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00:00:56.740 Equal Housing Lender, NMLS number 819382. What really happened at Davos this year? What is

00:01:03.660 going on with the World Economic Forum nowadays? Today's guest, Justin Haskins, is going to break

00:01:09.800 down everything that's happening that did not make the headlines. This is one of your favorite guests,

00:01:15.740 and I think this is going to be one of your favorite conversations. We've got so much on today's

00:01:20.720 episode of Relatable. Justin, welcome back. Yeah, it's great to be here. It's been a while.

00:01:35.140 It has been a while, but we always have to bring you on after Davos happens to kind of break down,

00:01:41.140 all right, what went on and what did we miss? When we talked right before the election,

00:01:47.020 we talked about that law in Europe that was going to be passed that would have a huge impact

00:01:52.320 on all industries, all companies pretty much, both here and abroad. And Trump kind of stood in the way

00:01:59.500 of that law taking effect here in the United States. Do you have an update for us? This is a

00:02:07.460 big question, really about the whole global reset that we've been talking about for five years that

00:02:12.300 you've been talking about for longer than that. So the law you're referring to is called the

00:02:16.500 Corporate Sustainability Due Diligence Directive, the CSDDD. It's basically a global social credit

00:02:23.560 score ESG system where the European Union is using their, they're saying, if you want to do any kind

00:02:30.880 of business at all in the European Union, you have to everywhere in the world have our ESG scores,

00:02:36.860 our social credit scores, adopt our European values. That was the idea behind it.

00:02:41.200 And it was a really terrible thing. And if Biden had been president or Kamala Harris,

00:02:47.260 that would have continued on. And we would have been in a really bad situation because corporations

00:02:52.400 would have been slowly moving toward our pushing our society toward Europe, European values. And most

00:02:59.360 people wouldn't really understand why. But the reason why is because if you want to do any kind of

00:03:03.980 business at all with Europe, you have to not only do it for yourself, but you have to do it throughout

00:03:09.460 your most of your supply chains. All the other businesses you work with also have to adopt these

00:03:14.980 European values. So if you're Walmart or some big gigantic corporation and you contract with a farmer

00:03:21.480 in Kansas who has nothing to do with Europe at all, you still have to force that farmer to adopt 0.99

00:03:26.480 European values in order for you, Walmart, to do business in Europe. That's the genius of the model.

00:03:33.460 Forces everyone to be like Europe. And what Trump did is when he came in as part of his negotiating,

00:03:38.440 his negotiations about trade deals is he just flat out said, like, we're not doing this.

00:03:44.460 You're going to have to you're going to have to go back to the drawing board because there's no way

00:03:47.820 we're going to adopt this. And if you try to impose it on us, then we're going to impose tariffs on you

00:03:53.600 and it's going to be disaster for you. So they panicked and almost immediately after him becoming

00:03:59.480 president and saying these things started peeling parts of it back. They delayed it.

00:04:03.740 Uh, now they're talking about gutting a lot of it. Um, and it was some of the more liberal people

00:04:09.340 in the European union, actually, uh, like the prime minister of France and stuff saying, yeah,

00:04:14.800 we're going to have to completely change this. So he had a, a tremendous impact. It's not totally

00:04:20.440 gone and they could easily just bring it right back and they haven't repealed it really. They're

00:04:24.780 just sort of delaying it and waiting and trying to work with Trump on a deal that he'll accept.

00:04:29.880 Um, so it's still a long-term problem, but it is in a much better situation now because of Trump

00:04:36.040 and his pushback on it. Um, so that's a really good thing as far as just sort of wokeism within

00:04:42.860 corporations and those, the sort of the great reset plan of public private partnerships, pushing

00:04:49.260 everybody towards that. Uh, in one sense, it's taken a massive hit, obviously, you know, you've seen

00:04:56.080 it, you talk about it all the time. So there's no question about that. On the other hand, when you

00:05:00.920 pay attention to what they're saying at Davos, you pay really close attention to it and you don't just

00:05:06.580 look at headlines and buzzwords. It's pretty clear that the plan is still the plan. Yeah. They just are

00:05:12.220 really careful about how they go about doing it because they're afraid of some Trump backlash from

00:05:19.080 it frankly. Well, 2020, obviously they pushed too far. We didn't see the results of that until after

00:05:25.360 2020. Obviously the push worked to get Biden in office in November of 2020. But I think once we kind

00:05:33.360 of woke up from that stupor of 2020, a lot of us never fell asleep, but a lot of people did. Um, people

00:05:39.760 realized, Oh, I don't like that. Like, I don't like the government having that much control over my

00:05:45.260 life, how I breathe, how I move. Also these companies like target pushing for the transient

00:05:51.960 of kids. Okay. Like we went way past love is love to that. And it was just too much too fast. And it

00:05:58.540 made a lot of people turn around to go the exact opposite direction, which is why I was in Southern

00:06:03.560 California this June pride month. I walked into two different targets, saw zero rainbows and all 0.96

00:06:10.100 4th of July stuff. So they do respond, even though these huge companies that are woke, like BlackRock

00:06:16.980 have a lot of power there. The consumer still does have power. Obviously Trump got elected. So that

00:06:23.280 means we do, we do still have power. But what you're saying is it's not like these people at Davos,

00:06:29.220 like the Alex Soros is, and some of these other world leaders are saying, Oh, okay, I'm not progressive

00:06:34.140 anymore. And I don't, you do you. They're recalibrating and they're re-strategizing.

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00:07:42.540 code Allie. We could go so many different directions with WEF, but as we look at kind of the power

00:07:53.180 structures in the world that are shaping up and shifting based on what we just talked about, based on Trump

00:08:00.600 taking office, things look different than they did even five years ago. We've got a new, new world order

00:08:07.120 that seems to be shaping up. Can you tell us about that?

00:08:09.960 Yeah, this is so important. Most people don't understand it, but we are living through essentially a cold war

00:08:17.080 right now. And, um, it's not being publicized that way or talked about that way, but that is

00:08:23.980 basically what's going on. The reason why we've had so much activity with Venezuela and the Trump

00:08:31.120 administration going to Venezuela and basically taking Maduro and bringing him back to America,

00:08:35.920 uh, there, the Trump administration bombed, um, Nigeria, uh, around Christmas time. Most people didn't

00:08:43.080 even know that that was going on. Nigeria is the largest country in Africa. Um, the reason that 1.00

00:08:48.400 we're seeing potentially a war in Iran, um, the stuff that's been going on in Ukraine and all these

00:08:56.280 things are related to each other. And what's happening is the Trump administration is taking

00:09:01.840 this approach that we need to build a new, well, basically everyone in the world is now saying we

00:09:08.580 need to build new world orders, different ones. The Trump administration's version of that

00:09:12.960 is America is the top dog in the world. And we're going to build an alliance of other nations who

00:09:20.080 will benefit from that and see the benefit of having that arrangement. But ultimately we're going to set

00:09:24.200 the stage, especially in our own hemisphere. Yeah, that's who we are. That's the Trump administration's

00:09:28.260 model. Love it. The Biden administration's model, Kamala's model and Europe's model is basically

00:09:34.600 America, the progressives in America and the progressives in Canada and in Europe, all team up

00:09:40.080 together and impose their will on the rest of the world. And their will is progressivism, you know,

00:09:45.400 left-wing values, all of that stuff. Then you have the other parties, which are essentially

00:09:52.100 people who support something called a multipolar world. And what that means is we don't want to live

00:09:59.860 in a world where America and Europe tell us what to do anymore. We want to do what we want to do.

