America First - Nicholas J. Fuentes - Bitcoin Will Choke the State | America First Ep. 66

00:00:02.000 Good evening, everybody.

00:00:03.000 You are watching America First.

00:00:05.000 My name is Nicholas J. Fuentes, and we have a great show for you tonight.

00:00:10.000 Back to the regular schedule, back to the regular show after the Thought Wars last night.

00:00:16.000 And we talked about that on Tuesday as well.

00:00:20.000 Today's Thursday, right?

00:00:21.000 Yes, we talked about it Tuesday and Wednesday.

00:00:23.000 But normal show tonight.

00:00:24.000 Before we begin, before we get into any of it, before we even touch anything else, I have an announcement about the channel.

00:00:32.000 Very serious, very dire, serious straits here.

00:00:37.000 Dead serious.

00:00:39.000 I received reports during and after the show last night from my mom, among other people, that in the live chat during the Thought War debate, people were making fun of my hair.

00:00:49.000 Your Christmas music is still playing.

00:00:51.000 The Christmas music is still playing?

00:00:53.000 No, it's not.

00:00:54.000 Oh, it is upstairs.

00:00:58.000 Okay, sorry.

00:00:58.000 See, this is why we need Thought Wars, right?

00:01:00.000 I'll have to restart that whole bit.

00:01:02.000 My mom pops in telling me the Christmas music is still on.

00:01:04.000 Let me check the live chat, make sure that's not still going on.

00:01:09.000 Okay, geez. 1.00

00:01:10.000 She busts in here. 1.00

00:01:10.000 Right? 1.00

00:01:11.000 The Christmas music's still on.

00:01:13.000 No, it's not.

00:01:15.000 Anyway, but you got to hear from the lovely lady herself. 0.94

00:01:18.000 Back to our deadly serious announcement. 0.99

00:01:20.000 Back to our serious announcement.

00:01:22.000 Where was I?

00:01:23.000 Yes.

00:01:24.000 During the show last night, I heard from a number of people that in the live chat, people were making fun of my hair.

00:01:31.000 They said I needed to comb my hair.

00:01:33.000 They said I need a haircut.

00:01:34.000 And you know what?

00:01:36.000 It's time to say enough.

00:01:37.000 It's time to put our foot down. 1.00

00:01:39.000 If you want young people.

00:01:41.000 Out there giving a voice to this message.

00:01:44.000 If you want young people like me out there talking about nationalism, talking about Christianity, you don't make fun of my hair.

00:01:52.000 This movement is not about making fun of people's hair.

00:01:56.000 And I have decided that the next person to make fun of my hair, I will delete all my tweets.

00:02:02.000 I will delete all my videos.

00:02:03.000 I will lock my Twitter account.

00:02:05.000 I will lock my YouTube account.

00:02:08.000 And I'm out.

00:02:09.000 And then I'm out.

00:02:10.000 Okay?

00:02:10.000 I'm gone.

00:02:11.000 So everybody make your decision.

00:02:12.000 And I will be DMing.

00:02:14.000 And by the way, I will be DMing every other content creator in this movement, and I'm going to give them a very simple choice.

00:02:22.000 Either you're going to make fun of my hair, or I can never speak to you again.

00:02:27.000 So choose.

00:02:27.000 It is time to choose.

00:02:29.000 Everybody in the movement must choose.

00:02:31.000 And, you know, people have already been coming to my defense.

00:02:34.000 Many people have been coming to my defense saying, we're driving Nick out of the movement.

00:02:39.000 Nick has done a lot.

00:02:40.000 I have 6,000 subscribers, folks.

00:02:43.000 I do a lot more good than I do harm.

00:02:45.000 It's very simple.

00:02:46.000 Simple ask.

00:02:46.000 Don't make fun of the hair.

00:02:49.000 And of course, that is the logic.

00:02:51.000 That is the logic that we covered last night in the Thought Wars debate.

00:02:56.000 Of course, I'm only joking.

00:02:57.000 Of course, I'm not going to delete any of my tweets.

00:03:00.000 I'm not going to lock my Twitter account.

00:03:03.000 I was only joking to illustrate some of the points that we went over last night in the Thought Wars debate.

00:03:08.000 And this is very brief, very brief part of the show.

00:03:11.000 I know people are dire, or rather, they want us to get to the news.

00:03:16.000 They want us to get back into the current events.

00:03:18.000 So we're going to.

00:03:19.000 Just talk about it for a moment.

00:03:20.000 If we can recap the debate last night briefly, I will say this.

00:03:24.000 This is what we covered last night.

00:03:26.000 You have women in the movement, and I'm going to say it succinctly.

00:03:29.000 You have women in the movement.

00:03:31.000 Normally, if you have all men in the movement, and then I'm going to put it to bed after this, you have all men in the movement at first, and there's a natural sorting, there's a natural hierarchy that takes place, okay?

00:03:43.000 Men battle each other, and men basically decide, okay, this is how it's all going to align.

00:03:48.000 In a boys' club, if you're talking about a camping trip, the Boy Scouts, an army, A natural hierarchy forms. 0.93

00:03:55.000 When you introduce women into the equation, you know, at first, they might say they're traditional, they might say they're on our side, but eventually they start demanding special treatment. 0.82

00:04:05.000 They might say, I don't want to be criticized.

00:04:08.000 People need to respect me.

00:04:10.000 Please respect me. 0.97

00:04:12.000 And what naturally occurs when you inject the woman, when they introduce themselves and they demand the special treatment, the movement divides into people who defend them and the people that say, no, no, no, no special treatment. 0.89

00:04:25.000 We need to have a movement. 0.96

00:04:26.000 Bad blood, it tears it apart.

00:04:28.000 And that's why I'm making the official statement after the debate to wrap it all up, to put it to bed. 0.98

00:04:34.000 We can have women. 0.99

00:04:35.000 We love women. 1.00

00:04:37.000 They do a lot of good, but no special treatment. 0.98

00:04:40.000 They must take the negs, and they cannot mislead us. 0.99

00:04:44.000 You know, if you're not totally traditional, that's fine.

00:04:49.000 Nobody has to be.

00:04:50.000 We're not enforcing white Sharia here. 0.63

00:04:52.000 We're not going to enforce white Sharia on you, but you have to be honest about it. 0.99

00:04:56.000 You can't rationalize your non traditional ways. 0.94

00:04:59.000 I'm not the most traditional person.

00:05:01.000 James is not the most traditional person, but we don't sweep it under the rug.

00:05:05.000 We don't rationalize it.

00:05:06.000 We say, as you do in the Catholic Church, as I do, we say we are sinners.

00:05:12.000 We have sinned, and we're all, you know, let he who is without sin cast the first stone.

00:05:17.000 And we say that to the women as well.

00:05:18.000 You had previous views, you had previous decisions.

00:05:22.000 You know, who does not?

00:05:23.000 Who?

00:05:24.000 Name one amongst us who has not sinned, but we have to be transparent.

00:05:28.000 That's all I'm going to say about the women issue.

00:05:28.000 But that's it.

00:05:30.000 It's done, it's over, it's put to death.

00:05:32.000 Put to bed with a little lighthearted dance and then a serious, succinct message.

00:05:38.000 And with that out of the way, folks, remember all of the super chats this month are going to the Christian Appalachian Project.

00:05:46.000 If you want to donate throughout the show on the live chat, on the super chat, remember at the end of the month, or actually January 15th, when we get the check for all the super chats we got this month, all the money will be going to the Christian Appalachian Project.

00:06:00.000 We'll be helping out our brothers, our people that have been killed, that have been left behind and forgotten.

00:06:06.000 In Appalachia and Eastern Kentucky, by globalism, by bad trade deals, by the Obama administration, by, I mean, all kinds of things.

00:06:14.000 And so we're going to help them out.

00:06:15.000 We're going to give them a big check at the end of the month.

00:06:17.000 So please donate to the Super Chat.

00:06:19.000 It's in the Christmas spirit.

00:06:21.000 And with all that out of the way, we have to get into the news.

00:06:23.000 And I think the best thing to talk about tonight, I think the thing that would be most interesting, and share it with your friends if you think this is going to be useful, we have to talk about Bitcoin.

00:06:34.000 Okay.

00:06:35.000 And I know a lot of people have been asking me, my boomer friends, my boomer friends, meaning my parents.

00:06:41.000 They say, Nicholas, what is this Bitcoin?

00:06:42.000 Nicholas, how does Bitcoin work?

00:06:45.000 Even my peers, my friends who are my age tell me, how does this Bitcoin thing work?

00:06:50.000 And so I want to give a little bit of a primer on the Bitcoin because it's been in the news lately.

00:06:54.000 Obviously, it went up.

00:06:56.000 It surpassed $19,000 in value today per Bitcoin.

