00:00:39.000And first, before we get into any of that, we got to talk about Angela Merkel, the chancellor of Germany, who finally admitted the existence of no go zones, which we talked pretty extensively yesterday about the immigration crisis in Europe, about the migrant crisis in Europe, and why it is a crisis, unlike other forms of immigration, maybe in the past, is because you have this clash between Muslims and Europeans, between Arabs and Africans and Europeans.
00:01:10.000You have this distinction between these two peoples that breeds conflict.
00:01:14.000When their values and customs and mannerisms overlap, then they fight each other.
00:01:18.000And there was no better example of this for the past how many years?
00:01:22.000The term was employed the no go zone, where you had entire neighborhoods which were majority Muslim after waves and waves of immigration from the Middle East and North Africa.
00:01:32.000And in these communities, you can't have police, you can't have firefighters, pedestrians, tourists can't go there because if they do, they get.
00:01:41.000Ushered out, and you know, maybe more violently than ushered, they get forced out in many cases by gangs or by local leaders there.
00:01:49.000And for the longest time, nobody wanted to talk about that.
00:01:51.000But I guess because the German elections are coming up a little bit later, Angela Merkel suddenly says they're real.
00:03:07.000But with that said, we have to get into it.
00:03:10.000The first thing we have to talk about to go into a little bit more detail about Angela Merkel and the no go zones.
00:03:16.000This is essentially a vindication of what we said yesterday about Italy and what's going on in Europe and broadly around the world.
00:03:23.000And I don't want to spend too much time on it because it is basically a rehashing of what we said yesterday, but it's worth mentioning because it does vindicate all the concerns, the anxieties that the so called far right, and I don't think they are far right, you know, you want to keep your country, you want your people to remain the same, you want to preserve the order of things, and they call you a far right, a far right extremist, a far right radical.
00:03:50.000The so called far right, who everybody says they're, oh, they're angry, they're neo fascist, everybody's scared of them in the upcoming Italian elections.
00:03:58.000Well, this is kind of a vindication of all those fears, all those anxieties, all those concerns.
00:04:03.000That even the German chancellor, you know, the head of the German country, which is seen as the leader de facto of the European Union, finally admitting something which has been denied for many years.
00:04:14.000I remember in high school when I would make these arguments, you could go back many years, I think five or six or seven years.
00:04:21.000And you heard all this talk about the 453 no go zones throughout Europe.
00:04:26.000And they're in Sweden, they're in Germany, they're all over the place.
00:04:29.000And these are the Muslim ghettos where the police go in there to chase down somebody for a traffic ticket or they chase down somebody because they stole something or, you know, for whatever reason.
00:04:40.000You would get some kind of public service in that town.
00:04:43.000And within seconds, within minutes, you would hear all the people of the community coming out and chasing out police officers, chasing out firefighters, chasing out people that weren't Muslim, that didn't.
00:04:54.000That weren't familiar to the neighborhood.
00:04:57.000And this was a common talking point on Fox.
00:04:59.000This was talked about on Gatestone Institute.
00:05:01.000This was no secret that the people committing the crimes in these countries were the Muslim immigrants, were these Arabs and North Africans, and they did occupy these cities and occupy them in the real sense of the word, where the governments, the central governments in Europe, gave up sovereignty over those areas because they said, you know, it's just not worth enforcing the law in those parts.
00:05:21.000It's just not worth it to put out fires in those places or to provide public services because we're just going to get chased out.
00:05:28.000And this was a popular talking point, a very strong one, because it's visual and a visceral demonstration of a real takeover of a conquest.
00:05:36.000Whereas the liberals, the internationalists said, well, they're going to come here and they'll assimilate and they'll take part.
00:05:43.000They'll become Italian or they'll contribute to rich diversity.
00:05:46.000Well, here you have this image of these ghettos, these enclaves, essentially, of the places where the migrants fled from, where they pick up Syria and they put it down in Molenbeek.
00:05:58.000In Belgium, or they pick it up and they put it down in the various cities in France or Germany or Sweden from where they came from in West Africa, North Africa.
00:06:08.000And so it's just nice to hear Merkel acknowledge that yes, the no go zones do exist, and all the liberals who denied it for so long say, oh, you know, that's not real, that's Republican fiction, that's far right propaganda.
00:06:19.000No, even Merkel, even the de facto head of the European Union, even she admits that this project has been an unmitigated, absolute disaster for the European continent.
00:06:31.000You know, maybe you could have some immigration.
00:06:33.000Maybe you could have some migrants, but a million a year, a half a million a year for 10 years?
00:06:47.000If you watch the videos, if you see these things on Facebook or on Twitter, Voice of Europe does a good job with this stuff.
