00:06:16.520Because I've been railing about Roseanne Barr since Occupy Wall Street because she was at Occupy Wall Street.
00:06:24.600I want you to listen to this interview she did with Russia Today and what she said about Occupy Wall Street and the bankers in New York City.
00:06:34.660You were tweeting from the Occupy Wall Street.
00:06:54.300Would this be your platform then running for president?
00:06:57.300It's part of it is the part of my platform is, of course, that the guilty must be punished and that we can no longer, you know, let our children see their guilty leaders getting away with murder because it teaches children that, you know, they don't have to have any morals and as long as they have guns and are bullies that they'll win.
00:07:15.520And I don't think that's a good message.
00:07:17.020I do say that I am for the return of the guillotine, and that is for the worst of the worst of the guilty.
00:07:24.520You're singing to the choir on this show.
00:07:26.400We've been advocating the guillotine for years now.
00:07:32.300I first would allow the guilty bankers to pay, you know, the ability to pay back anything over 100 million personal wealth because I believe in a maximum wage of $100 million.
00:07:43.680And if they're unable to live on that amount, then they should, you know, go to the re-education camps.
00:07:49.140And if that doesn't help, then be beheaded.
00:07:51.120OK, so we have seen guillotines on the streets.
00:07:54.080I played this when it first came out over and over again when she was going back on ABC.
00:08:43.880When they say crazy things and they have influence and power, you should take them at their word.
00:08:50.880But now, now if you talk about how the vote was rigged, something that Hillary Clinton talked about, something that Al Gore talked about, selected, not elected.
00:09:04.300If you even say that, you can't be on social media and they will squash you.
00:09:10.300Now, the New York Times, the New York Times is is part of the panel of experts that are calling for Joe Biden and his administration to appoint a task force led by a reality czar focused on dictating and mitigating the dissemination of certain types of information.
00:09:37.360Uh, the realities are was the ministry of truth.
00:09:44.980In an article published yesterday, one Times author made it his goal to seek out experts who could help fix our truth challenged information ecosystem filled with hoaxes, lies and collective delusions created by such people as a QAnon supporters.
00:10:04.280One American news watchers and YouTube conspiracy theorists.
00:10:10.220One of the solutions proposed by the professors and employees at anti-extremist activist organizations is for the Biden administration to take action following the deadly January 6 mob riot at the Capitol and establish a truth commission to investigate the siege.
00:10:25.340Other experts, the author wrote, took it further, proposing that Biden and his team appoint a reality czar, a term that some pointed out is very similar to 1984's Ministry of Truth to oversee a committee on the quest for general truth instead of just focusing on the riot.
00:10:42.040Several experts I spoke with recommended that the Biden administration put together a cross agency task force to tackle disinformation and domestic extremism, which would be led by something like a reality czar.
00:10:55.680The New York Times author wrote, sounds a little dystopian, I'll grant, but let's hear them out.
00:11:00.800Okay, so we're willing to hear this out, something that would give the power to the government to decide what's true and what's not.
00:11:16.760This ultimate truth official who would work for the government, the author suggested, would be responsible for dictating and mitigating the spread of information in the United States and could engage with the ever truth wielding Silicon Valley giants such as Facebook, Twitter, Amazon, Apple and Google to implement new policies and evaluate which information should be disseminated.
00:11:36.180This task force could also meet regularly with tech platforms and push for structural changes that could help those companies tackle their own extremism and misinformation problems.
00:11:52.360Involving these Internet oligarchs in government led crackdown on disinformation, the author excitedly suggests could become the tip of the spear for the federal government's response to the reality crisis.
00:12:04.580Collusion with big tech over the establishment of a government controlled Veritas, however, could not bring back the millions already radicalized by who have been radicalized by themselves.
00:12:17.560The federal intervention that spurs people to community based activities that could keep them engaged and occupied and the creation of ads targeting high risk potential violent extremists with empathetic messages about mental health.
00:16:01.580You don't have a right to tell me what to do.
00:16:03.580Well, this has created something of a problem because in the 1980s, we know that the left, the Uber left created what's called the Tides Foundation, the turning of the tide.
00:16:15.580They were so freaked out by Ronald Reagan and how a group of people could back this guy.
00:16:22.580And all of a sudden, they could just sweep the country.
00:16:26.580They knew they had to change the tide.
00:16:29.580And what they focused on was getting lefties into the boardrooms of all of our biggest corporations.