00:10:04.560 Um, those, those powers are mostly China and Russia and, um, Iran was part of all of that

00:10:13.620 and others. Okay. So especially in wake of the invasion of Ukraine, the reaction from the Biden

00:10:21.160 administration to that was we, we in Europe are going to get together and we're going to destroy

00:10:26.320 you, Russia through the financial system. That's how we're going to do it. We're going to put all 1.00

00:10:30.600 these sanctions on you. We're going to debank you. We're going to take your money and we're,

00:10:35.800 do you have all this money in banks all over the world? We're going to keep it. We're not giving

00:10:39.260 it back to you. Uh, the international financial system that's involved with trade and all of this,

00:10:44.620 we're going to shut it off to you so that you can't have that. And we're basically going to destroy

00:10:49.020 your economy through all of these means. This was their reaction to that, whether that's a good

00:10:54.340 thing or not. It's a totally separate question, but that's what they wanted to do. So Russia and its 0.87

00:10:59.320 allies, especially China said, wow, that's really bad because if they'll do it to Russia, in this

00:11:06.020 case, they could do it to any of us if they just don't like what we're doing. So if we don't adopt

00:11:10.940 their way of doing things, they're going to destroy us through this financial system. So we need our own

00:11:15.840 global financial order. We need to get rid of the dollar, stop using that. We need to create our own

00:11:21.380 currency, create our own trade alliances, create our own system for doing international infrastructure

00:11:26.660 and international financial arrangements. We have to build all that ourselves. And so they started

00:11:31.600 doing that. They created this alliance called BRICS, B-R-I-C-S. It's an acronym that stands for 0.91

00:11:38.920 Brazil, Russia, India, China, and South Africa. Okay. And then they added a bunch of other countries to

00:11:46.100 it. And so that's their version of the new world order. We're going to create our own alliance of

00:11:52.580 countries that are built around. What do they all have in common? They all have massive populations,

00:11:58.340 massive manufacturing. They have lots of natural resources like oil and gold and rare earth minerals.

00:12:07.140 They have processings, global supply chains, and they're saying, we're going to build a new global

00:12:11.980 economy around us with us at the center. And we don't have to listen to the West anymore. Europe is dying.

00:12:19.240 America is overextended, and they're weak and pathetic. This is all happening under Biden, 1.00

00:12:25.460 remember. And we are going to go to a totally different model that doesn't listen to them.

00:12:30.340 So you have these three competing views going on now. Everything that the Trump administration is

00:12:35.700 doing, foreign policy-wise, is completely related to this competition that is existing right now.

00:12:43.280 When they make deals with Middle Eastern countries over AI and stuff like that, which the Trump

00:12:48.500 administration has done a lot of that, they're trying to build a new coalition with the United

00:12:52.800 Arab Emirates and others who are interested in AI development, that's part of building this new

00:12:58.200 coalition. When we go to Venezuela, which was becoming essentially a proxy state allied closely

00:13:05.880 with the BRICS countries and wanted to be a full member of BRICS and almost got in, that was designed

00:13:12.940 to try to take some power away from Russia and China and Iran in our hemisphere. They don't want 0.99

00:13:19.580 foreign countries in our hemisphere, BRICS nations messing things up here, having influence here. 1.00

00:13:25.800 Greenland is 100% same thing. We want to make sure that we have the ability to protect ourselves

00:13:32.620 against Russia. And Russia has the ability to, you know, through the Arctic, potentially bring 0.64

00:13:38.320 submarines down and there's all these national security concerns over Greenland. The bombing

00:13:43.220 of Nigeria, which happened around Christmas time. Nigeria is an ally of BRICS and they are the largest

00:13:49.680 country in Africa. They could become the superpower of Africa in the next several years. They're going

00:13:53.800 to have a larger population than the United States, probably by around 2050. And we want to make sure

00:14:01.180 that, again, this is all about picking the trade wars with China. The stuff that's going on with

00:14:06.380 Ukraine and Russia, it's all tied together. Trump is trying to build a coalition of countries who see

00:14:12.360 the world, who are, you know, willing to work with us on a common economic agenda. And for the most part,

00:14:21.040 we'll let them do what they want to do in their own part of the world. We're not going to get involved

00:14:24.560 in that for the most part, but we have some commonalities, but we're not going to be tied to

00:14:31.140 Europe anymore like we were before because they're dying and they try to impose their will on us. 0.95

00:14:36.460 And that will is a progressive will. And so everything that's happening right now is tied to

00:14:40.480 this. The world global dynamic is completely changing. Since World War II, it has basically

00:14:46.400 been the same. It's been Europe and America charting the course, leading the world, deciding what

00:14:53.320 happens, going around playing cop basically all over the planet. In some cases, having colonies and

00:14:59.480 getting rid of colonies and doing regime change. And that's been the world. China and these other 0.76

00:15:05.480 countries didn't have enough power, economic might to compete with that. Now they're starting to have

00:15:09.840 that. And the world is breaking up into these three different alliances. And depending on how this all

00:15:15.660 shakes up, the future of the planet is either going to be led by America and its allies and the West 0.98

00:15:23.200 being the Western Hemisphere, being its own separate source of power, or it's going to be China and Russia

00:15:30.200 and other BRICS nations, or it's going to be a Biden administration-like alliance with Europe trying to

00:15:38.400 impose progressivism on the rest of the world. Those are our three paths. And Trump, we know where he

00:15:44.480 stands, but we don't know how this is all going to shake up.

00:15:47.540 Yeah. It really does kind of rise and fall on the United States and who the president is. It's not

00:15:54.160 just him as an individual, but all the people that he puts in power, like who he puts in power as the

00:15:59.060 Secretary of State, as the Secretary of War, as all of those different, you know, I won't say

00:16:04.700 policymakers, but the people who are carrying out the policies that really have an impact not just on

00:16:09.980 us, but also internationally as well. It makes a big difference. And that's what people need to know is

00:16:15.140 that there will be a world power. It's just, who is it? Do you want it to be China and Russia who

00:16:20.960 don't have the same belief in human rights? Or do you want it to be America? Not to say that America

00:16:25.420 is perfect by any means, but if these are our options, then you have a, you know, you've,

00:16:31.600 you've got a choice, you've got a choice to make.

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00:17:37.640 Now, at the WEF, was there anything that you were surprised by at Davos? Things that were said that

00:17:45.940 you think people need to know about that maybe didn't make headlines?

