00:00:11.000Very excited to be back with you here tonight on Tuesday.
00:00:14.000We have some things to talk about, definitely a handful of things to discuss.
00:00:22.000Very slow week, but we got a big show, but that's okay.
00:00:26.000It's going to be a fun, exciting show, but I'm going to be honest with you there's just nothing going on at all in the country or anywhere.
00:00:36.000So, our featured story tonight is about this Senate hearing where I guess one of the senators argued with some woman about whether or not men can get pregnant.
00:00:50.000That's the biggest thing that happened today Josh Hawley, the senator from Missouri, got in an argument with some black girl in the Senate about whether or not women exclusively can get pregnant or whether men who identify as women are.
00:01:08.000Women that identify as men also could be considered people that can get pregnant.
00:05:09.000We're doing a QA, but it's really just going to be a lot of you get to talk to me, get to talk to the eCelebs that are going to be there Kai, Dalton, Tyler, Beardson, I think Wooza, Jimbo, Wurzelroot.
00:05:26.000So it's really just going to be one of the more fun party type events.
00:06:47.000Somebody sent me a play that they wrote about free speech.
00:06:51.000They wrote me a script for a stage play about free speech with a letter.
00:06:57.000And the letter said, You need to come up with the money to produce this play to change the world and wake everybody up about the First Amendment.
00:09:51.000Don't, you can't criticize too much because, you know, you don't want to cross into racism.
00:09:58.000And so you sort of see there's sort of two sides.
00:10:01.000There's sort of two sides to this, like everything.
00:10:05.000You know, some days I'll go to the P.O. Box and I'll get, uh, Toys from the latest Minions movie.
00:10:13.000And then I also get a black guy sending me a book called Jews Are the Problem.
00:10:20.000And it says World War III, COVID, media censorship, food shortages, economic collapse, abortion, mass miscegenation, globalism, inflation, gas prices, racial conflict, normalization of pedophilia, pornography, and sexualization of children, feminism and lesbianism, homosexuality, opioid crisis, global genocide.
00:10:50.000And it says on the back, it says, Are we ready to accept the reality that the Jewish desire to control the planet and exterminate the majority of its people, black, white, yellow, and brown, is real?
00:11:01.000Are we ready to accept the reality that their plan for global conquest is close to complete?
00:11:46.000The whole book is filled with QR codes.
00:11:52.000It seems to be based on protocols of the elders of Zion.
00:11:55.000It seems to be sort of citing the protocols of the elders of Zion and then commenting on it and then providing QR codes for further links to bit shoot videos as well as some other things.
00:16:46.000I want to cover this trans thing first, if that's okay with you.
00:16:50.000I'll cover the trans thing first, then I'll cover inflation because I really want to talk about this.
00:16:55.000So, the story tonight about this big exchange that happened in the Senate is not really about the exchange itself.
00:17:04.000It's really about what I see as conservatives directing their sexually conservative or socially conservative energies into a very tiny compartment.
00:17:19.000And that's becoming a big problem as I see it.
00:17:23.000And what I mean by this is this society is completely upside down.
00:17:29.000It's not like some things have gone too far.
00:17:32.000It's like everything is the opposite of what it should be.
00:17:37.000Because what you'll hear from conservatives is some, you always hear some form of, well, as much progress as we've progressed, as much as things have changed in the past 50 years, I'm really only taking issue with the extreme things.
00:17:55.000The furthest excesses of the things that have taken place in the last year.
00:19:01.000I don't think that people should be able to do what they want in their own homes.
00:19:06.000I think that it should be the consensus in society that things like sodomy and adultery and fornication and homosexuality and transgenderism are considered to be wrong.
00:19:20.000And I think that there should be some laws mitigating those behaviors.
00:19:25.000As to what those laws are, I think that largely depends on where society is.
00:19:32.000And how much of that is being mitigated by shame and other forms of social enforcement?
00:19:40.000And then, how much of that does the law have to pick up the slack?
00:19:45.000But that's an example of a fundamental difference.
00:19:48.000I don't think that third way feminism is wrong.
00:19:53.000I don't think it's wrong that women are having blue hair and getting abortions.
00:19:59.000I think those things are wrong, but I also think it's wrong that women are voting.
00:20:02.000I think it's wrong that women are being encouraged to get educated and go into the workplace.
