The Podcast of the Lotus Eaters - November 11, 2024


Podcast of the Lotus Eaters #1039


Episode Stats

Length

1 hour and 36 minutes

Words per Minute

170.47125

Word Count

16,459

Sentence Count

907

Misogynist Sentences

19

Hate Speech Sentences

54


Summary

On the 11th of November, 106 years ago, the Great War, the so-called War to End All Wars, came to an end. Today, on Armistice Day, we remember the end of World War I.


Transcript

00:00:00.000 Hello and welcome to the podcast of the Lotus Eaters for the 11th of November 2024, also known
00:00:14.640 as Armistice Day, and today I am joined by Beau and Dan. Hello. We're going to be discussing,
00:00:20.760 or at least Beau's going to be discussing Armistice Day, and your segment is titled
00:00:25.460 Lest We Forget, of course, that famous phrase. I'm going to be talking about the recent goings-on
00:00:31.180 in Amsterdam, where gangs of Muslims were hunting down Jewish people when there was a football
00:00:37.420 match going on, and Dan, you're going to be covering how Trump has affected Bitcoin.
00:00:42.660 Amongst other things, it's all going rather well.
00:00:45.040 Just the announcement of him becoming president has helped the economy.
00:00:50.100 He's been pretty good for markets, obviously.
00:00:51.900 And so, yes, I suppose we may as well get right into it. Take us away, Beau.
00:00:58.260 Okay, well, 106 years ago today, the Great War, the so-called War to End All Wars, came to an end.
00:01:06.340 It was an armistice was called, 11am on the 11th of the 11th, 1918. Americans call it Veterans Day,
00:01:12.620 we call it Armistice Day. Yesterday was Remembrance Sunday, but today is the day.
00:01:16.780 So we always try and, or I always try and mark it on lotusseaters.com.
00:01:21.500 There's a little poem I read by Siegfried Sassoon.
00:01:25.540 You can see on the side there, one by John McRae in Flanders.
00:01:28.420 That's two years ago now.
00:01:29.960 So every day, every year, we try and do something, or I mark it, being the resident history nerd.
00:01:34.580 So I thought today we could talk about the actual armistice.
00:01:38.580 I'm fascinated by World War I, even though my background, actual academic background,
00:01:42.100 undergrad is ancient history, classical history.
00:01:44.440 I'm a fan of all history, but particularly fascinated by World War I, always have been.
00:01:49.040 Well, it's a key moment in our history. It shapes the modern day in a massive way.
00:01:54.460 Oh, absolutely. I think Dan Carlin and I agree that we still live in the shadow of World War I in all sorts of ways.
00:02:00.520 World War II was just an extension of World War I. Most historians kind of agree.
00:02:05.580 It was sort of a 20-year armistice between those two wars.
00:02:08.680 One and the same event in certain ways, you can argue. Lots of people do argue that.
00:02:14.040 Now, I'm fascinated by World War I. It sort of always has been.
00:02:17.220 For some reason, it captured my imagination when I was a child, just about old enough to sort of start reading and learning about it.
00:02:22.760 But particular bits of it I'm also fascinated by.
00:02:27.300 The Miracle on the Marne, the Battle of Verdun, which the Brits had nothing to do with.
00:02:31.100 I'm absolutely fascinated by what happened around Fort Dumont and the whole Battle of Verdun and all sorts of things.
00:02:36.320 And the end of the war, the whole of 1918, the spring and summer offensives of 1918 on the Western Front particularly fascinate me.
00:02:44.500 So I thought today, maybe, since it is Armistice Day, we can have a little talk about the armistice and the end of the war and how it played out and all that sort of thing.
00:02:54.940 OK, so, first of all, just to say, Remembrance Sunday was yesterday.
00:03:03.360 And I don't really need the audio on this.
00:03:08.200 These are some of the events that we have every year at the Cenotaph.
00:03:11.660 If anyone doesn't know, this building on the left, this structure on the left there is the Cenotaph.
00:03:15.580 There's a memorial to all war dead, not just from the World War I.
00:03:22.460 There's the king there.
00:03:24.860 There's Charles III.
00:03:27.100 That's him there.
00:03:28.000 Sorry to bring this back to low politics for a moment, but I heard a rumour going around that the veterans were going to turn their back on Keir Starmer.
00:03:34.360 Did they do that in the end?
00:03:36.320 I don't know.
00:03:37.020 I didn't see that.
00:03:38.160 I didn't see that.
00:03:38.540 Is that Charles there?
00:03:39.280 I think it is.
00:03:40.500 I didn't see that.
00:03:41.760 Right.
00:03:42.000 Might have happened further back or something at another time.
00:03:48.820 But everyone's there.
00:03:49.420 You can see Keir there and Kemi.
00:03:50.960 And there'll be all the prime ministers, all the living prime ministers.
00:03:55.120 Major, Blair, Brown.
00:03:57.700 Truss.
00:03:58.100 Truss.
00:03:59.400 Sunak.
00:04:01.320 Boris.
00:04:02.260 Theresa May.
00:04:03.540 Oh, yeah, and Theresa May.
00:04:04.480 Yeah, we've had so many.
00:04:05.560 It's like a football club who's going through so many managers.
00:04:08.660 Too many, really.
00:04:10.000 Far too many.
00:04:10.440 Okay, so that all happened yesterday and it's all very sombre.
00:04:17.700 But some people don't really have too much respect for the cenotaph.
00:04:21.580 I mean, it gets sort of vandalised by, well, domestic enemies is the only way you can describe them from time to time.
00:04:31.780 It gets sort of vandalised.
00:04:33.800 You have to put things around it to stop particular demographics when they march down Whitehall.
00:04:38.820 This road there is Whitehall with Downing Street and all sorts of ministries flanking it on either side.
00:04:44.560 And sometimes you have to put up things to protect the most sacred war memorial we've got.
00:04:51.120 It's very depressing that that has to be done.
00:04:53.540 We're at a point in our civilisation, no matter what the cause is, that people do things like that.
00:05:00.900 And that's warranted that we need to protect it.
00:05:03.080 Would have been unthinkable.
00:05:04.060 Would not have happened just a few years ago.
00:05:06.020 I remember marching past it several times for the COVID protests.
00:05:10.060 And for whatever reason, they didn't feel the need to board it up then.
00:05:12.540 Right.
00:05:13.260 It's only certain types we need to worry about.
00:05:14.940 I mean, here's a scumbag trying to set light to the union flag on the cenotaph a couple of years back.
00:05:23.840 A domestic enemy.
00:05:25.060 There's another way to describe that.
00:05:26.600 There they are.
00:05:27.500 Lovely stuff.
00:05:28.220 It's a Black Lives Matter related protest by the likes of it.
00:05:30.660 I'm not sure if they got away with it.
00:05:36.760 They were prosecuted.
00:05:37.700 I don't know if they actually went to prison or not.
00:05:40.040 I would be surprised.
00:05:41.320 When it's not like they said something off colour on Twitter or anything.
00:05:45.220 Only trying to desecrate the most sacred thing we've got.
00:05:48.220 Yes.
00:05:49.880 So here's another memorial, Thiepval in France.
00:05:53.700 One of the main ones to the war dead of World War I.
00:05:57.160 A very famous memorial there.
00:06:00.660 Some might say the main, most important one at Thiepval.
00:06:06.880 There's also one to the Canadians.
00:06:08.820 The Canadians sacrificed a lot.
00:06:11.440 I mean, lots of, all sorts of people from all over the world did.
00:06:13.960 But the Canadians fought particularly hard.
00:06:16.340 There's one at Vimy Ridge.
00:06:18.860 Beautiful, wasn't it?
00:06:19.700 Yeah.
00:06:20.260 And I've actually been there once upon a time.
00:06:24.620 Any Canadians watching this will almost certainly know.
00:06:27.560 I had family that moved over to Canada that fought in World War I as well from my Devonshire side.
00:06:36.120 So I know that we've got medals in the family from the Canadians.
00:06:42.580 I think per capita the Canadians have won more VCs than anyone else.
00:06:45.780 I might be wrong about that.
00:06:46.980 They win loads of VCs, the Canucks.
00:06:49.100 Victoria Crosses.
00:06:50.020 Yeah, the highest medal for gallantry in the field, showing dash in the face of the enemy.
00:06:56.860 Yeah, the Canadians.
00:07:00.140 Very polite on the streets, but when it comes to war, they know what they're up to.
00:07:04.500 If you can see there, this rough ground here, that's just like steel popped from shells, from shell craters.
00:07:12.280 When I remember, for miles around it, the ground is like this.
00:07:16.740 They flattened it out deliberately around here, but all around it's like a moonscape.
00:07:20.540 A weird, otherworldly moonscape, because the front lines ran just 100 yards from that or less.
00:07:28.220 Well, it's right there, really.
00:07:29.160 The front lines were right there.
00:07:31.760 Yeah, a great memorial at Vimy Ridge.
00:07:33.800 Okay, so let's, if I can, talk just a bit about the end of the war then, how it played out,
00:07:39.940 and if people don't know, hopefully, you know, we'll teach them a little bit,
00:07:44.620 or they can go away and research it for themselves if they're interested.
00:07:49.080 Okay, so by 1918, lots of things had changed.
00:07:53.920 World War I is known as sort of a stalemate war, but by 1918, that had largely changed.
00:07:58.560 Lots of people know that World War II, the writing was on the wall in World War II quite early on.
00:08:05.600 By the winter of 1942, 1943, after von Paulus' army had been surrounded in the cauldron at Stalingrad,
00:08:11.960 people knew that the Axis was almost certainly going to lose that war,
00:08:15.580 a good two years, a good two years before it happened.
00:08:18.500 Whereas with World War I, it's very different.
00:08:20.220 The Germans could have still won the whole kit and caboodle in 1918.
00:08:25.260 They could have done.
00:08:25.820 And it went wrong for them.
00:08:29.460 So, they'd beaten the Russians on the Eastern Front.
00:08:33.540 The Russians had pulled out.
00:08:34.540 Lenin had pulled the Russians out entirely,
00:08:37.400 given away loads and loads of Eastern Europe and parts of Russia,
00:08:40.760 the Treaty of Brest-Lavosk.
00:08:42.360 The Ottomans had been knocked out,
00:08:44.440 thanks in no small part to T.E. Lawrence, Lawrence of Arabia,
00:08:47.940 and the Arabs, pushing the Ottoman all the way back to Damascus and beyond.
00:08:52.560 Bulgaria had pulled out.
00:08:53.760 Bulgaria had had enough.
00:08:54.520 They just couldn't keep fighting.
00:08:57.860 But the Germans were not done.
00:09:01.040 They still had, in fact, they had a numerical advantage.
00:09:03.600 After they'd defeated, after the Russians had capitulated,
00:09:06.560 they were able to move something like 40-odd divisions over from the east to the west
00:09:09.980 and actually had a numerical advantage on the Western Front for the first time since 1914.
00:09:14.580 So, that was their window of time, their time to make a big push.
00:09:18.860 People have said, was it Hitler?
00:09:22.320 Some people have said, I don't think it was Hitler, actually.
00:09:25.940 But some people said that at that point, the German could use his sword arm as well as his shield for the first time.
00:09:33.420 Because largely, not entirely, but largely on the Western Front, the Germans were nearly always on the defensive.
00:09:38.860 And the Allies were nearly always on the offensive.
00:09:41.340 There's great offensive, aren't there?
00:09:42.780 New Vail Offensive, the Somme Offensive, on and on and on, on the Western Front.
00:09:47.140 It's nearly always the Allies attacking the Germans.
00:09:49.620 The Germans were trending.
00:09:50.280 Well, this was their shot.
00:09:51.180 Before the Americans, before hundreds of thousands of Americans came over, to try and win, try and push through to Paris and win on the west.
00:10:00.600 So, this was their big shot.
00:10:05.080 Well, so it was Ludendorff's plan.
00:10:07.980 Erich Ludendorff was in supreme command of the German, well, actually it was Hindenburg, but Hindenburg was only nominally, he was a figurehead, really.
00:10:16.420 The Kaiser, the Emperor at the very top, then Hindenburg, then Ludendorff, but to all intents and purposes, in reality, day-to-day, hour-to-hour, Ludendorff was in charge of everything.
00:10:28.740 Had breakdowns in the end, lost a stepson and all sorts of stuff.
00:10:31.640 So, his plan for 1918, the spring and summer offensives of 1918, was what historians later called the Kaiser Schrapp, the Kaiser's battle, the Emperor's battle, battles.
00:10:42.020 And the idea was a number of punches, not just one offensive, but a combination of punches up and down the line.
00:10:49.120 And the line stretches all the way from the Atlantic to Switzerland, really.
00:10:53.400 So, that's exactly what he planned.
00:10:55.900 He trained up a load of, what they call, shock troops.
00:10:59.600 Sort of, not quite modern-day special forces, but certainly much more specialised, highly trained troops than your normal, average soldier from World War I.
00:11:08.420 Well, today, they would just be sort of a normal soldier, but back then, still, they were sort of specialised, what they thought of as specialised troops.
00:11:17.880 Ludendorff just simply said, war consumes men, that's its nature.
00:11:22.320 So, these guys, all sort of like von Falkenheim, Bosch, the French general, famously, one of our commanders, were, when we look back on it, seemed very sang-fired, very cold-blooded about using tens of thousands, hundreds of thousands of lives.
00:11:44.120 Oh yeah, blood was a currency they spent freely.
00:11:46.460 How you guys talking about there, for our guys, but lots of them, they were just, the calculation was simply that, well, we just will lose tens of thousands or hundreds of thousands of guys if we do this, this thing, whatever it is.
00:11:58.480 Yeah, and then when it did it.
00:11:59.800 Yeah.
00:12:00.000 So, today, doctrines of war are just not like that, just not prepared to do that.
00:12:08.160 It's a much more 19th century way of looking at war, is that, well, if we do this and lose 800,000 men, like at Verdun, for example, they lost more at Verdun, but say, this offensive that's going to last for three months, we might lose half a million guys.
00:12:22.500 Well, the other side will lose half a million, so, it's worth it then.
00:12:26.940 You know, seems insane, right, to us now, but there you go, that was sort of, a lot of the thinking.
00:12:32.580 So, Ludendorff decides he's going to have this multiple punch combo thing, the Kaiserschlack, started with Operation Michael, that's the wiki page there.
00:12:43.120 You can see, about a quarter of a million men aside, were chewed up in that, 72 divisions, I mean, giant, giant stuff, dwarf in the Napoleonic Wars, or the American Civil War even, both of which are giant conflagrations, giant.
00:13:02.980 But World War I, there's sort of nothing like it, it's a madness, true, true madness.
00:13:08.680 Well, Michael was, it was a success to a limited degree, what does wiki say, was it a result, okay, so it's just part of a larger thing.
00:13:20.160 So, the next punch was going to be Operation George, but they had to, had to dial it down a bit, so they ended up calling it Georgette.
00:13:27.680 Or some, or some others call it the battle, like Lee's, Lies.
00:13:33.620 Again, just 100,000, 120,000 guys apiece, chewed up in that one.
00:13:41.820 Well, to go back to your sort of, your specialisation, to field 100,000 people as just the totality of your army in ancient times would have been a formidable army that you could conquer, you know, entire continents with, potentially.
00:14:00.040 And so, the fact that in just one battle, these are the losses, it sort of puts it into perspective.
00:14:08.300 Because, of course, those numbers are very difficult to actually get your head around.
00:14:13.340 And I think that it's very, very difficult to look at that number and think that every one of those people had friends and family and the human tragedy of the thing.
00:14:24.600 Each one of them a family destroyed on some level, yeah.
00:14:27.180 I know it's the same in France, but in England, you go to any, almost any small market town, and there'll be a World War I memorial.
00:14:35.820 Any small little village, church, and there'll be a list of names.
00:14:40.580 And often it was the best and brightest who died.
00:14:42.360 They're the ones who signed up before they were conscripted.
00:14:45.120 They're the ones who did a lot of the dying.
00:14:46.660 I sometimes think about the Britain that we could have if we hadn't have engaged in this madness.
