The Philip DeFranco Show - PDS 2.25 “RELEASE THE FILES!” Trump’s Epstein Files Controversy & Whats Really Going On with DOGE?
Episode Date: February 25, 2025Subscribe for New shows every Monday, Tuesday, Wednesday, & Thursday @ 6pm ET/3pm PST & watch more here: https://youtu.be/WQ3Rr-Sebuc?si=KKdo1sAPedu3WMRa&list=PLHcsGizlfLMWpSg7i0b9wnUyEZWI-25N3&index=...1 Use code “PHIL” for $20 OFF your first SeatGeek order & returning buyers use code “PDS” for $10 off AND your chance at weekly $500 prizes! https://seatgeek.onelink.me/RrnK/PHIL Get an exclusive NordVPN deal here https://nordvpn.com/phil It's risk-free with Nord's 30-day money-back guarantee! Don't miss out on your https://BeautifulBastard.com Feb Feelings Drop! 7 New Tees & Hoodies – ✩ TODAY’S STORIES ✩ – 00:00 - Pressure Mounts for FBI to Release Epstein Files 03:17 - Chaos Over Musk Email Request & DOGE Accounting Has Serious Errors 13:23 - Sponsored by SeatGeek 14:21 - Fyre Fest 2 Set for Mexico 18:57 - North Korean Hackers Get $1.4B in Biggest Crypto Heist Ever 22:11 - Sponsored by NordVPN 23:21 - Judge Upholds White House Ban on AP but Urges Government to Reconsider 27:23 - Comment Commentary —————————— Produced by: Cory Ray Edited by: James Girardier, Maxwell Enright, Julie Goldberg, Christian Meeks, Matthew Henry Art Department: William Crespo Writing/Research: Philip DeFranco, Brian Espinoza, Lili Stenn, Maddie Crichton, Chris Tolve, Star Pralle, Jared Paolino ———————————— For more Philip DeFranco: Apple Podcasts: https://podcasts.apple.com/us/podcast/the-philip-defranco-show/id1278424954 Spotify: https://open.spotify.com/show/6ESemquRbz6f8XLVywdZ2V Twitter: https://x.com/PhillyD Instagram: https://instagram.com/PhillyDeFranco Newsletter: https://www.dailydip.co TikTok: https://www.tiktok.com/@philipdefranco?lang=en ———————————— #DeFranco #JonStewart #JeffreyEpstein ———————————— Learn more about your ad choices. Visit megaphone.fm/adchoices
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and terms apply. Instacart, groceries that over-deliver. Amid growing calls to release
the Epstein files, questions are now being raised as to why they haven't actually been released yet
since Trump got his attorney general in place. And she said five days ago that she had the Epstein
client list on her desk. Fire Festival 2 is a go if you're willing to risk your money and or
dignity. We've got North Korea's wild $1 a half billion dollar crypto heist. And we need to
talk about what many have called mistakes, lies, and or misleading claims being said about Doge
today. We're talking about all that and much more on today's brand new Philip DeFranco show.
You daily dive into the news, how it's being covered, and how people are reacting to it,
starting with this. Where are the Jeffrey Epstein files? That is a question a lot of people are
asking right now for a number of reasons, starting with this. Where are the Jeffrey Epstein files? That is a question a lot of people are asking right now
for a number of reasons, starting with a call
from Republican Senator Marsha Blackburn.
With Blackburn writing a letter to FBI Director
Kash Patel requesting that in line
with his stated commitment to transparency,
he release complete flight logs from Epstein's private jet
and helicopter, Ghislaine Maxwell's little black book,
as well as any other records she had that contained
the names of her or Epstein's associates,
video surveillance footage from Epstein's Palm Beach residence, and any other documents or
records related to these matters. With Blackburn then also writing,
Over the course of many years, Jeffrey Epstein built a heinous global sex trafficking network
that caused irreparable harm to countless women. But then adding, since Mr. Epstein's death in 2019,
there is still much about this tragic case that is not known. And saying,
This critical information identifying every individual
who could have participated in Jeffrey Epstein's abhorrent conduct is long overdue.
The survivors of Mr. Epstein's horrific crimes want transparency and accountability,
and they and the American people deserve nothing less.
With Blackburn also condemning the previous FBI director, Christopher Wray,
claiming he did not release information when asked.
