.600 align:start position:0%
a bank are holding my dollar,
 

00:11:09.600 --> 00:11:13.030 align:start position:0%
a bank are holding my dollar,
you<00:11:09.839><c> can</c><00:11:10.000><c> lend</c><00:11:10.240><c> out</c><00:11:10.959><c> an</c><00:11:11.200><c> additional</c><00:11:12.560><c> eight</c><00:11:12.800><c> or</c>

00:11:13.030 --> 00:11:13.040 align:start position:0%
you can lend out an additional eight or
 

00:11:13.040 --> 00:11:15.269 align:start position:0%
you can lend out an additional eight or
nine<00:11:13.440><c> dollars.</c>

00:11:15.269 --> 00:11:15.279 align:start position:0%
nine dollars.
 

00:11:15.279 --> 00:11:16.949 align:start position:0%
nine dollars.
No,<00:11:15.519><c> it's</c><00:11:15.760><c> impossible.</c><00:11:16.240><c> I</c><00:11:16.480><c> only</c><00:11:16.640><c> have</c><00:11:16.800><c> a</c>

00:11:16.949 --> 00:11:16.959 align:start position:0%
No, it's impossible. I only have a
 

00:11:16.959 --> 00:11:18.949 align:start position:0%
No, it's impossible. I only have a
dollar,<00:11:17.279><c> Jeffrey.</c>

00:11:18.949 --> 00:11:18.959 align:start position:0%
dollar, Jeffrey.
 

00:11:18.959 --> 00:11:20.550 align:start position:0%
dollar, Jeffrey.
We<00:11:19.200><c> have</c><00:11:19.279><c> something</c><00:11:19.600><c> called</c><00:11:19.760><c> fractionalized</c>

00:11:20.550 --> 00:11:20.560 align:start position:0%
We have something called fractionalized
 

00:11:20.560 --> 00:11:22.550 align:start position:0%
We have something called fractionalized
reserves,<00:11:21.120><c> which</c><00:11:21.279><c> is</c><00:11:21.519><c> if</c><00:11:21.680><c> you</c><00:11:21.839><c> have</c><00:11:22.000><c> one,</c><00:11:22.399><c> you</c>

00:11:22.550 --> 00:11:22.560 align:start position:0%
reserves, which is if you have one, you
 

00:11:22.560 --> 00:11:25.190 align:start position:0%
reserves, which is if you have one, you
can<00:11:22.720><c> lend</c><00:11:22.959><c> out</c><00:11:23.120><c> nine.</c><00:11:24.480><c> That's</c><00:11:24.720><c> the</c><00:11:24.880><c> way</c><00:11:24.959><c> our</c>

00:11:25.190 --> 00:11:25.200 align:start position:0%
can lend out nine. That's the way our
 

00:11:25.200 --> 00:11:28.150 align:start position:0%
can lend out nine. That's the way our
system<00:11:25.519><c> works.</c><00:11:26.160><c> And</c><00:11:26.800><c> so</c><00:11:27.279><c> not</c><00:11:27.519><c> only</c><00:11:27.680><c> do</c><00:11:27.920><c> world</c>

00:11:28.150 --> 00:11:28.160 align:start position:0%
system works. And so not only do world
 

00:11:28.160 --> 00:11:30.069 align:start position:0%
system works. And so not only do world
leaders<00:11:28.480><c> not</c><00:11:28.800><c> understand</c><00:11:29.120><c> banking,</c><00:11:29.680><c> but</c><00:11:29.920><c> the</c>

00:11:30.069 --> 00:11:30.079 align:start position:0%
leaders not understand banking, but the
 

00:11:30.079 --> 00:11:32.069 align:start position:0%
leaders not understand banking, but the
man<00:11:30.240><c> on</c><00:11:30.480><c> the</c><00:11:30.640><c> street,</c><00:11:31.200><c> my</c><00:11:31.519><c> father</c><00:11:31.760><c> who</c><00:11:31.920><c> worked</c>

00:11:32.069 --> 00:11:32.079 align:start position:0%
man on the street, my father who worked
 

00:11:32.079 --> 00:11:34.230 align:start position:0%
man on the street, my father who worked
in<00:11:32.160><c> the</c><00:11:32.320><c> park</c><00:11:32.640><c> department,</c><00:11:33.440><c> it</c><00:11:33.680><c> it</c><00:11:33.920><c> would</c><00:11:34.079><c> be</c>

00:11:34.230 --> 00:11:34.240 align:start position:0%
in the park department, it it would be
 

00:11:34.240 --> 00:11:36.550 align:start position:0%
in the park department, it it would be
beyond<00:11:34.560><c> his</c><00:11:34.800><c> imagination</c><00:11:35.839><c> that</c><00:11:36.160><c> people</c><00:11:36.399><c> could</c>

00:11:36.550 --> 00:11:36.560 align:start position:0%
beyond his imagination that people could
 

00:11:36.560 --> 00:11:38.790 align:start position:0%
beyond his imagination that people could
lend<00:11:36.880><c> out</c><00:11:37.680><c> more</c><00:11:38.000><c> money</c><00:11:38.240><c> than</c><00:11:38.399><c> they</c><00:11:38.640><c> actually</c>

00:11:38.790 --> 00:11:38.800 align:start position:0%
lend out more money than they actually
 

00:11:38.800 --> 00:11:42.069 align:start position:0%
lend out more money than they actually
had<00:11:39.040><c> in</c><00:11:39.200><c> their</c><00:11:39.360><c> pocket.</c>

00:11:42.069 --> 00:11:42.079 align:start position:0%
had in their pocket.
 

00:11:42.079 --> 00:11:45.829 align:start position:0%
had in their pocket.
&gt;&gt; Next<00:11:42.399><c> question.</c><00:11:43.040><c> But</c><00:11:43.440><c> how</c><00:11:43.680><c> how</c><00:11:43.920><c> did</c><00:11:44.079><c> this</c><00:11:44.880><c> in</c>

00:11:45.829 --> 00:11:45.839 align:start position:0%
&gt;&gt; Next question. But how how did this in
 

00:11:45.839 --> 00:11:48.550 align:start position:0%
&gt;&gt; Next question. But how how did this in
in in<00:11:46.320><c> understanding</c><00:11:46.800><c> that</c><00:11:47.839><c> when</c><00:11:48.000><c> you</c><00:11:48.160><c> got</c><00:11:48.320><c> on</c>

00:11:48.550 --> 00:11:48.560 align:start position:0%
in in understanding that when you got on
 

00:11:48.560 --> 00:11:49.590 align:start position:0%
in in understanding that when you got on
something<00:11:48.720><c> like</c><00:11:48.880><c> the</c><00:11:49.040><c> trilateral</c>

00:11:49.590 --> 00:11:49.600 align:start position:0%
something like the trilateral
 

00:11:49.600 --> 00:11:50.710 align:start position:0%
something like the trilateral
commission,<00:11:49.920><c> you're</c><00:11:50.160><c> on</c><00:11:50.240><c> the</c><00:11:50.399><c> board</c><00:11:50.560><c> at</c>

00:11:50.710 --> 00:11:50.720 align:start position:0%
commission, you're on the board at
 

00:11:50.720 --> 00:11:52.310 align:start position:0%
commission, you're on the board at
Rockefeller,<00:11:51.360><c> which</c><00:11:51.519><c> is</c><00:11:51.600><c> the</c><00:11:51.760><c> most</c><00:11:51.920><c> advanced</c>

00:11:52.310 --> 00:11:52.320 align:start position:0%
Rockefeller, which is the most advanced
 

00:11:52.320 --> 00:11:54.230 align:start position:0%
Rockefeller, which is the most advanced
research,<00:11:52.720><c> you</c><00:11:52.880><c> get</c><00:11:53.040><c> brought</c><00:11:53.279><c> into</c><00:11:53.440><c> the</c><00:11:53.920><c> to</c>

00:11:54.230 --> 00:11:54.240 align:start position:0%
research, you get brought into the to
 

00:11:54.240 --> 00:11:56.389 align:start position:0%
research, you get brought into the to
the<00:11:54.959><c> trilateral,</c><00:11:55.519><c> which</c><00:11:55.680><c> is</c><00:11:55.839><c> the</c><00:11:55.920><c> elite</c><00:11:56.240><c> of</c>

00:11:56.389 --> 00:11:56.399 align:start position:0%
the trilateral, which is the elite of
 

00:11:56.399 --> 00:11:57.670 align:start position:0%
the trilateral, which is the elite of
the<00:11:56.560><c> elite.</c>

00:11:57.670 --> 00:11:57.680 align:start position:0%
the elite.
 

00:11:57.680 --> 00:12:00.550 align:start position:0%
the elite.
&gt;&gt; How<00:11:58.079><c> since</c><00:11:58.399><c> you're</c><00:11:58.560><c> only</c><00:11:59.440><c> at</c><00:11:59.680><c> that</c><00:11:59.839><c> time</c>

00:12:00.550 --> 00:12:00.560 align:start position:0%
&gt;&gt; How since you're only at that time
 

00:12:00.560 --> 00:12:03.190 align:start position:0%
&gt;&gt; How since you're only at that time
&gt;&gt; 30<00:12:00.800><c> something</c>

00:12:03.190 --> 00:12:03.200 align:start position:0%
&gt;&gt; 30 something
 

00:12:03.200 --> 00:12:05.030 align:start position:0%
&gt;&gt; 30 something
eight<00:12:03.440><c> years</c><00:12:03.839><c> from</c><00:12:04.160><c> teaching</c><00:12:04.399><c> at</c><00:12:04.640><c> Dalton,</c>

00:12:05.030 --> 00:12:05.040 align:start position:0%
eight years from teaching at Dalton,
 

00:12:05.040 --> 00:12:07.590 align:start position:0%
eight years from teaching at Dalton,
right?<00:12:05.680><c> You're</c><00:12:06.399><c> 10</c><00:12:06.560><c> years</c><00:12:06.959><c> 10</c><00:12:07.120><c> years</c><00:12:07.440><c> teaching</c>

00:12:07.590 --> 00:12:07.600 align:start position:0%
right? You're 10 years 10 years teaching
 

00:12:07.600 --> 00:12:08.310 align:start position:0%
right? You're 10 years 10 years teaching
at<00:12:07.760><c> Dalton.</c>

00:12:08.310 --> 00:12:08.320 align:start position:0%
at Dalton.
 

00:12:08.320 --> 00:12:08.870 align:start position:0%
at Dalton.
&gt;&gt; Yes.

00:12:08.870 --> 00:12:08.880 align:start position:0%
&gt;&gt; Yes.
 

00:12:08.880 --> 00:12:10.389 align:start position:0%
&gt;&gt; Yes.
&gt;&gt; Walk<00:12:09.120><c> us</c><00:12:09.360><c> through</c>

00:12:10.389 --> 00:12:10.399 align:start position:0%
&gt;&gt; Walk us through
 

00:12:10.399 --> 00:12:12.230 align:start position:0%
&gt;&gt; Walk us through
&gt;&gt; I<00:12:10.639><c> mean,</c><00:12:10.800><c> put</c><00:12:10.959><c> us</c><00:12:11.040><c> in</c><00:12:11.200><c> the</c><00:12:11.279><c> room.</c><00:12:11.519><c> Walk</c><00:12:11.839><c> walk</c><00:12:12.079><c> me</c>

00:12:12.230 --> 00:12:12.240 align:start position:0%
&gt;&gt; I mean, put us in the room. Walk walk me
 

00:12:12.240 --> 00:12:13.990 align:start position:0%
&gt;&gt; I mean, put us in the room. Walk walk me
through<00:12:12.800><c> exactly</c><00:12:13.200><c> what</c><00:12:13.360><c> it</c><00:12:13.519><c> felt</c><00:12:13.680><c> like.</c><00:12:13.839><c> What</c>

00:12:13.990 --> 00:12:14.000 align:start position:0%
through exactly what it felt like. What
 

00:12:14.000 --> 00:12:15.430 align:start position:0%
through exactly what it felt like. What
it<00:12:14.160><c> felt</c><00:12:14.240><c> like</c><00:12:14.399><c> being</c><00:12:14.639><c> on</c><00:12:14.800><c> the</c><00:12:14.959><c> board</c><00:12:15.200><c> at</c>

00:12:15.430 --> 00:12:15.440 align:start position:0%
it felt like being on the board at
 

00:12:15.440 --> 00:12:16.790 align:start position:0%
it felt like being on the board at
Rockefeller.<00:12:16.079><c> You</c><00:12:16.240><c> got</c><00:12:16.320><c> these</c><00:12:16.480><c> Nobel</c>

00:12:16.790 --> 00:12:16.800 align:start position:0%
Rockefeller. You got these Nobel
 

00:12:16.800 --> 00:12:18.389 align:start position:0%
Rockefeller. You got these Nobel
laureates<00:12:17.279><c> and</c><00:12:17.440><c> you're</c><00:12:17.920><c> sitting</c><00:12:18.240><c> there</c>

00:12:18.389 --> 00:12:18.399 align:start position:0%
laureates and you're sitting there
 

00:12:18.399 --> 00:12:19.910 align:start position:0%
laureates and you're sitting there
making<00:12:18.720><c> decisions</c><00:12:19.120><c> and</c><00:12:19.360><c> you</c><00:12:19.519><c> start</c><00:12:19.600><c> to</c><00:12:19.760><c> meet</c>

00:12:19.910 --> 00:12:19.920 align:start position:0%
making decisions and you start to meet
 

00:12:19.920 --> 00:12:21.990 align:start position:0%
making decisions and you start to meet
these<00:12:20.160><c> people</c><00:12:20.320><c> on</c><00:12:20.560><c> at</c><00:12:20.800><c> Rockerfeller.</c><00:12:21.680><c> Now</c><00:12:21.839><c> you</c>

00:12:21.990 --> 00:12:22.000 align:start position:0%
these people on at Rockerfeller. Now you
 

00:12:22.000 --> 00:12:22.790 align:start position:0%
these people on at Rockerfeller. Now you
start<00:12:22.079><c> to</c><00:12:22.240><c> meet</c><00:12:22.320><c> these</c><00:12:22.480><c> people</c><00:12:22.720><c> that</c>

00:12:22.790 --> 00:12:22.800 align:start position:0%
start to meet these people that
 

00:12:22.800 --> 00:12:24.230 align:start position:0%
start to meet these people that
trilateral<00:12:23.279><c> commission.</c><00:12:23.680><c> What</c><00:12:23.839><c> what</c><00:12:24.000><c> did</c><00:12:24.079><c> it</c>

00:12:24.230 --> 00:12:24.240 align:start position:0%
trilateral commission. What what did it
 

00:12:24.240 --> 00:12:26.389 align:start position:0%
trilateral commission. What what did it
feel<00:12:24.399><c> like?</c>

00:12:26.389 --> 00:12:26.399 align:start position:0%
feel like?
 

00:12:26.399 --> 00:12:28.870 align:start position:0%
feel like?
&gt;&gt; That's<00:12:26.560><c> a</c><00:12:26.800><c> great</c><00:12:27.120><c> question.</c><00:12:28.160><c> So</c><00:12:28.399><c> what</c><00:12:28.639><c> did</c><00:12:28.720><c> it</c>

00:12:28.870 --> 00:12:28.880 align:start position:0%
&gt;&gt; That's a great question. So what did it
 

00:12:28.880 --> 00:12:29.190 align:start position:0%
&gt;&gt; That's a great question. So what did it
feel<00:12:28.959><c> like?</c>

00:12:29.190 --> 00:12:29.200 align:start position:0%
feel like?
 

00:12:29.200 --> 00:12:30.150 align:start position:0%
feel like?
&gt;&gt; That's<00:12:29.279><c> what</c><00:12:29.360><c> I'm</c><00:12:29.519><c> in</c><00:12:29.600><c> the</c><00:12:29.760><c> business</c><00:12:29.920><c> of</c>

00:12:30.150 --> 00:12:30.160 align:start position:0%
&gt;&gt; That's what I'm in the business of
 

00:12:30.160 --> 00:12:32.069 align:start position:0%
&gt;&gt; That's what I'm in the business of
asking.<00:12:30.959><c> What</c><00:12:31.200><c> does</c><00:12:31.279><c> it</c><00:12:31.440><c> feel</c><00:12:31.600><c> like</c><00:12:31.760><c> meeting</c>

00:12:32.069 --> 00:12:32.079 align:start position:0%
asking. What does it feel like meeting
 

00:12:32.079 --> 00:12:34.150 align:start position:0%
asking. What does it feel like meeting
some<00:12:32.240><c> of</c><00:12:32.320><c> these</c><00:12:32.560><c> people</c><00:12:32.800><c> like</c><00:12:33.200><c> Kissinger</c><00:12:33.920><c> or</c>

00:12:34.150 --> 00:12:34.160 align:start position:0%
some of these people like Kissinger or
 

00:12:34.160 --> 00:12:36.550 align:start position:0%
some of these people like Kissinger or
Rockefeller<00:12:35.600><c> and</c><00:12:35.920><c> those</c><00:12:36.240><c> are</c><00:12:36.399><c> two</c>

00:12:36.550 --> 00:12:36.560 align:start position:0%
Rockefeller and those are two
 

00:12:36.560 --> 00:12:39.430 align:start position:0%
Rockefeller and those are two
extraordinary<00:12:37.279><c> people</c><00:12:37.839><c> and</c><00:12:38.320><c> but</c><00:12:38.639><c> in</c><00:12:38.959><c> general</c>

00:12:39.430 --> 00:12:39.440 align:start position:0%
extraordinary people and but in general
 

00:12:39.440 --> 00:12:42.230 align:start position:0%
extraordinary people and but in general
I<00:12:39.680><c> think</c><00:12:39.760><c> the</c><00:12:40.079><c> question</c><00:12:41.040><c> the</c><00:12:41.360><c> people</c><00:12:41.680><c> on</c><00:12:42.000><c> Wall</c>

00:12:42.230 --> 00:12:42.240 align:start position:0%
I think the question the people on Wall
 

00:12:42.240 --> 00:12:45.590 align:start position:0%
I think the question the people on Wall
Street<00:12:42.880><c> I</c><00:12:43.200><c> tell</c><00:12:43.360><c> the</c><00:12:43.600><c> story</c><00:12:44.800><c> the</c><00:12:45.120><c> first</c><00:12:45.360><c> day</c>

00:12:45.590 --> 00:12:45.600 align:start position:0%
Street I tell the story the first day
 

00:12:45.600 --> 00:12:47.030 align:start position:0%
Street I tell the story the first day
one<00:12:45.839><c> of</c><00:12:45.920><c> the</c><00:12:46.000><c> first</c><00:12:46.160><c> days</c><00:12:46.320><c> when</c><00:12:46.480><c> I</c><00:12:46.639><c> was</c><00:12:46.720><c> in</c><00:12:46.880><c> Wall</c>

00:12:47.030 --> 00:12:47.040 align:start position:0%
one of the first days when I was in Wall
 

00:12:47.040 --> 00:12:48.629 align:start position:0%
one of the first days when I was in Wall
Street<00:12:47.519><c> someone</c><00:12:47.760><c> said</c><00:12:47.920><c> to</c><00:12:48.079><c> me</c><00:12:48.240><c> would</c><00:12:48.399><c> you</c><00:12:48.560><c> like</c>

00:12:48.629 --> 00:12:48.639 align:start position:0%
Street someone said to me would you like
 

00:12:48.639 --> 00:12:52.790 align:start position:0%
Street someone said to me would you like
to<00:12:48.880><c> buy</c><00:12:49.680><c> ATV</c>

00:12:52.790 --> 00:12:52.800 align:start position:0%
 
 

00:12:52.800 --> 00:12:54.550 align:start position:0%
 
and<00:12:53.040><c> I</c><00:12:53.279><c> could</c><00:12:53.519><c> I</c><00:12:53.760><c> was</c><00:12:53.839><c> looking</c><00:12:54.000><c> in</c><00:12:54.160><c> the</c>

00:12:54.550 --> 00:12:54.560 align:start position:0%
and I could I was looking in the
 

00:12:54.560 --> 00:12:56.069 align:start position:0%
and I could I was looking in the
brochure<00:12:54.959><c> and</c><00:12:55.120><c> I</c><00:12:55.200><c> I</c><00:12:55.519><c> couldn't</c><00:12:55.760><c> figure</c><00:12:55.920><c> out</c>

00:12:56.069 --> 00:12:56.079 align:start position:0%
brochure and I I couldn't figure out
 

00:12:56.079 --> 00:13:01.030 align:start position:0%
brochure and I I couldn't figure out
what<00:12:56.399><c> stock</c><00:12:56.959><c> had</c><00:12:57.120><c> a</c><00:12:57.360><c> symbol</c><00:12:57.600><c> of</c><00:12:57.839><c> ATV.</c><00:12:58.399><c> V.</c>

00:13:01.030 --> 00:13:01.040 align:start position:0%
what stock had a symbol of ATV. V.
 

00:13:01.040 --> 00:13:02.870 align:start position:0%
what stock had a symbol of ATV. V.
And<00:13:01.279><c> when</c><00:13:01.440><c> I</c><00:13:01.680><c> finally</c><00:13:02.079><c> said,</c><00:13:02.160><c> "Well,</c><00:13:02.480><c> I</c><00:13:02.560><c> I</c>

00:13:02.870 --> 00:13:02.880 align:start position:0%
And when I finally said, "Well, I I
 

00:13:02.880 --> 00:13:04.550 align:start position:0%
And when I finally said, "Well, I I
can't<00:13:03.120><c> find</c><00:13:03.279><c> it."</c><00:13:03.519><c> And</c><00:13:03.680><c> they</c><00:13:03.839><c> said,</c><00:13:03.839><c> "What</c><00:13:04.240><c> the</c>

00:13:04.550 --> 00:13:04.560 align:start position:0%
can't find it." And they said, "What the
 

00:13:04.560 --> 00:13:06.949 align:start position:0%
can't find it." And they said, "What the
what's<00:13:04.800><c> the</c><00:13:04.959><c> matter</c><00:13:05.200><c> with</c><00:13:05.360><c> you?"</c>

00:13:06.949 --> 00:13:06.959 align:start position:0%
what's the matter with you?"
 

00:13:06.959 --> 00:13:10.629 align:start position:0%
what's the matter with you?"
Do<00:13:07.120><c> you</c><00:13:07.279><c> want</c><00:13:07.360><c> to</c><00:13:07.519><c> buy</c><00:13:08.000><c> a</c><00:13:08.720><c> TV?</c><00:13:09.760><c> Which</c><00:13:09.920><c> is</c><00:13:10.079><c> he</c><00:13:10.320><c> he</c>

00:13:10.629 --> 00:13:10.639 align:start position:0%
Do you want to buy a TV? Which is he he
 

00:13:10.639 --> 00:13:12.870 align:start position:0%
Do you want to buy a TV? Which is he he
was<00:13:10.720><c> selling</c><00:13:11.040><c> hot</c><00:13:11.360><c> televisions,</c><00:13:12.399><c> stolen</c>

00:13:12.870 --> 00:13:12.880 align:start position:0%
was selling hot televisions, stolen
 

00:13:12.880 --> 00:13:13.990 align:start position:0%
was selling hot televisions, stolen
televisions<00:13:13.279><c> from</c><00:13:13.440><c> the</c><00:13:13.600><c> floor</c><00:13:13.760><c> of</c><00:13:13.920><c> the</c>

00:13:13.990 --> 00:13:14.000 align:start position:0%
televisions from the floor of the
 

00:13:14.000 --> 00:13:16.870 align:start position:0%
televisions from the floor of the
American<00:13:14.320><c> Stock</c><00:13:14.639><c> Exchange,</c><00:13:15.519><c> referred</c><00:13:15.920><c> to</c><00:13:16.079><c> in</c>

00:13:16.870 --> 00:13:16.880 align:start position:0%
American Stock Exchange, referred to in
 

00:13:16.880 --> 00:13:19.430 align:start position:0%
American Stock Exchange, referred to in
common<00:13:17.519><c> as</c><00:13:17.839><c> the</c><00:13:18.240><c> televisions</c><00:13:18.800><c> fell</c><00:13:19.040><c> off</c><00:13:19.200><c> the</c>

00:13:19.430 --> 00:13:19.440 align:start position:0%
common as the televisions fell off the
 

00:13:19.440 --> 00:13:22.150 align:start position:0%
common as the televisions fell off the
truck.<00:13:20.399><c> That's</c><00:13:21.040><c> so</c><00:13:21.279><c> I</c><00:13:21.519><c> knew</c><00:13:21.600><c> what</c><00:13:21.760><c> that</c><00:13:21.920><c> phrase</c>

00:13:22.150 --> 00:13:22.160 align:start position:0%
truck. That's so I knew what that phrase
 

00:13:22.160 --> 00:13:24.389 align:start position:0%
truck. That's so I knew what that phrase
meant<00:13:22.320><c> from</c><00:13:22.480><c> Coney</c><00:13:22.880><c> Island.</c>

00:13:24.389 --> 00:13:24.399 align:start position:0%
meant from Coney Island.
 

00:13:24.399 --> 00:13:28.389 align:start position:0%
meant from Coney Island.
But<00:13:24.639><c> what</c><00:13:24.800><c> I</c><00:13:24.959><c> found</c><00:13:25.200><c> was</c><00:13:26.399><c> most</c><00:13:26.800><c> people</c><00:13:27.760><c> what</c><00:13:28.000><c> be</c>

00:13:28.389 --> 00:13:28.399 align:start position:0%
But what I found was most people what be
 

00:13:28.399 --> 00:13:31.509 align:start position:0%
But what I found was most people what be
it<00:13:28.639><c> in</c><00:13:28.959><c> business</c><00:13:30.160><c> in</c><00:13:30.399><c> normal</c><00:13:30.800><c> life</c><00:13:30.959><c> or</c><00:13:31.200><c> in</c><00:13:31.360><c> the</c>

00:13:31.509 --> 00:13:31.519 align:start position:0%
it in business in normal life or in the
 

00:13:31.519 --> 00:13:34.470 align:start position:0%
it in business in normal life or in the
world<00:13:31.839><c> leaders</c><00:13:33.200><c> don't</c><00:13:33.600><c> really</c><00:13:33.920><c> understand</c>

00:13:34.470 --> 00:13:34.480 align:start position:0%
world leaders don't really understand
 

00:13:34.480 --> 00:13:38.790 align:start position:0%
world leaders don't really understand
money.<00:13:35.680><c> It</c><00:13:35.920><c> is</c><00:13:36.560><c> something</c><00:13:36.880><c> they</c><00:13:37.279><c> think</c><00:13:37.519><c> about.</c>

00:13:38.790 --> 00:13:38.800 align:start position:0%
money. It is something they think about.
 

00:13:38.800 --> 00:13:41.269 align:start position:0%
money. It is something they think about.
They<00:13:39.760><c> have</c><00:13:39.920><c> a</c><00:13:40.160><c> sense</c><00:13:40.399><c> of</c><00:13:40.560><c> what</c><00:13:40.720><c> it</c><00:13:40.880><c> is.</c><00:13:41.120><c> They</c>

00:13:41.269 --> 00:13:41.279 align:start position:0%
They have a sense of what it is. They
 

00:13:41.279 --> 00:13:44.550 align:start position:0%
They have a sense of what it is. They
certainly<00:13:41.680><c> want</c><00:13:41.839><c> more</c><00:13:42.079><c> of</c><00:13:42.240><c> it.</c><00:13:43.440><c> But</c><00:13:43.680><c> they</c><00:13:44.000><c> also</c>

00:13:44.550 --> 00:13:44.560 align:start position:0%
certainly want more of it. But they also
 

00:13:44.560 --> 00:13:46.310 align:start position:0%
certainly want more of it. But they also
make<00:13:44.800><c> statements</c><00:13:45.200><c> like</c><00:13:45.440><c> we</c><00:13:45.680><c> want</c><00:13:45.839><c> more</c><00:13:46.079><c> money</c>

00:13:46.310 --> 00:13:46.320 align:start position:0%
make statements like we want more money
 

00:13:46.320 --> 00:13:48.550 align:start position:0%
make statements like we want more money
but<00:13:46.480><c> we</c><00:13:46.639><c> don't</c><00:13:46.800><c> want</c><00:13:46.959><c> more</c><00:13:47.200><c> debt.</c><00:13:48.079><c> Which</c><00:13:48.320><c> just</c>

00:13:48.550 --> 00:13:48.560 align:start position:0%
but we don't want more debt. Which just
 

00:13:48.560 --> 00:13:50.470 align:start position:0%
but we don't want more debt. Which just
shows<00:13:48.720><c> a</c><00:13:48.880><c> misunderstanding</c><00:13:49.519><c> of</c><00:13:49.680><c> what</c><00:13:50.000><c> money</c>

00:13:50.470 --> 00:13:50.480 align:start position:0%
shows a misunderstanding of what money
 

00:13:50.480 --> 00:13:52.949 align:start position:0%
shows a misunderstanding of what money
at<00:13:50.720><c> its</c><00:13:50.959><c> core</c><00:13:51.279><c> really</c><00:13:51.519><c> is.</c><00:13:52.000><c> So</c><00:13:52.240><c> they</c><00:13:52.480><c> don't</c>

00:13:52.949 --> 00:13:52.959 align:start position:0%
at its core really is. So they don't
 

00:13:52.959 --> 00:13:54.949 align:start position:0%
at its core really is. So they don't
most<00:13:53.279><c> people</c><00:13:53.600><c> don't</c><00:13:54.079><c> they</c><00:13:54.320><c> want</c><00:13:54.399><c> to</c><00:13:54.560><c> make</c><00:13:54.720><c> it</c>

00:13:54.949 --> 00:13:54.959 align:start position:0%
most people don't they want to make it
 

00:13:54.959 --> 00:13:57.670 align:start position:0%
most people don't they want to make it
they<00:13:55.200><c> want</c><00:13:55.279><c> to</c><00:13:55.440><c> save</c><00:13:55.680><c> it</c><00:13:56.320><c> but</c><00:13:56.720><c> to</c><00:13:57.199><c> understand</c>

00:13:57.670 --> 00:13:57.680 align:start position:0%
they want to save it but to understand
 

00:13:57.680 --> 00:14:00.710 align:start position:0%
they want to save it but to understand
it<00:13:58.079><c> in</c><00:13:58.560><c> intimately</c><00:13:59.279><c> is</c><00:13:59.440><c> is</c><00:13:59.760><c> not</c><00:13:59.920><c> a</c><00:14:00.320><c> normal</c>

00:14:00.710 --> 00:14:00.720 align:start position:0%
it in intimately is is not a normal
 

00:14:00.720 --> 00:14:01.509 align:start position:0%
it in intimately is is not a normal
character

00:14:01.509 --> 00:14:01.519 align:start position:0%
character
 

00:14:01.519 --> 00:14:09.590 align:start position:0%
character
&gt;&gt; at<00:14:01.760><c> the</c><00:14:01.920><c> at</c><00:14:02.160><c> the</c><00:14:02.959><c> the</c><00:14:03.279><c> first</c><00:14:03.440><c> trilateral</c>

00:14:09.590 --> 00:14:09.600 align:start position:0%
 
 

00:14:09.600 --> 00:14:10.230 align:start position:0%
 
or<00:14:09.760><c> something.</c>

00:14:10.230 --> 00:14:10.240 align:start position:0%
or something.
 

00:14:10.240 --> 00:14:11.350 align:start position:0%
or something.
&gt;&gt; Yeah.<00:14:10.399><c> Yeah.</c><00:14:10.639><c> Good.</c>

00:14:11.350 --> 00:14:11.360 align:start position:0%
&gt;&gt; Yeah. Yeah. Good.
 

00:14:11.360 --> 00:14:13.030 align:start position:0%
&gt;&gt; Yeah. Yeah. Good.
&gt;&gt; Just<00:14:11.600><c> just</c><00:14:11.839><c> give</c><00:14:11.920><c> me</c><00:14:12.079><c> approximate.</c><00:14:12.639><c> You</c><00:14:12.800><c> you</c>

00:14:13.030 --> 00:14:13.040 align:start position:0%
&gt;&gt; Just just give me approximate. You you
 

00:14:13.040 --> 00:14:15.030 align:start position:0%
&gt;&gt; Just just give me approximate. You you
joined<00:14:13.279><c> the</c><00:14:13.680><c> trial</c><00:14:14.480><c> commission.</c>

00:14:15.030 --> 00:14:15.040 align:start position:0%
joined the trial commission.
 

00:14:15.040 --> 00:14:15.670 align:start position:0%
joined the trial commission.
&gt;&gt; It<00:14:15.199><c> might</c><00:14:15.279><c> be</c>

00:14:15.670 --> 00:14:15.680 align:start position:0%
&gt;&gt; It might be
 

00:14:15.680 --> 00:14:17.189 align:start position:0%
&gt;&gt; It might be
&gt;&gt; and<00:14:15.839><c> we'll</c><00:14:16.000><c> be</c><00:14:16.079><c> able</c><00:14:16.160><c> to</c><00:14:16.240><c> show</c><00:14:16.399><c> the</c><00:14:16.560><c> the</c><00:14:16.880><c> we'll</c>

00:14:17.189 --> 00:14:17.199 align:start position:0%
&gt;&gt; and we'll be able to show the the we'll
 

00:14:17.199 --> 00:14:18.870 align:start position:0%
&gt;&gt; and we'll be able to show the the we'll
pull<00:14:17.360><c> down</c><00:14:17.519><c> the</c><00:14:17.680><c> the</c><00:14:18.079><c> chart</c><00:14:18.240><c> of</c><00:14:18.480><c> where</c><00:14:18.639><c> your</c>

00:14:18.870 --> 00:14:18.880 align:start position:0%
pull down the the chart of where your
 

00:14:18.880 --> 00:14:20.470 align:start position:0%
pull down the the chart of where your
name<00:14:18.959><c> was,</c><00:14:19.199><c> but</c><00:14:19.519><c> just</c><00:14:19.680><c> give</c><00:14:19.839><c> me</c><00:14:20.000><c> roughly</c><00:14:20.320><c> when</c>

00:14:20.470 --> 00:14:20.480 align:start position:0%
name was, but just give me roughly when
 

00:14:20.480 --> 00:14:22.629 align:start position:0%
name was, but just give me roughly when
it<00:14:20.639><c> was.</c><00:14:21.120><c> I</c><00:14:21.360><c> think</c><00:14:21.519><c> it</c><00:14:21.680><c> could</c><00:14:21.760><c> be</c><00:14:22.000><c> 90.</c><00:14:22.320><c> I</c><00:14:22.480><c> don't</c>

00:14:22.629 --> 00:14:22.639 align:start position:0%
it was. I think it could be 90. I don't
 

00:14:22.639 --> 00:14:23.189 align:start position:0%
it was. I think it could be 90. I don't
remember.

00:14:23.189 --> 00:14:23.199 align:start position:0%
remember.
 

00:14:23.199 --> 00:14:24.470 align:start position:0%
remember.
&gt;&gt; Let's<00:14:23.360><c> say</c><00:14:23.519><c> early</c><00:14:23.760><c> 90s.</c><00:14:24.240><c> Yes.</c>

00:14:24.470 --> 00:14:24.480 align:start position:0%
&gt;&gt; Let's say early 90s. Yes.
 

00:14:24.480 --> 00:14:25.590 align:start position:0%
&gt;&gt; Let's say early 90s. Yes.
&gt;&gt; When<00:14:24.639><c> you</c><00:14:24.720><c> got</c><00:14:24.880><c> on</c><00:14:24.959><c> the</c><00:14:25.040><c> trilateral</c>

00:14:25.590 --> 00:14:25.600 align:start position:0%
&gt;&gt; When you got on the trilateral
 

00:14:25.600 --> 00:14:26.550 align:start position:0%
&gt;&gt; When you got on the trilateral
commission

00:14:26.550 --> 00:14:26.560 align:start position:0%
commission
 

00:14:26.560 --> 00:14:28.069 align:start position:0%
commission
&gt;&gt; and<00:14:26.720><c> had</c><00:14:26.959><c> the</c><00:14:27.120><c> fir</c><00:14:27.360><c> where</c><00:14:27.600><c> was</c><00:14:27.680><c> the</c><00:14:27.920><c> do</c><00:14:28.000><c> you</c>

00:14:28.069 --> 00:14:28.079 align:start position:0%
&gt;&gt; and had the fir where was the do you
 

00:14:28.079 --> 00:14:29.269 align:start position:0%
&gt;&gt; and had the fir where was the do you
remember<00:14:28.399><c> the</c><00:14:28.560><c> first</c><00:14:28.720><c> meeting</c><00:14:28.959><c> was?</c>

00:14:29.269 --> 00:14:29.279 align:start position:0%
remember the first meeting was?
 

00:14:29.279 --> 00:14:30.470 align:start position:0%
remember the first meeting was?
&gt;&gt; It<00:14:29.519><c> was</c><00:14:29.600><c> in</c><00:14:29.760><c> Tokyo.</c>

00:14:30.470 --> 00:14:30.480 align:start position:0%
&gt;&gt; It was in Tokyo.
 

00:14:30.480 --> 00:14:33.350 align:start position:0%
&gt;&gt; It was in Tokyo.
&gt;&gt; In<00:14:30.720><c> Tokyo</c><00:14:31.199><c> and</c><00:14:31.360><c> in</c><00:14:31.519><c> what</c><00:14:31.760><c> hotel?</c>

00:14:33.350 --> 00:14:33.360 align:start position:0%
&gt;&gt; In Tokyo and in what hotel?
 

00:14:33.360 --> 00:14:35.030 align:start position:0%
&gt;&gt; In Tokyo and in what hotel?
&gt;&gt; I<00:14:33.600><c> would</c><00:14:33.760><c> like</c><00:14:34.000><c> to</c><00:14:34.079><c> say</c><00:14:34.240><c> the</c><00:14:34.399><c> Hilton,</c><00:14:34.720><c> but</c><00:14:34.880><c> it's</c>

00:14:35.030 --> 00:14:35.040 align:start position:0%
&gt;&gt; I would like to say the Hilton, but it's
 

00:14:35.040 --> 00:14:35.990 align:start position:0%
&gt;&gt; I would like to say the Hilton, but it's
probably<00:14:35.279><c> not.</c>

00:14:35.990 --> 00:14:36.000 align:start position:0%
probably not.
 

00:14:36.000 --> 00:14:38.150 align:start position:0%
probably not.
&gt;&gt; Um,<00:14:36.320><c> and</c><00:14:36.560><c> it's</c><00:14:36.800><c> a</c><00:14:37.040><c> three-day,</c><00:14:37.519><c> four</c><00:14:37.760><c> day.</c><00:14:38.000><c> Give</c>

00:14:38.150 --> 00:14:38.160 align:start position:0%
&gt;&gt; Um, and it's a three-day, four day. Give
 

00:14:38.160 --> 00:14:39.829 align:start position:0%
&gt;&gt; Um, and it's a three-day, four day. Give
me<00:14:38.240><c> some</c><00:14:38.720><c> three-day</c><00:14:39.120><c> event.</c><00:14:39.360><c> And</c>

00:14:39.829 --> 00:14:39.839 align:start position:0%
me some three-day event. And
 

00:14:39.839 --> 00:14:41.430 align:start position:0%
me some three-day event. And
&gt;&gt; walk<00:14:40.000><c> me</c><00:14:40.079><c> through</c><00:14:40.240><c> the</c><00:14:40.320><c> whole</c><00:14:40.480><c> thing.</c><00:14:41.199><c> Starts</c>

00:14:41.430 --> 00:14:41.440 align:start position:0%
&gt;&gt; walk me through the whole thing. Starts
 

00:14:41.440 --> 00:14:42.790 align:start position:0%
&gt;&gt; walk me through the whole thing. Starts
with<00:14:41.600><c> a</c><00:14:41.760><c> dinner.</c><00:14:42.000><c> Good.</c><00:14:42.160><c> Take</c><00:14:42.320><c> me</c><00:14:42.480><c> just</c><00:14:42.639><c> walk</c>

00:14:42.790 --> 00:14:42.800 align:start position:0%
with a dinner. Good. Take me just walk
 

00:14:42.800 --> 00:14:43.509 align:start position:0%
with a dinner. Good. Take me just walk
me<00:14:42.959><c> through</c><00:14:43.120><c> it.</c>

00:14:43.509 --> 00:14:43.519 align:start position:0%
me through it.
 

00:14:43.519 --> 00:14:45.590 align:start position:0%
me through it.
&gt;&gt; It<00:14:43.760><c> was</c><00:14:43.920><c> boring.</c><00:14:44.800><c> I</c><00:14:45.120><c> can't</c><00:14:45.279><c> I</c>

00:14:45.590 --> 00:14:45.600 align:start position:0%
&gt;&gt; It was boring. I can't I
 

00:14:45.600 --> 00:14:46.550 align:start position:0%
&gt;&gt; It was boring. I can't I
&gt;&gt; You<00:14:45.760><c> couldn't</c><00:14:45.920><c> possibly</c><00:14:46.240><c> think</c><00:14:46.320><c> it</c><00:14:46.480><c> was</c>

00:14:46.550 --> 00:14:46.560 align:start position:0%
&gt;&gt; You couldn't possibly think it was
 

00:14:46.560 --> 00:14:47.269 align:start position:0%
&gt;&gt; You couldn't possibly think it was
boring.<00:14:46.720><c> It's</c><00:14:46.880><c> [&nbsp;__&nbsp;]</c>

00:14:47.269 --> 00:14:47.279 align:start position:0%
boring. It's [&nbsp;__&nbsp;]
 

00:14:47.279 --> 00:14:47.990 align:start position:0%
boring. It's [&nbsp;__&nbsp;]
&gt;&gt; It<00:14:47.360><c> was</c><00:14:47.519><c> boring.</c>

00:14:47.990 --> 00:14:48.000 align:start position:0%
&gt;&gt; It was boring.
 

00:14:48.000 --> 00:14:49.670 align:start position:0%
&gt;&gt; It was boring.
&gt;&gt; You<00:14:48.160><c> had</c><00:14:48.320><c> to</c><00:14:48.480><c> be</c><00:14:48.560><c> stars</c><00:14:48.880><c> in</c><00:14:49.040><c> your</c><00:14:49.199><c> eyes.</c>

00:14:49.670 --> 00:14:49.680 align:start position:0%
&gt;&gt; You had to be stars in your eyes.
 

00:14:49.680 --> 00:14:49.990 align:start position:0%
&gt;&gt; You had to be stars in your eyes.
&gt;&gt; No.<00:14:49.760><c> Oh.</c>

00:14:49.990 --> 00:14:50.000 align:start position:0%
&gt;&gt; No. Oh.
 

00:14:50.000 --> 00:14:51.670 align:start position:0%
&gt;&gt; No. Oh.
&gt;&gt; Do<00:14:50.160><c> you</c><00:14:50.240><c> fly</c><00:14:50.399><c> over</c><00:14:50.639><c> privately?</c>

00:14:51.670 --> 00:14:51.680 align:start position:0%
&gt;&gt; Do you fly over privately?
 

00:14:51.680 --> 00:14:54.629 align:start position:0%
&gt;&gt; Do you fly over privately?
&gt;&gt; Um,<00:14:52.399><c> yes.</c><00:14:52.720><c> But</c><00:14:52.800><c> it</c><00:14:52.959><c> wasn't</c><00:14:53.199><c> my</c><00:14:53.360><c> plane.</c>

00:14:54.629 --> 00:14:54.639 align:start position:0%
&gt;&gt; Um, yes. But it wasn't my plane.
 

00:14:54.639 --> 00:14:55.750 align:start position:0%
&gt;&gt; Um, yes. But it wasn't my plane.
&gt;&gt; So,<00:14:54.800><c> it</c><00:14:55.040><c> didn't</c><00:14:55.279><c> count.</c>

00:14:55.750 --> 00:14:55.760 align:start position:0%
&gt;&gt; So, it didn't count.
 

00:14:55.760 --> 00:14:56.870 align:start position:0%
&gt;&gt; So, it didn't count.
&gt;&gt; No.

00:14:56.870 --> 00:14:56.880 align:start position:0%
&gt;&gt; No.
 

00:14:56.880 --> 00:14:59.110 align:start position:0%
&gt;&gt; No.
&gt;&gt; Um,

00:14:59.110 --> 00:14:59.120 align:start position:0%
&gt;&gt; Um,
 

00:14:59.120 --> 00:15:00.629 align:start position:0%
&gt;&gt; Um,
you<00:14:59.360><c> you</c><00:14:59.680><c> fly</c><00:14:59.920><c> over?</c>

00:15:00.629 --> 00:15:00.639 align:start position:0%
you you fly over?
 

00:15:00.639 --> 00:15:01.030 align:start position:0%
you you fly over?
&gt;&gt; Yes.

00:15:01.030 --> 00:15:01.040 align:start position:0%
&gt;&gt; Yes.
 

00:15:01.040 --> 00:15:01.350 align:start position:0%
&gt;&gt; Yes.
&gt;&gt; And

00:15:01.350 --> 00:15:01.360 align:start position:0%
&gt;&gt; And
 

00:15:01.360 --> 00:15:02.150 align:start position:0%
&gt;&gt; And
&gt;&gt; and<00:15:01.519><c> it</c><00:15:01.680><c> was</c><00:15:01.760><c> who</c>

00:15:02.150 --> 00:15:02.160 align:start position:0%
&gt;&gt; and it was who
 

00:15:02.160 --> 00:15:03.509 align:start position:0%
&gt;&gt; and it was who
&gt;&gt; who<00:15:02.320><c> were</c><00:15:02.399><c> the</c><00:15:02.560><c> first</c><00:15:02.880><c> like</c><00:15:03.040><c> when</c><00:15:03.199><c> you</c><00:15:03.360><c> first</c>

00:15:03.509 --> 00:15:03.519 align:start position:0%
&gt;&gt; who were the first like when you first
 

00:15:03.519 --> 00:15:05.670 align:start position:0%
&gt;&gt; who were the first like when you first
met<00:15:03.680><c> those</c><00:15:03.839><c> leaders,</c><00:15:04.160><c> you</c><00:15:04.320><c> had</c><00:15:04.480><c> to</c><00:15:04.560><c> be</c><00:15:04.639><c> wowed.</c>

00:15:05.670 --> 00:15:05.680 align:start position:0%
met those leaders, you had to be wowed.
 

00:15:05.680 --> 00:15:06.310 align:start position:0%
met those leaders, you had to be wowed.
&gt;&gt; No.

00:15:06.310 --> 00:15:06.320 align:start position:0%
&gt;&gt; No.
 

00:15:06.320 --> 00:15:07.990 align:start position:0%
&gt;&gt; No.
&gt;&gt; You're<00:15:06.560><c> 10</c><00:15:06.720><c> years</c><00:15:06.880><c> out</c><00:15:07.040><c> of</c><00:15:07.199><c> Coney</c><00:15:07.519><c> Island.</c>

00:15:07.990 --> 00:15:08.000 align:start position:0%
&gt;&gt; You're 10 years out of Coney Island.
 

00:15:08.000 --> 00:15:10.550 align:start position:0%
&gt;&gt; You're 10 years out of Coney Island.
&gt;&gt; No,<00:15:08.160><c> I</c><00:15:08.320><c> am</c><00:15:08.480><c> not</c><00:15:08.639><c> wowed</c><00:15:09.040><c> by</c><00:15:10.000><c> people</c><00:15:10.240><c> of</c>

00:15:10.550 --> 00:15:10.560 align:start position:0%
&gt;&gt; No, I am not wowed by people of
 

00:15:10.560 --> 00:15:12.710 align:start position:0%
&gt;&gt; No, I am not wowed by people of
position.<00:15:11.199><c> I'm</c><00:15:11.440><c> wowed</c><00:15:11.839><c> by</c><00:15:12.000><c> people</c><00:15:12.240><c> of</c><00:15:12.480><c> great</c>

00:15:12.710 --> 00:15:12.720 align:start position:0%
position. I'm wowed by people of great
 

00:15:12.720 --> 00:15:15.030 align:start position:0%
position. I'm wowed by people of great
ideas.<00:15:13.680><c> And</c><00:15:13.920><c> I</c><00:15:14.079><c> don't</c><00:15:14.160><c> care</c><00:15:14.320><c> if</c><00:15:14.480><c> it's</c><00:15:14.560><c> the</c><00:15:14.800><c> bus</c>

00:15:15.030 --> 00:15:15.040 align:start position:0%
ideas. And I don't care if it's the bus
 

00:15:15.040 --> 00:15:17.430 align:start position:0%
ideas. And I don't care if it's the bus
driver.<00:15:16.000><c> I</c><00:15:16.240><c> don't</c><00:15:16.399><c> care</c><00:15:16.480><c> if</c><00:15:16.639><c> it's</c><00:15:16.880><c> the</c><00:15:17.120><c> student</c>

00:15:17.430 --> 00:15:17.440 align:start position:0%
driver. I don't care if it's the student
 

00:15:17.440 --> 00:15:19.910 align:start position:0%
driver. I don't care if it's the student
they<00:15:17.760><c> had</c><00:15:18.160><c> who</c><00:15:18.399><c> has</c><00:15:18.880><c> teeth</c><00:15:19.279><c> strict</c><00:15:19.680><c> coming</c>

00:15:19.910 --> 00:15:19.920 align:start position:0%
they had who has teeth strict coming
 

00:15:19.920 --> 00:15:20.310 align:start position:0%
they had who has teeth strict coming
out.

00:15:20.310 --> 00:15:20.320 align:start position:0%
out.
 

00:15:20.320 --> 00:15:21.350 align:start position:0%
out.
&gt;&gt; Well,<00:15:20.480><c> these</c><00:15:20.639><c> guys</c><00:15:20.800><c> have</c><00:15:20.959><c> to</c><00:15:21.120><c> have</c><00:15:21.199><c> great</c>

00:15:21.350 --> 00:15:21.360 align:start position:0%
&gt;&gt; Well, these guys have to have great
 

00:15:21.360 --> 00:15:23.110 align:start position:0%
&gt;&gt; Well, these guys have to have great
ideas.<00:15:21.920><c> The</c><00:15:22.079><c> leaders</c><00:15:22.320><c> of</c><00:15:22.480><c> the</c><00:15:22.639><c> three</c><00:15:22.880><c> great</c>

00:15:23.110 --> 00:15:23.120 align:start position:0%
ideas. The leaders of the three great
 

00:15:23.120 --> 00:15:24.710 align:start position:0%
ideas. The leaders of the three great
continents<00:15:23.519><c> of</c><00:15:23.519><c> the</c><00:15:23.680><c> world,</c><00:15:24.000><c> North</c><00:15:24.240><c> America,</c>

00:15:24.710 --> 00:15:24.720 align:start position:0%
continents of the world, North America,
 

00:15:24.720 --> 00:15:27.110 align:start position:0%
continents of the world, North America,
Europe,<00:15:25.120><c> and</c><00:15:25.199><c> the</c><00:15:25.519><c> and</c><00:15:25.680><c> and</c><00:15:26.000><c> Japan.</c>

00:15:27.110 --> 00:15:27.120 align:start position:0%
Europe, and the and and Japan.
 

00:15:27.120 --> 00:15:28.629 align:start position:0%
Europe, and the and and Japan.
&gt;&gt; No,<00:15:27.440><c> many</c><00:15:27.680><c> of</c><00:15:27.760><c> these</c><00:15:27.920><c> world</c><00:15:28.160><c> leaders</c><00:15:28.399><c> become</c>

00:15:28.629 --> 00:15:28.639 align:start position:0%
&gt;&gt; No, many of these world leaders become
 

00:15:28.639 --> 00:15:30.550 align:start position:0%
&gt;&gt; No, many of these world leaders become
world<00:15:28.880><c> leaders</c><00:15:29.360><c> because</c><00:15:29.680><c> they're</c><00:15:30.079><c> popular</c>

00:15:30.550 --> 00:15:30.560 align:start position:0%
world leaders because they're popular
 

00:15:30.560 --> 00:15:32.310 align:start position:0%
world leaders because they're popular
and<00:15:30.800><c> they</c><00:15:30.959><c> were</c><00:15:31.120><c> able</c><00:15:31.279><c> to</c><00:15:31.360><c> get</c><00:15:31.519><c> votes</c><00:15:31.839><c> or</c><00:15:32.079><c> they</c>

00:15:32.310 --> 00:15:32.320 align:start position:0%
and they were able to get votes or they
 

00:15:32.320 --> 00:15:34.150 align:start position:0%
and they were able to get votes or they
were<00:15:32.399><c> able</c><00:15:32.639><c> to</c><00:15:32.800><c> convince</c><00:15:33.120><c> people</c><00:15:33.360><c> to</c><00:15:33.680><c> vote</c><00:15:33.920><c> for</c>

00:15:34.150 --> 00:15:34.160 align:start position:0%
were able to convince people to vote for
 

00:15:34.160 --> 00:15:38.550 align:start position:0%
were able to convince people to vote for
them.<00:15:34.880><c> I</c><00:15:35.120><c> learned</c><00:15:35.440><c> later</c><00:15:36.800><c> um</c><00:15:37.839><c> many</c><00:15:38.160><c> of</c><00:15:38.320><c> them</c>

00:15:38.550 --> 00:15:38.560 align:start position:0%
them. I learned later um many of them
 

00:15:38.560 --> 00:15:40.550 align:start position:0%
them. I learned later um many of them
were<00:15:38.800><c> just</c>

00:15:40.550 --> 00:15:40.560 align:start position:0%
were just
 

00:15:40.560 --> 00:15:43.350 align:start position:0%
were just
like<00:15:40.720><c> good</c><00:15:40.880><c> at</c><00:15:41.120><c> what</c><00:15:41.279><c> they</c><00:15:42.399><c> did</c><00:15:42.720><c> in</c><00:15:42.880><c> terms</c><00:15:43.120><c> of</c>

00:15:43.350 --> 00:15:43.360 align:start position:0%
like good at what they did in terms of
 

00:15:43.360 --> 00:15:45.110 align:start position:0%
like good at what they did in terms of
politics.<00:15:43.760><c> Remember,</c><00:15:44.240><c> world</c><00:15:44.480><c> leaders</c><00:15:44.800><c> are</c>

00:15:45.110 --> 00:15:45.120 align:start position:0%
politics. Remember, world leaders are
 

00:15:45.120 --> 00:15:47.350 align:start position:0%
politics. Remember, world leaders are
politicians<00:15:46.320><c> in</c><00:15:46.639><c> general.</c><00:15:46.959><c> They're</c><00:15:47.199><c> not</c>

00:15:47.350 --> 00:15:47.360 align:start position:0%
politicians in general. They're not
 

00:15:47.360 --> 00:15:49.670 align:start position:0%
politicians in general. They're not
scientists.<00:15:48.000><c> They're</c><00:15:48.240><c> not</c><00:15:48.720><c> intellectuals.</c>

00:15:49.670 --> 00:15:49.680 align:start position:0%
scientists. They're not intellectuals.
 

00:15:49.680 --> 00:15:51.110 align:start position:0%
scientists. They're not intellectuals.
They're<00:15:49.920><c> not</c><00:15:50.079><c> great</c><00:15:50.399><c> thinkers.</c><00:15:50.880><c> They're</c>

00:15:51.110 --> 00:15:51.120 align:start position:0%
They're not great thinkers. They're
 

00:15:51.120 --> 00:15:53.350 align:start position:0%
They're not great thinkers. They're
great<00:15:51.279><c> politicians.</c><00:15:52.399><c> At</c><00:15:52.560><c> the</c><00:15:52.800><c> at</c><00:15:53.040><c> the</c><00:15:53.199><c> first</c>

00:15:53.350 --> 00:15:53.360 align:start position:0%
great politicians. At the at the first
 

00:15:53.360 --> 00:15:55.110 align:start position:0%
great politicians. At the at the first
Trilateral<00:15:54.000><c> Commission</c><00:15:54.399><c> meeting</c><00:15:54.639><c> that</c><00:15:54.880><c> you</c>

00:15:55.110 --> 00:15:55.120 align:start position:0%
Trilateral Commission meeting that you
 

00:15:55.120 --> 00:15:57.430 align:start position:0%
Trilateral Commission meeting that you
remember<00:15:55.440><c> in</c><00:15:55.680><c> Tokyo</c><00:15:56.160><c> in</c><00:15:56.720><c> sometime</c><00:15:57.120><c> in</c><00:15:57.279><c> the</c>

00:15:57.430 --> 00:15:57.440 align:start position:0%
remember in Tokyo in sometime in the
 

00:15:57.440 --> 00:15:59.990 align:start position:0%
remember in Tokyo in sometime in the
early<00:15:57.680><c> 90s.</c><00:15:58.560><c> Do</c><00:15:58.800><c> you</c><00:15:58.959><c> remember</c><00:15:59.360><c> what</c><00:15:59.600><c> were</c><00:15:59.839><c> the</c>

00:15:59.990 --> 00:16:00.000 align:start position:0%
early 90s. Do you remember what were the
 

00:16:00.000 --> 00:16:01.590 align:start position:0%
early 90s. Do you remember what were the
big<00:16:00.240><c> issues</c><00:16:00.560><c> of</c><00:16:00.720><c> the</c><00:16:00.880><c> day</c><00:16:01.040><c> that</c><00:16:01.199><c> they</c><00:16:01.440><c> were</c>

00:16:01.590 --> 00:16:01.600 align:start position:0%
big issues of the day that they were
 

00:16:01.600 --> 00:16:02.870 align:start position:0%
big issues of the day that they were
talking<00:16:01.759><c> about</c><00:16:02.000><c> and</c><00:16:02.240><c> what</c><00:16:02.399><c> did</c><00:16:02.560><c> you</c><00:16:02.720><c> think</c>

00:16:02.870 --> 00:16:02.880 align:start position:0%
talking about and what did you think
 

00:16:02.880 --> 00:16:04.790 align:start position:0%
talking about and what did you think
about<00:16:03.040><c> it?</c><00:16:03.360><c> Yeah.</c><00:16:03.759><c> In</c><00:16:03.920><c> fact,</c><00:16:04.240><c> it</c><00:16:04.480><c> was</c><00:16:04.639><c> funny</c>

00:16:04.790 --> 00:16:04.800 align:start position:0%
about it? Yeah. In fact, it was funny
 

00:16:04.800 --> 00:16:06.150 align:start position:0%
about it? Yeah. In fact, it was funny
because<00:16:05.120><c> they</c><00:16:05.279><c> they</c><00:16:05.519><c> were</c><00:16:05.680><c> talking</c><00:16:05.920><c> about</c>

00:16:06.150 --> 00:16:06.160 align:start position:0%
because they they were talking about
 

00:16:06.160 --> 00:16:08.710 align:start position:0%
because they they were talking about
inflation<00:16:07.519><c> and</c><00:16:07.839><c> they</c><00:16:08.000><c> were</c><00:16:08.160><c> worried</c><00:16:08.480><c> that</c>

00:16:08.710 --> 00:16:08.720 align:start position:0%
inflation and they were worried that
 

00:16:08.720 --> 00:16:10.949 align:start position:0%
inflation and they were worried that
what<00:16:08.959><c> would</c><00:16:09.199><c> happen</c><00:16:10.160><c> they</c><00:16:10.480><c> how</c><00:16:10.720><c> do</c><00:16:10.800><c> you</c>

00:16:10.949 --> 00:16:10.959 align:start position:0%
what would happen they how do you
 

00:16:10.959 --> 00:16:13.430 align:start position:0%
what would happen they how do you
control<00:16:11.360><c> inflation</c>

00:16:13.430 --> 00:16:13.440 align:start position:0%
control inflation
 

00:16:13.440 --> 00:16:15.829 align:start position:0%
control inflation
and<00:16:13.759><c> I</c><00:16:14.399><c> as</c><00:16:14.639><c> a</c><00:16:14.800><c> mathematician</c><00:16:15.440><c> I</c><00:16:15.680><c> didn't</c>

00:16:15.829 --> 00:16:15.839 align:start position:0%
and I as a mathematician I didn't
 

00:16:15.839 --> 00:16:17.110 align:start position:0%
and I as a mathematician I didn't
understand<00:16:16.079><c> the</c><00:16:16.320><c> concept</c><00:16:16.720><c> I</c><00:16:16.959><c> don't</c>

00:16:17.110 --> 00:16:17.120 align:start position:0%
understand the concept I don't
 

00:16:17.120 --> 00:16:19.749 align:start position:0%
understand the concept I don't
understand<00:16:17.360><c> the</c><00:16:17.600><c> concept</c><00:16:18.000><c> today</c>

00:16:19.749 --> 00:16:19.759 align:start position:0%
understand the concept today
 

00:16:19.759 --> 00:16:23.030 align:start position:0%
understand the concept today
you<00:16:20.079><c> how's</c><00:16:20.320><c> that</c><00:16:20.480><c> possible</c><00:16:21.920><c> well</c><00:16:22.639><c> when</c><00:16:22.800><c> you</c>

00:16:23.030 --> 00:16:23.040 align:start position:0%
you how's that possible well when you
 

00:16:23.040 --> 00:16:26.069 align:start position:0%
you how's that possible well when you
talk<00:16:23.279><c> about</c><00:16:23.920><c> most</c><00:16:24.240><c> things</c><00:16:24.480><c> to</c><00:16:24.720><c> do</c><00:16:24.880><c> with</c><00:16:25.120><c> money</c>

00:16:26.069 --> 00:16:26.079 align:start position:0%
talk about most things to do with money
 

00:16:26.079 --> 00:16:28.310 align:start position:0%
talk about most things to do with money
they<00:16:26.399><c> really</c><00:16:26.720><c> money</c><00:16:27.040><c> is</c><00:16:27.279><c> meant</c><00:16:27.440><c> to</c><00:16:27.600><c> be</c><00:16:27.759><c> local</c>

00:16:28.310 --> 00:16:28.320 align:start position:0%
they really money is meant to be local
 

00:16:28.320 --> 00:16:31.430 align:start position:0%
they really money is meant to be local
it's<00:16:28.959><c> US</c><00:16:29.360><c> dollars</c><00:16:30.399><c> then</c><00:16:30.639><c> I</c><00:16:30.880><c> understand</c><00:16:31.199><c> what</c>

00:16:31.430 --> 00:16:31.440 align:start position:0%
it's US dollars then I understand what
 

00:16:31.440 --> 00:16:33.590 align:start position:0%
it's US dollars then I understand what
it<00:16:31.600><c> means</c><00:16:31.920><c> if</c><00:16:32.160><c> inflation</c><00:16:32.639><c> it</c><00:16:32.800><c> means</c><00:16:32.959><c> My</c><00:16:33.279><c> dollar</c>

00:16:33.590 --> 00:16:33.600 align:start position:0%
it means if inflation it means My dollar
 

00:16:33.600 --> 00:16:35.590 align:start position:0%
it means if inflation it means My dollar
today

00:16:35.590 --> 00:16:35.600 align:start position:0%
today
 

00:16:35.600 --> 00:16:39.269 align:start position:0%
today
inflates<00:16:36.959><c> and</c><00:16:37.279><c> it</c><00:16:37.600><c> doesn't</c><00:16:37.920><c> buy</c><00:16:38.160><c> as</c><00:16:38.480><c> much</c><00:16:38.959><c> as</c>

00:16:39.269 --> 00:16:39.279 align:start position:0%
inflates and it doesn't buy as much as
 

00:16:39.279 --> 00:16:43.189 align:start position:0%
inflates and it doesn't buy as much as
it<00:16:39.600><c> did</c><00:16:40.320><c> a</c><00:16:40.560><c> couple</c><00:16:40.720><c> of</c><00:16:40.880><c> years</c><00:16:41.040><c> ago.</c><00:16:42.480><c> The</c><00:16:42.720><c> price</c>

00:16:43.189 --> 00:16:43.199 align:start position:0%
it did a couple of years ago. The price
 

00:16:43.199 --> 00:16:46.629 align:start position:0%
it did a couple of years ago. The price
the<00:16:43.519><c> prices</c><00:16:44.320><c> go</c><00:16:44.480><c> up.</c><00:16:44.959><c> I</c><00:16:45.199><c> don't</c><00:16:45.279><c> have</c><00:16:45.440><c> as</c><00:16:46.320><c> it</c>

00:16:46.629 --> 00:16:46.639 align:start position:0%
the prices go up. I don't have as it
 

00:16:46.639 --> 00:16:49.030 align:start position:0%
the prices go up. I don't have as it
seems<00:16:46.959><c> that</c><00:16:47.440><c> everything</c><00:16:47.839><c> is</c><00:16:48.079><c> great,</c><00:16:48.639><c> but</c><00:16:48.880><c> in</c>

00:16:49.030 --> 00:16:49.040 align:start position:0%
seems that everything is great, but in
 

00:16:49.040 --> 00:16:51.030 align:start position:0%
seems that everything is great, but in
fact<00:16:49.199><c> my</c><00:16:49.440><c> dollar</c><00:16:49.680><c> is</c><00:16:49.839><c> shrinking</c><00:16:50.160><c> in</c><00:16:50.399><c> value.</c>

00:16:51.030 --> 00:16:51.040 align:start position:0%
fact my dollar is shrinking in value.
 

00:16:51.040 --> 00:16:53.110 align:start position:0%
fact my dollar is shrinking in value.
&gt;&gt; If<00:16:51.360><c> if</c><00:16:51.600><c> you</c>

00:16:53.110 --> 00:16:53.120 align:start position:0%
&gt;&gt; If if you
 

00:16:53.120 --> 00:16:54.550 align:start position:0%
&gt;&gt; If if you
and<00:16:53.279><c> you're</c><00:16:53.519><c> the</c><00:16:53.680><c> financial</c><00:16:54.079><c> genius</c><00:16:54.399><c> here.</c>

00:16:54.550 --> 00:16:54.560 align:start position:0%
and you're the financial genius here.
 

00:16:54.560 --> 00:16:58.069 align:start position:0%
and you're the financial genius here.
I'm<00:16:54.720><c> just</c><00:16:54.800><c> a</c><00:16:54.959><c> I'm</c><00:16:55.199><c> just</c><00:16:55.279><c> a</c><00:16:55.519><c> lowly</c><00:16:56.160><c> M&amp;A</c><00:16:56.639><c> guy.</c>

00:16:58.069 --> 00:16:58.079 align:start position:0%
I'm just a I'm just a lowly M&amp;A guy.
 

00:16:58.079 --> 00:17:00.230 align:start position:0%
I'm just a I'm just a lowly M&amp;A guy.
&gt;&gt; Um<00:16:58.880><c> if</c><00:16:59.120><c> you</c><00:16:59.199><c> let</c><00:16:59.360><c> me</c><00:16:59.519><c> if</c><00:16:59.680><c> you</c><00:16:59.759><c> let</c><00:16:59.920><c> me</c><00:17:00.079><c> finish</c>

00:17:00.230 --> 00:17:00.240 align:start position:0%
&gt;&gt; Um if you let me if you let me finish
 

00:17:00.240 --> 00:17:02.550 align:start position:0%
&gt;&gt; Um if you let me if you let me finish
the<00:17:00.480><c> thought.</c><00:17:00.800><c> Go</c><00:17:00.959><c> ahead.</c><00:17:01.600><c> So</c><00:17:01.839><c> if</c><00:17:02.000><c> if</c><00:17:02.399><c> you're</c>

00:17:02.550 --> 00:17:02.560 align:start position:0%
the thought. Go ahead. So if if you're
 

00:17:02.560 --> 00:17:04.949 align:start position:0%
the thought. Go ahead. So if if you're
in<00:17:02.720><c> America,</c><00:17:03.680><c> you</c><00:17:03.839><c> start</c><00:17:04.000><c> to</c><00:17:04.319><c> you</c><00:17:04.559><c> can</c><00:17:04.720><c> feel</c>

00:17:04.949 --> 00:17:04.959 align:start position:0%
in America, you start to you can feel
 

00:17:04.959 --> 00:17:06.630 align:start position:0%
in America, you start to you can feel
inflation.<00:17:05.520><c> Your</c><00:17:05.760><c> salaries</c><00:17:06.160><c> gone</c><00:17:06.319><c> up,</c><00:17:06.480><c> but</c>

00:17:06.630 --> 00:17:06.640 align:start position:0%
inflation. Your salaries gone up, but
 

00:17:06.640 --> 00:17:08.870 align:start position:0%
inflation. Your salaries gone up, but
you<00:17:06.799><c> don't</c><00:17:06.880><c> buy</c><00:17:07.120><c> as</c><00:17:07.520><c> can't</c><00:17:07.760><c> buy</c><00:17:08.000><c> the</c><00:17:08.240><c> same</c><00:17:08.400><c> car.</c>

00:17:08.870 --> 00:17:08.880 align:start position:0%
you don't buy as can't buy the same car.
 

00:17:08.880 --> 00:17:10.789 align:start position:0%
you don't buy as can't buy the same car.
In<00:17:09.039><c> fact,</c><00:17:09.360><c> it</c><00:17:09.600><c> starts</c><00:17:09.839><c> to</c><00:17:10.000><c> feel</c><00:17:10.240><c> weird</c><00:17:10.559><c> because</c>

00:17:10.789 --> 00:17:10.799 align:start position:0%
In fact, it starts to feel weird because
 

00:17:10.799 --> 00:17:11.270 align:start position:0%
In fact, it starts to feel weird because
the<00:17:10.959><c> value</c>

00:17:11.270 --> 00:17:11.280 align:start position:0%
the value
 

00:17:11.280 --> 00:17:12.309 align:start position:0%
the value
&gt;&gt; this<00:17:11.520><c> I</c><00:17:11.600><c> wanted</c><00:17:11.679><c> to</c><00:17:11.839><c> answer</c><00:17:11.919><c> the</c><00:17:12.079><c> question</c>

00:17:12.309 --> 00:17:12.319 align:start position:0%
&gt;&gt; this I wanted to answer the question
 

00:17:12.319 --> 00:17:13.189 align:start position:0%
&gt;&gt; this I wanted to answer the question
then.<00:17:12.559><c> That's</c><00:17:12.799><c> my</c><00:17:12.959><c> point.</c>

00:17:13.189 --> 00:17:13.199 align:start position:0%
then. That's my point.
 

00:17:13.199 --> 00:17:13.669 align:start position:0%
then. That's my point.
&gt;&gt; Sure.

00:17:13.669 --> 00:17:13.679 align:start position:0%
&gt;&gt; Sure.
 

00:17:13.679 --> 00:17:15.510 align:start position:0%
&gt;&gt; Sure.
&gt;&gt; The<00:17:13.839><c> the</c><00:17:14.079><c> central</c><00:17:14.400><c> the</c><00:17:14.640><c> people</c><00:17:14.880><c> who</c><00:17:15.120><c> live</c><00:17:15.280><c> and</c>

00:17:15.510 --> 00:17:15.520 align:start position:0%
&gt;&gt; The the central the people who live and
 

00:17:15.520 --> 00:17:17.590 align:start position:0%
&gt;&gt; The the central the people who live and
breathe<00:17:15.760><c> this,</c><00:17:15.919><c> the</c><00:17:16.160><c> central</c><00:17:16.480><c> banks</c><00:17:17.360><c> have</c>

00:17:17.590 --> 00:17:17.600 align:start position:0%
breathe this, the central banks have
 

00:17:17.600 --> 00:17:20.230 align:start position:0%
breathe this, the central banks have
been<00:17:17.760><c> haunted</c><00:17:18.160><c> by</c><00:17:18.319><c> the</c><00:17:18.559><c> spectre</c><00:17:19.520><c> of</c><00:17:19.760><c> inflation</c>

00:17:20.230 --> 00:17:20.240 align:start position:0%
been haunted by the spectre of inflation
 

00:17:20.240 --> 00:17:21.590 align:start position:0%
been haunted by the spectre of inflation
since<00:17:20.480><c> the</c><00:17:20.640><c> late</c><00:17:20.959><c> 70s.</c>

00:17:21.590 --> 00:17:21.600 align:start position:0%
since the late 70s.
 

00:17:21.600 --> 00:17:22.789 align:start position:0%
since the late 70s.
&gt;&gt; Yes.

00:17:22.789 --> 00:17:22.799 align:start position:0%
&gt;&gt; Yes.
 

00:17:22.799 --> 00:17:24.390 align:start position:0%
&gt;&gt; Yes.
&gt;&gt; First<00:17:22.959><c> off,</c><00:17:23.280><c> tell</c><00:17:23.439><c> our</c><00:17:23.679><c> audience</c><00:17:24.079><c> how</c><00:17:24.240><c> did</c>

00:17:24.390 --> 00:17:24.400 align:start position:0%
&gt;&gt; First off, tell our audience how did
 

00:17:24.400 --> 00:17:28.150 align:start position:0%
&gt;&gt; First off, tell our audience how did
that<00:17:24.559><c> happen?</c><00:17:24.880><c> The</c><00:17:25.120><c> two</c><00:17:25.280><c> great</c><00:17:26.559><c> uh</c><00:17:27.679><c> the</c><00:17:27.919><c> two</c>

00:17:28.150 --> 00:17:28.160 align:start position:0%
that happen? The two great uh the two
 

00:17:28.160 --> 00:17:31.430 align:start position:0%
that happen? The two great uh the two
great<00:17:28.480><c> financial</c><00:17:28.960><c> events</c>

00:17:31.430 --> 00:17:31.440 align:start position:0%
great financial events
 

00:17:31.440 --> 00:17:33.110 align:start position:0%
great financial events
in<00:17:31.760><c> the</c><00:17:31.919><c> 20th</c><00:17:32.320><c> century,</c><00:17:32.640><c> I'm</c><00:17:32.799><c> not</c><00:17:32.960><c> going</c><00:17:33.039><c> to</c>

00:17:33.110 --> 00:17:33.120 align:start position:0%
in the 20th century, I'm not going to
 

00:17:33.120 --> 00:17:36.390 align:start position:0%
in the 20th century, I'm not going to
get<00:17:33.200><c> to</c><00:17:33.280><c> the</c><00:17:33.440><c> 21st,</c><00:17:34.240><c> were</c><00:17:34.559><c> the</c><00:17:34.720><c> the</c><00:17:34.799><c> the</c><00:17:35.039><c> the</c><00:17:36.000><c> um</c>

00:17:36.390 --> 00:17:36.400 align:start position:0%
get to the 21st, were the the the the um
 

00:17:36.400 --> 00:17:38.950 align:start position:0%
get to the 21st, were the the the the um
the<00:17:36.640><c> great</c><00:17:36.880><c> inflation</c><00:17:37.840><c> in</c><00:17:38.160><c> Europe</c><00:17:38.559><c> after</c>

00:17:38.950 --> 00:17:38.960 align:start position:0%
the great inflation in Europe after
 

00:17:38.960 --> 00:17:41.190 align:start position:0%
the great inflation in Europe after
World<00:17:39.120><c> War</c><00:17:39.360><c> I,</c><00:17:39.840><c> the</c><00:17:40.080><c> the</c><00:17:40.320><c> Great</c><00:17:40.559><c> Depression,</c>

00:17:41.190 --> 00:17:41.200 align:start position:0%
World War I, the the Great Depression,
 

00:17:41.200 --> 00:17:43.590 align:start position:0%
World War I, the the Great Depression,
the<00:17:41.760><c> hyperinflation</c><00:17:42.400><c> in</c><00:17:42.640><c> Germany</c><00:17:43.120><c> that</c><00:17:43.360><c> led</c>

00:17:43.590 --> 00:17:43.600 align:start position:0%
the hyperinflation in Germany that led
 

00:17:43.600 --> 00:17:45.510 align:start position:0%
the hyperinflation in Germany that led
to<00:17:43.679><c> the</c><00:17:43.840><c> rise</c><00:17:44.000><c> of</c><00:17:44.160><c> Hitler,</c><00:17:44.880><c> and</c><00:17:45.039><c> then</c><00:17:45.280><c> this</c>

00:17:45.510 --> 00:17:45.520 align:start position:0%
to the rise of Hitler, and then this
 

00:17:45.520 --> 00:17:48.870 align:start position:0%
to the rise of Hitler, and then this
inflation<00:17:46.000><c> in</c><00:17:46.160><c> the</c><00:17:46.320><c> mid70s.</c><00:17:47.679><c> What</c><00:17:47.919><c> was</c><00:17:48.640><c> before</c>

00:17:48.870 --> 00:17:48.880 align:start position:0%
inflation in the mid70s. What was before
 

00:17:48.880 --> 00:17:50.710 align:start position:0%
inflation in the mid70s. What was before
you<00:17:48.960><c> go</c><00:17:49.280><c> explain</c><00:17:49.520><c> inflation?</c><00:17:50.000><c> Why</c><00:17:50.160><c> is</c><00:17:50.400><c> why</c><00:17:50.640><c> is</c>

00:17:50.710 --> 00:17:50.720 align:start position:0%
you go explain inflation? Why is why is
 

00:17:50.720 --> 00:17:53.430 align:start position:0%
you go explain inflation? Why is why is
a<00:17:50.960><c> spectre</c><00:17:51.360><c> of</c><00:17:51.520><c> inflation</c><00:17:52.799><c> always</c><00:17:53.120><c> the</c>

00:17:53.430 --> 00:17:53.440 align:start position:0%
a spectre of inflation always the
 

00:17:53.440 --> 00:17:56.950 align:start position:0%
a spectre of inflation always the
central<00:17:53.760><c> thing</c><00:17:54.080><c> in</c><00:17:54.480><c> central</c><00:17:54.799><c> bankers</c><00:17:55.440><c> minds</c>

00:17:56.950 --> 00:17:56.960 align:start position:0%
central thing in central bankers minds
 

00:17:56.960 --> 00:17:58.870 align:start position:0%
central thing in central bankers minds
&gt;&gt; because<00:17:57.360><c> it</c><00:17:57.600><c> goes</c><00:17:57.760><c> back</c><00:17:57.919><c> to</c><00:17:58.160><c> this</c><00:17:58.400><c> the</c><00:17:58.640><c> first</c>

00:17:58.870 --> 00:17:58.880 align:start position:0%
&gt;&gt; because it goes back to this the first
 

00:17:58.880 --> 00:18:00.549 align:start position:0%
&gt;&gt; because it goes back to this the first
concept<00:17:59.280><c> I</c><00:17:59.440><c> said</c><00:17:59.600><c> the</c><00:17:59.760><c> weird</c><00:18:00.080><c> concept</c><00:18:00.400><c> of</c>

00:18:00.549 --> 00:18:00.559 align:start position:0%
concept I said the weird concept of
 

00:18:00.559 --> 00:18:03.110 align:start position:0%
concept I said the weird concept of
fractionalized<00:18:01.440><c> reserves.</c>

00:18:03.110 --> 00:18:03.120 align:start position:0%
fractionalized reserves.
 

00:18:03.120 --> 00:18:06.470 align:start position:0%
fractionalized reserves.
The<00:18:03.440><c> system</c><00:18:04.080><c> is</c><00:18:04.400><c> not</c><00:18:04.640><c> well</c><00:18:05.039><c> understood</c><00:18:06.240><c> and</c>

00:18:06.470 --> 00:18:06.480 align:start position:0%
The system is not well understood and
 

00:18:06.480 --> 00:18:08.549 align:start position:0%
The system is not well understood and
will<00:18:07.039><c> most</c><00:18:07.440><c> systems</c><00:18:07.840><c> in</c><00:18:08.000><c> fact</c><00:18:08.080><c> are</c><00:18:08.320><c> not</c><00:18:08.400><c> well</c>

00:18:08.549 --> 00:18:08.559 align:start position:0%
will most systems in fact are not well
 

00:18:08.559 --> 00:18:09.590 align:start position:0%
will most systems in fact are not well
understood.<00:18:08.960><c> We</c><00:18:09.120><c> don't</c><00:18:09.200><c> know</c><00:18:09.280><c> how</c><00:18:09.440><c> our</c>

00:18:09.590 --> 00:18:09.600 align:start position:0%
understood. We don't know how our
 

00:18:09.600 --> 00:18:10.549 align:start position:0%
understood. We don't know how our
digestive<00:18:10.080><c> system</c>

00:18:10.549 --> 00:18:10.559 align:start position:0%
digestive system
 

00:18:10.559 --> 00:18:13.190 align:start position:0%
digestive system
&gt;&gt; stop<00:18:10.799><c> this</c><00:18:10.960><c> is</c><00:18:11.840><c> this</c><00:18:12.000><c> impossible.</c><00:18:12.480><c> The</c><00:18:12.640><c> most</c>

00:18:13.190 --> 00:18:13.200 align:start position:0%
&gt;&gt; stop this is this impossible. The most
 

00:18:13.200 --> 00:18:15.430 align:start position:0%
&gt;&gt; stop this is this impossible. The most
the<00:18:13.440><c> most</c><00:18:13.760><c> the</c><00:18:14.000><c> the</c><00:18:14.400><c> world</c><00:18:14.720><c> banking</c><00:18:15.120><c> system,</c>

00:18:15.430 --> 00:18:15.440 align:start position:0%
the most the the world banking system,
 

00:18:15.440 --> 00:18:17.029 align:start position:0%
the most the the world banking system,
the<00:18:15.600><c> world</c><00:18:15.840><c> currency</c><00:18:16.240><c> system,</c><00:18:16.559><c> the</c><00:18:16.720><c> world</c>

00:18:17.029 --> 00:18:17.039 align:start position:0%
the world currency system, the world
 

00:18:17.039 --> 00:18:19.990 align:start position:0%
the world currency system, the world
monetary<00:18:17.520><c> system</c><00:18:18.320><c> has</c><00:18:18.640><c> to</c><00:18:18.799><c> be</c><00:18:19.360><c> so</c><00:18:19.760><c> well</c>

00:18:19.990 --> 00:18:20.000 align:start position:0%
monetary system has to be so well
 

00:18:20.000 --> 00:18:22.789 align:start position:0%
monetary system has to be so well
understood<00:18:21.120><c> by</c><00:18:21.600><c> the</c><00:18:21.919><c> green</c><00:18:22.160><c> spans</c><00:18:22.559><c> of</c><00:18:22.720><c> the</c>

00:18:22.789 --> 00:18:22.799 align:start position:0%
understood by the green spans of the
 

00:18:22.799 --> 00:18:24.710 align:start position:0%
understood by the green spans of the
world<00:18:22.960><c> and</c><00:18:23.200><c> the</c><00:18:23.360><c> Bernani</c><00:18:24.000><c> of</c><00:18:24.080><c> the</c><00:18:24.240><c> world</c><00:18:24.400><c> and</c>

00:18:24.710 --> 00:18:24.720 align:start position:0%
world and the Bernani of the world and
 

00:18:24.720 --> 00:18:28.710 align:start position:0%
world and the Bernani of the world and
the<00:18:24.960><c> and</c><00:18:25.200><c> the</c><00:18:26.000><c> and</c><00:18:26.320><c> you</c><00:18:26.960><c> uh</c><00:18:27.120><c> right</c><00:18:27.840><c> the</c><00:18:27.840><c> the</c>

00:18:28.710 --> 00:18:28.720 align:start position:0%
the and the and you uh right the the
 

00:18:28.720 --> 00:18:31.669 align:start position:0%
the and the and you uh right the the
currency<00:18:29.120><c> traders,</c><00:18:30.000><c> the</c><00:18:30.160><c> the</c><00:18:30.240><c> the</c><00:18:30.480><c> the</c><00:18:31.360><c> guys</c>

00:18:31.669 --> 00:18:31.679 align:start position:0%
currency traders, the the the the guys
 

00:18:31.679 --> 00:18:34.310 align:start position:0%
currency traders, the the the the guys
making<00:18:32.480><c> billion</c><00:18:32.880><c> dollar</c><00:18:33.120><c> bets</c><00:18:33.440><c> every</c><00:18:33.760><c> day,</c>

00:18:34.310 --> 00:18:34.320 align:start position:0%
making billion dollar bets every day,
 

00:18:34.320 --> 00:18:36.230 align:start position:0%
making billion dollar bets every day,
the<00:18:34.480><c> the</c><00:18:34.799><c> legendary</c><00:18:35.280><c> guy</c><00:18:35.440><c> on</c><00:18:35.679><c> Wall</c><00:18:35.840><c> Street</c><00:18:36.160><c> in</c>

00:18:36.230 --> 00:18:36.240 align:start position:0%
the the legendary guy on Wall Street in
 

00:18:36.240 --> 00:18:39.430 align:start position:0%
the the legendary guy on Wall Street in
the<00:18:36.400><c> late</c><00:18:37.039><c> 90s,</c><00:18:37.919><c> Solomon</c><00:18:38.240><c> Brothers,</c><00:18:38.880><c> um</c>

00:18:39.430 --> 00:18:39.440 align:start position:0%
the late 90s, Solomon Brothers, um
 

00:18:39.440 --> 00:18:42.870 align:start position:0%
the late 90s, Solomon Brothers, um
&gt;&gt; Liveri,<00:18:40.480><c> no</c><00:18:41.120><c> the</c><00:18:41.280><c> guy</c><00:18:41.440><c> that</c><00:18:41.600><c> wrote</c><00:18:42.080><c> Money</c><00:18:42.559><c> uh</c>

00:18:42.870 --> 00:18:42.880 align:start position:0%
&gt;&gt; Liveri, no the guy that wrote Money uh
 

00:18:42.880 --> 00:18:45.190 align:start position:0%
&gt;&gt; Liveri, no the guy that wrote Money uh
&gt;&gt; Michael<00:18:43.280><c> Wes</c><00:18:44.559><c> Poker.</c>

00:18:45.190 --> 00:18:45.200 align:start position:0%
&gt;&gt; Michael Wes Poker.
 

00:18:45.200 --> 00:18:46.950 align:start position:0%
&gt;&gt; Michael Wes Poker.
&gt;&gt; Yeah,<00:18:45.600><c> Lars</c><00:18:45.919><c> Poker.</c><00:18:46.240><c> Who's</c><00:18:46.400><c> that</c><00:18:46.559><c> about</c><00:18:46.720><c> that</c>

00:18:46.950 --> 00:18:46.960 align:start position:0%
&gt;&gt; Yeah, Lars Poker. Who's that about that
 

00:18:46.960 --> 00:18:47.669 align:start position:0%
&gt;&gt; Yeah, Lars Poker. Who's that about that
great<00:18:47.120><c> trader?</c>

00:18:47.669 --> 00:18:47.679 align:start position:0%
great trader?
 

00:18:47.679 --> 00:18:48.470 align:start position:0%
great trader?
&gt;&gt; L<00:18:47.919><c> Reeri.</c>

00:18:48.470 --> 00:18:48.480 align:start position:0%
&gt;&gt; L Reeri.
 

00:18:48.480 --> 00:18:50.870 align:start position:0%
&gt;&gt; L Reeri.
&gt;&gt; No,<00:18:49.280><c> the</c><00:18:49.520><c> guy</c><00:18:49.679><c> that</c><00:18:49.919><c> ran</c><00:18:50.160><c> the</c><00:18:50.320><c> desk</c><00:18:50.640><c> that</c>

00:18:50.870 --> 00:18:50.880 align:start position:0%
&gt;&gt; No, the guy that ran the desk that
 

00:18:50.880 --> 00:18:53.029 align:start position:0%
&gt;&gt; No, the guy that ran the desk that
eventually<00:18:51.280><c> ran</c><00:18:51.600><c> the</c><00:18:51.760><c> the</c><00:18:51.840><c> the</c><00:18:52.640><c> hedge</c><00:18:52.880><c> fund</c>

00:18:53.029 --> 00:18:53.039 align:start position:0%
eventually ran the the the hedge fund
 

00:18:53.039 --> 00:18:55.029 align:start position:0%
eventually ran the the the hedge fund
that<00:18:53.280><c> went</c><00:18:53.840><c> long-term</c><00:18:54.320><c> capital.</c>

00:18:55.029 --> 00:18:55.039 align:start position:0%
that went long-term capital.
 

00:18:55.039 --> 00:18:56.390 align:start position:0%
that went long-term capital.
&gt;&gt; Ah,<00:18:55.280><c> yes.</c><00:18:55.600><c> I</c><00:18:55.840><c> don't</c><00:18:55.919><c> remember.</c>

00:18:56.390 --> 00:18:56.400 align:start position:0%
&gt;&gt; Ah, yes. I don't remember.
 

00:18:56.400 --> 00:18:57.430 align:start position:0%
&gt;&gt; Ah, yes. I don't remember.
&gt;&gt; Who's<00:18:56.720><c> the</c><00:18:56.880><c> guy?</c>

00:18:57.430 --> 00:18:57.440 align:start position:0%
&gt;&gt; Who's the guy?
 

00:18:57.440 --> 00:18:58.870 align:start position:0%
&gt;&gt; Who's the guy?
&gt;&gt; I<00:18:57.600><c> want</c><00:18:57.679><c> to</c><00:18:57.840><c> say</c><00:18:58.080><c> I</c><00:18:58.320><c> don't</c><00:18:58.400><c> remember.</c><00:18:58.720><c> I'm</c>

00:18:58.870 --> 00:18:58.880 align:start position:0%
&gt;&gt; I want to say I don't remember. I'm
 

00:18:58.880 --> 00:18:59.430 align:start position:0%
&gt;&gt; I want to say I don't remember. I'm
sorry.

00:18:59.430 --> 00:18:59.440 align:start position:0%
sorry.
 

00:18:59.440 --> 00:19:01.270 align:start position:0%
sorry.
&gt;&gt; Luner<00:19:00.000><c> is</c><00:19:00.080><c> big.</c><00:19:00.320><c> But</c><00:19:00.480><c> those</c><00:19:00.720><c> guys</c><00:19:00.960><c> have</c><00:19:01.120><c> to</c>

00:19:01.270 --> 00:19:01.280 align:start position:0%
&gt;&gt; Luner is big. But those guys have to
 

00:19:01.280 --> 00:19:02.549 align:start position:0%
&gt;&gt; Luner is big. But those guys have to
understand<00:19:01.520><c> the</c><00:19:01.679><c> system</c><00:19:01.919><c> perfectly.</c>

00:19:02.549 --> 00:19:02.559 align:start position:0%
understand the system perfectly.
 

00:19:02.559 --> 00:19:04.230 align:start position:0%
understand the system perfectly.
&gt;&gt; No,<00:19:02.799><c> they</c><00:19:03.039><c> don't</c><00:19:03.200><c> understand</c><00:19:03.440><c> the</c><00:19:03.760><c> system.</c>

00:19:04.230 --> 00:19:04.240 align:start position:0%
&gt;&gt; No, they don't understand the system.
 

00:19:04.240 --> 00:19:06.150 align:start position:0%
&gt;&gt; No, they don't understand the system.
They<00:19:04.559><c> understand</c><00:19:04.880><c> the</c><00:19:05.120><c> local</c><00:19:05.520><c> part</c><00:19:05.760><c> of</c><00:19:06.000><c> the</c>

00:19:06.150 --> 00:19:06.160 align:start position:0%
They understand the local part of the
 

00:19:06.160 --> 00:19:08.870 align:start position:0%
They understand the local part of the
system.<00:19:06.960><c> So</c><00:19:07.280><c> for</c><00:19:07.360><c> example,</c><00:19:07.919><c> why</c><00:19:08.160><c> is</c><00:19:08.400><c> not</c><00:19:08.640><c> only</c>

00:19:08.870 --> 00:19:08.880 align:start position:0%
system. So for example, why is not only
 

00:19:08.880 --> 00:19:11.750 align:start position:0%
system. So for example, why is not only
inflation<00:19:09.760><c> most</c><00:19:10.080><c> bankers</c><00:19:10.480><c> are</c><00:19:10.640><c> terrified</c><00:19:11.360><c> to</c>

00:19:11.750 --> 00:19:11.760 align:start position:0%
inflation most bankers are terrified to
 

00:19:11.760 --> 00:19:14.230 align:start position:0%
inflation most bankers are terrified to
if<00:19:12.240><c> the</c><00:19:12.559><c> public</c><00:19:12.880><c> understood</c><00:19:13.280><c> that</c><00:19:13.520><c> the</c><00:19:13.760><c> bank</c>

00:19:14.230 --> 00:19:14.240 align:start position:0%
if the public understood that the bank
 

00:19:14.240 --> 00:19:17.750 align:start position:0%
if the public understood that the bank
really<00:19:14.640><c> doesn't</c><00:19:15.039><c> have</c><00:19:15.760><c> their</c><00:19:16.160><c> money</c><00:19:17.200><c> at</c><00:19:17.520><c> any</c>

00:19:17.750 --> 00:19:17.760 align:start position:0%
really doesn't have their money at any
 

00:19:17.760 --> 00:19:19.990 align:start position:0%
really doesn't have their money at any
one<00:19:18.000><c> time.</c><00:19:18.799><c> There's</c><00:19:19.520><c> one</c><00:19:19.679><c> of</c><00:19:19.760><c> the</c><00:19:19.840><c> things</c>

00:19:19.990 --> 00:19:20.000 align:start position:0%
one time. There's one of the things
 

00:19:20.000 --> 00:19:21.350 align:start position:0%
one time. There's one of the things
during<00:19:20.240><c> the</c><00:19:20.320><c> depression</c><00:19:20.559><c> there</c><00:19:20.720><c> were</c><00:19:20.880><c> runs</c><00:19:21.200><c> on</c>

00:19:21.350 --> 00:19:21.360 align:start position:0%
during the depression there were runs on
 

00:19:21.360 --> 00:19:23.750 align:start position:0%
during the depression there were runs on
the<00:19:21.520><c> bank.</c><00:19:22.559><c> The</c><00:19:22.799><c> reason</c><00:19:22.960><c> the</c><00:19:23.200><c> banks</c><00:19:23.520><c> don't</c>

00:19:23.750 --> 00:19:23.760 align:start position:0%
the bank. The reason the banks don't
 

00:19:23.760 --> 00:19:26.390 align:start position:0%
the bank. The reason the banks don't
keep<00:19:23.919><c> much</c><00:19:24.240><c> money</c><00:19:25.200><c> in</c><00:19:25.520><c> the</c><00:19:25.679><c> actual</c><00:19:26.000><c> bank</c><00:19:26.160><c> is</c>

00:19:26.390 --> 00:19:26.400 align:start position:0%
keep much money in the actual bank is
 

00:19:26.400 --> 00:19:28.150 align:start position:0%
keep much money in the actual bank is
they<00:19:26.559><c> assume</c><00:19:26.799><c> that</c><00:19:27.200><c> not</c><00:19:27.520><c> everyone's</c><00:19:28.000><c> going</c><00:19:28.080><c> to</c>

00:19:28.150 --> 00:19:28.160 align:start position:0%
they assume that not everyone's going to
 

00:19:28.160 --> 00:19:30.549 align:start position:0%
they assume that not everyone's going to
want<00:19:28.400><c> their</c><00:19:28.559><c> money</c><00:19:28.799><c> on</c><00:19:28.960><c> the</c><00:19:29.120><c> same</c><00:19:29.280><c> day.</c><00:19:30.160><c> So</c>

00:19:30.549 --> 00:19:30.559 align:start position:0%
want their money on the same day. So
 

00:19:30.559 --> 00:19:32.390 align:start position:0%
want their money on the same day. So
that's<00:19:30.880><c> not</c><00:19:31.120><c> really</c><00:19:31.280><c> the</c><00:19:31.520><c> fear</c><00:19:31.679><c> of</c><00:19:31.840><c> inflation.</c>

00:19:32.390 --> 00:19:32.400 align:start position:0%
that's not really the fear of inflation.
 

00:19:32.400 --> 00:19:35.029 align:start position:0%
that's not really the fear of inflation.
The<00:19:32.559><c> fear</c><00:19:32.720><c> is</c><00:19:33.200><c> a</c><00:19:33.520><c> run</c><00:19:33.760><c> on</c><00:19:34.000><c> the</c><00:19:34.160><c> bank.</c><00:19:34.480><c> Everybody</c>

00:19:35.029 --> 00:19:35.039 align:start position:0%
The fear is a run on the bank. Everybody
 

00:19:35.039 --> 00:19:36.789 align:start position:0%
The fear is a run on the bank. Everybody
wants<00:19:35.280><c> to</c><00:19:35.440><c> take</c><00:19:35.600><c> out</c><00:19:36.000><c> something</c><00:19:36.240><c> that</c><00:19:36.559><c> doesn't</c>

00:19:36.789 --> 00:19:36.799 align:start position:0%
wants to take out something that doesn't
 

00:19:36.799 --> 00:19:39.510 align:start position:0%
wants to take out something that doesn't
really<00:19:37.440><c> exist.</c>

00:19:39.510 --> 00:19:39.520 align:start position:0%
really exist.
 

00:19:39.520 --> 00:19:42.470 align:start position:0%
really exist.
Inflation<00:19:40.720><c> is</c><00:19:41.200><c> tied</c><00:19:41.520><c> to</c><00:19:41.760><c> interest</c><00:19:42.080><c> rates.</c>

00:19:42.470 --> 00:19:42.480 align:start position:0%
Inflation is tied to interest rates.
 

00:19:42.480 --> 00:19:45.590 align:start position:0%
Inflation is tied to interest rates.
It's<00:19:42.640><c> a</c><00:19:42.880><c> more</c><00:19:43.039><c> complicated</c><00:19:43.679><c> example.</c><00:19:45.120><c> But</c>

00:19:45.590 --> 00:19:45.600 align:start position:0%
It's a more complicated example. But
 

00:19:45.600 --> 00:19:48.150 align:start position:0%
It's a more complicated example. But
when<00:19:46.000><c> your</c><00:19:46.320><c> money</c><00:19:46.880><c> doesn't</c><00:19:47.280><c> buy</c><00:19:47.600><c> the</c><00:19:47.919><c> same</c>

00:19:48.150 --> 00:19:48.160 align:start position:0%
when your money doesn't buy the same
 

00:19:48.160 --> 00:19:50.549 align:start position:0%
when your money doesn't buy the same
amount<00:19:48.400><c> of</c><00:19:48.720><c> product</c><00:19:49.600><c> this</c><00:19:49.919><c> year</c><00:19:50.080><c> that</c><00:19:50.240><c> it</c><00:19:50.400><c> did</c>

00:19:50.549 --> 00:19:50.559 align:start position:0%
amount of product this year that it did
 

00:19:50.559 --> 00:19:52.150 align:start position:0%
amount of product this year that it did
last<00:19:50.720><c> year,</c><00:19:50.880><c> if</c><00:19:51.039><c> it</c><00:19:51.120><c> buys</c><00:19:51.360><c> less</c><00:19:51.600><c> and</c><00:19:51.760><c> less</c><00:19:52.000><c> like</c>

00:19:52.150 --> 00:19:52.160 align:start position:0%
last year, if it buys less and less like
 

00:19:52.160 --> 00:19:53.350 align:start position:0%
last year, if it buys less and less like
it<00:19:52.400><c> happened,</c><00:19:52.640><c> you</c><00:19:52.880><c> use</c><00:19:53.039><c> the</c><00:19:53.200><c> term</c>

00:19:53.350 --> 00:19:53.360 align:start position:0%
it happened, you use the term
 

00:19:53.360 --> 00:19:55.350 align:start position:0%
it happened, you use the term
hyperinflation.

00:19:55.350 --> 00:19:55.360 align:start position:0%
hyperinflation.
 

00:19:55.360 --> 00:19:57.669 align:start position:0%
hyperinflation.
There's<00:19:55.840><c> h</c><00:19:56.400><c> certain</c><00:19:56.799><c> countries</c><00:19:57.039><c> that</c><00:19:57.280><c> are</c><00:19:57.440><c> not</c>

00:19:57.669 --> 00:19:57.679 align:start position:0%
There's h certain countries that are not
 

00:19:57.679 --> 00:19:59.510 align:start position:0%
There's h certain countries that are not
managed<00:19:58.000><c> well</c><00:19:58.320><c> like</c><00:19:58.480><c> in</c><00:19:58.799><c> Africa</c><00:19:59.120><c> at</c><00:19:59.360><c> the</c>

00:19:59.510 --> 00:19:59.520 align:start position:0%
managed well like in Africa at the
 

00:19:59.520 --> 00:20:02.310 align:start position:0%
managed well like in Africa at the
current<00:20:00.400><c> a$undred</c>

00:20:02.310 --> 00:20:02.320 align:start position:0%
current a$undred
 

00:20:02.320 --> 00:20:05.430 align:start position:0%
current a$undred
billion<00:20:03.200><c> dollar</c><00:20:03.919><c> bill</c><00:20:04.559><c> a</c><00:20:04.640><c> hundred</c><00:20:05.039><c> billion</c>

00:20:05.430 --> 00:20:05.440 align:start position:0%
billion dollar bill a hundred billion
 

00:20:05.440 --> 00:20:07.909 align:start position:0%
billion dollar bill a hundred billion
dollar<00:20:05.760><c> bill</c><00:20:06.080><c> in</c><00:20:06.320><c> Zimbabwe</c>

00:20:07.909 --> 00:20:07.919 align:start position:0%
dollar bill in Zimbabwe
 

00:20:07.919 --> 00:20:11.990 align:start position:0%
dollar bill in Zimbabwe
is<00:20:08.240><c> worth</c><00:20:09.039><c> one</c><00:20:09.440><c> American</c><00:20:09.919><c> cent</c>

00:20:11.990 --> 00:20:12.000 align:start position:0%
is worth one American cent
 

00:20:12.000 --> 00:20:13.909 align:start position:0%
is worth one American cent
that's<00:20:12.240><c> the</c><00:20:12.480><c> perfect</c><00:20:12.799><c> example</c><00:20:13.679><c> of</c>

00:20:13.909 --> 00:20:13.919 align:start position:0%
that's the perfect example of
 

00:20:13.919 --> 00:20:15.590 align:start position:0%
that's the perfect example of
hyperinflation

00:20:15.590 --> 00:20:15.600 align:start position:0%
hyperinflation
 

00:20:15.600 --> 00:20:19.110 align:start position:0%
hyperinflation
it<00:20:15.760><c> goes</c><00:20:16.000><c> up</c><00:20:16.559><c> it</c><00:20:16.799><c> doubles</c><00:20:17.280><c> every</c><00:20:17.520><c> day</c><00:20:18.799><c> so</c>

00:20:19.110 --> 00:20:19.120 align:start position:0%
it goes up it doubles every day so
 

00:20:19.120 --> 00:20:20.950 align:start position:0%
it goes up it doubles every day so
people<00:20:19.360><c> are</c><00:20:19.600><c> afraid</c><00:20:19.919><c> that</c><00:20:20.160><c> their</c><00:20:20.400><c> value</c><00:20:20.720><c> and</c>

00:20:20.950 --> 00:20:20.960 align:start position:0%
people are afraid that their value and
 

00:20:20.960 --> 00:20:24.230 align:start position:0%
people are afraid that their value and
the<00:20:21.200><c> system</c><00:20:21.760><c> starts</c><00:20:22.080><c> to</c><00:20:22.320><c> break</c><00:20:22.559><c> down</c><00:20:23.840><c> but</c><00:20:24.080><c> so</c>

00:20:24.230 --> 00:20:24.240 align:start position:0%
the system starts to break down but so
 

00:20:24.240 --> 00:20:27.350 align:start position:0%
the system starts to break down but so
if<00:20:24.400><c> I</c><00:20:24.640><c> said</c><00:20:24.799><c> to</c><00:20:24.960><c> you</c><00:20:25.200><c> does</c><00:20:25.440><c> your</c><00:20:25.760><c> doctor</c><00:20:26.960><c> you</c>

00:20:27.350 --> 00:20:27.360 align:start position:0%
if I said to you does your doctor you
 

00:20:27.360 --> 00:20:31.830 align:start position:0%
if I said to you does your doctor you
understand<00:20:27.919><c> your</c><00:20:28.960><c> body</c><00:20:29.440><c> system?</c>

00:20:31.830 --> 00:20:31.840 align:start position:0%
understand your body system?
 

00:20:31.840 --> 00:20:33.430 align:start position:0%
understand your body system?
You'd<00:20:32.080><c> say,</c><00:20:32.159><c> "Well,</c><00:20:32.400><c> I</c><00:20:32.559><c> hope</c><00:20:32.720><c> so</c><00:20:32.880><c> because</c><00:20:33.280><c> I</c>

00:20:33.430 --> 00:20:33.440 align:start position:0%
You'd say, "Well, I hope so because I
 

00:20:33.440 --> 00:20:35.750 align:start position:0%
You'd say, "Well, I hope so because I
want<00:20:33.600><c> him</c><00:20:33.679><c> to</c><00:20:33.840><c> keep</c><00:20:33.919><c> me</c><00:20:34.080><c> healthy."</c>

00:20:35.750 --> 00:20:35.760 align:start position:0%
want him to keep me healthy."
 

00:20:35.760 --> 00:20:38.230 align:start position:0%
want him to keep me healthy."
But<00:20:36.080><c> you</c><00:20:36.320><c> could</c><00:20:36.960><c> have</c><00:20:37.120><c> a</c><00:20:37.360><c> kidney</c><00:20:37.760><c> infection.</c>

00:20:38.230 --> 00:20:38.240 align:start position:0%
But you could have a kidney infection.
 

00:20:38.240 --> 00:20:39.590 align:start position:0%
But you could have a kidney infection.
You<00:20:38.400><c> could</c><00:20:38.559><c> have</c><00:20:38.640><c> a</c><00:20:38.799><c> heart</c><00:20:38.960><c> attack.</c><00:20:39.360><c> You</c><00:20:39.440><c> could</c>

00:20:39.590 --> 00:20:39.600 align:start position:0%
You could have a heart attack. You could
 

00:20:39.600 --> 00:20:41.190 align:start position:0%
You could have a heart attack. You could
have<00:20:39.679><c> a</c><00:20:39.840><c> broken</c><00:20:40.080><c> knee.</c><00:20:40.559><c> There's</c><00:20:40.799><c> lots</c><00:20:41.039><c> of</c>

00:20:41.190 --> 00:20:41.200 align:start position:0%
have a broken knee. There's lots of
 

00:20:41.200 --> 00:20:43.990 align:start position:0%
have a broken knee. There's lots of
pieces<00:20:41.600><c> of</c><00:20:41.760><c> this</c><00:20:42.080><c> system.</c><00:20:42.720><c> And</c><00:20:42.880><c> in</c><00:20:43.120><c> fact,</c><00:20:43.840><c> when</c>

00:20:43.990 --> 00:20:44.000 align:start position:0%
pieces of this system. And in fact, when
 

00:20:44.000 --> 00:20:46.710 align:start position:0%
pieces of this system. And in fact, when
you<00:20:44.159><c> ask</c><00:20:44.400><c> the</c><00:20:44.640><c> question,</c><00:20:45.360><c> very</c><00:20:45.679><c> few</c><00:20:45.919><c> doctors</c>

00:20:46.710 --> 00:20:46.720 align:start position:0%
you ask the question, very few doctors
 

00:20:46.720 --> 00:20:48.470 align:start position:0%
you ask the question, very few doctors
understand<00:20:47.120><c> your</c><00:20:47.440><c> entire</c><00:20:47.760><c> body.</c><00:20:48.159><c> There's</c><00:20:48.320><c> a</c>

00:20:48.470 --> 00:20:48.480 align:start position:0%
understand your entire body. There's a
 

00:20:48.480 --> 00:20:49.830 align:start position:0%
understand your entire body. There's a
specialist<00:20:48.799><c> for</c><00:20:48.960><c> your</c><00:20:49.120><c> knee.</c><00:20:49.520><c> There's</c><00:20:49.679><c> a</c>

00:20:49.830 --> 00:20:49.840 align:start position:0%
specialist for your knee. There's a
 

00:20:49.840 --> 00:20:51.909 align:start position:0%
specialist for your knee. There's a
specialist<00:20:50.159><c> for</c><00:20:50.320><c> your</c><00:20:50.480><c> polyoidal</c><00:20:51.039><c> cyst.</c>

00:20:51.909 --> 00:20:51.919 align:start position:0%
specialist for your polyoidal cyst.
 

00:20:51.919 --> 00:20:53.190 align:start position:0%
specialist for your polyoidal cyst.
There's<00:20:52.159><c> a</c><00:20:52.320><c> specialist</c><00:20:52.640><c> for</c><00:20:52.720><c> your</c><00:20:52.880><c> head.</c><00:20:53.039><c> And</c>

00:20:53.190 --> 00:20:53.200 align:start position:0%
There's a specialist for your head. And
 

00:20:53.200 --> 00:20:54.549 align:start position:0%
There's a specialist for your head. And
now<00:20:53.360><c> we</c><00:20:53.520><c> have</c><00:20:53.679><c> specialists</c><00:20:54.080><c> in</c><00:20:54.320><c> different</c>

00:20:54.549 --> 00:20:54.559 align:start position:0%
now we have specialists in different
 

00:20:54.559 --> 00:20:57.430 align:start position:0%
now we have specialists in different
areas.<00:20:55.760><c> So</c><00:20:56.000><c> in</c><00:20:56.480><c> and</c><00:20:56.880><c> I'm</c><00:20:57.039><c> going</c><00:20:57.120><c> to</c><00:20:57.200><c> get</c><00:20:57.280><c> to</c>

00:20:57.430 --> 00:20:57.440 align:start position:0%
areas. So in and I'm going to get to
 

00:20:57.440 --> 00:20:58.870 align:start position:0%
areas. So in and I'm going to get to
your<00:20:57.679><c> first</c><00:20:57.840><c> question</c><00:20:58.080><c> about</c><00:20:58.320><c> Santa</c><00:20:58.559><c> Fe</c>

00:20:58.870 --> 00:20:58.880 align:start position:0%
your first question about Santa Fe
 

00:20:58.880 --> 00:21:02.710 align:start position:0%
your first question about Santa Fe
Institute.<00:21:00.000><c> The</c><00:21:00.400><c> world</c><00:21:00.720><c> economy</c><00:21:02.080><c> and</c><00:21:02.400><c> your</c>

00:21:02.710 --> 00:21:02.720 align:start position:0%
Institute. The world economy and your
 

00:21:02.720 --> 00:21:05.750 align:start position:0%
Institute. The world economy and your
body<00:21:04.159><c> are</c><00:21:04.480><c> both</c><00:21:04.720><c> comprised</c><00:21:05.200><c> of</c><00:21:05.440><c> little</c>

00:21:05.750 --> 00:21:05.760 align:start position:0%
body are both comprised of little
 

00:21:05.760 --> 00:21:08.470 align:start position:0%
body are both comprised of little
systems<00:21:06.559><c> interacting</c><00:21:07.200><c> with</c><00:21:07.440><c> each</c><00:21:07.679><c> other</c><00:21:08.159><c> and</c>

00:21:08.470 --> 00:21:08.480 align:start position:0%
systems interacting with each other and
 

00:21:08.480 --> 00:21:10.549 align:start position:0%
systems interacting with each other and
making<00:21:09.039><c> one</c><00:21:09.440><c> big</c>

00:21:10.549 --> 00:21:10.559 align:start position:0%
making one big
 

00:21:10.559 --> 00:21:12.549 align:start position:0%
making one big
&gt;&gt; system.<00:21:10.960><c> You</c><00:21:11.200><c> you</c><00:21:11.280><c> you</c><00:21:11.919><c> expect</c><00:21:12.240><c> this</c><00:21:12.400><c> is</c>

00:21:12.549 --> 00:21:12.559 align:start position:0%
&gt;&gt; system. You you you expect this is
 

00:21:12.559 --> 00:21:14.549 align:start position:0%
&gt;&gt; system. You you you expect this is
what's<00:21:12.880><c> stunning</c><00:21:13.440><c> for</c><00:21:13.679><c> all</c><00:21:13.840><c> the</c><00:21:14.080><c> little</c><00:21:14.320><c> guys</c>

00:21:14.549 --> 00:21:14.559 align:start position:0%
what's stunning for all the little guys
 

00:21:14.559 --> 00:21:16.390 align:start position:0%
what's stunning for all the little guys
out<00:21:14.799><c> there,</c><00:21:15.200><c> the</c><00:21:15.520><c> populist</c><00:21:15.919><c> movement,</c><00:21:16.240><c> the</c>

00:21:16.390 --> 00:21:16.400 align:start position:0%
out there, the populist movement, the
 

00:21:16.400 --> 00:21:17.909 align:start position:0%
out there, the populist movement, the
little<00:21:16.559><c> guys</c><00:21:16.720><c> that</c><00:21:16.880><c> that</c><00:21:17.200><c> haven't</c><00:21:17.440><c> had</c><00:21:17.600><c> a</c><00:21:17.760><c> pay</c>

00:21:17.909 --> 00:21:17.919 align:start position:0%
little guys that that haven't had a pay
 

00:21:17.919 --> 00:21:20.390 align:start position:0%
little guys that that haven't had a pay
raise<00:21:18.240><c> in</c><00:21:18.400><c> in</c><00:21:18.720><c> 30</c><00:21:18.960><c> years.</c><00:21:19.760><c> They</c><00:21:20.080><c> think</c><00:21:20.240><c> that</c>

00:21:20.390 --> 00:21:20.400 align:start position:0%
raise in in 30 years. They think that
 

00:21:20.400 --> 00:21:22.630 align:start position:0%
raise in in 30 years. They think that
these<00:21:20.640><c> elites,</c>

00:21:22.630 --> 00:21:22.640 align:start position:0%
these elites,
 

00:21:22.640 --> 00:21:24.310 align:start position:0%
these elites,
you<00:21:22.799><c> know,</c><00:21:23.120><c> have</c><00:21:23.360><c> everything.</c><00:21:23.760><c> The</c><00:21:23.919><c> the</c><00:21:24.159><c> guys</c>

00:21:24.310 --> 00:21:24.320 align:start position:0%
you know, have everything. The the guys
 

00:21:24.320 --> 00:21:25.990 align:start position:0%
you know, have everything. The the guys
in<00:21:24.480><c> the</c><00:21:24.640><c> room</c><00:21:24.880><c> making</c><00:21:25.200><c> the</c><00:21:25.440><c> decisions,</c><00:21:25.840><c> the</c>

00:21:25.990 --> 00:21:26.000 align:start position:0%
in the room making the decisions, the
 

00:21:26.000 --> 00:21:28.470 align:start position:0%
in the room making the decisions, the
the<00:21:26.080><c> the</c><00:21:26.640><c> party</c><00:21:26.880><c> of</c><00:21:27.039><c> Davos</c><00:21:27.440><c> guys.</c><00:21:28.159><c> You're</c>

00:21:28.470 --> 00:21:28.480 align:start position:0%
the the party of Davos guys. You're
 

00:21:28.480 --> 00:21:30.310 align:start position:0%
the the party of Davos guys. You're
sitting<00:21:28.720><c> there</c><00:21:29.200><c> and</c><00:21:29.360><c> you</c><00:21:29.600><c> don't</c><00:21:29.760><c> think</c><00:21:30.000><c> many</c>

00:21:30.310 --> 00:21:30.320 align:start position:0%
sitting there and you don't think many
 

00:21:30.320 --> 00:21:33.350 align:start position:0%
sitting there and you don't think many
people<00:21:30.720><c> today</c><00:21:31.280><c> really</c><00:21:31.679><c> understand</c><00:21:33.039><c> the</c>

00:21:33.350 --> 00:21:33.360 align:start position:0%
people today really understand the
 

00:21:33.360 --> 00:21:35.110 align:start position:0%
people today really understand the
complexity<00:21:33.919><c> and</c><00:21:34.159><c> really</c><00:21:34.400><c> all</c><00:21:34.640><c> the</c><00:21:34.799><c> moving</c>

00:21:35.110 --> 00:21:35.120 align:start position:0%
complexity and really all the moving
 

00:21:35.120 --> 00:21:37.110 align:start position:0%
complexity and really all the moving
pieces<00:21:35.760><c> and</c><00:21:36.000><c> how</c><00:21:36.159><c> they</c><00:21:36.320><c> interconnect</c><00:21:36.799><c> of</c><00:21:36.960><c> the</c>

00:21:37.110 --> 00:21:37.120 align:start position:0%
pieces and how they interconnect of the
 

00:21:37.120 --> 00:21:39.510 align:start position:0%
pieces and how they interconnect of the
world's<00:21:37.360><c> financial</c><00:21:37.760><c> system.</c><00:21:38.400><c> No,</c><00:21:38.640><c> the</c><00:21:38.799><c> nice</c>

00:21:39.510 --> 00:21:39.520 align:start position:0%
world's financial system. No, the nice
 

00:21:39.520 --> 00:21:41.909 align:start position:0%
world's financial system. No, the nice
not<00:21:39.760><c> only</c><00:21:40.080><c> don't</c><00:21:40.880><c> they</c><00:21:41.200><c> understand</c><00:21:41.600><c> the</c>

00:21:41.909 --> 00:21:41.919 align:start position:0%
not only don't they understand the
 

00:21:41.919 --> 00:21:43.590 align:start position:0%
not only don't they understand the
complexity<00:21:42.400><c> and</c><00:21:42.559><c> that's</c><00:21:42.799><c> goes</c><00:21:43.039><c> back</c><00:21:43.200><c> to</c><00:21:43.360><c> Santa</c>

00:21:43.590 --> 00:21:43.600 align:start position:0%
complexity and that's goes back to Santa
 

00:21:43.600 --> 00:21:46.549 align:start position:0%
complexity and that's goes back to Santa
Fe<00:21:44.080><c> Institute</c><00:21:44.640><c> was</c><00:21:44.880><c> an</c><00:21:45.039><c> attempt</c><00:21:45.840><c> of</c><00:21:46.159><c> trying</c><00:21:46.320><c> to</c>

00:21:46.549 --> 00:21:46.559 align:start position:0%
Fe Institute was an attempt of trying to
 

00:21:46.559 --> 00:21:48.950 align:start position:0%
Fe Institute was an attempt of trying to
see<00:21:46.720><c> if</c><00:21:46.880><c> there</c><00:21:47.039><c> was</c><00:21:47.200><c> a</c><00:21:47.360><c> way</c><00:21:47.440><c> to</c><00:21:47.679><c> mathematize</c>

00:21:48.950 --> 00:21:48.960 align:start position:0%
see if there was a way to mathematize
 

00:21:48.960 --> 00:21:50.950 align:start position:0%
see if there was a way to mathematize
formularize<00:21:49.760><c> or</c><00:21:50.000><c> algorithmically</c>

00:21:50.950 --> 00:21:50.960 align:start position:0%
formularize or algorithmically
 

00:21:50.960 --> 00:21:53.590 align:start position:0%
formularize or algorithmically
understand<00:21:51.840><c> what</c><00:21:52.080><c> the</c><00:21:52.480><c> term</c><00:21:52.960><c> complexity</c>

00:21:53.590 --> 00:21:53.600 align:start position:0%
understand what the term complexity
 

00:21:53.600 --> 00:21:56.149 align:start position:0%
understand what the term complexity
means.<00:21:54.799><c> That's</c><00:21:55.120><c> that</c><00:21:55.440><c> goes</c><00:21:55.600><c> back</c><00:21:55.760><c> to</c><00:21:55.919><c> the</c>

00:21:56.149 --> 00:21:56.159 align:start position:0%
means. That's that goes back to the
 

00:21:56.159 --> 00:21:59.510 align:start position:0%
means. That's that goes back to the
original<00:21:56.480><c> question.</c><00:21:57.679><c> Complex</c><00:21:58.320><c> systems</c><00:21:59.200><c> are</c>

00:21:59.510 --> 00:21:59.520 align:start position:0%
original question. Complex systems are
 

00:21:59.520 --> 00:22:02.710 align:start position:0%
original question. Complex systems are
complex<00:22:00.880><c> by</c><00:22:01.200><c> definition.</c><00:22:02.159><c> But</c><00:22:02.320><c> there's</c><00:22:02.559><c> not</c>

00:22:02.710 --> 00:22:02.720 align:start position:0%
complex by definition. But there's not
 

00:22:02.720 --> 00:22:04.230 align:start position:0%
complex by definition. But there's not
necessarily<00:22:03.200><c> it's</c><00:22:03.440><c> not</c><00:22:03.600><c> one</c><00:22:03.840><c> level</c><00:22:04.000><c> of</c>

00:22:04.230 --> 00:22:04.240 align:start position:0%
necessarily it's not one level of
 

00:22:04.240 --> 00:22:06.950 align:start position:0%
necessarily it's not one level of
complexity<00:22:04.960><c> is</c><00:22:05.280><c> we</c><00:22:05.520><c> might</c><00:22:05.760><c> say</c><00:22:06.000><c> well</c><00:22:06.720><c> our</c>

00:22:06.950 --> 00:22:06.960 align:start position:0%
complexity is we might say well our
 

00:22:06.960 --> 00:22:08.950 align:start position:0%
complexity is we might say well our
fingers<00:22:07.360><c> are</c><00:22:07.520><c> complex</c><00:22:08.000><c> the</c><00:22:08.240><c> movements</c><00:22:08.720><c> the</c>

00:22:08.950 --> 00:22:08.960 align:start position:0%
fingers are complex the movements the
 

00:22:08.960 --> 00:22:11.350 align:start position:0%
fingers are complex the movements the
muscles<00:22:09.280><c> of</c><00:22:09.520><c> our</c><00:22:09.760><c> hands</c><00:22:10.400><c> but</c><00:22:10.799><c> it's</c><00:22:11.039><c> not</c><00:22:11.120><c> as</c>

00:22:11.350 --> 00:22:11.360 align:start position:0%
muscles of our hands but it's not as
 

00:22:11.360 --> 00:22:14.390 align:start position:0%
muscles of our hands but it's not as
complex<00:22:11.760><c> as</c><00:22:12.400><c> the</c><00:22:12.640><c> blood</c><00:22:12.960><c> system</c><00:22:13.760><c> now</c><00:22:14.000><c> I</c><00:22:14.159><c> have</c><00:22:14.240><c> a</c>

00:22:14.390 --> 00:22:14.400 align:start position:0%
complex as the blood system now I have a
 

00:22:14.400 --> 00:22:16.789 align:start position:0%
complex as the blood system now I have a
circulatory<00:22:15.120><c> system</c><00:22:15.600><c> I</c><00:22:15.840><c> have</c><00:22:16.000><c> systems</c><00:22:16.480><c> on</c><00:22:16.640><c> top</c>

00:22:16.789 --> 00:22:16.799 align:start position:0%
circulatory system I have systems on top
 

00:22:16.799 --> 00:22:21.029 align:start position:0%
circulatory system I have systems on top
of<00:22:17.039><c> systems</c><00:22:18.400><c> so</c><00:22:18.559><c> that</c><00:22:18.799><c> there's</c><00:22:19.120><c> no</c><00:22:19.919><c> one</c><00:22:20.799><c> group</c>

00:22:21.029 --> 00:22:21.039 align:start position:0%
of systems so that there's no one group
 

00:22:21.039 --> 00:22:23.830 align:start position:0%
of systems so that there's no one group
of<00:22:21.679><c> or</c><00:22:22.000><c> person</c><00:22:22.320><c> that</c><00:22:22.559><c> really</c><00:22:22.960><c> understands</c><00:22:23.520><c> the</c>

00:22:23.830 --> 00:22:23.840 align:start position:0%
of or person that really understands the
 

00:22:23.840 --> 00:22:25.830 align:start position:0%
of or person that really understands the
way<00:22:23.919><c> the</c><00:22:24.159><c> body</c><00:22:24.400><c> works.</c><00:22:24.880><c> There's</c><00:22:25.120><c> no</c><00:22:25.280><c> one</c><00:22:25.600><c> group</c>

00:22:25.830 --> 00:22:25.840 align:start position:0%
way the body works. There's no one group
 

00:22:25.840 --> 00:22:28.149 align:start position:0%
way the body works. There's no one group
that<00:22:26.159><c> understands</c><00:22:26.480><c> the</c><00:22:26.640><c> way</c><00:22:26.799><c> the</c><00:22:27.039><c> financial</c>

00:22:28.149 --> 00:22:28.159 align:start position:0%
that understands the way the financial
 

00:22:28.159 --> 00:22:30.950 align:start position:0%
that understands the way the financial
systems<00:22:29.039><c> work.</c><00:22:29.360><c> You</c><00:22:29.600><c> might</c><00:22:29.760><c> understand</c><00:22:30.480><c> US</c>

00:22:30.950 --> 00:22:30.960 align:start position:0%
systems work. You might understand US
 

00:22:30.960 --> 00:22:32.789 align:start position:0%
systems work. You might understand US
bond<00:22:31.520><c> market.</c><00:22:32.000><c> Now</c><00:22:32.159><c> you've</c><00:22:32.320><c> asked</c><00:22:32.559><c> about</c><00:22:32.640><c> the</c>

00:22:32.789 --> 00:22:32.799 align:start position:0%
bond market. Now you've asked about the
 

00:22:32.799 --> 00:22:37.270 align:start position:0%
bond market. Now you've asked about the
trader<00:22:33.280><c> long-term</c><00:22:33.679><c> capital</c><00:22:34.880><c> that</c><00:22:35.200><c> was</c><00:22:35.600><c> a</c><00:22:35.919><c> bond</c>

00:22:37.270 --> 00:22:37.280 align:start position:0%
trader long-term capital that was a bond
 

00:22:37.280 --> 00:22:39.909 align:start position:0%
trader long-term capital that was a bond
fund<00:22:38.240><c> very</c><00:22:38.640><c> small</c><00:22:38.960><c> part</c><00:22:39.120><c> of</c><00:22:39.280><c> this</c><00:22:39.520><c> very</c>

00:22:39.909 --> 00:22:39.919 align:start position:0%
fund very small part of this very
 

00:22:39.919 --> 00:22:42.870 align:start position:0%
fund very small part of this very
complex<00:22:40.720><c> system.</c><00:22:41.360><c> So</c><00:22:41.600><c> the</c><00:22:41.840><c> goal</c><00:22:42.240><c> of</c><00:22:42.400><c> the</c><00:22:42.640><c> Santa</c>

00:22:42.870 --> 00:22:42.880 align:start position:0%
complex system. So the goal of the Santa
 

00:22:42.880 --> 00:22:45.270 align:start position:0%
complex system. So the goal of the Santa
Fe<00:22:43.120><c> Institute</c><00:22:43.520><c> was</c><00:22:43.679><c> to</c><00:22:43.919><c> see</c><00:22:44.400><c> is</c><00:22:44.640><c> there</c><00:22:44.799><c> a</c><00:22:45.039><c> way</c>

00:22:45.270 --> 00:22:45.280 align:start position:0%
Fe Institute was to see is there a way
 

00:22:45.280 --> 00:22:49.590 align:start position:0%
Fe Institute was to see is there a way
to<00:22:46.400><c> get</c><00:22:47.039><c> in</c><00:22:47.360><c> somehow</c><00:22:47.919><c> understand</c><00:22:48.559><c> how</c><00:22:48.960><c> complex</c>

00:22:49.590 --> 00:22:49.600 align:start position:0%
to get in somehow understand how complex
 

00:22:49.600 --> 00:22:52.630 align:start position:0%
to get in somehow understand how complex
systems<00:22:50.720><c> interact.</c>

00:22:52.630 --> 00:22:52.640 align:start position:0%
systems interact.
 

00:22:52.640 --> 00:22:56.230 align:start position:0%
systems interact.
Fast<00:22:53.039><c> forward,</c><00:22:54.159><c> Steve,</c><00:22:54.559><c> to</c>

00:22:56.230 --> 00:22:56.240 align:start position:0%
Fast forward, Steve, to
 

00:22:56.240 --> 00:23:01.590 align:start position:0%
Fast forward, Steve, to
today<00:22:57.280><c> where</c><00:22:57.679><c> Google</c><00:22:58.880><c> and</c><00:22:59.200><c> these</c><00:22:59.520><c> other</c><00:23:00.960><c> um</c>

00:23:01.590 --> 00:23:01.600 align:start position:0%
today where Google and these other um
 

00:23:01.600 --> 00:23:03.350 align:start position:0%
today where Google and these other um
engine<00:23:02.000><c> companies,</c><00:23:02.720><c> the</c><00:23:02.960><c> other</c><00:23:03.120><c> tech</c>

00:23:03.350 --> 00:23:03.360 align:start position:0%
engine companies, the other tech
 

00:23:03.360 --> 00:23:05.270 align:start position:0%
engine companies, the other tech
companies<00:23:03.679><c> are</c><00:23:03.919><c> trying</c><00:23:04.159><c> to</c><00:23:04.320><c> build</c><00:23:04.640><c> artificial</c>

00:23:05.270 --> 00:23:05.280 align:start position:0%
companies are trying to build artificial
 

00:23:05.280 --> 00:23:06.950 align:start position:0%
companies are trying to build artificial
intelligence.

00:23:06.950 --> 00:23:06.960 align:start position:0%
intelligence.
 

00:23:06.960 --> 00:23:09.669 align:start position:0%
intelligence.
The<00:23:07.280><c> strangest</c><00:23:07.919><c> thing</c><00:23:08.720><c> that</c><00:23:08.960><c> they</c><00:23:09.200><c> found,</c><00:23:09.520><c> one</c>

00:23:09.669 --> 00:23:09.679 align:start position:0%
The strangest thing that they found, one
 

00:23:09.679 --> 00:23:11.270 align:start position:0%
The strangest thing that they found, one
of<00:23:09.760><c> the</c><00:23:09.919><c> strangest</c><00:23:10.320><c> things</c><00:23:10.640><c> is</c><00:23:10.880><c> that</c><00:23:11.039><c> the</c>

00:23:11.270 --> 00:23:11.280 align:start position:0%
of the strangest things is that the
 

00:23:11.280 --> 00:23:12.549 align:start position:0%
of the strangest things is that the
systems<00:23:11.600><c> that</c><00:23:11.840><c> they</c><00:23:12.000><c> design,</c><00:23:12.400><c> this</c>

00:23:12.549 --> 00:23:12.559 align:start position:0%
systems that they design, this
 

00:23:12.559 --> 00:23:14.149 align:start position:0%
systems that they design, this
artificial<00:23:13.039><c> intelligence,</c><00:23:13.600><c> which</c><00:23:13.679><c> a</c><00:23:13.760><c> lot</c><00:23:13.919><c> of</c>

00:23:14.149 --> 00:23:14.159 align:start position:0%
artificial intelligence, which a lot of
 

00:23:14.159 --> 00:23:16.310 align:start position:0%
artificial intelligence, which a lot of
people<00:23:14.320><c> have</c><00:23:14.559><c> heard</c><00:23:14.799><c> about,</c><00:23:15.440><c> is</c><00:23:15.760><c> they</c><00:23:16.000><c> design</c>

00:23:16.310 --> 00:23:16.320 align:start position:0%
people have heard about, is they design
 

00:23:16.320 --> 00:23:19.110 align:start position:0%
people have heard about, is they design
a<00:23:16.559><c> bunch</c><00:23:16.720><c> of</c><00:23:17.600><c> systems.</c><00:23:18.640><c> They're</c><00:23:18.880><c> called</c>

00:23:19.110 --> 00:23:19.120 align:start position:0%
a bunch of systems. They're called
 

00:23:19.120 --> 00:23:21.270 align:start position:0%
a bunch of systems. They're called
neural<00:23:19.520><c> nets.</c>

00:23:21.270 --> 00:23:21.280 align:start position:0%
neural nets.
 

00:23:21.280 --> 00:23:23.669 align:start position:0%
neural nets.
terms<00:23:21.679><c> simply</c><00:23:22.080><c> taken</c><00:23:22.400><c> out</c><00:23:22.559><c> of</c><00:23:22.880><c> brain</c><00:23:23.280><c> work.</c>

00:23:23.669 --> 00:23:23.679 align:start position:0%
terms simply taken out of brain work.
 

00:23:23.679 --> 00:23:26.149 align:start position:0%
terms simply taken out of brain work.
Neur<00:23:24.080><c> neurons</c><00:23:24.559><c> in</c><00:23:24.720><c> the</c><00:23:24.880><c> brain</c><00:23:25.600><c> nets</c><00:23:26.000><c> because</c>

00:23:26.149 --> 00:23:26.159 align:start position:0%
Neur neurons in the brain nets because
 

00:23:26.159 --> 00:23:28.870 align:start position:0%
Neur neurons in the brain nets because
they<00:23:26.480><c> actually</c><00:23:26.640><c> look</c><00:23:26.799><c> like</c><00:23:26.960><c> a</c><00:23:27.120><c> net.</c><00:23:28.480><c> They</c><00:23:28.720><c> put</c>

00:23:28.870 --> 00:23:28.880 align:start position:0%
they actually look like a net. They put
 

00:23:28.880 --> 00:23:31.510 align:start position:0%
they actually look like a net. They put
in<00:23:29.120><c> some</c><00:23:30.000><c> inputs.</c>

00:23:31.510 --> 00:23:31.520 align:start position:0%
in some inputs.
 

00:23:31.520 --> 00:23:35.990 align:start position:0%
in some inputs.
The<00:23:31.840><c> computers</c><00:23:32.480><c> work,</c><00:23:33.679><c> spit</c><00:23:34.080><c> out</c><00:23:34.320><c> an</c><00:23:34.559><c> answer.</c>

00:23:35.990 --> 00:23:36.000 align:start position:0%
The computers work, spit out an answer.
 

00:23:36.000 --> 00:23:37.430 align:start position:0%
The computers work, spit out an answer.
Sounds<00:23:36.320><c> normal</c><00:23:36.559><c> to</c><00:23:36.720><c> you.</c><00:23:36.960><c> It's</c><00:23:37.120><c> because</c>

00:23:37.430 --> 00:23:37.440 align:start position:0%
Sounds normal to you. It's because
 

00:23:37.440 --> 00:23:39.590 align:start position:0%
Sounds normal to you. It's because
you're<00:23:37.840><c> thinking</c><00:23:38.159><c> about</c><00:23:38.720><c> that</c><00:23:39.120><c> calculator</c>

00:23:39.590 --> 00:23:39.600 align:start position:0%
you're thinking about that calculator
 

00:23:39.600 --> 00:23:42.789 align:start position:0%
you're thinking about that calculator
you<00:23:39.840><c> had</c><00:23:40.000><c> in</c><00:23:40.240><c> 1976</c><00:23:40.960><c> on</c><00:23:41.200><c> your</c><00:23:41.360><c> desk.</c><00:23:42.400><c> When</c><00:23:42.640><c> you</c>

00:23:42.789 --> 00:23:42.799 align:start position:0%
you had in 1976 on your desk. When you
 

00:23:42.799 --> 00:23:45.830 align:start position:0%
you had in 1976 on your desk. When you
ask<00:23:43.039><c> the</c><00:23:43.360><c> person</c><00:23:44.080><c> who</c><00:23:44.400><c> designed</c><00:23:44.799><c> the</c><00:23:45.039><c> system,</c>

00:23:45.830 --> 00:23:45.840 align:start position:0%
ask the person who designed the system,
 

00:23:45.840 --> 00:23:49.590 align:start position:0%
ask the person who designed the system,
how<00:23:46.080><c> did</c><00:23:46.240><c> it</c><00:23:46.480><c> come</c><00:23:46.720><c> to</c><00:23:47.039><c> that</c><00:23:47.760><c> answer?</c><00:23:49.200><c> How</c><00:23:49.440><c> did</c>

00:23:49.590 --> 00:23:49.600 align:start position:0%
how did it come to that answer? How did
 

00:23:49.600 --> 00:23:52.149 align:start position:0%
how did it come to that answer? How did
your<00:23:49.840><c> neural</c><00:23:50.240><c> net?</c><00:23:51.200><c> Can</c><00:23:51.440><c> you</c><00:23:51.600><c> show</c><00:23:51.760><c> me</c><00:23:51.919><c> the</c>

00:23:52.149 --> 00:23:52.159 align:start position:0%
your neural net? Can you show me the
 

00:23:52.159 --> 00:23:55.029 align:start position:0%
your neural net? Can you show me the
calculations?<00:23:53.360><c> They</c><00:23:53.600><c> say,</c><00:23:53.679><c> "No,</c><00:23:54.559><c> we</c><00:23:54.880><c> don't</c>

00:23:55.029 --> 00:23:55.039 align:start position:0%
calculations? They say, "No, we don't
 

00:23:55.039 --> 00:23:58.630 align:start position:0%
calculations? They say, "No, we don't
know.<00:23:56.400><c> We</c><00:23:56.720><c> don't</c><00:23:56.880><c> know</c><00:23:57.039><c> how</c><00:23:57.520><c> the</c><00:23:57.840><c> thing</c><00:23:58.240><c> we</c>

00:23:58.630 --> 00:23:58.640 align:start position:0%
know. We don't know how the thing we
 

00:23:58.640 --> 00:24:00.149 align:start position:0%
know. We don't know how the thing we
designed

00:24:00.149 --> 00:24:00.159 align:start position:0%
designed
 

00:24:00.159 --> 00:24:01.909 align:start position:0%
designed
actually<00:24:00.559><c> came</c><00:24:00.720><c> up</c><00:24:00.880><c> with</c><00:24:01.039><c> that</c><00:24:01.360><c> answer.</c>

00:24:01.909 --> 00:24:01.919 align:start position:0%
actually came up with that answer.
 

00:24:01.919 --> 00:24:04.230 align:start position:0%
actually came up with that answer.
That's<00:24:02.159><c> pretty</c><00:24:02.480><c> strange."</c>

00:24:04.230 --> 00:24:04.240 align:start position:0%
That's pretty strange."
 

00:24:04.240 --> 00:24:06.630 align:start position:0%
That's pretty strange."
They<00:24:04.480><c> take</c><00:24:04.720><c> the</c><00:24:04.880><c> same</c><00:24:05.039><c> neural</c><00:24:05.520><c> net</c><00:24:05.919><c> now</c><00:24:06.400><c> and</c>

00:24:06.630 --> 00:24:06.640 align:start position:0%
They take the same neural net now and
 

00:24:06.640 --> 00:24:08.870 align:start position:0%
They take the same neural net now and
they<00:24:06.799><c> put</c><00:24:06.960><c> it</c><00:24:07.120><c> in</c><00:24:07.280><c> front</c><00:24:07.360><c> of</c><00:24:07.440><c> a</c><00:24:07.679><c> video</c><00:24:07.919><c> game.</c>

00:24:08.870 --> 00:24:08.880 align:start position:0%
they put it in front of a video game.
 

00:24:08.880 --> 00:24:11.350 align:start position:0%
they put it in front of a video game.
No,<00:24:09.200><c> no</c><00:24:09.440><c> learning,</c><00:24:09.919><c> nothing.</c><00:24:10.240><c> They</c><00:24:10.400><c> said</c><00:24:11.120><c> to</c>

00:24:11.350 --> 00:24:11.360 align:start position:0%
No, no learning, nothing. They said to
 

00:24:11.360 --> 00:24:12.950 align:start position:0%
No, no learning, nothing. They said to
the<00:24:11.600><c> computer,</c><00:24:11.840><c> they</c><00:24:12.080><c> say,</c><00:24:12.159><c> "Sit</c><00:24:12.559><c> in</c><00:24:12.720><c> front</c><00:24:12.799><c> of</c>

00:24:12.950 --> 00:24:12.960 align:start position:0%
the computer, they say, "Sit in front of
 

00:24:12.960 --> 00:24:14.470 align:start position:0%
the computer, they say, "Sit in front of
the<00:24:13.120><c> your</c><00:24:13.360><c> video</c><00:24:13.600><c> game</c><00:24:13.760><c> and</c><00:24:14.000><c> learn</c><00:24:14.159><c> how</c><00:24:14.320><c> to</c>

00:24:14.470 --> 00:24:14.480 align:start position:0%
the your video game and learn how to
 

00:24:14.480 --> 00:24:16.789 align:start position:0%
the your video game and learn how to
play."

00:24:16.789 --> 00:24:16.799 align:start position:0%
play."
 