00:06:54.000That's a great account on Twitter to follow.
00:06:56.000Gatestone Institute provides these statistics.
00:06:58.000It's an open secret, basically, in Europe that this is the elephant in the room, that this is the problem.
00:07:04.000The fact that you have these fundamental people, these primitive people coming over here from uncivilized places, uncivilized countries and nations, and they come over here and they do their Muslim call to prayer and they have their rape gangs and they're playing the knockout game in the streets.
00:07:19.000And everybody knows this, and the government knows this.
00:07:22.000That's why they stop publishing the statistics on crime.
00:07:24.000If you look in Sweden, they stop publishing the ethnicities of the different crime categories because, hey, people are looking at them in 90 some, 80 some, 95, 96 percent.
00:08:22.000We were tossing up a lot of countries.
00:08:24.000It's easy to get confused with Northern Europe.
00:08:26.000But in the Netherlands election, this was a good example, I believe, over the summer, where Geert Wilders was beat out by a center right party in the Netherlands.
00:08:36.000And what was significant about this was, you know, people thought Geert Wilders and his PVV party, I believe it was called, that was the acronym.
00:08:46.000They were doing really well in the polls.
00:08:47.000People had kind of this, oh, I don't know, this hope, this dream that maybe there would be some kind of a government formed.
00:08:54.000But what was significant in the Netherlands elections and in some of the others is that the so called far right forced everybody else to move further to the right, and specifically on the topic of immigration.
00:09:05.000And we saw this in the Netherlands, where the party that ended up winning, the center right party that ended up winning the elections and getting the most seats in the parliament there, they weren't Geert Wilder's right, where they were saying, you know, ban the Quran and shut down mosques and deport Muslims, but they did say that migration had to be stopped and that that was a big problem.
00:09:26.000And even in the Italian elections, even though you have these different coalitions, you have the Democratic Party, and you have the five star, and you have the far right party, even the left says we'll have to end immigration.
00:09:37.000I mean, that's the furthest left coalition you have.
00:09:40.000And even they are saying, hey, immigration's a problem.
00:09:43.000We're going to have to do something about that.
00:10:12.000And then will the reforms make it through?
00:10:14.000Because you saw in the case of the Brexit, even when the far right, and I have to use the air quotations because, you know, again, we're the reasonable ones.
00:10:22.000I don't really think it's that radical.
00:10:24.000But even when the right wing won in the Brexit vote, even when they.
00:10:28.000Defeated the globalists, they defeated the European Union, even when they got their referendum passed.
00:10:33.000Now Theresa May comes in and she was not a Brexiteer, and now she's going to slow walk the process.
00:10:39.000And now it's questionable if the Brexit will even happen, if it'll even have any significant effect on the relations between the UK and the European Union.
00:10:47.000So those are really the fundamental questions now.
00:10:50.000All the politicians are feeling it, all Europeans are basically aware of it.
00:11:07.000I think we're getting a stronger hand every day in Europe, and that's a white pill, like I said yesterday, because that bodes well for us.
00:11:14.000If they're getting radicalized by this immigration, and you see the dominoes falling one by one from Poland to Hungary to Czech Republic to Austria to Italy, Netherlands, hopefully France and England and Germany one day, as the dominoes fall over there, we get a glimpse into our future.
00:11:30.000Will the increased immigration, Will this changing demographic situation, the change and a noticeable change in the texture of life in our country beget a counter revolution?
00:11:42.000Will it beget a reaction as strong or maybe even stronger than the forces that got us here in the first place?
00:11:52.000The next thing we want to get to, and that's Germany.
00:11:55.000But the other major development in terms of international affairs that we saw today, which I thought was pretty significant, was Vladimir Putin's State of the Nation address this afternoon.
00:12:07.000So in Moscow, he gave a big grand speech, kind of like the State of the Union, but I guess the Russian version of it, State of the Nation version in Russia.
00:12:16.000And he went over, and it was pretty remarkable because he addressed all kinds of topics in the speech.
00:12:20.000He addressed health care and education and all kinds of things.
00:12:24.000But the single largest, most noticeable piece in the speech was about weapons, was about military.
00:12:30.000And I saw somebody tweeting about it that if you watch the whole speech from start to finish, he spent maybe five, ten minutes on this, five, ten minutes on that.
00:12:38.000And then it was a whole half hour to an hour about weapons and foreign affairs and all this other stuff, which really gives you an insight into how Vladimir Putin.
00:12:47.000Will govern in his next term, how he sees Russia's place in the world under his reign.
00:12:53.000So he gave his State of the Nation speech, and this was, of course, in preparation for the Russian presidential election, which will be March 18th, and he's expected to win another six year term.
