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Speaker 3: All right, welcome everybody. We are here on set in Phoenix, Arizona,
Speaker 3: at the yre FI Studios. Welcome to you, from sea
Speaker 3: to shining Sea. Honored to be with you today. We're
Speaker 3: gonna have a very econ heavy show because that is
Speaker 3: the current discussion.
Speaker 4: Actually, it was gonna happen anyway, and then it became
Speaker 4: the discussion, which is a sign that it was a
Speaker 4: fortune favors us.
Speaker 3: Fortune favors the bold and the burrito, I will tell you.
Speaker 3: So here's our show. Let me just lay it out
Speaker 3: for you. We've got a couple open segments here. We're
Speaker 3: gonna bring you up to speed on the Great Beat
Speaker 3: Burrito Debate of twenty twenty. It's gonna be fun. Then
Speaker 3: we've got a Hillsdale professor who is an economist and
Speaker 3: we're gonna be talking about capitalism. And then we've got
Speaker 3: Secretary Scott Bessant in studio here in Phoenix, Arizona. So
Speaker 3: we're excited about that. And we're gonna be talking about
Speaker 3: affordability and young people and economic literacy, so many things
Speaker 3: and then we've got Nate Friedman. He's been doing great
Speaker 3: work documenting the Islamification of places like Michigan and the
Speaker 3: Bronx in New York. So we're gonna have a fun
Speaker 3: conversation about that. I don't know fun is the right word,
Speaker 3: but let us get started on the Great burrito debate
Speaker 3: of twenty twenty six. Now what do I mean? If
Speaker 3: you are not logged on to x or other social platforms,
Speaker 3: you might not know what I mean. We are having
Speaker 3: a discussion about twenty dollars burritos? Is it true? Are
Speaker 3: they really costing twenty bucks? Are they much less? Should
Speaker 3: kids learn to cook at home? Are gen Z a
Speaker 3: bunch of entitled brats? And yeah, there's the there's the
Speaker 3: tweet that accidentally kicked it all off from yours truly,
Speaker 3: I said, so, Matt Walsh was going on, Grocery prices
Speaker 3: are insane, They're still rising. Addressing this problem should be
Speaker 3: the number one priority of every elected leader and the
Speaker 3: stupid foreign wars and focus on this issue. It's one
Speaker 3: of the main reasons socialists are gaining power. And I replied.
Speaker 3: One of our TPUSA college students gave me his take
Speaker 3: on affordability. A burrito shouldn't cost twenty bucks. Yeah, a
Speaker 3: lot of this is a hangover from COVID and Biden
Speaker 3: air inflation, but the lived experience is the same. It
Speaker 3: just feels like basic things cost too much. So before
Speaker 3: we get too far down the road here, I want
Speaker 3: to ask and invite this audience. I want to know
Speaker 3: what you think, because the reactions have been all across
Speaker 3: the board, and actually I would say many of them
Speaker 3: have truth. So send us an email Freedom at Charliekirk
Speaker 3: dot com. We're going to be reading them in the
Speaker 3: next segment or maybe if Blake gets them right now,
Speaker 3: Freedom at Charliekirk dot com. What is your take on
Speaker 3: the twenty dollars burrito?
Speaker 4: Well, because we should get into this because the reaction
Speaker 4: is very mixed because people, of course, if they say
Speaker 4: a burrito can cost twenty dollars, they're talking about fast
Speaker 4: food or even like like Chipotle or abovesual dining, casual dining,
Speaker 4: or if Chipotle is gonna cost twenty it probably means
Speaker 4: they door dashed it.
Speaker 5: So they're playing a delivery.
Speaker 3: You get like some guac on the side, exactly give
Speaker 3: them a tip and so anti tip you tip at Chiappotle.
Speaker 5: We'll get into that later.
Speaker 4: But so the kind of natural debate that's unfolded here
Speaker 4: is a lot of people have raised their eyebrow and say,
Speaker 4: if you feel like you can't afford a burrito at Chipotle,
Speaker 4: you probably should not be eating out and you can
Speaker 4: save a lot of money by eating at home more.
Speaker 4: And it's true people eat out a lot more now
Speaker 4: than they did ten years ago than they did when
Speaker 4: I was a kid, certainly than they did fifty years ago.
Speaker 4: And if you feel like you're falling behind, that could
Speaker 4: be a part of it. But the counterpoint is a
Speaker 4: lot of people have said, oh, if you're going to
Speaker 4: lecture young people that they shouldn't buy so many burritos,
Speaker 4: it's like a revival of the the avocado toast attack
Speaker 4: on millennials from about fifteen years ago.
Speaker 5: And you can kind of go either way on it.
Speaker 3: Really no exactly, so multiple things can be true, which
Speaker 3: is a tough thing to get across on social media.
Speaker 3: Should young people be thrifty, especially when you're in college,
Speaker 3: Absolutely you should be. I mean when I was in college,
Speaker 3: I held down a part time job. Most of my
Speaker 3: friends did as well. We would eat anything free. We
Speaker 3: could get our hands on leftover pizzas, half of burrito
Speaker 3: that somebody else didn't eat. Anything. If a family was
Speaker 3: willing to have us over for dinner, we would go there.
Speaker 3: If there was a barbecue or an event where that
Speaker 3: included free food, we were much more likely to go
Speaker 3: do that. You should do those things as a college student.
Speaker 3: But I personally didn't cook much at all in college,
Speaker 3: So that's another question. Did you cook in college? I
Speaker 3: didn't have a kitchen to cook in. I lived in
Speaker 3: the dorms the first year, and yeah, I had a
Speaker 3: meal plan. Those that, by the way, have become such
Speaker 3: a racket, the meal plans. Oh, I've been inundated by
Speaker 3: emails and direct messages and people saying the meal plans
Speaker 3: are obsessing.
Speaker 4: And that's part of what goes into this is that, Okay,
Speaker 4: your college meal plan is a scam. Is that a
Speaker 4: scam coming from capitalism? Is that a scam coming from
Speaker 4: the free market? No, it's we have a cartel the
Speaker 4: college system that is endlessly subsidized by our government through
Speaker 4: student loans and a million other things. And then on
Speaker 4: top of that, they get you in and then they
Speaker 4: trap you in their cartel. Oh, well, you're going here,
Speaker 4: so you're required to buy our meal plan. When I
Speaker 4: was at the school I went to, they not only
Speaker 4: no whatever uh no, So they not only required you
Speaker 4: to be on the meal plan, but there was an
Speaker 4: aspect of it at the time where they would require
Speaker 4: you to have so much free float money and if
Speaker 4: you didn't spend all of that money by the end
Speaker 4: of the rum, they just confiscated it. They just empty
Speaker 4: drained your account and took it.
Speaker 3: Like they wouldn't roll it over. I absolutely scam, but
Speaker 3: so many schools only like this has taken over social media.
Speaker 3: I've had like twenty people be like, only thing on
Speaker 3: my feed right now is burritos, And I apologize, but
Speaker 3: I'm not sorry. If that makes sense, all right, I
Speaker 3: think this is really interesting though. This is chef Andrew Grohl,
Speaker 3: who is a friend and he's a restauranteur in Los Angeles.
Speaker 3: He said, the funniest thing about by the those two
Speaker 3: seventeen the funniest thing about the burrito debate is no
Speaker 3: one is getting rich off an eighteen dollars burrito. As
Speaker 3: a restaurant owner, I can tell you that nobody wants
Speaker 3: to charge eighteen dollars for a burrito. We'd much rather
Speaker 3: sell a twelve dollars burrito and have you come back
Speaker 3: twice a week. The problem is the cost of running
Speaker 3: a restaurant has skyrocketed. That part was cut off. And
Speaker 3: he's got a little meme there the great burrito debate
Speaker 3: of twenty twenty six, and then people are going around
Speaker 3: showing so then I should add this immediately. Joel Barry,
Speaker 3: who I believe is formerly of the Babylon b and
Speaker 3: now he's working with Jeremy Boren for Boring, formerly of
Speaker 3: The Daily Wire. On his new show, he basically said
Speaker 3: I can feed my family of I believe did he
Speaker 3: say eight or six? I don't know. He's got a
Speaker 3: big family. He's been prosperous, fruitful and multiplied. He's got
Speaker 3: a big family. He said he can feed his family
Speaker 3: on twenty dollars a night if you just shop out.
Speaker 3: And there's people that are making that point too, which
Speaker 3: I think is valid. Two nineteen is an example of this.
Speaker 3: It goes due to the stupid burrito debate. Not sorry,
Speaker 3: I made my eleven year old daughter see if she
Speaker 3: could feed our family of five burrito of five burritos
Speaker 3: for dinner for twenty dollars a leafe. I believe she
Speaker 3: nailed it. Please vote her in the upcoming mintos.
Speaker 6: So went to.
Speaker 3: AHGB, bought a bunch of iceberg lettuce, bought some ground
Speaker 3: beef eighteen thirty. Okay, so yes, you can so again.
Speaker 3: Two things can be true at once. Young people should
Speaker 3: not be living beyond their means. They should be being frugal,
Speaker 3: and that's a really good thing to learn, and to
Speaker 3: live within your means is a huge, hugely important thing.
Speaker 3: But what can also be true is that burritos are
Speaker 3: more expensive than they were just a few years ago.
Speaker 3: And that's okay to admit too. And I think that
Speaker 3: is deeper in this conversation, and it needs to be
Speaker 3: made that it is politically unwise. Let's just say that
Speaker 3: to walk around and do the Joe Biden thing and
Speaker 3: say prices are fine, the economy is great. What you
Speaker 3: feel and what you've lived and your lived experience is
Speaker 3: not real. Everything is great. That is not true for
Speaker 3: a lot of people, and a lot of people have
Speaker 3: pointed to what we call the K shaped economy, where
Speaker 3: the top are are expanded and the bottom are also expanding.
Speaker 3: So the tops getting bigger, and the botom is getting bigger,
Speaker 3: and the middle class is getting hollowed out, and this
Speaker 3: is one of the phenomenons behind it.
Speaker 4: Well, that's why I missed Charlie, to be honest. So
Speaker 4: for example, Dan Crenshaw had to tweet the other today
Speaker 4: taking part of this where he's like just hearing about
Speaker 4: this dumb twenty dollars burrito debate. So I thought I'd
Speaker 4: make the losers on social media angry before bed, stop whining,
Speaker 4: get a job, eat Raymond like the rest of a
Speaker 4: student in college on a budget with four roommates. And
Speaker 4: I think Charlie was better, where Charlie would actually approach
Speaker 4: this and he'd be able to say things are tougher.
