America First - Nicholas J. Fuentes - RIGGED SYSTEM - Billionaires Pay ZERO According to New Report | America First Ep. 825

00:00:03.000 It's not cruel to shill for Israel.

00:00:06.000 It's not.

00:00:11.000 This is a Christian nation. 0.99

00:00:14.000 This is America.

00:00:20.000 I fear and love God.

00:00:23.000 When you remove the fear and love of God, you create the fear and love of everything else.

00:00:29.000 You're talking to somebody right now that only fears God and Jesus has won the victory.

00:00:36.000 Americanism, not globalism, will be our creep.

00:00:43.000 It's going to be only America first.

00:00:47.000 America first. 0.99

00:00:52.000 The American people will come first once again.

00:04:07.000 Good evening, everybody.

00:04:09.000 You are watching America First.

00:04:11.000 My name is Nicholas J. Fuentes.

00:04:12.000 We have a great show for you tonight.

00:04:14.000 Very excited to be back with you here tonight on Tuesday.

00:04:19.000 We have a lot to talk about, lots to get into tonight.

00:04:23.000 But before we do, I just want to make sure is the stream okay?

00:04:26.000 I saw some people were commenting that the stream was lagging a little bit.

00:04:32.000 I just want to check the chat and make sure, real quick.

00:04:36.000 Looks like so far so good.

00:04:38.000 So I guess I'll go on then.

00:04:40.000 Everybody's always got something to say.

00:04:42.000 I start the stream, the stream music plays, and every lag, lag, lag.

00:04:47.000 And it is, and it's always something.

00:04:48.000 It's always tech this or whatever.

00:04:52.000 It's always something.

00:04:53.000 Anyway, we've got a great show for you tonight, though.

00:04:58.000 Some people are saying laggy, some people are saying good.

00:05:01.000 Okay, looks good.

00:05:02.000 All right.

00:05:03.000 So, our featured story tonight is about a new report from ProPublica.

00:05:07.000 I wonder how many of you saw this.

00:05:09.000 I saw this early this morning on Twitter.

00:05:12.000 But ProPublica was able to get records from the IRS of the tax returns, tax data of the 25 richest Americans in the country.

00:05:23.000 And they found that the top 25 richest Americans are paying an effective tax rate of, in some cases, 0.1% of their total income.

00:05:36.000 And they have an interesting way of calculating that, and we'll get into that tonight exactly how they arrive at that calculation and how that's even possible.

00:05:45.000 But it's a pretty bombshell report.

00:05:47.000 And I think I saw this trending on Twitter.

00:05:49.000 There was a lot of commentary.

00:05:52.000 And this is something we've talked about on this show before.

00:05:55.000 We've specifically talked about the increasing tax rates under the Biden administration.

00:06:00.000 And one of the things I hear all the time is this Why would it be that corporations and the wealthy would vote for leftists and Democrats who are going to come into power and raise their tax rates?

00:06:12.000 And specifically, I talked about this on a show very, very recently when.

00:06:17.000 It was proposed to raise the capital gains tax to 43% or something.

00:06:23.000 And this came off the heels of the income tax being raised again, the corporate tax rate being raised again, or at least proposals for those things.

00:06:31.000 And I said, all that this is going to do is crush the middle class.

00:06:34.000 I said, it'll also crush certain kinds of rich people, but the richest of the rich, the billionaires, I said this back then, I said, the Bezos, the Buffets, Elon Musk, they will be just fine.

00:06:47.000 And now we have the evidence to back that up.

00:06:49.000 We have the cold hard evidence.

00:06:51.000 It doesn't get more concrete than this.

00:06:54.000 Tax data for the past 20 years, in some cases, goes back 15, 20 years, and shows that the world's richest people, America's richest billionaires, have paid sometimes no income tax in a given year.

00:07:08.000 And some years pay very, very little as a percentage.

00:07:11.000 And we have that.

00:07:12.000 So we'll talk all about that report tonight.

00:07:14.000 Very interesting stuff.

00:07:15.000 And what's more interesting to me is how they do it.

00:07:19.000 Because how they evade the tax scheme is very interesting.

00:07:24.000 And it also tells us something about the overall economy, too, how they're able to do that.

00:07:29.000 So I encourage everybody to read the report, but we'll be doing a brief summary about that tonight.

00:07:34.000 That'll be our main story.

00:07:35.000 We'll also be talking tonight about the dark side hack, dark side cyber attack, ransomware attack against Colonial Pipelines about a month ago.

00:07:48.000 I remember we covered this story, and I I think that was actually when Louis Theroux was in the studio that night and he was shooting the documentary here.

00:07:56.000 He was only here for like 12 hours or something.

00:08:00.000 I'm talking about in the city for like 12 hours.

00:08:02.000 But in any case, I remember covering this story and I remember exactly how it went down.

00:08:08.000 This is something that just kind of came out of the blue.

00:08:10.000 It was this group nobody had ever heard of.

00:08:13.000 And they said this anonymous dark side hacking group has attacked Colonial Pipeline.

00:08:18.000 Remember, it shut down all the gasoline in the Atlantic coast, specifically in D.C. and Atlanta.

00:08:26.000 And the government said that this was a Russian based hacking group.

00:08:30.000 That launched a cyber attack against the United States and did get a ransom payment from the company after they shut down gas pipelines for about a week.

00:08:41.000 And later on, the government said that maybe this was state sponsored, that Russia and the Russian government is harboring this cybersecurity group, and that's caused a rift between the United States and Russia, which will be discussed at a future meeting.

00:08:55.000 The development today, we have an update on that story.

00:08:58.000 It turns out, and this is reported all over the news, this is amazing.

00:09:02.000 FBI came out today and said that they had seized $2 point something million of the ransom payment from the hacker group.

00:09:12.000 That the FBI took not the cash, but took Bitcoin.

00:09:16.000 They were able to seize the Bitcoin ransom payment or a part of it, partially, from the dark side hacking group.

00:09:24.000 And this immediately caused panic because, of course, the whole appeal or one of the major appeals of cryptocurrency and Bitcoin is that.

00:09:34.000 That is not supposed to be able to be done.

00:09:37.000 It should not be possible for a centralized institution or an individual actor or anybody for that matter to take or tamper with money.

00:09:49.000 And without getting into too much detail about cryptocurrency, but if that were to be possible, this would have serious implications for the efficacy of cryptocurrency in its future.

00:09:59.000 So a lot of people immediately panicked and they said the FBI seized a Bitcoin wallet?

00:10:04.000 How did they do that?

00:10:05.000 How is that possible?

00:10:07.000 Did they.

00:10:07.000 Did they break the password?

00:10:09.000 That's not possible because to get access to the wallet, they would have to come up with 12 consecutive words, unique, et cetera.

00:10:18.000 It shouldn't be possible, and they can't manipulate the ledger because the FBI doesn't have enough computing power to do that.

00:10:24.000 So, long story short, people had a lot of technical questions about how could this be possible that the FBI could seize a Bitcoin wallet?

00:10:30.000 If they did that, then Bitcoin should essentially be worthless.

00:10:35.000 Well, then journalists did some digging on this, and this is the update.

00:10:39.000 We found out.

00:10:40.000 That the FBI didn't seize a Bitcoin wallet.

00:10:44.000 Darkseid, the anonymous hacker group that hacked one of the largest petroleum companies in the world and forced them to pay a ransom payment of $5 million, which has collected something like $100 million over the years in ransom payments.

00:11:02.000 They had converted their Bitcoin to cash on Coinbase.

00:11:08.000 They were holding their Bitcoin, or maybe they were planning to, they were holding their Bitcoin.

00:11:14.000 On an American server on Coinbase, which is an exchange, as you know.

00:11:20.000 So, in other words, Coinbase controlled the private keys to their Bitcoin.

00:11:25.000 Coinbase held their Bitcoin on servers in the continental United States.

00:11:32.000 So, the FBI didn't seize a Bitcoin wallet.

00:11:36.000 The FBI seized Bitcoin that was held on a US server on a cryptocurrency exchange, which is presumably Coinbase, which is.

00:11:45.000 Is very possible, which is not a technical problem for Bitcoin.

00:11:49.000 But let's think about this for just a minute here.

00:11:53.000 You don't have to know exactly what I'm talking about, how Bitcoin works, or anything other than this.

00:12:00.000 The whole appeal of Bitcoin is you're not supposed to be able to seize it.

00:12:03.000 As long as you control the access and the private keys to your Bitcoin wallet, nobody is supposed to be able to take it unless they have more computing power than all the computers in the world.

00:12:15.000 And I'm being overly simple here.

00:12:18.000 But basically, this is the case.

00:12:22.000 Than a certain percentage of all the computers that are processing transactions in a decentralized way for Bitcoin in the world.

00:12:30.000 So, Bitcoin is a fail safe.

00:12:33.000 Cannot take it.

00:12:34.000 Financial institutions, governments cannot take it.

00:12:39.000 But these brilliant hackers, these computer experts, the people that masterminded this ransomware campaign with some of the biggest companies in the world and got tens of millions of dollars in ransom payments, they had their Bitcoin.

00:12:53.000 On an exchange on American soil, on American servers where the government was conveniently able to get half of their most recent ransomware payment. 0.82

00:13:03.000 We're supposed to believe that that makes sense, that these are supposed to be world class hackers, and they did something that like a baby boomer would do.

00:13:12.000 They did something that like my aunt, like one of my uncles would do, that somebody who knows nothing about Bitcoin would do.

00:13:20.000 I mean, this is like an entry level.

00:13:22.000 This is one of the first things if you follow like.

00:13:25.000 If you follow a popular cryptocurrency guru on Twitter, they will tell you control your private keys.

00:13:32.000 Don't keep your cryptocurrency on an exchange, which is exactly what they did.

00:13:36.000 So, anyway, without getting too much into it, I guess I've just given away the whole story, but we'll get into that as well.

00:13:43.000 It should be a very good show.

00:13:44.000 Lots of stuff to talk about.

00:13:46.000 It's just so unbelievable, but we'll go into that in more detail in a moment.

00:13:52.000 Before we get into the news, I want to remind you to follow me on Telegram and Gab.

00:13:57.000 I'm still banned on Twitter, okay?

00:13:59.000 I've been suspended on Twitter now for about four days, right?

00:14:06.000 Yeah, four days.

00:14:06.000 No.

00:14:07.000 I was given a seven day suspension on Friday, so I'm not permanently banned.

00:14:12.000 Everybody is freaking out about this.

00:14:15.000 On Friday, I got a seven day suspension on Twitter.

00:14:18.000 They locked me out of my account for seven days.

00:14:21.000 It is temporary, it is not permanent, at least not yet.

00:14:24.000 I mean, knock on wood, I hope it doesn't turn into anything permanent, but.

00:14:28.000 On Friday, I was given a seven day suspension, last seven days.

00:14:33.000 A couple of days ago, I deleted all my tweets from my timeline.

00:14:38.000 And I do this every time that I get suspended.

00:14:40.000 It's very obvious why.

00:14:41.000 Some people delete their tweets and they have it automatic.

00:14:44.000 They delete every tweet that's older than three months or a few weeks, older than a certain amount of time.

00:14:50.000 And that's because over time, the Twitter guidelines change.

00:14:55.000 And what you may have posted at one time may no longer be in compliance with the ever changing Twitter terms of service.

00:15:01.000 So, this is one reason people.

00:15:03.000 Don't like to keep their tweets up indefinitely because what will often happen is the Twitter guidelines will change.

00:15:10.000 Something that you tweeted in the past, which was okay then, is suddenly not in compliance with the rules now.

00:15:16.000 People will go back and find those things, report them, and get your account removed.

00:15:20.000 So I don't know why I was banned.

00:15:23.000 Or I was suspended this week.

00:15:24.000 They didn't give me a specific tweet that I put out that was the reason for my ban, they didn't tell me which tweet did me in.

00:15:33.000 But out of an abundance of caution, I deleted everything just so that people can't go in and mass report my tweets.

00:15:39.000 I do, you know, these are two kind of simple things.

00:15:42.000 I put it on Telegram.

00:15:43.000 Hey, I'm on a seven day suspension.

00:15:44.000 I deleted all my tweets.

00:15:46.000 And I swear, it's like every 10 minutes all day, I get somebody on Twitter saying, Is Nick banned from Twitter?

00:15:54.000 Where did all your tweets, what happened to all your tweets, King?

00:15:57.000 I deleted them.

00:15:58.000 I mean, what do people, honestly, what do people think?

00:16:02.000 You go on my timeline, you see my account, it doesn't say suspended, it doesn't say account suspended like it normally does.

00:16:09.000 It's not like loading or anything, it's just there, but with no tweets.

00:16:13.000 And people are like, It's banned?

00:16:15.000 Why would you think that?

00:16:16.000 I mean, if you're banned, You refresh once and it says account suspended.

00:16:21.000 That happened the day that Donald Trump was banned.

00:16:24.000 That happened.

00:16:24.000 You could refresh, it says account suspended.

00:16:27.000 But with me, it's like, what do people not know how it works?

00:16:30.000 And then they're like, well, what happened to his tweets?

00:16:32.000 Is something happening?

00:16:33.000 What's going on?

00:16:35.000 You know, I just like, I can't do it anymore.

00:16:38.000 So everything is fine.

00:16:40.000 Okay, everybody relax.

00:16:42.000 I'm on a seven day.

00:16:43.000 I deleted my tweets.

00:16:44.000 It's very, very standard stuff.

00:16:47.000 I'll be back this Friday.

00:16:50.000 You know, if I don't get further banned, if I don't get permanently banned in the meantime, and I will be tweeting like I always do.

00:16:58.000 Most of my tweets are backed up on Gab.

00:17:00.000 I repost almost all of my tweets on Gab, and the ones that I delete on Twitter, I keep up on Gab.

00:17:07.000 And I have the Twitter archive, so they're all on my computer somewhere.

00:17:11.000 So everybody just please relax.

00:17:13.000 It's not the end of the world, it's really not a big deal.

00:17:17.000 Okay, so that being said, Follow me on Telegram and Gab because that is where I will be posting in the meantime, and I do post there even when I am on Twitter.

00:17:26.000 So follow me on Telegram, which is t.meslash nickjfuentes.

00:17:30.000 Follow me on Gab, which is gab.comslash real nickjfuentes.

00:17:35.000 Both of those links are down below.

00:17:37.000 You can see a Telegram and a Gab icon and follow me down there.

00:17:43.000 Also, remember to check out my site, nicholasjfuentes.com.

00:17:46.000 If you miss the show, you can get access to every episode of America First on my website for just.

00:17:52.000 Excuse me.

00:17:53.000 I just had a couple of donuts.

00:17:55.000 For just $10 a month, you could get access to every show, every stream, almost anything I've ever done on the internet.

00:18:02.000 It's all up there on the site, so check that out.

00:18:05.000 Okay, with that out of the way, we're going to get into the news.

00:18:10.000 I went on Gab today, and I really pissed off a lot of people on Gab.

00:18:14.000 I forget sometimes that my audience on Gab is actually like older, which is weird.

00:18:21.000 You know, I would expect that the crowd on Gab might be younger.

00:18:26.000 Only because Gab is not as well known.

00:18:28.000 You think, like, less well known, maybe it's skews younger.

00:18:32.000 But so I go on Twitter today and I put out some tweets about Donald Trump, and I'm not going to elaborate on it too much on the show.

00:18:38.000 Maybe I'll talk about it in a future show. 0.96

00:18:41.000 But I said, look, this guy's useless now. 0.96

00:18:44.000 He's doing nothing but harm. 0.99

00:18:45.000 He's been a disaster ever since the election.

00:18:47.000 He messed up Stop the Steal.

00:18:49.000 He betrayed everyone at the Capitol.

00:18:52.000 He's endorsed terrible people since he left office.

00:18:55.000 He's done nothing about tech censorship.

00:18:58.000 He's endorsed the Vax.

00:19:00.000 He's condemned crypto.

00:19:02.000 I'm like, so this guy's just got to get out of the way.

00:19:04.000 I'm sorry.

00:19:05.000 I love Trump and I wanted to see him do well after this first term, after the presidency, but it's not happening.

00:19:13.000 It's been five months.

00:19:15.000 It's getting worse and not better.

00:19:17.000 And it's honestly, it's enough.

00:19:20.000 It's enough now because this is just the post presidency.

00:19:24.000 We had four years of this.

00:19:25.000 We had four years of missed opportunities where we were willing to say, okay, well, you know, he's the guy.

00:19:31.000 We'll give him a chance.

00:19:32.000 I mean, even in 2020, I was saying, hey, he still got a chance to turn things around.

00:19:36.000 And in some ways, he did.

00:19:37.000 He shut down immigration in the, well, I guess the tail end of the first half of 2020.

00:19:46.000 And he passed an executive order on big tech, which, had he done that a year earlier, might have actually been effective.

00:19:51.000 And in some ways, he did try to turn things around, but it was too little, too late.

00:19:56.000 And then since the election, it's been right back to the old Trump, right back to the old Republican 2018 Kushner, Jafar sort of control over Trump.

00:20:08.000 And, uh, And I'm just kind of sick of it.

00:20:11.000 I just don't know.

00:20:12.000 I don't think there's any more excuses at this point.

00:20:14.000 I think that he can bow out gracefully, but I think it's time to bow out because it doesn't seem like he's fit to carry the torch.

00:20:22.000 And if he is, he hasn't shown us any evidence that that's the case yet.

00:20:26.000 So, anyway, I don't want to get too much into that.

00:20:28.000 We can talk about that in a future show.

00:20:30.000 So, you know, if you disagree, okay.

00:20:33.000 If you agree, okay.

00:20:34.000 But that's really not the point.

00:20:35.000 I put that out on Gab today, and everybody freaked out. 0.96

00:20:38.000 They said, And I get all these boomers. 0.99

00:20:40.000 You got to love it. 0.90

00:20:41.000 I mean, this is just like the epitome of everything that's wrong with the American right.

00:20:45.000 And it makes you wonder do we kind of like deserve everything that we have coming?

00:20:50.000 I mean, I'll just go through some of these comments.

00:20:52.000 So, you know, in fairness, my post was kind of harsh.

00:20:55.000 I said Trump has been a nonstop, irredeemable disaster since the 2020 election ended.

00:21:00.000 If he can't get it together, then he needs to get out of the way immediately because he is doing a lot of damage.

00:21:06.000 So, this is on Gab.

00:21:08.000 This is gab.comslash realnickjfuentes.

00:21:11.000 And the posts just keep coming.

00:21:14.000 Stephen says fake news is for Twitter and Facebook. 1.00

00:21:17.000 I think you're on the wrong platform to demonstrate your stupidity. 1.00

00:21:20.000 Trump has mouths to feed on all of his businesses. 1.00

00:21:23.000 He is under attack by the deep state and its cronies.

00:21:25.000 Their plan is to bankrupt him.

00:21:26.000 What are you doing to back him up?

00:21:30.000 Maybe you need to step away.

00:21:31.000 Trump is our president.

00:21:32.000 Audit almost done.

00:21:34.000 Fraud cancels, negates all.

00:21:36.000 We won.

00:21:37.000 You are clueless.

00:21:38.000 Trump is doing fine.

00:21:38.000 Calm down.

00:21:39.000 Who are you?

00:21:40.000 You seem to be doing nothing more than a complaining never trumper. 1.00

00:21:44.000 Shut up already. 1.00

00:21:45.000 Nick, you are an idiot. 1.00

00:21:46.000 What you be smoking, man? 1.00

00:21:48.000 You are a moron. 1.00

00:21:51.000 Nick is 23 years old. 1.00

00:21:52.000 It pretty much says it all.

00:21:53.000 I'm 22, by the way.

00:21:57.000 And it just goes on and on and on and on.

00:22:01.000 What damage?

00:22:02.000 You mean putting America first? 1.00

00:22:04.000 Doing things for the working class? 0.79

00:22:05.000 Taking no crap off foreign leaders? 0.95

00:22:07.000 Destroying ISIS? 0.99

00:22:09.000 Taking MS 13 out of our country? 0.98

00:22:11.000 Bringing jobs back to our shores?

00:22:13.000 Brokering peace in the Middle East? 1.00

00:22:15.000 If so, you are truly an idiot. 1.00

00:22:19.000 Taking time to do things right. 1.00

00:22:19.000 Not true. 1.00

00:22:21.000 Some missteps along the way.

00:22:22.000 Without Trump, there's no strong opposition to Dems. 0.99

00:22:26.000 You mealy mouthed little prick. 0.99

00:22:28.000 He's our president. 0.96

00:22:32.000 I mean, so, and this just, there's like 300, there's like 300 replies like this.

00:22:37.000 300 replies like this.

00:22:39.000 And it's just the same, it just goes on and on and on.

00:22:46.000 This are needs to get out of the way. 0.94

00:22:49.000 Ass kissing Republican that is going to save the world and a CCP. 1.00

00:22:53.000 Loser, I guess that's supposed to be me. 1.00

00:22:58.000 He is trying to save the country from Marxist Democrats. 1.00

00:23:04.000 Y'all sound like whiny young kits.

00:23:07.000 If socialism is what y'all want, it's going to come if demonic Biden stays in office. 1.00

00:23:12.000 Put your big panties on and let that kit tit alone. 0.97

00:23:17.000 Focus on a job that will pay the rent. 1.00

00:23:23.000 Oh my gosh.

00:23:24.000 And they're all, you know, these are all like.

00:23:27.000 God bless them.

00:23:28.000 I mean, I don't hate them.

00:23:30.000 I'm not mad at them or anything.

00:23:32.000 These are all people with no profile picture, and they're all hardcore boomers. 0.87

00:23:38.000 Y'all sound like whiny young kids.

00:23:40.000 I love how it always comes back to I mean, listen, the left kind of has a point when it comes to this snowflake, libtard, snowflake, soy boy kind of stuff. 0.63

00:23:53.000 Because it is really over the top.

00:23:56.000 Put your big panties on and let that kitchen alone. 1.00

00:24:00.000 Focus on a job that will pay the rent. 1.00

00:24:07.000 Oh my gosh.

00:24:09.000 And they're all like this.

00:24:10.000 I mean, it's just hundreds of them.

00:24:12.000 It's like anti chaos, patriot, you know, all these convoluted names.

00:24:19.000 Stop smoking pot, pal.

00:24:20.000 Pull your head from your fourth point of contact and return to liberal land.

00:24:24.000 There are enough comedians already.

00:24:26.000 Oh, man.

00:24:29.000 What damage has he done?

00:24:31.000 Expose the criminal, treasonous deep state and compare to what?

00:24:35.000 Beijing Biden.

00:24:36.000 Closing the American pipelines while subsidizing Russian and Ukrainian pipelines.

00:24:41.000 America going from energy independence to importing foreign oil again.

00:24:46.000 Gas prices skyrocketing.

00:24:48.000 Food prices skyrocketing.

00:24:52.000 Okay, so you get the point.

00:24:56.000 I mean, I'm going through these.

00:24:58.000 And don't get me wrong.

00:25:01.000 On some level, it is funny, it is comical.

00:25:03.000 And it's hard to hate these people because they're well intentioned, they're well meaning.

00:25:08.000 But they are part of the problem.

00:25:10.000 And this is a big part of why Trump is a part of the problem.

00:25:14.000 Trump is actively doing harm because he is openly and actively doing bad things.

00:25:21.000 He is doing things that are like positive in the sense that he's like going out of his way to do bad things.

00:25:30.000 It's not a lack of doing something, he's doing things that are not good, like endorsing Marco Rubio, endorsing Tim Scott, Greg Abbott.

00:25:38.000 Saying that he's going to help Kevin McCarthy become the Speaker of the House, that is not America First.

00:25:43.000 Helping Kevin McCarthy become the Speaker of the House of Representatives is not good for us.

