The Podcast of the Lotus Eaters - The Podcast of the Lotus Eaters #972

00:00:00.000 Transcribed by ESO. Translated by —

00:00:30.000 Hello, and welcome to the podcast of The Load Seeders. Today is Tuesday, the 6th of August, and this is podcast number 972. Today I'm joined by Josh.

00:00:43.360 Hello, no packet of quavers for me.

00:00:45.120 Dan.

00:00:45.440 Hello, chaps.

00:00:46.580 And we're going to discuss how the markets have collapsed into utter oblivion, the revenge of the Muslims, and how Europe is being brought together by opposing immigration.

00:00:58.980 Before we start, we have plenty of announcements to make, so I'll start reading.

00:01:04.440 So we have a new behind-the-scenes video for the lecture night, which is now live.

00:01:09.780 You can watch the full 10-minute video on loadtoseeders.com.

00:01:13.580 It's only available to premium subscribers.

00:01:17.200 You can sign up now by using the code ONLY121, and you have a 50% discount for the first three months of your premium subscription.

00:01:26.340 And this applies to anyone signing up for the first time, reactivating a subscription or upgrading their subscription.

00:01:33.200 And now we also have the Lotus Seeders England Riots Roundtable with seven hosts.

00:01:39.840 We had a dream team yesterday.

00:01:41.780 Basically, it was everyone involved in Lotus Seeders at the moment.

00:01:45.760 And we were discussing about the unfortunate events that are taking place right now in the UK.

00:01:51.380 And we have also rumble runs to be read after each segment.

00:01:57.100 On that note, should we start by the very happy news that Dan has to share with us about market implosion?

00:02:04.120 Yes, the markets are imploding utterly and catastrophically.

00:02:08.940 I didn't think it was a particularly interesting subject, but so many people have spanned me on Twitter and in the comments that I should cover it.

00:02:14.620 So I thought, OK, fair enough, let's cover it.

00:02:16.680 This tweet covers it fairly well.

00:02:18.220 So there we've got this chap saying, look, over 3.8 trillion has been wiped from the stock market and crypto markets within the last week.

00:02:28.020 This crash is now ranked as the largest destruction of wealth in history.

00:02:32.200 And just to prove it, he's got a picture with lots of red on it, which is obviously scary.

00:02:36.720 So, yes, very bad indeed.

00:02:39.840 In fact, I've also got a quick segment from Fox News that sort of sets up the situation.

00:02:44.540 Samson, can we play that?

00:02:45.760 Some would call history in the next year.

00:02:50.020 Don't say that.

00:02:50.600 We have never been down a thousand points ever, not even intraday on the NASDAQ.

00:02:54.420 Is that true?

00:02:54.920 That is true.

00:02:55.560 OK.

00:02:56.220 Down 6% right from the get-go.

00:02:58.540 This is heavy, heavy, big tech.

00:03:00.600 Here we go.

00:03:01.080 Look at them go down.

00:03:02.400 Microsoft is down 20 bucks.

00:03:04.260 That's 5%.

00:03:05.400 Alphabet, 5%.

00:03:07.360 Meta, 6%.

00:03:08.940 Amazon, 6%.

00:03:10.440 Apple, 9%.

00:03:12.200 Now, let's pull out Apple.

00:03:13.960 This is interesting.

00:03:14.780 So, what does this mean?

00:03:19.280 Obviously, people who've got money invested in the market, that's terrible for them, right?

00:03:23.900 Obviously, there are losses there.

00:03:25.220 But what does that mean for people like me, who, to paraphrase the World Economic Forum,

00:03:29.940 own nothing and are unhappy?

00:03:31.740 Oh, it's all bad.

00:03:32.640 Oh, good.

00:03:33.200 Yes.

00:03:33.420 It's bad over a longer time.

00:03:36.080 It's just that the people with assets are having a very temporary bit of also badness,

00:03:40.440 just so they can be reminded of what it's like for the little folk every now and again.

00:03:44.460 OK.

00:03:45.380 Yes.

00:03:45.840 So, it's not good, unfortunately.

00:03:48.040 Yeah.

00:03:48.440 So, I've got to say, as an investor myself, I'm entirely relaxed about it.

00:03:52.880 I mean, I didn't really even flinch at this news.

00:03:56.820 You know, I'm entirely relaxed.

00:03:58.920 Nothing has changed on my big view of what's going on at the moment.

00:04:02.240 In fact, I did a Brokonomics a few episodes back.

00:04:05.180 Oh, I don't know where that's come from.

00:04:06.620 I did a Brokonomics a few episodes back on how it's about to change.

00:04:10.960 I was talking about the liquidity that's coming in the markets over the course of the rest

00:04:14.500 of this year and next year.

00:04:16.440 And I laid out a fairly bullish case in that.

00:04:19.440 That's quite a popular episode.

00:04:22.080 Lots of people have watched that.

00:04:23.420 So, you know, check it out if you'd like to understand my thinking behind this.

00:04:27.500 But, you know, begs the question, did I get it wrong?

00:04:31.020 Did I perhaps, you know, pitch it incorrectly?

00:04:37.300 I don't think so, because ultimately this is just a question of timescales.

00:04:41.100 So, I like to make money over the full business cycle, which is about a four to five year period.

00:04:46.360 I've never been into the short-term trading stuff.

00:04:49.300 If you are into the short-term trading stuff, there's not really a lot that I can say to you,

00:04:53.260 because I don't really understand that market.

00:04:55.680 Every time I've attempted to do short-term trading, it has ended disastrously.

00:04:59.560 It's a very risky thing to do.

00:05:01.280 It's the most risky, but, you know, you stand to gain a lot.

00:05:04.340 Also, it takes a hell of a lot of time and attention.

00:05:07.280 So, you can be an investor and spend most of your time on the golf course.

00:05:10.440 If you want to be a trader, you need to be looking at your screens, you know,

00:05:14.560 a couple of hours before the market's open and you need to be there every single day.

00:05:18.000 You need to be thinking about it all the time.

00:05:19.320 And I just haven't got the energy for that.

00:05:20.680 It's basically the equivalent of Twitter strategies.

00:05:23.660 Some people are constantly online.

00:05:25.600 Well, some people have a different temperament.

00:05:27.120 And others, they just have two or three good tweets.

00:05:30.540 Yeah.

00:05:31.260 Yes.

00:05:32.160 If you've got the temperament for it, you find it difficult to do the other one.

00:05:35.720 Yeah.

00:05:36.240 Whatever your temperament and disposition is.

00:05:38.600 So, I'm just going to zoom out and I'm going to ask, what is the root of this?

00:05:44.820 The root of all of this, the financial system that we have and the economic issues that we

00:05:50.000 have, is all downstream product of the government spending too much money.

00:05:55.500 They just can't help themselves.

00:05:57.540 Right.

00:05:57.660 Now, that is in turn is driven by demographics, but I'm not going to get into that here because

00:06:02.000 I've got brokonomics that you can go and watch if you want to get into that level of

00:06:05.720 detail.

00:06:06.120 But the underlying issue is governments are racking up enormous amounts of debt and they

00:06:11.700 can't afford to pay that debt.

00:06:13.340 So, the whole game now is how can we debase the currency over time?

00:06:18.980 Because that will make the real value of the debt decline.

00:06:23.140 Obviously, being £100 in debt today is not a big problem.

00:06:27.100 Being £100 in debt in 1900 was a big problem.

00:06:30.340 But of course, the value of the money itself declines and so you want to try and get rid of

00:06:34.060 your debt by debasing the currency.

00:06:36.320 That's what it's all about.

00:06:37.120 And all of that still holds.

00:06:38.940 So, what happened in this particular blow up that everybody is so animated by?

00:06:45.180 Well, it's a number of factors.

00:06:47.640 Some people say it's the jobs report that came out.

00:06:49.700 Some people say it was the Japanese.

00:06:52.220 Ultimately, what it's really about is that the economic regime is changing from one of

00:06:56.920 financial tightening to financial loosening.

00:06:59.400 And all of these are factors within it.

00:07:03.360 But what we're going to see is interest rates coming down.

00:07:08.900 We're going to see the quantitative tightening stopped and we're going to see the business

00:07:11.880 cycle turning up.

00:07:12.720 Don't worry if you didn't understand what I just said.

00:07:14.780 That's what Brokonomics is for.

00:07:16.100 But let's just pick up on one thing that people have been talking about a lot, which is the

00:07:19.040 whole Japanese angle.

00:07:19.920 So, I'm going to quickly whiz through that just to sort of detangle it a little bit.

00:07:23.300 But, you know, when I say governments spend a lot of money, very, very true of the Japanese.

00:07:29.140 They run up lots and lots of debt for whatever.

00:07:31.340 Well, they've got an aging population.

00:07:32.680 Well, they're pretty renowned for a lot of deficit spending, aren't they?

00:07:37.160 Yes.

00:07:37.520 Well, and they've got a very aged population.

00:07:39.300 So, the whole demographic point that I made is, I mean, their demographic cycle is like

00:07:42.920 ours, but 15 years earlier.

00:07:44.940 So, yeah.

00:07:45.680 They are also one of the cases, isn't it?

00:07:48.640 Japan and Argentina that are sort of held up as countries that always seem to defy most

00:07:54.200 economic rules.

00:07:55.940 So, well, actually, the Japanese tend to lead on a lot of this stuff.

00:07:58.900 So, they were the first to do quantitative easing.

00:08:01.380 They kind of invented it.

00:08:03.760 And they've now kind of moved past it to do something else.

00:08:06.820 So, let me briefly explain quantitative easing.

00:08:09.020 I think most of you guys know what it is.

00:08:10.860 Basically, it's money printing.

00:08:12.560 But the way they do it is they say, okay, there's lots of our government debt circulating.

00:08:16.800 So, what we do is we buy some of it back.

00:08:19.380 So, we will swap cash for debt.

00:08:22.380 So, basically, you're putting cash into the system.

00:08:24.260 So, it's like money printing, but it's not exactly, but it's functionally the same thing.

00:08:28.820 It has the same result.

00:08:30.400 So, that's why we just end up calling it money printing, because we might as well.

00:08:33.960 But there's two different kinds of money printing.

00:08:36.100 There's the quantitative easing, which you do what I said just now.

00:08:39.320 But the way you do it is you buy a fixed amount at any price.

00:08:47.700 So, you say, I'm going to inject whatever it is, 500 billion into the economy.

00:08:52.400 And I will buy 500 billion worth of that debt that's out there and swap it for cash.

00:08:57.440 But I don't really care what price I pay.

00:08:59.940 The Japanese do the sock inside out version of that, which is I'm going to buy an unlimited

00:09:05.820 amount of debt, but at a fixed price.

00:09:08.020 So, effectively, what it does is it puts a cap on the price of Japanese debt.

00:09:13.520 So, it's a very effective way to keep their cost of money very low.

00:09:18.440 But there's a problem with what they do, which is called yield curve control as opposed to

00:09:22.420 quantitative easing.

00:09:23.440 It's a trap.

00:09:25.000 Once you get into it, it's incredibly difficult to get out of it.

00:09:28.820 And they've been doing this for a long time.

00:09:30.240 Now, they can get away with it because they've got huge foreign reserves of stocks and assets

00:09:35.300 and debt and a whole bunch of things from other countries.

00:09:38.020 But they had their currency level down at such a low level that what people were doing was

00:09:44.240 something called the Japanese carry trade.

00:09:46.700 Now, that sounds like it might be complicated.

00:09:48.620 It's not really.

00:09:49.200 It's as simple as this.

00:09:51.240 You're a macro investor.

00:09:52.520 You want to invest somewhere in the world, basically America, because they have the highest

00:09:57.340 returns.

00:09:58.520 Where are you going to get the money to invest in America?

00:10:00.700 Well, you're going to go to wherever you can get it the cheapest, which is Japan.

00:10:05.080 So, you borrow money in Japan.

00:10:07.820 You immediately sell them and buy the dollar and then buy investments.

00:10:14.980 So, what does that do?

00:10:15.960 Well, you've got this constant push of people selling yen, buying dollars.

00:10:20.240 So, the yen goes down and the dollar goes up.

00:10:22.600 So, you end up with a strong dollar.

00:10:25.000 Now, governments generally don't mind having a weak currency because it helps them in sort

00:10:28.980 of ways.

00:10:29.800 But you don't want it too weak.

00:10:31.360 Because if it's too weak, well, that causes a whole new set of problems.

00:10:35.420 So, this yield curve control trap that they've got into, they needed to alleviate it just a

00:10:42.760 little bit.

