The Podcast of the Lotus Eaters - The Podcast of the Lotus Eaters #1505

00:00:00.000 Good afternoon and welcome to the podcast of the Lotus Eaters episode 1505. I'm your host Harry

00:00:05.560 joined today by Beau of Breakfast with Beau fame and Firaz of Realpolitik fame and you have an

00:00:12.320 episode going out later today is that? Yes I do yes I do we're talking about the uh the nature

00:00:18.580 of the good versus evil fight that's happening in the west right now and how everybody's a bit

00:00:22.780 too mind-raped by endless propaganda and debt. Pretty common sort of talking points for us in

00:00:28.420 that case but uh i'm sure you'll put it into uh greater context and clarity i said i sad to see

00:00:34.120 that lindsey clancy's face is up there as well so you'll be addressing that carefully so is oran

00:00:38.980 mamdani's face yes no i spotted that as well yes well will that be broadcasting live uh live at

00:00:45.640 three great so tune in for that if you've got a subscription to the website other than that today

00:00:50.060 we're going to be discussing the current oil situation uh i'll be discussing the legacy of

00:00:54.800 Charlie Kirk, one year on from his death. And we'll also be looking at the reform gift situation.

00:01:03.060 So with that, let's get into the news. All right. So let's start off with a quick look at oil prices

00:01:10.820 almost live, not exactly live, but with a 15 minute delay. And you will see that the three

00:01:18.280 main indicators, the WTI crude, which is the price in the United States, $102. Brent crude

00:01:24.780 crude, $107, that's the main indicator. And the OPEC basket, the stuff that comes out of the Gulf

00:01:31.920 mainly, with some other countries like, you know, Venezuela and Nigeria, $114. So there is obviously

00:01:42.560 a huge problem. And the war really isn't going well at all for the Americans or the Saudis or

00:01:52.300 pretty much anybody in the region um i was gonna say iran aren't coming out smelling of roses

00:01:57.580 nobody's really a winner are they iran isn't doing well at all iran is under a severe economic siege

00:02:03.500 uh their currency has absolutely crashed but they are still firing missiles and they're still

00:02:09.180 closing the strait of humus which for them it's a waiting game until either they collapse which

00:02:15.820 might happen in a few years time or there's a global financial crisis which might happen in

00:02:20.780 few weeks time so it's it's really is one or the other um possibly both possibly both uh jp morgan

00:02:30.140 released a chart on the level of global oil inventories and it looks terrible because by

00:02:39.500 their reckoning we will be in a disaster zone very soon what are we looking at here sorry

00:02:46.460 We're looking here at the total level of visible oil inventories, where is the oil in storage in billions of barrels, and how much of it is there.

00:02:58.740 And what JP Morgan are saying is that this is the operational floor limit at which it becomes much harder to take oil out of storage and make it available to the market.

00:03:12.240 at which point the availability of oil declines considerably now there might be some dispute

00:03:20.140 about these figures but this is what jp morgan is are estimating we will find out in a couple

00:03:25.680 of weeks time if they are wrong or if they are right well because according to this chart it

00:03:30.300 says that we've already reached that by september and we're in september right now which which would

00:03:34.820 suggest that any further disruption to oil markets will be quite disastrous say hurricane season

00:03:41.940 hitting the united states and taking some refineries and production from the gulf of mexico

00:03:47.060 offline uh things of that nature is this also is this this is for the whole world

00:03:52.740 this like the situation in saudi might be different to the situation in texas

00:03:56.660 yes okay and then there is the chinese oil storage which is a huge quantity of oil that

00:04:02.500 is sitting in china which has less visibility and china unlike say the oecd countries

00:04:09.300 won't be making its stored oil available for the rest of the world they will keep their stored oil

00:04:15.700 for themselves and now they're back on the market buying having been on a bit of a buyer strike

00:04:21.540 when the war began and that explains part of the surge in oil prices the price was kept artificially

00:04:28.180 low for by a bunch of reasons one of them being that the Chinese stopped buying and now they're

00:04:35.380 buying again so according to jp morgan i'm not an expert on this but it looks bad so hence why all

00:04:44.480 of my fuel costs have skyrocketed recently yes yes exactly and uh shipping costs are going through

00:04:53.480 the roof now everything that you buy is shipped from somewhere because that's what a globalized

00:04:58.220 economy is and the whole purpose of globalization is to make countries less independent less

00:05:03.220 autonomous, less able to make their own decisions, more reliant on a global capital market that sort

00:05:08.960 of ties the whole world together. And so when shipping costs go up, all of the costs that you

00:05:16.820 have to pay for also go up. And one of the key things is that moving oil across the world now

00:05:24.780 costs a lot more. And West Africa is relevant here because Middle East oil going to China

00:05:31.160 is now having to travel, especially from Saudi Arabia, is having to travel halfway across the

00:05:37.660 world because the Saudis don't have access to the bottom end of the Red Sea, Bab al-Mandab,

00:05:43.500 through which they export their oil. That is now closed by the Houthi.

00:05:47.300 I was just going to ask that. Is that fully, fully closed?

00:05:50.480 For the Saudis. Not for everybody, for the Saudis. And I'll get to a map in a few minutes

00:05:57.240 and explain that meanwhile countries like argentina are doing well because there are plans

00:06:05.480 for 30 billion of investments there by american companies by some chinese companies by uae

00:06:12.520 companies by the kind of global companies that are all linked together in the big epstein club

00:06:17.240 essentially uh there's massive investments that have been announced for venezuela massive

00:06:23.000 investments announced for Guyana, all in Latin America, and the oligarchs seem to be thinking

00:06:29.720 the Middle Eastern oil is going to be off the market for a while, let's develop a bunch of

00:06:34.280 resources in Latin America that don't depend on the Middle East. But this can only be achieved

00:06:39.560 through this kind of war which is going to make everything horrifically expensive for everyone.

00:06:44.440 And it's not the work of the moment, is it? No. It takes years actually to get infrastructure

00:06:50.440 up and running if there's nothing or hardly anything there i mean even somewhere like

00:06:54.280 venezuela it didn't just oh we'll just turn the taps on now nope no it doesn't work that's that

00:06:58.680 that is absolutely not how it is and so if you're going to have a long-term project like that you

00:07:04.760 need a significant return on investment because you're taking a massive risk the biggest risk

00:07:10.200 is that middle eastern oil comes back online because the marginal cost of extracting a bad

00:07:15.080 A barrel in the Middle East is $20 for the Saudis, $25 for the Emiratis or thereabouts.

00:07:22.200 Kuwaitis, others are in a similar bracket.

00:07:26.340 Extracting Middle Eastern oil is insanely cheap.

00:07:29.340 That is the big advantage of the Gulf.

00:07:33.200 Extracting oil in other parts of the world is considerably more expensive

00:07:36.560 because of differences in quality, because of differences in geology,

00:07:40.740 because of all kinds of technical things that I'm not an expert on.

00:07:45.080 But if you want these projects outside of the Middle East to be viable, you need a considerably higher price of oil for a long period of time.

00:07:53.800 That is what ends up making your investments worthwhile.

00:07:56.720 So we're seeing these investments being announced by the United States, but they come with a huge risk, which is the availability of cheap crude in the Middle East.

00:08:07.020 This war is helping take it off the market, essentially.

00:08:09.820 something else i think is worth saying a little bit more complexity but absolutely worth saying

00:08:16.600 i think is all the different products you get from a barrel of crude right which we've only

00:08:23.580 really just been talking about crude oil haven't we here well that's really still just the very

00:08:27.820 beginning the tip of the iceberg if you like because you get out of that everything from

00:08:32.080 what like uh petrol gasoline kerosene diesel chemicals plastics and those yeah so it goes

00:08:41.240 down to sort of uh fuel oil and even like bitumen lubricants uh and then from that you make plastics

00:08:47.240 or any number of things all from crude so it's not just your petrol your diesel at the pump that's

00:08:53.980 really not even half of it that is the transportation picture the petrol the petrol and the diesel at

00:09:01.060 pump everything that goes into a car literally everything from the sort of seats to the plastics

00:09:08.180 that go into it to the buttons on the car uh the oils that go in the engine all of that

00:09:15.860 is somehow derived from crude or linked to something derived from crude

00:09:21.860 and the gas that you burn throughout most of the world for energy that is either a byproduct

00:09:28.820 of crude or 20 of it of the lng is coming out of qatar so it is not just the prices at the pump

00:09:39.300 it is literally everything your food is wrapped in in plastic and the fertilizer comes from

00:09:46.820 byproducts of oil distillation even there's um even the stuff that the big tankers ships run on

00:09:54.340 um not fuel oil but like the thickest stuff at the bottom of a barrel so if that runs to a halt

00:10:00.800 then we've got so you're looking at systems collapse then that is why you're seeing shipping

00:10:05.620 costs go through the roof right that is why you're seeing shipping costs go through the roof

00:10:10.580 and because everything is traded that is going to literally impact everything

00:10:17.880 um so what you're saying is it would be really bad if you're a country with

00:10:25.100 a very poor and unoptimized energy infrastructure yes somewhere that for instance maybe doesn't

00:10:31.080 produce its own or doesn't drill for its own oil even if there's some available to it or doesn't

00:10:36.700 have anything like i don't know nuclear power stations set up or coal or coal yes so china

00:10:43.060 China uses vast amounts of coal.

00:10:46.740 They're building nuclear plants.

00:10:49.660 It takes them a year to build one or a couple of years to build one.

00:10:52.580 In the West, it's 20.

00:10:55.820 They are developing all of the alternative sources like wind and solar at a breakneck

00:11:01.660 pace.

00:11:02.660 They are well-equipped for this.

00:11:05.940 And they're selling the equipment itself to the West.

00:11:09.900 So this de-industrialization thing has really been quite destructive and the net zero thing

00:11:15.660 has been suicidal.

00:11:17.100 It's even more frustrating, isn't it, Harry, if you were one of those countries that did

00:11:21.500 happen to be sitting on reserves of crude oil and or massive seams of coal and have

00:11:27.240 all the technology to do a nuclear power station and has just decided not to.

00:11:31.500 In case you're wondering, we're talking about Britain.

00:11:33.380 Yes.

00:11:34.380 In case you're wondering, we're talking about Britain.

00:11:36.380 It's not great for us.

00:11:37.380 No.

00:11:38.380 And there is oil in Europe, but let's go net zero here.

00:11:43.620 Let's not drill for it.

00:11:44.620 There is coal all over Europe, untouchable.

00:11:48.400 And Putin is pointing out here that for Europe,

00:11:50.620 it's really grim because they were getting

00:11:52.760 1,000 cubic meters of gas for $150.

00:11:58.220 Now they're going to be soon paying $1,500.

00:12:01.720 And that is coming rather than through pipelines from Russia,

00:12:06.040 which are ridiculously cheap.

00:12:07.060 It is coming from American companies that are exporting LNG, partly because Qatari LNG

00:12:14.540 is taken off the market, and partly because the Americans have done a very good job in

00:12:19.580 developing their own LNG infrastructure.

00:12:21.600 But let's fact check Putin, because actually, it's not from 150 to 1500, it's just from

00:12:29.380 150 to 1000, really.

00:12:31.460 Oh, well, it's just 1000, really.

00:12:33.240 Putin is exaggerating a little bit.

00:12:34.880 But, you know, with European gas storage levels being quite low, it might hit that magic number in a few months' time if there's a big winter crunch.

00:12:45.680 And let's say if one of Europe's big storage facilities is mysteriously sabotaged, which the Russians are in the process of doing for rather obvious reasons, because their own energy infrastructure is getting smashed to smithereens with the full backing of NATO by Ukraine.