00:17:49.240 Yeah. So I think the biggest thing that didn't make headlines from Davos, the biggest headliner

00:17:56.120 from Davos was really the two competing visions that we just talked about being expressed in one

00:18:01.600 case by Trump himself, just attacking Europe and saying, America's going to lead the world and you

00:18:07.560 guys are either with us or against us. And then Mark Carney, the prime minister of Canada, who's a big

00:18:12.400 Davos guy, big ESG guy, basically saying, no, we need to do it, you know, sort of the old model

00:18:19.120 version of go back to what Davos is really all about and international cooperation and blah, blah,

00:18:24.780 blah, blah, blah. That was the big headliner. But I think the most important thing that came out of

00:18:29.320 Davos is the importance of artificial intelligence in panel after panel after panel. What are the elites

00:18:37.400 talking about? What are they most concerned about? It's clearly artificial intelligence. What they want

00:18:43.260 to do is make sure that AI is designed with their values so that when the, as the world continues to

00:18:49.860 adopt artificial intelligence over a long period of time and AI becomes more influential and powerful

00:18:55.660 in our world, it's with a Davos, you know, core, a Davos infrastructure. That's the focus very,

00:19:03.760 very clearly. And if you chart the focus on AI, Davos has been talking about AI for a long time,

00:19:09.940 but if you talk about the focus of AI at the conference itself, the number of panels, number

00:19:14.920 of people talking about it over a period of time compared to other things, what we're seeing is

00:19:20.480 climate change, ESG, all of that kind of stuff has been trending downwards and emerging technologies

00:19:28.060 like AI have been trending rapidly upwards. And that seems to be the focus for a lot of these people

00:19:34.440 now. Are you concerned about the focus on AI or do you think it's just a reaction to how powerful

00:19:41.260 we're seeing it's going to be? Oh, I'm terrified of it. Yeah. We talked about what's that word that we

00:19:47.120 talked about last time that when AI becomes so powerful, it basically becomes as smart as the

00:19:52.080 human brain and we kind of merge together. Yeah. So there's artificial intelligence we have now,

00:19:58.660 then you have artificial general intelligence is the next stage of development where AI becomes

00:20:04.600 basically as smart as a human being so that it can do a lot because AI is already better at human

00:20:11.900 than humans at a lot of things, but they're narrow. So we usually call it artificial narrow intelligence

00:20:17.840 can be really good at like, uh, doing math for example, but not very good at doing math and,

00:20:24.380 you know, taking your kids to school and 50 other things, painting a picture. It can't do all of it

00:20:29.620 really well. You have to have different systems specialized. General intelligence means it's

00:20:33.980 basically as good as humans at pretty much everything. And then once you hit that level,

00:20:39.520 very shortly after that, most AI experts believe you get artificial super intelligence ASI where now it

00:20:47.540 is far more powerful than people. And at that point, it's so powerful, we can't really control it or

00:20:54.120 even fully know what it's doing. And at Davos this year, they were, they had a whole panel dedicated

00:21:00.540 to artificial general intelligence. And what do we do when AI inevitably becomes just as smart as human

00:21:06.680 beings? And how do we make sure that AI is sustainable and that it's essentially woke, you know,

00:21:13.720 is what they're going for. Um, that's a huge focus of, of theirs. And it has been for a long time.

00:21:19.200 It's just now becoming significantly more important because of how rapidly AI is being deployed and

00:21:24.680 adopted. I feel myself aging as technology becomes more and more as it changes more and more. Like I just

00:21:33.840 don't like people outsourcing their brains to chat GPT. I think it has its uses. And like,

00:21:41.820 I use Grok for different things, looking different things up. But even when like people use it to

00:21:47.980 write emails or write, I don't like it. First of all, I feel duped when I find out that it's been,

00:21:54.180 that it's been written by chat GPT. And I'm like, use your brain. What happens to us as individuals when

00:22:01.160 we start voluntarily outsourcing our God given critical thinking faculties to a computer? Like not

00:22:09.780 what does it do to AI, but what does it do to us as people when we are willingly making ourselves

00:22:16.080 replaceable? That's something that worries me just that we're exchanging like human nature for

00:22:23.920 something robot. And we all thought it would be like I robot or one of those movies where robots are

00:22:31.140 taking us over and we're fighting back. It's not that at all. We're like, here, have my brain,

00:22:35.300 have what makes me human. This unique thing that distinguishes me from an animal here,

00:22:41.020 Grok, have it. That is troubling. It's very, very scary. And the world that we live in today,

00:22:48.440 this is sort of coming at the worst possible time for people in the West because people in the West

00:22:54.620 in particular, we've entered into this postmodern, what is truth kind of thing. A lot of people in

00:23:01.960 the West have no mooring on how they determine whether something is good or bad or true or not

00:23:08.100 true or everything is subjective. And that is crisis level stuff when you inject AI into a society like

00:23:16.660 that. Because really, if we're all just animals, that's all we are basically is how the postmodern

00:23:24.640 world works. People are just animals. The only difference between us and other animals is that

00:23:30.340 we're smarter. Well, then this other thing that's even smarter than us, why shouldn't we just do

00:23:35.980 whatever it says? Why shouldn't we outsource it? If its value is derived by its intelligence and we've

00:23:41.920 built this thing that's smarter than we are, then why shouldn't we just do whatever it tells us to do?

00:23:48.060 Why shouldn't we hand that over? I don't think that there is a good answer from a postmodern

00:23:52.880 perspective, honestly. True. And we are going to get to a world very soon. There's already been

00:23:59.020 lots of stories about this where, and I've actually had lawmakers tell me this. Lawmakers tell me,

00:24:04.840 it's very whispered and quiet. They don't want people to know. But they use AI to help them make

00:24:11.020 decisions all the time. Not just writing, but actually to help them sort of tell them what to do

00:24:18.060 because they're not sure about an important thing. I hate that. That's even worse than giving

00:24:22.880 them your brain. That's giving them your conscience. A hundred percent. And so you're

00:24:26.980 going to AI instead of to, if you're a Christian, the Holy spirit, uh, that is very, that's very 0.51

00:24:33.780 troubling. Yeah. And as that continues to happen and as adoption becomes higher and higher and higher,

00:24:41.120 there was a study recently that came out that said 40% of people are using AI now at work for their

00:24:46.440 jobs. As this becomes more popular and people trust it more, you're going to reach a point in

00:24:53.520 time, especially in a world as divided as the one we have in America where people say, well,

00:24:58.420 why shouldn't AI, if it's smarter than us, just make decisions about society for us because it's

00:25:05.420 smarter. So if it says we should do X, Y, Z policy, who are you? Allie Stuckey to say, no, AI is wrong.