Speaker 4: There is a lot of scams targeting you, but it
Speaker 4: is also possible for you to overcome those things by,
Speaker 4: for example, saving money and being frugal, and you can
Speaker 4: overcome them the same way George Washington overcame the British.
Speaker 4: He was very good at navigating that, of course, is
Speaker 4: the best ad. That's a challenge that the right has
Speaker 4: to do. We can have these Crenshaw smug lectures.
Speaker 3: I agree, and we'll get into it we got a
Speaker 3: ton of emails flowing in, so thank you for that.
Speaker 3: All right, Blake, let's get to the emails here. Yeah,
Speaker 3: let's just want people are being Are these kids a
Speaker 3: bunch of brain spectrum?
Speaker 5: It's a big spectrum.
Speaker 4: So all for example, Barry First, I think this is
Speaker 4: a very classic conservative position. He says, it's simple, a
Speaker 4: burrito should cost what the customer is willing to pay
Speaker 4: for the burrito. It's a self fixing problem.
Speaker 5: I think.
Speaker 4: I think that's a very traditional view and a very
Speaker 4: reasonable one. Matt says, we have five kids, groceries are unaffordable.
Speaker 4: I am a Trump guy, but he is not turning
Speaker 4: this around. Doesn't matter how often he brags about eggs. Well,
Speaker 4: we'll see, we'll see. We're having a secretary vesent on.
Speaker 4: I think he might have something to say with that.
Speaker 4: Jacqueline says, I would pay twenty dollars for a burrito
Speaker 4: if it meant the steak is grass fed and there's
Speaker 4: no GMOs. I order from Chipotle once a week. If
Speaker 4: I don't deliver, then I will walk to it to
Speaker 4: justify eating out. A twenty dollar burrito is worth it.
Speaker 4: And but she does have a pretty decent household income.
Speaker 4: It looks like Jeff says, a twenty dollar burrito doesn't
Speaker 4: bother any elected official because they are all worth fifty
Speaker 4: or sixty million dollars. Remember Nancy Plosi with her twin
Speaker 4: twenty thousand dollars freezers to keep her Ben and Jerry's
Speaker 4: ice cream. I don't remember that. I've got to go
Speaker 4: look that up.
Speaker 1: Now.
Speaker 4: That sounds incredible. Mick says, I need to lay off
Speaker 4: the burritos.
Speaker 3: Yeah, that Freshman fifteen.
Speaker 4: By the way, we haven't talked about it, and g
Speaker 4: Corey says, this is not a binary discussion. The economy
Speaker 4: needs to improve in meaningful daily ways like rent, energy, groceries,
Speaker 4: and yes, burritos. It's not just the stock market and
Speaker 4: company earnings. That being said, people need to get smarter
Speaker 4: and more disciplined on how they spend their dollars, while
Speaker 4: also getting knowledgeable and engaged in policies not only in
Speaker 4: tough times but in good times as well. I think
Speaker 4: you and I would both basically agree with that.
Speaker 3: I agree with all of this. My main point in
Speaker 3: waiting into this debate was that I think it's political
Speaker 3: malfeasance to ignore the fact that things are expensive now,
Speaker 3: why are things more expensive? Blake? This is the critical
Speaker 3: piece of this conversation. We printed trillions of dollars during COVID.
Speaker 3: There was massive supply chains disrupted. There was a lot
Speaker 3: of disruption to the normal way things were shipped and
Speaker 3: moved about internationally, both domestically and internationally. And when you
Speaker 3: print money, the basics of economics are there are more
Speaker 3: dollars chasing fewer goods because the goods did not keep
Speaker 3: up with the dollars, especially during COVID. So maybe it
Speaker 3: felt good to have that momentary check come in the mail.
Speaker 3: But guess what happened? That wealth ended up funneling up
Speaker 3: to the top percentiles of the economy. Why because they
Speaker 3: own assets that inflate when inflation happens. They own homes
Speaker 3: that get more expensive, they own stocks that rise in value,
Speaker 3: they own equities, these kind of things get more expensive. Now,
Speaker 3: if you don't have any of those things and you
Speaker 3: want to get into those things, guess what they just
Speaker 3: got harder to get into. Okay, So if you're a
Speaker 3: working class person, if you're a young student at turning
Speaker 3: point and you're like, I want to own a home
Speaker 3: one day, well five hundred thousand dollars home just became
Speaker 3: worth a million, So now your payment just doubled, plus
Speaker 3: interest rates went up to counter the inflation.
Speaker 4: Inflation hurts people who are most reliant on cash, the most,
Speaker 4: people who are salary workers, people who are keeping their
Speaker 4: savings primarily just in cash, which you shouldn't do. By
Speaker 4: the way, any one of you can buy stocks these days,
Speaker 4: but or whatever equities you want.
Speaker 5: Got an other email here from Jenny Lee.
Speaker 3: This is silly.
Speaker 4: You suffer when you're young and you save. If the
Speaker 4: economy is bad, you cut back, you eat bolooney and
Speaker 4: you save. You don't keep buying Starbucks and twenty dollars
Speaker 4: burritos and have your meals delivered. You don't build wealth
Speaker 4: if you spend every penny you make. We all did it.
Speaker 4: We did it for years. I taught school for thirty
Speaker 4: five years and took my luncheon every day. The biggest
Speaker 4: help was she says, uh, Greg Ramsey, but she means
Speaker 4: Dave Ramsey. You find him, listen to him, believe him,
Speaker 4: and do what he says. And I think it is
Speaker 4: worth emphasizing that point that we should listen if people
Speaker 4: say it feels like everything's more expensive because they probably
Speaker 4: didn't get that idea out of nowhere. But as conservatives,
Speaker 4: we also have to tell people you are capable of
Speaker 4: coming this, you are capable of defeating this. It is
Speaker 4: actually very possible to get ahead in America if you
Speaker 4: have better habits and better discipline than a lot of
Speaker 4: the people around you.
Speaker 3: I totally agree. Let's let's give you a case in
Speaker 3: point here, because this is a burrito apparently for a
Speaker 3: burrito menu from Chipotle in twenty twenty or twenty twelve
Speaker 3: in Los Angeles. Allegedly. All right, so the chicken brito
Speaker 3: was six twenty five. This is image two twenty nine.
Speaker 3: By the way, chicken was six twenty five steak with
Speaker 3: six seventy barbaricoa six seventy, carnitas six seventy vegetarian six
Speaker 3: twenty five kind of getting ripped off if you're vegetarian.
Speaker 3: By the way, now here's one. Here's one from online
Speaker 3: at image two thirty. So a carnitas burrito is now
Speaker 3: eleven forty. So it's not twenty bucks, but it's eleven forty.
Speaker 3: This is pre tax. But if you get chips or
Speaker 3: chips and guac, that's two dollars and twenty cents more
Speaker 3: or five point fifteen. Heaven forbid, you get the Mexican
Speaker 3: Coca Cola that's three seventy five. So you could easily
Speaker 3: see how if you got eleven forty dollars burrito, chips
Speaker 3: and guac five point fifteen, then you're at about seventeen
Speaker 3: eighteen bucks plus tax and tip, you're over twenty bucks. Okay,
Speaker 3: if you tip at Chipotle, well, a lot of people
Speaker 3: do blake. A lot of people do so, and there's
Speaker 3: other people that have been trying this and going out
Speaker 3: and finding out. Yeah, as a matter of fact, I
Speaker 3: went and got a burrito. By the way, was a
Speaker 3: salmonella outbreak that affected Kudobo and salmonella are in Chipotle yesterday,
Speaker 3: which is which is ironic. I would say, uh, but yeah,
Speaker 3: So here it is John Levine, who does he work
Speaker 3: at the Free Beacon? I believe now possibly, but he
Speaker 3: said I remember on Fox Business once, maybe two years ago,
Speaker 3: I said I spent twenty dollars for a Chipotle burrito
Speaker 3: bowl in New York City. The host all but called
Speaker 3: me a liar on air. I later confronted him with
Speaker 3: a receipt at the twelve eleven sixth Avenue Gym, and
Speaker 3: he apologized to me, but not on air. So, like
Speaker 3: people are paying twenty dollars for arbrito, we know that
Speaker 3: they're out there. Are there cheaper burritos? Like, yeah, there are?
Speaker 3: Should you if you're a little bit poor, absolutely, should
Speaker 3: you cook at home? Yes? Absolutely, But it doesn't negate
Speaker 3: the fact that things are still expensive, that it's not
Speaker 3: necessarily President Trump's fault. Yeah, there's been a supply shock
Speaker 3: on an energy because of the Iran war, and ultimately
Speaker 3: that's what this is all about. By the way, it's
Speaker 3: all big proxy discussion about was the Iran War worth
Speaker 3: it or not? But yeah, there are things that are
Speaker 3: headwinds in the economy, but we also have tailwinds and
Speaker 3: we're gonna talk about those some with Secretary Bessett in
Speaker 3: the next segment. Though, we're gonna take we're gonna zoom out,
Speaker 3: We're gonna zoom out a little bit, and we're gonna
Speaker 3: talk about a defense of capitalism because none of this
Speaker 3: is dumerism from us. None of this is saying that
Speaker 3: we should throw out a capitalist system in free markets
Speaker 3: at all. As a matter of fact, that would be
Speaker 3: the wrong way to go here. And that's what we're
Speaker 3: seeing with the rise of DSA and these commies and
Speaker 3: these socialists that want to seize the means of production.
Speaker 3: They're only gonna ruin everything. They're gonna make things more expensive.
Speaker 3: We'll talk about that next. I had the honor of
Speaker 3: a lifetime to call Charlie a friend, and what I
Speaker 3: remember most wasn't just what people saw on stage. It
Speaker 3: was what was behind the scenes. That was an unwavering
Speaker 3: commitment to his faith, his love for his family, and
Speaker 3: his genuine desire to encourage others to live with courage
Speaker 3: and conviction. Charlie believed that following Christ wasn't something you compartmentalized.
Speaker 3: He didn't put it in a box. He lived it
Speaker 3: out loud. It shaped how he lived, how he served,
Speaker 3: how he treated people every single day. Charlie Kirk, American Martyr,
Speaker 3: captures that heart. This documentary isn't just simply about remembering Charlie.
Speaker 3: It's an invitation for each of us to ask what
Speaker 3: kind of legacy we're building and whether we're willing to
Speaker 3: stand firm in our own faith when it's tested. I
Speaker 3: hope that you'll watch it with your family and have
Speaker 3: those conversations together. Go to angel dot com slash kirk.
Speaker 3: That's angel dot com slash Kirk. Become an Angel Guild member,
Speaker 3: watch Charlie Kirk, American Martyr, and help bring more stories
Speaker 3: of faith, courage, and conviction to audiences around the world.