00:24:16.799 --> 00:24:18.950 align:start position:0%
play."
It<00:24:17.039><c> seems</c><00:24:17.279><c> the</c><00:24:17.679><c> computer</c><00:24:18.000><c> learns</c><00:24:18.400><c> better</c><00:24:18.720><c> than</c>

00:24:18.950 --> 00:24:18.960 align:start position:0%
It seems the computer learns better than
 

00:24:18.960 --> 00:24:21.750 align:start position:0%
It seems the computer learns better than
any<00:24:19.440><c> human</c><00:24:19.760><c> in</c><00:24:20.000><c> history,</c><00:24:20.960><c> faster</c><00:24:21.279><c> than</c><00:24:21.520><c> any</c>

00:24:21.750 --> 00:24:21.760 align:start position:0%
any human in history, faster than any
 

00:24:21.760 --> 00:24:23.990 align:start position:0%
any human in history, faster than any
human<00:24:22.000><c> in</c><00:24:22.080><c> history,</c><00:24:22.960><c> beats</c><00:24:23.279><c> any</c><00:24:23.520><c> human</c><00:24:23.760><c> in</c>

00:24:23.990 --> 00:24:24.000 align:start position:0%
human in history, beats any human in
 

00:24:24.000 --> 00:24:25.909 align:start position:0%
human in history, beats any human in
history.<00:24:24.640><c> But</c><00:24:24.799><c> when</c><00:24:24.960><c> you</c><00:24:25.120><c> ask</c><00:24:25.279><c> the</c><00:24:25.440><c> designer</c>

00:24:25.909 --> 00:24:25.919 align:start position:0%
history. But when you ask the designer
 

00:24:25.919 --> 00:24:30.630 align:start position:0%
history. But when you ask the designer
how<00:24:26.559><c> did</c><00:24:26.799><c> it</c><00:24:27.919><c> do</c><00:24:28.159><c> it,</c><00:24:29.039><c> no</c><00:24:29.279><c> one</c><00:24:29.440><c> knows.</c><00:24:30.080><c> It</c><00:24:30.320><c> just</c>

00:24:30.630 --> 00:24:30.640 align:start position:0%
how did it do it, no one knows. It just
 

00:24:30.640 --> 00:24:33.430 align:start position:0%
how did it do it, no one knows. It just
did<00:24:30.880><c> it.</c><00:24:31.600><c> So</c><00:24:31.760><c> that's</c><00:24:31.919><c> the</c><00:24:32.159><c> first</c><00:24:32.480><c> little</c><00:24:33.039><c> touch</c>

00:24:33.430 --> 00:24:33.440 align:start position:0%
did it. So that's the first little touch
 

00:24:33.440 --> 00:24:36.710 align:start position:0%
did it. So that's the first little touch
of<00:24:34.159><c> things</c><00:24:34.559><c> that</c><00:24:34.880><c> we</c><00:24:35.200><c> already</c><00:24:36.080><c> have</c><00:24:36.320><c> gotten</c><00:24:36.559><c> to</c>

00:24:36.710 --> 00:24:36.720 align:start position:0%
of things that we already have gotten to
 

00:24:36.720 --> 00:24:38.310 align:start position:0%
of things that we already have gotten to
a<00:24:36.880><c> place</c><00:24:36.960><c> where</c><00:24:37.120><c> we</c><00:24:37.360><c> don't</c><00:24:37.520><c> understand</c><00:24:37.840><c> it</c><00:24:38.080><c> and</c>

00:24:38.310 --> 00:24:38.320 align:start position:0%
a place where we don't understand it and
 

00:24:38.320 --> 00:24:43.269 align:start position:0%
a place where we don't understand it and
we<00:24:38.559><c> build</c><00:24:38.799><c> it.</c>

00:24:43.269 --> 00:24:43.279 align:start position:0%
 
 

00:24:43.279 --> 00:24:48.310 align:start position:0%
 
on<00:24:43.679><c> Sunday</c><00:24:44.159><c> afternoon,</c>

00:24:48.310 --> 00:24:48.320 align:start position:0%
 
 

00:24:48.320 --> 00:24:52.870 align:start position:0%
 
September<00:24:49.120><c> 14th,</c><00:24:49.840><c> 2008.</c><00:24:50.480><c> Where</c><00:24:50.640><c> were</c><00:24:50.880><c> you?</c>

00:24:52.870 --> 00:24:52.880 align:start position:0%
September 14th, 2008. Where were you?
 

00:24:52.880 --> 00:24:54.149 align:start position:0%
September 14th, 2008. Where were you?
&gt;&gt; Sorry.

00:24:54.149 --> 00:24:54.159 align:start position:0%
&gt;&gt; Sorry.
 

00:24:54.159 --> 00:24:55.750 align:start position:0%
&gt;&gt; Sorry.
&gt;&gt; It<00:24:54.400><c> was</c><00:24:54.480><c> the</c><00:24:54.640><c> night</c><00:24:54.880><c> they</c><00:24:55.120><c> put</c><00:24:55.360><c> Lehman</c>

00:24:55.750 --> 00:24:55.760 align:start position:0%
&gt;&gt; It was the night they put Lehman
 

00:24:55.760 --> 00:24:57.269 align:start position:0%
&gt;&gt; It was the night they put Lehman
Brothers<00:24:56.080><c> in</c><00:24:56.240><c> bankruptcy</c><00:24:56.720><c> in</c><00:24:56.880><c> London.</c>

00:24:57.269 --> 00:24:57.279 align:start position:0%
Brothers in bankruptcy in London.
 

00:24:57.279 --> 00:24:59.830 align:start position:0%
Brothers in bankruptcy in London.
&gt;&gt; I<00:24:57.520><c> was</c><00:24:57.600><c> in</c><00:24:57.760><c> jail.</c>

00:24:59.830 --> 00:24:59.840 align:start position:0%
&gt;&gt; I was in jail.
 

00:24:59.840 --> 00:25:00.789 align:start position:0%
&gt;&gt; I was in jail.
&gt;&gt; Seriously?

00:25:00.789 --> 00:25:00.799 align:start position:0%
&gt;&gt; Seriously?
 

00:25:00.799 --> 00:25:01.269 align:start position:0%
&gt;&gt; Seriously?
&gt;&gt; Yes.

00:25:01.269 --> 00:25:01.279 align:start position:0%
&gt;&gt; Yes.
 

00:25:01.279 --> 00:25:03.990 align:start position:0%
&gt;&gt; Yes.
&gt;&gt; So,<00:25:02.000><c> the</c><00:25:02.320><c> financial</c><00:25:02.720><c> crisis</c><00:25:03.120><c> of</c><00:25:03.279><c> 2008</c>

00:25:03.990 --> 00:25:04.000 align:start position:0%
&gt;&gt; So, the financial crisis of 2008
 

00:25:04.000 --> 00:25:05.350 align:start position:0%
&gt;&gt; So, the financial crisis of 2008
happened<00:25:04.240><c> when</c><00:25:04.400><c> you</c><00:25:04.559><c> were</c><00:25:04.640><c> in</c><00:25:04.799><c> jail?</c><00:25:05.200><c> Yes.</c>

00:25:05.350 --> 00:25:05.360 align:start position:0%
happened when you were in jail? Yes.
 

00:25:05.360 --> 00:25:07.590 align:start position:0%
happened when you were in jail? Yes.
&gt;&gt; Oh,<00:25:05.600><c> this</c><00:25:05.679><c> is</c><00:25:05.760><c> going</c><00:25:05.840><c> to</c><00:25:05.919><c> be</c><00:25:06.000><c> so</c><00:25:06.240><c> amazing.</c>

00:25:07.590 --> 00:25:07.600 align:start position:0%
&gt;&gt; Oh, this is going to be so amazing.
 

00:25:07.600 --> 00:25:10.870 align:start position:0%
&gt;&gt; Oh, this is going to be so amazing.
&gt;&gt; This<00:25:07.679><c> is</c><00:25:07.760><c> going</c><00:25:07.840><c> to</c><00:25:07.919><c> be</c><00:25:08.080><c> so</c><00:25:08.240><c> amazing.</c><00:25:09.360><c> Um,</c><00:25:10.640><c> I</c>

00:25:10.870 --> 00:25:10.880 align:start position:0%
&gt;&gt; This is going to be so amazing. Um, I
 

00:25:10.880 --> 00:25:12.149 align:start position:0%
&gt;&gt; This is going to be so amazing. Um, I
take<00:25:10.960><c> it</c><00:25:11.200><c> you</c><00:25:11.360><c> couldn't</c><00:25:11.679><c> you</c><00:25:11.919><c> didn't</c><00:25:12.080><c> have</c>

00:25:12.149 --> 00:25:12.159 align:start position:0%
take it you couldn't you didn't have
 

00:25:12.159 --> 00:25:13.590 align:start position:0%
take it you couldn't you didn't have
your<00:25:12.400><c> Wall</c><00:25:12.559><c> Street</c><00:25:12.799><c> Journal</c><00:25:13.120><c> dropped</c><00:25:13.360><c> off</c><00:25:13.520><c> to</c>

00:25:13.590 --> 00:25:13.600 align:start position:0%
your Wall Street Journal dropped off to
 

00:25:13.600 --> 00:25:14.710 align:start position:0%
your Wall Street Journal dropped off to
you<00:25:13.760><c> in</c><00:25:13.840><c> the</c><00:25:13.919><c> morning,</c><00:25:14.159><c> your</c><00:25:14.320><c> Financial</c>

00:25:14.710 --> 00:25:14.720 align:start position:0%
you in the morning, your Financial
 

00:25:14.720 --> 00:25:15.430 align:start position:0%
you in the morning, your Financial
Times.

00:25:15.430 --> 00:25:15.440 align:start position:0%
Times.
 

00:25:15.440 --> 00:25:16.149 align:start position:0%
Times.
&gt;&gt; No.

00:25:16.149 --> 00:25:16.159 align:start position:0%
&gt;&gt; No.
 

00:25:16.159 --> 00:25:18.149 align:start position:0%
&gt;&gt; No.
&gt;&gt; How<00:25:16.320><c> did</c><00:25:16.480><c> you</c><00:25:16.640><c> hear</c><00:25:16.799><c> about</c><00:25:17.039><c> the</c><00:25:17.679><c> How'd</c><00:25:18.000><c> you</c>

00:25:18.149 --> 00:25:18.159 align:start position:0%
&gt;&gt; How did you hear about the How'd you
 

00:25:18.159 --> 00:25:21.029 align:start position:0%
&gt;&gt; How did you hear about the How'd you
hear<00:25:18.320><c> about</c><00:25:19.039><c> Because</c><00:25:19.200><c> I</c><00:25:19.360><c> want</c><00:25:20.159><c> the</c><00:25:20.640><c> I'm</c>

00:25:21.029 --> 00:25:21.039 align:start position:0%
hear about Because I want the I'm
 

00:25:21.039 --> 00:25:22.470 align:start position:0%
hear about Because I want the I'm
&gt;&gt; I<00:25:21.279><c> forgot</c><00:25:21.600><c> about</c><00:25:21.760><c> this,</c><00:25:21.919><c> but</c><00:25:22.159><c> yes,</c>

00:25:22.470 --> 00:25:22.480 align:start position:0%
&gt;&gt; I forgot about this, but yes,
 

00:25:22.480 --> 00:25:23.350 align:start position:0%
&gt;&gt; I forgot about this, but yes,
&gt;&gt; I'm<00:25:22.559><c> trying</c><00:25:22.640><c> to</c><00:25:22.799><c> get</c><00:25:22.880><c> this</c><00:25:22.960><c> is</c><00:25:23.039><c> going</c><00:25:23.120><c> to</c><00:25:23.200><c> be</c>

00:25:23.350 --> 00:25:23.360 align:start position:0%
&gt;&gt; I'm trying to get this is going to be
 

00:25:23.360 --> 00:25:25.990 align:start position:0%
&gt;&gt; I'm trying to get this is going to be
amazing.<00:25:23.679><c> This</c><00:25:23.840><c> is</c><00:25:25.120><c> Let's</c><00:25:25.440><c> go</c><00:25:25.600><c> back</c><00:25:25.679><c> and</c><00:25:25.919><c> do</c>

00:25:25.990 --> 00:25:26.000 align:start position:0%
amazing. This is Let's go back and do
 

00:25:26.000 --> 00:25:29.990 align:start position:0%
amazing. This is Let's go back and do
that<00:25:26.159><c> again.</c><00:25:27.360><c> uh</c><00:25:27.760><c> um</c><00:25:28.320><c> Sunday</c><00:25:28.720><c> afternoon</c>

00:25:29.990 --> 00:25:30.000 align:start position:0%
that again. uh um Sunday afternoon
 

00:25:30.000 --> 00:25:33.029 align:start position:0%
that again. uh um Sunday afternoon
because<00:25:30.240><c> I</c><00:25:30.480><c> want</c><00:25:30.559><c> to</c><00:25:30.720><c> find</c><00:25:30.880><c> out</c><00:25:31.039><c> about</c>

00:25:33.029 --> 00:25:33.039 align:start position:0%
because I want to find out about
 

00:25:33.039 --> 00:25:34.789 align:start position:0%
because I want to find out about
people<00:25:33.440><c> the</c><00:25:33.679><c> geniuses</c><00:25:34.159><c> understanding</c><00:25:34.559><c> the</c>

00:25:34.789 --> 00:25:34.799 align:start position:0%
people the geniuses understanding the
 

00:25:34.799 --> 00:25:36.470 align:start position:0%
people the geniuses understanding the
complexity<00:25:35.200><c> of</c><00:25:35.360><c> the</c><00:25:35.520><c> financial</c><00:25:35.919><c> system</c>

00:25:36.470 --> 00:25:36.480 align:start position:0%
complexity of the financial system
 

00:25:36.480 --> 00:25:38.070 align:start position:0%
complexity of the financial system
because<00:25:36.720><c> I</c><00:25:36.880><c> think</c><00:25:36.960><c> the</c><00:25:37.200><c> best</c><00:25:37.440><c> example</c><00:25:37.760><c> we</c><00:25:37.919><c> have</c>

00:25:38.070 --> 00:25:38.080 align:start position:0%
because I think the best example we have
 

00:25:38.080 --> 00:25:40.230 align:start position:0%
because I think the best example we have
is<00:25:38.240><c> the</c><00:25:38.480><c> financial</c><00:25:38.880><c> crisis</c><00:25:39.279><c> of</c><00:25:39.520><c> the</c><00:25:39.679><c> crash</c><00:25:40.000><c> of</c>

00:25:40.230 --> 00:25:40.240 align:start position:0%
is the financial crisis of the crash of
 

00:25:40.240 --> 00:25:41.830 align:start position:0%
is the financial crisis of the crash of
2008.

00:25:41.830 --> 00:25:41.840 align:start position:0%
2008.
 

00:25:41.840 --> 00:25:44.070 align:start position:0%
2008.
Sunday<00:25:42.159><c> afternoon</c><00:25:42.720><c> September</c><00:25:43.440><c> 14th</c><00:25:43.840><c> I</c><00:25:44.000><c> think</c>

00:25:44.070 --> 00:25:44.080 align:start position:0%
Sunday afternoon September 14th I think
 

00:25:44.080 --> 00:25:46.149 align:start position:0%
Sunday afternoon September 14th I think
it<00:25:44.240><c> was</c><00:25:44.640><c> 2008</c>

00:25:46.149 --> 00:25:46.159 align:start position:0%
it was 2008
 

00:25:46.159 --> 00:25:48.070 align:start position:0%
it was 2008
is<00:25:46.400><c> when</c><00:25:46.559><c> they</c><00:25:46.799><c> were</c><00:25:46.960><c> working</c><00:25:47.200><c> feverishly</c><00:25:47.840><c> in</c>

00:25:48.070 --> 00:25:48.080 align:start position:0%
is when they were working feverishly in
 

00:25:48.080 --> 00:25:49.990 align:start position:0%
is when they were working feverishly in
Midtown<00:25:48.559><c> Manhattan</c><00:25:49.039><c> at</c><00:25:49.200><c> the</c><00:25:49.360><c> Lehman</c><00:25:49.679><c> Brothers</c>

00:25:49.990 --> 00:25:50.000 align:start position:0%
Midtown Manhattan at the Lehman Brothers
 

00:25:50.000 --> 00:25:51.590 align:start position:0%
Midtown Manhattan at the Lehman Brothers
offices<00:25:50.320><c> and</c><00:25:50.480><c> at</c><00:25:50.640><c> various</c><00:25:50.880><c> law</c><00:25:51.039><c> firms</c><00:25:51.360><c> around</c>

00:25:51.590 --> 00:25:51.600 align:start position:0%
offices and at various law firms around
 

00:25:51.600 --> 00:25:54.149 align:start position:0%
offices and at various law firms around
town<00:25:52.400><c> and</c><00:25:52.640><c> with</c><00:25:52.799><c> the</c><00:25:53.200><c> secretary</c><00:25:53.679><c> treasury</c>

00:25:54.149 --> 00:25:54.159 align:start position:0%
town and with the secretary treasury
 

00:25:54.159 --> 00:25:55.510 align:start position:0%
town and with the secretary treasury
about<00:25:54.559><c> in</c><00:25:54.720><c> the</c><00:25:54.880><c> Federal</c><00:25:55.039><c> Reserve</c><00:25:55.360><c> what</c>

00:25:55.510 --> 00:25:55.520 align:start position:0%
about in the Federal Reserve what
 

00:25:55.520 --> 00:25:56.710 align:start position:0%
about in the Federal Reserve what
they're<00:25:55.600><c> going</c><00:25:55.679><c> to</c><00:25:55.760><c> do</c><00:25:55.840><c> with</c><00:25:55.919><c> Leman.</c><00:25:56.320><c> decided</c>

00:25:56.710 --> 00:25:56.720 align:start position:0%
they're going to do with Leman. decided
 

00:25:56.720 --> 00:25:58.390 align:start position:0%
they're going to do with Leman. decided
they<00:25:56.880><c> weren't</c><00:25:57.039><c> going</c><00:25:57.120><c> to</c><00:25:57.200><c> save</c><00:25:57.440><c> it</c><00:25:58.000><c> and</c><00:25:58.240><c> so</c>

00:25:58.390 --> 00:25:58.400 align:start position:0%
they weren't going to save it and so
 

00:25:58.400 --> 00:26:00.789 align:start position:0%
they weren't going to save it and so
they<00:25:58.720><c> prepared</c><00:25:59.120><c> to</c><00:25:59.279><c> get</c><00:25:59.360><c> put</c><00:25:59.600><c> into</c><00:25:59.840><c> bankruptcy</c>

00:26:00.789 --> 00:26:00.799 align:start position:0%
they prepared to get put into bankruptcy
 

00:26:00.799 --> 00:26:02.549 align:start position:0%
they prepared to get put into bankruptcy
at<00:26:01.039><c> the</c><00:26:01.120><c> open</c><00:26:01.360><c> of</c><00:26:01.440><c> the</c><00:26:01.600><c> market</c><00:26:01.760><c> in</c><00:26:02.000><c> London</c><00:26:02.320><c> the</c>

00:26:02.549 --> 00:26:02.559 align:start position:0%
at the open of the market in London the
 

00:26:02.559 --> 00:26:05.590 align:start position:0%
at the open of the market in London the
next<00:26:02.720><c> day.</c>

00:26:05.590 --> 00:26:05.600 align:start position:0%
next day.
 

00:26:05.600 --> 00:26:07.669 align:start position:0%
next day.
How<00:26:05.840><c> did</c><00:26:06.000><c> you</c><00:26:06.159><c> hear</c><00:26:06.400><c> about</c><00:26:07.120><c> what</c><00:26:07.360><c> was</c><00:26:07.520><c> going</c><00:26:07.600><c> to</c>

00:26:07.669 --> 00:26:07.679 align:start position:0%
How did you hear about what was going to
 

00:26:07.679 --> 00:26:09.029 align:start position:0%
How did you hear about what was going to
happen<00:26:07.760><c> to</c><00:26:08.000><c> Leman</c><00:26:08.320><c> Brothers</c><00:26:08.559><c> and</c><00:26:08.799><c> what</c><00:26:08.960><c> did</c>

00:26:09.029 --> 00:26:09.039 align:start position:0%
happen to Leman Brothers and what did
 

00:26:09.039 --> 00:26:10.710 align:start position:0%
happen to Leman Brothers and what did
you<00:26:09.200><c> immediately</c><00:26:09.679><c> think</c><00:26:10.000><c> when</c><00:26:10.240><c> you</c><00:26:10.400><c> heard</c>

00:26:10.710 --> 00:26:10.720 align:start position:0%
you immediately think when you heard
 

00:26:10.720 --> 00:26:11.590 align:start position:0%
you immediately think when you heard
there<00:26:10.880><c> was</c><00:26:11.039><c> going</c><00:26:11.039><c> to</c><00:26:11.120><c> be</c><00:26:11.200><c> put</c><00:26:11.360><c> into</c>

00:26:11.590 --> 00:26:11.600 align:start position:0%
there was going to be put into
 

00:26:11.600 --> 00:26:13.830 align:start position:0%
there was going to be put into
bankruptcy?

00:26:13.830 --> 00:26:13.840 align:start position:0%
bankruptcy?
 

00:26:13.840 --> 00:26:17.350 align:start position:0%
bankruptcy?
I'm<00:26:14.159><c> glad</c><00:26:14.400><c> you</c><00:26:14.559><c> asked</c><00:26:14.799><c> that</c><00:26:15.120><c> question.</c><00:26:16.480><c> I</c><00:26:17.200><c> was</c>

00:26:17.350 --> 00:26:17.360 align:start position:0%
I'm glad you asked that question. I was
 

00:26:17.360 --> 00:26:20.789 align:start position:0%
I'm glad you asked that question. I was
in<00:26:17.600><c> solitary</c><00:26:18.240><c> confinement</c>

00:26:20.789 --> 00:26:20.799 align:start position:0%
in solitary confinement
 

00:26:20.799 --> 00:26:23.110 align:start position:0%
in solitary confinement
September<00:26:21.360><c> 14th</c>

00:26:23.110 --> 00:26:23.120 align:start position:0%
September 14th
 

00:26:23.120 --> 00:26:25.510 align:start position:0%
September 14th
and<00:26:23.679><c> unbe</c><00:26:24.400><c> again</c><00:26:24.720><c> some</c><00:26:24.960><c> of</c><00:26:25.039><c> the</c><00:26:25.200><c> public</c>

00:26:25.510 --> 00:26:25.520 align:start position:0%
and unbe again some of the public
 

00:26:25.520 --> 00:26:28.070 align:start position:0%
and unbe again some of the public
stories<00:26:25.919><c> about</c><00:26:26.159><c> the</c><00:26:26.960><c> wonderful</c><00:26:27.440><c> time</c><00:26:27.679><c> I</c><00:26:27.919><c> had</c>

00:26:28.070 --> 00:26:28.080 align:start position:0%
stories about the wonderful time I had
 

00:26:28.080 --> 00:26:31.029 align:start position:0%
stories about the wonderful time I had
in<00:26:28.240><c> jail</c><00:26:28.960><c> and</c><00:26:29.440><c> my</c><00:26:29.679><c> work</c><00:26:30.000><c> release</c><00:26:30.480><c> which</c><00:26:30.799><c> didn't</c>

00:26:31.029 --> 00:26:31.039 align:start position:0%
in jail and my work release which didn't
 

00:26:31.039 --> 00:26:33.350 align:start position:0%
in jail and my work release which didn't
come<00:26:31.440><c> till</c><00:26:31.760><c> months</c><00:26:32.080><c> after.</c><00:26:32.720><c> I'd</c><00:26:33.039><c> been</c><00:26:33.120><c> there</c>

00:26:33.350 --> 00:26:33.360 align:start position:0%
come till months after. I'd been there
 

00:26:33.360 --> 00:26:38.070 align:start position:0%
come till months after. I'd been there
since<00:26:33.679><c> June</c><00:26:34.640><c> in</c><00:26:34.880><c> an</c><00:26:35.039><c> 8</c><00:26:35.279><c> by10</c><00:26:35.919><c> cell</c><00:26:37.039><c> with</c><00:26:37.600><c> a</c><00:26:37.840><c> bed</c>

00:26:38.070 --> 00:26:38.080 align:start position:0%
since June in an 8 by10 cell with a bed
 

00:26:38.080 --> 00:26:42.630 align:start position:0%
since June in an 8 by10 cell with a bed
in<00:26:38.320><c> the</c><00:26:38.480><c> back,</c><00:26:39.039><c> six</c><00:26:39.200><c> foot</c><00:26:39.440><c> bed</c><00:26:39.679><c> in</c><00:26:39.840><c> the</c><00:26:40.000><c> back,</c><00:26:40.799><c> a</c>

00:26:42.630 --> 00:26:42.640 align:start position:0%
in the back, six foot bed in the back, a
 

00:26:42.640 --> 00:26:45.830 align:start position:0%
in the back, six foot bed in the back, a
uh<00:26:42.960><c> chrome</c><00:26:43.360><c> sink</c><00:26:44.240><c> with</c><00:26:44.880><c> toilet</c><00:26:45.360><c> attached</c><00:26:45.679><c> to</c>

00:26:45.830 --> 00:26:45.840 align:start position:0%
uh chrome sink with toilet attached to
 

00:26:45.840 --> 00:26:47.909 align:start position:0%
uh chrome sink with toilet attached to
it,<00:26:46.400><c> and</c><00:26:46.640><c> a</c><00:26:46.880><c> little</c><00:26:47.039><c> piece</c><00:26:47.279><c> of</c><00:26:47.440><c> metal</c><00:26:47.679><c> sticking</c>

00:26:47.909 --> 00:26:47.919 align:start position:0%
it, and a little piece of metal sticking
 

00:26:47.919 --> 00:26:50.549 align:start position:0%
it, and a little piece of metal sticking
out<00:26:48.080><c> that</c><00:26:48.320><c> was</c><00:26:48.480><c> supposed</c><00:26:48.640><c> to</c><00:26:48.799><c> act</c><00:26:48.960><c> as</c><00:26:49.120><c> a</c><00:26:49.279><c> table.</c>

00:26:50.549 --> 00:26:50.559 align:start position:0%
out that was supposed to act as a table.
 

00:26:50.559 --> 00:26:52.390 align:start position:0%
out that was supposed to act as a table.
Now,<00:26:50.880><c> since</c><00:26:51.039><c> I</c><00:26:51.279><c> was</c><00:26:51.360><c> in</c><00:26:51.520><c> jail,</c><00:26:51.840><c> there</c><00:26:52.000><c> were</c><00:26:52.159><c> no</c>

00:26:52.390 --> 00:26:52.400 align:start position:0%
Now, since I was in jail, there were no
 

00:26:52.400 --> 00:26:54.070 align:start position:0%
Now, since I was in jail, there were no
books.

00:26:54.070 --> 00:26:54.080 align:start position:0%
books.
 

00:26:54.080 --> 00:26:57.350 align:start position:0%
books.
Why?<00:26:54.720><c> There's</c><00:26:54.960><c> no</c><00:26:55.200><c> library.</c><00:26:56.559><c> No</c><00:26:56.799><c> library,</c><00:26:57.120><c> but</c>

00:26:57.350 --> 00:26:57.360 align:start position:0%
Why? There's no library. No library, but
 

00:26:57.360 --> 00:26:59.830 align:start position:0%
Why? There's no library. No library, but
you're<00:26:57.520><c> in</c><00:26:57.679><c> jail.</c><00:26:58.640><c> No,</c><00:26:58.880><c> I</c><00:26:59.039><c> was</c><00:26:59.120><c> in</c><00:26:59.360><c> jail,</c><00:26:59.679><c> not</c>

00:26:59.830 --> 00:26:59.840 align:start position:0%
you're in jail. No, I was in jail, not
 

00:26:59.840 --> 00:27:03.029 align:start position:0%
you're in jail. No, I was in jail, not
prison.<00:27:01.279><c> So</c><00:27:01.520><c> in</c><00:27:01.760><c> jail</c><00:27:02.080><c> I</c><00:27:02.240><c> was</c><00:27:02.320><c> in</c><00:27:02.480><c> a</c><00:27:02.720><c> place</c>

00:27:03.029 --> 00:27:03.039 align:start position:0%
prison. So in jail I was in a place
 

00:27:03.039 --> 00:27:05.510 align:start position:0%
prison. So in jail I was in a place
what's<00:27:03.279><c> called</c><00:27:03.360><c> the</c><00:27:03.679><c> special</c><00:27:04.080><c> housing</c><00:27:04.559><c> unit</c>

00:27:05.510 --> 00:27:05.520 align:start position:0%
what's called the special housing unit
 

00:27:05.520 --> 00:27:07.350 align:start position:0%
what's called the special housing unit
which<00:27:05.760><c> is</c><00:27:05.919><c> for</c><00:27:06.000><c> the</c><00:27:06.159><c> roughest,</c><00:27:06.640><c> toughest,</c>

00:27:07.350 --> 00:27:07.360 align:start position:0%
which is for the roughest, toughest,
 

00:27:07.360 --> 00:27:09.430 align:start position:0%
which is for the roughest, toughest,
meanest<00:27:07.919><c> people.</c>

00:27:09.430 --> 00:27:09.440 align:start position:0%
meanest people.
 

00:27:09.440 --> 00:27:11.350 align:start position:0%
meanest people.
They<00:27:09.600><c> had</c><00:27:09.840><c> put</c><00:27:10.000><c> me</c><00:27:10.159><c> there,</c><00:27:10.400><c> they</c><00:27:10.640><c> said</c><00:27:10.960><c> my</c><00:27:11.120><c> own</c>

00:27:11.350 --> 00:27:11.360 align:start position:0%
They had put me there, they said my own
 

00:27:11.360 --> 00:27:13.750 align:start position:0%
They had put me there, they said my own
protection.

00:27:13.750 --> 00:27:13.760 align:start position:0%
protection.
 

00:27:13.760 --> 00:27:16.149 align:start position:0%
protection.
So<00:27:14.000><c> I</c><00:27:14.159><c> was</c><00:27:14.240><c> in</c><00:27:14.400><c> a</c><00:27:14.799><c> 8</c><00:27:14.960><c> by10</c><00:27:15.440><c> cell</c><00:27:15.679><c> with</c><00:27:15.840><c> a</c><00:27:16.000><c> little</c>

00:27:16.149 --> 00:27:16.159 align:start position:0%
So I was in a 8 by10 cell with a little
 

00:27:16.159 --> 00:27:18.710 align:start position:0%
So I was in a 8 by10 cell with a little
slit<00:27:16.480><c> in</c><00:27:16.640><c> the</c><00:27:16.799><c> door</c><00:27:17.840><c> where</c><00:27:18.159><c> they</c><00:27:18.320><c> would</c><00:27:18.480><c> serve</c>

00:27:18.710 --> 00:27:18.720 align:start position:0%
slit in the door where they would serve
 

00:27:18.720 --> 00:27:23.430 align:start position:0%
slit in the door where they would serve
my<00:27:19.039><c> food</c><00:27:19.520><c> on</c><00:27:19.679><c> a</c><00:27:20.880><c> on</c><00:27:21.039><c> a</c><00:27:21.200><c> tray</c><00:27:21.520><c> about</c><00:27:22.400><c> 9</c><00:27:22.640><c> in</c><00:27:23.039><c> by</c><00:27:23.200><c> 4</c>

00:27:23.430 --> 00:27:23.440 align:start position:0%
my food on a on a tray about 9 in by 4
 

00:27:23.440 --> 00:27:26.390 align:start position:0%
my food on a on a tray about 9 in by 4
in.<00:27:24.799><c> And</c><00:27:25.039><c> then</c><00:27:25.520><c> soon</c><00:27:25.679><c> as</c><00:27:25.840><c> I</c><00:27:26.000><c> finished</c><00:27:26.159><c> eating,</c>

00:27:26.390 --> 00:27:26.400 align:start position:0%
in. And then soon as I finished eating,
 

00:27:26.400 --> 00:27:27.830 align:start position:0%
in. And then soon as I finished eating,
they<00:27:26.559><c> would</c><00:27:26.720><c> take</c><00:27:26.799><c> the</c><00:27:26.960><c> tray</c><00:27:27.120><c> and</c><00:27:27.440><c> close</c><00:27:27.679><c> it</c>

00:27:27.830 --> 00:27:27.840 align:start position:0%
they would take the tray and close it
 

00:27:27.840 --> 00:27:31.990 align:start position:0%
they would take the tray and close it
down.<00:27:28.880><c> And</c><00:27:29.200><c> one</c><00:27:29.440><c> of</c><00:27:29.520><c> the</c><00:27:29.679><c> guards</c><00:27:30.320><c> said,</c><00:27:31.679><c> "Do</c>

00:27:31.990 --> 00:27:32.000 align:start position:0%
down. And one of the guards said, "Do
 

00:27:32.000 --> 00:27:33.430 align:start position:0%
down. And one of the guards said, "Do
you<00:27:32.159><c> understand?</c><00:27:32.559><c> There's</c><00:27:32.720><c> a</c><00:27:32.880><c> cr</c><00:27:33.120><c> there's</c>

00:27:33.430 --> 00:27:33.440 align:start position:0%
you understand? There's a cr there's
 

00:27:33.440 --> 00:27:36.149 align:start position:0%
you understand? There's a cr there's
Wall<00:27:33.600><c> Street's</c><00:27:34.080><c> crashing.</c><00:27:35.279><c> I'm</c><00:27:35.440><c> I'm</c><00:27:35.840><c> worried</c>

00:27:36.149 --> 00:27:36.159 align:start position:0%
Wall Street's crashing. I'm I'm worried
 

00:27:36.159 --> 00:27:38.549 align:start position:0%
Wall Street's crashing. I'm I'm worried
about<00:27:36.400><c> my</c><00:27:36.640><c> pension</c><00:27:37.039><c> fund.</c><00:27:37.919><c> What</c><00:27:38.159><c> should</c><00:27:38.320><c> I</c>

00:27:38.549 --> 00:27:38.559 align:start position:0%
about my pension fund. What should I
 

00:27:38.559 --> 00:27:40.310 align:start position:0%
about my pension fund. What should I
do?"

00:27:40.310 --> 00:27:40.320 align:start position:0%
do?"
 

00:27:40.320 --> 00:27:42.470 align:start position:0%
do?"
And<00:27:40.480><c> I</c><00:27:40.720><c> said,</c><00:27:41.200><c> "Sorry,</c><00:27:42.000><c> Wall</c><00:27:42.159><c> Street's</c>

00:27:42.470 --> 00:27:42.480 align:start position:0%
And I said, "Sorry, Wall Street's
 

00:27:42.480 --> 00:27:45.029 align:start position:0%
And I said, "Sorry, Wall Street's
crashing.<00:27:42.960><c> What's</c><00:27:43.200><c> happened?"</c><00:27:44.559><c> And</c><00:27:44.799><c> he</c><00:27:44.960><c> said,</c>

00:27:45.029 --> 00:27:45.039 align:start position:0%
crashing. What's happened?" And he said,
 

00:27:45.039 --> 00:27:47.510 align:start position:0%
crashing. What's happened?" And he said,
"There's<00:27:45.440><c> some</c><00:27:46.000><c> crisis</c><00:27:46.559><c> and</c><00:27:46.799><c> some</c><00:27:47.120><c> companies</c>

00:27:47.510 --> 00:27:47.520 align:start position:0%
"There's some crisis and some companies
 

00:27:47.520 --> 00:27:50.070 align:start position:0%
"There's some crisis and some companies
are<00:27:47.760><c> going</c><00:27:48.559><c> bankrupt."</c>

00:27:50.070 --> 00:27:50.080 align:start position:0%
are going bankrupt."
 

00:27:50.080 --> 00:27:52.789 align:start position:0%
are going bankrupt."
I<00:27:50.240><c> said,</c><00:27:50.720><c> "Are</c><00:27:51.200><c> you</c><00:27:51.440><c> sure?"</c><00:27:52.480><c> And</c><00:27:52.640><c> he</c><00:27:52.720><c> said,</c>

00:27:52.789 --> 00:27:52.799 align:start position:0%
I said, "Are you sure?" And he said,
 

00:27:52.799 --> 00:27:54.149 align:start position:0%
I said, "Are you sure?" And he said,
"Yeah,<00:27:53.120><c> it's</c><00:27:53.279><c> all</c><00:27:53.440><c> over</c><00:27:53.600><c> the</c><00:27:53.760><c> papers.</c>

00:27:54.149 --> 00:27:54.159 align:start position:0%
"Yeah, it's all over the papers.
 

00:27:54.159 --> 00:27:55.430 align:start position:0%
"Yeah, it's all over the papers.
Everybody's<00:27:54.480><c> ter</c><00:27:54.720><c> we're</c><00:27:54.880><c> all</c><00:27:55.039><c> terrified</c>

00:27:55.430 --> 00:27:55.440 align:start position:0%
Everybody's ter we're all terrified
 

00:27:55.440 --> 00:27:57.269 align:start position:0%
Everybody's ter we're all terrified
we're<00:27:55.600><c> going</c><00:27:55.679><c> to</c><00:27:55.760><c> lose</c><00:27:55.919><c> our</c><00:27:56.240><c> life</c><00:27:56.559><c> savings</c>

00:27:57.269 --> 00:27:57.279 align:start position:0%
we're going to lose our life savings
 

00:27:57.279 --> 00:27:59.430 align:start position:0%
we're going to lose our life savings
because<00:27:57.520><c> we</c><00:27:57.760><c> have</c><00:27:57.840><c> either</c><00:27:58.080><c> a</c><00:27:58.320><c> 401k</c><00:27:59.039><c> or</c><00:27:59.279><c> our</c>

00:27:59.430 --> 00:27:59.440 align:start position:0%
because we have either a 401k or our
 

00:27:59.440 --> 00:28:00.710 align:start position:0%
because we have either a 401k or our
pension<00:27:59.760><c> funds.</c><00:28:00.080><c> We</c><00:28:00.159><c> don't</c><00:28:00.320><c> know</c><00:28:00.480><c> anything</c>

00:28:00.710 --> 00:28:00.720 align:start position:0%
pension funds. We don't know anything
 

00:28:00.720 --> 00:28:03.029 align:start position:0%
pension funds. We don't know anything
about<00:28:00.880><c> money.</c><00:28:01.279><c> Mr.</c><00:28:01.600><c> Epstein,</c><00:28:02.480><c> can</c><00:28:02.720><c> you</c><00:28:02.960><c> tell</c>

00:28:03.029 --> 00:28:03.039 align:start position:0%
about money. Mr. Epstein, can you tell
 

00:28:03.039 --> 00:28:05.430 align:start position:0%
about money. Mr. Epstein, can you tell
us<00:28:03.279><c> like</c><00:28:03.520><c> what's</c><00:28:03.840><c> going</c><00:28:04.000><c> on?</c><00:28:04.640><c> Am</c><00:28:04.799><c> I</c><00:28:04.960><c> going</c><00:28:05.039><c> to</c>

00:28:05.430 --> 00:28:05.440 align:start position:0%
us like what's going on? Am I going to
 

00:28:05.440 --> 00:28:06.630 align:start position:0%
us like what's going on? Am I going to
am<00:28:05.679><c> I</c><00:28:05.840><c> going</c><00:28:05.840><c> to</c><00:28:05.919><c> be</c><00:28:06.000><c> able</c><00:28:06.080><c> to</c><00:28:06.159><c> afford</c><00:28:06.480><c> my</c>

00:28:06.630 --> 00:28:06.640 align:start position:0%
am I going to be able to afford my
 

00:28:06.640 --> 00:28:08.149 align:start position:0%
am I going to be able to afford my
children's<00:28:07.120><c> education?</c><00:28:07.600><c> Am</c><00:28:07.760><c> I</c><00:28:07.840><c> going</c><00:28:07.919><c> to</c><00:28:08.000><c> be</c>

00:28:08.149 --> 00:28:08.159 align:start position:0%
children's education? Am I going to be
 

00:28:08.159 --> 00:28:09.909 align:start position:0%
children's education? Am I going to be
bankrupted<00:28:08.720><c> like</c><00:28:08.960><c> this</c><00:28:09.440><c> company</c><00:28:09.679><c> called</c>

00:28:09.909 --> 00:28:09.919 align:start position:0%
bankrupted like this company called
 

00:28:09.919 --> 00:28:11.909 align:start position:0%
bankrupted like this company called
Lehman<00:28:10.399><c> Brothers?</c>

00:28:11.909 --> 00:28:11.919 align:start position:0%
Lehman Brothers?
 

00:28:11.919 --> 00:28:13.830 align:start position:0%
Lehman Brothers?
And<00:28:12.320><c> there's</c><00:28:12.720><c> another</c><00:28:13.039><c> company</c><00:28:13.279><c> in</c><00:28:13.520><c> the</c><00:28:13.679><c> front</c>

00:28:13.830 --> 00:28:13.840 align:start position:0%
And there's another company in the front
 

00:28:13.840 --> 00:28:15.750 align:start position:0%
And there's another company in the front
page<00:28:14.240><c> today</c>

00:28:15.750 --> 00:28:15.760 align:start position:0%
page today
 

00:28:15.760 --> 00:28:19.110 align:start position:0%
page today
called<00:28:16.080><c> Bear</c><00:28:16.559><c> Sterns.</c>

00:28:19.110 --> 00:28:19.120 align:start position:0%
called Bear Sterns.
 

00:28:19.120 --> 00:28:24.549 align:start position:0%
called Bear Sterns.
Oh<00:28:19.360><c> no,</c><00:28:20.559><c> I</c><00:28:20.880><c> said.</c><00:28:22.159><c> Why?</c><00:28:22.720><c> because</c><00:28:24.000><c> that's</c><00:28:24.320><c> the</c>

00:28:24.549 --> 00:28:24.559 align:start position:0%
Oh no, I said. Why? because that's the
 

00:28:24.559 --> 00:28:27.669 align:start position:0%
Oh no, I said. Why? because that's the
company<00:28:24.799><c> I</c><00:28:25.039><c> was</c><00:28:25.840><c> a</c><00:28:26.080><c> partner</c><00:28:26.320><c> in</c><00:28:26.960><c> and</c><00:28:27.279><c> in</c><00:28:27.440><c> fact</c>

00:28:27.669 --> 00:28:27.679 align:start position:0%
company I was a partner in and in fact
 

00:28:27.679 --> 00:28:29.430 align:start position:0%
company I was a partner in and in fact
that<00:28:27.919><c> was</c><00:28:28.000><c> a</c><00:28:28.240><c> company</c><00:28:28.399><c> I</c><00:28:28.640><c> had</c><00:28:28.720><c> a</c><00:28:28.960><c> very</c><00:28:29.120><c> large</c>

00:28:29.430 --> 00:28:29.440 align:start position:0%
that was a company I had a very large
 

00:28:29.440 --> 00:28:31.510 align:start position:0%
that was a company I had a very large
investment<00:28:29.919><c> in.</c>

00:28:31.510 --> 00:28:31.520 align:start position:0%
investment in.
 

00:28:31.520 --> 00:28:35.029 align:start position:0%
investment in.
So,<00:28:32.640><c> as</c><00:28:32.880><c> a</c><00:28:33.120><c> great</c><00:28:33.360><c> story,</c>

00:28:35.029 --> 00:28:35.039 align:start position:0%
So, as a great story,
 

00:28:35.039 --> 00:28:37.430 align:start position:0%
So, as a great story,
I<00:28:35.520><c> I</c><00:28:35.919><c> didn't</c><00:28:36.159><c> have</c><00:28:36.240><c> my</c><00:28:36.399><c> Wall</c><00:28:36.640><c> Street</c><00:28:36.880><c> Journal,</c>

00:28:37.430 --> 00:28:37.440 align:start position:0%
I I didn't have my Wall Street Journal,
 

00:28:37.440 --> 00:28:40.549 align:start position:0%
I I didn't have my Wall Street Journal,
but<00:28:38.640><c> in</c><00:28:38.880><c> the</c><00:28:39.600><c> early</c><00:28:39.919><c> mornings,</c><00:28:40.320><c> you're</c>

00:28:40.549 --> 00:28:40.559 align:start position:0%
but in the early mornings, you're
 

00:28:40.559 --> 00:28:42.630 align:start position:0%
but in the early mornings, you're
allowed<00:28:40.720><c> to</c><00:28:40.880><c> make</c><00:28:41.120><c> two</c><00:28:41.360><c> phone</c><00:28:41.600><c> calls.</c>

00:28:42.630 --> 00:28:42.640 align:start position:0%
allowed to make two phone calls.
 

00:28:42.640 --> 00:28:45.590 align:start position:0%
allowed to make two phone calls.
Collect.<00:28:44.000><c> And</c><00:28:44.240><c> when</c><00:28:44.399><c> you</c><00:28:44.720><c> you</c><00:28:45.039><c> pick</c><00:28:45.200><c> up</c><00:28:45.360><c> the</c>

00:28:45.590 --> 00:28:45.600 align:start position:0%
Collect. And when you you pick up the
 

00:28:45.600 --> 00:28:47.110 align:start position:0%
Collect. And when you you pick up the
phone,

00:28:47.110 --> 00:28:47.120 align:start position:0%
phone,
 

00:28:47.120 --> 00:28:49.669 align:start position:0%
phone,
you<00:28:47.360><c> can</c><00:28:47.520><c> dial</c><00:28:47.760><c> a</c><00:28:48.000><c> number</c><00:28:48.720><c> and</c><00:28:49.279><c> when</c><00:28:49.440><c> the</c>

00:28:49.669 --> 00:28:49.679 align:start position:0%
you can dial a number and when the
 

00:28:49.679 --> 00:28:50.950 align:start position:0%
you can dial a number and when the
person<00:28:49.840><c> picks</c><00:28:50.159><c> up,</c><00:28:50.320><c> they</c><00:28:50.480><c> say,</c><00:28:50.640><c> "You're</c>

00:28:50.950 --> 00:28:50.960 align:start position:0%
person picks up, they say, "You're
 

00:28:50.960 --> 00:28:52.549 align:start position:0%
person picks up, they say, "You're
getting<00:28:51.200><c> a</c><00:28:51.360><c> call</c><00:28:51.600><c> from</c><00:28:51.840><c> the</c><00:28:52.000><c> Palm</c><00:28:52.240><c> Beach</c>

00:28:52.549 --> 00:28:52.559 align:start position:0%
getting a call from the Palm Beach
 

00:28:52.559 --> 00:28:55.590 align:start position:0%
getting a call from the Palm Beach
County<00:28:53.039><c> Jail.</c><00:28:54.159><c> Will</c><00:28:54.399><c> you</c><00:28:54.640><c> accept</c><00:28:55.120><c> reverse</c>

00:28:55.590 --> 00:28:55.600 align:start position:0%
County Jail. Will you accept reverse
 

00:28:55.600 --> 00:28:57.110 align:start position:0%
County Jail. Will you accept reverse
charges?"

00:28:57.110 --> 00:28:57.120 align:start position:0%
charges?"
 

00:28:57.120 --> 00:28:59.590 align:start position:0%
charges?"
And<00:28:57.279><c> the</c><00:28:57.520><c> person</c><00:28:57.679><c> either</c><00:28:58.000><c> says,</c><00:28:58.159><c> "Yes."</c><00:28:59.440><c> and</c>

00:28:59.590 --> 00:28:59.600 align:start position:0%
And the person either says, "Yes." and
 

00:28:59.600 --> 00:29:01.110 align:start position:0%
And the person either says, "Yes." and
they<00:28:59.919><c> call</c><00:29:00.240><c> goes</c><00:29:00.399><c> through</c><00:29:00.640><c> or</c><00:29:00.799><c> the</c><00:29:00.960><c> person</c>

00:29:01.110 --> 00:29:01.120 align:start position:0%
they call goes through or the person
 

00:29:01.120 --> 00:29:03.029 align:start position:0%
they call goes through or the person
says<00:29:01.360><c> no.</c>

00:29:03.029 --> 00:29:03.039 align:start position:0%
says no.
 

00:29:03.039 --> 00:29:06.070 align:start position:0%
says no.
The<00:29:03.279><c> person</c><00:29:03.679><c> I</c><00:29:04.000><c> had</c><00:29:04.159><c> called</c><00:29:04.480><c> was</c><00:29:04.720><c> Jimmy</c><00:29:05.039><c> Kaine,</c>

00:29:06.070 --> 00:29:06.080 align:start position:0%
The person I had called was Jimmy Kaine,
 

00:29:06.080 --> 00:29:08.789 align:start position:0%
The person I had called was Jimmy Kaine,
the<00:29:06.320><c> president</c><00:29:06.640><c> of</c><00:29:06.799><c> Bear</c><00:29:07.120><c> Sterns.</c>

00:29:08.789 --> 00:29:08.799 align:start position:0%
the president of Bear Sterns.
 

00:29:08.799 --> 00:29:12.230 align:start position:0%
the president of Bear Sterns.
And<00:29:08.960><c> I</c><00:29:09.200><c> said,</c><00:29:09.520><c> "Tell</c><00:29:09.919><c> me</c><00:29:10.080><c> what's</c><00:29:10.399><c> going</c><00:29:10.559><c> on."</c>

00:29:12.230 --> 00:29:12.240 align:start position:0%
And I said, "Tell me what's going on."
 

00:29:12.240 --> 00:29:13.830 align:start position:0%
And I said, "Tell me what's going on."
And<00:29:12.399><c> so</c><00:29:12.559><c> that</c><00:29:12.880><c> my</c><00:29:13.120><c> knowledge</c><00:29:13.440><c> of</c><00:29:13.600><c> the</c>

00:29:13.830 --> 00:29:13.840 align:start position:0%
And so that my knowledge of the
 

00:29:13.840 --> 00:29:16.230 align:start position:0%
And so that my knowledge of the
financial<00:29:14.240><c> crisis</c><00:29:14.640><c> happened</c><00:29:14.960><c> with</c><00:29:15.440><c> Jimmy</c><00:29:16.080><c> who</c>

00:29:16.230 --> 00:29:16.240 align:start position:0%
financial crisis happened with Jimmy who
 

00:29:16.240 --> 00:29:18.950 align:start position:0%
financial crisis happened with Jimmy who
was<00:29:16.399><c> at</c><00:29:16.559><c> the</c><00:29:16.720><c> center</c><00:29:16.960><c> of</c><00:29:17.120><c> the</c><00:29:17.600><c> storm</c><00:29:18.559><c> telling</c>

00:29:18.950 --> 00:29:18.960 align:start position:0%
was at the center of the storm telling
 

00:29:18.960 --> 00:29:23.190 align:start position:0%
was at the center of the storm telling
me<00:29:19.279><c> about</c><00:29:19.679><c> what</c><00:29:20.320><c> Lehman</c><00:29:20.720><c> had</c><00:29:20.880><c> gone</c><00:29:21.120><c> under.</c><00:29:21.919><c> And</c>

00:29:23.190 --> 00:29:23.200 align:start position:0%
me about what Lehman had gone under. And
 

00:29:23.200 --> 00:29:25.029 align:start position:0%
me about what Lehman had gone under. And
they<00:29:23.520><c> were</c><00:29:23.760><c> trying</c><00:29:23.919><c> to</c><00:29:24.080><c> figure</c><00:29:24.240><c> out</c><00:29:24.399><c> a</c><00:29:24.640><c> way</c>

00:29:25.029 --> 00:29:25.039 align:start position:0%
they were trying to figure out a way
 

00:29:25.039 --> 00:29:28.630 align:start position:0%
they were trying to figure out a way
should<00:29:25.279><c> they</c><00:29:25.520><c> bail</c><00:29:25.760><c> out</c><00:29:26.000><c> Bear</c><00:29:26.320><c> Sterns.</c>

00:29:28.630 --> 00:29:28.640 align:start position:0%
should they bail out Bear Sterns.
 

00:29:28.640 --> 00:29:30.710 align:start position:0%
should they bail out Bear Sterns.
the<00:29:29.200><c> um</c>

00:29:30.710 --> 00:29:30.720 align:start position:0%
the um
 

00:29:30.720 --> 00:29:34.470 align:start position:0%
the um
did<00:29:30.960><c> it</c><00:29:31.120><c> strike</c><00:29:31.360><c> you</c><00:29:31.520><c> at</c><00:29:31.760><c> the</c><00:29:31.919><c> time</c><00:29:32.960><c> of</c>

00:29:34.470 --> 00:29:34.480 align:start position:0%
did it strike you at the time of
 

00:29:34.480 --> 00:29:36.549 align:start position:0%
did it strike you at the time of
the<00:29:34.720><c> mess</c><00:29:34.960><c> you</c><00:29:35.120><c> had</c><00:29:35.360><c> made</c><00:29:35.520><c> of</c><00:29:35.679><c> your</c><00:29:35.840><c> life</c><00:29:36.159><c> to</c><00:29:36.399><c> be</c>

00:29:36.549 --> 00:29:36.559 align:start position:0%
the mess you had made of your life to be
 

00:29:36.559 --> 00:29:38.389 align:start position:0%
the mess you had made of your life to be
in<00:29:36.720><c> a</c><00:29:36.960><c> situation</c><00:29:37.520><c> that</c><00:29:37.840><c> you're</c><00:29:38.080><c> one</c><00:29:38.240><c> of</c><00:29:38.240><c> the</c>

00:29:38.389 --> 00:29:38.399 align:start position:0%
in a situation that you're one of the
 

00:29:38.399 --> 00:29:40.310 align:start position:0%
in a situation that you're one of the
greatest<00:29:38.880><c> financial</c><00:29:39.360><c> minds</c><00:29:39.600><c> in</c><00:29:39.760><c> the</c><00:29:39.919><c> world</c>

00:29:40.310 --> 00:29:40.320 align:start position:0%
greatest financial minds in the world
 

00:29:40.320 --> 00:29:44.149 align:start position:0%
greatest financial minds in the world
looked<00:29:40.640><c> at</c><00:29:40.799><c> by</c><00:29:41.520><c> world</c><00:29:41.919><c> leaders</c><00:29:42.399><c> and</c><00:29:43.600><c> uh</c><00:29:43.840><c> asked</c>

00:29:44.149 --> 00:29:44.159 align:start position:0%
looked at by world leaders and uh asked
 

00:29:44.159 --> 00:29:47.029 align:start position:0%
looked at by world leaders and uh asked
their<00:29:44.480><c> you</c><00:29:44.720><c> know</c><00:29:45.120><c> uh</c><00:29:45.279><c> you're</c><00:29:45.679><c> thinking</c><00:29:46.559><c> by</c><00:29:46.880><c> the</c>

00:29:47.029 --> 00:29:47.039 align:start position:0%
their you know uh you're thinking by the
 

00:29:47.039 --> 00:29:48.549 align:start position:0%
their you know uh you're thinking by the
most<00:29:47.279><c> prominent</c><00:29:47.679><c> and</c><00:29:47.840><c> important</c><00:29:48.159><c> people</c><00:29:48.399><c> in</c>

00:29:48.549 --> 00:29:48.559 align:start position:0%
most prominent and important people in
 

00:29:48.559 --> 00:29:51.750 align:start position:0%
most prominent and important people in
the<00:29:48.799><c> world</c><00:29:49.520><c> and</c><00:29:50.000><c> here</c><00:29:50.240><c> you</c><00:29:50.480><c> are</c><00:29:50.640><c> in</c><00:29:51.120><c> solitary</c>

00:29:51.750 --> 00:29:51.760 align:start position:0%
the world and here you are in solitary
 

00:29:51.760 --> 00:29:53.590 align:start position:0%
the world and here you are in solitary
confinement<00:29:52.240><c> you</c><00:29:52.399><c> can't</c><00:29:52.559><c> even</c><00:29:53.279><c> you</c><00:29:53.440><c> can't</c>

00:29:53.590 --> 00:29:53.600 align:start position:0%
confinement you can't even you can't
 

00:29:53.600 --> 00:29:55.669 align:start position:0%
confinement you can't even you can't
even<00:29:53.840><c> you</c><00:29:54.000><c> got</c><00:29:54.159><c> to</c><00:29:54.240><c> make</c><00:29:54.320><c> a</c><00:29:54.480><c> collect</c><00:29:54.880><c> call</c><00:29:55.440><c> to</c>

00:29:55.669 --> 00:29:55.679 align:start position:0%
even you got to make a collect call to
 

00:29:55.679 --> 00:29:57.510 align:start position:0%
even you got to make a collect call to
somebody<00:29:56.080><c> did</c><00:29:56.240><c> did</c><00:29:56.399><c> it</c><00:29:56.559><c> did</c><00:29:56.799><c> it</c><00:29:56.960><c> strike</c><00:29:57.200><c> you</c><00:29:57.360><c> at</c>

00:29:57.510 --> 00:29:57.520 align:start position:0%
somebody did did it did it strike you at
 

00:29:57.520 --> 00:30:01.190 align:start position:0%
somebody did did it did it strike you at
the<00:29:57.760><c> time</c><00:29:59.120><c> how</c>

00:30:01.190 --> 00:30:01.200 align:start position:0%
the time how
 

00:30:01.200 --> 00:30:03.669 align:start position:0%
the time how
how<00:30:02.320><c> all</c><00:30:02.480><c> the</c><00:30:02.720><c> threads</c><00:30:03.039><c> of</c><00:30:03.120><c> your</c><00:30:03.279><c> life</c><00:30:03.440><c> had</c>

00:30:03.669 --> 00:30:03.679 align:start position:0%
how all the threads of your life had
 

00:30:03.679 --> 00:30:06.549 align:start position:0%
how all the threads of your life had
come<00:30:03.840><c> together</c><00:30:04.240><c> and</c><00:30:04.480><c> and</c><00:30:04.480><c> and</c><00:30:04.880><c> and</c><00:30:06.080><c> put</c><00:30:06.320><c> you</c><00:30:06.399><c> in</c>

00:30:06.549 --> 00:30:06.559 align:start position:0%
come together and and and and put you in
 

00:30:06.559 --> 00:30:07.990 align:start position:0%
come together and and and and put you in
a<00:30:06.640><c> position</c><00:30:06.960><c> or</c><00:30:07.120><c> you</c><00:30:07.279><c> had</c><00:30:07.440><c> put</c><00:30:07.600><c> yourself</c><00:30:07.840><c> in</c>

00:30:07.990 --> 00:30:08.000 align:start position:0%
a position or you had put yourself in
 

00:30:08.000 --> 00:30:10.070 align:start position:0%
a position or you had put yourself in
that<00:30:08.240><c> position.</c>

00:30:10.070 --> 00:30:10.080 align:start position:0%
that position.
 

00:30:10.080 --> 00:30:13.590 align:start position:0%
that position.
&gt;&gt; No.

00:30:13.590 --> 00:30:13.600 align:start position:0%
 
 

00:30:13.600 --> 00:30:15.190 align:start position:0%
 
So<00:30:13.840><c> it</c><00:30:14.080><c> never</c><00:30:14.320><c> struck</c><00:30:14.559><c> you</c><00:30:14.640><c> when</c><00:30:14.880><c> you</c><00:30:14.960><c> had</c><00:30:15.120><c> to</c>

00:30:15.190 --> 00:30:15.200 align:start position:0%
So it never struck you when you had to
 

00:30:15.200 --> 00:30:17.190 align:start position:0%
So it never struck you when you had to
make<00:30:15.279><c> a</c><00:30:15.440><c> collect</c><00:30:15.840><c> your</c><00:30:16.080><c> one</c><00:30:16.320><c> collect</c><00:30:16.640><c> call</c><00:30:17.039><c> one</c>

00:30:17.190 --> 00:30:17.200 align:start position:0%
make a collect your one collect call one
 

00:30:17.200 --> 00:30:19.350 align:start position:0%
make a collect your one collect call one
of<00:30:17.360><c> your</c><00:30:17.520><c> two</c><00:30:18.000><c> 50%</c><00:30:18.480><c> of</c><00:30:18.640><c> your</c><00:30:18.799><c> collect</c><00:30:19.120><c> calls</c>

00:30:19.350 --> 00:30:19.360 align:start position:0%
of your two 50% of your collect calls
 

00:30:19.360 --> 00:30:21.350 align:start position:0%
of your two 50% of your collect calls
that<00:30:19.600><c> day</c><00:30:20.240><c> you</c><00:30:20.399><c> call</c><00:30:20.640><c> the</c><00:30:20.799><c> president</c><00:30:21.039><c> or</c><00:30:21.200><c> the</c>

00:30:21.350 --> 00:30:21.360 align:start position:0%
that day you call the president or the
 

00:30:21.360 --> 00:30:23.669 align:start position:0%
that day you call the president or the
head<00:30:21.440><c> of</c><00:30:21.520><c> the</c><00:30:21.679><c> CEO</c><00:30:21.919><c> of</c><00:30:22.080><c> Bear</c><00:30:22.399><c> Sterns</c><00:30:23.360><c> the</c>

00:30:23.669 --> 00:30:23.679 align:start position:0%
head of the CEO of Bear Sterns the
 

00:30:23.679 --> 00:30:25.510 align:start position:0%
head of the CEO of Bear Sterns the
biggest<00:30:24.000><c> financial</c>

00:30:25.510 --> 00:30:25.520 align:start position:0%
biggest financial
 

00:30:25.520 --> 00:30:30.710 align:start position:0%
biggest financial
event<00:30:26.880><c> in</c><00:30:27.200><c> your</c><00:30:27.440><c> life</c><00:30:28.399><c> is</c><00:30:28.720><c> taking</c><00:30:29.039><c> place</c><00:30:30.480><c> of</c>

00:30:30.710 --> 00:30:30.720 align:start position:0%
event in your life is taking place of
 

00:30:30.720 --> 00:30:33.269 align:start position:0%
event in your life is taking place of
which<00:30:31.200><c> one</c>

00:30:33.269 --> 00:30:33.279 align:start position:0%
which one
 

00:30:33.279 --> 00:30:34.710 align:start position:0%
which one
every<00:30:33.520><c> important</c><00:30:33.919><c> person</c><00:30:34.159><c> in</c><00:30:34.320><c> the</c><00:30:34.480><c> world</c>

00:30:34.710 --> 00:30:34.720 align:start position:0%
every important person in the world
 

00:30:34.720 --> 00:30:36.230 align:start position:0%
every important person in the world
would<00:30:34.960><c> be</c><00:30:35.120><c> seeking</c><00:30:35.360><c> your</c><00:30:35.600><c> opinion.</c><00:30:35.919><c> Number</c>

00:30:36.230 --> 00:30:36.240 align:start position:0%
would be seeking your opinion. Number
 

00:30:36.240 --> 00:30:39.510 align:start position:0%
would be seeking your opinion. Number
two<00:30:36.480><c> would</c><00:30:36.640><c> be</c><00:30:36.720><c> a</c><00:30:37.760><c> uh</c><00:30:38.320><c> a</c><00:30:38.559><c> once</c><00:30:38.799><c> in</c><00:30:38.880><c> a-lifetime</c>

00:30:39.510 --> 00:30:39.520 align:start position:0%
two would be a uh a once in a-lifetime
 

00:30:39.520 --> 00:30:42.789 align:start position:0%
two would be a uh a once in a-lifetime
opportunity<00:30:40.640><c> to</c><00:30:41.520><c> apply</c><00:30:41.840><c> your</c><00:30:42.080><c> craft.</c><00:30:42.559><c> Number</c>

00:30:42.789 --> 00:30:42.799 align:start position:0%
opportunity to apply your craft. Number
 

00:30:42.799 --> 00:30:44.230 align:start position:0%
opportunity to apply your craft. Number
three,<00:30:43.039><c> it</c><00:30:43.200><c> would</c><00:30:43.279><c> be</c><00:30:43.360><c> a</c><00:30:43.520><c> once</c><00:30:43.679><c> in</c><00:30:43.760><c> a</c><00:30:43.840><c> lifetime</c>

00:30:44.230 --> 00:30:44.240 align:start position:0%
three, it would be a once in a lifetime
 

00:30:44.240 --> 00:30:46.070 align:start position:0%
three, it would be a once in a lifetime
opportunity<00:30:44.559><c> to</c><00:30:44.799><c> make</c><00:30:45.039><c> money</c><00:30:45.600><c> if</c><00:30:45.760><c> you</c><00:30:45.919><c> were</c>

00:30:46.070 --> 00:30:46.080 align:start position:0%
opportunity to make money if you were
 

00:30:46.080 --> 00:30:48.070 align:start position:0%
opportunity to make money if you were
smart.<00:30:46.399><c> And</c><00:30:46.559><c> obviously</c><00:30:46.880><c> you're</c><00:30:47.120><c> smart.</c>

00:30:48.070 --> 00:30:48.080 align:start position:0%
smart. And obviously you're smart.
 

00:30:48.080 --> 00:30:50.870 align:start position:0%
smart. And obviously you're smart.
You're<00:30:48.399><c> telling</c><00:30:48.640><c> me</c><00:30:48.880><c> here</c><00:30:49.600><c> truthfully</c><00:30:50.559><c> that</c>

00:30:50.870 --> 00:30:50.880 align:start position:0%
You're telling me here truthfully that
 

00:30:50.880 --> 00:30:52.710 align:start position:0%
You're telling me here truthfully that
it<00:30:51.200><c> never</c>

00:30:52.710 --> 00:30:52.720 align:start position:0%
it never
 

00:30:52.720 --> 00:30:55.190 align:start position:0%
it never
hit<00:30:52.960><c> you</c><00:30:53.120><c> at</c><00:30:53.360><c> all</c><00:30:53.679><c> of</c><00:30:54.320><c> how</c><00:30:54.559><c> you</c><00:30:54.720><c> had</c><00:30:54.880><c> ended</c><00:30:55.120><c> up</c>

00:30:55.190 --> 00:30:55.200 align:start position:0%
hit you at all of how you had ended up
 

00:30:55.200 --> 00:30:57.990 align:start position:0%
hit you at all of how you had ended up
in<00:30:55.440><c> a</c><00:30:55.600><c> place</c><00:30:56.240><c> where</c><00:30:56.480><c> you</c><00:30:56.640><c> had</c><00:30:56.799><c> to</c><00:30:57.039><c> make</c><00:30:57.760><c> a</c>

00:30:57.990 --> 00:30:58.000 align:start position:0%
in a place where you had to make a
 

00:30:58.000 --> 00:31:01.190 align:start position:0%
in a place where you had to make a
collect<00:30:58.399><c> phone</c><00:30:58.640><c> call</c><00:30:59.440><c> from</c><00:31:00.000><c> a</c><00:31:00.320><c> jail</c><00:31:00.559><c> cell</c><00:31:00.960><c> that</c>

00:31:01.190 --> 00:31:01.200 align:start position:0%
collect phone call from a jail cell that
 

00:31:01.200 --> 00:31:04.470 align:start position:0%
collect phone call from a jail cell that
was<00:31:01.600><c> 6x9</c><00:31:02.399><c> with</c><00:31:02.559><c> a</c><00:31:02.880><c> steel</c><00:31:03.279><c> bed</c><00:31:03.840><c> and</c><00:31:04.080><c> your</c><00:31:04.240><c> food</c>

00:31:04.470 --> 00:31:04.480 align:start position:0%
was 6x9 with a steel bed and your food
 

00:31:04.480 --> 00:31:08.149 align:start position:0%
was 6x9 with a steel bed and your food
being<00:31:04.799><c> passed</c><00:31:05.919><c> into</c><00:31:06.640><c> through</c><00:31:06.799><c> a</c><00:31:07.039><c> slot.</c>

00:31:08.149 --> 00:31:08.159 align:start position:0%
being passed into through a slot.
 

00:31:08.159 --> 00:31:10.389 align:start position:0%
being passed into through a slot.
&gt;&gt; The<00:31:08.399><c> question</c><00:31:08.640><c> you</c><00:31:08.880><c> want</c><00:31:09.039><c> to</c><00:31:09.120><c> ask</c><00:31:09.360><c> is</c><00:31:10.080><c> who</c><00:31:10.240><c> was</c>

00:31:10.389 --> 00:31:10.399 align:start position:0%
&gt;&gt; The question you want to ask is who was
 

00:31:10.399 --> 00:31:12.789 align:start position:0%
&gt;&gt; The question you want to ask is who was
the<00:31:10.559><c> other</c><00:31:10.799><c> call</c><00:31:11.039><c> to?</c>

00:31:12.789 --> 00:31:12.799 align:start position:0%
the other call to?
 

00:31:12.799 --> 00:31:14.549 align:start position:0%
the other call to?
&gt;&gt; Who<00:31:13.039><c> was</c><00:31:13.120><c> the</c><00:31:13.279><c> other</c><00:31:13.440><c> call</c><00:31:13.679><c> to?</c><00:31:14.240><c> The</c><00:31:14.399><c> other</c>

00:31:14.549 --> 00:31:14.559 align:start position:0%
&gt;&gt; Who was the other call to? The other
 

00:31:14.559 --> 00:31:17.510 align:start position:0%
&gt;&gt; Who was the other call to? The other
code<00:31:14.799><c> was</c><00:31:14.880><c> to</c><00:31:15.039><c> my</c><00:31:15.200><c> friend</c><00:31:15.360><c> at</c><00:31:15.520><c> JP</c><00:31:15.840><c> Morgan</c>

00:31:17.510 --> 00:31:17.520 align:start position:0%
code was to my friend at JP Morgan
 

00:31:17.520 --> 00:31:19.110 align:start position:0%
code was to my friend at JP Morgan
who<00:31:17.840><c> was</c><00:31:18.000><c> then</c><00:31:18.240><c> I</c><00:31:18.480><c> didn't</c><00:31:18.559><c> know</c><00:31:18.640><c> it</c><00:31:18.799><c> at</c><00:31:18.960><c> the</c>

00:31:19.110 --> 00:31:19.120 align:start position:0%
who was then I didn't know it at the
 

00:31:19.120 --> 00:31:21.990 align:start position:0%
who was then I didn't know it at the
time<00:31:19.279><c> trying</c><00:31:19.520><c> to</c><00:31:19.679><c> buy</c><00:31:19.919><c> Bear</c><00:31:20.320><c> Sterns.</c><00:31:21.520><c> So</c><00:31:21.760><c> at</c>

00:31:21.990 --> 00:31:22.000 align:start position:0%
time trying to buy Bear Sterns. So at
 

00:31:22.000 --> 00:31:24.310 align:start position:0%
time trying to buy Bear Sterns. So at
one<00:31:22.240><c> point</c><00:31:22.720><c> I</c><00:31:22.960><c> had</c><00:31:23.200><c> two</c><00:31:23.440><c> phones.</c><00:31:23.919><c> It</c><00:31:24.159><c> was</c>

00:31:24.310 --> 00:31:24.320 align:start position:0%
one point I had two phones. It was
 

00:31:24.320 --> 00:31:25.909 align:start position:0%
one point I had two phones. It was
difficult<00:31:24.640><c> because</c><00:31:25.039><c> they're</c><00:31:25.360><c> afraid</c><00:31:25.679><c> people</c>

00:31:25.909 --> 00:31:25.919 align:start position:0%
difficult because they're afraid people
 

00:31:25.919 --> 00:31:27.990 align:start position:0%
difficult because they're afraid people
are<00:31:26.080><c> going</c><00:31:26.159><c> to</c><00:31:26.240><c> hang</c><00:31:26.559><c> themselves</c><00:31:27.440><c> with</c><00:31:27.760><c> the</c>

00:31:27.990 --> 00:31:28.000 align:start position:0%
are going to hang themselves with the
 

00:31:28.000 --> 00:31:30.149 align:start position:0%
are going to hang themselves with the
phone<00:31:28.240><c> cord.</c><00:31:29.120><c> So</c><00:31:29.279><c> they</c><00:31:29.520><c> don't</c><00:31:29.679><c> actually</c><00:31:29.919><c> come</c>

00:31:30.149 --> 00:31:30.159 align:start position:0%
phone cord. So they don't actually come
 

00:31:30.159 --> 00:31:31.830 align:start position:0%
phone cord. So they don't actually come
together<00:31:30.480><c> and</c><00:31:30.640><c> they're</c><00:31:30.880><c> pretty</c><00:31:31.120><c> short.</c><00:31:31.440><c> So</c><00:31:31.600><c> I</c>

00:31:31.830 --> 00:31:31.840 align:start position:0%
together and they're pretty short. So I
 

00:31:31.840 --> 00:31:33.430 align:start position:0%
together and they're pretty short. So I
was<00:31:31.919><c> actually</c><00:31:32.159><c> going</c><00:31:32.559><c> between</c><00:31:32.880><c> two</c><00:31:33.120><c> phones</c>

00:31:33.430 --> 00:31:33.440 align:start position:0%
was actually going between two phones
 

00:31:33.440 --> 00:31:35.430 align:start position:0%
was actually going between two phones
talking<00:31:33.679><c> to</c><00:31:33.840><c> Bastrons</c><00:31:34.399><c> and</c><00:31:34.480><c> JP</c><00:31:34.880><c> Morgan</c><00:31:35.120><c> at</c><00:31:35.279><c> the</c>

00:31:35.430 --> 00:31:35.440 align:start position:0%
talking to Bastrons and JP Morgan at the
 

00:31:35.440 --> 00:31:39.909 align:start position:0%
talking to Bastrons and JP Morgan at the
same<00:31:35.600><c> time.</c><00:31:36.320><c> So</c><00:31:36.480><c> I</c><00:31:36.640><c> found</c><00:31:36.799><c> it</c><00:31:37.039><c> amusing.</c>

00:31:39.909 --> 00:31:39.919 align:start position:0%
same time. So I found it amusing.
 

00:31:39.919 --> 00:31:41.990 align:start position:0%
same time. So I found it amusing.
&gt;&gt; And<00:31:40.159><c> it</c><00:31:40.320><c> never</c><00:31:40.559><c> struck</c><00:31:40.880><c> you</c><00:31:41.039><c> about</c><00:31:41.360><c> how</c><00:31:41.600><c> to</c><00:31:41.840><c> end</c>

00:31:41.990 --> 00:31:42.000 align:start position:0%
&gt;&gt; And it never struck you about how to end
 

00:31:42.000 --> 00:31:43.509 align:start position:0%
&gt;&gt; And it never struck you about how to end
up<00:31:42.080><c> in</c><00:31:42.240><c> a</c><00:31:42.399><c> situation</c><00:31:42.720><c> like</c><00:31:42.960><c> this?</c>

00:31:43.509 --> 00:31:43.519 align:start position:0%
up in a situation like this?
 

00:31:43.519 --> 00:31:45.029 align:start position:0%
up in a situation like this?
&gt;&gt; No.<00:31:43.919><c> That</c><00:31:44.080><c> would</c><00:31:44.159><c> be</c><00:31:44.320><c> probably</c><00:31:44.559><c> means</c><00:31:44.799><c> I</c><00:31:44.880><c> would</c>

00:31:45.029 --> 00:31:45.039 align:start position:0%
&gt;&gt; No. That would be probably means I would
 

00:31:45.039 --> 00:31:47.909 align:start position:0%
&gt;&gt; No. That would be probably means I would
be<00:31:45.120><c> too</c><00:31:45.360><c> self-aware.</c>

00:31:47.909 --> 00:31:47.919 align:start position:0%
be too self-aware.
 

00:31:47.919 --> 00:31:49.669 align:start position:0%
be too self-aware.
&gt;&gt; You<00:31:48.159><c> can't</c><00:31:48.399><c> possibly</c><00:31:48.880><c> expect</c><00:31:49.120><c> me</c><00:31:49.279><c> to</c><00:31:49.440><c> believe</c>

00:31:49.669 --> 00:31:49.679 align:start position:0%
&gt;&gt; You can't possibly expect me to believe
 

00:31:49.679 --> 00:31:50.630 align:start position:0%
&gt;&gt; You can't possibly expect me to believe
this.

00:31:50.630 --> 00:31:50.640 align:start position:0%
this.
 

00:31:50.640 --> 00:31:54.389 align:start position:0%
this.
&gt;&gt; I<00:31:50.960><c> know.</c><00:31:51.360><c> I</c><00:31:51.679><c> don't</c><00:31:51.840><c> believe</c><00:31:52.080><c> it.</c><00:31:52.480><c> It's</c><00:31:53.200><c> even</c>

00:31:54.389 --> 00:31:54.399 align:start position:0%
&gt;&gt; I know. I don't believe it. It's even
 

00:31:54.399 --> 00:31:56.070 align:start position:0%
&gt;&gt; I know. I don't believe it. It's even
you're<00:31:54.640><c> telling</c><00:31:54.880><c> me</c><00:31:55.039><c> that</c><00:31:55.360><c> and</c><00:31:55.600><c> during</c><00:31:55.840><c> that</c>

00:31:56.070 --> 00:31:56.080 align:start position:0%
you're telling me that and during that
 

00:31:56.080 --> 00:31:57.029 align:start position:0%
you're telling me that and during that
day

00:31:57.029 --> 00:31:57.039 align:start position:0%
day
 

00:31:57.039 --> 00:31:59.509 align:start position:0%
day
&gt;&gt; you<00:31:57.360><c> never</c><00:31:57.600><c> had</c><00:31:57.760><c> a</c><00:31:57.919><c> moment</c><00:31:58.640><c> you</c><00:31:58.880><c> sat</c><00:31:59.120><c> there</c><00:31:59.279><c> and</c>

00:31:59.509 --> 00:31:59.519 align:start position:0%
&gt;&gt; you never had a moment you sat there and
 

00:31:59.519 --> 00:32:01.990 align:start position:0%
&gt;&gt; you never had a moment you sat there and
go<00:32:00.399><c> what</c><00:32:00.640><c> the</c><00:32:00.799><c> [&nbsp;__&nbsp;]</c><00:32:01.120><c> have</c><00:32:01.279><c> I</c><00:32:01.440><c> done</c><00:32:01.600><c> with</c><00:32:01.840><c> my</c>

00:32:01.990 --> 00:32:02.000 align:start position:0%
go what the [&nbsp;__&nbsp;] have I done with my
 

00:32:02.000 --> 00:32:05.190 align:start position:0%
go what the [&nbsp;__&nbsp;] have I done with my
life<00:32:02.159><c> that</c><00:32:02.399><c> I'm</c><00:32:02.559><c> in</c><00:32:02.720><c> a</c><00:32:02.960><c> 6</c><00:32:03.120><c> by9</c><00:32:03.519><c> jail</c><00:32:03.840><c> cell</c><00:32:04.559><c> when</c>

00:32:05.190 --> 00:32:05.200 align:start position:0%
life that I'm in a 6 by9 jail cell when
 

00:32:05.200 --> 00:32:06.789 align:start position:0%
life that I'm in a 6 by9 jail cell when
I<00:32:05.440><c> should</c><00:32:05.600><c> be</c><00:32:05.760><c> on</c><00:32:05.840><c> a</c><00:32:06.000><c> trading</c><00:32:06.240><c> desk</c><00:32:06.480><c> or</c><00:32:06.640><c> I</c>

00:32:06.789 --> 00:32:06.799 align:start position:0%
I should be on a trading desk or I
 

00:32:06.799 --> 00:32:11.110 align:start position:0%
I should be on a trading desk or I
should<00:32:06.960><c> be</c><00:32:07.039><c> in</c><00:32:07.279><c> my</c><00:32:08.240><c> $250</c><00:32:08.880><c> million</c><00:32:10.240><c> uh</c><00:32:10.480><c> you</c><00:32:10.640><c> know</c>

00:32:11.110 --> 00:32:11.120 align:start position:0%
should be in my $250 million uh you know
 

00:32:11.120 --> 00:32:13.430 align:start position:0%
should be in my $250 million uh you know
greatest<00:32:12.080><c> townhouse</c><00:32:12.559><c> in</c><00:32:12.799><c> New</c><00:32:12.960><c> York</c><00:32:13.120><c> City</c>

00:32:13.430 --> 00:32:13.440 align:start position:0%
greatest townhouse in New York City
 

00:32:13.440 --> 00:32:15.669 align:start position:0%
greatest townhouse in New York City
taking<00:32:13.760><c> calls</c><00:32:14.080><c> from</c><00:32:14.720><c> the</c><00:32:14.960><c> king</c><00:32:15.200><c> of</c><00:32:15.360><c> Saudi</c>

00:32:15.669 --> 00:32:15.679 align:start position:0%
taking calls from the king of Saudi
 

00:32:15.679 --> 00:32:18.230 align:start position:0%
taking calls from the king of Saudi
Arabia,<00:32:16.480><c> the</c><00:32:16.720><c> president</c><00:32:16.960><c> of</c><00:32:17.200><c> China,</c><00:32:17.840><c> the</c><00:32:18.000><c> head</c>

00:32:18.230 --> 00:32:18.240 align:start position:0%
Arabia, the president of China, the head
 

00:32:18.240 --> 00:32:19.909 align:start position:0%
Arabia, the president of China, the head
of<00:32:18.399><c> Russia,</c><00:32:19.039><c> the</c><00:32:19.279><c> president</c><00:32:19.440><c> of</c><00:32:19.519><c> the</c><00:32:19.679><c> United</c>

00:32:19.909 --> 00:32:19.919 align:start position:0%
of Russia, the president of the United
 

00:32:19.919 --> 00:32:23.830 align:start position:0%
of Russia, the president of the United
States<00:32:20.720><c> to</c><00:32:21.760><c> uh</c><00:32:22.000><c> save</c><00:32:23.120><c> uh</c><00:32:23.279><c> the</c><00:32:23.440><c> world's</c>

00:32:23.830 --> 00:32:23.840 align:start position:0%
States to uh save uh the world's
 

00:32:23.840 --> 00:32:25.669 align:start position:0%
States to uh save uh the world's
population<00:32:24.320><c> from</c><00:32:24.559><c> a</c><00:32:24.799><c> financial</c><00:32:25.120><c> debacle.</c>

00:32:25.669 --> 00:32:25.679 align:start position:0%
population from a financial debacle.
 

00:32:25.679 --> 00:32:27.190 align:start position:0%
population from a financial debacle.
You're<00:32:26.000><c> honestly</c><00:32:26.399><c> expect</c><00:32:26.720><c> me</c><00:32:26.880><c> to</c><00:32:27.039><c> believe</c>

00:32:27.190 --> 00:32:27.200 align:start position:0%
You're honestly expect me to believe
 

00:32:27.200 --> 00:32:28.710 align:start position:0%
You're honestly expect me to believe
that<00:32:27.440><c> you</c><00:32:27.600><c> that</c><00:32:27.840><c> never</c><00:32:28.000><c> happened?</c>

00:32:28.710 --> 00:32:28.720 align:start position:0%
that you that never happened?
 

00:32:28.720 --> 00:32:30.950 align:start position:0%
that you that never happened?
&gt;&gt; You're<00:32:29.039><c> suggesting</c><00:32:29.440><c> I</c><00:32:29.679><c> was</c><00:32:29.840><c> sort</c><00:32:30.000><c> of</c><00:32:30.240><c> somewhat</c>

00:32:30.950 --> 00:32:30.960 align:start position:0%
&gt;&gt; You're suggesting I was sort of somewhat
 

00:32:30.960 --> 00:32:32.549 align:start position:0%
&gt;&gt; You're suggesting I was sort of somewhat
depressed<00:32:31.519><c> and</c><00:32:31.760><c> how</c><00:32:31.919><c> how</c><00:32:32.159><c> could</c><00:32:32.320><c> this</c>

00:32:32.549 --> 00:32:32.559 align:start position:0%
depressed and how how could this
 

00:32:32.559 --> 00:32:33.350 align:start position:0%
depressed and how how could this
happened<00:32:32.720><c> to</c><00:32:32.880><c> me?</c><00:32:33.200><c> I</c>

00:32:33.350 --> 00:32:33.360 align:start position:0%
happened to me? I
 

00:32:33.360 --> 00:32:35.190 align:start position:0%
happened to me? I
&gt;&gt; I'm<00:32:33.600><c> not</c><00:32:33.760><c> saying</c><00:32:34.000><c> depressed.</c><00:32:34.559><c> I'm</c><00:32:34.720><c> saying</c><00:32:34.880><c> a</c>

00:32:35.190 --> 00:32:35.200 align:start position:0%
&gt;&gt; I'm not saying depressed. I'm saying a
 

00:32:35.200 --> 00:32:36.870 align:start position:0%
&gt;&gt; I'm not saying depressed. I'm saying a
moment<00:32:35.360><c> of</c><00:32:35.600><c> awareness</c><00:32:36.000><c> of</c><00:32:36.240><c> how</c><00:32:36.399><c> could</c><00:32:36.559><c> I</c><00:32:36.720><c> get</c>

00:32:36.870 --> 00:32:36.880 align:start position:0%
moment of awareness of how could I get
 

00:32:36.880 --> 00:32:38.070 align:start position:0%
moment of awareness of how could I get
myself<00:32:37.200><c> into</c><00:32:37.440><c> this</c><00:32:37.679><c> situation?</c>

00:32:38.070 --> 00:32:38.080 align:start position:0%
myself into this situation?
 

00:32:38.080 --> 00:32:40.470 align:start position:0%
myself into this situation?
&gt;&gt; No,<00:32:38.240><c> I</c><00:32:38.399><c> would</c><00:32:38.480><c> just</c><00:32:38.720><c> say</c><00:32:39.039><c> how</c><00:32:39.440><c> strange</c><00:32:40.159><c> that</c>

00:32:40.470 --> 00:32:40.480 align:start position:0%
&gt;&gt; No, I would just say how strange that
 

00:32:40.480 --> 00:32:43.590 align:start position:0%
&gt;&gt; No, I would just say how strange that
this<00:32:40.720><c> happens.</c><00:32:41.519><c> Just</c><00:32:41.760><c> it's</c><00:32:42.080><c> strange.</c>

00:32:43.590 --> 00:32:43.600 align:start position:0%
this happens. Just it's strange.
 

00:32:43.600 --> 00:32:46.950 align:start position:0%
this happens. Just it's strange.
I'm<00:32:43.840><c> wearing</c><00:32:44.480><c> a</c><00:32:44.880><c> jumpsuit</c><00:32:45.760><c> and</c><00:32:46.080><c> flip</c><00:32:46.399><c> and</c><00:32:46.720><c> flip</c>

00:32:46.950 --> 00:32:46.960 align:start position:0%
I'm wearing a jumpsuit and flip and flip
 

00:32:46.960 --> 00:32:47.350 align:start position:0%
I'm wearing a jumpsuit and flip and flip
flops.

00:32:47.350 --> 00:32:47.360 align:start position:0%
flops.
 

00:32:47.360 --> 00:32:48.470 align:start position:0%
flops.
&gt;&gt; What<00:32:47.519><c> color</c><00:32:47.679><c> was</c><00:32:47.840><c> the</c><00:32:47.919><c> jumpsuit?</c>

00:32:48.470 --> 00:32:48.480 align:start position:0%
&gt;&gt; What color was the jumpsuit?
 

00:32:48.480 --> 00:32:50.389 align:start position:0%
&gt;&gt; What color was the jumpsuit?
&gt;&gt; Brown.

00:32:50.389 --> 00:32:50.399 align:start position:0%
&gt;&gt; Brown.
 

00:32:50.399 --> 00:32:52.230 align:start position:0%
&gt;&gt; Brown.
&gt;&gt; Brown.<00:32:51.120><c> Brown</c><00:32:51.519><c> jumpsuit.</c>

00:32:52.230 --> 00:32:52.240 align:start position:0%
&gt;&gt; Brown. Brown jumpsuit.
 

00:32:52.240 --> 00:32:53.029 align:start position:0%
&gt;&gt; Brown. Brown jumpsuit.
&gt;&gt; Yes.

00:32:53.029 --> 00:32:53.039 align:start position:0%
&gt;&gt; Yes.
 

00:32:53.039 --> 00:32:54.389 align:start position:0%
&gt;&gt; Yes.
&gt;&gt; I<00:32:53.200><c> notice</c><00:32:53.440><c> I</c><00:32:53.600><c> don't</c><00:32:53.679><c> see</c><00:32:53.840><c> you</c><00:32:53.919><c> in</c><00:32:54.080><c> a</c><00:32:54.240><c> lot</c><00:32:54.320><c> of</c>

00:32:54.389 --> 00:32:54.399 align:start position:0%
&gt;&gt; I notice I don't see you in a lot of
 

00:32:54.399 --> 00:32:54.950 align:start position:0%
&gt;&gt; I notice I don't see you in a lot of
brown.

00:32:54.950 --> 00:32:54.960 align:start position:0%
brown.
 

00:32:54.960 --> 00:32:55.830 align:start position:0%
brown.
&gt;&gt; No.

00:32:55.830 --> 00:32:55.840 align:start position:0%
&gt;&gt; No.
 

00:32:55.840 --> 00:32:57.750 align:start position:0%
&gt;&gt; No.
&gt;&gt; Brown<00:32:56.159><c> jumpsuit</c><00:32:56.640><c> and</c><00:32:56.880><c> flip</c><00:32:57.120><c> flops.</c>

00:32:57.750 --> 00:32:57.760 align:start position:0%
&gt;&gt; Brown jumpsuit and flip flops.
 

00:32:57.760 --> 00:32:58.789 align:start position:0%
&gt;&gt; Brown jumpsuit and flip flops.
&gt;&gt; Flip<00:32:58.000><c> flops.</c><00:32:58.399><c> Yes.</c>

00:32:58.789 --> 00:32:58.799 align:start position:0%
&gt;&gt; Flip flops. Yes.
 

00:32:58.799 --> 00:33:00.870 align:start position:0%
&gt;&gt; Flip flops. Yes.
&gt;&gt; With<00:32:59.039><c> no</c><00:32:59.279><c> access</c><00:32:59.600><c> to</c><00:32:59.840><c> books,</c><00:33:00.240><c> no</c><00:33:00.399><c> access</c><00:33:00.640><c> to</c>

00:33:00.870 --> 00:33:00.880 align:start position:0%
&gt;&gt; With no access to books, no access to
 

00:33:00.880 --> 00:33:01.669 align:start position:0%
&gt;&gt; With no access to books, no access to
newspapers.

00:33:01.669 --> 00:33:01.679 align:start position:0%
newspapers.
 

00:33:01.679 --> 00:33:02.870 align:start position:0%
newspapers.
&gt;&gt; No<00:33:01.840><c> access</c><00:33:02.000><c> to</c><00:33:02.320><c> anything.</c>

00:33:02.870 --> 00:33:02.880 align:start position:0%
&gt;&gt; No access to anything.
 

00:33:02.880 --> 00:33:04.230 align:start position:0%
&gt;&gt; No access to anything.
&gt;&gt; You<00:33:03.120><c> had</c><00:33:03.279><c> lived</c><00:33:03.440><c> on</c><00:33:03.679><c> information</c>

00:33:04.230 --> 00:33:04.240 align:start position:0%
&gt;&gt; You had lived on information
 

00:33:04.240 --> 00:33:06.070 align:start position:0%
&gt;&gt; You had lived on information
&gt;&gt; except<00:33:04.480><c> my</c><00:33:04.640><c> Almond</c><00:33:04.960><c> Joy</c><00:33:05.200><c> bars.</c><00:33:05.440><c> I</c><00:33:05.679><c> had</c><00:33:05.840><c> extra</c>

00:33:06.070 --> 00:33:06.080 align:start position:0%
&gt;&gt; except my Almond Joy bars. I had extra
 

00:33:06.080 --> 00:33:07.669 align:start position:0%
&gt;&gt; except my Almond Joy bars. I had extra
Almond<00:33:06.399><c> Joy</c><00:33:06.640><c> bars.</c>

00:33:07.669 --> 00:33:07.679 align:start position:0%
Almond Joy bars.
 

00:33:07.679 --> 00:33:10.070 align:start position:0%
Almond Joy bars.
&gt;&gt; Did<00:33:07.840><c> you</c><00:33:08.240><c> eat</c><00:33:08.960><c> Almond</c><00:33:09.360><c> Joy</c><00:33:09.600><c> bars</c><00:33:09.840><c> and</c><00:33:10.000><c> things</c>

00:33:10.070 --> 00:33:10.080 align:start position:0%
&gt;&gt; Did you eat Almond Joy bars and things
 

00:33:10.080 --> 00:33:11.190 align:start position:0%
&gt;&gt; Did you eat Almond Joy bars and things
like<00:33:10.159><c> that</c><00:33:10.320><c> because</c><00:33:10.559><c> you're</c><00:33:10.720><c> afraid</c><00:33:10.880><c> of</c><00:33:11.039><c> what</c>

00:33:11.190 --> 00:33:11.200 align:start position:0%
like that because you're afraid of what
 

00:33:11.200 --> 00:33:13.830 align:start position:0%
like that because you're afraid of what
the<00:33:11.360><c> the</c><00:33:11.679><c> cooks</c><00:33:12.080><c> did</c><00:33:12.159><c> to</c><00:33:12.320><c> your</c><00:33:12.559><c> food?</c>

00:33:13.830 --> 00:33:13.840 align:start position:0%
the the cooks did to your food?
 

00:33:13.840 --> 00:33:14.870 align:start position:0%
the the cooks did to your food?
&gt;&gt; Yes.

00:33:14.870 --> 00:33:14.880 align:start position:0%
&gt;&gt; Yes.
 

00:33:14.880 --> 00:33:18.070 align:start position:0%
&gt;&gt; Yes.
&gt;&gt; Is<00:33:15.120><c> that</c><00:33:15.360><c> because</c><00:33:16.240><c> of</c><00:33:16.480><c> of</c><00:33:17.360><c> that</c><00:33:17.600><c> you</c><00:33:17.840><c> were</c><00:33:17.919><c> in</c>

00:33:18.070 --> 00:33:18.080 align:start position:0%
&gt;&gt; Is that because of of that you were in
 

00:33:18.080 --> 00:33:20.710 align:start position:0%
&gt;&gt; Is that because of of that you were in
for<00:33:18.240><c> the</c><00:33:18.480><c> crimes</c><00:33:18.720><c> that</c><00:33:18.880><c> you</c><00:33:19.039><c> were</c><00:33:19.120><c> in</c><00:33:19.279><c> for?</c><00:33:20.240><c> No,</c>

00:33:20.710 --> 00:33:20.720 align:start position:0%
for the crimes that you were in for? No,
 

00:33:20.720 --> 00:33:22.630 align:start position:0%
for the crimes that you were in for? No,
it<00:33:20.960><c> was</c><00:33:21.039><c> just</c><00:33:21.279><c> be</c><00:33:21.679><c> in</c><00:33:21.919><c> fact</c><00:33:22.159><c> I</c><00:33:22.240><c> was</c>

00:33:22.630 --> 00:33:22.640 align:start position:0%
it was just be in fact I was
 

00:33:22.640 --> 00:33:23.669 align:start position:0%
it was just be in fact I was
&gt;&gt; because<00:33:22.880><c> you're</c><00:33:23.039><c> wealthy.</c>

00:33:23.669 --> 00:33:23.679 align:start position:0%
&gt;&gt; because you're wealthy.
 

00:33:23.679 --> 00:33:24.789 align:start position:0%
&gt;&gt; because you're wealthy.
&gt;&gt; Yes.

00:33:24.789 --> 00:33:24.799 align:start position:0%
&gt;&gt; Yes.
 

00:33:24.799 --> 00:33:27.029 align:start position:0%
&gt;&gt; Yes.
&gt;&gt; How<00:33:24.960><c> did</c><00:33:25.120><c> it</c><00:33:25.279><c> how</c><00:33:25.440><c> did</c><00:33:25.600><c> you</c><00:33:25.760><c> know</c><00:33:25.919><c> that?</c>

00:33:27.029 --> 00:33:27.039 align:start position:0%
&gt;&gt; How did it how did you know that?
 

00:33:27.039 --> 00:33:29.350 align:start position:0%
&gt;&gt; How did it how did you know that?
&gt;&gt; Well,<00:33:27.360><c> people</c><00:33:27.919><c> people</c><00:33:28.159><c> would</c><00:33:28.399><c> constantly</c><00:33:29.120><c> com</c>

00:33:29.350 --> 00:33:29.360 align:start position:0%
&gt;&gt; Well, people people would constantly com
 

00:33:29.360 --> 00:33:32.230 align:start position:0%
&gt;&gt; Well, people people would constantly com
if<00:33:29.519><c> I</c><00:33:29.679><c> was</c><00:33:30.640><c> passing</c><00:33:30.960><c> by</c><00:33:31.200><c> or</c><00:33:31.519><c> have</c><00:33:31.679><c> to</c><00:33:31.760><c> go</c><00:33:31.919><c> for</c><00:33:32.080><c> my</c>

00:33:32.230 --> 00:33:32.240 align:start position:0%
if I was passing by or have to go for my
 

00:33:32.240 --> 00:33:34.070 align:start position:0%
if I was passing by or have to go for my
medical,<00:33:33.120><c> people</c><00:33:33.360><c> would</c><00:33:33.519><c> either</c><00:33:33.679><c> ask</c><00:33:33.919><c> to</c>

00:33:34.070 --> 00:33:34.080 align:start position:0%
medical, people would either ask to
 

00:33:34.080 --> 00:33:35.830 align:start position:0%
medical, people would either ask to
borrow<00:33:34.399><c> money</c><00:33:34.640><c> or</c><00:33:34.960><c> make</c><00:33:35.120><c> some</c><00:33:35.360><c> other</c><00:33:35.519><c> types</c><00:33:35.679><c> of</c>

00:33:35.830 --> 00:33:35.840 align:start position:0%
borrow money or make some other types of
 

00:33:35.840 --> 00:33:37.350 align:start position:0%
borrow money or make some other types of
comments<00:33:36.159><c> about</c>

00:33:37.350 --> 00:33:37.360 align:start position:0%
comments about
 

00:33:37.360 --> 00:33:38.070 align:start position:0%
comments about
&gt;&gt; in<00:33:37.519><c> the</c><00:33:37.600><c> beginning.</c>

00:33:38.070 --> 00:33:38.080 align:start position:0%
&gt;&gt; in the beginning.
 

00:33:38.080 --> 00:33:39.590 align:start position:0%
&gt;&gt; in the beginning.
&gt;&gt; What<00:33:38.240><c> were</c><00:33:38.320><c> the</c><00:33:38.480><c> comments</c>

00:33:39.590 --> 00:33:39.600 align:start position:0%
&gt;&gt; What were the comments
 

00:33:39.600 --> 00:33:40.710 align:start position:0%
&gt;&gt; What were the comments
&gt;&gt; at<00:33:39.840><c> the</c><00:33:40.000><c> beginning?</c><00:33:40.240><c> What</c><00:33:40.399><c> were</c><00:33:40.559><c> the</c>

00:33:40.710 --> 00:33:40.720 align:start position:0%
&gt;&gt; at the beginning? What were the
 

00:33:40.720 --> 00:33:41.509 align:start position:0%
&gt;&gt; at the beginning? What were the
comments?<00:33:41.360><c> It</c>

00:33:41.509 --> 00:33:41.519 align:start position:0%
comments? It
 

00:33:41.519 --> 00:33:44.149 align:start position:0%
comments? It
&gt;&gt; it's<00:33:41.840><c> it</c><00:33:42.080><c> serves</c><00:33:42.399><c> you</c><00:33:42.640><c> [&nbsp;__&nbsp;]</c><00:33:42.960><c> rich</c><00:33:43.200><c> guys</c>

00:33:44.149 --> 00:33:44.159 align:start position:0%
&gt;&gt; it's it serves you [&nbsp;__&nbsp;] rich guys
 

00:33:44.159 --> 00:33:45.909 align:start position:0%
&gt;&gt; it's it serves you [&nbsp;__&nbsp;] rich guys
right<00:33:44.559><c> that</c><00:33:44.799><c> you're</c><00:33:45.039><c> here</c><00:33:45.279><c> next</c><00:33:45.440><c> to</c><00:33:45.600><c> me.</c>

00:33:45.909 --> 00:33:45.919 align:start position:0%
right that you're here next to me.
 

00:33:45.919 --> 00:33:47.990 align:start position:0%
right that you're here next to me.
&gt;&gt; There<00:33:46.080><c> was</c><00:33:46.320><c> nothing</c><00:33:46.640><c> about</c><00:33:46.880><c> your</c><00:33:47.279><c> crimes.</c>

00:33:47.990 --> 00:33:48.000 align:start position:0%
&gt;&gt; There was nothing about your crimes.
 

00:33:48.000 --> 00:33:51.909 align:start position:0%
&gt;&gt; There was nothing about your crimes.
&gt;&gt; No.<00:33:49.120><c> So,</c><00:33:49.519><c> all</c><00:33:49.760><c> this</c><00:33:50.880><c> rumor</c><00:33:51.200><c> you</c><00:33:51.440><c> hear</c><00:33:51.600><c> all</c><00:33:51.760><c> the</c>

00:33:51.909 --> 00:33:51.919 align:start position:0%
&gt;&gt; No. So, all this rumor you hear all the
 

00:33:51.919 --> 00:33:54.470 align:start position:0%
&gt;&gt; No. So, all this rumor you hear all the
time<00:33:52.960><c> uh</c><00:33:53.120><c> about</c><00:33:53.440><c> people</c><00:33:53.679><c> in</c><00:33:53.919><c> prison</c><00:33:54.159><c> that</c>

00:33:54.470 --> 00:33:54.480 align:start position:0%
time uh about people in prison that
 

00:33:54.480 --> 00:33:56.389 align:start position:0%
time uh about people in prison that
commit<00:33:54.640><c> the</c><00:33:54.880><c> type</c><00:33:54.960><c> of</c><00:33:55.120><c> crimes</c><00:33:55.360><c> you</c><00:33:55.600><c> commit,</c>

00:33:56.389 --> 00:33:56.399 align:start position:0%
commit the type of crimes you commit,
 

00:33:56.399 --> 00:33:58.950 align:start position:0%
commit the type of crimes you commit,
that's<00:33:56.720><c> you're</c><00:33:57.039><c> saying</c><00:33:57.200><c> in</c><00:33:57.440><c> your</c><00:33:57.760><c> personal</c>

00:33:58.950 --> 00:33:58.960 align:start position:0%
that's you're saying in your personal
 

00:33:58.960 --> 00:33:59.990 align:start position:0%
that's you're saying in your personal
thing<00:33:59.120><c> is</c><00:33:59.440><c> not</c><00:33:59.600><c> true.</c>

00:33:59.990 --> 00:34:00.000 align:start position:0%
thing is not true.
 

00:34:00.000 --> 00:34:00.789 align:start position:0%
thing is not true.
&gt;&gt; No,

00:34:00.789 --> 00:34:00.799 align:start position:0%
&gt;&gt; No,
 

00:34:00.799 --> 00:34:02.470 align:start position:0%
&gt;&gt; No,
&gt;&gt; it<00:34:01.039><c> was</c><00:34:01.200><c> all</c><00:34:01.360><c> because</c><00:34:01.519><c> you</c><00:34:01.760><c> were</c><00:34:01.840><c> rich.</c>

00:34:02.470 --> 00:34:02.480 align:start position:0%
&gt;&gt; it was all because you were rich.
 

00:34:02.480 --> 00:34:03.110 align:start position:0%
&gt;&gt; it was all because you were rich.
&gt;&gt; Yes.

00:34:03.110 --> 00:34:03.120 align:start position:0%
&gt;&gt; Yes.
 

00:34:03.120 --> 00:34:04.549 align:start position:0%
&gt;&gt; Yes.
&gt;&gt; And<00:34:03.279><c> it</c><00:34:03.440><c> was</c><00:34:03.600><c> all</c><00:34:03.760><c> because</c><00:34:03.919><c> they</c><00:34:04.159><c> wanted</c><00:34:04.399><c> to</c>

00:34:04.549 --> 00:34:04.559 align:start position:0%
&gt;&gt; And it was all because they wanted to
 

00:34:04.559 --> 00:34:05.350 align:start position:0%
&gt;&gt; And it was all because they wanted to
borrow<00:34:04.880><c> money.</c>

00:34:05.350 --> 00:34:05.360 align:start position:0%
borrow money.
 

00:34:05.360 --> 00:34:08.230 align:start position:0%
borrow money.
&gt;&gt; Well,<00:34:05.679><c> get</c><00:34:06.399><c> advice.</c>

00:34:08.230 --> 00:34:08.240 align:start position:0%
&gt;&gt; Well, get advice.
 

00:34:08.240 --> 00:34:08.550 align:start position:0%
&gt;&gt; Well, get advice.
&gt;&gt; Yes.

00:34:08.550 --> 00:34:08.560 align:start position:0%
&gt;&gt; Yes.
 

00:34:08.560 --> 00:34:11.430 align:start position:0%
&gt;&gt; Yes.
&gt;&gt; What?<00:34:08.800><c> They</c><00:34:08.960><c> get</c><00:34:09.119><c> advice</c><00:34:09.440><c> to</c><00:34:10.079><c> to</c><00:34:10.879><c> go</c><00:34:11.040><c> long.</c><00:34:11.359><c> To</c>

00:34:11.430 --> 00:34:11.440 align:start position:0%
&gt;&gt; What? They get advice to to go long. To
 

00:34:11.440 --> 00:34:13.190 align:start position:0%
&gt;&gt; What? They get advice to to go long. To
go<00:34:11.599><c> long</c>

00:34:13.190 --> 00:34:13.200 align:start position:0%
go long
 

00:34:13.200 --> 00:34:14.310 align:start position:0%
go long
time<00:34:13.280><c> to</c><00:34:13.359><c> buy.</c><00:34:13.679><c> You're</c><00:34:13.839><c> telling</c><00:34:13.919><c> me</c><00:34:14.079><c> in</c>

00:34:14.310 --> 00:34:14.320 align:start position:0%
time to buy. You're telling me in
 

00:34:14.320 --> 00:34:15.909 align:start position:0%
time to buy. You're telling me in
solitary<00:34:14.800><c> confinement</c><00:34:15.280><c> they're</c><00:34:15.520><c> they're</c>

00:34:15.909 --> 00:34:15.919 align:start position:0%
solitary confinement they're they're
 

00:34:15.919 --> 00:34:19.750 align:start position:0%
solitary confinement they're they're
they're<00:34:16.320><c> interested</c><00:34:16.560><c> in</c><00:34:16.800><c> going</c><00:34:17.040><c> long.</c><00:34:18.399><c> Yeah,</c>

00:34:19.750 --> 00:34:19.760 align:start position:0%
they're interested in going long. Yeah,
 

00:34:19.760 --> 00:34:20.629 align:start position:0%
they're interested in going long. Yeah,
they<00:34:20.079><c> want</c><00:34:20.159><c> to</c><00:34:20.240><c> know</c><00:34:20.399><c> what</c>

00:34:20.629 --> 00:34:20.639 align:start position:0%
they want to know what
 

00:34:20.639 --> 00:34:22.710 align:start position:0%
they want to know what
&gt;&gt; what's<00:34:20.879><c> that</c><00:34:20.960><c> say</c><00:34:21.119><c> about</c><00:34:21.280><c> human</c><00:34:21.520><c> nature?</c>

00:34:22.710 --> 00:34:22.720 align:start position:0%
&gt;&gt; what's that say about human nature?
 

00:34:22.720 --> 00:34:25.109 align:start position:0%
&gt;&gt; what's that say about human nature?
&gt;&gt; Well,<00:34:23.200><c> what</c><00:34:23.520><c> I</c><00:34:23.760><c> think</c><00:34:24.079><c> the</c><00:34:24.240><c> people</c><00:34:24.639><c> find</c><00:34:24.960><c> one</c>

00:34:25.109 --> 00:34:25.119 align:start position:0%
&gt;&gt; Well, what I think the people find one
 

00:34:25.119 --> 00:34:26.550 align:start position:0%
&gt;&gt; Well, what I think the people find one
of<00:34:25.200><c> the</c><00:34:25.359><c> reasons</c><00:34:25.520><c> they</c><00:34:25.760><c> wanted</c><00:34:25.919><c> to</c><00:34:26.079><c> keep</c><00:34:26.240><c> me</c><00:34:26.399><c> in</c>

00:34:26.550 --> 00:34:26.560 align:start position:0%
of the reasons they wanted to keep me in
 

00:34:26.560 --> 00:34:28.069 align:start position:0%
of the reasons they wanted to keep me in
solitary<00:34:27.040><c> confinement</c><00:34:27.520><c> was</c><00:34:27.679><c> they're</c><00:34:27.919><c> afraid</c>

00:34:28.069 --> 00:34:28.079 align:start position:0%
solitary confinement was they're afraid
 

00:34:28.079 --> 00:34:29.430 align:start position:0%
solitary confinement was they're afraid
that<00:34:28.320><c> everybody</c><00:34:28.560><c> would</c><00:34:28.800><c> want</c><00:34:28.960><c> to</c><00:34:29.119><c> know</c><00:34:29.200><c> which</c>

00:34:29.430 --> 00:34:29.440 align:start position:0%
that everybody would want to know which
 

00:34:29.440 --> 00:34:33.109 align:start position:0%
that everybody would want to know which
stocks<00:34:29.760><c> to</c><00:34:30.000><c> buy</c><00:34:31.440><c> and</c><00:34:31.679><c> but</c><00:34:32.000><c> what</c><00:34:32.320><c> happened</c><00:34:32.560><c> was</c>

00:34:33.109 --> 00:34:33.119 align:start position:0%
stocks to buy and but what happened was
 

00:34:33.119 --> 00:34:35.909 align:start position:0%
stocks to buy and but what happened was
after<00:34:34.399><c> this</c><00:34:34.720><c> crisis</c><00:34:35.119><c> now</c><00:34:35.280><c> it's</c><00:34:35.520><c> on</c><00:34:35.599><c> the</c><00:34:35.679><c> front</c>

00:34:35.909 --> 00:34:35.919 align:start position:0%
after this crisis now it's on the front
 

00:34:35.919 --> 00:34:37.270 align:start position:0%
after this crisis now it's on the front
page<00:34:36.159><c> of</c><00:34:36.320><c> every</c>

00:34:37.270 --> 00:34:37.280 align:start position:0%
page of every
 

00:34:37.280 --> 00:34:38.470 align:start position:0%
page of every
&gt;&gt; I<00:34:37.359><c> don't</c><00:34:37.440><c> want</c><00:34:37.520><c> to</c><00:34:37.599><c> leave</c><00:34:37.839><c> lose</c><00:34:38.079><c> this</c><00:34:38.240><c> data.</c>

00:34:38.470 --> 00:34:38.480 align:start position:0%
&gt;&gt; I don't want to leave lose this data.
 

00:34:38.480 --> 00:34:39.510 align:start position:0%
&gt;&gt; I don't want to leave lose this data.
Sorry.<00:34:38.639><c> Sorry.</c><00:34:38.720><c> Right.</c><00:34:38.960><c> When</c><00:34:39.119><c> you</c><00:34:39.280><c> first</c>

00:34:39.510 --> 00:34:39.520 align:start position:0%
Sorry. Sorry. Right. When you first
 

00:34:39.520 --> 00:34:43.510 align:start position:0%
Sorry. Sorry. Right. When you first
heard<00:34:39.760><c> that,</c><00:34:40.079><c> did</c><00:34:40.399><c> you</c>

00:34:43.510 --> 00:34:43.520 align:start position:0%
 
 

00:34:43.520 --> 00:34:45.510 align:start position:0%
 
&gt;&gt; Was<00:34:43.679><c> it</c><00:34:43.919><c> Bear</c><00:34:44.480><c> Bear</c><00:34:44.720><c> Sterns</c><00:34:45.040><c> had</c><00:34:45.280><c> been</c><00:34:45.359><c> kicked</c>

00:34:45.510 --> 00:34:45.520 align:start position:0%
&gt;&gt; Was it Bear Bear Sterns had been kicked
 

00:34:45.520 --> 00:34:47.909 align:start position:0%
&gt;&gt; Was it Bear Bear Sterns had been kicked
into<00:34:45.839><c> bankruptcy</c><00:34:46.720><c> what,</c><00:34:47.040><c> six</c><00:34:47.280><c> months</c><00:34:47.520><c> before?</c>

00:34:47.909 --> 00:34:47.919 align:start position:0%
into bankruptcy what, six months before?
 

00:34:47.919 --> 00:34:49.990 align:start position:0%
into bankruptcy what, six months before?
&gt;&gt; No.<00:34:48.079><c> No.</c><00:34:48.320><c> This</c><00:34:48.480><c> is</c><00:34:48.560><c> the</c><00:34:48.720><c> same</c><00:34:48.800><c> time.</c><00:34:49.679><c> This</c><00:34:49.839><c> is</c>

00:34:49.990 --> 00:34:50.000 align:start position:0%
&gt;&gt; No. No. This is the same time. This is
 

00:34:50.000 --> 00:34:51.430 align:start position:0%
&gt;&gt; No. No. This is the same time. This is
part<00:34:50.159><c> of</c><00:34:50.240><c> the</c><00:34:50.399><c> same</c><00:34:50.560><c> deal.</c>

00:34:51.430 --> 00:34:51.440 align:start position:0%
part of the same deal.
 

00:34:51.440 --> 00:34:53.190 align:start position:0%
part of the same deal.
&gt;&gt; I<00:34:51.599><c> thought</c><00:34:51.839><c> I</c><00:34:52.000><c> thought</c><00:34:52.320><c> No,</c><00:34:52.560><c> no.</c><00:34:52.720><c> Bear</c><00:34:52.960><c> Sterns</c>

00:34:53.190 --> 00:34:53.200 align:start position:0%
&gt;&gt; I thought I thought No, no. Bear Sterns
 

00:34:53.200 --> 00:34:55.190 align:start position:0%
&gt;&gt; I thought I thought No, no. Bear Sterns
they<00:34:53.760><c> bear</c><00:34:54.000><c> Sterns</c><00:34:54.320><c> they</c><00:34:54.560><c> Oh,</c><00:34:54.800><c> they</c><00:34:54.960><c> saved</c>

00:34:55.190 --> 00:34:55.200 align:start position:0%
they bear Sterns they Oh, they saved
 

00:34:55.200 --> 00:34:57.349 align:start position:0%
they bear Sterns they Oh, they saved
Beer<00:34:55.440><c> Sterns</c><00:34:55.839><c> and</c><00:34:56.000><c> didn't</c><00:34:56.240><c> save</c>

00:34:57.349 --> 00:34:57.359 align:start position:0%
Beer Sterns and didn't save
 

00:34:57.359 --> 00:34:59.270 align:start position:0%
Beer Sterns and didn't save
&gt;&gt; uh<00:34:57.520><c> Leman</c><00:34:57.839><c> Brothers.</c><00:34:58.640><c> Six</c><00:34:58.880><c> months</c><00:34:59.040><c> before</c>

00:34:59.270 --> 00:34:59.280 align:start position:0%
&gt;&gt; uh Leman Brothers. Six months before
 

00:34:59.280 --> 00:35:00.950 align:start position:0%
&gt;&gt; uh Leman Brothers. Six months before
they<00:34:59.440><c> had</c><00:34:59.599><c> bailed</c><00:34:59.839><c> out</c><00:35:00.000><c> Bear</c><00:35:00.240><c> Sterns,</c><00:35:00.720><c> but</c>

00:35:00.950 --> 00:35:00.960 align:start position:0%
they had bailed out Bear Sterns, but
 

00:35:00.960 --> 00:35:03.349 align:start position:0%
they had bailed out Bear Sterns, but
Bear<00:35:01.200><c> Sterns</c><00:35:01.520><c> was</c><00:35:01.760><c> still</c><00:35:02.240><c> a</c><00:35:02.480><c> zombie.</c>

00:35:03.349 --> 00:35:03.359 align:start position:0%
Bear Sterns was still a zombie.
 

00:35:03.359 --> 00:35:05.349 align:start position:0%
Bear Sterns was still a zombie.
&gt;&gt; A<00:35:03.760><c> what?</c><00:35:04.000><c> For</c><00:35:04.240><c> a</c><00:35:04.400><c> shell</c><00:35:04.560><c> of</c><00:35:04.720><c> its</c><00:35:04.880><c> former</c><00:35:05.119><c> self.</c>

00:35:05.349 --> 00:35:05.359 align:start position:0%
&gt;&gt; A what? For a shell of its former self.
 

00:35:05.359 --> 00:35:06.790 align:start position:0%
&gt;&gt; A what? For a shell of its former self.
&gt;&gt; A<00:35:05.520><c> former</c><00:35:05.760><c> self.</c><00:35:06.079><c> But</c><00:35:06.160><c> they</c><00:35:06.320><c> had</c><00:35:06.560><c> quote</c>

00:35:06.790 --> 00:35:06.800 align:start position:0%
&gt;&gt; A former self. But they had quote
 

00:35:06.800 --> 00:35:08.630 align:start position:0%
&gt;&gt; A former self. But they had quote
unquote<00:35:07.119><c> saved</c><00:35:07.359><c> him.</c><00:35:07.760><c> They</c><00:35:07.920><c> admit</c><00:35:08.320><c> why</c><00:35:08.560><c> did</c>

00:35:08.630 --> 00:35:08.640 align:start position:0%
unquote saved him. They admit why did
 

00:35:08.640 --> 00:35:10.710 align:start position:0%
unquote saved him. They admit why did
they<00:35:08.800><c> make</c><00:35:08.960><c> the</c><00:35:09.119><c> decision</c><00:35:09.359><c> in</c><00:35:09.599><c> your</c><00:35:09.839><c> mind?</c><00:35:10.560><c> Why</c>

00:35:10.710 --> 00:35:10.720 align:start position:0%
they make the decision in your mind? Why
 

00:35:10.720 --> 00:35:14.150 align:start position:0%
they make the decision in your mind? Why
did<00:35:10.880><c> Hank</c><00:35:11.200><c> Pollson</c><00:35:12.079><c> and</c><00:35:12.240><c> Bernani</c><00:35:13.440><c> this</c><00:35:13.760><c> what's</c>

00:35:14.150 --> 00:35:14.160 align:start position:0%
did Hank Pollson and Bernani this what's
 

00:35:14.160 --> 00:35:17.109 align:start position:0%
did Hank Pollson and Bernani this what's
this<00:35:14.400><c> concept</c><00:35:14.720><c> of</c><00:35:14.960><c> moral</c><00:35:15.359><c> hazard?</c><00:35:16.720><c> Explain</c><00:35:17.040><c> to</c>

00:35:17.109 --> 00:35:17.119 align:start position:0%
this concept of moral hazard? Explain to
 

00:35:17.119 --> 00:35:18.630 align:start position:0%
this concept of moral hazard? Explain to
the<00:35:17.280><c> audience</c><00:35:17.520><c> what</c><00:35:17.680><c> moral</c><00:35:18.000><c> hazard</c><00:35:18.240><c> is</c><00:35:18.400><c> and</c>

00:35:18.630 --> 00:35:18.640 align:start position:0%
the audience what moral hazard is and
 

00:35:18.640 --> 00:35:20.950 align:start position:0%
the audience what moral hazard is and
why<00:35:18.880><c> why</c><00:35:19.280><c> did</c><00:35:19.440><c> they</c><00:35:19.599><c> save</c><00:35:19.920><c> Bear</c><00:35:20.240><c> Stern</c><00:35:20.640><c> six</c>

00:35:20.950 --> 00:35:20.960 align:start position:0%
why why did they save Bear Stern six
 

00:35:20.960 --> 00:35:23.109 align:start position:0%
why why did they save Bear Stern six
months<00:35:21.200><c> before</c><00:35:21.760><c> and</c><00:35:22.079><c> why</c><00:35:22.400><c> did</c><00:35:22.720><c> did</c><00:35:22.880><c> the</c>

00:35:23.109 --> 00:35:23.119 align:start position:0%
months before and why did did the
 

00:35:23.119 --> 00:35:24.790 align:start position:0%
months before and why did did the
smartest<00:35:23.520><c> guys</c><00:35:23.760><c> in</c><00:35:23.839><c> the</c><00:35:23.920><c> room</c><00:35:24.160><c> decide</c><00:35:24.480><c> not</c><00:35:24.720><c> to</c>

00:35:24.790 --> 00:35:24.800 align:start position:0%
smartest guys in the room decide not to
 

00:35:24.800 --> 00:35:29.670 align:start position:0%
smartest guys in the room decide not to
save<00:35:25.040><c> Leon</c><00:35:25.440><c> Brothers?</c>

00:35:29.670 --> 00:35:29.680 align:start position:0%
 
 

00:35:29.680 --> 00:35:31.510 align:start position:0%
 
It's<00:35:29.920><c> a</c><00:35:30.079><c> good</c><00:35:30.240><c> question.</c><00:35:30.720><c> The</c><00:35:31.040><c> real</c><00:35:31.200><c> issue</c><00:35:31.440><c> is</c>

00:35:31.510 --> 00:35:31.520 align:start position:0%
It's a good question. The real issue is
 

00:35:31.520 --> 00:35:33.589 align:start position:0%
It's a good question. The real issue is
is<00:35:31.920><c> I'd</c><00:35:32.160><c> have</c><00:35:32.240><c> to</c><00:35:32.400><c> go</c><00:35:32.560><c> back</c><00:35:32.880><c> when</c><00:35:33.200><c> you</c><00:35:33.440><c> have</c>

00:35:33.589 --> 00:35:33.599 align:start position:0%
is I'd have to go back when you have
 

00:35:33.599 --> 00:35:36.550 align:start position:0%
is I'd have to go back when you have
these<00:35:34.000><c> systems</c><00:35:35.040><c> to</c><00:35:35.359><c> the</c><00:35:35.599><c> way</c><00:35:35.760><c> your</c><00:35:36.079><c> doctor</c>

00:35:36.550 --> 00:35:36.560 align:start position:0%
these systems to the way your doctor
 

00:35:36.560 --> 00:35:39.510 align:start position:0%
these systems to the way your doctor
responds<00:35:37.760><c> to</c><00:35:38.079><c> any</c><00:35:38.320><c> type</c><00:35:38.560><c> of</c><00:35:38.720><c> emergency</c><00:35:39.280><c> in</c>

00:35:39.510 --> 00:35:39.520 align:start position:0%
responds to any type of emergency in
 

00:35:39.520 --> 00:35:42.550 align:start position:0%
responds to any type of emergency in
your<00:35:39.680><c> body.</c><00:35:40.800><c> If</c><00:35:41.280><c> they</c><00:35:41.520><c> might</c><00:35:41.760><c> decide</c><00:35:42.079><c> to</c><00:35:42.320><c> save</c>

00:35:42.550 --> 00:35:42.560 align:start position:0%
your body. If they might decide to save
 

00:35:42.560 --> 00:35:44.870 align:start position:0%
your body. If they might decide to save
your<00:35:42.800><c> kidneys</c><00:35:43.200><c> and</c><00:35:43.440><c> let</c><00:35:43.520><c> your</c><00:35:43.680><c> gallbladder</c><00:35:44.320><c> go</c>

00:35:44.870 --> 00:35:44.880 align:start position:0%
your kidneys and let your gallbladder go
 

00:35:44.880 --> 00:35:46.150 align:start position:0%
your kidneys and let your gallbladder go
because<00:35:45.119><c> the</c><00:35:45.280><c> gallbladder</c><00:35:45.760><c> is</c><00:35:45.920><c> less</c>

00:35:46.150 --> 00:35:46.160 align:start position:0%
because the gallbladder is less
 

00:35:46.160 --> 00:35:48.870 align:start position:0%
because the gallbladder is less
important<00:35:46.400><c> to</c><00:35:46.560><c> your</c><00:35:46.800><c> overall</c><00:35:47.280><c> system.</c><00:35:48.240><c> it</c>

00:35:48.870 --> 00:35:48.880 align:start position:0%
important to your overall system. it
 

00:35:48.880 --> 00:35:53.190 align:start position:0%
important to your overall system. it
people<00:35:49.599><c> if</c><00:35:50.320><c> at</c><00:35:50.640><c> that</c><00:35:51.040><c> time</c>

00:35:53.190 --> 00:35:53.200 align:start position:0%
people if at that time
 

00:35:53.200 --> 00:35:56.550 align:start position:0%
people if at that time
even<00:35:53.520><c> it's</c><00:35:53.760><c> it's</c><00:35:54.000><c> not</c><00:35:54.160><c> that</c><00:35:54.400><c> long</c><00:35:54.560><c> ago</c><00:35:55.599><c> the</c>

00:35:56.550 --> 00:35:56.560 align:start position:0%
even it's it's not that long ago the
 

00:35:56.560 --> 00:35:58.069 align:start position:0%
even it's it's not that long ago the
boogeyman

00:35:58.069 --> 00:35:58.079 align:start position:0%
boogeyman
 

00:35:58.079 --> 00:36:00.470 align:start position:0%
boogeyman
was<00:35:58.640><c> when</c><00:35:58.880><c> said</c><00:35:59.280><c> what</c><00:35:59.599><c> really</c><00:35:59.920><c> happened</c>

00:36:00.470 --> 00:36:00.480 align:start position:0%
was when said what really happened
 

00:36:00.480 --> 00:36:02.630 align:start position:0%
was when said what really happened
Jeffrey<00:36:01.040><c> what</c><00:36:01.280><c> really</c><00:36:01.520><c> happened</c><00:36:01.920><c> why</c><00:36:02.240><c> what</c><00:36:02.400><c> is</c>

00:36:02.630 --> 00:36:02.640 align:start position:0%
Jeffrey what really happened why what is
 

00:36:02.640 --> 00:36:05.190 align:start position:0%
Jeffrey what really happened why what is
this<00:36:02.880><c> financial</c><00:36:03.280><c> crisis</c><00:36:03.680><c> and</c><00:36:04.000><c> you</c><00:36:04.160><c> know</c><00:36:04.880><c> the</c>

00:36:05.190 --> 00:36:05.200 align:start position:0%
this financial crisis and you know the
 

00:36:05.200 --> 00:36:07.109 align:start position:0%
this financial crisis and you know the
some<00:36:05.440><c> of</c><00:36:05.520><c> the</c><00:36:05.680><c> progressives</c><00:36:06.800><c> and</c><00:36:06.960><c> the</c>

00:36:07.109 --> 00:36:07.119 align:start position:0%
some of the progressives and the
 

00:36:07.119 --> 00:36:08.950 align:start position:0%
some of the progressives and the
right-wing<00:36:07.680><c> blame</c><00:36:07.920><c> it</c><00:36:08.079><c> on</c><00:36:08.160><c> the</c><00:36:08.320><c> banks</c><00:36:08.640><c> it</c><00:36:08.880><c> was</c>

00:36:08.950 --> 00:36:08.960 align:start position:0%
right-wing blame it on the banks it was
 

00:36:08.960 --> 00:36:11.829 align:start position:0%
right-wing blame it on the banks it was
the<00:36:09.119><c> bank's</c><00:36:09.599><c> fault</c><00:36:10.640><c> and</c><00:36:10.880><c> it's</c><00:36:11.119><c> the</c><00:36:11.359><c> fault</c><00:36:11.599><c> of</c>

00:36:11.829 --> 00:36:11.839 align:start position:0%
the bank's fault and it's the fault of
 

00:36:11.839 --> 00:36:16.630 align:start position:0%
the bank's fault and it's the fault of
this<00:36:12.800><c> very</c><00:36:13.200><c> esoteric</c><00:36:14.560><c> unknown</c><00:36:15.200><c> concept</c><00:36:16.320><c> of</c>

00:36:16.630 --> 00:36:16.640 align:start position:0%
this very esoteric unknown concept of
 

00:36:16.640 --> 00:36:18.310 align:start position:0%
this very esoteric unknown concept of
derivatives

00:36:18.310 --> 00:36:18.320 align:start position:0%
derivatives
 

00:36:18.320 --> 00:36:20.470 align:start position:0%
derivatives
It<00:36:18.560><c> was</c><00:36:18.640><c> really</c><00:36:19.119><c> the</c><00:36:19.440><c> derivatives</c><00:36:20.160><c> that</c>

00:36:20.470 --> 00:36:20.480 align:start position:0%
It was really the derivatives that
 

00:36:20.480 --> 00:36:21.990 align:start position:0%
It was really the derivatives that
caused

00:36:21.990 --> 00:36:22.000 align:start position:0%
caused
 

00:36:22.000 --> 00:36:23.589 align:start position:0%
caused
this<00:36:22.320><c> financial</c><00:36:22.720><c> crisis</c><00:36:23.119><c> because</c><00:36:23.359><c> the</c>

00:36:23.589 --> 00:36:23.599 align:start position:0%
this financial crisis because the
 

00:36:23.599 --> 00:36:25.990 align:start position:0%
this financial crisis because the
derivatives<00:36:24.160><c> got</c><00:36:24.400><c> somehow</c><00:36:25.119><c> out</c><00:36:25.359><c> of</c><00:36:25.520><c> control</c>

00:36:25.990 --> 00:36:26.000 align:start position:0%
derivatives got somehow out of control
 

00:36:26.000 --> 00:36:28.310 align:start position:0%
derivatives got somehow out of control
and<00:36:26.240><c> like</c><00:36:26.880><c> the</c><00:36:27.119><c> in</c><00:36:27.280><c> the</c><00:36:27.440><c> Mickey</c><00:36:27.760><c> Mouse</c>

00:36:28.310 --> 00:36:28.320 align:start position:0%
and like the in the Mickey Mouse
 

00:36:28.320 --> 00:36:29.910 align:start position:0%
and like the in the Mickey Mouse
&gt;&gt; and<00:36:28.560><c> that</c><00:36:28.720><c> was</c><00:36:28.800><c> the</c><00:36:28.960><c> way</c><00:36:29.040><c> you</c><00:36:29.280><c> started</c><00:36:29.599><c> your</c>

00:36:29.910 --> 00:36:29.920 align:start position:0%
&gt;&gt; and that was the way you started your
 

00:36:29.920 --> 00:36:32.310 align:start position:0%
&gt;&gt; and that was the way you started your
financial<00:36:30.560><c> your</c><00:36:30.880><c> financial</c><00:36:31.680><c> your</c><00:36:31.680><c> your</c><00:36:32.079><c> road</c>

00:36:32.310 --> 00:36:32.320 align:start position:0%
financial your financial your your road
 

00:36:32.320 --> 00:36:34.069 align:start position:0%
financial your financial your your road
to<00:36:32.480><c> a</c><00:36:32.640><c> billionaire</c><00:36:33.440><c> went</c><00:36:33.680><c> right</c><00:36:33.920><c> through</c>

00:36:34.069 --> 00:36:34.079 align:start position:0%
to a billionaire went right through
 

00:36:34.079 --> 00:36:35.030 align:start position:0%
to a billionaire went right through
derivatives.

00:36:35.030 --> 00:36:35.040 align:start position:0%
derivatives.
 

00:36:35.040 --> 00:36:38.150 align:start position:0%
derivatives.
&gt;&gt; Yes.<00:36:36.400><c> But</c><00:36:36.640><c> it's</c><00:36:37.040><c> but</c><00:36:37.359><c> derivatives</c><00:36:37.920><c> were</c><00:36:38.079><c> not</c>

00:36:38.150 --> 00:36:38.160 align:start position:0%
&gt;&gt; Yes. But it's but derivatives were not
 

00:36:38.160 --> 00:36:40.470 align:start position:0%
&gt;&gt; Yes. But it's but derivatives were not
the<00:36:38.400><c> cause.</c><00:36:39.440><c> Derivatives</c><00:36:40.000><c> were</c><00:36:40.160><c> not</c><00:36:40.240><c> the</c>

00:36:40.470 --> 00:36:40.480 align:start position:0%
the cause. Derivatives were not the
 

00:36:40.480 --> 00:36:43.510 align:start position:0%
the cause. Derivatives were not the
cause<00:36:41.119><c> at</c><00:36:41.440><c> all.</c>

00:36:43.510 --> 00:36:43.520 align:start position:0%
cause at all.
 

00:36:43.520 --> 00:36:45.510 align:start position:0%
cause at all.
It's<00:36:43.760><c> like</c><00:36:44.000><c> saying</c><00:36:44.240><c> your</c><00:36:44.720><c> hair</c><00:36:44.960><c> was</c><00:36:45.200><c> the</c><00:36:45.359><c> cause</c>

00:36:45.510 --> 00:36:45.520 align:start position:0%
It's like saying your hair was the cause
 

00:36:45.520 --> 00:36:47.109 align:start position:0%
It's like saying your hair was the cause
of<00:36:45.680><c> your</c><00:36:45.839><c> heart</c><00:36:46.000><c> attack</c><00:36:46.320><c> because</c><00:36:46.560><c> it</c><00:36:46.800><c> was</c><00:36:46.880><c> on</c>

00:36:47.109 --> 00:36:47.119 align:start position:0%
of your heart attack because it was on
 

00:36:47.119 --> 00:36:50.710 align:start position:0%
of your heart attack because it was on
top<00:36:47.200><c> of</c><00:36:47.280><c> your</c><00:36:47.440><c> head.</c>

00:36:50.710 --> 00:36:50.720 align:start position:0%
 
 

00:36:50.720 --> 00:36:52.550 align:start position:0%
 
&gt;&gt; There<00:36:50.960><c> isn't,</c>

00:36:52.550 --> 00:36:52.560 align:start position:0%
&gt;&gt; There isn't,
 

00:36:52.560 --> 00:36:55.750 align:start position:0%
&gt;&gt; There isn't,
let<00:36:52.800><c> me</c><00:36:52.960><c> say,</c><00:36:53.599><c> there's</c><00:36:53.920><c> no</c><00:36:54.160><c> one</c><00:36:54.880><c> specific</c>

00:36:55.750 --> 00:36:55.760 align:start position:0%
let me say, there's no one specific
 

00:36:55.760 --> 00:36:58.630 align:start position:0%
let me say, there's no one specific
cause.<00:36:56.240><c> There's</c><00:36:56.480><c> a</c><00:36:56.720><c> system</c><00:36:57.119><c> collapses.</c><00:36:58.400><c> So</c>

00:36:58.630 --> 00:36:58.640 align:start position:0%
cause. There's a system collapses. So
 

00:36:58.640 --> 00:37:00.630 align:start position:0%
cause. There's a system collapses. So
when<00:36:59.359><c> many</c><00:36:59.599><c> times</c><00:36:59.839><c> when</c><00:37:00.000><c> they</c><00:37:00.160><c> have</c><00:37:00.240><c> to</c><00:37:00.400><c> make</c>

00:37:00.630 --> 00:37:00.640 align:start position:0%
when many times when they have to make
 

00:37:00.640 --> 00:37:02.870 align:start position:0%
when many times when they have to make
your<00:37:00.880><c> death</c><00:37:01.200><c> certificate</c>

00:37:02.870 --> 00:37:02.880 align:start position:0%
your death certificate
 

00:37:02.880 --> 00:37:04.150 align:start position:0%
your death certificate
when<00:37:03.040><c> you</c><00:37:03.200><c> say,</c><00:37:03.359><c> well,</c><00:37:03.599><c> what</c><00:37:03.680><c> did</c><00:37:03.839><c> he</c><00:37:04.000><c> die</c>

00:37:04.150 --> 00:37:04.160 align:start position:0%
when you say, well, what did he die
 

00:37:04.160 --> 00:37:06.470 align:start position:0%
when you say, well, what did he die
from?<00:37:04.480><c> They'll</c><00:37:04.800><c> say</c><00:37:05.040><c> heart</c><00:37:05.280><c> failure.</c><00:37:06.240><c> But</c><00:37:06.320><c> if</c>

00:37:06.470 --> 00:37:06.480 align:start position:0%
from? They'll say heart failure. But if
 

00:37:06.480 --> 00:37:07.910 align:start position:0%
from? They'll say heart failure. But if
you<00:37:06.560><c> say,</c><00:37:06.720><c> what</c><00:37:06.960><c> was</c><00:37:07.040><c> the</c><00:37:07.200><c> cause</c><00:37:07.359><c> of</c><00:37:07.520><c> his</c><00:37:07.760><c> heart</c>

00:37:07.910 --> 00:37:07.920 align:start position:0%
you say, what was the cause of his heart
 

00:37:07.920 --> 00:37:10.069 align:start position:0%
you say, what was the cause of his heart
failure?<00:37:08.880><c> Well,</c><00:37:09.119><c> he</c><00:37:09.280><c> had</c><00:37:09.520><c> low</c><00:37:09.760><c> blood</c>

00:37:10.069 --> 00:37:10.079 align:start position:0%
failure? Well, he had low blood
 

00:37:10.079 --> 00:37:11.670 align:start position:0%
failure? Well, he had low blood
pressure.<00:37:10.480><c> His</c><00:37:10.640><c> sugar</c><00:37:10.880><c> was</c><00:37:11.040><c> high.</c><00:37:11.359><c> He</c><00:37:11.520><c> was</c>

00:37:11.670 --> 00:37:11.680 align:start position:0%
pressure. His sugar was high. He was
 

00:37:11.680 --> 00:37:13.510 align:start position:0%
pressure. His sugar was high. He was
diabetic.<00:37:12.640><c> He</c><00:37:12.800><c> had</c><00:37:12.880><c> all</c><00:37:13.040><c> these</c><00:37:13.280><c> other</c>

00:37:13.510 --> 00:37:13.520 align:start position:0%
diabetic. He had all these other
 

00:37:13.520 --> 00:37:15.430 align:start position:0%
diabetic. He had all these other
problems.<00:37:14.240><c> But</c><00:37:14.320><c> he</c><00:37:14.400><c> said,</c><00:37:14.480><c> "No,</c><00:37:14.800><c> no,</c><00:37:14.960><c> no.</c><00:37:15.200><c> We</c>

00:37:15.430 --> 00:37:15.440 align:start position:0%
problems. But he said, "No, no, no. We
 

00:37:15.440 --> 00:37:17.910 align:start position:0%
problems. But he said, "No, no, no. We
need<00:37:15.920><c> a</c><00:37:16.240><c> word</c><00:37:16.640><c> on</c><00:37:16.960><c> your</c><00:37:17.119><c> death</c><00:37:17.359><c> certificate.</c>

00:37:17.910 --> 00:37:17.920 align:start position:0%
need a word on your death certificate.
 

00:37:17.920 --> 00:37:20.550 align:start position:0%
need a word on your death certificate.
Did<00:37:18.079><c> he</c><00:37:18.240><c> die</c><00:37:18.480><c> from</c><00:37:19.359><c> brain</c><00:37:19.680><c> damage?</c><00:37:20.079><c> Did</c><00:37:20.240><c> he</c><00:37:20.400><c> die</c>

00:37:20.550 --> 00:37:20.560 align:start position:0%
Did he die from brain damage? Did he die
 

00:37:20.560 --> 00:37:22.230 align:start position:0%
Did he die from brain damage? Did he die
from<00:37:20.720><c> heart</c><00:37:21.040><c> failure?"</c><00:37:21.760><c> That's</c><00:37:22.000><c> the</c>

00:37:22.230 --> 00:37:22.240 align:start position:0%
from heart failure?" That's the
 

00:37:22.240 --> 00:37:24.310 align:start position:0%
from heart failure?" That's the
financial<00:37:22.640><c> crisis.</c><00:37:23.119><c> Many</c><00:37:23.440><c> said</c><00:37:23.680><c> people</c><00:37:24.000><c> said,</c>

00:37:24.310 --> 00:37:24.320 align:start position:0%
financial crisis. Many said people said,
 

00:37:24.320 --> 00:37:26.230 align:start position:0%
financial crisis. Many said people said,
"Well,<00:37:24.720><c> what</c><00:37:24.960><c> caused</c><00:37:25.280><c> it?"</c><00:37:25.520><c> They</c><00:37:25.760><c> wrote</c><00:37:26.000><c> like</c>

00:37:26.230 --> 00:37:26.240 align:start position:0%
"Well, what caused it?" They wrote like
 

00:37:26.240 --> 00:37:29.030 align:start position:0%
"Well, what caused it?" They wrote like
on<00:37:26.400><c> its</c><00:37:26.640><c> death</c><00:37:26.880><c> certificate</c><00:37:27.599><c> derivatives,</c>

00:37:29.030 --> 00:37:29.040 align:start position:0%
on its death certificate derivatives,
 

00:37:29.040 --> 00:37:32.630 align:start position:0%
on its death certificate derivatives,
but<00:37:29.359><c> derivatives</c><00:37:30.000><c> were</c><00:37:30.720><c> not</c><00:37:31.200><c> a</c><00:37:31.520><c> fundamental</c>

00:37:32.630 --> 00:37:32.640 align:start position:0%
but derivatives were not a fundamental
 

00:37:32.640 --> 00:37:34.150 align:start position:0%
but derivatives were not a fundamental
derivatives<00:37:33.119><c> are</c><00:37:33.280><c> not</c><00:37:33.359><c> a</c><00:37:33.520><c> fundamental</c><00:37:33.920><c> cause</c>

00:37:34.150 --> 00:37:34.160 align:start position:0%
derivatives are not a fundamental cause
 

00:37:34.160 --> 00:37:34.790 align:start position:0%
derivatives are not a fundamental cause
of<00:37:34.320><c> anything.</c>

00:37:34.790 --> 00:37:34.800 align:start position:0%
of anything.
 