00:25:48.000 That is terrible.

00:25:50.000 Kevin McCarthy is no better than Paul Ryan.

00:25:52.000 He is no better than Mitch McConnell.

00:25:54.000 He just knows how to play ball.

00:25:55.000 So he says what Trump wants to hear, and then he's going to be no different than the rest.

00:26:01.000 That is not the Trump agenda.

00:26:03.000 That is not the America First agenda.

00:26:06.000 That's really, really bad.

00:26:07.000 And neither are those other people I just described.

00:26:10.000 And not only is he doing things that are bad, but he's refraining from doing the things that he needs to be doing.

00:26:15.000 Like, get on Gab, get on Parlor, get on something, make your own social media, go and do rallies, go and talk about the Capitol defendants, talk about social media censorship, do something.

00:26:30.000 But it's been five months, and he does a little speech here and a little speech there, and it's just sort of aimless.

00:26:37.000 Now he's doing some speaking toward Bill O'Reilly in December.

00:26:41.000 And he does this from the desk of Donald Trump, and then it humiliatingly closes it down less than a month later.

00:26:47.000 I mean, it's been an absolute catastrophe, much like the presidency.

00:26:52.000 It reminds me, it's the same sort of feeling about it now that I did during the presidency, which is not enthusiasm, not the triumphant feeling that the energy was with us that I did in 2016, but the energy that I felt throughout 2020, which was malaise, sort of disenfranchisement, disappointment.

00:27:14.000 Frustration, and we just can't have a repeat of all of that.

00:27:20.000 We have wasted enough time, we have wasted enough opportunities and resources.

00:27:24.000 And at this point, Trump is becoming a force for bad rather than a force for good.

00:27:28.000 Pro Vax, anti crypto, pro Kevin McCarthy, Rubio Scott, all these people.

00:27:34.000 I hate to say it, but if he wasn't before, he is now becoming a part of the problem.

00:27:40.000 And it is increasingly less relevant why that is.

00:27:43.000 You know, I used to say, well, Trump is still solid and we have to try to appeal to him because he was the president and he was the nucleus, whether you liked it or not.

00:27:51.000 Well, now he's out of office.

00:27:52.000 And now things are a little bit different.

00:27:55.000 He is still the head of the party.

00:27:56.000 He still clearly has the support of the people.

00:27:59.000 But.

00:28:00.000 He's no longer the president of the United States.

00:28:03.000 So I was willing to be a little bit more pragmatic about it back then, but now I just don't, I see no reason to justify this ongoing dynamic here.

00:28:13.000 I think that Trump is still the head of the party, and this is evidence of it.

00:28:16.000 So, you know, if you think it's as simple as saying, oh, we just need to get rid of Trump already, Trump is still very, very popular.

00:28:23.000 Trump is still extremely popular with Republicans in the country.

00:28:27.000 So, discarding him, it's not going to happen.

00:28:30.000 No one has the power to discard him.

00:28:32.000 He's the leader of the party.

00:28:34.000 Openly attacking him, I don't think has the kind of returns that people think it does because people encourage me all the time.

00:28:41.000 They say, you know, why do you still support Trump?

00:28:43.000 Now, don't get me wrong.

00:28:44.000 I supported Trump throughout the presidency for specific reasons, which, you know, is beyond the scope of this.

00:28:49.000 I'm already talking more about this than I wanted to, but at this point, attacking the president, it's still not a good idea, but people that are influencing the public, people that are in a position to influence the direction of things, Without getting emotional and without going on a crusade and without being committed to this thing that's not going to happen, which is people like Pedro Gonzalez think that they're going to get rid of Trump.

00:29:17.000 It's not going to happen.

00:29:18.000 Trump is the former president, 97% approval rating.

00:29:22.000 Pedro Gonzalez is, I like him, but he goes on Tuckers sometimes.

00:29:26.000 And he has a Fash Wave Avi on Twitter.com where he has like 25,000 followers or something.

00:29:34.000 I'm not saying that to diminish him.

00:29:36.000 I'm not saying that to attack Pedro.

00:29:37.000 I like Pedro, but.

00:29:40.000 People have got to be realistic about what's going to come of that.

00:29:42.000 Some people think, like, oh, well, if some people just come out and say they don't like Trump, well, we're going to get rid of this guy.

00:29:48.000 It doesn't work like that.

00:29:49.000 Trump is way more powerful.

00:29:50.000 He is a leader of the party.

00:29:52.000 I don't think that attacking him has the returns that you think it does.

00:29:55.000 Nevertheless, we've got to be real and say, this is a problem.

00:30:00.000 This is a big problem.

00:30:01.000 And if I go to an audience of Trump supporters and say this, they will not be receptive because I go on Gab and I get a feel of what most of the country is like.

00:30:10.000 Not what.

00:30:11.000 People who follow like me and Darren Beatty and John Doyle and others are like on Twitter, I get a feel for what normal people in the country are like.

00:30:19.000 And normal people in the country don't really pay attention so much, and they have a very sort of surface level understanding, a very shallow understanding.

00:30:29.000 And so they think that it's about Trump and the Democrats and Trump and whatever.

00:30:33.000 So going out and attacking him is not really a wise strategy.

00:30:36.000 I didn't put it out there to do that.

00:30:38.000 I put that out there to say, look, we've just got to be realistic.

00:30:41.000 And Trump is, you know, that is kind of the heart of the problem Trump does have this big following.

00:30:47.000 And when he doesn't do things and he does bad things, this has severe consequences for the rest of the movement.

00:30:53.000 It's preventing something to come up and, you know, maybe be better in its place.

00:30:58.000 And I don't know that there necessarily is anything better at the moment.

00:31:01.000 That's the trick.

00:31:03.000 There is no great alternative.

00:31:05.000 There is no, I mean, Ron DeSantis is good, but he's not better than Trump, honestly.

00:31:10.000 And there are some good people like Matt Gaetz and Marjorie Taylor Greene, but They're not as good as Trump, and they're not as big as Trump.

00:31:17.000 They can't replace Trump, at least not yet.

00:31:20.000 So, you know, all of this is to say there's some problems here.

00:31:26.000 They're just unsolvable at the moment.

00:31:28.000 Trump's still got the support of the party.

00:31:30.000 There's no one that can replace him.

00:31:32.000 There's no better alternative.

00:31:34.000 It's really not wise to attack him.

00:31:36.000 But I'm just leveling with you.

00:31:38.000 I'm just telling you realistically what my assessment of the situation, which is I don't think that Trump is really fit to overcome this stuff.

00:31:45.000 That being said, he's the only guy really left standing.

00:31:49.000 There's no viable alternative.

00:31:50.000 So, and no one.

00:31:52.000 No one can really cast him out or anything, and there's no successor.

00:31:56.000 There's no clear successor.

00:31:57.000 I don't think there even is a successor.

00:32:00.000 So, this is the way that it will be for a little while, but we've just got to know to ourselves that this is just, it's not going to work.

00:32:07.000 It's been pretty rough, and it's very frustrating.

00:32:10.000 And I'm so sick of this advisor stuff.

00:32:13.000 And, you know, well, Trump's got people around him, and I get that, and all of that is true, but, you know, we've been putting up with that for like five years.

00:32:21.000 And if Trump is just sort of, Hapless getting pushed around by bad advisors, it's like, okay, well, then we're functionally dealing with Jared Kushner, then we're functionally dealing with Jason Miller, we're functionally dealing with people that are not Trump and are much worse than Trump.

00:32:39.000 And if they're in control, well, that's a big problem.

00:32:42.000 So, anyway, so I just wanted to share that with you, kind of funny, but do follow me on Gab because it's entertaining.

00:32:49.000 But we're going to move on.

00:32:50.000 I want to get into the news here and talk about everything because it's already like half, half hour into the show.

00:32:54.000 I haven't even started the news, but.

00:32:57.000 Our first story is about this.

00:32:59.000 It's the update on this hack that happened.

00:33:02.000 Was that about a month ago?

00:33:03.000 I don't remember exactly the timeline, but everybody remembers it was in the month of May.

00:33:09.000 Colonial Pipeline, which is a major petroleum company in the United States, was the victim of a ransomware cyber attack by a hacker group called Darkseid, which is apparently located in Russia, and it was blamed on Russia.

00:33:25.000 If it wasn't sponsored directly by Russia, well, Russia harbored these people, something like that.

00:33:30.000 And we covered it.

00:33:31.000 It was a pretty consequential ransomware attack because, as a result of it, Colonial Pipeline had to shut down all of its pipelines, which were sending gasoline and other petroleum products to major cities like Atlanta, Washington, D.C., even as far as New York City.

00:33:48.000 And so, you had at one point 50% of the gas stations in Washington, D.C. were out of gas.

00:33:55.000 So, you had price spikes, gas shortages, gas stations with no gas at all.

00:34:00.000 And there was You know, people were talking about the fact that this could have a ripple effect on the whole economy and maybe create a nationwide fuel shortage.

00:34:08.000 Ultimately, Colonial Pipeline gave in to the ransomware attack.

00:34:12.000 They gave in to the demands.

00:34:13.000 They paid the ransom.

00:34:14.000 It was somewhere in the ballpark of, I think, $4 to $10 million.

00:34:18.000 And as a result of that, then this group called Darkseid released the information, right?

00:34:25.000 That's how a ransomware attack works.

00:34:27.000 They released the encrypted systems or information that was being held hostage, and Colonial Pipeline resumed its operations.

00:34:35.000 The U.S. government was not happy about that because they said that it's not prudent, obviously, for private companies or institutions to pay ransom.

00:34:42.000 You pay ransom and it incentivizes more ransom attacks, more ransom in the form of cyber and other ways, because at that point it tells criminals, hey, this works.

00:34:53.000 If you want a $5 million payoff, just do a ransomware attack, encrypt a major system, something vital like gasoline, like the meat, the attack on the meat processing plants, which happened, I think, last week.

00:35:07.000 And which I guess we're seeing more of, and that's supposed to be totally organic.

00:35:11.000 But that's why they don't want them to pay.

00:35:13.000 So, anyway, so Colonial Pipeline paid the ransom, and it turned out today the big development is that the FBI was able to recover some of the ransom money from the attacker group Darkseid, something like $2 million.

00:35:26.000 And it was pretty interesting how they did that.

00:35:27.000 This is the article.

00:35:29.000 It says The Department of Justice announced on Monday that it had recovered $2.3 million in cryptocurrency from criminal hackers who compromised a major U.S. pipeline in mid May that resulted in fuel outages and hoarding across the East Coast for six days.

00:35:45.000 The U.S. District Court for the Northern District of California issued a seizure warrant on Monday, allowing the DOJ to take action to confiscate a large chunk of the $4.4 million paid by Colonial Pipeline to the dark side ransomware operators who demanded payment in exchange for unlocking their victims' stolen digital files.

00:36:06.000 Lisa Monaco, who is President Biden's deputy attorney general, said in a press conference The sophisticated use of technology to hold businesses and even whole cities hostage for profit.

00:36:18.000 Is decidedly a 21st century challenge, but the old adage, follow the money, still applies.

00:36:23.000 Today we turn the tables on Darkseid.

00:36:27.000 According to U.S. intelligence officials, Darkseid is a criminal group operating somewhere in Russia that sells access to its malicious tools in exchange for a cut of the profits from successful extortions.

00:36:39.000 The FBI was able to track the destination of Colonial's payment in Bitcoin to a virtual wallet used by the criminal perpetrators, said Monaco.

00:36:47.000 A Twitter user said the Hashtag Bitcoin associated with ransomware, dark side, colonial pipeline hack went through the Californian servers of Coinbase and was likely seized by U.S. investigators there.

00:37:03.000 So, this is really something because if you know anything about how cryptocurrency works, apparently the ransom, I imagine, was paid in cryptocurrency.

00:37:13.000 Cryptocurrency can be anonymous, it's also something that can't be controlled by the government, the exchange of cryptocurrency, the ownership of cryptocurrency.

00:37:24.000 Is not something that could be controlled or molested by the state or by financial institutions.

00:37:31.000 Bank of America cannot stop me from sending someone in the audience Bitcoin.

00:37:36.000 The government cannot seize Bitcoin in the same way that they could go into a bank account or a stock brokerage account or go into your house and take physical cash.

00:37:47.000 They can't do it.

00:37:48.000 If they don't have access to the password, if they don't have access to the seed key or something, if they don't have access to the private keys, They cannot access the funds.

00:37:58.000 There's no override.

00:37:59.000 The way that it works with conventional assets is the FBI literally has a console and they log in and they can go into your bank account.

00:38:08.000 They could go into your whatever and they could just freeze it with the click of a button.

00:38:12.000 They have tools, they have access to all of that.

00:38:15.000 It doesn't work that way with Bitcoin.

00:38:16.000 So, presumably, this is how the transaction occurred.

00:38:20.000 A group that is dark side or buys the tools from dark side uses these hacking tools to encrypt.

00:38:28.000 Data or systems at Colonial Pipeline and says, Hey, give us the money, or we leak the information and we keep it encrypted.

00:38:35.000 Colonial Pipeline has to shut down its operations because so much of the system is encrypted, they don't want it to spread to other parts.

00:38:42.000 That shuts down their operations, creates lots of pressure publicly because there's a gas shortage and price spike, and people are hoarding, and it's dangerous and problematic for a lot of reasons.

00:38:54.000 Also, the ransomware group is leaking the information that they encrypted, which could be damaging from a PR point of view.

00:39:00.000 So eventually the company gives into the demands and sends Darkseid, or a group which has purchased Darkseid's tools, $4.4 million.

00:39:12.000 Now, this is where the story was supposed to have ended last month.

00:39:16.000 It was supposed to have ended by Colonial Pipeline giving the ransom to the hackers in the form of Bitcoin, and once the Bitcoin goes, it's gone.

00:39:25.000 If the Darkseid group is in Russia and Colonial Pipeline sends Bitcoin from America to Russia, unless the CIA can.

00:39:33.000 Break into somebody's house in Russia and find a slip of paper with the password written on it, unless they could break into Russia and steal the hardware, if it's a hardware wallet where the wallet is located.

00:39:45.000 They can't get access to the cryptocurrency.

00:39:47.000 There's no console they could get.

00:39:48.000 They can't hold up the transaction.

00:39:50.000 There is no way.

00:39:51.000 And they can't go in Russia because Russia is strong enough that it can resist America and it's independent that it won't concede to America.

00:40:00.000 So that's where the story should have stopped.

00:40:03.000 That they were saying about this was true, then that's where it should have begun and ended.

00:40:08.000 Colonial Pipeline sends the crypto, they get it in Russia, they have it in Russia, and now they're sitting on a massive multi million dollar fortune.

00:40:18.000 But the DOJ announces today that somehow they got the Bitcoin.

00:40:22.000 And so a lot of people said, and this sent the price of Bitcoin plummeting, and there was panic on social media and in the markets.

00:40:29.000 They said, the DOJ seized Bitcoin?

00:40:31.000 How is that possible?

00:40:32.000 It's not supposed to be possible.

00:40:35.000 The reason it's not possible is because.

00:40:37.000 The premise of cryptocurrency as a concept is that it is decentralized.

00:40:43.000 The entire premise is that unlike a financial institution like a bank or the US Treasury or like fiat money run by a central bank, it cannot be controlled or manipulated by a central authority.

00:40:58.000 The way that Bitcoin is transacted, and without getting into an extremely technical explanation, is that it relies on a network of computers across the world.

00:41:09.000 To process transactions and verify them by solving encryption puzzles, which are very difficult and require, it's basically a function of computational power.

00:41:20.000 That if you have a certain amount of electricity and a certain amount of computational power, then you can solve transactions.

00:41:27.000 And the network of those computers is so large and their verification power is so strong as a result of that, that in order to manipulate where Bitcoin resides and which wallets and basically the accounting, And the transacting of Bitcoin, you would have to have more computing power than a large percentage of all the computers in the world that are processing Bitcoin transactions, which is impossible.

00:41:52.000 Because you're talking about millions and millions of machines across the world, some owned by financial institutions, some owned by states, consumers, companies, and so many of them that there just is not enough electricity, there are not enough computers, there's not enough GPUs, there's not enough in the world for any individual person or actor.

00:42:14.000 To overpower the blockchain and manipulate it.

00:42:16.000 So people said, Is this a fatal flaw in blockchain?

00:42:19.000 Is this a fatal flaw in Bitcoin that somebody would be able, the DOJ would be able to manipulate the money?

00:42:27.000 That's one of the central advantages of cryptocurrency over a conventional currency is that it cannot be manipulated in that way.

00:42:36.000 And people said, Well, did they get it some other way?

00:42:38.000 Did they hack the password?

00:42:40.000 That's not possible.

00:42:42.000 The passwords for Bitcoin are notoriously impossible to, you can't just guess it.

00:42:46.000 It's not something that you can.

00:42:48.000 Brute force your way into.

00:42:50.000 In other words, this is something that should be impossible, and if it is, Bitcoin should be at zero dollars.

00:42:55.000 It should not be able to happen.

00:42:57.000 So, people said, well, then how is the DOJ claiming that they have all this money?

00:43:01.000 It shouldn't be possible.

00:43:03.000 It's just not possible that they were able to take millions of dollars in cryptocurrency from crypto wallets in another country.

00:43:11.000 There's just no way.

00:43:12.000 And then, like I said earlier, journalists did some digging, as it said in this tweet, and they found out that the DOJ didn't seize a cryptocurrency wallet.

00:43:21.000 They went into a Coinbase exchange and they seized the cryptocurrency there.

00:43:28.000 Now, an exchange is very different from.

00:43:31.000 A Bitcoin wallet.

00:43:32.000 An exchange is centralized.

00:43:35.000 And somewhere on Coinbase servers, you've got an accounting of Bitcoin and Ethereum and all the different cryptocurrencies.

00:43:47.000 And when you have your assets on Coinbase, you don't hold the keys to your private wallet.

00:43:51.000 You don't hold your password.

00:43:53.000 You don't really have your crypto.

00:43:55.000 Coinbase has your crypto.

00:43:57.000 Coinbase has the crypto and Coinbase has the fiat.

00:43:59.000 It has the cash so that people can buy and sell and trade different cryptocurrencies.

00:44:06.000 And it was at that point where the FBI and the DOJ were able to intercept it.

00:44:12.000 That was the point of failure.

00:44:14.000 It was an exchange, which is a centralized place under the jurisdiction of the US government.

00:44:19.000 It wasn't on a wallet, it wasn't somewhere else.

00:44:23.000 And of course, this, so non technical people may not understand all of this.

00:44:28.000 But basically, all you have to understand is this there is an easy way that this could have been prevented if you know the first thing about Bitcoin.

00:44:35.000 The Bitcoin could not have been seized if they knew the first thing about Bitcoin, which is keep it.

00:44:40.000 On a paper cold storage wallet.

00:44:44.000 Don't write down your keys anywhere, right?

00:44:45.000 I mean, that's like the best way to do it.

00:44:48.000 There's a very simple and straightforward way once you have the cryptocurrency to make sure that nobody can take it, to make sure it's impossible that anybody could take it.

00:44:55.000 And this is, like I said, you could go on any cryptocurrency guru's Twitter timeline, and that's one of the first things they'll tell you.

00:45:02.000 You could watch any What is Bitcoin video on YouTube, and that is one of the first things that they'll say.

00:45:07.000 They'll say, check out Skillshare.

00:45:09.000 And hey, and the first most important thing about Bitcoin is do not.

00:45:13.000 Do not let an exchange control your private keys.

00:45:16.000 It's like the first thing that you should learn about cryptocurrencies do not leave it on the exchange, especially not millions of dollars when you're a criminal syndicate.

00:45:25.000 But yet, they put their cryptocurrency on American soil, on American servers of an exchange.

00:45:34.000 And if these are supposed to be crack computer experts, world class hackers that brought the American economy and government to its knees and forced a ransom payment of $4 million, why would they do something like that?

00:45:48.000 If this was an extremely sophisticated hacker group that was able to do that, you know, if it wasn't so sophisticated, don't you think this would happen all the time?

00:45:59.000 We're supposed to believe that this is the result of advancing technology and these are experts that we have no control over and this is a big problem.

00:46:06.000 Well, okay, if this is such a sophisticated thing, if this is so, wow, this is really complex.

00:46:11.000 Well, if it's so sophisticated and complex that they were able to pull this off, they know so much about hacking and computers and all of that.

00:46:19.000 It's 21st century warfare.

00:46:21.000 Then, why did they leave their Bitcoin on an American exchange, on American servers in California, subject to the jurisdiction of the U.S. Department of Justice and the FBI?

00:46:33.000 I mean, why would they do that?

00:46:34.000 There's just no explanation.

00:46:36.000 And this leads me to believe, if I wasn't convinced already, that the whole thing was a fraud.

00:46:42.000 The hack, the ransom, the alleged involvement of a group based in Russia, that leads me to believe that the whole thing was a story because that makes no sense.

00:46:54.000 If what they were saying is true about a group located in Russia, that should have been the end of the story.

00:46:59.000 They should have gotten their money and been long gone.

00:47:03.000 Nobody who could launch an attack like that would leave their cryptocurrency on a Coinbase exchange on American servers in America.

00:47:11.000 It just wouldn't be done.

00:47:13.000 And so something like that shows you that it's either something that's impossibly sloppy and careless.

00:47:19.000 I don't know how you could even make that mistake.

00:47:21.000 Or, much more likely, This is because it was not a highly sophisticated group that did this.

00:47:27.000 It was the U.S. government.

00:47:28.000 It was elements inside the U.S. government, which maybe they bought the tools from Darkseid.

00:47:33.000 Maybe they had collaboration with hackers.

00:47:35.000 But nevertheless, these are people that are spooks.

00:47:38.000 These are people that are in some form on the payroll of the U.S. government.

00:47:43.000 And they engineered this whole thing.

00:47:45.000 And you might ask, well, why would they do that?

00:47:47.000 Why would they shut down fossil fuels?

00:47:50.000 Why would they shut down the gasoline and create a gas shortage?

00:47:54.000 And Why would the Biden administration hurt itself?

00:47:57.000 Well, there's a few very good reasons for this.

00:47:58.000 Number one, because they want to create tensions with Russia.

00:48:04.000 They hate Russia.

00:48:05.000 They want a war with Russia.

00:48:07.000 They want to shut down the Nord Stream 2 pipeline.

00:48:09.000 They want to prevent Russia and China from forming a coalition that threatens American hegemony over the world.

00:48:17.000 So they want to create tensions with Russia. 0.58

00:48:19.000 They want to fabricate a crisis.

00:48:21.000 And this is what they've done for decades now fabricate a diplomatic crisis with Russia to prevent us from working with them, to Give us a pretext for sanctions against Russia, hostilities towards Russia, to keep NATO states within our orbit as opposed to becoming closer with Russia.

00:48:41.000 But maybe even bigger than that is this is a part of an all out assault on Bitcoin.

00:48:45.000 And this is something which maybe went unnoticed.

00:48:47.000 And I read about this on dailywire.name.

00:48:50.000 The World Economic Council, who are the ones behind the Great Reset and Build Back Better and all of this COVID stuff, these are the people behind Davos.

00:49:00.000 That big meeting in Switzerland with all the big companies and all the world governments and all the influential people.

00:49:07.000 They had a symposium earlier this year talking about how the next pandemic will not be COVID, but it'll be a cyber attack pandemic.

00:49:17.000 And you could go, it's on their website.

00:49:20.000 Is it the World Economic Forum or the World Economic Council?

00:49:23.000 I always get it mixed up.

00:49:24.000 But the Davos Group, World Economic Council, they put together a symposium, and this is a little bit of foreshadowing, don't you think?

00:49:32.000 Comparing.

