America First - Nicholas J. Fuentes - Free Trade Doesn't Work | America First Ep. 175

00:00:02.000 Good evening, everybody.

00:00:03.000 You are watching America First.

00:00:04.000 My name is Nicholas J. Fuentes.

00:00:06.000 We've got a great show for you tonight.

00:00:09.000 Lots going on, lots happening in the world today.

00:00:13.000 Already, 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.

00:00:33.000 And so short after the Roseanne situation, where one day ago, conservative makes a bad joke, instant death penalty.

00:00:41.000 She's gone, fire her, whatever, you know, all the rest.

00:00:44.000 And what is it?

00:00:45.000 48 hours later, we get something, I think, equally as bad, if not worse.

00:00:50.000 And who cares, right?

00:00:52.000 And that's the double standard.

00:00:53.000 So we'll be talking about that.

00:00:55.000 We'll be talking about tariffs.

00:00:57.000 You know, I love tariffs.

00:00:58.000 You know, I hate free trade.

00:01:01.000 And more than I hate free trade, I hate people who support free trade.

00:01:04.000 I hate free traders.

00:01:06.000 And 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.

00:01:20.000 And so we'll be talking about why that's a great thing, why that's really powerful.

00:01:24.000 And lastly, we'll be talking about our favorite immigrant, our favorite boomer, Dinesh D'Souza.

00:01:30.000 And we're rooting for him.

00:01:33.000 Our good friend Dinesh has been freed finally from prison, he has been given.

00:01:37.000 A full and complete pardon by the president for his campaign finance crimes.

00:01:43.000 Interestingly 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.

00:01:54.000 In that case, it's like, is it really that unfair?

00:01:58.000 I mean, technically, there is selective treatment there, but to me, it's like, don't break the law.

00:02:02.000 It's like, don't break campaign finance law, and then guess what?

00:02:05.000 You don't have to complain about selective prosecution and all the rest, but.

00:02:10.000 Nevertheless, 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.

00:02:19.000 And it should be a good show, should be a lot.

00:02:22.000 It's a comprehensive show, and there's a lot going on, and so there's a lot to talk about.

00:02:27.000 I tried to find somebody to debate about free trade, but nobody wanted to do it.

00:02:31.000 And it's so great, too.

00:02:33.000 I 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.

00:02:45.000 And half the comments are like, you should have on Donald Trump.

00:02:49.000 You should have on, you should have on, who's the other one?

00:02:53.000 Tom Woods.

00:02:54.000 You should have on people, Thomas Sowell.

00:02:57.000 People that are famous with millions of dollars and millions of followers.

00:03:01.000 Yeah, let me just call up Thomas Sowell on the phone.

00:03:04.000 He hasn't done an interview with one exception in like 10 years.

00:03:08.000 Yeah, let me give him a call.

00:03:10.000 Hey, Tom, you want to get on America First tonight at 7 to talk about.

00:03:15.000 Hey, Donald.

00:03:15.000 I don't think so.

00:03:16.000 Hey, Jeb.

00:03:17.000 People are saying Jeb Bush.

00:03:18.000 Yeah, that's legitimate, right?

00:03:20.000 So that's half the people. 0.94

00:03:21.000 The other half are saying people said that guy T, who's some black guy, some tranny, some other individual, and all people who. 0.92

00:03:31.000 Well, I asked that guy T. 0.97

00:03:32.000 I asked the black guy. 0.99

00:03:33.000 He didn't get back to me. 1.00

00:03:34.000 I don't think he would have been able to hold his own.

00:03:37.000 I think people are just generally, they don't want to come on the show.

00:03:39.000 I think they're afraid, but that's all right.

00:03:42.000 We'll have to get a free marketer on one of these days to debate the tariffs.

00:03:45.000 Maybe not on such short notice, but.

00:03:47.000 Of course, we didn't anticipate the tariffs would be coming down tonight on the allies.

00:03:52.000 We had an exemption for them for months and months, and negotiations were ongoing.

00:03:56.000 So this really just happened today.

00:03:58.000 Hopefully, we could get a debate on that maybe later this week or next week.

00:04:02.000 Who knows?

00:04:03.000 But it should be good because it's a fun topic.

00:04:05.000 But with that, we're going to do a little housekeeping stuff and then we'll launch right into the news.

00:04:10.000 I don't really have an extended anecdote about my retail experiences or anything like that today or emails I've received.

00:04:18.000 So we should be able to just launch right into it.

00:04:21.000 And then hopefully, I don't have to be doing this for three, four hours like usual.

00:04:26.000 But we do have to cover the housekeeping items.

00:04:28.000 Remember to sign up to our mailing list on nicholasjfuentes.com.

00:04:33.000 We'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.

00:04:44.000 So be sure to sign on to the mailing list for that big announcement that will be happening at the end of this week.

00:04:50.000 So get on there, nicholasjfuentes.com.

00:04:52.000 We've had tons and tons of signups.

00:04:54.000 I think we're up to like 2,000 people on the email list right now.

00:04:58.000 So it's crazy.

00:04:59.000 It really is a great mailing list.

00:05:01.000 So be sure you sign on to that.

00:05:02.000 Like I've been saying all week, I'm not going to bug you.

00:05:06.000 I really don't even know how to operate it so well in terms of how to send an email to all those people.

00:05:11.000 So, trust me, it'll be the one and done.

00:05:14.000 Maybe 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.

00:05:24.000 So, I'm not going to bombard you with emails.

00:05:27.000 I'm not going to sell it to, like, I don't know, secureloans.com.

00:05:32.000 It'll just be, you'll get one email from me, and that'll be it.

00:05:35.000 So, be sure to sign up for that.

00:05:36.000 And remember to sign up.

00:05:38.000 Or rather, follow our new Twitter account, the official Twitter account for this show, which is America First NJF.

00:05:45.000 It'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.

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00:05:56.000 So we'll be doing a lot more with that as the account grows.

00:06:00.000 So be sure to follow America First NJF on Twitter.

00:06:04.000 And with that out of the way, with the housekeeping things out of the way, we got to talk about the tariffs.

00:06:09.000 I love to talk about.

00:06:10.000 Tariffs.

00:06:11.000 Tariffs 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.

00:06:21.000 Really, no politicians, no pundits.

00:06:24.000 There 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.

00:06:33.000 We had NAFTA in the mid 1990s, which was Bill Clinton.

00:06:37.000 We've had the TPP, which was Barack Obama.

00:06:40.000 We've had all kinds of free trade agreements in the interim with Republicans.

00:06:44.000 Republican and Democratic administrations.

00:06:47.000 And really, with very, very, very few exceptions, the politicians, the press, the media, they have all lined up in favor of free trade.

00:06:54.000 And this is true of Democrats, Republicans, liberals, conservatives.

00:06:58.000 They all say it's a great thing.

00:07:00.000 And of course, this is because they're all in on the take.

00:07:03.000 Who benefits from free trade?

00:07:05.000 It is multinational corporations.

00:07:08.000 Corporations that want to have their labor, they want to have their manufacturing and their industry in East Asia, but sell to markets in America.

00:07:16.000 Corporations 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.

00:07:30.000 These are the people that benefit from free trade.

00:07:33.000 And that's why you see the major industries like the Koch brothers, major billionaires, major financiers.

00:07:39.000 That's why they finance the think tanks, both libertarian and conservative, that support the economics behind free trade.

00:07:47.000 The 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.

00:08:11.000 So 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.

00:08:23.000 They'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.

00:08:42.000 But even in this case, free trade does come at the expense of American consumption and does come at the expense of future American production.

00:08:51.000 So, really, it's very self serving.

00:08:53.000 It'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.

00:09:12.000 And 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.

00:09:21.000 Against trade barriers.

00:09:22.000 We hear the standard, the common arguments about comparative advantage.

00:09:27.000 And we hear that, oh, this doesn't make us richer.

00:09:29.000 It actually hurts us because it creates inflation and consumer prices go up.

00:09:34.000 And a lot of this is overblown, but this is what we hear.

00:09:37.000 And 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.

00:09:50.000 And at the time, there was a special provision for our allies, which included many of our allies.

00:09:56.000 All over the place, who have since changed their practices on steel.

00:10:00.000 For example, Japan has agreed to limit their steel production.

00:10:03.000 South Korea has done the same thing.

00:10:05.000 And so they had exemptions.

00:10:06.000 Their exemptions have continued.

00:10:08.000 With 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.

00:10:19.000 We're talking about Mexico, Canada, and the European Union in particular, who have not really been amenable to these changes.

00:10:27.000 It'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.

00:10:37.000 And 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.

00:10:55.000 The exemptions for those countries are over at midnight tonight.

00:10:59.000 So starting tonight, They will all be charged the 25% tariff on steel and the 10% tariff on aluminum.

00:11:06.000 And 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.

00:11:25.000 Although it was initially directed at China, actually our biggest steel and aluminum imports don't come from Asia, they come from Germany.

00:11:32.000 They come from Canada.

00:11:33.000 They come from countries like this.

00:11:35.000 So, these tariffs are coming down.

00:11:37.000 And also, a lot of the finished products come from these places as well.

00:11:41.000 You know, it's no secret that a lot of transportation comes from Germany in the form of cars and other things.

00:11:47.000 So it's also industries that are related to steel, but not directly the raw materials.

00:11:52.000 So these are going to really hit hard on countries like Germany, Canada, where we get a lot of steel from.

00:11:58.000 Now, all these countries are very upset.

00:12:00.000 There were instant retaliatory measures by them.

00:12:02.000 Mexico announced massive tariffs on, I think, $11 billion worth of goods.

00:12:07.000 The European Union has announced retaliatory measures.

00:12:09.000 Canada has done the same.

00:12:11.000 They've all said they're going to file a complaint in the World Trade Organization.

00:12:15.000 Oh, boo hoo.

00:12:16.000 You know, it's such a terrible thing.

00:12:19.000 And they all expressed their deep disappointment in the United States.

00:12:23.000 But, of course, this doesn't matter.

00:12:26.000 You 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.

00:12:39.000 You know, there's really no love lost when you begin to look at the money.

00:12:44.000 That it costs us every year to do business with our so called allies.

00:12:48.000 This is, I guess, the biggest misconception about our allies.

00:12:52.000 All these liberals and conservatives who say Trump is isolating us, he's hurting our allies.

00:12:58.000 With allies like the ones we have, who needs enemies?