00:37:34.800 --> 00:37:37.190 align:start position:0%
of anything.
&gt;&gt; On<00:37:34.960><c> the</c><00:37:35.280><c> So,</c><00:37:35.520><c> the</c><00:37:36.160><c> was</c><00:37:36.320><c> it</c><00:37:36.560><c> Sunday</c><00:37:36.800><c> or</c><00:37:36.960><c> Monday?</c>

00:37:37.190 --> 00:37:37.200 align:start position:0%
&gt;&gt; On the So, the was it Sunday or Monday?
 

00:37:37.200 --> 00:37:38.710 align:start position:0%
&gt;&gt; On the So, the was it Sunday or Monday?
I<00:37:37.359><c> can</c><00:37:37.440><c> take</c><00:37:37.599><c> it</c><00:37:37.760><c> was</c><00:37:37.920><c> Monday</c><00:37:38.160><c> morning</c><00:37:38.480><c> when</c>

00:37:38.710 --> 00:37:38.720 align:start position:0%
I can take it was Monday morning when
 

00:37:38.720 --> 00:37:39.910 align:start position:0%
I can take it was Monday morning when
you<00:37:38.800><c> made</c><00:37:38.960><c> your</c><00:37:39.119><c> two</c><00:37:39.280><c> collect</c><00:37:39.599><c> calls</c><00:37:39.760><c> and</c>

00:37:39.910 --> 00:37:39.920 align:start position:0%
you made your two collect calls and
 

00:37:39.920 --> 00:37:41.589 align:start position:0%
you made your two collect calls and
you're<00:37:40.160><c> talking</c><00:37:40.320><c> to</c><00:37:40.640><c> Bear</c><00:37:40.960><c> Sterns</c><00:37:41.280><c> on</c><00:37:41.440><c> one</c>

00:37:41.589 --> 00:37:41.599 align:start position:0%
you're talking to Bear Sterns on one
 

00:37:41.599 --> 00:37:43.109 align:start position:0%
you're talking to Bear Sterns on one
hand<00:37:41.680><c> and</c><00:37:42.000><c> Morgan</c><00:37:42.320><c> Stanley</c><00:37:42.720><c> the</c><00:37:42.880><c> other.</c>

00:37:43.109 --> 00:37:43.119 align:start position:0%
hand and Morgan Stanley the other.
 

00:37:43.119 --> 00:37:43.829 align:start position:0%
hand and Morgan Stanley the other.
&gt;&gt; JP<00:37:43.440><c> Morgan.</c>

00:37:43.829 --> 00:37:43.839 align:start position:0%
&gt;&gt; JP Morgan.
 

00:37:43.839 --> 00:37:46.630 align:start position:0%
&gt;&gt; JP Morgan.
&gt;&gt; JP<00:37:44.079><c> Morgan.</c><00:37:44.560><c> Did</c><00:37:44.720><c> you</c><00:37:45.920><c> That</c><00:37:46.160><c> was</c><00:37:46.320><c> Monday</c>

00:37:46.630 --> 00:37:46.640 align:start position:0%
&gt;&gt; JP Morgan. Did you That was Monday
 

00:37:46.640 --> 00:37:50.150 align:start position:0%
&gt;&gt; JP Morgan. Did you That was Monday
morning.<00:37:47.119><c> Did</c><00:37:47.359><c> you</c><00:37:48.240><c> Jeffrey</c>

00:37:50.150 --> 00:37:50.160 align:start position:0%
morning. Did you Jeffrey
 

00:37:50.160 --> 00:37:53.510 align:start position:0%
morning. Did you Jeffrey
uh

00:37:53.510 --> 00:37:53.520 align:start position:0%
 
 

00:37:53.520 --> 00:37:55.589 align:start position:0%
 
being<00:37:53.760><c> one</c><00:37:53.920><c> of</c><00:37:54.000><c> the</c><00:37:54.160><c> financial</c><00:37:54.880><c> geniuses</c><00:37:55.359><c> in</c>

00:37:55.589 --> 00:37:55.599 align:start position:0%
being one of the financial geniuses in
 

00:37:55.599 --> 00:37:58.230 align:start position:0%
being one of the financial geniuses in
the<00:37:55.760><c> world?</c><00:37:56.960><c> Did</c><00:37:57.200><c> you</c><00:37:57.599><c> understand</c><00:37:58.000><c> what</c>

00:37:58.230 --> 00:37:58.240 align:start position:0%
the world? Did you understand what
 

00:37:58.240 --> 00:37:59.990 align:start position:0%
the world? Did you understand what
Lehman<00:37:58.640><c> Brothers</c><00:37:58.960><c> going</c><00:37:59.040><c> into</c><00:37:59.280><c> bankruptcy,</c>

00:37:59.990 --> 00:38:00.000 align:start position:0%
Lehman Brothers going into bankruptcy,
 

00:38:00.000 --> 00:38:02.870 align:start position:0%
Lehman Brothers going into bankruptcy,
the<00:38:00.400><c> domino</c><00:38:00.880><c> effect</c><00:38:01.520><c> that</c><00:38:01.839><c> by</c><00:38:02.079><c> Thursday</c><00:38:02.560><c> the</c>

00:38:02.870 --> 00:38:02.880 align:start position:0%
the domino effect that by Thursday the
 

00:38:02.880 --> 00:38:05.349 align:start position:0%
the domino effect that by Thursday the
financial<00:38:03.280><c> system</c><00:38:04.079><c> would</c><00:38:04.400><c> be</c><00:38:04.720><c> under</c><00:38:05.040><c> such</c>

00:38:05.349 --> 00:38:05.359 align:start position:0%
financial system would be under such
 

00:38:05.359 --> 00:38:07.829 align:start position:0%
financial system would be under such
extremis<00:38:06.800><c> if</c><00:38:06.960><c> it</c><00:38:07.119><c> didn't</c><00:38:07.200><c> have</c><00:38:07.280><c> a</c><00:38:07.520><c> trillion</c>

00:38:07.829 --> 00:38:07.839 align:start position:0%
extremis if it didn't have a trillion
 

00:38:07.839 --> 00:38:09.349 align:start position:0%
extremis if it didn't have a trillion
dollar<00:38:08.079><c> cash</c><00:38:08.320><c> infusion</c><00:38:08.800><c> in</c><00:38:09.040><c> the</c><00:38:09.200><c> United</c>

00:38:09.349 --> 00:38:09.359 align:start position:0%
dollar cash infusion in the United
 

00:38:09.359 --> 00:38:11.750 align:start position:0%
dollar cash infusion in the United
States<00:38:09.920><c> it</c><00:38:10.160><c> might</c><00:38:10.400><c> collapse?</c><00:38:11.200><c> Did</c><00:38:11.440><c> you</c><00:38:11.599><c> know</c>

00:38:11.750 --> 00:38:11.760 align:start position:0%
States it might collapse? Did you know
 

00:38:11.760 --> 00:38:14.550 align:start position:0%
States it might collapse? Did you know
that<00:38:12.000><c> at</c><00:38:12.160><c> the</c><00:38:12.240><c> time?</c><00:38:12.480><c> Did</c><00:38:12.720><c> you</c><00:38:14.000><c> view</c><00:38:14.240><c> that</c><00:38:14.400><c> at</c>

00:38:14.550 --> 00:38:14.560 align:start position:0%
that at the time? Did you view that at
 

00:38:14.560 --> 00:38:15.270 align:start position:0%
that at the time? Did you view that at
the<00:38:14.720><c> time?</c>

00:38:15.270 --> 00:38:15.280 align:start position:0%
the time?
 

00:38:15.280 --> 00:38:16.390 align:start position:0%
the time?
&gt;&gt; Yes,

00:38:16.390 --> 00:38:16.400 align:start position:0%
&gt;&gt; Yes,
 

00:38:16.400 --> 00:38:17.030 align:start position:0%
&gt;&gt; Yes,
&gt;&gt; you<00:38:16.640><c> did.</c>

00:38:17.030 --> 00:38:17.040 align:start position:0%
&gt;&gt; you did.
 

00:38:17.040 --> 00:38:18.230 align:start position:0%
&gt;&gt; you did.
&gt;&gt; Yeah.

00:38:18.230 --> 00:38:18.240 align:start position:0%
&gt;&gt; Yeah.
 

00:38:18.240 --> 00:38:21.670 align:start position:0%
&gt;&gt; Yeah.
&gt;&gt; Why?<00:38:19.119><c> Again,</c><00:38:19.680><c> I</c><00:38:19.839><c> I</c><00:38:19.920><c> I</c><00:38:20.240><c> don't</c><00:38:20.400><c> want</c><00:38:20.480><c> to</c><00:38:21.119><c> bore</c><00:38:21.520><c> you</c>

00:38:21.670 --> 00:38:21.680 align:start position:0%
&gt;&gt; Why? Again, I I I don't want to bore you
 

00:38:21.680 --> 00:38:23.670 align:start position:0%
&gt;&gt; Why? Again, I I I don't want to bore you
or<00:38:21.920><c> the</c><00:38:22.079><c> audience</c><00:38:22.400><c> with</c><00:38:22.880><c> the</c><00:38:23.040><c> the</c><00:38:23.280><c> idea</c><00:38:23.520><c> of</c>

00:38:23.670 --> 00:38:23.680 align:start position:0%
or the audience with the the idea of
 

00:38:23.680 --> 00:38:26.470 align:start position:0%
or the audience with the the idea of
it's<00:38:23.839><c> a</c><00:38:24.079><c> medical</c><00:38:24.400><c> procedure,</c><00:38:24.960><c> but</c><00:38:25.200><c> you</c><00:38:25.520><c> had</c>

00:38:26.470 --> 00:38:26.480 align:start position:0%
it's a medical procedure, but you had
 

00:38:26.480 --> 00:38:29.030 align:start position:0%
it's a medical procedure, but you had
system<00:38:26.960><c> failures.</c><00:38:28.079><c> So,</c><00:38:28.320><c> you'd</c><00:38:28.640><c> recognize</c>

00:38:29.030 --> 00:38:29.040 align:start position:0%
system failures. So, you'd recognize
 

00:38:29.040 --> 00:38:30.630 align:start position:0%
system failures. So, you'd recognize
that<00:38:29.440><c> if</c><00:38:29.599><c> I</c><00:38:29.760><c> said</c><00:38:29.839><c> to</c><00:38:30.000><c> you,</c><00:38:30.160><c> did</c><00:38:30.320><c> you</c><00:38:30.400><c> realize</c>

00:38:30.630 --> 00:38:30.640 align:start position:0%
that if I said to you, did you realize
 

00:38:30.640 --> 00:38:31.910 align:start position:0%
that if I said to you, did you realize
when<00:38:30.800><c> your</c><00:38:30.960><c> father</c><00:38:31.119><c> was</c><00:38:31.280><c> on</c><00:38:31.440><c> the</c><00:38:31.599><c> ground</c><00:38:31.760><c> and</c>

00:38:31.910 --> 00:38:31.920 align:start position:0%
when your father was on the ground and
 

00:38:31.920 --> 00:38:33.510 align:start position:0%
when your father was on the ground and
he<00:38:32.079><c> was</c><00:38:32.240><c> clutching</c><00:38:32.640><c> his</c><00:38:32.880><c> chest</c><00:38:33.119><c> and</c><00:38:33.280><c> he</c>

00:38:33.510 --> 00:38:33.520 align:start position:0%
he was clutching his chest and he
 

00:38:33.520 --> 00:38:36.470 align:start position:0%
he was clutching his chest and he
couldn't<00:38:33.839><c> breathe?</c><00:38:35.280><c> Uh</c><00:38:35.599><c> it</c><00:38:35.839><c> was</c><00:38:36.000><c> a</c><00:38:36.240><c> bad</c>

00:38:36.470 --> 00:38:36.480 align:start position:0%
couldn't breathe? Uh it was a bad
 

00:38:36.480 --> 00:38:39.670 align:start position:0%
couldn't breathe? Uh it was a bad
situation.<00:38:37.040><c> He</c><00:38:37.200><c> he</c><00:38:37.520><c> could</c><00:38:37.839><c> die.</c><00:38:39.040><c> That's</c><00:38:39.280><c> how</c><00:38:39.440><c> I</c>

00:38:39.670 --> 00:38:39.680 align:start position:0%
situation. He he could die. That's how I
 

00:38:39.680 --> 00:38:40.150 align:start position:0%
situation. He he could die. That's how I
saw<00:38:39.920><c> it.</c>

00:38:40.150 --> 00:38:40.160 align:start position:0%
saw it.
 

00:38:40.160 --> 00:38:42.390 align:start position:0%
saw it.
&gt;&gt; Did<00:38:40.320><c> you</c><00:38:40.480><c> Did</c><00:38:40.720><c> you</c><00:38:40.960><c> know</c><00:38:41.280><c> did</c><00:38:41.440><c> you</c><00:38:41.920><c> immediately</c>

00:38:42.390 --> 00:38:42.400 align:start position:0%
&gt;&gt; Did you Did you know did you immediately
 

00:38:42.400 --> 00:38:43.750 align:start position:0%
&gt;&gt; Did you Did you know did you immediately
think<00:38:42.560><c> about</c><00:38:42.720><c> the</c><00:38:42.880><c> commercial</c><00:38:43.200><c> paper</c><00:38:43.520><c> market?</c>

00:38:43.750 --> 00:38:43.760 align:start position:0%
think about the commercial paper market?
 

00:38:43.760 --> 00:38:46.310 align:start position:0%
think about the commercial paper market?
I<00:38:43.920><c> mean</c><00:38:44.000><c> the</c><00:38:44.160><c> the</c><00:38:44.480><c> mechanical</c><00:38:45.599><c> triggers</c><00:38:46.079><c> that</c>

00:38:46.310 --> 00:38:46.320 align:start position:0%
I mean the the mechanical triggers that
 

00:38:46.320 --> 00:38:48.230 align:start position:0%
I mean the the mechanical triggers that
actually<00:38:46.640><c> had</c><00:38:46.960><c> to</c><00:38:47.359><c> you</c><00:38:47.599><c> had</c><00:38:47.680><c> to</c><00:38:47.839><c> blow</c><00:38:48.079><c> through</c>

00:38:48.230 --> 00:38:48.240 align:start position:0%
actually had to you had to blow through
 

00:38:48.240 --> 00:38:50.069 align:start position:0%
actually had to you had to blow through
these<00:38:48.480><c> circuit</c><00:38:48.800><c> boards.</c><00:38:49.119><c> Did</c><00:38:49.280><c> you</c><00:38:49.440><c> know</c><00:38:49.839><c> the</c>

00:38:50.069 --> 00:38:50.079 align:start position:0%
these circuit boards. Did you know the
 

00:38:50.079 --> 00:38:51.910 align:start position:0%
these circuit boards. Did you know the
circuits?<00:38:50.720><c> Did</c><00:38:51.040><c> you</c><00:38:51.280><c> understand</c><00:38:51.599><c> the</c>

00:38:51.910 --> 00:38:51.920 align:start position:0%
circuits? Did you understand the
 

00:38:51.920 --> 00:38:53.910 align:start position:0%
circuits? Did you understand the
circuits<00:38:52.800><c> or</c><00:38:53.040><c> did</c><00:38:53.200><c> you</c><00:38:53.359><c> have</c><00:38:53.440><c> a</c><00:38:53.599><c> concept</c><00:38:53.760><c> of</c>

00:38:53.910 --> 00:38:53.920 align:start position:0%
circuits or did you have a concept of
 

00:38:53.920 --> 00:38:54.950 align:start position:0%
circuits or did you have a concept of
the<00:38:54.079><c> circuits</c><00:38:54.400><c> that</c><00:38:54.560><c> were</c><00:38:54.640><c> going</c><00:38:54.720><c> to</c><00:38:54.800><c> get</c>

00:38:54.950 --> 00:38:54.960 align:start position:0%
the circuits that were going to get
 

00:38:54.960 --> 00:38:57.510 align:start position:0%
the circuits that were going to get
blown<00:38:55.200><c> through?</c><00:38:55.760><c> Yes,</c><00:38:56.480><c> but</c><00:38:56.800><c> only</c><00:38:57.119><c> because</c><00:38:57.359><c> of</c>

00:38:57.510 --> 00:38:57.520 align:start position:0%
blown through? Yes, but only because of
 

00:38:57.520 --> 00:39:00.150 align:start position:0%
blown through? Yes, but only because of
an<00:38:57.680><c> analogy</c><00:38:58.000><c> to</c><00:38:58.160><c> a</c><00:38:58.400><c> body.</c><00:38:58.800><c> And</c><00:38:59.040><c> in</c><00:38:59.200><c> fact,</c><00:38:59.760><c> from</c>

00:39:00.150 --> 00:39:00.160 align:start position:0%
an analogy to a body. And in fact, from
 

00:39:00.160 --> 00:39:02.870 align:start position:0%
an analogy to a body. And in fact, from
my<00:39:00.880><c> se</c><00:39:01.119><c> my</c><00:39:01.760><c> telephones</c><00:39:02.240><c> against</c><00:39:02.480><c> the</c><00:39:02.640><c> wall</c>

00:39:02.870 --> 00:39:02.880 align:start position:0%
my se my telephones against the wall
 

00:39:02.880 --> 00:39:05.270 align:start position:0%
my se my telephones against the wall
with<00:39:03.040><c> my</c><00:39:03.280><c> little</c><00:39:03.760><c> metal</c><00:39:04.160><c> wires</c><00:39:04.640><c> because</c><00:39:05.040><c> the</c>

00:39:05.270 --> 00:39:05.280 align:start position:0%
with my little metal wires because the
 

00:39:05.280 --> 00:39:07.270 align:start position:0%
with my little metal wires because the
next<00:39:05.440><c> day</c><00:39:05.680><c> I</c><00:39:06.160><c> talked</c><00:39:06.400><c> to</c><00:39:06.560><c> another</c><00:39:06.800><c> person</c><00:39:07.040><c> in</c>

00:39:07.270 --> 00:39:07.280 align:start position:0%
next day I talked to another person in
 

00:39:07.280 --> 00:39:09.270 align:start position:0%
next day I talked to another person in
Washington<00:39:07.920><c> about</c><00:39:08.240><c> the</c><00:39:08.400><c> issues</c><00:39:08.640><c> of</c><00:39:08.880><c> what</c><00:39:09.119><c> I</c>

00:39:09.270 --> 00:39:09.280 align:start position:0%
Washington about the issues of what I
 

00:39:09.280 --> 00:39:10.950 align:start position:0%
Washington about the issues of what I
thought<00:39:09.520><c> was</c><00:39:09.760><c> happening</c><00:39:10.240><c> and</c><00:39:10.480><c> I</c><00:39:10.640><c> made</c><00:39:10.800><c> the</c>

00:39:10.950 --> 00:39:10.960 align:start position:0%
thought was happening and I made the
 

00:39:10.960 --> 00:39:12.230 align:start position:0%
thought was happening and I made the
same<00:39:11.119><c> discussion</c><00:39:11.520><c> about</c><00:39:11.760><c> the</c>

00:39:12.230 --> 00:39:12.240 align:start position:0%
same discussion about the
 

00:39:12.240 --> 00:39:13.589 align:start position:0%
same discussion about the
&gt;&gt; they<00:39:12.400><c> were</c><00:39:12.480><c> at</c><00:39:12.640><c> the</c><00:39:12.720><c> Treasury</c><00:39:13.119><c> Department.</c>

00:39:13.589 --> 00:39:13.599 align:start position:0%
&gt;&gt; they were at the Treasury Department.
 

00:39:13.599 --> 00:39:14.150 align:start position:0%
&gt;&gt; they were at the Treasury Department.
&gt;&gt; Yes.

00:39:14.150 --> 00:39:14.160 align:start position:0%
&gt;&gt; Yes.
 

00:39:14.160 --> 00:39:18.950 align:start position:0%
&gt;&gt; Yes.
&gt;&gt; So<00:39:14.720><c> in</c><00:39:14.960><c> a</c><00:39:15.200><c> in</c><00:39:15.440><c> a</c><00:39:16.880><c> 6x9</c><00:39:17.599><c> cell</c><00:39:18.400><c> in</c>

00:39:18.950 --> 00:39:18.960 align:start position:0%
&gt;&gt; So in a in a 6x9 cell in
 

00:39:18.960 --> 00:39:20.230 align:start position:0%
&gt;&gt; So in a in a 6x9 cell in
&gt;&gt; the<00:39:19.200><c> phones</c><00:39:19.440><c> were</c><00:39:19.599><c> outside</c><00:39:19.760><c> the</c><00:39:19.920><c> cell</c>

00:39:20.230 --> 00:39:20.240 align:start position:0%
&gt;&gt; the phones were outside the cell
 

00:39:20.240 --> 00:39:22.550 align:start position:0%
&gt;&gt; the phones were outside the cell
&gt;&gt; in<00:39:20.480><c> Connie</c><00:39:20.880><c> in</c><00:39:21.040><c> in</c><00:39:21.280><c> in</c><00:39:21.680><c> Palm</c><00:39:22.000><c> Beach</c><00:39:22.240><c> County,</c>

00:39:22.550 --> 00:39:22.560 align:start position:0%
&gt;&gt; in Connie in in in Palm Beach County,
 

00:39:22.560 --> 00:39:23.190 align:start position:0%
&gt;&gt; in Connie in in in Palm Beach County,
California.

00:39:23.190 --> 00:39:23.200 align:start position:0%
California.
 

00:39:23.200 --> 00:39:24.150 align:start position:0%
California.
&gt;&gt; West<00:39:23.440><c> Palm</c><00:39:23.599><c> Beach,</c><00:39:23.839><c> Florida.</c>

00:39:24.150 --> 00:39:24.160 align:start position:0%
&gt;&gt; West Palm Beach, Florida.
 

00:39:24.160 --> 00:39:25.670 align:start position:0%
&gt;&gt; West Palm Beach, Florida.
&gt;&gt; West<00:39:24.320><c> Palm</c><00:39:24.480><c> Beach,</c><00:39:24.720><c> Florida.</c><00:39:25.280><c> your</c><00:39:25.440><c> juice</c>

00:39:25.670 --> 00:39:25.680 align:start position:0%
&gt;&gt; West Palm Beach, Florida. your juice
 

00:39:25.680 --> 00:39:26.230 align:start position:0%
&gt;&gt; West Palm Beach, Florida. your juice
diet.

00:39:26.230 --> 00:39:26.240 align:start position:0%
diet.
 

00:39:26.240 --> 00:39:28.069 align:start position:0%
diet.
&gt;&gt; West<00:39:26.480><c> Palm</c><00:39:26.720><c> Beach,</c><00:39:26.960><c> Florida.</c><00:39:27.599><c> West</c><00:39:27.839><c> Palm</c>

00:39:28.069 --> 00:39:28.079 align:start position:0%
&gt;&gt; West Palm Beach, Florida. West Palm
 

00:39:28.079 --> 00:39:30.230 align:start position:0%
&gt;&gt; West Palm Beach, Florida. West Palm
Beach,<00:39:28.400><c> Florida.</c><00:39:29.520><c> West</c><00:39:29.760><c> Palm</c><00:39:30.000><c> Beach,</c>

00:39:30.230 --> 00:39:30.240 align:start position:0%
Beach, Florida. West Palm Beach,
 

00:39:30.240 --> 00:39:33.670 align:start position:0%
Beach, Florida. West Palm Beach,
Florida.<00:39:31.440><c> Uh</c><00:39:32.480><c> you're</c><00:39:32.800><c> making</c><00:39:32.960><c> a</c><00:39:33.200><c> call</c><00:39:33.440><c> to</c>

00:39:33.670 --> 00:39:33.680 align:start position:0%
Florida. Uh you're making a call to
 

00:39:33.680 --> 00:39:36.470 align:start position:0%
Florida. Uh you're making a call to
Washington<00:39:34.079><c> DC</c><00:39:34.400><c> to</c><00:39:34.640><c> talk</c><00:39:34.800><c> to</c><00:39:35.440><c> some</c><00:39:35.760><c> deputy</c>

00:39:36.470 --> 00:39:36.480 align:start position:0%
Washington DC to talk to some deputy
 

00:39:36.480 --> 00:39:38.390 align:start position:0%
Washington DC to talk to some deputy
deputy<00:39:37.280><c> secretary</c><00:39:37.839><c> treasury.</c>

00:39:38.390 --> 00:39:38.400 align:start position:0%
deputy secretary treasury.
 

00:39:38.400 --> 00:39:39.030 align:start position:0%
deputy secretary treasury.
&gt;&gt; Someone<00:39:38.640><c> in</c><00:39:38.800><c> Treasury,</c>

00:39:39.030 --> 00:39:39.040 align:start position:0%
&gt;&gt; Someone in Treasury,
 

00:39:39.040 --> 00:39:40.230 align:start position:0%
&gt;&gt; Someone in Treasury,
&gt;&gt; right?<00:39:39.280><c> Someone</c><00:39:39.520><c> in</c><00:39:39.760><c> Treasury,</c>

00:39:40.230 --> 00:39:40.240 align:start position:0%
&gt;&gt; right? Someone in Treasury,
 

00:39:40.240 --> 00:39:41.750 align:start position:0%
&gt;&gt; right? Someone in Treasury,
&gt;&gt; right?

00:39:41.750 --> 00:39:41.760 align:start position:0%
&gt;&gt; right?
 

00:39:41.760 --> 00:39:44.310 align:start position:0%
&gt;&gt; right?
&gt;&gt; And<00:39:42.079><c> that</c><00:39:42.480><c> does</c><00:39:42.640><c> not</c>

00:39:44.310 --> 00:39:44.320 align:start position:0%
&gt;&gt; And that does not
 

00:39:44.320 --> 00:39:46.470 align:start position:0%
&gt;&gt; And that does not
the<00:39:44.640><c> night</c><00:39:44.800><c> before</c><00:39:45.040><c> before</c><00:39:45.280><c> you</c><00:39:45.440><c> go</c><00:39:45.520><c> to</c><00:39:45.680><c> bed,</c>

00:39:46.470 --> 00:39:46.480 align:start position:0%
the night before before you go to bed,
 

00:39:46.480 --> 00:39:48.470 align:start position:0%
the night before before you go to bed,
it<00:39:46.800><c> doesn't</c><00:39:47.040><c> dawn</c><00:39:47.359><c> on</c><00:39:47.520><c> you</c><00:39:47.599><c> at</c><00:39:47.760><c> all.</c><00:39:48.000><c> You</c><00:39:48.240><c> never</c>

00:39:48.470 --> 00:39:48.480 align:start position:0%
it doesn't dawn on you at all. You never
 

00:39:48.480 --> 00:39:51.109 align:start position:0%
it doesn't dawn on you at all. You never
have<00:39:48.640><c> a</c><00:39:48.800><c> moment</c><00:39:49.040><c> of</c><00:39:49.200><c> self-reflection</c><00:39:50.480><c> that</c>

00:39:51.109 --> 00:39:51.119 align:start position:0%
have a moment of self-reflection that
 

00:39:51.119 --> 00:39:53.829 align:start position:0%
have a moment of self-reflection that
how<00:39:51.359><c> did</c><00:39:51.520><c> I</c><00:39:51.680><c> end</c><00:39:51.839><c> up</c><00:39:51.920><c> on</c><00:39:52.160><c> this</c><00:39:52.320><c> metal</c><00:39:52.720><c> c</c><00:39:53.440><c> when</c><00:39:53.680><c> I</c>

00:39:53.829 --> 00:39:53.839 align:start position:0%
how did I end up on this metal c when I
 

00:39:53.839 --> 00:39:55.829 align:start position:0%
how did I end up on this metal c when I
should<00:39:54.000><c> be</c><00:39:54.079><c> at</c><00:39:54.240><c> the</c><00:39:54.320><c> center</c><00:39:54.480><c> of</c><00:39:54.640><c> things?</c>

00:39:55.829 --> 00:39:55.839 align:start position:0%
should be at the center of things?
 

00:39:55.839 --> 00:39:58.150 align:start position:0%
should be at the center of things?
&gt;&gt; No,<00:39:56.079><c> I</c><00:39:56.240><c> had</c><00:39:56.320><c> a</c><00:39:56.480><c> telephone.</c><00:39:56.960><c> So,</c><00:39:57.119><c> I've</c><00:39:57.440><c> said</c><00:39:57.920><c> I</c>

00:39:58.150 --> 00:39:58.160 align:start position:0%
&gt;&gt; No, I had a telephone. So, I've said I
 

00:39:58.160 --> 00:39:59.910 align:start position:0%
&gt;&gt; No, I had a telephone. So, I've said I
can<00:39:58.320><c> talk</c><00:39:58.480><c> to</c><00:39:58.800><c> it</c><00:39:59.040><c> makes</c><00:39:59.200><c> no</c><00:39:59.440><c> difference</c><00:39:59.680><c> where</c>

00:39:59.910 --> 00:39:59.920 align:start position:0%
can talk to it makes no difference where
 

00:39:59.920 --> 00:40:01.589 align:start position:0%
can talk to it makes no difference where
I<00:40:00.079><c> am.</c><00:40:00.240><c> In</c><00:40:00.400><c> fact,</c><00:40:00.640><c> I'm</c><00:40:00.880><c> still</c><00:40:01.040><c> talking</c><00:40:01.280><c> to</c><00:40:01.440><c> the</c>

00:40:01.589 --> 00:40:01.599 align:start position:0%
I am. In fact, I'm still talking to the
 

00:40:01.599 --> 00:40:03.589 align:start position:0%
I am. In fact, I'm still talking to the
same<00:40:01.839><c> person</c><00:40:02.240><c> if</c><00:40:02.400><c> I</c><00:40:02.560><c> was</c><00:40:02.720><c> at</c><00:40:02.880><c> my</c><00:40:02.960><c> home</c><00:40:03.119><c> in</c><00:40:03.359><c> Palm</c>

00:40:03.589 --> 00:40:03.599 align:start position:0%
same person if I was at my home in Palm
 

00:40:03.599 --> 00:40:05.589 align:start position:0%
same person if I was at my home in Palm
Beach.<00:40:04.240><c> But</c><00:40:04.320><c> I'm</c><00:40:04.480><c> here</c><00:40:04.640><c> in</c><00:40:04.800><c> jail</c><00:40:05.280><c> in</c><00:40:05.440><c> Palm</c>

00:40:05.589 --> 00:40:05.599 align:start position:0%
Beach. But I'm here in jail in Palm
 

00:40:05.599 --> 00:40:05.910 align:start position:0%
Beach. But I'm here in jail in Palm
Beach.

00:40:05.910 --> 00:40:05.920 align:start position:0%
Beach.
 

00:40:05.920 --> 00:40:07.349 align:start position:0%
Beach.
&gt;&gt; I<00:40:06.079><c> can</c><00:40:06.160><c> dial</c><00:40:06.400><c> my</c><00:40:06.560><c> own</c><00:40:06.720><c> phone.</c>

00:40:07.349 --> 00:40:07.359 align:start position:0%
&gt;&gt; I can dial my own phone.
 

00:40:07.359 --> 00:40:09.030 align:start position:0%
&gt;&gt; I can dial my own phone.
&gt;&gt; That's<00:40:07.680><c> that's</c><00:40:08.079><c> [&nbsp;__&nbsp;]</c><00:40:08.480><c> No,</c><00:40:08.640><c> but</c><00:40:08.800><c> you</c><00:40:08.960><c> can</c>

00:40:09.030 --> 00:40:09.040 align:start position:0%
&gt;&gt; That's that's [&nbsp;__&nbsp;] No, but you can
 

00:40:09.040 --> 00:40:10.710 align:start position:0%
&gt;&gt; That's that's [&nbsp;__&nbsp;] No, but you can
also<00:40:09.280><c> make</c><00:40:09.359><c> a</c><00:40:09.599><c> thousand</c><00:40:09.920><c> phone</c><00:40:10.079><c> calls</c><00:40:10.480><c> here.</c>

00:40:10.710 --> 00:40:10.720 align:start position:0%
also make a thousand phone calls here.
 

00:40:10.720 --> 00:40:12.550 align:start position:0%
also make a thousand phone calls here.
You<00:40:10.880><c> got</c><00:40:10.960><c> to</c><00:40:11.119><c> make</c><00:40:11.200><c> one</c><00:40:11.599><c> and</c><00:40:11.760><c> he's</c><00:40:12.000><c> got</c><00:40:12.079><c> to</c><00:40:12.240><c> take</c>

00:40:12.550 --> 00:40:12.560 align:start position:0%
You got to make one and he's got to take
 

00:40:12.560 --> 00:40:14.230 align:start position:0%
You got to make one and he's got to take
&gt;&gt; Think<00:40:12.720><c> how</c><00:40:12.880><c> much</c><00:40:12.960><c> better</c><00:40:13.200><c> that</c><00:40:13.440><c> was.</c><00:40:13.680><c> I</c><00:40:13.920><c> had</c><00:40:14.079><c> to</c>

00:40:14.230 --> 00:40:14.240 align:start position:0%
&gt;&gt; Think how much better that was. I had to
 

00:40:14.240 --> 00:40:15.990 align:start position:0%
&gt;&gt; Think how much better that was. I had to
decide<00:40:14.560><c> who</c><00:40:14.800><c> was</c><00:40:14.960><c> the</c><00:40:15.119><c> right</c><00:40:15.280><c> person</c><00:40:15.520><c> to</c><00:40:15.680><c> call.</c>

00:40:15.990 --> 00:40:16.000 align:start position:0%
decide who was the right person to call.
 

00:40:16.000 --> 00:40:17.750 align:start position:0%
decide who was the right person to call.
That<00:40:16.240><c> was</c><00:40:16.320><c> unusual</c><00:40:16.720><c> for</c><00:40:16.880><c> me</c><00:40:17.280><c> because</c><00:40:17.520><c> I</c><00:40:17.680><c> would</c>

00:40:17.750 --> 00:40:17.760 align:start position:0%
That was unusual for me because I would
 

00:40:17.760 --> 00:40:18.790 align:start position:0%
That was unusual for me because I would
have<00:40:17.920><c> called</c><00:40:18.160><c> 20</c><00:40:18.400><c> people.</c>

00:40:18.790 --> 00:40:18.800 align:start position:0%
have called 20 people.
 

00:40:18.800 --> 00:40:20.230 align:start position:0%
have called 20 people.
&gt;&gt; And<00:40:18.960><c> what</c><00:40:19.040><c> was</c><00:40:19.200><c> this?</c><00:40:19.440><c> What</c><00:40:19.599><c> was</c><00:40:19.839><c> the</c><00:40:20.000><c> advice</c>

00:40:20.230 --> 00:40:20.240 align:start position:0%
&gt;&gt; And what was this? What was the advice
 

00:40:20.240 --> 00:40:20.870 align:start position:0%
&gt;&gt; And what was this? What was the advice
you<00:40:20.480><c> gave</c><00:40:20.640><c> me?</c>

00:40:20.870 --> 00:40:20.880 align:start position:0%
you gave me?
 

00:40:20.880 --> 00:40:23.349 align:start position:0%
you gave me?
&gt;&gt; I<00:40:21.040><c> said</c><00:40:21.200><c> we</c><00:40:21.440><c> have</c><00:40:21.599><c> you</c><00:40:21.839><c> have</c><00:40:21.920><c> a</c><00:40:22.079><c> sick</c><00:40:22.320><c> patient</c>

00:40:23.349 --> 00:40:23.359 align:start position:0%
&gt;&gt; I said we have you have a sick patient
 

00:40:23.359 --> 00:40:25.430 align:start position:0%
&gt;&gt; I said we have you have a sick patient
and<00:40:23.599><c> it's</c><00:40:23.920><c> very</c><00:40:24.160><c> much</c><00:40:24.400><c> like</c><00:40:24.640><c> a</c><00:40:24.880><c> sick</c><00:40:25.200><c> patient</c>

00:40:25.430 --> 00:40:25.440 align:start position:0%
and it's very much like a sick patient
 

00:40:25.440 --> 00:40:27.349 align:start position:0%
and it's very much like a sick patient
in<00:40:25.599><c> the</c><00:40:25.760><c> emergency</c><00:40:26.079><c> room.</c><00:40:26.560><c> Don't</c><00:40:26.880><c> you</c><00:40:27.119><c> can't</c>

00:40:27.349 --> 00:40:27.359 align:start position:0%
in the emergency room. Don't you can't
 

00:40:27.359 --> 00:40:30.390 align:start position:0%
in the emergency room. Don't you can't
think<00:40:27.599><c> about</c><00:40:27.760><c> it</c><00:40:27.920><c> like</c><00:40:28.160><c> your</c><00:40:28.400><c> car.</c><00:40:29.359><c> People</c><00:40:29.920><c> in</c>

00:40:30.390 --> 00:40:30.400 align:start position:0%
think about it like your car. People in
 

00:40:30.400 --> 00:40:32.230 align:start position:0%
think about it like your car. People in
normal<00:40:30.720><c> walks</c><00:40:31.040><c> of</c><00:40:31.200><c> life</c><00:40:31.440><c> think</c><00:40:31.680><c> about</c><00:40:31.920><c> money</c>

00:40:32.230 --> 00:40:32.240 align:start position:0%
normal walks of life think about money
 

00:40:32.240 --> 00:40:34.710 align:start position:0%
normal walks of life think about money
and<00:40:32.480><c> things</c><00:40:32.800><c> as</c><00:40:33.040><c> a</c><00:40:33.280><c> machine.</c><00:40:34.160><c> And</c>

00:40:34.710 --> 00:40:34.720 align:start position:0%
and things as a machine. And
 

00:40:34.720 --> 00:40:36.630 align:start position:0%
and things as a machine. And
unfortunately,<00:40:35.520><c> so</c><00:40:35.680><c> if</c><00:40:35.839><c> your</c><00:40:36.079><c> car</c><00:40:36.240><c> breaks,</c>

00:40:36.630 --> 00:40:36.640 align:start position:0%
unfortunately, so if your car breaks,
 

00:40:36.640 --> 00:40:39.750 align:start position:0%
unfortunately, so if your car breaks,
cars<00:40:36.880><c> are</c><00:40:37.040><c> always</c><00:40:37.280><c> easier</c><00:40:37.599><c> to</c><00:40:37.760><c> fix.</c>

00:40:39.750 --> 00:40:39.760 align:start position:0%
cars are always easier to fix.
 

00:40:39.760 --> 00:40:43.670 align:start position:0%
cars are always easier to fix.
my<00:40:40.079><c> jets,</c><00:40:40.720><c> my</c><00:40:41.760><c> cars,</c><00:40:42.560><c> if</c><00:40:42.800><c> it</c><00:40:42.960><c> breaks,</c><00:40:43.359><c> I</c><00:40:43.520><c> know</c>

00:40:43.670 --> 00:40:43.680 align:start position:0%
my jets, my cars, if it breaks, I know
 

00:40:43.680 --> 00:40:45.190 align:start position:0%
my jets, my cars, if it breaks, I know
it<00:40:43.839><c> can</c><00:40:44.000><c> be</c><00:40:44.079><c> fixed</c><00:40:44.320><c> because</c><00:40:44.560><c> it</c><00:40:44.800><c> simply</c>

00:40:45.190 --> 00:40:45.200 align:start position:0%
it can be fixed because it simply
 

00:40:45.200 --> 00:40:46.870 align:start position:0%
it can be fixed because it simply
follows<00:40:45.520><c> the</c><00:40:45.839><c> same</c><00:40:46.000><c> pattern.</c><00:40:46.320><c> If</c><00:40:46.480><c> this</c><00:40:46.640><c> part</c>

00:40:46.870 --> 00:40:46.880 align:start position:0%
follows the same pattern. If this part
 

00:40:46.880 --> 00:40:48.230 align:start position:0%
follows the same pattern. If this part
breaks,<00:40:47.200><c> you</c><00:40:47.440><c> replace</c><00:40:47.680><c> the</c><00:40:47.839><c> part</c><00:40:48.000><c> and</c><00:40:48.160><c> the</c>

00:40:48.230 --> 00:40:48.240 align:start position:0%
breaks, you replace the part and the
 

00:40:48.240 --> 00:40:51.670 align:start position:0%
breaks, you replace the part and the
thing<00:40:48.480><c> works</c><00:40:48.800><c> again.</c><00:40:49.760><c> People</c><00:40:51.200><c> and</c><00:40:51.520><c> the</c>

00:40:51.670 --> 00:40:51.680 align:start position:0%
thing works again. People and the
 

00:40:51.680 --> 00:40:54.870 align:start position:0%
thing works again. People and the
financial<00:40:52.160><c> system</c><00:40:52.720><c> are</c><00:40:53.119><c> not</c><00:40:53.440><c> machines.</c><00:40:54.560><c> They</c>

00:40:54.870 --> 00:40:54.880 align:start position:0%
financial system are not machines. They
 

00:40:54.880 --> 00:40:56.550 align:start position:0%
financial system are not machines. They
can't<00:40:55.119><c> be</c><00:40:55.359><c> fixed</c><00:40:55.680><c> the</c><00:40:55.839><c> same</c><00:40:56.000><c> way.</c><00:40:56.160><c> You</c><00:40:56.400><c> can't</c>

00:40:56.550 --> 00:40:56.560 align:start position:0%
can't be fixed the same way. You can't
 

00:40:56.560 --> 00:40:59.589 align:start position:0%
can't be fixed the same way. You can't
simply<00:40:57.119><c> take</c><00:40:57.440><c> out</c><00:40:57.760><c> the</c><00:40:58.079><c> B,</c><00:40:58.880><c> put</c><00:40:59.119><c> some</c><00:40:59.359><c> more</c>

00:40:59.589 --> 00:40:59.599 align:start position:0%
simply take out the B, put some more
 

00:40:59.599 --> 00:41:01.670 align:start position:0%
simply take out the B, put some more
juice<00:40:59.920><c> into</c><00:41:00.160><c> the</c><00:41:00.400><c> commercial</c><00:41:00.800><c> paper</c><00:41:01.119><c> market,</c>

00:41:01.670 --> 00:41:01.680 align:start position:0%
juice into the commercial paper market,
 

00:41:01.680 --> 00:41:03.349 align:start position:0%
juice into the commercial paper market,
and<00:41:01.839><c> that's</c><00:41:02.079><c> like</c><00:41:02.319><c> replacing</c><00:41:02.640><c> the</c><00:41:02.880><c> carburetor</c>

00:41:03.349 --> 00:41:03.359 align:start position:0%
and that's like replacing the carburetor
 

00:41:03.359 --> 00:41:05.910 align:start position:0%
and that's like replacing the carburetor
on<00:41:03.520><c> the</c><00:41:03.680><c> car.</c><00:41:04.480><c> It's</c><00:41:04.720><c> much</c><00:41:04.960><c> more</c><00:41:05.359><c> I</c><00:41:05.599><c> have</c><00:41:05.760><c> a</c>

00:41:05.910 --> 00:41:05.920 align:start position:0%
on the car. It's much more I have a
 

00:41:05.920 --> 00:41:08.390 align:start position:0%
on the car. It's much more I have a
patient<00:41:06.319><c> who</c><00:41:07.119><c> can't</c><00:41:07.359><c> breathe,</c><00:41:07.760><c> has</c><00:41:07.920><c> a</c><00:41:08.079><c> stomach</c>

00:41:08.390 --> 00:41:08.400 align:start position:0%
patient who can't breathe, has a stomach
 

00:41:08.400 --> 00:41:10.710 align:start position:0%
patient who can't breathe, has a stomach
problem,<00:41:09.280><c> can't</c><00:41:09.599><c> see,</c><00:41:09.920><c> has</c><00:41:10.160><c> looks</c><00:41:10.400><c> bleeding</c>

00:41:10.710 --> 00:41:10.720 align:start position:0%
problem, can't see, has looks bleeding
 

00:41:10.720 --> 00:41:13.109 align:start position:0%
problem, can't see, has looks bleeding
at<00:41:10.880><c> the</c><00:41:11.040><c> same</c><00:41:11.200><c> time.</c><00:41:11.839><c> What</c><00:41:12.079><c> do</c><00:41:12.240><c> I</c><00:41:12.400><c> do</c><00:41:12.640><c> first?</c><00:41:12.960><c> I</c>

00:41:13.109 --> 00:41:13.119 align:start position:0%
at the same time. What do I do first? I
 

00:41:13.119 --> 00:41:15.589 align:start position:0%
at the same time. What do I do first? I
have<00:41:13.280><c> to</c><00:41:13.599><c> think</c><00:41:13.839><c> about</c><00:41:14.000><c> it</c><00:41:14.400><c> as</c><00:41:14.640><c> a</c><00:41:14.800><c> system.</c>

00:41:15.589 --> 00:41:15.599 align:start position:0%
have to think about it as a system.
 

00:41:15.599 --> 00:41:17.829 align:start position:0%
have to think about it as a system.
Where's<00:41:15.920><c> the</c><00:41:16.160><c> most</c><00:41:16.720><c> logical</c><00:41:17.200><c> place?</c><00:41:17.599><c> What's</c>

00:41:17.829 --> 00:41:17.839 align:start position:0%
Where's the most logical place? What's
 

00:41:17.839 --> 00:41:20.069 align:start position:0%
Where's the most logical place? What's
the<00:41:18.000><c> most</c><00:41:18.160><c> dangerous</c><00:41:18.720><c> place?</c><00:41:19.440><c> If</c><00:41:19.680><c> your</c><00:41:19.839><c> heart</c>

00:41:20.069 --> 00:41:20.079 align:start position:0%
the most dangerous place? If your heart
 

00:41:20.079 --> 00:41:21.430 align:start position:0%
the most dangerous place? If your heart
stopped,<00:41:20.400><c> we</c><00:41:20.640><c> have</c><00:41:20.720><c> to</c><00:41:20.800><c> start</c><00:41:21.040><c> your</c><00:41:21.200><c> heart</c>

00:41:21.430 --> 00:41:21.440 align:start position:0%
stopped, we have to start your heart
 

00:41:21.440 --> 00:41:25.510 align:start position:0%
stopped, we have to start your heart
again.<00:41:22.240><c> If</c><00:41:22.480><c> the</c><00:41:23.280><c> in</c><00:41:23.520><c> the</c><00:41:23.680><c> equivalent</c><00:41:24.400><c> to</c><00:41:25.280><c> the</c>

00:41:25.510 --> 00:41:25.520 align:start position:0%
again. If the in the equivalent to the
 

00:41:25.520 --> 00:41:28.870 align:start position:0%
again. If the in the equivalent to the
money<00:41:25.920><c> market,</c>

00:41:28.870 --> 00:41:28.880 align:start position:0%
money market,
 

00:41:28.880 --> 00:41:30.550 align:start position:0%
money market,
why<00:41:29.119><c> do</c><00:41:29.200><c> I</c><00:41:29.440><c> have</c><00:41:29.520><c> to</c><00:41:29.599><c> start</c><00:41:29.839><c> your</c><00:41:30.079><c> heart</c><00:41:30.240><c> again?</c>

00:41:30.550 --> 00:41:30.560 align:start position:0%
why do I have to start your heart again?
 

00:41:30.560 --> 00:41:32.870 align:start position:0%
why do I have to start your heart again?
I<00:41:30.800><c> need</c><00:41:30.960><c> to</c><00:41:31.119><c> get</c><00:41:31.200><c> your</c><00:41:31.440><c> blood</c><00:41:31.760><c> flowing.</c><00:41:32.640><c> If</c>

00:41:32.870 --> 00:41:32.880 align:start position:0%
I need to get your blood flowing. If
 

00:41:32.880 --> 00:41:35.349 align:start position:0%
I need to get your blood flowing. If
your<00:41:33.040><c> blood</c><00:41:33.440><c> stops</c>

00:41:35.349 --> 00:41:35.359 align:start position:0%
your blood stops
 

00:41:35.359 --> 00:41:39.190 align:start position:0%
your blood stops
the<00:41:35.839><c> you're</c><00:41:36.079><c> dead.</c><00:41:37.200><c> If</c><00:41:37.520><c> liquidity,</c>

00:41:39.190 --> 00:41:39.200 align:start position:0%
the you're dead. If liquidity,
 

00:41:39.200 --> 00:41:41.829 align:start position:0%
the you're dead. If liquidity,
which<00:41:39.440><c> is</c><00:41:39.520><c> the</c><00:41:39.760><c> equivalent</c><00:41:40.240><c> of</c><00:41:40.560><c> blood</c><00:41:41.359><c> in</c><00:41:41.680><c> the</c>

00:41:41.829 --> 00:41:41.839 align:start position:0%
which is the equivalent of blood in the
 

00:41:41.839 --> 00:41:44.950 align:start position:0%
which is the equivalent of blood in the
financial<00:41:42.400><c> system,</c><00:41:43.839><c> dries</c><00:41:44.240><c> up.</c>

00:41:44.950 --> 00:41:44.960 align:start position:0%
financial system, dries up.
 

00:41:44.960 --> 00:41:46.550 align:start position:0%
financial system, dries up.
&gt;&gt; What's<00:41:45.280><c> liquidity</c><00:41:45.680><c> is</c><00:41:45.839><c> basically</c><00:41:46.160><c> cash</c>

00:41:46.550 --> 00:41:46.560 align:start position:0%
&gt;&gt; What's liquidity is basically cash
 

00:41:46.560 --> 00:41:47.430 align:start position:0%
&gt;&gt; What's liquidity is basically cash
putting<00:41:46.800><c> cash</c><00:41:46.960><c> into</c><00:41:47.200><c> the</c><00:41:47.280><c> system.</c>

00:41:47.430 --> 00:41:47.440 align:start position:0%
putting cash into the system.
 

00:41:47.440 --> 00:41:48.550 align:start position:0%
putting cash into the system.
&gt;&gt; Forget<00:41:47.680><c> about</c><00:41:47.839><c> what</c><00:41:48.079><c> it</c><00:41:48.240><c> is.</c>

00:41:48.550 --> 00:41:48.560 align:start position:0%
&gt;&gt; Forget about what it is.
 

00:41:48.560 --> 00:41:49.190 align:start position:0%
&gt;&gt; Forget about what it is.
&gt;&gt; Okay?

00:41:49.190 --> 00:41:49.200 align:start position:0%
&gt;&gt; Okay?
 

00:41:49.200 --> 00:41:51.430 align:start position:0%
&gt;&gt; Okay?
&gt;&gt; Liquidity<00:41:49.680><c> is</c><00:41:49.920><c> liquidity.</c><00:41:50.560><c> It</c><00:41:50.800><c> allows</c><00:41:51.119><c> the</c>

00:41:51.430 --> 00:41:51.440 align:start position:0%
&gt;&gt; Liquidity is liquidity. It allows the
 

00:41:51.440 --> 00:41:53.750 align:start position:0%
&gt;&gt; Liquidity is liquidity. It allows the
system,<00:41:52.480><c> it's</c><00:41:52.720><c> the</c><00:41:52.880><c> blood</c><00:41:53.119><c> of</c><00:41:53.280><c> the</c><00:41:53.440><c> system.</c>

00:41:53.750 --> 00:41:53.760 align:start position:0%
system, it's the blood of the system.
 

00:41:53.760 --> 00:41:57.510 align:start position:0%
system, it's the blood of the system.
You<00:41:54.000><c> need</c><00:41:54.160><c> to</c><00:41:54.319><c> pump</c><00:41:55.440><c> blood</c><00:41:56.240><c> hard</c><00:41:56.640><c> into</c><00:41:57.040><c> the</c>

00:41:57.510 --> 00:41:57.520 align:start position:0%
You need to pump blood hard into the
 

00:41:57.520 --> 00:42:00.390 align:start position:0%
You need to pump blood hard into the
body<00:41:57.839><c> of</c><00:41:58.079><c> the</c><00:41:58.319><c> economy</c><00:41:58.880><c> to</c><00:41:59.200><c> keep</c><00:41:59.359><c> it</c><00:41:59.599><c> flowing.</c>

00:42:00.390 --> 00:42:00.400 align:start position:0%
body of the economy to keep it flowing.
 

00:42:00.400 --> 00:42:01.910 align:start position:0%
body of the economy to keep it flowing.
And<00:42:00.640><c> if</c><00:42:00.800><c> you</c><00:42:00.960><c> if</c><00:42:01.200><c> you're</c><00:42:01.359><c> especially</c><00:42:01.760><c> when</c>

00:42:01.910 --> 00:42:01.920 align:start position:0%
And if you if you're especially when
 

00:42:01.920 --> 00:42:03.430 align:start position:0%
And if you if you're especially when
you're<00:42:02.079><c> worried</c><00:42:02.319><c> about</c><00:42:02.560><c> someone</c><00:42:02.880><c> dying,</c>

00:42:03.430 --> 00:42:03.440 align:start position:0%
you're worried about someone dying,
 

00:42:03.440 --> 00:42:04.870 align:start position:0%
you're worried about someone dying,
you're<00:42:03.680><c> not</c><00:42:03.839><c> going</c><00:42:03.920><c> to</c><00:42:04.079><c> be</c><00:42:04.240><c> worried</c><00:42:04.480><c> about</c><00:42:04.640><c> the</c>

00:42:04.870 --> 00:42:04.880 align:start position:0%
you're not going to be worried about the
 

00:42:04.880 --> 00:42:06.870 align:start position:0%
you're not going to be worried about the
nicities<00:42:05.520><c> of</c><00:42:05.920><c> well,</c><00:42:06.160><c> you</c><00:42:06.319><c> got</c><00:42:06.480><c> the</c><00:42:06.640><c> shirt</c>

00:42:06.870 --> 00:42:06.880 align:start position:0%
nicities of well, you got the shirt
 

00:42:06.880 --> 00:42:09.589 align:start position:0%
nicities of well, you got the shirt
dirty<00:42:07.200><c> and</c><00:42:07.359><c> there</c><00:42:07.520><c> was</c><00:42:07.599><c> some</c><00:42:07.839><c> damage.</c><00:42:09.119><c> Pump</c><00:42:09.359><c> in</c>

00:42:09.589 --> 00:42:09.599 align:start position:0%
dirty and there was some damage. Pump in
 

00:42:09.599 --> 00:42:10.710 align:start position:0%
dirty and there was some damage. Pump in
that<00:42:09.760><c> blood.</c><00:42:10.079><c> Keep</c><00:42:10.240><c> that.</c>

00:42:10.710 --> 00:42:10.720 align:start position:0%
that blood. Keep that.
 

00:42:10.720 --> 00:42:12.150 align:start position:0%
that blood. Keep that.
&gt;&gt; When<00:42:10.880><c> you</c><00:42:10.960><c> talked</c><00:42:11.119><c> to</c><00:42:11.359><c> to</c><00:42:11.599><c> the</c><00:42:11.760><c> person</c><00:42:12.000><c> in</c>

00:42:12.150 --> 00:42:12.160 align:start position:0%
&gt;&gt; When you talked to to the person in
 

00:42:12.160 --> 00:42:14.230 align:start position:0%
&gt;&gt; When you talked to to the person in
treasury<00:42:12.640><c> on</c><00:42:12.800><c> Tuesday</c><00:42:13.200><c> the</c><00:42:13.440><c> 16th,</c><00:42:13.839><c> did</c><00:42:14.079><c> you</c>

00:42:14.230 --> 00:42:14.240 align:start position:0%
treasury on Tuesday the 16th, did you
 

00:42:14.240 --> 00:42:16.870 align:start position:0%
treasury on Tuesday the 16th, did you
get<00:42:14.400><c> a</c><00:42:14.640><c> feeling</c><00:42:15.839><c> as</c><00:42:16.079><c> you</c><00:42:16.240><c> were</c><00:42:16.400><c> sitting</c><00:42:16.640><c> in</c>

00:42:16.870 --> 00:42:16.880 align:start position:0%
get a feeling as you were sitting in
 

00:42:16.880 --> 00:42:20.309 align:start position:0%
get a feeling as you were sitting in
your<00:42:17.119><c> 6x9</c><00:42:17.920><c> jail</c><00:42:18.240><c> cell</c><00:42:18.640><c> in</c><00:42:18.880><c> West</c><00:42:19.119><c> Palm</c><00:42:19.440><c> Beach,</c>

00:42:20.309 --> 00:42:20.319 align:start position:0%
your 6x9 jail cell in West Palm Beach,
 

00:42:20.319 --> 00:42:23.190 align:start position:0%
your 6x9 jail cell in West Palm Beach,
Florida,<00:42:21.680><c> that</c><00:42:22.400><c> they</c><00:42:22.640><c> were</c><00:42:22.720><c> on</c><00:42:22.960><c> top</c><00:42:23.040><c> of</c>

00:42:23.190 --> 00:42:23.200 align:start position:0%
Florida, that they were on top of
 

00:42:23.200 --> 00:42:24.710 align:start position:0%
Florida, that they were on top of
things?

00:42:24.710 --> 00:42:24.720 align:start position:0%
things?
 

00:42:24.720 --> 00:42:26.309 align:start position:0%
things?
&gt;&gt; No,<00:42:24.960><c> you</c><00:42:25.119><c> can't.</c><00:42:25.359><c> It's</c><00:42:25.520><c> impossible</c><00:42:25.839><c> to</c><00:42:26.000><c> be</c><00:42:26.160><c> on</c>

00:42:26.309 --> 00:42:26.319 align:start position:0%
&gt;&gt; No, you can't. It's impossible to be on
 

00:42:26.319 --> 00:42:29.270 align:start position:0%
&gt;&gt; No, you can't. It's impossible to be on
top<00:42:26.480><c> of</c><00:42:26.640><c> things.</c><00:42:27.440><c> There's</c><00:42:27.680><c> no</c><00:42:27.839><c> such</c><00:42:28.079><c> thing.</c>

00:42:29.270 --> 00:42:29.280 align:start position:0%
top of things. There's no such thing.
 

00:42:29.280 --> 00:42:31.349 align:start position:0%
top of things. There's no such thing.
It's<00:42:29.599><c> again</c><00:42:30.160><c> the</c><00:42:30.400><c> doctor</c><00:42:30.800><c> watching</c><00:42:31.119><c> the</c>

00:42:31.349 --> 00:42:31.359 align:start position:0%
It's again the doctor watching the
 

00:42:31.359 --> 00:42:33.430 align:start position:0%
It's again the doctor watching the
patient<00:42:31.680><c> die.</c><00:42:32.319><c> You</c><00:42:32.560><c> hopefully</c><00:42:32.960><c> have</c><00:42:33.119><c> some</c>

00:42:33.430 --> 00:42:33.440 align:start position:0%
patient die. You hopefully have some
 

00:42:33.440 --> 00:42:36.390 align:start position:0%
patient die. You hopefully have some
confidence<00:42:33.839><c> that</c><00:42:34.079><c> he's</c><00:42:34.319><c> seen</c><00:42:34.560><c> it</c><00:42:34.800><c> before.</c><00:42:36.160><c> He</c>

00:42:36.390 --> 00:42:36.400 align:start position:0%
confidence that he's seen it before. He
 

00:42:36.400 --> 00:42:38.870 align:start position:0%
confidence that he's seen it before. He
recognizes<00:42:36.960><c> that</c><00:42:37.200><c> there</c><00:42:37.359><c> are</c><00:42:37.520><c> some</c><00:42:38.319><c> steps</c><00:42:38.640><c> he</c>

00:42:38.870 --> 00:42:38.880 align:start position:0%
recognizes that there are some steps he
 

00:42:38.880 --> 00:42:40.710 align:start position:0%
recognizes that there are some steps he
has<00:42:38.960><c> to</c><00:42:39.119><c> take</c><00:42:39.280><c> first</c><00:42:39.520><c> before</c><00:42:39.839><c> he</c><00:42:40.000><c> bandages</c><00:42:40.480><c> the</c>

00:42:40.710 --> 00:42:40.720 align:start position:0%
has to take first before he bandages the
 

00:42:40.720 --> 00:42:42.790 align:start position:0%
has to take first before he bandages the
guy's<00:42:40.960><c> finger</c><00:42:41.280><c> or</c><00:42:41.520><c> worries</c><00:42:41.839><c> about</c><00:42:42.240><c> what</c><00:42:42.480><c> shoes</c>

00:42:42.790 --> 00:42:42.800 align:start position:0%
guy's finger or worries about what shoes
 

00:42:42.800 --> 00:42:45.190 align:start position:0%
guy's finger or worries about what shoes
he<00:42:43.040><c> has</c><00:42:43.200><c> on.</c><00:42:44.000><c> So</c><00:42:44.160><c> you</c><00:42:44.400><c> hope</c><00:42:44.560><c> that</c><00:42:44.720><c> the</c><00:42:44.960><c> people</c>

00:42:45.190 --> 00:42:45.200 align:start position:0%
he has on. So you hope that the people
 

00:42:45.200 --> 00:42:46.790 align:start position:0%
he has on. So you hope that the people
in<00:42:45.520><c> charge,</c><00:42:45.839><c> your</c><00:42:46.079><c> doctors</c><00:42:46.400><c> who</c><00:42:46.560><c> are</c><00:42:46.640><c> working</c>

00:42:46.790 --> 00:42:46.800 align:start position:0%
in charge, your doctors who are working
 

00:42:46.800 --> 00:42:48.630 align:start position:0%
in charge, your doctors who are working
on<00:42:46.960><c> the</c><00:42:47.119><c> emergency</c><00:42:47.599><c> patient,</c><00:42:48.160><c> have</c><00:42:48.319><c> enough</c>

00:42:48.630 --> 00:42:48.640 align:start position:0%
on the emergency patient, have enough
 

00:42:48.640 --> 00:42:52.790 align:start position:0%
on the emergency patient, have enough
experience<00:42:49.520><c> and</c><00:42:50.560><c> frankly</c><00:42:51.280><c> judgment</c><00:42:52.400><c> to</c><00:42:52.640><c> try</c>

00:42:52.790 --> 00:42:52.800 align:start position:0%
experience and frankly judgment to try
 

00:42:52.800 --> 00:42:54.630 align:start position:0%
experience and frankly judgment to try
to<00:42:52.960><c> keep</c><00:42:53.119><c> the</c><00:42:53.359><c> patient</c><00:42:53.680><c> alive.</c><00:42:54.240><c> Do</c><00:42:54.319><c> you</c><00:42:54.480><c> think</c>

00:42:54.630 --> 00:42:54.640 align:start position:0%
to keep the patient alive. Do you think
 

00:42:54.640 --> 00:42:56.710 align:start position:0%
to keep the patient alive. Do you think
that<00:42:54.720><c> they</c><00:42:55.040><c> did</c><00:42:55.280><c> you</c><00:42:55.440><c> think</c><00:42:55.599><c> that</c><00:42:55.760><c> they</c>

00:42:56.710 --> 00:42:56.720 align:start position:0%
that they did you think that they
 

00:42:56.720 --> 00:42:59.109 align:start position:0%
that they did you think that they
&gt;&gt; had<00:42:56.960><c> those</c><00:42:57.200><c> things?</c><00:42:57.599><c> Patience</c><00:42:58.000><c> and</c><00:42:58.240><c> judgment.</c>

00:42:59.109 --> 00:42:59.119 align:start position:0%
&gt;&gt; had those things? Patience and judgment.
 

00:42:59.119 --> 00:43:01.109 align:start position:0%
&gt;&gt; had those things? Patience and judgment.
&gt;&gt; They<00:42:59.359><c> had</c><00:42:59.599><c> pretty</c><00:42:59.839><c> good</c><00:43:00.000><c> judgment</c><00:43:00.640><c> and</c><00:43:00.880><c> you</c>

00:43:01.109 --> 00:43:01.119 align:start position:0%
&gt;&gt; They had pretty good judgment and you
 

00:43:01.119 --> 00:43:03.030 align:start position:0%
&gt;&gt; They had pretty good judgment and you
needed<00:43:01.359><c> a</c><00:43:01.520><c> lot</c><00:43:01.599><c> of</c><00:43:01.760><c> luck.</c><00:43:02.240><c> Just</c><00:43:02.400><c> like</c><00:43:02.560><c> in</c><00:43:02.720><c> the</c>

00:43:03.030 --> 00:43:03.040 align:start position:0%
needed a lot of luck. Just like in the
 

00:43:03.040 --> 00:43:05.510 align:start position:0%
needed a lot of luck. Just like in the
dead<00:43:03.359><c> patient,</c><00:43:03.920><c> you</c><00:43:04.160><c> need</c><00:43:04.319><c> to</c><00:43:05.040><c> hopefully</c><00:43:05.440><c> you</c>

00:43:05.510 --> 00:43:05.520 align:start position:0%
dead patient, you need to hopefully you
 

00:43:05.520 --> 00:43:08.150 align:start position:0%
dead patient, you need to hopefully you
put<00:43:05.680><c> that</c><00:43:05.920><c> blood</c><00:43:06.160><c> in</c><00:43:06.319><c> and</c><00:43:06.480><c> it's</c><00:43:06.640><c> not</c><00:43:06.800><c> too</c><00:43:06.960><c> late.</c>

00:43:08.150 --> 00:43:08.160 align:start position:0%
put that blood in and it's not too late.
 

00:43:08.160 --> 00:43:10.230 align:start position:0%
put that blood in and it's not too late.
And<00:43:08.640><c> you</c><00:43:08.960><c> maybe</c><00:43:09.280><c> you</c><00:43:09.520><c> make</c><00:43:09.680><c> some</c><00:43:09.839><c> mistakes,</c>

00:43:10.230 --> 00:43:10.240 align:start position:0%
And you maybe you make some mistakes,
 

00:43:10.240 --> 00:43:11.270 align:start position:0%
And you maybe you make some mistakes,
but<00:43:10.480><c> you</c><00:43:10.640><c> have</c><00:43:10.720><c> to</c><00:43:10.800><c> know</c><00:43:10.960><c> you're</c><00:43:11.119><c> going</c><00:43:11.200><c> to</c>

00:43:11.270 --> 00:43:11.280 align:start position:0%
but you have to know you're going to
 

00:43:11.280 --> 00:43:12.230 align:start position:0%
but you have to know you're going to
have<00:43:11.359><c> to</c><00:43:11.440><c> give</c><00:43:11.599><c> it</c><00:43:11.680><c> a</c><00:43:11.839><c> shock.</c>

00:43:12.230 --> 00:43:12.240 align:start position:0%
have to give it a shock.
 

00:43:12.240 --> 00:43:14.470 align:start position:0%
have to give it a shock.
&gt;&gt; In<00:43:12.400><c> the</c><00:43:12.560><c> run-up</c><00:43:12.880><c> to</c><00:43:13.280><c> uh</c><00:43:13.440><c> the</c><00:43:13.680><c> September</c><00:43:14.160><c> crash</c>

00:43:14.470 --> 00:43:14.480 align:start position:0%
&gt;&gt; In the run-up to uh the September crash
 

00:43:14.480 --> 00:43:15.670 align:start position:0%
&gt;&gt; In the run-up to uh the September crash
of<00:43:14.720><c> 2008.</c><00:43:15.359><c> Yeah.</c>

00:43:15.670 --> 00:43:15.680 align:start position:0%
of 2008. Yeah.
 

00:43:15.680 --> 00:43:17.190 align:start position:0%
of 2008. Yeah.
&gt;&gt; I<00:43:15.920><c> guess</c><00:43:16.079><c> you</c><00:43:16.240><c> weren't</c><00:43:16.560><c> occupied</c><00:43:16.960><c> with</c>

00:43:17.190 --> 00:43:17.200 align:start position:0%
&gt;&gt; I guess you weren't occupied with
 

00:43:17.200 --> 00:43:18.870 align:start position:0%
&gt;&gt; I guess you weren't occupied with
finance<00:43:17.599><c> that</c><00:43:17.839><c> whole</c><00:43:18.079><c> summer.</c><00:43:18.400><c> How</c><00:43:18.560><c> long</c><00:43:18.720><c> had</c>

00:43:18.870 --> 00:43:18.880 align:start position:0%
finance that whole summer. How long had
 

00:43:18.880 --> 00:43:19.910 align:start position:0%
finance that whole summer. How long had
you<00:43:19.040><c> been</c><00:43:19.200><c> in</c><00:43:19.359><c> jail?</c>

00:43:19.910 --> 00:43:19.920 align:start position:0%
you been in jail?
 

00:43:19.920 --> 00:43:22.309 align:start position:0%
you been in jail?
&gt;&gt; I<00:43:20.079><c> got</c><00:43:20.240><c> went</c><00:43:20.480><c> to</c><00:43:20.640><c> jail</c><00:43:20.880><c> June</c><00:43:21.839><c> 30th.</c>

00:43:22.309 --> 00:43:22.319 align:start position:0%
&gt;&gt; I got went to jail June 30th.
 

00:43:22.319 --> 00:43:23.829 align:start position:0%
&gt;&gt; I got went to jail June 30th.
&gt;&gt; So<00:43:22.480><c> the</c><00:43:22.720><c> entire</c><00:43:22.960><c> summer?</c><00:43:23.520><c> Yes.</c>

00:43:23.829 --> 00:43:23.839 align:start position:0%
&gt;&gt; So the entire summer? Yes.
 

00:43:23.839 --> 00:43:25.510 align:start position:0%
&gt;&gt; So the entire summer? Yes.
&gt;&gt; Before<00:43:24.079><c> you</c><00:43:24.240><c> went</c><00:43:24.400><c> into</c><00:43:24.720><c> jail,</c><00:43:25.119><c> you</c><00:43:25.359><c> were</c>

00:43:25.510 --> 00:43:25.520 align:start position:0%
&gt;&gt; Before you went into jail, you were
 

00:43:25.520 --> 00:43:27.109 align:start position:0%
&gt;&gt; Before you went into jail, you were
still<00:43:25.839><c> very</c><00:43:26.160><c> active</c><00:43:26.400><c> in</c><00:43:26.640><c> the</c><00:43:26.800><c> financial</c>

00:43:27.109 --> 00:43:27.119 align:start position:0%
still very active in the financial
 

00:43:27.119 --> 00:43:27.750 align:start position:0%
still very active in the financial
markets.

00:43:27.750 --> 00:43:27.760 align:start position:0%
markets.
 

00:43:27.760 --> 00:43:28.309 align:start position:0%
markets.
&gt;&gt; Yes.

00:43:28.309 --> 00:43:28.319 align:start position:0%
&gt;&gt; Yes.
 

00:43:28.319 --> 00:43:30.470 align:start position:0%
&gt;&gt; Yes.
&gt;&gt; When<00:43:28.480><c> I</c><00:43:28.720><c> say</c><00:43:28.880><c> active,</c><00:43:29.359><c> you</c><00:43:29.760><c> trade</c><00:43:30.079><c> currencies</c>

00:43:30.470 --> 00:43:30.480 align:start position:0%
&gt;&gt; When I say active, you trade currencies
 

00:43:30.480 --> 00:43:32.150 align:start position:0%
&gt;&gt; When I say active, you trade currencies
every<00:43:30.720><c> day.</c><00:43:31.040><c> You</c><00:43:31.200><c> trade</c><00:43:31.520><c> stocks</c><00:43:31.760><c> every</c><00:43:31.920><c> day.</c>

00:43:32.150 --> 00:43:32.160 align:start position:0%
every day. You trade stocks every day.
 

00:43:32.160 --> 00:43:35.109 align:start position:0%
every day. You trade stocks every day.
When<00:43:32.880><c> when</c><00:43:33.040><c> people</c><00:43:34.160><c> someone</c><00:43:34.400><c> like</c><00:43:34.560><c> you</c><00:43:34.880><c> are</c>

00:43:35.109 --> 00:43:35.119 align:start position:0%
When when people someone like you are
 

00:43:35.119 --> 00:43:36.950 align:start position:0%
When when people someone like you are
give<00:43:35.359><c> you</c><00:43:35.599><c> give</c><00:43:35.839><c> advice</c><00:43:36.079><c> to</c><00:43:36.319><c> people</c><00:43:36.480><c> to</c><00:43:36.720><c> trade</c>

00:43:36.950 --> 00:43:36.960 align:start position:0%
give you give advice to people to trade
 

00:43:36.960 --> 00:43:38.870 align:start position:0%
give you give advice to people to trade
stocks<00:43:37.359><c> or</c><00:43:38.000><c> trade</c><00:43:38.319><c> currencies.</c>

00:43:38.870 --> 00:43:38.880 align:start position:0%
stocks or trade currencies.
 

00:43:38.880 --> 00:43:40.950 align:start position:0%
stocks or trade currencies.
&gt;&gt; I<00:43:39.040><c> I</c><00:43:39.280><c> don't</c><00:43:39.440><c> trade</c><00:43:39.760><c> every</c><00:43:40.079><c> day.</c><00:43:40.480><c> I</c><00:43:40.640><c> I</c><00:43:40.800><c> think</c>

00:43:40.950 --> 00:43:40.960 align:start position:0%
&gt;&gt; I I don't trade every day. I I think
 

00:43:40.960 --> 00:43:44.309 align:start position:0%
&gt;&gt; I I don't trade every day. I I think
that's<00:43:42.319><c> like</c><00:43:42.480><c> Woody</c><00:43:42.800><c> Allen</c><00:43:43.200><c> said,</c><00:43:43.520><c> it's</c><00:43:44.000><c> you</c>

00:43:44.309 --> 00:43:44.319 align:start position:0%
that's like Woody Allen said, it's you
 

00:43:44.319 --> 00:43:47.030 align:start position:0%
that's like Woody Allen said, it's you
can't<00:43:44.480><c> beat</c><00:43:44.800><c> the</c><00:43:44.960><c> bank.</c><00:43:45.839><c> So,</c><00:43:46.000><c> I</c><00:43:46.079><c> I</c><00:43:46.400><c> try</c><00:43:46.560><c> to</c><00:43:46.720><c> pick</c>

00:43:47.030 --> 00:43:47.040 align:start position:0%
can't beat the bank. So, I I try to pick
 

00:43:47.040 --> 00:43:49.670 align:start position:0%
can't beat the bank. So, I I try to pick
my<00:43:47.280><c> spots.</c><00:43:48.319><c> You</c><00:43:48.480><c> know,</c><00:43:48.640><c> George</c><00:43:48.960><c> Soros</c><00:43:49.440><c> picked</c>

00:43:49.670 --> 00:43:49.680 align:start position:0%
my spots. You know, George Soros picked
 

00:43:49.680 --> 00:43:50.950 align:start position:0%
my spots. You know, George Soros picked
his<00:43:49.839><c> spot</c><00:43:50.079><c> in</c><00:43:50.240><c> the</c><00:43:50.400><c> when</c><00:43:50.560><c> the</c><00:43:50.640><c> pound</c>

00:43:50.950 --> 00:43:50.960 align:start position:0%
his spot in the when the pound
 

00:43:50.960 --> 00:43:52.710 align:start position:0%
his spot in the when the pound
collapsed.<00:43:51.680><c> This</c><00:43:51.920><c> would</c><00:43:52.079><c> have</c><00:43:52.240><c> been</c><00:43:52.319><c> a</c><00:43:52.480><c> great</c>

00:43:52.710 --> 00:43:52.720 align:start position:0%
collapsed. This would have been a great
 

00:43:52.720 --> 00:43:54.790 align:start position:0%
collapsed. This would have been a great
money-making<00:43:53.280><c> opportunity</c><00:43:53.920><c> that</c><00:43:54.319><c> passed</c><00:43:54.640><c> me</c>

00:43:54.790 --> 00:43:54.800 align:start position:0%
money-making opportunity that passed me
 

00:43:54.800 --> 00:43:56.390 align:start position:0%
money-making opportunity that passed me
by<00:43:54.960><c> when</c><00:43:55.119><c> I</c><00:43:55.280><c> was</c><00:43:55.359><c> in</c><00:43:55.520><c> jail,</c><00:43:55.680><c> but</c><00:43:55.920><c> that's</c><00:43:56.240><c> not</c>

00:43:56.390 --> 00:43:56.400 align:start position:0%
by when I was in jail, but that's not
 

00:43:56.400 --> 00:43:58.069 align:start position:0%
by when I was in jail, but that's not
how<00:43:56.560><c> I</c><00:43:56.800><c> think.</c>

00:43:58.069 --> 00:43:58.079 align:start position:0%
how I think.
 

00:43:58.079 --> 00:43:59.750 align:start position:0%
how I think.
&gt;&gt; In<00:43:58.240><c> the</c><00:43:58.400><c> run-up</c><00:43:58.640><c> to</c><00:43:58.800><c> that,</c><00:43:58.960><c> in</c><00:43:59.200><c> the</c><00:43:59.359><c> spring</c><00:43:59.520><c> of</c>

00:43:59.750 --> 00:43:59.760 align:start position:0%
&gt;&gt; In the run-up to that, in the spring of
 

00:43:59.760 --> 00:44:02.470 align:start position:0%
&gt;&gt; In the run-up to that, in the spring of
2008,<00:44:00.720><c> were</c><00:44:00.960><c> you</c><00:44:01.359><c> that's</c><00:44:01.599><c> when</c><00:44:01.760><c> Bear</c><00:44:02.079><c> Sterns</c>

00:44:02.470 --> 00:44:02.480 align:start position:0%
2008, were you that's when Bear Sterns
 

00:44:02.480 --> 00:44:03.829 align:start position:0%
2008, were you that's when Bear Sterns
got<00:44:02.560><c> in</c><00:44:02.720><c> problems,</c><00:44:03.040><c> I</c><00:44:03.200><c> think,</c><00:44:03.280><c> in</c><00:44:03.440><c> in</c><00:44:03.680><c> the</c>

00:44:03.829 --> 00:44:03.839 align:start position:0%
got in problems, I think, in in the
 

00:44:03.839 --> 00:44:05.750 align:start position:0%
got in problems, I think, in in the
spring<00:44:04.000><c> of</c><00:44:04.240><c> 2008</c><00:44:04.800><c> and</c><00:44:05.040><c> they</c><00:44:05.200><c> decided</c><00:44:05.440><c> to</c><00:44:05.520><c> bail</c>

00:44:05.750 --> 00:44:05.760 align:start position:0%
spring of 2008 and they decided to bail
 

00:44:05.760 --> 00:44:06.630 align:start position:0%
spring of 2008 and they decided to bail
it<00:44:05.920><c> out.</c>

00:44:06.630 --> 00:44:06.640 align:start position:0%
it out.
 

00:44:06.640 --> 00:44:08.550 align:start position:0%
it out.
&gt;&gt; Did<00:44:06.800><c> the</c><00:44:06.960><c> Bear</c><00:44:07.200><c> Sterns</c><00:44:07.599><c> guys</c><00:44:07.839><c> talk</c><00:44:07.920><c> to</c><00:44:08.079><c> you</c><00:44:08.240><c> for</c>

00:44:08.550 --> 00:44:08.560 align:start position:0%
&gt;&gt; Did the Bear Sterns guys talk to you for
 

00:44:08.560 --> 00:44:10.230 align:start position:0%
&gt;&gt; Did the Bear Sterns guys talk to you for
advice<00:44:08.880><c> at</c><00:44:09.119><c> that</c><00:44:09.280><c> time</c><00:44:09.440><c> when</c><00:44:09.599><c> the</c><00:44:09.760><c> in</c><00:44:09.920><c> the</c><00:44:10.079><c> big</c>

00:44:10.230 --> 00:44:10.240 align:start position:0%
advice at that time when the in the big
 

00:44:10.240 --> 00:44:11.430 align:start position:0%
advice at that time when the in the big
crisis<00:44:10.560><c> in</c><00:44:10.720><c> Bear</c><00:44:10.960><c> Sterns?</c>

00:44:11.430 --> 00:44:11.440 align:start position:0%
crisis in Bear Sterns?
 

00:44:11.440 --> 00:44:14.550 align:start position:0%
crisis in Bear Sterns?
&gt;&gt; No.<00:44:11.920><c> the</c><00:44:12.240><c> you</c><00:44:12.400><c> see</c><00:44:13.200><c> again</c><00:44:13.599><c> unbeknownst</c><00:44:14.240><c> to</c>

00:44:14.550 --> 00:44:14.560 align:start position:0%
&gt;&gt; No. the you see again unbeknownst to
 

00:44:14.560 --> 00:44:16.550 align:start position:0%
&gt;&gt; No. the you see again unbeknownst to
most<00:44:14.960><c> people</c>

00:44:16.550 --> 00:44:16.560 align:start position:0%
most people
 

00:44:16.560 --> 00:44:19.589 align:start position:0%
most people
and<00:44:16.880><c> it's</c><00:44:17.200><c> easy</c><00:44:17.520><c> to</c><00:44:17.839><c> blame</c><00:44:18.400><c> people</c><00:44:19.040><c> for</c><00:44:19.359><c> the</c>

00:44:19.589 --> 00:44:19.599 align:start position:0%
and it's easy to blame people for the
 

00:44:19.599 --> 00:44:21.829 align:start position:0%
and it's easy to blame people for the
financial<00:44:20.079><c> crisis</c><00:44:20.560><c> like</c><00:44:20.800><c> you'd</c><00:44:21.040><c> blame</c><00:44:21.280><c> the</c>

00:44:21.829 --> 00:44:21.839 align:start position:0%
financial crisis like you'd blame the
 

00:44:21.839 --> 00:44:23.750 align:start position:0%
financial crisis like you'd blame the
someone<00:44:22.240><c> for</c><00:44:22.480><c> giving</c><00:44:22.640><c> your</c><00:44:22.880><c> father</c><00:44:23.119><c> the</c><00:44:23.520><c> drink</c>

00:44:23.750 --> 00:44:23.760 align:start position:0%
someone for giving your father the drink
 

00:44:23.760 --> 00:44:26.630 align:start position:0%
someone for giving your father the drink
before<00:44:24.000><c> he</c><00:44:24.240><c> had</c><00:44:24.319><c> his</c><00:44:24.480><c> heart</c><00:44:24.640><c> attack</c>

00:44:26.630 --> 00:44:26.640 align:start position:0%
before he had his heart attack
 

00:44:26.640 --> 00:44:29.990 align:start position:0%
before he had his heart attack
but<00:44:26.960><c> what</c><00:44:27.359><c> really</c><00:44:27.760><c> happened</c>

00:44:29.990 --> 00:44:30.000 align:start position:0%
but what really happened
 

00:44:30.000 --> 00:44:33.829 align:start position:0%
but what really happened
the<00:44:30.319><c> real</c><00:44:31.520><c> enemy</c><00:44:32.000><c> of</c><00:44:32.319><c> the</c><00:44:32.720><c> finance</c><00:44:33.359><c> system</c><00:44:33.599><c> was</c>

00:44:33.829 --> 00:44:33.839 align:start position:0%
the real enemy of the finance system was
 

00:44:33.839 --> 00:44:37.349 align:start position:0%
the real enemy of the finance system was
Bill<00:44:34.160><c> Clinton</c><00:44:35.520><c> and</c><00:44:35.760><c> if</c><00:44:35.920><c> if</c><00:44:36.160><c> you</c><00:44:36.240><c> ask</c><00:44:36.480><c> me</c><00:44:37.040><c> what</c>

00:44:37.349 --> 00:44:37.359 align:start position:0%
Bill Clinton and if if you ask me what
 

00:44:37.359 --> 00:44:39.670 align:start position:0%
Bill Clinton and if if you ask me what
and<00:44:37.680><c> who</c><00:44:37.920><c> caused</c><00:44:38.160><c> the</c><00:44:38.400><c> financial</c><00:44:38.800><c> crisis</c><00:44:39.440><c> I</c>

00:44:39.670 --> 00:44:39.680 align:start position:0%
and who caused the financial crisis I
 

00:44:39.680 --> 00:44:42.069 align:start position:0%
and who caused the financial crisis I
would<00:44:39.839><c> tell</c><00:44:39.920><c> you</c><00:44:40.079><c> it</c><00:44:40.240><c> was</c><00:44:40.319><c> Bill</c><00:44:40.560><c> Clinton</c>

00:44:42.069 --> 00:44:42.079 align:start position:0%
would tell you it was Bill Clinton
 

00:44:42.079 --> 00:44:44.309 align:start position:0%
would tell you it was Bill Clinton
because<00:44:42.480><c> of</c><00:44:42.640><c> what</c><00:44:43.040><c> Bob</c><00:44:43.359><c> Rubin</c><00:44:43.680><c> and</c><00:44:43.839><c> he</c><00:44:44.000><c> did</c><00:44:44.079><c> to</c>

00:44:44.309 --> 00:44:44.319 align:start position:0%
because of what Bob Rubin and he did to
 

00:44:44.319 --> 00:44:46.069 align:start position:0%
because of what Bob Rubin and he did to
the<00:44:44.480><c> financial</c><00:44:44.880><c> deregulate</c><00:44:45.520><c> the</c><00:44:45.680><c> financial</c>

00:44:46.069 --> 00:44:46.079 align:start position:0%
the financial deregulate the financial
 

00:44:46.079 --> 00:44:46.790 align:start position:0%
the financial deregulate the financial
system.

00:44:46.790 --> 00:44:46.800 align:start position:0%
system.
 

00:44:46.800 --> 00:44:48.630 align:start position:0%
system.
&gt;&gt; No,

00:44:48.630 --> 00:44:48.640 align:start position:0%
&gt;&gt; No,
 

00:44:48.640 --> 00:44:51.270 align:start position:0%
&gt;&gt; No,
because<00:44:49.359><c> as</c><00:44:49.680><c> of</c><00:44:49.920><c> the</c><00:44:50.240><c> last</c><00:44:50.480><c> time</c><00:44:50.720><c> we</c><00:44:50.960><c> had</c><00:44:51.040><c> our</c>

00:44:51.270 --> 00:44:51.280 align:start position:0%
because as of the last time we had our
 

00:44:51.280 --> 00:44:53.589 align:start position:0%
because as of the last time we had our
60-minute<00:44:51.920><c> interview,</c><00:44:52.880><c> you</c><00:44:53.119><c> talked</c><00:44:53.280><c> to</c><00:44:53.440><c> me</c>

00:44:53.589 --> 00:44:53.599 align:start position:0%
60-minute interview, you talked to me
 

00:44:53.599 --> 00:44:56.150 align:start position:0%
60-minute interview, you talked to me
about<00:44:53.839><c> home</c><00:44:54.400><c> ownership</c>

00:44:56.150 --> 00:44:56.160 align:start position:0%
about home ownership
 

00:44:56.160 --> 00:44:57.910 align:start position:0%
about home ownership
and<00:44:56.400><c> you</c><00:44:56.560><c> asked</c><00:44:56.800><c> me</c><00:44:56.960><c> whether</c><00:44:57.359><c> everyone</c><00:44:57.680><c> should</c>

00:44:57.910 --> 00:44:57.920 align:start position:0%
and you asked me whether everyone should
 

00:44:57.920 --> 00:45:00.870 align:start position:0%
and you asked me whether everyone should
own<00:44:58.160><c> a</c><00:44:58.319><c> home</c><00:44:59.520><c> and</c><00:44:59.680><c> I</c><00:44:59.920><c> told</c><00:45:00.000><c> you</c><00:45:00.240><c> no,</c><00:45:00.560><c> it's</c><00:45:00.720><c> too</c>

00:45:00.870 --> 00:45:00.880 align:start position:0%
own a home and I told you no, it's too
 

00:45:00.880 --> 00:45:02.550 align:start position:0%
own a home and I told you no, it's too
risky.

00:45:02.550 --> 00:45:02.560 align:start position:0%
risky.
 

00:45:02.560 --> 00:45:05.190 align:start position:0%
risky.
So<00:45:02.800><c> the</c><00:45:03.040><c> financial</c><00:45:03.520><c> collapse</c><00:45:03.920><c> of</c><00:45:04.240><c> 2008</c><00:45:04.880><c> is</c>

00:45:05.190 --> 00:45:05.200 align:start position:0%
So the financial collapse of 2008 is
 

00:45:05.200 --> 00:45:07.349 align:start position:0%
So the financial collapse of 2008 is
because<00:45:05.520><c> of</c><00:45:05.839><c> hardworking</c>

00:45:07.349 --> 00:45:07.359 align:start position:0%
because of hardworking
 

00:45:07.359 --> 00:45:09.190 align:start position:0%
because of hardworking
African-Americans,<00:45:08.400><c> Hispanics,</c><00:45:08.960><c> and</c><00:45:09.200><c> and</c>

00:45:09.190 --> 00:45:09.200 align:start position:0%
African-Americans, Hispanics, and and
 

00:45:09.200 --> 00:45:12.309 align:start position:0%
African-Americans, Hispanics, and and
and<00:45:09.520><c> and</c><00:45:10.079><c> whites</c><00:45:10.960><c> who</c><00:45:11.440><c> wanted</c><00:45:11.760><c> to</c><00:45:11.920><c> have</c><00:45:12.079><c> a</c>

00:45:12.309 --> 00:45:12.319 align:start position:0%
and and whites who wanted to have a
 

00:45:12.319 --> 00:45:15.430 align:start position:0%
and and whites who wanted to have a
piece<00:45:12.720><c> have</c><00:45:12.880><c> a</c><00:45:13.440><c> ownership</c><00:45:13.920><c> stake</c><00:45:14.240><c> in</c><00:45:14.480><c> in</c><00:45:15.119><c> in</c>

00:45:15.430 --> 00:45:15.440 align:start position:0%
piece have a ownership stake in in in
 

00:45:15.440 --> 00:45:17.109 align:start position:0%
piece have a ownership stake in in in
the<00:45:15.680><c> society</c><00:45:16.000><c> that</c><00:45:16.240><c> all</c><00:45:16.400><c> rest</c><00:45:16.720><c> on</c><00:45:16.880><c> their</c>

00:45:17.109 --> 00:45:17.119 align:start position:0%
the society that all rest on their
 

00:45:17.119 --> 00:45:19.829 align:start position:0%
the society that all rest on their
shoulders.<00:45:18.160><c> They're</c><00:45:18.400><c> the</c><00:45:18.640><c> culprits.</c>

00:45:19.829 --> 00:45:19.839 align:start position:0%
shoulders. They're the culprits.
 

00:45:19.839 --> 00:45:21.430 align:start position:0%
shoulders. They're the culprits.
&gt;&gt; No,<00:45:20.240><c> not</c><00:45:20.400><c> at</c><00:45:20.560><c> all.</c>

00:45:21.430 --> 00:45:21.440 align:start position:0%
&gt;&gt; No, not at all.
 

00:45:21.440 --> 00:45:22.069 align:start position:0%
&gt;&gt; No, not at all.
&gt;&gt; Okay.<00:45:21.680><c> Then</c>

00:45:22.069 --> 00:45:22.079 align:start position:0%
&gt;&gt; Okay. Then
 

00:45:22.079 --> 00:45:23.430 align:start position:0%
&gt;&gt; Okay. Then
&gt;&gt; I<00:45:22.240><c> I</c><00:45:22.400><c> didn't</c><00:45:22.480><c> say</c><00:45:22.640><c> they</c><00:45:22.800><c> were</c><00:45:22.880><c> the</c><00:45:22.960><c> culprit.</c><00:45:23.280><c> I</c>

00:45:23.430 --> 00:45:23.440 align:start position:0%
&gt;&gt; I I didn't say they were the culprit. I
 

00:45:23.440 --> 00:45:25.670 align:start position:0%
&gt;&gt; I I didn't say they were the culprit. I
I<00:45:23.599><c> was</c><00:45:23.839><c> pretty</c><00:45:24.079><c> clear</c><00:45:24.240><c> it</c><00:45:24.400><c> was</c><00:45:24.480><c> Bill</c><00:45:24.720><c> Clinton.</c>

00:45:25.670 --> 00:45:25.680 align:start position:0%
I was pretty clear it was Bill Clinton.
 

00:45:25.680 --> 00:45:26.230 align:start position:0%
I was pretty clear it was Bill Clinton.
&gt;&gt; Okay.

00:45:26.230 --> 00:45:26.240 align:start position:0%
&gt;&gt; Okay.
 

00:45:26.240 --> 00:45:28.870 align:start position:0%
&gt;&gt; Okay.
&gt;&gt; Why<00:45:26.480><c> was</c><00:45:26.640><c> it</c><00:45:26.800><c> Bill</c><00:45:27.040><c> Clinton?</c><00:45:28.319><c> Because</c><00:45:28.640><c> Bill</c>

00:45:28.870 --> 00:45:28.880 align:start position:0%
&gt;&gt; Why was it Bill Clinton? Because Bill
 

00:45:28.880 --> 00:45:30.950 align:start position:0%
&gt;&gt; Why was it Bill Clinton? Because Bill
Clinton<00:45:29.200><c> wanted</c><00:45:29.440><c> to</c><00:45:29.599><c> get</c><00:45:29.760><c> votes</c><00:45:30.400><c> from</c><00:45:30.640><c> those</c>

00:45:30.950 --> 00:45:30.960 align:start position:0%
Clinton wanted to get votes from those
 

00:45:30.960 --> 00:45:32.069 align:start position:0%
Clinton wanted to get votes from those
people.

00:45:32.069 --> 00:45:32.079 align:start position:0%
people.
 

00:45:32.079 --> 00:45:35.190 align:start position:0%
people.
and<00:45:32.319><c> he</c><00:45:32.720><c> sold</c><00:45:33.040><c> them</c><00:45:33.359><c> the</c><00:45:33.680><c> idea</c>

00:45:35.190 --> 00:45:35.200 align:start position:0%
and he sold them the idea
 

00:45:35.200 --> 00:45:38.390 align:start position:0%
and he sold them the idea
that<00:45:35.440><c> instead</c><00:45:35.760><c> of</c><00:45:36.000><c> renting</c><00:45:36.400><c> in</c><00:45:36.560><c> a</c><00:45:36.880><c> house</c><00:45:38.000><c> and</c>

00:45:38.390 --> 00:45:38.400 align:start position:0%
that instead of renting in a house and
 

00:45:38.400 --> 00:45:40.630 align:start position:0%
that instead of renting in a house and
historically<00:45:39.040><c> the</c><00:45:39.280><c> values</c><00:45:39.599><c> of</c><00:45:39.839><c> houses</c><00:45:40.240><c> had</c>

00:45:40.630 --> 00:45:40.640 align:start position:0%
historically the values of houses had
 

00:45:40.640 --> 00:45:43.589 align:start position:0%
historically the values of houses had
gone<00:45:40.880><c> up</c><00:45:41.040><c> and</c><00:45:41.200><c> he</c><00:45:41.359><c> said,</c><00:45:41.599><c> "You</c><00:45:42.000><c> guys</c><00:45:43.040><c> in</c><00:45:43.280><c> these</c>

00:45:43.589 --> 00:45:43.599 align:start position:0%
gone up and he said, "You guys in these
 

00:45:43.599 --> 00:45:45.190 align:start position:0%
gone up and he said, "You guys in these
local<00:45:43.920><c> communities</c><00:45:44.400><c> who</c><00:45:44.640><c> haven't</c><00:45:44.880><c> been</c><00:45:45.040><c> able</c>

00:45:45.190 --> 00:45:45.200 align:start position:0%
local communities who haven't been able
 

00:45:45.200 --> 00:45:47.990 align:start position:0%
local communities who haven't been able
to<00:45:45.359><c> afford</c><00:45:45.680><c> a</c><00:45:45.920><c> house</c><00:45:46.160><c> before,</c>

00:45:47.990 --> 00:45:48.000 align:start position:0%
to afford a house before,
 

00:45:48.000 --> 00:45:49.910 align:start position:0%
to afford a house before,
I'm<00:45:48.319><c> going</c><00:45:48.400><c> to</c><00:45:48.560><c> show</c><00:45:48.720><c> you</c><00:45:48.960><c> a</c><00:45:49.119><c> way.</c><00:45:49.520><c> I'm</c><00:45:49.839><c> going</c>

00:45:49.910 --> 00:45:49.920 align:start position:0%
I'm going to show you a way. I'm going
 

00:45:49.920 --> 00:45:53.030 align:start position:0%
I'm going to show you a way. I'm going
to<00:45:50.079><c> give</c><00:45:50.240><c> you</c><00:45:50.400><c> a</c><00:45:50.640><c> way</c><00:45:51.599><c> because</c><00:45:52.319><c> I'm</c><00:45:52.640><c> sure</c><00:45:52.800><c> you</c>

00:45:53.030 --> 00:45:53.040 align:start position:0%
to give you a way because I'm sure you
 

00:45:53.040 --> 00:45:55.270 align:start position:0%
to give you a way because I'm sure you
I'll<00:45:53.359><c> get</c><00:45:53.520><c> your</c><00:45:53.760><c> vote</c>

00:45:55.270 --> 00:45:55.280 align:start position:0%
I'll get your vote
 

00:45:55.280 --> 00:45:58.950 align:start position:0%
I'll get your vote
that<00:45:55.599><c> you</c><00:45:55.760><c> can</c><00:45:55.920><c> own</c><00:45:56.160><c> a</c><00:45:56.319><c> house</c><00:45:57.440><c> because</c><00:45:58.319><c> I</c><00:45:58.640><c> want</c>

00:45:58.950 --> 00:45:58.960 align:start position:0%
that you can own a house because I want
 

00:45:58.960 --> 00:46:01.829 align:start position:0%
that you can own a house because I want
your<00:45:59.280><c> vote."</c><00:46:00.720><c> So,</c><00:46:00.960><c> what</c><00:46:01.200><c> we're</c><00:46:01.440><c> going</c><00:46:01.520><c> to</c><00:46:01.680><c> do</c>

00:46:01.829 --> 00:46:01.839 align:start position:0%
your vote." So, what we're going to do
 

00:46:01.839 --> 00:46:04.710 align:start position:0%
your vote." So, what we're going to do
is<00:46:02.160><c> I'm</c><00:46:02.400><c> going</c><00:46:02.480><c> to</c><00:46:02.560><c> let</c><00:46:02.720><c> you</c><00:46:02.960><c> buy</c><00:46:03.119><c> a</c><00:46:03.359><c> house,</c><00:46:04.480><c> Mr.</c>

00:46:04.710 --> 00:46:04.720 align:start position:0%
is I'm going to let you buy a house, Mr.
 

00:46:04.720 --> 00:46:08.550 align:start position:0%
is I'm going to let you buy a house, Mr.
Bannon,<00:46:05.200><c> when</c><00:46:05.520><c> you</c><00:46:05.680><c> really</c><00:46:07.119><c> you</c><00:46:07.839><c> you're</c><00:46:08.319><c> right</c>

00:46:08.550 --> 00:46:08.560 align:start position:0%
Bannon, when you really you you're right
 

00:46:08.560 --> 00:46:10.950 align:start position:0%
Bannon, when you really you you're right
on<00:46:08.720><c> the</c><00:46:08.880><c> border,</c><00:46:09.280><c> maybe</c><00:46:09.440><c> or</c><00:46:09.680><c> not</c><00:46:09.920><c> even</c><00:46:10.560><c> on</c><00:46:10.800><c> the</c>

00:46:10.950 --> 00:46:10.960 align:start position:0%
on the border, maybe or not even on the
 

00:46:10.960 --> 00:46:14.710 align:start position:0%
on the border, maybe or not even on the
border.<00:46:11.920><c> You</c><00:46:12.160><c> your</c><00:46:12.560><c> credit</c><00:46:13.119><c> is</c><00:46:13.440><c> not</c><00:46:13.839><c> good.</c>

00:46:14.710 --> 00:46:14.720 align:start position:0%
border. You your credit is not good.
 

00:46:14.720 --> 00:46:17.430 align:start position:0%
border. You your credit is not good.
Okay,<00:46:15.040><c> let's</c><00:46:15.359><c> let's</c><00:46:15.680><c> be</c><00:46:15.839><c> honest.</c><00:46:16.960><c> And</c><00:46:17.119><c> it's</c>

00:46:17.430 --> 00:46:17.440 align:start position:0%
Okay, let's let's be honest. And it's
 

00:46:17.440 --> 00:46:19.589 align:start position:0%
Okay, let's let's be honest. And it's
not<00:46:17.599><c> my</c><00:46:17.760><c> fault</c><00:46:18.000><c> or</c><00:46:18.160><c> it's</c><00:46:18.400><c> not</c><00:46:18.880><c> Bill</c><00:46:19.119><c> Clinton's</c>

00:46:19.589 --> 00:46:19.599 align:start position:0%
not my fault or it's not Bill Clinton's
 

00:46:19.599 --> 00:46:21.910 align:start position:0%
not my fault or it's not Bill Clinton's
fault,<00:46:20.000><c> but</c><00:46:20.400><c> whatever</c><00:46:20.880><c> happens</c><00:46:21.599><c> at</c><00:46:21.760><c> the</c>

00:46:21.910 --> 00:46:21.920 align:start position:0%
fault, but whatever happens at the
 

00:46:21.920 --> 00:46:23.990 align:start position:0%
fault, but whatever happens at the
moment,<00:46:22.240><c> your</c><00:46:22.640><c> credit</c><00:46:23.119><c> score</c><00:46:23.520><c> or</c><00:46:23.680><c> whatever</c><00:46:23.920><c> it</c>

00:46:23.990 --> 00:46:24.000 align:start position:0%
moment, your credit score or whatever it
 

00:46:24.000 --> 00:46:27.349 align:start position:0%
moment, your credit score or whatever it
is,<00:46:24.240><c> your</c><00:46:24.400><c> credit's</c><00:46:24.880><c> not</c><00:46:25.119><c> good.</c>

00:46:27.349 --> 00:46:27.359 align:start position:0%
is, your credit's not good.
 

00:46:27.359 --> 00:46:30.150 align:start position:0%
is, your credit's not good.
Now,<00:46:27.680><c> normally</c><00:46:29.040><c> you</c><00:46:29.280><c> come</c><00:46:29.440><c> to</c><00:46:29.599><c> me</c><00:46:29.760><c> and</c><00:46:30.000><c> you're</c>

00:46:30.150 --> 00:46:30.160 align:start position:0%
Now, normally you come to me and you're
 

00:46:30.160 --> 00:46:34.550 align:start position:0%
Now, normally you come to me and you're
a<00:46:31.520><c> want</c><00:46:31.760><c> to</c><00:46:31.920><c> borrow</c><00:46:32.240><c> money.</c><00:46:32.480><c> I'm</c><00:46:32.640><c> a</c><00:46:32.880><c> bank</c>

00:46:34.550 --> 00:46:34.560 align:start position:0%
a want to borrow money. I'm a bank
 

00:46:34.560 --> 00:46:36.790 align:start position:0%
a want to borrow money. I'm a bank
and<00:46:34.800><c> I</c><00:46:34.960><c> say,</c><00:46:35.119><c> "I'm</c><00:46:35.359><c> sorry,</c><00:46:35.599><c> Mr.</c><00:46:35.920><c> Bannon.</c><00:46:36.560><c> I</c>

00:46:36.790 --> 00:46:36.800 align:start position:0%
and I say, "I'm sorry, Mr. Bannon. I
 

00:46:36.800 --> 00:46:39.190 align:start position:0%
and I say, "I'm sorry, Mr. Bannon. I
can't<00:46:37.040><c> lend</c><00:46:37.359><c> you</c><00:46:37.599><c> money</c>

00:46:39.190 --> 00:46:39.200 align:start position:0%
can't lend you money
 

00:46:39.200 --> 00:46:42.550 align:start position:0%
can't lend you money
because<00:46:39.520><c> your</c><00:46:39.760><c> credit</c><00:46:40.400><c> score</c><00:46:41.040><c> is</c><00:46:41.280><c> not</c><00:46:41.520><c> up</c><00:46:41.680><c> to</c>

00:46:42.550 --> 00:46:42.560 align:start position:0%
because your credit score is not up to
 

00:46:42.560 --> 00:46:44.870 align:start position:0%
because your credit score is not up to
where<00:46:42.800><c> it</c><00:46:42.960><c> needs</c><00:46:43.200><c> to</c><00:46:43.359><c> be.</c><00:46:44.240><c> Hopefully,</c><00:46:44.640><c> if</c><00:46:44.800><c> you</c>

00:46:44.870 --> 00:46:44.880 align:start position:0%
where it needs to be. Hopefully, if you
 

00:46:44.880 --> 00:46:46.390 align:start position:0%
where it needs to be. Hopefully, if you
work<00:46:45.040><c> harder</c><00:46:45.359><c> and</c><00:46:45.520><c> clean</c><00:46:45.680><c> up</c><00:46:45.839><c> some</c><00:46:46.079><c> of</c><00:46:46.160><c> your</c>

00:46:46.390 --> 00:46:46.400 align:start position:0%
work harder and clean up some of your
 

00:46:46.400 --> 00:46:50.630 align:start position:0%
work harder and clean up some of your
problems,<00:46:47.200><c> it</c><00:46:47.440><c> will</c><00:46:47.599><c> be."</c>

00:46:50.630 --> 00:46:50.640 align:start position:0%
 
 

00:46:50.640 --> 00:46:53.349 align:start position:0%
 
But<00:46:50.800><c> no,</c><00:46:51.119><c> what</c><00:46:51.280><c> I</c><00:46:51.440><c> say</c><00:46:51.520><c> to</c><00:46:51.760><c> you</c><00:46:52.240><c> is</c><00:46:52.960><c> I'm</c><00:46:53.200><c> going</c>

00:46:53.349 --> 00:46:53.359 align:start position:0%
But no, what I say to you is I'm going
 

00:46:53.359 --> 00:46:55.589 align:start position:0%
But no, what I say to you is I'm going
to<00:46:53.520><c> figure</c><00:46:53.760><c> out</c><00:46:53.920><c> a</c><00:46:54.079><c> way</c><00:46:54.240><c> to</c><00:46:54.560><c> lend</c><00:46:54.880><c> you.</c><00:46:55.359><c> lend</c>

00:46:55.589 --> 00:46:55.599 align:start position:0%
to figure out a way to lend you. lend
 

00:46:55.599 --> 00:46:57.589 align:start position:0%
to figure out a way to lend you. lend
you,<00:46:55.839><c> not</c><00:46:56.079><c> give</c><00:46:56.240><c> you.</c><00:46:56.640><c> I'm</c><00:46:56.880><c> gonna</c><00:46:57.119><c> lend</c><00:46:57.359><c> you</c>

00:46:57.589 --> 00:46:57.599 align:start position:0%
you, not give you. I'm gonna lend you
 

00:46:57.599 --> 00:46:59.750 align:start position:0%
you, not give you. I'm gonna lend you
money<00:46:57.839><c> anyway,</c><00:46:58.880><c> though</c><00:46:59.119><c> you</c><00:46:59.280><c> don't</c><00:46:59.440><c> have</c><00:46:59.520><c> a</c>

00:46:59.750 --> 00:46:59.760 align:start position:0%
money anyway, though you don't have a
 

00:46:59.760 --> 00:47:02.150 align:start position:0%
money anyway, though you don't have a
good<00:46:59.920><c> credit</c><00:47:00.240><c> score.</c>

00:47:02.150 --> 00:47:02.160 align:start position:0%
good credit score.
 

00:47:02.160 --> 00:47:05.109 align:start position:0%
good credit score.
And<00:47:02.560><c> don't</c><00:47:02.960><c> worry,</c><00:47:03.920><c> I'm</c><00:47:04.160><c> gonna</c><00:47:04.400><c> get</c><00:47:04.560><c> a</c><00:47:04.800><c> rid</c><00:47:04.960><c> of</c>

00:47:05.109 --> 00:47:05.119 align:start position:0%
And don't worry, I'm gonna get a rid of
 

00:47:05.119 --> 00:47:08.069 align:start position:0%
And don't worry, I'm gonna get a rid of
the<00:47:05.359><c> term</c><00:47:06.480><c> that</c><00:47:06.800><c> you</c><00:47:07.040><c> don't</c><00:47:07.200><c> have</c><00:47:07.359><c> bad</c><00:47:07.680><c> credit.</c>

00:47:08.069 --> 00:47:08.079 align:start position:0%
the term that you don't have bad credit.
 

00:47:08.079 --> 00:47:10.790 align:start position:0%
the term that you don't have bad credit.
Bad<00:47:08.400><c> credit</c><00:47:09.119><c> sounds</c><00:47:09.599><c> projorative.</c><00:47:10.480><c> You</c><00:47:10.720><c> don't</c>

00:47:10.790 --> 00:47:10.800 align:start position:0%
Bad credit sounds projorative. You don't
 

00:47:10.800 --> 00:47:11.750 align:start position:0%
Bad credit sounds projorative. You don't
want<00:47:10.880><c> to</c><00:47:11.040><c> be</c><00:47:11.119><c> a</c><00:47:11.280><c> person.</c>

00:47:11.750 --> 00:47:11.760 align:start position:0%
want to be a person.
 

00:47:11.760 --> 00:47:12.870 align:start position:0%
want to be a person.
&gt;&gt; Sounds<00:47:12.079><c> judgmental.</c>

00:47:12.870 --> 00:47:12.880 align:start position:0%
&gt;&gt; Sounds judgmental.
 

00:47:12.880 --> 00:47:15.109 align:start position:0%
&gt;&gt; Sounds judgmental.
&gt;&gt; Yeah,<00:47:13.040><c> it</c><00:47:13.200><c> sounds</c><00:47:13.440><c> judgmental.</c>

00:47:15.109 --> 00:47:15.119 align:start position:0%
&gt;&gt; Yeah, it sounds judgmental.
 

00:47:15.119 --> 00:47:16.470 align:start position:0%
&gt;&gt; Yeah, it sounds judgmental.
So,<00:47:15.280><c> what</c><00:47:15.520><c> we're</c><00:47:15.680><c> going</c><00:47:15.839><c> to</c><00:47:15.920><c> do</c><00:47:16.079><c> is</c><00:47:16.319><c> we're</c>

00:47:16.470 --> 00:47:16.480 align:start position:0%
So, what we're going to do is we're
 

00:47:16.480 --> 00:47:21.109 align:start position:0%
So, what we're going to do is we're
going<00:47:16.560><c> to</c><00:47:16.720><c> call</c><00:47:17.040><c> your</c><00:47:18.400><c> credit</c><00:47:18.880><c> situation</c>

00:47:21.109 --> 00:47:21.119 align:start position:0%
going to call your credit situation
 

00:47:21.119 --> 00:47:23.589 align:start position:0%
going to call your credit situation
subprime.

00:47:23.589 --> 00:47:23.599 align:start position:0%
subprime.
 

00:47:23.599 --> 00:47:27.109 align:start position:0%
subprime.
Oh,<00:47:24.240><c> nobody</c><00:47:24.640><c> knows</c><00:47:24.800><c> what</c><00:47:24.960><c> that</c><00:47:25.200><c> means.</c>

00:47:27.109 --> 00:47:27.119 align:start position:0%
Oh, nobody knows what that means.
 

00:47:27.119 --> 00:47:29.510 align:start position:0%
Oh, nobody knows what that means.
Subprime.

00:47:29.510 --> 00:47:29.520 align:start position:0%
Subprime.
 

00:47:29.520 --> 00:47:33.750 align:start position:0%
Subprime.
That<00:47:29.760><c> means</c><00:47:30.160><c> prime</c><00:47:30.960><c> is</c><00:47:31.440><c> good</c><00:47:31.760><c> credit.</c>

00:47:33.750 --> 00:47:33.760 align:start position:0%
That means prime is good credit.
 

00:47:33.760 --> 00:47:35.589 align:start position:0%
That means prime is good credit.
Subprime

00:47:35.589 --> 00:47:35.599 align:start position:0%
Subprime
 

00:47:35.599 --> 00:47:38.309 align:start position:0%
Subprime
is<00:47:35.920><c> not</c><00:47:36.240><c> good</c><00:47:36.480><c> credit.</c><00:47:37.440><c> Less</c><00:47:37.680><c> than</c><00:47:38.079><c> good</c>

00:47:38.309 --> 00:47:38.319 align:start position:0%
is not good credit. Less than good
 

00:47:38.319 --> 00:47:40.790 align:start position:0%
is not good credit. Less than good
credit.<00:47:39.359><c> So,</c><00:47:39.599><c> we'll</c><00:47:39.920><c> call</c><00:47:40.079><c> it</c><00:47:40.319><c> something</c><00:47:40.480><c> that</c>

00:47:40.790 --> 00:47:40.800 align:start position:0%
credit. So, we'll call it something that
 

00:47:40.800 --> 00:47:43.109 align:start position:0%
credit. So, we'll call it something that
people<00:47:41.040><c> really</c><00:47:41.440><c> won't</c><00:47:41.760><c> follow.</c><00:47:42.640><c> And</c><00:47:42.800><c> we'll</c>

00:47:43.109 --> 00:47:43.119 align:start position:0%
people really won't follow. And we'll
 

00:47:43.119 --> 00:47:45.270 align:start position:0%
people really won't follow. And we'll
tell<00:47:43.280><c> you</c><00:47:43.440><c> what,</c><00:47:44.400><c> we're</c><00:47:44.640><c> going</c><00:47:44.800><c> to</c><00:47:44.960><c> have</c>

00:47:45.270 --> 00:47:45.280 align:start position:0%
tell you what, we're going to have
 

00:47:45.280 --> 00:47:47.510 align:start position:0%
tell you what, we're going to have
people<00:47:45.680><c> lend</c><00:47:46.000><c> you</c><00:47:46.319><c> money</c><00:47:46.640><c> though</c><00:47:46.880><c> you</c><00:47:47.040><c> are</c><00:47:47.200><c> a</c>

00:47:47.510 --> 00:47:47.520 align:start position:0%
people lend you money though you are a
 

00:47:47.520 --> 00:47:50.230 align:start position:0%
people lend you money though you are a
subprime

00:47:50.230 --> 00:47:50.240 align:start position:0%
subprime
 

00:47:50.240 --> 00:47:52.230 align:start position:0%
subprime
borrower.

00:47:52.230 --> 00:47:52.240 align:start position:0%
borrower.
 

00:47:52.240 --> 00:47:54.309 align:start position:0%
borrower.
and<00:47:52.480><c> I</c>

00:47:54.309 --> 00:47:54.319 align:start position:0%
and I
 

00:47:54.319 --> 00:47:56.470 align:start position:0%
and I
will<00:47:54.640><c> figure</c><00:47:54.880><c> out</c><00:47:55.119><c> some</c><00:47:55.440><c> government</c><00:47:55.920><c> agencies</c>

00:47:56.470 --> 00:47:56.480 align:start position:0%
will figure out some government agencies
 

00:47:56.480 --> 00:47:58.630 align:start position:0%
will figure out some government agencies
to<00:47:56.880><c> guarantee</c><00:47:57.520><c> your</c><00:47:57.760><c> loan</c><00:47:58.160><c> though</c><00:47:58.400><c> I</c><00:47:58.560><c> don't</c>

00:47:58.630 --> 00:47:58.640 align:start position:0%
to guarantee your loan though I don't
 

00:47:58.640 --> 00:48:02.150 align:start position:0%
to guarantee your loan though I don't
think<00:47:58.800><c> you're</c><00:47:58.960><c> a</c><00:47:59.200><c> good</c><00:48:00.640><c> risk.</c>

00:48:02.150 --> 00:48:02.160 align:start position:0%
think you're a good risk.
 

00:48:02.160 --> 00:48:05.349 align:start position:0%
think you're a good risk.
So<00:48:02.400><c> the</c><00:48:02.640><c> banks</c><00:48:02.880><c> say</c><00:48:03.119><c> no</c><00:48:03.359><c> no</c><00:48:03.359><c> no</c><00:48:04.480><c> we</c><00:48:04.720><c> don't</c><00:48:05.040><c> want</c>

00:48:05.349 --> 00:48:05.359 align:start position:0%
So the banks say no no no we don't want
 

00:48:05.359 --> 00:48:08.950 align:start position:0%
So the banks say no no no we don't want
initially<00:48:06.560><c> the</c><00:48:06.800><c> bank</c><00:48:07.119><c> said</c><00:48:07.440><c> sorry</c><00:48:08.480><c> this</c><00:48:08.720><c> is</c>

00:48:08.950 --> 00:48:08.960 align:start position:0%
initially the bank said sorry this is
 

00:48:08.960 --> 00:48:13.270 align:start position:0%
initially the bank said sorry this is
too<00:48:09.280><c> risky</c><00:48:10.560><c> Mr.</c><00:48:10.880><c> president</c><00:48:11.440><c> for</c><00:48:11.680><c> us.</c>

00:48:13.270 --> 00:48:13.280 align:start position:0%
too risky Mr. president for us.
 

00:48:13.280 --> 00:48:15.190 align:start position:0%
too risky Mr. president for us.
We're<00:48:13.520><c> in</c><00:48:13.680><c> the</c><00:48:13.839><c> business</c><00:48:14.079><c> of</c><00:48:14.319><c> managing</c><00:48:14.720><c> risk.</c>

00:48:15.190 --> 00:48:15.200 align:start position:0%
We're in the business of managing risk.
 

00:48:15.200 --> 00:48:17.829 align:start position:0%
We're in the business of managing risk.
It's<00:48:15.359><c> not</c><00:48:15.520><c> our</c><00:48:15.760><c> money.</c><00:48:16.240><c> It's</c><00:48:16.400><c> the</c><00:48:16.640><c> hardworking</c>

00:48:17.829 --> 00:48:17.839 align:start position:0%
It's not our money. It's the hardworking
 

00:48:17.839 --> 00:48:21.030 align:start position:0%
It's not our money. It's the hardworking
people's<00:48:18.319><c> money</c><00:48:18.720><c> sitting</c><00:48:19.119><c> in</c><00:48:19.440><c> our</c><00:48:19.599><c> bank.</c><00:48:20.800><c> We</c>

00:48:21.030 --> 00:48:21.040 align:start position:0%
people's money sitting in our bank. We
 

00:48:21.040 --> 00:48:23.109 align:start position:0%
people's money sitting in our bank. We
can't<00:48:21.280><c> lend</c><00:48:21.599><c> to</c><00:48:21.760><c> people</c><00:48:22.000><c> whose</c><00:48:22.319><c> credit</c><00:48:22.640><c> is</c><00:48:22.880><c> not</c>

00:48:23.109 --> 00:48:23.119 align:start position:0%
can't lend to people whose credit is not
 

00:48:23.119 --> 00:48:24.950 align:start position:0%
can't lend to people whose credit is not
prime.<00:48:23.839><c> You're</c><00:48:24.079><c> asking</c><00:48:24.400><c> us</c><00:48:24.559><c> to</c><00:48:24.640><c> lend</c><00:48:24.800><c> to</c>

00:48:24.950 --> 00:48:24.960 align:start position:0%
prime. You're asking us to lend to
 

00:48:24.960 --> 00:48:27.430 align:start position:0%
prime. You're asking us to lend to
people<00:48:25.119><c> who</c><00:48:25.280><c> are</c><00:48:25.520><c> subprime.</c>

00:48:27.430 --> 00:48:27.440 align:start position:0%
people who are subprime.
 

00:48:27.440 --> 00:48:30.630 align:start position:0%
people who are subprime.
And<00:48:27.680><c> he</c><00:48:28.000><c> says,</c><00:48:28.400><c> here's</c><00:48:28.640><c> the</c><00:48:28.800><c> key.</c>

00:48:30.630 --> 00:48:30.640 align:start position:0%
And he says, here's the key.
 

00:48:30.640 --> 00:48:34.230 align:start position:0%
And he says, here's the key.
If<00:48:30.880><c> you</c><00:48:31.200><c> don't,</c><00:48:31.839><c> Mr.</c><00:48:32.240><c> Bannon,</c><00:48:33.599><c> I'm</c><00:48:33.920><c> going</c><00:48:34.079><c> to</c>

00:48:34.230 --> 00:48:34.240 align:start position:0%
If you don't, Mr. Bannon, I'm going to
 

00:48:34.240 --> 00:48:36.470 align:start position:0%
If you don't, Mr. Bannon, I'm going to
make<00:48:34.400><c> sure</c><00:48:34.559><c> the</c><00:48:34.800><c> Justice</c><00:48:35.200><c> Department</c><00:48:36.000><c> charges</c>

00:48:36.470 --> 00:48:36.480 align:start position:0%
make sure the Justice Department charges
 

00:48:36.480 --> 00:48:40.870 align:start position:0%
make sure the Justice Department charges
you<00:48:37.839><c> with</c><00:48:38.319><c> discriminatory</c><00:48:39.280><c> lending.</c>

00:48:40.870 --> 00:48:40.880 align:start position:0%
you with discriminatory lending.
 

00:48:40.880 --> 00:48:44.790 align:start position:0%
you with discriminatory lending.
because<00:48:41.280><c> you</c><00:48:41.680><c> refuse</c><00:48:42.319><c> to</c><00:48:42.559><c> lend</c><00:48:42.880><c> to</c><00:48:43.520><c> my</c>

00:48:44.790 --> 00:48:44.800 align:start position:0%
because you refuse to lend to my
 

00:48:44.800 --> 00:48:47.349 align:start position:0%
because you refuse to lend to my
subprimers.

00:48:47.349 --> 00:48:47.359 align:start position:0%
subprimers.
 

00:48:47.359 --> 00:48:49.349 align:start position:0%
subprimers.
In<00:48:47.680><c> business</c><00:48:48.000><c> terms,</c><00:48:48.400><c> you</c><00:48:48.559><c> should</c><00:48:48.720><c> never</c><00:48:49.040><c> lend</c>

00:48:49.349 --> 00:48:49.359 align:start position:0%
In business terms, you should never lend
 

00:48:49.359 --> 00:48:52.150 align:start position:0%
In business terms, you should never lend
to.<00:48:50.240><c> But</c><00:48:50.880><c> what</c><00:48:51.119><c> we'll</c><00:48:51.280><c> do</c><00:48:51.440><c> is</c><00:48:51.599><c> we're</c><00:48:51.760><c> going</c><00:48:51.920><c> to</c>

00:48:52.150 --> 00:48:52.160 align:start position:0%
to. But what we'll do is we're going to
 

00:48:52.160 --> 00:48:53.829 align:start position:0%
to. But what we'll do is we're going to
I'm<00:48:52.319><c> going</c><00:48:52.400><c> to</c><00:48:52.480><c> form</c><00:48:52.640><c> an</c><00:48:52.800><c> agency</c><00:48:53.200><c> called</c><00:48:53.440><c> Fanny</c>

00:48:53.829 --> 00:48:53.839 align:start position:0%
I'm going to form an agency called Fanny
 

00:48:53.839 --> 00:48:56.710 align:start position:0%
I'm going to form an agency called Fanny
May<00:48:54.000><c> and</c><00:48:54.160><c> Jinny</c><00:48:54.559><c> May.</c><00:48:55.520><c> Just</c><00:48:55.760><c> another</c><00:48:56.160><c> agency</c>

00:48:56.710 --> 00:48:56.720 align:start position:0%
May and Jinny May. Just another agency
 

00:48:56.720 --> 00:48:59.430 align:start position:0%
May and Jinny May. Just another agency
names.<00:48:57.440><c> They'll</c><00:48:57.839><c> guarantee</c><00:48:58.400><c> your</c><00:48:58.640><c> loan.</c><00:48:59.280><c> So</c>

00:48:59.430 --> 00:48:59.440 align:start position:0%
names. They'll guarantee your loan. So
 

00:48:59.440 --> 00:49:01.430 align:start position:0%
names. They'll guarantee your loan. So
don't<00:48:59.760><c> worry.</c>

00:49:01.430 --> 00:49:01.440 align:start position:0%
don't worry.
 

00:49:01.440 --> 00:49:03.750 align:start position:0%
don't worry.
Don't<00:49:01.760><c> worry.</c><00:49:02.400><c> You</c><00:49:02.559><c> don't</c><00:49:02.960><c> have</c><00:49:03.200><c> to</c><00:49:03.359><c> pay</c><00:49:03.520><c> it</c>

00:49:03.750 --> 00:49:03.760 align:start position:0%
Don't worry. You don't have to pay it
 

00:49:03.760 --> 00:49:05.990 align:start position:0%
Don't worry. You don't have to pay it
back<00:49:04.000><c> anymore.</c>

00:49:05.990 --> 00:49:06.000 align:start position:0%
back anymore.
 

00:49:06.000 --> 00:49:07.829 align:start position:0%
back anymore.
Even<00:49:06.240><c> though</c><00:49:06.400><c> you</c><00:49:06.800><c> and</c><00:49:07.119><c> maybe</c><00:49:07.359><c> you</c><00:49:07.520><c> don't</c><00:49:07.680><c> even</c>

00:49:07.829 --> 00:49:07.839 align:start position:0%
Even though you and maybe you don't even
 

00:49:07.839 --> 00:49:09.589 align:start position:0%
Even though you and maybe you don't even
have<00:49:07.920><c> to</c><00:49:08.000><c> work</c><00:49:08.160><c> as</c><00:49:08.319><c> hard</c><00:49:08.559><c> anymore.</c><00:49:09.359><c> It's</c>

00:49:09.589 --> 00:49:09.599 align:start position:0%
have to work as hard anymore. It's
 

00:49:09.599 --> 00:49:12.150 align:start position:0%
have to work as hard anymore. It's
that's<00:49:10.079><c> probably</c><00:49:10.319><c> a</c><00:49:10.480><c> harsh</c><00:49:10.720><c> statement,</c><00:49:11.040><c> but</c>

00:49:12.150 --> 00:49:12.160 align:start position:0%
that's probably a harsh statement, but
 

00:49:12.160 --> 00:49:15.030 align:start position:0%
that's probably a harsh statement, but
these<00:49:12.800><c> players,</c><00:49:13.280><c> these</c><00:49:13.520><c> two</c><00:49:13.760><c> big</c><00:49:14.240><c> firms,</c>

00:49:15.030 --> 00:49:15.040 align:start position:0%
these players, these two big firms,
 

00:49:15.040 --> 00:49:17.270 align:start position:0%
these players, these two big firms,
Fanny<00:49:15.440><c> M</c><00:49:15.920><c> will</c><00:49:16.160><c> guarantee</c><00:49:16.640><c> the</c><00:49:16.880><c> fact</c><00:49:17.040><c> that</c>

00:49:17.270 --> 00:49:17.280 align:start position:0%
Fanny M will guarantee the fact that
 

00:49:17.280 --> 00:49:21.589 align:start position:0%
Fanny M will guarantee the fact that
that<00:49:17.599><c> bank</c><00:49:18.880><c> will</c><00:49:19.200><c> receive</c><00:49:19.520><c> its</c><00:49:19.760><c> money.</c>

00:49:21.589 --> 00:49:21.599 align:start position:0%
that bank will receive its money.
 

00:49:21.599 --> 00:49:24.309 align:start position:0%
that bank will receive its money.
Now<00:49:21.839><c> the</c><00:49:22.000><c> bank</c><00:49:22.319><c> says,</c><00:49:22.559><c> "Wow,</c><00:49:23.599><c> best</c><00:49:23.920><c> deal</c><00:49:24.079><c> in</c>

00:49:24.309 --> 00:49:24.319 align:start position:0%
Now the bank says, "Wow, best deal in
 

00:49:24.319 --> 00:49:25.910 align:start position:0%
Now the bank says, "Wow, best deal in
history.

00:49:25.910 --> 00:49:25.920 align:start position:0%
history.
 

00:49:25.920 --> 00:49:28.790 align:start position:0%
history.
I<00:49:26.640><c> refuse</c><00:49:27.040><c> to</c><00:49:27.200><c> lend</c><00:49:27.520><c> to</c><00:49:27.680><c> Mr.</c><00:49:28.000><c> Bannon,</c><00:49:28.400><c> but</c><00:49:28.640><c> now</c>

00:49:28.790 --> 00:49:28.800 align:start position:0%
I refuse to lend to Mr. Bannon, but now
 

00:49:28.800 --> 00:49:30.950 align:start position:0%
I refuse to lend to Mr. Bannon, but now
he<00:49:29.040><c> has</c><00:49:29.119><c> the</c><00:49:29.359><c> big</c><00:49:29.520><c> brother</c><00:49:30.079><c> uncle,</c><00:49:30.400><c> his</c><00:49:30.640><c> uncle</c>

00:49:30.950 --> 00:49:30.960 align:start position:0%
he has the big brother uncle, his uncle
 

00:49:30.960 --> 00:49:33.190 align:start position:0%
he has the big brother uncle, his uncle
Sam."<00:49:31.839><c> He</c><00:49:32.000><c> went</c><00:49:32.160><c> to</c><00:49:32.319><c> his</c><00:49:32.480><c> uncle</c><00:49:32.800><c> Sam,</c><00:49:32.960><c> and</c>

00:49:33.190 --> 00:49:33.200 align:start position:0%
Sam." He went to his uncle Sam, and
 

00:49:33.200 --> 00:49:36.630 align:start position:0%
Sam." He went to his uncle Sam, and
Uncle<00:49:33.359><c> Sam</c><00:49:33.680><c> says,</c><00:49:34.079><c> "I'm</c><00:49:34.559><c> guaranteeing</c><00:49:35.119><c> it."</c>

00:49:36.630 --> 00:49:36.640 align:start position:0%
Uncle Sam says, "I'm guaranteeing it."
 

00:49:36.640 --> 00:49:39.270 align:start position:0%
Uncle Sam says, "I'm guaranteeing it."
The<00:49:36.800><c> bank</c><00:49:37.040><c> says,</c><00:49:37.839><c> "I</c><00:49:38.240><c> want</c><00:49:38.480><c> everybody.</c><00:49:39.040><c> Give</c>

00:49:39.270 --> 00:49:39.280 align:start position:0%
The bank says, "I want everybody. Give
 

00:49:39.280 --> 00:49:42.549 align:start position:0%
The bank says, "I want everybody. Give
me<00:49:39.440><c> as</c><00:49:39.680><c> many</c><00:49:39.920><c> people</c><00:49:40.160><c> as</c><00:49:40.400><c> you</c><00:49:40.640><c> can</c><00:49:41.119><c> give</c><00:49:41.359><c> me</c>

00:49:42.549 --> 00:49:42.559 align:start position:0%
me as many people as you can give me
 

00:49:42.559 --> 00:49:44.790 align:start position:0%
me as many people as you can give me
because<00:49:42.960><c> Uncle</c><00:49:43.280><c> Sam</c><00:49:43.599><c> is</c><00:49:43.760><c> the</c><00:49:43.920><c> best</c><00:49:44.160><c> credit</c><00:49:44.480><c> in</c>

00:49:44.790 --> 00:49:44.800 align:start position:0%
because Uncle Sam is the best credit in
 

00:49:44.800 --> 00:49:46.950 align:start position:0%
because Uncle Sam is the best credit in
the<00:49:45.040><c> the</c><00:49:45.280><c> world.</c><00:49:45.599><c> Not</c><00:49:45.760><c> only</c><00:49:46.160><c> it's</c><00:49:46.559><c> the</c><00:49:46.720><c> United</c>

00:49:46.950 --> 00:49:46.960 align:start position:0%
the the world. Not only it's the United
 

00:49:46.960 --> 00:49:49.349 align:start position:0%
the the world. Not only it's the United
States<00:49:47.200><c> government.</c><00:49:47.760><c> We'll</c><00:49:48.000><c> take</c><00:49:48.160><c> it</c><00:49:48.319><c> all.</c>

00:49:49.349 --> 00:49:49.359 align:start position:0%
States government. We'll take it all.
 

00:49:49.359 --> 00:49:53.829 align:start position:0%
States government. We'll take it all.
We'll<00:49:49.599><c> take</c><00:49:49.839><c> as</c><00:49:50.160><c> much</c><00:49:50.800><c> subprime</c>

00:49:53.829 --> 00:49:53.839 align:start position:0%
 
 

00:49:53.839 --> 00:49:56.790 align:start position:0%
 
as<00:49:54.079><c> we</c><00:49:54.240><c> can</c><00:49:54.400><c> handle</c><00:49:55.200><c> because</c><00:49:55.440><c> it's</c><00:49:55.760><c> the</c><00:49:55.920><c> best</c>

00:49:56.790 --> 00:49:56.800 align:start position:0%
as we can handle because it's the best
 

00:49:56.800 --> 00:49:58.630 align:start position:0%
as we can handle because it's the best
investment<00:49:57.520><c> for</c><00:49:57.760><c> the</c><00:49:57.920><c> moment.</c><00:49:58.240><c> It's</c><00:49:58.400><c> a</c>

00:49:58.630 --> 00:49:58.640 align:start position:0%
investment for the moment. It's a
 

00:49:58.640 --> 00:50:00.309 align:start position:0%
investment for the moment. It's a
strange<00:49:58.880><c> investment</c><00:49:59.359><c> because</c><00:49:59.680><c> it</c><00:50:00.000><c> has</c>

00:50:00.309 --> 00:50:00.319 align:start position:0%
strange investment because it has
 

00:50:00.319 --> 00:50:03.349 align:start position:0%
strange investment because it has
politics<00:50:01.200><c> that</c><00:50:01.520><c> has</c><00:50:02.079><c> inserted</c><00:50:02.640><c> its</c><00:50:02.880><c> way</c><00:50:03.040><c> into</c>

00:50:03.349 --> 00:50:03.359 align:start position:0%
politics that has inserted its way into
 

00:50:03.359 --> 00:50:05.430 align:start position:0%
politics that has inserted its way into
the<00:50:03.599><c> numbers.</c>

00:50:05.430 --> 00:50:05.440 align:start position:0%
the numbers.
 

00:50:05.440 --> 00:50:07.270 align:start position:0%
the numbers.
politics<00:50:05.920><c> doesn't</c><00:50:06.240><c> belong</c><00:50:06.480><c> in</c><00:50:06.720><c> the</c><00:50:06.800><c> in</c><00:50:07.040><c> the</c>

00:50:07.270 --> 00:50:07.280 align:start position:0%
politics doesn't belong in the in the
 

00:50:07.280 --> 00:50:10.309 align:start position:0%
politics doesn't belong in the in the
markets.<00:50:08.240><c> But</c><00:50:08.400><c> now</c><00:50:08.559><c> we're</c><00:50:08.880><c> going</c><00:50:09.040><c> to</c><00:50:09.200><c> have</c><00:50:10.000><c> I</c>

00:50:10.309 --> 00:50:10.319 align:start position:0%
markets. But now we're going to have I
 

00:50:10.319 --> 00:50:12.150 align:start position:0%
markets. But now we're going to have I
want<00:50:10.400><c> the</c><00:50:10.640><c> votes.</c><00:50:11.200><c> We'll</c><00:50:11.440><c> make</c><00:50:11.599><c> guarantees</c>

00:50:12.150 --> 00:50:12.160 align:start position:0%
want the votes. We'll make guarantees
 

00:50:12.160 --> 00:50:14.309 align:start position:0%
want the votes. We'll make guarantees
that<00:50:12.480><c> you</c><00:50:12.800><c> who</c><00:50:12.960><c> can't</c><00:50:13.200><c> get</c><00:50:13.280><c> a</c><00:50:13.520><c> house</c><00:50:13.680><c> normally</c>

00:50:14.309 --> 00:50:14.319 align:start position:0%
that you who can't get a house normally
 

00:50:14.319 --> 00:50:16.710 align:start position:0%
that you who can't get a house normally
will<00:50:14.640><c> be</c><00:50:14.880><c> able</c><00:50:14.960><c> to</c><00:50:15.119><c> get</c><00:50:15.200><c> a</c><00:50:15.440><c> house</c><00:50:16.240><c> from</c><00:50:16.559><c> the</c>

00:50:16.710 --> 00:50:16.720 align:start position:0%
will be able to get a house from the
 

00:50:16.720 --> 00:50:19.349 align:start position:0%
will be able to get a house from the
bank.<00:50:17.440><c> The</c><00:50:17.599><c> bank</c><00:50:17.839><c> says</c><00:50:18.559><c> this</c><00:50:18.720><c> is</c><00:50:18.880><c> the</c><00:50:19.119><c> best</c>

00:50:19.349 --> 00:50:19.359 align:start position:0%
bank. The bank says this is the best
 

00:50:19.359 --> 00:50:23.430 align:start position:0%
bank. The bank says this is the best
deal<00:50:19.599><c> in</c><00:50:19.839><c> history.</c><00:50:20.880><c> We</c><00:50:21.200><c> will</c><00:50:21.440><c> package</c>

00:50:23.430 --> 00:50:23.440 align:start position:0%
deal in history. We will package
 

00:50:23.440 --> 00:50:25.510 align:start position:0%
deal in history. We will package
a<00:50:23.599><c> hundred,</c><00:50:24.160><c> 300,</c><00:50:24.720><c> a</c><00:50:24.800><c> thousand</c><00:50:25.200><c> of</c><00:50:25.359><c> you</c>

00:50:25.510 --> 00:50:25.520 align:start position:0%
a hundred, 300, a thousand of you
 

00:50:25.520 --> 00:50:27.750 align:start position:0%
a hundred, 300, a thousand of you
subprimers<00:50:26.720><c> and</c><00:50:26.880><c> we'll</c><00:50:27.119><c> sell</c><00:50:27.280><c> it</c><00:50:27.440><c> off</c><00:50:27.599><c> to</c>

00:50:27.750 --> 00:50:27.760 align:start position:0%
subprimers and we'll sell it off to
 

00:50:27.760 --> 00:50:29.829 align:start position:0%
subprimers and we'll sell it off to
somebody<00:50:28.079><c> else</c><00:50:28.480><c> and</c><00:50:28.720><c> the</c><00:50:28.960><c> whole</c><00:50:29.119><c> system</c>

00:50:29.829 --> 00:50:29.839 align:start position:0%
somebody else and the whole system
 

00:50:29.839 --> 00:50:34.790 align:start position:0%
somebody else and the whole system
becomes<00:50:30.720><c> mired</c><00:50:32.160><c> in</c><00:50:32.800><c> subprime</c><00:50:33.599><c> mortgages.</c>

00:50:34.790 --> 00:50:34.800 align:start position:0%
becomes mired in subprime mortgages.
 

00:50:34.800 --> 00:50:36.870 align:start position:0%
becomes mired in subprime mortgages.
That's<00:50:36.000><c> becomes</c><00:50:36.400><c> the</c><00:50:36.559><c> the</c><00:50:36.640><c> issue.</c>

00:50:36.870 --> 00:50:36.880 align:start position:0%
That's becomes the the issue.
 

00:50:36.880 --> 00:50:39.270 align:start position:0%
That's becomes the the issue.
&gt;&gt; What<00:50:36.960><c> do</c><00:50:37.119><c> you</c><00:50:37.200><c> mean?</c>

00:50:39.270 --> 00:50:39.280 align:start position:0%
&gt;&gt; What do you mean?
 

00:50:39.280 --> 00:50:41.190 align:start position:0%
&gt;&gt; What do you mean?
&gt;&gt; This<00:50:39.440><c> is</c><00:50:39.599><c> too</c><00:50:39.760><c> much</c><00:50:39.920><c> supply.</c><00:50:40.480><c> It's</c><00:50:40.720><c> a</c><00:50:40.880><c> supply</c>

00:50:41.190 --> 00:50:41.200 align:start position:0%
&gt;&gt; This is too much supply. It's a supply
 

00:50:41.200 --> 00:50:43.190 align:start position:0%
&gt;&gt; This is too much supply. It's a supply
demand<00:50:41.599><c> problem.</c><00:50:42.000><c> You</c><00:50:42.160><c> got</c><00:50:42.240><c> too</c><00:50:42.400><c> much</c><00:50:42.559><c> supply.</c>

00:50:43.190 --> 00:50:43.200 align:start position:0%
demand problem. You got too much supply.
 