00:07:02.000 So you take one Bitcoin, it used to be $1,000 a few years ago.

00:07:06.000 Before that, it was worth less than a dollar, I think, at some point.

00:07:10.000 And now it is up to past $19,000 per Bitcoin.

00:07:14.000 And so it's been in the news.

00:07:16.000 It is now valued.

00:07:17.000 Bitcoin as a currency is now worth more than Visa.

00:07:22.000 You know, like Visa credit card, it is worth more than Visa.

00:07:26.000 It is worth more than Fortune 500 companies.

00:07:29.000 I saw today that if you look at the market cap of Bitcoin altogether, it is bigger than some of the biggest companies in the world, something like number 15 on the list of compared to the Fortune 500 companies.

00:07:41.000 So, very big stuff.

00:07:42.000 And I wanted to explain very briefly.

00:07:44.000 What the Bitcoin is, what it means for the country, what it means for banking, what it means for money and society in general.

00:07:51.000 And so we'll jump into it.

00:07:54.000 So, Bitcoin, there are many schools of thought on Bitcoin.

00:07:59.000 I mean, it really makes us think about what money is.

00:08:02.000 And if we could start by defining money, I think that's useful.

00:08:06.000 You know, we think of money as cash, we think of money in terms of credit or debit, coins, paper.

00:08:14.000 The money that we use right now is fiat money.

00:08:16.000 The money that we use right now is not backed by anything.

00:08:19.000 The only reason a dollar in your pocket has value is because you have faith in.

00:08:25.000 That other people will accept the value of it.

00:08:27.000 So, a paper, you know, a piece of paper, a green stamp, a treasury note, has no intrinsic value.

00:08:33.000 You can't do anything with it.

00:08:34.000 You can't, there's no functional purpose for it.

00:08:37.000 It has no marginal value as a good or a service.

00:08:41.000 But when the government puts their stamp on the greenback and they print out the greenbacks and you get paid, you know, however many credits and you can cash it in for money at the bank at the end of the week or at the end of the month, the reason it has value is because you have faith that other people will accept that it has value in the sense that you can go to the store.

00:08:59.000 And you can say, I'll trade you this many pieces of paper for that t shirt or that video game or that hammer, depending on what store you go to.

00:09:09.000 And that's why money has a certain value.

00:09:12.000 And we denote money in terms of like $1 or $2, but really it's a store of value.

00:09:17.000 That's one of the functions of money it stores value.

00:09:20.000 It's a way to divide value.

00:09:22.000 And that's really what fiat money has come to mean since Nixon broke it away from the gold standard.

00:09:29.000 The Nixon boom when he took it off of the gold standard.

00:09:32.000 Before that, our money was backed by gold or other hard currencies.

00:09:36.000 You know, there were bimetallic currencies, there were monometallic currencies where the money derived its value from the fact that you could go to a bank and exchange it for gold, for hard metal.

00:09:47.000 Now it doesn't have that.

00:09:49.000 And so when we interpret Bitcoin in the 21st century, many people think of it in terms of, well, it's in cyberspace, it's a string of numbers, it's online, and therefore maybe it's less legitimate as a currency.

00:10:00.000 Is it a currency?

00:10:02.000 And I think that helps us understand Bitcoin when we realize that the US dollar that people use to buy all their goods and services, that I mean, we live our life trying to get money and thinking about money.

00:10:14.000 It's not much different than the money that we have.

00:10:17.000 Bitcoin is an online currency.

00:10:20.000 And what it comes down to is cryptography.

00:10:25.000 I think that's the best place to start with Bitcoin.

00:10:27.000 Cryptography is essentially coding, it's essentially not like computer coding, but it's taking a message, encrypting it, and then decrypting it.

00:10:36.000 Cryptography refers to the process that Bitcoin essentially operates as a ledger.

00:10:43.000 In the sense that if I'm talking to you, if I'm in a room with you, and maybe I'm butchering this, but maybe this example will help you think of it in a little bit of an easier way.

00:10:53.000 If I'm standing there with my buddy Steve Chatterson and we're just hanging out on the couch and I give him a pencil, well, he knows that he has retrieved the pencil and I've given up the pencil.

00:11:05.000 I have no pencils and he has one pencil.

00:11:08.000 When you're in real life and you trade goods and services, you don't need to keep track of that because if I transfer a physical object from me to him, I lose the physical object, he gains the physical object, and there's no way I can duplicate that.

00:11:22.000 There's no way anyone can really question that because he'll have it and I don't.

00:11:26.000 When we have the transfer of objects or money or anything else on the internet, it becomes a little bit harder.

00:11:32.000 If you think of it in terms of a digital pencil, if I tell Steve Chatterson, hey, I'm going to email you a digital pencil, It becomes much more complicated because I could have sent that digital pencil out to millions of people.

00:11:45.000 I could have posted it on Twitter.

00:11:47.000 I could have sent that to Steve Chatterson and also to Conspot.

00:11:50.000 I could have sent that digital pencil to Paul Town and then Steve Chatterson.

00:11:54.000 And so, if I only had one pencil to give, well, it's impossible to know if I've duplicated it, if I've double spent it.

00:12:01.000 And that's an important terminology double spending.

00:12:04.000 That's one of the prime problems with currency online.

00:12:07.000 In person, if you're talking about cold hard cash, there's no real way for me to double spend it in the sense that unless I'm running it through a printer, and in which case you could determine it's counterfeit.

00:12:18.000 There's no way for me to spend one dollar at the same time in two different places like there is in cyberspace, like you could with a digital dollar.

00:12:27.000 Bitcoin seeks to solve that problem through something called the blockchain.

00:12:32.000 Normally, online, when you transfer currency from one party to another, you need a ledger.

00:12:38.000 And you need a ledger that is centralized in the sense that it goes through a bank, it goes through a service like PayPal, which is underwritten by a bank.

00:12:46.000 And you need essentially somebody to say, if they're keeping track of all the currency, they're keeping track of credits and debits, you need.

00:12:53.000 Your transaction to go through a centralized source to say, I'm down one pencil and Steve Chatterson is up one pencil, or I'm down one dollar and Steve Chatterson is up one dollar.

00:13:05.000 Otherwise, if there is no ledger, if there is no central accounting authority, then money is not legitimate.

00:13:11.000 I could spend it millions of times, I could double spend.

00:13:14.000 So, normally with the transaction, if you have credits and debits and dollars with your bank account, or if you use PayPal, if you're ordering something off of Amazon, you need it to go through a bank.

00:13:24.000 And that's a centralized authority so they can give their seal of approval and say, yes, this transaction happened.

00:13:30.000 Yes, this dollar went from one person to another.

00:13:34.000 Bitcoin seeks to solve that by decentralizing the process of notarizing transactions through something called the blockchain.

00:13:42.000 And the blockchain essentially has a ledger of all transactions that have ever taken place with Bitcoin.

00:13:48.000 Every transaction of every Bitcoin that has ever existed is in a ledger.

00:13:54.000 Goes in all kinds of computers.

00:13:56.000 Every computer that wants to participate in Bitcoin in the system can get a copy of the ledger of all transactions.

00:14:05.000 And every time a transaction is made using Bitcoin, that transaction is added to the ledger that all computers have.

00:14:13.000 And this is getting a little bit technical.

00:14:14.000 This is where it becomes a little bit more difficult.

00:14:17.000 But everybody has a store of that general ledger.

00:14:20.000 And they call this the blockchain because every transaction is a block.

00:14:24.000 And when you have every transaction ever, they call that a blockchain.

00:14:27.000 It's the chain of all.

00:14:28.000 Transaction of Bitcoin.

00:14:30.000 So if I give Steve Chatterson one Bitcoin, one digital unit of Bitcoin, that is called a block.

00:14:37.000 That transaction is a block.

00:14:39.000 Every transaction, you know, Steve Chatterson gives it to Paul Town, Paul Town gives it to Beardson, Beardson gives it to James Alsup.

00:14:46.000 That would be the blockchain.

00:14:48.000 Every transaction would be a block.

00:14:50.000 They come together in the chain, and that blockchain functions as a type of ledger.

00:14:55.000 And every computer that is a node in the network of Bitcoin that decides to participate.

00:15:00.000 Has a copy of that general ledger of the blockchain that every transaction happens.

00:15:06.000 Now, every time a transaction happens using the Bitcoin, every time I send a Bitcoin from myself to Beardson or Steve Chatterson, it takes about 10 minutes for that transaction to go through.

00:15:18.000 And the reason for that is because that transaction is being tested against all the general ledgers that are stored on all the different computers in the network.

00:15:29.000 Essentially, it says that if I pay Steve Chatterson, you know, say I have 10 Bitcoins.

