00:00:51.000He's done an amazing job building one of the most powerful youth organizations ever created, Turning Point USA.
00:00:58.000We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country.
00:01:58.000We got some good news about the filibuster from Kirsten Cinema and Joe Manchin, if they tell the truth.
00:02:07.000But now, there is a story that's being covered differently by almost everybody.
00:02:18.000And this story is revealing to us so much about the political, philosophical direction of our country.
00:02:30.000The story is, of course, the GameStop AMC BlackBerry short-selling saga.
00:02:37.000Certain financial news channels are covering this from a hero-villain standpoint of the villain being the Redditors who are posting on message boards.
00:02:55.000And the heroes are the short-selling hedge fund people.
00:03:00.000Others, such as Tucker Carlson and Charles Payne and Dave Portnoy from Barstool, are framing the hero-villain saga story, if you will, as the hedge funders as the villain and the Redditors as the heroes.
00:03:19.000But this is a gift now to Republicans.
00:03:22.000You see, when I started to get involved in politics in high school in freshman and sophomore year at Wheeling High School in the suburbs of Chicago, the number one criticism that I had to endure back in 2010, 2011 was that Republicans were the party of Wall Street.
00:03:49.000You see, this criticism is not something that everyone hears now because the Democrats and the left have shifted from an outright economic class war to just a race war.
00:04:02.000You see, when I was in high school, just nine years ago, eight or nine years ago, the political left thought that they could start a successful movement around turning working class people against rich people.
00:04:20.000And it was always a very difficult argument for me to counter.
00:04:25.000It was hard for me to justify the amount of wealth that certain people had.
00:04:43.000However, the discrepancy, the growing inequality, was politically very difficult.
00:04:51.000It looked as if I was a defender of an unfair system.
00:04:56.000It looked as if I was a defender of a broken financial model.
00:05:01.000We all remember back to 2007, 2008, when the federal government, in collusion with the big banks, created the housing crisis in our country, the mortgage crisis in our country.
00:05:14.000Put simply, Wall Street got drunk, Washington provided the liquor.
00:05:19.000They both worked together to destroy the American housing market.
00:05:23.000We had people taking out loans they couldn't afford in houses they could not even, at even the most generous interpretation of their credit score, ever pay the principal, let alone the interest on these loans.
00:05:36.000People had multiple loans taken out, and it was a government-created bubble.
00:05:58.000And as a result, we passed crony capitalist government regulation that the banks actually wanted passed that made it harder for small and local community banks to survive called Dodd-Frank.
00:06:12.000If any of you are new to politics, I just want to say you've been given a gift that you do not have to deal in American politics with Barney Frank.
00:06:27.000I can honestly say American politics is better now that Barney Frank is not involved.
00:06:33.000However, then around 2012, Obama ran largely, by the way, against this framing.
00:06:41.000You see, Mitt Romney, we all know who Mitt Romney is, but how did they defeat Mitt Romney?
00:06:47.000They defeated him by positioning him as a corporate raider, as an evil private equity guy that would come in and ship jobs overseas, take big bonuses for himself at Bain Capital.
00:07:02.000And Barack Obama framed himself, thanks largely in part to the narration of Tom Hanks.
00:07:08.000If you remember that video, which was seen by tens of millions of people, as the guy that kept General Motors alive and Osama bin Laden dead.
00:07:17.000Now, that was a very deceiving way to frame it, but nevertheless, it worked.
00:07:22.000Barack Obama won the industrial rust belt.
00:07:26.000Barack Obama won states like Ohio and Pennsylvania, states that Mitt Romney was completely rejected by.
00:07:42.000The point is that this message was very successful.
00:07:48.000The framing of American politics had benefited Democrats for years because the institutional financial systems that a lot of us were skeptical of, a lot of us knew there was something not totally right there.
00:08:05.000A lot of us felt like we were watching from the outside a Gordon gecko scene where insider trading is tolerated and allowed and there's little tips and nods and winks and no one really gets prosecuted and big fines get levied and the system continues on.
00:08:23.000Republicans, for a variety of different reasons, but mostly because Republicans were more likely to take the capital and the money from these banks to finance their campaigns.
00:08:34.000And secondly, and additionally, the Republicans were willing to fight for the issues of Wall Street.
00:08:45.000And Wall Street hid behind the auspice like, oh, we're free market guys.
00:09:05.000He actually ran for the first time as a Republican on an anti-Wall Street message.
00:09:10.000One of the reasons why Trump was able to win the presidency in the first place in Wisconsin, Michigan, and Pennsylvania is that Hillary was unapologetically taking the Wall Street money.
00:09:18.000Hillary was unapologetically representing this internationalist, globalist, corporatist agenda.
00:09:24.0002020 election rolled around, and Joe Biden framed himself as the fighter of Main Street, deceivingly so, took massive money from Wall Street.
00:09:37.000And of course, with all the shenanigans and everything that surrounded the 2020 election, here we are with a Wall Street candidate who's now president, with Janet Yellen, who's a Wall Street selected spokesperson.