And Blackburn here also cc'd Attorney General Pam Bondi on that letter,
which is notable because just last week, Bondi said during a Fox News appearance that Epstein's client list was
sitting on her desk to review. So now you've some asking, okay, so where is it, right? When does the
public get it? And why is there a holdup? With those questions notably not just coming from
people on the internet, but coming from a lot of conservative politicians asking not just for the
Epstein files, but information on other high profile cases. With, for example, Florida Rep
Anna Paulina Luna writing that there have been multiple requests to the DOJ about the Epstein files, but information on other high profile cases. With, for example, Florida Rep. Anna Paulina Luna writing that there have been multiple requests to the DOJ about the
Epstein files, but saying the DOJ has not responded, reaching out on X because we can't
seem to get a response from the AG. AG Pambondi, what is the status of the documents? These
documents were ordered to be declassified. And this is there's also pressure coming from Democrats
as well, with the likes of Representative Ilhan Omar tweeting this morning, the AG still not releasing the Epstein files is weird
and raises the question of who she might be protecting,
with her implication there seeming to be President Trump.
And you know that because there have been tons
of reporting on Trump and Epstein's previous friendship,
leading to tons of speculation
about what he did or did not know.
With that, of course, just being one
of the many Epstein-related theories and rumors,
but also this morning,
you had tons of people resurfacing reports of their ties,
which you may have noticed if you hopped
into the dumpster fire this morning,
Epstein was the number one trending topic on X today
amid these demands for the files to be released.
Though also seemingly another reason why it was trending
was because commentator, Bennie Johnson,
posted a claim from a source who said that the FBI
is destroying files, including potentially ones
related to Epstein.
And while that clip has gone very viral,
as of recording, no major outlet has corroborated it
or even reported on it.
So even though it's getting a ton of attention,
I will say it is unverified.
But notably, that hasn't stopped politicians
and Elon Musk from sharing posts about it.
With this, as Musk has also tweeted
in support of Marsha Blackburn's efforts
and letter to the FBI.
With, of course, all of this then adding
to the online pressure mounting for Bonzi
and other officials to follow through
and release the files.
But for now, we're gonna have to wait to see
how all this plays out on several different fronts.
But then next up, it's your daily dose of doge.
Starting with the fact that things have somehow
gotten even messier and more chaotic with Musk's whole,
what did you do last week email to federal employees?
We talked about it on the show yesterday.
Musk made a post on Saturday saying
that all 2.3 million federal workers
would be sent an email requesting
that they detail what they did last week.
With Musk saying failure to respond
will be taken as resignation,
with then the HR arm of the Office of Personnel Management
sending an email asking employees
to write five bullet points
about what they accomplished last week,
though notably it said absolutely nothing
about Musk's threat regarding failure to respond,
with it then just being utter chaos, right?
Many of the agencies led by newly installed Trump appointees
explicitly told their charges to ignore the email
or that the response was voluntary.
But then you also had other agencies telling their workers
that they had to respond still
or strongly encouraged them to do so.
Then Trump in a press conference yesterday afternoon
falsely claiming that the only agencies
that weren't complying were the ones that dealt
with confidential matters of security like the FBI.
With him then adding to the confusion
by contradicting what so many of his appointees
had told their employees and claimed that the workers
who didn't respond to the email would be sort of semi-fired or you're fired.
But you're just gonna ask as an employer,
what the fuck is semi-fired?
But with it seemingly impossible to get any more confusing,
it then somehow did.
Because the Washington Post reported yesterday afternoon
that OPM, the same agency that sent the first email,
told HR leaders of other federal agencies
that their employees could ignore the email
and they wouldn't lose their jobs.
With that reportedly coming from three different sources
who were familiar with the matter.
And specifically, one of those sources told the outlet
that this latest directive
was given in a call midday yesterday.
With the second person briefed on the call adding
that OPM wasn't actually sure what to do
with the emails of employees who already responded,
but claiming the agency had no plans to analyze them.
But key thing here,
the Post reported that the OPM call actually took place shortly
before Trump made his confusing comments
about workers getting sort of semi-fired.
And later in the day, after our Monday show was up,
we saw Musk doubling down on his threat again,
writing on X, subject to the discretion of the president,
they will be given another chance.
Failure to respond a second time will result in termination.
But then, later that same evening,
the OPM published a memo providing guidance
on the what do you do last week email.
There the agency said that basically people should respond,
but that decision is ultimately up to each agency.
Writing, agency heads may exclude personnel
from this expectation at their discretion
and should inform OPM of the categories
of the employees excluded and reasons for exclusion.
Adding, it is agency leadership's decision
as to what actions are taken against those who don't respond.
So based on the language there,
it seems like people will not get fired for not replying
unless they work for an agency
that decides to require their response.
