America First - Nicholas J. Fuentes - The Economy is Doomed | America First Ep. 73

00:00:02.000 Good evening, everybody.

00:00:03.000 You are watching America First.

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

00:00:06.000 We have a great show for you tonight.

00:00:09.000 Very cozy, very comfy.

00:00:12.000 Christmas episode of America First, of the show.

00:00:16.000 The number one America First themed YouTube news nightly show in America.

00:00:22.000 I mean, this is the big leagues.

00:00:25.000 This is big stuff over here.

00:00:26.000 But of course, we have a major story to talk about this evening.

00:00:31.000 Of course, President Trump's tax reform.

00:00:34.000 Passed finally after how much delay, after how many committees and glitches in Senate procedure, we finally have our tax reform, the first tax reform, first major overhaul of the tax code since 1986.

00:00:51.000 And so I'll be talking about what that means for you, for the unwashed masses, and what that means for the country, what that means for the president, this administration, the midterms, all of that fun stuff.

00:01:03.000 But first, we have to take care of some housekeeping things.

00:01:07.000 Friday, on Friday, we will be doing a call in show.

00:01:11.000 We'll be doing a Christmas call in show on Friday.

00:01:15.000 This time, I'm not using Skype.

00:01:18.000 I am boycotting Skype.

00:01:19.000 I will never use Skype again because of what happened last time.

00:01:23.000 And you know what happened last time for our ride or die, die hard fans out there.

00:01:29.000 They know what the hell happened last time with Skype for our Thanksgiving episode.

00:01:34.000 I'm on the Skype.

00:01:35.000 We're taking calls.

00:01:37.000 It keeps ringing in the middle of it.

00:01:39.000 Out of control.

00:01:39.000 So on Friday, we'll be using the Discord for the call in show instead.

00:01:44.000 We'll be using the Discord.

00:01:46.000 So if you're not already in the Discord server, if you're not familiar with Discord, familiarize yourself with it.

00:01:53.000 Get in our Discord server.

00:01:54.000 Hopefully, somebody, a good Samaritan, can post the link in the live chat or in the comments below once this video is concluded.

00:02:03.000 And if you get in the Discord, I'll be able to take your call during the live show on Friday.

00:02:08.000 And it should be a lot of fun.

00:02:09.000 Then I'll be taking the week off.

00:02:11.000 I'll be taking the week off for Christmas.

00:02:14.000 And I'll be with friends and family.

00:02:16.000 I'll be eating a lot of candy, playing with my Christmas presents and toys and things.

00:02:23.000 And so I'll be taking the week off and we'll be back the following week.

00:02:27.000 So now that that's all taken care of, remember this is your last week.

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00:02:44.000 Go to the Christian Appalachian Project in the month of December.

00:02:48.000 And we've got a lot of money so far.

00:02:50.000 We got a lot of donations last night, and that was very great.

00:02:53.000 We got a lot of donations on Tuesday for the Alabama special Senate election, and that was very great last Tuesday, I'm talking about.

00:03:02.000 And so if we could keep that going this week, keep it going strong today and tomorrow.

00:03:06.000 And on Friday, hopefully, we'll have a big fat check that we can present to the poor, the dispossessed, the forgotten people of Eastern Kentucky and beyond.

00:03:16.000 In Appalachia.

00:03:17.000 So, very, very good stuff.

00:03:19.000 And lastly, remember, as always, your AmFirstMedia mugs.

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00:03:44.000 But with all of the housekeeping out of the way, all of that, all of the mandatory stuff out of the way, now we got to get to the major tax reform that passed the Congress today, passed a sweeping overhaul of the tax code, the Tax Cut and Jobs Act.

00:04:03.000 And, you know, we've been talking about this for a long time on the show.

00:04:06.000 We've been talking about the different provisions that have gone into it over the course of its lifetime in the Congress.

00:04:14.000 Draft of it in the House and the Senate version, the conference committee, some of the amendments that were made to swing some final Republican votes that needed to be whipped.

00:04:25.000 And finally, here we have it.

00:04:27.000 It was passed earlier this week initially.

00:04:31.000 If you recall, I believe it was on Monday it passed the House and the Senate, and then it was discovered by the Democrats that there were some provisions that contradicted Senate rules, and so it had to be passed again.

00:04:44.000 And so it passed.

00:04:45.000 Today, this afternoon, and it will be signed by the president into law later this week.

00:04:50.000 And let's look what ended up being included in the final draft of the big Senate, or excuse me, the big tax overhaul.

00:04:59.000 Big stuff.

00:05:00.000 So, of course, we have the corporate tax rate, which is cut from 35% to 21% under the new tax law.

00:05:10.000 So, it was 35% for taxable corporate income.

00:05:15.000 Now it is down to 21%.

00:05:17.000 Interesting fact to note our 35% corporate tax rate previously, before this new law, was the highest corporate tax rate in the industrialized world, third highest in the world, behind, I believe, Afghanistan, and I'm not sure the other country.

00:05:35.000 But so it was one of the highest corporate tax rates in the world, lower to 21%, a far more competitive rate.

00:05:44.000 This tax reform kept all seven tax brackets that existed before, but it is cutting five of those tax brackets.

00:05:51.000 And so the new brackets are, or the new percentages rather, are 10%, 12%, 22, 24%, 32, 35%, and 37%.

00:06:00.000 So the top marginal tax rate got cut from 39.6% down to 37% under this tax reform.

00:06:07.000 And four other of those percentages, four other brackets, were cut in their rate.

00:06:13.000 And so it's going to amount to a tax cut for everybody in terms of if you're just looking at taxable income and the rate, the marginal tax rate that people are being taxed at, everybody is getting a tax cut.

00:06:27.000 It only changes a little bit when you look at the other provisions.

00:06:30.000 The alternative minimum tax has been eliminated for corporations, and that was a secondary form of taxation for wealthy people and corporations.

00:06:40.000 That got eliminated for corporations, and the exemption for individuals was raised to $500,000 for single filers and $1 million for joint filers.

00:06:52.000 It repealed the individual mandate from Obamacare.

00:06:55.000 If you recall, one of the most controversial provisions of the Affordable Care Act.

00:07:00.000 In 2010, that's when it passed, right?

00:07:03.000 2009 or 2010?

00:07:04.000 One of the most controversial provisions of the Affordable Care Act or Obamacare was the individual mandate.

00:07:12.000 The individual mandate said that employers must provide health insurance for their employees and all individuals must purchase health insurance.

00:07:21.000 Everybody has to have health insurance or else they have to pay a penalty.

00:07:25.000 And the reason that the individual mandate was instituted as part of the Affordable Care Act was because it went alongside a provision that made it so that Health insurers couldn't turn people away if they had pre existing conditions.

00:07:39.000 As a result, they had to increase the amount of money that was in the insurance market so that the pool would be bigger and it would offset the fact that everybody or anybody could get health insurance.

00:07:52.000 If you didn't have the individual mandate, it would be really problematic if people were getting sick and then buying health insurance because they wouldn't be turned away for pre existing.

00:08:01.000 You could be in an ambulance and buy health insurance and that would destroy the market.

00:08:05.000 So the individual mandate imposed a penalty on people.

00:08:09.000 Who weren't buying into the market, who weren't putting in their fair share in the socialist, Muslim, the Muslim, socialist, Marxist healthcare scheme.

00:08:20.000 So that got repealed as part of this tax reform.

00:08:23.000 And that was very big because this is kind of a, I think, a pretty great retribution against Justice Roberts of the Supreme Court.

00:08:33.000 Because if you recall, the individual mandate went to the Supreme Court a couple of years ago because people said that it's kind of unconstitutional the fact that the government.

00:08:43.000 Gets to penalize you, just gets to tax you for not buying something.

00:08:48.000 That's not a constitutional authority that the government has.

00:08:51.000 Well, Justice Roberts, the Chief Justice of the Supreme Court, ruled several years ago that because the individual mandate was a tax, it technically fits in line with the Constitution.

00:09:03.000 So, part of the justification for putting the individual mandate repeal in the tax reform is that they said, well, you know, Justice Roberts said it was a tax, so the individual mandate is in the tax reform.

00:09:15.000 And so, It's kind of a just desserts.

00:09:18.000 Revenge, best served cold here in the individual mandate repeal.

00:09:22.000 So there was that.

00:09:24.000 The child tax credit was raised to $2,000.

00:09:28.000 So you get a tax credit of $2,000 for every child you have under the age of 17.

00:09:34.000 It doubles the exemption for the estate tax.

00:09:37.000 So they didn't get rid of the estate tax, which is when you die, they tax your property and your assets and everything.

00:09:44.000 They didn't get rid of that, but they did double the exemption.

00:09:48.000 So, whereas before you had to meet a certain amount of money before that 40% estate tax went into effect, now you have a higher exemption for that.

00:09:58.000 So, poor people are not going to get their granny's estate taken away.

00:10:02.000 And then, lastly, one of the last significant parts of it is that the state and local tax deduction, the SALT deduction, has been capped at $10,000.

00:10:12.000 And so, these are all the provisions, these are all the major provisions that will apply, I think, to individual and joint filers.

00:10:18.000 There's other things for pastor corporations and They're changing the way our tax code works internationally.

