It's a Friday, which means it's a casual Friday show! We'll be talking about the yield curve inverting a few days ago and what that means for the economy, the 2020 election, and much more. Plus, we'll have a special guest on the Friday show to talk about the impending global financial collapse and what it means for our economy and our economy's future. You won't want to miss it! It's a low-key, casual show where we talk about all things economic, political, and pop culture. Enjoy! -Nick J. Fuentes and Betsy Grigoriadis Subscribe to America First on iTunes and leave us a rating and review on Apple Podcasts and other podcasting platforms. Thanks for listening and share the podcast with your friends and family! If you like what you hear, please HIT SUBSCRIBE and tell a friend about this podcast and/or share it on your social media accounts. We'll see you next Friday with our next featured story! Timestamps: 1:00:00 - What's the worst thing you've ever heard me say on a podcast? 4:30 - I've never heard of Bigfoot 6:15 - The Boomer Generation 8:00 9:40 - I'm sorry, I just can't do it. 11:00 | I can t do it 12:30 | I'm not interested. 13: What are you interested? 15:20 - Who's the boomer generation? 16:40 | What's that's that? 17: What do you want? 18:30 19:00? 21:40 22:10 | I don't think people care about the economy? 23:00 // 22:00 Is the economy going to be a disaster? 25:00 Do you care about this? 26:00 Can you care? 27:00 What would you like a little bit more? 30:00 Are you interested in it? 31:30 Is it a recession 2020? 32: Is it possible? 33:00 Does the economy a recession coming soon? 35:00 Or do you think it's going to get better? 36:00 Should I get a raise? 37:00 The economy have a recession? 39:00 I don t think so?
Transcript
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00:19:12.000So what we are going to be talking about is that the yield curve was inverted a couple of days ago and that is one signal that there is a recession possibly down the road.
00:19:24.000So, you know, we'll see if that turns out into anything.
00:19:27.000I'll read you some of the details about what happened in the financial markets this week and what that means for the economy, what that means for the political scene.
00:19:36.000Obviously we've got the 2020 election coming up, so that'll be our featured story.
00:19:41.000For some reason people have been like haranguing me about this.
00:19:44.000I got people in the comments on Twitter, so uh, gonna be talking about the recession tonight?
00:19:49.000I didn't think people cared that much.
00:19:51.000I don't think people... I mean, I get it.
00:19:53.000It's the economy and, you know, maybe people are invested in the economy and how things are going in the economy.
00:20:37.000But I said, you know, I could sort of understand two schools of thought.
00:20:40.000Of course, Rashida Tlaib and Ilhan Omar.
00:20:43.000These were the two freshman congresswomen who were banned from visiting Israel yesterday because they've supported BDS in the past.
00:20:52.000And my take last night was, you know, look, on the one hand Israel has the prerogative to keep people out of their country if they're opposed to the existence of their country or a threat to their country in some political capacity.
00:21:04.000You know, they're supporting BDS, which is obviously hostile to the interests of the current regime in Israel.
00:21:11.000But I also said, on the other hand, Israel gets so much money from America.
00:21:15.000Are they really in a position where we should say it's acceptable for them to turn down official government representatives from visiting their country?
00:23:00.000I think they're both kind of obnoxious at this point.
00:23:02.000You know, both sort of overstaying their welcome, right?
00:23:06.000So we'll talk about that, and I think that should take us to the end there.
00:23:09.000We'll also talk a little bit about Prager University.
00:23:12.000I don't know if you've seen this, but Prager University is off the goop
00:23:16.000These last 24 hours, if you go on their Twitter account, and we're going to read every single tweet like this, there's like 25 tweets in the last 24 hours about Israel.
00:23:28.000And we're going to read every last one of them to give you an impression of just how bad it is when I talk about Jewish media, when I talk about Zionist, Ziocon media, and people don't believe me, and people don't know what I'm talking about.
00:25:45.000So, you know, I'm being schlepped around, like, in D.C.
00:25:48.000last time, or, you know, I'm in Montana or whatever, and it's always, like, slightly inconvenient that I can't go to bars with my older friends.
00:27:14.000You know, I rant and rave on this show, and maybe some people think I'm crazy, maybe some people think I'm a little over the top or a little much or something, but you see this kind of stuff every day.
00:27:25.000Just like what I was talking about yesterday with the drag queen and the Mercedes commercial, it's these little things.
00:28:07.000You don't want to see people shooting cops in your neighborhood.
00:28:10.000Well to add insult to injury, to make it just that much better, if you don't believe me when I say things about, you know, the Democrats or the cities, I'm watching videos in the aftermath of
00:28:20.000You know, they apprehend the suspect and they're sort of cleaning up the crime scene.
00:28:24.000And you see a crowd of people gathered around the police throwing stuff at them, jostling them, pushing them, shoving them, swearing at them, yelling at them.
00:28:34.000You see all these young thugs getting up in their face, trying to act all tough.
00:28:39.000And of course, you know, who are we talking about here in this neighborhood?
00:29:11.000Have you ever seen, frankly, even like Asians?
00:29:13.000I don't even think I've seen Hispanics act in this manner, right?
00:29:17.000I mean, I don't know, maybe I haven't seen enough scenes like this.
00:29:20.000I've obviously grown up in a somewhat sheltered place, but I just see, and I see this all the time, and I think, does nobody think this is unacceptable in America?
00:29:31.000And by the way, you know, people talk about multiracialism in our country with terms like assimilation and culture.