Again, as we talked about yesterday,
there are a lot of legal implications
that could complicate that.
Regardless, what we're seeing here is a situation
where you have the OPM, which should be the bottom line,
saying one thing to agency leaders
while Trump and Musk are saying
something totally different to the public.
So you have people wondering, you know,
are these two just trying to spin this situation
to make it look like they're firing more people
than they really are, or is this a real threat?
And that, in part, because we've seen time and time again
how much influence Musk has over Trump
and how he actually administers policy.
And so that is essentially the update to the email chaos,
but then on the note of Musk
potentially trying to spin all of this
to make it seem like he's doing more than he actually is,
we should also talk about the fact that there have been some massive errors with Doge's only public accounting of its work because over the last
week or so numerous outlets have reported a number of serious flaws with Doge's so-called wall of receipts
Which is a new tracker of all the savings the agency is claiming that it's made through staff reductions lease cancellations and terminated contracts
When Doge first made the tracker live, the website claimed that the agency
had saved the federal government $55 billion.
While there's been a lot of media coverage
unpacking those claims,
one of the most thorough and well-explained pieces
came from the New York Times.
With the seeing the Times reviewing
hundreds of federal contracts
and interviewing both experts
and the recipients of canceled contracts
to reveal that the math behind Doge's numbers,
quote, is marred with accounting errors,
incorrect assumptions, outdated data and other mistakes.
Now with this, one thing that I do wanna note here
is that since the Times published their story,
Doge has since updated the tracker
and is now claiming that it has saved the government
$65 billion.
But it appears that the Times' analysis still stands
because it is based on systemic issues
with Doge's accounting that haven't changed
and have also been backed up
by numerous other reporters and experts.
I wanted to mention that because one,
there has been an update and two, because their analysis
is based on the initial $55 billion figure,
which is what we're gonna be drawing for
for the purposes of this story.
So with that said, diving into it,
right off the bat,
arguably one of the biggest overarching issues here
is that despite repeated promises of transparency,
there's actually no way to account
for the vast majority of the $55 billion
that Doge claims to have saved.
Even Doge itself explicitly says
that the 1,125 contracts
listed on Wall of Receipts at the time of this analysis
accounted for just 20% of their overall spending cuts,
though the Times said that it could not
reconcile those numbers.
So you have the questions, you know, what's the other 80%?
What is the bulk of the money they claim to have gotten?
The simple answer is we kind of have no fucking clue.
Doge claims that the remaining dollar amounts come
from various efforts like fraud deletion, asset sales,
workforce reductions, programmatic changes, and more.
But it then also provides zero data or specific estimates
on those alleged savings.
So you have the time saying it was not possible
to independently verify that number or other totals
on the site with the evidence provided.
But beyond that, it appears that there are numerous
fundamental flaws with the scant 20%
that Doge has actually accounted for.
The limited dollar values Doge has actually accounted for. The limited dollar values
Doge's posts for each contract come from data and a central tracking system for government contracts.
But they are, at the time, spotting some issues with how Doge was doing its math. Something that they actually illustrated really well in one example
where Doge says that it saved 5.4 million dollars by canceling a contract for DEI services for the Department of Homeland Security.
Right, and to get that figure, Doge took the total potential value of the contract, around $7.5 million, and subtracted the $2.1 million
that appears to have already been spent.
Which, okay, seems simple enough,
but this isn't a word question for first graders.
You know, we're talking about the incredibly complex system
for allocating federal contracts.
Literally nothing is simple.
And you have experts saying that estimate
is likely far too high for a number of reasons.
Saying, first of all, data in the federal contracting system
could be several months out of date.
So this figure could be an undercount
of what was already spent.
It also doesn't account for the added costs
of terminating a contract
that the government still has to pay out,
like winding down staff, closing offices,
ending leases and offloading equipment.
One expert even saying that leaving out those figures,
it makes Doge's estimates a meaningless metric.
And all of this as CBS news also found another type of error
regarding Doge's accounting. Reportedly, the agency triple counted the $655 million maximum value of one contract for
USAID with numerous subcontracts. And while Doge eventually removed two of the duplicate listings,
the Times found that it still overestimated the savings on the remaining line item by at least
$270 million. But that also was just one of several overestimates. In another example,
Doge claimed that it saved $232 million on an IT contract for the Social Security Administration.