00:50:43.200 --> 00:50:46.470 align:start position:0%
demand problem. You got too much supply.
&gt;&gt; No,<00:50:43.520><c> it</c><00:50:44.160><c> it's</c><00:50:44.400><c> a</c><00:50:44.640><c> very</c><00:50:44.880><c> good</c><00:50:45.200><c> question.</c><00:50:46.319><c> What</c>

00:50:46.470 --> 00:50:46.480 align:start position:0%
&gt;&gt; No, it it's a very good question. What
 

00:50:46.480 --> 00:50:49.589 align:start position:0%
&gt;&gt; No, it it's a very good question. What
does<00:50:46.720><c> too</c><00:50:46.960><c> much</c><00:50:47.200><c> supply</c><00:50:47.680><c> mean?</c><00:50:48.720><c> Well,</c><00:50:49.359><c> then</c>

00:50:49.589 --> 00:50:49.599 align:start position:0%
does too much supply mean? Well, then
 

00:50:49.599 --> 00:50:51.910 align:start position:0%
does too much supply mean? Well, then
you<00:50:49.760><c> get</c><00:50:49.839><c> the</c><00:50:50.079><c> people</c><00:50:50.400><c> go</c><00:50:50.559><c> back</c><00:50:50.720><c> to</c><00:50:50.880><c> your</c><00:50:51.200><c> first</c>

00:50:51.910 --> 00:50:51.920 align:start position:0%
you get the people go back to your first
 

00:50:51.920 --> 00:50:54.870 align:start position:0%
you get the people go back to your first
question<00:50:52.319><c> to</c><00:50:52.559><c> me.</c>

00:50:54.870 --> 00:50:54.880 align:start position:0%
question to me.
 

00:50:54.880 --> 00:50:57.190 align:start position:0%
question to me.
Government<00:50:55.359><c> leaders,</c>

00:50:57.190 --> 00:50:57.200 align:start position:0%
Government leaders,
 

00:50:57.200 --> 00:51:01.589 align:start position:0%
Government leaders,
government<00:50:57.680><c> leaders</c><00:50:58.480><c> know</c><00:50:59.040><c> if</c><00:50:59.359><c> they're</c><00:50:59.599><c> good</c>

00:51:01.589 --> 00:51:01.599 align:start position:0%
government leaders know if they're good
 

00:51:01.599 --> 00:51:04.069 align:start position:0%
government leaders know if they're good
if<00:51:01.839><c> and</c><00:51:02.079><c> they</c><00:51:02.240><c> can</c><00:51:02.400><c> do</c><00:51:02.559><c> mathematics,</c><00:51:03.359><c> they</c><00:51:03.599><c> can</c>

00:51:04.069 --> 00:51:04.079 align:start position:0%
if and they can do mathematics, they can
 

00:51:04.079 --> 00:51:06.710 align:start position:0%
if and they can do mathematics, they can
balance<00:51:04.480><c> their</c><00:51:04.720><c> checkbooks.</c><00:51:06.000><c> So</c><00:51:06.319><c> certain</c>

00:51:06.710 --> 00:51:06.720 align:start position:0%
balance their checkbooks. So certain
 

00:51:06.720 --> 00:51:09.030 align:start position:0%
balance their checkbooks. So certain
people<00:51:06.880><c> in</c><00:51:07.200><c> Congress</c><00:51:08.240><c> said,</c><00:51:08.400><c> "Well,</c><00:51:08.720><c> how</c><00:51:08.880><c> do</c>

00:51:09.030 --> 00:51:09.040 align:start position:0%
people in Congress said, "Well, how do
 

00:51:09.040 --> 00:51:13.190 align:start position:0%
people in Congress said, "Well, how do
you<00:51:09.280><c> value</c><00:51:09.760><c> these</c><00:51:10.160><c> subprime</c><00:51:11.200><c> mortgages?"</c>

00:51:13.190 --> 00:51:13.200 align:start position:0%
you value these subprime mortgages?"
 

00:51:13.200 --> 00:51:15.109 align:start position:0%
you value these subprime mortgages?"
The<00:51:13.359><c> banks</c><00:51:13.599><c> say</c><00:51:13.839><c> we've</c><00:51:14.079><c> we've</c><00:51:14.400><c> been</c><00:51:14.559><c> valuing</c>

00:51:15.109 --> 00:51:15.119 align:start position:0%
The banks say we've we've been valuing
 

00:51:15.119 --> 00:51:17.589 align:start position:0%
The banks say we've we've been valuing
them<00:51:15.359><c> the</c><00:51:15.599><c> same</c><00:51:15.839><c> way</c><00:51:16.640><c> we've</c><00:51:16.960><c> always</c><00:51:17.200><c> valued</c>

00:51:17.589 --> 00:51:17.599 align:start position:0%
them the same way we've always valued
 

00:51:17.599 --> 00:51:20.950 align:start position:0%
them the same way we've always valued
them<00:51:18.240><c> for</c><00:51:18.480><c> the</c><00:51:18.720><c> past</c><00:51:19.040><c> 20</c><00:51:19.359><c> years.</c><00:51:20.640><c> The</c>

00:51:20.950 --> 00:51:20.960 align:start position:0%
them for the past 20 years. The
 

00:51:20.960 --> 00:51:22.790 align:start position:0%
them for the past 20 years. The
accounting<00:51:21.359><c> firms,</c><00:51:22.160><c> there's</c><00:51:22.400><c> something</c><00:51:22.640><c> in</c>

00:51:22.790 --> 00:51:22.800 align:start position:0%
accounting firms, there's something in
 

00:51:22.800 --> 00:51:24.710 align:start position:0%
accounting firms, there's something in
in<00:51:23.040><c> this</c><00:51:23.200><c> country</c><00:51:23.440><c> called</c><00:51:23.760><c> GAAP</c><00:51:24.240><c> accounting,</c>

00:51:24.710 --> 00:51:24.720 align:start position:0%
in this country called GAAP accounting,
 

00:51:24.720 --> 00:51:26.390 align:start position:0%
in this country called GAAP accounting,
which<00:51:24.880><c> is</c><00:51:25.040><c> a</c><00:51:25.359><c> a</c><00:51:25.599><c> standard</c><00:51:26.079><c> type</c><00:51:26.240><c> of</c>

00:51:26.390 --> 00:51:26.400 align:start position:0%
which is a a standard type of
 

00:51:26.400 --> 00:51:29.349 align:start position:0%
which is a a standard type of
accounting.

00:51:29.349 --> 00:51:29.359 align:start position:0%
accounting.
 

00:51:29.359 --> 00:51:30.870 align:start position:0%
accounting.
And<00:51:29.599><c> we</c><00:51:29.839><c> account</c><00:51:30.079><c> for</c><00:51:30.240><c> them</c><00:51:30.480><c> the</c><00:51:30.640><c> same</c><00:51:30.720><c> way</c>

00:51:30.870 --> 00:51:30.880 align:start position:0%
And we account for them the same way
 

00:51:30.880 --> 00:51:33.270 align:start position:0%
And we account for them the same way
we've<00:51:31.200><c> always</c><00:51:31.359><c> accounted</c><00:51:31.760><c> for</c><00:51:31.920><c> them.</c><00:51:32.480><c> If</c><00:51:32.880><c> we</c>

00:51:33.270 --> 00:51:33.280 align:start position:0%
we've always accounted for them. If we
 

00:51:33.280 --> 00:51:34.790 align:start position:0%
we've always accounted for them. If we
paid

00:51:34.790 --> 00:51:34.800 align:start position:0%
paid
 

00:51:34.800 --> 00:51:39.750 align:start position:0%
paid
$1,000<00:51:35.839><c> for</c><00:51:36.079><c> your</c><00:51:36.720><c> mortgage</c>

00:51:39.750 --> 00:51:39.760 align:start position:0%
 
 

00:51:39.760 --> 00:51:41.990 align:start position:0%
 
last<00:51:40.160><c> night,</c>

00:51:41.990 --> 00:51:42.000 align:start position:0%
last night,
 

00:51:42.000 --> 00:51:44.150 align:start position:0%
last night,
when<00:51:42.240><c> we</c><00:51:42.800><c> put</c><00:51:42.960><c> it</c><00:51:43.119><c> on</c><00:51:43.280><c> our</c><00:51:43.440><c> books</c><00:51:43.680><c> today,</c><00:51:43.920><c> we're</c>

00:51:44.150 --> 00:51:44.160 align:start position:0%
when we put it on our books today, we're
 

00:51:44.160 --> 00:51:47.670 align:start position:0%
when we put it on our books today, we're
going<00:51:44.240><c> to</c><00:51:44.400><c> say</c><00:51:44.559><c> its</c><00:51:44.720><c> value</c><00:51:44.880><c> is</c><00:51:45.119><c> $1,000.</c>

00:51:47.670 --> 00:51:47.680 align:start position:0%
going to say its value is $1,000.
 

00:51:47.680 --> 00:51:49.990 align:start position:0%
going to say its value is $1,000.
Makes<00:51:47.920><c> sense.</c><00:51:48.319><c> I</c><00:51:48.559><c> paid</c><00:51:48.800><c> for</c><00:51:48.880><c> it.</c><00:51:49.359><c> What's</c><00:51:49.599><c> its</c>

00:51:49.990 --> 00:51:50.000 align:start position:0%
Makes sense. I paid for it. What's its
 

00:51:50.000 --> 00:51:51.750 align:start position:0%
Makes sense. I paid for it. What's its
value?

00:51:51.750 --> 00:51:51.760 align:start position:0%
value?
 

00:51:51.760 --> 00:51:53.670 align:start position:0%
value?
It's<00:51:52.000><c> $1,000.</c><00:51:52.800><c> That's</c><00:51:52.960><c> what</c><00:51:53.119><c> I</c><00:51:53.200><c> paid</c><00:51:53.359><c> for</c><00:51:53.520><c> it</c>

00:51:53.670 --> 00:51:53.680 align:start position:0%
It's $1,000. That's what I paid for it
 

00:51:53.680 --> 00:51:58.230 align:start position:0%
It's $1,000. That's what I paid for it
last<00:51:53.920><c> night.</c><00:51:54.720><c> No,</c><00:51:56.000><c> the</c><00:51:56.800><c> Congress</c><00:51:57.200><c> people</c><00:51:57.599><c> said</c>

00:51:58.230 --> 00:51:58.240 align:start position:0%
last night. No, the Congress people said
 

00:51:58.240 --> 00:52:00.069 align:start position:0%
last night. No, the Congress people said
that's<00:51:58.559><c> not</c><00:51:58.720><c> really</c><00:51:58.960><c> a</c><00:51:59.200><c> good</c><00:51:59.359><c> answer.</c><00:51:59.839><c> You</c>

00:52:00.069 --> 00:52:00.079 align:start position:0%
that's not really a good answer. You
 

00:52:00.079 --> 00:52:02.630 align:start position:0%
that's not really a good answer. You
know<00:52:00.960><c> that</c><00:52:01.280><c> does</c><00:52:01.520><c> that</c><00:52:01.839><c> doesn't</c><00:52:02.079><c> give</c><00:52:02.319><c> us</c>

00:52:02.630 --> 00:52:02.640 align:start position:0%
know that does that doesn't give us
 

00:52:02.640 --> 00:52:04.630 align:start position:0%
know that does that doesn't give us
confidence<00:52:03.599><c> that</c><00:52:03.920><c> you</c><00:52:04.079><c> know</c><00:52:04.240><c> what</c><00:52:04.400><c> you're</c>

00:52:04.630 --> 00:52:04.640 align:start position:0%
confidence that you know what you're
 

00:52:04.640 --> 00:52:07.510 align:start position:0%
confidence that you know what you're
doing<00:52:05.920><c> because</c>

00:52:07.510 --> 00:52:07.520 align:start position:0%
doing because
 

00:52:07.520 --> 00:52:09.270 align:start position:0%
doing because
what<00:52:07.839><c> happens</c><00:52:08.160><c> if</c><00:52:08.400><c> you</c><00:52:08.640><c> have</c><00:52:08.720><c> to</c><00:52:08.880><c> sell</c><00:52:09.040><c> it</c>

00:52:09.270 --> 00:52:09.280 align:start position:0%
what happens if you have to sell it
 

00:52:09.280 --> 00:52:11.430 align:start position:0%
what happens if you have to sell it
tomorrow<00:52:09.599><c> morning</c>

00:52:11.430 --> 00:52:11.440 align:start position:0%
tomorrow morning
 

00:52:11.440 --> 00:52:13.670 align:start position:0%
tomorrow morning
if<00:52:11.599><c> I</c><00:52:11.920><c> you</c><00:52:12.240><c> there's</c><00:52:12.480><c> a</c><00:52:12.880><c> something's</c><00:52:13.359><c> happened</c>

00:52:13.670 --> 00:52:13.680 align:start position:0%
if I you there's a something's happened
 

00:52:13.680 --> 00:52:15.270 align:start position:0%
if I you there's a something's happened
and<00:52:13.839><c> you</c><00:52:14.079><c> have</c><00:52:14.240><c> to</c><00:52:14.400><c> sell</c><00:52:14.640><c> it</c><00:52:14.880><c> remember</c><00:52:15.119><c> there's</c>

00:52:15.270 --> 00:52:15.280 align:start position:0%
and you have to sell it remember there's
 

00:52:15.280 --> 00:52:17.510 align:start position:0%
and you have to sell it remember there's
kinds<00:52:15.520><c> of</c><00:52:15.760><c> stress</c><00:52:16.000><c> tests</c>

00:52:17.510 --> 00:52:17.520 align:start position:0%
kinds of stress tests
 

00:52:17.520 --> 00:52:21.270 align:start position:0%
kinds of stress tests
would<00:52:17.760><c> you</c><00:52:18.240><c> be</c><00:52:18.480><c> able</c><00:52:18.720><c> to</c><00:52:19.440><c> value</c><00:52:19.839><c> it</c><00:52:20.800><c> at</c><00:52:21.040><c> what</c>

00:52:21.270 --> 00:52:21.280 align:start position:0%
would you be able to value it at what
 

00:52:21.280 --> 00:52:24.309 align:start position:0%
would you be able to value it at what
you<00:52:21.440><c> paid</c><00:52:21.599><c> for</c><00:52:21.760><c> it</c><00:52:21.839><c> the</c><00:52:22.160><c> day</c><00:52:22.240><c> before</c>

00:52:24.309 --> 00:52:24.319 align:start position:0%
you paid for it the day before
 

00:52:24.319 --> 00:52:26.069 align:start position:0%
you paid for it the day before
and<00:52:24.559><c> Wall</c><00:52:24.800><c> Street</c><00:52:25.040><c> says</c><00:52:25.440><c> that's</c><00:52:25.680><c> not</c><00:52:25.839><c> the</c><00:52:26.000><c> way</c>

00:52:26.069 --> 00:52:26.079 align:start position:0%
and Wall Street says that's not the way
 

00:52:26.079 --> 00:52:28.710 align:start position:0%
and Wall Street says that's not the way
you<00:52:26.319><c> can</c><00:52:26.480><c> think</c><00:52:26.640><c> about</c><00:52:26.800><c> this</c><00:52:27.119><c> this</c><00:52:27.280><c> is</c><00:52:27.440><c> crazy</c>

00:52:28.710 --> 00:52:28.720 align:start position:0%
you can think about this this is crazy
 

00:52:28.720 --> 00:52:30.630 align:start position:0%
you can think about this this is crazy
we<00:52:29.040><c> always</c><00:52:29.359><c> value</c><00:52:29.760><c> things</c><00:52:29.920><c> at</c><00:52:30.079><c> the</c><00:52:30.240><c> cost</c><00:52:30.480><c> from</c>

00:52:30.630 --> 00:52:30.640 align:start position:0%
we always value things at the cost from
 

00:52:30.640 --> 00:52:33.349 align:start position:0%
we always value things at the cost from
the<00:52:30.800><c> day</c><00:52:30.960><c> before</c><00:52:32.160><c> and</c><00:52:32.400><c> they</c><00:52:32.720><c> changed</c><00:52:32.960><c> the</c>

00:52:33.349 --> 00:52:33.359 align:start position:0%
the day before and they changed the
 

00:52:33.359 --> 00:52:36.630 align:start position:0%
the day before and they changed the
accounting<00:52:33.839><c> method</c><00:52:35.119><c> in</c><00:52:35.440><c> essence</c><00:52:35.760><c> to</c><00:52:35.920><c> say</c><00:52:36.319><c> not</c>

00:52:36.630 --> 00:52:36.640 align:start position:0%
accounting method in essence to say not
 

00:52:36.640 --> 00:52:39.270 align:start position:0%
accounting method in essence to say not
what<00:52:36.880><c> it</c><00:52:37.040><c> was</c><00:52:37.200><c> worth</c><00:52:37.599><c> yesterday</c><00:52:38.079><c> but</c><00:52:38.480><c> if</c><00:52:38.880><c> I</c>

00:52:39.270 --> 00:52:39.280 align:start position:0%
what it was worth yesterday but if I
 

00:52:39.280 --> 00:52:41.750 align:start position:0%
what it was worth yesterday but if I
have<00:52:39.520><c> to</c><00:52:39.920><c> sell</c>

00:52:41.750 --> 00:52:41.760 align:start position:0%
have to sell
 

00:52:41.760 --> 00:52:44.549 align:start position:0%
have to sell
what<00:52:42.000><c> would</c><00:52:42.160><c> it</c><00:52:42.319><c> be</c><00:52:42.480><c> worth</c>

00:52:44.549 --> 00:52:44.559 align:start position:0%
what would it be worth
 

00:52:44.559 --> 00:52:46.870 align:start position:0%
what would it be worth
that's<00:52:44.800><c> impossible</c><00:52:45.359><c> so</c><00:52:45.599><c> what</c><00:52:45.760><c> happens</c><00:52:46.079><c> is</c>

00:52:46.870 --> 00:52:46.880 align:start position:0%
that's impossible so what happens is
 

00:52:46.880 --> 00:52:49.910 align:start position:0%
that's impossible so what happens is
every<00:52:47.280><c> bank</c><00:52:47.760><c> now</c><00:52:48.079><c> has</c><00:52:48.240><c> to</c><00:52:48.480><c> value</c><00:52:49.599><c> something</c>

00:52:49.910 --> 00:52:49.920 align:start position:0%
every bank now has to value something
 

00:52:49.920 --> 00:52:52.470 align:start position:0%
every bank now has to value something
they<00:52:50.240><c> bought</c><00:52:50.400><c> yesterday</c><00:52:50.880><c> at</c><00:52:51.119><c> lower</c><00:52:52.000><c> than</c><00:52:52.240><c> they</c>

00:52:52.470 --> 00:52:52.480 align:start position:0%
they bought yesterday at lower than they
 

00:52:52.480 --> 00:52:53.990 align:start position:0%
they bought yesterday at lower than they
paid

00:52:53.990 --> 00:52:54.000 align:start position:0%
paid
 

00:52:54.000 --> 00:52:55.750 align:start position:0%
paid
never<00:52:54.400><c> before</c><00:52:54.640><c> in</c><00:52:54.880><c> 20</c><00:52:55.119><c> years</c><00:52:55.280><c> did</c><00:52:55.440><c> they</c><00:52:55.599><c> have</c>

00:52:55.750 --> 00:52:55.760 align:start position:0%
never before in 20 years did they have
 

00:52:55.760 --> 00:52:57.670 align:start position:0%
never before in 20 years did they have
to<00:52:55.920><c> do</c><00:52:56.000><c> this</c>

00:52:57.670 --> 00:52:57.680 align:start position:0%
to do this
 

00:52:57.680 --> 00:52:59.990 align:start position:0%
to do this
so<00:52:58.160><c> something</c><00:52:58.400><c> they</c><00:52:58.559><c> bought</c><00:52:58.720><c> at</c><00:52:58.960><c> th000</c><00:52:59.680><c> on</c>

00:52:59.990 --> 00:53:00.000 align:start position:0%
so something they bought at th000 on
 

00:53:00.000 --> 00:53:06.150 align:start position:0%
so something they bought at th000 on
their<00:53:00.160><c> books</c><00:53:00.400><c> was</c><00:53:00.640><c> a</c><00:53:00.800><c> th00and</c><00:53:01.680><c> is</c><00:53:01.920><c> now</c><00:53:02.640><c> 990</c>

00:53:06.150 --> 00:53:06.160 align:start position:0%
 
 

00:53:06.160 --> 00:53:07.990 align:start position:0%
 
that<00:53:06.480><c> starts</c><00:53:06.800><c> to</c><00:53:07.280><c> you</c><00:53:07.520><c> asked</c><00:53:07.680><c> the</c><00:53:07.839><c> question</c>

00:53:07.990 --> 00:53:08.000 align:start position:0%
that starts to you asked the question
 

00:53:08.000 --> 00:53:10.390 align:start position:0%
that starts to you asked the question
about<00:53:08.160><c> what</c><00:53:08.319><c> did</c><00:53:08.480><c> I</c><00:53:08.640><c> start</c><00:53:08.800><c> to</c><00:53:08.960><c> think</c><00:53:09.119><c> about</c>

00:53:10.390 --> 00:53:10.400 align:start position:0%
about what did I start to think about
 

00:53:10.400 --> 00:53:12.390 align:start position:0%
about what did I start to think about
something's<00:53:10.960><c> a,000</c><00:53:11.280><c> and</c><00:53:11.520><c> 990</c><00:53:12.079><c> this</c><00:53:12.240><c> person</c>

00:53:12.390 --> 00:53:12.400 align:start position:0%
something's a,000 and 990 this person
 

00:53:12.400 --> 00:53:14.950 align:start position:0%
something's a,000 and 990 this person
now<00:53:12.640><c> has</c><00:53:12.800><c> to</c><00:53:12.960><c> value</c><00:53:13.200><c> it</c><00:53:13.359><c> at</c><00:53:13.520><c> 980</c><00:53:14.400><c> when</c><00:53:14.640><c> did</c><00:53:14.800><c> you</c>

00:53:14.950 --> 00:53:14.960 align:start position:0%
now has to value it at 980 when did you
 

00:53:14.960 --> 00:53:17.430 align:start position:0%
now has to value it at 980 when did you
first<00:53:15.200><c> start</c><00:53:16.079><c> to</c><00:53:16.319><c> get</c><00:53:16.480><c> nervous</c><00:53:16.960><c> understanding</c>

00:53:17.430 --> 00:53:17.440 align:start position:0%
first start to get nervous understanding
 

00:53:17.440 --> 00:53:18.870 align:start position:0%
first start to get nervous understanding
Bill<00:53:17.680><c> Clinton</c>

00:53:18.870 --> 00:53:18.880 align:start position:0%
Bill Clinton
 

00:53:18.880 --> 00:53:20.630 align:start position:0%
Bill Clinton
&gt;&gt; in<00:53:19.119><c> all</c><00:53:19.280><c> this</c><00:53:19.599><c> did</c><00:53:19.760><c> you</c><00:53:19.839><c> change</c><00:53:20.079><c> glasses</c>

00:53:20.630 --> 00:53:20.640 align:start position:0%
&gt;&gt; in all this did you change glasses
 

00:53:20.640 --> 00:53:21.030 align:start position:0%
&gt;&gt; in all this did you change glasses
&gt;&gt; yes

00:53:21.030 --> 00:53:21.040 align:start position:0%
&gt;&gt; yes
 

00:53:21.040 --> 00:53:21.910 align:start position:0%
&gt;&gt; yes
&gt;&gt; okay

00:53:21.910 --> 00:53:21.920 align:start position:0%
&gt;&gt; okay
 

00:53:21.920 --> 00:53:23.430 align:start position:0%
&gt;&gt; okay
&gt;&gt; I<00:53:22.160><c> changed</c><00:53:22.400><c> shirt</c>

00:53:23.430 --> 00:53:23.440 align:start position:0%
&gt;&gt; I changed shirt
 

00:53:23.440 --> 00:53:25.910 align:start position:0%
&gt;&gt; I changed shirt
&gt;&gt; I<00:53:23.680><c> saw</c><00:53:24.000><c> that</c><00:53:24.160><c> black</c>

00:53:25.910 --> 00:53:25.920 align:start position:0%
&gt;&gt; I saw that black
 

00:53:25.920 --> 00:53:26.470 align:start position:0%
&gt;&gt; I saw that black
um

00:53:26.470 --> 00:53:26.480 align:start position:0%
um
 

00:53:26.480 --> 00:53:27.589 align:start position:0%
um
&gt;&gt; are<00:53:26.720><c> you</c><00:53:26.800><c> okay</c><00:53:26.960><c> with</c><00:53:27.119><c> the</c>

00:53:27.589 --> 00:53:27.599 align:start position:0%
&gt;&gt; are you okay with the
 

00:53:27.599 --> 00:53:29.030 align:start position:0%
&gt;&gt; are you okay with the
&gt;&gt; yeah<00:53:27.839><c> great</c><00:53:28.079><c> I</c><00:53:28.240><c> think</c><00:53:28.319><c> we're</c><00:53:28.720><c> all</c><00:53:28.880><c> kind</c><00:53:28.960><c> of</c>

00:53:29.030 --> 00:53:29.040 align:start position:0%
&gt;&gt; yeah great I think we're all kind of
 

00:53:29.040 --> 00:53:29.670 align:start position:0%
&gt;&gt; yeah great I think we're all kind of
changes.

00:53:29.670 --> 00:53:29.680 align:start position:0%
changes.
 

00:53:29.680 --> 00:53:31.190 align:start position:0%
changes.
&gt;&gt; I'm<00:53:30.000><c> experimenting.</c><00:53:30.800><c> Okay.</c>

00:53:31.190 --> 00:53:31.200 align:start position:0%
&gt;&gt; I'm experimenting. Okay.
 

00:53:31.200 --> 00:53:33.910 align:start position:0%
&gt;&gt; I'm experimenting. Okay.
&gt;&gt; Um,

00:53:33.910 --> 00:53:33.920 align:start position:0%
&gt;&gt; Um,
 

00:53:33.920 --> 00:53:36.150 align:start position:0%
&gt;&gt; Um,
&gt;&gt; when<00:53:34.160><c> did</c><00:53:34.319><c> you</c><00:53:34.480><c> get</c><00:53:34.559><c> a</c><00:53:34.800><c> feeling?</c><00:53:35.359><c> Did</c><00:53:35.599><c> you</c><00:53:35.760><c> ever</c>

00:53:36.150 --> 00:53:36.160 align:start position:0%
&gt;&gt; when did you get a feeling? Did you ever
 

00:53:36.160 --> 00:53:38.390 align:start position:0%
&gt;&gt; when did you get a feeling? Did you ever
anticipate

00:53:38.390 --> 00:53:38.400 align:start position:0%
anticipate
 

00:53:38.400 --> 00:53:40.309 align:start position:0%
anticipate
before<00:53:38.720><c> it</c><00:53:38.960><c> happened</c><00:53:39.280><c> something</c><00:53:39.520><c> like</c><00:53:39.680><c> 2008</c>

00:53:40.309 --> 00:53:40.319 align:start position:0%
before it happened something like 2008
 

00:53:40.319 --> 00:53:41.109 align:start position:0%
before it happened something like 2008
could<00:53:40.559><c> happen?</c>

00:53:41.109 --> 00:53:41.119 align:start position:0%
could happen?
 

00:53:41.119 --> 00:53:42.950 align:start position:0%
could happen?
&gt;&gt; No.

00:53:42.950 --> 00:53:42.960 align:start position:0%
&gt;&gt; No.
 

00:53:42.960 --> 00:53:46.230 align:start position:0%
&gt;&gt; No.
&gt;&gt; How<00:53:43.200><c> could</c><00:53:43.359><c> that</c><00:53:43.520><c> be?</c>

00:53:46.230 --> 00:53:46.240 align:start position:0%
&gt;&gt; How could that be?
 

00:53:46.240 --> 00:53:49.670 align:start position:0%
&gt;&gt; How could that be?
&gt;&gt; Because<00:53:46.480><c> anticipated</c>

00:53:49.670 --> 00:53:49.680 align:start position:0%
 
 

00:53:49.680 --> 00:53:52.630 align:start position:0%
 
to<00:53:49.920><c> death</c><00:53:50.319><c> is</c><00:53:50.559><c> that</c><00:53:50.880><c> it's</c><00:53:51.200><c> very</c><00:53:51.440><c> much</c><00:53:51.599><c> like</c><00:53:51.760><c> a</c>

00:53:52.630 --> 00:53:52.640 align:start position:0%
to death is that it's very much like a
 

00:53:52.640 --> 00:53:55.109 align:start position:0%
to death is that it's very much like a
would<00:53:52.880><c> I</c><00:53:53.119><c> expect</c><00:53:53.520><c> anticipate</c><00:53:54.559><c> I'll</c><00:53:54.800><c> have</c><00:53:54.960><c> a</c>

00:53:55.109 --> 00:53:55.119 align:start position:0%
would I expect anticipate I'll have a
 

00:53:55.119 --> 00:53:58.230 align:start position:0%
would I expect anticipate I'll have a
heart<00:53:55.280><c> attack</c><00:53:55.520><c> tomorrow?</c><00:53:56.480><c> Unlikely.</c><00:53:57.760><c> Was</c>

00:53:58.230 --> 00:53:58.240 align:start position:0%
heart attack tomorrow? Unlikely. Was
 

00:53:58.240 --> 00:54:00.309 align:start position:0%
heart attack tomorrow? Unlikely. Was
2008<00:53:58.720><c> a</c><00:53:58.960><c> heart</c><00:53:59.119><c> attack</c><00:53:59.280><c> or</c><00:53:59.599><c> stroke?</c>

00:54:00.309 --> 00:54:00.319 align:start position:0%
2008 a heart attack or stroke?
 

00:54:00.319 --> 00:54:02.230 align:start position:0%
2008 a heart attack or stroke?
Debbilitating?

00:54:02.230 --> 00:54:02.240 align:start position:0%
Debbilitating?
 

00:54:02.240 --> 00:54:06.150 align:start position:0%
Debbilitating?
&gt;&gt; Um,<00:54:02.640><c> it's</c><00:54:02.880><c> a</c><00:54:03.119><c> better</c><00:54:03.920><c> um</c>

00:54:06.150 --> 00:54:06.160 align:start position:0%
&gt;&gt; Um, it's a better um
 

00:54:06.160 --> 00:54:09.910 align:start position:0%
&gt;&gt; Um, it's a better um
I<00:54:06.400><c> don't</c><00:54:07.359><c> It</c><00:54:07.599><c> was</c><00:54:07.839><c> both.</c>

00:54:09.910 --> 00:54:09.920 align:start position:0%
I don't It was both.
 

00:54:09.920 --> 00:54:11.990 align:start position:0%
I don't It was both.
But<00:54:10.079><c> why</c><00:54:10.319><c> was</c><00:54:10.480><c> it</c><00:54:10.640><c> both?</c><00:54:11.119><c> Because</c><00:54:11.359><c> in</c><00:54:11.599><c> fact,</c><00:54:11.760><c> as</c>

00:54:11.990 --> 00:54:12.000 align:start position:0%
But why was it both? Because in fact, as
 

00:54:12.000 --> 00:54:13.589 align:start position:0%
But why was it both? Because in fact, as
I<00:54:12.079><c> said,</c><00:54:12.240><c> the</c><00:54:12.480><c> blood</c><00:54:12.720><c> was</c><00:54:12.960><c> getting</c><00:54:13.200><c> dried</c><00:54:13.520><c> up</c>

00:54:13.589 --> 00:54:13.599 align:start position:0%
I said, the blood was getting dried up
 

00:54:13.599 --> 00:54:15.910 align:start position:0%
I said, the blood was getting dried up
in<00:54:13.760><c> the</c><00:54:14.000><c> system</c><00:54:14.480><c> and</c><00:54:14.720><c> the</c><00:54:14.960><c> head</c><00:54:15.440><c> which</c><00:54:15.599><c> is</c><00:54:15.760><c> sort</c>

00:54:15.910 --> 00:54:15.920 align:start position:0%
in the system and the head which is sort
 

00:54:15.920 --> 00:54:18.950 align:start position:0%
in the system and the head which is sort
of<00:54:16.000><c> the</c><00:54:16.240><c> central</c><00:54:16.480><c> bank</c><00:54:16.720><c> wasn't</c><00:54:17.040><c> working.</c>

00:54:18.950 --> 00:54:18.960 align:start position:0%
of the central bank wasn't working.
 

00:54:18.960 --> 00:54:21.030 align:start position:0%
of the central bank wasn't working.
So<00:54:19.280><c> to</c><00:54:19.520><c> some</c><00:54:19.680><c> extent</c><00:54:20.079><c> it</c><00:54:20.400><c> was</c><00:54:20.480><c> a</c><00:54:20.640><c> combination.</c>

00:54:21.030 --> 00:54:21.040 align:start position:0%
So to some extent it was a combination.
 

00:54:21.040 --> 00:54:22.309 align:start position:0%
So to some extent it was a combination.
It<00:54:21.200><c> was</c><00:54:21.440><c> a</c><00:54:21.760><c> crisis.</c>

00:54:22.309 --> 00:54:22.319 align:start position:0%
It was a crisis.
 

00:54:22.319 --> 00:54:24.470 align:start position:0%
It was a crisis.
&gt;&gt; Did<00:54:22.480><c> you</c><00:54:22.559><c> see</c><00:54:22.720><c> that</c><00:54:22.960><c> building</c><00:54:23.200><c> up</c><00:54:23.440><c> over</c><00:54:23.680><c> time?</c>

00:54:24.470 --> 00:54:24.480 align:start position:0%
&gt;&gt; Did you see that building up over time?
 

00:54:24.480 --> 00:54:26.150 align:start position:0%
&gt;&gt; Did you see that building up over time?
&gt;&gt; It's<00:54:24.640><c> it's</c><00:54:25.040><c> always</c><00:54:25.359><c> been</c><00:54:25.520><c> lurking</c><00:54:25.839><c> in</c><00:54:26.000><c> the</c>

00:54:26.150 --> 00:54:26.160 align:start position:0%
&gt;&gt; It's it's always been lurking in the
 

00:54:26.160 --> 00:54:28.069 align:start position:0%
&gt;&gt; It's it's always been lurking in the
background.<00:54:26.480><c> I</c><00:54:26.720><c> mean,</c><00:54:26.880><c> if</c><00:54:27.040><c> if</c><00:54:27.599><c> you</c><00:54:27.760><c> have</c><00:54:27.839><c> an</c>

00:54:28.069 --> 00:54:28.079 align:start position:0%
background. I mean, if if you have an
 

00:54:28.079 --> 00:54:31.670 align:start position:0%
background. I mean, if if you have an
older<00:54:28.480><c> parent,</c><00:54:29.760><c> would</c><00:54:30.000><c> you</c><00:54:30.160><c> say</c><00:54:31.280><c> it's</c>

00:54:31.670 --> 00:54:31.680 align:start position:0%
older parent, would you say it's
 

00:54:31.680 --> 00:54:33.510 align:start position:0%
older parent, would you say it's
possible?<00:54:32.480><c> Did</c><00:54:32.640><c> you</c><00:54:32.800><c> anticipate</c><00:54:33.200><c> him</c><00:54:33.359><c> having</c>

00:54:33.510 --> 00:54:33.520 align:start position:0%
possible? Did you anticipate him having
 

00:54:33.520 --> 00:54:35.109 align:start position:0%
possible? Did you anticipate him having
the<00:54:33.680><c> heart</c><00:54:33.839><c> attack</c><00:54:34.079><c> today?</c><00:54:34.559><c> No.</c><00:54:34.800><c> You</c><00:54:34.960><c> hope</c>

00:54:35.109 --> 00:54:35.119 align:start position:0%
the heart attack today? No. You hope
 

00:54:35.119 --> 00:54:36.309 align:start position:0%
the heart attack today? No. You hope
things<00:54:35.359><c> are</c><00:54:35.520><c> going</c><00:54:35.599><c> to</c><00:54:35.680><c> go</c><00:54:35.839><c> better</c><00:54:36.000><c> and</c><00:54:36.160><c> maybe</c>

00:54:36.309 --> 00:54:36.319 align:start position:0%
things are going to go better and maybe
 

00:54:36.319 --> 00:54:39.190 align:start position:0%
things are going to go better and maybe
they'll<00:54:36.640><c> fix</c><00:54:36.800><c> it</c><00:54:36.960><c> up.</c><00:54:37.680><c> Um,</c><00:54:38.319><c> the</c><00:54:38.640><c> system</c><00:54:38.880><c> was</c>

00:54:39.190 --> 00:54:39.200 align:start position:0%
they'll fix it up. Um, the system was
 

00:54:39.200 --> 00:54:42.309 align:start position:0%
they'll fix it up. Um, the system was
getting<00:54:39.680><c> too</c><00:54:40.000><c> complex</c><00:54:41.359><c> and</c><00:54:41.599><c> it</c><00:54:41.839><c> wasn't</c><00:54:42.079><c> based</c>

00:54:42.309 --> 00:54:42.319 align:start position:0%
getting too complex and it wasn't based
 

00:54:42.319 --> 00:54:43.829 align:start position:0%
getting too complex and it wasn't based
on<00:54:42.480><c> derivatives</c><00:54:42.960><c> because</c><00:54:43.200><c> what</c><00:54:43.440><c> people</c><00:54:43.680><c> keep</c>

00:54:43.829 --> 00:54:43.839 align:start position:0%
on derivatives because what people keep
 

00:54:43.839 --> 00:54:47.829 align:start position:0%
on derivatives because what people keep
forgetting<00:54:44.559><c> and</c><00:54:44.800><c> as</c><00:54:44.960><c> I</c><00:54:45.119><c> was</c><00:54:45.200><c> just</c><00:54:45.440><c> explaining,</c>

00:54:47.829 --> 00:54:47.839 align:start position:0%
forgetting and as I was just explaining,
 

00:54:47.839 --> 00:54:50.950 align:start position:0%
forgetting and as I was just explaining,
Wall<00:54:48.079><c> Street</c><00:54:49.200><c> and</c><00:54:49.839><c> in</c><00:54:50.160><c> many</c><00:54:50.400><c> professions</c>

00:54:50.950 --> 00:54:50.960 align:start position:0%
Wall Street and in many professions
 

00:54:50.960 --> 00:54:52.790 align:start position:0%
Wall Street and in many professions
including<00:54:51.280><c> Wall</c><00:54:51.520><c> Street,</c><00:54:51.839><c> Wall</c><00:54:52.000><c> Street</c><00:54:52.480><c> makes</c>

00:54:52.790 --> 00:54:52.800 align:start position:0%
including Wall Street, Wall Street makes
 

00:54:52.800 --> 00:54:55.109 align:start position:0%
including Wall Street, Wall Street makes
it<00:54:53.040><c> sound</c><00:54:53.359><c> complicated.</c><00:54:54.559><c> They</c><00:54:54.800><c> don't</c><00:54:54.960><c> want</c>

00:54:55.109 --> 00:54:55.119 align:start position:0%
it sound complicated. They don't want
 

00:54:55.119 --> 00:54:56.950 align:start position:0%
it sound complicated. They don't want
the<00:54:55.280><c> little</c><00:54:55.520><c> guy</c><00:54:55.760><c> to</c><00:54:56.000><c> understand</c><00:54:56.400><c> what</c><00:54:56.640><c> they</c>

00:54:56.950 --> 00:54:56.960 align:start position:0%
the little guy to understand what they
 

00:54:56.960 --> 00:54:59.430 align:start position:0%
the little guy to understand what they
do<00:54:57.280><c> because</c><00:54:57.599><c> they</c><00:54:57.839><c> make</c><00:54:58.000><c> so</c><00:54:58.240><c> much</c><00:54:58.480><c> money</c><00:54:59.119><c> and</c>

00:54:59.430 --> 00:54:59.440 align:start position:0%
do because they make so much money and
 

00:54:59.440 --> 00:55:02.150 align:start position:0%
do because they make so much money and
they<00:54:59.599><c> don't</c><00:54:59.839><c> do</c><00:55:00.000><c> very</c><00:55:00.240><c> much.</c><00:55:01.440><c> So</c><00:55:01.599><c> they</c><00:55:01.839><c> they</c>

00:55:02.150 --> 00:55:02.160 align:start position:0%
they don't do very much. So they they
 

00:55:02.160 --> 00:55:04.309 align:start position:0%
they don't do very much. So they they
couch<00:55:02.480><c> it</c><00:55:02.640><c> in</c><00:55:02.880><c> words</c><00:55:03.119><c> like</c><00:55:03.359><c> derivative</c><00:55:03.920><c> and</c>

00:55:04.309 --> 00:55:04.319 align:start position:0%
couch it in words like derivative and
 

00:55:04.319 --> 00:55:08.870 align:start position:0%
couch it in words like derivative and
stock<00:55:04.640><c> options</c><00:55:05.680><c> and</c><00:55:06.319><c> commodity</c><00:55:07.040><c> futures</c><00:55:07.599><c> and</c>

00:55:08.870 --> 00:55:08.880 align:start position:0%
stock options and commodity futures and
 

00:55:08.880 --> 00:55:11.910 align:start position:0%
stock options and commodity futures and
different<00:55:09.200><c> types</c><00:55:09.440><c> of</c><00:55:09.760><c> contracts.</c><00:55:11.119><c> It's</c><00:55:11.359><c> all</c>

00:55:11.910 --> 00:55:11.920 align:start position:0%
different types of contracts. It's all
 

00:55:11.920 --> 00:55:14.150 align:start position:0%
different types of contracts. It's all
fairly<00:55:12.800><c> everyone</c><00:55:13.280><c> is</c><00:55:13.520><c> capable</c><00:55:13.920><c> of</c>

00:55:14.150 --> 00:55:14.160 align:start position:0%
fairly everyone is capable of
 

00:55:14.160 --> 00:55:16.630 align:start position:0%
fairly everyone is capable of
understanding<00:55:14.640><c> it.</c><00:55:14.960><c> It</c><00:55:15.200><c> is</c><00:55:15.359><c> not</c><00:55:15.680><c> complicated.</c>

00:55:16.630 --> 00:55:16.640 align:start position:0%
understanding it. It is not complicated.
 

00:55:16.640 --> 00:55:18.549 align:start position:0%
understanding it. It is not complicated.
But<00:55:16.960><c> Wall</c><00:55:17.200><c> Street</c><00:55:17.680><c> because</c><00:55:18.000><c> they</c><00:55:18.240><c> make</c><00:55:18.400><c> so</c>

00:55:18.549 --> 00:55:18.559 align:start position:0%
But Wall Street because they make so
 

00:55:18.559 --> 00:55:20.150 align:start position:0%
But Wall Street because they make so
much<00:55:18.720><c> money</c><00:55:18.880><c> from</c><00:55:19.119><c> doing</c><00:55:19.359><c> fairly</c><00:55:19.760><c> simple</c>

00:55:20.150 --> 00:55:20.160 align:start position:0%
much money from doing fairly simple
 

00:55:20.160 --> 00:55:22.230 align:start position:0%
much money from doing fairly simple
things<00:55:20.800><c> needs</c><00:55:21.040><c> to</c><00:55:21.200><c> make</c><00:55:21.280><c> it</c><00:55:21.520><c> more</c><00:55:21.760><c> complicated</c>

00:55:22.230 --> 00:55:22.240 align:start position:0%
things needs to make it more complicated
 

00:55:22.240 --> 00:55:25.750 align:start position:0%
things needs to make it more complicated
than<00:55:22.400><c> it</c><00:55:22.640><c> really</c><00:55:22.800><c> is.</c>

00:55:25.750 --> 00:55:25.760 align:start position:0%
 
 

00:55:25.760 --> 00:55:28.870 align:start position:0%
 
the<00:55:26.720><c> we</c><00:55:27.040><c> had</c><00:55:27.200><c> a</c><00:55:27.359><c> a</c><00:55:27.680><c> very</c><00:55:27.920><c> big</c><00:55:28.160><c> recession</c><00:55:28.480><c> in</c><00:55:28.720><c> the</c>

00:55:28.870 --> 00:55:28.880 align:start position:0%
the we had a a very big recession in the
 

00:55:28.880 --> 00:55:31.990 align:start position:0%
the we had a a very big recession in the
early<00:55:29.119><c> 90s</c><00:55:30.240><c> based</c><00:55:30.559><c> upon</c><00:55:30.960><c> real</c><00:55:31.119><c> estate</c><00:55:31.520><c> and</c><00:55:31.760><c> and</c>

00:55:31.990 --> 00:55:32.000 align:start position:0%
early 90s based upon real estate and and
 

00:55:32.000 --> 00:55:35.030 align:start position:0%
early 90s based upon real estate and and
and<00:55:32.400><c> at</c><00:55:32.640><c> Japan</c><00:55:34.079><c> basically</c><00:55:34.480><c> imploding.</c>

00:55:35.030 --> 00:55:35.040 align:start position:0%
and at Japan basically imploding.
 

00:55:35.040 --> 00:55:38.150 align:start position:0%
and at Japan basically imploding.
&gt;&gt; Let's<00:55:35.280><c> again</c><00:55:36.480><c> you</c><00:55:36.720><c> had</c><00:55:36.880><c> a</c><00:55:37.359><c> recession</c><00:55:37.760><c> in</c><00:55:38.000><c> the</c>

00:55:38.150 --> 00:55:38.160 align:start position:0%
&gt;&gt; Let's again you had a recession in the
 

00:55:38.160 --> 00:55:40.630 align:start position:0%
&gt;&gt; Let's again you had a recession in the
'9s.<00:55:38.640><c> I</c><00:55:38.800><c> don't</c><00:55:38.880><c> know</c><00:55:38.960><c> what</c><00:55:39.200><c> it's</c><00:55:39.359><c> based</c><00:55:39.680><c> upon.</c>

00:55:40.630 --> 00:55:40.640 align:start position:0%
'9s. I don't know what it's based upon.
 

00:55:40.640 --> 00:55:42.150 align:start position:0%
'9s. I don't know what it's based upon.
It's<00:55:40.800><c> it's</c><00:55:41.119><c> always</c><00:55:41.359><c> interesting</c><00:55:41.760><c> to</c><00:55:41.920><c> look</c>

00:55:42.150 --> 00:55:42.160 align:start position:0%
It's it's always interesting to look
 

00:55:42.160 --> 00:55:44.549 align:start position:0%
It's it's always interesting to look
back<00:55:42.400><c> and</c><00:55:42.640><c> say</c><00:55:43.200><c> separate</c><00:55:43.599><c> from</c><00:55:43.920><c> there's</c>

00:55:44.549 --> 00:55:44.559 align:start position:0%
back and say separate from there's
 

00:55:44.559 --> 00:55:46.710 align:start position:0%
back and say separate from there's
certain<00:55:45.040><c> triggers</c><00:55:45.599><c> like</c><00:55:45.839><c> there</c><00:55:46.079><c> in</c><00:55:46.319><c> the</c><00:55:46.400><c> 70s</c>

00:55:46.710 --> 00:55:46.720 align:start position:0%
certain triggers like there in the 70s
 

00:55:46.720 --> 00:55:47.349 align:start position:0%
certain triggers like there in the 70s
there<00:55:46.800><c> was</c><00:55:46.880><c> a</c>

00:55:47.349 --> 00:55:47.359 align:start position:0%
there was a
 

00:55:47.359 --> 00:55:48.630 align:start position:0%
there was a
&gt;&gt; what<00:55:47.599><c> do</c><00:55:47.680><c> you</c><00:55:47.760><c> think</c><00:55:47.839><c> it</c><00:55:48.000><c> was</c><00:55:48.079><c> based</c><00:55:48.240><c> upon</c><00:55:48.480><c> in</c>

00:55:48.630 --> 00:55:48.640 align:start position:0%
&gt;&gt; what do you think it was based upon in
 

00:55:48.640 --> 00:55:50.230 align:start position:0%
&gt;&gt; what do you think it was based upon in
the<00:55:48.720><c> '90s</c><00:55:49.119><c> downturn?</c><00:55:49.520><c> It's</c><00:55:49.760><c> clearly</c><00:55:50.079><c> there</c>

00:55:50.230 --> 00:55:50.240 align:start position:0%
the '90s downturn? It's clearly there
 

00:55:50.240 --> 00:55:52.710 align:start position:0%
the '90s downturn? It's clearly there
was<00:55:50.319><c> a</c><00:55:50.480><c> huge</c><00:55:50.720><c> downturn.</c><00:55:51.680><c> No,</c><00:55:52.000><c> I</c><00:55:52.079><c> I</c><00:55:52.319><c> just</c><00:55:52.480><c> I</c><00:55:52.640><c> know</c>

00:55:52.710 --> 00:55:52.720 align:start position:0%
was a huge downturn. No, I I just I know
 

00:55:52.720 --> 00:55:54.710 align:start position:0%
was a huge downturn. No, I I just I know
there<00:55:52.960><c> was</c><00:55:53.040><c> a</c><00:55:53.200><c> downturn.</c><00:55:54.079><c> That's</c><00:55:54.319><c> what</c><00:55:54.400><c> I</c><00:55:54.559><c> know</c>

00:55:54.710 --> 00:55:54.720 align:start position:0%
there was a downturn. That's what I know
 

00:55:54.720 --> 00:55:56.230 align:start position:0%
there was a downturn. That's what I know
for<00:55:54.960><c> sure.</c>

00:55:56.230 --> 00:55:56.240 align:start position:0%
for sure.
 

00:55:56.240 --> 00:55:58.390 align:start position:0%
for sure.
&gt;&gt; That's<00:55:56.480><c> a</c><00:55:56.640><c> fact.</c><00:55:57.040><c> What</c>

00:55:58.390 --> 00:55:58.400 align:start position:0%
&gt;&gt; That's a fact. What
 

00:55:58.400 --> 00:55:59.510 align:start position:0%
&gt;&gt; That's a fact. What
&gt;&gt; everything<00:55:58.640><c> else</c><00:55:58.880><c> is</c><00:55:59.040><c> is</c><00:55:59.200><c> sort</c><00:55:59.440><c> of</c>

00:55:59.510 --> 00:55:59.520 align:start position:0%
&gt;&gt; everything else is is sort of
 

00:55:59.520 --> 00:56:01.589 align:start position:0%
&gt;&gt; everything else is is sort of
speculation<00:56:00.240><c> about</c><00:56:00.640><c> why</c><00:56:00.960><c> why</c><00:56:01.200><c> did</c><00:56:01.359><c> he</c><00:56:01.440><c> have</c>

00:56:01.589 --> 00:56:01.599 align:start position:0%
speculation about why why did he have
 

00:56:01.599 --> 00:56:01.829 align:start position:0%
speculation about why why did he have
that?

00:56:01.829 --> 00:56:01.839 align:start position:0%
that?
 

00:56:01.839 --> 00:56:02.870 align:start position:0%
that?
&gt;&gt; Understand<00:56:02.079><c> that,</c><00:56:02.240><c> but</c><00:56:02.480><c> there's</c><00:56:02.640><c> some</c>

00:56:02.870 --> 00:56:02.880 align:start position:0%
&gt;&gt; Understand that, but there's some
 

00:56:02.880 --> 00:56:06.150 align:start position:0%
&gt;&gt; Understand that, but there's some
speculation<00:56:03.359><c> that</c><00:56:03.599><c> has</c><00:56:03.839><c> 0%</c><00:56:04.880><c> probability</c><00:56:05.839><c> of</c>

00:56:06.150 --> 00:56:06.160 align:start position:0%
speculation that has 0% probability of
 

00:56:06.160 --> 00:56:08.630 align:start position:0%
speculation that has 0% probability of
being<00:56:06.400><c> true</c><00:56:06.960><c> and</c><00:56:07.200><c> there's</c><00:56:07.440><c> others</c><00:56:07.680><c> that</c><00:56:07.920><c> have</c>

00:56:08.630 --> 00:56:08.640 align:start position:0%
being true and there's others that have
 

00:56:08.640 --> 00:56:12.309 align:start position:0%
being true and there's others that have
90%.<00:56:10.079><c> In</c><00:56:10.079><c> in</c><00:56:10.319><c> the</c><00:56:10.480><c> r</c><00:56:10.720><c> in</c><00:56:10.960><c> the</c><00:56:11.119><c> range</c><00:56:12.000><c> when</c><00:56:12.160><c> you</c>

00:56:12.309 --> 00:56:12.319 align:start position:0%
90%. In in the r in the range when you
 

00:56:12.319 --> 00:56:14.309 align:start position:0%
90%. In in the r in the range when you
look<00:56:12.480><c> at</c><00:56:12.559><c> the</c><00:56:12.880><c> range</c><00:56:13.200><c> of</c><00:56:13.440><c> alternatives</c><00:56:14.079><c> of</c>

00:56:14.309 --> 00:56:14.319 align:start position:0%
look at the range of alternatives of
 

00:56:14.319 --> 00:56:17.430 align:start position:0%
look at the range of alternatives of
what<00:56:14.640><c> could</c><00:56:14.799><c> have</c><00:56:15.040><c> caused</c><00:56:15.280><c> it</c><00:56:16.319><c> of</c><00:56:16.640><c> and</c><00:56:16.880><c> 90</c><00:56:17.280><c> and</c>

00:56:17.430 --> 00:56:17.440 align:start position:0%
what could have caused it of and 90 and
 

00:56:17.440 --> 00:56:18.549 align:start position:0%
what could have caused it of and 90 and
what<00:56:17.599><c> I'm</c><00:56:17.760><c> trying</c><00:56:17.839><c> to</c><00:56:17.920><c> do</c><00:56:18.000><c> is</c><00:56:18.160><c> get</c><00:56:18.240><c> you</c><00:56:18.400><c> all</c><00:56:18.480><c> the</c>

00:56:18.549 --> 00:56:18.559 align:start position:0%
what I'm trying to do is get you all the
 

00:56:18.559 --> 00:56:20.789 align:start position:0%
what I'm trying to do is get you all the
way<00:56:18.640><c> up</c><00:56:18.720><c> to</c><00:56:18.880><c> 2008.</c><00:56:19.839><c> Look,</c><00:56:20.319><c> you're</c><00:56:20.559><c> the</c>

00:56:20.789 --> 00:56:20.799 align:start position:0%
way up to 2008. Look, you're the
 

00:56:20.799 --> 00:56:23.030 align:start position:0%
way up to 2008. Look, you're the
smartest<00:56:21.119><c> guy</c><00:56:21.200><c> in</c><00:56:21.359><c> the</c><00:56:21.520><c> room,</c><00:56:22.400><c> right?</c><00:56:22.880><c> You</c>

00:56:23.030 --> 00:56:23.040 align:start position:0%
smartest guy in the room, right? You
 

00:56:23.040 --> 00:56:23.910 align:start position:0%
smartest guy in the room, right? You
know<00:56:23.200><c> that.</c>

00:56:23.910 --> 00:56:23.920 align:start position:0%
know that.
 

00:56:23.920 --> 00:56:25.910 align:start position:0%
know that.
&gt;&gt; Do<00:56:24.079><c> you</c><00:56:24.160><c> think</c><00:56:24.319><c> there's</c><00:56:24.559><c> anybody</c><00:56:25.440><c> in</c><00:56:25.680><c> the</c>

00:56:25.910 --> 00:56:25.920 align:start position:0%
&gt;&gt; Do you think there's anybody in the
 

00:56:25.920 --> 00:56:27.109 align:start position:0%
&gt;&gt; Do you think there's anybody in the
world<00:56:26.079><c> today?</c>

00:56:27.109 --> 00:56:27.119 align:start position:0%
world today?
 

00:56:27.119 --> 00:56:28.789 align:start position:0%
world today?
&gt;&gt; Oops.<00:56:27.440><c> That's</c><00:56:27.680><c> this</c><00:56:27.839><c> gonna</c><00:56:28.000><c> be</c><00:56:28.400><c> this</c><00:56:28.559><c> is</c><00:56:28.640><c> gonna</c>

00:56:28.789 --> 00:56:28.799 align:start position:0%
&gt;&gt; Oops. That's this gonna be this is gonna
 

00:56:28.799 --> 00:56:30.710 align:start position:0%
&gt;&gt; Oops. That's this gonna be this is gonna
be<00:56:28.960><c> a</c><00:56:29.119><c> bad</c><00:56:29.440><c> question.</c><00:56:29.839><c> No,</c><00:56:30.000><c> no,</c><00:56:30.079><c> but</c><00:56:30.240><c> do</c><00:56:30.319><c> you</c><00:56:30.480><c> s</c>

00:56:30.710 --> 00:56:30.720 align:start position:0%
be a bad question. No, no, but do you s
 

00:56:30.720 --> 00:56:32.470 align:start position:0%
be a bad question. No, no, but do you s
do<00:56:30.799><c> you</c><00:56:30.960><c> think</c><00:56:31.040><c> anybody</c><00:56:31.280><c> in</c><00:56:31.440><c> the</c><00:56:31.520><c> world</c><00:56:31.760><c> today,</c>

00:56:32.470 --> 00:56:32.480 align:start position:0%
do you think anybody in the world today,
 

00:56:32.480 --> 00:56:34.549 align:start position:0%
do you think anybody in the world today,
the<00:56:32.640><c> Allen</c><00:56:32.960><c> Greenspans,</c><00:56:33.599><c> the</c><00:56:33.760><c> Bernani,</c><00:56:34.400><c> any</c>

00:56:34.549 --> 00:56:34.559 align:start position:0%
the Allen Greenspans, the Bernani, any
 

00:56:34.559 --> 00:56:37.030 align:start position:0%
the Allen Greenspans, the Bernani, any
C,<00:56:34.880><c> is</c><00:56:35.119><c> there</c><00:56:35.280><c> any</c><00:56:35.440><c> central</c><00:56:35.839><c> banker</c><00:56:36.160><c> you</c><00:56:36.319><c> know,</c>

00:56:37.030 --> 00:56:37.040 align:start position:0%
C, is there any central banker you know,
 

00:56:37.040 --> 00:56:39.030 align:start position:0%
C, is there any central banker you know,
any<00:56:37.280><c> partner</c><00:56:37.599><c> of</c><00:56:37.760><c> any</c><00:56:37.920><c> Wall</c><00:56:38.160><c> Street</c><00:56:38.400><c> firm,</c><00:56:38.880><c> any</c>

00:56:39.030 --> 00:56:39.040 align:start position:0%
any partner of any Wall Street firm, any
 

00:56:39.040 --> 00:56:40.710 align:start position:0%
any partner of any Wall Street firm, any
guy<00:56:39.280><c> running</c><00:56:39.520><c> a</c><00:56:39.760><c> trading</c><00:56:40.000><c> desk,</c><00:56:40.240><c> and</c><00:56:40.480><c> I</c><00:56:40.640><c> would</c>

00:56:40.710 --> 00:56:40.720 align:start position:0%
guy running a trading desk, and I would
 

00:56:40.720 --> 00:56:42.870 align:start position:0%
guy running a trading desk, and I would
take<00:56:40.799><c> it</c><00:56:41.040><c> that</c><00:56:41.200><c> would</c><00:56:41.359><c> be</c><00:56:41.440><c> or</c><00:56:41.680><c> anybody</c><00:56:42.160><c> at</c><00:56:42.400><c> a</c>

00:56:42.870 --> 00:56:42.880 align:start position:0%
take it that would be or anybody at a
 

00:56:42.880 --> 00:56:45.030 align:start position:0%
take it that would be or anybody at a
Larry<00:56:43.200><c> Frink</c><00:56:43.440><c> at</c><00:56:43.680><c> Black</c><00:56:43.920><c> Rockck,</c><00:56:44.480><c> uh</c><00:56:44.720><c> Steve</c>

00:56:45.030 --> 00:56:45.040 align:start position:0%
Larry Frink at Black Rockck, uh Steve
 

00:56:45.040 --> 00:56:48.230 align:start position:0%
Larry Frink at Black Rockck, uh Steve
Schwarzman<00:56:45.599><c> at</c><00:56:46.160><c> at</c><00:56:46.480><c> Blackstone,</c><00:56:47.520><c> the</c><00:56:47.839><c> top</c>

00:56:48.230 --> 00:56:48.240 align:start position:0%
Schwarzman at at Blackstone, the top
 

00:56:48.240 --> 00:56:49.750 align:start position:0%
Schwarzman at at Blackstone, the top
hundred

00:56:49.750 --> 00:56:49.760 align:start position:0%
hundred
 

00:56:49.760 --> 00:56:51.589 align:start position:0%
hundred
financial<00:56:50.240><c> guys,</c><00:56:50.480><c> and</c><00:56:50.640><c> let's</c><00:56:50.799><c> throw</c><00:56:51.040><c> in</c><00:56:51.359><c> a</c>

00:56:51.589 --> 00:56:51.599 align:start position:0%
financial guys, and let's throw in a
 

00:56:51.599 --> 00:56:53.030 align:start position:0%
financial guys, and let's throw in a
couple<00:56:51.760><c> of</c><00:56:51.920><c> Nobel</c><00:56:52.319><c> economists</c><00:56:52.720><c> and</c><00:56:52.880><c> let's</c>

00:56:53.030 --> 00:56:53.040 align:start position:0%
couple of Nobel economists and let's
 

00:56:53.040 --> 00:56:55.589 align:start position:0%
couple of Nobel economists and let's
throw<00:56:53.200><c> in</c><00:56:53.359><c> the</c><00:56:53.599><c> best</c><00:56:53.839><c> professors</c><00:56:54.880><c> at</c><00:56:55.119><c> the</c><00:56:55.359><c> at</c>

00:56:55.589 --> 00:56:55.599 align:start position:0%
throw in the best professors at the at
 

00:56:55.599 --> 00:56:58.309 align:start position:0%
throw in the best professors at the at
Wharton<00:56:55.839><c> and</c><00:56:56.000><c> at</c><00:56:56.160><c> Harvard,</c><00:56:56.480><c> at</c><00:56:56.720><c> Stanford.</c><00:56:58.000><c> Do</c>

00:56:58.309 --> 00:56:58.319 align:start position:0%
Wharton and at Harvard, at Stanford. Do
 

00:56:58.319 --> 00:57:00.950 align:start position:0%
Wharton and at Harvard, at Stanford. Do
you<00:56:58.480><c> think</c><00:56:58.880><c> that</c><00:56:59.200><c> there's</c><00:56:59.520><c> anybody</c><00:57:00.559><c> that</c>

00:57:00.950 --> 00:57:00.960 align:start position:0%
you think that there's anybody that
 

00:57:00.960 --> 00:57:03.910 align:start position:0%
you think that there's anybody that
understands<00:57:01.920><c> money</c><00:57:02.319><c> or</c><00:57:02.640><c> understands</c><00:57:03.599><c> the</c>

00:57:03.910 --> 00:57:03.920 align:start position:0%
understands money or understands the
 

00:57:03.920 --> 00:57:06.630 align:start position:0%
understands money or understands the
world's<00:57:04.240><c> financial</c><00:57:04.640><c> system</c><00:57:04.960><c> as</c><00:57:05.200><c> good</c><00:57:05.280><c> as</c><00:57:05.440><c> you?</c>

00:57:06.630 --> 00:57:06.640 align:start position:0%
world's financial system as good as you?
 

00:57:06.640 --> 00:57:08.390 align:start position:0%
world's financial system as good as you?
&gt;&gt; There<00:57:06.960><c> must</c><00:57:07.119><c> be.</c>

00:57:08.390 --> 00:57:08.400 align:start position:0%
&gt;&gt; There must be.
 

00:57:08.400 --> 00:57:09.910 align:start position:0%
&gt;&gt; There must be.
&gt;&gt; But<00:57:08.640><c> it</c><00:57:08.880><c> doesn't</c><00:57:09.119><c> come</c><00:57:09.200><c> to</c><00:57:09.359><c> the</c><00:57:09.520><c> top</c><00:57:09.680><c> of</c><00:57:09.760><c> the</c>

00:57:09.910 --> 00:57:09.920 align:start position:0%
&gt;&gt; But it doesn't come to the top of the
 

00:57:09.920 --> 00:57:10.470 align:start position:0%
&gt;&gt; But it doesn't come to the top of the
head.

00:57:10.470 --> 00:57:10.480 align:start position:0%
head.
 

00:57:10.480 --> 00:57:11.109 align:start position:0%
head.
&gt;&gt; No.

00:57:11.109 --> 00:57:11.119 align:start position:0%
&gt;&gt; No.
 

00:57:11.119 --> 00:57:13.510 align:start position:0%
&gt;&gt; No.
&gt;&gt; Okay.<00:57:11.520><c> Fine.</c><00:57:12.559><c> Now,</c>

00:57:13.510 --> 00:57:13.520 align:start position:0%
&gt;&gt; Okay. Fine. Now,
 

00:57:13.520 --> 00:57:14.950 align:start position:0%
&gt;&gt; Okay. Fine. Now,
&gt;&gt; now<00:57:13.680><c> that</c><00:57:13.839><c> now</c><00:57:14.000><c> that</c><00:57:14.240><c> Okay,</c><00:57:14.480><c> now</c><00:57:14.640><c> that</c><00:57:14.799><c> I've</c>

00:57:14.950 --> 00:57:14.960 align:start position:0%
&gt;&gt; now that now that Okay, now that I've
 

00:57:14.960 --> 00:57:16.390 align:start position:0%
&gt;&gt; now that now that Okay, now that I've
gotten<00:57:15.119><c> that,</c><00:57:15.440><c> no,</c><00:57:15.760><c> now</c><00:57:15.920><c> that</c><00:57:16.000><c> I've</c><00:57:16.240><c> gotten</c>

00:57:16.390 --> 00:57:16.400 align:start position:0%
gotten that, no, now that I've gotten
 

00:57:16.400 --> 00:57:19.030 align:start position:0%
gotten that, no, now that I've gotten
that,<00:57:16.720><c> let's</c><00:57:16.960><c> go</c><00:57:17.119><c> back</c><00:57:17.200><c> to</c><00:57:17.440><c> 1990</c><00:57:18.400><c> and</c><00:57:18.559><c> that</c><00:57:18.720><c> arc</c>

00:57:19.030 --> 00:57:19.040 align:start position:0%
that, let's go back to 1990 and that arc
 

00:57:19.040 --> 00:57:21.270 align:start position:0%
that, let's go back to 1990 and that arc
from<00:57:19.359><c> 90</c><00:57:19.680><c> from</c><00:57:19.839><c> the</c><00:57:20.000><c> fall</c><00:57:20.160><c> of</c><00:57:20.240><c> the</c><00:57:20.319><c> Berlin</c><00:57:20.720><c> Wall</c>

00:57:21.270 --> 00:57:21.280 align:start position:0%
from 90 from the fall of the Berlin Wall
 

00:57:21.280 --> 00:57:22.549 align:start position:0%
from 90 from the fall of the Berlin Wall
to<00:57:21.599><c> 2008.</c>

00:57:22.549 --> 00:57:22.559 align:start position:0%
to 2008.
 

00:57:22.559 --> 00:57:25.510 align:start position:0%
to 2008.
&gt;&gt; Good.<00:57:22.960><c> We</c><00:57:23.200><c> had</c><00:57:24.319><c> we</c><00:57:24.559><c> started</c><00:57:24.880><c> with</c><00:57:25.119><c> the</c>

00:57:25.510 --> 00:57:25.520 align:start position:0%
&gt;&gt; Good. We had we started with the
 

00:57:25.520 --> 00:57:29.030 align:start position:0%
&gt;&gt; Good. We had we started with the
implosion<00:57:26.160><c> in</c><00:57:26.880><c> Tokyo</c><00:57:27.920><c> of</c><00:57:28.160><c> the</c><00:57:28.640><c> Japanese</c>

00:57:29.030 --> 00:57:29.040 align:start position:0%
implosion in Tokyo of the Japanese
 

00:57:29.040 --> 00:57:31.430 align:start position:0%
implosion in Tokyo of the Japanese
economy,<00:57:29.599><c> Japanese</c><00:57:30.000><c> financial</c><00:57:30.400><c> markets.</c><00:57:31.280><c> We</c>

00:57:31.430 --> 00:57:31.440 align:start position:0%
economy, Japanese financial markets. We
 

00:57:31.440 --> 00:57:33.270 align:start position:0%
economy, Japanese financial markets. We
had<00:57:31.599><c> the</c><00:57:31.839><c> huge</c><00:57:32.079><c> run</c><00:57:32.240><c> up</c><00:57:32.400><c> in</c><00:57:32.559><c> in</c><00:57:32.880><c> internet</c>

00:57:33.270 --> 00:57:33.280 align:start position:0%
had the huge run up in in internet
 

00:57:33.280 --> 00:57:35.829 align:start position:0%
had the huge run up in in internet
stocks,<00:57:34.400><c> right?</c><00:57:34.640><c> We</c><00:57:34.799><c> had</c><00:57:34.880><c> the</c><00:57:35.119><c> exp</c><00:57:35.440><c> implosion</c>

00:57:35.829 --> 00:57:35.839 align:start position:0%
stocks, right? We had the exp implosion
 

00:57:35.839 --> 00:57:38.069 align:start position:0%
stocks, right? We had the exp implosion
of<00:57:36.000><c> that</c><00:57:36.240><c> in</c><00:57:36.559><c> 2000.</c>

00:57:38.069 --> 00:57:38.079 align:start position:0%
of that in 2000.
 

00:57:38.079 --> 00:57:40.950 align:start position:0%
of that in 2000.
uh<00:57:38.240><c> the</c><00:57:38.720><c> um</c><00:57:39.520><c> you</c><00:57:39.680><c> know</c><00:57:40.000><c> the</c><00:57:40.240><c> the</c><00:57:40.480><c> the</c>

00:57:40.950 --> 00:57:40.960 align:start position:0%
uh the um you know the the the
 

00:57:40.960 --> 00:57:43.910 align:start position:0%
uh the um you know the the the
bankruptcy<00:57:41.440><c> of</c><00:57:41.599><c> bar</c><00:57:41.839><c> of</c><00:57:42.240><c> uh</c><00:57:42.960><c> of</c><00:57:43.440><c> Drexel</c>

00:57:43.910 --> 00:57:43.920 align:start position:0%
bankruptcy of bar of uh of Drexel
 

00:57:43.920 --> 00:57:45.670 align:start position:0%
bankruptcy of bar of uh of Drexel
Burnham<00:57:44.319><c> in</c><00:57:44.640><c> 90</c>

00:57:45.670 --> 00:57:45.680 align:start position:0%
Burnham in 90
 

00:57:45.680 --> 00:57:48.950 align:start position:0%
Burnham in 90
&gt;&gt; implosion<00:57:46.160><c> of</c><00:57:46.640><c> Japan</c><00:57:47.119><c> huge</c><00:57:47.440><c> runup</c><00:57:47.839><c> in</c><00:57:48.559><c> equity</c>

00:57:48.950 --> 00:57:48.960 align:start position:0%
&gt;&gt; implosion of Japan huge runup in equity
 

00:57:48.960 --> 00:57:50.630 align:start position:0%
&gt;&gt; implosion of Japan huge runup in equity
markets<00:57:49.280><c> for</c><00:57:49.440><c> the</c><00:57:49.599><c> internet</c><00:57:50.000><c> implosion</c><00:57:50.480><c> the</c>

00:57:50.630 --> 00:57:50.640 align:start position:0%
markets for the internet implosion the
 

00:57:50.640 --> 00:57:53.270 align:start position:0%
markets for the internet implosion the
internet<00:57:51.040><c> 2000</c><00:57:51.520><c> 10</c><00:57:51.680><c> years</c><00:57:51.839><c> later</c><00:57:52.160><c> roughly</c>

00:57:53.270 --> 00:57:53.280 align:start position:0%
internet 2000 10 years later roughly
 

00:57:53.280 --> 00:57:55.510 align:start position:0%
internet 2000 10 years later roughly
&gt;&gt; and<00:57:53.520><c> then</c><00:57:53.760><c> this</c><00:57:54.000><c> runup</c><00:57:54.559><c> through</c><00:57:54.799><c> the</c><00:57:54.960><c> Iraq</c><00:57:55.359><c> war</c>

00:57:55.510 --> 00:57:55.520 align:start position:0%
&gt;&gt; and then this runup through the Iraq war
 

00:57:55.520 --> 00:57:57.829 align:start position:0%
&gt;&gt; and then this runup through the Iraq war
and<00:57:55.680><c> all</c><00:57:55.839><c> that</c><00:57:56.000><c> the</c><00:57:56.160><c> runup</c><00:57:56.480><c> to</c><00:57:56.640><c> 2008</c><00:57:57.359><c> every</c><00:57:57.599><c> 10</c>

00:57:57.829 --> 00:57:57.839 align:start position:0%
and all that the runup to 2008 every 10
 

00:57:57.839 --> 00:58:00.309 align:start position:0%
and all that the runup to 2008 every 10
years<00:57:58.079><c> it</c><00:57:58.319><c> seems</c><00:57:58.559><c> like</c><00:57:59.440><c> we're</c><00:57:59.680><c> in</c><00:57:59.920><c> some</c><00:58:00.079><c> sort</c>

00:58:00.309 --> 00:58:00.319 align:start position:0%
years it seems like we're in some sort
 

00:58:00.319 --> 00:58:02.150 align:start position:0%
years it seems like we're in some sort
of

00:58:02.150 --> 00:58:02.160 align:start position:0%
of
 

00:58:02.160 --> 00:58:04.789 align:start position:0%
of
10<00:58:02.400><c> years</c><00:58:02.640><c> before</c><00:58:02.880><c> the</c><00:58:03.200><c> 1990s</c><00:58:03.760><c> was</c><00:58:04.079><c> was</c><00:58:04.240><c> the</c><00:58:04.400><c> 70</c>

00:58:04.789 --> 00:58:04.799 align:start position:0%
10 years before the 1990s was was the 70
 

00:58:04.799 --> 00:58:05.190 align:start position:0%
10 years before the 1990s was was the 70
am<00:58:04.880><c> I</c>

00:58:05.190 --> 00:58:05.200 align:start position:0%
am I
 

00:58:05.200 --> 00:58:07.829 align:start position:0%
am I
&gt;&gt; you<00:58:05.280><c> sound</c><00:58:05.440><c> like</c><00:58:05.599><c> an</c><00:58:05.680><c> astrologer</c><00:58:06.400><c> Okay.</c>

00:58:07.829 --> 00:58:07.839 align:start position:0%
&gt;&gt; you sound like an astrologer Okay.
 

00:58:07.839 --> 00:58:08.549 align:start position:0%
&gt;&gt; you sound like an astrologer Okay.
&gt;&gt; And<00:58:08.000><c> not</c><00:58:08.079><c> a</c><00:58:08.240><c> financial</c>

00:58:08.549 --> 00:58:08.559 align:start position:0%
&gt;&gt; And not a financial
 

00:58:08.559 --> 00:58:09.829 align:start position:0%
&gt;&gt; And not a financial
&gt;&gt; I'm<00:58:08.640><c> just</c><00:58:09.200><c> you're</c><00:58:09.440><c> going</c><00:58:09.520><c> to</c><00:58:09.599><c> be</c><00:58:09.680><c> a</c>

00:58:09.829 --> 00:58:09.839 align:start position:0%
&gt;&gt; I'm just you're going to be a
 

00:58:09.839 --> 00:58:11.190 align:start position:0%
&gt;&gt; I'm just you're going to be a
mathematician.<00:58:10.400><c> It</c><00:58:10.559><c> just</c><00:58:10.640><c> seems</c><00:58:10.799><c> to</c><00:58:10.880><c> me</c><00:58:11.040><c> a</c>

00:58:11.190 --> 00:58:11.200 align:start position:0%
mathematician. It just seems to me a
 

00:58:11.200 --> 00:58:12.470 align:start position:0%
mathematician. It just seems to me a
pattern<00:58:11.440><c> of</c><00:58:11.599><c> every</c><00:58:11.839><c> 10</c><00:58:12.079><c> years.</c>

00:58:12.470 --> 00:58:12.480 align:start position:0%
pattern of every 10 years.
 

00:58:12.480 --> 00:58:14.150 align:start position:0%
pattern of every 10 years.
&gt;&gt; That's<00:58:12.799><c> that's</c><00:58:13.040><c> misleading.</c><00:58:13.599><c> That's</c><00:58:13.839><c> exactly</c>

00:58:14.150 --> 00:58:14.160 align:start position:0%
&gt;&gt; That's that's misleading. That's exactly
 

00:58:14.160 --> 00:58:15.829 align:start position:0%
&gt;&gt; That's that's misleading. That's exactly
right.<00:58:14.640><c> Because</c><00:58:14.880><c> people</c><00:58:15.280><c> like</c><00:58:15.440><c> to</c><00:58:15.680><c> see</c>

00:58:15.829 --> 00:58:15.839 align:start position:0%
right. Because people like to see
 

00:58:15.839 --> 00:58:17.190 align:start position:0%
right. Because people like to see
patterns.<00:58:16.240><c> People</c><00:58:16.480><c> like</c><00:58:16.640><c> to</c><00:58:16.720><c> see</c><00:58:16.880><c> patterns</c>

00:58:17.190 --> 00:58:17.200 align:start position:0%
patterns. People like to see patterns
 

00:58:17.200 --> 00:58:18.710 align:start position:0%
patterns. People like to see patterns
where<00:58:17.440><c> there</c><00:58:17.599><c> are</c><00:58:17.839><c> none.</c>

00:58:18.710 --> 00:58:18.720 align:start position:0%
where there are none.
 

00:58:18.720 --> 00:58:20.630 align:start position:0%
where there are none.
&gt;&gt; So<00:58:18.880><c> a</c><00:58:19.040><c> pattern</c><00:58:19.280><c> of</c><00:58:19.440><c> a</c><00:58:19.680><c> financial</c><00:58:20.000><c> crisis</c><00:58:20.400><c> every</c>

00:58:20.630 --> 00:58:20.640 align:start position:0%
&gt;&gt; So a pattern of a financial crisis every
 

00:58:20.640 --> 00:58:22.309 align:start position:0%
&gt;&gt; So a pattern of a financial crisis every
10<00:58:20.880><c> years</c><00:58:21.040><c> is</c><00:58:21.280><c> just</c><00:58:21.440><c> in</c><00:58:21.599><c> my</c><00:58:21.760><c> mind.</c>

00:58:22.309 --> 00:58:22.319 align:start position:0%
10 years is just in my mind.
 

00:58:22.319 --> 00:58:23.910 align:start position:0%
10 years is just in my mind.
&gt;&gt; Yes.

00:58:23.910 --> 00:58:23.920 align:start position:0%
&gt;&gt; Yes.
 

00:58:23.920 --> 00:58:26.230 align:start position:0%
&gt;&gt; Yes.
Long-term<00:58:24.559><c> capital.</c><00:58:25.200><c> Long-term</c><00:58:25.680><c> capital</c>

00:58:26.230 --> 00:58:26.240 align:start position:0%
Long-term capital. Long-term capital
 

00:58:26.240 --> 00:58:28.710 align:start position:0%
Long-term capital. Long-term capital
that<00:58:26.319><c> had</c><00:58:26.480><c> to</c><00:58:26.559><c> be</c><00:58:26.640><c> bailed</c><00:58:26.960><c> out</c><00:58:28.160><c> back</c><00:58:28.400><c> in</c><00:58:28.559><c> the</c>

00:58:28.710 --> 00:58:28.720 align:start position:0%
that had to be bailed out back in the
 

00:58:28.720 --> 00:58:30.870 align:start position:0%
that had to be bailed out back in the
late<00:58:28.960><c> 90s</c><00:58:29.680><c> when</c><00:58:30.000><c> everybody</c><00:58:30.319><c> panicked.</c><00:58:30.720><c> And</c>

00:58:30.870 --> 00:58:30.880 align:start position:0%
late 90s when everybody panicked. And
 

00:58:30.880 --> 00:58:32.390 align:start position:0%
late 90s when everybody panicked. And
that<00:58:31.040><c> wasn't</c><00:58:31.119><c> a</c><00:58:31.280><c> big</c><00:58:31.599><c> that</c><00:58:31.760><c> bailout</c><00:58:32.160><c> today</c>

00:58:32.390 --> 00:58:32.400 align:start position:0%
that wasn't a big that bailout today
 

00:58:32.400 --> 00:58:34.549 align:start position:0%
that wasn't a big that bailout today
would<00:58:32.640><c> look</c><00:58:32.799><c> small</c><00:58:33.119><c> and</c><00:58:33.520><c> was</c><00:58:33.680><c> it</c><00:58:33.839><c> $5</c><00:58:34.079><c> billion</c>

00:58:34.549 --> 00:58:34.559 align:start position:0%
would look small and was it $5 billion
 

00:58:34.559 --> 00:58:36.950 align:start position:0%
would look small and was it $5 billion
or<00:58:34.799><c> was</c><00:58:35.839><c> $30</c><00:58:36.079><c> billion.</c>

00:58:36.950 --> 00:58:36.960 align:start position:0%
or was $30 billion.
 

00:58:36.960 --> 00:58:39.670 align:start position:0%
or was $30 billion.
&gt;&gt; People<00:58:37.599><c> businesses</c><00:58:38.079><c> fail</c><00:58:38.319><c> all</c><00:58:38.559><c> the</c><00:58:38.720><c> time,</c>

00:58:39.670 --> 00:58:39.680 align:start position:0%
&gt;&gt; People businesses fail all the time,
 

00:58:39.680 --> 00:58:41.910 align:start position:0%
&gt;&gt; People businesses fail all the time,
&gt;&gt; but<00:58:39.839><c> they</c><00:58:40.079><c> long-term</c><00:58:40.640><c> capital.</c><00:58:41.280><c> The</c><00:58:41.599><c> Federal</c>

00:58:41.910 --> 00:58:41.920 align:start position:0%
&gt;&gt; but they long-term capital. The Federal
 

00:58:41.920 --> 00:58:42.789 align:start position:0%
&gt;&gt; but they long-term capital. The Federal
Reserve<00:58:42.240><c> stepped</c><00:58:42.480><c> in.</c>

00:58:42.789 --> 00:58:42.799 align:start position:0%
Reserve stepped in.
 

00:58:42.799 --> 00:58:44.789 align:start position:0%
Reserve stepped in.
&gt;&gt; But<00:58:42.960><c> I'm</c><00:58:43.119><c> saying</c><00:58:43.200><c> they</c><00:58:43.440><c> f</c><00:58:43.760><c> things</c><00:58:44.240><c> people</c><00:58:44.559><c> go</c>

00:58:44.789 --> 00:58:44.799 align:start position:0%
&gt;&gt; But I'm saying they f things people go
 

00:58:44.799 --> 00:58:47.589 align:start position:0%
&gt;&gt; But I'm saying they f things people go
bad.<00:58:45.680><c> Things</c><00:58:46.000><c> go</c><00:58:46.240><c> bad</c><00:58:46.640><c> all</c><00:58:46.799><c> the</c><00:58:46.960><c> time.</c>

00:58:47.589 --> 00:58:47.599 align:start position:0%
bad. Things go bad all the time.
 

00:58:47.599 --> 00:58:50.309 align:start position:0%
bad. Things go bad all the time.
&gt;&gt; Yes.<00:58:47.839><c> The</c><00:58:48.000><c> the</c><00:58:48.079><c> the</c><00:58:48.559><c> local,</c><00:58:49.359><c> you're</c><00:58:49.680><c> correct.</c>

00:58:50.309 --> 00:58:50.319 align:start position:0%
&gt;&gt; Yes. The the the local, you're correct.
 

00:58:50.319 --> 00:58:52.069 align:start position:0%
&gt;&gt; Yes. The the the local, you're correct.
The<00:58:50.559><c> audiences</c><00:58:51.200><c> watching</c><00:58:51.440><c> this,</c><00:58:51.680><c> the</c><00:58:51.920><c> little</c>

00:58:52.069 --> 00:58:52.079 align:start position:0%
The audiences watching this, the little
 

00:58:52.079 --> 00:58:53.750 align:start position:0%
The audiences watching this, the little
guys,<00:58:52.480><c> they</c><00:58:52.640><c> go</c><00:58:52.799><c> bankrupt</c><00:58:53.200><c> all</c><00:58:53.359><c> the</c><00:58:53.440><c> time</c><00:58:53.520><c> and</c>

00:58:53.750 --> 00:58:53.760 align:start position:0%
guys, they go bankrupt all the time and
 

00:58:53.760 --> 00:58:55.349 align:start position:0%
guys, they go bankrupt all the time and
nobody<00:58:54.000><c> gives</c><00:58:54.160><c> a</c><00:58:54.319><c> [&nbsp;__&nbsp;]</c><00:58:54.720><c> You</c><00:58:54.880><c> know</c><00:58:55.040><c> why?</c>

00:58:55.349 --> 00:58:55.359 align:start position:0%
nobody gives a [&nbsp;__&nbsp;] You know why?
 

00:58:55.359 --> 00:58:57.510 align:start position:0%
nobody gives a [&nbsp;__&nbsp;] You know why?
They're<00:58:55.520><c> a</c><00:58:55.599><c> little</c><00:58:55.839><c> guy.</c><00:58:56.640><c> But</c><00:58:56.799><c> when</c><00:58:57.040><c> long-term</c>

00:58:57.510 --> 00:58:57.520 align:start position:0%
They're a little guy. But when long-term
 

00:58:57.520 --> 00:58:59.430 align:start position:0%
They're a little guy. But when long-term
capital<00:58:57.920><c> management</c><00:58:58.400><c> goes</c><00:58:58.640><c> bankrupt</c><00:58:58.960><c> or</c><00:58:59.200><c> Bear</c>

00:58:59.430 --> 00:58:59.440 align:start position:0%
capital management goes bankrupt or Bear
 

00:58:59.440 --> 00:59:01.030 align:start position:0%
capital management goes bankrupt or Bear
Sterns<00:58:59.839><c> goes</c><00:59:00.000><c> bankrupt</c><00:59:00.319><c> or</c><00:59:00.480><c> Leman</c><00:59:00.799><c> Brothers</c>

00:59:01.030 --> 00:59:01.040 align:start position:0%
Sterns goes bankrupt or Leman Brothers
 

00:59:01.040 --> 00:59:03.750 align:start position:0%
Sterns goes bankrupt or Leman Brothers
goes<00:59:01.280><c> bankrupt,</c><00:59:02.000><c> people</c><00:59:02.319><c> care</c><00:59:02.720><c> because</c><00:59:03.119><c> it</c>

00:59:03.750 --> 00:59:03.760 align:start position:0%
goes bankrupt, people care because it
 

00:59:03.760 --> 00:59:05.670 align:start position:0%
goes bankrupt, people care because it
&gt;&gt; it's<00:59:03.920><c> a</c><00:59:04.000><c> it's</c><00:59:04.240><c> an</c><00:59:04.400><c> unfair</c><00:59:04.799><c> characterization.</c>

00:59:05.670 --> 00:59:05.680 align:start position:0%
&gt;&gt; it's a it's an unfair characterization.
 

00:59:05.680 --> 00:59:06.309 align:start position:0%
&gt;&gt; it's a it's an unfair characterization.
&gt;&gt; Why<00:59:05.839><c> do</c><00:59:05.920><c> you</c><00:59:06.000><c> say</c><00:59:06.160><c> that?</c>

00:59:06.309 --> 00:59:06.319 align:start position:0%
&gt;&gt; Why do you say that?
 

00:59:06.319 --> 00:59:08.069 align:start position:0%
&gt;&gt; Why do you say that?
&gt;&gt; Because<00:59:06.559><c> again</c><00:59:06.799><c> it's</c><00:59:07.040><c> the</c><00:59:07.280><c> complexity</c><00:59:07.760><c> of</c><00:59:07.839><c> the</c>

00:59:08.069 --> 00:59:08.079 align:start position:0%
&gt;&gt; Because again it's the complexity of the
 

00:59:08.079 --> 00:59:10.630 align:start position:0%
&gt;&gt; Because again it's the complexity of the
situation.<00:59:08.480><c> If</c><00:59:08.640><c> you</c><00:59:08.799><c> think</c><00:59:08.960><c> about</c><00:59:09.119><c> the</c>

00:59:10.630 --> 00:59:10.640 align:start position:0%
situation. If you think about the
 

00:59:10.640 --> 00:59:12.390 align:start position:0%
situation. If you think about the
think<00:59:10.880><c> you</c><00:59:11.119><c> have</c><00:59:11.200><c> a</c><00:59:11.359><c> complex</c><00:59:11.760><c> system</c><00:59:12.079><c> you</c><00:59:12.319><c> have</c>

00:59:12.390 --> 00:59:12.400 align:start position:0%
think you have a complex system you have
 

00:59:12.400 --> 00:59:14.870 align:start position:0%
think you have a complex system you have
your<00:59:12.640><c> body</c><00:59:13.200><c> now</c><00:59:13.520><c> in</c><00:59:13.680><c> fact</c><00:59:14.000><c> the</c><00:59:14.240><c> little</c><00:59:14.480><c> guy</c><00:59:14.640><c> is</c>

00:59:14.870 --> 00:59:14.880 align:start position:0%
your body now in fact the little guy is
 

00:59:14.880 --> 00:59:16.549 align:start position:0%
your body now in fact the little guy is
my<00:59:15.040><c> finger.</c>

00:59:16.549 --> 00:59:16.559 align:start position:0%
my finger.
 

00:59:16.559 --> 00:59:17.589 align:start position:0%
my finger.
This<00:59:16.799><c> this</c><00:59:17.119><c> is</c>

00:59:17.589 --> 00:59:17.599 align:start position:0%
This this is
 

00:59:17.599 --> 00:59:19.109 align:start position:0%
This this is
&gt;&gt; and<00:59:17.760><c> Bear</c><00:59:18.000><c> Sterns</c><00:59:18.319><c> is</c><00:59:18.480><c> your</c><00:59:18.640><c> heart.</c>

00:59:19.109 --> 00:59:19.119 align:start position:0%
&gt;&gt; and Bear Sterns is your heart.
 

00:59:19.119 --> 00:59:21.190 align:start position:0%
&gt;&gt; and Bear Sterns is your heart.
&gt;&gt; That's<00:59:19.280><c> correct.</c><00:59:19.839><c> The</c><00:59:20.079><c> banking</c><00:59:20.480><c> system</c><00:59:20.720><c> is</c><00:59:20.960><c> my</c>

00:59:21.190 --> 00:59:21.200 align:start position:0%
&gt;&gt; That's correct. The banking system is my
 

00:59:21.200 --> 00:59:23.910 align:start position:0%
&gt;&gt; That's correct. The banking system is my
heart.<00:59:22.160><c> the</c><00:59:22.480><c> system.</c><00:59:22.799><c> I</c><00:59:23.040><c> can't</c><00:59:23.200><c> risk</c><00:59:23.440><c> my</c><00:59:23.599><c> my</c>

00:59:23.910 --> 00:59:23.920 align:start position:0%
heart. the system. I can't risk my my
 

00:59:23.920 --> 00:59:25.109 align:start position:0%
heart. the system. I can't risk my my
because<00:59:24.160><c> remember</c><00:59:24.400><c> it's</c><00:59:24.559><c> not</c><00:59:24.640><c> only</c>

00:59:25.109 --> 00:59:25.119 align:start position:0%
because remember it's not only
 

00:59:25.119 --> 00:59:26.870 align:start position:0%
because remember it's not only
&gt;&gt; you<00:59:25.359><c> haven't</c><00:59:25.520><c> been</c><00:59:25.680><c> able</c><00:59:25.839><c> to</c><00:59:25.920><c> name</c><00:59:26.799><c> you</c>

00:59:26.870 --> 00:59:26.880 align:start position:0%
&gt;&gt; you haven't been able to name you
 

00:59:26.880 --> 00:59:28.710 align:start position:0%
&gt;&gt; you haven't been able to name you
haven't<00:59:27.599><c> hang</c><00:59:27.760><c> on</c><00:59:27.920><c> no</c><00:59:28.079><c> hang</c>

00:59:28.710 --> 00:59:28.720 align:start position:0%
haven't hang on no hang
 

00:59:28.720 --> 00:59:29.829 align:start position:0%
haven't hang on no hang
&gt;&gt; I<00:59:28.880><c> was</c><00:59:28.960><c> trying</c><00:59:29.040><c> to</c><00:59:29.200><c> hang</c><00:59:29.359><c> I</c><00:59:29.440><c> wanted</c><00:59:29.599><c> to</c><00:59:29.680><c> see</c><00:59:29.760><c> if</c>

00:59:29.829 --> 00:59:29.839 align:start position:0%
&gt;&gt; I was trying to hang I wanted to see if
 

00:59:29.839 --> 00:59:30.789 align:start position:0%
&gt;&gt; I was trying to hang I wanted to see if
the<00:59:29.920><c> hang</c><00:59:30.079><c> on</c><00:59:30.240><c> worked</c>

00:59:30.789 --> 00:59:30.799 align:start position:0%
the hang on worked
 

00:59:30.799 --> 00:59:31.910 align:start position:0%
the hang on worked
&gt;&gt; you<00:59:30.960><c> haven't</c><00:59:31.119><c> been</c><00:59:31.200><c> able</c><00:59:31.440><c> you're</c><00:59:31.680><c> not</c><00:59:31.760><c> good</c>

00:59:31.910 --> 00:59:31.920 align:start position:0%
&gt;&gt; you haven't been able you're not good
 

00:59:31.920 --> 00:59:34.230 align:start position:0%
&gt;&gt; you haven't been able you're not good
enough<00:59:32.160><c> yet</c><00:59:32.960><c> you're</c><00:59:33.200><c> like</c><00:59:33.359><c> junior</c><00:59:33.920><c> junior</c>

00:59:34.230 --> 00:59:34.240 align:start position:0%
enough yet you're like junior junior
 

00:59:34.240 --> 00:59:36.309 align:start position:0%
enough yet you're like junior junior
wizard<00:59:34.640><c> trying</c><00:59:34.720><c> to</c><00:59:34.880><c> do</c><00:59:34.960><c> it</c><00:59:35.440><c> you</c><00:59:35.680><c> you</c><00:59:36.000><c> haven't</c>

00:59:36.309 --> 00:59:36.319 align:start position:0%
wizard trying to do it you you haven't
 

00:59:36.319 --> 00:59:38.549 align:start position:0%
wizard trying to do it you you haven't
you<00:59:36.559><c> haven't</c><00:59:36.880><c> I</c><00:59:37.040><c> say</c><00:59:37.440><c> since</c><00:59:37.680><c> we</c><00:59:37.920><c> can't</c><00:59:38.160><c> name</c>

00:59:38.549 --> 00:59:38.559 align:start position:0%
you haven't I say since we can't name
 

00:59:38.559 --> 00:59:41.030 align:start position:0%
you haven't I say since we can't name
another<00:59:38.960><c> guy</c><00:59:39.119><c> that's</c><00:59:39.520><c> as</c><00:59:39.680><c> as</c><00:59:39.760><c> as</c><00:59:40.319><c> good</c><00:59:40.480><c> as</c><00:59:40.640><c> you</c>

00:59:41.030 --> 00:59:41.040 align:start position:0%
another guy that's as as as good as you
 

00:59:41.040 --> 00:59:42.069 align:start position:0%
another guy that's as as as good as you
there<00:59:41.200><c> may</c><00:59:41.280><c> be</c><00:59:41.359><c> a</c><00:59:41.520><c> couple</c><00:59:41.680><c> out</c><00:59:41.760><c> there</c><00:59:42.000><c> you're</c>

00:59:42.069 --> 00:59:42.079 align:start position:0%
there may be a couple out there you're
 

00:59:42.079 --> 00:59:43.510 align:start position:0%
there may be a couple out there you're
not<00:59:42.240><c> you're</c><00:59:42.480><c> not</c><00:59:42.640><c> bragging</c><00:59:43.119><c> you're</c><00:59:43.200><c> you're</c>

00:59:43.510 --> 00:59:43.520 align:start position:0%
not you're not bragging you're you're
 

00:59:43.520 --> 00:59:45.750 align:start position:0%
not you're not bragging you're you're
humble

00:59:45.750 --> 00:59:45.760 align:start position:0%
humble
 

00:59:45.760 --> 00:59:48.150 align:start position:0%
humble
&gt;&gt; it<00:59:46.000><c> had</c><00:59:46.240><c> to</c><00:59:46.400><c> be</c><00:59:46.559><c> sometime</c><00:59:47.200><c> please</c><00:59:47.599><c> tell</c><00:59:47.839><c> me</c>

00:59:48.150 --> 00:59:48.160 align:start position:0%
&gt;&gt; it had to be sometime please tell me
 

00:59:48.160 --> 00:59:51.589 align:start position:0%
&gt;&gt; it had to be sometime please tell me
there<00:59:48.400><c> was</c><00:59:48.559><c> some</c><00:59:48.799><c> time</c><00:59:49.760><c> before</c><00:59:50.960><c> you</c><00:59:51.200><c> went</c><00:59:51.359><c> to</c>

00:59:51.589 --> 00:59:51.599 align:start position:0%
there was some time before you went to
 

00:59:51.599 --> 00:59:53.430 align:start position:0%
there was some time before you went to
jail<00:59:51.920><c> and</c><00:59:52.079><c> and</c><00:59:52.160><c> and</c><00:59:52.640><c> basically</c><00:59:52.960><c> got</c><00:59:53.119><c> cut</c><00:59:53.280><c> off</c>

00:59:53.430 --> 00:59:53.440 align:start position:0%
jail and and and basically got cut off
 

00:59:53.440 --> 00:59:55.190 align:start position:0%
jail and and and basically got cut off
from<00:59:53.599><c> daily</c><00:59:53.920><c> information</c><00:59:54.400><c> in</c><00:59:54.640><c> the</c><00:59:54.799><c> summer</c><00:59:54.960><c> of</c>

00:59:55.190 --> 00:59:55.200 align:start position:0%
from daily information in the summer of
 

00:59:55.200 --> 00:59:58.870 align:start position:0%
from daily information in the summer of
2008.<00:59:56.640><c> Um</c><00:59:57.680><c> that</c><00:59:57.920><c> you</c><00:59:58.160><c> started</c><00:59:58.400><c> to</c><00:59:58.480><c> get</c><00:59:58.640><c> very</c>

00:59:58.870 --> 00:59:58.880 align:start position:0%
2008. Um that you started to get very
 

00:59:58.880 --> 01:00:01.910 align:start position:0%
2008. Um that you started to get very
nervous<01:00:00.240><c> that</c><01:00:00.559><c> this</c><01:00:00.880><c> complex</c><01:00:01.280><c> system</c><01:00:01.599><c> that</c>

01:00:01.910 --> 01:00:01.920 align:start position:0%
nervous that this complex system that
 

01:00:01.920 --> 01:00:04.150 align:start position:0%
nervous that this complex system that
something<01:00:02.160><c> was</c><01:00:02.319><c> deeply</c><01:00:02.720><c> wrong.</c>

01:00:04.150 --> 01:00:04.160 align:start position:0%
something was deeply wrong.
 

01:00:04.160 --> 01:00:07.030 align:start position:0%
something was deeply wrong.
&gt;&gt; Okay,<01:00:04.559><c> first</c><01:00:05.280><c> let's</c><01:00:05.520><c> go</c><01:00:05.680><c> back.</c><01:00:06.000><c> When</c><01:00:06.160><c> I</c><01:00:06.400><c> say</c><01:00:06.799><c> no</c>

01:00:07.030 --> 01:00:07.040 align:start position:0%
&gt;&gt; Okay, first let's go back. When I say no
 

01:00:07.040 --> 01:00:09.030 align:start position:0%
&gt;&gt; Okay, first let's go back. When I say no
one<01:00:07.280><c> understands</c><01:00:07.760><c> the</c><01:00:08.079><c> system</c><01:00:08.319><c> better</c><01:00:08.640><c> than</c><01:00:08.799><c> I</c>

01:00:09.030 --> 01:00:09.040 align:start position:0%
one understands the system better than I
 

01:00:09.040 --> 01:00:10.309 align:start position:0%
one understands the system better than I
do,<01:00:09.520><c> it</c><01:00:09.760><c> doesn't</c><01:00:09.920><c> mean</c><01:00:10.000><c> I</c>

01:00:10.309 --> 01:00:10.319 align:start position:0%
do, it doesn't mean I
 

01:00:10.319 --> 01:00:11.270 align:start position:0%
do, it doesn't mean I
&gt;&gt; You<01:00:10.400><c> always</c><01:00:10.640><c> sound</c><01:00:10.720><c> like</c><01:00:10.799><c> a</c><01:00:10.960><c> doctor</c><01:00:11.200><c> you're</c>

01:00:11.270 --> 01:00:11.280 align:start position:0%
&gt;&gt; You always sound like a doctor you're
 

01:00:11.280 --> 01:00:12.789 align:start position:0%
&gt;&gt; You always sound like a doctor you're
afraid<01:00:11.520><c> is</c><01:00:11.680><c> going</c><01:00:11.760><c> to</c><01:00:11.839><c> get</c><01:00:12.000><c> sued</c><01:00:12.240><c> for</c><01:00:12.400><c> giving</c><01:00:12.640><c> a</c>

01:00:12.789 --> 01:00:12.799 align:start position:0%
afraid is going to get sued for giving a
 

01:00:12.799 --> 01:00:14.710 align:start position:0%
afraid is going to get sued for giving a
a<01:00:12.960><c> thing.</c><01:00:13.280><c> You're</c><01:00:13.359><c> not</c><01:00:14.000><c> you're</c><01:00:14.160><c> not</c><01:00:14.319><c> taking</c><01:00:14.480><c> on</c>

01:00:14.710 --> 01:00:14.720 align:start position:0%
a thing. You're not you're not taking on
 

01:00:14.720 --> 01:00:16.630 align:start position:0%
a thing. You're not you're not taking on
any<01:00:14.960><c> liability.</c><01:00:15.760><c> There's</c><01:00:16.000><c> no</c><01:00:16.160><c> contingent</c>

01:00:16.630 --> 01:00:16.640 align:start position:0%
any liability. There's no contingent
 

01:00:16.640 --> 01:00:17.750 align:start position:0%
any liability. There's no contingent
liability<01:00:17.119><c> here</c><01:00:17.280><c> for</c><01:00:17.440><c> your</c>

01:00:17.750 --> 01:00:17.760 align:start position:0%
liability here for your
 

01:00:17.760 --> 01:00:19.430 align:start position:0%
liability here for your
&gt;&gt; No,<01:00:17.920><c> no,</c><01:00:18.079><c> no.</c><01:00:18.240><c> But</c><01:00:18.400><c> the</c><01:00:18.559><c> word</c><01:00:18.799><c> understand</c><01:00:19.200><c> is</c>

01:00:19.430 --> 01:00:19.440 align:start position:0%
&gt;&gt; No, no, no. But the word understand is
 

01:00:19.440 --> 01:00:21.270 align:start position:0%
&gt;&gt; No, no, no. But the word understand is
the<01:00:19.599><c> problem.</c><01:00:20.160><c> I</c><01:00:20.480><c> don't</c><01:00:20.640><c> understand</c><01:00:20.960><c> the</c>

01:00:21.270 --> 01:00:21.280 align:start position:0%
the problem. I don't understand the
 

01:00:21.280 --> 01:00:24.150 align:start position:0%
the problem. I don't understand the
system.<01:00:22.480><c> So</c><01:00:22.640><c> that's</c><01:00:23.200><c> I</c><01:00:23.520><c> don't</c><01:00:23.760><c> understand</c><01:00:23.920><c> the</c>

01:00:24.150 --> 01:00:24.160 align:start position:0%
system. So that's I don't understand the
 

01:00:24.160 --> 01:00:24.789 align:start position:0%
system. So that's I don't understand the
financial<01:00:24.400><c> system.</c>

01:00:24.789 --> 01:00:24.799 align:start position:0%
financial system.
 

01:00:24.799 --> 01:00:26.549 align:start position:0%
financial system.
&gt;&gt; Please<01:00:25.040><c> stop.</c><01:00:25.280><c> You</c><01:00:25.520><c> cannot</c><01:00:25.839><c> sit</c><01:00:26.079><c> here</c><01:00:26.240><c> and</c>

01:00:26.549 --> 01:00:26.559 align:start position:0%
&gt;&gt; Please stop. You cannot sit here and
 

01:00:26.559 --> 01:00:28.950 align:start position:0%
&gt;&gt; Please stop. You cannot sit here and
tell<01:00:26.720><c> me</c><01:00:27.680><c> what</c><01:00:28.000><c> we</c><01:00:28.240><c> just</c><01:00:28.400><c> went</c><01:00:28.480><c> through.</c><01:00:28.720><c> I'll</c>

01:00:28.950 --> 01:00:28.960 align:start position:0%
tell me what we just went through. I'll
 

01:00:28.960 --> 01:00:30.069 align:start position:0%
tell me what we just went through. I'll
go<01:00:29.040><c> through</c><01:00:29.200><c> again</c><01:00:29.440><c> the</c><01:00:29.599><c> hedge</c><01:00:29.839><c> fund</c>

01:00:30.069 --> 01:00:30.079 align:start position:0%
go through again the hedge fund
 

01:00:30.079 --> 01:00:31.750 align:start position:0%
go through again the hedge fund
managers,<01:00:30.559><c> the</c><01:00:30.720><c> money</c><01:00:30.960><c> managers,</c><01:00:31.520><c> the</c>

01:00:31.750 --> 01:00:31.760 align:start position:0%
managers, the money managers, the
 

01:00:31.760 --> 01:00:33.990 align:start position:0%
managers, the money managers, the
central<01:00:32.079><c> bankers,</c><01:00:32.960><c> the</c><01:00:33.200><c> commercial</c><01:00:33.599><c> bankers,</c>

01:00:33.990 --> 01:00:34.000 align:start position:0%
central bankers, the commercial bankers,
 

01:00:34.000 --> 01:00:35.270 align:start position:0%
central bankers, the commercial bankers,
the<01:00:34.160><c> heads</c><01:00:34.319><c> of</c><01:00:34.400><c> the</c><01:00:34.559><c> investment</c><01:00:34.799><c> banks,</c><01:00:35.119><c> the</c>

01:00:35.270 --> 01:00:35.280 align:start position:0%
the heads of the investment banks, the
 

01:00:35.280 --> 01:00:37.750 align:start position:0%
the heads of the investment banks, the
heads<01:00:35.440><c> of</c><01:00:35.520><c> all</c><01:00:35.680><c> the</c><01:00:35.760><c> trading</c><01:00:36.079><c> desks,</c><01:00:36.720><c> the</c><01:00:36.960><c> top</c>

01:00:37.750 --> 01:00:37.760 align:start position:0%
heads of all the trading desks, the top
 

01:00:37.760 --> 01:00:39.510 align:start position:0%
heads of all the trading desks, the top
uh<01:00:38.079><c> economists,</c><01:00:38.720><c> and</c><01:00:38.880><c> I'll</c><01:00:39.040><c> throw</c><01:00:39.200><c> in</c><01:00:39.359><c> the</c>

01:00:39.510 --> 01:00:39.520 align:start position:0%
uh economists, and I'll throw in the
 

01:00:39.520 --> 01:00:41.589 align:start position:0%
uh economists, and I'll throw in the
business<01:00:39.839><c> school</c><01:00:40.480><c> lectures</c><01:00:40.880><c> of</c><01:00:41.040><c> Stanford.</c><01:00:41.440><c> Of</c>

01:00:41.589 --> 01:00:41.599 align:start position:0%
business school lectures of Stanford. Of
 

01:00:41.599 --> 01:00:44.630 align:start position:0%
business school lectures of Stanford. Of
all<01:00:41.760><c> the</c><01:00:41.920><c> top</c><01:00:42.240><c> 200,</c><01:00:42.720><c> 250,</c><01:00:43.920><c> you</c><01:00:44.079><c> can't</c><01:00:44.319><c> name</c><01:00:44.559><c> off</c>

01:00:44.630 --> 01:00:44.640 align:start position:0%
all the top 200, 250, you can't name off
 

01:00:44.640 --> 01:00:46.549 align:start position:0%
all the top 200, 250, you can't name off
the<01:00:44.799><c> top</c><01:00:44.880><c> of</c><01:00:44.960><c> your</c><01:00:45.119><c> head.</c><01:00:46.000><c> The</c><01:00:46.240><c> guys</c><01:00:46.400><c> are</c><01:00:46.559><c> at</c>

01:00:46.549 --> 01:00:46.559 align:start position:0%
the top of your head. The guys are at
 

01:00:46.559 --> 01:00:48.549 align:start position:0%
the top of your head. The guys are at
least<01:00:46.799><c> at</c><01:00:47.040><c> your</c><01:00:47.200><c> level.</c><01:00:47.760><c> You</c><01:00:48.079><c> have</c><01:00:48.319><c> to</c>

01:00:48.549 --> 01:00:48.559 align:start position:0%
least at your level. You have to
 

01:00:48.559 --> 01:00:50.950 align:start position:0%
least at your level. You have to
understand<01:00:48.960><c> it</c><01:00:49.440><c> somewhat.</c>

01:00:50.950 --> 01:00:50.960 align:start position:0%
understand it somewhat.
 

01:00:50.960 --> 01:00:54.950 align:start position:0%
understand it somewhat.
&gt;&gt; No,<01:00:52.319><c> sorry.</c><01:00:52.720><c> We</c><01:00:53.040><c> all</c><01:00:53.280><c> don't</c><01:00:53.520><c> understand</c><01:00:53.920><c> it.</c>

01:00:54.950 --> 01:00:54.960 align:start position:0%
&gt;&gt; No, sorry. We all don't understand it.
 

01:00:54.960 --> 01:00:58.150 align:start position:0%
&gt;&gt; No, sorry. We all don't understand it.
No<01:00:55.200><c> one</c><01:00:55.440><c> understands</c><01:00:55.920><c> it.</c><01:00:56.160><c> It's</c><01:00:56.400><c> a</c><01:00:56.559><c> miracle.</c>

01:00:58.150 --> 01:00:58.160 align:start position:0%
No one understands it. It's a miracle.
 

01:00:58.160 --> 01:01:00.069 align:start position:0%
No one understands it. It's a miracle.
It's<01:00:58.400><c> this</c><01:00:58.640><c> this</c><01:00:58.880><c> that's</c><01:00:59.119><c> part</c><01:00:59.359><c> of</c><01:00:59.440><c> the</c>

01:01:00.069 --> 01:01:00.079 align:start position:0%
It's this this that's part of the
 

01:01:00.079 --> 01:01:03.190 align:start position:0%
It's this this that's part of the
problem.<01:01:00.960><c> It's</c><01:01:01.359><c> impossible</c><01:01:02.000><c> to</c><01:01:02.400><c> understand.</c>

01:01:03.190 --> 01:01:03.200 align:start position:0%
problem. It's impossible to understand.
 

01:01:03.200 --> 01:01:05.750 align:start position:0%
problem. It's impossible to understand.
That<01:01:03.440><c> word</c><01:01:03.760><c> understand</c><01:01:04.559><c> simply</c><01:01:04.960><c> means</c><01:01:05.440><c> if</c>

01:01:05.750 --> 01:01:05.760 align:start position:0%
That word understand simply means if
 

01:01:05.760 --> 01:01:08.549 align:start position:0%
That word understand simply means if
this<01:01:06.240><c> happens</c><01:01:06.720><c> here,</c><01:01:07.599><c> that</c><01:01:07.920><c> will</c><01:01:08.160><c> happen</c>

01:01:08.549 --> 01:01:08.559 align:start position:0%
this happens here, that will happen
 

01:01:08.559 --> 01:01:10.950 align:start position:0%
this happens here, that will happen
there.<01:01:08.960><c> It's</c><01:01:09.280><c> predictable.</c><01:01:10.240><c> Understanding</c>

01:01:10.950 --> 01:01:10.960 align:start position:0%
there. It's predictable. Understanding
 

01:01:10.960 --> 01:01:12.710 align:start position:0%
there. It's predictable. Understanding
means<01:01:11.280><c> it's</c><01:01:11.599><c> predictable.</c><01:01:12.400><c> It's</c><01:01:12.559><c> not</c>

01:01:12.710 --> 01:01:12.720 align:start position:0%
means it's predictable. It's not
 

01:01:12.720 --> 01:01:14.309 align:start position:0%
means it's predictable. It's not
predictable.<01:01:13.359><c> That's</c><01:01:13.599><c> the</c><01:01:13.760><c> problem.</c><01:01:14.079><c> It's</c>

01:01:14.309 --> 01:01:14.319 align:start position:0%
predictable. That's the problem. It's
 

01:01:14.319 --> 01:01:16.710 align:start position:0%
predictable. That's the problem. It's
very<01:01:14.960><c> in</c><01:01:15.200><c> complex</c><01:01:15.680><c> systems.</c><01:01:16.079><c> That</c><01:01:16.319><c> was</c><01:01:16.480><c> the</c>

01:01:16.710 --> 01:01:16.720 align:start position:0%
very in complex systems. That was the
 

01:01:16.720 --> 01:01:19.030 align:start position:0%
very in complex systems. That was the
fascination.<01:01:17.599><c> Is</c><01:01:17.839><c> there</c><01:01:17.920><c> a</c><01:01:18.160><c> way</c><01:01:18.240><c> to</c><01:01:18.400><c> tease</c><01:01:18.720><c> out</c>

01:01:19.030 --> 01:01:19.040 align:start position:0%
fascination. Is there a way to tease out
 

01:01:19.040 --> 01:01:21.349 align:start position:0%
fascination. Is there a way to tease out
some<01:01:19.520><c> level</c><01:01:19.760><c> of</c><01:01:20.000><c> predictability?</c>

01:01:21.349 --> 01:01:21.359 align:start position:0%
some level of predictability?
 

01:01:21.359 --> 01:01:22.069 align:start position:0%
some level of predictability?
&gt;&gt; So,

01:01:22.069 --> 01:01:22.079 align:start position:0%
&gt;&gt; So,
 

01:01:22.079 --> 01:01:23.829 align:start position:0%
&gt;&gt; So,
&gt;&gt; in<01:01:22.240><c> fact,</c><01:01:22.559><c> you</c><01:01:22.799><c> ask</c><01:01:23.119><c> you</c><01:01:23.359><c> would</c><01:01:23.520><c> ask</c><01:01:23.680><c> the</c>

01:01:23.829 --> 01:01:23.839 align:start position:0%
&gt;&gt; in fact, you ask you would ask the
 

01:01:23.839 --> 01:01:25.430 align:start position:0%
&gt;&gt; in fact, you ask you would ask the
question.<01:01:24.160><c> It's</c><01:01:24.319><c> a</c><01:01:24.480><c> great</c><01:01:24.720><c> question</c><01:01:25.200><c> which</c>

01:01:25.430 --> 01:01:25.440 align:start position:0%
question. It's a great question which
 

01:01:25.440 --> 01:01:28.150 align:start position:0%
question. It's a great question which
was<01:01:25.839><c> was</c><01:01:26.000><c> it</c><01:01:26.160><c> a</c><01:01:26.319><c> stroke</c><01:01:26.559><c> or</c><01:01:26.720><c> a</c><01:01:26.960><c> heart</c><01:01:27.119><c> attack?</c>

01:01:28.150 --> 01:01:28.160 align:start position:0%
was was it a stroke or a heart attack?
 

01:01:28.160 --> 01:01:30.069 align:start position:0%
was was it a stroke or a heart attack?
Now,<01:01:28.480><c> most</c><01:01:28.720><c> people</c><01:01:29.280><c> don't</c><01:01:29.520><c> know</c><01:01:29.599><c> that</c><01:01:29.839><c> before</c>

01:01:30.069 --> 01:01:30.079 align:start position:0%
Now, most people don't know that before
 

01:01:30.079 --> 01:01:31.109 align:start position:0%
Now, most people don't know that before
they<01:01:30.240><c> were</c><01:01:30.319><c> going</c><01:01:30.400><c> to</c><01:01:30.480><c> have</c><01:01:30.559><c> a</c><01:01:30.720><c> stroke</c><01:01:30.960><c> they</c>

01:01:31.109 --> 01:01:31.119 align:start position:0%
they were going to have a stroke they
 

01:01:31.119 --> 01:01:34.390 align:start position:0%
they were going to have a stroke they
had<01:01:31.200><c> a</c><01:01:31.440><c> stroke.</c><01:01:32.079><c> Did</c><01:01:32.319><c> they</c><01:01:33.599><c> they</c><01:01:33.839><c> just</c><01:01:34.079><c> have</c><01:01:34.160><c> a</c>

01:01:34.390 --> 01:01:34.400 align:start position:0%
had a stroke. Did they they just have a
 

01:01:34.400 --> 01:01:37.430 align:start position:0%
had a stroke. Did they they just have a
stroke?<01:01:34.880><c> Do</c><01:01:35.119><c> did</c><01:01:35.280><c> they</c><01:01:35.520><c> understand</c><01:01:35.920><c> why?</c><01:01:37.119><c> In</c>

01:01:37.430 --> 01:01:37.440 align:start position:0%
stroke? Do did they understand why? In
 

01:01:37.440 --> 01:01:39.349 align:start position:0%
stroke? Do did they understand why? In
hindsight,<01:01:38.000><c> you</c><01:01:38.160><c> go</c><01:01:38.319><c> back</c><01:01:38.559><c> and</c><01:01:38.799><c> you</c><01:01:38.960><c> can</c><01:01:39.119><c> make</c>

01:01:39.349 --> 01:01:39.359 align:start position:0%
hindsight, you go back and you can make
 

01:01:39.359 --> 01:01:41.510 align:start position:0%
hindsight, you go back and you can make
lots<01:01:39.680><c> of</c><01:01:40.079><c> explanations.</c><01:01:40.799><c> It</c><01:01:41.040><c> might</c><01:01:41.280><c> sound</c>

01:01:41.510 --> 01:01:41.520 align:start position:0%
lots of explanations. It might sound
 

01:01:41.520 --> 01:01:43.750 align:start position:0%
lots of explanations. It might sound
good.<01:01:41.839><c> And</c><01:01:42.000><c> if</c><01:01:42.160><c> you're</c><01:01:42.480><c> talking</c><01:01:42.720><c> to</c><01:01:42.880><c> the</c><01:01:43.280><c> the</c>

01:01:43.750 --> 01:01:43.760 align:start position:0%
good. And if you're talking to the the
 

01:01:43.760 --> 01:01:46.150 align:start position:0%
good. And if you're talking to the the
working<01:01:44.079><c> man,</c><01:01:45.119><c> you're</c><01:01:45.359><c> using</c><01:01:45.599><c> language</c><01:01:45.920><c> that</c>

01:01:46.150 --> 01:01:46.160 align:start position:0%
working man, you're using language that
 

01:01:46.160 --> 01:01:48.230 align:start position:0%
working man, you're using language that
he'll<01:01:46.480><c> never</c><01:01:46.720><c> understand.</c><01:01:47.280><c> It's</c><01:01:47.599><c> complex.</c><01:01:48.079><c> So</c>

01:01:48.230 --> 01:01:48.240 align:start position:0%
he'll never understand. It's complex. So
 

01:01:48.240 --> 01:01:50.150 align:start position:0%
he'll never understand. It's complex. So
he<01:01:48.640><c> just</c><01:01:48.880><c> like</c><01:01:49.119><c> going</c><01:01:49.359><c> to</c><01:01:49.520><c> his</c><01:01:49.680><c> doctor.</c><01:01:50.000><c> He</c>

01:01:50.150 --> 01:01:50.160 align:start position:0%
he just like going to his doctor. He
 

01:01:50.160 --> 01:01:52.309 align:start position:0%
he just like going to his doctor. He
says<01:01:50.319><c> he</c><01:01:50.480><c> has</c><01:01:50.559><c> a</c><01:01:50.720><c> gastrointestinal</c><01:01:51.920><c> problem.</c>

01:01:52.309 --> 01:01:52.319 align:start position:0%
says he has a gastrointestinal problem.
 

01:01:52.319 --> 01:01:54.549 align:start position:0%
says he has a gastrointestinal problem.
He<01:01:52.480><c> has</c><01:01:52.640><c> diverticulitis</c><01:01:54.000><c> as</c><01:01:54.160><c> opposed</c><01:01:54.400><c> to</c>

01:01:54.549 --> 01:01:54.559 align:start position:0%
He has diverticulitis as opposed to
 

01:01:54.559 --> 01:01:56.630 align:start position:0%
He has diverticulitis as opposed to
saying<01:01:54.960><c> you</c><01:01:55.200><c> had</c><01:01:55.280><c> a</c><01:01:55.440><c> stomach</c><01:01:55.760><c> ache.</c><01:01:56.160><c> You</c><01:01:56.319><c> ate</c>

01:01:56.630 --> 01:01:56.640 align:start position:0%
saying you had a stomach ache. You ate
 

01:01:56.640 --> 01:01:59.349 align:start position:0%
saying you had a stomach ache. You ate
bad<01:01:56.880><c> food.</c><01:01:57.760><c> People</c><01:01:58.079><c> don't</c><01:01:58.240><c> like</c><01:01:58.400><c> to</c><01:01:58.640><c> say</c><01:01:58.799><c> it</c><01:01:59.040><c> in</c>

01:01:59.349 --> 01:01:59.359 align:start position:0%
bad food. People don't like to say it in
 

01:01:59.359 --> 01:02:02.950 align:start position:0%
bad food. People don't like to say it in
normal<01:02:00.079><c> everyman</c><01:02:00.720><c> terms.</c><01:02:01.599><c> The</c><01:02:01.920><c> system</c><01:02:02.480><c> had</c><01:02:02.720><c> a</c>

01:02:02.950 --> 01:02:02.960 align:start position:0%
normal everyman terms. The system had a
 

01:02:02.960 --> 01:02:04.390 align:start position:0%
normal everyman terms. The system had a
stroke,<01:02:03.440><c> but</c><01:02:03.599><c> we</c><01:02:03.839><c> don't</c><01:02:03.920><c> know</c><01:02:04.079><c> why.</c>

01:02:04.390 --> 01:02:04.400 align:start position:0%
stroke, but we don't know why.
 

01:02:04.400 --> 01:02:07.030 align:start position:0%
stroke, but we don't know why.
&gt;&gt; But<01:02:04.559><c> you</c><01:02:04.720><c> just</c><01:02:05.040><c> Okay.</c><01:02:05.680><c> Hardworking</c><01:02:06.319><c> people</c>

01:02:07.030 --> 01:02:07.040 align:start position:0%
&gt;&gt; But you just Okay. Hardworking people
 

01:02:07.040 --> 01:02:09.270 align:start position:0%
&gt;&gt; But you just Okay. Hardworking people
and<01:02:07.200><c> and</c><01:02:07.520><c> there's</c><01:02:07.760><c> a</c><01:02:07.920><c> great</c><01:02:08.240><c> social</c><01:02:08.720><c> benefit.</c>

01:02:09.270 --> 01:02:09.280 align:start position:0%
and and there's a great social benefit.
 

01:02:09.280 --> 01:02:12.150 align:start position:0%
and and there's a great social benefit.
Would<01:02:09.680><c> you</c><01:02:09.839><c> not</c><01:02:10.000><c> agree</c>

01:02:12.150 --> 01:02:12.160 align:start position:0%
Would you not agree
 

01:02:12.160 --> 01:02:14.390 align:start position:0%
Would you not agree
with<01:02:12.480><c> having</c><01:02:12.960><c> people</c><01:02:13.280><c> having</c><01:02:13.680><c> ownership</c><01:02:14.160><c> in</c>

01:02:14.390 --> 01:02:14.400 align:start position:0%
with having people having ownership in
 

01:02:14.400 --> 01:02:15.589 align:start position:0%
with having people having ownership in
the<01:02:14.640><c> system?</c>

01:02:15.589 --> 01:02:15.599 align:start position:0%
the system?
 

01:02:15.599 --> 01:02:18.630 align:start position:0%
the system?
&gt;&gt; When<01:02:15.839><c> you</c><01:02:16.000><c> say</c><01:02:16.319><c> ownership</c><01:02:16.799><c> in</c><01:02:17.040><c> the</c><01:02:17.280><c> system,</c><01:02:18.400><c> it</c>

01:02:18.630 --> 01:02:18.640 align:start position:0%
&gt;&gt; When you say ownership in the system, it
 

01:02:18.640 --> 01:02:19.190 align:start position:0%
&gt;&gt; When you say ownership in the system, it
doesn't<01:02:18.880><c> mean</c>

01:02:19.190 --> 01:02:19.200 align:start position:0%
doesn't mean
 

01:02:19.200 --> 01:02:20.150 align:start position:0%
doesn't mean
&gt;&gt; Let's<01:02:19.440><c> start</c><01:02:19.599><c> over.</c>

01:02:20.150 --> 01:02:20.160 align:start position:0%
&gt;&gt; Let's start over.
 

01:02:20.160 --> 01:02:22.710 align:start position:0%
&gt;&gt; Let's start over.
&gt;&gt; Okay.<01:02:21.119><c> Flip</c><01:02:21.359><c> over</c><01:02:21.599><c> your</c><01:02:21.760><c> phone,</c><01:02:22.000><c> too,</c><01:02:22.240><c> because</c>

01:02:22.710 --> 01:02:22.720 align:start position:0%
&gt;&gt; Okay. Flip over your phone, too, because
 

01:02:22.720 --> 01:02:24.470 align:start position:0%
&gt;&gt; Okay. Flip over your phone, too, because
I<01:02:22.880><c> don't</c><01:02:23.040><c> want</c><01:02:23.119><c> anyone</c><01:02:23.520><c> to</c><01:02:23.599><c> see</c><01:02:24.160><c> on</c><01:02:24.319><c> your</c>

01:02:24.470 --> 01:02:24.480 align:start position:0%
I don't want anyone to see on your
 

01:02:24.480 --> 01:02:25.430 align:start position:0%
I don't want anyone to see on your
phone.

01:02:25.430 --> 01:02:25.440 align:start position:0%
phone.
 

01:02:25.440 --> 01:02:26.870 align:start position:0%
phone.
&gt;&gt; So,<01:02:25.599><c> maybe</c><01:02:25.839><c> flip</c><01:02:26.079><c> it</c><01:02:26.240><c> down</c><01:02:26.400><c> or</c><01:02:26.559><c> something.</c>

01:02:26.870 --> 01:02:26.880 align:start position:0%
&gt;&gt; So, maybe flip it down or something.
 

01:02:26.880 --> 01:02:27.990 align:start position:0%
&gt;&gt; So, maybe flip it down or something.
&gt;&gt; Yeah.<01:02:27.040><c> Yeah.</c>

01:02:27.990 --> 01:02:28.000 align:start position:0%
&gt;&gt; Yeah. Yeah.
 

01:02:28.000 --> 01:02:29.349 align:start position:0%
&gt;&gt; Yeah. Yeah.
&gt;&gt; Yeah.<01:02:28.240><c> Who</c><01:02:28.480><c> knows</c><01:02:28.559><c> what</c><01:02:28.720><c> the</c><01:02:28.880><c> [&nbsp;__&nbsp;]</c><01:02:29.040><c> comes</c><01:02:29.200><c> up</c>

01:02:29.349 --> 01:02:29.359 align:start position:0%
&gt;&gt; Yeah. Who knows what the [&nbsp;__&nbsp;] comes up
 

01:02:29.359 --> 01:02:29.829 align:start position:0%
&gt;&gt; Yeah. Who knows what the [&nbsp;__&nbsp;] comes up
on<01:02:29.440><c> that</c><01:02:29.599><c> phone?</c>

01:02:29.829 --> 01:02:29.839 align:start position:0%
on that phone?
 

01:02:29.839 --> 01:02:30.630 align:start position:0%
on that phone?
&gt;&gt; That's<01:02:30.000><c> correct.</c>

01:02:30.630 --> 01:02:30.640 align:start position:0%
&gt;&gt; That's correct.
 

01:02:30.640 --> 01:02:31.829 align:start position:0%
&gt;&gt; That's correct.
&gt;&gt; We<01:02:30.880><c> don't</c><01:02:30.960><c> want</c><01:02:31.119><c> to</c><01:02:31.280><c> send</c><01:02:31.440><c> your</c>

01:02:31.829 --> 01:02:31.839 align:start position:0%
&gt;&gt; We don't want to send your
 

01:02:31.839 --> 01:02:33.829 align:start position:0%
&gt;&gt; We don't want to send your
&gt;&gt; KSA.<01:02:32.480><c> I</c><01:02:32.640><c> can't</c><01:02:32.720><c> even</c><01:02:32.960><c> get</c><01:02:33.119><c> I</c><01:02:33.280><c> can't</c><01:02:33.599><c> not</c>

01:02:33.829 --> 01:02:33.839 align:start position:0%
&gt;&gt; KSA. I can't even get I can't not
 

01:02:33.839 --> 01:02:35.430 align:start position:0%
&gt;&gt; KSA. I can't even get I can't not
believe<01:02:34.079><c> I've</c><01:02:34.240><c> got</c><01:02:34.400><c> the</c><01:02:34.640><c> magic</c><01:02:34.960><c> moment</c><01:02:35.200><c> when</c>

01:02:35.430 --> 01:02:35.440 align:start position:0%
believe I've got the magic moment when
 

01:02:35.440 --> 01:02:37.030 align:start position:0%
believe I've got the magic moment when
you're<01:02:35.599><c> in</c><01:02:35.839><c> [&nbsp;__&nbsp;]</c><01:02:36.160><c> prison</c><01:02:36.480><c> or</c><01:02:36.720><c> jail</c>

01:02:37.030 --> 01:02:37.040 align:start position:0%
you're in [&nbsp;__&nbsp;] prison or jail
 

01:02:37.040 --> 01:02:38.950 align:start position:0%
you're in [&nbsp;__&nbsp;] prison or jail
wherever<01:02:37.359><c> the</c><01:02:37.520><c> [&nbsp;__&nbsp;]</c><01:02:37.680><c> it</c><01:02:37.839><c> is</c><01:02:38.079><c> in</c><01:02:38.400><c> solitary.</c>

01:02:38.950 --> 01:02:38.960 align:start position:0%
wherever the [&nbsp;__&nbsp;] it is in solitary.
 

01:02:38.960 --> 01:02:40.230 align:start position:0%
wherever the [&nbsp;__&nbsp;] it is in solitary.
&gt;&gt; Now<01:02:39.119><c> there's</c><01:02:39.280><c> a</c><01:02:39.440><c> funny</c><01:02:39.599><c> part</c><01:02:39.839><c> of</c><01:02:39.920><c> that</c><01:02:40.079><c> we</c>

01:02:40.230 --> 01:02:40.240 align:start position:0%
&gt;&gt; Now there's a funny part of that we
 

01:02:40.240 --> 01:02:40.950 align:start position:0%
&gt;&gt; Now there's a funny part of that we
missed<01:02:40.400><c> which</c><01:02:40.559><c> is</c><01:02:40.640><c> said</c>

01:02:40.950 --> 01:02:40.960 align:start position:0%
missed which is said
 

01:02:40.960 --> 01:02:41.829 align:start position:0%
missed which is said
&gt;&gt; go<01:02:41.040><c> ahead</c><01:02:41.359><c> tell</c>

01:02:41.829 --> 01:02:41.839 align:start position:0%
&gt;&gt; go ahead tell
 

01:02:41.839 --> 01:02:43.750 align:start position:0%
&gt;&gt; go ahead tell
&gt;&gt; the<01:02:41.920><c> funny</c><01:02:42.160><c> part</c><01:02:42.319><c> is</c><01:02:42.799><c> what</c><01:02:43.119><c> you</c><01:02:43.280><c> asked</c><01:02:43.440><c> me</c>

01:02:43.750 --> 01:02:43.760 align:start position:0%
&gt;&gt; the funny part is what you asked me
 

01:02:43.760 --> 01:02:45.829 align:start position:0%
&gt;&gt; the funny part is what you asked me
&gt;&gt; is<01:02:43.839><c> there</c><01:02:44.000><c> anything</c><01:02:44.240><c> funnier</c><01:02:44.559><c> than</c><01:02:44.720><c> that</c>

01:02:45.829 --> 01:02:45.839 align:start position:0%
&gt;&gt; is there anything funnier than that
 

01:02:45.839 --> 01:02:47.510 align:start position:0%
&gt;&gt; is there anything funnier than that
&gt;&gt; for<01:02:46.000><c> black</c><01:02:46.240><c> humor</c><01:02:46.559><c> it's</c>

01:02:47.510 --> 01:02:47.520 align:start position:0%
&gt;&gt; for black humor it's
 

01:02:47.520 --> 01:02:49.270 align:start position:0%
&gt;&gt; for black humor it's
&gt;&gt; I<01:02:47.680><c> don't</c><01:02:47.839><c> I</c><01:02:48.000><c> don't</c><01:02:48.160><c> make</c><01:02:48.319><c> any</c><01:02:48.480><c> black</c><01:02:48.720><c> comments</c>

01:02:49.270 --> 01:02:49.280 align:start position:0%
&gt;&gt; I don't I don't make any black comments
 

01:02:49.280 --> 01:02:52.390 align:start position:0%
&gt;&gt; I don't I don't make any black comments
sorry<01:02:50.480><c> uh</c><01:02:51.359><c> you</c><01:02:51.599><c> asked</c><01:02:51.760><c> me</c><01:02:51.920><c> what</c><01:02:52.079><c> I</c><01:02:52.240><c> was</c>

01:02:52.390 --> 01:02:52.400 align:start position:0%
sorry uh you asked me what I was
 

01:02:52.400 --> 01:02:52.789 align:start position:0%
sorry uh you asked me what I was
wearing.

01:02:52.789 --> 01:02:52.799 align:start position:0%
wearing.
 

01:02:52.799 --> 01:02:53.990 align:start position:0%
wearing.
&gt;&gt; That's<01:02:52.960><c> right.</c><01:02:53.119><c> You're</c><01:02:53.280><c> too</c><01:02:53.520><c> wrapped</c><01:02:53.760><c> up</c><01:02:53.839><c> in</c>

01:02:53.990 --> 01:02:54.000 align:start position:0%
&gt;&gt; That's right. You're too wrapped up in
 

01:02:54.000 --> 01:02:55.190 align:start position:0%
&gt;&gt; That's right. You're too wrapped up in
the<01:02:54.079><c> Me</c><01:02:54.319><c> Too</c><01:02:54.559><c> movement.</c>

01:02:55.190 --> 01:02:55.200 align:start position:0%
the Me Too movement.
 

01:02:55.200 --> 01:02:59.030 align:start position:0%
the Me Too movement.
&gt;&gt; Yes.<01:02:55.760><c> So,</c><01:02:56.000><c> I</c><01:02:56.240><c> was</c><01:02:56.400><c> wearing</c><01:02:56.720><c> a</c><01:02:57.280><c> brown</c>

01:02:59.030 --> 01:02:59.040 align:start position:0%
&gt;&gt; Yes. So, I was wearing a brown
 

01:02:59.040 --> 01:03:01.589 align:start position:0%
&gt;&gt; Yes. So, I was wearing a brown
jumper<01:02:59.760><c> and</c><01:03:00.000><c> a</c><01:03:00.240><c> brown</c><01:03:00.480><c> pair</c><01:03:00.640><c> of</c><01:03:00.960><c> pants</c><01:03:01.359><c> given</c>

01:03:01.589 --> 01:03:01.599 align:start position:0%
jumper and a brown pair of pants given
 

01:03:01.599 --> 01:03:04.870 align:start position:0%
jumper and a brown pair of pants given
to<01:03:01.680><c> me</c><01:03:01.760><c> by</c><01:03:02.000><c> the</c><01:03:02.160><c> jail</c><01:03:02.559><c> with</c><01:03:02.799><c> the</c><01:03:02.960><c> word</c><01:03:03.839><c> trustee</c>

01:03:04.870 --> 01:03:04.880 align:start position:0%
to me by the jail with the word trustee
 

01:03:04.880 --> 01:03:06.309 align:start position:0%
to me by the jail with the word trustee
on<01:03:05.200><c> the</c><01:03:05.359><c> back</c>

01:03:06.309 --> 01:03:06.319 align:start position:0%
on the back
 

01:03:06.319 --> 01:03:07.829 align:start position:0%
on the back
&gt;&gt; because<01:03:06.559><c> you</c><01:03:06.720><c> you</c><01:03:06.880><c> had</c><01:03:07.119><c> qualified</c><01:03:07.440><c> to</c><01:03:07.599><c> be</c><01:03:07.680><c> a</c>

01:03:07.829 --> 01:03:07.839 align:start position:0%
&gt;&gt; because you you had qualified to be a
 

01:03:07.839 --> 01:03:08.710 align:start position:0%
&gt;&gt; because you you had qualified to be a
trustee.

01:03:08.710 --> 01:03:08.720 align:start position:0%
trustee.
 

01:03:08.720 --> 01:03:10.789 align:start position:0%
trustee.
&gt;&gt; Well,<01:03:09.200><c> the</c><01:03:09.440><c> funny</c><01:03:09.680><c> part</c><01:03:09.839><c> was</c><01:03:10.000><c> it</c><01:03:10.240><c> was</c><01:03:10.400><c> spelled</c>

01:03:10.789 --> 01:03:10.799 align:start position:0%
&gt;&gt; Well, the funny part was it was spelled
 

01:03:10.799 --> 01:03:15.589 align:start position:0%
&gt;&gt; Well, the funny part was it was spelled
trust<01:03:11.359><c> s</c><01:03:11.760><c> y</c><01:03:12.960><c> so</c><01:03:13.200><c> I</c><01:03:13.359><c> wasn't</c><01:03:13.680><c> really</c><01:03:13.920><c> sure.</c>

01:03:15.589 --> 01:03:15.599 align:start position:0%
trust s y so I wasn't really sure.
 

01:03:15.599 --> 01:03:18.230 align:start position:0%
trust s y so I wasn't really sure.
Uh<01:03:16.559><c> I'd</c><01:03:16.880><c> been</c><01:03:16.960><c> a</c><01:03:17.119><c> trustee</c><01:03:17.440><c> in</c><01:03:17.680><c> many</c><01:03:17.920><c> different</c>

01:03:18.230 --> 01:03:18.240 align:start position:0%
Uh I'd been a trustee in many different
 

01:03:18.240 --> 01:03:19.750 align:start position:0%
Uh I'd been a trustee in many different
operations,<01:03:18.720><c> but</c><01:03:18.880><c> it</c><01:03:19.039><c> was</c><01:03:19.119><c> the</c><01:03:19.280><c> first</c><01:03:19.440><c> time</c><01:03:19.520><c> it</c>

01:03:19.750 --> 01:03:19.760 align:start position:0%
operations, but it was the first time it
 

01:03:19.760 --> 01:03:21.349 align:start position:0%
operations, but it was the first time it
was<01:03:19.839><c> actually</c><01:03:20.000><c> printed</c><01:03:20.319><c> on</c><01:03:20.480><c> my</c><01:03:20.720><c> back</c><01:03:21.119><c> and</c>

01:03:21.349 --> 01:03:21.359 align:start position:0%
was actually printed on my back and
 

01:03:21.359 --> 01:03:23.910 align:start position:0%
was actually printed on my back and
spelled<01:03:21.680><c> incorrectly.</c>

01:03:23.910 --> 01:03:23.920 align:start position:0%
spelled incorrectly.
 

01:03:23.920 --> 01:03:25.670 align:start position:0%
spelled incorrectly.
probably<01:03:24.240><c> had</c><01:03:24.400><c> a</c><01:03:24.559><c> higher</c><01:03:24.799><c> level</c><01:03:25.039><c> of</c><01:03:25.119><c> of</c><01:03:25.520><c> being</c>

01:03:25.670 --> 01:03:25.680 align:start position:0%
probably had a higher level of of being
 

01:03:25.680 --> 01:03:27.910 align:start position:0%
probably had a higher level of of being
a<01:03:25.920><c> trustee</c><01:03:26.319><c> at</c><01:03:26.559><c> at</c><01:03:26.720><c> that</c><01:03:27.039><c> than</c><01:03:27.200><c> you</c><01:03:27.359><c> had</c><01:03:27.520><c> at</c><01:03:27.760><c> all</c>

01:03:27.910 --> 01:03:27.920 align:start position:0%
a trustee at at that than you had at all
 

01:03:27.920 --> 01:03:29.990 align:start position:0%
a trustee at at that than you had at all
the<01:03:28.880><c> all</c><01:03:29.039><c> the</c><01:03:29.280><c> boards</c><01:03:29.520><c> that</c><01:03:29.760><c> you</c><01:03:29.839><c> were</c>

01:03:29.990 --> 01:03:30.000 align:start position:0%
the all the boards that you were
 

01:03:30.000 --> 01:03:30.870 align:start position:0%
the all the boards that you were
trustees,<01:03:30.559><c> right?</c>

01:03:30.870 --> 01:03:30.880 align:start position:0%
trustees, right?
 