Speaker 3: Without further ado, we have doctor Charles N. Steele. He's
Speaker 3: the director for the Center for Commerce in Freedom at
Speaker 3: Hillsdale College. He's an associate professor of economics, and we
Speaker 3: figured this would be the best time to have you on, Professor,
Speaker 3: because we have this insidious rise of democrat socialism where
Speaker 3: they legitimately want to seize the means of production. We
Speaker 3: got the Pierre de teoric tax or however you say
Speaker 3: it in New York with Mom Donnie, and they're coming
Speaker 3: after capitalists. They're coming after the producers, the people that
Speaker 3: have built businesses, and it's scary for a lot of people. So,
Speaker 3: at a very basic level, Professor, why is capitalism the
Speaker 3: economic system that you believe is the best for America,
Speaker 3: for the world, for the West. The Flora's yours.
Speaker 7: Thank you, I'm very happy to be here. You're right,
Speaker 7: this is a great time to talk about capitalism. But
Speaker 7: it's always a great time to do that. Why is
Speaker 7: capitalism the important system. I'm actually writing a book on
Speaker 7: this right now, which coming out next year. Is the plan.
Speaker 7: But I opened the book by pointing out that the
Speaker 7: way that we live today is highly unusual for human beings.
Speaker 7: It's something that's brand new in history. Historically speaking, for
Speaker 7: thousands of years, there was no development to speak of.
Speaker 7: The way that we live today is unusual. We are
Speaker 7: the most blessed people in the world that have ever
Speaker 7: ever walked the planet. At the beginning of the I
Speaker 7: think about the twentieth century. The beginning of the twentieth century,
Speaker 7: the population of the Earth was about one point seven
Speaker 7: billion at max, and the average income was a couple
Speaker 7: thousand dollars. It went up, the population went up, it
Speaker 7: quadrupled under the influence of capitalism, and average income per
Speaker 7: person in the world went up enormously. It went up
Speaker 7: five to six times. We are in a blessed time.
Speaker 7: We have a system that does that, and there's no
Speaker 7: other system in history or conceivable that could ever do
Speaker 7: these sorts of things. The thing that makes that important
Speaker 7: is not that we have more stuff either. It's that
Speaker 7: we have better lives in multiple ways. I'm happy to
Speaker 7: talk about that, but it's something that people really do
Speaker 7: need today to understand. They need to understand the basics
Speaker 7: of the system, how it works, and why it's important.
Speaker 5: Yeah, Doctor Steele, it just got me thinking.
Speaker 4: We've been discussing the first half of this show, a
Speaker 4: lot of people freaking out that, for example, it's more
Speaker 4: expensive to buy a burrito at their preferred place, or
Speaker 4: various things feel like they've gotten more costly, and so
Speaker 4: this is a problem with our free market, capitalist system,
Speaker 4: a lot of them believe. And yet if you zoom out,
Speaker 4: it's not ever, it's not ever socialism or communism that
Speaker 4: enabled you to have that in the first place. One
Speaker 4: hundred years ago, nobody was getting a burrito at a
Speaker 4: fast food place anywhere. Now you can get them in
Speaker 4: any city in the United States, and it's because of
Speaker 4: capitalism that made that possible in the first place.
Speaker 8: Correct, Oh, yes, you're quite right about that. The way
Speaker 8: that we live today is truly astonishing. I lived in
Speaker 8: the former Soviet Union, and I spoke to my student
Speaker 8: I taught there, I taught economics. I talked to my
Speaker 8: former students who had lived in the Soviet Union what
Speaker 8: life was like there, and we were talking about something
Speaker 8: pretty mundane, bananas. Bananas turned out to be the most
Speaker 8: popular fruit in the United States.
Speaker 7: And I had a banana. I was in this is
Speaker 7: post Soviet Russia. I bought a banana and we were
Speaker 7: talking about it, and they said, you know, we lived
Speaker 7: in Moscow. You almost never saw banana. A banana was
Speaker 7: a rarity. It was an exotic luxury, and party officials
Speaker 7: could get them. And my students came from pretty well
Speaker 7: connected families, so once in a while they would get
Speaker 7: them something like a banana, something so prosaic, so basic,
Speaker 7: as that does not exist outside of places where it grows,
Speaker 7: or the capitalist world where we can where we live
Speaker 7: honestly like kings compared to what Kings used to do.
Speaker 3: So when we talk about this kind of current debate,
Speaker 3: there is an affordability issue that a lot of people
Speaker 3: are having, especially after COVID. Right, we printed all this money,
Speaker 3: we injected it into the economy, and you had inflation,
Speaker 3: so asset prices got higher. It squeezed the middle class,
Speaker 3: in the working class, hourly worker, salary workers in new ways.
Speaker 3: When we talk about solutions for this right, you have
Speaker 3: the DSA Mom Donnie's offering grocery stores, one in each
Speaker 3: of the five bureaus and the burrows, and he's going
Speaker 3: to make the prices thirty percent cheaper. So and it's
Speaker 3: kind of endemic of a larger issue is that many
Speaker 3: of our industries are not purely capitalists, right. They are controlled.
Speaker 3: There's price fixing, there's price gouging. What is the solution
Speaker 3: if you had a you know, we could waive a
Speaker 3: wand and you could make the system better. Currently, how
Speaker 3: do we get back to some more fundamentals in our economy?
Speaker 7: It might help to talk about what capitalism really is,
Speaker 7: because some people confuse capitalism with, say, the status quo
Speaker 7: that we have today. We do have a capitalist system,
Speaker 7: but it is rather badly hampered by regulation, by interferences,
Speaker 7: by protectionism for businesses, things like this, and those are
Speaker 7: the very kinds of things that destroy a capitalist system.
Speaker 7: The history of capitalism is interesting because it was really
Speaker 7: a system that came about late seventeen hundreds. Early eighteen
Speaker 7: hundreds is when it really began to get going, and
Speaker 7: it was under the influence of people such as Adam
Speaker 7: Smith his seventeen seventy six Wealth of Nations. He was
Speaker 7: condemning the current at the time economic system, which was
Speaker 7: the system of mercantilism. Mercantilism is the system of special
Speaker 7: privileges for a few well connected businesses and as he
Speaker 7: put it, extraordinary constraints on others. And so it's rent seeking,
Speaker 7: it is government regulation and interference. Those things were invented
Speaker 7: in the fifteen hundreds and sixteen hundreds. That's the economics
Speaker 7: that capitalism got us out of by opening up markets,
Speaker 7: by opening up industries and things to anybody who wanted
Speaker 7: to come in and had an idea. To entrepreneurship, I
Speaker 7: think one of the things that is least understood even
Speaker 7: by economists about capitalism and about the importance of the
Speaker 7: market system is entrepreneurship. And the various theoretical reasons why
Speaker 7: economists have neglected this, but it should be seen that entrepreneurship,
Speaker 7: the potential for entrepreneurship, opens economic activity to anybody in
Speaker 7: anyone in the economy. Any person who comes up with
Speaker 7: an idea has the freedom to try it, and if
Speaker 7: it works, that's the thing that generates economic growth, and
Speaker 7: it generates wealth. If you get economic growth, you actually
Speaker 7: get reduced not higher prices. You get more and better things,
Speaker 7: not unaffordability and things like that. A couple of the
Speaker 7: problems that we're facing with the affordability, I think affordability
Speaker 7: is kind of a mischaracterization. It's just that we can't
Speaker 7: afford things that we want, and there are many different
Speaker 7: reasons for that. Instead, we ought to be looking at
Speaker 7: what causes various kinds of price movements, and one is,
Speaker 7: as you said, the increase of the money supply by
Speaker 7: the Federal Reserve. I think it is a bad policy,
Speaker 7: and increasing the money supply ends up putting more money
Speaker 7: chasing the same amount of goods, or in the case
Speaker 7: of COVID, they locked down the economy so we have
Speaker 7: fewer goods and prices go up in general. But there
Speaker 7: are other problems, one of which you pointed out is
Speaker 7: the uh, you know, the supply constraints, especially on oil,
Speaker 7: because the Iranians keep shutting down the Strait of Hormuz
Speaker 7: and we have these these kinds of problems. Tariffs have
Speaker 7: contributed to that as well. I think that's actually been
Speaker 7: a mistaken policy in most most respects depends on the case,
Speaker 7: and uh, some other other kinds of things we have.
Speaker 7: Our agricultural policy has has actually made it very difficult
Speaker 7: to be successful in beef farming. UH cattle. Cattle stocks
Speaker 7: are way down and it is difficult to uh to
Speaker 7: get them back up under under current agricultural policy. At
Speaker 7: the same time, we're subsidizing corn and paying for corn
Speaker 7: that probably isn't necessary. And we've got people paying producing
Speaker 7: one good when they ought to be doing the other
Speaker 7: because of these government interventions. So all those things contribute
Speaker 7: to affordability problems, but they're they're multiple, multiple different things
Speaker 7: going on.
Speaker 9: There.
Speaker 7: My magic bond, I'm going to waive it, and we're
Speaker 7: going to end the unnecessary regulation of the economy that
Speaker 7: comes from the administrative state. That in itself when when
Speaker 7: Donald Trump in his first presidency did two things that
Speaker 7: really boosted the economy. One was the tax cuts, but
Speaker 7: far more important were the was the cut in regulation.
Speaker 7: And he's done that again. That's the most important single
Speaker 7: thing you can do, because it makes makes it possible
Speaker 7: to actually do business and to produce things instead of
Speaker 7: having cost pile up on cost and nothing getting done.
Speaker 3: That is so, I think that's interesting that you think
Speaker 3: cutting regulations actually did more to spur the econ me
Speaker 3: in Trump one point zero than cutting taxes. I mean,
Speaker 3: I know it's important, but I find it interesting that
Speaker 3: you put it ahead of cutting taxes. And some of
Speaker 3: these stories that you guys are sending us are actually
Speaker 3: really heart wrenching about what you're going through. And I
Speaker 3: think that's really important because you are conservatives, You probably
Speaker 3: love the president, you support the agenda, and yet your
Speaker 3: lived experience is tough.
Speaker 4: Yes, so you know, we just got one from a
Speaker 4: woman here and she's I don't want to discloser, but
Speaker 4: she's just saying that Biden inflation hit, our income was
Speaker 4: flat at the time, and our necessities increased by forty percent,
Speaker 4: and they've never gone down. Our mortgage went up because
Speaker 4: they had a variable rate mortgage. They had a medical
Speaker 4: issue that caused bills. And she's saying, we haven't had
Speaker 4: a Christmas or Birthday since the pandemic. We don't travel
Speaker 4: except for a wedding. We have no streaming or cable.