00:29:39.000They say, you know, as long as we have millions of immigrants coming from Guatemala and Nicaragua, well, that doesn't matter so much if the country is majority non-white, so long as they're assimilating into the culture.
00:31:25.000They're planning a protest in that neighborhood in Philadelphia to protest the police arresting this drug guy who shot six police officers.
00:32:19.000I see lots of scenes like this all over the country.
00:32:23.000I don't think this Democrat policy stuff explains it away, honestly.
00:32:27.000And, you know, we're doing ourselves a real disservice if this is the kind of logic we apply to mass immigration, that it's just a matter of culture, right?
00:32:35.000What do you think is going to happen if we take these people from one continent and put them here, and 300 years later, Detroit, Haiti, Sub-Saharan Africa, what makes you think you bring a Nicaraguan here and it's not going to look like Nicaragua?
00:33:13.000We're gonna move on, we're gonna move on.
00:33:15.000It's just like we're at the point where everything I say is gonna get me in trouble.
00:33:18.000It used to be like, you know, we're gonna be a little subtle, we're gonna be implicit about things and, you know, maybe we have one heated gamer moment a week where we talk about Israel, we talk about race or something.
00:33:29.000And now I just feel like the whole show from start to finish is just like from out of the frying pan and into the fire, you know?
00:33:36.000Well enough about Philadelphia, now let's talk about Israel, right?
00:33:51.000It says, Representative Rashida Tlaib, a Michigan Democrat and the daughter of Palestinian immigrants, said Friday that she had decided to cancel her visit to her grandmother in the West Bank after Israel announced that it had granted her permission.
00:34:06.000She said, quote, I have decided that visiting my grandmother under these oppressive conditions stands against everything I believe in, fighting against racism, oppression, and injustice.
00:34:16.000Her office later issued a statement adding that Tlaib had planned to pick from fig trees with her grandmother and discuss Israel's policies with Palestinians and Israelis.
00:34:27.000Quote, the Israeli government used my love and desire to see my grandmother to silence me and made my ability to do so contingent upon my signing a letter reflecting just how undemocratic and afraid they are of the truth my trip would reveal about what is happening in the state of Israel and to Palestinians living under occupation with US support.
00:34:47.000This is what she said in her statement.
00:34:49.000And so, you know, if you remember from last night, the story was this.
00:34:53.000She and Ilhan Omar were supposed to visit East Jerusalem and the West Bank, which really isn't even Israel.
00:35:01.000So, you know, even though the Jewish government controls the whole territory, you know, the Gaza Strip, Israel, the West Bank, the whole thing, you know, technically they say they were going to Israel.
00:35:37.000And I said yesterday, you know, like I said at the top of the show, I was willing to sort of see their side of the argument that, well, on the one hand, yeah, like they oppose Israel, and Israel has every prerogative to keep enemies of their country out of their country.
00:35:52.000I wish we did things like that, right?
00:35:54.000But on the other hand, they get all this aid from America, why should we let them bar our representatives from coming?
00:36:00.000You know, if Congress is appropriating all this money, all this foreign aid and military aid to go to Israel,
00:36:06.000Who is Israel to say which Congress people can and cannot visit Palestine or Israel?
00:36:57.000I see this a lot in dissident right circles.
00:37:00.000People say, the logic goes implicitly, the enemy of my enemy is my friend.
00:37:06.000And not to say that Israel's necessarily our enemy, but obviously there's some big problems with our relationship with Israel.
00:37:12.000And so a lot of people on the dissident right will be so driven away from what's happening with the Zionist government, that they say, we have to support the Palestinians.
00:37:20.000You know, like Ryan Dawson's a perfect example of this.
00:38:35.000You know, I think that really says a lot about where we are in America, that it seems like
00:38:41.000On the Republican side and the Democrat side, we have to pick something other than what we know is right, which is let's just be a Christian nation.
00:39:01.000You have to believe they're the 51st state and the most important one, and you have to shill for them and the aid and the wars and their existence and the media and all that.
00:39:10.000And on the left, increasingly, you have to be in favor of Palestine, and you have to be in favor of Iran, and all these other countries.
00:39:16.000Certainly there's a Jewish component on the left too, but it's not exactly Zionist.
00:39:21.000So I see where we are in the country, and it's like, what if we just reaffirmed what we know is the right course?
00:39:26.000I mean, our country was not founded as Jewish or Muslim.
00:39:29.000I'm not even sure why we're so concerned about Jews and Muslims.
00:39:33.000We wouldn't have any problems if we were only concerned about Christians, you know?
00:39:37.000You haven't had an internecine conflict between Christians in a major way in hundreds of years.
00:39:42.000And sure, there was some anti-Catholic stuff going on in America maybe 150 years ago, but largely that's been resolved.
00:39:49.000You know, it all goes back to if we were simply minding our own business and taking care of our own people, we wouldn't have to worry about any of these headaches, you know?
00:39:58.000It's really a sad day in America when...
00:40:01.000The big scandal, all the attention, especially given the news cycle this last week, you know, Jeffrey Epstein and all that.
00:40:08.000The biggest international scandal is Muslims and Jews, you know, Palestinians and Zionists.
00:41:33.000You know, if you know anything about geopolitics, if you know anything about foreign affairs, I get a lot of Zionists in my mentions saying, oh, you don't support our alliance with Israel, you just don't understand geopolitics.