But there, you had the intercept finding that the group actually only canceled a tiny part of the
contract that let users mark their gender as X. So the actual savings was just over half a million
dollars. And in addition to stuff like that, there have also been much more obvious errors. Like with
when the Wall of Receipts tracker was first rolled out, an $8 million contract for IT services to ICE, it had been mistakenly entered at the value of $8 billion,
which, you know, would have accounted for almost half of the combined value of all listed contract
cuts. And while Doge did eventually fix the problem, it also made some very misleading claims
about the situation on X. So they're seeing the agency saying that the discrepancy was a clerical
error that their team was aware of and asserting that Doge has always used the correct $8 million
in its calculations. But then that post on Musk's own platform, it got community
noted with users pointing out that we literally have receipts that show Doge's tracker, including
the wrong number, and then updating it after numerous reports, as well as the fact that Doge's
claim savings of $55 billion haven't changed despite the fact that multiple line items have
been revised after errors were pointed out. And it's not like this is the only reported thing or
time that Doge has made misleading
posts about its alleged savings on X.
Like last week, for example, they were tweeting a Treasury Department post saying that the
IRS had rescinded a previously planned $1.9 billion contract and done so in connection
to the group's work, with Doge including a screenshot of a $1.9 billion contract with
an unnamed vendor that had been marked as terminated.
But then, when the Times contacted the vendor in question, they said that their contract had actually been canceled
back in the fall, meaning that Doge was literally
taking credit for something
that the Biden administration had done.
And it doesn't appear that's the only time it's happened.
Another example, an environmental scientist in Michigan
also told the Times that Doge had included
a federal contract that he had in its list of savings,
despite the fact that the contract had expired in December.
Now notably, with everything,
these are just some of the findings out there
by the Times and other outlets.
But the last thing that I wanna hit on here
is another misleading thing that Doge does
with its wall of receipts tracker.
Because according to NPR,
more than a third of the listed contracts posted online
would actually not save any money if canceled.
You know, that's not some huge secret.
Doge itself literally lists those
as saving the government $0.
But it appears that they include them
so they can say that they canceled
a higher amount of contracts,
even if there's no real impact.
And so ultimately you just have this confusing, chaotic,
just messy, misleading situation.
There's just a million things happening.
And all of it is seemingly so ridiculous,
they got my man, Jon Stewart, bleeding at his news desk.
Because on the Daily Show last night,
you had Jon Stewart adding to the criticism
and absolutely ripping into Doge.
With him first arguing that the agency would be better served by going after cuts like $3 billion in federal subsidies to oil and gas companies that already turn billions in profit.
As well as $1.3 billion from the carried interest loophole that hedge funds benefit from, right, that allows investment managers to slash their taxable income, and also $2 trillion to defense contractors for the F-35 fighter jet that, in his words, blows, with that being a critique of the jet's numerous setbacks,
high costs, and safety concerns.
But see, this is where the real money is. The real money, the money our free market-ish
system uses to prop up corporate profit at the expense of the taxpayer. Pharmaceutical
companies get everything from our government. Tax breaks, research grants, patent extensions,
worth billions of dollars.
And what do we the people get for it?
The highest drug prices in the Western hemisphere.
And then my man, Jon Stewart, smashed his mug on his desk
and accidentally sliced his hand open.
With it still bleeding off camera,
he concluded that the idea of Doge, that's not the problem,
but arguing that it's how it's going about it, saying. I want Doge to work. I want better efficiencies. I want to get rid of the
alphabet agencies that don't do enough, make the Pentagon pass an audit. But we are Doge-ing in
the wrong place if we want to really change the system. But that is ultimately where this Doge
mess is going to end today, because there's gonna be another mess tomorrow
and the day after if the trend continues.
But hopefully at the very least,
it makes a little more sense
since there's just so much misleading bullshit
out there right now.
And then we'll get to more news in just a moment.
But first, you know, it's been really cool
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But then next up in very different news,
if you're looking for what some people have referred to
as the absolute dumbest way to spend your money this summer,
look no further than Fyre Festival 2.
And yes, really, it's the reboot of that fire festival,
the one that fell apart spectacularly in 2017.
Do you remember how it was marketed
as a once in a lifetime ultra luxurious getaway
with beautiful villas and a lineup of musical talent
and models including Blink 182, Migos, Major Lazer,
Kendall Jenner, and Hailey Bieber?
Then when the guests who paid thousands
or even tens of thousands of dollars for their tickets
arrived on the island, they found none of that.
Instead, you had reports saying they were met with
FEMA pop-up tents, wet mattresses, cheese sandwiches,
no running water, no internet, no concerts.
With that humiliating calamity earning itself
two documentaries, a Broadway musical as well,
as several lawsuits and a six-year prison sentence
for its fraudulent organizer, Billy McFarland.