00:10:43.080 So, what they did is they raised their rates by a quarter of a percent.

00:10:47.580 It's not much, right?

00:10:49.480 But financial markets being what they are, is they always exploit every opportunity to

00:10:55.800 the maximum extent.

00:10:57.640 I mean, if you have a very weak currency, essentially, foreigners can buy a lot of your assets very

00:11:03.420 easily.

00:11:04.660 Yeah.

00:11:05.220 And it also gives you problems, I mean, buying stuff that you need to buy from the rest of

00:11:11.380 the world.

00:11:11.680 So, Japan has a big trade surplus, so it's not that bad for them.

00:11:15.320 But they still need to buy oil.

00:11:16.400 They still need to buy more commodities because they don't have much.

00:11:19.260 There's still a whole bunch of stuff that they need to buy from the rest of the world.

00:11:21.480 So, you can't let it get too low.

00:11:23.320 So, they raised that interest rate by a tiny smidgen.

00:11:28.020 And because so many people in the financial markets had been borrowing money from there

00:11:32.700 and investing it there and taking it right up to the limit, even a small movement means

00:11:37.980 that a whole bunch of trades are now offside, that you need to unwind them to rebalance it.

00:11:44.400 So, that led to a situation where a lot of financial participants had to sell stuff in

00:11:52.380 dollars, mainly, so that they could then send the money back to Japan to pay off their debts.

00:11:58.080 And even though it's a tiny incremental change, because people leverage up and they do all

00:12:03.020 sorts of silly things, it creates absolute turmoil in the currency markets and assets and

00:12:09.780 stuff has to sell down.

00:12:10.740 And it's kind of like a python swallowing a deer.

00:12:18.660 You know, the python's still going to be okay, but he's just not going anywhere for a while.

00:12:23.520 He just needs to sit it out and digest it.

00:12:26.080 And that's kind of what's happening in markets.

00:12:27.200 From what you've explained here so far, it seems to suggest that this will correct eventually

00:12:32.160 on its own.

00:12:33.700 And it's just a potentially temporary thing, although there might be some more long-term

00:12:38.640 effects as well.

00:12:39.300 Yeah, that's the key thing that I'm saying.

00:12:40.800 Nothing fundamental, in my view, has changed.

00:12:43.280 You know, the governments are still drowning in debt, and they still can't afford to pay

00:12:46.620 it, and they still have to debase the currency, and they still have to ease financial conditions.

00:12:51.840 None of that has changed.

00:12:53.680 All that's changed is that there has been a disruption in the flows, and it's upset the

00:12:59.840 equilibrium, and everything's having to readjust.

00:13:02.560 This seems entirely unsustainable.

00:13:04.920 And what is the rationale for them doing this?

00:13:07.580 Or the excuse, let me say.

00:13:09.800 Are they saying that we're going to collectively bargain for debt cancellation?

00:13:14.480 Because that doesn't seem...

00:13:15.520 So if what you're asking is the bit about the government's overspending, is that unsustainable?

00:13:20.380 Yes, entirely.

00:13:21.280 Yeah.

00:13:21.560 And the whole plan is to put it on the next guy.

00:13:24.420 So you get elected, and you do all the bad things, and then you let the next guy worry

00:13:29.060 about it.

00:13:29.600 And then the next guy has a bigger problem.

00:13:31.080 And we're now at least 50 years into it being the next guy.

00:13:36.880 Yeah.

00:13:37.060 I mean, you're describing my country of origin.

00:13:40.040 Yes.

00:13:40.700 Well, I'm describing all of them, really.

00:13:42.220 I mean, all of them.

00:13:42.940 I mean, apart from Russia.

00:13:43.780 That sounds familiar.

00:13:44.860 It reminds me of something.

00:13:46.580 Yeah.

00:13:47.100 So, you know, nothing fundamental has changed.

00:13:50.760 My timescale is four to five years.

00:13:53.420 My current investment cycle began in 2020.

00:13:56.200 So I tend to operate in these cycles, and the current cycle began in 2020.

00:14:00.920 What happened in 2020?

00:14:02.120 Well, in 2020 and 2021, governments borrowed an obscene amount of money for their whole

00:14:08.440 COVID shenanigans, right?

00:14:11.320 The US, for example, borrowed 10 trillion over that period.

00:14:15.080 And most of that now becomes due end of this year, next year.

00:14:21.060 So they need to refinance it.

00:14:23.240 Question, I think, for our audience.

00:14:24.420 When you hear something like that, that the US nation borrowed $10 trillion during the

00:14:32.120 COVID thing, from where?

00:14:34.520 Oh, well, they issued debt, which was bought some by financial institutions in the US because

00:14:40.360 they're obliged to do so for capital adequacy rules.

00:14:44.660 Some of it to foreigners, although foreigners are buying less and less, they want to buy gold

00:14:47.900 instead.

00:14:48.900 Some individuals, some other governments.

00:14:50.960 I mean, it's just a different spirit of different people.

00:14:53.980 But they put out that debt, and they're going to have to refinance most of it end of this

00:14:58.980 year, next year.

00:15:00.240 And here's a simple point.

00:15:02.460 They do not want to refinance that debt at 5.5%, which is the current interest rate.

00:15:07.440 So think about this.

00:15:10.020 Let's say you've got a mortgage, and you've done a five-year fixed, and you want to roll

00:15:16.640 over your mortgage.

00:15:18.040 But by happy coincidence, you've been handed the power to set interest rates.

00:15:23.300 What are you going to set interest rates a week before you need to roll over your mortgage?

00:15:29.260 Yeah.

00:15:29.460 You're going to set it as low as you possibly can.

00:15:31.680 Then you're going to roll over your mortgage, and then you can let it taper back up again.

00:15:35.900 And thus, that cycle that you get into, that the governments have got into.

00:15:39.740 And it started, well, I suppose you could argue that it started in 1998 with the Asian

00:15:44.680 financial crisis.

00:15:45.380 But it was certainly in full stream with the dot-com and the 2008.

00:15:49.380 You tend to get these four or five-year cycles that carries on.

00:15:52.400 So they don't want to refinance at 5.5%.

00:15:55.440 I think they want to push it down to something in the range of 2% to 2.5%.

00:16:00.560 And it's either that, or they massively cut spending.

00:16:05.760 Now, the only things that the US can cut of a scale that actually makes a difference is

00:16:11.800 going to be the military, Medicare, or Medicaid.

00:16:14.940 And the Americans in the chat can tell us how viable it is, how politically viable it is

00:16:20.140 to slash those three areas of spending.

00:16:22.500 You know, I would argue probably not particularly high.

00:16:26.060 Don't do the military.

00:16:26.820 That would be my advice.

00:16:27.840 Not at the minute.

00:16:29.340 Yeah, well, I mean, maybe they should.

00:16:31.500 Certainly the CIA bit, anyway.

00:16:32.920 Well, yeah, that's better for everyone there.

00:16:35.360 So they want loose monetary conditions.

00:16:37.740 They want lower rates.

00:16:38.780 They want printing.

00:16:39.400 They want debasement, and that drives up markets.

00:16:41.160 So the three reasons that I am not panicking even a little bit.

00:16:45.120 Right.

00:16:45.700 One, lots of debt to roll over, and they want financial conditions lighter for doing so.

00:16:51.400 So the business cycle has turned.

00:16:54.300 Again, I won't explain that here.

00:16:55.940 Go watch Brokernomics if you want to get the full rundown of that.

00:16:59.560 But essentially, inflation is a lot lower.

00:17:04.500 Unemployment is going up.

00:17:05.680 So one of the things that you don't want to be doing is raising, sorry, lowering rates when unemployment is high.

00:17:13.220 But basically, the Federal Reserve government, they set out their criteria for what they want to lower rates.

00:17:19.980 And all of the signals like to turn green for them.

00:17:23.900 So all of that is set.

00:17:24.960 And the third reason why I'm bullish is because there was an election coming up.

00:17:30.920 Another big pool of liquidity is something called the TGA, the Treasury General Account.

00:17:35.500 That's basically Janet Yellen's current account.

00:17:39.880 And it's stocked.

00:17:41.180 It's brimmed at the moment because the US had their tax season, and she just kept hold of it.

00:17:45.660 Now, the reason she's keeping hold of that might be because she likes doing the whole Scrooge McDuck thing of just diving into the big vault of money and swimming around.

00:17:52.660 Or it could be, a little bit sceptical here, it could be that she wants to help Joe, not Joe Biden, the other one.

00:18:00.600 Kamala Harris.

00:18:01.540 Kamala Harris, yes, the new one, if she sticks around by the time this comes out at eight o'clock.

00:18:08.440 She wants to help the Democrats, of course.

00:18:10.680 So that money is going to come pouring into the US economy sometime between now and when the election is.

00:18:17.860 And this always happens.

00:18:19.260 Election years in the US are always quite good for the markets towards the end of the year because they always pull this trick.

00:18:27.200 And then I'll give you a bonus reason as well because some people might say, okay, oh, what about the crisis in the Middle East?

00:18:32.560 Well, I mean, there's always a crisis in the Middle East.

00:18:35.080 I mean, ever since I began investing, I had people saying, oh, what do you think about the crisis in the Middle East?

00:18:39.560 It's like, oh, what, this one?

00:18:40.780 People factor that into their market calculations, don't they?

00:18:43.540 It's just, it is permanently in crisis.

00:18:46.240 Right, and let's take worst case scenario.

00:18:48.640 Let's say full regional meltdown, US war against Iran and all the rest of it.

00:18:55.140 Well, what does that mean?

00:18:56.460 Well, do you think that spending is going to go up?

00:18:59.220 Yes.

00:19:00.620 Right.

00:19:02.060 And if they're going to spend more, do they want cheaper money or do they want more expensive money?

00:19:08.080 Well, they want cheaper money.

00:19:08.840 So that is more liquidity pumped into the whole system as well.

00:19:13.460 Now, at some point, these factors will change and I will turn from being net bullish, as I am now, to wanting to sell or at least reduce my positions down.

00:19:24.200 That is not now.

00:19:25.600 I doubt it will be this year.

00:19:28.300 The big question is when in 2025 I think that's going to be.

00:19:31.360 It's definitely not going to be before the election.

00:19:32.900 But at some point after that I will flip, my views will change.

00:19:38.520 If you want to know more, again, follow Brokernomics because I won't be going through it here.

00:19:43.460 But at this point in the business cycle, what we're going through is basically just normal.

00:19:48.340 These are the, this is the, these are financial markets responding normally to an abnormal and broken government set of policies.

00:19:59.280 Which are broken.

00:20:02.340 So, so, so don't, so, so, you know, if, if you're an investor, I would say, don't worry about it.

00:20:06.880 If you're not an investor, if you're a wage earner, to come back to your original question, then this whole situation is utterly obscene.

00:20:13.800 Yes.

00:20:14.600 Utterly obscene.

00:20:15.620 Mm-hmm.

00:20:15.940 Because you, what, basically for people who are investors, you just don't need to do that much apart from just know a bit of stuff.

00:20:24.340 And you can just make lots and lots of money, like from one cycle to the next.

00:20:27.900 And it's all in service of the underlying government motivation to drain the value of money, to make money worthless, which means that your wages are worthless.

00:20:40.560 But because different prices respond at different speeds, so house prices go up faster than wages go up.

00:20:47.420 And they always do that.

00:20:48.840 And the gap between the two is always getting wider.

00:20:51.140 So, for wage earners, yes, for wage earners, this is, this is just, this is just awfully bad.

00:21:01.180 So, I get how obscene it is, right?

00:21:03.760 And I don't agree with it.

00:21:06.340 And the whole reason that I do Brokernomics is to highlight how badly screwed wage earners are and how unfair it is for asset holders.

00:21:14.980 And, you know, what you can do about it.

00:21:17.300 That's what Brokernomics is all about.

00:21:18.820 And yes, I make money from it myself because, I mean, you'd be foolish not to if you can.

00:21:25.540 I mean, you just, you just would.

00:21:26.780 But that doesn't mean that I agree with it.

00:21:29.860 I don't agree with this system.

00:21:32.000 But this is the system that we have.

00:21:34.620 And I'm not in a position to magic it away.

00:21:36.900 The only thing I can do is, you know, come into Lotus Eaters and make videos that explain it and run a Brokernomics series that explains it.

00:21:45.560 So, you know, if anyone was about thinking raging at me in the comments, yeah, I get that it's bad.

00:21:51.240 It's just nothing I can do about it apart from explain it.

00:21:53.860 But if you're an investor, you know, happy days, all that.

