It's Cultural Appropriation Month, and we're kicking it off with a bang. This week, we're taking you on a trip to the land of pineapple cakes, the Sky Lantern Festival, and John Cena, aka the prototype himself.
00:04:03.000Well, you look at it and one source says this means my moves are so fast you won't see them coming, but then I read an interview with John Cena and he just said I was listening to G-Unit like a douche.
00:04:14.000And his brother said, you look stupid.
00:04:15.000He was like, yeah, I'll do this on air, bro.
00:07:45.000They're on the top, give me an extra hundred.
00:07:49.000All right, so we have to decide if these are fact or fiction, because we realized some of you folks weren't paying attention to the Cultural Appropriation Month facts.
00:09:48.000We got Taiwanese superstition holds that if students trim their nails during their final exams, they will end up with failing grades for their subjects.
00:09:55.000No, no, that's a misinterpretation of Samson.
00:11:59.000Well, don't worry, we're going to get to trashing China in just a minute, because I don't know if you know this, I don't want to vilify an entire nation of people, but China's a horrible place, and it's a live show, Monday through Thursday, 10am Eastern, so we're on Rumble, and we are on Mug Club.
00:12:12.000If you do not see us here on YouTube, I have no idea how long we'll be on YouTube.
00:12:15.000Of course, we're gone July, taping some other things.
00:12:18.000We always have to take this break and rebuild the studio up.
00:12:20.000But unless we tell you we're not here, that means we're on Rumble or over there on Mug Club.
00:12:24.000So let me bring you some news here on Taiwan and China.
00:12:28.000And then Gerald was really passionate about it.
00:12:42.000So he just signed a decree that would allow for the deployment of Chinese troops for purposes other than war, as though it's a new... Yeah.
00:13:08.000So the media, the state media, Xinhua... If you'd cut to me... So this new outline aims to, quote, protect people's lives and property, safeguard national sovereignty, security, and develop interest and safeguard world peace and regional stability.
00:13:28.000Because when I think China, I think World peace.
00:15:41.000If you want the geopolitical situation there, specifically, as far as what that war would look like, how it affects you, why it's different from Ukraine, I would recommend you go and watch that.
00:15:54.000So this is a little bit different because of the new changes.
00:15:57.000I want to tell you something before Gerald goes in here.
00:15:59.000After seeing the Taiwanese train with airsoft guns because their own citizens aren't allowed to have assault weapons, I'm less pro-protecting them.
00:16:16.000You basically, you are a nation, effectively, who are founded upon the idea that this other giant wants to wipe you out and you still don't let your citizens have Still don't let your citizens have military-style weapons?
00:16:27.000They should all be forced to train in them, and have a couple in their closet.
00:16:31.000It should be like a Switzerland situation, you know, World War II, with all their military-age men.
00:16:35.000But instead, unfortunately, this is one thing you guys need to get straight.
00:16:40.000It's a much more important partnership for us than, for example, Ukraine.
00:16:44.000But if you think that, let's say, China were to try and wipe Taiwan off the face of the map, and everyone from Taiwan is going to come into the United States, and they're going to be pro-America, you still will be looking at a demographic of people who want to be subjugated by their government.
00:16:53.000There is no spirit of rugged individualism, of individual liberty outside of the United States, so I'm under no ill-conceived notions that the Taiwanese are actually pro-America in the way that we would believe it to be.
00:17:06.000You don't allow your citizens the right to train with... If there is a nation that should be training With military-style assault weapons.
00:17:26.000The left will never concede that territory.
00:17:28.000If Canada had the same population as the United States and they were trying to invade the USA The left still wouldn't say, you know what, hey, maybe you should have the right to defend your house and home.
00:17:38.000There will never be a scenario under which they believe you have the right to defend yourself.
00:17:42.000For reference, see every other country in the history of the world.
00:17:45.000Well, and to be clear, in Taiwan, you can own a shotgun, a rifle, and a handgun.
00:17:48.000But we were talking, I was like, is there any other clear example in the world where you want to make sure everybody knows how to use assault weapons, if that, you know, military weapons?
00:17:56.000Like, let's get everybody tank training.
00:18:01.000But they see a lot of similarities, and we've talked about this, like you said, between the Russia invasion and not only the invasion of Ukraine and how the world responded to it, but what Russia did, specifically Vladimir Putin, in the lead up to that issuing this decree.
00:18:12.000And so I saw this on, I think, Monday is when it came out, and it went into effect yesterday.
00:18:16.000And I was like, this is a really weird way to frame this entire thing.