But as far as McFarland, he told the Washington Post
that while he was behind bars,
he wrote a 50 page plan to parlay all that interest
and demand and fire into new projects.
So now we are getting Fyre Festival 2,
which he insists is definitely totally real.
With him saying, I'm sure many people think I'm crazy
for doing this again,
but I feel I'd be crazy not to do it again.
The adventure seekers who trust the vision
and take the leap will help make history.
And so reportedly this event will run from May 30th
to June 20th on Isla Mujeres,
which is an island in the Mexican Caribbean
off the coast of Cancun.
With its website promising an electrifying celebration
of music, arts, cuisine, comedy, fashion,
gaming, sports, and treasure hunting.
And with all this, if you are skeptical,
you have McFarland reassuring us
that he's not the one handling the details this time around.
Instead, he's reportedly got
a major Mexican festival producer as well,
as partners for hotels, travel, and ticketing,
helping him make this happen.
And importantly, you had NBC saying
those partners actually confirmed
that they are in fact partnering with them.
So after a limited release of tickets back in 2023,
the main release of 2000 tickets went on sale yesterday.
And notably with that,
there are four different passes that you can buy,
depending on how credulous you're feeling.
First, there's the $1,400 Ignite General Pass,
which actually grows to $1,600 after service
and processing fees, plus travel and accommodations
that you have to purchase yourself.
Then there's the $5,000 Fuego VIP Pass,
the $25,000 Phoenix Artist Pass,
and the $1.1 million Prometheus Pass.
With that last one, promising a number of special perks,
including onstage access to the water stage,
fight team access of the fight pit,
a curated itinerary of fire experiences,
24 seven private chauffeur service,
dedicated onsite concierge,
and access to the Prometheus Marina.
You can also bring eight guests with you
and get flown from Miami to Cancun by private jet
and then to the festival by helicopter.
At which point, if everything is real and is happening,
a dedicated chauffeur will take you
to wherever you're staying,
which depending on your choice,
could either be a four stateroom yacht
or a four bedroom villa.
Or hear me out, alternatively,
with that money you could buy 28,947,
don't be stupid, stupid shirts from beautifulbastard.com.
And with those, I can 100% guarantee,
none of those will actually be cheese sandwiches.
But hey, with that, according to McFarland,
at least one person has already bought the Prometheus package. But you know, it kind of just feels like a leap in
the dark because as of right now, no lineup of talent has even been announced. But it's there,
seeing McFarland telling the Today Show that he's not in charge of booking, but then also having
this interesting exchange with a reporter. So we're going to have artists across electronic,
hip hop, pop, and rock. However, it's not just music. We might have a professional skateboarder
do a demonstration. You might have an MMA champion teach you techniques in the morning. You say we might have. Are any of
these for sure haves? Are they booked? So I think what makes FIRE so cool is that we are selling
the experience of FIRE. I want to be one of the first festivals that can sell out with no artists.
Is it a risk to buy a ticket to FIRE Festival 2? I think it's always a risk. You're taking a risk because I made a lot of bad decisions and messed up the first festival.
Until it's experienced, there is a risk component to it. But also a thing that's popped up with this
story is you have some people saying that, hey, even if he somehow pulls this off, it's still
kind of outrageous because the original festival's investors never got their $26 million back. Though
there, you do have McFarlane saying that 10% of the profits from Fire 2 will go towards that,
including a minimum of $500,000.
And this, as he also promised on Instagram last year,
that 1% of all the ticket sales will go directly
to the family and friends of incarcerated people.
I will say that this latest announcement appears
to make no mention of that pledge.
But whatever the case may be,
you have McFarlane seeming to have big long-term plans here
with The Guardian quoting him as saying,
"'Since 2016, Fire has been the most talked about
"'music festival in the world.'"
Obviously, a lot of that has been negative,
but I think that most people,
once they kind of get under the hood and study the plans
and see the team behind Fyre 2, they see the upside.
And if it's done well, I think Fyre has a chance
to be this annual festival
that really takes over the festival industry.
So I gotta ask, what do y'all think?
Another scam?
Is it real this time?
What is gonna happen? If we were gonna place bets, what do y'all think? Another scam? Is it real this time? What is gonna happen?
If we were gonna place bets, what is gonna happen?
But then next up, we need to talk about the fact
that North Korea pulled off the single biggest
crypto heist ever, worth $1.5 billion.
Or with a seeing the exchange Bytebit disclosing
that 400,000 Ethereum and related coins
were stolen back on Friday.