00:13:00.000 I mean, they're just a constant drain on our economy.

00:13:03.000 You look at Canada, which has, and I'll look at the exact numbers. 0.99

00:13:07.000 Mexico is the one that I know.

00:13:09.000 But you look at, for example, Canada, they have an $18 billion a year trade deficit with us.

00:13:14.000 Mexico has a $71 billion a year trade deficit.

00:13:18.000 The European Union, it's a $92 billion a year trade deficit.

00:13:23.000 And 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.

00:13:36.000 Say 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.

00:13:46.000 China has the biggest trade deficit with the United States, but we don't call them an ally.

00:13:50.000 There's no secret, there's no bones about the fact. 0.82

00:13:53.000 That they actively steal from us every year.

00:13:55.000 They steal $500 billion a year in intellectual property.

00:14:02.000 They steal from us in their $600 billion trade deficit. 0.68

00:14:05.000 So the stealing there with China, we don't call them an ally. 0.53

00:14:09.000 And it's not even really so much a secret. 0.77

00:14:10.000 With our allies, these people that say, oh, we have a great relationship with the United States, it's so great.

00:14:17.000 And we're expected by the liberal elite in this country on both sides.

00:14:21.000 You hear this from Bill Crystal, you hear this from.

00:14:24.000 The 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.

00:14:35.000 They take advantage in terms of we support the military and also with the trade deficit.

00:14:39.000 So you have to understand the context of it.

00:14:41.000 When 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.

00:14:56.000 Is because of our allies, our so called allies, which are draining the economy because of predatory industry and trade and other kinds of practices.

00:15:04.000 You 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.

00:15:19.000 They, by the way, all have stringent trade barriers for their own economies, protecting their own industries.

00:15:25.000 And we try and do the same, and they say, oh, that's not fair.

00:15:28.000 We're going to file a complaint and all the rest.

00:15:31.000 So 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.

00:15:40.000 You know, we don't have to have massive trade barriers.

00:15:42.000 We 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.

00:15:52.000 We have to have a cut of raw materials, particularly the ones that are important for national security, for infrastructure.

00:16:00.000 It'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.

00:16:14.000 And so that's why it has to happen.

00:16:16.000 But 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.

00:16:26.000 This is all nice rhetoric, trade deficits, and all the rest.

00:16:29.000 But of course, what does it really mean?

00:16:31.000 We hear the free traders all day long and they talk about comparative advantage, how America is a developed economy.

00:16:39.000 We're in the 21st century, so we can rely exclusively on high paying white collar IT jobs and programming jobs.

00:16:48.000 You got put out of work after 50 years on the assembly line, getting good benefits and getting a good salary and all the rest.

00:16:55.000 Well, now it's time to learn how to program.

00:16:57.000 Now it's time to learn how to fix computers and that kind of thing.

00:17:01.000 America's days of manufacturing and farming are basically done.

00:17:04.000 We are now just so developed, so advanced, we should just be handing out money for free and everyone will be educated.

00:17:10.000 It doesn't work so much like that.

00:17:12.000 They say it's comparative advantage, and now it's the other country's turns for industry.

00:17:18.000 But 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.

00:17:39.000 Number one, this concept, for starters, this is just to begin with, this concept is premised on the fact that capital would be immobile.

00:17:48.000 And 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.

00:18:07.000 And 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.

00:18:24.000 Of 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.

00:18:52.000 It's actually cheaper to move production, pick up factories, move it overseas, and ship the finished products to the United States.

00:19:00.000 Or, in some cases, you look at textiles, for example.

00:19:03.000 They'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.

00:19:13.000 And 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.

00:19:23.000 And so you find that the very initial premise of free trade, which is based on the immobility of capital, is completely wrong.

00:19:31.000 Capital is highly mobile.

00:19:32.000 It's never been more mobile.

00:19:33.000 And obviously, it's moving increasingly in that direction where it's completely fluid.

00:19:39.000 There are almost no restrictions as we're moving ahead with technology and borders going away and all the rest.

00:19:47.000 And 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.

00:19:55.000 If 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.

00:20:05.000 If 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.

00:20:13.000 You know, I might consider doing that.

00:20:15.000 Or a friend of mine who has a business might consider doing that.

00:20:18.000 If you have free trade between Illinois and China, now you're not competing with people in Indiana.

00:20:23.000 Now you're not competing with people who have a very similar economy, very similar regulations, very similar taxes and capital and all the rest. 0.57

00:20:31.000 You're competing with people who are in a different, they're in the Stone Age.

00:20:35.000 Well, they're not in the Stone Age, but in terms of their development, they're in a different time period. 0.98

00:20:40.000 And not only that, but if you want to compete with China, you got to move to China, right? 0.96

00:20:44.000 To exploit their labor laws and their lax regulations to really make the economy more efficient. 0.96

00:20:50.000 To 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.

00:21:03.000 Now, 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.

00:21:15.000 So it's not going to work in that way.

00:21:17.000 That's the first premise the mobility of capital.

00:21:20.000 The second premise, where free traders get it wrong, the second major, major component, and we're talking about like first principles.

00:21:29.000 We're talking about if these things are taken away, basically the entire thing doesn't work.

00:21:36.000 The second area is that free trade is dependent on goods for goods trade.

00:21:40.000 So 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.

00:21:59.000 So in the 18th and 19th century, they don't have these complex financial instruments.

00:22:04.000 They don't have this complex real estate market.

00:22:07.000 They don't have bonds and massive debt and this kind of thing.

00:22:14.000 Or we're going to trade wood for, I don't know.

00:22:17.000 We're going to trade goods for goods, in essence.

00:22:21.000 And, 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.

00:22:28.000 It's just as a simplified example.

00:22:30.000 In this day and age, almost none of that is true.

00:22:32.000 When 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.

00:22:41.000 I believe it's the current account, which is to say that when we're talking about America trading its goods for China's.

00:22:47.000 Goods.

00:22:48.000 So 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.

00:23:00.000 This is only one component of trade.

00:23:02.000 Of course, we export in terms of goods and services a lot less than China exports to us.

00:23:08.000 So in the 21st century, as opposed to just goods for goods, we'll exchange an equal amount, and that'll just be how it'll work.

00:23:16.000 We're going to trade you this many goods, and we'll get this many in return.

00:23:19.000 And that's the end of the story.

00:23:21.000 Nowadays, 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.

00:23:28.000 And how we reconcile that is by selling them in exchange debt, currency, and assets.

00:23:34.000 And that's what changes the entire equation about free trade in this day and age.

00:23:39.000 So 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.

00:23:55.000 We're sending them a lot less in terms of value than they're sending us.

00:23:59.000 And to make up for that, we're selling them, for example, Real estate in America.

00:24:03.000 We're selling them land in America.

00:24:06.000 We're selling them stocks.

00:24:08.000 We're selling them bonds.

00:24:09.000 We're just straight up giving them American currency.

00:24:12.000 And 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.

00:24:28.000 When we have $600 billion a deficit with them in terms of goods, every year we're giving them $600 billion a year.

00:24:35.000 In land, in stocks, which means they're buying shares in our businesses.

00:24:39.000 So they're buying up equity in our stock market, buying up our businesses.

00:24:44.000 They're buying up our debt.

00:24:45.000 So we're paying them interest every year and we owe them the principal and they're taking our currency.

00:24:50.000 And of course, what do they do?

00:24:52.000 And this is just one example of one of the things they buy.

00:24:55.000 What do they do with the currency?

00:24:56.000 They hoard it in a massive state owned entity where they just keep the currency in a reserve and they release it into world markets.

00:25:05.000 They sell off the currency to the world markets.

00:25:08.000 At selective times, in selective quantities, so that it will manipulate the exchange rate of the dollar to their currency.

00:25:16.000 And of course, the exchange rate dictates how much is exported and how much is imported with that country.

00:25:22.000 So 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.

00:25:34.000 So you understand where this becomes a problem.

00:25:37.000 That we have a massive trade deficit with China.

00:25:39.000 In order to compensate for the deficit in goods, we give them currency.

00:25:44.000 And what do they do with the currency?

00:25:46.000 They manipulate the exchange rate in such a way so that we will always have a trade deficit with China.

00:25:51.000 And so they will always be buying our assets, they will always be buying our bonds, always be buying our real estate.

00:25:57.000 They will always get the currency to continue this relationship in perpetuity.

00:26:02.000 And 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.

00:26:12.000 Which is up from 12% in 2007.

00:26:15.000 So, equities is another word for stocks in particular.

00:26:18.000 So, they own a fifth of the shares of publicly traded companies in the United States, a full fifth of that.

00:26:24.000 And that's up 12% from 2007.

00:26:27.000 So, this is rising.

00:26:28.000 This is having a real effect.

00:26:29.000 They are buying up and investing in the future of America in a way that we aren't.

00:26:35.000 In 2015 alone, foreign investors bought $100 billion in real estate.

00:26:42.000 So, think of that.

00:26:43.000 We have our trade relationship with China.

00:26:46.000 We have a $600 billion trade deficit with them.

00:26:49.000 We get goods, which includes these cheap trinkets from Walmart, cheap consumer products, and it's really bad stuff.

00:26:58.000 You look at the quality of the raw materials in terms of steel, it's a lot lower quality than U.S. steel or U.S. aluminum.

00:27:05.000 They give us cheap consumer goods, which are not the same quality as our products.

00:27:11.000 They give us agricultural products, which are not as good as our products, and all the rest.

00:27:15.000 And so we're getting this, like, just shit tier stuff, low level stuff that we could easily produce.

00:27:22.000 And in exchange, they're getting iPhones, they're getting software, they're getting highly valuable things. 0.94

00:27:27.000 And 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.

00:27:41.000 They tried to buy the Chicago Stock Exchange earlier this year, and that was shut down by the government. 0.93

00:27:46.000 So think about that just in terms of is this smart to do economically?

00:27:51.000 Of course not.

00:27:52.000 So these two premises that free trade is based on, which are.

00:27:55.000 The immobility of capital and goods for goods trade, they don't exist in the 21st century.

00:28:01.000 It's a different paradigm now.

00:28:02.000 And also, I think they were basically wrong to begin with.

00:28:05.000 You still had this in the 18th century as well.

00:28:07.000 You still had mobile capital, you still had debt and assets and all the rest, but nowadays to a much, much larger extent.