00:10:25.000 It's going to fit more in line with what other countries are doing.

00:10:28.000 But these are the major ones.

00:10:29.000 These are the major dollar and cents stuff.

00:10:33.000 And you look at who is getting a benefit, who is saving the most money from this tax reform.

00:10:39.000 And it's families, it's the middle class, it's poor people.

00:10:44.000 The only people that are really seeing their taxes stay the same or go up are the extremely wealthy.

00:10:52.000 People who own lots of expensive property, people in coastal or major cities.

00:10:57.000 These are the major people that are getting hit by this tax reform.

00:11:01.000 Just about everybody else is getting a tax cut.

00:11:04.000 And there was a statistic we were throwing around on Nationalist Review earlier this afternoon that 80% of Americans will see their taxes cut.

00:11:12.000 So very pro growth, very solid tax reform.

00:11:17.000 One of the things that people are not so thrilled about as part of all these provisions is that the individual tax cuts that went into effect.

00:11:26.000 The five brackets that were cut, those tax cuts are sunsetted after 10 years.

00:11:32.000 So, in 10 years, those expire.

00:11:34.000 And the reason being, I don't think people understand why this is, but the reason that the individual tax cuts have to expire after 10 years is because the Senate has these very peculiar rules about spending bills where there are three conditions that must be satisfied by tax reform, this tax reform bill in particular, so that Republicans could pass it with a simple majority.

00:12:00.000 If they didn't fulfill these three rules in the Senate, They would require 60 votes to pass the tax reform.

00:12:08.000 So they had to sunset it.

00:12:09.000 Some of the rules are that after 10 years, it can't raise the deficit past a certain point.

00:12:15.000 So they had to sunset those tax cuts.

00:12:17.000 Otherwise, it would violate those rules.

00:12:19.000 And then they would need eight Democrats to join on, on top of the 52 Republicans.

00:12:24.000 Or they'd have to have seven plus Mike Pence breaking the tie.

00:12:27.000 And that wouldn't happen.

00:12:28.000 So they had to be sunsetted, or else it couldn't have been passed.

00:12:32.000 It wouldn't have been possible.

00:12:35.000 All those things in mind, this is a very, very solid tax reform in terms of you look at what the president is up against in his own party and with the Democratic Party, and this is optimal.

00:12:47.000 I think this is the best thing that they could come up with, and it's actually very solid in terms of just about everybody.

00:12:54.000 The majority of people in the country are getting a tax cut, and not only that, but the people that voted for Donald Trump are getting a tax cut.

00:13:03.000 A lot of the things that they use to offset.

00:13:05.000 The individual and the corporate tax cuts, these are things that are going to affect people in Los Angeles and New York City, and unfortunately, Chicago, where I am, and the major coastal cities, the coastal elites, as we call them, the rootless transnational coastal elites.

00:13:24.000 But if you consider what the impact will be electorally, this will really strengthen the president's hand.

00:13:30.000 And you look at the reaction so far to this tax reform, there was a lot of skepticism about the pro growth mentality.

00:13:38.000 The Republican mindset on taxes, the supply side argument, you know, this is people use the epithet trickle down to describe the Republican theory, is that if we cut taxes for corporations, and that's the biggest percentage cut in taxes, is the corporate tax rate being cut from 35 to 21.

00:13:59.000 The theory behind that is that if we cut the corporate tax rate, they will take all that money that they're not paying to the government and they'll reinvest that.

00:14:06.000 They'll reinvest that in infrastructure.

00:14:09.000 They'll reinvest that in capital, and both of those things will make the workforce more productive. 0.92

00:14:13.000 Or they'll reinvest it in wages.

00:14:15.000 They'll reinvest it in their labor, their worker development, all of these things, which will create jobs, employ more people, and thus create more taxable income.

00:14:26.000 And that kind of fits into the other critique of it, which is that this will increase the debt by $1.5 trillion.

00:14:31.000 The pro growth mindset says if we cut corporate tax rates, it'll increase jobs, it'll increase capital flows, and it'll create more taxable income in the economy.

00:14:42.000 And by growing the economy, it will offset the revenue that is not brought in when you cut the rates.

00:14:50.000 Additionally, and this is another thing that isn't really stated so much, this is owing to Bastiat.

00:14:56.000 For my libertarians out there, they will know what I'm talking about when I bring up Frederick Bastiat, the great French political economist, philosopher, who said that in economics, one of the biggest mistakes you can make, and I'm paraphrasing,

00:15:11.000 of course, because he was 19th century, he wasn't in this vernacular, but Bastiat essentially said in the 19th century that the biggest mistake that you can make in economics is not looking at the things that don't happen in the economy.

00:15:26.000 It's the unseen things in the economy which are not accounted for very much, which is to say that people are looking at with the tax code just the $1.5 trillion taken out of the federal government's coffers over the next 10 years, just looking at individuals not paying money or getting their rates cut.

00:15:46.000 But they're not looking at the unseen effects in the economy, which, for example, would be that if you cut the corporate tax rate from 35 to 21%, you'll have more corporations coming to the United States.

00:15:58.000 That's an unseen effect of the tax policy where we can all see there's less money in the government's coffers and there's more money in your pocket.

00:16:07.000 What we don't see is how the higher tax rates before were deterring businesses from coming to the United States, doing business in the United States, or new businesses from being started.

00:16:18.000 So lower tax rates incentivize, you know, not only does it help people create jobs and reinvest and do all the rest, but in addition to that, it attracts more business to the country.

00:16:30.000 It imposes less of a penalty on new businesses starting out, and that's the pro growth mindset.

00:16:37.000 So, we look at already the immediate effects of this, and a lot of Democrats, a lot of left wing people were skeptical of the tax reform.

00:16:44.000 They said, that's not going to happen.

00:16:46.000 The businesses are not going to reinvest.

00:16:49.000 They shouldn't be cutting the rates for corporations because the rich should be paying everything, and the rich already pay everything, but they should pay more.

00:16:58.000 But we saw the reaction was pretty swift from the business world.

00:17:02.000 I was.

00:17:03.000 Really surprised by this.

00:17:04.000 I mean, me and James, we were doing Nationalist Review this afternoon, and right before we started the show, the tax reform got passed.

00:17:13.000 By the end of the show, we saw all kinds of companies giving away bonuses, talking about new initiatives, spending more capital in the United States.

00:17:23.000 So, the reaction from business ATT will increase their capital spending by $1 billion, they said, and they will also dole out a special $1,000 bonus to more than 200,000 employees.

00:17:38.000 Fifth Third Bank announced that it will be raising its minimum hourly wage for all employees to $15 per hour, and they will be distributing a $1,000 one time bonus to 13,500 employees.

00:17:54.000 Boeing announced an additional $300 million that they will spend in new initiatives, which includes $100 million for corporate giving, $100 million for workforce development, and $100 million for capital and infrastructure investment.

00:18:10.000 Wells Fargo announced that they will be raising their hourly pay to $15 per hour and they will be aiming for $400 million in philanthropic donations next year.

00:18:21.000 Comcast announced a $1,000 bonus to 100,000 frontline non executive employees and additionally a $50 billion investment in infrastructure over the next five years.

00:18:34.000 This is all within hours of tax reform passing.

00:18:39.000 Within Within literally seven hours of the tax reform passing Congress, not even signed by the president, you have five major companies announcing $1,000 bonuses to their employees, billions of dollars in capital investment, hundreds of millions of dollars in corporate and philanthropic giving.

00:19:00.000 And I don't know if this is coordinated.

00:19:01.000 I don't know if President Trump reached out to all these companies and maybe that was part of the deal.

00:19:06.000 Maybe that was worked in because I've never seen anything like this before.

00:19:09.000 I'm only 19, so.

00:19:11.000 I haven't seen a lot, but I've never seen anything like this after a legislative, after a bill has been passed and not even signed.

00:19:19.000 Do you see this kind of coordinated, concerted effort by businesses to say, you know, we approve of this, we're praising this?

00:19:26.000 So, very solid already, very solid reaction.

00:19:30.000 And you have to think not only of the economic consequences of the bill, but also the electoral consequences of it indirectly in the sense that this tax reform will create economic growth, it'll create more jobs, it'll cause the stock market to go up, and in a variety of ways, it'll contribute to the stock market increasing.

00:19:51.000 And additionally, I mean, that's all fine and well.

00:19:53.000 That's really great.

00:19:54.000 People are going to have more money, hopefully, have more kids with the child tax credit.

00:19:58.000 Hopefully, more businesses will be started.

00:20:01.000 But then additionally, what this does is that when people go to the polls, not just in November of 2018, but in March or April or June or July or August of 2018, they will side with President Trump because they'll have an extra grand in their pocket.

00:20:19.000 You know, whether it's because they get a bonus from ATT.

00:20:22.000 Or they get $1,000 off their tax bill every year, or they get a $2,000 tax credit, or what have you.

00:20:29.000 And so this is a really strong hand that the president is playing electorally.

00:20:34.000 And this is not rocket science, obviously, but he has very low approval ratings right now.

00:20:39.000 It's no secret.

00:20:40.000 And I don't know how much I trust the polls.

