Stay Free - Russel Brand - March 16, 2023


HERE WE GO | Trump For World Peace?! - #092 - Stay Free With Russell Brand


Episode Stats

Length

59 minutes

Words per Minute

186.29382

Word Count

11,159

Sentence Count

710

Misogynist Sentences

9

Hate Speech Sentences

9


Summary

In this episode of Stay Free With Russell Brand, Russell talks about the dangers of warmongering, and why we should all turn to Donald Trump if we want world peace. Plus, we meet Sean Hannity and discuss the financial crisis of 2008 and why the rich should pay their fair share of the bill. And, of course, there's still time to catch up with Kim Iverson, who's going to be on the show later this week. Stay Free with Russell Brand is out now, and you can catch it exclusively on Rumble, where you get 20% off your first month with discount code: FREE20 for a limited time only. To find out more about your ad choices, go to gimlet.fm/StayFree and use the promo code: "ELISSA" at checkout to get 10% off the first month of your FIRST MONTH OFF your FIRST SUBSCRIBE HERE. You'll also get access to all of the show's VIP packages including stand-up comedy tickets, including standup tickets, tickets to our upcoming live show on January 6th and 7th, and all-expenses paid for by you! Stay Free! - The Stay Free Team - Logo by Courtney DeKorte. Theme by Mavus White. Music by PSOVOD and tyops. We are working on transcribing this episode and putting it on SoundCloud. If you like what you hear, please leave us a review on Apple Podcasts and we'll be sure to include it in the next episode. Thank you in the comments section! . Thank you, forever grateful! - Matt & Gareth. - Matt, Matt, Matt, Jeffree Star, Jake, Love Birds, - and the Stay Free Crew Thanks, Matt and Gareth, , Ben, Cheers, . . - Ben, Ben, Jack, & KEVIN, Thank You, Gav, Rachael, and Kavell, R.J. - - R.B. , R. B. & Ben, B. & K. & Gorms, Sarah, Chris, ( ) , Ben, Sarah, J.A. ( ) - Ben & B. (featuring: & J.J., (A.B., ) &