00:41:47.000If you know anything about the Middle East, the reason we care about the Middle East is because of the oil, but the oil is in the Persian Gulf.
00:41:54.000The Persian Gulf is between Saudi Arabia and Iran.
00:41:58.000It's in a totally different part of the Middle East than Israel and Palestine.
00:42:02.000Israel and Palestine is part of the Eastern Mediterranean region.
00:42:05.000They're part of what's called the Levant, historically.
00:42:08.000There is no strategic significance to the Levant.
00:42:12.000There is no strategic significance to the Eastern Mediterranean.
00:42:16.000The two areas that really matter in the Middle East, in an objective, strategic sense, is the Persian Gulf and, you could argue, the Sinai, right?
00:42:25.000Like the, you know, where Egypt is, the Suez Canal, because of global trade.
00:42:30.000But that's really it, as far as, you know, geo-strategic importance goes.
00:42:34.000When you think in terms of foreign affairs and you're thinking in terms of
00:42:38.000Commodities and energy and global commerce and navigation routes, you know, shipping routes and things like that.
00:42:44.000These are the two bodies of water that matter.
00:43:08.000Because again, if you know anything about geopolitics, you know this region doesn't matter at all.
00:43:13.000Even if we solve the Israel-Palestine thing tomorrow, it's not like we gain anything significant from that in terms of our hegemony in the Middle East, right?
00:43:43.000How are anti-Israel notions entwined with anti-Semitism?
00:43:47.000Charlie Kirk and Dennis Prager discuss this relationship in our fireside chat.
00:43:53.000I'm not going to post it for you because these are all videos, but it's about a three minute video where Charlie Kirk and Dennis Prager explain how you can't be against Israel and not be anti-Semitic.
00:44:03.000Everybody who's against Israel is an anti-Semite.
00:44:06.000The account tweeted out, Israel has given the world so much democracy, religious tolerance, free press, independent judiciary, valuable trade, technological innovation, leadership against terrorism, and more.
00:45:54.000In Israel, Arabs have the same rights as Jews, ride the same buses, study in the same schools, are treated in the same hospitals, are elected to parliament, serve as judges, fight in the military.
00:47:32.000And in spite of the fact that they've got this like Muslim lettering and an obviously like Arab Muslim name, Al Jazeera, they do a lot of news and reporting that is like liberal.
00:47:42.000It's just like about domestic politics, but with like a slightly liberal spin.
00:47:46.000And sometimes they throw in their stuff about Palestinians.
00:47:48.000You know, sometimes they throw in stuff about Qatar or about Iran or things like this, right?
00:47:53.000And so to me, it's fascinating that a lot of people look at something like Al Jazeera and say, oh, that's obviously a foreign media outlet.
00:48:46.000I look at Prager University as no different than Al Jazeera, no different than Russia Today, no different than the biggest Chinese state media companies.
00:48:54.000It might as well be because the goal is obvious.
00:48:57.000Everything else besides the Israel stuff is filler.
00:49:48.000Do you think Ben Shapiro and Dennis Prager in Prager University, do you think these guys are really all about American conservatism?
00:49:56.000Or is probably the 40 or 50 percent of their content that is about taxes and the Ten Commandments and all this merely a front, merely bait, so that people get sucked in and then they hear all the stuff about why they should oppose BDS and the enemies of Israel are hateful and must be crushed into the ground and all the rest?
00:50:16.000You know, so to me I see this whole conversation and nobody is really in there talking about it from this perspective, you know, and it's really I think a sad state of affairs that
00:50:27.000It has been so present in the American political dialectic for the past year or so.
00:50:33.000You know, we've got Ilhan Omar saying all about the Benjamins and, you know, the embassy move and all this kind of stuff.
00:50:39.000And you would think with this big conversation, somebody would be out there saying, hey, what's the deal with these Zionists?
00:50:45.000Or, hey, what's the deal with these other people?
00:50:49.000But I don't see any mainstream MAGA person, not even really Tucker Carlson, sorry to say, who's pointing this out and saying, why do we have to support any of these people, you know?
00:50:59.000Why can't we recognize they're all foreign hostile interests and maybe especially and particularly Israel has to be called out because nobody ever talks about what they're doing, right?
00:51:08.000So I hear this conversation about Rashida Tlaib and it's just so annoying because everybody's missing the point.
00:51:14.000I see these MAGA people and the Democrats just talking right past each other.
00:51:19.000You know, the MAGA people are saying, they're anti-Jewish, the Democrats are anti-Semitic.
00:51:24.000And they think they're getting, like, political points because they've accused the left of being bigoted.
00:51:29.000You know, they get to feel good and say, oh, we're not the racists for once, the Democrats are anti-Jewish, the Democrats are anti-Semitic, you know?
00:51:37.000What a victory, wow, what a huge win for America, right?
00:51:41.000And the Democrats are saying, oh, you know, Israel is an extension of white supremacy and all this kind of stuff.
00:51:57.000You know, I see this stuff and it's just out of control.
00:52:00.000I couldn't believe my eyes because I'm seeing all this stuff on my timeline.
00:52:05.000From PragerU, the Israel stuff, and I'm thinking, oh, this must be, like, somebody's just putting this on my timeline, somebody's retweeting it, and it's all the Israel stuff from, like, the last three months, you know?
00:52:17.000Because I see, like, all these different tweets and variations on the same theme.
00:52:21.000It's like, you know, BDS stuff, or apartheid state, or, you know, not supporting Israel's anti-semitic, but they're all, like, variations.
