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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 Shields.

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

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Speaker 1: Freedom Hunt Friday, November twenty fifth edition. This is the

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Speaker 1: Black Friday Show. I'm here in New York City. We

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Speaker 1: got a lot to talk about. They're getting rid of

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Speaker 1: law school admission test LSAT. Why are they doing that?

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Speaker 1: I'm gonna tell you about it. It's actually a pretty

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Speaker 1: big deal when you think about the implications because the

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Speaker 1: Supreme Court's looking at the usage of race in college admissions,

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Speaker 1: including law school and grad school admissions across the board.

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Speaker 1: We will be talking about why they're getting rid of

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Speaker 1: this in just a moment. Also ESG, the Biden administration

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Speaker 1: saying ESG can now be taken into account environmental social

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Speaker 1: governance with your investments for your four oh one K.

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Speaker 1: So you think you're investing to make more money for

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Speaker 1: the long term, and there's a fiducia responsibility to your

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Speaker 1: retirement that comes from just making the best investments possible.

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Speaker 1: But no, in fact, they want climate change and other

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Speaker 1: things like that to be taken into account. And then

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Speaker 1: finally China is locking people down. And guess what, a

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Speaker 1: lot of libs here in America are still thinking that

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Speaker 1: Fauci and the lockdown mentality is somehow anything short of

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Speaker 1: completely insane. We'll discuss that coming up here in just

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Speaker 1: a second. But you know what, cyber criminals want your

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Speaker 1: personally identifiable information, your PII. Where do they get this? Well,

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Speaker 1: you give it to companies, right because you've got to

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Speaker 1: be interacting with them online. And then they use that

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Speaker 1: information to take out loans in your name, It gets

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Speaker 1: put in the dark web, they'll sell it. They'll sell

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Speaker 1: huge trunches of personally identifiable information. After a breach, which

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Speaker 1: happens to these big companies all the time. They have

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Speaker 1: a breach, your infos out there, and then they take

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Speaker 1: out loans in your name, credit card in your name,

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Speaker 1: your identity stolen. It is a giant mess. So what

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Speaker 1: five percent off. Highly highly recommended. All right, so why

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Speaker 1: aren't the getting rid of law school admission tests? Well,

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Speaker 1: there is a war on merit in this country. You've

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Speaker 1: probably recognized this. This is what's going on. They want

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Speaker 1: to get the left has wanted to get rid of

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Speaker 1: the SAT, get rid of the l SAT, get rid

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Speaker 1: of the GMAT for business school, get rid of the

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Speaker 1: MCAT for medical school, because they don't want there to

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Speaker 1: be anything objective in higher education to separate out people

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Speaker 1: based upon ability and academic skill. They don't want that

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Speaker 1: data to exist because that interferes with the woke agenda

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Speaker 1: of the left, That interferes with what they're trying to do.

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Speaker 1: And what they want is, you know, is to be

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Speaker 1: able to take people based upon race and to create

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Speaker 1: the perfect diverse class based upon what they think on

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Speaker 1: superficial characteristic skin color, ethnicity, things like that make up diversity. Now,

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Speaker 1: getting rid of the l SAT as a mandate for

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Speaker 1: law schools was what they're doing is all a part

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Speaker 1: of this is the goal here is to make sure

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Speaker 1: they can keep taking people who are minorities, who are

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Speaker 1: protected minorities like not Asians, but who are other minority

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Speaker 1: groups Native Americans, African Americans to some extent Latinos to

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Speaker 1: take them. And by the way, there's a hierarchy even

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Speaker 1: within those groups of what these schools will do. This

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Speaker 1: is all now because there's numbers, because there's data that exists.

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Speaker 1: This is all now a matter of fact, there's no

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Speaker 1: question about this going on in schools while the Supreme

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Speaker 1: Court is looking at this, are trying to find ways

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Speaker 1: to continue this kind of clear racial discrimination, which we

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Speaker 1: should all understand. Racial discrimination is wrong, whether it is

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Speaker 1: positive or negative discrimination, it is wrong. It is unconstitutional,

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Speaker 1: it is unethical. But the left is all in on

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Speaker 1: this in part because I think the Democrat Party realizes

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Speaker 1: that they absolutely need to have things that they are

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Speaker 1: giving to minority communities in order to keep the votes

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Speaker 1: coming to Democrats. So what has been referred to by

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Speaker 1: Justice Alito as the racial spoils system of affirmative action

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Speaker 1: must continue. Because one, white liberals have a ton of

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Speaker 1: white guilt, as we know, Oh my gosh, you know

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Speaker 1: what am I going to do? I need to give

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Speaker 1: money the Black Lives Matter, or else people will think

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Speaker 1: I'm racist. White liberals have a ton of white guilt.

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Speaker 1: That's one part of this. But also the Democrat Party

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Speaker 1: needs to have massive majorities of minority voters coming out

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Speaker 1: for them, or else they will never win another national election.