00:49:34.000 And I'm not saying this like they say, well, we just went through the COVID pandemic.

00:49:40.000 We had a pandemic that was biological, and a biological virus spreads by vectors like coughing and sneezing and so on.

00:49:46.000 And this has caused so many problems.

00:49:49.000 We were prepared for this, but not prepared enough.

00:49:51.000 Well, there's another pandemic which is similar a computer virus.

00:49:55.000 A ransomware attack could spread like a virus, could spread like COVID, and we're not prepared for that.

00:50:00.000 We need to get prepared for the next.

00:50:03.000 Isn't that kind of curious?

00:50:04.000 Before.

00:50:06.000 The cyber attack on the, what was it, JB meatpacking people in Brazil, before the attack on the meat processors, which happened a week ago, before the cyber attack that happened on Colonial Pipeline last month, the World Economic Council, which is behind Great Reset and Build Back Better, behind all these prescriptions for vaccine passports and lockdown mandates and everything like that over the past year, they say that the next COVID is going to be cyber attacks.

00:50:34.000 Well, that's really coincidental.

00:50:36.000 That is really convenient.

00:50:39.000 That they knew in advance exactly what the threat would be, exactly what the next pandemic would be, the next 21st century threat that we would have to respond to.

00:50:50.000 They knew about coronavirus back in October 2020 or 2019, right?

00:50:57.000 Bill Gates and the World Health Organization were running simulations about a SARS CoV 2 outbreak, a novel coronavirus outbreak.

00:51:05.000 And then lo and behold, there it was.

00:51:09.000 The U.S. government in China knew about the coronavirus before the Chinese did, in new records show in late 2019.

00:51:19.000 And now the World Economic Council knows about the cybersecurity pandemic.

00:51:24.000 Seemingly before it happens, it seems to be underway, and they knew about it earlier this year.

00:51:30.000 And pretty on the nose, they compared it to COVID.

00:51:33.000 And we have to respond to it in the same way.

00:51:34.000 We have to overall the system in the same way.

00:51:36.000 So I think maybe more primarily, this is not about Russia, although that's always an undercurrent.

00:51:41.000 Blame everything on Russia.

00:51:43.000 We could always use another excuse to hurt Russia.

00:51:46.000 But what's more is this is an attack on cryptocurrency.

00:51:50.000 It's a full on assault from regulatory agencies, full on assault from this geopolitical point of view, which is probably the work of U.S. intelligence.

00:51:59.000 They are going all in on attacking Bitcoin.

00:52:02.000 And the reason they're going after Bitcoin is because they can't control it.

00:52:06.000 They can't control Bitcoin.

00:52:07.000 Bitcoin is a way that elements can be financed and become wealthy and powerful that the U.S. government has no control over.

00:52:15.000 And no way to monitor, and no way to.

00:52:17.000 I mean, they try to monitor it, don't get me wrong.

00:52:19.000 There's forensics teams, forensic accounting that could put all that together.

00:52:22.000 But with the advent of things like Monero and other privacy coins, at the end of the day, it's about control control the money, control the world.

00:52:32.000 Control the supply of the money, the exchange of the money, the accumulation of the money, and the storage of the money, and you control the whole thing.

00:52:40.000 How can you become politically powerful if you don't control money, if you don't control your own money, if you can't raise money?

00:52:47.000 And that is what they fear about Bitcoin this is something that is out of reach and out of sight of the feds.

00:52:54.000 So now they're going to regulate it, now they're going to go after it, now they're going to put intelligence on it, and they're going to ostracize it so that this never challenges the US dollar and never becomes.

00:53:05.000 A way where people can become independent from their control and oversight.

00:53:10.000 So that's the situation on the hacking.

00:53:11.000 It's very consequential.

00:53:12.000 It's a big deal that they did this.

00:53:14.000 Most people are not going to read this follow up story and see what a hoax this is.

00:53:19.000 Because if you know the details about this, you say, wow, what an obvious hoax.

00:53:23.000 What an obvious spook operation.

00:53:25.000 Could it glow any harder?

00:53:29.000 That the alleged Russian hackers left their cryptocurrency on a Coinbase exchange in California?

00:53:37.000 We're supposed to believe that.

00:53:37.000 Really?

00:53:39.000 I mean, nobody's really going to know about that.

00:53:39.000 Nobody will know.

00:53:42.000 And nobody's going to put too much thought into that.

00:53:43.000 And nobody in the media is going to tell people to think about that.

00:53:46.000 Nobody in the media is going to say, wow, isn't that fishy?

00:53:48.000 It was probably the CIA.

00:53:50.000 But nevertheless, this is the case.

00:53:53.000 And this is going to form the basis of potentially a cyber pandemic or some kind of a crackdown on cryptocurrency because of it.

00:54:03.000 So that's that.

00:54:04.000 We're going to move on.

00:54:04.000 I want to talk about the IRS data, kind of related.

00:54:08.000 The only people in this country that can get rich are the rich.

00:54:12.000 That's it.

00:54:13.000 The only people that can become rich and remain rich are people that are already rich and people that are approved by the system.

00:54:21.000 You can't get rich in this country anymore.

00:54:22.000 You can't get rich through cryptocurrency.

00:54:24.000 You can't make a lot of money anymore.

00:54:26.000 You can't start a great big business.

00:54:30.000 Or at least it is exceedingly, exceedingly difficult for a normal average person to become comfortable.

00:54:36.000 There are some people that they figure out like, uh, Drop shipping or whatever on Amazon.

00:54:41.000 They do arbitrage or whatever.

00:54:43.000 They do e commerce.

00:54:44.000 There are some people that can come up with these hustles and schemes on the internet to make themselves a fortune.

00:54:50.000 And some people got lucky off of cryptocurrency, but as I just expressed, you know, that's on its way out potentially.

00:54:57.000 But if you're talking about your average person, it's basic things like home ownership are out of the question.

00:55:03.000 And basic things like being able to afford health care, out of the question.

00:55:09.000 Having savings as opposed to living paycheck to paycheck, out of the question.

00:55:13.000 I'm not saying it's impossible for a You know, a small percentage of people to do really, really well, and people that have always been clever and would succeed maybe in any climate to succeed.

00:55:23.000 We're talking about your average or maybe above average person.

00:55:26.000 How could people like that get to a level that's even comfortable, even modestly successful?

00:55:31.000 I'm not talking about like Bill Gates rich.

00:55:35.000 I'm talking about as rich as their parents, as rich as their grandparents.

00:55:38.000 That is impossible.

00:55:39.000 And there's new IRS data that shows why this is the case, shows a little bit about this dynamic.

00:55:46.000 According to a new report from ProPublica using data from the IRS, it shows that the richest Americans, and I'm not talking about millionaires, I'm talking about the top 25 richest Americans, which are multi, multi billionaires, centi billionaires.

00:56:03.000 They have hundreds or sometimes more than $100 billion.

00:56:09.000 Top 25 richest people in the world, according to this report, in some cases pay zero.

00:56:16.000 Income tax at all.

00:56:18.000 You have a net worth of $180 billion like Jeff Bezos, and in multiple years over the past decade, he paid nothing in income tax.

00:56:28.000 How do you become tens of billions of dollars richer, $100 billion richer in the span of five years and pay zero income tax in those years?

00:56:39.000 You make $100,000 and you pay income tax.

00:56:43.000 You make $100 billion in five years and you don't pay income tax for two or three of those years, really?

00:56:50.000 And then, when they looked at the tax that the top 25 did pay on the years when they paid some income tax, it showed that they paid an effective rate of, in one case, 0.1%.

00:57:05.000 Warren Buffett, compared to his real wealth accumulation, his real income, paid 0.1% on that, meaning that he paid a dime.

00:57:16.000 He paid a dime for every $100 that he made.

00:57:20.000 He makes tens of billions of dollars.

00:57:22.000 He's like $25 billion in a year, and he'll pay a dime on every $100.

00:57:29.000 And so, this is the report.

00:57:30.000 It's very, very interesting.

00:57:31.000 We all knew this.

00:57:32.000 Does this really come as a surprise?

00:57:34.000 Of course, nobody's surprised by this.

00:57:35.000 Of course, this is obvious.

00:57:37.000 Everybody knows that.

00:57:38.000 But there's an important point to make about this it's about a very specific class of people.

00:57:44.000 We are not talking about millionaires.

00:57:46.000 Newsflash millionaires are really not that rich.

00:57:51.000 Millionaires are really not that powerful.

00:57:53.000 Millionaires are really not the elite.

00:57:55.000 You know who's a millionaire?

00:57:58.000 A lot of average professionals living in a major city like New York City or LA or Chicago.

00:58:04.000 And you kind of have to be with the cost of living there.

00:58:08.000 There are a lot of millionaires that live a very modest life.

00:58:12.000 Because of inflation, it's not what it used to be 20 years ago, 30 years ago, 50 years ago.

00:58:19.000 To have a few million dollars, To even be in tens of millions of dollars.

00:58:26.000 You're getting into richer territory there, too.

00:58:28.000 But you're also talking about a group of people which has millions of people inside of it in America.

00:58:33.000 You're talking about lots of people that don't really have a lot of institutional power.

00:58:37.000 They have more money than most, and they're comfortable and everything.

00:58:42.000 But a lot of these people, you could say they're successful small business owners.

00:58:45.000 They're people that invested in real estate.

00:58:47.000 They're people that got lucky with stocks or cryptocurrency.

00:58:50.000 But this is not generational wealth.

00:58:52.000 These are not people that are, you know, pulling the strings.

00:58:56.000 These are not people that are dining with the president and, you know, controlling world governments and things.

00:59:00.000 Think about it this way Sheldon Adelson gave $100 million in political donations in 2016.

00:59:09.000 Gave!

00:59:10.000 Gave $100 million.

00:59:12.000 That means that.

00:59:13.000 He has enough money that he could give $100 million with no return, with no immediate direct financial return.

00:59:21.000 Somebody with $5 million is the elite.

00:59:24.000 Sheldon Adelson gave $100 million in 2016.

00:59:28.000 He gave, like, I think $80 million in 2018.

00:59:30.000 He gave a comparable sum in 2020.

00:59:33.000 He gives numbers like that every two years.

00:59:36.000 And people like Michael Bloomberg are capable of doing this.

00:59:38.000 People like Bezos and Elon Musk and Bill Gates and all of these people are capable of doing this.

00:59:46.000 And it's truly the billionaires that are the sponsors of the different political factions.

00:59:51.000 And I'll tell you something, even the low billionaires, you know, we call them low billionaires.

00:59:56.000 Somebody with less than $10 billion is still not considered actually a true power player.

01:00:04.000 Somebody with $2 billion can't invest $100 million into a political campaign the same way that somebody with $100 billion can or $50 billion can.

01:00:13.000 So it's about orders of magnitude.

01:00:16.000 This is a very important point because.

01:00:18.000 The left will say, we need to tax the rich.

01:00:21.000 And so Joe Biden as president says, well, don't worry, I won't raise taxes on anybody making less than $400,000 per year.

01:00:29.000 $400,000 per year?

01:00:33.000 Jeff Bezos makes $50 billion per year in some years.

01:00:37.000 $50 billion!

01:00:39.000 But we're supposed to say, oh, good thing he won't raise taxes on anybody making less than $400,000 per year.

01:00:46.000 You know, Bernie Sanders is millionaires and billionaires.

01:00:49.000 And people say, well, Bernie, you're a millionaire.

01:00:51.000 You have three houses.

01:00:52.000 And he says, well, that's not really the same.

01:00:54.000 And honestly, it's true.

01:00:56.000 It really isn't the same.

01:00:58.000 To have millions of dollars and have a few houses, now that's rich, that's comfortable, that's a better life than 99.9% of the people in the world.

01:01:07.000 But that just does not get to the true power dynamics in the country.

01:01:10.000 So when we talk about this report, this is a very important dynamic to understand.

01:01:16.000 What's being pushed right now under the guise of eat the rich, what it really amounts to is eat everyone except for the rich.

01:01:23.000 Eat everyone except for the wealthiest of the wealthy.

01:01:27.000 Eat the middle class, eat the upper middle class, eat people that have maybe retired, people that are like 70 years old and have worked their whole lives and accumulated lots of money, and now they could be considered properly rich.

01:01:41.000 We're eating those people.

01:01:42.000 We're eating people that finally got out of the rat race.

01:01:45.000 We're eating people that are entrepreneurs and made themselves a modest fortune.

01:01:49.000 But you know who remains completely protected are the people that actually call the shots, the actual rich.

01:01:56.000 The richest, the top 1% of the top 1% of the top 1%.

01:02:00.000 Those are the people that are going to be just fine and always are.

01:02:04.000 And that's what the report says.

01:02:06.000 It says ProPublica has obtained a vast trove of IRS data on the tax returns of thousands of the nation's wealthiest people covering more than 15 years.

01:02:16.000 The data provides an unprecedented look inside the financial lives of America's titans, including Warren Buffett, Bill Gates, Rupert Murdoch, and Mark Zuckerberg.

01:02:27.000 Excuse me, it shows not just their income and taxes, but also their investments, stock trades, gambling winnings, and even the results of audits.

01:02:34.000 Taken together, it demolishes the cornerstone myth of the American tax system that everyone pays their fair share and the richest Americans pay the most.

01:02:43.000 The IRS records show that the wealthiest can perfectly legally pay income taxes that are only a tiny fraction of the hundreds of millions, if not billions, that their fortunes grow every year.

01:02:55.000 America's billionaires avail themselves of tax avoidance strategies beyond the reach of ordinary people.

01:03:00.000 Their wealth derives from the skyrocketing value of their assets like stock and property.

01:03:06.000 Those gains are not defined by U.S. laws as taxable income unless and until the billionaires sell.

01:03:13.000 According to Forbes, those 25 people saw their worth rise a collective $401 billion from 2014 to 2018.

01:03:22.000 They paid a total of $13.6 billion in federal income taxes in those five years.

01:03:29.000 That amounts to a true tax rate of only 3.4%.

01:03:33.000 So their wealth goes up by $400 billion.

01:03:37.000 They pay $13.6 billion in taxes.

01:03:40.000 They paid 3% on what they made.

01:03:45.000 So if you make $100,000, maybe you'll pay $22,000.

01:03:53.000 That's 22%.

01:03:56.000 If your gross income is $100,000, that's your income.

01:04:00.000 That's your revenue.

01:04:04.000 That's not your profit, in the sense that if you go and you get a W 2 that says you get $100,000, You still have to pay your bills, your mortgage.

01:04:13.000 Maybe when all is said and done, after all your expenses are taken care of, maybe you've got, I don't know, $50,000.

01:04:21.000 But you're not taxed on what you keep, you're taxed on what you made, you're taxed on what you got coming in, your income.

01:04:29.000 And so the government may tax you $22,000 or something if you make $100,000, somewhere around there, $20,000 to $25,000, depending on certain factors.

01:04:39.000 So you pay between 20% and 25%.

01:04:42.000 That being said, you have spent maybe $50,000 or something.

01:04:46.000 So, what do you save?

01:04:47.000 You may save roughly the same or less than what you paid in taxes.

01:04:52.000 So, you go out and you work for a year.

01:04:55.000 And if you're a wage employee, for the most part, you're not getting great dividends unless you're a really prudent, frugal kind of a person.

01:05:03.000 You're not going to be investing crazy amounts of money and getting crazy amounts of investment income.

01:05:07.000 Most people just go to their job and they work their job and they come home, and that's kind of it.

01:05:11.000 Besides your retirement and things like that, that's it, that's their income.

01:05:15.000 The government's going to take it, they spend it, and what they'll have left over when all is said and done, what they have to show for a year's work besides surviving, besides paying for the roof over their head, the food in their mouths, their transportation, their insurance, their wife and kids, whatever, they may save, they may profit and accumulate an amount that is equal to or less than the amount that they paid the government.

01:05:39.000 In the case of the billionaires, they accumulate $400 billion between these 25 of them over four years.

01:05:48.000 And they pay 3% of that.

01:05:50.000 So think of it.

01:05:53.000 An average person making $100,000, let's use clean numbers.

01:05:57.000 Let's say they pay $20,000 in taxes, they have $80,000 left over.

01:06:01.000 Let's say they spend $50,000.

01:06:03.000 They're a frugal person over the course of the year.

01:06:06.000 They've got $30,000 left over.

01:06:08.000 So they make $100,000, they pay $20,000 in taxes, they accumulate $30,000 in wealth.

01:06:15.000 On net, that's what they get to keep for the year.

01:06:17.000 They get $30,000 richer over the year, even though they have a 100,000 coming in, it could be deceptive.

01:06:22.000 They only really profit 30,000.

01:06:24.000 The billionaires make 400 billion over a year.

01:06:28.000 They pay, again, let's just be clean.

01:06:31.000 Let's round up and say 15.

01:06:32.000 They pay $15 in taxes and they are $385 billion richer.

01:06:39.000 That's their net gain.

01:06:42.000 The loss from their revenue to their accumulation is 3%.

01:06:50.000 For an American, you go from $100,000 in revenue after expenses and tax to $30,000.

01:06:58.000 It's 70% is lost.

01:06:59.000 With billionaires, it's 3%.

01:07:04.000 And that's not a perfect breakdown, but it's an oversimplification.

01:07:07.000 But it's meant to illustrate exactly how the rich are getting richer and the poor are staying poor.

01:07:13.000 If you are making your money primarily through income, you are not accumulating wealth unless you're making a lot more than you're spending.

01:07:22.000 And even still, the government's taking a lot more from your income than they're taking proportionally to how the rich make their money.

01:07:29.000 It says the revelations provided by the IRS data come at a crucial moment.

01:07:35.000 Wealth inequalities become one of the Defining issues of our age.

01:07:38.000 The President and Congress are considering the most ambitious tax increases in decades on those with high incomes, but the American tax conversation has been dominated by debate over incremental changes, such as whether the top tax rate should be 39.6% rather than 37%.

01:07:55.000 ProPublica's data shows that while some wealthy Americans, such as hedge fund managers, would pay more taxes under the current Biden administration, the vast majority of the top 25 would see little change.

01:08:08.000 And this is why this is the case.

01:08:11.000 This is a little insight into why this occurs.

01:08:15.000 It says if you own a company and take a huge salary, you'll pay 37% in income tax on the bulk of it.

01:08:22.000 Sell stock and you'll pay 20% in capital gains and lose some control over your company.

01:08:28.000 Take out a loan against your stock, against your assets, and these days you'll pay a single digit interest rate and no tax.

01:08:38.000 Since loans must be paid back, the IRS doesn't consider them income.

01:08:42.000 Bigs typically require collateral, but the wealthy have plenty of that.

01:08:45.000 This is why it is the way that it is.

01:08:48.000 So it's all about how you make your money, how you make and spend your money.

01:08:53.000 If you're an average worker, you make your money through income.

01:08:56.000 If I graduate from college and I get hired out of college by a big company, this is, by the way, how they tell you to do it right.

01:09:02.000 This is how you're supposed to do it.

01:09:03.000 You go to college, you get into debt, you get a degree, you go out into the workforce, you get a high paying job, high paying wage, W 2 job, and you get paid a salary every year with the hope that.

01:09:15.000 You will get promoted over time.

01:09:17.000 You can build a career or that you can get hired at another company.

01:09:21.000 And then over time, you will make a high enough income that after taxes and after debt, you will have a nice sum of money to live off of.

01:09:31.000 You'll have enough money to buy nice things and you'll have enough money to accumulate wealth after all is said and done.

01:09:38.000 But this is a pretty difficult way to accumulate wealth because all the money that's coming in is being taxed at a rate, if you're making lots of money, at close to 40%.

01:09:48.000 The government is taking.

01:09:49.000 Close to half of your money when all is said and done.

01:09:52.000 If you got state income tax, you know, in Illinois, I pay five, close to 5% state income tax.

01:09:58.000 Federal income tax, the top tax bracket is 39.6%, but it's, you know, 35, 36% if you make less than that, than the highest bracket.

01:10:08.000 So if you go out and you win the lottery, you go to a great school, you go in a lot of debt to get your nice degree, you get a great job out of college, you may make a decent salary, but the government's going to take a lot of it.

01:10:20.000 The state is going to take a lot of it.

01:10:22.000 You know, presumably, if you work really hard, you're going to want to afford nice things, which means a big mortgage, which means a nice car, which means a big car payment and nice health care.

01:10:33.000 And so lots of expenses.

01:10:34.000 And then what you have left over is what you accumulate in wealth.

01:10:38.000 If you make your money through selling stocks, you pay a rate of 20% for capital gains, which they want to double, by the way.

01:10:45.000 Some people will get rich in their life by, you know, if they save their money after their income tax, after their expenses, they'll invest their money into stocks.

01:10:55.000 Into cryptocurrency, into bonds, or something like that.

01:10:58.000 And some people, I think foolishly, day trade and they sell things every day.

01:11:02.000 And every time they sell something, they're taxed 20% on the profit.

01:11:06.000 If I today go on to Charles Schwab and I buy Apple stock at $100 and I sell it $120 later in the week, you know, there's some big fluctuation, I make $20, I'm paying 20 points on that.

01:11:20.000 And they want to double that.

01:11:21.000 They want to make me pay 40% on that if I do that.

01:11:25.000 And if you.

01:11:26.000 If you buy something and you hold it for longer than a year, you pay slightly less.

01:11:30.000 I think you pay 15% for long term capital gains if you hold your assets for a year, but still you're paying 15%.

01:11:37.000 So you make income, you pay 40 on that, roughly, if you make the most.

01:11:41.000 You pay something like 15% to 40%, depending on your tax bracket.

01:11:45.000 You invest it, you sell in the short term, you pay 20 points on that, but they want to double it.

01:11:50.000 If you hold it for longer than a year, you pay 15%, but again, they want to double it, so really more like 30.

01:11:56.000 If you are very, very rich, Like Jeff Bezos, what you can do is without selling your stock, without giving yourself an income, you own the stocks, you can borrow cash against your stocks.

01:12:11.000 So Jeff Bezos can say, Here, you could go to a bank and say, I have all of these shares of Amazon, which are worth billions.

01:12:21.000 Can I borrow money against these stocks as collateral?

01:12:26.000 And if I don't pay back the cash, in other words, can I borrow this cash?

01:12:30.000 I'll pay you back.

01:12:31.000 And if I don't pay you back, you can have the stocks.

01:12:33.000 And the bank says, sure.

01:12:35.000 Now, with a loan, it's not just free money.

01:12:36.000 You have to pay interest.

01:12:37.000 But what are the interest rates in the country?

01:12:39.000 The interest rates are near zero, and they have no plan on raising them.

01:12:42.000 So the interest rates are in the single digits.

01:12:45.000 You could get a decent loan for like 3% or something, sometimes less than that.

01:12:51.000 So you can borrow money from the bank, and that's your cash without selling your stocks and without even using your company to pay you an income, without even using your company to pay yourself a salary.

01:13:03.000 You can use your stocks to get the bank to loan you money.

01:13:07.000 And because a loan is not income, you're getting money from the bank through your assets.

01:13:12.000 So you're sort of, you know, you're leveraging your assets, but you don't have to pay tax on the money that you get from a loan.

01:13:22.000 If anything, you pay back your loan, you pay your interest, you can write the interest off on your taxes.

01:13:27.000 So they're reducing their tax burden from the cash that they get from their assets.

01:13:33.000 You're Jeff Bezos.

01:13:35.000 You start Amazon, Amazon goes great.

01:13:37.000 You accumulate billions and billions of dollars because of the appreciating price of the stock.

01:13:41.000 But the only taxable event occurs when you sell the stock.

01:13:45.000 If Jeff Bezos starts a company and he owns all the stock and the stock appreciates in value, that's technically unrealized gain.

01:13:54.000 It goes from zero to now it's worth something like $1,300 or something.