00:13:05.000And it's really something interesting how Vladimir Putin did this, where he got into office in the year 2000, succeeding Boris Yeltsin, and he got into office in 2000.
00:13:18.000And the rule was when he got into office, when Russia was this fledgling democracy, and by the way, Russia is a terrific example of what goes wrong with the free market, what goes wrong with liberalism, why neoconservatism and neoliberalism is fundamentally flawed.
00:13:34.000Because here was a country which endured communism for so long, and in many instances, you saw the Russian people hungry or interested in democracy, interested in capitalism, because it was something new, it was something different, they wanted the fruits.
00:13:50.000The wealth that we had, the freedoms that we had, that the West Germans had.
00:13:54.000But then they realized hey, wait a minute, we kind of need experience.
00:13:58.000There needs to be a culture for democracy to really work.
00:14:02.000There needs to be a certain atmosphere.
00:14:04.000There needs to be certain social capital in place for a free market system to work.
00:14:09.000And they found that out because, in many cases in St. Petersburg, you would have people being assassinated in the streets.
00:14:15.000You had snipers on the roof, killing each other, oligarchs at war with each other, buying up all the land that was being sold off by the government, and really a terrible.
00:14:24.000Terrible instance, a really terrible example of these fantasies, maybe, of the West gone wrong, where we think we can throw down our system anywhere in the world and it'll work.
00:14:36.000We tried that in Iraq, we tried that in other places, and they tried it in Russia and it didn't work so well.
00:14:41.000So Vladimir Putin comes into power in 2000, and the system that was in place then under their new constitution, we're going to try and be Western, we're going to try and assimilate into this new world order, as George Bush put it.
00:14:56.000And under the Constitution, the rules were Vladimir Putin would serve two terms and then you're done.
00:15:02.000You get your two terms and then you're out.
00:15:04.000And so Putin served his two terms and then he put in Medvedev, who was his prime minister before.
00:15:09.000Then he rotated in and became president.
00:15:13.000And while Medvedev stood as kind of a puppet for Putin, they changed the Constitution so that actually we only mean two non consecutive terms.
00:15:22.000So you can serve as many terms as you like so long as it's not more than two consecutively.
00:15:27.000And also, we're going to increase the amount of years for the term up to six.
00:15:30.000And of course, Putin comes back in 2012, wins handily, gets a six year term.
00:15:34.000He'll get another six year term in 2018.
00:15:37.000And, you know, they kind of get a bad rap about this kind of thing, about how Putin's really in charge, and he's always been in charge, and he's been consolidating power, and he has kind of this personal state apparatus.
00:15:54.000Russia has a tradition, a political culture in their country called Cesaro Papism, which means that they want a strong leader, they want a strong central government.
00:16:04.000And you look at the physiognomy of Russian civilization, the Russian land, the Russian culture, and It is suited towards this kind of government.
00:16:47.000He's in there for another six years, I guess, and I'm sure he'll be in there probably until he dies.
00:16:53.000And he gave his grand state of the nation speech today, and he announced the big announcements were the new weapons systems that Russia has created, which are they're revamping their nuclear arsenal, and they have a nuclear powered cruise missile, a nuclear powered underwater drone, and a hypersonic missile.
00:17:11.000And the United States knew, I believe they knew about the missile.
00:17:15.000And they knew about the hypersonic missile.
00:17:17.000They didn't know so much about the underwater drone.
00:17:20.000But what was really significant about it, the announcement that was made about the hypersonic missile, is that this new ICBM by Russia can reach any point around the world, so they can fire it off from Russia and they could hit anywhere on the globe.
00:17:34.000And then additionally, the missile operates in such a way I guess it's so fast because it's faster than the speed of sound, it's hypersonic that this can penetrate any and all anti ballistic missile defense shields.
00:17:47.000So, you understand that one of the more significant developments in the past 10 to 15 years in terms of nuclear deterrence is the introduction of more and more sophisticated anti ballistic missile technology.
00:17:59.000And so, we see ABM systems being put up, for example, in the Czech Republic, in Poland, that Obama pulled out, and there was an additional one that was put in place in Eastern Europe.
00:18:08.000We see an ABM system, the FAD, that was put in place in South Korea.
00:18:12.000We talked at length about that over the summer and actually in the spring of last year, I believe, in the fall of last year.
00:18:19.000Of 2017, and in the spring of 2017, which was the Terminal High Altitude Air Defense Shield, which, when put in South Korea, would have shot down any North Korean medium to short range ballistic missiles before they even got into the atmosphere.
00:18:34.000And then, of course, we conducted numerous tests in Hawaii, in the West Coast, in Alaska, of our anti ballistic missile shield to defend against a missile coming from the Pacific.
00:18:45.000And the construction of the ABM, you understand the anti ballistic missile, it sounds good in theory.