00:28:14.000 And 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.

00:28:24.000 They're not wrong when they say that free trade is efficient.

00:28:27.000 What they don't tell you is the whole story, which is that it's only efficient in the short term.

00:28:32.000 It's only going to increase the value in the short term.

00:28:36.000 It's good for short term consumption.

00:28:38.000 If we want everything that we want today, we want to consume cheap consumer goods today, nothing better than free trade.

00:28:45.000 If we want to gorge ourselves on cheap stuff from China, no better system than free trade.

00:28:51.000 Here, 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. 0.95

00:29:04.000 We'll sell you off all this land so we could gorge ourselves on cheap stuff.

00:29:08.000 And they're right.

00:29:09.000 There's no better way to do that than free trade.

00:29:12.000 But 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?

00:29:23.000 Of 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.

00:29:32.000 Which is to have very little debt.

00:29:34.000 You understand the debt isn't just, well, we get free money now, but it means we have to pay it back later.

00:29:39.000 It means we're paying trillions of dollars in interest every year and we have to pay back the principal. 0.87

00:29:43.000 Here's just on debt Foreigners own over 44% of U.S. public debt, which is $6.3 trillion, and 29% of corporate bonds. 0.76

00:29:54.000 So all of that has to be paid back, first in interest. 0.73

00:29:56.000 Every year we're paying them trillions in interest, and then we have to pay back the entire principal.

00:30:02.000 So think of that.

00:30:03.000 Which is a better course?

00:30:04.000 Is it a better course that You know what?

00:30:07.000 We'll give you our land.

00:30:08.000 We'll give you our companies.

00:30:10.000 We'll give you all this interest and the principal later on.

00:30:13.000 And we'll give you our currency so that we can keep giving you all this stuff.

00:30:17.000 And we'll have cheap goods.

00:30:18.000 You know, I could have a $2.

00:30:20.000 Well, and it's not even that cheap anymore, right?

00:30:22.000 That's the funny thing.

00:30:23.000 They say, oh, it's cheap consumer goods.

00:30:25.000 Is it really so cheap anymore?

00:30:27.000 Is a basket of goods really so cheap between gas and milk and all these other things?

00:30:32.000 Is it really so cheap?

00:30:33.000 But anyway, but we get cheap, relatively cheap consumer goods.

00:30:38.000 Is that a good bargain?

00:30:39.000 And of course, the other argument that they make, that the Ben Shapiro's of the world make, is a more ideological one.

00:30:45.000 They say, okay, protectionist, you got me there.

00:30:49.000 You got me there.

00:30:50.000 We 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. 0.83

00:31:01.000 You caught us, all right?

00:31:03.000 But what if we said that we were ideologically committed to free trade in spite of all of that?

00:31:08.000 Because 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?

00:31:20.000 Because 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. 0.90

00:31:33.000 They say that it's about ideology, which is, of course, a ludicrous and a ridiculous argument. 0.98

00:31:40.000 Very silly. 0.81

00:31:42.000 The tariff, in essence, is a tax, and taxes are completely avoidable. 0.86

00:31:47.000 You want to avoid the tax on American steel, you want to avoid the, or rather, You want to avoid the tariff on steel from China?

00:31:54.000 You want to avoid the 15% or the 10% tariff on aluminum?

00:31:59.000 Buy American aluminum.

00:32:00.000 Buy American steel.

00:32:02.000 You want to avoid the big tariff coming down on German cars?

00:32:05.000 Buy an American car.

00:32:07.000 Buy American made whatever. 1.00

00:32:10.000 I mean, that's the solution to get out of it.

00:32:12.000 But 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.

00:32:23.000 To 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.

00:32:40.000 A country has to make those decisions.

00:32:42.000 We 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.

00:32:50.000 Ben Shapiro likes to talk about first principles and other free traders.

00:32:54.000 I use him as an example because he's only.

00:32:56.000 One of the most vocal defenders of free trade and the most ardent defenders of free trade.

00:33:00.000 And 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. 0.93

00:33:09.000 And I had been tweeting this just outrageous stuff about free trade that was bullshit and blah, blah, blah. 0.99

00:33:15.000 And Ben Shapiro would come down very hard and say, you know, well, this is ignorant. 0.99

00:33:19.000 You have a trade deficit with your butcher and with your grocery store and all this and that.

00:33:26.000 And so that's why I use him as an example, because he's actually one of the bigger voices.

00:33:29.000 But Those kinds of things, I just don't even think they deserve merit.

00:33:33.000 This is an obvious adjustment.

00:33:35.000 This is an obvious policy for any normal person that it does not make sense for us to sell real estate in exchange for soybeans.

00:33:44.000 It 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.

00:33:55.000 So that's free trade.

00:33:57.000 It's a great thing.

00:33:58.000 Or rather, that's protectionism, that's tariffs.

00:34:01.000 Tariffs are a great thing.

00:34:03.000 And we're putting down the tariffs on our allies tonight and couldn't be happier about it.

00:34:06.000 It's actually a great thing for the country. 0.94

00:34:09.000 And screw Germany.

00:34:10.000 Screw the European Union and Canada and all these countries that have been taking advantage of us.

00:34:15.000 They've been taking our industry.

00:34:16.000 They've been taking our jobs.

00:34:17.000 They take our money and our investments and all the rest.

00:34:21.000 And it's got to stop.

00:34:22.000 Those are not friends, you know.

00:34:24.000 And actually, the benefit of this extends not just to the economic, but also to the diplomatic and the political.

00:34:30.000 That's the last thing which I left out, which is to say that you look at.

00:34:34.000 For example, our handling with North Korea or the handling of the North Korean situation under President Trump.

00:34:41.000 Or you look at the handling with the situation in Iran, where you have a country that has a bad nuclear deal.

00:34:48.000 And the trick with Iran, and this is a good example, is, and we've talked about it at length, the difference between North Korea and Iran. 0.57

00:34:55.000 With North Korea, we pressured China to shut down trade with North Korea. 0.52

00:34:59.000 And that was the end of the story because North Korea was 100% dependent on China. 0.79

00:35:04.000 So we say, China, shut it down, North Korea. 0.52

00:35:07.000 They say okay, and it's over. 0.96

00:35:09.000 It's one and done.

00:35:10.000 It'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.

00:35:17.000 With Iran, it's a different story.

00:35:18.000 They do trade with China.

00:35:20.000 They do trade with Russia.

00:35:21.000 They do trade with a lot of European companies and countries since the opening of the markets after the Iran nuclear deal in 2015.

00:35:29.000 And so, with the Iran nuclear deal, it's a lot harder to put the cat in the bag.

00:35:33.000 It'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. 0.54

00:35:43.000 But here's where tariffs come in actually is a very good thing. 0.97

00:35:46.000 This is an easy.

00:35:48.000 Easy way, which Trump understands that you can leverage other countries.

00:35:52.000 China doesn't want to cooperate on North Korea. 0.97

00:35:54.000 Okay, we'll just put a gun to your head and say, we will destroy your steel industry if you don't. 0.99

00:35:59.000 It's that simple. 0.94

00:36:01.000 The European Union, you guys are not going to put effective sanctions on Iran.

00:36:05.000 You're not going to follow our lead.

00:36:06.000 You think that this deal is a good thing or you disagree with us.

00:36:10.000 Yeah, okay, we will just destroy your industry completely.

00:36:15.000 We will throw our weight around like you couldn't believe.

00:36:17.000 We're the biggest economy in the world, the biggest market, and we will just.

00:36:21.000 Absolutely destroy you economically if you don't go along with what we say.

00:36:25.000 And even if you don't go along with what we say, your own companies will go along with what we say because they don't want to lose access.

00:36:32.000 And so that's the other great thing about tariffs not just for the economics of it, but Trump understands that it's all connected.

00:36:38.000 It's all reciprocal.

00:36:40.000 It'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.

00:36:49.000 Trump looks at it, I think, as all comprehensive.

00:36:51.000 It's all part of the same beast.

00:36:53.000 In the sense that if we could get concessions on North Korea, we could maybe take it easy on China with trade.

00:37:00.000 If the European Union goes along with us on Iran, maybe we take it easy with them on tariffs. 0.56

00:37:04.000 If they don't, hey, we're going to beat the hell out of them with tariffs. 0.96

00:37:07.000 And so that's the other very useful thing where, and I have no bones about that.

00:37:10.000 I don't think anybody should have any bones about that.

00:37:14.000 You know, America is a powerful country.

00:37:16.000 We have lots of leverage.

00:37:17.000 We should get our way because we pay for everything.

00:37:21.000 We subsidize the European Union's defense, we subsidize their economies.

00:37:26.000 We've been doing so for 100 years.

00:37:28.000 Now it's time for us to call in some favors.

00:37:30.000 Now it's time for us to say, okay, now here are the expectations for these countries.

00:37:35.000 And that's a good feeling, I think.

00:37:37.000 Americans, 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.

00:37:46.000 We have lots of power.

00:37:47.000 And 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.

00:37:58.000 And we're going to use the mighty power that we've built up over 100 years and flex on the Nibbus. 0.56

00:38:05.000 And that's a great feeling.

00:38:06.000 So that's the other portion of tariffs, which are, and that's not even economic, but that's another great benefit.

00:38:12.000 So that's tariffs.

00:38:12.000 I don't think we're going to have time to talk about Dinesh D'Souza.

00:38:17.000 I've got a bad stomach cramp.

00:38:19.000 I haven't eaten in a while, I haven't eaten in hours.

00:38:22.000 That'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?

00:38:30.000 But we'll talk about, I think, Ivanka Trump.

00:38:32.000 And that whole situation, and then we'll get into our Stream Labs and Super Chats.

00:38:38.000 And with me in particular, you know, I'm like Paul Blart when it comes to eating.

00:38:42.000 You 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.

00:38:51.000 And so if he didn't have a popsicle or whatever, a Snickers or a lollipop, he would just pass out.

00:38:58.000 That's how I get.

00:38:59.000 I really do.

00:38:59.000 It's like if I don't eat, I turn into a whole different person.

00:39:02.000 So if it gets ugly in the Stream Labs, You know why.

00:39:07.000 Hopefully that'll excuse some of the behavior.

00:39:10.000 You know, and that's the thing people just antagonize on purpose and then they get all.

00:39:14.000 That was yesterday.