00:16:37.580They knew they couldn't do it without corporate money and corporations agreeing.
00:19:11.580Remember, you've got to go to the search bar and type in the keyword back.
00:19:15.580That way you'll find all of these specials and the butchers bestseller pack.
00:19:18.580You can get four free chicken breasts and four burgers for free on top by using the promo code back Omaha Steaks dot com Omaha Steaks dot com.
00:20:20.580No longer will there be any Coca-Cola product in my house.
00:20:25.580Coca-Cola has sent out notices to law firms demanding that the company will require diversity among law firms who bill it for work in the United States and reduce payments if they don't comply.
00:20:41.580Now, because of they say in this article pressure from the Marxist and American anti-American black lives matter.
00:20:48.580Many Fortune 500 companies have pledged to address alleged racial equality inequality more aggressively.
00:20:55.580That's not what's happening with Coca-Cola.
00:21:30.580They now want to force you to have certain number of people on your board of directors that they believe will show your diverse and inclusive and part of the new future.
00:24:25.580Coca-Cola has sent out notices now to law firms demanding that the company will require diversity among all of the law firms who bill it for work in the United States and reduce payments if they don't comply.
00:24:39.580They later went on to say that the Coca-Cola company's chief of diversity, equity, equity, not equality, equity and inclusion officer, Lori George Billingsley, who sounds very diverse, explains how Coca-Cola is creating a culture of diversity and inclusion.
00:25:01.580Coca-Cola's general counsel is urging, urging law firms to affect real systematic change by adhering to new requirements that mandate that outside counsel allocate a portion of work to diverse attorneys, attorneys, specifically black lawyers or risk losing money or even future Coca-Cola legal business.
00:25:24.580Coke said it will require quarterly reporting about the makeup of legal teams that do work for it and self-identify as American Indian, Alaska Native, Asian, black woman, black or woman, Hispanic, Latinx.
00:25:43.840I want a Latino man, woman, child, it.
00:27:27.540And so they're going to require this of all of their partners.
00:27:30.940So when a company like Coca-Cola says, we're not going to do business with you unless you adhere to these things, how many companies are just going to fold?
00:55:43.900It's an end run around the Bill of Rights.
00:55:49.040And what are you going to do about it?
00:55:52.560We've heard a lot about Reddit and the hedge funds in the past week.
00:55:55.380But did you know that Wall Street donated at least $74 million to Joe Biden's 2020 presidential campaign?
00:56:02.900In Congress, they spent $68 million on Democratic candidates, $55 million on Republicans.
00:56:09.460Nearly 75% of that money went to incumbents.
00:56:14.200Which might easily explain why politicians become multimillionaires so effortlessly in Washington.
00:56:20.520A few years ago, a Democratic president, Jimmy Carter, said this about elitism in politics.
00:56:29.180It violates the essence of what made America a great country in its political system.
00:56:36.000Now it's just an oligarchy with unlimited political bribery being the essence of getting the nominations for president or elected president.
00:56:46.260And the same thing applies to governors and U.S. senators and Congress members.
00:56:51.640So now we've just seen a complete subversion of our political system as a payoff to major contributors
00:56:59.040who want and expect and sometimes get favors for themselves after the election's over.
00:57:05.400You notice that the teachers' union's not really having a problem, not going back to school?
00:57:09.060When the flight directors wouldn't go back to work for the FAA,
00:57:19.380Ronald Reagan said, you've got to get your ass back in the seat for the air traffic control.
00:57:23.420You do it by Friday or Monday, or I'm firing all of you.
01:00:21.540As the rich grow richer, the more they think of making a fortune and the less they think of virtue.
01:00:28.880He believed that all of us have a tendency for excess, but in an oligarchy, the elites indulge it to the extreme.
01:00:39.580In the early 1900s, Robert Michaels, he's a sociologist, observed that the socialist states were just as prone to oligarchy as any other society.
01:00:50.540He is the guy who coined the term the iron law of oligarchy, the idea that a bureaucracy is the enemy of individual liberty because it leads to an oligarchy.
01:01:02.220Who's asking for the government to regulate right now?
01:01:09.060Who in their right mind would do that?
01:01:11.900The oligarchs in Silicon Valley are all going to the government saying, regulate, please regulate us.
01:01:19.860When an oligarchy happens, society gets divided into elites and nobodies.
01:01:26.220And are we on the road of being nobodies?
01:01:58.760He's talking about blind power, class divisions, the elites and the nobodies.