00:25:14.060 Well, you're not as smart as AI. That's what that will be the argument. So why shouldn't we just do

00:25:18.900 what it says? And if you have no grounding in morality, then you get into really scary territory

00:25:26.220 because if AI says, you know, the math says that if we just end free speech, we'll reduce poverty

00:25:33.980 rates and more people will live longer. I don't know. I mean, should we do it then? Yeah. I mean,

00:25:39.840 if you don't believe that any of these things are sort of God given rights and it's just kind of

00:25:44.460 this thing we all collectively have agreed is a good thing. But now this machine that's smarter

00:25:48.540 than all of us says, actually, it's not a good thing. You'd be better off just getting rid of it.

00:25:52.960 Why shouldn't we do it? You know that this is a real problem. The idea that your rights are just

00:26:00.520 this sort of collective agreement is a crisis when you throw AI into it and you basically are now

00:26:07.600 dependent on that to, you know, entrust the science, right? Well, that is the science. So if

00:26:13.480 the science tells us reduce human rights in order to get some better collective benefit,

00:26:18.320 why wouldn't we listen to that? I guarantee that that is the world that we are headed towards,

00:26:23.600 where the debate is going to become how much control over society should we give this machine

00:26:29.360 that's smarter than all of us. And people like you and me who are going to say, don't do that.

00:26:34.460 That's really bad. Are going to be told that we're backwards and stupid and, you know, we're living in 1.00

00:26:41.340 the stone age and that this is the future and trust the science and trust the map. That's what they're 1.00

00:26:46.860 going to say. Guaranteed. And it really does all of this. And for the past five years, every conversation

00:26:52.580 that we've had goes back to this is that it really does come down to the creator versus whether it's

00:27:00.160 the machine, AI, the creator versus these big corporations, creator, God versus all of these

00:27:06.660 governments. Like who has the moral authority? Who is the giver of rights? Who says why we matter?

00:27:14.360 And it's not that everyone is ever going to believe the same thing or that we are trying to force people

00:27:20.160 in America to all believe the same thing as me. But I'm just revealing what the fundamental

00:27:25.780 disagreement is, is who is ultimately in charge. That's what all of these debates come down to.

00:27:32.140 And if we can't agree on just a basic level, hey, there is a creator who is bigger than all of us,

00:27:37.600 who made all of this with a purpose and gives us rights and value. And we should wrestle with and

00:27:42.420 debate how we defer to him and these big things and not try like the Tower of Babel to like build our

00:27:48.480 tower up to God, then we can kind of move forward. But when we can't, yeah, then it's going to be

00:27:59.480 really, really scary when we're the minority voices at least saying, no, no, no, we don't want this

00:28:05.020 machine to be in charge because technology can tell you what is possible. It can't really tell you

00:28:09.940 what is moral. And it's up to human beings to say, okay, when technology takes us from what's natural

00:28:17.320 to what's possible for us to ask, but hang on, is that moral? Is that good?

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00:29:43.460 I want to talk about the counter-programming that was at WEF by people like Gavin Newsom.

00:29:50.140 So you've got Trump saying, America first. This is our value system. This is how we move forward.

00:29:55.460 And then you've got people like Gavin Newsom, who obviously has presidential aspirations,

00:29:59.140 trying to lay a different picture for everyone of America's role and what the world should look like.

00:30:04.400 What was that? Yeah. Essentially, the progressives have not, like Gavin Newsom, have not totally given

00:30:11.020 up on the idea that progressive values imposed in a soft way, they would say, not with military,

00:30:20.180 you know, might or anything like that, but in a soft progressivism driven by things like

00:30:25.260 sustainable investment and international banking and ESG and all the things we've talked about before,

00:30:29.460 the Great Reset, that that still is the best path forward. And really, it is the only path

00:30:36.140 forward for them. They don't have any other options. I mean, there's just no other way for

00:30:41.640 them to make sure that the rest of the world, which is rapidly rejecting progressivism all over

00:30:47.420 the planet. If you just look at the total raw number of people in the world who believe in

00:30:51.300 progressivism, it's actually really low, you know, compared to most people, they have to do it that

00:30:57.140 way. And so what the United States, because Europe really is becoming increasingly weaker,

00:31:03.620 the only way for Europe to be successful in this endeavor is to have a president of the United States

00:31:08.660 who buys into it. And that's what Gavin Newsom is offering. And they're going to sell it to the

00:31:14.500 American people as this is its cooperation. It's, you know, remember all these great times we had

00:31:22.300 together in World War II and, you know, fighting the Soviets and everything. Like we have to go back

00:31:28.240 to that. Like the world's a better place when America and Europe are working together. And it's

00:31:32.420 like, not if I have to live with European values, it's not because I don't believe in the progressivism

00:31:38.240 that they're trying to impose on the rest of us. Right. And so that's the two competing visions.

00:31:43.280 Americans are going to have a choice. We're either going to be leading the world. And I think

00:31:48.880 hopefully building a Western hemisphere coalition, because I actually think we have more in common

00:31:54.620 values wise with say South Americans and Central Americans in a lot of ways than we do with like

00:32:01.500 the postmodern, you know, average person in France these days. Like, I think that's probably true.

00:32:07.280 So are we going to build that kind of alliance or are we going to continue down this road

00:32:12.360 that was set up in post-World War II where it's Europe, European progressives, American progressives

00:32:19.500 working together to force the rest of the world to be just like us and me by like them really,

00:32:24.580 because they're trying to force you and me to be like them too. Yeah. Or and China and Russia 0.70

00:32:30.360 fundamentally at, well, at some point destroying us probably in the process because of how weak

00:32:36.280 we'll ultimately become under that strategy. And that's what I was going to say that I think

00:32:40.720 even though there is that third world order that you described that's led by that small cabal of

00:32:46.600 progressives in different parts of the world, then you have BRICS, then you have the America First

00:32:51.020 Alliance. I would assume that BRICS, if they had to choose between America First and the progressive 0.90

00:32:57.440 cabal, they would choose the progressive cabal just because it makes America weaker. And America being 0.88

00:33:03.440 strong is a huge impediment to Russia and China being able to take power and do what they want to do.

00:33:09.880 So I would assume they'd probably want someone like a Gavin Newsom coming back in there and going

00:33:14.820 around doing the Obama apology tour and being as weak as possible. Absolutely. There's no, I mean,

00:33:20.600 they've been very clear that their goal is to surpass the United States and to become the world leaders.

00:33:26.740 They're very clear, especially the Chinese. They're very open about this. Yeah. And so we should just

00:33:30.820 take them at their word when they say we want to be number one and we don't want America to be number

00:33:34.600 one anymore. And you have to ask yourself, okay, if that's what you want, who's a better fit for

00:33:40.260 you? Like Kamala Harris or Donald Trump? And I think it's like pretty clear what the answer is there.