00:20:43.000 They say that President Trump now has officially the lowest polling numbers of any first year president in history since they've been recording this stuff for about 100 years.

00:20:55.000 I don't necessarily buy that because, of course, they often don't release the methodology for the polling.

00:21:02.000 They don't show you which populations were sampled.

00:21:05.000 They don't tell you what questions were asked.

00:21:07.000 And that's a very important thing.

00:21:09.000 If you imagine that they're telling you so and so, how many people approve of President Trump's job performance, for example, they're not telling you, well, what questions did they ask in those polls?

00:21:21.000 Who did they sample?

00:21:22.000 If they sampled a million Democrats and it came back, 100% disapprove of President Trump's job performance, he would say, well, no wonder.

00:21:31.000 They're Democrats.

00:21:32.000 Well, when they don't release the sampling for the polls and they don't release the questions from the polls, it's hard to verify if that's legitimate or not.

00:21:39.000 Well, anyway, he has very low polling numbers, and that's the only quantitative data we have with regards to the midterms in 2018.

00:21:48.000 That's a pretty strong barometer of where the Republican Party will stand, and that is cause for concern.

00:21:55.000 But if you contrast this with this legislative achievement where people will have more money, Where people will be getting more jobs, their businesses will be making more money, and they'll be more financially secure.

00:22:08.000 It's not going to matter so much what they think about President Trump's handling of the situation in Saudi Arabia with Mohammed bin Salman.

00:22:18.000 It's not going to matter so much if they care about making Jerusalem the capital of Israel.

00:22:23.000 It's not going to matter so much about the Russia investigation, which is going on.

00:22:27.000 If the economy is strong, the president does well.

00:22:32.000 What history has borne out for the past 20 years, at least, when we look at presidents with low approval numbers.

00:22:38.000 So, this is a very solid victory economically, politically, and this will be a great news cycle.

00:22:45.000 This is a great achievement, optically speaking, in the sense that for a long time, this president has struggled legislatively, or at least that has been the narrative, that he's tried to repeal Obamacare three times and it's failed three times, that he can't work with his own Congress, he can't.

00:23:02.000 Get wall funding.

00:23:04.000 And the narrative for about 10 months has been this guy billed himself as the great deal maker.

00:23:09.000 And now here he is floundering in front of the Congress, can't make deals, can't pass bills.

00:23:15.000 And I think that put all of that to bed.

00:23:17.000 Now that he's got his first major legislative achievement under his belt, all of that kind of talk goes away.

00:23:24.000 So he appears competent, he appears pragmatic, and he's one step closer to normalcy, which is something that will absolutely devastate Democrats.

00:23:34.000 If President Trump is passing landmark legislation and he appears as just like another president, it may be hard for people to believe, but if President Trump gets viewed in the way that George W. Bush was viewed, Eight years ago, he's in a very good place.

00:23:51.000 And people would be surprised at that.

00:23:53.000 That may seem counterintuitive, but it is to say that George W. Bush was a bad president, right?

00:24:00.000 And he was an unpopular president, but he was a legitimate president.

00:24:04.000 People didn't like him, but nobody doubted, at least in 2004.

00:24:08.000 Maybe they did in 2000.

00:24:09.000 Maybe that's a bad example.

00:24:10.000 But in 2004, nobody doubted that he won the election fair and square.

00:24:14.000 They might have thought he was a liar, they might have thought he was a war criminal, and I think that's.

00:24:19.000 True to a certain extent, and he lied us into the war, but they also said this is just a Republican president.

00:24:25.000 And if Donald Trump achieves that normalcy, if Donald Trump edges his way into the permanent subconscious of the American public, and his positions and his paradigm, his worldview enters in as a legitimate part of the rich tapestry that is American political discourse, he's won.

00:24:49.000 That's the biggest thing he can do.

00:24:51.000 Because in eight years, if we're running, or four years, or eight years, whatever it is, if Republicans are running in the shadow of Donald Trump, Donald end chain migration, deport all illegals, ban all Muslims, Trump, we've already won.

00:25:05.000 We're already there.

00:25:06.000 The American people are with us.

00:25:08.000 Just a matter of getting the politicians in there.

00:25:10.000 So big, big win for taxes.

00:25:14.000 I'm very excited about it.

00:25:15.000 I'm very optimistic about it.

00:25:17.000 Hopefully, it gets signed without a hitchhike.

00:25:19.000 I won't be totally.

00:25:22.000 I won't be totally satisfied until it's signed and it's into law and everything else, but we'll see what happens.

00:25:28.000 I think this is a very good thing.

00:25:30.000 Certainly, it's not the only thing with regards to the economy.

00:25:34.000 It's unfortunate that there is this fixation on fiscal policy alone and specifically taxes.

00:25:40.000 What needs to be done with the economy is not just tax cuts, what needs to be done is budget cuts.

00:25:48.000 Budget cuts, and you need to change monetary policy and you need to change trade policy.

00:25:53.000 Fundamentally, the entire government system, the entire economic system that has prevailed since Richard Nixon took us officially off the gold standard in 1972, is you have this broken, dysfunctional system that cannot work, that will never work, that is actually inevitably marching towards a very ugly and chaotic destruction.

00:26:20.000 When you consider that we have, and it's every aspect of it, it's not, by the way, just.

00:26:25.000 Just the $20 trillion in debt that people talk about.

00:26:28.000 It's the fact that there is no plan in the near or the long term to reconcile our debts with the amount of money we're taking in.

00:26:37.000 I mean, we are not on track in 10 years or in 20 years to match our revenue with our spending.

00:26:45.000 And while this happens, the debt keeps growing.

00:26:47.000 And not only that, but you have unfunded liabilities that will only increase as we go on.

00:26:52.000 And there's about $100 trillion of those.

00:26:55.000 You have the Federal Reserve, which is printing money, devaluing the dollar.

00:26:59.000 I mean, this entire scheme, this entire system is not sustainable.

00:27:06.000 And it cannot be said enough that it is not sustainable.

00:27:09.000 I don't think people on the dissident right care enough about it.

00:27:13.000 Certainly, there are more important things immediately, urgently, in the sense that if we don't obviously get the demographics right, it's not going to matter so much if we balance the budget in 20 or 30 years because Texas will go blue and there'll be no hope for anything for anyone anymore.

00:27:29.000 However, if we don't start to address that now, it won't matter what the demographics are.

00:27:35.000 The dollar will collapse and you may have like anarchy in the streets if that happens.

00:27:42.000 And nobody talks about it, but.

00:27:45.000 Right now, what you have going on is you have, like I said, these massive deficits of $100 or sometimes $100 billion or $1 trillion a year, depending on if there's a recession or not.

00:27:58.000 2008, the deficit went up past $1 trillion.

00:28:01.000 It went down to about $500 or $400 billion towards the end of Obama's presidency.

00:28:07.000 And now it's hovering a little bit lower than that.

00:28:10.000 And there's no plan to rein that in.

00:28:12.000 And as that grows, people don't really understand this very much, but as the deficit grows, the debt grows.

00:28:18.000 The deficit for people that don't know, and I want to explain it because not people know the distinction.

00:28:25.000 The deficit is the difference, the negative difference between revenue and spending.

00:28:30.000 So, the difference between if you subtract your revenue from your spending, if the government's taking in $100 but they're spending $120, the deficit would be $20.

00:28:39.000 The deficit gets added to the debt, which is the overall, this is the accumulated deficits of the United States federal government.

00:28:47.000 And so, the debt currently sits at $20 trillion.

00:28:50.000 You have hundreds of billions of dollars being added to that every year through the deficit.

00:28:55.000 Now, on top of the debt, on top of the $20 trillion debt, I think it's up to $21 trillion, you have, and this is not talked about, but you have $100 trillion in unfunded liabilities.

00:29:09.000 What are unfunded liabilities?

00:29:11.000 Well, the government makes promises to people when they're born.

00:29:14.000 When people get a job and they pay into Social Security and they pay into Medicare, the government makes promises that when they retire at 65, they will get.

00:29:24.000 I got a hair in my mouth.

00:29:25.000 I don't know how that happened.

00:29:26.000 They will get a check.

00:29:28.000 And so all of the unfunded liabilities, the $100 trillion in unfunded liabilities, are all the promises that the government has made to people in the form of Social Security and Medicare and other entitlements accumulated over the course of however many years it'll take to pay that off.

00:29:45.000 So the government has $100 trillion that they need to pay that they don't have.

00:29:49.000 They don't have the $100 trillion on hand to pay for all these future generations of Medicare and Social Security.

00:29:56.000 It's $100 trillion in the hold these days.

00:29:58.000 Programs.

00:29:59.000 And so when people talk about the debt, it's really not $20 trillion.

00:30:03.000 It's really upwards of $120 or $130 or $140 trillion, depending on who you ask.

00:30:09.000 Some people say it's upwards of $250 trillion.

00:30:12.000 We don't really know the extent of it.

00:30:15.000 And the way that the budget works annually, people don't understand this either, is that our spending is divided into two categories.

00:30:23.000 You have mandatory spending and you have discretionary spending.

00:30:27.000 Your mandatory spending will be those entitlements.

00:30:30.000 Every year, about 50% of Spending by the federal government has already been decided.