00:11:30.000And the ruling class is richer, wealthier, and more comfortable than ever before.
00:11:36.000So then, A bunch of late 20 and early 30s something say, let's start to mobilize our activity, which, by the way, as we have predicted here from day one, people are going to get arrested over this.
00:11:50.000People are going to be held accountable for this.
00:11:54.000We're just commenting on the framing of this.
00:11:58.000Is that the right thing, the wrong thing?
00:13:51.000To go after the collusion that exists in clear sight.
00:13:56.000But since the tech oligarchs have basically digitally assassinated Donald Trump and he's left to just press releases on stationery of the office of the former president, whatever that is, you now have an entire political conversation and a mass of people that are ready to be mobilized with no point to be able to bring them to a point of focus.
00:14:19.000Does that make sense why they took Donald Trump off social media?
00:14:23.000All of a sudden, it makes a lot of these populist moments a lot less poignant.
00:14:29.000It makes these populist moments easier to suppress.
00:14:32.000Now, Donald Trump Jr. has been tweeting about this, and I think more so than almost any other person, and he's been terrific on the issue.
00:14:42.000But I suppose the question that a lot of us have to ask is: why are Republicans not seizing this opportunity to cement themselves as the working class party?
00:14:58.000Republicans ask me all the time, well, how do we win the next generation?
00:15:01.000If you took a stand on this right now and you said we are going to demand that the agencies do not go after these young kids, that all of a sudden we look into the other insider trading activity, Republican Party popularity with young people will skyrocket.
00:15:55.000Why don't you listen to working class people and what they're trying to tell you?
00:15:59.000What they're trying to tell you, and albeit sometimes a clumsy way, and albeit sometimes it's difficult for rulers to understand what their subjects actually want, is that they're hurting, that they're working their tail off.
00:16:14.000They're getting up at 6 a.m. every day, trying to find work.
00:16:19.000Many of them are involved in the muscular class of our country to just see their earnings taxed to death, to see food prices go up.
00:16:30.000And what do they get from the government?
00:16:35.000They see the billionaire class increase their net worth by $500 billion over the last year.
00:16:43.000And when a couple out of work late 20 or early 30-somethings start to go play games with the market, which again, many of them will end up being held legally liable for it, they come down on them with the entire weight of the federal government.
00:17:03.000You know, you can manipulate medical data.
00:17:11.000You can manipulate and lie about the Chinese coronavirus.
00:17:18.000You can shut down schools and manipulate people's lives.
00:17:21.000You can even manipulate financial instruments if you have the correct firm assembled.
00:17:32.000But if you do this in big numbers and you try to manipulate an already manipulated market, that's when they start to come after you.
00:17:42.000The Republican Party better quickly learn that working class parties win.
00:17:48.000Right now, the Republican Party should have a press conference with every member of the Republican conference saying, we hear you, there's something wrong here with the economic anxieties of our country.
00:18:04.000And that we need some big serious changes.
00:18:06.000You know who is seizing on this opportunity?
00:18:08.000Who's seeing her popularity soar outside of being an absolute fool and accusing Ted Cruz of being a Columbine shooter style murderer?
00:18:16.000She actually did call him a murderer yesterday, attempted murderer.
00:19:11.000We'll be able to teach them something wrapped in idealistic platitudes, and the theft can continue.
00:19:20.000As the liberal Eric Weinstein commonly says, the idealism of a time is usually the cover for the theft.
00:19:29.000For example, we are the world in the 1990s.
00:19:34.000What a great cover for international globalist trade deals that destroyed the American worker.
00:19:42.000The peacetime kleptocrats that run our country, and that's what they are, peacetime kleptocrats have no concern for their fellow countrymen.
00:19:57.000They have concern for their campaign accounts.
00:20:00.000They have concern for their reelection chances.
00:20:04.000They have concern for their committee assignments.
00:20:07.000They have concern for what country we're going to invade next.
00:20:11.000That's a big priority for them, by the way, finding another sovereign country to go invade with our brothers and sisters in the armed forces who are American heroes.
00:20:25.000The populist energy that started in 2008 is not going away.
00:20:37.000And one of the main reasons it exists in the first place is because of government intervention in the economy, government intervention in the price system.
00:20:48.000The repealing of Glass-Steagall was a mistake.
00:20:51.000And yes, that is a deregulation, but as soon as you allowed investment banks and commercial banks be merged together, the incentive structure got screwed up.
00:20:59.000One of my dearest friends in the whole world, the former Mayor Lynch executive, completely agrees with me.
00:21:04.000He said that was one of the moments that everything changed for the worse.
00:21:07.000The Federal Reserve pumping in cheap money, the continuous big bank bailouts, all of it.
00:21:16.000And in 2008, it reached a boiling point when the financial crisis hit.
00:22:49.000No different than the Romans holding Coliseum events and throwing bread to the citizens to try and prevent them from revolting.
00:22:59.000But as the great Roman consul Cicero argued, who was a one-year serving Roman council and an author who I believe was actually murdered because of his beliefs, Cicero is one of the most articulate thinkers who actually came up with the three branches of government.