00:21:58.660 What I will end on is, yeah, this.

00:22:02.040 So this is, this is the sort of the whole net effect that I'm talking about zoomed out.

00:22:08.480 You will notice that this is a line that goes up and to the right.

00:22:13.960 But it's not a straight line.

00:22:15.360 There's lots and lots of jagged sort of downward motions in that chart.

00:22:20.680 And, I mean, this chart goes up to, it's already ended.

00:22:25.040 So this would have been a few months ago, I think.

00:22:28.800 Yeah.

00:22:29.280 But basically, at any point when it was hurtling downwards, it would look very scary.

00:22:35.240 And you'd be, you know, lots of articles about, you know, the world is ending and all that kind of stuff.

00:22:39.860 But then it just goes up again because governments spend too much.

00:22:46.020 They create too much debt.

00:22:47.700 They have to devalue the currency.

00:22:49.960 So therefore, everything gets repriced.

00:22:51.940 And so the whole game becomes, as an investor, well, if everything's getting repriced,

00:22:57.000 how do I put myself into something which is going to come out comparatively ahead of stuff

00:23:02.600 that is going to come out comparatively behind?

00:23:04.500 And so, you know, my takeaway message on this is, unless you're a short-term trader,

00:23:11.440 in which case, woe you, well, unless you were short at the time,

00:23:15.280 because, you know, you probably just lost your house if you were long.

00:23:18.840 Unless you're a short-term trader, you know, don't worry about it.

00:23:22.220 You do you.

00:23:22.960 But personally, I will buy the dip.

00:23:24.400 And if you're a wage earner, just note that this is woeful

00:23:31.360 and the chances of getting a house will become even more difficult.

00:23:36.020 Sorry about that.

00:23:38.200 Well, now I'm really depressed.

00:23:40.060 Yes, on that cheerful note, let's move on to something more upbeat.

00:23:43.680 We have a rumble comment.

00:23:44.700 Oh, do we have a rumble comment?

00:23:45.420 Please be a pallet cleanser.

00:23:47.480 I need it before I do my segment.

00:23:49.200 Yeah, I kind of get where you're coming from on that one.

00:24:06.220 But the main problem with the elderly is that their parents had the temerity

00:24:10.500 to give birth to them in large numbers in the 50s and 60s

00:24:15.260 and creating a demographic bulge,

00:24:17.640 which, well, watch Brokonomics anyway.

00:24:21.120 Callan Knight says,

00:24:22.320 Ah, another segment for the Become Homestead Propaganda Files.

00:24:26.500 Yes.

00:24:27.080 Actually, the older I get, the more I'm up for just

00:24:29.660 getting a little smallholding farm somewhere.

00:24:33.840 It just seems like...

00:24:35.160 I know what the South Africans are about now.

00:24:37.340 Yes.

00:24:38.280 And Ridge64 says,

00:24:39.480 Question, why aren't you protesting with a bank run?

00:24:44.280 Because it's not a bank liquidity problem.

00:24:46.300 So it's a shifting of liquidity between jurisdictions and the regime is changing.

00:24:55.320 So that wouldn't be relevant.

00:24:57.060 So anyway, yes, on to cheerier news, like civil war or something.

00:25:00.880 So, obviously there have been lots of riots and protests in Britain.

00:25:08.320 It's been reported that there have been over 13 towns and cities across Britain.

00:25:12.860 And the Labour Party, and Keir Starmer in particular,

00:25:16.420 has focused all of his strong words and rhetoric targeting the white British people.

00:25:20.760 And he ignored the evidence of Muslims rioting.

00:25:24.020 And by doing so, he's emboldened them.

00:25:26.740 He also, it's been discussed at least, wants to prescribe the EDL,

00:25:31.100 which is an organisation that hasn't existed since 2013.

00:25:34.660 And even Sky News here says,

00:25:37.360 Does the English Defence League still exist and could it be banned in the UK?

00:25:40.760 But they lead with, does it even exist?

00:25:42.540 I don't think it does, does it?

00:25:44.260 It doesn't, no.

00:25:45.140 It's kind of a bit embarrassing that they're saying,

00:25:47.420 the people that are responsible for this don't actually exist.

00:25:50.400 Which is kind of a bit embarrassing.

00:25:52.040 Shows a bit of desperation, perhaps.

00:25:54.200 Because one, or it's very convenient in a way that they don't actually have to do anything.

00:25:59.180 And they look like they're doing something.

00:26:01.660 I think that would be the preferred option.

00:26:03.100 I think so.

00:26:03.620 So, what has this emboldening of the Muslim population actually done?

00:26:09.920 Well, they heard about this EDL thing.

00:26:14.000 And there were rumours of an EDL protest in Broadersley Green, Birmingham.

00:26:20.920 And they were basically called to stand guard of the village centre, local shops, and hospitals.

00:26:28.420 I don't know why people target a hospital, to be honest.

00:26:31.400 But there we go.

00:26:32.540 So, because of this misinformation, basically, loads of Muslims went out and guarded these places.

00:26:42.860 So, here they are, guarding their neighbourhoods.

00:26:47.640 Let's have a look at this.

00:26:49.060 It's not really the Coldstream guards, is it?

00:26:50.940 You know, standing rigidly.

00:26:53.140 Let's end the bottle up because it's loud.

00:26:55.060 But, if you're listening, there's lots of cars driving around, around about very quickly.

00:27:03.240 Mainly German cars, mainly expensive cars.

00:27:06.540 You know, your BMWs, your Audis, maybe even a Mercedes somewhere.

00:27:10.160 But, yes, they basically blocked off an entire road.

00:27:14.520 And you can see that they're just letting through certain cars, which is in the business called foreshadowing.

00:27:21.220 And, yeah, this doesn't seem to be guarding.

00:27:26.400 There are many people covering their face.

00:27:29.160 And because this was, you know, quite a big gathering of people.

00:27:33.680 We're talking about Birmingham in the UK.

00:27:38.360 We're not talking about Caracas, Venezuela.

00:27:40.240 I thought you were going to say Birmingham, Alabama there.

00:27:43.700 And I was just going to be like, thanks, Stelios.

00:27:46.080 But, no, Sky News came and went to cover it.

00:27:50.520 And here is what happened.

00:27:52.820 There's a van full of police in that McDonald's car park just behind us.

00:27:56.360 There are other police cars that we've seen circling the area.

00:27:58.960 So, I think they are ready to move in, should they be.

00:28:02.160 We know that Muslim community leaders have been speaking to the police as well because...

00:28:06.940 Hey, yo, breathe, Palestine.

00:28:09.080 Breathe, Palestine.

00:28:10.240 But, I think, apologies for the language you're hearing, but...

00:28:14.880 So, basically, they had to end it and flee the actual journalists.

00:28:23.920 The media really don't want to be covering this angle.

00:28:26.680 And here they are trying to slash their tyres.

00:28:29.260 Gonna do the same to us.

00:28:31.800 Which didn't even work.

00:28:33.020 So, they're still able to drive away.

00:28:35.000 So, even when they're trying to slash tyres, they're not even competent, which is a bit reassuring, I suppose.

00:28:39.060 But, it turns out that this is the constituency of a certain friend of the Lotus Eaters, particularly of Carl Benjamin.

00:28:48.680 A certain MP.

00:28:51.940 Was it her constituency?

00:28:53.240 Yes.

00:28:53.820 Ah.

00:28:54.040 She's Birmingham Yardley, I believe.

00:28:57.800 She won't hold that for long.

00:28:59.220 She'd be replaced by an openly Islamic candidate.

00:29:00.460 Oh, she won it by 750 votes.

00:29:03.300 And the workers' party of, you know, what's his name?

00:29:07.300 The hat man.

00:29:08.460 What's he called?

00:29:09.800 George Galloway.

00:29:10.680 Ah, yes.

00:29:11.200 His party, right?

00:29:13.720 Tice shared this and said, Starmer and Labour no doubt think these pro-Gaza masked folks are far right too.

00:29:19.360 He's, of course, referring to the fact that Starmer didn't mention all of the Muslims gathering and rioting.

00:29:25.640 And then Jess Phillips says, these people came to this location because it has been spread that racists were coming to attack them.

00:29:32.100 This misinformation was spread entirely to create this content.

00:29:35.620 Don't spread it, Mr. Tice.

00:29:36.980 To which I still hold this view.

00:29:40.580 This is before any of the subsequent events happened.

00:29:44.200 And I said, they were told they would be attacked.

00:29:47.220 And so they turned out en masse at that location.

00:29:49.960 So, in other words, looking for a fight then.

00:29:52.280 Yeah, but also the person who told them that they would be attacked was the Prime Minister.

00:29:56.960 Yes.

00:29:57.300 Well, there is some clarification here.

00:29:59.800 So, lots of details of protests across the country were shared.

00:30:05.880 And lots of them were not real.

00:30:08.260 And actually, some of them were shared in left-wing circles, more the right-wing circles.

00:30:13.060 A lot more from what I can tell.

00:30:14.460 And so, lots of left-wingers turned out to protests that weren't actually real.

00:30:20.560 You know, the EDL don't exist.

00:30:23.400 So, if there is information saying the EDL are protesting somewhere, it turns out that no one's going to turn up because it doesn't exist.

00:30:30.120 I heard also some misinformation about acid thrown into a woman's face.

00:30:36.440 That wasn't recently.

00:30:38.460 But that was previous.

00:30:40.060 That has helped amp up the Muslims.

00:30:43.240 So, obviously, it didn't last long that they were milling about.

00:30:49.160 You know, we know they like milling and everything.

00:30:50.880 But they got a bit bored.

00:30:53.220 And it turns out that chasing English people is more interesting.

00:30:56.860 So, here they are.

00:30:57.880 Oh, my God.

00:30:59.520 I'm going to turn the volume off.

00:31:00.660 Oh, my God.

00:31:01.520 Because it's annoying.

00:31:03.160 But, yes, they're all running towards where they think some English people are.

00:31:08.520 Some EDL, apparently.

00:31:11.980 But not really.

00:31:13.260 So, here is what happened next.

00:31:20.420 They began looking at cars, seeing if people were turning up because they were told there would be a protest there.

00:31:25.520 They were so scared of being attacked that they had to run out of their way.

00:31:29.900 And look in cars that were passing by.

00:31:35.540 And look at what happens here.

00:31:38.920 So, they're stopping cars.

00:31:41.000 They're seeing who's driving them.

00:31:43.260 And that depends on how they treat them.

00:31:46.160 And this car so happens to get away from a mob of Muslim men that mean to do them harm, had to drive through the crowd.

00:31:53.120 It stopped initially.

00:31:54.380 They mobbed it, started attacking it.

00:31:56.600 And then they had to drive through them.

00:31:58.420 And it looks like they got away safely-ish.

00:32:01.080 But, yes, attacking more cars.

00:32:04.300 This is more or less setting up checkpoints in a city that isn't theirs.

00:32:10.720 So, it carried on as well.

00:32:12.440 Now, here's another angle of the same thing.

00:32:19.680 Were you going to say something?

00:32:21.940 Yes, I was going to say that this is clear violation of the law.

00:32:25.120 And Keir Stammer has emboldened people to break the law because he did the unthinkable as far as law enforcement is concerned.

00:32:34.760 He went out and he told in advance that he is going to side with one among rival communities.

00:32:41.460 This is unthinkable as far as law enforcement is concerned.

00:32:45.640 Believe it or not, yes, breaking cars is against the law.

00:32:48.320 Well, well observed.

00:32:51.080 And plus, because let's say, you know, that guy, when he was trying to get away, he hit a tree or something and they smashed the windows and dragged him out and killed him.

00:33:01.240 Police then turn up and start knocking on doors and saying, we want to identify the people who did the killing.

00:33:06.180 Speak to the police, will they?

00:33:07.440 They will get away with it.

00:33:09.140 Yeah, of course, because they have a community focus of not cooperating with the police.

00:33:15.520 And we've seen this on the show.

00:33:16.580 We've seen it with the Muslim demonstrations in other areas where they're literally saying, we don't need you.

00:33:22.160 We can defend ourselves.

00:33:23.580 You know, leave us alone.

00:33:24.520 You're getting in our way, basically.

00:33:25.940 That is the sentiment that's being expressed by a lot of these people.

00:33:28.940 The insane escalation of this whole conflict is going to get people killed.

00:33:34.380 I don't doubt it.

00:33:35.880 He needs to tone it down.

00:33:37.460 So then, not content with attacking random cars passing by, they targeted something that is a vestige of English culture, a pub.