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00:35:02.320 The very first time you came on, we talked about BlackRock, Blackstone, Vanguard, some of those

00:35:09.320 major players in all of this that a lot of people then hadn't heard of. But, you know, 2020, people

00:35:16.120 are trying to peel back the layers. What is really going on? This is another one of those layers of

00:35:20.520 scope of what's really going on behind the scenes. What role do those companies play, if any, in

00:35:27.920 everything you're talking about? Yeah. So this DTC system, the DTC institution that is the direct

00:35:36.120 registered owner of all of these securities is owned by a corporation called DTCC. Okay. Really

00:35:43.420 confusing. I know. But DTCC is a corporation. So it's owned by shareholders. Shareholders are the big

00:35:50.000 institutions that use it. So the people who are using the institution to basically do the hard,

00:35:57.500 heavy lifting of what Wall Street is doing, transferring stock and things like that.

00:36:03.320 Those are going to be banks, big financial institutions, Wall Street firms, and investment

00:36:08.960 management firms are like BlackRock and those kinds of things are related to all of that. So

00:36:14.800 in essence, every big, powerful player on Wall Street, if they're really big institution,

00:36:21.500 is directly either a direct owner of DTCC, or they are doing so much business with the direct

00:36:28.660 owners that they have a lot of sway in how this whole thing goes. So that's, they're definitely

00:36:35.180 involved in it in that, in that sense. Yeah. Okay. I'm wondering what those players think about

00:36:40.240 Trump and everyone and every entity that you're talking about and some of the things that he's

00:36:45.240 said and done recently. At Davos, President Trump urged Congress to pass a ban on large

00:36:50.020 investors like Blackstone trying to buy up single family homes. So let's just play a clip of him

00:36:56.060 talking about that. It's SOT12. Every time you make it more and more and more affordable for

00:37:03.200 somebody to buy a house cheaply, you're actually hurting the value of those houses, obviously,

00:37:08.260 because the one thing works in tandem with the other. And I don't want to do anything that's going

00:37:14.340 to hurt the value of people that own a house who, for the first time in their lives, are walking

00:37:19.320 around the streets of whatever city they're in very proud that their house is worth $500,000,

00:37:26.460 $600,000, $700,000. Now, if I want to really crush the housing market, I could do that so fast and

00:37:33.800 people could buy houses, but you would destroy a lot of people that already have houses. In some

00:37:40.100 cases, they've mortgaged their house and the mortgage would be very low.

00:37:44.980 Okay. So obviously, if this passed, if this ban passed, you'd have companies like Blackstone

00:37:52.020 take a hit. Tell us what's really going on behind the scenes here. Is Trump really fighting back

00:37:59.900 against all of this? Yeah. I think Wall Street and big corporations have a real love-hate relationship

00:38:05.920 with Trump because on some things, Trump is not, in my opinion, Trump is not a straight-up

00:38:14.000 conservative or just a straight-up liberal or anything like that. He's basically a utilitarian,

00:38:21.440 practical sort of politician who says, I'm going to do the things that I think are going to work

00:38:26.260 and I'm not going to do other things. And so sometimes that aligns with what Wall Street wants

00:38:33.780 and what these big corporations want, and other times it doesn't. In this case, it doesn't align

00:38:38.240 with what they want. They want the ability to buy single-family homes. And the reason they want

00:38:42.100 the ability to do that is because they know, Blackstone and other investors know, that all

00:38:47.440 of the money printing that we talked about earlier is going to continue. It's going to continue at a

00:38:51.640 huge scale because the government can't afford to pay its own debts without printing lots of money.

00:38:55.780 And a lot of that money is going to end up in real estate, in the housing market. They have to keep

00:39:00.480 interest rates low, which drives up the price of homes. And so over the long run, it's a really

00:39:06.360 good investment to buy homes and hold them for a long period of time. And there's going to be more

00:39:11.080 and more people renting because there's not enough houses being built. And all these investment firms

00:39:15.360 know that. And Trump, who's kind of a populist sort of guy, says, this isn't good for regular people

00:39:20.500 and I want to stop it because you can't have a regular person competing with a gigantic multinational

00:39:24.900 corporation over the price of a house. That's not, that's just completely unfair the way that works.

00:39:31.260 But on a whole bunch of other things, he's really good for them, especially like deregulation,

00:39:36.320 for example, and, you know, his investments in AI and bringing foreign investment into the United

00:39:42.320 States. A lot of that stuff works in their favor. And at Davos, you had heads of corporations saying

00:39:48.420 very positive things about Trump at certain times, like the Citibank CEO, for example, was very 0.91

00:39:54.120 positive about Trump and basically said it sucked under Biden. This was a horrible situation. 0.84

00:39:59.100 There was stupid regulations all the time. And this is an exact direct quote, but this is essentially 1.00

00:40:03.800 what he said. Yeah. And it was in that sense, really good for Citibank. Well, Citibank is a big

00:40:09.720 ESG organization. They're big progressives. They're Davos people, but they still like Trump because he's

00:40:16.160 for cutting regulations. So it's a mixed bag when it comes to Trump and his relationship with these

00:40:22.180 people. I want to talk about your book because it's very relevant to what's going on. The Next

00:40:27.340 Big Crash, Conspiracy Collapse and the Men Behind History's Biggest Heist. Wow. Very mysterious. What

00:40:33.860 is that? Yes. So this is the culmination of three years of research while I've been doing other books

00:40:40.900 with some other guy named Glenn Beck. I was working on this, too, on the side. It's nice of him to help

00:40:45.280 you. Oh, it is. It's very nice. Yeah. So the book is just the most incredible story. And the more it's

00:40:52.560 one of those things where you start researching it and it gets crazier and crazier and crazier and

00:40:56.340 crazier. But at the root of all of it is most people have absolutely no idea at all that your

00:41:03.620 investments, the investments that people have, not just any individual person, institutions, basically

00:41:08.160 everybody in America. You don't actually own them legally. So the direct registered owner of all

00:41:15.480 investment securities investments, we're talking stocks, bonds, retirement accounts, all that stuff

00:41:20.340 is owned by one singular institution called DTC, the Depository Trust Company. And this whole thing was

00:41:27.620 set up over several decades by very powerful special interests started in the 1960s and 70s.

00:41:34.860 And by switching to this model where people, individual people, don't own their own investments,

00:41:41.020 they were then able to build on top of it all of these rules that benefit big institutions so that

00:41:47.120 in the event of a big gigantic crash, they will be protected, they will be bailed out, and everyone

00:41:53.860 else maybe could be destroyed by this or maybe not, depending on how things go. And most people have no

00:42:02.100 idea that this is what has happened. And so that's sort of the heart of what the story is about. But

00:42:09.300 the conspiracy that led to it and the people who were involved in it is even crazier, that part of

00:42:15.600 the story. So it's just, it's just the most unbelievable thing. And I don't think anybody really

00:42:21.100 knows that that's the case, that when you go and you make your investments and you save your whole life

00:42:26.300 for you and your family, those things don't really belong to you. And in the next big crash,

00:42:33.760 you may lose all of it. Okay. Tell us what that means. What is DTC? Okay. So the Depository Trust

00:42:41.000 Company was set up by big financial institutions on Wall Street back in the 1960s and 70s. It officially

00:42:48.560 launched in 1973. And what it is, is it's a financial institution that actually owns all

00:42:57.340 of the securities investments. So all the stocks, all the bonds, they're the actual owners of

00:43:01.880 it, the direct registered owner of it. In the whole world, not just America. Well, pretty

00:43:06.240 much in America, but a lot of the foreign ones too. Everything traded in America, New York Stock

00:43:10.380 Exchange, NASDAQ, all of that's going to be owned by one institution. So when you go and you

00:43:15.080 make investments, you think you're buying a stock like Tesla or something like that,

00:43:21.440 but you're not. What you're buying is a contract that gives you certain rights related to the stock.