01:03:30.880 --> 01:03:33.430 align:start position:0%
trustees, right?
&gt;&gt; Yes.<01:03:31.359><c> Because</c><01:03:32.000><c> the</c><01:03:32.160><c> trustee</c><01:03:32.559><c> meant</c><01:03:32.880><c> you</c><01:03:33.119><c> get</c>

01:03:33.430 --> 01:03:33.440 align:start position:0%
&gt;&gt; Yes. Because the trustee meant you get
 

01:03:33.440 --> 01:03:37.750 align:start position:0%
&gt;&gt; Yes. Because the trustee meant you get
two<01:03:34.720><c> um</c><01:03:35.920><c> devices</c><01:03:36.720><c> to</c><01:03:36.960><c> clean</c><01:03:37.119><c> your</c><01:03:37.280><c> toilet</c><01:03:37.599><c> as</c>

01:03:37.750 --> 01:03:37.760 align:start position:0%
two um devices to clean your toilet as
 

01:03:37.760 --> 01:03:38.390 align:start position:0%
two um devices to clean your toilet as
opposed<01:03:37.920><c> to</c><01:03:38.079><c> one.</c>

01:03:38.390 --> 01:03:38.400 align:start position:0%
opposed to one.
 

01:03:38.400 --> 01:03:40.390 align:start position:0%
opposed to one.
&gt;&gt; Yeah.<01:03:38.640><c> But</c><01:03:38.720><c> it</c><01:03:38.880><c> also</c><01:03:39.119><c> meant</c><01:03:39.280><c> that</c><01:03:39.440><c> you</c><01:03:39.599><c> you</c><01:03:40.000><c> had</c>

01:03:40.390 --> 01:03:40.400 align:start position:0%
&gt;&gt; Yeah. But it also meant that you you had
 

01:03:40.400 --> 01:03:43.270 align:start position:0%
&gt;&gt; Yeah. But it also meant that you you had
some<01:03:40.720><c> sort</c><01:03:40.880><c> of</c><01:03:41.119><c> personal</c><01:03:41.760><c> fiduciary</c>

01:03:43.270 --> 01:03:43.280 align:start position:0%
some sort of personal fiduciary
 

01:03:43.280 --> 01:03:45.510 align:start position:0%
some sort of personal fiduciary
own<01:03:43.680><c> responsibility</c><01:03:44.400><c> for</c><01:03:44.559><c> oneself,</c><01:03:45.200><c> right?</c>

01:03:45.510 --> 01:03:45.520 align:start position:0%
own responsibility for oneself, right?
 

01:03:45.520 --> 01:03:46.549 align:start position:0%
own responsibility for oneself, right?
&gt;&gt; In<01:03:45.680><c> the</c><01:03:45.839><c> jail,</c><01:03:46.319><c> you</c><01:03:46.400><c> mean?</c>

01:03:46.549 --> 01:03:46.559 align:start position:0%
&gt;&gt; In the jail, you mean?
 

01:03:46.559 --> 01:03:47.670 align:start position:0%
&gt;&gt; In the jail, you mean?
&gt;&gt; Well,<01:03:46.720><c> that's</c><01:03:46.880><c> what</c><01:03:46.960><c> being</c><01:03:47.119><c> a</c><01:03:47.280><c> trustee</c><01:03:47.520><c> is.</c>

01:03:47.670 --> 01:03:47.680 align:start position:0%
&gt;&gt; Well, that's what being a trustee is.
 

01:03:47.680 --> 01:03:50.950 align:start position:0%
&gt;&gt; Well, that's what being a trustee is.
That's<01:03:47.839><c> why</c><01:03:48.000><c> they</c><01:03:48.160><c> give</c><01:03:48.240><c> you</c><01:03:48.400><c> two.</c>

01:03:50.950 --> 01:03:50.960 align:start position:0%
That's why they give you two.
 

01:03:50.960 --> 01:03:54.549 align:start position:0%
That's why they give you two.
&gt;&gt; Yes.<01:03:51.359><c> you</c><01:03:51.599><c> get</c><01:03:51.839><c> two</c><01:03:52.160><c> cleaners.</c>

01:03:54.549 --> 01:03:54.559 align:start position:0%
&gt;&gt; Yes. you get two cleaners.
 

01:03:54.559 --> 01:03:56.230 align:start position:0%
&gt;&gt; Yes. you get two cleaners.
I<01:03:54.720><c> was</c><01:03:54.880><c> a</c><01:03:55.039><c> trustee</c><01:03:55.280><c> in</c><01:03:55.440><c> the</c><01:03:55.599><c> jail</c><01:03:55.839><c> because</c><01:03:56.000><c> I</c>

01:03:56.230 --> 01:03:56.240 align:start position:0%
I was a trustee in the jail because I
 

01:03:56.240 --> 01:03:59.109 align:start position:0%
I was a trustee in the jail because I
was<01:03:56.319><c> able</c><01:03:56.559><c> to</c><01:03:56.720><c> teach</c><01:03:57.520><c> some</c><01:03:57.760><c> of</c><01:03:57.839><c> the</c><01:03:58.000><c> kids</c><01:03:58.480><c> from</c>

01:03:59.109 --> 01:03:59.119 align:start position:0%
was able to teach some of the kids from
 

01:03:59.119 --> 01:04:01.910 align:start position:0%
was able to teach some of the kids from
TR<01:03:59.359><c> to</c><01:03:59.520><c> help</c><01:03:59.680><c> them</c><01:03:59.839><c> get</c><01:04:00.000><c> their</c><01:04:00.160><c> GED.</c><01:04:01.520><c> So</c><01:04:01.760><c> that's</c>

01:04:01.910 --> 01:04:01.920 align:start position:0%
TR to help them get their GED. So that's
 

01:04:01.920 --> 01:04:05.029 align:start position:0%
TR to help them get their GED. So that's
how<01:04:02.160><c> they</c><01:04:02.400><c> gave</c><01:04:02.559><c> me</c><01:04:02.720><c> a</c><01:04:02.880><c> trustee</c><01:04:03.359><c> job.</c>

01:04:05.029 --> 01:04:05.039 align:start position:0%
how they gave me a trustee job.
 

01:04:05.039 --> 01:04:07.270 align:start position:0%
how they gave me a trustee job.
&gt;&gt; There's<01:04:05.359><c> no</c><01:04:05.680><c> time</c><01:04:06.240><c> I</c><01:04:06.480><c> got</c><01:04:06.559><c> to</c><01:04:06.720><c> go</c><01:04:06.799><c> back</c><01:04:06.960><c> to</c><01:04:07.119><c> this</c>

01:04:07.270 --> 01:04:07.280 align:start position:0%
&gt;&gt; There's no time I got to go back to this
 

01:04:07.280 --> 01:04:09.029 align:start position:0%
&gt;&gt; There's no time I got to go back to this
because<01:04:07.520><c> it's</c><01:04:07.680><c> it's</c><01:04:08.000><c> I'm</c><01:04:08.240><c> like</c><01:04:08.400><c> a</c><01:04:08.559><c> dog</c><01:04:08.720><c> with</c><01:04:08.880><c> a</c>

01:04:09.029 --> 01:04:09.039 align:start position:0%
because it's it's I'm like a dog with a
 

01:04:09.039 --> 01:04:10.950 align:start position:0%
because it's it's I'm like a dog with a
bone<01:04:09.200><c> in</c><01:04:09.359><c> this</c><01:04:09.520><c> thing.</c>

01:04:10.950 --> 01:04:10.960 align:start position:0%
bone in this thing.
 

01:04:10.960 --> 01:04:11.430 align:start position:0%
bone in this thing.
&gt;&gt; Yes.

01:04:11.430 --> 01:04:11.440 align:start position:0%
&gt;&gt; Yes.
 

01:04:11.440 --> 01:04:14.549 align:start position:0%
&gt;&gt; Yes.
&gt;&gt; You<01:04:11.680><c> can't</c>

01:04:14.549 --> 01:04:14.559 align:start position:0%
&gt;&gt; You can't
 

01:04:14.559 --> 01:04:16.309 align:start position:0%
&gt;&gt; You can't
There's<01:04:14.880><c> something</c><01:04:15.200><c> deeply</c><01:04:15.680><c> [&nbsp;__&nbsp;]</c><01:04:15.920><c> up</c><01:04:16.079><c> with</c>

01:04:16.309 --> 01:04:16.319 align:start position:0%
There's something deeply [&nbsp;__&nbsp;] up with
 

01:04:16.319 --> 01:04:17.829 align:start position:0%
There's something deeply [&nbsp;__&nbsp;] up with
you.

01:04:17.829 --> 01:04:17.839 align:start position:0%
you.
 

01:04:17.839 --> 01:04:18.630 align:start position:0%
you.
&gt;&gt; At least<01:04:18.240><c> something.</c>

01:04:18.630 --> 01:04:18.640 align:start position:0%
&gt;&gt; At least something.
 

01:04:18.640 --> 01:04:20.069 align:start position:0%
&gt;&gt; At least something.
&gt;&gt; Well,<01:04:18.880><c> we</c><01:04:19.039><c> know</c><01:04:19.200><c> there</c><01:04:19.359><c> are</c><01:04:19.520><c> things</c><01:04:19.760><c> deeply</c>

01:04:20.069 --> 01:04:20.079 align:start position:0%
&gt;&gt; Well, we know there are things deeply
 

01:04:20.079 --> 01:04:21.349 align:start position:0%
&gt;&gt; Well, we know there are things deeply
[&nbsp;__&nbsp;]<01:04:20.319><c> up</c><01:04:20.400><c> with</c><01:04:20.640><c> this.</c><01:04:20.880><c> you</c><01:04:21.119><c> will</c><01:04:21.280><c> get</c>

01:04:21.349 --> 01:04:21.359 align:start position:0%
[&nbsp;__&nbsp;] up with this. you will get
 

01:04:21.359 --> 01:04:24.069 align:start position:0%
[&nbsp;__&nbsp;] up with this. you will get
through<01:04:21.599><c> in</c><01:04:21.760><c> this</c><01:04:21.920><c> film.</c><01:04:22.480><c> But</c>

01:04:24.069 --> 01:04:24.079 align:start position:0%
through in this film. But
 

01:04:24.079 --> 01:04:27.990 align:start position:0%
through in this film. But
you<01:04:24.400><c> cannot</c><01:04:24.880><c> possibly</c><01:04:25.760><c> have</c><01:04:26.160><c> to</c><01:04:26.319><c> sit</c><01:04:26.640><c> there</c>

01:04:27.990 --> 01:04:28.000 align:start position:0%
you cannot possibly have to sit there
 

01:04:28.000 --> 01:04:29.829 align:start position:0%
you cannot possibly have to sit there
knowing<01:04:28.319><c> that</c><01:04:28.480><c> you</c><01:04:28.720><c> came</c><01:04:28.880><c> from</c><01:04:29.119><c> nowhere,</c>

01:04:29.829 --> 01:04:29.839 align:start position:0%
knowing that you came from nowhere,
 

01:04:29.839 --> 01:04:31.750 align:start position:0%
knowing that you came from nowhere,
knowing<01:04:30.160><c> that</c><01:04:30.319><c> you</c><01:04:30.480><c> went</c><01:04:30.640><c> to</c><01:04:30.799><c> the</c><01:04:30.960><c> very</c><01:04:31.200><c> top</c><01:04:31.440><c> of</c>

01:04:31.750 --> 01:04:31.760 align:start position:0%
knowing that you went to the very top of
 

01:04:31.760 --> 01:04:33.910 align:start position:0%
knowing that you went to the very top of
what<01:04:32.079><c> is</c><01:04:32.319><c> considered</c><01:04:32.720><c> outside</c><01:04:33.039><c> of</c><01:04:33.280><c> science</c>

01:04:33.910 --> 01:04:33.920 align:start position:0%
what is considered outside of science
 

01:04:33.920 --> 01:04:36.870 align:start position:0%
what is considered outside of science
and<01:04:34.240><c> maybe</c><01:04:34.559><c> physics</c><01:04:35.200><c> the</c><01:04:35.440><c> thing</c><01:04:35.680><c> people</c><01:04:36.559><c> most</c>

01:04:36.870 --> 01:04:36.880 align:start position:0%
and maybe physics the thing people most
 

01:04:36.880 --> 01:04:38.470 align:start position:0%
and maybe physics the thing people most
admire<01:04:37.280><c> because</c><01:04:37.440><c> it's</c><01:04:37.599><c> like</c><01:04:37.760><c> alchemy</c>

01:04:38.470 --> 01:04:38.480 align:start position:0%
admire because it's like alchemy
 

01:04:38.480 --> 01:04:41.750 align:start position:0%
admire because it's like alchemy
understanding<01:04:39.039><c> high</c><01:04:39.359><c> finance</c>

01:04:41.750 --> 01:04:41.760 align:start position:0%
understanding high finance
 

01:04:41.760 --> 01:04:43.430 align:start position:0%
understanding high finance
to<01:04:42.000><c> sit</c><01:04:42.240><c> there</c><01:04:42.400><c> in</c><01:04:42.720><c> what</c><01:04:42.960><c> will</c><01:04:43.119><c> be</c><01:04:43.280><c> the</c>

01:04:43.430 --> 01:04:43.440 align:start position:0%
to sit there in what will be the
 

01:04:43.440 --> 01:04:46.390 align:start position:0%
to sit there in what will be the
defining<01:04:43.920><c> financial</c><01:04:44.480><c> crisis</c>

01:04:46.390 --> 01:04:46.400 align:start position:0%
defining financial crisis
 

01:04:46.400 --> 01:04:50.150 align:start position:0%
defining financial crisis
of<01:04:46.720><c> our</c><01:04:46.960><c> time</c><01:04:47.520><c> like</c><01:04:47.839><c> like</c><01:04:48.640><c> Black</c><01:04:48.960><c> Friday</c><01:04:49.440><c> and</c>

01:04:50.150 --> 01:04:50.160 align:start position:0%
of our time like like Black Friday and
 

01:04:50.160 --> 01:04:52.309 align:start position:0%
of our time like like Black Friday and
or<01:04:50.720><c> Black</c><01:04:51.039><c> Monday</c><01:04:51.440><c> whatever</c><01:04:51.680><c> it</c><01:04:51.760><c> was</c><01:04:52.000><c> in</c><01:04:52.160><c> the</c>

01:04:52.309 --> 01:04:52.319 align:start position:0%
or Black Monday whatever it was in the
 

01:04:52.319 --> 01:04:54.150 align:start position:0%
or Black Monday whatever it was in the
Great<01:04:52.480><c> Depression</c><01:04:53.119><c> and</c><01:04:53.359><c> be</c><01:04:53.599><c> there</c><01:04:53.760><c> at</c><01:04:53.920><c> that</c>

01:04:54.150 --> 01:04:54.160 align:start position:0%
Great Depression and be there at that
 

01:04:54.160 --> 01:04:57.029 align:start position:0%
Great Depression and be there at that
exact<01:04:54.559><c> moment</c>

01:04:57.029 --> 01:04:57.039 align:start position:0%
exact moment
 

01:04:57.039 --> 01:04:59.270 align:start position:0%
exact moment
triggered<01:04:57.599><c> in</c><01:04:57.920><c> part</c><01:04:58.240><c> by</c><01:04:58.480><c> a</c><01:04:58.720><c> firm</c><01:04:58.960><c> that</c><01:04:59.119><c> you</c>

01:04:59.270 --> 01:04:59.280 align:start position:0%
triggered in part by a firm that you
 

01:04:59.280 --> 01:05:00.710 align:start position:0%
triggered in part by a firm that you
used<01:04:59.359><c> to</c><01:04:59.520><c> be</c><01:04:59.599><c> a</c><01:04:59.760><c> partner</c><01:05:00.000><c> in</c><01:05:00.240><c> and</c><01:05:00.480><c> knew</c>

01:05:00.710 --> 01:05:00.720 align:start position:0%
used to be a partner in and knew
 

01:05:00.720 --> 01:05:02.710 align:start position:0%
used to be a partner in and knew
intimately<01:05:01.280><c> well</c><01:05:01.440><c> and</c><01:05:01.680><c> it</c><01:05:01.839><c> created</c><01:05:02.319><c> much</c><01:05:02.559><c> of</c>

01:05:02.710 --> 01:05:02.720 align:start position:0%
intimately well and it created much of
 

01:05:02.720 --> 01:05:05.510 align:start position:0%
intimately well and it created much of
your<01:05:02.960><c> initial</c><01:05:03.280><c> net</c><01:05:03.520><c> worth</c><01:05:03.760><c> because</c><01:05:04.079><c> of</c>

01:05:05.510 --> 01:05:05.520 align:start position:0%
your initial net worth because of
 

01:05:05.520 --> 01:05:07.750 align:start position:0%
your initial net worth because of
&gt;&gt; and<01:05:05.760><c> know</c><01:05:06.000><c> that</c><01:05:06.160><c> you</c><01:05:06.400><c> couldn't</c><01:05:07.280><c> someone</c><01:05:07.599><c> who</c>

01:05:07.750 --> 01:05:07.760 align:start position:0%
&gt;&gt; and know that you couldn't someone who
 

01:05:07.760 --> 01:05:09.430 align:start position:0%
&gt;&gt; and know that you couldn't someone who
lives<01:05:08.000><c> on</c><01:05:08.160><c> a</c><01:05:08.319><c> phone,</c>

01:05:09.430 --> 01:05:09.440 align:start position:0%
lives on a phone,
 

01:05:09.440 --> 01:05:09.990 align:start position:0%
lives on a phone,
&gt;&gt; right?<01:05:09.760><c> Yes.</c>

01:05:09.990 --> 01:05:10.000 align:start position:0%
&gt;&gt; right? Yes.
 

01:05:10.000 --> 01:05:11.430 align:start position:0%
&gt;&gt; right? Yes.
&gt;&gt; Because<01:05:10.160><c> you</c><01:05:10.319><c> do</c><01:05:10.480><c> live</c><01:05:10.559><c> on</c><01:05:10.720><c> a</c><01:05:10.880><c> phone,</c><01:05:11.119><c> right?</c>

01:05:11.430 --> 01:05:11.440 align:start position:0%
&gt;&gt; Because you do live on a phone, right?
 

01:05:11.440 --> 01:05:13.990 align:start position:0%
&gt;&gt; Because you do live on a phone, right?
&gt;&gt; Correct.

01:05:13.990 --> 01:05:14.000 align:start position:0%
&gt;&gt; Correct.
 

01:05:14.000 --> 01:05:16.630 align:start position:0%
&gt;&gt; Correct.
&gt;&gt; You<01:05:14.160><c> had</c><01:05:14.319><c> to</c><01:05:14.480><c> make</c><01:05:14.720><c> collect</c><01:05:15.920><c> just</c><01:05:16.240><c> two</c><01:05:16.400><c> collect</c>

01:05:16.630 --> 01:05:16.640 align:start position:0%
&gt;&gt; You had to make collect just two collect
 

01:05:16.640 --> 01:05:18.789 align:start position:0%
&gt;&gt; You had to make collect just two collect
calls.<01:05:17.200><c> cannot</c><01:05:17.520><c> tell</c><01:05:17.680><c> me</c><01:05:18.000><c> sometime</c><01:05:18.400><c> during</c>

01:05:18.789 --> 01:05:18.799 align:start position:0%
calls. cannot tell me sometime during
 

01:05:18.799 --> 01:05:21.430 align:start position:0%
calls. cannot tell me sometime during
that<01:05:19.039><c> day.</c><01:05:20.400><c> You</c><01:05:20.640><c> did</c><01:05:20.799><c> not</c><01:05:21.039><c> have</c><01:05:21.200><c> that</c>

01:05:21.430 --> 01:05:21.440 align:start position:0%
that day. You did not have that
 

01:05:21.440 --> 01:05:23.910 align:start position:0%
that day. You did not have that
conversation<01:05:22.000><c> with</c><01:05:22.319><c> yourself</c><01:05:23.119><c> of</c><01:05:23.359><c> how</c><01:05:23.520><c> the</c>

01:05:23.910 --> 01:05:23.920 align:start position:0%
conversation with yourself of how the
 

01:05:23.920 --> 01:05:25.750 align:start position:0%
conversation with yourself of how the
[&nbsp;__&nbsp;]<01:05:24.160><c> did</c><01:05:24.400><c> I</c><01:05:24.559><c> do</c><01:05:24.640><c> this</c><01:05:24.799><c> to</c><01:05:25.039><c> myself</c><01:05:25.280><c> to</c><01:05:25.599><c> put</c>

01:05:25.750 --> 01:05:25.760 align:start position:0%
[&nbsp;__&nbsp;] did I do this to myself to put
 

01:05:25.760 --> 01:05:28.549 align:start position:0%
[&nbsp;__&nbsp;] did I do this to myself to put
myself<01:05:26.559><c> in</c><01:05:26.799><c> West</c><01:05:27.039><c> Palm</c><01:05:27.359><c> Beach</c><01:05:27.599><c> in</c><01:05:27.760><c> a</c><01:05:27.920><c> 6</c><01:05:28.160><c> by9</c>

01:05:28.549 --> 01:05:28.559 align:start position:0%
myself in West Palm Beach in a 6 by9
 

01:05:28.559 --> 01:05:30.470 align:start position:0%
myself in West Palm Beach in a 6 by9
cell<01:05:28.799><c> with</c><01:05:28.880><c> a</c><01:05:29.039><c> metal</c><01:05:29.359><c> [&nbsp;__&nbsp;]</c><01:05:29.680><c> bed</c><01:05:30.079><c> with</c><01:05:30.240><c> a</c>

01:05:30.470 --> 01:05:30.480 align:start position:0%
cell with a metal [&nbsp;__&nbsp;] bed with a
 

01:05:30.480 --> 01:05:32.309 align:start position:0%
cell with a metal [&nbsp;__&nbsp;] bed with a
brown<01:05:30.720><c> shirt</c><01:05:30.960><c> that</c><01:05:31.119><c> said</c><01:05:31.359><c> trustee</c><01:05:31.920><c> spelled</c>

01:05:32.309 --> 01:05:32.319 align:start position:0%
brown shirt that said trustee spelled
 

01:05:32.319 --> 01:05:34.069 align:start position:0%
brown shirt that said trustee spelled
wrong.

01:05:34.069 --> 01:05:34.079 align:start position:0%
wrong.
 

01:05:34.079 --> 01:05:35.990 align:start position:0%
wrong.
&gt;&gt; So,<01:05:34.319><c> did</c><01:05:34.559><c> I</c><01:05:34.720><c> find</c><01:05:34.880><c> it</c><01:05:35.119><c> amazing</c><01:05:35.440><c> that</c><01:05:35.680><c> I</c><01:05:35.839><c> was</c>

01:05:35.990 --> 01:05:36.000 align:start position:0%
&gt;&gt; So, did I find it amazing that I was
 

01:05:36.000 --> 01:05:36.789 align:start position:0%
&gt;&gt; So, did I find it amazing that I was
there?<01:05:36.319><c> That's</c><01:05:36.480><c> a</c>

01:05:36.789 --> 01:05:36.799 align:start position:0%
there? That's a
 

01:05:36.799 --> 01:05:38.309 align:start position:0%
there? That's a
&gt;&gt; not<01:05:36.960><c> amazing.</c><01:05:37.280><c> I</c><01:05:37.440><c> don't</c><01:05:37.520><c> want</c><01:05:37.599><c> to</c><01:05:37.680><c> say</c><01:05:38.000><c> it</c><01:05:38.160><c> was</c>

01:05:38.309 --> 01:05:38.319 align:start position:0%
&gt;&gt; not amazing. I don't want to say it was
 

01:05:38.319 --> 01:05:40.150 align:start position:0%
&gt;&gt; not amazing. I don't want to say it was
not<01:05:38.480><c> funny.</c><01:05:38.880><c> Oh,</c><01:05:39.039><c> I</c><01:05:39.200><c> thought</c><01:05:39.280><c> it</c><01:05:39.359><c> wasn't</c>

01:05:40.150 --> 01:05:40.160 align:start position:0%
not funny. Oh, I thought it wasn't
 

01:05:40.160 --> 01:05:40.630 align:start position:0%
not funny. Oh, I thought it wasn't
funny.

01:05:40.630 --> 01:05:40.640 align:start position:0%
funny.
 

01:05:40.640 --> 01:05:41.349 align:start position:0%
funny.
&gt;&gt; Right.

01:05:41.349 --> 01:05:41.359 align:start position:0%
&gt;&gt; Right.
 

01:05:41.359 --> 01:05:43.270 align:start position:0%
&gt;&gt; Right.
&gt;&gt; Not<01:05:41.599><c> amazing.</c><01:05:42.400><c> It</c><01:05:42.559><c> was</c><01:05:42.640><c> incredible.</c>

01:05:43.270 --> 01:05:43.280 align:start position:0%
&gt;&gt; Not amazing. It was incredible.
 

01:05:43.280 --> 01:05:45.430 align:start position:0%
&gt;&gt; Not amazing. It was incredible.
&gt;&gt; Inc.<01:05:43.680><c> Incredible</c><01:05:44.240><c> in</c><01:05:44.480><c> what</c><01:05:44.640><c> way?</c>

01:05:45.430 --> 01:05:45.440 align:start position:0%
&gt;&gt; Inc. Incredible in what way?
 

01:05:45.440 --> 01:05:46.870 align:start position:0%
&gt;&gt; Inc. Incredible in what way?
&gt;&gt; Incredible.<01:05:45.760><c> Like,</c><01:05:46.000><c> how</c><01:05:46.160><c> do</c><01:05:46.240><c> I</c><01:05:46.400><c> do</c><01:05:46.480><c> this</c><01:05:46.640><c> to</c>

01:05:46.870 --> 01:05:46.880 align:start position:0%
&gt;&gt; Incredible. Like, how do I do this to
 

01:05:46.880 --> 01:05:47.589 align:start position:0%
&gt;&gt; Incredible. Like, how do I do this to
myself?

01:05:47.589 --> 01:05:47.599 align:start position:0%
myself?
 

01:05:47.599 --> 01:05:50.069 align:start position:0%
myself?
&gt;&gt; No,<01:05:48.319><c> it's</c><01:05:48.640><c> as</c><01:05:48.880><c> incredible</c><01:05:49.359><c> as</c><01:05:49.599><c> me</c><01:05:49.839><c> sitting</c>

01:05:50.069 --> 01:05:50.079 align:start position:0%
&gt;&gt; No, it's as incredible as me sitting
 

01:05:50.079 --> 01:05:52.630 align:start position:0%
&gt;&gt; No, it's as incredible as me sitting
here<01:05:50.240><c> in</c><01:05:50.480><c> this</c><01:05:50.720><c> house.</c>

01:05:52.630 --> 01:05:52.640 align:start position:0%
here in this house.
 

01:05:52.640 --> 01:05:54.309 align:start position:0%
here in this house.
They<01:05:52.880><c> are</c><01:05:53.039><c> both</c><01:05:53.280><c> just</c><01:05:53.520><c> two</c><01:05:53.760><c> sides</c><01:05:54.000><c> of</c><01:05:54.160><c> the</c>

01:05:54.309 --> 01:05:54.319 align:start position:0%
They are both just two sides of the
 

01:05:54.319 --> 01:05:56.230 align:start position:0%
They are both just two sides of the
coin.

01:05:56.230 --> 01:05:56.240 align:start position:0%
coin.
 

01:05:56.240 --> 01:05:58.150 align:start position:0%
coin.
That's<01:05:56.480><c> how</c><01:05:56.559><c> I</c><01:05:56.799><c> think</c><01:05:56.960><c> about</c><01:05:57.119><c> it.</c><01:05:57.599><c> That</c><01:05:57.920><c> my</c>

01:05:58.150 --> 01:05:58.160 align:start position:0%
That's how I think about it. That my
 

01:05:58.160 --> 01:05:59.990 align:start position:0%
That's how I think about it. That my
life<01:05:58.559><c> today</c><01:05:59.039><c> is</c><01:05:59.280><c> incredible.</c>

01:05:59.990 --> 01:06:00.000 align:start position:0%
life today is incredible.
 

01:06:00.000 --> 01:06:02.630 align:start position:0%
life today is incredible.
&gt;&gt; Do<01:06:00.160><c> you</c><01:06:00.240><c> consider</c><01:06:00.559><c> yourself</c><01:06:00.799><c> a</c><01:06:00.960><c> stoic?</c>

01:06:02.630 --> 01:06:02.640 align:start position:0%
&gt;&gt; Do you consider yourself a stoic?
 

01:06:02.640 --> 01:06:08.309 align:start position:0%
&gt;&gt; Do you consider yourself a stoic?
&gt;&gt; No,<01:06:03.119><c> I</c><01:06:03.440><c> consider</c><01:06:03.839><c> myself</c><01:06:04.079><c> a</c><01:06:04.960><c> hermit.</c>

01:06:08.309 --> 01:06:08.319 align:start position:0%
 
 

01:06:08.319 --> 01:06:11.910 align:start position:0%
 
Stoics<01:06:08.799><c> are</c><01:06:08.880><c> not</c><01:06:09.039><c> very</c><01:06:09.359><c> happy.</c><01:06:10.400><c> you</c><01:06:11.520><c> being</c><01:06:11.760><c> a</c>

01:06:11.910 --> 01:06:11.920 align:start position:0%
Stoics are not very happy. you being a
 

01:06:11.920 --> 01:06:15.510 align:start position:0%
Stoics are not very happy. you being a
hermit<01:06:12.319><c> then</c><01:06:13.440><c> being</c><01:06:13.680><c> in</c><01:06:13.839><c> that</c><01:06:14.079><c> 6</c><01:06:14.319><c> by9</c><01:06:14.799><c> cell</c>

01:06:15.510 --> 01:06:15.520 align:start position:0%
hermit then being in that 6 by9 cell
 

01:06:15.520 --> 01:06:17.430 align:start position:0%
hermit then being in that 6 by9 cell
being<01:06:15.760><c> in</c><01:06:15.920><c> the</c><01:06:16.079><c> cell</c><01:06:16.400><c> qua</c><01:06:16.720><c> the</c><01:06:16.880><c> cell</c><01:06:17.119><c> was</c><01:06:17.280><c> not</c>

01:06:17.430 --> 01:06:17.440 align:start position:0%
being in the cell qua the cell was not
 

01:06:17.440 --> 01:06:18.870 align:start position:0%
being in the cell qua the cell was not
the<01:06:17.680><c> problem</c><01:06:18.000><c> right</c>

01:06:18.870 --> 01:06:18.880 align:start position:0%
the problem right
 

01:06:18.880 --> 01:06:20.710 align:start position:0%
the problem right
&gt;&gt; correct

01:06:20.710 --> 01:06:20.720 align:start position:0%
&gt;&gt; correct
 

01:06:20.720 --> 01:06:24.870 align:start position:0%
&gt;&gt; correct
&gt;&gt; what<01:06:20.960><c> was</c><01:06:21.119><c> the</c><01:06:21.359><c> problem</c>

01:06:24.870 --> 01:06:24.880 align:start position:0%
 
 

01:06:24.880 --> 01:06:26.870 align:start position:0%
 
the<01:06:25.119><c> eating</c><01:06:25.359><c> the</c><01:06:25.440><c> almond</c><01:06:25.839><c> joy</c><01:06:26.079><c> bars</c>

01:06:26.870 --> 01:06:26.880 align:start position:0%
the eating the almond joy bars
 

01:06:26.880 --> 01:06:28.150 align:start position:0%
the eating the almond joy bars
&gt;&gt; because<01:06:27.119><c> you</c><01:06:27.280><c> couldn't</c><01:06:27.440><c> eat</c><01:06:27.599><c> the</c><01:06:27.760><c> food</c>

01:06:28.150 --> 01:06:28.160 align:start position:0%
&gt;&gt; because you couldn't eat the food
 

01:06:28.160 --> 01:06:32.710 align:start position:0%
&gt;&gt; because you couldn't eat the food
&gt;&gt; no<01:06:28.480><c> right</c>

01:06:32.710 --> 01:06:32.720 align:start position:0%
 
 

01:06:32.720 --> 01:06:35.829 align:start position:0%
 
&gt;&gt; and<01:06:33.200><c> but</c><01:06:33.680><c> remember</c><01:06:34.319><c> my</c><01:06:34.799><c> my</c><01:06:35.200><c> life</c><01:06:35.440><c> is</c>

01:06:35.829 --> 01:06:35.839 align:start position:0%
&gt;&gt; and but remember my my life is
 

01:06:35.839 --> 01:06:37.670 align:start position:0%
&gt;&gt; and but remember my my life is
&gt;&gt; did<01:06:36.079><c> that</c><01:06:36.240><c> ever</c><01:06:36.400><c> strike</c><01:06:36.640><c> you</c><01:06:36.799><c> that</c><01:06:37.039><c> I</c><01:06:37.200><c> gota</c><01:06:37.440><c> I</c>

01:06:37.670 --> 01:06:37.680 align:start position:0%
&gt;&gt; did that ever strike you that I gota I
 

01:06:37.680 --> 01:06:39.430 align:start position:0%
&gt;&gt; did that ever strike you that I gota I
can't<01:06:37.839><c> eat</c><01:06:38.000><c> the</c><01:06:38.240><c> food</c><01:06:38.799><c> because</c><01:06:39.039><c> somebody</c>

01:06:39.430 --> 01:06:39.440 align:start position:0%
can't eat the food because somebody
 

01:06:39.440 --> 01:06:40.630 align:start position:0%
can't eat the food because somebody
might<01:06:39.599><c> have</c><01:06:39.680><c> done</c><01:06:39.839><c> something</c><01:06:40.079><c> to</c><01:06:40.240><c> it.</c><01:06:40.400><c> I</c><01:06:40.559><c> got</c>

01:06:40.630 --> 01:06:40.640 align:start position:0%
might have done something to it. I got
 

01:06:40.640 --> 01:06:42.309 align:start position:0%
might have done something to it. I got
to<01:06:40.720><c> eat.</c><01:06:40.880><c> I</c><01:06:41.039><c> got</c><01:06:41.119><c> to</c><01:06:41.200><c> live</c><01:06:41.359><c> off</c><01:06:41.520><c> an</c><01:06:41.680><c> Almond</c><01:06:42.000><c> Joy</c>

01:06:42.309 --> 01:06:42.319 align:start position:0%
to eat. I got to live off an Almond Joy
 

01:06:42.319 --> 01:06:44.710 align:start position:0%
to eat. I got to live off an Almond Joy
bar.<01:06:42.960><c> One</c><01:06:43.119><c> a</c><01:06:43.359><c> day</c><01:06:43.440><c> or</c><01:06:43.680><c> two</c><01:06:43.839><c> a</c><01:06:44.000><c> day</c><01:06:44.160><c> or</c><01:06:44.319><c> whatever.</c>

01:06:44.710 --> 01:06:44.720 align:start position:0%
bar. One a day or two a day or whatever.
 

01:06:44.720 --> 01:06:47.109 align:start position:0%
bar. One a day or two a day or whatever.
How<01:06:44.960><c> many</c><01:06:45.119><c> ever</c><01:06:45.440><c> sneak</c><01:06:45.760><c> in</c><01:06:46.480><c> a</c><01:06:46.720><c> day?</c>

01:06:47.109 --> 01:06:47.119 align:start position:0%
How many ever sneak in a day?
 

01:06:47.119 --> 01:06:48.710 align:start position:0%
How many ever sneak in a day?
&gt;&gt; No<01:06:47.359><c> sneaking</c><01:06:47.760><c> in.</c>

01:06:48.710 --> 01:06:48.720 align:start position:0%
&gt;&gt; No sneaking in.
 

01:06:48.720 --> 01:06:50.789 align:start position:0%
&gt;&gt; No sneaking in.
&gt;&gt; You're<01:06:49.039><c> one</c><01:06:49.280><c> Almond</c><01:06:49.680><c> Joy</c><01:06:49.920><c> bar.</c><01:06:50.160><c> Did</c><01:06:50.319><c> that</c><01:06:50.480><c> not</c>

01:06:50.789 --> 01:06:50.799 align:start position:0%
&gt;&gt; You're one Almond Joy bar. Did that not
 

01:06:50.799 --> 01:06:53.990 align:start position:0%
&gt;&gt; You're one Almond Joy bar. Did that not
It<01:06:50.960><c> did</c><01:06:51.119><c> not</c><01:06:51.280><c> hit</c><01:06:51.599><c> you</c><01:06:52.000><c> at</c><01:06:52.240><c> some</c><01:06:52.559><c> time.</c><01:06:53.680><c> How</c><01:06:53.839><c> the</c>

01:06:53.990 --> 01:06:54.000 align:start position:0%
It did not hit you at some time. How the
 

01:06:54.000 --> 01:06:55.829 align:start position:0%
It did not hit you at some time. How the
[&nbsp;__&nbsp;]<01:06:54.240><c> did</c><01:06:54.400><c> I</c><01:06:54.559><c> do</c><01:06:54.720><c> this?</c>

01:06:55.829 --> 01:06:55.839 align:start position:0%
[&nbsp;__&nbsp;] did I do this?
 

01:06:55.839 --> 01:07:00.069 align:start position:0%
[&nbsp;__&nbsp;] did I do this?
&gt;&gt; No.

01:07:00.069 --> 01:07:00.079 align:start position:0%
 
 

01:07:00.079 --> 01:07:02.069 align:start position:0%
 
&gt;&gt; Let's<01:07:00.319><c> go</c><01:07:00.480><c> back</c><01:07:00.640><c> to</c><01:07:00.799><c> the</c><01:07:00.960><c> spring</c><01:07:01.119><c> of</c><01:07:01.280><c> of</c><01:07:01.599><c> 2008.</c>

01:07:02.069 --> 01:07:02.079 align:start position:0%
&gt;&gt; Let's go back to the spring of of 2008.
 

01:07:02.079 --> 01:07:03.430 align:start position:0%
&gt;&gt; Let's go back to the spring of of 2008.
Were<01:07:02.240><c> you</c><01:07:02.319><c> so</c><01:07:02.480><c> wrapped</c><01:07:02.720><c> up</c><01:07:02.799><c> in</c><01:07:03.039><c> your</c><01:07:03.200><c> personal</c>

01:07:03.430 --> 01:07:03.440 align:start position:0%
Were you so wrapped up in your personal
 

01:07:03.440 --> 01:07:04.710 align:start position:0%
Were you so wrapped up in your personal
issues<01:07:03.680><c> at</c><01:07:03.760><c> the</c><01:07:03.839><c> time</c><01:07:04.000><c> you</c><01:07:04.160><c> were</c><01:07:04.240><c> not</c><01:07:04.400><c> spending</c>

01:07:04.710 --> 01:07:04.720 align:start position:0%
issues at the time you were not spending
 

01:07:04.720 --> 01:07:06.150 align:start position:0%
issues at the time you were not spending
enough<01:07:04.960><c> time</c><01:07:05.039><c> on</c><01:07:05.280><c> the</c><01:07:05.359><c> financial</c><01:07:05.680><c> markets</c><01:07:06.000><c> or</c>

01:07:06.150 --> 01:07:06.160 align:start position:0%
enough time on the financial markets or
 

01:07:06.160 --> 01:07:07.430 align:start position:0%
enough time on the financial markets or
were<01:07:06.240><c> you</c><01:07:06.400><c> deeply</c><01:07:06.720><c> involved</c><01:07:07.039><c> in</c><01:07:07.280><c> the</c>

01:07:07.430 --> 01:07:07.440 align:start position:0%
were you deeply involved in the
 

01:07:07.440 --> 01:07:08.950 align:start position:0%
were you deeply involved in the
financial<01:07:07.760><c> markets</c><01:07:08.079><c> like</c><01:07:08.319><c> you</c><01:07:08.480><c> normally</c><01:07:08.720><c> were</c>

01:07:08.950 --> 01:07:08.960 align:start position:0%
financial markets like you normally were
 

01:07:08.960 --> 01:07:11.829 align:start position:0%
financial markets like you normally were
in<01:07:09.359><c> I</c><01:07:09.520><c> would</c><01:07:09.680><c> normally</c><01:07:10.400><c> I</c><01:07:10.640><c> was</c><01:07:10.720><c> involved.</c>

01:07:11.829 --> 01:07:11.839 align:start position:0%
in I would normally I was involved.
 

01:07:11.839 --> 01:07:14.230 align:start position:0%
in I would normally I was involved.
&gt;&gt; And<01:07:12.160><c> you</c><01:07:12.319><c> and</c><01:07:12.880><c> you</c><01:07:13.039><c> So</c><01:07:13.359><c> we're</c><01:07:13.680><c> saying</c><01:07:13.839><c> that</c><01:07:14.000><c> the</c>

01:07:14.230 --> 01:07:14.240 align:start position:0%
&gt;&gt; And you and you So we're saying that the
 

01:07:14.240 --> 01:07:16.710 align:start position:0%
&gt;&gt; And you and you So we're saying that the
smartest<01:07:14.640><c> guy</c><01:07:14.720><c> in</c><01:07:14.960><c> the</c><01:07:15.119><c> room</c><01:07:16.000><c> didn't</c><01:07:16.319><c> see</c><01:07:16.480><c> it</c>

01:07:16.710 --> 01:07:16.720 align:start position:0%
smartest guy in the room didn't see it
 

01:07:16.720 --> 01:07:17.829 align:start position:0%
smartest guy in the room didn't see it
coming.

01:07:17.829 --> 01:07:17.839 align:start position:0%
coming.
 

01:07:17.839 --> 01:07:18.470 align:start position:0%
coming.
&gt;&gt; No,<01:07:18.079><c> of</c><01:07:18.160><c> course</c><01:07:18.319><c> not.</c>

01:07:18.470 --> 01:07:18.480 align:start position:0%
&gt;&gt; No, of course not.
 

01:07:18.480 --> 01:07:20.630 align:start position:0%
&gt;&gt; No, of course not.
&gt;&gt; The<01:07:18.640><c> bankruptcy</c><01:07:19.039><c> of</c><01:07:19.200><c> Bear</c><01:07:19.520><c> Sterns,</c><01:07:20.319><c> you</c><01:07:20.559><c> just</c>

01:07:20.630 --> 01:07:20.640 align:start position:0%
&gt;&gt; The bankruptcy of Bear Sterns, you just
 

01:07:20.640 --> 01:07:23.349 align:start position:0%
&gt;&gt; The bankruptcy of Bear Sterns, you just
thought<01:07:20.720><c> it</c><01:07:20.799><c> was</c><01:07:20.960><c> a</c><01:07:21.039><c> Bear</c><01:07:21.359><c> Sterns</c><01:07:21.760><c> problem.</c>

01:07:23.349 --> 01:07:23.359 align:start position:0%
thought it was a Bear Sterns problem.
 

01:07:23.359 --> 01:07:25.029 align:start position:0%
thought it was a Bear Sterns problem.
&gt;&gt; You<01:07:23.520><c> didn't</c><01:07:23.760><c> see</c><01:07:23.839><c> it</c><01:07:24.000><c> as</c><01:07:24.240><c> systemic.</c>

01:07:25.029 --> 01:07:25.039 align:start position:0%
&gt;&gt; You didn't see it as systemic.
 

01:07:25.039 --> 01:07:26.789 align:start position:0%
&gt;&gt; You didn't see it as systemic.
&gt;&gt; I<01:07:25.200><c> I</c><01:07:25.440><c> know</c><01:07:25.599><c> you</c><01:07:25.760><c> keep</c><01:07:25.920><c> hopping</c><01:07:26.319><c> on</c><01:07:26.400><c> it,</c><01:07:26.559><c> but</c>

01:07:26.789 --> 01:07:26.799 align:start position:0%
&gt;&gt; I I know you keep hopping on it, but
 

01:07:26.799 --> 01:07:27.430 align:start position:0%
&gt;&gt; I I know you keep hopping on it, but
it's<01:07:26.960><c> it's</c><01:07:27.119><c> not</c>

01:07:27.430 --> 01:07:27.440 align:start position:0%
it's it's not
 

01:07:27.440 --> 01:07:28.549 align:start position:0%
it's it's not
&gt;&gt; because<01:07:27.680><c> you're</c><01:07:27.760><c> a</c><01:07:27.920><c> mathematician</c>

01:07:28.549 --> 01:07:28.559 align:start position:0%
&gt;&gt; because you're a mathematician
 

01:07:28.559 --> 01:07:30.150 align:start position:0%
&gt;&gt; because you're a mathematician
understands<01:07:28.960><c> systems.</c><01:07:29.680><c> It</c><01:07:29.839><c> seems</c><01:07:30.000><c> that</c>

01:07:30.150 --> 01:07:30.160 align:start position:0%
understands systems. It seems that
 

01:07:30.160 --> 01:07:31.510 align:start position:0%
understands systems. It seems that
anybody<01:07:30.559><c> understands</c><01:07:30.960><c> that</c><01:07:31.039><c> they</c><01:07:31.200><c> had</c><01:07:31.359><c> a</c>

01:07:31.510 --> 01:07:31.520 align:start position:0%
anybody understands that they had a
 

01:07:31.520 --> 01:07:33.589 align:start position:0%
anybody understands that they had a
systemic<01:07:32.000><c> problem,</c><01:07:32.640><c> you</c><01:07:32.960><c> at</c><01:07:32.960><c> least</c><01:07:33.280><c> be</c><01:07:33.440><c> the</c>

01:07:33.589 --> 01:07:33.599 align:start position:0%
systemic problem, you at least be the
 

01:07:33.599 --> 01:07:36.710 align:start position:0%
systemic problem, you at least be the
first<01:07:33.839><c> on</c><01:07:34.079><c> the</c><01:07:34.400><c> early</c><01:07:34.799><c> search</c><01:07:35.119><c> radar.</c><01:07:36.240><c> If</c><01:07:36.400><c> if</c>

01:07:36.710 --> 01:07:36.720 align:start position:0%
first on the early search radar. If if
 

01:07:36.720 --> 01:07:38.390 align:start position:0%
first on the early search radar. If if
you're<01:07:36.880><c> not</c><01:07:37.039><c> going</c><01:07:37.119><c> to</c><01:07:37.200><c> see</c><01:07:37.359><c> it,</c><01:07:37.599><c> then</c><01:07:37.920><c> then</c>

01:07:38.390 --> 01:07:38.400 align:start position:0%
you're not going to see it, then then
 

01:07:38.400 --> 01:07:40.470 align:start position:0%
you're not going to see it, then then
you're<01:07:38.880><c> then</c><01:07:39.200><c> I'm</c><01:07:39.520><c> really</c><01:07:39.760><c> afraid</c><01:07:40.240><c> because</c>

01:07:40.470 --> 01:07:40.480 align:start position:0%
you're then I'm really afraid because
 

01:07:40.480 --> 01:07:42.630 align:start position:0%
you're then I'm really afraid because
that<01:07:40.720><c> means</c><01:07:40.960><c> that</c><01:07:41.359><c> that</c><01:07:41.760><c> I</c><01:07:42.079><c> always</c><01:07:42.319><c> assume</c>

01:07:42.630 --> 01:07:42.640 align:start position:0%
that means that that I always assume
 

01:07:42.640 --> 01:07:43.990 align:start position:0%
that means that that I always assume
there's<01:07:42.880><c> at</c><01:07:42.880><c> least</c><01:07:43.119><c> a</c><01:07:43.280><c> set</c><01:07:43.359><c> of</c><01:07:43.520><c> guys</c><01:07:43.680><c> out</c><01:07:43.839><c> there</c>

01:07:43.990 --> 01:07:44.000 align:start position:0%
there's at least a set of guys out there
 

01:07:44.000 --> 01:07:45.670 align:start position:0%
there's at least a set of guys out there
that<01:07:44.240><c> have</c><01:07:44.400><c> some</c><01:07:44.640><c> sort</c><01:07:44.799><c> of</c><01:07:44.880><c> sense</c><01:07:45.440><c> that</c>

01:07:45.670 --> 01:07:45.680 align:start position:0%
that have some sort of sense that
 

01:07:45.680 --> 01:07:49.190 align:start position:0%
that have some sort of sense that
something's<01:07:46.079><c> not</c><01:07:46.319><c> right.</c>

01:07:49.190 --> 01:07:49.200 align:start position:0%
something's not right.
 

01:07:49.200 --> 01:07:50.950 align:start position:0%
something's not right.
Imagine

01:07:50.950 --> 01:07:50.960 align:start position:0%
Imagine
 

01:07:50.960 --> 01:07:53.109 align:start position:0%
Imagine
the<01:07:51.280><c> guy</c><01:07:51.440><c> who</c><01:07:51.680><c> has</c><01:07:52.160><c> a</c><01:07:52.400><c> stroke</c><01:07:52.640><c> or</c><01:07:52.799><c> had</c><01:07:52.960><c> the</c>

01:07:53.109 --> 01:07:53.119 align:start position:0%
the guy who has a stroke or had the
 

01:07:53.119 --> 01:07:55.430 align:start position:0%
the guy who has a stroke or had the
heart<01:07:53.359><c> attack</c><01:07:53.920><c> when</c><01:07:54.079><c> you</c><01:07:54.240><c> ask</c><01:07:54.480><c> him,</c><01:07:54.720><c> "Did</c><01:07:55.280><c> did</c>

01:07:55.430 --> 01:07:55.440 align:start position:0%
heart attack when you ask him, "Did did
 

01:07:55.440 --> 01:07:58.309 align:start position:0%
heart attack when you ask him, "Did did
you<01:07:55.680><c> feel</c><01:07:56.000><c> funny</c><01:07:56.319><c> the</c><01:07:56.559><c> day</c><01:07:56.799><c> before?"</c>

01:07:58.309 --> 01:07:58.319 align:start position:0%
you feel funny the day before?"
 

01:07:58.319 --> 01:07:59.670 align:start position:0%
you feel funny the day before?"
He's<01:07:58.559><c> going</c><01:07:58.640><c> to</c><01:07:58.720><c> tell</c><01:07:58.799><c> you,</c><01:07:58.960><c> "Yeah,</c><01:07:59.280><c> I</c><01:07:59.520><c> didn't</c>

01:07:59.670 --> 01:07:59.680 align:start position:0%
He's going to tell you, "Yeah, I didn't
 

01:07:59.680 --> 01:08:01.510 align:start position:0%
He's going to tell you, "Yeah, I didn't
feel<01:07:59.920><c> right.</c><01:08:00.160><c> Something</c><01:08:00.480><c> was</c><01:08:00.720><c> off.</c><01:08:01.119><c> I</c><01:08:01.359><c> didn't</c>

01:08:01.510 --> 01:08:01.520 align:start position:0%
feel right. Something was off. I didn't
 

01:08:01.520 --> 01:08:03.990 align:start position:0%
feel right. Something was off. I didn't
feel<01:08:01.760><c> right.</c><01:08:02.000><c> I</c><01:08:02.160><c> had</c><01:08:02.240><c> a</c><01:08:02.720><c> my</c><01:08:03.200><c> my</c><01:08:03.520><c> stomach</c><01:08:03.839><c> was</c>

01:08:03.990 --> 01:08:04.000 align:start position:0%
feel right. I had a my my stomach was
 

01:08:04.000 --> 01:08:05.750 align:start position:0%
feel right. I had a my my stomach was
right.<01:08:04.240><c> I</c><01:08:04.400><c> felt</c><01:08:04.559><c> a</c><01:08:04.720><c> little</c><01:08:04.880><c> dizzy.</c><01:08:05.200><c> I</c><01:08:05.359><c> felt</c><01:08:05.599><c> a</c>

01:08:05.750 --> 01:08:05.760 align:start position:0%
right. I felt a little dizzy. I felt a
 

01:08:05.760 --> 01:08:08.470 align:start position:0%
right. I felt a little dizzy. I felt a
little<01:08:05.920><c> weak.</c><01:08:07.359><c> But</c><01:08:07.520><c> if</c><01:08:07.680><c> you</c><01:08:07.839><c> asked</c><01:08:08.079><c> him</c><01:08:08.160><c> the</c>

01:08:08.470 --> 01:08:08.480 align:start position:0%
little weak. But if you asked him the
 

01:08:08.480 --> 01:08:09.750 align:start position:0%
little weak. But if you asked him the
day<01:08:08.640><c> before,</c><01:08:09.039><c> do</c><01:08:09.200><c> you</c><01:08:09.280><c> think</c><01:08:09.440><c> you're</c><01:08:09.599><c> going</c><01:08:09.680><c> to</c>

01:08:09.750 --> 01:08:09.760 align:start position:0%
day before, do you think you're going to
 

01:08:09.760 --> 01:08:11.430 align:start position:0%
day before, do you think you're going to
have<01:08:09.839><c> a</c><01:08:10.000><c> heart</c><01:08:10.160><c> attack</c><01:08:10.480><c> tomorrow?</c><01:08:10.960><c> He'd</c><01:08:11.200><c> say,</c>

01:08:11.430 --> 01:08:11.440 align:start position:0%
have a heart attack tomorrow? He'd say,
 

01:08:11.440 --> 01:08:12.870 align:start position:0%
have a heart attack tomorrow? He'd say,
no,<01:08:11.599><c> I</c><01:08:11.680><c> just</c><01:08:11.839><c> feel</c><01:08:12.000><c> a</c><01:08:12.079><c> little</c><01:08:12.160><c> weak.</c><01:08:12.480><c> I'm</c><01:08:12.720><c> a</c>

01:08:12.870 --> 01:08:12.880 align:start position:0%
no, I just feel a little weak. I'm a
 

01:08:12.880 --> 01:08:16.309 align:start position:0%
no, I just feel a little weak. I'm a
little<01:08:13.039><c> dizzy.</c><01:08:13.839><c> My</c><01:08:14.079><c> stomach</c><01:08:14.400><c> hurts.</c><01:08:15.760><c> So</c><01:08:16.080><c> the</c>

01:08:16.309 --> 01:08:16.319 align:start position:0%
little dizzy. My stomach hurts. So the
 

01:08:16.319 --> 01:08:18.950 align:start position:0%
little dizzy. My stomach hurts. So the
these<01:08:17.120><c> systems</c><01:08:17.600><c> and</c><01:08:17.759><c> that's</c><01:08:18.000><c> the</c><01:08:18.239><c> issue</c><01:08:18.640><c> of</c>

01:08:18.950 --> 01:08:18.960 align:start position:0%
these systems and that's the issue of
 

01:08:18.960 --> 01:08:21.829 align:start position:0%
these systems and that's the issue of
complexity.<01:08:20.159><c> What</c><01:08:20.400><c> complexity</c><01:08:21.120><c> says</c><01:08:21.359><c> is</c><01:08:21.600><c> that</c>

01:08:21.829 --> 01:08:21.839 align:start position:0%
complexity. What complexity says is that
 

01:08:21.839 --> 01:08:23.669 align:start position:0%
complexity. What complexity says is that
in<01:08:22.000><c> fact</c><01:08:22.400><c> this</c><01:08:22.719><c> everything</c><01:08:23.120><c> seems</c><01:08:23.359><c> to</c><01:08:23.520><c> go</c>

01:08:23.669 --> 01:08:23.679 align:start position:0%
in fact this everything seems to go
 

01:08:23.679 --> 01:08:25.430 align:start position:0%
in fact this everything seems to go
along<01:08:24.239><c> and</c><01:08:24.480><c> people</c><01:08:24.640><c> have</c><01:08:24.880><c> seen</c><01:08:25.040><c> it.</c><01:08:25.199><c> One</c><01:08:25.359><c> of</c>

01:08:25.430 --> 01:08:25.440 align:start position:0%
along and people have seen it. One of
 

01:08:25.440 --> 01:08:29.430 align:start position:0%
along and people have seen it. One of
the<01:08:25.600><c> great</c><01:08:25.759><c> examples</c><01:08:27.120><c> of</c><01:08:27.600><c> complex</c><01:08:28.159><c> systems</c><01:08:28.799><c> is</c>

01:08:29.430 --> 01:08:29.440 align:start position:0%
the great examples of complex systems is
 

01:08:29.440 --> 01:08:31.510 align:start position:0%
the great examples of complex systems is
sand<01:08:29.759><c> dunes.</c>

01:08:31.510 --> 01:08:31.520 align:start position:0%
sand dunes.
 

01:08:31.520 --> 01:08:33.189 align:start position:0%
sand dunes.
In<01:08:31.759><c> fact,</c><01:08:32.000><c> the</c><01:08:32.239><c> sand</c><01:08:32.480><c> keeps</c><01:08:32.799><c> building</c><01:08:33.040><c> up.</c>

01:08:33.189 --> 01:08:33.199 align:start position:0%
In fact, the sand keeps building up.
 

01:08:33.199 --> 01:08:35.110 align:start position:0%
In fact, the sand keeps building up.
People<01:08:33.520><c> have</c><01:08:33.679><c> seen</c><01:08:33.920><c> some</c><01:08:34.400><c> and</c><01:08:34.719><c> all</c><01:08:34.880><c> of</c><01:08:34.960><c> a</c>

01:08:35.110 --> 01:08:35.120 align:start position:0%
People have seen some and all of a
 

01:08:35.120 --> 01:08:40.229 align:start position:0%
People have seen some and all of a
sudden<01:08:36.400><c> one</c><01:08:36.719><c> more</c><01:08:37.359><c> sand</c><01:08:38.799><c> drop</c><01:08:39.600><c> and</c><01:08:39.839><c> the</c><01:08:40.000><c> thing</c>

01:08:40.229 --> 01:08:40.239 align:start position:0%
sudden one more sand drop and the thing
 

01:08:40.239 --> 01:08:41.669 align:start position:0%
sudden one more sand drop and the thing
start<01:08:40.480><c> all</c><01:08:40.560><c> the</c><01:08:40.719><c> sand</c><01:08:40.960><c> starts</c><01:08:41.279><c> running</c><01:08:41.520><c> down</c>

01:08:41.669 --> 01:08:41.679 align:start position:0%
start all the sand starts running down
 

01:08:41.679 --> 01:08:44.390 align:start position:0%
start all the sand starts running down
the<01:08:41.839><c> hills.</c><01:08:43.120><c> That's</c><01:08:43.359><c> the</c><01:08:43.600><c> way</c><01:08:43.759><c> I</c><01:08:44.080><c> see</c><01:08:44.239><c> the</c>

01:08:44.390 --> 01:08:44.400 align:start position:0%
the hills. That's the way I see the
 

01:08:44.400 --> 01:08:45.030 align:start position:0%
the hills. That's the way I see the
financial<01:08:44.719><c> market.</c>

01:08:45.030 --> 01:08:45.040 align:start position:0%
financial market.
 

01:08:45.040 --> 01:08:47.910 align:start position:0%
financial market.
&gt;&gt; But<01:08:45.120><c> you</c><01:08:45.279><c> funded</c><01:08:46.319><c> uh</c><01:08:46.880><c> Santa</c><01:08:47.199><c> Fe</c><01:08:47.359><c> in</c><01:08:47.520><c> the</c><01:08:47.679><c> early</c>

01:08:47.910 --> 01:08:47.920 align:start position:0%
&gt;&gt; But you funded uh Santa Fe in the early
 

01:08:47.920 --> 01:08:49.110 align:start position:0%
&gt;&gt; But you funded uh Santa Fe in the early
90s<01:08:48.159><c> or</c><01:08:48.400><c> late</c><01:08:48.640><c> 80s?</c>

01:08:49.110 --> 01:08:49.120 align:start position:0%
90s or late 80s?
 

01:08:49.120 --> 01:08:50.550 align:start position:0%
90s or late 80s?
&gt;&gt; I<01:08:49.359><c> believe</c><01:08:49.440><c> it</c><01:08:49.600><c> was</c><01:08:49.679><c> early</c><01:08:49.920><c> 90s.</c><01:08:50.239><c> I</c><01:08:50.400><c> can</c><01:08:50.480><c> get</c>

01:08:50.550 --> 01:08:50.560 align:start position:0%
&gt;&gt; I believe it was early 90s. I can get
 

01:08:50.560 --> 01:08:50.870 align:start position:0%
&gt;&gt; I believe it was early 90s. I can get
back<01:08:50.640><c> to</c>

01:08:50.870 --> 01:08:50.880 align:start position:0%
back to
 

01:08:50.880 --> 01:08:55.269 align:start position:0%
back to
&gt;&gt; but<01:08:51.040><c> but</c><01:08:51.839><c> early</c><01:08:52.319><c> 90s</c><01:08:53.040><c> Santa</c><01:08:53.359><c> Fe</c><01:08:53.600><c> was</c><01:08:53.759><c> funded</c>

01:08:55.269 --> 01:08:55.279 align:start position:0%
&gt;&gt; but but early 90s Santa Fe was funded
 

01:08:55.279 --> 01:08:57.269 align:start position:0%
&gt;&gt; but but early 90s Santa Fe was funded
for<01:08:55.520><c> the</c><01:08:55.679><c> study</c><01:08:55.920><c> of</c><01:08:56.080><c> complexity</c><01:08:56.640><c> theory.</c>

01:08:57.269 --> 01:08:57.279 align:start position:0%
for the study of complexity theory.
 

01:08:57.279 --> 01:09:00.229 align:start position:0%
for the study of complexity theory.
&gt;&gt; It<01:08:57.440><c> was</c><01:08:57.520><c> stud</c><01:08:58.239><c> math.</c><01:08:59.040><c> So</c><01:08:59.279><c> let's</c><01:08:59.520><c> let's</c><01:08:59.920><c> back</c>

01:09:00.229 --> 01:09:00.239 align:start position:0%
&gt;&gt; It was stud math. So let's let's back
 

01:09:00.239 --> 01:09:02.789 align:start position:0%
&gt;&gt; It was stud math. So let's let's back
up.<01:09:00.880><c> So</c><01:09:01.279><c> why</c><01:09:01.520><c> did</c><01:09:01.679><c> I</c><01:09:01.839><c> buy</c><01:09:01.920><c> a</c><01:09:02.159><c> ranch</c><01:09:02.400><c> in</c><01:09:02.640><c> New</c>

01:09:02.789 --> 01:09:02.799 align:start position:0%
up. So why did I buy a ranch in New
 

01:09:02.799 --> 01:09:05.590 align:start position:0%
up. So why did I buy a ranch in New
Mexico<01:09:03.199><c> 1993?</c><01:09:04.400><c> So</c><01:09:04.640><c> that's</c><01:09:05.040><c> gives</c><01:09:05.279><c> you</c><01:09:05.440><c> some</c>

01:09:05.590 --> 01:09:05.600 align:start position:0%
Mexico 1993? So that's gives you some
 

01:09:05.600 --> 01:09:06.950 align:start position:0%
Mexico 1993? So that's gives you some
sense.<01:09:05.839><c> So</c><01:09:05.920><c> I</c><01:09:06.080><c> would</c><01:09:06.159><c> have</c><01:09:06.319><c> funded</c><01:09:06.560><c> it</c><01:09:06.719><c> in</c>

01:09:06.950 --> 01:09:06.960 align:start position:0%
sense. So I would have funded it in
 

01:09:06.960 --> 01:09:08.789 align:start position:0%
sense. So I would have funded it in
1990.

01:09:08.789 --> 01:09:08.799 align:start position:0%
1990.
 

01:09:08.799 --> 01:09:13.030 align:start position:0%
1990.
Uh<01:09:10.080><c> Los</c><01:09:10.400><c> Alamos,</c><01:09:11.679><c> which</c><01:09:12.000><c> was</c><01:09:12.080><c> the</c><01:09:12.400><c> high</c><01:09:12.640><c> energy</c>

01:09:13.030 --> 01:09:13.040 align:start position:0%
Uh Los Alamos, which was the high energy
 

01:09:13.040 --> 01:09:16.229 align:start position:0%
Uh Los Alamos, which was the high energy
lab<01:09:13.359><c> up</c><01:09:13.920><c> in</c><01:09:14.319><c> New</c><01:09:14.560><c> Mexico,</c><01:09:15.279><c> was</c><01:09:15.520><c> losing</c><01:09:15.839><c> all</c><01:09:16.000><c> its</c>

01:09:16.229 --> 01:09:16.239 align:start position:0%
lab up in New Mexico, was losing all its
 

01:09:16.239 --> 01:09:17.510 align:start position:0%
lab up in New Mexico, was losing all its
scientists.

01:09:17.510 --> 01:09:17.520 align:start position:0%
scientists.
 

01:09:17.520 --> 01:09:20.070 align:start position:0%
scientists.
&gt;&gt; And<01:09:17.679><c> Los</c><01:09:17.920><c> Alamos,</c><01:09:18.799><c> it</c><01:09:18.960><c> was</c><01:09:19.120><c> where</c><01:09:19.440><c> Oppenheimer</c>

01:09:20.070 --> 01:09:20.080 align:start position:0%
&gt;&gt; And Los Alamos, it was where Oppenheimer
 

01:09:20.080 --> 01:09:22.229 align:start position:0%
&gt;&gt; And Los Alamos, it was where Oppenheimer
and<01:09:20.239><c> where</c><01:09:20.400><c> the</c><01:09:20.640><c> where</c><01:09:20.880><c> the</c><01:09:21.199><c> a</c><01:09:21.440><c> lot</c><01:09:21.520><c> of</c><01:09:21.600><c> the</c><01:09:22.000><c> the</c>

01:09:22.229 --> 01:09:22.239 align:start position:0%
and where the where the a lot of the the
 

01:09:22.239 --> 01:09:23.749 align:start position:0%
and where the where the a lot of the the
nuclear<01:09:22.560><c> weapons</c><01:09:22.880><c> program,</c><01:09:23.120><c> the</c><01:09:23.279><c> bomb,</c>

01:09:23.749 --> 01:09:23.759 align:start position:0%
nuclear weapons program, the bomb,
 

01:09:23.759 --> 01:09:24.950 align:start position:0%
nuclear weapons program, the bomb,
&gt;&gt; that's<01:09:23.920><c> where</c><01:09:24.080><c> Manhattan</c><01:09:24.480><c> Project</c>

01:09:24.950 --> 01:09:24.960 align:start position:0%
&gt;&gt; that's where Manhattan Project
 

01:09:24.960 --> 01:09:27.990 align:start position:0%
&gt;&gt; that's where Manhattan Project
&gt;&gt; Manhattan<01:09:25.440><c> Project</c><01:09:25.759><c> was</c><01:09:26.480><c> as</c><01:09:27.040><c> Los</c><01:09:27.279><c> Alamos.</c><01:09:27.839><c> And</c>

01:09:27.990 --> 01:09:28.000 align:start position:0%
&gt;&gt; Manhattan Project was as Los Alamos. And
 

01:09:28.000 --> 01:09:29.189 align:start position:0%
&gt;&gt; Manhattan Project was as Los Alamos. And
you<01:09:28.159><c> bought</c><01:09:28.400><c> your</c><01:09:28.640><c> property</c><01:09:28.880><c> out</c><01:09:28.960><c> in</c><01:09:29.040><c> New</c>

01:09:29.189 --> 01:09:29.199 align:start position:0%
you bought your property out in New
 

01:09:29.199 --> 01:09:31.030 align:start position:0%
you bought your property out in New
Mexico<01:09:29.440><c> to</c><01:09:29.600><c> be</c><01:09:29.759><c> near</c><01:09:29.920><c> that.</c><01:09:30.239><c> Yes,</c><01:09:30.560><c> because</c><01:09:30.799><c> the</c>

01:09:31.030 --> 01:09:31.040 align:start position:0%
Mexico to be near that. Yes, because the
 

01:09:31.040 --> 01:09:32.950 align:start position:0%
Mexico to be near that. Yes, because the
scientists<01:09:31.440><c> were</c><01:09:31.759><c> going</c><01:09:31.920><c> to</c><01:09:32.000><c> be</c><01:09:32.239><c> they</c><01:09:32.480><c> cut</c><01:09:32.719><c> the</c>

01:09:32.950 --> 01:09:32.960 align:start position:0%
scientists were going to be they cut the
 

01:09:32.960 --> 01:09:36.630 align:start position:0%
scientists were going to be they cut the
funding<01:09:33.839><c> for</c><01:09:34.080><c> high</c><01:09:34.400><c> energy</c><01:09:34.799><c> physics,</c><01:09:36.080><c> but</c><01:09:36.319><c> the</c>

01:09:36.630 --> 01:09:36.640 align:start position:0%
funding for high energy physics, but the
 

01:09:36.640 --> 01:09:38.229 align:start position:0%
funding for high energy physics, but the
people<01:09:36.799><c> who</c><01:09:37.040><c> worked</c><01:09:37.279><c> in</c><01:09:37.440><c> Los</c><01:09:37.679><c> Alamos</c><01:09:38.000><c> would</c>

01:09:38.229 --> 01:09:38.239 align:start position:0%
people who worked in Los Alamos would
 

01:09:38.239 --> 01:09:39.910 align:start position:0%
people who worked in Los Alamos would
still<01:09:38.400><c> be</c><01:09:38.480><c> in</c><01:09:38.640><c> the</c><01:09:38.799><c> Santa</c><01:09:39.040><c> Fe</c><01:09:39.359><c> area.</c>

01:09:39.910 --> 01:09:39.920 align:start position:0%
still be in the Santa Fe area.
 

01:09:39.920 --> 01:09:41.349 align:start position:0%
still be in the Santa Fe area.
&gt;&gt; They<01:09:40.159><c> cut</c><01:09:40.319><c> that</c><01:09:40.480><c> because</c><01:09:40.719><c> the</c><01:09:40.880><c> end</c><01:09:40.960><c> of</c><01:09:41.120><c> the</c>

01:09:41.349 --> 01:09:41.359 align:start position:0%
&gt;&gt; They cut that because the end of the
 

01:09:41.359 --> 01:09:43.510 align:start position:0%
&gt;&gt; They cut that because the end of the
this<01:09:41.520><c> was</c><01:09:41.679><c> the</c><01:09:41.759><c> cold</c><01:09:42.000><c> war</c><01:09:42.239><c> dividend,</c><01:09:42.799><c> right?</c>

01:09:43.510 --> 01:09:43.520 align:start position:0%
this was the cold war dividend, right?
 

01:09:43.520 --> 01:09:45.590 align:start position:0%
this was the cold war dividend, right?
&gt;&gt; I<01:09:43.839><c> don't</c><01:09:43.920><c> remember</c><01:09:44.480><c> exactly</c><01:09:44.880><c> why.</c><01:09:45.279><c> It</c><01:09:45.520><c> was</c>

01:09:45.590 --> 01:09:45.600 align:start position:0%
&gt;&gt; I don't remember exactly why. It was
 

01:09:45.600 --> 01:09:47.510 align:start position:0%
&gt;&gt; I don't remember exactly why. It was
because<01:09:45.920><c> again</c><01:09:46.400><c> people</c><01:09:46.640><c> thought</c><01:09:46.880><c> there</c><01:09:47.040><c> was</c>

01:09:47.510 --> 01:09:47.520 align:start position:0%
because again people thought there was
 

01:09:47.520 --> 01:09:49.349 align:start position:0%
because again people thought there was
that<01:09:47.759><c> physics</c><01:09:48.080><c> and</c><01:09:48.400><c> high</c><01:09:48.640><c> energy</c><01:09:48.960><c> physics</c>

01:09:49.349 --> 01:09:49.359 align:start position:0%
that physics and high energy physics
 

01:09:49.359 --> 01:09:50.390 align:start position:0%
that physics and high energy physics
really<01:09:49.520><c> wasn't</c><01:09:49.759><c> that</c><01:09:50.000><c> important</c>

01:09:50.390 --> 01:09:50.400 align:start position:0%
really wasn't that important
 

01:09:50.400 --> 01:09:52.309 align:start position:0%
really wasn't that important
&gt;&gt; because<01:09:50.560><c> that</c><01:09:50.799><c> was</c><01:09:50.880><c> about</c><01:09:51.120><c> nuclear</c><01:09:51.520><c> weapons.</c>

01:09:52.309 --> 01:09:52.319 align:start position:0%
&gt;&gt; because that was about nuclear weapons.
 

01:09:52.319 --> 01:09:54.310 align:start position:0%
&gt;&gt; because that was about nuclear weapons.
&gt;&gt; No,<01:09:52.560><c> it</c><01:09:52.719><c> was</c><01:09:52.880><c> because</c><01:09:53.120><c> they</c><01:09:53.359><c> were</c><01:09:53.600><c> trying</c><01:09:53.920><c> they</c>

01:09:54.310 --> 01:09:54.320 align:start position:0%
&gt;&gt; No, it was because they were trying they
 

01:09:54.320 --> 01:09:56.070 align:start position:0%
&gt;&gt; No, it was because they were trying they
decided<01:09:54.719><c> was</c><01:09:55.120><c> maybe</c><01:09:55.360><c> not</c><01:09:55.520><c> right.</c><01:09:55.760><c> This</c><01:09:56.000><c> was</c>

01:09:56.070 --> 01:09:56.080 align:start position:0%
decided was maybe not right. This was
 

01:09:56.080 --> 01:09:58.630 align:start position:0%
decided was maybe not right. This was
the<01:09:56.239><c> same</c><01:09:56.400><c> time</c><01:09:56.560><c> that</c><01:09:56.719><c> Murray</c><01:09:57.120><c> Galman</c><01:09:58.239><c> came</c><01:09:58.480><c> up</c>

01:09:58.630 --> 01:09:58.640 align:start position:0%
the same time that Murray Galman came up
 

01:09:58.640 --> 01:10:03.110 align:start position:0%
the same time that Murray Galman came up
with<01:09:58.800><c> the</c><01:09:59.120><c> term</c><01:09:59.520><c> quark.</c><01:10:00.320><c> Qu</c><01:10:00.640><c> U</c><01:10:00.960><c> A</c><01:10:01.120><c> R</c><01:10:01.360><c> K.</c><01:10:02.719><c> He</c><01:10:02.960><c> he</c>

01:10:03.110 --> 01:10:03.120 align:start position:0%
with the term quark. Qu U A R K. He he
 

01:10:03.120 --> 01:10:05.669 align:start position:0%
with the term quark. Qu U A R K. He he
picked<01:10:03.360><c> it</c><01:10:03.520><c> out</c><01:10:03.679><c> of</c><01:10:03.840><c> a</c><01:10:04.320><c> old</c><01:10:04.640><c> poem,</c><01:10:05.199><c> the</c><01:10:05.440><c> word</c>

01:10:05.669 --> 01:10:05.679 align:start position:0%
picked it out of a old poem, the word
 

01:10:05.679 --> 01:10:07.110 align:start position:0%
picked it out of a old poem, the word
quark.<01:10:06.080><c> But</c><01:10:06.159><c> it</c><01:10:06.320><c> was</c><01:10:06.480><c> something</c><01:10:06.800><c> it</c><01:10:06.960><c> was</c>

01:10:07.110 --> 01:10:07.120 align:start position:0%
quark. But it was something it was
 

01:10:07.120 --> 01:10:09.669 align:start position:0%
quark. But it was something it was
mysterious.<01:10:08.400><c> So</c><01:10:08.800><c> they</c><01:10:09.040><c> were</c><01:10:09.199><c> starting</c><01:10:09.440><c> to</c>

01:10:09.669 --> 01:10:09.679 align:start position:0%
mysterious. So they were starting to
 

01:10:09.679 --> 01:10:11.830 align:start position:0%
mysterious. So they were starting to
understand<01:10:10.239><c> in</c><01:10:10.480><c> the</c><01:10:10.640><c> '9s</c><01:10:11.040><c> that</c><01:10:11.360><c> the</c><01:10:11.520><c> in</c><01:10:11.760><c> the</c>

01:10:11.830 --> 01:10:11.840 align:start position:0%
understand in the '9s that the in the
 

01:10:11.840 --> 01:10:14.550 align:start position:0%
understand in the '9s that the in the
our<01:10:12.239><c> world</c><01:10:12.480><c> of</c><01:10:13.040><c> the</c><01:10:13.280><c> physical</c><01:10:13.840><c> world</c><01:10:14.400><c> there</c>

01:10:14.550 --> 01:10:14.560 align:start position:0%
our world of the physical world there
 

01:10:14.560 --> 01:10:17.910 align:start position:0%
our world of the physical world there
was<01:10:14.800><c> things</c><01:10:15.040><c> that</c><01:10:15.280><c> were</c><01:10:15.520><c> just</c><01:10:15.920><c> unexplainable.</c>

01:10:17.910 --> 01:10:17.920 align:start position:0%
was things that were just unexplainable.
 

01:10:17.920 --> 01:10:19.430 align:start position:0%
was things that were just unexplainable.
They<01:10:18.159><c> called</c><01:10:18.400><c> it</c><01:10:18.560><c> strange</c><01:10:18.880><c> things.</c><01:10:19.120><c> You</c><01:10:19.280><c> gave</c>

01:10:19.430 --> 01:10:19.440 align:start position:0%
They called it strange things. You gave
 

01:10:19.440 --> 01:10:20.870 align:start position:0%
They called it strange things. You gave
it<01:10:19.600><c> a</c><01:10:19.760><c> name.</c><01:10:20.159><c> You</c><01:10:20.320><c> gave</c><01:10:20.480><c> it</c><01:10:20.719><c> some</c>

01:10:20.870 --> 01:10:20.880 align:start position:0%
it a name. You gave it some
 

01:10:20.880 --> 01:10:23.830 align:start position:0%
it a name. You gave it some
characteristics.<01:10:22.239><c> You</c><01:10:22.400><c> called</c><01:10:22.640><c> it</c><01:10:22.960><c> had</c><01:10:23.199><c> charm</c>

01:10:23.830 --> 01:10:23.840 align:start position:0%
characteristics. You called it had charm
 

01:10:23.840 --> 01:10:25.430 align:start position:0%
characteristics. You called it had charm
was<01:10:24.000><c> one</c><01:10:24.159><c> of</c><01:10:24.239><c> the</c><01:10:24.320><c> term.</c><01:10:24.560><c> It</c><01:10:24.640><c> had</c><01:10:24.800><c> a</c><01:10:24.960><c> charm.</c><01:10:25.280><c> It</c>

01:10:25.430 --> 01:10:25.440 align:start position:0%
was one of the term. It had a charm. It
 

01:10:25.440 --> 01:10:28.790 align:start position:0%
was one of the term. It had a charm. It
had<01:10:25.600><c> a</c><01:10:25.760><c> flavor.</c><01:10:26.320><c> It</c><01:10:26.480><c> had</c><01:10:26.640><c> a</c><01:10:26.800><c> color.</c><01:10:28.000><c> But</c><01:10:28.400><c> nobody</c>

01:10:28.790 --> 01:10:28.800 align:start position:0%
had a flavor. It had a color. But nobody
 

01:10:28.800 --> 01:10:32.390 align:start position:0%
had a flavor. It had a color. But nobody
really<01:10:29.440><c> No</c><01:10:29.760><c> one,</c><01:10:30.880><c> Mr.</c><01:10:31.199><c> Bannon,</c><01:10:31.840><c> understood</c>

01:10:32.390 --> 01:10:32.400 align:start position:0%
really No one, Mr. Bannon, understood
 

01:10:32.400 --> 01:10:34.390 align:start position:0%
really No one, Mr. Bannon, understood
what<01:10:32.640><c> it</c><01:10:32.800><c> was,</c>

01:10:34.390 --> 01:10:34.400 align:start position:0%
what it was,
 

01:10:34.400 --> 01:10:36.470 align:start position:0%
what it was,
just<01:10:34.640><c> like</c><01:10:34.800><c> the</c><01:10:35.199><c> financial</c><01:10:35.600><c> system.</c>

01:10:36.470 --> 01:10:36.480 align:start position:0%
just like the financial system.
 

01:10:36.480 --> 01:10:38.470 align:start position:0%
just like the financial system.
&gt;&gt; And<01:10:36.640><c> you</c><01:10:36.880><c> wanted</c><01:10:37.040><c> to</c><01:10:37.280><c> investigate</c><01:10:37.760><c> that.</c>

01:10:38.470 --> 01:10:38.480 align:start position:0%
&gt;&gt; And you wanted to investigate that.
 

01:10:38.480 --> 01:10:40.470 align:start position:0%
&gt;&gt; And you wanted to investigate that.
&gt;&gt; I<01:10:38.800><c> I</c><01:10:39.120><c> wanted</c><01:10:39.280><c> to</c><01:10:39.440><c> see</c><01:10:39.600><c> if</c><01:10:39.760><c> we</c><01:10:40.000><c> could</c><01:10:40.159><c> build</c>

01:10:40.470 --> 01:10:40.480 align:start position:0%
&gt;&gt; I I wanted to see if we could build
 

01:10:40.480 --> 01:10:43.030 align:start position:0%
&gt;&gt; I I wanted to see if we could build
tools<01:10:41.360><c> so</c><01:10:41.600><c> others</c><01:10:42.159><c> smarter</c><01:10:42.560><c> than</c><01:10:42.640><c> me</c><01:10:42.880><c> could</c>

01:10:43.030 --> 01:10:43.040 align:start position:0%
tools so others smarter than me could
 

01:10:43.040 --> 01:10:43.990 align:start position:0%
tools so others smarter than me could
help<01:10:43.280><c> investigate</c><01:10:43.760><c> it.</c>

01:10:43.990 --> 01:10:44.000 align:start position:0%
help investigate it.
 

01:10:44.000 --> 01:10:45.430 align:start position:0%
help investigate it.
&gt;&gt; And<01:10:44.239><c> that</c><01:10:44.400><c> was</c><01:10:44.480><c> the</c><01:10:44.719><c> beginning</c><01:10:44.960><c> of</c><01:10:45.199><c> your</c>

01:10:45.430 --> 01:10:45.440 align:start position:0%
&gt;&gt; And that was the beginning of your
 

01:10:45.440 --> 01:10:47.030 align:start position:0%
&gt;&gt; And that was the beginning of your
concept<01:10:45.760><c> of</c><01:10:45.840><c> the</c><01:10:46.000><c> Santa</c><01:10:46.159><c> Fe</c><01:10:46.400><c> Institute.</c>

01:10:47.030 --> 01:10:47.040 align:start position:0%
concept of the Santa Fe Institute.
 

01:10:47.040 --> 01:10:49.189 align:start position:0%
concept of the Santa Fe Institute.
&gt;&gt; Yes.<01:10:47.679><c> And</c><01:10:47.840><c> Santa</c><01:10:48.080><c> Fe</c><01:10:48.320><c> Institute</c><01:10:48.640><c> was</c><01:10:48.880><c> founded</c>

01:10:49.189 --> 01:10:49.199 align:start position:0%
&gt;&gt; Yes. And Santa Fe Institute was founded
 

01:10:49.199 --> 01:10:52.229 align:start position:0%
&gt;&gt; Yes. And Santa Fe Institute was founded
to<01:10:49.440><c> do</c><01:10:49.920><c> study</c><01:10:50.400><c> in</c><01:10:50.880><c> this</c><01:10:51.120><c> type</c><01:10:51.360><c> of</c>

01:10:52.229 --> 01:10:52.239 align:start position:0%
to do study in this type of
 

01:10:52.239 --> 01:10:55.669 align:start position:0%
to do study in this type of
&gt;&gt; can<01:10:52.560><c> you</c><01:10:52.960><c> can</c><01:10:53.280><c> these</c><01:10:54.000><c> areas</c><01:10:54.480><c> of</c><01:10:54.800><c> strange</c>

01:10:55.669 --> 01:10:55.679 align:start position:0%
&gt;&gt; can you can these areas of strange
 

01:10:55.679 --> 01:10:58.630 align:start position:0%
&gt;&gt; can you can these areas of strange
things<01:10:56.560><c> be</c><01:10:56.800><c> described</c><01:10:57.360><c> by</c><01:10:57.920><c> some</c><01:10:58.239><c> form</c><01:10:58.480><c> of</c>

01:10:58.630 --> 01:10:58.640 align:start position:0%
things be described by some form of
 

01:10:58.640 --> 01:11:01.430 align:start position:0%
things be described by some form of
mathematics.

01:11:01.430 --> 01:11:01.440 align:start position:0%
mathematics.
 

01:11:01.440 --> 01:11:02.870 align:start position:0%
mathematics.
So<01:11:01.679><c> that's</c><01:11:01.920><c> what</c><01:11:02.080><c> I'm</c><01:11:02.159><c> trying</c><01:11:02.239><c> to</c><01:11:02.400><c> get</c><01:11:02.480><c> at.</c><01:11:02.800><c> The</c>

01:11:02.870 --> 01:11:02.880 align:start position:0%
So that's what I'm trying to get at. The
 

01:11:02.880 --> 01:11:05.030 align:start position:0%
So that's what I'm trying to get at. The
the<01:11:02.960><c> the</c><01:11:03.120><c> the</c><01:11:03.360><c> the</c><01:11:04.080><c> foundational</c><01:11:04.719><c> thought,</c>

01:11:05.030 --> 01:11:05.040 align:start position:0%
the the the the foundational thought,
 

01:11:05.040 --> 01:11:07.030 align:start position:0%
the the the the foundational thought,
the<01:11:05.280><c> organizing</c><01:11:05.920><c> principle</c>

01:11:07.030 --> 01:11:07.040 align:start position:0%
the organizing principle
 

01:11:07.040 --> 01:11:10.870 align:start position:0%
the organizing principle
&gt;&gt; of<01:11:07.360><c> Santa</c><01:11:07.600><c> Fe</c><01:11:08.239><c> in</c><01:11:08.400><c> the</c><01:11:08.560><c> high</c><01:11:08.800><c> physics</c><01:11:09.840><c> lab</c><01:11:10.239><c> at</c>

01:11:10.870 --> 01:11:10.880 align:start position:0%
&gt;&gt; of Santa Fe in the high physics lab at
 

01:11:10.880 --> 01:11:14.390 align:start position:0%
&gt;&gt; of Santa Fe in the high physics lab at
um<01:11:11.760><c> at</c><01:11:12.320><c> Los</c><01:11:12.640><c> Alamos,</c><01:11:13.360><c> which</c><01:11:13.600><c> had</c><01:11:13.840><c> created</c><01:11:14.080><c> the</c>

01:11:14.390 --> 01:11:14.400 align:start position:0%
um at Los Alamos, which had created the
 

01:11:14.400 --> 01:11:15.910 align:start position:0%
um at Los Alamos, which had created the
been<01:11:14.560><c> the</c><01:11:14.800><c> the</c><01:11:14.960><c> headquarters</c><01:11:15.280><c> of</c><01:11:15.440><c> Manhattan</c>

01:11:15.910 --> 01:11:15.920 align:start position:0%
been the the headquarters of Manhattan
 

01:11:15.920 --> 01:11:17.430 align:start position:0%
been the the headquarters of Manhattan
and<01:11:16.000><c> the</c><01:11:16.159><c> Trinity</c><01:11:16.560><c> project,</c><01:11:17.040><c> right?</c><01:11:17.280><c> The</c>

01:11:17.430 --> 01:11:17.440 align:start position:0%
and the Trinity project, right? The
 

01:11:17.440 --> 01:11:17.910 align:start position:0%
and the Trinity project, right? The
bomb.

01:11:17.910 --> 01:11:17.920 align:start position:0%
bomb.
 

01:11:17.920 --> 01:11:18.229 align:start position:0%
bomb.
&gt;&gt; Yes.

01:11:18.229 --> 01:11:18.239 align:start position:0%
&gt;&gt; Yes.
 

01:11:18.239 --> 01:11:19.910 align:start position:0%
&gt;&gt; Yes.
&gt;&gt; So<01:11:18.480><c> you're</c><01:11:18.719><c> talking</c><01:11:18.880><c> about</c><01:11:19.040><c> the</c><01:11:19.199><c> the</c><01:11:19.520><c> elite,</c>

01:11:19.910 --> 01:11:19.920 align:start position:0%
&gt;&gt; So you're talking about the the elite,
 

01:11:19.920 --> 01:11:21.110 align:start position:0%
&gt;&gt; So you're talking about the the elite,
the<01:11:20.159><c> high</c><01:11:20.400><c> priest</c>

01:11:21.110 --> 01:11:21.120 align:start position:0%
the high priest
 

01:11:21.120 --> 01:11:21.990 align:start position:0%
the high priest
&gt;&gt; of<01:11:21.360><c> physics.</c>

01:11:21.990 --> 01:11:22.000 align:start position:0%
&gt;&gt; of physics.
 

01:11:22.000 --> 01:11:22.630 align:start position:0%
&gt;&gt; of physics.
&gt;&gt; Of<01:11:22.159><c> physics.</c>

01:11:22.630 --> 01:11:22.640 align:start position:0%
&gt;&gt; Of physics.
 

01:11:22.640 --> 01:11:23.189 align:start position:0%
&gt;&gt; Of physics.
&gt;&gt; Yes,<01:11:22.800><c> sir.</c>

01:11:23.189 --> 01:11:23.199 align:start position:0%
&gt;&gt; Yes, sir.
 

01:11:23.199 --> 01:11:25.270 align:start position:0%
&gt;&gt; Yes, sir.
&gt;&gt; Which<01:11:23.679><c> high</c><01:11:23.920><c> priest</c><01:11:24.159><c> of</c><01:11:24.320><c> physics,</c><01:11:25.040><c> some</c>

01:11:25.270 --> 01:11:25.280 align:start position:0%
&gt;&gt; Which high priest of physics, some
 

01:11:25.280 --> 01:11:27.750 align:start position:0%
&gt;&gt; Which high priest of physics, some
subset<01:11:25.679><c> of</c><01:11:25.840><c> that</c><01:11:26.000><c> is</c><01:11:26.239><c> also</c><01:11:26.560><c> mathematics.</c>

01:11:27.750 --> 01:11:27.760 align:start position:0%
subset of that is also mathematics.
 

01:11:27.760 --> 01:11:30.550 align:start position:0%
subset of that is also mathematics.
&gt;&gt; Yes.<01:11:27.920><c> They're</c><01:11:28.080><c> both</c><01:11:28.400><c> similar.</c><01:11:29.760><c> project</c><01:11:30.159><c> out.</c>

01:11:30.550 --> 01:11:30.560 align:start position:0%
&gt;&gt; Yes. They're both similar. project out.
 

01:11:30.560 --> 01:11:31.990 align:start position:0%
&gt;&gt; Yes. They're both similar. project out.
One<01:11:30.719><c> of</c><01:11:30.800><c> the</c><01:11:30.960><c> tools</c><01:11:31.199><c> you</c><01:11:31.360><c> want</c><01:11:31.520><c> to</c><01:11:31.600><c> do</c><01:11:31.679><c> is</c><01:11:31.840><c> to</c>

01:11:31.990 --> 01:11:32.000 align:start position:0%
One of the tools you want to do is to
 

01:11:32.000 --> 01:11:34.709 align:start position:0%
One of the tools you want to do is to
make<01:11:32.159><c> sure</c><01:11:32.320><c> that</c><01:11:32.560><c> in</c><01:11:32.880><c> this</c><01:11:33.040><c> complex</c><01:11:33.600><c> system,</c>

01:11:34.709 --> 01:11:34.719 align:start position:0%
make sure that in this complex system,
 

01:11:34.719 --> 01:11:36.310 align:start position:0%
make sure that in this complex system,
the<01:11:34.960><c> finance</c><01:11:35.280><c> system,</c><01:11:35.679><c> I'm</c><01:11:35.920><c> doing</c><01:11:36.000><c> a</c><01:11:36.159><c> lot</c><01:11:36.239><c> of</c>

01:11:36.310 --> 01:11:36.320 align:start position:0%
the finance system, I'm doing a lot of
 

01:11:36.320 --> 01:11:37.750 align:start position:0%
the finance system, I'm doing a lot of
this<01:11:36.480><c> for</c><01:11:36.640><c> philanthropy</c><01:11:37.120><c> and</c><01:11:37.199><c> a</c><01:11:37.280><c> lot</c><01:11:37.520><c> for</c><01:11:37.679><c> the</c>

01:11:37.750 --> 01:11:37.760 align:start position:0%
this for philanthropy and a lot for the
 

01:11:37.760 --> 01:11:39.510 align:start position:0%
this for philanthropy and a lot for the
good<01:11:37.920><c> of</c><01:11:38.080><c> mankind,</c><01:11:38.400><c> but</c><01:11:38.719><c> also</c><01:11:38.880><c> to</c><01:11:39.040><c> be</c><01:11:39.199><c> able</c><01:11:39.360><c> to</c>

01:11:39.510 --> 01:11:39.520 align:start position:0%
good of mankind, but also to be able to
 

01:11:39.520 --> 01:11:41.830 align:start position:0%
good of mankind, but also to be able to
understand<01:11:40.320><c> this</c><01:11:40.640><c> complex</c><01:11:41.040><c> system,</c><01:11:41.360><c> the</c><01:11:41.679><c> most</c>

01:11:41.830 --> 01:11:41.840 align:start position:0%
understand this complex system, the most
 

01:11:41.840 --> 01:11:44.870 align:start position:0%
understand this complex system, the most
complex<01:11:42.400><c> outside</c><01:11:42.719><c> of</c><01:11:42.880><c> maybe</c><01:11:43.040><c> our</c><01:11:43.280><c> body</c><01:11:44.400><c> of</c><01:11:44.560><c> of</c>

01:11:44.870 --> 01:11:44.880 align:start position:0%
complex outside of maybe our body of of
 

01:11:44.880 --> 01:11:46.709 align:start position:0%
complex outside of maybe our body of of
the<01:11:45.040><c> financial</c><01:11:45.520><c> world.</c>

01:11:46.709 --> 01:11:46.719 align:start position:0%
the financial world.
 

01:11:46.719 --> 01:11:47.430 align:start position:0%
the financial world.
&gt;&gt; Yes.

01:11:47.430 --> 01:11:47.440 align:start position:0%
&gt;&gt; Yes.
 

01:11:47.440 --> 01:11:49.510 align:start position:0%
&gt;&gt; Yes.
&gt;&gt; Did<01:11:47.679><c> they</c><01:11:47.920><c> create</c><01:11:48.159><c> tools</c><01:11:48.480><c> or</c><01:11:48.719><c> were</c><01:11:48.880><c> you</c><01:11:49.040><c> a</c><01:11:49.360><c> were</c>

01:11:49.510 --> 01:11:49.520 align:start position:0%
&gt;&gt; Did they create tools or were you a were
 

01:11:49.520 --> 01:11:55.669 align:start position:0%
&gt;&gt; Did they create tools or were you a were
you<01:11:49.760><c> smarter</c><01:11:50.800><c> in</c><01:11:51.920><c> than</c><01:11:52.560><c> the</c><01:11:53.280><c> mid</c><01:11:53.679><c> as</c><01:11:55.040><c> 15</c><01:11:55.440><c> years</c>

01:11:55.669 --> 01:11:55.679 align:start position:0%
you smarter in than the mid as 15 years
 

01:11:55.679 --> 01:11:57.830 align:start position:0%
you smarter in than the mid as 15 years
later<01:11:56.400><c> than</c><01:11:56.560><c> you</c><01:11:56.719><c> had</c><01:11:56.960><c> been</c><01:11:57.120><c> then</c><01:11:57.440><c> because</c><01:11:57.600><c> of</c>

01:11:57.830 --> 01:11:57.840 align:start position:0%
later than you had been then because of
 

01:11:57.840 --> 01:12:00.390 align:start position:0%
later than you had been then because of
work<01:11:58.000><c> that</c><01:11:58.159><c> was</c><01:11:58.239><c> done</c><01:11:58.400><c> at</c><01:11:58.560><c> Santa</c><01:11:58.800><c> Fe?</c><01:11:59.120><c> No,</c><01:12:00.159><c> that</c>

01:12:00.390 --> 01:12:00.400 align:start position:0%
work that was done at Santa Fe? No, that
 

01:12:00.400 --> 01:12:02.950 align:start position:0%
work that was done at Santa Fe? No, that
was<01:12:00.560><c> it</c><01:12:00.719><c> was</c><01:12:00.880><c> great.</c><01:12:01.760><c> But</c><01:12:02.080><c> in</c><01:12:02.239><c> fact</c><01:12:02.560><c> most</c><01:12:02.800><c> of</c>

01:12:02.950 --> 01:12:02.960 align:start position:0%
was it was great. But in fact most of
 

01:12:02.960 --> 01:12:04.950 align:start position:0%
was it was great. But in fact most of
the<01:12:03.120><c> money</c><01:12:03.440><c> most</c><01:12:03.600><c> of</c><01:12:03.760><c> my</c><01:12:04.000><c> philanthropy</c><01:12:04.560><c> in</c><01:12:04.800><c> the</c>

01:12:04.950 --> 01:12:04.960 align:start position:0%
the money most of my philanthropy in the
 

01:12:04.960 --> 01:12:08.709 align:start position:0%
the money most of my philanthropy in the
area<01:12:05.280><c> of</c><01:12:06.080><c> can</c><01:12:06.480><c> you</c><01:12:07.360><c> describe</c><01:12:08.159><c> things</c><01:12:08.400><c> that</c>

01:12:08.709 --> 01:12:08.719 align:start position:0%
area of can you describe things that
 

01:12:08.719 --> 01:12:11.510 align:start position:0%
area of can you describe things that
appear<01:12:09.040><c> to</c><01:12:09.199><c> be</c><01:12:09.360><c> unexplainable</c>

01:12:11.510 --> 01:12:11.520 align:start position:0%
appear to be unexplainable
 

01:12:11.520 --> 01:12:13.350 align:start position:0%
appear to be unexplainable
by<01:12:11.840><c> mathematics</c>

01:12:13.350 --> 01:12:13.360 align:start position:0%
by mathematics
 

01:12:13.360 --> 01:12:15.430 align:start position:0%
by mathematics
and<01:12:13.600><c> can</c><01:12:13.920><c> can</c><01:12:14.159><c> you</c><01:12:14.320><c> fund</c><01:12:14.640><c> people</c><01:12:14.880><c> who</c><01:12:15.040><c> have</c><01:12:15.199><c> new</c>

01:12:15.430 --> 01:12:15.440 align:start position:0%
and can can you fund people who have new
 

01:12:15.440 --> 01:12:18.070 align:start position:0%
and can can you fund people who have new
ideas<01:12:16.480><c> and</c><01:12:16.719><c> unfortunately</c><01:12:17.520><c> when</c><01:12:17.840><c> someone</c>

01:12:18.070 --> 01:12:18.080 align:start position:0%
ideas and unfortunately when someone
 

01:12:18.080 --> 01:12:20.709 align:start position:0%
ideas and unfortunately when someone
thinks<01:12:18.320><c> they've</c><01:12:18.640><c> been</c><01:12:18.719><c> able</c><01:12:18.960><c> to</c><01:12:20.320><c> there's</c><01:12:20.560><c> a</c>

01:12:20.709 --> 01:12:20.719 align:start position:0%
thinks they've been able to there's a
 

01:12:20.719 --> 01:12:22.709 align:start position:0%
thinks they've been able to there's a
man<01:12:20.960><c> Steuart</c><01:12:21.199><c> Calfman</c><01:12:21.760><c> when</c><01:12:21.920><c> they</c><01:12:22.159><c> think</c><01:12:22.480><c> that</c>

01:12:22.709 --> 01:12:22.719 align:start position:0%
man Steuart Calfman when they think that
 

01:12:22.719 --> 01:12:25.510 align:start position:0%
man Steuart Calfman when they think that
okay<01:12:23.120><c> I</c><01:12:23.360><c> figured</c><01:12:23.679><c> out</c><01:12:23.920><c> how</c><01:12:24.159><c> to</c><01:12:24.880><c> be</c><01:12:25.040><c> able</c><01:12:25.280><c> to</c>

01:12:25.510 --> 01:12:25.520 align:start position:0%
okay I figured out how to be able to
 

01:12:25.520 --> 01:12:27.430 align:start position:0%
okay I figured out how to be able to
predict<01:12:25.920><c> the</c><01:12:26.159><c> unpredictable</c><01:12:26.960><c> what</c><01:12:27.120><c> appears</c>

01:12:27.430 --> 01:12:27.440 align:start position:0%
predict the unpredictable what appears
 

01:12:27.440 --> 01:12:29.510 align:start position:0%
predict the unpredictable what appears
to<01:12:27.600><c> other</c><01:12:27.760><c> people</c><01:12:27.920><c> to</c><01:12:28.159><c> be</c><01:12:28.239><c> unpredictable</c><01:12:29.280><c> but</c>

01:12:29.510 --> 01:12:29.520 align:start position:0%
to other people to be unpredictable but
 

01:12:29.520 --> 01:12:31.990 align:start position:0%
to other people to be unpredictable but
my<01:12:30.239><c> system</c><01:12:31.040><c> in</c><01:12:31.360><c> those</c><01:12:31.520><c> days</c><01:12:31.600><c> it</c><01:12:31.760><c> was</c><01:12:31.920><c> called</c>

01:12:31.990 --> 01:12:32.000 align:start position:0%
my system in those days it was called
 

01:12:32.000 --> 01:12:35.030 align:start position:0%
my system in those days it was called
genetic<01:12:32.480><c> algorithms</c><01:12:33.679><c> can</c><01:12:34.000><c> predict</c><01:12:34.320><c> the</c><01:12:34.719><c> what</c>

01:12:35.030 --> 01:12:35.040 align:start position:0%
genetic algorithms can predict the what
 

01:12:35.040 --> 01:12:36.550 align:start position:0%
genetic algorithms can predict the what
things<01:12:35.280><c> will</c><01:12:35.440><c> happen</c><01:12:35.679><c> then</c><01:12:35.920><c> they</c><01:12:36.080><c> all</c><01:12:36.239><c> want</c><01:12:36.400><c> to</c>

01:12:36.550 --> 01:12:36.560 align:start position:0%
things will happen then they all want to
 

01:12:36.560 --> 01:12:38.790 align:start position:0%
things will happen then they all want to
make<01:12:36.719><c> money</c><01:12:37.360><c> so</c><01:12:37.520><c> they</c><01:12:37.840><c> use</c><01:12:38.080><c> their</c><01:12:38.239><c> systems</c><01:12:38.560><c> to</c>

01:12:38.790 --> 01:12:38.800 align:start position:0%
make money so they use their systems to
 

01:12:38.800 --> 01:12:41.750 align:start position:0%
make money so they use their systems to
try<01:12:38.960><c> to</c><01:12:39.360><c> figure</c><01:12:39.679><c> out</c><01:12:40.480><c> they</c><01:12:40.719><c> know</c><01:12:41.280><c> they</c><01:12:41.600><c> have</c>

01:12:41.750 --> 01:12:41.760 align:start position:0%
try to figure out they know they have
 

01:12:41.760 --> 01:12:43.669 align:start position:0%
try to figure out they know they have
figured<01:12:42.000><c> out</c><01:12:42.159><c> the</c><01:12:42.400><c> way</c><01:12:42.480><c> to</c><01:12:42.719><c> make</c><01:12:42.880><c> money</c>

01:12:43.669 --> 01:12:43.679 align:start position:0%
figured out the way to make money
 

01:12:43.679 --> 01:12:44.630 align:start position:0%
figured out the way to make money
because<01:12:43.920><c> they</c><01:12:44.159><c> figured</c><01:12:44.400><c> out</c><01:12:44.480><c> the</c>

01:12:44.630 --> 01:12:44.640 align:start position:0%
because they figured out the
 

01:12:44.640 --> 01:12:47.430 align:start position:0%
because they figured out the
unexplainable<01:12:45.679><c> they</c><01:12:46.000><c> try</c><01:12:46.400><c> they</c><01:12:46.640><c> go</c><01:12:46.800><c> bankrupt</c>

01:12:47.430 --> 01:12:47.440 align:start position:0%
unexplainable they try they go bankrupt
 

01:12:47.440 --> 01:12:51.110 align:start position:0%
unexplainable they try they go bankrupt
and<01:12:47.600><c> we</c><01:12:47.840><c> start</c><01:12:48.000><c> again</c><01:12:48.960><c> so</c><01:12:49.280><c> in</c><01:12:50.239><c> with</c><01:12:50.480><c> a</c><01:12:50.719><c> cold</c>

01:12:51.110 --> 01:12:51.120 align:start position:0%
and we start again so in with a cold
 

01:12:51.120 --> 01:12:53.750 align:start position:0%
and we start again so in with a cold
view<01:12:52.080><c> what</c><01:12:52.320><c> I've</c><01:12:52.640><c> come</c><01:12:52.880><c> to</c><01:12:53.040><c> realize</c><01:12:53.360><c> is</c><01:12:53.520><c> that</c>

01:12:53.750 --> 01:12:53.760 align:start position:0%
view what I've come to realize is that
 

01:12:53.760 --> 01:12:57.830 align:start position:0%
view what I've come to realize is that
the<01:12:53.920><c> the</c><01:12:54.320><c> attempt</c><01:12:54.800><c> to</c><01:12:55.120><c> mathematize</c><01:12:56.560><c> formulize</c>

01:12:57.830 --> 01:12:57.840 align:start position:0%
the the attempt to mathematize formulize
 

01:12:57.840 --> 01:13:00.870 align:start position:0%
the the attempt to mathematize formulize
or<01:12:58.159><c> what</c><01:12:58.400><c> in</c><01:12:58.640><c> your</c><01:12:58.960><c> prior</c><01:12:59.360><c> work</c><01:12:59.679><c> to</c><01:13:00.080><c> understand</c>

01:13:00.870 --> 01:13:00.880 align:start position:0%
or what in your prior work to understand
 

01:13:00.880 --> 01:13:04.310 align:start position:0%
or what in your prior work to understand
What<01:13:01.199><c> really</c><01:13:01.520><c> is</c><01:13:02.480><c> in</c><01:13:02.800><c> today's</c><01:13:03.120><c> world</c><01:13:03.920><c> still</c>

01:13:04.310 --> 01:13:04.320 align:start position:0%
What really is in today's world still
 

01:13:04.320 --> 01:13:06.229 align:start position:0%
What really is in today's world still
unexplainable

01:13:06.229 --> 01:13:06.239 align:start position:0%
unexplainable
 

01:13:06.239 --> 01:13:10.709 align:start position:0%
unexplainable
is<01:13:06.480><c> impossible.</c><01:13:07.760><c> They're</c><01:13:08.080><c> miracles.</c>

01:13:10.709 --> 01:13:10.719 align:start position:0%
is impossible. They're miracles.
 

01:13:10.719 --> 01:13:13.669 align:start position:0%
is impossible. They're miracles.
&gt;&gt; The<01:13:11.520><c> uh</c><01:13:12.159><c> your</c><01:13:12.400><c> first</c><01:13:12.640><c> head</c><01:13:12.800><c> of</c><01:13:12.960><c> Santa</c><01:13:13.199><c> Fe</c><01:13:13.440><c> was</c>

01:13:13.669 --> 01:13:13.679 align:start position:0%
&gt;&gt; The uh your first head of Santa Fe was
 

01:13:13.679 --> 01:13:15.430 align:start position:0%
&gt;&gt; The uh your first head of Santa Fe was
Christopher

01:13:15.430 --> 01:13:15.440 align:start position:0%
Christopher
 

01:13:15.440 --> 01:13:16.229 align:start position:0%
Christopher
&gt;&gt; Langden.<01:13:15.920><c> I</c><01:13:16.000><c> think</c>

01:13:16.229 --> 01:13:16.239 align:start position:0%
&gt;&gt; Langden. I think
 

01:13:16.239 --> 01:13:17.510 align:start position:0%
&gt;&gt; Langden. I think
&gt;&gt; Langden<01:13:16.640><c> from</c><01:13:16.800><c> from</c><01:13:17.040><c> Australia.</c>

01:13:17.510 --> 01:13:17.520 align:start position:0%
&gt;&gt; Langden from from Australia.
 

01:13:17.520 --> 01:13:18.310 align:start position:0%
&gt;&gt; Langden from from Australia.
&gt;&gt; Murray<01:13:17.760><c> Gman</c><01:13:18.080><c> was</c>

01:13:18.310 --> 01:13:18.320 align:start position:0%
&gt;&gt; Murray Gman was
 

01:13:18.320 --> 01:13:20.630 align:start position:0%
&gt;&gt; Murray Gman was
&gt;&gt; Mur<01:13:18.560><c> Gman</c><01:13:18.880><c> was</c><01:13:19.199><c> the</c><01:13:19.280><c> fun.</c><01:13:19.840><c> He</c><01:13:19.920><c> was</c><01:13:20.159><c> he</c><01:13:20.320><c> was</c><01:13:20.400><c> the</c>

01:13:20.630 --> 01:13:20.640 align:start position:0%
&gt;&gt; Mur Gman was the fun. He was he was the
 

01:13:20.640 --> 01:13:21.910 align:start position:0%
&gt;&gt; Mur Gman was the fun. He was he was the
the<01:13:20.719><c> the</c><01:13:21.440><c> rock.</c>

01:13:21.910 --> 01:13:21.920 align:start position:0%
the the rock.
 

01:13:21.920 --> 01:13:23.910 align:start position:0%
the the rock.
&gt;&gt; Yes.<01:13:22.159><c> He</c><01:13:22.239><c> was</c><01:13:22.400><c> the</c><01:13:22.480><c> rock.</c><01:13:23.040><c> He</c><01:13:23.199><c> was</c><01:13:23.360><c> a</c><01:13:23.520><c> Nobel</c>

01:13:23.910 --> 01:13:23.920 align:start position:0%
&gt;&gt; Yes. He was the rock. He was a Nobel
 

01:13:23.920 --> 01:13:24.550 align:start position:0%
&gt;&gt; Yes. He was the rock. He was a Nobel
Prize<01:13:24.159><c> winner.</c>

01:13:24.550 --> 01:13:24.560 align:start position:0%
Prize winner.
 

01:13:24.560 --> 01:13:24.870 align:start position:0%
Prize winner.
&gt;&gt; Yes.

01:13:24.870 --> 01:13:24.880 align:start position:0%
&gt;&gt; Yes.
 

01:13:24.880 --> 01:13:26.790 align:start position:0%
&gt;&gt; Yes.
&gt;&gt; Yes.<01:13:25.199><c> And</c><01:13:25.280><c> and</c><01:13:25.600><c> a</c><01:13:25.840><c> wonderful</c><01:13:26.239><c> guy.</c><01:13:26.480><c> He</c><01:13:26.640><c> came</c>

01:13:26.790 --> 01:13:26.800 align:start position:0%
&gt;&gt; Yes. And and a wonderful guy. He came
 

01:13:26.800 --> 01:13:28.390 align:start position:0%
&gt;&gt; Yes. And and a wonderful guy. He came
out<01:13:26.960><c> and</c><01:13:27.120><c> helped</c><01:13:27.360><c> us</c><01:13:27.440><c> with</c><01:13:27.520><c> the</c><01:13:27.679><c> bias</c><01:13:27.920><c> for</c><01:13:28.159><c> two</c>

01:13:28.390 --> 01:13:28.400 align:start position:0%
out and helped us with the bias for two
 

01:13:28.400 --> 01:13:31.189 align:start position:0%
out and helped us with the bias for two
project.<01:13:28.960><c> He</c><01:13:29.199><c> came</c><01:13:29.440><c> with</c><01:13:30.400><c> Chris</c><01:13:30.719><c> Landon.</c>

01:13:31.189 --> 01:13:31.199 align:start position:0%
project. He came with Chris Landon.
 

01:13:31.199 --> 01:13:33.590 align:start position:0%
project. He came with Chris Landon.
Yeah.<01:13:31.440><c> Chris</c><01:13:31.679><c> Landon</c><01:13:32.080><c> was</c><01:13:32.239><c> the</c><01:13:33.120><c> operating</c><01:13:33.440><c> the</c>

01:13:33.590 --> 01:13:33.600 align:start position:0%
Yeah. Chris Landon was the operating the
 

01:13:33.600 --> 01:13:34.149 align:start position:0%
Yeah. Chris Landon was the operating the
dayto-day.

01:13:34.149 --> 01:13:34.159 align:start position:0%
dayto-day.
 

01:13:34.159 --> 01:13:36.550 align:start position:0%
dayto-day.
&gt;&gt; Chris<01:13:34.320><c> was</c><01:13:34.480><c> doing</c><01:13:34.640><c> artificial</c><01:13:35.280><c> life.</c><01:13:35.920><c> Murray</c>

01:13:36.550 --> 01:13:36.560 align:start position:0%
&gt;&gt; Chris was doing artificial life. Murray
 

01:13:36.560 --> 01:13:38.550 align:start position:0%
&gt;&gt; Chris was doing artificial life. Murray
tried<01:13:36.880><c> to</c><01:13:37.040><c> lead</c><01:13:37.199><c> his</c><01:13:37.360><c> own</c><01:13:37.600><c> artificial</c><01:13:38.159><c> life.</c>

01:13:38.550 --> 01:13:38.560 align:start position:0%
tried to lead his own artificial life.
 

01:13:38.560 --> 01:13:40.709 align:start position:0%
tried to lead his own artificial life.
&gt;&gt; Yes.

01:13:40.709 --> 01:13:40.719 align:start position:0%
&gt;&gt; Yes.
 

01:13:40.719 --> 01:13:42.709 align:start position:0%
&gt;&gt; Yes.
&gt;&gt; When<01:13:41.040><c> Chris</c><01:13:41.280><c> came</c><01:13:41.440><c> to</c><01:13:41.600><c> Biosphere</c><01:13:42.159><c> 2</c><01:13:42.400><c> for</c><01:13:42.560><c> the</c>

01:13:42.709 --> 01:13:42.719 align:start position:0%
&gt;&gt; When Chris came to Biosphere 2 for the
 

01:13:42.719 --> 01:13:45.669 align:start position:0%
&gt;&gt; When Chris came to Biosphere 2 for the
for<01:13:42.960><c> the</c><01:13:43.199><c> first</c><01:13:44.480><c> um</c><01:13:44.719><c> big</c><01:13:44.960><c> conference</c><01:13:45.280><c> we</c><01:13:45.520><c> had</c>

01:13:45.669 --> 01:13:45.679 align:start position:0%
for the first um big conference we had
 

01:13:45.679 --> 01:13:47.910 align:start position:0%
for the first um big conference we had
in<01:13:45.760><c> 1994,</c><01:13:46.880><c> he</c><01:13:47.120><c> was</c><01:13:47.280><c> one</c><01:13:47.520><c> of</c><01:13:47.600><c> the</c><01:13:47.760><c> most</c>

01:13:47.910 --> 01:13:47.920 align:start position:0%
in 1994, he was one of the most
 

01:13:47.920 --> 01:13:50.310 align:start position:0%
in 1994, he was one of the most
impressive<01:13:48.400><c> guys</c><01:13:48.880><c> there</c><01:13:49.600><c> among</c><01:13:50.000><c> all</c><01:13:50.159><c> the</c>

01:13:50.310 --> 01:13:50.320 align:start position:0%
impressive guys there among all the
 

01:13:50.320 --> 01:13:52.790 align:start position:0%
impressive guys there among all the
world's<01:13:50.560><c> elite.</c><01:13:50.880><c> Q</c><01:13:51.199><c> Gardens,</c><01:13:51.760><c> the</c><01:13:52.400><c> Lawrence</c>

01:13:52.790 --> 01:13:52.800 align:start position:0%
world's elite. Q Gardens, the Lawrence
 

01:13:52.800 --> 01:13:54.950 align:start position:0%
world's elite. Q Gardens, the Lawrence
Liverour<01:13:53.440><c> lab,</c><01:13:53.840><c> the</c><01:13:54.000><c> the</c><01:13:54.080><c> the</c><01:13:54.560><c> labs</c><01:13:54.800><c> at</c>

01:13:54.950 --> 01:13:54.960 align:start position:0%
Liverour lab, the the the labs at
 

01:13:54.960 --> 01:13:57.510 align:start position:0%
Liverour lab, the the the labs at
Sandia,<01:13:56.159><c> um</c><01:13:56.560><c> you</c><01:13:56.719><c> know,</c><01:13:56.880><c> all</c><01:13:57.040><c> the</c><01:13:57.199><c> all</c><01:13:57.360><c> the</c>

01:13:57.510 --> 01:13:57.520 align:start position:0%
Sandia, um you know, all the all the
 

01:13:57.520 --> 01:14:00.310 align:start position:0%
Sandia, um you know, all the all the
major<01:13:57.840><c> universities,</c><01:13:58.400><c> Lamont</c><01:13:58.880><c> Dary,</c><01:13:59.920><c> uh</c><01:14:00.159><c> all</c>

01:14:00.310 --> 01:14:00.320 align:start position:0%
major universities, Lamont Dary, uh all
 

01:14:00.320 --> 01:14:02.709 align:start position:0%
major universities, Lamont Dary, uh all
the<01:14:00.400><c> big</c><01:14:00.640><c> earth</c><01:14:00.880><c> observatories,</c><01:14:01.440><c> Woods</c><01:14:01.760><c> Hole.</c>

01:14:02.709 --> 01:14:02.719 align:start position:0%
the big earth observatories, Woods Hole.
 

01:14:02.719 --> 01:14:05.510 align:start position:0%
the big earth observatories, Woods Hole.
What<01:14:03.040><c> set</c><01:14:03.280><c> Langden</c><01:14:03.760><c> apart</c><01:14:04.080><c> I</c><01:14:04.400><c> thought</c><01:14:05.120><c> and</c><01:14:05.360><c> the</c>

01:14:05.510 --> 01:14:05.520 align:start position:0%
What set Langden apart I thought and the
 

01:14:05.520 --> 01:14:07.270 align:start position:0%
What set Langden apart I thought and the
reason<01:14:05.679><c> I</c><01:14:05.920><c> invited</c><01:14:06.320><c> Santa</c><01:14:06.560><c> Fe</c><01:14:06.800><c> to</c><01:14:06.960><c> be</c><01:14:07.040><c> part</c><01:14:07.120><c> of</c>

01:14:07.270 --> 01:14:07.280 align:start position:0%
reason I invited Santa Fe to be part of
 

01:14:07.280 --> 01:14:08.790 align:start position:0%
reason I invited Santa Fe to be part of
it<01:14:07.440><c> was</c><01:14:07.679><c> Langden</c><01:14:08.159><c> actually</c><01:14:08.400><c> made</c><01:14:08.560><c> a</c>

01:14:08.790 --> 01:14:08.800 align:start position:0%
it was Langden actually made a
 

01:14:08.800 --> 01:14:11.590 align:start position:0%
it was Langden actually made a
presentation<01:14:09.280><c> that</c><01:14:10.480><c> everything</c><01:14:11.040><c> and</c><01:14:11.280><c> he</c><01:14:11.440><c> was</c>

01:14:11.590 --> 01:14:11.600 align:start position:0%
presentation that everything and he was
 

01:14:11.600 --> 01:14:12.790 align:start position:0%
presentation that everything and he was
making<01:14:11.760><c> this</c><01:14:11.920><c> to</c><01:14:12.159><c> scientists</c><01:14:12.560><c> a</c><01:14:12.640><c> lot</c><01:14:12.719><c> of</c>

01:14:12.790 --> 01:14:12.800 align:start position:0%
making this to scientists a lot of
 

01:14:12.800 --> 01:14:14.390 align:start position:0%
making this to scientists a lot of
marine<01:14:13.120><c> biologists</c><01:14:13.679><c> a</c><01:14:13.760><c> lot</c><01:14:13.840><c> of</c><01:14:13.920><c> people</c><01:14:14.239><c> that</c>

01:14:14.390 --> 01:14:14.400 align:start position:0%
marine biologists a lot of people that
 

01:14:14.400 --> 01:14:16.149 align:start position:0%
marine biologists a lot of people that
just<01:14:14.560><c> beginning</c><01:14:14.960><c> Wally</c><01:14:15.360><c> Broker</c><01:14:15.679><c> and</c><01:14:15.920><c> people</c>

01:14:16.149 --> 01:14:16.159 align:start position:0%
just beginning Wally Broker and people
 

01:14:16.159 --> 01:14:18.229 align:start position:0%
just beginning Wally Broker and people
were<01:14:16.320><c> just</c><01:14:16.480><c> beginning</c><01:14:16.719><c> the</c><01:14:16.960><c> study</c><01:14:17.280><c> of</c><01:14:17.840><c> climate</c>

01:14:18.229 --> 01:14:18.239 align:start position:0%
were just beginning the study of climate
 

01:14:18.239 --> 01:14:19.750 align:start position:0%
were just beginning the study of climate
change<01:14:18.560><c> at</c><01:14:18.800><c> that</c><01:14:18.960><c> time</c><01:14:19.120><c> called</c><01:14:19.360><c> global</c>

01:14:19.750 --> 01:14:19.760 align:start position:0%
change at that time called global
 

01:14:19.760 --> 01:14:22.550 align:start position:0%
change at that time called global
warming<01:14:21.199><c> that</c><01:14:21.520><c> he</c><01:14:21.679><c> made</c><01:14:21.840><c> this</c><01:14:22.080><c> compelling</c>

01:14:22.550 --> 01:14:22.560 align:start position:0%
warming that he made this compelling
 

01:14:22.560 --> 01:14:24.390 align:start position:0%
warming that he made this compelling
presentation<01:14:23.120><c> that</c><01:14:23.520><c> everything's</c><01:14:24.080><c> really</c>

01:14:24.390 --> 01:14:24.400 align:start position:0%
presentation that everything's really
 

01:14:24.400 --> 01:14:25.750 align:start position:0%
presentation that everything's really
mathematics

01:14:25.750 --> 01:14:25.760 align:start position:0%
mathematics
 

01:14:25.760 --> 01:14:28.149 align:start position:0%
mathematics
&gt;&gt; it's<01:14:26.000><c> all</c><01:14:26.320><c> just</c><01:14:26.640><c> back</c><01:14:26.960><c> to</c><01:14:27.120><c> math</c>

01:14:28.149 --> 01:14:28.159 align:start position:0%
&gt;&gt; it's all just back to math
 

01:14:28.159 --> 01:14:30.070 align:start position:0%
&gt;&gt; it's all just back to math
&gt;&gt; and<01:14:28.400><c> you</c><01:14:28.560><c> have</c><01:14:28.719><c> to</c><01:14:29.280><c> all</c><01:14:29.440><c> these</c><01:14:29.679><c> experiments</c>

01:14:30.070 --> 01:14:30.080 align:start position:0%
&gt;&gt; and you have to all these experiments
 

01:14:30.080 --> 01:14:31.510 align:start position:0%
&gt;&gt; and you have to all these experiments
you<01:14:30.239><c> do</c><01:14:30.480><c> you're</c><01:14:30.640><c> not</c><01:14:30.880><c> one</c><01:14:31.040><c> of</c><01:14:31.120><c> the</c><01:14:31.280><c> reasons</c>

01:14:31.510 --> 01:14:31.520 align:start position:0%
you do you're not one of the reasons
 

01:14:31.520 --> 01:14:32.870 align:start position:0%
you do you're not one of the reasons
they're

01:14:32.870 --> 01:14:32.880 align:start position:0%
they're
 

01:14:32.880 --> 01:14:35.270 align:start position:0%
they're
considered<01:14:33.440><c> by</c><01:14:33.679><c> the</c><01:14:33.920><c> high</c><01:14:34.159><c> priest</c><01:14:34.400><c> in</c><01:14:34.640><c> physics</c>

01:14:35.270 --> 01:14:35.280 align:start position:0%
considered by the high priest in physics
 

01:14:35.280 --> 01:14:38.229 align:start position:0%
considered by the high priest in physics
as<01:14:35.600><c> being</c><01:14:35.840><c> real</c><01:14:36.159><c> experiments</c><01:14:37.440><c> is</c><01:14:37.679><c> that</c><01:14:38.000><c> they</c>

01:14:38.229 --> 01:14:38.239 align:start position:0%
as being real experiments is that they
 

01:14:38.239 --> 01:14:39.830 align:start position:0%
as being real experiments is that they
don't<01:14:38.400><c> have</c><01:14:38.480><c> a</c><01:14:38.640><c> mathematical</c><01:14:39.280><c> basis</c><01:14:39.520><c> to</c><01:14:39.679><c> it</c>

01:14:39.830 --> 01:14:39.840 align:start position:0%
don't have a mathematical basis to it
 

01:14:39.840 --> 01:14:41.669 align:start position:0%
don't have a mathematical basis to it
and<01:14:40.159><c> everything</c><01:14:40.480><c> has</c><01:14:40.719><c> a</c><01:14:40.880><c> mathematical</c><01:14:41.440><c> basis</c>

01:14:41.669 --> 01:14:41.679 align:start position:0%
and everything has a mathematical basis
 

01:14:41.679 --> 01:14:45.430 align:start position:0%
and everything has a mathematical basis
to<01:14:41.840><c> it.</c><01:14:42.560><c> Langon</c><01:14:43.120><c> seemed</c><01:14:43.440><c> like</c><01:14:43.840><c> a</c><01:14:44.960><c> radical</c>

01:14:45.430 --> 01:14:45.440 align:start position:0%
to it. Langon seemed like a radical
 

01:14:45.440 --> 01:14:47.110 align:start position:0%
to it. Langon seemed like a radical
visionary.

01:14:47.110 --> 01:14:47.120 align:start position:0%
visionary.
 

01:14:47.120 --> 01:14:51.270 align:start position:0%
visionary.
What<01:14:47.440><c> happened</c><01:14:47.679><c> to</c><01:14:47.840><c> that</c><01:14:48.080><c> concept?</c>

01:14:51.270 --> 01:14:51.280 align:start position:0%
 
 

01:14:51.280 --> 01:14:54.390 align:start position:0%
 
&gt;&gt; You<01:14:51.520><c> go</c><01:14:51.600><c> back</c><01:14:51.920><c> 350</c><01:14:52.719><c> years.</c>

01:14:54.390 --> 01:14:54.400 align:start position:0%
&gt;&gt; You go back 350 years.
 

01:14:54.400 --> 01:14:56.950 align:start position:0%
&gt;&gt; You go back 350 years.
So<01:14:54.560><c> you</c><01:14:54.800><c> have</c><01:14:54.880><c> Isaac</c><01:14:55.280><c> Newton,</c><01:14:56.640><c> you</c><01:14:56.800><c> have</c>

01:14:56.950 --> 01:14:56.960 align:start position:0%
So you have Isaac Newton, you have
 

01:14:56.960 --> 01:14:58.630 align:start position:0%
So you have Isaac Newton, you have
linenets

01:14:58.630 --> 01:14:58.640 align:start position:0%
linenets
 

01:14:58.640 --> 01:15:00.870 align:start position:0%
linenets
from<01:14:59.040><c> move</c><01:14:59.280><c> forward.</c><01:14:59.679><c> You</c><01:14:59.920><c> have</c><01:15:00.480><c> people</c><01:15:00.719><c> like</c>

01:15:00.870 --> 01:15:00.880 align:start position:0%
from move forward. You have people like
 

01:15:00.880 --> 01:15:05.350 align:start position:0%
from move forward. You have people like
Heisenberg<01:15:01.600><c> and</c><01:15:01.920><c> Gdell,</c><01:15:03.199><c> Gur.</c><01:15:04.400><c> And</c><01:15:04.960><c> what</c>

01:15:05.350 --> 01:15:05.360 align:start position:0%
Heisenberg and Gdell, Gur. And what
 

01:15:05.360 --> 01:15:07.830 align:start position:0%
Heisenberg and Gdell, Gur. And what
every<01:15:05.679><c> one</c><01:15:05.840><c> of</c><01:15:06.000><c> those</c><01:15:06.239><c> mathematicians</c>

01:15:07.830 --> 01:15:07.840 align:start position:0%
every one of those mathematicians
 

01:15:07.840 --> 01:15:10.550 align:start position:0%
every one of those mathematicians
and<01:15:08.239><c> philosophers</c><01:15:09.040><c> came</c><01:15:09.280><c> to</c><01:15:09.920><c> understand</c><01:15:10.320><c> is</c>

01:15:10.550 --> 01:15:10.560 align:start position:0%
and philosophers came to understand is
 

01:15:10.560 --> 01:15:13.830 align:start position:0%
and philosophers came to understand is
that<01:15:11.440><c> there's</c><01:15:11.760><c> something</c><01:15:12.480><c> with</c><01:15:13.520><c> there's</c>

01:15:13.830 --> 01:15:13.840 align:start position:0%
that there's something with there's
 

01:15:13.840 --> 01:15:16.630 align:start position:0%
that there's something with there's
numbers<01:15:14.239><c> can</c><01:15:14.480><c> describe</c><01:15:15.040><c> certain</c><01:15:15.440><c> things.</c>

01:15:16.630 --> 01:15:16.640 align:start position:0%
numbers can describe certain things.
 

01:15:16.640 --> 01:15:19.669 align:start position:0%
numbers can describe certain things.
approximate<01:15:17.440><c> certain</c><01:15:17.920><c> things</c>

01:15:19.669 --> 01:15:19.679 align:start position:0%
approximate certain things
 

01:15:19.679 --> 01:15:22.790 align:start position:0%
approximate certain things
but<01:15:20.000><c> in</c><01:15:20.239><c> fact</c><01:15:21.040><c> trying</c><01:15:21.440><c> to</c><01:15:21.840><c> put</c><01:15:22.239><c> measurements</c>

01:15:22.790 --> 01:15:22.800 align:start position:0%
but in fact trying to put measurements
 

01:15:22.800 --> 01:15:25.350 align:start position:0%
but in fact trying to put measurements
and<01:15:23.120><c> numbers</c><01:15:23.920><c> on</c><01:15:24.400><c> other</c><01:15:24.800><c> things</c><01:15:24.960><c> that</c><01:15:25.120><c> are</c>

01:15:25.350 --> 01:15:25.360 align:start position:0%
and numbers on other things that are
 

01:15:25.360 --> 01:15:29.350 align:start position:0%
and numbers on other things that are
really<01:15:25.600><c> unexplainable</c><01:15:27.040><c> is</c><01:15:27.440><c> folly.</c>

01:15:29.350 --> 01:15:29.360 align:start position:0%
really unexplainable is folly.
 

01:15:29.360 --> 01:15:32.470 align:start position:0%
really unexplainable is folly.
It's<01:15:29.840><c> so</c><01:15:30.800><c> 300</c><01:15:31.199><c> years</c><01:15:31.360><c> ago</c><01:15:31.600><c> they</c><01:15:31.840><c> said</c><01:15:32.239><c> that</c>

01:15:32.470 --> 01:15:32.480 align:start position:0%
It's so 300 years ago they said that
 

01:15:32.480 --> 01:15:35.750 align:start position:0%
It's so 300 years ago they said that
unexplainable<01:15:33.520><c> realm</c><01:15:33.840><c> was</c><01:15:34.159><c> God</c>

01:15:35.750 --> 01:15:35.760 align:start position:0%
unexplainable realm was God
 

01:15:35.760 --> 01:15:39.350 align:start position:0%
unexplainable realm was God
and<01:15:36.719><c> people</c><01:15:37.040><c> who</c><01:15:37.840><c> attempted</c><01:15:38.560><c> in</c><01:15:38.800><c> fact</c><01:15:39.040><c> to</c>

01:15:39.350 --> 01:15:39.360 align:start position:0%
and people who attempted in fact to
 

01:15:39.360 --> 01:15:42.149 align:start position:0%
and people who attempted in fact to
explain<01:15:39.679><c> the</c><01:15:39.920><c> unexplainable</c><01:15:41.120><c> who</c><01:15:41.360><c> said</c><01:15:41.600><c> yes</c><01:15:41.840><c> I</c>

01:15:42.149 --> 01:15:42.159 align:start position:0%
explain the unexplainable who said yes I
 

01:15:42.159 --> 01:15:44.630 align:start position:0%
explain the unexplainable who said yes I
understand<01:15:42.560><c> the</c><01:15:42.800><c> unexplainable</c>

01:15:44.630 --> 01:15:44.640 align:start position:0%
understand the unexplainable
 

01:15:44.640 --> 01:15:47.030 align:start position:0%
understand the unexplainable
were<01:15:44.880><c> charlatans</c><01:15:46.080><c> they</c><01:15:46.239><c> were</c><01:15:46.400><c> the</c><01:15:46.560><c> occults</c>

01:15:47.030 --> 01:15:47.040 align:start position:0%
were charlatans they were the occults
 

01:15:47.040 --> 01:15:49.270 align:start position:0%
were charlatans they were the occults
they<01:15:47.199><c> were</c><01:15:47.280><c> the</c><01:15:47.520><c> astrologers</c>

01:15:49.270 --> 01:15:49.280 align:start position:0%
they were the astrologers
 

01:15:49.280 --> 01:15:51.910 align:start position:0%
they were the astrologers
they<01:15:49.440><c> were</c><01:15:49.760><c> the</c><01:15:50.159><c> conmen</c><01:15:50.960><c> alchemist</c>

01:15:51.910 --> 01:15:51.920 align:start position:0%
they were the conmen alchemist
 

01:15:51.920 --> 01:15:55.030 align:start position:0%
they were the conmen alchemist
&gt;&gt; yes<01:15:52.480><c> well</c><01:15:52.640><c> no</c><01:15:52.880><c> alchemist</c><01:15:53.360><c> was</c><01:15:53.520><c> in</c><01:15:53.760><c> fact</c><01:15:54.640><c> they</c>

01:15:55.030 --> 01:15:55.040 align:start position:0%
&gt;&gt; yes well no alchemist was in fact they
 

01:15:55.040 --> 01:15:56.790 align:start position:0%
&gt;&gt; yes well no alchemist was in fact they
believed<01:15:55.360><c> that</c><01:15:55.600><c> there</c><01:15:55.840><c> was</c><01:15:55.920><c> a</c><01:15:56.159><c> way</c><01:15:56.400><c> to</c>

01:15:56.790 --> 01:15:56.800 align:start position:0%
believed that there was a way to
 

01:15:56.800 --> 01:15:59.510 align:start position:0%
believed that there was a way to
transmute<01:15:57.920><c> one</c><01:15:58.239><c> metal</c><01:15:58.560><c> into</c><01:15:58.800><c> another</c><01:15:59.199><c> in</c><01:15:59.360><c> fact</c>

01:15:59.510 --> 01:15:59.520 align:start position:0%
transmute one metal into another in fact
 

01:15:59.520 --> 01:16:00.630 align:start position:0%
transmute one metal into another in fact
they<01:15:59.679><c> always</c><01:15:59.840><c> wanted</c><01:16:00.000><c> to</c><01:16:00.159><c> see</c><01:16:00.239><c> if</c><01:16:00.320><c> they</c><01:16:00.480><c> can</c>

01:16:00.630 --> 01:16:00.640 align:start position:0%
they always wanted to see if they can
 

01:16:00.640 --> 01:16:02.470 align:start position:0%
they always wanted to see if they can
create<01:16:00.880><c> gold.</c><01:16:01.440><c> There's</c><01:16:01.679><c> no</c><01:16:01.840><c> reason</c><01:16:02.159><c> if</c><01:16:02.320><c> you</c>

01:16:02.470 --> 01:16:02.480 align:start position:0%
create gold. There's no reason if you
 

01:16:02.480 --> 01:16:05.189 align:start position:0%
create gold. There's no reason if you
think<01:16:02.560><c> about</c><01:16:02.719><c> it</c><01:16:02.960><c> they</c><01:16:03.280><c> recognize</c><01:16:03.679><c> that</c><01:16:04.880><c> one</c>

01:16:05.189 --> 01:16:05.199 align:start position:0%
think about it they recognize that one
 

01:16:05.199 --> 01:16:06.709 align:start position:0%
think about it they recognize that one
metal

01:16:06.709 --> 01:16:06.719 align:start position:0%
metal
 

01:16:06.719 --> 01:16:08.470 align:start position:0%
metal
is<01:16:07.040><c> different</c><01:16:07.440><c> than</c><01:16:07.679><c> another</c><01:16:08.000><c> metal</c><01:16:08.239><c> because</c>

01:16:08.470 --> 01:16:08.480 align:start position:0%
is different than another metal because
 

01:16:08.480 --> 01:16:10.310 align:start position:0%
is different than another metal because
it<01:16:08.640><c> has</c><01:16:08.800><c> some</c><01:16:08.960><c> additional</c><01:16:09.360><c> pieces</c><01:16:09.760><c> to</c><01:16:09.920><c> it</c><01:16:10.159><c> has</c>

01:16:10.310 --> 01:16:10.320 align:start position:0%
it has some additional pieces to it has
 

01:16:10.320 --> 01:16:13.189 align:start position:0%
it has some additional pieces to it has
additional<01:16:10.800><c> neur</c><01:16:11.440><c> neutrons</c><01:16:12.000><c> or</c><01:16:12.239><c> protons</c><01:16:12.880><c> or</c>

01:16:13.189 --> 01:16:13.199 align:start position:0%
additional neur neutrons or protons or
 

01:16:13.199 --> 01:16:16.870 align:start position:0%
additional neur neutrons or protons or
electrons.<01:16:14.560><c> So</c><01:16:15.920><c> because</c><01:16:16.239><c> they</c><01:16:16.480><c> thought</c><01:16:16.640><c> it</c>

01:16:16.870 --> 01:16:16.880 align:start position:0%
electrons. So because they thought it
 

01:16:16.880 --> 01:16:19.510 align:start position:0%
electrons. So because they thought it
was<01:16:16.960><c> a</c><01:16:17.199><c> machine,</c><01:16:18.480><c> they</c><01:16:18.719><c> believed</c><01:16:19.040><c> it</c><01:16:19.199><c> was</c><01:16:19.360><c> a</c>

01:16:19.510 --> 01:16:19.520 align:start position:0%
was a machine, they believed it was a
 

01:16:19.520 --> 01:16:22.310 align:start position:0%
was a machine, they believed it was a
machine.<01:16:20.239><c> If</c><01:16:20.480><c> I</c><01:16:20.640><c> can</c><01:16:20.800><c> take</c><01:16:21.280><c> five</c><01:16:21.679><c> protons</c><01:16:22.080><c> and</c>

01:16:22.310 --> 01:16:22.320 align:start position:0%
machine. If I can take five protons and
 

01:16:22.320 --> 01:16:24.229 align:start position:0%
machine. If I can take five protons and
add<01:16:22.560><c> five,</c><01:16:22.880><c> that</c><01:16:23.040><c> gives</c><01:16:23.280><c> me</c><01:16:23.440><c> 10,</c><01:16:23.840><c> I</c><01:16:24.000><c> should</c><01:16:24.159><c> be</c>

01:16:24.229 --> 01:16:24.239 align:start position:0%
add five, that gives me 10, I should be
 

01:16:24.239 --> 01:16:26.630 align:start position:0%
add five, that gives me 10, I should be
able<01:16:24.400><c> to</c><01:16:24.480><c> get</c><01:16:24.640><c> gold.</c><01:16:25.199><c> The</c><01:16:26.000><c> move</c><01:16:26.320><c> everything</c>

01:16:26.630 --> 01:16:26.640 align:start position:0%
able to get gold. The move everything
 

01:16:26.640 --> 01:16:28.229 align:start position:0%
able to get gold. The move everything
around<01:16:27.040><c> inside</c><01:16:27.440><c> these</c><01:16:27.679><c> systems,</c><01:16:28.000><c> the</c>

01:16:28.229 --> 01:16:28.239 align:start position:0%
around inside these systems, the
 

01:16:28.239 --> 01:16:31.270 align:start position:0%
around inside these systems, the
molecules<01:16:29.280><c> transmute</c>

01:16:31.270 --> 01:16:31.280 align:start position:0%
molecules transmute
 

01:16:31.280 --> 01:16:33.189 align:start position:0%
molecules transmute
one<01:16:31.600><c> molecule</c><01:16:32.080><c> into</c><01:16:32.400><c> another.</c><01:16:32.640><c> And</c><01:16:32.800><c> if</c><01:16:33.040><c> this</c>

01:16:33.189 --> 01:16:33.199 align:start position:0%
one molecule into another. And if this
 

01:16:33.199 --> 01:16:35.030 align:start position:0%
one molecule into another. And if this
molecule<01:16:33.600><c> I've</c><01:16:33.840><c> transmuted</c><01:16:34.320><c> it</c><01:16:34.480><c> into</c><01:16:34.800><c> is</c>

01:16:35.030 --> 01:16:35.040 align:start position:0%
molecule I've transmuted it into is
 

01:16:35.040 --> 01:16:37.030 align:start position:0%
molecule I've transmuted it into is
gold,<01:16:35.600><c> I'm</c><01:16:35.760><c> a</c><01:16:36.000><c> rich</c><01:16:36.159><c> man.</c><01:16:36.480><c> It's</c><01:16:36.719><c> back</c><01:16:36.880><c> to</c>

01:16:37.030 --> 01:16:37.040 align:start position:0%
gold, I'm a rich man. It's back to
 

01:16:37.040 --> 01:16:40.630 align:start position:0%
gold, I'm a rich man. It's back to
money.<01:16:38.320><c> But</c><01:16:38.480><c> there's</c><01:16:38.880><c> something</c><01:16:40.000><c> strange</c>

01:16:40.630 --> 01:16:40.640 align:start position:0%
money. But there's something strange
 

01:16:40.640 --> 01:16:42.390 align:start position:0%
money. But there's something strange
happens.