00:14:52.680 A whole generation wasted and maimed and traumatised.
00:14:57.180 I went to Prince Town in Devon over the summer.
00:15:02.180 There's only a very small town, you know, it's basically known for having a brewery and Dartmoor Prison, and that's about it.
00:15:08.480 And their war memorial had 40 or so names, so that would have been a sizable portion of the town dead.
00:15:16.680 And sometimes, particularly earlier on in the war, sometimes you'd have whole villages join up and they'd put them in the same regiment.
00:15:23.820 And so if that particular regiment was at the forefront of a big offensive and got mown down 90-plus casualties,
00:15:33.440 or 100% casualties sometimes, all the menfolk of that village wiped out.
00:15:37.740 Yeah, unbelievable human misery and suffering was caused.
00:15:43.440 Unbelievable.
00:15:46.580 Yeah, I mean, I say unbelievable, it's easy just to say that word, but it is unimaginable.
00:15:50.700 You couldn't really...
00:15:52.460 If we had something like it today...
00:15:54.420 Well, it did traumatise a whole generation or more.
00:15:58.780 As I say, we really are still living in the shadow of it.
00:16:00.880 Well, and a lot of first world young people today think they're traumatised because they hear an opinion they don't like.
00:16:06.720 You know, imagine living through this.
00:16:10.780 How many men that weren't maimed or killed came home but had lived under bombardment or narrowly escaped death?
00:16:15.800 Or merely lost a limb or something?
00:16:19.300 Well, even if you were untouched, the effect of having to lie in a ditch for several years,
00:16:24.180 while explosion after explosion, shower of mud, scraps of metal and all the rest of it came raining down on you regularly.
00:16:32.960 I mean, even if you were untouched, it must have been utterly traumatic.
00:16:35.600 I'd imagine that trench warfare, if you're stuck in the trenches, particularly when it's rainy and muddy and horrible and you're getting trench foot,
00:16:43.700 that is about as close to hell on earth as we've probably ever got as a species.
00:16:50.900 A lot of the accounts say that until you've suffered under a bombardment,
00:16:54.940 in other words, you've just got to sit there while the enemy shells you,
00:16:57.660 just hope one doesn't fall right on top of you,
00:17:00.000 that until you've experienced that, you can't understand.
00:17:03.460 You know, lots of guys say that about all sorts of war until you've been under fire, just small arms fire.
00:17:07.020 Well, being under a sustained bombardment, lots of people went mad.
00:17:12.240 They called it shell shock.
00:17:13.040 Now we'd call it post-traumatic stress disorder or something.
00:17:15.900 But men literally go mad and never recover from it and stuff like that.
00:17:22.340 Yeah, World War II, the actual casualties are bigger in World War II,
00:17:25.980 depending on what country you're talking about and stuff.
00:17:28.060 But just for the sheer horror for the men, the fighting men,
00:17:33.520 the Western Front is sort of kind of as bad as it gets.
00:17:37.640 Places like Verdun.
00:17:38.900 They also used chemical weapons, didn't they?
00:17:41.200 Oh yeah, oh God, yeah, lots and lots of gas.
00:17:43.880 Oh God, yeah, yeah.
00:17:44.560 Oh yeah, the gas as well.
00:17:45.920 Yeah, mustard gas, phosgene gas, chlorine gas.
00:17:49.100 Yeah.
00:17:49.240 Okay, so the third punch in Ludendorff's combo was, what did he call it?
00:17:56.900 That's what it's called now.
00:17:59.040 He called it, was it Blücher, Operation Blücher York, but the third battle of the Aen.
00:18:03.780 And so 130,000 casualties, I think, aside roughly on that one, what are we looking at?
00:18:10.900 Yeah, again, just mind-bending, mind-bending numbers.
00:18:18.340 But that was supposed to win the war.
00:18:21.000 Ludendorff had calculated that he would punch through to Paris and end the war and win for the Germans.
00:18:26.880 And it could have happened.
00:18:28.560 What was his miscalculation then?
00:18:30.000 What did he get wrong?
00:18:30.620 Well, a number of things, a number of things.
00:18:35.580 Basically, he hadn't learnt the lessons that the Allies had learnt,
00:18:40.680 that it's much, how difficult it was to be on the offensive in the Western Front
00:18:46.160 or during the beginning of the 20th century.
00:18:49.840 He was overconfident in the sort of ground he would cover and all that kind of stuff.
00:18:53.960 Yeah, it petered out, basically.
00:18:55.980 The Kaiserschlag petered out.
00:18:57.520 But, yeah, at that point, there's always an arms race between defensive and offensive war.
00:19:05.140 And at that time, defensive war was just, had outstripped offensive war by a long way.
00:19:11.040 The Germans didn't have very many tanks.
00:19:14.060 We'd started using tanks the year before, and they built some of theirs.
00:19:17.380 1916 when they started using those, wasn't it?
00:19:19.760 Yeah, yeah.
00:19:20.080 That sort of time.
00:19:20.480 And in 1917, it came into its own, and the Germans were a bit behind on that,
00:19:23.740 but they had some primitive tanks.
00:19:25.860 And they had aircraft, but not really enough.
00:19:28.600 They weren't sort of doing proper combined arms warfare properly.
00:19:33.960 And it just petered out.
00:19:35.120 It's just very, very difficult.
00:19:36.200 It's one thing to break through a trench line,
00:19:38.720 or even if the other side's got defence in depth,
00:19:41.940 it's one thing to keep punching through the trenches.
00:19:44.340 But to continue the momentum, that was, at this point, almost impossible, it seems.
00:19:50.900 Complete sideline, but I'll throw it in there because I always found it fascinating.
00:19:55.160 Apparently, tanks had a completely different name when they were first designed.
00:19:59.760 But the only shipping crates big enough to put them in were for tanks, big water tanks.
00:20:04.240 So they stuck them in these boxes and shipped them off.
00:20:07.480 And everybody saw these things turn up in boxes with tank written on the side.
00:20:11.100 And so the old name has just lost to history.
00:20:12.940 We just call them tanks now.
00:20:13.860 Right.
00:20:14.540 Yeah, it's very interesting.
00:20:15.840 I'm fascinated by the earliest tanks.
00:20:19.920 There are some pretty wacky designs.
00:20:21.600 Yeah.
00:20:22.000 Some of the German ones were massive.
00:20:23.400 They had a crew of, like, 15, 18 guys.
00:20:26.040 Wow.
00:20:26.420 And there was all different doctrines.
00:20:27.900 Just after the war, the French went with sort of smaller, much more mobile tanks.
00:20:32.040 And anyway, yeah, the earliest tanks were fascinating stuff.
00:20:36.640 So the Allies realised that the Germans had sort of tried their hardest to push through in the summer of 1918.
00:20:46.080 And that if we did a big enough counter-offensive, we could break them entirely.
00:20:51.880 And that's sort of exactly what happened.
00:20:53.420 But it took a massive, massive push.
00:20:57.520 And this is after four years of the worst war that's ever happened.
00:21:00.160 I've got this book here, which I find a fascinating one.
00:21:02.260 It's by Martin Evans.
00:21:03.840 And he said this.
00:21:05.440 The blows that rained down on the German forces.
00:21:07.320 This is for the Allied counter-offensive.
00:21:11.140 The blows that rained down on the German forces followed one after another so swiftly that the opportunity to reinforce one sector at the expense of another was denied to Ludendorff.
00:21:19.900 As a result, the pressure exerted on him in Flanders, Artois and Picardy, principally by British and Empire forces, was to break the German army as a fighting force, obliging the German government to salvage what they could by means of an armistice.
00:21:32.900 So it had always been the case that the British forces, not just English, all sorts, everything, South Africans, Australians, Canadians, Scots, Welsh.
00:21:42.560 Lots of people from the Empire, basically.
00:21:43.980 Yeah, all over the place, yeah.
00:21:45.920 We would hold, we held the front closest to the Atlantic and the French held the rest of it.
00:21:51.940 So the idea largely, it's more complicated than this, but the French would hold steady where they were, all the way from Switzerland and Verdun, all the way up.
00:22:00.700 But in really, really northern France, northern France, near the Atlantic coast and into Belgium, we would do the majority of pushing forward and breaking the German line.
00:22:11.220 And that's sort of what happens.
00:22:12.540 So the Canadians, as I say, had a massive part of that, near Arra, as Vimy Ridge, I mentioned, been stalemate for years and years and years.
00:22:22.500 They eventually broke through there.
00:22:25.060 There's the Soissons Front.
00:22:27.900 Marshal Foch, the French commander, had the idea of a giant pincer movement.
00:22:33.740 There was a salient there, a bulge in the line, where you always pinch off any sort of bulge or salient in the line.
00:22:39.860 And it was a giant, giant pincer movement, but that was his idea.
00:22:43.840 It took a long time to build up and counter, but that's what he did.
00:22:47.060 On the Somme Front, and the Americans got involved.
00:22:50.560 So the Americans, by the end of, by summer 1918, they were there in large numbers.
00:22:56.120 They were going to keep ramping it up, but they were already there.
00:22:58.800 I mean, the Americans in World War I, in just a few months, took well over 100,000 casualties.
00:23:03.960 But they were gung-ho.
00:23:04.820 They were sort of too gung-ho in a way.
00:23:06.340 They were fresh and healthy and well-fed and bigger men.
00:23:11.700 The French and the English were always surprised how big Canadians and Americans were, how healthy they all seemed.
00:23:17.820 But they were sort of too gung-ho.
00:23:19.460 They wouldn't really listen to, Blackjack Pershing wouldn't really listen to French and British commands and said,
00:23:25.160 no, you can't just charge machine gun posts.
00:23:27.760 And, you know, in the old Napoleonic 19th century fashion, if you do it brave enough and gallantly enough, you'll take the position.
00:23:37.740 I mean, sometimes that would happen.
00:23:39.360 There are quite a lot of Medal of Honor citations from World War I which say exactly that.
00:23:43.260 But largely, you're just going to get mown down.
00:23:45.640 And Pershing didn't really listen to that.
00:23:47.300 But still, the Americans fought incredibly, incredibly in World War I for the relatively short amount of time they were there.
00:23:55.900 I mean, the Americans fought at Argonne, broke through at Argonne and in Flanders and on the Meuse.
00:24:01.120 Lost 75,000 guys on the Meuse, the Meuse River alone.
00:24:05.320 So, they definitely did their part.
00:24:09.740 So, in the end, in the end, where the Kaiserschlacht had petered out like an elastic band, sort of snapped.
00:24:19.140 And then we were able to break through and eventually get into the Hindenburg line and then the Siegfried line behind that and advance on into Belgium.
00:24:28.980 I mean, even in October 1918, Ludendorff was sending communications to Woodrow Wilson, trying to get some sort of negotiated peace, rather than just an outright, abject surrender.
00:24:42.700 Well, that's what it did end up, the Germans just surrendered.
00:24:45.040 There wasn't a negotiated peace.
00:24:46.740 They sort of had to surrender.
00:24:48.160 The thing that's also worth mentioning is that after the war, in the interwar period, and Hitler and the Nazis,
00:24:54.360 there's this idea of a stab in the back, that Germany wasn't defeated in the field, and they were just stabbed in the back by politicians and stuff.
00:25:04.580 And historians always argue how true, if at all, that is.
00:25:07.800 But it does seem that they were defeated in the field, though, because Ludendorff and the Kaiser would never have given in otherwise.
00:25:13.880 They just would not have given in if that wasn't the case.
00:25:17.840 But anyway, historians still argue about that.
00:25:20.940 I've got another quick thing to read out here.
00:25:24.420 It's an account from a private, an American private, Private Donald D. Kyler of the 16th Infantry, 1st Division.
00:25:31.860 He said this.
00:25:33.780 I was 17 and one half years old.
00:25:36.820 It was over one year since I had first entered combat.
00:25:39.660 During that time, I had seen many men, my friends, my acquaintances and others, maimed and killed.
00:25:44.800 At no time, either at the front or behind the lines, was I ever away from the sound of battle.
00:25:49.660 Sometimes it was faint and far away, but always there.
00:25:53.380 At first, I had been very much afraid.
00:25:55.740 Then, gradually, insensitiveness to danger, so far as fear was concerned, came.
00:26:00.760 I realised a danger with my mind and could take measures to counteract it.
00:26:05.440 But the emotions, life or death, were sort of blocked out.
00:26:09.220 It seemed to me as though the dead were luckier than I was.
00:26:12.860 I could see no end to the war and did not expect to survive.
00:26:16.200 It did not seem probable at the time.
00:26:17.980 I was tired physically and mentally.
00:26:21.140 I had seen mercy killings, both of our hopelessly wounded and those of the enemy.
00:26:25.520 I had seen the murder of prisoners of war, singly and as many as several at one time.
00:26:30.540 I had seen men rob the dead of money and valuables, and had seen men cut off the fingers of corpses to get rings.
00:26:37.360 Those things I had seen, but they did not affect me much.
00:26:40.760 I was too numb.
00:26:41.900 To me, corpses were nothing but carrion.
00:26:43.980 I had the determination to go on performing as I had been trained to do, to be a good soldier.
00:26:50.260 I think that's a 17-year-old.
00:26:52.080 And I read, out of any number of accounts I could read, I read that because there's so many just like that.
00:27:00.580 So many just like that.
00:27:02.600 And again, appalling, right?
00:27:04.080 Absolutely appalling.
00:27:05.640 And you go around the rest of your life with that trauma.
00:27:09.060 Well, of course, many of these men were very young.
00:27:13.000 Your brain continues to develop until you're 25.
00:27:15.220 So they're not going to ever be able to recover from this experience, really.
00:27:19.840 Still a child.
00:27:21.780 In many ways, yeah.
00:27:22.900 Just a kid.
00:27:24.660 Well, of course, that generational trauma would have been passed down the generations as well.
00:27:28.660 He might just have been old enough to fight in the Second War as well.
00:27:30.920 OK, so eventually we broke the lines and they sort of, the Germans felt they, or did really, have to give in.
00:27:39.660 Unless we were going to, like in World War II, march all the way to Berlin, which they just weren't prepared to do.
00:27:43.840 The Kaiser had to abdicate.
00:27:46.120 That became a sticking point for the Allies.
00:27:48.900 The Kaiser's got to abdicate.
00:27:50.820 And eventually he did.
00:27:51.600 At one point he threatened, no, I'll never abdicate.
00:27:53.660 I'll march what remaining men we've got back.
00:27:55.740 And I'll march them and fire on Berlin before I do that.
00:27:58.880 He threatened that at one point.
00:27:59.700 He didn't do it.
00:28:01.380 Stephen, he wasn't that mad.
00:28:04.380 OK, so the last thing then, coming down to the final day.
00:28:09.500 Famously, people might know, that they fought all the way up to 11am.
00:28:14.500 Both sides still, like, using up their ammo and shells right up to the last minute, literally.
00:28:18.860 That bit for me is the most absurd.
00:28:21.560 I mean, all of this other stuff is absurd.
00:28:23.640 But that bit is totally absurd.
00:28:25.260 It's just throwing men away for the sake of it.
00:28:28.020 Harry Truman, President Harry Truman, was a young man.
00:28:30.380 A captain, an artillery captain at the time.
00:28:33.200 He said, yeah, he fired his last shell at 10.45 that morning.
00:28:35.960 So to round off this segment, I'll just read another little thing here from Martin Evans.
00:28:42.300 He says,
00:28:43.320 At 10 past 5 on the 11th of November, the Germans signed the terms of an armistice to come into force at 11 of the same day.
00:28:52.480 The British 4th Army sent a message to the headquarters of the 2nd American Corps at 7.35, which read,
00:28:59.440 Hostilities will cease at 1100 hours today, November 11th.
00:29:03.300 Troops will stand fast on lines reached at that hour, which will be reported by a wire to advanced army headquarters as soon as possible.
00:29:10.440 Defensive precautions will be maintained.
