1 00:00:00,600 --> 00:00:04,760 Speaker 1: Markets are going crazy, as the meme gurus over at 2 00:00:04,800 --> 00:00:10,080 Speaker 1: Reddit dot com confound the entire financial and regulatory establishment. 3 00:00:10,200 --> 00:00:14,400 Speaker 1: But the establishment is pushing back big tech, big government, 4 00:00:14,680 --> 00:00:18,520 Speaker 1: big corporate America, all coming back to squeeze the little guy. 5 00:00:18,560 --> 00:00:20,840 Speaker 1: We'll get into what it all means. This is Verdict 6 00:00:20,840 --> 00:00:29,480 Speaker 1: with Ted Cruz. Welcome back to Verdict. I'm Michael Knowles. 7 00:00:29,520 --> 00:00:35,839 Speaker 1: I am joined by the nefarious, infamous murderer himself, Ted Cruz. 8 00:00:36,280 --> 00:00:40,200 Speaker 1: We have got some very very exciting news. After so 9 00:00:40,240 --> 00:00:44,120 Speaker 1: long of being locked down, being kept apart, we're taking 10 00:00:44,240 --> 00:00:47,760 Speaker 1: Verdict on the road. We will be at yaff's Freedom 11 00:00:47,800 --> 00:00:53,040 Speaker 1: Conference in Miami Friday, February fifth, eight pm Eastern. If 12 00:00:53,040 --> 00:00:54,800 Speaker 1: you're in Miami, I hope that we'll see you there. 13 00:00:55,080 --> 00:00:57,160 Speaker 1: Even if you're not in Miami, we will get to 14 00:00:57,200 --> 00:00:59,360 Speaker 1: speak with you. We will be taking your questions live 15 00:00:59,800 --> 00:01:02,080 Speaker 1: through the YAFF YouTube channel, So if you want to 16 00:01:02,080 --> 00:01:04,560 Speaker 1: submit a question and have it answered in real time, 17 00:01:04,760 --> 00:01:09,720 Speaker 1: go to YouTube dot com slash yaff TV. We have 18 00:01:09,840 --> 00:01:11,440 Speaker 1: been talking about a whole lot of things, but there's 19 00:01:11,440 --> 00:01:13,440 Speaker 1: so much more to get to. Senator, what are we 20 00:01:13,440 --> 00:01:15,960 Speaker 1: going to talk about? Well, the best thing about Miami 21 00:01:16,080 --> 00:01:18,800 Speaker 1: is that we'll be with with real, live human beings 22 00:01:18,800 --> 00:01:22,479 Speaker 1: out of the COVID caves to which we've all been sent. 23 00:01:23,240 --> 00:01:25,520 Speaker 1: You had to flee the state of California to actually 24 00:01:25,600 --> 00:01:28,000 Speaker 1: encounter other human beings, and so it'll be good to 25 00:01:28,040 --> 00:01:31,120 Speaker 1: be in Florida, an actual state that is open and 26 00:01:31,160 --> 00:01:36,320 Speaker 1: operating with with live, liberty loving human beings. And apparently 27 00:01:36,360 --> 00:01:40,280 Speaker 1: I will continue my murderous rampage down in Miami. Yet 28 00:01:40,319 --> 00:01:43,319 Speaker 1: you know, ever since northern California in the sixties, uh, 29 00:01:44,520 --> 00:01:47,080 Speaker 1: you know, you know, I've had a proclivity to to 30 00:01:47,160 --> 00:01:49,880 Speaker 1: be to mass murder, and so so we'll see if 31 00:01:49,880 --> 00:01:53,400 Speaker 1: that continues. You got that again. This actually the most 32 00:01:53,440 --> 00:01:58,040 Speaker 1: recent accusation of your murderous tendencies. It came in response 33 00:01:58,120 --> 00:02:02,280 Speaker 1: to this this game style wild stock market question. I 34 00:02:02,560 --> 00:02:05,880 Speaker 1: know some people are a little confused by what's been 35 00:02:05,920 --> 00:02:08,360 Speaker 1: going on in the markets, and by some people, I 36 00:02:08,520 --> 00:02:12,079 Speaker 1: especially mean me. I'm not exactly the most financially literate 37 00:02:12,120 --> 00:02:16,120 Speaker 1: person here. What exactly is going on? There's as far 38 00:02:16,160 --> 00:02:18,400 Speaker 1: as I can tell, there were these guys on Reddit 39 00:02:18,639 --> 00:02:21,720 Speaker 1: who decided that there was a vulnerability at some big 40 00:02:21,760 --> 00:02:24,799 Speaker 1: hedge fund and Wall Street had taken out certain positions 41 00:02:24,919 --> 00:02:26,160 Speaker 1: and so they were going to make a bunch of 42 00:02:26,200 --> 00:02:30,600 Speaker 1: money at Wall Street's expense, and then everything went haywire. Well, 43 00:02:30,639 --> 00:02:32,760 Speaker 1: I think you actually understand it pretty well. Yeah. You 44 00:02:32,760 --> 00:02:35,160 Speaker 1: had a couple of big Wall Street hedge funds that 45 00:02:35,200 --> 00:02:38,120 Speaker 1: were short selling game Stop. So they were making bets 46 00:02:38,160 --> 00:02:40,959 Speaker 1: in the market that game Stop was going to go down, 47 00:02:41,040 --> 00:02:43,080 Speaker 1: and if the stock price went down, they made a 48 00:02:43,080 --> 00:02:47,880 Speaker 1: bunch of money. And over at Reddit, at this this 49 00:02:48,000 --> 00:02:51,400 Speaker 1: subreddit called Wall Street Bets, a bunch of folks got 50 00:02:51,400 --> 00:02:53,080 Speaker 1: ticked off at that and said, I'll tell you what. 51 00:02:53,240 --> 00:02:56,760 Speaker 1: Let's all go buy game Stop, and number one, we'll 52 00:02:56,800 --> 00:02:58,720 Speaker 1: make money and drive the stock up, but number two, 53 00:02:58,800 --> 00:03:02,440 Speaker 1: we'll put those other guys out of business. And miraculously 54 00:03:02,520 --> 00:03:05,280 Speaker 1: they got enough people to do it that the stock 55 00:03:05,360 --> 00:03:07,600 Speaker 1: started going up and going up and going up, and 56 00:03:07,600 --> 00:03:10,440 Speaker 1: it went from like four bucks a share. So I 57 00:03:10,440 --> 00:03:12,800 Speaker 1: think it's been as high as as as four hundred 58 00:03:12,800 --> 00:03:16,160 Speaker 1: dollars a share. I mean, it's massive increase. I checked 59 00:03:16,160 --> 00:03:19,120 Speaker 1: a few minutes ago. It's trading about three eighteen right now. 60 00:03:20,080 --> 00:03:26,520 Speaker 1: That is enormous volatility. That did a number of things. 61 00:03:26,600 --> 00:03:29,400 Speaker 1: Number One, for everyone that bought it four bucks, if 62 00:03:29,440 --> 00:03:31,320 Speaker 1: you sold it four hundred, you made a lot of money. 63 00:03:32,440 --> 00:03:34,480 Speaker 1: Number Two, the hedge funds that are betting on it 64 00:03:34,520 --> 00:03:38,400 Speaker 1: going down, I mean they got caught with their shorts down, 65 00:03:38,480 --> 00:03:41,920 Speaker 1: and they're really really unhappy. Because, Senator, when you when 66 00:03:41,960 --> 00:03:45,200 Speaker 1: you take a short position, when when you're short selling 67 00:03:45,720 --> 00:03:49,240 Speaker 1: a stock, you're betting against it, right, and so you know, 68 00:03:49,280 --> 00:03:50,840 Speaker 1: if it goes down, you make money. But if it 69 00:03:51,120 --> 00:03:53,480 Speaker 1: if it goes up, it's not like you get to 70 00:03:53,520 --> 00:03:55,840 Speaker 1: just hold your position in mid air forever. You've you've 71 00:03:55,840 --> 00:03:57,680 Speaker 1: got to start putting cash on the table as the 72 00:03:57,720 --> 00:04:00,360 Speaker 1: stock goes up. So what has happened is if you're 73 00:04:00,400 --> 00:04:04,120 Speaker 1: shorting it, you have sold the stock at a really 74 00:04:04,160 --> 00:04:07,800 Speaker 1: low price, and you've already executed that transaction. You've sold it, 75 00:04:08,160 --> 00:04:10,200 Speaker 1: and so if the stock goes up, you have to 76 00:04:10,240 --> 00:04:12,840 Speaker 1: fulfill on that promise, which means you got to buy it. 77 00:04:13,480 --> 00:04:16,760 Speaker 1: Let's say you sold it at three bucks, you might 78 00:04:16,839 --> 00:04:19,640 Speaker 1: have to buy it at four hundred to be able 79 00:04:19,680 --> 00:04:22,320 Speaker 1: to deliver on the stock you've sold at three. In 80 00:04:22,400 --> 00:04:26,440 Speaker 1: other words, when when you're shorting a stock, you've got 81 00:04:26,680 --> 00:04:31,440 Speaker 1: enormous vulnerability if there's a big delta on the upside. 