00:39:15.000 People come in and they deliberately poke the bear. 0.85

00:39:17.000 They come into the Catholic show, basically. 0.66

00:39:20.000 I don't know if you've heard that or not.

00:39:20.000 I'm Catholic.

00:39:22.000 People come into my show where I'm Catholic.

00:39:24.000 I talk about it a lot. 0.96

00:39:26.000 And they just blatantly disrespect the Pope is, you know, a heretic and this is nonsense, blah, blah, blah. 0.99

00:39:32.000 I respond back and people get all offended and they're like, oh, why are you so mean?

00:39:37.000 I don't know what the expectation is.

00:39:38.000 But nevertheless, we're going to talk about Samantha B and then we'll call it a night.

00:39:43.000 And this is basically a short thing.

00:39:44.000 You know exactly what I'm going to say on this.

00:39:46.000 Everyone's saying this.

00:39:48.000 It's a double standard.

00:39:49.000 Samantha B gets on her show last night. 0.97

00:39:51.000 It's called Full Frontal of Samantha B. 0.99

00:39:54.000 And let's get this out of the way. 1.00

00:39:55.000 As we always do, women are not funny. 1.00

00:39:57.000 Women will never be funny. 1.00

00:39:59.000 And we always have to clarify that. 1.00

00:40:01.000 That's the mantra on this show. 1.00

00:40:02.000 If there's a slogan, if there's a catchphrase on the show, women are not funny. 1.00

00:40:06.000 They never will be. 1.00

00:40:08.000 And so Samantha B is one of these female comedians, if they even exist. 1.00

00:40:11.000 She does this horrible show. 1.00

00:40:13.000 It's just so tryhard.

00:40:14.000 It's so PC.

00:40:15.000 It's so liberal. 1.00

00:40:16.000 And it's crap. 1.00

00:40:18.000 It relies, and this is female comedy in general, and also liberal comedy. 0.99

00:40:22.000 It relies 100% on vulgarity because they can't say anything that's actually dissident. 0.79

00:40:27.000 They can't say anything that's actually controversial or actually even true.

00:40:31.000 So 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. 0.99

00:40:40.000 I 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. 1.00

00:40:53.000 So she goes on television for her show and, you know, ah. 1.00

00:40:56.000 It's full frontal.

00:40:57.000 It's so edgy. 0.82

00:40:58.000 We'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. 0.60

00:41:10.000 And we're going to go along with every major institutional force and we're going to hit the president.

00:41:14.000 So brave, so edgy, so rebellious. 0.79

00:41:16.000 And she goes on the air last night and she calls Ivanka Trump a feckless C U N T, which is a horrible word.

00:41:23.000 Even I don't use that word.

00:41:24.000 I generally do not.

00:41:26.000 I don't think I've ever used that word to, well, No, I don't think I ever have.

00:41:30.000 I understand in some countries it's different.

00:41:32.000 Like in Australia, I guess they just, that flies around like crazy.

00:41:35.000 But in America, there's a real taboo.

00:41:38.000 And it's, in my opinion, it has to be reserved for the worst of the worst of the thoughts.

00:41:45.000 You know, I have friends who will throw that around a lot. 1.00

00:41:47.000 And to me, that's a mistake because we already throw around bitch like it's no problem. 1.00

00:41:52.000 We already throw around thought like it's, you know, there's no tomorrow or slut or whore or whatever. 1.00

00:41:57.000 And increasingly we have to use those a lot fornicator. 0.99

00:42:01.000 But C U N T, the C word is one of these words where it still has that gravitas. 0.87

00:42:06.000 There's still, it's like, whoa.

00:42:08.000 Even if you say that in the mainstream, even if a comedian says that, it's still like, whoa, hey, take it easy there.

00:42:16.000 It's still kind of a big deal.

00:42:17.000 Even I think in movies, if you say that word too many times, it gets an NC 17 rating, I think.

00:42:23.000 So, in my opinion, that word has to be reserved for like, you know, you have to do something pretty bad to warrant that.

00:42:29.000 And then it's like, whoa, dude. 0.99

00:42:32.000 Damn, like, okay, okay, Shouty, you know, that kind of thing. 1.00

00:42:36.000 So, in my opinion, in my estimation, you shouldn't throw that one around. 1.00

00:42:40.000 That one's got to be, that's special occasions.

00:42:42.000 That's used a couple of times in a lifetime. 1.00

00:42:44.000 I don't know, you may know a lot of women, in which case you may have to throw it around a lot.

00:42:48.000 We're just simply talking about probabilities here.

00:42:51.000 So, she called Ivanka Trump the C word.

00:42:54.000 And this is rich because this comes, of course, 48 hours after the Roseanne situation. 0.99

00:42:59.000 Roseanne calls Valerie Jarrett a monkey, basically.

00:43:01.000 Well, she didn't call her that. 0.99

00:43:02.000 She said she looks like Planet of the Apes, which she does. 0.98

00:43:06.000 And her shows canceled within hours.

00:43:07.000 Before an advertiser boycott, before there's even a big public outcry, it canceled within hours.

00:43:13.000 And it's, you know, this does not reflect our values.

00:43:15.000 And conservatives are tripping over themselves to defend ABC.

00:43:19.000 They made the right call out of good faith.

00:43:23.000 And 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.

00:43:36.000 Fired. 0.81

00:43:37.000 Samantha B, this was in a scripted show. 1.00

00:43:40.000 Her writers came up with this.

00:43:41.000 Many people came up with this.

00:43:44.000 And they were like, oh, should we say this?

00:43:45.000 Yeah, let's say this.

00:43:46.000 This had to go through rounds of editors and standards and practices and all the rest.

00:43:51.000 I mean, this had to get approved, I'm sure, by many layers.

00:43:55.000 And then she goes on the air and has no problem saying it.

00:43:58.000 And they both apologize.

00:44:00.000 Samantha B apologizes.

00:44:01.000 TBS apologizes.

00:44:02.000 They say, oh, this was terrible.

00:44:03.000 But of course, this was greenlit at every level.

00:44:07.000 Oh, my bad.

00:44:08.000 People didn't like it.

00:44:09.000 So now I'm so sorry.

00:44:11.000 I don't think so.

00:44:12.000 And they've already had two advertisers pull out Auto Trader and State Farm.

00:44:17.000 And yet, her show is not pulled.

00:44:19.000 And this is no surprise to anybody. 0.99

00:44:22.000 The 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. 0.99

00:44:31.000 They made the right call. 1.00

00:44:32.000 Roseanne Barr's joke was racist and blah, blah.

00:44:36.000 And is that reciprocated in any way, shape, or form by the left? 1.00

00:44:40.000 No.

00:44:41.000 And all it took was two days for that to be proven.

00:44:44.000 All it took was two days for that to be shown.

00:44:48.000 That there is no good faith from the other side.

00:44:50.000 You know, they're like, oh, well, we'll be principled and we'll be in good faith.

00:44:54.000 You know what? 0.80

00:44:55.000 Rosie O'Donnell is a racist, and that's not what conservatism is about. 0.94

00:45:00.000 Are the liberals lining up to say Samantha B is a terrible person? 1.00

00:45:03.000 She should be fired. 0.97

00:45:04.000 No, of course not.

00:45:05.000 They're defending her.

00:45:06.000 You go on her apology tweet, and the number one reply is, but is she wrong, though?

00:45:11.000 Okay, these are the people we're dealing with. 1.00

00:45:13.000 They're human garbage. 1.00

00:45:15.000 And that's why it's just kind of funny how pathetic. 1.00

00:45:20.000 I mean, it's a joke, it's a bad joke. 0.99

00:45:22.000 The conservative movement.

00:45:23.000 And it's sad.

00:45:24.000 I mean, these people, you talk about feckless people, where two days ago they're willing to sell out their own in a heartbeat.

00:45:31.000 And 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.

00:45:38.000 And the whole thing, yeah, you know what?

00:45:39.000 She is racist and there's so much racism, but, you know, we disavow and all the rest.

00:45:45.000 And ABC made the right call. 0.57

00:45:48.000 And of course, it's never reciprocated.

00:45:49.000 We never get it back.

00:45:51.000 So we just have to smarten up, folks.

00:45:53.000 We just have to toughen up a little bit.

00:45:55.000 It's not difficult.

00:45:56.000 These people hate us.

00:45:58.000 They all week they've been talking about how we should have compassion for pedophiles.

00:46:02.000 This is who we're talking about, folks.

00:46:04.000 This is not people who are like, oh, well, they're liberal and we're conservative and there's a moral equivalency.

00:46:10.000 You 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.

00:46:18.000 No, no, no, no.

00:46:19.000 These people control everything.

00:46:21.000 They control everything. 0.99

00:46:22.000 They control the media. 0.95

00:46:24.000 They control Hollywood.

00:46:25.000 They control television, the music industry.

00:46:28.000 Politics, they control everything.

00:46:31.000 The 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.

00:46:43.000 All of them.

00:46:44.000 So they control the whole world.

00:46:46.000 And 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.

00:46:53.000 This week we saw on Twitter the crusade to get pedophilia normalized.

00:46:57.000 They say, oh, well, non contact pedophiles. 0.98

00:47:00.000 So, 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. 0.99

00:47:09.000 That's from the left. 0.99

00:47:10.000 These are the people we're talking about here.

00:47:13.000 That we have to be fair and we have to have good faith arguments and we have to be principled when we fight them.

00:47:19.000 These people are, they endorse pedophilia.

00:47:22.000 They endorse abortion. 0.99

00:47:24.000 They endorse.

00:47:26.000 It's incredible to me that we have demonic enemies.

00:47:31.000 They rule the world and we're, oh no, but we have to argue with them in good faith.

00:47:37.000 We have to sit them down on an equal playing field and make good faith arguments with them.

00:47:41.000 No, no.

00:47:42.000 It's crazy.

00:47:43.000 It's insanity. 1.00

00:47:44.000 It's just plain stupid. 1.00

00:47:46.000 And it's so stupid. 1.00

00:47:48.000 It's so insane that I don't even think you could call it that. 1.00

00:47:50.000 It's deliberate.

00:47:51.000 It's called, it's a little thing called controlled opposition.

00:47:54.000 That's what they are.

00:47:56.000 You know, these people, if they're not on board with what we're talking about generally on this show, they're controlled opposition.

00:48:03.000 They exist not to mobilize the masses, they don't even exist to defeat the left.