01:16:42.390 --> 01:16:42.400 align:start position:0%
happens.
 

01:16:42.400 --> 01:16:45.669 align:start position:0%
happens.
Isaac<01:16:42.880><c> Newton</c><01:16:44.320><c> says,</c><01:16:44.880><c> "This</c><01:16:45.199><c> is</c><01:16:45.440><c> really</c>

01:16:45.669 --> 01:16:45.679 align:start position:0%
Isaac Newton says, "This is really
 

01:16:45.679 --> 01:16:49.270 align:start position:0%
Isaac Newton says, "This is really
weird.<01:16:46.239><c> If</c><01:16:46.480><c> if</c><01:16:46.719><c> I</c><01:16:46.880><c> want</c><01:16:47.040><c> to</c><01:16:47.280><c> push</c><01:16:48.480><c> a</c><01:16:48.800><c> ball</c><01:16:49.040><c> on</c>

01:16:49.270 --> 01:16:49.280 align:start position:0%
weird. If if I want to push a ball on
 

01:16:49.280 --> 01:16:51.830 align:start position:0%
weird. If if I want to push a ball on
the<01:16:49.440><c> table,</c><01:16:49.920><c> I</c><01:16:50.159><c> have</c><01:16:50.320><c> to</c><01:16:50.480><c> touch</c><01:16:50.800><c> it.</c><01:16:51.360><c> I</c><01:16:51.600><c> could</c>

01:16:51.830 --> 01:16:51.840 align:start position:0%
the table, I have to touch it. I could
 

01:16:51.840 --> 01:16:53.750 align:start position:0%
the table, I have to touch it. I could
maybe<01:16:52.080><c> I</c><01:16:52.159><c> have</c><01:16:52.320><c> to</c><01:16:52.400><c> blow</c><01:16:52.640><c> on</c><01:16:52.800><c> it,</c><01:16:53.280><c> but</c><01:16:53.520><c> I</c>

01:16:53.750 --> 01:16:53.760 align:start position:0%
maybe I have to blow on it, but I
 

01:16:53.760 --> 01:16:56.229 align:start position:0%
maybe I have to blow on it, but I
actually<01:16:54.000><c> have</c><01:16:54.239><c> to</c><01:16:54.880><c> push</c><01:16:55.280><c> one</c><01:16:55.600><c> side</c><01:16:55.840><c> of</c><01:16:56.000><c> the</c>

01:16:56.229 --> 01:16:56.239 align:start position:0%
actually have to push one side of the
 

01:16:56.239 --> 01:16:59.750 align:start position:0%
actually have to push one side of the
ball<01:16:56.480><c> or</c><01:16:56.640><c> the</c><01:16:56.880><c> book</c><01:16:57.360><c> to</c><01:16:57.679><c> move</c><01:16:58.159><c> that</c><01:16:58.480><c> side.</c><01:16:59.440><c> I'm</c>

01:16:59.750 --> 01:16:59.760 align:start position:0%
ball or the book to move that side. I'm
 

01:16:59.760 --> 01:17:02.229 align:start position:0%
ball or the book to move that side. I'm
pushing<01:17:00.080><c> here."</c><01:17:00.719><c> And</c><01:17:00.960><c> obviously</c><01:17:01.600><c> the</c><01:17:02.000><c> this</c>

01:17:02.229 --> 01:17:02.239 align:start position:0%
pushing here." And obviously the this
 

01:17:02.239 --> 01:17:05.510 align:start position:0%
pushing here." And obviously the this
thing<01:17:02.400><c> is</c><01:17:02.640><c> what</c><01:17:03.040><c> appears</c><01:17:03.440><c> to</c><01:17:03.679><c> us</c><01:17:04.800><c> humans</c><01:17:05.199><c> to</c><01:17:05.360><c> be</c>

01:17:05.510 --> 01:17:05.520 align:start position:0%
thing is what appears to us humans to be
 

01:17:05.520 --> 01:17:08.630 align:start position:0%
thing is what appears to us humans to be
solid.<01:17:06.080><c> So</c><01:17:06.239><c> it</c><01:17:06.480><c> moves</c><01:17:06.640><c> as</c><01:17:06.960><c> one</c><01:17:07.199><c> thing.</c><01:17:08.239><c> But</c><01:17:08.400><c> the</c>

01:17:08.630 --> 01:17:08.640 align:start position:0%
solid. So it moves as one thing. But the
 

01:17:08.640 --> 01:17:11.350 align:start position:0%
solid. So it moves as one thing. But the
only<01:17:08.800><c> way</c><01:17:08.960><c> to</c><01:17:09.120><c> get</c><01:17:09.360><c> something</c><01:17:09.679><c> to</c><01:17:10.000><c> move</c><01:17:10.719><c> was</c><01:17:11.040><c> to</c>

01:17:11.350 --> 01:17:11.360 align:start position:0%
only way to get something to move was to
 

01:17:11.360 --> 01:17:14.470 align:start position:0%
only way to get something to move was to
touch<01:17:11.600><c> it</c><01:17:11.920><c> or</c><01:17:12.239><c> put</c><01:17:12.400><c> a</c><01:17:12.560><c> force</c><01:17:12.880><c> against</c><01:17:13.199><c> it.</c>

01:17:14.470 --> 01:17:14.480 align:start position:0%
touch it or put a force against it.
 

01:17:14.480 --> 01:17:16.470 align:start position:0%
touch it or put a force against it.
Okay,<01:17:15.199><c> seems</c><01:17:15.440><c> to</c><01:17:15.600><c> make</c><01:17:15.760><c> sense.</c><01:17:16.000><c> Everybody</c><01:17:16.320><c> has</c>

01:17:16.470 --> 01:17:16.480 align:start position:0%
Okay, seems to make sense. Everybody has
 

01:17:16.480 --> 01:17:18.550 align:start position:0%
Okay, seems to make sense. Everybody has
that<01:17:16.719><c> experience.</c><01:17:17.280><c> I</c><01:17:17.440><c> want</c><01:17:17.520><c> to</c><01:17:17.840><c> lift</c><01:17:18.080><c> a</c><01:17:18.239><c> glass,</c>

01:17:18.550 --> 01:17:18.560 align:start position:0%
that experience. I want to lift a glass,
 

01:17:18.560 --> 01:17:20.790 align:start position:0%
that experience. I want to lift a glass,
I<01:17:18.719><c> lift</c><01:17:18.960><c> it.</c><01:17:19.600><c> If</c><01:17:19.760><c> I</c><01:17:19.920><c> want</c><01:17:20.000><c> to</c><01:17:20.159><c> push</c><01:17:20.320><c> a</c><01:17:20.480><c> ball,</c><01:17:20.640><c> I</c>

01:17:20.790 --> 01:17:20.800 align:start position:0%
I lift it. If I want to push a ball, I
 

01:17:20.800 --> 01:17:22.149 align:start position:0%
I lift it. If I want to push a ball, I
push<01:17:20.960><c> it.</c><01:17:21.120><c> If</c><01:17:21.199><c> I</c><01:17:21.360><c> want</c><01:17:21.440><c> to</c><01:17:21.520><c> pull</c><01:17:21.679><c> a</c><01:17:21.840><c> ball,</c><01:17:22.000><c> I</c>

01:17:22.149 --> 01:17:22.159 align:start position:0%
push it. If I want to pull a ball, I
 

01:17:22.159 --> 01:17:26.310 align:start position:0%
push it. If I want to pull a ball, I
pull<01:17:22.320><c> it.</c><01:17:23.280><c> But</c><01:17:23.440><c> he</c><01:17:23.679><c> recognized</c><01:17:24.480><c> when</c><01:17:25.840><c> the</c><01:17:26.080><c> ball</c>

01:17:26.310 --> 01:17:26.320 align:start position:0%
pull it. But he recognized when the ball
 

01:17:26.320 --> 01:17:30.630 align:start position:0%
pull it. But he recognized when the ball
fell<01:17:26.640><c> off</c><01:17:26.800><c> the</c><01:17:27.040><c> table,</c><01:17:28.159><c> fell</c><01:17:28.560><c> off</c><01:17:28.800><c> the</c><01:17:29.040><c> table,</c>

01:17:30.630 --> 01:17:30.640 align:start position:0%
fell off the table, fell off the table,
 

01:17:30.640 --> 01:17:33.189 align:start position:0%
fell off the table, fell off the table,
it<01:17:30.880><c> went</c><01:17:31.120><c> in</c><01:17:31.280><c> a</c><01:17:31.440><c> different</c><01:17:31.600><c> direction.</c><01:17:32.960><c> How's</c>

01:17:33.189 --> 01:17:33.199 align:start position:0%
it went in a different direction. How's
 

01:17:33.199 --> 01:17:34.950 align:start position:0%
it went in a different direction. How's
that<01:17:33.360><c> possible?</c><01:17:33.760><c> Nobody</c><01:17:34.159><c> pushed</c><01:17:34.480><c> the</c><01:17:34.719><c> ball</c>

01:17:34.950 --> 01:17:34.960 align:start position:0%
that possible? Nobody pushed the ball
 

01:17:34.960 --> 01:17:39.030 align:start position:0%
that possible? Nobody pushed the ball
down.<01:17:36.320><c> And</c><01:17:36.640><c> he</c><01:17:36.800><c> says,</c><01:17:36.880><c> "This</c><01:17:37.199><c> is</c><01:17:37.440><c> crazy.</c><01:17:38.800><c> Why</c>

01:17:39.030 --> 01:17:39.040 align:start position:0%
down. And he says, "This is crazy. Why
 

01:17:39.040 --> 01:17:42.470 align:start position:0%
down. And he says, "This is crazy. Why
did<01:17:39.199><c> the</c><01:17:39.440><c> ball</c><01:17:40.320><c> go</c><01:17:40.640><c> down?</c><01:17:41.440><c> I</c><01:17:41.679><c> didn't</c><01:17:41.840><c> push</c><01:17:42.080><c> it.</c>

01:17:42.470 --> 01:17:42.480 align:start position:0%
did the ball go down? I didn't push it.
 

01:17:42.480 --> 01:17:45.270 align:start position:0%
did the ball go down? I didn't push it.
I<01:17:42.800><c> just</c><01:17:43.120><c> let</c><01:17:43.280><c> it</c><01:17:43.520><c> go."</c>

01:17:45.270 --> 01:17:45.280 align:start position:0%
I just let it go."
 

01:17:45.280 --> 01:17:48.149 align:start position:0%
I just let it go."
So,<01:17:46.080><c> someone's</c><01:17:46.560><c> pushing</c><01:17:46.960><c> the</c><01:17:47.199><c> ball</c><01:17:47.600><c> because</c><01:17:47.920><c> I</c>

01:17:48.149 --> 01:17:48.159 align:start position:0%
So, someone's pushing the ball because I
 

01:17:48.159 --> 01:17:50.630 align:start position:0%
So, someone's pushing the ball because I
know<01:17:48.480><c> I</c><01:17:48.719><c> am</c><01:17:49.040><c> confident</c><01:17:49.440><c> that</c><01:17:49.679><c> the</c><01:17:49.920><c> only</c><01:17:50.159><c> thing</c>

01:17:50.630 --> 01:17:50.640 align:start position:0%
know I am confident that the only thing
 

01:17:50.640 --> 01:17:52.470 align:start position:0%
know I am confident that the only thing
that<01:17:50.880><c> gets</c><01:17:51.120><c> something</c><01:17:51.360><c> to</c><01:17:51.600><c> move</c><01:17:51.760><c> is</c><01:17:52.080><c> with</c><01:17:52.239><c> a</c>

01:17:52.470 --> 01:17:52.480 align:start position:0%
that gets something to move is with a
 

01:17:52.480 --> 01:17:54.310 align:start position:0%
that gets something to move is with a
force<01:17:52.719><c> that</c><01:17:52.960><c> pushes.</c><01:17:53.520><c> So,</c><01:17:53.679><c> there's</c><01:17:53.920><c> a</c><01:17:54.080><c> force</c>

01:17:54.310 --> 01:17:54.320 align:start position:0%
force that pushes. So, there's a force
 

01:17:54.320 --> 01:17:58.790 align:start position:0%
force that pushes. So, there's a force
that's<01:17:54.640><c> pushing</c><01:17:54.880><c> the</c><01:17:55.120><c> ball</c><01:17:55.760><c> down.</c><01:17:56.719><c> In</c><01:17:56.880><c> fact,</c>

01:17:58.790 --> 01:17:58.800 align:start position:0%
that's pushing the ball down. In fact,
 

01:17:58.800 --> 01:18:01.910 align:start position:0%
that's pushing the ball down. In fact,
he<01:17:59.040><c> never</c><01:17:59.440><c> he</c><01:17:59.920><c> called</c><01:18:00.159><c> it</c><01:18:00.480><c> gravity.</c><01:18:01.520><c> He</c>

01:18:01.910 --> 01:18:01.920 align:start position:0%
he never he called it gravity. He
 

01:18:01.920 --> 01:18:07.910 align:start position:0%
he never he called it gravity. He
measured<01:18:02.960><c> how</c><01:18:03.760><c> fast</c><01:18:04.159><c> it</c><01:18:04.480><c> was</c><01:18:04.640><c> pulled,</c><01:18:05.920><c> but</c>

01:18:07.910 --> 01:18:07.920 align:start position:0%
measured how fast it was pulled, but
 

01:18:07.920 --> 01:18:09.669 align:start position:0%
measured how fast it was pulled, but
never<01:18:08.239><c> was</c><01:18:08.400><c> able</c><01:18:08.560><c> to</c><01:18:08.719><c> explain</c><01:18:09.199><c> why</c><01:18:09.440><c> it</c>

01:18:09.669 --> 01:18:09.679 align:start position:0%
never was able to explain why it
 

01:18:09.679 --> 01:18:12.550 align:start position:0%
never was able to explain why it
happened.<01:18:10.080><c> How</c><01:18:10.320><c> is</c><01:18:10.480><c> it?</c><01:18:10.719><c> What</c><01:18:10.960><c> is</c><01:18:11.120><c> gravity?</c>

01:18:12.550 --> 01:18:12.560 align:start position:0%
happened. How is it? What is gravity?
 

01:18:12.560 --> 01:18:14.709 align:start position:0%
happened. How is it? What is gravity?
It's<01:18:12.800><c> this.</c><01:18:13.600><c> Everybody</c><01:18:14.080><c> says,</c><01:18:14.239><c> "Well,</c><01:18:14.560><c> why</c>

01:18:14.709 --> 01:18:14.719 align:start position:0%
It's this. Everybody says, "Well, why
 

01:18:14.719 --> 01:18:15.990 align:start position:0%
It's this. Everybody says, "Well, why
did<01:18:14.880><c> the</c><01:18:15.040><c> ball</c><01:18:15.280><c> fall</c><01:18:15.520><c> to</c><01:18:15.679><c> the</c><01:18:15.760><c> ground?"</c>

01:18:15.990 --> 01:18:16.000 align:start position:0%
did the ball fall to the ground?"
 

01:18:16.000 --> 01:18:17.189 align:start position:0%
did the ball fall to the ground?"
Because<01:18:16.159><c> gravity</c><01:18:16.480><c> took</c><01:18:16.640><c> it.</c><01:18:16.800><c> But</c><01:18:16.960><c> what's</c>

01:18:17.189 --> 01:18:17.199 align:start position:0%
Because gravity took it. But what's
 

01:18:17.199 --> 01:18:20.070 align:start position:0%
Because gravity took it. But what's
gravity?<01:18:18.159><c> That's,</c><01:18:18.560><c> as</c><01:18:18.800><c> Fineman</c><01:18:19.360><c> would</c><01:18:19.600><c> say,</c>

01:18:20.070 --> 01:18:20.080 align:start position:0%
gravity? That's, as Fineman would say,
 

01:18:20.080 --> 01:18:21.750 align:start position:0%
gravity? That's, as Fineman would say,
that's<01:18:20.320><c> the</c><01:18:20.560><c> name</c><01:18:20.800><c> of</c><01:18:20.880><c> the</c><01:18:21.040><c> thing</c><01:18:21.280><c> we</c><01:18:21.440><c> have</c><01:18:21.600><c> no</c>

01:18:21.750 --> 01:18:21.760 align:start position:0%
that's the name of the thing we have no
 

01:18:21.760 --> 01:18:23.990 align:start position:0%
that's the name of the thing we have no
idea<01:18:21.920><c> what</c><01:18:22.159><c> it</c><01:18:22.320><c> is.</c>

01:18:23.990 --> 01:18:24.000 align:start position:0%
idea what it is.
 

01:18:24.000 --> 01:18:26.229 align:start position:0%
idea what it is.
This<01:18:24.239><c> goes</c><01:18:24.480><c> to</c><01:18:24.960><c> Santa</c><01:18:25.199><c> Fe.</c><01:18:25.600><c> They</c><01:18:25.840><c> were</c><01:18:26.080><c> trying</c>

01:18:26.229 --> 01:18:26.239 align:start position:0%
This goes to Santa Fe. They were trying
 

01:18:26.239 --> 01:18:29.750 align:start position:0%
This goes to Santa Fe. They were trying
to<01:18:26.480><c> put</c><01:18:27.280><c> explain</c><01:18:27.920><c> the</c><01:18:28.239><c> unexplainable.</c>

01:18:29.750 --> 01:18:29.760 align:start position:0%
to put explain the unexplainable.
 

01:18:29.760 --> 01:18:32.470 align:start position:0%
to put explain the unexplainable.
Can<01:18:30.000><c> we</c><01:18:30.239><c> measure?</c><01:18:31.440><c> Can</c><01:18:31.600><c> we</c><01:18:31.840><c> figure</c><01:18:32.000><c> out</c><01:18:32.159><c> a</c><01:18:32.400><c> way</c>

01:18:32.470 --> 01:18:32.480 align:start position:0%
Can we measure? Can we figure out a way
 

01:18:32.480 --> 01:18:35.189 align:start position:0%
Can we measure? Can we figure out a way
to<01:18:32.640><c> predict</c><01:18:32.960><c> the</c><01:18:33.199><c> stock</c><01:18:33.440><c> markets</c>

01:18:35.189 --> 01:18:35.199 align:start position:0%
to predict the stock markets
 

01:18:35.199 --> 01:18:37.990 align:start position:0%
to predict the stock markets
using<01:18:35.520><c> these</c><01:18:35.840><c> types</c><01:18:36.159><c> of</c><01:18:36.800><c> chaos</c><01:18:37.360><c> complexity?</c>

01:18:37.990 --> 01:18:38.000 align:start position:0%
using these types of chaos complexity?
 

01:18:38.000 --> 01:18:39.030 align:start position:0%
using these types of chaos complexity?
&gt;&gt; Before<01:18:38.080><c> we</c><01:18:38.239><c> get</c><01:18:38.320><c> there,</c><01:18:38.480><c> let's</c><01:18:38.640><c> walk</c><01:18:38.800><c> back</c>

01:18:39.030 --> 01:18:39.040 align:start position:0%
&gt;&gt; Before we get there, let's walk back
 

01:18:39.040 --> 01:18:40.550 align:start position:0%
&gt;&gt; Before we get there, let's walk back
through.<01:18:39.360><c> Let's</c><01:18:39.520><c> let's</c><01:18:39.760><c> go</c><01:18:39.920><c> let's</c><01:18:40.159><c> let's</c><01:18:40.400><c> go</c>

01:18:40.550 --> 01:18:40.560 align:start position:0%
through. Let's let's go let's let's go
 

01:18:40.560 --> 01:18:41.990 align:start position:0%
through. Let's let's go let's let's go
back<01:18:40.719><c> to</c><01:18:40.880><c> Newton.</c>

01:18:41.990 --> 01:18:42.000 align:start position:0%
back to Newton.
 

01:18:42.000 --> 01:18:42.310 align:start position:0%
back to Newton.
&gt;&gt; Sure.

01:18:42.310 --> 01:18:42.320 align:start position:0%
&gt;&gt; Sure.
 

01:18:42.320 --> 01:18:44.630 align:start position:0%
&gt;&gt; Sure.
&gt;&gt; Pre-N<01:18:42.640><c> Newton</c><01:18:43.679><c> and</c><01:18:43.840><c> then</c><01:18:44.000><c> Newton.</c><01:18:44.400><c> What</c><01:18:44.480><c> did</c>

01:18:44.630 --> 01:18:44.640 align:start position:0%
&gt;&gt; Pre-N Newton and then Newton. What did
 

01:18:44.640 --> 01:18:48.470 align:start position:0%
&gt;&gt; Pre-N Newton and then Newton. What did
Newton<01:18:45.120><c> solve</c><01:18:46.159><c> that</c><01:18:46.800><c> for</c><01:18:47.600><c> millennia</c><01:18:48.159><c> up</c><01:18:48.320><c> to</c>

01:18:48.470 --> 01:18:48.480 align:start position:0%
Newton solve that for millennia up to
 

01:18:48.480 --> 01:18:50.709 align:start position:0%
Newton solve that for millennia up to
Newton<01:18:49.440><c> had</c><01:18:49.679><c> not</c><01:18:49.840><c> been</c><01:18:50.000><c> solved.</c><01:18:50.320><c> Then</c><01:18:50.480><c> I</c><01:18:50.640><c> want</c>

01:18:50.709 --> 01:18:50.719 align:start position:0%
Newton had not been solved. Then I want
 

01:18:50.719 --> 01:18:52.390 align:start position:0%
Newton had not been solved. Then I want
to<01:18:50.800><c> go</c><01:18:50.960><c> forward</c><01:18:51.280><c> all</c><01:18:51.440><c> the</c><01:18:51.520><c> way</c><01:18:51.679><c> to</c><01:18:51.840><c> Santa</c><01:18:52.000><c> Fe.</c>

01:18:52.390 --> 01:18:52.400 align:start position:0%
to go forward all the way to Santa Fe.
 

01:18:52.400 --> 01:18:53.350 align:start position:0%
to go forward all the way to Santa Fe.
What<01:18:52.560><c> they</c><01:18:52.640><c> were</c><01:18:52.719><c> trying</c><01:18:52.880><c> to</c><01:18:52.960><c> solve.</c><01:18:53.199><c> Let's</c>

01:18:53.350 --> 01:18:53.360 align:start position:0%
What they were trying to solve. Let's
 

01:18:53.360 --> 01:18:55.030 align:start position:0%
What they were trying to solve. Let's
start<01:18:53.520><c> with</c><01:18:53.760><c> just</c><01:18:54.000><c> two</c><01:18:54.159><c> or</c><01:18:54.320><c> three</c><01:18:54.560><c> the</c><01:18:54.719><c> basic</c>

01:18:55.030 --> 01:18:55.040 align:start position:0%
start with just two or three the basic
 

01:18:55.040 --> 01:18:57.110 align:start position:0%
start with just two or three the basic
guys.<01:18:55.520><c> But</c><01:18:55.760><c> let's</c><01:18:56.000><c> go</c><01:18:56.080><c> with</c><01:18:56.239><c> Newton.</c><01:18:56.640><c> What</c>

01:18:57.110 --> 01:18:57.120 align:start position:0%
guys. But let's go with Newton. What
 

01:18:57.120 --> 01:18:59.350 align:start position:0%
guys. But let's go with Newton. What
pre-<01:18:57.440><c> Newton</c><01:18:57.840><c> it</c><01:18:58.000><c> was</c><01:18:58.159><c> what?</c><01:18:58.480><c> And</c><01:18:58.719><c> then</c><01:18:58.960><c> why</c><01:18:59.199><c> is</c>

01:18:59.350 --> 01:18:59.360 align:start position:0%
pre- Newton it was what? And then why is
 

01:18:59.360 --> 01:19:01.590 align:start position:0%
pre- Newton it was what? And then why is
Newton<01:19:00.320><c> such</c><01:19:00.719><c> a</c>

01:19:01.590 --> 01:19:01.600 align:start position:0%
Newton such a
 

01:19:01.600 --> 01:19:02.790 align:start position:0%
Newton such a
&gt;&gt; a<01:19:01.920><c> genius</c>

01:19:02.790 --> 01:19:02.800 align:start position:0%
&gt;&gt; a genius
 

01:19:02.800 --> 01:19:05.590 align:start position:0%
&gt;&gt; a genius
&gt;&gt; in<01:19:03.120><c> such</c><01:19:03.360><c> a</c><01:19:04.400><c> in</c><01:19:04.560><c> in</c><01:19:04.880><c> the</c><01:19:05.120><c> I</c><01:19:05.440><c> think</c>

01:19:05.590 --> 01:19:05.600 align:start position:0%
&gt;&gt; in such a in in the I think
 

01:19:05.600 --> 01:19:07.270 align:start position:0%
&gt;&gt; in such a in in the I think
mathematically<01:19:06.320><c> they</c><01:19:06.560><c> told</c><01:19:06.640><c> me</c><01:19:06.880><c> one</c><01:19:07.040><c> time</c>

01:19:07.270 --> 01:19:07.280 align:start position:0%
mathematically they told me one time
 

01:19:07.280 --> 01:19:09.669 align:start position:0%
mathematically they told me one time
I've<01:19:07.760><c> seen</c><01:19:08.080><c> there's</c><01:19:08.320><c> been</c><01:19:08.560><c> 115</c><01:19:09.280><c> billion</c>

01:19:09.669 --> 01:19:09.679 align:start position:0%
I've seen there's been 115 billion
 

01:19:09.679 --> 01:19:11.750 align:start position:0%
I've seen there's been 115 billion
people<01:19:10.000><c> roughly</c><01:19:10.880><c> that</c><01:19:11.120><c> have</c><01:19:11.280><c> lived</c><01:19:11.520><c> on</c><01:19:11.679><c> the</c>

01:19:11.750 --> 01:19:11.760 align:start position:0%
people roughly that have lived on the
 

01:19:11.760 --> 01:19:14.950 align:start position:0%
people roughly that have lived on the
earth.<01:19:12.719><c> Uh</c><01:19:13.199><c> and</c><01:19:13.360><c> of</c><01:19:13.600><c> that</c><01:19:13.760><c> 115</c><01:19:14.320><c> billion</c><01:19:14.640><c> new</c>

01:19:14.950 --> 01:19:14.960 align:start position:0%
earth. Uh and of that 115 billion new
 

01:19:14.960 --> 01:19:15.030 align:start position:0%
earth. Uh and of that 115 billion new
are

01:19:15.030 --> 01:19:15.040 align:start position:0%
are
 

01:19:15.040 --> 01:19:16.070 align:start position:0%
are
&gt;&gt; you<01:19:15.120><c> sure</c><01:19:15.199><c> that's</c><01:19:15.360><c> a</c><01:19:15.520><c> number</c><01:19:15.679><c> that</c><01:19:15.840><c> sounds</c><01:19:16.000><c> a</c>

01:19:16.070 --> 01:19:16.080 align:start position:0%
&gt;&gt; you sure that's a number that sounds a
 

01:19:16.080 --> 01:19:18.790 align:start position:0%
&gt;&gt; you sure that's a number that sounds a
lot<01:19:16.320><c> very</c><01:19:16.480><c> high.</c><01:19:16.800><c> We</c><01:19:16.960><c> only</c><01:19:17.120><c> have</c><01:19:17.280><c> seven</c><01:19:17.600><c> now.</c>

01:19:18.790 --> 01:19:18.800 align:start position:0%
lot very high. We only have seven now.
 

01:19:18.800 --> 01:19:20.630 align:start position:0%
lot very high. We only have seven now.
&gt;&gt; I<01:19:18.960><c> I</c><01:19:19.280><c> think</c><01:19:19.360><c> in</c><01:19:19.600><c> the</c><01:19:19.760><c> history</c><01:19:20.000><c> of</c><01:19:20.080><c> the</c><01:19:20.239><c> earth</c><01:19:20.480><c> I</c>

01:19:20.630 --> 01:19:20.640 align:start position:0%
&gt;&gt; I I think in the history of the earth I
 

01:19:20.640 --> 01:19:22.950 align:start position:0%
&gt;&gt; I I think in the history of the earth I
think<01:19:20.960><c> I</c><01:19:21.360><c> I'll</c><01:19:21.679><c> I'll</c><01:19:22.000><c> pull</c><01:19:22.239><c> I'll</c><01:19:22.480><c> pull</c><01:19:22.640><c> up</c><01:19:22.800><c> the</c>

01:19:22.950 --> 01:19:22.960 align:start position:0%
think I I'll I'll pull I'll pull up the
 

01:19:22.960 --> 01:19:24.790 align:start position:0%
think I I'll I'll pull I'll pull up the
the<01:19:23.199><c> stat</c><01:19:23.360><c> for</c><01:19:23.520><c> you</c><01:19:23.600><c> but</c><01:19:23.760><c> I</c><01:19:23.920><c> think</c><01:19:24.000><c> it's</c><01:19:24.239><c> 115</c>

01:19:24.790 --> 01:19:24.800 align:start position:0%
the stat for you but I think it's 115
 

01:19:24.800 --> 01:19:26.229 align:start position:0%
the stat for you but I think it's 115
billion<01:19:25.120><c> people</c><01:19:25.360><c> they</c><01:19:25.600><c> figure</c>

01:19:26.229 --> 01:19:26.239 align:start position:0%
billion people they figure
 

01:19:26.239 --> 01:19:27.430 align:start position:0%
billion people they figure
&gt;&gt; that<01:19:26.480><c> probably</c><01:19:26.640><c> is</c><01:19:26.800><c> inflation.</c><01:19:27.199><c> And</c><01:19:27.280><c> that's</c>

01:19:27.430 --> 01:19:27.440 align:start position:0%
&gt;&gt; that probably is inflation. And that's
 

01:19:27.440 --> 01:19:27.910 align:start position:0%
&gt;&gt; that probably is inflation. And that's
why

01:19:27.910 --> 01:19:27.920 align:start position:0%
why
 

01:19:27.920 --> 01:19:29.590 align:start position:0%
why
&gt;&gt; have<01:19:28.239><c> have</c><01:19:28.400><c> lived</c><01:19:28.719><c> have</c><01:19:28.960><c> lived</c><01:19:29.120><c> through</c><01:19:29.280><c> the</c>

01:19:29.590 --> 01:19:29.600 align:start position:0%
&gt;&gt; have have lived have lived through the
 

01:19:29.600 --> 01:19:31.510 align:start position:0%
&gt;&gt; have have lived have lived through the
have<01:19:29.760><c> lived</c><01:19:30.239><c> on</c><01:19:30.400><c> earth.</c><01:19:30.880><c> But</c><01:19:31.040><c> he's</c><01:19:31.199><c> one</c><01:19:31.360><c> of</c><01:19:31.360><c> the</c>

01:19:31.510 --> 01:19:31.520 align:start position:0%
have lived on earth. But he's one of the
 

01:19:31.520 --> 01:19:34.470 align:start position:0%
have lived on earth. But he's one of the
handful<01:19:31.760><c> of</c><01:19:31.840><c> the</c><01:19:32.080><c> most</c><01:19:32.239><c> important.</c>

01:19:34.470 --> 01:19:34.480 align:start position:0%
handful of the most important.
 

01:19:34.480 --> 01:19:36.709 align:start position:0%
handful of the most important.
&gt;&gt; What<01:19:34.800><c> did</c><01:19:34.960><c> he</c><01:19:35.120><c> solve</c><01:19:35.440><c> for?</c><01:19:35.920><c> Why</c><01:19:36.080><c> is</c><01:19:36.239><c> he</c><01:19:36.480><c> so</c>

01:19:36.709 --> 01:19:36.719 align:start position:0%
&gt;&gt; What did he solve for? Why is he so
 

01:19:36.719 --> 01:19:38.310 align:start position:0%
&gt;&gt; What did he solve for? Why is he so
important<01:19:36.960><c> for</c><01:19:37.199><c> how</c><01:19:37.360><c> we</c><01:19:37.600><c> live</c><01:19:37.760><c> today?</c><01:19:38.159><c> And</c>

01:19:38.310 --> 01:19:38.320 align:start position:0%
important for how we live today? And
 

01:19:38.320 --> 01:19:40.630 align:start position:0%
important for how we live today? And
then<01:19:38.480><c> we</c><01:19:38.719><c> want</c><01:19:38.800><c> to</c><01:19:38.960><c> go</c><01:19:39.120><c> through</c><01:19:39.920><c> lienets</c><01:19:40.480><c> and</c>

01:19:40.630 --> 01:19:40.640 align:start position:0%
then we want to go through lienets and
 

01:19:40.640 --> 01:19:42.390 align:start position:0%
then we want to go through lienets and
the<01:19:40.800><c> other</c><01:19:41.280><c> two</c><01:19:41.440><c> or</c><01:19:41.679><c> three</c><01:19:41.840><c> other</c><01:19:42.000><c> major</c><01:19:42.239><c> ones</c>

01:19:42.390 --> 01:19:42.400 align:start position:0%
the other two or three other major ones
 

01:19:42.400 --> 01:19:43.990 align:start position:0%
the other two or three other major ones
that<01:19:42.640><c> get</c><01:19:42.719><c> us</c><01:19:42.880><c> to</c><01:19:43.040><c> Santa</c><01:19:43.199><c> Fe.</c>

01:19:43.990 --> 01:19:44.000 align:start position:0%
that get us to Santa Fe.
 

01:19:44.000 --> 01:19:46.390 align:start position:0%
that get us to Santa Fe.
&gt;&gt; Well,<01:19:44.159><c> that's</c><01:19:44.320><c> a</c><01:19:44.480><c> long</c><01:19:44.880><c> it's</c><01:19:45.120><c> a</c><01:19:45.280><c> long</c><01:19:45.520><c> journey.</c>

01:19:46.390 --> 01:19:46.400 align:start position:0%
&gt;&gt; Well, that's a long it's a long journey.
 

01:19:46.400 --> 01:19:47.990 align:start position:0%
&gt;&gt; Well, that's a long it's a long journey.
&gt;&gt; It's<01:19:46.719><c> this</c><01:19:46.960><c> is</c><01:19:47.120><c> the</c><01:19:47.280><c> heart</c><01:19:47.440><c> of</c><01:19:47.520><c> the</c><01:19:47.760><c> this</c><01:19:47.920><c> is</c>

01:19:47.990 --> 01:19:48.000 align:start position:0%
&gt;&gt; It's this is the heart of the this is
 

01:19:48.000 --> 01:19:49.189 align:start position:0%
&gt;&gt; It's this is the heart of the this is
the<01:19:48.159><c> heart</c><01:19:48.320><c> of</c><01:19:48.400><c> what</c><01:19:48.560><c> we're</c><01:19:48.719><c> trying</c><01:19:48.800><c> to</c><01:19:48.880><c> do.</c>

01:19:49.189 --> 01:19:49.199 align:start position:0%
the heart of what we're trying to do.
 

01:19:49.199 --> 01:19:51.189 align:start position:0%
the heart of what we're trying to do.
&gt;&gt; Let<01:19:49.440><c> me</c><01:19:49.679><c> take</c><01:19:49.840><c> a</c><01:19:50.080><c> bit</c><01:19:50.239><c> of</c><01:19:50.320><c> a</c><01:19:50.480><c> detour</c><01:19:50.800><c> just</c><01:19:51.040><c> a</c>

01:19:51.189 --> 01:19:51.199 align:start position:0%
&gt;&gt; Let me take a bit of a detour just a
 

01:19:51.199 --> 01:19:54.070 align:start position:0%
&gt;&gt; Let me take a bit of a detour just a
second.<01:19:52.320><c> What</c><01:19:52.560><c> if</c><01:19:52.800><c> you</c><01:19:53.199><c> if</c><01:19:53.440><c> you</c><01:19:53.600><c> went</c><01:19:53.760><c> to</c><01:19:53.920><c> high</c>

01:19:54.070 --> 01:19:54.080 align:start position:0%
second. What if you if you went to high
 

01:19:54.080 --> 01:19:56.550 align:start position:0%
second. What if you if you went to high
school<01:19:54.320><c> and</c><01:19:55.120><c> the</c><01:19:55.360><c> last</c><01:19:55.840><c> year</c><01:19:56.000><c> in</c><01:19:56.239><c> your</c><01:19:56.400><c> high</c>

01:19:56.550 --> 01:19:56.560 align:start position:0%
school and the last year in your high
 

01:19:56.560 --> 01:19:59.830 align:start position:0%
school and the last year in your high
school<01:19:57.440><c> you</c><01:19:57.679><c> took</c><01:19:58.000><c> calculus?</c>

01:19:59.830 --> 01:19:59.840 align:start position:0%
school you took calculus?
 

01:19:59.840 --> 01:20:01.750 align:start position:0%
school you took calculus?
So<01:20:00.080><c> Isaac</c><01:20:00.480><c> Newton</c><01:20:00.880><c> sort</c><01:20:01.040><c> of</c><01:20:01.120><c> invents</c>

01:20:01.750 --> 01:20:01.760 align:start position:0%
So Isaac Newton sort of invents
 

01:20:01.760 --> 01:20:04.470 align:start position:0%
So Isaac Newton sort of invents
calculus.<01:20:02.400><c> But</c><01:20:02.560><c> that</c><01:20:02.719><c> sounds</c><01:20:03.920><c> you</c><01:20:04.080><c> know</c>

01:20:04.470 --> 01:20:04.480 align:start position:0%
calculus. But that sounds you know
 

01:20:04.480 --> 01:20:05.189 align:start position:0%
calculus. But that sounds you know
mathematician

01:20:05.189 --> 01:20:05.199 align:start position:0%
mathematician
 

01:20:05.199 --> 01:20:06.950 align:start position:0%
mathematician
&gt;&gt; to<01:20:05.360><c> torture</c><01:20:05.679><c> to</c><01:20:05.840><c> torture</c><01:20:06.239><c> seniors</c><01:20:06.640><c> in</c><01:20:06.800><c> high</c>

01:20:06.950 --> 01:20:06.960 align:start position:0%
&gt;&gt; to torture to torture seniors in high
 

01:20:06.960 --> 01:20:07.990 align:start position:0%
&gt;&gt; to torture to torture seniors in high
school<01:20:07.120><c> before</c><01:20:07.360><c> they</c><01:20:07.520><c> graduate.</c>

01:20:07.990 --> 01:20:08.000 align:start position:0%
school before they graduate.
 

01:20:08.000 --> 01:20:09.669 align:start position:0%
school before they graduate.
&gt;&gt; Yes.<01:20:08.320><c> But</c><01:20:08.480><c> obviously</c><01:20:08.880><c> no.</c><01:20:09.199><c> Yes.</c><01:20:09.440><c> The</c><01:20:09.600><c> answer</c>

01:20:09.669 --> 01:20:09.679 align:start position:0%
&gt;&gt; Yes. But obviously no. Yes. The answer
 

01:20:09.679 --> 01:20:11.990 align:start position:0%
&gt;&gt; Yes. But obviously no. Yes. The answer
is<01:20:09.840><c> yes.</c><01:20:10.719><c> Certain</c><01:20:11.040><c> people</c><01:20:11.280><c> can't</c><01:20:11.520><c> could</c><01:20:11.760><c> never</c>

01:20:11.990 --> 01:20:12.000 align:start position:0%
is yes. Certain people can't could never
 

01:20:12.000 --> 01:20:13.830 align:start position:0%
is yes. Certain people can't could never
do<01:20:12.159><c> calculus.</c><01:20:13.440><c> Uh</c>

01:20:13.830 --> 01:20:13.840 align:start position:0%
do calculus. Uh
 

01:20:13.840 --> 01:20:16.870 align:start position:0%
do calculus. Uh
&gt;&gt; why<01:20:14.000><c> why</c><01:20:14.239><c> is</c><01:20:14.320><c> that</c><01:20:14.480><c> why</c><01:20:14.719><c> is</c><01:20:14.880><c> calculus</c><01:20:15.840><c> so</c><01:20:16.640><c> why</c>

01:20:16.870 --> 01:20:16.880 align:start position:0%
&gt;&gt; why why is that why is calculus so why
 

01:20:16.880 --> 01:20:19.750 align:start position:0%
&gt;&gt; why why is that why is calculus so why
is<01:20:16.960><c> that</c><01:20:17.199><c> the</c><01:20:17.360><c> dividing</c><01:20:17.760><c> line</c><01:20:18.080><c> between</c><01:20:19.520><c> you</c>

01:20:19.750 --> 01:20:19.760 align:start position:0%
is that the dividing line between you
 

01:20:19.760 --> 01:20:21.750 align:start position:0%
is that the dividing line between you
know<01:20:19.920><c> to</c><01:20:20.159><c> me</c><01:20:20.400><c> people</c><01:20:20.640><c> who</c><01:20:21.040><c> can</c><01:20:21.280><c> handle</c><01:20:21.520><c> that</c>

01:20:21.750 --> 01:20:21.760 align:start position:0%
know to me people who can handle that
 

01:20:21.760 --> 01:20:24.709 align:start position:0%
know to me people who can handle that
and<01:20:22.000><c> can</c><01:20:22.159><c> go</c><01:20:22.239><c> on</c><01:20:22.480><c> to</c><01:20:23.679><c> do</c><01:20:23.920><c> certain</c><01:20:24.239><c> things</c><01:20:24.400><c> and</c>

01:20:24.709 --> 01:20:24.719 align:start position:0%
and can go on to do certain things and
 

01:20:24.719 --> 01:20:26.790 align:start position:0%
and can go on to do certain things and
people<01:20:24.960><c> just</c><01:20:25.120><c> hit</c><01:20:25.280><c> the</c><01:20:25.520><c> wall</c><01:20:26.239><c> even</c><01:20:26.480><c> if</c><01:20:26.640><c> they</c>

01:20:26.790 --> 01:20:26.800 align:start position:0%
people just hit the wall even if they
 

01:20:26.800 --> 01:20:29.189 align:start position:0%
people just hit the wall even if they
know<01:20:26.960><c> math</c><01:20:27.280><c> it</c><01:20:27.440><c> seems</c><01:20:27.679><c> to</c><01:20:27.840><c> me</c><01:20:27.920><c> that</c><01:20:28.159><c> there's</c>

01:20:29.189 --> 01:20:29.199 align:start position:0%
know math it seems to me that there's
 

01:20:29.199 --> 01:20:31.270 align:start position:0%
know math it seems to me that there's
that<01:20:29.440><c> that</c><01:20:29.920><c> calculus</c><01:20:30.320><c> is</c><01:20:30.560><c> the</c><01:20:30.719><c> is</c><01:20:30.880><c> the</c><01:20:31.120><c> thing</c>

01:20:31.270 --> 01:20:31.280 align:start position:0%
that that calculus is the is the thing
 

01:20:31.280 --> 01:20:34.310 align:start position:0%
that that calculus is the is the thing
that<01:20:32.080><c> changes</c><01:20:32.640><c> it</c><01:20:33.040><c> it's</c><01:20:33.280><c> it</c><01:20:33.520><c> it</c><01:20:33.920><c> bridges</c>

01:20:34.310 --> 01:20:34.320 align:start position:0%
that changes it it's it it bridges
 

01:20:34.320 --> 01:20:36.310 align:start position:0%
that changes it it's it it bridges
that's<01:20:34.560><c> because</c><01:20:34.800><c> it's</c><01:20:34.960><c> about</c><01:20:35.199><c> the</c><01:20:35.440><c> the</c><01:20:36.000><c> about</c>

01:20:36.310 --> 01:20:36.320 align:start position:0%
that's because it's about the the about
 

01:20:36.320 --> 01:20:38.630 align:start position:0%
that's because it's about the the about
the<01:20:36.640><c> theory</c><01:20:37.040><c> of</c><01:20:37.280><c> change</c><01:20:37.520><c> and</c><01:20:37.760><c> the</c><01:20:37.920><c> theory</c><01:20:38.239><c> of</c>

01:20:38.630 --> 01:20:38.640 align:start position:0%
the theory of change and the theory of
 

01:20:38.640 --> 01:20:40.149 align:start position:0%
the theory of change and the theory of
how<01:20:38.960><c> things</c><01:20:39.280><c> change</c>

01:20:40.149 --> 01:20:40.159 align:start position:0%
how things change
 

01:20:40.159 --> 01:20:42.470 align:start position:0%
how things change
&gt;&gt; it<01:20:40.320><c> it's</c><01:20:40.560><c> a</c><01:20:40.800><c> great</c><01:20:40.960><c> question</c><01:20:41.760><c> but</c><01:20:42.000><c> in</c><01:20:42.159><c> fact</c>

01:20:42.470 --> 01:20:42.480 align:start position:0%
&gt;&gt; it it's a great question but in fact
 

01:20:42.480 --> 01:20:45.510 align:start position:0%
&gt;&gt; it it's a great question but in fact
with<01:20:42.640><c> calculus</c><01:20:43.360><c> does</c><01:20:44.000><c> is</c><01:20:44.320><c> it's</c><01:20:44.719><c> it's</c><01:20:45.120><c> somewhat</c>

01:20:45.510 --> 01:20:45.520 align:start position:0%
with calculus does is it's it's somewhat
 

01:20:45.520 --> 01:20:48.149 align:start position:0%
with calculus does is it's it's somewhat
philosophical.<01:20:46.560><c> That's</c><01:20:46.800><c> why</c><01:20:47.040><c> mathematics</c><01:20:47.600><c> is</c>

01:20:48.149 --> 01:20:48.159 align:start position:0%
philosophical. That's why mathematics is
 

01:20:48.159 --> 01:20:50.470 align:start position:0%
philosophical. That's why mathematics is
is<01:20:48.640><c> you</c><01:20:48.800><c> know</c><01:20:48.960><c> they</c><01:20:49.120><c> used</c><01:20:49.199><c> to</c><01:20:49.679><c> Newton</c><01:20:50.000><c> wasn't</c><01:20:50.320><c> a</c>

01:20:50.470 --> 01:20:50.480 align:start position:0%
is you know they used to Newton wasn't a
 

01:20:50.480 --> 01:20:52.470 align:start position:0%
is you know they used to Newton wasn't a
mathematician.<01:20:51.120><c> He</c><01:20:51.280><c> was</c><01:20:51.360><c> called</c><01:20:51.520><c> a</c><01:20:51.679><c> geometer.</c>

01:20:52.470 --> 01:20:52.480 align:start position:0%
mathematician. He was called a geometer.
 

01:20:52.480 --> 01:20:53.350 align:start position:0%
mathematician. He was called a geometer.
That's<01:20:52.640><c> what</c><01:20:52.800><c> they</c><01:20:52.960><c> used</c><01:20:53.040><c> to</c><01:20:53.199><c> call</c>

01:20:53.350 --> 01:20:53.360 align:start position:0%
That's what they used to call
 

01:20:53.360 --> 01:20:55.669 align:start position:0%
That's what they used to call
themselves.<01:20:53.760><c> They</c><01:20:54.000><c> understood</c><01:20:54.800><c> geometry</c><01:20:55.440><c> and</c>

01:20:55.669 --> 01:20:55.679 align:start position:0%
themselves. They understood geometry and
 

01:20:55.679 --> 01:20:58.870 align:start position:0%
themselves. They understood geometry and
and<01:20:56.320><c> numbers.</c><01:20:57.600><c> But</c><01:20:57.920><c> there</c><01:20:58.080><c> was</c><01:20:58.239><c> an</c><01:20:58.400><c> there's</c><01:20:58.640><c> an</c>

01:20:58.870 --> 01:20:58.880 align:start position:0%
and numbers. But there was an there's an
 

01:20:58.880 --> 01:21:01.510 align:start position:0%
and numbers. But there was an there's an
old

01:21:01.510 --> 01:21:01.520 align:start position:0%
old
 

01:21:01.520 --> 01:21:03.189 align:start position:0%
old
conundrum

01:21:03.189 --> 01:21:03.199 align:start position:0%
conundrum
 

01:21:03.199 --> 01:21:05.990 align:start position:0%
conundrum
uh<01:21:03.360><c> where</c><01:21:03.600><c> it</c><01:21:03.679><c> says</c><01:21:04.000><c> if</c><01:21:04.880><c> and</c><01:21:05.360><c> during</c>

01:21:05.990 --> 01:21:06.000 align:start position:0%
uh where it says if and during
 

01:21:06.000 --> 01:21:08.870 align:start position:0%
uh where it says if and during
Pythagoras<01:21:06.719><c> days,</c><01:21:07.600><c> Zeno's</c><01:21:08.159><c> paradox</c><01:21:08.640><c> it's</c>

01:21:08.870 --> 01:21:08.880 align:start position:0%
Pythagoras days, Zeno's paradox it's
 

01:21:08.880 --> 01:21:11.669 align:start position:0%
Pythagoras days, Zeno's paradox it's
called<01:21:09.760><c> where</c><01:21:09.920><c> they</c><01:21:10.080><c> said</c><01:21:10.320><c> well</c><01:21:10.560><c> if</c><01:21:10.719><c> I</c><01:21:10.960><c> take</c><01:21:11.440><c> if</c>

01:21:11.669 --> 01:21:11.679 align:start position:0%
called where they said well if I take if
 

01:21:11.679 --> 01:21:14.070 align:start position:0%
called where they said well if I take if
the<01:21:11.840><c> wall</c><01:21:12.080><c> is</c><01:21:12.239><c> two</c><01:21:12.480><c> feet</c><01:21:12.719><c> away</c><01:21:12.880><c> from</c><01:21:13.120><c> me</c><01:21:13.600><c> and</c><01:21:13.840><c> I</c>

01:21:14.070 --> 01:21:14.080 align:start position:0%
the wall is two feet away from me and I
 

01:21:14.080 --> 01:21:17.590 align:start position:0%
the wall is two feet away from me and I
take<01:21:14.239><c> one</c><01:21:14.480><c> step</c><01:21:14.719><c> that's</c><01:21:15.040><c> halfway</c><01:21:15.440><c> to</c><01:21:15.600><c> the</c><01:21:15.760><c> wall</c>

01:21:17.590 --> 01:21:17.600 align:start position:0%
take one step that's halfway to the wall
 

01:21:17.600 --> 01:21:19.510 align:start position:0%
take one step that's halfway to the wall
that'll<01:21:17.920><c> be</c><01:21:18.080><c> one</c><01:21:18.239><c> foot</c><01:21:18.480><c> away</c><01:21:18.880><c> and</c><01:21:19.120><c> if</c><01:21:19.280><c> I</c><01:21:19.360><c> take</c>

01:21:19.510 --> 01:21:19.520 align:start position:0%
that'll be one foot away and if I take
 

01:21:19.520 --> 01:21:21.430 align:start position:0%
that'll be one foot away and if I take
another<01:21:19.840><c> step</c><01:21:20.000><c> that's</c><01:21:20.320><c> half</c><01:21:20.640><c> again</c><01:21:21.120><c> that'll</c>

01:21:21.430 --> 01:21:21.440 align:start position:0%
another step that's half again that'll
 

01:21:21.440 --> 01:21:23.189 align:start position:0%
another step that's half again that'll
be<01:21:21.600><c> half</c><01:21:21.679><c> a</c><01:21:21.840><c> foot</c><01:21:22.000><c> away</c><01:21:22.320><c> then</c><01:21:22.480><c> a</c><01:21:22.719><c> quarter</c><01:21:22.880><c> of</c><01:21:23.040><c> a</c>

01:21:23.189 --> 01:21:23.199 align:start position:0%
be half a foot away then a quarter of a
 

01:21:23.199 --> 01:21:25.750 align:start position:0%
be half a foot away then a quarter of a
foot.<01:21:24.159><c> I</c><01:21:24.400><c> could</c><01:21:24.560><c> walk</c><01:21:24.800><c> forever</c><01:21:25.120><c> but</c><01:21:25.440><c> never</c>

01:21:25.750 --> 01:21:25.760 align:start position:0%
foot. I could walk forever but never
 

01:21:25.760 --> 01:21:27.750 align:start position:0%
foot. I could walk forever but never
touch<01:21:26.000><c> the</c><01:21:26.239><c> wall.</c>

01:21:27.750 --> 01:21:27.760 align:start position:0%
touch the wall.
 

01:21:27.760 --> 01:21:30.310 align:start position:0%
touch the wall.
Doesn't<01:21:28.159><c> sound</c><01:21:29.199><c> realist.</c><01:21:29.679><c> Doesn't</c><01:21:29.920><c> make</c><01:21:30.080><c> any</c>

01:21:30.310 --> 01:21:30.320 align:start position:0%
Doesn't sound realist. Doesn't make any
 

01:21:30.320 --> 01:21:33.510 align:start position:0%
Doesn't sound realist. Doesn't make any
sense<01:21:30.719><c> in</c><01:21:30.960><c> our</c><01:21:31.199><c> real</c><01:21:31.440><c> lives</c><01:21:31.679><c> of</c><01:21:31.840><c> the</c><01:21:32.000><c> physical.</c>

01:21:33.510 --> 01:21:33.520 align:start position:0%
sense in our real lives of the physical.
 

01:21:33.520 --> 01:21:35.590 align:start position:0%
sense in our real lives of the physical.
But<01:21:33.760><c> what</c><01:21:34.400><c> Newton</c><01:21:34.719><c> understood</c><01:21:35.040><c> is</c><01:21:35.280><c> many</c>

01:21:35.590 --> 01:21:35.600 align:start position:0%
But what Newton understood is many
 

01:21:35.600 --> 01:21:37.910 align:start position:0%
But what Newton understood is many
problems<01:21:35.920><c> were</c><01:21:36.080><c> like</c><01:21:36.320><c> that.</c><01:21:36.880><c> Many</c><01:21:37.199><c> things</c>

01:21:37.910 --> 01:21:37.920 align:start position:0%
problems were like that. Many things
 

01:21:37.920 --> 01:21:41.110 align:start position:0%
problems were like that. Many things
approached<01:21:39.199><c> the</c><01:21:39.520><c> wall</c><01:21:40.000><c> or</c><01:21:40.239><c> in</c><01:21:40.400><c> his</c><01:21:40.719><c> in</c>

01:21:41.110 --> 01:21:41.120 align:start position:0%
approached the wall or in his in
 

01:21:41.120 --> 01:21:44.149 align:start position:0%
approached the wall or in his in
calculus<01:21:41.920><c> approached</c><01:21:42.400><c> the</c><01:21:42.640><c> limit</c>

01:21:44.149 --> 01:21:44.159 align:start position:0%
calculus approached the limit
 

01:21:44.159 --> 01:21:47.270 align:start position:0%
calculus approached the limit
but<01:21:44.480><c> never</c><01:21:44.800><c> really</c><01:21:45.199><c> reached</c><01:21:45.520><c> it.</c><01:21:46.719><c> So</c><01:21:46.880><c> he</c><01:21:47.040><c> said</c>

01:21:47.270 --> 01:21:47.280 align:start position:0%
but never really reached it. So he said
 

01:21:47.280 --> 01:21:48.950 align:start position:0%
but never really reached it. So he said
it's<01:21:47.600><c> okay.</c><01:21:47.920><c> You</c><01:21:48.080><c> don't</c><01:21:48.239><c> have</c><01:21:48.400><c> to</c><01:21:48.560><c> reach</c><01:21:48.719><c> it.</c>

01:21:48.950 --> 01:21:48.960 align:start position:0%
it's okay. You don't have to reach it.
 

01:21:48.960 --> 01:21:51.189 align:start position:0%
it's okay. You don't have to reach it.
We<01:21:49.120><c> can</c><01:21:49.280><c> do</c><01:21:49.360><c> lots</c><01:21:49.600><c> of</c><01:21:49.679><c> the</c><01:21:49.920><c> mathematics</c><01:21:50.719><c> as</c><01:21:51.040><c> if</c>

01:21:51.189 --> 01:21:51.199 align:start position:0%
We can do lots of the mathematics as if
 

01:21:51.199 --> 01:21:55.590 align:start position:0%
We can do lots of the mathematics as if
it<01:21:51.440><c> was</c><01:21:51.600><c> so</c><01:21:52.000><c> close</c><01:21:53.199><c> it</c><01:21:53.520><c> was</c><01:21:53.679><c> almost</c><01:21:54.080><c> there.</c>

01:21:55.590 --> 01:21:55.600 align:start position:0%
it was so close it was almost there.
 

01:21:55.600 --> 01:21:57.430 align:start position:0%
it was so close it was almost there.
And<01:21:55.760><c> we</c><01:21:55.920><c> could</c><01:21:56.080><c> do</c><01:21:56.239><c> lots</c><01:21:56.480><c> of</c><01:21:56.560><c> mathematics</c>

01:21:57.430 --> 01:21:57.440 align:start position:0%
And we could do lots of mathematics
 

01:21:57.440 --> 01:21:59.750 align:start position:0%
And we could do lots of mathematics
almost<01:21:57.920><c> being</c><01:21:58.159><c> at</c><01:21:58.400><c> the</c><01:21:58.560><c> limit.</c><01:21:59.280><c> And</c><01:21:59.440><c> this</c><01:21:59.600><c> is</c>

01:21:59.750 --> 01:21:59.760 align:start position:0%
almost being at the limit. And this is
 

01:21:59.760 --> 01:22:02.709 align:start position:0%
almost being at the limit. And this is
really<01:22:00.080><c> important,</c><01:22:00.480><c> Steve,</c><01:22:00.800><c> for</c><01:22:01.280><c> today</c>

01:22:02.709 --> 01:22:02.719 align:start position:0%
really important, Steve, for today
 

01:22:02.719 --> 01:22:05.110 align:start position:0%
really important, Steve, for today
because<01:22:03.440><c> most</c><01:22:03.679><c> of</c><01:22:03.840><c> the</c><01:22:04.080><c> science</c><01:22:04.560><c> up</c><01:22:04.719><c> until</c>

01:22:05.110 --> 01:22:05.120 align:start position:0%
because most of the science up until
 

01:22:05.120 --> 01:22:08.470 align:start position:0%
because most of the science up until
today<01:22:06.560><c> was</c><01:22:07.360><c> things</c><01:22:07.679><c> that</c><01:22:07.840><c> are</c><01:22:07.920><c> starting</c><01:22:08.239><c> to</c>

01:22:08.470 --> 01:22:08.480 align:start position:0%
today was things that are starting to
 

01:22:08.480 --> 01:22:12.229 align:start position:0%
today was things that are starting to
approach<01:22:09.360><c> the</c><01:22:09.679><c> limit.</c>

01:22:12.229 --> 01:22:12.239 align:start position:0%
approach the limit.
 

01:22:12.239 --> 01:22:15.590 align:start position:0%
approach the limit.
This<01:22:12.639><c> you</c><01:22:12.800><c> were</c><01:22:12.960><c> taught</c><01:22:13.280><c> in</c><01:22:13.520><c> high</c><01:22:13.840><c> school</c><01:22:15.120><c> that</c>

01:22:15.590 --> 01:22:15.600 align:start position:0%
This you were taught in high school that
 

01:22:15.600 --> 01:22:20.709 align:start position:0%
This you were taught in high school that
if<01:22:15.840><c> you</c><01:22:16.000><c> had</c><01:22:16.400><c> one</c><01:22:16.880><c> divided</c><01:22:17.360><c> by</c><01:22:17.600><c> zero,</c>

01:22:20.709 --> 01:22:20.719 align:start position:0%
 
 

01:22:20.719 --> 01:22:22.149 align:start position:0%
 
what<01:22:20.960><c> if</c><01:22:21.199><c> you</c><01:22:21.360><c> remember</c><01:22:21.520><c> your</c><01:22:21.760><c> high</c><01:22:22.000><c> school</c>

01:22:22.149 --> 01:22:22.159 align:start position:0%
what if you remember your high school
 

01:22:22.159 --> 01:22:24.790 align:start position:0%
what if you remember your high school
algebra,<01:22:23.520><c> you</c><01:22:23.760><c> were</c><01:22:23.920><c> told,</c><01:22:24.320><c> what's</c><01:22:24.639><c> the</c>

01:22:24.790 --> 01:22:24.800 align:start position:0%
algebra, you were told, what's the
 

01:22:24.800 --> 01:22:26.310 align:start position:0%
algebra, you were told, what's the
answer<01:22:25.040><c> to</c><01:22:25.199><c> that?</c><01:22:25.440><c> Is</c><01:22:25.600><c> there</c><01:22:25.760><c> an</c><01:22:25.920><c> answer</c><01:22:26.080><c> to</c>

01:22:26.310 --> 01:22:26.320 align:start position:0%
answer to that? Is there an answer to
 

01:22:26.320 --> 01:22:29.189 align:start position:0%
answer to that? Is there an answer to
one<01:22:26.480><c> divided</c><01:22:26.880><c> by</c><01:22:27.040><c> zero?</c><01:22:28.400><c> No.</c><01:22:28.639><c> If</c><01:22:28.800><c> you</c><01:22:28.880><c> were</c><01:22:28.960><c> in</c>

01:22:29.189 --> 01:22:29.199 align:start position:0%
one divided by zero? No. If you were in
 

01:22:29.199 --> 01:22:31.270 align:start position:0%
one divided by zero? No. If you were in
high<01:22:29.440><c> school,</c><01:22:29.600><c> I'd</c><01:22:29.840><c> say</c><01:22:30.480><c> stay</c><01:22:30.719><c> away</c><01:22:30.960><c> from</c><01:22:31.120><c> it's</c>

01:22:31.270 --> 01:22:31.280 align:start position:0%
high school, I'd say stay away from it's
 

01:22:31.280 --> 01:22:33.590 align:start position:0%
high school, I'd say stay away from it's
the<01:22:31.440><c> boogeyman.</c><01:22:32.639><c> Uh</c><01:22:32.960><c> you</c><01:22:33.120><c> could</c><01:22:33.280><c> write</c><01:22:33.440><c> it</c>

01:22:33.590 --> 01:22:33.600 align:start position:0%
the boogeyman. Uh you could write it
 

01:22:33.600 --> 01:22:36.950 align:start position:0%
the boogeyman. Uh you could write it
down<01:22:33.760><c> as</c><01:22:34.000><c> it's</c><01:22:34.639><c> undefined.</c>

01:22:36.950 --> 01:22:36.960 align:start position:0%
down as it's undefined.
 

01:22:36.960 --> 01:22:40.310 align:start position:0%
down as it's undefined.
It's<01:22:37.360><c> not</c><01:22:38.000><c> able</c><01:22:38.320><c> to</c><01:22:38.480><c> be</c><01:22:38.800><c> determined.</c>

01:22:40.310 --> 01:22:40.320 align:start position:0%
It's not able to be determined.
 

01:22:40.320 --> 01:22:43.110 align:start position:0%
It's not able to be determined.
that<01:22:40.560><c> there's</c><01:22:40.800><c> a</c><01:22:40.960><c> bunch</c><01:22:41.120><c> of</c><01:22:41.360><c> things</c>

01:22:43.110 --> 01:22:43.120 align:start position:0%
that there's a bunch of things
 

01:22:43.120 --> 01:22:45.830 align:start position:0%
that there's a bunch of things
but<01:22:43.360><c> in</c><01:22:43.600><c> fact</c><01:22:44.239><c> one</c><01:22:44.480><c> divided</c><01:22:44.880><c> by</c><01:22:45.120><c> zero</c><01:22:45.440><c> is</c><01:22:45.600><c> a</c>

01:22:45.830 --> 01:22:45.840 align:start position:0%
but in fact one divided by zero is a
 

01:22:45.840 --> 01:22:48.229 align:start position:0%
but in fact one divided by zero is a
strange<01:22:46.320><c> things</c><01:22:46.639><c> happen.</c><01:22:47.199><c> It's</c><01:22:47.440><c> a</c><01:22:47.679><c> world</c><01:22:47.920><c> of</c>

01:22:48.229 --> 01:22:48.239 align:start position:0%
strange things happen. It's a world of
 

01:22:48.239 --> 01:22:50.709 align:start position:0%
strange things happen. It's a world of
the<01:22:48.400><c> strange.</c><01:22:49.280><c> And</c><01:22:49.679><c> what</c><01:22:49.920><c> I'll</c><01:22:50.239><c> explain</c><01:22:50.480><c> to</c>

01:22:50.709 --> 01:22:50.719 align:start position:0%
the strange. And what I'll explain to
 

01:22:50.719 --> 01:22:54.070 align:start position:0%
the strange. And what I'll explain to
you<01:22:51.199><c> after</c><01:22:51.520><c> is</c><01:22:51.840><c> that</c><01:22:53.199><c> when</c><01:22:53.440><c> you</c><01:22:53.600><c> get</c><01:22:53.840><c> one</c>

01:22:54.070 --> 01:22:54.080 align:start position:0%
you after is that when you get one
 

01:22:54.080 --> 01:22:55.830 align:start position:0%
you after is that when you get one
divided<01:22:54.400><c> by</c><01:22:54.560><c> zero,</c><01:22:54.880><c> you</c><01:22:55.040><c> get</c><01:22:55.120><c> into</c><01:22:55.280><c> a</c><01:22:55.440><c> world</c><01:22:55.600><c> we</c>

01:22:55.830 --> 01:22:55.840 align:start position:0%
divided by zero, you get into a world we
 

01:22:55.840 --> 01:22:57.430 align:start position:0%
divided by zero, you get into a world we
don't<01:22:55.920><c> know</c><01:22:56.000><c> what</c><01:22:56.239><c> happens.</c><01:22:56.800><c> The</c><01:22:57.040><c> answer</c><01:22:57.199><c> is</c>

01:22:57.430 --> 01:22:57.440 align:start position:0%
don't know what happens. The answer is
 

01:22:57.440 --> 01:22:59.990 align:start position:0%
don't know what happens. The answer is
it's<01:22:57.840><c> not</c><01:22:58.159><c> explainable.</c><01:22:59.120><c> We</c><01:22:59.280><c> can</c><01:22:59.440><c> give</c><01:22:59.600><c> it</c><01:22:59.760><c> we</c>

01:22:59.990 --> 01:23:00.000 align:start position:0%
it's not explainable. We can give it we
 

01:23:00.000 --> 01:23:02.070 align:start position:0%
it's not explainable. We can give it we
can<01:23:00.159><c> call</c><01:23:00.239><c> it</c><01:23:00.800><c> things</c><01:23:01.040><c> like</c><01:23:01.199><c> undetermined</c><01:23:01.840><c> is</c>

01:23:02.070 --> 01:23:02.080 align:start position:0%
can call it things like undetermined is
 

01:23:02.080 --> 01:23:03.990 align:start position:0%
can call it things like undetermined is
what<01:23:02.480><c> we</c><01:23:02.719><c> can</c><01:23:02.880><c> give</c><01:23:03.120><c> have</c><01:23:03.280><c> a</c><01:23:03.440><c> convention</c><01:23:03.760><c> to</c>

01:23:03.990 --> 01:23:04.000 align:start position:0%
what we can give have a convention to
 

01:23:04.000 --> 01:23:07.350 align:start position:0%
what we can give have a convention to
say<01:23:04.159><c> it</c><01:23:04.480><c> it's</c><01:23:04.800><c> x</c><01:23:05.120><c> y</c><01:23:05.280><c> or</c><01:23:05.520><c> z</c><01:23:06.320><c> but</c><01:23:06.480><c> in</c><01:23:06.719><c> real</c><01:23:06.880><c> life</c><01:23:07.120><c> we</c>

01:23:07.350 --> 01:23:07.360 align:start position:0%
say it it's x y or z but in real life we
 

01:23:07.360 --> 01:23:09.510 align:start position:0%
say it it's x y or z but in real life we
don't<01:23:07.520><c> know</c><01:23:07.679><c> what</c><01:23:07.920><c> happens</c><01:23:08.480><c> when</c><01:23:08.800><c> you</c><01:23:09.040><c> are</c>

01:23:09.510 --> 01:23:09.520 align:start position:0%
don't know what happens when you are
 

01:23:09.520 --> 01:23:12.709 align:start position:0%
don't know what happens when you are
actually<01:23:10.000><c> at</c><01:23:10.560><c> the</c><01:23:10.800><c> limit.</c>

01:23:12.709 --> 01:23:12.719 align:start position:0%
actually at the limit.
 

01:23:12.719 --> 01:23:15.590 align:start position:0%
actually at the limit.
So<01:23:13.520><c> that's</c><01:23:13.840><c> an</c><01:23:14.560><c> Newton</c><01:23:14.960><c> thought</c><01:23:15.199><c> the</c><01:23:15.360><c> same</c>

01:23:15.590 --> 01:23:15.600 align:start position:0%
So that's an Newton thought the same
 

01:23:15.600 --> 01:23:17.830 align:start position:0%
So that's an Newton thought the same
concept<01:23:16.000><c> is</c><01:23:16.239><c> that</c><01:23:16.560><c> the</c><01:23:16.800><c> limits</c><01:23:17.120><c> were</c><01:23:17.440><c> Philip</c>

01:23:17.830 --> 01:23:17.840 align:start position:0%
concept is that the limits were Philip
 

01:23:17.840 --> 01:23:19.910 align:start position:0%
concept is that the limits were Philip
God.<01:23:18.560><c> You</c><01:23:18.719><c> got</c><01:23:18.880><c> close</c><01:23:19.120><c> to</c><01:23:19.280><c> God</c><01:23:19.520><c> but</c><01:23:19.679><c> you</c><01:23:19.840><c> can</c>

01:23:19.910 --> 01:23:19.920 align:start position:0%
God. You got close to God but you can
 

01:23:19.920 --> 01:23:22.149 align:start position:0%
God. You got close to God but you can
never<01:23:20.159><c> be</c><01:23:20.480><c> God.</c><01:23:21.280><c> He</c><01:23:21.360><c> had</c><01:23:21.520><c> this</c><01:23:21.840><c> sort</c><01:23:22.000><c> of</c>

01:23:22.149 --> 01:23:22.159 align:start position:0%
never be God. He had this sort of
 

01:23:22.159 --> 01:23:23.910 align:start position:0%
never be God. He had this sort of
religious<01:23:22.560><c> interpretation.</c>

01:23:23.910 --> 01:23:23.920 align:start position:0%
religious interpretation.
 

01:23:23.920 --> 01:23:25.669 align:start position:0%
religious interpretation.
&gt;&gt; Okay,<01:23:24.159><c> I</c><01:23:24.320><c> want</c><01:23:24.400><c> to</c><01:23:24.560><c> go</c><01:23:24.639><c> back</c><01:23:24.800><c> to</c><01:23:24.960><c> Newton.</c><01:23:25.520><c> Why</c>

01:23:25.669 --> 01:23:25.679 align:start position:0%
&gt;&gt; Okay, I want to go back to Newton. Why
 

01:23:25.679 --> 01:23:28.950 align:start position:0%
&gt;&gt; Okay, I want to go back to Newton. Why
is<01:23:25.920><c> Newton</c><01:23:26.400><c> such</c><01:23:26.719><c> a</c><01:23:26.880><c> big</c><01:23:27.199><c> dividing</c><01:23:27.679><c> line</c><01:23:28.080><c> in</c>

01:23:28.950 --> 01:23:28.960 align:start position:0%
is Newton such a big dividing line in
 

01:23:28.960 --> 01:23:30.870 align:start position:0%
is Newton such a big dividing line in
mankind's<01:23:29.600><c> history?</c><01:23:30.159><c> What</c><01:23:30.400><c> is</c><01:23:30.480><c> it</c><01:23:30.639><c> about</c>

01:23:30.870 --> 01:23:30.880 align:start position:0%
mankind's history? What is it about
 

01:23:30.880 --> 01:23:32.390 align:start position:0%
mankind's history? What is it about
Newton?<01:23:31.280><c> What</c><01:23:31.440><c> is</c><01:23:31.520><c> about</c><01:23:31.840><c> what</c><01:23:32.000><c> he</c><01:23:32.159><c> trying</c><01:23:32.320><c> to</c>

01:23:32.390 --> 01:23:32.400 align:start position:0%
Newton? What is about what he trying to
 

01:23:32.400 --> 01:23:33.910 align:start position:0%
Newton? What is about what he trying to
solve?<01:23:32.800><c> What</c><01:23:33.040><c> did</c><01:23:33.199><c> they</c><01:23:33.440><c> not</c><01:23:33.679><c> know</c>

01:23:33.910 --> 01:23:33.920 align:start position:0%
solve? What did they not know
 

01:23:33.920 --> 01:23:36.950 align:start position:0%
solve? What did they not know
beforehand?<01:23:34.560><c> And</c><01:23:34.719><c> what</c><01:23:35.120><c> because</c><01:23:35.679><c> we</c><01:23:36.000><c> live</c><01:23:36.800><c> to</c>

01:23:36.950 --> 01:23:36.960 align:start position:0%
beforehand? And what because we live to
 

01:23:36.960 --> 01:23:39.910 align:start position:0%
beforehand? And what because we live to
a<01:23:37.199><c> degree</c><01:23:37.360><c> in</c><01:23:37.600><c> a</c><01:23:37.760><c> non</c><01:23:38.719><c> Newtonian</c><01:23:39.440><c> universe</c>

01:23:39.910 --> 01:23:39.920 align:start position:0%
a degree in a non Newtonian universe
 

01:23:39.920 --> 01:23:41.990 align:start position:0%
a degree in a non Newtonian universe
although<01:23:40.159><c> I</c><01:23:40.320><c> realized</c><01:23:40.639><c> later</c><01:23:41.040><c> sub</c><01:23:41.520><c> sub</c>

01:23:41.990 --> 01:23:42.000 align:start position:0%
although I realized later sub sub
 

01:23:42.000 --> 01:23:44.709 align:start position:0%
although I realized later sub sub
particle<01:23:43.199><c> atomic</c><01:23:43.600><c> physics</c><01:23:44.000><c> but</c><01:23:44.239><c> at</c><01:23:44.320><c> least</c><01:23:44.560><c> for</c>

01:23:44.709 --> 01:23:44.719 align:start position:0%
particle atomic physics but at least for
 

01:23:44.719 --> 01:23:46.709 align:start position:0%
particle atomic physics but at least for
a<01:23:44.880><c> while</c><01:23:45.120><c> it</c><01:23:45.360><c> was</c><01:23:45.440><c> Newtonian.</c><01:23:46.080><c> So</c><01:23:46.320><c> what's</c><01:23:46.560><c> the</c>

01:23:46.709 --> 01:23:46.719 align:start position:0%
a while it was Newtonian. So what's the
 

01:23:46.719 --> 01:23:48.629 align:start position:0%
a while it was Newtonian. So what's the
dividing<01:23:47.040><c> line?</c><01:23:47.280><c> Why</c><01:23:47.440><c> is</c><01:23:47.520><c> he</c><01:23:47.760><c> so</c><01:23:47.920><c> important?</c>

01:23:48.629 --> 01:23:48.639 align:start position:0%
dividing line? Why is he so important?
 

01:23:48.639 --> 01:23:50.550 align:start position:0%
dividing line? Why is he so important?
Why<01:23:48.800><c> is</c><01:23:48.880><c> he</c><01:23:49.040><c> an</c><01:23:49.199><c> inflection</c><01:23:49.679><c> point</c><01:23:50.159><c> in</c>

01:23:50.550 --> 01:23:50.560 align:start position:0%
Why is he an inflection point in
 

01:23:50.560 --> 01:23:52.149 align:start position:0%
Why is he an inflection point in
mankind's

01:23:52.149 --> 01:23:52.159 align:start position:0%
mankind's
 

01:23:52.159 --> 01:23:54.070 align:start position:0%
mankind's
movement<01:23:52.480><c> from</c><01:23:52.719><c> the</c><01:23:52.880><c> swamp</c><01:23:53.199><c> to</c><01:23:53.360><c> the</c><01:23:53.520><c> stars?</c>

01:23:54.070 --> 01:23:54.080 align:start position:0%
movement from the swamp to the stars?
 

01:23:54.080 --> 01:23:56.950 align:start position:0%
movement from the swamp to the stars?
&gt;&gt; It's<01:23:54.239><c> a</c><01:23:54.400><c> great</c><01:23:54.560><c> question.</c><01:23:55.920><c> The</c><01:23:56.080><c> stars</c><01:23:56.400><c> were</c><01:23:56.800><c> by</c>

01:23:56.950 --> 01:23:56.960 align:start position:0%
&gt;&gt; It's a great question. The stars were by
 

01:23:56.960 --> 01:23:59.270 align:start position:0%
&gt;&gt; It's a great question. The stars were by
Kepler.<01:23:57.600><c> What</c><01:23:57.600><c> what</c><01:23:57.840><c> Newton</c><01:23:58.239><c> starts</c><01:23:58.560><c> to</c><01:23:58.960><c> allow</c>

01:23:59.270 --> 01:23:59.280 align:start position:0%
Kepler. What what Newton starts to allow
 

01:23:59.280 --> 01:24:02.790 align:start position:0%
Kepler. What what Newton starts to allow
us<01:23:59.520><c> to</c><01:23:59.760><c> do</c><01:24:00.719><c> is</c><01:24:00.960><c> to</c><01:24:01.199><c> make</c><01:24:01.520><c> prediction</c><01:24:02.159><c> accurate</c>

01:24:02.790 --> 01:24:02.800 align:start position:0%
us to do is to make prediction accurate
 

01:24:02.800 --> 01:24:04.229 align:start position:0%
us to do is to make prediction accurate
predictions.<01:24:03.280><c> Remember</c><01:24:03.679><c> that</c><01:24:03.840><c> we've</c><01:24:04.080><c> got</c>

01:24:04.229 --> 01:24:04.239 align:start position:0%
predictions. Remember that we've got
 

01:24:04.239 --> 01:24:07.110 align:start position:0%
predictions. Remember that we've got
talked<01:24:04.560><c> about</c><01:24:04.639><c> that</c><01:24:04.880><c> with</c><01:24:05.120><c> money</c><01:24:06.239><c> about</c><01:24:06.800><c> the</c>

01:24:07.110 --> 01:24:07.120 align:start position:0%
talked about that with money about the
 

01:24:07.120 --> 01:24:11.750 align:start position:0%
talked about that with money about the
things<01:24:07.360><c> in</c><01:24:07.679><c> our</c><01:24:08.000><c> physical</c><01:24:08.639><c> world.</c><01:24:09.920><c> How</c><01:24:10.960><c> cars</c>

01:24:11.750 --> 01:24:11.760 align:start position:0%
things in our physical world. How cars
 

01:24:11.760 --> 01:24:13.510 align:start position:0%
things in our physical world. How cars
he<01:24:11.920><c> didn't</c><01:24:12.080><c> have</c><01:24:12.239><c> cars</c><01:24:12.560><c> then</c><01:24:12.880><c> how</c><01:24:13.120><c> horse</c>

01:24:13.510 --> 01:24:13.520 align:start position:0%
he didn't have cars then how horse
 

01:24:13.520 --> 01:24:16.070 align:start position:0%
he didn't have cars then how horse
carriages<01:24:14.080><c> moved</c><01:24:14.480><c> how</c><01:24:14.880><c> things</c><01:24:15.360><c> how</c><01:24:15.679><c> bowling</c>

01:24:16.070 --> 01:24:16.080 align:start position:0%
carriages moved how things how bowling
 

01:24:16.080 --> 01:24:19.590 align:start position:0%
carriages moved how things how bowling
balls<01:24:16.480><c> moved.</c><01:24:16.800><c> how</c><01:24:17.120><c> pool</c><01:24:17.920><c> cues</c><01:24:18.400><c> and</c><01:24:18.719><c> pool</c>

01:24:19.590 --> 01:24:19.600 align:start position:0%
balls moved. how pool cues and pool
 

01:24:19.600 --> 01:24:21.510 align:start position:0%
balls moved. how pool cues and pool
excuse<01:24:19.840><c> me</c><01:24:20.320><c> pool</c><01:24:20.639><c> table</c><01:24:20.960><c> balls</c>

01:24:21.510 --> 01:24:21.520 align:start position:0%
excuse me pool table balls
 

01:24:21.520 --> 01:24:23.030 align:start position:0%
excuse me pool table balls
&gt;&gt; and<01:24:21.600><c> people</c><01:24:21.920><c> tried</c><01:24:22.159><c> to</c><01:24:22.320><c> solve</c><01:24:22.560><c> that</c><01:24:22.719><c> before</c>

01:24:23.030 --> 01:24:23.040 align:start position:0%
&gt;&gt; and people tried to solve that before
 

01:24:23.040 --> 01:24:25.110 align:start position:0%
&gt;&gt; and people tried to solve that before
Newton

01:24:25.110 --> 01:24:25.120 align:start position:0%
Newton
 

01:24:25.120 --> 01:24:28.390 align:start position:0%
Newton
&gt;&gt; Heracitis<01:24:26.000><c> or</c><01:24:26.159><c> or</c><01:24:26.239><c> or</c><01:24:27.040><c> you</c><01:24:27.199><c> know</c><01:24:27.679><c> Plutinus</c>

01:24:28.390 --> 01:24:28.400 align:start position:0%
&gt;&gt; Heracitis or or or you know Plutinus
 

01:24:28.400 --> 01:24:31.350 align:start position:0%
&gt;&gt; Heracitis or or or you know Plutinus
Pythagoras<01:24:29.040><c> had</c><01:24:29.280><c> had</c><01:24:30.000><c> these</c><01:24:30.639><c> great</c><01:24:30.960><c> that</c><01:24:31.199><c> we</c>

01:24:31.350 --> 01:24:31.360 align:start position:0%
Pythagoras had had these great that we
 

01:24:31.360 --> 01:24:32.790 align:start position:0%
Pythagoras had had these great that we
hear<01:24:31.440><c> about</c><01:24:31.760><c> had</c><01:24:31.920><c> they</c><01:24:32.080><c> try</c><01:24:32.239><c> to</c><01:24:32.400><c> solve</c><01:24:32.560><c> the</c>

01:24:32.790 --> 01:24:32.800 align:start position:0%
hear about had they try to solve the
 

01:24:32.800 --> 01:24:33.590 align:start position:0%
hear about had they try to solve the
same<01:24:32.960><c> problem</c>

01:24:33.590 --> 01:24:33.600 align:start position:0%
same problem
 

01:24:33.600 --> 01:24:36.310 align:start position:0%
same problem
&gt;&gt; not<01:24:33.840><c> the</c><01:24:34.080><c> same</c><01:24:34.320><c> problem</c><01:24:34.800><c> they</c><01:24:35.120><c> try</c><01:24:35.360><c> to</c><01:24:35.920><c> again</c>

01:24:36.310 --> 01:24:36.320 align:start position:0%
&gt;&gt; not the same problem they try to again
 

01:24:36.320 --> 01:24:38.550 align:start position:0%
&gt;&gt; not the same problem they try to again
what<01:24:36.880><c> Pythagoras</c><01:24:37.440><c> did</c><01:24:37.600><c> he</c><01:24:37.840><c> starts</c><01:24:38.080><c> to</c><01:24:38.320><c> figure</c>

01:24:38.550 --> 01:24:38.560 align:start position:0%
what Pythagoras did he starts to figure
 

01:24:38.560 --> 01:24:41.430 align:start position:0%
what Pythagoras did he starts to figure
out<01:24:38.719><c> this</c><01:24:39.120><c> relationships</c>

01:24:41.430 --> 01:24:41.440 align:start position:0%
out this relationships
 

01:24:41.440 --> 01:24:43.510 align:start position:0%
out this relationships
in<01:24:41.760><c> triangles</c><01:24:42.320><c> for</c><01:24:42.400><c> example</c><01:24:43.040><c> everyone</c><01:24:43.280><c> knows</c>

01:24:43.510 --> 01:24:43.520 align:start position:0%
in triangles for example everyone knows
 

01:24:43.520 --> 01:24:45.350 align:start position:0%
in triangles for example everyone knows
the<01:24:43.679><c> A</c><01:24:43.840><c> square</c><01:24:44.159><c> plus</c><01:24:44.320><c> B</c><01:24:44.560><c> square</c><01:24:44.800><c> is</c><01:24:44.880><c> equal</c><01:24:45.040><c> to</c><01:24:45.120><c> C</c>

01:24:45.350 --> 01:24:45.360 align:start position:0%
the A square plus B square is equal to C
 

01:24:45.360 --> 01:24:48.310 align:start position:0%
the A square plus B square is equal to C
square<01:24:45.760><c> that</c><01:24:46.080><c> Pyag</c><01:24:46.480><c> Pagorean</c><01:24:47.440><c> theorem</c><01:24:48.080><c> which</c>

01:24:48.310 --> 01:24:48.320 align:start position:0%
square that Pyag Pagorean theorem which
 

01:24:48.320 --> 01:24:52.070 align:start position:0%
square that Pyag Pagorean theorem which
is<01:24:48.560><c> basically</c><01:24:48.960><c> says</c><01:24:49.920><c> these</c><01:24:51.120><c> shapes</c><01:24:51.600><c> in</c><01:24:51.840><c> a</c>

01:24:52.070 --> 01:24:52.080 align:start position:0%
is basically says these shapes in a
 

01:24:52.080 --> 01:24:55.030 align:start position:0%
is basically says these shapes in a
triangle.<01:24:52.800><c> Each</c><01:24:53.040><c> side</c><01:24:53.280><c> of</c><01:24:53.440><c> the</c><01:24:53.600><c> triangle</c><01:24:54.800><c> has</c>

01:24:55.030 --> 01:24:55.040 align:start position:0%
triangle. Each side of the triangle has
 

01:24:55.040 --> 01:24:57.590 align:start position:0%
triangle. Each side of the triangle has
a<01:24:55.280><c> fixed</c><01:24:56.080><c> relationship</c>

01:24:57.590 --> 01:24:57.600 align:start position:0%
a fixed relationship
 

01:24:57.600 --> 01:25:00.470 align:start position:0%
a fixed relationship
with<01:24:57.840><c> the</c><01:24:58.000><c> other</c><01:24:58.239><c> two</c><01:24:58.480><c> sides.</c>

01:25:00.470 --> 01:25:00.480 align:start position:0%
with the other two sides.
 

01:25:00.480 --> 01:25:02.950 align:start position:0%
with the other two sides.
That's<01:25:00.880><c> strange.</c><01:25:01.760><c> He</c><01:25:02.000><c> knew</c><01:25:02.320><c> again</c><01:25:02.560><c> but</c><01:25:02.719><c> it</c><01:25:02.880><c> was</c>

01:25:02.950 --> 01:25:02.960 align:start position:0%
That's strange. He knew again but it was
 

01:25:02.960 --> 01:25:05.990 align:start position:0%
That's strange. He knew again but it was
all<01:25:03.120><c> numbers.</c><01:25:03.600><c> This</c><01:25:03.840><c> was</c><01:25:04.159><c> a</c><01:25:04.400><c> a</c><01:25:04.960><c> system</c><01:25:05.679><c> of</c>

01:25:05.990 --> 01:25:06.000 align:start position:0%
all numbers. This was a a system of
 

01:25:06.000 --> 01:25:07.510 align:start position:0%
all numbers. This was a a system of
things<01:25:06.239><c> in</c><01:25:06.480><c> the</c><01:25:06.639><c> physical</c><01:25:07.120><c> world.</c><01:25:07.360><c> And</c>

01:25:07.510 --> 01:25:07.520 align:start position:0%
things in the physical world. And
 

01:25:07.520 --> 01:25:09.669 align:start position:0%
things in the physical world. And
Pythagoras<01:25:08.159><c> says</c><01:25:08.560><c> we</c><01:25:08.800><c> can</c><01:25:08.960><c> start</c><01:25:09.360><c> putting</c>

01:25:09.669 --> 01:25:09.679 align:start position:0%
Pythagoras says we can start putting
 

01:25:09.679 --> 01:25:11.990 align:start position:0%
Pythagoras says we can start putting
numbers<01:25:10.080><c> on</c><01:25:10.320><c> things</c><01:25:10.560><c> that</c><01:25:10.880><c> help</c><01:25:11.040><c> you</c><01:25:11.600><c> predict</c>

01:25:11.990 --> 01:25:12.000 align:start position:0%
numbers on things that help you predict
 

01:25:12.000 --> 01:25:14.310 align:start position:0%
numbers on things that help you predict
how<01:25:12.159><c> they</c><01:25:12.400><c> will</c><01:25:12.639><c> behave.</c><01:25:13.360><c> You</c><01:25:13.600><c> can</c><01:25:13.840><c> add</c><01:25:14.080><c> two</c>

01:25:14.310 --> 01:25:14.320 align:start position:0%
how they will behave. You can add two
 

01:25:14.320 --> 01:25:17.030 align:start position:0%
how they will behave. You can add two
triangles<01:25:14.800><c> and</c><01:25:14.960><c> make</c><01:25:15.120><c> a</c><01:25:15.360><c> square.</c><01:25:16.560><c> Some</c>

01:25:17.030 --> 01:25:17.040 align:start position:0%
triangles and make a square. Some
 

01:25:17.040 --> 01:25:18.950 align:start position:0%
triangles and make a square. Some
different<01:25:17.520><c> shapes.</c><01:25:18.239><c> They</c><01:25:18.480><c> were</c><01:25:18.560><c> looking</c><01:25:18.719><c> at</c>

01:25:18.950 --> 01:25:18.960 align:start position:0%
different shapes. They were looking at
 

01:25:18.960 --> 01:25:22.470 align:start position:0%
different shapes. They were looking at
geometric<01:25:19.600><c> forms.</c><01:25:20.960><c> Newton</c><01:25:21.360><c> says,</c><01:25:21.520><c> "Well,</c><01:25:22.320><c> I</c>

01:25:22.470 --> 01:25:22.480 align:start position:0%
geometric forms. Newton says, "Well, I
 

01:25:22.480 --> 01:25:24.229 align:start position:0%
geometric forms. Newton says, "Well, I
want<01:25:22.639><c> to</c><01:25:22.719><c> know</c><01:25:22.880><c> how</c><01:25:23.120><c> planets</c><01:25:23.600><c> move.</c><01:25:23.920><c> I</c><01:25:24.080><c> want</c><01:25:24.159><c> to</c>

01:25:24.229 --> 01:25:24.239 align:start position:0%
want to know how planets move. I want to
 

01:25:24.239 --> 01:25:26.870 align:start position:0%
want to know how planets move. I want to
know<01:25:24.400><c> how</c><01:25:25.040><c> things</c><01:25:25.360><c> around</c><01:25:25.679><c> me</c><01:25:25.920><c> move.</c><01:25:26.400><c> Can</c><01:25:26.639><c> we</c>

01:25:26.870 --> 01:25:26.880 align:start position:0%
know how things around me move. Can we
 

01:25:26.880 --> 01:25:31.189 align:start position:0%
know how things around me move. Can we
find<01:25:27.199><c> formulas?</c><01:25:28.400><c> Can</c><01:25:28.719><c> I</c><01:25:29.280><c> find</c><01:25:29.760><c> formulas</c><01:25:30.719><c> that</c>

01:25:31.189 --> 01:25:31.199 align:start position:0%
find formulas? Can I find formulas that
 

01:25:31.199 --> 01:25:33.750 align:start position:0%
find formulas? Can I find formulas that
explain<01:25:32.239><c> what</c><01:25:32.480><c> I</c><01:25:32.719><c> see</c><01:25:32.880><c> in</c><01:25:33.120><c> the</c><01:25:33.280><c> physical</c>

01:25:33.750 --> 01:25:33.760 align:start position:0%
explain what I see in the physical
 

01:25:33.760 --> 01:25:37.830 align:start position:0%
explain what I see in the physical
world?<01:25:34.080><c> How</c><01:25:34.400><c> physical</c><01:25:34.960><c> things</c><01:25:36.159><c> interact</c><01:25:37.440><c> and</c>

01:25:37.830 --> 01:25:37.840 align:start position:0%
world? How physical things interact and
 

01:25:37.840 --> 01:25:40.870 align:start position:0%
world? How physical things interact and
how<01:25:38.080><c> they</c><01:25:38.320><c> describe</c><01:25:38.880><c> one</c><01:25:39.120><c> another.</c><01:25:40.239><c> Again,</c>

01:25:40.870 --> 01:25:40.880 align:start position:0%
how they describe one another. Again,
 

01:25:40.880 --> 01:25:44.550 align:start position:0%
how they describe one another. Again,
that<01:25:41.120><c> the</c><01:25:41.360><c> fact</c><01:25:41.440><c> that</c><01:25:41.760><c> two</c><01:25:42.560><c> things,</c><01:25:43.040><c> two</c><01:25:43.440><c> solid</c>

01:25:44.550 --> 01:25:44.560 align:start position:0%
that the fact that two things, two solid
 

01:25:44.560 --> 01:25:48.149 align:start position:0%
that the fact that two things, two solid
masses,<01:25:45.840><c> for</c><01:25:46.080><c> some</c><01:25:46.400><c> very</c><01:25:46.960><c> strange,</c><01:25:47.679><c> unknown</c>

01:25:48.149 --> 01:25:48.159 align:start position:0%
masses, for some very strange, unknown
 

01:25:48.159 --> 01:25:50.629 align:start position:0%
masses, for some very strange, unknown
reason,<01:25:48.480><c> unknown</c><01:25:48.960><c> today,</c><01:25:50.000><c> attract</c><01:25:50.400><c> one</c>

01:25:50.629 --> 01:25:50.639 align:start position:0%
reason, unknown today, attract one
 

01:25:50.639 --> 01:25:52.950 align:start position:0%
reason, unknown today, attract one
another.<01:25:51.440><c> No</c><01:25:51.440><c> matter</c><01:25:51.840><c> what</c><01:25:52.000><c> they</c><01:25:52.239><c> are,</c><01:25:52.719><c> people</c>

01:25:52.950 --> 01:25:52.960 align:start position:0%
another. No matter what they are, people
 

01:25:52.960 --> 01:25:54.470 align:start position:0%
another. No matter what they are, people
have<01:25:53.120><c> seen</c><01:25:53.280><c> the</c><01:25:53.440><c> experiment</c><01:25:53.840><c> you</c><01:25:54.000><c> hang</c><01:25:54.239><c> of</c>

01:25:54.470 --> 01:25:54.480 align:start position:0%
have seen the experiment you hang of
 

01:25:54.480 --> 01:25:56.550 align:start position:0%
have seen the experiment you hang of
something,<01:25:54.960><c> two</c><01:25:55.280><c> little</c><01:25:55.520><c> metal</c><01:25:55.840><c> balls</c><01:25:56.159><c> from</c><01:25:56.320><c> a</c>

01:25:56.550 --> 01:25:56.560 align:start position:0%
something, two little metal balls from a
 

01:25:56.560 --> 01:26:01.110 align:start position:0%
something, two little metal balls from a
string,<01:25:58.000><c> they</c><01:25:58.320><c> move</c><01:25:58.960><c> towards</c><01:25:59.440><c> each</c><01:25:59.600><c> other.</c><01:26:00.960><c> In</c>

01:26:01.110 --> 01:26:01.120 align:start position:0%
string, they move towards each other. In
 

01:26:01.120 --> 01:26:04.070 align:start position:0%
string, they move towards each other. In
fact,<01:26:01.520><c> there's</c><01:26:01.840><c> a</c><01:26:02.480><c> they</c><01:26:02.800><c> move</c><01:26:03.199><c> towards</c><01:26:03.760><c> each</c>

01:26:04.070 --> 01:26:04.080 align:start position:0%
fact, there's a they move towards each
 

01:26:04.080 --> 01:26:07.270 align:start position:0%
fact, there's a they move towards each
other<01:26:04.560><c> was</c><01:26:04.719><c> a</c><01:26:04.960><c> very</c><01:26:05.600><c> I'm</c><01:26:05.840><c> very</c><01:26:06.159><c> specific.</c><01:26:07.040><c> So</c>

01:26:07.270 --> 01:26:07.280 align:start position:0%
other was a very I'm very specific. So
 

01:26:07.280 --> 01:26:09.990 align:start position:0%
other was a very I'm very specific. So
when<01:26:07.520><c> you</c><01:26:07.760><c> drop</c>

01:26:09.990 --> 01:26:10.000 align:start position:0%
when you drop
 

01:26:10.000 --> 01:26:14.070 align:start position:0%
when you drop
the<01:26:10.320><c> ball</c><01:26:10.880><c> to</c><01:26:11.199><c> the</c><01:26:11.360><c> floor</c><01:26:11.600><c> of</c><01:26:11.760><c> this</c><01:26:12.000><c> room,</c>

01:26:14.070 --> 01:26:14.080 align:start position:0%
the ball to the floor of this room,
 

01:26:14.080 --> 01:26:16.470 align:start position:0%
the ball to the floor of this room,
Newton<01:26:14.480><c> says</c><01:26:14.800><c> in</c><01:26:14.960><c> fact</c><01:26:15.199><c> the</c><01:26:15.520><c> room</c><01:26:15.840><c> came</c><01:26:16.080><c> up</c><01:26:16.239><c> a</c>

01:26:16.470 --> 01:26:16.480 align:start position:0%
Newton says in fact the room came up a
 

01:26:16.480 --> 01:26:20.070 align:start position:0%
Newton says in fact the room came up a
bit<01:26:16.800><c> to</c><01:26:17.440><c> meet</c><01:26:17.679><c> the</c><01:26:17.920><c> ball.</c><01:26:19.120><c> The</c><01:26:19.360><c> room</c><01:26:19.679><c> moved.</c>

01:26:20.070 --> 01:26:20.080 align:start position:0%
bit to meet the ball. The room moved.
 

01:26:20.080 --> 01:26:22.070 align:start position:0%
bit to meet the ball. The room moved.
It's<01:26:20.320><c> imperceptive</c>

01:26:22.070 --> 01:26:22.080 align:start position:0%
It's imperceptive
 

01:26:22.080 --> 01:26:24.870 align:start position:0%
It's imperceptive
that<01:26:22.320><c> motion,</c><01:26:22.800><c> but</c><01:26:23.199><c> they</c><01:26:23.760><c> attracted</c><01:26:24.560><c> each</c>

01:26:24.870 --> 01:26:24.880 align:start position:0%
that motion, but they attracted each
 

01:26:24.880 --> 01:26:26.709 align:start position:0%
that motion, but they attracted each
other<01:26:25.199><c> with</c><01:26:25.440><c> certain</c><01:26:25.760><c> ratios.</c><01:26:26.159><c> So</c><01:26:26.320><c> he</c><01:26:26.480><c> started</c>

01:26:26.709 --> 01:26:26.719 align:start position:0%
other with certain ratios. So he started
 

01:26:26.719 --> 01:26:28.950 align:start position:0%
other with certain ratios. So he started
to<01:26:26.800><c> be</c><01:26:26.880><c> able</c><01:26:27.040><c> to</c><01:26:27.199><c> measure</c><01:26:28.239><c> things</c><01:26:28.480><c> in</c><01:26:28.800><c> the</c>

01:26:28.950 --> 01:26:28.960 align:start position:0%
to be able to measure things in the
 

01:26:28.960 --> 01:26:32.229 align:start position:0%
to be able to measure things in the
physical<01:26:29.520><c> world</c><01:26:30.239><c> and</c><01:26:30.400><c> that</c><01:26:30.639><c> was</c>

01:26:32.229 --> 01:26:32.239 align:start position:0%
physical world and that was
 

01:26:32.239 --> 01:26:34.950 align:start position:0%
physical world and that was
great<01:26:32.639><c> advances.</c><01:26:33.679><c> It</c><01:26:33.920><c> also</c><01:26:34.320><c> now</c><01:26:34.560><c> you</c><01:26:34.719><c> wanted</c>

01:26:34.950 --> 01:26:34.960 align:start position:0%
great advances. It also now you wanted
 

01:26:34.960 --> 01:26:38.229 align:start position:0%
great advances. It also now you wanted
to<01:26:35.120><c> move</c><01:26:35.840><c> very</c><01:26:36.159><c> quickly.</c><01:26:37.440><c> Unfortunately,</c>

01:26:38.229 --> 01:26:38.239 align:start position:0%
to move very quickly. Unfortunately,
 

01:26:38.239 --> 01:26:39.990 align:start position:0%
to move very quickly. Unfortunately,
most<01:26:38.480><c> people</c><01:26:38.960><c> especially</c><01:26:39.280><c> in</c><01:26:39.440><c> the</c><01:26:39.600><c> 20th</c>

01:26:39.990 --> 01:26:40.000 align:start position:0%
most people especially in the 20th
 

01:26:40.000 --> 01:26:42.470 align:start position:0%
most people especially in the 20th
century<01:26:40.560><c> 19th</c><01:26:40.960><c> century</c><01:26:41.600><c> said</c><01:26:41.920><c> well</c><01:26:42.239><c> like</c>

01:26:42.470 --> 01:26:42.480 align:start position:0%
century 19th century said well like
 

01:26:42.480 --> 01:26:45.590 align:start position:0%
century 19th century said well like
Newton<01:26:43.040><c> let's</c><01:26:43.280><c> measure</c><01:26:43.679><c> everything.</c>

01:26:45.590 --> 01:26:45.600 align:start position:0%
Newton let's measure everything.
 

01:26:45.600 --> 01:26:48.070 align:start position:0%
Newton let's measure everything.
Let's<01:26:46.000><c> measure</c>

01:26:48.070 --> 01:26:48.080 align:start position:0%
Let's measure
 

01:26:48.080 --> 01:26:49.990 align:start position:0%
Let's measure
people's<01:26:48.639><c> behavior.</c><01:26:49.280><c> Let's</c><01:26:49.520><c> measure</c><01:26:49.760><c> their</c>

01:26:49.990 --> 01:26:50.000 align:start position:0%
people's behavior. Let's measure their
 

01:26:50.000 --> 01:26:52.470 align:start position:0%
people's behavior. Let's measure their
psychology.<01:26:50.960><c> Let's</c><01:26:51.280><c> measure</c><01:26:51.679><c> their</c><01:26:51.920><c> health.</c>

01:26:52.470 --> 01:26:52.480 align:start position:0%
psychology. Let's measure their health.
 

01:26:52.480 --> 01:26:55.030 align:start position:0%
psychology. Let's measure their health.
You<01:26:52.639><c> go</c><01:26:52.800><c> to</c><01:26:52.880><c> the</c><01:26:53.840><c> We</c><01:26:54.080><c> could</c><01:26:54.239><c> have</c><01:26:54.560><c> my</c><01:26:54.800><c> blood</c>

01:26:55.030 --> 01:26:55.040 align:start position:0%
You go to the We could have my blood
 

01:26:55.040 --> 01:26:56.550 align:start position:0%
You go to the We could have my blood
test.<01:26:55.280><c> Let's</c><01:26:55.520><c> measure</c><01:26:55.840><c> everything.</c><01:26:56.320><c> Measure</c>

01:26:56.550 --> 01:26:56.560 align:start position:0%
test. Let's measure everything. Measure
 

01:26:56.560 --> 01:26:58.790 align:start position:0%
test. Let's measure everything. Measure
Wall<01:26:56.719><c> Street</c><01:26:57.280><c> their</c><01:26:57.520><c> voting</c><01:26:57.760><c> habits.</c>

01:26:58.790 --> 01:26:58.800 align:start position:0%
Wall Street their voting habits.
 

01:26:58.800 --> 01:27:00.950 align:start position:0%
Wall Street their voting habits.
&gt;&gt; Measure.<01:26:59.280><c> Measure.</c><01:26:59.760><c> Measure.</c><01:27:00.239><c> Can</c><01:27:00.480><c> we</c><01:27:00.639><c> put</c><01:27:00.800><c> a</c>

01:27:00.950 --> 01:27:00.960 align:start position:0%
&gt;&gt; Measure. Measure. Measure. Can we put a
 

01:27:00.960 --> 01:27:03.910 align:start position:0%
&gt;&gt; Measure. Measure. Measure. Can we put a
number<01:27:01.280><c> on</c><01:27:01.600><c> how</c><01:27:01.760><c> much</c><01:27:01.920><c> I</c><01:27:02.080><c> care</c><01:27:02.320><c> for</c><01:27:02.560><c> my</c><01:27:02.719><c> wife?</c>

01:27:03.910 --> 01:27:03.920 align:start position:0%
number on how much I care for my wife?
 

01:27:03.920 --> 01:27:08.470 align:start position:0%
number on how much I care for my wife?
Can<01:27:04.080><c> I</c><01:27:04.239><c> put</c><01:27:04.400><c> a</c><01:27:04.639><c> number</c><01:27:05.199><c> on</c><01:27:05.760><c> how</c><01:27:06.000><c> I</c><01:27:06.320><c> feel?</c>

01:27:08.470 --> 01:27:08.480 align:start position:0%
Can I put a number on how I feel?
 

01:27:08.480 --> 01:27:11.750 align:start position:0%
Can I put a number on how I feel?
And<01:27:08.639><c> we</c><01:27:08.960><c> tried</c><01:27:09.520><c> unfortunately</c><01:27:10.239><c> we</c><01:27:11.199><c> ma</c><01:27:11.520><c> tried</c>

01:27:11.750 --> 01:27:11.760 align:start position:0%
And we tried unfortunately we ma tried
 

01:27:11.760 --> 01:27:14.310 align:start position:0%
And we tried unfortunately we ma tried
to<01:27:11.920><c> mathematize</c><01:27:12.880><c> the</c><01:27:13.120><c> the</c><01:27:13.440><c> finer</c><01:27:13.840><c> things</c><01:27:14.080><c> in</c>

01:27:14.310 --> 01:27:14.320 align:start position:0%
to mathematize the the finer things in
 

01:27:14.320 --> 01:27:17.669 align:start position:0%
to mathematize the the finer things in
life<01:27:15.360><c> and</c><01:27:15.600><c> then</c><01:27:15.920><c> recognized</c><01:27:16.719><c> that</c><01:27:17.280><c> there</c><01:27:17.440><c> was</c>

01:27:17.669 --> 01:27:17.679 align:start position:0%
life and then recognized that there was
 

01:27:17.679 --> 01:27:20.550 align:start position:0%
life and then recognized that there was
things<01:27:17.920><c> that</c><01:27:18.719><c> unfortunately</c><01:27:20.000><c> just</c><01:27:20.239><c> fall</c>

01:27:20.550 --> 01:27:20.560 align:start position:0%
things that unfortunately just fall
 

01:27:20.560 --> 01:27:23.910 align:start position:0%
things that unfortunately just fall
outside.<01:27:21.679><c> Everyone</c><01:27:22.400><c> Schroinger</c><01:27:23.520><c> wrote</c><01:27:23.760><c> a</c>

01:27:23.910 --> 01:27:23.920 align:start position:0%
outside. Everyone Schroinger wrote a
 

01:27:23.920 --> 01:27:26.550 align:start position:0%
outside. Everyone Schroinger wrote a
very<01:27:24.080><c> famous</c><01:27:24.400><c> book</c><01:27:24.560><c> about</c><01:27:24.719><c> what</c><01:27:24.960><c> is</c><01:27:25.199><c> life?</c><01:27:26.320><c> He</c>

01:27:26.550 --> 01:27:26.560 align:start position:0%
very famous book about what is life? He
 

01:27:26.560 --> 01:27:28.709 align:start position:0%
very famous book about what is life? He
was<01:27:26.719><c> trying</c><01:27:26.880><c> to</c><01:27:27.120><c> figure</c><01:27:27.280><c> out</c><01:27:27.440><c> a</c><01:27:27.679><c> way.</c><01:27:28.239><c> Can</c><01:27:28.480><c> he</c>

01:27:28.709 --> 01:27:28.719 align:start position:0%
was trying to figure out a way. Can he
 

01:27:28.719 --> 01:27:33.590 align:start position:0%
was trying to figure out a way. Can he
describe<01:27:30.159><c> the</c><01:27:30.480><c> difference</c><01:27:31.440><c> formulaically</c>

01:27:33.590 --> 01:27:33.600 align:start position:0%
describe the difference formulaically
 

01:27:33.600 --> 01:27:34.950 align:start position:0%
describe the difference formulaically
between<01:27:34.000><c> things</c><01:27:34.159><c> that</c><01:27:34.320><c> are</c><01:27:34.400><c> alive</c><01:27:34.639><c> and</c><01:27:34.800><c> things</c>

01:27:34.950 --> 01:27:34.960 align:start position:0%
between things that are alive and things
 

01:27:34.960 --> 01:27:37.189 align:start position:0%
between things that are alive and things
that<01:27:35.120><c> are</c><01:27:35.280><c> dead?</c><01:27:35.600><c> The</c><01:27:35.840><c> answer</c><01:27:35.920><c> is</c><01:27:36.159><c> no.</c><01:27:36.960><c> The</c>

01:27:37.189 --> 01:27:37.199 align:start position:0%
that are dead? The answer is no. The
 

01:27:37.199 --> 01:27:39.990 align:start position:0%
that are dead? The answer is no. The
things<01:27:37.360><c> that</c><01:27:37.520><c> are</c><01:27:37.600><c> alive</c><01:27:38.239><c> in</c><01:27:38.560><c> my</c><01:27:38.800><c> world</c><01:27:39.679><c> are</c>

01:27:39.990 --> 01:27:40.000 align:start position:0%
things that are alive in my world are
 

01:27:40.000 --> 01:27:43.430 align:start position:0%
things that are alive in my world are
miracles,<01:27:41.360><c> not</c><01:27:41.600><c> magic.</c><01:27:42.080><c> Magic</c><01:27:42.560><c> has</c><01:27:42.719><c> a</c><01:27:43.120><c> bad</c>

01:27:43.430 --> 01:27:43.440 align:start position:0%
miracles, not magic. Magic has a bad
 

01:27:43.440 --> 01:27:45.189 align:start position:0%
miracles, not magic. Magic has a bad
connotation.

01:27:45.189 --> 01:27:45.199 align:start position:0%
connotation.
 

01:27:45.199 --> 01:27:46.629 align:start position:0%
connotation.
&gt;&gt; You<01:27:45.360><c> don't</c><01:27:45.520><c> believe</c><01:27:45.679><c> in</c><01:27:45.840><c> the</c><01:27:46.000><c> spirit</c><01:27:46.239><c> or</c><01:27:46.400><c> the</c>

01:27:46.629 --> 01:27:46.639 align:start position:0%
&gt;&gt; You don't believe in the spirit or the
 

01:27:46.639 --> 01:27:48.229 align:start position:0%
&gt;&gt; You don't believe in the spirit or the
soul.<01:27:46.880><c> That's</c><01:27:47.120><c> what</c><01:27:47.280><c> animates</c><01:27:47.760><c> people</c><01:27:48.000><c> is</c>

01:27:48.229 --> 01:27:48.239 align:start position:0%
soul. That's what animates people is
 

01:27:48.239 --> 01:27:50.149 align:start position:0%
soul. That's what animates people is
your<01:27:48.480><c> spirit</c><01:27:48.639><c> or</c><01:27:48.800><c> your</c><01:27:48.960><c> soul.</c><01:27:49.280><c> That's</c><01:27:49.440><c> what</c>

01:27:50.149 --> 01:27:50.159 align:start position:0%
your spirit or your soul. That's what
 

01:27:50.159 --> 01:27:51.750 align:start position:0%
your spirit or your soul. That's what
you<01:27:50.560><c> have.</c><01:27:50.800><c> You</c><01:27:50.880><c> ever</c><01:27:51.040><c> seen</c><01:27:51.199><c> someone</c><01:27:51.440><c> die?</c>

01:27:51.750 --> 01:27:51.760 align:start position:0%
you have. You ever seen someone die?
 

01:27:51.760 --> 01:27:53.270 align:start position:0%
you have. You ever seen someone die?
When<01:27:51.920><c> they</c><01:27:52.080><c> die,</c><01:27:52.320><c> their</c><01:27:52.480><c> spirit</c><01:27:52.800><c> leaves.</c>

01:27:53.270 --> 01:27:53.280 align:start position:0%
When they die, their spirit leaves.
 

01:27:53.280 --> 01:27:55.270 align:start position:0%
When they die, their spirit leaves.
&gt;&gt; Their<01:27:53.520><c> soul</c><01:27:53.840><c> leaves.</c><01:27:54.320><c> No</c><01:27:54.560><c> question.</c><01:27:54.880><c> So</c>

01:27:55.270 --> 01:27:55.280 align:start position:0%
&gt;&gt; Their soul leaves. No question. So
 

01:27:55.280 --> 01:27:56.629 align:start position:0%
&gt;&gt; Their soul leaves. No question. So
&gt;&gt; there's<01:27:55.520><c> no</c><01:27:55.600><c> question</c><01:27:55.840><c> to</c><01:27:56.000><c> you</c><01:27:56.159><c> about</c><01:27:56.320><c> that.</c>

01:27:56.629 --> 01:27:56.639 align:start position:0%
&gt;&gt; there's no question to you about that.
 

01:27:56.639 --> 01:27:57.669 align:start position:0%
&gt;&gt; there's no question to you about that.
&gt;&gt; No<01:27:56.800><c> question.</c>

01:27:57.669 --> 01:27:57.679 align:start position:0%
&gt;&gt; No question.
 

01:27:57.679 --> 01:27:59.270 align:start position:0%
&gt;&gt; No question.
&gt;&gt; There's<01:27:57.920><c> no</c><01:27:58.080><c> question</c><01:27:58.320><c> to</c><01:27:58.480><c> you</c><01:27:58.639><c> that</c><01:27:58.880><c> there</c><01:27:59.040><c> is</c>

01:27:59.270 --> 01:27:59.280 align:start position:0%
&gt;&gt; There's no question to you that there is
 

01:27:59.280 --> 01:28:02.870 align:start position:0%
&gt;&gt; There's no question to you that there is
some<01:27:59.600><c> animating</c><01:28:00.800><c> life</c><01:28:01.120><c> force</c><01:28:01.520><c> within</c><01:28:01.920><c> us</c><01:28:02.639><c> that</c>

01:28:02.870 --> 01:28:02.880 align:start position:0%
some animating life force within us that
 

01:28:02.880 --> 01:28:04.229 align:start position:0%
some animating life force within us that
leaves<01:28:03.199><c> when</c><01:28:03.360><c> you're</c><01:28:03.600><c> dead.</c>

01:28:04.229 --> 01:28:04.239 align:start position:0%
leaves when you're dead.
 

01:28:04.239 --> 01:28:07.189 align:start position:0%
leaves when you're dead.
&gt;&gt; Yes.<01:28:04.480><c> In</c><01:28:04.719><c> fact,</c><01:28:05.280><c> I</c><01:28:05.600><c> refer</c><01:28:05.920><c> to</c><01:28:06.080><c> the</c><01:28:06.320><c> soul.</c><01:28:06.880><c> This</c>

01:28:07.189 --> 01:28:07.199 align:start position:0%
&gt;&gt; Yes. In fact, I refer to the soul. This
 

01:28:07.199 --> 01:28:09.910 align:start position:0%
&gt;&gt; Yes. In fact, I refer to the soul. This
obviously<01:28:07.600><c> a</c><01:28:07.840><c> certain</c><01:28:08.960><c> the</c><01:28:09.280><c> questions</c><01:28:09.600><c> in</c><01:28:09.760><c> the</c>

01:28:09.910 --> 01:28:09.920 align:start position:0%
obviously a certain the questions in the
 

01:28:09.920 --> 01:28:11.030 align:start position:0%
obviously a certain the questions in the
past<01:28:10.320><c> even</c><01:28:10.480><c> during</c>

01:28:11.030 --> 01:28:11.040 align:start position:0%
past even during
 

01:28:11.040 --> 01:28:12.149 align:start position:0%
past even during
&gt;&gt; people<01:28:11.199><c> would</c><01:28:11.360><c> normally</c><01:28:11.679><c> think</c><01:28:11.840><c> you</c><01:28:12.000><c> were</c>

01:28:12.149 --> 01:28:12.159 align:start position:0%
&gt;&gt; people would normally think you were
 

01:28:12.159 --> 01:28:15.669 align:start position:0%
&gt;&gt; people would normally think you were
soulless.<01:28:12.960><c> So</c><01:28:14.400><c> have</c><01:28:14.560><c> you</c><01:28:14.800><c> just</c><01:28:15.040><c> No,</c><01:28:15.280><c> but</c><01:28:15.520><c> have</c>

01:28:15.669 --> 01:28:15.679 align:start position:0%
soulless. So have you just No, but have
 

01:28:15.679 --> 01:28:17.189 align:start position:0%
soulless. So have you just No, but have
you<01:28:15.840><c> talk</c><01:28:16.080><c> about</c><01:28:16.320><c> you</c><01:28:16.560><c> actually</c><01:28:16.800><c> believe</c><01:28:17.040><c> in</c>

01:28:17.189 --> 01:28:17.199 align:start position:0%
you talk about you actually believe in
 

01:28:17.199 --> 01:28:20.229 align:start position:0%
you talk about you actually believe in
it<01:28:17.840><c> and</c><01:28:18.159><c> have</c><01:28:19.120><c> done</c><01:28:19.360><c> some</c><01:28:19.600><c> thinking</c><01:28:19.840><c> about</c><01:28:20.080><c> it</c>

01:28:20.229 --> 01:28:20.239 align:start position:0%
it and have done some thinking about it
 

01:28:20.239 --> 01:28:21.669 align:start position:0%
it and have done some thinking about it
is<01:28:20.480><c> pretty</c><01:28:20.639><c> shocking</c><01:28:20.960><c> in</c><01:28:21.120><c> its</c><01:28:21.280><c> own</c><01:28:21.440><c> right,</c>

01:28:21.669 --> 01:28:21.679 align:start position:0%
is pretty shocking in its own right,
 

01:28:21.679 --> 01:28:26.470 align:start position:0%
is pretty shocking in its own right,
isn't<01:28:21.840><c> it?</c><01:28:22.560><c> Well</c><01:28:23.199><c> again</c><01:28:23.600><c> mathemat</c><01:28:24.480><c> linets</c><01:28:25.760><c> and</c>

01:28:26.470 --> 01:28:26.480 align:start position:0%
isn't it? Well again mathemat linets and
 

01:28:26.480 --> 01:28:27.669 align:start position:0%
isn't it? Well again mathemat linets and
linets<01:28:27.120><c> thought</c>

01:28:27.669 --> 01:28:27.679 align:start position:0%
linets thought
 

01:28:27.679 --> 01:28:29.669 align:start position:0%
linets thought
&gt;&gt; you<01:28:27.840><c> know</c><01:28:28.000><c> Newton</c><01:28:28.320><c> was</c><01:28:28.480><c> at</c><01:28:28.719><c> Cambridge</c><01:28:29.280><c> and</c><01:28:29.520><c> he</c>

01:28:29.669 --> 01:28:29.679 align:start position:0%
&gt;&gt; you know Newton was at Cambridge and he
 

01:28:29.679 --> 01:28:30.629 align:start position:0%
&gt;&gt; you know Newton was at Cambridge and he
was<01:28:29.760><c> the</c><01:28:29.840><c> head</c><01:28:29.920><c> of</c><01:28:30.000><c> the</c><01:28:30.159><c> math</c><01:28:30.400><c> department</c>

01:28:30.629 --> 01:28:30.639 align:start position:0%
was the head of the math department
 

01:28:30.639 --> 01:28:32.709 align:start position:0%
was the head of the math department
right<01:28:30.800><c> he's</c><01:28:30.960><c> a</c><01:28:31.120><c> professor</c><01:28:31.520><c> essentially</c>

01:28:32.709 --> 01:28:32.719 align:start position:0%
right he's a professor essentially
 

01:28:32.719 --> 01:28:34.629 align:start position:0%
right he's a professor essentially
&gt;&gt; linenets<01:28:33.360><c> who</c><01:28:33.600><c> was</c><01:28:33.679><c> lineness</c><01:28:34.159><c> a</c><01:28:34.320><c> German</c>

01:28:34.629 --> 01:28:34.639 align:start position:0%
&gt;&gt; linenets who was lineness a German
 

01:28:34.639 --> 01:28:35.270 align:start position:0%
&gt;&gt; linenets who was lineness a German
professor

01:28:35.270 --> 01:28:35.280 align:start position:0%
professor
 

01:28:35.280 --> 01:28:38.950 align:start position:0%
professor
&gt;&gt; yes<01:28:35.840><c> but</c><01:28:36.080><c> what</c><01:28:36.400><c> linets</c><01:28:37.199><c> said</c><01:28:37.440><c> is</c>

01:28:38.950 --> 01:28:38.960 align:start position:0%
&gt;&gt; yes but what linets said is
 

01:28:38.960 --> 01:28:43.189 align:start position:0%
&gt;&gt; yes but what linets said is
the<01:28:39.199><c> soul</c><01:28:39.520><c> is</c><01:28:39.679><c> so</c><01:28:40.000><c> strange</c><01:28:41.120><c> because</c><01:28:41.600><c> god</c><01:28:42.400><c> took</c>

01:28:43.189 --> 01:28:43.199 align:start position:0%
the soul is so strange because god took
 

01:28:43.199 --> 01:28:45.110 align:start position:0%
the soul is so strange because god took
chemicals<01:28:43.920><c> which</c><01:28:44.159><c> is</c><01:28:44.320><c> simply</c><01:28:44.560><c> the</c><01:28:44.800><c> material</c>

01:28:45.110 --> 01:28:45.120 align:start position:0%
chemicals which is simply the material
 

01:28:45.120 --> 01:28:49.110 align:start position:0%
chemicals which is simply the material
like<01:28:45.360><c> tables</c><01:28:46.480><c> and</c><01:28:46.960><c> he</c><01:28:48.000><c> somehow</c><01:28:48.560><c> made</c><01:28:48.800><c> this</c>

01:28:49.110 --> 01:28:49.120 align:start position:0%
like tables and he somehow made this
 

01:28:49.120 --> 01:28:51.830 align:start position:0%
like tables and he somehow made this
material<01:28:49.679><c> able</c><01:28:49.920><c> to</c><01:28:50.080><c> have</c><01:28:50.239><c> a</c><01:28:50.400><c> thought</c><01:28:51.520><c> How</c>

01:28:51.830 --> 01:28:51.840 align:start position:0%
material able to have a thought How
 

01:28:51.840 --> 01:28:54.550 align:start position:0%
material able to have a thought How
strange<01:28:52.080><c> is</c><01:28:52.320><c> that?</c><01:28:53.360><c> Not</c><01:28:53.600><c> only</c><01:28:53.840><c> does</c><01:28:54.080><c> it</c><01:28:54.320><c> it</c>

01:28:54.550 --> 01:28:54.560 align:start position:0%
strange is that? Not only does it it
 

01:28:54.560 --> 01:28:58.229 align:start position:0%
strange is that? Not only does it it
have<01:28:54.639><c> a</c><01:28:54.880><c> soul,</c><01:28:55.679><c> but</c><01:28:56.000><c> this</c><01:28:56.800><c> some</c><01:28:57.520><c> way</c><01:28:57.840><c> it</c><01:28:58.000><c> was</c>

01:28:58.229 --> 01:28:58.239 align:start position:0%
have a soul, but this some way it was
 

01:28:58.239 --> 01:28:59.990 align:start position:0%
have a soul, but this some way it was
put<01:28:58.400><c> together</c><01:28:58.800><c> that</c><01:28:59.120><c> this</c><01:28:59.440><c> material</c>

01:28:59.990 --> 01:29:00.000 align:start position:0%
put together that this material
 

01:29:00.000 --> 01:29:04.790 align:start position:0%
put together that this material
substance<01:29:00.960><c> can</c><01:29:01.199><c> is</c><01:29:01.520><c> able</c><01:29:01.760><c> to</c><01:29:02.800><c> think.</c><01:29:04.239><c> So</c><01:29:04.560><c> when</c>

01:29:04.790 --> 01:29:04.800 align:start position:0%
substance can is able to think. So when
 

01:29:04.800 --> 01:29:07.350 align:start position:0%
substance can is able to think. So when
you<01:29:04.960><c> say</c><01:29:05.120><c> to</c><01:29:05.280><c> me</c><01:29:05.840><c> it's</c><01:29:06.159><c> obvious</c><01:29:06.400><c> to</c><01:29:06.639><c> everyone</c>

01:29:07.350 --> 01:29:07.360 align:start position:0%
you say to me it's obvious to everyone
 

01:29:07.360 --> 01:29:10.310 align:start position:0%
you say to me it's obvious to everyone
that<01:29:07.600><c> there's</c><01:29:07.920><c> such</c><01:29:08.080><c> a</c><01:29:08.239><c> thing</c><01:29:08.320><c> as</c><01:29:08.480><c> a</c><01:29:08.719><c> soul.</c><01:29:09.920><c> Now</c>

01:29:10.310 --> 01:29:10.320 align:start position:0%
that there's such a thing as a soul. Now
 

01:29:10.320 --> 01:29:12.390 align:start position:0%
that there's such a thing as a soul. Now
if<01:29:10.560><c> you're</c><01:29:10.800><c> part</c><01:29:10.960><c> of</c><01:29:11.120><c> the</c><01:29:11.360><c> charlatanville,</c>

01:29:12.390 --> 01:29:12.400 align:start position:0%
if you're part of the charlatanville,
 

01:29:12.400 --> 01:29:15.030 align:start position:0%
if you're part of the charlatanville,
you'll<01:29:12.719><c> try</c><01:29:12.960><c> to</c><01:29:13.120><c> explain</c><01:29:13.520><c> it</c><01:29:13.760><c> to</c><01:29:14.000><c> people.</c><01:29:14.800><c> The</c>

01:29:15.030 --> 01:29:15.040 align:start position:0%
you'll try to explain it to people. The
 

01:29:15.040 --> 01:29:18.709 align:start position:0%
you'll try to explain it to people. The
soul<01:29:15.760><c> I</c><01:29:16.000><c> describe</c><01:29:16.480><c> is</c><01:29:16.719><c> the</c><01:29:16.960><c> dark</c><01:29:17.520><c> matter</c><01:29:18.480><c> of</c>

01:29:18.709 --> 01:29:18.719 align:start position:0%
soul I describe is the dark matter of
 

01:29:18.719 --> 01:29:21.430 align:start position:0%
soul I describe is the dark matter of
the<01:29:18.880><c> brain.</c><01:29:20.080><c> Why</c><01:29:20.400><c> is</c><01:29:20.560><c> it</c><01:29:20.719><c> dark</c><01:29:20.960><c> matter?</c>

01:29:21.430 --> 01:29:21.440 align:start position:0%
the brain. Why is it dark matter?
 

01:29:21.440 --> 01:29:23.430 align:start position:0%
the brain. Why is it dark matter?
Because<01:29:21.679><c> in</c><01:29:21.920><c> high</c><01:29:22.159><c> energy</c><01:29:22.560><c> physics</c><01:29:22.960><c> nowadays</c>

01:29:23.430 --> 01:29:23.440 align:start position:0%
Because in high energy physics nowadays
 

01:29:23.440 --> 01:29:26.629 align:start position:0%
Because in high energy physics nowadays
you<01:29:23.600><c> hear</c><01:29:24.880><c> terms</c><01:29:25.199><c> of</c><01:29:25.440><c> dark</c><01:29:25.760><c> matter,</c><01:29:26.239><c> dark</c>

01:29:26.629 --> 01:29:26.639 align:start position:0%
you hear terms of dark matter, dark
 

01:29:26.639 --> 01:29:30.229 align:start position:0%
you hear terms of dark matter, dark
energy.<01:29:27.920><c> Again,</c><01:29:28.320><c> terminology,</c><01:29:29.520><c> complicated</c>

01:29:30.229 --> 01:29:30.239 align:start position:0%
energy. Again, terminology, complicated
 

01:29:30.239 --> 01:29:32.070 align:start position:0%
energy. Again, terminology, complicated
term.<01:29:30.719><c> Why</c><01:29:30.880><c> is</c><01:29:31.040><c> it</c><01:29:31.199><c> dark</c><01:29:31.440><c> matter?</c><01:29:31.760><c> Because</c><01:29:31.920><c> we</c>

01:29:32.070 --> 01:29:32.080 align:start position:0%
term. Why is it dark matter? Because we
 

01:29:32.080 --> 01:29:34.229 align:start position:0%
term. Why is it dark matter? Because we
can't<01:29:32.239><c> see</c><01:29:32.400><c> it.</c><01:29:32.719><c> That's</c><01:29:32.960><c> all.</c><01:29:33.679><c> What?</c><01:29:33.920><c> What</c><01:29:34.080><c> do</c>

01:29:34.229 --> 01:29:34.239 align:start position:0%
can't see it. That's all. What? What do
 

01:29:34.239 --> 01:29:37.030 align:start position:0%
can't see it. That's all. What? What do
you<01:29:34.320><c> mean</c><01:29:34.400><c> you</c><01:29:34.639><c> can't</c><01:29:34.800><c> see</c><01:29:34.960><c> it?</c><01:29:35.280><c> Well,</c><01:29:36.320><c> somehow</c>

01:29:37.030 --> 01:29:37.040 align:start position:0%
you mean you can't see it? Well, somehow
 

01:29:37.040 --> 01:29:39.430 align:start position:0%
you mean you can't see it? Well, somehow
we<01:29:37.360><c> see</c><01:29:37.920><c> something</c><01:29:38.400><c> moving</c><01:29:38.800><c> towards</c><01:29:39.199><c> this</c>

01:29:39.430 --> 01:29:39.440 align:start position:0%
we see something moving towards this
 

01:29:39.440 --> 01:29:42.310 align:start position:0%
we see something moving towards this
area<01:29:39.679><c> of</c><01:29:40.000><c> darkness.</c><01:29:41.280><c> Something</c><01:29:41.760><c> I</c><01:29:42.000><c> can</c><01:29:42.159><c> see</c>

01:29:42.310 --> 01:29:42.320 align:start position:0%
area of darkness. Something I can see
 

01:29:42.320 --> 01:29:45.270 align:start position:0%
area of darkness. Something I can see
this<01:29:42.560><c> thing.</c><01:29:43.679><c> This</c><01:29:44.080><c> appears</c><01:29:44.480><c> to</c><01:29:44.639><c> me</c><01:29:44.800><c> to</c><01:29:45.040><c> be</c>

01:29:45.270 --> 01:29:45.280 align:start position:0%
this thing. This appears to me to be
 

01:29:45.280 --> 01:29:47.990 align:start position:0%
this thing. This appears to me to be
empty.<01:29:45.840><c> It's</c><01:29:46.080><c> just</c><01:29:46.400><c> black.</c><01:29:47.120><c> But</c><01:29:47.360><c> I</c><01:29:47.520><c> see</c><01:29:47.679><c> it</c>

01:29:47.990 --> 01:29:48.000 align:start position:0%
empty. It's just black. But I see it
 

01:29:48.000 --> 01:29:51.830 align:start position:0%
empty. It's just black. But I see it
being<01:29:48.400><c> drawn</c><01:29:49.600><c> this</c><01:29:49.920><c> way.</c><01:29:50.880><c> So</c><01:29:51.040><c> I</c><01:29:51.280><c> say,</c><01:29:51.440><c> well,</c><01:29:51.679><c> I</c>

01:29:51.830 --> 01:29:51.840 align:start position:0%
being drawn this way. So I say, well, I
 

01:29:51.840 --> 01:29:54.390 align:start position:0%
being drawn this way. So I say, well, I
know<01:29:52.239><c> if</c><01:29:52.400><c> this</c><01:29:52.639><c> were</c><01:29:52.800><c> matter,</c><01:29:53.920><c> that</c><01:29:54.159><c> would</c>

01:29:54.390 --> 01:29:54.400 align:start position:0%
know if this were matter, that would
 

01:29:54.400 --> 01:29:57.270 align:start position:0%
know if this were matter, that would
follow<01:29:54.719><c> that</c><01:29:54.960><c> equation.</c><01:29:55.360><c> If</c><01:29:55.520><c> this</c><01:29:55.679><c> was</c><01:29:55.920><c> solid,</c>

01:29:57.270 --> 01:29:57.280 align:start position:0%
follow that equation. If this was solid,
 

01:29:57.280 --> 01:29:59.910 align:start position:0%
follow that equation. If this was solid,
it<01:29:57.440><c> it</c><01:29:57.840><c> would</c><01:29:58.159><c> explain</c><01:29:59.199><c> the</c><01:29:59.440><c> way</c><01:29:59.600><c> this</c>

01:29:59.910 --> 01:29:59.920 align:start position:0%
it it would explain the way this
 

01:29:59.920 --> 01:30:01.990 align:start position:0%
it it would explain the way this
particle<01:30:00.400><c> moves.</c>

01:30:01.990 --> 01:30:02.000 align:start position:0%
particle moves.
 

01:30:02.000 --> 01:30:05.030 align:start position:0%
particle moves.
But<01:30:02.880><c> I</c><01:30:03.199><c> can't</c><01:30:03.360><c> see</c><01:30:03.600><c> anything</c><01:30:03.920><c> here,</c><01:30:04.560><c> so</c><01:30:04.800><c> I'll</c>

01:30:05.030 --> 01:30:05.040 align:start position:0%
But I can't see anything here, so I'll
 

01:30:05.040 --> 01:30:07.830 align:start position:0%
But I can't see anything here, so I'll
just<01:30:05.199><c> call</c><01:30:05.360><c> it</c><01:30:05.600><c> dark</c><01:30:06.639><c> matter.</c><01:30:07.199><c> And</c><01:30:07.440><c> we'll</c><01:30:07.600><c> say,</c>

01:30:07.830 --> 01:30:07.840 align:start position:0%
just call it dark matter. And we'll say,
 

01:30:07.840 --> 01:30:09.590 align:start position:0%
just call it dark matter. And we'll say,
I<01:30:08.000><c> don't</c><01:30:08.159><c> know</c><01:30:08.239><c> what</c><01:30:08.400><c> it</c><01:30:08.560><c> is,</c><01:30:08.880><c> but</c><01:30:09.120><c> it</c><01:30:09.280><c> behaves</c>

01:30:09.590 --> 01:30:09.600 align:start position:0%
I don't know what it is, but it behaves
 

01:30:09.600 --> 01:30:11.910 align:start position:0%
I don't know what it is, but it behaves
as<01:30:09.840><c> if</c><01:30:10.000><c> there</c><01:30:10.239><c> was</c><01:30:10.400><c> something</c><01:30:10.639><c> there.</c><01:30:11.679><c> The</c>

01:30:11.910 --> 01:30:11.920 align:start position:0%
as if there was something there. The
 

01:30:11.920 --> 01:30:15.830 align:start position:0%
as if there was something there. The
soul<01:30:12.639><c> is</c><01:30:12.960><c> obvious</c><01:30:13.360><c> to</c><01:30:13.760><c> everyone</c>

01:30:15.830 --> 01:30:15.840 align:start position:0%
soul is obvious to everyone
 

01:30:15.840 --> 01:30:17.510 align:start position:0%
soul is obvious to everyone
that<01:30:16.080><c> there's</c><01:30:16.400><c> something</c><01:30:16.800><c> different</c><01:30:17.120><c> between</c>

01:30:17.510 --> 01:30:17.520 align:start position:0%
that there's something different between
 

01:30:17.520 --> 01:30:19.030 align:start position:0%
that there's something different between
things<01:30:17.760><c> that</c><01:30:17.920><c> are</c><01:30:18.080><c> alive</c><01:30:18.320><c> and</c><01:30:18.639><c> things</c><01:30:18.880><c> that</c>

01:30:19.030 --> 01:30:19.040 align:start position:0%
things that are alive and things that
 

01:30:19.040 --> 01:30:21.510 align:start position:0%
things that are alive and things that
are<01:30:19.199><c> not</c><01:30:19.440><c> alive.</c><01:30:20.320><c> But</c><01:30:20.480><c> we</c><01:30:20.639><c> have</c><01:30:20.800><c> no</c><01:30:21.040><c> idea</c><01:30:21.280><c> what</c>

01:30:21.510 --> 01:30:21.520 align:start position:0%
are not alive. But we have no idea what
 

01:30:21.520 --> 01:30:24.870 align:start position:0%
are not alive. But we have no idea what
it<01:30:21.679><c> is.</c><01:30:22.159><c> It's</c><01:30:22.880><c> currently</c><01:30:23.440><c> unexplainable.</c><01:30:24.560><c> I</c>

01:30:24.870 --> 01:30:24.880 align:start position:0%
it is. It's currently unexplainable. I
 

01:30:24.880 --> 01:30:27.830 align:start position:0%
it is. It's currently unexplainable. I
believe<01:30:25.600><c> we</c><01:30:25.920><c> need</c><01:30:26.080><c> an</c><01:30:26.320><c> entirely</c><01:30:26.880><c> different</c>

01:30:27.830 --> 01:30:27.840 align:start position:0%
believe we need an entirely different
 

01:30:27.840 --> 01:30:32.390 align:start position:0%
believe we need an entirely different
system<01:30:28.239><c> of</c><01:30:28.560><c> analysis</c><01:30:29.520><c> to</c><01:30:29.760><c> try</c><01:30:29.920><c> to</c><01:30:30.080><c> figure</c><01:30:30.320><c> out.</c>

01:30:32.390 --> 01:30:32.400 align:start position:0%
system of analysis to try to figure out.
 

01:30:32.400 --> 01:30:36.310 align:start position:0%
system of analysis to try to figure out.
But<01:30:33.280><c> no</c><01:30:34.239><c> with</c><01:30:34.480><c> Newton</c><01:30:35.520><c> you</c><01:30:35.679><c> know</c><01:30:35.760><c> with</c><01:30:36.000><c> all</c><01:30:36.159><c> his</c>

01:30:36.310 --> 01:30:36.320 align:start position:0%
But no with Newton you know with all his
 

01:30:36.320 --> 01:30:38.870 align:start position:0%
But no with Newton you know with all his
alchemic<01:30:36.880><c> study</c><01:30:37.360><c> alche</c><01:30:38.000><c> chemical</c><01:30:38.400><c> studies</c>

01:30:38.870 --> 01:30:38.880 align:start position:0%
alchemic study alche chemical studies
 

01:30:38.880 --> 01:30:41.110 align:start position:0%
alchemic study alche chemical studies
and<01:30:39.040><c> and</c><01:30:39.120><c> and</c><01:30:39.600><c> and</c><01:30:40.080><c> things</c><01:30:40.320><c> he</c><01:30:40.560><c> worked</c><01:30:40.719><c> on</c><01:30:40.960><c> the</c>

01:30:41.110 --> 01:30:41.120 align:start position:0%
and and and and things he worked on the
 

01:30:41.120 --> 01:30:43.270 align:start position:0%
and and and and things he worked on the
spiritual<01:30:41.520><c> side</c><01:30:42.159><c> lie</c><01:30:42.719><c> that</c><01:30:42.880><c> just</c><01:30:43.040><c> talked</c>

01:30:43.270 --> 01:30:43.280 align:start position:0%
spiritual side lie that just talked
 

01:30:43.280 --> 01:30:45.030 align:start position:0%
spiritual side lie that just talked
about<01:30:43.360><c> the</c><01:30:43.600><c> soul</c><01:30:44.159><c> Schroeder</c><01:30:44.639><c> talk</c><01:30:44.719><c> about</c><01:30:44.880><c> what</c>

01:30:45.030 --> 01:30:45.040 align:start position:0%
about the soul Schroeder talk about what
 

01:30:45.040 --> 01:30:47.750 align:start position:0%
about the soul Schroeder talk about what
was<01:30:45.199><c> life</c><01:30:45.600><c> if</c><01:30:45.760><c> a</c><01:30:46.000><c> modern</c><01:30:46.320><c> scientist</c><01:30:47.360><c> or</c>

01:30:47.750 --> 01:30:47.760 align:start position:0%
was life if a modern scientist or
 

01:30:47.760 --> 01:30:49.430 align:start position:0%
was life if a modern scientist or
someone<01:30:48.000><c> that</c><01:30:48.159><c> you</c><01:30:48.320><c> funded</c><01:30:48.639><c> at</c><01:30:48.800><c> MIT</c><01:30:49.199><c> or</c>

01:30:49.430 --> 01:30:49.440 align:start position:0%
someone that you funded at MIT or
 

01:30:49.440 --> 01:30:51.270 align:start position:0%
someone that you funded at MIT or
Harvard<01:30:49.760><c> or</c><01:30:49.920><c> one</c><01:30:50.080><c> of</c><01:30:50.159><c> these</c><01:30:50.320><c> things</c><01:30:50.800><c> talked</c><01:30:51.120><c> in</c>

01:30:51.270 --> 01:30:51.280 align:start position:0%
Harvard or one of these things talked in
 

01:30:51.280 --> 01:30:53.590 align:start position:0%
Harvard or one of these things talked in
those<01:30:51.520><c> types</c><01:30:51.679><c> of</c><01:30:51.840><c> terms</c><01:30:52.880><c> they</c><01:30:53.120><c> would</c><01:30:53.440><c> be</c>

01:30:53.590 --> 01:30:53.600 align:start position:0%
those types of terms they would be
 

01:30:53.600 --> 01:30:54.950 align:start position:0%
those types of terms they would be
considered<01:30:53.840><c> to</c><01:30:53.920><c> be</c><01:30:54.000><c> a</c><01:30:54.080><c> wing</c><01:30:54.400><c> nut</c><01:30:54.639><c> today</c>

01:30:54.950 --> 01:30:54.960 align:start position:0%
considered to be a wing nut today
 

01:30:54.960 --> 01:30:57.110 align:start position:0%
considered to be a wing nut today
wouldn't<01:30:55.199><c> they</c><01:30:56.159><c> would</c><01:30:56.320><c> not</c><01:30:56.480><c> be</c><01:30:56.719><c> they</c><01:30:56.960><c> would</c>

01:30:57.110 --> 01:30:57.120 align:start position:0%
wouldn't they would not be they would
 

01:30:57.120 --> 01:31:01.430 align:start position:0%
wouldn't they would not be they would
not<01:30:57.280><c> be</c><01:30:57.360><c> on</c><01:30:57.600><c> the</c><01:30:57.760><c> path</c><01:30:58.639><c> uh</c><01:30:58.719><c> for</c><01:30:58.960><c> tenure</c><01:31:00.080><c> Right?</c>

01:31:01.430 --> 01:31:01.440 align:start position:0%
not be on the path uh for tenure Right?
 

