On The Record (6-02-26).
Unf*cking The Republic
UNFTR Media
4.8 • 758 Ratings
🗓️ 2 June 2026
⏱️ 23 minutes
🧾️ Download transcript
Summary
This week we made the case that AI breaks a fundamental economic law: the bigger it gets, the more expensive it is to run, which is the exact opposite of how transformative technologies are supposed to work. The IPO trio of OpenAI, Anthropic, and SpaceX looks less like the next internet and more like the last big exit for early investors before the whole thing deflates. Then we looked at the manufacturing uptick, which sounds like good news until you realize a lot of it may just be companies stockpiling inventory before prices get even worse.
Chapters
Intro: 00:00:36
Quick Takes: 00:01:34
Max Notes: 00:09:02
Killer Left Take of the Week: 00:18:03
Chart of the Week: 00:19:27
Headlines: 00:21:11
Outro: 00:23:05
Resources
CSPAN’s Book TV: Robert Caro Reveals Details of His Final Lyndon Johnson Biography
Forbes Breaking News: Bessent Asked If Data Showing Americans Dipping Into Savings To Pay For Gas, Groceries Concerns Him
CBS Mornings: Graham Platner’s sexting controversy rocks his campaign
New York Times: Platner’s Texts With Women Concerned Campaign as Senate Race Took Off
Yahoo! Finance: OpenAI CEO Altman denies company is looking into government bailout
More Perfect Union: We Uncovered a Hidden Wealth Transfer in the SpaceX IPO. You’re Holding the Bag.
ISM World: ISM® Manufacturing PMI® Report May 2026
Bloomberg: US Manufacturing Activity Expands by Most in Four Years
Bloomberg: US Manufacturing Expands Most in Four Years on Stockpiling Rush
Time: Sam Altman Says AI ‘Jobs Apocalypse’ He Once Predicted Probably Won’t Happen.
Bloomberg: Canada Dips Into Technical Recession for First Time Since 2020
UNFTR Resources
Watch: On The Record 6/2/26 (When the AI Bubble Will Burst | Ben Shapiro | Graham Platner).
Essay: When the AI Bubble Will Pop.
Read: The Donroe Doctrine.
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | This is the story of a political pundit who looked at the world around him and just said, fuck it. |
| 0:07.7 | Gives the middle finger to authority and says, kiss my ass. |
| 0:11.6 | But instead of a revolution, he started a podcast. |
| 0:15.4 | Just what the world needs. |
| 0:17.6 | He started a podcast. |
| 0:19.0 | Another basic white guy who started a podcast. |
| 0:23.0 | But it's fun because he curses. |
| 0:25.2 | All through the podcast. |
| 0:26.8 | On the fucking the republic. |
| 0:28.7 | We're his motherfucking podcast. |
| 0:30.3 | Podcast. |
| 0:32.4 | Hey, it's Max, and this is on the record for the 2nd of June 2026. |
| 0:40.3 | I apologize for the delay in getting this uploaded, but I've got some good news for you. |
| 0:45.2 | You see, I figured out when the AI bubble is going to pop. |
| 0:48.6 | So I'll tell you all about it in Max Notes. |
| 0:50.5 | There was some really good manufacturing news out recently, but it might not be real. |
| 0:55.3 | So we'll hit that in Chart of the Week. More Perfect Union strikes gold once again with an |
| 1:00.2 | Elon Musk piece that knocked my socks off. Ben Shapiro's buying views again, and Bob Caro is still |
| 1:06.7 | writing about LBJ. Can Graham Platner be normal for a minute? Scott Bessent really is an asshole, |
| 1:13.5 | and an unfucker from Dublin wrote a satirical piece inspired by one of our stories, and it is |
| 1:18.7 | hilarious. Only Main Street headlines today from CNN, Bloomberg, and Time magazine, |
| 1:23.7 | because it's good to check on the Normies once in a while. All that and little else on this week's edition of On the Record. |
... |
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