00:48:07.000 Even a Ben Shapiro doesn't exist to defeat the left.

00:48:10.000 They exist to keep us from going to the place where we need to go.

00:48:14.000 They exist to, as Gavin McInnes said, be a net to keep us away from the truth, real organization in our own interests against real evil.

00:48:24.000 They exist to say, oh no, the left isn't all that bad, and we can compromise on this kind of stuff. 1.00

00:48:29.000 Yeah, drag queens and trannies and all this kind of stuff. 1.00

00:48:31.000 Oh, we can compromise on that. 1.00

00:48:33.000 It's all fun. 1.00

00:48:34.000 What are you, the new church ladies? 0.99

00:48:37.000 Oh, you're just like conservative SJWs when you say that normalization of pedophilia should be opposed with a crusader's vigor. 0.99

00:48:47.000 Oh, you're just a moralist. 0.98

00:48:49.000 These people are going to hell. 0.96

00:48:51.000 But so that's Samantha B. Surprise, surprise. 0.99

00:48:55.000 You know, liberals are going to have a double standard. 0.97

00:48:59.000 Good thing we played with them in such good faith. 0.99

00:49:01.000 But so that's Samantha B. We're going to take your Streamlabs and then your Super Chats. 0.97

00:49:06.000 And then I'm going to get something to eat, fellas.

00:49:08.000 I'm going to get.

00:49:09.000 What am I going to get to eat?

00:49:11.000 I should probably not think about it or I'm going to be in pain.

00:49:16.000 Let's see what we've got.

00:49:20.000 And also tonight, I hope.

00:49:21.000 Kanye West's album comes out tonight.

00:49:23.000 He said my new album comes out June 1st.

00:49:27.000 We'll see.

00:49:28.000 We'll see if it happens.

00:49:29.000 We know that Life of Pablo was delayed many, many times.

00:49:33.000 And it's been two and a half years since he came out with an album.

00:49:36.000 Two years, four months.

00:49:38.000 That album changed my life, you know?

00:49:40.000 And we need more of Kanye.

00:49:42.000 Some of the stuff has been disappointing.

00:49:43.000 The Push a T album, stinker, in my opinion, was not real.

00:49:47.000 You know, I was listening to it and I was like, eh, you know, this is good.

00:49:51.000 Does it really motivate me?

00:49:51.000 Is it great?

00:49:53.000 Not really.

00:49:54.000 You know, this is.

00:49:55.000 Are we going to pretend this is exceptional stuff?

00:49:57.000 No.

00:49:57.000 People aren't really trying hard anymore.

00:49:59.000 So we've got to have some of that old Kanye flavor.

00:50:02.000 He's kind of been off his game since Beautiful, Dark, and Twisted Fantasy.

00:50:06.000 Not to say I don't like Yeezus and Life of Pablo, but it's like, has he been changing?

00:50:10.000 Has he really been as dynamic as before, as innovative, as revolutionary?

00:50:15.000 Eh, eh, not so much.

00:50:17.000 So hopefully, fingers crossed, we get it and then it's good.

00:50:21.000 But Redacted says Nick, avid listener, longtime supporter.

00:50:26.000 Heard the super chat on yesterday's show calling for a co host, and I had to say, Wrong.

00:50:31.000 Occasional guests are fun, but your talent exceeds the need to lean on anyone else.

00:50:36.000 Rock on, big guy.

00:50:37.000 Thanks for all you do.

00:50:38.000 Well, appreciate it, big guy.

00:50:39.000 And, you know, that's basically been my theory.

00:50:41.000 You know, people have told me all along, you need a co host.

00:50:45.000 You need someone else.

00:50:46.000 You know, my dad told me this. 1.00

00:50:47.000 You need to have a woman on the show, you know, like JF does. 1.00

00:50:50.000 It's like, no. 1.00

00:50:51.000 First of all, it would never in a million, billion, trillion years would I have a female co host.

00:50:57.000 It just wouldn't happen. 1.00

00:50:58.000 I would never compromise.

00:50:59.000 You know, he might as well just sign on to Fox News. 0.92

00:51:03.000 If we're going to compromise that much, I might as well just be a shill for Israel, right?

00:51:06.000 I 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. 0.90

00:51:15.000 But I appreciate that it's true.

00:51:17.000 It's true.

00:51:17.000 I 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.

00:51:26.000 I 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.

00:51:34.000 I'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.

00:51:43.000 Where if they come on, either they're not interesting or the voice isn't interesting, there's a lot that can go wrong.

00:51:51.000 So we appreciate your insight.

00:51:53.000 Irvin 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.

00:52:00.000 What do you do differently, and what should all those other people be talking about instead?

00:52:04.000 Honest question.

00:52:05.000 Well, it's a good question, and it's true.

00:52:08.000 This is my problem.

00:52:10.000 It's not that people talk about the same issues.

00:52:12.000 There's only so many things under the sun to talk about, and we know what the big issues are.

00:52:17.000 The trick is if you're a content creator, your job is to make it interesting, to make it fresh, to present interesting things.

00:52:25.000 And so on this show, we've managed to come up with a different take every day, a different show, a different premise.

00:52:32.000 And some of the stuff is repeat.

00:52:34.000 On 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.

00:52:43.000 But what we find with Certain people and certain, this is Twitter posters, this is podcasters, this is all kinds of people.

00:52:52.000 What 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.

00:53:02.000 I can't.

00:53:03.000 And I agree with them.

00:53:03.000 It almost gets to the point where it turns me off, where I start thinking about all the alternatives and the nuances.

00:53:08.000 But people come on every day and you listen to some of these podcasts and it's, ah, ah, ah, ah, the Jews, ah, ah, you know it. 0.71

00:53:16.000 Oh, okay. 0.53

00:53:17.000 I mean, like, yeah, we acknowledge on this show that there is Jewish power in America.

00:53:21.000 There's Jewish power in media, in entertainment, in Hollywood, in the Israel lobby, and all the rest.

00:53:27.000 Yeah.

00:53:28.000 And, okay, like, we've established this, and we've talked about it a lot.

00:53:32.000 We 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?

00:53:41.000 We're still talking about that?

00:53:43.000 People still find this interesting?

00:53:44.000 It's like you're watching the same movie over and over and over again, you know?

00:53:49.000 It's like Howard Hughes, you know.

00:53:51.000 Was he the one that watched the same movie?

00:53:53.000 What was the movie that he watched?

00:53:55.000 Because he watched the same movie on repeat.

00:53:58.000 But I forget what it was.

00:54:00.000 But it's like that.

00:54:00.000 It's like, you know, what movie are we watching?

00:54:01.000 Oh, Star Wars.

00:54:03.000 The next night, what movie are we watching?

00:54:04.000 Star Wars again.

00:54:05.000 Isn't that our favorite?

00:54:06.000 Like, yeah, it's good, but let's try a different one tonight, you know? 1.00

00:54:09.000 So it's the same shit on cycle. 0.99

00:54:11.000 So the solution is let's just get into detail here. 0.99

00:54:16.000 Let's do what I do, which is, you know, I read extensively, so I get a lot of perspective, a lot of context.

00:54:21.000 We talk about current events, so it's about news, and you got to talk about it in a fresh way, and it's not hard.

00:54:29.000 Brian W. Hello, Nicholas.

00:54:31.000 What is your opinion on the privatization of the Federal Reserve in American currency?

00:54:36.000 And have you ever thought of a solution involving backing currency by raw materials once again?

00:54:43.000 You 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.

00:54:53.000 Fiat, 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?

00:55:09.000 Oh, well, these numbers are okay, so we'll change it this much.

00:55:11.000 I mean, it's alchemy.

00:55:12.000 It's complete alchemy.

00:55:13.000 There's no real science to it.

00:55:16.000 And 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.

00:55:32.000 So 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.

00:55:45.000 On the other hand, you have to recognize that currency is what holds the country together.

00:55:48.000 That the government has the power to regulate currency is a great power.

00:55:52.000 Now, as a libertarian, I would have said, oh, that's bad.

00:55:55.000 It should be destroyed.

00:55:56.000 As a conservative, now I have to say that's kind of a good thing.

00:55:59.000 That 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.

00:56:14.000 It's one of the ways we could keep the country stable and together.

00:56:18.000 So, on the one hand, I understand the problems.

00:56:21.000 On the other hand, I understand the power of it.

00:56:22.000 So, I guess I'm not so much in favor of denationalization of currency where we can liberalize and everyone can compete.

00:56:30.000 But I do think the Federal Reserve system has to change.

00:56:33.000 I 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.

00:56:55.000 And if you had a formula like that, it's predictable.

00:56:58.000 A corporation can say, I can reasonably assume what the quantity of money will be.

00:57:02.000 In six months or in a year or two years.

00:57:04.000 And banks can do the same.

00:57:06.000 And they could base their interest rates and loans off of that kind of thing or investments.

00:57:10.000 And maybe you have some kind of provisional element where if it gets bad, you know, the Federal Reserve steps in.

00:57:16.000 Maybe that would kind of defeat the whole purpose.

00:57:17.000 But I think there are alternatives we could look at to the Federal Reserve system where it's a bad system.

00:57:23.000 Let's change it as opposed to denationalize currency, unleash Pandora's box.

00:57:27.000 I think things could get pretty wild.

00:57:29.000 And 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.

00:57:38.000 This 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.

00:57:48.000 I don't know about a metal backed currency.

00:57:50.000 I think that's kind of outdated in terms of it, it'd be a little impractical in this day and age.

00:57:56.000 American Rebel, you've inspired me to punch the next thought I see right in the nose, big guy.

00:58:01.000 And if you think this is bad optics, then take a look in the mirror. 0.99

00:58:04.000 Poo poo head.

00:58:05.000 Well, I definitely don't encourage violence against women. 0.99

00:58:08.000 Unless it is in self defense, unless there's no other way.

00:58:11.000 Actually, even in that case, I would say no violence against women.

00:58:14.000 Even if a woman is repeatedly stabbing you or if she has a gun, you can't.

00:58:20.000 Guys, we can't do it.

00:58:23.000 We can't do it.

00:58:23.000 We're gentlemen, okay?

00:58:25.000 The swag is for boys, class is for men, and we're not going to hit women no matter what.

00:58:31.000 Even if they're stabbing you, even if they just disrespect you in a way, you can't do it.

00:58:35.000 You can never hit a woman. 0.66

00:58:37.000 Do not, never strike a woman, even in self defense.

