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Speaker 1: You're listening to the Buck Sexton Show podcast, make sure

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Speaker 1: you subscribe to the podcast on the iHeart Radio app

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Speaker 1: or wherever you get your podcasts. Shoulder to Shoulder Shield Time.

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Speaker 1: Welcome to the Buck Sexton Show team. Welcome to the

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Speaker 1: Freedom Hunt Monday, November fourteenth edition of the program. Republicans

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Speaker 1: just at the very edge of taking control of the

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Speaker 1: House of Representatives. This is a very good thing. And

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Speaker 1: then there's some bad things like the Democrats took the

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Speaker 1: Senate over the weekend, Laxalt lost in Nevada, Masters lost

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Speaker 1: in Arizona. We have to do the after action, deep

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Speaker 1: dive analysis here into just what happened, what went wrong?

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Speaker 1: We will, And then what if I told you that

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Speaker 1: there may be the biggest bankruptcy in recent memory, perhaps

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Speaker 1: the biggest bankruptcy anyone's ever heard of, underway right now.

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Speaker 1: And the guy behind the whole thing was the second

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Speaker 1: biggest individual donor to Democrats in this election cycle, spent

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Speaker 1: forty million dollars on Democrats this election cycle. You'd say, WHOA,

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Speaker 1: what's going on there? FTX crypto something we're gonna be

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Speaker 1: talking about here, and all the people who got fooled

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Speaker 1: on that all the people who were supposed to know

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Speaker 1: better and they didn't know better. What a shock. We'll

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Speaker 1: get to that, But how do you become a real

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Speaker 1: estate investor if you are like me and you'd always thought,

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Speaker 1: you know, I want to invest in real estate. I

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Speaker 1: want to own a tangible, productive asset. And that's what

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Speaker 1: a real estate investment can be if you do it

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Speaker 1: the right way. While I met my friends had done

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Speaker 1: for your real estate, and ever since then, I've been

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Speaker 1: off of the races with real estate. I've been doing great.

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Speaker 1: They take you through every step of the process, from

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Speaker 1: figuring out what region the country you want to invest in,

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Speaker 1: getting in touch with brokers on the ground to point

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Speaker 1: you to a great house that they think we'll really appreciate. Well,

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Speaker 1: we'll get a tenant in there quickly, and then they

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Speaker 1: help you get the mortgage in place. They put you

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Speaker 1: in contact with a management company. The management company will

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Speaker 1: just deal with all the stuff day to day. It's

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Speaker 1: a phenomenal system, but you got to check it out

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Speaker 1: for yourself. Good a done for you buck dot com

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Speaker 1: to see how this works. Become a real estate investor

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Speaker 1: like me. I own multiple houses that I have bought

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Speaker 1: through done for your real estate and all of them

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Speaker 1: have been excellent investments for me so far. And it's

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Speaker 1: very early in the process. This is long term, stable

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Speaker 1: real estate investing and I trying to be a quick

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Speaker 1: buck artist and flip things, you know, overnight or anything

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Speaker 1: like that. This is meant to be over the long

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Speaker 1: haul with experts who will walk you through every step

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Speaker 1: of the process and be there for you to make

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Speaker 1: sure you're doing it the right way. Good done for you,

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Speaker 1: Buck dot Com. Again, that's done for you, Buck dot

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Speaker 1: com to begin your real estate investment journey today. Now,

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Speaker 1: the midterms look didn't go exactly as we wanted to.

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Speaker 1: That much is clear. There's some interesting analysis you can

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Speaker 1: take from the data on all of this. One thing

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Speaker 1: is that Republicans won the country in terms of voting,

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Speaker 1: the popular vote, if you will, buy about three percentage points.

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Speaker 1: And this was a big shift, say from the twenty

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Speaker 1: eighteen interm elections. So Republicans did get a lot of votes,

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Speaker 1: a lot more votes in the aggregate than Democrats did,

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Speaker 1: So there was a red wave. The problem is how

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Speaker 1: it was distributed, meaning we didn't have all the votes

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Speaker 1: we needed in all the places that we needed them.