00:18:49.000I think a lot of people would see the ABM.
00:18:53.000And they would think, oh, well, that's good because here's been this problem since the 1940s we have these weapons of mass destruction where a group of people in Moscow or a group of people in Beijing, if they read a signal wrong, if they want to launch a first strike, well, they could press the big red button and the whole world goes to hell.
00:19:14.000The whole world burns up, and that's a bad thing.
00:19:16.000And people might see the ABM, they might see anti ballistic missile technology, and say, oh, well, here's a way out of it.
00:19:22.000Well, we're not at the mercy of Russia anymore.
00:19:25.000We're not at the mercy of China anymore.
00:19:26.000They could launch their missiles, but.
00:19:31.000And this is a fundamental misunderstanding of how nuclear deterrence operates.
00:19:37.000In a way, and this was argued by the great neo realist foreign policy thinker Waltz, that the introduction of nuclear weapons, the proliferation of nuclear weapons, in a way made the world safer, in a way made the world more stable.
00:19:52.000Because if you had these weapons of mass destruction, if the Soviet Union had 1,000 warheads and we had 1,000 warheads, well, guess what happens?
00:20:01.000Whereas in World War I or World War II, you had some kind of prospect of great power conflict because it was only conventional weapons.
00:20:09.000You could have the prospect of a land war between the United States and China, or a land war between Germany and the United Kingdom, or Russia and France, because the devastation is manageable enough where you could fight for limited aims and use limited capacity and, you know, it wouldn't end the world.
00:20:28.000With the introduction of nuclear weapons, any kind of conflict between a great power, You know, the P5 nations, which are China, Russia, France, the UK, and the US, new nuclear powers like India and Pakistan, Israel, among others.
00:20:42.000Now, if you had even like a border skirmish, if you even had some kind of limited conflict, if a bullet was fired, if a ship was sunk, the Cuban Missile Crisis, something like that, it could potentially escalate to the point where it's total nuclear war and everybody dies and everybody burns, and that's what you get something called mutually assured destruction, where a great power will not attack another great power because.
00:21:07.000It could escalate into nuclear war, and then both can be assured that they would be destroyed, mutually assured destruction.
00:21:14.000And so the ABM, while people might think that's a good thing, while people might say that's really great, we've constructed this ABM technology in response to rogue states getting nuclear weapons like Iran and like North Korea, and now we're protected from these radicals, from these crazy people, well, then maybe we could also protect ourselves against Russia and China.
00:21:33.000This is actually the most disruptive development in the nuclear age since the introduction of nuclear weapons, because now that we have these sophisticated weapons, Now it's once again become questionable.
00:21:46.000Do you have mutually assured destruction?
00:21:48.000Because consider the moral hazard, consider the moral hazard of a United States armed with anti ballistic missile technology such that they could defend against any ICBM threat, any missile or nuclear threat.
00:22:02.000And this is not the case, but imagine it is for a moment.
00:22:05.000Imagine we keep going on this trajectory, and under the guise of defending against North Korea and Iran instead of other great powers, we constructed an impenetrable ABM shield.
00:22:16.000There is now an element of moral hazard where the United States, if they wanted to fight a war with China, if they wanted to fight a war with Russia, and these are some of the biggest militaries in the world that would result in mass casualties, it could escalate beyond limited objectives into a total conventional war.
00:22:37.000So that the next time there's a skirmish in the South China Sea, so that the next time there's a skirmish in the Donbass, in Ukraine, the Donbass or in Luhansk or Donetsk or in Syria or whichever theater you want to pick, If there's a border skirmish, if a troop is killed, if a plane is shot down, now it's on the table that there could be a war, maybe with limited objectives, maybe not.
00:23:57.000You have American troops in Estonia, which is, if you look at a map, which is not very far at all from Russia's capital or one of their biggest cities, St. Petersburg.
00:24:07.000And so you look at the policy of the United States over the past 25 years.
00:24:11.000Is it so crazy for Vladimir Putin to think that with NATO expanding right against the borders of Russia and conducting military exercises right on the borders of Russia and military bases on the border with Russia and all this talk about Russian hacking and Russian cyber attacks and we ought to retaliate against Russia?
00:24:31.000And we're challenging them in Syria and in Iran.
00:24:33.000We're remaking the entire world order.
00:24:36.000Is Putin crazy for thinking that the ABM shield is there so that it would eliminate the possibility that Russia could retaliate in any sufficient capacity against a U.S. first strike or against a conventional attack on Russia?
00:26:08.000Raison d'etat, the interest of the state, of his people, and of his nation.
00:26:14.000He is not, as all the neoconservatives said in 2012 and 2008, trying to reconstitute the Soviet Union.