00:29:13.020 There will be no intercourse of any description with the enemy until receipt of instructions from army headquarters.
00:29:19.300 Further instructions follow.
00:29:23.180 It's as simple as that.
00:29:24.460 The whole war comes to an end with an order like that.
00:29:27.060 And Evans goes on to say,
00:29:29.500 On the 10th of November, at about 11 in the evening,
00:29:33.880 The Canadians had begun their quiet entry into Mons.
00:29:36.560 The 5th Lancers, who had fought here in the famous Battle of 1914, took Saint-Denis.
00:29:42.580 The 2nd Division circled south of Saint-Denis and pushed northeast to Havre and cleared the Bois du Rapport.
00:29:49.500 One of the 2nd Battalions of the 28th Northwest went beyond Havre to Ville-sur-Haine.
00:29:55.580 There, at 10.58 hours, so two minutes before,
00:30:01.480 A Canadian soldier was talking to excited villagers outside 71 Rue du Monde when a shot rang out.
00:30:08.740 Private George L. Price fell dead.
00:30:11.620 So some say he's the last guy to die during the war.
00:30:15.620 There's actually, fighting didn't stop at the stroke of 11.
00:30:18.580 Actually, some people were still fighting a bit after that, and other guys died.
00:30:22.500 But on that last day alone, over 2,700 men died.
00:30:27.880 I know there was a cavalry charge ordered with 10 minutes to go.
00:30:34.240 It sort of epitomises, doesn't it, the disregard for human life that many people had that were running these military operations.
00:30:46.480 Well, even after the example of the last four years, many people still thought it was a glorious thing to fight and even die in battle.
00:30:55.320 It was a glorious, glorious thing.
00:30:56.600 It was a superb way to spend your life, or to die.
00:31:00.380 Most people still thought that.
00:31:05.340 So just to finish up here, Martin Evans said,
00:31:07.700 The Scots Fusiliers, Wrights reported, who was a Lieutenant Colonel, Lieutenant Colonel Wrights, he reported,
00:31:14.240 Maintained comparatively unmoved by the news of the armistice.
00:31:17.740 And then, this is his words, he said,
00:31:19.340 A few cheers were raised, and there was a solemn handshaking and slapping of backs,
00:31:23.580 but otherwise they received the great event with calm.
00:31:26.660 That's something that comes up again and again when the war ended.
00:31:29.540 People weren't exactly jubilant.
00:31:31.260 Soldiers on the battlefield, that is.
00:31:33.880 Were not exactly jubilant.
00:31:34.980 You probably wouldn't be, would you?
00:31:38.040 You've still been traumatised by it.
00:31:40.920 The civilians back home can pop champagne and stuff and have a party,
00:31:44.320 but the men on the front largely didn't react that way.
00:31:47.520 He said,
00:31:47.940 The telegram informing the parents of 2nd Lieutenant Wilfred Owen, the great poet Wilfred Owen,
00:31:53.020 of their son's death in the Battle of Sombra on the 4th of November,
00:31:57.200 was delivered to their home that morning.
00:31:59.080 The air was full of the sounds of church bells welcoming the end of the war.
00:32:02.440 And then finally,
00:32:03.280 A year or so later, General Monash,
00:32:05.860 Sir John Monash, an Australian general,
00:32:08.180 who actually I think fought alongside the Scots,
00:32:10.840 but he was an Australian,
00:32:11.940 recorded his views on the ending of the war.
00:32:14.460 So General Monash wrote this.
00:32:16.700 It must never be forgotten that whatever claims may be made to the contrary,
00:32:21.160 Germany's surrender was precipitated by reason of her military defeat in the field.
00:32:25.860 Her submarine campaign, disappointing to her expectations as it had been,
00:32:30.540 was still a potent weapon.
00:32:31.620 Her fleet was yet intact.
00:32:34.240 Our blockade was grievous, but she had in fact survived it,
00:32:38.160 even though it continued in force for a full eight months after her surrender.
00:32:41.240 The defection of Bulgaria and the collapse of Turkey might conceivably be a source of increased military strength,
00:32:49.360 even if one of political weakness.
00:32:51.160 Had she been able to hold us at bay in France and Belgium for another month or six weeks,
00:32:56.520 she could have been assured of a respite of three months of winter in which to organise a levy en masse,
00:33:01.760 i.e. a whole new load of men.
00:33:04.980 Who can say that the stress of another winter and the prospect of another year of war
00:33:09.280 might not have destroyed the Entente combination against her?
00:33:13.080 On these grounds, I believe that the real and immediate reason for the precipitate surrender of Germany
00:33:17.940 in November 1918 was the defeat of her army in the field.
00:33:22.700 So there you go, some people still do argue that Germany was stabbed in the back,
00:33:28.420 but most serious historians do agree that Ludendorff had no real choice by early November.
00:33:37.980 In fact, he knew it was over by August and was actively trying to sue for some sort of peace all through October.
00:33:47.800 So there you go, that's the story of the Armistice.
00:33:50.460 I have got other content, I think a year or two or three back,
00:33:53.880 where I did a whole piece of content, it might have been an epox about it,
00:33:58.100 I think it was in the old studio with Carl.
00:34:00.680 So that story in more detail, in sort of three times as much detail.
00:34:04.160 So maybe look that up.
00:34:05.200 Or read about it for yourself, fascinating and harrowing stuff.
00:34:10.180 Okay.
00:34:11.360 Would you be able to pass me that?
00:34:12.740 Yeah, sure.
00:34:16.360 I'd like to say I've got a nice uplifting segment, but I don't.
00:34:19.780 I'm sorry about that.
00:34:20.920 We do have some rumble rants as well.
00:34:23.840 Would you like to read those, Beau?
00:34:25.300 Probably for you.
00:34:27.580 Okay, that's a random name.
00:34:28.960 It says, the Canadians in World War I were known to not take any prisoners.
00:34:35.140 They were merciless units.
00:34:37.120 They were merciless because units were composed of soldiers who grew up together.
00:34:41.280 Imagine watching your childhood friends die around you.
00:34:45.360 Yeah, World War I was pretty brutal when it came to prisoners.
00:34:49.340 I mean, say a machine gun post that had mown down most of your village,
00:34:54.840 and you could take them prisoner.
00:34:56.680 You'd probably just shoot them.
00:34:57.720 But then there are also lots of examples of people doing the exact opposite.
00:35:05.980 It was a large war.
00:35:08.900 Lothar Führer says...
00:35:11.400 Truther.
00:35:12.040 Truther.
00:35:12.440 Oh, is it?
00:35:12.920 Yeah.
00:35:13.160 Lothar Truther.
00:35:14.180 Sorry.
00:35:14.700 There's a lot of glare on your screen.
00:35:15.940 Yeah.
00:35:16.680 It says, went to the Tynecott Cemetery a few years ago.
00:35:20.140 Thousands and thousands of graves adorned with simply a soldier of the Great War,
00:35:24.920 or known unto God, because the mangled corpses couldn't be ID'd.
00:35:29.520 Rest in peace.
00:35:30.300 Yeah, absolutely.
00:35:30.780 I've been to some of the war cemeteries in northern France,
00:35:35.420 like I say, around the Arras region and Vimy Ridge,
00:35:37.660 and they're gigantic, absolutely gigantic.
00:35:41.660 And a lot of them don't have the name because it was just a mangled corpse
00:35:45.020 or a bit of a corpse.
00:35:46.500 So, yeah, just known unto God.
00:35:47.700 The German ones are even bigger,
00:35:51.360 and most of the graves contain three, four, five bodies apiece.
00:35:59.100 And no names on them.
00:36:00.640 It's a waste of human life, isn't it?
00:36:02.240 Yeah, an unbelievable wastage.
00:36:04.260 Unbelievable.
00:36:05.380 And finally, that's a random name again, says,
00:36:07.700 I feel compelled to remind you all that these stories are nothing compared
00:36:12.000 to everything the diverse masses have suffered, like microaggression.
00:36:16.800 I think they're being sarcastic there.
00:36:18.120 I would say so, yeah.
00:36:20.060 Or not enough gibbs.
00:36:22.280 Diversity rebuilt Britain, y'all.
00:36:24.780 Yeah.
00:36:25.220 Yeah, right.
00:36:29.040 Anyway, time to depress you more.
00:36:31.980 So, on the 7th of November, Muslim gangs went out hunting for Jews in Amsterdam.
00:36:39.080 And what kicked all this off, if you pardon the pun,
00:36:42.440 it was a football match between Ajax and Maccabi Tel Aviv.
00:36:46.220 It was a Europa League match, which Ajax won 5-0, by the way.
00:36:50.320 But that's the last mention of football that we're really going to get.
00:36:52.780 So, it's also worth mentioning, in a sort of bitter twist of irony here,
00:36:58.220 that Ajax fans have a reputation for being disproportionately Jewish.
00:37:02.880 And so, it's very similar to Tottenham Hotspur.
00:37:06.100 Yeah, in London, right?
00:37:07.780 They're a Premier League side, if you don't know.
00:37:09.860 This is all football, or if you're in the global minority, soccer.
00:37:13.020 But, yeah, so it was based around a football match,
00:37:19.320 but a lot of this stuff, to my mind, doesn't seem related to the football.
00:37:23.220 That was the reason that these Jewish people were there in Amsterdam.
00:37:27.580 They were there to watch their home team.
00:37:30.560 And, as we can see here, for example...
00:37:33.460 And Tel Aviv, I imagine most of their fans...
00:37:36.020 That's what I mean.
00:37:37.200 All right.
00:37:37.880 But Ajax fans as well?
00:37:39.400 Yeah, yeah, yeah, of course.
00:37:40.420 Yeah, yeah, yeah.
00:37:41.020 Well, okay, right, right, right.
00:37:44.240 But here you can see just great big crowds of people chasing people down
00:37:50.820 and just beating them up.
00:37:54.080 And we're going to see a lot of that.
00:37:55.560 There is going to be lots of videos of these sorts of things going on.
00:37:59.940 So, if you are sensitive to this sort of thing, I wouldn't suggest watching.
00:38:05.160 But I think it's very important to see the nature of these things going on,
00:38:08.840 because these are your streets.
00:38:10.380 This could happen to you.
00:38:11.680 And I think it's important to know what the world is like.
00:38:16.420 And you shouldn't mollycoddle it.
00:38:17.480 What the world is like now, anyway, after we've invited so many people.
00:38:19.740 Exactly.
00:38:20.300 And that's going to be one of those themes that I'm going to be addressing.
00:38:24.200 Because I think that this is something that needs not happen.
00:38:29.120 That it's not the native Dutch doing this.
00:38:33.000 It is Muslims doing this.
00:38:34.440 And we'll see plenty of evidence of that.
00:38:39.140 So, if we could go to the first video, Samson.
00:38:44.100 So, this is a video of people hunting down a guy who's saying,
00:38:49.400 I'm not even Jewish, basically.
00:38:51.220 And they're hitting me on the ground, hitting him there.
00:38:56.000 Yeah, they're just beating random people up that they just suspect could be Jewish.
00:39:01.840 He claimed not to be.
00:39:02.860 I don't know whether he was or not.
00:39:05.120 But you're saying it in English, which is interesting.
00:39:09.200 There's an even more shocking video.
00:39:10.800 This is probably one of the worst ones.
00:39:12.540 Where a Muslim seemingly recorded himself driving on the pavement deliberately,
00:39:18.660 running people over.
00:39:20.720 I don't know whether it's a particularly good idea.
00:39:22.940 Can we just show the start of the video, Samson,
00:39:25.620 and not actually show them hitting people, if possible?
00:39:27.760 Just to show that it does exist.
00:39:32.020 But if we can pause it.
00:39:33.060 Oh, cheers.
00:39:35.740 But, yeah.
00:39:37.720 This is the sort of thing that's going on.
00:39:39.620 If only the British police were there.
00:39:41.060 Because they could have gone up to these mobs and said,
00:39:43.200 you know, would you please leave your weapons in the mosque?
00:39:46.040 Are you going to leave your car in a mosque?
00:39:48.760 Car park, I guess.
00:39:49.520 And if we go back to the links here, here we are.
00:39:55.340 So they were going around and stopping people and asking for IDs
00:39:58.960 for basically to get random people to prove that they were or were not Jewish.
00:40:06.360 You see this guy here.
00:40:07.660 He's been stopped.
00:40:08.720 And they're asking him to show his ID.
00:40:10.300 And obviously he's a bit like, what's going on here?
00:40:12.620 What are you on about?
00:40:14.600 And so these roving gangs of Muslims are in a country which,
00:40:18.800 they're not native to, imposing their views on the native population.
00:40:24.200 Obviously it's not the native Dutch.
00:40:25.460 There's no appetite for it.
00:40:26.720 From the reaction of Dutch people, it's universally horror from what I've seen.
00:40:32.020 And rightly so.
00:40:33.140 I mean, to see this happening on your streets to people who haven't done anything is horrible.
00:40:40.580 You can see he's actually gone and got his ID out in the end here.
00:40:43.220 And then if we go to the final video, Samson, there's more evidence of this going on.
00:40:53.320 There's, I found this one online of them just fighting in the streets.
00:40:57.140 And there's plenty more where this came from.
00:41:00.780 The video of someone getting thrown into a canal.
00:41:04.860 They were also, it was alleged that people were kidnapped as well.
00:41:08.640 They also, if we can stop the video here, they also beat up women as well.
00:41:15.280 And presumably, they didn't check people's IDs to see if they were over the age of 18.
00:41:21.340 So I imagine they probably targeted some people who were younger as well.
00:41:25.540 Here's a woman who's been punched.
00:41:27.500 I've just got a screenshot of that one because it's horrible.
00:41:29.940 This is something that has been imported to the Netherlands and the rest of Europe as well,
00:41:37.320 whereby these are Muslim people who have brought their religious conflict to Europe where it doesn't belong.
00:41:45.760 We wouldn't be doing this.
00:41:47.460 Well, our Western governments have brought them here anyway.
00:41:49.680 That's true, yes.
00:41:50.560 And I saw a tweet here from Eva Vladdingerbrook, who, if you can guess from the name, is Dutch.
00:41:57.940 And she points out something which is something I've noticed as well.
00:42:02.220 And she says,
00:42:03.000 This isn't new or limited to anti-Semitism, though, especially the Moroccan youth,
00:42:07.120 which are the people implicated in a lot of this,
00:42:09.860 who have been harassing, hunting down and plaguing the native Dutch population for decades.
00:42:13.880 But nobody ever cared.
00:42:15.220 Those of us who dared to speak up were labelled racists and mid-century German enthusiasts.
00:42:21.060 And were shunned.
00:42:21.800 And mind you, these young migrants are often fourth or fifth generation already.
00:42:26.060 You can barely call them migrants,
00:42:27.500 but they're more hostile to the West than their parents and grandparents.
00:42:30.080 The idea that integration comes with time is a lie that is directly refutable
00:42:34.120 when looking at the situation in the Netherlands.
00:42:35.860 And it's also directly refutable.
00:42:37.580 If you look at crime data from other European countries as well,
00:42:40.680 you look at, say, some of the Scandinavian countries, Sweden, Denmark.
00:42:45.320 You can look at some UK data, other data around Europe.
00:42:49.220 It shows that actually it's the second generation and third generation
00:42:53.680 that are even more overrepresented in crime.
00:42:58.160 The first generation are already overrepresented as is,
00:43:00.720 if they're from North Africa, the Middle East, Sub-Saharan Africa.
00:43:06.120 All of those demographics are overrepresented.
00:43:08.500 Places like Japan, massively underrepresented.
00:43:11.120 It tells you something about their culture, doesn't it?
00:43:13.020 Because it's not just that they're an immigrant or that it's their rate of poverty.
00:43:17.860 It's not socio-economic factors because in Britain, for example,
00:43:21.860 the people most likely to be in poverty,
00:43:24.180 which is a questionable metric in and of itself
00:43:26.780 because it's calculated based on the median,
00:43:28.660 so it's always people in poverty,
00:43:30.320 but that's by the by.
00:43:31.900 It is Pakistanis and Bangladeshis
00:43:34.000 who are not the most overrepresented in violent crime.
00:43:38.700 And so this link between poverty or socio-economic factors is not true.
00:43:43.420 It is a cultural phenomenon.
00:43:45.640 And I think we can see that by the nature of the crimes here.
00:43:48.580 As a general rule, and I do mean in very broad strokes of the brush here,