00:33:46.840 And I saw a live stream of them going to this pub.

00:33:50.760 They were just going around looking for people.

00:33:53.500 They were looking for trouble.

00:33:55.440 It wasn't that, you know, the pub had given them particular grief.

00:33:58.040 It wasn't any particular reason for it, but they began attacking it.

00:34:02.500 So, play this and mute it a little bit.

00:34:07.020 So, here they are, all crowding around the pub, attacking it.

00:34:12.920 Clumsy Swan, it's called, in Birmingham.

00:34:16.320 So, there was also a particularly egregious video.

00:34:20.480 I shouldn't really play the whole thing because it's a pretty severe beating.

00:34:25.420 But I'm going to basically skip through little snippets so you can see roughly what happened.

00:34:32.400 So, there's one lone man locked outside of the pub with all the Muslims outside.

00:34:39.120 Can you guess what happens next?

00:34:41.880 They beat him.

00:34:42.920 Yes, all of them beat him.

00:34:46.060 One man.

00:34:47.700 So, you can see here, they start kicking him.

00:34:52.080 Not going to show it.

00:34:54.120 But eventually, he's basically taking shelter under this table and more and more people turn up and are just beating him on the ground when he's lying on the ground under the table, trying to hide.

00:35:06.180 What did Jess Phillips say about this?

00:35:09.260 We'll get to that.

00:35:10.780 We'll get to that.

00:35:11.260 No, good.

00:35:11.480 Hold your horses.

00:35:13.140 So, yes, the people in the pub locked the doors.

00:35:17.060 Otherwise, the Muslims would have come in and caused a lot more problems.

00:35:21.140 And then the BBC's reporting on this was very interesting.

00:35:24.160 So, here's Phil Mackey from the BBC.

00:35:27.640 There have been some disturbances within the past hour and a half in Birmingham after hundreds of people gathered in the Bordersley Green area of the city following false reports of a march that was planned in the area.

00:35:36.960 They at least got that part right.

00:35:38.880 Several vehicles and pubs have been attacked by groups of youths, just groups of youths, who broke away from the main demonstration and were wearing masks and carrying weapons.

00:35:46.760 So, of that main demonstration, did those people look any different to the people in that Sky News report or the people that were moving through with the cars?

00:35:55.800 It all looked pretty similar to me.

00:35:58.060 It seemed like it was the same people.

00:36:00.020 And they're just calling them groups of youths.

00:36:02.420 It wasn't masked groups of armed Muslim men.

00:36:06.280 No, just youths.

00:36:07.600 And then, to answer your question, Stelios, first of all, Liz Truss pushed back against Jess Phillips's original claim that they came to the location to defend them.

00:36:21.780 And Liz Truss says,

00:36:22.480 Astonishing a Home Office minister is excusing masked thugs.

00:36:26.200 She must retract this statement and the Prime Minister must urgently commit to protect the safety and freedom of everyone in our country.

00:36:31.780 So, it's worth mentioning as well that Jess Phillips wrote a letter to Rishi Sunak because Liz Truss appeared on Lotus Eaters.

00:36:39.620 So, this is Liz giving her a little in return.

00:36:43.040 So, well done, Liz.

00:36:44.300 You know, sticking up for the Lotus Eaters and everything.

00:36:46.660 It's such a marked example of the difference in culture.

00:36:50.040 Because these far-right riots that we've been hearing about, yeah, we don't condone them.

00:36:55.200 We don't say that they're a good thing.

00:36:57.600 You know, criminal damage is never a good thing.

00:36:59.120 But what they were doing is basically, you know, damaging property.

00:37:04.840 It was like hotels and, you know, police centres and stuff like that.

00:37:08.140 They were not pouncing on the first Muslim-looking chap they could find and then beating him half to death with 20 of them.

00:37:14.540 They just didn't do it.

00:37:15.960 But this group, that's exactly the first thing they did.

00:37:19.380 Exactly.

00:37:19.940 So, it's also worth mentioning as well that Jess Phillips is currently the Parliamentary Undersecretary of State for Safeguarding and Violence Against Women and Girls.

00:37:28.140 The irony of her defending Muslims is palpable.

00:37:32.760 So, she's also had to clarify, to be clear, all day rumours have been spread that the far-right groups were coming and it was done entirely to get Muslim people out on the street to drive this content.

00:37:45.540 It is misinformation being spread to create trouble.

00:37:48.400 So, people have deliberately set up campaigns just to smear these poor innocent Muslims.

00:37:54.260 Oh, they're so innocent with their machetes and their, you know, cutting tyres.

00:38:00.500 And also, it's an incredibly patronising view because it basically says that the Muslims don't have any agency of their own.

00:38:07.180 They are just simply blank autobotants who can be easily programmed by messaging.

00:38:13.240 Yes.

00:38:13.540 You're winning me round, Dan.

00:38:17.680 And then she also said, this is in response to, do you think that gives them a right to assemble on the street, all tooled up?

00:38:23.940 And she said, no, anyone committing criminality should face the law.

00:38:26.900 But it's important that the facts of why people are congregating and how it is done on purpose in order to keep driving this dissent to create content.

00:38:34.460 This is obviously a bit of a conspiracy theory because it was just that people were sharing stuff around falsely.

00:38:40.580 She probably did it and doubled down or something.

00:38:42.480 I'm not entirely sure.

00:38:43.780 It's very organised and very ugly.

00:38:46.020 I haven't seen any evidence to suggest this.

00:38:49.520 And no one else is really alleging it.

00:38:51.000 She's the only person I've seen that suggested this sort of thing.

00:38:54.960 But look at the first sentence.

00:38:56.480 She says, nope, and anyone committing criminality should face the law.

00:39:00.100 But it's important that the facts of why people are congregating.

00:39:03.300 She doesn't seem to extend this to the English people.

00:39:07.040 No, of course not.

00:39:07.820 She doesn't seem to do this.

00:39:08.920 And I think that this is very interesting because it all comes down to how they understand victimhood.

00:39:15.460 In the minds of most people, the victims are the victims of the murders and the attacks in South Point.

00:39:23.640 But in the mind of Keir Starmer and Jess Phillips and woke ideologues, it seems that victimhood is a social status.

00:39:30.740 And it means higher class.

00:39:33.860 It's like the Norm Macdonald joke of he was, I'm worried about New York being attacked by a dirty bomb because, you know, millions of New Yorkers will die.

00:39:42.800 And the blowback against innocent Muslims will be the worst part.

00:39:47.580 You know, I'm butchering the joke.

00:39:48.940 Obviously, I'm not Norm Macdonald.

00:39:49.900 It's preferential treatment.

00:39:51.600 And that is why it's contradictory when she says, on the one hand, everyone who is a criminal should face the law.

00:39:58.240 But on the other hand, she applies this general statement with a double standard.

00:40:03.200 So anyway, I need to get through these very quickly.

00:40:06.020 So we can't dwell on it.

00:40:07.180 She also said, had spoken to police and pub staff at sites of violence tonight.

00:40:12.600 Pub has been visited by lots of lovely communities, sending solidarity and locking up for the night as usual.

00:40:17.540 So at least, you know, the pub was largely OK.

00:40:20.860 But obviously not a lot is going to be done to the attackers.

00:40:23.760 It's also worth mentioning as well that some Muslims visited the pub last night after it was attacked to apologize for the actions of their community.

00:40:33.180 So obviously, these people who were there to apologize probably felt a bit different.

00:40:39.160 But nevertheless, there's still a sizable portion of the Muslim community that are violently attacking English people for being English, attacking pubs for being English, stopping cars in the street for being English.

00:40:50.360 So it doesn't really change anything.

00:40:52.380 You know, a few people apologizing.

00:40:54.300 Well, tough luck.

00:40:55.660 You know, if the majority of your community behaves like that, don't be surprised that people aren't going to be hospitable to you, even if some of you do apologize.

00:41:05.160 So also they chased out journalists.

00:41:08.460 Here's Fraser Knight of LBC saying that he couldn't stay there because he was chased away and made to not feel welcome.

00:41:15.460 Another journalist here, Jane Haynes.

00:41:16.960 He doesn't say because he's white, but yeah.

00:41:18.780 Also got chased out of the area.

00:41:23.560 So these people, quite left-leaning, right?

00:41:27.740 Yeah.

00:41:28.120 Got driven out.

00:41:29.040 They're saying, hey, this is actually what happened.

00:41:31.340 So some actual journalism going on.

00:41:33.340 But that is not all.

00:41:34.600 In my home city of Plymouth, there were protests as well.

00:41:41.220 And let's have a look at them because this is all along Royal Parade, which is the main place where you get sort of buses internally into around Plymouth.

00:41:52.920 And I've spent many, many hours sat waiting for buses here that usually don't turn up.

00:41:58.320 Also, there's a very good bus service that goes out to Dartmoor.

00:42:01.000 Good day out.

00:42:02.060 But anyway, this was a very big protest.

00:42:04.940 So you can't really get it from the people walking along here.

00:42:07.560 But you can see at this part of the street, it's going all the way from the center here along up here.

00:42:16.380 And this is later on down the line when there starts to be a bit more trouble.

00:42:19.980 It starts getting a bit more rowdy as it gets more crowded.

00:42:24.240 I'm going to turn the volume off just because it's loud.

00:42:26.760 But yes, lots of people starting to get a bit agitated.

00:42:29.480 And we'll see why that is in a second.

00:42:31.120 And so just to give you a sense of scale, that first video you saw, people were walking along down this part of the road, if you're looking at the mouse.

00:42:43.200 And then that angle was up here.

00:42:46.280 And if we have a look at the street view, just to show you, there's got to be many thousands of people here because all of this area, there's not that tent there.

00:42:58.440 That's a seasonal thing.

00:42:59.580 There were people all around here, stretching all the way up to the roads.

00:43:03.960 It's a big space to fill.

00:43:05.760 Yeah.

00:43:06.360 And then they were all the way down there as well.

00:43:09.120 And this area where the camera is, the Civic Center Plaza, normally has lots of skateboarders in.

00:43:15.740 But this was where the leftists were and Islamists, it turns out.

00:43:19.940 A nice sunny day instead.

00:43:21.340 That's better.

00:43:22.140 So you get a better view here.

00:43:24.040 So you can get a sense of the scale.

00:43:26.240 And this is the Guildhall here, which becomes important because there is a church behind this.

00:43:31.740 And we'll see some scenes of that in a second.

00:43:34.680 Interesting that there's a police car there.

00:43:36.500 But back this way is the waterfront area where you see the lighthouse.

00:43:42.180 And you've got lovely putting greens and a bowling green.

00:43:45.960 It's all very quaint, very nice.

00:43:47.240 It's where all the tourists go.

00:43:48.560 And you can sit on the grass and admire.

00:43:50.500 Lovely sea view.

00:43:51.780 Spent a lot of time up there.

00:43:53.560 So first of all, I want to salute my Plymouth brethren and say, get on you, Janners, for this one.

00:44:02.520 Communist scum, off our streets.

00:44:06.280 Communist scum, off our streets.

00:44:09.200 Communist scum, off our streets.

00:44:10.800 Are they talking about the police?

00:44:12.720 No, they're on about the refugees welcome people at the other side of the picket line.

00:44:17.320 Oh, I hate those guys.

00:44:18.760 Yeah.

00:44:19.440 But they're just saying, you're communists, you're scum, we don't want you here.

00:44:24.200 Which is nice to hear from people who are largely not politically engaged normally.

00:44:29.740 I mean, it starts with pronouns and communism and it ends with biker gangs and violence.

00:44:37.180 So it's also worth mentioning that the temporary leader of UKIP, Nick Tenconi, was there.

00:44:43.900 He was in Plymouth and we're going to play this because the left started launching bottles and things at them.

00:44:53.940 And they were pointing out that, by the way, it's worth mentioning that they're by the church here.

00:44:59.640 A lovely church.

00:45:01.160 And they're stood up there launching stuff at people from the church ground whilst being protected by the police who were doing nothing.

00:45:08.820 Oh, of course.

00:45:10.460 But in that same area, when people got agitated that they're having missiles thrown at them, police dogs were, it's difficult to tell actually whether they're being used because they still have their muzzles on.

00:45:24.600 And I'm not sure whether the dogs were just getting overly excited because you can see the dog goes for him and then the guy pulls him right back.

00:45:31.300 And then there's another police, a police dog officer, I don't know what they're called, canine officer, who's holding the collar of the dog, trying to keep them away.

00:45:40.560 So it could just be that the dogs were out of control here because a lot of people were just kind of stood there.