00:26:21.000You know, you get on Fox News all day long from the neocons, from the Max Boot types, who take that quote that Putin said some years ago where he said that the collapse of the Soviet Union was the biggest geopolitical disaster of the 20th century.
00:26:35.000And they say Putin is trying to reconstitute, he's trying to revive.
00:26:41.000The Soviet Union, and this is just such a misreading of the Russian situation and Russia as a nation.
00:26:48.000People need to understand the Soviet Union is not Russia.
00:26:53.000The Soviet Union, as existed between 1918 and 1991, is not the Russian Federation, which has existed since 1991, or the Russian Empire, which preceded the Soviet Union.
00:27:08.000The Russian state now is a country like any other country, comparable to China.
00:27:13.000Comparable to Germany or France or Britain or Poland, even.
00:27:17.000I think maybe that's a better example.
00:27:20.000They have a certain image of themselves on the world stage, which harkens back to the days when they were one of the greatest and largest empires in the history of the world.
00:27:29.000But they're a country just like any other.
00:27:31.000The Soviet Union, when that was around, and it wasn't the Russian Soviet Federated, what was it?
00:28:06.000But up until that point, their foreign policy, their grand strategy was we need to make every country in the world communist.
00:28:14.000We need to spread the communist revolution to every country in the world.
00:28:18.000And this is why in the 1920s, they fomented a communist revolution in Germany and they tried to foment communist revolution in China.
00:28:25.000They supported to some extent in the early days.
00:28:28.000Both the nationalists and the communists in China.
00:28:31.000They supported resistances all around the world until eventually they said, we kind of need to get our own house in order.
00:28:37.000But for the longest time during the Cold War, there was a legitimate existential threat to the United States in that the Soviet Union was sponsoring revolutionaries in places like Nicaragua, in Cuba, in Venezuela, in Angola, in Syria, in Iran, or Azerbaijan rather, in northern Iran, and then in Asia.
00:28:56.000And so there was this legitimate threat.
00:30:16.000It's not to say that there aren't legitimate areas of concern where Russia is overturning things in Western and Eastern Europe and in the Middle East.
00:30:24.000And we are sparring, we are jockeying for them, for power with them in these different spheres.
00:30:29.000But it is to say that we have to have reasonable expectations.
00:30:32.000We should return to a more Nixonian policy of detente where we say, okay, we respect your distance, we respect.
00:30:40.000The gains that you've made, but that's enough.
00:30:42.000Let's just preserve the world order as it is, and we can negotiate how that's going to look.
00:30:56.000And it was interesting how the White House responded.
00:30:58.000The press secretary dismissed it basically and said, Yeah, like we basically knew about these weapons, and Putin's probably just, it's all just bluster.
00:31:07.000He's pandering to the audience for the big election, which I'm sure is to some extent true.
00:31:39.000China, if you're talking about threats to the world order as controlled by the United States for the past 25 years, China is the most threatening, the most.
00:31:50.000Prominent, the one with the most potential as a revisionist power, and you don't hear about China hacking.
00:31:55.000You don't hear about China buying up our enterprises, buying up our debt, manipulating our currency, and all that.
00:32:33.000And I think that terrifies them because here's an assertive country on the world stage who is not going to be weighed down by multiculturalism, multiethnic, multiracial, neoliberalism, and that kind of stuff.
00:32:45.000They say, look, we are Russia, and Russia is Russia, and we all know what that means, and we're going to do what we're going to do.
00:32:52.000And that terrifies the people in Washington, D.C., that terrifies the people in Brussels.
00:32:57.000Because, of course, they're the diametric opposite.
00:32:59.000So, in some ways, there is this ideological exchange, but in many cases, we have more in common with the Russians than we do with the elites.
00:33:07.000They say Russians influence our elections as though there's no foreign influence in Washington, D.C. every day of the week.
00:33:14.000I see people in Washington, D.C. as a foreign occupying presence, whether they're getting money from foreign governments or whether they just are who they are.
00:33:22.000You know, many of them hold dual citizenship, many of them don't even see themselves as Americans.
00:33:34.000Are you an American or are you somebody else?
00:33:36.000Luis Gutierrez, he had to leave because he couldn't take the USA chant.
00:33:41.000When all the congressmen were cheering USA for Donald Trump, Luis Gutierrez was so disgusted with it because he is a proud Mexican nationalist, he had to leave the chamber.
00:33:51.000So you look at foreign influence, and it's not coming from Russia, it's coming from Washington, D.C. That's why they're afraid of Russia.
00:34:08.000I mean, it really is interesting in how the United States has defined itself against that country.
00:34:15.000Kind of a peculiar thing for many years.