00:23:18.000He argued and he argued correctly because he saw the downfall of Rome before Roman became the Roman Empire.
00:23:24.000It was from the Roman Republic to the Roman Empire right before Julius Caesar declared the Roman Civil War when he crossed the Rubicon.
00:23:38.000He argued that without a strong middle class, without, as Aristotle called it, the golden mean, without a backbone of working people, the country will fall apart.
00:24:40.000I'm just telling you what it's called.
00:24:43.000Post-2008, there are people, tens of millions of people, that are different on social issues, but they're actually very much the same on their analysis of the direction of the country.
00:25:07.000You lie to us about nursing homes, which Andrew Cuomo did, and we'll get to that in just a second.
00:25:12.000You lie to us about economic data, and you get richer, and you never get held accountable.
00:25:23.000You see, working people are actually a lot smarter than you give them credit for.
00:25:27.000And one of the great slanders that is occurring right now is trying to slander every single Trump supporter in the country as if they're Viking shaman Chewbacca man that stormed the Capitol.
00:25:41.000As I said on Fox News a couple days after the Capitol tragedy, Trump supporters were saddened and outraged with what they saw.
00:25:50.000It's a narrative to try to invalidate the concerns of Trump supporters across the country, as if that was an embodiment of every single person out there.
00:25:59.000And the more we learn, the more we realize that there were non-ideological paramilitary instigators and agitators that were there before the president's speech that were there going to look for a fight, not trying to actually protest anything around the election in full military tactical gear.
00:26:41.000The rule in Washington, D.C., like Dr. Anthony Fauci or Chuck Schumer or Nancy Pelosi or Andrew McCabe, you mess something up, you commit a crime, and you get promoted.
00:26:54.000Andrew McCabe is making more money than he ever has his entire life, despite all the evidence that he acted in a nefarious way with the Russian investigation, crossfire hurricane against President Trump.
00:27:08.000So working people under the guiding thesis of we hate you, and we feel voiceless.
00:27:36.000And then all of a sudden, the financial elites are like, well, why are they coming for us?
00:27:45.000Republicans are failing this moment right now.
00:27:48.000They would be very, if they want to win back the House in 2022, go do a press conference and condemn the collusion practices that led to all of this.
00:27:58.000Democrats are the party of Wall Street.
00:28:25.000Well, just to be clear, what I said was that we have the Treasury Secretary is now confirmed.
00:28:30.000Obviously, we have a broad economic team.
00:28:32.000The SEC put out a statement yesterday that I referred to, but I don't think I have anything more for you on it other than to say, separate from the GameStop issue, the Secretary of Treasury is one of the world-renowned experts on markets, on the economy.
00:28:49.000Which shouldn't be a surprise to anyone she was paid to give her perspective and advice before she came into office.
00:28:57.000So the Biden administration is doubling down on a widely unpopular and broken, and some people would say rigged financial system.
00:29:06.000So Elizabeth Warren, who tries to be a crusader for the little guy, Elizabeth Warren, who goes around and says, we need to go hold Wall Street accountable and represent Main Street.
00:29:15.000She wrote a letter, I think this is to the SEC, is that right?
00:29:18.000To the Security Exchange Commission, where Elizabeth Warren said, quote, to what extent did online message boards such as that on Reddit or broader social media amplifications impact the fluctuation of GameStop prices?
00:29:30.000Did any of these practices violate existing securities laws?
00:29:33.000Here, Elizabeth Warren, I'm going to answer the question for you.
00:29:35.000It probably did break the law, and it, of course, contributed to the fluctuation.
00:29:39.000Why are you calling for an investigation into that?
00:29:42.000Elizabeth Warren is going after the Reddit traders in her recent letter to regulators.
00:29:50.000That's Elizabeth Warren, who pretends to be a fighter for the little person.
00:29:58.000In fact, her slogan was: dream big, fight hard.
00:30:12.000AOC is participating, albeit rather, let's just say, spot on for her.
00:30:20.000She's just, she's par for the course, accusing people of murder, so on and so forth.
00:30:29.000The energy is growing for what is going to either result in an even more robust MAGA movement that will continue this idea of putting America first and our workers first, or we are going to have a Bolshevik revolution, the likes of which none of us have seen before.
00:31:01.000I want you to imagine if the Democrats were organized.
00:31:05.000If I was a Democrat socialist, which thank goodness I'm not, you know what I would do?
00:31:11.000I would run and say that no one in America should have a net worth over $100 billion.
00:31:18.000And that net worth should be taxed and given for universal basic income and free college.
00:31:23.000They're already starting to do this, but their branding is so terrible.
00:31:51.000I remember my brother helping my father count pocket change on our kitchen table.
00:31:54.000That's all the money he had left in the world.
00:31:56.000When this was happening in my home, I saw the hedge funders literally drinking champagne as they looked down on the Occupy Wall Street protesters.
00:32:29.000I'd burn it all down just to spite them.
00:32:37.000The future of American politics rests solely on which political movement can seize all of this pent-up political, all this pent-up populist energy.