00:00:06.000We've got a great show for you tonight.
00:00:09.000Lots going on, lots happening in the world today.
00:00:13.000Already, we're seeing a little bit of a comparison, a little bit of an additional data point after the Roseanne debacle with this latest incident with Samantha B., our favorite, which we'll be talking about tonight, which to me is so perfect, is such a classic case.
00:00:33.000And so short after the Roseanne situation, where one day ago, conservative makes a bad joke, instant death penalty.
00:00:41.000She's gone, fire her, whatever, you know, all the rest.
00:01:06.000And they were massively blown out today as the steel and aluminum tariffs, which were actually put down in March, are now applying to our allies, Mexico, Canada, and the European Union as of midnight tonight.
00:01:20.000And so we'll be talking about why that's a great thing, why that's really powerful.
00:01:24.000And lastly, we'll be talking about our favorite immigrant, our favorite boomer, Dinesh D'Souza.
00:01:33.000Our good friend Dinesh has been freed finally from prison, he has been given.
00:01:37.000A full and complete pardon by the president for his campaign finance crimes.
00:01:43.000Interestingly enough, about Dinesh D'Souza, he did commit crimes and he did admit to them, but he just said, oh, well, they were just really hard on me, which I don't know.
00:01:54.000In that case, it's like, is it really that unfair?
00:01:58.000I mean, technically, there is selective treatment there, but to me, it's like, don't break the law.
00:02:02.000It's like, don't break campaign finance law, and then guess what?
00:02:05.000You don't have to complain about selective prosecution and all the rest, but.
00:02:10.000Nevertheless, we'll talk about why that's significant, how this links up with other pardons, what that means for the Trump Russia investigation, if anything.
00:02:19.000And it should be a good show, should be a lot.
00:02:22.000It's a comprehensive show, and there's a lot going on, and so there's a lot to talk about.
00:02:27.000I tried to find somebody to debate about free trade, but nobody wanted to do it.
00:02:33.000I put out on Twitter, I say, does anybody have any suggestions for a free market type person who would debate me on Tariffs from the position that tariffs are bad.
00:02:45.000And half the comments are like, you should have on Donald Trump.
00:02:49.000You should have on, you should have on, who's the other one?
00:04:03.000But it should be good because it's a fun topic.
00:04:05.000But with that, we're going to do a little housekeeping stuff and then we'll launch right into the news.
00:04:10.000I don't really have an extended anecdote about my retail experiences or anything like that today or emails I've received.
00:04:18.000So we should be able to just launch right into it.
00:04:21.000And then hopefully, I don't have to be doing this for three, four hours like usual.
00:04:26.000But we do have to cover the housekeeping items.
00:04:28.000Remember to sign up to our mailing list on nicholasjfuentes.com.
00:04:33.000We're going to have a big announcement that is forthcoming at the end of this week about the premium content, which is coming, and merch, which is coming.
00:04:44.000So be sure to sign on to the mailing list for that big announcement that will be happening at the end of this week.
00:04:50.000So get on there, nicholasjfuentes.com.
00:05:02.000Like I've been saying all week, I'm not going to bug you.
00:05:06.000I really don't even know how to operate it so well in terms of how to send an email to all those people.
00:05:11.000So, trust me, it'll be the one and done.
00:05:14.000Maybe in six months, if I'm in jail or if Mossad kills me, there'll be an email saying, you know, he's actually still alive in, you know, an uncharted island in the Caribbean, you know.
00:05:24.000So, I'm not going to bombard you with emails.
00:05:27.000I'm not going to sell it to, like, I don't know, secureloans.com.
00:05:32.000It'll just be, you'll get one email from me, and that'll be it.
00:05:38.000Or rather, follow our new Twitter account, the official Twitter account for this show, which is America First NJF.
00:05:45.000It's been, we've just been doing a lot of stuff for the show on that account polls for what issues we're going to talk about, polls for future shows.
00:05:53.000Just me asking what guests you want, links, clips.
00:05:56.000So we'll be doing a lot more with that as the account grows.
00:06:00.000So be sure to follow America First NJF on Twitter.
00:06:04.000And with that out of the way, with the housekeeping things out of the way, we got to talk about the tariffs.
00:06:11.000Tariffs are my favorite subject and really my favorite thing because we have had in this country an order which has been free trade and no exceptions.
00:06:24.000There have been no dissenters against the free trade dogma that's been around in the country for about 30 years since towards the end of Ronald Reagan's presidency.
00:06:33.000We had NAFTA in the mid 1990s, which was Bill Clinton.
00:06:37.000We've had the TPP, which was Barack Obama.
00:06:40.000We've had all kinds of free trade agreements in the interim with Republicans.
00:06:44.000Republican and Democratic administrations.
00:06:47.000And really, with very, very, very few exceptions, the politicians, the press, the media, they have all lined up in favor of free trade.
00:06:54.000And this is true of Democrats, Republicans, liberals, conservatives.
00:07:08.000Corporations that want to have their labor, they want to have their manufacturing and their industry in East Asia, but sell to markets in America.