Transcript

00:00:00.000 I'm going to go ahead and mute.
00:01:00.000 Brought to you by Pfizer.
00:01:05.000 Brought to you by Pfizer.
00:01:10.000 In this video, you're going to see the future.
00:01:23.000 Hello there, you Awakening Wonders.
00:01:25.000 Thanks for joining me for Stay Free with Russell Brand.
00:01:27.000 If you haven't been told today that you're loved, let me do it now.
00:01:31.000 We love you.
00:01:32.000 I love you.
00:01:32.000 Gareth loves you.
00:01:33.000 The whole Stay Free team loves you and believes in your freedom and your right to be you.
00:01:39.000 That may not be true of the mainstream, but by Jove, it's true of us.
00:01:43.000 Wherever you're watching this, the whole show is only available exclusively on Rumble.
00:01:47.000 We'll be with you on YouTube for about 20 minutes.
00:01:49.000 But then that hankering for free speech.
00:01:52.000 Oh, the sweet rain of freedom will be upon us.
00:01:54.000 Oh, I love it, don't you?
00:01:56.000 I can almost taste it.
00:01:57.000 Taste the freedom coming down your neck hole.
00:01:59.000 Hey, you can watch my stand-up special available on Rumble for a limited time for $20.
00:02:03.000 Have a look at what it looks like when it's not moving about.
00:02:06.000 We'll show you a little clip of that later.
00:02:08.000 But it's time now to get on with the news, surely, isn't it?
00:02:12.000 There's been a drone.
00:02:13.000 There's been a drone knocked over near Russia.
00:02:17.000 How can we make this situation worse?
00:02:19.000 Well, I suppose by consulting various warmongers.
00:02:22.000 Those of you that are American, you'll know what Lindsey Graham's all about.
00:02:26.000 In spite of having the glassy eyes of our Lord Christ, he seems to crave nothing more than sweet Lady War. Let's have a listen to him advocating for a
00:02:38.000 little bit more of the old chaos. Later, hey, you've got to stay with us, we've got Kim Iverson, she's
00:02:43.000 going to be on the show later, and once we click over to being exclusively on Rumble,
00:02:46.000 we'll be telling you all sorts of crazy, wacky stuff about January the 6th. I mean,
00:02:51.000 significantly and importantly, what led to that particular event, and are the media exploiting
00:02:57.000 it?
00:02:58.000 Also, one of the main things we're asking today is, is the world in so much trouble that we're going to have to turn to Donald Trump if we want world peace?
00:03:06.000 Let me know in the chat and the comments what you think.
00:03:08.000 Also, we'll be talking about that financial crisis and how it is actually connected to 2008 and how actually bloody world taxpayers will be made to pay for it, if indirectly.
00:03:18.000 But first, let's look at Lindsey Graham with his sweet, beautiful blue peepers advocating for an escalation in a global conflict because a drone had its feeling hurt.
00:03:29.000 Drone ain't got nobody inside it!
00:03:30.000 Let's have a look.
00:03:32.000 They shot down our drone.
00:03:34.000 What should our answer be?
00:03:37.000 We met Sean Hannity.
00:03:39.000 We went on Fox the other day.
00:03:40.000 We were on Tucker Carlson, Greg Gutfield, some of the world's sweetest, most adorable people.
00:03:40.000 Do you remember?
00:03:45.000 Met Sean Hannity in a corridor.
00:03:48.000 So mental, wasn't it?
00:03:50.000 He was like that and he's quite a big geezer, isn't he?
00:03:52.000 And I was like, hey!
00:03:53.000 And then there was a conversation.
00:03:54.000 How far away did you spot him from?
00:03:56.000 Quite far.
00:03:57.000 Like, you know, so I had time to organize myself.
00:03:59.000 I feel like time slowed down.
00:04:01.000 Like, oh, that's Sean Hannity.
00:04:02.000 And I remember some of the things we've said about him.
00:04:04.000 Like, oh, he's like a sort of Ken Dole's dad and things like that, you know.
00:04:09.000 But like, actually, again, he was really nice.
00:04:11.000 We had a conversation and we got into the areas where we disagree.
00:04:14.000 Like, let me know in the chat if you think I should go with Sean Hannity,
00:04:16.000 because having spoken to Cornel West, who's our guest on the show tomorrow,
00:04:20.000 I increasingly believe in the necessity of these conversations with people that you don't agree
00:04:25.000 with.
00:04:25.000 We have to find the love in one another.
00:04:27.000 We have to find a new solidarity.
00:04:30.000 Otherwise, we're just gonna be, we've been divided and conquered.
00:04:33.000 That's basically it.
00:04:33.000 And guess who came up with that?
00:04:34.000 It was the British, the old divide and conquer.
00:04:36.000 I loved what he was saying about his father and how he'd like, he was, you know,
00:04:40.000 a working man and all this kind of stuff.
00:04:41.000 It was really sweet.
00:04:43.000 I know, because I was about to, when I see Sean Hannity out there, I sort of got geared up to start.
00:04:46.000 And I thought, oh no, I remember, that's that man from the corridor.
00:04:48.000 He's nice.
00:04:49.000 Yeah.
00:04:50.000 I'm getting emails and texts off all of these folks now.
00:04:53.000 So it's like, you know, you've got to love people.
00:04:55.000 That don't mean to say you have to agree with people's opinions.
00:04:58.000 There are loads of subjects where we're not, or any of us, if we got into it, we're not going to agree with one another.
00:05:04.000 But I tell you what, I'm starting to believe that the neo-liberal establishment don't care about the things they claim to, right down to stuff like social justice issues, environmental issues.
00:05:14.000 I think it's all skullduggery, I really do.
00:05:17.000 But listen, look at Sean Hannity, son of Irish folks who's worked hard to get where he is today, talking to this dude, Lindsey Graham, the glassy-eyed advocate for murder.
00:05:29.000 Check it.
00:05:31.000 Well, we should hold him accountable and say that if you ever get near another U.S.
00:05:36.000 set flying in international waters, your airplane would be shot down.
00:05:39.000 What would Ronald Reagan do right now?
00:05:43.000 Ronald Reagan, actually, have a look.
00:05:45.000 Ronald Reagan was the person that negotiated peace With Gorbachev, do you remember that?
00:05:50.000 Like, let's check out this bit.
00:05:52.000 What's important is a couple of years later a treaty agreed upon between Gorbachev and Reagan and it was ultimately instantiated by US Secretary of State James Baker.
00:06:01.000 Neither the President nor I, that was under Bush by that time, neither the President nor I intend to extract any unilateral advantages from the processes that are taking place, not only for the Soviet Union but for other European countries as well.
00:06:12.000 Because it's important to have guarantees that if the United States keeps its presence in Germany within the framework of NATO, not an inch of NATO's present military jurisdiction will spread in an eastern direction.
00:06:24.000 How did that go, guys?
00:06:26.000 How's it been going with that old infringement?
00:06:29.000 Many's the inch, because even this drone was above the Black Sea.
00:06:32.000 And the Black Sea, if you have a little look at a map or a globe, it decks the Russia.
00:06:36.000 So whilst no-one's saying, oh, it's good that they booted that little devil out of the sky, I think it's a little sanctimonious to act like that drone's like some sort of Thomas the Tank Engine of the air that deserves naught but respect.
00:06:51.000 Calling upon the name of Ronald Reagan because I guess that our man Lindsey Graham saying that he was a sort of a gung-ho militaristic president and geez maybe he was.
00:07:00.000 The reality is that he sought a treaty between the Soviet Union as it then was and America.
00:07:06.000 Why?
00:07:07.000 Because it's for the good of all humanity to not have ongoing and particularly military conflict between those two nations even if it's a proxy war.
00:07:16.000 Also, though, if Reagan were alive now, I think what he would actually be saying is, can you please let me out of this coffin?
00:07:21.000 Because he'd be feeling trapped, I think, about this time, wouldn't he, Gal?
00:07:25.000 He certainly would.
00:07:26.000 Can't be easy to be in that little box.
00:07:28.000 God bless his eternal soul.
00:07:31.000 American foreign policies and freefall, I can't add much to what you've said.
00:07:35.000 All I can tell you is that on multiple fronts, we're in a dangerous situation.
00:07:41.000 Weakness breeds provocation.
00:07:43.000 That's not a catchphrase, is it?
00:07:45.000 Weakness breeds provocation.
00:07:46.000 That's turning peace into potential war.
00:07:49.000 That's advocating for escalation.
00:07:52.000 And this is what's happening all over the military.
00:07:55.000 Have a look at this bit of footage on Fox News talking about the drone encounter.
00:08:00.000 We told you yesterday how we're seeing, like, words like harassment being used, and reckless rapid fire, all of that, like, escalating the tension.
00:08:08.000 Have a look at this, and then we'll tell you a fact or two about this, uh, Senator Joni Ernst, and we're- Right now, we are getting our first look at new- Whoa, what's that all about?
00:08:19.000 That was- is that- that's a different clip, was it, that started playing?
00:08:21.000 I think that might have been this one.
00:08:23.000 Let's have a look, it wasn't, the counter wasn't going down.
00:08:25.000 Video showing the moment a Russian jet dumps...
00:08:28.000 It's different on our monitor, we got, like the counter's not going down guys, so have a look at what's on our
00:08:33.000 monitor.
00:08:34.000 Fuel and collides with the US drone over the Black Sea. You can see it right there.
00:08:38.000 We're playing a different thing guys.
00:08:40.000 Can we play the clip that's on the monitor?
00:08:41.000 Get yourselves together in there.
00:08:43.000 Hey, it's human beings back there in the gallery and they're struggling to keep up with the sheer pace of news that we're conveying.
00:08:50.000 It's interesting what's going on in the Republican Party at the moment, isn't it?
00:08:53.000 with this, I guess, war, generally speaking, we kind of know that they're part,
00:08:59.000 a portion of them are calling for Biden to up the already record and massive budget,