82 00:04:31,600 --> 00:04:35,640 Speaker 1: And so this look, this is chaotic. This is this 83 00:04:35,800 --> 00:04:40,560 Speaker 1: is disconcerting. But then it took a really I got 84 00:04:40,680 --> 00:04:44,599 Speaker 1: to say, screwed up step because a number of trading platforms, 85 00:04:44,640 --> 00:04:48,400 Speaker 1: most prominently robin Hood. You know, robin Hood popularized itself 86 00:04:48,440 --> 00:04:52,200 Speaker 1: as democratizing stock sales that you on your phone can 87 00:04:52,279 --> 00:04:56,560 Speaker 1: participate with the big boys. Well suddenly robin Hood decided, no, no, 88 00:04:56,680 --> 00:05:00,120 Speaker 1: you can't. The big boys they can still buy and sell. 89 00:05:00,160 --> 00:05:06,920 Speaker 1: But but but you, the ordinary schmow. They prevented you from 90 00:05:06,960 --> 00:05:09,760 Speaker 1: buying game Stop. You could still sell it, you just 91 00:05:09,800 --> 00:05:14,240 Speaker 1: couldn't buy it. It's unbelievable. And I gotta admit a 92 00:05:14,279 --> 00:05:17,400 Speaker 1: whole lot of folks, a whole lot of folks on 93 00:05:17,440 --> 00:05:19,400 Speaker 1: the left, whole lot of folks on the right. I mean, 94 00:05:19,440 --> 00:05:21,760 Speaker 1: we all said, all right, this is screwed up. If 95 00:05:21,800 --> 00:05:23,480 Speaker 1: there's gonna be a rule, it ought to be a 96 00:05:23,560 --> 00:05:26,400 Speaker 1: rule that applies to everyone. We shouldn't have one rule 97 00:05:26,880 --> 00:05:30,840 Speaker 1: for rich, powerful connected hedge funds in Manhattan and a 98 00:05:30,880 --> 00:05:34,360 Speaker 1: different rule for every other American that is trading your 99 00:05:34,360 --> 00:05:38,320 Speaker 1: own money. And what robin Hood did is basically implemented 100 00:05:38,360 --> 00:05:40,440 Speaker 1: that rule and said, all right, we're gonna screw the 101 00:05:40,440 --> 00:05:43,599 Speaker 1: little guy and only favor the big guy, and that 102 00:05:43,720 --> 00:05:45,760 Speaker 1: does seem to be getting the whole notion of robin 103 00:05:45,760 --> 00:05:48,839 Speaker 1: Hood a little bit backwards, steal from the poor to 104 00:05:48,880 --> 00:05:51,960 Speaker 1: give to the rich. Because one thing that has been 105 00:05:52,080 --> 00:05:57,280 Speaker 1: so nauseating about this entire issue is when apps like 106 00:05:57,480 --> 00:06:01,760 Speaker 1: robin Hood came in and protected Wall Street, basically protected 107 00:06:01,800 --> 00:06:05,160 Speaker 1: these hedge funds. It was as though they were these vulnerable, innocent, 108 00:06:05,600 --> 00:06:08,279 Speaker 1: poor little hedge funds, you know, and the mean old 109 00:06:08,320 --> 00:06:10,760 Speaker 1: guys on Reddit were coming in, and of course that 110 00:06:10,839 --> 00:06:13,240 Speaker 1: isn't the case when you've got a retail investor, an 111 00:06:13,360 --> 00:06:16,159 Speaker 1: ordinary American coming in trying to play with the big guys. 112 00:06:16,200 --> 00:06:18,680 Speaker 1: And then the big guys seemed to get this separate 113 00:06:18,800 --> 00:06:21,680 Speaker 1: set of rules here. So the left and the right 114 00:06:21,720 --> 00:06:23,919 Speaker 1: did kind of come together about this. They said, this 115 00:06:23,920 --> 00:06:27,640 Speaker 1: seems a little bit rigged, guys, this seems unfair. AOC 116 00:06:28,160 --> 00:06:30,480 Speaker 1: as far left to Congressman as you can get. She 117 00:06:30,560 --> 00:06:32,520 Speaker 1: came out and said, we've got to look into this. 118 00:06:33,160 --> 00:06:36,920 Speaker 1: You said, you know, stopped clock twice a day. I 119 00:06:37,480 --> 00:06:40,560 Speaker 1: agree with this, and it could have been this moment 120 00:06:40,600 --> 00:06:45,520 Speaker 1: of unity and healing and bipartisan support. And then she 121 00:06:45,560 --> 00:06:48,480 Speaker 1: called you a murderer. Yeah, so so my tweet, I 122 00:06:48,480 --> 00:06:50,680 Speaker 1: took her tweet where she said, this is messed up. 123 00:06:51,040 --> 00:06:53,839 Speaker 1: This needs to be investigated. Congress needs to look into 124 00:06:53,839 --> 00:06:57,479 Speaker 1: why Robin Hood shut down ordinary investors. But but hedge 125 00:06:57,480 --> 00:06:59,800 Speaker 1: funds can continue to try to get out of there 126 00:07:00,040 --> 00:07:02,279 Speaker 1: their short position and try to cover their rare ends. 127 00:07:03,080 --> 00:07:04,520 Speaker 1: I read or tweet, and I was, you know, on 128 00:07:04,600 --> 00:07:06,520 Speaker 1: my phone. I read it, and I said, huh, that's right. 129 00:07:06,600 --> 00:07:09,360 Speaker 1: I'll be damned. That doesn't happen very often. And so 130 00:07:09,440 --> 00:07:12,240 Speaker 1: I retweeted her, and the sum total of my tweet 131 00:07:12,360 --> 00:07:15,760 Speaker 1: was two words, fully agree. And then I had a 132 00:07:15,800 --> 00:07:17,720 Speaker 1: finger pointing down. And by the way, no it was 133 00:07:17,720 --> 00:07:20,640 Speaker 1: not the middle finger. It was the index finger pointing down. 134 00:07:21,560 --> 00:07:24,520 Speaker 1: In an ordinary world, if someone retweets you and say 135 00:07:24,520 --> 00:07:28,559 Speaker 1: they fully agree with you, that does suggest, gosh, maybe 136 00:07:28,600 --> 00:07:31,040 Speaker 1: there's there's something to this. If people all across the 137 00:07:31,080 --> 00:07:34,720 Speaker 1: ideological spectrum agree this is screwed up, maybe there's something 138 00:07:34,760 --> 00:07:37,880 Speaker 1: to it. Her reaction was a little different. She sent 139 00:07:37,960 --> 00:07:43,240 Speaker 1: a series of really unhinged tweets screaming that she's not 140 00:07:43,320 --> 00:07:45,600 Speaker 1: willing to work with me. She'll work with other Republicans, 141 00:07:45,880 --> 00:07:49,200 Speaker 1: although I'm not sure who or where. But but this 142 00:07:49,440 --> 00:07:53,320 Speaker 1: theoretical Republican. But because I tried to have her murdered 143 00:07:54,000 --> 00:07:56,760 Speaker 1: three weeks ago, she's not willing to work with me. 144 00:07:56,840 --> 00:08:02,120 Speaker 1: And it's just a look the left right now, they're angry, 145 00:08:02,520 --> 00:08:08,000 Speaker 1: they're filled with hate and and and they're they're exercising 146 00:08:08,040 --> 00:08:12,600 Speaker 1: a primal scream. I mean, we are seeing ID right now, 147 00:08:12,920 --> 00:08:17,360 Speaker 1: leftist ID and they're expressing hate. And it's like, all right, look, 148 00:08:17,400 --> 00:08:19,480 Speaker 1: our country is really divided right now. I'd like to 149 00:08:19,520 --> 00:08:22,920 Speaker 1: see us actually interact like human beings and adults and 150 00:08:23,560 --> 00:08:27,360 Speaker 1: show some decency and actually address the real problems in 151 00:08:27,400 --> 00:08:29,680 Speaker 1: the country. But on the other hand, you can just 152 00:08:29,720 --> 00:08:32,120 Speaker 1: scream screw you, screw you, screw you, if if that's 153 00:08:32,160 --> 00:08:34,360 Speaker 1: what makes you feel good. Well, this brings up a 154 00:08:34,360 --> 00:08:38,840 Speaker 1: conversation that's happening right now among conservatives as as all 155 00:08:38,840 --> 00:08:41,400 Speaker 1: of these kind of big powers, big big big or 156 00:08:41,480 --> 00:08:44,880 Speaker 1: coming in and clamping down. It's making us rethink some things. 157 00:08:44,920 --> 00:08:47,920 Speaker 1: I think, because as you say, AOC says, I'm happy 158 00:08:47,920 --> 00:08:51,160 Speaker 1: to work with Republicans, just not Ted Cruz and just 159 00:08:51,280 --> 00:08:54,640 Speaker 1: not Donald Trump, and just not really any Republican who 160 00:08:54,840 --> 00:08:56,160 Speaker 1: who could work with her. You know, it's just this 161 00:08:56,320 --> 00:09:01,839 Speaker 1: hypothetical Republican. But but basically she's delegitimizing any Republican. You've 162 00:09:01,840 --> 00:09:03,440 Speaker 1: heard this from other people on the left who say 163 00:09:03,559 --> 00:09:07,600 Speaker 1: seventy five million Americans or Nazi, white supremacist whatever. And 164 00:09:08,000 --> 00:09:11,240 Speaker 1: we on the right used to say things like, well, 165 00:09:11,280 --> 00:09:13,120 Speaker 1: you know, Twitter as a private company, if they want 166 00:09:13,120 --> 00:09:15,720 Speaker 1: to kick people off, build your own Twitter. You know, 167 00:09:15,760 --> 00:09:18,280 Speaker 1: we want private people to be able to run their 168 00:09:18,280 --> 00:09:22,360 Speaker 1: business however they want. But increasingly we're finding out the 169 00:09:22,480 --> 00:09:24,680 Speaker 1: left won't let us build our own Twitter. We try 170 00:09:24,720 --> 00:09:27,160 Speaker 1: to do that with an app called Parlor. They kicked 171 00:09:27,200 --> 00:09:28,560 Speaker 1: it out of the app store, then they kicked it 172 00:09:28,600 --> 00:09:32,400 Speaker 1: off the internet. Same thing. Here are we now if 173 00:09:32,400 --> 00:09:35,520 Speaker 1: we're not allowed to invest in robin Hood or through 174 00:09:35,600 --> 00:09:38,600 Speaker 1: robin Hood rather or really any of the other brokerage apps. 175 00:09:39,160 --> 00:09:42,120 Speaker 1: Are we supposed to build our own broker dealer? Are 176 00:09:42,120 --> 00:09:44,599 Speaker 1: we supposed to build our own stock market? Are we 177 00:09:44,640 --> 00:09:46,880 Speaker 1: supposed to build our own account? You know, where is 178 00:09:46,920 --> 00:09:49,440 Speaker 1: the end of this and how can we tackle the 179 00:09:49,480 --> 00:09:53,439 Speaker 1: problem so that we're not totally ostracized from society. So 180 00:09:53,480 --> 00:09:55,640 Speaker 1: there's a whole bunch of substance there to unpack. Let 181 00:09:55,640 --> 00:09:58,000 Speaker 1: me let me take that at several levels Number one, 182 00:09:58,000 --> 00:10:00,920 Speaker 1: if you look at what happened to Parlor, Parlor was 183 00:10:01,040 --> 00:10:04,400 Speaker 1: kicked out of existence by essentially every gigantic tech company 184 00:10:04,400 --> 00:10:07,120 Speaker 1: acting in concerts. So it was so it was Apple 185 00:10:07,160 --> 00:10:09,719 Speaker 1: and Amazon and all of them just said we're shutting down. 186 00:10:09,720 --> 00:10:14,120 Speaker 1: Your servers were kicking you off. And it was it 187 00:10:14,160 --> 00:10:17,199 Speaker 1: was swift, it was brutal. It was obviously illegal, by 188 00:10:17,240 --> 00:10:21,840 Speaker 1: the way, when giant competitors work together to eliminate another 189 00:10:21,840 --> 00:10:25,160 Speaker 1: competitor that is on its face and antitrust violation and 190 00:10:25,200 --> 00:10:26,679 Speaker 1: they're all going to be sued, they're all gonna pay 191 00:10:26,720 --> 00:10:30,000 Speaker 1: big damages, and they don't care. They're so big, and 192 00:10:31,040 --> 00:10:34,880 Speaker 1: they're now convinced the Biden administration are so in their 193 00:10:34,920 --> 00:10:38,679 Speaker 1: pocket that they just don't care. It's an exercise of 194 00:10:38,800 --> 00:10:44,960 Speaker 1: brute power. Secondly, you know, the AOC response is typical 195 00:10:45,040 --> 00:10:47,240 Speaker 1: of how the left responds to a lot of issues 196 00:10:47,240 --> 00:10:49,400 Speaker 1: which they don't actually want to talk substance. They don't 197 00:10:49,400 --> 00:10:52,559 Speaker 1: actually want to want to talk about the underlying merits. 198 00:10:52,720 --> 00:10:56,760 Speaker 1: They want to engage. Number one, it's all politics. You know, 199 00:10:56,800 --> 00:10:59,440 Speaker 1: we talked in the Last Verdict about how this is 200 00:10:59,840 --> 00:11:02,439 Speaker 1: the final scene for every Godfather movie that they are 201 00:11:02,520 --> 00:11:06,040 Speaker 1: playing out Michael Corleone. They are settling the debts. They 202 00:11:06,080 --> 00:11:07,880 Speaker 1: want you and me and all of us to sleep 203 00:11:07,920 --> 00:11:12,040 Speaker 1: with the fishes. And so they are trying to eliminate everyone. 204 00:11:12,080 --> 00:11:14,800 Speaker 1: They're trying to eliminate Donald Trump. They're trying to eliminate me, 205 00:11:14,840 --> 00:11:17,840 Speaker 1: They're trying to eliminate you. They're trying to eliminate conservatives 206 00:11:17,840 --> 00:11:23,320 Speaker 1: on social media. They're trying to erase the seventy five 207 00:11:23,360 --> 00:11:27,119 Speaker 1: million Americans who voted for Trump. And it is completely 208 00:11:27,160 --> 00:11:31,000 Speaker 1: devoid of substance. Now you talked about how does that 209 00:11:31,080 --> 00:11:35,360 Speaker 1: mean we can't you know, the ordinary American can invest 210 00:11:35,760 --> 00:11:39,440 Speaker 1: saying game stop through robin Hood. Look, one important caveat 211 00:11:41,080 --> 00:11:45,880 Speaker 1: game Stop is almost surely a terrible investment, right, and 212 00:11:45,960 --> 00:11:48,000 Speaker 1: it's worth noting. I mean there are I mean, since 213 00:11:48,000 --> 00:11:51,080 Speaker 1: they've been investments, since there's been stock markets, they've been bubbles. 214 00:11:51,520 --> 00:11:53,680 Speaker 1: You know, you look at and in Holland the tulip 215 00:11:53,720 --> 00:11:58,120 Speaker 1: bulbs where they bid up tulip bulbs two insane amounts. Now, 216 00:11:58,160 --> 00:12:00,480 Speaker 1: anytime you have a bubble, anytime you have is going 217 00:12:00,480 --> 00:12:03,000 Speaker 1: wait wait, wait, wait, wait up. You can make a 218 00:12:03,000 --> 00:12:04,640 Speaker 1: ton of money if you buy it a hundred and 219 00:12:04,679 --> 00:12:07,800 Speaker 1: sell it two hundred that math works really well. So 220 00:12:07,880 --> 00:12:10,480 Speaker 1: if you happen to catch something that is soaring on 221 00:12:10,520 --> 00:12:13,640 Speaker 1: an artificial bubble, if you can time it right, you 222 00:12:13,679 --> 00:12:16,480 Speaker 1: can make a good chunk of money. Now people get 223 00:12:16,520 --> 00:12:19,240 Speaker 1: worried about bubbles because if you buy it a thousand 224 00:12:19,240 --> 00:12:23,520 Speaker 1: and it drops to two, you can be devastated. And 225 00:12:24,880 --> 00:12:29,400 Speaker 1: predictably with giant bubbles, these they soar high and then 226 00:12:29,400 --> 00:12:33,960 Speaker 1: they crash precipitously. So I'll be honest, I'm not buying 227 00:12:33,960 --> 00:12:38,960 Speaker 1: game stock right right, I think it is fair to 228 00:12:39,120 --> 00:12:44,040 Speaker 1: say GameStop is not today a seventy billion dollar company, 229 00:12:44,080 --> 00:12:47,560 Speaker 1: which is where its market cap was, given that it 230 00:12:47,600 --> 00:12:49,680 Speaker 1: was a tiny fraction of that a couple of weeks ago. 231 00:12:49,720 --> 00:12:54,680 Speaker 1: I mean this is this is a casino. So there 232 00:12:54,679 --> 00:12:57,080 Speaker 1: are people rightly saying, look, a lot of people could 233 00:12:57,080 --> 00:12:58,880 Speaker 1: lose their shirt and lose all their money on this, 234 00:12:58,920 --> 00:13:02,400 Speaker 1: and that's right. But the same rules ought to apply 235 00:13:02,480 --> 00:13:04,600 Speaker 1: for everyone. So if it's a casino, you know what, 236 00:13:04,679 --> 00:13:07,000 Speaker 1: You or I can walk into a casino in Vegas. 237 00:13:07,400 --> 00:13:11,240 Speaker 1: We can put everything we got on red spin the wheel, 238 00:13:11,240 --> 00:13:16,080 Speaker 1: and if it hits, it hits. And what dismayed so 239 00:13:16,160 --> 00:13:18,000 Speaker 1: many people, what I think was wrong and what so 240 00:13:18,040 --> 00:13:20,440 Speaker 1: many other people think was wrong about what robin Hood 241 00:13:20,440 --> 00:13:24,760 Speaker 1: did is it had differential rules. The giant hedge funds 242 00:13:24,920 --> 00:13:28,080 Speaker 1: they could keep buying and selling, but ordinary Americans couldn't. 243 00:13:28,080 --> 00:13:30,600 Speaker 1: And yes, there's risk, but if you want to do 244 00:13:30,679 --> 00:13:32,840 Speaker 1: some dumb ass things, you ought to have as much 245 00:13:32,960 --> 00:13:35,920 Speaker 1: right to do a dumbass thing as the politically well 246 00:13:36,000 --> 00:13:41,680 Speaker 1: connected are. And that differential is significant. In a final 247 00:13:41,720 --> 00:13:45,240 Speaker 1: point that is not being discussed at all, and I'm 248 00:13:45,280 --> 00:13:48,880 Speaker 1: sure AOC this has not occurred to her remotely, but 249 00:13:48,960 --> 00:13:52,000 Speaker 1: there's a very real possibility that one of the major 250 00:13:52,160 --> 00:13:58,480 Speaker 1: reasons that robin Hood halted the ability of consumers to 251 00:13:58,800 --> 00:14:02,240 Speaker 1: buy Game Stop is because of Dodd Frank, because of 252 00:14:02,440 --> 00:14:07,920 Speaker 1: leftist regulation that came in. So, as a broker under 253 00:14:08,040 --> 00:14:12,680 Speaker 1: Dodd Frank, robin Hood has a requirement essentially to put 254 00:14:12,760 --> 00:14:16,000 Speaker 1: up funding and to borrow funding to cover the differential 255 00:14:16,000 --> 00:14:19,960 Speaker 1: of their risk exposure. And it's set up in such 256 00:14:20,000 --> 00:14:23,680 Speaker 1: a way. And listen, I'm a lawyer. I don't do maths, 257 00:14:23,720 --> 00:14:26,320 Speaker 1: so I'm not going to purport to explain the mechanics 258 00:14:26,360 --> 00:14:29,960 Speaker 1: of it, other than I think there are good discussions 259 00:14:30,000 --> 00:14:34,400 Speaker 1: to be had about how much was robin Hood's actions 260 00:14:34,480 --> 00:14:38,160 Speaker 1: driven by Dodd Frank and pressure from the regulators. Did 261 00:14:38,200 --> 00:14:41,040 Speaker 1: the regulators get involved directly? To Janet Yellen, the new 262 00:14:41,080 --> 00:14:44,240 Speaker 1: Treasury secretary, did she get involved directly? That's a question 263 00:14:44,280 --> 00:14:46,720 Speaker 1: that needs to be asked. What did the banking regulators do? 264 00:14:47,440 --> 00:14:51,440 Speaker 1: And also the fear of lawsuits. I don't doubt that 265 00:14:51,480 --> 00:14:54,480 Speaker 1: A reason A significant reason Robin