00:07:16.000Corporations that want to outsource borders and in capital and all kinds of great factories across the border to Mexico or to Southeast Asia, to India, to places like this, and to still have access to U.S. markets.
00:07:30.000These are the people that benefit from free trade.
00:07:33.000And that's why you see the major industries like the Koch brothers, major billionaires, major financiers.
00:07:39.000That's why they finance the think tanks, both libertarian and conservative, that support the economics behind free trade.
00:07:47.000The Heritage Foundation, the Cato Institute, the American Enterprise Institute, all these major think tanks, which then, by the way, go and they produce all the studies, and they produce the studies that support the laws, which in many cases they write the policies, they write the laws, they have lawyers that put together policy, and then they're signed into law by the politicians, which in many cases are bought by pro free trade lobbyists.
00:08:11.000So you see that in the Iron Triangle of Washington, D.C., which is The think tanks, the bureaucrats, the policymakers, they're all backed by big money.
00:08:23.000They're all backed by big multinational corporations, which they're not really trying to ferret out what's best for the American worker, what's best for the American economy, not even really so much what's best for the economy at large, the GDP, which we talk a lot about how conservatives care more about the GDP than they do about the country.
00:08:42.000But even in this case, free trade does come at the expense of American consumption and does come at the expense of future American production.
00:08:53.000It's a very self serving and closed loop that goes on in Washington, D.C., of these major multinationals basically buying studies that support their interests, buying policies that support their interests, buying politicians and bureaucrats who support their interests.
00:09:12.000And so, every time we hear talk about tariffs, every time we hear talk about steel and aluminum tariffs or trade barriers, we always get the usual suspects that come out vociferously.
00:09:22.000We hear the standard, the common arguments about comparative advantage.
00:09:27.000And we hear that, oh, this doesn't make us richer.
00:09:29.000It actually hurts us because it creates inflation and consumer prices go up.
00:09:34.000And a lot of this is overblown, but this is what we hear.
00:09:37.000And today, the big development and why we're talking about it is that the steel and aluminum tariffs, Trump put down a 25% tariff on steel and a 10% tariff on aluminum back in March.
00:09:50.000And at the time, there was a special provision for our allies, which included many of our allies.
00:09:56.000All over the place, who have since changed their practices on steel.
00:10:00.000For example, Japan has agreed to limit their steel production.
00:10:08.000With some of our other allies, which have benefited for a long time with America's laissez faire policy on raw materials and other goods and services, they have not made such adjustments.
00:10:19.000We're talking about Mexico, Canada, and the European Union in particular, who have not really been amenable to these changes.
00:10:27.000It's been very slow in terms of talks on NAFTA with Canada and Mexico, and very slow on bilateral and multilateral trade agreements with the European Union countries.
00:10:37.000And so today, Wilbur Ross, the Commerce Secretary, he announced from Paris, where he was doing these negotiations, that the exemptions on those three blocks well, you know, I don't want to say countries, but it's Mexico, Canada, and the European Union, which comprises, I think, 26 countries in Europe.
00:10:55.000The exemptions for those countries are over at midnight tonight.
00:10:59.000So starting tonight, They will all be charged the 25% tariff on steel and the 10% tariff on aluminum.
00:11:06.000And this is devastating because although the tariffs initially were designed to work against China, which is one of the biggest steel and aluminum producers in the world, and they've been introducing basically a glut of steel where they flood the world markets with steel and it devalues it, and this benefits their economy in a big way.
00:11:25.000Although it was initially directed at China, actually our biggest steel and aluminum imports don't come from Asia, they come from Germany.
00:12:26.000You know, we don't really care if they were expressing deep regret and deep disappointment that the United States has decided to launch trade actions against them because they've been taking advantage of us for 25 years.
00:12:39.000You know, there's really no love lost when you begin to look at the money.
00:12:44.000That it costs us every year to do business with our so called allies.
00:12:48.000This is, I guess, the biggest misconception about our allies.
00:12:52.000All these liberals and conservatives who say Trump is isolating us, he's hurting our allies.
00:12:58.000With allies like the ones we have, who needs enemies?
00:13:00.000I mean, they're just a constant drain on our economy.
00:13:03.000You look at Canada, which has, and I'll look at the exact numbers.
00:13:09.000But you look at, for example, Canada, they have an $18 billion a year trade deficit with us.
00:13:14.000Mexico has a $71 billion a year trade deficit.
00:13:18.000The European Union, it's a $92 billion a year trade deficit.
00:13:23.000And so you look at the cost economically and in many other ways that we incur to maintain these alliances or to not rock the boat with these relationships, it's too much to bear.
00:13:36.000Say what you will about Russia, say what you will about Iran, North Korea, they're not draining our economy to the tune of $100 billion a year and calling us an ally.
00:13:46.000China has the biggest trade deficit with the United States, but we don't call them an ally.
00:13:50.000There's no secret, there's no bones about the fact.
00:13:53.000That they actively steal from us every year.