Speaker 4: We make our meals and never eat out. Our only
Speaker 4: expense we didn't cut was our dog's food. We have
Speaker 4: not lived like this since college. And they say, bluntly,
Speaker 4: I'll never vote for a communist or a socialist, but
Speaker 4: I am.
Speaker 5: You know, let's see here.
Speaker 4: Especially, I don't want to live like this for twenty
Speaker 4: more years. And I don't think any of the six
Speaker 4: figure salary with a pension and free healthcare. Republicans give
Speaker 4: a damn about anyone. They think everything.
Speaker 3: Is great and get another one too.
Speaker 5: It's a very tough one.
Speaker 3: Yeah, some people are emailing us saying that they're not
Speaker 3: celebrating Christmas and birthdays. I mean, it's this is.
Speaker 6: You know.
Speaker 3: I mean, listen, we believe our ideas work, and we're
Speaker 3: gonna talk with Secretary Besson about how some of those
Speaker 3: ideas are actually already working and the media refuses to
Speaker 3: cover it. But we also have to acknowledge the lived
Speaker 3: experience that people are going through. Okay, so, professor, if
Speaker 3: I'm mom, Donnie and I come in and we're talking
Speaker 3: about how government intervention so often ruins things. Because this
Speaker 3: is a big DSA platform. We're gonna give free healthcare,
Speaker 3: We're gonna give free stuff. It's called free stuff populism,
Speaker 3: and we're gonna give you grocery stores that are thirty
Speaker 3: percent cheaper. What happens to me if I run a
Speaker 3: grocery store down the block and I have to pay
Speaker 3: normal price I'm not getting subsidized. What happens long term
Speaker 3: effects in that economy. I'm just curious your predictions here.
Speaker 7: I want to say something you might sign a little
Speaker 7: off track, that it really isn't you read the letter
Speaker 7: from the woman who is hard times. Look, the benefit
Speaker 7: of capitalism is not that it makes us wealthier. Fundamentally,
Speaker 7: it makes us freer and it allows people to flourish.
Speaker 7: There is so much more to life than physical wealth
Speaker 7: and money. That's not what this is really about. I
Speaker 7: emphasize that in the book that I'm writing, and I incidentally,
Speaker 7: I do have an online course with the Hillsdale. Somebody's
Speaker 7: interested in that. But so you asked this question. In Venezuela,
Speaker 7: Hugo Chavez put price controls on groceries. Then when there
Speaker 7: were shortages, inevitable shortages in the supermarkets, he said, they're
Speaker 7: not doing their duty, so they confiscated them. That's how
Speaker 7: they nationalized them and took over the economy. Basically communists.
Speaker 8: Mom.
Speaker 7: Donnie's plan is a little bit different. He has selected
Speaker 7: private operators who will be subsidized to cover those shortfalls
Speaker 7: in price, so that will drive out the bodegas, the
Speaker 7: small moms and pops, the small entrepreneurs, and then maybe
Speaker 7: the bigger change like Cristigies and places like this. It's
Speaker 7: a way of consolidating power. It does not benefit the
Speaker 7: people it institutionalized as well, will ultimately be low quality
Speaker 7: and shortages. That's what I would think is going to happen.
Speaker 7: I think the idea that they want to do that Mom,
Speaker 7: Donnie and others are trying here is that they want
Speaker 7: to try this as kind of an experiment to see
Speaker 7: if they can't get it going in New York and
Speaker 7: then spread it around the country. The DSA does intend
Speaker 7: to fundamentally change this country and make it a full honestly,
Speaker 7: if you read their platform, a communist country, but the
Speaker 7: same kinds of things that we're done in the Soviet Union.
Speaker 3: I think that's a really good prediction. Actually, I think
Speaker 3: it's gonna drive out a lot of the small competition
Speaker 3: around those stores. First, that'll be the first uh Domino
Speaker 3: to fall. And then but what about if I run
Speaker 3: a grocery store and I'm charging thirty percent more for
Speaker 3: the same good or a similar good, then why would
Speaker 3: anybody shop at my store? So then you're gonna have shortages,
Speaker 3: because then you're gonna be winnowing everybody down into these
Speaker 3: five little stores, and eventually people are gonna lose options.
Speaker 3: Great businesses are gonna go out, Entrepreneurs are going to
Speaker 3: be driven out of the city.
Speaker 4: And we don't know where this goes. I mean no,
Speaker 4: we know where it goes. And you can back me
Speaker 4: up on this, Professor Steel. Every time we've implemented this
Speaker 4: in communist and socialist countries, they'll implement policies that cause
Speaker 4: shortages and drive out entrepreneurs, and then they'll blame the
Speaker 4: problem on wreckers.
Speaker 5: They love that word.
Speaker 3: Wreckers.
Speaker 4: People just deliberately sabotaging the economy to be evil, and
Speaker 4: they use it to seize more control. We've seen this
Speaker 4: play out repeatedly, have we not.
Speaker 7: It is actually a strategy. We've definitely seen that happen.
Speaker 7: The one thing I will say, and it was true
Speaker 7: in the Soviet Union, but probably even be more so
Speaker 7: in New York City, is that you also get a
Speaker 7: thriving black market. You get underground entrepreneurs who would rise up.
Speaker 7: I think Americans are much less susceptible to this kind
Speaker 7: of thing ultimately than Russian people were, just because of
Speaker 7: our history and our background and we do still have
Speaker 7: this don't tread on me kind of concept built into
Speaker 7: our hearts, and I hope we keep.
Speaker 3: That doctor Steele, and you mentioned, by the way, understanding
Speaker 3: capitalism is a free course that you teach. You can
Speaker 3: get it at Charlie Furhillsdale dot com. So everybody should
Speaker 3: check this out, especially with the rise of DSA. But
Speaker 3: we don't really have to look that far. We don't
Speaker 3: have to go full Cuba or Soviet Union to really
Speaker 3: understand the pitfalls here. Blake likes to point this out
Speaker 3: and maybe in the last two minutes you can expound
Speaker 3: on it if you just look at the UK for example,
Speaker 3: if you go back a few decades, they were basically
Speaker 3: on par with us when it came to per capita
Speaker 3: GDP things like this energy prices. They have gone way
Speaker 3: down the path of stagnation in malays and now they're
Speaker 3: their average GDP I kept per capita GDP is less
Speaker 3: than like Mississippi in Alabama. So are some of our
Speaker 3: poorest states per capita are richer than the UK? Now
Speaker 3: what did they do wrong? What? What? What can we
Speaker 3: look at Europe and kind of surmise about what we're
Speaker 3: doing right and what they're doing wrong.
Speaker 7: Nationalization is one thing that they did of industries, heavy
Speaker 7: heavy regulation, heavy heavy handed labor laws that made made
Speaker 7: it almost impossible to fire somebody who doesn't work. And
Speaker 7: uh so that's been a that's been a huge problem.
Speaker 7: And that that that means that you end up with
Speaker 7: very high unemployment because nobody wants to hire someone who's
Speaker 7: not going to work. Every single country who's gone down
Speaker 7: the heavy regulation road has ended up this way. Argentina
Speaker 7: used to be the rival for the most of the most,
Speaker 7: for the highest growth rate of any economy in the
Speaker 7: New World, rivaled the United States, and Argentina destroyed itself
Speaker 7: with peronism and interventionism, which came more from the arguably
Speaker 7: from the right than the left. But I think the
Speaker 7: right left distinction doesn't matter when you're when you're putting
Speaker 7: regulations on the economy. It's stagnation, that's what you get.
Speaker 3: I think that's so it's such a good point. Argentina
Speaker 3: is a cautionary tale because it was, you know, they
Speaker 3: called it the Paris of the of the Western Hemisphere,
Speaker 3: Buenos Aires and just had massive, massive inflation issues and
Speaker 3: currency issues. Professor Steele, this was excellent thank you so much.
Speaker 3: I think it's so important. So it's fair to say
Speaker 3: the answer to the Great Burrito Debate of twenty twenty
Speaker 3: six is not I'm from the government and I'm here
Speaker 3: to help it.
Speaker 7: Basically, the government doesn't make burrito's. You're Americans, Ida Hamburger.
Speaker 3: That's the right answer. Thank you, doctor Steele. We'll talk
Speaker 3: to you soon. Secretary Scott Besstt joins us in studio next.
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Speaker 3: future depends on. We are joined by an absolute all
Speaker 3: star from the Trump administration and by the way, one
Speaker 3: of our students' absolute favorites. I want you to know that,
Speaker 3: Secretary Bessett, you are time and time again we talk
Speaker 3: to the students and it's always like JD. Marco and
Speaker 3: Scott Besson.
Speaker 6: Great, well, it's great.
Speaker 2: Great to be here, Andrew, good to be with you
Speaker 2: and Blake, and I'm looking forward to going over and
Speaker 2: seeing some of the Turning Point students after this.
Speaker 3: Yeah, and we have a whole new crop of new
Speaker 3: hires and our field program that are I mean hundreds
Speaker 3: of them. And I got to talk to him yesterday,
Speaker 3: and that group of new hires that are going to
Speaker 3: be working with our students all across the country at
Speaker 3: high schools and colleges is larger than our first ever
Speaker 3: Chapter leadership summit so it's just the growth is insane
Speaker 3: and we're just we're grateful, and you know, we're trying
Speaker 3: to honor Charlie every step we take and see through
Speaker 3: the vision that he had, which was I know you
Speaker 3: knew it very well.
Speaker 6: Well, it's good.
Speaker 2: It's great to see this kind of engagement. And you know,
Speaker 2: Charlie's vision, you all know better than anyone, was an
Speaker 2: optimistic vision. It was an open minded vision, which is
Speaker 2: the opposite of what we're seeing in this political cycle
Speaker 2: with this hate, vile, vile messages and you know what
Speaker 2: we're seeing now, you know, I they wish Charlie were
Speaker 2: here to know, to debate some of these creeps who
Speaker 2: are poisoning the debate and you know, our our youth
Speaker 2: and indeed everybody.
Speaker 3: Yeah, well I completely agree, and I think about that
Speaker 3: every day, literally every day.
Speaker 4: I think, let's start with that, then, which is just
Speaker 4: there is a lot of negativity around. There's a lot
Speaker 4: of black pilling, as we call it, from young people
Speaker 4: who say they're falling behind, there's no hope, they don't
Speaker 4: have the opportunity they used to make the case, like
Speaker 4: what has the administration been doing that actually is increasing opportunity?
Speaker 4: For young people, why why should they actually be feeling
Speaker 4: more hopeful.
Speaker 2: Well, boy, what we're not going to do with this
Speaker 2: administration is to do what the Biden administration did and
Speaker 2: tell people they don't know what they're feeling, especially young people.
