00:00:53.000We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country.
00:01:16.000Well, as we just spent quite a lot of time on, you would keep the borders open, you would destroy the rule of law, you'd get involved in petty foreign conflicts, you would demoralize the citizenry, you'd indoctrinate the youth and break the bond between children and parents.
00:01:33.000The thing that has been happening in real time, in addition to all of that, that is incredibly important to focus on, is you would debase the currency.
00:01:43.000Sound money is a critical piece of the social contract.
00:01:47.000If you do not have sound money, if you do not know whether or not your dollar is going to be worth the same amount a year, five years, or 10 years, at least relative in a relative way, then all of a sudden you're going to be living in a place of chaos and uncertainty, which of course is the preferred posture of tyrants, authoritarians, dictators, and despots across the planet.
00:02:28.000$6 trillion of additional federal spending in the last two years.
00:02:32.000In a time where we went towards a hyper-technological approach to our economy, where we shut down the economy, where physical production went down, especially for restaurants, for hotels, for travel, whole portions of the economy totally and completely locked down.
00:02:49.000And then you have a massive influx of created dollars.
00:02:55.000Now, if you guys can get the exact number of the new dollar bills created, because there's a debate, we get fact-checked on this.
00:03:02.000We're very committed to the truth here on this program.
00:03:04.000But debasing the currency allows for bigger government programs.
00:03:09.000When you have debt, you have three ways you can get out of debt.
00:03:12.000You can cut spending, you can raise taxes, or you can inflate your way out of it.
00:03:19.000So if you have a mortgage, if you have a lot of debt, a lot of credit card debt or student loan debt, believe it or not, this inflation news is not terrible for you.
00:03:29.000Now, it's bad because your purchasing power is going to go down, but people with sizable debt burdens actually do really well in inflation.
00:03:37.000This is exactly why corporate borrowing increased by $600 billion in the midst of the pandemic.
00:03:43.000Really smart CIOs, chief investment officers of these companies, sent out memorandum after memorandum telling companies like Chili's, Target, front-facing companies, back-facing companies, whatever, hey, go borrow money now.
00:04:13.000It's because there was a significant amount of borrowing that happened at the corporate level because they knew that they were never going to get this chance again of low interest rates.
00:04:22.000And the debt actually becomes worth less as the currency also deteriorates.
00:04:29.000For example, if you have $100 million in debt, let's say you had $100 million in debt in 2019, and every year there's a 10% inflation rate.
00:04:40.000Well, that debt actually decreases by 10% every year that inflation.
00:04:46.000Now, it doesn't decrease as if 100 million becomes 90 million.
00:04:49.000No, but if the money supply increases and you have more dollar bills, but your debt stays the same, it actually works to your advantage.
00:04:57.000And this is exactly why millennials and Generation Z, they're going to become radical socialists if conservatives don't get their act together here.
00:05:05.000Because that works really well if you're owning property and you actually have debt against assets, not against liabilities.
00:05:12.000So, for example, debt against liabilities would be like credit card debt.
00:05:17.000These are assets that you bought or they're liabilities that you added to your balance sheet that largely do not increase in value over time.
00:05:27.000Now, there's some obvious exceptions to that.
00:05:31.000Medical debt actually does increase over time because you're alive, so you could still work.
00:05:47.000Most credit card debt are things that do not appreciate over time.
00:05:51.000Their experiences, their movie tickets, Super Bowl tickets, things like that.
00:05:54.000I'm not against that, obviously, but that's not a good place to put your money if you can't afford it.
00:06:00.000But there's good debt where you actually borrow against assets, like you're borrowing against your business, or you're borrowing for your home.
00:06:09.000And actually, the entire tax code is designed to actually benefit home loans.
00:06:13.000So, if you have a debt burden against assets and the asset actually increases in value because there's more dollar bills, and your debt burden actually decreases because there's more dollar bills, who actually has that?
00:06:23.000The biggest corporations and multi-billionaires took advantage of this.
00:06:27.000Everyday people, most everyday people we work with at Turning Point USA, especially the 28, 29, and 30-year-olds, they don't own anything.
00:06:34.000So, it is a, let's say, perfect storm.
00:06:56.000So, in order for Connor to live the same way he did last year without building actually his net worth, and by the way, it's Connor's not alone.
00:07:03.000There's like 25 million people in the position that Connor's in.
00:07:06.000They have to make $600 more just to be able to live in the place they were living.