You've got experts in the field saying
that the way that the theft happened makes it pretty clear
that this was done by the North Korean Lazarus Group.
For example, they're known to quickly exchange stolen tokens
for Bitcoin or Ether.
And this is because other coins have ways
to kind of freeze wallets that have stolen tokens,
but Bitcoin and Ether don't.
And then on top of that, they use decentralized exchanges
as another way to hedge against the possibility
that their accounts would be frozen.
With then also researchers
from the blockchain analysis group Elliptic, also pointing out that there were a lot of efforts
to layer the transactions, which is just a way to try and confuse where the funds are going.
But due to the nature of blockchain technology, technically, it's possible to track. It's just
very time consuming, which is probably why Bybit has now declared war on Lazarus and is crowdsourcing
efforts to track all of their 6,338 known wallets to try and freeze as much as they can. But you know, all of this,
as many in the crypto space see this attack
as possibly a defining moment in the industry
because of how it bypassed the gold standard of safety.
Right, and so this is a little inside baseball,
but you know, it's super important for the story
and I'll try to keep it simple.
In crypto, people keep their coins in wallets.
And hot wallets are generally accessible from the internet
with encryption and make transferring coins much easier.
The drawback with that though, is that being on the web, it's a weak security point. And so then you also have cold wallets, which are not connected to the internet with encryption and make transferring coins much easier. The drawback with that though, is that being on the web,
it's a weak security point.
So then you also have cold wallets,
which are not connected to the internet
and they need encryption as well,
theoretically making them extremely difficult to access
outside of physically being there.
And Bybit reportedly only had enough coins
on its exchange hot wallets to do day-to-day transactions.
And the rest were kept in multi-sig cold wallets.
So imagine a cold wallet,
but it now needs multiple people
to give their encryption keys to get access. Yet, somehow, these hackers were able to access these extremely secure cold
wallets and move the money around. Now, currently, it is a bit unclear exactly how they managed to do
this, but the leading theory is that the cold wallets were, quote, manipulated by a sophisticated
attack that altered the smart contract logic and masked the signing interface, enabling the attacker
to gain control of the ETH cold wallet. Or in more layman's speak,
the hackers managed to trick systems within Bybit
to get access to those wallets
during a routine transfer of coins.
Also, one of the leading theories
is that there was possibly a lot
of social engineering going on.
Right, in Lazarus Group,
they're known for spending a ton of time
building up unique personas
to try and get the trust of key figures in industry.
And by doing this, they could possibly trick targets
into giving them access through malware
to things like the UI needed to get into the cold wallet.
So regardless of how this was done,
this attack is causing people and companies across crypto
to reevaluate how they do their security,
which I will say, well, you probably don't need
the levels of security they do.
At the same time, right,
this is probably a good reminder to change your passwords
and don't click on random links and emails.
Because you know, well,
you probably don't have $1.5 billion to lose,
hackers won't mind taking far less from you.
But with all that said, as far as Bybit
and a small bit of at least,
I guess we could call it good news.
Bybit is claiming that even if they can't recover the money,
they're solvent and everyone's coins
are still back one-to-one.
With CNBC reporting that it replenished its reserves
through a mix of emergency loans and large deposits.
With them also reporting that a new proof of reserves audit
conducted by cybersecurity firm Hacken
confirmed that Bybit had successfully restored its reserves. Which if true is big and important, right? Because this wouldn't be the
first time a crypto exchange has made this claim only to then go under after everyone started
pulling their coins. But with all that said, especially if you're in the crypto space,
I'd love to know your thoughts in those comments down below, along with, you know,
your wallet address and maybe even your key. Also, no, not really. That was a joke. Stop it.
And then we'll get to more news in just a moment. But first, you know, governments are straight up blocking websites in certain regions,
making it nearly impossible to get accurate news. And I like to think that we all care about
accessing a free internet safely, right? I mean, not just for ourselves, but for our families too.
And the way that I see it these days is that you need a VPN, period, for just a number of reasons.
And I use NordVPN, who's also our fantastic sponsor of the show, to keep my digital life secure. And Linz and the kids love to access streaming content from all around the world. But
also, again, more and more, I've become increasingly grateful to Nord, knowing that it's my best shot
at maintaining access to information. With NordVPN enabled on your devices, your data is encrypted
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Then, next up, we should talk about a judge
just shutting down AP's attempt to get back into the White House
Because if you don't remember, on his first day in office, Trump signed an executive order
Ordering the U.S. Interior Department to change the name of the Gulf of Mexico to the Gulf of America
But then, the Associated Press, deciding that they were going to keep using the original name
But acknowledged that Trump had changed it
With them saying that their AP stylebook is used internationally
And that this call was to ensure clarity with those international audiences.
