Ep 1306 ｜ What Is ＂BRICS＂？ You Need To Know About this New World Order ｜ Justin Haskins
Episode Stats
Length
1 hour and 4 minutes
Words per Minute
179.62062
Summary
Justin Haskins breaks down everything that happened in Davos that didn t make the headlines. He talks about the impact of the World Economic Forum, the global reset, and what's going on in the world.
Transcript
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Equal Housing Lender, NMLS number 819382. What really happened at Davos this year? What is
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going on with the World Economic Forum nowadays? Today's guest, Justin Haskins, is going to break
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down everything that's happening that did not make the headlines. This is one of your favorite guests,
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and I think this is going to be one of your favorite conversations. We've got so much on today's
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episode of Relatable. Justin, welcome back. Yeah, it's great to be here. It's been a while.
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It has been a while, but we always have to bring you on after Davos happens to kind of break down,
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all right, what went on and what did we miss? When we talked right before the election,
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we talked about that law in Europe that was going to be passed that would have a huge impact
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on all industries, all companies pretty much, both here and abroad. And Trump kind of stood in the way
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of that law taking effect here in the United States. Do you have an update for us? This is a
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big question, really about the whole global reset that we've been talking about for five years that
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you've been talking about for longer than that. So the law you're referring to is called the
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Corporate Sustainability Due Diligence Directive, the CSDDD. It's basically a global social credit
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score ESG system where the European Union is using their, they're saying, if you want to do any kind
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of business at all in the European Union, you have to everywhere in the world have our ESG scores,
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our social credit scores, adopt our European values. That was the idea behind it.
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And it was a really terrible thing. And if Biden had been president or Kamala Harris,
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that would have continued on. And we would have been in a really bad situation because corporations
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would have been slowly moving toward our pushing our society toward Europe, European values. And most
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people wouldn't really understand why. But the reason why is because if you want to do any kind of
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business at all with Europe, you have to not only do it for yourself, but you have to do it throughout
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your most of your supply chains. All the other businesses you work with also have to adopt these
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European values. So if you're Walmart or some big gigantic corporation and you contract with a farmer
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in Kansas who has nothing to do with Europe at all, you still have to force that farmer to adopt
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European values in order for you, Walmart, to do business in Europe. That's the genius of the model.
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Forces everyone to be like Europe. And what Trump did is when he came in as part of his negotiating,
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his negotiations about trade deals is he just flat out said, like, we're not doing this.
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You're going to have to you're going to have to go back to the drawing board because there's no way
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we're going to adopt this. And if you try to impose it on us, then we're going to impose tariffs on you
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and it's going to be disaster for you. So they panicked and almost immediately after him becoming
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president and saying these things started peeling parts of it back. They delayed it.
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Uh, now they're talking about gutting a lot of it. Um, and it was some of the more liberal people
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in the European union, actually, uh, like the prime minister of France and stuff saying, yeah,
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we're going to have to completely change this. So he had a, a tremendous impact. It's not totally
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gone and they could easily just bring it right back and they haven't repealed it really. They're
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just sort of delaying it and waiting and trying to work with Trump on a deal that he'll accept.
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Um, so it's still a long-term problem, but it is in a much better situation now because of Trump
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and his pushback on it. Um, so that's a really good thing as far as just sort of wokeism within
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corporations and those, the sort of the great reset plan of public private partnerships, pushing
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everybody towards that. Uh, in one sense, it's taken a massive hit, obviously, you know, you've seen
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it, you talk about it all the time. So there's no question about that. On the other hand, when you
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pay attention to what they're saying at Davos, you pay really close attention to it and you don't just
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look at headlines and buzzwords. It's pretty clear that the plan is still the plan. Yeah. They just are
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really careful about how they go about doing it because they're afraid of some Trump backlash from
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it frankly. Well, 2020, obviously they pushed too far. We didn't see the results of that until after
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2020. Obviously the push worked to get Biden in office in November of 2020. But I think once we kind
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of woke up from that stupor of 2020, a lot of us never fell asleep, but a lot of people did. Um, people
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realized, Oh, I don't like that. Like, I don't like the government having that much control over my
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life, how I breathe, how I move. Also these companies like target pushing for the transient
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of kids. Okay. Like we went way past love is love to that. And it was just too much too fast. And it
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made a lot of people turn around to go the exact opposite direction, which is why I was in Southern
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California this June pride month. I walked into two different targets, saw zero rainbows and all
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4th of July stuff. So they do respond, even though these huge companies that are woke, like BlackRock
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have a lot of power there. The consumer still does have power. Obviously Trump got elected. So that
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means we do, we do still have power. But what you're saying is it's not like these people at Davos,
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like the Alex Soros is, and some of these other world leaders are saying, Oh, okay, I'm not progressive
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anymore. And I don't, you do you. They're recalibrating and they're re-strategizing.