00:15:33.000 And I pay Steve Chatterson 10 bitcoins, and then immediately after I send Paul Town 10 bitcoins, well, it'll go into the network.

00:15:42.000 It'll go into all these general ledgers that are being kept decentralized.

00:15:47.000 And the first transaction will register, and it'll say, I paid my 10 bitcoins to Steve Chatterson.

00:15:53.000 And it'll go into the blockchain, it'll go into the general ledger.

00:15:56.000 The second transaction that I tried to do immediately after will not clear.

00:16:01.000 Because after the first transaction clears and it gets added to the blockchain, and now all the different computers, Have that added to their general ledger that I gave my only 10 bitcoins to Steve Chatterson.

00:16:12.000 The second transaction will go and be tested against all the different general ledgers, and all the different general ledgers will say, Nick Fuentes went down 10 bitcoins.

00:16:22.000 Nick Fuentes has zero bitcoins.

00:16:24.000 And so, as that transaction spreads out across the blockchain, it will not pass the test because it'll come up against a general ledger which says, Nick Fuentes doesn't have any bitcoins, and therefore he can't transfer an additional 10 to Paultown.

00:16:38.000 He already spent them.

00:16:40.000 It was a, he spent them, therefore he cannot double spend them.

00:16:43.000 And that's how it prevents that from happening.

00:16:45.000 And that's a very simplified explanation.

00:16:47.000 I hope that's pretty clear.

00:16:48.000 It gets pretty technical when you're using language like blocks and blockchain and all of that.

00:16:53.000 But essentially, the way to think of it is decentralized accounting.

00:16:57.000 I mean, that's probably the best way to think of it.

00:17:00.000 And if you think of that compared to the internet, it's very similar to the way the internet worked in the sense that when you're able to transfer currencies from person to person, Without going through a centralized authority, and there isn't a need for a centralized authority to notarize these transactions, to notarize these interactions between people, you can just send money and it's not traceable, it's anonymous, there's no tax, you don't have to go through an institution.

00:17:28.000 It greatly introduces the blockchain, I think, to all sorts of different sectors, to all sorts of different uses, industries.

00:17:37.000 The idea that we no longer have to go through a centralized authority, and in many ways, the internet did the same thing.

00:17:43.000 In the sense that before the internet, you would have to go through a phone company.

00:17:46.000 You would have to go through an internet company to interact with other computers, to network with other computers.

00:17:53.000 After the internet, you could just interact directly with people.

00:17:55.000 You could just email people directly.

00:17:57.000 You didn't have to go through a phone company.

00:17:58.000 You didn't have to go through another kind of a company.

00:18:02.000 And so that is blockchain.

00:18:04.000 That is Bitcoin in a nutshell.

00:18:07.000 I mean, that's the significance of it.

00:18:09.000 I mean, that's basically how it works.

00:18:11.000 And if people are not so much understanding that they could submit their questions to the super chat and I could.

00:18:16.000 Break it down a little bit more.

00:18:17.000 I know for the boomers watching it, it's probably difficult. 0.87

00:18:21.000 It took me a long time to wrap my head around it. 0.99

00:18:23.000 I'm sitting in my basement over here all day trying to figure it out, screaming, punching the wall.

00:18:28.000 I mean, no joke, screaming and punching the wall, trying to wrap my head around blocks and blockchain and signatures.

00:18:34.000 And I mean, it's just a lot of complicated stuff.

00:18:36.000 But Bitcoin surpassed $19,000 today.

00:18:40.000 And I would recommend, I shouldn't make any financial recommendations.

00:18:45.000 I don't know if I'm at a place where I know enough about it to advise people on their money.

00:18:50.000 But The way I see it right now, what we have is a bubble.

00:18:55.000 And a big part of this bubble, I believe, is because people are losing faith in currency.

00:19:00.000 People are losing faith in money as a system.

00:19:03.000 And that's why I think Bitcoin will endure.

00:19:05.000 That's why I think it's important.

00:19:07.000 Because you look at our existing financial system, which is lorded over by the Federal Reserve, where the Federal Reserve basically decides how much money is in the system, they decide the reserve rate in terms of what rate.

00:19:22.000 Banks are allowed to loan out compared to how much actual money they have in the banks.

00:19:26.000 I mean, the Federal Reserve controls monetary policy in the country, and it's only them.

00:19:31.000 And that's very unpredictable.

00:19:32.000 That's very unstable.

00:19:34.000 Because unlike Bitcoin, where there is a very finite amount of Bitcoins that are mined at a very predictable rate according to very predictable rules, Bitcoins being introduced into the economy, with the Federal Reserve, that's not the case.

00:19:46.000 They don't even release certain statistics on the quantity of money, they don't even release certain statistics about how much money they're printing.

00:19:54.000 And so I think what Bitcoin is, is a reflection, I think, on this departure from centralized authority.

00:20:00.000 For a long time, the 20th century, with the introduction of new technologies, was based on the state.

00:20:07.000 Was based on central authority in the sense that when you had the introduction of mass media, when you had the introduction of the internet, when you had the introduction of all kinds of technologies, it all started out in the hands of a very few amount of people.

00:20:20.000 You know, you think of newspaper technology, printing press technology.

00:20:24.000 You had major newspapers that had the printing presses, major companies that were in charge of these things.

00:20:28.000 When you had television come on the scene or radio come on the scene, it was a very finite amount of people who had the technology, who had the license, who had the ability to use them, sometimes in the control of the state.

00:20:40.000 Many times in the control of mega corporations.

00:20:43.000 And even in the wake of the internet, you see social media, you see news media, all these major industries concentrated in a very few amount of hands, a very few amount of elite establishment hands, government hands, quasi government hands, mega corporation, private hands that are no different than government hands.

00:21:02.000 And I think blockchain and Bitcoin is the dawn of a new era where technology starts to move away from centralization and towards decentralization.

00:21:13.000 And this will have a profound effect, I think, on the nation, on the world order, on the nation state as a unit of peoples.

00:21:21.000 Because you understand that once the government loses control of currency, once the government loses control of money, and that is certainly in the cards with the advent of cryptocurrency, when you don't need the government to intercede in transactions between people and they can't tax it and they can't control the supply of it, the government will really lose a significant amount of its power, a significant amount of its influence, its ability to control the country.

00:21:47.000 Throughout history, the money supply has been one of the predominant, one of the most potent tools that a government can use to control the country, to control the economy, to control its expenses and its size and everything else.

00:21:59.000 And we're really moving into uncharted waters here in this era with technology.

00:22:05.000 And it'll be interesting to see how it plays out.

00:22:07.000 I mean, that was just a little bit of a blurb.

00:22:09.000 I hope that's helpful in explaining kind of what's going on there.

00:22:13.000 And, you know, the show is not just about news, but also we got to inform the people about what's going on at a basic level.

00:22:20.000 So.

00:22:21.000 That's Bitcoin.

00:22:22.000 I really don't know enough about it to say whether you should buy it or hold it.

00:22:25.000 You know, it looks to be a bit of a bubble right now because everybody's very excited about it.

00:22:29.000 I would say that right now, the recent explosion in Bitcoin, and especially today when it goes up something like five grand in a day and highly volatile in minutes and hours, I would say right now the current increase, exponential increase, may be a bubble, maybe, you know, the giddiness that we saw in the tech boom or other booms throughout time.

00:22:50.000 Throughout even the past five decades or so.

00:22:53.000 But I would say that long term, Bitcoin has value.

00:22:56.000 When you look at the direction the world is heading in, in terms of the instability of the world, in terms of the mismanagement of the money supply, the mismanagement of the government, you look at the incoming financial recession, and in the longer term, a coming global economic collapse, Bitcoin will be one of the few institutions, one of the few financial institutions that won't be affected, in my opinion.

00:23:22.000 Because look at the way the economy is heading, the world economy, and we are sitting right now on the largest debt bomb in the history of the world.

00:23:30.000 And nobody really talks about that too much.

00:23:32.000 That's more of a libertarian thing.

00:23:33.000 Libertarians, I think, are most concerned about fiscal and economic financial matters, but it's not talked about enough the fact that the entire global economy is propped up on just unsustainable amounts of debt.

00:23:47.000 You look at China, which has grown exponentially in the past 20 years.

00:23:50.000 I mean, you had 15% GDP growth per year in the 90s.

00:23:53.000 That's tapered down to about half, but still pretty large these days.

00:23:58.000 And yet they have a 200% debt to GDP ratio, which means that.

00:24:04.000 The financial value, the fiscal value, rather than the monetary value, of all the goods that China produces in a year, if you multiply that by two, that's how much debt they have.

00:24:15.000 So think of all the goods that China produces in the span of one year every knickknack from Walmart, every aircraft carrier.

00:24:23.000 I mean, everything that China, a billion and a half people produce in a year, multiply that by two, that's their debt.