00:45:46.500 Well, the left is throwing bottles out of control.

00:45:48.280 And as you say, the police are just guarding them.

00:45:49.960 So there were also a few drunk people.

00:45:55.100 This guy on the live stream that I watched was constantly drunkenly going up to the police and just being a little bit of a nuisance.

00:46:03.820 And there was a sort of view of, we'll give you a little tap if you get too close, but we'll humour you.

00:46:09.140 We won't arrest you.

00:46:09.960 He's obviously just drunk and being silly.

00:46:12.340 It's the sort of, it feels strange to call it a lighter touch.

00:46:17.900 There's a big difference in scale here.

00:46:19.720 You know, the white guys are getting a bit drunk and having a bit of a wobble.

00:46:24.360 And as we saw earlier in your segment, the Muslim guys are basically attacking people en masse and beating them.

00:46:30.340 Yes.

00:46:31.040 So this guy, I think, was being humoured a little bit by the police.

00:46:35.260 And I think that they didn't need to hit him with the riot shield.

00:46:38.280 I think that's a little bit unnecessary.

00:46:41.300 But it does seem like he was being a bit aggressive.

00:46:45.700 But still, I don't think it should have happened.

00:46:49.420 And then this, this, when I first saw it, I watched this happen live, made me feel sick.

00:46:55.020 So this is the waterfront, the lovely touristy area.

00:46:58.340 And at the minute, they're on the putting greens and the sort of green where people play football and have like barbecues with their family.

00:47:04.960 And I'm going to play this.

00:47:07.440 So just to tell you what's happening here, the protests have moved up to the waterfront.

00:47:14.120 There's the leftists that are being pushed back down to where they were previously protesting.

00:47:19.520 And then the right wingers, I think, are following up behind the police line.

00:47:23.040 And so the police have then turned to the left and bottles are being thrown over the police at the left wingers to get rid of them.

00:47:30.780 And why is that, you might ask?

00:47:33.400 Well, wait and see.

00:47:35.580 See the people at the right wingers, there.

00:47:56.340 They're shouting at all the wagwara.

00:47:57.760 Look, they're running past.

00:47:58.580 So basically, a bunch of people with knives shouting Allahu Akbar.

00:48:07.640 There weren't that many of them because it's Plymouth.

00:48:09.840 Plymouth is 95% white.

00:48:12.740 And the next significant demographic after that is Chinese who commit even less crime than the natives do.

00:48:21.180 And so...

00:48:21.840 So a place that is 95% white is still getting...

00:48:25.380 So yeah, nowhere is safe.

00:48:26.920 So what was happening with the riot police in that?

00:48:29.140 I couldn't quite...

00:48:29.600 They were just...

00:48:30.640 We'll get to that in a second.

00:48:32.000 So they're slowly pushing them out.

00:48:33.400 Oh, fucking hell.

00:48:34.660 At least that's what it seems to be happening.

00:48:37.920 The riot police are trying to push the Islamists back around.

00:48:40.700 It seems like it, yeah.

00:48:42.900 Okay.

00:48:43.580 I mean, that seems unusual.

00:48:44.600 I mean, I thought they would just immediately slam a white woman to the ground and stamp on her or something.

00:48:50.000 This is a largely white majority area, don't forget.

00:48:53.040 It's amazing what that can do to the culture.

00:48:56.280 But yes, the interesting thing is, this guy who's filming then goes and tells a police officer about it.

00:49:04.280 There's been reports that two of the lads out there, one in a black tracksuit, one in clay, are carrying knives.

00:49:16.700 It's not a lot you can do, though, is it?

00:49:18.220 I don't agree.

00:49:18.700 I wish I could.

00:49:19.460 I know.

00:49:20.200 I'm just saying, be careful for your safety as well.

00:49:22.420 So, he said, there's not a lot you can do, really, is there?

00:49:27.260 And the riot police were just like, yeah, not really.

00:49:30.240 It's like, eh, whatever.

00:49:31.760 Just accepting it, really.

00:49:33.360 Which I don't think is acceptable.

00:49:35.200 I don't think you should accept that there are Muslims on your streets with knives chanting Allahu Akbar.

00:49:41.420 Yeah.

00:49:41.540 That isn't an acceptable thing to have on our streets.

00:49:45.500 I don't think the police should be saying that.

00:49:47.460 I think they should be treating them with the full force of the law, going in, arresting them immediately.

00:49:52.440 That's what they should be there for, right?

00:49:55.900 So, it's worth mentioning other things that happen to Muslims as well that is only going to see a greater reaction.

00:50:03.880 So, Muslim graves have been covered with white paint in Burnley.

00:50:08.920 And then, I don't know the origin of this video, but it's being shared around anyway, of a Muslim man holding an AK saying that he's coming for the EDL.

00:50:21.720 I should probably play the audio so, you know.

00:50:23.480 We're a bit of a time machine then.

00:50:25.060 Yeah, I know.

00:50:26.480 Let's have a look.

00:50:28.460 Let's have a listen, shall we?

00:50:31.500 If it plays.

00:50:32.500 I might have to refresh it.

00:50:34.060 Thanks, Twitter.

00:50:35.440 But, would it be fair to say the upshot of your segment is that this thing is not really calming down?

00:50:44.120 Yes, it doesn't seem to be.

00:50:45.600 In fact, it seems to be ramping up.

00:50:47.360 Because most of this is from yesterday, isn't it?

00:50:49.580 Yes, it's Monday.

00:50:50.620 They're coming to fucking blow you away, you motherfuckers.

00:50:55.240 There he is.

00:50:56.680 Lovely culture, gentlemen.

00:50:57.800 But yes, I basically watched all of the events, both in Birmingham and Plymouth.

00:51:02.500 All night last night, from start to finish.

00:51:05.260 And my sort of takeaway from it is that in areas where the Muslims are a majority or a significant portion, they are going to be a violent menace to any native British people they come across.

00:51:19.120 That's what seems to have happened in Birmingham, where they indiscriminately attacked random British people purely for being British.

00:51:24.880 It was just us versus them.

00:51:26.960 And in areas like Plymouth, where they are vastly majority white, it seems like the Muslims are in such a small proportion that, you know, a few people lobbing bottles at them can drive them away.

00:51:39.760 If that's what happened.

00:51:40.840 It's difficult to tell with the graininess of the footage.

00:51:43.220 But I mean, I'll just say this again, Starmer's deliberate escalation of this and giving the Muslim, the belligerent Muslim community, a pass to do whatever the hell they want, because they would not be policed and only the other side would be, has led to the inevitable escalation.

00:52:02.820 And it is going to get people killed.

00:52:04.680 It will.

00:52:05.140 What do you think, Stalios?

00:52:06.060 I just think that this is not a kind of society that any person would want for their kids.

00:52:13.180 No.

00:52:13.400 There is the meme of the person who stands in front of Rome burning saying, you know, but how does it affect me?

00:52:19.340 I think some people may think this way, but if people think of having kids, they don't want this for their kids.

00:52:26.820 So I don't want to live anywhere.

00:52:29.000 It doesn't matter where it is anywhere on the planet where just gangs just can go out and just indiscriminately start hitting people because the prime minister or the main politician of that country took a side with whatever gang in advance as far as law enforcement is concerned.

00:52:51.920 It's just, it is absolutely regressive.

00:52:56.500 It shows entirely arbitrary governance.

00:52:59.160 And this is why I called so-called progressives actually regressives.

00:53:02.660 They're taking us back to centuries ago.

00:53:06.200 So my sort of takeaway is that there's going to be a tit for tat exchange in violence, which is going to escalate.

00:53:12.740 And I don't think that this is going to end anytime soon.

00:53:17.840 Should we go to the rumble comments?

00:53:19.460 Oh, sure. Sorry for going a bit long there. I had a lot to get through.

00:53:22.900 It's not every day that your country burns, is it?

00:53:25.340 I mean, it's a topic that is ripe for discussion.

00:53:29.320 So Ridge64 says, wrong segment.

00:53:32.680 They pay foreigners for free stuff with the fractional reserve system.

00:53:37.140 Take it away from them with a bank run.

00:53:40.680 Tombolo says, what's Starmer doing to ban the Spanish Armada?

00:53:43.860 Can the coastline be guarded from these far-right invaders by the MDL?

00:53:47.460 Well, Plymouth is a very important place.

00:53:52.200 You know, we defeated the Spanish Armada there once in a very resounding victory.

00:53:55.900 We can do it again.

00:53:57.720 Axis the Eternal.

00:53:59.000 I've never seen a white versus non-white fight that was fair 1v1.

00:54:02.960 They always come in a gang, get cheap shots in the back, in the head, and all run away.

00:54:07.400 Don't engage in street fights or turn your back.

00:54:09.800 No, I wholeheartedly agree.

00:54:11.600 Don't engage with these sorts of things.

00:54:13.140 Because it's incredibly dangerous.

00:54:16.740 You know, you get hit in the head, fall over, hit your head, you're dead.

00:54:20.160 I suggest you read some of them before you say them.

00:54:24.620 Is there a, which one's naughty?

00:54:26.900 No, just be cautious.

00:54:29.160 Okay, Islam is not just a religion.

00:54:34.540 It's a creed, a political party, a mob all at the same time.

00:54:40.040 It can't be changed.

00:54:41.640 Same goes for many of its followers.

00:54:43.440 Keep calm and carry on.

00:54:44.540 That's what someone said.

00:54:45.880 Someone else says, I fled years ago to the Peak District, which itself is getting worse.

00:54:53.620 But that pub from the video in Birmingham is my dad's local.

00:54:56.760 The people who did that are probably his neighbors.

00:54:58.920 It's horrifying.

00:54:59.940 It is horrifying.

00:55:01.140 And thank you for the donation.

00:55:04.380 Yeah, hope your dad's okay.

00:55:06.100 That's a random name says, just a reminder that the, I can't read that.

00:55:11.700 Sorry, that's a random name, but that will get me in trouble.

00:55:14.260 Even though that is fair, but the subtext is obvious.

00:55:21.200 Keir's actions are like those, are Palpatine, increase the escalation to then give yourself

00:55:25.420 temporary emergency powers and then become the first galactic emperor.

00:55:29.000 Looking at you, Klaus.

00:55:30.380 What is Order 65?

00:55:31.860 What was it?

00:55:33.380 I think that's banned the EDL, isn't it?

00:55:35.220 Order 65.

00:55:36.000 No, what was the Palpatine?

00:55:38.680 Execute Order 66.

00:55:40.080 Yeah, 66.

00:55:41.280 Okay.

00:55:42.340 Kalev Knight says...

00:55:44.260 Samson was not happy.

00:55:47.280 Before, Leadflies, could you bring back full plate armor?

00:55:50.260 I mean, I just want more suits of armor more generally.

00:55:52.640 But anyway, sorry, Stelios.

00:55:55.020 I've overran.

00:55:57.160 Oh.

00:55:58.340 I have stuff here.

00:55:59.980 Never mind.

00:56:00.560 It's not working.

00:56:01.200 I'm throwing you off.

00:56:01.900 It's not working.

00:56:02.780 Here, I'll give you my mouse map.

00:56:04.200 Okay.

00:56:04.800 I bestow upon me my mouse map.

00:56:07.200 Let's see if it works.

00:56:08.800 Right.

00:56:09.260 It does.

00:56:10.000 Okay.

00:56:10.440 There you go.

00:56:11.020 Thank you.

00:56:12.720 Have a second, everyone.

00:56:14.840 Here it is.

00:56:16.400 I'm looking forward to this one.

00:56:17.380 This is going to be a good one.

00:56:18.600 Right.

00:56:19.460 So we live in very ironic times.

00:56:21.840 The project of European integration and European solidarity is marching on.

00:56:27.180 And it seems very successful.

00:56:29.100 But the irony is, it's very successful among the European patriots, among those who call

00:56:35.380 for national sovereignty, those who wave their flags proudly, the people that you wouldn't

00:56:41.480 expect to promote European solidarity if you watched just mainstream media.

00:56:47.440 Here we have an interesting post from Visegrad24 about the percentages of respondents from European

00:56:56.840 countries who want less migrants.

00:56:59.220 And if you see here, you'll see that almost everyone says it's too many.

00:57:05.820 Isn't democracy wonderful, Stelios, that almost everyone is just like, yes, a significant

00:57:11.460 portion as well.

00:57:12.620 Yeah.

00:57:12.820 Averaging at about, what, 70% maybe?

00:57:15.620 And the parts that are slightly less in favor of it are parts that receive far less immigration.