00:18:20.000You release a decree that basically gives you power to go wherever you want.
00:18:25.000And do whatever you want and say, oh, it's not a military operation.
00:18:36.000So Eugene Kuo, an analyst with Taiwan's Institute for National Policy Research said, I think it's definitely a copy of Putin's special operation language.
00:18:43.000And that was the decree that he issued.
00:18:56.000And continuing his quote, and after what happened in Ukraine, it sends a very threatening signal to Taiwan, Japan, and the surrounding countries in the South China Sea.
00:19:03.000So, Quad believes that Xi is trying to enhance gray zone activities, which is basically like saying, we don't recognize international borders, international waters, right?
00:19:57.000From what we see recently, China seems to be gearing up its military operations and I can give you some evidences of this.
00:20:05.000In the first part of May, China has conducted naval exercises east of Taiwan for two weeks with its aircraft strike group Liaoning.
00:20:20.000And they have also conducted air exercises around Taiwan, especially in southern part of our ADIZ.
00:20:28.000And in several occasions, they also crossed the medium line of the Taiwan Strait, which has been safeguarding status quo and peace and stability over this area for years.
00:20:37.000And moreover, their spokesperson for the PLA has spoken about the medium line of the Taiwan Strait does not exist because Taiwan is part of China.
00:20:48.000And very recently, their Ministry of Foreign Affairs spokesperson also talked about Taiwan as part of China.
00:20:55.000And therefore, the Taiwan Strait is not an international water.
00:20:59.000So if we put all this together, we see a very threatening China these days.
00:21:04.000Before you move on really quickly, for those who are listening on audio, you saw that map where you just look at how huge China is, now how small Taiwan is.
00:21:13.000Now that being said, there's a reason that there hasn't been a land invasion, because of course China wants to take that one, they've been saying it.
00:21:17.000There's something that they're scared of, and this you can go to the previous show, video, it might be on Crowderbits, but certainly the full show where we've talked about what that looks like, the mountainous terrain, how Taiwan is actually punching above their weight class.
00:21:29.000That being said, this should also give you an idea.
00:21:33.000When we're talking about the Second Amendment, you have people who will make these arguments going, oh well, what, you think American gun owners have a chance against the United States military if it comes?
00:22:08.000Do you know the rednecks that we have here?
00:22:11.000Oh yeah, well I mean you're also assuming that when you look at like the military, they're here to protect the country, not the government from taking us over.
00:22:21.000I'm just saying that if they had in Taiwan what we have here, it would just be a bunch of AR-15 round casings and natty ice cans that would be sticking.
00:22:30.000Have you gone to, like you go to the range on the weekend, And you're like, that guy's drunk and he's hitting everything!
00:22:57.000When the guy in front of you gets killed, they gave the guy behind him ammunition so that he could pick up the guy's gun that was killed, put the ammunition in, and continue fighting.
00:26:22.000Well, so, I mean, obviously, this is one of the reasons that I care about it, is because China is exerting force over the entire world right now.
00:26:28.000Because we've outsourced factories to them, we've kind of kowtowed to them because they're a big financial powerhouse, and now they're making threats against a country that should be independent in Taiwan, and Taiwan is making some, you know, they're having like a real come-to-Jesus moment here, knowing that this could happen really quickly, and they're increasing their training.
00:26:43.000Don't let them own assault weapons though.
00:26:44.000And that is true, and I appreciate that they understand that they have to stand and fight.
00:26:46.000my commanders would remind the men that the threat from China was growing.
00:26:50.000It's like, like you needed to say that.
00:29:03.000Those aren't people with military haircuts, those are people with largely their own equipment in many cases, and they're using airsoft, which we all know is... Yeah, that's exactly the same as firing an actual weapon.
00:30:02.000These people who live here are going to know how to defend it better than people who've never set foot there are going to know how to attack it.
00:30:10.000That's absolutely true, not to mention the ability here to have incredible firearms, which we rightfully should.
00:30:35.000You allow them to have high-capacity semi-automatic rifles.
00:30:38.000You know, the kind of stuff that you would need them to use during wartime.
00:30:42.000Because don't come to us for protection.
00:30:44.000When you haven't maximized your own resources, and the most important resource, as it relates to any kind of amphibious war that we might see with Taiwan, again, you can go back to a previous segment, is going to be the citizens.
00:30:55.000And the citizens' ability, ergo, the militia, to protect themselves.
00:30:59.000I am so tired of the United States Paying for the rest of the world and hearing the rest of the world bitch about how we pay for it.
00:31:08.000We're talking about Russia, Ukraine, Sweden.
