00:00:28.000We've talked about it before, but what does it mean?
00:00:30.000It's no longer a question of whether or not it's coming.
00:00:32.000It's a question of what do we do now that it is here.
00:00:36.000We also talk about some good news coming out of Lubbock, Texas, and so much more.
00:00:40.000Email us your thoughts, freedom at charliekirk.com.
00:00:43.000If you want to support our program, go to charliekirk.com slash support.
00:00:48.000I want to thank some of our generous supporters that have got behind our program and allowed us to continue to reach millions of people every single month through all of our different channels.
00:00:59.000I want to thank Kenneth from New York as a monthly supporter.
00:01:44.000We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country.
00:01:56.000There's a lot happening in the country, and this is kind of a grab bag day of news, what we call it.
00:02:00.000There's no dominant news story, so it could take us anywhere we want to go.
00:02:05.000There's a lot of people that are talking about Liz Cheney.
00:02:08.000A lot of people that are talking about this encounter between the Los Angeles police officer and some activist Karen who decided to just scream and call him a murderer.
00:02:21.000We're going to cover that story because I think it's really interesting and one detail that I think most people are missing.
00:02:26.000But I want to lead with some news that you would probably otherwise see on CNBC right now.
00:02:31.000And it's something that we've been warning about for quite some time here on our program.
00:02:35.000Again, what makes our program a little bit different is we go a level deeper.
00:02:39.000We try to explain the why, not just the what.
00:02:42.000We try to explain why these policies are being put into place.
00:02:47.000What is the driving cultural motives of the people that are in charge?
00:02:55.000So breaking this morning, what we have been predicting, and it is not a good thing for our nation.
00:03:25.000But Secretary Yellen, the Treasury Secretary, former head of the Federal Reserve, and soon to be advisor to Goldman Sachs.
00:03:34.000Just as soon as she exits, Goldman Sachs will have, I'm telling you right now, you'll be able to pull this tape here in two years, five years, or whatever many years.
00:03:42.000And there'll be this beautiful press release from Government Sachs.
00:03:46.000We are pleased to announce Janet Yellen is going to be coming on our board as the Equity Environment Diversity Advisor, soon to be employee of Government Sachs.
00:03:58.000She announced today that we may need to hike rates, interest rates, to stop the economy from overheating.
00:04:06.000Now, the economy is not in danger of overheating.
00:06:41.000We know that if you just increase the money supply and you do not have a correlating amount of goods and services being produced alongside of it, that does no good for the economic well-being of the nation of which you are in.
00:07:11.000They would only do that if they knew that the dollar they were borrowing last year was going to be worth less the year after that and the year after that.
00:07:27.000Have you noticed that restaurants, almost all of them have new facades and new aesthetics and exteriors?
00:07:35.000It's because corporate borrowing expanded so dramatically that many of these massive corporations saw the price of money and they saw looming inflation and they said, we're going to expand our balance sheets because we're going to do the renovations and the investments in our business right now because we know we're never going to get this opportunity to be able to borrow and have that forgiven through a deteriorating currency.
00:07:56.000At Berkshire Hathaway, CEO Warren Buffett, quote, we are seeing substantial inflation.
00:08:12.000They own Burlington Northern Santa Fe, which is one of the most corrupt deals done in modern American history as they shut down the Keystone XL pipeline so Warren Buffett can transport our oil transcontinentally.
00:08:23.000They also own Seas Candies, which was one of Warren Buffett's best deals.
00:08:28.000Warren Buffett is also a substantial holder in Coca-Cola.
00:08:34.000I think that price, for the first time, I think Coca-Cola is not going to be a blue chip stock because I am done drinking anything from Coca-Cola.
00:08:42.000Buffett also called out higher steel costs impacting Berkshire's housing and furniture businesses.
00:08:48.000Quote, people have money in their pocket and they're paying higher prices.
00:08:51.000It's almost a buying frenzy, noting that the economy is red hot.
00:09:01.000Those are two different things: prices and production.
00:09:05.000Quote: Clearly, we're dealing with inflation, is what mattress giant Temper Seeley said, like all manufacturers.
00:09:13.000Our business model is when we have input costs increases, we pass them on to the consumer.
00:09:19.000Proctor Gamble recently said they begin to hike prices on baby care feminine and adult products in the United States.
00:09:26.000Price increases will range from mid to high single-digit percentages.
00:09:32.000So, why is it that our leaders want inflation?
00:09:37.000I've commented on this before, but it's worth repeating because repetition is the soul of memory.