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Speaker 1: Right if they were to get you know, even just

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Speaker 1: seventy five percent of the black vote in a lot

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Speaker 1: of states, it'd be all over. Republicans would win. And

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Speaker 1: they know that, so they're trying to find things that

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Speaker 1: they can continue to push so that they are buying

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Speaker 1: off voters essentially, and so racial discrimination in face of

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Speaker 1: historically oppressed minorities is one of the giveaways that democrats

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Speaker 1: want to keep in place. And they also want the

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Speaker 1: power to just to decide what is skill and ability

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Speaker 1: and who has who is on the pathways from these

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Speaker 1: elite institutions to high paying jobs, prominence in our society,

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Speaker 1: and power. This is ultimately about power, and the LSAT

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Speaker 1: gets in the way because certain minority groups, especially at

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Speaker 1: places like Yale Law School Harvard Law School, dramatically underperformed

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Speaker 1: their peers in hyper competitive environments. I think your law

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Speaker 1: school takes four or five percent of applicants, might even

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Speaker 1: be more like two or three percent of applicants. Tiny,

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Speaker 1: but there are people who get in who have much

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Speaker 1: lower grades and much lower LSATs, particularly lower l s

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Speaker 1: at s because that's somewhat objective grades. You know, people

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Speaker 1: can make that up as they go along, depending on

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Speaker 1: the school. Much lower, but they still get in over

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Speaker 1: people that had much better l SATs. They call it right.

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Speaker 1: So this is all a part of it, and I

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Speaker 1: want to talk to you about ESG for your four

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Speaker 1: oh one K, which may not sound like a big deal,

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Speaker 1: but the mat we're talking about huge financial institutions with

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Speaker 1: trillions of dollars on the balance sheet that are increasingly

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Speaker 1: finding ways and being pushed to find ways to use

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Speaker 1: your money, which you think is for your retirement, and

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Speaker 1: so you should be seeking the best return and the

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Speaker 1: most objective means possible of getting that return. You think

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Speaker 1: that's the goal, I'm here to tell you they're increasingly

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Speaker 1: telling you ESG is actually really important for you, so

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Speaker 1: investing in well, we'll talk more about it in a second.

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Speaker 1: promo code buck. So yeah, ESG and Biden. They're trying

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Speaker 1: to find ways to remove them, to remove the fiduciary

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Speaker 1: responsibility that people who are managing your retirement money have

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Speaker 1: to get the best possible return. So there's a new

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Speaker 1: rule change the Biden administration has put into effect. They

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Speaker 1: did it Thanksgiving week. By the way they're doing it,

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Speaker 1: no one's paying attention. The Labor Department that says they

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Speaker 1: are clarifying the nineteen seventy four Employee Retirement Income Security Act,

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Speaker 1: which requires that retirement plan sponsors act solely in the

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Speaker 1: interests of participants and beneficiaries. It's really straightforward. People managing

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Speaker 1: the money for your retirement are supposed to act only

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Speaker 1: for the benefit of the people in the plan, as

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Speaker 1: in the investors that have given this money over how

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Speaker 1: can I get you the best possible return? How can

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Speaker 1: I make the smartest moves for you and your retirement plan.

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Speaker 1: That used to be the rule. Oh but now the rule.

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Speaker 1: And this affects asset managers. You know these huge institutions,

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Speaker 1: you know Black Rock and these other places that have

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Speaker 1: all this all these retirement funds, all this vanguard is

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Speaker 1: that a quote, a fiduciary may conclude that climate related factors,

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Speaker 1: including government regulations and policies to mitigate climate change, can

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Speaker 1: be relevant to a risk return analysis of an investment,

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Speaker 1: so they can direct money toward Green New Deal lunacy.

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Speaker 1: Your retirement money can now go toward Green New Deal craziness.

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Speaker 1: Not because it's even gonna make you money, that's the point,

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Speaker 1: but because it's something they think is necessary to save

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Speaker 1: the planet. That's where this is now. Even if it

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Speaker 1: costs you money, even if it harms your retirement. They

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Speaker 1: are now free because otherwise you'll be able to sue them. Right,

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Speaker 1: what do you mean you're investing in like this weird

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Speaker 1: windmill company. I'm trying to retire here, buddy. You've you know,

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Speaker 1: you've you've crushed my investment portfolio with this stupid decision making.

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Speaker 1: Now it's going to be well, you know, we thought

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Speaker 1: we had to put thirty percent of your investment into

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Speaker 1: you know, green compliance technology or green new deal companies.

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Speaker 1: That is happening right now. See that the left, they

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Speaker 1: understand they're playing this game for power at all levels

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Speaker 1: and in all ways. It's not just about elections. To them,

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Speaker 1: it's about funding. It's about propaganda the media. It's about

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Speaker 1: government regulation. It's about the deep state and the bureaucracy.

