00:00:45.000His spirit, his love of this country, he's done an amazing job building one of the most powerful youth organizations ever created, Turning Point USA.
00:00:54.000We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country.
00:01:05.000Brought to you by the Loan Experts I Trust, Andrew and Todd at Sierra Pacific Mortgage at AndrewandTodd.com.
00:01:14.000We're not going to lead with what happened last night.
00:01:17.000Front page of the New York Times panel says Trump-led attempted coup.
00:01:22.000That is not going to be our lead today.
00:01:23.000We are going to have Darren Beattie to help unpack what we might not be talking about when it comes to this.
00:01:29.000I encourage you to listen to our sister episode that we posted.
00:01:33.000Six questions the panel or the January 6th committee will not talk about.
00:01:36.000But instead, I'm going to talk about something that impacts all of you.
00:01:39.000We should have prime time hearings about this.
00:01:41.000We should have prime time hearings about the fact that Americans are getting poorer despite making good financial decisions.
00:01:51.000So, one of the moral reasons why inflation is so treacherous, one of the moral reasons why inflation is so bad for a society, is that people's good economic decisions will still get punished.
00:02:05.000The moral argument for sound money is that you want people who save, people who spend prudently, people who do not live above their lifestyle, to be rewarded for doing that.
00:02:18.000You see, the West has been built on a principle of delayed gratification.
00:02:24.000Not every country believes in delayed gratification.
00:02:27.000Delayed gratification is what built this civilization that we are living through.
00:02:33.000It means that I am going to work hard today, understand the costs to me and to my time, but tomorrow my children or my grandchildren will be able to enjoy the input, the labor, the risk that I put into a marketplace.
00:02:52.000So let's just make sure we define our terms.
00:02:54.000And we've done many shows on inflation.
00:02:56.000This one will be similar in some sense, but totally different in other ways.
00:03:00.000So we're going to talk about where inflation is today, what we could do about it.
00:03:05.000Well, inflation, put simply, is the decline of purchasing power of any given currency over time.
00:03:11.000It happens when there is more dollar bills than there is value in the economy.
00:03:17.000Now, for those of us that are conservatives, we do not like centralized power.
00:03:21.000We do want a small yet strong government.
00:03:24.000But one thing where I think conservatives have gone wrong over the last 30 or 40 years, and something that I would probably find common cause with libertarians on is monetary policy.
00:03:35.000My monetary beliefs have changed very little over the last 10 years.
00:03:39.000There's other things I've changed beliefs on.
00:03:44.000But in fact, I have become more of a monetary hawk over the last 10 years as I realize that central banks are the ones that truly control human behaviors.
00:03:54.000Now, Austrian economics, from the writings of Murray Rothbard or Ludwig von Mises or F.A. Hayek, I got my start reading the literature from these authors and from these thinkers.
00:04:06.000Some of what they write about is profound and brilliant.
00:04:08.000Some of it is, quite honestly, silly and utopian and is never going to happen.
00:04:13.000But in particular, there is one belief that the Austrian economics, the economists and Austrian economics, I think, gets perfectly.
00:04:21.000Something that I think deserves our appreciation and our study.
00:04:24.000Now, this comes to a belief or a school of thought called praxeology, which is essentially the study of human action, which actually was the title of one of Ludwig von Mises' books.
00:04:34.000One of the arguments of Austrian economics is that interest rates actually determine human behavior.
00:04:41.000That it's not just some sort of number on a balance sheet.
00:04:44.000It's not some sort of abstract thing that when you lower interest rates, you're going to get secondary, tertiary, and unlimited amount of other impacts or, let's say, other costs associated that you might not have expected.
00:04:59.000That interest rates must be taken very seriously.
00:05:04.000Well, interest rate is the price of money.
00:05:06.000It is the cost that is required to borrow money.
00:05:09.000So when interest rates go down, people borrow more money.
00:05:12.000But what also happens is that people are going to engage in reckless economic behavior.
00:05:17.000When interest rates go down, people are going to buy things they shouldn't.
00:05:20.000They're going to borrow more than they probably should.