00:24:30.000 And that doesn't even take into account their local debt.

00:24:33.000 Japan, it's something like 180% debt to GDP.

00:24:36.000 This country is 100% debt to GDP.

00:24:39.000 Every country in the European Union is flirting with a 100% or over 100% debt to GDP ratio.

00:24:46.000 All the major economies of Asia, all the major economies of Europe, the major economies of North America are propped up on unsustainable, unpayable amounts of debt.

00:24:58.000 And they're only growing, they're only increasing.

00:25:02.000 And at a certain point, we're not going to be able to spend money.

00:25:06.000 We're not going to be able to create wealth that doesn't exist.

00:25:09.000 At a certain point, The binge on cheap credit, the binge on near zero interest rates for well over 10 years is going to come to an end very unceremoniously.

00:25:22.000 And the question is not if that's going to happen.

00:25:26.000 The question, more or less, is when.

00:25:27.000 We know it's going to happen sometime in the next decade or so.

00:25:31.000 The question is, how much will it spread?

00:25:34.000 I mean, that's really the question is, will it be confined to North America?

00:25:38.000 Will it be confined to Europe?

00:25:39.000 Will it be confined to Asia?

00:25:41.000 It's going to start somewhere.

00:25:43.000 Every region has their economic faults.

00:25:45.000 Every region is like teetering on the brink of total collapse.

00:25:49.000 And if Europe sinks, Asia will sink.

00:25:52.000 The United States will sink.

00:25:54.000 And there are very few industries, there are very few sectors of the economy which will not be affected, which will not see everything tank.

00:26:01.000 You know, you saw in 2006, it was the housing bust, and people had places where they could put their money that were relatively safe from that.

00:26:09.000 In 2008, when it was the financial sector because of collateralized debt obligations, And, you know, that was part of the housing bust.

00:26:18.000 There were places that you could keep your money.

00:26:20.000 There were places that weren't so much affected.

00:26:22.000 I mean, there was a general downturn, but there were industries that were not totally destroyed and hollowed out by 2006 and 2008.

00:26:30.000 But in this economy, just about every sector is a bubble.

00:26:33.000 Just about every industry is affected by this massive expansion of credit, and therefore you have a bubble.

00:26:41.000 And so Bitcoin comes into play where people see that this is the one thing.

00:26:45.000 This is the one thing that might be safe from that.

00:26:47.000 Where, if the dollar collapses as a reserve currency of the world, if the dollar goes down, if the SP goes down, if these mutual funds go down, Bitcoin will be there with its own rules, with its finite supply, its steady rate of growth in terms of the supply of Bitcoins, and there will be trust in that.

00:27:08.000 I think that's the asset that Bitcoin has is that it's predictable.

00:27:12.000 The asset that it has is that people have faith in it because the protocols are all public, it's safe, it's reliable.

00:27:21.000 I think it's a good investment long term.

00:27:22.000 I'm not a financial advisor, so don't sue me if it doesn't work out for you because I'm not a financial advisor.

00:27:29.000 But I think it's a prudent investment.

00:27:31.000 I don't know if it'll dip in the near future, but long term, I think it'll continue to grow because that's the source of its strength.

00:27:31.000 Maybe not now.

00:27:38.000 And I think very few people understand that about Bitcoin.

00:27:41.000 They see it as like, oh, it's this online cyber thing, therefore it must be less reliable.

00:27:46.000 But in many ways, it's a lot more reliable than the U.S. dollar, which operates by the same rules, except you don't know what rules the Fed plays by.

00:27:55.000 You don't know at what rate the supply is growing.

00:27:58.000 You don't know if it's being counterfeited or whatever.

00:28:00.000 I think the Federal Reserve is a counterfeiter, but.

00:28:03.000 That's Bitcoin.

00:28:04.000 So there it is.

00:28:06.000 That was the main thing of today.

00:28:08.000 And the other big news that we have to get on to something a little bit less technical.

00:28:12.000 I know that's very autistic for a lot of people.

00:28:16.000 They don't like hearing about all these big financial words.

00:28:19.000 In other words, it's going to get very bad economically, and Bitcoin's predictable, so it's going to be valuable.

00:28:25.000 But to get on to the other big news of the day, we heard that Al Franken, or Buddy Al Frankenstein, is resigning from the United States Senate.

00:28:35.000 He announced.

00:28:36.000 This afternoon, from the floor of the Senate, he said that he would be resigning his post as senator of Minnesota tomorrow in response to really pressure from Democrats.

00:28:46.000 It's not so much about sexual assault, it's more so about this recent, very concerted effort to force Al Frankenstein to resign.

00:28:55.000 And so, in a very emotional speech and a very thought out, you know, heartfelt message today, he basically called all the women he accused, who accused him, liars.

00:29:04.000 You know, in the same breath that he said, I regret, you know, everything I did, he said, They're all liars, and I apologize for nothing. 0.99

00:29:11.000 And actually, Donald Trump's a sex abuser, but he did resign. 0.99

00:29:15.000 And the takeaway from this, I think, is two things. 0.94

00:29:19.000 Number one, on the very focused level in terms of what this represents, what this means for us this week, you have to understand that this had nothing to do with sexual assault.

00:29:30.000 This had nothing to do with anything other than Roy Moore.

00:29:34.000 John Conyers stepping down, Al Franken stepping down.

00:29:39.000 With elections like re election.

00:29:42.000 This had nothing to do with like doing the right thing, being moral, putting country over party.

00:29:49.000 I mean, that had nothing to do with it.

00:29:51.000 It has to do with the fact that Roy Moore is on his way to being elected on December 12th.

00:29:56.000 Mitch McConnell knows it.

00:29:58.000 Nancy Pelosi knows it.

00:30:00.000 Paul Ryan knows it.

00:30:01.000 Chuck Schumer knows it.

00:30:02.000 Donald Trump knows it.

00:30:04.000 And when Roy Moore gets elected on December 12th, it's going to be a hard case for Democrats and Republicans to make.

00:30:11.000 That Roy Moore should be delegitimized or he should be dismissed from the Senate, like they're talking about doing, if they have Al Frankenstein continuing to serve and John Conyers to serve, when there's much more hard evidence about their sexual assault accusers and allegations than there is for Roy Moore.

00:30:28.000 So you can expect that when Roy Moore wins on December 12th, they're going to try to dismiss him.

00:30:34.000 They're going to try to get him out of his seat.

00:30:36.000 I don't know to what effect that'll be useful.

00:30:38.000 I imagine that Trump will be able to exercise power in his party enough that he'll prevent that from happening.

00:30:45.000 I don't think that it was total BS when he talks about how we need the vote from Alabama.

00:30:50.000 We need a Republican vote from Alabama.

00:30:52.000 So I think Donald Trump will act in a way that will allow this to happen.

00:30:57.000 I think Mitch McConnell will accept Roy Moore's victory.

00:31:00.000 Paul Ryan hasn't really been so much of a player because he's the House.

00:31:03.000 But the Democrats have done this to strengthen their hand, I think, not only in fighting against Roy Moore when he gets elected on December 12th, but also against Donald Trump.

00:31:12.000 You know, there are early rumors, there are early talks already.

00:31:16.000 About, well, Al Frankenstein steps down.

00:31:18.000 We talk about John Conyers.

00:31:20.000 What about Donald Trump?

00:31:22.000 What about the Hollywood access tape?

00:31:24.000 We recall this week that Billy Bush did a big New York Times op ed scolding Donald Trump, saying, Yes, you did say that.

00:31:31.000 Yes, you did say, grab him by the you know what.

00:31:35.000 And he did the rounds.

00:31:36.000 He went on Stephen Colbert for a big, you know, his big moment in the sun to say, It was, oh my God, it was so bad.

00:31:42.000 Donald Trump did say that.

00:31:44.000 It was such a crazy time, whatever.

00:31:46.000 And I think they're already setting up.

00:31:48.000 I think the Al Frankenstein, the John Conyers resignation was a setup, not just for Roy Moore, but with Donald Trump, because you understand that the Democrats, their moral high ground, their moral.

00:31:58.000 Superiority that they were able to use against us in 2016, and even, I mean, forever, for decades, has evaporated in the past few months with the celebrities that have been taken down. 0.87

00:32:10.000 That was pretty indirect, but more directly, when all these sexual assault allegations came to light, and they were all Democrats in Nevada and California and Minnesota and Michigan, they looked like the biggest hypocrites in the world.

00:32:22.000 And they know that going into 2018, it'll be tough for them to say Donald Trump is a bad person, the Republicans are bad people.

00:32:29.000 And run on character arguments when they have seated in the Senate and the House of Representatives people that have been accused of sexual assault, very credible allegations of sexual assault.