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Speaker 1: Now that comes down to a number of issues. There's

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Speaker 1: a lot of stuff here. There are some competing data

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Speaker 1: points and different lines of analysis that are valid but

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Speaker 1: would seem at some level maybe to be contradictory. So

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Speaker 1: let's start with what happened in some of these close

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Speaker 1: senate races like La Salt in Nevada and Masters in Arizona.

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Speaker 1: Lacksalt was definitely supposed to win, he did not, and

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Speaker 1: Blake Masters was right neck and neck with Kelly and

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Speaker 1: he's lost. He's lost pretty considerably at this point. So

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Speaker 1: what went wrong here? Well, there's gonna be a lot

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Speaker 1: of fighting over this because within the GOP going forward,

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Speaker 1: there are people who are gonna want to say. First

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Speaker 1: of all, I hear a lot of people already saying, oh, well,

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Speaker 1: they cheated, and to this, I just want to say how.

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Speaker 1: I'm not saying they didn't, but just show me how,

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Speaker 1: show me where the cheating is. If you want to

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Speaker 1: say they rigged the system, that they rigged the voting

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Speaker 1: so that it favors democrats by doing expanded in early voting,

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Speaker 1: universal registration mail and dolling all that, yeah, I agree

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Speaker 1: with all that, but you just say they cheated, Okay,

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Speaker 1: So should we just do the do the same thing,

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Speaker 1: the same strategy, the same approach going forward, because we

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Speaker 1: did so well this time. I think that was a

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Speaker 1: little bit of the approach the GOP took after twenty

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Speaker 1: twenty with at least some of these candidates. The candidates

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Speaker 1: who did really well. Governor Rabbit of Texas won by

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Speaker 1: over ten points. Rhn de Santisa, Florida run by twenty points.

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Speaker 1: Even Liezelden, who lost but who closed the gap in

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Speaker 1: New York dramatically. Those candidates ran on issues that were

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Speaker 1: very much kitchen table, very straightforward, you know, the economy, crime,

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Speaker 1: the border, schools, things like that, and the voters rewarded them.

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Speaker 1: People are saying right now, oh, it was all about abortion.

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Speaker 1: It was all Roe v. Wade being overturned by the

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Speaker 1: dab's decision. That meant Republicans didn't do quite as well.

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Speaker 1: That's true in some places, but it's not true nationwide.

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Speaker 1: Governor of Ohio Mike DeWine, he's he's did very well

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Speaker 1: and he's not a pro abortion guy. Governor of Governor

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Speaker 1: Lee of te of Tennessee, he did very well. Very

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Speaker 1: restrictive anti abortion regime in Tennessee, which is great. By

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Speaker 1: the way, Texas another governor who is not a pro

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Speaker 1: abortion governor who is a pro life governor, Ron de

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Speaker 1: Santis has Florida has a fifteen week abortion ban in place.

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Speaker 1: So governors did fine despite being Republican and despite their

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Speaker 1: positions on abortion. So it's not enough to just say, oh,

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Speaker 1: it was the abortion issue. That's not true. So then

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Speaker 1: beyond that we say, okay, well, then what was it? Well,

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Speaker 1: it depends on where you are, depends on who you're

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Speaker 1: talking about, and what the circumstances of that specific elect

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Speaker 1: that specific election may be. There's obviously a lot of

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Speaker 1: people that are pushing, including Democrat. Democrats are pushing the

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Speaker 1: idea that Donald Trump had a very negative effect on

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Speaker 1: the GOP. What's interesting is here's Elizabeth Warren, for example,

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Speaker 1: who who Bristols? Ah, what do you mean? You're kind

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Speaker 1: of just hands a credit to Donald Trump for the

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Speaker 1: Democrats were winning. Here's she is Blake Clipto. Donald Trump,

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Speaker 1: with his preening and his selection of truly awful candidates,

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Speaker 1: didn't do his party any favors. But this victory belongs

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Speaker 1: to Joe Biden. It belongs to Joe Biden and the

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Speaker 1: Democrats who got out there and fought for working people.

