00:00:52.000His 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.
00:01:00.000We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country.
00:01:12.000Brought to you by the Loan Experts I Trust, Andrew and Todd at Sierra Pacific Mortgage at andrewandTodd.com.
00:01:21.000Someone says here, Jeff Jeff says, Charlie, we need Harmeet, a tough election lawyer, as chair in partnership with Mike Lindell to run the operational money side of the RNC to clean it up.
00:01:30.000Harmeet to fight the lawfare battles and win elections, Mike to clean up the money and the organizational side of the RNC.
00:01:52.000Well, let's peel back the onion because it's a complicated mess.
00:01:56.000FTX is a large, complicated bankruptcy that will be investigated for some time.
00:02:06.000And the new CEO of the company is going to find a lot of loss, a lot of lost money that left customer accounts.
00:02:13.000So the first place, as a financial person, first rule of finance, don't touch other people's money unless they tell you to do something with it.
00:02:23.000And Sam Bankman-Freed and Ryan Salome and Nishad Singh, the people that were associated with this company, and probably others, Carolyn Ellison and others that were part of this entourage, are all going to be held to account by an awful lot of legal analysis of where did the money go.
00:03:06.000And what it will pull up for you is a Google sheet that accumulates all of the FEC filings.
00:03:14.000These are federal election campaign filings of monies that went from these particular individuals to where it went.
00:03:22.000And the amounts of money, and this is just the last cycle that you will find if you go do that right now, is about 40, 40, who's am I trying to freed, it's 46.5 million.
00:03:38.000And then there's all these, there's all these surrogates too, and employees.
00:03:42.000And John, you made a really smart point when we were texting about this.
00:03:50.000At the extreme, let's start with the simple.
00:03:52.000A couple years ago, Dustin Moskowitz, or I think his last name is Moskowitz, the Facebook.
00:03:59.000Who is a founder of Facebook sold a bunch of his Facebook shares, took a bunch of his money and spent 50 million bucks on American elections because he felt strongly about things.
00:04:12.000Here, I think it's hard for you to convince me that Ryan Salome took $23,459,000 of his money and that Nasheed Singh took $14 million of his money and Sam Blankman took $43 million of his money and did that with it.
00:04:27.000And until we know for a fact, until we know for a fact it was their money, given the fact pattern surrounding everything that's happened with FTX, it is a completely reasonable assumption that some pile of this money is ill-gotten money that cannot be treated this way.
00:04:45.000So all of the many, many, many members of Congress and some senators, which by the way, total only about 10% of that 70 million.
00:04:55.000We're going to come back to where the rest of it goes in a second.
00:04:58.000I would be of the view all of them need to send the money back.
00:05:02.000And if they can't send it to a federal trustee, remember in the Madoff case, Irving Picard and David Sheehan became the trustees and they rounded up $14.5 billion of the lost Madoff money over a period of about five years.
00:05:23.000But in the meantime, and I'm going to give you a quote: I had a conversation with Mitt Romney by a text this morning, and Mitt said, one, I am saddened to know that we received money from such people.
00:05:36.000Two, I have directed my staff to return it, and it's all being wired today to the U.S. Federal Treasury.
00:05:43.000Three, I would really like to know that my colleagues do the same thing and return it because this is terrible for American politics and American finance.
00:06:22.000That's the big, the much bigger problem is that I don't know.
00:06:25.000I'm going to make an estimate here, Charlie, but if you went and you added up, if you, again, go to openseecrets.org and you just open the thing and look at the tab, there's gigantic sums of money that have gone to these packs.
00:06:39.000And, you know, Chauncey McClain's PAC is one.
00:06:44.000There's a second one, Future that Protect Our Future.
00:06:47.000They have all these weird corny names.
00:07:42.000There's 15, 18, $20 million that, and it looks like when you look at the data, Ryan Salome was the person of the three that gave monies into the R side of the equation.
00:07:52.000And Sam Bankman Fried and Nishad Singh gave into the D side of the equation.
00:07:56.000And it's about, by my very rough estimate so far, sort of $7, $750 to 75% left Democrat, 20% right Republican.
00:08:08.000But that money was spent in the election cycle.
00:08:12.000And it was probably, you know, probably is too strong a word.
