00:00:26.000But of course, we have a major story to talk about this evening.
00:00:31.000Of course, President Trump's tax reform.
00:00:34.000Passed 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.
00:00:51.000And 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.
00:01:03.000But first, we have to take care of some housekeeping things.
00:01:07.000Friday, on Friday, we will be doing a call in show.
00:01:11.000We'll be doing a Christmas call in show on Friday.
00:02:16.000I'll be eating a lot of candy, playing with my Christmas presents and toys and things.
00:02:23.000And so I'll be taking the week off and we'll be back the following week.
00:02:27.000So now that that's all taken care of, remember this is your last week.
00:02:31.000If I'm taking next week off, and I am, this is your last week on this show to donate to the Super Chat for the Christian Appalachian Project.
00:02:41.000Remember all of the proceeds of the Super Chat.
00:02:44.000Go to the Christian Appalachian Project in the month of December.
00:02:50.000We got a lot of donations last night, and that was very great.
00:02:53.000We got a lot of donations on Tuesday for the Alabama special Senate election, and that was very great last Tuesday, I'm talking about.
00:03:02.000And so if we could keep that going this week, keep it going strong today and tomorrow.
00:03:06.000And 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.
00:03:41.000But those will be coming in later if you want to order those.
00:03:44.000But 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.
00:04:03.000And, you know, we've been talking about this for a long time on the show.
00:04:06.000We've been talking about the different provisions that have gone into it over the course of its lifetime in the Congress.
00:04:14.000Draft 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.
00:04:27.000It was passed earlier this week initially.
00:04:31.000If 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.
00:05:17.000Interesting 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.
00:05:35.000But so it was one of the highest corporate tax rates in the world, lower to 21%, a far more competitive rate.
00:05:44.000This tax reform kept all seven tax brackets that existed before, but it is cutting five of those tax brackets.
00:05:51.000And so the new brackets are, or the new percentages rather, are 10%, 12%, 22, 24%, 32, 35%, and 37%.
00:06:00.000So the top marginal tax rate got cut from 39.6% down to 37% under this tax reform.
00:06:07.000And four other of those percentages, four other brackets, were cut in their rate.
00:06:13.000And 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.
00:06:27.000It only changes a little bit when you look at the other provisions.
00:06:30.000The alternative minimum tax has been eliminated for corporations, and that was a secondary form of taxation for wealthy people and corporations.
00:06:40.000That got eliminated for corporations, and the exemption for individuals was raised to $500,000 for single filers and $1 million for joint filers.
00:06:52.000It repealed the individual mandate from Obamacare.
00:06:55.000If you recall, one of the most controversial provisions of the Affordable Care Act.
00:07:00.000In 2010, that's when it passed, right?
00:07:04.000One of the most controversial provisions of the Affordable Care Act or Obamacare was the individual mandate.
00:07:12.000The individual mandate said that employers must provide health insurance for their employees and all individuals must purchase health insurance.
00:07:21.000Everybody has to have health insurance or else they have to pay a penalty.
00:07:25.000And 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.
00:07:39.000As 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.
00:07:52.000If 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.
00:08:01.000You could be in an ambulance and buy health insurance and that would destroy the market.
00:08:05.000So the individual mandate imposed a penalty on people.
00:08:09.000Who weren't buying into the market, who weren't putting in their fair share in the socialist, Muslim, the Muslim, socialist, Marxist healthcare scheme.
00:08:20.000So that got repealed as part of this tax reform.
00:08:23.000And that was very big because this is kind of a, I think, a pretty great retribution against Justice Roberts of the Supreme Court.
00:08:33.000Because 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.
00:08:43.000Gets to penalize you, just gets to tax you for not buying something.
00:08:48.000That's not a constitutional authority that the government has.
00:08:51.000Well, 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.
00:09:03.000So, 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.
00:09:24.000The child tax credit was raised to $2,000.
00:09:28.000So you get a tax credit of $2,000 for every child you have under the age of 17.
00:09:34.000It doubles the exemption for the estate tax.