00:32:38.000 So that was politics.

00:32:40.000 That's takeaway number one.

00:32:42.000 Takeaway number two is that regardless of what they do about this, regardless of if Al Frankenstein resigns, regardless of if Conyers resigns, they've already lost.

00:32:52.000 I mean, that's the grand takeaway from everything is to think of how much progress we've made in a year in the sense that it doesn't matter if he resigns, it doesn't matter who resigns.

00:33:02.000 I mean, the votes don't even matter. 0.96

00:33:04.000 It matters that one year ago, Democrats essentially ran in November on Donald Trump is a sexist and a bad guy.

00:33:14.000 And one year ago, they were able to make that argument, unquestionably.

00:33:18.000 People trusted CNN, people trusted the New York Times.

00:33:22.000 When the DNC was just like the Hollywood Walk of Fame, it was all just celebrities and sports stars and singers and all kinds of things.

00:33:30.000 People watched that and they said, well, that makes me want to vote for Hillary more.

00:33:34.000 One year later, just one year later, the mainstream media has no credibility.

00:33:40.000 CNN is fake news.

00:33:42.000 NBC is fake news.

00:33:43.000 ABC had to fire a reporter because they lied.

00:33:47.000 And I'm not saying that NBC is fake news.

00:33:49.000 I'm saying in the minds of the public, they have been associated, they have been irrevocably branded as fake, as phony, as untrustworthy, as biased.

00:33:58.000 Trust in the mainstream media is at the lowest it's been, I think, in American history.

00:34:03.000 Completely delegitimized, lost all credibility in the span of a year.

00:34:07.000 And remember, The mainstream media was one of the most powerful elements and institutions against Donald Trump.

00:34:13.000 I don't even think it was Hillary Clinton.

00:34:15.000 I don't even think it was the Democratic Party.

00:34:17.000 The number one lobbyist, the number one super PAC for the Democrats was the mainstream media, was CNN, was NBC, and a year later, done, gone, completely neutralized.

00:34:29.000 The NFL, the NBA, all these other institutions, all the sports institutions, ESPN, that got so political last year.

00:34:37.000 Remember that?

00:34:39.000 Sports commentators, and I don't watch sports, but from what I hear on Fox News, it got very political in terms of the protests, in terms of the commentators.

00:34:49.000 It became very left wing.

00:34:51.000 They're done now after the kneeling, after Trump went after them on Twitter.

00:34:55.000 They have no political voice.

00:34:57.000 Nobody takes them seriously.

00:34:58.000 Nobody listens to that.

00:34:59.000 People don't even watch it for the sports anymore, a lot of people.

00:35:03.000 That's done after just one year.

00:35:06.000 Hollywood, if you even have to say it, has lost all credibility.

00:35:10.000 After Harvey Weinstein came down, after everybody, even Time Magazine named the accusers of Hollywood as people of the year, the people of the year, the Me Too advocates who blew the whistle on all the sexual assault going on in Hollywood.

00:35:24.000 They're gone.

00:35:25.000 Anybody that wants to accuse President Trump in 2020 of being a sexist, they're going to have a hard time of doing it from Hollywood.

00:35:32.000 They're going to have a hard time doing it if they worked in television at any point.

00:35:37.000 Even left wing people understand this.

00:35:40.000 And then at long last, I mean, we went through the mainstream media, sports, entertainment, and even the Democratic Party, even the GOP, even the investigative arms of these political bodies has been completely neutralized.

00:35:54.000 You have people like Al Franken, John Conyers, the congressman from Nevada, the congressman from California, the congressman, regrettably, from Arizona today.

00:36:03.000 All of them being accused of sexual assault.

00:36:06.000 I mean, they have no credibility now, they have no moral high ground.

00:36:10.000 Even the investigation committee that said, We're American and we just don't want collusion in the election.

00:36:16.000 There have been three people so far that have either been demoted or fired in the House intelligence investigation into Donald Trump, into Robert Mueller's special counsel investigation, because they had anti Trump bias, either in the form of emails or texts or statements.

00:36:32.000 And so, what we're moving into in 2018, what we're moving into more broadly in 2020 and beyond, is a political arena where every single cultural institution, every political institution, Every lobbying institution that the left had before, that gave them an enormous advantage before they even decided which candidate to run, have all been completely neutralized, every single one of them.

00:36:59.000 And it cannot be stated how important that is.

00:37:01.000 It cannot be understated or overstated.

00:37:05.000 It cannot be overstated how important that is.

00:37:08.000 And I think you really start to understand what President Trump's strategy has been.

00:37:13.000 You have all these smart guys, all these real brainiacs out there saying, why are you tweeting about the NFL?

00:37:19.000 Let's build the wall.

00:37:20.000 Donald Trump understands that this is a process.

00:37:25.000 Donald Trump will not make the same mistake that Barack Obama did.

00:37:29.000 Barack Obama, instead of solidifying his electoral gains, which he should have done, if he had gotten massive amnesty passed, if he had gotten comprehensive immigration reform passed, if he had basically consolidated control of these institutions and of the demographic situation, if he had consolidated his party machine so that the Republicans couldn't have come back in 2010 and 2012 and 2014.

00:37:54.000 And won both changes of Congress, he would have been a transformative president.

00:38:00.000 He would have had Hillary Clinton win in 2016.

00:38:03.000 He would have had Obamacare.

00:38:04.000 It probably would have been better.

00:38:06.000 It probably would have worked if he waited four years.

00:38:09.000 If he got in a Congress that was able to pass something that was legitimate and was good and was well thought out, serious reform.

00:38:17.000 But he didn't do that.

00:38:18.000 He wanted good news cycles, he wanted good press, he wanted to appease his supporters, he wanted to look like he was doing things.

00:38:27.000 And so that's why the only major landmark pieces of legislation in his entire presidency were passed within the first two years of him getting into office.

00:38:37.000 Passed with very little Republican support and are now dead, are now nowhere to be found, completely destroyed within the first year of the Trump presidency.

00:38:48.000 And Donald Trump could do that if he wanted.

00:38:49.000 Donald Trump could have, he could probably get funding on the wall.

00:38:53.000 I mean, he could probably, I think, get started on the wall.

00:38:56.000 Maybe.

00:38:56.000 I don't even know if he could, given the current situation in Congress.

00:38:59.000 But.

00:39:00.000 He could be doing a lot better than he is if he were going all out, if he were wasting all his political capital, wasting all of his energy, wasting all of his time, going after big, huge reforms in the first year to appear like he was doing something.

00:39:16.000 He could have presided like Barack Obama.

00:39:18.000 And you know what?

00:39:19.000 He'd be getting great news cycles.

00:39:21.000 Nobody would doubt whether or not Trump was doing a good job.

00:39:24.000 Nobody would be questioning whether or not he's doing a good job.

00:39:29.000 But then in 2018, he'd be facing a Democratic Congress.

00:39:32.000 The media against him, Hollywood against him, the sports media entertainment complex would be against him, the Democratic Party, his own party would be against him.

00:39:42.000 By 2018, any hope that he had to pass legislation would have died.

00:39:47.000 The momentum from 2016 would be gone, the mandate from 2016 would be gone, probably the majorities from 2016 would have been gone.

00:39:55.000 And by 2018, he would have no chance of passing anything.

00:39:59.000 He would not get reelected in 2020.

00:40:02.000 He would be done, and we would be done.

00:40:04.000 Democrat would get elected in 2020.

00:40:06.000 They'd have their Congress and they wouldn't make the same mistake twice.

00:40:10.000 But what Donald Trump is doing is he is targeting where the power comes from.

00:40:14.000 He's targeting where the legislation comes from.

00:40:17.000 He's focusing on building a new party brick by brick, what Ronald Reagan never did, what George Bush never did, what Barack Obama never did.

00:40:27.000 And so, right now, what you see him doing when he's going and he's campaigning in West Virginia and he's campaigning in Pennsylvania and in Arizona and he goes to Utah and he goes to Utah.

00:40:36.000 And he tells people, I'm selling you back your land.

00:40:39.000 He goes to the state capitol of Utah, where people are talking about running spoiler candidates in 2020, where people are talking about running hostile candidates for Senate in 2018.

00:40:50.000 He went to Utah in a move that made no sense to anybody that thinks he's trying to get macro legislation passed and gave a speech about selling land back to people.

00:40:58.000 Now, why would he do that?

00:41:01.000 Why would he go to Arizona and pardon Joe Arpaio?

00:41:04.000 Why would he go to West Virginia and get the governor of West Virginia to convert from Democrat to Republican?

00:41:10.000 Why would he make All this bluster and make all this effort to pass trade deals, specific trade deals with specific companies to get plants opened up in states like Wisconsin and Michigan and Pennsylvania.

00:41:22.000 Why would he do that?