00:07:11.000And that place he was living was not actually building wealth and it wasn't a good level of debt.
00:07:15.000So, you're seeing this bifurcation of American society of people that own property and were able to get into the game before the pandemic or in the midst of the pandemic or a reaction to the pandemic.
00:07:25.000And a whole generation of people that will soon be rent control-demanding property redistribution socialists and conservatives are totally missing this.
00:07:38.000Cut 94, inflation up 7.5%, the highest since 1982.
00:07:43.000And by the way, I don't believe their inflation numbers.
00:08:22.000He actually started the Tea Party movement way back when by complaining about the very same policies we're going to get ourselves back into.
00:08:30.000I am really frustrated about this because I was lectured by several people in the last year, not lectured, but private conversations of people that told me that inflation is no big deal.
00:09:02.000You don't create more chicken or ground beef or steak.
00:09:05.000So therefore, the things that you do not have a lot of become harder to find.
00:09:09.000Therefore, the price goes up of those things.
00:09:12.000When you debase your currency, the people that are in the business of producing goods or services that are finite will do even better, aka the rich and the wealthiest people.
00:09:24.000So let me tell you another thing that's really important with this.
00:09:27.000So we're talking about that which is limited and that which is unlimited.
00:10:03.000But this is another reason why young people and students are going to get crushed and squeezed by inflation because the skills they have, the labor themselves, is actually worthless because they went to college and got a meaningless piece of paper.
00:11:14.000He sits on the Turning Point USA Advisory Board.
00:11:16.000Go to mypillow.com, promo code Kirk, mypillow.com, promo code Kirk.
00:11:23.000Entrepreneurship and new products is a hedge against inflation.
00:11:27.000When you create new things, all of a sudden that can bring prices down.
00:11:31.000But when you have entire labor markets of young people that have the same sort of meaningless skills of being able to recite why America's racist or the BLM creed or how many different genders or pronouns there are, whatever they teach at universities now these days, which is largely useless.
00:11:47.00090% of kids that go to college should not go to college, which is a theme that we will build out more in the coming months as my book is coming out.
00:11:54.000Then all of a sudden, then you have a whole generation of people that rent and they don't own.
00:12:00.000They have somewhat useless skill sets, and they now have to try to keep up with the rate of which prices are going up.
00:13:24.000We know labor costs probably aren't going to be going down anytime soon, even though they are far from, at least at this point, competing with the actual rate of inflation.
00:14:06.000Like, I'm talking about European Scandinavian high taxes than inflation.
00:14:14.000I would rather be able to plan what my currency is worth and what it will be worth and have to pay confiscatory taxes on top of that rather than a frenetic tax increase of chaos, unpredictability.
00:14:31.000There is nothing beneficial to the everyday working man when it comes to the deterioration and the debasing of the purchasing power of the dollar in your pocket.
00:14:46.000Laducci, you recently wrote an article for Forbes in which you stated: quote: Vegetarians can cope with inflation better than steak eating Ford F-150 owners.
00:14:56.000And you suggest that for Americans to survive inflation by switching from expensive things to cheaper things and liking it, wouldn't it be better to adopt appropriate monetary policies such as reining in out of control, spending, and debt, rather than forcing people to abandon their preferences, not eat steak, not drive trucks, change their lifestyle?
00:16:16.000The barter system is coming back because people don't know what anything's worth anymore.
00:16:20.000And our politicians created it intentionally to try to usher in the great reset and the destruction of the muscular, blue-collar middle class.
00:16:32.000As you know, going online without ExpressVPN is like leaving your kids with the nearest stranger while using the restroom.
00:16:38.000Most of the time, it's probably fine, but you never know who you're trusting.
00:16:41.000That's why you need to be using ExpressVPN.
00:16:44.000Every time you connect to an unencrypted network in cafes, hotels, and basically any network that's not your own, your online data is not secured.
00:16:52.000Any hacker on the same network can gain access to it and steal your personal data.
00:16:56.000ExpressVPN creates a secure encrypted tunnel between your device and the internet so that hackers cannot steal your data.
00:17:03.000Hackers can make some serious cash selling personal information on the dark web.
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00:17:29.000We like to talk about issues that go a level deeper and talk about trends that we are seeing happen in real time.
00:17:37.000And someone who's a great friend of mine and a friend of this program, Keith Rose, came on back in November and warned us about a fertilizer crisis that was coming to America.