00:09:04.000 military and Pentagon budget, but then you've got certain elements of it,
00:09:08.000 DeSantis being one of them that are saying, we need to, you know, calling for peace
00:09:12.000 and calling to deescalate things and calling for less money being spent on the military.
00:09:17.000 So they're gonna have to work that out.
00:09:20.000 What's the narrative gonna be, I guess, by next year's election?
00:09:23.000 That's gonna be interesting.
00:09:23.000 Again, I suppose, because of the terminology, taxonomization and nature of power is changing,
00:09:31.000 it's more helpful than using the terms left and right, Democrat, Republican,
00:09:37.000 to hold in mind the idea of central authority and peripheral voices.
00:09:42.000 And if you use that terminology, you can start to see where the discourse is heading and why there's a need for new alliances.
00:09:51.000 Let's have a look at how, though, Fox News reported on this story and Joni Erst.
00:09:57.000 Let's think about why this person will be consulted on this issue.
00:10:01.000 Check it.
00:10:03.000 It's not playing on our monitor.
00:10:07.000 So I said, well, what should we do, Gal?
00:10:09.000 I guess we'll move on from that clip.
00:10:11.000 Yeah, maybe that clip don't work on here.
00:10:13.000 Yeah, maybe not.
00:10:13.000 Do you think this is since we had James O'Keefe?
00:10:15.000 If you're watching us on YouTube, we're going to only be available on YouTube for a few more minutes.
00:10:20.000 Then we'll be exclusively available on Rumble, where we'll be talking to Kim Iverson, where we'll be reporting.
00:10:26.000 On January the 6th and where we'll be showing you a deep dive presentation on the financial crisis.
00:10:32.000 Let's have a look now at this story.
00:10:35.000 Our first look at new video showing the moment a Russian jet dumps fuel and collides with the US drone over the Black Sea.
00:10:43.000 You can see it right there.
00:10:44.000 You can see the fuel trail being dumped by the Russian jet.
00:10:49.000 You can see it impacting our drone propellers starting to slow.
00:10:54.000 Our drone.
00:10:55.000 That's our drone!
00:10:56.000 That's my favourite drone!
00:10:58.000 That drone only had one more day till it retires.
00:11:01.000 Oh, they're a bit on the drone.
00:11:04.000 And then pretty in short order, I'm being told that we will go to colour bars showing that the drone itself has been incapacitated.
00:11:11.000 We're just watching this all together for the first time.
00:11:14.000 What's your reaction?
00:11:15.000 It's not Christmas.
00:11:16.000 Why make it out that it's like some sort of joyful, familial event that's taking place here?
00:11:22.000 When you see that.
00:11:24.000 Right, correct.
00:11:25.000 And this was over in international airspace.
00:11:28.000 And so the Russians have gotten very aggressive.
00:11:32.000 And you know what?
00:11:33.000 We need to really take very firm action in this.
00:11:37.000 We need to make sure that we're continuing.
00:11:40.000 So what they're doing is advocating for an escalation.
00:11:43.000 Firm action means war.
00:11:46.000 It means spend more money.
00:11:48.000 And Joni Ernst, let's have a little look at her previous She's got.
00:11:52.000 I'll tell you what I'm going to do.
00:11:53.000 We're going to come off of YouTube now, and what we're going to do is we're going to show you our presentation on the financial crisis.
00:12:00.000 Let's have a look at that in our item.
00:12:03.000 Here's the news.
00:12:03.000 No, here's the effing news.
00:12:04.000 YouTube, if you're watching us on YouTube, click over to watch us on Rumble, where we can do this freely, and then we'll use this opportunity to sort out whatever technical problems we're having.
00:12:12.000 But now, let's have a deeper look at the Silicon Valley bank collapse.
00:12:16.000 Let's have a look at whether or not taxpayers will really end up paying for it.
00:12:21.000 We'll do the stuff about the global conflict at the back end of this and ask how we found ourselves in the bizarre situation where the best attempt at peace the world might be left with is in the, some say tiny, but others say normal, sized hands of Donald Trump.
00:12:36.000 Here's the news.
00:12:36.000 No, here's the effing news.
00:12:37.000 Thank you for choosing Fox News.
00:12:39.000 Good news.
00:12:40.000 No, here's the fucking news.
00:12:43.000 Oh no!
00:12:45.000 There's a financial crisis.
00:12:47.000 Hopefully it won't have been caused by deregulation.
00:12:49.000 Hopefully you won't ultimately end up bailing them out even if it's tangentially.
00:12:54.000 And hopefully some of the same people that were involved in the 2008 financial crisis won't be involved in this one.
00:13:02.000 If there was a massive bank crash in 2008 that was caused by impropriety, deregulation, prioritizing financial interests above the interests of ordinary people that literally had some of the same protagonists involved, I'm not suggesting they're major players, but certainly people that worked at Lehman Brothers and Deutsche Bank now work at Silicon Valley Bank.
00:13:21.000 I mean that's enough of a connection.
00:13:23.000 Deregulation somewhat led to this situation and it's It's even possible that people will continue to profit in spite of the fact that, on the surface, loads of money has gone missing or disappeared.
00:13:35.000 Let's get into this story in detail and see what it can teach us about the way that Washington and Wall Street interact, the symbiosis and revolving door between those two institutions and how, ultimately, even if Joe Biden literally goes on the TV and says taxpayers won't pay for it, if you change the word taxpayer to the word you, that might not be true.
00:13:53.000 Here's a mainstream media news take.
00:13:55.000 MSNBC, you know how those guys love me.
00:13:57.000 Hopefully, they won't make this a partisan issue.
00:13:59.000 They'll accept that there are a lot of institutional problems that need to be resolved that neither party are addressing.
00:14:05.000 They won't simply say, this is the fault of one of the parties, you know, the one we don't like.
00:14:09.000 Five years ago, when Republicans were last in control of the House of Representatives, they used the opportunity to roll back banking regulations put into place after the 2008 financial crisis.
00:14:20.000 Do you see that what they're essentially saying is, this is Trump's fault.
00:14:23.000 Here's Trump surrounded by people.
00:14:24.000 Now, of course, Trump's actions do contribute to this current crisis.
00:14:29.000 But is that the entire story?
00:14:30.000 No, because already what he's not told you is in 2008, Barack Obama bailed out the banks after that financial crisis, meaning that the people that literally caused that problem were given the opportunity to participate in the resolution of that problem, as well as being exculpated from the blame that they ought rightly have shared in. No one went to
00:14:49.000 prison, no one was penalised properly, whereas across America and across the world, ordinary
00:14:54.000 people lost their homes, lost their jobs. Measurable, meaningful consequences. Were there
00:14:59.000 measurable, meaningful consequences for the people that caused it? Let me know in the chat, let me
00:15:03.000 know in the comments. Just in case you don't know everything about the complex and
00:15:06.000 deliberately obtuse world of global finance, here are some facts. On Friday, California regulators shut
00:15:13.000 down the Silicon Valley Bank, SVB, a top lender to venture capital firms and tech
00:15:18.000 startups, and the Federal Deposit Insurance Corporation took it over following a bank run by
00:15:23.000 its customers.
00:15:24.000 I think that means a load of people took out their money at once.
00:15:26.000 On Sunday, regulators closed New York-based Signature Bank.
00:15:30.000 During the pandemic, start-ups and technology companies enjoyed heady profits, some of which they deposited in the Silicon Valley Bank.
00:15:37.000 Flush with their cash, the bank did what banks do, it kept a fraction on hand and invested the rest, putting a large share into long-dated treasury bonds that promised good returns when interest rates were low.
00:15:48.000 So far, so good.
00:15:49.000 As long as them interest rates remain low, nothing to worry about.
00:15:52.000 We'll be rich!
00:15:53.000 Rich, I tells ya!
00:15:55.000 But then, starting a little more than a year ago, the Fed raised interest rates from near zero to over 4.5%.
00:16:00.000 Oh no!
00:16:02.000 As a result, two things happened.
00:16:04.000 The value of the Silicon Valley Bank's holdings of treasury bonds plummeted because newer bonds paid more interest.
00:16:09.000 And as interest rates rose, the gusher of venture capital funding to start-up and tech companies slowed because venture funds had to pay more to borrow money.
00:16:18.000 As a result, these start-up and tech companies had to withdraw more of their money from the bank to meet their payroll and other expenses.
00:16:25.000 But the bank didn't have enough money on hand.
00:16:28.000 Yesterday we also spoke to Ryan Grim, who talked about a text message chain where people that were invested in SVB, or at least had their money in SVB, communicated about drawing that money out prior to drawing it out.
00:16:40.000 He believes that that should be investigated, that that's significant information.
00:16:43.000 Why didn't they just draw out their money individually?
00:16:45.000 Why did they do it collectively?
00:16:46.000 Obviously any responsible reporting on this issue has to include the most recent and significant financial crash, the events of 2008, the political and financial ramifications of which are still being felt right now.
00:16:58.000 Many people argue that Donald Trump is a consequence of Obama's significant decision to Bail out the banks in 2008.
00:17:04.000 The way in our country Tony Blair will ever be tethered to his decision to invade Iraq along with George W Bush, your then president.
00:17:11.000 The fact that Obama didn't say, no, I was voted in on a mandate of change and hope and supporting and standing up for ordinary people from across the political and social spectrum.
00:17:21.000 No way, man, I'm not doing it.
00:17:22.000 Instead, what did he do?
00:17:24.000 He did what you would imagine he'd do.