00:52:29.000Like, in other words, I'm seeing 13 distinct tweets, and I'm thinking, somebody must be putting these on from days ago, and I look at the, it's like,
00:52:35.000Five hours ago, six hours ago, eighteen hours ago, in the same day, thirteen tweets all saying we need to bow down and support this other country.
00:52:45.000Does nobody see anything wrong with that?
00:52:47.000Even if you think Israel gives us a strategic benefit, I don't think they do.
00:52:52.000But even if you are one of these people who hasn't bought into it just yet, you know, don't you think that's at the very least conspicuous that that's going on?
00:53:00.000And what the ethnic category of these people are who's supporting that, Shapiro and Prager?
00:53:52.000The yield curve has now definitely inverted, meaning that one of the most reliable signals of an impending recession is now flashing warning signs.
00:54:01.000For a while, the inversion was only partial.
00:54:03.000Some spreads between long-term and short-term bond yields fell below zero, but the spread between 10-year and 2-year Treasury bonds remained positive.
00:54:12.000That, too, dipped briefly into negative territory.
00:54:15.000Of course an inverted yield curve means that investors expect interest rates to fall which typically happens in a contraction or a recession.
00:54:24.000It tends to take a while though 12 to 18 months.
00:54:27.000That rule of thumb could mean a recession anywhere between March 2020 and February 2021.
00:54:33.000And it's even possible that the yield curve could be giving a false signal.
00:54:36.000So although the yield curve inversion is in good news, it's no cause for panic.
00:54:49.000Two or three days ago, you know when people are talking about recession and the Dow Jones I think plunged 800 points the fourth largest drop in history S&P was down in a huge way You know and when people are talking about recession a few days ago.
00:55:03.000This is what they were talking about It's this yield curve that inverted And that I think happened for the first time since the last recession and if you look at any graph of the yield curve here You'll find that before every major economic contraction you find this pattern that it's
00:55:40.000Right before the 1990s recession, this happens.
00:55:44.000And so, to me, I look at that and it seems to line up with a lot of these other indicators, probably predominantly being the one that we haven't had a recession in like 11 years, right?
00:55:54.000It's been 11 years since the 2008 recession.
00:56:27.000And so they're saying that on the one hand this does tend to preface a recession.
00:56:32.000It tends to be about 12 to 18 months before the recession occurs.
00:56:35.000So that means early 2020 or early 2021 would be the window we're looking at.
00:56:40.000But they also say it could just be a totally false signal and maybe there won't be a recession.
00:56:45.000But you know I read that part of it and I think to myself, do these people think there's never going to be a recession ever again?
00:56:50.000We're going to make it to February 2021
00:56:53.000and not have a recession 13 years of uninterrupted economic growth and look they can keep cutting interest rates you know they could keep expanding credit and opening it up and you know flooding the zone with cheap credit uh but there's only so much you can do before eventually a lot of these bubbles start to burst additionally what they're talking about i'm talking about like the real estate bubble college loan bubble i mean like everything in the economy is a bubble
00:57:18.000Because we've had near zero interest rates for 10 years, right?
00:57:22.000But they're also talking about maybe there could be a recession in America or a global recession triggered by other countries.
00:57:29.000They're saying that maybe we're not even supposed to be looking at America so much.
00:57:33.000It's obviously a very precarious situation, but something may set off the economy in another country like, for example, in China or Germany.
00:57:41.000Because although things are going okay in America, right?
00:57:44.000Like they say, the jobless claims are looking good.
00:57:47.000You know, all these other indicators are looking good.
00:57:49.000But if you look in Germany, manufacturing is shrinking.
00:57:52.000If you look in China, the economy is obviously suffering because of the trade war.
00:57:56.000They're saying that something from outside of America could trigger an economic recession globally, and that could be what sets it off in America and gets us in.
00:58:05.000Now, where we're concerned about this is not totally from an economic perspective.
00:58:09.000You know, I don't put too much stock in economists.
00:58:12.000If economists could predict recessions, they'd be millionaires, right?
00:58:16.000If economists could accurately forecast with a high degree of certainty where the economy is going, they could bet money and then they could become millionaires, right?
00:58:26.000Or if people really knew what they were doing, you know, maybe some speculators have a good idea, but
00:58:31.000I feel like, generally speaking, nobody knows it's going to go sour until it does.
00:58:35.000And, you know, maybe some people get lucky, maybe some people do predict it.
00:58:38.000You know, like the big short film in 2008, right?
00:58:41.000But generally speaking, I feel like nobody really has a high degree of certainty about the economy.
00:58:47.000I think what we can know for sure is that there will be recession, probably, in the next two years.
00:58:54.000I would say that's probably a good guess, right?
00:58:57.000I would say that in the short term, we could expect an economic contraction, just based on the fact that we haven't had one since 2008.
00:59:04.000Based on the fact that, again, you've got this trade war with China, which is making the economy very volatile.
00:59:09.000You know, you have these huge dips in the Dow whenever a new sanction goes into effect, you know, or rather a new tariff goes into effect.
00:59:17.000So I'm going to say that we could probably reliably say, without much economic background knowledge, that we're going to get a recession in the short term.
00:59:25.000Obviously, the implication is, if the timing is very short term, this is going to have profound consequences for the Trump re-election.
00:59:32.000How do we analyze this in terms of politics?
00:59:35.000How do we look at this in the context of the presidential election?