00:43:53.980 historically, people don't integrate.
00:43:56.780 It's not really a thing throughout most of human history.
00:43:59.980 People don't really integrate.
00:44:00.980 They're not really interested in it.
00:44:02.220 They build enclaves of their own.
00:44:03.680 And I'm not really interested in the project of integration anymore.
00:44:09.560 I feel like even people that just call for better, closer, deeper integration,
00:44:16.520 they're the same types that just want to hear about the context of the last crime.
00:44:20.760 They're just prevaricating.
00:44:22.000 Well, if you look at the evidence, it's failed, hasn't it?
00:44:24.380 It's absolutely failed.
00:44:25.340 It's not going to work.
00:44:26.900 I don't want to try harder to integrate these people.
00:44:29.860 Well, it's like inviting someone into your home,
00:44:33.300 and then they insist on following rules that they would have in their own home.
00:44:37.180 That makes you a bad house guest, and it makes you a bad guest in another country as well.
00:44:41.320 If I go abroad, even just on holiday, I obey the rules of the country I'm in.
00:44:47.480 It's just good manners to do that, right?
00:44:49.980 And so to go to another country and then impose your culture on someone means that...
00:44:54.920 And I, by the way, disavow this when it's drunk Brits abroad as well.
00:44:58.280 If we're going to the Balearics and ruining the nice, quaint island life,
00:45:03.900 I think that's a really bad thing too.
00:45:06.120 It's not that I have a double standard.
00:45:08.140 It's that I think that this is just a massive disrespect to the people who live there,
00:45:15.580 to the Dutch people having to tolerate this,
00:45:17.640 to the Jewish people who got beaten up, obviously,
00:45:20.640 as well as lots of other cultures as well,
00:45:22.860 whereby we're expected to tolerate things that in another time would not be tolerated,
00:45:30.140 but we apparently have to.
00:45:32.900 It's like inviting a tiger to tea.
00:45:35.440 And it's not only the cultural problems and the violence and the crime.
00:45:39.120 In this article that Connor wrote that he put me on to,
00:45:42.280 I can't remember exactly where it is,
00:45:44.400 but I'm going to read this extract.
00:45:45.960 Non-EU migrants and their descendants in the Netherlands
00:45:48.600 were an annual cost of €27 billion between 2016 and 2019
00:45:53.720 and €400 billion net between 1995 and 2019.
00:45:58.240 This group are, on average, never-net-tax contributors across their lifetimes.
00:46:03.080 By contrast, Western European, East Asian and Anglosphere migrants
00:46:06.860 made an annual net contribution of $1 billion.
00:46:10.920 It tells you all you need to know, doesn't it?
00:46:12.720 That is not only a cultural problem, a financial problem,
00:46:18.620 and many other different kinds of problem.
00:46:20.940 There's not even any reason.
00:46:22.200 And it's also worth mentioning as well,
00:46:24.040 this is a Dutch-born captain of Morocco's national football team,
00:46:27.880 and he was out there basically encouraging people
00:46:33.740 to go out and pursue these people.
00:46:38.220 And this has resulted in 62 arrests,
00:46:41.280 although I have seen people objecting,
00:46:43.040 saying a lot of these arrests happened before and during the football match
00:46:47.300 and not afterwards, where most of the violence happened.
00:46:50.280 But I've not been able to take the time to look at each individual arrest
00:46:54.660 because obviously it's a massive task.
00:46:56.600 I only had this morning to prepare for this.
00:46:58.780 But that's one of the things that's being discussed.
00:47:01.580 And it's also worth mentioning for the sake of...
00:47:03.560 Oh, sorry, I've got this as well.
00:47:05.760 It's been picked up by lots of international press.
00:47:07.860 This is a Hungarian outlet.
00:47:09.620 This is titled,
00:47:11.400 Migrants threw a Jewish fan into the river, kidnapped another,
00:47:14.160 and then threw him out of a moving car in Amsterdam.
00:47:16.900 And this is what's being discussed across the world.
00:47:20.080 And, you know, that previous article was the New York Times.
00:47:23.480 And so it's across the Atlantic as well.
00:47:28.260 And so, as I was about to say,
00:47:30.840 this is one that I do want the audio for, Samson.
00:47:33.560 So there was a minute's silence for the victims of the floods in Spain,
00:47:38.120 which, you know, perfectly reasonable, just happened.
00:47:42.300 And...
00:47:42.660 Doesn't sound very silency to me.
00:47:44.840 Yeah, these are the Tel Aviv fans making lots of noise.
00:47:49.140 And I don't think that these Muslims that went out
00:47:52.400 were particularly upset about this.
00:47:55.640 I don't think that's a valid excuse.
00:47:57.340 But for the sake of balance,
00:48:00.060 I would like to show that some people were not behaving themselves either.
00:48:03.540 That's a bit wrong.
00:48:04.600 Yeah, it's very disrespectful from both sides here.
00:48:09.740 And obviously, Islam and Spain,
00:48:13.780 long and storied history, don't always get along.
00:48:17.580 And there was also,
00:48:18.720 there were lots of Muslims pointing out
00:48:20.640 that some of these Tel Aviv supporters
00:48:23.280 were going out and taking down Palestinian flags,
00:48:27.680 which I can see why it would wind up some Muslims.
00:48:31.200 But again, it doesn't justify going out
00:48:33.880 and harassing people with IDs,
00:48:36.100 running them over with your car,
00:48:37.960 beating them up.
00:48:39.020 I think that collectively punishing people
00:48:42.400 is not the way to go.
00:48:43.880 We've sort of moved past that about a thousand years ago.
00:48:46.480 There is something more to the narrative
00:48:48.620 than the Tel Aviv fans did absolutely nothing.
00:48:53.280 And we'll put upon for doing absolutely nothing.
00:48:56.060 There is more to it than that, then.
00:48:57.480 Yeah, because obviously,
00:48:59.940 the Israel-Palestine conflict's been going on for some time now.
00:49:04.200 And this is a sort of next level of escalation.
00:49:07.360 And for that to happen,
00:49:08.560 you kind of have to presume
00:49:09.620 that something must have changed
00:49:12.540 for this to have gone on in the first place.
00:49:15.060 But it's also been suggested,
00:49:18.200 here are some screenshots from a WhatsApp.
00:49:20.780 Of course, you know,
00:49:21.760 take everything with a pinch of salt
00:49:23.280 because everything's still emerging.
00:49:25.680 Of someone saying,
00:49:26.640 hang Palestinian flags in the city,
00:49:28.300 they'll come like rats to take them down.
00:49:30.900 They're suggesting.
00:49:32.060 That's what they said.
00:49:33.480 And they're trying to claim
00:49:35.400 that it was baited, basically,
00:49:37.200 that they knew this would happen
00:49:38.360 and it would be a justification,
00:49:39.780 which I don't know.
00:49:41.320 You know, do I believe this?
00:49:43.420 It's possible.
00:49:44.620 Who knows?
00:49:45.580 But it's just what's being speculated at the minute
00:49:47.880 for the sake of complete transparency.
00:49:50.840 So there obviously was quite a response to this.
00:49:55.420 The king of the Netherlands said,
00:49:58.700 we failed Jews during the football attacks
00:50:00.640 as we did under the mid-century Germans.
00:50:03.480 Again, I'm saying this because of censorship online,
00:50:07.780 if I say that word.
00:50:08.860 Did the mid-century Germans import
00:50:10.320 hundreds of thousands of Muslims then?
00:50:13.000 No.
00:50:14.060 I don't think they did.
00:50:15.360 I feel like the Dutch kings
00:50:17.220 being a little bit harsh on the Netherlands.
00:50:19.600 I mean, they did what they could, right?
00:50:22.080 I think that's fair to say.
00:50:23.280 Beau, you're our resident historian.
00:50:24.840 Yeah, no, I mean, sure.
00:50:27.840 And the Dutch prime minister
00:50:29.600 denounced it as a pogrom against Israelis
00:50:33.220 and he had a call with Netanyahu.
00:50:38.180 Wilders also used that same word.
00:50:40.920 He says,
00:50:42.380 we've become the Gaza of Europe,
00:50:43.540 Muslims with the Palestinian flags
00:50:44.800 hunting down Jews.
00:50:45.580 I will not accept that, never.
00:50:47.160 The authorities will be held accountable
00:50:48.820 for their failure
00:50:49.480 to protect the Israeli citizens, never again.
00:50:51.660 Of course, Wilders being quite a strong Zionist,
00:50:54.540 he's quite open in his support for Israel.
00:50:57.160 And so he's obviously going to be very strong on this.
00:51:00.720 He also had von der Leyen saying
00:51:02.140 it's unacceptable, of course.
00:51:04.940 Her and the EU have been central
00:51:07.540 to importing lots of the Muslims
00:51:09.360 that are causing this in the first place.
00:51:12.560 So it's a little bit rich coming from her.
00:51:15.020 And there was a pro-Palestine rally afterwards as well,
00:51:18.920 which we'll be getting onto.
00:51:20.620 And the mayor at first described it
00:51:23.140 as boys on scooters.
00:51:24.500 It was just boys on scooters,
00:51:25.920 not just Muslims.
00:51:27.320 But then he must have wised up very quickly
00:51:29.800 because he also did put a ban
00:51:32.380 on pro-Palestine protests
00:51:36.000 and it actually resulted in the police
00:51:38.160 detaining about 50 protesters
00:51:40.300 at a pro-Palestine rally,
00:51:41.800 which they weren't allowed to do
00:51:43.060 because they said you're not allowed to do it
00:51:44.460 because of everything that's happened.
00:51:46.920 And we can see...
00:51:49.000 It's just a foreign imported mess though, isn't it?
00:51:51.680 I know, that's exactly my thoughts on it.
00:51:53.360 It's got no reason for this to play out
00:51:56.880 in North Western Europe.
00:51:58.280 No reason at all.
00:51:59.520 Random idea, but what about Europe for the Europeans?
00:52:02.800 I mean, that could work.
00:52:04.040 Yeah, I think that had we not had mass immigration,
00:52:08.920 this would not have happened.
00:52:10.160 That's undoubtable.
00:52:11.900 And of course, some of the Israelis did misbehave,
00:52:15.500 but I would imagine that we wouldn't have seen
00:52:18.280 the same level of street violence
00:52:20.240 had the Muslims not been residing there in the first place
00:52:23.340 and apparently they were going around
00:52:24.660 listening to whether people were speaking Arabic
00:52:27.020 or Hebrew or whatever
00:52:28.660 and if they were speaking Hebrew,
00:52:30.480 they were just going to beat them up.
00:52:32.660 And here is...
00:52:33.800 This is from the protest
00:52:35.080 where they're just trying to goad the police.
00:52:36.800 You can see some left-wingers.
00:52:38.640 Look, the short hair is the dead giveaway there.
00:52:40.900 But the police are coming in
00:52:42.500 and they're all there sort of goading them,
00:52:44.940 trying to get a reaction out of them,
00:52:46.480 which is something that quite often happens.
00:52:48.640 Obviously, they've got the headdresses
00:52:50.580 and things like that.
00:52:52.240 Is it keffia or something like that?
00:52:54.520 I can't remember.
00:52:56.000 The scarf thing that they have over their head.
00:52:57.820 But the police come in and basically
00:52:59.000 get a shot of them in the end.
00:53:03.240 But I wanted to point out as well
00:53:05.420 that Paris is going to see a football match
00:53:11.220 between France and Israel
00:53:12.460 and they're having to deploy 4,000 police,
00:53:15.520 probably armed police
00:53:16.700 to prevent the same thing happening there.
00:53:19.160 So this is just causing massive problems
00:53:21.260 for the European countries
00:53:22.440 that in ordinary times
00:53:24.880 would not have to deal with this sort of thing.
00:53:27.100 And it is ridiculous as well.
00:53:28.600 I think Israel actually flew out
00:53:30.400 some planes or jets
00:53:31.940 to rescue
00:53:33.200 these Israeli citizens
00:53:35.820 in Amsterdam as well.
00:53:37.120 I don't know whether
00:53:37.820 that was just one of those diplomatic things
00:53:40.080 to sort of make it look like,
00:53:41.940 oh, look at how badly they're treating us.
00:53:43.820 We're having to come and rescue our citizens.
00:53:46.200 I don't know whether it was actually
00:53:47.620 something that tangibly helped.
00:53:49.420 My suspicion is probably not.
00:53:51.360 And then the actual country itself
00:53:53.700 is advising fans to avoid France entirely,
00:53:57.240 despite the 4,000 police officers as well,
00:54:00.460 because they're saying it's not safe.
00:54:02.480 And to be fair,
00:54:03.960 it's not just Israelis
00:54:05.120 that countries like France,
00:54:07.500 countries like Britain,
00:54:09.000 are not safe for.
00:54:09.880 They're not safe for the natives anymore.
00:54:11.440 And it's precisely problems like this
00:54:14.240 that are causing this sort of thing,
00:54:15.740 aren't they?
00:54:16.560 Things like this,
00:54:17.420 that we were never asked
00:54:19.560 to host these people
00:54:20.980 and they're not good guests.
00:54:23.060 And I don't think
00:54:23.740 it should be our burden to bear.
00:54:27.300 So, right.
00:54:29.500 Let's try and cheer everybody up then
00:54:31.180 with some good news
00:54:32.920 about what's going on in the markets.
00:54:34.640 Because it is...
00:54:35.840 Oh!
00:54:36.560 Do you want to...
00:54:37.660 All right, fine, you do.
00:54:39.200 Sorry, I was going to let you go.
00:54:40.480 So, Glee777 says,
00:54:44.160 A few days ago,
00:54:44.840 a 74-year-old man
00:54:45.880 was decapitated by a bus in Edinburgh.
00:54:48.040 The bus and its driver is unknown
00:54:49.340 and the police urged the public
00:54:50.400 not to speculate.
00:54:51.740 Oh, I just need to scroll down.
00:54:53.960 For an accident,
00:54:55.820 the wording is rather suspicious.
00:54:57.640 Yeah, I did see that
00:54:58.900 and I did try and find more information.
00:55:01.140 I also had the misfortune
00:55:02.180 of seeing some of the aftermath of it.
00:55:04.400 I do try and avoid that
00:55:05.420 because this job's already depressing enough.
00:55:07.660 I don't need to see
00:55:08.380 horrible things like that.
00:55:09.440 But there is something suspicious about it
00:55:14.680 and I wouldn't be surprised now
00:55:16.280 if these sorts of things
00:55:17.760 are just not going to be disclosed to the public
00:55:19.980 after the riots in August.
00:55:23.500 But I didn't necessarily see a smoking gun
00:55:26.140 to suggest that there was some sort of attack
00:55:28.860 that had been covered up.
00:55:30.260 But again, with the way things are,
00:55:33.120 I wouldn't necessarily rule it out either.
00:55:35.340 That's a random name says,
00:55:36.380 why are there foreign flags in Amsterdam?
00:55:38.120 Why would we even be entertaining these people?
00:55:40.020 Integration only works
00:55:41.120 when the newcomers are here
00:55:42.440 with the intention to integrate.
00:55:43.920 These are invaders.
00:55:45.020 I agree.
00:55:45.660 Yes.
00:55:47.760 OPH UK.
00:55:48.620 Dutch King is full of S.
00:55:50.820 Dutch have more per capita.
00:55:54.900 I don't know what they're trying to say.
00:55:56.760 Dutch government is just afraid
00:55:58.020 to admit the bleeding obvious
00:55:59.400 imported Islamic
00:56:00.620 feral people are ruining Europe.
00:56:04.960 I mean, we have the evidence, don't we?
00:56:08.320 Anyway, sorry, Dan.
00:56:09.200 Yes, right.
00:56:10.300 Let's talk about the markets
00:56:11.540 because it's been quite good since Trump got in.
00:56:14.800 Well, he's not in yet,
00:56:16.100 but already he's having the effect.
00:56:17.760 Now, if you do investing in the market correctly,
00:56:21.020 it's all about living in the future,
00:56:22.980 making smart predictions.
00:56:24.700 So before we get to that bit,
00:56:25.920 the first thing I need to talk about
00:56:27.300 is how the Democrats spent a billion on this election.
00:56:31.540 A lot of that would have been on polling,
00:56:34.460 polling companies,
00:56:36.320 who yet again got it entirely wrong.
00:56:40.560 Just entirely wrong.
00:56:41.920 Remember all those polls?
00:56:43.500 All neck and neck,
00:56:44.960 too close to call.
00:56:45.940 One could suggest
00:56:47.940 that perhaps these polls
00:56:49.020 are just ad spending by another means.
00:56:52.260 You might think that, yes.
00:56:53.060 They're suggesting a certain candidate
00:56:54.640 does a lot better than they actually do.
00:56:56.520 Yes.
00:56:57.040 Consistently in the same direction.
00:56:59.020 Yes, but you've got these news companies
00:57:00.420 spending tens of millions
00:57:02.300 on political polls.