01:13:57.000 I haven't checked the price recently.

01:13:59.000 And for every share that he owns, it's worth that much money.

01:14:02.000 But it doesn't become a taxable event.

01:14:05.000 You can't tax it until a sale happens.

01:14:08.000 So he has all of these accumulated, all this accumulated wealth in the form of shares in his company.

01:14:13.000 He doesn't use the company's revenue to pay himself a salary or an income.

01:14:18.000 He doesn't sell the stocks to get himself an income like some people assume.

01:14:22.000 He uses those assets to borrow cash from the bank against the assets.

01:14:28.000 So he's converting his wealth into cash without creating a taxable event.

01:14:34.000 He's taking wealth, which is not liquid, which you can't, hi, here's a stock of Amazon.

01:14:38.000 Can I have a cheeseburger?

01:14:39.000 It doesn't work like that.

01:14:40.000 He's using his wealth and assets as leverage to get cash out of it, right?

01:14:46.000 Taking the wealth, converting it into cash without doing any kind of a transaction, which would be.

01:14:53.000 Which would be a salary, a W 2, a 1099, which would be capital gains.

01:15:01.000 So he's able to have access to something like $10 billion in liquidity.

01:15:05.000 He's able to have access to $10 billion in cash without selling any of the stock and without getting an income and therefore reporting no income and therefore reporting no tax, reporting no taxable gross income.

01:15:20.000 And better yet, then there's the added benefit of.

01:15:23.000 He pays back the interest on that.

01:15:25.000 Let's say he borrows $10 billion from the bank in cash.

01:15:28.000 He pays the loan back.

01:15:29.000 He pays interest on the loan, the three points, whatever it is, whatever the favorable interest rate you would get at borrowing $10 billion with Amazon stock.

01:15:38.000 And he gets to write that off the money that is taxable.

01:15:42.000 So that is how they play.

01:15:44.000 Now, can you as an American do that?

01:15:46.000 Can you go out?

01:15:47.000 Most Americans don't have assets.

01:15:49.000 Why don't they have assets?

01:15:51.000 Because they get taxed and their wages are going down.

01:15:55.000 What we have is a completely rigged system where if you are rich, you can't lose.

01:16:00.000 If you're not rich, you can't win.

01:16:02.000 That's how that works.

01:16:04.000 Because if you're rich, you have access to all the cash that you want without it being touched, without being so much as touched by the IRS or regulatory agency or anything like that.

01:16:17.000 You can take the accumulated assets, turn it into cash, no problem.

01:16:21.000 If you do not have assets, there's no way to do that.

01:16:26.000 If you graduate from college $100,000 in debt, Guess what?

01:16:30.000 You don't, I mean, you're spending that money on your education.

01:16:34.000 You're paying that back to your educational institution.

01:16:38.000 You can't go to the bank and say, hey, can I borrow $100,000 off of, you know, me maybe getting a degree?

01:16:47.000 And then even if you borrowed all that cash, you couldn't pay it back.

01:16:53.000 Because then to pay it back, you would need some kind of an income.

01:16:58.000 So, in other words, normal people don't have wealth to do that.

01:17:02.000 Normal people.

01:17:03.000 The way that they can make money, if you don't already have money, is to make income or to make profit by investing.

01:17:11.000 And the only way to make a profit by investing for Americans is to buy and sell eventually.

01:17:19.000 But most people don't create Amazon, which dominates all e commerce.

01:17:23.000 Most Americans don't create companies that, you know.

01:17:26.000 So, in other words, the only people that are getting taxed are people that are working class all the way up to everybody.

01:17:34.000 Except for the richest of the rich.

01:17:36.000 You can afford to do these convoluted schemes.

01:17:40.000 And no amount of tax increases are going to change that.

01:17:43.000 Understand, increasing the income tax does not change anything I just told you.

01:17:48.000 If anything, it makes it worse.

01:17:50.000 That's the thrust here.

01:17:51.000 As Biden gets into office saying, we're going to make the rich pay their fair share.

01:17:54.000 How?

01:17:55.000 Well, we're going to raise the capital gains tax.

01:17:57.000 We're going to raise the income tax.

01:17:58.000 We're going to raise the corporate tax.

01:18:00.000 How is that going to take any more money from Jeff Bezos?

01:18:04.000 None of that increases the taxes.

01:18:07.000 On the source of his liquidity, which is loans.

01:18:12.000 He still is not, I mean, that's why he's not paying tax now.

01:18:16.000 If he were paying those taxes now, he'd be paying more than zero.

01:18:20.000 If he were paying tax on capital gains, if you were paying tax on income, substantial tax, if you were paying tax on those things, then he'd already be paying those things.

01:18:32.000 And you could increase them and you get more of it.

01:18:33.000 But, you know, zero times two is still zero.

01:18:37.000 Zero times 0.35 is still zero.

01:18:41.000 Zero times 0.4 is still zero.

01:18:43.000 It doesn't matter.

01:18:44.000 What the percentage of zero is, it's still zero.

01:18:46.000 And of course, Jeff Bezos doesn't pay zero in income tax every year, and he doesn't pay zero in capital gains every year.

01:18:53.000 But the primary source of his money is the appreciation of his assets and then borrowing against those assets to fund his lifestyle.

01:19:00.000 That's where he's able to mobilize and use his wealth.

01:19:04.000 And how is that really fair?

01:19:06.000 How is that fair that, you know, if we're all forced to pay tax and we all have to pay our fair share because we all benefit from like the roads and the society and whatever, well, how come somebody that has $200 billion has no obligation to subsidize any of that, but somebody that scrubs floors or is a janitor does.

01:19:27.000 How does that make any sense?

01:19:29.000 Of course, it doesn't.

01:19:31.000 And the solution then is not to elect these big government, socialist, eat the rich type people who don't even understand how this stuff works.

01:19:40.000 And people are going, I mean, they see millionaires as in the same category as billionaires.

01:19:44.000 The only way to do that is to specifically go after the people that are writing the laws, go after the people that are putting up the money for the campaigns.

01:19:53.000 And nobody will do that because all the people that are writing those laws are funded by the billionaires.

01:19:57.000 So it's very easy for a Joe Biden or an AOC or whoever to say, yeah, you know, we're going to squeeze the rich this time.

01:20:04.000 We're going to increase the income tax on people that make more than $400,000 per year.

01:20:08.000 Well, you know, people that make more than $400,000 per year don't really control the country.

01:20:13.000 It's maybe more like the people that have $200 billion, actually.

01:20:18.000 That guy's rich.

01:20:20.000 He has a BMW.

01:20:21.000 Okay, well, you know, Jeff Bezos.

01:20:25.000 Has companies that compete in every sector.

01:20:27.000 He owns something like, what is it, 15% of all commerce on the internet?

01:20:32.000 He owns a private space company.

01:20:35.000 He owns Whole Foods.

01:20:36.000 He owns Amazon Prime, Amazon Video, Amazon Music.

01:20:41.000 I mean, what does Jeff Bezos not own?

01:20:43.000 He owns Amazon AWS.

01:20:46.000 What field does Jeff Bezos not have a major company competing in?

01:20:52.000 But it's people that are making $400,000 per year.

01:20:55.000 It's people that are, you know, maybe living in like A somewhat nice house in a major metropolitan area that are pulling the strings?

01:21:02.000 That's the answer.

01:21:03.000 Make them pay 2% more. 0.88

01:21:05.000 That'll show them.

01:21:06.000 Make them pay 2% more.

01:21:09.000 Meanwhile, the top 25 richest people pay sometimes nothing in income tax.

01:21:14.000 And in terms of their real tax rate, pay 0.1, 0.3%, less than a percent or less than 5% on average.

01:21:21.000 How is that fair?

01:21:23.000 So this eat the rich stuff is totally misguided and misdirected.

01:21:26.000 All of this eat the rich stuff.

01:21:28.000 Taxing everybody to death.

01:21:30.000 As I've said, and I've said this on the show for years, it is not about going after the rich.

01:21:35.000 It is about going after the middle class because it is the middle class that is going to foot the bill for all of this.

01:21:40.000 It is the middle class that pays the income tax and the capital gains tax.

01:21:44.000 And even the people that pay a lot of that are people that are boomer retirees, it's people that are moderately rich, people that are upper middle class.

01:21:51.000 You know, certainly it's not poor people that are paying for this stuff, but it is any kind of semblance of distributed.

01:21:58.000 Financial power in the country that is being eroded by this.

01:22:02.000 What they want are people that are untouchable and super rich, which is your top 25.

01:22:07.000 These are your billionaires and, you know, hundreds and thousands actually of billionaires and people with a nine figure net worth or something.

01:22:15.000 Those people are supposed to be untouchable.

01:22:17.000 Those people are supposed to be.

01:22:19.000 And look, I'm not an eat the rich guy, period.

01:22:21.000 I don't think that those people should be paying like, oh, you have to cough up all your wealth.

01:22:25.000 I think if you make wealth, you should keep it.

01:22:27.000 But 0.1%, give me a break.

01:22:30.000 And, you know, taxing unrealized gains, that's a little ridiculous, but we've got to figure out something.

01:22:35.000 It's just not fair.

01:22:36.000 It's not fair that people at the bottom are paying double digits on their meager income, and people that accumulate hundreds of billions of dollars are paying 0.1% on that.

01:22:46.000 It's just not fair.

01:22:48.000 So I'm not somebody that says we've got to destroy the wealth base of the country, but at the bare minimum, this should be an argument that it should not be the middle class that foots the bill for any more of this, that has to suffer the tax increases, because that's ultimately what they're after. 0.75

01:23:02.000 It is that it is the people from, you know, maybe.

01:23:07.000 $100,000 up to a billionaire's kind of a salary that represents the real financial base of the country, contrary to popular belief.

01:23:19.000 It is not really poor people.

01:23:21.000 There are lots of people in the country that just don't pay any tax at all.

01:23:24.000 And there's lots of people that don't really represent that.

01:23:28.000 We're talking about people that they're not billionaires, they're not poor, they may not even be working class, but that is our middle class.

01:23:36.000 That is the base of power of distributed economic and financial power in the country.

01:23:41.000 And that is what's being destroyed by all of this.

01:23:43.000 And just take a look at who these tax regimes apply to.

01:23:46.000 Who does that tax policy apply to?

01:23:49.000 Income tax.

01:23:50.000 Well, income tax applies to income earners.

01:23:52.000 People that make billions of dollars per year are not income earners.

01:23:56.000 Hedge fund managers are, but people like Jeff Bezos and Mark Zuckerberg and all the people that are making serious money are not.

01:24:04.000 So some categories of rich are paying it, but a lot of them are not.

01:24:07.000 And certainly not the people at the top.

01:24:10.000 None of the people at the top are operating that way.

01:24:13.000 And again, capital gains.

01:24:15.000 Income earners are everybody from the bottom all the way up until sort of the intermediate top.

01:24:20.000 And then as far as capital gains go, that's everybody from sort of like the middle all the way to the top.

01:24:27.000 But in other words, the capital gains in the income primarily are affecting people at the lower end of the spectrum.

01:24:33.000 The way that people make their money in the higher end of the spectrum is in a way that your average person could never guess and most likely might not be able to understand.

01:24:42.000 And increasing.

01:24:44.000 Income tax is not going to fix that.

01:24:46.000 Increasing capital gains tax, doubling that, and regulating crypto and doing these inflationary type things, that's not going to help.

01:24:54.000 So, in other words, I'm not saying, and that's why we need to eat the rich.

01:24:59.000 I've never been in favor of eating the rich.

01:25:01.000 I really have not been.

01:25:02.000 I think that everyone should pay something, and I think it should be skewed more towards the rich.

01:25:08.000 I think that it should be a progressive tax scheme.

01:25:12.000 I don't know that it should necessarily be on.

01:25:14.000 Based upon income.

01:25:16.000 It should be maybe more based on tariffs and other ways of raising money.

01:25:21.000 But where you need to collect tax, I think it should be modest.

01:25:24.000 It should be reasonable.

01:25:25.000 It should be graduated.

01:25:26.000 It should be progressive in the sense that it should increase the more money you make.

01:25:30.000 I used to think it should be a flat tax because that's fair.

01:25:33.000 But then I considered that there's an economic law called the law of diminishing returns, diminishing marginal returns, which says that the more additional unit that you have of something, comparably, the less value that it has.

01:25:47.000 So, of course, we understand that.

01:25:49.000 One dollar, one additional dollar for somebody that has $500 is worth more than one additional dollar for somebody that has $10 billion.

01:25:57.000 That is so simple.

01:25:59.000 That is one of the iron laws of economics, of Austrian economics for that matter.

01:26:04.000 So it should be progressive.

01:26:05.000 It should be reasonable.

01:26:07.000 It should be modest.

01:26:08.000 It should be in accordance with what the needs of the government are.

01:26:12.000 But it has to be fair like that.

01:26:15.000 And what's going on right now is they are just destroying the economic base of the country.

01:26:19.000 And I think it's basically deliberate.

01:26:21.000 I think that they see the entire country basically as tax and debt cattle.

01:26:26.000 Think about how this operation works now in the country.

01:26:29.000 And tell me that this is a free market.

01:26:31.000 Tell me that this is ideal.

01:26:33.000 Tell me that this is creating voluntary contracts where everybody benefits.

01:26:38.000 You're born, you go to school, you go to college, $100,000 in debt out of college, you get a job, you pay 40% income tax, which is, you know, I don't think it's outside the realm of possibility that we'll get there for even average income earners, but you pay a significant amount of tax.

01:26:54.000 You're paying off your debt your whole life.

01:26:56.000 You don't get a mortgage until maybe you're in your 40s.

01:26:59.000 You don't have great health care, you don't own your car.

01:27:02.000 You may take 20 or 30 years after you graduate college to get in a position where you're somewhat financially independent, where you could own a home, own a car.

01:27:11.000 And so, all that time, all of your life, decades of your life, who are you working for?

01:27:17.000 You're working to pay off your debts to the lenders, to the banks, and you're working to pay off the tax to the government.

01:27:24.000 And it's not money, it's time, it's labor.

01:27:27.000 How do most people make their money that they give to these things?

01:27:30.000 Well, they don't just get it.

01:27:31.000 It's not like, well, I go and do this and then I get some money.

01:27:34.000 No, it's a direct correlation between.

01:27:36.000 You know, labor is calculated in terms of time, often in most cases.

01:27:41.000 So you're literally donating hours of your life, hours of your life every day, days and weeks and months of your life every year, years out of decades of your life to the banks and to the government.

01:27:56.000 Working in a cubicle, working in an office, driving in a car on a work trip, on phone calls, on spreadsheets, on the computer.

01:28:05.000 Is this a nice, just free?

01:28:09.000 Way to live?

01:28:10.000 Is that liberation?

01:28:11.000 Is that independence?

01:28:13.000 That's voluntarism, really?

01:28:15.000 And think of that.

01:28:16.000 And some people might say, well, yes, it is.

01:28:18.000 You've got to earn your keep or something like that.

01:28:20.000 Really?

01:28:22.000 Because there's nothing free market about high taxes like that.

01:28:25.000 There's nothing free market about this credentialism that you have to have a college degree and the colleges are controlled by a cartel and college costs way too much.

01:28:33.000 I mean, think about that.

01:28:34.000 So, you know, I guess it's not fair to say it's an attack on the free market because a lot of those problems are caused by the government.

01:28:40.000 But that's the scheme that we've created.

01:28:42.000 That's the scheme that we've created where it's impossible to accumulate wealth because all your time is spent working, working for an income, and your income is taken every month by the government and by the lenders.

01:28:55.000 And there's really no way around that.

01:28:57.000 How do you build your credit to get a loan to buy a house?

01:29:00.000 Get a credit card.

01:29:02.000 You have to have a credit score, Goy.

01:29:04.000 You have to have a credit score.

01:29:06.000 You got to build up your credit score.

01:29:07.000 Get two credit cards and take out student loan debt and just pay it back and pay points on it.

01:29:12.000 And build your credit and then get a mortgage, and that'll be great for your credit too.

01:29:17.000 Get a mortgage.

01:29:17.000 That's an investment.

01:29:18.000 That's an asset.

01:29:19.000 You know, paying thousands of dollars per month is an asset.

01:29:22.000 Paying $1,000, $2,000, $3,000 per month is actually an asset because you're building, and then they're going to bring Section 8 in and destroy that, but that's besides the point.

01:29:31.000 But that's an investment.

01:29:32.000 So you're going to work for your mortgage, you're going to work to pay your student loan debt, and you're going to pay your income tax, and you've got to pay forever increasing costs, which are inflated by the Federal Reserve.

01:29:41.000 That's inflationary.

01:29:42.000 Thank you, fiat money.

01:29:44.000 Your dollar is buying less, your purchasing power is less, you can't save your money because the interest rates are zero.

01:29:52.000 You invest your money and the capital gains is now 40%.

01:29:57.000 And then, whatever you've got left over, that's your capital accumulation.

01:30:01.000 Meanwhile, people like Jeff Bezos are just stacking it.

01:30:04.000 I mean, they are just stacking it.

01:30:07.000 And how do they spend their money?

01:30:08.000 Well, they say, oh, here's a stock bank, and they get cash in return.

01:30:16.000 That's totally fair.

01:30:17.000 We love that.

01:30:18.000 We love that.

01:30:19.000 Wow, what a great American system.

01:30:20.000 The American system, that's the American dream, man.

01:30:23.000 You got to pull yourself up by your bootstraps.

01:30:26.000 You got to pay your taxes, though, and you got to pay your debt, and you got to get a degree.

01:30:31.000 And you have to transact in the US dollar.

01:30:33.000 You cannot transact in any other currency, but you've got to pull yourself up by your bootstraps, man.

01:30:39.000 And it's not really wise to save your money because the interest rates are zero.

01:30:42.000 And investing your money is also not going to be wise because they are tanking the stock market and the capital gains is 40%.

01:30:49.000 But you've got to figure out a way, man. 0.97

01:30:51.000 You've got to get on your grind, go and mop the fucking floors and then go and flip burgers or something. 0.98

01:30:56.000 And, you know, maybe, maybe you'll save a few grand. 0.99

01:30:58.000 But hey, and by the way, don't go to Starbucks.

01:31:03.000 You have to make your own coffee.

01:31:04.000 Why would you buy coffee?

01:31:06.000 You pay 30 cents to make coffee at home.

01:31:08.000 You pay $3 to make. 0.96

01:31:10.000 So you better make your coffee at home, Goy. 0.52

01:31:12.000 That's called the grind.

01:31:13.000 That's called the hustle.

01:31:13.000 Do you want to be rich or not?

01:31:15.000 I saved $2,000 making my own coffee at home.

01:31:18.000 I'm getting ahead.

01:31:20.000 Jeff Bezos makes $100 billion in two seconds, and he's taxed on none of it.

01:31:25.000 And he actually makes money because he writes, somehow is able to write that off, and the government owes him money.

01:31:33.000 And the Federal Reserve prints the money and gives it to him first, and he gets to spend it, and then it gets introduced in the market and it becomes less after that.

01:31:41.000 That's how the system works.

01:31:43.000 That is how the financial system works.

01:31:45.000 And this simple, like, hey, what if we just raise the taxes, man?

01:31:48.000 That's the kind of thinking that could only come from somebody who doesn't own anything.

01:31:54.000 Ironically, ironically, to have the financial literacy to understand how to change the financial system, you would need to have wealth.

01:32:04.000 You would need to do something.

01:32:05.000 And it's very unfortunate that.

01:32:07.000 The people that are getting screwed over by this are the people that do not possess the financial literacy to fix this.

01:32:14.000 People that are talking about eating the rich are people that are children. 0.99

01:32:20.000 I mean, they went to school their whole life and were infantilized by fucking teachers and counselors and psychologists and you name it. 0.98

01:32:30.000 And school is not what it was 100 years ago. 0.98

01:32:32.000 School is like, hey, everybody, today we're doing finger painting.

01:32:38.000 So, you're 18 years old and you've had 18 years of infantilized education, and then you go to college on debt.

01:32:45.000 You didn't work for it.

01:32:46.000 I know I'm sounding like a boomer here, but that's what it is.

01:32:48.000 I'm describing it.

01:32:49.000 I'll tell you what I mean. 1.00

01:32:51.000 You're 18 years of infantilization, 18 years of childhood, of, you know, I think, retarded growth. 1.00

01:33:01.000 You go to college and your parents pay for it, or it's debt, or, you know, in some rare cases you're working. 1.00

01:33:07.000 And what do you do in college?

01:33:08.000 Well, it's more BS.

01:33:10.000 Homework, tests, studying, extracurricular is fun, whatever.

01:33:14.000 22 years old.

01:33:16.000 22 years old.

01:33:17.000 And then what do you do?

01:33:18.000 You go and get a job at Auntie Ann's Pretzels.

01:33:21.000 You go and get a job at Burger King.

01:33:24.000 You go and get a job like that for how many years?

01:33:26.000 Or in some cases, you get an entry level job.

01:33:28.000 Maybe you're an intern, maybe you're a low level employee.

01:33:31.000 At what point do you have a real profession where you really understand how the world works?

01:33:37.000 How any component of the world works?

01:33:40.000 At what point do you become, you know, if you're like a plumber, You kind of understand a thing or two about physics, and you understand a thing or two about hardware, and you kind of know a certain industry.

01:33:51.000 Maybe you're a business.

01:33:52.000 Maybe if you're a plumber, you are an apprentice and you work very closely with somebody who runs a business and they teach you about these things, right?

01:33:59.000 But we're talking about a very specific kind of person.

01:34:01.000 A very specific kind of person goes through school until they're 22.

01:34:05.000 Then they get a retail job.

01:34:07.000 They either live at home or they rent an apartment.

01:34:10.000 And it's not before they are sometimes 25, 30, 35 years old, before they own one thing, one major asset, before.

01:34:21.000 They know anything about a field, know anything about a component of society.

01:34:27.000 And these are the people that are supposed to be making the decisions.

01:34:30.000 These are the young people that are supposed to be voting and voting in elections and everything.

01:34:35.000 It's like, you know, everybody's equal and everybody's got dignity and blah, blah, blah. 0.99

01:34:42.000 But frankly, what the fuck do you know about anything? 0.97

01:34:44.000 I mean, really, no offense, but your knowledge comes from you read, like, you watch TikToks or something, you watch. 0.98

01:34:55.000 Instagram captions and what?

01:34:58.000 I mean, what would from your life experience tell you about how the financial system should work?

01:35:05.000 You go and you like, I don't know, you make hamburgers for a little while.

01:35:09.000 You say, Would you like fries with that?

01:35:11.000 They give you a paycheck.

01:35:13.000 You pay your paycheck to your landlord.

01:35:15.000 And at what point do you know anything about anything?

01:35:17.000 At what point do you learn anything about anything?

01:35:21.000 And, you know, I don't say that.

01:35:23.000 I'm not saying that to diminish people that do that.

01:35:25.000 Some people, that's just how it is.

01:35:28.000 Some people, that's the path that they're on.

01:35:30.000 Some, it was a choice.

01:35:31.000 Some, it was less of a choice.

01:35:32.000 Some people, it'll work out eventually.

01:35:34.000 But all of this is to say, on a massive scale, we cannot expect financial literacy from these people.

01:35:34.000 Some, it won't.

01:35:40.000 We cannot expect these people to know how to tax Jeff Bezos.

01:35:44.000 Jeff Bezos creates the business environment, he creates the financial environment.

01:35:50.000 Somebody that works at The Gap is supposed to screw him over.

01:35:54.000 Somebody who works at The Gap is going to go out in the streets and get real smug about, haha, Jeff Bezos is afraid of us, afraid of you.