00:41:23.000 Why would he be focusing on coal in the Rust Belt in places like Ohio and Pennsylvania?

00:41:28.000 And he neglects immigration for now, or at least he doesn't go all out on immigration.

00:41:34.000 It's because he's focusing on building a new Republican Party and building a new party and building a new majority in both houses of, or both chambers of Congress.

00:41:44.000 So, that in 2018, everybody that hasn't defected to President Trump away from Paul Ryan and Mitch McConnell gets primaried, either by Steve Bannon or somebody inspired by Steve Bannon.

00:41:54.000 And when he gets that majority for the next two years, guess what?

00:41:56.000 We're getting wall funding.

00:41:58.000 We're getting started on the wall.

00:41:59.000 We're going to repeal Obamacare in a serious way.

00:42:03.000 I mean, he's already accomplished so many things.

00:42:03.000 We're going to start.

00:42:05.000 I mean, we could really get started on the transformative things.

00:42:09.000 Would he even need a second term if we've already gotten rid of TPP?

00:42:14.000 We're already renegotiating NAFTA. 0.87

00:42:16.000 Gotten rid of ISIS. 0.56

00:42:16.000 We've already. 0.56

00:42:18.000 We've already done so much, and the next two years we could really have a shot at transformative change.

00:42:23.000 So I implore people to think of it in a more strategic way, the way Trump is.

00:42:29.000 That all these institutions that would have opposed him, that would have been a threat to him, that would have been a real obstacle to overcome to have these institutional reforms by winning these elections, I mean, that is, it's just brilliant.

00:42:42.000 And it's delayed gratification, but it's working.

00:42:46.000 2018 would have been a bloodbath.

00:42:48.000 I mean, could you imagine?

00:42:49.000 All the organizing that George Soros has done.

00:42:51.000 I mean, think of all the animus against Trump in this country and all the money that's being pushed into it, all the politicking going on behind the scenes.

00:43:00.000 I mean, the Democrats must have thought the day after the election, or maybe a week after the election in November 2016, we have to do everything in our power to stop this guy.

00:43:12.000 All the money, I mean, this is an emergency.

00:43:14.000 It has to be stopped.

00:43:14.000 Even social media, I mean, they have control over Facebook, Twitter, you name it.

00:43:19.000 2018, if we hadn't gone out of our way to neutralize these institutions, It would have been a bloodbath.

00:43:25.000 We would have gotten killed.

00:43:26.000 It would have been no hope.

00:43:27.000 So, hope people can look at it that way.

00:43:30.000 I know that's not the obvious answer.

00:43:32.000 It's not the obvious thing.

00:43:33.000 I know it's not campaign Trump, but governing Trump, I think, vindicates everything we imagined about him.

00:43:40.000 He said in the 1970s, remember, in that fabled interview in the late 1970s, he said, politics is a mean game, it's a nasty game.

00:43:50.000 He said, you know, maybe you need a great big smile to win, but you're not going to get people who know what actually needs to get done.

00:43:56.000 And you need people like me.

00:43:57.000 And I'm paraphrasing, but that's essentially what he's been saying for 30 years.

00:44:01.000 And that's what we said when we shilled for him all throughout 2016.

00:44:04.000 We said, this is an executive.

00:44:06.000 This is a businessman.

00:44:08.000 This is somebody who knows how to think strategically, that maybe he doesn't have experience in politics, but he has experience in leading and being an executive.

00:44:16.000 And that's so important.

00:44:17.000 So he's really vindicating that for us on the tactical front.

00:44:21.000 So that's Al Frankenstein.

00:44:22.000 You're not going to hear that analysis on Ben Shapiro's show.

00:44:25.000 Ben Shapiro's going to tell you rape is wrong.

00:44:27.000 You're going to watch Ben Shapiro, and Ben Shapiro is going to say, Al Frankenstein.

00:44:30.000 Well, he's going to call him Al Franken.

00:44:32.000 You know, we're not going to out a fellow white person. 1.00

00:44:35.000 Ben Shapiro is going to say, Al Frankenstein is a rapist. 0.99

00:44:37.000 And you know what? 1.00

00:44:38.000 This just goes to show that the Democrats are hypocrites and the left is hypocrites. 1.00

00:44:42.000 And Roy Moore, you shouldn't vote for him. 0.99

00:44:44.000 I mean, you're going to get a very basic talking point.

00:44:47.000 Not going to get that detailed analysis, well fought out 250,000 IQ analysis.

00:44:55.000 You're not going to hear it anywhere else, folks.

00:44:58.000 You won't hear it.

00:44:58.000 So that's Al Frankenstein.

00:45:00.000 The last thing we want to talk about before we, and actually, we better get to questions because we got overdrive in 15 minutes.

00:45:07.000 So we'll get to your super chats and we'll have to cover. 0.66

00:45:10.000 I was going to cover the porn star who killed herself because she didn't want to get AIDS, basically.

00:45:16.000 But we'll cover that tomorrow, I guess, because we got to get to your questions.

00:45:20.000 Overdrive.

00:45:20.000 We don't want to go over into overdrive tonight.

00:45:24.000 So let's check out our super chats.

00:45:27.000 And let's see.

00:45:28.000 We got Matt Williams.

00:45:29.000 Nick has nice hair.

00:45:30.000 Ooh, woo.

00:45:33.000 I guess I'm here to stay then.

00:45:35.000 I guess I won't leave the movement.

00:45:37.000 I guess I won't go back on my mission because somebody said a nasty thing to me.

00:45:42.000 I purported to believe in things.

00:45:44.000 I purported to say I cared about things and I fought for things.

00:45:47.000 But now that somebody has told me a nice thing as opposed to a nasty thing, I'm not going to leave.

00:45:52.000 I was going to leave because somebody said a mean thing to me.

00:45:55.000 She blocked me on Twitter, by the way.

00:45:57.000 Isn't that rich?

00:45:58.000 I mean, if that doesn't go to show.

00:45:58.000 Isn't that great?

00:46:00.000 Marissa Blythe says women fleecing money from men is a huge problem online. 1.00

00:46:05.000 Exactly! 1.00

00:46:06.000 It's the pay pig stuff.

00:46:07.000 That people have a problem with.

00:46:09.000 And in before, people say, Nick, you have a Patreon.

00:46:13.000 I say at the end of every show, I say, if you'd like to make a donation, and you don't have to, but it does help, I mean, there's the information.

00:46:20.000 Because people so often ask me, how can I support you?

00:46:23.000 And also, people aren't doing it for a sexual way.

00:46:25.000 People aren't doing it because I have a nice set.

00:46:28.000 Okay, nobody's doing it because I flip my luscious hair around and regurgitate like these basic talking points.

00:46:36.000 So you're right. 1.00

00:46:38.000 Let alt right women do their thing, but save your cash and patronize only worthy real life causes. 1.00

00:46:43.000 Exactly. 1.00

00:46:44.000 And you know what?

00:46:44.000 I talked actually to a good friend of mine, Alex Wadaslowski, earlier, and he said that every woman in the alt right that I've talked to agrees with you on women in the alt right.

00:46:54.000 This is not controversial.

00:46:56.000 We're not against women.

00:46:57.000 We're really not.

00:46:58.000 I mean, unironically, if we could be serious for a moment, we're not against women.

00:47:02.000 We understand, I mean, we talk about on the show how women are the most important thing to our movement in the sense that men can do as much as we can.

00:47:13.000 But if women are not there being good mothers and raising the next generation, forget it.

00:47:18.000 We could do the best work.

00:47:19.000 We could be the greatest titans the movement has seen if we don't have women raising kids in a way that will produce a next generation worthy of carrying the torch. 1.00

00:47:30.000 Forget it. 1.00

00:47:31.000 You might as well not do anything at all.

00:47:32.000 You might as well be a boomer, essentially.

00:47:34.000 I mean, that's what they did. 0.98

00:47:36.000 And so women are the most important thing insofar as they are traditional and they are doing their part. 0.85

00:47:43.000 If they're not doing their part, it's all gone.

00:47:45.000 So we're not anti woman.

00:47:47.000 We love women.

00:47:48.000 And women have a place in the movement, I think.

00:47:51.000 In the sense that they can provide an example to younger women, or in the case of Van Coulter, I mean, this is a brilliant woman who does her research and she's funny and she's cool and she's punchy and she can really bring her game and she doesn't let any of that stuff bother her.

00:48:07.000 And that's why she's respected.

00:48:09.000 She doesn't pretend to be anything more than she is.

00:48:11.000 She says, I'm a pundit and here is my work on immigration.

00:48:15.000 And she does her research.

00:48:17.000 She's not out there like, tee hee, tee hee, I'm fashion too.

00:48:23.000 Look at me.

00:48:24.000 I'm wearing my cool bandana.