00:34:17.000But the last thing, moving right along, we got to get into is the aluminum and the steel tariffs, which Trump has, I guess he said that's how they're going to move forward.
00:34:26.000They haven't laid out the particulars yet if the tariffs will be limited, if there will be exceptions for.
00:34:32.000You know, most favored trading partner people or anything like that.
00:34:37.000But he said that he would be putting a 25% tariff on steel, a 10% tariff on aluminum, and the world goes nuts.
00:34:47.000The Europeans are furious, which was curious because many people expected, you know, a big reaction from China.
00:34:54.000And there were talks of trade war between some of these more foreign countries like China.
00:34:58.000And surprisingly, the most vocal response, the most, I guess, upset country, The most upset parties were Europeans.
00:35:07.000Junker, the head of the European Union Commission, was furious about this.
00:35:10.000Says we will respond in kind and you're going to spark a trade war and you're going to hurt our economy and this and that, which was interesting.
00:35:17.000But we do get a lot of our raw materials.
00:35:21.000I mean, we get them from China, but we get a lot of them from Canada and a lot of it from Germany and from other European Union countries.
00:35:27.000And it turns out, actually, this is pretty good.
00:35:30.000This is a case of President Trump using the executive power that he has.
00:35:34.000Finally, where the reason they're able to do this without going to Congress is because.
00:35:40.000According to certain rules and regulations, the Commerce Department, if they assess the situation and they say that there is a national security threat because of trade, they can unilaterally put down trade tariffs.
00:35:54.000So the Commerce Department did an analysis of the steel and aluminum that the United States gets and how much it has and how much it needs.
00:36:02.000And they said, well, actually, there's a national security threat to us not being in total control of the aluminum and the steel that we need.
00:36:10.000There was one report that said that in terms of military grade aluminum, There's only one company in the United States, only one company that produces the kind of aluminum that we need for our fighters and our Air Force and all that.
00:36:24.000So it's actually got, it's somewhat to do with the economy, but more broadly, it's to do with national security.
00:36:30.000And this says a little bit more, I think, about where we're headed economically, but also in terms of ideology as a country.
00:36:37.000Whereas, you know, free trade, and I talked to many of the free traders at CPAC, I was a free trader for a long time.
00:36:44.000It's all free traders in the Republican Party now.
00:36:47.000It's been a free trade party since NAFTA, right?
00:36:50.000And you talk about going against free trade, and it's like you said, you're a communist.
00:36:53.000It's like you said, you're a Muslim extremist or something.
00:36:57.000But you think about it, and many of these people, it's an ideological commitment to free trade.
00:37:01.000If you were to show people the fact sheet and say, here's how many jobs have been lost because of free trade, here's why free trade doesn't work, it's actually more about time preference, it's actually more about balance of payments, it's about some of these other things.
00:37:14.000Here are the national security risks, here are the X, Y, and Z. You go through the whole litany of reasons.
00:37:18.000And in many cases, they refuse to even look at the data.
00:37:21.000They refuse to even hear the arguments.
00:37:23.000I've argued with free traders and introduced facts and examples that they have never heard of, that they didn't even know that that's how the system works.
00:37:31.000But in spite of that, they go hard because it's an ideological commitment to free trade.
00:37:37.000Their vision of America is essentially just an open market open markets, open borders, it's openness, it's pathological altruism.
00:37:46.000That this is just a conduit, this is just a node through which people's and goods and monies just is exchanged.
00:38:52.000The reason that free trade doesn't work specifically in this context is because I don't think this.
00:38:56.000This is a really good example of it because this I think everyone can wrap their heads around if it's aluminum and steel.
00:39:02.000When it's aluminum and steel, you're talking about weapons of war.
00:39:06.000You're talking about production capacity for the national defense being 100% controlled by foreign nations.
00:39:13.000Obviously, it doesn't make much sense to anybody that we would be dependent on our adversaries for the raw materials we need for military production.
00:39:41.000And maybe this is an instance of Trump introducing the most common sense, the most like, yeah, okay, maybe we can understand that, as he did with DACA, as he did with the immigration issue, rather, and some of these others.
00:39:54.000But more broadly, you understand that free trade doesn't work because when we're talking about China in particular, when we're talking about Mexico and these other countries, and you talk about balance of payments, people don't really understand how this works.
00:40:09.000The free traders have it then when we have a trade deficit with China or we have a trade deficit with Mexico, which, you know, we had a $500 billion trade deficit with China last year.
00:40:19.000And the free traders will tell you, well, that's just a statistical anomaly.
00:41:18.000Then you enter into the other accounts.
00:41:20.000And how do we rectify this system where we're getting all this stuff and we don't have to give very much?