00:13:55.000They steal $500 billion a year in intellectual property.
00:14:02.000They steal from us in their $600 billion trade deficit.
00:14:05.000So the stealing there with China, we don't call them an ally.
00:14:09.000And it's not even really so much a secret.
00:14:10.000With our allies, these people that say, oh, we have a great relationship with the United States, it's so great.
00:14:17.000And we're expected by the liberal elite in this country on both sides.
00:14:21.000You hear this from Bill Crystal, you hear this from.
00:14:24.000The left wing equivalents, as well, that Trump is abandoning longtime allies like our European partners, who are now on their own, and all the rest, when they consistently take advantage of our country.
00:14:35.000They take advantage in terms of we support the military and also with the trade deficit.
00:14:39.000So you have to understand the context of it.
00:14:41.000When people are talking about he's putting tariffs on our allies, the reason that American manufacturing is going overseas, in many cases, the reason that America is eventually going to have to limit and restrain its consumption.
00:14:56.000Is because of our allies, our so called allies, which are draining the economy because of predatory industry and trade and other kinds of practices.
00:15:04.000You know, Germany protects their industry, France protects their industry, Canada, Mexico, all these countries that we're talking about that they say we have to have unfettered access to U.S. markets so we get to export like crazy to the United States.
00:15:19.000They, by the way, all have stringent trade barriers for their own economies, protecting their own industries.
00:15:25.000And we try and do the same, and they say, oh, that's not fair.
00:15:28.000We're going to file a complaint and all the rest.
00:15:31.000So that's why I think it actually tends to be really good rhetoric that Trump says it's about fair trade, not free trade, meaning that it has to be reciprocal.
00:15:40.000You know, we don't have to have massive trade barriers.
00:15:42.000We don't have to have a crazy protectionist trade regime so long as there is mutual respect, a mutual understanding that America has to have a cut of manufacturing.
00:15:52.000We have to have a cut of raw materials, particularly the ones that are important for national security, for infrastructure.
00:16:00.000It's not such a great thing that if America decided to go to war against a major country, if there was ever war with China, for example, God forbid, and it's looking like that could be the trajectory, that we would be dependent on them for raw materials or other things.
00:16:16.000But to get to the root of the issue, to do a little bit of a deep dive on tariffs, I do want to get into the economics of it because this is all fine and well.
00:16:26.000This is all nice rhetoric, trade deficits, and all the rest.
00:16:29.000But of course, what does it really mean?
00:16:31.000We hear the free traders all day long and they talk about comparative advantage, how America is a developed economy.
00:16:39.000We're in the 21st century, so we can rely exclusively on high paying white collar IT jobs and programming jobs.
00:16:48.000You got put out of work after 50 years on the assembly line, getting good benefits and getting a good salary and all the rest.
00:16:55.000Well, now it's time to learn how to program.
00:16:57.000Now it's time to learn how to fix computers and that kind of thing.
00:17:01.000America's days of manufacturing and farming are basically done.
00:17:04.000We are now just so developed, so advanced, we should just be handing out money for free and everyone will be educated.
00:17:12.000They say it's comparative advantage, and now it's the other country's turns for industry.
00:17:18.000But of course, the problem with the idea of comparative advantage, and this is admitted even by Even by people who invented comparative advantage, people like David Ricardo, people like Adam Smith, the entire concept of comparative advantage that, well, China can do the industry and we could do the more advanced stuff and we'll trade with each other and we'll all be better off.
00:17:39.000Number one, this concept, for starters, this is just to begin with, this concept is premised on the fact that capital would be immobile.
00:17:48.000And so when you hear the free trade philosophers of the 17th, or rather the 18th and the 19th century, not so much the 17th, But the 18th and the 19th century, people like Ricardo, Adam Smith, the idea of comparative advantage is 100% dependent on the fact that at the time when they were writing this, capital was immobile.
00:18:07.000And so when they're talking about comparative advantage then, in the first place, the first preconception is that industries are not able to, by and large, in mass, pick up and move to another country, either across the border or across an ocean as they are today.
00:18:24.000Of course, when you have free trade with a country like China, Or free trade with a country like Mexico in the 21st century with our communication and transportation technology, it's actually cheaper to move an industry to China and to do manufacturing in a country like Indonesia or Malaysia or Vietnam, where the labor's cheap, there's no environmental regulations, there's no labor regulations, there's not high taxes, there's not high, you know, all kinds of costs associated with production.
00:18:52.000It's actually cheaper to move production, pick up factories, move it overseas, and ship the finished products to the United States.
00:19:00.000Or, in some cases, you look at textiles, for example.
00:19:03.000They'll have industries all over the world and they'll have the raw materials harvested in one country and they'll have it put together in this country and they'll have it packaged in this country.
00:19:13.000And it's cheaper to do it in all these different countries, shipping from one to the next to the next and then finally to U.S. markets than it is to have it all contained within the United States.
00:19:23.000And so you find that the very initial premise of free trade, which is based on the immobility of capital, is completely wrong.