00:31:46.000They need to start Back in the day, if we were to protect a country like Taiwan, protect a place like Taiwan, it would be, okay, now you speak our language and you pay taxes to us.
00:31:55.000You know, if we were a king, if we were a monarchy, you don't go in and help another nation because you're dependent on them for chipsets.
00:32:30.000Hopefully there's enough of a threat with the citizens of Taiwan, Japan, and the United States to keep China from invading, but here's the problem.
00:32:37.000As long as you have somebody weak in the White House who has shown an inability to act effectively, Ukraine and Russia, It just gives them the green light.
00:32:45.000They know they can probably take Japan.
00:32:47.000They know they can probably take Taiwan.
00:33:34.000It doesn't require some crazy conspiracy theory, a meeting behind closed doors, a cabal.
00:33:39.000It's just understanding the Chinese government, understanding how they censor, understanding how they pressure American businesses to kowtow to their policies, which, by the way, are gross violations of human rights.
00:36:18.000This is one thing, we're really happy for them to be a sponsor.
00:36:20.000The perfect sponsor for this show is a product that we all use anyway.
00:36:23.000Then we reached out to them, they saw that we use them and they have the balls to sponsor the show, which many of you may not know, a lot of firearm manufacturers out there don't do that.
00:36:31.000They actually do work alongside the gun control lobbyists because they want to eliminate competition.
00:36:37.000So you can visit waltherarms.com, use their dealer locator.
00:36:52.000These are very well-kept secrets because they don't have the multi-billion, trillion-dollar advertising budget as some of these other companies.
00:39:00.000Yeah, she was born in the United States, and this is the problem with identity politics, where it's just, no, no, no, it's not about your values, it's not about where you're actually born, it's about, you know, just your race or certain superficial features.
00:39:19.000Born in San Francisco to an American father and a Chinese mother, Aileen announced in 2019 that she would ski for China at the Beijing Games.
00:39:29.000The opportunity here for the sport to grow and to be one of those idols who have really made me who I am as a skier, I know the impact that they had on me.
00:39:37.000Yeah, so she decided, she got a contract with Victoria's Secret.
00:39:43.000Is the Chinese girl behind the white girl we just saw five pictures of?
00:40:57.000in 2030, any chance you switch to our side?
00:41:00.000It's funny that you mention that because I am actually an ambassador for the Salt Lake City 2040 bid and I think that that's this beautiful example of globalism and the capacity that we can use skiing and we can use sport and we can use winter sport to connect people.
00:41:20.000It's about, Salt Lake specifically wants to become a global destination for Now this is all figurative of course.
00:41:26.000to come train there and they want to incorporate 15 new countries into the
00:41:30.000Winter Olympics and I think that's something that's really beautiful and I've
00:41:33.000always stood for that. But we incorporate you into the asphalt.
00:41:36.000I'm really honored to be a part of the whole thing and we'll see if it goes ahead.
00:41:39.000Now this is all figurative of course. Yeah.
00:41:51.000We went from, and by the way, this whole idea that we've always been this incredibly racist nation, even before the Civil Rights Act, think about World War II was about to go into the war front.
00:42:01.000It was supposed to be the Eastern Front.
00:42:02.000Joe Louis, the most beloved athlete in all the United States, and he was fighting Max Schmeling, who was basically sort of made a de facto representative of the Nazis.
00:42:48.000And then afterwards, it's also a great lesson in how the taxman decides to rape you, because
00:42:52.000Joe Louis did a bunch of exhibition fights to raise money for, I believe it was the troops
00:42:57.000for charity, and instead they decided they had to pay taxes on it, so he had to return
00:43:00.000So, this is what happens with wartime heroes.
00:43:03.000They're never really appreciated, just like Winston Churchill was ousted within two years because, hey, he fought off the Nazis, he didn't want to support socialized healthcare.
00:43:10.000Aileen Goo decides to abandon her country, to be a traitor, a treasonous traitor, Then she decides to ski for China, and now she's ambassador for the United States.
00:43:19.000Joe Louis, a black American, beloved, was fighting a guy named Max Schmeling, if you don't know this.
00:43:24.000Let's have them pull this clip for Mug Club later on.
00:43:27.000I don't know if they have the first fight, it might have been before we televised.
00:43:29.000It really is an extraordinary story, what he did.
00:43:56.000Hitler's saying, look, we're going to show our racial superiority with Max Schmeling versus your American—and he didn't say black guy back then.
00:44:31.000He would have been absolutely excoriated, rejected by the American public.