Speaker 2: Young young people like this generation came out of the Blox.
Speaker 2: First was great financial crisis. Maybe their folks were under pressure,
Speaker 2: maybe they lost their homes. Then they came into COVID.
Speaker 2: Then we had this terrible Biden inflation, the twenty one
Speaker 2: point five percent cumulative inflation, probably higher for working Americans
Speaker 2: for groceries, insurance, auto payments, so that might have been
Speaker 2: as high as thirty five and everything that this administration
Speaker 2: led by President Trump is doing, you know, first, it's
Speaker 2: kind of like a medical procedure. First you got to
Speaker 2: stop the bleeding, which we did, and now we are
Speaker 2: seeing the we're able to turn the ship. And the
Speaker 2: US economy is like an aircraft carrier, is not a
Speaker 2: pt boat. And I and my team are in there
Speaker 2: every day the whole administration, and you know, we're starting
Speaker 2: to see signs that things are turning. We've seen that,
Speaker 2: you know for working Americans, just like in President Trump's
Speaker 2: first term and What I will say is the reason
Speaker 2: people should be optimistic is this is not new for
Speaker 2: President Trump. He did it in his first term. He
Speaker 2: did it in his first term, and we're seeing exactly
Speaker 2: the same contours of that kind of recovery. Now the
Speaker 2: inmplation hadn't been as bad, but we are seeing an
Speaker 2: acceleration of the bottom twenty five percent of way journers
Speaker 2: made the five point five percent increase in plation.
Speaker 3: We got the regrat you tweeted it out this morning
Speaker 3: two fifteen. If you could throw it up and please continue.
Speaker 3: I didn't mean to cut you off.
Speaker 2: No, And look that this was in response to some
Speaker 2: of the legacy media they saying I'd been saying that
Speaker 2: the k economy is ending, and it is the rate
Speaker 2: of change, and five point five percent real wage growth
Speaker 2: or wage growth versus three point five percent inflation, so
Speaker 2: you get two percent, and two percent is not the
Speaker 2: beat all and end all, But then you start accumulating
Speaker 2: that over time and we grow the economy. Because there
Speaker 2: are two ways to get out of this, uh, this
Speaker 2: morass that we're in. One is the slow price increases,
Speaker 2: and we're doing that. You know, we deregulated energy will
Speaker 2: get to the other side of this Iran conflict. Energy
Speaker 2: will come back down, core inflation is lower, and then
Speaker 2: but the real way to prosperity is wage growth and
Speaker 2: job creation. It's like President Trump says, I could have
Speaker 2: created one two million government jobs, but government jobs they
Speaker 2: don't grow faster like they're all indexed to the inflation rate.
Speaker 2: So now that we've got private sector jobs, we're seeing
Speaker 2: this manufacturing boom and both in terms of factory construction,
Speaker 2: and we're seeing numbers like we haven't seen in fifteen years.
Speaker 2: So it's happening what I like for it to happen faster. Sure,
Speaker 2: but I think like the mindset can start changing that
Speaker 2: we are. You know, we have a nascent turnaround, and
Speaker 2: I think we can accelerate from here.
Speaker 4: And immigration is obviously playing a key role in that,
Speaker 4: which is we had who knows ten million plus people
Speaker 4: waved in by President Biden. That's all going to be
Speaker 4: pressure on the wages of that twenty fifth percentile that
Speaker 4: you're highlighting that's lower skill work, younger workers, and so
Speaker 4: it's not surprising we see their wages rising the most
Speaker 4: because if there's less competition there from people they let
Speaker 4: in from abroad, they're going to.
Speaker 2: Get higher wages, and so Blake. It wasn't just on wages.
Speaker 2: And for years that we heard that somehow supplying demand
Speaker 2: on the bondom N labor market, solow it doesn't matter. Well,
Speaker 2: we got a real time experiment that's you know, once again,
Speaker 2: you know, the smuggle lead's proven wrong. But the other
Speaker 2: thing that happened too was these communities when when you
Speaker 2: get and you know, we don't know what it was,
Speaker 2: was ten, was it fifteen? Was it twenty five million illegals?
Speaker 2: There's no new housing stock, so you know, you saw
Speaker 2: rents go through the roof. And now the people don't
Speaker 2: want to admit it, but there are academic studies that
Speaker 2: show where ice goes.
Speaker 6: Rents go down. That's exactly right, rents go down.
Speaker 3: So mister Secretary, you know, we work with a lot
Speaker 3: of these students. We talked to a lot of them,
Speaker 3: and something that I am becoming increasingly passionate about because
Speaker 3: I'm realizing it's a felt need, is there's just a
Speaker 3: basic sort of economic illiteracy that is prevalent within younger generations.
Speaker 3: I'm not blaming them, it's actually our fault for not
Speaker 3: teaching them basic economics supply and demand. You know, I
Speaker 3: think about a conversation at CLS where one of the
Speaker 3: girls said, well, I would love for you know, the
Speaker 3: minimum wage to go up, and I'm like, no, no, no, no,
Speaker 3: no please. So what are we doing on that front?
Speaker 3: I know this is a passion of yours too, and
Speaker 3: how do we address it?
Speaker 6: Well, there are a couple of things.
Speaker 2: And you know, obviously we've we've been deficient in civics
Speaker 2: and turn turning point.
Speaker 6: When I think a turning point.
Speaker 2: You know, I think of it as a civic engagement
Speaker 2: organization and teaching the good lessons of civic responsibility and learning.
Speaker 2: So you know, we were deficient in that. We were
Speaker 2: also really deficient the on financial literacy. When when I
Speaker 2: when I think back, you know, the I'm you know,
Speaker 2: I'm older than you, gentlemen. But back in the day,
Speaker 2: think think of the term home economics. It wasn't just
Speaker 2: a cooking class. It was to teach people how to
Speaker 2: run a budget. How do you the uh run your
Speaker 2: home mortgage payments? And I can tell you, like you know,
Speaker 2: since I was a teenager in my twenties, that's all
Speaker 2: gotten so much more complicated, like you know, buy now,
Speaker 2: pay later, some of these credit card traps. Which is
Speaker 2: the best mortgage? Is it better to when you're a
Speaker 2: certain age, is it better to rent? What's the best
Speaker 2: investment program for your retirement? And I think we've got
Speaker 2: to lean into that. That's why I you know, it's
Speaker 2: for a different generation or for people who are just
Speaker 2: having children now. But that's why I'm excited about Trump accounts,
Speaker 2: because I think that's going to be the ultimate real
Speaker 2: time learning experience. Thirty eight percent of households do not
Speaker 2: have exposure to our great equity markets, and you understand
Speaker 2: they feel left out. And I say it is fitting
Speaker 2: that every American has a piece of the action, and
Speaker 2: that's an important part. Whether it's seeded with the thousand dollars,
Speaker 2: if you have a child born during President Trump's term,
Speaker 2: whether you open it for children, and the contributions come
Speaker 2: from the family, from employers, from states, from great philanthropist.
Speaker 2: But I think we're going to have a real time
Speaker 2: learning experience here because.
Speaker 6: Totally I agree again in these there are two ways.
Speaker 2: There's to understand and budget properly, but then there's too
Speaker 2: grow your assets and know how to do that. In safe,
Speaker 2: smart and sound way, and that's what this administration's trying
Speaker 2: to do.
Speaker 3: I love that you brought up Trump accounts because Blake
Speaker 3: will attest this was one of Charlie's passions. He loved
Speaker 3: it so much, loved this. I'm gonna play this clip.
Speaker 3: This is Charlie just when I think this was during
Speaker 3: the big Beautiful Bill sort of debate. This is SA ten.
Speaker 1: This could change the game and make people capitalists at
Speaker 1: age seven. I could imagine a bunch of nine and
Speaker 1: ten year olds being like, hey, our stock is up today.
Speaker 1: By the way, if you want a spelling bee, they
Speaker 1: could be like, hey, I'm gonna put twenty five bucks
Speaker 1: into your invest America account if you want a sports championship.
Speaker 3: It's a way where.
Speaker 1: Moms, dads, grandfathers, companies, employers. You can tokenize this where
Speaker 1: kids can actually then save their entire childhood and have
Speaker 1: something to point forward to and be co owners in America,
Speaker 1: not just renters.
Speaker 4: Sometimes you'll hear people complain that, you know, America has
Speaker 4: a trillionaire now and Elon Musk, and the reason we
Speaker 4: have a trillionaire is because he owns a big pile
Speaker 4: of equities in our stock market, and the same for Risks,
Speaker 4: all of our biggest billionaires. It's because they own a
Speaker 4: lot in our stock market, and so we should send
Speaker 4: that message, you too can own a piece of this
Speaker 4: from when you're born well.
Speaker 3: And I love this because Charlie used to talk about
Speaker 3: the radical is if you want radicalized politics, get a
Speaker 3: nation of renters, have no skin in the game, yep.
Speaker 3: And this is a way for young people to get
Speaker 3: skin in the game early. And already we're seeing great
Speaker 3: adoption of the Trump accounts, right. These are people are
Speaker 3: embracing this.
Speaker 2: Yeah, we've got seven millions signed up. We're gonna push
Speaker 2: it towards seventy million households who are eligible. And we're
Speaker 2: seeing more than ninety percent of the household signing up
Speaker 2: make less than two hundred thousand dollars.
Speaker 6: So these are likely people who.
Speaker 2: Don't already have a piece of the action, and every
Speaker 2: American should. And I couldn't agree more that when you
Speaker 2: own a piece of the pie, you don't want to
Speaker 2: throw it out the window. That I also think that
Speaker 2: we saw in nutrition, we hear about food deserts, that
Speaker 2: there are people who live in neighborhoods, whether urban or
Speaker 2: rural that don't have access to fresh food, good food,
Speaker 2: well priced food. I think that there were financial service
Speaker 2: deserts and people didn't have the minimum amount. The percent
Speaker 2: of families that don't have five hundred dollars to meet
Speaker 2: a medical emergency, they're not thinking about opening an online
Speaker 2: brokerage account. But as you just said, for them, this
Speaker 2: is a new kind of savings vehicle. You know, it's
Speaker 2: not three percent interest at the bank. You know, for
Speaker 2: a birthday present, put in twenty dollars, for graduation family members,
Speaker 2: corporations can put it in one hundred. I think it's
Speaker 2: going to be a big enticement and new fringe benefit
Speaker 2: that everyone is going to When you're thinking of going
Speaker 2: to work at a company, do you have a Trump
Speaker 2: account match? Do you have a Trump account gifting program?
Speaker 2: Because companies can put up to twenty five hundred dollars.