00:19:33.000And obviously, it's moving increasingly in that direction where it's completely fluid.
00:19:39.000There are almost no restrictions as we're moving ahead with technology and borders going away and all the rest.
00:19:47.000And we also say this is true about free trade within a country versus outside the country when we're talking about the mobility of capital.
00:19:55.000If you're talking about free trade between Illinois and Indiana, this makes sense because Indiana has lower taxes, it's cheaper to do business in Indiana.
00:20:05.000If you want to start your business over there and you want to have a more efficient economy, well, you just move to Indiana from Illinois.
00:20:13.000You know, I might consider doing that.
00:20:15.000Or a friend of mine who has a business might consider doing that.
00:20:18.000If you have free trade between Illinois and China, now you're not competing with people in Indiana.
00:20:23.000Now you're not competing with people who have a very similar economy, very similar regulations, very similar taxes and capital and all the rest.
00:20:31.000You're competing with people who are in a different, they're in the Stone Age.
00:20:35.000Well, they're not in the Stone Age, but in terms of their development, they're in a different time period.
00:20:40.000And not only that, but if you want to compete with China, you got to move to China, right?
00:20:44.000To exploit their labor laws and their lax regulations to really make the economy more efficient.
00:20:50.000To have free trade in your country, if you want to compete, if you want to go where the jobs are, it's a matter of you move from Chicago to LA or you move from Chicago to Nashville or to Dallas or to San Antonio or to Phoenix.
00:21:03.000Now, if you want to compete with an international economy, if you want a job, if you want to compete for those manufacturing jobs, you got to move to Shanghai or Beijing or You know, another one of these countries in Southeast Asia.
00:21:15.000So it's not going to work in that way.
00:21:17.000That's the first premise the mobility of capital.
00:21:20.000The second premise, where free traders get it wrong, the second major, major component, and we're talking about like first principles.
00:21:29.000We're talking about if these things are taken away, basically the entire thing doesn't work.
00:21:36.000The second area is that free trade is dependent on goods for goods trade.
00:21:40.000So when David Ricardo, Adam Smith were talking about the The progenitors, basically the inventors of economics and classical economics in particular, when they're talking about how it's a good thing that nations trade with each other and they don't have trade barriers, they're talking specifically about goods for goods trade.
00:21:59.000So in the 18th and 19th century, they don't have these complex financial instruments.
00:22:04.000They don't have this complex real estate market.
00:22:07.000They don't have bonds and massive debt and this kind of thing.
00:22:14.000Or we're going to trade wood for, I don't know.
00:22:17.000We're going to trade goods for goods, in essence.
00:22:21.000And, you know, so if it's China and the United States, they're trading, well, we want 10 cows for this many sheep or whatever.
00:22:30.000In this day and age, almost none of that is true.
00:22:32.000When we're talking about balance of payments, when we're talking about trade between nations, this is only one account in the balance of payments.
00:22:41.000I believe it's the current account, which is to say that when we're talking about America trading its goods for China's.
00:22:48.000So China's sending us this much steel, and we're sending them in exchange iPhones, or we're sending them in exchange software, which would be computer software or engineering software, stuff like that.
00:23:21.000Nowadays, with balance of payments, it works that we trade them so much software, and they trade us a lot more in terms of value steel.
00:23:28.000And how we reconcile that is by selling them in exchange debt, currency, and assets.
00:23:34.000And that's what changes the entire equation about free trade in this day and age.
00:23:39.000So China's sending us a lot more steel and a lot more consumer goods and a lot more raw materials than we're sending them in terms of finished product things and iPhones and software, a lot less, more developed products.
00:23:55.000We're sending them a lot less in terms of value than they're sending us.
00:23:59.000And to make up for that, we're selling them, for example, Real estate in America.
00:24:09.000We're just straight up giving them American currency.
00:24:12.000And so you understand the problem that if we have a $600 billion a year trade deficit with China, in order to make up the $600 billion deficit in goods, whereas before it would be goods for goods and that's the end of the story, it's not reconciled.
00:24:28.000When we have $600 billion a deficit with them in terms of goods, every year we're giving them $600 billion a year.
00:24:35.000In land, in stocks, which means they're buying shares in our businesses.
00:24:39.000So they're buying up equity in our stock market, buying up our businesses.
00:24:56.000They hoard it in a massive state owned entity where they just keep the currency in a reserve and they release it into world markets.
00:25:05.000They sell off the currency to the world markets.
00:25:08.000At selective times, in selective quantities, so that it will manipulate the exchange rate of the dollar to their currency.
00:25:16.000And of course, the exchange rate dictates how much is exported and how much is imported with that country.
00:25:22.000So if the Chinese yuan, the Chinese RMB, is depreciating against the dollar, that means that they're going to export more to the United States because it's cheaper relative to the US dollar.
00:25:34.000So you understand where this becomes a problem.
00:25:37.000That we have a massive trade deficit with China.
00:25:39.000In order to compensate for the deficit in goods, we give them currency.
00:25:44.000And what do they do with the currency?