00:57:21.860 Yes.

00:57:22.440 Well, the politicians are the direct inverse of this.

00:57:25.660 Yes.

00:57:25.920 And one thing to say about democracy really quick is that democracy to work requires a

00:57:31.160 common culture.

00:57:32.800 Democratic multiculturalism is a very weird thing.

00:57:37.180 It's contradiction in terms.

00:57:38.320 Aristotle talks about it, doesn't he?

00:57:39.200 And it's actually a very prophetic quote.

00:57:42.060 And Aristotle's sort of on the money that you can't have democratic rule if you don't

00:57:47.200 have a native culture.

00:57:50.320 Exactly.

00:57:50.660 And he does say that tyrants are tyrant, those who are going to side with foreigners against

00:57:56.140 their own people.

00:57:56.980 I'm just going to let this hanging.

00:57:58.620 That's Aristotle from politics.

00:58:00.900 Right.

00:58:01.300 So you see here, Spain is a country of first reception.

00:58:05.660 It's 70%.

00:58:06.900 Italy, 74%.

00:58:08.720 Cyprus, 84%.

00:58:10.460 And Greece is 90%.

00:58:13.080 Well, that's because Greece is right on the front line.

00:58:15.760 You're like the, you know.

00:58:17.680 It's like Osgiliath.

00:58:21.440 You're like the Spartans at Thermopylae, aren't you?

00:58:23.860 They're holding off the hordes of barbarians.

00:58:26.580 Yes.

00:58:26.980 So we had some very interesting scenes of people coming together these last few days.

00:58:33.180 People that we wouldn't expect to see them together.

00:58:36.320 So here we have a very moving scenes by people who wave Irish and English flags and also Union

00:58:43.620 Jacks.

00:58:43.900 The Northern Irish flag.

00:58:45.160 Yes.

00:58:46.120 That we can see here.

00:58:48.160 Would you ever, would you expect to see this?

00:58:51.020 I didn't expect to see this.

00:58:52.320 I have seen this video, but before this, I thought that this was unthinkable.

00:58:57.060 I think it's one of the most heartening things about everything that's going on at the minute

00:59:03.260 is that in Europe, at least, all of the patriotic people are siding with each other.

00:59:11.080 You know, in France, the Netherlands, Germany, England, Ireland, we're all sticking up for

00:59:18.000 each other and we're saying, we want you to have your own countries.

00:59:22.740 We've realised that our differences are not so stark compared to those of the people being

00:59:28.000 imported into our countries.

00:59:29.220 Actually, we realise that we can coexist with other Europeans, that Europeans and other

00:59:34.000 Europeans, we're fine, right?

00:59:36.680 Yes.

00:59:37.140 Take the French, for example.

00:59:38.640 They are, of course, based via occurs, but I want them to persist.

00:59:42.580 You're not helping.

00:59:43.500 No, no, no, I am.

00:59:46.360 It's part of the banter.

00:59:47.900 Yes.

00:59:48.820 Despite the fact they are, of course, the ancient enemy, I still want them to be there doing,

00:59:53.820 you know, in France, doing the French stuff.

00:59:56.480 I think there's this level of sentimentality that also Americans and Canadians and Australians

01:00:01.600 have for Britain.

01:00:02.960 And of course, vice versa.

01:00:04.240 I've got a lot of fondness for those countries as well.

01:00:06.460 I want you all to succeed because many of the people who watch this show are some very

01:00:11.680 lovely people and you don't deserve to live in a country that tyrannises you.

01:00:16.840 Exactly.

01:00:17.120 So what I'm going to do with this segment is I'm going to show you a lot of European solidarity

01:00:22.680 among nations.

01:00:24.740 And we are going to talk a bit about the notion of European identity because European identity

01:00:31.320 can coexist with national identity without having to squash it, as multiculturalists are

01:00:38.220 saying, especially those who run the EU.

01:00:40.440 So we have here trouble in Ireland.

01:00:44.100 There was civil unrest there.

01:00:46.780 You have the police was again about to crack down protests against mass migration.

01:00:53.700 The same thing that we see over here.

01:00:57.600 Do you have the clip from Northern Ireland where you have the woman speaking on a tannoy

01:01:02.980 saying, live rounds will soon presume, please disperse from the area in the most dystopian

01:01:09.500 thing I've ever heard?

01:01:11.260 Not live rounds.

01:01:12.700 Like live rounds would imply real bullets.

01:01:15.360 But I don't, but I'm going to have it here.

01:01:18.140 And it seemed like that seemed like a psyops video because it was just basically a square

01:01:23.360 with a very small square covered with four, with vehicles from four sides.

01:01:30.520 And essentially there was no one there to walk.

01:01:33.420 Well, I did also find, I think it's that video in the top right there, if you can click

01:01:37.560 on it and play it.

01:01:38.460 Yeah.

01:01:40.980 This one.

01:01:41.880 Yes.

01:01:42.340 Where they're throwing molotovs at the vehicle.

01:01:44.340 And then eventually they say, can you leave?

01:01:46.680 It was very.

01:01:47.860 Attention.

01:01:48.580 Attention.

01:01:49.440 This is a police message.

01:01:51.520 The crowd should disperse immediately as force is about to be used against violent individuals.

01:01:57.320 This is like an elevator voice.

01:02:01.300 It's so dispassionate.

01:02:01.900 That's the exact voice that you get at Heathrow Airport, I'm pretty sure.

01:02:05.400 Yeah.

01:02:06.640 To be fair.

01:02:06.900 Ground floor.

01:02:07.960 Yes.

01:02:08.500 To be fair, if someone used force against me at Heathrow Airport, I'd just be like,

01:02:11.760 oh, finally put me out of my misery.

01:02:13.900 Here we have Union Jacks and Irish flags held up together outside City Hall.

01:02:19.680 Huge symbolic significance.

01:02:21.340 This will cause more concern to any globalist government than rioting or public disturbances.

01:02:26.800 People standing united equals power.

01:02:29.580 I think that this is really important because, you see, I think progressivism is basically

01:02:35.060 a divide and conquer strategy.

01:02:36.980 If you abstract from the particular beliefs that some progressives have right now, it is

01:02:42.220 a divide and conquer strategy.

01:02:44.020 And you try to play divide and conquer against a potentially or actually united front of people

01:02:50.780 who can be a threat to your agenda.

01:02:53.780 Well, the intersectional ideology is like how you maximize that strategy, isn't it?

01:02:58.560 Because it's like race, religion, blah, blah, blah, blah.

01:03:01.300 All the demographic categories get their own special treatment.

01:03:04.440 And all it does is fracture people into smaller and smaller groups to be controlled.

01:03:08.280 Exactly.

01:03:08.740 And we are constantly bombarded by the message that civil society, European identity and European

01:03:15.000 culture is irredeemably bad.

01:03:17.720 And it requires a massive state to intervene and allow room for people to breathe.

01:03:23.700 But that in practice means that we have European governments who are essentially trying to squash

01:03:32.700 national identity.

01:03:33.940 And the people are not having it.

01:03:35.540 So we see here also in Belfast, Irish and British nationalists are standing side by side protesting

01:03:43.000 against mass immigration while the left tries to shut them down.

01:03:47.520 Tricolor and Union Jack on one side, rainbow flags and Antifa flags on the other.

01:03:53.040 And Palestinian ones.

01:03:54.280 Yes.

01:03:55.820 The unholy alliance.

01:03:56.860 That's interesting because if you bear in mind the notion of European solidarity has been

01:04:02.140 almost entirely used by the left, almost entirely used by progressive multiculturalists who really

01:04:09.400 despise national identity within Europe, whereas they seem to promote the interests of identities

01:04:16.120 from outside Europe.

01:04:17.560 So I've been toying with the notion of simplifying all of my political thinking down to the level

01:04:24.260 of decent human beings versus dysgenic perverted freaks.

01:04:31.200 I don't know if I would put it in those terms.

01:04:34.880 And I don't think if these categories help.

01:04:37.580 But I think that it's ultimately cultural.

01:04:39.160 It kind of looks like it there, doesn't it?

01:04:40.400 You could say that among European cultures, you have a lot of cultural continuities.

01:04:46.480 There are some cultural discontinuities.

01:04:48.380 But for the most part, a lot of European cultures are continuous with each other.

01:04:52.580 In a way that there are discontinuities with...

01:04:54.900 But good-looking people versus perverts and freaks.

01:04:58.760 I mean, it does seem to be the root of all of the left-right division, doesn't it?

01:05:03.740 Well, I don't know.

01:05:04.800 Well, let's see.

01:05:05.820 We have this post here by Killian.

01:05:09.520 Keir Starmer has only been in office for one month and already there's been Roma gypsies

01:05:13.900 rioting in Leeds, children fatally stabbed in Southport, and now riots across the UK with

01:05:19.180 Catholics and Protestants uniting against him in Northern Ireland.

01:05:23.460 He won't last for much longer.

01:05:26.000 So the people are not having it.

01:05:28.560 The rhetoric of division, of hatred, of the irredeemably bad people within Western countries,

01:05:37.080 it just doesn't convince people anymore.

01:05:39.540 And here we have a lot of people from Vienna, July the 20th, campaigning on this message,

01:05:48.280 the kids want remigration.

01:05:51.100 Now, from the European authorities, the EU authorities, the bureaucratic ones, this is portrayed as a

01:06:00.160 racist message, but people are fed up with this idea.

01:06:03.480 They're fed up with the notion that if you just care about the safety of yourself, your

01:06:08.040 kids and your family and your neighbours, and also your compatriots, you're a bad person.

01:06:13.560 It's completely annoying, tiring, and no one cares about it anymore.

01:06:18.440 We're going to see this message a lot more because ending immigration is not quite enough

01:06:22.540 because the level of migration already here is indolerable.

01:06:28.060 Yes.

01:06:28.320 And you can say that a lot of people who should be deported aren't deported on the basis of

01:06:32.740 fake and phony abuses of the rhetoric of human rights.

01:06:37.300 And many countries have done it before.

01:06:38.820 India did it.

01:06:39.420 They kicked out people who weren't Indian.

01:06:41.340 Dan, you see here the French are trying to post something to your liking.

01:06:48.980 England for the English.

01:06:50.320 Ah, yes.

01:06:50.660 France for the French.

01:06:51.600 Here, here.

01:06:52.360 Do you approve this message?

01:06:54.900 Yes, that is correct.

01:06:56.400 Well done.

01:06:56.820 Well done, you French people.

01:06:58.140 Yeah, we have in Toulouse, in France, solidarity to the victims of the Southport stabbings,

01:07:07.840 to the victims that lost their lives because there are more victims.

01:07:11.560 And they have posters there in Toulouse saying European lives matter, Southport.

01:07:18.060 I don't see what...

01:07:18.980 Can you imagine what you would get if you put up a post like that in this country?

01:07:22.160 You've been jailed for like five years.

01:07:23.640 Yeah, well, stickers is enough, apparently.

01:07:26.980 I think, though, that a lot of people are trying to, are using that rhetoric even more

01:07:32.100 because the demonization of civil society has just, is just making people more angry.

01:07:38.840 It doesn't, it doesn't make things less angry.

01:07:41.480 And we saw by Keir Starmer's address that he wasn't remotely interested in de-escalating

01:07:46.900 the situation.

01:07:48.040 No, he's very interested in escalating it.

01:07:49.720 Yeah, see, we also have here another post by someone from France.

01:07:54.340 He's talking about the beginnings of racial civil war in England.

01:07:58.280 He says, hordes of migrants attack natives with politicians and media along with them.

01:08:02.960 The native people are left to fend for themselves, as in France.

01:08:06.500 The European people must react or die.

01:08:08.780 So there is a sentiment of European solidarity on the basis of a common threat.

01:08:14.160 This is a bit unfortunate that sometimes, you know, you, people recognize what common they

01:08:20.280 have when they have common threats, but that's human nature, that's history, and that's where

01:08:24.820 we are right now.

01:08:26.120 So we are going to talk about some patterns, some patterns that we notice among a lot of

01:08:32.880 European nations.

01:08:33.900 And I'm not afraid to notice them, and I'm not afraid to speak about them.

01:08:38.260 And you will see that essentially you have people talking about the same thing, about

01:08:42.940 crimes, and you have a whole establishment using media and all other institutions trying

01:08:48.100 to quell, trying to use a narrative that is going to stir the direction yet again towards

01:08:53.860 an empty abstract multiculturalism that erodes national identity, erodes any kind of identity

01:09:00.480 and treats nations as geographic regions.