00:13:04.880 So, to add all of this, to complicate this picture further, things are going on in the

00:13:16.640 Middle East.

00:13:17.640 The war is far from over.

00:13:20.480 The Houthi in Yemen, who were a small kind of Shia radical group that have been trying

00:13:25.920 to reconquer the country, they were the source of the imamate that governed Yemen for a thousand

00:13:31.200 years.

00:13:32.200 were overthrown when everybody in the middle east went slightly socialist and now they're trying to

00:13:36.920 regain their position in the 60s or 70s yes so in the 60s there was a huge war uh where the

00:13:43.120 egyptians and the saudis got involved on opposite sides the egyptians backed the socialists the

00:13:47.840 saudis backed the traditional monarchy now the elements that underpin that traditional monarchy

00:13:53.820 are the main enemies of the saudis because they've allied with iran so because of what what was that

00:13:59.040 because they allied with iran oh right okay sorry i'm sorry i didn't sorry yeah i know the british

00:14:04.960 and the sas were involved in oman in the 70s yes fight off i believe a communist insurgency yeah

00:14:12.240 for behalf of the monarchy yes which they did do didn't they the brits did it very successfully

00:14:18.320 and very competently in oman and they kept that country out of the clutches of the communists

00:14:23.920 and they did that by encouraging the previous sultan to overthrow his father

00:14:29.040 And he turned out to be, frankly, one of the best rulers of the Middle East.

00:14:34.600 Did a pretty good job, considering the hand he was given.

00:14:38.640 His father became famous for what it was suggested to him,

00:14:42.500 that he should build schools and hospitals for his people.

00:14:46.220 He said, why would I want their numbers to grow?

00:14:48.560 What are they going to do?

00:14:52.260 That's pragmatism for you.

00:14:54.380 To be fair, they now have a 50% youth unemployment rate.

00:14:59.040 I'm just going to leave it there.

00:15:01.200 But going back to Yemen now, the Houthis are busy smashing Saudi Arabian military airports.

00:15:09.240 Now if you'll remember, the Iranians smashed the Saudi military airports that were in the

00:15:13.760 east of the country, close to Iran.

00:15:16.220 Now the Houthi are trying to take care of the rest, with the hope of collapsing the

00:15:20.440 Saudi Air Force, which would be a complete disaster because that is the only thing that

00:15:25.900 is holding the Houthi back. If there is no Saudi Air Force to stop them, there is nothing

00:15:32.520 to stop them. And so with Saudi military airports taking a bunch of hits, the Yemenis are retaliating

00:15:40.520 and are slowly trying to break up the Saudi Air Force.

00:15:44.820 Ask a question. I like learning stuff in real time. I've often wondered this, but just never

00:15:51.220 had the resolution to understand it properly it seems to me when you look at the world as though

00:15:56.480 it's like a game of risk yes why why haven't the saudis before now taken out yemen oh they tried

00:16:05.120 a bunch of times right okay so there are parts of saudi arabia that literally used to belong to that

00:16:11.720 imam that i was telling you about yeah the saudis took them out in the 30s right yeah um since then

00:16:18.600 they figured we might as well get along with somebody in yemen like now in the last 10 15

00:16:23.800 years though you would have thought maybe the saudis would the amount of money okay okay fair

00:16:29.480 enough and they've been failing is it just a very difficult country sort of mountainous the

00:16:34.600 geography of yemen is impossible okay okay so the reason one of the reasons aside from their insane

00:16:40.280 incompetence that the egyptians lost the 1967 war against israel uh the six-day war was because they

00:16:47.640 had sent a bunch of their crack troops to yemen and got absolutely smashed by the predecessors of

00:16:53.880 the houthis all right the egyptians fighting on behalf of effectively some sort of saudi coalition

00:16:59.320 no fighting on behalf of world communism essentially oh okay this was nasir as part

00:17:04.840 of his alliance with the socialists sending his troops into yemen to help the socialist revolution

00:17:09.640 in yemen that's kind of what led to the partition of yemen it's complicated isn't it it's a bit of

00:17:15.240 of a mess yeah that's a real mess um so nasa doing that didn't the saudis didn't the saudis

00:17:22.120 have something to say about that they must have done he backed the other side and they lost it

00:17:25.400 okay right and paved the way for his defeat by the israelis okay a little bit of a history lesson

00:17:30.200 there sorry to go off on a tangent fascinating stuff though my pleasure don't say you never

00:17:34.540 learn anything on the show folks not people enough not enough people know enough about the history of

00:17:38.660 yemen the recent history of yemen i know nothing of the recent history or ancient history or even

00:17:43.240 middle history of yemen okay the president of yemen described governing that country as dancing

00:17:49.140 on the heads of snakes and that's kind of what you need to know i expect as much for most of the rest

00:17:54.660 of the region as well yes uh although yemen is worse i have to insist on this now the houthi

00:18:01.820 are trying to smash the saudi air force and by smashing the bases of the saudi air force with

00:18:08.520 big waves of missile strikes and drone strikes. And we've seen that the Iranians can do it,

00:18:16.320 and it seems that the Iranians are helping, and I'll get to that in a second.

00:18:22.040 But here we have the Houthi announcing that they're visiting the southern coasts of Yemen,

00:18:27.100 not to Bab el-Mandeb, whether or not they control the strait itself is in debate,

00:18:31.620 different sides are saying different things, but basically much closer to the strait than

00:18:36.600 they have been in the last few years, meaning that they can close Saudi

00:18:41.460 shipping a lot more effectively, meaning that they can close oil exports out of

00:18:46.200 Saudi Arabia a lot more effectively. And to make this slightly worse, yeah this

00:18:54.160 is going into the details here, to make this slightly worse, the Houthi blew up

00:19:00.220 the main pipeline in Saudi Arabia that goes from the east to the west of the

00:19:05.040 country that enables exports to happen on the red sea and that's why you saw a big price and

00:19:10.920 price spike in oil uh on thursday and friday i am really surprised the saudis haven't gone

00:19:17.640 full-blown sort of the way sri lanka dealt with the tamils or they like the full-blown we're

00:19:23.020 going to mobilize our whole country to end these guys they can't do it really it's that difficult

00:19:28.140 no no the country is that impenetrable is it or partly that partly because under the al-saud it

00:19:36.160 is impossible because the last thing that the ruling family wants in saudi arabia is actually

00:19:42.840 a strong and successful and competent military because then they'd overthrow the ruling family

00:19:47.640 because the ruling family consists of when we say family you know 20 30 000 people and counting

00:19:54.260 rapidly uh the founding king i counted 54 sons i don't know how many daughters he had

00:20:02.100 um and they all are literally on the government payroll

00:20:07.700 and so what happens is that the oil revenue go to the family they take their cut then they give it

00:20:14.660 to the treasury in a bit of an informal way this has been updated somewhat under muhammad

00:20:20.500 bin Salman, but that used to be how they governed the country. So if you have a competent military,

00:20:26.140 you know, you guys complain, why are you paying whatever it is for the royal family, which is

00:20:30.020 really a pittance in the grand scheme of things, they have a lot more to complain about, shall we

00:20:36.720 put it this way. And you're not allowed any major commercial enterprise or any position of seniority

00:20:41.660 if the government isn't, if one of the princes isn't involved somehow. And so this is what the

00:20:48.740 pumping stations on the east-west pipeline which connects the region that has oil to the red sea

00:20:54.380 this is what the pumping stations now look like uh two of them have been absolutely blown to

00:21:00.460 smithereens that's what they used to look like so is this by iran or by the houthis yeah well

00:21:05.680 what's the difference they they're saying that they were hit from iraq okay meaning that it was

00:21:14.000 under the command of the Iranians.

00:21:16.520 And the Iranians acting out of Iraq

00:21:19.400 on behalf of the Yemenis

00:21:20.860 blew up the east-west pipeline

00:21:22.840 because it helps with Iran's blockade on oil.

00:21:27.600 And they blew up two of the 11 pumping stations

00:21:30.840 and they look absolutely terrible.

00:21:34.280 They are completely burnt out.

00:21:36.960 And these take a while to fix.

00:21:38.940 Now, the last time this happened,

00:21:41.140 the Saudis managed to get the pipelines up and running

00:21:43.800 after one pumping station was blown up in two days,

00:21:47.380 the damage wasn't that severe.

00:21:50.200 And this is pretty severe damage, and it may take longer.

00:21:53.140 More importantly, it means that if the damage is repaired,

00:21:56.720 there are 11 of these things that can be knocked out quite easily.

00:22:00.900 If you can knock out one, you can knock out the others.

00:22:04.540 And the others are actually closer to one of the two that were hit

00:22:10.080 a couple of days ago.

00:22:14.800 Which means that when Scott Besant, the Secretary of the Treasury,

00:22:19.440 says that the Strait of Hormuz will be worthless, he is just being retarded.

00:22:25.000 Because if you have to get the oil out of the Gulf,

00:22:28.780 you are going to either take it by sea or by pipeline.

00:22:32.820 The pumping stations of the pipelines can be destroyed.

00:22:35.980 He's just trying to comfort the markets and comfort Trump, essentially,

00:22:39.520 and say to Trump, oh, this is actually going quite well.

00:22:42.560 In a couple of years, it will be fine.

00:22:43.800 They're attempting to create new trade routes at the moment, aren't they?

00:22:46.560 Are they attempting to construct another canal?

00:22:50.580 There is all kinds of talk, but all of them are equally vulnerable

00:22:53.840 to the Iranians deciding we're going to smash this one.

00:22:56.740 Yeah, if a missile can hit it, then it won't make a difference.

00:23:01.660 Exactly.

00:23:02.080 And either way, these things don't happen overnight, do they?

00:23:04.780 Either way, it will take months or years to build things like this.

00:23:07.680 Exactly.

00:23:07.940 And the irony is that now Trump is saying that the Ukrainians need to stop blowing up Russian refineries and oil facilities because it's hurting the market.

00:23:21.600 But it was Trump who gave the Ukrainians the intelligence to attack Russian energy.

00:23:27.980 So this is all coming into one full circle of retardation.

00:23:31.300 well yeah and now i suppose the calculation being that like you said at the beginning if

00:23:37.040 you're in a globalized economy where everybody's trading getting something shipped from somewhere

00:23:41.000 an attack on one country's energy is potentially attack on everyone's energy exactly exactly and

00:23:47.580 now trump is in such a desperate position that he's offering everybody in the states five thousand

00:23:52.680 dollars if they vote republican in the midterms he could have had everybody voting republican

00:23:59.420 if he just didn't go into that war and he did what he promised to do.

00:24:06.060 There is no way the U.S. can afford another trillion dollars in spending

00:24:09.720 just to hand out checks to everybody.

00:24:12.660 And even if they did that, with oil supply being restricted,

00:24:16.000 all it would do is trigger more inflation

00:24:17.680 and more spending by certain groups on things that you shouldn't spend money on.

00:24:23.160 And I won't go further.

00:24:24.120 You know what happened with the stimulus checks, the COVID stimulus checks.