00:48:27.000 Go, America. 0.97

00:48:28.000 Go, Fashie Goy, right?

00:48:30.000 Give me money now.

00:48:31.000 I mean, she's out there laying down the stats, okay?

00:48:37.000 And she's doing it in a cool way.

00:48:38.000 And she's huge in terms of popularity. 0.98

00:48:41.000 She sells books. 0.86

00:48:42.000 I mean, she's great. 1.00

00:48:44.000 And so there is a place for women, but it's just you just got to stay in your lane. 1.00

00:48:48.000 Don't expect special treatment. 1.00

00:48:50.000 Walk the walk.

00:48:52.000 And yeah, just quit being a fin dom, all right?

00:48:54.000 Nobody wants. 0.99

00:48:55.000 We don't want a movement of pay pigs. 1.00

00:48:56.000 We don't want a movement of pay piggies. 0.99

00:48:59.000 And I think we're good, okay? 1.00

00:49:00.000 The women understand this. 1.00

00:49:03.000 This is about thoughts alone. 1.00

00:49:05.000 If you're not a thought, it doesn't concern you.

00:49:07.000 We review you like we would the Mother Mary if you're not a thought.

00:49:11.000 But thoughts, be on the lookout.

00:49:13.000 We will find you, okay?

00:49:14.000 Wherever you are, whether you're online or wherever, we're going to find you and you will be nagged for being a thought, okay?

00:49:22.000 I mean, unless you're honest about it, unless you're transparent about it, the crypto thoughts that are there and they're hiding behind the veneer of trad, We will rip the veil right off, and rhetorically, of course, and we'll say, You are a thought.

00:49:37.000 And there's no recovering from that.

00:49:39.000 Gary Oak giving us a single shekel.

00:49:41.000 Thank you. 1.00

00:49:43.000 J22 reports, Some shekels from one of the unwashed masses. 1.00

00:49:46.000 Thank you. 1.00

00:49:47.000 And of course, I'm joking.

00:49:48.000 We love our people.

00:49:49.000 It's a little, it's a neg that's ironic, but it's also based on hierarchy.

00:49:54.000 So, albino Lucifer says, Please use this to get a haircut.

00:49:58.000 All right.

00:49:59.000 I'm out.

00:50:00.000 I'm done.

00:50:02.000 After the show, I'm deleting everything.

00:50:04.000 I, I've given up the fight because you said that just now.

00:50:07.000 Simon Scola says you had Enoch, a guy with optics only slightly better than the Daily Stormer on the show.

00:50:14.000 You had Millennial Med, a Holocaust revisionist.

00:50:16.000 When will you bring on the good doctor, David Duke?

00:50:20.000 The problem that people don't understand about optics is that optics has optics.

00:50:25.000 It's like optics inception.

00:50:27.000 And that's going to sound ironic to a lot of people. 0.99

00:50:29.000 For low IQ brainlets, that's going to sound silly. 0.72

00:50:32.000 But what I mean by that is optics is about appearance. 0.60

00:50:36.000 And so while Millennial Matt and David Duke might not have different views, it's different because Millennial Matt is not like a synonym for the Ku Klux Klan. 0.99

00:50:46.000 You know, David Duke, unfortunately, because of his past activity, and that's not even a neg, that's not even to bust his balls.

00:50:54.000 That's just to say, because of the way he came up and how the movement has evolved and his role in it, that is forever the connotation. 0.94

00:51:06.000 And that's unfortunate because I don't think he has hate in his heart.

00:51:09.000 I don't think he's a bad guy.

00:51:10.000 I think he regrets those associations that he made.

00:51:15.000 But unfortunately, you can't go back and change that.

00:51:18.000 And people that want to, I think, put their pet pundit or their pet friend or associate and rehabilitating their image ahead of the actual agenda.

00:51:30.000 Like, if we have to fight against mass immigration and also fight to rehabilitate people's public personas.

00:51:38.000 I mean, one is going to impede the other.

00:51:40.000 You cannot rehabilitate and also be going for something.

00:51:44.000 You know, you have to focus on what is pragmatic.

00:51:48.000 And the other stuff, it's unfortunate that people are not clear sighted about it.

00:51:52.000 It's unfortunate that people can't have these people to the table for these conversations because of these connotations and these associations.

00:51:59.000 But that's the reality.

00:52:00.000 And everybody understands this.

00:52:02.000 Like Mike Enoch, he's not as big of a name.

00:52:04.000 Nobody's going to hear Mike Enoch and think KKK like they would with David Duke.

00:52:09.000 You know, my mom, when I got back from Charlottesville, this is a good anecdote.

00:52:13.000 When I got back from Charlottesville, I'm in the car.

00:52:15.000 My mom picks me up from the airport, and she said, Was that really a good idea?

00:52:18.000 Like, David Duke was there.

00:52:19.000 I said, Mom, not for nothing, but have you ever seen David Duke in your life?

00:52:22.000 Have you ever read one word he's written?

00:52:24.000 Have you ever watched one of his videos?

00:52:27.000 Do you even know who he is?

00:52:28.000 And she said, Well, no, but wasn't he in the KKK?

00:52:32.000 I said, Yeah, 40 years ago.

00:52:34.000 Do you regret anything you've done 40 years ago?

00:52:36.000 And she said, Yeah, but I go, Okay.

00:52:38.000 Before you decide that you hate somebody because somebody On TV, told you so.

00:52:44.000 I mean, you should make your own judgment.

00:52:46.000 And that's a, you know, ideally, that's how it would be.

00:52:49.000 But unfortunately, that's not the political reality of the situation.

00:52:55.000 So that's why, you know, Mike Enoch, Millennial Matt, we can bring him on because nobody's, my mom's not going to hear those names and think white supremacist, you know, as the boomers say sometimes.

00:53:04.000 But they do with the good doctor.

00:53:05.000 And, you know, the good doctor, we wish him the best.

00:53:08.000 I know, I mean, I think he's a very courageous guy to push the views that he does and unapologetically.

00:53:15.000 But we're not the same movement.

00:53:17.000 And that doesn't mean like I don't like the guy or I have a problem with his followers, but we're not the same movement.

00:53:23.000 The optics decisions that he's made have put him in a certain place.

00:53:28.000 But I mean, that's okay.

00:53:29.000 I think people respect that.

00:53:30.000 And I think he respects that.

00:53:31.000 And that's fine.

00:53:33.000 We don't have to divide each other on these things.

00:53:35.000 Marissa Blythe says, please consider having Michael Hoffman on the show.

00:53:39.000 Excellent optics.

00:53:40.000 Plus, he's a devout Christian and a reputable journalist.

00:53:43.000 That's a very good book, Judaism, Strange God.

00:53:43.000 I will consider that.

00:53:46.000 So, yeah, I may reach out to him.

00:53:49.000 Charles Heiston says, Debate the alt light on the show.

00:53:52.000 Hashtag money to charity.

00:53:53.000 I mean, whenever anybody wants to come on, the last person I debated from the alt light was Will Chamberlain, and he's never had a debate since then because I think he knew what happened.

00:54:04.000 I think everybody knew what happened.

00:54:06.000 You know, he's a lawyer from Georgetown, national debate champion, 30 some years old, like a professional lawyer from Washington, D.C., and he got his butt handed to him by a 19 year old. 0.71

00:54:17.000 You know, he kept saying, Nick gets a handicap.

00:54:20.000 If Nick does this, he's a big winner, but nobody expects him to win.

00:54:23.000 And I mean, like universally, I was the victor, it was reported.

00:54:27.000 So I think that was, in a way, that was almost a strategic mistake because now nobody will come on the show.

00:54:35.000 I mean, I invited Cernovich to come on the show and he refused.

00:54:40.000 But I don't know.

00:54:40.000 If I could get a serious alt light personality on the show who's willing to do it, I'd be happy to.

00:54:45.000 Right from wrong says, How can everyone have debt?

00:54:48.000 Who's it owed to?

00:54:49.000 Oh, you know who it's owed to.

00:54:51.000 It's owed to the banks.

00:54:53.000 Owed to the banks.

00:54:54.000 And who runs the banks, right?

00:54:56.000 The globalists run the banks. 0.99

00:54:57.000 But BioShock runs the banks.

00:55:01.000 BioWare runs the banks.

00:55:02.000 No.

00:55:03.000 Everybody owes, and that's a huge problem.

00:55:05.000 Problem.

00:55:06.000 You understand that the source of their power comes from money.

00:55:09.000 We have no money.

00:55:11.000 You may have money, but you have no assets.

00:55:13.000 You have no income in the sense that your expenses are equal to or marginally less than your income.

00:55:21.000 That's a problem.