00:17:25.000 He bailed out the donors and the banks.
00:17:27.000 Then they let people Set up new regulations and new rules that are involved in a crisis, the whole thing's exactly what you think.
00:17:33.000 And one of the things that worries me when I learn about politics, and you let me know if you feel the same way, is the things that you often intuit, like, hold on a minute, do they just, like, bail out their donors and stuff?
00:17:43.000 You're right.
00:17:44.000 Obama endorsed the Wall Street bailout and appointed a team of Clinton-era economic advisors, led by Tim Geithner, who became Obama's Treasury Secretary, and Lawrence Summers, who became Director of the National Economic Council.
00:17:56.000 These were the same people who, in the 90s, had prepared the way for the financial crisis by deregulating Wall Street.
00:18:02.000 So in the 90s, under Clinton, they deregulated Wall Street, they were lobbied, presumably, and they went, oh yeah, alright, we'll let you trade in ways and bundle stuff together and make irresponsible bets and communicate in weird ways.
00:18:13.000 Then the people that made those decisions were present in the Obama administration, so they're not gonna go, oh no, you know those ideas that we had then?
00:18:19.000 They were bad ideas, why don't we put the people responsible for that in prison?
00:18:24.000 Oh no, it's me.
00:18:25.000 The Obama administration rescued Wall Street, but at enormous cost to taxpayers and the economy.
00:18:30.000 Estimates of the true cost of the bailout vary from half a trillion dollars to several trillion.
00:18:36.000 I can't conceptualize either of those numbers, can you?
00:18:38.000 They're just abstract at that phase, but I'll tell you what's not abstract.
00:18:41.000 Not having a house.
00:18:42.000 The Federal Reserve also provided huge subsidies to the big banks in the form of virtually free loans.
00:18:48.000 But homeowners whose homes were suddenly worth less than the mortgages they owed on them were left hanging in the wind.
00:18:53.000 Many lost their homes.
00:18:54.000 Obama thereby shifted the cost of the banker's speculative binge onto ordinary Americans, deepening mistrust of a political system increasingly seen as rigged in favour of the rich and powerful.
00:19:04.000 Now in a minute we'll watch Joe Biden's speech and he says things like, you know, capitalism's about risk.
00:19:09.000 If you risk money and you lose money, that's on you, but it ain't on you.
00:19:13.000 And he was obviously vice president when that happened.
00:19:16.000 So what kind of credibility has he got when it comes to talking about financial crisis?
00:19:21.000 None.
00:19:21.000 What we see more and more in these investigations that we undertake here at Stay Free Media is that the system is rigged in order to support institutional financial and military industrial complex power and the skill of the political class and media class is managing that information so it seems like it's either the right thing to do or there's no option but to do it or the other people would have done it worse and indeed have done it worse in the past.
00:19:43.000 So we just feel trapped in a situation where there's just no options but the fact is there are options.
00:19:49.000 Democracy is an option.
00:19:51.000 Independent journalism is an option.
00:19:53.000 Independent thought is an option.
00:19:54.000 Your freedom is an option.
00:19:56.000 But to understand this story a little more deeply and with a little more clarity, we have to look at events in 2015 as well.
00:20:02.000 Eight years before the second largest bank failure in American history occurred, SVB's president personally pressed Congress to reduce scrutiny of his financial institution.
00:20:12.000 So eight years ago, the president of SVB, Greg Becker, Personally himself lobbied for deregulation.
00:20:18.000 Do you know what would make things a lot easier?
00:20:20.000 Deregulation.
00:20:20.000 Go on.
00:20:21.000 What, do you mean let you do more stuff that you want to do without stopping you from doing it in case it causes a financial crash of some kind?
00:20:28.000 Yeah, yeah, that's right.
00:20:28.000 Deregulators.
00:20:29.000 Let us do what we want to do.
00:20:31.000 I see banking as being like jazz.
00:20:34.000 I like my banking to be free flow.
00:20:36.000 Okay, we'll deregulate you, but there won't be some sort of crisis, will there?
00:20:39.000 I'm promising you, I give you my word, as a banker, there won't be.
00:20:44.000 In 2015, SVB President Greg Becker submitted a statement to a Senate panel pushing legislators to exempt more banks, including his own.
00:20:53.000 Other banks.
00:20:53.000 Obviously.
00:20:54.000 Not mine.
00:20:55.000 I'll do it the hard way.
00:20:56.000 But these other guys.
00:20:58.000 Give them a shot.
00:21:01.000 So there was a massive crisis.
00:21:03.000 Regulations were introduced.
00:21:05.000 We cannot let that happen again.
00:21:06.000 We've got to stop it.
00:21:07.000 They just wait a little bit of time.
00:21:08.000 Right.
00:21:09.000 A bit of time has passed now.
00:21:10.000 Can you take those regulations off?
00:21:11.000 it's making it impossible for me to make money in unethical and currently illegal ways.
00:21:17.000 Two months later, SVB added former Obama Treasury Department official Mary Miller to its board.
00:21:23.000 So they do a bit of lobbying.
00:21:24.000 They appoint a former Obama administration member.
00:21:28.000 And what do you know?
00:21:29.000 They suddenly get their way.
00:21:31.000 But don't think there's a revolving door between Washington and Wall Street.
00:21:34.000 Don't think that no matter who you vote for, you're going to get the same sort of results.
00:21:38.000 Don't think that there's no one in Washington standing up for your rights.
00:21:42.000 And even the peripheral figures that do care about your rights, voices in the wilderness that won't have any meaningful impact because institutional power is locked into a set of interests that can't be moved by democracy.
00:21:54.000 They've rigged the game.
00:21:55.000 You know that already.
00:21:55.000 Around that time, federal disclosure records show the bank was lobbying lawmakers on financial regulatory reform and the Systemic Risk Designation Improvement Act of 2015, a bill that was the precursor to legislation ultimately signed by President Donald Trump.
00:22:10.000 The bill was supported in the Senate by 50 Republicans and 17 Democrats, including Virginia Senator Mark Warner, Democrat, for whom Becker held a fundraiser, That is Menlo Park, California home in 2016.
00:22:24.000 It's exactly what you think it is, isn't it?
00:22:26.000 They hold fundraisers.
00:22:28.000 If I hold a fundraiser for you, will you deregulate the banking industry so I can make money?
00:22:33.000 The answer is yes.
00:22:34.000 Yes, I will.
00:22:35.000 Before I go, does that not make you feel compromised?
00:22:35.000 Oh!
00:22:38.000 You know, that you're not representing the interests of the people that you were elected by to protect them, particularly in the wake of the 2008 crash?
00:22:46.000 Sorry, I stopped listening after we agreed on the fundraiser.
00:22:49.000 Three years later, after the bank spent more than half a million dollars on federal lobbying, lawmakers obliged.
00:22:54.000 That's the phases it took.
00:22:55.000 A bit of lobbying, employer is someone, old a couple of fundraisers, a bit more lobbying, crack on and earn your money.
00:23:01.000 Progressive critics have been quick to blame a deregulatory measure approved five years ago by the then Republican-controlled Congress for engendering two of the three largest bank failures in US history.
00:23:11.000 Yeah, because then what you could do is you can have your cake and eat it.
00:23:14.000 You can still feel like you're on the right side of history and everything and not do anything to change anything.
00:23:19.000 That's what happens again and again and again.
00:23:20.000 In fact, I increasingly believe that is the liberal position.
00:23:23.000 Well, the only things are available are these bastards or us bastards.
00:23:27.000 And us bastards at least pretend to care about people that are slightly different from us.
00:23:30.000 The GOP, however, wasn't alone in supporting Senator Mike Crapo's Republican Idaho Economic Growth Regulatory Relief and Consumer Protection Act.
00:23:39.000 Even then, it wasn't just Republicans.
00:23:41.000 Barney Frank, architect of the Dodd-Frank banking regulations implemented in the aftermath of the 2008 financial crisis, played a key role in whitewashing the bipartisan effort to weaken those rules in 2018 after he had received more than a million dollars while serving on Signature's board following his departure from Congress.
00:23:59.000 Just take a moment to absorb that.
00:24:01.000 One of the people that came up with the regulations to prevent another crash like 2008 ever happening again, this dude, Barney Frank, got a job on the board of Signature and took a million dollars and participated in weakening the regulation that he himself came up with.
00:24:17.000 He must have known what that regulation was supposed to be doing it.
00:24:20.000 How are we ever going to stop another financial crash of this nature?
00:24:23.000 Well, I've come up with some regulations.
00:24:25.000 If we carry the one across there, there it should work.
00:24:28.000 Okay, thank you, Barney.
00:24:29.000 Great work there.
00:24:30.000 Cutly ears, cutly ears, cutly ears.
00:24:31.000 Would you mind removing some of those regulations?
00:24:34.000 It's making it difficult for some of the guys to make money.
00:24:36.000 Oh, yeah.
00:24:37.000 I mean, would there be any problems?
00:24:38.000 I can't think of any problems off the top of my head.
00:24:40.000 I think I was feeling a bit regulatory that day.
00:24:43.000 I was regulating everything.
00:24:44.000 I regulated the cat, regulated the dog.
00:24:46.000 I regulated my shoes so tight that one of my toes fell off.
00:24:49.000 We gotta loosen things up.
00:24:50.000 I'm gonna need a little space, a little room, in particular, to store some of this cash that I've recently acquired that it's none of your business where I got that, as a matter of fact.
00:24:58.000 Does anyone need anything deregulated?