00:43:28.220 But the stock itself is actually owned by this institution called the Depository Trust Company.

00:43:33.640 The Depository Trust Company is owned by another corporation that is owned by all the big Wall Street

00:43:40.120 firms. So the big Wall Street firms sort of indirectly own everything and you give them your

00:43:46.080 money thinking that you are a part owner in it, but you're actually not a part owner in it. You have

00:43:51.060 an ownership right related to the investment. You get certain benefits to it, but you're not the actual

00:43:56.700 owner of the investment. So the reason why this is so important is because if you're not the actual

00:44:01.940 owner of it, then your rights are totally dependent on what the contract says and what regulations say

00:44:09.480 and what laws they pass in Congress and at the state level, but you have no constitutional rights

00:44:15.320 to the actual property itself. So if they want to change the rules and use the property in ways that

00:44:22.500 you don't agree with, which they've done, then they can do that because it's not really yours.

00:44:28.620 And so they've created all these special systems and rules and they basically, the whole derivatives

00:44:35.300 complex on Wall Street, which is basically like gambling on Wall Street. When you think about

00:44:39.700 people making risky investments and all of that stuff that they're making a fortune off of all of

00:44:46.820 that, that's only possible because they're the owners. All the ownership is tied up in one

00:44:52.500 institution that they control. If that wasn't the case, then they would have to go to you every time

00:44:57.160 they want to do something like that and get your permission to use your investments for all of these

00:45:02.700 other arrangements that they've got going on. And they don't have to do that because you don't

00:45:06.620 really own it. Some people are saying, well, that's, you know, I've gotten a return on my

00:45:10.560 investment. Things seem to be going fine. I seem to own it. I'm getting the money back that I invested

00:45:16.560 if it was a good investment. So how, what do you say to those people who say, well, the system seems

00:45:23.020 to be functioning okay for me? Yeah. So as long as everything is going okay in the market and you

00:45:29.800 don't have big gigantic financial chaos, pretty much everything will be fine. Most people will

00:45:35.000 never realize that this is the arrangement, but they're the ones who have built all this

00:45:40.080 infrastructure that's designed to help them in the event of a big gigantic crash. So they're the

00:45:47.960 ones preparing for that. And there's all sorts of people who have been involved in it, academics and

00:45:53.300 stuff. You can read the papers and go, it's all in the book, the next big crash. And you can see for

00:45:57.420 yourself that they are preparing for what one of them called Armageddon. So a financial Armageddon

00:46:03.140 happens, all the big institutions, they can be protected. If it never happens, then great.

00:46:09.320 Everything just keeps moving along and everything is fine. But if they need to tap into that,

00:46:13.940 all that wealth in order to prop up big institutions, they can do that. And the vast majority of people

00:46:20.000 have no idea that that's even a risk. They think they own these things that they're buying and paying for

00:46:25.420 and paying commissions on, on top of it to buy it and have it, but they really don't own it.

00:46:30.740 They just own something that's kind of related to it.

00:46:33.400 I've never heard of the DTC. It's a company that runs here in the United States.

00:46:39.720 Yeah, it's sort of, yeah. It's a financial institution that sole job is basically to help

00:46:47.320 these other financial institutions in Wall Street, big investment firms like, say, Merrill Lynch or

00:46:53.380 Fidelity or banks like Chase Bank or any of those kinds of things to make Wall Street work. So when you

00:47:00.300 buy and sell on Wall Street or you have people doing like options trading on Wall Street or futures

00:47:06.000 trading, all of that stuff is happening within this DTC financial institution. And the DTC is part of

00:47:13.940 the Federal Reserve. It's a Federal Reserve Bank. So the Fed is actually tied up in all of this stuff as

00:47:19.200 well. But yeah, most people have never heard of it. I never heard of it until a few years ago.

00:47:23.660 It's because unless you're on Wall Street and you're dealing with this kind of stuff,

00:47:26.740 you would never hear about it. You call this a property rights heist. What does that mean?

00:47:31.820 Right. So back in the 1960s and 70s, before they started changing the laws,

00:47:36.600 when you would make an investment, you were the actual owner of that investment. You would actually get

00:47:43.960 a paper certificate. They used to send people paper certificates with their names printed on it

00:47:48.560 that said, this is your stock for this company that you just bought. They don't do that anymore

00:47:53.920 because you don't own it anymore. So they shifted the system. Powerful special interest shifted the

00:48:00.980 system very quietly in a way that people just didn't even realize was happening so that you no longer

00:48:06.560 own the investments. You just own something that's kind of related, that's related to the investments.

00:48:12.260 It gives you certain rights and benefits, but it's not the investment itself. So we took ownership

00:48:17.320 effectively away from everybody who makes investments in the United States, which is most people these

00:48:24.340 days, especially with retirement accounts and everything else, without people having any idea that that

00:48:29.340 was what was going on. So technically, it wasn't stealing because technically, you know, they did it

00:48:34.700 through the legal system, but no one knew it when it happened. They just took your property rights away

00:48:40.900 and all the protections you would normally have. And they did it without people having any idea that

00:48:47.540 it was going on. Okay. So these big financial players are taking our money. They're using it

00:48:54.200 however they want to for whatever purposes. And if things are going well, then we might get a return

00:48:59.080 on our investment. But when things really hit the fan, they'll take all the money that they've taken

00:49:03.720 from our investments and use it to prop themselves up. Is that the very simple explanation for what

00:49:09.140 you're talking about? It could go that way. It depends on what happens. Now you have rights and

00:49:13.920 there are limits to what they can do with your investments right now. They can't just do whatever

00:49:17.460 they want, but the, but that's because there are regulations and stuff in place that prevent them

00:49:23.100 from doing it. It's not because they don't own it. Right. And the regulations could change and there

00:49:27.580 are emergency powers in place like laws, emergency powers laws in place right now that could be

00:49:32.800 activated that change all of that right now. So whatever protections you do have could go away

00:49:38.460 tomorrow if they really needed to. So again, if they don't need to, they're not going to do that

00:49:42.980 because then everyone's going to realize that, you know, the gig would be up. Everyone would realize,

00:49:48.020 oh wow, we actually, this is a really bad system. We don't like this. So they're only going to do

00:49:53.000 something like that if they absolutely have to, like if there was a big gigantic collapse,