Hood did this is 266 00:14:54,520 --> 00:14:56,200 Speaker 1: they said, well, gosh, a whole bunch of people are 267 00:14:56,200 --> 00:14:58,160 Speaker 1: gonna buy the stock really high. It's gonna plumb it. 268 00:14:58,200 --> 00:14:59,960 Speaker 1: They're gonna lose all their money, They're gonna turn around 269 00:15:00,080 --> 00:15:05,280 Speaker 1: sue us. And they were understandably scared about being sued. 270 00:15:05,600 --> 00:15:10,000 Speaker 1: And so there is if we're going to let people 271 00:15:10,040 --> 00:15:13,600 Speaker 1: go to a casino and bet it does seem to 272 00:15:13,600 --> 00:15:15,880 Speaker 1: me there ought to be some form of basically a 273 00:15:15,920 --> 00:15:19,560 Speaker 1: liability waiver, which is, you know, you sign something saying, 274 00:15:19,800 --> 00:15:24,360 Speaker 1: you know, dumb ass release. I recognize I maybe being 275 00:15:24,400 --> 00:15:26,640 Speaker 1: a dumbass right now. If I am, I'm not going 276 00:15:26,680 --> 00:15:29,840 Speaker 1: to sue you. Yeah, that could well make sense. And 277 00:15:30,160 --> 00:15:33,600 Speaker 1: I suspect our Democratic friends will have no interest in 278 00:15:33,640 --> 00:15:38,320 Speaker 1: that because that does not conform with their ideology. Well, this, 279 00:15:38,440 --> 00:15:40,640 Speaker 1: I mean, this is a very important point. That game 280 00:15:40,760 --> 00:15:42,960 Speaker 1: stop itself, right. This is a brick and mortar store 281 00:15:43,080 --> 00:15:46,120 Speaker 1: that sells physical video games. This is a company that's 282 00:15:46,120 --> 00:15:49,280 Speaker 1: going to go the way a blockbuster. And these kind 283 00:15:49,280 --> 00:15:54,600 Speaker 1: of reddit boards have also targeted BlackBerry, Nokia companies also 284 00:15:54,640 --> 00:15:56,960 Speaker 1: where the technology. You know, they're not the companies they 285 00:15:56,960 --> 00:15:59,880 Speaker 1: once were. That was the point. I mean, it was 286 00:16:00,080 --> 00:16:02,360 Speaker 1: kind of a joke to them. And they saw this 287 00:16:02,440 --> 00:16:05,520 Speaker 1: massive short position and they saw that they could basically 288 00:16:05,640 --> 00:16:07,560 Speaker 1: run the price up and force these hedge funds that 289 00:16:07,560 --> 00:16:10,080 Speaker 1: they don't like to buy up the stock, and you know, 290 00:16:10,080 --> 00:16:11,760 Speaker 1: it becomes a bubble. Some people are gonna make a 291 00:16:11,800 --> 00:16:13,240 Speaker 1: lot of money, some people are going to get hurt, 292 00:16:13,440 --> 00:16:17,480 Speaker 1: and the establishment is going to expose itself. To me, 293 00:16:17,600 --> 00:16:21,600 Speaker 1: what's so interesting about all this volatility is a political 294 00:16:21,680 --> 00:16:24,640 Speaker 1: point that you've been making now for quite some time, 295 00:16:24,840 --> 00:16:28,600 Speaker 1: and we're seeing it expressed the guys on these reddit boards. 296 00:16:29,000 --> 00:16:31,600 Speaker 1: I don't know them personally, it seems their politics are 297 00:16:31,640 --> 00:16:33,520 Speaker 1: a little more on the right than they are on 298 00:16:33,560 --> 00:16:37,440 Speaker 1: the left. I've been told my whole life that the 299 00:16:37,520 --> 00:16:40,800 Speaker 1: Republicans are the party of Wall Street. Republicans are the 300 00:16:40,840 --> 00:16:43,600 Speaker 1: party of the big hedge funds. Republicans are the party 301 00:16:43,600 --> 00:16:46,520 Speaker 1: of these plutocrats and the establishment. And yet if you 302 00:16:46,640 --> 00:16:51,680 Speaker 1: look right now, who is defending this sort of unfair 303 00:16:51,680 --> 00:16:55,720 Speaker 1: set of rules that's protecting Wall Street. It's the establishment Democrats. 304 00:16:55,720 --> 00:16:58,080 Speaker 1: It's not the Republicans. We're the ones who are complaining 305 00:16:58,120 --> 00:17:00,800 Speaker 1: about it. Is this shift we've been talking about the 306 00:17:00,800 --> 00:17:03,920 Speaker 1: difference between the Party of Paris and the Party of Pittsburgh. 307 00:17:04,080 --> 00:17:07,520 Speaker 1: Is this shift settling in? And are people going to 308 00:17:07,560 --> 00:17:11,679 Speaker 1: realize it? Yes, it's settling in, and it drives Democrats crazy. 309 00:17:12,480 --> 00:17:14,840 Speaker 1: You are right, Today's Democratic Party is the party of 310 00:17:14,840 --> 00:17:16,840 Speaker 1: the rich. It's the party of elites. It's the party 311 00:17:16,840 --> 00:17:19,240 Speaker 1: of Wall Street. It's the party of big Tech. It's 312 00:17:19,280 --> 00:17:23,200 Speaker 1: the party of Hollywood. It's the party of universities. That's 313 00:17:23,280 --> 00:17:26,879 Speaker 1: who big tech listens to. That that's who rather Democrats 314 00:17:26,880 --> 00:17:28,320 Speaker 1: listen to. I say, I can't even tell the difference 315 00:17:28,320 --> 00:17:31,159 Speaker 1: between big tech and Democrats anymore. It's actually one of 316 00:17:31,200 --> 00:17:34,199 Speaker 1: the reasons why today's Democrats are so pro China, why 317 00:17:34,240 --> 00:17:36,760 Speaker 1: they're so in bed with communist China, because all of 318 00:17:36,800 --> 00:17:39,840 Speaker 1: their patrons, all of the people writing them checks and 319 00:17:39,960 --> 00:17:43,639 Speaker 1: funding what they're doing, are in bed with China, Big Tech, Hollywood. 320 00:17:43,920 --> 00:17:46,119 Speaker 1: They're in bed with China, which means the Democrats are 321 00:17:46,119 --> 00:17:49,480 Speaker 1: in bed with China. Who are the Democrats not supporting 322 00:17:50,600 --> 00:17:54,959 Speaker 1: working men and women, blue collar workers, union members. You know, 323 00:17:55,040 --> 00:17:56,960 Speaker 1: you think back. You know, you and I both read 324 00:17:56,960 --> 00:17:58,720 Speaker 1: in history books. Neither one of us are old enough 325 00:17:58,720 --> 00:18:02,240 Speaker 1: to remember FDR. But but there was a time where FDR, 326 00:18:02,680 --> 00:18:09,240 Speaker 1: we're union workers. A steel worker was the prototypical Democrat voter. Yep. 327 00:18:09,920 --> 00:18:12,960 Speaker 1: And actually, you know, you look at Joe Biden. Joe 328 00:18:13,000 --> 00:18:17,119 Speaker 1: Biden's whole political career has been marketing that he was 329 00:18:17,160 --> 00:18:19,600 Speaker 1: the kid from Scranton, that he was the blue collar, 330 00:18:19,680 --> 00:18:22,280 Speaker 1: working class kid from Scranton. And what does he do. 331 00:18:22,359 --> 00:18:26,600 Speaker 1: He gets elected and literally within minutes of being sworn in, 332 00:18:26,920 --> 00:18:30,000 Speaker 1: he takes out a pen and he destroys thousands upon 333 00:18:30,080 --> 00:18:33,760 Speaker 1: thousands of blue collar union jobs, just the Keystone Pipeline, 334 00:18:33,760 --> 00:18:37,360 Speaker 1: which he eliminated with one executive order. That was eleven 335 00:18:37,480 --> 00:18:42,560 Speaker 1: thousand jobs, eleven thousand jobs, eight thousand of those were 336 00:18:42,640 --> 00:18:45,880 Speaker 1: union jobs. And with a stroke of one pen, eleven 337 00:18:45,920 --> 00:18:50,359 Speaker 1: thousand people their jobs just poof go away. And you know, 338 00:18:50,400 --> 00:18:53,320 Speaker 1: I've spent the last couple of weeks in confirmation hearings 339 00:18:53,320 --> 00:18:55,880 Speaker 1: for Biden cabinet appointees asking them what do you say 340 00:18:55,920 --> 00:18:58,760 Speaker 1: to those eleven thousand people whose jobs you just destroyed? 