01:31:01.440 --> 01:31:02.790 align:start position:0%
not be on the path uh for tenure Right?
&gt;&gt; Unless<01:31:01.760><c> they</c><01:31:01.920><c> were</c><01:31:02.000><c> in</c><01:31:02.159><c> the</c><01:31:02.239><c> philosophy</c>

01:31:02.790 --> 01:31:02.800 align:start position:0%
&gt;&gt; Unless they were in the philosophy
 

01:31:02.800 --> 01:31:03.830 align:start position:0%
&gt;&gt; Unless they were in the philosophy
department.<01:31:03.600><c> That</c>

01:31:03.830 --> 01:31:03.840 align:start position:0%
department. That
 

01:31:03.840 --> 01:31:05.350 align:start position:0%
department. That
&gt;&gt; this<01:31:04.080><c> is</c><01:31:04.159><c> exactly</c><01:31:04.560><c> my</c><01:31:04.719><c> point.</c><01:31:05.040><c> We're</c><01:31:05.280><c> talking</c>

01:31:05.350 --> 01:31:05.360 align:start position:0%
&gt;&gt; this is exactly my point. We're talking
 

01:31:05.360 --> 01:31:06.550 align:start position:0%
&gt;&gt; this is exactly my point. We're talking
about<01:31:05.600><c> three</c><01:31:05.840><c> of</c><01:31:05.920><c> the</c><01:31:06.080><c> greatest</c>

01:31:06.550 --> 01:31:06.560 align:start position:0%
about three of the greatest
 

01:31:06.560 --> 01:31:09.270 align:start position:0%
about three of the greatest
mathematicians<01:31:07.520><c> in</c><01:31:07.840><c> mankind's</c><01:31:08.400><c> history</c><01:31:09.040><c> that</c>

01:31:09.270 --> 01:31:09.280 align:start position:0%
mathematicians in mankind's history that
 

01:31:09.280 --> 01:31:11.189 align:start position:0%
mathematicians in mankind's history that
have<01:31:09.520><c> really</c><01:31:09.760><c> changed</c><01:31:10.080><c> mankind</c><01:31:10.719><c> talking</c><01:31:10.960><c> like</c>

01:31:11.189 --> 01:31:11.199 align:start position:0%
have really changed mankind talking like
 

01:31:11.199 --> 01:31:13.189 align:start position:0%
have really changed mankind talking like
this.<01:31:11.679><c> What</c><01:31:12.000><c> happened?</c><01:31:12.320><c> How</c><01:31:12.480><c> do</c><01:31:12.560><c> we</c><01:31:12.719><c> get</c><01:31:12.800><c> to</c><01:31:12.960><c> a</c>

01:31:13.189 --> 01:31:13.199 align:start position:0%
this. What happened? How do we get to a
 

01:31:13.199 --> 01:31:16.310 align:start position:0%
this. What happened? How do we get to a
situation<01:31:14.080><c> where</c><01:31:14.880><c> they</c><01:31:15.199><c> could</c><01:31:15.360><c> not</c><01:31:15.600><c> be</c><01:31:15.840><c> in</c><01:31:16.080><c> the</c>

01:31:16.310 --> 01:31:16.320 align:start position:0%
situation where they could not be in the
 

01:31:16.320 --> 01:31:17.910 align:start position:0%
situation where they could not be in the
high<01:31:16.560><c> physics,</c><01:31:17.199><c> you</c><01:31:17.360><c> know,</c><01:31:17.440><c> they</c><01:31:17.679><c> could</c><01:31:17.840><c> not</c>

01:31:17.910 --> 01:31:17.920 align:start position:0%
high physics, you know, they could not
 

01:31:17.920 --> 01:31:19.750 align:start position:0%
high physics, you know, they could not
be<01:31:18.000><c> in</c><01:31:18.159><c> the</c><01:31:18.320><c> mathemat</c><01:31:18.880><c> in</c><01:31:19.040><c> the</c><01:31:19.199><c> mathematics</c>

01:31:19.750 --> 01:31:19.760 align:start position:0%
be in the mathemat in the mathematics
 

01:31:19.760 --> 01:31:22.390 align:start position:0%
be in the mathemat in the mathematics
department<01:31:20.320><c> or</c><01:31:20.560><c> working</c><01:31:20.800><c> in</c><01:31:21.920><c> high</c><01:31:22.080><c> energy</c>

01:31:22.390 --> 01:31:22.400 align:start position:0%
department or working in high energy
 

01:31:22.400 --> 01:31:22.790 align:start position:0%
department or working in high energy
physics?

01:31:22.790 --> 01:31:22.800 align:start position:0%
physics?
 

01:31:22.800 --> 01:31:24.470 align:start position:0%
physics?
&gt;&gt; Good.<01:31:22.960><c> It's</c><01:31:23.040><c> an</c><01:31:23.199><c> easy</c><01:31:23.440><c> answer.</c>

01:31:24.470 --> 01:31:24.480 align:start position:0%
&gt;&gt; Good. It's an easy answer.
 

01:31:24.480 --> 01:31:26.149 align:start position:0%
&gt;&gt; Good. It's an easy answer.
Newton<01:31:24.880><c> was</c><01:31:25.120><c> a</c><01:31:25.360><c> combination</c><01:31:25.920><c> of</c>

01:31:26.149 --> 01:31:26.159 align:start position:0%
Newton was a combination of
 

01:31:26.159 --> 01:31:28.709 align:start position:0%
Newton was a combination of
mathematician<01:31:27.199><c> or</c><01:31:27.520><c> geometry</c><01:31:28.080><c> then</c><01:31:28.320><c> and</c>

01:31:28.709 --> 01:31:28.719 align:start position:0%
mathematician or geometry then and
 

01:31:28.719 --> 01:31:32.070 align:start position:0%
mathematician or geometry then and
philosopher<01:31:30.000><c> and</c><01:31:30.239><c> as</c><01:31:30.480><c> time</c><01:31:30.719><c> went</c><01:31:30.960><c> on</c><01:31:31.679><c> that</c>

01:31:32.070 --> 01:31:32.080 align:start position:0%
philosopher and as time went on that
 

01:31:32.080 --> 01:31:34.310 align:start position:0%
philosopher and as time went on that
those<01:31:32.480><c> disciplines</c><01:31:32.960><c> seemed</c><01:31:33.280><c> to</c><01:31:33.600><c> move</c><01:31:33.840><c> apart.</c>

01:31:34.310 --> 01:31:34.320 align:start position:0%
those disciplines seemed to move apart.
 

01:31:34.320 --> 01:31:36.229 align:start position:0%
those disciplines seemed to move apart.
We<01:31:34.480><c> had</c><01:31:34.639><c> philosophy</c><01:31:35.280><c> who</c><01:31:35.840><c> some</c><01:31:36.080><c> of</c><01:31:36.159><c> the</c>

01:31:36.229 --> 01:31:36.239 align:start position:0%
We had philosophy who some of the
 

01:31:36.239 --> 01:31:37.910 align:start position:0%
We had philosophy who some of the
philosophers<01:31:36.800><c> can't</c><01:31:37.040><c> do</c><01:31:37.199><c> math</c><01:31:37.440><c> and</c><01:31:37.679><c> some</c><01:31:37.760><c> of</c>

01:31:37.910 --> 01:31:37.920 align:start position:0%
philosophers can't do math and some of
 

01:31:37.920 --> 01:31:39.590 align:start position:0%
philosophers can't do math and some of
the<01:31:38.080><c> mathematicians</c><01:31:39.040><c> and</c><01:31:39.280><c> again</c>

01:31:39.590 --> 01:31:39.600 align:start position:0%
the mathematicians and again
 

01:31:39.600 --> 01:31:41.270 align:start position:0%
the mathematicians and again
mathematicians<01:31:40.239><c> often</c><01:31:40.560><c> break</c><01:31:40.719><c> into</c><01:31:41.040><c> two</c>

01:31:41.270 --> 01:31:41.280 align:start position:0%
mathematicians often break into two
 

01:31:41.280 --> 01:31:44.550 align:start position:0%
mathematicians often break into two
categories.<01:31:42.159><c> People</c><01:31:42.400><c> that</c><01:31:42.719><c> solve</c><01:31:43.199><c> problems</c>

01:31:44.550 --> 01:31:44.560 align:start position:0%
categories. People that solve problems
 

01:31:44.560 --> 01:31:46.229 align:start position:0%
categories. People that solve problems
those<01:31:44.800><c> are</c><01:31:45.120><c> more</c><01:31:45.360><c> like</c><01:31:45.600><c> geometries</c><01:31:46.080><c> in</c><01:31:46.159><c> the</c>

01:31:46.229 --> 01:31:46.239 align:start position:0%
those are more like geometries in the
 

01:31:46.239 --> 01:31:48.790 align:start position:0%
those are more like geometries in the
old<01:31:46.400><c> age</c><01:31:46.880><c> problem</c><01:31:47.199><c> solvers</c><01:31:47.920><c> and</c><01:31:48.080><c> then</c><01:31:48.239><c> there's</c>

01:31:48.790 --> 01:31:48.800 align:start position:0%
old age problem solvers and then there's
 

01:31:48.800 --> 01:31:51.750 align:start position:0%
old age problem solvers and then there's
thinkers<01:31:49.600><c> theoreticians.</c><01:31:50.960><c> They're</c><01:31:51.280><c> more</c>

01:31:51.750 --> 01:31:51.760 align:start position:0%
thinkers theoreticians. They're more
 

01:31:51.760 --> 01:31:53.830 align:start position:0%
thinkers theoreticians. They're more
like<01:31:52.000><c> the</c><01:31:52.159><c> old</c><01:31:52.960><c> movement</c><01:31:53.360><c> towards</c>

01:31:53.830 --> 01:31:53.840 align:start position:0%
like the old movement towards
 

01:31:53.840 --> 01:31:56.550 align:start position:0%
like the old movement towards
philosophy.<01:31:55.199><c> But</c><01:31:55.440><c> neither</c><01:31:55.760><c> one</c><01:31:55.920><c> of</c><01:31:56.080><c> those</c><01:31:56.320><c> two</c>

01:31:56.550 --> 01:31:56.560 align:start position:0%
philosophy. But neither one of those two
 

01:31:56.560 --> 01:31:59.510 align:start position:0%
philosophy. But neither one of those two
groups<01:31:56.960><c> have</c><01:31:57.120><c> been</c><01:31:57.280><c> able</c><01:31:57.440><c> to</c><01:31:57.600><c> figure</c><01:31:57.840><c> out</c><01:31:59.199><c> why</c>

01:31:59.510 --> 01:31:59.520 align:start position:0%
groups have been able to figure out why
 

01:31:59.520 --> 01:32:01.750 align:start position:0%
groups have been able to figure out why
something<01:31:59.840><c> is</c><01:32:00.080><c> alive</c><01:32:01.199><c> as</c><01:32:01.360><c> opposed</c><01:32:01.600><c> to</c>

01:32:01.750 --> 01:32:01.760 align:start position:0%
something is alive as opposed to
 

01:32:01.760 --> 01:32:03.110 align:start position:0%
something is alive as opposed to
something<01:32:02.000><c> that's</c><01:32:02.159><c> not</c><01:32:02.320><c> alive.</c><01:32:02.719><c> No</c><01:32:02.960><c> one's</c>

01:32:03.110 --> 01:32:03.120 align:start position:0%
something that's not alive. No one's
 

01:32:03.120 --> 01:32:04.950 align:start position:0%
something that's not alive. No one's
been<01:32:03.280><c> able</c><01:32:03.440><c> to</c><01:32:03.600><c> describe</c><01:32:04.080><c> what</c><01:32:04.320><c> the</c><01:32:04.480><c> soul</c><01:32:04.800><c> is,</c>

01:32:04.950 --> 01:32:04.960 align:start position:0%
been able to describe what the soul is,
 

01:32:04.960 --> 01:32:08.629 align:start position:0%
been able to describe what the soul is,
but<01:32:05.120><c> we</c><01:32:05.360><c> all</c><01:32:05.440><c> know</c><01:32:05.600><c> it</c><01:32:05.840><c> exists.</c>

01:32:08.629 --> 01:32:08.639 align:start position:0%
but we all know it exists.
 

01:32:08.639 --> 01:32:13.189 align:start position:0%
but we all know it exists.
And<01:32:09.920><c> my</c><01:32:10.239><c> I</c><01:32:10.400><c> I</c><01:32:10.800><c> think</c><01:32:11.840><c> um</c><01:32:12.320><c> what</c><01:32:12.560><c> we</c><01:32:12.719><c> need</c><01:32:12.800><c> is</c><01:32:12.960><c> a</c>

01:32:13.189 --> 01:32:13.199 align:start position:0%
And my I I think um what we need is a
 

01:32:13.199 --> 01:32:15.110 align:start position:0%
And my I I think um what we need is a
new<01:32:13.520><c> science</c><01:32:13.840><c> is</c><01:32:14.000><c> a</c><01:32:14.159><c> bad</c><01:32:14.320><c> word.</c><01:32:14.560><c> I</c><01:32:14.719><c> I</c><01:32:14.960><c> think</c>

01:32:15.110 --> 01:32:15.120 align:start position:0%
new science is a bad word. I I think
 

01:32:15.120 --> 01:32:18.149 align:start position:0%
new science is a bad word. I I think
science<01:32:15.679><c> only</c><01:32:16.000><c> describes</c><01:32:16.480><c> the</c><01:32:16.960><c> things</c><01:32:17.199><c> we</c>

01:32:18.149 --> 01:32:18.159 align:start position:0%
science only describes the things we
 

01:32:18.159 --> 01:32:19.750 align:start position:0%
science only describes the things we
already<01:32:18.480><c> know</c><01:32:18.719><c> about</c><01:32:18.880><c> the</c><01:32:19.120><c> physical</c><01:32:19.440><c> world.</c>

01:32:19.750 --> 01:32:19.760 align:start position:0%
already know about the physical world.
 

01:32:19.760 --> 01:32:21.590 align:start position:0%
already know about the physical world.
In<01:32:20.000><c> fact,</c><01:32:20.400><c> there's</c><01:32:20.639><c> an</c><01:32:20.800><c> argument</c><01:32:21.120><c> that</c><01:32:21.360><c> the</c>

01:32:21.590 --> 01:32:21.600 align:start position:0%
In fact, there's an argument that the
 

01:32:21.600 --> 01:32:24.390 align:start position:0%
In fact, there's an argument that the
physical<01:32:22.000><c> world</c><01:32:22.159><c> that</c><01:32:22.480><c> we</c><01:32:22.719><c> see</c><01:32:23.920><c> has</c><01:32:24.159><c> been</c>

01:32:24.390 --> 01:32:24.400 align:start position:0%
physical world that we see has been
 

01:32:24.400 --> 01:32:27.990 align:start position:0%
physical world that we see has been
created<01:32:25.199><c> out</c><01:32:25.440><c> of</c><01:32:25.760><c> our</c><01:32:26.400><c> systems</c><01:32:27.040><c> to</c><01:32:27.280><c> be</c><01:32:27.600><c> of</c>

01:32:27.990 --> 01:32:28.000 align:start position:0%
created out of our systems to be of
 

01:32:28.000 --> 01:32:30.629 align:start position:0%
created out of our systems to be of
mathematics.<01:32:29.440><c> Mathematics,</c><01:32:30.159><c> everyone</c><01:32:30.400><c> knows</c>

01:32:30.629 --> 01:32:30.639 align:start position:0%
mathematics. Mathematics, everyone knows
 

01:32:30.639 --> 01:32:32.709 align:start position:0%
mathematics. Mathematics, everyone knows
mathematics<01:32:31.280><c> describes</c><01:32:31.679><c> the</c><01:32:31.920><c> physical</c><01:32:32.239><c> world</c>

01:32:32.709 --> 01:32:32.719 align:start position:0%
mathematics describes the physical world
 

01:32:32.719 --> 01:32:36.950 align:start position:0%
mathematics describes the physical world
much<01:32:33.760><c> greater</c><01:32:34.159><c> than</c><01:32:34.400><c> it</c><01:32:34.639><c> should</c><01:32:36.080><c> unless</c><01:32:36.400><c> you</c>

01:32:36.950 --> 01:32:36.960 align:start position:0%
much greater than it should unless you
 

01:32:36.960 --> 01:32:39.750 align:start position:0%
much greater than it should unless you
my<01:32:37.199><c> view</c><01:32:38.080><c> the</c><01:32:38.320><c> physical</c><01:32:38.719><c> world</c><01:32:39.199><c> really</c><01:32:39.520><c> comes</c>

01:32:39.750 --> 01:32:39.760 align:start position:0%
my view the physical world really comes
 

01:32:39.760 --> 01:32:42.629 align:start position:0%
my view the physical world really comes
out<01:32:40.080><c> of</c><01:32:41.120><c> conscious</c><01:32:41.679><c> beings</c><01:32:42.159><c> that</c><01:32:42.400><c> have</c>

01:32:42.629 --> 01:32:42.639 align:start position:0%
out of conscious beings that have
 

01:32:42.639 --> 01:32:45.270 align:start position:0%
out of conscious beings that have
mathematics.<01:32:43.440><c> So</c><01:32:43.679><c> they</c><01:32:43.920><c> create</c><01:32:44.159><c> it.</c><01:32:44.960><c> This</c>

01:32:45.270 --> 01:32:45.280 align:start position:0%
mathematics. So they create it. This
 

01:32:45.280 --> 01:32:48.870 align:start position:0%
mathematics. So they create it. This
table<01:32:46.159><c> appears</c><01:32:46.560><c> to</c><01:32:46.719><c> you</c><01:32:46.880><c> and</c><01:32:47.040><c> I</c><01:32:47.120><c> to</c><01:32:47.360><c> be</c><01:32:47.440><c> solid.</c>

01:32:48.870 --> 01:32:48.880 align:start position:0%
table appears to you and I to be solid.
 

01:32:48.880 --> 01:32:52.790 align:start position:0%
table appears to you and I to be solid.
To<01:32:49.120><c> a</c><01:32:49.360><c> bat</c><01:32:50.239><c> it</c><01:32:50.800><c> or</c><01:32:51.199><c> if</c><01:32:51.760><c> because</c><01:32:52.000><c> we</c><01:32:52.320><c> have</c><01:32:52.560><c> light</c>

01:32:52.790 --> 01:32:52.800 align:start position:0%
To a bat it or if because we have light
 

01:32:52.800 --> 01:32:54.629 align:start position:0%
To a bat it or if because we have light
that's<01:32:53.120><c> bouncing</c><01:32:53.440><c> off</c><01:32:53.600><c> the</c><01:32:53.760><c> table</c><01:32:54.000><c> into</c><01:32:54.320><c> my</c>

01:32:54.629 --> 01:32:54.639 align:start position:0%
that's bouncing off the table into my
 

01:32:54.639 --> 01:32:58.950 align:start position:0%
that's bouncing off the table into my
our<01:32:54.880><c> eyes,</c><01:32:55.840><c> it</c><01:32:56.159><c> appears</c><01:32:57.199><c> solid.</c><01:32:58.400><c> If</c><01:32:58.639><c> instead</c>

01:32:58.950 --> 01:32:58.960 align:start position:0%
our eyes, it appears solid. If instead
 

01:32:58.960 --> 01:33:02.870 align:start position:0%
our eyes, it appears solid. If instead
of<01:32:59.840><c> eyes</c><01:33:00.320><c> that</c><01:33:00.719><c> responded</c><01:33:01.280><c> to</c><01:33:01.840><c> wavelengths</c><01:33:02.560><c> of</c>

01:33:02.870 --> 01:33:02.880 align:start position:0%
of eyes that responded to wavelengths of
 

01:33:02.880 --> 01:33:04.870 align:start position:0%
of eyes that responded to wavelengths of
visual<01:33:03.360><c> light,</c>

01:33:04.870 --> 01:33:04.880 align:start position:0%
visual light,
 

01:33:04.880 --> 01:33:08.550 align:start position:0%
visual light,
our<01:33:05.199><c> eyes</c><01:33:05.679><c> responded</c><01:33:06.159><c> to</c><01:33:06.400><c> radio</c><01:33:06.800><c> waves,</c>

01:33:08.550 --> 01:33:08.560 align:start position:0%
our eyes responded to radio waves,
 

01:33:08.560 --> 01:33:10.629 align:start position:0%
our eyes responded to radio waves,
the<01:33:08.880><c> radio</c><01:33:09.440><c> frequencies.</c><01:33:10.159><c> It's</c><01:33:10.400><c> not</c>

01:33:10.629 --> 01:33:10.639 align:start position:0%
the radio frequencies. It's not
 

01:33:10.639 --> 01:33:12.070 align:start position:0%
the radio frequencies. It's not
different.<01:33:11.040><c> It's</c><01:33:11.280><c> the</c><01:33:11.520><c> same</c><01:33:11.679><c> type</c><01:33:11.920><c> of</c>

01:33:12.070 --> 01:33:12.080 align:start position:0%
different. It's the same type of
 

01:33:12.080 --> 01:33:15.270 align:start position:0%
different. It's the same type of
frequency<01:33:12.480><c> as</c><01:33:12.960><c> light</c><01:33:13.280><c> with</c><01:33:13.600><c> different</c><01:33:14.800><c> um</c>

01:33:15.270 --> 01:33:15.280 align:start position:0%
frequency as light with different um
 

01:33:15.280 --> 01:33:18.629 align:start position:0%
frequency as light with different um
speeds.<01:33:16.560><c> The</c><01:33:16.880><c> table's</c><01:33:17.280><c> invisible.</c><01:33:18.320><c> We</c><01:33:18.560><c> know</c>

01:33:18.629 --> 01:33:18.639 align:start position:0%
speeds. The table's invisible. We know
 

01:33:18.639 --> 01:33:21.990 align:start position:0%
speeds. The table's invisible. We know
that<01:33:18.880><c> we</c><01:33:19.199><c> our</c><01:33:19.440><c> phone</c><01:33:19.760><c> works</c><01:33:20.080><c> in</c><01:33:20.320><c> this</c><01:33:20.560><c> room.</c><01:33:21.840><c> So</c>

01:33:21.990 --> 01:33:22.000 align:start position:0%
that we our phone works in this room. So
 

01:33:22.000 --> 01:33:23.830 align:start position:0%
that we our phone works in this room. So
the<01:33:22.639><c> waves</c><01:33:23.040><c> are</c><01:33:23.199><c> coming</c><01:33:23.440><c> through</c><01:33:23.679><c> the</c>

01:33:23.830 --> 01:33:23.840 align:start position:0%
the waves are coming through the
 

01:33:23.840 --> 01:33:25.189 align:start position:0%
the waves are coming through the
windows.<01:33:24.239><c> The</c><01:33:24.400><c> waves</c><01:33:24.639><c> are</c><01:33:24.800><c> coming</c><01:33:24.960><c> through</c>

01:33:25.189 --> 01:33:25.199 align:start position:0%
windows. The waves are coming through
 

01:33:25.199 --> 01:33:28.709 align:start position:0%
windows. The waves are coming through
the<01:33:25.440><c> walls.</c><01:33:26.560><c> So</c><01:33:26.719><c> the</c><01:33:27.040><c> walls</c><01:33:27.360><c> are</c><01:33:27.600><c> invisible</c><01:33:28.400><c> to</c>

01:33:28.709 --> 01:33:28.719 align:start position:0%
the walls. So the walls are invisible to
 

01:33:28.719 --> 01:33:31.270 align:start position:0%
the walls. So the walls are invisible to
that<01:33:29.120><c> type</c><01:33:29.360><c> of</c><01:33:29.600><c> radiation,</c><01:33:30.719><c> that</c><01:33:30.960><c> type</c><01:33:31.120><c> of</c>

01:33:31.270 --> 01:33:31.280 align:start position:0%
that type of radiation, that type of
 

01:33:31.280 --> 01:33:34.790 align:start position:0%
that type of radiation, that type of
energy.<01:33:32.320><c> The</c><01:33:32.560><c> walls</c><01:33:32.960><c> are</c><01:33:33.840><c> I</c><01:33:34.080><c> can</c><01:33:34.239><c> see</c><01:33:34.400><c> them</c>

01:33:34.790 --> 01:33:34.800 align:start position:0%
energy. The walls are I can see them
 

01:33:34.800 --> 01:33:37.510 align:start position:0%
energy. The walls are I can see them
because<01:33:35.440><c> my</c><01:33:35.840><c> eyes</c>

01:33:37.510 --> 01:33:37.520 align:start position:0%
because my eyes
 

01:33:37.520 --> 01:33:40.629 align:start position:0%
because my eyes
a<01:33:37.760><c> physical</c><01:33:38.239><c> system</c><01:33:38.960><c> determines</c><01:33:39.520><c> that</c><01:33:40.400><c> the</c>

01:33:40.629 --> 01:33:40.639 align:start position:0%
a physical system determines that the
 

01:33:40.639 --> 01:33:42.310 align:start position:0%
a physical system determines that the
walls<01:33:40.960><c> are</c><01:33:41.120><c> there.</c>

01:33:42.310 --> 01:33:42.320 align:start position:0%
walls are there.
 

01:33:42.320 --> 01:33:43.990 align:start position:0%
walls are there.
&gt;&gt; You

01:33:43.990 --> 01:33:44.000 align:start position:0%
&gt;&gt; You
 

01:33:44.000 --> 01:33:47.590 align:start position:0%
&gt;&gt; You
with<01:33:44.480><c> with</c><01:33:44.880><c> Murray</c><01:33:45.199><c> Gel</c><01:33:45.920><c> you</c><01:33:46.239><c> founded</c><01:33:47.199><c> or</c><01:33:47.440><c> with</c>

01:33:47.590 --> 01:33:47.600 align:start position:0%
with with Murray Gel you founded or with
 

01:33:47.600 --> 01:33:50.709 align:start position:0%
with with Murray Gel you founded or with
the<01:33:47.840><c> original</c><01:33:48.239><c> donor</c><01:33:48.800><c> and</c><01:33:49.280><c> had</c><01:33:49.840><c> the</c><01:33:50.080><c> idea</c><01:33:50.480><c> of</c>

01:33:50.709 --> 01:33:50.719 align:start position:0%
the original donor and had the idea of
 

01:33:50.719 --> 01:33:52.870 align:start position:0%
the original donor and had the idea of
Santa<01:33:50.960><c> Fe</c><01:33:51.280><c> Institute</c>

01:33:52.870 --> 01:33:52.880 align:start position:0%
Santa Fe Institute
 

01:33:52.880 --> 01:33:57.270 align:start position:0%
Santa Fe Institute
in<01:33:53.280><c> 10</c><01:33:53.440><c> or</c><01:33:53.679><c> 15</c><01:33:54.000><c> years</c><01:33:54.239><c> later</c><01:33:54.800><c> that</c><01:33:55.440><c> effort</c><01:33:56.560><c> to</c>

01:33:57.270 --> 01:33:57.280 align:start position:0%
in 10 or 15 years later that effort to
 

01:33:57.280 --> 01:33:59.750 align:start position:0%
in 10 or 15 years later that effort to
study<01:33:57.600><c> the</c><01:33:57.840><c> complexity</c><01:33:58.400><c> of</c><01:33:58.560><c> systems</c>

01:33:59.750 --> 01:33:59.760 align:start position:0%
study the complexity of systems
 

01:33:59.760 --> 01:34:00.870 align:start position:0%
study the complexity of systems
mathematically.

01:34:00.870 --> 01:34:00.880 align:start position:0%
mathematically.
 

01:34:00.880 --> 01:34:02.790 align:start position:0%
mathematically.
&gt;&gt; Yes.

01:34:02.790 --> 01:34:02.800 align:start position:0%
&gt;&gt; Yes.
 

01:34:02.800 --> 01:34:03.910 align:start position:0%
&gt;&gt; Yes.
It's<01:34:02.880><c> a</c><01:34:03.120><c> total</c><01:34:03.360><c> failure.</c><01:34:03.760><c> Yeah.</c>

01:34:03.910 --> 01:34:03.920 align:start position:0%
It's a total failure. Yeah.
 

01:34:03.920 --> 01:34:04.709 align:start position:0%
It's a total failure. Yeah.
&gt;&gt; A<01:34:04.080><c> total</c><01:34:04.320><c> failure.</c>

01:34:04.709 --> 01:34:04.719 align:start position:0%
&gt;&gt; A total failure.
 

01:34:04.719 --> 01:34:05.590 align:start position:0%
&gt;&gt; A total failure.
&gt;&gt; Total<01:34:05.040><c> failure.</c>

01:34:05.590 --> 01:34:05.600 align:start position:0%
&gt;&gt; Total failure.
 

01:34:05.600 --> 01:34:07.030 align:start position:0%
&gt;&gt; Total failure.
&gt;&gt; Why<01:34:05.840><c> is</c><01:34:06.000><c> that?</c><01:34:06.880><c> It</c>

01:34:07.030 --> 01:34:07.040 align:start position:0%
&gt;&gt; Why is that? It
 

01:34:07.040 --> 01:34:09.110 align:start position:0%
&gt;&gt; Why is that? It
&gt;&gt; it's<01:34:07.360><c> the</c><01:34:07.600><c> failure</c><01:34:07.920><c> of</c><01:34:08.080><c> science</c><01:34:08.480><c> because</c><01:34:08.880><c> in</c>

01:34:09.110 --> 01:34:09.120 align:start position:0%
&gt;&gt; it's the failure of science because in
 

01:34:09.120 --> 01:34:12.149 align:start position:0%
&gt;&gt; it's the failure of science because in
fact<01:34:10.080><c> if</c><01:34:10.159><c> if</c><01:34:10.400><c> to</c><01:34:10.800><c> some</c><01:34:11.040><c> extent</c><01:34:11.520><c> science</c>

01:34:12.149 --> 01:34:12.159 align:start position:0%
fact if if to some extent science
 

01:34:12.159 --> 01:34:14.790 align:start position:0%
fact if if to some extent science
doesn't<01:34:12.480><c> describe</c><01:34:13.280><c> romance.</c><01:34:14.320><c> I</c><01:34:14.560><c> don't</c><01:34:14.719><c> know</c>

01:34:14.790 --> 01:34:14.800 align:start position:0%
doesn't describe romance. I don't know
 

01:34:14.800 --> 01:34:17.590 align:start position:0%
doesn't describe romance. I don't know
why<01:34:15.040><c> I'm</c><01:34:15.280><c> attracted</c><01:34:15.600><c> to</c><01:34:15.840><c> somebody.</c><01:34:17.280><c> I</c><01:34:17.520><c> don't</c>

01:34:17.590 --> 01:34:17.600 align:start position:0%
why I'm attracted to somebody. I don't
 

01:34:17.600 --> 01:34:19.590 align:start position:0%
why I'm attracted to somebody. I don't
know<01:34:18.320><c> people</c><01:34:18.639><c> are</c><01:34:18.800><c> attracted</c><01:34:19.120><c> to</c><01:34:19.280><c> each</c><01:34:19.360><c> other</c>

01:34:19.590 --> 01:34:19.600 align:start position:0%
know people are attracted to each other
 

01:34:19.600 --> 01:34:21.350 align:start position:0%
know people are attracted to each other
and<01:34:19.760><c> some</c><01:34:20.000><c> everyone</c><01:34:20.320><c> has</c><01:34:20.480><c> the</c><01:34:20.719><c> same</c><01:34:20.880><c> feeling.</c>

01:34:21.350 --> 01:34:21.360 align:start position:0%
and some everyone has the same feeling.
 

01:34:21.360 --> 01:34:23.030 align:start position:0%
and some everyone has the same feeling.
They've<01:34:21.679><c> seen</c><01:34:21.920><c> someone</c><01:34:22.239><c> walk</c><01:34:22.400><c> in</c><01:34:22.639><c> the</c><01:34:22.800><c> room</c>

01:34:23.030 --> 01:34:23.040 align:start position:0%
They've seen someone walk in the room
 

01:34:23.040 --> 01:34:24.629 align:start position:0%
They've seen someone walk in the room
and<01:34:23.280><c> they</c><01:34:23.440><c> say,</c><01:34:23.520><c> "Oh,</c><01:34:23.840><c> that</c><01:34:24.080><c> person</c><01:34:24.320><c> gives</c><01:34:24.560><c> me</c>

01:34:24.629 --> 01:34:24.639 align:start position:0%
and they say, "Oh, that person gives me
 

01:34:24.639 --> 01:34:27.350 align:start position:0%
and they say, "Oh, that person gives me
the<01:34:24.880><c> a</c><01:34:25.120><c> creepy</c><01:34:25.600><c> feeling."</c>

01:34:27.350 --> 01:34:27.360 align:start position:0%
the a creepy feeling."
 

01:34:27.360 --> 01:34:29.189 align:start position:0%
the a creepy feeling."
Science<01:34:27.679><c> has</c><01:34:27.920><c> tried</c><01:34:28.159><c> to</c><01:34:28.320><c> describe.</c><01:34:28.800><c> Science</c>

01:34:29.189 --> 01:34:29.199 align:start position:0%
Science has tried to describe. Science
 

01:34:29.199 --> 01:34:30.950 align:start position:0%
Science has tried to describe. Science
doesn't<01:34:29.440><c> describe</c><01:34:29.840><c> what</c><01:34:30.080><c> creepy</c><01:34:30.480><c> feelings</c>

01:34:30.950 --> 01:34:30.960 align:start position:0%
doesn't describe what creepy feelings
 

01:34:30.960 --> 01:34:33.910 align:start position:0%
doesn't describe what creepy feelings
means.<01:34:31.679><c> They</c><01:34:32.000><c> just</c><01:34:32.159><c> know</c><01:34:33.199><c> it's</c><01:34:33.440><c> a</c><01:34:33.600><c> creepy</c>

01:34:33.910 --> 01:34:33.920 align:start position:0%
means. They just know it's a creepy
 

01:34:33.920 --> 01:34:36.950 align:start position:0%
means. They just know it's a creepy
feeling.<01:34:34.400><c> I</c><01:34:34.639><c> think</c><01:34:35.280><c> women,</c><01:34:36.239><c> as</c><01:34:36.400><c> I</c><01:34:36.560><c> said</c><01:34:36.719><c> the</c>

01:34:36.950 --> 01:34:36.960 align:start position:0%
feeling. I think women, as I said the
 

01:34:36.960 --> 01:34:38.870 align:start position:0%
feeling. I think women, as I said the
last<01:34:37.120><c> time,</c>

01:34:38.870 --> 01:34:38.880 align:start position:0%
last time,
 

01:34:38.880 --> 01:34:40.870 align:start position:0%
last time,
have<01:34:39.120><c> an</c><01:34:39.440><c> intuitive</c><01:34:40.159><c> sense.</c><01:34:40.480><c> What</c><01:34:40.719><c> is</c>

01:34:40.870 --> 01:34:40.880 align:start position:0%
have an intuitive sense. What is
 

01:34:40.880 --> 01:34:43.030 align:start position:0%
have an intuitive sense. What is
intuitive?<01:34:41.440><c> They</c><01:34:41.600><c> have</c><01:34:42.080><c> intuition.</c><01:34:42.880><c> They</c>

01:34:43.030 --> 01:34:43.040 align:start position:0%
intuitive? They have intuition. They
 

01:34:43.040 --> 01:34:45.189 align:start position:0%
intuitive? They have intuition. They
have<01:34:43.280><c> feelings.</c><01:34:43.920><c> And</c><01:34:44.080><c> they're</c><01:34:44.400><c> able</c><01:34:44.639><c> to</c><01:34:44.960><c> deal</c>

01:34:45.189 --> 01:34:45.199 align:start position:0%
have feelings. And they're able to deal
 

01:34:45.199 --> 01:34:47.110 align:start position:0%
have feelings. And they're able to deal
in<01:34:45.440><c> the</c><01:34:45.600><c> realm</c>

01:34:47.110 --> 01:34:47.120 align:start position:0%
in the realm
 

01:34:47.120 --> 01:34:49.750 align:start position:0%
in the realm
of<01:34:47.520><c> things</c><01:34:47.760><c> that</c><01:34:48.159><c> men,</c><01:34:48.560><c> especially</c><01:34:49.199><c> men</c><01:34:49.520><c> like</c>

01:34:49.750 --> 01:34:49.760 align:start position:0%
of things that men, especially men like
 

01:34:49.760 --> 01:34:53.430 align:start position:0%
of things that men, especially men like
myself,<01:34:50.800><c> find</c><01:34:51.280><c> unexplainable.</c><01:34:52.639><c> They</c><01:34:52.880><c> have</c>

01:34:53.430 --> 01:34:53.440 align:start position:0%
myself, find unexplainable. They have
 

01:34:53.440 --> 01:34:56.070 align:start position:0%
myself, find unexplainable. They have
great<01:34:54.000><c> women</c><01:34:54.320><c> have</c><01:34:54.480><c> intuition.</c>

01:34:56.070 --> 01:34:56.080 align:start position:0%
great women have intuition.
 

01:34:56.080 --> 01:34:58.550 align:start position:0%
great women have intuition.
Men<01:34:56.480><c> see</c><01:34:56.719><c> things</c><01:34:56.960><c> a</c><01:34:57.280><c> bit</c><01:34:57.520><c> differently.</c><01:34:58.000><c> They</c>

01:34:58.550 --> 01:34:58.560 align:start position:0%
Men see things a bit differently. They
 

01:34:58.560 --> 01:35:00.229 align:start position:0%
Men see things a bit differently. They
men<01:34:58.800><c> want</c><01:34:58.960><c> to</c><01:34:59.120><c> measure</c><01:34:59.520><c> everything.</c><01:35:00.000><c> Women</c>

01:35:00.229 --> 01:35:00.239 align:start position:0%
men want to measure everything. Women
 

01:35:00.239 --> 01:35:02.149 align:start position:0%
men want to measure everything. Women
are<01:35:00.480><c> not</c><01:35:01.199><c> really</c><01:35:01.440><c> that</c><01:35:01.679><c> interested</c><01:35:01.920><c> in</c>

01:35:02.149 --> 01:35:02.159 align:start position:0%
are not really that interested in
 

01:35:02.159 --> 01:35:05.910 align:start position:0%
are not really that interested in
measuring

01:35:05.910 --> 01:35:05.920 align:start position:0%
 
 

01:35:05.920 --> 01:35:07.990 align:start position:0%
 
in<01:35:06.159><c> in</c><01:35:06.400><c> what</c><01:35:06.560><c> you're</c><01:35:06.719><c> saying</c><01:35:06.880><c> in</c><01:35:07.120><c> macro</c><01:35:07.520><c> terms.</c>

01:35:07.990 --> 01:35:08.000 align:start position:0%
in in what you're saying in macro terms.
 

01:35:08.000 --> 01:35:11.110 align:start position:0%
in in what you're saying in macro terms.
You<01:35:08.239><c> actually</c><01:35:08.639><c> think</c><01:35:09.280><c> science,</c>

01:35:11.110 --> 01:35:11.120 align:start position:0%
You actually think science,
 

01:35:11.120 --> 01:35:13.350 align:start position:0%
You actually think science,
mathematics,<01:35:11.840><c> maybe</c><01:35:12.239><c> ultimately</c><01:35:12.639><c> technology</c>

01:35:13.350 --> 01:35:13.360 align:start position:0%
mathematics, maybe ultimately technology
 

01:35:13.360 --> 01:35:16.390 align:start position:0%
mathematics, maybe ultimately technology
is<01:35:13.600><c> moving</c><01:35:13.920><c> to</c><01:35:14.159><c> that</c><01:35:14.400><c> more</c><01:35:14.639><c> intuitive.</c><01:35:16.080><c> I</c>

01:35:16.390 --> 01:35:16.400 align:start position:0%
is moving to that more intuitive. I
 

01:35:16.400 --> 01:35:19.830 align:start position:0%
is moving to that more intuitive. I
think<01:35:16.880><c> science</c><01:35:17.199><c> and</c><01:35:17.520><c> math</c><01:35:17.760><c> are</c><01:35:18.159><c> old-fashioned</c>

01:35:19.830 --> 01:35:19.840 align:start position:0%
think science and math are old-fashioned
 

01:35:19.840 --> 01:35:22.070 align:start position:0%
think science and math are old-fashioned
and<01:35:20.480><c> unfortunately</c><01:35:21.280><c> people</c><01:35:21.520><c> are</c><01:35:21.760><c> still</c>

01:35:22.070 --> 01:35:22.080 align:start position:0%
and unfortunately people are still
 

01:35:22.080 --> 01:35:23.990 align:start position:0%
and unfortunately people are still
taught<01:35:22.480><c> that</c><01:35:22.719><c> they</c><01:35:22.960><c> have</c><01:35:23.120><c> to</c><01:35:23.280><c> learn</c><01:35:23.520><c> algebra</c>

01:35:23.990 --> 01:35:24.000 align:start position:0%
taught that they have to learn algebra
 

01:35:24.000 --> 01:35:26.790 align:start position:0%
taught that they have to learn algebra
in<01:35:24.320><c> school</c><01:35:24.639><c> and</c><01:35:25.280><c> certain</c><01:35:25.679><c> things</c><01:35:25.920><c> in</c><01:35:26.159><c> school</c>

01:35:26.790 --> 01:35:26.800 align:start position:0%
in school and certain things in school
 

01:35:26.800 --> 01:35:30.790 align:start position:0%
in school and certain things in school
as<01:35:27.040><c> opposed</c><01:35:27.360><c> to</c><01:35:28.080><c> learning</c><01:35:28.480><c> to</c><01:35:29.840><c> give</c><01:35:30.239><c> have</c>

01:35:30.790 --> 01:35:30.800 align:start position:0%
as opposed to learning to give have
 

01:35:30.800 --> 01:35:32.390 align:start position:0%
as opposed to learning to give have
&gt;&gt; this<01:35:31.040><c> is</c><01:35:31.120><c> this</c><01:35:31.280><c> what</c><01:35:31.440><c> Larry</c><01:35:31.679><c> Summers</c><01:35:32.159><c> was</c>

01:35:32.390 --> 01:35:32.400 align:start position:0%
&gt;&gt; this is this what Larry Summers was
 

01:35:32.400 --> 01:35:34.950 align:start position:0%
&gt;&gt; this is this what Larry Summers was
trying<01:35:32.639><c> to</c><01:35:32.800><c> get</c><01:35:32.880><c> at</c><01:35:33.199><c> maybe</c><01:35:33.440><c> didn't</c><01:35:33.679><c> say</c><01:35:33.840><c> it</c>

01:35:34.950 --> 01:35:34.960 align:start position:0%
trying to get at maybe didn't say it
 

01:35:34.960 --> 01:35:36.550 align:start position:0%
trying to get at maybe didn't say it
perfectly<01:35:35.440><c> enough</c><01:35:35.760><c> but</c><01:35:35.920><c> what</c><01:35:36.080><c> he</c><01:35:36.320><c> was</c><01:35:36.400><c> trying</c>

01:35:36.550 --> 01:35:36.560 align:start position:0%
perfectly enough but what he was trying
 

01:35:36.560 --> 01:35:39.990 align:start position:0%
perfectly enough but what he was trying
to<01:35:36.639><c> get</c><01:35:36.719><c> to</c><01:35:36.960><c> in</c><01:35:37.760><c> that</c><01:35:38.320><c> system</c><01:35:39.120><c> the</c><01:35:39.360><c> systems</c><01:35:39.760><c> we</c>

01:35:39.990 --> 01:35:40.000 align:start position:0%
to get to in that system the systems we
 

01:35:40.000 --> 01:35:41.830 align:start position:0%
to get to in that system the systems we
study<01:35:40.239><c> today</c><01:35:40.800><c> the</c><01:35:41.040><c> way</c><01:35:41.199><c> mathematics</c><01:35:41.760><c> is</c>

01:35:41.830 --> 01:35:41.840 align:start position:0%
study today the way mathematics is
 

01:35:41.840 --> 01:35:44.709 align:start position:0%
study today the way mathematics is
either<01:35:42.080><c> taught</c><01:35:42.320><c> or</c><01:35:42.639><c> understood</c><01:35:44.080><c> that</c><01:35:44.320><c> women</c>

01:35:44.709 --> 01:35:44.719 align:start position:0%
either taught or understood that women
 

01:35:44.719 --> 01:35:46.229 align:start position:0%
either taught or understood that women
just<01:35:44.960><c> haven't</c><01:35:45.199><c> gotten</c><01:35:45.440><c> up</c><01:35:45.520><c> to</c><01:35:45.760><c> the</c><01:35:45.920><c> highest</c>

01:35:46.229 --> 01:35:46.239 align:start position:0%
just haven't gotten up to the highest
 

01:35:46.239 --> 01:35:48.950 align:start position:0%
just haven't gotten up to the highest
realms<01:35:46.719><c> of</c><01:35:47.760><c> engineering</c><01:35:48.239><c> or</c><01:35:48.480><c> physics</c><01:35:48.719><c> or</c>

01:35:48.950 --> 01:35:48.960 align:start position:0%
realms of engineering or physics or
 

01:35:48.960 --> 01:35:50.790 align:start position:0%
realms of engineering or physics or
mathematics<01:35:49.600><c> because</c><01:35:49.920><c> of</c><01:35:50.080><c> that.</c><01:35:50.400><c> And</c><01:35:50.560><c> you're</c>

01:35:50.790 --> 01:35:50.800 align:start position:0%
mathematics because of that. And you're
 

01:35:50.800 --> 01:35:53.030 align:start position:0%
mathematics because of that. And you're
you're<01:35:51.280><c> actually</c><01:35:51.520><c> implying</c><01:35:51.920><c> that</c><01:35:52.159><c> there's</c><01:35:52.400><c> a</c>

01:35:53.030 --> 01:35:53.040 align:start position:0%
you're actually implying that there's a
 

01:35:53.040 --> 01:35:54.550 align:start position:0%
you're actually implying that there's a
either<01:35:53.360><c> new</c><01:35:53.600><c> branch</c><01:35:53.840><c> of</c><01:35:54.000><c> science</c><01:35:54.239><c> or</c><01:35:54.400><c> we've</c>

01:35:54.550 --> 01:35:54.560 align:start position:0%
either new branch of science or we've
 

01:35:54.560 --> 01:35:56.390 align:start position:0%
either new branch of science or we've
hit<01:35:54.719><c> an</c><01:35:54.800><c> inflection</c><01:35:55.199><c> point</c><01:35:55.440><c> like</c><01:35:55.600><c> in</c><01:35:55.760><c> Newton</c>

01:35:56.390 --> 01:35:56.400 align:start position:0%
hit an inflection point like in Newton
 

01:35:56.400 --> 01:35:59.350 align:start position:0%
hit an inflection point like in Newton
that's<01:35:56.719><c> going</c><01:35:56.800><c> to</c><01:35:56.880><c> go</c><01:35:57.040><c> in</c><01:35:57.199><c> a</c><01:35:57.679><c> Newton</c><01:35:58.960><c> took</c>

01:35:59.350 --> 01:35:59.360 align:start position:0%
that's going to go in a Newton took
 

01:35:59.360 --> 01:36:00.870 align:start position:0%
that's going to go in a Newton took
mankind<01:35:59.840><c> in</c><01:36:00.000><c> a</c><01:36:00.159><c> different</c><01:36:00.320><c> direction</c><01:36:00.639><c> because</c>

01:36:00.870 --> 01:36:00.880 align:start position:0%
mankind in a different direction because
 

01:36:00.880 --> 01:36:02.790 align:start position:0%
mankind in a different direction because
he<01:36:01.040><c> was</c><01:36:01.199><c> able</c><01:36:01.360><c> to</c><01:36:01.520><c> measure.</c><01:36:02.239><c> Then</c><01:36:02.400><c> you</c><01:36:02.560><c> had</c>

01:36:02.790 --> 01:36:02.800 align:start position:0%
he was able to measure. Then you had
 

01:36:02.800 --> 01:36:05.189 align:start position:0%
he was able to measure. Then you had
subatomic,<01:36:03.600><c> you</c><01:36:03.760><c> know,</c><01:36:04.080><c> non-Newtonian</c>

01:36:05.189 --> 01:36:05.199 align:start position:0%
subatomic, you know, non-Newtonian
 

01:36:05.199 --> 01:36:07.430 align:start position:0%
subatomic, you know, non-Newtonian
physics<01:36:05.600><c> later.</c><01:36:06.400><c> Are</c><01:36:06.639><c> you</c><01:36:06.800><c> saying</c><01:36:07.040><c> that</c><01:36:07.280><c> you</c>

01:36:07.430 --> 01:36:07.440 align:start position:0%
physics later. Are you saying that you
 

01:36:07.440 --> 01:36:09.510 align:start position:0%
physics later. Are you saying that you
think<01:36:07.600><c> there's</c><01:36:07.920><c> another</c><01:36:08.320><c> developing</c><01:36:08.960><c> field</c>

01:36:09.510 --> 01:36:09.520 align:start position:0%
think there's another developing field
 

01:36:09.520 --> 01:36:11.669 align:start position:0%
think there's another developing field
that's<01:36:09.920><c> coming</c><01:36:10.159><c> up</c><01:36:10.400><c> that</c><01:36:10.880><c> may</c><01:36:11.120><c> take</c><01:36:11.280><c> us</c><01:36:11.440><c> I</c>

01:36:11.669 --> 01:36:11.679 align:start position:0%
that's coming up that may take us I
 

01:36:11.679 --> 01:36:13.669 align:start position:0%
that's coming up that may take us I
don't<01:36:11.760><c> know</c><01:36:11.840><c> how</c><01:36:12.080><c> many</c><01:36:12.239><c> decades</c><01:36:13.120><c> to</c><01:36:13.360><c> get</c><01:36:13.520><c> our</c>

01:36:13.669 --> 01:36:13.679 align:start position:0%
don't know how many decades to get our
 

01:36:13.679 --> 01:36:15.189 align:start position:0%
don't know how many decades to get our
hands<01:36:13.920><c> around</c><01:36:14.159><c> but</c><01:36:14.320><c> that</c><01:36:14.560><c> that's</c><01:36:14.880><c> what's</c>

01:36:15.189 --> 01:36:15.199 align:start position:0%
hands around but that that's what's
 

01:36:15.199 --> 01:36:16.310 align:start position:0%
hands around but that that's what's
evolving<01:36:15.600><c> out</c><01:36:15.760><c> of</c><01:36:15.920><c> this?</c>

01:36:16.310 --> 01:36:16.320 align:start position:0%
evolving out of this?
 

01:36:16.320 --> 01:36:20.229 align:start position:0%
evolving out of this?
&gt;&gt; Yes.<01:36:17.520><c> Yeah.</c><01:36:18.400><c> In</c><01:36:18.719><c> in</c><01:36:18.960><c> fact</c><01:36:19.120><c> I</c><01:36:19.360><c> think</c><01:36:19.520><c> that</c>

01:36:20.229 --> 01:36:20.239 align:start position:0%
&gt;&gt; Yes. Yeah. In in fact I think that
 

01:36:20.239 --> 01:36:22.709 align:start position:0%
&gt;&gt; Yes. Yeah. In in fact I think that
mathematics<01:36:21.280><c> it's</c><01:36:21.600><c> not</c><01:36:21.679><c> the</c><01:36:21.920><c> end</c><01:36:22.080><c> of</c><01:36:22.320><c> science</c>

01:36:22.709 --> 01:36:22.719 align:start position:0%
mathematics it's not the end of science
 

01:36:22.719 --> 01:36:24.070 align:start position:0%
mathematics it's not the end of science
and<01:36:22.880><c> every</c><01:36:23.040><c> year</c><01:36:23.280><c> someone</c><01:36:23.520><c> says</c><01:36:23.679><c> it's</c><01:36:23.840><c> the</c><01:36:24.000><c> end</c>

01:36:24.070 --> 01:36:24.080 align:start position:0%
and every year someone says it's the end
 

01:36:24.080 --> 01:36:25.830 align:start position:0%
and every year someone says it's the end
of<01:36:24.400><c> we</c><01:36:24.639><c> can't</c><01:36:24.800><c> discover</c><01:36:25.280><c> it</c><01:36:25.440><c> everything</c>

01:36:25.830 --> 01:36:25.840 align:start position:0%
of we can't discover it everything
 

01:36:25.840 --> 01:36:27.430 align:start position:0%
of we can't discover it everything
there's<01:36:26.080><c> lots</c><01:36:26.320><c> to</c><01:36:26.480><c> discover</c><01:36:27.120><c> with</c>

01:36:27.430 --> 01:36:27.440 align:start position:0%
there's lots to discover with
 

01:36:27.440 --> 01:36:29.189 align:start position:0%
there's lots to discover with
relationship<01:36:28.000><c> to</c><01:36:28.159><c> the</c><01:36:28.400><c> physical</c><01:36:28.719><c> world</c><01:36:28.960><c> but</c>

01:36:29.189 --> 01:36:29.199 align:start position:0%
relationship to the physical world but
 

01:36:29.199 --> 01:36:32.149 align:start position:0%
relationship to the physical world but
we<01:36:29.360><c> know</c><01:36:29.600><c> a</c><01:36:29.760><c> lot</c><01:36:30.000><c> already</c><01:36:30.880><c> with</c><01:36:31.199><c> in</c><01:36:31.520><c> respect</c><01:36:31.920><c> to</c>

01:36:32.149 --> 01:36:32.159 align:start position:0%
we know a lot already with in respect to
 

01:36:32.159 --> 01:36:35.189 align:start position:0%
we know a lot already with in respect to
the<01:36:32.480><c> unexplainable</c><01:36:33.600><c> world.</c><01:36:34.320><c> we</c><01:36:34.639><c> almost</c><01:36:34.960><c> know</c>

01:36:35.189 --> 01:36:35.199 align:start position:0%
the unexplainable world. we almost know
 

01:36:35.199 --> 01:36:38.629 align:start position:0%
the unexplainable world. we almost know
nothing.<01:36:36.560><c> Women</c><01:36:37.120><c> again</c><01:36:37.840><c> sense</c><01:36:38.159><c> it.</c><01:36:38.400><c> And</c>

01:36:38.629 --> 01:36:38.639 align:start position:0%
nothing. Women again sense it. And
 

01:36:38.639 --> 01:36:40.470 align:start position:0%
nothing. Women again sense it. And
instead<01:36:38.960><c> of</c><01:36:39.120><c> Larry</c><01:36:39.440><c> Summers,</c><01:36:39.920><c> I'll</c><01:36:40.080><c> just</c><01:36:40.239><c> I</c>

01:36:40.470 --> 01:36:40.480 align:start position:0%
instead of Larry Summers, I'll just I
 

01:36:40.480 --> 01:36:43.830 align:start position:0%
instead of Larry Summers, I'll just I
won't<01:36:41.360><c> uh</c><01:36:41.600><c> digress</c><01:36:42.080><c> too</c><01:36:42.320><c> much,</c><01:36:42.800><c> but</c><01:36:43.360><c> Howard</c>

01:36:43.830 --> 01:36:43.840 align:start position:0%
won't uh digress too much, but Howard
 

01:36:43.840 --> 01:36:47.510 align:start position:0%
won't uh digress too much, but Howard
Gardner<01:36:44.960><c> early</c><01:36:45.280><c> on</c><01:36:45.520><c> said</c><01:36:46.639><c> there's</c><01:36:47.040><c> not</c><01:36:47.280><c> one</c>

01:36:47.510 --> 01:36:47.520 align:start position:0%
Gardner early on said there's not one
 

01:36:47.520 --> 01:36:49.109 align:start position:0%
Gardner early on said there's not one
form<01:36:47.840><c> of</c><01:36:48.000><c> intelligence.</c><01:36:48.719><c> It's</c><01:36:48.960><c> not</c>

01:36:49.109 --> 01:36:49.119 align:start position:0%
form of intelligence. It's not
 

01:36:49.119 --> 01:36:51.669 align:start position:0%
form of intelligence. It's not
mathematical<01:36:49.920><c> intelligence.</c><01:36:51.040><c> There's</c>

01:36:51.669 --> 01:36:51.679 align:start position:0%
mathematical intelligence. There's
 

01:36:51.679 --> 01:36:53.590 align:start position:0%
mathematical intelligence. There's
emotional<01:36:52.320><c> intelligence</c><01:36:53.040><c> that</c><01:36:53.280><c> there's</c>

01:36:53.590 --> 01:36:53.600 align:start position:0%
emotional intelligence that there's
 

01:36:53.600 --> 01:36:55.990 align:start position:0%
emotional intelligence that there's
kinesthetic<01:36:54.400><c> intelligence.</c><01:36:55.679><c> You</c><01:36:55.840><c> know,</c>

01:36:55.990 --> 01:36:56.000 align:start position:0%
kinesthetic intelligence. You know,
 

01:36:56.000 --> 01:36:58.070 align:start position:0%
kinesthetic intelligence. You know,
there<01:36:56.239><c> there's</c><01:36:56.480><c> this</c><01:36:56.800><c> argument</c><01:36:57.280><c> that</c><01:36:57.600><c> I</c>

01:36:58.070 --> 01:36:58.080 align:start position:0%
there there's this argument that I
 

01:36:58.080 --> 01:37:00.229 align:start position:0%
there there's this argument that I
reject<01:36:58.639><c> that</c><01:36:59.280><c> black</c><01:36:59.600><c> people</c><01:36:59.840><c> are</c><01:37:00.000><c> less</c>

01:37:00.229 --> 01:37:00.239 align:start position:0%
reject that black people are less
 

01:37:00.239 --> 01:37:02.070 align:start position:0%
reject that black people are less
intelligent<01:37:00.800><c> than</c><01:37:01.040><c> white</c><01:37:01.280><c> people.</c><01:37:01.600><c> It's</c><01:37:01.840><c> not</c>

01:37:02.070 --> 01:37:02.080 align:start position:0%
intelligent than white people. It's not
 

01:37:02.080 --> 01:37:03.750 align:start position:0%
intelligent than white people. It's not
true.

01:37:03.750 --> 01:37:03.760 align:start position:0%
true.
 

01:37:03.760 --> 01:37:06.310 align:start position:0%
true.
We<01:37:04.080><c> know,</c><01:37:04.320><c> for</c><01:37:04.400><c> example,</c><01:37:04.719><c> that</c><01:37:04.960><c> if</c><01:37:05.360><c> if</c><01:37:05.920><c> I</c><01:37:06.159><c> was</c>

01:37:06.310 --> 01:37:06.320 align:start position:0%
We know, for example, that if if I was
 

01:37:06.320 --> 01:37:09.750 align:start position:0%
We know, for example, that if if I was
in<01:37:06.480><c> a</c><01:37:06.639><c> in</c><01:37:06.880><c> the</c><01:37:07.119><c> forest</c><01:37:07.679><c> and</c><01:37:08.000><c> I</c><01:37:08.159><c> had</c><01:37:08.320><c> to</c><01:37:09.199><c> run</c><01:37:09.520><c> from</c>

01:37:09.750 --> 01:37:09.760 align:start position:0%
in a in the forest and I had to run from
 

01:37:09.760 --> 01:37:11.910 align:start position:0%
in a in the forest and I had to run from
the<01:37:09.920><c> lion</c><01:37:10.400><c> or</c><01:37:10.719><c> figure</c><01:37:10.960><c> out</c><01:37:11.040><c> a</c><01:37:11.280><c> way</c><01:37:11.360><c> not</c><01:37:11.600><c> to</c><01:37:11.760><c> be</c>

01:37:11.910 --> 01:37:11.920 align:start position:0%
the lion or figure out a way not to be
 

01:37:11.920 --> 01:37:16.709 align:start position:0%
the lion or figure out a way not to be
eaten<01:37:12.800><c> and</c><01:37:13.040><c> my</c><01:37:13.360><c> com</c><01:37:13.760><c> competition</c><01:37:14.719><c> is</c><01:37:14.960><c> a</c><01:37:15.360><c> local</c>

01:37:16.709 --> 01:37:16.719 align:start position:0%
eaten and my com competition is a local
 

01:37:16.719 --> 01:37:19.109 align:start position:0%
eaten and my com competition is a local
African,<01:37:17.679><c> I'm</c><01:37:17.920><c> going</c><01:37:18.000><c> to</c><01:37:18.159><c> I'm</c><01:37:18.560><c> the</c><01:37:18.719><c> one</c><01:37:18.880><c> who's</c>

01:37:19.109 --> 01:37:19.119 align:start position:0%
African, I'm going to I'm the one who's
 

01:37:19.119 --> 01:37:20.629 align:start position:0%
African, I'm going to I'm the one who's
getting<01:37:19.280><c> eaten</c><01:37:19.760><c> because</c><01:37:20.080><c> they</c><01:37:20.320><c> have</c><01:37:20.480><c> the</c>

01:37:20.629 --> 01:37:20.639 align:start position:0%
getting eaten because they have the
 

01:37:20.639 --> 01:37:22.550 align:start position:0%
getting eaten because they have the
intelligence<01:37:21.360><c> to</c><01:37:21.600><c> deal</c><01:37:21.760><c> with</c><01:37:21.920><c> their</c><01:37:22.159><c> local</c>

01:37:22.550 --> 01:37:22.560 align:start position:0%
intelligence to deal with their local
 

01:37:22.560 --> 01:37:24.229 align:start position:0%
intelligence to deal with their local
environment.

01:37:24.229 --> 01:37:24.239 align:start position:0%
environment.
 

01:37:24.239 --> 01:37:25.990 align:start position:0%
environment.
So,<01:37:24.639><c> it's</c><01:37:24.960><c> just</c><01:37:25.199><c> different.</c><01:37:25.600><c> It's</c><01:37:25.840><c> not</c>

01:37:25.990 --> 01:37:26.000 align:start position:0%
So, it's just different. It's not
 

01:37:26.000 --> 01:37:27.669 align:start position:0%
So, it's just different. It's not
better,<01:37:26.400><c> it's</c><01:37:26.560><c> not</c><01:37:26.639><c> worse,</c><01:37:26.960><c> but</c><01:37:27.119><c> there's</c><01:37:27.360><c> many</c>

01:37:27.669 --> 01:37:27.679 align:start position:0%
better, it's not worse, but there's many
 

01:37:27.679 --> 01:37:29.910 align:start position:0%
better, it's not worse, but there's many
differences<01:37:28.159><c> amongst</c><01:37:28.639><c> different</c><01:37:29.360><c> types</c><01:37:29.679><c> of</c>

01:37:29.910 --> 01:37:29.920 align:start position:0%
differences amongst different types of
 

01:37:29.920 --> 01:37:31.669 align:start position:0%
differences amongst different types of
people.<01:37:30.239><c> And</c><01:37:30.560><c> so</c><01:37:30.800><c> people</c><01:37:31.119><c> have</c><01:37:31.360><c> different</c>

01:37:31.669 --> 01:37:31.679 align:start position:0%
people. And so people have different
 

01:37:31.679 --> 01:37:33.830 align:start position:0%
people. And so people have different
intelligences<01:37:32.480><c> and</c><01:37:32.800><c> they</c><01:37:33.040><c> excel</c><01:37:33.360><c> in</c><01:37:33.600><c> some</c>

01:37:33.830 --> 01:37:33.840 align:start position:0%
intelligences and they excel in some
 

01:37:33.840 --> 01:37:37.109 align:start position:0%
intelligences and they excel in some
intelligences<01:37:34.880><c> usually</c><01:37:36.320><c> and</c><01:37:36.560><c> less</c><01:37:36.800><c> so</c><01:37:36.960><c> in</c>

01:37:37.109 --> 01:37:37.119 align:start position:0%
intelligences usually and less so in
 

01:37:37.119 --> 01:37:38.229 align:start position:0%
intelligences usually and less so in
others.

01:37:38.229 --> 01:37:38.239 align:start position:0%
others.
 

01:37:38.239 --> 01:37:40.950 align:start position:0%
others.
&gt;&gt; When<01:37:38.480><c> did</c><01:37:38.639><c> it</c><01:37:38.880><c> come</c><01:37:39.119><c> to</c><01:37:40.159><c> because</c><01:37:40.400><c> the</c><01:37:40.639><c> world</c><01:37:40.800><c> of</c>

01:37:40.950 --> 01:37:40.960 align:start position:0%
&gt;&gt; When did it come to because the world of
 

01:37:40.960 --> 01:37:44.629 align:start position:0%
&gt;&gt; When did it come to because the world of
high<01:37:41.199><c> finance</c><01:37:41.679><c> is</c><01:37:41.920><c> a</c><01:37:42.080><c> world</c><01:37:42.400><c> of</c><01:37:43.840><c> pure</c><01:37:44.159><c> reason</c>

01:37:44.629 --> 01:37:44.639 align:start position:0%
high finance is a world of pure reason
 

01:37:44.639 --> 01:37:47.350 align:start position:0%
high finance is a world of pure reason
or<01:37:45.040><c> is</c><01:37:45.199><c> it</c><01:37:45.520><c> is</c><01:37:45.760><c> it</c><01:37:45.920><c> a</c><01:37:46.080><c> lot</c><01:37:46.239><c> of</c><01:37:46.320><c> emotion</c><01:37:46.800><c> and</c><01:37:47.040><c> gut</c>

01:37:47.350 --> 01:37:47.360 align:start position:0%
or is it is it a lot of emotion and gut
 

01:37:47.360 --> 01:37:49.990 align:start position:0%
or is it is it a lot of emotion and gut
checks<01:37:47.760><c> and</c><01:37:48.000><c> and</c><01:37:48.080><c> and</c><01:37:48.960><c> you</c><01:37:49.119><c> know</c><01:37:49.440><c> on</c><01:37:49.679><c> trading</c>

01:37:49.990 --> 01:37:50.000 align:start position:0%
checks and and and you know on trading
 

01:37:50.000 --> 01:37:52.070 align:start position:0%
checks and and and you know on trading
desk<01:37:50.239><c> and</c><01:37:50.560><c> central</c><01:37:50.960><c> banks</c><01:37:51.679><c> when</c><01:37:51.840><c> these</c>

01:37:52.070 --> 01:37:52.080 align:start position:0%
desk and central banks when these
 

01:37:52.080 --> 01:37:54.229 align:start position:0%
desk and central banks when these
decisions<01:37:52.560><c> get</c><01:37:52.800><c> made?</c><01:37:53.040><c> Is</c><01:37:53.280><c> it</c><01:37:53.679><c> is</c><01:37:53.840><c> it</c><01:37:54.000><c> that</c>

01:37:54.229 --> 01:37:54.239 align:start position:0%
decisions get made? Is it is it that
 

01:37:54.239 --> 01:37:56.390 align:start position:0%
decisions get made? Is it is it that
high<01:37:54.560><c> church</c><01:37:55.280><c> like</c><01:37:55.520><c> the</c><01:37:55.679><c> high</c><01:37:55.920><c> church</c><01:37:56.239><c> of</c>

01:37:56.390 --> 01:37:56.400 align:start position:0%
high church like the high church of
 

01:37:56.400 --> 01:37:59.510 align:start position:0%
high church like the high church of
science<01:37:56.719><c> of</c><01:37:56.800><c> of</c><01:37:57.440><c> high</c><01:37:57.679><c> energy</c><01:37:58.159><c> physics</c><01:37:59.119><c> or</c><01:37:59.360><c> is</c>

01:37:59.510 --> 01:37:59.520 align:start position:0%
science of of high energy physics or is
 

01:37:59.520 --> 01:38:01.830 align:start position:0%
science of of high energy physics or is
it<01:37:59.760><c> as</c><01:38:00.000><c> much</c><01:38:00.239><c> emotion</c><01:38:00.719><c> that</c><01:38:00.880><c> comes</c><01:38:01.040><c> in</c><01:38:01.360><c> as</c><01:38:01.600><c> as</c>

01:38:01.830 --> 01:38:01.840 align:start position:0%
it as much emotion that comes in as as
 

01:38:01.840 --> 01:38:04.070 align:start position:0%
it as much emotion that comes in as as
much<01:38:02.000><c> as</c><01:38:02.159><c> the</c><01:38:02.320><c> mathematics</c><01:38:02.800><c> and</c><01:38:03.040><c> the</c><01:38:03.199><c> reason?</c>

01:38:04.070 --> 01:38:04.080 align:start position:0%
much as the mathematics and the reason?
 

01:38:04.080 --> 01:38:06.550 align:start position:0%
much as the mathematics and the reason?
&gt;&gt; It's<01:38:04.320><c> a</c><01:38:04.480><c> great</c><01:38:04.719><c> question.</c><01:38:05.840><c> I</c><01:38:06.080><c> think</c><01:38:06.239><c> if</c><01:38:06.480><c> you</c>

01:38:06.550 --> 01:38:06.560 align:start position:0%
&gt;&gt; It's a great question. I think if you
 

01:38:06.560 --> 01:38:08.950 align:start position:0%
&gt;&gt; It's a great question. I think if you
talk<01:38:06.800><c> to</c><01:38:07.040><c> really</c><01:38:07.679><c> experienced</c><01:38:08.560><c> and</c>

01:38:08.950 --> 01:38:08.960 align:start position:0%
talk to really experienced and
 

01:38:08.960 --> 01:38:12.310 align:start position:0%
talk to really experienced and
successful<01:38:09.600><c> traders</c><01:38:10.880><c> and</c><01:38:11.119><c> you</c><01:38:11.440><c> ask</c><01:38:11.679><c> them</c><01:38:11.920><c> how</c>

01:38:12.310 --> 01:38:12.320 align:start position:0%
successful traders and you ask them how
 

01:38:12.320 --> 01:38:14.470 align:start position:0%
successful traders and you ask them how
they<01:38:12.639><c> know</c><01:38:12.880><c> what's</c><01:38:13.280><c> going</c><01:38:13.440><c> on,</c><01:38:14.000><c> they</c><01:38:14.239><c> can't</c>

01:38:14.470 --> 01:38:14.480 align:start position:0%
they know what's going on, they can't
 

01:38:14.480 --> 01:38:17.189 align:start position:0%
they know what's going on, they can't
give<01:38:14.560><c> you</c><01:38:14.719><c> an</c><01:38:14.960><c> answer.</c><01:38:15.440><c> They</c><01:38:15.920><c> don't</c><01:38:16.159><c> know.</c>

01:38:17.189 --> 01:38:17.199 align:start position:0%
give you an answer. They don't know.
 

01:38:17.199 --> 01:38:19.510 align:start position:0%
give you an answer. They don't know.
They<01:38:17.600><c> feel</c><01:38:17.840><c> it.</c><01:38:18.239><c> They</c><01:38:18.480><c> can</c><01:38:18.639><c> feel</c><01:38:18.880><c> the</c><01:38:19.119><c> way</c><01:38:19.280><c> the</c>

01:38:19.510 --> 01:38:19.520 align:start position:0%
They feel it. They can feel the way the
 

01:38:19.520 --> 01:38:21.189 align:start position:0%
They feel it. They can feel the way the
market's<01:38:19.920><c> moving.</c><01:38:20.320><c> They</c><01:38:20.560><c> can</c><01:38:20.639><c> feel</c><01:38:20.880><c> the</c><01:38:21.040><c> way</c>

01:38:21.189 --> 01:38:21.199 align:start position:0%
market's moving. They can feel the way
 

01:38:21.199 --> 01:38:23.109 align:start position:0%
market's moving. They can feel the way
the<01:38:21.440><c> stock's</c><01:38:21.840><c> moving.</c><01:38:22.320><c> And</c><01:38:22.480><c> that</c><01:38:22.719><c> these</c><01:38:22.960><c> are</c>

01:38:23.109 --> 01:38:23.119 align:start position:0%
the stock's moving. And that these are
 

01:38:23.119 --> 01:38:26.550 align:start position:0%
the stock's moving. And that these are
not<01:38:23.360><c> very</c><01:38:23.679><c> well-defined</c><01:38:24.400><c> terms.</c><01:38:24.719><c> It's</c><01:38:25.040><c> not</c>

01:38:26.550 --> 01:38:26.560 align:start position:0%
not very well-defined terms. It's not
 

01:38:26.560 --> 01:38:28.149 align:start position:0%
not very well-defined terms. It's not
it's<01:38:26.800><c> difficult</c><01:38:27.119><c> to</c><01:38:27.280><c> put</c><01:38:27.440><c> in</c><01:38:27.679><c> mathematics</c>

01:38:28.149 --> 01:38:28.159 align:start position:0%
it's difficult to put in mathematics
 

01:38:28.159 --> 01:38:29.990 align:start position:0%
it's difficult to put in mathematics
terms<01:38:28.639><c> how</c><01:38:28.800><c> did</c><01:38:28.960><c> I</c><01:38:29.119><c> feel</c><01:38:29.280><c> it?</c><01:38:29.520><c> You</c><01:38:29.679><c> could</c><01:38:29.840><c> look</c>

01:38:29.990 --> 01:38:30.000 align:start position:0%
terms how did I feel it? You could look
 

01:38:30.000 --> 01:38:33.109 align:start position:0%
terms how did I feel it? You could look
back<01:38:30.159><c> and</c><01:38:30.400><c> make</c><01:38:30.639><c> guesses</c><01:38:31.119><c> what</c><01:38:31.360><c> I</c><01:38:31.520><c> was</c><01:38:31.679><c> seeing.</c>

01:38:33.109 --> 01:38:33.119 align:start position:0%
back and make guesses what I was seeing.
 

01:38:33.119 --> 01:38:35.910 align:start position:0%
back and make guesses what I was seeing.
But<01:38:33.760><c> great</c><01:38:34.000><c> traders</c><01:38:34.639><c> feel</c><01:38:34.960><c> it</c><01:38:35.119><c> and</c><01:38:35.360><c> then</c><01:38:35.600><c> act</c>

01:38:35.910 --> 01:38:35.920 align:start position:0%
But great traders feel it and then act
 

01:38:35.920 --> 01:38:38.470 align:start position:0%
But great traders feel it and then act
on<01:38:36.159><c> their</c><01:38:36.560><c> feelings.</c><01:38:37.920><c> That's</c><01:38:38.239><c> the</c>

01:38:38.470 --> 01:38:38.480 align:start position:0%
on their feelings. That's the
 

01:38:38.480 --> 01:38:41.030 align:start position:0%
on their feelings. That's the
difference.<01:38:39.199><c> Many</c><01:38:39.520><c> people</c><01:38:40.159><c> feel</c><01:38:40.400><c> it</c><01:38:40.639><c> but</c><01:38:40.880><c> are</c>

01:38:41.030 --> 01:38:41.040 align:start position:0%
difference. Many people feel it but are
 

01:38:41.040 --> 01:38:43.109 align:start position:0%
difference. Many people feel it but are
afraid<01:38:41.440><c> because</c><01:38:41.679><c> they</c><01:38:41.920><c> want</c><01:38:42.080><c> a</c><01:38:42.400><c> mathematical</c>

01:38:43.109 --> 01:38:43.119 align:start position:0%
afraid because they want a mathematical
 

01:38:43.119 --> 01:38:45.669 align:start position:0%
afraid because they want a mathematical
justification<01:38:44.239><c> before</c><01:38:44.560><c> they</c><01:38:45.040><c> take</c><01:38:45.280><c> that</c><01:38:45.440><c> next</c>

01:38:45.669 --> 01:38:45.679 align:start position:0%
justification before they take that next
 

01:38:45.679 --> 01:38:47.030 align:start position:0%
justification before they take that next
step.<01:38:45.840><c> When</c><01:38:46.000><c> you</c><01:38:46.159><c> first</c><01:38:46.320><c> got</c><01:38:46.480><c> on</c><01:38:46.639><c> the</c><01:38:46.719><c> trading</c>

01:38:47.030 --> 01:38:47.040 align:start position:0%
step. When you first got on the trading
 

01:38:47.040 --> 01:38:49.590 align:start position:0%
step. When you first got on the trading
desk<01:38:47.199><c> at</c><01:38:47.360><c> Bear</c><01:38:47.679><c> Sterns</c><01:38:48.159><c> in</c><01:38:48.320><c> the</c><01:38:48.560><c> late</c><01:38:48.800><c> '7s</c><01:38:49.280><c> or</c>

01:38:49.590 --> 01:38:49.600 align:start position:0%
desk at Bear Sterns in the late '7s or
 

01:38:49.600 --> 01:38:52.709 align:start position:0%
desk at Bear Sterns in the late '7s or
mid70s,<01:38:50.560><c> were</c><01:38:50.800><c> you</c><01:38:51.040><c> shocked</c><01:38:51.840><c> by</c><01:38:52.080><c> how</c><01:38:52.320><c> little</c>

01:38:52.709 --> 01:38:52.719 align:start position:0%
mid70s, were you shocked by how little
 

01:38:52.719 --> 01:38:54.709 align:start position:0%
mid70s, were you shocked by how little
actual<01:38:53.119><c> understanding</c><01:38:53.600><c> of</c><01:38:53.840><c> mathematics</c><01:38:54.400><c> that</c>

01:38:54.709 --> 01:38:54.719 align:start position:0%
actual understanding of mathematics that
 

01:38:54.719 --> 01:38:58.070 align:start position:0%
actual understanding of mathematics that
the<01:38:55.040><c> traders</c><01:38:56.400><c> comprehended?</c><01:38:57.520><c> Yeah.</c><01:38:57.840><c> Again,</c>

01:38:58.070 --> 01:38:58.080 align:start position:0%
the traders comprehended? Yeah. Again,
 

01:38:58.080 --> 01:38:59.910 align:start position:0%
the traders comprehended? Yeah. Again,
we<01:38:58.239><c> had</c><01:38:58.320><c> the</c><01:38:58.480><c> Texas</c><01:38:58.880><c> Instrument</c><01:38:59.360><c> calculator.</c>

01:38:59.910 --> 01:38:59.920 align:start position:0%
we had the Texas Instrument calculator.
 

01:38:59.920 --> 01:39:01.990 align:start position:0%
we had the Texas Instrument calculator.
Most<01:39:00.320><c> most</c><01:39:00.800><c> stock</c><01:39:01.119><c> brokers</c><01:39:01.440><c> in</c><01:39:01.679><c> the</c>

01:39:01.990 --> 01:39:02.000 align:start position:0%
Most most stock brokers in the
 

01:39:02.000 --> 01:39:04.629 align:start position:0%
Most most stock brokers in the
especially<01:39:02.400><c> before</c><01:39:02.719><c> 1975,</c><01:39:04.080><c> if</c><01:39:04.239><c> they</c><01:39:04.480><c> were</c>

01:39:04.629 --> 01:39:04.639 align:start position:0%
especially before 1975, if they were
 

01:39:04.639 --> 01:39:07.669 align:start position:0%
especially before 1975, if they were
good<01:39:04.880><c> stock</c><01:39:05.199><c> brokers,</c><01:39:05.679><c> could</c><01:39:05.920><c> add.</c><01:39:07.360><c> That's</c>

01:39:07.669 --> 01:39:07.679 align:start position:0%
good stock brokers, could add. That's
 

01:39:07.679 --> 01:39:09.590 align:start position:0%
good stock brokers, could add. That's
about<01:39:07.920><c> it.</c><01:39:08.320><c> They</c><01:39:08.560><c> could</c><01:39:08.719><c> multip</c><01:39:09.199><c> if</c><01:39:09.360><c> you</c><01:39:09.440><c> could</c>

01:39:09.590 --> 01:39:09.600 align:start position:0%
about it. They could multip if you could
 

01:39:09.600 --> 01:39:11.109 align:start position:0%
about it. They could multip if you could
multiply,<01:39:10.080><c> you</c><01:39:10.239><c> were</c><01:39:10.400><c> already</c><01:39:10.560><c> in</c><01:39:10.800><c> the</c><01:39:10.880><c> top</c>

01:39:11.109 --> 01:39:11.119 align:start position:0%
multiply, you were already in the top
 

01:39:11.119 --> 01:39:14.229 align:start position:0%
multiply, you were already in the top
15%<01:39:11.760><c> of</c><01:39:12.000><c> stock</c><01:39:12.239><c> brokers.</c><01:39:13.600><c> Stock</c><01:39:13.920><c> broker</c>

01:39:14.229 --> 01:39:14.239 align:start position:0%
15% of stock brokers. Stock broker
 

01:39:14.239 --> 01:39:16.390 align:start position:0%
15% of stock brokers. Stock broker
simply<01:39:14.480><c> meant</c><01:39:14.719><c> I</c><01:39:15.280><c> there's</c><01:39:15.520><c> a</c><01:39:15.679><c> great</c><01:39:16.000><c> there's</c><01:39:16.239><c> a</c>

01:39:16.390 --> 01:39:16.400 align:start position:0%
simply meant I there's a great there's a
 

01:39:16.400 --> 01:39:19.270 align:start position:0%
simply meant I there's a great there's a
story<01:39:17.199><c> when</c><01:39:17.440><c> I</c><01:39:17.600><c> went</c><01:39:17.920><c> to</c><01:39:18.159><c> the</c><01:39:18.400><c> first</c><01:39:18.800><c> person</c><01:39:19.199><c> I</c>

01:39:19.270 --> 01:39:19.280 align:start position:0%
story when I went to the first person I
 

01:39:19.280 --> 01:39:21.430 align:start position:0%
story when I went to the first person I
I<01:39:19.600><c> had</c><01:39:19.760><c> no</c><01:39:20.000><c> money</c><01:39:20.320><c> and</c><01:39:20.560><c> I</c><01:39:20.639><c> said</c><01:39:20.880><c> how</c><01:39:21.040><c> much</c><01:39:21.199><c> money</c>

01:39:21.430 --> 01:39:21.440 align:start position:0%
I had no money and I said how much money
 

01:39:21.440 --> 01:39:23.669 align:start position:0%
I had no money and I said how much money
do<01:39:21.600><c> you</c><01:39:21.760><c> make</c><01:39:21.920><c> a</c><01:39:22.159><c> year</c>

01:39:23.669 --> 01:39:23.679 align:start position:0%
do you make a year
 

01:39:23.679 --> 01:39:27.109 align:start position:0%
do you make a year
and<01:39:23.840><c> he</c><01:39:24.000><c> said</c><01:39:24.400><c> $400,000</c>

01:39:27.109 --> 01:39:27.119 align:start position:0%
and he said $400,000
 

01:39:27.119 --> 01:39:30.070 align:start position:0%
and he said $400,000
said<01:39:27.520><c> impossible</c><01:39:28.480><c> I'm</c><01:39:28.800><c> making</c><01:39:29.119><c> $10,000</c>

01:39:30.070 --> 01:39:30.080 align:start position:0%
said impossible I'm making $10,000
 

01:39:30.080 --> 01:39:31.270 align:start position:0%
said impossible I'm making $10,000
&gt;&gt; that's<01:39:30.239><c> probably</c><01:39:30.480><c> more</c><01:39:30.639><c> than</c><01:39:30.800><c> your</c><01:39:30.960><c> family</c><01:39:31.119><c> he</c>

01:39:31.270 --> 01:39:31.280 align:start position:0%
&gt;&gt; that's probably more than your family he
 

01:39:31.280 --> 01:39:33.510 align:start position:0%
&gt;&gt; that's probably more than your family he
had<01:39:31.440><c> made</c><01:39:31.520><c> in</c><01:39:31.679><c> his</c><01:39:31.840><c> entire</c><01:39:32.719><c> existence</c>

01:39:33.510 --> 01:39:33.520 align:start position:0%
had made in his entire existence
 

01:39:33.520 --> 01:39:35.430 align:start position:0%
had made in his entire existence
&gt;&gt; yes<01:39:34.080><c> and</c><01:39:34.320><c> he</c><01:39:34.480><c> makes</c><01:39:34.719><c> it</c><01:39:34.800><c> in</c><01:39:34.880><c> a</c><01:39:34.960><c> year</c><01:39:35.119><c> I</c><01:39:35.280><c> said</c>

01:39:35.430 --> 01:39:35.440 align:start position:0%
&gt;&gt; yes and he makes it in a year I said
 

01:39:35.440 --> 01:39:38.070 align:start position:0%
&gt;&gt; yes and he makes it in a year I said
what<01:39:35.600><c> do</c><01:39:35.679><c> you</c><01:39:35.920><c> do</c><01:39:37.280><c> and</c><01:39:37.360><c> he</c><01:39:37.520><c> said</c><01:39:37.679><c> it's</c><01:39:37.840><c> too</c>

01:39:38.070 --> 01:39:38.080 align:start position:0%
what do you do and he said it's too
 

01:39:38.080 --> 01:39:41.590 align:start position:0%
what do you do and he said it's too
complicated<01:39:38.639><c> for</c><01:39:38.800><c> you</c><01:39:38.960><c> to</c><01:39:39.199><c> understand</c>

01:39:41.590 --> 01:39:41.600 align:start position:0%
complicated for you to understand
 

01:39:41.600 --> 01:39:44.470 align:start position:0%
complicated for you to understand
which<01:39:41.840><c> is</c><01:39:41.920><c> what</c><01:39:42.320><c> the</c><01:39:42.960><c> main</c><01:39:43.679><c> thrust</c><01:39:44.080><c> of</c><01:39:44.239><c> Wall</c>

01:39:44.470 --> 01:39:44.480 align:start position:0%
which is what the main thrust of Wall
 

01:39:44.480 --> 01:39:45.910 align:start position:0%
which is what the main thrust of Wall
Street<01:39:44.800><c> people.</c><01:39:45.119><c> They</c><01:39:45.360><c> they</c><01:39:45.600><c> want</c><01:39:45.760><c> to</c><01:39:45.840><c> tell</c>

01:39:45.910 --> 01:39:45.920 align:start position:0%
Street people. They they want to tell
 

01:39:45.920 --> 01:39:47.990 align:start position:0%
Street people. They they want to tell
you<01:39:46.000><c> it's</c><01:39:46.239><c> too</c><01:39:46.400><c> complicated</c>

01:39:47.990 --> 01:39:48.000 align:start position:0%
you it's too complicated
 

01:39:48.000 --> 01:39:50.310 align:start position:0%
you it's too complicated
because<01:39:48.400><c> if</c><01:39:48.560><c> if</c><01:39:48.880><c> you</c><01:39:49.119><c> understood</c><01:39:49.679><c> that</c><01:39:50.000><c> that</c>

01:39:50.310 --> 01:39:50.320 align:start position:0%
because if if you understood that that
 

01:39:50.320 --> 01:39:51.590 align:start position:0%
because if if you understood that that
person<01:39:50.560><c> was</c><01:39:50.800><c> simply</c><01:39:51.119><c> he</c><01:39:51.280><c> had</c><01:39:51.440><c> a</c>

01:39:51.590 --> 01:39:51.600 align:start position:0%
person was simply he had a
 

01:39:51.600 --> 01:39:53.350 align:start position:0%
person was simply he had a
brother-in-law,<01:39:52.480><c> in</c><01:39:52.639><c> fact,</c><01:39:52.880><c> in</c><01:39:53.040><c> this</c><01:39:53.199><c> case,</c>

01:39:53.350 --> 01:39:53.360 align:start position:0%
brother-in-law, in fact, in this case,
 

01:39:53.360 --> 01:39:54.950 align:start position:0%
brother-in-law, in fact, in this case,
who<01:39:53.600><c> ran</c><01:39:53.760><c> the</c><01:39:53.920><c> pension</c><01:39:54.239><c> fund</c><01:39:54.560><c> of</c><01:39:54.639><c> General</c>

01:39:54.950 --> 01:39:54.960 align:start position:0%
who ran the pension fund of General
 

01:39:54.960 --> 01:39:56.870 align:start position:0%
who ran the pension fund of General
Motors,<01:39:55.760><c> his</c><01:39:56.000><c> brother-in-law</c><01:39:56.560><c> would</c><01:39:56.719><c> call</c>

01:39:56.870 --> 01:39:56.880 align:start position:0%
Motors, his brother-in-law would call
 

01:39:56.880 --> 01:39:59.910 align:start position:0%
Motors, his brother-in-law would call
him<01:39:56.960><c> and</c><01:39:57.119><c> say,</c><01:39:57.199><c> "Buy</c><01:39:57.679><c> a,000</c><01:39:58.159><c> IBM.</c><01:39:59.520><c> He'd</c><01:39:59.760><c> hang</c>

01:39:59.910 --> 01:39:59.920 align:start position:0%
him and say, "Buy a,000 IBM. He'd hang
 

01:39:59.920 --> 01:40:01.430 align:start position:0%
him and say, "Buy a,000 IBM. He'd hang
up<01:40:00.080><c> the</c><01:40:00.239><c> phone.</c><01:40:00.480><c> He'd</c><01:40:00.639><c> write</c><01:40:00.800><c> it</c><01:40:00.960><c> out</c><01:40:01.119><c> on</c><01:40:01.280><c> a</c>

01:40:01.430 --> 01:40:01.440 align:start position:0%
up the phone. He'd write it out on a
 

01:40:01.440 --> 01:40:04.390 align:start position:0%
up the phone. He'd write it out on a
ticket<01:40:02.239><c> and</c><01:40:02.480><c> walk</c><01:40:02.719><c> it</c><01:40:02.880><c> to</c><01:40:03.040><c> a</c><01:40:03.199><c> window."</c><01:40:04.159><c> That</c>

01:40:04.390 --> 01:40:04.400 align:start position:0%
ticket and walk it to a window." That
 

01:40:04.400 --> 01:40:07.590 align:start position:0%
ticket and walk it to a window." That
was<01:40:04.560><c> his</c><01:40:04.800><c> entire</c><01:40:05.199><c> skill</c><01:40:05.520><c> set.</c><01:40:06.400><c> Hello.</c><01:40:07.360><c> Write</c>

01:40:07.590 --> 01:40:07.600 align:start position:0%
was his entire skill set. Hello. Write
 

01:40:07.600 --> 01:40:09.430 align:start position:0%
was his entire skill set. Hello. Write
what<01:40:07.840><c> my</c><01:40:08.000><c> brother-in-law</c><01:40:08.560><c> says,</c><01:40:08.960><c> walk</c><01:40:09.199><c> it</c><01:40:09.360><c> to</c>

01:40:09.430 --> 01:40:09.440 align:start position:0%
what my brother-in-law says, walk it to
 

01:40:09.440 --> 01:40:12.229 align:start position:0%
what my brother-in-law says, walk it to
a<01:40:09.600><c> ticket</c><01:40:09.920><c> window.</c>

01:40:12.229 --> 01:40:12.239 align:start position:0%
a ticket window.
 

01:40:12.239 --> 01:40:13.510 align:start position:0%
a ticket window.
Give<01:40:12.480><c> me</c><01:40:12.560><c> an</c><01:40:12.560><c> example</c><01:40:12.880><c> when</c><01:40:13.119><c> you</c><01:40:13.199><c> were</c><01:40:13.199><c> on</c><01:40:13.360><c> the</c>

01:40:13.510 --> 01:40:13.520 align:start position:0%
Give me an example when you were on the
 

01:40:13.520 --> 01:40:15.030 align:start position:0%
Give me an example when you were on the
trading<01:40:13.760><c> desk</c><01:40:13.920><c> in</c><01:40:14.080><c> the</c><01:40:14.239><c> early</c><01:40:14.400><c> days</c><01:40:14.560><c> at</c><01:40:14.719><c> Bear</c>

01:40:15.030 --> 01:40:15.040 align:start position:0%
trading desk in the early days at Bear
 

01:40:15.040 --> 01:40:17.430 align:start position:0%
trading desk in the early days at Bear
Sterns<01:40:15.520><c> of</c><01:40:15.760><c> a</c><01:40:16.159><c> time</c><01:40:16.320><c> that</c><01:40:16.480><c> you</c><01:40:16.719><c> felt</c><01:40:16.960><c> either</c>

01:40:17.430 --> 01:40:17.440 align:start position:0%
Sterns of a time that you felt either
 

01:40:17.440 --> 01:40:19.430 align:start position:0%
Sterns of a time that you felt either
complete<01:40:17.840><c> uncertainty</c><01:40:18.400><c> or</c><01:40:18.639><c> you</c><01:40:18.880><c> saw</c><01:40:19.119><c> total</c>

01:40:19.430 --> 01:40:19.440 align:start position:0%
complete uncertainty or you saw total
 

01:40:19.440 --> 01:40:22.070 align:start position:0%
complete uncertainty or you saw total
panic<01:40:20.239><c> where</c><01:40:20.719><c> people</c><01:40:21.440><c> something</c><01:40:21.840><c> was</c>

01:40:22.070 --> 01:40:22.080 align:start position:0%
panic where people something was
 

01:40:22.080 --> 01:40:24.070 align:start position:0%
panic where people something was
happening<01:40:22.320><c> that</c><01:40:22.639><c> people</c><01:40:22.880><c> couldn't</c><01:40:23.119><c> foretell</c>

01:40:24.070 --> 01:40:24.080 align:start position:0%
happening that people couldn't foretell
 

01:40:24.080 --> 01:40:26.550 align:start position:0%
happening that people couldn't foretell
and<01:40:24.320><c> that</c><01:40:24.560><c> they</c><01:40:24.800><c> were</c><01:40:25.360><c> like</c><01:40:25.760><c> in</c><01:40:26.000><c> a</c><01:40:26.159><c> in</c><01:40:26.320><c> an</c>

01:40:26.550 --> 01:40:26.560 align:start position:0%
and that they were like in a in an
 

01:40:26.560 --> 01:40:29.350 align:start position:0%
and that they were like in a in an
airplane<01:40:26.960><c> cockpit</c><01:40:27.520><c> where</c><01:40:27.679><c> it's</c><01:40:27.920><c> going</c><01:40:28.159><c> wrong.</c>

01:40:29.350 --> 01:40:29.360 align:start position:0%
airplane cockpit where it's going wrong.
 

01:40:29.360 --> 01:40:31.750 align:start position:0%
airplane cockpit where it's going wrong.
Walk<01:40:29.600><c> us</c><01:40:29.760><c> through</c><01:40:29.920><c> that.</c>

01:40:31.750 --> 01:40:31.760 align:start position:0%
Walk us through that.
 

01:40:31.760 --> 01:40:36.229 align:start position:0%
Walk us through that.
1978<01:40:32.800><c> I</c><01:40:33.040><c> think</c><01:40:33.119><c> it</c><01:40:33.280><c> was</c><01:40:34.320><c> um</c><01:40:35.280><c> across</c><01:40:35.679><c> the</c><01:40:35.920><c> news</c>

01:40:36.229 --> 01:40:36.239 align:start position:0%
1978 I think it was um across the news
 

01:40:36.239 --> 01:40:38.709 align:start position:0%
1978 I think it was um across the news
wires<01:40:37.119><c> uh</c><01:40:37.360><c> there</c><01:40:37.600><c> had</c><01:40:37.760><c> been</c><01:40:37.920><c> a</c><01:40:38.159><c> collapse</c><01:40:38.560><c> of</c>

01:40:38.709 --> 01:40:38.719 align:start position:0%
wires uh there had been a collapse of
 

01:40:38.719 --> 01:40:42.149 align:start position:0%
wires uh there had been a collapse of
the<01:40:39.360><c> currency</c><01:40:39.760><c> in</c><01:40:40.080><c> Thailand</c>

01:40:42.149 --> 01:40:42.159 align:start position:0%
the currency in Thailand
 

01:40:42.159 --> 01:40:44.790 align:start position:0%
the currency in Thailand
on<01:40:42.400><c> the</c><01:40:42.560><c> other</c><01:40:42.719><c> side</c><01:40:42.960><c> of</c><01:40:43.119><c> the</c><01:40:43.280><c> world</c><01:40:44.159><c> had</c><01:40:44.560><c> no</c>

01:40:44.790 --> 01:40:44.800 align:start position:0%
on the other side of the world had no
 

01:40:44.800 --> 01:40:46.550 align:start position:0%
on the other side of the world had no
relationship<01:40:45.280><c> to</c><01:40:45.520><c> me.</c><01:40:45.760><c> I</c><01:40:45.920><c> wasn't</c><01:40:46.159><c> sure</c><01:40:46.320><c> where</c>

01:40:46.550 --> 01:40:46.560 align:start position:0%
relationship to me. I wasn't sure where
 

01:40:46.560 --> 01:40:49.510 align:start position:0%
relationship to me. I wasn't sure where
Thailand<01:40:47.040><c> was.</c><01:40:48.239><c> But</c><01:40:48.560><c> the</c><01:40:48.880><c> fact</c><01:40:48.960><c> that</c><01:40:49.199><c> a</c>

01:40:49.510 --> 01:40:49.520 align:start position:0%
Thailand was. But the fact that a
 

01:40:49.520 --> 01:40:52.070 align:start position:0%
Thailand was. But the fact that a
currency,<01:40:50.239><c> a</c><01:40:50.560><c> country's</c>

01:40:52.070 --> 01:40:52.080 align:start position:0%
currency, a country's
 

01:40:52.080 --> 01:40:55.109 align:start position:0%
currency, a country's
money<01:40:52.880><c> had</c><01:40:53.199><c> all</c><01:40:53.360><c> of</c><01:40:53.440><c> a</c><01:40:53.520><c> sudden</c><01:40:54.480><c> dropped</c>

01:40:55.109 --> 01:40:55.119 align:start position:0%
money had all of a sudden dropped
 

01:40:55.119 --> 01:40:58.149 align:start position:0%
money had all of a sudden dropped
tremendously<01:40:55.760><c> in</c><01:40:56.080><c> value</c><01:40:57.040><c> affected</c><01:40:57.520><c> the</c><01:40:57.920><c> rest</c>

01:40:58.149 --> 01:40:58.159 align:start position:0%
tremendously in value affected the rest
 

01:40:58.159 --> 01:41:00.709 align:start position:0%
tremendously in value affected the rest
of<01:40:58.320><c> the</c><01:40:58.480><c> world's</c><01:40:58.800><c> markets</c><01:41:00.080><c> and</c><01:41:00.400><c> people</c>

01:41:00.709 --> 01:41:00.719 align:start position:0%
of the world's markets and people
 

01:41:00.719 --> 01:41:03.990 align:start position:0%
of the world's markets and people
panicked<01:41:02.000><c> because</c><01:41:02.320><c> they</c><01:41:02.639><c> never</c><01:41:03.360><c> they</c><01:41:03.679><c> never</c>

01:41:03.990 --> 01:41:04.000 align:start position:0%
panicked because they never they never
 

01:41:04.000 --> 01:41:06.070 align:start position:0%
panicked because they never they never
seen<01:41:04.239><c> that</c><01:41:04.560><c> before.</c>

01:41:06.070 --> 01:41:06.080 align:start position:0%
seen that before.
 

01:41:06.080 --> 01:41:08.229 align:start position:0%
seen that before.
A<01:41:06.400><c> very</c><01:41:06.639><c> small</c><01:41:06.960><c> part</c><01:41:07.119><c> of</c><01:41:07.280><c> a</c><01:41:07.520><c> very</c><01:41:07.760><c> complex</c>

01:41:08.229 --> 01:41:08.239 align:start position:0%
A very small part of a very complex
 

01:41:08.239 --> 01:41:10.310 align:start position:0%
A very small part of a very complex
system<01:41:08.880><c> had</c><01:41:09.040><c> a</c><01:41:09.280><c> shock</c><01:41:09.600><c> throughout</c><01:41:09.920><c> the</c><01:41:10.159><c> whole</c>

01:41:10.310 --> 01:41:10.320 align:start position:0%
system had a shock throughout the whole
 

01:41:10.320 --> 01:41:13.270 align:start position:0%
system had a shock throughout the whole
system.<01:41:11.600><c> So</c><01:41:11.920><c> prices</c><01:41:12.320><c> on</c><01:41:12.480><c> Park</c><01:41:12.800><c> Avenue</c>

01:41:13.270 --> 01:41:13.280 align:start position:0%
system. So prices on Park Avenue
 

01:41:13.280 --> 01:41:15.270 align:start position:0%
system. So prices on Park Avenue
apartments,<01:41:14.000><c> the</c><01:41:14.239><c> bond</c><01:41:14.560><c> markets,</c><01:41:14.880><c> the</c><01:41:15.040><c> stock</c>

01:41:15.270 --> 01:41:15.280 align:start position:0%
apartments, the bond markets, the stock
 

01:41:15.280 --> 01:41:17.590 align:start position:0%
apartments, the bond markets, the stock
markets,<01:41:15.760><c> everything</c><01:41:16.080><c> started</c><01:41:16.320><c> to</c><01:41:16.480><c> gyate.</c>

01:41:17.590 --> 01:41:17.600 align:start position:0%
markets, everything started to gyate.
 

01:41:17.600 --> 01:41:19.910 align:start position:0%
markets, everything started to gyate.
You<01:41:17.760><c> know,</c><01:41:17.920><c> there's</c><01:41:18.159><c> an</c><01:41:18.320><c> old</c><01:41:18.719><c> mathemat</c>

01:41:19.910 --> 01:41:19.920 align:start position:0%
You know, there's an old mathemat
 

01:41:19.920 --> 01:41:22.149 align:start position:0%
You know, there's an old mathemat
mathematics<01:41:20.560><c> expression</c><01:41:20.960><c> that</c><01:41:21.679><c> if</c><01:41:21.920><c> a</c>

01:41:22.149 --> 01:41:22.159 align:start position:0%
mathematics expression that if a
 

01:41:22.159 --> 01:41:25.430 align:start position:0%
mathematics expression that if a
butterfly<01:41:22.719><c> wings</c><01:41:23.520><c> in</c><01:41:23.840><c> Mexico</c><01:41:24.800><c> make</c><01:41:24.960><c> the</c><01:41:25.199><c> wrong</c>

01:41:25.430 --> 01:41:25.440 align:start position:0%
butterfly wings in Mexico make the wrong
 

01:41:25.440 --> 01:41:27.510 align:start position:0%
butterfly wings in Mexico make the wrong
turn,<01:41:26.000><c> it</c><01:41:26.239><c> spins</c><01:41:26.560><c> out</c><01:41:26.800><c> and</c><01:41:27.040><c> eventually</c><01:41:27.360><c> when</c>

01:41:27.510 --> 01:41:27.520 align:start position:0%
turn, it spins out and eventually when
 

01:41:27.520 --> 01:41:29.109 align:start position:0%
turn, it spins out and eventually when
it<01:41:27.679><c> by</c><01:41:27.840><c> the</c><01:41:28.000><c> time</c><01:41:28.080><c> it</c><01:41:28.239><c> gets</c><01:41:28.400><c> to</c><01:41:28.639><c> Canada,</c><01:41:28.960><c> it</c>

01:41:29.109 --> 01:41:29.119 align:start position:0%
it by the time it gets to Canada, it
 

01:41:29.119 --> 01:41:32.149 align:start position:0%
it by the time it gets to Canada, it
turns<01:41:29.360><c> into</c><01:41:29.600><c> a</c><01:41:30.639><c> tornado.</c>

01:41:32.149 --> 01:41:32.159 align:start position:0%
turns into a tornado.
 

01:41:32.159 --> 01:41:35.189 align:start position:0%
turns into a tornado.
So<01:41:32.480><c> these</c><01:41:32.800><c> are</c><01:41:32.960><c> part</c><01:41:33.119><c> of</c><01:41:33.360><c> complex</c><01:41:33.920><c> systems.</c><01:41:34.960><c> So</c>

01:41:35.189 --> 01:41:35.199 align:start position:0%
So these are part of complex systems. So
 

01:41:35.199 --> 01:41:37.669 align:start position:0%
So these are part of complex systems. So
yeah,<01:41:35.520><c> Wall</c><01:41:35.679><c> Street</c><01:41:36.000><c> in</c><01:41:36.239><c> in</c><01:41:36.480><c> certain</c><01:41:36.960><c> parts.</c>

01:41:37.669 --> 01:41:37.679 align:start position:0%
yeah, Wall Street in in certain parts.
 

01:41:37.679 --> 01:41:39.350 align:start position:0%
yeah, Wall Street in in certain parts.
&gt;&gt; Santa<01:41:37.920><c> Fe</c><01:41:38.159><c> Institute</c><01:41:38.560><c> was</c><01:41:38.800><c> supposed</c><01:41:39.040><c> to</c>

01:41:39.350 --> 01:41:39.360 align:start position:0%
&gt;&gt; Santa Fe Institute was supposed to
 

01:41:39.360 --> 01:41:41.430 align:start position:0%
&gt;&gt; Santa Fe Institute was supposed to
actually<01:41:39.679><c> come</c><01:41:39.840><c> up</c><01:41:40.000><c> with</c><01:41:40.239><c> a</c><01:41:40.719><c> formula</c><01:41:41.119><c> for</c><01:41:41.199><c> that</c>

01:41:41.430 --> 01:41:41.440 align:start position:0%
actually come up with a formula for that
 

01:41:41.440 --> 01:41:43.750 align:start position:0%
actually come up with a formula for that
for<01:41:41.600><c> the</c><01:41:41.679><c> butterfly</c><01:41:42.080><c> wings.</c><01:41:42.480><c> Wh</c><01:41:42.719><c> why</c><01:41:43.040><c> in</c><01:41:43.360><c> 15</c>

01:41:43.750 --> 01:41:43.760 align:start position:0%
for the butterfly wings. Wh why in 15
 

01:41:43.760 --> 01:41:45.590 align:start position:0%
for the butterfly wings. Wh why in 15
years<01:41:44.239><c> did</c><01:41:44.400><c> you</c><01:41:44.639><c> reach</c><01:41:44.800><c> the</c><01:41:45.040><c> end</c><01:41:45.119><c> of</c><01:41:45.280><c> of</c><01:41:45.520><c> at</c>

01:41:45.590 --> 01:41:45.600 align:start position:0%
years did you reach the end of of at
 

01:41:45.600 --> 01:41:49.189 align:start position:0%
years did you reach the end of of at
least<01:41:45.920><c> that</c><01:41:46.159><c> experiment?</c><01:41:47.600><c> every</c><01:41:48.000><c> attempt</c><01:41:48.560><c> to</c>

01:41:49.189 --> 01:41:49.199 align:start position:0%
least that experiment? every attempt to
 

01:41:49.199 --> 01:41:51.990 align:start position:0%
least that experiment? every attempt to
my<01:41:49.360><c> that's</c><01:41:49.520><c> why</c><01:41:49.760><c> it's</c><01:41:50.000><c> so</c><01:41:50.159><c> exciting</c><01:41:50.560><c> now</c>

01:41:51.990 --> 01:41:52.000 align:start position:0%
my that's why it's so exciting now
 

01:41:52.000 --> 01:41:55.030 align:start position:0%
my that's why it's so exciting now
because<01:41:53.040><c> we</c><01:41:53.520><c> I</c><01:41:53.920><c> think</c><01:41:54.159><c> certain</c><01:41:54.480><c> people</c><01:41:54.719><c> are</c>

01:41:55.030 --> 01:41:55.040 align:start position:0%
because we I think certain people are
 

01:41:55.040 --> 01:41:58.790 align:start position:0%
because we I think certain people are
starting<01:41:55.360><c> to</c><01:41:55.520><c> realize</c><01:41:56.800><c> that</c><01:41:57.280><c> there's</c><01:41:58.320><c> so</c><01:41:58.560><c> many</c>

01:41:58.790 --> 01:41:58.800 align:start position:0%
starting to realize that there's so many
 

01:41:58.800 --> 01:42:02.310 align:start position:0%
starting to realize that there's so many
things<01:41:58.960><c> that</c><01:41:59.199><c> are</c><01:41:59.440><c> unexplainable</c>

01:42:02.310 --> 01:42:02.320 align:start position:0%
things that are unexplainable
 

01:42:02.320 --> 01:42:04.149 align:start position:0%
things that are unexplainable
that<01:42:02.800><c> that</c><01:42:03.119><c> we</c><01:42:03.280><c> have</c><01:42:03.440><c> to</c><01:42:03.600><c> think</c><01:42:03.760><c> about</c><01:42:03.920><c> them</c>

01:42:04.149 --> 01:42:04.159 align:start position:0%
that that we have to think about them
 

01:42:04.159 --> 01:42:06.950 align:start position:0%
that that we have to think about them
differently.<01:42:05.040><c> Music</c><01:42:05.360><c> is</c><01:42:05.600><c> a</c><01:42:05.760><c> great</c><01:42:06.000><c> example.</c>

01:42:06.950 --> 01:42:06.960 align:start position:0%
differently. Music is a great example.
 

01:42:06.960 --> 01:42:11.109 align:start position:0%
differently. Music is a great example.
Just<01:42:07.199><c> a</c><01:42:07.760><c> it's</c><01:42:08.000><c> a</c><01:42:08.480><c> common</c><01:42:08.960><c> man's</c><01:42:09.600><c> example.</c><01:42:10.960><c> You</c>

01:42:11.109 --> 01:42:11.119 align:start position:0%
Just a it's a common man's example. You
 

01:42:11.119 --> 01:42:12.870 align:start position:0%
Just a it's a common man's example. You
know,<01:42:11.280><c> when</c><01:42:11.520><c> you</c><01:42:11.600><c> hear</c><01:42:11.840><c> a</c><01:42:12.000><c> certain</c><01:42:12.239><c> song,</c><01:42:12.639><c> it</c>

01:42:12.870 --> 01:42:12.880 align:start position:0%
know, when you hear a certain song, it
 

01:42:12.880 --> 01:42:17.270 align:start position:0%
know, when you hear a certain song, it
makes<01:42:13.119><c> you</c><01:42:13.440><c> feel</c><01:42:13.920><c> a</c><01:42:14.239><c> certain</c><01:42:15.040><c> way.</c>

01:42:17.270 --> 01:42:17.280 align:start position:0%
makes you feel a certain way.
 

01:42:17.280 --> 01:42:20.629 align:start position:0%
makes you feel a certain way.
How<01:42:17.520><c> does</c><01:42:17.679><c> it</c><01:42:17.840><c> do</c><01:42:18.000><c> that?</c><01:42:19.440><c> We</c><01:42:19.760><c> don't</c><01:42:20.000><c> know.</c><01:42:20.400><c> We</c>

01:42:20.629 --> 01:42:20.639 align:start position:0%
How does it do that? We don't know. We
 

01:42:20.639 --> 01:42:22.709 align:start position:0%
How does it do that? We don't know. We
can't<01:42:20.880><c> mathematize</c><01:42:21.520><c> it.</c><01:42:21.920><c> And</c><01:42:22.159><c> even</c><01:42:22.400><c> that</c>

01:42:22.709 --> 01:42:22.719 align:start position:0%
can't mathematize it. And even that
 

01:42:22.719 --> 01:42:25.830 align:start position:0%
can't mathematize it. And even that
music,<01:42:23.360><c> Steve,</c><01:42:24.639><c> nowadays,</c><01:42:25.119><c> we</c><01:42:25.360><c> compress</c>

01:42:25.830 --> 01:42:25.840 align:start position:0%
music, Steve, nowadays, we compress
 

01:42:25.840 --> 01:42:28.790 align:start position:0%
music, Steve, nowadays, we compress
music.<01:42:26.400><c> When</c><01:42:26.639><c> you</c><01:42:26.800><c> have</c><01:42:26.880><c> a</c><01:42:27.119><c> violin,</c><01:42:28.480><c> it's</c>

01:42:28.790 --> 01:42:28.800 align:start position:0%
music. When you have a violin, it's
 

01:42:28.800 --> 01:42:31.910 align:start position:0%
music. When you have a violin, it's
compressed<01:42:29.280><c> onto</c><01:42:29.600><c> your</c><01:42:30.400><c> iPhone.</c>

01:42:31.910 --> 01:42:31.920 align:start position:0%
compressed onto your iPhone.
 

01:42:31.920 --> 01:42:33.750 align:start position:0%
compressed onto your iPhone.
So,<01:42:32.159><c> what</c><01:42:32.320><c> does</c><01:42:32.480><c> compression</c><01:42:32.960><c> mean?</c><01:42:33.360><c> taking</c>

01:42:33.750 --> 01:42:33.760 align:start position:0%
So, what does compression mean? taking
 

01:42:33.760 --> 01:42:36.070 align:start position:0%
So, what does compression mean? taking
lots<01:42:34.080><c> of</c><01:42:34.320><c> information</c><01:42:34.719><c> and</c><01:42:35.040><c> I'm</c><01:42:35.679><c> cutting</c><01:42:35.920><c> it</c>

01:42:36.070 --> 01:42:36.080 align:start position:0%
lots of information and I'm cutting it
 

01:42:36.080 --> 01:42:38.390 align:start position:0%
lots of information and I'm cutting it
into<01:42:36.400><c> lots</c><01:42:36.639><c> of</c><01:42:36.800><c> pieces</c><01:42:37.440><c> and</c><01:42:37.760><c> squishing</c><01:42:38.239><c> it</c>

01:42:38.390 --> 01:42:38.400 align:start position:0%
into lots of pieces and squishing it
 

01:42:38.400 --> 01:42:40.950 align:start position:0%
into lots of pieces and squishing it
together.<01:42:39.679><c> And</c><01:42:39.840><c> when</c><01:42:40.000><c> I</c><01:42:40.239><c> squish</c><01:42:40.560><c> it</c><01:42:40.719><c> or</c>

01:42:40.950 --> 01:42:40.960 align:start position:0%
together. And when I squish it or
 

01:42:40.960 --> 01:42:43.910 align:start position:0%
together. And when I squish it or
compress<01:42:41.360><c> it,</c><01:42:42.400><c> I</c><01:42:42.639><c> have</c><01:42:42.800><c> to</c><01:42:42.960><c> take</c><01:42:43.199><c> out</c><01:42:43.440><c> lots</c><01:42:43.679><c> of</c>

01:42:43.910 --> 01:42:43.920 align:start position:0%
compress it, I have to take out lots of
 

01:42:43.920 --> 01:42:46.870 align:start position:0%
compress it, I have to take out lots of
pieces.<01:42:44.480><c> But</c><01:42:44.639><c> I</c><01:42:45.040><c> say</c><01:42:45.199><c> that</c><01:42:46.080><c> they're</c><01:42:46.400><c> not</c><01:42:46.560><c> very</c>

01:42:46.870 --> 01:42:46.880 align:start position:0%
pieces. But I say that they're not very
 

01:42:46.880 --> 01:42:49.350 align:start position:0%
pieces. But I say that they're not very
important<01:42:47.280><c> pieces.</c>

01:42:49.350 --> 01:42:49.360 align:start position:0%
important pieces.
 

01:42:49.360 --> 01:42:52.390 align:start position:0%
important pieces.
It's<01:42:49.679><c> those</c><01:42:50.080><c> pieces</c><01:42:50.480><c> that</c><01:42:50.719><c> we</c><01:42:50.960><c> take</c><01:42:51.199><c> out</c><01:42:52.159><c> when</c>

01:42:52.390 --> 01:42:52.400 align:start position:0%
It's those pieces that we take out when
 

01:42:52.400 --> 01:42:56.310 align:start position:0%
It's those pieces that we take out when
we<01:42:52.639><c> compress</c><01:42:53.600><c> data</c><01:42:54.880><c> to</c><01:42:55.119><c> me</c><01:42:55.679><c> are</c><01:42:55.920><c> the</c><01:42:56.080><c> most</c>

01:42:56.310 --> 01:42:56.320 align:start position:0%
we compress data to me are the most
 

01:42:56.320 --> 01:42:58.790 align:start position:0%
we compress data to me are the most
interesting<01:42:56.719><c> parts</c><01:42:56.960><c> of</c><01:42:57.199><c> life.</c><01:42:58.239><c> You</c><01:42:58.480><c> just</c><01:42:58.639><c> said</c>

01:42:58.790 --> 01:42:58.800 align:start position:0%
interesting parts of life. You just said
 

01:42:58.800 --> 01:43:00.790 align:start position:0%
interesting parts of life. You just said
a<01:42:58.960><c> while</c><01:42:59.119><c> ago</c><01:42:59.600><c> part</c><01:42:59.840><c> of</c><01:42:59.920><c> this</c><01:43:00.159><c> new</c><01:43:00.320><c> search</c><01:43:00.560><c> for</c>

01:43:00.790 --> 01:43:00.800 align:start position:0%
a while ago part of this new search for
 

01:43:00.800 --> 01:43:03.030 align:start position:0%
a while ago part of this new search for
science<01:43:01.199><c> may</c><01:43:01.440><c> have</c><01:43:01.600><c> may</c><01:43:01.840><c> go</c><01:43:02.080><c> back</c><01:43:02.239><c> to</c><01:43:02.639><c> when</c>

01:43:03.030 --> 01:43:03.040 align:start position:0%
science may have may go back to when
 

01:43:03.040 --> 01:43:04.310 align:start position:0%
science may have may go back to when
people<01:43:03.360><c> were</c><01:43:03.520><c> actually</c><01:43:03.760><c> talking</c><01:43:04.000><c> about</c><01:43:04.080><c> a</c>

01:43:04.310 --> 01:43:04.320 align:start position:0%
people were actually talking about a
 

01:43:04.320 --> 01:43:05.910 align:start position:0%
people were actually talking about a
soul<01:43:04.480><c> and</c><01:43:04.639><c> you</c><01:43:04.800><c> said</c><01:43:04.960><c> there</c><01:43:05.280><c> no</c><01:43:05.440><c> doubt</c><01:43:05.679><c> in</c><01:43:05.760><c> your</c>

01:43:05.910 --> 01:43:05.920 align:start position:0%
soul and you said there no doubt in your
 

01:43:05.920 --> 01:43:08.149 align:start position:0%
soul and you said there no doubt in your
mind<01:43:06.000><c> that</c><01:43:06.239><c> there</c><01:43:06.400><c> is</c><01:43:06.480><c> a</c><01:43:06.639><c> soul.</c><01:43:07.520><c> Describe</c><01:43:08.000><c> for</c>

01:43:08.149 --> 01:43:08.159 align:start position:0%
mind that there is a soul. Describe for
 

01:43:08.159 --> 01:43:09.510 align:start position:0%
mind that there is a soul. Describe for
me<01:43:08.320><c> what</c><01:43:08.480><c> you</c><01:43:08.639><c> mean</c><01:43:08.800><c> by</c><01:43:08.880><c> that.</c><01:43:09.199><c> What</c><01:43:09.280><c> do</c><01:43:09.440><c> you</c>

01:43:09.510 --> 01:43:09.520 align:start position:0%
me what you mean by that. What do you
 

01:43:09.520 --> 01:43:11.669 align:start position:0%
me what you mean by that. What do you
mean<01:43:09.679><c> by</c><01:43:09.840><c> soul?</c><01:43:10.239><c> What</c><01:43:10.400><c> do</c><01:43:10.480><c> you</c><01:43:10.560><c> mean</c><01:43:11.280><c> soul</c>

01:43:11.669 --> 01:43:11.679 align:start position:0%
mean by soul? What do you mean soul
 

01:43:11.679 --> 01:43:14.149 align:start position:0%
mean by soul? What do you mean soul
different<01:43:11.920><c> than</c><01:43:12.159><c> the</c><01:43:12.880><c> physical</c><01:43:13.360><c> analog</c><01:43:13.840><c> body</c>

01:43:14.149 --> 01:43:14.159 align:start position:0%
different than the physical analog body
 

01:43:14.159 --> 01:43:15.669 align:start position:0%
different than the physical analog body
that<01:43:14.480><c> we're</c><01:43:14.639><c> we're</c><01:43:14.960><c> seeing</c><01:43:15.119><c> on</c><01:43:15.280><c> film</c><01:43:15.520><c> right</c>

01:43:15.669 --> 01:43:15.679 align:start position:0%
that we're we're seeing on film right
 

01:43:15.679 --> 01:43:16.390 align:start position:0%
that we're we're seeing on film right
now.

01:43:16.390 --> 01:43:16.400 align:start position:0%
now.
 

01:43:16.400 --> 01:43:18.310 align:start position:0%
now.
&gt;&gt; It's<01:43:16.560><c> it's</c><01:43:16.639><c> it's</c><01:43:17.119><c> difficult</c><01:43:17.440><c> to</c><01:43:17.679><c> describe</c><01:43:18.080><c> in</c>

01:43:18.310 --> 01:43:18.320 align:start position:0%
&gt;&gt; It's it's it's difficult to describe in
 

01:43:18.320 --> 01:43:20.229 align:start position:0%
&gt;&gt; It's it's it's difficult to describe in
words.<01:43:18.639><c> I</c><01:43:18.800><c> mean</c><01:43:18.960><c> I</c><01:43:19.119><c> I'm</c><01:43:19.360><c> not</c><01:43:19.440><c> a</c><01:43:19.679><c> I'm</c><01:43:19.920><c> not</c><01:43:20.080><c> a</c>

01:43:20.229 --> 01:43:20.239 align:start position:0%
words. I mean I I'm not a I'm not a
 

01:43:20.239 --> 01:43:22.870 align:start position:0%
words. I mean I I'm not a I'm not a
poet.<01:43:20.960><c> Poems</c><01:43:21.679><c> get</c><01:43:21.840><c> a</c><01:43:22.080><c> little</c><01:43:22.239><c> closer</c><01:43:22.480><c> to</c><01:43:22.639><c> what</c>

01:43:22.870 --> 01:43:22.880 align:start position:0%
poet. Poems get a little closer to what
 

01:43:22.880 --> 01:43:25.990 align:start position:0%
poet. Poems get a little closer to what
that<01:43:23.119><c> really</c><01:43:23.440><c> means.</c><01:43:24.320><c> But</c><01:43:24.560><c> we</c><01:43:24.800><c> can</c><01:43:25.520><c> even</c><01:43:25.760><c> the</c>

01:43:25.990 --> 01:43:26.000 align:start position:0%
that really means. But we can even the
 

01:43:26.000 --> 01:43:28.070 align:start position:0%
that really means. But we can even the
concept<01:43:26.320><c> of</c><01:43:26.560><c> what</c><01:43:26.719><c> is</c><01:43:26.960><c> life</c><01:43:27.520><c> becomes</c>

01:43:28.070 --> 01:43:28.080 align:start position:0%
concept of what is life becomes
 

01:43:28.080 --> 01:43:30.550 align:start position:0%
concept of what is life becomes
complicated<01:43:29.360><c> when</c><01:43:29.600><c> you</c><01:43:29.840><c> deal</c><01:43:30.000><c> with</c><01:43:30.239><c> plants</c>

01:43:30.550 --> 01:43:30.560 align:start position:0%
complicated when you deal with plants
 

01:43:30.560 --> 01:43:34.550 align:start position:0%
complicated when you deal with plants
and<01:43:30.880><c> seeds.</c><01:43:32.320><c> Is</c><01:43:32.480><c> a</c><01:43:32.719><c> seed</c><01:43:33.040><c> alive?</c><01:43:34.159><c> I</c><01:43:34.400><c> don't</c>

01:43:34.550 --> 01:43:34.560 align:start position:0%
and seeds. Is a seed alive? I don't
 

01:43:34.560 --> 01:43:36.790 align:start position:0%
and seeds. Is a seed alive? I don't
know.<01:43:35.440><c> Certain</c><01:43:35.840><c> people</c><01:43:36.000><c> would</c><01:43:36.159><c> say</c><01:43:36.320><c> no,</c><01:43:36.560><c> it's</c>

01:43:36.790 --> 01:43:36.800 align:start position:0%
know. Certain people would say no, it's
 

01:43:36.800 --> 01:43:39.750 align:start position:0%
know. Certain people would say no, it's
dead.<01:43:37.360><c> When</c><01:43:37.520><c> when</c><01:43:37.840><c> you're</c><01:43:37.920><c> a</c><01:43:38.080><c> banana,</c><01:43:39.360><c> my</c><01:43:39.600><c> one</c>

01:43:39.750 --> 01:43:39.760 align:start position:0%
dead. When when you're a banana, my one
 

01:43:39.760 --> 01:43:41.910 align:start position:0%
dead. When when you're a banana, my one
of<01:43:39.840><c> my</c><01:43:40.000><c> favorite</c><01:43:40.239><c> examples</c><01:43:40.960><c> is</c><01:43:41.280><c> the</c><01:43:41.520><c> banana</c>

01:43:41.910 --> 01:43:41.920 align:start position:0%
of my favorite examples is the banana
 

01:43:41.920 --> 01:43:43.590 align:start position:0%
of my favorite examples is the banana
that's<01:43:42.159><c> sitting</c><01:43:42.400><c> on</c><01:43:42.560><c> the</c><01:43:42.719><c> countertop</c><01:43:43.199><c> in</c><01:43:43.360><c> your</c>

01:43:43.590 --> 01:43:43.600 align:start position:0%
that's sitting on the countertop in your
 

01:43:43.600 --> 01:43:45.590 align:start position:0%
that's sitting on the countertop in your
kitchen<01:43:43.840><c> today.</c><01:43:44.400><c> Is</c><01:43:44.560><c> it</c><01:43:44.800><c> alive</c><01:43:45.040><c> or</c><01:43:45.280><c> dead?</c>

01:43:45.590 --> 01:43:45.600 align:start position:0%
kitchen today. Is it alive or dead?
 

01:43:45.600 --> 01:43:46.950 align:start position:0%
kitchen today. Is it alive or dead?
&gt;&gt; What<01:43:45.760><c> do</c><01:43:45.840><c> you</c><01:43:45.920><c> think</c><01:43:46.080><c> about</c><01:43:46.239><c> human</c><01:43:46.560><c> life?</c><01:43:46.800><c> When</c>

01:43:46.950 --> 01:43:46.960 align:start position:0%
&gt;&gt; What do you think about human life? When
 

01:43:46.960 --> 01:43:48.390 align:start position:0%
&gt;&gt; What do you think about human life? When
is<01:43:47.199><c> what</c><01:43:47.360><c> what</c><01:43:47.600><c> is</c><01:43:47.679><c> human?</c><01:43:47.920><c> Tell</c><01:43:48.080><c> me</c><01:43:48.239><c> about</c>

01:43:48.390 --> 01:43:48.400 align:start position:0%
is what what is human? Tell me about
 

01:43:48.400 --> 01:43:48.870 align:start position:0%
is what what is human? Tell me about
human<01:43:48.560><c> life.</c>

01:43:48.870 --> 01:43:48.880 align:start position:0%
human life.
 

01:43:48.880 --> 01:43:51.270 align:start position:0%
human life.
&gt;&gt; But<01:43:49.040><c> your</c><01:43:49.199><c> banana</c><01:43:49.600><c> is</c><01:43:49.840><c> alive.</c><01:43:50.560><c> That</c><01:43:50.719><c> banana</c><01:43:51.119><c> is</c>

01:43:51.270 --> 01:43:51.280 align:start position:0%
&gt;&gt; But your banana is alive. That banana is
 

01:43:51.280 --> 01:43:53.510 align:start position:0%
&gt;&gt; But your banana is alive. That banana is
breathing.<01:43:52.000><c> It's</c><01:43:52.320><c> on</c><01:43:52.480><c> your</c><01:43:52.800><c> you</c><01:43:52.960><c> say</c><01:43:53.280><c> it's</c>

01:43:53.510 --> 01:43:53.520 align:start position:0%
breathing. It's on your you say it's
 

01:43:53.520 --> 01:43:55.590 align:start position:0%
breathing. It's on your you say it's
impossible<01:43:54.000><c> Jeffrey.</c><01:43:54.800><c> No.</c><01:43:55.360><c> Is</c>

01:43:55.590 --> 01:43:55.600 align:start position:0%
impossible Jeffrey. No. Is
 

01:43:55.600 --> 01:43:57.669 align:start position:0%
impossible Jeffrey. No. Is
&gt;&gt; is<01:43:55.760><c> the</c><01:43:55.920><c> banana</c><01:43:56.320><c> conscious?</c>

01:43:57.669 --> 01:43:57.679 align:start position:0%
&gt;&gt; is the banana conscious?
 

01:43:57.679 --> 01:44:00.709 align:start position:0%
&gt;&gt; is the banana conscious?
&gt;&gt; Um<01:43:58.480><c> all</c><01:43:58.719><c> these</c><01:43:59.040><c> word</c><01:43:59.280><c> these</c><01:43:59.520><c> are</c><01:43:59.679><c> words.</c><01:44:00.480><c> So</c>

01:44:00.709 --> 01:44:00.719 align:start position:0%
&gt;&gt; Um all these word these are words. So
 

01:44:00.719 --> 01:44:02.870 align:start position:0%
&gt;&gt; Um all these word these are words. So
you're<01:44:01.199><c> everyone's</c><01:44:01.679><c> trying</c><01:44:01.920><c> to</c><01:44:02.080><c> fit</c><01:44:02.320><c> a</c><01:44:02.560><c> very</c>

01:44:02.870 --> 01:44:02.880 align:start position:0%
you're everyone's trying to fit a very
 

01:44:02.880 --> 01:44:05.030 align:start position:0%
you're everyone's trying to fit a very
complicated<01:44:03.440><c> concepts</c><01:44:03.840><c> into</c><01:44:04.159><c> a</c><01:44:04.320><c> very</c><01:44:04.639><c> small</c>

01:44:05.030 --> 01:44:05.040 align:start position:0%
complicated concepts into a very small
 

01:44:05.040 --> 01:44:09.350 align:start position:0%
complicated concepts into a very small
box<01:44:06.239><c> called</c><01:44:06.560><c> cons</c><01:44:07.119><c> conscious</c><01:44:07.600><c> or</c><01:44:08.080><c> alive.</c><01:44:08.880><c> It's</c>

01:44:09.350 --> 01:44:09.360 align:start position:0%
box called cons conscious or alive. It's
 

01:44:09.360 --> 01:44:11.830 align:start position:0%
box called cons conscious or alive. It's
these<01:44:09.679><c> don't</c><01:44:10.000><c> fit</c><01:44:10.239><c> in</c><01:44:10.480><c> that</c><01:44:10.719><c> way.</c><01:44:11.280><c> So</c><01:44:11.520><c> if</c><01:44:11.679><c> you</c>

01:44:11.830 --> 01:44:11.840 align:start position:0%
these don't fit in that way. So if you
 

01:44:11.840 --> 01:44:14.470 align:start position:0%
these don't fit in that way. So if you
put<01:44:12.000><c> your</c><01:44:12.159><c> banana</c><01:44:12.560><c> in</c><01:44:12.719><c> a</c><01:44:12.880><c> bag</c><01:44:13.679><c> and</c><01:44:14.000><c> put</c><01:44:14.159><c> another</c>

01:44:14.470 --> 01:44:14.480 align:start position:0%
put your banana in a bag and put another
 

01:44:14.480 --> 01:44:17.030 align:start position:0%
put your banana in a bag and put another
fruit<01:44:14.719><c> in</c><01:44:14.960><c> with</c><01:44:15.119><c> it,</c><01:44:16.080><c> the</c><01:44:16.320><c> fruit</c><01:44:16.560><c> ripens</c>

01:44:17.030 --> 01:44:17.040 align:start position:0%
fruit in with it, the fruit ripens
 

01:44:17.040 --> 01:44:19.109 align:start position:0%
fruit in with it, the fruit ripens
faster<01:44:17.360><c> because</c><01:44:17.600><c> the</c><01:44:17.760><c> banana</c><01:44:18.159><c> breathes</c><01:44:18.800><c> with</c>

01:44:19.109 --> 01:44:19.119 align:start position:0%
faster because the banana breathes with
 

01:44:19.119 --> 01:44:22.229 align:start position:0%
faster because the banana breathes with
it.<01:44:20.080><c> That's</c><01:44:20.400><c> how</c><01:44:20.880><c> we</c><01:44:21.199><c> don't</c><01:44:21.360><c> understand</c><01:44:21.920><c> most</c>

01:44:22.229 --> 01:44:22.239 align:start position:0%
it. That's how we don't understand most
 

01:44:22.239 --> 01:44:24.310 align:start position:0%
it. That's how we don't understand most
of<01:44:22.400><c> those</c><01:44:22.639><c> things.</c><01:44:23.199><c> So</c><01:44:23.360><c> you</c><01:44:23.520><c> asked</c><01:44:23.679><c> the</c>

01:44:24.310 --> 01:44:24.320 align:start position:0%
of those things. So you asked the
 

01:44:24.320 --> 01:44:25.030 align:start position:0%
of those things. So you asked the
question

01:44:25.030 --> 01:44:25.040 align:start position:0%
question
 

01:44:25.040 --> 01:44:26.709 align:start position:0%
question
&gt;&gt; you<01:44:25.199><c> talk</c><01:44:25.360><c> about</c><01:44:25.520><c> the</c><01:44:25.679><c> life.</c><01:44:26.239><c> What</c><01:44:26.480><c> about</c>

01:44:26.709 --> 01:44:26.719 align:start position:0%
&gt;&gt; you talk about the life. What about
 

01:44:26.719 --> 01:44:27.750 align:start position:0%
&gt;&gt; you talk about the life. What about
human<01:44:26.960><c> life?</c>

01:44:27.750 --> 01:44:27.760 align:start position:0%
human life?
 

01:44:27.760 --> 01:44:29.109 align:start position:0%
human life?
&gt;&gt; What<01:44:27.920><c> about</c><01:44:28.080><c> it?</c>

01:44:29.109 --> 01:44:29.119 align:start position:0%
&gt;&gt; What about it?
 

01:44:29.119 --> 01:44:30.470 align:start position:0%
&gt;&gt; What about it?
&gt;&gt; Tell<01:44:29.280><c> me</c><01:44:29.440><c> what</c><01:44:29.679><c> what</c><01:44:29.840><c> do</c><01:44:29.920><c> you</c><01:44:30.000><c> think?</c><01:44:30.159><c> What</c><01:44:30.400><c> do</c>

01:44:30.470 --> 01:44:30.480 align:start position:0%
&gt;&gt; Tell me what what do you think? What do
 

01:44:30.480 --> 01:44:32.149 align:start position:0%
&gt;&gt; Tell me what what do you think? What do
you<01:44:30.560><c> think</c><01:44:30.719><c> human</c><01:44:31.040><c> life</c><01:44:31.280><c> is?</c>

01:44:32.149 --> 01:44:32.159 align:start position:0%
you think human life is?
 

01:44:32.159 --> 01:44:35.109 align:start position:0%
you think human life is?
&gt;&gt; It's<01:44:32.400><c> a</c><01:44:32.560><c> miracle.</c><01:44:33.440><c> We</c><01:44:34.000><c> It's</c><01:44:34.320><c> a</c><01:44:34.480><c> miracle.</c><01:44:34.960><c> And</c>

01:44:35.109 --> 01:44:35.119 align:start position:0%
&gt;&gt; It's a miracle. We It's a miracle. And
 

01:44:35.119 --> 01:44:37.350 align:start position:0%
&gt;&gt; It's a miracle. We It's a miracle. And
when<01:44:35.280><c> I</c><01:44:35.440><c> say</c><01:44:35.600><c> miracle,</c><01:44:36.239><c> I</c><01:44:36.560><c> can't</c><01:44:36.880><c> I</c><01:44:37.199><c> can't</c>

01:44:37.350 --> 01:44:37.360 align:start position:0%
when I say miracle, I can't I can't
 

01:44:37.360 --> 01:44:39.590 align:start position:0%
when I say miracle, I can't I can't
explain<01:44:37.679><c> it</c><01:44:37.840><c> and</c><01:44:38.000><c> I</c><01:44:38.159><c> make</c><01:44:38.320><c> no</c><01:44:38.960><c> attempt</c><01:44:39.360><c> to</c>

01:44:39.590 --> 01:44:39.600 align:start position:0%
explain it and I make no attempt to
 

01:44:39.600 --> 01:44:41.430 align:start position:0%
explain it and I make no attempt to
explain<01:44:39.840><c> it</c><01:44:40.000><c> at</c><01:44:40.239><c> the</c><01:44:40.320><c> moment.</c><01:44:40.800><c> This</c><01:44:41.040><c> we</c><01:44:41.280><c> don't</c>

01:44:41.430 --> 01:44:41.440 align:start position:0%
explain it at the moment. This we don't
 

01:44:41.440 --> 01:44:44.070 align:start position:0%
explain it at the moment. This we don't
know<01:44:41.600><c> how</c><01:44:41.760><c> to</c><01:44:41.920><c> think</c><01:44:42.080><c> about</c><01:44:42.239><c> it.</c><01:44:42.880><c> And</c><01:44:43.119><c> anyone</c>

01:44:44.070 --> 01:44:44.080 align:start position:0%
know how to think about it. And anyone
 

01:44:44.080 --> 01:44:45.669 align:start position:0%
know how to think about it. And anyone
is<01:44:44.239><c> again</c><01:44:44.560><c> another</c><01:44:44.800><c> one</c><01:44:44.960><c> of</c><01:44:45.040><c> the</c><01:44:45.199><c> Fineman</c>

01:44:45.669 --> 01:44:45.679 align:start position:0%
is again another one of the Fineman
 

01:44:45.679 --> 01:44:47.189 align:start position:0%
is again another one of the Fineman
quotes<01:44:45.920><c> when</c><01:44:46.080><c> he</c><01:44:46.239><c> was</c><01:44:46.400><c> talking</c><01:44:46.560><c> about</c><01:44:46.800><c> quantum</c>

01:44:47.189 --> 01:44:47.199 align:start position:0%
quotes when he was talking about quantum
 

01:44:47.199 --> 01:44:51.030 align:start position:0%
quotes when he was talking about quantum
physics.<01:44:47.920><c> He</c><01:44:48.159><c> said,</c><01:44:48.239><c> "Anyone,</c><01:44:49.040><c> Jeffrey,</c><01:44:49.440><c> who</c>

01:44:51.030 --> 01:44:51.040 align:start position:0%
physics. He said, "Anyone, Jeffrey, who
 

01:44:51.040 --> 01:44:53.350 align:start position:0%
physics. He said, "Anyone, Jeffrey, who
says<01:44:51.280><c> they</c><01:44:51.520><c> understand</c><01:44:51.920><c> quantum</c><01:44:52.400><c> physics</c><01:44:52.960><c> and</c>

01:44:53.350 --> 01:44:53.360 align:start position:0%
says they understand quantum physics and
 

01:44:53.360 --> 01:44:56.870 align:start position:0%
says they understand quantum physics and
quantum<01:44:54.080><c> mechanics</c><01:44:54.560><c> and</c><01:44:54.880><c> quantum</c><01:44:55.280><c> behavior,</c>

01:44:56.870 --> 01:44:56.880 align:start position:0%
quantum mechanics and quantum behavior,
 

01:44:56.880 --> 01:44:58.149 align:start position:0%
quantum mechanics and quantum behavior,
you<01:44:57.040><c> know,</c><01:44:57.199><c> they're</c><01:44:57.440><c> lying."</c><01:44:57.840><c> Let's</c><01:44:58.080><c> talk</c>

01:44:58.149 --> 01:44:58.159 align:start position:0%
you know, they're lying." Let's talk
 

01:44:58.159 --> 01:45:00.149 align:start position:0%
you know, they're lying." Let's talk
about<01:44:58.320><c> it.</c><01:44:58.480><c> That's</c><01:44:58.800><c> post</c><01:44:59.280><c> Newtonian.</c><01:44:59.920><c> Talk</c>

01:45:00.149 --> 01:45:00.159 align:start position:0%
about it. That's post Newtonian. Talk
 

01:45:00.159 --> 01:45:02.390 align:start position:0%
about it. That's post Newtonian. Talk
talk<01:45:00.400><c> about</c><01:45:01.119><c> what's</c><01:45:01.360><c> the</c><01:45:01.600><c> difference.</c><01:45:02.159><c> Who</c>

01:45:02.390 --> 01:45:02.400 align:start position:0%
talk about what's the difference. Who
 

01:45:02.400 --> 01:45:04.310 align:start position:0%
talk about what's the difference. Who
founded<01:45:02.800><c> quantum</c><01:45:03.119><c> mechanics?</c><01:45:03.760><c> Why</c><01:45:03.920><c> is</c>

01:45:04.310 --> 01:45:04.320 align:start position:0%
founded quantum mechanics? Why is
 

01:45:04.320 --> 01:45:06.550 align:start position:0%
founded quantum mechanics? Why is
quantum<01:45:04.639><c> mechanics</c><01:45:05.600><c> taking</c><01:45:05.920><c> Newtonian</c>

01:45:06.550 --> 01:45:06.560 align:start position:0%
quantum mechanics taking Newtonian
 

01:45:06.560 --> 01:45:09.109 align:start position:0%
quantum mechanics taking Newtonian
physics<01:45:06.880><c> and</c><01:45:07.119><c> taking</c><01:45:07.280><c> it</c><01:45:07.440><c> to</c><01:45:07.600><c> the</c><01:45:07.679><c> next</c><01:45:07.920><c> level?</c>

01:45:09.109 --> 01:45:09.119 align:start position:0%
physics and taking it to the next level?
 