00:25:46.000They manipulate the exchange rate in such a way so that we will always have a trade deficit with China.
00:25:51.000And so they will always be buying our assets, they will always be buying our bonds, always be buying our real estate.
00:25:57.000They will always get the currency to continue this relationship in perpetuity.
00:26:02.000And to just give you an idea of the numbers, as if I'm just making this stuff up, foreign investors now own 20%, 20% of U.S. equities.
00:27:27.000And not only that, in exchange for this cheap crap, we're giving them oh, yeah, just take $100 billion of real estate every year and buy up equities in valuable American companies.
00:27:41.000They tried to buy the Chicago Stock Exchange earlier this year, and that was shut down by the government.
00:27:46.000So think about that just in terms of is this smart to do economically?
00:28:02.000And also, I think they were basically wrong to begin with.
00:28:05.000You still had this in the 18th century as well.
00:28:07.000You still had mobile capital, you still had debt and assets and all the rest, but nowadays to a much, much larger extent.
00:28:14.000And you see that basically the problem with free trade is the same thing as its benefits in the sense that it is more efficient to do free trade.
00:28:24.000They're not wrong when they say that free trade is efficient.
00:28:27.000What they don't tell you is the whole story, which is that it's only efficient in the short term.
00:28:32.000It's only going to increase the value in the short term.
00:28:38.000If we want everything that we want today, we want to consume cheap consumer goods today, nothing better than free trade.
00:28:45.000If we want to gorge ourselves on cheap stuff from China, no better system than free trade.
00:28:51.000Here, we'll give you, we'll sell you land, we'll sell you companies, we'll give you debt, we'll mortgage off our future essentially, mortgage off great investments for the future, which At present, they are very cheap, but in the future, we'll have a big payoff.
00:29:04.000We'll sell you off all this land so we could gorge ourselves on cheap stuff.
00:29:09.000There's no better way to do that than free trade.
00:29:12.000But if we're thinking about what's the best way in the long term to make America wealthy, what's the best way in the long term to make sure that America is competitive, that has a good economy?
00:29:23.000Of course, in the long term, it is to keep our own real estate, to own real wealth, real capital, which is companies, which is land.
00:30:50.000We basically tricked you into selling off, we tricked you into mortgaging off your future and all the value in the country and basically putting yourself in a position where you're a slave in 100 years to foreign countries.
00:31:03.000But what if we said that we were ideologically committed to free trade in spite of all of that?
00:31:08.000Because even if free trade has us selling the future, To subsidize present consumption, what if I told you that to do anything but that is morally wrong?
00:31:20.000Because the state has no right to pick and choose winners and losers in the sense that the state has no right to say that American steel should triumph over, you know, Globo Homo steel company.
00:31:33.000They say that it's about ideology, which is, of course, a ludicrous and a ridiculous argument.
00:32:10.000I mean, that's the solution to get out of it.
00:32:12.000But either way, we have to get away from that ideological mindset of this just like autistic libertarian, autistic individualist argument that anything that the country does.
00:32:23.000To save for its future, anything the country does to make accommodations for the future so that the country could be a creditor nation, so that the country can own things, and that our enemies and adversaries don't own strategic capital like ports and infrastructure and all that.
00:32:40.000A country has to make those decisions.
00:32:42.000We have to get away from this idea that I just think it's fundamentally kind of one of these useless abstractions that it's not even really worth debating.
00:32:50.000Ben Shapiro likes to talk about first principles and other free traders.
00:32:54.000I use him as an example because he's only.
00:32:56.000One of the most vocal defenders of free trade and the most ardent defenders of free trade.
00:33:00.000And actually, our feud dates back to a debate about free trade on Twitter, where I had kind of a relationship with him and the Daily Wire in general.
00:33:09.000And I had been tweeting this just outrageous stuff about free trade that was bullshit and blah, blah, blah.
00:33:15.000And Ben Shapiro would come down very hard and say, you know, well, this is ignorant.
00:33:19.000You have a trade deficit with your butcher and with your grocery store and all this and that.
00:33:26.000And so that's why I use him as an example, because he's actually one of the bigger voices.
00:33:29.000But Those kinds of things, I just don't even think they deserve merit.
00:33:35.000This is an obvious policy for any normal person that it does not make sense for us to sell real estate in exchange for soybeans.
00:33:44.000It does not make sense for us to sell American companies in exchange for things we can produce here if we're just able to make the accommodations in terms of regulations and labor and all the rest.
00:35:10.000It's very easy to exert leverage in a focused and concentrated way like that over one country because then North Korea is not doing trade with anybody.
00:35:21.000They do trade with a lot of European companies and countries since the opening of the markets after the Iran nuclear deal in 2015.
00:35:29.000And so, with the Iran nuclear deal, it's a lot harder to put the cat in the bag.
00:35:33.000It's a lot harder to go back to a comprehensive and effective sanctions regime if so many markets have already liberalized with Iran and they're hesitant to go back.
00:35:43.000But here's where tariffs come in actually is a very good thing.