00:24:28.160 it'll be exactly the same thing only much bigger well the funny thing is we've been talking about

00:24:33.040 the sort of corruption of the of the um of the middle east and that kind of third world style

00:24:37.680 politics as far as i'm concerned this is just america properly descending some people were

00:24:42.780 trying to say oh this is diffidence it's different from what you're trying to suggest it is no this

00:24:47.240 is third world style bribery politics and it is the death of democracy and it is the death of the

00:24:52.600 american republic this is what it is in essence you just bribe the voters the democrats have been

00:24:57.520 doing it forever they do it in a slightly competent way trump just does it in in this way

00:25:04.140 the best thing about the democrat complaints about this was that their main complaint seemed to be

00:25:08.740 yeah well trump won't actually give you the money we would a couple of things exactly um one

00:25:15.220 obviously the united states doesn't want to spend an extra trillion dollars but if their national

00:25:19.540 debt is already 40 i don't know if they can i can they could stretch for another one i suppose but

00:25:24.020 not that that's really the point i said this on the breakfast show i'll say again here this

00:25:28.420 reminds me of ancient roman donatives yes if anyone doesn't know towards the end of the empire

00:25:36.020 whenever there was a new emperor or a new military general would usurped power the army demanded a

00:25:41.880 donative i every man gets a few thousand whatever it is denarii a few thousand dollars effectively

00:25:46.680 whatever it is yes and then it became they expected it and if you didn't give it to them

00:25:51.520 they just murdered you and got it off the next guy and so on and so on and round and round we go

00:25:54.900 until everyone until there's no money left yes uh and this is a very very slippery slope it seems to

00:26:01.160 me well and one started with the welfare state and now this is the sort of final phase of um

00:26:08.520 acceleration into the pit one other thing i would say is that you're talking about

00:26:13.480 um all sorts of problems with getting crude one way or another out of the region

00:26:19.100 but the oil fields of the gulf the gulf of mexico sorry and the cracking fields of texas

00:26:28.540 they're in pristine condition no one's blowing those up are they correct but and america is a

00:26:33.520 net exporter of oil but their ability to surge output is limited okay i mean they can surge

00:26:41.600 quickly but the issue with fracking is that you frack and then that's it you have to move the rig

00:26:46.600 somewhere else and frack somewhere else whereas with middle eastern oil you plunk the rig on top

00:26:52.440 of the well and you just extract forever that's why the marginal cost of extracting oil in the

00:26:57.240 middle east is so much lower than it is with fracking well that's yeah that yeah that's

00:27:02.120 certainly true it costs a lot of frack doesn't it yeah so it's it's a different picture here

00:27:07.400 and and even then whatever america would end up contributing would still be subject to global

00:27:12.920 demand anyway yes which is severely limited now yes supply is severely limited demand is

00:27:20.360 falling oh yeah yeah sorry sorry um and there's no way out trump got himself into this war

00:27:28.600 and he has zero ways out one because the iranians still control hormuz

00:27:32.640 if they are left in control of it they are left in control of 20 percent of global oil

00:27:37.220 supply and gas and LNG supply. And that would mean that Iran is a great power and would be able to

00:27:46.260 rebuild its missiles and its nuclear program very, very quickly. The nuclear program is still very

00:27:53.700 much there. The enriched uranium is in place. Some of the facilities are not damaged. Some of them

00:28:01.100 are severely damaged. We don't have an accurate picture because before the war there were

00:28:05.700 inspectors who could say to the world, this is what the picture looks like, and this is how much

00:28:10.240 enriched uranium the Iranians have, and this is how far they are from a nuclear weapon. Now the

00:28:14.920 level of information on that is severely reduced, but what is evident is that there is still a

00:28:20.520 nuclear program there. That's why Trump is talking about blowing up this place called Pickaxe

00:28:26.240 Mountain, which is close to one of Iran's nuclear facilities, but under hundreds of meters of rocks.

00:28:31.680 so a lot harder to penetrate. The missile program is recovering, and the Iranians are back to

00:28:40.060 producing ballistic missiles, both liquid fuel and solid fuel. The solid fuel ones are a lot faster

00:28:47.200 to launch and are considerably more effective. The liquid fuel ones are older, but the Iranians

00:28:54.280 are building their missiles again, and they can add these at a considerable rate. And if the

00:29:00.560 russians or the chinese were to help them a little bit with components which they'd be willing to do

00:29:05.600 to deplete american resources and keep the americans off their back this means that the

00:29:10.640 iranians are going to be in the game for a pretty long time able to build more missiles and fire them

00:29:16.480 at the region and blow up the oil fields or the oil infrastructure again and again and again

00:29:22.320 and just because we're based in britain i thought i'd end here um this is triggering a debt crisis

00:29:31.520 the debt management office has had to pay the highest yield for

00:29:37.120 for gilts uh since it was created 30 years ago

00:29:41.360 and when you have very high interest rates norm it used to be before the economy was so

00:29:50.140 financialized, was that high interest rates were a sign of economic health, because it meant that

00:29:55.400 there was a bunch of investments that you could make that would give you a high return. If lenders

00:30:03.040 wanted a higher rate, that meant that the economy was doing well. Ever since the especially early

00:30:10.220 2000s, when Federal Reserve Chairman Alan Greenspan collapsed interest rates in the world

00:30:18.620 for the better part of a decade

00:30:21.000 and triggered the first financial crisis in 2008,

00:30:24.560 governments are used to incredibly cheap debt,

00:30:27.780 and that has led them to massively overspend.

00:30:30.760 And when interest rates go up in Britain,

00:30:32.940 they will go up in other places,

00:30:35.000 and they're going up in a bunch of places.

00:30:37.160 France is doing badly, Japan is doing badly,

00:30:39.560 and these are countries that hold massive amounts of American debt.

00:30:43.540 And so eventually they'll have to defend their currencies,

00:30:46.840 sell that American debt,

00:30:47.980 and then American yields go up and that triggers a global financial crisis because everybody is so

00:30:55.320 insanely indebted. So really the only guys that have gained anything in this war are the Israelis

00:31:01.940 they got the war that they've always wanted that Netanyahu has always promoted

00:31:05.260 now the Americans are stuck in it with no way out a bunch of oligarchs are investing in Latin

00:31:12.020 America to compensate for this destruction they're going to make a bunch of money but

00:31:17.340 from the epstein files we know exactly how that oligarchy works just a couple of things what about

00:31:22.140 interest rates where we're used to them being crazily low for a long period 10 15 years crazily

00:31:27.120 low they're actually not insanely high right now in britain i mean they're high it depends how you

00:31:30.800 look at it depends how you're looking at it if you're a borrower or a saver uh but they're not

00:31:34.900 insanely high uh but the other thing about the only people who benefit from this is israel yeah

00:31:40.560 but even then only to a limited degree it's not over the iranian regime hasn't been changed they

00:31:46.160 haven't bibi hasn't won his war has he no and you say there's no way out of this there is one way

00:31:51.460 out there's one way out well leave them at least you know you send in the big red one you send in

00:31:59.920 the 101st and the 82nd airborne and mass tank divisions rolling across the plains of persia

00:32:05.900 well that'll definitely bankrupt america well yeah that's just i'm just saying it's one way out

00:32:11.200 go full george bush 2003 never go full george bush yeah i was gonna i was gonna say that is a

00:32:16.520 way out isn't it there's no appetite for it at the pentagon but what this war has become is the

00:32:22.600 iraq war of 1990 which left everything unresolved left the first gulf war right yes where left iraq

00:32:30.280 as a wounded threat and then 13 years later it required an invasion that is still the american

00:32:38.700 forces are still there in Iraq, even though they invaded in 2023, in 2003, and now we are in the

00:32:46.780 year of our Lord 2026. And so this is setting the stage for a generation of war, and in that sense

00:32:54.320 there is no way out. So, yes. Anyhow. What a sunny subject for a Monday morning, and it's only going

00:33:04.780 to get cheerier from there folks uh we did get a couple interesting though i learned a couple of

00:33:10.280 things yes that that was very interesting and informative but uh my god that was depressing

00:33:16.580 i mean there is there i mean what i learned is that i was if i was a leader of saudi arabia i

00:33:23.940 would go full war footing to take out the the houthis the the anglo spirit is fundamentally

00:33:30.080 different from the arab tribal spirit is where i'll leave it there is also the chance that as

00:33:34.780 a result of how massively this is after everything up that all of the action taken against israel

00:33:39.920 recently donald trump's just like non-action inaction in response to it and then this

00:33:44.960 harrett's article and everything else is just like covert or over action to try and get netanyahu out

00:33:51.760 of the way so that america can have someone more compliant isn't the problem well yeah there is a

00:33:57.240 there is that problem as well anyway archidor says so when can we expect one of the south

00:34:03.300 america investors to start sabotaging the mid-east oil fields to secure investments

00:34:07.020 thanks i was i was worried about that when you said it it was like i sense a few other people

00:34:13.040 who have an interest in i think the arab tribes mexican gangs crossover is something that i never

00:34:20.420 want to see this is why we used to like have the whole like north south divide the global south

00:34:24.860 versus the global north we just should have nothing to do with this this mentality and the

00:34:29.080 way that these people behave that is a picture though isn't it argentinian commandos blowing up

00:34:33.680 pipelines in the hijaz imagine that no one saw that on their bingo card lawrence of a ring he's

00:34:40.020 not spinning in his grave he's tearing his hair out his grave uh random name the only true way

00:34:45.580 out is to ditch the israelis yeah and then they just then they just prank uh according to random

00:34:53.460 name anyway so on to another sunny subject which was that about four days ago on the 10th of

00:35:00.580 september the day before the 25th anniversary of 9-11 we reached the one year anniversary

00:35:05.880 of the assassination of charlie kirk and i saw a lot of people talking about this and some even

00:35:12.340 celebrating it on the political left and so i wanted to take a moment to take stock as to the

00:35:20.060 legacy of charlie kirk one year on and where he fits within the kind of like i don't know

00:35:25.980 american republican canon and what was done in the wake of his death so

00:35:30.580 first of all tp usa do you guys hear much coming from tp usa these days

00:35:36.300 i don't but i never did follow them closely anyway but are you saying they have sort of

00:35:42.800 what i'm saying is as this article is suggesting and what people from supposedly within the

00:35:48.880 organization are saying is that charlie kirk was the face of it even if you didn't really pay as

00:35:52.840 much attention to tps usa as tp usa as an organization charlie kirk was out there as

00:35:57.960 the face of it right even if you didn't hear about him he was the guy going out doing all

00:36:02.280 the campus debates he was the guy that tv shows like south park were targeting if you remember

00:36:07.280 midway through last year they had those episodes that they had to pull uh because he was killed in

00:36:11.960 the middle of the season run that they were doing um he was the guy who went out and put a face to

00:36:17.080 the organization who is the face of tp usa now oh yeah no one yeah no one his wife um technically

00:36:26.240 erica kirk but she just doesn't have the same appeal frankly a lot of people don't like erica

00:36:32.720 kirk and i'm not going to say one way or another if that is deserved a lot of people think that

00:36:36.860 she's insincere and if they they think she tried to grift off of his death i'm not going to say

00:36:41.820 one way or another um you know people grieve in all sorts of different ways but she doesn't have

00:36:46.140 the same charisma or appeal that charlie kirk did they tried to get that what was it brylin

00:36:51.400 hollyhand i can't even remember his name uh they tried to promote him for like a week

00:36:57.820 as the success a disaster yeah nobody knows what does he do now nobody knows where he is what he

00:37:04.320 does i don't even i think he was ai i don't even think he was real uh and even at the time after

00:37:09.520 his assassination uh there was the talk um you know i i i suggested at the time that maybe

00:37:15.360 maybe nick fuentes was going to start to pick up the people who were being you know who were

00:37:21.120 charlie kirk's audience they were a you know classic rivalry between the two of them for years

00:37:25.860 nick fuentes actually came out and did quite a good eulogy on his show following his assassination

00:37:30.380 and then nick at the beginning of this year decided to do a lot of stuff regarding epstein

00:37:35.520 was based and like making nonsense controversial statements for the sake of it that put a lot of

00:37:40.860 people off of him and so it's not really gone to nick fuentes either the tp usa audience was not

00:37:47.080 massively radicalized by this in the way that people thought it would it's just kind of stagnated

00:37:51.780 see somebody could have radicalized them if there had been leadership but the problem has been the

00:37:59.740 lack of leadership yeah and also the fact that the whole the whole situation around charlie kirk

00:38:05.860 almost immediately after and bear in mind this was whether you liked him or not he seemed like

00:38:11.520 a sincere guy he wasn't a bad person he was a good guy he was a father he'd been murdered and

00:38:17.120 the entire situation turned into a complete circus the clowns came out honking their red noses

00:38:24.560 letting everybody know how stupid and ridiculous they were there were all of the conspiracy

00:38:29.840 theories which we'll get on to there were all of the uh nonsense statements by people like

00:38:35.540 candace owens who frankly seems to have even more so gone into a state of psychosis since his

00:38:41.020 assassination um and it turned him into a meme the right did not know how to take him and turn

00:38:49.560 him into a martyr the online rights best uh option that they did was to go we're going to

00:38:56.300 make an ai song called we are charlie kirk and because it was an ai song it was so bad and so

00:39:02.200 ridiculous that it became a meme used to mock him and his death now so sadly i will put some of this

00:39:08.000 on the right as well just not knowing what to do and also the admin not taking advantage of it

00:39:13.920 in the way that they should have but this leads to the question of well he was assassinated what

00:39:19.000 happened to his alleged

00:39:20.820 killer. Can I just say something real quick?