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Speaker 1: The things we did were important and popular. The president's

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Speaker 1: leadership put us in a position, every candidate up and

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Speaker 1: down the ballot, to talk about what Democrats fight for

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Speaker 1: and what we deliver on, and by doing that, we

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Speaker 1: were able to address the values and the economic security

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Speaker 1: of people across this country. And its sure paid off.

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Speaker 1: It paid off at historic levels. Not really Canada pends pens.

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Speaker 1: I mean, first of all, they lost that. They've lost

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Speaker 1: the House. I don't think it has officially officially been called,

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Speaker 1: but it's going to be. They've lost the House, and

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Speaker 1: they stayed the same in the Senate. Now, they did

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Speaker 1: stave off some challenges at for governor's seats that I

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Speaker 1: gotta say very disappointing. I don't know what to tell

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Speaker 1: people who live in Michigan who vote for whittenmor I

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Speaker 1: don't know what to tell people who live in New

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Speaker 1: York who vote for hocol. It's a bad decision. It's

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Speaker 1: a bad decision that what they did to kids in school,

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Speaker 1: what they did during COVID, what they've done with regard

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Speaker 1: to crime policies in those states is honestly just madness.

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Speaker 1: But some people embrace that madness for whatever reason, For me,

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Speaker 1: because it makes them feel good, because of the virtue

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Speaker 1: signaling out of there's a whole whole bunch of things

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Speaker 1: that you can point to. But for me, it was

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Speaker 1: so obvious that those individuals should lose. So I sit

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Speaker 1: here and I say, what is it? But then I

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Speaker 1: realized Democrats are delusional. They're just delusional. You can tell

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Speaker 1: the Democrat who's in a less safe city, Let's say,

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Speaker 1: who has less money to pay their bills. Let's assume

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Speaker 1: they're not one of those Democratic lads less money to

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Speaker 1: pay their bills because of inflation, because of the spending

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Speaker 1: that Biden did. And you can look at them and

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Speaker 1: you say, hey, everything that is measurable about your life

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Speaker 1: that is connected to a policy, a government decision of

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Speaker 1: some kind has gotten worse. But you're still going to

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Speaker 1: vote for the people who did this to you. I mean,

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Speaker 1: here is I mentioned Gretchen Whitmer, who is just an honestly,

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Speaker 1: an appalling and immoral politician. She lied bald faced lie

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Speaker 1: about how schools are only closed for three months. That's

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Speaker 1: a total lie. But here she is noticed the way

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Speaker 1: she talks with this because abortion was on the ballot

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Speaker 1: in Michigan. They made it a referendum issue, and Michigan

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Speaker 1: did not go well for Republicans. Michigan was not a

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Speaker 1: good state for Republicans in the cycle at all, and

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Speaker 1: Tutor Dixon, who I thought was a strong candidate, was

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Speaker 1: not close. I think she lost by eleven points, which

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Speaker 1: is a and for a governor, as in a state

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Speaker 1: that's purple ish not good. Here is just giving a

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Speaker 1: sense of this. Here is Gretchen Whitmer telling every buddy

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Speaker 1: about how she speaks on this issue of abortion. It's

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Speaker 1: about a woman's health decisions. Play seven. We haven't done

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Speaker 1: this in Michigan, but four times over the last one

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Speaker 1: hundred and thirty years. This was a massive turn of events,

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Speaker 1: and I think part of it was Democrats were fighting

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Speaker 1: to solve problems, make people's lives better, but also protect

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Speaker 1: our ability to make our own decisions about our bodies.