00:25:00.000 Roll up!
00:25:01.000 Roll up!
00:25:02.000 Anything dereg... Oh, you regulated this a couple of years ago?
00:25:04.000 Yeah, you can deregulate that at the right price.
00:25:07.000 Essentially, Frank downplayed the risks of deregulation while being paid by a bank that stood to gain from it.
00:25:13.000 I don't think there's any problem deregulating.
00:25:15.000 Thank you for my money.
00:25:16.000 With just a few moments of scrutiny, it becomes perfectly clear that whilst you can say that the measures passed by Trump contributed to this problem, it was already a bipartisan bill, therefore culpability must be shared by both parties.
00:25:28.000 It also relates to early events, specifically the events in 2008.
00:25:31.000 Also, a Democrat, Barney Frank, created that regulation, then lobbied for the deregulation while working at one of those banks that gave him money.
00:25:39.000 So you can't have a partisan position on this.
00:25:42.000 Remember, we're not saying that the Republicans and Donald Trump aren't to blame.
00:25:45.000 They are, but also the Democrats are to blame as well.
00:25:48.000 For example, they've learned that people don't like bailing out banks, so they'll be very careful to say, we won't be bailing out the banks using taxpayer money, we've got this special miracle fund that only comes from bankers.
00:25:59.000 Okay, do you think if we spend a moment pondering that, do you think the banks might look to somehow rescind those losses or mitigate those losses elsewhere?
00:26:08.000 Who do you think the banks will all look to get the money from?
00:26:10.000 General Zod?
00:26:11.000 Thanos?
00:26:12.000 Baddies from the outreaches of space?
00:26:14.000 What do you think it might be?
00:26:15.000 Today, thanks to the quick action of my administration over the past few days, Americans can have confidence that the banking system is safe.
00:26:15.000 You!
00:26:24.000 Don't have confidence, unless you are the mark in a confidence trick, which of course, we all are.
00:26:28.000 No losses will be borne by the taxpayers.
00:26:31.000 Instead, the money will come from the fees that banks pay into the deposit insurance fund.
00:26:37.000 Investors in the banks will not be protected.
00:26:40.000 They knowingly took a risk, and when the risk didn't pay off, investors lose their money.
00:26:46.000 That's how capitalism works.
00:26:47.000 That's why there's not people involved in Lehman Brothers and Deutsche Bank working at these banks.
00:26:53.000 Like, Joseph Gentile can't really have worked at Lehman Brothers and also SVP.
00:26:58.000 And Kim Olsen can't really have worked at Deutsche Bank and Signature.
00:27:01.000 Otherwise, what Joe Biden's saying there would be a mad lie.
00:27:05.000 During the Obama-Biden administration, we put in place tough requirements on banks How did that work out?
00:27:14.000 the Dodd-Frank law. Dodd-Frank law, that's that guy, Frank, who lobbied to change the
00:27:18.000 law so that a bank he worked for and who gave him a million dollars could benefit. To make
00:27:22.000 sure that the crisis we saw in 2008 would not happen again.
00:27:27.000 Unfortunately, it did happen The last administration rolled back some of these requirements.
00:27:33.000 Oh that last administration where people held fundraisers.
00:27:36.000 Oh that last administration that was voted for by both parties.
00:27:40.000 Oh that last administration that was a direct result of the failures of 2008.
00:27:44.000 Joe Biden and elected and appointed officials all insist the emergency interventions to protect deposits in Silicon Valley Bank and Signature Bank Or indeed any further bank failures won't come at taxpayers expense.
00:27:56.000 On Monday, Biden was at pains to say that no losses would be borne by taxpayers, and the money would come from the fees that banks pay to the Deposit Insurance Fund of the Federal Deposit Insurance Corporation, FDIC.
00:28:06.000 His comments followed those of Janet Yellen, the Treasury Secretary, who told CBS on Sunday, Let me be clear that during the financial crisis there were investors and owners of systemic large banks that were bailed out and the reforms that have been put in place means that we're not going to do that again in the same way, in a way that's visible and plain because we worked out that we can get away with this stuff if we just change the words a little bit.
00:28:26.000 But one thing we can tell you is the financial industry isn't going to be meaningfully persecuted in the same way that Joe Biden's big pharma we beat pharma this year bill isn't going to meaningfully penalise him.
00:28:36.000 Otherwise, you won't be seeing Pfizer come in on saying we've made record profits.
00:28:39.000 What they'll do is they'll find a way of being able to say something to you, like, oh, we changed it, look, that won't make a meaningful difference, not to the profits of the pharmaceutical industry.
00:28:49.000 We beat pharma this year!
00:28:51.000 Jason Furman, chair of the Council of Economic Advisers under Barack Obama, was not convinced, saying, make no mistake, it does have an expected cost to taxpayers.
00:29:00.000 Even Andrew Ross Sorkin, financial columnist for the New York Times, thinks it's a bailout.
00:29:05.000 It's a bailout, not like 2008, but it's a bailout of the venture capital community and their portfolio companies, their investments.
00:29:11.000 It's easy to see why the Biden administration is keen to avoid the B word, given the general antipathy towards the enormous bailouts that Wall Street banks received during the 2008 financial crisis.
00:29:21.000 Generally speaking, it created a populist movement, notably Occupy, where people from across the political spectrum came together, recognizing that their interests, shared interests, meant they ought to put aside any cultural differences and come together to confront centralised power.
00:29:35.000 Have you noticed that since then, there's a lot of talk about how we're all different from one another and how we should spend all our time fighting one another based on our cultural, sexual and identity differences?
00:29:43.000 What a weird coincidence.
00:29:44.000 Almost as if the culture is pumping you full of information to make you think, oh god, that person's got a different type of dickie bird than I got!
00:29:53.000 Spend all your time worrying about stuff that doesn't really matter if you stop thinking about it.
00:29:58.000 Finance officials have said that covering depositor losses from the bank failures would be met in part by the deposit insurance fund held by the FDIC, the government corporation that supplies deposit insurance to depositors in the US commercial banks and saving banks.
00:30:10.000 But Susanna Streeter Head of money and markets at Hargreaves Lansdowne said the wider banking system will bear the brunt of the bailout of banking customers as the money will come from fees institutions pay into the deposit insurance fund.
00:30:23.000 So this won't affect you unless you use money.
00:30:26.000 No, no, no, perhaps you don't use money in your life.
00:30:27.000 I, of course, get through life just by it.
00:30:29.000 If I need a good or service, what I do is I sing them a song.
00:30:33.000 And then I'll just get my money like that, so I'm not affected by banking stuff.
00:30:37.000 If that happens, it will get harder to argue that the non-bailout bailout will not ultimately fall on US taxpayers.
00:30:42.000 But they will keep arguing it, or they'll wait a little bit of time, like they did with the 2008 regulations, before rescinding them, because you're thinking about something else.
00:30:49.000 Because by then, there'll be a war, or a pandemic, and we'll be thinking about that, and you'll forget, oh no, there was that thing when they lied to us again.
00:30:56.000 Don't forget!
00:30:57.000 Assuming there are wider losses not covered either by SVB and signature assets or federal deposit insurance funds, part of it should be expected to fall on bank customers indirectly, Morgan Ricks, a banking professor at Vanderbilt Law School, told NBC.
00:31:11.000 OK, so let's see if there is a relationship between the way that parties are funded and the way that parties behave when in office, and if Biden's serious when he spouts invective about how the perpetrators of these events will be punished.
00:31:23.000 In 2020, President Trump promised four more years of low taxes, light regulation and a laser focus on the stock market.
00:31:29.000 Yet professionals on Wall Street shunned Trump and funneled staggering amounts of money to his opponent.
00:31:35.000 Campaign donations to Biden were five times larger than to Trump.
00:31:39.000 What this clearly demonstrates to me is that there is a porous relationship between Wall Street and Washington.
00:31:45.000 That if you give enough money to the Democrat Party or the Republican Party, they will legislate, regulate and govern in accordance with your wishes, not in accordance with the people that voted them into office and power.
00:31:56.000 Biden received five times more money from Wall Street than Trump.
00:32:00.000 Do you think that receiving this enormous injection of cash will impede his ability to regulate, guide and influence the manner in which he regulates the financial industry?
00:32:11.000 Or do you think he'll just take that money and forget all about it?
00:32:13.000 The same way they took your vote then forgot what they promised you.
00:32:16.000 That's just what I think though.
00:32:17.000 Let me know what you think in the chat.
00:32:19.000 Let me know what you think in the comments.
00:32:20.000 I'll see you in a second.
00:32:21.000 Thanks for refusing Fox News.
00:32:23.000 Good day.
00:32:24.000 No.
00:32:24.000 Here's the fucking news!
00:32:26.000 Is it me, or does the future feel more insecure and uncertain?
00:32:31.000 Wars, pandemics, lies, trickery.
00:32:34.000 My cats keep having kittens.
00:32:35.000 The last one's personal.
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00:33:35.000 That's what we want, ain't it, gal?
00:33:36.000 Certainly.
00:33:37.000 Gold and silver.
00:33:38.000 Did you see how, at the end, I said it's made in stars?
00:33:41.000 I did.
00:33:41.000 It was really poetic of you.
00:33:43.000 I'm poetic when I'm... I'd want a big bar, though, if I had it.