00:39:23.220 Yes, of course.

00:39:25.980 People that go down in history

00:39:27.120 as a martyr, whether literally sort of

00:39:29.080 an Islamic or a Christian martyr,

00:39:31.560 they don't have to be sort of

00:39:33.260 lionised and thought of as a martyr

00:39:34.940 immediately at all. Sometimes

00:39:36.840 centuries can go past before history

00:39:39.080 decides this person is an important martyr.

00:39:41.080 I don't think that's going to happen with Charlie Kirk though,

00:39:43.040 sadly. Well, not centuries, but...

00:39:45.860 It's not too late for people

00:39:46.940 to still remember him properly for what he was what he represented i kind of know it's not too

00:39:54.480 late i don't i really don't think because it was such a shock right such a horrible

00:39:58.760 horrible murder if anyone saw the footage i mean it's really really really really really terrible

00:40:03.940 that the shock of that was such a thing that maybe a bit of time needed to pass you needed

00:40:09.000 to let all the leftoids celebrate for a year or more and then start talking seriously about the

00:40:15.900 memory of charlie kirk maybe not too late i don't think maybe i i don't want to see his memory just

00:40:22.780 turn into a gigantic meme no no do i it's just it's just the sad thing that that's i'm saying

00:40:26.940 what it kind of has turned into for the time being but i will say later on uh with the information

00:40:32.260 i've got here it like the admin haven't done absolutely nothing with it but first what's

00:40:38.140 actually happening with the killer tyler robinson again as always no relation to me uh he has

00:40:44.580 currently pled not guilty to the murder of charlie kirk uh but and it seems that the reason that he

00:40:52.060 did that seeing as he's the one who handed himself in in the first place is that the judge in utah

00:40:56.940 has ruled that the prosecutors can seek the death penalty at trial and the reason they've done that

00:41:03.140 is because the murder was aggravated by the fact that he was also firing into a crowd that had

00:41:08.820 children in it so it was as much as you can say this quite lucky that it was one shot one kill

00:41:16.560 because if he had decided to open fire with more uh with more rounds then who knows what could

00:41:22.760 have happened it could have been a massacre uh even unintentionally uh but that is why they have

00:41:29.940 decided they can go with the death penalty on this he denies aggravated murder which is the

00:41:35.360 capital offence in utah and six other charges in connection to the shooting of kirk at campus

00:41:39.860 on the 10th of 10th of september last year the defense had been trying to get the death penalty

00:41:45.280 off the table but due to the aggravating factors they were unsuccessful thankfully and this was

00:41:51.240 the preliminary hearing in july we had his plea entered on the 2nd of september the actual trial

00:41:58.660 itself uh will be well the trial date will be set on the 23rd of october so we'll start getting

00:42:04.760 information uh from there but to remind everybody of what the evidence um incriminating tyler

00:42:12.040 robinson uh was uh the prosecutors presented it all including dna allegedly tying robinson to the

00:42:18.700 murder weapon and other items recovered at the scene confessions he allegedly made to loved ones

00:42:23.980 and a taped video statement from his roommate and romantic partner lance twiggs which if everybody

00:42:29.860 remembers was a troon emphasis on was because it seems in the video statement that lance twigs

00:42:37.140 made that he had untrooned himself which would be the greatest irony of all that he did this in a

00:42:42.300 fit of troon love only for the love to untroon themselves um the prosecutors uh ryan mcbride

00:42:49.460 said there is a mountain of evidence that points that he is the shooter including video evidence

00:42:54.080 that he was on this campus the day of the shooting quote-unquote dressed to kill prosecutors said

00:42:59.720 accused a former apprentice electrician was in a relationship with his roommate and regarded

00:43:03.540 kirk's conservative views particularly on transgender issues as repugnant which they

00:43:09.080 argued was the motive so if we remember tyler robinson was in this weird degenerate relationship

00:43:14.740 was involved in a lot of discord servers where all of these people that he associated with were

00:43:23.180 all very very pro-trans they had all radicalized one another and egged each other on to do extreme

00:43:29.240 things uh tyler robinson his flat where he lived with lance twigs was seen hosting a number of

00:43:36.120 people with out of state license plates a few months before the uh before the murder which a

00:43:41.780 lot of people a lot of people conspiracy theorized that he was meeting with like government officials

00:43:47.860 or israelis or something no the likelihood was that he met up with a load of degenerates from

00:43:53.580 his discord servers and they had a big gay orgy that's probably what happened it's disgusting to

00:43:58.940 think about but that is the most likely thing that happened because i am not a subscriber to

00:44:04.300 the israel killed charlie kirk thing he was their number one cheerleader i think it's and there is

00:44:10.000 literally no evidence supporting it whatsoever people try and take out of context clips of him

00:44:17.740 that he was sort of uh souring on the israelis yeah okay where is the evidence that they were

00:44:24.700 involved in killing now he wasn't even souring on the israelis he was souring on the israeli

00:44:30.500 lobbyists is the thing he was souring on personal relationships that he had with certain lobbyists

00:44:37.140 who were giving him in his organization money he was not souring with the country itself and was

00:44:42.160 still a big cheerleader of them how much did israel pay you to say that harry robbins is more said

00:44:48.220 i can't disclose that i can't i can't disclose that i can confirm or deny nothing if if if i

00:44:54.660 actually had reason to believe it i would not keep quiet about it sure no i'm only joking of course

00:44:59.500 i just think the whole i just think the whole thing was really at the height of israel is behind

00:45:05.180 everything thinking and it was just automatically assigned to that because he was an israel

00:45:10.900 cheerleader and because then candace owens the most reliable source of information possible

00:45:16.860 said so and because max blumenthal also uh you know a notorious truth teller said so as well

00:45:24.980 wasn't there a thing maybe you're about to get onto it i apologize if i'm jumping ahead but

00:45:28.400 was there a thing i remember at the time there was like some pro-trans pro-gay things written

00:45:34.020 on the actual cartridges yes this was one of the other things was that right was that

00:45:38.740 misinformation was actually true is that a matter of record yes i think he'd carved something like

00:45:43.440 be gay do crime onto the cartridges that were left on the scene or something like that it's not

00:45:48.760 classic Mossad mo is so people people say people use that and the evidence of some of the text

00:45:55.080 messages that had been released between him and lance twigs where he was saying like oh my love

00:46:00.720 i'm going to be doing this oh please forgive me for the evil that i do very over dramatic stuff

00:46:05.520 they were saying this all comes across as really unnatural and weird like a human being didn't

00:46:10.940 write it this comes across like fan fiction but you don't and therefore it's not real but the

00:46:17.380 thing is you don't understand the mentality of these people they are living a fan fiction in

00:46:21.420 their minds 24 7 he thought that this was some kind of grand romantic gesture to the people that

00:46:27.920 he was trying to signal to online right he thought this was going to be like the fairy tale tragic

00:46:34.860 ending to his tragic love

00:46:37.140 story with his troon girlfriend right

00:46:39.020 that is why they talk like this

00:46:41.160 these people are LARPers

00:46:43.100 it doesn't automatically mean

00:46:45.080 oh my god Israel

00:46:46.840 wrote this no Israel would do a better job

00:46:49.220 at writing this frankly

00:46:50.540 they've got Hollywood screenwriters on their side

00:46:53.260 for god's sake like old ones

00:46:55.380 the good ones from back in the day

00:46:57.060 anyway

00:46:59.240 anyway just some of the

00:47:01.320 other stuff to do with why

00:47:03.240 it was obviously this guy the court heard and saw during

00:47:05.220 July's hearing how the accused allegedly

00:47:07.380 scouted the campus repeatedly on the

00:47:09.320 day that Kirk was shot interacting with

00:47:11.280 TPUSA members and eating

00:47:12.660 Chick-fil-A before returning

00:47:15.060 in different clothes this was all caught on camera

00:47:17.340 the new outfit included long

00:47:19.180 pants to obscure the rifle he'd concealed down

00:47:21.280 his pants which again you can see

00:47:23.380 on camera there's plenty of footage of him limping

00:47:25.420 along because he's hiding the rifle

00:47:26.960 down the leg of his trouser

00:47:28.700 according to prosecutors evidence

00:47:31.140 presented robinson's dna was found on his grandfather's rifle stashed in a wooden area

00:47:35.920 near campus after the shooting as well as on a towel it was wrapped in and a screwdriver

00:47:40.460 recovered at the scene mcbride also told the court that engravings found on casings from the shooting

00:47:45.300 allegedly matched a dremel tool recovered at the home of the defendant here and twigs's videotaped

00:47:51.000 interview with prosecutors was played in july during the hearing robinson's roommate testified

00:47:55.620 that the defendant had confessed to the shooting cried and said he wished he'd hadn't done it

00:48:00.480 robinson in the company of his family and a neighbor turned himself in the day after the

00:48:04.740 murder because the reason he was handed in was supposedly he felt he felt a fit of consciousness

00:48:09.840 he had you know he felt guilty told his dad and his dad convinced him to turn himself in

00:48:14.960 that's that's the story there is no as far as i can see credible evidence to anything other than

00:48:22.860 that being the proper story okay that's just as far as i see it um everything else just seems to

00:48:29.080 be absolutely nut nutty bollocks they're saying that it wasn't egyptian intelligence cooperating

00:48:35.200 with the french intelligence and the israelis to actually kill charlie kirk this is this is your

00:48:41.640 ridiculous contention ridiculous contention you know what stranger things have happened

00:48:46.780 strange stranger things have happened why not why not uh but again in the aftermath of this

00:48:53.960 when it originally happened um vance and other members of the trump administration were saying

00:49:00.700 because there was a huge celebration from the left for everybody who says that the left are

00:49:05.340 like the the reason like this guy wouldn't do this like he did it and then all of the political

00:49:10.880 left online immediately went to celebrate it they still do celebrate it they've turned it into a big

00:49:15.980 joke they absolutely want you dead they absolutely would do it again so they would laugh about it

00:49:22.960 It shouldn't be an alliance with Zohran Mamdani.

00:49:25.740 No.

00:49:26.200 Or Abdul Sayyid.

00:49:27.720 No.

00:49:28.920 This is very radical stuff, sir.