00:59:41.000I say this every time when we talk about the 2020 election, the general election and not the primary.
00:59:47.000People have it in their heads that Donald Trump won a landslide victory because on a technical level he did win in a landslide.
00:59:54.000The technical definition of a landslide electoral college victory is that you win more than 300 electoral college votes and I think he won 306.
01:00:01.000He ended up getting 304 because of something with the electors.
01:00:06.000So on a very technical level he won a landslide victory, right?
01:00:11.000He won Pennsylvania, Michigan, Wisconsin, Florida, all the battleground states save New Hampshire, Nevada, and Colorado.
01:00:20.000Now that said, we look at the margin of victory in the states that he absolutely needed to push him over 270.
01:00:27.000For example, Pennsylvania, Michigan, Florida.
01:00:30.000We're talking about a few thousand votes across a few states that won him the election.
01:00:51.000Or you could see a scenario where maybe turnout for Republicans is depressed in Michigan.
01:00:57.000Maybe for whatever reason, the first time voters that weren't counted in the polls that came out to vote, you know, for the first time in their lives in 2016, maybe for whatever reason they just don't feel like turning out in 2020.
01:01:09.000And so turnout is slightly lower in Michigan among white people, among a certain demographic,
01:01:14.000And you lose Michigan by 500 votes, you know?
01:01:17.000Or the same thing happens in Pennsylvania.
01:01:18.000Or maybe it happens in all these states, right?
01:01:21.000You know, we look at, for example, the 2018 midterms.
01:01:24.000It was pretty brutal, if you looked even at the Senate.
01:02:10.000Deep red, like plus 20, Republican state, and people are celebrating that as a pickup.
01:02:15.000Well we lost Montana in the Senate, we lost Arizona in the Senate, we lost Pennsylvania in the Senate, we lost Wisconsin in the Senate, we lost Michigan in the Senate, and we lost Ohio in the Senate.
01:02:26.000So people are celebrating that we barely hung on to Florida, we picked up seats in Indiana and North Dakota, but we couldn't hack it in the entire Midwest and in Montana.
01:02:36.000Obviously with the exception of Indiana and the Midwest.
01:03:24.000We repealed some parts of it, but healthcare has not been fixed, you know?
01:03:28.000The only thing we had going for us in 2018 was the economy.
01:03:32.000We passed the corporate tax cut, and it seemed like the GDP was growing, unemployment was down, the economy was generally doing good.
01:03:39.000In spite of the good economy, which everybody said, and this was the Republican playbook, that if we had a good economy we would win a bigger majority in the House and the Senate.
01:03:47.000That's what I got suckered into believing.
01:03:50.000Then we would be able to come back and do all these great things in 2020.
01:04:02.000Doesn't look like there's going to be a trade deal anytime soon with, you know, NAFTA, with China, with Europe, with any of these countries.
01:04:09.000And we don't even have a good economy.
01:05:35.000And largely I'm pessimistic about the medium term of our country is because I don't see a scenario.
01:05:42.000Where a Republican party is going to be based on nationalism, based on populism, based on white identity perhaps.
01:05:52.000I don't see any scenario where we are able to achieve political power legitimately and within the system and able to effect significant change.
01:06:42.000If circumstances radically change, for example, if there's a recession, if there's a cataclysmic war, if there's like a 9-11 like event.
01:06:51.000Now again, I'm not saying like that would be a good thing.
01:06:53.000I'm not saying like that would be a good thing.
01:06:55.000I'm not saying that people dying, obviously lots of people dying wars, recessions really put a lot of burden on, you know, working-class people.
01:07:04.000I'm not saying like that's a good thing and we're hoping for that, okay?
01:07:12.000These kinds of, what would you call them, critical junctures for a country, inflection points for the country.
01:07:19.000These are times where circumstances are changing and normal rules don't apply.
01:07:24.000These are opportunities when things are so disordered for new forces, new coalitions, new ideas to rise up and take shape.
01:07:32.000For example, in the aftermath of the 2008 recession, that's how you get Barack Obama.
01:07:37.000That's how you get Occupy Wall Street.
01:07:39.000Really, that's how you get Black Lives Matter.
01:07:41.000I mean, you think about the 2008 recession combined with the Iraq war, and this is how you get a complete paradigm shift with the first black president, this hardcore cultural leftism.
01:08:13.000You can see already political violence is increasing.
01:08:16.000You can see the rhetoric is increasing.
01:08:18.000It's a very terse, tense climate right now for politics.
01:08:23.000I think it would be bad enough as it is already, but you throw into the mix possibly an historic global recession.
01:08:30.000Whereas in 2006 you had the housing bust, 2008 you had the subprime mortgage loan crisis, now you're gonna have debt bubbles exploding all over the world, you're gonna see the student loan bubble crash, the real estate bubble crash, stock market bubbles gonna crash, China could collapse, Germany, you know, the whole European Union could have contagion again.
01:08:50.000Maybe perhaps this is an opportunity for things that were formerly not possible to become possible.
01:08:55.000I could see that in Europe, perhaps populist nationalist parties, this is their time to rise up.
01:09:01.000This is their time to declare with a sense of historical purpose, their historical moment to say the neoliberal centrist establishment, the European Union, has failed.
01:09:13.000It's bankrupt, literally and metaphorically.
01:09:16.000And we're going to go in and right these wrongs.
01:09:18.000You know, maybe that's how Marine Le Pen gets into office, right?