01:09:03.360 We have here some, we are going to talk about Ireland, France, and Germany, and we are going

01:09:10.560 to draw some similarities.

01:09:11.760 So here we have, this is old news.

01:09:14.480 This is from November 25, 2023.

01:09:18.180 We have by Colin Rugg, Irish Prime Minister Leo Varadkar vows new hate speech laws in response

01:09:25.800 to the doubling riots after a migrant stabbed multiple people.

01:09:30.280 What a coward.

01:09:31.200 So again, we have the same thing.

01:09:32.460 We have stabbings from someone, from a migrant, and we have a whole apparatus of political

01:09:40.740 leadership that goes and virtue signals compassion, but compassion in words that doesn't translate

01:09:48.400 into action is fake compassion.

01:09:50.660 The response to these attacks where you're definitely not going to think of this in any

01:09:57.700 way that suggests that our project of multiculturalism is to be criticized or rejected.

01:10:04.040 Personally, I reject it and criticize it.

01:10:07.980 So we have here again, the apparatus in the Irish Times started talking about the far right and

01:10:18.640 the right and how this is going to be projected.

01:10:23.080 Now, one thing to say is that the Irish people have said no to migration multiple times, and

01:10:30.420 they had also referendums on the 8th of March, and a lot of people were saying that they weren't

01:10:38.700 about migration, but you can say that they are, because what happened is that they had both the family

01:10:46.040 and the care referendum, and they lost 67% on the first one, on the family amendment, and 74% on the

01:10:54.840 care amendment.

01:10:57.520 Now, let me say why this is, this can be about immigration, and this was precisely going to be used

01:11:03.560 about mass migration, because what they tried to do, if you look at both referendums, is essentially

01:11:10.180 create a facade of legitimacy for arbitrarily defining who requires economic support, by arbitrarily defining

01:11:18.100 who is a member of a particular family, by defining families as durable relationships.

01:11:25.060 So that was all about creating a facade of legitimacy for arbitrarily extracting economic resources from

01:11:35.640 the Irish people in order to host a lot of immigrants that come to Ireland with all the mass migration

01:11:45.580 policies that the EU is being promoting.

01:11:49.060 Now, here, let's go to France. In France, we had a very unfortunate incident last year.

01:11:55.300 Oh, this is horrific.

01:11:56.300 This one.

01:11:57.300 8th of June, 2023. I remember, you know, everyone was sick when we watched it. It was just horrific,

01:12:04.180 as events are now. And obviously, we're not going to show things, because they're very violent,

01:12:10.720 we had one person who went, a 31st-year-old Syrian, who had refugee status in Sweden, and tried three

01:12:18.140 times to gain a sort of status in France, but was rejected, and went in the park and stabbed a lot of...

01:12:26.700 He was just running around stabbing children and babies.

01:12:29.220 Yes. And the response here was just insane. We have here people saying, this is David Moore saying,

01:12:39.060 this is not an immigration issue. This is about the appalling knife epidemic in France.

01:12:43.780 Did you know that a man who was born in France once stabbed someone? So what this illustrates,

01:12:50.860 and a lot of people who are uninitiated into the ways of argumentation do, and especially leftists do it,

01:12:57.320 is ignoring the distinction between possibility and probability. Yes, of course, there are people

01:13:02.700 who are natives, and they stab other people who are also natives, or non-natives. The question is

01:13:09.340 one of probability. And I want to Josh-splain it here.

01:13:13.200 Hey, it's me.

01:13:14.680 So here we have one of the big moments, or one of the interesting...

01:13:20.440 This has been shared far and wide.

01:13:22.900 Yes.

01:13:24.420 Do you want me to read it?

01:13:25.180 No, I want... Could you please tell us what? That someone, Tariq Nasheed, couldn't understand

01:13:31.080 the idea of a representation of some...

01:13:34.560 So he was saying, cherry-picking black crime articles to repost on Twitter all day to justify

01:13:39.480 a pre-existing anti-black hatred as a form of white supremacy. And I just posted some FBI crime

01:13:45.000 statistics at him. 14% of the population and 51.2% of murders, and 52.7% of the robberies,

01:13:50.700 the numbers don't lie. I'm saying, hey, it's not people misrepresenting cases, it's statistics.

01:13:56.280 And then what followed was quite possibly the dumbest reply he could have possibly come up with.

01:14:02.000 So Josh, how is that logistically possible? Not logically possible, logistically possible,

01:14:07.540 that only 14% of the population can commit over 50% of the crimes? Well, Tariq, let me tell you.

01:14:14.760 So can we just establish that he isn't being ironic? He's not, because he continued not to

01:14:20.180 understand it in the replies. I don't understand how you could not understand that. Well, all of his

01:14:29.060 followers also didn't understand. They couldn't understand that certain people can be more violent

01:14:35.020 than other people and commit more crimes despite being fewer people. They just see one number bigger

01:14:41.440 than the other. And they think that that means the bigger number is the badder one.

01:14:49.740 And we're getting this.

01:14:51.020 And you will see that basically the narrative of the multiculturalist regressives or so-called

01:14:58.080 progressives is essentially to publish these data, not in every country, but publish this data in

01:15:04.000 order to steer the narrative to give only an economic interpretation. Poverty does play a role in crime.

01:15:11.300 This goes beyond doubt, but it is not the only factor. And you could say that sometimes some

01:15:16.560 cultures are a bit more prone to violence than other cultures. And the narrative that is being

01:15:23.940 used for them, that is solely economic, again boils down to, we are going to extract resources from

01:15:32.220 you in order to give more money. Let's pump more money into these communities.

01:15:35.920 So we have here, again, in France, we have a display of compassion. France Security Assembly,

01:15:45.840 hold a moment's silence for those involved in the stabbing in Annecy. This reminds me a bit of

01:15:51.400 projecting the pink color or the purple color in Westminster.

01:15:57.060 Oh, after the Southport attack, when Keir Starmer just lit up Downing Street in pink.

01:16:02.980 Yes. So, yes, there are displays of solidarity, but at the end of the day,

01:16:08.580 that's all rhetoric. Unless it is accompanied by action, it doesn't mean anything. And we had here,

01:16:16.360 yet again, there's the same thing. A lot of articles were immediately written. This is from

01:16:22.220 Le Monde in France. French right and far right jostle for political advantage following knife

01:16:26.780 attack in Annecy. So the first concern, the main concern people had there is for the right and the

01:16:32.860 far right to not try to use it for their own agenda. I think that this is appalling. We have here

01:16:41.960 someone saying children and elderly are stabbed in Annecy and Islamophobia is trending. It is not

01:16:48.220 Islamophobic to not want children, elderly, women, or anyone stabbed to death because they're not of a

01:16:54.420 certain faith. And this shows the disconnect between the elites and the people. A lot of people just

01:16:59.940 don't feel safe. They don't feel safe. And every time they're talking about it, every time they try to

01:17:05.480 express their feelings of lack of safety, they're being told, you're a racist. You don't matter. Your voice

01:17:12.400 doesn't matter. We have here another perspective. This is what happens when you bring in people who

01:17:19.140 hate you. This is the vast disconnect between how a lot of people are viewing things and how a lot of

01:17:27.660 people from the managerial elite class is trying to convey. Here we have yet another stabbing incident

01:17:34.660 in Germany. Dan, you remember this. We presented about it together. We had a horrific attack

01:17:42.240 from what seems to be a political Islamist to Michael Sturzenberger, who is someone who is

01:17:51.660 basically campaigning for, as it says there, decades of campaign to oppose political Islamism.

01:17:59.020 And there was just someone who just went there and stabbed Michael Sturzenberger. And then

01:18:03.780 there was a fight there. And there was a policeman that tried to intervene and the policeman got

01:18:13.480 stabbed. Again, we have here a post by Imtia Mahmoud. The same thing. People started talking

01:18:20.560 about the far right. In Mannheim, Germany, a young police officer, Al-Ruven, I think was his name,

01:18:27.160 was murdered by an Afghan Islamist, Suleiman A. And five other people are injured. The reaction in

01:18:33.100 Mannheim is a demonstration against the right. Germany has fallen. Here we have what happened

01:18:41.140 to someone who did speak about statistics in Germany that the police circulated. That is May

01:18:49.080 the 8th, three months ago. We have here a young AFD politician convicted after publishing gang

01:18:55.460 rape statistics in connection with Afghan migration. And basically she was fined and she was essentially

01:19:02.720 persecuted. For what? For actually talking about official data and giving an interpretation that

01:19:10.540 is different from the economic, the strictly economic one. I mean, to cut it down to the nub,

01:19:15.220 she was convicted for telling the truth. Yes. And we have two more things to say that shows that

01:19:21.320 the rhetoric of escalation between the governing multiculturalists and the people who are not

01:19:29.320 having it is essentially leading to a crisis of legitimacy. And this is a problem because

01:19:40.980 now all public discussion about this has sort of lost its currency, has lost its meaning. Because

01:19:49.560 when they're constantly smearing the people as far right for caring about the safety, when they smear

01:19:55.800 them about as far right, there comes a question, what is the far right? Why do they never, why do

01:20:03.360 they never define it? They don't define it as, they can't define it. We have here a classic video by

01:20:09.940 Helen McEntee who just can't define it. She accuses people of being far right. But when they ask her,

01:20:15.500 well, what is the far right? She can't explain it. This is up there for everyone. This has basically

01:20:21.900 been immortalized. And I want to say something about the UK, about Stormer's rhetoric of escalation now,

01:20:29.520 and his unfortunate choice to dismiss the concerns of the English community about the murders. And

01:20:40.080 by calling them far right, he basically achieved the exact opposite of what possibly someone rational

01:20:48.340 in his case would presumably want. And the more you call people far right, at some point,

01:20:55.660 they're not eventually not going to care. If far right means to the left of Marx, then people are

01:21:02.780 not going to care anymore. And people do have lost care anymore. And you see here, if you write

01:21:08.980 the hashtag that circulated on Twitter this weekend, the far right thugs unite, you have a lot of people

01:21:17.600 who are just calling and say, apparently, I'm a far racist thug. I want to. And you can scroll down

01:21:24.020 here. This is endless. You have people just saying, well, here, you know, apparently, I'm a far right

01:21:29.900 thug. You have endlessly people just saying, well, I don't care about it. You know?

01:21:33.920 Well, all this is doing is unifying people internally in Britain, which in turn unifies them

01:21:40.700 with the rest of Europe and creates a popular movement against immigration, which we so desperately

01:21:46.360 need, don't we?

01:21:47.120 Yep. So ironic times, European integration and European solidarity is marching on. And

01:21:54.760 Europeans want to make Europe great again. Right. Let's look at the ramble chat.

01:22:02.200 We have Caleb Knight. Hi. I'm one of those who stopped caring. It's difficult not to stop

01:22:12.440 caring. Axe is the eternal. An idea. Care and government may not want things to calm down.

01:22:20.540 Increased violence will give them an excuse to pass a raft of tyrannical legislation. It

01:22:25.080 has happened before. The MDL may be the arm of the state. Well, these are some legitimate

01:22:32.080 concerns, I think, because when people are essentially a lot of politicians who think this way, they

01:22:39.440 never want to let a crisis go to waste. I think they would also struggle to actually be that

01:22:44.940 tyrannical because they're so incompetent that their tyranny is only going to harm them if they

01:22:50.580 do it. They're not going to be competent enough to pull it off. We have brought from That's a

01:22:54.740 Random Name. There is no such thing as Orcophobia. It is perfectly sensible to want your nation

01:23:00.980 to stay the way it is and to not turn into Mordor. Okay. If we just scroll down a bit, we have

01:23:07.840 from Caleb Knight. Finland had a whole political party that translates to baseline Finns, which

01:23:15.540 got to your average slander, but I'm weird, so out of the loop here. Right. Josie Angels.

01:23:22.000 Finns. Yeah. Only humans can withstand the Gom Jabba. And that's a nice UN reference. And we have

01:23:28.800 here from OPH UK. Funny how the red in that chart of Europeans who think immigration is too high is

01:23:38.060 way less threatening than the red used by the climate alarmists. It should be green.

01:23:42.300 And by Al Mitham, will the UK citizens ever have the right to bear arms, ever have the right to castle

01:23:49.200 doctrine? I wish, but I think it's unlikely. Yeah. So we have two more. We have from That's a Random

01:23:57.500 Name. This is a Lord of the Rings reference. I never thought I'd die fighting side by side with a

01:24:03.000 Republican. How about side by side with a friend? Hi, I could do that. Base Gimbley before storming

01:24:09.080 the black gates of... Yep. Mecca. Base. And that's a random name to add to what Dan was saying. You

01:24:17.580 have elves on one side and orcs on the other. The choice is crystal clear. Be an elf, not an orc.