00:36:40.000It's all connected to each other in the sense that I think past presidents have looked at it like, you know, here's trade and here's diplomacy and here's this.
00:36:49.000Trump looks at it, I think, as all comprehensive.
00:37:37.000Americans, I think, whether you're a neocon or you're not, I don't think you have to be a neocon, to say that it feels good that America is a powerful country.
00:37:47.000And we have a national leader now who is exerting that power and saying, we're going to pursue what's in the interest of the American worker and what's in the interest of an American citizen, an American taxpayer.
00:37:58.000And we're going to use the mighty power that we've built up over 100 years and flex on the Nibbus.
00:38:19.000I haven't eaten in a while, I haven't eaten in hours.
00:38:22.000That's the thing, when you're working as hard as I am, and definitely not napping, when you're working as hard as I am, you just forget to eat sometimes, right?
00:38:30.000But we'll talk about, I think, Ivanka Trump.
00:38:32.000And that whole situation, and then we'll get into our Stream Labs and Super Chats.
00:38:38.000And with me in particular, you know, I'm like Paul Blart when it comes to eating.
00:38:42.000You know, you remember in Paul Blart Mall Cop, one of my all time favorite movies, a very fine movie, towards the end, well, he had low blood sugar.
00:38:51.000And so if he didn't have a popsicle or whatever, a Snickers or a lollipop, he would just pass out.
00:40:18.000It relies, and this is female comedy in general, and also liberal comedy.
00:40:22.000It relies 100% on vulgarity because they can't say anything that's actually dissident.
00:40:27.000They can't say anything that's actually controversial or actually even true.
00:40:31.000So they just have to swear a lot and just they count on this gross out humor of, I could just be as crude and disgusting and this has shock value, I guess.
00:40:40.000I don't know why in 2018 why a woman talking crassly about her vagina has shock value or why that's funny, but that's what they rely on for cheap laughs from very stupid people in their audience.
00:40:53.000So she goes on television for her show and, you know, ah.
00:40:58.000We're going to hit the president along with every major bank and corporation and the UN and the Pope and Israel and all these other, you know, well, not Israel in the sense of the country, Israel in the sense of Jewry.
00:41:10.000And we're going to go along with every major institutional force and we're going to hit the president.
00:43:07.000Before an advertiser boycott, before there's even a big public outcry, it canceled within hours.
00:43:13.000And it's, you know, this does not reflect our values.
00:43:15.000And conservatives are tripping over themselves to defend ABC.
00:43:19.000They made the right call out of good faith.
00:43:23.000And 48 hours later, we get Samantha B., who in a scripted show, by the way, this is not like, you know, Roseanne Barr, she's tweeting at 2 a.m., you know, so this is just her 2 a.m., she's tweeting this out, you know, some silly joke on Twitter.
00:44:22.000The big takeaway from this is for these stupid conservatives who are so quick to defend ABC this week and say, oh, no, ABC should have done that.
00:45:24.000I mean, these people, you talk about feckless people, where two days ago they're willing to sell out their own in a heartbeat.
00:45:31.000And I don't know if Roseanne is our own, but somebody who is ostensibly considered part of our movement, they're willing to sell her down the river.
00:45:38.000And the whole thing, yeah, you know what?
00:45:39.000She is racist and there's so much racism, but, you know, we disavow and all the rest.
00:45:58.000They all week they've been talking about how we should have compassion for pedophiles.
00:46:02.000This is who we're talking about, folks.
00:46:04.000This is not people who are like, oh, well, they're liberal and we're conservative and there's a moral equivalency.
00:46:10.000You know, that's what we always hear it's like, oh, well, they're entitled to their opinion and we're entitled to our opinion and oh, that's the way the world works.
00:46:31.000The major multinational corporations, the Fortune 500 companies, the big banks, all the chairmen of the boards, the owners, all of them, they all hold these internationalist views.
00:46:46.000And not only that, not only is it asymmetrical in that regard, but as if there's a moral equivalency oh, we all have a right to our own opinion.
00:46:53.000This week we saw on Twitter the crusade to get pedophilia normalized.
00:46:57.000They say, oh, well, non contact pedophiles.
00:47:00.000So, People that just have a terabyte of child porn on their computers and fantasize about raping your kids, we have to have real sympathy for those people.
00:50:59.000You know, he might as well just sign on to Fox News.
00:51:03.000If we're going to compromise that much, I might as well just be a shill for Israel, right?
00:51:06.000I might as well just put on a yarmulke and pray at the West Ball and, you know, and all the rest, if that's going to be the level of compromise.
00:51:17.000I think that the show has value in that this is an understated, you know, part of the show, but not a lot of people are very talented.
00:51:26.000I don't want to say that, but not a lot of people are exceptionally talented that they can keep it engaging and interesting for an hour.
00:51:34.000I'd like to think I do a good job of that, but you get some people, and whether or not you think I do a good job, it's just like, You know, we're talking about different orders of magnitude here.
00:51:43.000Where if they come on, either they're not interesting or the voice isn't interesting, there's a lot that can go wrong.