01:09:23.000Maybe that's how Matteo Salvini is able to win a landslide election to become the prime minister.
01:09:29.000Maybe in 2020 something could happen in America where there will be some kind of new political realignment based on the working class or maybe things pop off culturally.
01:09:45.000Nobody can really predict how these things sort themselves out, but that's when opportunities happen.
01:09:50.000So I will say that for Trump, it would be catastrophic if a recession happened before he got elected.
01:09:55.000That's why he really wants the Fed to keep cutting interest rates, keep the credit flowing,
01:10:01.000Keep this charade going of the economy, pump a little bit more in, a little bit of morphine into the system, get us just over the edge, past the election, you know when he needs that.
01:10:10.000But on the other hand, I think the timing really doesn't matter.
01:10:14.000As long as the recession is in close proximity to the election,
01:10:17.000This will create the necessary cauldron, so to speak, whether it's a few months before or a few months after, whatever the result may be, for there to be some enough destabilizing forces for, perhaps, opportunities to arise.
01:10:32.000You know, I'm not one of these accelerationists, I'm not one of these doomsday people, but we all know that this is how history works.
01:10:40.000You know, when things are sort of stable, when things are going okay, people are well-fed, there's not a lot of pain, there's not a lot of opportunities to make radical change.
01:10:49.000But, you know, these things do happen when people get hungry.
01:10:52.000These things do happen when people get angry, and it's too hot, you know, and global warming's happening, you know, and people are not in a normal state of mind.
01:12:07.000Paul says, Nick, people who post food pics are scum.
01:12:11.000Also, Nick, post pictures of McDonald's.
01:12:13.000Well, you understand, though, that I'm doing it ironically.
01:12:16.000I went off in Telegram right before the show.
01:12:19.000I said, you know, people who post pictures of food are just the utter scum of the earth.
01:12:24.000And it's somebody in particular, you know, I see this kind of stuff online where it's a very specific category of people where
01:12:33.000I'm talking about these overly manicured, like, cosmopolitan, metrosexual types.
01:12:37.000You know, these people, like, men who wear makeup, men who wear feminine clothing.
01:12:41.000Not necessarily homosexual, but often homosexual.
01:12:44.000And they're taking pictures of, like, you know, really fine dining or, you know...
01:12:48.000They're taking picture of vacations, or whatever, some kitschy thing they're doing, and that kind of stuff just makes me go crazy, because it is just, it is the epitome of indulgence, decadence, excess, gluttony, and particularly with the food.
01:13:04.000I mean, that is the worship of consumption in its rawest sense, you know?
01:13:08.000Milo, like, retweeted in his telegram my post, and he's like, food photography is sensuous and thrilling,
01:13:17.000And, you know, look, it's like we sort of have a banter on Telegram, but to think of food as sensuous and thrilling, I mean, doesn't that tell you what the problem is?
01:13:27.000Food should not be sensuous and thrilling, that there should be this eroticism, some sort of sexual thrill derived from food.
01:13:35.000I mean, again, that shows what a carnal and sick and gluttonous society we live in.
01:13:40.000And part of why I do it sometimes is to make a mockery of it.
01:13:44.000Because I'll post on my Snapchat story or I'll post on Twitter sometimes, imagine eating this good and there'll be a picture of Big Mac and fries, a couple of hamburgers or something.
01:13:55.000And this is sort of like an inversion.
01:13:57.000It's... But when I do it, it's ironic and it's funny though.
01:14:01.000It's to say, you know, all these people that are like, you know, doing filters and, oh look, I'm eating duck.
01:14:07.000You know, I'm eating some kind of crazy thing.
01:14:09.000It's like, I'm... I have... Here's seven White Castle boxes on the dashboard of my car and I'm in the parking lot and it's 3 a.m.
01:14:17.000and I've sort of arranged them in a funny way.
01:16:51.000But when you really see it, when you really see what we're talking about, seeing is believing.
01:16:56.000So we can talk about the trans, and they're pedophiles, and they're abusing kids, and all this, and whatever.
01:17:01.000But when you see actually what they're doing, and you see the animation of what is done to the genitalia, and they're pushing this on children, I mean, I think you really begin to feel the urgency of what we're talking about.
01:17:13.000Because we can talk about trans this and that, but nothing really equals, I don't think anything
01:17:20.000Matches the experience of seeing that animation of them slice open the testicles or slice open the scrotum, pull out the testicles, cut around the penis and just invert it and put things inside out and all this crazy stuff.
01:17:34.000Apologies if that's a little, that's obviously very scatological and explicit and vulgar, but until you really see with your own eyes
01:17:43.000I mean, truly the horrors of what's going on.
01:17:45.000I don't think you really comprehend it on that level.
01:17:48.000You know, it's just like with Philadelphia.
01:17:50.000We can talk about statistics and 1350 and all this, but until you really see what goes on in Baltimore and Philadelphia, I mean, you won't get it.
01:17:58.000So I am doing that sort of to troll people, but also I really do believe it.
01:21:44.000I don't think there's anything that's prepared us for this.
01:21:46.000In other words, we've evolved to fight against, you know, animals or other tribes or in warfare, things like this.
01:21:54.000I think that's very simple and straightforward for the most part, but what we're dealing with is the kind of psychological, biological warfare.
01:22:01.000It's unprecedented that this has happened, right?
01:22:04.000I mean, I guess it's happened in the history of civilizations, but it's sort of this... I don't think it presents or manifests too often.