00:30:36.000 It's not up to the current Congress.

00:30:38.000 When they pass the budget, it's not up to them.

00:30:40.000 50% of the budget is already earmarked for Social Security, Medicare, and other entitlements.

00:30:47.000 That's your mandatory spending.

00:30:49.000 The other half is discretionary spending, of which most of it is spent on the military, upwards of $650 billion.

00:30:56.000 And so what happens is over the course of the next 50 years, what you will see happening is that the mandatory spending will continue to grow.

00:31:03.000 All of that entitlement spending that is not funded, which is mandatory, which it's not up to the Congress to decide if they're going to pay it or not, they have to.

00:31:13.000 It will continue to eat up all of our revenue.

00:31:15.000 That mandatory spending will grow.

00:31:17.000 And then, additionally, as the mandatory spending grows and the discretionary spending goes into the red, because if you imagine that all the stuff you have to pay is set in stone, but you still need to have a military, you're just going to have to go into the red.

00:31:32.000 The deficits will just have to go up.

00:31:34.000 And as the debt grows, as mandatory spending grows, Interest that you have to pay on that debt will grow.

00:31:41.000 So you're looking at this picture where all these numbers is just a big frowny face.

00:31:46.000 If you're having a hard time following this, what it amounts to is a big red X.

00:31:52.000 It's a big fat frowny face saying, Stop spending.

00:31:57.000 It's not going to work.

00:31:58.000 Everyone's going to be very upset because by 2070, this is what they project by 2070, interest on the debt, interest alone, Will consume more than half of federal government revenue.

00:32:15.000 So, all the tax money that the government collects, half of that will go to interest on the debt.

00:32:23.000 And then you have mandatory entitlement spending and then you have discretionary spending.

00:32:27.000 You have to have a military.

00:32:30.000 Can anybody tell me how that math works?

00:32:34.000 Nobody can tell me that because it doesn't work.

00:32:34.000 It doesn't.

00:32:38.000 It will never work.

00:32:40.000 And We can pass our tax cuts.

00:32:42.000 We can pass tax reform.

00:32:43.000 I know it's a lot to ask to overhaul the entire system, but that's what we're looking at in the next 100 years.

00:32:52.000 And that is not a good position for us to be in.

00:32:55.000 Because once it becomes clear to the people that are buying up our treasury notes, once it becomes clear to the people that are buying up our debt, and the people that are buying up our debt, 50% of the debt is held domestically.

00:33:07.000 This is another big misconception about our fiscal policy.

00:33:10.000 People have it like China's buying our debt, and then they're going to decide one day to collect it and there'll be a war.

00:33:16.000 It doesn't quite work like that.

00:33:18.000 50% of our debt is held by the public, it's held domestically by American people in the form of bonds.

00:33:26.000 The other 50% is owned by international elements, of which China is the biggest foreign holder of U.S. Treasury bonds.

00:33:36.000 They hold, I think, 14% of the total debt, or it might be 14% of that held by foreign.

00:33:45.000 I'm not quite sure, but they are the largest holder internationally of the debt.

00:33:50.000 And every year, and this goes in with trade policy, it's all connected here.

00:33:54.000 Every year, when we have a trade deficit with China, we have about a $350 billion a year trade deficit with China.

00:34:03.000 Every year that that happens, China gets $350 of debt, assets, and currency.

00:34:10.000 What they do with the currency, I accidentally just flipped you off, what they do with the currency is they store it.

00:34:17.000 And they deal it out strategically so that they devalue their goods so they can export more of them to us and keep the deficit up.

00:34:26.000 So they buy $350 billion.

00:34:29.000 Some of that goes to currency, and that currency is used to keep having $350 billion deficits.

00:34:35.000 They also buy assets.

00:34:37.000 They buy stocks, they buy businesses, they buy property in this country.

00:34:42.000 They buy up what an asset is in this country. 1.00

00:34:45.000 Not really a good thing that a foreign country is buying up. 0.91

00:34:50.000 Key strategic and economic assets in our country, buying ports, buying media companies, not the best thing. 0.67

00:34:57.000 And lastly, they're buying debt.

00:35:00.000 And what they buy with our debt is they're buying interest.

00:35:03.000 So, who will we be paying that interest to in 50 to 100 years?

00:35:07.000 Who will we be paying that 50% of our revenue to in 2070? 0.60

00:35:13.000 We'll be paying it to China, our number one military and economic adversary in the world for the next two centuries. 0.95

00:35:22.000 It can't work. 0.84

00:35:23.000 It can't go on like this.

00:35:25.000 It has to change.

00:35:26.000 And we haven't even gotten into it, we would have to do a whole other episode if we got into monetary policy, if we got into the Federal Reserve.

00:35:34.000 So that's fiscal, that's trade.

00:35:37.000 Monetary is very complicated, and that's a whole other thing.

00:35:41.000 That's a whole animal in and of itself, which is why the system isn't working.

00:35:45.000 And you look at our entire outlook in terms of economy, and we are setting ourselves up for apocalypse.

00:35:54.000 We are setting ourselves up for disaster.

00:35:57.000 Imagine, if you will, one day you wake up and your dollar doesn't hold any value.

00:36:02.000 What happens then?

00:36:02.000 What do you do?

00:36:05.000 What happens when people lose faith that the dollar has any value?

00:36:09.000 That you go to the grocery store and you can't exchange these pieces of paper for bread or meat or whatever when your landlord stops taking it for rent?

00:36:20.000 What's going to happen, folks?

00:36:21.000 What are we going to use?

00:36:24.000 It's not going to be a good day when the dollar collapses, when the dollar suddenly becomes worth nothing.

00:36:30.000 And that's where we're headed.

00:36:31.000 And that's where the Federal Reserve comes in.

00:36:33.000 They print all of it.

00:36:35.000 You know, and the government doesn't have the money to pay for things, the Federal Reserve says, we'll just run it through the printer and you can have some.

00:36:42.000 They don't really do that so much anymore.

00:36:44.000 They just, you know, put it in the computer.

00:36:47.000 So that's the tax reform.

00:36:48.000 It's good and it's going to be good for this year.

00:36:53.000 It's going to be good for the midterms, but people have to get serious about fiscal.

00:36:56.000 People have to get serious about economy because fine and well, this is fine and well for now when we are in the swamp and we're draining the swamp and.

00:37:08.000 I understand the limitations of the president right now.

00:37:11.000 But unless and until we get serious about the economy and demographics, too, of course, but the economy is so important and it cannot be overstated, particularly in this movement where people tend to forget about it.

00:37:23.000 But that is the tax policy.

00:37:26.000 The other thing I wanted to talk about, real briefly, before we go into the super chats, and I hope that was helpful, I hope that was educational.

00:37:33.000 You're not going to hear that kind of a deep dive on literally any other program.

00:37:36.000 That is the one thing I will say.

00:37:38.000 You know, you ask yourself, Nick, why do you drop out of school so you can do a YouTube show in your basement?

00:37:44.000 Whatever, you know, whatever.

00:37:45.000 Nobody even cares, all right?

00:37:47.000 But the reason that you do that is because you watch the content that the people are putting out there, and they're not offering this.

00:37:55.000 This is not being talked about.

00:37:57.000 And it so needs to be talked about.

00:37:59.000 Somebody really needs to be saying this.

00:38:02.000 You're not going to hear about this on Gavin McKinnis' show.

00:38:04.000 You're not going to hear about this on Fox News at any hour of the day.

00:38:07.000 Steven Crowder's not going to talk about this.

00:38:10.000 And that's why I'm here.

00:38:11.000 I'm here to be the Evan.

00:38:13.000 The evangelist for the doomsday that is coming on all fronts.

00:38:18.000 So that's breaking my arm, patting myself on the back, and tax reform.

00:38:22.000 And then the last thing I wanted to get to is this thing going on in the United Nations. 0.92

00:38:27.000 And this, the takeaway, I guess, from this is that the United Nations and Israel cause us nothing but trouble. 0.95

00:38:35.000 This is the takeaway. 0.55

00:38:37.000 This afternoon, the president threatened to revoke foreign aid from any country that will vote against the United States on an upcoming resolution in the United Nations General Assembly.

00:38:47.000 The resolution doesn't make any explicit mention of the United States, but it opposes any recognition of Jerusalem as the capital of Israel.

00:38:58.000 So, you recall a couple of weeks ago, President Trump announced that the United States officially declares Jerusalem as the capital of Israel.

00:39:06.000 Now, the United Nations will be voting on a resolution in the General Assembly and in the Security Council on basically condemning that, saying Jerusalem is not the capital of Israel, opposing anybody who does recognize Jerusalem as the capital.

00:39:23.000 And President Trump said if people vote yes on that, we're going to end all of our foreign aid and we'll save a lot of money.

00:39:29.000 I have mixed feelings about this.

00:39:31.000 My first takeaway, my first thought is actually kind of good because I hate foreign aid.

00:39:36.000 And so I don't really care what the pretext is for stopping foreign aid as long as it's ended.