00:58:41.000 If I see anybody striking women, I'm going to retweet it and scold you very badly.

00:58:47.000 American Rebel, I don't know if you talked about it yet, but what is the news on the paywall? 0.98

00:58:54.000 Charming, charming.

00:58:56.000 I got to hold it in.

00:58:57.000 You know, today I'm in, I guess I'm in a better mood today.

00:58:59.000 I'm a little bit more well rested, back on a regular sleep schedule.

00:59:03.000 I'm hungry, so it's, you know, patience is like this, but I think I'm holding it back.

00:59:09.000 We're doing, I'm doing all right, okay?

00:59:12.000 I'm managing my, I'm acknowledging that I'm angry.

00:59:15.000 I'm recognizing my emotions.

00:59:18.000 I'm acknowledging that I'm in control of them.

00:59:20.000 And I am reacting in a way that is healthy and will not alienate my viewers.

00:59:27.000 And I hope you respect that.

00:59:28.000 Questionnaire.

00:59:30.000 And to answer that question, it's nicholasjfuentes.com.

00:59:33.000 You've got to sign up for the email list.

00:59:35.000 I know you're trying to get my goat, but for people that don't know, questionnaire.

00:59:40.000 On what other fronts could America maintainslash grow its sense of nationalism if we strayed from a free market?

00:59:46.000 I'd assume some of American nationalism resides in our concept of economic freedom.

00:59:51.000 Should we then rally our people via government funded feats?

00:59:54.000 No, of course not.

00:59:55.000 But you have to understand that the country has never been, has never, ever, ever been a free trade country, ever, prior to the 1990s.

01:00:06.000 Never, never.

01:00:07.000 Until the Industrial Revolution, the government was funded by tariffs.

01:00:12.000 Until and through the Industrial Revolution, the federal government was funded almost 100% by tariffs.

01:00:18.000 From 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.

01:00:30.000 Until that point, the government was funded almost entirely by tariffs.

01:00:34.000 And actually, Alexander Hamilton was very careful to arrange the country's finances in such a way that we would not be a debtor nation.

01:00:41.000 You understand, to fund the Revolutionary War, we had to incur massive debts.

01:00:46.000 It was a tremendous economic feat, but Alexander Hamilton was a genius.

01:00:50.000 And he made it such that America was able to be a creditor after this expensive war and being a fledgling nation.

01:00:56.000 And this was a source of economic strength.

01:00:58.000 We had tariffs that protected our industry, our agriculture. 0.95

01:01:01.000 For centuries until we got stupid and the financial interests bought the politicians, and now we give away our stuff for free. 0.72

01:01:08.000 So it's never been the case. 0.99

01:01:09.000 We've always had economic freedom, but we've never been stupid about it.

01:01:13.000 We have to have economic nationalism.

01:01:16.000 And so, you know, in many times throughout history, we've had big government public works projects.

01:01:21.000 We could go back to that in terms of infrastructure.

01:01:23.000 I don't think that's a bad course of action.

01:01:25.000 You know, infrastructure is one of the few areas where the Constitution says this is the area of government.

01:01:30.000 You know, look at the railroads.

01:01:31.000 Look at.

01:01:32.000 The Hoover Dam, the big infrastructure projects of the 30s and 40s and 50s and 60s.

01:01:37.000 It's government.

01:01:39.000 And, you know, that's not to say we're wild about government, but have private contractors build it or whatever.

01:01:44.000 But that's one of the useful areas for government.

01:01:47.000 Of course, there's economic freedom.

01:01:48.000 That's always been a source of our power.

01:01:50.000 But internally, lax regulations internally.

01:01:54.000 Kill regulations.

01:01:55.000 Trump is doing that. 0.97

01:01:56.000 Kill minimum wage.

01:01:57.000 Well, that one's a little bit debatable.

01:02:00.000 But kill a lot of the regulations environmental, regulatory, labor.

01:02:05.000 Kill the regulations.

01:02:07.000 Cut taxes.

01:02:08.000 I 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.

01:02:22.000 China wants to pay their workers a dime, pennies on the dollar.

01:02:26.000 How do you compete with that? 0.68

01:02:27.000 You can't.

01:02:28.000 Can you work for pennies a day in America?

01:02:31.000 You can do that in India. 0.99

01:02:31.000 No. 0.99

01:02:32.000 You could do that in China when the cost of living is much lower.

01:02:35.000 Not here. 0.95

01:02:36.000 No chance.

01:02:37.000 So, I get what you're saying.

01:02:38.000 And I'm not saying I don't believe in economic freedom, but I am saying that we have to have a more nuanced position on it.

01:02:45.000 This ideological insanity.

01:02:48.000 It has to be free trade, no barriers, just worship the free market.

01:02:52.000 You know, I'm not saying total communism now, nationalized industry, but I am saying the free market has a place.

01:03:00.000 It has to be used to pursue national interests.

01:03:05.000 One Lone Pilot.

01:03:06.000 Nick, great show tonight.

01:03:07.000 Don't let the pagans get you down.

01:03:09.000 Remember, Christ is king, God is supreme, and we know who will win in the end.

01:03:13.000 God bless all the kings out there.

01:03:15.000 Much appreciated, big guy.

01:03:16.000 God bless you.

01:03:17.000 The pagans do not get me down.

01:03:19.000 They never have.

01:03:19.000 They never will.

01:03:21.000 Pagans are dumb LARPers. 1.00

01:03:23.000 And you know, look, there are very smart pagans out there, but they're dumb still. 1.00

01:03:27.000 They can be very clever people. 0.99

01:03:28.000 Let's put it that way.

01:03:29.000 They could be very clever people, very educated people, intellectuals, maybe. 1.00

01:03:34.000 But if you're a pagan, I'm sorry, it's silly. 1.00

01:03:36.000 It's silliness. 0.99

01:03:38.000 And only an intellectual could really seriously engage with something that silly. 0.96

01:03:43.000 Anybody with common sense, instinct would tell you it's.

01:03:46.000 Fiction.

01:03:47.000 It's nonsense.

01:03:48.000 They don't even believe in paganism. 0.83

01:03:50.000 I mean, it's like even the pagans will say, they will acknowledge.

01:03:55.000 I'll give you an example Greg Johnson, who challenged me to a debate that may or may not be in the works.

01:04:00.000 I watched one of his talks on Christianity, and he said, Of course, I don't believe in paganism.

01:04:04.000 Of course, I don't really believe in Odin.

01:04:07.000 Of course, I don't believe that's real.

01:04:10.000 And he said that the alternative to Christianity would be some form of paganism.

01:04:15.000 After like 30 minutes, he finally admitted in the debate, Oh, actually, I believe paganism will be the answer to this.

01:04:23.000 And here's the problem.

01:04:24.000 He at once acknowledges that the problem in Western civilization is the lack of moral education.

01:04:31.000 That with the decline of Christianity, you have the lack of moral education.

01:04:35.000 That people are not learning what is moral and what is not moral through biblical stories and things like that.

01:04:39.000 On the other hand, he says, well, but we should replace it with something nobody really believes in.

01:04:44.000 Moral education has no moral authority if you don't actually believe in it.

01:04:48.000 Nobody believes in paganism.

01:04:50.000 So, you know, there's a story about a pagan hero, a pagan Viking.

01:04:53.000 Yeah, okay.

01:04:54.000 I'm sorry, does that have any authority over me?

01:04:56.000 No.

01:04:58.000 What encourages me to start a family then?

01:05:00.000 By the way, how many pagans have families?

01:05:03.000 I see a lot of pagans, and hey, look, I don't mean to go for a low blow, but I see a lot of pagans, and not a lot of them have families.

01:05:09.000 Some of them do, it's not all of them, but many of them don't have families.

01:05:13.000 Many of them are not abiding by practices which are going to, let's just say, facilitate large families.

01:05:20.000 You know, you see a lot of pagans, what incentive is there to be sexually moral?

01:05:24.000 What incentive is there to be a strong, upstanding member of the community?

01:05:28.000 Because it worked out in this Odin's fable.

01:05:31.000 In Christianity, there's a moral imperative that you start a family.

01:05:36.000 You have this morality.

01:05:37.000 You are a contributor to the community, all the rest, to fight for God.

01:05:42.000 It's lacking in paganism.

01:05:44.000 Hey, guys, turn away from everything you've ever wanted, which is to say, abundant and easy food, technology, comfort, entertainment.

01:05:54.000 I know you're just living in a fantasy world in terms of all the different. 0.85

01:05:59.000 Games and shit you can do today, but hey, have you considered Odinism? 0.96

01:06:04.000 Have you considered shunning all of that because this cool picture of a guy in a hat and he's ripped? 0.99

01:06:10.000 And look at what Odin did for his people.

01:06:13.000 99% 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. 0.98

01:06:23.000 And I like cheap and easy sex. 0.98

01:06:24.000 You know, why would I be like an Odinist? 0.99

01:06:26.000 You know, that's the response. 1.00

01:06:28.000 Why should I care?

01:06:29.000 Why would I abide by that?

01:06:30.000 Where's the authority?

01:06:31.000 There's none.

01:06:33.000 Common sense.

01:06:35.000 And somebody in Chinese says, Hey, Nick, I have a question about Catholicism and the Pope.

01:06:40.000 Here we are.

01:06:41.000 I don't hate Catholics, but I don't see how you can support the Pope.

01:06:44.000 He obviously said things that are not Christian, and I don't think you agree with most of them anyway, so why support him?

01:06:53.000 It always comes back to this.

01:06:55.000 Nick, the Pope says things we might disagree with, so how do you support him?

01:06:58.000 He is the vicar of Christ on earth.

01:07:01.000 And this is, it's so weird to me.

01:07:05.000 We crave authority, we are authoritarians.

01:07:08.000 We believe in authority, we believe in moral authority.

01:07:11.000 Here's an authority.

01:07:14.000 I don't like that.

01:07:16.000 I don't like that.

01:07:16.000 Can we change it?

01:07:18.000 I don't like that.

01:07:19.000 Never mind.

01:07:19.000 I don't like that authority anymore.

01:07:21.000 Never mind.

01:07:22.000 I don't believe in that authority anymore.

01:07:24.000 Oh, I don't really like what the authority said.

01:07:26.000 So, can we get rid of him?

01:07:29.000 Can we vote him out?