But Team Trump were not fans of that call
and so they barred AP reporters
from attending presidential events,
which then grew to include not just meetings
in the Oval Office,
but also other areas of the White House
as well as Air Force One.
With Trump even outright dismissing
the entire AP organization as radical left lunatics
and saying, we're going to keep them out
until such a time as they agree
that it's the Gulf of America.
And so we saw the Associated Press taking the problem
to the courts on Friday, with the goal being
to get a restraining order to prevent the White House
from banning their reporters.
With the AP arguing that this ban was a violation
of the First and Fifth Amendments,
and saying that the White House's retaliation here
is a threat to freedom.
And you had the attorney for the AP during the hearing
saying, get the lawsuit, it boils down to Trump
and his staff punishing one outlet over another
by keeping them out of these events.
Events that they say they've been included in for over a century and cover on behalf of thousands of newsrooms and broadcasters around the world.
With them adding that without intervention from the court, they will face irreparable harm, which would then be felt by their readers and member organizations.
However, on the other side, you have the Trump administration's attorney arguing that the AP had not suffered that irreparable harm
because they are still able to report on events that they weren't allowed to attend.
And that because they have access to the pool notes
that are given to all members
of the White House Correspondents Association.
With the men going on to argue that
just because the AP historically had special access,
that does not mean, quote,
"'Such access is constitutionally compelled in perpetuity.'"
In saying that it's Trump's prerogative
to choose which outlets are allowed in special areas
like the Oval Office or Air Force One.
However, you had the AP pushing back there saying,
"'The case isn't a matter of whether Trump
has to speak to them,
but about his decision to single them out.
Their attorney saying,
we're not arguing that the president of the United States
has to answer the Associated Press's questions.
Saying the issue is that once he lets the press pull in,
he can't say, I don't like you, you're fake news, get out.
With all that said, at least at this point,
a judge has cited against AP.
The seeing US District Judge Trevor McFadden
deciding against issuing the restraining order.
With him saying that the AP's problem is quote,
"'Not the type of dire situation
"'that would require intervention against the White House.'"
And adding, he is quote,
"'Not inclined to act precipitously
"'on the executive office of the president.'"
But he also then scheduled another hearing on the matter
for March 20th for the AP to further argue its case.
And this is he also offered a warning to Team Trump saying
that legal precedent from other cases
where the White House banned reporters
didn't look good for them.
He even reportedly seemed sympathetic
to the arguments against them,
including the claim that the White House
is apparently trying to coerce
or punish the AP over a language choice,
something that he said amounted to viewpoint discrimination.
But also, right, that warning,
it did not put a damper on the White House celebration
with the press office saying in a statement,
as we have said from the beginning,
asking the president of the United States questions
in the Oval Office and onboard Air Force One
is a privilege granted to journalists, not a legal right.
The men throwing up a map with the name Gulf of America
on it and a big red victory stamp on the monitors
in the briefing room.
Also very notably here,
you had the interim US attorney for DC, Ed Martin,
saying on X before the ruling,
as president Trump's lawyers,
we are proud to fight to protect his leadership "'as our president, and we are vigilant
"'in standing against entities like the AP
"'that refuse to put America first.'"
Which is then something we saw the New York Times call
an extraordinary statement that is suggesting
that Justice Department attorneys
are the president's lawyers
rather than the representatives of the government.
And Martin definitely added fuel to this fire
because we saw Democratic members of Congress
quickly hitting back against him.
With the seeing, for example,
Virginia representative Don Beyer responding on X,
Washingtonians deserve federal law enforcement
who will protect their rights
without violating the constitution
and focus on fighting crime
rather than trying to censor the free press
and political opponents.
Basic understanding of punctuation would be nice also.
With that punctuation bit likely being a dig
at the misplaced apostrophe in Martin's statement.
You then also had Senator Chris Murphy from Connecticut
responding to Martin and saying,
"'This is insane.
"'If you wonder why some of us think
"'the rule of law is about to fall, it's this.
"'The US Attorney for DC is not President Trump's lawyer
"'and its job is not to protect his leadership
"'nor prosecute people who refuse to put America first.'"
But for now, regarding the heart of this story,
we're gonna have to wait to see what happens
at that hearing in March.
But then finally today, let's talk about yesterday
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But like I said, let's talk about yesterday.
Because in those comments, we largely saw a split.