00:39:42.000 I mean, that's really where I'm at at this point. 0.64

00:39:44.000 People might say that's kind of simplistic or not seeing the bigger picture, which is that we're making enemies because of Israel. 0.87

00:39:51.000 And I get that. 0.61

00:39:52.000 But foreign aid is a scandal. 0.50

00:39:55.000 Foreign aid should be something that offends and insults every American who knows what it is, and even those who don't.

00:40:03.000 You know, when you consider that we're giving on an annual basis $800 billion a year to Egypt, a trillion dollars, $800 million a year to Egypt, a billion dollars a year to Jordan, $3 billion a year to Israel, $3 billion a year to Afghanistan, $2 billion a year to Iraq, and how many millions to Pakistan and to all these other countries.

00:40:27.000 And where do you think that money comes from, folks?

00:40:30.000 Where do you think that money comes from?

00:40:32.000 I think our politicians have it in their head that they stumbled in.

00:40:36.000 They got elected.

00:40:37.000 They walked on down to Capitol Hill.

00:40:40.000 And oh, look, look at all this money.

00:40:42.000 We found a big fat pile of money.

00:40:45.000 What are we going to spend all this money on, guys?

00:40:47.000 Well, we'll do a little bit for the poor.

00:40:49.000 Here's some for NASA.

00:40:51.000 Well, we got to have a military.

00:40:52.000 Here's your social safety net.

00:40:54.000 And, you know, let's throw some at Egypt because they've been nice to us.

00:40:58.000 Or let's throw some at Israel because, I don't know, they're paying for my campaign next year.

00:41:04.000 But that money comes from us, that money comes from our paycheck.

00:41:11.000 We work all day and then we pay the government, and they take that money and they ship it to Egypt and they ship it to Pakistan.

00:41:17.000 And what do you think they spend it on?

00:41:19.000 You know, either they spend it on planes and, you know, military.

00:41:24.000 Hopefully that's the best case scenario, is that, you know, ostensibly our allies are building up their militaries with that money.

00:41:33.000 That's the best case scenario.

00:41:35.000 Worst case scenario is some despot, some corrupt military leader.

00:41:40.000 Is pocketing the money and it's ending up in their private estate.

00:41:43.000 That's probably what's happening with most of the money that goes overseas.

00:41:47.000 And, you know, even with Israel, with Israel, $3.8 billion a year, we give them that money in the form of a loan.

00:41:56.000 The reason we give it in the form of a loan is because if we gave it in the form of a grant, we would have to put DOD officials in Israel to supervise where that money is being spent.

00:42:06.000 We would have to put American officials in Israel to monitor and make sure that the grant money is going where it needs to.

00:42:13.000 So, we give it in the form of loans so that we don't get to monitor where the money goes, so that we don't get to oversee where the money goes.

00:42:19.000 And then here's the best part not only do we give it as a loan, but we also write off all the loans and say, you don't have to pay us back.

00:42:26.000 And then, even better than that, if you think that was good, even better than that, not only do we give this money as a loan and not ask for the principal or interest back, but additionally, we give this loan to Israel at the beginning of the year so that they can take that money and use it to buy U.S. Treasury notes.

00:42:45.000 And collect interest from us.

00:42:47.000 So, isn't that a great loan?

00:42:49.000 Isn't that a great loan whereby we give them money and then we pay them interest on the money we give them?

00:42:55.000 Isn't that a great scheme?

00:42:57.000 I love that scheme.

00:42:58.000 I wish I had that. 0.99

00:42:58.000 I wish I had a great deal like that, that Israel has. 0.99

00:43:01.000 You know, imagine going to the bank and saying, Hey, can I borrow $20,000? 0.97

00:43:05.000 And they say, Yeah, sure, here's your $20,000.

00:43:08.000 And then they say, You know what?

00:43:09.000 Don't worry about paying it back and don't worry about interest either.

00:43:12.000 And then they were actually like, And actually, we'll pay you interest on that loan.

00:43:17.000 I would take that deal.

00:43:18.000 I would take that deal in a minute. 1.00

00:43:19.000 Be very stupid for the bank, though. 1.00

00:43:22.000 And imagine that, but the bank is using your money, your savings. 1.00

00:43:25.000 That's what we have going on.

00:43:26.000 So my first reaction to Trump threatening to revoke the foreign aid is good.

00:43:31.000 Take away all foreign aid.

00:43:32.000 But then my second thought is why are we making enemies?

00:43:36.000 Why is this resolution on the floor?

00:43:39.000 Why?

00:43:40.000 Why did we have to recognize Jerusalem as the capital of Israel?

00:43:43.000 What did we gain from that?

00:43:44.000 Can anybody seriously answer that question for me?

00:43:48.000 What did the United States gain by recognizing Jerusalem as the capital of Israel?

00:43:53.000 What did we gain from that?

00:43:55.000 What did anybody gain from that?

00:43:57.000 Really?

00:43:58.000 I mean, all President Trump did was announce that he was.

00:44:01.000 Declaring that the capital of Israel.

00:44:03.000 He didn't even move the embassy.

00:44:04.000 He actually signed the waiver.

00:44:08.000 It was actually passed in 1995.

00:44:12.000 I forget the name of the act, but in 1995, a law was passed that said the United States will move its embassy to Jerusalem and recognizes Jerusalem as the capital.

00:44:22.000 But every year since, every six months, we have to sign a waiver saying we're actually not going to move the embassy there and we're going to delay this penalty that that law imposes for not moving it.

00:44:34.000 So, Trump still signed the waiver.

00:44:35.000 The same day that he announced that Jerusalem was the capital, he signed a waiver to say that we're not moving the embassy to Jerusalem.

00:44:42.000 So, you know, we didn't even move the embassy.

00:44:45.000 Nothing really came of it.

00:44:46.000 The only result of declaring Jerusalem the capital of Israel was that Israel liked us more.

00:44:52.000 Israel said nice things to us. 0.63

00:44:54.000 But other than that, we earned the ire of Turkey, Saudi Arabia, Jordan, Egypt, Palestine, the entire Muslim world, Mahmoud Abbas.

00:45:06.000 Probably a lot of elements in Saudi Arabia, Iran, I mean, like the entire Muslim world, Europe, Europe opposed that, the United Nations opposed that. 0.70

00:45:14.000 So, like, great decision, guys, that was really putting America first. 0.91

00:45:20.000 We made Israel happy. 0.76

00:45:22.000 We did something to make Israel's extreme right wing occupying government more legitimate in the eyes of their own people. 0.84

00:45:32.000 And it only cost us the respect and the friendship of the entire Muslim world and all these heads of state.

00:45:38.000 And people say, oh, are you really going to blame Israel for that?

00:45:43.000 Yeah, a lot of it is part of that.

00:45:45.000 Not all of it, but a big fat part of it.

00:45:49.000 You just got to look in the fatwas of the terrorists.

00:45:52.000 They say this.

00:45:53.000 Osama bin Laden's fatwa, when he declared war on the United States, he said one of his biggest grievances against the United States was its support of Israel.

00:46:02.000 The first World Trade Center bomber in 1993, in his fatwa, he said the reason he did it was the United States' support of Israel.

00:46:10.000 And people can say what they're going to say.

00:46:12.000 They're going to say, oh, you know, you can't blame it on, you know, oh, should we conduct our foreign policy to not make Muslims mad? 0.98

00:46:20.000 But if you're going to make Muslims mad, do it in a way that'll benefit us. 0.99

00:46:20.000 No. 0.99

00:46:25.000 You know, we don't need to provoke every country in the world just because nobody will tell us what to do.

00:46:31.000 We can provoke whoever we want, but so long as it's for a reason, and that reason is benefiting our own people and country. 0.55

00:46:38.000 But to piss people off and Soil diplomacy and soil alliances, people that have good U.S. military bases and who help us and sell us their oil because we wanted to just do Israel a solid, that's no good. 0.72

00:46:54.000 So that was the last major thing, and we'll take your super chats. 0.61

00:46:59.000 Another day, another shekel, I guess, with regards to Israel.

00:47:04.000 And we'll take a look at our super chat.

00:47:06.000 What do we have going on in the super chat?

00:47:10.000 What are the people saying today are kind and benevolent, charitable givers today?

00:47:17.000 Simon Skola says, What do you think of Coach Redpill?

00:47:20.000 I don't know who that is.

00:47:22.000 So I don't think anything of him.

00:47:24.000 Simon Skola says, Is American Psycho a Christmas movie?

00:47:27.000 I don't.

00:47:28.000 Believe it takes place during Christmas, does it?

00:47:32.000 So I can't say that it is, no, but Eyes Wide Shut is a Christmas movie.

00:47:36.000 Die Hard is a Christmas movie, but I don't know how you would make the case that American Psycho is.

00:47:40.000 I don't believe it took place during Christmas.

00:47:43.000 Wait, did it?

00:47:44.000 Actually, it did.

00:47:45.000 It did take place during December.

00:47:48.000 I have such a good memory because he killed that guy on, I believe it was December 20th in the movie, right?

00:47:57.000 That was the date that he was being questioned over. 0.99

00:48:00.000 That's that big brain Nibba stuff. 0.57

00:48:02.000 That's that 250 IQ stuff.

00:48:04.000 You don't get that kind of recall.

00:48:06.000 Late December, he killed him.

00:48:09.000 I'm so impressed with myself tonight.