00:09:42.000And I wrote a piece for AmericanGreatness and Greatness.com, which is they're inflating the currency to try to create a chaotic situation for another 20 million people to come into the country.
00:10:00.000Inflation is forcing the hand for mass amnesty.
00:10:05.000Weaponizing inflation and immigration was my piece for AmericanGreatness.com.
00:10:10.000The same reason that the Democrats and the left do not want to abolish police, they don't.
00:10:17.000They want to replace it with a national police force.
00:10:19.000It's the same reason why they are forcing inflation because they're not going to want to tax our way out of inflation.
00:10:27.000They're not going to want to raise rates.
00:10:29.000Instead, they're going to want another 20 million people into the country strictly and solely for political benefit.
00:10:38.000It doesn't matter what your politics are or who you voted for.
00:10:41.000Everyone should have the right to express themselves freely.
00:10:44.000Sadly, the big tech monopoly has instead opted for censorship to fight back against big tech's control of the internet.
00:10:52.000Free-to-access tech giants make all of their money by tracking your search's video history and everything you click on, then selling off your sensitive data.
00:10:58.000When you use the ExpressVPN app on your computer or phone, you anonymize much of your online presence by hiding your IP address.
00:11:05.000That makes your activity much more difficult to trace and sell to advertisers.
00:11:08.000What's more, ExpressVPN encrypts 100% of your network's data to protect you from cyber criminals.
00:11:14.000And it just takes one click to protect all your devices.
00:11:16.000That's why ExpressVPN, that's right, ExpressVPN is rated number one by CNET and Wired.
00:11:42.000So the Democrats at all costs want to remake the electorate to make it more favorable to them.
00:11:49.000Tucker Carlson came under fire a couple weeks ago for stating the obvious, that Democrats have been saying the private part out loud.
00:11:57.000They are going to bring in more voters that agree with them and they will remake the electorate.
00:12:06.000And so the question is, how are they going to do that?
00:12:08.000And how are they going to create the situation that will warrant and almost necessitate more human beings into the country?
00:12:18.000And so one of the ways that you can deal with inflation is to raise interest rates.
00:12:28.000The collectivists and the totalitarians are not likely to do that anytime soon.
00:12:33.000Another way you could deal with inflation is to raise taxes.
00:12:37.000That is one of the ways that George H.W. Bush handled inflation that was present in 1990 and 1991.
00:12:45.000The third way to deal with inflation is to increase the amount of participants in the labor market.
00:12:53.000So for example, if you have 335 million people trading with dollar bills, therefore you divide the number of dollar bills by the number of people in your country.
00:13:07.000But if all of a sudden you have 360 million people trading with dollar bills, the money supply then gets spread out over more people.
00:13:16.000Therefore, the value of the dollar is held more in check.
00:13:26.000More people trading with dollar bills makes the dollar bill less likely to lose its value and to have an inflated price behind it.
00:13:37.000This is one of the reasons, by the way, that no one wants to talk about why George H.W. Bush dramatically increased legal immigration in 1991 to about 1.9 million people in one year.
00:13:50.000It was one of the ways George H.W. Bush was able to address inflation.
00:13:56.000It was the wrong way to address inflation, obviously, but it's a hedge against an increase in the money supply.
00:14:04.000So if you're like me, at first you said, what is the Democrats' agenda for wanting to create $6 trillion new dollars out of thin air in the last calendar year, which we have done on top of our $4 trillion federal budget with a $30 trillion national debt?
00:14:20.000And just so everyone knows, when I first started Turning Point USA and I first started going around to Tea Party groups in high school, listening to AM560 The Answer and so many of my friends to listen to this, the national debt was $8.5 trillion.
00:14:40.000The national debt was $8.5 trillion when I first started this crusade against big government.
00:14:47.000I can't say that I've won that battle.
00:14:55.000And so for the people that have always had the motivation, for the people that have always had the desire to remake the American political electorate, inflation creates the crisis that they do not want to go to waste.
00:15:08.000As Rahm Emanuel famously said, never let a crisis go to waste.
00:15:15.000But what if I told you then we have a new industry of people, of crisis manufacturers, people that create a crisis, and then they say, well, we can't let this go to waste to then implement our very radical political agenda.
00:15:30.000And you're seeing that happen with local policing because they want to enforce a national federal police force.
00:15:36.000Get rid of local police and make them retreat.
00:16:47.000If you guys are a mortgage, maybe you're looking to buy a home, do it why rates are low.
00:16:51.000Go to andrewandtodd.com, andrewandtodd.com.