00:20:07.000I think it's wrong that women are on birth control.
00:20:10.000Women and men are having sex outside of marriage, and they're using contraception to prevent procreation.
00:20:17.000And this is a perfect example of this.
00:20:19.000So, you have this big exchange in the Senate between Josh Hawley and some black academic.
00:20:25.000I don't know exactly what the hearing is about, I don't really know the context, but it was all over Twitter that the Republican Senator Josh Hawley from Missouri gets in a big fight with this academic about definitions.
00:20:39.000And the academic says that we have to talk about.
00:20:59.000And the black woman says, If you're arguing that men cannot be considered capable of pregnancy, you're saying that trans people don't exist.
00:21:08.000And if you're saying trans people don't exist, that creates a culture where trans people kill themselves.
00:21:17.000To say that men cannot become pregnant, she says, is violence because saying that men can't get pregnant denies the existence of female to male transsexuals, which denies the existence of transsexuals, which perpetuates a culture that is so painful for trans people that they kill themselves.
00:21:42.000And so, this is an article about this in Fox.
00:21:44.000It says, quote, A heated exchange between Josh Hawley and Berkeley law professor Kiara Bridges over whether men can get pregnant drew strong reactions online from both sides of the political aisle.
00:21:57.000The Republican senator's Twitter account shared the clip from a Senate Judiciary Committee hearing on abortion on Tuesday.
00:22:04.000In the clip, Hawley asked Bridges if she meant women after she repeatedly referred to, quote, people with a capacity for pregnancy.
00:22:13.000Bridges said that, quote, trans men and non binary people were also capable of carrying pregnancies.
00:22:19.000The senator then asked Bridges if abortion was still a women's rights issue.
00:22:23.000Bridges responded by saying that abortion affected women as well as other people.
00:22:28.000After Holly asked her to explain whose rights were under attack in her view, the professor bristled at the question and accused the Republican of being transphobic and contributing to violence and suicide.
00:22:39.000She said, I want to recognize that your line of questioning is transphobic and it opens up trans people to violence by not recognizing them.
00:22:50.000You're saying that I'm opening up people to violence by asking whether or not women are the folks who can have pregnancies?
00:22:57.000Bridges went on to quote a statistic about the high rate of suicides among transgender people as the pair continued to argue back and forth.
00:23:05.000Many conservatives celebrated the clip as showcasing the absurdity of gender beliefs on the far left.
00:23:11.000And so I watched the clip, and this is a big problem that conservatives have.
00:23:19.000You have a black professor who you may disagree with.
00:23:23.000With what she's saying, but there is actually an internal logic to what she is saying.
00:23:30.000Now, again, I don't agree with what she's saying.
00:23:33.000But if you do agree with what she is saying, her conclusions proceed from her assumptions.
00:23:42.000What I mean by that is if you believe in transgender ideology, you believe that when you have these men or these women that think they're born in the wrong body or born, they were assigned the wrong gender and that gender is a construct and so on.
00:24:04.000If you're one of those people, like this professor, it actually does follow them.
00:24:10.000If there are people that are simply assigned the wrong gender and this needs to be corrected in the society, then you would say that the reason that there's a high rate of suicide among trans people, if all things being equal, without gender being assigned, without a prejudiced society, without a society that is imposing, A so called gender binary construct on people.
00:24:36.000Without those things, trans people would be equal to cisgender people and they wouldn't have a high rate of suicide.
00:24:47.000So, the left says the reason they have this outstanding high suicide rate is because, well, what other reason could there be?
00:24:55.000They're committing suicide because of the systematic or systemic abuses that are happening.
00:25:02.000Trans people are the same as regular people.
00:25:05.000And the only reason they've got these high suicide rates, well, the only possible reason is because of the treatment, the alienation, the so called oppression, what's being imposed on them by society.
00:25:16.000And that's why we need to liberate them and all of this.
00:25:25.000She's saying that transgender people are real.
00:25:28.000If transgender people are real, then men can be pregnant because a woman can become a man and still have the biological reproductive capabilities of a woman, but be called a man.
00:25:40.000And then, therefore, if you say that that can't happen, you're saying trans people aren't real.
00:27:46.000Now think of this the people that are making the culture that everybody consumes and that influences everybody's worldview, your children, you, your parents, Your neighbors, your colleagues, the people that are making the Marvel Avengers and Star Wars, they believe that gender is a construct and there are no men and women and men can get pregnant.