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code Allie. We could go so many different directions with WEF, but as we look at kind of the power
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structures in the world that are shaping up and shifting based on what we just talked about, based on Trump
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taking office, things look different than they did even five years ago. We've got a new, new world order
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that seems to be shaping up. Can you tell us about that?
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Yeah, this is so important. Most people don't understand it, but we are living through essentially a cold war
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right now. And, um, it's not being publicized that way or talked about that way, but that is
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basically what's going on. The reason why we've had so much activity with Venezuela and the Trump
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administration going to Venezuela and basically taking Maduro and bringing him back to America,
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uh, there, the Trump administration bombed, um, Nigeria, uh, around Christmas time. Most people didn't
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even know that that was going on. Nigeria is the largest country in Africa. Um, the reason that
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we're seeing potentially a war in Iran, um, the stuff that's been going on in Ukraine and all these
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things are related to each other. And what's happening is the Trump administration is taking
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this approach that we need to build a new, well, basically everyone in the world is now saying we
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need to build new world orders, different ones. The Trump administration's version of that
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is America is the top dog in the world. And we're going to build an alliance of other nations who
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will benefit from that and see the benefit of having that arrangement. But ultimately we're going to set
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the stage, especially in our own hemisphere. Yeah, that's who we are. That's the Trump administration's
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model. Love it. The Biden administration's model, Kamala's model and Europe's model is basically
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America, the progressives in America and the progressives in Canada and in Europe, all team up
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together and impose their will on the rest of the world. And their will is progressivism, you know,
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left-wing values, all of that stuff. Then you have the other parties, which are essentially
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people who support something called a multipolar world. And what that means is we don't want to live
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in a world where America and Europe tell us what to do anymore. We want to do what we want to do.
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Um, those, those powers are mostly China and Russia and, um, Iran was part of all of that
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and others. Okay. So especially in wake of the invasion of Ukraine, the reaction from the Biden
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administration to that was we, we in Europe are going to get together and we're going to destroy
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you, Russia through the financial system. That's how we're going to do it. We're going to put all
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these sanctions on you. We're going to debank you. We're going to take your money and we're,
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do you have all this money in banks all over the world? We're going to keep it. We're not giving
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it back to you. Uh, the international financial system that's involved with trade and all of this,
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we're going to shut it off to you so that you can't have that. And we're basically going to destroy
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your economy through all of these means. This was their reaction to that, whether that's a good
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thing or not. It's a totally separate question, but that's what they wanted to do. So Russia and its
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allies, especially China said, wow, that's really bad because if they'll do it to Russia, in this
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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
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their way of doing things, they're going to destroy us through this financial system. So we need our own
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global financial order. We need to get rid of the dollar, stop using that. We need to create our own
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currency, create our own trade alliances, create our own system for doing international infrastructure
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and international financial arrangements. We have to build all that ourselves. And so they started
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doing that. They created this alliance called BRICS, B-R-I-C-S. It's an acronym that stands for
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Brazil, Russia, India, China, and South Africa. Okay. And then they added a bunch of other countries to
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it. And so that's their version of the new world order. We're going to create our own alliance of
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countries that are built around. What do they all have in common? They all have massive populations,
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massive manufacturing. They have lots of natural resources like oil and gold and rare earth minerals.
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They have processings, global supply chains, and they're saying, we're going to build a new global
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economy around us with us at the center. And we don't have to listen to the West anymore. Europe is dying.
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America is overextended, and they're weak and pathetic. This is all happening under Biden,
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remember. And we are going to go to a totally different model that doesn't listen to them.
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So you have these three competing views going on now. Everything that the Trump administration is
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doing, foreign policy-wise, is completely related to this competition that is existing right now.
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When they make deals with Middle Eastern countries over AI and stuff like that, which the Trump
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administration has done a lot of that, they're trying to build a new coalition with the United
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Arab Emirates and others who are interested in AI development, that's part of building this new
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coalition. When we go to Venezuela, which was becoming essentially a proxy state allied closely
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with the BRICS countries and wanted to be a full member of BRICS and almost got in, that was designed
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to try to take some power away from Russia and China and Iran in our hemisphere. They don't want
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foreign countries in our hemisphere, BRICS nations messing things up here, having influence here.
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Greenland is 100% same thing. We want to make sure that we have the ability to protect ourselves
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against Russia. And Russia has the ability to, you know, through the Arctic, potentially bring
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submarines down and there's all these national security concerns over Greenland. The bombing
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of Nigeria, which happened around Christmas time. Nigeria is an ally of BRICS and they are the largest
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country in Africa. They could become the superpower of Africa in the next several years. They're going
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to have a larger population than the United States, probably by around 2050. And we want to make sure
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that, again, this is all about picking the trade wars with China. The stuff that's going on with
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Ukraine and Russia, it's all tied together. Trump is trying to build a coalition of countries who see
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the world, who are, you know, willing to work with us on a common economic agenda. And for the most part,
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we'll let them do what they want to do in their own part of the world. We're not going to get involved
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in that for the most part, but we have some commonalities, but we're not going to be tied to
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Europe anymore like we were before because they're dying and they try to impose their will on us.