01:07:30.000 Is there something we could do?

01:07:31.000 Can we leave and start another?

01:07:33.000 Madness.

01:07:34.000 Madness.

01:07:35.000 You can, you know, we can disagree with the Pope all we want.

01:07:38.000 It doesn't change the fact that he is the successor of Peter, that he is the successor of the Bishop of Rome.

01:07:45.000 He has inherited the keys to the kingdom.

01:07:47.000 He.

01:07:48.000 In essence, it is the rock on which the church is founded.

01:07:50.000 Rome is.

01:07:52.000 It doesn't change the fact that the early church fathers said that Pope is the supreme ecclesiastical authority.

01:07:57.000 Even the Eastern Church acknowledges this in the Council of Florence.

01:08:00.000 It doesn't change any of that, not one lick, that the Pope says something we don't like.

01:08:06.000 And so you could say, Oh, I disagree with the Pope.

01:08:08.000 I don't like what the Pope says.

01:08:09.000 And believe me, I've said that before.

01:08:11.000 I don't support the Pope.

01:08:12.000 I don't like, Oh, I think the Pope is a good idea.

01:08:15.000 The Pope is the vicar of the Son of God.

01:08:18.000 And so you don't have to like it, but that's the way it is.

01:08:21.000 Maybe you don't like it.

01:08:22.000 Oh, okay.

01:08:23.000 You're against God.

01:08:25.000 If God is over here and what I like is over here, I'm not going to hang out so much here.

01:08:29.000 I'm going to go over there.

01:08:31.000 You know, imagine if God was like, Did you, you know, the truth is this.

01:08:36.000 And you were like, No, I disagree actually.

01:08:39.000 No, it doesn't conform to my, excuse me, but it doesn't conform to my opinion about it.

01:08:46.000 Hey, excuse me.

01:08:47.000 Yeah, I know you have your opinion about it, but I think otherwise.

01:08:52.000 You know, imagine the hubris.

01:08:55.000 So, am I wild about the Pope?

01:08:57.000 No!

01:08:57.000 He's a Jesuit and a liberal.

01:09:00.000 So, am I wild about that?

01:09:02.000 No.

01:09:03.000 But he's the vicar of Christ on earth.

01:09:06.000 And that's the way it goes.

01:09:07.000 You know, all these people, I'm a monarchist.

01:09:09.000 I believe in dictators.

01:09:11.000 You're going to get a bad king every once in a while.

01:09:14.000 You're going to get a bad dictator every once in a while.

01:09:17.000 This is what happens.

01:09:18.000 I don't understand.

01:09:20.000 We hate liberalism, we detest democracy.

01:09:23.000 I thought we were all on the same page.

01:09:24.000 But when it comes to the actual.

01:09:27.000 And 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.

01:09:34.000 You can't have it always.

01:09:35.000 Can't have it always.

01:09:37.000 We don't have to agree with him.

01:09:38.000 Doesn't change his authority.

01:09:40.000 So, why do I support him even if I don't agree with him?

01:09:43.000 Because I believe that he is the vicar of Christ.

01:09:47.000 I believe he has the authority.

01:09:49.000 And I don't have to agree with everything he said.

01:09:50.000 That's not part of it.

01:09:51.000 He is only infallible in a very limited range of things.

01:09:55.000 And somebody very rudely said, oh, Nick forgets to acknowledge this.

01:09:59.000 I say it all the time. 0.99

01:10:00.000 Asshole. 1.00

01:10:01.000 Somebody in the comments is like, You make Catholics look like idiots. 1.00

01:10:04.000 Oh, why don't you start your YouTube channel and defend Catholicism to the hordes then? 1.00

01:10:08.000 Okay, you know, genius.

01:10:10.000 But to acknowledge, the Pope is infallible in a very narrow range of things.

01:10:16.000 It's only in a very narrow range of theological issues.

01:10:20.000 And only when he invokes the magisterium is he contributing.

01:10:26.000 Is he protected from error by Christ?

01:10:28.000 That's the only case.

01:10:29.000 So it's not like, you know, I'm the liberal on immigration and we have to submit to that.

01:10:33.000 Wrong.

01:10:35.000 So, I don't support him.

01:10:37.000 I believe in God.

01:10:38.000 I believe that Jesus Christ was his son.

01:10:39.000 I believe that Jesus Christ gave the keys to Peter, gave him, built the church on that rock.

01:10:45.000 And I believe that his successors have the same authority.

01:10:47.000 And so I believe that the Pope has the same authority.

01:10:50.000 So there it is, folks.

01:10:52.000 There it is.

01:10:53.000 It's not complicated stuff.

01:10:55.000 I don't know if it's Protestants or atheists, but they just can't wrap their heads around this.

01:10:59.000 DL says a foreign hostile elite already owns this country.

01:11:03.000 What does it matter if it simply switches hands to China?

01:11:09.000 I don't.

01:11:10.000 Understand this argument.

01:11:11.000 I mean, you know, people who say this kind of thing, it's like, move, go to Iceland if you think this.

01:11:18.000 You know, hostile powers control our country, so who cares what hostile power, you know, let's just let it all go to hell.

01:11:25.000 Who cares if China owns it or if, you know, other people own it?

01:11:30.000 We don't want anybody to own it. 0.62

01:11:31.000 We don't want China to own it. 0.98

01:11:33.000 We don't want Israel to own it.

01:11:34.000 We don't want Mexico to own it. 0.98

01:11:36.000 The truth is, it's very complicated. 0.92

01:11:38.000 It's not just, it's not so one dimensional as people would like to make it out.

01:11:42.000 You're referring to Jewish power, which is real.

01:11:44.000 But you also understand that the Mexican lobby is very powerful. 0.99

01:11:47.000 Mexicans send their people.

01:11:49.000 Pakistanis and Indians are very powerful.

01:11:51.000 There were many races.

01:11:51.000 There was a race in Louisiana.

01:11:54.000 Bobby Jindal ran for governor in 2002.

01:11:58.000 And 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. 0.56

01:12:06.000 In Georgia, there was a big Senate election about 10 years ago where it was a pro Palestinian candidate versus an Israel candidate. 0.59

01:12:12.000 A Middle Eastern proxy war ensued.

01:12:14.000 Arabs giving money to one, Israelis to another. 0.95

01:12:17.000 Mexicans do this. 0.87

01:12:18.000 There'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. 0.96

01:12:30.000 They're illegals, but many municipalities and businesses in these areas recognize those cards distributed by the consulates.

01:12:38.000 I mean, there's all kinds of things that Mexico does to support illegals here, to support their diaspora community here.

01:12:43.000 They're becoming like a diaspora community or ampersands.

01:12:46.000 And so, there's all kinds of ways that all kinds of countries influence our politics.

01:12:51.000 Jews are very successful and very powerful at it, probably the most effective.

01:12:55.000 But 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. 0.99

01:13:02.000 So, 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.

01:13:10.000 Where's the logic in that? 0.97

01:13:11.000 Where's the logic in that?

01:13:13.000 Drove the Croat says, Nick fills us in on anti abortion bill just passed.

01:13:18.000 Signed in Louisiana, we need Christ pills with the bad abortion news of late.

01:13:22.000 Also, gardening slash farming is a time honored manly tradition from Publius, father of Rome, to George Washington.

01:13:29.000 Time honored.

01:13:30.000 I never said it was bad for men.

01:13:32.000 I just think that, you know, traditionally, it's in America at least, it's, I think it'd go either way.

01:13:39.000 But it's nice to have the aesthetic of like a woman in a garden, in my opinion.

01:13:42.000 But men can garden as well.

01:13:43.000 I think man being connected with the soil is always a good thing. 0.97

01:13:47.000 But 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. 0.98

01:13:55.000 And yeah, sure. 0.95

01:13:56.000 So you could have your Christ pill, your white pill.

01:13:59.000 The trick is, of course, we need this at a national level.

01:14:02.000 We need this at the federal level.

01:14:04.000 We need to get Roe v. Wade overturned.

01:14:05.000 But that is a small victory and a big white pill.

01:14:08.000 And hey, we'll take small victories too, right?

01:14:11.000 We'll look at our super chats.

01:14:12.000 Let me just take a quick swig here.

01:14:19.000 Oh, here we go. 1.00

01:14:21.000 Pagans in the super chats.

01:14:22.000 Epic.

01:14:25.000 Simon Skola says, Will Patrick Little win the primary on June 5th?

01:14:28.000 I don't think so, no.

01:14:30.000 Simon Skola, did you see Candace Owens on Joe Rogan today?

01:14:33.000 I know she was on there, but I didn't see it.

01:14:36.000 I didn't watch it.

01:14:37.000 I may have to watch it later. 0.95

01:14:39.000 Travis Hahn, Christianity came from the desert, brings with the desert. 0.99

01:14:43.000 You're going to hell.

01:14:45.000 A Tone with the Dust says, read Geography of Nowhere by James Kunstler. 0.74

01:14:50.000 I will check that out.

01:14:52.000 Simon Skola says, you should get a bowl cut.

01:14:54.000 It would be a Chad move. 0.97

01:14:55.000 It would be a ridiculous move, and I would be ridiculed for it. 0.91

01:14:59.000 Jumpin' Jack Flash, an urban individual stole my TV. 0.95

01:15:02.000 Skeet, skeet, Nibba.

01:15:04.000 Interesting.

01:15:04.000 An urban individual.

01:15:05.000 So I'm sure you're talking about a Puerto Rican. 0.96

01:15:08.000 Jumpin' Jack Flash, this equals 92. 0.93

01:15:11.000 What is that?

01:15:12.000 That's a lot of, so he's saying this is a lot of Zimbabwean money.

01:15:15.000 That's the problem sometimes when you get away from central banking and also the converse can be problems.

01:15:22.000 Blanked funds, union strong supports U.S. labor.

01:15:26.000 True. 0.88

01:15:27.000 Third guy, forget MAGA, let's go full FUBU. 0.97

01:15:30.000 For us, buy us.

01:15:32.000 I like that. 0.75

01:15:33.000 For Americans, buy Americans. 0.99

01:15:34.000 Buy American, hire Americans. 0.98

01:15:36.000 What would that be? 0.92

01:15:36.000 Baja, buy American, hire American. 0.92

01:15:38.000 I like that. 0.99

01:15:41.000 True.

01:15:42.000 Sin526 says, Take some shekels and keep it up, Nick. 0.97

01:15:45.000 Thank you, big guy.