00:28:16.000And they're imposing that view on the society.
00:28:19.000And yes, the professors in the universities that educate everybody now, that educate the entire professional class of lawyers, accountants, Think tank policymakers, researchers, CEOs, hedge fund managers, the professors that educate the entire professional class, as well as most of everybody else, yeah, they really believe that men can get pregnant.
00:29:24.000And if they really believe that, it actually follows then from that presupposition that saying that men can't get pregnant is denying that trans people are real, and it is.
00:29:36.000Contributing to that culture, again, if you presuppose those things.
00:29:39.000And the problem is, where's the argument from the other side?
00:29:43.000Being exasperated about this and being in disbelief and rolling your eyes isn't actually an argument.
00:29:49.000It also isn't actually taking an opposite stand.
00:29:54.000What's the answer to the trans question?
00:29:56.000It's not to say, oh, these people have gone too far.
00:30:28.000And the reason that 41% of trans people kill themselves is because mental illness and transgenderism go hand in hand because they are the same thing.
00:30:39.000And we know that because fundamentally we are not liberal.
00:31:31.000You can believe a lot of crazy things if you don't believe in God, which they don't, which a lot of people don't anymore.
00:31:38.000You could believe a lot of things that just seem ridiculous based on common sense, but a lot of people don't have common sense anymore because the people creating all the media and creating the laws and educating your kids.
00:32:04.000And Josh Hawley is considered one of the most popular, one of the favorites of conservatives.
00:32:17.000He is one of the most noteworthy, considered a leader in the Republican Party, a young leader, some say a future presidential contender.
00:32:27.000And if we're in 2022 and a senator in the higher chamber, considered a leader of the Republican Party, future presidential candidate, cannot articulate, he's a senator, he does this for a living, cannot articulate in a hearing our fundamental views, fundamental views like such a thing as there are men and women, if he can't articulate that well, that is a bankrupt Republican Party.
00:32:58.000You would be forgiven if you were a mechanic and you couldn't articulate an argument for why transgenderism isn't real against a professor of whatever at historical black university.
00:33:12.000But if you're a sitting senator and you're a lawyer and that's like your job and you make the laws and all you have to offer up against this persistent problem of transgender ideology is, oh, seriously?
00:33:52.000Where is the real, well argued, eloquent opposition to this that is going to state unequivocally, not just that's silly or weird?
00:34:02.000But it's fundamentally wrong because we believe in God, because we don't believe gender is assigned, we believe it's intrinsic, because men and women are significantly different and should have different roles in society, and sex is not for fun, sex is for procreation.
00:34:21.000Where's the opposition saying all this?
00:34:23.000Instead, we get all this half assed oh, that just went too far.
00:34:38.000Nobody seems to be okay with that or able to argue against that.
00:34:43.000Ted Cruz has got a transgender kid, but he's going to lead the charge against what exactly?
00:34:50.000We're going to have a trans society, but the transgender people can't play the sports or something, okay?
00:34:59.000So, this is what I'm talking about with conservatives.
00:35:01.000And here's the thing if somebody like Josh Hawley began to work his way backwards, you know, why is it ridiculous that men Would be considered birthing.
00:35:10.000It's because we know that men have penises and not a uterus, because maleness and the so called male gender is intrinsically, essentially linked with the male biological identity, with the male biology.
00:35:33.000And you work your way backwards and you get to the fundamental thing, which is that we believe in God, we believe in the truth, we believe in Aristotelian philosophy.
00:35:46.000And then once you go backwards from there, you could start to build up and say, hey, wait a second.
00:35:50.000It's not just that people think that men can get pregnant.
00:35:54.000Then you've got all these other issues too.
00:35:56.000And so conservatives tout this as a victory.
00:35:59.000They say, Josh Hawley exposed how silly the left is.
00:36:38.000And the other thing, the other part of it is this not only do conservatives not argue the fundamentals, but also they always direct.
00:36:47.000To the extent that we have a resurgent social conservatism in America, it's being directed at these diversions.
00:36:57.000I understand that it makes more sense on some level to open up the conversation with the most ridiculous and the most far out there aspect of what liberals are pushing with LGBT.
00:37:13.000In other words, you're going to find a lot more common ground with people saying that it's wrong for gay people to groom kids.