01:36:06.000 So, and again, I'm not saying that to humiliate people. 1.00

01:36:10.000 I am not saying that to call you stupid. 0.99

01:36:12.000 I'm really not. 0.99

01:36:14.000 It's not for lack of dignity or intelligence that it's like that.

01:36:20.000 That's how the system is.

01:36:21.000 I think it's almost designed like that.

01:36:23.000 But the point is, these know nothing liberals go out into the world and they say, We're going to tax the rich.

01:36:29.000 How are we going to tax the rich?

01:36:32.000 Raise taxes.

01:36:33.000 Yeah, and that is the understanding of the financial system that a person would have if they never owned a business, if they never owned a home, if they never ran a business, if they never had any kind of experience beyond this kind of wage work.

01:36:50.000 It's not to diminish it, but it's just what kind of literacy can you expect from people like that?

01:36:55.000 And I would know.

01:36:56.000 I didn't begin to understand these things until I was involved in that.

01:37:01.000 Over the past few years, and I'm not trying to make myself out like, oh, I'm some business magnet.

01:37:06.000 I'm like, whoa.

01:37:07.000 I'm a real, you know, hey, I'm a real financial literacy buff.

01:37:12.000 I'm not trying to pass myself off like that.

01:37:14.000 I'm still learning.

01:37:15.000 But once you, you know, do things like I've done over the past few years, for example, I've started LLCs in a number of different states.

01:37:24.000 That is an experience which a lot of people just don't have.

01:37:26.000 I'm not saying like, wow, that makes me a genius, but I've had to do that because I'm a self employed person.

01:37:32.000 That's how I make my money.

01:37:33.000 And so on the advice of tax experts and lawyers, Who are friends of mine who watch the show or whatever?

01:37:40.000 They tell me, well, here's one way that here's a form that you could fill out, and here's a way that you could create a more favorable tax condition for yourself.

01:37:48.000 That is an experience that people that have a 1099 job and pay rent don't understand.

01:37:55.000 If you go out and buy a building or something, if you start a business, if you start to learn about how corporations are taxed, if you start to think about itemized deductions and that kind of stuff, and you invest money.

01:38:06.000 I invest money.

01:38:07.000 I invest money in stocks.

01:38:08.000 I invest money in cryptocurrency.

01:38:11.000 Once you do those kinds of things, these are experiences that a lot of people don't have.

01:38:15.000 They're basic, they're entry level, but they're experiences that most people don't have.

01:38:19.000 And that's the beginning of achieving an understanding of how the financial system works.

01:38:24.000 If you don't have that, how can you expect to understand what happens with Bezos and the rest of them?

01:38:32.000 And, you know, I remember like during the presidential debate forum, the second debate was canceled in the 2020 election, and then they held these two competing forums Biden on one network and Trump on the other.

01:38:44.000 And I remember the interviewer said, Trump, you owe $400 million.

01:38:48.000 Who do you owe that money to? 0.99

01:38:50.000 And it's like, of course, some like idiot journalist would think of debt that way. 1.00

01:38:54.000 Of course, some idiot journalist would say, Well, he owes $400 million. 1.00

01:38:58.000 Who does he owe it to? 1.00

01:38:59.000 When does he have to pay them back? 0.98

01:39:01.000 And it's like, Maybe that's how debt works for poor people.

01:39:05.000 Maybe that's how debt works for people that, again, borrowed money to pay for a car, borrowed money to pay for tuition.

01:39:13.000 But when rich people borrow money, it doesn't work like that.

01:39:17.000 It doesn't work like that.

01:39:18.000 It's not the same.

01:39:19.000 And, you know, Trump, I think it would have been helpful for him to break that down, but he's like, You know, I have great debt.

01:39:24.000 Banks come to me and they want my debt.

01:39:26.000 And like people that work at McDonald's don't understand what that means.

01:39:32.000 People that are not in a situation like that won't understand what that means.

01:39:35.000 And so all this is to say the system is not just, but it's not just for the reasons that you might think, which are that the tax rate isn't high enough, you know, or something like that.

01:39:48.000 It's not just because, well, the poor are being taxed too much and the rich are being.

01:39:54.000 Tax not enough, that's an oversimplification.

01:39:57.000 The whole system, the whole system is rigged from inflation to the fad, the low interest rate, the credentialism of the colleges and the cartel that they have, how that relates to public spending on universities through debt and other means, as well as wages going down, the relationship between business owners, shareholders, and stock prices, things like stock buybacks.

01:40:25.000 Borrowing, you know, it's all a part of it.

01:40:28.000 It is a very complicated situation and it's all rigged.

01:40:31.000 And it's not so simple as, well, what if we took the tax rate and raised it from 30 to 35?

01:40:37.000 Or people say, well, you know, in the 60s it was 90%. 1.00

01:40:40.000 Okay, well, you know, you're an idiot. 1.00

01:40:44.000 You don't know what you're talking about. 1.00

01:40:46.000 So the whole system has to go.

01:40:49.000 We have to have a system that is going to benefit the financial base of the country.

01:40:54.000 We need a system that is going to allow.

01:40:57.000 People to accumulate wealth.

01:40:59.000 We need a system that is going to not disincentivize people from creating value and from creating businesses and making money and doing all of that.

01:41:11.000 We need a system that is going to fund our government, but one that at the end of the day is going to incentivize the accumulation of capital and will result in a distribution of wealth.

01:41:22.000 We don't have that right now.

01:41:24.000 And it's because of a lot of accumulative effects over 60 years coming from.

01:41:30.000 Regulatory capture coming from financial instruments, coming from arcane financial regulations.

01:41:37.000 I mean, who could really understand the 2008 debt crisis?

01:41:41.000 Who could understand the 2006 mortgage crisis?

01:41:44.000 What average person could understand what a collateralized debt obligation is or a mortgage backed security?

01:41:50.000 The system has gotten obscure and obfuscated like that for a reason.

01:41:54.000 Too complicated, so complicated that people can't figure it out, can't navigate it, and can't fix it.

01:41:59.000 But it's as simple as this We need a system that lets people accumulate wealth and does not disincentivize people from creating value.

01:42:07.000 That is what we want.

01:42:09.000 And it's really as simple as that.

01:42:12.000 So this ProPublica report shows that we're not doing that.

01:42:15.000 We're creating a system where The rich get richer and the poor can't win.

01:42:19.000 The rich can't lose and the not rich can't win.

01:42:23.000 And it shouldn't be like that.

01:42:24.000 We should have a system where everyone can win.

01:42:26.000 And not everyone will win.

01:42:28.000 Not everyone will win.

01:42:30.000 And some people, it's not within their capacity to win.

01:42:32.000 We want to make a system where everyone can win.

01:42:36.000 If they're lucky, if they work hard, if they've got ingenuity, if they've got entrepreneurial ability, and if they've got capital, we should make a system where everybody can succeed.

01:42:47.000 Not everyone will.

01:42:48.000 Not everyone in this world is equal.

01:42:51.000 And there will be poor people, and some people honestly deserve to be poor.

01:42:55.000 Some people can't be rich.

01:42:56.000 It's sad, but we have scarcity and we have limited faculties.

01:43:02.000 That's just the way of the world.

01:43:03.000 We'll never change that.

01:43:04.000 We'll never eradicate poverty.

01:43:06.000 We'll never eradicate inequality because we'll never eradicate human inequality, and that's not desirable.

01:43:11.000 But what we want is an environment where people can get ahead.

01:43:16.000 There's a way for people, if they do it the right way, they can rise up through society.

01:43:22.000 And if they create value for the society, they can be rewarded and have nice things.

01:43:27.000 And we can also have a government that provides vital services.

01:43:30.000 But that's not what we have right now.

01:43:32.000 So we're going to move on.

01:43:33.000 I want to read our super chats and we'll see what you guys are saying.

01:43:39.000 I don't want to ramble too much here, but you look at this stuff, and that is such a big red pill.

01:43:45.000 The financial stuff is such a huge red pill.

01:43:48.000 And it's even more of a red pill when you start to get into it.

01:43:53.000 You know, when I was like a high school student, how could I possibly understand how the economy worked?

01:43:58.000 I didn't work.

01:44:00.000 When I was a high school student, I didn't have a job.

01:44:03.000 I didn't make money.

01:44:05.000 And I didn't pay any money.

01:44:06.000 You know, my understanding of the economy was, you know, my parents give me 20 bucks and I buy a movie theater ticket and I get a receipt.

01:44:12.000 I was like, wow, this sales tax that's the beginning and the end of financial literacy for somebody that's a student like that.

01:44:19.000 And then when I dropped out of college, I worked at UPS.

01:44:23.000 And you know what happened there?

01:44:24.000 I went to work, I got paid a paycheck, and that was it.

01:44:29.000 And I paid a little bit of my student loans, and I got a credit card to start accumulating or start building my credit score or whatever.

01:44:38.000 And over time, as I got more experience and did a variety of different things as a so called entrepreneur or whatever, I guess that's technically what I would call myself, then you do the basic process of, like, filing to incorporate a business, filing to incorporate an LLC.

01:44:58.000 And figuring out taxes for that.

01:44:59.000 And then you figure out how you're going to do your taxes as a self employed person.

01:45:04.000 Well, you've got to have business expenses.

01:45:05.000 You've got to know what you can expense and is it worth it to do business expenses.

01:45:11.000 And then a lot of things flow from there.

01:45:13.000 Then I started to invest my money.

01:45:14.000 I started to invest my money in stocks and figure out, well, oh, you shouldn't sell right away because then you get taxed more.

01:45:19.000 Oh, I didn't know that.

01:45:21.000 Well, if you invest in a retirement account, then it's tax free until you pull it out.

01:45:25.000 Oh, I didn't know that.

01:45:26.000 But there's a limit to how much you could deduct it from your taxes.

01:45:29.000 Then you start to understand all the.

01:45:31.000 Intricacies and it doesn't matter to you until, or I guess you don't know it, it's not really apparent until it starts to matter to you, and it doesn't start to matter to you until it concerns you until you're doing it.

01:45:42.000 And most people aren't doing that.

01:45:43.000 So that's why most people think it's just a matter of what if we took the tax rate and we raised it from 39% to 40% and we raised the capital gains tax from 20% to 40%?

01:45:56.000 You're never going to make it.

01:45:57.000 You're going to be poor forever.

01:45:58.000 You're going to be poor forever. 1.00

01:45:59.000 And we're going to live in a poor country and you're going to be raped to death and we're all going to die. 1.00

01:46:04.000 So time to start watching some, I don't know, Dave Ramsey or something. 0.99

01:46:08.000 I don't even know who's teaching this stuff.

01:46:10.000 I didn't learn this stuff from a book.

01:46:11.000 I found out this stuff through life.

01:46:14.000 So I don't think anyone's even teaching that.

01:46:15.000 But.

01:46:17.000 Anyway, well, I guess probably someone somewhere's teaching that.

01:46:20.000 Khan Academy, there you go.

01:46:22.000 All right, let's take a look at our super chats.

01:46:24.000 We have got Kai Clips says Nick Videos and Jackson Adams upping their sex trillionaire grind set.

01:46:31.000 Got to fund the movement.

01:46:32.000 Yeah, we're counting on Jackson Adams.

01:46:35.000 We're counting on Jackson Adams investment advice.

01:46:38.000 Crypto trillionaire Jackson Adams has just given a $100 billion cash infusion to Groyper Incorporated, which they're using to build their skull shaped island in the middle of the Pacific Ocean.

01:46:51.000 Crypto trillionaire Jackson Adams, who made his fortune off of Cummies Coin, who made his fortune off of Twerk Coin and reposting inspirational captions on his Instagram story, has reportedly given a $500 billion donation to.

01:47:14.000 Yeah, Nick Videos.

01:47:16.000 Bodybuilder and multi billionaire Nick Videostein has.

01:47:21.000 Reportedly given a sum of money to the presidential campaign of Senator Jaden McNeil.

01:47:30.000 Yeah, we're counting on him.

01:47:31.000 I mean, not everybody has the grind set.

01:47:33.000 Jackson Adams was chosen, okay?

01:47:35.000 He is on his grind.

01:47:37.000 He is up every day.

01:47:39.000 He is making his own coffee.

01:47:41.000 He is taking pictures of himself while he's doing it.

01:47:43.000 He is taking pictures of himself at the beach.

01:47:46.000 He is reposting inspirational quotes and he's reading $25 books from crypto gurus about wealth accumulation, and he is on his way.

01:47:56.000 He is on his way to becoming a very rich man.

01:47:59.000 We have got to start treating him with the respect that he deserves because he's going to be making the rules for all of us one day.

01:48:08.000 President Jackson Adams of the Jackson Adams Corporation announced a merger with the Nick Videos Corporation in what will be the largest inspirational, quote, reposting company in the history of Instagram.

01:48:25.000 People really think that you get rich by, like, reading inspirational.

01:48:28.000 Quotes.

01:48:29.000 It's like, no, you get rich by working.

01:48:30.000 You get rich by working and having good ideas.

01:48:33.000 People are like, how can it's like when people ask me, how can I get smart?

01:48:37.000 It's like, well, getting smart doesn't start with trying to become smart.

01:48:41.000 In the same way that getting rich doesn't start with like trying to be rich.

01:48:46.000 You know, people, how do I make money?

01:48:47.000 Well, do you think that like, you think that John Rockefeller was like, hey, what's a good idea to make money?

01:48:54.000 How can I like make fast, easy money to buy things that I want?

01:48:59.000 Bill Gates.

01:49:00.000 Bill Gates was like passionate about computers and he was just a computer nerd.

01:49:04.000 And he was a killer and he was, you know, that was his passion and all that.

01:49:10.000 He didn't go to his parents and be like, hey, how do I like make money so I could buy this thing that I want?

01:49:20.000 Anyway, so that's so I, you don't know how to get rich.

01:49:24.000 I know how to get rich, Jackson Adams.

01:49:27.000 No, we love J.A., the incomparable Jackson Adams, the rich.

01:49:32.000 And the prosperous Nick Videos.

01:49:35.000 Based Pheasant says the Trump of 2016 was a patriot.

01:49:38.000 It has been tragic to see his transformation into a complete pinhead.

01:49:43.000 It is sad, I agree. 0.97

01:49:44.000 Based on Nance's Dear Nick, sometimes when I'm losing my mind wondering how liberals can be so delusional about race, I remind myself that genetics influence behavior.

01:49:54.000 Are some white liberals biologically blue pilled?

01:49:56.000 Yeah, I think some of them are.

01:49:59.000 Not all, but I think there might be a case to be made about that.

01:50:02.000 Excuse me, burp.

01:50:05.000 Nathaniel says Happy birthday to Canadian nationalist and ally Faith Goldie, who turns 32 today.

01:50:12.000 Hey, happy birthday.

01:50:13.000 I didn't know it was her birthday.

01:50:14.000 I got a texture after the show.

01:50:18.000 I didn't know that.

01:50:19.000 See, she's not on Twitter.

01:50:20.000 When somebody's not on Twitter, you don't know.

01:50:22.000 She's not active anymore. 0.80

01:50:25.000 Line Riders says, You see, those liberals are the real racists, but they're also fake liberals.

01:50:30.000 We Republicans are the real liberals. 0.90

01:50:32.000 Wait a second.

01:50:34.000 That's well said, yeah. 0.99

01:50:35.000 Those liberals are the real racists, but they're fake liberals. 0.97

01:50:39.000 We're the real liberals. 0.98

01:50:40.000 Yeah.

01:50:41.000 Yeah, you got to love it.

01:50:42.000 Jordan Bee says, Was watching last night's show and the story about the New York Post article about The biracial couple against CRT.

01:50:50.000 Not that I'm one to be talking here, lol.

01:50:52.000 Yeah, very funny, man.

01:50:54.000 But I do feel like Boomers and Con Inc are so far gone on this issue that even the nuance of saying CRT is an obfuscation around the fact that the system hates white people and is anti white is so above an average Boomer's head that they get lost when we talk about it.

01:51:08.000 These people have been fully indoctrinated into not be racist.

01:51:13.000 Very true, yeah.

01:51:14.000 Which is basically a restatement of what I said yesterday.

01:51:18.000 Yeah, I mean, that's exactly, that was kind of exactly my point, yeah.

01:51:22.000 Exactly.

01:51:23.000 That's what I've been saying for months now.

01:51:25.000 So well said.

01:51:28.000 But yeah, you really aren't want to be talking, are you now, JB?

01:51:31.000 You really aren't. 1.00

01:51:32.000 Oh, she has an Hispanic last name. 0.90

01:51:34.000 Really? 1.00

01:51:35.000 You know, our people are dying, man.

01:51:37.000 Our people are dying off, and you're, you know, taking another one.

01:51:41.000 Taking another one.

01:51:43.000 As far as I'm concerned, you've already taken another one out of circulation, as far as I'm concerned.

01:51:52.000 Out of circulation.

01:51:53.000 We're dying.

01:51:54.000 There's not enough.

01:51:55.000 There's not enough of us.

01:51:57.000 The numbers are going down every year.

01:52:00.000 You know that.

01:52:01.000 I know that.

01:52:02.000 Everyone knows that.

01:52:03.000 The whole world knows that.

01:52:05.000 And you're taking them out of circulation.

01:52:07.000 It's not a joke.

01:52:08.000 It's not funny.

01:52:09.000 It's not good.

01:52:10.000 But thanks for the super chat.

01:52:11.000 I appreciate it.

01:52:12.000 Yeah, you know, real, real, real traitor moment.

01:52:16.000 You're betraying them.

01:52:18.000 No, that part, I'm kidding a little bit.

01:52:21.000 But seriously, you know, as far as I'm concerned, that is out of circulation.

01:52:26.000 And let it be known, let it be known.

01:52:29.000 If you're a white woman watching the show, that's going to be one of the first questions I ask on the first date.

01:52:35.000 I'm going to say, hey, listen, I don't mean to make you uncomfortable or anything.

01:52:39.000 We don't need to make this weirder or more divisive than it has to be.

01:52:43.000 But have you ever dated a black guy? 0.98

01:52:49.000 I'm sorry. 1.00

01:52:51.000 I'm sorry.

01:52:53.000 I know, I know.

01:52:54.000 That's old fashioned.

01:52:56.000 I know that's old fashioned.

01:52:57.000 I know that's, you know, backwards or something.

01:53:00.000 I don't say that because I hate other people, but it's just a big problem for me.

01:53:04.000 I just, it's a problem for me.

01:53:06.000 I don't like that.

01:53:07.000 I don't like that. 0.96

01:53:09.000 And it's not because I have anything against black people.

01:53:13.000 I don't.

01:53:14.000 But, you know, call me old fashioned.

01:53:17.000 It just wasn't done in the old days.

01:53:19.000 It's just something that wasn't done in the old days.

01:53:21.000 And I think it's just better if everybody kind of keeps it to themselves, you know, honor thy mother and father.

01:53:26.000 How are you honoring thy mother and father if you're having kids?

01:53:29.000 Don't even look like your grandparents.

01:53:31.000 They don't even, well, they don't even look like your parents. 0.93

01:53:35.000 And, you know, what if your kids look like a different race than you?

01:53:38.000 Are they going to feel more affection for your spouse than you?

01:53:42.000 Are you okay with that?

01:53:43.000 You know, so that just really conflicts with my values.

01:53:48.000 Can't have it.

01:53:49.000 Can't have it.

01:53:49.000 I just can't have it.

01:53:51.000 So, you know, be warned.

01:53:52.000 I hope. 0.99

01:53:54.000 And by the way, don't you fucking lie to me either. 0.99

01:53:57.000 Man, oh man. 1.00

01:53:58.000 God help. 1.00

01:53:59.000 God help a woman that lies to me about that. 1.00

01:54:02.000 Only God can help her. 1.00

01:54:04.000 Kidding, kidding.

01:54:05.000 Just jokes.

01:54:07.000 Because I would be thoroughly displeased and, you know, and I would break up with her, and that would be a real loss for her.

01:54:17.000 That's all I mean to say by that.

01:54:19.000 But yeah, so hey, look, I'm just being real.

01:54:23.000 I'm being real. 1.00

01:54:24.000 And white people got to step up and start to say, hey, listen, listen up, bitch. 1.00

01:54:30.000 Now, be a little bit more respectful, but listen up. 1.00

01:54:33.000 Can't be having that.

01:54:34.000 Can't be having that.

01:54:38.000 Goes against my values.

01:54:39.000 I'm entitled to my values.

01:54:40.000 They say, be yourself.

01:54:41.000 Okay, well, this is myself.

01:54:44.000 They say, be who you are on the inside. 1.00

01:54:46.000 Okay, well, you know, I'm feeling like I don't want a wife who had a black boyfriend. 1.00

01:54:52.000 That's what I feel like. 0.99

01:54:53.000 That's kind of like who I am.

01:54:56.000 That's who I am, and I'm proud of it.

01:54:58.000 That's who I am on the inside.

01:55:00.000 I'm going to show you my true colors.

01:55:04.000 Don't they always say that?

01:55:05.000 Just be yourself.

01:55:06.000 Show your true colors.

01:55:07.000 Be who you are.

01:55:09.000 Show the world who you are on the inside.

01:55:11.000 Yeah, all right.

01:55:11.000 Well, you know who I am on the inside?

01:55:15.000 Well, on the inside, I'm a guy that doesn't want a wife that dated a black guy. 0.99

01:55:20.000 I'm a guy that wants a wife that's never had sex. 0.99

01:55:22.000 That's who I am on the inside.

01:55:23.000 It's kind of who I am on the outside.

01:55:26.000 So, are you okay with that?

01:55:27.000 I'm okay.

01:55:29.000 I am who I am.

01:55:31.000 But not like that.

01:55:32.000 Not like that.

01:55:33.000 That's racist.

01:55:34.000 You can't be like that. 1.00

01:55:35.000 You have to want to marry.

01:55:37.000 You have to like the things that we like.

01:55:39.000 You have to want the things that we like.

01:55:41.000 You can't create that.

01:55:43.000 Qualification?

01:55:44.000 That's a racist qualification.

01:55:47.000 Okay.

01:55:49.000 So I have to be okay with a girlfriend?

01:55:54.000 Well, why wouldn't you be?

01:55:55.000 Well, why do I have to be?

01:55:56.000 Do I have to be?

01:55:57.000 No, but why wouldn't you be?

01:55:59.000 Is it because.

01:56:00.000 Well, what's a big deal?

01:56:01.000 I mean, geez.

01:56:04.000 I want my kids to look like me. 0.98

01:56:06.000 I want my wife to have the same values as me.

01:56:09.000 I want my wife to have the same values of me as in liking, like, liking similar.

01:56:16.000 You know, I want my wife to be attracted to somebody like me, not attracted to people that are not like me.

01:56:21.000 I mean, is that like rocket science?

01:56:22.000 I mean, I'm not black. 0.97

01:56:24.000 I want my wife to be attracted to people that are not like me.

01:56:27.000 Why would I want my wife to be attracted to people that are not me? 0.59

01:56:30.000 No, but you have to. 1.00

01:56:32.000 It's racist otherwise.

01:56:35.000 You know, I mean, then people get into this goofy territory.

01:56:37.000 It's like, what is so wrong about that?

01:56:39.000 By the way, this is normal.

01:56:40.000 This is normal. 0.99

01:56:41.000 Everyone used to feel like this for a long time, and now suddenly you're fucking Hitler if you're not okay with it. 0.99

01:56:47.000 You're not 100%. 0.98

01:56:50.000 I think it's a good thing.

01:56:51.000 I like it.

01:56:52.000 No, I mean, no.

01:56:54.000 Sorry, no, I will never cuck on this issue.

01:56:59.000 And I'm not sorry.

01:57:00.000 Sorry, I'm not sorry.

01:57:02.000 But no, I won't have it.