00:16:55.000I want you to imagine Dick Durbin or Janet Yellen giving this hypothetical speech.
00:17:01.000We are on pace, by the way, for 8% inflation and maybe even more, which is bad for workers, it's bad for families, it's bad for savers, it's bad for people that played by the rules, it's bad for farmers, especially.
00:17:14.000My fellow citizens, a certain measure of inflation is understandable due to the necessary actions we took to combat the COVID-19 crisis.
00:17:22.000Janet Yellen would say, We took decisive measures that saved lives and saved the economy and continue to do so now.
00:17:29.000America is a nation of immigrants, and by embracing even more immigrants right now, this will not only help safeguard our precious legacy of diversity, it'll also ensure our economy is able to continue to produce goods at prices the most marginalized among us can afford.
00:17:45.000These courageous people are fleeing oppression, and Americans owe it to them to open our doors to them on that basis alone.
00:17:51.000But these noble and humble people are also willing to work jobs American citizens simply can't do.
00:17:56.000Not only is their bravery admirable, but their addition to the fabric of the American economy will help ensure all inhabitants of America can continue participating in the promise of our nation.
00:18:07.000To keep prices low and to keep us at full employment as a hedge against the economy overheating, we must increase legal immigration into our country.
00:18:18.000You could see them giving that speech.
00:18:20.000In fact, I guarantee you that speech will be given in some form or fashion in the next couple months.
00:18:27.000One of the biggest complaints I have about Republicans is they act as if the crisis in front of you was organically created out of thin air, black swan event.
00:18:36.000What if I told you that most of the crises that you are seeing is a chess move by the left?
00:18:44.000They manufactured it as a means to get to some desired political outcome.
00:18:52.000Let's listen to Milton Friedman on what he had to say about inflation, cut 33.
00:18:59.000In 1973, Japanese housewives going to market were faced with an unpleasant fact.
00:19:06.000The cash in their purses seemed to be losing its value.
00:19:12.000Prices were starting to soar as the awful story of inflation began to unfold once again.
00:19:21.000The Japanese government knew what to do.
00:19:24.000What's more, they were prepared to do it.
00:19:26.000When it was all over, economists were able to record precisely what had happened.
00:19:32.000In 1971, the quantity of money started to grow more rapidly.
00:19:37.000As always happens, inflation wasn't affected for a time.
00:19:40.000But by late 1972, it started to respond.
00:20:43.000Ah, in reversal, Biden raises limits on refugees.
00:20:47.000It was 15,000, now it's 62,500 refugees coming into America this year.
00:20:56.000On top of the 1,100,000 green cards we issue, on top of the 150,000 illegal entries across the southern border every single month.
00:21:13.000You create a crisis that can only be solved with your desired outcome, and Republicans play right into it every single time.
00:21:23.000And so for the Republicans that voted for these big spending bills, did they realize that they were creating the conditions to actually deteriorate the dollar, weaken American manufacturing, and force a situation that would give the Democrats more political power?
00:21:41.000You know, the Democrats, they're such frauds.
00:21:43.000They say that they care about black lives and Hispanic lives.
00:21:48.000Inflation is the worst thing for the workers imaginable.
00:21:52.000It's great for people that are able to move their assets quickly and adjust prices.
00:21:58.000Let's go to the next cut here of Milton Friedman.
00:22:00.000If you don't know who Milton Friedman is, he's a phenomenal economist, a monetarist, very smart.
00:22:06.000I think he was a little bit too pure on trade because I don't think he weighed the national consequences of unlimited international trade, but he was very good on inflation, amazing on the price system.
00:22:19.000I actually think that Milton Friedman would come around and agree with some of the modern day adjustments to trade policy just to be able to save the nation, of which he loved play tape.
00:22:30.000Japan had attained relative stability.
00:22:33.000Unfortunately, there's no way to avoid the difficult road the Japanese had to follow before they could have both low inflation and a healthy economy.
00:22:44.000First, they had to live through a recession until slow monetary growth had its delayed effect on inflation.
00:24:24.000The quality of the things we're buying is marginally better, if at all.
00:24:29.000And we're not producing significant new hardware in our country, things you can touch and feel.
00:24:34.000In fact, there's a massive supply crisis when it comes to automotives, textiles, corn, lumber.
00:24:43.000Maybe it's because we've decided to educate our most valuable young people, most valuable resource or asset, I should say, which are our young people, and send them to college and have them study things that don't matter to find jobs that don't exist with money they don't have.