00:37:20.000At Drag Queen Story Hour, than you are saying that, like, you know, sex should not happen outside of a marriage, you know, because a lot of people think that fornication is okay and so on.
00:37:57.000Let's say we elect a guy that gets stuff done.
00:38:00.000And let's say Ron Cringe, DeSantis, gets in there and he kicks all the trannies out of the girls' sports and he kicks all the trannies out of the girls' bathroom and he shuts down the drag queen story hours and the rest.
00:38:16.000Honestly, what difference does it make?
00:38:36.000You still have men and women fundamentally failing at being men and women and getting together, getting married, and expressing a complementarity as men and women in a marriage.
00:38:48.000You still have women making porn and men being addicted to porn.
00:39:07.000We turned the clock back five years, literally.
00:39:11.000Even if we got everything we wanted, and some people think that's impossible, we would have turned the clock back five minutes, five minutes to midnight, right?
00:39:21.000We would have pushed it back to what, 2010?
00:39:24.000Because they're not even talking about gay marriage anymore, if you haven't noticed.
00:39:27.000They gave up on gay marriage, they gave up on sodomy, they gave up on contraceptives, they gave up on all of that.
00:39:36.000And so we're really pushing the clock back.
00:39:38.000If gay marriage happened in 2015, And let's say the transgender stuff really kicked off in 2018.
00:39:46.000As far as tradition goes, as far as social restraint and social conservatism goes, if we got everything that Republicans talk about today, we would have pushed the clock back four years.
00:39:59.000And we would have pushed it back to 2016, 17, 18.
00:40:31.000We have got to talk about the fundamentals of our worldview and what it would look like to build a society based on our distinct worldview, which is different from the left, different from a godless, atheist, constructivist, liberal worldview.
00:40:48.000Does that look like a society where you have gay marriage and birth control and contraceptives and legal, ubiquitous internet pornography and all the rest, but transgender kids aren't playing in girls' water polo?
00:41:08.000It looks like a society where women don't have the right to vote.
00:41:11.000And it looks like a society where boys and girls get married as teenagers and start having kids and they don't use birth control and they don't use contraceptives.
00:41:22.000And they have big families and a high birth rate.
00:41:25.000And it looks like women wearing veils at church.
00:41:28.000And it looks like women not being in the workforce.
00:41:32.000And it looks like mothers raising their kids.
00:41:34.000And it looks like pornography being banned.
00:41:37.000And homosexuality and transsexuality, as well as heterosexual sodomy, as well as fornication and adultery, being shamed by the society and maybe in some places and some jurisdictions, regulated by the law.
00:41:57.000It does not look like 2022 minus three years.
00:42:03.000And the question is where and when and how are we going to get the society that is truly consistent with our values that we truly want if we're directing all of our energy into these tiny, tiny compartments that don't even really matter that much?
00:43:38.000We can't go back to the Middle Ages and make it the 1100s again.
00:43:42.000But in the 2100s, we can have made enough progress that we've reversed some of the major, major mistakes that we saw to be mistakes in the past 1,000 years.
00:45:07.000I mean, you know, you don't wake up one day and go from a society where the church reigned to a society that is covered in filth overnight.
00:45:20.000They had to build on that, and they had to build on a lot of these liberal assumptions.
00:45:51.000How many people on our side are willing to say the edgiest thing about gay, trans people, and then they're going to go and simp for women and talk about women's rights?
00:46:53.000I didn't know that you're telling me for the first time.
00:46:55.000Now that medieval knight has transformed themselves into a white knight pussy simp.
00:47:03.000Because now they're going to be like, I think that women should have the right to vote and they should be educated and women are smart as they are, beautiful.
00:47:12.000And they turn into a liberal faggot in two seconds.
00:48:56.000Bitchy women, bitches, are just, you know, they are rubbing their hands together and they're laughing when they get these right wing simps and white knights to go out there.
00:49:09.000And direct all the animosity towards, you know, tranny freaks, which are 0.1% of the population, and then they come home and obey their wives.
00:49:20.000Then they come home and they respect their wives.
00:51:11.000You're on the float wearing a rainbow Speedo, okay?
00:51:15.000If you're out there simping for women.
00:51:18.000On my team, we are going to burn the gay pride flag.