01:57:04.000 And I'm, you know, that's going to be, it's going to be forward.

01:57:08.000 It's going to be uncomfortable.

01:57:09.000 But I'm going to say, listen, it's not going to fly with me. 1.00

01:57:12.000 You got to be Catholic. 0.99

01:57:13.000 You got to be a virgin. 0.77

01:57:15.000 You know, listen, I managed to go my whole life without, you know, doing anything like that.

01:57:20.000 I can't have the same expectation about you?

01:57:20.000 So what?

01:57:23.000 Well, you know, then my wife is going to be. 0.99

01:57:25.000 Well, but I never dated an Asian girl. 0.96

01:57:28.000 But I never dated an Asian girl. 0.98

01:57:30.000 See, that's the difference. 0.99

01:57:31.000 See, that's the difference.

01:57:33.000 That's a difference though.

01:57:34.000 See, but I never dated.

01:57:37.000 I never dated.

01:57:38.000 So that's, so that's, so I just dropped my mouth.

01:57:42.000 So that's why, you know, let's not talk about me.

01:57:46.000 I'm a man.

01:57:47.000 It's very different.

01:57:48.000 I can't control that.

01:57:48.000 I'm a man.

01:57:49.000 I'm a man.

01:57:50.000 It's very different.

01:57:53.000 It's very different.

01:57:54.000 I watch too many movies.

01:57:56.000 I watch too many movies and that's okay.

01:57:59.000 That's why it's exotic to me.

01:58:01.000 I'm a genius.

01:58:02.000 It goes with the territory.

01:58:04.000 I'm an eccentric genius.

01:58:05.000 You think I won't have eccentric, exotic tastes? 1.00

01:58:08.000 Well, why don't you marry some schlub then, okay? 1.00

01:58:14.000 I feel she's already breathing. 1.00

01:58:17.000 My wife is already breathing down my neck. 0.99

01:58:19.000 I could feel her coming, man. 0.97

01:58:21.000 I could feel the already, like in a fourth dimensional way.

01:58:28.000 Before I'm even married, I can already feel it.

01:58:31.000 I can already detect a hateful, watchful eye over me.

01:58:36.000 I can feel the chains dragging me down, and I'm not even married.

01:58:39.000 I don't even have a girlfriend.

01:58:40.000 I've never had a girlfriend.

01:58:41.000 And yet, I could already feel the need to explain. 0.96

01:58:47.000 But it's true.

01:58:48.000 But it's true.

01:58:49.000 It's true.

01:58:50.000 But it's true, though.

01:58:51.000 But it's true.

01:58:52.000 Yeah, I'm built different, all right?

01:58:55.000 I mean, look, and I am built different.

01:58:57.000 I'm an eccentric, sort of, you know, exceptional character.

01:59:03.000 I can't really be held to the same standards as most.

01:59:07.000 People, and that's just a fact.

01:59:08.000 And most people aren't going to like me saying that, but that's just a fact.

01:59:12.000 And, you know, if you can't appreciate that, then you can't be my wife, okay?

01:59:17.000 But, I mean, I'm not like.

01:59:21.000 Anyways.

01:59:24.000 But listen, I keep snapping.

01:59:25.000 That's obnoxious.

01:59:26.000 But I'm dead serious.

01:59:27.000 I'm dead serious.

01:59:29.000 And I see a lot of conservatives won't go out and say it, but I will.

01:59:33.000 A lot of conservatives won't say it, but I will. 1.00

01:59:36.000 I am against interracial relationships. 1.00

01:59:39.000 I'm against it.

01:59:40.000 Most people won't say it, even though they feel it, because they think it's too controversial.

01:59:45.000 It's third rail.

01:59:47.000 But I got to be honest.

01:59:52.000 Anyway, Stevie says The only reason the super chats were bearable last night was that you didn't read Dogfish's super chat.

01:59:58.000 It was a stinky one.

02:00:01.000 Dogfish says Today is Kanye West's 44th birthday. 0.78

02:00:03.000 Have you wished Kanye a happy birthday yet?

02:00:05.000 No, I can't.

02:00:06.000 I'm not on Twitter.

02:00:08.000 Hans says When you tell one of those Kathy metaphors, One can hear the collective, oh boy, here we go again.

02:00:15.000 It's like an emperor telling his servants stories about that one concubine while they pour him another glass of wine.

02:00:21.000 Your Royal Highness must be quite fond of her.

02:00:23.000 Who said that?

02:00:24.000 Who wants to be executed?

02:00:27.000 Is that what it's like?

02:00:28.000 Is that what it's like?

02:00:31.000 It's funny.

02:00:33.000 Everyone enjoys my stories.

02:00:35.000 Isn't that right?

02:00:37.000 If you don't like it, don't ask.

02:00:40.000 Bleed says, How did lugubrious enter the AF lexicon?

02:00:43.000 Doesn't it just mean sad?

02:00:44.000 It's like a meme thing.

02:00:46.000 Jocelyn says, Hi, Nick.

02:00:48.000 I called into the last.

02:00:48.000 It's Jocelyn.

02:00:49.000 Good morning, Groyper.

02:00:50.000 I forgot to ask you, do you like to play chess?

02:00:53.000 Anyway, wanted to buy you a burger and say, God bless you.

02:00:56.000 Hey, well, thanks for the burger.

02:00:58.000 God bless you, too.

02:01:00.000 I used to like playing chess.

02:01:01.000 When I was a little kid, I used to play chess.

02:01:03.000 I used to go to chess camp, and they would give us these chess cookies.

02:01:09.000 You ever see those?

02:01:12.000 They have these chess cookies.

02:01:14.000 What the hell? 0.95

02:01:15.000 They. 0.98

02:01:16.000 Is it Pepperidge Farm?

02:01:18.000 They have these cookies that are in the shape.

02:01:19.000 They're like squares and they have chess pieces molded onto them.

02:01:22.000 So, I used to go to chess camp and they teach you how to play chess and you do, you play games and if you won, they'd give you like a keychain or a cookie.

02:01:34.000 Good times, good times.

02:01:37.000 So, yeah, I used to.

02:01:38.000 Not so much anymore, but thanks a lot.

02:01:45.000 Kato says, just found out my ancestors owned slaves.

02:01:48.000 Based or cringe?

02:01:52.000 Pass. 0.99

02:01:54.000 Polish American Groypers is taxed the rich as a. 1.00

02:01:56.000 It's very evil and cringe. 1.00

02:01:56.000 It's cringe. 1.00

02:01:58.000 Polish American Groypers is taxed the rich. 1.00

02:02:00.000 Oh, I didn't know you were Jewish, by the way, Cato. 0.74

02:02:02.000 Didn't know you were Jewish. 1.00

02:02:04.000 Polish American Groypers is taxed the rich as a gay, broke, chicken head nigga mindset. 1.00

02:02:08.000 These poor losers are jealous because my family's thriving. 1.00

02:02:12.000 These retards honestly think that billionaires get a monthly paycheck in the mail. 1.00

02:02:15.000 Yeah, okay, you're retarded and you deserve to be poor. 1.00

02:02:19.000 Yeah, factual. 1.00

02:02:20.000 Grubbs says, you ever notice how much gay people get off on making normal people uncomfortable? 1.00

02:02:24.000 Especially saying gay stuff about Jesus and Christians. 1.00

02:02:28.000 It's like how Jewish people are about gross toilet humor. 1.00

02:02:31.000 Yeah, I do notice that. 1.00

02:02:32.000 Everybody notices that. 0.96

02:02:34.000 And that's because they're, you know, they're depraved people. 1.00

02:02:38.000 They're sick, depraved people. 1.00

02:02:40.000 And, you know, what they do is offensive. 1.00

02:02:44.000 They know it's offensive, they know it's unnatural.

02:02:47.000 That's why they do it.

02:02:48.000 It's a form of acting out, you know.

02:02:52.000 So that's, you know, that goes with the territory.

02:02:57.000 That's like any dysfunctional person.

02:02:59.000 That's like any dysfunctional person would do that. 0.99

02:03:01.000 You know, it's important to point out that the similarities between the behaviors of gay people are very similar with the behaviors of other kinds of dysfunctional people. 0.98

02:03:09.000 It is a more apropos comparison to compare so called homosexual people with alcoholics or drug abusers or criminals or, you know, other people born in broken homes or, you know, pedophiles, sex predators, perverts than with. 0.98

02:03:26.000 Heterosexuals, because that is who they have more in common with. 0.99

02:03:30.000 The mental illness, the promiscuity, the antisocial behaviors, that's an antisocial behavior. 1.00

02:03:36.000 That's what that is.

02:03:38.000 That's in the same way that any other kind of disturbed person would not understand the boundary.

02:03:43.000 Like, I saw a tweet the other day, and I saw a tweet the other day, and it was some gay guy texting his dad, and the dad was like, Hey, how's it going? 0.86

02:03:54.000 And then the gay son was like, Oh, You know, and he said something really like gross and sexual to his dad, saying, like, oh, I've been having a, basically saying, I've been having a lot of sex lately, but he didn't say it like that. 0.98

02:04:06.000 He said it in like a totally disgusting way to his father. 0.99

02:04:09.000 And his dad was like, oh, well, glad you're having a good time, which is like pathetic from the dad, but you know, he's defeated, whatever. 0.98

02:04:17.000 But, you know, you see that and you're like, pause. 0.89

02:04:20.000 That's not normal.

02:04:21.000 That's not normal for people to behave that way.

02:04:24.000 That's not normal for anyone to talk to their parents that way.

02:04:27.000 That wouldn't be normal for a daughter to talk to her. 0.87

02:04:30.000 Father, that way about her boyfriend or something like that.

02:04:33.000 That's not normal for a son to talk to his own father about girls.

02:04:37.000 That's not normal.

02:04:38.000 That's not a normal way to talk to people.

02:04:42.000 And that's a thing that I, you know, whenever the subject comes up is to stress to people, it's not normal.

02:04:48.000 It's been normalized.

02:04:50.000 That doesn't change the fact that it's very abnormal.

02:04:53.000 And people are beginning to notice.

02:04:54.000 So, yeah.

02:04:56.000 So, yeah, it's a good point.

02:04:58.000 Polish American Groyper says, You've been kind of mean lately to me in my super chat.

02:05:02.000 But I remember the way that your face lit up when I met you for the first time.

02:05:06.000 It was very heartwarming anyway.

02:05:07.000 Keep it up.

02:05:08.000 I know deep down you're a Pac respecter as I am a Nick respecter.

02:05:12.000 Oh, yeah.

02:05:13.000 Did my face light up?

02:05:14.000 Yeah, well, maybe this old chunk of coal has a little heart of gold deep down or something.

02:05:24.000 Yeah, your super chats are just, look, you annoy me deliberately, and then I get annoyed, and you're like, what?

02:05:30.000 Why is this a reaction?

02:05:33.000 British Chads says, I know you're sick of song requests, but you have to put Steal My Sunshine by Len in the playlist.

02:05:41.000 It's a summer song that's related to White Boy Summer.

02:05:43.000 I'm probably not going to do that just because of who you are and.

02:05:46.000 Your track record here on the super chats, I can bet it'll.

02:05:50.000 If it's anything like the super chats, it's going to be cringe.

02:05:53.000 But yeah, I'll write that down.

02:05:56.000 Ethel Reds is saying, Nick, do you know much about Tony Blair?

02:05:58.000 He seems to be behind a lot of the NGOs that push the globalist agenda.

02:06:01.000 Yeah.

02:06:03.000 Yeah, there's a lot of that.

02:06:05.000 The British are a big part of it.

02:06:06.000 It's not just the Jews, it's Atlanticists, it's these NATO governments, it's the British, Anglo elite in America.

02:06:15.000 It's largely Jews, and Jews are the ones that aren't talked about.

02:06:17.000 But yeah, that's a big part of it too.

02:06:20.000 Cato says, Hey, Nick, what's your favorite Confederate song?

02:06:23.000 I'm partial to I Wish I Was in Dixie.

02:06:25.000 It has a nice sound to it.

02:06:26.000 Actually, I'm not a LARPer.

02:06:28.000 Super Lionheart says, The America First had a sleek, great design.

02:06:32.000 Love it.

02:06:33.000 Hey, thanks.

02:06:34.000 I'm glad you like it.

02:06:35.000 I designed it personally.

02:06:36.000 Sort of reminds me of another political leader who sat down and sort of painted an iconic thing.

02:06:43.000 I mean, I'm kind of like that.

02:06:44.000 I'm like a great political leader who sits down and paints and has the vision.

02:06:50.000 For a symbol that would define a movement, a nation, a century.

02:06:54.000 I sat down and I designed the America First hat.

02:06:59.000 So thank you.

02:07:01.000 Ben Sturr says, What is your take on the COVID nasal swab test?

02:07:05.000 I've heard from people in our circles that the swab damages part of the brain and is laced with chemicals.

02:07:10.000 Yeah, I don't know about that.

02:07:12.000 That sounds a little outlandish.

02:07:13.000 I wouldn't, you know, I would believe it, but I don't know if that's true.

02:07:18.000 Haven't looked into that one.

02:07:21.000 Greg Roypers says, if someone has gay attraction but won't act on them, are they gay? 0.73

02:07:27.000 Hmm.

02:07:29.000 It's kind of a tough question.

02:07:30.000 I mean, technically, yes.

02:07:32.000 Technically, yes.

02:07:35.000 Well, it's a tricky thing. 1.00

02:07:37.000 I mean, I would say that that's gay. 1.00

02:07:38.000 I would say, you know, that's gay. 0.98

02:07:41.000 But there's like a Catholic view on it because I've been reading Classical Theist had an interesting post about this very subject on Twitter the other day, and he said that. 0.82

02:07:51.000 You know, to affirm LGBT as a label in itself is demonic.

02:08:00.000 So, if you were somebody who was not acting on it and you were Catholic, but you called yourself gay, Catholic theist says that that's actually a sin.

02:08:10.000 That's actually bad.

02:08:11.000 That's actually a demonic thing to do.

02:08:13.000 So, I guess if you wanted to get technical about it, if you wanted to get, I think the Catholic view of it is technically no.

02:08:21.000 I think, in a, and no, people shouldn't call themselves that. 0.99

02:08:24.000 But in a colloquial sense, you would say, in a colloquial sense, in the same way that, like, I don't know, somebody that likes Reddit or something is gay, I'd be like, yeah, that's pretty fucking gay. 0.90

02:08:37.000 And in the vernacular, I guess you would call that gay, but in a technical way, if you wanted to get technical. 0.95

02:08:46.000 Political language, I guess you'd say it's not.

02:08:50.000 But it is important.

02:08:51.000 Well, it's not so important because that's such a small percentage of the population, but it's important how we treat that.

02:08:57.000 Because to affirm, like, hey, there's gays, lesbians, and transsexuals, no, there's really not. 0.95

02:09:02.000 There's people with sort of these disorder tendencies. 0.70

02:09:04.000 What they really are is same sex attracted. 0.93

02:09:07.000 I don't know what you'd call a trans person.

02:09:09.000 I don't know.

02:09:10.000 Gender dysphoria or something.

02:09:12.000 I think even that lends a little bit too much credence to it.

02:09:15.000 But to affirm the label, to say, oh, there's these people that are gay.

02:09:19.000 Well, no, there's really not, because people aren't born gay, and that's not really a thing that can define a person. 0.73

02:09:26.000 That's a symptom of something. 1.00

02:09:28.000 What defines a person, what maybe comes to define a person, is their sinfulness and their disordered nature.

02:09:35.000 So, you know, it's useful in a vernacular sense, as like a colloquial expression, as like a.

02:09:42.000 To categorize, to label as shorthand, but in a strictly technical way, which you have to be somewhat technical to reform these issues.

02:09:50.000 If we want to fight on the cultural front, we have to be careful about the language.

02:09:55.000 I guess you would say no. 0.95

02:09:56.000 I guess somebody that, to me, somebody that is gay is somebody that is like a gay militant.

02:10:03.000 To me, somebody that is gay is somebody that is like they're somebody that's open, affirming, participating in that.

02:10:11.000 I mean, they are about that. 1.00

02:10:14.000 And these people are the enemies of Western civilization, straight up. 1.00

02:10:22.000 But I would still be like, yeah, that's pretty fucking gay anyway. 1.00

02:10:25.000 It's like, wow, you're attracted to me? 1.00

02:10:26.000 Pretty fucking gay. 1.00

02:10:28.000 But on a technical level, if we were being careful about it, probably not. 1.00

02:10:32.000 MSE Zoom versus Robert Barnes looks like the thumb nibba from Spy Kids.

02:10:38.000 Yeah, well, yeah, I mean, he's got a big fat head, a big fat bald head, and more like a thumb than most people because he's got a lot of skin. 0.54

02:10:45.000 Do you notice the way that his eyes are kind of like buried beneath skin, beneath a layer of fat, facial fat skin? 0.99

02:10:57.000 So, more than most, he looks like a thumb or sort of like a penis or like, I don't know, like a butt, like a butt head. 0.99

02:11:06.000 He looks like a butt or sort of like a, not to get too scatological, but it bears resemblance to like a scrotum or something. 0.99

02:11:17.000 Statics says so much of modern conservatism is just obfuscation of the truth intended to keep the dragon in slumber until it's too late. 1.00

02:11:24.000 It's not Jews, it's not blacks, it's liberal white women, it's weak men. 0.99

02:11:27.000 Yeah, that's it. 0.98

02:11:28.000 Well, I mean, it is, don't get me wrong, it is liberal. 1.00

02:11:32.000 It is white women. 1.00

02:11:34.000 No, that's not really so much the obfuscation. 1.00

02:11:37.000 The obfuscation is to play into the left's moral paradigm.

02:11:42.000 So it's not, you're oversimplifying a little bit there.

02:11:45.000 Libertarian Liam says, What's good, my brother? 1.00

02:11:47.000 I can always rely on real niggas like you to give some advice. 1.00

02:11:50.000 I have the Problem with, I keep playing Red Rocket with my dog Benny. 1.00

02:11:54.000 Please help me.

02:11:55.000 I don't know what that is.

02:11:57.000 Vincent Price says, I snipped that clip of Scott Adams talking about you.

02:12:00.000 It's on Twitter.

02:12:01.000 If you search his name, yeah, I've seen it.

02:12:03.000 I know.

02:12:04.000 I think like 10 people clipped it, and that was a few days ago. 0.96

02:12:07.000 So, Utah Zoomer says, I used to be active on Gab, but it's filled with low IQ boomers and feds. 0.94

02:12:13.000 It's not fun anymore. 1.00

02:12:14.000 Everyone on that app is retarded. 1.00

02:12:16.000 Yeah, well, you know, give it a chance for me, okay? 1.00

02:12:18.000 If we're all on there, then maybe it will be less retarded. 0.99

02:12:22.000 Michael says the Norman Finkelstein versus James Petrus debate is a rare weak moment for Finkelstein. 0.99

02:12:28.000 Petrus exhibits a deep knowledge of foreign policy and the personal histories of the neocon architects of the Bush era.

02:12:34.000 His comments on ethnic loyalty really catch him off guard.

02:12:37.000 It's on YouTube titled Norman Finkelstein versus James Petrus.

02:12:40.000 I haven't seen that.

02:12:42.000 Artie Groypers says, Can we get a brief moment of silence for the 34 crew members who lost their lives on the USS Liberty 54 years ago today?

02:12:49.000 Great show as always, Nick.

02:12:50.000 God bless.

02:12:52.000 Sure, we could do that after the show.

02:12:55.000 But, yeah, totally, totally respect and salute and an honor to the veterans of the USS Liberty.

02:13:03.000 Very tragic.

02:13:04.000 They did a great cover about that on Infowars today.

02:13:08.000 I think that was on American Journal with Harrison Smith, if I'm not mistaken.

02:13:12.000 But they did a really great interview with a survivor of the USS Liberty on Infowars, worth checking out. 0.99

02:13:17.000 Everybody says they're shills for Israel.

02:13:19.000 They're covering the USS Liberty, really.

02:13:21.000 So great job to them. 0.87

02:13:23.000 And 07 for our fallen crew members that were killed by the Jewish state of Israel intentionally. 0.74

02:13:29.000 Maxi Stoneman says Trump is doing a speaking tour with Bill O'Reilly. 0.90

02:13:32.000 At least we know he's a patriot and most certainly not a pinhead.

02:13:35.000 Yeah. 0.97

02:13:36.000 Space kanks, the Democrats are importing new voters from other countries to stay in power. 0.79

02:13:40.000 Could Republicans.

02:13:42.000 Do something similar by stopping Democrats from moving in and changing these states?

02:13:46.000 I don't know if there's anything that they could do legally to prevent internal migration.

02:13:50.000 No.

02:13:52.000 Salvador says, Hey, Nick, have you heard of NASA saying they don't have the technology to go to the moon anymore?

02:13:58.000 Do you think they were lying or did NASA really regress in their tech?

02:14:01.000 I think it's possible that they lost the ability.

02:14:03.000 I do.

02:14:05.000 Raul says, Ryan Gerdesky has mighty sussy Twitter likes.

02:14:09.000 What are his Twitter likes?

02:14:09.000 Really?

02:14:11.000 Honestly, Ryan Gerdesky's pretty fucking sussy. 0.99

02:14:14.000 All of the time. 0.99

02:14:15.000 I mean, he's sussy with what.

02:14:17.000 What was he saying the other month? 0.96

02:14:19.000 He said, like, RIP to the whatever club, RIP to the piss club. 1.00

02:14:26.000 For 30 years, the piss club was home to freaks and weirdos and trannies and faggots and gay people and pedophiles and midgets and leprechauns. 1.00

02:14:38.000 And that's where I grew up. 1.00

02:14:40.000 And that was like my home. 1.00

02:14:41.000 And it's like, what the fuck? 1.00

02:14:42.000 Nigga, what the fuck? 1.00

02:14:46.000 So, yeah, he's got some pretty sussy tweets, quite honestly. 1.00

02:14:50.000 But are you referring to something in particular? 0.95

02:14:52.000 I'm in here.

02:14:52.000 I'm here.

02:15:02.000 I don't see anything.

02:15:03.000 I don't see anything too sussy.

02:15:07.000 You got to tell me what it is because I can't.

02:15:09.000 This guy's on Twitter all day long.

02:15:10.000 I can't see everything.

02:15:13.000 That's a nice picture of Cernovich and his family.

02:15:15.000 That's nice.

02:15:17.000 They're getting ice cream.

02:15:18.000 That's wholesome.

02:15:21.000 I don't know.

02:15:22.000 Yeah, but honestly, I've seen enough sus from Ryan Gurdusky. 0.98

02:15:25.000 He's officially a sussy guy. 0.99

02:15:30.000 Sussy individual for sure. 1.00

02:15:32.000 He unliked it. 1.00

02:15:33.000 He unliked it.

02:15:34.000 Well, what was it?

02:15:35.000 What was it?

02:15:36.000 Who cares?

02:15:37.000 We've seen it.

02:15:37.000 We've seen enough.

02:15:38.000 What was that tweet about that club?

02:15:40.000 What the hell was that club called? 1.00

02:15:49.000 He liked the picture of a gay midget. 1.00

02:15:53.000 Honestly, the tweet about the club was worse. 1.00

02:15:56.000 And then he gets ratioed.

02:15:57.000 Everybody's like, what the hell are you talking about?

02:16:00.000 Time King says, forever has more will be given, and he will have abundance.

02:16:04.000 But whoever does not have, even what he has, shall be taken away from him.

02:16:08.000 So true. 1.00

02:16:09.000 So true. 1.00

02:16:11.000 Super Lionheart says, African School of Economics be like, give me that. 1.00

02:16:16.000 Very funny.

02:16:16.000 Very original.

02:16:18.000 Modern Monarchist.