00:09:37.000So they didn't get rid of the estate tax, which is when you die, they tax your property and your assets and everything.
00:09:44.000They didn't get rid of that, but they did double the exemption.
00:09:48.000So, 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.
00:09:58.000So, poor people are not going to get their granny's estate taken away.
00:10:02.000And 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.
00:10:12.000And so, these are all the provisions, these are all the major provisions that will apply, I think, to individual and joint filers.
00:10:18.000There's other things for pastor corporations and They're changing the way our tax code works internationally.
00:10:25.000It's going to fit more in line with what other countries are doing.
00:10:29.000These are the major dollar and cents stuff.
00:10:33.000And you look at who is getting a benefit, who is saving the most money from this tax reform.
00:10:39.000And it's families, it's the middle class, it's poor people.
00:10:44.000The only people that are really seeing their taxes stay the same or go up are the extremely wealthy.
00:10:52.000People who own lots of expensive property, people in coastal or major cities.
00:10:57.000These are the major people that are getting hit by this tax reform.
00:11:01.000Just about everybody else is getting a tax cut.
00:11:04.000And there was a statistic we were throwing around on Nationalist Review earlier this afternoon that 80% of Americans will see their taxes cut.
00:11:12.000So very pro growth, very solid tax reform.
00:11:17.000One 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.
00:11:26.000The five brackets that were cut, those tax cuts are sunsetted after 10 years.
00:11:34.000And 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.
00:12:00.000If they didn't fulfill these three rules in the Senate, They would require 60 votes to pass the tax reform.
00:12:35.000All 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.
00:12:47.000I think this is the best thing that they could come up with, and it's actually very solid in terms of just about everybody.
00:12:54.000The 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.
00:13:03.000A lot of the things that they use to offset.
00:13:05.000The 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.
00:13:24.000But if you consider what the impact will be electorally, this will really strengthen the president's hand.
00:13:30.000And you look at the reaction so far to this tax reform, there was a lot of skepticism about the pro growth mentality.
00:13:38.000The 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.
00:13:59.000The 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.
00:14:06.000They'll reinvest that in infrastructure.
00:14:09.000They'll reinvest that in capital, and both of those things will make the workforce more productive.
00:14:15.000They'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.
00:14:26.000And that kind of fits into the other critique of it, which is that this will increase the debt by $1.5 trillion.
00:14:31.000The 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.
00:14:42.000And by growing the economy, it will offset the revenue that is not brought in when you cut the rates.
00:14:50.000Additionally, and this is another thing that isn't really stated so much, this is owing to Bastiat.
00:14:56.000For 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,
00:15:11.000of 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.
00:15:26.000It'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.
00:15:46.000But 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.
00:15:58.000That'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.
00:16:07.000What 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.
00:16:18.000So 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.
00:16:30.000It imposes less of a penalty on new businesses starting out, and that's the pro growth mindset.
00:16:37.000So, 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.
00:16:44.000They said, that's not going to happen.
00:16:46.000The businesses are not going to reinvest.
00:16:49.000They 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.
00:16:58.000But we saw the reaction was pretty swift from the business world.
00:17:04.000I mean, me and James, we were doing Nationalist Review this afternoon, and right before we started the show, the tax reform got passed.
00:17:13.000By 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.
00:17:23.000So, 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.
00:17:38.000Fifth 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.
00:17:54.000Boeing 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.
00:18:10.000Wells 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.
00:18:21.000Comcast 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.
00:18:34.000This is all within hours of tax reform passing.
00:18:39.000Within 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.
00:19:00.000And I don't know if this is coordinated.
00:19:01.000I don't know if President Trump reached out to all these companies and maybe that was part of the deal.
00:19:06.000Maybe that was worked in because I've never seen anything like this before.
00:19:11.000I 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.
00:19:19.000Do you see this kind of coordinated, concerted effort by businesses to say, you know, we approve of this, we're praising this?
00:19:26.000So, very solid already, very solid reaction.
00:19:30.000And 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.
00:19:51.000And additionally, I mean, that's all fine and well.