01:45:09.119 --> 01:45:11.910 align:start position:0%
physics and taking it to the next level?
&gt;&gt; It<01:45:09.360><c> it's</c><01:45:09.679><c> forms</c><01:45:10.080><c> a</c><01:45:10.320><c> much</c><01:45:10.480><c> broader</c><01:45:10.880><c> category.</c>

01:45:11.910 --> 01:45:11.920 align:start position:0%
&gt;&gt; It it's forms a much broader category.
 

01:45:11.920 --> 01:45:13.910 align:start position:0%
&gt;&gt; It it's forms a much broader category.
&gt;&gt; Let's<01:45:12.159><c> go</c><01:45:12.320><c> back</c><01:45:12.480><c> to</c><01:45:12.639><c> this</c><01:45:12.800><c> desk.</c><01:45:13.119><c> You</c><01:45:13.280><c> you</c><01:45:13.760><c> use</c>

01:45:13.910 --> 01:45:13.920 align:start position:0%
&gt;&gt; Let's go back to this desk. You you use
 

01:45:13.920 --> 01:45:16.149 align:start position:0%
&gt;&gt; Let's go back to this desk. You you use
the<01:45:14.239><c> thing</c><01:45:14.400><c> of</c><01:45:14.639><c> Newton</c><01:45:15.040><c> using</c><01:45:15.280><c> this</c><01:45:15.520><c> desk.</c>

01:45:16.149 --> 01:45:16.159 align:start position:0%
the thing of Newton using this desk.
 

01:45:16.159 --> 01:45:19.430 align:start position:0%
the thing of Newton using this desk.
What<01:45:16.400><c> is</c><01:45:16.719><c> sub?</c><01:45:17.360><c> Why</c><01:45:17.679><c> can't</c><01:45:18.400><c> Newton's</c><01:45:18.960><c> theory</c>

01:45:19.430 --> 01:45:19.440 align:start position:0%
What is sub? Why can't Newton's theory
 

01:45:19.440 --> 01:45:21.669 align:start position:0%
What is sub? Why can't Newton's theory
explain<01:45:19.840><c> everything?</c><01:45:20.239><c> Why</c><01:45:20.400><c> did</c><01:45:20.560><c> subatomic</c>

01:45:21.669 --> 01:45:21.679 align:start position:0%
explain everything? Why did subatomic
 

01:45:21.679 --> 01:45:23.669 align:start position:0%
explain everything? Why did subatomic
quantum<01:45:22.080><c> mechanics</c><01:45:22.560><c> or</c><01:45:22.800><c> quantum</c><01:45:23.199><c> physics</c>

01:45:23.669 --> 01:45:23.679 align:start position:0%
quantum mechanics or quantum physics
 

01:45:23.679 --> 01:45:26.470 align:start position:0%
quantum mechanics or quantum physics
have<01:45:23.840><c> to</c><01:45:23.920><c> come</c><01:45:24.080><c> into</c><01:45:24.400><c> explain</c><01:45:24.960><c> explain</c><01:45:25.360><c> this?</c>

01:45:26.470 --> 01:45:26.480 align:start position:0%
have to come into explain explain this?
 

01:45:26.480 --> 01:45:28.709 align:start position:0%
have to come into explain explain this?
Well,<01:45:26.880><c> qu</c><01:45:27.280><c> so</c><01:45:27.520><c> let's</c><01:45:27.679><c> let's</c><01:45:28.000><c> go</c><01:45:28.159><c> right</c><01:45:28.320><c> back</c><01:45:28.480><c> to</c>

01:45:28.709 --> 01:45:28.719 align:start position:0%
Well, qu so let's let's go right back to
 

01:45:28.719 --> 01:45:31.590 align:start position:0%
Well, qu so let's let's go right back to
square<01:45:28.960><c> one.</c><01:45:29.679><c> Why</c><01:45:29.840><c> is</c><01:45:30.000><c> it</c><01:45:30.159><c> called</c><01:45:30.480><c> quantum</c>

01:45:31.590 --> 01:45:31.600 align:start position:0%
square one. Why is it called quantum
 

01:45:31.600 --> 01:45:35.030 align:start position:0%
square one. Why is it called quantum
physics?<01:45:32.800><c> So</c><01:45:33.119><c> quanta</c><01:45:34.000><c> is</c><01:45:34.239><c> a</c><01:45:34.400><c> word</c><01:45:34.560><c> that</c><01:45:34.719><c> simply</c>

01:45:35.030 --> 01:45:35.040 align:start position:0%
physics? So quanta is a word that simply
 

01:45:35.040 --> 01:45:38.070 align:start position:0%
physics? So quanta is a word that simply
means<01:45:35.440><c> packet</c><01:45:36.080><c> small</c><01:45:36.480><c> amount.</c><01:45:37.600><c> So</c><01:45:37.760><c> it's</c>

01:45:38.070 --> 01:45:38.080 align:start position:0%
means packet small amount. So it's
 

01:45:38.080 --> 01:45:41.109 align:start position:0%
means packet small amount. So it's
quantized.<01:45:39.360><c> So</c><01:45:39.679><c> we</c><01:45:39.920><c> recognized</c><01:45:40.560><c> when</c><01:45:40.800><c> we</c>

01:45:41.109 --> 01:45:41.119 align:start position:0%
quantized. So we recognized when we
 

01:45:41.119 --> 01:45:43.590 align:start position:0%
quantized. So we recognized when we
recognized<01:45:41.440><c> that</c><01:45:41.679><c> this</c><01:45:41.840><c> this</c><01:45:42.560><c> table</c><01:45:42.960><c> appears</c>

01:45:43.590 --> 01:45:43.600 align:start position:0%
recognized that this this table appears
 

01:45:43.600 --> 01:45:45.669 align:start position:0%
recognized that this this table appears
appears<01:45:44.239><c> another</c><01:45:44.719><c> very</c><01:45:45.040><c> complicated</c><01:45:45.440><c> word</c>

01:45:45.669 --> 01:45:45.679 align:start position:0%
appears another very complicated word
 

01:45:45.679 --> 01:45:48.629 align:start position:0%
appears another very complicated word
solid<01:45:46.080><c> to</c><01:45:46.239><c> us</c><01:45:47.360><c> it</c><01:45:47.600><c> has</c><01:45:47.760><c> it's</c><01:45:48.080><c> really</c><01:45:48.320><c> made</c><01:45:48.480><c> up</c>

01:45:48.629 --> 01:45:48.639 align:start position:0%
solid to us it has it's really made up
 

01:45:48.639 --> 01:45:52.149 align:start position:0%
solid to us it has it's really made up
of<01:45:48.880><c> molecules</c><01:45:50.000><c> or</c><01:45:50.320><c> atoms</c>

01:45:52.149 --> 01:45:52.159 align:start position:0%
of molecules or atoms
 

01:45:52.159 --> 01:45:55.270 align:start position:0%
of molecules or atoms
and<01:45:52.560><c> atoms</c><01:45:53.520><c> we</c><01:45:54.159><c> we've</c><01:45:54.480><c> given</c><01:45:54.719><c> lots</c><01:45:54.960><c> of</c><01:45:55.119><c> names</c>

01:45:55.270 --> 01:45:55.280 align:start position:0%
and atoms we we've given lots of names
 

01:45:55.280 --> 01:45:57.510 align:start position:0%
and atoms we we've given lots of names
to<01:45:55.520><c> what</c><01:45:55.840><c> some</c><01:45:56.000><c> of</c><01:45:56.080><c> the</c><01:45:56.320><c> behaviors</c><01:45:57.119><c> when</c><01:45:57.360><c> if</c>

01:45:57.510 --> 01:45:57.520 align:start position:0%
to what some of the behaviors when if
 

01:45:57.520 --> 01:45:59.270 align:start position:0%
to what some of the behaviors when if
you<01:45:57.679><c> were</c><01:45:57.760><c> in</c><01:45:57.920><c> school</c><01:45:58.480><c> when</c><01:45:58.719><c> you</c><01:45:58.880><c> and</c><01:45:59.040><c> I</c><01:45:59.199><c> were</c>

01:45:59.270 --> 01:45:59.280 align:start position:0%
you were in school when you and I were
 

01:45:59.280 --> 01:46:01.990 align:start position:0%
you were in school when you and I were
in<01:45:59.440><c> school</c><01:45:59.600><c> in</c><01:45:59.760><c> the</c><01:45:59.920><c> 50s</c><01:46:00.639><c> the</c><01:46:01.199><c> model</c><01:46:01.520><c> was</c><01:46:01.760><c> a</c>

01:46:01.990 --> 01:46:02.000 align:start position:0%
in school in the 50s the model was a
 

01:46:02.000 --> 01:46:04.149 align:start position:0%
in school in the 50s the model was a
little<01:46:02.480><c> center</c><01:46:03.199><c> thing</c><01:46:03.440><c> in</c><01:46:03.679><c> the</c><01:46:03.760><c> middle</c><01:46:04.000><c> and</c>

01:46:04.149 --> 01:46:04.159 align:start position:0%
little center thing in the middle and
 

01:46:04.159 --> 01:46:07.669 align:start position:0%
little center thing in the middle and
electron<01:46:04.639><c> went</c><01:46:04.880><c> around</c><01:46:05.119><c> and</c><01:46:05.440><c> around</c><01:46:05.679><c> it</c>

01:46:07.669 --> 01:46:07.679 align:start position:0%
electron went around and around it
 

01:46:07.679 --> 01:46:09.750 align:start position:0%
electron went around and around it
it<01:46:08.000><c> was</c><01:46:08.320><c> seen</c><01:46:08.560><c> as</c><01:46:08.719><c> a</c><01:46:08.960><c> ball</c><01:46:09.199><c> that</c><01:46:09.360><c> went</c><01:46:09.600><c> around</c>

01:46:09.750 --> 01:46:09.760 align:start position:0%
it was seen as a ball that went around
 

01:46:09.760 --> 01:46:11.750 align:start position:0%
it was seen as a ball that went around
and<01:46:10.000><c> around</c><01:46:10.239><c> it.</c><01:46:10.480><c> And</c><01:46:10.800><c> as</c><01:46:11.040><c> we</c><01:46:11.199><c> started</c><01:46:11.440><c> to</c><01:46:11.600><c> look</c>

01:46:11.750 --> 01:46:11.760 align:start position:0%
and around it. And as we started to look
 

01:46:11.760 --> 01:46:13.910 align:start position:0%
and around it. And as we started to look
at<01:46:12.000><c> say,</c><01:46:12.400><c> well,</c><01:46:12.639><c> let's</c><01:46:12.960><c> see</c><01:46:13.119><c> what</c><01:46:13.360><c> this</c><01:46:13.600><c> ball</c>

01:46:13.910 --> 01:46:13.920 align:start position:0%
at say, well, let's see what this ball
 

01:46:13.920 --> 01:46:16.229 align:start position:0%
at say, well, let's see what this ball
looks<01:46:14.159><c> like.</c><01:46:14.480><c> I</c><01:46:14.719><c> want</c><01:46:14.880><c> to</c><01:46:14.960><c> be</c><01:46:15.040><c> able</c><01:46:15.199><c> to</c><01:46:15.760><c> examine</c>

01:46:16.229 --> 01:46:16.239 align:start position:0%
looks like. I want to be able to examine
 

01:46:16.239 --> 01:46:18.870 align:start position:0%
looks like. I want to be able to examine
that<01:46:16.560><c> little</c><01:46:16.880><c> thing</c><01:46:17.040><c> called</c><01:46:17.280><c> an</c><01:46:17.520><c> electron.</c><01:46:18.719><c> We</c>

01:46:18.870 --> 01:46:18.880 align:start position:0%
that little thing called an electron. We
 

01:46:18.880 --> 01:46:21.430 align:start position:0%
that little thing called an electron. We
found<01:46:19.119><c> out</c><01:46:19.280><c> there</c><01:46:19.440><c> was</c><01:46:19.520><c> nothing</c><01:46:19.760><c> there.</c><01:46:21.199><c> There</c>

01:46:21.430 --> 01:46:21.440 align:start position:0%
found out there was nothing there. There
 

01:46:21.440 --> 01:46:23.510 align:start position:0%
found out there was nothing there. There
wasn't<01:46:21.760><c> the</c><01:46:22.000><c> thing.</c>

01:46:23.510 --> 01:46:23.520 align:start position:0%
wasn't the thing.
 

01:46:23.520 --> 01:46:28.229 align:start position:0%
wasn't the thing.
It<01:46:23.840><c> it</c><01:46:24.239><c> was</c><01:46:24.400><c> simply</c><01:46:25.600><c> a</c><01:46:25.920><c> cloud</c><01:46:26.400><c> of</c><01:46:27.440><c> energy</c><01:46:28.000><c> that</c>

01:46:28.229 --> 01:46:28.239 align:start position:0%
It it was simply a cloud of energy that
 

01:46:28.239 --> 01:46:31.350 align:start position:0%
It it was simply a cloud of energy that
we<01:46:28.400><c> can</c><01:46:28.560><c> call</c><01:46:28.800><c> an</c><01:46:29.040><c> electron.</c><01:46:30.159><c> So</c><01:46:30.800><c> we</c><01:46:31.119><c> already</c>

01:46:31.350 --> 01:46:31.360 align:start position:0%
we can call an electron. So we already
 

01:46:31.360 --> 01:46:33.109 align:start position:0%
we can call an electron. So we already
started<01:46:31.600><c> to</c><01:46:31.760><c> see</c><01:46:32.000><c> mysterious</c><01:46:32.560><c> things</c><01:46:32.719><c> as</c><01:46:32.960><c> we</c>

01:46:33.109 --> 01:46:33.119 align:start position:0%
started to see mysterious things as we
 

01:46:33.119 --> 01:46:35.830 align:start position:0%
started to see mysterious things as we
go<01:46:33.199><c> into</c><01:46:33.600><c> very</c><01:46:33.920><c> super</c><01:46:34.320><c> small</c><01:46:34.719><c> quantities.</c>

01:46:35.830 --> 01:46:35.840 align:start position:0%
go into very super small quantities.
 

01:46:35.840 --> 01:46:39.189 align:start position:0%
go into very super small quantities.
Quantum<01:46:36.880><c> physics.</c><01:46:38.159><c> So</c><01:46:38.480><c> quantum</c><01:46:38.880><c> physics</c>

01:46:39.189 --> 01:46:39.199 align:start position:0%
Quantum physics. So quantum physics
 

01:46:39.199 --> 01:46:40.950 align:start position:0%
Quantum physics. So quantum physics
started<01:46:39.440><c> to</c><01:46:39.520><c> go</c><01:46:39.600><c> into</c><01:46:39.840><c> the</c><01:46:40.080><c> very</c><01:46:40.239><c> small</c><01:46:40.560><c> and</c><01:46:40.719><c> at</c>

01:46:40.950 --> 01:46:40.960 align:start position:0%
started to go into the very small and at
 

01:46:40.960 --> 01:46:42.950 align:start position:0%
started to go into the very small and at
very<01:46:41.280><c> small</c>

01:46:42.950 --> 01:46:42.960 align:start position:0%
very small
 

01:46:42.960 --> 01:46:44.790 align:start position:0%
very small
distances

01:46:44.790 --> 01:46:44.800 align:start position:0%
distances
 

01:46:44.800 --> 01:46:47.750 align:start position:0%
distances
we<01:46:45.440><c> we</c><01:46:45.760><c> see</c><01:46:46.000><c> things</c><01:46:46.159><c> that</c><01:46:46.400><c> we</c><01:46:46.639><c> can't</c><01:46:46.880><c> explain.</c>

01:46:47.750 --> 01:46:47.760 align:start position:0%
we we see things that we can't explain.
 

01:46:47.760 --> 01:46:49.830 align:start position:0%
we we see things that we can't explain.
We<01:46:47.920><c> just</c><01:46:48.159><c> cannot</c><01:46:48.560><c> explain.</c><01:46:49.280><c> How</c><01:46:49.360><c> am</c><01:46:49.520><c> I</c><01:46:49.600><c> doing</c>

01:46:49.830 --> 01:46:49.840 align:start position:0%
We just cannot explain. How am I doing
 

01:46:49.840 --> 01:46:51.430 align:start position:0%
We just cannot explain. How am I doing
on<01:46:50.000><c> time?</c>

01:46:51.430 --> 01:46:51.440 align:start position:0%
on time?
 

01:46:51.440 --> 01:46:53.669 align:start position:0%
on time?
&gt;&gt; Uh<01:46:52.800><c> four</c><01:46:53.040><c> minutes.</c>

01:46:53.669 --> 01:46:53.679 align:start position:0%
&gt;&gt; Uh four minutes.
 

01:46:53.679 --> 01:46:59.510 align:start position:0%
&gt;&gt; Uh four minutes.
&gt;&gt; Fine.<01:46:54.320><c> Um</c><01:46:55.520><c> and</c><01:46:55.840><c> to</c><01:46:56.159><c> summarize</c><01:46:56.880><c> no</c><01:46:57.199><c> sorry</c><01:46:58.000><c> um</c>

01:46:59.510 --> 01:46:59.520 align:start position:0%
&gt;&gt; Fine. Um and to summarize no sorry um
 

01:46:59.520 --> 01:47:01.109 align:start position:0%
&gt;&gt; Fine. Um and to summarize no sorry um
let's<01:46:59.760><c> go</c><01:46:59.920><c> back</c><01:47:00.000><c> to</c><01:47:00.159><c> human</c><01:47:00.400><c> life.</c><01:47:00.800><c> When</c><01:47:00.960><c> do</c><01:47:01.040><c> you</c>

01:47:01.109 --> 01:47:01.119 align:start position:0%
let's go back to human life. When do you
 

01:47:01.119 --> 01:47:04.550 align:start position:0%
let's go back to human life. When do you
think<01:47:01.280><c> human</c><01:47:01.600><c> life</c><01:47:01.840><c> starts?</c>

01:47:04.550 --> 01:47:04.560 align:start position:0%
think human life starts?
 

01:47:04.560 --> 01:47:06.709 align:start position:0%
think human life starts?
&gt;&gt; It's<01:47:04.800><c> not</c><01:47:05.280><c> these.</c><01:47:05.679><c> So</c><01:47:05.920><c> you</c><01:47:06.080><c> see</c><01:47:06.320><c> this</c><01:47:06.480><c> is</c><01:47:06.560><c> the</c>

01:47:06.709 --> 01:47:06.719 align:start position:0%
&gt;&gt; It's not these. So you see this is the
 

01:47:06.719 --> 01:47:08.229 align:start position:0%
&gt;&gt; It's not these. So you see this is the
question<01:47:07.119><c> you're</c><01:47:07.360><c> asking</c><01:47:07.520><c> me</c><01:47:07.760><c> to</c><01:47:07.920><c> measure</c>

01:47:08.229 --> 01:47:08.239 align:start position:0%
question you're asking me to measure
 

01:47:08.239 --> 01:47:10.550 align:start position:0%
question you're asking me to measure
something<01:47:08.480><c> again.</c><01:47:09.119><c> It's</c><01:47:09.920><c> does</c><01:47:10.239><c> the</c>

01:47:10.550 --> 01:47:10.560 align:start position:0%
something again. It's does the
 

01:47:10.560 --> 01:47:11.830 align:start position:0%
something again. It's does the
&gt;&gt; it<01:47:10.719><c> can't</c><01:47:10.880><c> be</c><01:47:10.960><c> measured.</c><01:47:11.280><c> You're</c><01:47:11.440><c> just</c><01:47:11.600><c> you</c>

01:47:11.830 --> 01:47:11.840 align:start position:0%
&gt;&gt; it can't be measured. You're just you
 

01:47:11.840 --> 01:47:16.470 align:start position:0%
&gt;&gt; it can't be measured. You're just you
just<01:47:12.000><c> hate</c><01:47:12.239><c> making</c><01:47:12.560><c> commitments</c><01:47:13.920><c> to</c><01:47:14.000><c> me</c><01:47:14.239><c> say</c>

01:47:16.470 --> 01:47:16.480 align:start position:0%
just hate making commitments to me say
 

01:47:16.480 --> 01:47:18.950 align:start position:0%
just hate making commitments to me say
I'm<01:47:16.960><c> I'm</c><01:47:16.960><c> I'm</c><01:47:17.679><c> peeling</c><01:47:18.000><c> this</c><01:47:18.159><c> onion</c><01:47:18.560><c> back</c><01:47:18.719><c> a</c>

01:47:18.950 --> 01:47:18.960 align:start position:0%
I'm I'm I'm peeling this onion back a
 

01:47:18.960 --> 01:47:21.430 align:start position:0%
I'm I'm I'm peeling this onion back a
layer<01:47:19.040><c> at</c><01:47:19.119><c> a</c><01:47:19.360><c> time.</c><01:47:20.480><c> All</c><01:47:20.639><c> your</c><01:47:20.880><c> [&nbsp;__&nbsp;]</c><01:47:21.280><c> and</c>

01:47:21.430 --> 01:47:21.440 align:start position:0%
layer at a time. All your [&nbsp;__&nbsp;] and
 

01:47:21.440 --> 01:47:22.870 align:start position:0%
layer at a time. All your [&nbsp;__&nbsp;] and
happy<01:47:21.679><c> target</c><01:47:22.080><c> can't</c><01:47:22.239><c> be</c><01:47:22.320><c> measured</c><01:47:22.639><c> can</c><01:47:22.800><c> be</c>

01:47:22.870 --> 01:47:22.880 align:start position:0%
happy target can't be measured can be
 

01:47:22.880 --> 01:47:24.709 align:start position:0%
happy target can't be measured can be
measured<01:47:23.280><c> like</c><01:47:23.440><c> that</c><01:47:23.600><c> is</c><01:47:23.840><c> that</c><01:47:24.159><c> to</c><01:47:24.480><c> say</c>

01:47:24.709 --> 01:47:24.719 align:start position:0%
measured like that is that to say
 

01:47:24.719 --> 01:47:26.390 align:start position:0%
measured like that is that to say
measure<01:47:25.119><c> makes</c><01:47:25.440><c> it's</c><01:47:25.679><c> a</c><01:47:25.920><c> commitment.</c><01:47:26.239><c> You</c>

01:47:26.390 --> 01:47:26.400 align:start position:0%
measure makes it's a commitment. You
 

01:47:26.400 --> 01:47:27.990 align:start position:0%
measure makes it's a commitment. You
don't<01:47:26.639><c> even</c><01:47:26.800><c> like</c><01:47:27.040><c> a</c><01:47:27.199><c> commitment</c><01:47:27.600><c> when</c><01:47:27.760><c> you</c>

01:47:27.990 --> 01:47:28.000 align:start position:0%
don't even like a commitment when you
 

01:47:28.000 --> 01:47:29.590 align:start position:0%
don't even like a commitment when you
answer<01:47:28.239><c> a</c><01:47:28.480><c> question.</c>

01:47:29.590 --> 01:47:29.600 align:start position:0%
answer a question.
 

01:47:29.600 --> 01:47:32.470 align:start position:0%
answer a question.
&gt;&gt; I<01:47:29.760><c> don't</c><01:47:30.320><c> say</c><01:47:30.400><c> in</c><01:47:30.560><c> golf</c><01:47:30.880><c> commit</c><01:47:31.119><c> to</c><01:47:31.280><c> the</c><01:47:31.440><c> shot.</c>

01:47:32.470 --> 01:47:32.480 align:start position:0%
&gt;&gt; I don't say in golf commit to the shot.
 

01:47:32.480 --> 01:47:33.830 align:start position:0%
&gt;&gt; I don't say in golf commit to the shot.
&gt;&gt; I<01:47:32.719><c> don't</c><01:47:32.800><c> know</c><01:47:32.880><c> what</c><01:47:33.040><c> it</c><01:47:33.199><c> means</c><01:47:33.440><c> to</c><01:47:33.679><c> be</c>

01:47:33.830 --> 01:47:33.840 align:start position:0%
&gt;&gt; I don't know what it means to be
 

01:47:33.840 --> 01:47:35.669 align:start position:0%
&gt;&gt; I don't know what it means to be
measured.<01:47:34.480><c> it.</c><01:47:34.800><c> You</c><01:47:34.960><c> do</c><01:47:35.119><c> know</c><01:47:35.199><c> what</c><01:47:35.360><c> it</c><01:47:35.520><c> means</c>

01:47:35.669 --> 01:47:35.679 align:start position:0%
measured. it. You do know what it means
 

01:47:35.679 --> 01:47:37.109 align:start position:0%
measured. it. You do know what it means
to<01:47:35.760><c> be</c><01:47:35.920><c> measured.</c><01:47:36.159><c> You're</c><01:47:36.400><c> one</c><01:47:36.480><c> of</c><01:47:36.560><c> the</c>

01:47:37.109 --> 01:47:37.119 align:start position:0%
to be measured. You're one of the
 

01:47:37.119 --> 01:47:39.669 align:start position:0%
to be measured. You're one of the
leading<01:47:37.520><c> currency</c><01:47:37.920><c> traders,</c><01:47:38.960><c> uh,</c><01:47:39.119><c> hedge</c><01:47:39.360><c> fund</c>

01:47:39.669 --> 01:47:39.679 align:start position:0%
leading currency traders, uh, hedge fund
 

01:47:39.679 --> 01:47:41.590 align:start position:0%
leading currency traders, uh, hedge fund
guys<01:47:39.920><c> or</c><01:47:40.159><c> stock</c><01:47:40.400><c> market</c><01:47:40.800><c> financial</c><01:47:41.280><c> wizards.</c>

01:47:41.590 --> 01:47:41.600 align:start position:0%
guys or stock market financial wizards.
 

01:47:41.600 --> 01:47:42.950 align:start position:0%
guys or stock market financial wizards.
You're<01:47:41.760><c> in</c><01:47:41.840><c> the</c><01:47:41.920><c> high</c><01:47:42.159><c> priesthood</c><01:47:42.560><c> of</c><01:47:42.719><c> high</c>

01:47:42.950 --> 01:47:42.960 align:start position:0%
You're in the high priesthood of high
 

01:47:42.960 --> 01:47:44.470 align:start position:0%
You're in the high priesthood of high
finance.<01:47:43.600><c> You</c><01:47:43.840><c> certainly</c><01:47:44.080><c> know</c><01:47:44.239><c> how</c><01:47:44.400><c> to</c>

01:47:44.470 --> 01:47:44.480 align:start position:0%
finance. You certainly know how to
 

01:47:44.480 --> 01:47:45.669 align:start position:0%
finance. You certainly know how to
measure.<01:47:45.040><c> That's</c><01:47:45.280><c> why</c><01:47:45.360><c> you're</c><01:47:45.520><c> a</c>

01:47:45.669 --> 01:47:45.679 align:start position:0%
measure. That's why you're a
 

01:47:45.679 --> 01:47:47.590 align:start position:0%
measure. That's why you're a
billionaire.<01:47:46.560><c> Any</c><01:47:46.800><c> other</c><01:47:46.960><c> answer</c><01:47:47.199><c> besides</c>

01:47:47.590 --> 01:47:47.600 align:start position:0%
billionaire. Any other answer besides
 

01:47:47.600 --> 01:47:49.830 align:start position:0%
billionaire. Any other answer besides
that<01:47:47.760><c> is</c><01:47:48.000><c> total</c><01:47:48.239><c> and</c><01:47:48.480><c> complete</c><01:47:48.719><c> [&nbsp;__&nbsp;]</c><01:47:49.679><c> And</c>

01:47:49.830 --> 01:47:49.840 align:start position:0%
that is total and complete [&nbsp;__&nbsp;] And
 

01:47:49.840 --> 01:47:51.189 align:start position:0%
that is total and complete [&nbsp;__&nbsp;] And
you<01:47:50.000><c> know</c><01:47:50.159><c> it.</c>

01:47:51.189 --> 01:47:51.199 align:start position:0%
you know it.
 

01:47:51.199 --> 01:47:53.669 align:start position:0%
you know it.
&gt;&gt; I<01:47:51.520><c> know</c><01:47:51.679><c> very</c><01:47:52.000><c> few</c><01:47:52.239><c> things.</c>

01:47:53.669 --> 01:47:53.679 align:start position:0%
&gt;&gt; I know very few things.
 

01:47:53.679 --> 01:47:55.590 align:start position:0%
&gt;&gt; I know very few things.
&gt;&gt; You<01:47:53.920><c> you</c><01:47:54.239><c> know</c><01:47:54.480><c> things</c><01:47:54.719><c> can</c><01:47:54.880><c> be</c><01:47:54.960><c> measured.</c><01:47:55.360><c> You</c>

01:47:55.590 --> 01:47:55.600 align:start position:0%
&gt;&gt; You you know things can be measured. You
 

01:47:55.600 --> 01:47:57.270 align:start position:0%
&gt;&gt; You you know things can be measured. You
measure<01:47:55.920><c> every</c><01:47:56.159><c> day.</c><01:47:56.400><c> You</c><01:47:56.560><c> weigh</c><01:47:56.800><c> and</c><01:47:56.960><c> measure</c>

01:47:57.270 --> 01:47:57.280 align:start position:0%
measure every day. You weigh and measure
 

01:47:57.280 --> 01:47:59.510 align:start position:0%
measure every day. You weigh and measure
every<01:47:57.520><c> day.</c><01:47:58.159><c> You</c><01:47:58.320><c> weigh</c><01:47:58.560><c> and</c><01:47:58.719><c> measure</c><01:47:59.040><c> people.</c>

01:47:59.510 --> 01:47:59.520 align:start position:0%
every day. You weigh and measure people.
 

01:47:59.520 --> 01:48:01.109 align:start position:0%
every day. You weigh and measure people.
You<01:47:59.679><c> weigh</c><01:47:59.920><c> and</c><01:48:00.080><c> measure</c><01:48:00.320><c> leaders.</c><01:48:00.800><c> You</c><01:48:00.960><c> weigh</c>

01:48:01.109 --> 01:48:01.119 align:start position:0%
You weigh and measure leaders. You weigh
 

01:48:01.119 --> 01:48:02.790 align:start position:0%
You weigh and measure leaders. You weigh
and<01:48:01.360><c> measure</c><01:48:01.600><c> economies.</c><01:48:02.320><c> You</c><01:48:02.400><c> weigh</c><01:48:02.639><c> and</c>

01:48:02.790 --> 01:48:02.800 align:start position:0%
and measure economies. You weigh and
 

01:48:02.800 --> 01:48:04.310 align:start position:0%
and measure economies. You weigh and
measure<01:48:03.040><c> politics.</c>

01:48:04.310 --> 01:48:04.320 align:start position:0%
measure politics.
 

01:48:04.320 --> 01:48:05.750 align:start position:0%
measure politics.
You<01:48:04.400><c> you</c><01:48:04.480><c> weigh</c><01:48:04.719><c> and</c><01:48:04.880><c> measure.</c><01:48:05.119><c> You</c><01:48:05.280><c> weigh</c>

01:48:05.750 --> 01:48:05.760 align:start position:0%
You you weigh and measure. You weigh
 

01:48:05.760 --> 01:48:09.669 align:start position:0%
You you weigh and measure. You weigh
your<01:48:05.840><c> whole</c><01:48:07.199><c> your</c><01:48:07.440><c> whole</c><01:48:07.679><c> life</c><01:48:08.560><c> in</c><01:48:08.800><c> fact</c><01:48:09.440><c> is</c>

01:48:09.669 --> 01:48:09.679 align:start position:0%
your whole your whole life in fact is
 

01:48:09.679 --> 01:48:10.790 align:start position:0%
your whole your whole life in fact is
measuring.

01:48:10.790 --> 01:48:10.800 align:start position:0%
measuring.
 

01:48:10.800 --> 01:48:13.430 align:start position:0%
measuring.
&gt;&gt; It's<01:48:11.040><c> that's</c><01:48:11.840><c> so</c><01:48:12.080><c> what</c><01:48:12.320><c> you've</c><01:48:12.560><c> now</c><01:48:12.880><c> done</c><01:48:13.040><c> is</c><01:48:13.199><c> a</c>

01:48:13.430 --> 01:48:13.440 align:start position:0%
&gt;&gt; It's that's so what you've now done is a
 

01:48:13.440 --> 01:48:15.990 align:start position:0%
&gt;&gt; It's that's so what you've now done is a
great<01:48:13.600><c> thing</c><01:48:14.400><c> is</c><01:48:14.719><c> you've</c><01:48:15.040><c> used</c><01:48:15.360><c> the</c><01:48:15.679><c> word</c>

01:48:15.990 --> 01:48:16.000 align:start position:0%
great thing is you've used the word
 

01:48:16.000 --> 01:48:19.109 align:start position:0%
great thing is you've used the word
measure<01:48:16.639><c> a</c><01:48:16.960><c> mathematic</c><01:48:17.679><c> term</c><01:48:18.320><c> in</c><01:48:18.639><c> a</c><01:48:18.800><c> common</c>

01:48:19.109 --> 01:48:19.119 align:start position:0%
measure a mathematic term in a common
 

01:48:19.119 --> 01:48:21.430 align:start position:0%
measure a mathematic term in a common
vernacular<01:48:19.679><c> and</c><01:48:19.920><c> abused</c><01:48:20.400><c> it.</c><01:48:20.880><c> So</c><01:48:21.040><c> I</c><01:48:21.360><c> don't</c>

01:48:21.430 --> 01:48:21.440 align:start position:0%
vernacular and abused it. So I don't
 

01:48:21.440 --> 01:48:23.189 align:start position:0%
vernacular and abused it. So I don't
even<01:48:21.679><c> recognize</c><01:48:22.159><c> what</c><01:48:22.320><c> it</c><01:48:22.480><c> means.</c><01:48:22.719><c> It's</c><01:48:22.960><c> so</c>

01:48:23.189 --> 01:48:23.199 align:start position:0%
even recognize what it means. It's so
 

01:48:23.199 --> 01:48:27.189 align:start position:0%
even recognize what it means. It's so
abusive<01:48:24.080><c> to</c><01:48:24.400><c> my</c><01:48:24.880><c> field.</c>

01:48:27.189 --> 01:48:27.199 align:start position:0%
abusive to my field.
 

01:48:27.199 --> 01:48:29.270 align:start position:0%
abusive to my field.
&gt;&gt; Why?<01:48:27.520><c> And</c><01:48:27.679><c> let's</c><01:48:27.840><c> go</c><01:48:27.920><c> to</c><01:48:28.000><c> that</c><01:48:28.239><c> is</c><01:48:28.400><c> in</c><01:48:28.800><c> in</c>

01:48:29.270 --> 01:48:29.280 align:start position:0%
&gt;&gt; Why? And let's go to that is in in
 

01:48:29.280 --> 01:48:31.189 align:start position:0%
&gt;&gt; Why? And let's go to that is in in
mathematics<01:48:30.159><c> measure</c><01:48:30.400><c> means</c><01:48:30.639><c> and</c><01:48:30.880><c> measure</c>

01:48:31.189 --> 01:48:31.199 align:start position:0%
mathematics measure means and measure
 

01:48:31.199 --> 01:48:33.430 align:start position:0%
mathematics measure means and measure
means<01:48:31.440><c> what</c><01:48:31.760><c> specifically?</c><01:48:32.480><c> That's</c><01:48:33.199><c> there's</c>

01:48:33.430 --> 01:48:33.440 align:start position:0%
means what specifically? That's there's
 

01:48:33.440 --> 01:48:36.790 align:start position:0%
means what specifically? That's there's
no<01:48:33.600><c> spec.</c><01:48:34.320><c> It's</c><01:48:34.560><c> it's</c><01:48:34.880><c> a</c><01:48:35.199><c> an</c><01:48:35.520><c> approximation</c><01:48:36.400><c> or</c>

01:48:36.790 --> 01:48:36.800 align:start position:0%
no spec. It's it's a an approximation or
 

01:48:36.800 --> 01:48:39.669 align:start position:0%
no spec. It's it's a an approximation or
give<01:48:36.960><c> it</c><01:48:37.360><c> giving</c><01:48:37.760><c> something</c><01:48:38.080><c> a</c><01:48:38.400><c> number.</c><01:48:39.119><c> If</c><01:48:39.360><c> I</c>

01:48:39.669 --> 01:48:39.679 align:start position:0%
give it giving something a number. If I
 

01:48:39.679 --> 01:48:40.390 align:start position:0%
give it giving something a number. If I
Einstein<01:48:40.239><c> said</c>

01:48:40.390 --> 01:48:40.400 align:start position:0%
Einstein said
 

01:48:40.400 --> 01:48:41.750 align:start position:0%
Einstein said
&gt;&gt; we're<01:48:40.639><c> not</c><01:48:40.719><c> asking</c><01:48:40.960><c> you</c><01:48:41.040><c> to</c><01:48:41.119><c> go</c><01:48:41.280><c> to</c><01:48:41.360><c> the</c><01:48:41.520><c> ninth</c>

01:48:41.750 --> 01:48:41.760 align:start position:0%
&gt;&gt; we're not asking you to go to the ninth
 

01:48:41.760 --> 01:48:42.870 align:start position:0%
&gt;&gt; we're not asking you to go to the ninth
decimal<01:48:42.159><c> point.</c>

01:48:42.870 --> 01:48:42.880 align:start position:0%
decimal point.
 

01:48:42.880 --> 01:48:44.310 align:start position:0%
decimal point.
&gt;&gt; Oh,<01:48:43.119><c> that</c><01:48:43.360><c> you</c><01:48:43.520><c> didn't</c><01:48:43.679><c> say</c><01:48:43.760><c> that</c><01:48:44.000><c> before.</c>

01:48:44.310 --> 01:48:44.320 align:start position:0%
&gt;&gt; Oh, that you didn't say that before.
 

01:48:44.320 --> 01:48:45.510 align:start position:0%
&gt;&gt; Oh, that you didn't say that before.
&gt;&gt; No,<01:48:44.480><c> you're</c><01:48:44.639><c> not</c><01:48:44.800><c> going</c><01:48:44.960><c> to</c><01:48:45.119><c> the</c><01:48:45.199><c> ninth.</c>

01:48:45.510 --> 01:48:45.520 align:start position:0%
&gt;&gt; No, you're not going to the ninth.
 

01:48:45.520 --> 01:48:46.950 align:start position:0%
&gt;&gt; No, you're not going to the ninth.
&gt;&gt; I<01:48:45.600><c> don't</c><01:48:45.679><c> even</c><01:48:45.840><c> What</c><01:48:46.000><c> if</c><01:48:46.080><c> I</c><01:48:46.239><c> say</c><01:48:46.400><c> measure</c><01:48:46.719><c> how</c>

01:48:46.950 --> 01:48:46.960 align:start position:0%
&gt;&gt; I don't even What if I say measure how
 

01:48:46.960 --> 01:48:49.109 align:start position:0%
&gt;&gt; I don't even What if I say measure how
how<01:48:47.199><c> tall</c><01:48:47.520><c> are</c><01:48:47.679><c> you?</c>

01:48:49.109 --> 01:48:49.119 align:start position:0%
how tall are you?
 

01:48:49.119 --> 01:48:51.270 align:start position:0%
how tall are you?
&gt;&gt; You'd<01:48:49.440><c> say</c><01:48:50.080><c> okay.</c><01:48:50.320><c> Six</c><01:48:50.560><c> foot</c><01:48:50.880><c> six</c><01:48:51.040><c> feet.</c>

01:48:51.270 --> 01:48:51.280 align:start position:0%
&gt;&gt; You'd say okay. Six foot six feet.
 

01:48:51.280 --> 01:48:53.830 align:start position:0%
&gt;&gt; You'd say okay. Six foot six feet.
&gt;&gt; But<01:48:51.360><c> is</c><01:48:51.520><c> it</c><01:48:51.600><c> 6'</c><01:48:52.000><c> one</c><01:48:52.159><c> inch?</c>

01:48:53.830 --> 01:48:53.840 align:start position:0%
&gt;&gt; But is it 6' one inch?
 

01:48:53.840 --> 01:48:56.870 align:start position:0%
&gt;&gt; But is it 6' one inch?
&gt;&gt; Give<01:48:54.000><c> or</c><01:48:54.159><c> take</c><01:48:54.800><c> six</c><01:48:55.760><c> between</c><01:48:56.080><c> 5'11</c><01:48:56.560><c> and</c><01:48:56.719><c> six</c>

01:48:56.870 --> 01:48:56.880 align:start position:0%
&gt;&gt; Give or take six between 5'11 and six
 

01:48:56.880 --> 01:48:57.189 align:start position:0%
&gt;&gt; Give or take six between 5'11 and six
feet.

01:48:57.189 --> 01:48:57.199 align:start position:0%
feet.
 

01:48:57.199 --> 01:48:59.189 align:start position:0%
feet.
&gt;&gt; But<01:48:57.360><c> what's</c><01:48:57.600><c> that?</c><01:48:58.000><c> But</c><01:48:58.159><c> I</c><01:48:58.320><c> want</c><01:48:58.800><c> So</c><01:48:58.960><c> the</c>

01:48:59.189 --> 01:48:59.199 align:start position:0%
&gt;&gt; But what's that? But I want So the
 

01:48:59.199 --> 01:49:00.790 align:start position:0%
&gt;&gt; But what's that? But I want So the
question<01:48:59.360><c> is</c><01:48:59.760><c> I</c><01:49:00.000><c> want</c><01:49:00.080><c> an</c><01:49:00.320><c> accurate</c>

01:49:00.790 --> 01:49:00.800 align:start position:0%
question is I want an accurate
 

01:49:00.800 --> 01:49:02.790 align:start position:0%
question is I want an accurate
&gt;&gt; Zenos.<01:49:01.280><c> I</c><01:49:01.440><c> got</c><01:49:01.600><c> Zeno's</c><01:49:02.159><c> paradox.</c>

01:49:02.790 --> 01:49:02.800 align:start position:0%
&gt;&gt; Zenos. I got Zeno's paradox.
 

01:49:02.800 --> 01:49:03.990 align:start position:0%
&gt;&gt; Zenos. I got Zeno's paradox.
&gt;&gt; I<01:49:02.960><c> don't</c><01:49:03.040><c> even</c><01:49:03.199><c> know</c><01:49:03.360><c> what</c><01:49:03.520><c> it</c><01:49:03.679><c> means</c><01:49:03.840><c> to</c>

01:49:03.990 --> 01:49:04.000 align:start position:0%
&gt;&gt; I don't even know what it means to
 

01:49:04.000 --> 01:49:05.430 align:start position:0%
&gt;&gt; I don't even know what it means to
measure<01:49:04.239><c> you.</c><01:49:04.400><c> Is</c><01:49:04.480><c> that</c><01:49:04.719><c> am</c><01:49:04.800><c> I</c><01:49:04.960><c> measuring</c><01:49:05.199><c> the</c>

01:49:05.430 --> 01:49:05.440 align:start position:0%
measure you. Is that am I measuring the
 

01:49:05.440 --> 01:49:07.590 align:start position:0%
measure you. Is that am I measuring the
top<01:49:05.520><c> of</c><01:49:05.679><c> your</c><01:49:05.840><c> hair,</c><01:49:06.159><c> the</c><01:49:06.400><c> top</c><01:49:06.560><c> of</c><01:49:06.639><c> your</c><01:49:06.880><c> skull?</c>

01:49:07.590 --> 01:49:07.600 align:start position:0%
top of your hair, the top of your skull?
 

01:49:07.600 --> 01:49:09.669 align:start position:0%
top of your hair, the top of your skull?
Which<01:49:08.080><c> and</c><01:49:08.320><c> the</c><01:49:08.480><c> the</c><01:49:08.800><c> finer</c><01:49:09.280><c> the</c><01:49:09.440><c> more</c>

01:49:09.669 --> 01:49:09.679 align:start position:0%
Which and the the finer the more
 

01:49:09.679 --> 01:49:10.709 align:start position:0%
Which and the the finer the more
&gt;&gt; you're<01:49:09.760><c> getting</c><01:49:09.920><c> you're</c><01:49:10.080><c> getting</c><01:49:10.320><c> that's</c>

01:49:10.709 --> 01:49:10.719 align:start position:0%
&gt;&gt; you're getting you're getting that's
 

01:49:10.719 --> 01:49:12.950 align:start position:0%
&gt;&gt; you're getting you're getting that's
you're<01:49:10.960><c> being</c><01:49:11.199><c> rabbitical.</c><01:49:12.159><c> This</c><01:49:12.320><c> is</c><01:49:12.480><c> like</c>

01:49:12.950 --> 01:49:12.960 align:start position:0%
you're being rabbitical. This is like
 

01:49:12.960 --> 01:49:14.310 align:start position:0%
you're being rabbitical. This is like
&gt;&gt; I<01:49:13.040><c> took</c><01:49:13.199><c> I</c><01:49:13.360><c> shaved</c><01:49:13.520><c> my</c><01:49:13.679><c> beard</c><01:49:13.840><c> off.</c><01:49:14.080><c> I</c><01:49:14.159><c> used</c><01:49:14.239><c> to</c>

01:49:14.310 --> 01:49:14.320 align:start position:0%
&gt;&gt; I took I shaved my beard off. I used to
 

01:49:14.320 --> 01:49:14.870 align:start position:0%
&gt;&gt; I took I shaved my beard off. I used to
be

01:49:14.870 --> 01:49:14.880 align:start position:0%
be
 

01:49:14.880 --> 01:49:16.550 align:start position:0%
be
&gt;&gt; No,<01:49:15.040><c> my</c><01:49:15.199><c> point</c><01:49:15.280><c> is</c><01:49:15.520><c> isn't</c><01:49:15.840><c> that</c><01:49:16.000><c> what</c><01:49:16.320><c> isn't</c>

01:49:16.550 --> 01:49:16.560 align:start position:0%
&gt;&gt; No, my point is isn't that what isn't
 

01:49:16.560 --> 01:49:17.990 align:start position:0%
&gt;&gt; No, my point is isn't that what isn't
that<01:49:16.800><c> going</c><01:49:17.040><c> through</c><01:49:17.199><c> the</c><01:49:17.360><c> Torah</c><01:49:17.679><c> where</c><01:49:17.840><c> you</c>

01:49:17.990 --> 01:49:18.000 align:start position:0%
that going through the Torah where you
 

01:49:18.000 --> 01:49:20.790 align:start position:0%
that going through the Torah where you
where<01:49:18.239><c> you're</c><01:49:18.400><c> you're</c><01:49:18.639><c> you're</c><01:49:19.199><c> parsing</c><01:49:19.679><c> every</c>

01:49:20.790 --> 01:49:20.800 align:start position:0%
where you're you're you're parsing every
 

01:49:20.800 --> 01:49:22.790 align:start position:0%
where you're you're you're parsing every
every<01:49:21.520><c> uh</c><01:49:21.760><c> every</c><01:49:22.159><c> definition.</c>

01:49:22.790 --> 01:49:22.800 align:start position:0%
every uh every definition.
 

01:49:22.800 --> 01:49:23.350 align:start position:0%
every uh every definition.
&gt;&gt; No,

01:49:23.350 --> 01:49:23.360 align:start position:0%
&gt;&gt; No,
 

01:49:23.360 --> 01:49:25.750 align:start position:0%
&gt;&gt; No,
&gt;&gt; you<01:49:23.520><c> do</c><01:49:23.760><c> you.</c><01:49:24.400><c> However</c><01:49:24.880><c> we</c><01:49:25.040><c> broadly</c><01:49:25.440><c> define</c>

01:49:25.750 --> 01:49:25.760 align:start position:0%
&gt;&gt; you do you. However we broadly define
 

01:49:25.760 --> 01:49:28.550 align:start position:0%
&gt;&gt; you do you. However we broadly define
measure,<01:49:26.800><c> your</c><01:49:27.119><c> life</c><01:49:27.600><c> literally</c><01:49:28.080><c> is</c><01:49:28.320><c> about</c>

01:49:28.550 --> 01:49:28.560 align:start position:0%
measure, your life literally is about
 

01:49:28.560 --> 01:49:30.870 align:start position:0%
measure, your life literally is about
measurement,<01:49:29.119><c> is</c><01:49:29.280><c> it</c><01:49:29.440><c> not?</c><01:49:30.080><c> It's</c><01:49:30.400><c> about</c><01:49:30.560><c> get</c>

01:49:30.870 --> 01:49:30.880 align:start position:0%
measurement, is it not? It's about get
 

01:49:30.880 --> 01:49:33.030 align:start position:0%
measurement, is it not? It's about get
putting<01:49:31.119><c> numbers</c><01:49:31.520><c> on</c><01:49:31.760><c> things</c><01:49:32.080><c> so</c><01:49:32.320><c> that</c><01:49:32.560><c> I</c><01:49:32.800><c> can</c>

01:49:33.030 --> 01:49:33.040 align:start position:0%
putting numbers on things so that I can
 

01:49:33.040 --> 01:49:35.109 align:start position:0%
putting numbers on things so that I can
try<01:49:33.920><c> my</c><01:49:34.159><c> best.</c>

01:49:35.109 --> 01:49:35.119 align:start position:0%
try my best.
 

01:49:35.119 --> 01:49:36.470 align:start position:0%
try my best.
&gt;&gt; I<01:49:35.360><c> that</c><01:49:35.520><c> you</c><01:49:35.679><c> can</c><01:49:35.760><c> call</c><01:49:35.920><c> it</c><01:49:36.080><c> whatever</c><01:49:36.320><c> you</c>

01:49:36.470 --> 01:49:36.480 align:start position:0%
&gt;&gt; I that you can call it whatever you
 

01:49:36.480 --> 01:49:37.910 align:start position:0%
&gt;&gt; I that you can call it whatever you
like.<01:49:36.639><c> If</c><01:49:36.800><c> that</c><01:49:36.960><c> if</c><01:49:37.199><c> that</c><01:49:37.360><c> makes</c><01:49:37.520><c> you</c><01:49:37.679><c> feel</c>

01:49:37.910 --> 01:49:37.920 align:start position:0%
like. If that if that makes you feel
 

01:49:37.920 --> 01:49:40.149 align:start position:0%
like. If that if that makes you feel
better

01:49:40.149 --> 01:49:40.159 align:start position:0%
better
 

01:49:40.159 --> 01:49:42.790 align:start position:0%
better
back<01:49:40.400><c> to</c><01:49:40.560><c> your</c><01:49:40.800><c> scientific</c><01:49:41.360><c> inquiry.</c>

01:49:42.790 --> 01:49:42.800 align:start position:0%
back to your scientific inquiry.
 

01:49:42.800 --> 01:49:46.229 align:start position:0%
back to your scientific inquiry.
&gt;&gt; No,<01:49:43.040><c> it</c><01:49:43.760><c> even</c><01:49:44.480><c> a</c><01:49:44.719><c> number</c><01:49:45.360><c> it</c><01:49:45.440><c> it</c><01:49:45.679><c> people</c><01:49:45.920><c> don't</c>

01:49:46.229 --> 01:49:46.239 align:start position:0%
&gt;&gt; No, it even a number it it people don't
 

01:49:46.239 --> 01:49:48.149 align:start position:0%
&gt;&gt; No, it even a number it it people don't
a<01:49:46.480><c> number</c><01:49:46.960><c> is</c><01:49:47.280><c> is</c><01:49:47.520><c> a</c><01:49:47.600><c> complicated.</c>

01:49:48.149 --> 01:49:48.159 align:start position:0%
a number is is a complicated.
 

01:49:48.159 --> 01:49:49.590 align:start position:0%
a number is is a complicated.
&gt;&gt; When<01:49:48.320><c> did</c><01:49:48.480><c> you</c><01:49:48.560><c> come</c><01:49:48.800><c> when</c><01:49:49.040><c> did</c><01:49:49.199><c> you</c><01:49:49.360><c> come</c><01:49:49.440><c> to</c>

01:49:49.590 --> 01:49:49.600 align:start position:0%
&gt;&gt; When did you come when did you come to
 

01:49:49.600 --> 01:49:51.590 align:start position:0%
&gt;&gt; When did you come when did you come to
this<01:49:49.840><c> in</c><01:49:50.239><c> when</c><01:49:50.400><c> did</c><01:49:50.560><c> you</c><01:49:50.639><c> come</c><01:49:50.800><c> to</c><01:49:50.960><c> this</c><01:49:51.119><c> aha</c>

01:49:51.590 --> 01:49:51.600 align:start position:0%
this in when did you come to this aha
 

01:49:51.600 --> 01:49:54.390 align:start position:0%
this in when did you come to this aha
moment?<01:49:52.159><c> was</c><01:49:52.560><c> when</c><01:49:52.800><c> it</c><01:49:52.960><c> was</c><01:49:53.119><c> in</c><01:49:53.920><c> when</c><01:49:54.159><c> it</c><01:49:54.320><c> was</c>

01:49:54.390 --> 01:49:54.400 align:start position:0%
moment? was when it was in when it was
 

01:49:54.400 --> 01:49:56.229 align:start position:0%
moment? was when it was in when it was
in<01:49:54.560><c> your</c><01:49:54.880><c> solitary</c><01:49:55.360><c> confinement</c><01:49:55.840><c> when</c><01:49:56.080><c> the</c>

01:49:56.229 --> 01:49:56.239 align:start position:0%
in your solitary confinement when the
 

01:49:56.239 --> 01:49:58.629 align:start position:0%
in your solitary confinement when the
biggest<01:49:56.480><c> financial</c><01:49:57.600><c> crisis</c><01:49:58.080><c> in</c><01:49:58.400><c> world</c>

01:49:58.629 --> 01:49:58.639 align:start position:0%
biggest financial crisis in world
 

01:49:58.639 --> 01:50:01.750 align:start position:0%
biggest financial crisis in world
history<01:49:58.960><c> was</c><01:49:59.199><c> going</c><01:49:59.360><c> on</c><01:49:59.760><c> in</c><01:50:00.000><c> your</c><01:50:00.320><c> 7</c><01:50:00.639><c> by9</c><01:50:01.440><c> jail</c>

01:50:01.750 --> 01:50:01.760 align:start position:0%
history was going on in your 7 by9 jail
 

01:50:01.760 --> 01:50:03.990 align:start position:0%
history was going on in your 7 by9 jail
cell<01:50:02.000><c> with</c><01:50:02.239><c> your</c><01:50:02.400><c> metal</c><01:50:02.800><c> bed</c><01:50:03.360><c> and</c><01:50:03.600><c> your</c><01:50:03.840><c> and</c>

01:50:03.990 --> 01:50:04.000 align:start position:0%
cell with your metal bed and your and
 

01:50:04.000 --> 01:50:05.350 align:start position:0%
cell with your metal bed and your and
your<01:50:04.159><c> two</c><01:50:04.400><c> brushes</c><01:50:04.800><c> because</c><01:50:04.960><c> you</c><01:50:05.199><c> were</c><01:50:05.280><c> a</c>

01:50:05.350 --> 01:50:05.360 align:start position:0%
your two brushes because you were a
 

01:50:05.360 --> 01:50:07.910 align:start position:0%
your two brushes because you were a
trustee<01:50:06.159><c> with</c><01:50:06.400><c> the</c><01:50:06.560><c> brown</c><01:50:06.880><c> uniform</c><01:50:07.360><c> on</c>

01:50:07.910 --> 01:50:07.920 align:start position:0%
trustee with the brown uniform on
 

01:50:07.920 --> 01:50:10.149 align:start position:0%
trustee with the brown uniform on
trustee<01:50:08.400><c> spelled</c><01:50:08.719><c> wrong.</c><01:50:09.440><c> Is</c><01:50:09.679><c> that</c><01:50:09.920><c> the</c>

01:50:10.149 --> 01:50:10.159 align:start position:0%
trustee spelled wrong. Is that the
 

01:50:10.159 --> 01:50:12.790 align:start position:0%
trustee spelled wrong. Is that the
moment<01:50:10.400><c> of</c><01:50:10.639><c> clarity</c><01:50:10.960><c> that</c><01:50:11.199><c> you</c><01:50:11.440><c> had</c><01:50:11.920><c> about</c>

01:50:12.790 --> 01:50:12.800 align:start position:0%
moment of clarity that you had about
 

01:50:12.800 --> 01:50:15.109 align:start position:0%
moment of clarity that you had about
science<01:50:13.199><c> and</c><01:50:13.440><c> and</c><01:50:13.520><c> and</c><01:50:14.080><c> Newtonian</c><01:50:14.719><c> physics</c>

01:50:15.109 --> 01:50:15.119 align:start position:0%
science and and and Newtonian physics
 

01:50:15.119 --> 01:50:16.950 align:start position:0%
science and and and Newtonian physics
and<01:50:15.440><c> everything</c><01:50:15.679><c> that</c><01:50:15.920><c> we</c><01:50:16.080><c> can</c><01:50:16.159><c> measure</c><01:50:16.639><c> is</c>

01:50:16.950 --> 01:50:16.960 align:start position:0%
and everything that we can measure is
 

01:50:16.960 --> 01:50:18.310 align:start position:0%
and everything that we can measure is
really<01:50:17.119><c> not</c><01:50:17.360><c> going</c><01:50:17.440><c> to</c><01:50:17.520><c> be</c><01:50:17.679><c> the</c><01:50:17.920><c> way</c><01:50:18.000><c> we</c><01:50:18.159><c> go</c>

01:50:18.310 --> 01:50:18.320 align:start position:0%
really not going to be the way we go
 

01:50:18.320 --> 01:50:19.910 align:start position:0%
really not going to be the way we go
forward.<01:50:18.719><c> It's</c><01:50:18.960><c> going</c><01:50:18.960><c> to</c><01:50:19.119><c> be</c><01:50:19.199><c> some</c><01:50:19.360><c> more</c><01:50:19.600><c> much</c>

01:50:19.910 --> 01:50:19.920 align:start position:0%
forward. It's going to be some more much
 

01:50:19.920 --> 01:50:23.750 align:start position:0%
forward. It's going to be some more much
more<01:50:20.080><c> esoteric</c><01:50:21.520><c> uh</c><01:50:21.760><c> emotional</c><01:50:23.119><c> intelligence</c>

01:50:23.750 --> 01:50:23.760 align:start position:0%
more esoteric uh emotional intelligence
 

01:50:23.760 --> 01:50:25.189 align:start position:0%
more esoteric uh emotional intelligence
thing.<01:50:24.159><c> Was</c><01:50:24.400><c> that</c><01:50:24.480><c> your</c><01:50:24.719><c> was</c><01:50:24.880><c> that</c><01:50:25.040><c> your</c>

01:50:25.189 --> 01:50:25.199 align:start position:0%
thing. Was that your was that your
 

01:50:25.199 --> 01:50:26.390 align:start position:0%
thing. Was that your was that your
moment<01:50:25.360><c> of</c><01:50:25.520><c> clarity?</c>

01:50:26.390 --> 01:50:26.400 align:start position:0%
moment of clarity?
 

01:50:26.400 --> 01:50:27.990 align:start position:0%
moment of clarity?
&gt;&gt; I<01:50:26.639><c> wish</c><01:50:26.800><c> it</c><01:50:26.960><c> was</c><01:50:27.119><c> because</c><01:50:27.360><c> it</c><01:50:27.520><c> would</c><01:50:27.679><c> make</c><01:50:27.840><c> such</c>

01:50:27.990 --> 01:50:28.000 align:start position:0%
&gt;&gt; I wish it was because it would make such
 

01:50:28.000 --> 01:50:31.189 align:start position:0%
&gt;&gt; I wish it was because it would make such
a<01:50:28.239><c> great</c><01:50:28.480><c> story</c><01:50:28.800><c> for</c><01:50:29.040><c> this</c><01:50:29.600><c> interview,</c><01:50:30.639><c> but</c><01:50:30.880><c> it</c>

01:50:31.189 --> 01:50:31.199 align:start position:0%
a great story for this interview, but it
 

01:50:31.199 --> 01:50:33.350 align:start position:0%
a great story for this interview, but it
it's<01:50:31.520><c> not.</c><01:50:31.920><c> It's</c><01:50:32.239><c> the</c><01:50:32.400><c> fact</c><01:50:32.480><c> that</c><01:50:32.639><c> I</c><01:50:32.880><c> lead</c><01:50:33.119><c> such</c>

01:50:33.350 --> 01:50:33.360 align:start position:0%
it's not. It's the fact that I lead such
 

01:50:33.360 --> 01:50:35.669 align:start position:0%
it's not. It's the fact that I lead such
a<01:50:33.520><c> privileged</c><01:50:34.000><c> life</c><01:50:34.480><c> to</c><01:50:34.719><c> come</c><01:50:34.880><c> across.</c><01:50:35.199><c> So,</c>

01:50:35.669 --> 01:50:35.679 align:start position:0%
a privileged life to come across. So,
 

01:50:35.679 --> 01:50:37.910 align:start position:0%
a privileged life to come across. So,
&gt;&gt; when<01:50:35.840><c> did</c><01:50:36.000><c> you</c><01:50:36.880><c> if</c><01:50:37.040><c> it</c><01:50:37.199><c> didn't</c><01:50:37.360><c> happen</c><01:50:37.600><c> then?</c>

01:50:37.910 --> 01:50:37.920 align:start position:0%
&gt;&gt; when did you if it didn't happen then?
 

01:50:37.920 --> 01:50:39.350 align:start position:0%
&gt;&gt; when did you if it didn't happen then?
When<01:50:38.080><c> did</c><01:50:38.239><c> it</c><01:50:38.480><c> or</c><01:50:38.560><c> did</c><01:50:38.639><c> it</c><01:50:38.800><c> happen</c><01:50:38.880><c> before?</c><01:50:39.199><c> I</c>

01:50:39.350 --> 01:50:39.360 align:start position:0%
When did it or did it happen before? I
 

01:50:39.360 --> 01:50:41.430 align:start position:0%
When did it or did it happen before? I
was<01:50:39.520><c> going</c><01:50:39.600><c> to</c><01:50:39.840><c> hopefully</c><01:50:40.159><c> get</c><01:50:40.320><c> to</c><01:50:40.480><c> the</c><01:50:41.040><c> I</c><01:50:41.280><c> I</c>

01:50:41.430 --> 01:50:41.440 align:start position:0%
was going to hopefully get to the I I
 

01:50:41.440 --> 01:50:42.950 align:start position:0%
was going to hopefully get to the I I
I'm<01:50:41.760><c> in</c><01:50:41.840><c> a</c><01:50:41.920><c> privileged</c><01:50:42.320><c> position</c><01:50:42.560><c> to</c><01:50:42.800><c> have</c>

01:50:42.950 --> 01:50:42.960 align:start position:0%
I'm in a privileged position to have
 

01:50:42.960 --> 01:50:45.030 align:start position:0%
I'm in a privileged position to have
some<01:50:43.119><c> of</c><01:50:43.199><c> the</c><01:50:43.360><c> world's</c><01:50:43.679><c> smartest</c><01:50:44.159><c> people</c><01:50:44.800><c> come</c>

01:50:45.030 --> 01:50:45.040 align:start position:0%
some of the world's smartest people come
 

01:50:45.040 --> 01:50:47.350 align:start position:0%
some of the world's smartest people come
to<01:50:45.199><c> my</c><01:50:45.440><c> house</c><01:50:45.840><c> and</c><01:50:46.400><c> tell</c><01:50:46.560><c> me</c><01:50:46.719><c> what</c><01:50:46.960><c> they</c><01:50:47.119><c> think</c>

01:50:47.350 --> 01:50:47.360 align:start position:0%
to my house and tell me what they think
 

01:50:47.360 --> 01:50:49.990 align:start position:0%
to my house and tell me what they think
about<01:50:47.600><c> different</c><01:50:48.000><c> subjects.</c><01:50:49.040><c> And</c><01:50:49.280><c> I</c><01:50:49.520><c> finally</c>

01:50:49.990 --> 01:50:50.000 align:start position:0%
about different subjects. And I finally
 

01:50:50.000 --> 01:50:52.870 align:start position:0%
about different subjects. And I finally
realized<01:50:50.639><c> that</c><01:50:51.760><c> the</c><01:50:52.080><c> thing</c><01:50:52.239><c> that</c><01:50:52.480><c> they</c><01:50:52.639><c> had</c>

01:50:52.870 --> 01:50:52.880 align:start position:0%
realized that the thing that they had
 

01:50:52.880 --> 01:50:55.590 align:start position:0%
realized that the thing that they had
most<01:50:53.199><c> in</c><01:50:53.520><c> common</c><01:50:54.159><c> was</c><01:50:54.400><c> there</c><01:50:54.719><c> was</c><01:50:54.800><c> this</c><01:50:55.119><c> area,</c>

01:50:55.590 --> 01:50:55.600 align:start position:0%
most in common was there was this area,
 

01:50:55.600 --> 01:50:58.070 align:start position:0%
most in common was there was this area,
this<01:50:55.920><c> area,</c><01:50:56.880><c> no</c><01:50:56.880><c> matter</c><01:50:57.280><c> how</c><01:50:57.520><c> smart</c><01:50:57.840><c> they</c>

01:50:58.070 --> 01:50:58.080 align:start position:0%
this area, no matter how smart they
 

01:50:58.080 --> 01:51:00.870 align:start position:0%
this area, no matter how smart they
were,<01:50:59.280><c> that</c>

01:51:00.870 --> 01:51:00.880 align:start position:0%
were, that
 

01:51:00.880 --> 01:51:02.390 align:start position:0%
were, that
when<01:51:01.119><c> I</c><01:51:01.280><c> asked</c><01:51:01.520><c> them</c><01:51:01.679><c> the</c><01:51:01.840><c> questions,</c><01:51:02.159><c> they</c>

01:51:02.390 --> 01:51:02.400 align:start position:0%
when I asked them the questions, they
 

01:51:02.400 --> 01:51:06.149 align:start position:0%
when I asked them the questions, they
said<01:51:02.880><c> they'd</c><01:51:03.280><c> have</c><01:51:03.440><c> to</c><01:51:04.000><c> resort</c><01:51:04.400><c> to</c><01:51:04.639><c> a</c><01:51:05.360><c> 500</c><01:51:05.840><c> or</c><01:51:06.080><c> a</c>

01:51:06.149 --> 01:51:06.159 align:start position:0%
said they'd have to resort to a 500 or a
 

01:51:06.159 --> 01:51:08.070 align:start position:0%
said they'd have to resort to a 500 or a
thousand<01:51:06.560><c> year</c><01:51:06.560><c> old</c><01:51:07.040><c> response</c><01:51:07.600><c> to</c><01:51:07.840><c> that</c>

01:51:08.070 --> 01:51:08.080 align:start position:0%
thousand year old response to that
 

01:51:08.080 --> 01:51:11.830 align:start position:0%
thousand year old response to that
question,<01:51:08.400><c> which</c><01:51:08.719><c> was,</c><01:51:10.159><c> I</c><01:51:10.480><c> don't</c><01:51:10.639><c> know.</c>

01:51:11.830 --> 01:51:11.840 align:start position:0%
question, which was, I don't know.
 

01:51:11.840 --> 01:51:17.270 align:start position:0%
question, which was, I don't know.
&gt;&gt; You<01:51:12.000><c> know</c><01:51:12.159><c> who</c><01:51:12.639><c> um</c><01:51:12.960><c> who</c><01:51:13.280><c> else</c><01:51:13.440><c> found</c><01:51:13.679><c> that</c><01:51:13.840><c> out?</c>

01:51:17.270 --> 01:51:17.280 align:start position:0%
 
 

01:51:17.280 --> 01:51:19.030 align:start position:0%
 
&gt;&gt; Socrates.

01:51:19.030 --> 01:51:19.040 align:start position:0%
&gt;&gt; Socrates.
 

01:51:19.040 --> 01:51:20.790 align:start position:0%
&gt;&gt; Socrates.
That's<01:51:19.440><c> that's</c><01:51:19.600><c> what</c><01:51:19.760><c> Socrates</c><01:51:20.320><c> kept</c><01:51:20.560><c> doing,</c>

01:51:20.790 --> 01:51:20.800 align:start position:0%
That's that's what Socrates kept doing,
 

01:51:20.800 --> 01:51:22.790 align:start position:0%
That's that's what Socrates kept doing,
right?<01:51:21.040><c> Socrates</c><01:51:21.600><c> kept</c><01:51:22.000><c> asking</c><01:51:22.400><c> all</c><01:51:22.560><c> the</c>

01:51:22.790 --> 01:51:22.800 align:start position:0%
right? Socrates kept asking all the
 

01:51:22.800 --> 01:51:24.709 align:start position:0%
right? Socrates kept asking all the
experts.

01:51:24.709 --> 01:51:24.719 align:start position:0%
experts.
 

01:51:24.719 --> 01:51:26.709 align:start position:0%
experts.
He<01:51:24.960><c> would</c><01:51:25.119><c> go</c><01:51:25.280><c> through,</c><01:51:25.920><c> you</c><01:51:26.080><c> know,</c><01:51:26.320><c> question</c>

01:51:26.709 --> 01:51:26.719 align:start position:0%
He would go through, you know, question
 

01:51:26.719 --> 01:51:28.310 align:start position:0%
He would go through, you know, question
after<01:51:27.119><c> question</c><01:51:27.440><c> after</c><01:51:27.760><c> question</c><01:51:28.159><c> and</c>

01:51:28.310 --> 01:51:28.320 align:start position:0%
after question after question and
 

01:51:28.320 --> 01:51:30.149 align:start position:0%
after question after question and
realize<01:51:28.560><c> at</c><01:51:28.800><c> the</c><01:51:28.880><c> end</c><01:51:29.520><c> they</c><01:51:29.760><c> didn't</c><01:51:29.920><c> really</c>

01:51:30.149 --> 01:51:30.159 align:start position:0%
realize at the end they didn't really
 

01:51:30.159 --> 01:51:31.669 align:start position:0%
realize at the end they didn't really
know<01:51:30.400><c> under</c><01:51:30.639><c> they</c><01:51:30.880><c> really</c><01:51:31.040><c> didn't</c><01:51:31.280><c> basically</c>

01:51:31.669 --> 01:51:31.679 align:start position:0%
know under they really didn't basically
 

01:51:31.679 --> 01:51:33.350 align:start position:0%
know under they really didn't basically
understand<01:51:32.000><c> what</c><01:51:32.239><c> they</c><01:51:32.400><c> were</c><01:51:32.560><c> talking</c><01:51:32.719><c> about.</c>

01:51:33.350 --> 01:51:33.360 align:start position:0%
understand what they were talking about.
 

01:51:33.360 --> 01:51:35.430 align:start position:0%
understand what they were talking about.
And<01:51:33.600><c> one</c><01:51:33.760><c> of</c><01:51:33.840><c> the</c><01:51:34.000><c> things</c><01:51:34.159><c> that</c><01:51:34.480><c> people</c><01:51:34.800><c> won't</c>

01:51:35.430 --> 01:51:35.440 align:start position:0%
And one of the things that people won't
 

01:51:35.440 --> 01:51:38.870 align:start position:0%
And one of the things that people won't
enjoy,<01:51:36.480><c> it</c><01:51:36.800><c> turns</c><01:51:37.040><c> out</c><01:51:37.199><c> that</c><01:51:38.080><c> potentially</c><01:51:38.639><c> one</c>

01:51:38.870 --> 01:51:38.880 align:start position:0%
enjoy, it turns out that potentially one
 

01:51:38.880 --> 01:51:41.109 align:start position:0%
enjoy, it turns out that potentially one
of<01:51:38.960><c> the</c><01:51:39.119><c> bad</c><01:51:39.360><c> things</c><01:51:39.599><c> to</c><01:51:39.840><c> teach</c><01:51:40.159><c> children</c><01:51:40.880><c> is</c>

01:51:41.109 --> 01:51:41.119 align:start position:0%
of the bad things to teach children is
 

01:51:41.119 --> 01:51:43.990 align:start position:0%
of the bad things to teach children is
how<01:51:41.360><c> to</c><01:51:41.520><c> write.</c>

01:51:43.990 --> 01:51:44.000 align:start position:0%
how to write.
 

01:51:44.000 --> 01:51:45.910 align:start position:0%
how to write.
It's<01:51:44.239><c> imp</c><01:51:44.719><c> writing,</c><01:51:45.119><c> reading</c><01:51:45.280><c> and</c><01:51:45.520><c> arithmetic</c>

01:51:45.910 --> 01:51:45.920 align:start position:0%
It's imp writing, reading and arithmetic
 

01:51:45.920 --> 01:51:47.109 align:start position:0%
It's imp writing, reading and arithmetic
was<01:51:46.159><c> supposed</c><01:51:46.320><c> to</c><01:51:46.400><c> be</c><01:51:46.560><c> everyone's</c><01:51:46.960><c> supposed</c>

01:51:47.109 --> 01:51:47.119 align:start position:0%
was supposed to be everyone's supposed
 

01:51:47.119 --> 01:51:49.669 align:start position:0%
was supposed to be everyone's supposed
to<01:51:47.199><c> be</c><01:51:47.360><c> taught.</c><01:51:47.679><c> But</c><01:51:48.320><c> writing</c><01:51:48.960><c> forces</c><01:51:49.440><c> you</c>

01:51:49.669 --> 01:51:49.679 align:start position:0%
to be taught. But writing forces you
 

01:51:49.679 --> 01:51:52.149 align:start position:0%
to be taught. But writing forces you
into<01:51:50.000><c> a</c><01:51:50.239><c> very</c><01:51:50.639><c> narrow</c><01:51:51.199><c> channel</c><01:51:51.520><c> of</c><01:51:51.760><c> thinking</c>

01:51:52.149 --> 01:51:52.159 align:start position:0%
into a very narrow channel of thinking
 

01:51:52.159 --> 01:51:54.709 align:start position:0%
into a very narrow channel of thinking
you<01:51:52.320><c> have</c><01:51:52.480><c> to</c><01:51:52.560><c> write</c><01:51:53.599><c> certain</c><01:51:54.000><c> in</c><01:51:54.239><c> a</c><01:51:54.480><c> certain</c>

01:51:54.709 --> 01:51:54.719 align:start position:0%
you have to write certain in a certain
 

01:51:54.719 --> 01:51:56.390 align:start position:0%
you have to write certain in a certain
form<01:51:55.119><c> in</c><01:51:55.280><c> a</c><01:51:55.440><c> certain</c><01:51:55.679><c> way</c><01:51:55.840><c> in</c><01:51:56.000><c> a</c><01:51:56.159><c> certain</c>

01:51:56.390 --> 01:51:56.400 align:start position:0%
form in a certain way in a certain
 

01:51:56.400 --> 01:51:59.270 align:start position:0%
form in a certain way in a certain
linear<01:51:56.880><c> pattern.</c><01:51:58.080><c> So</c><01:51:58.239><c> your</c><01:51:58.480><c> thinking</c><01:51:58.960><c> becomes</c>

01:51:59.270 --> 01:51:59.280 align:start position:0%
linear pattern. So your thinking becomes
 

01:51:59.280 --> 01:52:01.270 align:start position:0%
linear pattern. So your thinking becomes
somewhat<01:51:59.760><c> narrow.</c><01:52:00.400><c> The</c><01:52:00.639><c> most</c><01:52:00.880><c> interest</c><01:52:01.119><c> the</c>

01:52:01.270 --> 01:52:01.280 align:start position:0%
somewhat narrow. The most interest the
 

01:52:01.280 --> 01:52:03.030 align:start position:0%
somewhat narrow. The most interest the
reason<01:52:01.440><c> I</c><01:52:01.679><c> brought</c><01:52:01.840><c> up</c><01:52:02.080><c> writing</c><01:52:02.480><c> is</c><01:52:02.800><c> one</c><01:52:02.960><c> of</c>

01:52:03.030 --> 01:52:03.040 align:start position:0%
reason I brought up writing is one of
 

01:52:03.040 --> 01:52:04.629 align:start position:0%
reason I brought up writing is one of
the<01:52:03.199><c> recent</c><01:52:03.520><c> discoveries</c><01:52:04.000><c> of</c><01:52:04.159><c> mine</c><01:52:04.400><c> with</c>

01:52:04.629 --> 01:52:04.639 align:start position:0%
the recent discoveries of mine with
 

01:52:04.639 --> 01:52:06.070 align:start position:0%
the recent discoveries of mine with
respect<01:52:04.880><c> to</c><01:52:05.040><c> Socrates,</c><01:52:05.520><c> Plato's</c><01:52:05.920><c> and</c>

01:52:06.070 --> 01:52:06.080 align:start position:0%
respect to Socrates, Plato's and
 

01:52:06.080 --> 01:52:09.669 align:start position:0%
respect to Socrates, Plato's and
Aristotle<01:52:06.880><c> is</c><01:52:07.119><c> they</c><01:52:07.360><c> never</c><01:52:07.599><c> wrote</c><01:52:08.320><c> anything.</c>

01:52:09.669 --> 01:52:09.679 align:start position:0%
Aristotle is they never wrote anything.
 

01:52:09.679 --> 01:52:13.669 align:start position:0%
Aristotle is they never wrote anything.
They<01:52:10.000><c> spoke</c><01:52:10.960><c> and</c><01:52:11.360><c> people</c><01:52:11.760><c> around</c><01:52:13.119><c> who</c><01:52:13.440><c> could</c>

01:52:13.669 --> 01:52:13.679 align:start position:0%
They spoke and people around who could
 

01:52:13.679 --> 01:52:17.830 align:start position:0%
They spoke and people around who could
write<01:52:14.480><c> wrote.</c><01:52:15.920><c> Socrates</c><01:52:16.480><c> could</c><01:52:16.719><c> think.</c><01:52:17.599><c> So</c>

01:52:17.830 --> 01:52:17.840 align:start position:0%
write wrote. Socrates could think. So
 

01:52:17.840 --> 01:52:19.109 align:start position:0%
write wrote. Socrates could think. So
that<01:52:18.320><c> that</c><01:52:18.320><c> that</c><01:52:18.800><c> was</c>

01:52:19.109 --> 01:52:19.119 align:start position:0%
that that that was
 

01:52:19.119 --> 01:52:20.950 align:start position:0%
that that that was
&gt;&gt; Jesus<01:52:19.440><c> of</c><01:52:19.679><c> Nazareth</c><01:52:20.159><c> was</c><01:52:20.320><c> the</c><01:52:20.480><c> same</c><01:52:20.639><c> way,</c>

01:52:20.950 --> 01:52:20.960 align:start position:0%
&gt;&gt; Jesus of Nazareth was the same way,
 

01:52:20.960 --> 01:52:22.950 align:start position:0%
&gt;&gt; Jesus of Nazareth was the same way,
right?<01:52:21.360><c> Never</c><01:52:21.599><c> wrote</c><01:52:21.840><c> anything.</c>

01:52:22.950 --> 01:52:22.960 align:start position:0%
right? Never wrote anything.
 

01:52:22.960 --> 01:52:24.950 align:start position:0%
right? Never wrote anything.
&gt;&gt; I<01:52:23.199><c> thought</c><01:52:23.360><c> he</c><01:52:23.520><c> was</c><01:52:23.599><c> a</c><01:52:23.760><c> carpenter.</c>

01:52:24.950 --> 01:52:24.960 align:start position:0%
&gt;&gt; I thought he was a carpenter.
 

01:52:24.960 --> 01:52:25.990 align:start position:0%
&gt;&gt; I thought he was a carpenter.
&gt;&gt; He<01:52:25.040><c> he</c><01:52:25.199><c> was</c><01:52:25.360><c> a</c><01:52:25.520><c> carpenter.</c>

01:52:25.990 --> 01:52:26.000 align:start position:0%
&gt;&gt; He he was a carpenter.
 

01:52:26.000 --> 01:52:27.430 align:start position:0%
&gt;&gt; He he was a carpenter.
&gt;&gt; Didn't<01:52:26.239><c> he</c><01:52:26.320><c> need</c><01:52:26.560><c> like</c><01:52:26.639><c> a</c><01:52:26.800><c> little</c><01:52:26.960><c> carpenter</c>

01:52:27.430 --> 01:52:27.440 align:start position:0%
&gt;&gt; Didn't he need like a little carpenter
 

01:52:27.440 --> 01:52:29.270 align:start position:0%
&gt;&gt; Didn't he need like a little carpenter
to<01:52:27.760><c> I</c><01:52:27.840><c> don't</c><01:52:27.920><c> want</c><01:52:28.000><c> to</c><01:52:28.080><c> get</c>

01:52:29.270 --> 01:52:29.280 align:start position:0%
to I don't want to get
 

01:52:29.280 --> 01:52:31.589 align:start position:0%
to I don't want to get
&gt;&gt; But<01:52:29.920><c> at</c><01:52:29.920><c> least</c><01:52:30.239><c> his</c><01:52:30.480><c> written</c><01:52:30.719><c> record.</c><01:52:31.360><c> One</c>

01:52:31.589 --> 01:52:31.599 align:start position:0%
&gt;&gt; But at least his written record. One
 

01:52:31.599 --> 01:52:33.510 align:start position:0%
&gt;&gt; But at least his written record. One
last<01:52:31.840><c> thing.</c><01:52:32.239><c> Um</c>

01:52:33.510 --> 01:52:33.520 align:start position:0%
last thing. Um
 

01:52:33.520 --> 01:52:36.070 align:start position:0%
last thing. Um
&gt;&gt; thank<01:52:33.679><c> you</c><01:52:33.840><c> for</c><01:52:34.080><c> having</c><01:52:34.320><c> me</c><01:52:35.360><c> to</c><01:52:35.599><c> to</c><01:52:35.840><c> your</c>

01:52:36.070 --> 01:52:36.080 align:start position:0%
&gt;&gt; thank you for having me to to your
 

01:52:36.080 --> 01:52:37.750 align:start position:0%
&gt;&gt; thank you for having me to to your
house.

01:52:37.750 --> 01:52:37.760 align:start position:0%
house.
 

01:52:37.760 --> 01:52:41.750 align:start position:0%
house.
Um,

01:52:41.750 --> 01:52:41.760 align:start position:0%
 
 

01:52:41.760 --> 01:52:42.390 align:start position:0%
 
&gt;&gt; vegetable<01:52:42.159><c> juice.</c>

01:52:42.390 --> 01:52:42.400 align:start position:0%
&gt;&gt; vegetable juice.
 

01:52:42.400 --> 01:52:43.350 align:start position:0%
&gt;&gt; vegetable juice.
&gt;&gt; Let's<01:52:42.480><c> go</c><01:52:42.560><c> back.</c><01:52:42.719><c> Let's</c><01:52:42.960><c> go</c><01:52:43.040><c> with</c><01:52:43.119><c> vegetable</c>

01:52:43.350 --> 01:52:43.360 align:start position:0%
&gt;&gt; Let's go back. Let's go with vegetable
 

01:52:43.360 --> 01:52:43.910 align:start position:0%
&gt;&gt; Let's go back. Let's go with vegetable
juice.

01:52:43.910 --> 01:52:43.920 align:start position:0%
juice.
 

01:52:43.920 --> 01:52:45.750 align:start position:0%
juice.
&gt;&gt; When<01:52:44.159><c> when</c><01:52:44.320><c> did</c><01:52:44.560><c> when</c><01:52:44.800><c> did</c><01:52:44.960><c> that</c>

01:52:45.750 --> 01:52:45.760 align:start position:0%
&gt;&gt; When when did when did that
 

01:52:45.760 --> 01:52:48.229 align:start position:0%
&gt;&gt; When when did when did that
&gt;&gt; the<01:52:46.080><c> beginning</c><01:52:46.320><c> of</c><01:52:46.480><c> that</c><01:52:46.800><c> was</c><01:52:47.040><c> there</c><01:52:47.199><c> any</c><01:52:47.520><c> one</c>

01:52:48.229 --> 01:52:48.239 align:start position:0%
&gt;&gt; the beginning of that was there any one
 

01:52:48.239 --> 01:52:50.470 align:start position:0%
&gt;&gt; the beginning of that was there any one
aha<01:52:48.800><c> moment</c><01:52:49.119><c> in</c><01:52:49.440><c> all</c><01:52:49.599><c> these</c><01:52:49.840><c> great</c><01:52:50.080><c> thinkers?</c>

01:52:50.470 --> 01:52:50.480 align:start position:0%
aha moment in all these great thinkers?
 

01:52:50.480 --> 01:52:52.870 align:start position:0%
aha moment in all these great thinkers?
Did<01:52:50.639><c> it</c><01:52:50.719><c> happen</c><01:52:50.960><c> before</c><01:52:51.280><c> 2008?</c><01:52:51.840><c> Was</c><01:52:52.000><c> it</c><01:52:52.159><c> after</c>

01:52:52.870 --> 01:52:52.880 align:start position:0%
Did it happen before 2008? Was it after
 

01:52:52.880 --> 01:52:55.270 align:start position:0%
Did it happen before 2008? Was it after
that<01:52:53.360><c> came</c><01:52:53.760><c> up</c><01:52:54.000><c> over</c><01:52:54.239><c> I</c><01:52:54.400><c> know</c><01:52:54.560><c> many</c><01:52:54.880><c> years,</c><01:52:55.040><c> but</c>

01:52:55.270 --> 01:52:55.280 align:start position:0%
that came up over I know many years, but
 

01:52:55.280 --> 01:52:57.270 align:start position:0%
that came up over I know many years, but
when<01:52:55.520><c> did</c><01:52:55.679><c> you</c><01:52:55.840><c> actually</c><01:52:56.080><c> realize,</c><01:52:56.639><c> hey,</c>

01:52:57.270 --> 01:52:57.280 align:start position:0%
when did you actually realize, hey,
 

01:52:57.280 --> 01:52:59.270 align:start position:0%
when did you actually realize, hey,
something<01:52:57.679><c> new</c><01:52:58.000><c> got</c><01:52:58.239><c> to</c><01:52:58.480><c> something</c><01:52:58.800><c> new's</c><01:52:59.119><c> got</c>

01:52:59.270 --> 01:52:59.280 align:start position:0%
something new got to something new's got
 

01:52:59.280 --> 01:52:59.990 align:start position:0%
something new got to something new's got
to<01:52:59.360><c> be</c><01:52:59.520><c> developed?</c>

01:52:59.990 --> 01:53:00.000 align:start position:0%
to be developed?
 

01:53:00.000 --> 01:53:02.070 align:start position:0%
to be developed?
&gt;&gt; Yeah,<01:53:00.159><c> that's</c><01:53:00.400><c> great.</c><01:53:00.880><c> is</c><01:53:01.119><c> that</c><01:53:01.360><c> I've</c><01:53:01.599><c> w</c>

01:53:02.070 --> 01:53:02.080 align:start position:0%
&gt;&gt; Yeah, that's great. is that I've w
 

01:53:02.080 --> 01:53:05.109 align:start position:0%
&gt;&gt; Yeah, that's great. is that I've w
because<01:53:03.040><c> um</c><01:53:03.760><c> again</c><01:53:04.159><c> I'm</c><01:53:04.480><c> privileged</c><01:53:04.960><c> enough</c>

01:53:05.109 --> 01:53:05.119 align:start position:0%
because um again I'm privileged enough
 

01:53:05.119 --> 01:53:07.030 align:start position:0%
because um again I'm privileged enough
to<01:53:05.440><c> have</c><01:53:05.679><c> people</c><01:53:06.000><c> around</c><01:53:06.239><c> me</c><01:53:06.400><c> who've</c><01:53:06.800><c> given</c>

01:53:07.030 --> 01:53:07.040 align:start position:0%
to have people around me who've given
 

01:53:07.040 --> 01:53:10.390 align:start position:0%
to have people around me who've given
lots<01:53:07.280><c> of</c><01:53:07.920><c> philanthropic</c><01:53:08.800><c> gifts</c><01:53:09.199><c> to</c><01:53:09.840><c> uh</c>

01:53:10.390 --> 01:53:10.400 align:start position:0%
lots of philanthropic gifts to uh
 

01:53:10.400 --> 01:53:12.629 align:start position:0%
lots of philanthropic gifts to uh
institutions<01:53:11.040><c> of</c><01:53:11.199><c> higher</c><01:53:11.520><c> learning</c><01:53:12.239><c> and</c><01:53:12.480><c> when</c>

01:53:12.629 --> 01:53:12.639 align:start position:0%
institutions of higher learning and when
 

01:53:12.639 --> 01:53:14.709 align:start position:0%
institutions of higher learning and when
I<01:53:12.880><c> said</c>

01:53:14.709 --> 01:53:14.719 align:start position:0%
I said
 

01:53:14.719 --> 01:53:17.030 align:start position:0%
I said
the<01:53:14.960><c> impact</c><01:53:15.520><c> have</c><01:53:15.679><c> you</c><01:53:16.080><c> jud</c><01:53:16.400><c> how</c><01:53:16.560><c> do</c><01:53:16.639><c> you</c><01:53:16.800><c> judge</c>

01:53:17.030 --> 01:53:17.040 align:start position:0%
the impact have you jud how do you judge
 

01:53:17.040 --> 01:53:19.830 align:start position:0%
the impact have you jud how do you judge
the<01:53:17.199><c> impact</c><01:53:17.520><c> of</c><01:53:17.679><c> your</c><01:53:17.920><c> giving</c><01:53:18.960><c> and</c><01:53:19.280><c> we</c><01:53:19.599><c> sat</c>

01:53:19.830 --> 01:53:19.840 align:start position:0%
the impact of your giving and we sat
 

01:53:19.840 --> 01:53:23.270 align:start position:0%
the impact of your giving and we sat
down<01:53:20.000><c> and</c><01:53:20.239><c> said</c><01:53:21.199><c> no</c><01:53:21.440><c> new</c><01:53:21.760><c> no</c><01:53:22.159><c> really</c><01:53:22.560><c> new</c><01:53:22.880><c> ideas</c>

01:53:23.270 --> 01:53:23.280 align:start position:0%
down and said no new no really new ideas
 

01:53:23.280 --> 01:53:26.310 align:start position:0%
down and said no new no really new ideas
have<01:53:23.520><c> come</c><01:53:23.760><c> out</c><01:53:24.800><c> and</c><01:53:24.960><c> I</c><01:53:25.199><c> realized</c><01:53:25.520><c> that</c><01:53:26.080><c> of</c>

01:53:26.310 --> 01:53:26.320 align:start position:0%
have come out and I realized that of
 

01:53:26.320 --> 01:53:28.070 align:start position:0%
have come out and I realized that of
course<01:53:26.480><c> it</c><01:53:26.719><c> hasn't</c><01:53:26.960><c> come</c><01:53:27.119><c> out</c><01:53:27.360><c> because</c><01:53:27.679><c> we've</c>

01:53:28.070 --> 01:53:28.080 align:start position:0%
course it hasn't come out because we've
 

01:53:28.080 --> 01:53:30.709 align:start position:0%
course it hasn't come out because we've
been<01:53:28.320><c> looking</c><01:53:28.480><c> at</c><01:53:29.040><c> using</c><01:53:29.599><c> science</c>

01:53:30.709 --> 01:53:30.719 align:start position:0%
been looking at using science
 

01:53:30.719 --> 01:53:33.350 align:start position:0%
been looking at using science
and<01:53:31.040><c> mathematics</c><01:53:31.760><c> and</c><01:53:32.000><c> it's</c><01:53:32.159><c> the</c><01:53:32.400><c> wrong</c><01:53:32.639><c> tool.</c>

01:53:33.350 --> 01:53:33.360 align:start position:0%
and mathematics and it's the wrong tool.
 

01:53:33.360 --> 01:53:34.629 align:start position:0%
and mathematics and it's the wrong tool.
It's<01:53:33.679><c> obvious.</c>

01:53:34.629 --> 01:53:34.639 align:start position:0%
It's obvious.
 

01:53:34.639 --> 01:53:38.470 align:start position:0%
It's obvious.
&gt;&gt; Institutions<01:53:35.520><c> that</c><01:53:36.960><c> are</c><01:53:37.199><c> set</c><01:53:37.440><c> up</c><01:53:37.679><c> and</c><01:53:38.000><c> try</c><01:53:38.159><c> to</c>

01:53:38.470 --> 01:53:38.480 align:start position:0%
&gt;&gt; Institutions that are set up and try to
 

01:53:38.480 --> 01:53:40.149 align:start position:0%
&gt;&gt; Institutions that are set up and try to
put<01:53:38.639><c> forward</c>

01:53:40.149 --> 01:53:40.159 align:start position:0%
put forward
 

01:53:40.159 --> 01:53:42.229 align:start position:0%
put forward
knowledge<01:53:40.639><c> and</c><01:53:40.960><c> and</c><01:53:41.280><c> understanding</c><01:53:42.000><c> and</c>

01:53:42.229 --> 01:53:42.239 align:start position:0%
knowledge and and understanding and
 

01:53:42.239 --> 01:53:48.790 align:start position:0%
knowledge and and understanding and
truth,<01:53:43.280><c> should</c><01:53:43.520><c> they</c><01:53:43.760><c> take</c><01:53:43.920><c> your</c><01:53:44.159><c> money?</c>

01:53:48.790 --> 01:53:48.800 align:start position:0%
 
 

01:53:48.800 --> 01:53:51.589 align:start position:0%
 
Derek<01:53:49.199><c> Bach</c><01:53:49.520><c> at</c><01:53:49.679><c> Harvard</c><01:53:50.400><c> said</c><01:53:50.960><c> taking</c><01:53:51.360><c> money</c>

01:53:51.589 --> 01:53:51.599 align:start position:0%
Derek Bach at Harvard said taking money
 

01:53:51.599 --> 01:53:55.350 align:start position:0%
Derek Bach at Harvard said taking money
for<01:53:51.840><c> good</c><01:53:52.159><c> causes</c><01:53:52.800><c> is</c><01:53:53.119><c> a</c><01:53:53.360><c> good</c><01:53:53.520><c> thing.</c>

01:53:55.350 --> 01:53:55.360 align:start position:0%
for good causes is a good thing.
 

01:53:55.360 --> 01:53:57.990 align:start position:0%
for good causes is a good thing.
So<01:53:55.599><c> if</c><01:53:55.840><c> Hitler</c><01:53:56.239><c> if</c><01:53:56.480><c> Hitler</c><01:53:57.199><c> took</c><01:53:57.440><c> all</c><01:53:57.520><c> the</c><01:53:57.760><c> gold</c>

01:53:57.990 --> 01:53:58.000 align:start position:0%
So if Hitler if Hitler took all the gold
 

01:53:58.000 --> 01:54:00.310 align:start position:0%
So if Hitler if Hitler took all the gold
out<01:53:58.159><c> of</c><01:53:58.239><c> the</c><01:53:58.480><c> out</c><01:53:58.639><c> of</c><01:53:58.719><c> the</c><01:53:58.880><c> teeth</c><01:53:59.119><c> of</c><01:53:59.280><c> the</c><01:53:59.440><c> Jews</c>

01:54:00.310 --> 01:54:00.320 align:start position:0%
out of the out of the teeth of the Jews
 

01:54:00.320 --> 01:54:01.669 align:start position:0%
out of the out of the teeth of the Jews
and<01:54:00.639><c> said</c><01:54:00.880><c> I</c><01:54:01.119><c> want</c><01:54:01.199><c> to</c><01:54:01.280><c> give</c><01:54:01.440><c> this</c><01:54:01.520><c> to</c><01:54:01.679><c> H</c>

01:54:01.669 --> 01:54:01.679 align:start position:0%
and said I want to give this to H
 

01:54:01.679 --> 01:54:03.830 align:start position:0%
and said I want to give this to H
Highleberg<01:54:02.320><c> University</c><01:54:03.280><c> to</c><01:54:03.520><c> fund</c><01:54:03.679><c> the</c>

01:54:03.830 --> 01:54:03.840 align:start position:0%
Highleberg University to fund the
 

01:54:03.840 --> 01:54:07.350 align:start position:0%
Highleberg University to fund the
Libnets<01:54:04.400><c> chairs</c><01:54:05.520><c> uh</c><01:54:05.679><c> so</c><01:54:05.920><c> I</c><01:54:06.159><c> can</c><01:54:06.320><c> study</c><01:54:07.040><c> high</c>

01:54:07.350 --> 01:54:07.360 align:start position:0%
Libnets chairs uh so I can study high
 

01:54:07.360 --> 01:54:09.589 align:start position:0%
Libnets chairs uh so I can study high
energy<01:54:07.760><c> physics</c><01:54:08.400><c> Derek</c><01:54:08.719><c> Bach</c><01:54:09.040><c> would</c><01:54:09.199><c> say</c><01:54:09.360><c> that</c>

01:54:09.589 --> 01:54:09.599 align:start position:0%
energy physics Derek Bach would say that
 

01:54:09.599 --> 01:54:11.750 align:start position:0%
energy physics Derek Bach would say that
was<01:54:09.760><c> fine</c>

01:54:11.750 --> 01:54:11.760 align:start position:0%
was fine
 

01:54:11.760 --> 01:54:14.470 align:start position:0%
was fine
again<01:54:12.880><c> it's</c><01:54:13.199><c> these</c><01:54:13.520><c> questions</c><01:54:13.840><c> are</c><01:54:14.080><c> questions</c>

01:54:14.470 --> 01:54:14.480 align:start position:0%
again it's these questions are questions
 

01:54:14.480 --> 01:54:16.629 align:start position:0%
again it's these questions are questions
where<01:54:14.880><c> peop</c><01:54:15.360><c> good</c><01:54:15.679><c> people</c><01:54:15.920><c> on</c><01:54:16.159><c> both</c><01:54:16.400><c> sides</c>

01:54:16.629 --> 01:54:16.639 align:start position:0%
where peop good people on both sides
 

01:54:16.639 --> 01:54:18.709 align:start position:0%
where peop good people on both sides
like<01:54:16.800><c> your</c><01:54:17.040><c> Charlottesville</c>

01:54:18.709 --> 01:54:18.719 align:start position:0%
like your Charlottesville
 

01:54:18.719 --> 01:54:21.189 align:start position:0%
like your Charlottesville
could<01:54:19.040><c> differ.</c><01:54:20.000><c> I</c><01:54:20.080><c> I</c><01:54:20.400><c> don't</c><01:54:20.560><c> I</c><01:54:20.800><c> don't</c><01:54:20.960><c> know</c><01:54:21.040><c> the</c>

01:54:21.189 --> 01:54:21.199 align:start position:0%
could differ. I I don't I don't know the
 

01:54:21.199 --> 01:54:22.870 align:start position:0%
could differ. I I don't I don't know the
answer.<01:54:21.440><c> So</c><01:54:21.679><c> tell</c><01:54:21.920><c> so</c><01:54:22.159><c> tell</c><01:54:22.239><c> us</c><01:54:22.480><c> tell</c><01:54:22.639><c> us</c><01:54:22.719><c> the</c>

01:54:22.870 --> 01:54:22.880 align:start position:0%
answer. So tell so tell us tell us the
 

01:54:22.880 --> 01:54:25.030 align:start position:0%
answer. So tell so tell us tell us the
two<01:54:23.119><c> te</c><01:54:23.520><c> give</c><01:54:23.679><c> us</c><01:54:23.840><c> the</c><01:54:24.000><c> two</c><01:54:24.159><c> answers.</c><01:54:24.560><c> What</c><01:54:24.800><c> the</c>

01:54:25.030 --> 01:54:25.040 align:start position:0%
two te give us the two answers. What the
 

01:54:25.040 --> 01:54:26.790 align:start position:0%
two te give us the two answers. What the
one<01:54:25.199><c> answer</c><01:54:25.760><c> why</c><01:54:26.000><c> it</c><01:54:26.239><c> shouldn't</c><01:54:26.400><c> be</c><01:54:26.560><c> and</c><01:54:26.719><c> then</c>

01:54:26.790 --> 01:54:26.800 align:start position:0%
one answer why it shouldn't be and then
 

01:54:26.800 --> 01:54:29.270 align:start position:0%
one answer why it shouldn't be and then
the<01:54:26.960><c> one</c><01:54:27.199><c> answer</c><01:54:27.599><c> Derek</c><01:54:27.920><c> Box</c><01:54:28.159><c> says</c><01:54:28.639><c> I'll</c><01:54:28.880><c> take</c>

01:54:29.270 --> 01:54:29.280 align:start position:0%
the one answer Derek Box says I'll take
 

01:54:29.280 --> 01:54:30.790 align:start position:0%
the one answer Derek Box says I'll take
essentially<01:54:29.599><c> take</c><01:54:29.840><c> cash</c><01:54:30.080><c> from</c><01:54:30.320><c> anybody</c>

01:54:30.790 --> 01:54:30.800 align:start position:0%
essentially take cash from anybody
 

01:54:30.800 --> 01:54:32.310 align:start position:0%
essentially take cash from anybody
because<01:54:30.960><c> I</c><01:54:31.199><c> got</c><01:54:31.280><c> so</c><01:54:31.520><c> many</c><01:54:31.599><c> projects</c><01:54:32.000><c> so</c><01:54:32.159><c> many</c>

01:54:32.310 --> 01:54:32.320 align:start position:0%
because I got so many projects so many
 

01:54:32.320 --> 01:54:33.430 align:start position:0%
because I got so many projects so many
good<01:54:32.480><c> guys</c><01:54:32.639><c> and</c><01:54:32.800><c> this</c><01:54:32.880><c> is</c><01:54:32.960><c> the</c><01:54:33.040><c> way</c><01:54:33.119><c> I'll</c><01:54:33.360><c> do</c>

01:54:33.430 --> 01:54:33.440 align:start position:0%
good guys and this is the way I'll do
 

01:54:33.440 --> 01:54:35.830 align:start position:0%
good guys and this is the way I'll do
it.<01:54:33.760><c> So</c><01:54:34.159><c> I'm</c><01:54:34.400><c> indifferent</c><01:54:35.040><c> to</c><01:54:35.280><c> where</c><01:54:35.440><c> the</c><01:54:35.599><c> cash</c>

01:54:35.830 --> 01:54:35.840 align:start position:0%
it. So I'm indifferent to where the cash
 

01:54:35.840 --> 01:54:37.830 align:start position:0%
it. So I'm indifferent to where the cash
comes<01:54:36.000><c> from.</c><01:54:36.239><c> Money's</c><01:54:36.639><c> money</c><01:54:37.119><c> and</c><01:54:37.360><c> if</c><01:54:37.520><c> I</c><01:54:37.679><c> got</c>

01:54:37.830 --> 01:54:37.840 align:start position:0%
comes from. Money's money and if I got
 

01:54:37.840 --> 01:54:39.990 align:start position:0%
comes from. Money's money and if I got
good<01:54:38.080><c> guys</c><01:54:38.400><c> I'm</c><01:54:38.639><c> the</c><01:54:39.040><c> fiduciary</c><01:54:39.599><c> says</c><01:54:39.840><c> these</c>

01:54:39.990 --> 01:54:40.000 align:start position:0%
good guys I'm the fiduciary says these
 

01:54:40.000 --> 01:54:41.030 align:start position:0%
good guys I'm the fiduciary says these
are<01:54:40.080><c> good</c><01:54:40.239><c> people</c><01:54:40.400><c> and</c><01:54:40.560><c> this</c><01:54:40.719><c> is</c><01:54:40.880><c> good</c>

01:54:41.030 --> 01:54:41.040 align:start position:0%
are good people and this is good
 

01:54:41.040 --> 01:54:44.470 align:start position:0%
are good people and this is good
research.<01:54:41.920><c> Okay,</c><01:54:42.639><c> I'll</c><01:54:42.880><c> take</c><01:54:43.040><c> the</c><01:54:43.280><c> cash</c><01:54:44.080><c> from</c>

01:54:44.470 --> 01:54:44.480 align:start position:0%
research. Okay, I'll take the cash from
 

01:54:44.480 --> 01:54:48.149 align:start position:0%
research. Okay, I'll take the cash from
however<01:54:45.040><c> from</c><01:54:45.360><c> any</c><01:54:45.520><c> source</c><01:54:46.080><c> including</c><01:54:47.280><c> you.</c>

01:54:48.149 --> 01:54:48.159 align:start position:0%
however from any source including you.
 

01:54:48.159 --> 01:54:49.669 align:start position:0%
however from any source including you.
What's<01:54:48.400><c> the</c><01:54:48.560><c> other</c><01:54:48.719><c> argument?</c><01:54:49.360><c> Let</c><01:54:49.520><c> me</c><01:54:49.599><c> give</c>

01:54:49.669 --> 01:54:49.679 align:start position:0%
What's the other argument? Let me give
 

01:54:49.679 --> 01:54:52.709 align:start position:0%
What's the other argument? Let me give
you<01:54:50.000><c> that</c><01:54:50.000><c> that</c><01:54:50.320><c> I</c><01:54:50.560><c> know</c><01:54:50.800><c> in</c><01:54:51.040><c> in</c><01:54:51.199><c> my</c><01:54:51.440><c> case</c><01:54:52.239><c> I've</c>

01:54:52.709 --> 01:54:52.719 align:start position:0%
you that that I know in in my case I've
 

01:54:52.719 --> 01:54:54.390 align:start position:0%
you that that I know in in my case I've
&gt;&gt; Is<01:54:52.880><c> your</c><01:54:53.040><c> money</c><01:54:53.199><c> dirty</c><01:54:53.599><c> money</c>

01:54:54.390 --> 01:54:54.400 align:start position:0%
&gt;&gt; Is your money dirty money
 

01:54:54.400 --> 01:54:55.589 align:start position:0%
&gt;&gt; Is your money dirty money
&gt;&gt; if<01:54:54.560><c> you</c><01:54:54.719><c> live</c>

01:54:55.589 --> 01:54:55.599 align:start position:0%
&gt;&gt; if you live
 

01:54:55.599 --> 01:54:56.790 align:start position:0%
&gt;&gt; if you live
&gt;&gt; I<01:54:55.679><c> just</c><01:54:55.840><c> asked</c><01:54:56.000><c> a</c><01:54:56.159><c> question</c><01:54:56.320><c> is</c><01:54:56.480><c> your</c><01:54:56.560><c> money</c>

01:54:56.790 --> 01:54:56.800 align:start position:0%
&gt;&gt; I just asked a question is your money
 

01:54:56.800 --> 01:54:57.510 align:start position:0%
&gt;&gt; I just asked a question is your money
dirty<01:54:57.119><c> money?</c>

01:54:57.510 --> 01:54:57.520 align:start position:0%
dirty money?
 

01:54:57.520 --> 01:55:00.229 align:start position:0%
dirty money?
&gt;&gt; No<01:54:57.760><c> it's</c><01:54:57.920><c> not.</c><01:54:59.119><c> So</c><01:54:59.520><c> in</c><01:54:59.760><c> fact</c>

01:55:00.229 --> 01:55:00.239 align:start position:0%
&gt;&gt; No it's not. So in fact
 

01:55:00.239 --> 01:55:02.070 align:start position:0%
&gt;&gt; No it's not. So in fact
&gt;&gt; why<01:55:00.480><c> is</c><01:55:00.560><c> it</c><01:55:00.719><c> not</c><01:55:00.880><c> dirty</c><01:55:01.199><c> money?</c>

01:55:02.070 --> 01:55:02.080 align:start position:0%
&gt;&gt; why is it not dirty money?
 

01:55:02.080 --> 01:55:04.709 align:start position:0%
&gt;&gt; why is it not dirty money?
&gt;&gt; Because<01:55:02.320><c> I</c><01:55:02.480><c> I</c><01:55:02.800><c> earned</c><01:55:03.119><c> it</c><01:55:03.760><c> my</c><01:55:04.239><c> heart</c>

01:55:04.709 --> 01:55:04.719 align:start position:0%
&gt;&gt; Because I I earned it my heart
 

01:55:04.719 --> 01:55:07.669 align:start position:0%
&gt;&gt; Because I I earned it my heart
&gt;&gt; but<01:55:04.960><c> you</c><01:55:05.119><c> you</c><01:55:05.520><c> earned</c><01:55:05.840><c> it</c><01:55:07.119><c> you</c><01:55:07.199><c> earned</c><01:55:07.360><c> it.</c><01:55:07.520><c> We</c>

01:55:07.669 --> 01:55:07.679 align:start position:0%
&gt;&gt; but you you earned it you earned it. We
 

01:55:07.679 --> 01:55:09.109 align:start position:0%
&gt;&gt; but you you earned it you earned it. We
went<01:55:07.760><c> back</c><01:55:07.920><c> to</c><01:55:08.000><c> this</c><01:55:08.239><c> before.</c><01:55:08.480><c> You</c><01:55:08.639><c> earned</c><01:55:08.800><c> it</c>

01:55:09.109 --> 01:55:09.119 align:start position:0%
went back to this before. You earned it
 

01:55:09.119 --> 01:55:11.109 align:start position:0%
went back to this before. You earned it
you<01:55:09.360><c> earned</c><01:55:09.599><c> it</c>

01:55:11.109 --> 01:55:11.119 align:start position:0%
you earned it
 

01:55:11.119 --> 01:55:14.550 align:start position:0%
you earned it
advising<01:55:11.760><c> the</c><01:55:12.000><c> worst</c><01:55:12.800><c> people</c><01:55:13.040><c> in</c><01:55:13.280><c> the</c><01:55:13.520><c> world</c>

01:55:14.550 --> 01:55:14.560 align:start position:0%
advising the worst people in the world
 

01:55:14.560 --> 01:55:18.149 align:start position:0%
advising the worst people in the world
right<01:55:15.199><c> that</c><01:55:15.440><c> do</c><01:55:15.760><c> enormous</c><01:55:16.320><c> bad</c><01:55:16.560><c> things.</c><01:55:18.000><c> uh</c>

01:55:18.149 --> 01:55:18.159 align:start position:0%
right that do enormous bad things. uh
 

01:55:18.159 --> 01:55:20.149 align:start position:0%
right that do enormous bad things. uh
and<01:55:18.400><c> just</c><01:55:18.560><c> to</c><01:55:18.719><c> make</c><01:55:18.880><c> more</c><01:55:19.119><c> money.</c>

01:55:20.149 --> 01:55:20.159 align:start position:0%
and just to make more money.
 

01:55:20.159 --> 01:55:22.950 align:start position:0%
and just to make more money.
&gt;&gt; So<01:55:20.880><c> if</c><01:55:21.199><c> I</c><01:55:21.760><c> instead</c><01:55:22.080><c> of</c><01:55:22.239><c> asking</c><01:55:22.560><c> me</c><01:55:22.719><c> the</c>

01:55:22.950 --> 01:55:22.960 align:start position:0%
&gt;&gt; So if I instead of asking me the
 

01:55:22.960 --> 01:55:24.629 align:start position:0%
&gt;&gt; So if I instead of asking me the
question,<01:55:23.280><c> should</c><01:55:23.520><c> you</c><01:55:23.679><c> take</c><01:55:23.840><c> the</c><01:55:24.080><c> money?</c>

01:55:24.629 --> 01:55:24.639 align:start position:0%
question, should you take the money?
 

01:55:24.639 --> 01:55:26.149 align:start position:0%
question, should you take the money?
&gt;&gt; Because<01:55:24.800><c> I</c><01:55:25.040><c> think</c><01:55:25.119><c> it's</c><01:55:25.280><c> a</c><01:55:25.599><c> legitimate</c>

01:55:26.149 --> 01:55:26.159 align:start position:0%
&gt;&gt; Because I think it's a legitimate
 

01:55:26.159 --> 01:55:26.550 align:start position:0%
&gt;&gt; Because I think it's a legitimate
question.

01:55:26.550 --> 01:55:26.560 align:start position:0%
question.
 

01:55:26.560 --> 01:55:27.589 align:start position:0%
question.
&gt;&gt; You<01:55:26.639><c> think</c><01:55:26.719><c> it's</c><01:55:26.880><c> a</c><01:55:27.040><c> legitimate</c><01:55:27.360><c> question?</c>

01:55:27.589 --> 01:55:27.599 align:start position:0%
&gt;&gt; You think it's a legitimate question?
 

01:55:27.599 --> 01:55:30.070 align:start position:0%
&gt;&gt; You think it's a legitimate question?
&gt;&gt; Yes.<01:55:27.920><c> No</c><01:55:28.080><c> question.</c><01:55:28.960><c> Because</c><01:55:29.440><c> what</c><01:55:29.679><c> I</c><01:55:29.920><c> because</c>

01:55:30.070 --> 01:55:30.080 align:start position:0%
&gt;&gt; Yes. No question. Because what I because
 

01:55:30.080 --> 01:55:32.390 align:start position:0%
&gt;&gt; Yes. No question. Because what I because
I<01:55:30.239><c> think</c><01:55:30.400><c> about</c><01:55:30.800><c> I</c><01:55:31.040><c> think</c><01:55:31.599><c> you</c><01:55:31.760><c> have</c><01:55:31.920><c> to</c><01:55:32.080><c> ethics</c>

01:55:32.390 --> 01:55:32.400 align:start position:0%
I think about I think you have to ethics
 

01:55:32.400 --> 01:55:34.470 align:start position:0%
I think about I think you have to ethics
is<01:55:32.639><c> always</c><01:55:32.800><c> a</c><01:55:32.960><c> complicated</c><01:55:33.440><c> subject.</c><01:55:34.080><c> But</c><01:55:34.320><c> I</c>

01:55:34.470 --> 01:55:34.480 align:start position:0%
is always a complicated subject. But I
 

01:55:34.480 --> 01:55:37.270 align:start position:0%
is always a complicated subject. But I
can<01:55:34.639><c> tell</c><01:55:34.719><c> you</c><01:55:34.880><c> that</c><01:55:35.520><c> with</c><01:55:35.760><c> the</c><01:55:36.000><c> money</c><01:55:36.239><c> I</c><01:55:36.480><c> gave</c>

01:55:37.270 --> 01:55:37.280 align:start position:0%
can tell you that with the money I gave
 

01:55:37.280 --> 01:55:40.470 align:start position:0%
can tell you that with the money I gave
to<01:55:37.599><c> help</c><01:55:37.920><c> try</c><01:55:38.080><c> to</c><01:55:38.400><c> eradicate</c><01:55:38.880><c> polio</c>

01:55:40.470 --> 01:55:40.480 align:start position:0%
to help try to eradicate polio
 

01:55:40.480 --> 01:55:43.990 align:start position:0%
to help try to eradicate polio
in<01:55:41.119><c> Pakistan</c><01:55:41.679><c> and</c><01:55:42.000><c> India,</c><01:55:42.960><c> instead</c><01:55:43.280><c> of</c><01:55:43.520><c> asking</c>

01:55:43.990 --> 01:55:44.000 align:start position:0%
in Pakistan and India, instead of asking
 

01:55:44.000 --> 01:55:46.550 align:start position:0%
in Pakistan and India, instead of asking
me<01:55:44.560><c> whether</c><01:55:44.960><c> that</c><01:55:45.280><c> money</c><01:55:45.599><c> was</c><01:55:46.080><c> should</c><01:55:46.320><c> be</c>

01:55:46.550 --> 01:55:46.560 align:start position:0%
me whether that money was should be
 

01:55:46.560 --> 01:55:49.830 align:start position:0%
me whether that money was should be
given<01:55:46.960><c> to</c><01:55:47.280><c> these</c><01:55:47.599><c> children</c><01:55:48.239><c> for</c><01:55:48.560><c> vaccines,</c><01:55:49.599><c> I</c>

01:55:49.830 --> 01:55:49.840 align:start position:0%
given to these children for vaccines, I
 

01:55:49.840 --> 01:55:50.950 align:start position:0%
given to these children for vaccines, I
think<01:55:49.920><c> you</c><01:55:50.080><c> might</c><01:55:50.320><c> want</c><01:55:50.400><c> to</c><01:55:50.560><c> ask</c><01:55:50.719><c> their</c>

01:55:50.950 --> 01:55:50.960 align:start position:0%
think you might want to ask their
 

01:55:50.960 --> 01:55:54.229 align:start position:0%
think you might want to ask their
mothers<01:55:51.920><c> who</c><01:55:52.320><c> who</c><01:55:52.719><c> received</c><01:55:53.119><c> the</c><01:55:53.360><c> vaccine</c><01:55:54.000><c> who</c>

01:55:54.229 --> 01:55:54.239 align:start position:0%
mothers who who received the vaccine who
 

01:55:54.239 --> 01:55:57.350 align:start position:0%
mothers who who received the vaccine who
know<01:55:54.400><c> their</c><01:55:54.719><c> child</c><01:55:55.040><c> now</c><01:55:55.360><c> won't</c><01:55:55.679><c> get</c><01:55:55.920><c> polio</c><01:55:56.880><c> and</c>

01:55:57.350 --> 01:55:57.360 align:start position:0%
know their child now won't get polio and
 

01:55:57.360 --> 01:56:00.229 align:start position:0%
know their child now won't get polio and
ask<01:55:57.679><c> them</c><01:55:57.920><c> if</c><01:55:58.480><c> Epstein</c><01:55:59.040><c> should</c><01:55:59.199><c> have</c><01:55:59.920><c> helped</c>

01:56:00.229 --> 01:56:00.239 align:start position:0%
ask them if Epstein should have helped
 

01:56:00.239 --> 01:56:02.870 align:start position:0%
ask them if Epstein should have helped
these<01:56:00.560><c> people.</c><01:56:01.440><c> If</c><01:56:01.679><c> we</c><01:56:01.840><c> walked</c><01:56:02.239><c> if</c><01:56:02.480><c> we</c><01:56:02.639><c> walked</c>

01:56:02.870 --> 01:56:02.880 align:start position:0%
these people. If we walked if we walked
 

01:56:02.880 --> 01:56:04.629 align:start position:0%
these people. If we walked if we walked
in<01:56:03.280><c> you're</c><01:56:03.520><c> you're</c><01:56:03.679><c> a</c><01:56:03.840><c> mathematician</c><01:56:04.480><c> you're</c>

01:56:04.629 --> 01:56:04.639 align:start position:0%
in you're you're a mathematician you're
 

01:56:04.639 --> 01:56:06.709 align:start position:0%
in you're you're a mathematician you're
a<01:56:04.719><c> ma</c><01:56:05.360><c> you're</c><01:56:05.599><c> a</c><01:56:05.679><c> mathematician.</c><01:56:06.320><c> We</c><01:56:06.480><c> walked</c>

01:56:06.709 --> 01:56:06.719 align:start position:0%
a ma you're a mathematician. We walked
 

01:56:06.719 --> 01:56:08.310 align:start position:0%
a ma you're a mathematician. We walked
into<01:56:06.960><c> that</c><01:56:07.199><c> clinic</c>

01:56:08.310 --> 01:56:08.320 align:start position:0%
into that clinic
 

01:56:08.320 --> 01:56:09.750 align:start position:0%
into that clinic
&gt;&gt; where<01:56:08.560><c> they're</c><01:56:08.719><c> giving</c><01:56:08.960><c> that</c><01:56:09.199><c> money</c><01:56:09.440><c> out</c><01:56:09.599><c> to</c>

01:56:09.750 --> 01:56:09.760 align:start position:0%
&gt;&gt; where they're giving that money out to
 

01:56:09.760 --> 01:56:11.750 align:start position:0%
&gt;&gt; where they're giving that money out to
these<01:56:10.000><c> people</c><01:56:10.159><c> that</c><01:56:10.400><c> are</c><01:56:10.400><c> in</c><01:56:10.880><c> the</c><01:56:11.280><c> most</c><01:56:11.440><c> dire</c>

01:56:11.750 --> 01:56:11.760 align:start position:0%
these people that are in the most dire
 

01:56:11.760 --> 01:56:14.709 align:start position:0%
these people that are in the most dire
rates<01:56:12.000><c> of</c><01:56:12.159><c> poverty</c><01:56:12.480><c> and</c><01:56:12.719><c> and</c><01:56:12.719><c> and</c><01:56:13.520><c> sickness</c>

01:56:14.709 --> 01:56:14.719 align:start position:0%
rates of poverty and and and sickness
 

01:56:14.719 --> 01:56:16.550 align:start position:0%
rates of poverty and and and sickness
and<01:56:15.040><c> told</c><01:56:15.280><c> them</c><01:56:15.520><c> that</c><01:56:15.760><c> the</c><01:56:16.000><c> money</c><01:56:16.159><c> was</c><01:56:16.400><c> coming</c>

01:56:16.550 --> 01:56:16.560 align:start position:0%
and told them that the money was coming
 

01:56:16.560 --> 01:56:18.629 align:start position:0%
and told them that the money was coming
from<01:56:16.880><c> a</c><01:56:17.199><c> what</c><01:56:17.360><c> are</c><01:56:17.440><c> you</c><01:56:17.679><c> class</c><01:56:18.000><c> three</c><01:56:18.239><c> sexual</c>

01:56:18.629 --> 01:56:18.639 align:start position:0%
from a what are you class three sexual
 

01:56:18.639 --> 01:56:19.830 align:start position:0%
from a what are you class three sexual
predator?

01:56:19.830 --> 01:56:19.840 align:start position:0%
predator?
 

01:56:19.840 --> 01:56:20.550 align:start position:0%
predator?
&gt;&gt; Tier<01:56:20.159><c> one.</c>

01:56:20.550 --> 01:56:20.560 align:start position:0%
&gt;&gt; Tier one.
 

01:56:20.560 --> 01:56:22.310 align:start position:0%
&gt;&gt; Tier one.
&gt;&gt; Your<01:56:20.880><c> was</c><01:56:21.040><c> tier</c><01:56:21.360><c> tier</c><01:56:21.599><c> one's</c><01:56:21.840><c> the</c><01:56:21.920><c> highest</c><01:56:22.159><c> and</c>

01:56:22.310 --> 01:56:22.320 align:start position:0%
&gt;&gt; Your was tier tier one's the highest and
 

01:56:22.320 --> 01:56:22.709 align:start position:0%
&gt;&gt; Your was tier tier one's the highest and
worst.

01:56:22.709 --> 01:56:22.719 align:start position:0%
worst.
 

01:56:22.719 --> 01:56:24.470 align:start position:0%
worst.
&gt;&gt; No<01:56:23.199><c> I'm</c><01:56:24.000><c> the</c><01:56:24.080><c> lowest.</c>

01:56:24.470 --> 01:56:24.480 align:start position:0%
&gt;&gt; No I'm the lowest.
 

01:56:24.480 --> 01:56:25.669 align:start position:0%
&gt;&gt; No I'm the lowest.
&gt;&gt; You're<01:56:24.639><c> the</c><01:56:24.719><c> lowest.</c><01:56:24.960><c> Okay.</c><01:56:25.119><c> Tier</c><01:56:25.360><c> one</c><01:56:25.520><c> you're</c>

01:56:25.669 --> 01:56:25.679 align:start position:0%
&gt;&gt; You're the lowest. Okay. Tier one you're
 

01:56:25.679 --> 01:56:26.709 align:start position:0%
&gt;&gt; You're the lowest. Okay. Tier one you're
the<01:56:25.840><c> lowest.</c>

01:56:26.709 --> 01:56:26.719 align:start position:0%
the lowest.
 

01:56:26.719 --> 01:56:28.550 align:start position:0%
the lowest.
&gt;&gt; Um<01:56:27.520><c> but</c><01:56:27.760><c> a</c><01:56:27.920><c> criminal.</c>

01:56:28.550 --> 01:56:28.560 align:start position:0%
&gt;&gt; Um but a criminal.
 

01:56:28.560 --> 01:56:30.870 align:start position:0%
&gt;&gt; Um but a criminal.
&gt;&gt; Yes.<01:56:28.960><c> that</c><01:56:29.199><c> the</c><01:56:29.360><c> money</c><01:56:29.520><c> came</c><01:56:29.679><c> from</c><01:56:30.080><c> what</c><01:56:30.480><c> what</c>

01:56:30.870 --> 01:56:30.880 align:start position:0%
&gt;&gt; Yes. that the money came from what what
 

01:56:30.880 --> 01:56:33.109 align:start position:0%
&gt;&gt; Yes. that the money came from what what
percentage<01:56:31.280><c> of</c><01:56:31.440><c> people</c><01:56:31.840><c> do</c><01:56:32.080><c> you</c><01:56:32.239><c> estimate</c><01:56:32.960><c> I</c>

01:56:33.109 --> 01:56:33.119 align:start position:0%
percentage of people do you estimate I
 

01:56:33.119 --> 01:56:34.470 align:start position:0%
percentage of people do you estimate I
understand<01:56:33.360><c> you</c><01:56:33.520><c> don't</c><01:56:33.679><c> like</c><01:56:33.760><c> proville</c><01:56:34.320><c> do</c>

01:56:34.470 --> 01:56:34.480 align:start position:0%
understand you don't like proville do
 

01:56:34.480 --> 01:56:36.870 align:start position:0%
understand you don't like proville do
you<01:56:34.560><c> estimate</c><01:56:35.280><c> would</c><01:56:35.599><c> say</c><01:56:36.159><c> I</c><01:56:36.400><c> don't</c><01:56:36.560><c> care</c><01:56:36.719><c> I</c>

01:56:36.870 --> 01:56:36.880 align:start position:0%
you estimate would say I don't care I
 

01:56:36.880 --> 01:56:38.390 align:start position:0%
you estimate would say I don't care I
want<01:56:36.960><c> the</c><01:56:37.119><c> money</c><01:56:37.280><c> for</c><01:56:37.440><c> my</c><01:56:37.679><c> children</c>

01:56:38.390 --> 01:56:38.400 align:start position:0%
want the money for my children
 

01:56:38.400 --> 01:56:40.070 align:start position:0%
want the money for my children
&gt;&gt; I<01:56:38.639><c> would</c><01:56:38.800><c> say</c><01:56:39.040><c> everyone</c><01:56:39.440><c> said</c><01:56:39.679><c> I</c><01:56:39.840><c> want</c><01:56:39.920><c> the</c>

01:56:40.070 --> 01:56:40.080 align:start position:0%
&gt;&gt; I would say everyone said I want the
 

01:56:40.080 --> 01:56:40.870 align:start position:0%
&gt;&gt; I would say everyone said I want the
money<01:56:40.239><c> for</c><01:56:40.400><c> my</c><01:56:40.560><c> children</c>

01:56:40.870 --> 01:56:40.880 align:start position:0%
money for my children
 

01:56:40.880 --> 01:56:42.470 align:start position:0%
money for my children
&gt;&gt; did<01:56:41.040><c> they</c><01:56:41.199><c> know</c><01:56:41.280><c> where</c><01:56:41.440><c> the</c><01:56:41.599><c> money</c><01:56:41.840><c> came</c><01:56:42.000><c> from</c>

01:56:42.470 --> 01:56:42.480 align:start position:0%
&gt;&gt; did they know where the money came from
 

01:56:42.480 --> 01:56:44.870 align:start position:0%
&gt;&gt; did they know where the money came from
&gt;&gt; if<01:56:42.800><c> I</c><01:56:43.040><c> think</c><01:56:43.199><c> if</c><01:56:43.360><c> you</c><01:56:43.440><c> told</c><01:56:43.599><c> them</c><01:56:44.560><c> I</c><01:56:44.639><c> told</c><01:56:44.719><c> them</c>

01:56:44.870 --> 01:56:44.880 align:start position:0%
&gt;&gt; if I think if you told them I told them
 

01:56:44.880 --> 01:56:46.390 align:start position:0%
&gt;&gt; if I think if you told them I told them
the<01:56:44.960><c> devil%</c><01:56:45.760><c> the</c><01:56:46.000><c> devil</c>

01:56:46.390 --> 01:56:46.400 align:start position:0%
the devil% the devil
 

01:56:46.400 --> 01:56:46.950 align:start position:0%
the devil% the devil
&gt;&gt; himself

01:56:46.950 --> 01:56:46.960 align:start position:0%
&gt;&gt; himself
 

01:56:46.960 --> 01:56:48.629 align:start position:0%
&gt;&gt; himself
&gt;&gt; the<01:56:47.199><c> devil</c><01:56:47.440><c> himself</c><01:56:47.840><c> said</c><01:56:48.159><c> I'm</c><01:56:48.400><c> going</c><01:56:48.480><c> to</c>

01:56:48.629 --> 01:56:48.639 align:start position:0%
&gt;&gt; the devil himself said I'm going to
 

01:56:48.639 --> 01:56:50.870 align:start position:0%
&gt;&gt; the devil himself said I'm going to
exchange<01:56:49.119><c> some</c><01:56:49.360><c> dollars</c><01:56:49.679><c> for</c><01:56:49.920><c> you</c><01:56:50.480><c> to</c><01:56:50.719><c> your</c>

01:56:50.870 --> 01:56:50.880 align:start position:0%
exchange some dollars for you to your
 

01:56:50.880 --> 01:56:51.589 align:start position:0%
exchange some dollars for you to your
child's<01:56:51.199><c> life</c>

01:56:51.589 --> 01:56:51.599 align:start position:0%
child's life
 

01:56:51.599 --> 01:56:54.950 align:start position:0%
child's life
&gt;&gt; do<01:56:51.760><c> you</c><01:56:51.840><c> think</c><01:56:52.000><c> you're</c><01:56:52.159><c> the</c><01:56:52.320><c> devil</c><01:56:52.560><c> himself</c>

01:56:54.950 --> 01:56:54.960 align:start position:0%
&gt;&gt; do you think you're the devil himself
 

01:56:54.960 --> 01:56:57.910 align:start position:0%
&gt;&gt; do you think you're the devil himself
&gt;&gt; no<01:56:55.199><c> but</c><01:56:55.360><c> I</c><01:56:55.440><c> I</c><01:56:55.760><c> do</c><01:56:55.920><c> have</c><01:56:56.000><c> a</c><01:56:56.159><c> good</c><01:56:56.320><c> mirror</c>

01:56:57.910 --> 01:56:57.920 align:start position:0%
&gt;&gt; no but I I do have a good mirror
 

01:56:57.920 --> 01:56:59.910 align:start position:0%
&gt;&gt; no but I I do have a good mirror
&gt;&gt; it's<01:56:58.159><c> a</c><01:56:58.320><c> serious</c><01:56:58.719><c> question.</c><01:56:59.040><c> Do</c><01:56:59.199><c> you</c><01:56:59.599><c> do</c><01:56:59.840><c> you</c>

01:56:59.910 --> 01:56:59.920 align:start position:0%
&gt;&gt; it's a serious question. Do you do you
 

01:56:59.920 --> 01:57:01.750 align:start position:0%
&gt;&gt; it's a serious question. Do you do you
think<01:57:00.080><c> you're</c><01:57:00.320><c> the</c><01:57:00.480><c> devil</c><01:57:00.800><c> himself?</c>

01:57:01.750 --> 01:57:01.760 align:start position:0%
think you're the devil himself?
 

01:57:01.760 --> 01:57:03.589 align:start position:0%
think you're the devil himself?
&gt;&gt; I<01:57:02.080><c> know.</c><01:57:02.320><c> Why</c><01:57:02.480><c> would</c><01:57:02.560><c> you</c><01:57:02.719><c> say</c><01:57:02.800><c> that?</c>

01:57:03.589 --> 01:57:03.599 align:start position:0%
&gt;&gt; I know. Why would you say that?
 

01:57:03.599 --> 01:57:05.109 align:start position:0%
&gt;&gt; I know. Why would you say that?
&gt;&gt; Because<01:57:03.920><c> you</c><01:57:04.080><c> have</c><01:57:04.239><c> all</c><01:57:04.400><c> the</c><01:57:04.560><c> attributes.</c>

01:57:05.109 --> 01:57:05.119 align:start position:0%
&gt;&gt; Because you have all the attributes.
 

01:57:05.119 --> 01:57:06.550 align:start position:0%
&gt;&gt; Because you have all the attributes.
You're<01:57:05.360><c> incredibly</c><01:57:05.840><c> smart.</c><01:57:06.159><c> You</c><01:57:06.320><c> remember</c>

01:57:06.550 --> 01:57:06.560 align:start position:0%
You're incredibly smart. You remember
 

01:57:06.560 --> 01:57:08.629 align:start position:0%
You're incredibly smart. You remember
the<01:57:06.719><c> devil</c><01:57:06.960><c> is</c><01:57:07.119><c> somebody</c><01:57:07.360><c> knows</c><01:57:07.679><c> what</c><01:57:08.080><c> the</c><01:57:08.480><c> the</c>

01:57:08.629 --> 01:57:08.639 align:start position:0%
the devil is somebody knows what the the
 

01:57:08.639 --> 01:57:10.790 align:start position:0%
the devil is somebody knows what the the
devil's<01:57:09.119><c> brilliant.</c><01:57:09.760><c> You</c><01:57:09.920><c> read</c><01:57:10.159><c> Milton's</c><01:57:10.639><c> you</c>

01:57:10.790 --> 01:57:10.800 align:start position:0%
devil's brilliant. You read Milton's you
 

01:57:10.800 --> 01:57:12.550 align:start position:0%
devil's brilliant. You read Milton's you
read<01:57:10.960><c> Milton's</c><01:57:11.520><c> Paradise</c><01:57:11.920><c> Lost.</c>

01:57:12.550 --> 01:57:12.560 align:start position:0%
read Milton's Paradise Lost.
 

01:57:12.560 --> 01:57:13.830 align:start position:0%
read Milton's Paradise Lost.
&gt;&gt; No,<01:57:12.719><c> the</c><01:57:12.800><c> devil</c><01:57:13.119><c> scares</c><01:57:13.360><c> me.</c>

01:57:13.830 --> 01:57:13.840 align:start position:0%
&gt;&gt; No, the devil scares me.
 

01:57:13.840 --> 01:57:17.189 align:start position:0%
&gt;&gt; No, the devil scares me.
&gt;&gt; This<01:57:14.480><c> Satan</c><01:57:14.800><c> is</c><01:57:15.119><c> Satan</c><01:57:15.520><c> is</c><01:57:15.760><c> the</c><01:57:16.000><c> is</c><01:57:16.239><c> the</c><01:57:16.880><c> he</c><01:57:17.199><c> he</c>

01:57:17.189 --> 01:57:17.199 align:start position:0%
&gt;&gt; This Satan is Satan is the is the he he
 

01:57:17.199 --> 01:57:21.750 align:start position:0%
&gt;&gt; This Satan is Satan is the is the he he
he<01:57:17.760><c> is</c><01:57:17.840><c> the</c><01:57:19.119><c> he</c><01:57:19.360><c> is</c><01:57:19.599><c> at</c><01:57:19.840><c> the</c><01:57:20.639><c> number</c><01:57:21.119><c> one</c><01:57:21.360><c> or</c><01:57:21.520><c> two</c>

01:57:21.750 --> 01:57:21.760 align:start position:0%
he is the he is at the number one or two
 

01:57:21.760 --> 01:57:25.830 align:start position:0%
he is the he is at the number one or two
archangel.<01:57:23.119><c> And</c><01:57:23.280><c> the</c><01:57:23.520><c> reason</c><01:57:24.960><c> he</c><01:57:25.440><c> goes</c><01:57:25.679><c> to</c>

01:57:25.830 --> 01:57:25.840 align:start position:0%
archangel. And the reason he goes to
 

01:57:25.840 --> 01:57:28.070 align:start position:0%
archangel. And the reason he goes to
hell<01:57:26.000><c> and</c><01:57:26.159><c> leads</c><01:57:26.400><c> the</c><01:57:26.639><c> rebellion</c><01:57:27.599><c> is</c><01:57:27.920><c> because</c>

01:57:28.070 --> 01:57:28.080 align:start position:0%
hell and leads the rebellion is because
 

01:57:28.080 --> 01:57:29.910 align:start position:0%
hell and leads the rebellion is because
he<01:57:28.320><c> can't</c><01:57:28.480><c> be</c><01:57:28.560><c> the</c><01:57:28.800><c> top</c><01:57:28.960><c> guy.</c>

01:57:29.910 --> 01:57:29.920 align:start position:0%
he can't be the top guy.
 

01:57:29.920 --> 01:57:31.669 align:start position:0%
he can't be the top guy.
&gt;&gt; And<01:57:30.080><c> his</c><01:57:30.320><c> thing</c><01:57:30.400><c> is,</c><01:57:30.639><c> I'd</c><01:57:30.800><c> rather</c><01:57:31.199><c> I'd</c><01:57:31.440><c> rather</c>

01:57:31.669 --> 01:57:31.679 align:start position:0%
&gt;&gt; And his thing is, I'd rather I'd rather
 

01:57:31.679 --> 01:57:33.589 align:start position:0%
&gt;&gt; And his thing is, I'd rather I'd rather
reign<01:57:31.920><c> in</c><01:57:32.080><c> hell</c><01:57:32.320><c> than</c><01:57:32.560><c> serve</c><01:57:32.800><c> in</c><01:57:33.040><c> heaven.</c>

01:57:33.589 --> 01:57:33.599 align:start position:0%
reign in hell than serve in heaven.
 

01:57:33.599 --> 01:57:35.910 align:start position:0%
reign in hell than serve in heaven.
&gt;&gt; I<01:57:33.840><c> saw</c><01:57:34.080><c> that</c><01:57:34.320><c> in</c><01:57:34.480><c> a</c><01:57:34.719><c> movie</c><01:57:34.880><c> once</c><01:57:35.599><c> called</c>

01:57:35.910 --> 01:57:35.920 align:start position:0%
&gt;&gt; I saw that in a movie once called
 

01:57:35.920 --> 01:57:37.910 align:start position:0%
&gt;&gt; I saw that in a movie once called
American<01:57:36.320><c> Dharma.</c><01:57:36.719><c> I</c><01:57:36.960><c> don't</c><01:57:37.119><c> remember</c><01:57:37.679><c> who</c>

01:57:37.910 --> 01:57:37.920 align:start position:0%
American Dharma. I don't remember who
 

01:57:37.920 --> 01:57:40.390 align:start position:0%
American Dharma. I don't remember who
said<01:57:38.159><c> it.</c><01:57:38.719><c> Okay,</c><01:57:39.119><c> we</c><01:57:39.360><c> have</c><01:57:39.440><c> to</c><01:57:39.599><c> go.</c><01:57:40.239><c> Okay,</c>

01:57:40.390 --> 01:57:40.400 align:start position:0%
said it. Okay, we have to go. Okay,
 

01:57:40.400 --> 01:57:44.760 align:start position:0%
said it. Okay, we have to go. Okay,
good.<01:57:40.639><c> Okay,</c><01:57:41.360><c> that</c><01:57:41.599><c> was</c><01:57:41.760><c> good.</c>