01:22:13.000I think it's a particularly difficult thing for people to grow and get out of, you know?
01:22:19.000So it's a great challenge we have to rise to the occasion.
01:22:22.000Butter Sandwich says, I'm a lady melon and mutt and came across one of your vids and got accidentally red-pilled on Israel.
01:23:42.000You know, I haven't, I wasn't really raised on Culver's.
01:23:45.000I mean, we went there growing up, you know, I'm sure we went there a few times, but obviously McDonald's is just so everywhere, you know, so I don't know.
01:23:55.000In terms of franchises, I think you can't really compete with the size and scope of McDonald's, but Culver's, I think pound for pound, you know,
01:24:34.000You know, normally I go downstairs, you know, I get it all set up, but today I turned on my, or I, you know, I woke my computer up, it was sleeping, and everything was frozen.
01:24:45.000You know, my Google Chrome was frozen, my Streamlabs was frozen, everything was frozen, and I'm trying to like fix it, I'm freaking out, and then I just shut it down, had to restart it.
01:24:54.000You know how that goes, it takes like 10 minutes to reboot, so...
01:24:58.000I mean, yeah, normally I'm like 15 minutes late or whatever.
01:25:01.000Normally, I'm fashionably late, but it was particularly bad because I had a legitimate issue.
01:26:14.000Yeah, I reached out to The producer who was handling it and I thought it was gonna be one week and then the next week he said he's gonna do The part two was slightly offensive is gonna be posted next month.
01:29:23.000You know, you go on a website, and it tells you to put in your birthday, and you put in the day and the month, and then you have to scroll down for the year.
01:29:31.000And you know, when I was a kid, it was like, boop!
01:29:34.000You know, you click the bar, you know, the drop-down bar, 98.
01:30:18.000But thanks guts says Mongols had the best Empire Romans had gay sex Mongols were literally savages a nice cope though Asiatic cock Dupas says hey Nick.
01:32:40.000Zirconium says, your brain ain't wrinkly enough to rent a car yet.
01:32:44.000Yeah, they say 21 is when you're like legally allowed to, but until you're like 25 you have to pay a lot more money, which is gay because I love driving and I hate when I go on a trip and I don't have a car, you know.
01:32:56.000I have to do Uber or I have to walk or I have to rely on somebody or public transit.
01:33:03.000Mark to the Titan says when you get to 100,000 subs Is there any chance you would consider a knicker convention probably out of the cards, but that would be fun as hell I don't know.
01:33:43.000You know you say that now you say that now but you know one day it's like that song uh you know it's such a great song it's sort of a mom song my mom likes this song but it's such a good song it's sort of a guilty pleasure for me you know the song 100 years by five for fighting sort of a throwback sort of a i'm you know revealing my age here
01:34:03.000But that's what that song, you know, it's like, I'm 21 for a moment, and then you're 100, and then, you know, game over.
01:34:11.000And, you know, then you're 150, and you're, you know, just sort of a blob, and you don't have a mouth, and you can't scream.
01:34:20.000You're a gay blob with AIDS, and you can't scream, and then you're 200, and then you're 1,000.
01:34:24.000You know, that's what we have to look forward to.
01:34:55.000When you sign up, you should get an email to set up your account within like a couple hours and then you set it up and then you go to the website and you just click premium content and it's all there.
01:35:05.000So, but shoot me an email if you keep having problems.
01:35:09.000AW Media says, shout out to everyone who helped you.
01:35:21.000They're basically asking for the knicker brown shirts with billy clubs to go in and smash windows, metaphorically speaking, rhetorically on Twitter.
01:35:31.000And I do love, and I do love, like when I was in that battle of Matt Walsh, it was so incredible to see because not only did we ratio Matt Walsh, not only was it an embarrassing ratio,
01:35:44.000And in both ways like he had more replies than likes and I had more likes than he had likes but on top of that this was incredible to me it was like every reply in support of him there were like six replies to it you know and to me that was like a testament to the thoroughness
01:36:03.000It wasn't enough that like all my tweets got retweeted thousands of times.
01:36:08.000It wasn't enough that he was bombarded with replies.
01:36:11.000But every boomer, every Zionist, everybody that was in his replies defending him, they each had like ten replies.
01:36:19.000So it was like Matt Walsh getting bombarded, thousands of replies, and then even the few ones defending him saying like, that Nick kid is a punk.
01:38:51.000Chris W says CNN thinks I can red pill all the boys at the factory with a 45-minute Spencer video lol I do it with a 30-second world star video stay up knickers it's true it literally is uh you know just seeing what's going on is more red pilling than any of the commentary very true
01:40:26.000What do you need to look at to believe that this is going to happen?
01:40:43.000literal human garbage says 13 videos and i'm gonna read every single one of them go off king yeah well we did it studio says here's to your first moloco plus this weekend droog
01:40:56.000Okay, I don't know what that means, but thanks.
01:41:33.000My therapist says, if voting for the lesser of two evils only postpones the inevitable, is it better for chaos to unfold now or when the white population has become a minority?
01:41:44.000We tackled this argument the other day.
01:41:46.000You know, this sounds good on paper, but in practice it means you're electing Kamala Harris, and that means you're gonna take your guns.
01:41:52.000And then you won't be able to defend yourself.
01:41:54.000So you could say that now, but materially, if we have more time to prepare, networking, organizing, raising money, gathering firearms, you know, if we have more time to prepare for a worst-case scenario, that's obviously better, right?