00:48:12.000 Alcabades, Alcibiades, Kleines.

00:48:16.000 Okay, I don't know what this Greek name is, but it's tripping me up here.

00:48:20.000 Is that Greek?

00:48:21.000 It looks like ancient something.

00:48:24.000 Who says Klaus Barbie did nothing wrong?

00:48:26.000 I don't know who that is either.

00:48:27.000 I don't know what's with all the esoteric references tonight.

00:48:32.000 Dick Bickle says Schumer almost cried after the tax bill was passed.

00:48:37.000 It was beautiful.

00:48:39.000 That is a beautiful thing.

00:48:41.000 I mean, you got to imagine why do people think it's a good idea politically for somebody to cry?

00:48:41.000 What a baby, though.

00:48:48.000 Democrats think that that's a good play, I believe, because Barack Obama cried after Sandy Hook, which may or may not have been suspect, and Chuck Schumer cries.

00:48:57.000 And what is with all this crying?

00:48:59.000 Who thinks that that is like a powerful or a good message to send?

00:49:04.000 When you're the representative of your country, of your people, our leaders are supposed to be strong and tough and smart.

00:49:14.000 How are we supposed to be taken seriously if everybody's crying all the time?

00:49:18.000 You know, when Barack Obama cried on Sandy Hook, I was furious.

00:49:21.000 Number one, because he was faking it, and, you know, other things were faked.

00:49:25.000 But number two, because it's like, why is that good optics?

00:49:30.000 Why do you think that's a good look?

00:49:32.000 It's going to gain you the sympathy of all these weak liberals in your country.

00:49:38.000 But if you're dealing with Russia, if you're dealing with Iran, you're dealing with ISIS, are they going to take a leader seriously who's so sad?

00:49:49.000 I just don't get it.

00:49:50.000 And not even like from a macho, like alpha mentality, nothing like that, but just there are times when you cry, there are times when you don't cry.

00:50:00.000 Cry in your private quarters.

00:50:02.000 Go, you know, sip on a whiskey and cry privately to yourself.

00:50:08.000 Quietly.

00:50:10.000 But don't go up in front of the, don't get up on the lectern before the press and before the whole nation and the world and start crying.

00:50:17.000 And you have literal tears running down your cheeks.

00:50:20.000 Give me a break.

00:50:21.000 This should be common sense.

00:50:24.000 And Chuck Schumer crying.

00:50:25.000 That's good though.

00:50:26.000 When he cries, that's good.

00:50:28.000 Gene E says, Have a Merry Christmas break.

00:50:31.000 Well, thank you.

00:50:31.000 You deserve it.

00:50:32.000 Thank you very much.

00:50:34.000 It has been a grueling schedule for me of playing Minecraft all week.

00:50:38.000 And eating donuts.

00:50:40.000 So it is high time for me to take a well earned, well deserved break.

00:50:46.000 But everybody else as well.

00:50:47.000 Hope everybody's enjoying their Christmas or holiday break, their winter break.

00:50:52.000 Yeah, and then have a Merry Christmas.

00:50:55.000 But we'll have all the well wishes on Friday.

00:50:55.000 Have a good holiday.

00:50:59.000 Simon Scola says I haven't seen the full video yet, but Tara McCarthy was on Millennial and she seemed to be nagging a lot and she was acting quite stuck up.

00:51:09.000 Yeah, naturally, of course, right?

00:51:12.000 Oh, Tara McCarthy.

00:51:14.000 Tara!

00:51:15.000 Tara McCarthy.

00:51:18.000 It's funny.

00:51:18.000 I have not interacted with her since she made that ultimatum.

00:51:21.000 I have never interacted with her since then.

00:51:23.000 She blocked me on Twitter.

00:51:25.000 I guess she wants nothing to do with me. 1.00

00:51:27.000 What a petty and dumb dispute. 0.99

00:51:30.000 And you know what tells me how petty and dumb it was? 0.99

00:51:34.000 All the men who were involved in it have come around and have either agreed with me or we've buried the hatchet. 0.95

00:51:42.000 Millennial Matt, he DM'd me a little bit after and he said, We're cool now.

00:51:47.000 And I was like, Okay, great.

00:51:49.000 He took a while to cool off, he took a few days to cool off, and he came back and said, Okay, we're cool.

00:51:54.000 And I said, Great.

00:51:56.000 We're friends again.

00:51:57.000 You know, me and James, it's no secret that it was a little contentious between us that week.

00:52:02.000 Buried.

00:52:02.000 Done.

00:52:03.000 It's over.

00:52:04.000 You know, that's behind us now.

00:52:07.000 But with these other people, with these women, with Millennial Woes, with Pettybone, who unfollowed me, refuses to follow me back, Tara McCarthy, who blocks me, who.

00:52:19.000 It's just how petty. 0.99

00:52:22.000 What a dumb controversy. 1.00

00:52:24.000 And why? 1.00

00:52:25.000 What did I even say that was so.

00:52:28.000 Controversial that was so terrible.

00:52:30.000 I made a couple of jokes, okay?

00:52:32.000 I made a couple of memes.

00:52:35.000 And the only serious point I made was that you can't throw a temper tantrum.

00:52:40.000 And I don't think that's very controversial.

00:52:42.000 I don't think anyone disagrees with me on that.

00:52:45.000 And I was like this close to being boycotted and blacklisted from the alt right. 0.57

00:52:50.000 Nick Fuentes is too extreme for the alt right because he thinks traditional women should be traditional.

00:52:57.000 Wow, you know, imagine that.

00:52:58.000 So.

00:52:59.000 I don't want to jump back into it.

00:53:00.000 Last time I was talking about it, my mom, she comes down, she's like, Can you let it go?

00:53:07.000 And I'm like, You know, mom, you don't understand, all right?

00:53:10.000 I'm very upset.

00:53:11.000 People are being very mean to me online, and I have to rant and rave about it.

00:53:16.000 So, yeah, I did not see her on Millennial, but I don't miss her.

00:53:21.000 Let's put it that way. 0.99

00:53:22.000 Second Amendment Matters says, Nick, have you ever had your ass physically kicked? 1.00

00:53:26.000 Never. 0.99

00:53:27.000 It's never happened.

00:53:29.000 And I don't believe in fighting, I'm not a fighter.

00:53:33.000 If forced to fight, I will fight, but I'm just not.

00:53:40.000 It's one of those things where I know people think they're very tough.

00:53:43.000 I know people think that that's like a cool or a fun thing, but in actuality, physical altercations are not smart.

00:53:53.000 Nobody wins in a physical altercation, in a bar fight, in a fight at a party.

00:53:59.000 You know, any time you get into a street fight, the odds of something going terribly wrong are.

00:54:06.000 Are so high, it just does not make any sense.

00:54:09.000 I mean, you look at how many examples of people getting punched in the head and they die, or people take a tumble down the stairs and they die, or, you know, there's horrible brain damage or whatever.

00:54:19.000 And that's not to some fragile, like, oh, especially, it's no, bro, it's get your adrenaline going. 0.97

00:54:25.000 So, no, I've never gotten my butt kicked. 0.98

00:54:27.000 I should have. 0.99

00:54:28.000 It's kind of a fluke that I haven't because I'm very bold and I'm bold to people's faces.

00:54:33.000 And, but I've been lucky so far.

00:54:36.000 I came very close to Boston University one time, and I'll tell this story real quickly.

00:54:40.000 I was in the dining hall and I was talking smack about some tribe of people.

00:54:46.000 I forget who.

00:54:47.000 But I was in the dining hall.

00:54:48.000 I was ranting and raving at my table. 1.00

00:54:50.000 I was talking about how we need to create more Christian white babies in this country. 1.00

00:54:54.000 And this dumb woman, okay, she leaves her table. 1.00

00:54:58.000 She's like two tables away. 1.00

00:55:00.000 She gets up, huffing and puffing, marches over to my table to chew me out. 0.95

00:55:06.000 She's like, hey, I heard you from over there talking about Christian white babies, and I've got something to say. 0.97

00:55:12.000 And I just cut her in half, okay? 0.98

00:55:14.000 I just embarrass her in front of the whole dining hall.

00:55:18.000 Like, you have no business coming over here.

00:55:21.000 You didn't hear what you thought you heard. 1.00

00:55:23.000 You hate white people. 0.99

00:55:24.000 You know, obviously, it is more eloquent than that. 0.99

00:55:26.000 I forget the exact wording, it was a year ago, but I cut her down to size. 0.87

00:55:31.000 And this contingent of the African diversity picks, literally straight out of the jungle from Africa, I think they were like Kenyan or something or Nigerian, these massive dudes sitting across the table, they start yelling at me, they start heckling me because I start, you know, yelling about Islam and other things. 0.99

00:55:51.000 And they're like, no, you know, we love Allah and we love everything else. 1.00

00:55:55.000 And this one fella gets right up in my face, and I'm just yelling right at him.

00:56:01.000 And it came very close to blows.

00:56:03.000 It came very close to a very bad day for Nick Fuentes, a very enriching experience for Nick Fuentes.

00:56:10.000 But luckily, a woman jumped in and separated us.