00:25:01.000Imagine if we instead said to 3 million people a year, don't go to the University of Minnesota, don't go to NYU, and don't go to UCLA.
00:25:10.000Instead, go become a plumber and a welder.
00:25:14.000People right now that are working with their hands, it is a renaissance period for the muscular class in our country.
00:25:20.000You can't find enough people to be able to do carpentry, fix exposed wiring.
00:25:30.000It's because that's a skill set that is now understood by an ever-decreasing part of the American population.
00:25:43.000And I also reject this idea that there are jobs that Americans just won't do.
00:25:48.000I think there are jobs that our upper middle class, elitist mindset won't let our children do.
00:25:56.000You know, I was just in Seattle and I was talking to a group and I said, because it's definitely a neighborhood where everyone must go to college.
00:26:05.000That's kind of the ethos of where I spoke.
00:26:07.000And I said, many parents in our country do not want their kids to work construction.
00:26:13.000Many parents in our country, they would much rather have their children become secular liberals at a university than become a plumber, a welder, an electrician, or a carpenter.
00:26:24.000And that's actually where the money is.
00:26:27.000And so as we're seeing these sorts of effects on our country, what can you do with?
00:26:33.000Well, if you have any resources at all, buy things you can touch that are valuable.
00:26:39.000But when you start to see Bitcoin get as expensive and valuable as it has, cryptocurrency, people are basically indicting the dollar in real time.
00:26:50.000Now, some people speculate this is all part of the great reset.
00:27:17.000All we had to do is reopen every single state like Ron DeSantis did in May of last year, and none of the stimulus spending was necessary at all whatsoever.
00:27:27.000Instead, we should have just cut taxes on the demand side.
00:27:30.000We could have adjusted taxes on the supply side.
00:27:33.000And the one thing that President Trump should have done is I think he should have given an address to Congress in June of last year, called Congress in, or done it through Zoom or whatever, and he should have presented a self-sufficiency investment bill.
00:27:49.000And he should have put Democrats on defense and campaigned on it in the summer of 2020 saying, I want to make sure penicillin, vitamin C, lumber, steel, solar panels, cars, microchips, and valuable essential minerals are all made in America, and I'm willing to subsidize it, tariff it, whatever you call it.
00:28:08.000We are never having to go overseas for things that matter again.
00:28:11.000That would have been a winning political issue instead of just corporate tax cuts and deregulating businesses that don't share our values and declare economic warfare on our fellow countrymen because Georgia decides they want to require you to say you're to require you to show who you are when you vote.
00:28:31.000So there's very little you can do once the masters of the universe decide to inflate your currency.
00:31:36.000Yeah, Governor Whitmer went to Florida.
00:31:39.000How does anyone allow this to actually continue?
00:31:42.000That Governor Whitmer comes to the open state of Florida to go enjoy an open state while she keeps her own citizens locked down.
00:31:51.000I do not remotely comprehend how people are tolerating this in certain states.
00:31:58.000But if anyone can explain to me at least the optics or the framing of that picture, while Joe Biden, why Joe Biden looks like Mutumbo and Jimmy Carter looks like Bilbo Baggins, I'm just, it's been bothering me.
00:32:28.000I actually spoke there with my good friend Betty Cardenas last year.
00:32:32.000They have become the first city in the country to be a sanctuary city for the unborn.
00:32:39.000And now, of course, Planned Parenthood is suing.
00:32:41.000They won 62% to 38% against the one in favor of this.
00:32:47.000The passage of the ordinance makes Lubbock one of some of two dozen cities, I'm sorry, it's the first city in Texas that has declared themselves a sanctuary city for the unborn and prohibits abortions from being performed locally.
00:32:59.000But none of the cities in the movement, which started in the east town of Wascombe in 2019, has been as big as Lubbock.
00:33:08.000This is the only way things are going to start to change when we start to play offense.
00:33:12.000This is the biggest city to do it to date.
00:33:15.000And so if the left can all of a sudden make sanctuary cities against federal immigration law, then we can make sanctuary cities for the unborn.
00:33:24.000And this is significant because it's Texas Tech University as well.
00:33:28.000And Planned Parenthood is suing, but they're on defense.
00:33:32.000And that's a good lesson and a good posture for all of us to take, which is that we must play offense and put forward our values and our ideas where they matter most.
00:33:42.000Thanks so much for listening, everybody.
00:33:44.000Email us your thoughts, freedom at charliekirk.com.
00:33:47.000And if you want to support us, it's charliekirk.com/slash support and get involved with TurningpointUSA at tpusa.com.