00:19:54.000People are going to have more money, hopefully, have more kids with the child tax credit.
00:19:58.000Hopefully, more businesses will be started.
00:20:01.000But 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.
00:20:19.000You know, whether it's because they get a bonus from ATT.
00:20:22.000Or they get $1,000 off their tax bill every year, or they get a $2,000 tax credit, or what have you.
00:20:29.000And so this is a really strong hand that the president is playing electorally.
00:20:34.000And this is not rocket science, obviously, but he has very low approval ratings right now.
00:20:40.000And I don't know how much I trust the polls.
00:20:43.000They 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.
00:20:55.000I don't necessarily buy that because, of course, they often don't release the methodology for the polling.
00:21:02.000They don't show you which populations were sampled.
00:21:05.000They don't tell you what questions were asked.
00:21:09.000If 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?
00:21:32.000Well, 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.
00:21:39.000Well, anyway, he has very low polling numbers, and that's the only quantitative data we have with regards to the midterms in 2018.
00:21:48.000That's a pretty strong barometer of where the Republican Party will stand, and that is cause for concern.
00:21:55.000But 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.
00:22:08.000It'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.
00:22:18.000It's not going to matter so much if they care about making Jerusalem the capital of Israel.
00:22:23.000It's not going to matter so much about the Russia investigation, which is going on.
00:22:27.000If the economy is strong, the president does well.
00:22:32.000What history has borne out for the past 20 years, at least, when we look at presidents with low approval numbers.
00:22:38.000So, this is a very solid victory economically, politically, and this will be a great news cycle.
00:22:45.000This 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.
00:23:04.000And the narrative for about 10 months has been this guy billed himself as the great deal maker.
00:23:09.000And now here he is floundering in front of the Congress, can't make deals, can't pass bills.
00:23:15.000And I think that put all of that to bed.
00:23:17.000Now that he's got his first major legislative achievement under his belt, all of that kind of talk goes away.
00:23:24.000So he appears competent, he appears pragmatic, and he's one step closer to normalcy, which is something that will absolutely devastate Democrats.
00:23:34.000If 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.
00:23:51.000And people would be surprised at that.
00:23:53.000That may seem counterintuitive, but it is to say that George W. Bush was a bad president, right?
00:24:00.000And he was an unpopular president, but he was a legitimate president.
00:24:04.000People didn't like him, but nobody doubted, at least in 2004.
00:24:10.000But in 2004, nobody doubted that he won the election fair and square.
00:24:14.000They might have thought he was a liar, they might have thought he was a war criminal, and I think that's.
00:24:19.000True to a certain extent, and he lied us into the war, but they also said this is just a Republican president.
00:24:25.000And 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.
00:24:51.000Because 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.
00:25:30.000Certainly, it's not the only thing with regards to the economy.
00:25:34.000It's unfortunate that there is this fixation on fiscal policy alone and specifically taxes.
00:25:40.000What needs to be done with the economy is not just tax cuts, what needs to be done is budget cuts.
00:25:48.000Budget cuts, and you need to change monetary policy and you need to change trade policy.
00:25:53.000Fundamentally, 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.
00:26:20.000When you consider that we have, and it's every aspect of it, it's not, by the way, just.
00:26:25.000Just the $20 trillion in debt that people talk about.
00:26:28.000It'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.
00:26:37.000I mean, we are not on track in 10 years or in 20 years to match our revenue with our spending.
00:26:45.000And while this happens, the debt keeps growing.
00:26:47.000And not only that, but you have unfunded liabilities that will only increase as we go on.
00:26:52.000And there's about $100 trillion of those.
00:26:55.000You have the Federal Reserve, which is printing money, devaluing the dollar.
00:26:59.000I mean, this entire scheme, this entire system is not sustainable.
00:27:06.000And it cannot be said enough that it is not sustainable.
00:27:09.000I don't think people on the dissident right care enough about it.
00:27:13.000Certainly, 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.
00:27:29.000However, if we don't start to address that now, it won't matter what the demographics are.
00:27:35.000The dollar will collapse and you may have like anarchy in the streets if that happens.