00:05:24.000They are going to buy boats or second or third homes.
00:05:27.000When interest rates go down and money is cheap, let the good times flow.
00:05:33.000However, when interest rates go up, the opposite happens.
00:05:36.000All of a sudden, the economy starts to tighten.
00:05:38.000So as interest rates go down, by definition, the money supply is usually typically going to increase.
00:05:45.000Inflation is the measurement, is how we measure whether or not the amount of money in the economy is correlated with the goods and services that are already there and also going to be produced.
00:05:59.000Now, inflation is something that is such a silent killer because everyday Americans have very little they can do about it.
00:06:08.000Now, there's some things you could do to be defensive about it, certain asset classes you can engage in.
00:06:55.000But let's be honest, someone earning $55,000 a year right now in Phoenix, Arizona, or in Dallas, Texas, or in Atlanta, they're not going to be able to have the liquidity to be able to diversify in the asset classes that are necessary.
00:07:07.000They're getting poorer every single day.
00:07:12.000Inflation is a massive wealth transfer between the workers and the asset class owners.
00:07:17.000If you really want to stick it to the rich, if you really want to tax the rich, the worst thing you could possibly do is engage in an inflationary cycle.
00:07:26.000In fact, inflation is a gift to the rich.
00:07:29.000Inflation is a gift to the people at the top of the income ladder because they'll just move their assets quicker to places where they can adjust their rates.
00:08:34.000Your government, some Republicans and all Democrats, Republicans agreed with some of these spending bills, but not all of them, decided to artificially intervene with anywhere between $5 to $7 trillion.
00:08:46.000Now, one of the great complaints I have is the economic illiteracy that plagues the Republican Party and the conservative movement.
00:08:54.000Milton Friedman said there should be two requirements for a politician, that every politician takes an economic course and that every politician passes the economics course.
00:09:04.000The lack of economic literacy is destroying the country.
00:09:10.000Now, some people in leadership understand what they're doing.
00:09:14.000They want to do it anyway because they want to usher in a great reset and a currency obliteration agenda.
00:09:20.000So right now, today, inflation, the latest inflation numbers, 8.6%.
00:09:26.000That is way lower than what it actually is.
00:09:29.000The real inflation rate in America is probably between 25 to 30%.
00:09:39.000As we've talked about in a previous show, it's actually good the government is lying to us about this because local governments have to adjust their salaries and adjust their benefits based on the national inflation rate, which would bankrupt local governments and local communities.
00:09:54.000So actually, there's a benefit to the fact the government is so dishonest when it comes to inflation, but don't believe that number.
00:10:32.000We're gathering a coalition of 1 million patriots to say no to court packing, no to the liberal agenda, and no to the Supreme Court coup.
00:10:40.000Franklin Graham, former U.S. Attorney General Ed Meese, Dr. James Dobson, the Family Policy Alliance, so many others, and 400,000 people like you are all on board.
00:11:15.000I think I was wrong then about the path that inflation would take.
00:11:21.000As I mentioned, there have been unanticipated and large shocks to the economy that have boosted energy and food prices and supply bottlenecks that have affected our economy badly that I at the time didn't fully understand.
00:11:41.000Yeah, there's not much you do understand, Janet Yellen.
00:11:46.000Janet Yellen has been a lifelong academic.
00:11:50.000She thinks you can master plan an economy from her perch in Ivory Tower.
00:11:57.000She was a member on the Federal Reserve Board of Governors from 1994 to 1997.
00:12:02.000It's a really interesting thing studying Janet Yellen.
00:12:06.000Janet Yellen has never had to make payroll for a business.
00:12:09.000Janet Yellen has not ever been in the weeds of what it takes to actually take a massive risk with capital overlays.
00:12:20.000Graduated from Brown University, earned her Ph.D. in economics from Yale, taught as an assistant professor in Harvard.
00:12:27.000She began working at the Federal Reserve Board as an economist from 77 to 78 before joining the faculty at the London School of Economics.
00:12:35.000She then became professor emeritus at the Haas School of Business at the University of California, Berkeley.