00:56:14.000 So I have to say, I have to give credit where credit is due. 0.99

00:56:19.000 The woman was the peacemaker, she split it up, she stopped one of these fellas from going to town on me. 0.84

00:56:27.000 Very tall, very tall, very large, big fella.

00:56:33.000 But I don't back down. 0.96

00:56:35.000 I'll take a beating.

00:56:36.000 I won't be happy about it. 0.94

00:56:38.000 It won't be pleasant for me.

00:56:39.000 Probably not wise, but you can't back down.

00:56:43.000 I wish I could use an expression.

00:56:45.000 My great uncle Tony, I believe, had an expression about these sorts of situations.

00:56:50.000 Or my great uncle Donnie, but I can't repeat it on the air.

00:56:53.000 It's very offensive.

00:56:54.000 But it goes something along the lines of never back down to, you know, and there it is.

00:56:59.000 So.

00:57:02.000 Another question from the Greek name.

00:57:05.000 Give me a quick rundown on Santa, Illuminati?

00:57:09.000 Yeah, that's goofy.

00:57:12.000 Of course, not Illuminati.

00:57:15.000 I like Santa, though.

00:57:16.000 It's a good tradition.

00:57:18.000 Simon Scola, have you been celebrating Hanukkah?

00:57:21.000 You know it.

00:57:21.000 Of course, I've been celebrating Hanukkah.

00:57:25.000 Of course, we have to say it's inclusive, it's fair, it's equal.

00:57:29.000 Of course.

00:57:33.000 Did we lose connection there for a second?

00:57:34.000 It looks like there was a big dip there.

00:57:39.000 Let me check my kilobytes per second.

00:57:41.000 Okay, it looks like we had a dip there.

00:57:43.000 That's all right. 0.55

00:57:45.000 Simon Skola says, Slavo Zizek said, Hitler is the best at Pokemon Go. 1.00

00:57:51.000 Probably true. 1.00

00:57:53.000 Probably true.

00:57:54.000 Crashed Pelican says, I don't ever watch anime, but I've seen you mention ReyShinji in past videos a lot, and I'm binging.

00:58:02.000 Neon Genesis Evangelion right now at episode 5.

00:58:06.000 It's kind of emo, TBH.

00:58:07.000 It is a little bit emo.

00:58:10.000 But it's very good.

00:58:10.000 It's very good.

00:58:11.000 Just wait until, just trust me, you have to keep punching through.

00:58:15.000 You have to watch until the end.

00:58:17.000 And the ending is very polarizing.

00:58:20.000 Some people love it, some people hate it.

00:58:22.000 You got to watch the ending, and then you have to watch the movie, End of Evangelion, and then you'll get it.

00:58:27.000 Okay?

00:58:28.000 But until then, you won't get it.

00:58:30.000 It's very good.

00:58:30.000 Very good, though.

00:58:32.000 Glad you're checking it out.

00:58:34.000 Geary Oak with the single shekel, thank you.

00:58:37.000 Henry Hollingworth says, Merry Christmas, Nick.

00:58:40.000 Have a little riddle for you.

00:58:42.000 I am deeper than any well.

00:58:44.000 My depth is rivaled only by my horizon.

00:58:47.000 I can be observed, but I cannot be seen.

00:58:51.000 What am I?

00:58:51.000 Keep up the great content.

00:58:54.000 Hmm.

00:58:55.000 Deeper than any well.

00:58:57.000 Depth is only rivaled by my horizon.

00:59:01.000 Hmm.

00:59:04.000 Deeper than any well.

00:59:05.000 What's deep?

00:59:06.000 What's deep?

00:59:07.000 Hmm.

00:59:08.000 Deep as in.

00:59:10.000 I don't think it has a physical depth because it says it can't be seen.

00:59:16.000 If it were deeper than a well, it would have a physical characteristic, but it says.

00:59:21.000 That it's not.

00:59:22.000 So it probably means deep in the sense that it's profound.

00:59:25.000 Depth is only rivaled by its horizon.

00:59:28.000 Now, here's the tricky wording there.

00:59:31.000 Horizon, are we talking about width?

00:59:33.000 Are we talking about a horizon in terms of a field in front of you?

00:59:38.000 You know what I'm saying?

00:59:40.000 A perspective.

00:59:42.000 So, wide horizon, a horizon wider than its depth.

00:59:46.000 So, more open than it is.

00:59:49.000 Hmm.

00:59:50.000 I don't know.

00:59:50.000 That's very tricky.

00:59:51.000 It would take me a moment and.

00:59:54.000 And it's very hot right now in this basement.

00:59:57.000 So I'm not in a condition right now where I could answer this difficult riddle.

01:00:02.000 But post the answer.

01:00:03.000 Please post the answer.

01:00:04.000 If anybody's got it, give it here because I am short on my attention span, but I am high in curiosity.

01:00:14.000 The right leaf says What's your stance on the legalization of recreational marijuana?

01:00:19.000 I would recommend investing in leaf weed stocks before our summer legalization.

01:00:23.000 Well, thank you for the.

01:00:26.000 Thank you for your opinion.

01:00:27.000 I don't know if it counts as financial advice.

01:00:29.000 That might be grounds for legal action.

01:00:31.000 So I think I thank you for your opinion.

01:00:35.000 But my stance on recreational marijuana is that it should be illegal.

01:00:39.000 I know that's not popular, but I'm a big, I'm very anti marijuana.

01:00:45.000 I'm anti drugs.

01:00:46.000 I'm anti alcohol.

01:00:48.000 I've never done any drugs in my life, never any illegal drugs.

01:00:52.000 I've never taken a sip of alcohol in my life.

01:00:55.000 I don't believe in that stuff.

01:00:57.000 I think it's very toxic.

01:00:59.000 For the soul. 1.00

01:01:00.000 And you know, you have all these stupid millennials who come at you with. 1.00

01:01:04.000 I read a Reddit article once and I know better than all the doctors about marijuana. 1.00

01:01:11.000 It actually expands your mind.

01:01:13.000 What marijuana does is it numbs you.

01:01:17.000 I don't care if it affects your brain adversely, I don't care if it affects your lungs adversely.

01:01:23.000 All of that is on the side.

01:01:24.000 At the core of it, what marijuana does, what alcohol does, is it numbs you, it numbs your mind, it numbs.

01:01:31.000 You're feeling.

01:01:33.000 And I'm a big believer in Nietzsche, who said that in order to become great, in order to become stronger, you have to feel pain, you have to suffer.

01:01:44.000 Through suffering, you take it upon yourself to improve, to become better, to become smarter.

01:01:50.000 And if you're not suffering, if you're numbing pain, if you're numbing suffering, even if only for a moment, you're not becoming greater.

01:01:57.000 And I've never, I don't drink, I don't do the drugs because of that.

01:02:01.000 Also, because I get very anxious and squeamish about it.

01:02:05.000 I was in LA with Baked Alaska, and he took me to some health store, and they gave me a health shot.

01:02:11.000 They were doing these health shots where it was like super probiotic, you know, whatever, wacky, health trendy stuff.

01:02:19.000 And he gave me, I don't know, it was a shot of like citrus orange essential oils and another essential oil, and then coconut water.

01:02:30.000 And it was supposed to, it was called the Energizer, it was a shot, and it was supposed to make you feel energized.

01:02:36.000 Well, I took this shot and I take it, and I'm like, okay, you know, that was whatever.

01:02:41.000 And the guy tells me something like, that's really strong.

01:02:44.000 It's going to make your heart beat fast.

01:02:46.000 And I literally had to go to the bathroom and I had no chill.

01:02:50.000 Complete meltdown, pale, sweating.

01:02:54.000 I'm very weird about that stuff.

01:02:55.000 I don't know what it is.

01:02:57.000 Consciously, I know what's happening.

01:02:59.000 I'm like, why am I freaking out?

01:03:00.000 But once I get that in my head, I freak out.

01:03:02.000 So it's partially my Nietzschean master morality that I shun the substances.

01:03:10.000 But then on the other hand, it is anxiety.

01:03:13.000 So.

01:03:14.000 There it is.

01:03:15.000 But I'm against it.

01:03:16.000 Can't legalize it.

01:03:17.000 Can't legitimize it.

01:03:19.000 I know people say that it's not effective.

01:03:21.000 Again, it's not about the effectiveness.

01:03:23.000 It's about legitimacy.

01:03:25.000 Jeff Sheldon.

01:03:27.000 Yeah.

01:03:28.000 And he approaches what is the correct expression that I was getting at there.

01:03:35.000 So we appreciate that.

01:03:37.000 American Chunk, are you siege pilled enough to interview David Duke in the future?

01:03:42.000 How many times do we have to answer the DDQ?

01:03:46.000 The David Duke question, the good doctor.

01:03:49.000 We're not going to have him on the show.

01:03:51.000 I don't have anything personally against him, but just optically, we've taken different paths.

01:03:58.000 And I wish him the best.

01:03:59.000 He's a courageous guy, but just, I think, and he knows, I think he knows what it is.

01:04:07.000 And that's not, again, it's not because I have antipathy towards him, but it's just there's a certain connotation, which is unfortunate.

01:04:13.000 He's become infamous.