00:33:46.000 Oh, yeah, lovely, shiny, like a Willy Wonka chocolate bar, but nothing but gold.
00:33:51.000 So one of the things we're talking about over the course of this episode is the course escalation of tensions between Russia and the United States vis-a-vis the drone issue and I guess what's funny is when you see Donald Trump crop up on your TV set saying that he could solve the conflict in half an hour or 25 seconds or whatever audacious claim Trump has made about being able to bring about peace but the truth ...is that Trump is an outlier and an oddity in the global political space, in particular because of his willingness to, for example, visit Kim Jong-il.
00:34:26.000 That was like an odd little move.
00:34:28.000 Un!
00:34:29.000 We've got Kim Iverson coming on, there's il, un, there's everywhere I look there's a Kim.
00:34:29.000 Do you get that?
00:34:35.000 She's got a finger on the button as well.
00:34:37.000 Of the nation.
00:34:38.000 Right.
00:34:39.000 You like what I did?
00:34:40.000 I do like it in a way.
00:34:41.000 I can do puns as well.
00:34:42.000 It was a good pun and a good joke and I think you should be, I say encourage you.
00:34:47.000 Especially after your moment of doubt when we were speaking to that Cockney economist only yesterday.
00:34:47.000 Thank you.
00:34:51.000 Because his name was Gary.
00:34:53.000 Gary, Gary Snatch.
00:34:55.000 Show me the money before I slice you up.
00:34:58.000 Gary Stevenson.
00:35:00.000 Listen, what we're talking about more broadly is the escalation of fear in our No sooner does a pandemic end than there's an economic crisis and a geopolitical conflict.
00:35:12.000 I wanted to draw your attention to a couple of interesting quotes.
00:35:15.000 This first one's from HL Mencken.
00:35:16.000 The whole aim of practical politics is to keep the populace alarmed and hence clamorous to be led to safety by menacing it with an endless series of hobgoblins, most of them imaginary.
00:35:27.000 We went from the Cold War to the war on terror to this war on germs.
00:35:32.000 Now we're back to normal war.
00:35:34.000 personifying drones oddly pretending to be haughtily concerned about the sort of the drone getting sort of petrol blown about all over it whilst accepting money from Raytheon which was the last example we didn't end up getting to but that person that Fox News featured Obviously got big contributions from Raytheon.
00:35:54.000 You can't bring someone who receives money from Raytheon onto a show to objectively either advocate or deny the necessity for war.
00:36:04.000 Listen to this as well by Konya Boyak.
00:36:07.000 Physical attacks lead to a corresponding increase of trust in political leaders and submission to them.
00:36:13.000 This effect is likely the same whether the attack be a surprise known to political leaders yet allowed to happen Or directly orchestrated by these same leaders who stand to benefit from the increased trust and submission.
00:36:23.000 False flag operations are used because people generally do not have access to the details so they're prone to rely upon what they're told and are thus easily deceived.
00:36:31.000 People will for the most part believe what they're told in times of crisis and so government officials, whether their motives are good or evil, capitalize on or completely fabricate the crisis.
00:36:40.000 I think sometimes it's Interesting and wise even to broaden our perspective to look at what's happening.
00:36:46.000 We become so captured and immersed in the terrifying details of endless and diverse potential conflicts and actual ongoing conflicts that we forget that something deeper is happening to us.
00:36:58.000 on an emotional level.
00:36:59.000 You'll love the conversation that's on this show tomorrow with Cornel West precisely because he's a figure who's able to take a macro perspective, who understands history, who understands philosophy and yet still has recourse to love and emphasizes the significance and importance of spiritual values when dealing with this level of complexity.
00:37:20.000 You know our perspective has become about bringing people together, having conversations
00:37:25.000 that no longer are in separate encampments defined by former tribal allegiances to right
00:37:32.000 or left.
00:37:33.000 This is increasingly necessary.
00:37:34.000 Now, the conflict between Ukraine and Russia and its subsequent and ancillary complexity
00:37:41.000 is not the only thing that's happening right now, because North Korea, which I thought
00:37:46.000 was one of the things we'd just be able to put on the back burner.
00:37:48.000 Forget about it.
00:37:48.000 Apparently this situation is escalating because the US and South Korea have been testing missiles.
00:37:55.000 Now, I still can't work out what happened first.
00:37:59.000 Did the US and South Korea test their missiles and cause North Korea to do some fanciful stuff in the sky?
00:38:06.000 Look, they tested some missiles as well.
00:38:08.000 They apparently can fly in sort of figures of eight and stuff.
00:38:11.000 Sounds pretty brilliant, actually.
00:38:13.000 But nevertheless, it's like you can only just start, you know, like you can barely relax about Russia, Ukraine, and then you're told it's kicking off in North Korea and there's new military bases cropping up in the Philippines.
00:38:24.000 So there's this ongoing escalation of angst and fear, ongoing cultural conversations that seems doomed to end in yet more conflict.
00:38:34.000 This is why there have to be voices about advocating for love and forgiveness and compassion.
00:38:39.000 Basic spiritual principles, if you ask me.
00:38:41.000 Let's have a quick look about what's going on in North Korea and then we're going to talk to Kim Iverson in a minute because she has a sort of a broad journalistic understanding of how these conflicts are being used to divide us.
00:38:53.000 First, let's look at how, I think it's ABC report, or is it NBC?
00:38:57.000 It's one of the BCs, report on this current escalating conflict in Korea now.
00:39:02.000 God.
00:39:06.000 Tonight, the U.S.
00:39:07.000 and South Korea launching their biggest joint military exercises in years, readying themselves to defend against an evolving North Korean threat.
00:39:15.000 North Korea weighs... Readying themselves, but simultaneously provoking it.
00:39:20.000 It's interesting framing, isn't it, mate?
00:39:22.000 To say, oh, we're just readying ourselves for what?
00:39:25.000 Nothing, because nothing's happened yet.
00:39:27.000 And do you think that launching missiles into the sky on the border is likely to exacerbate tensions or relieve them?
00:39:34.000 It's pretty clear that it's going to make things worse.
00:39:37.000 No time in retaliating.
00:39:39.000 Official state media saying the North launched two cruise missiles on the eve of the drills from a submarine off North Korea's coast, claiming they flew for two hours in figure eights over the Sea of Japan.
00:39:50.000 that they did figure eights yeah it's not ice skating no it's also a hard thing to do for a missile yeah it's almost too impressive and also they did it for too long like once you've seen a figure of eight by a missile you don't need to see it do it again and again come back now lads like juggling like once you've seen a bit like of juggling you're like oh i get it you can juggle oh fire oh fuel prices are high at the moment as well so you're wasting fuel South Korea's military confirming they tracked at least one missile launch from the North, saying they're working with U.S.
00:40:23.000 intelligence to analyze it.
00:40:25.000 The tests launch a pointed reminder of the escalating security threat from North Korea, which conducted more than 70 missile tests last year, the most ever.
00:40:38.000 U.S.
00:40:39.000 National Intelligence Director Avril Haines saying North Korea is using aggression to reshape the region.
00:40:45.000 ...and to reinforce its status as a de facto nuclear power.
00:40:51.000 The joint U.S.-South Korean military...
00:40:53.000 That's an interesting double act that's forming over there.
00:40:57.000 They've worked on that handshake and I think it's really paying off.
00:40:59.000 But it's going to take more than a coordinated fist bump to bring about peace.
00:41:03.000 That's why we're asking in today's show about Trump's peculiar diplomacy for all his evident faults.
00:41:10.000 I know a lot of you love him and some of you don't.
00:41:12.000 He certainly was willing, at least, to have conversations with people, wasn't he?
00:41:17.000 Like, because, actually, no, I will show you that, General.
00:41:19.000 Like, because this dude, this military dude, who, he crops up every few days, this guy.
00:41:23.000 He's actually talking about, like, the drones had this happen to it.
00:41:25.000 Look at him talking about Korea.
00:41:26.000 He makes a pretty heavy fret.
00:41:28.000 Check it.
00:41:30.000 Well, I think we've been very clear that were North Korea to employ a nuclear weapon, it would be the end of the North Korean regime.
00:41:40.000 Wow.
00:41:41.000 That'd be the end of it.
00:41:42.000 That's amazing.
00:41:42.000 But I suppose if it deploys a nuclear... Sure.
00:41:45.000 ...weapon, does he mean...
00:41:47.000 Right, we know exactly what he means.
00:41:51.000 But it's also, equally, that's it for all of us.
00:41:53.000 I mean, just be honest at that point.
00:41:55.000 It's all over at this point.
00:41:57.000 It's one of the things that's been obfuscated in this escalating global tension is that we've all got skin in the game when it comes to the annihilation of the planet.
00:42:07.000 We all Have a look at Trump when he went to visit Kim Jong-un.
00:42:13.000 I want you to pay attention to a few things.
00:42:15.000 Trump is his usual bright and breezy, robust self.
00:42:19.000 In my view, Kim Jong-un don't show a wide enough range of emotions.
00:42:23.000 That's why I'd like to see a few more expressions from Kim Jong-un.
00:42:27.000 Have a look.
00:42:28.000 We were in Japan for the G20, we came over and I said, hey, I'm over here, I want to call up Chairman Kim.
00:42:35.000 And we got to meet and stepping across that line was a great honour.
00:42:39.000 This was a special moment.
00:42:41.000 The same mood in this bit of the visit as well, isn't he?