00:08:16.000I'm dying to see how these three individuals demonstrate that this was their money.
00:08:22.000Yeah, and not to mention, and this is the question, did any of the people running the PACs have any whisper or any piece of evidence that this money was not kosher?
00:08:41.000And what we really now know is that a pile of money was misappropriated from FTX and Alameda.
00:08:49.000Alameda was losing money left and right.
00:08:51.000A handful of people who are constituents in control of that money gave pantloads of money into the political system.
00:09:00.000And the right thing to do is what Mitt did, which is to tell people you need to send it to the U.S. Treasury and give it back.
00:09:05.000And so I think there's a whole lot of people in Congress and the Senate who are going to be writing $5,800 checks, $10,000 checks, and sending it somewhere to cleanse that, you know, to get rid of it.
00:09:16.000I think for the most part, we have good people in Congress who don't really want to be in this position, but they're now in this position where the people that gave the money probably stole it.
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00:15:02.000But she points out that under this current RNC chair, they have been on a spending spree.
00:15:10.000She says, despite Joe Biden's economy and three straight cycles of election losses, the RNC's big spending days are back with a vengeance.
00:15:17.000Our review found that amounts spent during the 21-22 election cycle seem to have been par for the course and possibly even lower than previous portions of McDaniel's tenure.
00:15:29.000McDaniel did not reply to Red State's request for comment prior to publication.
00:15:34.000So many of you have emailed me saying, Charlie, I gave $100 I didn't have.
00:15:53.000And it'd be one thing if you're winning every single election and you're doing just a grand old job.
00:16:00.000But when you lose a net Senate seat in a year that should have been a red wave year, you got to wonder where is all that money being spent?
00:16:09.000Well, now we know being spent on Lululemon, REI, vineyard vines, $700,000 for flowers, $17 million for donor mementos.
00:16:19.000Darren Beattie made a really smart point to me.
00:16:21.000He said, Charlie, the problem is conservatives' incentive structure is we get paid no matter whether or not we win or lose.
00:16:28.000Democrats, they get paid once they control the government and they get all the crony detail deals that they pass through legislation.
00:16:35.000They don't win, they don't get their crony deals passed.
00:16:38.000For us, it's kind of like, yeah, win or lose, everybody gets paid.
00:16:41.000All of those consultants around Herschel Walker got paid to lose with a lot of your money.
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00:17:58.000So, first, Darren, I thought you made a really smart point about the incentive structure of Republicans versus Democrats when you and I were texting about the waste of the RC money.
00:18:11.000Yes, and unfortunately, I can't take credit for it myself.
00:18:14.000Someone on Twitter did it, and I don't know who it is, but it's a basic insight from which a tremendous amount of important conclusions can flow.
00:18:26.000And the basic insight is this: that the Republicans, generally speaking, grift off of the process, primarily the election process.
00:18:37.000They grift by sending you a million different messages saying, Hey, friend, have you donated $10 yet?
00:18:47.000All the messages you get, they're taking money, they're getting money from donors, they're forking it over to very highly paid consultants who, in many cases, end up simply losing for candidates or giving the candidates bad advice that either results in a loss or results in the candidates presenting a weaker message that's not attractive to the patriotic American voter.
00:19:11.000But the key point is that it's the process itself that feeds the coffers of the grifters on the Republican side.
00:19:22.000And why this is important is that they don't really have to win.
00:19:26.000They don't have to deliver because they make money off of the process.
00:19:30.000By contrast, and I have to give credit where it's due, it's something that we as conservatives have been complaining about ad infinitum that what the Democrats do is they're stealing the taxpayer money, and that's absolutely true.
00:19:45.000And ultimately, probably not a great model to run the country.
00:19:49.000But from the Democrats' incentive structure, it actually is a lot better for them because at the very least, in order for them to have access to the public purse, in order for them to be able to distribute the taxpayer money, they actually have to win.
00:20:06.000And so the incentive alignment there is so much more powerful.
00:20:11.000And so if anybody has been wondering why the GOP has been relegated to this kind of controlled opposition sort of little brother type, you know, robin to the regime Batman sort of party.
00:20:26.000Well, part of the reason for it and part of the kind of structural explanation for it is that the relevant people on the Republican side, they get fed, they have their good steak dinners, whether they lose or not, because they're drifting from you.