00:57:06.340 And they were yet...
00:57:08.020 This election...
00:57:09.080 I mean, I can't remember an election
00:57:10.240 when they actually got them right.
00:57:11.880 Yeah.
00:57:12.580 Consistently wrong.
00:57:13.300 I think that political pollsters
00:57:16.060 are now in competition
00:57:17.400 with the weatherman
00:57:18.460 for who can continually get things wrong
00:57:21.280 and still have a job at the end of it.
00:57:22.820 As I did a segment a few weeks back,
00:57:25.200 just look at the money market ones,
00:57:27.180 the betting ones.
00:57:29.580 You don't need to spend any money
00:57:30.560 on your own polling.
00:57:31.940 That's an accurate...
00:57:33.120 should be relatively accurate.
00:57:34.340 Yeah, I understand.
00:57:35.020 They were more accurate, weren't they?
00:57:36.460 Yeah, much more, much more.
00:57:37.560 I mean, speaking of accurate,
00:57:39.040 I'll show you my tweet that I put out.
00:57:40.680 Well, this one I put out afterwards,
00:57:42.740 that's the actual result.
00:57:44.780 And what I'm linking to there
00:57:46.680 is my earlier tweet
00:57:48.300 that went out before the election,
00:57:50.040 which was exactly correct.
00:57:52.660 Give yourself a pat on the back, Dan.
00:57:53.620 Exactly correct.
00:57:55.300 Everyone pat yourself on the back for Dan.
00:57:57.260 Well, yes.
00:57:59.120 And for this reason,
00:58:01.260 I can exclusively announce today
00:58:03.380 that Lotus Eaters is starting a new business,
00:58:07.200 Lotus Eaters Political Polling.
00:58:09.300 Right, so the premise of this business is,
00:58:11.820 is next time you're about to drop 10 million quid
00:58:14.500 on a poll,
00:58:16.820 we will do it 75% off
00:58:19.060 and actually give you the right answer.
00:58:21.280 So if you are a major news corporation
00:58:23.120 or a political campaign,
00:58:25.020 check out Political Polling.
00:58:26.340 Please do donate as well
00:58:27.400 because we spent a lot of our budget
00:58:28.720 on that graphic.
00:58:30.060 Yes, no expense was spared on that.
00:58:33.680 Comic Sans as well.
00:58:34.920 Right, so where did all that money go?
00:58:38.020 I mean, so for example,
00:58:39.180 this is the Las Vegas dome thing
00:58:43.580 that apparently is quite expensive.
00:58:45.140 The Democrat Death Star, isn't it?
00:58:46.820 Something like that.
00:58:47.580 I mean, it's horrendous as it is.
00:58:49.460 I'm sure it's quite spectacular
00:58:50.840 because that's, you know,
00:58:52.080 that's, you can see the buildings
00:58:53.940 that it's next to.
00:58:54.740 It's absolutely huge, that thing.
00:58:56.160 Could you imagine living near that
00:58:57.520 and seeing a giant Kamala Harris?
00:58:59.640 Well, if you lived near that,
00:59:00.540 you would be living on the strip in Las Vegas.
00:59:02.220 So, I mean, you would already be
00:59:03.600 in a weird situation.
00:59:05.400 That's true to me.
00:59:06.900 But yes, I'll give you that.
00:59:07.860 But Kamala was spending
00:59:09.140 $450,000 a day on that.
00:59:12.900 Wow.
00:59:14.020 Didn't they outspend Trump
00:59:15.380 by about three to one this election?
00:59:17.360 Oh, yeah.
00:59:18.300 A huge amount of money
00:59:19.480 they spent on it.
00:59:20.540 Money that they could have spent
00:59:21.920 on our merch store.
00:59:24.080 Ah, seamless.
00:59:24.740 Slick.
00:59:25.960 Seamless.
00:59:27.000 We've still got some Trump merch up.
00:59:29.880 I think this is the last day
00:59:31.220 for some of it, actually.
00:59:31.980 Oh, is it?
00:59:32.360 Yes.
00:59:32.580 Yeah, I know it's going very soon.
00:59:34.960 So if you want to get
00:59:35.520 the last bits of the Trump merch,
00:59:37.300 my favourite T-shirt isn't on there,
00:59:39.020 but on that little selection there.
00:59:40.860 But there was some fantastic merch
00:59:42.980 to have there.
00:59:43.900 So the Democrats,
00:59:45.140 they spent a billion dollars
00:59:46.820 to run the world's worst candidate.
00:59:52.280 Instead, what they could have got on
00:59:54.360 was the Trump trade.
00:59:57.000 So the Trump trade
00:59:58.300 was basically what I was doing beforehand.
01:00:01.080 Actually, I did have one bet.
01:00:03.800 I did have a bet.
01:00:04.840 I bet that Trump would win
01:00:06.100 the popular vote.
01:00:08.980 That's quite an outlet vote,
01:00:10.460 to be fair, yeah.
01:00:11.180 Yeah, I got five to one on that.
01:00:12.660 That's not bad, yeah.
01:00:13.600 Which I thought,
01:00:14.140 I was hoping for better,
01:00:15.700 so I didn't put a huge amount on,
01:00:17.360 but, you know, decent.
01:00:18.460 Not bad.
01:00:18.740 So yeah, that's all right.
01:00:20.360 There's a holiday right there,
01:00:21.240 which is nice.
01:00:22.060 So I got not only every single state right,
01:00:24.420 I got the popular vote right as well.
01:00:25.780 So remember that when you're thinking
01:00:26.800 about spending your next 10 million
01:00:28.240 on polling.
01:00:28.900 Anyway, so the Trump trade
01:00:30.480 was basically
01:00:31.840 what I was actually mostly doing,
01:00:34.780 which is
01:00:35.320 which stocks, assets, and so on
01:00:38.580 are going to respond positively to Trump
01:00:40.460 and then backing those to the hilt.
01:00:43.180 You know,
01:00:43.920 you can get a lot more going
01:00:46.240 in the markets.
01:00:48.620 So let's check out the Trump trade.
01:00:50.900 How did that do?
01:00:52.300 How did everything respond
01:00:54.160 to President Trump
01:00:56.540 becoming once again
01:00:58.040 President Trump?
01:00:59.920 Well, this is
01:01:00.840 let me just change that to five day.
01:01:04.260 So this is DXY.
01:01:05.700 It's basically the dollar.
01:01:07.400 So this is how the dollar does
01:01:08.820 against a, you know,
01:01:09.800 a basket of other currencies.
01:01:11.820 Now, without even having to read
01:01:13.540 the dates at the bottom,
01:01:14.660 I think you can guess
01:01:15.640 the day of the election
01:01:16.620 from that chart.
01:01:17.860 You can, can't you?
01:01:18.660 So dollar was up markedly
01:01:21.860 after
01:01:22.600 after Trump's win was confirmed
01:01:26.360 in exactly the way
01:01:27.400 that I said it would be.
01:01:28.480 You could almost say
01:01:29.900 that the dollar became unburdened
01:01:32.240 by what had been.
01:01:36.260 So, sorry,
01:01:37.060 is that against a number of currencies?
01:01:38.880 I didn't even know you could do that.
01:01:40.080 Yeah, the DXY.
01:01:41.360 The dollar against?
01:01:42.340 Yeah, it's kind of a basket
01:01:43.340 of other stuff against the dollar.
01:01:44.640 So it's a good way
01:01:45.460 of tracking the dollar DXY.
01:01:46.560 So, and that is...
01:01:48.100 It's usually done in pairs, isn't it?
01:01:50.440 Yeah.
01:01:50.780 Forex is nearly always in pairs,
01:01:52.440 but okay.
01:01:54.480 Yeah, but no,
01:01:54.840 that's a good way
01:01:55.300 to get a broad idea
01:01:56.540 of dollar strength.
01:01:58.880 What else did well?
01:02:00.980 Well, there's the stock market.
01:02:03.180 It's up more since,
01:02:05.740 but basically green boxes
01:02:08.180 means it's going up.
01:02:10.180 Red boxes means it's going down.
01:02:11.960 Now, play along at home.
01:02:14.060 Can anyone spot a red box?
01:02:15.880 I was just looking.
01:02:16.460 Is there a single one?
01:02:17.960 No, it doesn't seem...
01:02:18.940 It's a shame Google grew
01:02:20.060 a significant amount
01:02:21.480 because they were the main donor
01:02:23.040 to Kamala Harris, weren't they?
01:02:24.100 Well, I mean,
01:02:24.580 there are unfortunate aspects to that,
01:02:26.500 but then you might look at Tesla,
01:02:28.180 for example,
01:02:29.180 which was, of course,
01:02:30.740 rather aligned.
01:02:31.600 You're logging Tesla.
01:02:32.300 14.94.
01:02:33.640 Just a bit, yeah.
01:02:35.080 Just a bit.
01:02:35.640 How did they spend a billion, though?
01:02:37.180 It's like Brewster's Millions.
01:02:38.460 It's difficult to have spent that much.
01:02:41.720 Oh, Brewster's Millions
01:02:42.440 was an amateur
01:02:42.940 compared to Kamala.
01:02:43.680 Kamala.
01:02:44.880 In fact,
01:02:45.440 you could almost say
01:02:46.720 that the stock market
01:02:48.840 became unburdened
01:02:50.060 by what it's been.
01:02:51.780 So, yes,
01:02:52.800 that was rather good.
01:02:54.960 Political pundit in the UK,
01:02:56.640 one that I happened to notice,
01:02:58.020 Tim Walker.
01:03:00.180 He's saying here,
01:03:01.720 I don't know if he's...
01:03:02.680 Is he the editor of the Mirror
01:03:03.720 or something?
01:03:04.000 I don't know what he is,
01:03:04.680 but some twat burger.
01:03:06.420 But anyway,
01:03:06.720 so he's saying,
01:03:07.620 I might have this very badly wrong,
01:03:09.280 but I think this front page
01:03:10.480 reflects the mainstream view
01:03:12.080 across all voters
01:03:13.880 on this side of the Atlantic.
01:03:15.400 So what's the mirror saying?
01:03:17.120 They're basically saying,
01:03:17.900 have they done it again?
01:03:18.900 And they're saying
01:03:19.460 that uncertainty and fear
01:03:21.460 rockets
01:03:22.300 by staggering
01:03:24.140 US election results.
01:03:25.820 Well,
01:03:26.080 the fact that the mainstream
01:03:27.140 reacted that way
01:03:28.120 is part of the reason
01:03:28.820 why Trump was elected
01:03:29.780 in the first place,
01:03:30.840 right?
01:03:31.520 Well, yes.
01:03:32.300 There is that.
01:03:33.480 We hate you,
01:03:34.440 mainstream.
01:03:34.760 But on the point of
01:03:37.000 fear and uncertainty increases,
01:03:39.740 Tim's worried
01:03:40.780 that he might have
01:03:41.440 got this badly wrong.
01:03:42.360 He has got this badly wrong,
01:03:43.720 you see,
01:03:44.060 because you can actually
01:03:45.480 measure fear and uncertainty.
01:03:47.320 Financial markets price that.
01:03:49.340 It's the main driving force
01:03:50.520 of many markets,
01:03:51.580 isn't it?
01:03:52.200 Well,
01:03:52.800 no,
01:03:53.240 you can literally price it
01:03:54.200 with the VIX index.
01:03:55.980 So this is,
01:03:57.280 let's go down to VIX index.
01:04:00.680 So this is basically
01:04:01.500 measuring volatility,
01:04:03.580 but we can call it fear
01:04:04.960 and uncertainty
01:04:05.620 in the market.
01:04:06.780 And again,
01:04:07.600 without having to bother
01:04:08.840 to read the dates
01:04:09.740 across the bottom,
01:04:11.120 can you tell
01:04:11.820 the day of the election
01:04:12.880 from that chart?
01:04:13.980 Yes.
01:04:14.680 Fear and uncertainty
01:04:15.680 drops like a stone.
01:04:18.080 So yes,
01:04:18.620 Tim Walker,
01:04:19.520 you did get it wrong.
01:04:21.500 So you could almost say
01:04:22.820 that fear and uncertainty
01:04:23.980 became unburdened.
01:04:26.420 It's just like equity markets.
01:04:29.060 So is that
01:04:29.340 foreign exchange?
01:04:30.700 Is that across everything
01:04:32.080 or what is that?
01:04:32.960 I've never heard
01:04:33.620 of the VIX index before.
01:04:36.120 It might take a while
01:04:37.500 to get into.
01:04:38.260 So I might swing back to that.
01:04:40.520 But just to think of it
01:04:41.800 as a measure of volatility
01:04:42.780 as a whole.
01:04:45.120 Right.
01:04:45.680 So what else
01:04:47.420 can we say
01:04:48.400 became unburdened
01:04:49.320 by what it's been?
01:04:51.800 Oil futures,
01:04:53.060 crude oil futures.
01:04:53.760 They dropped
01:04:54.980 because, of course,
01:04:56.400 Trump might actually
01:04:57.380 do a bit of oil.
01:04:59.280 Actually,
01:04:59.820 Biden has been doing
01:05:00.580 a lot of oil
01:05:01.140 because basically
01:05:02.240 he turned a vault face
01:05:03.800 after he realised
01:05:04.540 that he desperately
01:05:05.520 needed oil prices lower.
01:05:07.100 But OPEC, for example,
01:05:08.680 so MBS in Saudi Arabia
01:05:10.440 hates Biden
01:05:11.540 with a passion.
01:05:13.140 So, you know,
01:05:14.600 he's going to turn
01:05:16.200 on the taps as well.
01:05:17.100 So energy prices
01:05:17.940 are coming down.
01:05:18.800 So that's rather good.
01:05:19.820 Interesting to see
01:05:20.200 what Aramco,
01:05:21.060 the equity price
01:05:21.880 and the price of a barrel
01:05:23.340 Saudi oil.
01:05:26.820 Spot price.
01:05:27.740 It's gone down.
01:05:28.360 I don't know what's
01:05:28.720 happened to spot
01:05:29.140 but futures have
01:05:29.820 definitely come off.
01:05:30.420 Because the Saudis
01:05:31.140 have sort of
01:05:31.860 pinned themselves
01:05:32.800 to bricks,
01:05:33.520 haven't they?
01:05:34.160 So I don't know
01:05:34.680 whether they're
01:05:35.420 going to be,
01:05:36.360 I imagine they're
01:05:37.240 probably playing
01:05:37.840 both sides
01:05:38.400 as the Saudis
01:05:38.960 often do.
01:05:40.000 But it would be
01:05:41.680 interesting to see
01:05:42.520 which way it goes
01:05:43.500 when Trump's
01:05:44.100 actually in office,
01:05:44.820 whether they're
01:05:45.220 going to voluntarily
01:05:46.640 lower their prices
01:05:47.480 because last time
01:05:48.280 they were quite friendly
01:05:49.200 with a Trump presidency.
01:05:50.540 Yeah, I'm pretty sure
01:05:51.320 they will.
01:05:51.880 Pretty sure they will.
01:05:52.400 And of course
01:05:52.960 Trump had the precedent
01:05:54.080 of making America
01:05:55.100 energy independent
01:05:55.980 as well.
01:05:56.680 Yes.
01:05:57.060 In his presidency.
01:05:58.180 Yeah, I mean,
01:05:59.140 well, whether you can do
01:05:59.980 that with the oil price
01:06:01.280 which is probably
01:06:01.980 headed to 40
01:06:02.720 with fracking being
01:06:03.680 the marginal thing
01:06:04.820 that kind of turns off
01:06:06.060 around 50, 60.
01:06:06.920 I don't know.
01:06:07.680 But yes,
01:06:08.840 that is an interesting
01:06:09.700 discussion to have.
01:06:11.300 Gold was up
01:06:12.180 before the election
01:06:13.040 basically because
01:06:13.800 it's good with
01:06:15.600 uncertainty
01:06:16.160 and that sort of thing.
01:06:17.460 You know you're going
01:06:17.980 to get debasement
01:06:18.640 of currency
01:06:19.140 but that went
01:06:21.240 down afterwards
01:06:21.960 largely as a result
01:06:22.800 of the sort of
01:06:23.240 volatility coming down
01:06:24.260 and there being
01:06:25.120 faster horses.
01:06:25.920 Do you think gold
01:06:26.820 has been inflated
01:06:27.860 for a while?
01:06:28.760 Unnaturally inflated
01:06:29.720 if anything.
01:06:30.220 Oh, no, I mean
01:06:30.840 if anything
01:06:31.200 on its intrinsic value
01:06:34.060 I would say gold
01:06:34.860 is well under.
01:06:35.920 Oh, really?
01:06:36.220 But there are faster
01:06:37.420 horses that you
01:06:38.140 could back
01:06:38.500 if you're trying
01:06:38.980 to get something
01:06:40.840 which covers you
01:06:41.580 from currency
01:06:42.000 debasement
01:06:42.480 which I am
01:06:43.400 coming to at this point.
01:06:45.180 Silver is massively
01:06:46.180 underpriced.
01:06:47.840 Yes, this is massively
01:06:48.800 underpriced.
01:06:49.740 Yeah.
01:06:50.340 When I see all the markets
01:06:51.560 go green like that
01:06:52.480 all of them
01:06:53.040 it makes me think
01:06:54.620 it's less that
01:06:55.320 you're returning
01:06:56.020 to a reality
01:06:57.960 rather than
01:06:59.020 it was just
01:07:00.160 it was
01:07:00.960 it was in a fog
01:07:02.440 the whole time
01:07:03.700 under the
01:07:04.280 so it's not like
01:07:05.360 Trump has
01:07:06.340 done anything
01:07:08.020 proactively
01:07:08.980 amazingly brilliant
01:07:09.760 it's rather
01:07:10.200 the markets have
01:07:10.780 returned to what
01:07:11.720 they should have
01:07:12.520 been all along.
01:07:13.640 A bit like
01:07:14.520 Joe Biden
01:07:15.720 have you seen
01:07:16.260 Joe Biden
01:07:16.800 after the election?
01:07:18.760 He's bouncing around
01:07:19.480 like an 18 year old
01:07:20.400 he's so happy
01:07:21.840 you should go
01:07:23.000 and watch the speech
01:07:23.780 that he gave
01:07:24.240 when he was talking
01:07:25.120 about the election
01:07:26.720 I mean he couldn't
01:07:27.180 stop grinning
01:07:27.820 so I mean
01:07:28.960 how does that work?
01:07:30.300 Have these drugs
01:07:30.940 they've been giving him
01:07:31.540 for the last five years
01:07:32.340 actually been doping him
01:07:33.420 the entire time?
01:07:34.280 Resurped him
01:07:34.880 lost
01:07:35.600 and I think he might
01:07:37.400 be taking some joy in it
01:07:38.580 I bet he was sat there
01:07:39.600 on election night
01:07:40.340 with his tub of ice cream
01:07:41.420 and a MAGA hat on
01:07:42.260 just cheering
01:07:44.060 He must personally
01:07:45.260 resent Kamala
01:07:46.180 and the cabal
01:07:48.040 who put her in place
01:07:49.180 whether it's Pelosi
01:07:50.060 and Schumacher
01:07:50.700 or whoever it was