00:51:24.000And then, once we finish burning that, we're going to drag your bitch wife out of her home and we're going to put her in the river and drown her because we caught her practicing witchcraft.
00:53:00.000So, anyway, so that's my, when I say we need to imagine a society, when I say we need to realize, we need to imagine and then realize a conservative society, that's kind of what I'm talking about is conceptualizing a bigger hell.
00:53:18.000Is conceptualizing a very large hell, a very large hell that everyone can fall into.
00:53:28.000Not just trannies, but also promiscuous women.
00:55:59.000So, you know, the obsession with the LGBT stuff seems to me to be sort of a cop out.
00:56:06.000It's sort of like let's take all of our social conservatism and let's put it over here where it's not uncomfortable, where it's not going to shake.
00:58:26.000Like transgender people in bathrooms, a society where there is no transgender, where there is no, where we think fornication is wrong, et cetera, et cetera.
00:59:05.000And then you can work your way back forward.
00:59:06.000Well, if men and women are, if maleness and femaleness are essential characteristics of men and women, That men and women are distinct and different intrinsically.
00:59:16.000And then from that, we can derive they should have different roles.
00:59:54.000And there's a Bank of America analyst, analyst, analyst, an analyst, Bank of America analyst who says that the only way to rein in the inflation is by raising the interest rates and essentially triggering a deep recession.
01:00:17.000The hottest inflation in four decades will force the Federal Reserve to take such extreme actions to tame prices that policymakers inadvertently will drag the United States economy into a deep recession, according to Bank of America analysts.
01:00:34.000In a Friday note, the bank's strategists said that market pricing suggests inflation will fall to or below the Fed's 2% target within the next two years, but that a major economic downturn is needed in order for that to happen.
01:00:50.000The analysts, led by Ethan Harris, wrote, What seems to be forgotten here is that inflation is a sticky, slow moving variable.
01:00:58.000Spikes can reverse quickly, but underlying inflation tends to move in a gradual, lagged fashion with respect to the economy.
01:01:06.000It is going to take time to cool off the labor market and even more time to lower labor cost driven inflation.
01:01:12.000The analysts added that inflation expectations, which hit another 11 year high on Monday, according to a New York Federal Reserve study, Could take some time to moderate.
01:01:23.000A steeper than expected increase in inflation expectations in May actually prompted Fed officials to approve the first 75 basis point interest rate hike since 1994 on fears that higher prices were becoming entrenched.
01:01:39.000The Bank of America analysts note comes just a few days before the release of new consumer price index data, which is expected to be another doozy.
01:01:48.000Economists surveyed by Refinitiv expected inflation surged 8.8% in June on an annual basis.
01:01:56.000Fed policymakers in June approved a 75 basis point interest rate hike, pushing the federal funds target range to 1.5 to 1.75 percent.
01:02:07.000Another hike of that magnitude is on the table in July and signs of stubbornly high inflation, Chairman Jerome Powell told reporters after the meeting, prompting investors to reassess their economic outlook.
01:02:20.000Officials also laid out an aggressive path of rate increases for the remainder of the year.
01:02:27.000New York, I'm sorry, new economic projections released after the two day meeting showed policymakers expect interest rates to hit 3.4% by the end of the year, which would be the highest level since 2008.
01:02:41.000Hiking interest rates tends to create higher rates on consumer and business loans, which slows the economy by forcing employers to cut back on spending.
01:02:50.000Mortgage rates are already approaching 6%, the highest since 2008, while some credit card issuers have ratcheted up their rates to 20%.
01:03:01.000Here is previously estimated the odds of a recession next year at around 40%.
01:03:07.000He said, We look for GDP growth to slow to almost zero, inflation to settle at around 3%, and the Fed to hike rates above 4%.
01:03:17.000So we're in for a lot of trouble, is the point.
01:03:22.000And what they're saying now is a lot different than what they were saying last year.
01:03:27.000They're saying now that, and this contradicts a lot of what I've read, that we now live in an era of high inflation.
01:03:35.000We have had, and the target has been 2% inflation for decades.
01:03:41.000That's where inflation historically has been in modern times, and that is what the Federal Reserve tries to maintain.
01:03:49.000And not Bank of America, but other analysts have said that we're in an era now of persistently high inflation, meaning 3%, 4%, 5% inflation, not for the next two years, for the next decade.