00:49:31.360 No, I know this is shocking, but this is just like,

00:49:34.520 for some reason, the Charlie Kirk situation

00:49:36.440 has this sort of shroud around it

00:49:38.760 that means that people drop about 30 to 40 IQ points

00:49:43.200 when they discuss these things.

00:49:45.300 So I just wanted to be clear.

00:49:47.620 They were saying,

00:49:48.640 report people who celebrate it to their employers.

00:49:51.100 A lot of people lost their jobs,

00:49:52.720 but sadly not enough

00:49:54.580 and I hate to break it to you it wasn't just that

00:49:56.600 it wasn't enough

00:49:57.800 only about you know like Stephen Miller

00:50:00.420 went and said that they need to dismantle these

00:50:02.320 organizations and say something and do something

00:50:04.600 about it as well also encouraged

00:50:06.620 this um these

00:50:08.440 actions only about

00:50:10.240 600 people were punished

00:50:11.900 by their employers for online comments

00:50:14.460 about Kirk and of those

00:50:16.440 600 a lot of them

00:50:18.600 took their employers to court and made

00:50:20.620 a load of money off of it

00:50:22.720 each of these cases if you'd done a racism would never happen to you no of course not

00:50:27.180 each of these cases failed to hold up to legal scrutiny brown was awarded 485 000 in a settlement

00:50:33.720 these are the names of some of the people who were originally fired for publicly celebrating

00:50:38.180 the murder of a father in front of his children another got 500 000 a private arbitra uh arbitrator

00:50:45.080 last month ordered the uh the post to rehire attia i assume that was the washington post or

00:50:51.860 another newspaper with a journalist who was awarded back pay dating back to her termination

00:50:57.420 and another one got 835 000 according to forbes the victims uh the victims of this witch hunt

00:51:05.320 according to the new republic uh have been awarded a total of at least two million dollars as of may

00:51:12.280 now not everybody got their jobs back but ultimately tragically this seemed to be rather

00:51:17.320 ineffective because the federal government didn't have the support that it needed within local

00:51:23.480 courts to be able to back up these terminations in the first place the one thing that has been

00:51:29.360 lasting as a result of it was that less than three weeks after kirk's death following on from him

00:51:35.140 declaring antifa to be a terrorist organization trump in kirk's name signed the national security

00:51:41.700 presidential memorandum 7 nspm 7 an executive order that directed federal intelligence and

00:51:48.100 law enforcement agencies to go after antifa to find us anyone with opinions associated with

00:51:52.720 anti-americanism anti-capitalism and anti-christianity and hostility towards those who

00:51:57.460 hold traditional american views of family religion and morality so there was that and has anything

00:52:03.820 been done with it well i can actually say thankfully at least something even though i

00:52:09.320 don't think it is as much as it should have been has been done with it for instance uh there were

00:52:14.740 antifa members in north texas who uh last year tried to attack a prairie land detention center

00:52:23.800 an ice detention center they set off fireworks tried to use them as explosives and then attempted

00:52:28.840 to murder a police officer who arrived on the scene after 9-1-1 was called and then all got

00:52:34.360 arrested these people have all been put away in prison for a very long time one of them the guy

00:52:39.020 who organised the whole thing 100 years

00:52:41.180 because he's the one

00:52:43.020 who tried to murder the police officer by shooting

00:52:45.080 him in the neck. Thankfully, the guy

00:52:46.980 survived, though. And

00:52:48.940 alongside this, there are other

00:52:50.920 cases... Oh, for God's

00:52:53.120 sake. Go away. There are other

00:52:55.080 cases where similar

00:52:57.100 action has happened, where you have

00:52:59.120 Minnesota, 15 Antifa operatives

00:53:01.380 charged with coordinating violent

00:53:02.920 attacks on ICE agents.

00:53:04.900 Oregon, since mid-2025,

00:53:07.100 dozens of antifa militants have been arrested and charged texas the same one washington so they

00:53:13.240 have been trying to use this action to clamp down on antifa it still doesn't go anywhere near far

00:53:19.180 enough though when you have these people going out attacking law enforcement agencies attacking

00:53:23.860 normal people and again sadly the legacy about their finance here uh finance here is yes there

00:53:30.200 is also there is also the financing of it for an organization that is supposedly decentralized i

00:53:36.380 mean even if it is decentralized a lot of these people who operate in these kind of black block

00:53:42.040 manners seem to be able to get their hands on a lot of a lot of money and resources and resources

00:53:48.780 and such to be able to attack them as i pointed out in a daily video the other week though sadly

00:53:55.340 for the broad part people like hassan piker despite the fact that the administration loves

00:54:01.240 to do things like broadcast images of him topless at their rallies,

00:54:05.760 like happened last week.

00:54:07.460 Very strange thing to do.

00:54:10.440 He's been basically able to get away with making fun of the guy

00:54:13.380 and to continue insulting his memory,

00:54:15.640 despite the fact that, again, showing the kind of character he has,

00:54:18.120 he knew him personally and met him in person a number of times

00:54:22.160 and amicably debated with him.

00:54:26.340 And again, this is a situation where he had gone out on stage

00:54:29.300 and sang We Are...

00:54:30.420 Yeah.

00:54:31.240 i pay as little attention to piker as possible yes if anything comes up on my twitter feed

00:54:37.400 i'll just scroll past it just not interested i obviously obviously never watch his actual

00:54:42.620 content every now and again somebody else like perhaps i'll see a one minute bit of asmongold

00:54:48.180 talking about pike or something like that occasionally somehow i still hear about

00:54:52.660 pike from time to time but i didn't know we spent the last year gloating about it

00:54:56.640 is that really the case yes yeah what a disgusting specimen and the rnc you know they love to use

00:55:04.060 piker as a b as like a punching bag apologies they love to use him as a punching bag but they

00:55:10.740 don't actually do anything about him just like i'm sorry just detain him and send him back to turkey

00:55:14.540 frankly if you want to say that you have this new legislation talking about you know

00:55:21.040 anti-american anti-capitalist anti-christian values like hassan piker is the poster child

00:55:27.100 so unless you want to use him constantly as some kind of pr move to have they did with abortion

00:55:35.320 with abortion until roe versus wade the republicans spent 20 30 years

00:55:41.140 fundraising on the back of promising to end abortion they did absolutely nothing about it

00:55:49.920 Trump, through the judges that he appointed, finally got it done and got Roe v. Wade overturned.

00:55:56.160 The Republicans did nothing about it on the state level. That's a different conversation,

00:56:00.180 or most of them didn't do much about it on the state level. Different conversation. But it was

00:56:04.760 really the killing of a goose that laid golden eggs for the Republicans, because the whole point

00:56:10.280 was to keep the issue alive, to raise funds on the back of it, and maintain the role as

00:56:16.340 controlled opposition who will always insist on being noble losers and that's what i kind of see

00:56:21.760 and that is exactly what is happening with hassan piker yes that's why they broadcast him at their

00:56:27.180 rallies that's why they always make sure to highlight him so that they can use him to agitate

00:56:31.960 for saying well you've got to vote us because you don't want the people that hassan piker supports

00:56:36.080 getting in charge give us money similarly with this legislation frankly the um uh sorry what was

00:56:44.600 it uh what was it called the um executive order that he put forward this seems to be something

00:56:50.800 that will be used to do stuff like this every so often but it's mainly going to be used to clamp

00:56:57.520 down on this as and when they think they need to for a quick and easy pr win rather than actually

00:57:03.340 taking full-scale uh action against the entire organization and stopping it from being a problem

00:57:10.280 The same way that the border, sorry, because the only way they can properly go after them

00:57:15.460 is through somewhat extra constitutional means. The Trump guys, like pretty much all of the right,

00:57:22.780 have insisted on playing the game on the terms that are set by the left. They might tinker on

00:57:28.780 the margins, but they don't go for actual victory. Actual victory in a very diverse country doesn't

00:57:35.100 require tinkering at the margins with legalese and lawfare it requires

00:57:41.860 something a little more substantial certainly like a full sedition act or

00:57:46.020 something full application of the sedition act essentially a full John

00:57:49.960 Adams yes I mean you're calling for protests against ice that is sedition

00:57:54.720 you're stopping law enforcement from exercising their duties it's defined

00:57:58.440 under the sedition act as such and you use it to the full extent and if the

00:58:04.700 supreme court doesn't like it you actually stack the court so you break the norms that they keep

00:58:10.780 promising you that they will break and govern and rule rather than say well you know here's a bit of

00:58:18.360 red meat now and then but please stay docile i mean packing the call is the end of the republic

00:58:22.760 though isn't it but the republic is dead well you're offering their point i mean vote fair

00:58:27.520 i mean the republic is dead but that sounds a lot like just doing things which i was told

00:58:34.080 over and over and over again you can actually just do things which i mean you can start wars

00:58:40.080 in the middle east apparently that's just doing things these are the kinds of things that you can

00:58:43.900 do but sweeping up all of your actual domestic political enemies that also represent a clear

00:58:49.260 and present threat to your voters to the law-abiding citizens of your country seems to be

00:58:54.660 something that you can only really do in drips and drabs if you need a win i mean in a way that

00:59:00.220 doesn't actually threaten the system good for law enforcement for doing this i'm glad that these

00:59:04.380 people are off of the streets in america clearly they were threatening people it just needs to go

00:59:08.140 so much further and you need to do it in charlie kirk's name you need to advertise it as hard as

00:59:15.240 possible you need to put out el salvador style video saying here are political enemies here are

00:59:21.800 how we are humiliating them the left has been quite good at this for a long while that was the

00:59:27.300 whole terror that a lot of normal people faced during woke is that everybody knew okay there's

00:59:32.740 this line that i can't cross or i'm probably going to lose my job there needs to be something similar

00:59:37.580 where the trump admin if they want to be serious they need to take out their enemies advertise to

00:59:43.840 everybody this is what you do that this is what happens if you murder our friends and then think

00:59:50.920 that it's okay to make fun of it online i mean that should be as simple as possible that should

00:59:55.280 be straightforward. And sorry, now with the Middle East war, Trump has thrown the 2026 election.

01:00:00.700 There's a very good chance that he's thrown the 2028 election. And you can be absolutely certain

01:00:05.960 that he's going to get impeached if he loses the House, depending on the outcome of the Senate.