00:49:58.460 an economic collapse. Some of this did happen in 2008. There were actually isolated situations

00:50:04.860 when Lehman Brothers, which was a big financial firm went under in 2008, this exact situation

00:50:11.760 happened. And some of their customers actually lost access to their investments that they had made

00:50:18.000 because Lehman Brothers was taking that money of that, uh, those investments and they were pledging

00:50:23.740 it as collateral with a bank, with JP Morgan Chase and doing some other stuff like that. And basically

00:50:29.900 what that means is you go to, go to a bank and you say, uh, I, I need financing because they were in a

00:50:36.000 lot of trouble and the bank says, okay, well, but what if you don't pay us back then what? And they say,

00:50:41.000 okay, well, we're just going to pledge all of this collateral, all this stuff we have. And if we don't

00:50:45.320 pay it back, you get to take all this stuff, except they started pledging their customers' assets

00:50:50.540 as part of that deal. And then when Chase Bank wanted their money back as Lehman Brothers collapsed,

00:50:57.400 they took, they actually stopped people from getting access to these investments so that they

00:51:02.500 could have them. And there was big, long legal battles over it. And it was a whole scandal

00:51:07.240 essentially, and ended up working out somewhat okay for a lot of people, but they had to wait a long

00:51:12.200 time to get access to their investments. But that's the kind of thing that was the same laws that

00:51:16.220 happened in that situation could happen. But on a very large scale. Yeah, on a very large scale. So if you

00:51:20.220 had a really big crash, and there's a lot of reasons to believe we could have a really big crash at some

00:51:25.520 point in the future, because of how messed up our system is financially, if that happens,

00:51:32.540 then everybody who's made investments thinks they own this stuff and thinks, oh, no, I'll get my money

00:51:37.460 back because I'm not being risky. It doesn't matter. If the system collapses, and they trigger the right

00:51:41.980 laws, they could use your property, because it's not really yours, to their benefit to prop themselves

00:51:47.760 up. And that is exactly the kind of thing that they appear to be planning to do in the event of

00:51:52.500 something like that happening. Last sponsor for the day is Concerned Women for America. From

00:52:02.480 Congress to your children's books, there is a culture war raging across America. And for the

00:52:07.200 moms watching, I don't have to tell you this, you know this because you're living it, you know it

00:52:11.360 because you listen to and watch my show. And so if you've ever wondered, okay, all of this is crazy

00:52:17.140 that's going on, but I want to know what my part is, like, how do I make a difference? I really

00:52:21.240 encourage you to connect to your chapter of Concerned Women for America. This organization

00:52:26.080 has been around for 45 years, and they are the largest public policy Christian women's organization.

00:52:33.340 They focus on family, the sanctity of life, religious liberty, parental choice, fighting

00:52:38.760 sexual exploitation, national sovereignty. They train women to become grassroots leaders, 0.51

00:52:44.140 to speak into the culture, to pray, to testify, and to lobby. The president, Penny Nance,

00:52:49.280 has this awesome book. It's a woman's guide, seven rules for success in business and in life. 0.98

00:52:55.580 And for a donation of $20 or more, you can get that free copy sent to you. Go to

00:53:00.760 concernedwomen.org slash Allie. That's concernedwomen.org slash Allie.

00:53:09.960 You say that the CIA could possibly be a hidden player in this heist. What do you mean?

00:53:16.020 Yeah. So there's the problem that we've talked about, where you just have lost your property

00:53:21.300 rights. But then there's just this incredible story of how all of this came about in the first

00:53:26.860 place. And when I was researching that part of the story, that's when it really got, I became

00:53:34.220 convinced something more was happening here than just big firms setting themselves up to protect

00:53:39.960 themselves. Yeah. And it all starts with this guy named William Denser. William Denser is not a

00:53:46.260 well-known guy, but he ran DTC and was well-known on Wall Street for a very long time. He was the guy

00:53:53.100 that the big banks and other financial institutions put in charge of this DTC project to control

00:53:59.060 everybody's investments, right? So the thing about William Denser was at the time he was put in

00:54:05.220 charge of this project. He was completely unqualified for the job. It made no sense whatsoever. Prior to

00:54:13.440 that job, he had a bank regulatory job, which had nothing to do with what, you know, what DTC was

00:54:19.040 doing really, but he was completely unqualified for that job too. You go back one more step. He was at a

00:54:24.420 New York domestic policy commission. He was totally unqualified for that as well. No experience in any of

00:54:29.780 these fields before getting these jobs. And he had all of them within just a few years. They just kept

00:54:34.480 giving him all these crazy promotions until he ended up in this situation where he's in charge of

00:54:38.960 one of the most powerful financial institutions that have ever existed. $80 trillion worth of

00:54:44.080 investments are in DTC. $80 trillion. Wow. So how did that happen? So you go all the way back to his

00:54:50.920 history and you follow it through. William Denser was a student activist in the 1950s. And while he was

00:54:57.800 this student activist at this big, gigantic student organization called the National Student

00:55:02.860 Association, the CIA started secretly funding this project illegally. They weren't supposed to be

00:55:10.220 doing it. And Denser was a huge part of that. So Denser is a CIA activist and, or a student activist

00:55:18.980 being funded by the CIA. And at some point during that process, the CIA decides we're going to hire you.

00:55:26.960 We want you to be in the CIA. So he joins the CIA and he spends the rest of the 1950s basically

00:55:32.940 working in the CIA, helping do these illegal things with student groups. And then after that,

00:55:41.500 he ends up in the State Department where he helped create USAID, which was a huge thing recently in the

00:55:46.720 news, the Trump administration trying to destroy it because of all of the really nefarious things and

00:55:52.720 corruption that it's been involved with. Well, he was a huge part of that project. And while he was

00:55:58.460 working in the State Department, he was involved at all kinds of shady things in South America and

00:56:05.100 Central America, propping up foreign regimes and engaged in regime change in some cases and

00:56:11.700 propaganda efforts and all kinds of things like that. And from there, he suddenly, after doing that

00:56:18.840 for all the 1960s, he ends up in New York and then he's suddenly in running this financial institution.

00:56:25.980 So after spending two decades in intelligence, propaganda, all these things that have nothing

00:56:31.800 to do with banking or Wall Street or anything. And of course, they could have picked anybody to run

00:56:37.300 this project, but they chose this guy of all the guys. And when the more you dive into that and the

00:56:44.060 reasons for why that may have occurred, the more it seems like there were a lot of other

00:56:49.360 things at work and he was chosen because of his CIA connections or maybe because of the stuff he was

00:56:55.300 doing in the State Department. The Rockefeller family is really closely tied to all of this stuff.

00:57:01.340 And it's just this insane, insane, crazy story of how that all played out.

00:57:06.620 So when things are going pretty well economically, which I think a lot of people look at the numbers and

00:57:11.360 they think that right now it is, most people aren't thinking about this kind of stuff because

00:57:16.440 who has time and capacity to think about anything beyond their own bank account.