00:17:49.000We received lots of emails from people mocking us, saying that's not true.
00:17:56.000Let's play cut 105 before we welcome Keith to the program.
00:18:00.000This is back from November, PlayCut 105.
00:18:03.000We're going to go into a lot of different issues, but he really piqued my curiosity.
00:18:06.000We were talking the other day about something that everyone needs to be aware of about not just the supply chain issue, but there's another shortage issue.
00:18:13.000And remember, we are nine meals away from anarchy.
00:18:16.000And if there is a fertilizer shortage, we're going to have some big problems.
00:18:20.000It used to be fertilizer was $350 a ton.
00:18:54.000Well, Charlie, as you allude to a lot with this new green deal and the pressure put on energy companies, the price of natural gas continued to rise.
00:19:05.000And as LNG liquefied natural gas prices rose, the price of fertilizer began to rose to where it became really prohibitory to actually produce fertilizer because most of the fertilizer in the United States is nitrogen-based.
00:19:19.000So you have to make it with natural gas.
00:19:22.000And when that was happening, we were talking about the spike in prices.
00:19:26.000And the largest producers of fertilizer or the precursor chemicals for that are in Russia and China.
00:19:34.000We don't exactly have our best national interests.
00:19:38.000And Russia and China had shut us off, I believe, in November.
00:19:44.000And the largest fertilizer supplier was CF Industries, and they had cut production dramatically.
00:19:50.000And as we spoke about, we thought it could be the perfect storm.
00:19:54.000Add on top of that, the transit disaster, because you have truckers in the supply lines that aren't functioning because they can't get goods to market because of the blockades or the man-made disasters on the coastlines.
00:20:46.000We and a lot of our major corporations decided that instead of warehousing what we needed, they would shorten the supply chain to increase their profit margins.
00:20:59.000The problem is the way they shortened the supply line was to rely more on foreign production in China and for fertilizer in Russia as well.
00:21:08.000And so while we're coming out of a pandemic that started in China, we are now caught on the short end of the stick, literally for fertilizer.
00:21:18.000And the American people I know are reeling from a man-made medical issue.
00:21:24.000Now we're going to deal with a man-made food shortage.
00:21:28.000And I've been in other countries when that happens, and it gets ugly really fast.
00:21:42.000Just kind of give us your analysis of the lay of the land.
00:21:45.000Where do you think are some of the great vulnerabilities for the regime?
00:21:48.000What are you seeing that is giving you hope, giving you optimism?
00:21:51.000And what do you think are some of the things we really need to focus our energy and resources on?
00:21:56.000Well, my hope is in God right now because our border is wide open.
00:22:02.000There are several areas down there, ironically enough, that used to be fracking regions, especially in South Texas called the Eagleford Shale region.
00:22:10.000And they have a lot of paved, developed internal roads and networks or arteries of roads that can go all through Texas.
00:22:19.000And now you have an open border where someone could drive a semi-truck full of anything or everything and easily get it up into the United States.
00:22:30.000That on top of the fact that we left $80 billion in lethal aid in a country that Iran, which is one of the largest exporters of terrorism in the world, and Pakistan, who's trying to rival them for that, have access to.
00:22:46.000And with open southern borders, to me, it's concerning.
00:22:49.000And then when you see the regime talk about our biggest threat, they just released the other day is internal.
00:22:57.000It's voting rights or misinformation or disinformation, which we all know is anything taken in the context of the actual reality is misinformation if it goes against the narrative.
00:23:09.000And it's like you've talked about many times.
00:23:12.000It's not politics we're talking about here.
00:23:14.000It's when people are going to understand and get along in their American identity and understand that our entire nation is being subverted and divided.
00:23:24.000What is the best way then to do a counter move to the subversion?
00:23:28.000I mean, you have a lot of experience of that, looking at that in foreign countries.
00:23:32.000I mean, I went to Yuma yesterday, Keith, and I was blown away at the intentional policies by this regime to allow our borders to remain open.
00:23:41.000To also, Border Patrol has become almost nothing more than a paper processing center for amnesty to give people the paperwork so they can get in-state tuition, driver's licenses, and vote in New York and California.
00:23:52.000What is the best way to kind of execute that counter move?
00:23:56.000The best way is what you're seeing in Canada, Charlie.
00:24:00.000When you see mass movements of people based on an issue, the issue in Canada isn't the individual tyrannical moves of the Trudeau government.
