The Podcast of the Lotus Eaters - Podcast of the Lotus Eaters #1039

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. 0.69

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. 0.98

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. 0.97

00:05:23.840 A domestic enemy. 0.99

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. 0.81

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. 0.91

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. 0.97

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. 1.00

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. 0.84

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, 0.74

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. 0.98

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. 1.00

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. 0.96

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. 0.68

00:27:55.740 And I'll march them and fire on Berlin before I do that. 0.99

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. 0.99

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, 0.98

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, 0.75

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. 1.00

00:34:56.680 You'd probably just shoot them. 0.98

00:34:57.720 But then there are also lots of examples of people doing the exact opposite. 0.86

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, 1.00

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. 0.93

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. 0.99

00:38:33.000 It is Muslims doing this. 1.00

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, 0.96

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? 0.99

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? 0.76

00:40:14.600 And so these roving gangs of Muslims are in a country which, 1.00

00:40:18.800 they're not native to, imposing their views on the native population. 0.94

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. 1.00

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. 0.80

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. 1.00

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. 0.87

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. 0.90

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, 0.60

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 1.00

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 1.00

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, 1.00

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 0.99

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, 0.98

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, 0.94

00:49:28.300 they'll come like rats to take them down. 0.96

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 0.54

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 1.00

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, 0.99

00:50:43.540 Muslims with the Palestinian flags 0.99

00:50:44.800 hunting down Jews. 1.00

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. 0.57

00:50:51.660 Of course, Wilders being quite a strong Zionist, 0.98

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 0.54

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? 1.00

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, 1.00

00:52:15.500 but I would imagine that we wouldn't have seen

00:52:18.280 the same level of street violence 0.93

00:52:20.240 had the Muslims not been residing there in the first place 1.00

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 0.97

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 0.57

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. 0.96

00:53:27.100 And it is ridiculous as well. 0.79

00:53:28.600 I think Israel actually flew out 0.91

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! 0.60

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. 1.00

00:55:50.820 Dutch have more per capita. 0.58

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 1.00

00:56:00.620 feral people are ruining Europe. 1.00

00:56:04.960 I mean, we have the evidence, don't we? 0.78

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 1.00

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, 0.87

01:03:04.680 but some twat burger. 0.50

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. 0.99

01:03:33.480 We hate you, 0.94

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 1.00

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 0.89

01:10:12.000 illegal for them

01:10:13.060 to hire illegal immigrants 0.99

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 0.84

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 1.00

01:13:18.260 this shit 1.00

01:13:18.660 so 1.00

01:13:18.960 how would

01:13:20.060 Rastafarians 1.00

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 0.92

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 0.64

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 0.98

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 0.98

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 1.00

01:24:18.820 whore 1.00

01:24:19.320 people 0.99

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 1.00

01:24:32.360 whore 1.00

01:24:32.800 we call 0.99

01:24:34.140 them 1.00

01:24:34.300 whore 1.00

01:24:34.800 we call 0.99

01:24:36.080 them 1.00

01:24:36.240 whore 1.00

01:24:36.800 there's 0.99

01:24:42.140 a name

01:24:42.460 for

01:24:42.720 we call

01:24:45.760 them 1.00

01:24:45.920 whore 1.00

01:24:46.420 we call 0.99

01:24:49.640 them 1.00

01:24:49.780 whore 1.00

01:24:50.260 it's 0.97

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 0.60

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 0.82

01:25:49.820 and vandalized 0.98

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 1.00

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 0.98

01:28:14.880 a miserable 0.99

01:28:15.440 specimen but 0.94

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 0.98

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 1.00

01:30:19.640 type of bullshit the 1.00

01:30:20.480 the state can't get 1.00

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 0.85

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 0.98

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 0.91

01:34:55.380 az desert rat says those 0.99

01:34:56.600 people all need to be 0.98

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 1.00

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 1.00

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 0.73

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

The Podcast of the Lotus Eaters - November 11, 2024

Podcast of the Lotus Eaters #1039

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