01:04:16.000 And. 0.99

01:04:17.000 That sucks. 0.99

01:04:18.000 It sucks that that's the way it is, that you can't have a conversation with somebody without being branded, without assuming all the baggage of a person their entire life, and that even he should have to carry around that baggage is, I think, a little bit ridiculous, is 40 years ago. 0.99

01:04:34.000 But that's the way it is. 0.94

01:04:36.000 And Siege, I think, is goofy, okay?

01:04:38.000 Turner Diaries is goofy and is not serious.

01:04:42.000 Sadinsky Lawson says they feed on fear and back down to those that stand. 1.00

01:04:48.000 It's true. 0.99

01:04:49.000 They can smell it.

01:04:50.000 People.

01:04:51.000 Can smell fear.

01:04:53.000 You have to be bold no matter what.

01:04:55.000 I've been, you know, one time I was at a bus station and like, where was I?

01:05:00.000 In Nashville or in Louisville?

01:05:03.000 I was somewhere in the South.

01:05:04.000 I was at a bus station.

01:05:04.000 It was 3 a.m.

01:05:05.000 Don't ask me how I was there.

01:05:07.000 It's not important why I was there, okay?

01:05:08.000 But I was there.

01:05:09.000 I was at a bus station at 3 a.m. in the South in one of these degenerate, you know, cities in like, I think it was Louisville or Nashville. 0.87

01:05:18.000 And I'm sitting on a bench at 3 a.m. and some black guy saunters over to me and he's like, I just got out of prison. 0.91

01:05:24.000 Can I have a dollar for a sandwich or whatever? 1.00

01:05:27.000 And I'm like, no, go away.

01:05:30.000 And not because I was a tough big guy, but it's just because you have to project strength.

01:05:35.000 If they know that you're afraid, they will take advantage of you.

01:05:39.000 Fake it till you make it.

01:05:41.000 I was a little bit nervous, though.

01:05:42.000 I'm not going to lie.

01:05:43.000 I was a little bit.

01:05:45.000 That's why I should be going to the gym, I guess, right?

01:05:47.000 Julius Caesar says the Enclave is the real Chad Fallout faction.

01:05:52.000 No, dude, no.

01:05:54.000 The NCR and the Minutemen, these are the factions, all right?

01:05:59.000 I don't even remember who the Enclave was.

01:06:00.000 That's how forgettable.

01:06:03.000 No, you got to be NCR and Minutemen all the way.

01:06:07.000 This is the only way a traditionalist conservative can go.

01:06:10.000 This is the only way a Hobbesian conservative can be.

01:06:15.000 You know, if you want to LARP like James does with Caesar's Legion, you want to play Lord of the Flies and dress up in, you know, whatever, and play Roman Legion in the nuclear wasteland, okay, you know.

01:06:29.000 But if you want to be a real traditionalist conservative, You got to go NCR.

01:06:35.000 Henry Hollingsworth says, black hole.

01:06:38.000 Ah, ah, ah, ah, I got you.

01:06:40.000 A little bit of a science riddle there.

01:06:42.000 A black hole.

01:06:43.000 Big horizon, depth.

01:06:46.000 Ah, but she can't see it.

01:06:48.000 That's right, because it doesn't reflect light.

01:06:51.000 It absorbs light.

01:06:52.000 A nice science riddle.

01:06:54.000 I wouldn't have thought about that.

01:06:56.000 I'm not a science guy. 1.00

01:06:58.000 Colton Lacey says Nick, how do I attract the women at work? 0.76

01:07:05.000 I am not the foremost person to ask about attracting women. 0.89

01:07:09.000 I more often than not do the opposite when I'm around them. 0.98

01:07:13.000 And I don't know if I create.

01:07:16.000 Like contempt for me in the minds of them, and like a sexual tension, or if it's just an actual visceral hatred they have for me.

01:07:24.000 I don't know.

01:07:25.000 I'm not the person to ask. 1.00

01:07:27.000 Typically, when I deal with modern progressive women, the trad women are all over me. 1.00

01:07:32.000 The Catholic women love me. 1.00

01:07:33.000 They love my spirit, they love my purity, they love my nature.

01:07:36.000 Okay. 1.00

01:07:37.000 But the progressive modern women, I am like they are roaches and I am a pesticide. 1.00

01:07:43.000 All right. 1.00

01:07:45.000 I am bug spray.

01:07:47.000 So, not a great person to ask, but how do you attract women?

01:07:52.000 I don't know.

01:07:52.000 Work out.

01:07:53.000 Women like confident, muscular men, and they also like men who are assertive. 1.00

01:07:53.000 Work out. 1.00

01:07:59.000 This is what I've gleaned from reading about these encounters.

01:08:03.000 So, I would recommend those things to you.

01:08:05.000 Go into the gym, and that'll obviously help with the confidence, but then that too. 0.99

01:08:11.000 You can't be weak around the women.

01:08:13.000 I know men are brought up these days being taught that women.

01:08:18.000 Have to be coddled and you have to be nice to them and you have to be sweet to them.

01:08:22.000 Women don't want that, okay? 1.00

01:08:24.000 Women, think about it evolutionarily. 1.00

01:08:26.000 Were women wooed by the nicest and the sweetest, or were they wooed by the people that could kill the most animals, by the people who could beat the shit out of the most people in the tribe? 0.99

01:08:37.000 I mean, I think we all know the answer. 0.71

01:08:38.000 So you just basically take everything you hear in the mainstream media and in culture and just do the opposite of that, you know?

01:08:48.000 Antagonize them.

01:08:49.000 That's what I do.

01:08:50.000 But that's going to do it for us tonight.

01:08:51.000 That's going to wrap it up for America First on an exciting, informative, hilarious episode.

01:08:58.000 Another installment of America First.

01:09:01.000 Remember to get those super chats in this week for the Christian Appalachian Project.

01:09:07.000 It's for the kids.

01:09:09.000 It's for the kiddies.

01:09:10.000 It's not for me.

01:09:11.000 It's not for my Minecraft addiction.

01:09:13.000 It's not for my Taco Bell addiction.

01:09:15.000 It's not for me stuffing my body full of. 0.98

01:09:19.000 Disgusting globalist mystery meat in the form of Taco Bell and McDonald's.

01:09:24.000 This month it is going to the great children, the good children left behind by globalism of Apple HS.

01:09:31.000 So get the donations in while you can this week.

01:09:34.000 Remember, big call in show on Friday.

01:09:37.000 You got to be in the Discord.

01:09:39.000 We're not doing it on Skype.

01:09:41.000 We're doing it on Discord.

01:09:42.000 Skype has a terrible interface, and everybody who works at Skype deserves to be fired.

01:09:47.000 So we're doing it on Discord.

01:09:49.000 Get in if you're not in already.

01:09:50.000 We do a lot of fun things.

01:09:51.000 We post about We post about Milkies.

01:09:55.000 We post about Minecraft.

01:09:57.000 So it's very fun.

01:09:58.000 It's very great.

01:09:59.000 Remember to buy your AmFirstMedia mugs on AmFirstMedia.com.

01:10:06.000 Fill it up with a lot of liquid so you can drink it down and be a hydrated, powerful Chad.

01:10:15.000 And we'll be restocked on those, I believe, late December, early January.

01:10:20.000 Not sure the specifics. 0.98

01:10:22.000 James is handling it because he is Hoppe and they are good with these.

01:10:26.000 Kinds of things, shipping and packaging things. 0.99

01:10:28.000 So he's going to handle that.

01:10:30.000 Remember to follow me on twitter.com at nickjfuentes.

01:10:34.000 Please subscribe to the video.

01:10:36.000 Subscribe right now if you haven't already.

01:10:38.000 It's cheating if you watch this content but you didn't even subscribe.

01:10:41.000 You got it for free.

01:10:43.000 And you got to click the notification and you got to leave a comment, all right?

01:10:47.000 And that's all I'm asking, okay?

01:10:50.000 And follow me on everything else down below.

01:10:52.000 We got our Facebook, our Periscope, our donation information.

01:10:56.000 If you want to make a Christmas donation, want to help me buy toys for myself, Star Wars toys, old Star Wars toys, obviously, not the new ones, Legos, you know, all that good stuff, books.

01:11:08.000 You can drop a donation.

01:11:09.000 You want to give me some Bitcoin?

01:11:11.000 That would be great.

01:11:14.000 But with that, we have to go.

01:11:16.000 We're on the air Monday through Friday, 7 p.m. Central, 8 p.m. Eastern Standard Time.

01:11:21.000 I'm Nicholas J. Fuentes.

01:11:22.000 This was America First.

01:11:24.000 Thank you, as always, for watching.

01:11:25.000 Thank you for your donations and your comments.

01:11:29.000 We will see you tomorrow.

01:11:30.000 Have a great rest of your evening.

01:11:32.000 And as always, Merry Christmas.

01:11:37.000 Americanism, not globalism, will be our credo.

01:11:44.000 It's going to be only.

01:11:47.000 America first. 0.92

01:11:49.000 America first. 0.98

01:11:50.000 The American people will come first once again. 1.00

01:12:17.000 It's going to be only America first. 0.99

01:12:22.000 America first. 0.98

America First - Nicholas J. Fuentes - December 20, 2017

The Economy is Doomed | America First Ep. 73

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