01:02:04.640He said they might live in the same place, but they're constantly plotting against one another.
01:02:09.520Almost without fail, two things eventually happen.
01:02:13.840The enemy attacks because an oligarchy weakens the country's military because elites tend to have a mercenary nature.
01:02:20.780Their loyalty is to money and power or the people, the masses realize that they're being manipulated by a small group of elites who outnumber them by millions.
01:02:30.800That leads to things like the very violent and very bloody French Revolution, when French royalty were beheaded in public.
01:02:43.080Pre-Revolution France was an oligarchy.
01:04:44.040Well, who's the better cell phone carrier?
01:04:46.720Well, everybody's on the same mobile towers now.
01:04:48.960So when you switch to a place like Patriot Mobile, you're going to get the same kind of service that you got through a big mobile company like Verizon.
01:04:55.920But with a couple of important differences.
01:07:58.980He says, because a vision softly creeping left its seeds while I was sleeping.
01:08:08.220Have you ever had a dream that you just can't shake where it's with you all day and you're just like, oh, man, that's what he's talking about.
01:08:16.660I had a vision softly creeping left its seed while I was sleeping.
01:08:20.940And the vision that was planted in my brain still remains within the sound of silence.
01:08:33.040In the restless dreams, I walked alone.
01:08:37.640Narrow streets of cobblestones neath the halo of a street lamp.
01:08:42.920I turned my collar to the cold and damp.
01:08:45.480When my eyes were stabbed by the flash of a neon light that split the night and touched the sound of silence.
01:13:07.460He was talking about giant corporations that were controlling everything and were making it so wonderful, so comfortable, that no one was even talking to each other anymore.
01:13:21.060Everyone was talking nonsense, and he was standing there saying, people, wake up.
01:16:12.360And the best part is, not only is the shipping free, but Blinds.com guarantees that you'll get a perfect fit or they'll remake them for you.
01:17:29.560Now, what she's saying here is she likes her babies when they are birthed right out, right out of the birth canal to have the do-rag and the Nike Airs.
01:19:01.920You do see them in, in, with, uh, with sounds of silence there.
01:19:05.200I, I don't think I'd ever actually stopped for even one second to think about what the song was actually about.
01:19:10.560I'm listening to lyrics of, of songs because my son, uh, you know, I was going through some things and he's talking, you know, he's, he's giving me a playlist.
01:19:20.760He's like, Hey, these are my favorite songs.
01:19:23.460So I've been listening to the words of them, trying to kind of get into his head because I know he likes the lyrics and, uh, it's fascinating when, and I'm not saying he understand that this is about commercialism.
01:19:59.660Again, I felt a thousand, I feel a thousand years old saying this and there are some great songwriters today, but like it really, it's just not, it's not a priority.
01:20:06.980You know, it's just not a priority of the, of.
01:24:08.000So I want to talk to you a little bit about GameStop.
01:24:11.300Because, you know, I've been saying that the system has been gamed for a long time.
01:24:17.940I mean, when, you know, George Bush had to violate the free market to save the free market,
01:24:22.960and we bailed all these banks out, etc., etc., and then we just continue to do it.
01:24:27.620You and I talked about in, what, 2019, you said in the spring something will happen and the stock market will fall and the economy will totally change.
01:24:41.320It was COVID that was that something that happened.
01:24:57.900Some people say that it is going to change and the oligarchs are going to rule because of this.
01:25:07.360Well, you know, I see it more in the revolution side because we're in a very important cycle,
01:25:11.740like the American Revolution that brought in democracy and knocked down the monarchs for the first time.
01:25:16.820Before that, it was the Protestant Revolution that took down the all-powerful Catholic Church of the time.
01:25:22.360I think it's the central banks going down this time, and I cannot wait because this whole GameStop thing only happens in an environment I call the markets on crack.
01:25:33.560So people think the insiders are manipulating the market.
01:25:48.300This is not lowering interest rates and inducing people to borrow a little more.
01:25:53.240This is literally putting trillions of dollars, created out of nowhere, into the markets, which means now more money chasing the same financial assets that pushes them up.
01:26:04.000But that's not all because they say we're going to constantly buy these bonds, which pushes down long-term and short-term rates.
01:26:50.140You, me, little traders, other funds, everything.
01:26:53.620And when they see people going in one direction, like bullish, they jump on it and they short.
01:27:00.000And the problem is, I don't mind that they short.
01:27:02.760Anybody should be able to go long or short.