00:41:25.000Well, we give to China in exchange for goods and services, in exchange for cheap plastic toys in Walmart, and steel and raw materials and everything else.
00:41:35.000In exchange for that, we reconcile that deficit with three different kinds of capital.
00:41:42.000We can give them assets, we can give them debt, and we can give them currency.
00:41:46.000$500 billion worth of these three things.
00:41:49.000To rectify that imbalance in the current accounts.
00:41:53.000So that means we either give them assets in the form of stocks, which is businesses, which is equity in businesses.
00:42:30.000And what they do, they sell it off at strategic times.
00:42:33.000They introduce it into the market at strategic times so that they can manipulate the exchange rate between their currency, the RMB, and our currency.
00:42:43.000And what that does, you understand that if their currency is worth less than our currency, then we will always be importing more than we'll be exporting.
00:42:52.000So, they take our currency in exchange for the imports that they give us.
00:42:56.000And the reason they can export more to us is because their currency is worth less.
00:43:01.000Well, when they get the currency for that, they then release it at strategic times to keep the exchange rate in such a way that they will always have cheap exports coming to the United States or cheap imports coming into the United States.
00:43:16.000And then you start to understand that it's really more about strategy, it's really more about geopolitics than it is about economics.
00:43:24.000In the sense that if we're supposed to be coming up against China, if they're a revisionist power challenging U.S. institutions, challenging U.S. domination of the economy, military domination over the Pacific theater, and you imagine that this revisionist power, this rival power, they are consuming every year hundreds of billions of dollars of our currency so they keep this relationship, this symbiotic relationship going.
00:43:50.000They get our debt so that in 2070, when interest is half of all tax revenue, A significant portion of that 13 or probably more at that point percent will be going to China, or they just straight up buy American companies.
00:44:05.000And they tried to buy the Chicago Stock Exchange a couple of weeks ago.
00:44:27.000I don't think anybody could say that's a good bargain.
00:44:30.000In exchange for selling off a hundred and some billion dollars every so many months, in exchange for $500 billion a year that they get to buy in debt, assets, and currency, and it's a symbiotic relationship, and we outsource all the raw material production to a rival military power.
00:44:48.000Well, in exchange for that, we get McDonald's.
00:44:51.000In exchange for that, we get cheap tiles and cheap siding for the house, and we get cheap air conditioners and cheap home appliances and televisions.
00:45:07.000Is that something that we benefit from in the long term?
00:45:09.000And then you understand that the free market, free trade as they have it, is not about market efficiency, it's about consumption in the short term.
00:45:18.000We put in regulations, we put in protections, we put in government regulations on the economy so that we can have a longer term time horizon, so that we're not consuming everything all at once, so we're not making terrible long term decisions.
00:46:00.000We'll see how that's actually implemented because, of course, the devil's in the details.
00:46:04.000We have to see what the tariffs actually look like.
00:46:07.000You know, who they're going to be applied to, if it's global, if it's for certain countries, if there's exemptions or exceptions for favored trade partners or anything like that.
00:47:17.000Well, yeah, I mean, that is functionally how liberalism operates in the 21st century as a substitute for faith.
00:47:24.000You think about America, and this is not really like at all, that's not really a new take anymore.
00:47:29.000Nietzsche was talking about this a hundred years ago.
00:47:32.000We called it the new idol, which was the state.
00:47:35.000And that was, you know, a hundred and some years ago.
00:47:39.000But you look at our country today, you look at Western Europe today, and it has all the trappings of religion.
00:47:44.000You have your clergy, which is academia.
00:47:46.000You have your rituals, which is voting and which is, you know, the civic process and volunteering and watching the news and the elections and all that.
00:47:54.000You have your prayers, which is your slogans and your tweets and that kind of thing.
00:47:59.000You have your community centers, which is, you know, if you're going to be an activist, if you're going to get your clipboard, like Barack Obama says, and start community organizing, it has all the trappings of religion, except it has nothing within.
00:48:11.000And this is why we have created a society that is wealthy and life expectancy is good.
00:48:17.000And you can read Steven Pinker, and he'll tell you, we're so good.
00:50:44.000I think they get a little bit maybe in this place where they can't really hear what's going on in the outside world.
00:50:51.000And they might think that the biggest issues in the world are that Trump isn't, Trump isn't deporting a million illegal immigrants every day and we're being censored on social media and all the rest.
00:51:02.000But if you look at the actual numbers, healthcare was the number one issue, I believe, in a poll that was taken pretty recently for the midterms.
00:51:10.000It was like 80% said that they care about healthcare, economy was next.
00:51:50.000Legislation into action if there was any way we could move the needle on something, it would be nice if there were some kind of organization that got money and there were smart people there and lawyers there and they had conferences and they could actually be the ones promoting this kind of legislation that is pro white, that is against censorship and all that.