01:04:04.000So the idea that inflation is not really something that People think about it is not really a factor.
01:05:37.000What happens if everybody stays home from work?
01:05:39.000Well, you know, the people that work at the store aren't going to be there.
01:05:43.000So you go and buy food from the store.
01:05:45.000And the people that Drive the trucks to deliver the goods to the stores won't be driving the trucks.
01:05:50.000And the people that distribute the goods in distributing centers won't show up and do the logistical work.
01:05:56.000And the people that transport the goods there won't be there.
01:05:58.000And the people that make the goods at the packing plants or the other manufacturing plants, the people at the port of Los Angeles, if the people aren't showing up to work, you have this problem where there's a lot of consumption, not a lot of production.
01:06:29.000And so, what the government did to prevent a total economic collapse two years ago is they injected trillions of dollars of fake money and credit into the economy.
01:06:46.000For the first time ever, you had this dual fiscal and monetary stimulus led by the Congress.
01:06:54.000Where you had trillions of dollars in spending from the government, as well as trillions of dollars in quantitative easing from the Federal Reserve.
01:07:02.000And I don't remember exactly what the layout was in terms of how much was fiscal and how much was monetary, but you had something like more than $10 trillion being injected into the economy in the form of fiscal or monetary stimulus.
01:07:15.000Fiscal meaning government spending, monetary meaning Federal Reserve, open market purchases, as well as other forms of quantitative easing.
01:07:28.000So, on the fiscal side, you've got the government borrowing money to pay people, pay people cash payments, pay big businesses to stay in business.
01:08:00.000The fiscal side was trillions of dollars in the course of three bouts, three major government spending packages.
01:08:07.000And then the Congress, with the spending packages, was also ordering the Federal Reserve to do more quantitative easing, which is essentially increasing the monetary base with various tools the Federal Reserve has, which is unprecedented.
01:08:25.000They doubled the money supply and they created the biggest deficits in American history.
01:08:32.000And what that did was it essentially just deferred the economic pain.
01:08:36.000A lot of people talked about this back then.
01:08:38.000We technically entered a recession in 2020, and the recession is defined specifically as two consecutive quarters of negative GDP growth.
01:08:53.000That's a technical definition of a recession if the economy shrinks two quarters in a row, which it did.
01:08:58.000And so we were in official recession territory in 2020.
01:09:05.000And people talked about a V shaped recovery where the economy would crash, but then it would go right back to where it was a swift recovery because the economy shut down and then it opened up.
01:09:18.000And people said it was a technical recession, but not really.
01:09:21.000And people said it would be bad for a short time, but then it would rapidly get better.
01:09:26.000But that was all a lie because the recession was not deep and severe in 2020 because the government injected all this liquidity into the economy.
01:10:32.000It was notably not very painful for people.
01:10:35.000It was for some, but there were eviction moratoriums, and there was extended unemployment insurance, and there were cash payments, and there were personal.
01:10:45.000Protection, paycheck protection loans, and other forms of stimulus for farmers and for restaurants and for essential businesses.
01:10:54.000And then they doubled the money supply.
01:10:57.000And what that did was defer the economic pain until a later time.
01:11:33.000And now we're going to suffer the consequences, deferred, delayed, of the recession with the distortions of the debt binge, of the credit binge, of injecting as much money into the system as already exists in the system.
01:13:13.000And it's as simple as this you give people all this money, and they spend all their money, and then it gets revealed that there's actually not enough stuff for everybody.
01:13:22.000The fundamental principle that underlies the economy is scarcity.
01:13:27.000There are finite resources with different uses, and there are not enough of these resources to satisfy all of the uses.
01:13:38.000So, you've got a certain amount of lumber, and there is only so much lumber, and there's only so much lumber that can be harvested in a given time.
01:13:46.000And there's not enough lumber to make everything that everybody wants with lumber.
01:13:49.000You can't make infinite houses, you can't make infinite pencils, you can't make infinite whatever else they make out of lumber, paper.
01:13:57.000So, The resources have to be allocated.
01:14:02.000And that's the principal question of the economy.
01:14:05.000How are we going to allocate the scarce resources with different uses?
01:14:08.000That's what the economy is allocation of scarce resources, meaning finite resources, where there's a demand for the resources that exceeds the supply of them.
01:14:20.000And how are we going to allocate those?