00:27:45.000Right 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.
00:27:58.0002008, the deficit went up past $1 trillion.
00:28:01.000It went down to about $500 or $400 billion towards the end of Obama's presidency.
00:28:07.000And now it's hovering a little bit lower than that.
00:28:12.000And as that grows, people don't really understand this very much, but as the deficit grows, the debt grows.
00:28:18.000The deficit for people that don't know, and I want to explain it because not people know the distinction.
00:28:25.000The deficit is the difference, the negative difference between revenue and spending.
00:28:30.000So, 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.
00:28:39.000The deficit gets added to the debt, which is the overall, this is the accumulated deficits of the United States federal government.
00:28:47.000And so, the debt currently sits at $20 trillion.
00:28:50.000You have hundreds of billions of dollars being added to that every year through the deficit.
00:28:55.000Now, 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.
00:29:11.000Well, the government makes promises to people when they're born.
00:29:14.000When 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.
00:29:28.000And 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.
00:29:45.000So the government has $100 trillion that they need to pay that they don't have.
00:29:49.000They don't have the $100 trillion on hand to pay for all these future generations of Medicare and Social Security.
00:29:56.000It's $100 trillion in the hold these days.
00:30:49.000The other half is discretionary spending, of which most of it is spent on the military, upwards of $650 billion.
00:30:56.000And 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.
00:31:03.000All 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.
00:31:13.000It will continue to eat up all of our revenue.
00:31:17.000And 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.
00:31:58.000Everyone'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.
00:32:15.000So, all the tax money that the government collects, half of that will go to interest on the debt.
00:32:23.000And then you have mandatory entitlement spending and then you have discretionary spending.
00:32:43.000I 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.
00:32:52.000And that is not a good position for us to be in.
00:32:55.000Because 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.
00:33:07.000This is another big misconception about our fiscal policy.
00:33:10.000People 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.
00:35:26.000And 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.
00:36:05.000What happens when people lose faith that the dollar has any value?
00:36:09.000That 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?
00:36:35.000You 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.
00:36:42.000They don't really do that so much anymore.
00:36:44.000They just, you know, put it in the computer.
00:36:48.000It's good and it's going to be good for this year.
00:36:53.000It's going to be good for the midterms, but people have to get serious about fiscal.
00:36:56.000People 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.
00:37:08.000I understand the limitations of the president right now.
00:37:11.000But 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.
00:37:26.000The 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.
00:37:33.000You're not going to hear that kind of a deep dive on literally any other program.
00:38:37.000This 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.
00:38:47.000The resolution doesn't make any explicit mention of the United States, but it opposes any recognition of Jerusalem as the capital of Israel.
00:38:58.000So, you recall a couple of weeks ago, President Trump announced that the United States officially declares Jerusalem as the capital of Israel.
00:39:06.000Now, 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.
00:39:23.000And 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.
00:39:55.000Foreign aid should be something that offends and insults every American who knows what it is, and even those who don't.
00:40:03.000You 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.
00:40:27.000And where do you think that money comes from, folks?
00:40:30.000Where do you think that money comes from?
00:40:32.000I think our politicians have it in their head that they stumbled in.
00:41:35.000Worst case scenario is some despot, some corrupt military leader.
00:41:40.000Is pocketing the money and it's ending up in their private estate.
00:41:43.000That's probably what's happening with most of the money that goes overseas.
00:41:47.000And, you know, even with Israel, with Israel, $3.8 billion a year, we give them that money in the form of a loan.
00:41:56.000The 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.
00:42:06.000We would have to put American officials in Israel to monitor and make sure that the grant money is going where it needs to.
00:42:13.000So, 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.
00:42:19.000And 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.
00:42:26.000And 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.
00:44:12.000I 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.
00:44:22.000But 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.
00:44:54.000But other than that, we earned the ire of Turkey, Saudi Arabia, Jordan, Egypt, Palestine, the entire Muslim world, Mahmoud Abbas.
00:45:06.000Probably a lot of elements in Saudi Arabia, Iran, I mean, like the entire Muslim world, Europe, Europe opposed that, the United Nations opposed that.