00:20:40.000If you're watching this, they're taking your money versus the Democrats.
00:20:46.000They're so plugged into the entire federal apparatus that they win and then they use that broad taxpayer base.
00:20:59.000And they're so, you could write a whole book about all of the key implications of this basic insight.
00:21:06.000That's so smart because the Republican consultant class, their lifestyle does not change at all, whether they win or lose at all.
00:21:18.000I mean, they might get access to a couple more friends or that, but they keep on getting rehired and they get promoted simply because that they're in the quote unquote consultant class.
00:21:31.000So Darren, how do we go about fixing this then?
00:21:36.000And just before I get into the fix, I don't want to give the impression this is the only thing.
00:21:40.000I think, you know, frankly, in a lot of cases, the Republican consultants are not really true believers.
00:21:46.000They don't have any genuine convictions, whereas the people on the Democrat side actually do, you know, want to push all of this woke nonsense.
00:21:53.000So there are other key factors at play, but this is one absolutely critical structural dimension that we're talking about right now.
00:22:03.000Well, the first thing is I don't think this dynamic is even part of the lexicon.
00:22:08.000So simply talking about it and addressing the problem in these terms is a huge step.
00:22:13.000Secondly, I'd say we need to standardize certain mechanisms in terms of the political economy of how campaigns are financed, how money is raised that sort of improves the incentive structure.
00:22:27.000And so in the standard contracts that consultants get and things like this, it needs to be weighted a lot more heavily to outcome-based compensation.
00:22:41.000I know like the typical kind of contract has like certain benchmarks and things like this.
00:22:46.000We need to standardize a praxis whereby it's weighted much, much more heavily toward a successful outcome and not you just get paid to basically do nothing.
00:22:57.000And if you do something, it's usually counterproductive to the prospects of whoever you're allegedly giving good advice to.
00:23:04.000So I think that's one key thing to built in, build that into the incentive structure.
00:23:10.000I think maybe building off of Trump's excellent policy speech on how to deal with that censorship.
00:23:19.000Yesterday, I mean, there was all this kind of nonsense about the trading cards or whatever, but it's too bad because there was actually a fabulous policy announcement yesterday.
00:23:31.000Well, yeah, I'll go into detail on that, but just a quick sort of nexus point between those two.
00:23:37.000One of the items that Trump recommended was like a, I think he said a seven-year moratorium.
00:23:43.000So if you worked in the Intel community, you have to wait seven years before you enter the revolving door of occupying some trust and safety position in big tech.
00:23:54.000So it sort of slows down considerably the momentum of the revolving door.
00:23:59.000Similarly, I think we need some kind of negative consequences in place for these serial campaign consultants who just go from one losing operation and they grab $60,000 a month contracts.
00:24:14.000They go from one $60,000 a month loss to the next.
00:24:18.000We need to impose, again, this isn't going to be a matter of law, but it's a matter of sort of convention within the political economy of how things are done with campaigns and consultants.
00:24:29.000If you're one of these $60,000 a month losers, you have to wait a certain period before you're given any other campaign.
00:24:37.000There needs to be some kind of mechanism like that to deal with this problem, because if the incentives are not properly aligned, we're going to continue to see the same types of results.
00:24:52.000Okay, Darren, I want to shift gears here.
00:24:54.000Elon went on a ban spree last night for sharing coordinates of his own personal location.
00:25:02.000What are your thoughts on that entire drama that is still unfolding?
00:25:06.000Well, you know, there's, I personally can't help but feel a bit of a bit of Schadenfreude against these types.
00:25:15.000I mean, it is, there is a certain delicious irony to seeing these figures whose really only job was to be commissars on behalf of the corrupt and illegitimate and censorious Biden regime.
00:25:31.000And so to see these people like in on the other side, to see them have to experience, oh my God, we've spent years and years building up our career on Twitter.
00:25:40.000How can you take our livelihood for us?
00:25:42.000Like this isn't a matter of day-to-day life for anyone who tries to put forward a counter narrative on social media up till very recently when Elon took over Twitter.
00:25:56.000So it's sort of a shoe on the other foot type of situation, which I think is quite nice.