Speaker 3: That's amazing and I so encourage if you're watching this,
Speaker 3: if you're seeing it on social media, do what Charlie
Speaker 3: was saying and tokenize it. Make it a part of
Speaker 3: a family culture where you incentivize your children to if
Speaker 3: they do certain things that they will get a contribution,
Speaker 3: and then they're going to you know, be eighteen twenty
Speaker 3: one years old. They're going to understand the way that
Speaker 3: compound interest works. They're going to understand these basic principles.
Speaker 2: So Trump accounts, dot GUV go on, yes, do it today.
Speaker 2: And the other thing, too, is a treasury. We've done
Speaker 2: fifteen learning modules. Some of the modules it's based for
Speaker 2: the children. It's based on age, whether you're four or
Speaker 2: six eight. And then it's also for parents because we're
Speaker 2: aware that a lot of the parents who are signing
Speaker 2: up for this have never been involved in the market before.
Speaker 2: And it's really going to teach like the benefits of
Speaker 2: long term compounding and riding with the American dream is.
Speaker 2: We had the two hundred and fiftieth anniversary on July fourth,
Speaker 2: and I always say, our founders never could have imagined
Speaker 2: economically where we could have come, you know, my predecessor,
Speaker 2: Alexander Hamilton.
Speaker 6: They set an.
Speaker 2: Incredible base for our economy. But you know, in terms
Speaker 2: of the tech, in terms of the dynamism, in terms
Speaker 2: of the ability, Like I was getting attacked during my
Speaker 2: confirmation hearing the Senator Comrade Sanders, and he was, well,
Speaker 2: you know, mister Busson, billionaires, it's pretty good.
Speaker 6: I have to I hear it a lot.
Speaker 2: So I can Elon Musk, Mark Zuckerbug, Jeff Bezos, the
Speaker 2: you know, these are oligarchs. And I said a senator,
Speaker 2: they all made the money themselves. And Elon Musk was
Speaker 2: a student immigrant. That's the way it works in America.
Speaker 6: Yeah.
Speaker 3: Amen to that. So you talk about being optimistic, all right,
Speaker 3: So again, apologies for sparking the burrito debate of twenty
Speaker 3: twenty six. But if you're speaking directly to our students
Speaker 3: and you're giving them reason to be hopeful about the
Speaker 3: job market, we got Ai all this stuff, You've got
Speaker 3: the price shocks of the energy in Iran, and all
Speaker 3: this stuff paint the picture of where you see the
Speaker 3: economy going through the end of this year, through the
Speaker 3: next couple of years, if we stay on our current
Speaker 3: track and you know, the Trump effect continues.
Speaker 2: Yeah, and look, my contribution to the burrito debate is
Speaker 2: I'm staying away from Iceberg let us for another month.
Speaker 2: That is a tough way I here to lose weight. Yes,
Speaker 2: so I don't want to do that, but look that,
Speaker 2: as I said, for this group, it has been a
Speaker 2: tough slog and we are just coming out on the
Speaker 2: other side of this. I think thanks to President Trump's
Speaker 2: policies and he was talking about him from day one
Speaker 2: and from his first term, we are going to see
Speaker 2: real income gains and we are going to get prices
Speaker 2: under control, core inflation away from food and energy, which
Speaker 2: are the part of the Iran conflict. We're going to
Speaker 2: get to the other side of this. I hope in
Speaker 2: the next few days we will have an agreement and
Speaker 2: start moving forward. Prices are going to come back down,
Speaker 2: and the job opportunities in the private sector are very,
Speaker 2: very strong.
Speaker 3: What are you seeing in the private sector that's given
Speaker 3: you that confidence? I mean, are we seeing that manufacturing
Speaker 3: but you mentioned it before. Are we seeing this direct
Speaker 3: in vents and building factories and building Yeah?
Speaker 2: So the best in fifteen years, the best in fifteen years.
Speaker 2: When I take my hometown of Charleston, South Carolina, a
Speaker 2: Boeing plant thanks to President from going to selling Boeing
Speaker 2: airplanes around the world. Everywhere we go, you should buy
Speaker 2: more Boeings. They're doing a fifty percent expansion on the Dreamliner,
Speaker 2: so that's construction jobs, and then that's going to turn
Speaker 2: into a thousand. The high paying factory jobs and that's
Speaker 2: replacing the jobs of my childhood, the textile industry, which
Speaker 2: got decimated. The other thing that we're seeing, I know
Speaker 2: there's a lot of anxiety about AI, but one of
Speaker 2: the things that we're seeing with AI that is not
Speaker 2: obvious is we are seeing small business formation go through
Speaker 2: the roof. So I was talking to at one of
Speaker 2: the credit card companies, so you know and payment companies
Speaker 2: that small businesses sign up for, that they have seen
Speaker 2: an eighty percent increase in small business formation just in
Speaker 2: the past year. So with AI, there was an article
Speaker 2: I tell all of your viewers and listeners to go
Speaker 2: back and have a look two weeks ago in the
Speaker 2: Wall Street Journal. It said the rise of the one
Speaker 2: person company. Because if you wanted to go out be
Speaker 2: an entrepreneur, start your own company. Before you might need five, ten,
Speaker 2: fifteen employees. Now a lot of people are doing it
Speaker 2: with one, two or three and some AI agents. So
Speaker 2: I think it's going to be a powerful trend for
Speaker 2: small business fraud.
Speaker 3: It's another huge issue, and you've been out front tackling
Speaker 3: this stuff using the tools of the Treasury. What's some
Speaker 3: good news on that front, because I know there's plenty.
Speaker 2: Well the good news, let me tell you how we're
Speaker 2: fixing the bad news. The bad news is, once the
Speaker 2: money goes out the door, it is very difficult to
Speaker 2: get it back in. So we are cutting it all
Speaker 2: at the source of Vice President Vance. I'm proud to
Speaker 2: be part of his task force. It's an all of
Speaker 2: government effort and we are cutting the fraud out at
Speaker 2: the door. Doctor mamett Oz is doing an incredible job
Speaker 2: on healthcare. We are working on it. In terms of
Speaker 2: payments and what we are seeing. The General Accounting Office
Speaker 2: estimates that there might be between four hundred and six
Speaker 2: hundred billion of fraud every year. That is more, that's
Speaker 2: almost two percent of GDP.
Speaker 3: It hurts to hear that.
Speaker 2: Yeah, I mean it's terrible and look a lot of it.
Speaker 2: I was in Minneapolis and I did a round table
Speaker 2: and what really like tugs at your heartstrings is that
Speaker 2: these payments that were meant for autism centers are getting
Speaker 2: the waylaid and these fraudsters know how to do it.
Speaker 2: Every citizen, every one of your audience should demand is
Speaker 2: transparency because blue states and red states, they don't like
Speaker 2: to tell you where the money goes. So many Minnesota,
Speaker 2: there's a lot of corruption there, but they were very transparent.
Speaker 2: That's how Nick Shirley could go from location to location
Speaker 2: and find the lairing center. But you tried to do
Speaker 2: that in New York, Illinois, California and even some of
Speaker 2: the red states, they are they've clammed up. So demand transparency.
Speaker 2: That should be like every politician should have to sign
Speaker 2: a transparency pledge.
Speaker 3: That's great, But we're making great progress. We're making doing
Speaker 3: a great job there, Blake. I know this is like
Speaker 3: in your sweet spot and you could get really into
Speaker 3: the weeds. But like, we've only got a minute left.
Speaker 3: But the bond market. You were gonna ask about the
Speaker 3: bond marketing.
Speaker 4: Oh yes, so it does look like I've seen people
Speaker 4: agitating that overall interest rates on bonds are up. They're
Speaker 4: also up in Japan, which is another country that we
Speaker 4: have close ties to. Should we be worrying about this?
Speaker 4: I guess people like it seems like ad we borrow
Speaker 4: a trillion dollars it's now fifty billion dollars a year
Speaker 4: of interest when it used to be fifteen billion.
Speaker 2: Yeah, well, Blake, I tell you I worry about it
Speaker 2: enough for all three hundred and forty two Americans. But
Speaker 2: good good news is we actually brought the deficit the
Speaker 2: GDP down and the size of the debt outstanding is tremendous.
Speaker 6: But we are growing our way out of it.
Speaker 2: So as we grow our way out of this, it
Speaker 2: makes it.
Speaker 6: You know. Think think about the if you.
Speaker 2: Had a mortgage and you were you got a mortgage
Speaker 2: when you were thirty, and the monthly payments and everything
Speaker 2: were very tight, but then you did well at your job,
Speaker 2: you got good pay increases, and then you grew your
Speaker 2: way out of it. Everything we are doing is unleashing
Speaker 2: this economy. We can have three four percent real GDP growth,
Speaker 2: and the growth will cure all that if we are
Speaker 2: able to recover some of this waste, fraud and abuse
Speaker 2: and controller spending.
Speaker 3: I am always so encouraged when I hear you talk,
Speaker 3: mister Secretary. I think you are one of the true
Speaker 3: standout stars of this administration. We have so much faith
Speaker 3: in you to navigate a very complex equation every day
Speaker 3: that you got conflicts in the Middle East, You've got
Speaker 3: bond markets, you've got consumer prices index, you got it
Speaker 3: all and you're doing a phenomenal job. You got fraud,
Speaker 3: You're tackling that. By the way, we didn't even get
Speaker 3: to paid family leave, which is something you just issued
Speaker 3: new I.
Speaker 2: Guess guidance on this that this is a family friendly administration.
Speaker 3: Yeah, you guys are doing so much good work, and
Speaker 3: I really really do believe that. And this is kind
Speaker 3: of my worry is that all of these things that
Speaker 3: were done in the one big beautiful bill, the tax cuts,
Speaker 3: all this direct investment, I mean hearing from restaurants or
Speaker 3: building new kitchens, they're taking advantage of these opportunities, the
Speaker 3: accelerated amortization opportunities, So these things are happening. My worry
Speaker 3: is that all this good news is it just takes
Speaker 3: a little while, because you said this is this is
Speaker 3: like turning the Titanic around, and I just hope that
Speaker 3: it starts coming in. I hope the media gives you
Speaker 3: a fair shake and we start getting this good news
Speaker 3: in time for elections.
Speaker 2: Well, I know the media is not going to give
Speaker 2: us a fair shake, but I think it'll be the
Speaker 2: opposite of the Biden Harris campaigns, where the media was
Speaker 2: gaslighting the American people.
Speaker 6: They said, oh, it's a vibe session.
Speaker 2: You don't know how good you have it well, we
Speaker 2: believe what Americans are feeling. The media is telling them
Speaker 2: it's terrible, but I think they're going to start feeling
Speaker 2: and they should be starting to feel better and that
Speaker 2: things are turning and the trend is your friend.