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Speaker 1: These are fundamental core issues if we're going to design

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Speaker 1: our lives and make our decisions around our families, that is,

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Speaker 1: you know, without question, an economic decision as well. I

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Speaker 1: know a lot of folks kind of wanted to say,

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Speaker 1: should we talk about the economy or abortion? But the

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Speaker 1: fact of the matter is the ability to decide when

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Speaker 1: and whether to have a child is the biggest economic

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Speaker 1: decision a woman will make over the course of her lifetime,

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Speaker 1: and that's why we kept that front and center to

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Speaker 1: I mean, they're talking about killing tiny babies. What she

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Speaker 1: says sounds very different from that, doesn't it. But she's

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Speaker 1: talking about a little human being that could fit in

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Speaker 1: basically the palm of your hand, little eyes, heart, little fingers,

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Speaker 1: and I don't want it. It's going to be expensive,

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Speaker 1: so she thinks that's some kind of a win. I mean,

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Speaker 1: it's notice the way she speaks about it, though, Why

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Speaker 1: doesn't you just say, yeah, we think that the termination,

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Speaker 1: the ending of the life of a fetus is something

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Speaker 1: that should be fine if it is economically convenient. Some

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Speaker 1: Democrats will say that, But instead she just says, oh,

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Speaker 1: it's about a woman's autonomy in decision making. That's actually

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Speaker 1: about a baby in the womb. That's what it's really about.

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Speaker 1: But they won't speak about that. I think one of

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Speaker 1: the huge law, one of the huge shortcomings of Republicans

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Speaker 1: in this cycle was that they didn't tell people. The Democrats.

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Speaker 1: They just passed along Colorado Polis who just won. They

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Speaker 1: passed along Colorado that says you can have an abortion

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Speaker 1: for all nine months of her pregnancy. The state of

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Speaker 1: Colorado passed that law. People need to know that when

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Speaker 1: Democrats say health autonomy, they mean you can have an

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Speaker 1: abortion any time, for any reason, at any stage of

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Speaker 1: her pregnancy. So you have the legal right to murder

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Speaker 1: a baby in the womb when it is a baby

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Speaker 1: that would survive on its own without the mother, no problem,

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Speaker 1: ready to go, ready to be delivered. That is not

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Speaker 1: a human being. That is what the Democrats say. That

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Speaker 1: is what they believe. It is not a human being.

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Speaker 1: Nine months not a human being. It's about a woman's

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Speaker 1: autonomy in her choices. This is monstrous stuff. But Republicans

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Speaker 1: did not do well on explaining this to people. I mean,

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Speaker 1: you look even at a state like Florida where they

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Speaker 1: have a fifteen week abortion then in play, so after

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Speaker 1: fifteen weeks, you're not it's illegal for the provider to

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Speaker 1: have an abortion. That's the same that they have pretty

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Speaker 1: much all over Western Europe. This is not radical. In fact,

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Speaker 1: I think for the pro life movement it's not nearly enough,

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Speaker 1: but at least it's a move in the right direction.

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Speaker 1: But they say that's radical. No, the radicals on this

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Speaker 1: issue are the Democrats, the mainstream Democrat party to d

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Speaker 1: and see, there's no question about that. If radical has

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Speaker 1: any meaning, American people aren't within nine month a third

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Speaker 1: trimester abortion. They don't think that by huge majorities. They

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Speaker 1: don't think that's okay. But they conflate the issue. They

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Speaker 1: play word games. They make it complicated and convoluted, and

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Speaker 1: it's about a woman's autonomy and all this other stuff.

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Speaker 1: Gretcha Whitmer is absolutely or horrible. I'll talk to you

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Speaker 1: in a second year about this. FTX and Sam Bankman

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Speaker 1: freed for a second, which is just a remarkable story.