01:15:47.000 Jumpin' Jack Flash, you look like a wood elf from the Elder Scrolls. 1.00

01:15:51.000 Well, I've never played the Elder Scrolls because I'm not a retarded nerd. 1.00

01:15:55.000 So that's a massive cell phone on your part, big guy. 1.00

01:15:59.000 I play Chad games like Fortnite and Minecraft, not gay fantasy LARPer games. 0.93

01:16:04.000 I play the Elder Scrolls. 1.00

01:16:06.000 You play gay sex. 1.00

01:16:08.000 And the web, you started talking about them and the stream went down. 1.00

01:16:12.000 It always happens, right? 0.75

01:16:14.000 It's the Mossad.

01:16:16.000 Recovery Anonymous read Lord of the Rings, not Siege.

01:16:19.000 You know, I've never read Lord of the Rings.

01:16:20.000 I got to do that, I guess, because I just countersignaled fantasy. 0.96

01:16:23.000 But Tolkien was a great Catholic, so I will put that aside for a good Catholic.

01:16:29.000 Northeast Nationalism, Nick, thoughts on teaching natural order in schools? 0.94

01:16:33.000 Also, text to speech, E.

01:16:36.000 I don't know what you mean by the text to speech thing, but yeah, I mean, we should be teaching that in schools.

01:16:40.000 We should be teaching Christianity, specifically Catholicism in the schools.

01:16:44.000 You should get enrolled in a Catholic school.

01:16:47.000 But if you can't afford that, there should be public education that is. 1.00

01:16:50.000 Christian. 0.99

01:16:51.000 We've surpassed the point where we can afford to be, the government cannot endorse a specific culture, a specific religion. 0.77

01:16:58.000 That was okay when everyone was of the same religion or, you know, Christianity more broadly. 0.96

01:17:04.000 But when now you have secularism, atheism, Muslims, all this kind of stuff creeping in, you have to adapt for the time.

01:17:13.000 So it's, I know it's in our tradition that we didn't have it legally, but it's culturally always been a part of us. 0.99

01:17:20.000 So we have to get God back into the schools, have to get a moral education back into the schools.

01:17:25.000 That starts with getting local people into the schools, and then you'll see that happen.

01:17:29.000 And people will determine the course of their own communities.

01:17:32.000 A fistful of shekels says Rome is the fifth kingdom of Daniel. 0.98

01:17:36.000 True.

01:17:37.000 There you go.

01:17:38.000 Travis Hund, Varg, a European pagan traditionalist, has seven blonde hair, blue eyed kids.

01:17:44.000 How many do you have, Catholic lover?

01:17:47.000 As I said, and I, you know, pagans have trouble hearing. 1.00

01:17:50.000 Pagans have very, they have a lot of trouble with listening to arguments, and that's why they're so stupid all the time. 0.99

01:17:57.000 But I said there are exceptions to that rule, but what you find with paganism, as you know, is homosexuality, degeneracy. 1.00

01:18:04.000 Maybe you endorse homosexuality too. 0.98

01:18:06.000 Maybe you'll take Varg and his seven kids, and you'll also take all the pederasts and homosexuals along with it. 1.00

01:18:12.000 And hey, I wish you the best of luck in your degenerate hellscape. 1.00

01:18:16.000 But me, I want to live in a traditionalist country. 1.00

01:18:19.000 I want to live in a country that doesn't have gay sex on television and doesn't have pedophilia, which has been a part of pagan history. 0.99

01:18:27.000 And people have said, I've called all pagans pedophiles. 0.99

01:18:30.000 Nothing of the sort happened.

01:18:32.000 But 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.

01:18:42.000 Of course, pederasty is when you have adult men having sex with adolescent boys in exchange for like apprenticeship and things like this. 1.00

01:18:50.000 And of course, Christianity brought a swift end to that because we believe in God and we don't believe in that satanic shit. 1.00

01:18:57.000 So 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. 1.00

01:19:04.000 You have to acknowledge that your ancestors endorsed pedophilia and engaged in it and participated in it. 0.98

01:19:09.000 So 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. 0.78

01:19:16.000 You know what we have?

01:19:17.000 The Inquisition, the Crusades, witch burnings.

01:19:21.000 I mean, epic things.

01:19:23.000 And 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.

01:19:33.000 And, you know, pederasty was a big part of it.

01:19:36.000 So.

01:19:37.000 Pagans tell me where I'm wrong with this.

01:19:40.000 Suddenly we're against pederasty.

01:19:42.000 Because it doesn't fit your narrative all of a sudden.

01:19:42.000 Why?

01:19:45.000 So, 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?

01:19:53.000 Where are the rules?

01:19:54.000 You don't have them.

01:19:55.000 You don't have them.

01:19:56.000 And your rules don't have authority.

01:19:58.000 So, and I, you know, look, I guess I'm in a de facto fast because I haven't eaten for seven hours.

01:20:05.000 I will fast and pray that you find salvation.

01:20:09.000 And I want you to achieve salvation, believe me.

01:20:11.000 I'll pray the rosary every day so that all the pagans can be brought to the shining light of God.

01:20:17.000 But until that point, we have to fight viciously against the pagans. 0.88

01:20:21.000 And look, whether we win or we don't win, we will triumph in the kingdom of God and you will burn in hell forever. 0.96

01:20:29.000 So, pagans, I hope you enjoy wailing and gnashing teeth because you're going to have a lot of it forever. 0.97

01:20:36.000 So, I'm glad you're smug.

01:20:39.000 I'm glad you're going to. 0.95

01:20:40.000 Call 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. 0.58

01:20:50.000 But hey, we're all entitled to our opinion.

01:20:53.000 We've got Richard Cranium.

01:20:56.000 What's your opinion on Jesuits?

01:21:00.000 It's tough.

01:21:03.000 I don't want to be divisive within the Christian community, but Jesuits are not totally on board with Catholicism.

01:21:09.000 We know that Jesuits.

01:21:11.000 Have preached a very liberal political tradition for a long time. 0.98

01:21:14.000 They'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.

01:21:23.000 They 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. 1.00

01:21:31.000 Al Sabadi says, Globo homos unite. 1.00

01:21:33.000 Pagans are a part of that. 1.00

01:21:35.000 Jumping Jack Flash.

01:21:36.000 Hey, Nick, what's going on with the paywall?

01:21:37.000 Haha, very funny.

01:21:39.000 Hilarious. 1.00

01:21:40.000 Al Sabadi's, Globo homo or muzzy theocrat. 1.00

01:21:44.000 Pick one, goy. 1.00

01:21:46.000 Oy vey, pick one guy.

01:21:47.000 You know, it's so cringy when people do the.

01:21:50.000 I hope you're doing that ironically.

01:21:51.000 It 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?

01:21:59.000 Pick one guy.

01:22:00.000 Only Tommy Robinson has free tribal speech. 0.98

01:22:02.000 Yeah, exactly, right?

01:22:04.000 Tommy Robinson, who counter signals Charlottesville and all that.

01:22:08.000 I guess there's reasons for it, but it's, you know, it still irks me a little bit. 1.00

01:22:12.000 Simon Skull, a quote, you play gay sex. 0.99

01:22:15.000 Well, yeah. 1.00

01:22:15.000 Nick Fuentes. 1.00

01:22:18.000 Show me where I'm wrong with the pederasts.

01:22:20.000 Recovery Anonymous.

01:22:22.000 Start a series on talking about books of the Bible.

01:22:25.000 I'm not an expert on the Bible.

01:22:26.000 I'm not.

01:22:27.000 I 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.

01:22:34.000 So it's weird because I come on to talk about what I know about, which is politics, and I'm so good at it.

01:22:41.000 And people are like, tell us about something that you're a part of, but you really just have a layman's understanding of.

01:22:46.000 And 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.

01:22:59.000 No division.

01:23:00.000 Come on, Nick's show and insult his religion. 1.00

01:23:02.000 Pick one. 1.00

01:23:03.000 Pick one.

01:23:05.000 But I'm happy to defend Catholicism, but it's like if you don't, you know.

01:23:08.000 But maybe I'll talk about the Bible.

01:23:10.000 Who knows? 0.58

01:23:11.000 Simon Skull, witch burnings were the original thought patrol. 1.00

01:23:14.000 True. 1.00

01:23:15.000 True. 0.99

01:23:15.000 Witches are real. 0.99

01:23:16.000 Demons are real.

01:23:18.000 Angels are real.

01:23:20.000 I believe in it.

01:23:22.000 And it looks like that's all we got.

01:23:24.000 Thank God.

01:23:26.000 I could finally get something in my belly.

01:23:29.000 Northeast National says, Oy vey, my Jews. 0.71

01:23:32.000 Yeah, right? 0.97

01:23:33.000 And I'm not saying don't talk about Jewish power.

01:23:35.000 You know, people are going to be in the comments, Nick is countersignaling, you know, talking about he's being self censoring.

01:23:42.000 Like, no, of course not. 0.54

01:23:47.000 Of course, we talk about Jewish power all the time on the show.

01:23:51.000 And it's real, you're not even anti Semitic for talking about that.

01:23:54.000 Laura Loomer came on the show and talked about that.

01:23:56.000 She's Jewish. 0.92

01:23:58.000 Even Jews acknowledge there's Jewish power and there's the Holocaust industry and all the rest. 0.71

01:24:02.000 But 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. 0.90

01:24:12.000 So I'm not saying don't, of course, talk away about it.

01:24:15.000 It's a very important issue and one that's, you know, look, they control a lot of things in the country. 0.89

01:24:21.000 It 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. 0.85

01:24:31.000 That's quite the hell to die on, right?

01:24:33.000 But that's going to do it for us tonight.

01:24:35.000 I'm hungry!

01:24:37.000 And.

01:24:39.000 That's all the super chats and stream labs.

01:24:41.000 So we're going to call it a night.

01:24:43.000 Subscribe to the channel if you want more epic pagan hating content.

01:24:47.000 Give us a big thumbs up.

01:24:48.000 Leave a comment below.

01:24:49.000 Don't be nasty.

01:24:50.000 I will delete it.

01:24:51.000 Every day I say, don't leave a nasty comment.

01:24:54.000 I'll delete it.

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America First - Nicholas J. Fuentes - May 31, 2018

Free Trade Doesn't Work | America First Ep. 175

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