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And that will is a progressive will. And so everything that's happening right now is tied to
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this. The world global dynamic is completely changing. Since World War II, it has basically
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been the same. It's been Europe and America charting the course, leading the world, deciding what
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happens, going around playing cop basically all over the planet. In some cases, having colonies and
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getting rid of colonies and doing regime change. And that's been the world. China and these other
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countries didn't have enough power, economic might to compete with that. Now they're starting to have
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that. And the world is breaking up into these three different alliances. And depending on how this all
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shakes up, the future of the planet is either going to be led by America and its allies and the West
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being the Western Hemisphere, being its own separate source of power, or it's going to be China and Russia
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and other BRICS nations, or it's going to be a Biden administration-like alliance with Europe trying to
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impose progressivism on the rest of the world. Those are our three paths. And Trump, we know where he
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stands, but we don't know how this is all going to shake up.
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Yeah. It really does kind of rise and fall on the United States and who the president is. It's not
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just him as an individual, but all the people that he puts in power, like who he puts in power as the
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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,
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you've got a choice, you've got a choice to make.
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Now, at the WEF, was there anything that you were surprised by at Davos? Things that were said that
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you think people need to know about that maybe didn't make headlines?
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Yeah. So I think the biggest thing that didn't make headlines from Davos, the biggest headliner
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from Davos was really the two competing visions that we just talked about being expressed in one
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case by Trump himself, just attacking Europe and saying, America's going to lead the world and you
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guys are either with us or against us. And then Mark Carney, the prime minister of Canada, who's a big
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Davos guy, big ESG guy, basically saying, no, we need to do it, you know, sort of the old model
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version of go back to what Davos is really all about and international cooperation and blah, blah,
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blah, blah, blah. That was the big headliner. But I think the most important thing that came out of
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Davos is the importance of artificial intelligence in panel after panel after panel. What are the elites
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talking about? What are they most concerned about? It's clearly artificial intelligence. What they want
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to do is make sure that AI is designed with their values so that when the, as the world continues to
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adopt artificial intelligence over a long period of time and AI becomes more influential and powerful
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in our world, it's with a Davos, you know, core, a Davos infrastructure. That's the focus very,
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very clearly. And if you chart the focus on AI, Davos has been talking about AI for a long time,
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but if you talk about the focus of AI at the conference itself, the number of panels, number
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of people talking about it over a period of time compared to other things, what we're seeing is
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climate change, ESG, all of that kind of stuff has been trending downwards and emerging technologies
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like AI have been trending rapidly upwards. And that seems to be the focus for a lot of these people
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now. Are you concerned about the focus on AI or do you think it's just a reaction to how powerful
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we're seeing it's going to be? Oh, I'm terrified of it. Yeah. We talked about what's that word that we
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talked about last time that when AI becomes so powerful, it basically becomes as smart as the
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human brain and we kind of merge together. Yeah. So there's artificial intelligence we have now,
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then you have artificial general intelligence is the next stage of development where AI becomes
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basically as smart as a human being so that it can do a lot because AI is already better at human
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than humans at a lot of things, but they're narrow. So we usually call it artificial narrow intelligence
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can be really good at like, uh, doing math for example, but not very good at doing math and,
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you know, taking your kids to school and 50 other things, painting a picture. It can't do all of it
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really well. You have to have different systems specialized. General intelligence means it's
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basically as good as humans at pretty much everything. And then once you hit that level,
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very shortly after that, most AI experts believe you get artificial super intelligence ASI where now it
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is far more powerful than people. And at that point, it's so powerful, we can't really control it or
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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
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beings? And how do we make sure that AI is sustainable and that it's essentially woke, you know,
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is what they're going for. Um, that's a huge focus of, of theirs. And it has been for a long time.
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It's just now becoming significantly more important because of how rapidly AI is being deployed and
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adopted. I feel myself aging as technology becomes more and more as it changes more and more. Like I just
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don't like people outsourcing their brains to chat GPT. I think it has its uses. And like,
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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
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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
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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
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that. Because really, if we're all just animals, that's all we are basically is how the postmodern
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world works. People are just animals. The only difference between us and other animals is that
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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?
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Why shouldn't we hand that over? I don't think that there is a good answer from a postmodern
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perspective, honestly. True. And we are going to get to a world very soon. There's already been
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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
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
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
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?
00:28:27.820
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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
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
00:32:57.440
cabal, they would choose the progressive cabal just because it makes America weaker. And America being
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.
00:33:50.320
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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
00:39:54.120
positive about Trump and basically said it sucked under Biden. This was a horrible situation.
00:39:59.100
There was stupid regulations all the time. And this is an exact direct quote, but this is essentially
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
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00:52:17.140
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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.
00:59:00.780
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.
00:59:40.320
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
01:01:34.380
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
01:02:13.240
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.