341 00:18:59,640 --> 00:19:02,000 Speaker 1: And the answer that they've said over and over again 342 00:19:02,119 --> 00:19:05,919 Speaker 1: is essentially jump in a lake. You know, we saw 343 00:19:06,000 --> 00:19:09,360 Speaker 1: this week, John Carey. I gotta say, by the way, 344 00:19:09,400 --> 00:19:14,200 Speaker 1: if you were to pick the perfect spokesperson to understand 345 00:19:14,280 --> 00:19:18,960 Speaker 1: the travails of the blue collar working class, it is 346 00:19:19,040 --> 00:19:24,560 Speaker 1: John Kerry with tuxedo and tails, riding his windsurfer, and 347 00:19:24,960 --> 00:19:28,480 Speaker 1: he really does. He gave this this this lecture where 348 00:19:28,520 --> 00:19:32,480 Speaker 1: he says, well, we're going to help them quote make 349 00:19:33,320 --> 00:19:40,399 Speaker 1: better choices. Well, with all respect, John, screw you. You 350 00:19:40,480 --> 00:19:44,080 Speaker 1: don't get to sit there with eight hundred million dollars 351 00:19:44,080 --> 00:19:46,040 Speaker 1: in the bank, which, by the way, you didn't learn 352 00:19:46,920 --> 00:19:50,600 Speaker 1: and tell the lowly, dirty people who have to work 353 00:19:50,640 --> 00:19:53,880 Speaker 1: for a living, we're going to help you make better choices, said, 354 00:19:53,880 --> 00:19:57,879 Speaker 1: they all need to make solar panels. You know, I 355 00:19:57,920 --> 00:20:00,879 Speaker 1: would invite you, John, come to South to Exis, to 356 00:20:01,000 --> 00:20:05,240 Speaker 1: the oil patch and talk to an Hispanic guy in 357 00:20:05,320 --> 00:20:08,439 Speaker 1: a FOURD F one fifty and tell him, sorry, I 358 00:20:08,480 --> 00:20:10,760 Speaker 1: don't like the choices you have. So your job has 359 00:20:10,800 --> 00:20:13,600 Speaker 1: just been eliminated. Your ability to provide for your family 360 00:20:13,720 --> 00:20:19,680 Speaker 1: is gone. I mean the arrogance and condescension Thurston Howell 361 00:20:19,880 --> 00:20:24,080 Speaker 1: telling you I'm destroying your life. Sadly, that's where the 362 00:20:24,080 --> 00:20:27,160 Speaker 1: Democrats are right now. Well, there's something that was I mean, 363 00:20:27,200 --> 00:20:29,639 Speaker 1: the whole the whole carry press conference I felt was 364 00:20:29,840 --> 00:20:35,040 Speaker 1: extraordinarily condescending and typically lock jawed and disturbing. But the 365 00:20:35,080 --> 00:20:39,120 Speaker 1: most disturbing aspect I felt was where he presented his 366 00:20:39,400 --> 00:20:44,680 Speaker 1: political plan and the Biden administration's political plan as inevitable. 367 00:20:45,040 --> 00:20:47,159 Speaker 1: And you know, just a few months ago, Joe Biden 368 00:20:47,240 --> 00:20:50,120 Speaker 1: was saying, I'm not against fracking, I'm not against coal, 369 00:20:50,240 --> 00:20:53,600 Speaker 1: I'm not against oil, natural gas. And then we find out, 370 00:20:53,720 --> 00:20:55,840 Speaker 1: you know, the rug is pulled out from under everybody. Yes, 371 00:20:55,880 --> 00:20:57,560 Speaker 1: I am. We're going to kill the coal jobs, We're 372 00:20:57,560 --> 00:21:01,640 Speaker 1: going to kill the energy sector jobs. But it's inevitable. 373 00:21:01,720 --> 00:21:04,840 Speaker 1: It's inevitable. You have to move to solar, you have 374 00:21:04,960 --> 00:21:07,119 Speaker 1: to move to wind. Go learn how to fix a 375 00:21:07,160 --> 00:21:09,560 Speaker 1: wind turbine. You know, it reminds us a few years 376 00:21:09,560 --> 00:21:14,359 Speaker 1: ago when when liberal journalists told American manufacturing workers learn 377 00:21:14,440 --> 00:21:19,000 Speaker 1: to code. Sorry, and as if there were no choice here, 378 00:21:19,000 --> 00:21:20,360 Speaker 1: but of course there is. You know, the last four 379 00:21:20,440 --> 00:21:24,200 Speaker 1: years we had a different policy and we prioritized keeping 380 00:21:24,320 --> 00:21:28,480 Speaker 1: energy jobs in America, bringing manufacturing jobs back. When we 381 00:21:28,560 --> 00:21:32,479 Speaker 1: think about the difference between populism and elitism and all 382 00:21:32,520 --> 00:21:35,920 Speaker 1: these isms that are coming up, what is the future 383 00:21:36,040 --> 00:21:37,840 Speaker 1: for the Republican Party and is there any way that 384 00:21:37,880 --> 00:21:41,800 Speaker 1: we can stop this, this inevitable flow of progressive history. 385 00:21:42,320 --> 00:21:45,440 Speaker 1: So let me make three points on that. Number One. 386 00:21:46,440 --> 00:21:48,800 Speaker 1: You know, when Joe Biden was saying in the general 387 00:21:48,800 --> 00:21:52,520 Speaker 1: election he wasn't going to end fracking, everyone knew he 388 00:21:52,560 --> 00:21:56,199 Speaker 1: was lying. Biden knew he was lying. Trump knew he 389 00:21:56,280 --> 00:21:58,760 Speaker 1: was lying, The press knew he was lying. Everyone listening 390 00:21:58,800 --> 00:22:01,240 Speaker 1: knew he was lying. And what did the press do? 391 00:22:01,280 --> 00:22:03,800 Speaker 1: And this is a great illustration of how we don't 392 00:22:03,920 --> 00:22:08,040 Speaker 1: have journalism anymore. The press, the fact checkers, and by 393 00:22:08,080 --> 00:22:10,600 Speaker 1: the way, fact checkers among the most pernicious liars we 394 00:22:10,680 --> 00:22:14,000 Speaker 1: have in our political process. The fact checkers declared it 395 00:22:14,040 --> 00:22:17,320 Speaker 1: a lie if you said Biden wasn't fact in a 396 00:22:17,359 --> 00:22:22,040 Speaker 1: band fracking. Because he was lying to the American people 397 00:22:22,040 --> 00:22:24,280 Speaker 1: and saying he wasn't it, we were required to accept 398 00:22:24,359 --> 00:22:28,280 Speaker 1: his lies. Boom, what happens. He gets elected, and now 399 00:22:28,320 --> 00:22:31,480 Speaker 1: the fact checkers are saying it's a lie that he 400 00:22:31,520 --> 00:22:34,600 Speaker 1: ever said he wasn't good to band fracking. I mean 401 00:22:34,640 --> 00:22:40,000 Speaker 1: it is you. I wish George Orwell or old As 402 00:22:40,080 --> 00:22:45,280 Speaker 1: Huxley were still alive to see the absolute fluidity with 403 00:22:45,400 --> 00:22:49,760 Speaker 1: which CNN and The Washington Post they are able to 404 00:22:49,800 --> 00:22:53,359 Speaker 1: tell the exact opposite lie on the flip of a switch, 405 00:22:54,000 --> 00:22:58,560 Speaker 1: without even the hint of any recollection to what they 406 00:22:58,560 --> 00:23:04,840 Speaker 1: were saying yesterday. YEA. Secondly, you know when the John 407 00:23:04,920 --> 00:23:09,560 Speaker 1: Carries of the world tell these poor, dirty, little working 408 00:23:09,560 --> 00:23:12,119 Speaker 1: class people learn to code, you know, one of the 409 00:23:12,119 --> 00:23:14,800 Speaker 1: ironies is almost inevitably the politicians who are doing this, 410 00:23:14,880 --> 00:23:17,920 Speaker 1: they don't know how to code. Yeah, John Carry don't 411 00:23:17,960 --> 00:23:20,160 Speaker 1: know how to code. You can, I guarantee you can't 412 00:23:20,160 --> 00:23:24,359 Speaker 1: program his iPhone? Look like like Joe Biden doesn't know 413 00:23:24,400 --> 00:23:28,480 Speaker 1: how to code. You look at it. Politicians are exercising 414 00:23:28,680 --> 00:23:32,480 Speaker 1: power to destroy other people's lives. And one of the 415 00:23:32,520 --> 00:23:34,800 Speaker 1: things the Left loves to virtue signal. They love to 416 00:23:34,840 --> 00:23:38,320 Speaker 1: show how virtuous they are by being willing to give 417 00:23:38,320 --> 00:23:43,240 Speaker 1: away your job, never their job, never a penny out 418 00:23:43,240 --> 00:23:45,880 Speaker 1: of their pocket, never anything out of their life, but 419 00:23:46,160 --> 00:23:51,720 Speaker 1: your job. They are so virtuous they will obliterate your life. Look, 420 00:23:51,760 --> 00:23:54,000 Speaker 1: if you actually respect people, you say you ought to 421 00:23:54,040 --> 00:23:55,399 Speaker 1: be able to choose what you want to do with 422 00:23:55,480 --> 00:23:57,560 Speaker 1: your right life. Listen, I'm not a steel worker. If 423 00:23:57,560 --> 00:23:59,159 Speaker 1: you put me in a steel founder, I wouldn't think 424 00:23:59,160 --> 00:24:01,000 Speaker 1: what the hell did it do? At probably burned my 425 00:24:01,040 --> 00:24:05,520 Speaker 1: fingers off. Like I that that being a lawyer was 426 00:24:05,560 --> 00:24:07,520 Speaker 1: the right call for me, that was my skill show. 427 00:24:07,640 --> 00:24:10,160 Speaker 1: But but I'm not going to presume to tell you 428 00:24:10,520 --> 00:24:15,480 Speaker 1: that what you chose to do is is somehow illegitimate 429 00:24:15,520 --> 00:24:20,760 Speaker 1: and should be eliminated the wrong choice. And a third point. 430 00:24:20,800 --> 00:24:25,919 Speaker 1: You know you talked about inevitable and and I have 431 00:24:26,040 --> 00:24:30,719 Speaker 1: to say it, it brought to mind Avengers endgame. And 432 00:24:32,000 --> 00:24:35,359 Speaker 1: you know, Carrie doesn't quite have the massive Thanos hands 433 00:24:35,359 --> 00:24:37,720 Speaker 1: and fingers, but you could see the inevitable in the 434 00:24:37,760 --> 00:24:41,320 Speaker 1: fingers snapping. And it actually what is interesting an endgame 435 00:24:41,480 --> 00:24:46,720 Speaker 1: is curious. Have you noticed in how many movies how 436 00:24:46,760 --> 00:24:52,840 Speaker 1: often rabid environmentalists are the bad guys, whether it's thought 437 00:24:52,920 --> 00:24:56,919 Speaker 1: Os or Go to Watchman, you know where where the 438 00:24:56,680 --> 00:25:02,040 Speaker 1: the The view of the left is people are a disease. 