Speaker 3: Yeah, wages growing faster for the bottom income ladder rungs
Speaker 3: than any other than even for wealthy Americans. You've got
Speaker 3: massive new small business growth and formation. You've got a
Speaker 3: lot of things that are that are really really good
Speaker 3: and really positive, and we got to start telling that
Speaker 3: story too, because what we can cannot do is give
Speaker 3: into these DSA commies and seize the means of production
Speaker 3: and let them price fix, because that leads to ruin.
Speaker 3: Secretary Beston, I know you got to run. We appreciate
Speaker 3: your time so much. God bless you for everything you're doing.
Speaker 6: Good to be with you.
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Speaker 3: further ado. We have Nate Friedman. I call him the
Speaker 3: Great Nate Friedman because he's doing like really really important
Speaker 3: work host of the Nate Friedman Show. You can follow
Speaker 3: him an ex at Nate Friedman ninety seven. He's an
Speaker 3: independent journalist. It's going around the country right now documenting
Speaker 3: the rise of Islam in places like Michigan and New York.
Speaker 3: So Nate, welcome to the show. It's good to have you, man,
Speaker 3: and thank you for your work. Why don't you tell
Speaker 3: us about what you're doing? Just give us a thirty
Speaker 3: thousand foot view.
Speaker 9: Sure, so I expose paid protesting, and I expose the
Speaker 9: rise of Islam in the West. I go all over
Speaker 9: the world and I speak to people, and I hear
Speaker 9: them out.
Speaker 3: Why are you focusing on the rise of Islam? Why
Speaker 3: is that important to you?
Speaker 9: Because it goes against our way of life. So when
Speaker 9: I speak to Muslims, I have never spoken to one
Speaker 9: that supports a ban on Sharia. I've spoken to many
Speaker 9: that are looking to implement Sharia in the United States,
Speaker 9: and I don't want to. Eventually, I will have children.
Speaker 9: I don't want my daughter to have to wear a burka,
Speaker 9: and I don't want to live under Sharia.
Speaker 3: I love that. I want to play a clip from
Speaker 3: Charlie just because we've got some clips from you that
Speaker 3: I'm really excited to show, but just to frame it
Speaker 3: for our audience. I think we've played this clip a
Speaker 3: few times, but it's so good and it's so important.
Speaker 3: Clip twenty.
Speaker 1: The spiritual battle is coming to the West, and the
Speaker 1: enemies are Wokeism, re Marxism combining with Islamism to go
Speaker 1: after what we call the American way of life. And
Speaker 1: the American way of life is very simple I want
Speaker 1: to be able to get married, buy a home, have kids,
Speaker 1: allow them to ride their bike till the sun goes down,
Speaker 1: send them to a good school, have a low crime neighborhood.
Speaker 1: Not to have my kid be taught the lesbian, gay,
Speaker 1: transgender garbage in their school, while also while also not
Speaker 1: having them have to hear the Muslim call to prayer
Speaker 1: five times a day.
Speaker 3: That's important.
Speaker 1: We want the American way of life, which is by
Speaker 1: the way Christendom.
Speaker 3: The American way of life is definitely under siege. So
Speaker 3: you tell us, Okay, where in America have you been
Speaker 3: going and tell us what you're seeing when you're on
Speaker 3: the ground.
Speaker 6: Yeah.
Speaker 9: I mean, first off, I've featured that clip and multiple
Speaker 9: of my documentaries. Charlie was so spot on there, it's unbelievable.
Speaker 9: So where have I gone in America? So I've gone
Speaker 9: to Patterson, New Jersey. I've gone to Dearborn, Michigan. But
Speaker 9: a lot of my work documenting the rise of Islam
Speaker 9: has been in Europe, so both in the UK, in
Speaker 9: Italy and Spain. So it used to be that in
Speaker 9: order to show the American people what the rise of
Speaker 9: Islam means, you would go to Europe, but now it
Speaker 9: just seems like you have to walk out your front door.
Speaker 3: Yeah, I agree with you on that. Let's go ahead
Speaker 3: and play. This is grocery shopping in Dearborn, Michigan twenty one.
Speaker 10: If you were to do grocery shopping here in Dearborn,
Speaker 10: this is what you would see. In my two years
Speaker 10: of reporting on the ground, this is the most shocking
Speaker 10: footage that I have ever taken. Our country is becoming unrecognizable.
Speaker 5: I wish it went a little long.
Speaker 4: I'm looking at some of the b roll and even
Speaker 4: it's not even just the hitjob, which that's the head
Speaker 4: scarf that they wear. You see a lot of if
Speaker 4: I'm using my terms right, Nie Cob, where you can
Speaker 4: only see their eyes and nothing else. And do you
Speaker 4: feel like you're seeing even more of that as a
Speaker 4: percentage of the dress that people are wearing.
Speaker 5: Do you ever see full burkas?
Speaker 9: Absolutely so. I'll tell you I've walked up to more
Speaker 9: than one hundred women wearing a nicab across the West
Speaker 9: and I've only ever done an interview with one of them.
Speaker 9: Either they say they don't speak English, or they'll just
Speaker 9: look at me shocked, like I'm talking to them. This
Speaker 9: is not assimilation. I mean, what happens if a child
Speaker 9: lost their parents, Like their parents, they can't find them
Speaker 9: in the grocery store and they walk up to a
Speaker 9: woman who's wearing a nicab and can't speak English. This
Speaker 9: is not assimilation.
Speaker 3: Yeah, it's you say, it's it's unrecognizable. And yet the progressives,
Speaker 3: there is this red green alliance that is forming, and
Speaker 3: you see it with l Sied in Michigan where you've
Speaker 3: got Hassan Piker, radical progressive who's you know, raised in
Speaker 3: Turkey by the way, partnering up with El Sied, who
Speaker 3: is basically raised in Egypt. Yeah he has you know,
Speaker 3: American roots as well. But they're and they're embracing these
Speaker 3: radical DSA policies which are just gonna flood the country
Speaker 3: with even more Muslims. And they don't see any you know,
Speaker 3: issues with Islam at all. They just they think of
Speaker 3: this tabla rasa idea that he uman beans or blank slakes,
Speaker 3: that they bring nothing in with their culture. But as
Speaker 3: Charlie has was very eloquent about talking about Islam is
Speaker 3: a conquering ideology. It is a political conquering ideology. And
Speaker 3: we have clips after clips of these moms saying we
Speaker 3: are going to institute Shariah when we get enough power.
Speaker 3: They're pursuing incrementalism right while our side is pursuing accelerationism.
Speaker 3: And they want to burn down the GOP because it's
Speaker 3: not ideological pure enough for them or something. And by
Speaker 3: the way, it's okay to have critiques, that's part of
Speaker 3: politics to have criticisms of Trump or whatever. But they
Speaker 3: want to burn it all down to let the Democrats.
Speaker 3: When what's going to happen. When that happens, You're gonna
Speaker 3: have three to five million illegals fled the country. You're
Speaker 3: gonna have a lot of Muslim immigration, and they're going
Speaker 3: to incrementally gain more and more political power. And what
Speaker 3: are they going to do with that political power? Do
Speaker 3: you have insights on what they want to do with
Speaker 3: that political powers they get?
Speaker 9: Why don't we at why don't we look at what
Speaker 9: they've already done? So what happens when they become a
Speaker 9: majority in the city. Look at ham Tramik. Is it
Speaker 9: progressive that they've banned the pride flag? When Muslims became
Speaker 9: a majority in ham Trammick, they banned the pride flag
Speaker 9: and yet the left is marching saying we want more Islam.
Speaker 9: I mean, you can see this is not going to
Speaker 9: end well in the UK. Thankfully the United States we
Speaker 9: have free speech. But I have spoken to Muslims in
Speaker 9: the UK that say we are going to put Muslim
Speaker 9: members into Parliament, they are going to instill Sharia and
Speaker 9: then we are going to live under Strait. They tell
Speaker 9: us their plans and we have elon who bought X
Speaker 9: and we have free speech. But imagine we didn't, it
Speaker 9: would the destruction of the West would be excelled dramatically.
Speaker 4: You say, going to but Britain we already see free
Speaker 4: speech is radically curtailed.
Speaker 3: Especially if you're especially if you're criticized.
Speaker 5: Especially if you're critical of Islam.
Speaker 4: You'll have the police will call and say, you know,
Speaker 4: it's not illegal what you did, but I mean you're
Speaker 4: you're you're disturbing the peace and you know we're we're
Speaker 4: very concerned about it, and sometimes they will just prosecute
Speaker 4: you for saying the wrong thing online. I was think
Speaker 4: it's so funny, Andrew, do you remember early Trump day
Speaker 4: they got essed early Trump's first term, they got obsessed
Speaker 4: with that show.
Speaker 5: The handmaide tail.
Speaker 4: Yes, and they were talking they were going to put
Speaker 4: all the women in the Yeah, the Christian nationalists are
Speaker 4: going to put all the women in the handmade.
Speaker 3: Costumes and such a good point.
Speaker 5: And I just think about that, and then I see
Speaker 5: these clips from from Dearborn.
Speaker 4: They literally want to bring in as many Nikab wearers
Speaker 4: as possible, which is even more restrictive than those till.
Speaker 3: Really good point. Actually we should make that point more loudly.
Speaker 3: Here's some more footage. I don't know if this is
Speaker 3: in Dearborn or in New York, but you can tell
Speaker 3: me after you see the clip. This is a guy
Speaker 3: casually admitting that he has he approves of Hesbela. Two.
Speaker 9: I finally could to speak to someone actually from Lebanon,
Speaker 9: because a lot of people, you know, they assume what
Speaker 9: you guys want, and they assume. So my question to
Speaker 9: you is, like, where do you stand on which government
Speaker 9: is it? Is it Hesbalo or is it something else?
Speaker 9: Like where what's going on? Actually I'll tell you truth.
Speaker 7: Yeah, BUTLA yeah only protects Lebanon.
Speaker 6: Yeah.
Speaker 3: If there's no BUTLA is gone Lebanon, right, Israel will
Speaker 3: take it over. That's the only thing keep yeah, Bulla,
Speaker 3: don't cause trouble. Oh, Habulla, don't cause trouble. So these
Speaker 3: are people, these are your neighbors now thanks to mass migration.
Speaker 9: When he says that Hesbola doesn't cause trouble, why doesn't
Speaker 9: he ask the over two hundred Marines families who lost
Speaker 9: their brothers, their sons in the Beirut bombing. I mean
Speaker 9: he is pro terrorism. This is a this is a
Speaker 9: terror group that has killed over two hundred American Marines.