01:14:22.000That's what prices do, that's what markets do, that's what capitalism is about.
01:14:28.000Capitalism is a system for allocating scarce resources, and it utilizes a massive amount of information by putting decisions about allocation in the hands of In the hands of distributed across lots and lots of people.
01:14:47.000And it also creates incentives for efficient allocation and utilization of the resources.
01:14:54.000Anyway, so that, I mean, that's the economy is not about demand and the economy is not about the stock market and it's not about animal spirits.
01:15:01.000Maybe that's how the stock market works.
01:15:03.000Maybe that describes stock market trends.
01:15:06.000There's a randomness about it, there's, you know, there's an animal spirit about it.
01:15:11.000But the principle of the economy is about resource allocation.
01:15:16.000And now, why I go into that, why we go into detail on that, or go into the basics, I should say, on that, is because what happens when you double the money supply is now people have more money than there are things.
01:16:51.000And that is to pay for the temporary boost that we all got for the past two years.
01:16:56.000We should have been doing all that in the past two years, but we didn't.
01:17:00.000We got all this money, we bought all this stuff, everything kept going for a little while longer, and then now everybody's going to have to be poorer for a long time before we're a productive economy again, which may never happen, by the way.
01:17:14.000Some of these problems just, I don't think, will be solved.
01:17:17.000Inflation will remain high, these supply chain issues will not be solved.
01:17:23.000If you look at what's going on at the Port of Los Angeles, this gives you a glimpse into our future.
01:17:29.000These are not temporary problems, these are indefinite problems that have to do with the fragility of our country, that has to do with the diminished quality of the people and the labor force and the productivity of our country.
01:17:44.000The Port of Los Angeles before the pandemic was a machine, and people were getting everything on demand, delivered in one day, and all this.
01:17:52.000And the Port of Los Angeles moving containers very efficiently from Asia.
01:17:56.000And now the Port of Los Angeles is completely backed up and not efficient, and there's backlogs on backlogs.
01:18:03.000And it's like, how is that ever going to get fixed?
01:18:06.000They say, well, we're going to run the Port of Los Angeles 24 hours a day.
01:18:09.000Well, that doesn't matter because the truck drivers aren't going to pick it up in the dead of night.
01:18:13.000And we're running out of truck drivers, too, by the way.
01:18:16.000And, like, so there's all the COVID lockdown has put so much strain on the very carefully calibrated, delicate supply chain that it is probably just going to collapse in the near future.
01:19:15.000There is nowhere you can park your money because everyone's going to get more poor and everyone's going to liquidate their assets to pay for their consumption.
01:19:26.000You know, there's nothing you do, I don't think, right now, really, to make a ton of money.
01:19:32.000I guess when things are cheap, you could buy it up and hope that, you know, in the near future, you know, maybe going on.
01:19:38.000I'm not giving investment advice, but, you know, maybe you buy some things, but.
01:19:41.000There's nowhere really now where you can park your money and protect the value because everything's going to be bad for a long time.
01:19:48.000So that's what I wanted to say about inflation.
01:19:51.000Nobody seems to be talking about that.
01:19:53.000Nobody seems to be talking about the fact that, you know, I don't know if you guys remember this, but Trump said back in April 2020, a month after the lockdown started, he said, let's not make the cure worse than the disease, meaning, what if the lockdown will be worse than the pandemic?
01:20:12.000And now you're seeing that in full effect.
01:20:14.000People can't connect the dots on that because people have a very short attention span.
01:20:19.000But decisions that were made two years ago are worse than the pandemic.
01:20:23.000Decisions that were made to save us from a fake pandemic are going to cause more problems than the pandemic itself, which was fake.
01:20:32.000And the disease, rather, the cure has proved to be worse than the disease.
01:20:35.000The vaccine, obviously, ironically, but then also the economics as well, the lockdown.
01:20:42.000But nobody seems to be drawing that connection.
01:20:44.000Nobody seems to be saying this is literally all a consequence.
01:20:49.000Because the Trump economy was booming.
01:20:50.000There were no signs of any problems during the Trump economy.
01:21:36.000And I know we talk a lot about these other things that go on, like the death of our spirituality and the death of our culture and morality and the family and so on.
01:21:44.000But this really sucks too, because everybody was wealthy and everything was cheap and abundant.
01:21:50.000And now it's not going to be for a long time.