439 00:25:02,119 --> 00:25:04,760 Speaker 1: They buy into the Malthusian line that there are too 440 00:25:04,800 --> 00:25:07,199 Speaker 1: many people in the world, that people are bad and 441 00:25:07,400 --> 00:25:10,520 Speaker 1: everything would be better if we had fewer people. I mean, 442 00:25:10,560 --> 00:25:13,520 Speaker 1: Thanos wanted to eliminate fifty percent of the life forms 443 00:25:13,520 --> 00:25:16,680 Speaker 1: of the universe with one finger snapping. And you know, Center, 444 00:25:16,760 --> 00:25:19,000 Speaker 1: I don't want people to think that you're being hyperbolic 445 00:25:19,080 --> 00:25:21,480 Speaker 1: here or that you're I mean, this has been the 446 00:25:21,920 --> 00:25:24,440 Speaker 1: explicit view of very prominent leftists for a long time. 447 00:25:24,520 --> 00:25:27,800 Speaker 1: You're talking about the sort of Malthusian theories that people 448 00:25:27,840 --> 00:25:29,720 Speaker 1: are going to destroy the world. You saw this with 449 00:25:29,760 --> 00:25:32,879 Speaker 1: the population bomb in the latter part of the twentieth century, 450 00:25:32,920 --> 00:25:36,440 Speaker 1: where we were told by the top genius scientists that 451 00:25:36,480 --> 00:25:41,080 Speaker 1: if we didn't have hopefully voluntary suppression of the global population, 452 00:25:41,320 --> 00:25:45,440 Speaker 1: but if necessary coerced suppression of the global population, we'd 453 00:25:45,480 --> 00:25:50,320 Speaker 1: inevitably have starvation famines everywhere we had to do this. 454 00:25:50,560 --> 00:25:53,280 Speaker 1: You hear this with very prominent environmentalists up to and 455 00:25:53,320 --> 00:25:57,240 Speaker 1: including Al Gore and others. It is a creepy point, 456 00:25:57,320 --> 00:25:59,760 Speaker 1: and it seems so radical when you say it, but 457 00:26:00,000 --> 00:26:03,239 Speaker 1: it is undeniable that that has been the position of 458 00:26:03,280 --> 00:26:05,840 Speaker 1: prominent leftists. And Michael I had a question for you. 459 00:26:06,640 --> 00:26:10,600 Speaker 1: Do you own a private jet? Not yet unfortunately, nor 460 00:26:10,640 --> 00:26:12,440 Speaker 1: do I now Listen, I would love a private jet, 461 00:26:12,640 --> 00:26:15,240 Speaker 1: but but but I don't have one. You know who 462 00:26:15,280 --> 00:26:18,679 Speaker 1: does own a private jet? John Fragan carry Oh my goodness, 463 00:26:18,760 --> 00:26:22,919 Speaker 1: you don't say so, the same person. The hypocrisy on 464 00:26:22,960 --> 00:26:26,280 Speaker 1: the left on this is really screwed up. And you see, 465 00:26:26,880 --> 00:26:29,200 Speaker 1: you know, you see Hollywood movie stars come in in 466 00:26:29,240 --> 00:26:33,840 Speaker 1: their G five. They've got the carbon footprint of small towns. 467 00:26:34,200 --> 00:26:37,160 Speaker 1: And are they willing to change how they travel? Oh no, 468 00:26:37,160 --> 00:26:39,000 Speaker 1: no, no no, no no. John Carey is gonna fly in 469 00:26:39,119 --> 00:26:42,560 Speaker 1: his jet. He's gonna have a caravan of suburbans carry 470 00:26:42,600 --> 00:26:46,000 Speaker 1: him everywhere. He's perfectly happy to have a carbon footprint. 471 00:26:46,080 --> 00:26:51,680 Speaker 1: Of Paul Bunyan, the rest of us. Your jobs must 472 00:26:51,680 --> 00:26:54,640 Speaker 1: go to go away. I'm sorry. Learned something else to do. 473 00:26:55,280 --> 00:26:58,720 Speaker 1: And it's driven by it's driven by money, and it's 474 00:26:58,800 --> 00:27:03,080 Speaker 1: driven by power. Listen, this is not about climate. You know. 475 00:27:03,160 --> 00:27:08,280 Speaker 1: One of the weird things to understand. Everything that Joe 476 00:27:08,320 --> 00:27:12,440 Speaker 1: Biden is doing in the name of climate will make 477 00:27:12,520 --> 00:27:17,960 Speaker 1: the climate dirtier. So as the Biden administration destroys US 478 00:27:18,040 --> 00:27:20,640 Speaker 1: oil and gas production, and that's what they're doing. They're 479 00:27:20,640 --> 00:27:24,520 Speaker 1: trying to utterly destroy US oil and gas production. You're 480 00:27:24,520 --> 00:27:29,240 Speaker 1: not going to wake up tomorrow and magically have your 481 00:27:29,280 --> 00:27:32,640 Speaker 1: car or truck in your driveway not need gasoline. You're 482 00:27:32,640 --> 00:27:35,080 Speaker 1: not gonna be able to put pixie dust in your car. 483 00:27:35,560 --> 00:27:37,120 Speaker 1: You're still going to go to the gas station. You're 484 00:27:37,119 --> 00:27:40,919 Speaker 1: going to fill the tank. So if Biden succeeds in 485 00:27:40,960 --> 00:27:43,760 Speaker 1: destroying US energy production, what does that mean? It means 486 00:27:43,760 --> 00:27:48,560 Speaker 1: America is going to buy more oil and gas the 487 00:27:48,600 --> 00:27:52,960 Speaker 1: Middle East from Russia. That does several things. Number One, 488 00:27:53,000 --> 00:27:55,240 Speaker 1: it puts billions of dollars in countries that hate us 489 00:27:55,240 --> 00:27:58,040 Speaker 1: and want to kill us. That's really bad. Why are 490 00:27:58,040 --> 00:28:00,840 Speaker 1: we sending money to people who want us dead? But 491 00:28:01,359 --> 00:28:06,280 Speaker 1: number two, they produce energy much dirtier than we do. 492 00:28:06,359 --> 00:28:08,720 Speaker 1: So literally, what Biden is doing and what carry is 493 00:28:08,720 --> 00:28:13,280 Speaker 1: doing is screwing the environment because they want to destroy 494 00:28:13,359 --> 00:28:17,359 Speaker 1: American energy jobs because since they don't have a magic 495 00:28:17,440 --> 00:28:19,520 Speaker 1: solution for what's going to power your car. If you 496 00:28:19,520 --> 00:28:21,880 Speaker 1: get on an airplane, and you and I we don't 497 00:28:21,920 --> 00:28:24,360 Speaker 1: get on our own private jets. We get on Southwest 498 00:28:24,400 --> 00:28:28,240 Speaker 1: Airlines or whatever the commercial airline is. You know, jets 499 00:28:28,320 --> 00:28:33,359 Speaker 1: don't operate on wind. It's really hard if you imagine putting, 500 00:28:33,400 --> 00:28:35,320 Speaker 1: say a wind meal on the front of a jet. 501 00:28:35,359 --> 00:28:38,920 Speaker 1: It just doesn't work. You know. I'm not a physicist, 502 00:28:38,960 --> 00:28:41,640 Speaker 1: but they're just kind of a problem with that. We're 503 00:28:41,680 --> 00:28:44,280 Speaker 1: going to continue to have energy needs. But what they're 504 00:28:44,360 --> 00:28:49,480 Speaker 1: doing is hurting the environment, destroying jobs, and they're doing 505 00:28:49,480 --> 00:28:52,600 Speaker 1: it for power and money. Every time you hear this, 506 00:28:53,240 --> 00:28:58,040 Speaker 1: it's about power and money. The Keystone Pipeline. By the way, 507 00:28:59,000 --> 00:29:03,680 Speaker 1: Keystone pipeline Biden just stopped. Keystone pipeline would bring oil 508 00:29:03,720 --> 00:29:06,920 Speaker 1: from Canada down south to the US. Without the Keystone pipeline, 509 00:29:06,920 --> 00:29:08,760 Speaker 1: you know what's happening where we're still taking that oil. 510 00:29:08,800 --> 00:29:12,480 Speaker 1: We're just driving it on trucks and trains, a dirtier 511 00:29:12,480 --> 00:29:16,680 Speaker 1: way to transport it that's more expensive, so it doesn't 512 00:29:16,680 --> 00:29:21,120 Speaker 1: Actually every step they're taking hurts the environment. Here is 513 00:29:21,160 --> 00:29:24,600 Speaker 1: a data point that the listeners of Verdict will know 514 00:29:24,680 --> 00:29:29,200 Speaker 1: because y'all are engaged and educated. But it's worth underscoring 515 00:29:29,440 --> 00:29:32,400 Speaker 1: because no Democrat will ever acknowledge it, which is what 516 00:29:32,560 --> 00:29:37,120 Speaker 1: country had the single greatest reduction in carbon emissions last 517 00:29:37,200 --> 00:29:41,480 Speaker 1: year in twenty twenty. I think I have an idea. Who, yeah, 518 00:29:41,480 --> 00:29:44,400 Speaker 1: please give the answer. The United States of America by far. 519 00:29:44,600 --> 00:29:48,560 Speaker 1: It's not even close, because our energy production is so 520 00:29:48,640 --> 00:29:52,720 Speaker 1: much cleaner, and so literally what the Biden folks are 521 00:29:52,720 --> 00:29:55,239 Speaker 1: doing is destroying the cleanest energy in the world to 522 00:29:55,240 --> 00:30:01,800 Speaker 1: shift a dirtier energy because it makes californ environmentalists billionaire 523 00:30:01,880 --> 00:30:06,720 Speaker 1: donors happy, and that's that doesn't make a lot of sense. 