00:45:14.000So, like, great decision, guys, that was really putting America first.
00:45:53.000Osama 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.
00:46:02.000The first World Trade Center bomber in 1993, in his fatwa, he said the reason he did it was the United States' support of Israel.
00:46:10.000And people can say what they're going to say.
00:46:12.000They'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?
00:46:20.000But if you're going to make Muslims mad, do it in a way that'll benefit us.
00:46:25.000You know, we don't need to provoke every country in the world just because nobody will tell us what to do.
00:46:31.000We can provoke whoever we want, but so long as it's for a reason, and that reason is benefiting our own people and country.
00:46:38.000But 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.
00:46:54.000So that was the last major thing, and we'll take your super chats.
00:46:59.000Another day, another shekel, I guess, with regards to Israel.
00:47:04.000And we'll take a look at our super chat.
00:47:06.000What do we have going on in the super chat?
00:47:10.000What are the people saying today are kind and benevolent, charitable givers today?
00:47:17.000Simon Skola says, What do you think of Coach Redpill?
00:48:48.000Democrats 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.
00:49:32.000It's going to gain you the sympathy of all these weak liberals in your country.
00:49:38.000But 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?
00:49:50.000And 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.
00:50:59.000Simon 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.
00:52:07.000But 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.
00:53:29.000And I don't believe in fighting, I'm not a fighter.
00:53:33.000If forced to fight, I will fight, but I'm just not.
00:53:40.000It's one of those things where I know people think they're very tough.
00:53:43.000I know people think that that's like a cool or a fun thing, but in actuality, physical altercations are not smart.
00:53:53.000Nobody wins in a physical altercation, in a bar fight, in a fight at a party.
00:53:59.000You know, any time you get into a street fight, the odds of something going terribly wrong are.
00:54:06.000Are so high, it just does not make any sense.
00:54:09.000I 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.
00:54:19.000And that's not to some fragile, like, oh, especially, it's no, bro, it's get your adrenaline going.
00:54:25.000So, no, I've never gotten my butt kicked.
00:55:24.000You know, obviously, it is more eloquent than that.
00:55:26.000I forget the exact wording, it was a year ago, but I cut her down to size.
00:55:31.000And 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.
00:55:51.000And they're like, no, you know, we love Allah and we love everything else.
00:55:55.000And this one fella gets right up in my face, and I'm just yelling right at him.
01:01:33.000And 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.
01:01:44.000Through suffering, you take it upon yourself to improve, to become better, to become smarter.
01:01:50.000And 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.
01:01:57.000And I've never, I don't drink, I don't do the drugs because of that.
01:02:01.000Also, because I get very anxious and squeamish about it.
01:02:05.000I was in LA with Baked Alaska, and he took me to some health store, and they gave me a health shot.
01:02:11.000They were doing these health shots where it was like super probiotic, you know, whatever, wacky, health trendy stuff.
01:02:19.000And 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.
01:02:30.000And it was supposed to, it was called the Energizer, it was a shot, and it was supposed to make you feel energized.
01:02:36.000Well, I took this shot and I take it, and I'm like, okay, you know, that was whatever.
01:02:41.000And the guy tells me something like, that's really strong.
01:02:44.000It's going to make your heart beat fast.
01:02:46.000And I literally had to go to the bathroom and I had no chill.
01:04:18.000It 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.
01:05:09.000I 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.
01:05:18.000And 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.
01:05:24.000Can I have a dollar for a sandwich or whatever?
01:06:03.000No, you got to be NCR and Minutemen all the way.
01:06:07.000This is the only way a traditionalist conservative can go.
01:06:10.000This is the only way a Hobbesian conservative can be.
01:06:15.000You 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.
01:06:29.000But if you want to be a real traditionalist conservative, You got to go NCR.
01:08:26.000Were 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?
01:08:37.000I mean, I think we all know the answer.
01:08:38.000So you just basically take everything you hear in the mainstream media and in culture and just do the opposite of that, you know?
01:10:56.000If 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.