01:00:13.220 Yeah, depending on the outcome of the Senate. We don't know how bad it's going to be, but you know,

01:00:17.100 they're probably not going to get 60 senators. Thank God for that. But when they win in 2028,

01:00:22.000 and on current trends they might they're going to do all of these things and then some just as

01:00:27.320 they did with the uh everybody on january 6th just as they did with everybody on january 6th

01:00:32.360 the the norms are broken the right insists on being noble losers forever if trump wanted to

01:00:39.240 make 20 like the 2026 midterms which are coming up in november a lock-in for himself obviously

01:00:45.540 avoid the war but as well as that all that we're seeing here amplify that a hundredfold a thousand

01:00:53.500 fold literally sweep away all of your political enemies and then everybody like all of your

01:01:00.400 voters there would be no second thoughts from all of them because everybody who is a law-abiding

01:01:04.920 citizen america hates all of this anyway the idea that lutnik isn't in jail because he advocated for

01:01:11.760 the tariffs then his kids bought the right to reclaim the tariffs at 25 cents on the dollar

01:01:18.160 and then they made billions on the tariff paybacks on the tariff you're saying trump should go full

01:01:25.560 sulla now do away with all his political enemies i mean again if they're supporting this death of

01:01:31.900 the republic again though isn't it it's dead i mean i'm not saying i'm i'm saying it's already

01:01:36.940 do it i'm just saying i'm i'm saying that's the end of the united states of america as the republic

01:01:41.980 that we knew it to be and we have the simpsons meme stop he's already dead that's that's what

01:01:47.380 the american republic again just i'm just saying this it's it's very well to say that and i'm not

01:01:54.240 i don't even necessarily disagree i i'm an authoritarian by nature i would love i would

01:02:00.460 love to see trump go false but the real real reality of that though the real real honest

01:02:05.620 honest to god reality of that would be something well well the united states would be forever

01:02:13.800 forever it would be the end of the republic it really would wouldn't it i mean in a very very

01:02:18.120 real sense well i mean in a sense they could also i think also they just don't really have the

01:02:24.020 backbone to do it there was the the ice raids earlier on this year in um in minnesota with

01:02:29.500 the somalians yeah yeah that got immediately got pushed back from the governor and the federal

01:02:34.340 government went okay sorry about that when it was a sorry opportunity to invoke the sedition act

01:02:40.340 yeah exactly when it was literally a perfect opportunity to invoke the sedition act

01:02:44.180 throw whatever his name was it was tim was right it was tim was it was toss him in jail make an

01:02:49.540 example there is somewhere between what trump's doing now how trump's behaving now and going full

01:02:55.220 suller anyone who's not aware roman general at the end of the roman republic who did murder all of

01:03:01.780 of his political enemies and all their friends and family so there is somewhere between trump

01:03:05.640 and sulla isn't there i mean donald trump's the guy whose white house keeps tweeting out things

01:03:10.100 like uh laser eye donald trump with the caption whoever saves his country has committed no crime

01:03:16.920 and it's all aesthetics yeah it's all it's all it's all bluster and the aesthetics are going

01:03:22.040 to encourage the democrats to go for sulla somebody is going to go for sulla yeah right

01:03:26.500 i feel like that's in the pipeline now somebody's going to go for i mean they've already tried to

01:03:31.300 arrest him multiple times they've tried to kill him multiple times we're already there

01:03:36.860 uh but now as a result you know the uh the whole um like taking care of your political enemies

01:03:45.500 the ones who have called it the kirkiversary and are celebrating it online and posting videos of

01:03:50.680 themselves celebrating this stuff online has just been outsourced now to random twitter accounts

01:03:56.100 i'm not saying that aesthetica here is doing anything wrong i'm saying that like

01:04:00.240 it shouldn't be your responsibility as an anon twitter account to do what the admin should be

01:04:06.980 doing automatically and then people are also getting easily trolled from this i saw a load

01:04:12.280 of people celebrating that this person supposedly was getting deported back to canada like if you

01:04:18.780 actually look through anything that she was posted this was obviously a troll you're making it it

01:04:23.880 makes it very easy for your enemies to dunk on you when you're falling for very very obvious trolls

01:04:29.720 And so what's his legacy for most people? For most people, his legacy has turned into an internet meme where you Kirkify pictures in AI videos where he's bizarrely teamed up with George Floyd and Jeffrey Epstein in a very strange little team that they've created for these AI absolute fever dreams.

01:04:53.260 and it's turned into safe edgy humor for youtubers like jacksepticeye a video game

01:05:03.800 leftist youtuber making little safe edgy jokes on his youtube channel saying things like oh you

01:05:09.640 look like charlie kirk do you want to get kirked at some video game character that's just that's

01:05:14.640 what it's become now it's just become like a safe edgy meme for leftists who want to think that

01:05:20.180 they're being oh i'm being so dangerous by making this joke and of all people you know i don't

01:05:24.640 always agree with him but john doyle points out like you know like dark humor because these people

01:05:29.180 go like oh my god what about free speech and dark humor it's like it's not really a joke though

01:05:34.340 you're just saying haha this guy got murdered in front of his family yeah what's the joke

01:05:40.580 they're just scum yeah and they will use any norm of decency that you have against you

01:05:47.300 that doesn't mean that you should become like them but it certainly means that you should wield

01:05:51.700 political power to crush them yeah so uh so as it stands right now i i don't think um the admin

01:05:58.880 has done anywhere near as much as it should as it should have done and also just in terms of who

01:06:03.480 charlie kirk was like him or hate him he seemed to be a good and since what he seemed to be a good

01:06:08.420 man yes who was a father of two children who are now who are now decent i mean he was constantly

01:06:14.980 in the public eye all of his interactions were on video uh you never see a video of him being

01:06:22.660 genuinely a nasty person you'd never see you'd never see him genuinely misbehaving in any way

01:06:28.340 he was literally the debate me bro guy and they killed him for it they killed him for it

01:06:34.880 and now they've turned him to he got away with it he doesn't deserve to be remembered as a joke

01:06:38.600 no he he deserves to be remembered as a good man a father of two the husband and a father of two

01:06:45.540 children who was savagely murdered for the whole world to see yep that's a tragedy anyway

01:06:53.100 hapsification at this point there needs to be a version of the zero seats for the gop i mean

01:06:59.160 potentially but the problem with like american politics is it's even more locked into the uni

01:07:04.120 party like who do you have to vote for as a right winger in america other than the gop you could say

01:07:11.420 a third party but they're incredibly the libertarian party but they're a bit of a it's a joke a little

01:07:18.520 bit yeah circus yeah endless pesto we all know it was aemon who did it yep maybe base tape harry

01:07:26.380 where did you get a lotus eaters pin from the lotus eaters office yeah at some point a load

01:07:32.260 turned up and they're just like does anyone want one of these and everyone's like yeah i'll take

01:07:35.300 one sure i've got one on my desk i never really put it i don't really do pins but

01:07:38.340 apparently they were from the live that's right that's what they were made for so next time we

01:07:43.380 do one of those show up and you might be able to get one yourself maybe there's only a few in

01:07:48.180 existence so they're on ebay now for like eighty thousand dollars a piece oh is it oh no i'm joking

01:07:53.020 i'm completely making that up that's pure well in that case that's pure how many do we have in

01:07:57.520 the office yeah how many can i accidentally accidentally take home and put on ebay no

01:08:02.680 yeah all right gentlemen let's talk a little bit about how reform just got given 72 million pounds

01:08:10.100 sterling i'm for real that's real not making that up so over the last like 48 hours or so what was

01:08:16.780 it two different crypto billionaire dudes not just crypto being there but two very very rich

01:08:22.080 billionaire chaps gave reform uk 36 million dollars each so that's 72 dollars or pounds

01:08:30.600 oh sorry pounds i say dollars yes so no it's pounds pound sterling pound sterling so so okay

01:08:36.060 good for them first of all just straight off the bat my take good for them if no if no rules have

01:08:42.020 been broken and no laws have been broken good for them good for them i mean we're i'm a restore

01:08:47.180 partisan here we restore people here basically aren't we or not even that but um if that's

01:08:51.900 But if that's...

01:08:53.160 Or a preference cascade, yes.

01:08:54.460 Yeah, yeah, right.

01:08:55.200 So if that's allowed,

01:08:56.960 if no rules and laws have been broken,

01:08:59.140 well, good for them.

01:08:59.840 I just, fingers crossed, somebody gives...

01:09:01.980 They use it wisely,

01:09:02.640 and they actually come up with very solid policy,

01:09:04.900 and that policy adopts a bunch of things from Restore.

01:09:07.220 Right, yeah.

01:09:08.180 Or just, fingers crossed,

01:09:09.340 some other super-duper rich man

01:09:11.380 decides to give loads of money to Restore.

01:09:13.100 I mean, that's just what...

01:09:13.840 Or to me, personally.

01:09:15.020 Yeah, and or me.

01:09:16.880 Yes.

01:09:17.520 I'm currently accepting any and all donations

01:09:19.580 of $72 million,

01:09:20.500 if there's any billionaires out there

01:09:22.080 that feel so inclined.

01:09:23.580 I'll take dollars,

01:09:24.780 but I prefer perhaps guineas.

01:09:26.000 If you want to split it,

01:09:27.800 Beau's happy to take 36

01:09:29.040 and I'll take the other 36 as well.

01:09:31.040 That's absolutely fine by me.

01:09:32.100 Sure.

01:09:33.420 But...

01:09:33.820 What, are you going to fight over it?

01:09:34.980 No, no, I'm happy to...

01:09:35.920 Okay, that's okay.

01:09:36.760 I'm not going to fight with you.

01:09:38.860 You'll pick me up like an empty beanbag

01:09:41.100 across the room.

01:09:44.080 So, but the other parties,

01:09:45.900 particularly Labour,

01:09:46.700 have lost their shit about it, basically.

01:09:49.980 Have they?

01:09:50.500 Yeah. Oh, yeah. So, okay. So on the papers, if you scroll down to the, there we go, look,

01:09:55.460 we start with that, the iPaper, Reform UK's 72 million crypto bonanza sparked Labour donations,

01:10:01.680 Rao. Ministers are facing pressure to impose a cap on political donations after two billionaires

01:10:06.560 gave Nigel Farage's party 36 million pounds apiece. Government risks a wrath of Labour MPs,

01:10:12.800 his own MPs, after rejecting calls for stricter limits on funding from a single source earlier

01:10:18.840 this month so they could have nipped that in the bud earlier this month but chose not to so when

01:10:23.000 when dale vince and the uh hedge fund guy give them five million pounds they don't want to talk

01:10:27.960 about limits to donations from individual sources right when reform gets from an individual source

01:10:34.520 they want to talk about limiting them now it's just just so i know it's a problem this is how

01:10:38.680 the left govern yeah but i am i i am interested as to who these donors were do we know who these

01:10:44.680 donors were yeah it was christopher harbourn again and a guy ben dello oh they're just super rich

01:10:49.800 dudes basically i've heard of ben dello he's kind of like in the london scene as far as i'm aware

01:10:55.720 but yeah yeah that's why i don't think any rules have been broken because these are it's not like

01:10:59.560 elon you remember when the reform guys kept accusing restore of taking elon money restore's

01:11:05.480 got all the elon money not a penny as far as i'm aware not a penny did elon give to restore at one

01:11:11.240 point in fact kyle kyle sent me a link when i mentioned it just before we came on he said oh

01:11:14.840 yeah no there's a link from i think uh i think it was uh the telegraph was it yeah here we go

01:11:22.680 oh the time sorry at an event in mayfair rupert lowe says he rejected the donation from elon

01:11:28.040 apparently he was deliberating he was thinking about it but then was like nah so he's so the

01:11:32.440 crime is anyway that he thought about whether or not it was legal realized that it wasn't legal

01:11:38.200 didn't do the illegal thing and now there is a hit piece on the sunday times because he thought

01:11:44.680 about it yeah just he thought about it anyway that's an aside please stop saying i'm sorry

01:11:48.520 somebody hands you a blank check even if you end up turning it down you're gonna think about it

01:11:53.720 at least for a second also there's a big question about foreign people that's why

01:11:57.560 this seems this 72 million seems to be okay because they're not foreign yeah they're both

01:12:00.600 English right yeah so um so we I'm hoping for like um maybe um what's the guy who's on the

01:12:08.280 Dragon's Den Duncan Ballantyne oh yeah something like Duncan Ballantyne or Jim Ratcliffe he said

01:12:13.020 something based once so maybe he can give Rupert millions and millions of pounds John Terry John

01:12:18.840 Terry once said something based didn't he so maybe he'll give us millions of pounds I don't know uh

01:12:22.800 it's an aside the restore question in all of this is just a complete aside um the fact is it's really

01:12:27.780 Labour is really throwing their toys out of the pram about it.

01:12:31.800 Rainer did the rounds on Sunday.

01:12:34.720 She's known to be an honest dealer, isn't she?

01:12:38.160 Angela, the fridge, Rainer, big bird.

01:12:43.920 What?

01:12:44.560 She's taller than you.