524 00:30:07,320 --> 00:30:09,800 Speaker 1: You know. The tell on this, of course, is that 525 00:30:10,320 --> 00:30:14,640 Speaker 1: the solutions that the left propose, they always remain the same, 526 00:30:15,000 --> 00:30:18,160 Speaker 1: and their reasoning for why we need those solutions changes 527 00:30:18,320 --> 00:30:21,200 Speaker 1: sometimes to the complete opposite. So you know, very famously, 528 00:30:21,400 --> 00:30:24,240 Speaker 1: in the nineteen seventies, we were hearing about the threat 529 00:30:24,240 --> 00:30:27,000 Speaker 1: of global cooling and a new ice age, and today's 530 00:30:27,080 --> 00:30:29,239 Speaker 1: environmentalists try to write this off and say, well, that 531 00:30:29,320 --> 00:30:32,040 Speaker 1: was just a sort of media phenomenon, not within the 532 00:30:32,040 --> 00:30:34,640 Speaker 1: scientific community. That isn't true. You can go back and 533 00:30:34,680 --> 00:30:38,440 Speaker 1: see major scientific institutions warning about global cooling. That's where 534 00:30:38,480 --> 00:30:41,080 Speaker 1: the media got it from. Then it changes to global warming, 535 00:30:41,800 --> 00:30:44,560 Speaker 1: Then it changes to the population bomb, as we were 536 00:30:44,600 --> 00:30:47,520 Speaker 1: just discussing. Then it changes to I don't know, climate crisis, 537 00:30:47,520 --> 00:30:49,360 Speaker 1: and they come up with all these new terms. No 538 00:30:49,360 --> 00:30:52,960 Speaker 1: matter what the argument, it's always the same answer. Give 539 00:30:53,000 --> 00:30:55,320 Speaker 1: more power to the state, give more power to the 540 00:30:55,320 --> 00:30:59,440 Speaker 1: state's favored corporations, takeaway choice from Americans, tell them to 541 00:30:59,480 --> 00:31:02,600 Speaker 1: thrive less, live less, do less. It always seems to 542 00:31:02,680 --> 00:31:05,640 Speaker 1: be the same thing. And you know, I guess this 543 00:31:05,720 --> 00:31:09,520 Speaker 1: is related to the power grab that you're seeing in 544 00:31:09,520 --> 00:31:13,920 Speaker 1: the Biden administration. You see the same inevitability talk with 545 00:31:13,960 --> 00:31:18,160 Speaker 1: regard to China, and China a major polluter. Let's not 546 00:31:18,240 --> 00:31:21,760 Speaker 1: forget you know, we're talking about climate but you heard 547 00:31:21,920 --> 00:31:25,640 Speaker 1: from Biden and the kind of establishment consensus for decades, 548 00:31:25,920 --> 00:31:28,680 Speaker 1: we need to support China, arising China. It's a good 549 00:31:28,680 --> 00:31:31,920 Speaker 1: thing for the world. Sure, we might lose some manufacturing jobs, 550 00:31:31,960 --> 00:31:35,160 Speaker 1: but hey, there's it's good. And even more than that, 551 00:31:35,280 --> 00:31:38,520 Speaker 1: it's inevitable. Then we saw over the past few years. Well, 552 00:31:38,520 --> 00:31:41,920 Speaker 1: maybe it's not necessarily inevitable. Now we're hearing this again. 553 00:31:42,680 --> 00:31:45,760 Speaker 1: I know the media are not reporting on these Biden nominees. 554 00:31:45,840 --> 00:31:49,239 Speaker 1: They're not really reporting on Biden's stands towards China. You 555 00:31:49,320 --> 00:31:51,640 Speaker 1: happen to be in the room. What can you tell 556 00:31:51,720 --> 00:31:54,920 Speaker 1: us about about that issue as it pertains to the 557 00:31:54,960 --> 00:31:57,400 Speaker 1: new administration. Well, let me make two points. Let me 558 00:31:57,400 --> 00:31:59,080 Speaker 1: comment on what you just said there, because it was 559 00:31:59,480 --> 00:32:04,239 Speaker 1: it was very insightful. But it's even worse than that, 560 00:32:05,120 --> 00:32:08,920 Speaker 1: which is the Democrats that purport to be motivated by 561 00:32:09,000 --> 00:32:14,520 Speaker 1: a climate crisis by their actions, have made clear they 562 00:32:14,520 --> 00:32:19,120 Speaker 1: don't actually give a damn about the climate, right Like, Okay, 563 00:32:19,160 --> 00:32:22,440 Speaker 1: if you're going to put forth that the criterion to 564 00:32:22,560 --> 00:32:27,960 Speaker 1: judge success is are we protecting the environment? Then under 565 00:32:28,080 --> 00:32:31,360 Speaker 1: that criterion, the democratic policies are a train wreck. They're 566 00:32:31,400 --> 00:32:35,920 Speaker 1: a disaster. And this is where media narratives are exactly opposite. 567 00:32:35,920 --> 00:32:38,960 Speaker 1: To be honest, if you look at which parties care 568 00:32:39,040 --> 00:32:42,960 Speaker 1: about actually clean air and clean water, the record of 569 00:32:43,040 --> 00:32:47,280 Speaker 1: success every major environmental law in the past fifty years 570 00:32:47,280 --> 00:32:49,720 Speaker 1: has been passed with a Republican president. The EPA was 571 00:32:49,760 --> 00:32:52,640 Speaker 1: created with a Republican president. If you look at you 572 00:32:52,640 --> 00:32:55,600 Speaker 1: look at states like Texas with a Republican leadership that 573 00:32:55,640 --> 00:32:59,160 Speaker 1: clean the air and clean the water substantially improved. Look 574 00:32:59,200 --> 00:33:03,160 Speaker 1: all of us, we've got we breathe, we drink water. Look, 575 00:33:03,720 --> 00:33:07,040 Speaker 1: we have a responsibility to be good stewards of the environment. 576 00:33:07,080 --> 00:33:09,959 Speaker 1: I want the world to be cleaner and better after 577 00:33:10,000 --> 00:33:13,600 Speaker 1: we've left it than when we came. If you look 578 00:33:13,640 --> 00:33:19,360 Speaker 1: at separate the rhetoric of Democrats from their actions. The 579 00:33:19,440 --> 00:33:24,760 Speaker 1: actions they're taking make the environment dirtier. If you're shifting 580 00:33:24,800 --> 00:33:28,280 Speaker 1: from clean energy production in the US to dirty energy 581 00:33:28,320 --> 00:33:32,959 Speaker 1: production in Russia. If your criterion that matters more than 582 00:33:33,000 --> 00:33:36,120 Speaker 1: anything is cleaning the environment, that is a stupid thing 583 00:33:36,160 --> 00:33:39,880 Speaker 1: to do. Paris Climate Deal, and this connects to your 584 00:33:39,960 --> 00:33:44,040 Speaker 1: China point. So Biden opening week rejoins the Paris Climate Deal. 585 00:33:44,080 --> 00:33:47,680 Speaker 1: Paris Climate Deal is designed to destroy a whole bunch 586 00:33:47,680 --> 00:33:49,560 Speaker 1: of high paying jobs in the US, and it does 587 00:33:49,640 --> 00:33:53,600 Speaker 1: virtually nothing on China. China is polluting like crazy that 588 00:33:54,080 --> 00:33:58,520 Speaker 1: they are using dirty coal powered production. They're dumping massive 589 00:33:58,560 --> 00:34:01,120 Speaker 1: plastics in the rivers. By the way, I joined with 590 00:34:01,160 --> 00:34:04,040 Speaker 1: a bunch of other Republicans in passing legislation to clean 591 00:34:04,160 --> 00:34:07,200 Speaker 1: up the seas and to get plastics out of the seas. 592 00:34:07,240 --> 00:34:10,680 Speaker 1: But an enormous percentage of that is coming from China 593 00:34:10,719 --> 00:34:14,560 Speaker 1: and India that are dumping in rivers enormous quantities of plastic. 594 00:34:15,239 --> 00:34:18,279 Speaker 1: The Democrats don't care about any of that. Their policies 595 00:34:18,320 --> 00:34:21,960 Speaker 1: make it worse. So the Paris Climate Deal makes the 596 00:34:22,120 --> 00:34:26,680 Speaker 1: environment dirtier. And the reason you can tell that they're 597 00:34:26,680 --> 00:34:28,479 Speaker 1: not telling the truth is when you make this point, 598 00:34:28,520 --> 00:34:32,759 Speaker 1: they don't care. They don't care, they don't actually even 599 00:34:32,800 --> 00:34:36,240 Speaker 1: dispute it. It doesn't matter because it's not about cleaning 600 00:34:36,320 --> 00:34:39,799 Speaker 1: up the environment. For them, it is about power. Their 601 00:34:39,880 --> 00:34:43,640 Speaker 1: objective is to destroy those jobs because they want control 602 00:34:43,680 --> 00:34:47,399 Speaker 1: and they want power. Now, you talked about China in 603 00:34:47,560 --> 00:34:51,040 Speaker 1: terms of big policy shifts. I think over the next 604 00:34:51,080 --> 00:34:53,800 Speaker 1: four years we're going to see a big, big shift 605 00:34:54,960 --> 00:35:00,279 Speaker 1: towards embracing communist China. We've had multiple confirmation here rings 606 00:35:00,320 --> 00:35:03,399 Speaker 1: for Biden cabinet nominees, one after the other after the other, 607 00:35:04,320 --> 00:35:08,359 Speaker 1: has been moving back towards China. So, for example, Tony 608 00:35:08,360 --> 00:35:11,880 Speaker 1: Blinkin is the new Secretary of State. Blincoln was asked 609 00:35:11,880 --> 00:35:14,759 Speaker 1: if he would commit to maintain the entities list the 610 00:35:14,840 --> 00:35:19,680 Speaker 1: sanctioned companies in China who were participating in genocide, participating 611 00:35:19,719 --> 00:35:25,560 Speaker 1: in repressing the wagers, participating in big brother control of society. 