00:12:41.000She then became a board member of the Federal Reserve Board of Governors, chair of the Council of Economic Advisors, executive officer of the Federal Reserve Bank of San Francisco.
00:12:51.000And then Obama put her as the vice chair of the Federal Reserve.
00:12:55.000And then eventually, one term, she succeeded Jerome Powell.
00:13:00.000And now she is the Treasury Secretary of the United States.
00:13:04.000She's done nothing useful in her entire life.
00:14:22.000Makes him more qualified, then I have to say, than Janet Yellen.
00:14:26.000He was the under-tressure, under domestic treasury secretary for domestic finance under George H.W. Bush, was a visiting scholar at the bipartisan policy center, member of the Federal Reserve Board of Governors.
00:14:40.000You kind of have another lifelong academic and government bureaucrat.
00:15:46.000It just gets done by your leaders and you're supposed to take it.
00:15:50.000It's a massive wealth redistribution scheme between the asset holders and the workers.
00:15:55.000Every day you work, you are getting poorer.
00:16:01.000Families across the nation are experiencing the Homeschool Awakening.
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00:16:12.000Kirk was recently quoted by saying, The pandemic made parents grossly aware of what the public schools are teaching our kids.
00:16:18.000It's up to us, the parents, to cultivate the hearts, souls, and minds of our children.
00:16:22.000Today's public school system is not working for us.
00:16:26.000Public education has become public enemy, number one, and I could not agree more.
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00:16:38.000It provides honest answers to the homeschooling most frequently asked questions.
00:16:42.000Kirk Cameron presents the Homeschool Awakening, coming to theaters this June for two nights only on Monday, June 13th and Tuesday, June 14th, 7 p.m. local time.
00:16:51.000For tickets and information, visit thehomeschoolawakening.com.
00:17:10.000I don't know if you watched the cable television program last night, the January 6th committee hearings.
00:17:17.000I watched about three minutes' worth and stopped watching.
00:17:20.000Everyone has different opinions on how we should respond to this.
00:17:24.000But someone who has done probably the most significant work in regards to investigative journalism alongside Julie Kelly is Darren Beattie.
00:17:34.000Darren Beattie has done the tough stuff of going deep into these stories and trying to find out what was the federal government's involvement on January the 6th, if at all.
00:17:43.000This is a question that everyone should want answered, by the way, regardless of your political affiliation.
00:18:10.000And there's really no easy answer to that.
00:18:14.000I actually talked about this the other day.
00:18:17.000And my position is essentially that most people should ignore it.
00:18:24.000Most people should ignore this precisely because a large part of this is simply distracting from things that the regime would rather we not think about and talk about and occupy real estate in our consciousness, largely pertaining to the manifest failure of the Biden regime across a number of dimensions.
00:18:46.000And so I do think we should be very aware of the diversionary component of all of this and get our priorities in order and understand, look, this is not worth talking about compared to a lot of other things.
00:19:10.000And the however is for the handful of people who are well informed on this issue, I think it's critical to speak out because we're not going to hear anything of importance from the committee, for instance.
00:19:25.000But I do think that getting to the heart of January 6 is not only explosive, it is really a precondition for reoriented, reorienting our political position in a way that we can win.
00:19:42.000And the reason for this is it's no secret from Revolver.news' reporting.
00:19:47.000If people have heard the thesis that the feds were involved in this, that comes from us.
00:19:54.000The revolvers reporting is the reason that this is part of the national conversation.
00:19:58.000And so I understand that just to suggest this is shocking and even offensive to people, including a lot of conservatives who don't want to go that far and entertain the possibility that their own government could be that really evil and malicious.
00:20:18.000And to make the full case would run outside the scope of our time here.
00:20:24.000But I'd encourage everyone, especially those who are kind of scandalized by the mere suggestion here.
00:20:31.000As I said on Tucker last night, take the challenge.
00:20:40.000Go to revolver.news, read the top story there, and most importantly, watch the video.
00:20:48.000The videos that we've compiled speak for themselves.
00:20:51.000And if you read that report and if you've watched the video, there will be no way that you can look me in the eye or look other people in the eye and say there's no federal involvement here.