00:44:37.000Well, and the argument that she's making is she's like, I wanted to be an idol for young girls over there to be able to... How about being a spokesperson?
00:45:24.000Am I wrong or is Schmeling just a pussy boy?
00:45:27.000Oh, and by the way, you should know, Joe Louis won that fight, knocked out Max Schmeling, I believe, in the first round cold with a strong right hand.
00:46:01.000This is just how tone-deaf and, yes, primarily white Aileen Gu is.
00:46:06.000You think of in the United States, because women have choices, you want to inspire young women.
00:46:11.000Not just to make the choice to be a skier, but inspire them, hopefully, to be disciplined, to do the hard work when nobody's paying attention, after the excitement has worn off.
00:46:16.000You don't need to inspire that in China.
00:46:37.000To have a government that allowed them to make these choices in their life.
00:46:41.000Like you were saying, this is just forced.
00:46:43.000And I think she's I don't know that I believe this because this is the first time, and we covered this story when it came out, this is the first time that she said this.
00:46:50.000This is the first time that I've heard her say this.
00:46:52.000Maybe let me be a little bit more clear that this is what she was wanting to do.
00:46:55.000We looked at it and it was like she's going to get millions and millions and millions of dollars and China doesn't have dual citizenship.
00:47:01.000You're either a Chinese citizen or you're not.
00:48:17.000Well, one's globalism, and one says, you know what, we don't want to link arms with countries that don't share our values and kill their own citizens.
00:48:24.000How can you talk about the United States being flawed, which we are as it relates to human rights or history, and say, I think globalism is a beautiful thing?
00:48:32.000Are you still bitching about slavery centuries ago here?
00:48:35.000You know they still have slaves there, right?
00:49:30.000No, Aileen Gu is a white devil, number one traitor in all of China, she is not welcome in Xinjiang, and... and she's really not that hot anyway, so... I don't even care.
00:50:59.000We'll get into why I think there's going to be a correction.
00:51:02.000It won't be exactly like 2008 because 2008 was unprecedented and what we are dealing with now is unprecedented, but the commonality is they both share government manipulation, artificial either suppression or inflation of markets.
00:52:15.000Now just to be clear, I know mortgage rates aren't just, I'm not saying that the Fed rate is a mortgage rate, but this does affect the way banks, the way everybody is able to get loans, so it does affect all of these issues, particularly your relationship with your bank, and of course we've seen mortgage I think the mortgage rates, I know it's above 6.
00:53:22.000It's a no-brainer at that point, as opposed to when the rates should be actually reflective of the market, which I think we probably should have been for quite a while, 6%, 7%, assuming you actually get 20% or 30% down.
00:53:33.000We wouldn't have the exact same supply issue that we have now.
00:53:36.000So, it's going to change because I'll get into the supply issues that are taking place and how you're seeing the housing market change, but a lot of people don't understand these rates have been kept artificially low for a significant period of time.
00:53:47.000Same thing, this is why you were getting, what, if you kept it in savings at the bank and were like, hey, you want to put it in our savings account?
00:54:05.000The thing I hate about these guys is that they always act like they're the smartest people out there, that they are able to manage the market like nobody else.
00:54:13.000Their stated goal, and I know we're going to talk about it in a minute, but it's 2% inflation, and we've been well above that for a long time.
00:54:18.000For him to come out and go, inflation is high, it's like, Yes, it has been for a long time and you've done nothing.
00:54:25.000You've done absolutely nothing and Congress has done nothing to stop it.
00:56:07.000But they're insured by the government.
00:56:09.000If people can't pay it back, the government pays it back.
00:56:12.000Not to mention in the form of bailouts when you're too big to fail, which is exactly what we've deemed Organizations like BlackRock, I think Vanguard as well.
00:56:18.000So what you had was people saying, oh, the rates are low and I don't have to put any money down because the government said we need equal opportunity in housing.
00:56:26.000So yeah, I'll get a half a million dollar house, giving you zero down at 2%.
00:56:31.000Then all of a sudden we hit a recession.
00:56:33.000These people are living well beyond their means.
00:56:35.000And there was a record number of defaults, right, foreclosures.
00:57:14.000You are seeing a record number of people purchase homes.
00:57:18.000These prices have been going up for a few reasons, okay?
00:57:21.000You have people who've been paid to not work effectively, right?
00:57:23.000You have people who've just gone out, the rates have been incredibly low.
00:57:25.000And yes, you combine that with actual wage growth that we saw under Donald Trump.
00:57:28.000So you saw actual wage growth, more than ever in modern American history.