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Speaker 1: It's about control of Hollywood and academia and all the

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Speaker 1: institutions of power. We and the rioter always saying, well,

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Speaker 1: let's just find a way to get along and let's

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Speaker 1: not do anything that's that harsh or hasty. And you know,

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Speaker 1: this is what happens, folks, the reality we're up against.

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Speaker 1: Have you ever thought about being a real estate investor?

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Speaker 1: Listen up. You got to check out my friends. It

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Speaker 1: done for your real estate. I've bought multiple houses. Now

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Speaker 1: I'm a done for you client. I have had such

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Speaker 1: a good experience, so much success, and learned so much

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Speaker 1: as a real estate investor in just a few years

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Speaker 1: that I brought my two brothers on board. Two has

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Speaker 1: done for your real estate investors. So we now are

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Speaker 1: building out a portfolio of houses. We're doing so well

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Speaker 1: with it. And I'm telling you, once you see what

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Speaker 1: done for You system is and how they pull all

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Speaker 1: this together, You're gonna be really impressed. You're gonna want

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Speaker 1: to work with them too. They take you from every

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Speaker 1: step of the investment process, figuring out what region you

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Speaker 1: want to invest in, what house you should get good

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Speaker 1: price for you, what the broker, who the broker is

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Speaker 1: you should work with, get the loan, get the management company,

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Speaker 1: get the tenant in place, and then that free cash

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Speaker 1: flow starts coming to you every month and you're paying

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Speaker 1: off that mortgage and building up equity. It is a

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Speaker 1: great system to learn how to do this, just like

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Speaker 1: I do it. Go to Done for You Buck dot

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Speaker 1: Com again, Done for you Buck dot Com. I brought

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Speaker 1: multiple friends into this as well. Everyone's had such a

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Speaker 1: good experience. They're really good guys. You learn a lot.

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Speaker 1: You want to be a real estate investor, invest in

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Speaker 1: tangible assets that grow in value over time and provide

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Speaker 1: people really nice homes. You know, it's a good exchange

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Speaker 1: of capitalism here. It's great. Done for you Buck dot

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

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Speaker 1: in China, you know, they're locking people down in China,

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Speaker 1: the lock and people down still. Cities, whole cities are

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Speaker 1: locked down. The Shinjiang Province, which is out in the

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Speaker 1: kind of west of China, has been on lockdown for months.

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Speaker 1: And you know, they're having breakthrough breakthrough COVID cases at

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Speaker 1: the highest levels they've seen in years, and they're having

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Speaker 1: a lot of people go to the ICU with COVID

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Speaker 1: because guess what, by shutting down their whole society over

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Speaker 1: and over again, they haven't made them safe from COVID.

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Speaker 1: They've just made sure that people don't develop hurt immunity,

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Speaker 1: so they are even more susceptible to COVID then they

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Speaker 1: would otherwise be had they just gone through the normal process.

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Speaker 1: Because it's made people sicker, it's hurt their mental health,

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Speaker 1: people have gained weight, people have not had enough sunlight,

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Speaker 1: and they've had all this anxiety. Anxiety lessens your immunity,

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Speaker 1: and there has been and there's been so much economic

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Speaker 1: devastation and destruction from this. It was all a mess.

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Speaker 1: All of it was the wrong thing to do, and

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Speaker 1: I just think increased everyone needs to realize that what's

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Speaker 1: happened in China is something that the Libs in this country,

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Speaker 1: if they could get away with it, they would do

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Speaker 1: it here. If they could find a way, they would

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Speaker 1: have that level of power. They might not want to

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Speaker 1: lock down right away, but they might have that level

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Speaker 1: of power over all of us if they could. And

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Speaker 1: they want that level of power is the point, and

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Speaker 1: they look at China and what they're doing. They're locking

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Speaker 1: down right now millions and millions, tens of millions, maybe

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Speaker 1: hundreds of millions of people because of COVID. They have

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Speaker 1: a zero COVID policy in the largest country in the world,

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Speaker 1: over a billion people. They have a zero COVID policy,

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Speaker 1: and they got nothing with COVID all over the place

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Speaker 1: because it doesn't work. That's one thing. It's not just

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Speaker 1: like they're being heavy handed. They're being heavy handed with

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Speaker 1: no benefit, but they won't stop because the people in charge.

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Speaker 1: There's an arrogance to power, and the more power is accumulated,

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Speaker 1: whether in this country or in China, by people who

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Speaker 1: are authoritarian in their mindset and overly emotional and incapable

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Speaker 1: of dealing with reason, fact and logic, and just want

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Speaker 1: what they want when they want it. The arrogance of

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Speaker 1: power means that there is no check, there is no

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Speaker 1: break on the madness. So there you go. That's what

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Speaker 1: I got for you. Enjoy your holiday weekend, everybody. We're

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Speaker 1: back with you Monday. She'll tie