01:12:45.260 She's bigger and heavier than you.

01:12:46.380 I'm sure.

01:12:46.920 She stands seven foot two and weighs 500 pounds.

01:12:49.520 I wouldn't want to get in a ring with her, mate.

01:12:53.420 No, no, no.

01:12:54.320 she's only six foot three and weighs 280 pounds here we go labor threat very top heavy these are

01:13:01.540 all recycled jokes on my breakfast show by the way do check out breakfast with beau at 8 a.m

01:13:05.460 every weekday rory's rory's gonna have to fight you for angela rayner's honor now oh it can have

01:13:10.360 a oof please please okay yeah the metro went with it on their front on their front page but there's

01:13:17.400 nigel looking happy it's a lot of money isn't it do you know what spun to my mind um that's so much

01:13:23.400 money that it's like it's sort of a problem in and of itself that was one of the first things

01:13:27.820 that sprung to mind not that I was like bitter oh no reform we've got loads of money and we haven't

01:13:31.360 that's not what sprung to mind I was like well good on them I hope we get massive donations

01:13:35.800 and that's so much money do you know what it puts me in mind of when there's a ever a really really

01:13:41.260 big heist and one gang get away with millions and millions of pounds even tens or even hundreds of

01:13:46.740 millions of pounds they nearly always end up fighting each other throwing each other under

01:13:51.200 the bus killing each other not that i think the leadership of reform are going to start killing

01:13:55.300 each other over the money but the point is it's so much it becomes a problem in and of itself in

01:13:59.340 fact i saw um um oak shot isabel oak shot on um talk or something or lbc or something earlier

01:14:05.660 and she said as soon as she heard the news she was like oh great that's good brilliant news but

01:14:11.120 also this is just going to cause a shitstorm one way or another it's so big uh so well it certainly

01:14:18.880 has done that what's money how do you split who do you put in charge of the money now that you've

01:14:23.040 got it right well just just to clarify as well christopher harbourn was the one who gave nigel

01:14:27.620 farage the five million that got him in trouble in the first place yeah wasn't he the difference

01:14:31.960 between this and that was that there was the question over whether farage should have declared

01:14:36.860 that at the time where clearly this everybody knows about this this has been declared this is

01:14:41.960 not to farage personally this is to the party as a donation so yes yeah well some one of the data

01:14:48.220 points on this is whether these guys were have been in britain long enough or registered i can't

01:14:53.740 remember all the details but there's some sort of technical taxpayers in britain for for 12 months

01:14:58.360 that kind of donation yeah and there's some question maybe over that i don't but you know

01:15:02.720 that reform and nigel's enemies will loudly there is no way that they oh you would think so

01:15:08.860 you would think so but i mean you know that now that i think about it you notice that i paused

01:15:14.700 You know that reforms are enemies, if they could get them on any technicality they will try at least

01:15:20.740 So the mirror which is really just propaganda for the Labour Party at this point

01:15:24.860 They go with Bitcoin, Rayner claims reform could face action over crypto billionaires cash

01:15:30.460 Well let's get straight to it, the next thing was that Rayner went on TV on Sunday doing the rounds

01:15:34.560 Talking about how Labour wants to change the rules, changing the goalposts

01:15:39.960 So that you just can't do that, there'll be a cap, maybe a cap

01:15:44.060 Maybe as low as £100,000 per person

01:15:47.760 Per very rich person

01:15:49.240 That wants to donate to political parties

01:15:50.700 And that that could be

01:15:52.840 She's just mooting the point

01:15:53.920 But it could be applied retroactively

01:15:56.000 So basically taking the money

01:15:58.560 Nothing bad happens when you apply laws retroactively

01:16:00.940 And the other thing is

01:16:02.820 The rank hypocrisy of it

01:16:04.040 Is that other big parties

01:16:05.640 Well the main two parties

01:16:06.400 Have taken millions and millions and millions over the years

01:16:08.580 The Tories take millions

01:16:10.180 Not quite on that scale

01:16:11.820 But they've taken millions from very rich people

01:16:13.940 over the years all the times um some housing developers some rich person or um yeah we'll

01:16:20.020 just some lord or other who's got a personal fortune we'll just give them a two million here

01:16:24.700 four million there i mean the labor party take tons and tons of money off of the unions don't

01:16:29.800 they yes i saw that uh on the 2024 election the unions gave them something like 2.4 million and

01:16:35.120 in the 2019 election they gave them 5 million since 2010 they've given them something on the

01:16:40.220 order of 140 million so labor are allowed to accept tens of millions if not hundreds of millions

01:16:46.820 at least over a few years from outside they're just their membership base yes but if restore do

01:16:53.940 it reform sorry if reform do it i do that both way around i go to say restore and say reform

01:16:59.860 and the other way around if either of them did it you'll get the same shit i mean yeah yeah i'll be

01:17:04.740 honest i'm broadly against any kind of huge donations to any political party in these kinds

01:17:14.080 of circumstances primarily because you're just buying politicians yes right you're you're buying

01:17:19.680 them for your own interests yes and i do not trust the interests of uh huge billionaires uh of of any

01:17:28.240 kind to ultimately at the end of the day match up with mine well you're not wrong of course you're

01:17:33.560 wrong but the point is obviously the point is we live in a space right now where they've been able

01:17:39.180 to do it oh yes no i'm not establishment parties have been able to and the second really like the

01:17:43.540 day the reform do it suddenly it's a problem suddenly the law needs to kind of kneecap their

01:17:49.720 opponents i agree with you it would be better wouldn't it if you didn't have super super rich

01:17:54.480 dudes just buying insane amount of influence yeah i mean you can't separate money and politics that's

01:17:59.380 the thing it's as old as separate it's as old money and political power they'll find a way

01:18:03.860 around it won't they they'll be a way around it if nothing else the classic one is they wait until

01:18:08.760 there'll be some sort of deal done over dinner over a brandy and balloon glasses and cigars in

01:18:14.860 a smoking room in a gentleman's club in london and the deal is you do what we want while you're

01:18:18.980 in power and then you get all the perks afterwards after you've finished being in government we'll

01:18:23.600 give you loads and loads of money and then no one can say anything really about it because

01:18:26.580 or we'll just give you a nice high-ranking position in our business yeah both yeah well

01:18:32.180 after you've been in office you can you'll give you a custody position at the top of the board an

01:18:37.300 honorary position on the board of governors in our company you get millions of pounds a year

01:18:40.740 for doing nothing and on and on and they can just do it that way you'd go the tony blair route and

01:18:46.260 literally monetize your connections and set up some kind of global entity and uh make a killing

01:18:53.300 that way charitable organization firas come on forgive me it's for the good of the world

01:18:58.660 yeah so the guardian go with the story reform declines to say if the 72 million

01:19:02.900 pound uh donors return to uk within 12 month limit that's one of the technicalities that the guardian

01:19:08.580 are going with sorry what basis do they have that they have to return the money other than

01:19:14.500 nothing yet they have to return to the uk they have to be oh wait yeah what are you asking of

01:19:18.820 time sorry what was you asking exactly oh um it's the the the return returning the money

01:19:24.420 well there's two things one there might have been a technicality where they hadn't been in the uk for

01:19:28.420 long enough to make it okay completely above board and also the the labor government and

01:19:32.740 right they want to be talking about retroactively apply some sort of new rules okay um what else is

01:19:38.740 there so this just comes across like playground politics where it's like i've i've i've punched

01:19:44.660 you in the face oh no no i actually had a shield the whole time so you never hit me it's just like

01:19:49.300 what you're thinking of is calvin ball yeah and for those of you not old enough to know calvin

01:19:55.220 ball check out calvin ball it's hilarious reform i quote very confident that the 72 million pound

01:19:59.940 donations were legal as peers prepared to debate like a cap going forward and then whether it's

01:20:06.180 applied retroactively is is something else uh a government vows to seriously address limits on

01:20:11.780 political donations after reform's 72 million pound windfall in fact should we hear from dicey

01:20:18.180 dicey one we must samson can you put the uh it's muted down there tell you something about how

01:20:26.420 terrified this socialist government is believe that we've done everything completely in accordance

01:20:32.100 with the laws and wouldn't it tell you something about how terrified this socialist government is

01:20:38.420 of Reform UK if they completely change the way that we understand things are done in the United

01:20:46.200 Kingdom and that they retrospectively introduce legislation in order to significantly disadvantage

01:20:52.960 another political party that's merely trying to get on the Labour playing field with the sort of

01:20:58.840 vast sums that Labour receive from their own union paymasters. Okay you get it. I very much

01:21:06.000 disliked class i know for a fact he was annoyed when he had to deselect me we don't like each

01:21:12.560 other but he has got a point he's not wrong there is he no he's not wrong it does seem like an

01:21:19.180 absolute stitch up that they would do i mean it's remarkable really you could get away with it the

01:21:24.000 chutzpah yes of saying that we can take tens of minutes even 140 million since 2010 we can do

01:21:30.760 that but you can't why on earth not um okay there was uh the channel 4 obviously going crazy

01:21:41.880 okay uh there was one bit of actually getting on both your segments took quite yeah sorry about

01:21:46.920 that no that's okay that's okay let's watch this clip from lbc where the guy what's his name um

01:21:53.320 uh what's the guy's name it's not the dog-faced gremlin is it kind of dog-faced who are you

01:21:58.280 you talking about? James O'Brien. No, no, not him.

01:22:00.180 Oh, okay. Anyway, you'll know the guy when you see it. Let's watch this clip.

01:22:02.580 The British people will

01:22:04.240 rightly get concerned if they think

01:22:06.540 one or two individuals can

01:22:08.100 interfere or look like they

01:22:10.240 buy our democracy. The Labour Party's taken money from

01:22:12.400 big donor individuals in the past.

01:22:14.940 Well, the Labour Party has

01:22:16.260 a number of donors. We often

01:22:18.220 also get a lot of grief

01:22:20.320 because of our trade union links, which

01:22:22.020 in fact, the Labour Party was born out of the

01:22:24.200 trade union. Indeed so.

01:22:25.460 And millions of trade union members

01:22:28.160 contribute to their unions and that's the cleanest form of money

01:22:31.780 that comes into our party.

01:22:32.720 You weren't born from the hedge fund industry

01:22:34.520 and you took a load of money from them before the 2024 election, didn't you?

01:22:37.280 Well, again, like I say, we have very strict rules in place

01:22:40.400 about where we get our donations from

01:22:42.220 and they're very much in the public domain, which is transparent.

01:22:45.640 You took £4 million from Quadrature Capital,

01:22:48.020 a hedge fund with substantial investments in arms manufacturers

01:22:50.900 registered in the Cayman Islands.

01:22:52.600 Well, again, we have very strict rules.

01:22:55.700 I do not decide which donors give to the Labour Party.

01:22:59.900 What did Quadrature Capital get for that £4 million?

01:23:03.380 Well, they don't get anything for that.

01:23:06.180 That's what Mr D'Lo says and what Mr Harbourn says and what Reform says.

01:23:09.100 It's exactly what they say.

01:23:09.980 What is the difference between the Labour Party taking £4 million from a hedge fund organisation based in the Cayman Islands

01:23:15.300 and Reform taking millions from these two men?

01:23:18.340 Again, I am being really clear.

01:23:22.260 We have robust processes and rules.

01:23:25.280 All right, you get it.

01:23:27.060 She's squirming.

01:23:28.480 He's got her, and she's just squirming.

01:23:30.800 Not just that.

01:23:32.160 I'm being very, really clear.

01:23:34.440 Like, it's on you because you're too retarded to understand

01:23:37.400 that I'm pure and you're not.