00:57:33.000And unfortunately, Americans don't say, okay, we've seen an average of, I think it was $5,000 in average salary wage growth for the average American.
00:57:40.000I don't know if that was a median or the mean.
00:58:03.000We don't really have, despite them saying we have a very powerful, we have the most
00:58:06.000robust – I love how the Fed and Jean-Pierre didn't actually get their talking points
00:58:12.000This is the most robust economy and job market ever, and the Fed's like, oh, we have a problem with people in homes, and we have a problem with inflation, we better do something.
00:58:20.000Well, hold on a second, you guys, hold on, the White House said that inflation was a good thing!
00:58:24.000So they can't even keep their story straight.
00:58:25.000But now you have people who are very likely to become unemployed And they're going to have to start selling these homes because they're stretched too thin.
00:58:33.000Now, let me give you a couple of numbers here that are significant.
00:58:37.000So the total unsold inventory of new houses, and what that means is how many houses are on the market that haven't been purchased yet, right?
00:59:32.000It's about people being encouraged to overbuy irresponsibly issue, and it's also an issue of BlackRock Vanguard, two big-to-fail organizations, buying up homes left and right.
00:59:46.000That's kind of the intangible here, just to be clear.
00:59:49.000We may not see a full correction if BlackRock, these big groups who want you to never own a home ever, just to be clear.
00:59:55.000They're not looking out for you, just like John Cena's not looking out for you, but what may cause a crash is, let's say you're Vanguard, let's say you're BlackRock, and you see, you know, the stock market doing so poorly, and you go, well, hold on a second, real estate may not be the best investment.
01:00:08.000They may decide to migrate some of their investments, let's say, into, I don't know, safer, fixed incomes, whatever it could be, municipal bonds, I have no idea.
01:00:15.000But they might just say, it's time to buy low in the market, as opposed to looking at homes right now, this could be a problem.
01:00:20.000So if they decide to jump ship, Then you would be looking at a crash that would make 2008 look like child's play.
01:00:26.000I don't think we'll fully see that, but you will see a correction and people saying, well, I really think I deserve my home.
01:00:36.000Yeah, sometimes it puts you in a really bad position when you just go, oh, I can put 0% down on this thing and I can get in here and I can barely make the payment.
01:00:44.000But what we really have a problem with right now is the Fed thinking that they are smarter than the market.
01:01:12.000Well, mathematically, yeah, you put 30% down on something that doubled, now it's worth half, so you've technically put 15% down on the original price.
01:01:42.000That exact same home under Biden at a 7% rate, which is about where we are right now, would be $23.29 per month.
01:01:48.000That's almost a $1,000 per month difference.
01:01:53.000So you're now buying a lot less house than you could have under Donald Trump.
01:01:56.000One thing, too, I want to make clear is I think we need to change this language from they're raising the rates to they can no longer afford to artificially keep rates low.
01:02:04.000Yeah, that's a better way of looking at it.
01:02:07.000And put inflation on top of that and people are spending $350 to $400 more per month.
01:02:12.000So, just with inflation and what the Fed is doing right now and the interest rates that you're seeing, each family is spending $1,300 to $1,400 per month more on Joe Biden.
01:02:29.000How does that sound, heading into the midterms, heading into the election in 2024?
01:02:32.000This guy's been at the wheel when he should have had one of the best economic stories because the country was opening back up, the world was opening back up, he's been at the wheel less than two years, and he's already screwed everything up.
01:02:46.000This is the worst president, not only in my lifetime, but I ask in his lifetime, too.
01:02:49.000He said it makes Carter look like Chuck.
01:02:51.000I was about to say, yeah, Carter's like, oh, thank God for Joe Biden.
01:02:56.000I don't think that we're going to have a complete food shortage here in the United States, but I will tell you this, just prepare for certain goods to not be available on the shelves.
01:03:06.000I think what we'll probably run into is, look, if you're not really scraping by for groceries, if you're, let's say, you're living below your means, you'll probably be fine.
01:03:13.000But for people who can't afford the increase that's coming, it could be catastrophic, and I think maybe one week you might have a tough time getting beef.
01:03:19.000The next week you might have a tough time getting chicken.
01:03:21.000So I'm not saying it's going to look like Soviet Russia, but if you combine the fact that people are spending well over $1,000 more, if you're looking at people trying to get into a home right now at home, and then you look at inflation, which is by their metrics well over 8%.
01:04:50.000So, you know, hey, Joe Biden, they're taking away all those plaques that Donald Trump had for every time he got the stock market up another thousand.