00:24:28.000If you had thousands, tens of thousands, hundreds of thousands, dare I say millions of Americans going peacefully to the streets and saying, you know what, enough is enough.
00:24:51.000We're hurting the future development of our nation.
00:24:55.000And we have something that Canada doesn't even have.
00:24:57.000We have a constitution that is going on 245 years that spells out the separation of each branch of government.
00:25:05.000It spells out not what we can do as Americans, but what government can't do.
00:25:10.000And so what we have to do is rally around our national identity.
00:25:16.000And that's the Constitution, the Bill of Rights, and the Declaration of Independence.
00:25:21.000Because although we are a nation of multiple cultures, we're not a multiple culturalism nation where we have cultures where the culture is more important than the national identity.
00:25:34.000And that's always been the tie that binds.
00:25:36.000You could be from anywhere in the world.
00:25:57.000The rise of the citizen is a real thing.
00:25:59.000You know, what we're seeing in the suburbs of Chicago right now is you're seeing dozens of schools that are doing massive walkouts under mask mandates.
00:26:07.000At Turning Point, USA groups are doing this.
00:26:10.000We're seeing this happen in California, Washington.
00:26:12.000We're about to announce my visit to Chicago next week to help give these students reinforcement.
00:26:17.000This is the type of energy that we need.
00:26:19.000And it seems as if that's the sort of activity that makes the regime very nervous.
00:26:25.000When immigrants came to this country, Charlie, in 1941, they got the American Handbook for immigrants.
00:28:20.000Next to everything, you continue hiding behind others instead of leading and fighting for the kids that need you the most.
00:28:27.000You've left them behind while you say that there's no lost learning.
00:28:31.000The vulnerable, like my daughter, have lost, and she won't get these things back.
00:28:38.000Now, I do not mean to be cruel, but he's right.
00:28:42.000He did not fight hard enough, and he let this happen to his daughter.
00:28:45.000But it's a heroic and a courageous action he took to admit that and to say that out loud.
00:28:51.000So after the father was done talking, board member Kristen Fitzgerald reminds the crowd that everyone in the room needs to be wearing a mask.
00:29:01.000Hey, I'm going to write before I start, before we start, I'm just going to remind all individuals in this audience and in our overflow rooms need to have on a mask.
00:30:29.000Their prices are reliably low at rockauto.com always offers the lowest prices possible rather than changing prices based on what the market will bear like airlines do.
00:30:38.000Rockauto.com is a family business serving auto parts customers online for 20 years.
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00:31:15.000They are the front lines of liberty and freedom.
00:31:18.000And we want to try to inspire parents to fight as hard as these students.
00:31:22.000If you are a parent or a grandparent listening to this, I want to try to encourage you to fight as hard as these students.
00:31:29.000Ethan Liu, turning point USA chapter president, I believe I met him last week, really great guy, spoke boldly to the Flagstaff Unified School Board members, calling them to unmask the children.
00:31:40.000I can guarantee that in the next couple of months, more and more students will join to end these mask mandates.
00:31:46.000If schools across the nation can hold block over gun violence like when I was in high school, I see no reason why students should do the same thing masculine schools.
00:34:12.000The visual was unbelievable for everyone watching on rumble.com, R-U-M-B-L-E.com, where they are carrying diesel fuel into downtown Ottawa.
00:34:26.000CNN asks, are you concerned about the double standard on masks may come off where they are required in schools, but not for that for hurt Democrats?
00:34:34.000Democrat Sean Maloney doesn't phase him.
00:34:38.000Congressman, are you concerned about how the double standard on masks may come off, where they're required in schools for kids, but not for adults in the same states?
00:34:50.000You know, I think a majority of CNN's viewership is, of course, airports, but also the cuts of their insanity of things that happen on their network.
00:34:59.000I actually think that they have a massive residual viewership.
00:35:03.000Now, they're not able to monetize that, obviously, because they can't sell ads on it, but just the mockery and the cutting and the splicing is pretty amazing.
00:35:13.000If you are in Chicago and you have a child in public school, encourage them to engage in this generation's equivalent of civil disobedience.
00:35:22.000Masking our children has never been supported by science.
00:35:26.000It is terrible for their upbringing, for their spiritual, for their mental, and for their emotional health, spiritual, mental, emotional, physical health, every form of health.
00:35:36.000And for parents out there, I'm going to encourage you to please fight harder.