01:42:08.000So delaying is absolutely in our best interest.
01:42:12.000I hear this a lot, you know, we just need to make the chaos happen now!
01:42:16.000You know, we're not in a situation to capitalize on anything at this point in time, so...
01:44:27.000Danger errants is when Obama's re-election is done.
01:44:29.000We will have a new world order and another great recession by 2020, says Henry Kissinger in 2012.
01:44:36.000very ominous jordan says is putting lol and super berries cringe thoughts i don't think so derrick jay says did you hear about based guatemala exiling jewish people no i did not hear about this
01:44:50.000Lowbrows says, Nick, I made an America First sign hoping to get it on TV, but some Secret Service boomer wouldn't let me take it in.
01:45:00.000They do that at all the rallies, though I've seen them shut down homemade signs before, so... I'm sure, though, if it had Black for Trump on it, you'd be just fine.
01:45:09.000InnerCityDemocrats' blood for oil theory was always cringe and never made sense.
01:45:14.000Even if Iraq had oil, destroying all infrastructure so it'd be expensive to extract and export it somehow, outweighing the tremendous cost of that war is stupid.
01:49:02.000You know, I used to play video games with my dad, and the only game he wanted to play was boring NASCAR.
01:49:06.000He wanted to play boring and cringe NASCAR 2003, and then he would not play.
01:49:11.000He would get all bent out of shape, because I was an epic gamer, and I would just turn the car around and drive it into all the other cars.
01:52:29.000I'm not gonna pretend I listen to his music very much, but I went to the Marshmallow Fortnite concert with my friends, and we turned up in Pleasant Park.
01:52:38.000But I don't really listen to that techno, you know, EDM type music.
01:53:58.000It's a certain sensibility as opposed to something quantitative.
01:54:04.000or something pertaining to intelligence it's like it's like vision it's like wisdom you know I think we're sort of caught up in this like technical expertise or you know cognition ability but it's really something different than that it's like it's like a certain degree of clarity of seeing things which I think often is tied to intelligence but sometimes that's not always the case
01:54:24.000So it's a certain quality but then again you have a lot of like so-called red pill people that are retarded too.
01:54:30.000So it's really just like there are people in the world that get it and they're either good or evil and then the vast majority of the people don't get it.
01:54:37.000And they might incidentally say the right things but I mean they don't really get it.
01:57:39.000They see that black actor and they're in an upper middle class home and they got, you know, they're married and they have five kids and they have great relationships and nobody's gangbanging or anything.
01:57:49.000And that's what people see on television.
01:57:51.000And people see Modern Family on television, but they don't see what's going on.
01:57:55.000And I have a feeling that people saw the scene with homosexuals.
01:57:59.000Sam Hyde woke me up on this when he did that comedy routine in Williamsburg when he talked about
01:58:04.000You know, some of these statistics and the origins of this stuff and AIDS and everything, you really see the disease, the drugs, I mean there's so much more to it than that, that yeah, deservedly so, perhaps more than anybody.
01:59:51.000InnerCityDemocrats says, Even your computer is a med.
01:59:54.000Sleeping when you need it to do your show.
01:59:56.000If your computer was an Angloid, it'd colonize YouTube and be number one trending.
02:00:01.000Yeah, and then it would start promoting, you know, abortion, and individualism, and liberalism, and then it would say everyone should have a constitution, and then the constitution would be about hate speech, and then they'd start genociding white people.
02:00:13.000So yeah, let's take it through to its logical conclusion.
02:00:16.000Sure, the med computer would be a little slow on the draw, but you know, it would get the job done, and it would be very pious, and funny, it'd have a great sense of humor,
02:09:08.000We play we would play model warfare 2 or battlefront 2 I Just be like here like we're starting you'd be like, okay Like how do you shoot and I just spawn kill him, you know repeatedly and he would get very frustrated But you know, I think that's fair because you know, we would play basketball and he would never let me win So I think it's actually fair, you know He would be towering over me when I was like a kid and just like, you know flinging the ball around and all this So I think it's all fair.
02:09:35.000I think it's all actually I think it all works out in the end
02:10:01.000I actually haven't seen Clockwork Orange.
02:10:15.000I know that's uh you know that's a famous one Stanley Kubrick obviously I mean I know the premise and everything but I think I rented it at one point and like fell asleep watching it but I can't say that I watched it all the way through sorry to say.
02:10:30.000Marks of the Titans says my zoomer bro sent me a picture in school of a ninth grade Aryan soldier wearing a virginity rocks shirt and not cringing.
02:11:35.000Billy says, I caught a few minutes of your DLive stream before going to sleep, then I wake up and you're still streaming, putting out more content than anyone else right now.
02:12:31.000Ian says thoughts on hopper I don't know he's a libertarian but as based as you can get being a libertarian I love that $2 916 thoughts on hopper I don't know good warrior green says is it just me or as Molly memes Twitter been extra based lately seems to be naming a lot of people yeah very based very based in red pill lately
02:13:24.000kawa says kawa the big super chat thanks so much big guy yeah kawa the big two dollar super chat thanks so much uh booper says get the new pokemon the villain team is basically antifa ironic because it takes place in the pokemon version of the uk woke children games i never really got into the pokemon i guess i'll check it out they say though that the new one the graphics suck i look at all the previews and everyone's always nagging the graphics are like this looks like the last generation this looks like we
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