01:24:24.380 Our ancestors had empires when theirs didn't have the wheel. Yes. That's what I wanted to say,

01:24:30.300 another Lord of the Rings reference. Let's go to the video comments.

01:24:36.380 There are, of course, those who do not want us to speak. Men with guns will soon be on their way.

01:24:45.860 Why? Because while the truncheon may be used in lieu of conversation, words will always retain

01:24:52.560 their power. Words are for the means to meaning and for those who will listen, the enunciation of

01:24:58.760 truth. And the truth is, there is something terribly wrong with this country, isn't there?

01:25:04.640 You now have sensors and systems of surveillance coercing your conformity and selecting your

01:25:09.740 submission.

01:25:10.180 I saw a video, that video there, of a man who didn't sound like the sharpest knife in

01:25:21.560 the drawer. And yeah, they were saying we're arresting you for something you're putting

01:25:26.460 on Facebook. And he's like, oh, okay, on Facebook. Like, yeah, you've got to come to the station.

01:25:32.200 It's like, can I bring my medication? Like, yeah, yeah, we can get that sorted. You could

01:25:37.180 tell that they didn't feel like, the police officers, that is, like this guy was a particular

01:25:42.780 danger. They were almost saying it with a sorrowful sort of voice. They still did it,

01:25:48.120 obviously. But it just goes to show that this isn't actually making your country any better,

01:25:52.920 is it?

01:25:53.460 And I don't think they have said what he said.

01:25:56.120 No, they didn't. They said they would tell him once he's at the station, which is

01:25:59.880 interesting.

01:26:00.840 Interesting. Let's go to the next one.

01:26:05.080 Sometimes I get frustrated that North Americans do not stick rigorously to the unwritten rule

01:26:09.580 of men's toilets that one does not talk while in them. However, needing a wee on Friday,

01:26:14.780 I went to the loo at work and noticed a new machine in there. Some moments later, a fellow

01:26:19.120 Brit sauntered in, saw the addition and exclaimed, what the, am I seeing double? I had to answer

01:26:25.000 him. We live in a clown world. Some months ago, we had a new head of HR join who came from

01:26:30.100 Portland. I knew when I saw her that this would be the result.

01:26:35.660 I've got a comment, but I really don't know if I should make it.

01:26:39.900 Go on.

01:26:40.620 Shall I make it?

01:26:41.280 Do it.

01:26:41.720 My understanding is that there are some segment of the men community who might have use of...

01:26:50.540 Ah, I get you. I'm sure what you actually mean, Dan, is that when men are being manly

01:26:57.840 and they're getting into fights, they're really good for blocking a broken nose.

01:27:01.900 Yes, we've got a bloody nose or something.

01:27:03.420 Yes, not anything else.

01:27:04.600 Let's go to the next one.

01:27:06.300 It is my hope that this time next year, I will be camping with this man's family at a lake

01:27:16.660 in Wisconsin with my girlfriend. More and more, it feels like I'm going to get drafted into

01:27:25.120 World War III. I guess all I can really do is just keep writing my book and hope that I get

01:27:34.240 it finished before then.

01:27:38.020 Send it to us to read it.

01:27:39.860 Yeah, you'll be fine. I don't think there's World War III coming. Enjoy your camping trip,

01:27:44.140 but you could always do what they did in the Vietnam War and sign on to be a journalist.

01:27:47.760 Just before we move to the next video, I think we can take some extra time to read some of the

01:27:52.940 comments. We don't have something after this.

01:27:56.560 Yeah, you can.

01:27:57.560 Okay, let's go to the next one.

01:28:01.880 Currency backed by geese. In the 30s, due to German embargo of our only export, which was geese,

01:28:08.020 we had such a surplus of them that people traded them for goods and services between each other.

01:28:15.480 Eventually, the National Bank of Lithuania issued 300,000 notes that served as money and could

01:28:26.280 be traded for a goose.

01:28:31.820 I quite like the idea of denominating things in geese.

01:28:34.680 I would rather trade a geese, to be honest, because at least with a goose, you know, it's

01:28:40.240 an asset, but it also produces things.

01:28:43.140 How much is that? That would be two and a half geese, please.

01:28:45.480 We need a goose standard.

01:28:47.140 Also, goose eggs are nice.

01:28:48.940 Also, goose...

01:28:49.940 Geese...

01:28:51.560 Is it geese or goose?

01:28:53.100 The plural.

01:28:54.380 Geese.

01:28:55.040 Geese.

01:28:55.440 Yeah, I think they're a status of luxury.

01:28:59.580 Samson is spreading disinformation.

01:29:01.420 They're not goose eyes.

01:29:03.960 This sounded a bit Japanese.

01:29:05.960 Right, let's go to the next one.

01:29:07.120 I have a peaceful pushback idea anyone can participate in.

01:29:13.840 Remind Keir that he doesn't have the mandate he thinks he has.

01:29:16.900 Tell him that he won election with fewer votes than Labour lost with in 2017 and 2019.

01:29:22.580 Even by percentage, he has nothing to be proud of.

01:29:24.920 In 2017 and 2019, they lost with 40 and 32%.

01:29:29.560 2024, they won with 33%.

01:29:32.440 And yet, he has the gall to hatefully attack with words and violence the majority of the population.

01:29:38.440 Well, the current iteration of the democratic system just allows a small population of people to tyrannize the rest.

01:29:46.480 And it's, you know, it puts a nice veneer on it and makes it seem legitimate.

01:29:50.640 But it's actually just as tyrannical as any other system.

01:29:53.580 Right, let's go to the...

01:29:56.260 Okay, that's it.

01:29:57.240 So, shall we go to the comments?

01:29:58.920 So, we have one before Dan segment by Janvi.

01:30:02.360 Definitely worried about my stocks.

01:30:06.340 Question for Dan.

01:30:07.400 What is your opinion on fixed index?

01:30:10.820 Well, they're not for me.

01:30:12.860 Because the problem is, is so much money has gone into the fixed index trackers.

01:30:16.820 That basically, there's an increasingly large premium for people who pick their stocks.

01:30:20.940 Because so much of the money is dumb money.

01:30:23.420 So, I mean, if you don't know any better than fine, go for it.

01:30:27.480 But that one isn't for me.

01:30:31.080 Risto Ritana says, market crash.

01:30:34.320 Me, can I buy a house now, Dan?

01:30:36.200 No.

01:30:37.020 Yes, unfortunately.

01:30:38.900 That is it.

01:30:40.300 That's mixed response.

01:30:42.000 James, no one says it's a great time to be buying gold.

01:30:44.900 I mean, gold's nice and stable and fine.

01:30:46.960 And I've got some.

01:30:47.800 But the problem is, is that the money is debasing around 12-14% a year.

01:30:52.980 And gold does not tend to go up that much.

01:30:54.800 So, you tend to end up slightly underwater.

01:30:56.900 I mean, it just about holds its value.

01:30:58.240 Which is kind of its job.

01:30:59.700 But again, not quite a meme.

01:31:02.180 Return to tradition and get a nice gold talk.

01:31:04.440 So, you can have all of your assets around your neck.

01:31:06.520 So, when the collapse happens, you can travel nice and safely.

01:31:08.900 Like a bling Indian man.

01:31:10.500 And he's stylish.

01:31:11.520 Yes.

01:31:11.820 Yeah, well, it's crazy.

01:31:12.780 Rue the day says, I mean, we're running low on time, so I have to paraphrase.

01:31:17.900 Thoroughly enjoyed Dan's crash course.

01:31:21.100 He's as brilliant as the sun and so good looking, I can't look directly.

01:31:24.660 That sounds like the sort of thing that Dragonhawk lady would say.

01:31:27.920 That's definitely what that said, yeah.

01:31:29.400 Yes.

01:31:29.680 Thank you very much, ladies, in the chat.

01:31:34.080 Norman Bates is stalking me.

01:31:35.720 It says, share prices decreased means the shares were overpriced by speculators.

01:31:40.320 No, don't really agree.

01:31:43.720 They are denominated by the flow of liquidity that's available in that market, I would say, is a better one.

01:31:53.240 Iqbal Mohamed says, well, luckily I don't have any assets to lose.

01:31:56.400 Thank goodness I'm poor.

01:31:57.580 Yes, you have cleverly got ahead of the system on that one.

01:31:59.960 That's my position as well.

01:32:02.940 Blah, blah, blah.

01:32:03.720 George Hap says, they called me mad when I buried my gold on a remote island.

01:32:08.320 The only economist I follow is Long John Silver.

01:32:13.180 Yes, all very good.

01:32:15.800 Oh, no, that's out of mind.

01:32:18.380 Over to you.

01:32:19.940 Me.

01:32:21.300 Lars Peter Simonson says, can we just start labelling everyone who puts a boogeyman of the far right as conspiracy theorists?

01:32:27.900 I couldn't see it sticking.

01:32:29.340 You can if you want.

01:32:31.040 Calling leftist names is fun.

01:32:33.720 I won't discourage it.

01:32:35.380 However, I don't think it will achieve much.

01:32:38.340 But you're more than willing to try and I'll probably enjoy it.

01:32:42.460 Spastic terrorist.

01:32:44.000 What a name.

01:32:45.600 You really don't hate the Labour Party enough.

01:32:47.260 You think you do, but you really don't.

01:32:49.240 They hate the working class more than we can imagine.

01:32:51.280 That is true.

01:32:52.080 They're gaslighting them and subjecting them to some of the worst living conditions in, you know, living memory.

01:33:01.380 So Thane Scottie of Swindon says, this information was spread to make Muslims turn out in force and therefore look aggressive.

01:33:06.140 So the left's defense is, checks notes, the Muslim community consists of gullible, retaliatory dipsticks.

01:33:12.940 Yes, that is, that is what the Labour Party said.

01:33:19.280 Ian Baker says, WTF, they blanked off the bit of the guy doing trigger fingers.

01:33:26.220 Yes, he does this to the camera.

01:33:28.720 And one final one.

01:33:32.280 Michael Brooks says, I think we need a prepper cast to show people how to grow food and filter water.

01:33:39.820 Right.

01:33:40.700 Oh, we've got some news in.

01:33:43.500 Kamala Harris's VP pick, according to one of the Rumble chatters, is officially Tim Waltz, former House Representative from Minnesota and Governor of Minnesota, also ex-military.

01:33:54.640 Seems boring.

01:33:56.660 I'll just double check that.

01:33:57.740 Minnesota was a must-win state for her.

01:34:00.200 So, yeah.

01:34:02.160 And I think he's got quite a good ground game there, so I can kind of see what she's doing there.

01:34:06.360 That is true, as of 27 minutes ago.

01:34:08.720 Right.

01:34:09.200 And should I go with my comments?

01:34:12.080 Of course.

01:34:12.400 Okay.

01:34:13.480 So we have from Thane Scottie of Swindon.

01:34:15.880 There was a time, I think World War II, when a Frenchman said to an Englishman, we are ancient enemies, but in hard times, firm enemies must become firm friends.

01:34:24.260 To that end, I can't pronounce it, but I think it's a good thing.

01:34:29.440 Okay.

01:34:30.200 Norman Bates is stalking me.

01:34:32.040 Stelios.

01:34:32.600 It's ironic that Blair has created a united Ireland.

01:34:36.160 A united Ireland against Blair's race replacement policies.

01:34:39.780 Kevin Fox, ah, the old, all Brits are racists and fascists, and from the same people, you can't accuse all Muslims of being violent because of the actions of a small few.

01:34:50.880 The cognitive dissonance is strong in the leftists.

01:34:53.740 Yes, it's just complete double standards, and it's good to expose them.

01:34:58.360 And Rose Gunella, was Star Trek right?

01:35:01.200 Is 2024 the year of Irish unification?

01:35:04.500 I wouldn't go that far.

01:35:06.140 Right.

01:35:06.980 On that note, we have run out of time, and we are going to be back tomorrow at 1pm.

01:35:15.160 Join us and have a good time.

01:35:18.100 Goodbye.

01:35:18.300 See you, chaps.

01:35:19.260 Bye-bye.

01:35:19.620 Bye-bye.

01:35:28.360 Bye-bye.

01:35:28.920 Bye-bye.

01:35:29.200 Bye-bye.

01:35:29.260 Bye-bye.

The Podcast of the Lotus Eaters - August 06, 2024

The Podcast of the Lotus Eaters #972

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