00:21:44.000It might seem like a nothing burger, but this is a major pretext that our government is using upon which to reorient and reconfigure its entire national security apparatus against the American people to treat people as domestic terrorists simply for being Trump supporters or even for objecting to the regime in a variety of ways.
00:22:08.000This is the reason we have the ill-fated and now at least temporarily defunct disinformation governance board.
00:22:16.000It was to address disinformation pertaining to the election because it led to so-called insurrection like January 6th.
00:22:24.000So there's so much at stake here as far as what the regime is trying to do on the basis of this narrative that right-wing domestic terrorism is the number one national security threat.
00:22:35.000And I think given the magnitude of the stakes, as much as we'd like to ignore it and much as we'd like to focus on other things that have more immediate relevance to our lives, I think doing so completely, ignoring it completely would be a severe mistake.
00:22:51.000But the people who should be talking about it are the people who are really informed and prepared to do so.
00:22:58.000So I think most people on the GOP should probably just move on and not say that.
00:23:03.000Yeah, and I think this also has a boomerang effect for them.
00:23:08.000I don't think normal everyday people want to watch this, these hearings, and they can't even afford to drive across town, let alone have to hear from their leaders on this.
00:23:20.000But, Darren, I want you to build out kind of what you talked about, how this is a potential pretext for other, let's just say, the reorientation of American politics.
00:23:32.000That if they are able to make this argument successfully, that half the country are indeed domestic terrorists, what does that mean?
00:23:45.000If the number one national security threat to the country is domestic terrorism, and by that, they don't mean BLM.
00:23:52.000They don't mean any of these groups that have been burning down cities.
00:23:55.000No, by domestic terrorism, they mean quote-unquote white supremacists.
00:24:00.000And by that, they mean normal, everyday people who may have supported Trump, may not even be a big Trump supporter, but maybe you're concerned about the disaster that's going on at our border.
00:24:13.000The disaster, which, by the way, has been propelled by the Department of Homeland Security.
00:24:19.000And the Department of Homeland Security set up its disinformation board to address disinformation related, among other things, to immigration.
00:24:29.000And so people who just have anything critical to say about the regime, in fact, the Department of Homeland Security, there are amazing leaked documents that came out that Josh Hawley and I think Grassley is another senator called attention to.
00:24:46.000And it said, look, our disinformation governance board is interested in suppressing disinformation related to anti-government narratives.
00:24:56.000So basically, any critique of the government whatsoever is now tantamount to domestic extremism, domestic terrorism.
00:25:05.000And among other things, the government is marshaling its national security apparatus to suppress any information pertaining to these things that embarrass them.
00:25:23.000So, Darren, there's some, you know, facts can be pesky things, right?
00:25:27.000So there are some facts that just kind of stick out like a sore thumb.
00:25:30.000So if the premise is that we're going to have multiple prime time hearings to try to tell the country what happened on January 6th, I imagine the answer is no to my question, which is, are we going to hear anything about Ray Epps?
00:25:48.000How many potential federal agents were involved?
00:25:50.000Can you talk about how actually the more that this story actually becomes central focus, these other questions start to really stick out, and it actually might backfire on them if all of a sudden they want to make this the most important issue in the summer, because they just conveniently ignore all these other fundamentals to the entire narrative.
00:26:13.000And look, like the most important thing about this committee is that the questions that they're not asking, because there are, as you brought up some of them, there are four or five absolutely dispositive, decisive questions, questions that get to the heart of what really happened about January 6th and questions that anyone, forget about the politics of it, any detective, shall we say,
00:26:38.000who is objectively interested in understanding how this whole thing happened and what was going on would ask.
00:26:45.000And, you know, the case of Ray Epps is one of the most egregious ones, and we've done multiple incredibly detailed reports on it, but it's just, it beggars belief.
00:26:54.000It beggars belief because the people running this investigative show pretend like every grandma standing around the Capitol was some kind of domestic terrorist.
00:27:05.000You have this individual, Ray Epps, caught on tape multiple times saying, go into the Capitol.