00:42:44.000 He's never not in that mood, Kim, is he?
00:42:47.000 He's either focused or very bored, I'm not sure which.
00:42:49.000 I think he's switched off.
00:42:51.000 And I also don't think he'd have got that job if his dad didn't do it.
00:42:53.000 That's what I think.
00:42:54.000 They talk about nepotism in the Trump family, don't they?
00:42:56.000 Like the Trump kids are getting an easy ride.
00:42:59.000 Clinton.
00:43:00.000 Clinton.
00:43:00.000 Nepotism.
00:43:01.000 But look at what's going on over there.
00:43:03.000 I've never even seen him look that animated.
00:43:05.000 I actually don't think he will do a nuclear war because I don't think he could be bothered.
00:43:09.000 It looks like he's just... Right, tensions are escalating on the border.
00:43:13.000 Should we send up some figure of eight drones?
00:43:15.000 Kim?
00:43:16.000 Kim!
00:43:17.000 What are we going to do, Kim?
00:43:19.000 Sorry, I was thinking about something else.
00:43:21.000 I was thinking about my dad.
00:43:22.000 He was a good man!
00:43:23.000 He was a good man!
00:43:24.000 He's got a daughter now, hasn't he?
00:43:26.000 Yes.
00:43:26.000 And she's going to be next, maybe.
00:43:27.000 He took her to all the rockets and stuff.
00:43:27.000 That's right.
00:43:30.000 Did he?
00:43:30.000 Day out, to see all the big rockets.
00:43:33.000 But I bet even on that day, he was in that mood.
00:43:35.000 Not like, oh right, daddy and daughter day.
00:43:35.000 Of course he was.
00:43:38.000 Like when I'm out with my kids.
00:43:39.000 Oh, it's a hell of a day, isn't it?
00:43:39.000 Yeah.
00:43:40.000 I'm enthusing them.
00:43:41.000 I know.
00:43:42.000 But also, I'm not, like, escalating tensions between the South.
00:43:45.000 Well, certain tensions.
00:43:46.000 What do you mean, like, between me and the wife?
00:43:49.000 No, I didn't mean that.
00:43:50.000 I just meant general tensions.
00:43:51.000 General tensions.
00:43:52.000 You know, when they come up.
00:43:53.000 Yeah, there's tensions.
00:43:54.000 They're getting escalated.
00:43:54.000 There are tensions.
00:43:56.000 So, listen, here to perhaps dampen down the horror that we could be on the brink of the apocalypse is Kim Iverson.
00:44:03.000 Kim Iverson's on Rumble every day at 6pm.
00:44:06.000 Kim, thanks for joining us.
00:44:08.000 She's fantastically here.
00:44:09.000 It's always good to see you in front of that lurid, livid, pink backdrop.
00:44:13.000 Thanks for coming.
00:44:16.000 Thanks for having me.
00:44:16.000 Great to see you.
00:44:17.000 Great to see you, mate.
00:44:18.000 I'm glad you like the background.
00:44:20.000 I put this one on just for you.
00:44:22.000 Bury them sometimes.
00:44:23.000 What else do you go for?
00:44:24.000 Lime green sometimes.
00:44:28.000 It's terrifying.
00:44:29.000 Lime?
00:44:31.000 Listen, Kim, I know that yesterday you spoke to Dmitry Polyansky and I'd like to know what you learned by talking to the UN ambassador to Russia.
00:44:31.000 Yeah.
00:44:41.000 What particular revelations were made and how it advanced the conversation and whether it gave you a different perspective on this recent escalation via the drone story?
00:44:50.000 Yeah, so ambassador, he's the Russian ambassador for the UN, Dmitry Polyansky, he basically says that the drone was in Russian airspace, that they didn't touch the drone, that, and now we have video evidence of what happened, according to the US government, they've released the video and you can see the Russian fighter jets.
00:45:11.000 Spraying jet fuel on the drone.
00:45:14.000 It's unclear if the fighter jets actually hit the drone.
00:45:17.000 The U.S.
00:45:18.000 is claiming that they did, but the Russians are saying they didn't.
00:45:21.000 The ambassador basically said that if their jets had hit the drone, then their jets would have been damaged, and their jets were not damaged.
00:45:29.000 But we did see from the video that a couple of the propellers were bent.
00:45:33.000 One of them looked like it was twisted.
00:45:33.000 One of them was bent.
00:45:35.000 So it's unclear what caused that.
00:45:37.000 Maybe the jet fuel is really, I mean, I don't know how heavy it is when it sprays out of
00:45:41.000 an airplane, but it's possible that the jet fuel bent it in some way when it was flying
00:45:47.000 over.
00:45:48.000 That would be the only thing that I could assume.
00:45:49.000 But basically, the Russians are saying that this drone was in their airspace.
00:45:53.000 Now, of course, the United States doesn't really recognize that as their airspace because
00:45:58.000 the United States doesn't recognize Crimea as Russian.
00:46:01.000 So their point is this drone shouldn't have been there.
00:46:04.000 It was headed towards Crimea.
00:46:06.000 They have evidence of that.
00:46:07.000 They now have the drone.
00:46:09.000 The drone was found in the Black Sea in about 900 meters, which is, you know, the Black
00:46:16.000 Sea is about 2,700 meters deep.
00:46:18.000 So 900 meters is fairly close.
00:46:19.000 They were saying that it was pretty close to the Crimean shore.
00:46:22.000 Sure, and they now have recovered the drone so it looks like I mean both things could be correct There could have been a lot obviously there was fighter jets doing some fancy maneuvers around the drone At the same time that the fighter jets may not have made contact direct contact with the drone it could have been the jet fuel that bent the propellers and At the same time this drone clearly was very close to Crimea in what Russia considers to be their airspace so it looks like One side says it was aggressive.
00:46:50.000 That's Russia saying this drone was aggressively in our area.
00:46:53.000 And the other side says you guys were flying recklessly and unprofessionally around our drone and took it down.
00:47:00.000 Essentially shooting it down without shooting it.
00:47:03.000 I do think that hearing a different perspective on this subject already helps to temper the escalating tensions.
00:47:12.000 It's obvious that this issue, from a Russian perspective, is entirely different.
00:47:18.000 It's seen as an act of aggression to even be in that airspace.
00:47:21.000 And I wonder, Kim, if you have anyone there with you who could potentially turn your mic down a little bit.
00:47:26.000 We're experiencing some distortion at this end.
00:47:28.000 I'm not sure if that's something you could do.
00:47:30.000 Thanks very much, Kim.
00:47:33.000 It seems again that this is one of those stories that's being leapt upon to advance the narrative that it's legitimate to increase tensions between the US and Russia.
00:47:45.000 Why are we not seeing any attempts at diplomacy?
00:47:48.000 Why is the media in particular always keen to present even relatively minor skirmishes in the least favourable light?
00:47:59.000 I wish that they would go towards diplomacy, and I would hope that something like this wouldn't escalate things.
00:48:05.000 But it looks like this is just going to escalate tensions.
00:48:08.000 is using this incident as a means to say, look, Russia's aggressive towards us.
00:48:08.000 The U.S.
00:48:14.000 But I don't know how you could categorize how the U.S.
00:48:17.000 has been behaving or the West has been behaving towards Russia this entire time.
00:48:20.000 This is a war that is not being declared a war.
00:48:23.000 The United States has engaged in warfare The West in general has engaged in warfare with Russia by
00:48:29.000 proxy through Ukraine and been very warmongery in the rhetoric.
00:48:34.000 So, Russia has every reason to feel threatened by the United States.
00:48:37.000 If there is a surveillance drone flying right around Crimea, Russia has every reason to
00:48:43.000 feel threatened by that.
00:48:44.000 I mean, it's a war.
00:48:46.000 So I don't know how exactly they're going to de-escalate this or use this to de-escalate
00:48:51.000 They're going to have to just—both sides are going to have to kind of ignore it if we don't want this to escalate into a further conflict where there's boots on the ground.
00:48:59.000 I mean, the next step is going to be NATO troops in Ukraine.
00:49:02.000 That's the only thing left.
00:49:04.000 at this point, besides giving Ukraine heavier weaponry, that they're not really trained
00:49:09.000 to use.
00:49:11.000 So in order to give them that heavy weaponry, we'd have to have NATO boots on the ground
00:49:16.000 in Ukraine.
00:49:17.000 That is a full-on war with Russia, and that leads us nowhere great anywhere quickly.
00:49:22.000 Kim, lurching from one global crisis to another, can you give us some insight on the collapse
00:49:28.000 of SVB?
00:49:30.000 Do you think that this aspect of the financial crisis will be utilised to promote the use of CBDCs to ensure that centralised currencies are placed in the hands of existing establishment structures?
00:49:48.000 Yes, absolutely.
00:49:49.000 I actually my view on the collapse of SVB and also subsequently Signature Bank of New York and previously Silvergate Bank was that these were targeted attacks on banks that were heavily into the crypto world.
00:50:01.000 This was a way to take out crypto.
00:50:03.000 And now crypto doesn't know where to go.
00:50:05.000 They need banks for on ramping and off ramping crypto to convert dollars or euros to crypto
00:50:12.000 or to vice versa.
00:50:13.000 Sell your crypto for euros or dollars.
00:50:16.000 And these three banks, Signature Bank and Silvergate Bank, were were absolutely they
00:50:21.000 were the two biggest crypto banks.
00:50:23.000 And SVB was getting into it.
00:50:26.000 And suddenly these three banks are taken down.
00:50:30.000 There was definitely some deregulation that happened.
00:50:33.000 But the deregulation actually didn't have a lot to do with it.
00:50:35.000 These banks were solvent banks.
00:50:37.000 They did not have bad assets like non-performing mortgage loans, for example, where people
00:50:41.000 were defaulting.
00:50:43.000 They bought treasury bonds from the government when the government told them to buy those
00:50:47.000 treasury bonds in order to reduce inflation.
00:50:51.000 And then those banks were taken down.
00:50:52.000 And when you look at what happened with Credit Suisse just yesterday and how the Swiss Central