02:16:19.000 Says, I got a really cool book titled Folk What It Means to Be a People.

02:16:23.000 Really in depth book, yet funny for many different people around the West.

02:16:27.000 You should take a look.

02:16:28.000 A really good book to watch a sunset or eat coffee cake to. 0.98

02:16:32.000 Oh, yeah, I'll fucking do that. 0.92

02:16:33.000 Yeah, I'll go get a book and I'll watch a sunset eating coffee cake to it too. 0.96

02:16:38.000 Yeah, I'll sit on the patio with my legs crossed and maybe I'll have a little tea with that and everything, right?

02:16:50.000 I'll braid my hair.

02:16:54.000 Is it deliberate?

02:16:54.000 I don't know, man.

02:16:55.000 Is this guy like the most insane sociopath ever in the history of the world? 0.92

02:17:00.000 The kind of things that he says, it's like, this is a guy that's going to go out and commit a mass murder. 0.99

02:17:05.000 Kidding, kidding, kidding, kidding.

02:17:07.000 I'll never say that.

02:17:08.000 That's a mean thing to say.

02:17:09.000 But it's like, that's the level of insanity that I glean.

02:17:13.000 It's sort of like in Silence of the Lambs when Hannibal Lecter eats the guy's face and then he just goes back to listening to music.

02:17:20.000 Then he's like, hey, mind the drawings.

02:17:22.000 And then he goes and rips the guy's trachea out with his teeth.

02:17:25.000 Like, That's a guy that's gonna.

02:17:30.000 That's one to watch.

02:17:30.000 That's a guy.

02:17:32.000 Nah, just kidding.

02:17:33.000 We love him.

02:17:34.000 We love him.

02:17:34.000 He's a little quirky.

02:17:35.000 He's a little quirky.

02:17:36.000 He's admittedly.

02:17:37.000 Thank you, admit he's a quirky guy, but we love him for it.

02:17:40.000 He's very funny.

02:17:41.000 Really good book to watch a sunset or eat coffee cake to.

02:17:44.000 Is that what it is?

02:17:44.000 Is it?

02:17:46.000 Maybe I should give that a try.

02:17:47.000 Maybe I would be not so hateful and angry if I did that.

02:17:50.000 Maybe I'd be more pleasant and kind like you if I were doing that.

02:17:55.000 I guess I'm just such a hate filled, negative person.

02:18:00.000 My mom always tells me, you know, hate poisons the vessel it's contained in.

02:18:06.000 And then all day long, she's like, you know, this one and that one.

02:18:11.000 And I'm like, mom, you know, hate poisons the vessel. 1.00

02:18:14.000 You know, my mom will be going on and on about, you know, the usual Italian kind of stuff. 0.83

02:18:20.000 Holden Groibfield says, just here to pay my AF tax. 0.70

02:18:23.000 Hey, thanks.

02:18:24.000 Modern Monarchist says, shout out, big shout out to Scrooge McDoug Groyper.

02:18:28.000 Guys, the king and totally underrated when it comes to content.

02:18:31.000 Very good humor.

02:18:32.000 Has this Daniel Day Lewis look about him.

02:18:34.000 Oh, very good.

02:18:36.000 Green Ghost says, Well, after this show, I figured this is a few bucks less I can spare on a rope.

02:18:40.000 Anyway, is it too late to add Fly by Sugar A to the White Boy Summer playlist?

02:18:44.000 It's on there, okay?

02:18:45.000 Please, no more recommendations.

02:18:48.000 I can't take it anymore.

02:18:50.000 I don't want your recommendations anymore.

02:18:53.000 Doomer Squidward says, Tithe.

02:18:54.000 Thank you, Doomer Squidward.

02:18:55.000 Big shout out.

02:18:56.000 We love him.

02:18:58.000 Black Knight says, Americans tolerate 1% property tax and then wonder why everybody ends up poor.

02:19:04.000 If our politicians raised property tax, Tax over 0.1%, there would be a revolution.

02:19:11.000 You think?

02:19:13.000 Notbot says recently did a tax internship at a CPA.

02:19:17.000 Everything you said is 100% true.

02:19:19.000 The amount of rich avoid tax is disgusting.

02:19:22.000 The amount the rich avoid tax is disgusting.

02:19:24.000 The 100K income earners paid more 90% of the time than the rich guy.

02:19:28.000 Yeah.

02:19:29.000 Yeah.

02:19:30.000 And it doesn't take a super sophisticated knowledge to understand the general framework of how this works.

02:19:36.000 It's just about how.

02:19:37.000 Income is taxed.

02:19:39.000 It's just all about how the money is moved around and manipulated.

02:19:41.000 Then, you know, it's simple as they're not income earners.

02:19:47.000 They're not making money from investment dividends or sale.

02:19:51.000 They're making money from appreciation.

02:19:53.000 And they're just turning that into cash without creating a taxable event.

02:19:58.000 It's that simple.

02:19:59.000 And it's unavoidable to do it any other way.

02:20:01.000 It's unavoidable if you're an income earner, if you sell assets or something.

02:20:06.000 So it's that simple.

02:20:08.000 PewDiePie says, Groypers, watch Graham Steven, best financial literacy YouTuber, live below your means, get a credit card.

02:20:14.000 Cards, start contributing to a Roth IRA. 0.65

02:20:17.000 Don't get into bad debt.

02:20:18.000 God bless.

02:20:18.000 Yeah, I watch some of his stuff.

02:20:20.000 He's pretty funny.

02:20:21.000 He's pretty funny.

02:20:22.000 I like him.

02:20:22.000 He's kind of like chipper and funny.

02:20:26.000 So I've seen his videos.

02:20:28.000 I like him a lot, actually.

02:20:30.000 He's a pretty funny guy.

02:20:34.000 But, you know, here's the rub with that guy.

02:20:38.000 I like him personally, but the guy is like, here's how I became a millionaire at 20, whatever.

02:20:45.000 And he goes around giving investment advice and he's talking about real estate and da da da.

02:20:49.000 And I got my real estate license.

02:20:51.000 And then he actually gave a breakdown of his income, and like 80% of his income is from his YouTube channel.

02:20:58.000 So, you know, don't get me wrong, he gives good advice, but he comes at it authoritatively like, well, hey, I'm a millionaire and I have a real estate license and I made my money through real estate.

02:21:11.000 I made my money because I bought a duplex and one unit paid off my living and I. Make my own coffee.

02:21:17.000 And it's like, well, didn't you make $600,000 last year off of YouTube?

02:21:20.000 I don't know if that's, I don't know if you could make your own coffee your way to making $600,000 from YouTube in a year, right?

02:21:28.000 Because that's the thing.

02:21:30.000 It's like, you know, yeah, if investment advice is go out and start a wildly successful YouTube channel that makes you more than half a million dollars per year, I mean, you're authoritative and making investment advice like that, but trying to pass yourself off like, Well, I'm this investment guru, and you know, if you do what I do, if you make your coffee at home, and if you buy a duplex, and with this simple trick, you too could become a millionaire at 22, it's like,

02:21:58.000 well, didn't you become a millionaire because you made half a million dollars off of YouTube?

02:22:04.000 Not quite the same thing.

02:22:10.000 So, so this, what is his name?

02:22:13.000 Stephen Graham, Graham Stephen, smart guy.

02:22:16.000 Funny, I like him.

02:22:18.000 I like his personality.

02:22:19.000 I like his videos.

02:22:20.000 He gives sound advice, but you know, like I said, he tries to present himself as like, you know, I made my money because I live in a duplex and I don't eat out very much and I eat Uber Eats.

02:22:30.000 And it's like, well, you know, Newsflash, even if you ate Uber Eats every night, you would still be making more money than anybody else who's working a job that has a lower salary than you make from your YouTube income.

02:22:43.000 And that's the reality. 0.99

02:22:44.000 Like, look, you know how you make money, make more fucking money. 0.99

02:22:48.000 You know, people go like, well, you know how you make money, here's a trick. 0.99

02:22:52.000 Watch an advertisement and get paid 30 cents.

02:22:56.000 Get a free stock when you download Robinhood.

02:22:58.000 No, sorry, that's not going to make you rich.

02:23:01.000 You know how you make money?

02:23:03.000 Make lots of money.

02:23:04.000 You know how you make lots of money?

02:23:05.000 Invest lots of money.

02:23:07.000 If you don't make lots of money and if you don't invest lots of money, it's going to be a real trick to have lots of money.

02:23:14.000 It's just that simple.

02:23:15.000 It is really just that simple.

02:23:18.000 And don't get me wrong, be frugal and all of that, but that works to an extent.

02:23:25.000 That only works to an extent.

02:23:27.000 And the kind of thing that they recommend, where it's like build an investment portfolio, invest a small percentage of your income every year, you're going to be a millionaire when you retire, when you're 65.

02:23:39.000 You're going to have $1 million when you turn 65 if you have a modest investment strategy, right?

02:23:45.000 So, you know, you have to understand what you can expect to get out of that stuff.

02:23:50.000 Everybody's pushing this kind of thing, they say, well, we're not in favor of get rich quick, but what it really means is like never get rich.

02:23:58.000 Because somebody like him who makes a million dollars per year could eat coffee, he could have the coffee Uber Eats to him, delivered to him through Uber Eats every day, two times a day.

02:24:13.000 That's totally frivolous.

02:24:15.000 But he could do that and still have more money and make more money than a totally frugal person making an average salary.

02:24:22.000 And have more money left over and more money to invest and make more money from his investment gains.

02:24:27.000 And the money that he makes from his investment gains and the money that he has left over is going to take him further and he'll accumulate at a faster rate.

02:24:36.000 So, you know, these guys, they have millions and millions of dollars and they're like, hey, don't drink Starbucks coffee.

02:24:41.000 Well, you know, again, If you only make a certain amount of money, you're never going to make more than that amount of money until you make more money.

02:24:50.000 Right?

02:24:50.000 People go like, well, I only make $50,000 per year, but if I don't drink coffee from Starbucks, I'll have more of that $50,000 at the end of the year than otherwise.

02:25:00.000 Okay, but even if you saved all of it, you would still have $50,000.

02:25:05.000 Even if you worked for 10 years and had no expenses and saved all of it, you would have half a million dollars.

02:25:10.000 Half a million dollars is, I mean, that's a lot of money.

02:25:14.000 But that's not rich, life changing, crazy amount of money.

02:25:18.000 That's a small fortune, don't get me wrong.

02:25:21.000 But we're talking about 10 years, no expenses, you know, on a modest income that nobody's in a capacity to live like that.

02:25:29.000 And they still would not be a millionaire.

02:25:31.000 And by the way, because of inflation, it would be less than it was when you started 10 years before.

02:25:37.000 So the idea that like cutting out costs is going to save you, I mean, it can if you take that capital and you turn that into a business or you turn that if you.

02:25:47.000 If you buy stocks and, you know, if you're, by the way, I don't recommend day trading.

02:25:52.000 It's almost impossible to make money day trading.

02:25:56.000 But if you get lucky, some people bought crypto early on and then it went a thousand times.

02:26:01.000 So they're like, well, I'm a real investor.

02:26:03.000 Well, were you?

02:26:04.000 That's like boomers in the 80s thinking that they're like real stock experts.

02:26:08.000 I'm a real stock expert. 0.58

02:26:09.000 I made a fortune in the 80s and 90s. 0.99

02:26:11.000 Oh, when you literally couldn't fucking lose?

02:26:13.000 And that's like somebody buying Bitcoin after the crash in 2017 and making it back and being like, I'm quite the investor. 0.70

02:26:20.000 Are you?

02:26:22.000 It was impossible not to make money off of crypto if you bought before 2017 and if you bought after 2017.

02:26:29.000 Even if you bought at the peak of 2017.

02:26:31.000 If you bought at the peak of 2017, you would have tripled your money.

02:26:34.000 So, you know, so that's a very important thing to understand about money the only way to have more money is to make more money, not to spend less.

02:26:45.000 If you spend less, you'll have more at the end of the day, but you won't have more than you make.

02:26:50.000 So, the only way to make more money is to make more money.

02:26:53.000 The only way to have more money is to make more money.

02:26:55.000 It is to save more money.

02:26:56.000 The only way to save more money is to make more money.

02:26:59.000 So, and the only way to make more money is to do a venture.

02:27:02.000 To go out and start a business, start a hustle, sell something, right?

02:27:09.000 Do a service, start a business, open a store, right?

02:27:13.000 That seems to be the only way that you're going to get those levels of wealth.

02:27:18.000 How did Mark Zuckerberg get his fortune?

02:27:20.000 Did he get it by not drinking coffee from Starbucks or did he get it from starting Facebook?

02:27:24.000 Okay?

02:27:26.000 And some people make a company and sell it.

02:27:28.000 Some people, right?

02:27:29.000 Some people learn a skill, a really in demand skill, and they make lots of money because it's an extremely scarce and difficult skill. 1.00

02:27:41.000 But you're not going to make money being a fucking jerk off and being frugal. 0.99

02:27:46.000 Sorry, I don't like to say that because it's good to be frugal and all of that. 1.00

02:27:50.000 But if all you're doing is like go to work, come home, and screw around, and oh, but you make your own coffee, you're not really going to make it.

02:28:00.000 So, I don't really like that about these kinds of people.

02:28:03.000 Like I said, this is a guy who has a YouTube venture.

02:28:06.000 He got his real estate license, yeah, but that's not how he made a million dollars.

02:28:09.000 He made a million dollars by, there's no life hack where it's like, become a real estate agent, it's super easy.

02:28:14.000 Life hack, flip a house.

02:28:16.000 Okay, well, he did that, and that accounted for like a quarter of his income and probably a smaller proportion of his wealth.

02:28:25.000 He started a YouTube channel.

02:28:26.000 So, really, it's more like, well, go and start out a YouTube channel that nets you millions of dollars.

02:28:32.000 Simple, right?

02:28:34.000 By the way, don't go to Starbucks.

02:28:36.000 Oh, thanks for the advice.

02:28:38.000 So I like him, great personality, but that's a little bit almost dishonest to me to present yourself like self made.

02:28:44.000 He is a self made millionaire, but he didn't self make himself with tricks and life hacks.

02:28:50.000 Life hack, you know, life hack, don't buy anything, live in like squalor, have a shitty living space, don't buy that office supplies that you need.

02:29:05.000 Make a DIY thing.

02:29:06.000 Make a DIY photo frame or make a DIY whatever.

02:29:10.000 Don't spend five more dollars to just buy something.

02:29:13.000 Waste all your time and save that five dollars and invest it into Apple.

02:29:18.000 Save that five dollars and invest it into the SP 500 index fund.

02:29:22.000 And in 50 years, that'll be worth $100.

02:29:26.000 And that'll add up.

02:29:28.000 Eventually, you could save $20,000 by the time you turn 65.

02:29:33.000 And that's a lot of money.

02:29:36.000 Try and find spirit change in your couch and invest it into an index fund, the most conservative asset class you can buy. 0.99

02:29:44.000 Find fucking loose change. 0.97

02:29:45.000 Find pennies on the sidewalk and invest it into a stock index. 0.99

02:29:53.000 And in your Roth IRA that you can't access until you're 65.

02:29:57.000 Yeah, great idea.

02:29:59.000 That is how you're going to get the life that you want.

02:30:02.000 That is how you're going to get financial independence.

02:30:05.000 Sell your childhood video games.

02:30:07.000 Sell.

02:30:08.000 You see that old PS2 that brings you some marginal happiness?

02:30:12.000 Sell that for $20 and invest it in Apple.

02:30:15.000 Sell that for $20 and invest it in a blue chip stock.

02:30:18.000 Invest it in Coca Cola.

02:30:20.000 And in a thousand years, that'll be worth $10,000.

02:30:24.000 And you know what you could buy with $10,000?

02:30:27.000 A used car.

02:30:28.000 And that'll be freaking awesome.

02:30:31.000 This is where the savings begin. 0.97

02:30:36.000 So people got to get fucking real. 0.98

02:30:38.000 They got to get real. 0.99

02:30:39.000 Wake up.

02:30:40.000 Wake up.

02:30:41.000 If getting rich were easy, everyone would do it.

02:30:47.000 And everyone's not doing it because it is hard and because you have to be creative.

02:30:50.000 So if you're not doing something that is hard and creative and something that no one else is doing, then you're not going to get rich.

02:31:00.000 With some exceptions, right?

02:31:01.000 But that's really what it comes down to.

02:31:03.000 People think, like, oh, here's this thing that has obviously high barriers to entry.

02:31:07.000 Well, I can probably just figure out a trick and how do you.

02:31:11.000 What's the trick?

02:31:12.000 Buy a New York Times bestselling book.

02:31:15.000 Okay, yeah.

02:31:16.000 Good luck.

02:31:19.000 You know, you're just going to download, you're going to read inspirational quotes every day.

02:31:23.000 No one else is equipped to do that.

02:31:25.000 No one else is doing that.

02:31:28.000 No one else has the fortitude to do more things on their phone when they wake up first thing in the morning.

02:31:35.000 So, you want to get rich.

02:31:37.000 No one is getting rich.

02:31:39.000 It's very difficult.

02:31:40.000 So, you have to be doing something that's really difficult and something that no one else is doing.

02:31:45.000 You know what a lot of people are doing?

02:31:46.000 Just messing around.

02:31:47.000 Messing around, going to their job, not really putting any thought into anything, not really thinking about getting ahead.

02:31:54.000 They're not anxious.

02:31:56.000 Anxious.

02:31:57.000 About not having money, and that's what you have to be.

02:32:02.000 So, anyway, so that's my advice.

02:32:06.000 That's my advice to you.

02:32:07.000 All right, where was I? 0.99

02:32:15.000 Black Swans is just t shirt cannon copies of Rich Dad Poor Dad to fix the wealth inequality issue in a few weeks. 0.95

02:32:21.000 It's that simple.

02:32:22.000 Yeah, there you go.

02:32:23.000 That's actually a good book.

02:32:24.000 I read that book when I was a kid.

02:32:27.000 And, you know, there's some good advice in there.

02:32:29.000 Modern monarchist says faith is 32.

02:32:31.000 Man, she looks so good still.

02:32:33.000 If she wasn't married and five years younger, she could be all yours. 1.00

02:32:37.000 Five years if she was 27. 0.98

02:32:40.000 I don't know about that.

02:32:41.000 But yeah, no, she's a very pretty girl.

02:32:44.000 And yeah, she looks great. 0.79

02:32:45.000 She looks straight for age. 0.58

02:32:48.000 She looks straight, period.

02:32:48.000 I'm not saying like for your age.

02:32:50.000 I'm saying she looks great.

02:32:51.000 She really does.

02:32:52.000 And very, very striking appearance. 0.99

02:32:55.000 She's tall. 0.56

02:32:56.000 She's very tall.

02:32:58.000 That's obviously something that appeals more to taller men, of which I am one of them.

02:33:03.000 Of which I am one of those taller men.

02:33:06.000 But very tall, you know, big eyes.

02:33:09.000 So she's very pretty.

02:33:11.000 PewDiePie says, Groypers, just read that.

02:33:14.000 Super Miauskers says, I will become rich and famous and promote and give money to AF.

02:33:18.000 I promise.

02:33:19.000 Well, we got to do that. 0.94

02:33:21.000 We got to have, imagine if we had 100 Groypers get rich and they all gave lots of money to America first. 0.99

02:33:27.000 That's what I'm sort of counting on. 0.97

02:33:29.000 I'm sort of counting on that.

02:33:30.000 We've got a few people that have, no cap, we've got a few people that have done that.

02:33:34.000 I've said that for years.

02:33:35.000 I said, you know what?

02:33:36.000 I'm counting on this show. 0.62

02:33:37.000 I'm counting on one of you Zoomers to get rich, become a chain link millionaire, and start giving money to the show.

02:33:43.000 And that's honestly happened like three or four times.

02:33:50.000 Yeah, you know, five dimensional, five dimensional thinking.

02:33:55.000 And God bless those people.

02:33:56.000 We need those people.

02:33:57.000 We need our genius entrepreneurs, our genius investors.

02:34:03.000 But we need lots and lots of them.

02:34:04.000 We need as many of them as possible because they've got multi billionaires, they've got George Soros.

02:34:10.000 But it's already happened.

02:34:11.000 And statistically, some of you guys are going to make it.

02:34:15.000 And just you got to remember to kick it back.

02:34:17.000 When you become a doctor, lawyer, crypto millionaire, crypto billionaire, you'd start the next Facebook.

02:34:22.000 You got to remember what I'm trying to do for the country.

02:34:25.000 Please don't give it to Matt Walsh.

02:34:27.000 Don't give it to these.

02:34:28.000 You know I'm the real deal.

02:34:29.000 They've got billionaires already, they got the Wilkes brothers.

02:34:33.000 So we can do it anonymously, we could do it to protect your identity, but that's how it's got to be. 0.89

02:34:40.000 Modern monarchist says Tony Soprano, who, by the way, was a strict Catholic, was against race mixing. 0.74

02:34:46.000 His daughter was dating a biracial black Jew.

02:34:48.000 His name was Jamal Ginsburg. 0.98

02:34:49.000 Tony called them the Hasidic homeboy killed me. 0.97

02:34:51.000 Yeah, I know. 1.00

02:34:52.000 I've seen that show.

02:34:54.000 Jesse Winfrey says, Howdy, Nick.

02:34:56.000 This is like a guy explaining family guy.

02:34:58.000 Well, Peter Griffin goes to this bar called the Drunken Oyster, and he has a friend in a wheelchair who's a police officer.

02:35:05.000 Oh, thank you.

02:35:06.000 Jesse Winfrey says, Howdy, Nick.

02:35:08.000 Hope everything is well.

02:35:09.000 I ain't had much going on recently, but I've been working cows more regular since summer has started.

02:35:14.000 I also started going back to the gym recently, and I've lost three pounds the last two weeks.

02:35:18.000 Maybe my pants will start to fit again.

02:35:20.000 God bless Nick and the Groypers.

02:35:22.000 Hey, man.

02:35:22.000 Well, thanks a lot.

02:35:24.000 Hope it's all good with you, buddy.

02:35:25.000 We love Jesse Winfrey.

02:35:27.000 What a guy.

02:35:28.000 Great meeting you at AFPAC.

02:35:31.000 Hopefully, I'll see you soon. 0.99

02:35:32.000 Hopefully, I'll see you for a white boy summer party very soon. 0.99

02:35:36.000 But sounds good. 0.98

02:35:38.000 Glad you're spending time with the cows.

02:35:40.000 I hear cows are great pets.

02:35:41.000 I hear they're very intelligent and lovable, like dogs are.

02:35:45.000 I think I read that somewhere.

02:35:46.000 And a friend of mine got a cow, and he loves the cow.

02:35:51.000 So that sounds good.

02:35:52.000 Tactical Nuke says studies have shown the DNA qualities of previous sexual partners appear in future offspring from separate sexual mates.

02:36:00.000 Horse and dog breeders often prefer a female without a breed history.

02:36:03.000 Yeah, it's called microchimerism, and it's real.

02:36:07.000 Jeremiah says, I was talking to my mom about race mixing today, and I asked what she thinks about people who are against it. 0.99

02:36:12.000 And she said she thinks they are stupid and that two heritages makes it more rich. 0.99

02:36:18.000 Two heritages. 1.00

02:36:20.000 And he spelled the T O. Two heritages.

02:36:22.000 T O makes it more rich. 0.97

02:36:24.000 Yeah, well, your mom's wrong. 0.95

02:36:26.000 Holden Groibfield says, even a lot of my apolitical friends would never accept being with a girl who's been with a black guy.

02:36:31.000 Really not that abnormal. 1.00

02:36:33.000 And the white girls that are with black guys are literally all repugnant creatures who look like Vosh. 1.00

02:36:37.000 Very true. 1.00

02:36:39.000 They can have them, as far as I'm concerned.