01:07:51.540 he must resent
01:07:52.640 We deliberately
01:07:53.360 stitched her up
01:07:55.040 quite a few times
01:07:55.720 Seems to be
01:07:56.300 seems to be deliberate
01:07:57.340 it's difficult
01:07:57.820 not to come to that conclusion
01:07:59.240 Well maybe
01:08:00.020 maybe Biden
01:08:01.160 was on the Trump
01:08:02.360 trade as well
01:08:03.240 but there's two
01:08:03.720 particular trades
01:08:04.780 that I want to talk about
01:08:05.800 two that I'm quite
01:08:07.900 large in
01:08:09.460 and that I pushed
01:08:11.280 particularly hard
01:08:12.680 on Brokernomics
01:08:13.400 these being
01:08:15.420 Tesla
01:08:16.260 which I was pushing
01:08:17.720 on Brokernomics
01:08:18.340 when it was about
01:08:18.840 $120 a share
01:08:19.760 I actually bought it
01:08:22.360 at $12 myself
01:08:23.080 but
01:08:23.580 you know
01:08:24.740 it's had a good run
01:08:26.440 and the other thing
01:08:28.160 I was pushing
01:08:28.620 as hard as I could
01:08:29.580 I was begging people
01:08:30.620 to buy Bitcoin
01:08:31.520 when it was
01:08:32.020 $16,000
01:08:33.460 a Bitcoin
01:08:35.540 and that was
01:08:36.300 just 18 months ago
01:08:37.320 so I did a whole bunch
01:08:38.760 of Brokernomics episodes
01:08:39.820 on that
01:08:40.240 trying to get people
01:08:41.160 over the line
01:08:41.660 with that
01:08:42.040 How has
01:08:45.660 Tesla reacted?
01:08:47.260 Let's start with that one
01:08:48.140 because of course
01:08:48.740 Elon Musk was all in
01:08:51.720 He was thoroughly committed
01:08:54.400 I mean to the point
01:08:55.160 where he might actually
01:08:56.140 have gone to jail
01:08:56.860 if Trump lost
01:08:57.800 So how does an
01:08:59.740 Elon Musk company
01:09:00.920 respond
01:09:02.040 to a Trump win?
01:09:04.100 Well let's just put that
01:09:05.560 on the five day
01:09:06.960 as well
01:09:07.500 It's one of the main
01:09:08.280 companies that went up
01:09:09.840 weren't they?
01:09:10.660 As in they went up
01:09:11.400 the most
01:09:11.920 There we go
01:09:13.500 So beginning of the chart
01:09:15.180 is election
01:09:16.460 and
01:09:17.360 I mean you can see
01:09:18.760 I mean it was
01:09:21.180 it was still 8%
01:09:22.220 on Friday
01:09:23.100 it looks like it's going to be
01:09:24.200 at least 7% today
01:09:25.540 and that
01:09:26.280 and 14% on the first day
01:09:28.200 and I can't remember
01:09:28.660 how much on the
01:09:29.220 second and third day
01:09:30.160 Did you put it to a month?
01:09:31.100 Is that
01:09:31.440 That's all very well and good
01:09:33.720 and it looks nice and healthy
01:09:34.720 but
01:09:35.020 do you not think it's over
01:09:36.220 Yeah okay
01:09:36.660 Do you not think it's
01:09:38.000 inflated now though?
01:09:41.300 No
01:09:41.540 You don't think so?
01:09:42.500 No I think this is going to be
01:09:43.280 one of the most valuable
01:09:44.040 companies in the world
01:09:44.920 Okay
01:09:45.600 I think anything that's
01:09:47.600 attached to Elon Musk
01:09:48.500 at the minute
01:09:48.960 is going to be
01:09:49.820 turned to gold
01:09:50.680 from you know
01:09:51.540 trajectory is not slowing down
01:09:53.220 Now I know this is a
01:09:54.540 different company
01:09:55.400 but it's still an Elon Musk
01:09:56.440 company
01:09:56.760 but SpaceX for example
01:09:57.960 the DOJ
01:09:59.900 the Department of Justice
01:10:00.800 launched a major lawsuit
01:10:03.140 against SpaceX
01:10:04.360 because they weren't hiring
01:10:06.240 any illegal immigrants
01:10:07.200 and the reason that SpaceX
01:10:09.420 weren't hiring any
01:10:10.240 illegal immigrants
01:10:10.820 is because it is literally
01:10:12.000 illegal for them
01:10:13.060 to hire illegal immigrants
01:10:14.220 and the Department of Justice
01:10:16.580 obviously knew that
01:10:17.880 but they simply wanted
01:10:19.240 to throw hundreds
01:10:20.200 of lawyers at him
01:10:21.320 simply for the purpose
01:10:23.000 of messing with Elon
01:10:24.120 so the
01:10:25.560 the federal government
01:10:28.360 risk
01:10:29.240 to Elon Musk
01:10:30.920 companies
01:10:31.480 dropped off a cliff
01:10:32.460 so you can
01:10:32.920 you can see why
01:10:33.720 Tesla for example
01:10:34.540 is absolutely booming
01:10:35.920 and of course
01:10:36.440 you know
01:10:36.880 he's simply not
01:10:38.860 going to have to
01:10:39.320 dedicate whatever
01:10:40.060 percentage of his time
01:10:41.180 and all of his
01:10:42.300 senior staff
01:10:43.020 to fighting off
01:10:43.760 the federal government
01:10:44.560 in all of his companies
01:10:45.800 you think it's going
01:10:46.380 to the moon
01:10:46.920 can you click on all
01:10:48.480 for us
01:10:50.300 yeah
01:10:51.640 let's go to
01:10:52.580 all
01:10:53.680 so that
01:10:56.760 that was when I first
01:10:58.440 bought in
01:10:58.940 somewhere around
01:10:59.920 it's quite volatile
01:11:01.300 though isn't it
01:11:01.960 well
01:11:03.740 it's a volatile stock
01:11:05.180 volatile up
01:11:06.140 there's been a bit
01:11:08.220 of bouncing
01:11:08.540 I mean that
01:11:09.300 to be fair
01:11:09.920 so this peak
01:11:11.280 and this peak
01:11:11.720 is probably tying back
01:11:12.880 to the liquidity cycle
01:11:13.840 which I won't go into now
01:11:15.020 but
01:11:15.300 I don't
01:11:16.480 looking at that
01:11:17.140 I don't feel like
01:11:17.860 now's a particularly
01:11:18.640 great time to buy
01:11:19.560 oh I'm not
01:11:21.340 I'm not saying
01:11:21.840 I'm not saying buy now
01:11:22.640 I mean I was telling
01:11:23.160 I was I was telling
01:11:24.220 to people
01:11:24.540 when I personally
01:11:25.820 bought down here
01:11:26.600 and I didn't get a
01:11:27.200 platform until about here
01:11:28.260 but when it dropped
01:11:28.820 down to about that
01:11:29.500 level there
01:11:30.100 that's when I was
01:11:31.200 telling people
01:11:31.680 for god's sakes
01:11:32.120 get in on this
01:11:32.860 which is you know
01:11:35.380 I suppose it's done
01:11:36.260 3x since then
01:11:37.200 and bitcoin has done
01:11:38.020 about 5x
01:11:38.780 since then
01:11:40.620 so
01:11:40.940 so yes
01:11:42.020 Elon went all in
01:11:43.720 on Trump
01:11:44.260 and it has worked
01:11:45.260 out rather nicely
01:11:46.300 for Elon
01:11:47.480 oh
01:11:48.160 Samson you're missing
01:11:49.760 one of my links
01:11:50.260 you're missing
01:11:50.880 my best link
01:11:51.840 quick quickly
01:11:54.220 add in my
01:11:55.040 my excellent link
01:11:56.320 that's in the document
01:11:57.780 because
01:11:58.160 I wanted to
01:12:00.000 bring you
01:12:01.500 an unparalleled
01:12:02.900 source
01:12:03.640 for
01:12:04.680 my next part
01:12:05.720 of this story
01:12:06.340 I want to reach out
01:12:08.100 to the gold standard
01:12:09.960 of verified
01:12:10.940 information
01:12:12.480 top flight
01:12:13.960 MSM
01:12:15.140 quality
01:12:16.600 basically it's BBC
01:12:18.300 Pidgin
01:12:18.740 so here's BBC
01:12:19.600 Pidgin talking about
01:12:20.680 our next point
01:12:21.520 oh actually I forgot
01:12:22.700 my joke
01:12:23.100 Tesla has been
01:12:24.440 unburdened by what
01:12:25.280 it's been
01:12:25.580 right I'll remember
01:12:26.440 it for the next one
01:12:27.020 bitcoin
01:12:28.100 BBC Pidgin here
01:12:30.260 reporting
01:12:30.860 why bitcoin price
01:12:33.880 they rise
01:12:34.540 after Donald Trump
01:12:35.700 victory for US
01:12:37.020 elections
01:12:37.600 the price of the
01:12:40.880 bitcoin
01:12:41.380 don rise
01:12:42.380 over $80,000
01:12:43.620 for the first time
01:12:44.860 ever
01:12:45.100 after Donald Trump
01:12:46.100 victory
01:12:46.540 for the US
01:12:47.680 election last week
01:12:48.800 he comes
01:12:49.980 as the republicans
01:12:51.140 they close
01:12:51.720 to overall
01:12:52.400 control of congress
01:12:53.480 after them
01:12:54.320 to secure
01:12:54.900 the presidency
01:12:55.800 and a majority
01:12:57.000 for the senate
01:12:57.900 on the campaign
01:12:59.840 trail
01:13:00.140 the president
01:13:00.760 elect
01:13:01.160 pledged to
01:13:01.740 make US
01:13:02.540 the crypto
01:13:03.520 capital
01:13:04.040 of the planet
01:13:05.240 thanks for that
01:13:07.060 Jar Jar Binks
01:13:07.760 well I thought
01:13:11.080 if I got that
01:13:11.600 in I can't be
01:13:12.220 accused of not
01:13:13.160 you know
01:13:13.960 citing mainstream
01:13:14.940 sources
01:13:15.540 basically even though
01:13:16.780 mainstream sources
01:13:17.480 do not understand
01:13:18.260 this shit
01:13:18.660 so
01:13:18.960 how would
01:13:20.060 Rastafarians
01:13:20.760 have been able
01:13:21.280 to understand
01:13:21.820 this podcast
01:13:22.440 if you didn't
01:13:23.040 read that
01:13:23.640 now they
01:13:24.540 understand
01:13:24.920 I've just
01:13:26.060 massively
01:13:27.020 increased our
01:13:27.740 audience
01:13:28.220 because there's
01:13:29.000 a billion people
01:13:29.520 in Africa
01:13:29.900 and they can
01:13:30.300 they can follow
01:13:30.880 along with the
01:13:31.320 podcast of the
01:13:31.800 Lotus Eaters
01:13:32.220 now
01:13:32.440 right
01:13:33.180 so
01:13:33.900 what
01:13:35.260 factors might
01:13:36.600 be driving it
01:13:37.140 well there is
01:13:37.880 the whole
01:13:39.140 liquidity cycle
01:13:40.060 thing which I
01:13:40.780 talk about
01:13:41.120 on broconomics
01:13:41.700 that I won't
01:13:42.020 go into here
01:13:42.700 which is
01:13:43.200 overall quite
01:13:44.460 good
01:13:44.760 but basically
01:13:47.860 well let's
01:13:49.640 have a look
01:13:49.940 at what
01:13:50.160 Senator
01:13:50.600 Loomis
01:13:51.380 says
01:13:51.720 Senator
01:13:53.980 Cynthia
01:13:54.580 Loomis
01:13:54.920 says we
01:13:55.280 are going
01:13:55.600 to build
01:13:56.200 a strategic
01:13:57.480 bitcoin
01:13:58.180 reserve
01:13:58.680 now what
01:13:59.920 that would
01:14:00.240 likely look
01:14:01.080 like is
01:14:02.120 the US
01:14:03.480 acquiring
01:14:04.320 a million
01:14:04.920 bitcoins
01:14:05.360 over five
01:14:05.880 years
01:14:06.160 which comes
01:14:07.520 out as
01:14:07.920 something
01:14:08.400 like
01:14:09.660 550
01:14:11.560 bitcoin
01:14:12.180 a day
01:14:12.580 wow
01:14:13.600 well they
01:14:14.280 only
01:14:14.520 they only
01:14:15.200 mine
01:14:15.560 450
01:14:16.260 a day
01:14:16.780 so that
01:14:18.120 means if
01:14:18.580 you own
01:14:19.020 bitcoin
01:14:19.520 the price
01:14:20.420 is going
01:14:20.660 to skyrocket
01:14:21.300 because the
01:14:21.680 demand is going
01:14:22.180 to skyrocket
01:14:22.980 because the
01:14:23.440 US government
01:14:23.940 is buying
01:14:24.400 it
01:14:24.640 obviously
01:14:25.260 the taxpayers
01:14:25.940 footing the
01:14:26.780 bill here
01:14:27.200 as they
01:14:27.700 always do
01:14:28.160 I mean
01:14:28.520 yeah
01:14:28.880 I mean
01:14:29.580 bear in mind
01:14:29.980 at the
01:14:30.260 moment
01:14:30.580 it's only
01:14:32.320 been private
01:14:32.980 individuals
01:14:33.440 who have
01:14:33.620 been buying
01:14:34.020 it
01:14:34.280 as of
01:14:35.620 earlier
01:14:36.060 this year
01:14:37.380 the big
01:14:39.920 money started
01:14:40.700 to arrive
01:14:41.500 so BlackRock
01:14:42.440 for example
01:14:42.860 so BlackRock
01:14:43.600 have got
01:14:44.120 a bitcoin
01:14:45.580 ETF
01:14:45.960 which has
01:14:46.880 now
01:14:47.180 surpassed
01:14:47.980 their gold
01:14:48.460 ETF
01:14:48.980 you know
01:14:50.120 they've
01:14:50.280 accumulated
01:14:50.780 30
01:14:52.060 35
01:14:53.120 billion
01:14:53.540 something
01:14:53.880 in their
01:14:55.240 bitcoin
01:14:55.940 ETF
01:14:56.480 aren't there
01:14:57.440 some other
01:14:57.780 governments
01:14:58.240 that have
01:14:58.700 got
01:14:59.100 Is it
01:15:00.020 Iceland or
01:15:00.720 El Salvador
01:15:01.280 El Salvador
01:15:01.960 Is it
01:15:04.220 Iceland
01:15:04.520 bought a
01:15:05.040 bunch
01:15:05.400 it was
01:15:06.520 El Salvador
01:15:09.080 sorry to
01:15:11.820 interrupt you
01:15:12.280 there
01:15:12.480 go ahead
01:15:13.060 I don't
01:15:14.800 know whether
01:15:15.040 you know
01:15:15.320 this
01:15:15.640 what would
01:15:16.580 the strategic
01:15:17.320 aspect of
01:15:19.340 this be
01:15:19.760 than other
01:15:20.660 than you
01:15:21.120 know it's
01:15:21.460 good to
01:15:21.700 have
01:15:21.860 bitcoin
01:15:22.260 is there
01:15:23.820 more layers
01:15:24.400 to this
01:15:24.820 than what
01:15:25.280 it seems
01:15:25.680 in that
01:15:27.980 context it
01:15:28.520 just means
01:15:28.880 it's a part
01:15:29.440 of their
01:15:29.800 economic
01:15:30.180 strategy
01:15:30.840 to have
01:15:32.520 a reserve
01:15:32.940 of bitcoin
01:15:33.340 that's all
01:15:33.680 that really
01:15:34.000 means
01:15:34.280 effectively
01:15:34.960 it just
01:15:35.240 becomes part
01:15:35.740 of the
01:15:35.920 balance sheet
01:15:36.360 of the
01:15:36.580 US
01:15:36.860 okay so
01:15:37.760 it sort
01:15:38.280 of is
01:15:38.500 what it
01:15:38.820 seems
01:15:39.080 yeah
01:15:39.420 but you
01:15:39.720 want them
01:15:40.040 to have
01:15:40.400 something
01:15:40.720 which
01:15:41.020 they're
01:15:41.240 not
01:15:41.400 just
01:15:41.560 going to
01:15:41.780 print
01:15:41.980 to
01:15:42.140 infinity
01:15:42.460 because
01:15:42.900 there
01:15:43.080 will
01:15:43.200 only
01:15:43.400 ever
01:15:43.560 be
01:15:43.740 21
01:15:44.060 million
01:15:44.340 bitcoins
01:15:44.820 the main
01:15:45.440 thing
01:15:45.660 I think
01:15:45.960 this does
01:15:46.280 is not
01:15:46.540 just
01:15:46.800 obviously
01:15:47.320 it drives
01:15:47.700 the price
01:15:48.240 of bitcoin
01:15:48.740 on any
01:15:49.960 sort of
01:15:50.220 bitcoin
01:15:50.480 exchange
01:15:50.800 but also
01:15:51.300 it gives
01:15:52.100 it
01:15:52.400 lends it
01:15:53.500 even more
01:15:54.780 legitimacy
01:15:55.420 right because
01:15:56.700 there's still
01:15:57.020 lots of
01:15:57.440 naysayers about
01:15:58.440 all sorts of
01:15:59.260 crypto
01:15:59.520 right
01:16:00.060 yeah
01:16:00.480 there's still
01:16:00.940 lots and
01:16:01.220 lots of
01:16:01.460 naysayers in
01:16:02.100 the world
01:16:02.400 that well
01:16:03.060 this sort
01:16:03.660 of thing
01:16:04.160 if the
01:16:05.340 US
01:16:05.740 government
01:16:06.220 yeah
01:16:06.860 basically
01:16:07.460 say no
01:16:08.060 it's
01:16:08.260 cool
01:16:08.520 well
01:16:09.000 essentially
01:16:09.280 saying
01:16:09.800 it's
01:16:10.440 it's
01:16:10.800 real
01:16:12.160 we respect
01:16:13.040 it
01:16:13.360 then
01:16:14.120 yeah
01:16:14.940 confidence
01:16:15.860 it's about
01:16:16.440 confidence
01:16:16.860 right
01:16:17.140 I mean
01:16:17.580 that argument
01:16:18.260 is very
01:16:19.560 weak now
01:16:20.180 I mean
01:16:20.360 people still
01:16:20.800 try and
01:16:21.120 make it
01:16:21.520 but I
01:16:21.780 mean
01:16:21.880 now you've
01:16:22.200 got sort
01:16:22.480 of
01:16:22.580 BlackRock
01:16:23.040 and you
01:16:24.140 know
01:16:24.240 Fidelity
01:16:24.660 and you
01:16:25.980 know
01:16:26.080 all these
01:16:26.380 other large
01:16:26.880 firms
01:16:27.240 buying into
01:16:27.840 it
01:16:27.920 it's very
01:16:28.120 difficult
01:16:28.380 to make
01:16:28.680 the argument
01:16:29.080 it's just
01:16:29.460 some fly
01:16:29.860 by night
01:16:30.260 thing
01:16:30.500 but if
01:16:30.760 the US
01:16:31.060 government
01:16:31.400 starts
01:16:31.780 buying it
01:16:32.280 right
01:16:32.440 that's
01:16:32.840 yeah
01:16:33.140 you can't
01:16:33.900 do better
01:16:34.300 than that
01:16:34.720 really
01:16:34.940 can you
01:16:35.100 not
01:16:35.360 not really
01:16:36.280 no
01:16:36.560 I think
01:16:36.700 a better
01:16:37.000 indicator
01:16:37.440 is that
01:16:37.900 BlackRock
01:16:38.320 have so much
01:16:44.120 or whoever
01:16:44.720 try and do
01:16:45.440 their own
01:16:46.140 cryptocurrency
01:16:47.700 and it
01:16:48.540 doesn't
01:16:49.260 really seem
01:16:49.860 to
01:16:50.120 nothing else
01:16:51.380 is close
01:16:51.860 to Bitcoin
01:16:52.420 right
01:16:52.720 yeah
01:16:53.180 I mean
01:16:54.080 there's a
01:16:54.340 couple of
01:16:54.640 other
01:16:54.820 reasonably
01:16:55.440 interesting
01:16:56.020 but I won't
01:16:56.340 talk about
01:16:56.700 them here
01:16:57.000 but no
01:16:57.380 it is
01:16:58.260 pretty much
01:17:00.100 just Bitcoin
01:17:00.700 pretty much
01:17:01.960 the Dems
01:17:03.960 were seriously
01:17:04.720 offside on
01:17:05.460 this issue
01:17:05.920 because
01:17:07.000 I mean
01:17:07.440 put it this
01:17:07.860 way
01:17:08.060 more Americans
01:17:09.940 own crypto
01:17:10.700 than own a
01:17:11.220 dog
01:17:11.480 now would you
01:17:12.520 go into an
01:17:13.060 election
01:17:13.420 kind of
01:17:14.580 low-key