01:23:39.120 This is the message that she's giving.

01:23:40.720 This is what she's saying.

01:23:41.700 It's your fault for not understanding that I'm good and you're evil,

01:23:45.180 and therefore different rules apply.

01:23:47.700 That's the premise of it.

01:23:49.220 That is their entire understanding of everything.

01:23:51.460 The rules don't apply to them.

01:23:52.600 There is nothing standard about how we deal with people.

01:23:56.460 It is purely about power.

01:23:59.500 And you just can't deal with people like that by trying to be a noble loser.

01:24:05.960 Good on reform for taking the money.

01:24:07.200 I hope it completely works out for them.

01:24:09.800 And I hope they do something good with it.

01:24:12.020 It takes a couple of million quid, three to five million quid,

01:24:15.080 to set up a top-notch think tank.

01:24:16.980 If you're going to have all of the bells and whistles

01:24:19.300 and have something absolutely exceptional,

01:24:21.480 They're now in a position to be churning out policy left and right

01:24:24.520 that is actually well-researched and credible.

01:24:27.240 This is what they should do with the money.

01:24:29.360 And obviously, it's going to fund their election campaign.

01:24:33.580 It should be...

01:24:35.700 The people who support reform should see very solid results from this money.

01:24:41.020 We'll buy a lot of leaflets, won't we?

01:24:42.760 Ben Habib said, and I've heard other people say it,

01:24:44.980 that it costs something like 20, 30 million to fight a decent, competitive national election.

01:24:50.560 so they've got plenty now exactly they could find three yeah yeah so the next thing then a couple

01:24:55.780 of questions before we finish up the segment because i know we're running off time a couple

01:24:58.980 things um just quickly on what is expected in return now if reform do fall in the next government

01:25:05.280 and then that bendello and others suddenly like they're allowed to move into blending palace or

01:25:11.660 something they're suddenly allowed to be uh you know loads of laws have changed it to the for

01:25:16.960 their personal benefit well then that is a real problem but again isabel oakeshaw made a point

01:25:22.360 said when you're a billionaire you already don't really want for much you don't really need

01:25:28.280 governments to be changing legislation because you're already a billionaire again it's not a bad

01:25:33.280 point no the crypto guys they're trying to change some of the rules that make it easier to use

01:25:41.100 crypto and things like that sure sure when you're a billionaire only the only thing you want is more

01:25:45.540 more billions yes right yeah which is like money from production is good money from money is bad

01:25:54.500 this has always been understood so making more money out of crypto is a bit questionable uh

01:26:02.420 but let's see what reform do we'll see what happens to that the other thing is just the

01:26:05.940 second and third order consequences of something like this though like a new way of doing politics

01:26:12.660 like you will it start a trend where all the big parties and like the greens lib dem labor

01:26:19.300 conservative and hopefully restore that they each have to have their sort of super sugar daddies

01:26:24.740 going forward if they're even gonna stand you're gonna need a crypto bro to give you tens of

01:26:30.500 millions of pounds otherwise you just can't be in the game like you can't really be in the game

01:26:35.060 anyway already as it is but now you'll definitely need some sort of billionaire to give you tens

01:26:39.860 and tens of millions of pounds yes and and also sort of unknown the unknown unknowns as rummy

01:26:46.020 would say what might come down the road from this what are the consequences of political parties

01:26:51.540 having so much money to play with or an arms race of money i mean it doesn't work it didn't work out

01:26:57.300 that well in the united states exactly it doesn't actually work out well it's not better for

01:27:02.100 the body politic to have to be injected with giant amounts of money like this but

01:27:06.660 encourages more career politicians who will known who will be known to be controllable right that's

01:27:14.980 and that is inherently detrimental yes democracy is dead it's just a question of you know actually

01:27:21.500 putting the damn thing in the morning it may well be that in this instance nigel isn't actually

01:27:26.080 in hock to these crypto bros that doesn't necessarily mean that all politicians going

01:27:30.620 forward that take tens of millions of pounds won't be absolutely right so it's a worrying

01:27:35.000 trend in and of itself that and then last thing just to mention real quick is what do you think

01:27:40.480 this will do to andy burnham's no stern and burnham king of the north his calculation on

01:27:45.600 whether or not to call an early election some say uh this will make him want to call it earlier

01:27:51.860 because before reform get everything in place to be an unbeatable behemoth or he's just gonna no

01:27:59.100 it's too it's too late they've already got the money in their account i'm just gonna hold off

01:28:01.980 the last possible moment in 2029 now what do you what do you reckon i think it's down to do with

01:28:07.980 the financial crisis i think it's a question of when does this financial system actually implode

01:28:12.140 and how bad does the energy crisis get over the over the course so you don't think burnham's

01:28:16.300 calculation on calling an election will be changed all that much one way or another by this 72 million

01:28:21.820 i think there are other factors that are also involved oh well that's certainly true i'm not

01:28:27.020 going to try and make a prediction on it all right i'll see what happens fair enough i do just feel

01:28:31.580 like there's more and more rumblings coming out of westminster and i've got no special insight

01:28:34.940 we're in swindon there do seem to be more and more rumblings coming out of westminster though that

01:28:39.420 perhaps burnham is considering an early election quite possibly i wonder if this 72 million might

01:28:45.500 might just tip him over the edge because it's trying to pip so nigel before he can really use

01:28:51.020 that money properly to rebut my point on the economic crisis andy burnham is economically

01:28:57.900 illiterate true so it's not clear that he actually understands what is going on uh and the treasury

01:29:04.600 tends to be quite far behind in understanding what's going on and so he might be calculating

01:29:09.740 along these lines absolutely i'm not making any certain predictions just that's what i wanted to

01:29:14.420 say okay great okay i'll leave it there then because i know fresh you've got to do a live

01:29:18.980 stream quite shortly so yes should we do these or not video do these or not let's go through the

01:29:24.440 video comment. Okay. Yes, they can be done quickly. Okay.

01:29:29.240 Uh, Victagius, uh, says Alan Trugger seems based enough to donate to restore. Does he?

01:29:34.840 I hope so. I don't like Alan Trugger. There you go. I was gonna gatekeep him. Let's go.

01:29:54.440 Okay, I'm not sure what's not going to work next.

01:30:07.360 Very wholesome.

01:30:09.840 Nice day out.

01:30:11.100 Yeah, very nice.

01:30:11.960 I mean, trams and trains are by far the most environmentally friendly modes of transport.

01:30:16.760 I love a good tram.

01:30:18.160 Yes.

01:30:24.440 just a relaxing cat

01:30:26.440 washing itself

01:30:28.100 taking a look out the window

01:30:31.940 just want to give you all some a bit of a cat

01:30:34.340 you know just a

01:30:35.880 quick palate cleanser for all

01:30:38.380 the day you know just a good

01:30:40.240 relaxing you know get that

01:30:42.020 de-stressor you know just gotta

01:30:44.360 enjoy life

01:30:46.280 remember everything's so bad

01:30:48.260 absolutely

01:30:50.360 right thank you

01:30:52.220 what's up next samson

01:30:54.280 so this news story is a perfect example of two things you don't hate journalists enough and

01:31:03.020 the discourse with leftists is impossible because they just pretend not to or just don't understand

01:31:07.400 your position forcing in front of me something you pretend to care about but don't in an attempt

01:31:11.860 to smear someone just makes me hate you the thing that's supposed to be important here is that you

01:31:15.920 didn't report it i couldn't care less and neither do these journalists what i do care about though

01:31:20.720 is that according to the rules, it's perfectly fine

01:31:23.140 for politicians to take bribes,

01:31:24.820 providing they write it down in a book somewhere.

01:31:27.040 Like that somehow makes it okay.

01:31:30.000 Good point.

01:31:31.260 Yep, and I think we've got another one from this chap.

01:31:34.020 I actually have a request for a segment.

01:31:35.220 Maybe not a full-blown Brokonomics, but I'll find this idea

01:31:37.220 interesting. In the 2008 crash, instead of bathing

01:31:39.080 out the banks, the government instead froze all transactions.

01:31:41.140 Anyone receiving money after a particular deadline has to pay it back.

01:31:43.540 Forced those banks into administration

01:31:44.980 to pay off their debts. That pool of money from signing off any

01:31:46.980 assets was also used to pay out anyone who had

01:31:49.160 an account balance in full where the bank didn't have enough money to pay out account balances

01:31:52.300 the government filled in the gaps so no account holders lost any money all debts to the bank are

01:31:56.020 written off so basically mortgages finalized don't need to be paid obviously everyone working for that

01:32:00.580 bank loses their job not too much of a problem for customer service branch staff they should be able

01:32:03.700 to get a new job at another bank that's still around however for the bigwigs looking for a new

01:32:06.840 job they get the pot on their cv but in their last job they sank the business i'd like to do a brokonomics

01:32:12.620 But then looking at the 2008, 2009 era financial crisis,

01:32:17.540 because I was working in the city at the time.

01:32:20.000 Yeah.

01:32:20.380 Lived through it quite literally.

01:32:22.080 It would have been an interesting thing to do that in proper detail,

01:32:24.220 breaking it down what happened and why.

01:32:25.900 Yeah.

01:32:26.440 Sadly, I hate to break it to you,

01:32:28.380 the idea of a CEO or something saying,

01:32:31.860 by the way, I messed up my last job is not a deterrent

01:32:34.640 for more people hiring them again.

01:32:36.700 Do we want to go through a couple of comments each,

01:32:39.400 or are we calling it?

01:32:40.200 let's do one or two yeah all right uh i will start uh zesty king says to people on the left

01:32:50.200 there is no limit to the level of punishment a right winger deserves they will call for your

01:32:54.580 murder and laugh when it happens i think that was yes that was for mine uh sorry about that

01:32:58.800 that's all right it was placed at the top of yours martin williams says had to pump some gas

01:33:03.440 saturday really felt it question because of world war ii we are not allowed a country i wonder how

01:33:08.700 accidental that came about uh how about doing a piece discussing the formation of what would

01:33:13.720 eventually become the eu i wonder how much uh subversion was a part of it yeah well maybe at

01:33:20.140 some point uh and yet the british government still won't take the free oil and gas out of the ground

01:33:24.680 that's the key point great point all right annie moss many in america wishes they could send hassan

01:33:30.560 piker back unfortunately he was born on the magic soil so he's a citizen of the u.s by birth this is

01:33:35.940 why the supreme court failure on the birthright says it's an issue hurt so much yep michael

01:33:40.620 joe bulbous biggest problem too now the left has a tool to go after conservatives once they take

01:33:44.760 the white house all right and do you want to go through a couple of yours yeah omar awad says

01:33:51.100 do we pronounce that right i remember him once on a gold gold tier saying everyone's pronouncing

01:33:55.600 his surname wrong apologies i do seem to recall that don't worry we'll find new and exciting

01:34:00.360 ways to mispronounce your name he says power and influence is centralized by by nature

01:34:05.640 might as well try and remove hierarchy next i mean yeah i mean fair point isn't it a fair point

01:34:12.080 mara uh maria manzi says the law being muted as being changed mooted as being being changed

01:34:21.600 to be retroactively used is clearly a communist tactic oh yes yeah it's underhanded and it's what

01:34:30.220 they do scummy yeah it's what they do all right then and uh that's all we've got time for thank

01:34:36.240 you very much for joining us gentlemen at three o'clock in 25 minutes tune in if you've got a

01:34:41.360 subscription to the website for a live realpolitik with Firas for everybody else thank you very much

01:34:47.900 for joining us we'll see you again tomorrow take care

The Podcast of the Lotus Eaters - September 14, 2026

The Podcast of the Lotus Eaters #1505

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