00:51:53.000Irvin says In a previous episode, you mentioned you're tired of the endless discussions about the bell curve and things like that, which I agree with.
00:52:00.000What do you do differently, and what should all those other people be talking about instead?
00:52:34.000On tariffs, we talk about tariffs a lot, but it's different news, or sometimes there's a different piece of information, or sometimes there's a guest, or whatever.
00:52:43.000But what we find with Certain people and certain, this is Twitter posters, this is podcasters, this is all kinds of people.
00:52:52.000What we find with certain people is they repeat the same issues in the same way, with the same jokes, the same narrative, to the point where it's, I can't listen to it.
00:53:28.000And, okay, like, we've established this, and we've talked about it a lot.
00:53:32.000We mention it, we make frequent reference, but I tell you, I don't want to get too specific because I don't want people to get mad at me because it's people that I'm friendly with, but it's like, wow, like, really?
00:54:31.000What is your opinion on the privatization of the Federal Reserve in American currency?
00:54:36.000And have you ever thought of a solution involving backing currency by raw materials once again?
00:54:43.000You know, it's tricky because, on the one hand, you know, I understand the problem of the Federal Reserve, which is the fact that it's controlled by very arbitrary.
00:54:53.000Fiat, in the sense that it's like, how is a business person or how are economic actors in the economy able to make sound decisions in the long term if the people that control the monetary supply just kind of like change it on a whim?
00:55:09.000Oh, well, these numbers are okay, so we'll change it this much.
00:55:16.000And so, how could you, as an investor, as a business person, how could you make long term projections if the people that control the money supply, which is the most important kind of The most important kind of capital, if they're changing it at a whim every quarter, every six months, whatever, you can't do it.
00:55:32.000So I understand the appeal of rival currencies to challenge some of these systemic problems with fiat currency, particularly the Federal Reserve System and all that.
00:55:45.000On the other hand, you have to recognize that currency is what holds the country together.
00:55:48.000That the government has the power to regulate currency is a great power.
00:55:52.000Now, as a libertarian, I would have said, oh, that's bad.
00:55:56.000As a conservative, now I have to say that's kind of a good thing.
00:55:59.000That the state controls the money supply is one of the reasons why the state still has some real power, in the sense that if we had some kind of a Caesar to gain control of the state, currency would be a powerful way to beat back against the financial interests.
00:56:14.000It's one of the ways we could keep the country stable and together.
00:56:18.000So, on the one hand, I understand the problems.
00:56:21.000On the other hand, I understand the power of it.
00:56:22.000So, I guess I'm not so much in favor of denationalization of currency where we can liberalize and everyone can compete.
00:56:30.000But I do think the Federal Reserve system has to change.
00:56:33.000I think it has to be, there has to be some kind of regularity or predictability introduced in the sense that if the Federal Reserve, and Milton Friedman talked a lot about this, this is the monetarist angle, replace the Federal Reserve with some kind of a formula that attaches economic production to the quantity of money that's produced or that is regulated.
00:56:55.000And if you had a formula like that, it's predictable.
00:56:58.000A corporation can say, I can reasonably assume what the quantity of money will be.
00:57:02.000In six months or in a year or two years.
00:57:29.000And the other thing about currency is that media of exchange, what's interesting about that is it has a way that if It's not doing its job, other things will take its place.
00:57:38.000This has been the case throughout history that if a media of exchange is not there or if it's not serving its function, there will be other things that will be used as currency.
00:57:48.000I don't know about a metal backed currency.
00:57:50.000I think that's kind of outdated in terms of it, it'd be a little impractical in this day and age.
00:57:56.000American Rebel, you've inspired me to punch the next thought I see right in the nose, big guy.
00:58:01.000And if you think this is bad optics, then take a look in the mirror.
01:00:07.000Until the Industrial Revolution, the government was funded by tariffs.
01:00:12.000Until and through the Industrial Revolution, the federal government was funded almost 100% by tariffs.
01:00:18.000From the time of the founding until the 16th Amendment was passed in 1913 or 1914, 16th Amendment to the Constitution, which allowed for an income tax.
01:00:30.000Until that point, the government was funded almost entirely by tariffs.
01:00:34.000And actually, Alexander Hamilton was very careful to arrange the country's finances in such a way that we would not be a debtor nation.
01:00:41.000You understand, to fund the Revolutionary War, we had to incur massive debts.
01:00:46.000It was a tremendous economic feat, but Alexander Hamilton was a genius.
01:00:50.000And he made it such that America was able to be a creditor after this expensive war and being a fledgling nation.
01:00:56.000And this was a source of economic strength.
01:00:58.000We had tariffs that protected our industry, our agriculture.
01:01:01.000For centuries until we got stupid and the financial interests bought the politicians, and now we give away our stuff for free.
01:02:08.000I mean, there's all kinds of things you could do that will make it so that there can be competition, there could be economic freedom, but tariffs do not, they actually diminish economic freedom because there's no way for us to compete with other countries that way.