01:27:04.920The problem is they can do it on high leverage with options and futures and literally just push a market down until the people that are long capitulate.
01:27:13.980So they've been doing this for a long time, and I thought it's hard to do.
01:27:20.440Harry, what's really disturbing to me is, I mean, first of all, you're exactly right.
01:27:26.040The Fed has been just, they call it investing.
01:27:30.360They have been dumping money into the stock market, which creates a bogus stock market.
01:27:37.600They are putting money in not little people, and what happens is when the Fed just starts to buy the stock market, the Fed has gone to advisors.
01:27:49.320Their advisors on who to invest in has been BlackRock.
01:27:55.240Well, now BlackRock, all of the heads of BlackRock, I think except for one, are now in the Biden administration.
01:28:03.620The chief economic advisor for the president, Biden, is now a BlackRock executive.
01:28:12.260The chief economic advisor for Kamala Harris is now a BlackRock executive.
01:28:18.020The right-hand man for Yellen in the Treasury Department is a BlackRock guy.
01:29:18.640But the bubble now, because the central banks use quantitative easing, putting the money in, as you were saying, this is what's created the financial asset bubble.
01:29:28.320This is a bigger monster than the debt bubble, and that can deleverage and disappear money even faster than the debt deleveraging.
01:29:35.520So these guys are creating a monster that's going to kick them very hard.
01:29:40.040And I think it's coming literally in weeks or months, no more than that.
01:29:44.360So I did a report back in 2006 or 2007 when I was on CNN, and I did a monologue on the money bubble.
01:29:56.160I said, look, the housing bubble is coming, and it's going to burst, and it's going to be ugly, and then here's what's going to happen.
01:30:07.220And I said at the end of that monologue, before the housing market bubble, I said the next bubble is going to be the money bubble or the everything bubble.
01:30:16.180Everything will be put in and grossly abused, and then everything comes down.
01:32:19.920Public companies, large public companies can't even pay their debt service.
01:32:23.560And they keep limping along with this liquidity.
01:32:26.200GameStop goes up and down, you know, 482 points down to 112 in one day because there's so much liquidity that hedge funds can short it big time and knock it down.
01:32:36.720And then now small traders, which is a really great thing, have banded together and say, look, we're sick of you guys beating on us.
01:32:43.280They shoved those shorts up, these guys, and they lost $5 billion in a matter of days, Melbourne Capital and some other hedge funds, because they did the same thing.
01:32:54.800When these guys were heavily short on high margin, they just bought and pushed the stocks up to force them to cover their shorts and lose money and push the stock up.
01:33:04.960So, Harry, let me take you here because I'm really torn on this because I think that, look, I think you should be able to go long.
01:33:17.280I think you should be able to bet that a company is going to go down, go short, and you should be able to use your money.
01:34:11.500You do not have margin and leveraged investing except to hedge.
01:34:16.480Commercial, all these options and futures and margin was so legitimate companies that need to deliver or purchase things in the future.
01:34:25.540Investments or commodities can hedge that and guarantee the price at a small cost, and they need margin and options and stuff to do that.
01:34:33.040It should not be used for what I call, I'm calling what you just described, predatory investment.
01:34:38.920You see people leaning in one direction, and you just come down and dive-bomb them until they capitulate and sell, and then you turn around and buy.
01:34:50.600And again, hedge funds have been doing this big money forever.
01:34:53.780Now the small traders are doing the other end, and they're actually teaching the hedge funds, you better be careful next time you do this because we're now watching you and doing the same thing.
01:35:03.640But the problem is this creates this on both sides.
01:35:07.060You would eliminate all this stupid stuff if you didn't allow leveraged investing, just you go short or long.
01:35:15.020Leverage is only for legitimate hedgers and not for predatory investing.
01:35:20.340Okay, we're going to, if you can hang on just a second, I want to take you back to saying we're looking at a 29 or, you know, 33 kind of situation.
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01:37:42.440First thing, it hits the rich the hardest.
01:37:44.080So that's the good news for everyday people.
01:37:45.920But everyday what happens, these assets will go down, businesses will fail, loans will fail, that means, and then businesses will lay off workers and people will be foreclosed on, real estate will go down 30 to 50%, stocks will go down 60 to 90%.
01:38:02.720So most people don't have a lot of assets outside of real estate.
01:48:26.800They're a safe haven in the crash when the U.S. dollar will temporarily be the safe haven and their Treasury bonds, as they were in the 2008 crash.