01:28:14.000I know this isn't biblical canon, but in Dandy's Inferno, not just Judas Iscariot but Brutus and Cassius were both in the deepest circle of hell for betraying Caesar, a man who was nothing but a benefactor towards them to the best of his ability.
01:28:49.000You know, for all my faults, for all things people criticize about me, I'm authentic, honest, loyal, and that's really kind of what matters, doesn't it?
01:29:00.000I mean, what else matters other than the fundamentals like that?
01:31:27.000Dimestra posited that before the flood, man had a golden age of science and reason thanks to a more perfect and intuitive knowledge we used to possess.
01:31:35.000Since all of mankind was deemed guilty and punishment is meted out according to understanding.
01:31:44.000The sheer scale and scope of God's wrath from the flood indicated to Dimestra that man possessed a superior nature and intellect prior to the flood.
01:32:43.000I heard you say that the attire for Vegas is more casual, but I feel dressing like I went to see the Minions movie with my niggas the other night.
01:41:50.000Another factor that will make this recession particularly painful is the intentional and calculated amplification of scarcity of essential goods, food and oil slash energy, for political reasons.
01:42:14.000I know people say that, but you know, people are always saying like, they're doing this to make you stop eating.
01:42:22.000It's like, do you really think that's the case?
01:42:24.000Do you really think that policymakers are getting together and saying like, let's destroy all the food?
01:42:30.000I mean, I see the articles out there where, you know, the fields are burning down and the meat packing plan is burned down mysteriously.
01:42:39.000You know, so that certainly is mysterious, but I don't know how much I believe that they're getting, like, because what point does that serve?
01:42:47.000If anything, that would make things worse for them.
01:42:49.000Do you think that the elites want hunger induced instability?
01:42:56.000I think that the elites are in control and their power is precarious.
01:43:00.000And I think they want people to be as comfortable and as stable as possible.
01:43:06.000And I think that, insofar as what you're saying, essential goods become scarce and that makes people desperate and unstable and that destabilizes society.
01:43:20.000I think that gives rise to civil disorder, which I actually think they don't want because I don't think they can actually quell civil disorder.
01:46:54.000So, there's been a handful of people that they're like, if I tell Nick something he doesn't like, he's going to ruin my life.
01:47:00.000So, I've got to ruin his life first, which is like wrong.
01:47:04.000You can't like, you can't stab somebody in the back and try to lie and conspire against somebody because you think they might react negatively to something you say to them, even if you haven't said that thing to them.
01:47:18.000You know, that's like, well, I better kill my wife because if I tell her that, you know, If I tell her that I don't like her work friend, you know, then she's going to divorce me, so I should just kill her.
01:48:28.000Don't be a jerk about it, but like, yeah, you know, people should know that you're against it.
01:48:35.000But I think that the biggest thing is people are going to do what they want to do.
01:48:40.000And so if you try and create a contention over that, all it's going to do is alienate people on an interpersonal level.
01:48:48.000That's why I don't really fight with people interpersonally because people believe what they believe, they do what they do.
01:48:56.000And if people want to change, they'll make that change.
01:48:59.000You know, that's something that they're.
01:49:01.000Going to see on their own, or they're going to make a decision to do.
01:49:04.000You know, it's that old expression you can lead the horse to water, you can't make a drink.
01:49:08.000And doubly so for interpersonal relationships.
01:49:11.000You really can't even lead the horse to water.
01:49:14.000You can like throw water at the horse and hope that they like get a taste for water and then like follow you to the watering hole and then they can drink from it if they want.
01:49:24.000But there's really, I find that meddling in people's lives almost always doesn't work out well.
01:49:30.000It either causes unnecessary conflict or problems or people hate you.
01:49:37.000So that's kind of my position on that because I've, you know, in the past tried to help people and it always just bites me in the ass.
01:49:47.000Not that I'm not a generous guy, but you got to help people that want to be helped.
01:49:50.000There are some people that don't want to win and there are some people that do.
01:49:54.000And the people that have potential, the people where there's sort of like, you know, maybe you can see in them the potentiality for change.
01:50:06.000You can cultivate that in people and you can play into that and you can have a conversation and so on.
01:50:12.000But there are some people that are just closed off to it.
01:50:14.000And on some level, you have to respect that.
01:50:17.000You don't have to agree with it and you don't have to like it.