00:50:57.000 Bank came forward and said, don't worry, we've got this in case something were to happen.
00:51:02.000 That is the role of the of the central banks.
00:51:05.000 That is what their purpose is, is to help go in there and ensure that a solvent bank
00:51:10.000 has liquidity when there's a potential run on that bank.
00:51:14.000 That's exactly what the Swiss Central Bank just did for Credit Suisse.
00:51:18.000 And yet the U.S.
00:51:19.000 Federal Reserve Bank was unwilling to do that for these three banks.
00:51:23.000 But then suddenly, three days later, if they just would have implemented the rule that they have now, three days later, those three solvent banks would have remained in business.
00:51:32.000 You can take a bank down when a bank is insolvent, but to take a solvent bank down, that's purposeful.
00:51:39.000 They whisked in—SVB had a buyer.
00:51:42.000 They rejected that buyer.
00:51:43.000 That would have saved SVB.
00:51:45.000 Signature Bank was solvent by the time they showed up to seize it.
00:51:48.000 Same thing with Silvergate.
00:51:49.000 Silvergate was told to prepay loans that they weren't needing to prepay in advance.
00:51:55.000 Why would they need to do that?
00:51:56.000 That was taking out their liquidity.
00:51:58.000 This was a targeted attack.
00:52:00.000 on cryptocurrency. That's exactly what this was. That's why we're not going to see very many other
00:52:04.000 banks collapsing anytime soon. They will eventually. There's going to be some collateral damage.
00:52:09.000 But ultimately, this was targeted on these three banks. It was intended to take out crypto because
00:52:15.000 the Federal Reserve has been very transparent and open about wanting to roll out central bank
00:52:20.000 digital currency. They can't do it when there's alternative cryptos out there. They even have
00:52:25.000 this on their website.
00:52:26.000 They're very open about it.
00:52:27.000 They say that the rollout of CBDCs will help protect the U.S.
00:52:32.000 dollar as the global reserve currency.
00:52:35.000 They flat out say it on their website.
00:52:36.000 They're wanting to do this.
00:52:37.000 They've just implemented a 12-week pilot program to see...
00:52:41.000 To see how CBDCs do.
00:52:42.000 So, we're seeing them march towards this central bank digital currency, where individuals like you and I will have bank accounts, essentially, with the central bank, with the Federal Reserve.
00:52:54.000 That's where our bank—that's where our money will be held.
00:52:57.000 They'll be able to then surveil us.
00:52:59.000 They even say on their website that it would help with combating crime, criminals, because of the transparency of where their transactions are going.
00:53:09.000 So, they're wanting to roll out the central bank digital currency.
00:53:12.000 They're wanting people to want it.
00:53:15.000 So, part of these collapsings of these banks is also to get people to say, oh my gosh, you're telling me when I put my money that I earned into a bank account, and I've made no risky investments, the only thing I did was open a bank account, and now you're telling me I might lose all of my money, claiming it's somehow my fault I opened up a bank account.
00:53:34.000 They're wanting you to feel that fear so that then you say, well, then what's the only thing?
00:53:39.000 How can I keep my money safe?
00:53:40.000 Well, you'll keep it safe if it's directly with the Federal Reserve.
00:53:44.000 That is the only place.
00:53:45.000 So that's what they want to do.
00:53:46.000 They're wanting to roll out these CBDCs and they're wanting you to want it.
00:53:50.000 If you can control the money, you can control the people.
00:53:53.000 That's what they're doing.
00:53:54.000 God, Kim, that's such an extraordinary and evolved perspective and so in keeping with one of the themes of today's show, how the escalation of fear ultimately causes us to submit to further authority.
00:54:07.000 I hadn't noticed that potential in that story at all, not that I would, I'm not a financial expert by any means, but much of the reporting that we've seen and even participated in focused on the increase of Interest rates and sort of almost, I suppose, conventional financial arguments for how this collapse has been brought about and its corollary with 2008.
00:54:27.000 This crypto perspective and how it might facilitate further centralization of currency is a fascinating one.
00:54:33.000 I don't know why I'd be remotely surprised that you would provide such insights, Kim, for you have made a living doing precisely that.
00:54:40.000 Kim Iverson, thank you so much for joining us on Stay Free.
00:54:43.000 We're always grateful to have you.
00:54:47.000 Thank you for having me.
00:54:49.000 It's such a joy.
00:54:50.000 Kim Iverson is the host of The Kim Iverson Show, available to watch every weekday from 6pm PT, 9pm ET on Rumble.
00:54:59.000 Before we wrap up the show today, why don't we momentarily ruminate on the events of January 6th?
00:55:07.000 Because this is obviously something we've been threatening to talk about for a number of days, and in particular the way that it's been mobilised and utilised by differing sides within media.
00:55:18.000 Let's take this US Today headline.
00:55:20.000 How dare anyone diminish or deny The events of January 6th.
00:55:25.000 I suppose what it centers around in the end is whether or not you feel like you ought have access to as much information as possible before making a decision.
00:55:33.000 That's one component of the story.
00:55:35.000 The other one is what are the conditions that led to January the 6th?
00:55:39.000 That tends to be absent from a lot of mainstream reporting.
00:55:43.000 We enjoyed very much this clip on NBC where they talk of Tucker Carlson as if he's a sort of shamanic figure able to create Alternative realms and dimensions.
00:55:54.000 Have a look.
00:55:55.000 For the second night in a row, Fox News host Tucker Carlson used his exclusive access to more than 40,000 hours of video.
00:56:03.000 Big deal that he's done it on consecutive nights, is it?
00:56:05.000 No.
00:56:06.000 News is on every night.
00:56:07.000 That's not a big enough thing to mention on the news.
00:56:09.000 Every single night.
00:56:11.000 I noticed this at around 9pm.
00:56:13.000 Tucker Carlson appears.
00:56:14.000 Why is he doing this?
00:56:16.000 Also, he talks about his exclusive audience.
00:56:17.000 That's people that watch the channel.
00:56:19.000 That's just viewers.
00:56:20.000 To his loyal audience that he's captured and tricked somehow.
00:56:24.000 It's really odd the things that they choose to attack particularly when ultimately from their perspective this is a story about bias.
00:56:31.000 What their claim is is that Tucker Carlson and Fox are only showing footage that supports their perspective and certainly that is a claim that can be made but they have to simultaneously recognize that they are doing the same thing.
00:56:45.000 It's clear that all of the footage Unless, you know, you go full on, it's the whole thing staged, which some people are down with that, aren't they?
00:56:52.000 Like, you know, there's footage of people smashing up doors, there's footage of ins- of what look like insurgent acts,
00:56:58.000 but there's also footage of people sort of ambling through corridors across tiled floors,
00:57:02.000 so somewhat peacefully, it seems.
00:57:04.000 "...from January 6th to create an alternative reality..."
00:57:08.000 Ha ha ha, it's not- it's not an alternative reality!
00:57:13.000 It's just another thing that happened.
00:57:14.000 It's just another perspective like then when we were talking to Kim who'd spoken to a diplomat from Russia and from a Russian perspective that drone strike is well that's above water that's adjacent to our nation, we still consider Crimea to be part
00:57:30.000 of our nation.
00:57:31.000 In a way, there can be no progress without access to alternative
00:57:36.000 perspectives, whether it's regarding this issue or any issue. You can only
00:57:40.000 de-escalate tensions by considering how other people might feel and what
00:57:44.000 narratives they might adhere to. Carry on.
00:57:49.000 Another clip.
00:57:51.000 There's another one.
00:57:53.000 Are you guys gonna do... Are we cool to look at the next thing?
00:57:56.000 Here we go.
00:57:58.000 Some January 6th facts to weigh alongside Tucker Carlson's new January 6th fantasy.
00:58:05.000 Fantasy?
00:58:06.000 So it's really interesting to do a show about bias, to have a take about bias, and then to use such extraordinarily bombastic and hyperbolic language while apparently addressing the issue of bias.
00:58:24.000 I suppose this is one of the things we've been talking about a lot in the last couple of weeks, that there is no moral authority on either side and ultimately we need Listen to what some people said on the surveys we give out when you get tickets in response to some of these questions about the effects of lockdown.
00:58:39.000 I'm just going to show you a little clip of my show Brandemic.
00:58:43.000 It's available now on Locals.
00:58:45.000 You can get it if you want immediately. Have a little look at a clip of that.
00:58:48.000 Listen to what some people said on the surveys we give out when you get tickets
00:58:55.000 in response to some of these questions about the effects of lockdown. I'm a scientist.
00:59:00.000 First one's from Steve.
00:59:03.000 In response to the question, what's the naughtiest thing you did during lockdown, Steve said,
00:59:06.000 telling all my neighbours I was a medical worker so they would direct their applause at me during
00:59:10.000 Clap for Carers.
00:59:11.000 Well you can see that stand up special by joining us on Locals where you also get access to our
00:59:25.000 weekly show Stay Connected.
00:59:27.000 I also do meditations on there, and live recordings.
00:59:31.000 Graham Hancocks will be joining us next week.
00:59:33.000 You can You can attend that if you want to.
00:59:36.000 On tomorrow's show, I'll be talking to Dr. Cornel West, a philosopher, political activist, and someone who inspires in me a deep belief that it is possible to change by listening to voices from across the political and philosophical spectrum, that we needn't be tyrannized and frightened by the bombast