Speaker 9: And I asked him, do you want United States to
Speaker 9: be allied with Hesbela and he said, hell yeah, so
Speaker 9: it's happening.
Speaker 6: It's here.
Speaker 3: Jeez, that's a that is actually a really shocking just
Speaker 3: to think about if they actually do gain political power
Speaker 3: and the rise of what we're already seeing on the
Speaker 3: Democrat side. Oh yeah.
Speaker 9: If I can just add one thing about that really quick.
Speaker 9: When I asked him who he was voting for, he said,
Speaker 9: what do you think?
Speaker 3: I'm Arabic.
Speaker 9: So this is a voting block. It doesn't need to
Speaker 9: become a majority for us to live under the DSA.
Speaker 9: They need to get maybe double the amount again one
Speaker 9: more time, and then that's it. If you look at
Speaker 9: in the year two thousand, we had a twelve hundred
Speaker 9: Moss in the United States and now we have thirty
Speaker 9: two hundred. It continues going. At this rate, we will
Speaker 9: live under the DSi.
Speaker 3: Well, and that's a really interesting point too. I mean
Speaker 3: I was about to make the point that imagine how
Speaker 3: our foreign policy is about to shift. You know, are
Speaker 3: we going to form alliances with Hesbelah? Is that like
Speaker 3: where is this where this is going? And like you
Speaker 3: know Hamas. But there is another point that you're making,
Speaker 3: I think, Nate, that is really important. You don't need
Speaker 3: a majority. These people will fundamentally transform the country when
Speaker 3: they get to ten percent, when they get to fifteen percent.
Speaker 3: And by the way, that is exactly their plan. They
Speaker 3: want to outbreed us, they want to outbreed us, and
Speaker 3: they want to migrate to US. Go ahead, Nate, final
Speaker 3: twenty seconds.
Speaker 9: If you look at if you look at the UK, right,
Speaker 9: So they've got a Muslim mayor, and they've got a
Speaker 9: Muslim Home Secretary who's in charge of immigration police. So
Speaker 9: and even in Birmingham, I asked them, you know, you
Speaker 9: got thirteen new Muslim counselors in Birmingham, thirteen new Muslim counselors.
Speaker 9: So you do not need to be a majority of
Speaker 9: the of the whole country to get what you want.
Speaker 11: America. Okay, if we don't want them to implement secularism,
Speaker 11: so what do we want them to implement? They say
Speaker 11: that America.
Speaker 6: Now, okay, there.
Speaker 11: Is not enough Musliums for them and to implement this.
Speaker 11: But now it is our the challenge as the art,
Speaker 11: as intellectuals, as academic to present solutions based on Islamic values,
Speaker 11: but in the second level degree not to tell them
Speaker 11: replace cecularism with Islam it won't work.
Speaker 3: So that is an Islamic scholar saying that there's not
Speaker 3: enough Muslims yet to implement sharial law and these we
Speaker 3: have to get more power and implement it. Little by little,
Speaker 3: they're telling us what they want to do, and you
Speaker 3: want to see what it looks like. Look at twenty five.
Speaker 3: This is play clip twenty five.
Speaker 4: It just always stands out to me how it's very
Speaker 4: loud and like very it's very intrusive public.
Speaker 3: And that's not Europe, folks, that's not Amsterdam or something
Speaker 3: like that, or it's not England. That's New York City.
Speaker 3: I believe that was Central Park too. Nate Friedman joins
Speaker 3: his host of The Nate Friedman Show. He's an independent
Speaker 3: journalist who's covering this all over the West, all over
Speaker 3: the world. Nate, what do you make of both those
Speaker 3: clips we just played. They're telling us their moves, they're
Speaker 3: telling us their play, they're telling us where they're going
Speaker 3: with this, but we're already seeing it.
Speaker 9: All we have to do is pay attention the people
Speaker 9: that are propping them up. The left needs to pay
Speaker 9: attention the most. Right, the people that are giving them
Speaker 9: a voice are the ones that need to pay attention
Speaker 9: the most. And something that you said that is very striking, Andrew,
Speaker 9: you said you had to show the audience this is
Speaker 9: not Europe. Isn't it quite something that you need to
Speaker 9: clarify that this mass congregation of thousands of Muslims praying
Speaker 9: out outside is not in Europe. You would you would
Speaker 9: think you would have to say it's not in Kabul
Speaker 9: or something, but now you have to specify it's not
Speaker 9: in Europe because there's been a takeover in Europe.
Speaker 3: That's a really good point. I didn't even I didn't
Speaker 3: even realize what I was doing, but you're absolutely right,
Speaker 3: they're taking over the Bronx. Though. This is some more
Speaker 3: footage that you have uncovered, and they're calling it Little Yemen.
Speaker 3: Little Yemen. YEMENI got a good place.
Speaker 4: I want a complete shutdown of new little countries until
Speaker 4: we can figure out what is going on.
Speaker 3: Uh St twenty three. I notice your tattoo.
Speaker 9: Could you say what it says?
Speaker 3: Say a mass?
Speaker 9: Yeah, this is Little Yemen. Does this look like the
Speaker 9: Bronx to you? I'm filming a YouTube video about Little Yemen.
Speaker 9: Can I ask you a question.
Speaker 6: Arabic?
Speaker 4: Yeah?
Speaker 9: This is Ibrahim all omdi Way. So this was the
Speaker 9: former president of Yemen, and this street, the main street,
Speaker 9: has been renamed after him. If you didn't know that
Speaker 9: there was a Little Yemen, neither did I until Momdani
Speaker 9: made this map of neighborhoods around New York City, including
Speaker 9: Little Egypt, Little Bangladesh, and Little Palestine.
Speaker 6: But he left out Little Italy.
Speaker 3: Wow, I had not seen the end of that. He
Speaker 3: left off Little Italy in New York City, Oh yeah yeah,
Speaker 3: and replaced it with Little Yemen. This is what happens, Kash,
Speaker 3: just the erasure of America. Yes, so what part of
Speaker 3: the this is in the Bronx that they have little Yemen.
Speaker 7: Now.
Speaker 9: Yeah, like I said, I didn't know there was a
Speaker 9: little Yemen, right, So it's important to remind ourselves that
Speaker 9: the Huthies control the capital of Yemen and their slogan
Speaker 9: is death to America. Another question for ourselves is how
Speaker 9: does a little Yemen? How does it benefit the United States?
Speaker 3: I think it's clear doesn't.
Speaker 4: All I can think of is just what it's New York,
Speaker 4: so they're not exactly gung ho on stopping fraud as is.
Speaker 4: There's a lot of Nick surelesque stuff going on there
Speaker 4: with adult daycare and other in the home health aids
Speaker 4: in New York, And all I can think of is,
Speaker 4: like what percent of Yemen's GDP is basically New York local, state,
Speaker 4: or federal programs for this or that that are funneling
Speaker 4: money into there and then they skim off a bunch
Speaker 4: of it and they send it back to Yemen.
Speaker 3: It's cultural suicide on so many levels. These people hate us.
Speaker 3: They want death to America. That gentlemen was saying Hamas.
Speaker 3: This guy's pro Hamas. They want to rip off our
Speaker 3: welfare system, they want to manipulate our civics system to
Speaker 3: ultimately seize power, seize wealth, and topple the American way
Speaker 3: of life, and we are something about letting it help happen.
Speaker 3: Go ahead, and Nate, So the.
Speaker 9: Guy with the Hamas tattoo get this. He wants Hamas
Speaker 9: to run the United States government and he's on welfare,
Speaker 9: so you're paying for his cost of living.
Speaker 6: Jeez.
Speaker 3: More footage from the Nate Friedman Show top twenty four.
Speaker 9: My first stop in Lil Yemen was the Bronx Muslim
Speaker 9: American Society Mosque, which just got a million dollars of
Speaker 9: taxpayer funds to build another location ten times the size,
Speaker 9: all while being an arm of the Muslim Brotherhood. More
Speaker 9: on that later.
Speaker 4: In this video, leaders at the center say the Muslim
Speaker 4: community is growing and an expansion is long overdue.
Speaker 9: So it says ICE law enforcement may not enter that
Speaker 9: judicial warmant by care New York no ice or lawnforcement,
Speaker 9: and yet they're taxpayer funded.
Speaker 6: Go figure, Well.
Speaker 9: I'm neither, So let's go in.
Speaker 10: This is the Islamic takeover of the Bronx.
Speaker 3: Jeez, we're paying for We're paying for our own demise.
Speaker 3: I just can't get over it. And we won't even
Speaker 3: let Ice get rid of the illegals. What did you
Speaker 3: see when you got inside?
Speaker 9: Yeah, I spoke to him. Man I actually brought my
Speaker 9: Koran with me and I talked to him about Sharia
Speaker 9: and he said, Inchila, Islam will take over the West
Speaker 9: and that he supports it. But he says, if we
Speaker 9: call a Sharia, people get worried. I said, well, that's
Speaker 9: what it is. So it was an interesting conversation. People
Speaker 9: can check it out on that channel.
Speaker 3: Inchila. By the way, we have a clip. We should
Speaker 3: bring it up the LSI ed saying, a lot of
Speaker 3: InChI law's happening. If there was one thing, Nate, that
Speaker 3: you could just shake everybody and get them to understand
Speaker 3: of what you've discovered in your reporting, what do you
Speaker 3: want people to know and understand at a more fundamental,
Speaker 3: deeper level.
Speaker 9: Sure, So in these in these neighborhoods I go to
Speaker 9: that have been overtaken by Islam, I don't see the
Speaker 9: progressive people that voted for it. I don't see them.
Speaker 3: Where are they?
Speaker 9: So I want people to think about that. You know,
Speaker 9: in a democracy, our voice is our vote, and we
Speaker 9: can make our voice louder by telling people what's going on,
Speaker 9: so perhaps they won't vote for an Islamis communists.
Speaker 3: Yeah, and you always got to wonder. There are fifty
Speaker 3: Muslim majority countries in the world. Why are they moving
Speaker 3: to the West. Is it for our freedoms? No, because
Speaker 3: they want to institute zero freedoms. They want to institute
Speaker 3: shari llah. They're coming here to conquer it.
Speaker 4: They want to take over a country that they could
Speaker 4: have never created on their own.
Speaker 3: Nate Friedman, thank you so much for this work. Thank
Speaker 3: you you for continuing to do it. I know it's
Speaker 3: it's hard, it's dangerous, but God bless you for doing it.
Speaker 9: Man.
Speaker 3: Thanks for coming on, Thank you, thanks for having me.
Speaker 3: What a show. See you guys tomorrow. For more on
Speaker 3: many of these stories and news you can trust, go
Speaker 3: to Charliekirk dot com.