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Speaker 1: But you'll notice I'm sitting in it right now, my

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Speaker 1: X chair. It's amazing and you can get the most

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Speaker 1: luxurious office chair you'll find anywhere. The X chair only

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Speaker 1: twenty dollars a month right now with financing, so for

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Speaker 1: less than a dollar a day, you can own something

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Speaker 1: that's gonna make the hours spend at your desk a

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Speaker 1: thousand times more comfortable and productive. I love this X

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Speaker 1: chair I'm sitting in. If I could get everyone I

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Speaker 1: know one of these, the gift reviews would be over

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Speaker 1: the top. Until you sit in one of these X chairs,

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Speaker 1: you can only partially appreciate what I'm sharing with you

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Speaker 1: It's cool actually when you go online to when you

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Speaker 1: go on line to the site, you can pick all

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Speaker 1: these different extras like do you want a footrest, do

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Speaker 1: you want armrest? Do you want a heating pad for

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Speaker 1: your back? Do you want a headrest? What color do

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Speaker 1: cooling function. They got it all. There's an X chair

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Speaker 1: for you all kinds of different styles of chair. To

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Speaker 1: check out all the options and their phenomenal financing plans

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Speaker 1: dot com. No other chair can compare to X chair.

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Speaker 1: Go to xchairbuck dot com. Now, so ft Crypto, I

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Speaker 1: mean to me, blockchain technology is very interesting and I

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Speaker 1: think has big applications for the future. Bitcoin I think

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Speaker 1: is here to stay because it has so many people

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Speaker 1: who believe in bitcoin and are already using it, but

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Speaker 1: I mean all these coins that are being creative. This

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Speaker 1: is this is the digital version of Tulipmania in Holland.

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Speaker 1: This that's what this is where they just there were

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Speaker 1: tula bulb variety varieties that were, you know, selling for

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Speaker 1: one hundred times an average person's salary for a year.

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Speaker 1: And it's just nuts total bubble, the total bubble activity.

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Speaker 1: So FTX is this exchange right the place where you

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Speaker 1: can buy and trade different cryptocurrencies. They set it up

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Speaker 1: to be just that. And this guy, Bankman Freed, Sam

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Speaker 1: Bankman Freed became the like the toast of the town

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Speaker 1: in the crypto world. Man, this guy. They changed the

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Speaker 1: name of the arena in Miami to the FTX Arena.

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Speaker 1: This guy was doing ads with Tom Brady and Gizelle.

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Speaker 1: He was worth billions of dollars himself. They estimated the

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Speaker 1: worth of this platform was in the tens of billions

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Speaker 1: of dollars. Well, now it's gone bankrupt, it's completely collapsed,

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Speaker 1: billions of dollars of losses already that investors are going

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Speaker 1: to have to deal with. This guy is set up

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Speaker 1: in the Bahamas. People saying he may decide that he's

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Speaker 1: just gonna flew to a non extradition country because he's

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Speaker 1: been saying things publicly. He even deleted a tweet where

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Speaker 1: he said the company's fine, and then it's like, well, actually,

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Speaker 1: the company's going bankrupt. He's gonna be even if he

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Speaker 1: doesn't end up going to federal prison, assuming he doesn't

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Speaker 1: go to a non extradition country. Even if he doesn't

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Speaker 1: go to federal prison, he's going to be dealing with

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Speaker 1: federal investigation of this thing because there's billions and billions

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Speaker 1: of dollars of losses. How does that happen? There are

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Speaker 1: allegations that this guy set up an exchange where it's

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Speaker 1: almost like a bank, but instead of having money, you

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Speaker 1: have different cryptocurrencies. And this allowed him to take people's

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Speaker 1: money and say, oh, I'll buy x y Z crypto

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Speaker 1: for you and hold it for you in this exchange.

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Speaker 1: But then he took that money allegedly and just bought

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Speaker 1: other assets with it and bought other cryptocurrencies with it. Well,

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Speaker 1: then when the whole crypto market collapses, you've got a

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Speaker 1: big problem because you've taken the money in one crypto

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Speaker 1: and you've expanded it, You've bought other crypto with it.

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Speaker 1: What happens when that person wants to say all their crypto, well,

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Speaker 1: you've already lost all their money in the other crypt

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Speaker 1: I mean, so the whole house of cards just comes

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Speaker 1: crashing down. They estimate that the total risk here. Enron

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Speaker 1: had a thirty five billion dollars thirty five billion dollar bankruptcy.