01:02:22.000China wants to pay their workers a dime, pennies on the dollar.
01:05:44.000Hey, guys, turn away from everything you've ever wanted, which is to say, abundant and easy food, technology, comfort, entertainment.
01:05:54.000I know you're just living in a fantasy world in terms of all the different.
01:05:59.000Games and shit you can do today, but hey, have you considered Odinism?
01:06:04.000Have you considered shunning all of that because this cool picture of a guy in a hat and he's ripped?
01:06:10.000And look at what Odin did for his people.
01:06:13.00099% of people today will say, Yeah, sorry, I like my Marvel movies and my, you know, I like to order Pizza and you have it delivered to my doorstep.
01:09:27.000And the actual implications and consequences of these views, people are like, you know, actually, I don't really, it's not quite to my liking.
01:11:54.000Bobby Jindal ran for governor in 2002.
01:11:58.000And the Indians and Pakistanis basically had a proxy war in Louisiana because the Pakis gave money to his opponent and the Indians gave money to him.
01:12:06.000In Georgia, there was a big Senate election about 10 years ago where it was a pro Palestinian candidate versus an Israel candidate.
01:12:18.000There's Mexican consulates in all the major cities, and they basically give out these permanent residence cards where it's like identifies Mexicans, illegal Mexicans, as residents of America.
01:12:30.000They're illegals, but many municipalities and businesses in these areas recognize those cards distributed by the consulates.
01:12:38.000I mean, there's all kinds of things that Mexico does to support illegals here, to support their diaspora community here.
01:12:43.000They're becoming like a diaspora community or ampersands.
01:12:46.000And so, there's all kinds of ways that all kinds of countries influence our politics.
01:12:51.000Jews are very successful and very powerful at it, probably the most effective.
01:12:55.000But let's not pretend like America is not just like, it's like we were getting a train run on us by all these different countries.
01:13:02.000So, to say like, there's already some foreign influence, so let's sell the whole, you know, hey, let's set it all on fire.
01:13:43.000I think man being connected with the soil is always a good thing.
01:13:47.000But yeah, there was a big anti abortion bill passed in Louisiana, which makes it, Very difficult to get an abortion, which is a great thing.
01:18:32.000But of course, in every pagan culture, whether it was the Celts, the Romans, the Greeks, in every pagan culture, for the most part, you had a tradition of pederasty.
01:18:42.000Of course, pederasty is when you have adult men having sex with adolescent boys in exchange for like apprenticeship and things like this.
01:18:50.000And of course, Christianity brought a swift end to that because we believe in God and we don't believe in that satanic shit.
01:18:57.000So you can be a pagan and you could talk about the glory of your ancestors, but you have to acknowledge that Odin had gay sex.
01:19:04.000You have to acknowledge that your ancestors endorsed pedophilia and engaged in it and participated in it.
01:19:09.000So you can have the glory of paganism and all the rest, but you can't forget that that's a big part of your history.
01:19:23.000And you guys have, you know, I guess you have these fake gods that you don't even believe in, gods that do some pretty interesting things if you look at the whole record of it.
01:19:33.000And, you know, pederasty was a big part of it.
01:19:45.000So, you know, okay, you've got a guy with seven kids, and there are other pagans with kids, but how are you going to create a society that isn't totally degenerate?
01:20:40.000Call me a Catholic lover in this life, but in the next life, it's going to be difficult to be smug when you're going to be burning in eternal torment in the furnace.
01:20:50.000But hey, we're all entitled to our opinion.
01:21:11.000Have preached a very liberal political tradition for a long time.
01:21:14.000They've infiltrated the church in a big way, and I think that's been to the tremendous detriment of the church, so it's kind of been a big mistake.
01:21:23.000They did a lot of good in the past, I think, before the modern era, but before the 20th century, maybe, but kind of tough now.
01:21:51.000It used to be funny, but then people did it for like every week for three years, and then it was like, okay, yeah, it's kind of getting old, right?
01:22:27.000I don't come on the show with the intention to talk about my religion every night, but every night, that's all people want to talk about.
01:22:34.000So it's weird because I come on to talk about what I know about, which is politics, and I'm so good at it.
01:22:41.000And people are like, tell us about something that you're a part of, but you really just have a layman's understanding of.
01:22:46.000And I'm like, I'll read up on it to blow you out and all the rest, but I don't come on every day to be like, I'm going to defend the Pope vigorously today.
01:23:58.000Even Jews acknowledge there's Jewish power and there's the Holocaust industry and all the rest.
01:24:02.000But the cringy jokes that have been in service for years, it's like, Time to retire to some of these jokes, all right, and the talking points and all the rest.
01:24:12.000So I'm not saying don't, of course, talk away about it.
01:24:15.000It's a very important issue and one that's, you know, look, they control a lot of things in the country.
01:24:21.000It matters what they believe, you know, but the autistic memes from 2015, like, we're not giving up these old jokes that aren't fun anymore.
01:24:31.000That's quite the hell to die on, right?
01:24:33.000But that's going to do it for us tonight.