Comments and conversation around the psychiatric hospital story, and then, of course, Trump-Elon Musk.
With us seeing many agreeing with Smokey, who said,
For-profit psychiatric hospital is a terrifying combination of words.
With some of y'all replying,
My jaw dropped hearing that. I am horrified to know that such a thing exists.
Though others joking,
Why? The for-profit prison system is flawless.
With some then going further replying, I have to agree with Thomas Azaz for the most part.
Saying involuntary commitment needs to be largely outlawed.
Arguing there are institutions of abuse that largely do not help those forcibly admitted to them.
And then saying even if someone is suicidal, involuntary mental health commitment will often make it worse.
Being suicidal or mentally ill does not mean you lose the right to consent.
Which I will say, I know we covered a lot of new news today, and of course, I'd love to know your
comments there, but I'd really love to know your thoughts regarding that comment. Or do you think
that the system just needs reforms, tweaks, or do you think, you know, get rid of it? But then,
in addition to that, there were a lot of conversations and a lot of comments about the
Trump-Elon Musk reply or resign email scandal. We were seeing things there, like Power Gem writing,
federal employee here, my agency told us to go ahead
and respond to the email Monday morning.
So I wrote up my five points,
got them approved by my supervisor and sent them to OPM.
And then adding a few hours later,
my agency tell us that it is voluntary.
I'd be upset at the confusion
if it wasn't so blatantly purposeful.
Now I potentially have to worry about an AI
deciding if my job is mission critical or not.
But then several people responding to that saying,
you know, I responded to the email as well,
saying things like I highly doubt any kind of real review will be done and the union
would be able to file grievances if they decide to fire people or something like this. We also
had 8-Bit Brutch, I'm probably mispronouncing that, saying, 17-year employee of the Department
of Veterans Affairs here. OPM sent another email today saying that replying was completely
voluntary, saying, this is nuts. These attacks are meant to wear us down and get us to either
kiss the ring slash feed or quit. But adding, despite my mental health issues,
I'm not quitting.
As long as the VA exists and I'm still breathing,
I'll keep serving vets until I'm fired, retire or die.
You know, something that I wanna add there is,
while right now the numbers are kind of unclear,
I'm very interested to see how many US veterans
end up getting fired from these federal purges.
Because they are most at risk
for being disproportionately impacted by all the cuts.
And that's because I think like 28%
of the federal workforce are vets.
And while we're seeing things like the Interior Department
saying, hey, from these mass layoffs,
the veterans are exempt.
One, consistency nor clarity have been words
that you would associate with what we've been seeing
or it'd be more chaos.
And two, as all of this is playing out,
we're seeing things like Politico reporting
that a number of Republican lawmakers
are privately begging the White House
to rehire some of the 1000 employees dismissed from the Department
of Veterans Affairs.
So then going back to yesterday, a bunch of you all were
also joking that people should reply that everything that
they did on their five bullet points was classified.
Though I would argue it'd probably be better to do nothing
rather than try to poke the bear there.
If not just because it would be easier to hire among those
larger numbers of the unknown.
But then the final comment that I want to hit on and what I
want to say here, I almost wish that I could open up the show
with this statement and it wouldn't kill watch time.
Because we had Jess saying,
every day I look at the news and think I'm tired
and the news shouts back, that's too damn bad.
And what I'll say to that is if you need to take breaks,
do it.
It is a lot, there is just so fucking much happening
right now that you cannot control.
And I understand how like just demoralizing that can be.
But also I do believe that there is a way that you can consume the news in a way that you cannot control. And I understand how like just demoralizing that can be. But also I do believe that there is a way
that you can consume the news
in a way that is not overwhelming.
I think that's really the kind of the point
of the show that I'm trying to create here.
All the other stuff I do on social media, right?
I'm posting reels about the news, TikTok, shorts,
all of that, all of that is in hopes of bringing someone
to the daily dump of this show.
Or with the hope being that this can completely
or very largely take over your news diet.
Everything, people, apps, whatever,
it is designed right now to just steal your fucking time.
I don't talk like I'm on meth for no reason on this show.
Your time is valuable and I try to treat it as such.
And so you should also treat it as such.
But that, you beautiful bastards,
is where your Tuesday evening, Wednesday morning dive
into the news is gonna end with your good old buddy, Phil.
Of course, remember, I got a brand new show for you every Monday, Tuesday, Wednesday, and Thursday at 6pm
Eastern, 3pm Pacific. And you can also follow me on these socials. I post a bunch of stuff.
Thank you for watching. I love your faces and I'll see you right back here tomorrow.