00:26:03.000And then there's the other element, which is I do think doxing is one of those, one of the very few things that actually should be controlled in terms of speech.
00:26:13.000So we do want to control those things and on both sides and give them a sense that, say, look, you're welcome on the platform.
00:26:20.000You can continue to thrive on the platform, but you have to play by the same rules as everyone else.
00:26:25.000And just as a third point on it, I would kind of just to counter veil my initial kind of enthusiasm for these people's very well-deserved misfortune in being banned.
00:26:39.000I don't ultimately think it's a good thing for these blue check woke journos to be banned from the platform, because I think part of the unique value of Twitter is it's the one place that offers now, with actual free speech, something close to an even playing field and battle arena in which people on the right can actually debate with and clash with people on the left and close to.
00:27:10.000It's the only place where that can kind of happen.
00:27:13.000And if we get to a point where a lot of these people are leaving, which they're not because they're addicted like everyone else and to the network effects, but if they actually did leave, I think that would be actually a significant net loss for speech and for Twitter.
00:27:29.000Yeah, I want to just enjoy Taylor Lorenz's neuroticism.
00:27:36.000I just want to, I want to delight in it.
00:27:40.000I want to marinate in her freak out because she's a very, she's a, she is the chief doxer.
00:27:47.000She tried to destroy Libs of TikTok's life.
00:27:54.000Rents are soaring at unprecedented highs.
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00:29:06.000Well, she is an hysterical, neurotic doxer who makes a living off of revealing dangerous personal information about people.
00:29:17.000Not personal information that's incriminating, just people that she doesn't agree with politically or, you know, probably better said people who her handlers and the people who control her because she's not really a sovereign entity.
00:29:33.000The people that the regime doesn't like, they select mediocre, talentless, sociopathic, hysterical banshees of the regime like Taylor Lorenz to be the vehicle through which they publish personal information of people who dare tack what Biden is doing and the regime and other things.
00:29:54.000And they reveal the personal information for the precise purpose of putting their lives in danger.
00:30:03.000One of the issues, I think, Darren, is that she herself was chief doxer against libs of TikTok.
00:30:08.000That was really where she tried to reveal this anonymous account whose only crime was noticing.
00:30:18.000Whose only crime was noticing, absolutely.
00:30:20.000So as we were saying, the whole purpose is to, here's an account, here's an individual who's operating under a pseudonym because these days you can't really challenge the regime openly unless you face public attacks and sometimes physical attacks, which you've experienced, I've experienced.
00:30:46.000And what the regime lackeys and doxers do is they try to uncover that information to put these people in danger.
00:30:55.000But there's one, like, there's a very dark rabbit hole behind the whole Taylor Lorenz thing that I want to make sure people understand is that to call her the doxer is actually giving her too much credit.
00:31:07.000She's the mouthpiece for the dox, but revolver.news published a while ago a piece that actually the people who uncovered the personal information that Taylor Lorenz amplified are Antifa hackers who are funded by the German government to conduct doxing operations.
00:31:42.000It's just so rich to hear him complain about doxing and harassment.
00:31:46.000I mean, I am doxed and harassed constantly on this app.
00:31:51.000And it's just weird because definitely in the past few weeks, for instance, people tweeting out stuff like information about my family or all the stuff that's been used to target my family directly in the past.
00:32:03.000Like, so I feel like Elon is very focused on his own experience, but for the rest of us, it's definitely become a less safe platform.
00:32:11.000Look, I mean, for example, we know with greater certainty when Marcus Aurelius was born than Taylor Lorenz.
00:32:17.000If you go to Wikipedia, they say that she was born anytime between 1984 and 1987.
00:32:23.000Taylor Lorenz crying about the very crime that she herself inflicts against conservatives.
00:32:31.000It's a remarkable display of solipsism and sociopathy that can only be expressed by someone like Lorenz, who is handpicked as just sort of a mediocre, compliant mouthpiece for a regime and forces much bigger than her, much bigger than she understands.
00:32:49.000And her only job is to use her mouthpiece and her perch at Washington Post in order to inflict danger and physical threats upon people who disagree with those who are promoting her.
00:33:02.000So she's the most disgusting kind of scum imaginable.
00:33:06.000And part of the problem with our current regime right now is that it buttresses people like this who should really be in the gutter somewhere.