01:49:00.380But it was a good investment if the government doesn't curb it.
01:49:04.200Then, after the bubble broke, that's when Goldman Sachs and all these people, they all decided they were going to get into this, but they needed some framework.
01:49:27.660Bitcoin is setting to be the gold standard, increasing through limited supply and increasing investment, become worth $10 trillion, and be the new gold standard for digital money.
01:49:39.640But the institution stepped in, created a bigger bubble here.
01:49:45.720I'm predicting, and the crypto people don't like this, but it's exactly what happened to the dot-com.
01:49:50.660That bubble went crazy in the first few years like this, crashed 95%, and the survivors like Amazon ended up becoming the next big thing, the Internet.
01:50:00.120This is Internet 2.0 for financial assets, digitization of all money, financial assets, and transactions.
01:50:07.200It's a big, big deal, but early stage, this is crazy, and the institutions don't even understand what Bitcoin is and blockchain to be.
01:50:18.120Okay, so I asked an economist a couple of weeks ago, I said, to me, it only makes sense that if the markets crash, Bitcoin crashes, because these people need their assets.
01:50:32.660They need the money from those assets.
01:50:35.160So they will pull that money out to cover some of their, what did you say?
01:50:40.600Bitcoin's not been an inflation hedge like gold, not been like gold.
01:51:03.740But you do say that it is going to be like gold.
01:51:06.160It's going to be gold as a monetary standard, yes.
01:51:11.480But it has to be much larger, much heavily traded, stable in price, at higher levels.
01:51:16.840You can't be a standard for money if you're not large enough and stable enough.
01:51:21.080And Bitcoin is the least stable asset in the entire world right now.
01:51:25.780So it's not gold today, not even close.
01:51:31.040And if you don't have money invested, Harry, if people, you know, the average person has debt and everything else, what does the average person do?
01:51:40.620What should they be doing with what little they have?
01:51:43.420Just get out of financial assets, everything but the highest quality bonds or cash and CDs, cash and cash or cash flow positive apartment buildings or REITs can do OK.
01:51:55.900Anything with cash and cash flow or safe bonds, which you'll appreciate as a safe haven, will preserve your money or grow it.
01:52:03.520Everything else will go down your house, your stocks.
01:52:08.760And you say houses are not going to come back, right?
01:52:16.300Real estate will never be the same after the baby boom's gone through and the next generation does not take us to newer heights ever again in need for housing.
01:52:25.680Housing will grow more with inflation, modest inflation.
01:52:29.220You'll never see bubbles like this in housing for the rest of your lives.
01:52:32.280So get out of housing you don't need or love now because it will it will be the last to peak, but it will go down and take longer to go down and it will not come.
01:52:43.000Stocks will come back a lot better than housing after this.
01:52:45.560You know, I really hate talking to you because I just I mean, you just confirm so much stuff that I believe and I think is coming.
01:52:54.640And can I ask you a question, a personal question?
01:52:58.700It is very difficult for me sometimes after the decades of doing this and knowing how many people have just dismissed it and and knowing what is coming.
01:53:12.100It's a it's sometimes a heavy burden because, you know, a prophet is never really recognized or really welcome in his own hometown.
01:53:25.160Does this does this is this painful for you?
01:53:32.180This bubble bursting will clean out everything from income inequality to all this excess crazy financial stuff and leverage and gunslinging stuff and make things like housing and investing affordable again.
01:53:45.720So I do want it to happen and I know that it's healthy to happen, but it's true.
01:53:50.900So, yes, people either love me or hate you to hate me because nobody a bubble is like a financial drug.
01:53:58.240Quantitative easing is a financial drug.
01:54:42.140And then we'll talk to you in a couple of days because I do want to we have a free newsletter and people who sign up in the next week.
01:54:48.620We're also going to give our February issue out on March 1st on a live report on Bitcoin, because this is a really important thing to understand.
01:55:51.820And it is a heavy burden to be thinking, you know, when you don't think about it, you're like, OK, but once you listen to stuff and you're like, OK, I think that's true.
01:57:52.480We cannot allow a program to pass without talking about everybody's favorite.
01:58:00.240Andrew Cuomo, the dumbest governor in America.
01:58:07.820Yeah, there's a New York Times article talking about why is he opening restaurants when all of the rates are considerably worse than when he closed?
01:58:29.380He actually did a press conference at one point where he completely just misunderstood what the statistic was saying and made this big point about how great he was and just didn't understand the stat.