02:36:41.000 Modern Monarchist says, Hey, Pag, his face lit up, huh?

02:36:44.000 When I told Nick who I was, he was looking for the exit man.

02:36:46.000 That's not true.

02:36:47.000 That is not true.

02:36:50.000 Not true at all.

02:36:53.000 Ethelred says, Hey, Nick, how did you develop your different Super Chat voices?

02:36:57.000 I don't know. 1.00

02:36:57.000 Just imagining different kinds of retards, I guess. 1.00

02:37:01.000 And some very brilliant people, brilliant minds. 1.00

02:37:04.000 Modern monarchist says being a gay or a sodomite means you actually commit the act. 0.99

02:37:09.000 You catch instead of pitch. 0.99

02:37:11.000 If someone knows they're gay, they need to fight it like any kind of temptation or evil impulse.

02:37:15.000 It's like being proud of or identifying as your favorite mortal sin.

02:37:18.000 Yeah, it'd be like saying, hey, I'm like a.

02:37:20.000 Well, I don't want to say that.

02:37:22.000 That'd be some clip if I said that.

02:37:24.000 It'd be like saying, hey, I'm an alcoholic.

02:37:26.000 Hey, I love heroin.

02:37:28.000 And I do heroin all the time.

02:37:30.000 And I love that.

02:37:31.000 I'm proud of being addicted to heroin. 0.77

02:37:32.000 And I'm proud of being a murderer or something.

02:37:36.000 Yeah, I'm proud of.

02:37:40.000 The thing is, for a long time, it was something that was so obviously humiliating.

02:37:45.000 Something that's so obviously degrading that people would not want to be proud of that, even in a funny way.

02:37:55.000 In a moral society, nobody would want to say that.

02:37:57.000 Even today, nobody, well, not nobody, but it's still not quite the same.

02:38:03.000 You could say, like, oh, I'm an alcoholic and I like to party, and it's funny or whatever.

02:38:08.000 And still, it's kind of a cell phone, no matter what, to say that you're gay. 1.00

02:38:13.000 But, yeah, I guess that's a good point. 0.81

02:38:16.000 If you're somebody that wants to be an alcoholic but doesn't drink, then I guess you're not an alcoholic.

02:38:21.000 So I guess that's a good point.

02:38:23.000 Cato says it's an aquiline nose, Nick. 1.00

02:38:25.000 Not Jewish. 1.00

02:38:26.000 Stop butt breaking me. 1.00

02:38:27.000 Oh, I see. 0.58

02:38:28.000 There it is.

02:38:29.000 Yeah, I guess Trey Politics would argue the same thing, right?

02:38:33.000 And, yeah, I see it all the time.

02:38:36.000 Do I have an aquiline nose?

02:38:37.000 Not really.

02:38:41.000 My ancestors had a Roman nose on my Italian side. 0.83

02:38:48.000 Which is similar.

02:38:49.000 Modern Monarchist says, I was protesting outside of a gay rally in my home county, and I took a pamphlet from them that said, Some experts say that one in 10 people in the world may be gay or lesbian. 0.96

02:38:59.000 Lies!

02:39:01.000 Yeah, no, that's probably an overestimation. 0.95

02:39:05.000 But I think it will increase as it becomes more permissible.

02:39:08.000 I think it will increase because it's about immorality.

02:39:11.000 I don't know that there's a fixed number of people.

02:39:14.000 At a time, it was something like 1% or 3% of the population, but.

02:39:18.000 I would not be surprised if over time the amount of people that are considered sexually fluid or bisexual or something like that, and just a regular category of same sex attracted, I wouldn't be surprised if that increased over time.

02:39:34.000 Nick Frazier says, How do I survive high school?

02:39:37.000 As a supporter of you, I've been forced to leave two schools already. 0.99

02:39:40.000 That doesn't even sound right, but just shut up. 0.99

02:39:42.000 Just don't talk about it. 0.96

02:39:44.000 That sounds like a made up story, but if you're really asking, then yeah, just don't be open about it.

02:39:51.000 Bastarisk says, isn't there something in the Talmud about they need to genocide a rival nation before that nation genocides them first?

02:39:58.000 Which is why psychos like Dave Rubin are so paranoid about non Jews.

02:40:02.000 That kind of stuff is all over the Talmud, man.

02:40:05.000 There's a great article by Ron Oons.

02:40:08.000 It's called, what is it called?

02:40:10.000 Peculiarities of the Jewish Religion or something like that. 0.99

02:40:14.000 And very, very interesting about what goes on there. 0.96

02:40:21.000 What the hell is it called?

02:40:23.000 Oddities, Oddities of the Jewish Religion by Ron Oons.

02:40:27.000 Very interesting stuff.

02:40:28.000 And that is all over the Talmud.

02:40:32.000 It is all over the Talmud. 0.99

02:40:33.000 Things that are exactly like that.

02:40:37.000 So I encourage people to read that article if they're interested in that subject because it'll surprise you, some of you.

02:40:43.000 Kai Clips says, Catching your show while closing at my job.

02:40:46.000 Very cozy. 1.00

02:40:47.000 Thanks for making the annoying white woman customers more bearable by the end of the day. 1.00

02:40:50.000 Hey, thanks for the super chat. 1.00

02:40:51.000 Thanks for watching, Kai.

02:40:53.000 Do we love Kai Clips?

02:40:55.000 Solid guy, solid, robust.

02:40:58.000 A really robust individual.

02:41:01.000 Robust, physically robust, sort of in a fortitudinal sense. 0.83

02:41:08.000 And there's a robustness about this Kai Clips individual.

02:41:13.000 You know, nothing sussy about Kai Clips. 0.99

02:41:17.000 You know, there's a lot that could be said about many people, there's a lot of sussy people in the world. 0.98

02:41:26.000 Kai Clips is not one of them. 1.00

02:41:27.000 So thank you, Kai Clips.

02:41:28.000 Do we love this guy or what?

02:41:30.000 Spurt says, I can't remember when I first started. 0.99

02:41:33.000 And hey, and he wore the shit out of that America First hat. 0.99

02:41:36.000 Can I just say Kai Clips is wearing the shit out of that AF hat? 1.00

02:41:39.000 Average America First enjoyer. 0.99

02:41:43.000 Spurt says, I can't remember when I first started watching AF.

02:41:46.000 My only point of reference is that you were still pronouncing the word banal as banal.

02:41:50.000 I don't know what you're talking about.

02:41:51.000 I've never mispronounced that word before.

02:41:54.000 Jackson Adams says, What's up, Nick?

02:41:57.000 Going to come to Chicago to see Jaden here soon.

02:41:58.000 You'll have to meet up with us.

02:42:01.000 Jackson Adams?

02:42:01.000 Really?

02:42:03.000 To what do I owe the pleasure?

02:42:05.000 Is that the real Jackson Adams?

02:42:09.000 Don't be trolling me.

02:42:10.000 Don't be trolling me.

02:42:11.000 I'll be so freaking disappointed if Jackson Adams doesn't visit us in Chicago.

02:42:16.000 Hit me up, bro.

02:42:17.000 If you're in Chicago, let's go.

02:42:20.000 We'll get Chicago style hot dogs.

02:42:21.000 We'll have the full experience.

02:42:23.000 Lance wanted no part of it.

02:42:24.000 Can you believe this?

02:42:26.000 Frankly, You know, there's something going on there.

02:42:31.000 Lance, he's not a killer.

02:42:34.000 That's why he didn't.

02:42:34.000 He doesn't have it.

02:42:36.000 He missed out on the Chicago trip, didn't take the Chicago trip.

02:42:42.000 And honestly, we were like, I was like, dude, why did you invite Lance?

02:42:46.000 But he didn't even go.

02:42:47.000 He wound up kind of like weaseling his way into it.

02:42:50.000 And they didn't even go.

02:42:51.000 He didn't even go on the trip.

02:42:53.000 He said, oh, I don't have the money.

02:42:55.000 And then he's going to this other thing, and it's like, okay.

02:42:59.000 Okay, suit yourself.

02:43:01.000 Too cool, I guess.

02:43:02.000 But you know what?

02:43:03.000 Jackson Adams is a total Chad.

02:43:05.000 Jackson Adams, you know, Jackson Adams is stunning all over Lance Video's life, as far as I'm concerned.

02:43:12.000 I am totally team Jackson Adams.

02:43:15.000 So, hey, looking forward to it, man.

02:43:17.000 That sounds very good to me.

02:43:19.000 If it's not, I'll be heartbroken.

02:43:19.000 I hope that's real.

02:43:21.000 Truly heartbroken.

02:43:23.000 But, yeah, I hope you have a little bit more smarts than.

02:43:28.000 Kai Cliffs has got to be the next one to take the Chicago trip.

02:43:31.000 Kai Cliffs got to come out.

02:43:32.000 We have to have. 1.00

02:43:33.000 The Zoomers have got to take the Chicago trip, and that way we know that their allegiance is with America first, not Israel. 0.99

02:43:39.000 You know, in the past, people would have to go on the birthright trip to Israel and submit their fealty to the Jewish state. 0.97

02:43:45.000 Now people go to Chicago, and we.

02:43:49.000 We say we love America.

02:43:51.000 We are America first.

02:43:53.000 We affirm our America first identity here with the Chicago dog ritual, with the pilgrimage.

02:44:02.000 The pilgrimage to the classic Chicago spots an Italian beef, a deep dish pizza, Chicago dog, and the great Zoomer times that are had here sort of cement the allegiance to the nation.

02:44:18.000 So, looking forward to that.

02:44:19.000 Modern monarchist with Four more super chats in addition to the five others he already sent. 0.95

02:44:24.000 Says, breaking my balls here, man, comparing murder, mass murder, to my innocent deeds and action. 0.98

02:44:30.000 I may be nuts, but not murderer. 0.99

02:44:31.000 Break my heart, too. 0.92

02:44:33.000 I'm kidding.

02:44:34.000 He says, Chad doesn't believe I am the real modern monarchist.

02:44:36.000 The deal is who would want to be me except me?

02:44:40.000 And who could be you except for you?

02:44:42.000 Modern monarchist says, in my monarchy, I'd probably want Vince James' advisor, Steve as a wizard or mage, mage like advisor, and you as king.

02:44:52.000 Jake would be warden of the biscuit cabinet, and John Miller would be the town crier.

02:44:58.000 That sounds good to me.

02:45:00.000 Yeah, Steve, very fitting in the wizard role.

02:45:02.000 Steve is really like a wizard.

02:45:04.000 Steve is a sort of wizarding mystic, sort of a Rasputin like advisor.

02:45:11.000 I don't say that in a bad way.

02:45:13.000 He is sort of a magical kind of a person and somebody who has a knowledge which is sort of ancient.

02:45:19.000 He's not ancient, but he has a sort of knowledge.

02:45:23.000 A sort of sense.

02:45:24.000 He is a master of maybe a wisdom that is ancient in a certain sense.

02:45:30.000 And he has a sort of martial, monkish temperament.

02:45:34.000 So I think that's very fitting.

02:45:36.000 Jake, warden of the biscuit cabinet.

02:45:39.000 Jake would be kind of like the leader of the mess hall.

02:45:42.000 Jake would be like, Jake would be the master of ceremonies of the feast or something like that, the feast master.

02:45:52.000 He would be the guy that does the Pig roast or something like that.

02:45:56.000 You know, he would have a role that's obviously more conducive to his appetites, his gluttonous appetite.

02:46:03.000 Vince James' advisor, yeah, apropos.

02:46:06.000 And John Miller, the town crier.

02:46:08.000 I don't know how you got that one.

02:46:11.000 America First Aryans, as I'm trying to get involved with my local GOP and they asked for help with a Stand With Israel rally.

02:46:18.000 And while I would be embarrassed to attend something like that, I'm wondering if I should still go to make contacts and volunteer experience or should I not even bother supporting something like that with an appearance?

02:46:26.000 Yeah, I wouldn't go.

02:46:28.000 Plenty of other things to go to.

02:46:31.000 Daisy says, Hey, I have one lousy property rental per government.

02:46:35.000 My tenant doesn't have to pay rent for nine months.

02:46:37.000 Finally got them out.

02:46:39.000 Spend thousands in repairs.

02:46:41.000 Sell this headache.

02:46:41.000 Pay thousands in taxes.

02:46:43.000 Thanks for the pain.

02:46:43.000 Yeah, exactly.

02:46:45.000 And these are the so called rich that people want to tax the landowner, the landowners, the landlords. 0.82

02:46:53.000 We want to punish the landlords and the millionaires.

02:46:56.000 This is who they're talking about.

02:46:58.000 They're talking about somebody who saves enough money, buys a rental property.

02:47:02.000 Puts work and time and care into it, invests money and all of that.

02:47:08.000 And then they say, oh, by the way, now it's welfare. 0.51

02:47:11.000 Now it might as well be Section 8 that isn't even subsidized because you have a squatter living in there that doesn't have to pay rent and you can't evict them.

02:47:18.000 If you do evict them, you've got to go to court and you've got to pay legal fees.

02:47:22.000 And it goes on and on and on and on.

02:47:25.000 And then sell it and pay taxes.

02:47:26.000 And yeah, these are the so called rich that are running the country that have to be punished.

02:47:33.000 America First.

02:47:34.000 I just read that.

02:47:35.000 Greg Royper says, I'm starting to think you drink Starbucks every day.

02:47:38.000 I don't. 1.00

02:47:39.000 I don't even drink coffee every day, but I just think that's a stupid. 1.00

02:47:43.000 Position. 1.00

02:47:44.000 Edwards says, Some words of wisdom. 0.99

02:47:45.000 Go to the ant, you sluggard, consider its ways and be wise. 0.90

02:47:49.000 It has no commander, no overseer, or ruler, yet it stores its provisions in summer and gathers. 1.00

02:47:56.000 Wow, very true.

02:47:57.000 Mid Atlantic Groyper says, Nick, what's the name of the new intro song with Don?

02:48:03.000 Something.

02:48:04.000 I don't know if that's legit or not.

02:48:06.000 Loving the show.

02:48:07.000 Keep it up and God bless.

02:48:08.000 Thanks. 0.72

02:48:09.000 Michael Prentice says, Earlier today, Keith Woods released a well researched video about the plundering of the Soviet Union at the best of the tribe. 0.54

02:48:16.000 And the Western powers, of course.

02:48:18.000 Who are the oligarchs who plundered Russia?

02:48:21.000 Oh, and you're just promoting his, you're just shilling his video?

02:48:24.000 Yeah, thanks for that.

02:48:25.000 Listen, Keith Woods is a smart guy, I think, but it's just unfortunate because he hangs out with this crowd that is not good.

02:48:34.000 I mean, Keith Woods, I follow his Telegram, I look at his posts, and his Telegram is like two degrees of separation from obvious feds, from obvious, you know, federal agent like provocateurs.

02:48:48.000 Two degrees of separation away from people in masks taking pictures doing Roman salutes with a Nazi flag, some astroturf thing that came out of nowhere.

02:48:57.000 Like, and, you know, that's always been the case with somebody like that.

02:49:01.000 So it's just kind of unfortunate because I see him as like sort of a smart young guy, but yet he promotes the stuff that's just going nowhere and obviously dysfunctional and problematic for a variety of reasons.

02:49:12.000 So anyway, Modern Monarchist says, that's why I got three jobs.

02:49:17.000 I have to get rich.

02:49:18.000 I may not be too bright, but I got a good work ethic.

02:49:20.000 It's the Polish, I tell you.

02:49:22.000 Sleep well, eat some good food.

02:49:25.000 See you in three days.

02:49:25.000 Night, man.

02:49:26.000 Yeah, see you around, buddy.

02:49:28.000 You are a hard worker, you know, and polls are hard workers.

02:49:31.000 No doubt about that.

02:49:32.000 But thanks a lot for the super chat, buddy.

02:49:34.000 I appreciate it.

02:49:35.000 Take it easy.

02:49:36.000 Kai Clips says, Nick, you got to stop by Utah on your road trip.

02:49:39.000 Gelato and chicken sandwiches on me.

02:49:42.000 Gelato in Utah? 1.00

02:49:43.000 Do they even have any Italians in Utah?

02:49:46.000 I know how you Italians like your gelato, and I've got the most authentic in the country.

02:49:50.000 Oh, yeah.

02:49:51.000 Wooza and Utah Zoomer would appreciate it as well.

02:49:54.000 Oh, I can't make it to Utah this time because that's.

02:49:57.000 That would be a huge detour.

02:50:01.000 Not ruling it out.

02:50:01.000 I may take another trip out west at some point this year, but for this one, I'm going to Phoenix and Texas.

02:50:08.000 And so, even to get to like LA or Vegas or Colorado would be a major detour.

02:50:15.000 Utah or Salt Lake City, Utah would be all the way up north.

02:50:18.000 So, that would be a major detour.

02:50:20.000 I can't make it this time, but I probably will make it out at some point before the end of the year.

02:50:26.000 So, maybe I'll take you up on that for sure.

02:50:28.000 I'm just a little hard pressed to believe.

02:50:30.000 Oh, Authentic gelato in Salt Lake City, Utah?

02:50:34.000 Are you kidding me?

02:50:34.000 I live in Chicago.

02:50:36.000 I live in Chicago.

02:50:37.000 Well, I live in the suburbs of Chicago, but my parents, I have three generations in Chicago.

02:50:42.000 You think you got more authentic gelato than the city of Chicago?

02:50:46.000 I don't know about that one, but I'll take you up on it.

02:50:50.000 I'm willing to try it, but I'm a bit of a snob, so don't be disappointed if I'm not in love with it.

02:50:50.000 I'll see.

02:50:56.000 But I appreciate it.

02:50:58.000 Black Swan says Modern monarchist reminding us why there was a donation limit per night.

02:51:03.000 Yeah.

02:51:03.000 We love him.

02:51:04.000 We love him.

02:51:05.000 We love that guy.

02:51:05.000 He's funny.

02:51:06.000 Jackson Adams says, Thoughts on Lance's videos?

02:51:09.000 Am I now the iPhone 11 and he's the 10?

02:51:11.000 We all hate Lance.

02:51:12.000 Hope you're doing well, King.

02:51:13.000 Enjoy White Boy Summer.

02:51:14.000 Is this real?

02:51:15.000 I don't know if this is a false flag operation.

02:51:19.000 I don't think this is a real Jackson Adams, but you never know.

02:51:24.000 I don't know if I would say that you're the new iPhone 11.

02:51:26.000 I think I'm done making pronouncements like that because I said, well, Lance is the iPhone 11.

02:51:30.000 Trey is the iPhone 12.

02:51:32.000 And, you know, it's like, I think these are a lot of iPhone 5s.

02:51:36.000 You know, I think these are, yeah, it's like, I don't really know what generation it is, but, uh, You know, I think it's just time to stop making these kinds of premature judgments.

02:51:49.000 You know, Jaden's sort of like.

02:51:51.000 I have an iPhone 11.

02:51:52.000 Jaden's like an iPhone 11, you know?

02:51:55.000 And he's very good, very solid.

02:52:00.000 We love Jaden.

02:52:02.000 Don't take him for granted, of course.

02:52:04.000 And, you know, maybe in a rush to judgment, I'm like, you know, hey, maybe this is the next big thing.

02:52:09.000 Yeah, I don't know.

02:52:11.000 I don't know.

02:52:12.000 So I think, hey, very well could be.

02:52:14.000 I. Jackson Adams very well could be the iPhone 15.

02:52:18.000 Jackson Adams is so living in the future.

02:52:22.000 He is the iPhone from the year 3000.

02:52:24.000 But I will refrain from making any more pronouncements because I've made some premature ones.

02:52:30.000 You know, I was like, hey, and largely I did that to antagonize Jaden.

02:52:34.000 And it worked.

02:52:35.000 And it worked.

02:52:36.000 And as always, it worked to devastating effect.

02:52:39.000 It's super effective.

02:52:41.000 Use antagonize.

02:52:43.000 It is super effective.

02:52:44.000 And it always is.

02:52:46.000 But.

02:52:48.000 But, yeah, no, I'm sorely mistaken on that one.

02:52:56.000 But, yeah, but we love to see you in Chicago.

02:52:59.000 Kai Clips says, You've said it before, but it's so true.

02:53:01.000 The trip to Chicago is the AF equivalent of the trip to Israel with the Daily Wire, it is.

02:53:06.000 Except the only difference is I don't pay for it.

02:53:08.000 That's the only difference. 0.93

02:53:09.000 They pay for you to go to Israel.

02:53:11.000 You know, if you want to visit Chicago, you could fly out here.

02:53:15.000 We may one day do that, though.

02:53:17.000 We may one day, I don't want to give away too much on that, but.

02:53:20.000 That might be the case one day in the future.

02:53:23.000 Who knows?

02:53:25.000 So, but at least for now, it's like, well, if you're in Chicago, you know, you could stop by the holy sites.

02:53:34.000 The blasphemous to say that, but of course I'm saying it as a joke.

02:53:38.000 Bob Sacamano says, You're the only person I could bear to listen to economic jargon from.

02:53:43.000 Thanks for teaching us about that stuff in a way that doesn't suck.

02:53:45.000 You're a real good guy.

02:53:47.000 Thanks, man.

02:53:47.000 I appreciate that.

02:53:49.000 Nick says, Don't have the money to tell the whole story, but the first school was because of. 0.88

02:53:53.000 Microaggression.

02:53:54.000 Second one, because I talked bad about homosexuality. 1.00

02:53:57.000 Dumb idea. 1.00

02:53:57.000 You're right. 1.00

02:53:58.000 Yeah, if you watch the show, you know I tell you to keep it on the down low.

02:54:03.000 Play close to the chest, especially in school. 1.00

02:54:05.000 So, you've been a bad, you've been a very naughty Groyper, okay? 1.00

02:54:09.000 You're getting Groyper detentions.

02:54:10.000 You're getting Groyper pink slips and green slips, you know, whatever the disciplinary thing is by you.

02:54:16.000 So, you've got to be a Groyper good noodle.

02:54:18.000 You've got to be a Groyper golden star.

02:54:20.000 No demerits, okay?

02:54:22.000 You've got to represent us well in high school.

02:54:24.000 Don't get kicked out.

02:54:26.000 Modern Monarchist says, I love this show.

02:54:28.000 Good night again.

02:54:29.000 Hey, love you, buddy.

02:54:30.000 Take it easy.

02:54:30.000 Good night.

02:54:32.000 Okay, that's our last super chat.

02:54:34.000 That's going to do it for me tonight on this seemingly never ending three hour show.

02:54:42.000 Remember to check out the website.

02:54:44.000 Go to nicholasjfuentes.com and subscribe.

02:54:46.000 Okay, $10 a month.

02:54:48.000 You get access to the whole catalog of videos, every episode of the show.

02:54:52.000 Good morning, Groyper, other streams.

02:54:54.000 Follow me on Gab and Telegram.

02:54:55.000 Links are down below.

02:54:57.000 I'm on the air Monday through Friday, 8 p.m. Central, 9 p.m. Eastern Standard Time, only on AmericaFirst.live.

02:55:03.000 As always, thanks for watching.

02:55:05.000 Big thanks to our super chatters, subscribers, everybody that watches the show.

02:55:09.000 We love you, and I will see you tomorrow.

02:55:10.000 Until then, have a great rest of your evening.

02:55:14.000 Americanism, not globalism, will be our credo.

02:55:21.000 It's going to be only America first.

02:55:26.000 America first. 0.99

02:55:30.000 The American people will come first once again. 0.98

02:55:59.000 America first. 0.98

America First - Nicholas J. Fuentes - June 08, 2021

RIGGED SYSTEM - Billionaires Pay ZERO According to New Report | America First Ep. 825

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