00:52:10.000Those are the things that we need to be doing instead of rallies, instead of sticker campaigns.
00:52:16.000I put a sticker on a stop sign, I did something.
00:52:18.000We need, whether it's AMREN or it's NPI, Somebody should be, and there's a real niche that needs to be filled here drafting legislation, come up with policy.
00:52:28.000Heritage does it, American Enterprise does it, Cato does it.
00:52:31.000They come out with policy papers and research papers.
00:52:43.000And they don't have to go through some Koch Brother funnel organization where they have to find a good number and find a good way to phrase it.
00:52:50.000They can say, Look, this is the report.
00:52:53.000This is the annual censorship report by American Renaissance, and it says X, Y, and Z.
00:53:19.000That's not you, though, in particular, classical theist who's a good fella.
00:53:22.000I just mean people who say that other activism is.
00:53:27.000Is better or that it boosts morale or something.
00:53:30.000We need to get back to tangible political objectives.
00:53:35.000Activism which promotes tangible, and when I say tangible, I mean it clearly defined, achievable.
00:53:41.000There's a how we get there and away from this other stuff.
00:53:44.000So that's what I would say you could do about the issue.
00:53:46.000There's nothing really we could do about it because we don't really pull any levers, but institutionally we have to start organizing, creating legislation, creating policy, having advocacy for these issues, being a voice.
00:53:58.000And the only way you become a legitimate voice is with good optics.
00:54:49.000I really love this anti-video game crusade.
00:54:51.000You know, everybody's entitled their, you know, particular leisure, but if it's in front of a screen, if you want to unwind for a little while, that's suddenly, you know, not such a great thing.
00:55:04.000The movement cannot be joyless if it has to survive, you know.
00:55:26.000And maybe if they're making money, I guess it's okay.
00:55:28.000But otherwise, you know, people that are sitting down in the three or four hours and they're not doing what they need to be doing if they're not working, if they don't work out, and all the rest.
00:55:37.000So pretty gay, these megs coming in tonight.
00:58:37.000I mean, that's just one example, but consumer goods.
00:58:40.000Look at, I mean, and maybe that'll sound like an excuse, but it's just really not in the cards for somebody like myself right now.
00:58:46.000Although, maybe, you know, maybe there are some machinist jobs for people fresh out of high school that'll be able to support a family that I'm just not aware of.
00:58:54.000Maybe I don't know, but don't super chat me anymore if you're going to be sub 250 IQ.
00:59:02.000Al Sabadis, feels good to work out, huh?
00:59:49.000Are all these people who are, you know, bulking up with these insane regimens and this insane dieting and all this other stuff, are they pushing themselves 100% in their work?
01:00:01.000Are they pushing themselves 100% in their faith, in their education, with their family?
01:00:06.000You know, I don't understand how people have the time or the energy to have their life orbit around, you know, getting 3,000 calories and hitting the gym every day for hours.
01:00:57.000And this is a little pearl of wisdom, life advice from Nick.
01:01:01.000As somebody who's been in the spotlight, as somebody who has critics and detractors and friends and fans, a little pearl of wisdom for all you people out there.
01:01:10.000You're never going to please everybody.
01:01:13.000If you're going to do anything, you have to do it for yourself because there's always going to be somebody who has a problem, there's always going to be somebody who has something to say.
01:01:22.000You know, in doing the show, and you get all kinds of people.
01:01:25.000Well, you're not far enough, or you're not moderate enough, or you're not this enough, or not that enough, or it's too this, or it's not enough that.
01:01:32.000And you just have to believe in what you're doing.
01:01:34.000You just have to have faith in the decisions you make and what you're doing.
01:01:37.000And a little bit of life advice for all of our youngsters out there who are getting pushed and pulled in all these different directions.
01:01:44.000I see this all the time lots of unsolicited advice from irresponsible people.
01:01:49.000And I see our young people who go to these rallies, or they make these life decisions, and they do other things.
01:01:55.000And you just got to be careful who you're listening to.
01:01:59.000Dringle Bells, is it trad to take kratom?
01:02:12.000I think the trad thing to do is just to eat meat, to eat meat, to eat your vegetables, eat a balanced diet, and to stay in shape a little bit.
01:02:45.000That's the number one scourge in the country today.
01:02:47.000You wonder why there's so many fat people walking around.
01:02:49.000Maybe it's because there's like three cans of sugar in every beverage they're drinking.
01:02:54.000You know, that was really the red pill for me I saw this is one of the most ubiquitous products in the country.
01:03:00.000It's for sports, it's for the movies, you have to have a soda everywhere you go, and it's literally all sugar, and it's going to just rot your insides out.