01:17:14.960 hinting
01:17:15.320 that you're
01:17:15.600 going to
01:17:15.740 ban dogs
01:17:16.360 you know
01:17:17.500 that probably
01:17:19.200 wouldn't work
01:17:19.820 out
01:17:19.920 maybe in the
01:17:20.340 Middle East
01:17:20.940 I mean
01:17:21.580 it's working
01:17:21.900 for Turkey
01:17:22.560 in Bahrain
01:17:23.920 maybe
01:17:24.240 but
01:17:24.580 yes
01:17:25.280 nominal
01:17:27.800 prices in
01:17:29.280 Turkish lira
01:17:30.360 have not
01:17:31.000 looked good
01:17:31.660 yeah their
01:17:32.580 economy is not
01:17:33.100 looking good
01:17:33.520 all that dog
01:17:34.560 genocide they're
01:17:35.220 doing
01:17:35.420 it's not
01:17:35.880 strong
01:17:36.220 and a number
01:17:38.000 of senior
01:17:38.420 aides in
01:17:39.160 Harris's
01:17:39.660 campaign have
01:17:40.460 said yeah
01:17:41.080 we kind of
01:17:41.540 screwed the
01:17:41.940 pooch on the
01:17:42.520 whole Bitcoin
01:17:43.360 thing
01:17:43.660 so I mean
01:17:45.960 it's got to
01:17:46.580 the point
01:17:46.840 now I think
01:17:47.340 the risk of
01:17:48.200 it being
01:17:48.540 banned or
01:17:49.240 just punted
01:17:50.040 away by
01:17:50.420 government
01:17:50.740 I mean
01:17:51.000 especially
01:17:51.400 under Trump
01:17:52.180 has gone to
01:17:53.020 pretty much
01:17:53.660 zero
01:17:54.040 if anything
01:17:55.240 it's just
01:17:55.600 going to be a
01:17:55.920 question of
01:17:56.260 when it ends
01:17:56.600 up on the
01:17:56.880 US balance
01:17:57.400 sheet
01:17:57.700 so yes
01:17:59.720 all rather
01:18:01.020 positive for
01:18:01.900 Bitcoin
01:18:02.320 you could say
01:18:03.040 that Bitcoin
01:18:03.500 has become
01:18:04.020 unburdened
01:18:04.760 by what has
01:18:05.900 been
01:18:06.280 had a
01:18:07.560 slip that
01:18:07.820 in one last
01:18:08.320 time
01:18:08.560 on your
01:18:10.180 point
01:18:10.400 one of you
01:18:11.100 raised the
01:18:11.420 point about
01:18:11.800 governments
01:18:12.500 buying it
01:18:13.100 Germany
01:18:15.100 here's a good
01:18:16.500 example
01:18:16.800 Germany sold
01:18:17.880 50,000
01:18:18.580 Bitcoins
01:18:19.160 at 50,000
01:18:21.700 a share
01:18:22.100 50,000
01:18:22.840 a Bitcoin
01:18:23.280 they did
01:18:24.020 that earlier
01:18:24.420 this year
01:18:24.960 it's basically
01:18:27.500 cost them about
01:18:28.180 one and a half
01:18:29.800 billion dollars
01:18:30.760 at this point
01:18:31.300 by doing that
01:18:32.120 I don't want
01:18:34.460 to say it's
01:18:34.900 the worst
01:18:35.280 thing that
01:18:35.580 Germany's
01:18:35.980 ever done
01:18:36.420 especially
01:18:36.920 after
01:18:37.460 those first
01:18:41.020 segments
01:18:41.560 but I think
01:18:42.760 it's up there
01:18:43.340 it is up there
01:18:44.920 on the list
01:18:45.400 well I mean
01:18:46.280 yeah I mean
01:18:47.260 but it's easy
01:18:47.860 to say in hindsight
01:18:48.520 I mean I
01:18:49.240 followed Bitcoin
01:18:49.920 pretty closely
01:18:50.900 and 50,000
01:18:52.260 isn't a terrible
01:18:53.120 place to
01:18:53.860 sell
01:18:54.600 it's probably
01:18:56.300 way better
01:18:57.020 than what
01:18:57.440 Gordon Brown
01:18:57.980 sold our
01:18:58.580 bullion reserves
01:18:59.300 at
01:18:59.480 well that is
01:18:59.860 true
01:19:00.120 well he announced
01:19:01.160 it beforehand
01:19:01.700 easy to say
01:19:02.320 in hindsight
01:19:02.720 when the market
01:19:03.280 goes up
01:19:03.720 say oh well
01:19:04.220 if you just
01:19:04.640 held on till now
01:19:05.600 you would have
01:19:06.200 made X amount
01:19:07.180 more
01:19:07.560 but 50,000
01:19:08.840 is not a bad
01:19:09.600 spot to
01:19:10.260 I suppose
01:19:11.080 62 now
01:19:11.940 I suppose
01:19:12.280 you could make
01:19:13.460 the claim
01:19:13.780 it could be
01:19:14.440 worse
01:19:14.760 but mind you
01:19:15.820 some of us
01:19:17.300 had the foresight
01:19:17.780 when it was at
01:19:18.220 1600 to push it
01:19:19.300 as heavily as we
01:19:19.840 could
01:19:20.000 you should
01:19:20.960 diamond hands
01:19:21.600 Bitcoin
01:19:21.940 yes Germany
01:19:22.820 should have
01:19:23.360 bought a
01:19:24.580 subscription to
01:19:25.160 Brokonomics
01:19:25.760 and then it
01:19:26.620 wouldn't have
01:19:26.880 cost them
01:19:27.160 one and a half
01:19:27.620 billion
01:19:27.900 and the other
01:19:29.240 one you mentioned
01:19:29.800 was
01:19:30.200 El Salvador
01:19:31.720 so their
01:19:33.160 Bitcoin pile
01:19:34.080 they've probably
01:19:34.900 made a profit
01:19:35.560 of about 100
01:19:36.060 million on it
01:19:36.560 so far
01:19:36.980 and 100
01:19:37.780 million at
01:19:38.340 nation state
01:19:38.960 level you might
01:19:39.480 think that's
01:19:39.900 small but El Salvador
01:19:40.920 is a small and
01:19:41.860 very very poor
01:19:42.900 country
01:19:43.380 and also the
01:19:44.640 notion of
01:19:45.460 having a
01:19:46.060 currency that
01:19:47.180 makes you
01:19:47.800 money rather
01:19:48.580 than the
01:19:49.160 opposite
01:19:49.500 the way the
01:19:51.040 currency works
01:19:51.720 at the minute
01:19:52.180 you know I
01:19:54.340 think is
01:19:54.600 actively
01:19:55.260 detrimental
01:19:55.980 this sort
01:19:56.800 of the
01:19:57.280 way that
01:19:57.840 you know
01:19:59.580 you think
01:20:00.840 about the
01:20:01.320 amount of
01:20:01.740 currency
01:20:02.080 debasement
01:20:02.680 that there
01:20:03.040 has been
01:20:03.700 since the
01:20:04.380 pandemic
01:20:04.840 or the
01:20:05.600 plandemic
01:20:06.160 and put
01:20:08.620 it this
01:20:08.860 way
01:20:09.020 imagine
01:20:10.000 working
01:20:10.440 nine to
01:20:10.880 five
01:20:11.280 for 50
01:20:12.820 years
01:20:13.280 I don't
01:20:14.280 have to
01:20:14.780 I will
01:20:15.660 do
01:20:15.920 probably
01:20:16.680 imagine
01:20:17.060 well yes
01:20:17.980 I mean
01:20:18.400 think forward
01:20:19.340 you know
01:20:19.920 another 40
01:20:20.780 years
01:20:20.980 you've spent
01:20:21.440 50 years
01:20:22.200 working nine
01:20:22.680 to five
01:20:22.980 and you
01:20:23.240 keep your
01:20:23.660 money in
01:20:24.280 fiat
01:20:24.700 currency
01:20:25.180 and the
01:20:26.420 Fed then
01:20:26.940 prints
01:20:27.380 40%
01:20:28.600 of the
01:20:30.400 money supply
01:20:31.020 in the
01:20:31.860 space of a
01:20:32.300 couple of
01:20:32.600 years
01:20:32.820 basically
01:20:33.680 it has
01:20:34.220 inflated
01:20:34.780 away
01:20:35.080 20 years
01:20:36.360 of your
01:20:37.080 50 years
01:20:37.560 work
01:20:37.940 it's a good
01:20:39.660 thing I had
01:20:40.100 nothing to
01:20:40.520 begin with
01:20:40.940 then
01:20:41.100 that is
01:20:42.720 what
01:20:43.080 holding
01:20:44.020 your money
01:20:44.340 in fiat
01:20:44.720 currency
01:20:45.080 does
01:20:45.440 now
01:20:47.380 if you
01:20:48.920 think that
01:20:49.760 you know
01:20:50.020 buying
01:20:50.360 and I'm
01:20:51.020 not suggesting
01:20:51.480 buying at
01:20:51.900 this point
01:20:52.220 I was
01:20:52.480 suggesting
01:20:52.800 buying 18
01:20:53.380 months ago
01:20:53.800 to be
01:20:54.020 clear
01:20:54.200 this is
01:20:54.500 I'm
01:20:54.760 not
01:20:54.960 trying to
01:20:55.880 push
01:20:56.080 anybody
01:20:56.360 to buy
01:20:56.740 any of
01:20:57.020 these
01:20:57.160 assets
01:20:57.440 at
01:20:57.600 this
01:20:57.740 time
01:20:57.980 I
01:20:58.100 think
01:20:58.260 we're
01:20:58.460 in
01:20:58.580 the
01:20:58.820 hold
01:20:59.780 and enjoy
01:21:01.020 phase of
01:21:01.760 the cycle
01:21:02.180 rather than
01:21:02.740 the accumulate
01:21:03.300 phase
01:21:03.840 so I'm
01:21:04.440 not telling
01:21:04.940 anyone to
01:21:05.380 buy this
01:21:05.700 but if
01:21:07.200 you find
01:21:07.760 the idea
01:21:08.220 of buying
01:21:08.540 into Bitcoin
01:21:08.980 a bit
01:21:09.260 scary
01:21:09.560 there is
01:21:09.840 a company
01:21:10.160 called
01:21:10.400 MicroStrategy
01:21:11.120 run by
01:21:12.520 Michael
01:21:12.840 Saylor
01:21:13.220 and he
01:21:14.140 effectively
01:21:14.540 turned his
01:21:15.080 company
01:21:15.380 into a
01:21:16.180 Bitcoin
01:21:17.100 reserve
01:21:18.260 or hedge
01:21:18.780 fund
01:21:18.980 possibly
01:21:19.460 and basically
01:21:20.800 what he's
01:21:21.160 been doing
01:21:21.580 is he's
01:21:22.860 very clever
01:21:23.220 basically he
01:21:23.720 issues
01:21:24.160 debt
01:21:25.280 in fiat
01:21:26.260 and then
01:21:27.420 uses that
01:21:27.840 to buy
01:21:28.100 Bitcoin
01:21:28.600 and then
01:21:29.180 uses the
01:21:29.960 later profits
01:21:30.820 from that
01:21:31.080 to pay off
01:21:31.520 the debt
01:21:31.860 after it's
01:21:32.540 gone up
01:21:33.120 so he's
01:21:33.460 effectively
01:21:34.020 got an
01:21:34.380 infinite
01:21:34.620 money
01:21:34.880 glitch
01:21:35.240 in the
01:21:36.460 economy
01:21:36.760 well over
01:21:40.160 the full
01:21:40.760 cycle
01:21:41.200 I mean
01:21:42.380 he's never
01:21:42.640 not
01:21:43.000 and with
01:21:44.560 the way
01:21:45.180 things are
01:21:45.580 looking now
01:21:46.060 I mean
01:21:46.240 he's massively
01:21:46.860 up
01:21:47.280 having done
01:21:48.540 this so far
01:21:49.240 I mean
01:21:50.480 there's a bit
01:21:50.800 more to the
01:21:51.260 MicroStrategy
01:21:51.820 infinite money
01:21:52.540 glitch
01:21:52.820 and that
01:21:53.180 but that
01:21:54.100 is ultimately
01:21:55.140 well I
01:21:56.100 imagine
01:21:56.380 Trump's
01:21:56.800 going to
01:21:57.000 patch it
01:21:57.480 as well
01:21:57.860 because
01:21:58.400 the
01:21:58.780 American
01:21:59.100 dollar
01:21:59.340 is
01:21:59.460 probably
01:21:59.660 going to
01:21:59.860 be worth
01:22:00.280 a little
01:22:00.560 bit more
01:22:01.000 because he's
01:22:01.440 not going
01:22:01.800 to continue
01:22:02.860 massive
01:22:03.300 money printing
01:22:04.000 I mean
01:22:06.520 he may be
01:22:07.420 inflation
01:22:07.780 and that
01:22:08.140 could be
01:22:08.400 part of
01:22:08.760 what's
01:22:08.960 driving
01:22:09.180 market
01:22:09.600 but basically
01:22:11.540 you need
01:22:11.820 to get
01:22:12.000 the size
01:22:12.620 of the
01:22:12.820 debt
01:22:13.000 down
01:22:13.280 you need
01:22:13.640 to get
01:22:13.780 the deficit
01:22:14.160 down
01:22:14.440 of course
01:22:14.680 a little
01:22:15.420 bit bearish
01:22:16.140 about
01:22:16.400 Bitcoin
01:22:16.760 but
01:22:17.120 now's
01:22:17.880 definitely
01:22:18.200 not the
01:22:18.520 time
01:22:18.700 to buy
01:22:19.040 some
01:22:19.340 if you've
01:22:20.720 got any
01:22:21.080 sort of
01:22:21.400 well
01:22:21.520 your diamond
01:22:21.800 hands it
01:22:22.140 for a start
01:22:22.500 but if you're
01:22:22.840 not going
01:22:23.220 to do that
01:22:23.760 now's the
01:22:24.320 time to
01:22:24.660 probably sell
01:22:25.060 a bit
01:22:25.180 I think
01:22:25.480 we're in
01:22:25.700 this bit
01:22:26.300 of a bubble
01:22:26.700 if anything
01:22:27.000 if you look
01:22:27.440 at if you
01:22:27.780 can get
01:22:28.080 the Bitcoin
01:22:28.500 price up
01:22:29.200 you'll see
01:22:29.760 how volatile
01:22:30.240 that is
01:22:30.660 of course
01:22:30.980 the trend
01:22:32.360 is up
01:22:32.920 I mean
01:22:33.760 of course
01:22:34.120 the diagonal
01:22:34.620 line
01:22:35.060 across it
01:22:35.720 is
01:22:36.020 pretty
01:22:37.380 steep
01:22:38.820 but
01:22:39.260 I mean
01:22:40.120 now's
01:22:41.880 one of the
01:22:42.260 worst times
01:22:42.600 to buy
01:22:43.120 I certainly
01:22:45.400 would not
01:22:46.320 be selling
01:22:46.780 at this
01:22:47.120 point
01:22:47.440 and I'll
01:22:47.920 go into
01:22:48.360 it
01:22:48.640 in fact
01:22:49.360 I'll do
01:22:50.100 the next
01:22:50.360 brokonomics
01:22:50.880 on this
01:22:51.220 I'll give
01:22:51.800 everyone
01:22:52.040 a market
01:22:52.420 update
01:22:52.760 of what
01:22:53.200 I think
01:22:53.400 is going
01:22:53.640 on
01:22:53.900 but the
01:22:54.520 liquidity
01:22:54.840 taps have
01:22:55.360 only just
01:22:55.800 started
01:22:56.140 to really
01:22:56.720 turn up
01:22:57.300 global
01:22:57.640 liquidity
01:22:58.000 and that's
01:22:58.460 essentially
01:22:58.860 what drives
01:22:59.320 markets
01:22:59.720 and Bitcoin
01:23:00.160 Bitcoin
01:23:00.460 is a very
01:23:00.860 good
01:23:01.020 response
01:23:01.340 to global
01:23:01.700 liquidity
01:23:02.080 and I'm
01:23:03.720 pretty sure
01:23:04.300 it's going
01:23:04.640 to run
01:23:05.040 into the
01:23:05.600 autumn
01:23:05.840 of next
01:23:06.960 year
01:23:07.200 so I
01:23:08.440 won't be
01:23:09.400 selling
01:23:09.700 any
01:23:10.080 until
01:23:12.380 I mean
01:23:13.180 maybe
01:23:13.480 I'll think
01:23:13.820 about it
01:23:14.300 summer
01:23:15.260 of next
01:23:15.620 year
01:23:15.940 diamond
01:23:16.740 hands
01:23:17.080 forever
01:23:17.360 but
01:23:17.720 not a
01:23:18.480 good
01:23:18.580 time
01:23:18.780 to
01:23:18.920 buy
01:23:19.080 you want
01:23:19.660 to take
01:23:20.820 some
01:23:21.000 lifestyle
01:23:21.400 chips
01:23:21.740 off
01:23:21.940 certainly
01:23:22.280 but I'm
01:23:22.660 not selling
01:23:23.920 today
01:23:24.640 there's no
01:23:25.900 chance
01:23:26.140 of that
01:23:26.300 but anyway
01:23:26.620 Michael
01:23:27.200 Saylor
01:23:27.540 and his
01:23:28.420 micro
01:23:28.740 strategy
01:23:29.140 is a way
01:23:29.560 that you
01:23:29.820 can buy
01:23:30.220 it in
01:23:30.460 an ISA
01:23:30.880 or some
01:23:31.720 tax efficient
01:23:32.280 vehicle
01:23:32.600 if you
01:23:32.840 particularly
01:23:33.160 wanted to
01:23:33.680 and he's
01:23:35.180 been very
01:23:35.740 good at
01:23:36.140 explaining
01:23:36.820 why
01:23:38.320 it's a
01:23:39.260 superior
01:23:39.660 bet to
01:23:40.160 holding
01:23:40.560 depreciating
01:23:41.680 fiat
01:23:42.280 currency
01:23:42.760 and the
01:23:43.980 next clip
01:23:44.640 is him
01:23:46.300 explaining
01:23:47.040 this
01:23:47.460 with the
01:23:48.360 help
01:23:48.620 of a
01:23:49.020 lovely
01:23:49.220 lady
01:23:49.640 so
01:23:50.320 Samson
01:23:51.740 can we
01:23:52.060 play the
01:23:52.560 next video
01:23:53.180 with sound
01:23:53.860 please
01:23:54.300 full screen
01:23:55.260 make it
01:23:55.800 large
01:23:56.200 this is the
01:23:57.280 explanation
01:23:57.680 coming
01:23:58.100 I do hope
01:23:58.560 you're watching
01:23:58.960 not listening
01:23:59.460 but like
01:24:01.220 most of
01:24:02.120 the people
01:24:02.460 who are
01:24:02.760 buying
01:24:03.060 assets
01:24:03.660 at some
01:24:04.420 point
01:24:04.660 want to
01:24:05.120 sell
01:24:05.300 the
01:24:05.480 assets
01:24:05.880 out of
01:24:06.280 profit
01:24:06.700 people
01:24:07.740 that use
01:24:09.760 fiat
01:24:11.620 currency
01:24:13.580 as a
01:24:15.140 store
01:24:15.400 of
01:24:16.140 value
01:24:17.420 we call
01:24:18.680 them
01:24:18.820 whore
01:24:19.320 people
01:24:23.120 that use
01:24:25.200 fiat
01:24:27.120 well I
01:24:29.360 have no
01:24:29.840 assets
01:24:30.160 so it's
01:24:30.600 difficult
01:24:30.960 to be
01:24:31.360 jubilant
01:24:31.780 we call
01:24:32.200 them
01:24:32.360 whore
01:24:32.800 we call
01:24:34.140 them
01:24:34.300 whore
01:24:34.800 we call
01:24:36.080 them
01:24:36.240 whore
01:24:36.800 there's
01:24:42.140 a name
01:24:42.460 for
01:24:42.720 we call
01:24:45.760 them
01:24:45.920 whore
01:24:46.420 we call
01:24:49.640 them
01:24:49.780 whore
01:24:50.260 it's
01:24:50.660 difficult
01:24:50.900 to dance
01:24:51.600 for
01:24:51.860 something
01:24:52.800 when I
01:24:53.420 am
01:24:53.640 poor
01:24:53.860 it's
01:24:55.700 mocking
01:24:55.960 me
01:24:56.360 I have
01:24:57.220 got some
01:24:57.680 bitcoin
01:24:57.980 but it's
01:24:58.340 not a
01:24:58.560 fantastic
01:24:59.140 amount
01:24:59.720 but no
01:25:01.080 it's always
01:25:01.360 nice to
01:25:01.840 see it
01:25:02.120 go up
01:25:02.580 but yeah
01:25:04.100 remember
01:25:04.800 you are
01:25:08.060 in the
01:25:08.640 markets
01:25:09.140 most people
01:25:10.160 haven't got a
01:25:10.940 pot to piss
01:25:11.520 in
01:25:11.700 they're not
01:25:12.860 exposed
01:25:13.480 one way
01:25:14.220 or another
01:25:14.640 so
01:25:15.500 yes but
01:25:16.400 you can
01:25:17.180 learn all
01:25:17.960 of that
01:25:18.360 with a
01:25:19.060 five pound
01:25:19.520 subscription
01:25:19.980 to
01:25:20.220 lotuseaters.com
01:25:21.340 and watch
01:25:21.860 brokonomics
01:25:22.480 and yes
01:25:24.200 right
01:25:24.580 okay
01:25:24.960 so
01:25:25.820 you've
01:25:26.880 got some
01:25:27.500 let's do
01:25:28.700 a couple
01:25:29.240 of quick
01:25:30.000 rumble
01:25:31.020 rants
01:25:31.380 somebody's
01:25:34.000 talking about
01:25:34.320 football
01:25:34.680 I don't want
01:25:35.680 to talk about
01:25:36.000 football