00:57:22.340 But it sounds to me like you're writing this book because you think that we are getting

00:57:27.280 closer and closer to a boiling point to where this heist could actually happen. Why?

00:57:33.220 Yeah, that's a great point. If everything goes well forever, you're never going to have any problems.

00:57:38.380 The reason that I'm so concerned about it, and by the way, just to make it clear, I'm not making

00:57:44.160 any money from the book. All the money from the book goes to nonprofits who are trying to change

00:57:48.260 laws to fix the problem. So literally, I get nothing out of this other than I think this is a really bad

00:57:53.140 thing that's happening. The reason I'm so concerned about it is because what we have in our system is

00:58:01.740 the reason you see the stock market continuing to go up dramatically while regular people are not

00:58:10.660 enjoying the same kinds of benefits and not becoming as wealthy as those on Wall Street

00:58:16.120 is because our system has been set up to benefit Wall Street firms and big banks at the expense of

00:58:23.400 regular people. And part of that has been this massive amount, trillions and trillions of dollars

00:58:29.040 that have flooded into Wall Street over the past several, well, last decade or two, going all the

00:58:35.080 way back to Obama, but especially since COVID. Huge amounts of money have gone into Wall Street,

00:58:40.260 and that's why stocks keep going up even though the economy isn't getting better for regular people.

00:58:44.860 Part of that is that they're doing a lot of gambling, essentially, on Wall Street,

00:58:48.760 and it's very risky what's happening. And because they're doing so much gambling with something

00:58:54.520 called derivatives, especially, the derivatives market is very, very big.

00:58:59.760 Can you tell us what that is?

00:59:00.780 Yeah, sure. A derivative is, you can think of it like gambling. Essentially, what it is,

00:59:07.460 is it's an investment whose value, its value is derived, that's why they call it derivative,

00:59:13.980 from something else. So it's not the actual thing itself, it's an investment that's derived from some

00:59:19.860 other kind of investment. What's an example? So like, for example, if you have a futures contract,

00:59:28.700 that would be like a contract to buy something at a certain price in the future. The contract itself

00:59:35.020 has value that is related to the thing you're going to buy, but it isn't the thing itself.

00:59:39.720 Right. Okay.

00:59:40.320 So like, a good non-Wall Street example would be like, think of a football game. You have two teams

00:59:47.260 playing each other, but then you have all these people betting on the outcome of the football

00:59:51.440 game. The bets are not the football game. They're bets about the football game. But then you could

00:59:57.280 have people betting on what the bettors are going to do, like which bettors do the best, or you could

01:00:02.300 have which team scores first, or whatever. These are not the actual game. The players are playing

01:00:08.300 the game. These are people making bets on what will happen in the game. That's what's happening

01:00:13.780 on Wall Street. There's tons of that going on. We don't even know how much of it. Some people

01:00:19.800 estimate that there's one quadrillion dollars worth of derivatives. Wow. Which is a number that

01:00:26.620 you basically can't even conceptualize. Yeah, I don't even know. This is beyond trillions.

01:00:30.340 It sounds like a word that I would make up. It does sound like a word that you had to make up.

01:00:33.880 And that's the thing. There's so much of it happening, and it's not really tightly controlled

01:00:39.780 or tracked or anything. We don't even really know how much of it is going on. So if the market starts

01:00:46.140 collapsing, because there's all these people gambling on things that they maybe have overextended

01:00:52.180 themselves or whatever, and you get firms that start to fail, you end up in this horrible situation

01:00:57.320 where Wall Street is just collapsing. And then what do they do to try to bail themselves out?

01:01:03.440 So you're seeing all of this happen, coupled with the government has way overextended itself

01:01:10.800 with its money printing and the amount of debt that it has. In the past, when Wall Street has

01:01:16.000 gotten into trouble, what they've done is they've printed lots of money, and they've bailed Wall Street

01:01:20.140 out. And Wall Street continues to thrive because of it.

01:01:23.220 Is that why you're saying you're arguing that the Federal Reserve is responsible for a lot of this,

01:01:28.200 and you've even argued is responsible for the income inequality that you're talking about? Is

01:01:32.880 that the role that it plays?

01:01:34.380 Yes. I absolutely think income inequality is driven largely by what the Fed has done,

01:01:40.580 by money printing, by government spending. I think it's a huge part of the problem. They print lots of

01:01:44.920 money, trillions of dollars, but they don't give it equally to everybody. When they have done that,

01:01:49.580 they've ended up with inflation problems. So they don't just send everybody a check when they print

01:01:53.900 the money. Most of the money ends up in concentrated areas, especially Wall Street and housing and things

01:02:00.720 like that. So the reason that housing prices have skyrocketed over the past five years is because the

01:02:06.880 financial system is getting a lot of the money that's being created through the Fed and other

01:02:12.200 things.

01:02:13.040 Got it.

01:02:13.240 So the more they've done this, the more they've boxed themselves into a corner. We have a debt

01:02:18.840 crisis, but if they print money, we've had a debt crisis and an inflation crisis. If they print more

01:02:24.740 money, they worry about inflation. So they can't print too much more money and they can't lower

01:02:29.720 interest rates too low. So they got to try to play this. But if they lower, but they raise interest

01:02:34.560 rates too high. Now it costs more money for the government to finance its debt, which the government

01:02:40.080 can't afford to do without printing more money, which causes a debt spiral and it's totally out

01:02:45.520 of control. So when the next big crash happens, there's a real concern. Whenever it is, there's a

01:02:51.480 real concern that the government can't just, uh, the, the Fed and the government can't just come in and

01:02:56.340 say, well, we'll just print trillions of dollars again and just bail everybody out because they will

01:03:02.400 run the risk of causing an inflation crisis again, which means they're all going to get thrown out of

01:03:07.260 office and Joe Biden learned the hard way. Like that's not a good political strategy to do that.

01:03:12.200 So then what do you do to bail people out while you have all these, you have $80 trillion worth

01:03:17.740 of securities investments, just sitting in this institution that they just happened to own.

01:03:22.140 Well, that's really convenient if they really need to tap into it and they may never have to tap into

01:03:26.620 it, but if they do, it's it, they've set themselves up for their, what they called an Armageddon

01:03:32.440 scenario. They will be protected and maybe you will, maybe you won't. That's a problem that

01:03:39.160 they'll, they'll deal with in the future, but at least they know we'll be okay. If the crash happens.

01:03:44.320 Okay. Tell people again, your book, where they can get it.

01:03:47.560 Yeah. The next big crash, you can get it. Now we have an audio book, digital book,

01:03:52.040 paperback, hardcover, amazon.com is the easiest place to get it. So

01:03:55.240 awesome. There you go. Everyone go get his book. You will feel a lot smarter and a lot more in the

01:04:01.120 know afterwards. Thank you so much. Thanks, Ellie.

Ep 1306 ｜ What Is ＂BRICS＂？ You Need To Know About this New World Order ｜ Justin Haskins

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