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Speaker 1: And you know, there are documentaries about it and every

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Speaker 1: Enron the whole thing. Interesting enough, Enron was also the

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Speaker 1: Astros field was Enron field for a while than they

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Speaker 1: had to change that Houston Astros. But you look at

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Speaker 1: you look at this, and this is a fifty billion

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Speaker 1: possible fifty billion dollar bankruptcy here, fifty billion dollars of

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Speaker 1: money that has just gone. And there were also reports

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Speaker 1: that five hundred million dollars may have been hacked from

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Speaker 1: their reserves even while this bankruptcy has happened. I mean,

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Speaker 1: the whole thing, it is a giant mess. And you

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Speaker 1: know what's so interesting, This guy, uh Sam Bankman Freed.

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Speaker 1: He gave forty million dollars to Democrats in the midterm election.

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Speaker 1: He was in for an individual making donations to political candidates.

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Speaker 1: He was the second biggest donor of the entire cycle,

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Speaker 1: second biggest donor of the entire cycle after George Soros.

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Speaker 1: Now that's probably good political insurance for him at some level.

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Speaker 1: I mean, he definitely will be treated much better as

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Speaker 1: a result of that by the Democrat machinery than he way.

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Speaker 1: I mean, if he had been if he had been

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Speaker 1: donating that kind of money. He made some small donations

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Speaker 1: to a pack that then gave some money Republicans, but

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Speaker 1: he gave forty million Democrats a massive sum two different

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Speaker 1: Democrat candidates. If even doing that for Republicans, he would

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Speaker 1: already be in prison right now, I'm telling I mean,

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Speaker 1: they would already arrested him, they'd be obsecuted him, the

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Speaker 1: whole thing. But it just goes to show you there

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Speaker 1: are people that invested. One of the biggest venture capital

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Speaker 1: firms in Silicon Valley, Sequoia, gave two hundred million dollars

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Speaker 1: this guy. So many people were totally taken in by

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Speaker 1: this command. There were some there was some speculation he

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Speaker 1: could become the world's first trillionaire. That's what they were saying.

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Speaker 1: He could be the world. This guy's thirty years old,

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Speaker 1: no track record of any of building anything amazing. Thirty

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Speaker 1: years old, he's doing you know, TikTok videos with Tom Brady.

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Speaker 1: Literally you can see them. They're still up online. He

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Speaker 1: is getting, you know, all kinds of visits to the

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Speaker 1: Biden White House, and he's being just treated like the

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Speaker 1: global bitcoin king in some ways. And then the whole

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Speaker 1: thing just collapses in basically nothing and just losses and

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Speaker 1: economic destruction and devastation. I mean, there's definitely a story there.

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Speaker 1: I think Michael Lewis, by the way, the author of

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Speaker 1: The Big Short and Moneyball and a bunch of other

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Speaker 1: books Liar's Poker, I think he has spent the last

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Speaker 1: six months with this guy before this all happened. So

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Speaker 1: everyone's assuming he's going to write the definitive book on this,

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Speaker 1: and probably there'll be a movie of it too. But

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Speaker 1: this guy fooled a lot of people who are supposed

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Speaker 1: to be really smart looking for people who are trying

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Speaker 1: to fool people. It's a reminder we're all you know,

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Speaker 1: you gotta if it's too good to be true. It

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Speaker 1: is Two books about world class conment like this that

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Speaker 1: I highly recommend would be The Billion Dollar Whale about

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Speaker 1: the Joe low One MDB scam, which was a maze,

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Speaker 1: which was just mind blowing and then Bad Blood by

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Speaker 1: John Carrrew about Paranos. This is going to go right

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Speaker 1: alongside those FTX crypto and I think this will be

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Speaker 1: even bigger than it. But he's a Democrat downer, so

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Speaker 1: who knows. Maybe he'll get the Hunter Biden Tribune and

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Speaker 1: it'll just skate. We'll see. Thanks for hanging with me, team,

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Speaker 1: talk to you tomorrow. Shields High