00:27:11.000You see him conducting essentially that first and decisive breach of the Capitol.
00:27:17.000And without that decisive breach around 1 p.m. on January 6th, the whole rally could not have turned into the riot.
00:27:26.000And so it's not just Epps, by the way.
00:27:28.000You look at the Revolver.news report, there are five or six key individuals that really played a decisive role in allowing the riot, the rally to turn into a riot by removing the barriers and fencing before the speech was done.
00:27:45.000So when the rallygoers moved to the Capitol, there was no fencing, and so they didn't even know they were entering restricted grounds.
00:27:52.000So they get into close proximity to the Capitol to people who were holding bullhorns and in a controlled and calm and very professional manner, directing people to move forward.
00:28:03.000And then when they were close enough, directing them to move into the Capitol, there's one key individual called Scaffold Commander who hasn't even been identified yet.
00:28:14.000He's not even on the most wanted list.
00:28:16.000Ray Eps was on the most wanted list briefly.
00:28:18.000And then when Revolver started talking about federal involvement, he was taken off literally the next day.
00:28:26.000Another thing, a huge thing, in fact, one of the maybe the most dark, the darkest and most disturbing aspect of this is the pipe bombs.
00:28:35.000So the timing of the pipe bombs is such that the pipe bombs were discovered just 10 minutes before the initial breach.
00:28:43.000And just conveniently, a lot of the Capitol police had to go there and they say, oh, it's a diversionary tactic.
00:28:52.000Look, as you know, our friend Mike Lindell has amazing passion and especially has a passion to help everyone get the best sleep of their life.
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00:29:51.000I asked General Walker, I said, General, if the National Guard would have been on our nation's Capitol on January 4th, as the intelligence called for, would January 6th have ever happened?
00:30:07.000Congressman there makes an excellent point.
00:30:10.000And it's a subset of really the more general point, which is how do we account for the fact that the Capitol had basically uniquely poor security on a day that was that politically charged and that anyone with any kind of knowledge of anything would have known that.
00:30:30.000That in itself, I think, is extremely suspicious.
00:30:33.000And there are a lot of data points within that general observation that I think are quite damning.
00:30:40.000The point that I wanted to finish for the pipe bomb, just really quickly, is that it came out that then Vice President-elect Kamala Harris was in the DNC building.
00:30:50.000And so somehow her Secret Service overlooked this pipe bomb that was outside of the DNC building to allow some random passerby to discover the pipe bombs later at a time that perfectly coincided with the first breach.
00:31:06.000The Secret Service happens to be overseen by the Department of Homeland Security.
00:31:11.000And who is the Department of Homeland Security's main stooge in Congress?
00:31:15.000That is none other than Benny Thompson, the chair of the January 6th Committee.
00:31:20.000So this is leave that as another interesting question to investigate that the committee won't talk about at all.
00:31:28.000I don't think we're going to hear much about that.
00:31:29.000The curious case of the pipe bombs is one that I think is worthy of repeating.
00:31:34.000I mean, you have potential domestic terrorism against two American political parties that should be taken very seriously.
00:31:59.000Not only that, but it's only much later, and the DOJ had to amend its charging documents to reflect the latest revelation that the vice president-elect was in the DNC.
00:32:13.000Think of what the media could have done to blow that up: to say, oh, the insurrectionists almost killed the vice president-elect, but nothing about it because there's so many extremely bizarre questions surrounding it.
00:32:27.000For instance, how did the Secret Service miss the pipe bomb?
00:32:30.000And if the pipe bomb, as they say, were diversionary, that would require people to find it.
00:32:36.000Well, then, how, you know, they were counting on some random passerby to find it, and which someone does, but it happens to be just 10 minutes before the initial breach.
00:32:47.000And they use that to blame, you know, they can say, okay, the breach happened because we were understaffed because we were addressing this pipe bomb issue.
00:32:55.000There are just so many weird things surrounding the pipe bomb issue.
00:33:00.000Revolver has covered it very extensively, but I think it deserves further coverage as this could be one of the main keys to unlock the entire sorry and sordid episode.