01:25:36.320 what's this
01:25:38.000 oh yes
01:25:38.800 I'll read the
01:25:39.240 football
01:25:39.480 any footballers
01:25:41.820 who travel to
01:25:42.280 a foreign
01:25:42.640 country
01:25:43.280 disrespect
01:25:44.020 flood
01:25:44.760 victims
01:25:45.240 sing about
01:25:45.700 genociding
01:25:46.440 the local
01:25:46.960 residents
01:25:47.460 and well
01:25:47.960 they're not
01:25:48.180 local residents
01:25:48.920 they're
01:25:49.320 Muslims
01:25:49.820 and vandalized
01:25:51.320 apartments
01:25:51.860 should
01:25:52.160 no
01:25:53.140 I'm not
01:25:56.400 going to
01:25:56.780 advocate for
01:25:57.640 people being
01:25:58.240 beaten up
01:25:58.860 even if they
01:26:00.580 are bad
01:26:01.000 guests
01:26:01.480 anyway
01:26:03.520 you've got
01:26:04.240 that green
01:26:04.660 one there
01:26:05.040 only four
01:26:06.160 known polling
01:26:06.840 companies got
01:26:07.540 close to
01:26:08.120 accurate
01:26:08.580 atlas
01:26:09.620 intel
01:26:10.120 big data
01:26:10.840 poll
01:26:11.180 rasmuton
01:26:12.020 and trafalgar
01:26:12.820 yes and none
01:26:13.520 of them were as
01:26:13.960 close as
01:26:14.560 lotuseaters
01:26:15.720 polling
01:26:16.120 rasmussen
01:26:16.940 is often
01:26:18.280 among the
01:26:19.140 better ones
01:26:19.780 isn't it
01:26:21.080 I'll go by
01:26:23.380 the better
01:26:24.400 insights
01:26:24.820 largely
01:26:25.240 I talked
01:26:25.780 about the
01:26:26.120 atlas intel
01:26:26.680 one
01:26:27.000 I think it
01:26:28.880 was the day
01:26:29.280 before the
01:26:29.720 election
01:26:30.060 or just
01:26:31.080 before
01:26:31.480 and saying
01:26:32.460 this one
01:26:32.900 seems
01:26:33.580 just by
01:26:35.120 vibe
01:26:35.600 more right
01:26:36.520 because it
01:26:37.020 was predicting
01:26:37.500 a pretty
01:26:38.780 significant
01:26:39.400 trump victory
01:26:40.020 and it did
01:26:41.420 prove to be
01:26:41.920 pretty good
01:26:42.360 victory did
01:26:42.940 come
01:26:43.240 right let's
01:26:43.680 do a couple
01:26:43.960 of video
01:26:44.460 comments
01:26:44.800 shall we
01:26:45.940 it has
01:26:47.060 truly been
01:26:47.640 a meme
01:26:48.180 worthy
01:26:48.540 election
01:26:49.280 I haven't
01:26:50.480 seen a man
01:26:51.060 beat a woman
01:26:51.600 this badly
01:26:52.320 since the
01:26:52.820 olympics
01:26:53.360 the left
01:26:54.820 thinks trump
01:26:55.720 is a bitter
01:26:56.260 pill to swallow
01:26:57.060 luckily for
01:26:58.220 them it's
01:26:58.800 more like a
01:26:59.280 suppository
01:27:00.020 what do
01:27:01.580 willie brown
01:27:02.260 and the
01:27:02.740 election
01:27:03.100 have in
01:27:03.620 common
01:27:04.020 kamala
01:27:05.320 blew
01:27:05.720 both
01:27:06.320 good jokes
01:27:10.380 there
01:27:10.680 yeah
01:27:11.120 are you
01:27:12.620 starting
01:27:12.920 the stand
01:27:13.400 up
01:27:13.660 yeah
01:27:14.120 twitter
01:27:16.120 i've got
01:27:16.980 7.1
01:27:18.420 million
01:27:18.820 followers
01:27:20.260 what do
01:27:21.280 you do
01:27:21.460 on twitter
01:27:21.740 nothing
01:27:22.620 it's just
01:27:23.280 twitter now
01:27:23.860 is just an
01:27:24.300 opportunity for
01:27:24.980 very left
01:27:25.680 wing people
01:27:26.360 to express
01:27:27.620 increasingly
01:27:28.280 left wing
01:27:28.940 views to
01:27:29.500 other left
01:27:30.120 wing people
01:27:30.860 well that's
01:27:35.480 certainly changed
01:27:36.100 now and
01:27:36.660 did you see
01:27:37.460 clarkson
01:27:38.080 was saying
01:27:40.460 lots of
01:27:40.980 interesting
01:27:41.500 things about
01:27:42.260 the labour
01:27:42.560 party recently
01:27:43.560 clarkson for
01:27:44.780 pm
01:27:45.080 just to
01:27:45.700 say anyone
01:27:46.000 that isn't
01:27:46.360 watching
01:27:46.720 that's only
01:27:47.160 listening
01:27:47.540 that was a
01:27:48.540 sound clip
01:27:49.080 from 2021
01:27:49.940 i.e. the
01:27:51.060 pre-elon day
01:27:52.400 so it has
01:27:52.780 changed now
01:27:53.280 isn't it
01:27:53.600 who was that
01:27:54.400 guy who led
01:27:55.000 the peasants
01:27:55.540 revolt
01:27:56.000 what tyler
01:27:57.740 yes
01:27:58.240 i want i want
01:28:00.000 clarkson to be
01:28:00.780 our new what
01:28:01.380 tyler
01:28:01.800 what happened to
01:28:03.200 what tyler
01:28:03.540 we got murdered
01:28:04.940 okay apart
01:28:06.040 apart from that
01:28:07.000 in front of
01:28:08.100 everyone in
01:28:08.900 public
01:28:09.220 okay except
01:28:10.760 that bit
01:28:11.360 clarkson
01:28:12.260 steven
01:28:12.560 alistair
01:28:14.220 campbell is
01:28:14.880 a miserable
01:28:15.440 specimen but
01:28:16.260 repeating the
01:28:16.880 lie that the
01:28:17.400 second invasion
01:28:18.040 of iraq was
01:28:18.720 utterly unjustified
01:28:19.940 must stop
01:28:20.820 am i the only
01:28:21.700 person who
01:28:22.260 remembers listening
01:28:22.980 on the eve of
01:28:23.640 the war to
01:28:24.100 hans blix being
01:28:24.940 interviewed on
01:28:25.620 radio 4's
01:28:26.240 today program
01:28:26.980 no weapons of
01:28:28.100 mass destruction
01:28:28.680 have been found
01:28:29.440 so why are we
01:28:30.160 about to invade
01:28:31.060 his response
01:28:32.020 fascinated me
01:28:32.960 if they don't
01:28:33.820 have these weapons
01:28:34.560 they've gone to
01:28:35.080 extraordinary lengths
01:28:36.060 to convince us
01:28:36.740 that they have
01:28:37.440 indeed iraq did
01:28:38.780 not but it's
01:28:39.560 illiterate to
01:28:40.200 ignore that they
01:28:40.860 had used them
01:28:41.460 before and they
01:28:42.420 border iraq in front
01:28:43.540 of whom they
01:28:43.960 could not look
01:28:44.600 weak
01:28:44.940 no i need to do
01:28:50.220 a bro i need to
01:28:50.860 do an epox all
01:28:52.200 about in fact i
01:28:53.140 said to carl we
01:28:53.720 might do it so i
01:28:54.820 talked to carl about
01:28:55.540 it a bit just
01:28:56.340 before this segment
01:28:57.400 and he admitted he
01:28:59.560 didn't remember it
01:29:00.180 that well we're about
01:29:00.880 the same age but
01:29:01.660 um there's weapons
01:29:02.900 of mass destruction
01:29:03.480 so saddam definitely
01:29:05.560 had chemical weapons
01:29:06.740 definitely had chemical
01:29:08.380 weapons and had
01:29:09.020 used them in the
01:29:09.520 past but condoleezza
01:29:13.160 rice george bush
01:29:14.700 junior colin powell
01:29:16.900 colon powell uh the
01:29:18.700 bush administration
01:29:19.560 and people like uh
01:29:21.300 jack straw and tony
01:29:22.980 blair were trying to
01:29:24.300 say that he was had
01:29:26.220 nuked he had a
01:29:26.820 nuclear weapons
01:29:27.380 program condoleezza
01:29:28.760 rice explicitly said
01:29:29.720 and um and uh
01:29:32.740 colon powell said
01:29:33.580 that the evidence of
01:29:35.360 our failure to act on
01:29:36.520 this will be a
01:29:37.260 mushroom cloud saying
01:29:39.400 saddam is working
01:29:41.340 on or may have
01:29:42.680 nukes tony blair
01:29:44.860 said he's got
01:29:45.420 weapons of mass
01:29:46.060 destruction whether
01:29:46.680 it's chemical weapons
01:29:47.500 or nuclear weapons
01:29:48.380 ready to fire within
01:29:49.760 45 minutes all that
01:29:52.840 was a lie all that's
01:29:53.880 not true that was
01:29:55.040 not true so let's be
01:29:57.540 clear about who's
01:29:59.020 anyway alex
01:29:59.940 eagle yeah let's be
01:30:01.120 clear we're talking
01:30:01.580 about chemical weapons
01:30:02.460 or nuclear weapons
01:30:03.280 because at the time
01:30:04.980 they were talking
01:30:05.420 about nuclear weapons
01:30:06.500 yeah hands blicks
01:30:08.580 went in there to try
01:30:09.660 and find if there was
01:30:10.540 any evidence of
01:30:11.060 nuclear weapons i find
01:30:13.660 a clip of condoleezza
01:30:14.560 rice talking about the
01:30:15.340 mushroom cloud all that
01:30:17.460 was a falsehood it's a
01:30:19.640 type of bullshit the
01:30:20.480 the state can't get
01:30:21.340 away with these days i was
01:30:24.440 eight years old at the
01:30:25.140 time i don't remember it
01:30:26.100 too well i'm afraid
01:30:26.940 should we do a few
01:30:27.620 comments i know we're up
01:30:28.340 to time we've got five
01:30:29.580 minutes oh we've got
01:30:30.300 another we know we've
01:30:30.960 got seven creep don't
01:30:31.900 forget creep creep oh
01:30:33.180 yeah we can overrun a
01:30:35.340 little bit and read some
01:30:36.080 comments hang on we've
01:30:37.300 got to listen to coop
01:30:38.540 yeah bo i get it you
01:30:41.320 should see this this is
01:30:43.080 all the notes i've
01:30:44.840 collected over the past
01:30:46.320 20 years for the book
01:30:48.620 that i'm currently writing
01:30:49.880 that i'm just over a
01:30:51.220 third of the way through
01:30:52.280 in between trying to make
01:30:56.220 a game and learn
01:30:57.320 vietnamese for my
01:30:58.360 misses by the way i'm
01:31:00.760 vectoring for a stall at
01:31:02.280 trump's big birthday
01:31:03.320 celebration for america
01:31:04.900 how do you rate my
01:31:05.860 chances it's worth a
01:31:08.540 shot yeah give you a
01:31:09.400 whirl putting a good
01:31:10.880 word for you that looks
01:31:12.620 like a really long
01:31:13.880 tone he's working on
01:31:15.360 there god yeah good
01:31:17.760 luck maybe it's a
01:31:18.220 trilogy best of luck
01:31:19.580 right we do have um
01:31:21.240 not just a string says
01:31:22.980 the only price uh you
01:31:24.320 know you can buy
01:31:25.280 bitcoin for is today's
01:31:27.140 the us is going to be
01:31:28.320 buying almost half the
01:31:29.540 liquid supply in five
01:31:30.500 years ask dan what he
01:31:31.880 thinks um the top next
01:31:34.180 year will be before you
01:31:35.420 rule out buying that's
01:31:38.140 what they said and uh
01:31:39.640 andrew uh hinfregan
01:31:43.080 hinigan i guess um can
01:31:45.920 trump with ron paul pull
01:31:47.100 and andrew jackson and
01:31:48.280 unburden us of the central
01:31:49.900 banking that has been i
01:31:51.160 would love that please do
01:31:52.400 um i'd love to watch the
01:31:54.060 international libs fall
01:31:55.420 out of a coconut tree
01:31:56.760 good references there
01:31:58.220 yeah i absolutely hate
01:31:59.860 central banking you know
01:32:01.720 the way in which the
01:32:03.100 economy has been dealt
01:32:03.920 with has basically
01:32:05.320 betrayed my entire
01:32:06.600 generation i'll never
01:32:08.120 own a home i'll never
01:32:09.720 own assets and i will be
01:32:11.880 resentful about it i'm not
01:32:13.880 going to be happy about
01:32:14.680 it klaus
01:32:15.520 yeah andrew jackson that's
01:32:18.000 a great uh he put the
01:32:19.240 kibosh on the federal
01:32:20.160 reserve andrew jackson
01:32:22.100 they wanted to bring in
01:32:23.740 the federal reserve and
01:32:25.260 he's like no i'm not
01:32:25.880 doing that yeah that's
01:32:26.980 he's uh one of my
01:32:28.100 favorite u.s presidents
01:32:29.060 for that very reason and
01:32:31.600 that alone oh yeah i was
01:32:33.320 gonna say it's not the
01:32:34.320 indian stuff less less
01:32:36.560 cool less cool i'm not
01:32:39.560 big on scalping bow all
01:32:41.600 right yeah fair enough
01:32:42.760 yeah all right we got some
01:32:44.260 comments anyway um would
01:32:45.940 you like to read some of
01:32:46.840 your comments bow oh uh
01:32:48.540 just just a couple
01:32:49.360 jane ginger said thoroughly
01:32:50.920 enjoyed your segment both
01:32:51.860 thank you thank you very
01:32:52.780 much informative and
01:32:54.040 heartfelt my historical
01:32:55.240 interest is usually limited
01:32:56.320 limited to ancient history
01:32:57.860 but you've really sparked
01:32:59.080 my interest in me
01:33:00.360 regarding the world wars
01:33:01.700 yeah i find world war one
01:33:03.700 infinitely fascinating um
01:33:07.420 it's almost like a
01:33:09.040 steampunk thing it's
01:33:10.480 almost like victorians
01:33:12.620 meeting late 20th
01:33:15.020 20th century people i i
01:33:17.200 don't know it's it's a
01:33:18.020 weird thing uh what's this
01:33:19.700 uh stelios's hammer of the
01:33:21.340 britons says having taken
01:33:22.880 the time to visit the
01:33:23.900 sites of uh the war to end
01:33:25.960 all wars it is truly
01:33:27.160 humbling the level of human
01:33:28.260 suffering i would encourage
01:33:29.740 any and all who can to go
01:33:31.420 and tidy up a little bit of
01:33:32.560 a war cemetery yeah that's
01:33:33.920 an amazing thing to do it's a
01:33:35.120 small lax but important and
01:33:36.720 that would be an incredible
01:33:37.620 thing to do well a good thing
01:33:39.260 to say actually yeah i did
01:33:40.420 mention vimy ridge um near
01:33:43.740 ara in northern france there's
01:33:45.720 not only a big memorial
01:33:47.240 there but there's also a
01:33:48.040 whole bit of the front line
01:33:49.360 uh both sides of the
01:33:50.720 trenches and no man's land
01:33:51.980 and some tunnels underneath
01:33:53.480 there that are all still
01:33:55.000 that have been kept intact
01:33:56.000 so you can actually you can
01:33:58.180 actually yeah it was an
01:33:59.580 incredible thing to i would
01:34:01.660 suggest people go there but
01:34:03.040 of course it's very dark
01:34:04.180 it's not it's not it's not
01:34:06.200 sort of not a cheery holiday
01:34:07.320 it's not cheery and fun it's
01:34:08.780 very sort of sobering i mean
01:34:10.560 people do go on holiday and go
01:34:12.180 to you know um what's it
01:34:14.140 called the concentration
01:34:16.340 camps don't know how i forgot
01:34:17.980 yeah those places the ones in
01:34:19.720 poland i've been there
01:34:20.860 i've been there but um i'll
01:34:24.560 read a couple of comments
01:34:25.320 all rebuilt by the soviets in
01:34:26.000 the late 40s
01:34:26.880 don't say that when you're
01:34:30.420 there though
01:34:30.860 that is a matter of fact but
01:34:33.240 i mean i i was walking around
01:34:35.180 thinking this looks 70s built
01:34:37.900 but i didn't say anything
01:34:39.260 because you know it's a bit
01:34:40.140 touchy that sort of thing
01:34:41.180 jimbo g says i'd like to
01:34:43.140 thank the european
01:34:43.800 politicians for making our
01:34:44.840 cities and community
01:34:45.600 battlegrounds uh for
01:34:47.100 disputes i'm um sure more
01:34:49.780 tax money and brainwashing
01:34:51.220 will sweep it under the
01:34:52.160 carpet
01:34:52.500 traitors i agree yes um
01:34:55.380 az desert rat says those
01:34:56.600 people all need to be
01:34:57.460 deported it doesn't matter
01:34:58.440 what their immigration status
01:34:59.460 is yep and base tape
01:35:00.600 says it really irks me
01:35:01.860 about the people like us
01:35:03.240 get called nazis by the
01:35:04.500 same people looking the
01:35:05.520 other way while mobs
01:35:06.740 perform a crystal knock on
01:35:08.520 their streets so dan uh
01:35:10.840 just a couple of comments
01:35:12.080 yes i i will read um lotus
01:35:14.460 eaters rastafarian audience
01:35:16.140 says thank you well well dan
01:35:18.600 for the news on bitcoin now
01:35:20.220 we fit understand lotus
01:35:21.560 eaters you're gonna make us
01:35:22.760 plenty money
01:35:23.380 so there you go already
01:35:25.480 expanding our audience
01:35:26.780 with that with that segment
01:35:28.800 uh george hap says we need
01:35:30.000 some dan was right merch asap
01:35:31.660 uh that is absolutely correct
01:35:34.660 um let's pick out uh another
01:35:38.040 one um here we go um oh this
01:35:40.680 is a good one from kevin
01:35:41.340 governments have never been
01:35:42.620 any good where currency was
01:35:43.580 concerned many years ago the
01:35:44.800 brazilian treasury decided to
01:35:46.300 produce a 10 crozo note they
01:35:48.920 printed a million dollars worth
01:35:50.400 before they realized it was
01:35:51.420 costing them 20 crozos to
01:35:53.200 print each 10 crozo note and
01:35:56.260 charles francis montgomery uh has
01:35:58.160 a comment which i'll end on which
01:35:59.600 kind of sums up um all of the
01:36:01.360 conversations that we've had
01:36:02.300 today gold is the currency of
01:36:04.260 princes silver the currency of
01:36:06.100 free men debt is the currency of
01:36:07.940 laves and the currency of
01:36:09.640 tyrants is the blood of their
01:36:11.380 own subjects so yeah good note
01:36:15.280 to end the show on and um i
01:36:18.480 suppose thank you for watching
01:36:21.000 uh same time tomorrow i think
01:36:23.080 there might be a round table
01:36:24.160 where we're talking about trump's
01:36:25.480 victory uh tomorrow afternoon as
01:36:27.700 well so uh free some time in your
01:36:29.640 schedule if you can in advance
01:36:31.620 and goodbye