00:55:22.000 When you don't own your car, when you don't own your house, when you don't own your land, and I think if you don't have a gun, you don't own your land in a serious capacity, you have no power.

00:55:31.000 That's how they've disenfranchised us.

00:55:33.000 You may have nicer things than they had years ago, but you don't own it and it's lesser quality.

00:55:39.000 And that's a big problem.

00:55:40.000 That means you have nothing, you have no power.

00:55:42.000 And that's not to say that, like, riches are everything, but it is to say that a thriving republic where you have a significant degree of autonomy and liberty rests on the fact that property and wealth is largely distributed.

00:55:56.000 I'm not like a socialist, I'm a distributist.

00:56:00.000 The economy and society works better when people are wealthier, when they have more.

00:56:05.000 It's distributed and not so disparate as it is right now.

00:56:09.000 That doesn't make me a Bolshevik, that makes me a distributist.

00:56:12.000 Still a capitalist, but.

00:56:14.000 People, we need to have a middle class again.

00:56:16.000 We have policies in place that are making it so that people prioritize their time horizon differently.

00:56:22.000 People are spending and splurging all their money and not saving it and delaying gratification, and that's a problem.

00:56:28.000 But maybe we'll do another show on that.

00:56:30.000 Christmas Boy says, Nick, please give this to my queen, Lauren Southern.

00:56:34.000 I can't find her Patreon.

00:56:35.000 I'll be sure it gets to her.

00:56:38.000 Dick Bickle, Nick, do you think Trump moving the embassy to Jerusalem was a concession?

00:56:42.000 Whoops, missed that one.

00:56:44.000 To AIPAC lobby in exchange for their support on tax reform.

00:56:48.000 The timing seems peculiar.

00:56:49.000 Yeah, I mean, moving into government shutdown midterms, I think it definitely could have had something to do with AIPAC.

00:56:55.000 And if you look at some of the lobbyists for Trump, Sheldon Adelson is one of them, I think that's definitely a good explanation for it because it was so sudden.

00:57:03.000 And they only made an announcement.

00:57:04.000 They delayed the moving of the embassy to Jerusalem for six months by signing the waiver.

00:57:09.000 So they only made an announcement.

00:57:11.000 That's very cheap politically.

00:57:14.000 Matt Williams, Nick, what do you think of the FBI owning a majority of Bitcoins?

00:57:19.000 That's pretty spooky.

00:57:20.000 I don't like that so much.

00:57:22.000 But I don't know.

00:57:24.000 I don't know.

00:57:25.000 I guess it's.

00:57:26.000 I don't really think that's going to hurt the overall infrastructure of it, but I don't like that the government has money generally. 0.86

00:57:32.000 Hitler's waifu. 0.99

00:57:33.000 Wouldn't sexual abstinence be the way to go instead of engaging in gay sex with traps and using the excuse as last resort, like you said? 0.99

00:57:41.000 Ideally, everyone would be abstinent. 0.97

00:57:43.000 Ideally, there would be no thoughts.

00:57:46.000 Ideally, we're going to talk about ideally.

00:57:49.000 I mean, the sky's the limit. 0.97

00:57:50.000 But as I said before, Traps technically are gay, but war crimes, folks. 0.98

00:57:59.000 War crimes. 0.98

00:58:00.000 I compare it to a war crime.

00:58:02.000 Things happen.

00:58:03.000 We're in a cultural war for our people, and people have urges.

00:58:09.000 It's like in Syria when you have to eat dogs because the supply lines are broken.

00:58:14.000 It's eating dogs.

00:58:15.000 That's what traps are.

00:58:17.000 Ideally, you don't have to eat dogs.

00:58:18.000 Ideally, you don't have to eat rats and gaming stuff like that.

00:58:23.000 Desperate times.

00:58:24.000 That's all I'm saying.

00:58:25.000 Is it a meme argument?

00:58:26.000 Is it a serious argument?

00:58:28.000 You be the judge.

00:58:30.000 Governor Wallace says, What happens to my Patreon donations once you and James stop working together?

00:58:35.000 We will never stop working together.

00:58:37.000 Me and James are doing great.

00:58:39.000 I called them up after the show last night.

00:58:41.000 We're better than ever.

00:58:43.000 Don't believe the lies.

00:58:44.000 Don't believe the very globalist lies, the very, you know, kind of lies about me and James.

00:58:53.000 We're stronger than ever.

00:58:55.000 The thing about me and James, which I like, is that we're honest with each other.

00:58:58.000 And when there's a disagreement, we have the disagreement.

00:59:02.000 That's a source of strength.

00:59:04.000 When we debate on our show, that's a source of strength because we have so much faith in the integrity of the relationship that we can have a heated disagreement.

00:59:13.000 And we know that the next day I can call him on the phone or I could DM him and it's okay.

00:59:18.000 I mean, that's really, I think that just goes to show that it's a strong partnership.

00:59:22.000 People say you argue sometimes, you guys are different.

00:59:25.000 I think it's a testament that we're willing to sometimes have this expand and contract.

00:59:32.000 You know, it goes to show that it's got some elasticity to it, which is a good thing.

00:59:37.000 And shoot, I'm running out of time here.

00:59:39.000 Spoiler alert, maybe Appalachia should be mined bitcoins or should mine bitcoins.

00:59:44.000 Could be a fun rebranding of the area.

00:59:46.000 Merry Christmas.

00:59:47.000 Yeah, maybe.

00:59:47.000 Merry Christmas to you, too.

00:59:49.000 The problem is that in a lot of areas, they don't even have electricity or internet in some cases.

00:59:54.000 Hamside, sorry, Nick spent the donation money on a GTX 1060.

00:59:58.000 I can't blame you for doing that.

01:00:00.000 Simon Skola, I get it.

01:00:01.000 The Duke man will taint Amfirst Media if you have him on simply due to his name being synonymous with evil to normies.

01:00:06.000 Also, I bought a mug.

01:00:07.000 Well, glad you understand it.

01:00:09.000 Thanks for purchasing the mug.

01:00:10.000 We're going to do another huge order of mugs.

01:00:13.000 They were so popular, they sold out in less than two weeks.

01:00:17.000 So, we're doing another order this week, I believe.

01:00:20.000 And hopefully, you'll be able to get the second order in time for Christmas.

01:00:23.000 We're going to start shipping these out this week, and hopefully, we'll get another order in sometime next week.

01:00:29.000 But that's going to do it for us tonight.

01:00:31.000 We've got to do Overdrive coming up right now.

01:00:34.000 That's all we have for you tonight.

01:00:36.000 Remember to donate to our Super Chat on this show or on Overdrive.

01:00:40.000 All the money.

01:00:41.000 All of it, every dime goes to the Christian Appalachian Project.

01:00:45.000 All the revenue raised in December goes to charity, helping our good people in Eastern Kentucky, the forgotten men and women of America.

01:00:52.000 We haven't forgotten, folks.

01:00:54.000 So, a very good cause.

01:00:55.000 Please donate during my show or James' show for that.

01:00:58.000 All my information is down below to follow me Twitter, Facebook, Periscope, Gab.

01:01:03.000 My financial information.

01:01:04.000 If you want to be a pay pig for me instead of Lauren Southern, let me tell you, I could be a much better Finn Dom than Lauren Southern. 0.87

01:01:11.000 So, if you want to be my pay pig, All the information is down there. 0.97

01:01:14.000 I will neg you. 0.97

01:01:15.000 I will criticize you online.

01:01:16.000 I'll abandon the movement if you say mean things to me.

01:01:19.000 So donate to my Patreon, please.

01:01:21.000 But that's going to do it Monday through Friday, 7 p.m. Central, 8 p.m. Eastern Standard Time on America First Media.

01:01:27.000 Like, subscribe, click the notification button, a comment.

01:01:31.000 They're all available on Spreaker now in podcast form.

01:01:34.000 I finally did it.

01:01:36.000 I'm on the sleep schedule.

01:01:37.000 We're improving.

01:01:38.000 The movement is growing.

01:01:40.000 But that's all for us tonight.

01:01:41.000 This is America First.

01:01:43.000 I'm Nicholas J. Fuentes.

01:01:44.000 We will see you tomorrow.

01:01:45.000 Have a great rest of your evening.

01:01:46.000 Thanks for watching.

01:01:47.000 Thanks for donating.

01:01:48.000 And as always, have a Merry Christmas.

01:01:54.000 Americanism, not globalism, will be our credo.

01:01:59.000 It's going to be only America first.

01:02:03.000 America first. 0.99

01:02:05.000 The American people will come first once again.

01:02:11.000 With respect to respect. 0.96

01:02:34.000 It's going to be only America first. 0.95

01:02:38.000 America first. 0.98

America First - Nicholas J. Fuentes - December 07, 2017

Bitcoin Will Choke the State | America First Ep. 66

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