612 00:35:25,640 --> 00:35:28,239 Speaker 1: He wouldn't make that commitment. He said, no, I can't 613 00:35:28,239 --> 00:35:31,440 Speaker 1: commit to that. Gina Raimondo, who's the governor Rhode Island, 614 00:35:31,480 --> 00:35:34,839 Speaker 1: she was nominated to the Commerce Secretary. I asked her 615 00:35:34,920 --> 00:35:37,640 Speaker 1: at her confirmation hearing. I said, all right, will you 616 00:35:37,719 --> 00:35:41,440 Speaker 1: commit at least to Huawei, and we've talked about Huawei 617 00:35:42,520 --> 00:35:46,719 Speaker 1: on Verdict before. Huawei is this gigantic Chinese company. It 618 00:35:46,800 --> 00:35:50,560 Speaker 1: is a global espionage company. It mass trades as a 619 00:35:50,600 --> 00:35:53,800 Speaker 1: telecom company, but it's it is the Chinese communist government 620 00:35:54,360 --> 00:35:58,400 Speaker 1: uses Huawei to intercept communications from other countries and to 621 00:35:58,440 --> 00:36:02,360 Speaker 1: engage in espionage. Whahwei is currently listed. I asked Jenna Romando, 622 00:36:02,400 --> 00:36:05,680 Speaker 1: will you commit to leaving Huahwei on the list? Nope, 623 00:36:05,680 --> 00:36:07,680 Speaker 1: she can't commit to that either, She'd have to review it. 624 00:36:08,320 --> 00:36:12,439 Speaker 1: Alejandro Mayorcas, who Biden is nominated to be the head 625 00:36:12,440 --> 00:36:17,440 Speaker 1: of DHS Department Homeland Security. When he was at DHS before, 626 00:36:18,280 --> 00:36:23,160 Speaker 1: he personally arranged for a visa for a senior vice 627 00:36:23,200 --> 00:36:29,080 Speaker 1: president at Uahwei and for other big Democratic donors because 628 00:36:29,160 --> 00:36:33,799 Speaker 1: Tony Rodham, Hillary Clinton's brother arranged it, and he was 629 00:36:33,880 --> 00:36:36,719 Speaker 1: basically in charge of making sure there were favors for 630 00:36:36,760 --> 00:36:41,719 Speaker 1: big Democratic donors, including taking care of Uahwei. There is 631 00:36:41,760 --> 00:36:44,120 Speaker 1: a pattern across this, and I'll tell you This week 632 00:36:45,000 --> 00:36:48,520 Speaker 1: Senate Form Relations Committee, we had a confirmation hearing for 633 00:36:48,760 --> 00:36:54,880 Speaker 1: Biden's nominee to UN Ambassador and Linda Greenfield Thomas. She 634 00:36:55,000 --> 00:37:02,400 Speaker 1: is a career foreign Service officer. We've talked before on 635 00:37:02,440 --> 00:37:09,440 Speaker 1: the podcast about Confucius institutes. Confucius institutes are owned and 636 00:37:09,520 --> 00:37:13,000 Speaker 1: controlled and paid for by the Chinese Communist government. They 637 00:37:13,000 --> 00:37:15,640 Speaker 1: have been opened up at US universities all across the country, 638 00:37:15,680 --> 00:37:20,160 Speaker 1: and they serve as hubs for espionage, hubs for propaganda. 639 00:37:20,520 --> 00:37:24,360 Speaker 1: There's actually been pretty wide bipartisan agreement that Confucius institutes 640 00:37:24,360 --> 00:37:26,440 Speaker 1: are really bad and really harmful. So a couple of 641 00:37:26,520 --> 00:37:32,920 Speaker 1: years ago I wrote legislation that passed had big bipartisan support, 642 00:37:32,960 --> 00:37:37,480 Speaker 1: passed into law clamping down on Confucius institute. The bill 643 00:37:37,520 --> 00:37:40,400 Speaker 1: I wrote has ended up shutting down dozens of Confucius 644 00:37:40,440 --> 00:37:44,319 Speaker 1: institutes across the country. Well, a little over a year ago, 645 00:37:44,880 --> 00:37:50,080 Speaker 1: Biden's un ambassador nominee gave a paid speech at a 646 00:37:50,120 --> 00:37:54,719 Speaker 1: Confucius institute. She got paid fifteen hundred dollars to give 647 00:37:54,719 --> 00:37:58,319 Speaker 1: a speech. I questioned her at the hearing about it, 648 00:37:58,320 --> 00:38:00,520 Speaker 1: and it's interesting she backed away from and said, oh, 649 00:38:00,680 --> 00:38:04,480 Speaker 1: it was a mistake and she was horrified, just horrified 650 00:38:05,000 --> 00:38:08,279 Speaker 1: to see what the Confucian Institute was doing, to which 651 00:38:08,320 --> 00:38:14,279 Speaker 1: I responded, well did you keep the money? And she 652 00:38:14,440 --> 00:38:16,640 Speaker 1: was like, well, well, yeah, of course. I kept the money, 653 00:38:17,600 --> 00:38:22,879 Speaker 1: but I was horrified. And I will also note the 654 00:38:23,000 --> 00:38:26,520 Speaker 1: speech she gave. So she handed the speech over the 655 00:38:26,560 --> 00:38:29,359 Speaker 1: Foreign Relations Committee. It's handed over to context that it's 656 00:38:29,360 --> 00:38:31,840 Speaker 1: deemed confidential, so I have a copy of the speech. 657 00:38:32,960 --> 00:38:35,759 Speaker 1: She doesn't say one critical word about China. So she 658 00:38:35,840 --> 00:38:39,960 Speaker 1: goes to a Confucian institute and gives this puff piece 659 00:38:40,320 --> 00:38:45,480 Speaker 1: praising China, praising the Belton Road Initiative, which is billions 660 00:38:45,520 --> 00:38:49,280 Speaker 1: of dollars that China is investing in infrastructure the developing world, 661 00:38:49,360 --> 00:38:55,239 Speaker 1: trying to make developing countries captive economically to China. And 662 00:38:55,440 --> 00:38:58,040 Speaker 1: not only that, her speech says America should be more 663 00:38:58,080 --> 00:39:00,560 Speaker 1: like communist China. We ought to have similar policies to 664 00:39:00,600 --> 00:39:04,160 Speaker 1: what they have. This is who Joe Biden is picked 665 00:39:04,160 --> 00:39:07,399 Speaker 1: to be the representative for the United States of America 666 00:39:07,480 --> 00:39:11,480 Speaker 1: at the United Nations. We are in the midst of 667 00:39:11,560 --> 00:39:15,440 Speaker 1: and getting ready to see a massive pivot back towards China, 668 00:39:15,440 --> 00:39:17,560 Speaker 1: and that's really bad for the country. In a way, 669 00:39:18,200 --> 00:39:20,720 Speaker 1: I'm sorry that I have to say this. It seems 670 00:39:20,760 --> 00:39:23,759 Speaker 1: like a return to normal. You know, we're talking about 671 00:39:23,760 --> 00:39:27,759 Speaker 1: this kind of crooked establishment, and you see it in 672 00:39:27,840 --> 00:39:30,880 Speaker 1: stories as disparate as the game stop sort of kerfuffle, 673 00:39:31,040 --> 00:39:32,760 Speaker 1: and you see it all the way in foreign policy, 674 00:39:32,800 --> 00:39:37,520 Speaker 1: which you're seeing a return to this old consensus. It's 675 00:39:37,560 --> 00:39:41,439 Speaker 1: pretty ugly and they are exercising political power right now. 676 00:39:41,600 --> 00:39:44,120 Speaker 1: We will have to discuss how we can exercise our 677 00:39:44,160 --> 00:39:46,880 Speaker 1: freedom and push back against that power. We'll be discussing 678 00:39:46,880 --> 00:39:50,120 Speaker 1: it in Miami on Friday at February fifth. I've got 679 00:39:50,120 --> 00:39:52,279 Speaker 1: a whole bunch of mailbag questions. Unfortunately we're out of 680 00:39:52,320 --> 00:39:55,640 Speaker 1: time now. I will bring these mailbag questions with me 681 00:39:56,000 --> 00:39:58,680 Speaker 1: to Miami. We will get your questions live. If you 682 00:39:58,719 --> 00:40:02,239 Speaker 1: go to YouTube dot com slash yaff TV. We might 683 00:40:02,400 --> 00:40:06,120 Speaker 1: see you in person there. Senator I certainly, I at 684 00:40:06,160 --> 00:40:08,560 Speaker 1: least will see you in person there, very much looking 685 00:40:08,600 --> 00:40:11,160 Speaker 1: forward to it, and that's just assuming that the big 686 00:40:11,239 --> 00:40:14,520 Speaker 1: establishment doesn't clamp down on us before then. But hopefully, 687 00:40:14,640 --> 00:40:16,600 Speaker 1: hopefully we'll at least get a week and we will 688 00:40:16,600 --> 00:40:19,440 Speaker 1: see all of you in Miami. I'm Michael Knowles. This 689 00:40:19,520 --> 00:40:31,520 Speaker 1: is Verdict with Ted Cruz. This episode of Verdict with 690 00:40:31,560 --> 00:40:34,320 Speaker 1: Ted Cruz is being brought to you by Jobs, Freedom 691 00:40:34,360 --> 00:40:38,240 Speaker 1: and Security Pack, a political action committee dedicated to supporting 692 00:40:38,239 --> 00:40:42,840 Speaker 1: conservative causes, organizations and candidates across the country in twenty 693 00:40:42,920 --> 00:40:46,240 Speaker 1: twenty two, Jobs, Freedom and Security Pack plans to donate 694 00:40:46,280 --> 00:40:49,840 Speaker 1: to conservative candidates running for Congress and help the Republican 695 00:40:49,880 --> 00:40:51,400 Speaker 1: Party across the nation.